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VOL. 85.
NO 2206.
OCT. 5 1907.
a
t
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Published every Saturday by W ILLIAM B . D AN A COM PANY, Pine St., corner
Pearl St., N . Y . City, William B . Dana, Prest.; Jacob Selhert Jr., Vice-Prest.
and Sec.; Arnold G. Dana, Treas. Addresses of all. Office of the Company.
CLEARINGS—FOR SEPTEMBER, SINCE JANUARY 1 AND FOR WEEK ENDING SEPTEMBER 28.
New Y ork __________
Philadelphia________
Pittsburgh___________
B a ltim ore___________
Buffalo..........................
Albany______________
W ash in gton ________
R och ester___________
Scranton____________
S yracuse____________
Reading_____________
W ilm ington_________
W ilkes-B arre_______
Wheeling. W . Va____
E r i e ________________
Greensburg__________
C h ester______ ______
B ingham ton________
F ra n k lin ____________
Frederick _________
H arrisburg*________
Total Middle......... ..
Boston _____________
P roviden ce__________
Hartford ___________
New Haven__________
P ortla n d ____________
Springfield....... . ..........
W orcester..... ............ ..
Fall R iver___________
New Bedford________
L o w e ll______________
H olyoke_____________
Total New England
C h icago ......... _............
Cincinnati....................
C levelan d......... ..........
D etroit............... ..........
M ilw au k ee..................
Indianapolis................
C olu m bu s___________
T o le d o ______________
P e o r ia ______________
Grand Rapids_______
D ayton ____________
E v a n s v ille __________
K ala m a zoo_________
Springfield, 111............
Fort W a y n e ________
A k r o n ______________
L exin gton ___________
You ngstow n ________
R o c k f o r d ___________
Canton..... .......... ..........
South Bend....... ..........
Q uincy______________
Bloomington ______
Springfield, O hio____
Mansfield____________
Decatur ____________
Jacksonville, 111_____
Jackson _____________
Ann A rbor___________
Total Middle W est.
San Francisco_______
Los Angeles__________
Seattle _____________
Portland _....................
Salt Lake C ity_______
Spokane_____________
T a com a _____________
Helena _____________
Fargo ______________
Sioux F a lls _________
Oakland*____________
San Jose*....... .......... __
Total Pacific______
Kansas C i t y ________
Minneapolis..................
Omaha______________
St. Paul_____________
D enver....... ............ ......
St. Joseph___________
Des Momes__________
Sioux City......... ..........
W ich ita ........................
D avenport___________
T o p e k a ........................
Colorado Springs____
Cedar R a p id s_______
Pueblo _____________
F re m o n t____________
L in c o ln * ____________
Total other W e s t ..
New Orleans________
L o u is v ille ___________
H o u s t o n ____________
G alveston ___________
Richm ond _____ ____
S av annah.................._
A tla n ta _____________
M em phis____________
N a s h v ille ___________
Fort W o r t h .._______
N o r fo lk _____________
Augusta_____ ________
Birm ingham ________
M o b ile ..........................
K n o x v ille ___________
Jacksonville _________
Chattanooga . ____
Charleston___________
Little R ock _________
M a co n ________ _____
W ilmington, N . 0 - . . Beaumont __________
Columbus, Ga_______
■Oklahoma___________
Total Southern.___
' Total all___________
' Outside New Y ork .
L
'
1907.
1906.
S
6,030,228,747
542,890,979
200,669,680
112.529,326
33,513.374
21,796,069
2*2,231,868
13,315,133
8,799,148
8.935,937
5,357,630
5,152,054
4,726,495
4,97^,954
2,899,797
2,456,125
2,092,316
1,990,‘'00
1.119,119
939,608
3,582,024
7,026,622,559
555.S67.314
25,779,600
12,497,846
9.788,90.9
8,739,352
7,942,502
6.242,433
.3,645,061
2,894,927
2,022,924
1,957,192
637,378,060
993,333,609
106,882,900
73,210,545
57,288,428
47,637,202
31,378,379
23,424,600
16,757,561
13,237.493
9,680,924
7,974,871
8,264.473
4,280.130
3,696,197
3,227,616
2,804,660
2,403,590
3,444.235
2,653,854
1,945,705
2,155,335
1,811,646
2.09S.037
1,748,751
1,496,33,s
1,951,224
1,218,486
1.348,050
505,047
1,427,865,886
169,804,814
43,424,135
42,012,416
30,172,440
24.309,465
27,490,809
20,658,327
4,201,001
2,293,*98
2,599,015
10,491,797
2.207.276
366,966,320
153,733,034
100,483,695
50,843,232
38,690,116
37,033,256
22,365,396
13,245,952
7.775.422
5,334,3S4
5.191.064
4,733,741
3,024,449
2,621,181
2,613,146
1,740,-09
4,976.456
449.428.377
256,807,694
67.957,325
49,567,507
51.932.161
29.000,000
25,144,700
23.107,734
18.481,790
14,541,917
17,046,642
15,000,000
10,-103,417
9,190,614
8,652,892
5.642,174
6.853,213
5,343,090
6.217,680
5.275,558
5,198.605
2.941.287
1,700,083
1,952,700
1.414,251
4,057.145
643.132,186
10.551.393,388
4,52l'.164,841
$
8.313,831,945
576,003,364
194,116^492
104,135,860
29,606,292
23,422,806
19,287,902
15,489,502
£,125,624
6.702,866
299,539
4.831,091
4.296,686
4,027,021
2,467,974
2,150,567
2,117,377
1,835,000
1,126,078
787,033
3,838,566
9,319,652,019
602,276.108
26,007,800
13,671,171
9,175,703
7,189,728
7,151,705
5,732,003
3,142,043
2,328,836
1,924,898
1,981,089
680,581,084
841,651.763
97.190.450
65,812,906
48,780,815
38,796,633
28,698.132
21.103,000
16,235,641
11,394,615
8,508.206
7(002,942
7,653;426
3.840.S50
3,570,556
3,009,638
2,630,977
2,197,134
2,279,058
2,404,111
1,868,403
1,713,096
1,654,459
1,595.904
1,550,056
1,484,891
1,435,606
1,063,613
1,011,472
487,689
1,226,626,042
185,499,838
44,1/43,517
42.S34.932
25,098,510
19,571,543
18,740,506
16,879,580
3,228,007
1,892,417
1,654,863
12,809,454
2,208,960
359,443,713
109,447,773
80,910,921
38,985,524
34,169,914
28.127,346
18,580,355
10,942.521
7,512,776
4,833,743
4,218,494
3,642,778
2,472.512
2,209,658
1,981,027
1,262,723
4.402,756
349.298,068
226,951,515
65,487,414
4S.447.756
47.41S.097
29,431,000
22,500,085
20,827,530
15,973.700
12,796,025
12,409,056
11,764,825
9,246,843
6,737.893
7,185.86!!
6,011,620
5.937,153
4,835,895
4.951,958
4,282,106
3,945,449
2,560,097
1,986,249
1,555,883
1,334.520
2,8*0,420
577.464.965
J2.513,065.891
4,199,233,986
Inc. or
Dec.
%
— 27.5
— 5.7
+ 3.4
+ 8.1
+ 13.2
— 6.9
+ 15.3
— 14.0
+ 8.3
+ 3 3 .3
+ 1.3
+ 6 .6
+ 10.0
+ 23.6
+ 17.5
+ 14.2
— 1.2
+ 8.5
— .0.6
+ 19.4
— 6.7
— 24.t>
— 7-7
— 0.9
— 8.6
+ 6.7
+ 2 1 .6
+ 11.1
+ 8.9
+ 16.0
+ 2 4 .3
+ 5 .1
— 1.3
— 6.3
+ 18.0
+ 10.0
+ 10.6
+ 17.4
+ 22.8
+ 9.3
+ 11.0
+ 3.2
+ 16.2
+ 1 3 .8
+ 13.9
+ 8.0
+ 11.5
+ 3.5
+ 7.3
+ 6.6
+ 9.4
+ 51.1
+ 10.4
+ 4.1
+ 25.8
+ 9 .5
+ 31.5
+ 12.8
+ 0.8
+ 35.9
+ 14.6
+ 3 3 .3
+ 3 .6
+ 16.4
— 8.5
— 1.4
— 1.9
+ 2 0 .2
+ 2 4 .2
+ 4 6 .7
+ 22.4
+ 30.1
+ 21.2
+ 57.1
— 18.1
— 0.08
+ 2 .1
+ 4 0 .5
+ 24.2
+ 30.4
+ 13.2
+ 31.7
+ 20.4
+ 21.0
+ 3 .5
+ 10.4
+ 23.1
+ 30.0
+ 2 2 .3
+ 18.6
+ 3 1 .9
+ 37.9
+ 13.0
+ 2 8 .7
+ 13.1
+3.S
+ 2 .3
+ 9 .5
— 1.5
+ 11.8
+ 10.5
+ 15.7
+ 13.6
+ 37.4
+ 2 7 .5
+ 9.3
+ 36.4
+ 20.4
— 6.1
+ 15.4
+ 10.5
+ 2 5 .6
+ 23.2
+ 31.0
+ 14.9
— 14.9
+ 2 5 . r,
+ 6 .0
+ 4 0 .2
+ 11.4
— 15.7
+ 7 .6
Inc. or
Dec.
1907.
1906.
s
68,135,495.030.
5,492,928,770
2,087,716,068
1,110,968,900
327,249,664
269,179,285
233,052,238
139,850,058
85,902,847
.SI, 111,305
54,128.954
52,999,507
46,.226,665
41,391,139
27,227,827
21,931,509
20,234,369
20.791,800
10,804,946
7.794,052
40,917,040
78,266,995,533
6,279,923,159
292,718,000
142,4/73,940
98,136.191
74.726,576
80,598,224
63.256,845
40,505.826
2S.244.620
20,031,613
19,361,324
7,139.976.318
9.282,635.399
1,061,342,850
685,068,852
536,270,237
417,992,213
31(7,710,221
219.4S9.400
164.756,491
109,879.104
92.978,130
SO, 102,867
78,992.145
40.1S0.475
32,293,906
31.131,489
27,385,497
25,457,143
29.710,195
25,258,137
21.130,978
19,611,669
17,610,231
18,813,422
17,048,589
14,253,547
15,220,885
10,075,680
12,770,665
5.328,628
13,403,499,045
1.690.784.402
465,886,388
369,989,327
274.558,137
234,007,845
220,458,536
183,100,493
35,038,976
19,818,479
18,055,537
116,839,384
18,801.112
3,511.698,120
1,220,637.206
806,981,274
424,722,227
340,566,6S1
302,698,653
221.424,705
116,656,491
83,106,815
51,609,665
43,325.760
38,394,248
26,588,575
25,789.916
22,114,941
13.345,961
48,931.369
3,737,918,126
2,371,731,952
694,594,261
506,802,540
423,774,436
254,260,000
238.515.745
145,484,364
183,769,860
170,541,002
153,221,317
140,336,555
101,632,280
59,517.614
85,666,431
62,785,162
62,038,685
58,481,531
55.853.268
49,512.055
51,699,409
24,856.959
16,805.585
19,417,122
12-■”34,180
38,038.017
5.982.054.294
112.042.141.436
43,906.645,806
S
77,495,903,04S
5,671,801,316
1,967,121.315
1,056,433,454
288,278.063
206,318.667
214,921,457
.147,992,903
77,455.942
63,475,689
49,568,210
49,370,7o7
40,578,451
39,163.681
23,535,283
19,755,573
20,264,441
19,759,700
10.836,580
7,405,095
19,227.558
87.469,940,225
6,066,446,425
284,S82,300
135,386,011
1,387,038
71,703,'486
69,613,912
58.746,406
34,318,986
24.084,521
18,523,584
18.189,396
6,873,282,065
8,064,023,886
9 r e ,008,350
607,959,137
483,286,992
354.732.762
265,552.649
201,313,100
155,637,156
109,967,174
85.530,817
72,523,252
65.823,610
34,017,782
31,469,760
29,185,413
21,739,457
25,068,6 0
24,680,723
22,021,533
18,475,780
16,618.623
14,767.706
16.9S4.442
14,915,798
13,317,087
12.779,501
10,264,467
9,320,1-63
4,810,590
11.759.196,400
1,369,764,241
421.109,497
348,478.115
192,820,123
198,706,817
155.211,395
144,554,382
29,187.642
17.818,601
13,603,129
74,882,226
6.984,908
2,891,253,942
946.557.323
663,965,938
367,039.749
290,825,038
248,333,468
192,983,416
102,628,027
69.777.70S
43,375.10S
39,834,092
33,237.459
26,699,585
21.492,701
18.161.269
10.S40.8S9
21.689,429
3.075,751,770
2.163.787.157
687.68S.177
4S4.555.4J4
331,694,105
220,733,000
222,356.525
154,607.733
101.362.764
168,221,210
153,263,156
104,027,659
85,649,535
56.322,849
71,478,574
58,320,882
54,245,852
49.720,663
48,920,860
47.568.005
43,133.540
20.725,360
19.483,979
14.711,035
11.923,844
24,256.547
5.453,758,809
117,528.183.211
40.032,280.163
*No* taoloded in totals for month and nine months; com parison incomplete.
Week ending September 28.
N ine Months.
September.
Clearings at—
1907.
1906
$
S
%
— 12.1 1,402,951,911 1,923,940.039
143,428,991
130,397.705
— 3.2
52.943.212
48,606,087
+ 6.1
24,972,130
27.061,070
-f- A.2
8,303,370
7,377,035
+ 13.5
5.553,980
5,700,851
+ 30.5
4,638,513
5,329,579
+ 8 .4
2,069,347
3,585,014
— 5.5
2,021,660
+ 10.9
2,194,934
1.951,422
1.395,516
+ 27.8
1,257,243
1.406,946
+ 9.2
1,144,436
1.300,155
+ 1.3
1.133,576
1.050,022
+ 13.9
975,000
963.324
+ 5.7
594,232
731,251
+ 15.7
496,401
432,340
+ 11.0!
— 0.1
566,587
539,271
431,900
458,200
+ 5.2
— 0.3
274,099
259,487
+ 5.3
841’, 231
923,807
— 10.5 1,646,752,221 2,172,349.653
138,860.016
127,668,50.4
+ 3.5
6,343,400
5,992.800
+ 2 .8
2.951,060
3,290.239
+ 7.^
2,248.1412,332,579
+ 4.2
1,872,693
2.011,848
+ 1 5 .8
1,800,000
1,549,468
+ 7.7
1,257,587
1,487,878
+ 18.0
888,543
776.397
+ 17.3
515.844
521,500
+ 8.1
500,732
430,791
+ 6.4
435,577
517.092
+ 3 .9
146.851,527
157,397.162
+ 15.1
244,416.350 206.809,382
+ 9.2
25,339,950
23.081,700
15,283,040
+ 12.7
18,240,035
+ 11.0
13,285,409
11,528,5801
11,615.531
9,776.970
+ 17.8
+ 17..1
7,215,454
6,642,365
+ 9.0
5,799,000
5,094,300
+ 5 .9
3,865.130
3,810,167
— 0.08
3.171,237
2.668.599
1.893,031
+ 8.7
2,367,507
+ 10.4
1,506,209
1,883,112
+ 20.0
1.556,626
1.882,563
+ 16.1
930,346
910.460
+ 2.6
896,461
782.752
+ 6,7
774,001
764,187
710.000
+ 2 6 .0
610,144
+ 1.6
557.763
514,212
+ 20.4
1,200.381
688,367
747,542
+ 14.7
690,711
+ 14.4
390,629
415,861
+ 18.0
475.000
417,261
+ 19.3
418,246
392.364
+ 10.8
434.181
369.706
+ 14.3
325.590
410.751
+ 7.0
367,052
343.910
+ 19.0
411,204
327,576
— 1.8
234,449
264,608
+ 3 7 .0
225,000
305,S86
+ 10.8
137.231
153,464
+ 14.0
348.473.830 297,755,713
+ 2 3 .4
41,221,899
43,344,399
+ 10.6
9,757.624
9,790,817
+ 6.2
10,195.426
9,661,381
+ 42.4
6,550,643
5.781.814
+ 17.8
5,773,640
4.610.697
+ 42.0
6,362.808
4,580,041
4,986,300
+ 2 6 .7
4,409.393
+ 2 0 .0
1,034.991
885,821
+ 11.2
440,356
532,915
358,733
+ 32.7
615,000
2,288,169
_____
2,896.934
534,993
641.973
_____
87.369,166
+ 21.5
89,887,607
25.900.409
+ 29.0
38,009,980
21,986,520
24,781.869
+ 21.5
9,417,647
+ 15.7
11,703,179
9.559,323
12,123,762
+ 17.1
6,975,913
+ 21.9
8,789,289
3,976,370
+ 14.7
4.943,365
+ 13.7
2,571,841
2,986,581
1,877,287
+ 19.1
2,436,992
1,186,693
+ 19.0
1,277,908
1,003,198
1,463.072
+ 8.8
848,382
1.104,019
+ 15.4
550.000
715.000
— 0.4
531.223
+ 20.0
568,751
519.090
+ 21. S
607.319
257.711
+ 23.1
447.224
1.028.339
1,136,437
_____
88,189.956
+ 21.5
113,094.747
52.678.782
58.760,745
+ 9 .6
16,389,401
16.745.0S2
+ 1.0
11.670.751
11,663,238
+ 4.6
12,030,204
14.380.792
+ 27.8
7.999.000
6,500,000
+ 15.2
5.933,019
5.092,188
+ 7.3
5,251.491
6.819,660
— 5.9
4.597.600
3,569,862
+ 13.9
3,353,286
3.133,434
+ 1.4
3.800,000
2,777,242
— 0.03
2.674,923
3,694.370
+ 3 4 .9
2,529,462
2,181,111
+ 18.7
3.100,000
1,981,393
+ 5.7
2,057,167
1.669,057
+ 1 9 .S
1,392,841
1,340.382
+ 7.7
1,634.370
+ 14.4
1.380,408
1.043,863
1,004,512
+ 17.6
1.327.631
1,054.755
+ 14.2
+ 4 .1
1,471.374
1,141,791
1.003.353
+ 19.9
1.277.607
+ 19.9
765.082
828.921
— 13.8
400.000
450.000
+ 32.0
400.000
482,174
+ 6.0
+ 56.8
695,138
874', 151
138,348.094
+ 9.6
154.043.514
— 4.6 2,499,103,446 2,942,409.774
+ 9 .6 1,096,151.535 1,018,469,705
Inc. or
Dec.
-1 7 .1
— 9.1
+ 8 .9
+ 8 .4
+ 12.S
— 2.6
+ 14.9
— 17.2
+ 8.6
+ 39.8
+ 11.9
— 12.0
+ ‘7.9
+ 1.2
+ 23.1
+ 14.8
+ 5.1
+ 6.1
— 5.3
1905.
1904.
$
$
1,603,904,695 1.353,708,092
141.483,419 106,708,689
30,304,969
46,946,128
24,592,828
20,826.448
6,478,460
6.119.363
4.448,883
4.025,653
4,448,059
4,104,452
2,809,391
2.558,239
1,660,765
1,678,884
1,287.508
1,018.003
1,020,243
1,127.791
1.161,590
967,548
993,635
884,808
813,498
669,389
479,900
457,049
332,523
472,535
402,307
388.185
449,100
369,500
251.333
198,753
:::::::
____. . .
*4-9*8
— 24.2 1.844,221.825)1.542.340.790
— 8.1
134,516.545
113,373,184
+ 5.9
6,289,300
6,201,100
— 10.3
4,198,013
2,482,842
— 3.6
2.137,325
2.005,261
+ 7.4
1.987,189
1,638;699
+ 16..2,
1.233,563
2.061.944
+ 18.3
1,362.363
1.155,579
+ 14.4
767.412
474,745
588.849
— 1.1
510.610
+ 16.2
355,849
376,657
482.362
— 15.8
475,138
— 6.7
154,746,651
129.926,969
+ 18.2
191,434.525
170,963,310
+ 9.8
19,115,350
22,703.200
+ 19.4
12.607,153
14,323,438
+ 15.2
10,965,602
9.576.985
+ 18.8
7,996,247
8,475,066
+ 8 .6
6.591,916
6,098.021
+ 13.8
4,842.900
4,794,400
— 1.4
3,411,112
3,835,719
+ 18.8
3,268,538
2,472,273
+ 2 5 .0
' 1,951.758
1.916.173
+ 2 5 .0
1,571,031
1,621,738
+ 2 1 .0
1,307,439
1,123,396
+ 2 .2
718.376
704,702
+ 14.5
828,279
741.898
+ 1.3
745.055
+ 16.4
426,200
402,000
+ 8.5
494,824
407,894
+ 104.0
647,725
508,325
+ 8 .2
501.237
446.056
— 6.1
352.145
374,835
______
+ 13.8
362,415
+ 6 .6
301,057
314.121
+ 17.5
377,200
308.003
+ 2 6 .2
327.550
321,033
+ 6.7
343,101
208.875
+ 25.6
204.632
241.000
+ 12.9
302,0S0
204.820
+ 35.9
202,754
216.710
+ 11.8
145.996
81.762
+ 17.0 274.120.491
250,869.748
— 4.9
31.068.736
36,838,517
+ 0 .3
5,342,201
8.767,850
+ 5.5
4.909.533
5.700.000
+ 1 3 .3
4,491,179
4,511,881
+ 25.2
3.757,435
2,820.218
+ 3 8 .9
3,113,143
2,568,984
+ 13.1
3,166,940 . 2,578.055
+ 16.8
745,929
413,328
+ 21.0
506,748
537,384
+ 71.4
308.516
279.978
— 21.0
___. . . .
— 16.7
_______
_______
+ 2 .9
07.396,257
55.120,298
+ 46.8
24.076,112
21.532,865
+ 12.7
22,692.684
23,789.500
+ 2 4 .3
8,599.361
8.110.212
+ 26.8
7,754,438
6,538.154
+ 2 6 .0
6,679.781
5.307.952
+ 24.34,282,416
4,706.014
+ 16.1
2.253.503
2,197.991
+ 2 9 .8
1.684,195
1,369,468
+ 7.7
1,100.000
1.137.177
+ 45.8
757.994
969,879
+30.1
522.477
575.722
+ 3 0 .0
497,805
412.245
+ 7.1
378.115
440,276
+ 17.0
385.064
+ 73.5
211,887
220.912
+ 10.5
_______
_______
+28 2
77,209.029
81,975,170
+ 11.5
49,496,519
52.523,578
+ 2 .2
15,962.126
14.158.921
— 0.01
10.276,383
10,742,339
+ 19.5
11.500,060
11.071,066
— 18.7
7.533,000
7,385,500
+ 1 6 .5
6.182.252
4,622,670
+ 18.4
7,337,577
5.311,054
+ 2 8 .8
3,773.161
3,657,154
+ 7.0
3.865.818
3,438.644
+ 36.8
3.278.912
2,562,560
1.826.437
+38.1
2.782,321
+ 16.0
1.805.057
2,142,640
2,603,612
+ 56.5
3.327,916
1,261.863
+ 23.2
1,699.882
______
1,025,140
+ 3.9
959.929
+ 18.4
1,149.634
668,359
897.970
+ 3.9
586,783
940.639
+ 25.9
1,429,9S1
1,565,6-16
+ 28.9
664,991
916,437
+ 27.3
921,757
831,876
— 8.9
_______
------+ 12.5
373,226
345,912
+ 20.5
_______
+ 2*5*8
130,215.761
134,591,481
+ 11.3
— 15.1 2.552.676.155 2,190.058,315
948.771.460
836.350,223
+ 7.6
Table Clearings by Telegraph and Canadian Clearing* on Page 837.
826
THE CHRONICLE.
OUR BANKERS’ CONVENTION NUMBER.
With to-day’s issue of our paper we send to the
reader our “ Bankers’ and Trust” section, or supple
ment. This publication is devoted to a report of the
Convention of the American Bankers’ Association
held at Atlantic City last week. The proceedings of
that convention were of unusual length, but we give
them in full, including the various committee reports,
as well as the work of those auxiliary groups—the
Trust Company Section, the Savings Bank Sec
tion, and likewise, for the first time, the Clearing
House Section.
We also send to our subscribers to-day our monthly
“ Bank and Quotation” Section.
THE FINANCIAL SITUATION.
President Roosevelt has been delivering this week
the series of speeches which it had been previously
announced he was to make on his trip down the Mis
sissippi River in aid of the movement for deepening the
channel of that important water course. In these
speeches the President has taken occasion to reiterate
and reaffirm his well-known views regarding corpora
tions, Federal control and wealth, enlarging consider
ably bn certain points in his former utterances in these
respects. He again declares with great vehemence
that there will be no change in his policy during the
remainder of his administration. It is needless to
say: that these speeches have not had a reassuring
effect in business circles, where the adverse effects of
the Administration’s measures, methods and policies
are now becoming more manifest with each succeed
ing week. Time and again it has seemed in recent
months as if a recovery in trade were about to ensue,
but no sooner have business men taken hope in the
belief that a revival was actually at hand than Mr.
Roosevelt has come along with another one of his
rasping speeches, and thrown everything into con
fusion again.
It almost seems as if the President took delight in
showing contempt for business interests. Listen to
some of his utterances the present week: “ At inter
vals during the last few months the appeal has been
made to me not to enforce the law against certain
wrongdoers of great wealth, because to do so would
interfere with the business prosperity of the country.
Under the effects of that kind of fright, which when
sufficiently acute we call panic, this appeal has been
made to me even by men who ordinarily behave as
deeent citizens. . . .
If righteousness conflicts
with the fancied needs of business, then the latter
must go to the wall.” We think the President here
shows confusion of thought. Most assuredly he has
been urged to change his policy, but that is a different
thing from asking that he let up in the enforcement
of the law or protect wrongdoers. The two are sepa
rate and distinct matters, and it is important that the
distinction should be borne in mind. Sedulous at
tempts are being made to cultivate the idea that
Eastern financial interests do not want to see the law
enforced; that they are afraid that serious consequences
to them would ensue if it were enforced, and that the
opposition on their part to Mr. Roosevelt’s policies
is based on nothing but his supposed determination
to give effect to the laws. This is a mistake. No
man in the financial or business world worthy of the
[V o l .
lxxxv
.
name would urge such a course upon the President,
who is sworn to execute the laws and who would be
failing in his duty as well as violating his oath of office
if he entertained suggestions of that kind. It is also
the President’s duty to eradicate abuses if such exist,
and business interests would be the last to find fault
with him on that score.
Confidence in the financial and mercantile world has
become completely undermined, but not because there
is fear of the consequences of a sincere and impartial
administration of the law. What is feared is a strained
and forced construction, which would make the law
an instrument of oppression. The business world is
also afraid that the President may succeed in having
many of his views regarding corporations and capital
and wealth incorporated in the statutes by legislative
enactment or through judicial determination. He
succeeded last year in having Congress enact the Hep
burn Rate Bill, conferring extraordinary powers upon
a small body of men, and this new law is one of the
elements contributing to the existing depression;
for no one knows how this new law is going to work
out. Railroads and shippers alike are yielding obedi
ence to it; no one is seeking to prevent its enforcement;
but every one is solicitous regarding its possible
effects.
Another thing that is giving concern is the Presi
dent’s constant urging of Federal control not only of
railroads but of industrial corporations generally.
It is feared that such control would take these prop
erties out of the hands of their owners and put them
completely at the mercy of Government officials or
Government bureaus. No less alarm is felt with ref
erence to the President’s insistence that the courts
must abolish strict construction of the statutes and
constitutional provisions and read into them a mean
ing they were never intended to have. His views with
regard to how the Inter-State Commerce clause of the
Constitution should be construed are well known, and
latterly he has also endeavored to find aid in the
Post Roads clause. Only this week in one
of his speeches he made a plea for “ constructive juris
prudence,” which means that the scope of judicial
construction should be broadened so as to give the
Central Government constantly augmenting powers,
and that no one could tell at any time what meaning
a Constitutional provision or a statute had. There
would in such an event be never-ending uncertainty.
Legal precedence would no longer count for anything
because the moment a certain line of decisions became
unsatisfactory to the governing authorities, the de
cisions would at once be changed. In other words, we
would have legislation by judicial construction instead
of by the duly elected representatives of the people
in national or State legislative halls.
Furthermore, no one can feel sure that Mr. Roose
velt may not attain his end and have the plan of “ con
structive jurisprudence” carried into effect. For the
power lies largely in his own hands. The lower Federal
judges are mostly holding fast to legal precedents. But
what will be the attitude of that final appellate tribunal,
the United States Supreme Court? This is a body of
limited membership and the President holds the ap
pointing power. We do not for a moment suppose
tl.at Mr. Roosevelt would attempt to influence the
judgment of that hono^d tribunal, but it is too much
to suppose that in selecting men for vacancies on Ike
O ct 5 1907.)
THE CHRONICLE.
Supreme Court, bench he would appoint judges op
posed to his own views. The last vacancy on the
bench, it will be remembered, was given to a member
of the Cabinet, Attorney-General Moody, before whom
will come for review some of the cases which the De
partment of Justice has been prosecuting in the courts.
It is also urged that Mr. Taft, the Secretary of War,
in case he should fail to get the Presidency as suc
cessor to Mr. Roosevelt, will again be offered an ap
pointment to the Supreme Court bench should another
vacancy occur in that Court before the expiration of
Mr. Roosevelt’s term.
The importance of the personnel and composition of
the United States Supreme Court will be recognized
when the case of the $29,000,000 fine against the
Standard Oil Company is recalled. The Judge in that
case announced some new and startling legal proposi
tions. He declared that motive or intent counted for
nothing in determining the guilt of a defendant; that
in inflicting fines or penalties a court can go behind and
beyond the offending corporation and inflict punish
ment on the ultimate owning corporation. In effect,
also, he announced that it was within the power of
a trial judge to impose a fine so large as to take the life
of the offending corporation. Finally he laid down
the rule that a shipper before accepting a rate quoted
to him by a carrier must first assure himself that the
carrier has filed the rate in the proper way with the
Inter-State Commerce Commission. As we have pre
viously pointed out, if the Oil Company was guilty at
all, it was guilty only of a technical violation of the law.
The rate paid by it was a rate which had been con
tinuously in force for about a dozen years and a rate
also which was in effect on two other roads.
It will hence be seen of what decided consequence
it is .to know whether these novel legal propositions
are to be sustained by the Court of final jurisdiction,
whose complexion it is within the power of the coun
try’s Chief Executive to control. If these doctrines
are upheld, then it will be within the power of any
complaisant inferior judge to impose equally excessive
fines, for merely trivial or technical offences, upon
other corporate shippers and upon the railroads too.
In that event the regulation by Federal statute of
railroad and other corporations will thereafter possess
only an academic interest. All that will be necessary
will be to bring complaints, get the judges to impose
lines large enough to confiscate the property of shipper
and carrier alike and soon, through the collection of
these, fines the Government will own all the railroads
in the country, and all the industrial corporations too.
Add to this the President’s constant declamations
against “ swollen fortunes” and “ predatory wealth,”
his advocacy of a graded income tax and a progressive
inheritance tax, his desire to see the law of master and
servant changed, and the influence which his example
has had in inducing politicians, big and little, in the
Various States to trail in his footsteps, with the result
that the whole country Is engaged in an anti-railroad,
anti-corporation and anti-capital crusade, and we have
the reasons for the loss of confidence which prevails.
These in truth are the things that are disturbing the
business world—not fear of the honest execution of
the laws or the eradication of evils and abuses.
827
don at figures fractionally below’ those at which gold
could be profitably shipped from the British capital
to Paris, This rate will account for the withdrawal
by French bankers this week of £350,000, as well as
in the previous week of £550,000, of the metal which
was then procured, partly by French and by German
bankers, through purchases of South African gold
that was offered in the London bullion market. There
has latterly been quite free selling in London by French
bankers of securities, presumably consisting of copper
and other metal stocks, which have been depressed in
value because of the fall, particularly in the former, of
such properties in our market . As the result of these
sales, exchange has been drawn on London, thus caus
ing the above-noted fall in rates to and below the goldimporting point. It may be that the development of
some tension at Paris incident to the Moroccan im
broglio contributed to the initiation of the selling
movement in securities in London by French bankers,
and possibly expectations of withdrawals of gold from
Paris for shipment to Egypt may have led to continued
selling of securities and to the consequent fall in ex
change on London.
Another feature of interest this week has l^een the
somewhat urgent demand for exchange for remittance
hence to London in settlement of maturing finance
bills, which inquiry, together with that to remit in
payment for securities sold for London account,
caused a sharp rise in all classes of exchange. It will
be remembered that at the beginning of July there
were such large amounts of American finance bills ne
gotiated in London as to create serious apprehension
lest they cause exports of gold from London to New
York. British bankers were urged to restrict their
acceptances of finance bills in order that the threat
ened danger of gold exports might be averted; but
before effective action in this direction was taken con
siderable amounts of such bills had been negotiated;
these presumably are the drafts which are now matur
ing and are being settled for because of the indisposi
tion of British bankers to extend them. Moreover,
these finance bills had pledges of securities as collateral,,
which securities now are in disfavor for the reason that
they have depreciated in value on account of the per
sistent attacks upon corporations that have made un
certain the prospective worth of all American proper
ties; hence, the insistence for payment of the finance
bills instead of their extension.
It may be observed that, while finance bills repre
senting loans upon securities were discriminated against
in July, drafts, known as loan bills, which were made
in the expectation of being covered with the proceeds
of bills drawn against cotton and grain, were more or
less freely drawn; these, as they mature, will either be
paid or extended, as may suit the convenience of the
parties negotiating them; the majority of these drafts
will, however, not fall due until late in the current
month.
The Imperial Bank of Germany on Wednesday re
ported a decrease of about 7 million pounds sterling
of cash and an expansion of 19% million pounds i»
circulation. A loss of cash and a gain in notes has
been expected to be shown by the October statement
for some time, as noted in the “ Chronicle” ; so great
changes as those now reported have, however, bee»
One interesting feature the present week was the scarcely looked for. Commenting upon the Imperial
maintenance of the rate for exchange at Paris ©n Lon Bank's condition as of Sept. 14, one of the Luadw
8*28
THE CHRONICLE.
financial papers showed that the cash on hand on that
day was 48% million pounds and, under the law, the
Bank was entitled, on this showing, to have a permis
sible issue of 146 1-5 million pounds in notes, of which
72% millions could be emitted without paying the
required tax of 5%; on the 14th ultimo, however, the
notes actually issued were 70 1-3 million pounds, so
that the circulation was 2 million pounds under the
legal maximum. The Bank has now, as above stated,
increased its note issues by 19% million pounds, while
its cash holdings have been decreased 7 millions. It
would seem, therefore, that the time has arrived when
the Bank must either increase its cash or reduce its
volume of note issues; possibly, though, there may
be no urgency in the latter operation, and the return
of the notes to the Bank may be awaited.
Gold-mining results in the Transvaal do not seem
to bear out the fears expressed at the time repatriation
of the Chinese was under discussion. It will be re
membered that considerable doubt existed as to the
ability of the mine owners to replace with native labor
the deported coolies, and that in consequence the
volume of gold produced would fall off appreciably.
The decrease in June, when repatriation really began,
was pointed out as an example of what was to be ex
pected. Of course the process of getting the Chinese
out of the country has not yet progressed very far,
but no ill effects are yet discernible, the loss in August
having been made good by a corresponding gain in
Kaffir (native) labor. Moreover, the output of gold
from the mines for August reached the record monthly
total of 555,027 fine ounces, and cable advices this
week are to the effect that the September yield is
unofficially estimated at 540,000 fine ounces. This
total, while 15,000 ounces less than that for August,
indicates a larger daily average output, for not only
did August contain one more day but also one less
Sunday, making the working days 27 against 25.
It would therefore appear that the average daily pro
duction in September exceeded by 1,000 fine ounces
that for August, the comparison being between 21,500
and 20,500 fine ounces. This does not look as if the
repatriation of the Chinese will affect adversely the
progressive working of the world’s richest gold fields.
Commercial failures for the month of September
and the nine months of the calendar year 1907, as we
gather from the statements compiled by Messrs. R. G.
Dun & Co., measured by the aggregate liabilities of
the insolvent firms or corporations, compare unfavor
ably with similar periods in either 1906 or 1905. For
the month the total liabilities reach $18,935,227, or
over three times the aggregate in September 1906,
which was $6,255,955. As has been shown from
month to month heretofore in the current year, the
large increase recorded is due almost wholly to em
barrassments in the manufacturing industry.
Failures for the nine months of 1907, while less in
number than for the corresponding period of most
recent years, show liabilities in excess of any year
since 1897, the total being $116,036,348, which com
pares with $84,660,237 in the nine months of 1906
and $76,234,028 in 1905, manufacturing disasters
accounting for $62,783,957 of this year’s aggregate
against only $30,409,976 in 1906. It is therefore
clear that in other branches of business the situation
[V o l .
lxxxv
.
has by comparison been distinctly favorable. In fact,
we find that while in the trading division a slight in
crease in liabilities is recorded in the nine months of
1907, this is more than offset by a decline in liabilities
among what are classed as brokers, &c. It is pointed
out, moreover, by Messrs. Dun & Co. that suspensions
of banking and other financial institutions in the nine
months of 1907 reached only 20 in number, with debts
of $12,945,669, whereas last year the bankruptcies
were 45, involving $13,887,100.
In going over the details of this year’s statement,
attention is naturally drawn to the fact that in New
York State alone the liabilities of failed firms were
$47,855,328 for the nine months, or more than 41%
of the country’s aggregate; whereas in 1906 the Empire
State contributed but a little over 15% of the total.
Outside of this State, therefore, the combined liabilities
were less this year than last. The West, in particular,
makes a very favorable comparison with 1906, im
portant decreases being recorded by the Southwestern,
Central Western and Far Western groups of States.
On the Pacific slope large failures in Washington and
California are responsible for a less satisfactory show
ing than last year, liabilities in New England exhibit
an increase, owing to disasters in Massachusetts and
Connecticut, and a slightly larger total is recorded at
the South.
Cotton was reported upon officially by two depart
ments of the General Government on Wednesday of
the current week. The Census Bureau of the Depart
ment of Commerce and Labor made public at 10 a. m .
a statement showing the amount of the staple ginned
to Sept. 25, while an hour later the Department of
Agriculture issued its report on condition as of the
same date. The first of these reports, as we have
heretofore pointed out, being merely an indication of
the portion of the crop brought to a marketable con
dition up to a certain date, and covering a very short
period, merits no special comment; so we dismiss it
from further consideration by calling the reader’s
attention to the data which appear in our cotton de
partment to-day. The reports on condition, however,
furnish information of real importance and interest
to all who have anything to do with cotton, either as
producer or consumer, and their time of issue is
awaited therefore with more or less anxiety.
The particular report w'hich we are now discussing
— that showing condition as of Sept. 25— came, as
did all those which have preceded it this season, as
somewhat of a surprise to cotton circles, the average
condition for the whole country as given (67.7) being
rather above general expectations. The condition in
Texas showed a decline of 7 points since August 25,
but the trade was fully prepared for official information
of material deterioration in that State by private ad
vices of droughty conditions during the month. But
in other sections the decline in condition was less im
portant than has been usual at this season of the year,
and when it was realized that for the United States
as a whole the average was fully up to the mean of the
preceding ten years, apprehension of a decided short
age in yield was quickly allayed and the markets for
cotton became easier. As we have remarked on many
former occasions, however, we are yet far away from
the time at which the hazarding of crop estimates is
feasible. The crop is assuredly late over most of the
O ct . 5 1907.j
THE CHRONICLE.
area and the time of occurrence of killing frost, is there
fore, an addedly important element in any considera
tion of the extent of the yield. But, waving aside all
considerations except the matter of area and present
condition as reported by the Department, no shortage
of supplies is to be apprehended.
The presence in New York at this time of a large
body of delegates from the International Federation
of Master Cotton Spinners’ and Manufacturers’ Asso
ciation of Europe to a cotton conference to be held
at Atlanta, Ga., next week, lends interest to anything
that may be said on the subject of prospective con
sumption of cotton, and particularly of the American
variety. Evidence does not appear to be lacking that,
while the cotton goods trade as a whole is in good
shape, the consumption of the raw material has for
the time being reached its flood. We do not mean to
say that any serious decline in the volume of cotton
used annually impends, for that would be far from
what present indications portend. But there seems
to be evidence that, notwithstanding the present
active operation of mills in America and Great Britain,
demand for goods is less urgent than recently, that
stocks are not small, and that consequently,in those
two countries at least, a slightly smaller consumption
of cotton is probable this year than last—not an
unusual situation with a quieter feeling pervading
most other lines of industry.
On the Continent, however, as we gather from some
of the prominent delegates now in New York, the
situation is somewhat different. Spinners are claimed
to be well under engagement for periods covering
almost Jhe whole of the season 1907-08 with the pro
duct of the looms bespoken seven or eight months
ahead in many cases. Furthermore, it has been
pointed out that, while the spinning of finer counts
(now a feature on the Continent, as elsewhere,) will
make a saving in the amount of cotton needed to
supply existing spindles, that saving will be fully
offset by the starting-up of new spindles, of which
many are expected to be put in operation in the near
future. From what we can gather, therefore, the
Continent, in contradistinction to America and Great
Britain, is counted upon to maintain in 1907-08, or
to improve upon, the volume of consumption of
1906-07.
Coincident almost with the arrival in this country
of the International Federation delegates has been
the making public of the results of the census of cotton
consumption and mill stocks for the year ending
August 31 1907, made by that organization in con
junction with the United States Census Bureau. The
statement issued by the Federation for 1906-07 covers
all but about 10 millions of the 123 million spindles
contained in the world’s mills, and actual returns from
98,500,000 spindles were received, the remainder being
carefully estimated. The first result the statement
discloses is that the aggregate consumption of cotton
in Europe and America in 1906-07 was 14,909,000
bales, of which 11,668,000 bales American, 1,768,000
bales East Indian, 617,000 bales Egyptian and 856,000
bales sundries. The total as given above is, of course,
in bales of ordinary weights, but, reducing the various
growths to bales of 500 lbs. net average, we reach an
aggregate practically identical with that given in our
annual cotton crop report, which was 14,310,000
829
bales. A striking feature of the 1906-07 compilation
is the phenomenal increase shown in the consumption
of East Indian cotton (largely on the Continent), the
total advancing from 986,000 bales in 1905-06 to
1.768.000 bales in 1906-07. But greatest interest
attaches to that portion of the report covering the
invisible supply (mill stocks). It seems that the
aggregate for Europe and America reaches the impos
ing figure of 3,335,000 bales (or enough to nearly
supply three months’ consumptive requirements),
against only 1,896,000 bales on August 31 1906. The
stock of cotton at American mills is placed at 996,000
bales against 687,000 bales a year ago. European
holdings in the two years being respectively 2,339,000
bales and 1,209,000 bales. Of the total stock this year
2.074.000 bales is American against 1,371,000 bales a
year ago. With such large stocks on hand it is not
to be expected that there will be any great avidity
to make large purchases from the new crop of Ameri
can cotton except upon what may be considered a
favorable price basis. In the light of the Govern
ment’s condition report and this large stock showing
by mills, the absurdity of advice to hold cotton for
15 cents becomes apparent .
The banquet tendered by the New York Cotton
Exchange to 120 delegates of the International Federa
tion on Wednesday evening at the Waldorf-Astoria
was in every .sense a notable and enjoyable occasion.
It permitted an exchange of ideas that should do
much to make the visit of the delegates highly suc
cessful, and evidently struck the key-note of some of
the subjects that will come up for discussion at Atlanta
next week. An address of welcome was delivered by
Mr. S. T. Hubbard, in which many points of interest
were touched upon, including a very .lucid and con
vincing defense of future delivery dealings. Main in
terest, however, centred in the remarks of the visitors.
Mr. C. W. Macara, in responding on behalf of the
foreign spinners, referred to the formation of the
Federation in 1904 and the reasons impelling it. His
remarks also covered the efforts being made to en
courage cotton cultivation in countries other than
America, and included predictions of a large increase in
yield, particularly .in India. Mr. Macara expressed
the belief, furthermore, that the middle man was, is,
and always will be,necessary to the cotton business.
He characterized as foolish the talk of spinners and
planters coming together to wipe out the middle man,
and hoped such absolutely nonsensical talk would soon
cease. Mr. Arthur Kuffler, a leading Austrian spinner,
while agreeing in the main with Mr. Hubbard’s re
marks on speculation, &c., reprehended mere gam
bling in cotton. The visit of the delegates to New
York and the South is expected to be productive of
good and lasting results.
The feature of augmenting expenses is becoming in
creasingly prominent in the returns of our railroads.
This week quite a number of statements of earnings
and expenses have come to hand for the month of Au
gust, and in the case of several large corporations the
augmentation in expenses has been of such magnitude
as to wipe out entirely very noteworthy increases in
the gross, leaving, therefore, a reduction in the net.
The Atchison Topeka & Santa Fe is a conspicuous
instance of the kind. This road added $727,452 to
830
THE CHRONICLE
the total of its gross for August last year, but operat
ing expenses rose no less than $1,265,842; consequently,
the net earnings have fallen $538,390 behind. The
experience of the Pennsylvania Railroad has not been
quite so bad as this, but nevertheless its increases in
expenses have also been very striking. Gross earnings
continue to rise in a veiy noteworthy way, the gain
for the month on the lines directly operated east of
Pittsburgh and Erie having reached no less than $2,409,900. This gain, however, was attended by an
augmentation in expenses in the sum of $2,050,300)
leaving only $359,600 increase in the net. For the
eight months ending Aug. 31 these Eastern lines show
$13,917,800 gain in gross but only $1,076,000 gain in
net. On the Western lines the showing for August is
an increase of $1,272,600 in gross with $517,100 in
crease in net. For the combined lines, therefore, the
result for August is an improvement in the gross in
the large sum of $3,682,500, with a gain of $876,700 in
net. It is proper to say that in August last year the
feature of increased expenses was also very conspicu
ous, the combined lines then recording $1,880,800 im
provement in gross with only $540,400 gain in net.
In the following we show the gross and net earnings
for the past six years on the lines directly operated
east of Pittsburgh and Erie, being the only portion of
the system for which we have the data for such a
comparison.
L in a East 0/
Pittsburgh.
t
1907.
1906.
|
1905.
1904.
j
1903.
1902.
August.
OJross earnings.
O per. expenses.
$
I
$
%
s
!
*
I
$
15,522,399-13,112,49911,914,890 10,299,89011,041,290 10,106,990
10.321,729* 8,271,429, 7,471,429 6,186,228! 7,079,628 6,264,528
Net earnings.
5,200,670v 4,841,070| 4,443,470j 4,113,662] 3,961,662 3,842,462
Jan . X to A u g. 31
1
1
1
Gross earnings. 109,264,013 95.346,213184,673.613 76.476,669182,191,969 73,298,369
Oper. expenses. 79,674,189:66,832,389161,191,389 54,105,113 56,981.513 48,178.313
Net earnings.
quently rates for call money rose and a good demand
developed for short-time contracts.
Money on call, representing bankers’ balances,
loaned at the Stock Exchange during the week at 10%
and at 3%, averaging about 5%; banks and trust
companies loaned at 3% as the minimum. On Mon
day loans were at 6% and at 4% with the bulk of the
business at 4%. On Tuesday transactions were, at
6% and at 3% with the majority at 4% . On Wednes
day loans were at 10% and at 4 ^ % with the bulk of
the business at 6%. On Thursday transactions were
at 8)4% and at 3% with the majority at 6%. On
Friday loans were at 63^% and at 3% with the bulk of
the business at 6%. Time loans on good mixed
Stock Exchange collateral were in urgent request for
all maturities. Rates were 5% @ 6 % for sixty and
6@63^% for ninety days to six months. There
was an indisposition
manifested by borrowers
to pay the high rates for over-the-year periods,
but lenders were
unwilling to
make con
cessions. The business in commercial paper was fair
and the demand came principally from the East and
from near-by points, and one feature was an iaquiry
from small banks in neighboring States which sought
paper in lots less than those usually drawn by mer
chants. So far as regards the purchases of Eastern
paper by Far Western banks, brokers say that while
such investments may be important in the aggregate,
they reflect only conditions in special localities; many
of our local banks are re-discounting Western paper
.for their correspondents to a larger extent than usual.
There is no business reported by commercial note
brokers below 7% for the best names; this is the quo
tation for sixty to ninety-day endorsed bills receivable
and for choice four to six months’ single-name paper.
29.589,824^28,513,824j23,482,224j22,371,55625,210,456 25,120.056
There was no change in official rates of discount by
any of the European banks this week; compared with
last week open market or unofficial rates were y% of 1%
higher at London and at Paris and % of 1%
lower at Berlin and at Frankfort. It may seem re
markable, considering the fact that the Imperial Bank
of Germany showed in its last statement a decrease of
about 7 million pounds sterling in cash and an ex
pansion of 19% million pounds in circulation, thus
disclosing a highly unfavorable condition, that dis
counts in Germany should not have indicated much
tension; on the contrary, the open market rate, as
above stated, was easier than in the previous week.
The explanation of this apparently anomalous con
dition, as regards discounts, is that those this week
quoted represented the business of the new quarter,
whereas those that were quoted a week ago applied
to spot transactions.
The statement of the New York Associated Banks
last week showed a loss of $3,216,000 cash. This
had more or less of an unfavorable effect on the money
market, especially so because of the prospective re
quirements incident to the October settlements and
also to the payment of a comparatively large install
ment of about 12 2-3 milliohs on new stock of the
Northern Pacific Railroad, The transfers of funds
through the Treasury to interior points began to be
important early this week, and there was evidence of
4irt>et shipments by some of the larger banks. Conse
[V o l . u x x x y .
The Bank of England rate of discount remains un
changed at 4 ^ % . The cable reports discounts of
sixty to ninety-day bank bills at London 4%. The open
market rate at Paris is 3% @ 3 % % and at Berlin and
Frankfort it is 5@5^s%. Accordingto our special cable
from London, the Bank of England lost £1,661,829
bullion during the week and held £37,106,838 at the
close of the week. Our correspondent further advises
us that the loss was due principally to exports to Egypt
and shipments to the interior of Great Britain. The
details of the movement into and out of the Bank
were as follows: Imports, £234,000 (of which £5,000
from Paris and £229,000 bought in the open market);
exports, £850,000 (of which £700,000 to Egypt,
£100,000 to Constantinople, £30,000 to South America
and £20,000 to Roumania), and shipments of £1,046,000 net from the interior of Great Britain.
The foreign exchange market was generally strong
this week and it was not affected until after Wednesday
by the higher rates for money. There was a good
demand early in the week for exchange to remit in
settlement of maturing finance bills. This was fol
lowed by an inquiry for the remittance of October
interest and dividends on American securities held
abroad and also to pay for stocks, chiefly copper, that
had been sold for European account, the disturbed
condition of the foreign markets for such properties
resulting in quite general liquidation. The monthly
settlement on the Paris Bourse appeared to be a de
ranging factor, causing free selling in London, and as
F r i.. I M on ., T u ts.,
Sept. 27\Sept. 30 Oct. 1
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
83
86>i
83
86H
83
87
83
87
83
87
83
86>$
83
86J4
83
87
83
83
86H
86H
83
83
86*4
86H
&3
83
87
87
83
83
87
87
83
L 83
87
„ 87
83
83
86J4
86«
83
83
86^
86J4
83
83
87
87
W ed ..
Oct. 2
Tftur.,
Oct. 3
P H .,
Oct. 4
83
86^
83
86H
83
87
83
87
83
87
83
86^
83
86H
83
87
83
86H
83
86>*
83
87
83
87
83
87
83
86^
83
86H
83
87
83
8HH
83
86H
83
87
83
87
83
87
83
86J4
83
86J4
83
87
The market closed on Friday at 4 8225@4 8240 for
long, 4 8580@4 8590 for short, and 4 8675@4 8685
for cables. Commercial on banks 4,8190@4 82, and
documents for payment 4 813^@4 82%. Cotton for
payment 4 81% @4 81%, cotton for acceptance
4 8190@4 82, and grain for payment 4 82% @ 4 82%.
The following gives the week’s movement of money
to and from the interior by the New York banks.
,
TKceA; ending Oct. 4 1907.
Gold , _____________ ______________
Total gold and legal tenders______
Recctved by
Shipped by
N . Y . Banka. N . Y . Banks.
N et Interior
Movement.
$5,534,000
640,000
$8,258,000 Loss
1.842,000 Loss
$2,724,000
1,202,000
$6,174,000
$10,100,000 Loss
$3,026,000
With the Sub-Treasury operations the resultJisfas
follows.
Banks’ interior m ovem ent as a b o v e ..
Total gold and legal tenders_____
Into
Bariks.
Out 0/
Banks.
$6,174,000
28,300,000
$34,474,000
N et Change Ui
Bank Holdings.
$10,100,000 Loss
29,300.000 Loss
O
©
W eek ending O ct, 4 1907.
CO
this seemed to threaten withdrawals of gold from the
British capital to Paris, London bankers disposed of
their holdings of American stocks in the expectation
(whieh was realized) that thereby the New York
exchange would be turned in favor of London. At
the same time these bankers insisted upon the pay
ment of finance bills which were falling due, de
clining to renew them under any circumstances.
The demand on Saturday of last week was principally
for cables incident to the quarterly settlements at
Paris. This class of exchange was also in request on
Monday, and notwithstanding a liberal supply of cot
ton bills, long and short sterling were in demand for
the Tuesday steamer. Commodity drafts decreased
in volume on the following day, contributing to the
maintenance of a strong tone for exchange, and one
feature was an inquiry to cover the short interest in
the market, which had developed as the result of
speculative selling. On Thursday the relaxation in
the demand for remittance and a better supply of
cotton bills, together with dear rates for money, caused
asharp break in exchange, and the tone was easier until
Friday, “when a demand for cables to cover short con
tracts affected the whole list, and the market closed firm.
Compared with the previous day the market on
Saturday of last week was 20 points lower for long at
4 8185@4 8190, 10 points for short at 4 8525@4 8530
and 5 points higher for cables at 4 8615@4 8620. On
Moftday long fell 10 points to 4 8175@4 8180, while
short rose 30 points to 4 8540@4 8560 and cables 5
points to 4 8610@4 8625. On Tuesday the market
was quite strong at an advance of 50 points for long
to 4 8225@4 8230, short 35 points to 4 8575@4 8580
and cables 20 points to 4 8640@4 8645. On Wednes
day long was 5 points higher at 4 8230@4 8235, short
20 points at 4 8585@4 86 and cables 5 points at
4 8645@4 8650. On Thursday the tone was weak
and long fell 20 points to 4 8210@4 8220, short 25
points to 4 8560@4 8565 and cables 20 points to
4 8620@4 8630. The market was firm on Friday at
an advance of 20 points for long, of 25 points for short
and of 55 points for cables.
The following shows daily posted rates for sterling
exchange by some of the leading drawers.
Brown
j 60 days
Bros. * C o______ ..1 S ig h t..
Baring
J 60 days
& O o____________ . .l S l g h t - .
Bank British
/ 60 days
North Am erica___
Bank of
J 60 days
Montreal________
Canadian Bank
J 60 days
o f Com m erce____ -.1 S ig h t-.
Heldelbach, IckelJ 60 days
hcimer & C o_____ . . 1S ig h t..
Lazard
J60 days
Frcres . - ................
Merchants’ Bank
/6 0 days
of Canada-......... -
831
THE CHRONICLE.
©OT. 5 1907. J
Loss
$3,926,000
1,000,000
$4,926,000
The following table indicates the amount of bullion
in the principal European banks.
* Bank ol
Gold.
E n g la n d ..
France . .
Germany a
R u s sia ___
Ausi-Hunb
Spain . . . .
Ita ly _____
N eth’l’ ds .
Nat.Belg.a
Sweden . .
Silver.
Total
|
Gold.
Silver.
Total.
£
£
£
£
£
£
31,634,753
37,106,838
37,106,838 31,634,753
110,871,606 38,298",516 149,170,122:113,449,705 41,769,013 155,218,718
28.854.000
7.997.000 36,851,000: 26,000,000
7.765.000 33.765.000
122,540,000
5.940.000 128,480,000110,729,000 5.083.000 115,812,000
45.221.000 12.063.000 57,284,000: 46,808.000 11.939.000 58.747.000
15.553.000 25.798.000 41.351,000! 15,284,000 24.640.000 39.924.000
34.521.000
4.917.000 39,438,000, 29,647,000 3,788,500 .33,435,500
5.644,100 11.173.000
6,040,300
5,354,600 11,394,900! 5,528,900
4,679,000! 3,336,667
1,668,333
5.005.000
3,119,333
1,559,667
3.879.000
4,248,000j 3,879,000
4,248,000
T o t. week 408,075,077101,927,783 510,002,860386,297,025 102.296,946 488,593,971
Prev .week 414,757,454104,058,579 518,816,033 397,125,060 104,747,344 501,872,404
a The division (between gold and silver) given in our table o l coin and bullion
in the Bank of Germ any and the Bank ot Belgium is m ade from the best estimate
we are able to obtain; in neither case is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reporting the total gold and
sliver; but we believe the division we make is a close approxim ation.
, b Thp Austro-Hungarian bank statement is now issued in Kronen and Heller in
stead o f Gulden and Kreutzer. The reduction o f the former currency to sterling
Pounds was by considering the Gulden to have the value of go cents. As the Kronen
has really no greater value than 20 cents, ou r cable correspondent in London, in
order to reduce Kronen to Pounds, has altered the basis o f conversion b y dividing
the amount of Kronen by 24 instead o f 20.
d The total o f gold in the Bank o f Russia includes the balance held abroad—
that is. the am ount held for Russian account in other Continental banks. The
proportion so held and consequently duplicated in the above statement is about
one-quarter o f the total.
.
..
JA PAN , THE “ PACIFIC CRUISE” AND
SECRETARY TAFT.
The reception of Secretary Taft in Tokio this week,
and the very distinct and positive repudiation, by
both host and visitor, of all rumors and conjectures
of hostilities between the United States and Japan,
are among the interesting occurrences of the day.
We do not know that our versatile Secretary, in
planning this visit as a sequel to his voyage to the
Philippines and to other neighboring States, had in
mind, any more than did Secretary Root in his visits
to the South American republics, the recognized in
fluence of Europe’s interchange of royal visits on the
diplomacy of the States. The cases are, nevertheless,
in our judgment, somewhat analogous.
It is true^ the visits by Secretary Taft and Secretary
Root were made by state officers and not by a sover
eign, so that in that respect they fell somewhat in the
category of an ordinary diplomatic mission. But, on
the other hand, even a special envoy or ambassador
extraordinary cannot represent the management of
his Government as directly and personally as does a
Secretary of War or State, nor does he, as a rule,
enjoy the right to utter, at public entertainments
given to him, the final and responsible sentiments of
his own Government. In the case of Mr. Taft, the
visit to Japan seems to us to have been particularly
fortunate from his official position as the American
Minister of War. It was war between Japan and the
United States which was most discussed in the loose
and random controversy of last summer, based on the
incidents at San Francisco. Therefore, the following
statements by the Secretary, touching upon this point,
and delivered in his speech at last Monday’s Tokio
banquet, are of undoubted importance here, and must
possess very real significance in Japan:
“ Why should the United States wish for war? It
would change her in a year or more into a military
nation. Her great resources would be wasted in a
vast equipment, which would serve to no good pur
pose, but would tempt the nation into warlike polkies.
832
THE CHRONICLE
Why should she wish for war, in which all the evils of
society flourish and all vultures fatten?
“ Under all these circumstances, then, could there
be anything more wicked, more infamous, than the
suggestion of war between two nations who have
enjoyed such time-honored friendship, and who have
nothing to fight for?”
We do not [exaggerate the case when we say
that the sentiments expressed by Mr. Taft will
surprise nobody, and that they merely voice the feel
ing of the American citizens as a body. Nevertheless,
in this as in other similar cases, it was of high import
ance that so emphatic a declaration should have been
made in this official way. It is disputes and mis
understandings, of the sort which irresponsible persons
endeavored to stir up last July, which are too often
the beginning of armed hostilities between friendly
States.
We suspect that the utterances of Mr. Taft will be
read with still more interest, both here and in Japan,
in the light of the project for dispatching our fleet to
the Pacific waters. President Roosevelt, speaking
last Wednesday at St. Louis, took occasion to defend
in these words the criticisms on this mission of the
fleet.
“ In a couple of months our fleet of gweat armored
ships starts for the Pacific. California, Oregon and
Washington have a coast line which is our coast line
just as emphatically as the coast line of New York and
Maine, of Louisiana and Texas. Our fleet is going to
its own home waters in the Pacific, and after a stay
there it will return to its own home waters in the
Atlantic. The best place for a naval officer to learn
his duties is at sea, by performing them, and only by
actually putting through a voyage of this nature, a
voyage longer than any ever before undertaken by
as large a fleet of any nation, can we find out just
exactly what is necessary for us to know as to our
naval needs and practice our officers and enlisted men
in the highest duties of their profession.”
On the surface of things, the position of the Presi
dent would seem to be convincing; but matters of this
sort cannot always be judged by superficial considera
tions. The truth of the matter, which has impressed
itself on practically all conservative observers, home
and foreign, is that the sending of mon-of-war to an
unusual destination— at a time when, for whatever
cause, friction has arisen with the State into the neigh
borhood of which the fleet is ordered—must be consid
ered in a different light from the simple training of
captains and testing of naval activities, which the
President describes as the purpose of the voyage.
Scarcely a competent naval critic has failed to notice
that at least a potential significance may attach to such
a movement; and indeed one needs only to recall the
various episodes when actual friction between distant
Powers has arisen, and when as an incident to such
dispute the stronger Power has sent the fleet to appear
in the waters occupied by the other party to the con
troversy.
To have argued that the sending of our warships,
two years or so ago, to the neighborhood of Constan
tinople, was a mere trip of pleasure or of training,
would have been patently absurd, when every one
knew that disputes with the Sultan of Turkey were in
process of adjustment, and that nothing would bring
that delinquent Sovereign to terms but a show of
power at his door. When England, confronted in
three or four directions by unfriendly movements of
the Powers during 1895, suddenly mobilized its “ Fly
[V o l . l x x x v .
ing Squadron” with a rapidity which showed the per
fect training in which it held its naval forces, not one
critic, on either side of the Channel or on either side
of the Atlantic, undertook to reckon that the demon
stration was a simple “ practice experiment ” by the
Government. On the contrary, the inference was
drawn throughout the world that England had shown
her teeth, and that the whole demonstration was con
trived to impress the foreign Powers with the fact that,
if pending disputes were carried very much further,
England was ready to make trouble.
The manoeuvre had at the time its due effect, pre
cisely as did the appearance of our fleet in Turkish
waters. What now impresses us, as regards the send
ing of our battleships around to the Pacific, is that the
moment is exceedingly ill-chosen for the purpose. If
it is true, as we suppose to be the fact, that not the
slightest purpose of either threatening or overaweing
the Japanese Government exists in planning this naval
project, then it appears to us that statesmanship and
wisdom would have dictated postponement of the
cruise to a more proper and diplomatically convenient
season. The Japanese Government, true to its habit
ual conservatism, has looked on this movement with
the reserve and friendliness displayed at the time of
the San Francisco outrages, and we do not imagine for
a moment that serious results will follow. We fear,
however, that the incurring of such habits as the send
ing of possible fire-brands into a possibly dangerous
diplomatic situation might some day be attended with
serious results. This is the evil of the present incident,
and for this reason it is, in our judgment, to be re
gretted.
TAKING CONTROL A W A Y FROM THE OWNERS.
Mr. James J. Hill was reported by the “ Times” a
few days ago as saying that he “ knows” that railroad
building in this country “ is a thing of the past,” and
he would not be surprised to presently see Congress
appealed to for further construction. In this we need
not follow him closely. Yet, what Mr. Hill says of
the physical limits on wThat railroads can do, of the
harassing problem of terminals, of the fact that traffic
has been outgrowing mileage, and that construction
has stopped for the present, is only what all observant
persons know. Only a little time ago, commercial
bodies in several cities were solemnly imputing it as
a grave fault that railroads are unable to keep pace
with the traffic demands of a growing country; but,
on the other hand, from one end of the countiy to the
other there has been a ^attack upon the roads which
could not have been more simultaneous had it been
concerted.
Various attempts at explanation are made. The
trouble is said to be scarcity of money; consumption
of capital in plants not yet remunerative; “ business
headache” from rushing at too fast a pace; and now
and then some banker issues a solemn warning. At
least these may all be dismissed as being aside from
what is before every man’s eyes. Concede that for
precisely the same identical service, under the same
conditions, one shipper can never be rightfully
charged more than another; concede for argument
(what cannot be conceded otherwise) that differences
in rates between cities and shippers can never be
justified,|and that everything must go by length of
haul; concede everything which can be dragged under
O c t . 5 1907. j
THE CHRONICLE
cover of that worn phrase, “ the square deal,” and
when all is done we find that the anti-railroad crusade
does not stop with charges of individual misconduct.
It undertakes to seize control, which is equivalent to
seizure of the properties themselves. It is no longer
a scheme to prohibit and punish sins of management,
undertaken on behalf of “ righteousness” ; it proposes
to wrest control from the private owners without (as
yet) venturing to talk of Government owner
ship .
Witness the rate laws of the States from East to
West. Especially witness the Public Utilities law in
this State, which openly seizes control while leaving
with nominal owners the empty shell of ownership.
The provisions and sweep of this unparalleled law,
which is liable to be caught up and copied as other
things have been, ought to be too familiar to need
recounting. But let any man ask himself whether
he would be ready to trust his own funds or those of
others to properties which are nominally owned by
their shareholders, but are turned over, without finan
cial limit 01* responsibility, to a public commission.
Here is the test which each man can apply for himself.
Talk as you will about regulation and use all the catch
phrases which are in present vogue; would the indi
vidual man like to put his savings where he could
neither follow nor control them? If he would not,
then there need be no wonder that railroad building
comes to a halt and that orders formerly given are not
succeeded by others through all t he ramified industries
of the country.
The talk.is all of more and more regulation and cen
tralized powers. Senator Foraker has just been telling
how “ monstrous” it seems that announcement of
another forthcoming Presidential speech is made to
excite apprehension, because (as he explains) the
President will not say or do anything in which he
does not believe and he cannot do anything with out
co-operation by other departments of government.
But sincerity is not a saving virtue if the steps honestly
believed in are bad; and as to limitation of powers,
while the Senator was trying to reassure the country,
the President himself was arguing once more for gov
ernmental control of every business which deals be
tween States; that is to say, of practically every busi
ness concern in the country. Not only that, but he
was pushing one step further and declaring that “ the
chief economic question of the day in this country is
to provide a sovereign for the great corporations engaged
in inter-State business.”
In the political aspect of it, this almost takes one’s
breath away, accustomed though we have become to
startling propositions successively. If corporations
must have a “ sovereign” over them, it cannot be an
autocracy, for that is the thing most loudly denounced.
If it is to be a President, that will be a new thing.
If it is to be something above and beyond an Executive
who is to see that the laws are faithfully executed,
and so on, that will certainly be new. While we have
an Executive going about and talking in this manner
— only .too captivating to the imaginations of the
many who do very little serious thinking—there need
be no wonder that railroad construction stops and
capital is disposed to wait and see what happens.
How could it be otherwise? And what more emphatic
admonition could there be to pause and' take the bear
ings anew, and observe whither we are drifting?
ADVERSE STATE LEGISLATION.
There is reason for congratulation in the fact that
so many of our Federal judges in disposing of the cases
coming before them are characterizing as they deserve
the many laws directed against the railroads which
have been put upon the statute books in the different
States the present year. Incidentally these court
decisions and court opinions serve to indicate how
general and widespread has been the course of anti
railroad legislation. The situation in that regard
with reference to the Southern States has recently
been brought very prominently to public notice in a
number of different cases. The facts with regard to
the Western States have not attracted so much atten
tion, though many of these Western States have been
engaged in the same kind of work.
A very recent illustration has been the case of Minne
sota. This is now receiving a great deal of notoriety
by reason of the action of Attorney-General Young in
emulating the example of several of the Southern
Governors and bidding defiance to the authority of
the Federal courts. Judge Lochren in the United
States Circuit Court, having two weeks since issued
an injunction against the commodity rates schedules
contained in an enactment of the Minnesota Legis
lature, and having enjoined the State authorities
from enforcing this State law until the cas&s could be’
determined upon their merits, Mr. Young is proceeding
nevertheless against the railroads in the State courts.
We are told in the newspapers that Mr. Young has
placed himself in contempt by bringing mandamus
proceedings to compel the Northern Pacific Railway
to adopt the prescribed commodity freight rates.
It was stated in the papers last week that Judge Bunn
of the District Court of Ramsey County had allowed
the Attorney-General's petition for an alternative writ
of mandamus which directs the Northern Pacific
officials to show cause at special term of the District
Court to-day (Oct. 5) why they should not be com
pelled to adopt the rates and in other respects comply
with the provisions of the new law, which is known as
Chapter 232 of the Laws of 1907. We imagine it
will be sufficient for the railroad officials to show the
order of the Federal Court, but the Attorney-General
seems to be just aching to have himself arrested—
thinking that possibly in that way the ruling of the
Federal Court can somehow be upset.
The Minnesota statute seems to be a very objec
tionable one— even more so than the statutes of the
several Southern States which have of late been up for
discussion. It appears that on April 4 Minnesota
enacted a two-cent-a-mile law, that a few months previously the Minnesota Railroad & Warehouse Com
mission had put into effect (Nov. 15 1906) a new
shedule of freight rates, and that on top of all this the
Legislature, by Act of April 18, fixed commodity rates
involving a still further decrease. Judge Lochren
would not enjoin the rates put in force by the Railroad
Commission last November, as he had been asked to
do, since the railroads had accepted these rates; and
for the same reason he refused to restrain the operation
of the Act of April 4 fixing passenger rates at 2 cents
a mile. He did, however, issue the restraining; order
against the commodity rates. His reasons for the
latter step appear clear and convincing—at least to the
layman. In his opinion Judge Lochren pointed out
834
THE CHRONICLE.
that the evidence showed that under the rates that
were in force prior to any of these changes, the amount
of compensation received by the railroads for the
services done within Minnesota in respect to transpor
tation of property and persons was not compensatory;
that in the case of the stronger roads, although it
came very near being compensatory, in the case of
the others it was far from compensatory. It was
virtually admitted, he said, that the effect of the order
made by the Railroad and Warehouse Commission was
to reduce the amount of compensation which the rail
road companies would receive upon the articles that
were covered by that order on merchandise within the
State of Minnesota some 20% to 25% and that the
effect of the Act of April 4 with respect to passenger
rates (cutting the rate from three cents to two cents
per mile, or 33 1-3%) was, in fact, in view of all con
ditions, actually a cut of about 22% or 23% in the
amount paid before for like services.
It appeared to Judge Lochren that if in these circum
stances there be added the reduction wThich is at
tempted to be made by the commodity Act, it will re
duce the compensation received by the companies be
low what would be a fair compensation for the services
performed, including an adequate return upon the
property invested.
It had been argued by Attorney-General Young
that the suits brought to restrain him from enforcing
a State law are suits against the State, preventing it
from carrying on its governmental functions, and as
such are in violation of the Eleventh Amendment of
the Federal Constitution, which provides that “ the
judicial power of the United States shall not be con
strued to extend to any suit in law or equity, com
menced or prosecuted against one of the United States
by citizens of another State or by citizens or subjects
of any .foreign State.” But Judge Lochren declares
that the actions are not in terms nor in necessary
effect actions against the State. No property of the
State is affected. No revenues of the State are affected
by the result of the litigation. And although the
Eleventh Amendment to the Constitution prohibits
suits or actions against the State by citizens of another
State, or of a foreign country, the Fourteenth Amend
ment provides that the State shall not deprive citizens
of life, liberty or property without due process of law.
There must be some way to enforce, reasons Judge
Lochren, that provision of the Constitution. It is a
provision which requires no action of Congress to make
effective. It is a prohibition against the State. If
the State by any action deprives a citizen of life,
liberty or property without due process of law, the
courts must provide some remedy for the protection
of the citizen in a case of that kind. He says it would
be a reproach to the courts did they fail to provide
an adequate remedy in a case of that sort. And it
wras unnecessary, he thought, in this case to hold
that the Eleventh Amendment would be ineffectual
:is against the later provision in the Fourteenth
Amendment if the matter can be reached in another
way, and it seemed to him it could, by tying the
hands of the officers of the State, if necessary, in a
proper action, and restraining them from attempting
to fix charges or put in effect a provision of the law
of the State which is unconstitutional under the
Fourteenth Amendment.
He makes some emphatic comments on the pro
[V o l .
lxxxv
.
visions in the new statutes attempting to prevent the
railroads from testing the legality of these legislative
Acts in the Courts. The penalty clauses had been
denounced by counsel for the complainants •as being
so extreme that they are unconstitutional and void.
Judge Lochren is no less severe in his strictures upon
this part of the law. He uses plain language in
speaking of this penalty clause. He says there is no
question but that such legislation is vicious, almost
a disgrace to the civilization of the age, and a re
proach upon the intelligence and sense of justice of
any legislature which would enact provisions of that
kind. He says the resusal to issue a ticket at a certain
rate which is fixed by the Legislature as proper, but
which the railroad companies hold to be void and un
constitutional (and which would be an act, of itself
not immoral nor malem in se, but would ordinarily
afford the person who was refused the privilege of a
ticket a right of action against the railroad company)
in case he was in the right and that the refusal was
wrong, there would be no question but that in a civil
action any such person would receive an adequate
remedy; there would be no danger that any court or
jury would refuse to give ample damages. The result
of actions of that kind would be that the damages
would almost certainly border on the excessive instead
of failing to remunerate the party for any wrong he
would suffer on account of such a refusal. Under the
provisions of these laws, acts not immoral or wrong in
themselves, but which are only so because prohibited,
would entail upon the person refusing to comply with
such laws the position of being convicted of a felon}'.
They make a refusal amount to a felony and impose a
punishment very unusual—a fine that might be to the
amount of $5,000, or imprisonment in the State prison
to the extent of five years, or both, in the discretion
of the Court; punishments which are applied only
to the very highest crimes, short of homicide, of which
men are ever guilty; punishments which would be
deemed adequate in cases of burglary, highway rob
bery, &c.
■In view of all this the chance that the decision of
Judge Lochren will be reversed seems slim, indeed—
whatever course the Attorney-General may pursue.
THE COLORADO & SOUTHERN AND RAILW AY
RELATIONS TO THE PUBLIC.
In the annual report of the Colorado & Southern
Railway Company for the late fiscal year, issued the
present week, there is an interesting and pertinent
discussion by President Frank Trumbull of the rela
tions of the railroads to the public in this country.
The Colorado & Southern has done much for the
development of the Rocky Mountain States, and
Mr. Trumbull has been the master spirit in control of
the property, guiding its destinies and furthering its
growth. For instance, extensions of the lines of the
system have recently been completed which give
Colorado, Wyoming and New Mexico connection with
deep water in the Gulf of Mexico at Galveston over
a very short and direct route. Engaged in such work
and obliged to provide the capital for its successful
financing, it is natural that consideration should be
given to the part played by the railroads in promoting
the general welfare, especially at a time when every
hand seems to be raised against the roads.
O c t . 5 1907.)
THE CHRONICLE
Much has been said, observes Mr. Trumbull, con
cerning the shortcomings of corporations. It is doubt
less true that they have not been infallible, but have
they, he asks, in that respect been in complete isola
tion? If one looks at the vast field served by railway
corporations and the greatly diversified interests they
have to satisfy and contend with, and the army of
over
million employees, which, like all armies,
must have efficient leaders and thorough discipline, if
safety and success are to be achieved; and if one con
siders that the development of the country and its
business growth have been so rapid that it has been
impossible for other industries to keep pace with it,
is it not remarkable, he inquires, that the railroads are
meeting, as well as they are, the 'demands made upon
them without a substantial increase in rates, particu
larly as the cost of everything which goes into the
construction, improvement, maintenance and opera
tion of railroads has enormously increased? It must
be admitted that it is indeed remarkable that such
should be the case.
Mr. Trumbull makes reference to the fact that
within the past year a multitude of laws have been
enacted with a view to the regulation of railway com
panies. In view of the valuable and far-reaching
public services that must be performed by them, may
it not be true, he is moved to say, that much of such
legislation has been amateurish in comparison with
that of older countries, in that it has been hasty and
restrictive only, and not also constructive as it ought
to be, if the welfare of all the people is to be promoted
by those who are entrusted with public office and
by semi-public officials and employees. Has not
much legislation by the States, he goes on, been enac
ted with 110 view whatever to aiding the railroads in
solving the great problems which confront them, and
will such legislation, in the quiet hour, seem excusable
from any point of view; particularly that which may
be found, after painful processes, to be actually in
valid?
Mr. Trumbull gives some figures indicative of the
service rendered by his company and presents them
in such a way as to make their bearing very significant.
He points out that the number of passengers carried
by the Colorado & Southern the past year was 2,801,(599, and that the average rate received was only
2.44 cents per mile—that is, a trifle more than a
two-cent postage stamp—and this partly in a section
where physical operations are most difficult and
where wages are probably the highest in the world.
He makes comparison with England and Wales, with
an area of 58,000 square miles (about one-half the area
of Colorado and only about one-fifth the area of
Texas), and yet where the number of passengers
carried is more than in the whole 3,025,000 square
miles of the United States. In England, with much
lower wages, the regular third-class rate is a penny
(two cents) per mile, while first-class passengers (who
constitute only 3% of the total) pay over 3 cents per
mile. The railway mileage of Great Britain is only
about one-tenth that of the United States, but it
carries nearly one-half as much capitalization. As to
the freight traffic,the Colorado & Southern moved the
past year 7,090,901 tons at an average cost to the
shipper of only 1.05 cents per mile— 2,000 lbs. carried
one mile for about the equivalent of a one-cent postage
stamp. A little table is added to show how much
835
money the Colorado & Southern paid out during the
twelve months which inured to the benefit of labor or
the public. The aggregate reaches over $20,000,000,
made up as follows: For labor and material employed
in productive operations, over $2,000,000; for taxes,
over $335,000; for improvements and new equipment,
over $4,400,000; and for new construction, over
$6,600,000, making $20,335,000. On the other hand,
while the company was thus spending sucli large
amounts of money, its payments to investors for interest
on both the old capital and the new was not quite
$2,000,000, and the payment to investors for dividends
was only $510,000.
He urges that legislation affecting the vast transpor
tation interests and necessities of a unified country,
like that of older countries, should protect as well as
supervise. For, as he well says, duty is reciprocal
and is not bounded by State lines. He quotes a
Federal judge to the effect that legislation by one
State may have the effect of subjecting an adjoining
State to discriminations. Conflicting legislation by
the States results in ,chaos; and it has already come
to pass that the ensuing impairment to credit has not
only retarded development in such States, but legiti
mate aspirations fpr development in other States have
been, so far as can now be seen, indefinitely postponed.
The fact that recent national legislation is being carried
out practically and harmoniously by the Government
and the roads will result, he thinks, in relieving friction
and afford a better understanding of the motives and
work of the railroads, and the necessity, from the
standpoint of public welfare (to say nothing of that
of private investors, whose confidence must be re
tained,) of not crippling an industry which is endeavor
ing to serve the interwoven needs and productive
power of a population which will soon number 100
millions of souls.
After pointing out that the Colorado & Southern
“ corporation” is identified with the citizens and busi
ness interests of Colorado, Wyoming and New Mexico,
and is sponsor, by use of its general credit, for impor
tant lines in Texas, which have brought closer together
the people of those great sections, in which develop
ment has simply begun, he goes on as follows: “ Your
lines have, without exclusive privileges and without
subsidies or guaranties from the State, brought the
‘Pike’s Peak’ region as near to tidewater as Chicago
is, and in doing this have at the same time assisted
greatly .in increasing the importance of Galveston,
Texas. Surely your company occupies a place in the
life of the nation, and your directors, recognizing a
dual trusteeship, desire that all your patrons may
prosper, that your employees may be steadily engaged,
and that your profits may increase so that ability .to
perform public functions may be continually augmen
ted, as it ought to be, and so that if through a rest
cure, or otherwise, general financial conditions in
America again improve, your company’s sphere of in
fluence may seem to capital and to enterprise an in
viting field for further expansion.”
This is well put and the reference to a “ rest cure”
as a means to restore sanity and financial health is
very apropos. Such remarks as these are very .timely
and they .should serve to bring unreasoning people,
who appear at present to be in control of public affairs,
to a realization of the harm and mischief persistence
in their present course must work. We know of no
836
THE CHRONICLE.
other way in which the matter can be brought home
to them with a promise of success. There must be
an appeal to their reason and good sense, and the
effort must be fortified by facts and figures, as is done
in the present instance.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— The public sales of bank stocks this week aggregate 103
shares, of which 65 shares were sold at the Stock Exchange
and 38 shares at auction. The table below, given in our
usual form, shows the actual sales of New York City bank
stocks made during the week at auction and at the Stock
Exchange. Extensive tables showing the bid and asked
quotations, deposits, surplus, &c., of banks and trust com
panies in all important cities of the United States, are pub
lished monthly in the “ Bank and Quotation” section, the
October issue of which accompanies to-day’s “ Chronicle.’'
Bid and asked quotations for all New York City bank and
trust company stocks are also published weekly in another
department of the paper, and will be found to-day on pages
843 and 844.
S h a r is . B A N K S — N ew Y o r k .
L ow . H ig h . C lose.
250
x lQ C ity B a n k , N a t io n a l_______
253
250
z 4 6 C o m m e r c e , N a t. B a n k o f . . . 167 % 1 6 8 K 168
25 F o u r th N a tio n a l B a n k . . _ 170
170
170
10 H a n o v e r N a tio n a l B a n k ___ . 490
490
490
3 M erca n tile N a tio n a l B a n k - . 190
190
190
x S old a t th e S to c k E x ch a n g e .
L a st
S e p t.
S e p t.
S e p t.
M ay
M ay
p rev io u s
1907—
1907—
1907—
1907—
190 7—
sale.
250
167
169
500
235
[V o l .
lxxxv
.
for the year ending Sept. 30 1907 shows total Clearing-House
transactions for the twelve months of $99,129,347,346—
$95,315,421,238 representing exchanges and $3,813,926,108
representing balances. The total average daily transactions
during the year were $326,083,379. The total transactions
of the Clearing-House since its establishiment in 1854 have
been $1,942,902,288,336.
— The stockholders of the Consolidated National Bank,
corner of Broadway and Exchange Place, this city, are in
receipt of a letter from Thomas J. Lewis, Cashier, in which
an offer is made to purchase 1,200 shares of its stock at $175
per share. Mr. Lewis states in his letter:
I h a v e n o t e d w ith c o n c e r n th e fa ilu r e o f its s t o c k t o re s p o n d In increase
o f m a rk e t v a lu e t o th e p e rsiste n t efforts o f th e o ffic e r s t o b u ild u p Its b u s i
n ess. T h e la s t sale I k n o w o f w as m a d e a t 156, b u t e v e n a t o r a b o u t th a t
p r ice th e s t o c k Is in a c tiv e .
T h ese fa c ts h a v e c o n v in c e d m e th a t th ere m ust
be s o m e r a d ica l d e fe c t in th e o r g a n iz a tio n o f th e b a n k fro m a business
s t a n d p o in t.
I b e lie v e th is d e fe c t is la r g e ly to b e fo u n d in th e d is in te g r a
t io n o f th e s t o c k h o ld in g b o d y . A s y o u d o u b tle s s k n o w , th e 10,000 shares
o f th e b a n k ’s c a p ita l s t o c k are s c a t t e r e d , la r g e ly In sm all lo ts o f fiv e a n d ten
shares e a c h , a m o n g th eir 560 s to c k h o ld e r s .
M ost o f these s m a ller s t o c k
h o ld e rs are n o t resid en ts o f N ew Y o r k C ity , and are u n a b le t o g iv e t o th e
b a n k th e business s u p p o r t w h ic h o th e r fin a n cia l In stitu tion s o f th is c it y ,
business c o m p e tito r s o f this b a n k , r e c e iv e fro m th eir m o re c o n c e n t r a t e d
s t o c k ow n e rsh ip s.
T h is la c k o f u n ity , I b e lie v e , has p r e v e n te d o u r g r o w th
in th e p a s t, an d i f a llo w e d t o c o n tin u e m a y w o rk e ven m o re seriou s c o n s e
q u e n ce s In th e fu tu r e .
I t is c e r ta in ly an e n tire ly u n s a tis fa cto r y c o n d it io n .
I
h a v e e x p la in e d th ese v ie w s t o s o m e o f th e la rg e r s to c k h o ld e r s , w h o
h a v e r e q u e ste d m y v ie w s c o n c e r n in g th e causes o f th e c o n tin u e d u n s a tis
f a c t o r y c o n d it io n o f th e m a rk e t fo r th e b a n k s t o c k , an d h a v e e x p ressed t o
th e m th e o p in io n th a t this a d v e rse c o n d it io n m u st b e re m e d ie d . T h e
o ffice rs o f th e b a n k g e n e ra lly h o ld th e sa m e vie w s. A lth o u g h relu cta n t
t o in cu r a n y o b lig a tio n s a t this tim e w h en a gen eral dep re ssion Is th r e a t
e n e d , these la r g e r s to c k h o ld e r s , fo r th e p u r p o s e o f p r o t e c tin g th eir p r e s e n t
h o ld in g s b y re m e d y in g th e d e fe c t o f s c a tte re d o w n e r sh ip , h a v e a greed t o
p u rch ase b e tw e e n 1,000 an d 1,200 sh ares, and h a v e a u th o r iz e d m e t o p a y
§175 p e r share fo r t h a t a m o u n t.
T h is seem s to m e an e x c e e d in g ly lib era l
p rice in vie w o f th e m a rk e t v a lu e o f th e s t o c k an d th e sm a ll return w h ich
It has m a d e in th e w a y o f d iv id e n d s .
I c a n n o t p u rch a se sm a ll lo ts o n th e
m a rk e t, fo r th e reason th a t this p r ice w ill n o t b e p a id unless an ag g reg a te
o f 1,000 shares is d e liv e re d .
— We are sending our subscribers with to-day’s issue of
The officials of the Consolidated National Bank and the
the “ Chronicle” a copy of our “ Bankers’ and Trust” section, Mercantile National Bank of this city disavow the report
which reports the full proceedings of the 1907 annual con of consolidation which had been rumored.
vention of the American Bankers’ Association held last week
— The new Sherman National Bank of this city, to the
at Atlantic City. The addresses of all the speakers heard proposed formation of which we referred May 18, is to open
at the various meetings of the Atlantic City convention, as for business about Nov. 1. The institution’s quarters will
also the proceedings on the floor, are reported in detail in be those formerly used by the old Astor National Bank, in
the “ Bankers’ and Trust” section.
the Astor Court, 18-20 West 34th Street, next to the Waldorf— Governor Hughes has appointed Luther W . Mott of Astoria. Edward C. Smith of St. Albans, Vt., ex-Governor
Oswego as New York State Superintendent of Banks, to of Vermont, is to be President of the bank; William H. Maclay
succeed Charles H. Keep, who was appointed to serve on the of the Hanover Bank Building, this city, will be Vice-Presi
up-State Public Service Commission. Mr. Mott is Vice- dent, and the active manager of the institution, and Charles
President and Cashier of the First National Bank of Oswego. G. Colyer, Avho has resigned as Secretary and Treasurer of
— The New York Clearing-House Association, at its annual the City Trust Company of Newark, N. J., is to be the
meeting on the 1st inst., adopted the several amendments Cashier. The directors will be: Edward C. Smith, St. A l
to the constitution offered last April and printed in this De bans, Vt.; Hugh N. Camp Jr., New York City; Dwight A.
partment April 27. For the benefit of our readers we re Jones, New York City; George S. Dana, Utica, N. Y .; Albert
Tuttle, Fair Haven, Vt.; Irwin Cornell, J. & B. Cornell Iron
print the amendments herewith:
Co., New York City; John C. Howard, Ogdensburg, N. Y .;
(1) B a n k s a c tin g as r e d e e m in g agen ts fo r o th e r In stitu tion s n o t m e m b e rs
o f th is A s s o c ia tio n sh all keep a n d m a in ta in in th e ir o w n v a u lts a cash i-eClinton Crane, 52 Pine Street, New York City; Governor
serve o f n et d e p o s its e q u a l t o th e h igh e st p e rce n ta g e o f reserve re q u ire d
b y law o f a n y m e m b e r o f th is A s s o c ia tio n .
Fletcher D. Procter of Vermont, Procter, Vt.; Gharles A.
(2) N o m e m b e r o f this A s s o c ia tio n shall sen d o r p a y th r o u g h th e e x
ch a n g es c h e c k s o r o th e r ite m s d r a w n o n b a n k s , ba n k e rs o r tru st co m p a n ie s ,
Spalding, Saugerties, N. Y .; A. D. Kidder, New York City;
n o t m em b e rs o f th is A s s o c ia tio n , b y c u sto m e rs th e r e o f in G rea ter N e w Y o r k ,
a n d m a d e p a y a b le at a C le a rin g -H o u se b a n k , unless th e sam e sh a ll first
and William H. Maclay, the Martinique, 56 West 33d Street.
b e a c c e p te d an d m a d e p a y a b le at a C le a rin g -H o u se b a n k b y th e b a n k ,
The bank will start with a capital of $200,000 and surplus of
b a n k er o r tru st c o m p a n y u p o n w h ich th e y are d ra w n .
T h is p r o v is io n
shall also a p p ly t o n o n -m e m b e r s m a k in g e x c h a n g e s th r o u g h m e m b e rs o f
$50,000.
th is A ss o c ia tio n .
(3) A d d t o S ectio n 16:
— The Fifth National Bank of this city paid on Oct. 1 its
T h e several Item s o f th e w e e k ly sta te m e n t are t o co m p ris e th e fo llo w in g :
L o a n s an d D is cou n ts — L o a n s , D is c o u n ts an d S to c k s an d B o n d s an d
129th dividend, being a quarterly distribution of 3 % . Divi
M o r tg a g e s o w n e d b y th e b a n k .
S p ecie— G o ld an d S ilv er C o in , U n ite d S tates and C le a rin g-H o u se G o ld
dends previously were paid semi-annually, in January and
C ertificates a n d U n ite d S ta te s S ilv e r C ertificates.
L e g a l-te n d e r N ote s— U n ite d S tates L e g a l-te n d e r N o te s o f all issues.
July, at the rate of 12% per annum.
C ircu la tion — A m o u n t o u ts ta n d in g .
D e p o s its — G ross d e p o s its an d u n p a id d iv id e n d s , less e x c h a n g e s fo r th e
— The International jTrust Company of New York has
C le a r in g -H o u s e , a m o u n ts d u e fro m o th e r b a n k s fo r c o lle c t io n , n o te s o f
opened for business in this city at Broadway and Fulton
o th e r b a n k s a n d c h e c k s on n o n -c le a rin g In stitu tion s in this c it y .
As noted in our previous reference to the matter, the first Street, having received authority on the 1st inst. from the
of these amendments provides that banks acting as re State Banking Department. The institution has a capital
deeming agents for other institutions not members of the and surplus of $500,000 each. It is stated that, while it is
Association shall keep a reserve to the extent of 25% of net at the present time purely a Manhattan concern, it has an
deposits. The second amendment is aimed at the practice nounced its intention of absorbing the Brooklyn Bank of
pursued in many instances by those having accounts at Brooklyn Borough and establishing branches in that Bor
banking institutions outside of the Clearing-House to draw ough. Henry E. Hutchinson, President of the Brooklyn
checks on these institutions and stamp them as payable at Bank, and Oliver M. Denton, Vice-President of the bank,
some Clearing-House or non-member bank. Hereafter,such are Vice-Presidents of the new company. The full list of
checks can only pass through the Clearing-House if stamped officers of the last-named are Howard Maxwell, President;
as payable at a Clearing-House bank by the bank, banker or Henry E. Hutchinson, Nelson B. Burr, John S. Jenkins and
trust company upon which they are drawn. In the third Oliver M. Denton, Vice-Presidents, and J. F. Bouker, Secre
amendment, it will be noted, the make-up of the different tary. The directors of the company are Nelson B. Burr and
items in the weekly bank statement is defined.
John S. Jenkins, directors of the Brooklyn Bank; Robert J.
At Tuesday's meeting Alexander Gilbert, President of Cuddihy, William Goff, William S. Hurley and David B. Hut
the Market & Fulton National Bank, was re-elected Presi ton, directors of the Borough Bank of Brooklyn; Charles F.
dent of the Association for the ensuing year, and Albert H. Darlington, Oliver M. Denton, Stanley E. Gunnison, Henry
Wiggin, Vice-President of the Chase National Bank, was E. Hutchinson, Howard Maxwell, Archibald C. Shenstone
re-elected Secretary. Manager William Sherer and Assist and M. B. Pratt.
ant Manager William J. Gilpin have been reappointed to
— At a meeting of the directors of the Merchants’ National
their respective posts. The annual report of the Manager Bank of New York on Thursday last. Zoheth S. Freeman.
O ct . 5
1907.]
THE CHRONICLE.
8:57
who had been Cashier of this old institution for some time,
— For several months past the Corn Exchange National
was elected a Vice-President and a director. Joseph Byrne, Bank of Chicago has had a corps of sappers and miners at
Assistant Cashier of the National Bank of Commerce in New work upon the foundations of its mammoth new building
York, was appointed to the position of Cashier of the Mer at the northwest corner of La Salle and Adams streets. They
chants’ . Mr. Byrne has been connected with the National have drilled numerous shafts to the depth of 90 feet, which
Bank of Commerce for nearly a quarter of a century, having are filled with concrete, and thus serve as a solid foundation
entered its employ as a boy. The employees of the Commerce for the supporting pillars of the 16-story "skyscraper” to be
have presented him with a handsome silver tea service as a superimposed. The structural steel upright columns for the
testimonial of esteem. Mr. Gallaway, President of.the Mer first two or three stories are now in place, and from this time
chants’ , returned this week after an absence of several on the construction of the building will be rapid. Over $1,months.
000,000 has been appropriated by the bank for the structure,
— The Commercial Trust Company, Broadway and 37th and its occupancy is hoped for by next May or June. The
Street, this city, will move into new quarters when the office exterior of the building will be elegant and imposing. The
building now in course of erection on the corner of Broadway lower 3 stories will be of granite and the remaining 13 stories
and 41st Street is completed next May. The company started of brick, artistically trimmed with terra-cotta. Its extreme
business last November. Its banking departments will oc height above the sidewalk is to be 245 feet. The ground
cupy the street floor and the .safe-deposit establishment the floor plan is for offices of brokers and bond houses. The
Corn Exchange Bank itself will occupy the entire second and
basement.
third floors, 75 feet by 188 feet. These will be finished in
— Samuel Sloan Jr., Vice-President of the Farmers’ Loan
one high banking room with galleries all around for various
& Trust Company of this city, has been elected a director of
departments and employees. These spacious quarters will
the Bank of Manhattan Company to succeed his father, the
be richly finished in foreign marble and bronze, and the fur
late Samuel Sloan.
nishings throughout will correspond in elegance. Every
—A t a meeting of the directors of the City Trust Company modern appliance and convenience for facilitating a banking
o f Newark, N. J., on Wednesday, Charles Colyer was elected business will be introduced. The bank vaults and safety
President to replace the late C3Trus Peck. Mr. Colyer is deposit vaults will be of the latest and safest designs. Al
Vice-President and Treasurer of the Firemen’s Insurance together, this will be one of the most noteworthy new bank
Company. The Secretary and Treasurer of the trust com buildings in Chicago.
pany, Charles G. Colyer, has resigned to become Cashier
— Isaac N. Perm’s second Chicago banking scheme—the
of the Sherman National Bank of New York. The post he Federal National Bank— has gone into liquidation. His
relinquishes will be taken by Elmer S. Carr, Paying Teller.
first individual enterprise— the National Bank of North
— Gen. Louis N. Van Keuren has tendered his resignation
as Secretary and Treasurer of the Colonial Trust Company
of Waterbury, Conn., to take effect on the 8th inst. It is
stated that he is to become senior member of a New York
banking house with which his son, Major Harold H. Van
Keuren, is also to be identified.
America—was absorbed, it will be remembered, by the
Continental National Bank. The purchasers of the Federal
National are Cobe & McKinnon of the Assets Realization
Company. The sale was ratified by the board of directors
and the assertion is made that all depositors will be paid in
full. Since the last official statement of the bank (August 22)
— The Exchange Trust Company of Boston, Mass., began deposits have run down from $1,066,000 to approximately
business on the 1st inst at 33 State Street. The company $750,000. No further deposits will be received. The prob
received authority several months ago from the Bank Com able loss to shareholders in the liquidation is variously esti
missioners to organize. It has a capital of $250,000, and is mated, according to the Chicago papers, at from 75% to
under the management of John J. Martin, President; John 50% . The bank is said to hold among its collateral a large
Collamore Hatch and ex-Governor John Q. A. Brackett, percentage of slow paper, much of it being that of country
Vice-Presidents; G. Wallace Tibbetts, Secretary, and Robert banks. “ The depositors will get their money as soon as
they ask for it,” declared Ira M. Cobe. “ It simply has been
E. Fay, Treasurer.
found unprofitable to continue, and the directors and stock
— The “ Philadelphia Press” states that the directors of holders are agreed upon the plan of discontinuing business.
the Real Estate Trust Company of that city have declared I believe all the paper is sound. Mr. Perry, the founder of
the first semi annual dividend (2% ) since reorganization. the bank, did not leave any questionable securities among
The dividend is to be paid on the first anniversary of the the assets.” The Federal National Bank has been in ex
re-opening of the institution— November 1.
istence a little less than two years.
— By action of the executive council of the Ohio Bankers’
— One week from Monday the Commercial National Bank
Association, the headquarter- of that organization have been of Chicago will occupy its magnificent quarters in the new
established in Columbus. The offices of Secretary S. B. 18-story building which the bank (or, rather, its affiliated
Rankin are located in Rooms 905 and 906, New First Na corporation, the Commercial National Safe Deposit Com
tional Bank Building.
pany) has been erecting for the past two years. At the
outset of this undertaking it was expected the bank floor
would be ready for occupancy by May 1 1907. Such was
the fond hope of the late President Eckels, who took the
warmest interest in the gradual development of this beautiful
new home for the bank with whose growth and prosperity
he had been so Jong identified. But, owing to delays from
strikes and other unforeseen causes, the contractors were
— Dr. H. W . Kitchen, President of the State Banking & unable to fulfil their promises, and Mi-. Eckels passed away
without the realization of his hopes.
Trust Company of Cleveland, died on the 30th inst., his
Four million dollars have been expended on the structure
death resulting from a stroke of paralysis. Mr. Kitchen,
aside from the value of the land, which is leased for a period
who was sixty-four years of age, was one of the founders
o f the institution. Ho had also been prominent in political of 198 years. The base dimensions are nearly 200 feet
square; the depth to which 65 caissons were sunk for concrete
affairs.
supporting pillars 104}4 feet to bed rock, and for 15 elevator
— The Guardian Savings & Trust Company of Newark, plungers ‘l y^ times as deep. The ornamental cornice of the
Ohio, lately organized with $100,000 capital, commenced building is 260 feet above the sidewalk, and below the side
business September 23. A. G. Wyeth is President and walk level are capacious basement and sub-basement occu
Wordsworth Gard is Secretary and Treasurer.
pied respectively by safety deposit vaults, boiler and engine
— Judge P. M. Casady, the venerable President of the plants, dynamos and storage. The architectural design of
Des Moines Savings Bank of Des Moines, Iowa, has retired this building is most attractive to the eye— the first four
from the presidency of that institution, and, it is stated, from stories being of granite, with ten massive Corinthian columns
active business connection.-. Judge Casady, now eighty-nine on each front (Clark and Adams streets). Above the fourth
years of age, is succeeded a> head of the bank by his son, story the wall facings are semi-glazed white terra-cotta with
Simon Casady, heretofore Vice-President.
i indented appropriate designs, producing a very graceful
—The West End Bank & Trust Company of Cincinnati,
Ohio, which commenced business on December 30 last year,
purposes to increase its capital from $50,000 to $100,000.
A meeting of the stockholder.' will be held on the 23d inst
to act on the proposition. as well as to vote on the question
of increasing the board of directors from eleven to fifteen
members.
838
THE CHRONICLE.
effect, and culminating in the upper three stories in a series
of Gothic arches surmounted by an ornamental cornice.
The banking room proper occupies the second, third and
fourth stox'ies thrown into one; its dimensions are 180x193
feet. The rotunda is very spacious, but leaves abundant
room on three sides for counters, cages and working spaces,
and on the fourth side for the officials and directors’ rooms.
The floor is of imported Hauteville marble, and the exquisite
marble of the countersis from some other noted French quarry.
A series of tall pilasters on two sides of the rotunda rise from
a base of polished Istrian marble, the shaft being of dull
Caenstone (French) and crowned by ornate capitals. Twenty
tall Roman bronze candelabra stand between the pilasters,
surmounted by a profusion of electric globes. Three thou
sand electric lights stud the ceiling, which is grained and
paneled in tasteful fleur-de-lis patterns, except where the
skylight stretches above the centre of the room. A broad
gallery runs all around, about 40 feet above the main floor,
the entire height from floor to skylight being 60 feet. The
massive bronze balustrade of the main stairway is said to be
one of the handsomest and most costly in the world. Ma
hogany is used for all woodwork and wood furnishings in
the bank, with the exception of one room. President
Roberts’ room, on the corner of Adams and Clark, is 40 feet
by 15 feet in size, and is sumptuously appointed; as, indeed,
are also the rooms of First Vice-President Talbert and Second
Vice-President Van Vechten. The directors’ room (55 feet
by 15 feet) is, if possible, more luxurious than the rest.
Special mention should be made of the vault equipment,
both for the preservation of cash and securities of the bank
and for safety deposit purposes. All of the vault construc
tion is of nickel Harveyized armor plate steel, made after
the latest improved process by.the Carnegie Steel Company.
It is claimed that this is the most extensive and expensive
bank outfit vault ever installed. There are 20,000 boxes in the
safety deposit vaults. There are also vaults for the bank’s
books, papers, stationery, &c. An interesting feature is a
room containing 32 Universal adding machines operated by
electric power.
There will be fully 5,000 tenants in this great building
besides the bank and its employees, numbering among them
such corporations as the United States Steel Co., Illinois
Steel Co., Indiana Steel Co., American Steel & Wire, Ameri
can Bridge Co., Carnegie Steel Co., Lackawanna Steel Co.,
American Steel Foundry Co., Standard Oil Co., &c., &c.,
besides offices of many of the leading railways. • According
to the statement of August 22, the Commercial National Bank
has a capital of $3,000,000; surplus, $3,000,000; undivided
profits,. 1J4 million dollars; deposits, 383^ million dollars;
resources, 46}A, million dollars.
— A new bank, to be known as the Farmers’ & Laborers’
Bank & Trust Co., will be established in Houston, Texas,
with a capital stock of $100,000. F. V. Worth of Fort
Worth is heading the movement and is likely to be President.
Its projectors expect to secure the accounts of the various
locals of the Farmers’ Union of the state and also do a mail
order business, enabling the farmers to negotiate loans by
correspondence and make deposits by correspondence. The
capitalization plan is to distribute the stock and control of
the institution among farmers and laborers, limiting each
individual shareholder to ten shares of $100 each.
— Carey Shaw, heretofore Cashier of the National City
Bank of Houston, Tex., has been elected active Vice-Presi
dent of the bank, and S. M. McAshan has become Cashier.
The bank’s other officers are: J. M. West, President; L.
Davidson,Vice-President, and L. B. Mayer, Assistant Cashier.
— The directors of the South Texas National Bank of
Houston, Texas, have elected Charles F. Schultz an Assistant
Cashier of the institution to succeed S. M. McAshan, who
resigned to become Cashier of the National City Bank of
Houston.
—The control of the German-American Bank of Portland,
Ore., has passed into new hands, represented by Louis J.
Wilde, who will become President, and S. A. Reed, Cashier.
The new interests in the bank, it is stated, are: Perry W.
Weidner, Vice-President of the Central National Bank at
Los Angeles, and Walter C. Durgin, Cashier of the latter;
Louis J. Wilde, President American National Bank of San
Diego, and S. A. Reed, Cashier First National Bank, Escon
dido, Cal
[V o l . l x x x v .
— The changes in the Seattle National Bank of Seattle,
Wash., incident to the acquisition of an interest in the in
stitution by interests identified with the National City Bank
of New York, have been consummated. The increase of
$200,000 in the capital of the Seattle National, making the
amount $500,000, was ratified by the stockholders of the
institution on the 24th ult. At the same time Bert Clark,
representing the National City Bank, was added to the
board of directors, and was elected Vice-President, suc
ceeding Herman Chapin, resigned; J. W . Maxwell (formerly
Cashier of the National Bank of Commerce, Seattle,) was
elected Cashier in place of S. Foster Kelley, who has been
made Secretary of the institution. Mr. Maxwell was also
elected a director. E. W . Andrews continues as President
of the bank.
Canadian Bank Clearings.—The clearings of the Canadian
banks for the month of September 1907 show an increase over i
the same month of 1906 of 6.7% , and for the nine months
N ine Months.
September.
Clearings at—
.
1906.
1907.
Inc. or
D ec.
1907.
Inc. or
D cc.
1906.
$
*
Canada—•
S
S
%
Montreal ____ 125,063,691 120,101,551 + 4.1 1,142,250.894 1,104,028,468 + 3.4
912,874,842 851,899,979 + 6.8Toronto - .
- 87,623.537 84,904,129 + 3.1
327,437,255 + 27.5
41 7,3 98,722
Winnipeg . _- 44,276,318 42,557,416 t-4.0
89,230,549 + 57.1
140,183,896
Vancouver___
18,017,423 11,910,710 + 51.3
95,014,018 + 20.3
12,601.004 10,774,333 + 17.0
115,007,785
Ottawa
60,454,740 + 14.5
8,749.702
7,340,747 + 19.1 . 76,102,390
Q u e b e c _____
67,437,773 + 1 .8
7,090,514
7,244,996 — 2.0
68.651,785
H a lifa x ______
55,234,877 + 17.7
£4,997,128
Ham ilton. _ _.
6,919,201
6,301,923 + 9.S
43,943,147 + 12.3
49,335,385
5,444,510
5,228,987 + 4 1
St. John ______
42,019,433 + 16.7
49,027,027
London ______
4,808,528
4,323,100 + 12.6
31.380,852 + 29.5
40,034,163
4,422,859
3,874,997 + 14.1
Victoria _____
51,576,210
19,924,809
4,813,381
4,183,009 + 15.1
Calgary a -------34.731,760
9,102,362 -------3,800,000
2,832,840 -1-34.1
Edm ontona___
Total Canada 325,088,40.7 304,628,92£
+ 6.7 3.076,521,017 2,778,281,091 + 10.7
1
The clearings for the week ending Sept. 28 make a very
satisfactory comparison with the same week of 1906, the in
crease in the aggregate having been 4 . 8 % . ________________
W eck ending September 28.
Clearings at1907
1906.
Inc. or
D ec.
1904.
$
Canada—
S
i *
%
Montreal ____________________ 30,182,000 27,438,659 + 1 0 .0 25,065,041 21 ,118,961
T oron to_______________________ 18,715,200 21,037,657 — 11.0 21,368,362 15 ,735,490
9,994,180 10,549,304! — 5.3 7,486,204 ! 4 934,303
W in n ip e g ______ _____________
4,374,936 2,730,119 + 6 0 .3 1,940.329 <,479,241
V a n co u v e r___________________
,736,701
O tta w a _______________________ 3,081,661: 2,368,734 + 3 0 .1 2,415.230!
,466,189
Q u e b e c ________ ______________ 2,061,151: 1,761,613 + 1 7 .0 1,677,898
.646,034
H a lifa x _______________________ 1,692,810! 1 ,5 1 4 ,1 3 7 + 1 1 .8 1,500,0001
,091,045
H a m ilto n ------------------------------- 1,560,317 1,442,9311 + 8 .1 1,265,089;
,087,414
1,300,649 1,278,9501 + 1 .7 1,071,610
S t . J o h n _____ ________________
939,981!
818,629
London ______________________ 1,101,580 1,022,320; + 7 .7
708,190
775,481 + 3 3 .4
764,597!
V ictoria............................ ............. 1,034,242
976,643 !+ 21.1
Calgary a ------------------------------- 1,182,933
728,461
572,365' + 2 7 .3
Edm onton a __________________
Total Canada......... .................77,010.120 73,468,979: + 4 .S 65,494,401151,71$,203
Clearings by Telegraph— Sales of Stocks, isonas, <szc.—
The subjoined table, covering clearings for the current week,
usually appears on the first page of each issue, but on account
of the length of the other tables is crowded out once a month.
The figures are received by telegraph from the leading cities.
It will be observed that, as compared with the corresponding
week of 1906, there is a decrease in the aggregate of 12.3%.
So far as the individual cities are concerned, New York ex
hibits a loss of 21.1%; Boston, 7.1% ; Philadelphia, 9 .2 % ,
and New Orleans, 18.6% . Chicago records a gain of 16.1%;
Clearings— Returns by Telegraph.
W eek ending Oct. 5.
Per
Cent
1907.
1906.
P h iladelph ia_________________
_____
B atlm ore______________________________
81,517,236,058
139,653,50!)
128.195,152
27,162,117
227,137,301
57,930,915
14,810,101
$1,921,927,243
150,205,950
141,175,348
24,770,654
195,658,025
49,409,325
18,188,272
— 21.1
— 7.1
— 9.2
+ 9.7
+ 16.1
+ 17.2
— 18.6
Seven cities, 5 days........... ........ .........
Other cities, 5 d a y s .. _______ _____ _
$2,112,125,153
413,0 6,874
$2,501,394,817
390,004,007
— 15.0
+ 6.1
Total all cities, 5 days....... .....................
All cities, 1 d a y ---------------------- --------
82.525.792,027
492,696,713
$2,891,398,824
551,906.092
— 12.6
— 10.8
Total all cities for w eek______ _____
$3,018,288,740
$3,443,304,916 I — 12.3
i
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the nine months of 1907 and 1906 are given below:
N ine Months, 1907.
Descrip
tion.
N in e Months, 1906.
•A rer-\ Par Value
Actual
Price. or Quantity.
Value.
i
I
■ —
St’ k lS h S .i
iu u ,.s 7 * ,^ .i
I
,
—
/ Val_ $13533,988,625512233,942,317 90.+$19612,978,250$18296,60i,699
R R .b on d s $282,931,200 $260,379,329 92.0| $472,245,300 $458,537,315
G o v ’t bds.'
$540,300'
$602,842111.6
$l,515,000i
Sl.062.340
State bds.i
$44,900,2001
$42,161,531 93.1)
*56,073,0;
$51,162,103
Bank stks
$230,100
§470,999204.7
$397,11
$7*8,621
Par Value |
or Quantity. j
Actual
Value.
Aver.
Price.
93.3
97.1
109.7
93.0
198.0
T o t a l-. $13862,590,425 $12537,557,018 90.4 $20143,208,700 $18808,756,078 93.4
,220 95c.|
342,542,300|
283.178,830; 82.7c
Grain, bu.j
487,483,450
463,148,.^"
“
$13000,705,238
i$19091,934,908;
THF CHRONICLE.
O ct . 5 1907.]
The volume of transactions in share properties on the
New York Stock Exchange each month since Jan. 1 in 1907
and 1906 is indicat-ed in the following:
SALES O F STOCK A T T H E N E W Y O R K STOCK E X C H A N G E .
Number
of
Shares.
Number
01
Shares.
Par.
Par.
Actual.
Jan _ 22,702,760 1.948,477,925 1,854,950,93038.518,548 3,513,808,7003,333,481,498
F e b . 16,470,972 1.318,394,800 1,241,478,649 21,699,800 1,968,990,6001,831,598,764
MchJ.32,208,525 2,787,043.450 2,609,820,422 19,467,684 1,729,841,900 1,591,417,290
lstq r 71,382,257 6,053.916,175 5,706,250,001179,680,032 7.212,641,200:6,756,497,552
April 19,235,662 1,686,695,950 1,508.967,413 24,330,919 2,158,016,950! 1,928,749,870
May |15,827,245 1,346,719,475 1,204,698,417 24,026,049 2,043,050,800i 1,879,476,284
June! 9,749,415 826,398,975 740,089,460 20,340,391 1,744,464,300; 1,563,947,686
2d qr 44,812,312 3,859,814.400 3,453,755,290 68,697,359 5,945,532,050:5,372,173,840
C m's;116194,569 9,913.730,575 9.160,005,291 148377,391 13158,173.250:12128,671.392
July 12,811,354 1,141,219,600 990,994,600; 16,346,2211,448,273,600; 1,310,479,816
A u g .115,561,583 1.390,644,625 1,180,470,609|31.804,8162,847.353.750i2.701,479.628
Sept. 12,223,541 1,088,393,825 902,471,817 26,018,270 2.159.177,650 2,155,974,863
839
D E B T O N W H IC H IN T E R E S T H AS CEASED SINCE M A T U R IT Y .
A u g. 31.
Sept. 30.
Funded loan of 1891, continued at 2 % , called May 18
1900, interest ceased Aug. 18 1900__________________
$32,000 00
$32,000 00
Funded loan of 1891, matured Sept. 2 1891................ ......
24,600 00
24,600 00
Loan o f 1904, matured Feb. 2 1904____________________
96,100 00
95,900 00
Funded loan of 1907, matured July 2 1907_____________ ! !,519,550 00 7.169.350 00
Refunding certificates, matured July 1 1907___________
19,440 09
19,280 00
Old debt matured at various dates prior to Jan. 1 1861
and other items of debt matured at various dates
subsequent to Jan. 1 1861__________________________
931,415 20
931,415 26
Aggregate of debt on which Interest has ceased since
m a tu rity _______ _____ ____________________________ §9,623,105 26 $8,272 545 26
D E B T B E A R IN G NO IN T E R E S T .
United States notes___________________________________________ _____ $346,681,016
Old demand notes_______________________________ _________ _________
53,282
National bank notes— Redem ption account________________________
46,993,774
Fractional currency, less $8,375,934 estimated as lost o r d e stro y e d ..
6,863,994
Aggregate of debt bearing no Interest_________ _____ ______ _____ $400,592,066 78
R E C A P IT U L A T IO N .
Classification—
Interest-bearing d e b t _______
Debt interest ceased......... ......
D ebt bearing no interest_____
Sept. 30 1907.
$858,685,510 00
8,272,545 26
400,592,066 78
Total net d ebt____________
9 m's 156791 047jl3533,988,625 12233,942,317 222546 69819612,978,25018296,605,699
* Including $150,000,000 reserve fund
M O N TH LY C L EA RIN G S.
Clearings. Total All.
Clearings Outside New York.
Month.
1906.
1907.
%
$
S
Jan . . 15.020,747,342 10.333.604,104 — S .l
Feb . . 11,792,953,798 12.477.037.577 — 5.5
Mch . . 14.625,282,333 13,007,090.991 + 12.4
1st q r.
April .
M a y ..
June .
41,458,933,953
12,636,807,179
12.382,112,008
11,136,390,327
77.614,243,467
12.348.573,537
11,527,931,044
10,551,393,388
1906.
$
5,383.076,858
4,461,444,022
5,063.004.520
$
5,095,403,426
4,152,614,053
4,629,856,802
%
+ 5 .4
+ 7.4
+ 9.4
41,834,184,266 — 0.9 14,927,475,490 13,894,325.875 + 7.4
12,902.156.095 — 2.1 4,969,277,555 4.358,920.528 + 14.0
13,237,374,455 — 6.5 5,047,259,142 4,444.345.376 + 13.0
12.249.457.807 - 9 . 1 4,767,217,292 4,433.236,940 + 7.5
2d q u . 36.155.309,514 38.388.988 357
6 mos.
J u l y ..
Aug . .
S e p t ..
1907.
— 5.8 14,783,753,989 13,236,502,844 + 11.7
80.223.172.623 — 9.1 29,711,229,479 27.130,828,719 + 9 .5
11,648,370,242 + 5.9 5.036,811,132 4,391.844,139 + 14.4
13,143,574,455 — 12.3 4,637,440,554 4,310,373,219 + 7.6
12,513,065,891 — 15.7 4,521,164,641 4,199,233,986 + 7.7
3d q r . 34,427,897,969 37,305,010,58S
— 7.7 14.195,416.327 12,901,451,344 + 10.9
9 mos’_ 112042,141,4361117528,183,211
— 4.6 43,906,645,806 40,032,280,163
$S77,998,807 98
Total trust fund____$1,200,319,869 00
General Fund Holdings—
G old coin and b u llio n ..
$50,123,252 13
80,685,260 00
G old certificates______
Silver certificates_____
12,875,749 00
Silver dollars__________
4,063,364 00
Silver b u llio n _________
3,667,257 66
3,555,391 00
United States notes___
Treasury notes o f 1890.
6,652 00
National bank notes___
19,711,565 00
Fractional silver c o in ..
7,812,842 07
56 71
Fractional cu rren cy ___
Minor co in ......................
884,614 74
Bonds and interest paid
59,215 84
The course of bank clearings at leading cities of the country
for the month of September and since Ja nuary1 in each of
the last four years is shown inthe subjoined statement:
Total in banks______ $170,512,212 12
In Treas. of Philip. Is .—
Credit Treasurer of U .S.
$3,167,580 73
Credit U . S. dis. officers
2,426,285 08
Total .................. 9,859 11,904 10,300
692
593
586
Other cities..............
8,372 105,539 111,873 98,897
486
6.503
5,507 4.786
Total all----------- 10,551 12.497 10.886
Outside New Y o r k . 4,521 4,183 4,027
8,857 112,042 117,380 103,683 75,753
3.507 43,907 39,884 36,119 31,419
71,657
4.096
DEBT STATEM ENT SEPTEMBER 30 1907.
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued September 30 1907. For statement of August 31
1907, see issue of September 21 1907, page 698; that of Sep
tember 30 1906, see October 13 1906, page 866.
Amount
------------ Amount Outstanding-----------Interest
Issued.
Registered.
Coupon.
Total.
Title of Loan—
Payable.
$
S
$
$
2s. consols of 1930_____ Q . - J . $646,250,150 639,876.400 6,373,750 646,250,150
3s. Loan o f 1908-18____Q .— F .
198,792,660 37,316 900 26,628,560 63,945,460
4s, Loan of 1926 ______ Q .— F .
162,315.400 95,579,850 22,910,050 118,489,900
2s, Pan. Canal loan, 1916Q — N.
30,000,000 29,984,440
15,560
30,000,000
Aggregate int.-bearing d e b t .. 1,037,358,210 802,757,590 55.927,920 858,685,510
Mote.— Denominations o f bonds are:
O f $10, only refunding certificates; of $20, loan o f 1908, coupon and registered.
Of $50, all issues except 3s of 1908: of $100, ail Issues.
O f $500, all except 5s of 1904, coupon: of $1,000, all Issues.
O f $5,000, all registered 2s, 3s and 4s: of $10,000, all registered bonds.
Of $20,000, registered 4s, loan o f 1907; of $50,000, registered 2s of 1930.
$881,692,382 01 — $3,693,574 03
L IA B IL IT IE S .
ASSETS.
Trust Fund Holdings—
Trust Fund Liabilities—
G old co in _____________ $720,889,869 00 G old certificates______ $720,889,869 00
Silver dollars__________
473,723,000 00 Silver certificates_____
473,723,000 00
Silver dollars of 1 8 9 0 ..
5,707,000 00 Treasury notes of 1890 _
5,707,000 00
T o t. in S u b .-T re a s.. $183,445,220 15
In Nat. Bank Depositaries—
Credit Treasurer of U . S
158,304,380 82
Credit U . S. dls. officers
12,207,831 30
----------------September-------------- --------- — Jan. I to Sept. 30-----------000«)
1907. 1906. 11*05.
1904.
1907.
1906. 1905.
1904.
omitted.)
$
$
$
$
S
$
$
$
New Y o r k ..... .......... 6,030 8,314 6,859
5,355 68,135 77,496 67,564 44,334
993
842
834
722
9,283
8,064 7,332
Chicago ................
6,501
B o s t o n _______ . . .
559
602
579
476
6,280
6,066 5,572
4,734
P h ila d elp h ia ..........
543
576
562
460
5,493
5,672 5,047
4,057
S t. L ouis__________
257
227
218
223
2,372
2,164 2,129
2,014
P itts b u rg h ..............
201
194
195
156
2088
1,967 1,842
1,474
170
185
163
130
1,691
1,370 1,329
•San F rancisco_____
1,111
Cincinnati................
107
97
89
101
1,061
972
885
915
113
104
105
88
1,111
1,056
915
Baltimore ..............
793
K ansas,C ity............
154
109
105
101
1,221
947
860
790
C le v e la n d ..;..........
73
66
61
55
685
608
570
509
New Orleans______
68
65
58
57
695
688
666
683
Minneapolis ...........
100
81
82
85
807
664
601
543
L ou isville................
50
48
46
44
507
485
447
410
D e t r o i t . ..................
57
49
47
42
536
483
431
381
Milwaukee . . . . . . .
48
39
34
38
418
355
308
296
Providence ............
26
26
27
25
293
285
268
250
O m a h a ....................
51
39
36
33
425
367
322
289
B u ff a l o .................
34
30
28
26
327
288
253
239
39
34
29
27
341
291
236
S t. Paul....................
221
Indianapolis .........
31
29
27
28
311
265
248
234
D e n v e r ....................
37
28
28
23
303
248
237
165
R ichm ond________
25
22
19
19
239
222
189
173
15
13
15
15
171
168
174
Memphis ................
172
Seattle......... .............
42
43
25
20
370
348
208
158
H artford ................
12
14
13
10
142
135
122
103
Salt Lake C ity____
24
20
16
13
234
199
142
108
— $802,668’ 00
— 2,890.906 03
The foregoing figures show a gross debt on September 30 of
$1,267,550,122 04 and a net debt (gross debt less net cash in
the Treasury) of $877,998,807 98.
TREASU RY CASH AND DEMAND LIA B IL IT IE S.—
The cash holdings of the Government as the items stood
September 30 are set out in the following:
+ 9.6
Ml
B A N K CL E A R IN G S A T L E A D IN G C IT IE S.
Increase ( + ) or
A u g . 31 1907.
D ecrease (— ) .
$858,685,510 00
9,623,105 26 — $L3507500’ 66
400,044.174 78
+ 547,892 00
Total gross d ebt_________ ..$1,267,550,122 04 $1,268,352,790 04
Cash balance in Treasury *_ ._
389,551,314 06
386,660,408 03
3d q r 40,596.4783,620,268.050 3,073,937,02674,169,307 6,454,805,000 6,167,934,307
The following compilation covers the clearings by months
since Jan. 1:
00
50
00
28
Total trust Uabl’ lties.$1,200,319,869
General Fund Liabilities—
National Bank 5 % fund
$22,340,296
Outstanding checks and
d r a fts _______________
12,626,081
Disbursing officers’ bal
ances
____________
75,372,074
Post Office D epartment
a c c o u n t ___,................
7,659,858
Miscellaneous item s___
2,001,672
Total general liabilities,
00
70
78
19
85
50
$119,999,984 02
t
Cash Balance & Reserve—
Total cash and reserve. $389,551,314 06
Total in Phlippines.
$5,593,865 81
Made up of—
Ava lable $239,551,314 06
Reserve Fund—
Reserve Fund Holdings—
Gold coin and b u llio n .. $150,000,000 00 G old& bull.150,000,000 00
:7>
Grand to ta l................$1,709,871,167 08
Grand t o t a ______ ..$1,709 ,871 ,16 7 08
English Financial Markets— Per Cable.
The daily closing quotations for securities, &c., at London
as reported by cable havebeen as follows the past week:
London.
W eek ending Oct. 4.
Sat.
M on.
Tues.
W ed. Thurs.
F ri.
Silver, p e r o z _____________ d . 31% 31 3-16 30% 30 13-16 30 11-16 30 11-16
Consols, new, 2% per c e n ts .. 82%
82
82 1-16 82 3-16
82%
82 13-16
For account______________ 82%
82
c82 5-16 82 7-16
82%
83 1-16
French Rentes (in P a ris ). _fr. 94 07% 94.30
94,30
94.30 94.17% 94.15
Russian Imperial 4s________ 77
77
«276%
76
75%
76%
do
do
new 5 s . . . 87%
88
88%
87%
88%
Amalgamated Copper C o____ 59%
59%
61
60%
61%
6 Anaconda Mining C o ______
7%
7%
7%
7%
7%
7%
Atchison Topeka & Santa Fe 88%
87%
89
88%
87%
87%
Preferred_______________ _ 92
91%
91%
92%
91%
91%
Baltimore & O hio___________ 93%
91%
92%
92%
92
92%
P re fe rre d ........... .................86%
86%
86%
86%
S6%
Canadian Pacific_____ _______166
163%
168%
166%
165%
166%
Chesapeake & O h io________ 34%
34
34
34
34
34
Chicago Great W estern_____ 9%
9%
9
9%
9
9
Chicago Milw. & St. P a u l...1 2 0 %
120%
120%
122
120
121%
Denver & R io Grande, com . 24%
24
24%
24
24%
23%
Preferred..................... ........ 71
70
70
70%
69
69
Erie, com m on______________ 20%
20%
20%
20%
20
19% ■
First preferred___________ 47
47
47
47
47
47
Second preferred ........ ..
37
36%
36%
37%
36%
37%
Illinois Central_____________ 142
140
140
140
140
141
Louisville & Nashville______ 111
109
109%
109%
107%
108
Mexican Central____________ 17%
17%
17
17
15%
17%
Mo. Kansas & Texas, c o m .. 35%
34%
34%
34%
34
33%
67
67
66%
67
67
Preferred_________________ 67
National R R . of M exico____ 48
48
48
48
48
N. Y . Cent . & Hudson River 107%
107
108
108
107%
107%
N. Y . Ontario & W estern___ 34
33%
34
33%
33%
33%
Norfolk & W estern, com m on 73%
72%
73
72%
72%
73
Preferred________________, 84
84
84
85
85
Northern P a cific____________ 131%
131
132
131%
131%
a P en n sy lv a n ia .................... .. 61%
61%
61%
61%
61%
61%
a Reading C o _______________47%
46%
48
47%
48
48%
a First preferred__________41
41
40%
40%
40%
a Second preferred_______ 40
40
39%
39%
39%
R ock Island C o . .......................19
19
19
18%
18%
Southern Pacific______ ______ 85
84%
86
85%
84%
84%
Southern R y ., com m on_____ 15%
15%
16
15%
14%
15
Preferred_________________ 55
54
53%
56
53
52
Union Pacific, com m on_____ 129%
129%
131%
132%
130%
131%
Preferred_________________ 84
84
84
84
84
84
U . S. Steel Corp., co m m o n .. 27%
27%
28
27%
27%
27%
P referred............... ...............91%
90%
91%
91%
90%
90%
Wabash ......... ......................... 11%
11%
11%
12
11%
11
P r e fe r r e d ............................20%
20
20
20
20%
19%
Extended 4 s . .......................57%
57
57
58
57% !
a Price per share,
b £ sterling,c For N ovem ber account,
d E x-dividend.
[V o l . l x x x v .
THE CHRONICLE.
840
DIVIDENDS.
The following shows all the dividends announoed for the
FAILURES FOR TH IR D QUARTER AND SINCE future by all large or important corporations:
Dividends announced this week are printed in italics.
JAN. 1.— The following figures, prepared from Messrs. R.
G.
Dun & Co.’s statement, show the number of failures in
Books Closed.
Per \ When
the United States and Canada during the quarter ending
D ays Inclusive.
Cent. Payable.
Name of Company.
September 30 1907, and for the nine months ending with
Railroads (Steam ).
the same date. For purposes of comparison like figures Atchison Topeka & Santa f'e , common— ; 3
2 N ov. 8
to
D ec. o
D ec.
N ov. 10
ov. 10 N ov. 2
to
for the corresponding periods of the preceding year are given: Atlantic Coast Line R R ., preferred_____! 2 A N
to
N ov. 3
N ov.
1 O ct. 18
§
0m
roercm l and
i s t z l l n n te n ts H £***£
-------»-— 1907-----------A m o u n t of
N o . of
F a ilu res. L ia b ility ’s.
Th ird Q uarter.
$ 5 ,8 1 4 ,7 9 5
279
N e w E n g la n d S ta te s .
562
24,7 4 9 ,5 5 7
M id d le S ta tes.
. . .
397
3 .7 3 0 ,4 9 9
S o u th e rn S tates
976 ,169
S o u th w e ste rn S ta tes _
6,5 0 4 ,7 2 2
_ . 501
C en tral W e s te rn S t a t e s . .
1 ,2 9 7 ,7 3 7
250
F a r W e ste rn S ta te s ________ - . 3,3 9 4 ,2 0 7
289
P a cific S ta te s _______ __ — - . -
---------- -1 9 0 6 -----------N o . of
A m o u n t of
F a ilu res. L ia b ilities .
$ 2 ,0 3 8 ,5 8 5
275
460
7 ,5 1 4 ,5 6 8
385
2 ,9 9 9 ,4 5 0
1,428,421
258
5 ,9 0 9 ,2 6 4
432
300
1,084,601
190
1 ,021,274
.2 ,4 8 3
$ 4 6 ,4 6 7 ,6 8 6
2,3 0 0
$ 2 1 ,9 9 6 ,1 6 3
297
D o m in io n o f C a n a d a .
____ - - _
N in e M on th s.
N ew E n gla n d S tates - _ ------- - - 885
- _ _ 1 ,9 3 7
M id d le S t a t e s . ..........
$ 4 ,0 0 3 ,8 0 4
235
$ 1 ,6 1 1 ,4 1 4
$11 ,371,126
5 8,6 9 2 ,1 5 2
1 4,162 038
4 ,3 7 6 ,5 8 3
15,729,851
4 ,4 9 2 ,4 4 0
7 ,2 1 2 ,1 5 8
993
1,612
1,389
823
1,475
962
658
$8 ,6 6 4 ,3 7 2
2 3 ,4 9 8 ,2 2 2
14,042,301
5 ,4 6 4 ,8 1 3
2 3 ,3 7 8 ,7 03
5 ,746,621
3 ,8 6 5 ,2 0 5
$ 1 1 6 ,0 3 6 ,3 4 8
7,912
$ 8 4 ,6 6 0 ,2 3 7
$ 8 ,0 0 0 ,1 2 8
867
$ 6 ,8 2 6 ,3 6 9
A g g re g a te U n ited S ta te s .
S o u th w e ste rn S ta te s ________
C en tral W e s te rn S t a t e s ___
F a r W e s tern S ta te s . _ . - .
P a cfic S ta tes
_ ________
A g g e g a te U n ite d
...
705
--.1 ,4 1 9
_ _ . 842
...
776
S ta t e s . . . . 8 , 0 9 0
D o m in io n o f C a n a d a ____
._ . . .
870
The record of failures by quarters for the three quarters
of the la.st twenty-one years is as follows:
-F irst Q uarter—
— S econ d Quarter—
— T hird Q uarter—
A m o u n t of
A m o u n t of
A m o u n t of
N o.
N o.
N o.
F a ilu r e s . I n a b ilities . F a ilu res. L ia b ilities. F a ilu res . L ia bilities.
years—
1,938 $73,022 ,556
$ 3 2 ,1 6 1 ,7 6 2
1905 $2 2 ,9 7 6 ,3 3 0
1 8 8 7 ______ ____ 3,007
2,361
3 8 ,8 8 4 ,7 8 9
2,241
2 9 ,2 2 9 ,3 7 0
22,1 1 4 ,2 5 0
____ 2,948
1 88 8.
4 2 ,9 7 2 ,5 1 6
2 2 ,8 5 6 ,3 3 7
2,2 7 6
3 0 ,2 2 7 ,0 4 5
2,292
1 8 8 9 ______ ____ 3,311
2 7 ,4 6 6 ,4 1 6
2,1 9 6
3 5 .4 5 2 ,4 3 6
2,162
3 7 .8 5 2 ,9 6 8
1 89 0______ ____ 3,223
4 4 ,3 0 2 ,4 9 4
2,529
5 0 ,2 4 8 ,6 3 6
2,754
. 4 2 ,1 6 7 ,6 3 1
1 8 9 1 ______ ____ 3.545
1,9 8 4
1 8 ,6 5 9 ,2 3 5
2,119
2 2,989,331
3,384
3 9 ,2 8 4 ,3 4 9
1892,
-3,199 1 2 1 ,541 ,23 9
4,015
82,469,821
4 7 ,3 3 8 ,3 0 0
3,202
1 8 9 3 _____
2 9 ,4 1 1 ,1 9 6
6 4 .1 3 7 ,3 3 3
2,735
3 7 ,6 0 1 ,9 7 3
2,868
1 8 9 4 ______ ____ 4,304
2,855
4 1 ,0 2 6 ,2 6 1
2,7 9 2
3 2 ,1 6 7 ,1 7 9
4 7 ,8 1 3 ,6 8 3
1 8 9 5 _____
3,802
7 3 ,2 8 5 ,3 4 9
5 7 ,4 2 5 ,1 3 5
2,995
4 0 ,4 4 4 ,5 4 7
3,757
1896
4,031
2,889 4 3 ,6 8 4 ,8 7 6
2 5 ,6 0 1 ,1 8 8
48,007,911
2,881
1 8 9 7 ______ ____ 3 ,932
3 4 ,4 9 8 ,0 7 4
2 5 ,1 0 4 ,7 7 8
2,540
3,687
3 2 ,9 4 6 ,5 6 5
3,031
1 8 9 8 ______
1 4,9 1 0 ,9 0 2
1 7 ,6 4 0 ,9 7 2
2 7,152,031
2,081
2,001
1 8 9 9 ...........
2 772
4 1 ,7 2 4 ,8 7 9
2,519
2 7 ,1 1 9 ,9 9 6
2,438
1 9 0 0 ______ I I I I 2 *894 3 3 ,0 2 2 ,5 7 3
2 4 ,1 0 1 ,2 0 4
2,324
2 4 ,7 5 6 ,1 7 2
3 1 ,7 0 3 ,4 8 6
2,424
1 9 0 1 ______ ____ 3,335
2 5 ,0 3 2 ,6 3 4
2,747
2 6 ,6 4 3 ,0 9 8
2,511
3 3 ,7 3 1 ,7 5 8
1 9 0 2 ______ ____ 3,418
3 4 ,8 5 8 ,5 9 5
3 2 ,4 5 2 ,8 2 7
2,548
3 4 ,3 4 4 ,4 3 3
2.4 2 8
1 9 0 3 ______ ____ 3.200
3 2 ,1 6 8 ,2 9 6
2,8 7 0
3 1 ,4 2 4 ,1 8 8
2,9 6 9
48,0 6 6 ,7 2 1
1 9 0 4 ______ ____ 2,344
2,5 9 6
2 5 ,7 4 2 ,0 8 0
2 0 ,3 2 9 ,4 4 3
3 0 ,1 6 2 ,5 0 5
2,767
1 9 0 5 _____ ____ 3,443
2 8 ,9 0 2 ,9 6 7
2 1 ,9 9 6 ,1 6 3
3 3 ,7 6 1 ,1 0 7
2 ,5 1 0
2,300
1 9 0 6 ______ ____ 3,102
37,4 9 3 ,0 7 1
4 6 ,4 6 7 ,6 8 6
2,471
2,4 8 3
32,0 7 5 ,5 9 1
1 9 0 7 ______ ____ 3,1 3 6
National Banks.—The following information regarding
national banks is from the Treasury Department:
A P P L I C A T I O N T O C O N V E R T IN T O N A T I O N A L B A N K S
APPROVED.
T h e S ta te Saving's B a n k o f K a n a w h a , I o w a , in to “ T h e F irst N a tio n a l
B a n k o f K a n a w h a .”
C a p ital $ 2 5 ,0 0 0 .
T h e B a n k o f N e w a r k , A rk a n sa s, in to " T h e F irs t N a tio n a l B a n k o f
N e w a r k .”
C a p ita l, $ 25 ,000 .
N A T IO N A L B A N K S O R G A N IZ E D .
C e r tific a te s issued from S ep t. 23 1907 to S ept- 28 1907, in clu sive.
8 .8 8 4 — T h e C itizen s' N a tio n a l B a n k o f G ra n d S a lin e . T e x a s .
C a p ita l,
$3 0 ,0 0 0 . J n o . M . D e a n , P re s id e n t: W . E . E a s te r w o o d , V iceP re sid e n t; K . N . M a tth e w s , Cashier.
8 .8 8 5 — T h e Cen tral N a tio n a l B a n k o f L in c o ln , N e b ra sk a .
C a p ita l, $150.0 0 0 . ’ P .L . H all P re sid e n t; F . E . J o h n so n . V ic e -P r e s id e n t; B em an
C. F o x , C ashier; W . W . H a c k n e y J r ., A ssista n t Cashier.
8 .8 8 6 — T h e F irst N a tio n a l B a n k o f S h e y e n n e , N o rth D a k o ta .
C a p ita l,
$2 5 ,0 0 0 . H . P e e p le s , P re sid e n t; S. M . N e ls o n , V ic e -P r e s id e n t;
S . G . S e v e r ts o n , C ashier. C o n v e rsio n o f th e B a n k o f S h e y e n n e
8 .8 8 7 — T h e G erm a n -A m erie a n N a tio n a l B a n k o f M a rlon , W isc o n s in .
C a p i
ta l, $ 2 5 ,0 0 0 . N . M . E n g le r , P r e s id e n t; R C . B r o w n , V ic e -P r e s i
d e n t; Chas. J . VVojahn, S e c o n d V ic e -P r e s id e n t; J . H . D rlessen ,
C ashier. •
8 .8 8 8 — T h e F irst N a tio n a l B a n k o f H a rriso n , N e b r a s k a .
C a p ita l, $ 5 0 ,0 0 0 .
F . W . C lark e. P resid e n t; W . H . D a v is , Cashier.
8 .8 8 9 — T h e First N a tio n a l B a n k o f S a v a n n a h . T en n essee.
C a p ita l, $5 0 ,000 . E . D . P a tte rso n , P re sid e n t; H . E .W illia m s . V ic e -P r e s id e n t; J .J .
W illia m s , Cashier; A . J. W illia m s , A ssista n t Cashier. C o n v e rsio n
o f T h e B a n k o f S av an n ah .
8 .8 9 0 — T h e P e o p le ’s N a tio n a l B a n k o f W e s t C o n s h o h o c k e n , P e n n s y lv a n ia .
C a p ita l, $ 2 5 ,0 0 0 . C laren ce H o d s o n , P re sid e n t; J o h n F ea rn sld e
V ic e -P r e s id e n t; H en ry W e lls , Cashier.
8 .8 9 1 — T h e F irst N a tio n a l B ank o f C a n to n , T e x a s .
C a p ita l, $25 ,0 0 0 .
M . L . C o x , P resid en t; L . L . J ester, V lc e -P e r s id e n t; S p s n ce r S tarn es,
Cashier; I r b y C h risto p h e r, A ssista n t C ashier.
8 .8 9 2 — T h e F irst N a tion a l B ank o f P a le stin e , I llin o is .
C a p ita l, $25 ,0 0 0 .
E . II. B u rrid g e, P re sid e n t; E . E . M a t t o x , V ice -P re sid e n t,: C. E .
P a tt o n . Cashier; C. F . B u rrid g e , A ssistan t Cashier.
8 .8 9 3 — T h e F irst N a tion a l B a o k o f Chateaugay, N ew Y o r k .
C a p ita l,
$ 7 5 ,0 0 0 .
B . C. B o r t, P re sid e n t; C. L . B e n tle y , V ic e -P r e s id e n t;
F . P . K e n n e d y . Cashier; E . W . P o w e rs, A ssistan t C ashier.
8 .8 9 4 — T h e C itizen s’ N a tio n a l B a n k o f W a s h in g to n , G eorgia.
C a p ita l,
$ 5 0 ,0 0 0 . R . O . B a rk s d a le , P re sid e n t; J. S. C ro u c h , V ic e -P r e s i
d e n t; C. E . I r v in . C ashier.
8 .8 9 5 — T h e F irst N a tion a l B a n k o f W a it s b u r g , W a s h in g to n .
C a p ita l.
$ 5 0 ,0 0 0 . L ew is N e a c e , P re s id e n t; J . W . M o rg a n , V ic e -P r e s id e n t;
W . G . S h u m a n , C ashier. C o n v e rsio n o f T h e M e rch a n ts’ B a n k o f
W a itsb u r g .
8 .8 9 6 — T h e F irst N a tio n a l B a n k o f B u ffa lo , O k la h o m a T e r r ito r y .
C a p ita l,
$2 5 ,0 0 0 . H . F . J o h n so n , P re sid e n t: E . C. J o h n so n , C ashier.
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
S tocks.
'
3 M o n m o u th C o. H orse
S h ow A s s n ., $50 ea -$10 lo t
40 C o p p e r Q ueen C on s. M ’g
C o ., $10 e a c h - $105 p er sh.
500 R a y C jp p e r C o .,$ 1 0 e a . i
10 K n ic k e r b o c k e r Steam -1
b o a t O o ________ ___ |
• 700 S o n o ra C on sol. M ill. &
M in . C o ., $5 e a c h . . ! - S17 lo t
100 S u t r o T u n n i lC o .,$ 1 0 e a )
1,000 T a y lo r P lu m a s M ill. <Sc
M in. C o ., $1 e a c h - _ j
$1,0 0 0 N o te o f E llz a b e th P r ic e j
5 G erm an A m e r ic a n F ire
I n s u ra n ce C o ____
460
S tocks.
200 W e s te rn R y . o f M e x ico ,
£ 1 0 e a c h _______ $26 lo t
5,0 0 0 A z t e c T u rq u o is e C o ., $1
each
$475 lo t
10 H ill B roth ers C o __ 100
25 F o u rth N a tio n a l B a n k . 170
10 H a n o v e r N a t. B a n k _490
350 H a m ilto n B o n d & M tge.
Co
$100 lo t
9 B a r n e y & S m it h C o .,c o m . 56
3 M e rca n tile N a t. B a n k . . 190
B on d s.
$1,0 0 0 H u d s o n R i v . E le c . P o w .
C o. 1st 5s, 1 9 4 4 ......... 66
$13 ,0 0 0 N . Y . G ra n ite B rick
C o . 1st 6 s - - ............. ..
25
Central of New Jersey (qu ar.)....... .......... j 2
Clev. Cin. Chic. & St. Louis, pref. (quar.)
IX
Cripple Creek Cent., com . (qu.) (No. 9 )--!
IA
1
Preferred (quar.) (N o. 10)-----------------j
Delaware Lackawanna & West, (quar.), I 2 A
Erie, first preferreu____________________ | 2d
Second p referred ____________________ i 2d
4
Evansville & Terre Haute, com m on-----Preferred........... ...................- ................. I 2 A »
Georgia Railroad & Banking (quar.)-----2K
Great Northern (qu ar.)___________ _____
IK
1
Kansas City Southern, preferred (quar.)
2
Minn. St. P . & S. Ste. Marie, com .(N o.9)
Preferred (X o . 9 ) ____________________
3^
New Y ork Central & H ud. River (quar.)
IA
Pitts. F t. W’ ayne & C hic., guar. (q u a r.).
IK
Reading, second preferred_____________
Southern, preferred---- ------------ -------------IA
Toledo St. Louis & Western, preferred., j 2
Warren, guaranteed____________________ ! 3 A
Street Railways.
Aurora Elgin & Chicago, com . (N o. 1 ) ..
K
Preferred (qu ar.)____________________ \ * K
75c.
Boston Suburban Elec. Cos., pref. (quar.)
Brooklyn City R R., guaranteed {quar.) —
2A
Cin. New p. & Cov. LI. &. Trac., com. (qu.)
K
Preferred (quar.)______ _________
IA
City Railway, Dayton, O., common (quar.)
IK
Preferred (quar.)_____________________
i-A
Columbus Railway <Jfc Light______________
A
East St. Louis & Suburban, pref. (quar.).
IK
Havana Elec. R y ., pref. (quar.) (N o. 7)_
1A
Manchester ( X . II.) T r .. Ll. & P . (quar.)
New Orleans Railways & Light, pref____ 62 A c .
Philadelphia Company, common (quar.).
1A
United Railways, St. Louis, pref. (quar.)j
IK
Banks.
Gallatin National (No. 1 5 0 )- - __________ j 6
Produce. Exchange, S ew Y o rk ........... ........ 1 3
1
E x t r a _____ _______________ _____ _____
Fire Insurance
5
North River...............................•.............—
Miscellaneous.
3
Amer. Agric. Chemical, pref. (N o. 1 7 )-.
American Caramel, com mon (qu ar.).
1A
Common (extra)........................... ..........
A
American Chicle, common (m onthly)____| 1
American Locom otive, preferred (quar.)
IK
American Shipbuilding, pref. (quar.) —
IK
Am er.Sm elt.it Ref ..com .(quar.) (N o .16)
2
American Telephone & Teleg. (q u a r .)..
1
American T ype Founders, com m on (qu.)
Preferred (qu ar.)......... .......... .................
IK
American Woolen, pref. (qu.) (No. 3 4 )-.
IK
Anaconda Copper Mining (quar.) (N o.2%) $1.25
Associated Merchants, first pref. (q u a r.)..
1 '4
First preferred (extra) (q u a r .).............
K
Second preerred (quar.)..... ................... ! 1 A
Second preferred (extra) (q u a r .)...........
A
Bell Telephone of Canada (qu ar.)______
Beil Telephone of Philadelphia (qu ar.)_.
1A
Central Coal & Coke, com m on (q u a r.)___
lA
Preferred (qu ar.).....................................
IK
Cent. & South American Telegraph (qu.)_
1A
1
Chicago Pneumatic Tool (quar.)________ !
2
Claflin ( / / . B .), common (quar.)..............-,
C om Products Refining, p rjf. (q u a r .).. . 1
Distillers’ Secur. Corp. (quar.) (N o. 20)_ ; 1 A
Distilling Co. of America, pref. (q u a r.).,
1A
du Pont (E .I.) de Xem . Poic., com .(quar.)t I K
Preferred (quar.)_______________ _____
IK
Edison Elec. III., Boston (quar.) (X o . 74).
2A
2
General Electric (q u a r .) _______________
Ilecker-Jones-Jeweil Milling_____ _. —
12
1
Hudson River Telephone (q u a r.)...........
2
Internatonal Banking Corporation___
1
In i. Buttonhole Sew . M ach. (qu.) (N o. 40)
International Nickel, preferred (q u a r .)..
1A
4
Int. Smokeless Pow. <i- Chern., pref. (quar)
Knickerbocker Ice, preferred (N o. 18)____
3
Massachusetts Lighting Cos. ( q u a r .) ____
1A
Mexican Telegraph ( q u a r .)..-----------------■2A
National Biscuit, com m on (q u a r.).........
IK
National Carbon, common (q u a r )______
1
National Fire Proofling, pref. (qu ar.)___
1
2
New York A ir Brake (q u a r.)----------------- j
New Y ork D ock , preferred------------------2
N. Y . & N .J . Telephone (qu.) (No. 9*)). . I K
Nova Scotia Steel A Coal, common......... .1
1A
Preferred .................... ...........................
Otis Elevator, com m on and pref. (quar.)
1A
Pennsylvania Salt M anufacturing-.-----1}
1
Extra -----------------------------------------------Procter & Gamble, preferred ( q u a r .)... , 2
Pullman Company (quar.) (No. 163)----Quaker O ats, com m on (qu ar.)__________
1A
com m on (extra).......................................
A
2
Railway Steel Spring, com m on................
Realty Associates (N o. 9 ) _____ _________ i 3
2
E x t r a ------------------------------------ ---------o
Reece Buttonhole Machine (quar.) (No. 86)
Rhode Is!. Perkins Horseshoe, pf.(qu a r.) j I K
Extra 1 ____________ _____ ____ _______|
A
Standard Underground Cable (quar.)____
3
Street’s W est. Stable Car L ., com . (quar.)
A
Swift * C o . (quar.) ( N o . 8 4 )......... i...........
IK
1
Tennessee Coal, Iron d: R R., com. (quar.)
2
Preferred (quar.)--------------------------------1
Union Bag & Paper, pf. (quar.) (N o. 34)
3
Union Switch & Slngal, com . & pf. (qu .)
2
United Fruit (quar.) (N o. 3 3 )....... .............
2
United Gas Im provem ent ( q u a r .) ............
2
United Shoe Mach. Corp., com . (q u a r.)..
Preferred (qu ar.)......................................
IA
l
United States Glass (quar.)......... ...............
2
United Stales Rubber, first pref. (q u a r.)..
Second preferred (quar.)________
IA
V . S. Smelt.. Ref. & .Min., com. (quar.).
IK
Preferred (quar.)_________ __________
IK
K
United States Telephone, com . (qu ar.).
Preferred (quar.)......... ..................... —
1A
Si
Utah Consolidated M in in g ____________
2
Va.-Caro. Chem., pref. (gu ar.) (N o 4 8 ).
Vulcan Detlnnhu/. preferred (quar, ) . . . . _
1«
Western UnlonTeleg. (quar.) ( N o. lo ti)_
m
Westinghouse Air Brake (q u a r.)............
2A
E x t r a ..... .............................................- 2A
Westlnghouse Elec. & M fg., all stocks2A
Westlnghouse Machine (quar.) (N o. 4 8 ) . ' 2 A
Nov.
O ct.
O ct.
N ov.
O ct.
O ct.
O ct.
O ct.
O ct.
N ov.
O ct.
O ct.
O ct.
21;O ct. 8
to
to
21>Oct. 12
to
21 O ct. 12
to
21 O ct. 4
to
Sept. 18
O ct. 11
to
to
1 Sept. 21
to
15 Sept. 15
to
15 O ct. 2
to
1 O ct. 16
15 O ct.
1
to
15 S e p t .28
to
15 Sept. 28
to
15 Holders of rec.
8 Sept. 15
to
9 Holders of rec.
to
17 Sept. 22
15 O ct.
1
to
15 O ct. 6
to
O ct.
O ct.
O ct.
O ct.
O ct.
N ov.
O ct.
O ct.
O ct.
N ov.
O-1.
O ct.
O ct.
Sept.
O ct.
O ct.
O ct.
O ct.
Oct.
30
21
21
20
8
5
21
15
14
34
1j
15
30
8
22
17
15
14
Oct.
O ct.
O ct.
Oct.
Oct.
O ct.
O ct.
O ct.
O ct.
Nov.
O ct.
O ct.
Oct.
N ov.
O ct.
7 Sept. 26
7 Sept. 26
15 Holders
18 O ct. 4
15 O ct. 1
1
15 O ct.
1 S e p t .21
1 Sept. 21
15 Holders
1 Holders
15 Sept. 30
15! Holders
15 O ct.
1
1 Holders
10 S ept. 26
O ct.
O ct.
Sept
O ct.
O et.
O ct.
Sept
Sept
O et.
O ct.
O ct.
O c t.
O ct.
O ct.
O ct.
15
15
28
15
15
15
30
30
1
15^
15
la
14
1
10
O ct.
O ct.
Oct.
5 Holders of rec. Sep. 25
15 O ct. 7
to
O et. 15
15 O ct. 7 . to
O ct. 15
O ct.
10 O ct.
O ct.
O ct.
O ct.
O ct.
3
to
to
o f rec.
to
to
to
to
to
o f rec.
of rec.
to
o f rec.
to
of rec.
to
to
O ct.
to
Sept 30
O ct. 15 Sept. 20
1
N ov.
1
N ov.
to
Oet. 20.
O ct. 19 O ct. 13
to
O ct. 21
Oct. 21 S e p t.28
to
O ct. 15
O ct. 15 Sept. 8
to
O ct. 15
15 Sept. 28
O ct.
O ct. 14
to
O ct. 15 O ct. 1
15 Holders of rec. O ct. 10
O ct.
O ct.
15 Holders of rec. O ct. 10
O ct. 15*
to
15 S e p t .27
O ct.
O ct. 14
16|Oct. 6
to
O ct.
O ct. 1515] O ct. 8
to
O ct.
to
O ct. 15
O ct.
lo 'O ft . 8
to
O et. 15
O ct.
15'Oct. 8
to
O ct. 15
Oct.
15 O c t . S
15 Holders o f rec. Sept 25
O ct.
to
O et. 15
O ct.
15 O ct. 6
O ct. 15 O ct. 1
to
O ct. 15
O ct. 15
O ct.
15 O ct. 1
to
to
O ct.
9 O ct. 1
Oet. a
to
O ct. 25 O ct. 16
O ct. 25
IS O ct. 6
O ct.
to
O ct. 15
to
O ct. 9
O ct.
10.O ct.
1
____ ___
O ct. 26 Sept. 20
to
O ct.
15 S e p t.26
to
O ct. 16
Dee. 14 Holders of rec. Df c. 4
O ct. 25 Holders of rec. O e t. 15
N ov.
1 Holders of rec. O ct. 15
O ct.
15 Holders of rec. Sep. 14a
O ct. 30
O ct. 30
to
O ct. 15
O ct.
15 O ct. 6
O ct.
10 Holders o f rec. O ct. 5
Oct.
15 Holders of rec. O ct. 5
Nov
1
N ov.
1 O ct. 11
to
N ov. 15 Holders o f rec. O ct. 31
O ct. 25
O ct. 25 O ct. 13
to
1
O ct.
15 Holders of rec. O ct.
O ct. 16
1
to
O ct.
16 O ct.
O et. 15
15 S ept.30
to
O ct.
O ct. 15
to
O ct.
15 O ct. 5
1
O ct.
15 Holders o f rec. Oet.
O ct. 21
to
O ct. 22 O ct. 5
O ct
16 Holders o f rec O ct. 1
O ct.
15 Holders o f rec. O ct. 5
O ct. 5to
1
O ct.
15 O ct.
O ct. 5
to
1
O ct.
15 O ct.
O ct.
15 Holders of rec Sept 30
Opt.
15 Holders o f rec. Sept 23
15 Holders o f rec. Sept 23
O ct.
to
O ct. 14O ct.
15 Sept. 22
Nov. 15
5
15 Holders of rec. O ct.
O ct.
15 Holders of rec. O ct. 5
O ct.
to
O ct. 22
O ct. 22 O ct. 11
15 Holders o f rec. O ct. 5,
O ct.
15 Holders o f rec. O ct. 5
O ct.
15 Holders o f rec. O ct. 5
O ct.
15 Holders o f rec. O ct. 1
O ct.
15 Holders o f rec. O ct.
O ct.
1
O ct. 10 O c t. 5
to
O ct. 10
O ct. 25 O c t . 15
to
Oet. 25
7
7iSept. 22
O ct.
to
O ct.
N ov.
I O c t . 11
to
Nov
3
N ov.
I O c t . 11
to
Nov 3
O ct.
15 O ct. 1
to
O ct. 15
O ct.
10 O ct.
1
to
O ct. 10
O ct.
li Holders of rec Sept .^6
O ct
15, Holders of rec. Sept 30
O ct.
15 Holders of rec. Sept : o
O ct.
15 Holders o f rec. Ft Ft . £0
O ct.
11 Holders of rec. Sept 28
,Oct. 31 Holders o f rec. Oet. 15a
O ct. 31 Holders of rec. Oet. 15<r
iOct.
15 Holders o f rec. O ct.
1
O ct.
15 Holders o f rec. O ct.
1
O ct. 25 Holders o f rec. O ct. 15
! O ct. 15 Holders o f rec O ct.
I
iOct.
9
1. S 11.22
to
O ct.
Ct. 15 Sept. 29
to
O ct. 15
O ct. 21
IOct. 21 O ct. 11
to
to
O ct. 10
iOct.
15 Sept. 21
to
O ct 10
;Oct.
10; Sept 21
O ct 10
to
O ct.
10 Sept. 21
O ct. 10
O ct. 10 O ct. 4
to
O
ct. 10
to
!Oct. lO O c t. 1
a Transfer books not closed,
b Also 2 A % payable April 15 1908. d Payable in
dividend warrants; also 2 % declared on se?oDd preferred, payable to holder?
o f record April 10 1908
Statement of New York City Clearing-House Banks.—
The following statement shows the condition of the New
York City Clearing-House hanks for the week ending Sept. 28.
It should be distinctly understood that as to all items
except capital and surplus the figures are the averages of the
daily results, not the totals at the end of the week. In
other words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
W e om.lt tuo ciphers (00) In all cases.
Banks.
00s omitted.
Bank o f N. Y ._
Manhattan C o.
Merchants’ ____
Mechanics’ ____
America . - - P h e n lx ..............
C it y ----------------Chem ical. - - ___
M erchants’ E x .
G allatin_______
Butch. & D rov.
Mech.& Traders
G re e n w ic h ____
Am er. E x ch __
Com m erce_____
Mercantile_____
Pacific _______
Chatham ______
People’s __ .
North Am erica.
H a n ov er______
Citizens’ C en t-.
N a s s a u ......... ..
Market & F u lt.
M etropolitan .
Corn ExchangeOriental ______
Im p. & Traders’
P a r k _____
East R iver____
F ou rth...........
Second............. ..
First _...
Irving Nat. E x .
B o w e r y _______
N . Y . C o u n ty .German-Amer .
Chase..................
Fifth A v e n u e .German E x ch ._
Germania ___
Lincoln
Garfield F i f t h __________
M e tro p o lis ____
W est Side.........
Seaboard______
First N at..Bkl’n
L ib e r t y _______
N. Y . Prod. E x .
NewAmsterdam
S t a t e ........... ......
14th Street____
841
THE CHRONICLE.
O ct . 5 J9U7. |
Capital.
Surphts.
$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
3,000,0
600,0
1,000,0
300,0
2,000,0
500,0
5,000.0
25,000,0
3,000,0
500,0
450,0
200,0
2,000,0
3,000,0
2,550,0
500,0
1,000,0
2,000,0
3,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
500,0
10,000,0
2,000,0
250,0
500,0
750,0
5,000,0
100,0
200,0
200,0
500,0
1,000,0
250,0
1,000,0
200,0
1,000,0
300,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
$
2,991,2
3,040,9
1,621,8
3,723,5
4,544,6
483,0
23,582,0
5,640,8
526,6
2,466,5
153,2
943,3
716,5
5,020,2
14,928,1
5.043,6
798,9
1,051,1
470,2
2,207,6
8,671,6
1,127,2
365,4
1,586,2
979,9
4,993,3
1,215,9
7.206,4
8,934,8
123,6
3,228,1
2,005,4
19,682,9
1,151,0
784,9
578,9
607,4
4,641,0
1,859,9
866,4
960,5
1,584,7
1,368,5
462,4
1,765,1
807,3
1,434,3
701,4
2,360,0
656,2
266,6
751,3
416,2
Loans.
Specie.
Legals. D eposls. a |Re
s' rve
$
$
16,992,0
2,223,0
23,356,0
4,666,0
15,901,3
3,628,7
19,928,0
2,980.0
3,268,9
20.516,1
7,872,0
1,659,0
157,656,1 33,597,7
26,750,0
5,024,5
6,141,1
1,291,5
8,036,6
837,8
2,186,2
511,7
16,024,0
3,313,0
5,749,8
1,116,0
27,060,0
3,108,2
137,253,9 15,890,2
17,897,2
2,218,4
2,948,1
303,1
5,541,1
583,2
2,176,3
395,5
15,412,8
1,670,7
55,590,4 11,128,9
20,601,8
3,211,3
3,789,5
221,0
7,478,7
1,272,0
11,202,3
2,148,6
36,434,0
5,504,0
10,110,7
1,428.1
24,741,7
4,059,0
71,735,0 17,711,0
1,227,1
204,0
19,035,1
3,487,1
8,617,0
1,326,0
95,841,3 21,066,1
3,032,4
15,218,8
3,452,0
637,0
6,178,0
847,7
3,876,2
727,3
52,130,2 12,670,4
9,368,2
2,080,3
3,576,4
195,0
4,615,6
738,2
1,011,4
12,405,6
7,445,1
1,528,2
3,040,7
581,2
9,001,2
1,103,7
3,958,0
452,0
15,568,0
3,262,0
3,986,0
291,0
12,735,8
2,476,8
6,480,6
1,466,4
4,457,8
910,6
14,087,0
2,596,0
6.967,1
1,146,1
$
1,704,0
2,187,0
1,044,7
2,015,0
2,278,7
121,0
2,100,0
1,755,1
363,2
601,2
55,8
1,447,0
350,0
1,297,6
12.171.9
854,9
649,2
902,4
268,0
1,572,2
6,078,1
2,313,5
535,4
612,1
190,4
5,292,0
391,1
1.414,0
2,965,0
123,7
1,898,4
1,043,0
635,6
887,0
93,0
423,8
197,1
1,472,?
713,5
750,0
846,9
2,128,2
310,7
211,1
985,3
580,0
1,376,0
526,0
421,4
457,9
417,9
157,0
450,4
$
%
15,050,0 26.0
26,114,0 26.2
18,045,4 25.8
19,299,0 25 8
20,856,0 26.6
7,082,0 25.1
135,141,7 26.4
25,861,0 26.2
6,497,8 25.4
5,391,6 26.6
2,008,5 28.2
18,663,0 25.5
6,004,1 24.4
18,790,6 23.4
111,775,9 25.1
12,700,3 24.2
3,412,6 27.8
5,458,6 27.2
2,345,2 28.3
14,016,9 23.1
63,993,4 26.8
20,24«,9 27.2
3,669,3 20.6
7,042,3 26.7
10,896,6 21.4
41,858,0 25.8
9,955,8 18.2
21,474,0 25.4
79,763,0 25.9
1,401,7 23.3
19,306,9 27.8
8,974,0 26.3
83,761,7 25.9
14,662,0 26.7
3,566,0 20.4
6,118,5 20.7
3,679,9 25.1
56,136,8 25.1
10,075,7 27.7
4.093,2 23.0
5,894,5 26.8
12,855,1 24.4
7,451,9 24.7
3,071,5 25.7
8,453,2 24.7
4,328,0 23.8
17,735,0 26.1
3,552,0 23.2
11,024,7 26.2
7,514,7 25.6
5,270,2 25.2
15,527.0 21.8
7,324,0 17.7
T o t a ls ......... .. 129,400,0 164,09S,3 1100,351,5 198,807,9 70,637,1 1055,193,7 25.5
New York City, Boston and Philadelphia Banks.— Below
is 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:
W e omit two ciphers (00) in all these iigures.
Banks.
Capital.
\ and
! Surplus.
New York
%
Aug. 3 1 -- 290,807,4
Sept. 7 . . 293.498.3
Sept.l4__ 293.498.3
Sept .2 1 .. 293.498.3
Sept.2 8 -- 293.498.3
Boston.
Sept. 7 . . 43,680,0!
Sept 1 4 -. 43.680.0
Sept .2 1 .. 43,680,0|
Sept.28--| 44,036,0,
I'hila. |
Sept. 7 - . 51,165,0!
Sept.14._i 51.165.0
Sept.21__i 51.165.0
S ept.28- _ I 54.440.0
$
$
1087,985,4|200,889,5
1088,597,2:200,317,4
1088,972,2 :198,909,9
1097,579,0 202,396,5
1100,351,5| 198,807,9
186.313.0
186,379,0!
186.750.0
189,076,0!
Sur
plus.
N. Y . City.
Boroughs o /
M a n .& B fx .
$
$
$
W ash. H gts.
100,0
183,6 1,004,4
Century ____
200,0
149,5 1,145,9
Chelsea Exch
100,0
115,6 1,332,5
C o lo n ia l____
454,3 4,046,2
100,0
C olu m b ia__
300,0
476,0 5.875,0
Consol. N at. 1,000,0 1,114,7 5,063,6
F id e lit y ____
200,0
149,5
882,5
H am ilton___
200,0
288,7 5,615,9
Jefferson____
500,0
680,4 4,081,1
Mt. M orris..
250,0
235,3 2,158,6
M utual_____
200,0
297,1 3,054,6
19th W a r d ..
300,0
480,3 3,927,9
100,0
372,6 3,771,0
Plaza ...........
12th W a r d ..
200,0
230,5 2,416,0
23rd W a r d ..
100,0
182,7 1,635,4
750,0
912,4 9,262,4
Union E x ch .
100,0
400,3 3,533,3
Y o r k v llle ___
500,0
625,5 4,782,0
Coal <Sc I.Nat.
New Neth’l'd
200,0
211,8 1,358,0
200,0
128,0
Batt.Pk.N at.
841,7
Borough ol
Brooklyn.
179,4 3,610,4
B o r o u g h ___
200,0
Broadway .
416.6 2,557,1
150,0
B r o o k ly n __
112,2 2,032,1
300,0
Mfrs.’ Nat . .
739,5 4,564,3
252,0
Mechanics' . . 1,000,0
897,3 11,502.4
Nassau N at750,0
928,5 5,823,0
National City
300,0
621,6 3,246,0
North Side _
100,0
218,2 1,675,6
Jersey C ity.
First N a t .. .
400,0 1,179,2 4,376,6
H ud. C o. Nat
250,0
721,1 2,764,6
Third N at___
200,0
348,3 1,919,7
Hoboken.
First N a t .. .
220,0
596,7 2,335,8
Second Nat _
125,0
202,4 1,810,8
Clear
ing
Agent.
S
13,9
7.2
97,3
103,5
272,0
558,8
8,8
313,1
7,3
99,8
17,8
46,4
332,0
40,0
62,0
487,6
47,0
792,0 •
81,0
108,1
$
$
54,3
104,3
79,4
59,1
71,S
133,2
396,3
641,3
229,0
438,0
68,3
210,6
52,0
70.9
256,2
340.7
193,4
160.6
113,9
358,0
240.3
260,0
298,7
159,0
326,0
27,0
225,0
292,0
156,4
130,9
225,0 • 914,6
365,7
180,5
208,0
671,0
6,0
86,0
39,6
61,6
818,9
166,7
58.8
1,3
987.5
41,9
14,2
130,0
257,8
244,9
254.0
130,0
24,5
258,3
197,7
86,0
162,9
641,3
501,0
371,0
127,2
237,7
235,4
268,4
589,8
799,6
905,0
415,0
66,3
110,7 4,143,3
120,7 2,717,7
109,8 2,357 6
145,0 4,60L 8
155,6 12,226,5
5,509,0
105,0 3,691,0
305,6 1,941,6
187,3
90,1
45,8
313,7
69.6
107.6
1,234,3
194.1
417,5
359,5
195,1
26,2
5,331,1
2,169,3
2,046,7
132,8
71,4
40,4
59,4
172,0
56,2
68,3
75,5
2,035,6
1.688,0
$
59,6
124,9
201,4
100,6
85,1
84,8
60,0
10,0
$
888,3
1,071,8
1,644 6
4,894.0
6,157,0
4,093,0
778,4
7,117,8
3,779,0
2,640,7
3,079,2
4,895,8
3,943,0
2,853,0
1,907,6
8,034,5
4,092,7
5,131,0
1,159,0
678,7
T o t. Sept. 28 9,847,0 14849,8 114006,4 5,120,3 6,541.4 10,890,6 4,536,0 119298,3
Tot.. Sept. 21 9,847,0 14849,8 113707,8 5,067,7 6,575,5 10,135,6 4.324,8 117901,6
T o t. Sept. 14 9,847,0 14849,8 113999,2 5,090,3 6,830,9 11,162,0 4.628,9 119170,7
8.284.0
8.339.0
8.363.0
8.327.0
120,025,9
142,550,8
146,S84,2
127.668.5
251.149.0
252.570.0
253.408.0
252.195.0
13.691.0
13.659.0
13.723.0
13.671.0
123.423.6
138.744.5
131.175.6
130.397.7
1906.
1904.
1905.
$2,975,610
12,240,161
$2,331,454
10,220,132
Total _____________________ $13,862,666 $15,977,401 $15,215,771
Since Jan. 1.
D ry Goods - ........................ $143,632,488 $121,729,966 $105,881,569
General M erch andise........... 510,472,682 445,394,948 412,527,706
$12,551,586
Total 39 weeks_____
$3,091,219
10,771,447
$3,304,073
12,673,328
$90,000,145
355,176,850
____ $654,105,170 $567,124,914 $518,409,275 $445,176,995
J
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 28 and from Jan. 1 to date.
E X P O R T S FROM N EW Y O R K F O R T H E W E E K
|
For the w e e k ______________
Previously r e p o rte d ..
_ __
1907.
1906.
1905.
1904.
$15,688,344
452,118,855
$10,079,002
451,163,445
$9,518,279
388,286,926
$9,295,388
353,008,814
Total 39 weeks.................... $467,807,199 $461,242,447 $397,805,205 $362,304,202
The following table shows the exports and imports of
specie at the port of New York for the week ending Sept. 28
and since Jan. 1 1907, and for the corresponding periods in
1906 and 1905:
E X P O R T S AN D IM PO RTS O F SPECIE A T N E W Y O R K .
Exports.
Imports.
W eek.
__________
Tota 1907_____________ ________
Total 1906_______ ________
Total 1905______________________
Other
Net
Banks, Deposits.
&c.
205.339.0
208.803.0
209.544.0
208.227.0
1907.
D ry G oods__________________
General Merchandlse - ...........
South A m e rica ..
Capi
tal.
4.052.0
4.409.0
4.624.0
4.097.0
F O R E IG N IM PO RTS A T N EW Y O R K
F or the week.
W e omit two ciphers (00) In all cases
Banks.
1,290,274,4
1,223,128,6
1,640,946,0
1,577,612,0
1,402,951,9
Imports and Exports for the W eek.— The following are
the imports at New York for the week ending Sept. 28, also
totals since the beginning of the first week in January:
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Sept. 28, based on average daily results.
Deposit with
50,308,5
50,477,0
50,649,2
50,658,4
50,638.5
a Including for Boston and Philadelphia the item “ due to other banks,” and also
Government deposits. For Boston these Government deposits am ounted on
September 28 to $4,154,000; on September 21 to $3,925,000.
Gold.
Legal
Tender
Specie.
and
Bank
Notes.
1046,655,8
1046,485,0
1044,852,4
1057,023.6
1055,193,7
55.335.0
55.549.0
56.427.0
55.392.0
a Total United States Deposits Included, $31,613,400.
Loans
and
Invest
ments.
%
69.530.9
68,676,2
69.221.9
70,264.5
70,637,1
16,392,0
17,145,0
18,093,0
18,345,0
222,651,o!
224.165.0
223,641,0!
223.905.0
Clearings.
Leqals. Deposits, a Ciraulalion.
Specie.
Since Jan. 1
$12,877,335
15,361,499
1,615,083
$2,000
882,155
11,500
2,186,443
1,500,000
*2 000 S'i4 434 01S
$76,646
970
5,887,544 8,433.507
5,500 38,104,087 1,639,835
Silver.
Great Britain______________________ $1,007,069 $33,916,950
France ............. ............
_.
130,000
3,404,000
10,278
1,090
285,026
AH other cou n tries.. _______
W eek.
Since Jan. 1
$1,998 $2,596,116
717,238
1,155,297
3,254
758,529
7,333
364,789
49,121
2,056,691
14,940
276,432
$169
$88,168
2,270
158
139,003
1,285,544
725,108
22,154
4,765
27,791
20,517
7,665
14,786
___
$7,925,092
76,019,160
8,524,451
Total 1907_____ ________ _________ $1,138,159 $37,638,705
Total 1906_______________________
737,185 39,108,571
Total 1 90 5._____ ________________ 1,255,454 26,822,594
$53,242
75,357
363,811
$2,262,405
1,763,087
3,439,946
Of the above imports for the week in 1907, $10,905 were
American gold coin and $2,900 American silver coin. Of
the exports during the same time $2,000 were American
gold coin a n d --------- were American silver coin.
S 'd i i l i h i g a n t i F i n a n c i a l *
W e shall be p leased to m ail in v e s to r s c o p ie s o f the nin th
e d itio n o f o u r 10-paite c ircu la r d e s c r ib in c 65 S h o rt-T e rm N otes
an d C ollateral T r u s t B o n d s w ith a p p ro x im a te m a rk e t p r ice s.
S p en cer T r a s k
W IL L IA M
M
&
A N D P IN E S T S ..
o f f a t
C o*
NEW
&
W
YORK
h i t e
M e m b e rs N ew Y o r k S t o c k E x c h a n g e .
5 N ASSAU S T R E E T .
DEALERS
IN
H A N O V E R B A N K B U IL D IN G
IN V E S T M E N T
C o m m is s io n O rd ers E x e cu
S E C U R IT IE S .
d fo r C ash O n ly .
842
THE CHRONICLE*
^ B an k ers'
(& % 2 z tU .
Wall Street, Friday Night, Oct. 4 1907.
The Money Market and Financial Situation.— There has
been a little more activity in the stock market this week,
but the dealings in bonds have been on a smaller scale and
the market for all classes of securities is again very largely
in the hands of professional operators.
The utterances of the Chief Executive, which had been
looked forward to with more or less interest, included so
little which he had not said before that their influence, at
least in Wall Street, has not been appreciable.
Undoubtedly the money market has been the most im
portant influence in all departments at the Exchange
throughout the week. Rates for call loans have fluctuated
widely. They' have been quoted at 83^% and reported as
high as 10%. Time loan rates have also advanced and the
supply of funds in this department is hardly equal to the
demand, even at the higher rates now prevailing. Currency
is moving freely to the South and West and this outflow
must, of couse, be expected to continue for some time to
come.
In this connection it is interesting to note that the Bank of
England’s weekly report shows a larger percentage of reserve
than for several years past at this season. At the same time
our own foreign exchange market is easy under a liberal
supply of commercial bills and it is suggested that if interest
rates in this market reach abnormally high figures, they might
attract funds from the other side.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 10%. To-day’s rates on call were 3@ 6J^% . Prime
commercial paper quoted at 7% for endorsements and 7%
for best single names.
The Bank of England’s weekly statement on Thursday
showed a decrease in bullion of £1,661,829 and the percent
age of reserve to liabilities was 48.86 against 51.30 last week.
The discount rate remains at 43^%, as fixed August 15.
The Bank of France shows a decrease of 16,100,000 francs in
gold and 5,975,000 francs in silver.
N E W Y O R K C IT Y CL E A R IN G -H O U SE B A N K S.
Dillerences
po m
prevuios week.
1907.
Sept. 28.
129.400.000
C a p ita l_______ ______
164,098,300
Surplus___.----------Loans and discounts. . 1,100,351,500 Inc.
Circulation_____
50,638,500 D ec.
Net deposits__________ *1,055,193,700 D ec.
198,807,900 D ec.
Specie _______ _____
70,637,100 In c.
Legal t e n d e r s . . _____
Reserve held — . ..
25% o f deposits______
269.445.000 D ec.
263,798,425 D ec.
1906.
Sept. 29.
1905.
Sept. 30.
115,972,700
118.150.000
154.235.000
140,160,800
2,772,500 1,051,172,800 1,071,630,300
45.595.800
54.066,100
19,900
1,829,900 1,034,059,000 1,080.465,100
3,588,000
193,327,300 201,506,000
76,050,300
77.727.800
372,600
3,216,000
457,475
271,055,100
258,514,750
277,556 300
270,116 275
12,540,350
7,440,025
5,646,575 D ec. 2,758,525
Surplus reserve____
i
* $31,613,400 United States deposits included, against $30,525,200 last week and
$27,099,800 the corresponding week of 1906. W ith these United States deposits
eliminated, the surplus reserve would be $13,549,925 on September 28 and $16,036,400 on September 21.
N ote.— Returns ot separate banks appear on preceding page.
Foreign Exchange.— The market was strong early in the
week, influenced by a demand to remit for maturing finance
bills and for stocks sold for European account. A smaller
inquiry and dear money caused a decline on Thursday, but
the tone was firm, especially for cables, at the close of the
week.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 83 for sixty-day and 4 86j^ @ 4 87 for sight. To
day’s (Friday’s) actual rates for sterling exchange were
4 8225@4 8240 for long, 4 8580@4 8590 for short and
4 8675@4 8685 for cables. Commercial on banks 4 8190@
4 82 and documents for payment 4 8 1 % @ 4 82% . Cotton
for payment 4 8 1 % @ 4 81
cotton for acceptance 4 8190@
4 82 and grain for payment 4 8 2 % @ 4 82%.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
werq 5 2 0 % @ 5 20a for long and 5 16% a@ 5 16%/i for short.
Germany bankers’ marks were 9 4 % @ 94 3-16 for long and
94% @ 9 4 15-16d for short. Amsterdam bankers’ guilders
were 40 31 @ 40 33 for short.
Exchange at Paris on London to-day 25f. 1 3 ^ c.; week’s
range 25f. 13^2C. high and 25f. 12c. low.
The week’s range for exchange rates follows:
-L ongSterling ActualH igh ______ 4 8225
@ 4 8240
L o w ______ 4 8175
@ 4 8180
Paris Bankers’ Francs—
H ig h .......... 5 20%
@ 5 20a
L o w ______ 5 21%
@ 5 205-6
Germany Bankers’ Marks—
H igh ............ 94!^
@
94 %
L o w ______ 94%
@
94 3-16
Amsterdam Bankers’ Guilders—
H ig h ...........
..................................
L o w ------------------------------------Less:
Plus:
a 1-16 of 1 % .
* 1 -1 6 o f 1 % .
14 8585
14 8525
@ 4 86
© 4 8530
5 16 Vsa
|5 17%/»
@ 5 16%ft
@ 5 17%
94%
94%
@ 4 8685
@ 4 8625
@
95
|
@ 94 15-16d|
40 31c @
40 3-16 @
d 1-32 of 1 % .
x 1-32 of 1 % .
14 8675
14 8610
40 33
40%
A 3-32 of 1 % .
?/ 3-32 of 1% .
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah,
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston, selling, $1 per $1,000 premium.
New Orleans, bank, 75c. per $1,000 discount; commercial,
$1 per $1,000 discount. Chicago, 10c. per $1,000 discount.
St. Louis, 25c. per $1,000 discount. San Francisco, $1 per
$1,000 premium.
[V o l . i *x x x v .
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $6,000 Tennessee settlement 3s at 91 ]/■,.
The market for railway bonds has been less active than
last week, notwithstanding the liberal movement of a few
issues mentioned below. There has also been a steady
demand for the new New York City bonds at prices well up
to, or above, last week’s closing. As is well known, quite
a number of railway issues sell ex. int. on Oct. 1, a fact which
is readily comprehended when prices are compared with
those of a previous date. The active features referred to
above were Union Pacific, Atchison, Pennsylvania, Inter
borough-Metropolitan and United States Steel bonds. A
few issues have been notably strong, including Union Pacific
4s, Southern Pacific 4s and Mexican Central first incomes.
United States Bonds.— Sales of Government bonds at the
Board include $10,000 4s coupon, 1925, at 124%, $11,000 4s
registered, 1925, at 124% to 125, $3,000 3s coupon, 1908-18,
at 103%, and $4,000 2s coupon, 1930, at *105%.
The
following are the daily closing quotations; for yearly range see
third page following.
I
28
2s,
2s,
3s,
3s,
3s,
4s,
4s,
2s,
1930
1930. _____________ coupon Q— Jan !*106
1908- ■18_______ registered.Q— Feb ,*102%
1908- 1 8 __________coupon^Q— Feb '*102%
1908- ■18____small coupon Q— Feb !*101%
1925 __________registered! Q— Feb j*12o
1925. _____________ coupon! Q— Feb 1*125
1936. Panama Canal regis Q— N ov *105
! Sept.
30
Oct.
1
Oct.
Oct. | Oct.
3
4
*105%
*106
*102%
103%
*101%
*125
*125
*105
*105%
.£105%
*101%
*102%
*101%
*125
*125
*105
*105%
*105%
*101%
*102%
*101%
*125
*125
*105
*105% 1*105%
*105% *105%
*101% *101%
*102% ;*102%
*101% ;*101%
125
*124?.,
*125
124%
*105
*105
2
* This is the price bid at the morning board; no sale was made.
Railroad & Miscellaneous Stocks.— Except in a few cases
the stock market has been dull and prices have moved within
a narrow range. The lowest prices of the week were gener
ally recorded on Monday,/the exceptions being a few issues
which sold lower on Thursday. To-day only about 250,000
shares were traded in and the market was decidedly feature
less. As a result of the week’s operations upon a list of 25
active stocks, 12 are higher and 13 are lower than last week.
An advance of 14 points in Canadian Pacific on Monday
was owing chiefly to the activity of traders in covering con
tracts on the short side of the market. Brooklyn Kapid
Transit advanced 6 points and has held a large part of the
gain, on buying which was said to be by parties already
largely interested in the company. St. Paul, Great North
ern, Northern Pacific, Union Pacific and Reading have fluc
tuated over a range of 3 to 4 points, and all except Northern
Pacific close higher than last week.
The copper stocks have all been strong, and Consolidated
Gas advanced 5)4 points on limited transactions. Colorado
Fuel & Iron has been weak and United States Steel issues,
both common and preferred, are fractionally lower.
For daily volume of business see page 852.
The following sales have occurred this week of shares not
repre. jnted in our detailed list on the pages which follow:
STOCKS.
Week ending Oct
4.
■Sales ;
tor jW eek.
Range for week.
Lowest.
Highest.
Range since Jan. 1.
| Lowest.
2 $6 Sept 28 $5
Balaklala Copn< r ______ 1,500 $5 Oct
200 12 Sept 30 12 Sept 30
Bethlehem Sten i o r p __
9
Chic Un Trap t. rects___ 1,850| l% O c t
4 2% Sept 30
1%
100! 40% Sept 28 40% Sept 28 40
Col Fuel & iron, pref___
Com stock ^ u n n el______ 2,300, 24c. O ct
II 30c. O ct
3-1 22c.
Gt Northern subscript’n
receipts, 65% patd___ 1,100118 Sept 28120 O ct 21105%
M St P & S S M r ig h ts...
650
% S ept 28
% O ct 1 1
%
N Y & N J T elephon e.. .
50 105 Sept 30105 S fpt 3 0 1 0 1 %
Ontario Silver Mining___
500 2% O ct
2 3% Sept 30! 2%
Peoria & Eastern______
100 20 Sept 28, 20 JSopt 28i 18
200 $2.40 O ct
■; C2.40 <M 4 $1.90
Standard Mining_______
United Cigar Mfrs, pref.
225: 80 O ct
3 8 0 % 0 c t 3 1 80
100100 O ct
3100 O ct 3: 90
U S Leather, preferred..
Vulcan Detlnning______
100 7 O ct
1 7
O ct l j 7
! Highest.
O ct $11
July
Aug) 20% Jan
Oct 3 % May
Septj 85% Jan
Septi 50c. Jan
Aug 130% Apr
Sept)
% «Sept
Aug 115
Jan
Oct! 8 %
Feb
Mch! 30
Jan
Aug $3.70
Jan
Oet| 94%
Jan
Aug 114
July
Octi 9 %
Jan
Outside Market.— The market for unlisted securities has
been irregular this week, exhibiting firmne&s at times in
special stocks, though in the main inclined to weakness.
With few exceptions price changes have been insignificant.
Boston Consolidated Copper was conspicuous. After selling
up from 16% to 17
it ran down to 14, recovered to 15%
and dropped subsequently .to 14%. Butte Coalition sold
down from 15% to 14% and up to 15% and closed at 15^j.
Dominion Copper sank from 3% to 2 % . Douglas Copper
lost a point to 6 % , but reoovered to 7. Greene Cananea
sold up from 8)^ to 8 % ,but dropped to 7% to-day—a new
low record. Nevada-Utah Mining & Sm- lting ran down
from 3 ^ to 3. United Copper comm >.\ fell from 48% to
47% , and moved up again to 47% . I he preferred sold up
from 79 to 80% and back to 79)^. Nipissing was active and
steady, advancing a point to 7 % and easing off to 6% .
Industrials were neglected. American Tobacco went down
10 points to 230. Consolidated Steamship stock ranged
between 2 ^ and 2 % , the 4% bonds sinking from 24% to
233^, with a final recovery to 23% . Manhattan Transit
moved up from 3% to 4 and back to 3% . Standard Oil was
quiet, advancing from 445 to 447. Waterbury Company
common declined from 35 to 34>£, recovering later to 34% .
Western Ice on light business dropped from 28% to 28,
moving up again to 28% . Chicago Subway, after a decline
of a point to 16, advanced to 18, and ends the week at 17%.
New York New Haven & Hartford “ rights” were traded in
between 2 1-16 and 2 15-16. Adams Express 4s. sold
down from 90% to 88.
Outside quotations will be found on page 852.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
oocu rvrM i
STOCKS— HIGHEST A N h l.O W EST SA LE HHICES
Saturday
Sept. 28
Tuesday
Oct. 1
Monday
Sept. 30
\ Wednesday I Thursday 1
i
Oct. 2
Oct. 3
!
Friday
Oct. 4
t w o
k a g r
*
Sales o;
STOCKS
the \ N E W Y O R K S T O C K
Week !
EXCHANGE
Share's ;
I<?a ’ road s
85
85% 85*i 24,250; A tell Tope:<a & San ta F t
861.1 , 85% 863.) I 85% 86% S41- 85%
85% 86
1 ,0 0 0 !^
Do
pref
89
887g 89 I 89
*89
89
91
89
89
89 i *S8% 91
1,325 A tla n tic Coast l ine R R ._
80%
80
80
79%
80
79
80
79% 80
81H 80% 80%
a ltim o r e & O h io _______
88% 891,i
89% 89% 11,750
so% 90%
8-S% 893j! 8911 90
8S% 89%
Do
p r e f____________
100
87
87
87 I *S3 • 87
*83_
87
*83
*88
8312 8312 *S3
463.i 4812
42% 44M
471.1 48% 64,780 B r o o k ly n R a p id T r a n s i t ..
42% 43
44
46% 48%
* __
B u ffa lo & S u stju o, p r e f ___
80
80
80
80
80 *
80 >
158 1611s 157* 171
1621g 16412! 160 161% 102% 1623.! 56,i i o {C a n a d ia n P a c ific ________
K , ^ 170
‘ /a n a d a S o u t h e r n _______
63% •»;61*2 63
*(>1
*61
63
*61
63% *60i4 63
63 | *61
"""2 56 C en tral o f N ew J e r s e y ____
177
4175 175 ^ 173 173 *172 is o I 174 174 *172 ISO *172
32% 32%
4,175 C h esapeake & O h io _______
331.1
33
33%
32% 33ig
33% 331.1! 33% 33%
200 C h ica g o & A lto n R R _____
*10
18
*10 18
*10
18
11 11 ! 12% 12% *12 17
D o p r e f ________________
1,820
49
48% 48% * ____
49
49
48
48J_ 48*4 4834 48:!t 48%
3,800 C h ica g o G reat W e s te r n . .
8%
9%
S%
9 i
8%
8%
8%
8%
8%
9%
914
‘J
D o 4 % d e b e n tu re s ___
65
*61
*01
65
*01
65
65
*61
65 I *01
65 j *61
D o 5 % p r e f " A ” _____
300
42
SO
42
*35
43
*36
*30
38
*37
43
43 1 38
D o 4 % p re f “ B ” ______
*12lc 13% *121" 13% *121' 1314! *121« I3I4I * 12 % 1314 *12% 1314
116% 11714 115% I I 734I 1141 119%j 11714 119% 116% 118*4! 11734 118% I130"4<#5 C h ica g o M llw & St P a u l . .
D o p r e f________________
200
146 140 *145 148 1*145 148 *145 148 *145% 146
*146 148
D o c o m e tfs 25 % paid
742
1041.1 106 1*103 107
107 107 *105 110
100 106 |*106 108
D o p r e f etfs 25 % paid
4,369
130 130
130 130
1291® 130 1*129 130 | 129% 129% 130 130
2,500 C h ica g o & N o rth W estern
I 44I4 14414! 1443.1 146 I 143% 1431"! 142% 142*4
14314 1431.1 144 141
D o p r e f ______ _________
*201 210 * 2 0 0 210 *200 210 1*200 210 *200 210 *201 210
C h ic St P M inn & O m aha
*125 135 *125 135 *125 135 *125 135 *125 135 *125 135
D o p r e f________________
*150 ISO *150 170 *150 180 *160 180 j*150 180 *150 180
*4
*4
C h ic a g o T e r m ln ’l Transfer
fit;
*4
7
*4
01-I *4
7
61"! *1
6l»
D o p r e f ________________
25
*15
25
*15
*15
25
25
*15
25 j *15
25 ! *15
C h ica g o U n ion T r a c t i o n ..
23
*2%
*2
3
*21.i
3
3
3
2*4
3 I *21.i
* 214
D o p r e f ________________
* _
I _ .
14%
100 C leve Cin C h ic & St L ____
63 ’
*65” 64
*59
62
*60
’ <vr til
*59
62 , *58 "
D o p r e f ________________
95
*!)0
*90
s o ! *90
96
95
*90
95 I *90
*90
2134 21% 20*4
21'g ""6,260 C o lo r a d o & S o u th e r n ____
221
21*4
21
221"
D o 1st p r e fe rr e d _____
*521 •> 53%
1,810
531• V*
52% 52%
52%
53% j 5314 53%
53
D o 2d p r e fe rr e d _____
1.525
42 " 42 ^ 42
421g
42
42
421s 42% *41% 42%; 41% 42
elaw a re & H u d s o n ____
1,265
15412 155
154% 1561" 15712 1571" 1555s 156% *155 158%1 156% 156%
elaw a re L a ck & W e s t ’n
*170 485 *470 485 *470 485 !*474 485 *470 485 *470 485
23% 231.1 " "l",820 D e n v e r & R io G ra n d e ____
24%! *221" 24 : 2134 22%
24
23l4 2311 23% 2334
D o p r e f ___________
70
*65
*65
09
70 j *071" 69 j *65
69
*67
69
*00
‘ ""266 D e tr o it U n i t e d .......... .........
03
63
*621- 65
*60
04
63 63 1 *62
05 ! *621g 07 I
450 D u lu th So S hore & A tla n
0
91
*81* 12
8% 1 *S% 10%
8%
*81® 10W *81" 10%)
*17U 24 i *1712 24 | *17% 24 j *17% 24
D o p r e f.’_______________
100
IS
18
*17% 24
20%!
19*1 20 % 1914 19%
20
18% 19% 10,550 t f r l e
19% 20% 19% 20
D o 1st p r e f________
300 Aj
*44% 47
4 612 45
40
*45
45
*45
461"! *45% 48 j 46
D o 2d p r e f________
300
30
36
35*4, 35*1 *3512 371" *351" 37% *35% 38
*35*4 37%
E v a n sv ille & T e rre H au te
75
*65
*05
*65
75 I *65 75
75
*65
75
75
*65
D o p r e f ________________
90
*80
*80
*80
90
*80 90 I *80
90
90
90
*80
12734 1271.i 128% 31,800 G reat ^Northern p r e f _____
125% 1261
126
125 12734 126*4 129 | 127*1 129
T e m p e tfs fo r ore p r o p .
3,265
52%
52% 53
52%
52% 52%^§51%
5212 52
51% *51
Green. B a y & W .d e b c t f A
Do
d e b c t f 13
I I * ] ~"8U ” ~8% I I ”
9
9
a v a n a E le c t r ic ________
*20
281, *26
____ *26
____i *26
28%
28% *26
. . . : *26
D o p r e f____________
95 * ____ 76%
95 * ____
*74U 7612) *7414 76% *
100 H o c k in g V a lle y tr r c c t s . .
82
1
Do
p r e f____
*79
82 1 *79
*79
86%
85
851,1 > ____
-II I I *79’
llin ois C e n tr a l___________
*135 138
13514 135U 13514 I 35I4 j* 135 138 *134% 138 §13514 135M ’ " ’ 243
7,600
n te r b o r o -M e tr o p o lita n .
8%
8'
8I4
9
81*1
7"
8%
814
7%
o 8‘4
D o p r e f _____________
3,200
26
26
24%
25
25%
23
24
241»i 23
23
23
1,850 Io w a C e n tr a l_____________
16% 16%
16%
I 5I4 1512
*1512 16
15-% 16%! 16% 16%' 16
D o p r e f _______________ _
38% 3834 2,350
3834! 39
*38
39
38%
39%
38
35
38
371«
C F t S & M , t r c ts pref
*69
75
*70
75
75
*70
*70
*70
75
74
*69
75
a nsas C ity S o u t h e r n ..
918
25
2534 -25*4, —
*24
26
25
241" *24
241* 25%
25
24
D o p r e f____________
1,500
54
*53% 54
53
551.1 5512 *53% 53%
54% 53% 53%
53
ak e E rie & W e s t e r n ___
*12
20
*1 2
20
20
*12
20
*12
*12
20 * i:
20
D o p r e f ____________
*40
50
50
50
*40
45
50
*40
*40
*40
*40
50
L o n g I s l a n d . . ____________
*35
50
59
*35
50
50
50
*35
*35
50
*35
*35
7,850 L o u isv ille <Sc N a s h v ille ___
106 1071; 105% 106
105% 105*4! 104 105% 1031.1 105%
10514 100
116% 116%
675 VI a n h a tta n E le v a t e d ___
5118 118 *112 120
11712 117% 11734 118 If 116 116
•35
35
201 i^ i-e tr o p o ltta n S tr e e t____
*36
38
30
36
38
39
*36
*35
40
*35
16% 17
13.650 M ex ica n C e n tra l_________
10% 14 18%! 147g 17
16
16% 1012
1612 17
40
40%
40
40
1.800 M in n eapolis & St L o u i s . .
40%
40
4OI4 401
3912 40%
4011 40%
Do p
e f.
1.000,
r r__________
_________
79% 79%
79
79
79
79% 79% 79%
79%
79
79
79
6001M in a St P & S S M a rie ___
*90 100
96
*92 100
98 ! 94% 95%; 93% 93*4 *93
*92
800i D o p r e f ________________
*120 130 *121 130
1291® 129-34! 127 127 I 124 125% 125 125
32'g
32% 32% 17,400|Mo K a n sa s & T e x a s ______
34
33% 34%
33
32
33% 34% 33% 34
6434 64*4 *64
1501 D o p r e f ___ ____________
*64% 67
67%! *64
67
§041^ •64% *6412 05
1.615 M issouri P a c ific ___________
67
0714 67
*67
68
6734 67%' 67
671" 671"
673.1
67
10 XT ash C h att & St L o u i s . .
5115 115 *118 125 *118 125 *118 125 .*118 125 *118 125
*441-* 48
*4534 48
*4412 48 I *44% 48 ! *44% 471 *44% 47% ............a t o f M e x , n o n -cu iu p f .
______
D o 2d p r e f__________
*1512 17% *1512 171.1 *15% 17%! *151" 17% *15% 17
*15% 17
36,850 N Y C en tral & H u d s o n ..
10312 104% sl01% 102*4 10134 103%l 103% 103%; 10134 102% 102% 103
*32
34
100 N Y C h ic & St L o u is ____
*34
*32
36
37 | *33
35
*31
34
37 | 34
______
D o 1st p r e f ____________
*98 105 1 *98 106 ! *97 106
*98 105
*98 105
............
D o 2d p r e f . . ..................
70
*62
70
*62
*63
76 | *62
*64
71
14134 141% 142 142 *141% 144
1,140 X Y N H a v e n & H a rtfo rd
141 514 Vl4 141 141l4 141% 142
32% 32%
1,200 N Y O n ta rio & W e s t e r n ..
327(5 32%
32% 32%
321" 32%
321* 32%
3212 32%
70% 70%
1,830 N o rfo lk & W e s t e r n ..
70
70% 70%
71
7012 701:
70% 70% *701" 71%
*78
84
*78
100
D o a d ju s tm e n t p r e f . .
*78
84
84
S3
*78
83
S5
*78 105
127% 128% 84,961 N o rth e rn P a c i f i c . ...............
12612 12712 1261,1 128% 127% 129% 127% 129% 126% 12S
5,170
D o s i'b s c r lp r e c ts ____
10712 10734 IO7I4 108
IO8I4 109
109% 109% 107% 108% *108 109
82
80
80
84
*7)
84
*80
821"
84
84
600 T > a clflc C oast C o _________
90
*79
______ 1
D o 1st p r e f ..
*85
*85 100
*85 100
*85 100
*85 100
98 ” *S5 100
*90 100
90
90
*85
95
400
D o 2d p re f.'.
91% *90
*90 100
91
98
1183g lJ91g 118% 1191; 119 1201" 119% 1201 " 119 119*4 119% 119*4 57.650 P e n n s y lv a n ia _____________
*66
69
*66 69 I *06 69 *60 69 *66 69 ........... P lt t s b Cin C h ic & St L ____
69
*66
............
D o p r e f _______________
*85
95
*85
95
95 i *85
95
*85
95
*85
*85
95
9OI4 91%
90% 93
02 % 94 - 93% 94% 391,020 O e a d l n g _______________
91*g 93 <g 93% 94%
*76
82
______ J aj 1st p r e f _____________
82
82
82
*75
*7o
82
*75
*77
*75
82
*70
80
*75
82
80
*74
80
100
2d p r e f_______ ______
*74
80
75
*74
75
18% 183 d 181" 18%
18
183g
18% 18%
8,375 R o c k Isla n d C o m p a n y ___
18% 19
18% 18%
45
45
45%
1.030
D o pref
44% 44%
44% 441"
45
45
4 3 b 44I4 *43
"
*58
62
*58
62
62
02
62
*58
62
*58
............St L & San F r, 1st p r e f ..
*58
*58
*34
36I2J 3
1,900
D o 2d p r e f...............
35
36%
36% *35% 36%
36*4
36
35
35
*16% 17l» if 16% 17>2 *16% 17%
200 St L o u is S o u th w e s te r n ___
1714 17% *16% 171 *16% 17%
*41
*41
45
46
47
*41
45
*42% 46
*42
300
D o p r e f________________
46
45
83% S4%
83% 85% £82% 84%
81% 82% 78,389 S o u th e rn P a clflc C o _____
81% 82%
82% 84
109'g 110% 110 110 *109% 110% 110 110
110
110
109*4 110
1,848
D o p r e f ________________
15
151<
15I4
15
13% 14
14
13% 14%
11.835;S o u th e rn v tr cfs stam ped
15%
*1514 15%
52
50%! 477g 49%
52
53
52
49
53
51
3,985i
D o p re f
do
25% 261g *25*4 26% *251" 26*4
25% *25i,i 26
1.350 T 'e x a R & P a c i f i c . ...............
25
42
46
45
4134 43
41% 41%
43%
41% 41%
1.450] 1 hlrd A v e n u e ( N Y ) ____
20
20
*19
1934
21
800 T o le d o R a ilw a y s fc L ig h t
19% 19*4
19% 19% *19
25
2434 2434
24>4 2414
25%
25% 25%
25% 251"
2,0001T oled o St L & Wrestern___
45l4 45
453g
44
44%! 4434 44%
z45
45% 45%
2,900i
D o p r e f . ......... ............ .......
93% 93*4 94
94
*93
95 *91
94 ! *92
94
350|Twin C ity R a p id T r a n s it .
126% 127*4! 126% 1281" 127% 129% 125-% 1273s; 126% 127% 498,950i j y n i o n P a cific
821" *81% 821
8 U2 811"' *81% 8212 * 8 !% 82i» *811"
D o p re f
B
D
..... ........ .......
H
II *::::
I
K
L
Range lerr Year 1907
V)n has is 01 100-share ‘ 01Louesi
Hvjhatl.
Ranae ?or t 'rerions
year <1 J0<»>.
Ljuesi
11 iohesi.
85% M n\-i 110% Sen
7
12; r98 D ec
10(i ' Jan
5! 131% J ’ly 16?'x Jail
5 105% Ma;.< I; .Vs Sep
10
99% Jan
91 O ct
7
94% Jan
71 J ’ly^
87 F eb
8
83 Jan
4 155% M ay 2011" D ec
707jj Jan
05’;; J ’ ne!
14
2 204 M ay 239% M ay
05% A u g
5
51% Nov.
35% O ct
5
25% Sens
70 Dec!
5
77U O ct
2
23*>,s Jail
16 J ’nej
861" Jail
25
79% Sep
70 D e c : 80 Jan
14
39% Jan
24'x Nov
5
14 +146% D ec i 199% D ec
5 t io o Dec.- 218 A u g
14
15
-— >
10 '■ r ■> A o r 240 Jan
10 22 1 A u g 2711 M ch
j.
168 J ne 198 J an
19 175 N o v 1 202* Jan
18% Jan
9*4 A p r
21
42;ii J an
25 D e c
11
3% M ay
13*: F e b
3
ll7>j J ’ly .
47i» M ch
9
7
109'g J a n
89 D ec
7 110 J ’ly, 1IS J an
<j
41 O ct
29% Jan
66% A p r ; 731" F eb
7
59 D ec
43 M ay
8
2 189 M ay 234*4 N o v
24
437*1 M ay 560 M ay
517S Jan
36% M ay
7
yiio Jan
10
83 O ct
102 " F eb
16
79% D ec
22% Jan
16 J ’ly
9
45 Jan
4
32 A p r
38% M ay
50% J an
5
83 Jan
7
74*4 l)e c
7(i3s Jan
621" Apr.
7
76 Jan
68 D e c
94 A u g
DO A u r 4
92 A p r £
80 J ’ly
114 A u g 15 1893.1 J an 5 Cl 78 D ec 348 F eb
85 D ec
85 Jan 5
44 A u g 15
70*4 D ec
<j2io Jan
811" N ov
23i" Jan
14% Jan" 17
7% S ep 18
1 1% O ct
33% Jan
5.", “ A u g
4 7 'J a n 3
30 A p r 23
86% J ail 4
77% Jau
97*4 M ay
72 A p r 1
7 4% A u g 30 114 M ch 6
09% J ’ ne
77% S ep 18
94 Jan 5
92% No\
164 M ay 184% J ’ne
128 A u g 12 172 Jan 3
55% May
39 J a n 23
33% J 'n e
7'g O c t 2
87% M ay
75% Jan 7
70*; J ’ly
201" A u g20
34*i J a a
28% Jan 4
24 J ’ly
15 “ A u g 24
63*4 Jail
48 J ’ ly
51 Jan 7
30lg M ch25
841" F eb
70 J ’ne 11
80 J an 10
77 O ct
22% J iy 37% Jan
18 M ch l4
30*4 J a u £
71 Jan
613.1 Jan I
49 J iy
45 M ch25
447* Jan
2 8 i"J a n 12
19% M ch 18
27% J ’ly
§921" Jan
75 Sep
671" A pr 20
45 Sep 19
81% J an
671" J an «
61% O ct
45 J ’ly 2 3
130% May 1601" Jan
103 A u g 12 145% Jan i
162 "J a n
110 A u g 24 146 F e b 13 140 Sep
127 Jan
103 J 'ly
35 A u g 30 107 Jan 23
291" D ec
lS3,s M ay
27% J an I
14% O ct 3
N4% Jan
59 Jan 15
581- D ec
37% S e p 3
100% Jan
70% A u g 9
90 Jan 24
90 A p r
liw M ch
90 M ay28 140% Jan 3 134 D ec
183% Jan
119 A u g 20 108 Jan 3 1631" A p r
43% N o v
29 M ay
44% M ch 1
30% M cl,20
04% A p r
70 N o v
72*4 Jail 4
59 M ch26
63 A u g 15
851" M ay 106*4 J an
92*i Jau
119 M ch 22 147 Jan 8 133 M ay 149% Jan
59*: D ec
59% J an 9
36 A p r
-'6*4 A u g 13
30 D ec
18% J ’ ne
27 F e b 14
15 A u g 15
99% A u g 15 1343. Jan 10 126 N o v 156% Jan
031-Jan 7
731" A p r
59 Mch
29 A u g 26
120% Jan
109 Mcli 25 110 'J a n 16
111 A p r
92 D ec
91"* Jail 7
80 M ay
70 M ch 26
189% Dec: 204" Jan
140% Sep 26 189 Jan 9
57% Jail
4S*« J an £
43*4 M aj
30'g A u g 17
97% O ct
92% J an
1 84 F e b
08 A u g 20
96 Jan
90i" Jan 10 ! 891- A p r
80 M ch 14
113 A u g 15 1891" Jan 7 179% M ai 232% F eb
96% A u g 14 134 F e b 13
142 J ’ne
80 S ep 28 124%Jan 7 ’ 103 Jan
106 Jan
105 J an
135 .May
90 S ep 28 125 Mch 8 1051- Jan
147%Jan
114 M ch 14 141*g Jan 8 1221- J ’ly
78 Jan 22
87 Jan
75 Mas
65 A u g 17
91 J ’ne 3 105% Jan 5 100 M as 109 A u g
85% A u g 14 139% J an 7 112 Mas *164 Jan
96 Jan
92 Jan 7
89 Sep
79 J ’ly 9
102 j a i l
94 Jan t
90 A p r
75 A u g 12
30% Jan i
32% N o v
221; J ’ly
17% A u g 20
64% Jan 5
69% A u g
00 J ’ly
40% A u g 13
70 Jan 11
00 F eb
72% A pr
59 Mch 18
48% Jan 5
40% J ’ly
51% F eb
'2 9 M ch 2 5
201- M ay i 27% Jan
151" A u g 22 . 251" Jan 7
48% Ma.v I 63% Sep
621" F e b 15
40 A u g 13
96% Jan 14
09*4 M ch 14
61 Mas
97% Sep
108% A u g 24 11S% J an 14 110 J ’ ly i 120% J 'n e
34 J a n 5
31% rvov 1 427g Jan
13% O c t 4
941 "J a n 5
931- u e c ! 103 Jan
47% O ct 4
37% Jan 7
24 A u g20
28 Mas j 40 ir O ct
41% O ct 3 123 Jan 8 121 N ov ; 1:139% Jan
25% Dec36 Jan
19% O ct 2 1 29 J an 7
33% Jail 5
40>" Jan
23*4 Mch2(i
251. J lsr
597j J an
43 J ’ly
40 A u g 17 I 547g A p r 12
122% Jan
85 A u g 21 108% Jail 7 102 D ec
120% M ch 14 183 J an 5 1381 Was 195% Sep
911 Mav
99% Jan
75 A u g 14 1 90 M ay 2
81% A u g l i
88% Sep 3(
77 A uK lf;
8 / A u g 17
83% Sep 30
37% A u g 20
83 F e b 16
155 M ch23
60 Moll 14
165 M ch25
30% A u g20
9% A u g 14
48 Sep 16
83s Sep 30
04 A u g 19
37 Sei) 27
12% A u g26
1141"O ct 1
145 M ch25
104% O ct 1
125 A u g 12
1371" M ot)25
197 " A u g 19
115 A u g 19
160 J an lb
b M ch28
M ch27
2% A u g 17
11% M ch l4
58 “ A u g 12
92 Sep 20
20% O ct 3
51 A u g 20
40 May27
147 A u g 27
440 A u g 17
20 A u g 15
64% A u g 17
Cl J ’n e l5
75g A u g 28
17>s A u g 27
18 A u g 24
45 Sep 30
29% A u g26
108% Jan
101% J an
133% Jan
122 Jan
941" Jan
83% J an
85*4 F eb
1951" Jan
651" Jan
219% Jan
56 J an
27% Jail
0 9 "J a n
IS Jan
79 F e b
718. F e b
26% Jan
1571" Jan
165i> Jan
141 J a n
149 Jan
205 Jan
234 Jan
170 Jan
165 Jail
9% F e b
25 J a n
0% A p r
19% Jan
92's J an
1081" Jan
38?s Jan
09% Jan
58% Jan
2271" Jan
510 Jan
427r Jan
837* J an
80';; J an
19% Jan
39 “ Jan
44% Jan
75'g J an
67 Jan
__
__ __
__ __
__ __
__ __ __
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS.
H anks
Nrto York',
A e t n a _____
A m erica 1!._
A n ier F x e li_
BatteryParl<
B o w e ry V . . .
B ro n x B oro!
B u te h 's & D r
C eu tu ry 1 % -,
C h ase_____ 4
C h a th a m __^
C hels’ a E x c 1!
Bid
Ask
j
BanksC h e m ica l___
C itizens’ Ctrl
200
220 C i t y ...............
510
625 IGool & I r o n .
220
230
C olon lalt!___
122
132 IColum bia
310
325 C o m m e r c e . _
300
. C o n s o lid a t’ d
150
160 C op p er . . .
- - -1 185 C orn E x cli li
300
____ ID iscount 11.
315
325 Ilfcist R iv e r .
200
1F id elity 1L_
-
Bid
390
140
t250
230
700
500
tlCT%
160
200
275
150
138
180
Ask
400
145
T253
Bid
B anks.
Fifth AveH - 3900
F l f t h ............. 340
First _______ 615
14th Street 1] 225
T o u r t h ____ T170
525 G a lla tin ____ 350
t l 6S% G a rfie ld ____ 500
G r r * iw iA m ‘ . 135
210" G erm an Exit 500
Gern»an|a 11. 500
285
160 G fe e rtm ch li 275
145
H am ilton U. 320
190
H a n o v e r ___ 1490
__
__
Ask
4200
_ _
630
300
_
360
525
142%
__
290
350
-
B a n ks.
im p & T rad
in te rb o ro 1;_
Irv in g N E x
|JcfTerson1I_.
jL i b e r t y ____
jL i n c o l n ____
M anhattan T
1M arket & F u l
M echanics’ .
iM ech & T ra li
j M erca n tile. _
M erch E x ch
1M erch an ts’ _
Bid
510
155
185
210
A sk
525
165
Bid
j B anks.
M e tro p o lis ' 390
iM etropoll’nT 150
|Mt M orris*]. 240
220" [Mutual V___ 280
_ 500 IN assau if___ 200
1100 1200 N e w A m ster 190
290
New N ethTd 200
305
255
265 [N ew Y ork Co 1200
225
235
New Y o r k . . 295
160
170
N’ ht & D a y 11
T190
l it h W a r d li 450”
175
185” N orth A m e r 240
150
155 !N o rth e rn ___ 105
Ask
B anks.
Oriental l i . .
P a cific 11___
P a r k .............
290 " P e o p le ’s H- _
210
P h e n l x ____ _
200
Plaza 11___ J
220
P rod E x ch 1|
R iv ersid e 11305 " S e a b o a rd ----S e c o n d ____
405
State 11____ -h
250 " 12th W ard 11
175 j23d W a r d T j
160
Hid
250
230
425
300
150
570
160
250
340
700
375
450
190
Ask
260
250
435
__
160
-- 260
3G0
__
400
-
1B id an d asked p rices: n o sales w e re m a d e o n th is d a y .
i E x -r ig h ts , i Less th a n 100 shares.
11 S ta te b a n k s, a E x -d lv ld e n d and rig h ts, b N ew stock
t Sale at S to c k I: Ix c h a n jc o r at a u ctio n this w e e k , c E x ben eficial Interest in o re p r o p e rtie s . li 1st ln s ta l'm t p a id .
« Sold at p r iv a te sale at this pi1c«
Hew York Stock Record— Concluded— Page 2
844
STOCKS —II1GUEST A N D LO WEST S A L E PRICES.
Saturday
Sept. 28
17
35
11
19%
*9
♦20
♦ 10
*14%
39
♦150
6%
20
56I4
15U
♦77
♦11
$
Moru!ay
Sept. 30
17
*150
7%
21
57%
*15
*77
*11
* ____
♦481s
36is
♦92
31
♦85
*195
* 41,
*3%
♦15
♦30
*712
♦ 19
5014
9914
*3
1912
*8412
96l4
♦150
♦75
6
34
109V1
*116%
•■106
7Z%
20%
♦85i4
36
♦5l2
♦90
*9
♦2712
17
81
20
20%
961.1
13ig
6412
5312
♦82i2
♦70
126
♦80
6
16
♦1212
♦60
40
♦19
♦60
6012
♦60
74
H10
♦10
♦75
47
♦9338
♦ »*
105lg
*55
2234
85
*914
*48l4
2512
*83
>155
*35
*81
1934
*7012
44
8534 *84%
96I4 95%
£40 *150
100
*75
6
*6
34
110
109
120 *116
110 *105
77
77U
21
* 20%
90
*85
3712 36%
6I4
5%
105
*95
10
*3
33, *27%
17%
16%
82
80
20%
17%
21
*20%
97
97
13%
13
64% ♦62
53%
5334
94% ♦82%
80
♦70
12334
126
100
♦80
6
*5
16
*15%
1312 *13
72
*69
41)
♦40
21
20
71
♦68
6 j34 60
08
6)
71
73%
112 *110
*10
11%
85
*75
47
47
95
*91
9
8
107
107%
5S%
57
24
22%
85
85
10%
9%
50
*48
26l4 *25%
85
583
158 *155
3634 *35%
90
*81
1934
2OI4
73% $72
44
45
>135
2812
*60
5
*54
2812
>
♦85*
48
*9
*34
27%
8934
145
29%
68
5
56
29
80
90
49
15
40
2718
9134
48%
36
92
3034
*85
$202
4%
*3%
15
*28
*7%
*19
50%
100
*3
*19
*135
28
*60
*478
*53
28%
*
♦S5*
48
*9
*32
27
90%
60
2*634 26%
8 t 87%
21l2 *21%
19
*1812
100
*91%
50
55
300 *25")
73
*72
128 *122
165 * ____
Wednesday
Oct. 2
T/ivrsdaj
Oct. 3
Friday
Oct 4
Week
Sharts
STOCKS
N E W Y O R K STOC K
EXCHANGE
Ranot Jot Year 1907
\On basli of 100-share lots
Range ten Previous
Year (1806)
11 ighesl.
Iligl.rtt.
62 Jan 7 1 50 A p r
98 Jan
U nit R y s I n v ’t o f S an F ran
17 S ep 2>
93i2 Jan
32 A u g 17
71l8 Jan 7:
55 A p r
D o p r e f___________ _____
18% Jan f.
261, J a n
18 D ec
\ \ f a b a s h __________________
IOI4 O c t 4
19 S ep 30
SKi-'Jan 71 36% D ec
VV
D o p r e f ___________
53r>s F e b
2134 F e b
16 A p r
16% J an 7j
W heeling- & L a ke E r ie ___
8% A u g 30
20 O ct ^ 3734 Jan 5i
36 Mav
48% F e b
D o 1st p r e f____________
2134 Jan 10
D o 2d p r e f. _________
11% A u g 23
2114 O ct
29i2 Fel>
25^8 Jan 12
33 Jan
23 May
W isco n sin C e n tra l________
13% A u g 19
51i ,J a n 7
64 Jan
30% A u g 23
44 J 'ly
D o p r e f ____ ________
1 n d u slr ia l& M isc e lia n e o n s
J
’ne
A
u
g
14
<300
Aug
5240
A
d
a
m
s
r
'x
ip
e
s
s
_______
_
5150
____
____
______
*150
*150
*150
*150
1()78 Jan 6
2738 Jan
4 A u g 16
16 J ’ly
1,050 -ti-llis-C h a lm e rs___________
673
*7
7%
6-7g
714 *714
*7%
*7%
7%
433, Jan 3
67 Jan
D o p r e f____________
40 Sen
15% A u g 16
*20
1,000
23
22% *21)
23
22
*21
22
22
9238 J ’ly
£614 Sep 28 12l78 Jan 6
118I4 Fetv
50% 60% 334,320 A m a lg a m a te d C o p p e r ____
5734 60
58% 60l8 58% 60%
59%
34i8 Jan
25-% Jan 8
20 J 1/
15 Max 27
200 A m e r A g ric u ltu ra l C h e m .
*15% 13
16
16
*15% 18
18
*15% 18
D
e
c
82%
A
u
g
30
102
Jan
D
o
p
r
e
f________________
95
F
e
b
20
90
95
*77
95
*79
95
*77
95
95
*77
231
,
Jan
7
M
av
35
Jan
20U
____
IOI4
M
ay22
A
m
e
rica
n
B
eet
S
u
g
a
r
13
*11
*11
13
*11
13
13
* 11% 13
89i2 Jan
827g O ct
80 Jan 21
D o p i e f ____ ___________
75 M cll
75
75 5|S___ 75 *
75
75 *
71, A p r 11
4 S ep 30
41. * 4%
4%
600 A m e rica n C a n ____________
*4*
4%
4% **4*
4sa **41*4
601" A p r 10
43 A u g 19
D o p r e f . ____________
600
48% 49
50
48% 481"
48%
48% 4834 *48
451J J an 14
471, Jan
3234 J 'ly
31 M ' >125
363., 10,170 A m e rica n Car & F o u n d r y
353S 3614 30
36-% 37
3634 36% 37
D o p r e f . . ____________
105 “ Jan
92 S ep 30 103 J an 12
98% J ’ly
W I4 9214
92
580
92
94
94
92
9218 92ls
4414 J a n
36% J ’ly 27
28 Ma.
27 M el125
321g
32
1,300 A m e rica n C o tto n OH______
*301-> 3214
31% 32
3034 *30
32
D o p r e f ________________
90 J au 21
82 O c t 3
90 D ec
95 Jau
*82
99
100
90
82
82
90
90
*85
*85
A
p
r
A
u
g
19
247
Jan
5
272
Aug
A
m
e
rica
n
)
x
p
r
e
s
s
________
215
ISO
420
19?%5193
202
200 200 §200 200 *195 205
8i4 J a n 11
1134 J an
778 M ay
A u g20
51,
900 A m e rica n G rass T w in e ___
*41.i
434
4%
5
*4%
*4%
4%
5%
0i4 Jan ie
3i8 A u {30
10 Jan.
*31,
* 31,
4“
100 A in e tica n H id e & E ea th ei
5*2 N ov
4
♦31"
4
31 ■> 3%
4
30!-,Jan 7
24 N ov
43 Jan
D o p r e f _______ __
15 S ep 30
*15 “ 16
200
*15 “ 16
*15 “ 17
15% *14 “ IS
35i4 Jan
32 Sep 27
88 Jan 2
______ A m e r ic a n ic e S e c u r it ie s ..
94?8 Sep
*30
3o
*29
36
32
37
40
*25
2914
Jan
A
ug
26
19I4
Jau
10
103j
Dec_______
A
m
e
rica
n
L
i
n
s
e
e
d
7
*3
11
*8
10%
#8
11%
11%
*8
11%
D o p r e f _______ _________
36 J an v
53?8 Jan
17 A u g 26
35 D ec
*10
30
30
*19
21
*19
21
*19
21
781 ■>J a n
75-34 F e b 15
5334 M ay
491, A u g 21
51% 5178 2,420 A m e rica n L o c o m o t i v e ___
51
51% 52
' 51
51%
51% 51%
120iJ Jan
D o p r e f ________________
98 AugL4 l l l l , Jan 21
108% D ec
200
*99% 101U *99 101
100 *100 103
*99% 100
§712 A p r 2
21, J n t io
gl2
100 A m e rica n M alt C o r p ______
4
4
*3%
4
*3
4
3%
*3
D o p r e f ______________
19% Sep 24
40 F e b 21
19% 1914
500
20
20
*19
20
*19
20
20
9 3 i„J a n v "*9214 Dec- 10 k , Jan
80 O ct 1
90
*80
400 A m e r S m elters S ec p r e f B
88
85
85
8012 83
84% Sep 28 rl56 Jan 7
138% Mas 174 Jan
87% 88% 205,910 A m e r S m e ltin g & R e fin in g
8634 88%
86% 8813
85% 88
*87%
130 Jan
D o p r e f ________________
9212 A u g 20 11738 J a a 7
112 D ee
2,100
96% 97
9534 9612 *95
96
97
97
96
205
J
an
i
«
A
m
e
r
ic
a
n
S
n
u
fl___________
220 J a n
J
’l
y
1-2
192'200
J 'lv
240 *150 240 *150 240 *150 240 *150 240
107 J a n
D o p r e f________________
82% Sep 25 102 J ’ne 7
100 D ec
*75 100
*75 101
*75 100
100
*75 100
103, J ail 5
1514 J an
51, May22
93j N ov
7
500 A m e rica n Steel F o u n d rie s
* 6%
*6
61"
7
7
6%
7
7
471, Jan 7
5314 J an
D o p r e f . ______________
2834 A u g 21
40 M f"
37
*03
225
*33
38
37
38
oi-a *33
157 Jan
4,200 A m e r ic a n Sugar .R efin in g . 1071- A u g 16 137% F e b 13 127% M.
110% 1123S 111 111%
110% 109% 109% 11078 111
140 J a n
D o p r e f ________________ U lih Sep 5 131 Jan 1
116% 116%
300
128*2 D ec
120 *116 120
1161s 1161s 117 117
A m e rica n le le p li & T e le r C 1041 J 'n e i4 133 Jan 4 130 J ’ly 144% Jan
no
*105 110 *105 110 *104 108 *104 108
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96 J ’ly
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7« !2
77
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77
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301, Jan t
48 Jan
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28 Nov
2,300 A m e r ic a n W o o le n ________
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l ) o p r e f . . ________ _
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6
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4<j 78 Jan
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4,245 / 'e n tr a l L e a th e r __________
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18% 1934
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20
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61 Jan
54
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54% 54%
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199 Jan
138 Jan
______ Fed eral M ining & S m e lt’ g
95 Sep 13 163 J an 16
*82% 94
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95
97 Jan 14
D o p r e f _____ __________
91 J ’ ly 1127s Jan
80
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124
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81 Jan 14
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71
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73
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8
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16334 Jan
9>- Alaj 27 1411,J an 7 133 j ’ly
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59
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2834 J ’ ne
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2234 23% *22% 24
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157 157
158 *156 158 *156 158
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571, J an 10
31-34 A u g 16
l > a h w a y S teel S p r in g ___
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9734 J ’ly
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IV
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145 *135 145 *135 145 *135 • 145 *135 145
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30% 30%
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_ Texas P a cific Land T r u s t .
85 Jan 17 “ 60 M i.. I 88 O c t
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26% O ct 3 !
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23
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31
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83lj D ec I 9678 J a n
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75
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47
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______ U S R e d u c tio n <& R efin in g
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15
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D o p r e f________________
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27 Sep 30
30
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30
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, Jan
75 »**> i8712 Jan
3(10
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60 A u g 15
60
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0OI4 O c t
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26% 27%
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271i *26% 27%
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11314 Jan
D o p r e t________________
8714 Sep 30
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87% 88% 125,3 to
8 8 « 89%
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21% 211" *21% 22
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j ’ ly
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1,350 V lrrin ia-C 'vrolln a C h em __
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20
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104
J ’ly 1171' J a n
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250 M ay 7
300
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85 Jan 10 t 8334 D ec
9414 J a n
74
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___
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148 A u r 176 J a n
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138 *1111 138"’ 129 129 * ____ 126 *122 130
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162
No\ 18> Jan
D o 1st p r e f ____________
165 * ____ 165 * . . - 165 * ____ 165 * ____ 165
18
17
3334
1034 III4 *11
11
1934
20
19
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11
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22
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39
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17
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4
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♦91%
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* ____
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Tuesday
Oct. 1
[VoL* im y .
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10
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15
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18
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11
24
15
17%
40
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19
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36
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20
24
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113)2
BA N K S
AN D
TR U ST
C O M P A N IE S — B A N K E R S ’
Bid
Ask
Ask T rust C o s .’
Bid
Bid
Ask
Bid
( rust Co% .
Banks.
N Y C ity .
200
215
225
Fifth A v T r .
1221, 132% B rooklyn .
A s to r _____ 340
470
Bankers’ Tr
F u lto n _____ 275
230
390
425
B ow l’ g G r’ n 410
600
G u aranty T ; 475
First _______ 370
270
155
Broad w a y T r 150
G uardian T i 210
400
d o m e B ’ nklj 225
425
205
90
.la n u fa e trs’ 400
H u d s o n ___
C a r n e g ie ___
32 a Central T r ’ st 1700
K n ic k 'b ’ ker 1109
M echanics’ 1i 300
C olu m bia . . 200
Law T I& T r . 2i>0
M ontauS____ 160
207
2 70 C om m ercial
200
215
L incoln T r . . 310
B rook lyn .
N a s s a u ____ 240
310
C o m n io n w ’ h 100
M anhattan .
Nat C i t y . . . 300
370
M erca n tile. _ 825
N orth S ide 1! 330
-C m plre____ 340
B orou g h T!._ 170
400
4 e t r o p o lit ’ n ____
:q u ita b leT r 375
B roa d w a y 11. 450
P rospectP k T 160
140
155
Farm L o & T 1180 1200
.lorton T r ’ st 650
130'
» r m in a l..1
B ro o k n
1' 5
♦ B id and -vsked prices: no sales o n t tils d a y . j L e j s th an 100 shares. t E x -rig h ts. DVew s to c k .
t Sal a at s t o c k E x ch a n g e or a t a u c tio n th is w eek .
sT ru st C o . ce r tific a te s . U Banks m a r k e d
BanksU n ion K xc 11
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W a s h H ’ htsl.
W est Slde^L
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215
550
315
51'0
225
100
1200
250
330
430
875
575
700
Q U O T A T IO N S
Ir u s t C o’ s
M u t u a l ------Mut A lli’ nci
N Y L lfe & T r
N ew \ ork Ti
Standard Tr
T itle G u & l r
T r C o o f Am
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US M tg& T r
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V a n N ’ den i’r
IW ashington
1 V i n d s o r ___
Rid
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115
125
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195
976 1010
620
640
____ 400
420
440
650
68)
1250 130,)
4 20
410
1125 11/5
325
345
____
400
200
185
Trust C o’ s
Brooklyn.
H rook lya f i
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r-’latbu sh . .
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H am ilton . .
l o m e _____
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tvlntrs 1'0 ___
LI si L & T r ..
I N r s s a u ____
‘P e o p le ’ 1; ___
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420
130
250
300
300
20
45 1
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-
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140
275
325
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c E x - d l v l d e n l a n d r % .it s . e. \i.w q u o te d d olla rs per s h a ie .
w ith a p a ra g ra p h (.11) are S ta te nan^s.
N e w
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B o n d
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N . y . ST O C K E X C H A N G E
w k k k E n d fn o o c t 4
Li.
( .o v e r iu iio iii
U S 2s cou sol reffi8tered.u(193i
U 3 2s oousol c o u p o n ___ <<193t
D S 3 s r e g is t e r e d ............. /C19L'
U 8 3s c o u p o n .................... &191S
U 8 38 r e s sm all bonds../clVJ1 ?•
\J 8 3* oou sm all b o n d s ../c l9 D
U S 4s r e g iste r e d ......... .. .. 1 9 2 0
U 8 4s c o u p o n ...................... 192
TJ S P s n C ;in 10-30 y r 2 s .fc ii'3
P h iln ip in e isla n d s 48.1914-34
P u b w k » a n d Im p re - 4s 193
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J-J
A-O
J-J
FA
A-O
J -J
J - .1
VI-s
8 4 ’a .........
9 5 7g Sale
96 ........
87 *2.......
85*, S e p ’ 07
95 *2
98 *v 61
9 6 34 A u g ’o7
88 *4
88 *4
5
86 A p r ’ 07
'8 ^ : : : : : :
85 *2 Sep ’07
9 1 78 Sale
131
91*2
93
1 0 i a4 Sale 101*2 10134 I9t
101 J ’l y ’ u7 . . . .
9S«8 Muy’ OV
96 F e b ’ 07 . . . .
98*2 .N..v'0 -l
94 N ot'O B
8 8 ......... 93 M ay’07
88*2 Sale
88*2
88*2
C en t <il G a R R —( C o n )
3d p r e f in c o m e g .js stam ped.
C h a lt Jiiv pur m ou u. 4 s .i9 5 i
M ac
is or D iv 1st g 5s. 194*
M id G a & A tl D iv 5 s ___ 194.
M ob ile D iv l s t g 5 s ........1046
Jen R K & B o f ija co l s 5s 1937
J e n t o l N .1 g e n ’ l gold 5 s . 1987
R eg ist e r e d ...................k 1987
A m D ock <fc Im p en 5 s . .1921
~ 0
* r
J-l*
J 'J
J-J
J-J
VIJ -J
OJ
J -J
89*8
90
” 9’e% Sale
9 5 7s
85 Sale
89 Sale
85 *2 Sair
io o * '
!-8 i4 .
107-4 .
107
88
..........
101
101
100
92 Vj 92*4 A u g '07
101 1* 10034
101
......... 10034 100%
.......... 10034 M a) ’ 07
1 0 1 7g Sale
8*6"
iiiiii
89
90
Svt** J ’ n e ’o7
95*a
99
94 Sep ’ 07
120 O ct 01
h5
85
89
89
85*2
86 »s
S9 O ct ’ 06
1057g F e b ’ o',
109 A p r ’ 05
10!i34 J ’ n e’ 07
116 M ay‘ 01.
113 *2 N o v ’ oO
1 1 9 *2 M a i’04
94 M ar’ o7
100 N o v ’ 04
113*-: M ay’ 07
103*2 F e b ’0 “,
103 A p t ’ 9<
124 A p r ’ 06
118 J ’n e ’ 07
105 .
114*2.
*66*'
C h ic <fc A lt R R re f g 3 s . . .1949 A O
R a ilw a y 1st lien 3*2S ...1 95o J -J
J -J
C lue Burltfe y — U env D 4s 1922 F-A
Illin o is D iv 3*28............... 1949 J -J
R e g is t e r e d .....................194:* .1 - J
J -.l
Io w a D iv s in k fund 5 s . . 1919 A O
S in k in g fund 4 s ............. 1919 A-O
N e b ra sk a E x te n sio n 4 s . 1927 VI- N
M-N
M-S
J o in t bonds See G rea t N orth
D eben tu re 5 s .................... 1913 VI-N
Han & S tJ os co n so l 6 s . .1911 M-S
Clnc<fc E 111 re f & im p g 4s 1965 J - J
81*3 91
1st s 1 c u r 6s .....................1907 J -D
95 102 *-2
9 3 34 10134
1st c o n s o l g 6s ...................1934 A-O
86
92>
G eneral con sol 1st 5 s ___ 1937 VI-N
86
86
R e g is te re d ...................... 1937 Yi-N
C h ic <fe In d C K y I s t 6 s .l 9 3 t , J-J
84*2 92 v
88*4 108*4 C h icag o & E rie See Erie
97 102
Ch ic In & L o u is v ref 6 s ...1 9 4 7 J - J
99 101
J -J
L o m s v N A <fc Ch 1st 6 8 .1 9 1 c J J
98% 98%
96
96
C h ic M il & St P term g 5s 1914 ,1-J
G en eral g 4s series A ..e l9 8 9 J -J
93
10
118 ......... 1 3 2 78 J a n ’o o
I 0 2 4 ......... 112“8 J a n ’ 04
105 ......... 114*8 -Nov’05
90 ......... 9 9 *v M.ar’ 06
79
79*2 78*2
78*2
88 ......... 94 J ’ly ’ 07
116 M ar’ O
101*2 H 'l ’ s
113 A p r 00
^5*2 J ’l y ’ » 7
88 Muy’ o7
70 J ’ ue'07
66*2 A u g ’ 1>7
60 J ’l y ’ 07
os^
89
93 *2
89*8 92*2
95 *2 102%
94 101*2
aD ueJan
<L D u e A y r
a n d
P rice
Pri<tav
Oct 4
Uia
_____
.........
.........
Y e a r ly
ba n ge
Since
/ a w ia r y 1
AS! Low
H iyh Mo l.oiv
45 Ang'tiV
45
93 J ’ ne 06
99
98*4
99*4
lo t
110*2
.........
100
.........
69
63
Uiyfk
66
Db 10 ^
16 1 i 9 *4 t 6*4
1 1 17%
106", J 11
98 >4 A u g ’ O? ___
98
98
2
98% 100*3
97% 101
88
85
M ay’O
...
99 sa le
102%
9S34
98-»s 100
99 *2 Sale
102 104*4
92
101*2 103
121
127
108%
105
2 96% 100*3
96%
90%
88
8 8 % 55 87% 92**
90 Sep u
2 b 07M *103
1*8*3
99
106 M h>’0 <
106 106
100 *2 A u g ’ .,?
9S'S H 4
101 A u ^ ’ o ?
102
lo o
101 *4 D e c ’Oo
100 J ’l y ’06
1 99 104
99*2
1. 5 *2 J ’ly ’ 0 ?
1..0*2 109
92 A p r ’ . 7
92
92
102 Sep ’ OV
100*3 103
I 26 Sep ’0?
125*2 1 2 8 *,
i 09
109
1 l 0->*2 117*3
118*3 F e b ’Ob ___
2 106 113*3
1O6
106
..
120
121 A u g ’ o7 ___
109 Sep V ?
6
103Si i 0 2 *r 102 •«
103 *2 Sep ’07
103*2
100 S e p ’ .,,
100
9J
104 *2 Out ’06
89 J ’l y ’o /
I 06
1 1 6*4 Oct ’ 00
1 09 A u g ’O,
106 *2
.........
104 A u g ’O,
106 *2 10734 106*2 l U ( 34
6
......... 106 J ’ ue’ o ” ___
i 18
13 7 *2 J iy '91* ___
105 *2 J ’ l y ’ o .
103%
♦10 I *2
100*2 J ’ l y ’o7
*
.....
101*2
J -J
103
J-J
J -J
J -J 105
J-O l o l %
J -D
V-F 116
95
F-A
95
FA
M-N * 91*2
89
V -F
A-O 105 '4
A-O .........
A-O 1 0 4 -v
89%
102% J ’ ly ’ 07 ___ 100 105
102
106
9 102
107
111
110*3 1.1*2
2 109 116
......... 116 J ’ n e ’06
Sale J00
l o o *4 11 9 / *2 i 06 %■
_____ 104 May'dbi
112 F e b ’ Oo ___
.......
95
95 S e p ’ .u
91% 100*3
90 J ’n e ’ .j/
90
92*a
113 *4 l* eu 06
9 !*34 F e b ’ in,
76 J ’l y ’ O
75-4 80
_____ 63 Sep ’ 07
63
76%
96 58
S8 :‘„ Sal 6
M in era l P o in t D iv 5 s ___ 1910
So M in n D iv 1st 6 s ..........1910
S o u th w e s t D iv 1st 6s ___ 1909
W ts ifc M inn D iv g 5 s ___ 1921
M il & N o 1st M L 6s ___ 1910
D e b e n tu re 5 s .....................1909 M-N
R e g is te r e d ...................... 1909 M-^
A-O
A-O
S in k in g fund deb 5s ........1933 M-N
vi- N
N orth Illin o is 1st 5 s ___ 1910 M- 8
O tt C F & St Paul 1st 58 1909 M-S
W in on a <fc St P e l 2d 7 s .. 1907 M-N
M il L S cfc W est 1st g 6s 1921 M-N
112 118*2
E x t ifc Im p s lu m ! g 5s 1929 F-A
02 103 *2
M-S
J -.1
M-N
i 18 123*2
Clue R o ck ls l <te P a c 6 s . ..1 9 1 7 J -J
8 9 34 96%
R e g is te r e d ...................... 1917 J -J
G en eral gold 4 s .................198b J-J
,1 - J
99*a 102*2
R e fu n d in g g 4 s ............... 1934 A-O
99
105 C oil tru st S e r ie s H 4s . . 191<i M-N
I0 0 a4 1 0 0 3<
M-N
M-N
N 4 s ...................................1910 M-N
O 4 s .................................... 1917
P 4 s ...................................1918 „i N
C h ic R I & P a c R R 4 s . .2 0 0 2 M-N
116 110
R e g is te r e d ..................... 2002 M N
100*2 111
Coll tru st gold 5 k ......... 1913 .U S
Bur Ced 11 & N o r t h e r n 85
9*1
90
Con 1st
co l tr g 6 s ...1 9 3 4 A-O
85
A-O
70
C R f F & N W 1 st gu a s . 1921 A-O
66*2 7 l a4
M tfc s t L 1st sru e 7 s .. 1927 J - 1*
60
65
3 r-
......
i o 6 ’ 1.15 N o v ’O:
1 15 *2 A u g ’ O;
98 A u t ’ 07
1 19 *2
119 *2 120
117-’,
117% i m
107 A u g ’07
10.; *4 103
J -J
J -J
J -J
J-J
J-J
J J
J-J
J-J
J -J
J -J
85
90
Chie<fc N o r t h w c o u s 7 s ___ 1915
87
96
E x te n sio n 4 s ..........1886-1926
K e g iste re .i........... 1886-1926
85*2 9 0 34
G eneral gold 3*28............. 1987
R e u is t e r e o ...................p l9 8 7
1u 5 78 105 %
S in k in g fund 6 s . ..1 8 7 9 -1 9 2 9
R e g is te r e d ........... 1879-1929
0 9 34 i'13%
S in k in g fund 5 s . . . 1879-1929
YVeeic’ 8
Rani/e or
Last Sate
106
G en eral g 3*28 s e n e s B .e l9 8 9
Clue <fc L Su D iv g 5 s___ 1921
C h ic <& M o R iv D iv 5 s . ..1 9 2 6
C h ic & P a c D iv 6 s ........... 1910
C l u e * P W l s t g 5 s ........1921
D a k & G t S o g 5 s ............. 1916
F a r <fc Sou assu g 6s ........1924
H ast <fc D D iv l s t 7 s ........1910
78*2 89*2
94
94
_
....
10 1*4 Sep ’ 07
>0.:*>4 104
102 *s A u g 0 1
106 A u g ’ (.7
106% be O ’ O.
....
100-<4
.........
104
no
100>
98*2
102 “2
117%
116
*16
9^34 Sep ’07
97 Sep ’ o7
92*2
02 ‘2
95 F e b ’Oi
i o 7 J n c'o 7
It,6*4 J ’ n e o<
106 ^ A u g ,, /
ll,0*2 1*’*)-.
9 u j4 J ’ n e’ 0'1
104 Sep 0 ,
103 J ’ u e’ .M
110*2 Sep ’ o7
117 F b o '. h
106 *4 D e c ’ 0.
100% M ay'07
10 0 ‘8 A u g ’ O?
1 1 8 -2 Sep 07
113 *2 M ay’OV
121
107
*2
102
100
126*3
111%
105
1**6 %
107
8 8 % 93 '4
109
104
.0 6
106
113*4
105%
112
106%
105 *2 109
100 4 100*3
103
3 102
l.*5%
1,2*8 l(*4
110%
106
106% 1**7
107 111 *3
1 116 l 2 l
9 k 34 102
97 104
02 *2 98
5
95
106 107
106*4 106*4
10 *2 j.07
1 100
98
04
1,,3
1.0*2
102%
JOl
107
103
114%
1110*4
lOO-s
t 18*2
1 13
102%
101%
1 3%
113*2
...
1 .7
1 17
loO
12b *2 F e b ’ 00
109 .''ep ’ 03
114 J ’ l y ’ 07
110 114*2 116*2 M a r’07
S’6 S Sale
96
.*. *2
86 *8 bale
85
65*2 Sal«
82*2 84
107*2
104
1 14 117*3
1 16 *3 1 ,6*3
94 100*3
99%
92
86 *8
8 S1 93 85 *3 91%
S*7 J ’ Iv ’ j 4
4
90*4 Jan ’0 ,
. 0*4 90*3
90% F e b ’ u?
9 ,,3.
b4
64*4
68 Si
69*4
79 D ec O.i
82%
83*2
10a *2 Sep ’ 07
120*3 M a r’ 03
111 N o v ’05
4b
20
90*4
90
77
81 -4 91%
108*3 119
B i) > .< — Conim ii<-it o n > e x i I 'a a e .
95*3 Sale
1 95*3107
95ia
95*2
76% Sale
76
77*4 106 73 34 9 %
101 ......... 101 Sep ’ 07
100*2 103*4
98*2 Sep ’07
98*3 101*2
" 9 9 " SaiV
99
99*-.
98*2 108
98 Sep ’ 07
98 104
8?
89
b7 F e b ’07
80 * ......... J-0 Sep ’ o <
80
88*2
......... 80
8.1 Sep ’ 07
79
86
......... 101»4
9 S 4 Mhv*07
98*2 102*2
9 7 34 9 8 ',
9634 98*2 9 7 34 Sep ’ 07
95 J ’ lie’on
; i i i n * 8*5 "
85 A u g ’ 07
85” *8 6 V
.......... 88
b0*2 93
b0*3 J ’ n e ’ . 7
62*3 Sal.82
5 1 S.
6 *i% 541 53
08
73
69*4 J ’ l y ’07
109 At a r’ Hs
98 M ay’ im
*J5Jo p n o o F r i d a y ; la t e s t p n o e t h is fr e e k .
e e k ly
Leh & W ilk s B Coal 5 s .. 1912 M-N
Con e x t gu a r 4*28___ «fl910 Q-M
M-S
Cent P a cific See So P a cific ( :o
Q-F
86
94% ( -has <fe b a v s e e A tl Coast L in e
,-4*2 92 7p Cites & OI110 g 6s ser A . . /i l 9 0 b 4 - 0
75 78 1^5*4
A-O
9S>4 103*4
1st co n so l g 5 s ...................1939 M-N
96
99
R e g is te re d ...................... 1939 VI-N
vt-s
91*3 95
01 $6 to a .
R e g is te r e d ...................... 1992 M-S
C raig V a lle y 1st g 5 s ___ 1940 J -J
R & A D iv 1st con g 4 s . . 1989 J-J
2d co n so l g 4 s .................1989 J -J
W arm Spr V al 1st g 5 s . . 1941 M-S
. U l b C t l i l . A M i O l ; . ''
S t r e e t K a il w a y
B r o o k ly n Rap T r g 6 s ........1945
1st refu n d c o u v u 4 s ___ 2002
B k C it y 1st con 5 s . 1916.1941
B k y C o <& 8 con g u g o s.1 941
B k ly n Un El l s t g 4 -6 s .l9 5 0
Stam ped t u a r 4 -5 s___ 1950
K in jis Go E l l e t g 4 s ___ 1949
Stam ped gu ar 4 s ......... 1949
N assau E lec gu g 4 8 ___ 1961
C on n Ry<fc L 1 s t * ref g 4 *3 8 ’ 51
Stam ped c u a r 4 *28......... 1 9 5 1
' D e n Con T r C o 1st g 5 s . ..1 9 3 3
D e t U n ited l e t con g 4 Jaa.l93v
'H a v a n a Eleo con sol g 6 s . 1952
I n t e r -M e t ooll 4*28............. 19. 6
I n t e r n a l T r a c c o ll tr 4 s .. 194,
•JLoma rty t;o 1st coll <r &s..193*
■M a n ila E leo 1st & c oll 5 s . 1953
W
106*4 107*4 140 1027e 10734
102*2 1 0 2 7s 10o5 iO I 103
11*0 *4 A p r ’ 07
100*« 100*4
126 M a r’o7
126 126
120 M ar’Ot
92
93*-. 91*2
6 91*2 96
91*2
93 *4 M ay’ O,
*3*4 953.)
” 25 4, ' 2 7 -*4 28 A u g ’o7
20
3U*4
a C en t See 8 o R y
A labam
laba M idi See A t Coast Line
A lb a n y & Susa See L e i & llu u
A lle g h e n y V a lley »S'<?ePennRh
A lle g & W est s e e Butt R & t
A n n A r b o r 1st g 4 s ..........>il995
A tc h T <fc 8 Fe—G en g 48.1 9 9 6
R e m s te r e d .......................... 1995
A d ju s tm e n t g 4 s............/tl99;i
R e g is t e r e d .................../t.1996
Stam ped. . ...................../ i l 995
C o n v g 4 s ............................1956
10-year c o u v g 5 s ......... 1017
D eb en tu res 4 s S eries F .1 9 0 8
S eries G ........................... 190!
S e n e s H .......................... 1910
S e n e s 1 ............................ 1911
S eries K ...... ....................1913
E a s t O kla D iv 1st g 4 s . .1 9 2 8
A t l K n o x & N See L & N
A tla n tic C oast 1st g 4 s . /i l 9 5
C h arles & S ay 1 st g 7 s ..1 9 3 0
t 8 av F & W 1st gold 6 s . . 1934
1st gold 5 s ...................... 1934
A la M id 1 st gu gold 5s ..1 9 2 8
B r u n s * W l s t g u g 4 s ..1 9 3 b
L & N c oll g 4 s ...............o l9 5 2
Sil S p O ca ifc G gu g 4 s ..1 9 1 8
A tla n tic & L a n v See Sou th Ky
A u stin <fc N W & e«Sou Pacilic
ait & O h io p r io r lg 3 * a s . 1925
R e g is te r e d ................./il9 2 5
G old 4 s ............................. /1.194s,
R e g is t e r e d ...................)tl9 4 b
P itts J u n e 1st gold (is ...1 9 2 2
P J un ife M L iv 1st g 3 *381925
P L K & W V a S y s r e f 4sl941
Sou tliw L i t 1st g 3 * 3 » ...1 9 2 6
R e g is t e r e d .................../tl!>26
M on ou K iv 1 st g u g 5 s . . 1911*
Cen O hio R 1st C g 4 *a 8 ..l9 3 t
U1 Dor <fc W co n 1st g 5s 1933
O h io R iv e r K R 1st g 5 s .1930
G en eral gold 6s ............. 1937
P itts C lev i& Tol 1st g 6 a 1922
P itts <fc W est 1st g 4 s . ..1 9 1 7
S tat ls l R y 1st g u g 4 *2S l 943
B a t C reek cto s See M ich Cent
B eech C reek s e e N Y C <fc H
B e lle v & Car See Illin o is Cent
B k iy u <fc M on tau k See L o n g I
B ru n s ite W est See A tl (.'oast 1.
B u tlalo N Y <fc E rie See E rie
B u llalo R & P gen g 5 s . . .1937
A ll <fc W est l s t g 4 s g u .,1 9 9 b
C l cte M ali 1st gu g 5 s . ...1 9 4 3
R och & P itts 1st g 6 s ...1 9 2 1
C ou sol l e t g 6s ............. 1922
Bu tialo * S ou th w es t See Eric
Butt & Susq 1st r e f g 4s.<<1951
B u r G 11 & N See C R K p
tanada S ou th 1st 6 s ........ 1908
'2 d 5 s ................................... 1913
R e g is te r e d .......................1913
C a rb & Sh a w n See 111 Cent
C a rolin a C en t See S eab A ir L
Cart huge & A d See N Y C & H
C ed R la t & N See BC«R<fc A
Cen B ra n ch lty See A1o Pao
C e u t o f G a R R 1st g o s . . p l 945
C on sol gold 5 s ...................1945
R e g is te r e d ...................... 1945
l s t p r e f in com e g 6s ___ £>1945
S t a m p e d ...................................
2u prei in com e g 6 « . .. .p l 9 4 5
S t a m p e d ...................................
3d pret in com e e 6a___ p i 945
F r id a y ,
l(()M )b
N . Y. S T O C K E X C H A N G E
W kkk E ndino O ct 4
Week?s
R ange or
Last SaU
<^-S
y -F
K o i t Ikii (x o v e r iiiiie n l
Im p e r ia l Jatpanese G o v e rn m ’ T
H, loan 4*28 c tls fu ll p d . 192f F A
2d s e n e s 4 *2S c tfs fu ll paid J J
£ loan 4s ctl's lu ll p a id ..1931 J - J
R e p u b o l C u ba 6s ex ten d e b t .. M-S
U 8 ot M e x ico s 1 g OS of 1X99 O-J
G old 4s o f 1 90 4................. 1954 J-D
f/
S t a t e a n d C ity S e c u r i t ie s
A laoatua c u r r m ini 4 s ____11)21* J-J
D iet ot C olu m bia 3 '6 5 s ___ 1924 If-A
L ou isiana new con sol 4s .. 191 1 J-J
N Y C ity—T m p ora ry re . eipt-s
fo r 4 *a C orp Ste. k ....... 1967 M-N
fo r 4 >2% asse.iem t b o n d s .. ’ 17 i«i-N
N ortli C a iolin a con soi 48. 1911/ j - j
6s ............................................ 191! A-O
8 o Carolina 4 *28 20 -4 0 ........193; J-J
T e n n n ew settlem en t 3 a ..1913 J -J
V ir g in ia fu n d d e b t 2 - 3 s .. . l 9 9 i J -J
6s d eterred B row n B ro s ctls .
R e c o r d ,
I'O I
e D u e jia y
> ir e e t I ta iU v a v
-Met S t R y gen co l tr g o s . 1997
R e i g 4 s .................... .'.........2002
bway<fc 7th A v l s t c g 6 s 1943
Coi«& 9ttl A v l s l gu g 6 s . 1993
L e x A v & P F l s t g ' i g 5 s 1993
T h ird A v e R R con g u 4s 2000
T h ird A v e R y 1st g 5 s .. 1937
'le t W S Ei (C lue) 1st g 4 s.l93 .S
Mil El R y 6c L 30-yr g 5 s . 1926
'lin n St R y 1st co n g o s . .1 9 1 9
N O rl R y <fc L t j;en 4*28 ..1 9 3
S t Jo-. R y L t H & P l s t g 6 8 ’ 3 .
1 P a u l wity C a b co n n oa 193
n d e rg ro u n d (it Lou 6 s . . . 190b
1 m ou El (C lue) 1st g 6 s . .194.
1 nited R K s San F r s f 4 s . 1927
u n ite d K ys 8 t L 1st g 4s. 1'.*34
W * liic 8t 4*l-yr con u 5 s .l9 3 C
i /D u e j ’ne
/iD u e j ' l y
F-A ■......... 97*2 101 J ’ ly ’07
A-O ......... 72*4 73 A u g ’O/
J D 100 105
100
1 o
M-a 104.... 115
1 5 Sep ■ 7
M-S ......... 105
10.' *2 A u g ’ 07
J-J
til
62 *4 63
66
J-J 105
10 8 ;i4 J ’ly;«)7
t*3
F-A
109 J ’ l y ’ 0
F-A
J-J
107 *2 F e b ’06
90 *2 s ep ’06
J-J
M-N * 9 5 * * 1 " " ! 1.*3*4 O ct ’ O
’ Ol
J J
110*2
■III
6*9*' 61*4 Sep '.11
10*1 Jan 'O
72 b-1. ’ 0
**7*2“
79
80
79*2 J ’ l y ’ >7
9:* D.-C 9,
M-N
/c d u o a u j
oD
ae o c t
pD aeA or
100 1()S»4
73
85
lo o
113
106
1131*
107 *2 1 0
61
89
10834 1 14*a
04*4
t*0
67
79*2
94
1 (>0
83*4
85
< O p t i o n S a lo
New York Bond Record— Continued—Page 2
846
BONDS
N . Y . STOC K E X C H A N G E
W e e k E n ding O c t 4
9
O
•*-i"**
A.nt\ Low
B id
C h ic R o c k 1 <fe P a c— (C o n )
W ien ’ s
R ange or
L a st S a le
P r ic e
irid a .ii
Oct 4
M-N * ......... 10534
K e o k & iJrs M 1st 5 s ___ 1923 A-O
C h ic s t L & N O See i l l Cent
CI110 St L <fo P itts See Peun C<
C h ic St P M tfc O con 6 s . ..1 9 3 0 J -7 126 .........
................
C on s 6s red u ced to 3 V 8. 1H30 ,1- 1)
Ch S t P <fc M um 1st gO s 1 9 1 ’r- VI- N * ......... 127
N o r W iscon sin 1st O s...1 9 3 0 ,1- J . . . . . . . . . . ...
S t P & S C ity 1st g 6s . ..1 9 1 ! A-O 109 *2 .........
C h ica g o T e r T r a n s g 4 s . ..194 7 J -J ................
Q u o * W e s t I n d pen g 6s 91932
C on sol 50 y e a r 4 s ............. 1952
Ch ic tfc W M ic h nee P e re M arq
C h oc O <fc G u lf See C R 1 & P
Gin H <fc i> 2d gold 4 V s . .. 1937
C in D tie I 1st g u g 5 s . ..1 9 4 1
C F in d & F t W I < jt g u 4 s 2 .’ li3
O in I & W 1st 211 g 4 s . 1953
I n d D e c & W 1st g 5 s . .. 1935
C I St L & v bee C C C <fc St L
C in S & C See C C C St L
C learfield & M ali See B R & P
C le v Gin C & .St L g e n g 4s 1993
C airo D iv 1st gold 4 s ___ 1939
Gin VV & M D iv 1st g 48.1991
8 t L D iv 1st co l tr g 4 s . .1990
R e m s ie r e d ...................... 1990
Spr <fc C oi D iv 1st g 4 s . .1940
W-M
J. J
Hifjh A'o Low
M ay’ Oe
Sep ’07 . .. 101
96*2 Hale
...... ...............
*94 .........
92 . . . .
96*2
96 V> 10
9 9 3g Jan ’ n7
95 Sep ’ 07
93 *2 A u i;’ 07
9Y J a n ’ 07
9 9 J4 h e b ’ 05
*88”
115*2 . . .
G eneral c o n s o i gold 6 s . 193*1 J-J
R e g is te r e d ...................1934 J-J
I n d B i« fc W 1st pret 4 s . 19401 A-O
125 129*« 1.27 j ’ly ’ 07
__ _ ..
................
104 *2N ov’ 0 i
.......... 95
P eo & E ast 1st con 4 s . . .1941.' A-O
8 8 * 4 .........
......... 52
89
50
A u g ’ 07
50
63*2 65
8 4 * 4 .........
......... 84
65
84
95
65
81 ^
F e b ’ 07
See P enn Co
J -J
C o lo r a d o * Sou 1st g 4 s .,.1 9 2 (> r-A
R e iu n d & e x t 4 V s ......... 1935 M-N
See C’ S l <fc St P
89
50
R e g iste r e d ...................... 1917 M-S
J-D
A lb <fc Sua c o n v 3*23........1946 A-O
M-N
D el R iv R It B rid g e See P a R R
D en v & R G r i s t c o n g 4 s . 1936 J -J
C on sol gold 4 V s............... 1936 J -J
Im p ro v e m e n t goid 5 s ...1 9 2 b J-D
R io G r W e s t 1st g 4 s ___ 1939 J -J
M g e and col tru s t 4 s A .1 9 4 9 A-O
A-O
D es M 01 <fc F t D See M Ob -St L
G old 4a................................. 1995 J-D
D etroit S ou th ern —
102*4 M ay’ 07
118 .........
118 ......... 117*2 S e p ’ 07 . ..
..................... 127 J ’ n e’ 05 . . . .
118*2.......... 119*2 S ep ’ 07
1 0 7 * 2 .. .. . . 10734 Sep ’ 07
97
97 J ’ly ’ 07
102 F e u ’ 03
il9
......... 133 F e b ’ 06
149 A u g’ 01
95*4
96*4
96 Sale
9 0 34 Sale
9 0%
9 1 34
126
133 *2 D e c ’ 06
9 4 * 8 ..........
H9
61
9 3 34 Sep ’07
102 *s Jan ’ 07 ___
105*2 F e b ’ 07 ___
109 M a r’ 03
......... 104
91 s a l«
......... 76 “2
.......... ya
132
___
2
9
6
90*2
91
8 7 F e b ’ 07 ....
95
7 2 34
8 8 7g 95
8 7 a4 8 7 34
S e p ’ 04
89
A p r ’ 07
92
89
92
92*2
86 O ct ’ 06
......... 104*2 107 A u g ’ 07
112*2 F e b ’ 06
107
111*2
E lg in J o l <fc E a st 1st g 5 s . 1941 M-N
M-N
M-S
l e t co n s o l gold 7 s ............. 1920
E rie 1st con g 4s p r io r .. 1996
R e g is te r e d ...................... 1996
1st c o n s o l g en lie n g 4 s . . 1996
P en n c o il tr g 4 s ............. 1951
5 0-year c o n v An A ......... 1953
do
S erie s B ...1 9 5 3
A-O
J-D
M-S
M-S
J -J
J-J
J-J
J -J
F-A
A-O
A-O
J -D
J -J
M-N
Jetf H R 1st g u g 58___ a l9 0 9 A-O
A -O
M-N
J -J
N Y <fc G reen L g u g 5 s . 1946 M-N
J ’l y ’ 07
110
J -D
M-N
A -O
J-J
J-J
F-A
M-S
J -D
F A
J -D
FA
M-N
A-O
A-O
A -O
J -J
..........
11034 J ’ n e’ 07 . . . . 110®4 11034
107*2 J a n ’ 06
107*2 J ’ n e ’07
103*s M ay’ 07
108 J ’l y ’ 07
100 J ’ n e’ 07
128 A u g ’ 07 .. ..
......... 125
l/a lA & G E
See L S & M S
•Van & M ich See T o l & O C
K C F t S & M See S t L & S F
K C cfc M R tfc B See St L & S F
K an C & P a cific See M K & T
79
Sale
101*8 101*8
1 0 1'a 1 0 2 *a
62
59*3 05 V 62
106 .......... 105*4 1 0 * s4
9 7 i « ......... 97 V Sep ’ 07
100 A p r ’ 07
108
83
Sale
i o i ’v
.1 1 8
105 F e b ’07
61 *2 O ct ’01
86*2 A p r ’ 07
108
109
1073.4 D e c ’ 00
102 J ’ly ’ 07
9 8 D e c ’06
116 V M ay’ 07
93 V M a r’ 06
1 R ang*
| Since
ISanitary 1
ASK Low
No
108 *0 J Iv 07
107
100*4 D e c ’ Oo
100 A u g ’ 07 ___
9S
110% M ay’ 07 ___
107
.........
100*8 ......... 103*4 Sep ’ ()/
103
105 S. A p r ’ 07
____ 116 A p r ’ Ob
Low
108
H ig h
110 V
A-O
A-O
<fc D es
Mo
P I
92 ^
933» sait.
93
92 V
9a
93 7e Sep ’ 07
98
102 V
99 34
99 *2 ......... 9 9 3i
*96 ......... 103 N o v ’ OO
98
9 8 34 N o v ’ o o
98
99 A p r ’ Oi
6) 99
105*4
98 V
81
2
1C4
104
99
J ' l y ’ 07
91*4 Sep ’07
95 s J ’iv 'O o
9X *.. J ’ n e’ Oti
70 O ct ’04
97
100 J ’ l y ’ O/
.......... ......... 98 M a y’o7
99 _____ 98 Sep ’ 07
97 M a y’07
10234 Jan ’ u7
89 jVJay 07
. . . . . . .......... 123 M av’ 99
78 V A p r ’06
_____ 80
7834 F e b ’ 07
9 S 7«
96 V
. . . __ . . . . . .
...... ......
*.........
.......... _____
89*4
86%
___
___
. .. J
___I
....
.....
....
99
104 104
107 V 107V
91*4 100%
98 102%
98
98
98 103 V
97
97
102 34 102%
91
89
.........
.........
7 8 34 7a%
89 M ar’ 07 -..-1 88*4 89
101 ** O ct ’ 99
......... 100 N o v ’OO ...... .......... .........
......... 9 7 r>4 A u g ’07 ....! 9 '. 34 102
122 D ec ’ 05
97 M a r’ 07
97
97
118 >n A p r ’07
118*. 118*4
109*8
1193j
98*2 .........
95
98 V Sep ’ 07
97 M a r’ 07
113 V
95
95 V
60
70
1 0 1 * 2 l0 2 » 8
76
93 ^ Mav 07
114 Sep ’ 07
95
05
65 J ’l y ’ 07
101 V 1 0 1 V
73
73
98 V 100 V
97
97
93 *o 100
111 1 1 5 V
95
99%
79
65
i 101 111
r 73
2
es
08
63
63
O ct ’ 00
112
107
110
A p r ’ O.
K>
67 V
73
6 e e C R I < S jP
See N Y Cent
J -J
J -J
A-O
J -J
J -J
Leh V T e r R y 1st g u g 5 s .1941 A-O
)-,1
L eh <fc N if 1st gu a r g 4 s . .1945
107 Sj 109
103*8 103*8
E l C & N 1st p t 6 s ........1914
108 108
G old g u a r 5 s ...................1914
100 1 0 0 78
125 129*2 Leh & H u d 1{ See C en t o f N J
L eh tfe W ilk e s b See C en t o l N J
91
99*2 L e ro y & C a n ey V a l See M o P
L o n g D o c k See E rie
L o n g I s l’ d—1st co n g 5a.7il931
79
H8
85*a 85*2
G e n e ra l g o ld 4 s .................1938
80
91>v
F e r r y g o id 4 * a s .................1922
72 1 0 3 34
68
87
116*2 120*2
94*4
94*2 24
99 *2 O ct ’ 06
79
79 s 28
85 *2 F e b ’ 07
4
79
83
80
80
5
72
......... 75*4 72
68 A u g ’ 07
.......... 70
117*4 J ’ l y ’ 07
1 0 4 s8 F e b ’06
111*4
111 S e p ’ 07
110*2 119
107
.
9 8 J, .........
100*4 101
126 IMay’ O?
126 130
118 Sep *06
1u9 78 O ct *05
105
......... r J l ^ D e c ’ OG
94*4 Sale
N o prioe Friday; latest bidand asked this week. ® D u eJa n
1 1 o u sa to n ic See N Y N H<fe H
H o ck Vai 1s tc o n s o l g 4*23.1999 J -J
R e g is te r e d .......................... 1999 J -J
C ol tfc H V 1st e x t g 4 s .. 1948 A-O
F-A
H o u st E & W T e x See So Pac
lio u s t <fc 'l e x Cen <See So P ac Co
1 llm o is C en tral 1st g 4 s . .1 9 5 ] J-J
J-J
1st gold 3*28...................... 1951 J-J
J-J
112
10(1 .........
104 .........
99 *2
101*2 ..
W eek’ s
R a n ge or
L ast Sale
100 103
G en eral trold 5 s ............. 194t
110% l i o v
T erm inal 1st trold o s . ..1 9 4 :'
..........
R e g is $5,000 e a c h ...1 9 4 3
103*4 104%
M id KK of N ,J l s t g t i s .l 9 1 (
-105 V 105 V
W ilk .fc >;a 1st ? u ir.r)S. 104-.'
1. . . . . .
•'.Vtfc in d 1st con y a g 6s . . 1926
E rie <fc P itts See P en n c.'o
116 116
116 J ’ ne 07
E v a n s <fe 1’ H 1st c o n s 68.1921 J - J
io i
103 v J ’ly ’ 0 / ___ [103 V 106%
1st general gold o s ..........194'j A-O
A-i 1
114 A p r
1
....... ..........
106 *4 F e b ’ 00
S u ll Go B ran ch 1st g 6 s . 1930 A-O
L 'a r g o <fc So See Gli M <fc St P
I h n t ifc P e r e M .See P ere Mai
F la C tfc P e n iu »Vee Sea A ir I.in e
......... 105 M ar”.ih
..........
Fort St U D Co 1st g 4*2S.l941 J-J
.SjjlOii 112
Ft W & D en C 1st g 6 s ___ 1921 J-D 106 107 VI 1053« 1 0 5 3j
78
S0 34
8u'*4 10 80'4 87
Ft W tfc R io G r 1st g 4 s . .. 1928 J -J
i ’ al H a r tfc S A See So P a c Co
100 M ar’ 0 1 ... 100 103
' TfjU H tfc H o f 1882 1st 5 s . 1913 A-O . . . . . .
L Sh o & M ic h S
110
M IS C E L L A N E O U S
G a s an<l K le c t r ic L ig h t
A tla n ta G L C o l s t g o s . . .1947
B k iy n U G as l 3t c o n g o s . 1945
B u ffa lo G as 1st g o s ........... 1947
C o n s o lG a s c o n v d eb 6s ___ 1909
D e tr o it C ity G a « g 5 s ..........1923
D e t G as C o c o n 1st g 5 s . ..1 9 1 8
I l i K U U B k n See K Co E L A t
E d E 111 S e e N Y G c f c E L H t f e P
E q G jL. ^ if 1st c o n g 5 s . .193*2
G as tfc E l e c B e r g C o c g o s .1 9 4 9
G en E le c tr ic d eb g 3 V S ..1 9 4 2
10-yr g d e b 5 s (s u b s crip ) 1917
G r R a p G L C o 1st g 5 s . ..1 9 1 5
H u d s o n C o G as 1st g 5 s . .1 9 4 9
K a n C ity (M o ) G as 1 st g 5s 1922
K in g s C o E l L & P g 5 's ...l 937
P u rc h a se m on ey 6 s . . t ...x 9 9 7
E d E l 11 B kn 1st c o n g 4 s 1939
J -J
F-A
F-A
M-N
M-N
A-O
J-D
J-J
K eok
J -J
JPrice
tr iA a v
Oct 4
H ia
E rie— (C o n )
1st goid 3s s t e r lin g ..........1951 M-S
A-O
R e g is te r e d ...................... 1952 A-O
L N O & T e x gold 4s ...1 9 5 3 M-N
M-N
C airo B rid g e goid 4 s ___ 1950 J-D
L ou is v D iv & T e r m g3 *28.1953 J -J
M id dle D i v r e g 5 s ........... 1921 F-A
F A
St L o u is D iv & te r m g 3 s .l9 5 1 J -J
J -J
101*8 104*"
G old 3 ^ 8
1951 J -J
J-J
117*2 117 *2
12138 1 2 1 ^
S p rin a D iv 1st g 3 *28. . . 1951 J-J
W e ste rn L in e s 1 st g 4 s . .1951 F-A
J-D
M-S
119*a 122 V
J-l>
107 111*2
J-D
97
97
G old 3 ^ 8 . . . .
1951 J-D
J-D
M em ph D iv 1st g 4 s . . .1951 J-D
\1-S
90*2 109*4
87*2110
Ind B1 & W e s t See C C C & S t L
J -J
Inttfc G rea t N o r l s t g 6 s ..19 1 9 M-N
92
973<
2d g o ld 5 s ............................1909 M-S
3d g old 4 s ............................1921 M-S
102*8 102*8
104*4 105 >2 Io w a C en tral 1st g o ld 5 s .. 1938 J-D
G old 4 s ................................. 1951 M-S
110
See N o r P a c
? !
62
74*4
83 “a
*«
95
95
J -J
D ul S h ort L in e
BONUS
N . Y . STOCK E X C H A N G E
W e e k E nding O c t 4
Ga Car & N o r See s e a A Line
G eorg ia l'a c itic free So Ky
(ilia V G & S ot •see So P a c Co
95 102
‘ i o u v tfc O sw egai. .see N Y Gem
993g 9 9 “s G rand R a p & In d .seeP enn KK
i*5
9rt*v d r a y ’ s P t T erm See S t L S VV
93
9 8 3j Ot N o r—C K tfc y c oll t r 4 s 1921 J -J
97
97
R e g is te r e d . A......................1921 Q-J
G re e n b rie r Ky .see C hes ifc O
T 7
127
A-O
1st c o n s o l g u a r d s ........1915 J-D
R e iristered...................1915 J -l)
103
98*2 Sep ’ 07
97*9 99
97 S e p ’ (ii
95
99*2
109 J ’n e’ 0 7 - . - - 109 10‘ >
115 *2 Sep ’ 0 !
115*2118*2
98 ‘a .........
98 .........
Col tfc H ock Val See H o ck Vai
C oi & T o l Sea H o c k V a l
C ol t'o u n & T erm See N <fc W
1 \ak & G t So
H ig h
113 Oct. ’ 00 . . . .
102 J ’n e ’ 07
102 105*4
.........................
.................
83 Jan ’ 07
b3
83
104*^ F e b ’ 07 ----- 104*2 105
107 *2 D e c 02
1st gold 4 s .................... /Cl93b y-f
R e g is t e r e d ............... ^1930 Q-K
C m S As Cl con 1st g os. .192)- J-J
C C C ito 1 co n s o l 7 s ..........1914 J-D
C lev <fc P itts
R a n ge
S in ce
J a n u a ry 2
125 Sep ’01
125 131
93 D e c ’03
131*4 F e b ’ 07 ----- 131*, 131*4
12934 M a r’t)4
1 1 7 !V J ‘ IV’ 07
116 V 120 S.
9 7 34 A p r ’ n7
9 7 34 9 7 34
.9 7
lo o * .
110^4 11534 110 J ’ l y ’ 07 ----- 109*4 113
......... 9 7 78 A p r ’ 07 ----- 9 7 7e 98
92
,T- J
VI- N l O l 3* .........
M-N
J-J * ......... 88
J-J .....................
j-n
J-J
i - .i
M-N
Vl-N
M-S
111
101
?■«
[Vol.. l x x x t .
1 st 5 s ................................. 1911
N Y B & M B 1 st c o n g 5s 1936
N Y <& R B 1st g 5 s .
.1927
L o u is ia n a & A r k l s t g 5 s . 1927
M-S
M-S
A-O
A-O
102
111 114
106 V 107%
110 11 0 V
6
105 V 105 \
106 M ay’O <
O ct ’ 06
112 V A u g ’ o7 . . . .
......
1Oil *-) O ct ’ 99
108*8 106 V Sep ’ 07
95% J’ n e’ 07
105*2
10434 10 7 3«.
106 106
112 V 113*4
106 V I 1 2 V
96% 96%
113 7« j an ’ 06
105*4 J a n ’ Ot
99
Q-J
1 0 8 54
110
Sep ’ 07 ___ 110
J-D
M-S
J-D
M-S
J-D
M-S
M-S
M-S
A-O
M-S
Q -J
it-S
85
_____
89
89
99
84
95 V
U2
99 V
tt-J
84
92
102
99%
102 Hi
103
Sep ’ 07
N o v ’ 05
96
......... 9 9 14 O ct ’0(
34 Sep ’ o7
no
J ’ ne’ 01
92 Sep ’07
9 9 34 Sep ’ 07
105
109
102
114**
99*. 102 k
105
109*4
Sep ’ 07 . . . . i ’o o
103 V
B O N D S—C ontinued on N ext f a c e .
G a s a m i E l e c t r ic L ig h t
!
L a c G as L o t S t L 1st g 5s.«1 9 1 9 , Q-F 1 0 U fll0 1 \
R e f and e x t 1 s t g 5 s ........19341 A-O ......... 100
101 107*«
62
73 V M ilw a u k e e G as L 1st 4 s ..l9 2 7 jM -N " ......... 89
95 _____
104 I 3934 N Y G E L H t f c P g o s . . . 1948 J -D
P u rch a se m o n e y g 4 s ...l 9 4 9 j F-A .......... 80
97*8 100
E d E l 111 1 s t c o n v g 5 s . .1 9 1 0 M-S
100
100
1st c o n s o l g o ld 5 s ..........1995 J - 1
N Y & Q E 1 L & P 1st c o n g 5 s l 9 3 0 F -A
N Y <fc R ic h G as 1st g 5S.1921 M-N ......... 95
105 105
Pat & P a s G tfe E c o n g 5 s . 1949 M-S
P eo G as & C 1st c o n g b s.1 9 4 3 A-O
80
87
R e fu n d in g g o ld o s ............1947 M-S
38 102*12 110*4
C li G -L < fc 0 k e l8 t g u g 5 s 1937 J -J
'il’s "
99 .........
Con G C o o lC b l s t g u g 5 s . ’ 36 J -D
102 104
M u F u el Gas 1st g u g o s . 1947 M-N
95 .........
S y ra cu se L ig h tin g 1st g o s . ’ o l J-D
T re n to n G & E l 1st g o s . .1949 M-S
115 117
W e s tch e s te r L ig h t ’ g g 5s. 1950 J -D
:::::: *96**
101% 101®.
1 0 1 V J ’ n e ’07
9 1 V Jan ’ 07
94 V
94 V
79
79
100** A u g ’ 07
113*4 J ’ n e’06
95 A p r '07
103 N o v ’05
104*4 N o v ’05
116*6 J ’ n e’07
100 A u g ’07
100 J ’ ly ’07
1 0 1 V M ay’ 07
100 J ’ n e ’07
8 100\* 105 %
100V 1 02V
9 1 V 91V
1 94 V 103 V
8 4 7*
77
99 101
....
" "
' 95"
99
....
1 1 6 V 11#V
100 10 3 V
100 1 05 V
IO C V 108
. . . . 100 100
110** May’05
l O l V F e b ’ 07 . . . . 1 0 1 V 102
b Due Feb cl Due A pr e Due May h Due J ’ly k Due Aug 0 Due Oct 1 Due Deo » Option Sal*,,
Oct.
5
New York Bond Record—CWtiim^d—Page 3
1907.H
BONUS
N . Y . STOC K E X C H A N G E
WeeJ?3
P rice
BYidav
Oct 4
Week EndingOct 4
L o u is v & N a s h v g e n g 6 s .1930 J-D
G old 5 s ................................. 1937 M-N
U n ified gold 4 s .................1940 J - J
R e g is te r e d .......................1940 J - J
SinK fu n d gold Os............. 1910 A -0
C oll tr u st gold o s ............. 1931 M-N
5-20-yr co l t r deed g 4 8 .1923 A -0
E H * N a sh 1st g 6 s . ...1 9 1 9 J-D
L C in «fc -Lex g o l d 4*23 ...19 31 M-N
N ^ - f c M 1st so ld 6 s . . . .1931 J-J
N o 4 M 2d gold 6s ........1930 J-J
P e n sa co la D iv gold 6 s . . .1 9 2 0 M-S
S t L JDlv 1st g old 6 s ........1921 M-S
2d g o ld 3 s ........................ 1980 M-S
A t l K u o x & N o r 1st g5slW4<
H e n d e r B d g e l s t s f g 6 s .l9 3 1 M-S
K e n t u c k y C en t gold 4 s . .1 9 8 " J - J
L<fcN & M & M 1st ft 4 ><281945 M-S
Lcfc N -S ou th M j o in t 48.1962 J - J
N F la cfc S 1st g u g 6 s . ..1 9 3 F-A
N & C B d g e g e n gu g 4 *2S 1945 J - J
P e n s cfc A t l 1st g u g 6 s ..1921 F-A
S & N A la c o n g u g 5 s .. 1936 F-A
L & J e ll B d g e C o g u g 4 s . .1945 M-S
L N A & Oil See C I & L
ahon Coal See L B & M S
an hat tail R y co n so l 4 s .1990 A -0
R o gi ster e d ...................1990 A-O
M etrop ol El 1st g 6 s ___ 1908 J - J
M c K ’ ptcfc B V See N Y C ent
M etrop olita n El Sec M an Ky
M e x C en t c o n s o l gold 4 s ..1911 J - J
1st co n so l in com e g 3 s .a l9 3 9 J ’ ly
2d co n s o l in com e g 3 s ..a l 9 3 9 J ’ ly
E q u ip & c o ll gold 5 s ___ .19 1 9 A -0
M ex lu t e r u a t 1st co n g 4 s . 1977 M-S
M e x N o rth 1st gold 6 s___ 1910 J-D
M ich C en t See N Y C en t
M id o f N J See Erie
M il L S cfc W See C h ic & N \Y
MU cfc N orth See Ch M & St P
M in n cfc St L 1st gold 7 s . .1927 J-I)
I o w a E x 1st gold 7 s ........1909 J-D
P a cific E x 1st gold 6 s . ..1 9 2 1 A -0
S ou th W e s t E x l s t g 7 s .1910 J-D
1st o on sol gold 5 s ............. 1934 M-N
1st a nd refu n d gold 4 s . .19 4 9 M-S
D es M & F t L> 1 st g u 4 » . . . ’35 J -J
M in n <& S t L g u See B C R & N
M St P & S 8 M c o n g 4 in t gu ’ 38 J -J
M 8 S M & A 1st g 4 in t g u 1926 J -J
M in n U n See S t P M & M
M o K an & T e x 1st g 4 s . ..1 9 9 0 J-D
2d gold 4 s .......................... 0-i99O F-A
1 st e x t gold 5 s ...................1944 M-N
1st & re fu n d 4 s .................2004 M-S
G en s f 4*28.................... 1936 J - J
S t L D iv 1st ret g 4 s ___ 2001 A -0
D al & W a 1 s t g u g 5 s . . .1 9 4 0 M-N
K a n C & P a c 1st g 4 s . ..1 9 9 0 F-A
M o K <fc Ji. 1st g u g 6 s . ..1 9 4 2 A-O
M K & O k 1st g u 5 s ........1942 M-N
M K & T o l T 1st g u g 58.194V M-S
Slier Sh cfc So 1 st g u g 58.1943 J -D
T e x & O k l a l s t g u g 5 s . . . l 9 4 3 M-S
M o P a cific 1st c o u g 6 s ...1 9 2 0 M-N
T r u s t gold 5s sta m p e d .a l9 1 7 M-S
R e g is t e r e d ...................a l9 1 7 M-S
1st coll gold 5 s...................1920 F-A
40-year irold loa n 4 s ........1945 M-S
3d 7s e x td a t 4 % ............... 1938 M-N
C en t B r R y 1st g u g 4 s . 1919 l: -A
Cen B ran ch U P ls tg 4 8 .1 9 4 ,s J-D
L e r o y c f c C V A L l s t g 5 s 1926 J - J
P a c R o l M o 1st e x g 4 s . 1938 F-A
2d e x te n d e d g o ld 5 s. ..1 9 3 8 J -J
8 t L I r M & Sgen c o n g 5 sl9 3 1 A -0
G en con stam p gtd g 5s 1931 A-O
U n ified & ret gold 4 s . .1929 J -J
R iv <fc G D iv 1st g 4 s . . l 9 3 3 M-N
V erd i V I d i W 1st g 5 s .1926 M-S
M ob J <fc K C i s t co n s g 5 s . 1953 J -J
M ob <& O lno n e w g old 6 s ..1927 J-D
1st e x ten sion g old 6 s ../t l9 2 7
G en eral gold 4 s .................1938
M on tg om D iv 1st g 5 s . .1947 F-A
S t L & C airo c oll g 4 s ..« 1 9 3 0 Q-F
G uaran teed g 4 s ............1931 J-J
M & O c oll 4s See Southern
M o lia w k & M ai 6 'e e N Y C c fcH
isflonongahela R iv See B <fc O
M on t C en t See S t P M & M
M org a n ’ s L a <fc T See S P Co
M orris & E s sex See D el L & W
ash C h at <fc S t L 1 s t 7 s . 1913 J - J
1 st co n so l gold 5 s ..........1928 A -0
J a s p e r B ra n ch 1st g 6 8 ..1 9 2 3 J -J
M cA l M W cfc A 1 1st 6 s . .1917 J -J
T * P B ra n ch 1st 6 s . . ..1 9 1 7 J -J
N ash F lor <fc S lief See L <fc N
N at o f M e x p rior lie n 4>33.1926 J -J
1st c o n so l 4 s ...................... 1951 A-O
N e w H & D See N Y N H & H
N J J u n o H R See N Y C en t
N e w <fc C in B d g o See L o u & N
N O & N E p r io r lien g 6s p l9 1 5 A -0
N Y ISkin & M an B ell See L 1
N Y C e n t * H l U v g 3*33.1997 J-J
R e g is te r e d ...................... 1997 J -J
D eb en g 4 s ........................ 1934 M-N
L a k e Sh ore c o l l g 3 *23...1998 F-A
R e g is t e r e d ...................... 19 9 8 1 F-A
M ic h C e n t c o ll g3*38___ 1998 F-A
R e g is t e r e d ...................... 1998 F-A
B eech C reek 1st g u g 4 s . 1936 J -J
R e g is t e r e d ............. ... . . 1 9 3 6 J -J
2 d g u g old 5 s . . . ........... 1936 J -J
B eech Cr E x t l s t g 3*28 &1951 A -0
J-D
M
R an ge or
L ast Sale
High.
B id
ASk Low
115 Sep ’ 07
......... 117
111
......... 111*4 Sep ’ 07
96
97
97
96
101 *e J ’ly ’ 06
107 D e c ’ 05
105 106
106 A u g ’07
......... 92
94
94
111 *3........ 113 *3 M nv’ 07
10 3 * * ........ 109 M a r’05.
' ......... 124
125 •« M ay’07
122 *4 Mar*06
1071. A u a’ 06
117 M ay’07
62*3 A u g ’ 07
116 J ’ ly ’ 06
10S*2 Jan ’06
*3 Sep ’ o7
108 J ’ ly ’ 00
88
SB Saic
87*3
113*3 M ar’ 07
112
111
97
107*3
9 5 34 Salt>
J a n ’07
M ay’ o7
M ay’ 06
94b
9 5 3i
104 A p r ’05
101
101
100*3 .
77
15
11*9
77
78*2
16 Sale
12 *3 bait;
78^
16*3
12*1
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105*3 109
!*2»4 98
112 1 1 3 '
121 125'
117 12
62*3 72*2
93
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M-N
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F -A
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J-D
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J -J
J -J
J -J
A-O
J -J
J -D
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97=8
80" 9
113 *2 113*2
112
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94*2 100 ^
1 0 0 ‘4 103 'a
76
15
10
107
87
96
93
130 M a i’ 07,
105 A p r ’ 07
118 Jan ’ O'. I
113 *4 M a r’ 05
103 A u g ’ O
86 A u g ’ 07
97 A p r ’ 06
86
2 7 3<,
21
98
102
99
95*8
82 *3
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iol 102 102
J ’ n e’ 07
J ’ n e’ 07
9(5*8
83
102
79
79 Si 79 *5 Sep ’ 07
8 4 34 84 7* 8 4 7fes e p ’ 07
84 M ay’ 07
......... 87
104*2 J a n ’ 07
......... 93 *s 95*-j A p r ’OV
101*3 . . . . . . o l -a
101**
101 ......... 102 A u g ’ 07
97
y7
97 Sale
105 A u g ’ 07
......... 1 0 0 ib 100'g luO*i.
116*4 Sep ’ 07
......... 115
......... 100
107*9 F e b ’ 06
99 S ep ;07
99 100
M6 A u k ’07
......... 84
95*2 97*2 97 *3 M ay’ 07
90 J ’n e ’o7
......... 92
90 S ep ’ 07
110 M ar’05
96 ^ _____ 9 8 A u g ’ 07
116*s M a r!07
107
108*4
109*2 J’ n e’ o ?
" s ' i " '8 5
88
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107*2 A p r ’ 06
98 D e c ’ 06
1 1 7 ^ ........ 117 S ep ’ 07
122 D e e ’05
83 A u g ’07
108*3 M ay’ 07
92*2 A u g ’ 06
101 N ot ’ 04
106*3iof *8
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130
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118
130
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94
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79
86
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104*3 104*2
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97 106*2
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100 *e 107
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86
90
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90
9 6 34
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116 117*4
107 114
lost *2 1 ! O *4
80 88**.
85 92*2
117
124
83
108
94
108*2
B O ftB S
N. Y. STOCK E X C H A N G E
W eek E nding O c t 4
113 .... 112*3 112*-,
108*3109 111 S e p ’ 07
109 ........ 116*3 M ay’ 07
1 0 9 * 4 ........ 117*4 M a r ’05
113 J ’l y ’ 04
112*3118^
111 116
116*3116*2
108 ....
80 81
8 9 Sale
8 7 * 3 .........
” 79"
77
.........
.........
..........
Safe
80
80
80
99
89*4 J ’ l y ’ 07
78*s Sep ’ 07
8 8 34
89*4
88 Sep ’ 07
93*3
9 3 j4
79
79 Sj
79 Sep ’07
79*3
79\
8 4 s4 J a n ’ 07
102 F e b ’ 07
102 Mar*04
98*4 102*4
78*a 87*2
88
88
93
79
78
79*3
8 4 34
102
85
87
lo o
102
89
........
Sale
85
88
93
99
88*2
87
87*4
8 4 a4
102*4
N ¥ C en t & H R—( C o n tin u e d )
Cart
A d 1st g u g 4 S ...1 9 8 1 J-D
Gonv<fe O s w o l s t g u g 5 s 1942 J-D
Moll <fc M ai 1st g u g 4 s . .1991 M-S
N J J u n o R gu 1st 4 s . ..1 9 8 6 F-A
N Y & H arlem g 3*2S ...2 000 M-N
N Y & N o rth 1st g 5 s . ..1 9 2 7 A-O
N Y & Pti 1st con g u g 4 s 1998 A-O
N o r & M o n t 1st gu g 5s. 1916. A O
f i n e C reek r e s sruar 68.1932 J
R W & O co n l s t e x T ,5 s ./i] 922 A - 0
Os w e & R 2d mi sr 5 s __ e !9 1 5 F-A
R W <fe O T R 1st g u g 5 8 .1918 M-N
Ltutland 1st co n 1 4 *28..1 9 4 1 .) - J
O e & LC liani 1 st sru 4s fi 1948 J -J
Kut-Canad I s t g u g 4 s . l 9 4 i ' J-J
St Law * A d ir 1st g 5 s. 199*5 J - J
2d sold « s ........................ 199»> A-O
U tica & B Ik K iv g u g 4 s . l 9 2 2 J -J
LaKe S h ore c o ld 3 *2S___ 1997 J-D
R e g is te r e d ...................1997 J-D
D e b e n tu re g 4 s ............. 1928 M-S
2 5-y ear g 4 s .................. 1931 M-N
K a A < f c G R l s t g u c 5 s .l 9 3 8 J -J
M ahon C’ l R R 1st 6 s . .1 9 3 4 J -J
P itts ite L Erie 2d g 5s.al92.'< A-O
P itts Mc.K & Y 1 st gu 6 s .1932 J - J
2 d g u a r 6 a ........................ 1934 J - J
M c K e e s * B V l s t g 6s 1918 J -J
M ich C e n t 1st c o n s o l 6 s .1909 M-S
5 s ........................................ 1931 M-S
R e g is te r e d ...................1931 Q-M
4 s ........................................ 1940 J -J
R e g is te r e d ...................1940 J-J
J L & S 1st g 3*28............1951 M-S
1st g 3*2S ........... ................1952 M-N
B at C & S tu r 1st g u g 3 s . 1989 J -D
N Y C ilic Ji St L 1st g 4 s 1937 A-O
R e g is te r e d ...................... 1937 A-O
W e s t S h ore 1st 4 s g u . . . 2361 J -J
R e g is te r e d ...................... 2361 J -J
X Y <fc G reen w L a k e bee E rie
N Y & H a r See N Y C & H ud
N Y L ack & W See D L & W
-V Y L E & W See E rie
N Y ifc Lom.' Br See C e n t^ f N J
N e w Y ork N e w H a v * H a rt—
H o u s a to u ic R con g 5 a ..1 9 3 7 M-N
N H & D e rb y con c y 5s. 1918 M-N
N Y & N o rth See N Y C cfc H I
N Y O & W r e f l s t g 4s..<7l992 M-S
R e g is $ 5 ,000 o n ly ..........# 1992 M-S
N Y & P u t See N Y C <fc H
N Yr & R B See L o n g Island
X Y S J t VV See E rie
N Y T e x & M See So P a c Co
N or <$; S ou th 1st g 5 s ..........1941 M-N
N o rf & W e st ge n g 6 s ........1931 M-N
Im p r o v e m ’t & e x t g 6 s .. 1934 F-A
N ew R iv e r 1st g 6 s ........1932 A -0
N & W R y 1st con g 4 s . 1996 A-O
R e g is t e r e d ...................... 1996 A-O
D iv ’l l s t l & gen g 4 s .,.1 9 4 4 J -J
P o ca h C & C j o i n t 4 s . . 1941 J-D
C C A T 1st g u g 5 s ..........1922 J -J
S cio V & N E 1st g u g 4s 19S9 M-N
N o rth Illin o is See Chi <fe N W
N o rth O hio See L E rie & W I
N o r P ac— P r io r lien g 4 s . .1 9 9 7 Q J
R e g is te r e d ...................... 1997 Q- J
G eneral lien g o ld 3 s ___ a.2047 Q -F
R e g is t e r e d ...................a.2047iy-F
S t P a u l-D u l D iv g 4 s ___ 1996 J -D
D u l S h o rt L 1st g u 5 s . .19 1 6 M -S
C B * Q c o ll tr 4s See G t N or
S t P & N P gen g 6 s ___ 1923 F-A
R e g is te r e d c e r tific ’ s-_1923 Q-F
S t P aul & D ul 1st 5 s ___ 1931 F -A i
2d 5 s ................................. 1917 A-O
1st c o n s o l g o ld 4a......... 1968 J -L
W a sh C en t 1st g 4 s ..........1948 Q-M
N o r P a c T e r C o 1st g 6 s ..1 9 3 3 J - J
N o r R y Cal See S o P ac
N o r W is See C S t P M & O
N o r cfc M o n t See N Y C en t
Ind cfc W See C C C <fc S t L
liio R i v R R See Balt ifc O
O re cfc Cal See So P a c Co
O re R R <fc N a v See Un P ac
O re S h ort L in e See Un Pao
O sw e g o <fc R o m e See N Y C
O C F & S t P See C cfc N W
a c C oast C o 1st g 5 s ___ 1946 J-D
a c o f M is s o u r i See M o P a c
Panam a 1st s fu n d g 4 * 3 S ..1917 A-O
P en n R R 1st real e s t g 4 s .l9 2 3 M-N
C on sol g o ld 5 s ...................1919 M-S
C on sol gold 4 s ...................194;- M-N
C o n v e r tib le g 3*28........... 191ii M-N
C o n v e r tib le g 3*28........... 1915 J-D
A ile g V al gen gu g 4 s . ..1 9 4 2 M-S
D R R R <fc B g e 1st gu 4 s g . ’36 F-A
P h iia B a lc fc W l s t g 4 s . .1 9 4 3 M-N
Sod B a y <fc S o 1st g 5 s . . .1 9 2 4 J - J
Sun & L e w is 1st g 4 s . ..1 9 3 6 J -J
U N J R R cfc Can ge n 4 s .1944 M-S
P en n Co—G u ar l s t g 4*38.1921 J -J
R e g is te r e d ...................... 1921 J -J
G u ar 3*28 c o ll tr u s t r e g .1 9 3 7 M-S
G u ar 3 *28 coU tr ser B ...1 9 4 1 F-A
T r C o c e r t i l ’ s g u g 3*28.1916 M-N
G u 3*28 tr c t fs C ...............1942 J -D
G - 3 *2S tr c t f s D ...............1944 J -D
G u ar 1 5 -2 5 y a r g 4 s ___ 1931 A -0
Cl cfc M ar 1st g u g 4 *38..1 9 3 5 M-N
Cl & P gen g u g 4 *2s s e r A . ’42 J -J
S e rie s B ............................1942 A-O
S crie s C 3 *38...................1948 M-N
S e rie s D 3 *38...................1950 F-A
Weelc’ s
R an ge or
Last Sale
Low
9734 ■
107*2.
* 96
.
B a n gs
S ince
J an u ary 1
Jl igh
Low
97 *2 M a r’07
105 O ct '02
101 *2 J ’ l y ’06
110*2 M ay’ 07
101*4 i> ec’<U6
97*3 97*3
110*2111
137 N nv’dl
1<’ Gna I d s '5.
103 A u g ’ 07
106*2 ,
9P
103
94
90
89
90
90 Sale
110
108
100*2
120
118*3
110
H igh.
106=8 114
103 103
106 % O ct ’ or
94 M ay’07
94 M ay’ 07
122 J a n ’06
103 A u g ’ 06
94*4
i’4 J.
91
91
8!>
89*4
» a 34
90
90.)a
91
89
88
96
94
99*3
93*4
125 *2 M a r’06
107 *2 N o v ’06
139 J a n ’ 03
104 D ec *06
118 *4 J ’ly ’06
119 J ’ ne’ 06
10034 Jan ’07
106*3 N o v ’OO
94*2 Dec ’ 06
9 2 *2 M ay’ 07
100*4 1 0 0 s4
97 *8 100
97*8
99^
..................... 102*4 M ar’ o7
1 0 0 76 101 *4 100*3 i 0 0 :><
100 10038 9 9 ;,4
99 3«
97 *8 103 *3
102*4 102*4
99 *3 105
98** 103*4
109
*96*
113
Sale
9334 96
100
123
1 227
129
*93*
94
91
86
86
99*4 Sale
09 Sale
65 7s 67
9 2 7» 93*s
113
113
9 3 34 S ep ’ 07
101 *3 J 'n e ’0 y
104 S e p ’ 06
126 *2 J ’ ue'07
129 J ’ n e’ 07
127*4 O ct ’ 06
93*4
95
91 S e p ’ 07
85 S e p ’ 07
85
85
109*3 F e b ’ 05
92
92
S3
92
126
101*4
130
129
9 9 a4
91
96* d
91*3
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99 *3
9S34
9 9 7p
96 S e p ’ 07
68
69
7 0 M ay’ o7
9 5 34 Jan ’ 07
96 102*4
96 102
65 *3 74 *4
70
71
95®4 9 5 34
116*3 12234
102
110
114
116 *v Sep ’ 07
132 J ’ l y ’ 99
117*4 J ’ ly Mi7
106*2 M ay’07
9 8 *2 O ct ’ (>6
93 M ay’ Oti
113n8 M a j’ 07
102
103
103
104 .
99*a .
92*3 94*3
117*4 117*4
106*2 108**4
1 1 3 58 11334
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103
109
103 78 ........
102:,4 J ’l y ’ 07
10234 103
103 V J ’ly ’ 07
lo t
1 0 3 7s
111 *3 Sep ’04
100 ......... 106 A u g ’03
94
85 90*4 100*4
94
94*2 93 7e
8 9 7h Salt
88
8 9 7fj2 1 i
87*3 95
99
99
95 *3.......... 99 J ’n e ’ 07
9 7 * a .........
107 >2 O ct ’OL
10’^ Jan ’03
110*3 Sep ’ 04
104 .......... 104 *2 Sep ’ 0 7
..........104
8 3 * 4 ......... 90*3 J ’ n o ’ 06
863s 87*2 84 M » y ’ o7
94 J ’l y ’ 07
89 O ct ’ 06
* 85 34 *87*
90 Vs M ar’ 06
82 *4........
97 *2 Jail ’ 07
.......... 96
110 J a n ’ 05
108*4 A u g ’O
l!)378J’Jy’07
101
107
101 105*4
83
84
93*4 96
97*3 97*3
98*3 D e c ’05
96 Jail 04
B O N U S —C o n tin u e d 011 N e x t P a g e
T e le g r a i> li a n d T e i e p h o u e
86
85
85 100*8 A m T e le p & T e l c o ll tr 4s 1929 J-J
Com m C able C o 1st g 4 s . .2397 Q-J
87 A p r ’ 07
87
87
M e t T <fc T 1st s f g 5 s ........1918 M-N
107 *3 O ct ’04
M ic h . State T elep . 1st 5 s . 1924 F-A
102»8 A p r ’ 06
N Y cfc N J T e l ge n g 5 s . .1 9 2 0 M-N
95 A p r ’ 02
49*3
51*,
43*2 76*4 W est U nion co l tr c u r 5 s . 1938 J-J
Fd and real e s t g 4*2-8...I960 M-N
1 0 7 D e c ’ (!4
iMut Uu T e l s fund 6 s . ..191 1 M-N
107 M ay’ 97
N o rtliw T e l gu 1 4 *28 g . . 193-1 J -J
105*2 D e c ’ 06
105 O ct ’ 00
M a n u fa c t u r in g S: I n d u s tr ia l
78 F e b ’07
78
78*2
87
89
A m C ot Oil e x t 4*38........... 1915 Q -F
86 95
l o o J ’n e ’07
100 106*3 Am H ideifc L 1st s t g t i s . . 1919 M-S
1 0 1 S, 102
101 106*2 A m e r I c e S e cu r d eb g 6s . . 1925 A-O
A m S p irits Altg 1st g 6 8 ..1 9 1 5 M-S
192 D e c ’ 03
Am T h rea d 1st col tr 4 8 ... 1919 J-J
100 F e b ’ 07
85
98
A m T o b a c c o 40-yr g 6s . . . . 1944 A -O
85
86*2
4 s............................................1951 F A
93*2 F e b ’0 < — I 93 *s 9,1*2
iito" io6"
•N ojm ce Friday; latest bid andaskeil. uD ueJan b Due t-'i-b c Due ..lar d Dae Apr A. Due j 'l y ;U u e .^ug
P r ic e
P riiia y
Oct 4
So,
P
M 1 8 0 E 1 J IN E O IW
C oal and Iron
O ol F <£; I C o gen s f g 5 s . .1 9 4 3
C o n v e r tib le d eb g 5 s ___ 1911
C ol F u e l C o g e n g old 6 s . 1919
G r R iv Coal & C 1st g 6 s l9 1 9
C learf B it Coal 1st s f 4 s . . . 1940
C ol I n d u lstcfc c o ll 6s g u .,1 9 3 4
C o n tin ’ t a l C l s t s f g u 5 s g . l 9 5 2
J e tt& C learC cfc I l s t g 5 s . 1926
K a n cfc H C cfc C 1 s t s f g 5s. 1961
Pleaa Val Coal 1st g s F5s. 1928
S u n d a y C reen C o g 5 s ___ 1944
T e n n Coal gen 5 s ...............1951
T en n D iv l s t g 6s ........a l9 1 7
B irin D iv 1st co n s o l 6 s ..1917
Call C M C o 1st gu g 68.1922
D e B arC cfc 1 C o g u g 6 s .1910
V a l ron ('o a I cfc Co 1st g 5s. 1949
V ic t o r F u e l 1st s f 5 s ......... 1953
Hic/ti
114*f>117
103 1173,
95 101
90»8 J ’ l y ’01
105 M ay’ 00
u 1*0*2*^106'
N
R ange
S ince
J a n u a ry
78 *8 J ’ly ’ 07
90*2 J ’ u e ’OO
104 F e b ’ 07
97 F e b ’07
105 <s J ’ly ’ 03,
()Q L 97
98
91
92 ,
” 9*1* *-2 Sale
104 A p r ’07.
103 J ’i y ’ 04
83 76 87
85 .........
f»2
y 6 “3 97
86*3 8 6 V
9 8 :*4 Siile
64 >aitr
o liu e u o t
87
85
7 s* J ’ ly *07
96 Sep ’o7
8 d 7b S ep ’07
98
10134
63*4
<>4*2
37
78*«
104
98
90
104
98
” 9 7 ” i'03**
91
10034
104 104
85
93
85
91*4
89
79
96
103*3
86 \ 93
1 I0 a4
63
79 *3
i> Due .\oy q Due u ec sO ptionSale
New York Bond Record—Concluded—Page 4
848
BONDS
if. Y . STOC K K X C H A N G E
W b k k e jt d ix g O c t 4
Juries
F r id a y
Oct 4
8
B id
88
Low
H igh
92 A p r ’ 07
98 34 A p r ’04
108 Sep ’ 00
127*8 O ct ’ 0 :
119 J ’ n e ’ OO
119 A p r ’ 04
107 ...
110 M ay’ 06
•......... 10S ‘4 107*, J ’l y ’07
' ......... 108 “sa 107*4 J ’ly ’ 07
112*2 J ’ ne’05
......... 10()»4 lo o -1, M ar’ 07
91 F e b ’ 07
8 1 ‘s 87
■110
110
104 *a........
Sep ’ 07
123 *« Jan ’ 05
10034 D e c ’ O j
109 A p r ’02
112 A u g ’ 07
liJO3^ A p r ’07
106 Hi Sep ’ 00
22
Range
Io o
Since
A ~c J a n u a ry 1
Lota High.
92
92
107 *s 109 s
10634 109*,
iooj
91
91
110
116*2
no 34 1 1
10 !34 100 ’4
115*2 Mat 00
120
98
94
Sale
89
79S
90
M ar’ 06
J ’ly ’9
93Hi
91
9 5 34 M ay’(I
91*4 Sep ’u7
91
98’ 4
9 6 34 i»034
90
96 H
82
90
J ’ n e'9'
92 *i
11734
lOd
77
‘ 96
Sale
........
72*4
11734 Sep ’ 07
106 Sep ’ 0
91 F e b ’ 07
1(12 *4 A u g ’05
7 o 34
77
98 N o v ’ 06
11734 123*2
105*2 110 H,
91
93
75
82*2
i 16 A u g ’07
7 4 7»
7 4 7(
116
73
119
82*4
9 6 ^ Sep ’ 07
96*2
97 *v
89 *4 Sep ’07
......... 89
......... 73 Hi 7 9 76 J ’ly ’ 0 1
7 0 *2 Sale
70*4
70S.
101 is A p r ’ 07
8:t
95
77
83
70
79
101 's l O lH
1 0 0 * 4 ........ 103^8 J ’n e ’ O';
123 Hi 126 Hi 130 J ’ lie’ O'i
134 D e c ’ 00
106 ...
l05Hi J ’i y ’ 07
110% A p r ’ 01
104 A u g ’ 07
104S
90H»
96 H«
100*4 O ct ’ 00
100 Hi Sep ’ 07
9 8 j4 100
103
130
112 .
124*2.
108 .
108*2 .
124 M ay’ 07
125 A u g ’ 07
1 3 6 '4 M ay’ OO
116 *2 M ay’ 07
115H< D e c ’ 06
83
102
1 lo
. 09
90*-j
85
io f
83
S e p ’07
vjci ’uo
68 H»
68 H
9 4 :js Sep ’ 07
88 J a n ’ 07
y 6 *2 M a r’06
107*4 A u g ’ uO
109 Hi M ar’ 06
100 M ar’ 07
110 J a n ’ 06
106 i l a r ’07
8 4 34 86
8 ii
84 Hi
84 J ’ n e ’07
93
9 J 34
93 \ J ’n e ’ 07
'*81*" ’ H i " 82^4 A u g ’ 07
9 0 34 J’ n e ’ 07
- - -- - i'0 5 34 103Hi A p r ’ 07
105 J ’ n e ’ o7
i'0'3 ” i*0*8 " 106*4 J ’ly ’ 06
107*4 F e u ’ 05
104 A u g ’ 06
110
l lO
109 ^ 1 1 1
10S ........ l l l ^ s J a n ’ 07
87
87
*8 6 Hi........
116 D e c ’06
109*2 F e b ’ 06
9 3 34 Sale
105^
131
io 6 * 2 108 *•!
i’0’4 " io7’*4
90*2 100*2
1 0 o ;>b 101
130
131-1
i'1'2 ” ii5**2
80
102
87
108s4
65
8 2 “,
94 *8 100*2
88
89
106
1 o 7 34
ibtt'* i’o'ti"
8i*a 90*2
84
88
92 1 0 0 3*,
93^8 99
82*4 86
90 >4 98*g
103 105*2
105 10634
109 l4 111*2
111
87
112
9 4 7.
iH IS C K L L A .N E O U S
lU n im lu c tiir iiig A I n d u s tr ia l
B eth S teel 1st e x t s f 5 a .. 1926
O eut L ea th er 20-year g 5a. 1925
C ou sol i o b a c e o 5 0 - y r g 4s. 1951
D istil S ec Cor co n v 1st g 5 s .’ 27
l n l P a p er 0 0 1st con g 6 s .1918
C on sol c o n v s f sr 5 s ........1935
I n t St P u m p l o - y r co n v . 6s ’ 13
K n ic k e r Ic e (C h ic) l s t g 5 s .’ 28
L a ck a w S teel 1st/ g 6s ___ 1923
N a t S tarch M fg Co i s t g os 1920
N a t S tarch C o s f deb 5 8 .. 1926
R e p u b l & S 1st A c o l t r 5s . l 934
U a L eatn Co a I deb g o s . . 1913
U S ite u lt y A I c o n v a e b g .5 s ’ 24
U S s t e e l Con*— f cou p .<Z196.”
S f 10-60 y r 5s. ( r e g ..d l9 t> :'
V a-C ar Chetn c o l ir 5s
ls 'l v
W e^ tn ith ou se E <6 ,.l » j 5« ’ 31
BONUS
N. Y. S T O C K K X C H A N G E |
W khk E n ding O ct 4
1-5^1
P r ic e
tYi/iav
Oct 4
lxxxv.
W eek’ s
R ange or
Last b a le
R an ge
Since
J a n u a ry 1
Bid
Low
H ig h
Low H igh,
Sou th ern P ac Co— (C 'on tm u ea j
127 Sep ’06
M o rg a n 's L a < t T I s t 7 s . l 9 l 8 A-O 111
110
] 16 N o v ’ OO
1st g o ld o s ...................... 1920 J - J
112 F e b ’ <*
112 112
N o o f Cat gu ar g 5 s ......... 1938 A-O
lo o ^ J ’iy ’O
99
98 101
Ore & Cai 1st gu ar g 6s . 1927 J -J
103 Hi 104 A p r ’ O
103 *2 104
So P o f A r g u 1st g O s ...e l9 0 9 J - J
104*4 F e b ’ O
104*4 10439
1st gu a r g 6s ...............c l9 1 0 J - J
So P a cific o f Cat—
107 A p r ’’07 .
107 107
I s t g O s s e r ie s
& F ...1 9 1 2 A -0
1 14Hj D e c '’04 . . .
1st g o ld 6s ...................... 1912 A-O
110 M av ’07 . . .
116 116
1st con gu a r g 5 s ......... 1937 M-N
10-1 Mat- ’07 . . . . 103=8 t04
S P ac o f N M e x 1st g O s.. 1911 J - J
So P a c C oast 1st su 4 s g . 1937 J - J
107 Hi F e b ’O
108
T e x & N O S a b D iv ls t g 6s. 1912 M-S
1 0 /Hi 1 0 7 'a
104 S e p ’ 06
C on gold 5 s .....................1943 J -J
69
90 Hrl
90 Hj Salt
S7-*4 » 6 ,
o P a c R R 1 st r e f 4 s ......... 1955 J-J
102
100 11334
S o u th e rn —1st con g 5 s ___ 1994 J - J 102 's Sale 102
114 N o v ’OO
R e g is te r e d ...................... 1991 j J - J
7!I Sep ’o7
79
94
Mobcfe O hio c o ll tr g 4 s ..1 9 3 j' M-S ” 78
M em D iv 1st g 4 H a -5 s ...l9 9 o ! J -J 100
113 Hi M ay'i/7
113*2 116
84 Sep ’ 07
80
80
94*4
St L o u is d iv 1st g 4 s ___ 1951 j J - J
113 J an ’ 00
A la Cell tt 1st g 6s ......... 1918 J .J
. ! . ^ ” 89 ’ 90 J ’ ue’OO
A tl * D anv 1st g 4 s ........194
92 J ’ ue’ Oo
2d 4 s ................................. 1946
A tl»fc Yad 1st g guat 4.->. 1949
Feb
I’ ........ 1 0834 111
Col iic O ie e u v 1st 6s ........1916
111 111
l l o s# J’ly
110’ s 113 V
Ii 1 Va *1
D iv g 6 s ..1 9 3 0
1i
112 U 7 3*
i ’1'2 " iV 3 ” 112
(;o u 1st gold 5 s ............. 1956
110 o i ’ ne
I-. iv n n -or lien a 5 s ........193>
110*2 1J 4
ti5 Sep
Ga M id lan d D t 3a........... 1946 A O : : : : : : 68
69*4
1 14 A u g
112
113*4 I 19*4
u .i t'iic ivy 1st g Os..........1922 J-J
117 >, M ay
1I 6 118j4
K n o x 1fe O hio 1st g 6 s . ..1 9 2 5 J -J
U 6 A, Aptviuu& B n 'p r io r nen g 6s 1946 J -J
96 o c t :
M o rtg a g e gold 4 s ......... 1946 J -J
”89”
1 0 9 ’4 A u g
110
R ich <fc D an con g 6b___ 1915 J-J
*4 113
102 Hi A u g
102*4 *03
D eb 5s stam ped ............. 1927 A -0 ” 9 9 ”
y « F eb
Ricii
MeoK 1st g 4 s ...1 9 4 6
lo 5 A u g
So Cai dj i.«a 1st g 5 s ___ 191',' M-N
ib o
104 loO*a
112 O ct
V irxm ia M id s e r C O s __ 1 9 li M
108*2 Dec :
Series D 4 -6 s..........,...1 9 2 1 iM -S
113 D e c ’
S eries K 5 s ...................... 1920IM-S
107 *t, M ay’
106*2 111
tie n e ra l 6s ...................... 1930 M-N ......... 111
107 M ay’
107 110
biuar stam ped ........... 1930 M-N
94 *4 90 *8
W O <te W 1st c y g u 4 a ..1924 F-A ......... 90*2 96 *b Jmi ’
10-j *1 Ssep ’
110
106 -2 109 Hj
W e 8t N C 1st c o n g O s..1914 J -J
S <fc N A ta bee L <fc N
117 J ’ l y ’Ot
Spolc F a lls <fc N o r 1 st g O s.1939 J -J
ill
J ’ ly *07
108 111
I 'e r A o f St L 1st g 4 H28..1939 A-O
111*4 117
1 1st co n g o ld 5s. .,.1 8 9 4 -1 9 4 4 F-A
......... 1 U Hi J ’n e ’07
90 A n g ’ 07
9‘.*
G en refu n d s t g 4 S......... 1933 J-J
94
111 D e c ’Ot.
S t L M B g e T e r g u g 5 s .1930 A-O 102 *a
T e x & N O See So P a c Co
16 I l l
T e x & P a c 1st g o ld o s ........2000 J-D 112 Sale 111*4 112
118*4
92 N o v ’ OO
90
2d g o ld in c 5 s ...................9‘20OO| Mar
1 to M ar’Oo
L a D iv B L 1st g 5 s ........1 9 3 l! J - J
106 '2 N o v ’04
W M in W <to N W 1st gu 5s ’ 30 F- A
1o7;,4 A u g ’ u .
T o l & O C 1st g 5 s ............... 1936 J - J 108
i o 7 34 i n " *
I ll
M ay’04
W estflrn D iv 1st g 6 s . . .1935! A-O
102 M ay’Oi
100*2 102 *.j
G e n e ra l g o ld 5 s.................1936J J -D
91*2 M ay’ i/7
9 0 34 97
89
K an & M 1st g u g 4 s ___ 1 9 9 0 j A -0
83 A u g ’ 07
80
62
69
T o l P<fe W 1st g o ld 4 8 ....1 9 1 7 J -J
87
83
82
83
T o l St L <fc W pr lien g 3 Has. 1925 J -J
87 H»
83*2 82
73
73
82
50-year g o ld 4 s .................1950 A-O
72 H, 73
93
D
e
c
’Ot
T o r H a m * Butt l s t g 4s./(.194t> J -D
110 M a r’o?
i i o ’ iV o ’
lste r i& D el 1st c o n g 5s 1928 J-D 100 104
93 » e p ’ 06
1st re fu n d g 4 s ........... 1952 A-O
9 8 7a
d.i 151 96-4 102 H»
99 S Sale
U n P a c K E & 1 g r g 4s ...1 9 4 7 1 J -J
9 6 34 Sep ’ o':
9 6 3., 101 Hi
R e g is te r e d ...................... 1947 j J - J
&6 7s
S73*
20-yi c o n v 4s (s u b s c rip ).. ’ 27; J -J
SI ^ sat*
84 *2 93
94
94
u r e ity
N a v c o n g 4 s . 19401 J -D ♦94
116
93->4 99 Hi
115 s S e p ’ u7
O re S h ort L in e I 8 t g 6 s . .l 9 2 2 j F-A 115*2
114*2 126
107
*2
Sep
’07
1st c o n s o l g 5 s ............... 194o| J - J 107=4
107*4 114
8^3, 9 4 34
o 7 1s
G uar re fu n d 4 s ............. 1929 J -D
8 6 1 86
R e g is t e r e d .................. 1929 J -D
. . . . . . » / :i4 M a i’ 01
67*>4 5734
a03 -2 K e b ’O ,
101
103 103 *2
U tah ifc N o r 1st 7 s ..........1 9 o « J -J
105*2 J ’ l y ’ 07
104
G o ld 6a..............................1921 J -J
106 Hi 105 Hi
U ni N J R R <fc C C o bee P a R R
Utah C en tral bee R io G r W es
U t a h * N o rth b ee U11 P a cific
U tica & B lack It See N Y Ceni
10278 K cb ’ 06
/ andalia c o n s o l g 4 s ___ 1955 F-A
98 Sep ’ 00
era Cruz < fcP lst.g u 4 *28l 934 J - J
V e r V ai I n d <fc W bee M o P
V ir g in ia At id bee Sou th R y
104
V a tto S o u th w ’ t 1st g u 5 s .2 0 0 3 J-J
102 *-i
104
104 l ll H i
aba sh 1st g old 6s ........1939 M-N 107=8 saib 107
107*8
106 114
2d g old 6 s ...................1939 F-A
96
95
95 105Hj
95
96
D eb en tu re series A ........1939 J -J
90 J ’ n e’ o?
S e rie s B ............................1939
53
* - — . . ’ 63*
63
63
70*2
62 J ’ n e O .
C ertificates o f d ep osit___
57 H. 7:*
;O l
102
1st lie n e q u ip s fd g o s . .1921 M-a
i o i ” 102 M a t’ o 1
1st lien 50 y r g term 4 s . 1954 J J
93 .Uai 'Oo
1 st r e f and e x t £ 4s ___ 1966 J - J
57
60
6 2 ^ ’ ii7 ^
56
Sep ’0?
104 109
Det<fc Cn E x t l s t g 5 s .. 1941 J -J it/4 Hi
lo 4
D es J lo in D iv l s t g 4 s .. 1939 J-J
97 N o V*04
t e b ’07
80
60
Om D iv 1st g 3*28............1941 A -O
” 8 2 ” 80
96^j J ’ n e ’o .
T o l & Oh D iv l s t g 4 s . .. 1941 M-S
9.J-S 9 6 - j
lOII
l o o M ay’07
102
St Chas B rid g e 1st g Os. 1908 A -O
98
67
08 H
65
W a b P itts T e r m 1st g 4 s . 1954 J-D •67
60
20
21
19
2d g o ld 4 s ........................... 1954 J-D
32 ‘3
21 bale
W a rre n bee D el L a c <te W est
W ash (Jent See N o r Pao
W aah O & W bee S ou th ern
87*a J ! y ’ o7
W a sh Tc-rml 1st g u 3 *28. . 1945 F-A •84*2
87
87*i
W e s t M arylan d 1st g 4 s . ..1 9 6 2 A-O
6334
71*4
68 34 6 i Hi
68
” 69”
55
65
G en & c o n v g 4 s ............. 1952 A-O
60
51
55
0 -«
106 ls A n g ’O
VV V a C en t tfc P 1st g Os 1911 J -J
100
W e s t N Y <fc P a 1st g 5 s .. 1937 j . j
i ’l o ” 112H, 112 S e p ’ 07
11 115 *a
8 9 34 J ’ ne’ o7
G e n g o ld 3 -4s.................... 1943 A -0
88
69 >, i>3 Hi
34 F e b ’07
I n c o m e o s ........................ d l9 4 3 Nov
34
34
W e s t N o Car bee Sou th R y
105 A n g ’ 07 .. . . l0 5 108
W ireel’ g & L E 1st g 5 a ...1 9 2 6 A-O 104
110 D oc ’of,
W h eel D iv 1st g o ld 5 s .. 192b J -J
E x te n & Im p g o ld 5 s . ..1 9 3 0 F-A
111 *2 A u g ’06
R R 1st c o u s o l 4 s .............. 1949 M-S
76
16
76
7(i
o l Hi
20-year e q u ip s f 5s ...1 9 2 2 j - j ;
102*4 D e c ’ 05
W ilk e s & E ast See E rie
W il <fc S io u x F See S t P M & M
W ia C en t 50-yr 1st g en 4h 1940
82HjI 82H>
82Hi
2 1 82
89
c c;
-JIC .
P e n n C o—(C o n tin u e d )
E r ie <fe P it t s g u g 3 Has B .1 9 4 0 J - J
S eries C . . . . .....................1940 J - J
O r B<ft I e x 1st g u g 4 H js 1941 J - J
P itts F t W & C 1st 7a. ..1 9 1 2 J - J
2 d 7 a ...................................1912 J -J
3d 7 s ............................... A1912 A -0
P itts Y& A sh 1st con 68.1927 \1-N
P C C & S tL g u 4 H iS A . . .1 9 4 0 A -O
S eries B g u a r .................1942 A -0
S eries G g u a r .................1942 M- n
S eries D J a g u a r ........... 1945 M-N
S eries E 3 Hi gu a r g ___ 1949 F-A
S eries F 4s g u a r ..........1953 J -D
C S t L <fc P 1st c o n g 5 s .l9 3 V A-O
P en sa cola & A t l bee L & N asli
P e o cfc E ast s e e C C C <fc S t L
P eo & P e k Un 1st g 6 e ___ 1921 Q-F
2u gold 4H2S...................... D1921
P e te M arq—Chds W M 5s 1921 J-D
l i i m d s P M gO s ............... 1920 A-O
1st co n s o l s k id d s _____ 193; M-N
P t H uron D iv 1st g 5».193'.- A -0
S a g 'l'u s dfc H 1st gu g 4 s .l9 3 1 F-A
P h il H <fe W a re P en n R it
P litla <te R e a d in g con s 7 s . 1911 J.D
Pitta (Jin ifc S t L S ee P en n Co
P itts C lev e & T o l bee ii i t O
P itts Kt W <fc Oh bee Penn Co
P itts M c K e e s & Y b e e n Y Ceu
P itts Sh cfc L K 1st g 5 s . .. 1940 A-O
1st co n s o i g old 5 s ............. 1943 j . j
P itts <fc W e s t bee B & o
I > e ad in g C o gen g 4 s ........1997 J-J
J-V R e g is te re d ...................... 1997 j - j
J e r s e y C en t ooil g 4 s . . .1951 A 0
R en ssela er & bar bee D & 11
R ich <fc Dun bee Sou th B y
R ich & M eek bee Sou th ern
R io G r W e s t bee D e n & K io G i
R ocli <fc P itts See B R & P
R om e W a t <ft O g bee N Y Cent
R u tla n d bee N Y C en t
a s i ’us da 11 bee P e r e Marq
t J o & G r l s l 1st g 4 s . ..1 9 4 7 J .J
St 1* As C airo bee M o o d; d u o
St L ite Iro n M ou n t bee M P
S t L K C <te N bee W abash
S t L M B r bee T P.R A o f S t JL
St L o u is <fe S a n F raL cisco—
G en era l gold Os.................1931 j . j
G en eral gold 5 s .................1931 j . j
St 1„ dfc S F H it con s g 4 s . . ’90 J . J
South w D iv 1st, g 6 s . .1947 A-O
R etu n d in g g 4 » .............1U.> 1 J - j
5-year g old n otes 4 *2 .. 190b J -D
S t L M & S o L a s t g u 4 ‘v:gl909 J-D
K C F t S <& i i c o n g 0 8 .. 192b M-N
K C F t S & M B y r e f g 4s 1930 a -O
K C Ji M R & B 1st g u 5s. 1929 a-O
O z’ r k <f e C l i C l s t g u 5 s g . l 9 1 3 A -O
St L o u is So bee Illin o is C en t
S t L S W 1st g 4s btl c tfs .1 9 8 9 il-N
2d g 4s in c bond ctfs ...j> 1 9 8 9 J .J
C on sol g old 4 s ...................1932 j - D
G ra y ’ s P t T e r l s t g n g d s 1947 J-D
S t P a u l * i>ul bee N o r P a cific
S t P a u l M <& M an 2d O s...1 9 0 9 a -O
1st co n so l g old Os............. 1933 J .J
.R egistered...................... 1933 J -J
R ed u ced to gold 4 ‘2 8 .-1933 J . J
R e g is te r e d ...................1933 j . j
D akota e x t i^oid Os......... 191 o M-N
M ont ext. 1st g old 4 s ___ 1937 J-D
R e g is te r e d ............... ,...1 9 3 7 J-D
E M m n 1st d iv 1st g 5 s . .1 9 0 6 A -0
.Nor D iv 1 st gold I s ___ 1 94s A -0
M in n U nion l s t g 6 s ___ 1922 J -J
M o n t C l s t g u g o s ..........1937 J -J
R e g is te r e d ...................... 1937 j - j
1st gu a r g o ld 6 s ............1937 J -J
W i l l * S F 1st gold 5 s ..1936 J-D
St P >fc N o r P a c bee N o r Pac
St P <fc > ’ x C ity See C St P M «fcO
9 A <& A P a ss 1st g u g 4 s __ 1943 J -J
S i)t> P ie s <te Pli l s t g 5 s ___1 94i .vl-S
8 F de N P 1st s in k l g 6 s . 1919 J .J
S av F * W est bee A t l C oast L
S cioto Vat A N E b e e H oi & U
Seaboard A ir L in e g 4s ...1 9 5 0 A-O
C oil tr refu nd g 6 s ......... 1911 M-N
A tl-B irm 3 o - y r ls t g 4 s .e l9 3 3 M-S
Oar C en t 1st con g 4 s . ..1 9 4 9 J-J
F la (Jen as P en 1st g 6s. 1916 J - J
1st land gr e x t g 6a ...1 9 3 0 J - J
C on sol gold 6 s ...............1943 J-J
G a ic A ia R y 1st c o n 5 s o 1946 J -J
G a Car ito N o 1st g u g 6 s 1929 J - J
-seab <te R oa 1st 5 s............1920 J - J
S lier Slir & So bee M K <fc X
S ll S p O ca <fc G b ee A ti C oast L
So Car & G a bee S ou th ern
8 o u t n e in P a cific Co—
G old 4 s (C en t P a c c o l l ) .i l 9 4 9 J -D
R e g is t e r e d ...................t l 9 4 9 J -D
C en t Pac 1st ret g u g 4s 1949 F-A
R e g is te r e d ...................... 1949 F-A
M ort g u ar gold 3 ^ 8 ..£ 1 9 2 9 J -D
T ln o u g h S t L 1st g u 4s ’54 A -0
G al i i a r & S A l s t g O s . . 1 9 1 o F-A
M ex & P a c l s t g 5a___ 1931 Wl-N
G ila V (j<fe JM I s t g u g 5 s . l 9 2 4 M-N
H oua L <fc W T 1st g 5 s . 1933 M-N
1st gu a r 5s r e d ........... 1933 M-N
II & T C l s t g 5 s i n t g u . . l 9 3 7 J -J
C on sol g tia in t g u a r ... 1912 A-O
G en s>old4s in t g u a r ..1921 A-D
Waco<fc N W d iv 1 s t g Os ’ 30 V-N
A <te N W 1st g u g 5 s ___ 1941 J -J
W eek?!
H ange nr
L a st b a le
[Vol
U
\
W
B O M 0 8 - C o n c lu d e d .
.U is c e lln n c o u s
J-J
95
A d a m s E x c o l tr g 4 s ..........1948
96 A u g ’06
8 6 a4
A-O
A in S S C o o f W Va g 5 s ___ 1920
8 6 34
89 34 24 ; 8634 99
F -A
63
B ’ k l’n F e rry C o 1st c o n s g 5s ’48
65
63Hi
0 3 34 111 6 3 Hi 79
A -O
73
72
77
C h ic J c d s S t Y'ard co l g 58.1915
n
67 70
90
F-A 106
3 10178 108Hi D e tM & i l l d g r in c o m e s .. 1911
105*2 1 o 534
J-J
In t M erca n M a rin e 4*28..1 9 2 2
87
87 Sep ’07
87
92
J-J
97 100
m t N a v ig a tio n 1st s f 5 s . 1922
97 A u g ’07
97 106
A-O
M an B ell 11 & L g e n g 4 s . . 1940
97 *2 O ct ’ 05
A -0
N e w p N e Ship & D D 5s d l9 9 0
95
92*4 95
1 94 102
M-N
X Y D o ck 5 0 -y r 1st g 4 s .. 1951
83Ha A u g ’ 07
82
84
J -J
P r o v id e n c e S ec d eb 4 s . . .. 1967
70 A p r ’ 07
70
70
A - 0 ’ 89*2
92 Sep ’ 07
92
97
P r o v id e n t .Loan S oc4 H js.1 9 2 1
M-N *103%
103*4 Sep ’07
10234 106*4 St J o se p h Stk Y d s Is t 4 H js .l9 3 0
J -J
77 Sale
77
78
St L T e r C u p p les S tat’ n
P rop
96
” 0’:-' 77
M-N
94
95
Co 1st g 4 -28 6-20 y e a r ..1917
9 l a4 Sale
70« 90*2 9 9 3j
M-N
94^2 8ale
93 7g
95
99*. S Y u ba W at Co c o n g 6s .. 192;-,
< 90
A -0 ......... 96
97 ‘2 A u g ’07
97
Sp V ai War. W o r k s 1st 6s. 19oc
99
J J
88 Sale
87 4
88
87 *« 97 Hi U S Red & R e f 1st s t g 6s. 1931
u
M-S
90*4
M-N
F-A
25
J -J
A-O
A-O •
F-A
M-N
J -J
K-A
M-N
86
M -S
J-J
J-D
J -J
.l-ft
.........
Sale
103
85
88*1
Sale
88*2
90*4
l o o ->4 J ’ n e ’02
41 O c t ’ oo'
101 M ay’0 1
61
65
85 Hi J ’ ly '07
50 F e b ’O'.
88 Hi Sep ’0 .
84*2
85
99 M ay’Of
......... 112 J ’ l y ’04
113 *•> r t y ’ tii
91
90 A u g ’ 07
4
88 *■
|
101.
I
•>■4 01
85
67 *■
34 *•
S9
70^*
8 5 j4
OHICAG-O STOOK EXOHA'N’l-E—Stock "Record—Daily, Weekly and Yearly
STOCKS— H IGH EST A N D LO W EST SA L E PR ICE S
Saturday
Sept 28
Monday
Sept 30
Tuesday
Oct 1
W ednesday
Oct 2
*150 160 *150
*234
*234
3
131? * ____
16U 17
16i2
*2>12
*2i»
3'4
*
17 * . . . .
*4710 50
48
*
80
•
2 II4 *
*5813 63
*5812
*
40 * __
* __
22
62
*58
*58
78
7S*4 78*4
28
28*4 *28
*90
94 * __
* ____
32 * ____
160
3
131?
16^4
314
17
48
SO
20
63
40
22
62
80
281"
94
32
4*8
4 8-\s
* __
# ____
*59
*100
43g
41?
4s8
4Vt
491 ■> 4812 48*4
4814
1391? * ____ 139lo * ___
123
123 *
60
58
58
*57
103 *100 103
100
*
4%
4-<h
48% *4bi2
140*8 * __
123 *
61
5914
103 *10 )
*
*
*10 )
*15
35
103
50
*1
*5
*135
*36
*106
*105
124
40
*1
l's
6
*5
145 *135
3.
35I4
108
1067j>
1051" *105
124
123!j
40
*40
*45
7312 7312 73
*110
111
110
70
*67
120 * h o
*113
38
*8813
10134
*135
* -- .
* ll4
*9lS
♦21
3.5
103
50
*150
*284
*
17
*2l2
* ___
*48
* __
*
62
*
21
*58
*_ .
*28
*90
* ____
*
*100
*45
*1
11«
6
*5
145 *135
3611 *36
107-2 *106
106
10512
124
124
42
42
160
3
13l?
18
3U
17
50
80
21
62
40
21
60
80
281?
94
32
*150 160
I.ast
*234
Last
3
13U
Last
18
17i2
I 8I4
*21*2i4
3>4
Last
17
48
45
45
* ___
80
Last
*
21
Last
62
62
*60
*
40
Last
* __
21 >4
60
*58
Lact
75U 77
75
2SI4 2814 *28
*90
94
iMTt
* ___
32
Last
♦
Sales
of the
Week
Sharet
Friday
Oct 4
Sale
Sale
Sale
1734
3
Sale
45
Sale
Sale
64
Sale
154
Sep’ 07
3
Sep 07
14
J ’n e ’07
1712
17-\s
21
2118
July’07
*40
45
7912 July’07
22
Sep’07
*60
63
46
July’07
*21
221Sale 60
Sep'07
80
7612 *76
28I4 2814
23%
Sale 97
July’07
Sale 33
July’07
438
4*8
4%
48*4
48
4814
139
Last Sale
Last Sale
123
58U *57i2 59
100 *100 101
4*8
48
14018
120
561?
*98
38
La A Sale 35
I.ast Sale 1041"
45
47 47
43S
48*4
Sep’07
Aug’07
57
100
Sep’07
Sep’07
47
16
Last Sale 1
Lest Sale 5lft
137l2 13712 *135
*36U 38 *36
107 108 *106
106 106 10512
124 124 124
421? 43 *40
31>4
80
41
2126U
7234 7234 *723.
110 110 1091 *
Last Sale 70
Last Sale 117
Mch’06
July’07
A u g’07
140
38
108
10510
124
42
35
103
48
* ___
*100
*46
35
103
48
l'x
6
145
371108
1051124142
*1
*5
*138
*36
*106
*105
12312
4212
18
6
145
371108
105'"
124
421?
73173
73
7314 7314
110 *110 111
10912 1091"
70 *
70 *
69
120 *115
120 *113 120
40
40
39
4012
8914 88.T1 88-'|
89
10212 IO2I4 10212 10212
____ 135 136 *135
95
95
95
95
1%
13g
1%
1*2
91?
9%
912
9%
241» *22
241- *23
Thursday
Oct 3
2.895
10(
.
17C
102
25
403
400
750
725
305
55
C h ic B re w ’ g & M a lt’ g .
D o p r e f ____________
C h icag o E d i s o n . _
C h ic P n e u m a tic T o o l.
C h ica g o T e le p h o n e ___
C h ic T itle & T r u s t ___
D ia m o n d M a tc h _____
Illin ois B r ic k _____
Feb’06
950 N a tio n a l B is c u it. _
206
D o p r e f ____________
N a tio n a l C a rb o n _____
D o p r e f _____ ______
73
10978
Sep’07
Sep’07
May’05
Inter
est
Period
100
100
100
100
100
100
1 Oil
100
100
100
100
100
Last Sale 991100
41
41
41 *40
42
190 S e a r s -R o e h u ck c o m . . 100
89
89
40
D o p r e f ____________ 100
*881- 89 89
102=8 102 1021- 1021*
1021- 1,489 S w ift & C o _______ _____ 100
135
135 135 133
133
172 T h e Q u ak er O ats C o . 100
94
94
94 94
94
505
D o p r e f . ______ __ 100
IN
100 U n it B o x B d & P C o . 10O
1>4
1’ 2 *P4
P2
D o p r e f____ _______ 100
95s
9U
912 9%
934 1,305
241Last Sale 2 412 Sep’07
W estern S t o n e ............. 100
M in in g
Last Sale 32150
N ov’06
Last Sale! 16
Mav”07
20
N ov’06
....................
40*4 *39
89
8834
102*4 102
137
135
94
95
1%
*1>4
919U
24l-> *23
Ohicaero Bond Record
BONDS
C H IC A G O S T O C K
EXCHANGE
W ick ending Oct. 4
Lowest
R a ilr o a d s
C h ica g o C ity R y
.1 0 0
C h ica go & O ak P a rk .1 0 0
D o p r e f ___________ 101
C h ica g o S u b w a y ____ ,1 0 f
C h ic U n io n T r a c tio n _ 1 ()(
D o p r e f ___________ lOf
K ans C ity R y & L t . 10(
D o p r e f___________ 10<
M e tro p o l W S E l e v . . . 1or
D o p r e f . ________ 10C
N o rth C h ica g o S treet 10(1
N o rth w e ste rn E l e v . . 10(1
D o p r e f _______ . . 10(1
S o u th Side E le v a te d _ 10(1
S treets W S ta b le C L 10(1
D o p r e f _ _ ___ __
100
W e s t C h ica go S t r e e t . .1 0 0
M isce lla n e o u s
A m e rica n C a n _______ .1 0 0
D o p r e f ___________ .100
A m e rica n R a d la t o r . .100
___ 100
D o p r e f. _
A m e r S h ip b u ild in g .. 100
D o p r e f . . ___ __
100
B o o th (A ) & C o _____ 100
100
D o p r e f ____ _____
155 Cal & C h ic C anal & D . 100
100
14
10
90
30
229
180
Price
Friday
Oct. 4
Week's
Range or
Last Sale
A sic Low
Range for Year
1907
STOCKS
C H IC A G O S T O C K
EXCHANGE
Range for Previom Year
(1906)
Highest
Highest
150 M ch IE 205 A p r 8
5 Jan 24
312 M ay 14
13 F e b 15
16 A p r 6
15 M ch 14
461 J a n 2
21. O c t 4
6I4 A p r 3
14 A p r 23
1914 Jan 9
45 Sep 2C
65 J an 16
791- Sep 27
87 Jan 17
21 Sep 12
28 J a n 24
72 J a n 15
60 Sep 14
3 412 A p r 10
47 J ’ly 16
20 Sep 11
251? J an 25
58 A p r 24
66 J 'ly 17
90 J an 4
75 M ch 14
28 M ch25
34 J a n 15
95 A p r 3
99 M a y l8
20 M ch 19
35 A p r J>
4U
43
129
120
561100
A u g 13
A u g 20
J an 7
A ug20
O ct 4
Oet 2
7U A p r
60 A p r
140ig S ep
130 A p r
8012 Jan
109 J a n
34
106
45
165
Apr
Apr
O ct
F eb
40
111
54
165
1
5
129
3514
105
IO2I4
11912
39
Jan 9
A u g 22
M ch 21
Sep 30
A u g 20
M ch 16
Jan 24
A u g 17
20
20
3
27
11
10
9
24
14
7
J ’n e 8
Feb 8
Jan 8
F e b 27
1 Jan 9
(il2 J ’ne 5
149 A p r 3
51 F e b 8
13 412 A p r 4
11212 M a y l3
12912 M a y lo
57 M a y 2
140 Sep
5 D ec
15 D e c
3934 J ’ly
4 J ’ly
1212 M ay
54'2 Jan
85 O ct
25 O ct
65I2 O ct
25 M ch
23*2 J ’ ly
60 M ay
89U A p r
27 M ay
97 D e c
23 A p r
6 J ’ ne
51 J ’ly
115 F e b
1281- D e c
54 Jan
101 J an
17 F e b
36 Jan
106 O ct
55 M ay
168% M ay
16 F e b
1 M ch
0 N ov
136 J ’ly
48*2 D e c
101 A p r
103 M ay
118 J ’ne
41i2 Sep
79?8Feb
2125 “
69
IO9I4
70
107
A u g 20
A u g 22
A p r 18
Apr 9
34?8 A u g 28
88 A u g 19
10112 M ch 15
132 S ep 25
94 O ct 2
1 Jan 2
6 Jan 2
221- J ’ne 12
86
11734
8414
120
J a n 14
Jan 7
J an 11
J a n 17
57 J an 10
95 J an 26
113*2 Jan 16
1731" M a y 3
1023i Jan 16
214 A p r 8
123, A p r 8
30 F e b 14
321- Jan 24
Jan 24
20
J a n 22
46
ih
21
62
113*2
78
112
M ay
M ay
J'nu
M ay
Jan
Jan
D ec
200 J a n '
73{ Jan
283g Jan
59 M a y
13U F e b
46^ M ch
6812 F eb
93U F e b
30 J ’ne
7212 N o v
85 M ch
28W F e b
68>2 M ch
99 J ’ne
3534 N o v
102 J ’ne
60 F e b
11?8 J an
72 J an
130 N o v
136 J a n
81 N o v
112 N o v
3 U - Dec40 F e b
I I 3I2 J ’ne
64 F e b
175 M ay
I 6I2 F eb
M ch
Jan
165 F e b
63 F e b
139 J a n
118 Jan
147 F e b
713^ J a n
80
48
2*2
23
7912
119
95
122l2
Feb
S ep j
F eb '
M ch
D ec
O ct
M ch
M ch
887g J ’ly
50 A u g
92U N o v
101U J an
115 M ay
99U D e c
•'*4 D ec
514 D ec
28 D ec
93i2 M a y
631- D e c
99 Sep
11912 Sep
1521" Jan
10634 F e b
234 Jan
1714 Jan
42 M ch
2934 J ’ne
734 J ’ly
1414 M ch
312 J ’ly
4434 F e b
14^ M ch
20% N o v
4% O ct
Chicago Banks and Trust Comoanies
R ’ds
Sold
Range
for year
1907
Outstand
ing
Stock
t
Surplus
and
Profits
f
Dividend Record
In
1905
In
1906
Per
iod.
Last Paid
%
High B a n k ers N a t i o n a l _______ $2,000,000 $1,263,311
8
' 8
Q-J ! O ct '07, 2
5
C a lu m e t N a t i o n a l _______
An. Dee ’ 06, 6
.100,000
32.865
5
C h ica g o C i t y ______________
124,320
500.000
10
J-.l Julv ’07, 5
10
C o m m e rcia l N a t i o n a l ___ 03,000,000 4,283,317
Q-J O ct ’07, 3
12
12
100 Sep'0 7 ____. 100 102
C o n tin e n ta l N a t i o n a l ___ 4,000,000 3,065,021
Q-J O ct ’07, 2
8
8
100 M a yO T ____
100
C o o k C o S ta te S a v in g s ..
50,000
9,777
6
6
Q-J O ct ’07. 11103 A pr’0 4 ____|
C o rn E x ch a n g e N a tio n a l 3,000,000 4,764,477
12
Q-J O ct ’07, 3
12
55 Aug’0 7 ------!
D re x e l .State______________
200,000
37,451
6
6
Q-J O c t ’07. 11D ro v e r* D e p N a t io n a l___
600,000
356,072
8
8
Q-J O ct ’07, 2
*100 Sale
100
100
100 100
E n g le w o o d S t a t e . . ...........
200,000
33,011
3
Q-J O c t ’07, 11981- 99 I 100 July’07
100 101
F e d e ra l N a t io n a l________
500,000
84,215 Began busine 6S
Oct 16 1905
____ 98 ; 963$ Jan’06
F irst N a t i o n a l ___________ s ,000.000 7,459,753
12
11
Q-J O ct ’07. 3____ 98
F irst N a t E n g le w o o d ____
150,000
10
10+ 10 Q-J Oct '07, 21155,396
! *87" F eb’06
F o re m a n B ros B ’ lc’ g C o .
500,000
631,541
Priv ate Ba nk
F o r t D e a r b o r n N a t io n a l. 1,000,000
386.439
Q-J O ct ’07, 2
6
6
____
H a m ilto n N a t io n a l______
500,000
J-J July ’07, 212
181,898 ____
7734 Sale
7612
77*4 25
7612 81% H ib e rn ia n B ’k ’ g A s s n ___ 1,500,000 1,123,683
' 8
Q-J O ct '07, 2
8
____ ____ K a sp a r S ta te B a n k ______
79 N ov'04 . . . .
____
. . _ _____
200,000
107,770
-----80 A p r’04 ----------- M o n ro e N a t io n a l________
—
300,000
53.623 . . . .
3
Q-F Aug ’07, 1
.
____ Jan. Jan ’07. 412
M u tu al B a n k ____________
250,000
77,396
10234 N a t B a n k o f R e p u b lic ___ 2,000.000 1,227,139
9812
3
99
9812 Sale
99
6
6
Q-J O c t ’07, 2
____ ____
___ . - . N a tio n a l C i t y ____________
90 D ec’06 ____
1,500,000
38 J,392 Began busine ss
Feb 5 1907
____
96'g
95
9618 Sep'07
9S'4 N a tio n a l L iv e S t o c k ____
1,000,000 1.388,398 1 2 + 3 12 + 3 Q-J O ct ’07, 3
------ -----95 June’07
95
96
N o rth A v e n u e S t a t e ____
200,000
50,367 Began busine ss
Dec 8 1906
N o rth S ide S tate S av in gs
50,000
6,011
6
Q-J O ct ’07, H2
6
90
9012 Sep’07
933S O a k la n d N a t io n a l_______
88
100.000
35,250
Q-J O c t '07, 116
6
------ -----16 M ay’05 ----------- P rairie N a t io n a l_________
250,000
69,148
P rairie S t a t e _____________
c500,000
109.531 " 8 *
f/38* Q-J O’ c t "07," 2c’
85 Sale
85
841- 907g R a ilw a y E x c h a n g e _____
5
851?
250,000
15.019 Began busine ss
July 3 1906
81 A u g’07
80
85
841- 8512
S o u th C h ica g o S a v in g s ..
200,000
4
Q-J O c t ’07, U2
73.897
5
82
81
90 D ee’Ofc . . . .
. . . . . . . . S e c u r i t y _________________
300,000
Orga nized O ct 12 1906
100,375
-----S ta te B a n k o f C h ic a g o ___ 1,000,000 1.123,423
8
8
Q-J O c t ’07, 2
____ ____
___ S t o c k Y a rd s S a v in g s ____
79 Aug’06
____
250,000
150,239 None
J-J J ’ly ’07, 3
75 F e b ’07 ------j
------ -----75'
____ M-N May ’07, 3
75
U n io n B a n k o f C h ic a g o ..
200,000
42.316 ____
U n io n S to c k Y a rd s S tate
200,000
56,997 None
6
Q-J O ct ’07, 118912
895g 30
8912 92
A m e r ic a n T ru s t & S a v g s . 3,000,000 2,513.137
8934 Sale
8
8
Q-J O ct ’07, 2
90 A u g’07 . . . . j
98^8
90
95
C en tral T ru s t C o o f III___ 2,000,000
990,953
7
5U
Q-J O ct ’ 07, 134
____ ____ 1001-M ch’06 ____!
. _ C h ica g o S a v B k & T r ____
?j500 ,000
tt91,036 . . .
____
94
94 Sep’07 ____
'9 4
97
C h ica g o T it le & T r u s t ___ 5,000,000 T l.220.313
6
Q-J O c V ’ 67, "l"l2
____ ’ 98 July’07 ____
96
98
98
C itizen s T ru st & S av in gs
50,000
9,168 . . 6.
____
98
98
98
. - ____ C olon ial T ru s t & S avin gs
600,000
1
543,505 5 + 5
10
Q-J O ct ’07, 212
____ ____ 11512J’ne’07
11512 U512 D ro v e rs T ru st & S av in gs
200,000
78,340
6
Q-J O ct '07, H2
6
____
( 100 102U F a rw ell T r u s t C o ________
9912 100 A p r ’07
1,500,000
O rganized Apri 1 3 1907
41,071
IOOI4 ____ 100 Sep’07 I I I I
____ ____ ___________
99I2 10434 F irst T ru st & S a v in g s ___ 2,000,000 1,219,427 ____
. . . . 100
102
101 A pr’ 07
, 101
H arris T ru s t & S a v in g s .. 1,250,000
347,256 Began busine ss
Feb 4 1907
___ Illin ois T ru st & S a v in g s . 4,500,000 8,027,598 12 + 4 12 + 4
1031? Feb’06 ____
<7 O c t ’07, 4
9734 Sep’07
j
9812 99
200,000
Q-J O c t ’07, H 9734 10012 K e n w o o d T ru s t & S a v g s .
36,288 ____
9912 Sale
99
99%
200,000
28,157
Q-J O ct ’07, 1
99?8 10218 L a k e V ie w T ru st & Savgs
99
95 100
9812
981?
1
M e rch a n ts’ L o a n & T r C o 3,000,000 4,462,542
12
12
Q-J O c t ’07, 3
____ ____ M e tro p o lita n T ru st & Sav
____ ____ 114 N ov’04 ____
750,000
355,601
6
Q-J O ct ’07, II2
6
72
65
75
7114 Sep’07
N o rth e rn T ru st C o _______ 1,500,000 1,812.053
Q-J O c t ’07. 2
8
8
....
90
80
90 May’07
85
N o rth w e st T ru s t & S av gs
200.000
40.937 Orga nized July 28 1906
____
.
6812 Sep’05 ____;
P e o p le s T ru st & S a v in g s .
20!) ,000
60,752
. . . J-J J ’l y ’07, 3
. . . . ___
73
73 June’07
73
P u llm a n T ru st & S av in gs
MOO ,000
185,701
8
8
Q-J O ct '0 7 . 2
80
70
78
73 June’07
500,000
R o y a l T r u s t C o _________
8
566,508
6
Q-F Aug ’07. 2
____ ____ S to c k m e n ’ s T ru s t & S a v .
____ ____
87 D ec’06
200,000
4.244 Incor porate d M arch 1905
___95
------ ------ U n io n T ru s t C o _________
9612 Jan’06
1,000,000 1,031,808 ___
W e s te rn T ru st & S av in gs 1,000,000
315.084
6
6 + 1 Q-j" O c t '07. 11N o te .— A ocru od interest m ust be a d d e d to all C h icago i b o n d p rices
W e s t Side T r & S a v B a n k
200 000
Sept 5 1905
31,927 Began busine ss
W o o d la w n T r& Sav B k ._
200,000
26.150 ____
6
Q-J O ct '07. H *
B id and asfeal p rices; n o sales w ere m a d e on this d a y . q D iv id e n d s are p a id Q -J , w ith e x tr a p a v m e n ts Q -F .
d In clu d e s special d iv id e n d o f 30 %
paid D e c. 18 19(IG.
t N o p rice F r id a y ; latest p rice th is w eek ,
a D u e D e c. 31.
b D ue Ju n e,
c C a p ital Increased Jan . 1 1907 fro m $ 2 5 0 ,0 0 0 , a cash
d iv id e n d o f 3 0 % toxins d ecla red and t o be taken as p a r t p a y m e n t fo r new s to c k ,
b D ue J u ly ,
k C a pital Increased fro m $ 3 0 0 ,0 0 0 , a s to c k d iv id e n d
o f 33 1-3 % b ein g d e cla re d In p a rt p a y m e n t th e re fo r, n C a pital an d surplus t o b e In creased.
o C a pital in crea sed fro m $ 2 ,0 0 0 ,0 0 0 an d $ 2 ,0 0 0 ,0 0 0 a d d e d
t o surplus.
T- A u g . 22 fo r n ation al ban ks an d A u g . 20 1907 fo r S tate in stitu tio n s. * A s o f J u ly 1 1907.
A m e rica n B iscu it C - ..1 9 1 0 F - A
A m e r S tr a w b 'd 1st 6s_1911iJ - J
Cass A v e & F G (St L ) —
5s
1912 J - J
C h ic B oa rd o f T ra d e 4sl927|J - D
C h ic C on sol B r& M lt 6 s ____ J - J
C h ic C on sol Trac, 4.H 's .19391J - D
C h ic E d iso n —
D eb en tu re 6s ............. 1913 J - J
1st g o ld 5 s ________ W 9 2 6 A - O
C h ic A u d itoriu m 1st o s l9 2 9 F - A
C h ic D o c k C o 1st 4 s . . 1929 A - O
C h ic N o Sh ore E le c 6 s . 1912 A - O
C h ic & Mil E lec R y 5 s . 1919 J - J
C h ic P n eu m T o o l —
1st 5 s .........................a l9 2 1 J - J
O hlc R I & P R R 4 s . .2 0 0 2 M - N
C ollar T rust g 5 s___ 1913 M - S
C o m m on w ea lth E le c t—
5s.................................. &1943 M - S
Illin ois T u n n el 5 s ____ 1928 J - D
K a n C ity R y & L t C o 5s 1913 M - N
K n lc k ’ b ’k er Ioe 1st 5 s . 1928 A - O
L a k e S treet E l—■
1st 5 s_______________1928 J - J
In co m e 5 s___________1925 F e b
M etr W Side E l—
1st 4 s........................... 1938 F - A
E x te n sio n g 4 s _____ 1938 J - J
N o rth C h ic St 1st 5s__190 9 J - J
1st 5 s---------------------- 1916 J - J
R e fu n d in g g 4 ’^ s . .19 3 1 A - O
N o C h ic C it y R y 4 ,^81927 M - N
N o rth W estern E l
1st 4 s ........................... 1911 M - S
O p d en G as 5s _________ 1945 M - N
P e a rs o n s-T a ft 5s______1916
4.40s ......................... ...........
4.6 0 s Series E ___________
4.80s Series F ___________
P e o Gas L & C 1st 6 s . .1 9 4 3 A - O
R e fu n d in g g 5 s ____ 1947 M - S
C h ic G as L & C 1st os 1937 J - J
C on su m G as 1st 5 s .l9 3 6 J - D
M u t’ l F u el Gas I s t5 s l9 4 7 M - N
S ou th Side E lev 4*^ 8 .1 9 2 4 J - J
S w ift & C o 1st g 5 .S ...1 9 1 4 J - J
U n ion E l (L o o p ) 5s. . .1 9 4 5 A - O
U n ion r-'aclflc c o n v 4S.1911 M - N
U n ited B o x B o a * i 6s _____
W e s t C h ic S t 1st 5 s___ 1928 AV - N
T u n n e l 1st 5 s.............1909 F - A
D eb en tu re 6 s _______ 1914 J - D
C on sol g 5 s . . . .......... 1936 M - N
W e s D Iv C tty R y 4 '^ s l9 3 2 J - J
W estern S ton e C o G s__1909 A - O
High X o . Low
N AM E.
100 Meh’0 7 _ _
100
100
100
BOSTON STOCK EXOE&lNiG-E— Stock Record, Daily, W eekly and Y early
SH AR E PRICES—-NOT PE R C E N T U M PR ICE S
Saturday
Sept 28
Monday
Sept 30
Tuesday
Oct 1
Wednesday
Oct 2
Thursday
Oct 3
Friday
Oct 4
Sales
o1 the
Week
STO C K S
BOSTON STOCK
EXCHANGE
Shares
Range lor Previous Ytai
(1906)
Range 1or Year
1907
Highest
R a ilro a d s
8312 A u g 20
143 A tc h T o p & San ta F e .1 0 0
*863g 86i>g S6 I4 86I4 847g 8518 *851*
853,i
85
85
*8512 85*4
89 A u g 13
D o p r e f____________ 100
Last Sale 90
Sep’07
*8812 891- *881* 8912 *881* 891* *8 8 i2 8912
117 B o s to n & A lb a n y ____ 100 205 O c t 3
205
205
205 205
208 208 *201 208
210 210lg 210 210
129
129
118 B o sto n F llevated _____ 100 129 A u g24
129 130 * ____ 129
129 129
*129 130 *129 130
2 B o s to n & L o w e ll_____ 100 200 J ’ne 19|
212
212
*
213 * ____ 212 * ____ 212
213 * ____ 213 *
27 B o s to n & M a i n e ___ . .. 1 0 0 141 Sep 2S j
143
142 142
141 142 *140 143
1411*2 142 *141l2 ------ 143
155 O ct 4l
D o p r e f____________ 100 ---____ ____ 155
* ____ 155 * ____ 155 * ____ 155
5
155
____ B o s to n & P r o v id e n c e . 100 £29412 J ’n e 21
*
Last Sale 2971* Sep’07
300 " *
297 * ____ 297 * ____ 297
8 J ’ly li
____ B o s to n S u b u rb a n E l C o s .
Last Sale 13*1 Sep’07
*10
14
*io* 14
*10
*10
14
14
50 A u g 8
____
D o p r e f________________
Last Sale 50
Aug’07
52
*48
52
52
*48
52
*48
*48
18 S ep 11!
350 B o s to n & VVor E le c C o s--i
I 8I4
I 8I4 * ____
18U I 8I4 *1712 18*8 * ____
ISI4 I 8I4
*1712 I8I4
60 O c t lj
D o p r e f________________
71
* ____
60
61
60
60 * ____
60
60
60
60
61
*55
____
____
10 C h ic Jun e R y & U S Y .1 0 0 132 Sep 13
. . . . ____ 1331* 13312 *134 135
*133 134
109 S ep 5
D o p r e f____________ 100 ___
Last Sale 109
SeD’07
C on & M o n t Class 4 . . 100 1841.1 A p r 25
I ms I Sale 184U Apr’07
____
____ C on n & P ass R i v p r e f . 100 152 J ’ly 17;
Last Sale 152 July’07
____ C o n n e cticu t R iv e r ___ 100 245 S ep 14!
Last Sale 245
Sep’07
.. 89 F itc h b u r g p r e f _______ 100 120 J ’ne 15
123 123
123
123
123 123
123* 123" 123 123 " *122 123
____ *78
____ G a R y & E le c t r ic ____ 100 675 J ’n e 1
Last Sale 79
Sep’07
80
*75
*75
*75
80 Sep 6
____
D o p r e f____________ 100
*
____
* ____
____
80
Sep’07
*
Last
Sale
82
S
O
*
*78
so"
"so*
..
M aine C en tral________ 100 190 A u g 17
Sep’07
Last Salt 190
12 A u g 12
50 M ass E le c tr ic C o s ____ 100
*12
13
12
12
12
12
*12
*12
13
13
*1212
471* S ep 28
D o p r e f____________ 100
150
49
4734 49
48
48 * ____
4734 48
49
49
4712 48’ "
19*4 M ch 9
____ M exica n C e n tra l_____ 100
Last Sale 1934 Mch’07
*1614 17U *141* 1512
*1612 1712
2,810 N Y N H & H a r tfo r d -1 0 0 139 S e p 26
142i4 143
14012 1411s 140*4 1411g 141 141*. 142 14314 1421* 143
152 M ay23
____
____ ____ ____ ____
------ N o rth e rn N H ________ 100
Last Sale 152 M ay’07
A p r 23
____
_ ____
____ N o rw ich & W o r p r e f . 100
A p r’07
Last Sale 222
S ep 17
178
O
ld
C
o
l
o
n
y
___________100
70
____
____
____
178
17812
17S*4
178*4
*178l2
178*4 180 *17812
*1781*2
5 J ’ly 31
13 Pere M a r q u e tte _______ 100
IOI4 IOI4 * 1 2
57 S ep 13
D o p r e f____________ 100
Sep’07
Last Sale 30
*30
*30
*30
20 J ’ne 5
. . . . R u tla n d p r e f_________ 100
Sep’07
Last Sale 35
82 A u g 7
____ Seattle E le c t r ic _______ 100
* ____
Last Sale 82
Aug’07
80
80 * ____
80 * ____
80 * ____
__A u g 20
93
D o p r e f____________ 100
*
Sep’07
Last Sale 94
95
95 *
95 * ____ 95 * ____
1221.1
A u g 14
U
n
ion
P
a
c
i
f
i
c
________
100
587
1273g 127% 12734 12814 125*4 12714 12712 1271*
12512 12512 126 127
79<8 S ep 10
D o p r e f____________ 100
-----Sep’07
Last Sale 81
*8114 821.i *8114 S214 *81U 82i4 *81i4 8214
V e r m o n t & M ass______100 150lg J ’ly 22
Sep’07
Last Sale 157
S0I4 S ep 24
53 W e s t E n d S t __________50
84
84
85
84 * ____
*83
84
84
*83
*3314 84 *
99 J ’ne28
D o p r e f____________ 50
115
*99
* ____ 100 * ____
____
100
100
99
99
98 * ____ 98
____ W o re N ash & R o c h . , 1 0 0 140 A u g 28
£3ep’07
Last Sale 140
M iscella n eou s
15 J ’ne 5
26 J a n 8
A m e r A g ric u l C h e m ..l0 0
Last Sale 18U
Sep’07
95 F e b 7
77*4 Sep 28
D o p r e f____________ 100
'Il2
-79
79
79
79
79
79
7834 79
79
79
77*4 79
1434 Jan 8
4 S ep 11
612
6*4 4,846 A m e r P n eu S e r v i c e .. 50
41*
61.J 7*8
*4
5
51*
6I4
5
512
414
33 J a n 8
10 S ep 16
D o p r e f____________ 50
601
14
1414
13
1414
12*4 13
* 101*
11
111 *
11
11
13714
F e b 11
109
A
u
g
15
A
m
e
r
S
ugar
R
e
fln
____
100
1,075
112
11212
110 110*4 111 11 Us 111 111
10912 11614 10914 110
D o p r e f____________ 100 116 Sep 6 13154 Jan 16
115
11712 118
117 117
117 117
117 117
117 117
117 117
105U 105*4 1,308 A m e r T e le p & T e le g _ _ 1 0 0 103*4 A u g 12 1341, Jan 2
10534 106
105 106
10612 1063.1 Z10412 105
105 106
36I2 Jan 7
20 S e p 30
170 A m e rica n W o o le n ____ 100
*20
21
*20
21
21
21
20
201 * 20"’,5 *2 0
20
21U
85 A u g 13 1021* Jan 8
D o p r e f____________ 100
419
86
85*4
85*4
86
8512 8612 86
86l2
8512 86
8512 86
4 “ J a n 15
3
M
ch
28
____
B
o
s
to
n
L
a
n
d
_________
10
Last
Sale
3l2
Sep’07
412 *3
*3
*31 ■> 41* *31*
412
4i2
____ C um berl T e le p & T e l . 100 £100 Sep 25 U 5 J a n 10
Sep’07
Last Sale 101
*100 101 * 1 0 0 J 101 *100 101
*9912 10012
25 F e b 19
____ D o m in io n Iro n & S t _____
16% M ch26
Last Sale 2214 Sep’ 07
914 Jan 3
5*4 O c t 3
300 E a st B o s to n L a n d - . . ___
5*4
5*4
*534
*518
6
6
6
6
*5
6
6
*5
12 E d iso n E le c I liu m ____ 100 200 A p r 12 230 Jan 7
207
206 206 *206
206 206 *206 207
*205
#205
147 G eneral E le c t r ic _____ 100 120i4 A u g 26 162 J a n 24
125
1247g 125*8 125
126 126
.. _
127 127*' 12414 125
663g Jan 16
49”s A u g 26
664 M assachusetts G as CoslOO
51
51
50*4 51
51
52
52
511s 511s
52
51
51
861* A p r 20
310
D o p r e f____________ 100
79*4 S ep 4
81
82
81
82
81
81
81
81
81
81
S ll2 8H*
199
J
a
n
2
215
M ch 1
.
9
___
100
M
ergen
th
aler
L
in
o
*206
-----*20512
____
*205
2C41*
*205
204 204
204l2
434 Jan 19
1*4 S ep 9
100 M exica n T e le p h o n e . . 10
* ____ " 2
2
2
1*4
13.1
1*4
*112
* 1*4
l s4 *H2
134
46 J ’ne 3
75 J ’ ly 29
N E C o tto n Y a m ____ 100
* ____
Sep’07
Last Sale 67
66 *
66 * ____ 66
66 * ____
90 Jan 12
84 M ay29
41
D o p r e f____________ 100
84
* ..
8.4
84 * ____
88
84
88 * ____ 88
85 * ____
10734 10734
87 N E T e le p h o n e _______ 100 107'* O c t 2 126 Jan 7
108 109 *
10712 1071* 10S 108
IO8I2 108 108
321 P u llm an C o ___________ 100 153 A u g 20 182 Jan 7
158
158
158 158
1501g 157
157 157
157 157
157 158
11 J a n 10
*914 A p r 5
*95s
10
80 i R e e c e B u t t o n - H o le .. 10
10
10
10
10
10
10
* 9*4 10
*97* 10
187
& C o . . ..................100 10 ll* A u g 20 113 J a n 16
10234 10234 102U 103
102
IO2I4
102 102
102 103
10134 102
221*
Jan 12
20
J
’ne
13
T
o
rrin
g
to
n
Class
A
___
25
Last
Sale
2U
2
Sep’07
211o *21
*21
*21
*21
2112
2H
2
21U
27U J ’ly 26
_
24?s M ay 8
D o p r e f____________ 25
....
Sep’07
Last Sale 26
*26
*26
*26
*26
6~g Jan 21
ll4 Aug 2
U n io n C op L ’d & M ’g . 25
Sep’07
Last Sale 2
*2
" 2*1* *2
214
" 2*14 *2
'*2*12 *2
677 U nited F r u it_________ 100 103*4 M ch 11 117 S e p 6
11312 114
113 114
114 11414 11312 1141* 114 114*4 113 114
69 J a u 2
38% S e p 30
668 U n S h oe M a ch C o r p . . 25
39
39
391* 391*
39lg 3914
39
40
381.1 3934
*3 SI2
29 Jan 4.
24'g A u g 15
D o p r e f ____________ 25
347
25*4 253.)
*25
2514
25U
2 512 25>8 2514
25I4 2514
25
25
50*g J a n 7
26*8
Sep
30
iU
S
S
teel
C
o
r
p
_______
100
2634
27
13,314
2634
2734
26*8 2678
2612 26*4
2678 27lg
26*8 2714
87% S ep 30 10734 J a n 7|
D o p r e f____________ 100
8SI4
8SI4 2,162
8758 873.1
S7“8 8SI4
88*8 SSI2
8&I4 89
8714 S8
9 J a n 121
5 M ch 2 5
*4l2
5
35 W e s t T e le p & T e le g --1 0 0
5
*412
5
5
5
5
5
5
5
*412
82 Jan 17
60 S ep 9
____
D o p r e f____________ 100
Sep’07
* ____
Last Sale 62
70
70 * ____
70 * ____
70 * _ . .
78io Jan i«
63 S ep 27
Sep’07 ____ W e s tin g E l & M fg ___ 50
Last Sale 63
80 F e b 28
____
76 M a y 6
D o p r e f____________ 50
M ay’07
Last Sale 76
M in in g
6l2 F e b 20
2 J ’ne 5
2
290 A d v e n tu r e C o n _______ 25
2
2
2
2
2
*2
*1% • 2
*17g
2
214
7 ji4 J a n 14
30 S ep 12
125 A llo u e z ________________ 25
*2914 ____
*28
32
30
31
31
30
32
30
30
*28
56*s S ep 28 121 J a n 5
5914
60 34,552 A m a lg a m a te d C o p p e r 100
60
57*4 597s
56*8 5738
5812 601g
57I4 59*a 58
26I4 S ep 28
53 J » n 22
2S
28
415 A m Z in c L e a d & S m ._ 25
271* 2712
27*4 27*4
26I4 26*4 *27
2714 2714
75 F e b 16
___- ____ . . . .
36*4 S ep 16
41 A n a c o n d a ____________ 25
387| 39
39
--37*4 3*734 39
31j S ep 13
15*8 ,Jan 16
420 A r c a d i a n _____________ 25
4
4
4
4
4
4
37g
4
37g
4
4
*334
281* M ay <i
1134 S ep 30
370' A riz o n a C o m m e r c ia l. . 25
1212 1212
121* 1212
1212
1234
*1112 1212
1134 1212 1214 1214
2 “ Jan 7
♦l2
34
.35 S e p 28,
1,
1.950 A r n o l d ________________ 25
1*
*12 .65
.35
.45
.60
.40
*4
«2
l io J a n 9
lo M ay29
A sh B e d -----------------------25
Last Sale 12
Aug’07
1
1 *
*
1 * ____
22
“ F e b 28
1,056
8I2
S
ep
28
A
t
l
a
n
t
i
c
----------------------25
10
9U
91*
914
9U
*914
■914
9*4
91*
“ 812
9i2
9*4
12lo
Apr 4
5
S
ep
28
Sis
518
514 5,486 B a lak lala t e m p c e r t f s -----5
51g
5I4
5
51s
51g
5I2
5iS
512
37 “ Jan 14
8 O ct 3
8
8
8
8I4
8I4 1,065 B in gh am C on M in & S 50
812
9
8
8I4
8*4
8U
8I4
.80
Jan
17
.35
S
ep
131
____
B
o
n
a
n
za
(D
e
v
Co)
—
10
.35
Sep’07
.40
Last
Sale
.40
.40 * .36
* .3 5
* .3 5
.40 * .3 5
14iS O c t 3
33U J a n 5
15*8 9,950 B o sto n C o n C & G (rets) £1
15
14i8 14i2 1434
*1618 18
16
15*4
1714
16*4 17
3918 J a n 7
14?g S ep 30
1534
15*4 3,550 B u tte C o a litio n _______ 15
151* 15*1
153g 15*4
147« 151*
15
15
15U 155g
106
107
1,636 C alum et & A r i z o n a .. 10 105 S e p 12; 198 F e b 8
106 108
109 109
105 106
108 109
IO6I4 108
600 Sep 13 1000 F e b 15
635
635
301C alum et & H e c la ____ 25
630 630
630 630
630 635
625 630 *625 650
19 S ep 14
47 F e b is
*1912
2012
20i C en ten n ia l____________ 25
21
*20
*19
2012
*191*
2012
1912 1912
1912 19U
400i C ons M ercu r G o ld ------1 .35 Mch26| .52 J a n 19
.38
.3S
.40
.40 * .35
.40 * .3 6
.40
.36
.3 6 * * .3 6
* .3 6
55 Sep 30 105 J a n 14
56I4
5712 10,885 C op p er R a n g e C on C o .1 0 0
55*4
55
55
5714 5S1*
5712 5912 5612 57*4
57I4
10 S ep 30' ___
201 J an 23
1034
10*4 1,456 D a ly -W e s t ------------------- 20
10
10
10
10
10
1012
11
11
10
101*
70io M ch 2
45 A u g 13
D o m in io n C o a l -----------100
Aug’07
Last Sale 50
98.. A u g 231 114 ' J an 12
D o p r e f____________ 100
Last Sale 98
Aug’07
4ig J a n 10
l
i
4
A
u
g
14!
E
lm
R
iv
e
r
-------------------12
”
55
II4
*lig
IU * l l 8
IU
*11*
Us
138 *Hs
II4 *llg
II4
7*4 S ep 13i 2914 M ch 1
585 F ra n k lin -----------------------25
8U
834
8I2
8i2 *814
812
8i4
812
812
812
Sl2
812
85 S ep 13 S 151 F e b 8
85
85
285 G ra n b y C o n s o lld a te d -1 0 0
92
92
91
91
*74
92
90
*S7
90
7<g O c t 4; l 73 g A p r s
778
8I4 12,950 G reen e-C ana te m e t fs ------SI4
81*
83S 834
81*
85g
812 "834
S3S 87g
514 Jan n
2*4 A u g 16
G u a n a ju a to C on sol___
5
Sep’07
Last Sale 312
36U Jan 14
Isle
R
o
y
a
le
(C
o
p
p
e
r
).
25
131s
A u g 15
*14*4
1512
1534
1*115
1434
15
15
14
14
151.1 15*4
1512
14*4
9 S ep 131 30 F e b 8
716 L a S alle C o p p e r -----------25
IOI4
IOI4
101* 1012
IOI4 IOI4
10is IOI4
912
91*
97s 10
91. Jan 10
3i» S e p 24:
150 Mass C o n s o l-----------------25
4
313
312
4
*31*
*312
4
312
4
*312
312
*3l2
13.j J a n 24
.50 A p r 5
.65
950 M a y flo w e r -------------------25
1*
.60
1* * .4 0
.60 * .4 0
*to
12
h * .4 0
34
8 S ep 13; 151.1 J a n 24
620 M ex ico C ons M & S ___ 10
93.1 *9i8
*9is
934
9
9*4
9“
*914
914
912
914
91s
8*4 Sep 131 2 4 l , J a n 15
642 M ic h ig a n ---------------------25
878
8?8
10
10
9iS 914
9
9
91S
9I4
91g
9I4
9612 Jan 14
47io Sep 28
50
50
1,297 M o h a w k ----------------------- 25
50
52
5l7g 5212 49
52
50
51
4712 50
3I0 M ay 7
134
134
200 M on tan a C on sol C & C 10 1 7-16 Sep 12
* 1*4
2
*134
2
2
2
*134
2
*1*4 2
201, Jan 16
9*8
S
ep
14
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9*4
100
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v
a
d
a
C
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n
s
o
lid
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.
5
10
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10
10
10
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9
h
95
S
*912
*914
120
"J a u 5
44*8
S
ep
28
4634
4712 13,231 N o rth B u tt e __________15
46
4712
44*g 453s
47i2 4914
471s 49
4514 48
2 U Jan 4
i-> S ep 20
*l2
*1*
1
*12
1
200 O ld C o lo n y ____________ 25
*1*
* ____
1*
1*
1
1
1
63
‘ F e b 14
23
'
S
ep
10
O
ld
D
o
m
i
n
i
o
n
________
25
1,645
2434
24
*2312
24
24*i
2334 241*
231* 24
23
2314
241*
87 S ep 13 181 F e b 21
90
9012
89
428 O sc e o la ________________ 25
92
90
so
9H2 9112 89
8912 89i2 92
35 Jan 14
12% S ep 13
480 P a rro t (S ilv er & C op p ) 10
13
121* 1234
13
12?s 13 *1212 13I2 *11*4 1312
1212 121*
1 Jan 5
e3 Jan 26
1
60 P h o e n ix C o n so lid a te d 25
* ___
1
1
1 * ____
1 * ____
1
1 * ____
75 S ep 28 *14S F e b 6
79
79
381 Q u in cy _______________ 25
78
79
80
80
81
81
75
79
77
78
2'h O c t 3 c1234 Jan 15
420 R h o d e I s la n d _________ 25
3
3
3
27$
278
3
3
3
3
3
3
3ig
71* J a n 8
1*4 Sep 28
2
2
212
25g 6,435i San ta F e (G o ld & Cop) 10
21 *
21 *
1*4
2
214
212
2U
178
97s S ep 17 j 24*g J a n 17
IOI4 IOI4
10*g
1012 3,602t S h a n n o n _______________ 10
101* 10*s
IOI4
103S 10*8
10
1018 1012
170
Jan 14
60
S
e
p
13!
T
a
m
a
r
a
c
k
____________
25
*65
70
70
70
*65
70
68
62
64
*67
65
65
11 S ep 10
42>4 Jan 24
13
1314 1,600'T r in i t y . . . ________
131* 13*4
1334
13
1312
13
13
13
1312 131*
47'>8 O c t 3j 7714 M ch 7
48
505 U n ited C o p p e r________ 100
47*4 47*4
47% 475s *47
48
47*4 47*4 *47
4812 4812
67 M ch25
91 M ay 1
D o p r e f ____________ 100
80
80
80
80
515
81
8012 801*
76
79*4 7934
8*4 A u g 10! 1314 Jan 22
m___
____
756 U n itedS tatesC oal& O tl 25
9
9
9
9
9
9
9
*87g
87g
87s
70 Jan 2
31*4 O ct 4
35*4 3 6
34*4
351* 4,277 U S S m elt R e f & M in . 50
36
37
371* 36
361g
36
36
37
49 Jan 7
36*4 Sep 30
3,352
D o p r e f____________ 50
37
37
3634 371* 137
37
371* 37
37
3712
37
37*4
79 J au 14
32 S ep 13
341*
3412 2,761 U ta h C o n s o lid a te d —
33I4 35
3414 351*
3312 34
3512 35-'>s
3312 31
ll5g F e b 27
4
S
ep
17;
380
V
i
c
t
o
r
ia
____________
41
2
41
2
41*
*4l2
5
*41*
5
412
5
5
4>2
412
31* M ch 6
1 M a y ll!
Last Sale I.O6I4 J i y ’ 07
W a s h in g to n ___________ 25
14 " J a n 23
A ug29
5
1,450 : W i n o n a _______________
5
5U *47s
51*
512
5
5
5
*4*4
5>2
51*
109 O ct 3 198 F e b 11
110
110
109 110
184
110 110
110 111
110 110
i 110 110
35g Jan 22
.90
.90 .
*4 Sep 16
150
.90
.90
.90 * .7 5
.90
.90 * .7 5
.90 * .7 5
* .7 5
c Before pay’t of assess’ts called In 1907.
* Bid and asked prices,
d New stock,
e Ass’t paid,
h Ex-rights
a Ex-dlv. and rights,
86J4 J ’ly
z977s D e c
239
D ec
147 A u g
230 D e c
160 D e c
164 O ct
2991o D e c
13 N o v
63 Jan
25 Jan
72U Jan
156 O ct
117*2 J ’ly
1S734 N o v
158 O ct
285 O ct
132 O ct
95 J an
89 D ec
197 M ch
17 Jan
591" Jan
21% A u g
190 J 'ly
155 Sep
22S J ’ly
198 D e c
53 Sep
50 Jan
4712 N o v
65 Jan
95 Jan
139b M ay
91 M ay
170 Sep
92 D e c
107 Sep
150 F e b
11012 Sep
105ig Jan
257V! F e b
160 Jan
24612 A p r
180i2 A p r
17512 M as
3141- A p r
27“s F e b
75 F e b
391» A p r
90 A p r
1S2 J a n
127 Jan
190 M ch
163 A p r
298 A p r
145 J an
107 A p r
95 J an
200 D e c
23 J 'n e
75 J ’n e
2Si4 D e c
2071-t J an
163 F e b
2331- M ch
210 ' Jan
5312 O ct
65 O ct
64 J an
99 O ct
106 F e b
195 Sep
9934 Jan
178 A p r
101 Jan
116i2 A p r
15012 F eb
21 J ’ly
90 D e c
1012 D e c
26 A u g
128 M ay
130 D ec
128 J 'ly
28 N o v
10034 D e c
334 Jan
115 J ’ly
213.1 -\'OV
5»s Jan
225 D e c
157 D e c
44 M ay
841; D e c
190 M ch
3 Jan
27 Mch
80 Mch
126 D e c
180 D e c
91* Jan
10134 J ne
2214 D ec
25 J 'ly
2 J ’ne
103U -May
zOOi* D ec
28is D e c
323. J ’ ly
99 J ne
8 N ov
79 N o v
733, O ct
75 N o v
34 Jan
102 Jan
29 M ch
46 A p r
15G7« Jan
141 Jan
1 4 4 7g Jan
4734 Jan
11034 F e b
4I0 J ’ne
11 S34 M ch
34 A p r
10 A u g
2.50 Jan
184 O ct
643 i J ne
90 Sep
210 D ec
534 Sep
00 A OV
9014 N o v
141 to A p r
2681* N o v
11 D ec
120 Sep
23 F e b
271* N o v
5is D ec
1133i M ay
86 <jj i -c b
32\ J 'ly
50 U O ct
1131s r e b
171- Jan
98i2 Jan
86 F e b
98 Jan
41* D ec
311» J ’ly
9212 J ’ly
8:\s A u g
5712 M ay
2*8 J ’ly
81" O c t
551: D ec
118 F e b
D ec
d !5
74 F eb
I0I4 N o v
J 'n e
.90 .Sep
1034 M ay
2814 Jan
25 J’ly
.45 M ay
20*8 M ch
25 J’ly
107 J’ly
675 M ay
171* J iy
.35 “ D e c
6634 J iy
14 M ch
6II2 O ct
113 N o v
11* J ly
14i2 M ay
131 D ec
2 U D ec
1*. J ’ ly
Feb
O ct
O ct
O ct
D ec
D ec
D ec
Jan
861" Jan
2U " N o v
84 F e b
122 M ch
31* D e c
26'4 Sep
140 D e c
49's
.90
353s
42
184
900
40's
.70
41* Jan
1512 J’ly
293g Jan
6i« J’ly
121g Jan
.40 j ’ne
13 N o v
1034 J ’ne
54I2 Mch
1% D ec
11 Jan
7434 M ch
70 J ’ly
33 J ’ly
93 M ch
22*4 J ’ly
60 M ay
so J ’ ly
314 J’ly
iis J’ly
534 Jan
10 J ’ne
734 J ’ ne
57U M ay
88 Jan
•.>14 Sep
51 Mcli
43 M ch
52V) J ’ne
57g N o v
60 Jan
4 J ’ Jy
131 Jan
.70 J ’ly
7*8 Jan
U2 Jan
1434 D e c
D ec
D eo
F eb
O ct
1171* O ct
21S D e c
663; O c t
151 D e c
4S Jan
2*8 D e c
114 Jan
9is D e c
53( N o v
1S‘8 N o v
122 Jan
201; D e c
78 F e b
111 F e b
I4'>a M ch
66 Jan
47"a Sep
693j Jan
914 M ch
21. D ec
li)l| O c t
190 D eo
23j D e c
221*
85
71*
233*
b Ex-stock dividend ,
851
Boston Bond Record.
O c t . 5 1907.|
Morsi»
P rice
F r id a y
Oct 4
BO STON STOCK E X C H ’G E
W e e k E n din g O ct 4
Bia
W eek’ s
R ange or
Last Sale
R an ge
Since
Jan u ary 1
Am< Low
B O f*
I„
B O ST O N ST O C K E X C H ’ G E j £
W k k k E n d in g O c t 4
c
trice
Low Hign
H ig h
A m B e ll T e le p h o n e 4 s ___ 1908 J . j
98
98 4 97 78
98
A m l 'e l e p * T e l c oll tr 48.1929 j . j
80
81
80
SI
A m W r it P a p er ls t s l S s s ; 1919 J . J
*'8 t Sep ’ 07
A t c l i * N e b ra sk a 1st 7 a ..1 9 0 8 v i-s
. . . . . . . . . . . . . . . . . . . . . . . . . . . j 104
M ar’06
A ten T od & S F e g e n g 4 s . . 1 9 9 5 :a -O
9 5 14 96*4 i 96%
96 4
A d ju s tm e n t g 4 s ....... T’ ly 1 9 9 5 Nov| 8 7 ......... 88
88
S t a m p e d .................J ’ly 1995 M-N
85 . . . . . . 85% J ’ n e ’07
B oston M e e t L ig h t 1st 6 s .l9 0 8 (M -S
C on sol 5 s ............................ 1 9 2 4 :M-S
110 F e b ’04
B oston db L o w e ll 4 s ........... 1910 j . j
101 S e p ’06
B oston * M ain e 4 *<2S .........1944 j . j
114 M a r’06
B oston T erm in a l 1st 3 %s. 1947 F-A
1 1 2 ^ Jan ’ 03
B u r * M o R iv -ex ‘3s........... 1918 J -J
105% J ’l y ’ 07
N o n -e x e m p t 6s .................1918 J .J
102 Sop ’05
S in k in g fu n d 4 s ............... 1910 j . j
99% O ct ’06
B u t t e * B o s to n 1st 6s ___ 1917 A-O
100 J ’ n e’ 01
Cedar R a p & M o R 1st 7 s .1916 M-N
123 *», N o v ’ 06
2d 7 s .....................................1909 j - D
111% J ’ l y ’06
C en t V en w t 1st g 4 s ..M a y l 9 2 0 q . f
83 Sep ’ 07
83
85
C B * Q Iow a D iv 1st 5 s . 1919 A-O
H103 T] 103
I o w a D iv 1st 4 s ............... 1919 A-O
98
98
D e b e n tu re 5 s .....................1913 M-N
T100%May’07
D e n v e r E x te n 4 s ............. 1922 F-A
97% I ’ ue’07
N eb ra sk a E x te n 4 s ........1927 M-N
102% J ’ n e’06
B * S W s f 4 s ...................1921 M-S
9 7 % M a y ’07
I llin o is D iv 3 % s .............. 1949 j . j
90% M ay’07
J o in t bond s Sec G-t N o rth e rn
Ohio j c R y * S tk Y d s 5s .1 9 1 5 J-J 101
101
101
C oll tr u s t r e fu n d in g K 4 s l9 4 0 A-O
90
90 Sep ’ 07
Ch M il * S t P D u b D 6s .. 1920 J - J
122 A p r ’06
Oh M * S t P W is V d iv 681920 J . J
126 F e b ’06
C h ic <fc N o M ic h 1 st g u 5s. 1931 M-N .......... 96% 97*2 J ’ly ’ 07
O hio & W M ich gen 5 s___ 1921 J -D
99 ......... 99
99
C o n cord & M o n t c o n s 4s .. 1920 J-D
99 M a r’ 07
C on n & P a ss R 1st g 4 s . ..1 9 4 8 A -0
112% J a n ’ 03
C u rren t R iv e r 1st 5 s ......... 1 9 2 7 1A-O ■
100
104 N o v ’OO
D e t G r R a p * W 1st 4 s . .. 19461 A -o i
89 M a r’07
D om in ion C oal 1st s f OS..1940IM -N
93 Aug*07
F itc h b u r g 6 s .........................190S|M-N
98 A p r '07
4 s .......................................... 1915 M-S
103 % A p i ’ 05
4 s .......................................... 192?|M-S
100 M ay’ 07
Freni t E lk & M o V 1st 6s . . 19331 A -O
128 Sep ’07
U n sta m p ed 1st 6s ............1933 A -O
140 A p r ’ Oft
G t N o r O B & Q c o ll tr 4s 1921 J -J
92 Sale
92
92
R e g is t e r e d 4 s .....................1921 Q-J
91% Sep ’ 07
91 * 4
Ra/npe
•>mce
January 1
F r id a y
Oct 4
Illin o is Steel d eben 5 s ___ 1910 J -J
N o n -c o n v e v td e b e n 5 s . ..1 9 1 3 A -0
l a F a ll s * S i o u x C i s t 7 s .. 1917 A -O
K an C C l i n * S p r 1 st 5 s . .. 1925 A -O
94%iioi% K a n C F t S * G u t f 1st 7 s ..1 9 0 8 J-D
K an C F t S co tt * M 6s ___ 1928 M-N
|H87% 92
85% 91% K an C M & B g e n 4 s ........... 1934 M-S
A s s e n te d in co m e 5 s ........1934 M-S
K an C * M R y * B r 1 st 5 s l9 2 9 A -O
M ain e C en t co n s 1st 7 s . ..1 9 1 2 A-O
C on s 1st 4 s ........................ 1912 A -0
M iiro H o u g h * O nt 1st 6s . 1925 A-O
105% 107% M e x ica n C en tral c o n s 4 s .. 1 9 1 1 1J - j
l s t c o n s in c 3 s ........... Jan 1939! J ’ ly
2d co n s m e 3 s ........... Jan 1939 J ’ lv
M ich T e l e p l s t 5 s .................1917 J- i
M m n e G en E le c c o n g 5s 1929 J - J
N e w E n g C ot Y a rn 5 s ___ 1929 F-A
N e w E n g T e le p h 6s ........... 1908 A-O
82% 90
5 s .......................................... 1915 A -0
17103 11103
5 s ............................................1916 A -0
98 100 4
.New E n g la n d c o n s g 5 s ... 1945 J -J
B o sto n T e r m 1st 4 s ........1939 A-O
97% 99%
N Y N H & H c o n deb 3 >*8105(5 J -J
97% *97% Old C o lo n y gold 4 s ............. 1924 F-A
90% 91 >a O re s R y * N a v c o n g 4 s . . l 9 4 0 J-D
O reg Sh L in e 1st g 6s ........1922 F-A
100 102% R e p u b V a lle y 1s t s f 6 s ...1 9 1 9 J -J
R u tland 1st co n ge n 4 % s .l9 4 1 J - J
90
95
R u tland -C anadian 1 st 4s 1949 J -J
S av an n ah E le c 1st c o n s 5s. 1952 J -J
Seattle E le c 1st g 5 s ......... 1930 F-A
97 % 100
T e r r e H a u te E le c g 5 s ___ 1929 J-J
99 102
T o r r in g to n 1st g 5 s ____ s..1918 M-S
99
99
U n io n P a c R R & 1 g r g 4 s . 1947 J - J
20 -y e a r co n v 4 s .................1927 J - J
U n ited F r u it co n v g e n 5 s . 1911 M -S
89
90
U S S teel C orp 10-60 y r 5 s . 1963 M-N
93 100
W est E n d S tr e e t R y 4 s ___ 1915 F-A
98
98
G o ld 4 % s ..............................1 914 M-S
G old d e b e n tu re 4 s ............1916 M-N
100 100
G old 4 s................................. 1917 F-A
128 128
W e s te rn T e le p h & T e l 5^. 1932 J -J
88*4 97% W is c o n s in C en t 1st g e n 481949 J - J
W is c o n s in V a lle y 1st 7 s ..1 9 0 9 J -J
90% 96
9 6 14 9 » %
79
9 0 14
T]81 H83
Hia
asic Low
.........
.........
99
99
/sU*“ jiiy/i.
98 M ay
100>2 Au&!
115 s e p
91% D ec
89 iiep
9.1 May
113% N o v
101 % Sep 1
118 M h\ 1
76% Sep 1
26% n ,; t ;
17% A ug'
9 8 " '9 8 %
100% li'O 4
114 lViO
984 ^'8%
97
122l<iNov
78
94%
" •
98% J ’lv
98
9
95%
190%
" 8 9 " * 9 2 '"
99 101
1176% 85%
102 % A u g ’ 04
94%
9 5 l4
100 M a r’o7
100% Jan ’ 07
94 4 100%
99% 100
100%100%
1100**11100%
.... .
N otii — B u y e r pays a ccru e d in te re s t in a d d itio n to th e p u rch a se p rice fo r a ll B o sto n B on ds.
113
90%
91
101 % Sep ’ 06
1102% Jan ’ 05
11121% M ar’ 06
102 A u g ’ 07
107 % N o v ’ 05
102 M ai ’ 02
9 8 % M a y ’06
98 Sep ’07
97 A p r ’07
99% N o v ’OO
99% J ’l y ’ 07
1187% Sep ’ 07
1 I 5 Sep ’ 07
1194% 1(94 V
100 4 J a n ’ 07
101% A p r ’ 07
102% Jan '0 6
99 Hi M ay’ 07
83>
83
11194% Sep ’ 05
109% A u g ’ 05
115
82
85
* N o p r ice F r i d a y ; la te st bid an d ask ed.
90% 106%
105
97
109% <1102
1187 4 1[87%
107 115
1)92% H99%
100 % 100 %
101 % 102
99 % 100%
83
99
1) F la t price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
S h a r e P r ic e s — N o t P e r C e n tu m P r ic e #
S a tu rd a y
S ept 2S
M onday
Sept 30
T u esd a y
Oct 1
W ednesday
Oct 2
88%
•11
88%
13
*11
13
‘ 11
*11%
12
*11%
12
* 1 1 % .....
47% 47 4
28% 29
S1Bi «
9
•47
29
9
48
2 9 14
9
*47
29%
9
47%
29%
9
6
84
58%
*5%
*82
53%
b
84
69 4
6
84
59%
59%859uio
40
•39
7%
18%
45%
*3 8
*38
50%
84%
7ai«
18 V
45%
40
40
50 4
85*4
47
29%
'8 %
47
29%
9
6
6
5%
82
83
82
82
59% 60
60
60%
%
%
%
7
59% 60
59*4 5%6
6 0 iie 60 >4
39
39
*38% 39 4 * 3 8 *4 3 8 14
7% a 7%
7%
7%
7%
7%
19
19
18% 19
19
19
45% 4ij%6
45% 46l5le
46% 47*4
•38
40
•38
40
*38
40
*38
40 • *38
40
*38
40
50% 51
50% 50%
61
51
*S 4
84%
84
84%
84% 84%
25
25
P H II^ A D E L P H I A
B id
In a c t iv e S to c k *
A lleg h en y V a i p r o f ___ 5(:
A m erica n C em en t........50
A m er P ip e M fg ......... 100
B ell T e le p h o n e ............. 60
514
Uam bria I r o n ................. 60
434
C en tral C oal & C ok e . 100
D onsol T r a c o f N J".. .100
65 4
D iam ond S ta te S t e e l .. 10
P r e f e r r e d .....................10
E a ston C on E le c t r ic 0.50
E lec S tora g e B a tt___ 100
P r e f e r r e d ...................100
F t W a y n e & W V ........100
a e r m a n to w n P a ss ........50
Indian ap olis S t ........... 100!
Indian a U n ion T r ___ 100:
In su ra n ce C o o f N A . . 10
20
In te r S m P o w & Clieiu.50,
K e y s to n e T e le p h o n e ..5 0
P r e f e r r e d .................... 60
25
K eyston eW a tcliC ase.lO O
Lit B r o t h e r s ...................10
"1 4 4
L ittle S c h u y lk ill........... 50
M in e h il l * S ch u y l H ..5 0
N H a v e n I r o n & S t e e l.5
N orth ern C e n tr a l......... 50
884
N orth P e n n s y lv a n ia ..5 0
98
P en n sylva n ia S a lt........50 102
P en n sylva n ia S t e e l.. 100
P r e f e r r e d ...................100
Pliila C o (P itts ) p r o f ...5 0
404
Phil G erm an & N o r r i s .50
Phila T r a c t io n ............... 50
87
R ailw ays G e n e r a l........10
Busqueh Ir o n * S t e e l ..5
L’id e w a te r S te e l........... 10
P r e f e r r e d ...... ..............10
Tonopah M in in g o f N e v l
9%
tJnion T r o f I n d ......... 100
U nited N J R R * O .. 100 237%
’J n it T r a c P itts p r e f .. 50
i V a r w ic k l r o n * S te e l. 10
6%
IVest J e r s e y * S ea s.h .5 0
W estm oreland C oa l....5 0
tVilkes G as & E le o .,1 0 0
A sk
13
•47
47%
29
29
8 i » ls 8i% e
3
3
............19
5% 5%
*81
82
59% 60
5 9 % ..59%
38 4 ..3 8 4
7»18..7*18
18% ..19
46% ..47
•38......40
'3 8 ......40
•50% ..5 1 4
8 4 ......84%
............25
89
13
30
11%
B a ltim o re
Con. G as E L L . & P o w .1 0 0
D o p r e f.....................100
6 N o rth e rn C e n tr a l.......... 50
S eaboard ( n e w ) ...............100
D o 2d p r e f............. 100
550 U n ited R y * E le c t r ic .. 60
Ph ilad elphia
*46
47
20 A m e rica n R a il w a y s .... 50
•29
29% 1,220 C am bria S t e e l ................. 50
9
484 E le c t r ic Co o f A m e r ic a 10
8 1Bie
*4
6
100 G en A s p h a lt tr e t i s ___ 100
*17
19
D o p re f tr c t f s ___ 100
5% "i*3*i L ake S u p e rio r C o r p ___ 100
5%
219 L e h ig h C & N a v tr c tfs . 50
*81% 83
60% 60% 4,785 L e h ig h V a lle y ................. 50
800 M a r s d e n C o ...................... 100
16ie
59l %o 59% 2,772 P e n n s y lv a n ia R R .......... 50
38 “a 38%
128 P h lladeIp’a O o (P it t 8 b ). 50
7% 2,424 P h iladelph ia E le c t r ic * . 25
7°18
19% 19>* 3,825 Plitla R a p id T r a n s it d .. 50
46% 471 54,878 R ea d in g . . . 1 ..................... 50
•38
10
D o 1 s t p r e f............. 50
40
i ) o 2 d p i e l ............... 50
•38
52
•ol
355 U n io n T r a c t o n ............... 50
84
84% 4,965 U n ited G as I m p t ........... 50
*25
200 W e lsb a ch C o ...................100
27
P H IL A D E L P H IA
B onds
A1 V a i E e x t 7s 191 0 A - 0
35% A l t & L V E le c * 4 s ’ 3 3 .F -A
A m R y s c o n v S s 1 0 1 1 .J-D
62*’ A t l C ity 1 s t 5s g ’ 1 9 .M -N
B alls T e r 1st 5 s 1 92 6. J-D
B e r g * E B r w 1st 6s’ 21 J-J
B eth le S teel 6s 1 9 9 8 .Q -F
C h oc & M e 1st 5s 1949 J J
Ch O k & G g e n 5s ’ 19 J-J
C ol S t B y 1st c o n 5s 1932
4 4 4 C on T r a c o f N J 1st 5 s .’ 33
E & A 1st M 5s 1920 M -N
E le c & P e o T r stk t r c tfs
E q II G a s - L l s t g 5 s 1928
H * B T o p c o n 5 s ’ 25 A - 0
In d ia n a p o lis R y 4 s . 1933
20 4 In te r s ta te 4s 1943 ..F - A
10
L e h ig h N a v 4% s ’ 14.Q -J
R R s 4s g ........1 9 1 4 .Q -F
G e n M 4% s g . 1 9 2 4 .Q -F
L e h V C 1st 5s g ’ 3 3 . -J-J
16
L o h V e x t 4s 1st 194 8. J-D
56 4
2d 7s 1 9 1 0 .................M -S
C o n s o le s 1 9 2 3 ........J-D
A n n u ity 6 s ............... J -D
G e n c o n s 4s 2 0 0 3 .M -N
L e h V T ra n c o n 4 s ’&6J-D
N e w C o n G a s 5 e 1948 J-D
62
N e w a r k P a ss co n 5s 1930
N Y P h * N o 1st 4 s ’ 39 J-J
4 l"
I n c o m e 4s 1 9 3 9 ...M -N
N o O h io T r a c c o n 5 s ’ 19,J-J
87 % P e n n g e n 6s r 1 9 1 0 .. V a r
C on sol 5s r 1 9 1 9 .. .V a r
P e n n & M d S teel c o n 6s.
P a * N Y Can 5s ’3 9 .A - 0
Con 4s 19 3 9 ............. A -0
9% P e n n S te e l I s t S s ’ 17 M -N
P e o p le ’ s T r tr ce rts 4s ’ 43
P C o 1 s t * co l tr 6s’ 4fi M-S
45
C o n * c o l tr 6s 1951M -N
P h il E le c g o ld t r u s t c t tt .
7
63
T r u s t c e r tifs 4 s ...............
P * E g e a M 6 g ’ 2 0 . A -0
G e n M 4s g 1920..A<£r0
*6*0%
* B id and asked; n o sales on th is <l»y. H E x -rig h ts.
*88
•11%
*25
11%
B id
A sk
114
1014 io s
io i‘%
91
105*4
56
101%
1 0 6 4 107
101%
94
60
R an ge lo r Y ear
lUU?
Sales
A C T IV E S T O C K S
o ) the
W eek ( F o r B o n d s a n d In a c tiv e
S tocks see b elo w )
Shares
F r id a y
Oct 4
T h u rsd a y
Oct 3
118
146
95
65
10T
103%
"97*
95%
101%
9 * 4 95 ‘
974
«0%J 67
111%
B id
P H IL A D E L P H IA
Low est
33 % J a n 15
89 M ay29
86 M a r i 4
J 3 J ’ly 8
28 J ’ne27
1 0 % M a rl2
H ig h es t
35 Jan 9
85 Jan 10
97 J a n 26
2 3 '4 .Jan '1
48 J a n 7
15 J ’ne27
Range lor P rev iou s
Y ear (1 X 0 6 )
H igh est
Low est
35%
80
97
22
48
13
D ec 41 J ’118
Dot 90 J’u e
JT y 1 1 1 >4 D e c
D ec 32 J an
Dec 62 % Jan
D e c 19 J an
46 4 S ep 12 51 Jan o 50% Sep
28 A u g 13 4 7 4 . ran 24 30% Jan
May
8^^ie AU{.;12 11% Jan 14 i l
3 O et 3
6 N ov
8 J an 25
19 M a y 2 1 36 J an 25 31 D ec
5% O ct 4 16 J an 8 14% N ov
78 .\larl4 193 Jan 7 19U D e c
52 :,4 A u g I b 78% Jan 5 65 May
% Sep 12
2% Jan 7
O ct
57916 A u g l5 7 0 iii8 Jan 8 61% J ’ ly
38 S ep 14 48 Jan 4 47 A p r
6 % D ec
7 4 M ar 14
9 Apr 4
514% Sep 6 i 26% May 6 c l 9*4 D ec
■I'.P'ig A u g 15 69% J an V 5 6 ^ May
40 May 2 4 45% J a n 14 43% A p r
36% A u g l5 47 J an 14 44% May
44 Sep 12 60% ■
j an 22
5S% Dec
80 4 M a rl 4 96 % Jan 0 1181 4 May
25 M ay24 30 F e b 18 25 D e c
A sk
B A L T IM O R E
54 J a n
39% N ov
12% N ov
14 J a n
48 J a n
23% Jan
118 J a n
86 J ’ ne
3 15ie J a n
73u ie Jan
« 5 4 ^ M ar
9% 6 O ct
{ 3 4 x4 J an
83 J an
471Bie J a n
51 J an
65 A u g
101 Feb
32 M ar
B id
Asic
P h & R e a d 2d 5s ’ 3 3 .A -O
C on M 7s 1 9 1 1 ........J-D
C on M 6s g 1 9 1 1 ....J -D
E x Im p M 4s g ’ 4 7 .A -O
T e rm in a l 5 s g 194 1. Q -F
P W & B co l t r 4s ’ 2 1 . J-J
P o rtla n d R y 1st 6s 1930.
R o ch R y * L c o n 5s ’ 54J-J
U T r a c I n d g e n 6 s ’ 19.J -J
U n R y s T r c t fs 4 s ’ 4 9 J * J
U n ite d R y s I n v 1st c o ll tr
s f 6s 1 9 2 6 .................M -N
U T r a c P it g e n 5s ’ 97 J-J
W e lsb a c h s f 6s 1 9 3 0 .J-D
W lk s -B G & E c o n 5 s ’65J-J
B A L T IM O R E
I n a c t iv e S l o c k s
A la C on s C o a l* I r o n . 100
P r e f ..............................100
A tla n ta & C h a r lo tte .. 100
A t ia n C oast L in e R R .1O 0
A tla n C oast L (C o n n ) 100
C a n ton C o .....................100
C on s C o t D u c k C o r p . . . 56
P r e f e r r e d .....................60
G e o rg ia S o u * F l a . .. 100
1st p r e f ...................... 100
2 d p r e f........................ 100
G -B -S B r e w in g ............lOO’
Chas R y G & E l 5s ’ 99 M -S
90
108% 109*4 Chari C & A e x t 6 s .’09 J-J 101
103
105
2d 7 s ................. 1910 A -O 102%
C i t y * S ub l s t 5 s . . ’ 22 J-D 10 8 ^ 110
115
C i t y * S u b (W a s ) l s t 5 s ’48 100
102
97% 98
Coal * I R y 1st 5 s ’ 2 0 F -A
C o l& G r n v 1 st 6S.1916 J-J 108
109
C on sol G as 6 s . ..1 9 1 0 J -D 102% 103%
95%
107% 108%
5 s ........................ 1939 J-D
77%
G a * A la 1st co n 5s ’ 45 J-J' 100
102
103
G a Oar & N 1 st 5s g ’ 29 J-J 101
71% 72
G e o r g ia P l s t 6 s . . . ’ 22 J-J 1 12% 113%
G a S o * F la 1st os 1945J-J 105
106
” 69%
45
G -B -S B r e w 3-4s 1 9 5 IM -S
45 '4
2d in c o m e 5s 1951 M -N
13% 19
K n o x v T r a c 1st 5s ’ 2 8 A -0
100%
L a k e R E l 1st g u 5 s ’42M -S 108 4
M em p h is S t 1st 5 s ’ 45 J-J
109
M e t S t (W a s h )ls t 6 s ’2 5 F A 105
M t V e r C ot D u c k 1st 5s.
76% 77
N p t N * 0 P l s t o s ’ 38 M -N;
80
82
G e n e ra l 5s___ 1941 M -S
80
N o rfo lk St 1st 5 s ’4 4 ..J -J 102 4
"85 " T o "
N o rth C en t 4% s 1926 A - 0 102%
11
S eries A 5s 1 9 2 6 ....J - J 108
27% 30
S eries B 5s 1 9 2 6 ___ J-J 108
20
103 4
90
"96* P itt U n T r a c 5s 1 9 9 7 . J-J 100
P o to V a i 1 s t 5s 1 9 4 1 .. J-J
70
2% " 4 . S av F l a * W e s t o s ’34 A -0 103
S e a b o a r d A L 4 s 1950 A - 0
08
69
S cab &> R « a n 5s 1 92 6. J-J 103
B onds
A n a c o s tia * P o t 5 s ...........
99% 100% S ou th B o u n d 1 s t 5 s ..A -O 100
102%
A t l & Ch 1st 7 ...1 9 0 7 J-J
UE1 L & P l s t 4 % s ’ 29 M -N
85
90
U n R y & E l 1st 4s ’ 49 M -S
A t la n C L R R 4 s l9 5 2 M -S
89
83% 84
88
50
50%
A t l Coast L (C t)c tf8 5s J-D 1©0
In c o m e 4s 1 9 4 9 ........J-D
C tfs o f in d e b t 4 s ___ J-J
75
F u n d in g 5s 1 9 3 6 ...J -D
7 7 aj 78%
75
5-20 y r 4s 1 9 2 5 ..........J-J
V ir g in ia M id la n d —
B a lt C P ftss 1 s t 5s ’ 11 M -N 102
2d se rie s 6s 1 9 1 1 ...M -S 1 0 2 4
3d s e rie s 6s 1 9 1 6 ..M -S 103
B a lt F u n d g 5 s .1916 M -N 197
108
4th ser 3-4-58 1 92 1. M -S 10S
E x ch a n g e 3 %s 1930 J-J
93
94
5th se rie s 5s 1 9 2 6 .M -S 102% 105
B a l t * P 1st « s m i ’ l l A - 0
67
89
B a lt T r a c 1 s t 5 s . . ’ 29 M -N 1 ib e % i
V a (S tate) 3s n e w ’ 32.J-J
S8
90
N o BaJt D iv 5s 1 9 4 2 J J ) 110
F u n d d e b t2 -8 s 1991 .J-J
W e s t N C c o a 6 s l 9 1 4 J-J 103
104
C eatfl t t y c o n 5 s lft 3 2 M -N 108
W o s V a C & i’ 1st 6 g ’ l l J-J 108
E x t * Im p 5 s .l9 $ 2 M ^ S 107
103*
Chas C ity R y 1 s t 5 s ’ 23 J jr 100
W il * W e ld 5 s ..ia K 6 .J «J 109*4 110%
||$7.50 paid, t 310 p aid, t $ 1 0 paid, i *35 paid,
%
a R e ce ip ts . S $25 paid,
c ¥30 paid,
d $ 42 % paid.
♦
THE CHRONICLE.
Volume of Business at
Mnck Excaan^es
TRAN SACTIO N S A T TH E NEW Y O R K STOCK E X C H A N G E
D A IL Y , W E E K L Y AN D Y E A R L Y .
Stocks
Week ending
Oct. 4 1907
Saturday ____________
Monday - . ___________
Tuesday_____________
W ednesday__________
Thursday____________
F rid a y___________ - __
Shares
i Pax value
383,480, $34,970,500
594,404
54,525,150
504,7641 46,226,650
443,205
39,353,000
534,4441 48,699,400
262,446! 24,086,100
RaUroad,
&c..
Bonds
$703,000
1,160,0001
1,147,500!
1,113,000!
875,200'
831,500
State
Bonds
$235,000
264.500
424,600
155.500
301.500
370,000
V . S.
Bonds
T e le g r & T e le p h o n e
e A m er T e le g & C able .1 0 0
eC en tral & S o A m e r . -1 0 0
C o m m ’l U n T e l ( N Y ) . 25
E m p & B a y S tate T e l 100
F r a n k l i n -------------------- 100
eG o ld & S to c k T el eg- .1 0 0
H u dson R iv e r T elep h 100
eN Y & N J T e l e p h .. . 1 0 0
e N o rtb w e s te m T e l e g - .5 0
P a cific & A t la n t ic ______25
Sou th ern & A t l a n t l c -,2 5
[V
Bid
75
100
108
75
45
100
58
100
105
65
93
Ask
90
120
__
__
55
110
62
110
112
75
100
$3,000
4,000
ol.
kxxxv
Industrial and M iscel
C on sol R u b b e r T i r e . .1 0 0
P r e f e r r e d ___ ______ 100
D eben tu re 4s 1 9 5 1 A & 0
Cons Steam sh ip L ines 100
C oll tr 4s 195 7 ___ J& J
Cons S torage B a tt’ y . . l 0 0
Corn P ro d R e f See S to c k
eCruclble S te e l_____ 100
e P r e fe r r e d _________ 100
e D iam on d M atch C o .1 0 0
D o m in io n C o p p e r(n e w ) 10
D ou gla s C o p p e r________ 5
E c o n ’y L t & P (J o lie t, 111)
1st M s f g 5s 1 9 5 6 .J -D
E lectric B o a t ________ 100
Preferred _________ 100
E lectric V e h ic le ______100
P referred _________ 100
Em pire S te e l_________ 100
P referred _________ 100
eF ed eral Sugar o f N Y 100
ePreferred
. . 100
cG en eral C h e m ica l___ 100
e P r e fe r r e d _________ 100
G old H ill C o p p e r _______ 1
G reene C a n a n e a_______20
Greene Con C o p p e r____ 10
Greene C on sol G o ld ___ 10
G reene G o ld -S ilv e r____ 10
G u ggen h eim E x p lo r ’ n 100
e H a ck e n sa ck W a te r Co
R e f g 4s ’ 52 o p ’ 1 2 . . J-J
H all S ign al C o ________ 100
H a va n a T o b a c c o C o . . 100
P r e fe r r e d ___________ 100
1st g 5s Jun e 1 ’2 2 . J -D
H eck e r-J o n e s-J e w e ll Mil.
1st 6s 19 2 2________ M -S
H e r’ g -H a ll-M a r, n e w . 100
H o b o k e n L a n d & Im plO O
e5s 1 9 1 0 ___________ M -N
H ou ston O il_________ 100
P referred _________ 100
H udson R e a lt y _______ 100
e ln g e r s o ll-R a n d c o m . 100
.
A sk
Bid
5
3
10
18
20
30
212 2*4
23I4 23*4
8
11
E x c list
6l-> 7
63I2
60
1L3 124
23j
3
6h
<12
F erry C om p a n ies
§98 100
2
20
30
1
11,000 B r o o k ly n F erry s to c k 100
80
§95 101
85
B & N Y 1st 6s 1911 J-J
10,000
72
62
2
8
N Y & E R F erry s tk .1 0 0
10
75
65
1st 5s 19 2 2 _______ M -N
' 3
7
11
N Y & H o b 5s Vfay'46 J -D §97 100
60
50
H o b F y 1st 5 s l9 4 6 M -N §100
Jan. 1 to Oct. 4
Week ending Oct. 4
Sales at
N Y & N J 2d 5s 1 9 4 6 ..J -J §97
New York Stack
30
40
10th
&
23d
Sts
F
e
r
r
y
.100
1906
1907
|
1906
1907
Exchange
60
70
75
1st m tg e 5s 1 9 1 9 ..J - D §65
96 100
26
30
eU n lon F e rry s t o c k . . 100
228,03b,148
Stocks— No. shares___
6,089,528
158,535,906
2,722,803
85
90
e l s t 5s 1920_______ M -N
1*8
1>4
Par v a lu e __________ $247,860,800 $516,297,750 $13,692,353,775 $20,082,482,150
*8
8'g
$404,600
$236,500
Bank shares, par_____
$6,500
$7,500
Short-Term Notes
Bonds
*1
Us
$1,520,500 A m CIg ser A 4s ’ 1 1 ..M - S §89
$28,000
$565,300
Government bonds___
$5,500
*34
91
7a
56,761,050
46,151,800
1,751,100
727,500
State b o n d s __________
§85
87
180 200
Ser
B
4s
M
ch
15
’
12M
S
483,392,800 A m T e l & T e l g 5s '1 0 J-J
286,898,400
11,897,000
R R . and misc. b o n d s..
5,830,200
§96'2 9678
92
§87
A tlan Coast L 5s * 1 0 .M -S §905g 97
$541,674,350 Ches & O h io 6s J ’e 28 ’08 §99=8
$7,609,300 $12,630,000|
$333,615,500
Total b o n d s _______
5212
997s
* 8 * 11
6s, J u ly 1 1 9 1 0 ____ J-J §99ig 9912
D A IL Y TRAN SACTIONS A T TH E BO STON AN D P H IL A D E L P H IA
14
18
Ch R I & P a c 4 S^s ’0 8A -O §9812 9914
EXCHANGES
9838
55
65.
C h ic & W In d 5s ’ 1 0 .F & A §98
80
72
Cin H a m & D 4 H s ’ 08 M -S
100 103
C C C & St L 5 b , June ’ 11 §977g 981a
Philadelphia
40
45
Erie 6s, A p r 8 1908_______ §96
9612
Week ending
200
In te r b R T ? 4 s 1908 M -N §965g 9758
Unlisted
Bond
Listed Unlisted
Bond
Listed
Oct. 4 1907
§99
5s M ch 19 1 0 ............M -S
§9212 9312
shares
shares
sales
sales
shares
shares
9434
4
8
K an C S o g 5s A p r ’ 1 2 . J-J §92
25
35
L a ck Steel g 5s 19 0 9 .M -S §9434 9512
12,880
7,872
14,600
10,000
Saturday______
17,6401
7,909
120 135
92
5s g 1910
. - - . M -S §91
15,400 L ake Sh & M S o 5s’ 10 F -A
M onday_______
16,000
6,058
21,653:
15,312
19,707
48
9878
22,700 L ou & N ash g 5s ’ 1 0 .M -S §98*8
15,762
34.000
6,327
10,513
T u esd a y ____ __
16,778
92
87
§9814 981*
2,871
31,000 M ich C en t 5s 1 9 1 0 . F- A §9758
W ednesday____
11,759
14,080
13,828
25.000
In t e m a t ’ l B a n k ’ g C o .1 0 0 125 135
9778
18,080 M inn & S t L g 5s ’ 1 1 . F -A §95 ' 97
15,385
3,296
T h u rsd a y_____
17,007:
15,643
34.000
I n t ’n l M er M ar S ee Stk
E x c list
102,000 M o P a c 5s F e b 10 ’ 08 F -A §987g 9912 I n te m a t’ l N ic k e l____ 100
2,693
10,972
Friday,________
8,391
23.000
10,751
90 100
80
§99?8 lOOlg
85
N a t o t M ex 5s '0 7 o p t A - 0
Total.
142,000
29.117:
203,760 N Y Cent 5s 19 1 0 ____ F -A §98*8 99
98,130
71,596
86,244
I n te rn a tio n a l S aK ___ 100
12
15
1st g 5s, 195 1______A-O
50
55
P enn C o gu 4 H s 1907M -N §997g lOOlg
8
Pa R R 5s M ch 15 '1 0 M -S §975g 97'8 I n te rn a t’ l .Silver______100
5
P referred _________ 100
60
65
S tL M S ’ east 4 ^ 8 ’ 0 9 . J -D §937g 943g
1st 6s 1 94 8............ . J - D
104 107
St L & S F e 4 J4s '0 8 . J -D §9512 961g
L a ck a w a n n a S te e l___ 100
44
38
S o u th ’n c o l l t r 5s ’ 0 9 . A -O §94
96
A weekly review of Outside Market will be 1ound on a preceding page.
L a n ston M o n o t y p e — 20 *111, 121*
90
S ou th R y g 5 s 1 9 1 0 .. F - A §89
U S R u b b e r g 5s ’ 0 8 . M -S §9878 9914 L a w y e rs’ M tge C o ____ 100 188 192
Street Railways
Street Railways
Bid Ask W a b a sh 5s, M ay 10 1909 §9334 943g eLeh & W ilk es- B C oal 50
Bid Ask
52
70
L o rd & T a y lo r _______ 100 125 135
P u b Serv C orp N J (Con)
N ew Y ork C ity '
W e stln g h E l& M 6s 1910 §9934 100
80
J C H o b & P a te r s n .1 0 0
P referred _______ .1 0 0
90 100
B leeck S t & Ful F s tk .1 0 0
23
28
W h e e l’ l & L E 5s ’ 0 8 . F -A §90
96*4
63
80
62
eL orlllard ( P ) , p r e f-.lO O 125 150
e 1st m tge 4s 1 9 5 0 .J-J
85
4s g 194 9.............M -N
108 114
M ack ay C o m p a n ie s— S ee Stk E x lls t
S o J Gas E1& T r a c .lO O
e B ’ y & 7th A v e s t k __100 195 210
Railroad
2212
M adison Sq G a rd e n - .1 0 0
15
Gu g 5s 1 9 5 3 . . . M -S §95
97
e 2d m tg e 5s 1 9 1 4 .. J-J
98 104
90
N o H u d C o R y 6 s ’ 14 J-J §103
2d 6s 1 91 9________ M -N
75
C on 5s 1943 See S to ck E x c list
C h ic P e o & St L p r e f.1 0 0
2
eM anhat B ea ch C o ___ 100
6
5s 192 8 ___________ J-J §100 104
D e p o s ite d s t o c k _______
B ’w a y S u rf 1st 5s gu 1924 100 105
4
E x t 5s 1 92 4____ M -N §100 102
M anhattan T r a n s it ____ 20
*37g
e C en t’ l C rosst’n s t k . . 100 200 260
U n d e p o slte d s t o c k ____
P a t C ity con 6s * 3 1 .J -D §105 112
M ex N at C on stru e p f_ 1 0 0
17
e 1st m tge 6s 1 9 2 2 .M-N 105 115
P rio r lien g4 H s ’ 30M &S
13
90"
M itchell M in in g _______ 10
0 Cen P k N & K R stk 100 140 160
2d 6 s . .1 9 1 4 o p t A - 0 §100 . . . .
Con m t g g 5s 1 9 3 0 .J& J
55
*1*8
1>2
M on on g ah ela R C o a l..5 0 * -----So Side El (Chic)
See Ch lca g o list
8
In co m e 5s, J u ly 1 9 3 0 ..
e C h r’ t ’r & 10th S t stk 100 130 150
3
P referred ___________ 50 *271- 28
S y ra cu se R T 5s ’ 4 6 .M & S §98 100
C ol & 9 th A v e 5s See S to ck E x c list
C h ic S u b w a y _________ 100
I 7I4 1734
M ortg age B o n d C o ___ 100
90 100
89
93
T re n t P & H 5s 1 9 4 3 .J-D § . . . . 100
D ry D E B & B—
F t W & Den C y s t d - - 1 0 0
N at B ank o f C u b a ___ 100
97 101
U n ite d R y s o f S t L—
G t N o rth ’n O r e - S e e Stk E x c list
97 104
e 1st g old 5s 1 9 3 2 ..J -D
N ation a l S u r e t y ____ 100 155 170
2 0 l2 22
80
90
C om v o t tr c t fs ____ 100
N Y N H & H a r tfo r d e S crip 5s 191 4____ F -A
*934
N e v a d a C o n s’d C o p p e r .5
5878 59
E igh th A v en u e s t o c k . 100 300 350
e P r e f e r r e d ________ 100
Con d e b 3148 1956 J& J § 90
91
9?8
N e v -U ta h Min & S m . . l 0
*27g 3
Gen 4s 1 9 3 4 ..S e e S to ck E x c list
95 105
e Scrip 6s 191 4____ F -A
N o rth ’n Secu rities S t u b s . 100 125
eN ew C en tral C o a l____ 20
30
40
34
U n ltR y s San F ran S ee Stk E x c list
P itts B ess & L E _______ 50 +28
e 42d & Gr St F ’ y s tk .1 0 0 320 345
N J T er D o ck & I m p . 100
34
35!2
50
75
W ash R y & El C o ____ 100
42d St M & St N A v e .1 0 0
73
P referred ___________ 50 *68
N Y B iscu it 6s 1 9 1 1 .M -S 100
72
75
P referred . . . . ____ 100
e 1st m tg e 6s 1 9 1 0 .M -S §96 10112
e R a llro a d Secu rities C o—
N Y M tge & S e cu rity .1 0 0 175 1*9*0
80
79
2d Incom e 6s 1 9 1 5 .J-J
68
73
4s 195 1____________ J -D
85
111 C stk tr cfs ser A '52
32
eN ew Y o r k D o c k ____ 100
e W e st C h ica g o S t ___ 100
28
25
35
In ter-M et— See S tk E x ch a n ge list
Seab oard C o m p a n y —
e P r e fe r r e d _________ 100
e C on g 5s 1936___ M -N
71
81
L e x A v & P a v F 5s S ee Stk E x o list
1st p re fe rr e d _______ 100
5012 54
N Y T r a n s p o rta tio n ___ 20
*2
3
M e tro p o l St R y — See Stk E x c list
C om & 2d p r e f-S e e B a lt E x c list
G as Securities
N iles-B ern -P on d c o m . 100
N in th A v en u e s t o c k . . 100 140 160
95 105
S ea b oa rd A ir L in e—
*634 7
N ew Y ork
N lpisslng M in es-------------5
S econ d A v en u e s t o c k . 100 145 160
C oll 5s e x t M ay ’ 11 M -S
96
C en t U n G a s 5s g ’ 27_J'& J §93
97
e O n tarlo S liv e r _______ 100
2
e 1st m tg e 5s 1 9 0 9 .M -N §90 100
312
O tis E le v a to r c o m ___ 100
Con G as (N Y ) — See Stk E x c l.st
32
C on sol 58 1948____ F -A §92 102
27
Industrial and M iscel
e M utual G as___ ______ 100 100 160
P referred _________ 100
90
e S ixth A v en u e s t o c k . 100 115 135
80
P ittsb u rgh B rew in g ___ 50 *26! 2 27
N ew A m ste rd a m G as—
Sou B ou lev 5s 1 9 4 5 ..J -J §100 104
A h m e e k M in in g -----------25
70
1st co n so l 5s 1 9 4 8 . . J-J §80
88 A llia n ce R e a lt y -----------100 110 120
P referred ___________ 50 *4714 47*4
S o F er 1st 5s 1 9 1 9 .. . A - O §97
P ittsb u rg h C o a l-S e e Stk E x c list
N Y & E R G a s 1st 5s’ 44 J-J §95 100
A llls-C h alm ers C o 1st m tg
T h ird A v e n u e — See S to c k E x c list
C on sol 5s 194 5______J-J §90 100
P o p e M a n u fa c tu r in g . 100
T a rry W P & M 5s 1928 §95 100
s f 5s ’ 36 o p t '1 6 ___ J-J §59
61
1*
>8
32
1st p re fe rr e d _______ 100
N Y & R ic h m o n d Gas 100
36
30
Y k e rs S tR R S s 1946 A-O §9H2 95
A m erica n B o o k -----------100 150 160
10
N or Un 1st 5s 1 9 2 7 ..M -N §90
2d p re fe rr e d _______ 100
2
28th & 29th Sts 1st 5s ’ 96 §100 103
9712 A m e rica n B rass_____ 100 115 120
e S ta n d a rd G as c o m . . 100
P ra tt & W hltn p r e f .,1 0 0
70 100
e A m erica n C a n -S e e S to ck E x c list
95 101
e T w e n ty -T h ir d St stk 100 325 350
e P r e f e r r e d ________ 100 100 125
R e a lty A sso c (B k ly n ) 100 132 138
A m e rica n C h icle C o — 100 160 170
U n ion R y 1st 5s 1942 F -A §100 106
1st 5s 193 0............ .M - N §100 105
R o y a l Bak P o w d pref 100
95 100
W e s tch e s t 1st 5s ’43 J-J §95 102
P referred _________ 100
85
90
Other C ities
A m G ra p h o p h o n e co m 100
S a fe ty Car H eat & L t .1 0 0 120 130
B rooklyn
45
50
. . . . 60
A m e r L ig h t & T r a c t . 100
88
90
75
80
P referred
________ 100
A tla n A v e 5s 190 9___ A-O §95 100
400 440
82
P referred __________100
Con 5s g 193 1______A -O §97 100 •
84
A m e r H a r d w a re ______100 119 125
B a y S tate G a s _______ .5 0
S tan d ard C o rd a g e — 100
112 3
B B & W E 5s 1 9 3 3 .. A - 0
95 100
95
98
h
h A m M a ltln g 6s 1 9 1 4 .. J - D
32
3li
1st M g 5s ’ 31 r e d .A - O
B in g h ’n Gas 5s '3 8 . A & O §95 100
A m e r P ress A s s o c ’n — 100
B r o o k ly n C ity s t o c k ___ 10 185 190
95 100
A d ju s t M 5s A p r 1 1931
5
Z312
B ro o k ly n U nion G as d eb
A m S od a F o u n t c o m . 100
Con 5s— See Stk E x ch E x c list
h
1
40
50
6s 1909 c o n v 1 9 0 7 .M -S 100 105
S tan d ard C ou p ler com lO O
95 100
1st p r e fe rr e d _______ 100
B k ln C rosst’n 5s 1 9 0 8 .J-J
20
B u ffalo C ity G as stocklO O
5
Preferred _________ 100 100 120
B k n H gts 1st 5s 1941 A O
90 100
8
2d p re fe rr e d _______ 100
5
4
S ta n d a rd M illin g C o .-lO O
1st 5s 1947— See S to ck E x c list
8
B k ln Q C o & S u b See Stk E x c list
A m St F o u n d 6s ’ 35 A & O §89
92
27
30
Con G as o f N J 5s '3 6 . J-J §87
P referred _________ 100
A m e rica n S u r e ty ---------50 180 190
B k ly n R a p T r a n — See Stk E x c list
93
77
80
A m erica n T h re a d p r e f _ .5
*334
4l2
150
C on su m ers' L H & P o w —
e C on ey Isl & B k l y n . . 100
S ta n d a rd O il o f N J ..1 0 O 445 450
75
5s 1938____________ J -D §100
A m T o b a c (new ) c o .n .1 0 0 225 235
1st con s g 4s 1 9 4 8 ..J -J
85
S w ift & C o -S e e B o st Stk E x c list
E lizabeth Gas L t C o . . 100 275
A m e r T y p e fd e r s c o m . 1 00
Brk C & N 5s 1 9 3 9 .J-J
95 105
35
39
1st 5s 1 9 1 0 -1 9 1 4 ...J -J § 99 101
E ssex & H udson G a s . 100 110 114
P referred __________100
90
G r’ p t& L o r S t 1st 6S .M & N 102 . . . .
05
e T e x a s & P a cific C o a l. 100
75
F o rt W a y n e 6s 1 9 2 5 .. J-J
30
A m e r W r itin g P a p e r .100
K in g s C El 4s— See S to ck E x c list
40
2
85
1
___
1st 6s 190 8 ............... A -O §104
Gas & El Bergen C o . . 100
N assau E lec p r e f____ 100
50
54
60
65
P referred _________ 100
15
18
T itle Ins C o o f N Y -----100 150 160
e Gr R a p G 1st 5s ’ 1 5 . F-A §95
100
1st s f g 5s'19 o p ’ 09_J-J
5s 194 4____________ A-O
99
79
81
T o n o p a h Min (N e v a d a ) . 1 *934 10
H udson C o G as_______ 100
1st 4s 1951— See S to ck E x c list
94
97
B a rn ey & S m ith C a r .100
*56
T ren ton P otteries com lOO
In d ia n a N at & 111 G as—
N W ’ b g & F la t 1st e x 4J^s
95
P referred — •-------------100 125* 140
15
1st 6s 1 9 0 8 . . .......... M -N
S tein w a y 1st 6s 1 9 2 2 .J-J § 95 105
10 20 e B cth i'm S teel C o rp __100 11 1412 P re fe rre d , n e w ____ 100 8*0** 90
T r o w D ir e c t o r y _______ l o o
In d ian ap olis G a s . . .5 0
50
Other C ities
55
e P r e fe r r e d __________100
35
36
45
57
U nion T y p e w r ite r co m 100
1st g 5s 195 2.............A - 0 §90
98
Bliss C o m p a n y c o m __50
75
80
B u ffa lo Street R y —
125 135
1st p re fe rr e d _______ 100 105 110
Jack son G as 5s g ’ 3 7 . A -O §94
P referred ___________ 50 125 135
1st con sol 5s 1931__F -A §102 105
99
2d p re fe rr e d ________ 100 105 110
K an sas C ity G as______100
D e b 6s 191 7_______ A-O §103
50
B on d & M tge G u a r___ 100 320 335
U n ite d Bk N ote C o r p . . 50 *50
90 |B o rd e n ’ s C on d M il k ..1 0 0 150 160
e L a clede G as________ 100 n . .
55
C h ica go C ity R y — See Ch ic a g o list
P referred _________ 50
e P r e f e r r e d ________ 100 n 75 100
P referred __________100 105 107
C olu m b u s (O) St R y .1 0 0
95
*46
49
99
57g eU n lted Cigar M fg .p f.1 0 0
L a fa y ’ eG as 1st 6s’ 2 4 . M -N
B ritish C ol C o p p e r _____ 5
P referred _________ 100 105 107
30
90
45
75
*5*8
L o g & W a b V 1st 6s ’ 25 J -D
C olu m R y con 5s— SeePhl la list
B u tte C oa lition M in ing 15 *15% 157s U n ite d C o p p e r_______ 100
20
35
471 4778
P referred _________ 100
3
M adison G as 6s 1 9 2 6 . A -O §103 108 [Casein C o o f A m c o m . 100
2
C rosst’ wn 1st 5s ’ 3S J -D §100 105
781; 81
U S C a s u a lty _________ 100 220 240
75
N ew ark Gas 6s 194 4__Q -J 120
G rand R a p id s R y ____ 100
| P referred __________10C
69
63
N ew ark C on sol G a s ..1 0 0
P referred _________ 10O
79
81
85
88 jC a su alty C o o f A m e r . 100 125 140 U S E n v e lo p e c o m ___ 100
30 ____
e P r e fe r r e d _________ 100
e Con g 5s 194 8____ J -D 102 104 iC ellulold C o ___________ 100 120 130
l a k e St (C hic) El— See Ch lca g o list
90 ___
10
15
U S S te e l C o r p o r a tio n —
N o H u d son L H & P o w —
C en t F ire w o rk s c o m . . 10C
e L o u is v St 5s 1 9 3 0 .. J& J §102 104
60
70
C ol tr s f 5s ’ 51 o p t ’ 11 §105 110
5s 1 93 8................... . A - 0 §100
L y n n & B os 1st 5s ’ 24 J -D §100 102
P referred _________ 100
....
C o l tr 8 f 5s '51 n o t o p t §105 110
C en tral F o u n d r y ______100
e N ew O rl R y s & L g t .1 0 0
1*4 214
1314 1312 e O & In d C N a t& Ill.lO O
12
14
95
U S T it Gu & I n d e m .1 0 0
1st 6s 1926............... J -D
P referred _________ 100
e P r e f e r r e d ________ 100
40
10 20’
80
45
60
70
eU ta h C op p er C o -S e e Stk E x c list
G en M g 4 H s ’ 35 See S tk E x list P a t & Pas G as& E l e c . 100
60
D eb 68 1919 o p *01 M -N
65
185 195
W a te rb u ry C o , c o m ._ 1 0 (
C en tu ry R e a lt y _______10(
341; 35
N o rth C h ic S treet See Ch lca g o list
e Con g 5s 1 9 4 9 ___M -£
§98 100
100
P u b S erv C orp o f N J .1 0 0
C h esebrou gh M fg C o . 101 400 430
80
90 ISt J o s e p h Gas 5s 1 9 3 7 .J-J §84
90
P referred _________ 100
90
W e stch e ste r & B ro n x Tit
T r c tfs 2 % to 6 % p e rp e t
C ity In v e stin g C o ____ 100
95
59
61
E lectric C om p a n ies
95
eClaflin (H B ) , c o m . . 100
& M tge G u a r _______ 10(1 162 168
C oll 5s g n otes ’ 0 9 . M-N §92i2 93
291j
90
28
C h ica g o E dison C o See Ch lc a g o list
N o rth Jersey St R y 100
30
e ls t preferred - ____ 10(
93
W estln g h A ir Brake___ 50 *150 158
1st 48 194 8...........M -N §60
e K in g s C o El L & P C o 10( 109 112
e2d p r e fe rr e d _______ 100
65'
list
*
____
Ex
c
N
a
r
ra
g
a
n
(P
r
o
v
)
El
C
o
.
50
C
ol
&
H
ock
C
o
a
l&
I
p
f
100
W
e
s
t
El
&
M
fg
5s
-S
ee
Si
C ons T ra ct o f N J . . 1 0 0
65
67
98
*7*6**
1*4
11
40
1st 5s 1 03 3...........J -D §99 101
N Y & Q El L & P o w C o .l0 0
1st g 5s 1 01 7............. J-J *82*’ 92
45
W h ite K n o b Min
.K
1
1*4
N e w 'k P e
y 5s ’ 30 J-J §103 105
Col tr 6s O ct 1 9 5 6 ..J - .
50
97 1011*
Preferred _________ 10J
55
Preferred ___________ H
W orthing Pump pref.lOC 105 112
C on sol Car H e a t in g .. 100
Rapid Troll St R y .1 0 0 230
U n ited E lec o f N J . . . 1 0 0
60
30
64
36
2
3
nonR R v I.rp& R efrlff1 10(
1st 5s 1 9 2 1 -. . . A - O
l < t g 4 s 194 9 ...........J -D §62
64
103
* P e r share, i B u y e r p a y s a ccru e d in t.
a E x -r lg h ts . e Sells o n Stk. E x ., but n o t v e r y a c tiv e . J N ew s to c k , n N o m in a l. * Sale p r ice . x E x - d l v .
__
__
Outside Securities
__
__
§....
._
__
_
__
__
_
__
__
_
_
.
..
__
....
__
-
853
THE CHRONICLE.
O ct . 5 1907. j
\
n
v t z i m
m
l
and Railroad Intelligent#*
RAILROAD
GROSS
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly retunic
aan be obtained. The first two columns of figures give the gross earnings for the Latest week or month, and the last two
oolumns the earnings for the period from July 1 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
period. The returns of the street railways are brought together separately on a subsequent page.
Latest Gross Earnings.
Week or
Month.
R O A D S.
Ala Gre»3 oo^fcivjrn
Ala N O & Tex P sc.
N O & N E ast___
Ala & Vicksburg:.
Vicksburg Sh & P
Curren.
Year.
$
5
— Sec Sout hem Rail way
Jst wk Sep
1st wk Sep
1st wk Sep
k Atch Top & S F e . A u g u s t ___
A tlanta & Chari___ J u n e ______
Atlan Blrm & A tl__ July ...........
Atlantic Coast Line
Baltimore & O h io .. (A u gust___
Bangor& Aroostook J u l y ...........
Beliefonte Centra #_ _ A u g u s t ___
Bridgeton & Saco R J u l y ______
Bull Roch & Pltfcs.. 3d^ wk Sep
Buffalo & Susq R y_
Canadian Northern. <lth wk Si p
Canadian Pacific___ *lth wk Sep
Central of Georgia- 3d wk Sep
Central of N Jersey. A u g u s t ___
Chattan Southern .. 3d wk Sep
Chesapeake & O hio. A u g u s t___
Chesterfield & Lane A u g u s t ___
Chicago & Alton Ry J u n e _____
Chic Great Western 3d wk Sep
Chic Ind & Lruisv. 3d wk Sep
Chic Ind & Southern — See New
Chic Milw & St Paul J u n e ______
Chic & North W e s t . A u g u s t ___
Chic St Paul M & O . A u g u s t ___
Chic Term Tran R R fs t wk Sep
CIn N O * Texas P 1
— See Sout
Cincinnati Northern — See New
Clev Cin Chic & St L — See New
Colorado M idland. _ J u l y ______
ft Col & South S y s ._ 3d wk Sep
Col Newb & Laur__ J u l y _____
Copper R a n g e .____ J u ly ............
Denv Ci Rio Grande
Detroit & Mackinac
Det r.\ 1 & Iront Sys
D n ’ Sa Shore & A t L
Er
________________
Evansville & Ter H
Fairchild & N E . . .
Georgla R R ________
Georgia South & FI
Grand Trunk Syst__
Gr Trunk W e s t ..
Det Gr H & Milw
Canada A tlan tic.
Great Northern____
Montana Central
Total system ____
Gulf & Ship Islan d.
Illinois C en tral____
Inter & Great North
alnteroceanic (Mex)
Iowa Central_______
Kanawha & M ic h ..
Kansas City South.
Lake Erie & W est’n
Lake Shore & M Sou
Lehigh V a lle y ______
Lexington & E a s t ..
Long Island________
Louisiana & Ark an .
Louisville & N ash v.
Macon & liirm ln g ..
Manlstlque__________
Maryland & P e n n ..
« Mexican R ailw ay.
a Mexican Southern
Michigan Central___
Midland V a lley____
Mlnneap <Ss St Louis
M inn St P & S S M .
T o t a l ____________
Mobile & Ohio...........
Nashv Chatt & St L
N at R R of M e x ic o ..
Hidalgo & N E . _
Nevad a-Cal-Oregon .
A iig u s t___
4 th wk Sep
3d wk Sep
3d wk Sep
3d wk Sep
J u l y ______
— See Rock
A u g u s t ___
[A u g u s t___
a— See Sou
3d wk Sep
2d wk Sep
2d wk Sep
2d wk Sep
A u g u s t ___
A u g u s t ___
A u g u s t ___
3d w t Sep
A u g u s t ___
A u g u s t ___
■3d wk Sep
,3d wk Sep
3d wk Sep
(A u g u st___
A u g u s t ___
— See New
— See New
A u g u s t ___
July _____
A u g u s t ___
3d wk Sep
A u g u s t___
A u g u s t ___
August
A u g u s t ___
3d wk Sep
2d wk Sep
-2d wk Sep
»— See New
A u g u s t ___
3d wk Sep
3d wk Sep
3d wk Sep
3d wk Aug
3d wk Sep
3d wk Sep
3d wk Sep
— See Sout
J u l y ______
3d wk Sep
3d wk Sep
3d wk Sep
N Y Ont & Western J u l y ...........
$
225,899
'1 9 5 ,1 5 7
195,157
293,684 3,195,539 2,933,130
22,580
22,580
17,031
68,496
68,496
88,173
21,481
18,087
18,087
83,555
92.760
53,049
535,400 6,109,737 5,203,323
281,731
23,546
305,855
942,355
80.977 1,080,142
892,450
782,458
66,828
4,361,024 4,937,838 4 ,361,024
ystem .
2,753
1,375
2,769
93,146
85,025
85.025
454,441
478,888
235,892
lw ay.
906,060 11,029.962 10,1 9$ ,080
125,083 1,425,906 1,274,216
435,506
35,525
435,708
505,154
468,689
44,903
4,768,879 10,592,586 9,545 315
481,981
477.731
230,216
4,999,095 11,074,567 10,023,046
532,374
44,283
579,209
630,680 1,320,075 1,224,131
4,486,250 9,434,855 8,828,390
183,000 1,642,000 1,666,000
125,752 1,613,206 1,489,599
690,246
720,445
69,020
208,386
398,186
416,699
678,743 1,753,744 1,368,593
tral
tral.
6,765,646
51,761
50,276
50,276
,003
Inc. 89,003
238,456
208,709
104,961
921,205 11,522,470 10,389,652
25,515
12,455
26,052
11,783
24,819
14,580
60,776
32,741
66,734
1,958,081 6,088,659 4.365,623
133,504 2,016,826 1,674,979
147,100 1,610,900 1,500,200
24,415
979,257
885,588
tral.
104,135
43,096
245,031
15,253
185,140
189,033
78,423
906,716
967,499
283,329 2,879,045 2.975,923
417,437 3,674,101 3,035,750
904,000 1 1.467.000 10.458.000
27,000
425,000
3-90,000
831,000 11.892.000 10.848.000
21,003 1,524,664 1,056,236
w ay.
910,247
910,247
957,839
280,867 3,713.734 3 .253,320
22,355
230,918
231,980
6,902
66,837
93,455
6 11
61,249
84,489
807,370
827,147
N Y C & Hud River A u g u s t ___
Lake Shore & M S A u g u s t ___
Lake Erie & West A u g u s t ___
Chic Ind & South A u g u s t ___
Michigan Central A u g u s t ___
Cleve C C & St L . A u g u s t ___
Peoria & Eastern A u g u s t ___
Cincinnati N orth. A u g u s t ___
Pitts & Lake Erie A u g u s t ___
R u tla n d _________ A u g u s t ___
N Y Chic & St L . A u g u s t ___
N Y Susq & W e s t .. •July _____
Norfolk & W estern. A u g u s t ___
Northern Central _ . A u g u s t ___
Northern Pacific___ A u g u s t ___
Pacific Coast Co___ July ..........
d Penn— East P & E A u g u s t ___
d W est of P & E . A u g u s t ___
Peoria & Eastern . . — See New
Phlla Balt & W a s h . A u g u s t ___
Pltts Cin Chic & S tL A u g u s t ___
Pitts & Lake Erie — See-'New
Raleigh & Chariest.
Raleigh & Southport A u g u s t ___
Reading R a ilw a y .. A u g u s t ___
Coal & Iron C o .. A u g u s t ___
Total both co’s . . A u g u s t ___
July _____
Rlo Grande June___ J u l y ______
Rio Grande South. _ 3d wk Sep
Rock Island System
e St L & San Fran J u l y _____
f Evansv & Ter 11
Total of all lines. J u l y _____
R u tlan d ____________
St Joseph & Gr Isl_ A u g u s t ___
St Louis & San Fran — See Rock
St Louis Southwest 4th wk Sep
Sierra Railw ay____
Southern In d ia n a .,
c Southern Pac C o ..
Southern R a ilw a y ..
Mobile & Ohio___
Cin N O & T ex P .
A la Great South.
Georgia So & F la .
Texas & Pacific____
Tidewater & W e s t.
Toledo & Ohio Cent
Toledo Peo & W e s t.
Toledo St L & W est
Tombigbee V a lley . .
Tor H am & Buffalo
Union Pacific S y st.
Virglnla & So W e s t .
W estern M aryland.
W Jersey & Seash
Wheel & Lake Erie .
Wisconsin Central. .
W rlghtsv & Tennille
Yazoo & Miss Valley
July 1 to Latest Dat*
Current
Yzar.
J u l y ______
A u g u s t ___
J u l y ...........
3d wk Sen
3d wk Sep
3d wk Sep
3d wk Sep
3d wk Sep
3d wk Sep
3d wk Sep
A u g u s t ___
A u g u s t ___
3d wk Sep
4th wk Sep
A u g u s t ___
A u g u s t ___
July _____
A u g u s t ___
4th wk Sep
4 th wk Sep
A u g u s t ___
3d wk Sep
J u l y ------A u g u s t ___
A u g u s t ___
CurrenYear.
$
$
8,023,508
3,823,405
509.236
170.679
2,175,481
2,365,287
280,183
115,046
1,257,504
287,518
809,568
233 025
2,528,814
1,058,036
5,911,919
563,514
13112499
2,600
tral.
1,447,127
2,589,065
traJ
4,316
6 256
3,505,125
2,237,090
5,742,215
158,376
61,595
13,357
4,393,708
3,541,808
189,775
8,125,293
173,612
Island S
291,980
1,377,573
40,222
160,005
11451270
.1,211.514
193,200
180,487
75,510
41,685
24,476
278,864
10,251
457,138
26,783
102,970
0,540
78,026
7,233,994
105 701
720,614
148,571
902,250
131,854
748,926
21,306
741,737
153,691
320,192
296,416
ystem .
264,160 2,735,829 2,412,158
1,218,818 10,427,941 15,116,946
40,222
38,441
38,441
140,053
297,275
253,578
9,213,730 11 ,451,270 9,213,738
1,122,081 13,388,730 12,339,671
168,443 2,350,590 2,157,11*
177,874 2,047,297 1,935,168
871,53a
76,017
952,107
42,366
520,609
465,373
262,786
19,077
19 8 .7 U
244,446 3,260,529 2,843,61$
8,464
18,739
16,088
917,140
473,832
875,887
26,906
272,171
281,433
94,059 1,107,746 1,080,258!
6,111
12 ;3i-.3
11.541
124 802
151 080
02,063
6,207,829 7,233,994 6.207,829
80,432
211,227
105.294
674,354 7,347,215 7,202,7t>3
124,630 1,579 079 1,3 75,(119
820,050 1,031,831 i ,50 u m
117,387 1,556,392 1,342,475
748,926
014,109
614,169
19,204
39,383
89 (.!£'
674,774 1,417,354 1,263,242
Period.
Atlanta & Charlotte Air Line___ Mch 1
Jan
J an
Jan
Jan
to
1 to
1 to
1 to
1 to .
Cleve CIn Chic & St Louis____ Jan 1
Peoria & Eastern____________ Jan 1
to
to
New York Chicago & St Louis Jan 1
to
d Penn— East of Pitts & Erie___
d W est of Pittsburgh & E r ie ..
Phlla Baltimore & VVashlngton.
Pitts Cin Chicago & St L o u is ..
$
$
Various Fiscal Years.
New York Central_______________
Lake Shore & Michigan South
Lake Erie & W estern_________
Chicago Indiana & Southern.
Previous
Year
9,204,420
4,135,926
488 660
248,510
2,474,201
2,471,386
259,130
95,341
1,519,496
293,568
884,757
275,892
3,057,236
1,257,936
0,780,878
737,407
15522399
Inc A ,27
York Cen
1,592,527
2,891,896
York Cen
4,846
10.179
4,085,996
2,883,510
6,969,506
178,258
78,565
14,118
5,079,160
4,376,172
198,753
9,654,086
$
590,196
47.000
558,927
250,094
22.000
276,391
296,007
271,975
20,000
2,678
2,678
3,753
7,261,437 15,928,445 13,932,255
317,426 4,291,954 4,061,242
117,143
159,232
117,143
1,918,703 2 054,189 1,918,703
7,181,040 14,976,210 13,725,^86
214,025
214,025
240,838
8,736
4,961
10,399
4,948
4,948
5,344
174,230 2,286,716 1,826,422
191,682
180,900 2,618,200 1,823", loo
2,004,000 20,369,451 18,239,420
229,400 2,703,250 2,582,948
2,443,008 5,100,786 4,657,569
38,757
37,775
2,717
2,201,092 5,057,511 4,129,002
9,627
5,821
2,958
911,557 12,809,426 11,586,094
190,170 2,037,873 2,119,535
128,633 1,421,592 1,437,230
tral.
4,773,732 00,548,554 55,423,053
5,942,750 12,404,102 11 ,453,660
1,105,999 2,320,499 2,134,540
318,150
337,139
30,555
way.
Fork Cen tral
827,147
Week or
Month.
ROADS.
51.000
25.000
26.000
3,753
7,988,890
301,020
159.232
2,054 189
7,724,307
240,838
4,868
5,344
210,867
191,682
200,200
2,021,000
245,500
2,557,130
3,078
2,067,359
4,823
1,067,100
174,242
125,542
York Cen
4,879,132
0,439,654
1,190.037
33,901
225,899
331,410
17,031
88,173
21,481
42,287
026,000
26,834
105,742
70,325
4,937,838
Island S
1,197
93,146
244,470
thern Ral
954,311
143,578
37,452
50,222
5,525,984
248.410
5,774,394
45,094
685,736
4,780,501
160,000
128,543
75,332
214,008
905,907
York Cen
York Cen
3,496,604
51,761
Inc. 89
120,446
1,011,110
13,903
7,606
37,438
3,050,690
143,347
165,500
28,008
York Cen
113,738
13,508
88,247
247,373
492,519
978,000
32,000
1,010,000
34,152
hern Rail
957,839
328,452
20,310
8,493
8,361
Latest Grose E arn.ng:.
July 1 to Latest Date
Previous
Year.
Jan
Jan
Jan
Jan
1 to
1 to
1 to
1 to
Jan 1
to
June
Aug
Aug
Sep
Sep
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
Aug
A ug
A ug
Aug
Aug
July
Sep
A ug
30
31
31
14
14
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
21
31
18,033,738
7,940,802
887,151
483,741
4,861,104
4,783,849
493,812
179,477
2,953,191
579,844
1,694,013
275,892
5,925,826
2 ,43;> ,551
13,912.343
737,467
30,122,4(54
Inc. 2,47
16,352,73®
7,407.836
942,475
336,757
4,294,452
4,508,631
530,82®
203.39$'
1,573.277
537,441
1,618,2##
233,025
4,930.182
2,036,751
11,600,#45
563,514
25,519,304
2,500
3 ,1 2& ,505
5,004,023
2 ,813,40 S
4,996,116
09,808
58,233!
21,064
11,714
7,852,156 6,67 9 ,4 5 *
5,839,649 4,388,217
13,091,805 11,067.67ft
178,258
158,3/S
78,505
01,595
150,137
138,269
5,079,160 4,393,708
4,376.172 3,541,8#$
198,753
18i>,775
9,054,086 8.125,292
Curren'
Year.
Previous
Year
1,452.308
41,789
45,799
5,582,100
977,917
64,964,633
29,530,338
3,319,688
1,983,239
18,695 084
17,223,618
1,935,733
059,281
9,995,235
1,966,340
6,915,035
8,71 ,745
109264013
Inc. 7,39
11 .303,510
2 1 ,540,399
542 953
11,657,304
3,959,283
1,329,77*
36,721s
75,949
4,996,800
885.587
59,231.454
28,014.333
3,467,854
1,483,.MS
16,913,595
15,871,109
1,092,37®
679,16(»
9,620,431
1,805,309
0,504,23#
7,512,54*
95,340,213
2,800
•
10,326,81 ft
19,148,675
432,326
9,447.10*
3,671.54*
807,370
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
Monthly Summaries.
2d
Jd
4th
1st
2d
3d
4th
1st
2d
3d
week
week
week
week
week
week
week
week
week
week
July
July
July
Aug
Aug
Aug
Aug
Sept
Sept
Stp t
(43
*44
(42
(44
(46
M0
(45
(42
M4
(44
r o a d s ) ...
r o a d s ) ...
r o a d s ) ...
roads)___
roads)___
r o a d s ) ...
roads)___
roads)___
r o a d s ) ...
r o a d s ) ...
Cur’nt Year Prev’s Year Inc. or Dec.
10,452,143
10,787,896
15,869,503
10.422,864
10.859,109
10,979,680
15,826,422
10,203,348
10,675,363
10,831,739
9,421,896
9,747.003
13,947,977
9,602,427
10.067.077
10,057,599
14,483.145
9,494,861
9,882,969
10,129,558
+ 1,030,247 10.93
+ 1,040,893 1 0 .6 8
+ 1,921.586 13.77
+ 820,437 8.54
+ 792.032 7.87
+ 922,081 9.16
+ 1.343 277 9.27
+ 708,487 7.45
+ 792,394 8.02
+ 702,181 6.93
Monthly Summaries.
Month N ov
I Month Dec
; Month Jan
! Month Feb
Month Mch
Month April
Month May
; Month June
Month July
i Month Aug
1906
1906
1907
1907
1907
1907
1907
1907
1907
1907
(123
(127
(123
(122
(118
(118
(121
(121
(116
(67
roads).
roads).
roads).
roads).
roads).
roads).
roads).
roads).
roads).
roads)
Cur’ nl Year Prev’s Year Inc. or Dec.
186,696,274
184,2.35.595
173.212.305
162,283 992
180,539,532
188,130,451
195.943.305
18 i 125,657
187,069,790
86,377.190
175,727,985
170,746.769
162,623,883
152 555,191
164,645,009
154,894,748
165 890,345
161,235,109
163 685,258
79,029,051
%
S
+ 10 ,971,289 B.24
+ 13 ,4 88 826 7.1®
+ 10 ,588,422 «.M
4-9 .728 801 # ((«
+ 15 ,894,523
+ 33 ,235,703 2 1 4 *
+ 30 052 960 ltS-12
+ 21 ,890,548 13.59
+ 23 ,384,532 HJia
+ 7 ,348,139: 9.3a
a Mexican currency, b Includes earnings of Gulf & Chicago Division, c Includes tho Houston A Texas Geutral and its suosl llary lines In btJtl*
years, d Covers lines directly operated, e includes the Chicago & Kastern Illinois in both years,
f Includes Evansville <Sj Indiana U R.
h Inciud«*
earnings of Col. & South., F t. Worth & Denver City and all affiliated lines, excepting Trinity & Brazo3 Valley R R .
fc Includes in both years earnUirr
of Denver Enid da Gulf R R ., Pecos System and Santa Fe Prescott <Ss Phoenix R y.
■
>
854
THE CHRONICLE.
Latesr Gross Earnings by W eeks.— For the third week of
Sept. our final statement covers 44 roads and shows 6.93%
increase in the aggregate over the same week last year.
In crea se. D ecrea se.
T h ird w eek o f S eptem ber.
P r e v io u s ly r e p o r te d (32 ro a d s) A la b a m a G rea t S o u th e r n ----------C h ica g o G rea t W e s t e r n __________
C h ic a g o In d ia n a p & L o u is v ille . _
Cine N ew O rl & T e x a s P a c ific -.;
D e tr o it & M a c k in a c _____________
D e tr o it T o le d o & I r o n t o u _______
G e o rg ia S o u th e r n & F lo r id a _____
G u lf & S h ip Is la n d ----------------------M ob ile & O h io ___________________
N e v a d a C a liforn ia & O r e g o n ___
T e x a s C e n tr a l------------------------------W h e e lin g & L a k e E r ie ___________
7 07 ,566
T o t a l (44 r o a d s ) _______________ i 10 ,8 3 1 ,7 3 9 1 0 ,1 2 9 ,5 5 8
N e t in crea se ( 6 . 9 3 % ) ___________
7 8 5 ,2 5 7
702 ,181
$
62,8 6 9
507
15,928
3,091
2,6 1 3
3,2 8 8
24,765
811
2 4,7 5 7
1,591
5,399
14,467
8 3 ,0 7 6
Net Earnings Monthly to Latest Dates.— The table fol
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 28 1907. The
next will appear in the issue of October 26.
--------G ross E a rn 'g s-------C u rren t
P rev io u s
Y ea r.
Y ea r.
R oads.
$
$
A t c h T o p <Sc S a n ta F e . b . A u g 7 ,9 8 8 ,8 9 0 c 7 ,261 ,4 3 7
J u ly 1 t o A u g 3 1 -----------1 5 ,9 2 8 ,4 4 5 c l 3 ,9 3 2 ,2 5 5
A t l B ’ hain & A t la n t lc .a ~ J u ly
159 ,2 3 2
117 ,143
8 3 5 ,6 0 0
594 ,9 0 0
C a n ad ian N o r t h e r n ____ A u g
J u ly 1 t o A u g 3 1 _______ 1 ,8 5 9 ,9 0 0
1,1 9 8 ,7 0 0
6 ,1 7 0 ,4 5 2
C a n adian P a c i f i c . a ____ A u g 7 ,0 1 0 ,1 7 7
J u ly 1 t o A u g 3 1 _______ 1 4 ,0 1 8 ,4 5 1 1 2 ,1 3 8 ,4 2 0
C en tral o f G e o r g ia .a - - A u g 1 ,0 0 2 ,0 8 7
/’949.512
J u ly 1 t o A u g 3 1 _______ 1 ,9 7 4 ,1 8 0 f l ,9 03,448
C en tral o f N e w J e r . b
A u g 2 ,5 5 7 ,1 3 0
2 ,4 4 3 ,0 6 8
4 ,6 5 7 ,5 6 9
J u ly 1 t o A u g 3 1 _______ 5 ,1 0 0 ,7 8 6
2 ,2 0 1 ,0 9 2
C h esap eak e & O h i o . b . - A u g 2 ,6 6 7 ,3 5 9
4 ,1 2 9 ,0 0 2
J u ly 1 t o A u g 3 0 _______ 5 ,0 5 7 ,5 1 1
C h esterfield & L a n c - b . - J u n e
4 ,6 7 4
2,680
38,3 2 8
J u ly 1 t o J u n e 3 0 _______
56,1 4 4
2,8 6 3
J u l y ______________________
4 ,8 0 4
2,9 5 8
4,8 2 3
A u g u s t ----------------------------5,821
J u ly 1 t o A u g 3 1 _______
9,6 2 7
507
,1 5 6
Chic: I n d & L o u l s v . a - . J u l y
4 9 9 ,1 3 4
5 3 ,0 4 9
C orn w a ll & L e b a n o n - b - A u g
4 2 ,2 8 7
92,760
J u ly 1 t o A u g 3 1 ---------: 8 3 ,5 5 5
235 ,892
G eorgia B R . a ----------------- A u g
2 4 4 ,4 7 0
4 54,441
J u ly 1 t o A u g 3 1 _______
4 7 8 ,8 8 8
2 0 1 ,2 4 2
G u lf & S h ip I s l a n d - .a - A u g
215 ,6 3 3
3 9 4 ,2 2 4
J u ly 1 t o A u g 3 1 ----------437 ,6 2 8
630 ,6 8 0
H o c k in g V a ll e y _ a -----------A u g
6 8 5 ,7 3 6
1,2 2 4 ,1 3 1
J u ly 1 t o A u g 3 1 _______ 1 ,3 2 0 ,6 7 5
4 ,4 8 6 ,2 5 0
Illin o is C en traL -a------------- A u g 4 ,7 8 6 ,5 0 1
8 ,8 2 8 ,3 9 6
J u ly 1 t o A u g 3 1 ----------- 9 ,4 3 4 ,8 5 5
5 35 ,4 2 8
In te r o ce a n ic o f M e x i c o .A u g
6 1 7 ,4 0 7
1 ,1 1 7 ,1 8 9
J u ly 1 t o A u g 3 1 _______ 1 ,2 2 3 ,1 7 1
256 ,207
I o w a C e n t r a l.a --------------- A u g
2 5 9 ,8 9 3
4 9 1 ,0 3 2
J u ly 1 t o A u g 3 0 ----------5 0 5 ,5 0 4
2 0 8 ,3 8 6
K anaw ha & M ic h .a -.A u g
2 14 ,068
3 9 8 ,1 8 6
J u ly 1 t o A u g 3 1 _______
4 1 6 ,6 9 9
7 8,7 8 6
K e y s to n e T e le p h C o . a . A u g
8 7 ,7 4 0
1 57,941
J u ly 1 t o A u g 3 1 _______
1 7 4 ,0 0 9
e L e h ig h V a l l e y . b - - J u l y - - - 3 ,2 6 9 ,0 4 2
A u g u s t ___________________ 3 ,4 9 6 ,6 0 4
J u ly 1 t o A u g 3 1 ----------- 6 ,7 6 5 ,6 4 6
1 04 ,961
L o u is ia n a & A rk a n sa s a A u g
1 2 0 ,4 4 6
2 08 ,7 0 9
J u ly 1 t o A u g 3 1 ----------2 3 8 ,4 5 6
3
,9
6 7 ,3 2 5
L o u is v & N a s h v . b -------A u g 4 ,4 2 6 ,4 5 3
7 ,6 7 0 ,8 4 7
J u ly 1 t o A u g 3 1 _______ 8 ,5 5 2 ,4 9 0
1 ,9 5 8 ,0 8 1
M e x ica n C e n tr a l________ A u g 3 ,0 5 0 ,6 9 0
4 ,3 6 5 ,6 2 3
J u ly 1 t o A u g 3 1 ----------- 6 ,0 8 8 ,6 5 9
6 77 ,6 1 4
M e x ica n I n t e r n a t io n a l.- A u g
7 8 9 ,0 7 3
1 ,2 6 7 ,1 9 2
J u ly 1 t o A u g 3 1 _______ 1 ,5 5 7 ,6 0 3
3 47 ,939
M in n & St L o u i s . a -------A u g
3 4 6 ,0 0 9
6 66 ,514
J u ly 1 t o A u g 3 1 ----------7 0 8 .8 2 3
1 .0 5 5 .8 1 3
M in n S t P & S S M - b . - . A u g 1 ,0 2 1 .9 3 5
2 ,1 3 8 ,7 8 9
J u ly 1 t o A u g 3 1 . ...........2 ,1 1 6 ,8 2 5
1 ,2 3 0 ,4 0 6
N a t R R o f M e x ic o ---------A u g 1 ,4 0 6 ,9 7 6
2 ,4 1 8 ,4 4 8
J u ly 1 t o A u g 3 1 _______ 2 ,8 1 2 ,7 0 1
8 2 ,507
H id a lg o & N o r ’ e a s t’ n . A u g
8 7 ,4 2 5
168 ,7 1 3
J u ly 1 t o A u g 3 1 _______
1 7 2 ,5 8 9
2 .5 2 8 .8 1 4
N o r fo lk & W e s t e r n .b . - A u g 3 ,0 5 7 ,2 3 6
4 ,9 3 0 ,1 8 2
J u ly 1 t o A u g 3 1 ----------- 5 ,9 2 5 ,8 2 6
1 ,0 5 8 ,0 3 6
N o rth e r n C e n t r a l .b -------A u g 1 ,2 5 7 ,9 3 6
7 ,5 1 2 ,5 4 5
J a n 1 t o A u g 3 1 ----------- 8 ,7 8 1 ,7 4 5
P e n n s y lv a n ia — L in es d ir e c t ly o p e r a t e d —
E a s t o f P itts & E r i e ._ A u g l 5 , 5 2 2 ,3 9 9 1 3 ,1 1 2 ,4 9 9
J a n 1 t o A u g 3 1 ............. 1 0 9 ,2 6 4 ,0 1 3 9 5 ,3 4 6 ,2 1 3
W e s t o f P & E r ie A u g
I n c 1 ,2 7 2 ,6 0 0
J a n 1 t o A u g 3 1 _______
I n c 7 ,3 9 2 ,8 0 0
P h il a B a lt o & W a s h . b .A u g 1 ,5 9 2 ,5 2 7
1 ,4 4 7 ,1 2 7
J a n 1 t o A u g 3 1 - — - .1 1 .3 0 3 ,5 1 6 1 0 ,3 2 6 ,8 1 6
R e a d in g R a ilw a y C o—
3 ,5 0 5 ,1 2 5
P h ila & R e a d l n g - b -----A u g 4 ,0 8 5 ,9 9 6
6 ,6 7 9 ,4 5 3
J u ly 1 t o A u g 3 1 _______ 7 ,8 5 2 ,1 5 6
2 ,2 3 7 ,0 9 0
C oa l & I r o n C o - b -------A u g 2 ,8 8 3 ,5 1 0
4 ,3 8 8 ,2 1 7
J u ly 1 t o A u g 3 1 ----------- 5 ,8 3 9 ,6 4 9
,7 4 2 ,2 1 5
T o t a l b o t h c o ’s - b ------- A u g 6 ,9 6 9 ,5 0 6
J u ly 1 t o A u g 3 1 _______ 1 3 ,6 9 1 ,8 0 5 1 1 ,0 6 7 ,6 7 0
R e a d in g C o ___________ A u g
-------------------------J u ly 1 t o A u g 3 1 ----------------------------------T o t a l a ll c o ’s ---------------A u g
..............-------------J u ly 1 t o A u g 3 1 ----------------------------------158 ,3 7 6
R ic h F r e d s & P o t o m a c .J u l y
178 ,2 5 8
153 ,691
St Jos & G r I s la n d -b -.A u g
173 ,6 1 2
296 ,410
J u ly 1 t o A u g 3 1 ----------3 2 0 ,1 9 2
83 3 ,8 0 4
S t L o u is S o u W e s t e r n .b A u g
9 3 6 ,2 7 3
1 ,5 6 6 ,5 4 8
J u ly 1 t o A u g 3 1 _______ 1 ,7 9 5 ,8 3 9
4 ,6 4 3 ,7 6 5
S o u th e rn R a i l w a y .a — A u g 5 ,0 2 3 ,9 4 0
9 ,1 2 3 ,5 6 0
J u ly 1 t o A u g 3 1 ----------- 9 ,9 0 9 ,1 4 1
7 0 0 ,0 7 2
Cin N O & T e x P . a — A u g
7 6 5 ,5 2 7
1,4 3 9 ,6 6 0
J u ly 1 t o A u g 3 1 ----------- 1 ,5 3 6 ,0 0 5
335 ,331
A la b a m a G t S o u t h . a - - A u g
3 6 3 ,6 0 4
654 ,0 9 3
J u ly 1 t o A u g 3 1 .............
7 2 7 .1 7 2
--------N et E a rn in g s------- C u rren t
P r e v io u s
Y ea r.
Y ea r.
$
5
d 2 ,3 8 4 ,4 6 1 cd 2 ,9 22,850
d 4 ,9 7 5 ,3 2 1 cd 5 ,398,040
32,008
4 0 ,3 7 2
216 .4 0 0
192,100
578 .4 0 0
398 ,000
2 ,4 6 2 ,5 7 9
2 ,5 7 0 ,2 7 5
5 ,0 7 7 ,1 2 8
4 ,8 3 4 ,3 9 0
/1 7 5 ,0 9 0
2 1 6 ,7 3 8
/3 7 0 .3 9 0
4 3 7 ,1 9 0
1 ,2 6 6 ,3 9 4
1 .1 9 0 .8 0 4
2 ,3 7 4 ,1 8 0
2 ,3 4 6 ,1 6 4
84 7 ,4 6 5
1 .0 6 0 .8 0 5
1 ,9 1 4 ,1 0 6
1 ,5 6 7 ,0 6 1
829
328
15,4 1 9
19,468
1,786
974
1,340
1,355
3.141
2,314
182 ,458
193 .714
29 .488
20 ,357
39,1 5 6
51,971
51,291
3 8 ,2 6 3
94,8 2 6
57,6 7 8
51 ,072
51,289
117 ,945
89 ,907
252 ,814
252 ,7 3 5
46 8 ,5 2 4
456 ,851
98 1 ,3 0 6
1 ,2 1 4 ,2 2 3
2 ,3 7 3 ,6 2 1
2 ,0 9 0 ,6 0 6
126 ,453
151 ,295
263 .714
29 3 ,6 9 3
ft78,081
W 4 .6 2 0
ftl2 6 ,3 6 6
M 4 1 .5 3 1
53,592
22 ,292
100 ,502
5 2 ,5 2 4
4 2 ,0 9 7
34.2 3 2
8 3 ,7 0 3
68,3 4 6
1,367,721
1,47.3,817
2 ,8 4 1 ,5 3 8
4 7 ,011
34,717
69,6 1 6
93,780
1 ,3 5 6 ,1 7 7
1 ,2 0 2 ,5 7 3
2 ,3 9 0 ,9 6 7
2 ,2 9 0 ,1 5 1
80 2 ,3 9 4
289 ,3 0 9
1 ,6 9 1 ,8 2 2
9 1 7 ,0 4 6
2 4 7 ,0 6 4
2 4 4 ,9 6 2
4 7 3 ,3 9 3
411 ,2 0 1
fcl0 8 ,8 7 4
f c l5 0 ,854
fc272,856
* 2 3 9 ,2 2 7
3 68 ,257
4 9 0 ,3 9 6
7 7 4 ,6 9 2
1,0 2 9 ,6 2 3
4 6 3 ,5 5 7
42 7 ,5 8 0
912 ,450
85 6 ,3 3 2
2 1 ,8 8 5
20,7 7 0
3 7 ,8 6 5
4 8 ,0 2 2
1,1 5 9 ,6 7 5
9 4 7 ,6 6 9
2 ,2 7 7 ,9 8 2
1 ,8 3 3 ,6 4 5
3 6 4 ,2 7 6
3 3 2 ,0 7 6
1,7 4 0 ,7 9 2
1 ,7 2 3 ,8 9 2
5 ,2 0 0 ,6 7 0
4 ,8 4 1 ,0 7 0
2 9 ,5 8 9 ,8 2 4 2 8 ,5 1 3 ,8 2 4
In c 5 1 7 ,1 0 0
I n c 1 ,6 0 8 ,5 0 0
4 5 1 ,6 2 6
4 6 5 ,3 2 6
2 ,2 4 7 ,3 2 0
2 ,5 9 6 ,0 2 0
1 ,5 8 9 ,2 8 5
3 ,1 2 2 325
190 ,407
3 3 7 ,8 2 3
1 ,7 7 9 ,6 9 2
3 ,4 6 0 ,1 4 8
12 6 ,1 4 2
256 ,791
1 ,9 0 5 ,8 3 4
3 ,7 1 6 ,9 3 9
5 4 ,4 5 4
7 8 ,8 2 7
140 ,4 2 2
31 6 ,5 7 6
58 9 ,6 2 5
93 4 ,1 5 3
1 ,7 4 0 ,2 5 3
184 ,233
232 ,7 1 7
45,4 9 5
117 ,9 7 4
1,3 6 6 ,9 7 4
2 ,5 7 7 ,6 2 5
110,231
1 2 9 ,9 2 0
1,4 7 7 ,2 0 5
2 ,7 0 7 ,5 4 5
1 2 7 ,4 5 5
2 5 9 ,7 2 4
1 ,6 0 4 ,6 6 0
2 ,9 6 7 ,2 6 9
5 5 ,7 3 4
6 7 ,9 3 5
122 ,818
29 3 ,2 0 9
47 8 ,8 4 2
1 ,1 1 9 ,1 3 8
2 ,0 5 5 ,8 8 0
110 ,1 3 6
2 8 3 ,5 9 0
7 1 ,2 3 9
139 .323
[V o l .
lxxxv
.
--------G ross E a rn ’gs-------- --------N et E a rn in g s-------C u rren t
P r e v io u s
C u rren t
P rev io u s
Y ear.
Y ear.
Y ea r.
Y ea r.
$
$
$
$
R o a d s.
S o u th e r n R y (C o n c lu d e d ) —
M o b ile & O h io ________ A u g
908 ,1 1 7
J u ly 1 t o A u g 3 1 _______ 1 ,8 0 5 ,2 1 0
104 ,310
T e x a s C e n t r a l.a ________ A u g
J u ly 1 t o A u g 3 1 _______
195 ,0 1 8
T id e w a te r & W e s t e r n -b - A u g
10,251
J u ly 1 t o A u g 3 1 _______
18,7 3 9
T o l & O h io C e n t r a l . a .- A u g
4 5 7 ,1 3 8
9 1 7 ,1 4 6
J u ly 1 t o A u g 3 1 _______
T o l S t L & W e s t e r n .a - - A u g
4 0 0 ,5 6 6
J u ly 1 t o A u g 3 1 _______
7 4 2 ,0 8 0
T o m b ig b e e V a lle y ______A u g
6,5 4 6
J u ly 1 t o A u g 3 1 _______
12,3 8 3
W e s t J e r & S e a s h o r e .b .A u g
9 02 ,250
J a n 1 t o A u g 3 1 _______ 3 .9 5 9 ,2 8 3
W r ig h ts v & T e n n il l e .b - A u g
s 2 1 ,306
s 3 9 ,3 8 3
J u ly 1 t o A u g 3 1 _______
Y a z o o & M iss V a l l e y . a .. - A u g
7 4 1 ,7 3 7
J u ly 1 t o A u g 3 1 _______ 1 ,4 1 7 ,3 5 4
8 5 2 ,1 4 1
2 5 5 ,0 2 7
2 7 4 ,0 8 4
1 ,6 5 6 ,4 9 2
503 ,451
5 2 5 ,6 8 7
7 6 ,6 1 1 2 8 ,1 0 6
3 4 ,394
1 44 ,310
48,2 0 4
6 0 ,9 9 7
8 ,4 6 4
1,936
1,354
16,0 8 9
2 ,9 4 3
2 ,5 7 6
4 7 3 ,8 3 2
142,147
206,941
8 7 5 ,8 8 7 2 9 8 ,8 8 7
3 5 6 ,5 4 8
4 0 6 ,9 8 5
39123,931
p l2 1 ,9 7 3
7 4 0 ,1 3 8
z>213,660
2)198,670
6,111
2,0 4 0
1,8 4 6
11,541
3 ,3 1 6
3,6 4 6
8 2 0 ,0 5 0
4 8 8 ,9 6 1
427 ,0 6 1
3 ,6 7 1 ,5 8 3
9 1 8 ,4 5 5
1 ,2 4 3 ,4 5 5
S19.204
4 ,3 7 0
5,0 1 3
s39,1 1 2
8 ,2 1 4
1 2 ,5 7 6
6 7 4 ,7 7 5
d e f.3 ,9 7 3
4,261
1 ,2 6 3 ,2 4 2 d e f.1 6 ,1 0 3 d e f.8 1 ,2 2 8
a N e t earn in gs here g iv e n are a fte r d e d u c t in g ta x e s ,
b N e t earn in gs here g iv e n are b e fo r e d e d u c t in g ta x e s ,
c F igu res re v ise d fo r p r e v io u s y e a r s o as t o a c c o r d w ith th e n ew c la s sifi
c a t io n o f earnings a n d e x p e n se s n o w re q u ir e d b y th e I n te r -S ta te C om m erce
C o m m issio n .
d T h e c o m p a n y n o w in clu d e s earn in gs o f th e D e n v e r E n id & G u lf R R . ,
P e c o s V a lle y s y s te m and S a n ta F e P r e s c o tt & P h o e n ix R y . in b o th y e a rs.
F o r A u g . ta x e s an d re n tals a m o u n te d -to 5 2 3 3 ,2 7 0 , a g a in st $ 1 8 9,36 4 in 1906;
a fte r d e d u c t in g w h ic h , n e t fo r A u g . 1907 w as $ 2 ,1 5 1 .1 9 1 , a ga in st 5 2 ,7 3 3 ,4 8 6
la s t y e a r .
F o r p e r io d fro m J u ly 1 t o A u g . 3 1 , ta x e s and ren tals w e re
$ 4 8 0,98 0 in 190 7, a g a in st $ 3 7 8,47 6 in 1906.
c N o c o m p a r a t iv e figu res are g iv e n , o w in g t o new c la s sifica tio n o rd e re d
b y In te r -S ta te C o m m e rce C o m m is s io n .
F o r J u ly ta x e s a m o u n te d t o $ 9 4 ,30 0 , a fte r d e d u c t in g w h ic h o p e r a tin g in c o m e w as $ 1 ,2 7 3 ,4 2 1 .
F or A u gu st
ta x e s w e re $ 9 4 ,3 0 0 , an d fo r p e r io d fro m J u ly 1 t o A u g . 31 w ere $ 1 8 8 ,6 0 0 .
f F igures here are o n th e o ld basis o f a c c o u n t in g — n o t th e n e w , o r In te r S ta te C o m m e rce C o m m is s io n , m e t h o d , as th e la tte r ad m its o f n o c o m p a r i
so n w ith p r e v io u s y e a r .
h F o r A u g . 3907 a d d itio n a l in c o m e w as $ 8 ,6 2 6 , a g a in st $ 6 ,7 0 9 , in 190 6.
an d fo r p e r io d fro m J u ly 1 t o A u g . 31 w as $ 1 7 ,6 7 6 in 1907, a g a in st $11 ,4 3 2
la st y e a r.
k F o r A u g . 1907 a d d it io n a l in c o m e w as $ 1 3 ,5 7 5 , a g ain st $15 ,0 1 5 in 1 9 0 6 ,
an d fo r p e r io d fr o m J u ly 1 t o A u g . 31 w as $ 26 ,940 in 1 90 7, a g a in st $ 35 ,351
la s t y e a r.
p F o r A u g . 1907 a d d itio n a l in c o m e w as $ 1 ,0 5 4 , a g a in st $588 in 1906, a n d
f o r p e rio d fro m J u ly 1 t o A u g . 31 w as $1,615 in 1907, a ga in st $1,009 in 1906.
s In c lu d e s $85 o th e r In co m e fo r A u g . 1907, a g ain st $418 in 1906, an d f o r
p e r io d fro m J u ly 1 t o A u g . 31 in c lu d e s $187 In 190 7, a g ain st $869 la st y e a r ;
b e g in n in g J u ly 1, th e earn in gs o f th e D u b lin & S o u th w e ste rn R R . are in
c lu d e d iii b o t h y e a rs.
Interest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus above
or deficit below those charges.
R oads.
C en tral o f N ew J e r s e y . .A u g
J u ly 1 t o A u g 3 1 _______
C o rn w a ll & L e b a n o n . - . A u g
J u ly 1 t o A u g 3 1 - - - - - G eorg ia
R R ....................- A u g
J u ly 1 to A u g 3 1 _______
H o c k in g V a lle y ____ . . . A u g
J u ly 1 t o A u g 3 1 _______
K a n a w h a & M ich ig a n . . A u g
J u ly 1 t o A u g 3 1 _______
N o r fo lk & W e s t e r n ______A u g
J u ly 1 t o A u g 3 1 .............
R e a d in g C o ______________A u g
J u ly 1 t o A u g 3 1 . ...........
S t J os & G r I s la n d ______A u g
J u ly 1 t o A u g 3 1 . ...........
T e x a s C e n tra l___________ A u g
J u ly 1 t o A u g 3 1 .............
T o le d o & O h io C e n tr a l.A u g
J u ly 1 t o A u g 3 1 _______
— I n t., R en tals, & c .— — B a l. of N et E ’ n gs. —
C u rren t
P r e v io u s
C u rren t
P rev io u s
Y ea r.
Y ear.
Y ear.
Y ea r.
$
$
$
$
614 ,021
613 ,7 5 0 £57 6 ,7 8 3
665 2,64 4
1 ,2 1 7 ,0 7 3
1 ,2 7 1 ,1 8 0 6 1 ,1 2 9 ,0 9 1 6 1 ,1 0 3 ,0 0 0
3,6 3 8
4 ,2 8 5 * 1 7 ,6 0 7
2 5 ,2 0 3
7,261
8,4 6 1 * 3 2 ,2 8 9
4 3 ,5 1 0
c 6 1 ,4 0 3
a 5 1 ,9 8 3 * d e f2 1 ,8 7 8
*4 9 9
0 1 1 3 ,1 5 9
a l0 3 ,9 6 6 * d e f5 4 ,2 1 3 * d e f7 ,9 4 2
7 9 ,8 7 9
6 2 ,0 1 0 * 2 4 8 ,8 8 0
*1 9 3 ,9 4 5
153 ,935
1 2 5 ,3 6 6 2 4 4 4 ,0 9 0
£ 3 5 2 ,096
2 1 ,1 7 6
2 3 ,9 5 7 * 2 2 ,5 5 2
*3 0 ,1 4 0
4 3 ,0 7 4
43 203 3:38,980
£ 5 8 ,3 2 0
4 2 9 ,5 4 0
3 6 7 ,4 2 9 7 3 0 ,1 3 5
5 8 0 ,2 4 0
8 5 2 ,7 4 7
7 2 9 ,6 3 6 1 ,4 2 5 ,2 3 5
1 ,1 0 4 ,0 0 9
8 8 7 ,5 0 0
8 8 5 ,4 7 8 1 ,0 1 8 ,3 3 4
7 1 9 ,1 8 2
1 ,7 7 5 ,0 0 0
1 ,7 7 0 ,9 5 6 1 ,9 4 1 ,9 3 9
1 ,1 9 6 ,3 1 3
21,521
2 1 ,2 8 9
5 7 ,3 0 6
4 6 ,6 4 6
4 3 ,0 4 2
4 2 ,5 8 0
9 7 ,3 8 0
8 0 ,2 3 8
2 ,5 8 3
2 ,5 8 3
2 5 ,5 2 3
31,811
5 ,1 6 6
5,1 6 6
4 3 ,0 3 8
55,831
3 8 ,7 9 5
3 3 ,7 4 5 * 1 2 6 ,4 0 6
*1 7 4 ,2 0 5
8 0 ,0 0 6
7 2 ,0 0 3 * 2 4 6 ,1 5 8
* 2 8 6 ,2 7 4
a C harges here I n clu d e ro a d re n ta l (p a id b y lessee) an d o th e r d e d u ctio n s .
6 I n c lu d id in fix e d ch a rges are e x p e n d itu r e s fo r re n ew als .a d d ition s and
im p ro v e m e n ts a m o u n tin g t o n il f o r A u g . 1 9 0 7 , a g a in s t $ 7 7 ,5 6 6 in 190 6,
a n d fro m J u ly 1 t o A u g . 31 w e re $22 2 ,1 8 0 in 190 6.
* A ft e r a llo w in g fo r o t h e r In co m e r e c e iv e d .
STREET RAILW AYS AND TRACTION COMPANIES.
Latest G ross E a rn in g s.
N a m e of
R oad.
W eek or
M o n th .
A lb a n y & H u d s o n ___ J u l y _____
^ A m e r ic a n R y s C o ___ IA u g u s t ___
c A u r E lg in & C h ic R y ! A u gu st —
flln g fia m to n R y --------- A p r i l ______;
B trm R y L t & P ow er A u g u s t ___
B r o c k t o n & P ly S t R y iJ u ly --------C a pe B re to n E le c C o . !J u l y ______
C en tral P e n n T r a c ___ A u g u s t ___ ;
Ch ari C on R y G as& E l A u g u s t ___ !
C h ic a g o & M llw E l e c . A u g u s t ___|
d C h ica g o & O ak P a rk A u g u s t ----C leve P a ln e sv ille & E iJuly ______I
C lev e S o u th w & C o l . . J u n e _______
D e tr o it J a c k s o n * Chi 3d w k Sep
f D e tr o it U n ite d R y . 3d w k S ep '
D u lu th S tre e t R y — 4 th w k Sep
E a st S t L o u is & S u b . A u g u s t —
E l P a so E le c t r ic _____ J u n e ______
F t W a y n e & W abash
V a lle y T r a c t io n — IA u g u s t ___
G a lv e s to n E le c t r ic Co J u ly
G eorg ia R y & E le ctric M ay ______
H a v a n a E le c t r ic R y . W k S ep 29
H o n o lu lu R a p id T r &
L a n d C o ___________ A u g u s t ___
H o u g h to n C o S t R y . . J u l y ______
H o u s to n E le c t r ic C o - J u ly _____
Illin o is T r a c tio n C o . _ J u l y ______
J a c k s o n C on sol T r a c . A u g u s t . . .
J a c k s o n v ille E le c C o . J u ly _____
K a n C ity R y & L ig h t A u g u s t ___
L a k e S h o re E le c t r ic . . A u g u s t ___
L e x & In te r R y s C o . . A u g u s t ___
M et W e s t S id e E l c v . . S e p te m b e r
M llw E le c R y & L t C o A u g u s t ___
M llw L t H t & T r a c C o A u g u s t ___
M on trea l S treet R y . . W k Sep 24
N a sh v ille R y & L ig h t A u g u s t ___
N J & H R R y & F y Co A u g u s t ___
C u rrent
Y ear.
$
42,2 6 5
294 ,0 3 7
150 ,597
20.2 4 0
185 ,5 6 9
17,451
23,145
75.401
64,437
122,679
67,792
34.401
67 ,965
7,705!
134,163<
21,4481
192 ,844
41,030,
P revio u s
Y ea r.
J a n . 1 to latest date
C u rren t
Y ea r.
P rev io u s
Y ea r.
$
40,178
274 ,167 ! 1 ,964,040 1 ,8 0 1 ,7 7 2
131 ,434;
934,557!
8 1 0 .8 5 7
22,011!
85 ,886'
83,4 1 3
160,362! 1 ,4 0 1 ,5 3 0 1,2 2 2 ,8 3 1
15,477!
65,907
59,2 8 8
24,0741
131 ,357
139 ,3 7 2
65,205
4 4 9 ,0 1 4
4 9 8 ,6 9 3 !
56,290
475 ,1 8 9
4 3 2 ,8 1 0
107 ,089 ]
53 6 ,3 8 6
674,283!
66,259
564,321
5 5 7 ,5 4 5
32,630!
157,587
146 ,5 1 8
59,058,
338 ,6 8 6
2 8 9 ,2 7 7
6268,109!
1 1 8 6 2 ! 4 ,8 8 3 ,1 5 0 ] 4 ,3 7 2 ,6 6 1
19,913
569 ,9 7 0
625 ,2 1 3
167,350 1 ,3 7 6 .7 6 2 1 ,2 3 7 ,1 8 3
180 ,822
32,183!
233 ,672
125 ,118 105 ,690 ;
6 9 8 ,6 5 0
8 1 1 ,8 8 9 '
38,818!
172 ,9 0 3
33,441|
209,124!
271 ,213 233 ,155 !
32 ,640
23,529| 1 ,3 1 3 ,1 1 8 1 ,1 3 7 ,3 0 9
29,6 7 9
26,330
59,950
3 29 ,600
18,465
34,537
523,641 i
116 ,249
59,0851
211 ,468
3 3 7 ,4 3 9 j
100 ,796 '
74,3531
130 ,492
54,6231
2 8 ,6 S r
22,901;
51,166,
262 ,724 !
16,250!
27.5241
470 ,578
102 ,468
51 ,546
190,462
319 ,034
79,9 7 0
65 748
111 ,080
47,0 3 5
239 ,566
140 ,492
377,300]
2,035,918|
109,790
226 ,936
3 ,9 0 5 ,0 5 9 !
608,535;
361,5871
2 ,0 1 4 ,3 2 0 !
2 ,495,289)
542 ,033 ;
22 7 ,4 8 9
122 ,989
32 5 ,3 4 6
1 ,6 2 5 ,5 9 4
99 ,5 1 0
179 ,6 2 5
3,5 1 7 .1 4 1
575 .7 8 2
333 ,134
1 ,7 9 7 ,2 6 9
2 ,2 7 2 ,9 9 5
45 4 ,4 0 3
995 ,328
322,8671
872’,988
286 ,5 7 0
\
Got. 5 1907. |
Latest G ross E a rn in g s.
N a m e of
R oad.
N O R y & L ig h t C o .
N o rth O h io T r a c & L t
N o r f & P o r ts m T r Co
N o W e s tch e s te r L t Co
N o rth w e s te rn E l e v - .
O k la h o m a C ity R y _ _
P eek sk lll L ig h t & R R
P o r tla n d R y L t & P C o
P u g e t S ou n d E le c R y
R io d e Ja n eiro T ra m
L ig h t & P o w e r ____
R o c k fo r d & In teru r__
S t J os ep h (M o) R y Lt
H ea t & P o w e r C o . .
S a o P a u lo T r L t & P .
S a v a n n a h E le c tr ic Co
S c h u y lk ill R y C o ____
S o u th Side E le v a te d
S ou W isco n sin R y C o
S yra cu se R a p T r R y .
T o le d o R y s & L ig h t .
T o r o n t o R a ilw a y ____
T w in C ity R a p T ran
U n ite d R R o f San F r .
U n ite d R y s o f St L __
W e s t C h ester (P a ) R y
W h a t c o m C o R y & Lt,
855
THE CHRONICLE,
W eek o r
M o n th .
C u rren t
Y ea r.
J a n . 1 to latest date.
P rev io u s
Year.
C u rren t
Y ea r.
P r e v io u s
Y ea r.
3 ,3 4 2 ,9 1 9
1 ,1 3 0 ,0 6 2
1 ,1 2 0 ,1 9 5
56,382
1 ,0 9 1 ,4 9 0
112 ,038
95,2 6 5
2 ,2 5 3 ,9 7 9
--------G ross E a r n ’as— •— --------N e t E a rn in g s------C u rren t
P r e v io u s
O urrent
P r e v io u s
Y ear.
Y ea r.
Y ear.
Y ear.
R oads.
5
$
$
$
St Jos R y L t H t & P C o .A u g
85 950
7 5 ,6 3 4
44^,880
3 8 ,088
J an 1 t o A u g 3 1 _______
5 6 9 ,9 2 3
543 399
2 7 6 ,8 7 5
2 6 0 ,3 7 0
S a o P a u lo T r a m L t & P C o - A u g
1 68 ,993
1 7 0 ,0 1 6
1 0 8 ,5 7 3
1 0 8 ,0 3 6
J a n 1 to A u g 3 1 _______ 1 ,3 5 7 ,1 7 7
1 ,3 1 9 ,9 4 3
8 8 2 ,2 9 0
8 6 5 ,2 9 2
S a v a n n a h E le c C o . a ___ J u n e
5 1 ,8 3 6
5 8 ,2 2 4
1 8 ,4 3 7
28,0 5 9
J an 1 t o Ju n e 3 0 _______
2 8 3 ,6 3 7
3 0 4 ,0 0 8
9 4 ,9 0 9
1 2 1 ,2 1 7
S c h u y lk ill R a ilw a y C o _ _ A u g
2 2 ,1 5 0
1 1 ,5 4 3
_ _ j._________
J a n 1 t o A u g 3 1 _______
1 3 9 ,3 3 4
121 ,8 7 6
_______
S y ra cu se R a p T r a n s C o .A u g
1 0 7 ,9 8 2
9 2 ,3 4 6
4 6 ,191
3 9 ,2 4 9
J a n 1 t o A u g 3 1 _______
8 1 4 ,0 4 3
7 0 0 ,1 1 8
3 5 1 ,4 7 7
2 9 9 ,8 0 0
T w in C ity R a p T r a n C o b A u g
5 5 8 ,2 2 7
6 0 5 ,7 2 8
297 ,4 4 5
3 4 2 ,1 0 4
J a n 1 t o A u g 3 1 _______ 3 ,9 7 8 ,8 2 6
3 ,6 8 3 ,2 8 0 2 ,0 4 9 ,6 6 0
1 ,9 6 9 ,1 6 2
U n ite d R y s o f St L - a . . . A u g
9 5 6 ,2 4 0
8 97 ,651
3 4 6 ,0 7 9
329,25-1
Jan 1 t o A u g 3 1 ----------- 7 ,1 8 5 ,7 3 0
6 ,7 4 8 ,8 3 7 2 ,4 7 5 ,5 9 7
2 ,4 9 4 ,0 7 9
W e s t C h e s t e r (P a )S t R y .b .A u g
1 6 ,1 2 0
9 ,7 0 0
9 ,8 8 9
5,171
Jan 1 t o A u g 3 1 . ...........
9 0 ,1 0 4
5 7 ,2 0 4
4 8 ,2 7 3
2 6 ,717
W h a tcom C o R y & L t .a .J u ly
3 0 ,3 9 4
2 3 ,2 6 9
1 2 ,1 5 6
8,208
194 ,822
1 4 9 ,0 3 6
7 8 ,0 4 9
4 5 ,1 8 6
J a n 1 t o J u ly 3 1 _______
a N e t earn in gs here g iv e n are a fte r d e d u c t in g ta x e s ,
b N et e arn in gs here g iv e n are b e fo r e d e d u c t in g ta x e s .
J u l y --------A u g u s t ___
A u g u s t ___
A u g u s t ___
Si p te m b e r
A u g u s t ___
A u g u s t ___
A u g u s t ___
J u ly ______
$
466 , 748
216, ,146
307, 487
8, 700
146, 170
26, 732
16, 760
359, 347
171, 146
5
443 ,831
194 ,379
162 ,622
7,221
116,262
3 7,473
14,831
319 ,617
138,152
3 ,5 3 2 ,9 0 3
1 ,2 7 4 ,4 4 3
1 ,6 8 1 ,6 8 5
68,355
1 ,2 6 1 ,9 4 3
169.119
108,973
2 ,6 2 9 ,2 1 9
A u gust —
J u ly ______
555 , 746
61, 696;
52,881
4 ,0 2 8 ,7 3 0
334,686
285 ,598
569 ,923
1 ,3 5 7 ,1 7 7
283,637
139,334
1 ,459,031
103,253
814 ,043
834,881
543 ,3 9 9
1 ,3 1 9 ,9 4 3
304 ,0 0 8
121 ,876
1 ,2 7 7 ,5 7 2
83,1 7 2
7 0 0 ,1 1 8
784 ,391
4,389~961
4 ,0 7 5 ,0 6 7
Interest Charges and Surplus.
7 ,1 8 5 730
90,104
194,822
6 ,7 4 8 ,8 3 7
57,204
149 ,036
— I n t ., R en tals, & c .— — B a l. o f N c t E ’ n gs.—
C u rren t
P r e v io u s
O u rren t
P r e v io u s
Y ear.
Y ear.
Y ea r.
Y ea r.
R oads.
$
$
$
$
A u ro r a E lg in & C h ic a g o .A u g
2 6 ,9 8 6
2 4 ,9 3 3
5 0 ,1 4 8
4 3 ,8 3 8
J u ly 1 t o A u g 3 1 . . . . . .
5 4 ,4 9 4
4 9 ,8 7 8
9 9 ,9 8 4
89,7 2 5
B r o c k t o n & P ly m St R y .J u l y
1,731
1,7 9 7
7 ,3 6 3
6 ,6 6 7
Jan 1 t o J u ly 3 1 ________
12,501
1 2 ,7 8 5
6,2 0 0
4 ,7 8 2
C a pe B r e to n E lc c t C o . . J u l y
4 ,3 1 3
4 ,2 5 9
5,4 8 8
6,5 0 0
J a n 1 t o J u ly 3 1 ________
2 9 ,9 0 0
3 0 ,4 1 0
9 ,9 8 7
2 0 ,8 7 7
C h a rle sto n C on s R y ____ A u g
1 3 ,5 1 7
1 3 ,0 1 7
1 0 ,5 2 0
7.1 2 6
M ch 1 t o A u g 3 1 _______
8 1 ,1 0 0
7 7 ,9 5 0
60,211
5 1 ,6 9 9
C le v e P a in s v & E a s t ___ J u ly
6,7 9 6
7 ,1 0 8
1 1 ,7 1 2
9,7 4 8
J a n 1 t o J u ly 3 1 _______
5 0 ,0 7 2
4 8 ,3 1 4
2 3 ,2 9 0
16,3 2 8
D e tr o it J a c k s o n & C h ic .A u g
1 6 ,5 7 5
* d e f5 ,6 2 3
________
F e b 1 t® A u g 3 1 _______ *v 1 0 6 ,6 5 0
* d e f5 3 ,7 7 1
__________
D e tr o it U n ite d R y C o ___ A u g
116 ,5 3 7
1 0 6 ,8 5 0
#17 6 ,7 9 1
* 1 6 1 ,9 1 9
J a n 1 t o A u g 3 1 .............
9 1 2 ,5 4 9
8 1 7 ,0 5 5
£ 8 4 2 ,2 6 6
* 8 1 7 ,1 2 7
D u lu th S t R y C o _______ A u g
17,9 6 3
1 7 ,8 5 5
2 6 ,2 1 0
14,881
J a n 1 t o A u g 3 1 _______
1 4 1 ,8 8 6
140 ,7 8 5
135 ,203
99,1 9 3
E l P a so E le c C o ________ Ju n e
5,2 1 4
3 ,7 9 7
5 ,8 1 4
8 ,0 5 2
J an 1 t o Ju n e 3 0 _______
2 8 ,7 3 0
2 2 ,6 7 8
21,701
3 7 ,6 2 9
G a lv e s to n E le c t C o -------J u ly
4 ,1 6 7
4 ,1 6 7
14,620
11,802
J an 1 t o J u ly 3 1 ------------2 9 ,1 6 8
2 9 ,1 6 8
5 4 ,7 9 8
3 5 ,7 0 4
H o n o lu lu R a p T r a n C o . - A u g
6 ,2 4 9
5 ,2 5 8
* 7 ,5 2 5
* 7 ,1 0 5
J a n 1 t o A u g 3 1 .............
4 9 ,1 3 7
4 2 ,0 6 0
* 6 4 ,1 0 9
* 5 5 ,3 8 6
3 ,9 7 2
3 ,9 0 9
9 ,2 1 2
6 ,0 7 9
H o u g h to n Co St R y -------J u ly
Jan 1 t o J u ly 3 1 ............. ..
2 7 ,6 4 2
2 7 ,3 8 9
2 2 ,1 6 8
1 0 ,0 1 6
H o u s to n E le c t C o ______J u ly
11,0 4 3
10,066
12,348
8 611
J a n 1 t o J u ly 3 1 ________
6 8 ,6 2 9
6 3 ,8 5 6
5 9 ,6 0 5
4 9 ,9 7 8
J a c k s o n C on s T r C o ____ A u g
2 ,9 6 7
2 ,8 7 0
5 ,6 7 9
4 ,7 2 3
M a y 1 t o A u g 3 1 _______
1 1 ,8 6 7
1 1 ,5 1 6
2 0 ,2 7 2
16,2 0 3
J a c k s o n v ille E l e c t _______ J u ly
4,015
3 ,4 2 5
8,871
7 ,1 0 7
Jan 1 t o J u ly 3 1 ________
2 5 ,5 6 5
2 3 ,5 8 8
5 5 ,0 8 4
4 4 ,6 2 6
K a n s C ity R y & L t ____ A u g
155 ,9 0 6
1 4 3 ,8 6 4
104 ,505
9 6 ,1 3 8
J u n e 1 t o A u g 3 1 _______
4 6 3 ,7 3 3
4 2 0 ,3 5 0
2 7 9 ,1 5 2
259,751
M llw E le c R y & L t C o . . A u g
105 ,021
9 3 ,2 7 2
* 6 4 .9 9 4
* 8 2 ,0 6 2
J a n 1 t o A u g 3 1 _______
8 0 4 ,9 7 7
6 9 7 ,8 6 5
* 4 6 2 ,1 8 6
* 4 6 7 ,7 7 8
M ilw L t H t & T r C o ____ A u g
60,7 3 2
3 1 ,1 6 3
* 3 ,6 0 4
* 2 0 ,9 0 4
J a n 1 t o A u g 3 1 _______
3 3 0 ,6 7 2
2 0 7 ,8 3 3
* d e f l8 ,8 2 0
*6 9 ,3 2 3
M o n tre a l S t R y __________A u g
6 7 ,2 0 8
5 9 ,4 2 9
7 7 ,7 0 3
8 2 ,4 3 4
O ct 1 to A u g 3 1 ----------5 2 4 ,5 5 5
4 3 4 ,2 3 9
6 9 3 ,4 5 5
6 7 3 ,9 3 9
N ew O rlean s R y & L t . _ J u l y
1 6 6 .9 7 2
1 5 8 ,1 2 0
1 2 ,0 6 6
2 1 ,0 2 6
Jan 1 t o J u ly 3 1 ............. 1 ,1 6 2 ,1 9 9
1 ,0 7 1 ,0 9 7
5 1 0 ,8 2 3
4 6 6 .6 7 0
N o rth e rn O h io T r a c & L t . A u g
4 3 ,5 2 2
4 0 ,5 8 9
5 0 ,764
5 7 ,6 0 9
J a n 1 t o A u g 3 1 _______
339 ,881
3 2 1 ,0 0 2
1 9 8 ,1 5 0
1 3 1 ,8 5 6
P u get S oun d E l R y C o .- J u ly
3 2 ,7 3 9
2 5 ,5 8 5
3 6 ,8 6 2
2 8 ,1 5 9
11,948
11,262
6 ,4 8 9
16,797
S a v an n ah E le c t C o ____ Ju n e
J an 1 t o Ju n e 3 0 _______
7 2 ,2 1 3
6 7 ,6 3 7
22,6 9 6
5 3 ,5 8 0
S y ra cu se R a p T ra n C o . - A u g
26,6 1 3
2 3 ,8 9 2
* 1 9 ,6 5 6
x l 5 ,4 1 2
J an 1 to A u g 3 1 _______
2 0 4 ,1 3 5
183 ,0 4 3
* 1 4 8 ,0 4 1
* 1 1 9 ,5 8 7
T w in C ity R a p T ra n C o .A u g
1 1 5 ,1 4 2
1 1 4 ,7 5 8
182 ,303
2 27 ,346
J a n 1 t o A u g 3 1 ----------9 2 1 ,6 0 0
8 8 9 ,3 9 4
1 ,1 2 8 ,0 6 6
1 ,0 7 9 ,7 6 8
U n ite d R y s o f St L ---------A u g
2 32 ,506
2 3 1 ,7 3 2
113 ,573
9 7 ,5 1 9
J a n 1 t o (A u g 3 1 ............. 1 ,8 5 1 ,3 2 6
1 ,8 5 4 ,3 4 6
624,271
6 3 9 ,7 3 3
W e s t C h e ste r (P a ) S t R y .A u g
2 632
2 ,7 8 5
7 ,2 5 7
2,3 8 6
J a n 1 t o A u g 3 1 . .............
2 1 ,3 9 7
2 0 .9 3 7
2 6 ,8 7 6
5,780
W h a tcom Co R y & L t - .J u ly
6,751
3 ,7 5 9
5,4 0 5
4 ,4 4 9
J a n 1 t o J u ly 3 1 ...............
44,941
2 6 ,600
33,1 0 8
1 8 ,5 8 6
* A ft e r a llo w n g fo r o th e r In c o m e r e c e iv e d .
A u g u s t ___
85 950:
A u g u s t ___ 168, 993
J u n e ______
51 836!
22 510
A u g u s t ___
177, 383
S e p te m b e r
A u g u s t ___
13 826;
A u g u s t ___ 107, 982
M ay _____
173, 990
W k S ep 28
65, 630
3d w k Sep 119, 251
J u n e ______[ftla 2 1261
A u g u s t ___ I 956 2 4 0 1
A u g u s t ___ I 16 120'
J u l y _______
30 394!
75 ,634
170 ,016
58,224
134,623
11,819
92,3 4 6
167 ,8 4 7
58,762
105,348
448 ,455
897 ,651
9,7 0 0
23,269
W o F igu res fo r th e m o n th In b o t h y e a r s In clu d e o p e r a tio n s o f th e S cra n to n
R y . , a cq u ire d J a n . 1 1906. b F ig u re s are fro m F e b . 1. c T h e se figures are
fo r co n s o lid a te d c o m p a n y ,
d T h e se are resu lts fo r m ain line, f N o w in
clu d es R a p id R y . S y s t ., S a n d w ich W in d s o r & A m h e r s tb u r g R y . and D tr o it
M on roe & T o le d o S h ort L in e R y .
h T h ese are e a rly p r e lim in a r y returns
d ecrea se d u e t o e a r th q u a k e , fire a n d strik e a m o n g e m p lo y e e s , A u g . 26 t o
S e p t. 5 1906.
Street Railway Net Earnings.— In the following we show
both the gross and the net earnings to latest dates of all
STREET railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month we bring together all
the roads reporting, as is done to-day:
--------Gross E a rn ’gs-------- --------N et E a rn in g s-------C u rren t
P r e v io u s
C u rren t
P rev io u s
Y ea r.
Y ea r.
Y ea r.
Y ea r.
R oads.
$
5
S
$
A lb a n y & lH u d s o n -----------Ju ly
4 2 ,2 6 5
16,061
12,782
4 0 ,1 7 8
A u ro r a E lgin & C h ic a g o , A u g
150 ,597
131 ,434
7 7 ,1 3 4
68,777
J u ly 1 t o A u g 3 1 _______
30 2 ,8 4 9
267 ,2 3 1
154 ,4 7 8
1 3 9 ,6 0 3
8,464
17,451
9,0 9 4
B r o c k & P ly m St R y . a - J u l y
15,477
65,907
17,567
J a n 1 t o J u ly 3 1 _______
5 9 ,2 8 8
18 701
23,145
9.795
10,759
C a pe B reton E le c C o .a - J u l y
24,074
1 3 1 ,3 5 7
51,2 8 7
139 ,372
39,8 8 7
Jan 1 t o J u ly 3 1 _______
14,952
65,205
20,867
C en tra l P e n n a T r a c C o . . A u g
75,401
Jan 1 to A u g 3 1 _______
449 ,0 1 4
4 9 8 ,6 9 3
62,603
1 01 ,953
56,290
C h a rleston C on s R y . b - . A u g
64,437
2 0 ,1 4 3
2 4 ,0 3 7
328 ,5 0 4
129 ,6 4 9
3 6 7 ,3 7 8
M ch 1 t o A u g 3 1 _______
141 .311
71 ,474
C h ica g o & M llw E l e c .. A u g
122 ,679
107 ,0 8 9
76,9 4 7
323 ,493
J a n 1 t o A u g . 3 1 _______
6 7 4 ,2 8 3
5 3 6 ,3 8 6
39 1 ,6 3 8
16,856
C love P a ln s v & E a s t - a - J u l y
34,401
3 2,6 3 0
18,5 0 8
64,642
1 4 6 ,5 1 8
73,362
J a n 1 t o J u ly 3 1 _______
157 ,587
C leve S ou tln v & C o lu m .J u n e
67,965
5 9 ,058
27,7 0 0
27,281
133 ,505
J a n 1 t o Ju n e 3 0 _______
3 3 8 ,6 8 6
2 89 ,277
1 1 6 ,1 1 8
D e tr o it J a c k so n & C h ic a A u g
4 1 ,6 8 8
10,806
51,827
F e b 1 t o A u g 3 1 _______
243 ,994
615 ,0 0 4
289 ,339
265 ,387
686 ,2 2 4
D e tr o it U n ite d R y . a ___A u g
1 ,6 0 4 ,4 7 0
Jan 1 t o A u g 3 1 _______ 4 ,4 4 5 ,5 0 4 3,9 6 9 ,7 3 1
1 ,718,853
32 ,736
44,173
D u lu th S t R y C o . b ____ A u g
8 1 ,2 3 2
70,9 9 8
J a n 1 t o A u g 3 1 _______
5 5 1 ,2 7 4
5 0 2 .7 0 6
277 ,0 8 9
239 ,978
1 6 7 ,3 5 0
83,389
E a st S t L o u 's & S u b u r .- A u g
192 ,844
96 ,130
Jan 1 t o A u g 3 1 ----------- 1 ,3 7 6 ,7 6 2 1 ,2 3 7 ,1 8 3
639 ,2 3 0
616 ,975
11,028
32.183
11,849
E l P a so E le c C o ..a _______ Ju n e
41,0 3 0
50,431
60,307
J a n 1 t o Ju n e 3 0 _______
2 33 ,672
180 ,822
42,571
F t W a y n e & W a b V a lT rC o . A u g
1 2 5 ,1 1 8
55,071
1 0 5 ,6 9 0
6 98 ,650
324 ,8 6 2
267 ,155
J a n 1 t o A u g 3 1 _______
8 1 1 ,8 8 9
18,7 8 7
33,441
1 5 ,9 6 9
G a lv e sto n E le c C o . a . - J u l y
38,8 1 8
8 3 ,9 6 6
6 4 ,8 7 2
Jan 1 t o J u ly 3 1 _______
2 0 9 ,1 2 4
1 72 ,903
2 8,681
11,932
H o n o lu lu R a p T r & L t C o b A u g
2 9 ,6 7 9
13.138
2 27 ,489
93,4 6 7
107 ,595
J a n 1 to A u g 3 1 _______
239 ,5 6 6
22,901
13,184
H ou g h ton Co St R y .a - J u ly
26,3 3 0
9 ,9 8 8
1 2 2 ,9 8 9
4 9 ,8 1 0
37,405
Jan 1 t o J u ly 3 1 _______
140 ,4 9 2
5 1 ,1 6 6
23,391
H o u s to n E le c t C o . a . - J u l y
5 9 ,9 5 0
18,6 7 7
3 2 5 ,3 4 6
128 ,2 3 4
113 ,8 3 4
Jan 1 t o J u ly 3 1 _______
377 ,3 0 0
262 ,724
I llin o is T r a c tio n C o . a . - J u l y
3 2 9 ,6 0 0
146 .2 8 3
1 26 ,017
877 ,7 1 8
7 12 ,444
J an 1 t o J u ly 3 1 _______ 2 ,0 3 5 ,9 1 8 1 ,6 2 5 ,5 9 4
1 6,250
8,646
J a c k s o n C on sol T r a c C o . A u g
18,465
7 ,6 0 2
6 0 ,3 0 5
M a y 1 t o A u g 3 1 _______
68,521
3 2 .1 3 9
2 7 ,7 1 9
27,524
10,532
J a c k s o n v ille E le c t C o .a - J u l y
34,5 3 7
12,886
1 79 ,625
Jan 1 t o J u ly 3 1 .............
226 ,9 3 6
8 0 ,649
68,2 1 4
4 7 0 ,5 7 8
260,411
240 ,002
K a n sa s C ity R y & L t . b . A u g
523,641
1
,398,341
Ju n e 1 t o A u g 3 1 _______ 1 ,5 5 2 ,9 0 2
742 ,8 8 5
689,101
1 0 2 ,4 6 8
L a k e S h ore E l e c ---------------A u g
1 16 ,249
66.792
55,358
575 ,7 8 2
256 ,6 5 2
608 ,535
J a n 1 t o A u g 3 1 ----------2 6 8 .7 9 3
5 1 ,5 4 6
20,3 2 3
L e x in g t o n & l n t e r . J - . A u g
59,085
26,1 6 9
3 33 ,134
Jan 1 t o A u g 3 1 ----------361 ,5 8 7
126 ,4 0 0
107 ,767
39,4 7 6
M a n ila E le c t R y & L t - .J u n e
79,2 8 0
237 ,7 7 5
J a n 1 t o Ju n e 3 0 _______
366 ,8 0 8
3 19 ,034
1 6 1 ,9 2 0
16 9 ,0 2 6
M llw E le c R y & L t C o . b A u g
3 37 .439
2
,2
7
2
,9
9
5
1,2 1 7 ,3 4 3
1 ,1 3 5 ,9 5 8
Jan 1 t o A u g 3 1 _______ 2 ,4 9 5 ,2 8 9
7 9 ,9 7 0
5 1 .999
M llw L t H t & T r C o . b - - A u g
1 0 0 ,7 9 6
64,2 6 8
276 ,602
4 5 4 ,4 0 3
3 11 ,308
J an 1 t o A u g 3 1 _______
5 42 ,033
M on trea l S t R y __________A u g
329 ,7 5 5
3 0 0 ,2 7 8
144,911
141,863
1 ,2 1 8 ,0 1 0
1 ,1 0 8 ,1 7 8
O ot 1 t o A u g 3 1 _______ 3 ,1 6 4 ,3 9 9 2 ,7 9 4 ,9 4 7
443,831
1 79 ,146
179 .0 3 8
N ew O rlean s R y & L t . b J u ly
466 ,7 4 8
3 ,3 4 2 ,9 1 9
1,6 7 3 ,0 2 2
1,5 3 7 ,7 6 7
J a n 1 t o J u ly 3 1 ............. 3 ,5 3 2 ,9 0 3
162,622
57,3 9 2
135,944
N o r fo lk & P o r ts m T r C o . A u g
307 ,4 8 7
642 ,9 3 8
381 ,2 7 3
J a n 1 t o A u g 3 1 _______ 1 ,6 8 1 ,6 8 5 1 ,1 2 0 ,1 9 5
194 ,379
103 .286
9 8 ,198
N orth ern O h i o T r a c & L t .A u g
216 ,1 4 6
1 ,1 3 0 ,0 6 2
538,031
Jan 1 t o A u g 3 1 _______ 1 ,2 7 4 ,4 4 3
4 5 2 ,8 5 8
7,221
2,6 9 4
N o W e s tch e ste r L t C o .a . A u g
8 ,7 0 0
3,8 0 8
5 6 ,3 8 2
1 5 ,8 0 2
2 7 ,1 1 6
68,3 5 5
Jan 1 t o A u g 3 1 _______
17,473
8 ,3 5 1
2 6 ,732
10,232
O k la h o m a C ty R y C o . . _ A u g
5 0 ,990
11 2 ,0 3 8
62,387
J a n 1 t o A u g 3 1 .............
169 ,119
14,831
8,219
1 6 ,760
8,9 6 0
P e e k sk lll L t & R R C o . a . A u g
4 9 ,7 4 5
45,941
85,2 6 5
108 ,973
J a n 1 t o A u g 3 1 .............
3 1 9 ,6 1 7
136 ,748
1 71 ,313
3 59 ,347
P o r tla n d R y L t & P C o .A u g
2 ,2 5 3 ,9 7 9
1 ,0 0 7 ,1 5 2
1 ,0 8 6 ,9 7 5
J an 1 t o A u g 3 1 ............. 2 ,6 2 9 ,2 1 9
5 3 ,744
138 ,152
69,597
171 ,1 4 6
P u g e t S ou n d E l R y -------J u ly
R i o d e J a n e iro T r a m w a y
2 02 ,424
5 5 5 ,7 4 6
LAght & P o w e r C o -------A u g
1 ,3 1 8 ,0 7 4
Jan 1 t o A u g 3 1 ............. 4 ,0 2 8 ,7 3 0
30,617
61,696
52,881
► 27,107
R o c k fo r d & i n t e r u r .a - .J u ly
285,598
144 ,849
334 ,686
114,543
Jan 1 to J u ly 3 1 .............
ANNUAL REPORTS.
C o lo r a d o &
S ou th ern R y .
(Report jor the Fiscal Year ending June 30 1907.)
O n s u b s e q u e n t p a g e s w ill b e f o u n d t h e r e m a r k s o f P r e s id e n t
F r a n k T r u m b u ll a n d th e in c o m e a c c o u n t s h o w in g th e o p e r a
tio n s o f th e s y s te m , b a la n c e s h e e t, & c.
B e lo w w e g iv e c o m
p a r a tiv e
in c o m e
a ccou n t,
b a la n c e
sheet
and
o p e r a tin g
s t a t is t ic s :
O P E R A T IN G S T A T IS T IC S .
190 6-0 7.
1905 0 6 .
190 4 -0 5 .
A v e ra g e m iles o p e r a t e d - .........................
1,857
1,663
1 647
O pera tion s—
R e v e n u e passen gers c a r r ie d ___________
2 ,8 0 1 ,6 9 9
2 ,5 6 3 ,2 2 8
2 520 463
R e v e n u e passen gers ca rrie d 1 m ile ___ 1 3 0 ,0 3 3 ,3 3 2 1 07 ,821 ,62 1
8 l ’0 7 2 ’033
R a te p e r p a ssen ger p e r m i l e ..................
2.441 c ts .
2 .4 1 5 e ts .
2 .5 3 3 cts
7 ,0 9 0 ,9 0 1
6 ,2 4 5 ,0 4 8
5 ,0 3 8 ,2 8 9
R e v e n u e fre ig h t ( t o n s ) - . . ............. .........
R e v e n u e fre ig h t (to n s) 1 m i l e . . ...........9 2 6 ,3 6 9 ,9 5 4 8 3 7 ,8 4 2 ,7 5 2 650 144 98»
R a te p e r t o n p e r m ile --------------------------1.0 5 0 c ts .
1 .0 2 5 c ts .
1 072 ctp
A v e ra g e rev en u e tra in -lo a d (to n s ) ___
2 7 4 .9 8
271 .9 4
247 85
$1.28
* 1 .1 7
SO 96
E a rn in g s p e r p assen g er tra in m ile ____
E a rn in g s p e r fre ig h t tra in m i l e . ...........
5 2 .8 9
$2.79
$2 66
G ross earn in gs p e r m ile ...........................
$7,244
$ 7 ,0 0 7
$5 734
E a rn in g s —
F re ig h t .......................................................... $ 9 ,7 2 3 ,9 6 2
$ 8 ,5 9 2 ,5 2 7
$ 6 ,9 7 0 ,0 0 0
P a sse n g e r........................................................
3 ,1 7 3 ,8 5 7
2 ,6 0 3 ,6 9 1
2 ,0 5 3 279
E x p r e ss , m a il, & c .......................................
5 5 8 ,6 7 0
4 5 7 ,2 2 8
4 2 0 ,1 4 7
T o t a l e a r n in g s - ..................................... .$ 1 3 ,4 5 6 ,4 8 9
E x p en se s —
M a in te n a n ce o f w a y , & c ........................ $ 2 , 2 2 6 , 5 0 4
M a in te n a n ce o f e q u ip m e n t ........ ............
1 ,7 6 9 .8 0 3
4 ,8 0 7 ,6 3 0
C o n d u c tin g t r a n s p o r t a t io n ...................
G en eral e x p e n s e s -........................................
4 4 2 ,9 8 2
$ 1 1 ,6 5 3 ,4 4 6
5 9 ,4 4 3 ,4 2 6
$ 1 ,9 5 9 ,1 8 4
1 ,5 1 9 ,9 1 3
4 ,0 1 9 ,9 8 2
4 0 3 ,1 3 2
$ 1 ,£90,831
1,297 488
3 ,3 6 9 ,3 2 9
353 ,567
T o t a l e x p e n s e s -...................... .................$ 9 ,2 4 6 ,9 1 9
P .c . o f o p . e x p , t o e a r n in g s ----------------(6 8 .7 1 )
N e t e a r n in g s - ............................................... $ 4 ,2 0 9 ,5 7 0
$ 7 .9 0 2 .2 1 2
(6 7 .8 1 )
$ 3 ,7 5 1 ,2 3 4
$ 6 ,9 1 1 ,2 1 6
(73 19)
$2 532 210
THE CHRONICLE.
IN C O M E A C C O U N T .
1907.
N et earnings (as a b o v e ) . . --------------------- — . ---------$ 4 ,2 0 9 ,0 7 0
In c o m e fro m in v e s tm e n ts , & c ____________________
111,082
1906.
$3 ,7 5 1 ,2 3 4
157 ,274
N et In c o m e ________________________________________ $ 4 ,3 2 0 ,6 5 2
D ed u ction s—
T a x e s _____________ —__________________________________ $33 5,19 5
In terest o n b o n d s, & c ----------------------------------------------- 1 ,8 2 4 ,6 2 5
In terest o n eq u ip m e n t b o n d s, & c _________________
51,994
O th er in t e r e s t ------------------------------------------------------------16,980
$ 3 ,9 0 8 ,5 0 8
$ 2 ,0 9 1 ,8 5 8
124,288
$1,766,212
$ 2 ,2 1 6 ,1 4 6
First p referred d iv id e n d _________________________ ( 4 % ) 340 ,000
S econ d p referre d d iv id e n d _______________________ (2 % ) 170,000
D is c ’t w ritte n o ff o n b on d s s o ld ____________________
2 50 ,000
U n c o lle e t ib ie a c c o u n t s , & c _________________________
3,169
$ 1 ,7 6 6 ,2 1 2
(2 % ) 170,000
Su rplu s o f lin es a d d e d d u rin g y e a r at tim e o f a c q ’n
$31 2,09 5
1 ,7 7 9 ,8 9 9
33,862
16,440
36 9 ,0 5 9
6,097
$ 1 ,2 2 1 ,0 5 6
$ 1 ,4 5 2 ,9 7 7
B A L jA N C E S H E E T J U N E 30.
1906
1906
1907
$
Liabilities—
$
$
Cost of r’d& equip 81,824,591 80,494,132 1st pref s tock ____ 8,500 ,000 8 ,500,000
2d pref. stock___ 8,500 000 8 ,500,000
New and leased
g,9J0,t>71 5,173,330 Common s to c k -. 31,000,,000 31 ,000,000
e q u ip t _______
Improvements _.
2,057,092 1,331,091 Stocks controlled
626,865
cos. not owned e503,
1st M . bonds in
Funded debt (see
treas__________
300,000
,233,637
R y .& Ind.Sec) 50,467,
lter.& ext.M .b'ds
Equip, bonds &
in treas_______
1,413,804
624,000
leases___________ 2,928 .789
R ef.& ext.M .bd’ s
Bills payable____ 1,140 185
held for bet’m’s
465,359
514,177
Vouchers . . .........
802 947
Securities ot other
458,498
576 ,643
cos. at cost__ al0,211,347
4,592,316 Pay r o ll s _______
123,286
Foreign roads___
388 652
Const, adv. to oth
c o s ______ . . . . 61,373,305 1,048,640 Int. on b ’ds due
98,575
& unpaid_____ ____92 ,925
Material & suppl _
1.378,741 1,071,296
461,055
538 ,11S
Cash ___________
1,794,334 1,146,569 Int.acr’d not due.
260,536
279 ,342
Indi v'ds & eos__
575,753
478,514 Taxes accrued___
242,142
392 ,378
A gts. & conduc.
301,294
264,034 R e se rv e s _______
63,506
U .S. Government
30,288
25,356 M iscellaneous_______27 ,775
,246,291
10,145 Profit & lo s s ------ 4,699 ,268
Traffic balances.
112.027
39.193
Bills receivable. .
27,520
244,275
Special funds____
40,988
Miscellaneous___
31,022
33,676!
B a la n ce, su r p lu s .
T o t a l ________ 110,838,136 95,952,568
T o t a l _________ 110,838,136 95,952,568
a Half interest in $2,477,400 Colorado Midland preferred and $1,710,100 common
stock: Trinity & Brazos Valley stock. $299,100: W ichita Valley stork, $60,100;
Wichita Falls i Oklahoma stock, $22,100; Abilene & Northern stock, $39,100:
Fort Collins Developm ent R y . stock, $99,300; Gilpin R R . stock, $108,550; Union
Depot & R y . C o. stock, $80,000: Pueblo Union Depot & R R . stock and sinking fund,
$21,720; Fort W orth & D enver Terminal R y . stock, $200,000; Miscellaneous stocks,
$288,200; total par value of stocks, $5,405,670. Trinity & Brazos Valley first
mortgage bonds. $7,425,000; W ichita Valley first mortgage bonus, $488,000,
W ichita Falls & Oklahoma first mortgage bonds, $173,000; Abilene & Northern first
mortgage bonds, $201,000; Fort W orth & Denver Terminal R y . bonds, $200,000;
other bonds. $235,000; total par value o f bonds, $8,722,000; Trinity & Brazos
Valley certificates o f indebtedness, $59,362; total par value o f all securities,
$14,187,032.
6 Includes Fort Collins Developm ent R y . $49,514; Colorado R R . $172,226:
Denver & Interurban $253,567; Walsenburg & Western $7,596; W ichita Falls &
Oklahoma $188,575; W ichita Falls & Oklahoma $9,704; Abilene & Northern,
$31,191; Fort W orth & Denver Terminal $189,992; Dallas Terminals $126,626;
Trinity & Brazos Valley $36,488; H ouston Belt & Terminal R y . $197,309; G alt'eston Terminal R y . $110,517.
• c Includes Colorado Springs & Crinole Creek District R v . $900: Fort W orth &
Denver Citv R y ., Including $172,472 "stam ped,” $501,397: W ichita Valley R y .
$900 — V . 85, p. 793.
Atlantic Coast Line RR.
{Estimated Results for Year ended June 30 1907.)
The following is an advance statement compared with
previous years:
190 6-0 7.
O p era tin g e x p e n s e s ____________________
19,5 8 7 ,3 7 8
^ • N et e a r n in g s ________________________ $7,1 8 4 ,1 5 0
Interest and d iv id e n d s on in v e s tm e n ts 2 ,4 0 9 ,6 5 6
R en ts and m is c e lla n e o u s ______________
263,772
190 4-0 5.
1905-06.
$ 2 4 ,8 6 8 ,4 4 8 $ 2 2 ,2 2 2 ,9 0 2
1 3,4 4 5 ,7 6 8
1 6 ,0 8 2 ,3 3 0
$ 8 ,786,118
2,2 2 5 ,9 2 9
3 40 ,005
$ 8,7 7 7 ,1 3 5
2 ,0 1 1 ,0 3 4
265,714
$ 1 1 ,3 5 2 ,0 5 2 $ 11 ,053 ,88 4
D ed u c t—
$ 4 ,6 8 5 ,3 8 6
.In terest on fu n d e d d e b t ----------------------- $4,8 7 2 ,8 6 8 $ 4,7 7 2 ,4 6 8
8 5 6 ,7 4 4
862 ,7 9 2
In terest on c e r tific a te s ________________
8 62 ,766
In terest o n 3 -y e a r n o t e s ........ ............—
83,3 3 3
7 4 4 ,0 0 0
8 09 ,870
T a x e s ____________________ - _____________
854 ,6 4 9
98,041
89,980
R en ta l and m is c e lla n e o u s ____________
66,006
79,830
8 6 ,3 3 5
D iv id e n d s o n p r e fe rre d ( 5 % ) ------------79,830
D iv id en d s o n c o m m o n ____________ (6 % )2 ,9 1 2 ,2 5 6 (6 )2 ,6 3 8 ,8 0 0 (5 )2 ,0 1 5 ,7 5 0
125 ,869
Surplus in c o m e fo r y e a r .
C om pa re V . 8 5 , p . 4 6 8 .
2,098,312
2 ,5 6 7 ,6 2 8
Erie Railroad.
Y e a r e n d i n g J u n e 30 1907.)
Below is published a comparative statement for several
years of the operations, earnings, charges, &c., and the
balance sheet. The report will be given more fully next
Week;
{R ep o rt fo r F is c a l
O P E R A T IO N S A N D E Q U IP M E N T .
1903-04 •
190 5-0 6.
1 90 4-0 5.
190 6 -0 7 .
2,151
2,151
2,151
2,101
M iles op e r a te d --------------E q u ip m en t—
1,255
1,410
1,292
1,384
L o c o m o t iv e s
--------------1,041
1,027
1,061
1,096
P a ssen ger e q u ip m e n t ___
51,514
52,825
51,3451
5 3 ,4 8 0
F re ig h t e q u ip m e n t ______
1,480
1,955
1,573
S a r v .c a r s .s n o w -p lo w s , &e
542
530
461
498
F lo a tin g e q u ip m e n t ------O perations—
2 0 ,3 9 5 ,4 4 0
22 ,8 1 6 ,0 2 2
2 0 ,7 5 5 ,4 1 4
P a ssen gers c a r r i e d .......... 24 ,1 9 9 ,7 2 3
P a ss, ca rried 1 m ile -------63 3 9 ,792 ,61 0 5 9 8 ,6 5 5 ,7 5 5 5 6 8 ,3 1 8 ,1 4 4 5 4 9 ,7 5 7 ,6 4 0
1 .478 c ts .
1.4 6 9 Cts.
1 .500 c ts .
1.478 Cts.
R a te p er pass, p e r m lle .
3 1 ,5 6 1 ,6 2 3
36 ,3 5 5 ,3 8 2
2 9 ,8 3 5 ,1 0 5
F relg h t (ton s) c a r r ie d . . 3 9 ,1 6 9 ,6 1 7
5 ,9 4 4 ,3 7 9
5 ,1 8 9 ,1 5 8
6 ,2 7 5 ,6 3 0
5 ,1 6 3 ,5 9 5
F reigh t (ton s) c a r r ’d 1 m ’
0.6 2 7 c ts .
0.6 2 3 cts.
0.6 1 4 cts.
0.5 9 8 c ts .
H ate p e r to n p er m ile —
412
400
454
472
A v . t r .-lo a d (re v .) t o n s .
$1,114
$1,214
$1,108
$1,211
E arn s, p e r pass. tr. m ile
$2,719
$2,569
$ 2.507
$2,897
K a m s. p e r fr ’ t tr. m ile . .
$20 ,140
$20 ,000
$22 ,065
$23,801
G ross e a rn in g s p e r m ile .
*000s o m itte d .
E A R N IN G S A N D E X P E N S E S .
1903-04.
190 4-0 5.
190 6 -0 7 .
190 5-0 6.
$
$
E a rn in g s—
$
$
2 0 ,4 2 1 ,3 5 3
F r e ig h t________ . . . ______ 2 5 ,1 1 4 ,6 8 3
2 3 ,5 0 6 ,4 4 4 2 0 ,5 5 3 ,0 0 3
12,1 0 1 ,3 8 9
C oal
________ _________ 1 3 ,4 3 5 ,4 0 9
1 2 ,0 4 9 ,4 9 3 11,6 2 8 ,3 7 6
8 ,3 9 7 ,3 6 8
8 ,0 7 7 ,4 6 4
P a s s e n g e r _______________
9 ,4 5 8 ,2 8 2
8,9 8 2 ,8 1 1
48 6 ,7 9 9
485 ,7 0 9
M a i l _____________________
4 9 5 ,4 5 8
5 03 ,307
855 ,347
918 ,958
E x p r e s s __________- ______
1 ,0 2 5 ,0 9 3
1 ,0 9 2 ,9 2 8
151 ,993
159,457
R e n ts ____________ ______
2 2 4 ,9 7 8
2 02 ,213
1,185,151
9 04 ,493
M is c e lla n e o u s ___________
1 ,4 4 0 ,2 1 0
1 ,1 2 4 ,2 0 5
E a rn in g s— R a i l r o a d . . 5 1 ,1 9 4 ,1 1 3
E a rn s .— O th e r o p e r a t ’n s 2 ,7 2 0 ,7 1 4
T o ta l e a r n in g s ...............
5 3 ,9 1 4 ,8 2 7
4 7 ,4 6 1 ,4 0 2
2 ,5 4 1 ,2 3 2
4 3 ,3 2 1 ,6 4 7
2,4 0 3 ,0 9 1
4 3 ,0 0 5 ,2 1 3
2 ,1 9 5 ,9 5 0
5 0 ,0 0 2 ,6 3 4
4 5 ,7 2 4 ,7 3 8
4 5 ,2 0 1 ,1 6 3
[V o l .
190 6-0 7.
E x p en ses —
$
M a in te n a n ce o f w a y , & c.
5 ,0 8 7 ,9 7 5
8 ,1 4 7 ,5 3 7
M a ln t. o f e q u ip m e n t ___
C o n d u c t in g tr a n s p o r t’n . 1 8 ,1 0 7 ,4 8 5
T r a ffic d e p a r t m e n t ____
967 ,923
G eneral e x p e n s e s _______
1 ,2 6 9 ,0 3 9
T a x e s ..................................
1 ,4 4 2 ,7 9 8
1905-06.
S
4 ,6 0 0 ,2 3 0
8 ,6 7 7 ,9 0 4
1 6 ,6 4 4 ,7 2 3
904,771
1 ,2 3 1 ,5 0 0
1 ,0 1 7 ,5 0 5
3,5 5 3 ,4 1 0
7 ,595,751
16,5 4 4 ,3 6 5
912 ,1 2 4
1 ,1 1 6 ,5 3 9
990 .648
$
1903-04.
$
3 ,9 5 7 ,3 5 7
6,5 6 8 ,3 0 1
1 6 ,7 6 5 ,9 7 6
88 2 ,7 0 8
1,1 0 4 ,5 5 4
9 83 ,813
E x p e n s e s — R a ilr o a d . 3 5 ,0 2 2 ,7 5 7
E x p e n se s— O t h e r o p e r . .
3 ,1 4 4 ,2 8 2
3 3 ,0 7 6 ,6 3 5
2 ,7 9 6 ,2 0 3
30 ,7 1 2 .8 3 7
2 ,4 2 9 .3 7 2
3 0 ,2 6 2 ,7 0 9
2 ,3 1 9 ,1 2 9
T o t a l e x p e n s e s _______ 3 8 ,1 6 7 ,0 3 9
R a tio o f e x p . to e a r n s . (70.79)
N e t ea rn in g s — R a ilr o a d . 1 6 ,1 7 1 ,3 5 6
N e t e a m ln g s — a l l o p e r . . 1 5 ,7 4 7 ,7 8 8
3 5 ,8 7 2 ,8 3 8
(71.74)
14,3 8 4 ,7 6 7
14,1 2 9 ,7 9 7
33 ,1 4 2 ,2 0 8
(72.48)
12,6 0 8 ,8 1 0
1 2,582,530
3 2 ,5 8 1 ,8 3 8
(72.08)
1 2 ,7 4 2 ,5 0 4
1 2 ,619,325
1904-05.
$
12,5 8 2 ,5 3 0
373 .9 6 4
2 ,1 9 0 ,4 3 9
114 ,084
1903-04.
$
12,6 1 9 ,3 2 5
382 ,6 3 7
1 ,993,911
3 0 ,1 7 0
IN C O M E A C C O U N T .
1906-07.
1905-06.
R eceip ts—
$
$
14,1 2 9 ,7 9 7
N e t e a r n in g s _________ . . 15,7 4 7 ,7 8 8
647 ,114
In te re st o n s e c u r ltle s .
482 ,9 8 8
1 1 ,5 9 5 ,1 4 0
E rle co a l c o m p a n i e s ., ,.\ 1,555,511
in te re s t a n d d is c o u n t . ■-J
\
99,714
1904-05.
lx x x v .
. 1 7 ,9 5 0 ,4 1 3
1 6 ,3 0 7 ,6 3 9
1 5 ,2 6 1 ,0 1 7
1 5 ,0 2 6 ,0 4 3
T o t a l n e t in c o m e
D ed u ctio n s—
9 ,5 7 2 ,6 2 8
9 ,2 4 6 ,9 4 8
In te re st on b o n d s _______
8 ,8 9 1 .0 7 7
,5 9 3 ,6 8 8
1 ,1 4 7 ,5 0 2
1 ,094,575
R e n ta ls leased lin e s ____
1,1 5 3 ,6 2 3
,0 53,969
169,330
172,827
176.893
189,204
P . c . d u e leased lin e s ___
In te re st o n ca r tr u s ts ___
602 ,922
3 97 ,562
264 ,2 4 9
284 ,791
P e n n . C oal C o . sinking5 54 ,373
379 ,0 8 3
3 6 8 ,5 8 0
fu n d & m isce lla n e o u s .
3 5 2 ,3 3 9
1 ,6 4 2 ,0 2 9
1 ,9 2 6 ,9 7 5
1,3 6 0 .5 5 5
1 ,5 4 0 ,3 2 0
A d d it io n s & im p r o v ’m ts
D iv .o n 1st p r e fe r r e d . (4 % ) 1 ,9 1 5 ,6 9 6 (4 )1 .9 1 5 .6 9 6 (4 )1 ,9 1 5 ,6 9 6 (4 )1 ,9 1 5 ,6 9 6
D lv . o n 2d p r e f ________ (4 % )6 4 0 ,0 0 0
(4 )6 4 0 ,0 0 0
(4 )6 4 0 ,0 0 0
T o t a l _________ _______
S u r p l u s _________________
1 6 ,2 4 4 ,4 8 0
1 ,7 0 5 ,9 3 3
1 5 ,7 7 3 ,6 6 4
533 ,9 7 5
1 4 ,7 7 0 ,6 7 3
490 ,344
13,9 3 0 ,0 0 7
1 ,0 9 6 ,0 3 6
C O N D E N S E D G E N E R A L B A L A N C E S H E E T J U N E 30.
1907.
1906.
1905.
.4 ssets—
$
S
$
C ost o f ro a d a n d e q u ip m e n t _________ 38 1 ,9 9 8 ,2 5 5 3 7 0 ,8 6 5 ,8 8 0 3 3 2,8 9 0 ,2 4 4
S ecurities in treasu ry h eld fo r c o n
s tr u c tio n p u r p o s e s __________________
4 ,7 5 0 ,0 0 0
1 , 0 0 0 ,0 0 0
5 ,8 0 9 ,0 7 3
S e cu iitle s held fo r general p u r p o s e s -.
8 ,9 5 9 ,9 9 0
9 ,2 4 8 ,7 8 9
578 ,926
578 ,926
S ecurities to be p le d g e d _____ ______ _ .
578 ,926
5 ,7 4 8 ,9 0 0
N . Y . Sus. & W . c o m m o n s t o c k ____
5 .7 4 8 ,9 0 0
5 ,7 4 8 ,9 0 0
6 ,2 6 2 ,4 0 0
do
do
p re fe rre d s t o c k ____
6 ,2 6 2 ,4 0 0
6 ,2 6 2 .4 0 0
2 ,5 1 2 ,6 4 4
3 ,8 8 2 ,0 5 0
5 ,0 8 8 ,2 7 5
M aterials a n d su p p lie s ________________
5 0 0 ,0 0 0
S ecurities fo r in su ra n ce f u n d _________
500 ,0 0 0
5 0 0 .0 0 0
1 ,0 3 7 ,5 7 4
P e n n . c o ll. trust’ b o n d s r e d e e m e d ------1 ,7 9 6 ,0 0 2
1 ,272,112
7 ,5 0 1 ,8 3 0
C a s h ____________________________________
6 ,5 1 7 ,4 9 9
7 ,6 7 5 ,8 0 4
Cash In tra n sit fro m a g e n ts , & c _____
1 ,4 7 5 ,1 7 9
1 ,1 5 3 ,8 6 6
1 ,0 1 8 ,0 2 2
8 ,4 7 6 ,8 0 0
Cash fo r n e w e q u ip m e n t_____________
_______
715 ,772
D ue fro m a g en ts a n d c o n d u c t o r s ____
1,0 2 0 ,0 1 4
45 3 ,3 5 5
126,822
122 ,404
D u e fro m U . S . G o v e r n m e n t_________
120,117
2 ,4 9 6 ,6 2 0
D ue fro m c o m p a n ie s & I n d iv id u a ls ..
2 ,3 6 9 ,8 0 2
1 ,8 7 6 ,8 1 9
D ue fro m s u b sid ia ry c o m p a n ie s _____
1,8 9 2 ,1 7 6
3 ,6 4 4 ,4 1 8
2 ,6 7 9 ,8 1 8
D u e fro m s u b s ld . c o s . a c c t . c o n s t r ’n .
4 ,8 5 0 ,0 0 0
2 2 4 ,6 3 9
M is ce lla n e o u s ___________________________
300 ,413
58 ,4 7 0
2.000,000
T o ta l a sse ts --------------------------------------- 434 22 7 ,9 4 8 4 2 4 ,6 9 9 .2 2 4 4 0 0 ,2 2 4 .3 5 5
L ia b ilities—
4 7 ,8 9 2 ,4 0 0
S to c k , 1st p r e f., n o n -c u m u la t iv e ____ 47 892 .4 0 0
4 7 ,8 9 2 ,4 0 0
1 6 ,0 0 0 ,0 0 0
1 6 ,0 0 0 ,0 0 0
do
2d p r e f., n o n - c u m u l a t lv e ____ 16 000 ,0 0 0
d o c o m m o n ________________________ 112 378 .9 0 0 1 1 2 .3 7 8 .9 0 0 1 1 2 ,3 7 8 ,9 0 0
B o n d e d d e b t , Erie R R . C o ___________173 79 8 .4 0 0 170 ,7 9 8 .4 0 0 1 5 7 ,1 9 5 ,6 0 0
2 3 ,9 6 0 ,5 0 0
do
do
leased lin e s ____________ 23 535 ,5 0 0
2 3 ,5 3 6 ,5 0 0
1 2 ,3 0 0 ,0 0 0
do
do
C h ic. & c,rle R R . C o . . 12 300 .0 0 0
1 2 ,3 0 0 .0 0 0
613,424
637 ,8 0 7
639 ,475
C o n s tru ctio n o b lig a t io n s _____________
647 ,350
M ortg ages o n real e s t a t e _____________
6 9 4 ,8 5 0
7 6 2 ,8 5 0
B ills p a y a b le ___________________________
6 500 .000
5 ,7 0 3 ,4 1 9
E q u ip m e n t trusts ( n e w ) _____________ 13 347 .400
14,547”, 023
3 5 2 ,0 6 0
do
N . Y . P . & O . R R _____
517 ,1 8 3
6 7 5 ,1 1 5
1 ,9 3 5 ,6 1 0
i n t . a n d rentals a c c r u e d , n o t d u e ------2 035,224
1,7 5 4 ,3 2 4
676 ,789
6 90 ,605
M iscella n eou s reserve fu n d ___________
5 0 5 ,4 7 0
P e n n . C oal C o . s in k in g fu n d _________
2 000 ,559
1 ,570,382
1 ,2 0 4 ,7 8 0
In te re s t d u e a n d u n p a id --------------------1 850 ,863
1 ,8 3 6 ,8 9 9
1,811,C 64
196 .900
189,263
R e n ta ls due a n d u n p a i d _____________
1 81,335
D iv id e n d s ----------------------------------------------1, 597 ,848
1 ,5 9 7 ,8 4 8
1 ,5 9 7 ,8 4 8
F u n d fo r Im p r o v e m e n ts ----------------------118,274
327 ,8 4 4
249 ,783
1 ,6 1 7 ,9 6 8
P a y -r o lls ________________________________
1, 883 ,236
1.688,981
1 ,5 3 9 ,3 4 0
A u d ite d v o u c h e r s _____________________
2, 0 17 ,459
2 ,9 1 8 ,9 3 8
D ue c o n n e c t in g lin e s __________________
6 7 2 ,8 8 2
831 ,298
7 1 4 ,3 5 6
20,4 8 8
12,649
M isce lla n e o u s___________________________
24,5 3 4
1 1 ,9 7 9 ,4 6 2
11 ,490,591
P r o lit a n d lo s s ........................... ...................13, 633 ,577
T o t a l lia b ilitie s ............... ..................... .4 3 4 ,2 2 7 ,9 4 8 4 2 4 ,6 9 9 .2 2 4 4 0 0 ,2 2 4 ,3 5 5
— V . 85, p . 654 . 530.
Louisville & Nashville Railroad.
{Report for the Fiscal Year ended June 30 1907.)
The annual report of the Board of Directors (Mr. H. Wal
ters, Chairman, and Mr. M. H. Smith, Prenident), will be
given more fully in the “ Chronicle" next week.
The statistics for four years have been compiled for the
“ Chronicle” as below:
R O A D A N D E Q U IP M E N T .
190 5-0 6.
1904-05.
190 6-0 7.
1 903-04.
4 ,131
3.826
A v e r a g e m iles o p e r a t e d .
4,3 0 6
3,6 1 8
E q u ip m en t—
745
L o c o m o t iv e s ________
706
865
676
535
P a ssen ger c a r s ________
559
516
501
36,633
33,241
F r e ig h t, & c ., c a r s ____
39,528
3 0 ,9 0 5
1,289
R o a d w a y c a r s ________
1,452
1.149
779
O perations—
P a ssen gers c a r r ie d _____ 1 0 ,908.545
1 0 ,6 6 6 ,5 0 0
9 ,5 1 8 ,7 0 5
8 ,6 4 7 ,4 6 9
P a ssen gers carried 1 m lle 4 3 2 ,8 2 7 ,0 3 5 3 6 2 ,7 4 5 ,0 9 3 37 0 .0 8 4 ,2 2 0 3 1 4 ,6 8 1 ,8 9 2
2 .4 3 c ts .
2 .2 8 c ts .
R a te p e r pass, p e r m ile .
2.37 cts.
2.3 8 c ts .
F re ig h t (ton s) carried . a 2 6 ,0 9 3 ,7 9 8
2 4 ,5 5 3 ,8 3 2
2 1 ,0 4 1 ,0 0 0 2 1 .4 2 9 ,2 7 8
F re ig h t (ton s) c a r ’d 1 m .4395620480 3925707333 3505899658 *4 6 0 3 5 4 6 0 3
R a te p er to n p e r m ile ___
0.801 c ts .
0 .8 0 3 c ts .
0.791 c ts .
0 .7 9 0 c ts .
231
230
229
234
A v . t r a in -lo a d (r e v .) to n s
E a rn in g s p er re ve n u e
$1,284
$1,231
passen g er tra in m l l e . .
$1.2 5 1 5
$1,314
E a rn ln g s p er reven u e
$1,851
$ 1,852
$1 ,850
fre ig h t tra in m ile ____
$1,812
$ 11 ,208
$ 10,210
G ross ea rn in gs p er m lle $10 ,412
$10 ,066
a N o t In c lu d in g c o m p a n y ’ s fre ig h t.
E A R N IN G S A N D E X P E N S E S .
1 90 6-0 7.
1905-06.
190 4-0 6.
E a rn in g s fro m —
$
$
$
F r e i g h t __________________ 35,2 3 5 ,7 8 7
3 1 ,5 3 6 ,2 0 7
2 7 .7 3 2 .6 2 6
P a ss e n g e rs _______________ 1 0 ,4 1 7 ,4 7 0
8 ,9 8 5 ,2 1 6
8 ,6 1 9 ,6 5 0
M a i l ........ ...............................
883 .4 3 4
907 ,339
8 9 0 ,5 2 *
E x p r e s s ................................. 1 ,0 7 8 ,6 0 0
958 ,386
8 58 ,772
M is c e lla n e o u s ----------------648,654
4 15 ,5 0 4
621 ,849
1 90 3-0 4.
$
2 7 ,3 4 8 ,8 1 7
7 ,6 4 3 .6 8 6
8 0 6 ,7 1 5
8 14 ,008
3 3 0 ,5 6 8
T o t a l gross e a r n i n g s ,. 4 8 ,2 6 3 ,9 4 5
O perating E x p en se s —
T ra n sp o rta tio n ------------- 1 7 ,9 7 2 ,3 4 8
M ain ten an ce o f w a y , & c.
8 ,0 6 5 ,8 9 8
M a in te n a n ce o f c q u lp m ’ t 8,7 0 9 ,6 1 1
G e n e r a l --------------------------1 ,0 3 3 ,4 4 6
4 3 ,0 0 8 ,9 9 6
3 8 ,517,071
3 6 ,9 4 3 ,7 9 3
1 5 ,6 3 9 ,4 2 0
6 ,5 3 7 ,6 9 7
7 ,7 9 1 ,8 6 3
9 64 ,483
1 3 ,5 0 9 ,7 8 6
5 ,7 0 2 ,5 3 *
6 ,3 4 6 ,0 9 8
931 ,610
13 .0 0 4 ,5 3 5
5 ,7 0 1 .4 4 2
6 ,5 9 9 ,0 2 8
836 ,5 4 4
O p . e x p . , e x c l. t a x e s . 3 5 ,7 8 1 ,3 0 2
P .c . o p . e x p . t o earn in gs
(74.14)
N et e a r n in g s ____________ 1 2 ,4 8 2 ,6 4 3
3 0 ,9 3 3 ,4 6 4
(68.77)
1 2 ,0 7 5 ,5 3 3
2 6,490.021
(6 8 ,7 7 )
12,027 ,0 i*
2 5 ,1 4 1 ,5 4 8
(6 8 .0 5 )
1 1 ,8 0 2 ,2 4 5
THE CHRONICLE.
OCT. 5 1907.]
IN C O M E A C C O U N T .
1 90 7-0 6.
R eceip ts—
$
N e t e a r n in g s ...................... 1 2 ,4 8 2 ,6 4 3
I n c o m e fro m in v e s t m ’ ts
ren ts an d m iso e lla n e ’ s 1 ,5 6 1 ,7 5 5
190 5-0 6.
$
1 2 ,0 7 5 ,5 3 3
1 ,5 6 6 ,7 7 6
1 90 4-0 5.
$
1 2 ,0 2 7 ,0 5 0
1 90 3-0 4.
$
1 1 ,8 0 2 ,2 4 5
1,627,491
1 ,6 3 5 ,1 5 4
T o t a l in c o m e __________ 1 4 ,0 4 4 ,3 9 8
1 3 ,6 4 2 ,3 0 9
1 3,654,541 1 3 ,4 3 7 ,3 9 9
D isbu rsem en ts—
T a x e s ___________________
1,2 0 8 ,6 1 1
1 ,1 4 1 ,5 1 5
9 85 ,365
921 ,700
I n terest o n b o n d s _______
5 ,9 3 4 ,5 9 8
5 ,6 0 1 ,9 3 4
5 ,3 5 8 ,0 4 2
5 ,3 4 7 ,2 9 7
118,061
118,061
118,061
265,931
N . & D . R R . r e n t _______
S in k in g f u n d ____________
2 41 ,084
241 ,8 5 0
192 ,990
146,600
T o S. & N . A ____________
52,940
104 ,424
130,452
67,700
M is c e lla n e o u s ________ _
38,582
86,149
4 2 ,5 9 0
______________
D i v i d e n d s _____________ (6 )3 ,6 0 0 ,0 0 0 (6 )3 ,6 0 0 ,0 0 0 (6 )3 ,6 0 0 ,0 0 0 (5 )3 ,0 0 0 ,0 0 0
T o ta l d is b u r s e m e n t s -- 11 ,1 93,876
B a la n c e , su r p lu s ________
2 ,8 5 0 ,5 2 2
1 0 ,8 9 3 ,9 3 3
2 ,7 4 8 ,3 7 6
1 0 ,4 2 7 ,5 0 0
3 ,2 2 7 ,0 4 0
9 ,7 4 9 ,2 2 8
3 ,688,171
G E N E R A L B A L A N C E S H E E T J U N E 30.
190 7.
A ssets—
$
R o a d , e q u ip m e n t , & c ._ 1 6 6 ,6 6 7 ,1 2 9
T im b e r , q u a r. la n d s , & c 1 ,0 3 8 ,8 1 5
S to c k s o w n e d ___________
4 ,3 6 4 ,6 8 9
B o n d s o w n e d ___________
3 ,4 8 5 ,0 5 7
S t k s .& b d s . in t r u s ts ,& c 2 1 ,8 7 9 ,3 0 6
B ills & a c c o u n t s r e c ., tn
d i v . & c o s ., a g e n t s ,& c .
5 ,7 0 0 ,4 1 5
M a teria ls, f u e l, A c . ____
6 ,4 7 1 ,9 2 7
8 ,2 0 1 ,1 9 2
C ash ____________________
A d v a n c e s t o s u b sid . c o s .
4 ,6 9 8 ,7 1 8
Im p r o v e m e n ts & b e t t e r .
3 ,4 6 9 ,7 8 4
M iscella n eou s an d o o n t ’ t 4 ,0 1 0 ,6 8 0
1906.
1905.
1904.
5
S
$
1 6 0 .3 5 4 ,3 6 3 1 5 2 ,4 5 1 ,5 2 6 13 3 ,4 7 2 ,2 4 0
1,1 0 2 ,7 3 4
1,018,521
1 ,2 7 9 ,2 2 6
4 .7 5 1 ,1 8 0
5 ,3 1 4 ,3 3 6
7 .3 7 1 ,4 6 0
3 ,5 2 9 ,5 5 7
3 ,7 5 5 ,7 0 8
1,556,221
2 1 ,8 7 9 ,3 0 6
2 2 ,3 8 0 ,3 0 6 2 2 ,3 8 0 ,3 0 6
T o t a l a s s e t s ............. ..2 2 9 , 9 8 7 , 7 1 2
L ia bilities—
S t o c k ------------------------------- 6 0 ,0 0 0 ,0 0 0
B o n d e d d e b t (see " R y .
<Sc I n d . ” s e c t io n )______12 8 ,5 4 9 ,5 0 0
3 y e a r 5 % g o ld n o t e s ___
6 ,5 0 0 ,0 0 0
I n terest an d r e n t s ______ 2 ,2 4 7 ,1 2 9
1 ,8 5 0 ,6 3 8
D i v i d e n d s _______________
T r a ffic b a la n c e s , & c ____
5 45 ,947
P a y -r o lls , v o u c h e r s , & c. 4 ,7 0 5 ,1 0 5
389 ,803
R e se r v e f u n d s ____ ______
T a x e s , m isc. & o o n t in g ’ t 4 ,3 6 5 ,6 7 7
P r o fit a n d lo s s ___________ 2 0 ,8 2 7 ,5 1 3
2 2 0 ,5 4 2 ,5 1 7 2 0 2 ,5 6 8 ,0 6 8 19 5 ,6 3 1 ,5 3 1
T o ta l lia b ilitie s ___
— V . 85, p . 601, 4fy4.
4 ,4 6 7 ,1 5 4
5 .4 6 0 ,0 0 5
8 ,2 4 5 ,5 5 2
3 ,6 1 3 ,5 0 8
3 ,3 6 7 ,2 9 8
3 ,7 7 1 ,8 4 9
3 ,7 6 7 ,9 2 6
3 ,2 4 5 .7 5 9
601 ,038
3 ,2 8 3 ,5 5 3
2 ,3 4 9 ,4 6 0
4 ,3 9 9 ,9 3 5
6 0 ,0 0 0 ,0 0 0
6 0 ,0 0 0 ,0 0 0
3 ,5 6 4 ,3 3 4
2 ,4 9 2 ,5 0 9
4 ,7 6 5 ,7 1 6
1 1 ,090,882
3 ,7 8 6 ,3 9 9
3 ,8 7 2 ,2 3 8
6 0 .0 0 0 ,0 0 0
12 9 .1 5 3 ,5 0 0 11 4 ,3 4 6 .5 0 0 1 1 3 ,3 4 2 ,5 0 0
__________
__________
__________
2 ,1 4 6 ,2 4 9
2.0 2 6 ,5 1 1
2 ,0 1 1 ,0 6 0
1.8 4 5 ,3 8 4
1 ,8 4 0 ,6 9 2
1,5 3 5 ,8 2 6
421 ,0 4 7
304 .0 9 4
154 ,899
4 ,1 9 0 ,1 6 3
4 ,3 4 9 ,2 1 2
2 ,9 1 9 ,4 3 2
458,541
3 19 ,707
24,0 1 5
4 ,1 9 7 ,5 8 6
4 ,4 8 2 ,2 4 5
3 ,9 5 9 ,3 7 3
1 8 ,1 3 0 ,0 4 6
1 4 .8 9 9 ,1 0 6
1 1 ,6 8 4 ,4 2 6
_ .2 2 9 ,9 8 7 ,7 1 2 2 2 0 ,5 4 2 ,5 1 7 2 0 2 ,5 6 8 ,0 6 8 1 9 5 ,631 ,53 1
Chicago & Alton Railroad.
(.Report for Fiscal Year ending June 30 1907.)
President S. M. Felton under date of Chicago, Oct. 1907,
saj’-s in substance:
M a in ten a n c e .— H ew rail t o a to ta l o f 4,2 1 2 ton s w ere p la c e d in th e m ain
t r a c k , m a k in g a to t a l o f 80 m iles o f tr a c k r cla ld d u rin g th e y e a r .
In c o n
n e c t io n w ith th is w o rk , 333,421 c ro ss-tie s w ere p la c e d in th e m a in tr a c k ,
eq u a l t o 118 .40 m iles. T h e re w ere re b u ilt 93 lin ea l fe e t o f w o o d tr e s tle ,
174 lin ea l fe e t o f p ip e c u lv e r ts an d t w o a b u tm e n ts .
T w o n e w s ta tio n s w e re
b u ilt in M issou ri, on e a t C en tralla and o n e a t M arsh all, and 49 w ere r e p a ir e d .
R A IL M IL E A G E IN M A I N T R A C K O W N E D .
8 0 -lb.
M a i n l i n e . , m il e s .811.61
B r a n c h e s ____ “
____
75 -lb.
7.94
53.88
T o t a l _____
"
811.61
d o Jun e 30 1 9 0 6 .7 4 7 .0 3
61.82
61.55
70-lb.
65-JS.
60 I ).
113.70
56 .5 6
42.52
6.60
113.70
159.43
56.5 6
10.20
42.52
87.8 8
6.60
6.60
56 -lb.
Tola I
8 1 9 .5 5
273 .2 6
1.092.81
1 ,072.69
M IL E A G E 01' B A L L A S T .
S ton e.
M ain lin e _______ m iles. .5 7 1 .9 9
B r a n c h e s .........
40.12
Gravel.
97.25
50.44
C in d ers.
99.21
58.95
S ljg .
51.10
28.88
S oiL
94.87
Total.
8 1 9 .5 5
273 .26
T o t a l ___ ______
" 612.11
do
Ju n e 30 1906. .6 3 0 .7 4
147 .69
119.20
158.16
148 .90
79.98
85.62
94.87
88 .2 3
1,092.81
1 ,072.69
E x p en d itu res (A g grega tin g $ 3 ,0 1 7 ,1 2 5 ) fo r N ew C on stru ction , A d d itio n s.
Im p rov em en ts and N ew E q u ip m en t D u r in g the Y ea r.
N ew A ir L in e , lie s t o M u r r a y v l ll e _____________________________ ______ $274,926
S e co n d t r a c k _____________________________________ : ____ _________ * ________ 343,764
C hanges o f g ra d e , B r id g e p o r t d r a w b r id g e , & c ., & c __________________ 123,610
E q u ip m e n t p u rch a se d u n d e r C h ica g o & A lt o n E q u ip . A s s ’n , Series
D — 25 lo c o m o t iv e s , 1,300 b o x ears, 8 0 ,000 lb s . c a p a c it y ; 300
s to c k ca rs , 6 0 ,000 lb s . c a p a c it y ; 300 flat ca rs , 8 0 ,0 0 0 lb s . c a p a
c it y ; 100 fu rn itu re ca rs , 60,000 lb s . c a p a c i t y _____________________ 2,2 7 4 ,0 9 3
732
E q u ip p in g cars w ith air b r a k e s ___________________________________ _____
O P E R A T IO N S A N D F IS C A L R E S U L T S .
1906-07.
190 5-0 6.
190 4-0 5.
190 3-0 4,
970
915
915
A v e ra g e m iles o p e r a t e d .
970
O pera tion s, & c .—
R e c e ip ts p er m ile o f road
$13,201
512,484
$11 ,940
512,890
T o n s r e v . fre ig h t ca rrie d
8 ,3 5 8 ,2 9 4
6 ,8 1 2 .4 6 9
6 ,0 9 0 ,6 6 3
6 ,1 2 1 ,3 3 3
T o n s r e v . f r ’t ca r . 1 m Ile .l3 8 6 9 8 S 0 3 7 1174692281 1009561642 1099973281
F r ’t r e c ’ts p e r tra in m ile
$2.49
$2.45
52.39
52.29
F r ’t r e c ’ ts p er to n p er m .
0 .6 0 4 cts.
0 .6 7 7 c t s .
0 .6 3 9 cts.
0 .6 8 9 c ts .
3 ,227,611
R e v . passengers c a r r ie d 3 ,0 6 1 ,2 1 6
3 ,1 0 9 ,3 1 8
3 ,2 8 6 ,9 6 9
R e v . pass, c a rrie d 1 m ile lS 0 ,7 6 8 ,2 0 2 1 6 5 ,9 8 5 ,5 3 5 241 ,929 ,39 9 172 ,074 ,59 4
R e c ’ts p e r pass, p er m ile
2.02 c ts .
1,73 c t s .
1.95 Cts.
2.05 c ts .
R e c ’ts p er pass. tr . m ile
(in cl. m all & e x p r e s s ).
$1.33
$1.48
$ 1 .3 6
51.18
A v . r e v . tr . lo a d ( t e n s ).
409 .08
3 80.80
3 46 .78
336.08
R eceip ts—
F r e i g h t ._________________
P a s s e n g e r _______________
M a i l _____________________
E x p r e s s _________________
M is c e lla n e o u s ___________
$
8 ,3 8 0 ,9 5 7
3 ,6 5 9 ,9 8 5
264 ,996
325,051
178,437
7.5 0 1 ,0 8 1
3 ,4 1 0 ,4 4 3
266.021
2 68,731
139.818
6 ,9 5 8 ,9 2 7
4 ,1 8 5 ,5 6 1
261,111
2 60 ,653
131,062
7 ,4 4 5 ,8 7 7
3 ,3 5 1 .9 4 3
2 59 ,898
253.920
114,214
12 ,809,426
11,5 8 6 ,0 9 5
1 1 ,7 9 7 ,3 1 3
11 ,425,853
E xp en ses—
M a in te n a n ce o f w a y , & c.
M ain t. o f e q u ip m e n t ___
C o n d u c t’n t r a n s p o r ta ’n .
G eneral e x p e n s e s _______
1 ,4 29,156
1 ,5 98,223
4 ,6 6 4 ,7 2 2
332 ,351
1,4 2 7 ,8 7 5
1 ,407,675
4 ,6 5 4 ,0 7 8
329 ,276
1 ,4 6 3 ,6 8 9
1,336,211
4 ,4 6 9 ,8 4 6
3 32 ,917
1 ,446,010
1 ,230,762
4 .559.731
288.097
T ota l oper. expen ses.
P . c . o f o p . e x p . t o earns.
N et e a rn in g s ____________
8 ,0 2 4 ,4 5 2
(62.64)
4 .784,974
7 ,8 1 8 ,9 0 4
(67.48)
3,767,191
7 ,6 0 2 ,6 6 3
(64.44) ■
4 ,1 9 4 650
7 ,5 2 4 ,6 0 0
(65.86)
3,901 ,253
IN C O M E ACCO U N T .
1907.
N et earnings (as a b o v e ) _____________________ ______ $ 4 ,7 8 4 ,9 7 4
894
O th er in c o m e ------------------ _____________________ ______
1906.
$3,767,191
162
N e t i n c o m e . . . _____________________ ____ __________ $ 4 ,7 8 5 ,8 6 8
$3,767,353
D ed u ctio n s—
T a x e s ___________ . . . . . ' _________________. . . . . . 1 _____
I n t. o n C. & A . R R . C o. 3 % r e fu n d in g b o n d s ______
I n t. o n C. & A . R y . C o. tirst lie n 3}^ Vo b o n d s ______
I n t. on C & A . R y . C o. 4 % c o lla t e r a l tru st n o t e s . .
In t. on C. & A . R R . C o . e q u ip m e n t n o t e s __________
D ivid e n d s o n g u a ra n te e d s t o c k s ____________________
In te r e s t, d is c o u n t and e x c h a n g e ____________________
D iv . o n c u m . 4 % p rio r lie n an d p a r t ic ip a t in g s t o c k
D iv . o n n o n -c u m . 4 % p re fe rre d s t o c k _______________
$36 9,00 0
1,1 2 0 ,5 0 0
770 ,000
235 ,553
200,975.
241,024
21,255
35 .572
781 ,7 6 0 J
T o ta l d e d u ctio n s _________________________ . . . . . .
$ 3 ,7 7 5 ,6 3 9
B a la n ce t o p r o fit an d lo s s ________________________ ____$ 1 ,0 1 0 ,2 2 9
$354,180
1,119,336
770.000
200.000
83,498
241 ,024
CT. 10,666
8 1 5 ,0 0 6
$ 3 ,572,379
5194,974
B A L A N C E S H E E T J U N E 30.
B R I D G E S . T R E S T L E S . E T C .. J U N E 30.
— A g greoate Length o f B ridges ( F t .) — Overhead C ro ss e s ' N o .)
S to w .
Steel.
W ood .
Trestles.
H igh w ay.
R a ilw a y
1 9 0 7 ----------------- 304
26,9 4 7
640
2 5 .0 8 6
36
8
26,8 1 8
640
2 5 ,086
36
8
1 9 0 6 ___________ 504
E q u ip m e n t.— T h e a v era g e repairs p er lo c o m o t iv e w e re $ 2 ,5 9 9 ; p e r p a sse n
g er c a r , 5 7 9 4 .4 1 ; p e r freigh t c a r , $52 .98 fo r th e e n tlre e q u ip m e n t.
B etw een Ju n e 1899 a n d Ju n e 1907 th e to ta l tr a c tiv e p o w e r o f th e l o c o
m o tiv e s in s e r v ic e has been in crea sed from 2 ,8 7 4 ,5 2 0 p o u n d s t o 6 ,6 9 1 ,1 6 5
p o u n d s , o r 132 .78 % ; th e to t a l c a p a c it y o f th e fre ig h t e q u ip m e n t In s e r v ic e
has been Increased fro m 131,890 to n s t o 3 88 ,778 t o n s , o r 194.77 % , an d th e
a v era g e c a p a c it y p er c a r has been Increased w ith in this p e rio d fro m 21.52
t >ns t o 3 6 .8 6 t o n s , o r 71.28 % .
C H A N G E S IN T H E E Q U IP M E N T D U R IN G T H E Y E A R .
L ocom otives. P a ss. T r. C t r s .
D e s tr o y e d o r s o l d _______
4
12
A d d e d _________________
3
T o t a l e q u ip . D e c .3 1 ’06 249
205
F r t. T r. C a rs. R o a d S erv .
1,619
2
2,4 3 0
21
10,548
389
Im p rovem en ts.— -The m o st im p o rta n t im p ro v e m e n t c o m p le t e d d u r in g th e
y e a r w as th e g r a d e re d u c tio n an d s e c o n d -t r a c k w o rk fro m L a w n d a le t o
S h e rm a n , a d is ta n c e o f 27.9 m il .s. w h ich w as put in to o p e r a tio n in N o
v e m b e r 1906. T h e tr a c k w as t h o r o u g h ly b a lla s te d w ith g ra v e l and laid
w ith new 8 0 -p o u n d s teel.
T h e w o rk w as fin ish ed In first-class c o n d it io n ,
re d u c in g th e n e a v y grades t o th e lo w e s t lim its in use on th e A lt o n r o a d .
A t th e sam e tim e th e n o r th b o u n d gra d e in th e C ity o f Springtie-ld w as
re d u c e d and a ll s tru ctu res fro m I l e 3 t o B lo o m in g to n , a d ista n ce o f 6 0 .7 mile-s,
w e re r e b u ilt In p erm a n en t fo rm .
T h e b rid ges w e re re c o n s tru cte d In solid
m a so n ry o r o f s te e l, w ith s o lid ba lla st (loor c o n s tr u c tio n , so as t o r e m o v e all
breaks in th e c o n t in u it y o f th e t r a c k .
T h e la rg e b rid g e o v e r S an g am on
R iv e r In th e northl>ound tra ck w as c o m p le t e d In this m a n n e r and put in to
o p e r a tio n in D e ce m b e r 1906.
A n o th e r Im p o rta n t Im p ro v e m e n t w as th e p r a c tic a l c o m p le t io n o f th e A ir
L in e fro m lie s t o M u r r a y v llle . a d is ta n ce o f 34.34 m iles.
T h is lin e Is t a n
g e n t and has n o gra d es t o e x c e e d 16 feet t o th e m ile in eith er d ir e c t io n ;
10 % o f th e ca st o f t h e en tire line has been e x p e n d e d In a v o id in g gra d e c r o s s
in gs (o f w h ich there; Is o n ly on e) w ith o th e r lines.
T h is lin e Is bein g t h o r
o u g h ly b a lla s ted w ith g ra v e l and has been laid w ith new 8 0 -lb . steel, an d
sh o u ld be r e a d y fo r op e r a tio n b y O ct. 1 1907.
T h is lin e m ak es th e C h lca g oK ansas C ity r o u te liv e m iles sh o rte r and gives th e c o m p a n y p r a c t ic a lly a
d o u b le -t r a c k e d lin e fro m M u r r a y v llle t o C h ica g o , 222 m ilts .
T h ro u g h
trains from R o o d h o u s e t o th e east can n o w g o via the A ir L in e t o S p r in g
field an d v ia th e m ain lin e t o B lo o m in g to n .
O n th e basis o f th e tr a ffic e»f
t i e c u r r e n t y e a r , t h e c o n s t r u c tio n o f this lin e w ill s a v e 55.0 0 0 tra ln -m lle s
on e a s t-b o u n d fre ig h t t r a ffic a lo n e .
T h e o ld sh o rt d r a w b r id g e o v e r th e so u th fo rk o f th e C h ica g o R iv e r at
A rch e r and A sh la n d a ven u e s has been r e p la ce d b y a d o u t l ;- t r a c k e d , sin g le
le a fe d P a ge b a s c u l b r id g e o f new design and o f 1 5 0 -fo o t s p a n .
T h is h e a v y
brid g e serve-s th e {.rains o f th re e o th e r railroads besides th e A l t o n ’s, an d Is
o p e r a te d b y t w o 1 2 5 -h orsep o w e r e le ctr lc m o to rs and ca n be o p e n e d o r c lo s e d
In 65 s e c o n d s.
A s m a ll a m o u n t o f g r a d e r e d u c tio n has b e e n d o n e on th e n o r th b o u n d
g ra d es o f th e lin e fro m S p rin g fie ld t o P e o ria .
B y J a n u a ry 1908 this w o rk
w ill h a v e been c o m p le t e d , so th a t train s o f th e sa m e h e a v y to n n a g e n o w
hauleel fro m B lo o m in g to n t o C h ica g o can be h au led t o P e o ria t o a c c o m m o
d a t e th e iuoreaslnqr t r a ffic In th at d ir e ctio n .
C o m p le te s u rv e y s an d ari'an g em en ts fo r t r a c k -e le v a tio n w o rk in J o lie t
h a v e been m a d e d u r in g th e y e a r, an d a p la n d e c id e d u p o n fo r a new u n ion
s ta tio n o n jir o p e r ty b e lo n g in g t o th e A lt o n ro a d at th e c o r n e r o f W a s h in g to n
an d S c o t t s tre e ts.
T h e n e w s ta tio n Is t o be u sed b y th e R o c k I s la n d , t h e
San ta F e an d th e M ich ig a n C en tral, as w e ll as th e A lt o n .
A rra n g e m en ts
are b e in g m a d e t o pu sh th is J o lie t tr a c k e le v a tio n w o r k t o c o m p le t io n b y
th e end o f th e y e a r 1908.
T h e c o m p a n y Is a ls o arranging; t o c o m p le t e t h e tr a c k e le v a tio n w o r k a t
W e s te rn A v e ., C h ica g o , d u rin g th e c o m in g season .
D iv id e n d s .— T w o d iv id e n d s o f 2 % ea cli w e re d e c la r e d o n th e p referred
s t o c k d u r in g th e y e a r; th e b a la n c e re m a in in g is e q u iv a le n t t o 5 % o n th e
o u ts ta n d in g c o m m o n s to c k .
1906.
1907.
1907.
s
A ssets—
S
Liabilities—
$
Fr’ehises & propl07,482,595 107,482,595 Capital stock ___ 39,966,100
A d d’s & impts.
Guaran. stocks. 3,693,200
si ne'e Meh. 14
Funded d ebt___ 67,350,000
1906 _________ 1,836,046
1,093.747 Equip, tr. notes 4,686.564
,
New equip, since
Coll. tr. n o te s .. 6,000,000
Mch. 14 1906 .. 2,276,951
2,126 Real est. notes,
580,244
Stocks <k bonds
July 1 1 9 0 9 ...
p le d g e d ____ _xl(),230,892
9,442,893 Coll. tr. 4% notes
Real est. & oth.
(paid J u ly l’07)
*610.000
655,483
605,223 Vouchers & pay
Investments__
987,S50
Deposit 1o red'm
rolls _ .
610,000
4 % col. tr.ncTtes
Traffic and car
1,300,464
1,441,264 balances______
'332,307
Cash ..................
313.124 Int.. & dividends
554,645
Agents <fc co n d rs
Inellv. <Sr cos___
351,247
966,740
107,148
(pay. July 1 ) ..
34.424 Int. and rentals
U. S. E x p. C o - .
35,036
66,550
70,026 aee’d (not due)
U. S. G ov’ t ____
339,298
4.814 Taxes a ccru e d ._
Bills receivable.
4,732
1S3.000
Stocks <fc bonds
Called bonds__
4.000
unp ledged___
1/216,746
1,036,746 Miss. R iv. Bridge
631,834
Materials <Xrsup's
S39.238 Co. bond re
A dvs. a cc’ t new
dem ption acc’ t
ears under con
(see con tra)__
176,477
struction___ _
10,530
Equip, repl. fund
356,819
12,656
9 182 Fire insur. fund
Prepaid Insur’ ee
20,535
111,557 Profit & loss___
Unadjust, acc’ts
133,795
2884,011
IT. S. Tr. Co.,
trustee, Miss.
R iv . Bridge Co.
194,000
290,842
m o r t g a g e ____
D isc, on seeur.
(to be charged
to profit & loss
in an equal Inst.)
517,185
____
T o t a l _______ 127,129,265
122,884,949
1906.
5
39,986,10®
3,693,200
67,$50,000
3,016,918
5,000,000
580,244
___
1,282,766
109,749
911,843
395,349
_
4.000
225,597
55.180
12,621
2til ,39?.
T o t a l ........... .127,129.265 122,884,949
* P a id J u ly 1 1907.
x in c lu d e d In s to c k s and b o n d s p le d g e d are; C. & A . R R . C o. 3 % 50-year
r e fu n d in g g o ld b o n d s , 5 8 ,0 0 0 ,0 0 0 ; K a n . C ity St. L . & C h i. R R . C o p referred
s t o c k , $ 3 ,0 0 0 ,0 0 0 ; K a n . City S t. L . & Chi. R R . C o. c o m m o n s t o c k , 5157,100;
L a . & M o. R I v . R R . C o. p re f. s t o c k , 598 9 ,3 0 0 ; L a . & M o. R iv . R R . C o.
c o m . s t o c k , 5 2 ,2 6 8 ,8 0 0 ; U n io n D e p o t C o ., K a n . C ity , s t o c k , 545 ,0 0 0 ; M iss.
R i v . Brielge C o. b o n d s , $64 ,0 0 0 ; to ta l fa c e v a lu e , $ 1 4 ,5 2 4 ,2 0 0 ; to ta l b o o k
v a lu e , $ 1 0 ,2 3 0 ,8 9 3 .
V In c lu d e d In s to ck s and b o n d s u n p le d g e d : J o lie t & C h ica g o R R . C o ,
gu ar, s t o c k , $ 1 ,0 0 0 ; P e o ria R y . T e rm in a l C o. ca p ita l s t o c k , $50 0 ,0 0 0 ; P eoria
B y . T e rm . C o. b o n d s , $ 1 ,5 0 0 ; T e r m . R y . A s s ’ n o f S t. L . s t o c k , 520 5,80 0;
K a n . C ity S t. L . & Chi. R R . C o . c o m . s t o c k , 5500; L a . & M o . R iv . R R . C o.
p r e f. s t o c k . 5 4 ,0 0 0 ; L a . & M o. R i v . R R . C o. c o m . s t o c k , 5 1 3 ,4 0 0 ; C. <fc A .
R R . C o. 4 % p r io r lie n and p a r ticip a tin g c a p ita l s t o c k , 5 1 0 ,6 0 0 ; te>tai fa c e
v a lu e , 573 6 ,8 0 0 ; to t a l p a r v a lu e , 521 6 .7 4 6 .
z P ro fit and loss surplus o n Ju n e 3 0 .1 9 0 6 ,5 2 6 1 ,3 9 1 w as c re d ite d w ith !th e
surplus fo r th e y e a r 1 9 0 6 -0 7 , 5 1 ,0 1 0 ,2 2 9 , and then re d u ce d t o 5884,011 b y
c h a rg in g o ff the fo llo w in g ite m s , ag g re g a tin g $ 3 8 7 ,6 0 9 , v iz .: In sta llm en t
fo r fiscal y e a r e n d e d Ju n e 30 1907 o f d is c o u n t o n secu rities, $57 ,465 ; ta x es
accru e d In p r io r fiscal y e a rs , n o w w ritte n up t o d a t e . 527 9 ,5 3 5 ; m iscel
lan eou s a c c o u n ts (net) ch a rg e d o ff, $ 5 0 ,6 0 8 .— V . 8 5 , p . 792 . 529.
858
THE CHRONICLE.
New York New Haven & Hartford RR.
(Report for Fiscal Year ending June 30 1907.)
President Charles S. Mellon says in substance:
G en eral R esu lts.— W h ile th e gross earn in gs s h o w an in crea se o f a b o u t
5 % , th e o p e r a tin g e x p e n s e s in crea sed a b o u t 7 % , d u e t o a la rg e Increase In
w a g es a n d in th e c o s t o f m a te ria ls a n d t o an in cre a se o f 25 % In th e p e r
d ie m ra te fo r th e use o f fre ig h t cars.
im p ro v em e n ts.— T h e s ix -t r a c k c o n s t r u c tio n o f th e H a rle m R iv e r & P o r t
C h ester R R . has b e e n c o n t in u e d . A p o r t io n o f th e lin e w ill b e r e a d y fo r
s e r v ic e d u r in g th e p re se n t y e a r . T h e n e w fo u r -t r a c k b r id g e o v e r the
H o u s a to n lc R iv e r a t N a u g a tu c k J u n c t io n w ith a fo u r -t r a c k S ch e rz e r ro llin g
lift d r a w , n e w sign a l to w e r s , i c e . , has be e n p u t in s e r v ic e , th u s c o m p le t in g
t h e fo u r
tra ck s fro m S o u th M o u n t V e r n o n t o N e w H a v e n .
The
s e c o n d tr a c k fr o m S o u th B ra in tree t o W h itm a n , M a ss., 10.6 m ile s, an d a ls o
f ro m N a n ta s k e t J u n c t io n t o C o h a s s e t , has be e n c o m p le t e d . T h e s e c o n d
t r a c k c o n s t r u c tio n b e tw e e n S e y m o u r a n d W a t e r b u r y an d b e tw e e n D a n b u r y
a n d H a w le y v llle has pro g re sse d s a tis fa c to r ily a n d s h o u ld b e c o m p l t ( d
th is y e a r .
A ll brid g es fo r g ra d e crossin g s In W a t e r b u r y h a v e b e e n c o m
p le t e d e x c e p t th e n e w b r id g e fo r th e fre ig h t y a rd a p p r o a c h ; t h e n ew
fre ig h t y a r d Is p r a c t ic a lly c o m p le t e d : c o n t r a c t has been a w a rd e d fo r th e
n ew p a ssen g er s ta tio n . T h e w h o le w o r k p la n n e d s h o u ld b e c o m p le t e d
d u r in g 1908.
T h e c h a n g e s a t H a r tfo r d h a v e p r o g r e s s e d . T h e n e w d o u b le tr a c k b r id g e
across S ta te S t. a n d th e V a lle y b ra n ch h a v e been c o m p l t e d . T h e new
S ta te S t . p a ssen ger s t a t io n has b e e n p u t in s e r v ic e a n d a d d itio n s h a v e b e e n
m ade, t o th e M organ S t. fre ig h t y a r d . T h e c o m p le t io n o f th e w o r k is d e
la y e d w a itin g th e c o m p le t io n o f w o rk b y th e C o n n e c tic u t R iv e r B r id g e and
H ig h w a y D is tr ic t.
T h e se c o n d tr a c k c o n s t r u c tio n b e tw e e n W a t e r b u r y an d B r is to l has b e e n
p r o s e c u t e d , b u t n o t r a p id ly ; 9 m i l ’s s h o u ld b e r e a d y fo r s e r v ic e e a r ly
In 1908; th e tu n n e l s e c tio n w ill p r o b a b ly n o t b e c o m p le t e d b e fo r e th e c l > e
o f 1908.
T h e ne-w d o u b le tr a c k lin e b e tw e e n N e e d h a m and W e s t R o x b u r y ,
M a s s .,
m i l 's , w as p u t in o p e r a tio n In N o v e m b e r 190C. T h e w o r k o f
p r o v ic lin g a d d lt lo n a l tra ck s an d w id e n in g th e c u t th r o u g h New' H a v e n has
been a c t iv e ly p r o s e c u te d a n d w ill b e p r a c t ic a lly c o m p l te d an d th e new
tra ck s in s e r v ic e b y J a n u a r y 190 8. T h e n e w lo c o m o t iv e re p a ir s h o p ,
100 x900 fe e t, a t R e a d v llle has b e e n c o m p le t e d , to g e th e r w ith n e w b la c k
s m ith s h o p 8 0 x 3 5 4 fe e t.
T h e c o n s t r u c tio n o f th e d o u b le tr a c k c o n n e c t in g lin e in P r o v id e n c e , In
c lu d in g tu n n e l, has c o n tin u e d a n d sin ce th e fa ll o f 1906 th e w o rk has b e e n
p r o s e c u te d o n b o th en d s o f th e tu n n e l w ith d o u b le s h ifts , d a y a n d n ig h t.
O n J u n e 30 1907 th e a d v a n c e o f th e p o r ta ls o f b o th h e ad in gs w as a b o u t
2 ,1 0 0 fe e t, le a v in g 2,900 fe e t b e tw e e n h e a d in g s.
A t th e p re se n t ra te , it is
estim a ted th a t th e h ead in gs w ill m e e t In S e p te m b e r 1908 an d th e tu n n e l be
c o m p le t e d t w o o r th ree m o n th s la te r, as also th e re m a in d e r o f th e c o n s t r u c
tio n , in c lu d in g th e d r a w b r id g e o v e r th e S e e k o n k R iv e r .
T h e elim in a tio n o f g ra d e crossin gs in A t t le b o r o . M ass., c lo s in g e lev en
h ig h w a y crossin g s a t g r a d e , an d th e c o n s tr u c tio n o f fo u r tracks,|has been
c o m p le t e c i. T h e new S ch e rze r d o u b le -t r a c k lift b r id g e o v e r 't h e C o n n e c tic u t
R iv e r a t L y m e has been c o m p le t e d .
E x te n s iv e w o r k has b e e n d o n e in re n e w in g b rid g e s t o p e r m it o p e r a tio n o f
h ea v ier lo c o m o t iv e s a n d In d e p re ssin g tra ck s an d raisin g o v e r h e a d b rid g e s
t o g iv e m o r e cle a ra n c e fo r th e s a m e , t o e n a b le in crea sed tr a ln -lo a d s . T h e
m a in lin es b e tw e e n N e w Y o r k an d B o s to n a n d b e tw e e n N e w H a v e n an d
S p rin g field w ill b e r e a d y fo r s u c h se r v ic e w ith in th e c a le n d a r y e a r.
G ra d e crossin gs In th e v a rio u s S tates w e re e lim in a te d as f o llo w s : C o n
n e c t ic u t , 22; N ew Y o r k , 1; M a ssa ch u se tts, 4.
T h e electrifie-atlon b e tw e e n W o o d la w n an d S ta m fo r d has been p r a c t ic a lly
c o m p le t e d a n d e le ctr ic s e r v ic e has been in a u g u ra te d f o r lo c a l train s b e tw e e n
N ew Y o r k a n d N e w R o c h e lle an d N e w Y o r k an d P o r t C h ester. T h e c o m
p le t e c h a n g e fro m s te a m t o e le ctr ic tr a c tio n fo r a ll o u r p a sse n g e r s e r v ic e
o n th is s e c t io n s h o u ld b e (w a s) m a d e e ffe c t iv e d u r in g O c t o b e r 1907.
New' pa ssen ger sta tio n s o r in cre a se d fa c ilitie s h a v e be e n p r o v id e d d u rin g
th e y e a r a t R o c k la n d . W e s t p o r t, S te p n e y , L y m a n V ia d u c t , M o n u m e n t
B e a ch , L y m e , T a u n t o n , S t a m fo r d , P u tn a m , A s h c r o ft , A t t le b o r o and
C o lu m b u s A v e ., M t. V e r n o n .
W o r k Is in p rogress a n d w ill b e co m p le te el
d u r in g th e c o m in g y e a r o n n e w p assen ger s ta tio n s o r in crea sed fa cilitie s a t
O a k v ille , N ew M ilfo r d , E a s t T a u n t o n , D u d le y S t ., B o s t o n , B o u rn e to w n
a n d P e lh a m .
N ew fre ig h t h ou ses o r in cre a se d fre ig h t fa c ilitie s h a v e been p r o v id e d a t
M a ssach u setts A v e . y a r d , B o s to n ; D a n b u r y , M y s tic . C e n tr e v llle , P o m fr e t,
H o u s a t o n lc , S t a m fo r d , B re w ste r, E a st W a lp o le , F a rg o S t ., B o s t o n , L o w e ll;
a n d a 3 5 -to n e le c t r ic tr a v e lin g cra n e has been in s ta lle d In th e fre ig h t y a rd
a t B oston .
W o r k is in p ro gre ss o n n e w fre ig h t houses o r in crea sed fre ig h t
fa c ilitie s a t F a ir m o u n t, E a st B r id g e p o r t. L e e , N ew iM ilford, G re e n w ich ,
B r id g e p o r t , W o o n s o c k e t . B o u rn e to w n an d C en terd a le.
A n e w c o a l-d is c h a r g in g p la n t has b e e n c o n s tr u c te d a t S o u th B o s to n .
T h is In clu d es a w h a r f 4 0 x 5 0 0 f t . an d a n e w c o a lin g p la n t w ith t w o h o is tin g
to w e r s h a v in g a c a p a c it y o f 13,3 0 0 t o n s .
A d d itio n a l c o a lin g fa c ilitie s h a v e
been p r o v id e d a t th e S h o p D o c k , N e w H a v e n .
T h e D o v e r S t. c o a lin g p la n t
In S o u th B o s to n w as d e s t r o y e d by' fire, an d r e b u ild in g is in p r o g re ss.
N ew 7 5 -ft. tu rn ta b le s h a v e b e e n Install d a t N e w H a v e n an d S o u th B o s t o n ,
a n d an 8 0 -ft. tu r n ta b le has b e e n c o n s t r u c te d a t P r o v id e n c e .
A 6 0 -c y c le ,
2 , 3 0 0 -v o lt , A . C. lig h tin g p la n t has been c o n s t r u c te d a t S o u th B o s t o n , an d
a t D a n b u r y a n d e la c tr ic lig h tin g p la n t is in p rog ress o f c o n s t r u c tio n .
At
B erlin an in crea se in t h e c a p a c it y o f th e p o w e r s t a tio n b y 1,500 k .w . has
been a u th o r iz e d .
A t H o u s a to n lc a n im p ro v e m e n t in th e a lig n m e n t has been m a d e and t w o
g r a d e crossin gs e lim in a te d . T h e e lim in a tio n o f th e D u d le y S t. g ra d e
cro ssin g In B o s to n . I n clu d in g fo u r -tr a c k m a s o n r y . Is n ea rin g c o m p le t io n .
T h e elim in a tio n o f n in e h ig h w a y crossin gs a t N e w B e d fo r d has b e e n c o m
m e n c e d an d w ill b e c o m p le t e d a b o u t O c t o b c r 1908; a n e w en gin e h ou se and
fre ig h t y a r d Im p r o v e m e n t a t th e s a m e p o in t is a ls o u n d e r w a y . T h e e lim i
n a tio n o f g r a d e cro ssin gs a t M ain S t ., E a s t H a r tfo r d , Is n e a rin g c o m p le t io n .
In a d d itio n t o th e w o rk a b o v e m e n tio n e d , brid ges h a v e been stre n g th e n e d
f o r h ea v ier en gin es b e tw e e n T a u n t o n an d N e w B e d fo r d , an d s u ch w o rk is
n o w in p rogress b e tw e e n W a te rb u ry ' an d W in s te d , a n d b e tw e e n C o n co rd
J u n c tio n an d L o w e ll. A n e w d o u b le -t r a c k steel sw in g d r a w b r id g e o n s to n e
m a so n r y piers is b e in g c o n s t r u c te d a cross th e T a u n to n R iv e r a t S o m e rse t.
A n ew steel b r id g e has be e n c o n s t r u c te d a cross th e H o u s a to n lc R iv e r at
S a n d y H o o k , on th e H ig h la n d D iv is io n .
A new d o u b le -t r a c k r o lle r -lift
d r a w b r id g e Is b e in g c o n s t r u c te d a cross th e N la n tic R iv e r a t N la n tic , an d is
a b o u t 50 % c o m p l t d . T h e lo n g tre s tle b e tw e e n S a y b r o o k P o in t an d
F en w ick is bein g p a r t ia lly fille d an d p a r t ly r e b u ilt.
A new fo u r -t r a c k steel
brid g e w itli r o llin g lift has been c o n s t r u c te d o v e r th e N e p o n s e t R iv e r in
B o s to n .
T h e lin e b e tw e e n M id d le to w n a n d M e rid e n , an d b e tw e e n W e s tfie ld , C o n n .,
an d B erlin , has b e e n el c t r lfie d , a n d e le ctr ic p assen ger s e r v ic e has be e n s u b
s titu te d fo r s te a m .
T h e S h o re L in e D iv is io n b e tw e e n T a ft s an d C en tral
V illa g e has b e e n e le c t r ifie d . p e r m ittin g c o n tin u o u s o p e r a tio n o f el c t r l c
cars b etw een W o r c e s te r a n d N e w L o n d o n .
T h e e le ctr ific a tio n o f th e lin e
betw een E ast H a r tfo r d , V e r n o n an d M elrose Is n ea rin g c o m p le t io n .
N ew E q u ip m e n t.— C o n tra cts fo r th e fo llo w in g n e w e q u ip m e n t h a v e been
m a d e , d liveries u n d e r w h ich axe In p r o g re ss:
122 l o c o m o t iv e s , 35 e le ctr ic
lo c o m o t iv e s , 24 p -.rlo r c a r s , 4 s t a n d a id s le e p in g c a r s , 2 c o m p a r tm e n t
s le e p n g c a r s, 4 c o m p o s it e c a r s . 4 d in in g ca rs , 4 o b s e r v a tio n c a r s . 500 pa ssen
g e r c o a c h e s . 500 re fr ig e r a to r c a r s , 11,300 steel u n d e ifr a m e b o x ca rs , 4,5 0 0
s te e l g o n d o la c a r s , 650 s te e l flat c a r s , 1 ste e l t o w t o g ,s t e a m e r , 160 o p e n
e le c tr ic ea r, 202 c lo s e d r l c l r f c c a r s , 4 e le c t r ic e xp ress c a r s , 28 e le ctr ic s n o w
p lo w s anti m iscella n e o u s c a r s , 1 p a ssen g er s te a m e r fo r F a ll R iv e r L in e , 3
stea m lig h ters, 13 c o v e r e d b a rges a n d 5 o p e n b arg es.
N ew Stock and S e c u r itie s .— S in ce the la st a n n u a l m e e tin g 8 5 ,1 2 0 a d d i
tio n a l shares o f th e c a p it a l s to c k o f y o u r c o m p a n y h a v e been issu ed a t $200
a sh are in e x c h a n g e fo r 4 % d e b e n tu re s o f th e C on solldtaeel R y . C o. at p a r.
T h is retired $ 1 7 ,0 4 2 ,0 0 0 o f In d e b te d n e ss b y th e c r e a tio n o f a d d itio n a l
c a p it a l s t o c k o f t h e p a r v a lu e o f $ 8 ,5 2 1 ,0 0 0 . (V . 8 4 , p . 9 9 5 , 105 2, 111 3,
142 5.)
T h e m erger o f th e c o m p a n y w ith t h e C o n s o lid a te d R a ilw a y C o . o n M a y
31 1907 fu r th e r a d d e d 3 0 0 ,0 0 0 shares o f c a p ita l s t o c k , m a k in g th e to t a l
issu ed c a p ita l s t o c k o f y o u r c o m p a n y o n Ju n e 30 1907 1,2 1 8 .7 8 1 sh ares, o f
w h ic h 2 4 7 ,9 7 7 shares are h e ld in th e tre s a u ry o f s u b o r d in a te c o m p a n ie s
w 'hose c a p it a l s t o c k Is a ll o w n e d b y y o u r c o m p a n y .
O n a c c o u n t o f Im p ro v e m e n ts a u th o r iz e d and a d d itio n a l e q u ip m e n t c o n
tr a c te d f o r , th e c o m p a n y has issu ed an d s o ld Its d e b e n tu re s m a tu r in g In
o n e ,-t w o . th ree, fo u r an d five y e a rs , t o th e a m o u n t o f $ 2 5 ,1 7 0 ,0 0 0 , a n d has
a l s o n e g o tia te d th r o u g h N ew Y o r k b an k ers a E u ro p e a n lo a n t o th e a m o u n t
o f 1 4 5 ,0 0 0 ,0 0 0 F re n ch fra n cs o n d e b e n tu re s b e a rin g 4 % Interest an d
m a tu r in g o n A p ril 1 1922.
( V . 8 4 , p . 3 9 1 , 4 5 0 , 5 0 8 , 931 .)
T o fu rn ish th e fu r th e r fu n d s n e e d e d t o m e e t th e p a y m e n ts m a tu r in g
u p o n c o n t r a c ts f o r s u ch n e ce ssa ry Im p r o v e m e n ts and e q u ip m e n t re q u ire d
t o e ffic ie n tly h a n d l3 th e business n o w o ffe r in g an d t o m a in ta in a re a so n a b le
m a rg in f o r fu tu r e n e e d s , t h e d ir e cto r s r e c o m m e n d th a t th e s t o c k h o ld e r s o f
r e c o rd D e c . 2 1907 b e o ffe r e d t h e rig h t t o s u b s c r ib e a t ?1 2 5 a sh are t o a d d i
[V o l .
lxxx
\.
tio n a l s t o c k in th e p r o p o r t io n o f o n e sh are o f n e w s t o c k fo r ea ch fo u r shares
o f o ld , an d th a t th is rig h t b e e x te n d e d t o th e h o ld e rs o f th e c o m p a n y 's c o n
v e r tib le d e b e n tu re c e rtifica te s d a te d Ja n . 1 190 6, p r o p o r tio n a te t o th e ir
rig h ts as fu tu r e s to c k h o ld e r s ; p a y m e n ts t o b e re q u ire d o n su ch su b s c r ip tio n s
a t th e ra te o f 25 % o n J a n . 1 190 8, 25 % o n J u ly 1 190 8, 25 % o n J a n . 1 1909
and 2 5 % o n J u ly 1 1909, w ith th e o p t io n t o t h e s u b s crib e r t o p a y In fu ll
o n a n y o th e r o f t h e d a te s m e n tio n e d . In te re st t o b e a llo w e d at th e ra te o f
5 % p e r a n n u m o n p a rtia l p a y m e n ts u n til s t o c k is issu ed.
A c q u is itio n s .— T h e p ro p e rtie s o f th e C o n n e c tic u t R a ilw a y & L ig h tin g
C o ., co n s istin g o f 193.48 m iles o f u rb a n an d in te ru rb a n e le ctr ic lin es o p e r
a tin g in te r rito r y co n tig u o u s t o y o u r c o m p a n y ’s e le ctr ic ra ilw a y s , an d o f
n u m e ro u s c it y gas an d e lc c tr ic lig h tin g p la n ts , a ll lo c a te d In C o n n e c tic u t,
w e re a c q u ir e d b y lease fo r 999 years at a v a r y in g re n ta l fro m A u g . 1 1906
t o A u g . 1 1914, a n d at a fix e d re n ta l th e r e a fte r .
(See te rm s in V . 8 3 , p .
1523; V . 8 4 , p . 390 , 5 0 7 , 1113, 136 6.)
A t th e sam e tim e purbhases w ere
m a d e o f th e s t o c k o f th e M eriden S o u th in g to n & C o m p o u n c e T r a m w a y
C o ., o f th e N e w M ilfo rd P o w e r C o .. o f th e H o u s a to n lc P o w e r C o. and o f
th e s t o c k and secu rities o f th e R h o d e Is la n d S ecu rities C o .
(V . 8 3 , p . 1524.)
T h e R h o d e Islanei S e cu rities C o . is th e so le o w n e r o f th e s t o c k o f th e
R h o d e Isla n d C o.. w h ic h c o n tr o ls th ro u g h leases 295 m iles o f ele ctr ic r a il
w a y s s itu a te d in th e citie s o f P r o v id e n c e a n d P a w tu c k e t an d a d ja c e n t te r ri
t o r y In th e S ta te o f R h o d e Is la n d , w h ich fe e d an d suppl- m ent y o u r lines
in th a t v ic in it y .
T h e p u rch a se o f th e s t o c k o f th e R h o d e Isla n d S ecu rities
C o. w as m a d e w ith an issue o f 4 % 5 0 -y e a r d e b e n tu re s d a te d M a y 1 1907,
t o th e a m o u n t o f $ 1 9 ,9 1 1 ,0 0 0 , o f th e P r o v id e n c e S ecu rities C o. (a c o m p a n y
w h o s e c a p ita l s t o c k Is o w n e d w h o lly b y y o u r c o m p a n y ) , w h ic h , In c o n s id e r a
tio n o f s u ch o w n e rsh ip , g u a ra n te e d said issu e o f d e b e n tu re s as t o p rin cip a l
a n d in te re st.
(V . 8 3 , p . 1525; V . 8 4 , p . 997 , 1114: V . 8 5 , p . 34 7 .)
It is b e lie v e d th ese p ro p e rtie s in th e m se lv e s w ill e v e n tu a lly b e c o m e a
so u r c e o f p r o fit, t h o u g h a d e fic it In th e returns fro m th e ir o p e r a tio n w as
e s t im a t 'd t o result fo r a s h o rt te rm Im m e d ia te ly fo llo w in g th e ir a c q u is itio n .
T h e ir c o n t r o l w as Im p o rta n t t o th e p r o te c tio n and g r o w th o f o th e r p r o p e r
ties In w h ic h y o u r c o m p a n y w as la r g e ly I n t e r e s t d an d th e in crea sed v a lu e
o f these p e o p rties s h o u ld m ore th a n o ffs e t a n y d ire ct loss o c c u r rin g .
P a ssen ger R a te.— A s in d ica te d in th e la st g en eral s ta te m e n t, o n N o v . 1
190 6, a m a x im u m p assen g er rate o f t w o ce n ts a m ile figu red In m u ltip les o f
liv e , b e c a m e e ffe c tiv e o n th e en tire ro a d .
P e r D ie m F reig h t C a r C h a rge.— F r o m J u ly 1 1907 th e p e r d ie m ra te fo r
th e use o f f a Ight cars wras Increased fro m 25 t o 50 ce n ts a ca r . T h is inc r e a s e o f 100 % , fo llo w in g an in crea se o f 2 5 % e ffe c tiv e o n ly 12 m on th s p re
v io u s ly , m e a n t so seriou s an a d d itio n a l ch a r g e u p o n o u r in c o m e , estim a ted
at $ 1 ,0 0 0 ,0 0 0 p e r a n n u m , an d in t e r rito r y w'here th e law im p oses su ch re
s trictio n s as re n d e r us p o w erless t o a d o p t a n y m easu re o f p r o t e c tio n , im p e ll d us t o p r o te s t a gain st s o u n re a so n a b le a ch a rg e .
F a ilin g in secu rin g
a n y re a so n a b le m easu re o f re lie f, th e n e ce ssa ry n o t ic e , e ffe c tiv e O c t . 1
190 7, has be e n g iv e n o f o u r w ith d r a w a l fro m th e a g re e m e n t g o v e r n in g s u ch
in te rch a n g e .
L in e s M e rg ed .— T h e fo llo w in g lines h a v e b e e n m e r g e d ,’e ffe c tiv e u p o n th e
d a te s n a m e d , a n d th e ir o u ts ta n d in g o b lig a tio n s h a v e b e e n assu m ed a n d a rc
in c lu d e d in this y e a r ’s b a la n c e sh eet:
P r o v id e n c e T e rm in a l C o ., D e c . 29 1906 (V .8 2 , p . 62 9 , 693 , 929; V .8 3 .p .8 1 9 ) .
B o s to n & Newr Y o r k A ir L in e R R . C o ., J a n . 30 1907 ( V . 8 2 , p . 4 5 1 , 1210;
V . 8 4 , p . 2 1 9 ).
M a n u fa ctu re rs ’ R R . C o ., A p ril 30 1907.
T o r r ln g to n & W in c h e s te r Street R y . C o ., Ju n e 28 1907 (V . 8 3 , p . 2 1 4 ).
M eriden S o u th in g to n <)c C o m p . T r a m . C o ., Ju n e 28 1907 ( V . 8 3 , p . 1 5 2 4 ).
P a w tu x e t V a lle y R R . C o .. A p ril 1 6 1907 (V . 8 3 , p . 109 9).
W a t e r b u r y & P o m p e r a u g V a lle y R y . C o ., A p ril 2 2 , 1907.
B a la n ce S h eet.— T h e b a la n c e sheet p re se n te d w ith this re p o r t Is o n e m a d e
u p b y a c o n s o lid a tio n o f th e b a la n c e sh eets o f a ll th e c o m p a n ie s c o n t r o lle d
In th e in terest o f y o u r c o m p a n y th r o u g h th e o w n e rsh ip o f a ll o r a m a jo r it y
o f th e ir c a p ita l s to c k s , e x c e p t in g o n ly th e N e w Y o r k O n ta rio & W estern
an d Cen tral N ew E n g la n d R a ilw a y c o m p a n ie s (n o o b lig a tio n s h a v in g been
assum< d b y y o u r c o m p a n y In c o n n e c t io n w ith t h o s e p ro p e rties o t h e r th a n
o u r in v e s tm e n t in th e ir s e c u r itie s ), th e r e b y p re s e n tin g fo r y o u r c o n s id e r a
tio n a c o m p l" t e s ta te m e n t o f a ll th e assets an d lia b ilitie s o f y o u r c o m p a n y ,
w h e th e r re s u ltin g d ir e c t ly o r th r o u g h th e In te rm e d ia ry o f o th e r c o m p a n ie s
o r in d iv id u a ls.
Sepa ra te O peration o f C on trolled P u b lic S ervice C orp o ra tio n s and S team sh ip
L in e s .— F o r sim p lific a tio n o f o p e r a tio n an d th a t th e a c c o u n t s o f o u r o p
era tin g results m a y b e in te llig ib ly c o m p a r e d w ith th o s e o f o t h e r c o m p a n ie s
n o t o p e r a tin g sim ila r p r o p e r tie s , th e stre e t r a ilw a y s , e le ctr ic lig h tin g , gas
an d w a te r s u p p ly c o m p a n ie s in C o n n e c tic u t o w n e d an d c o n t r o lle d b y y o u r
c o m p a n y h a v e b e e n sin ce Ju n e 1 1907 o p e r a te d u n d e r a c o n t r a c t b y th e
C o n n e c tic u t C o m p a n y , a ll o f w h o s e c a p ita l s t o c k Is o w n e d b y y o u r c o m
p a n y . w h ic h p ro v id e s fo r th e p a y m e n t m o n t h ly o f a ll th e net ea rn in g s,
w h ic h resu lts are s h o w n In th e in c o m e a c c o u n t an d n o t in c lu d e d in eith er
th e gross earnings o r o p e r a tin g e xp en ses o f th e r a ilro a d c o m p a n y .
F o r sim ila r reasons th e s te a m sh ip lines h a v e be e n sin ce Ju n e 1 1907
o p e r a te d u n d e r a c o n t r a c t w ith th e N e w E n g la n d S te a m sh ip C o ., a ll o f
w h o se c a p ita l s to c k Is o w n e d b y y o u r c o m p a n y , an d th e resu lts trea ted in
lik e m an n er.
C entral N ew E n gla n d R a ilw a y .— T h is c o m p a n y ’ s in c o m e a c c o u n t fo r th e
y e a r e n d in g Ju n e 30 1907 sh o w s: G ross ea rn in g s, $ 2 ,1 5 3 ,3 6 6 ; o p e r a tin g
d e fic it , $ 4 3 1 ,0 4 7 ; o th e r in c o m e . $50 ,5 4 8 ; t a x e s , $ 5 6 ,8 8 6 ; re n ta ls o f leased
lin e s, $ 10 6,82 9; Interest o n b o n d s an d o th e r liab ilitie s, $ 1 0 3 ,3 6 1 ; n et d e fic it
fo r y e a r . $ 6 4 7 ,5 6 9 .
T h e o p e ra tin g exp e n se s in clu d e e x p e n d itu r e s d u rin g
th e y e a r fo r r e b u ild in g an d s tre n g th e n in g th e P o u g h k e e p s ie B r id g e .
T h e N e w b u rg h D u tch e ss & C o n n e c tic u t R y . C o ., D u tch e ss C o u n ty R R .
C o ., P o u g h k e e p s ie B rid g e R R . C o . a n d P o u g h k e e p s ie & E a stern R y . C o.
wTere m erg ed w ith th e Central N ew E n g la n d R y . C o . o n Ju n e 25 1907 and
th e ir o u ts ta n d in g o b lig a tio n s a ssu m e d . A s a resu lt o f these m ergers th e
ca p ita l s to c k o f th e C en tral N ew E n g la n d R y . C o . an d th e o w n ersh ip th e r e o f
b y th e N ew Y o r k N ew H a v e n & H a r tfo r d R R . C o . are su m m a rized b e lo w :
Owned by N . Y .
Total.
N .H .& H .R R .
P referred s t o c k ............................................. $ 3 ,7 5 0 ,0 0 0
$ 3 ,3 8 2 ,8 7 6
4 ,8 0 0 ,0 0 0
4 ,3 9 4 ,7 9 5
C o m m o n s t o c k ________________________
F irst m o r tg a g e 5 % b o n d s ____________
1 ,2 5 0 ,0 0 0
190 ,000
G eneral m o r tg a g e In com e b o n d s ------7 ,2 5 0 ,0 0 0
6 ,3 1 8 ,1 2 3
N o t e s ___________________ _______ ________
9 0 0 ,0 0 0
9 0 0 ,0 0 0
P o u g h k . & E a st. 1st m tg e . 5 % b o n d s
500 ,0 0 0
500 ,000
D u tch ess C o u n ty 1st m tg e . 4
% bds.
350 ,0 0 0
N . D . & C. c o l. tru st 5 % b o n d s ______
2 1 6 ,0 0 0
216 ,000
N . D . & C . in co m e b o n d s ____________
1 ,1 6 4 ,5 0 0
1,156,.>00
Oicned by
Others.
$ 3 6 7,12 4
4 0 5 ,2 0 5
1 ,0 6 0 ,0 0 0
9 3 1 ,8 7 7
3 50 ,000
8,0 0 0
T h e re h a b ilita tio n o f th is p r o p e r t y is so fa r a d v a n c e d it Is b eliev ed p r a c
tic a b le t o c o m m e n ce th e p a y m e n t o f a ra te o f In terest, p r o b a b ly n o t e x
c e e d in g 3 % , u p o n th e g eneral m o r tg a g e In com e b o n d s fro m th e net ea rn in gs
fo r th e y e a r e n d in g Ju n e 30 1908.
(C o m p a re V . 8 4 , p . 44 9 , 6 9 3 , 1 4 2 7 .
1 48 7, 1550; V . 8 5 , p . 159 , 220 , 404 .)
S team ship A c q u is itio n s — E a rly In 1907 th e N ew E n g la n d N a v ig a tio n C o.
a cq u ire d b y p u rch ase th e en tire ca p ita l s t o c k o f th e B o s to n & P h ila d elp h ia
S team sh ip C o ., ru n n in g lines o f steam ers in c o n n e c t io n w ith the rail lines
o f y o u r c o m p a n y be tw e e n B o s t o n , P r o v id e n c e a n d P h ila d e lp h ia , P a .
(V . 8 4 , p . 39 2 , 751; V . 7 6 , p . 920 .)
N e g o tia tio n s w ere a lm o s t Im m e d ia te ly en te re d in to w ith th e M erch a n ts'
& M in ers’ T ra n sp o rta tio n C o .. re a ch in g th e p r in cip a l p o r ts sou th from
B o s to n a n d P r o v id e n c e , resu ltin g in th e c o n s o lid a tio n o f th e t w o c o m p a n ie s
u p o n term s w h ich e v e n tu a te d in th e a c q u is itio n b y y o u r c o m p a n y o f a h a lf
Interest in the M e rch a n ts’ & M in ers’ T ra n sp o rta tio n C o . an d th e en terin g
in to o f a c lo s e tr a ffic re la tio n s h ip w ith th e s a m e , w h ic h it is b e lie v e d w ill
n r o v e o f Im p o rta n ce t o th e p r o t e c tio n o f y o u r p r o p e r ty an d th e p r o m o t io n
o f its r e v e n u e .
(V . 8 4 , p . 57 6 , 629 , 7 5 2 , 999 , 1056, 1117; V . 8 5 , p . 4 3 .)
T h e o p e r a tio n o f th e c o n s o lid a te d c o m p a n y since o u r Interest in th e sam e
w as a cq u ire d in d ica te s th e in v e s tm e n t w ill d ir e c t ly return t o y o u r treasu ry
a p r o fit Ip e xce ss o f th e in terest u p o n its c o s t , an d th e In d irect a d v a n ta g e s
a c c r u in g th ro u g h th e Influence it is p o ssib le t o b rin g t o b e a r u p o n th e rate
situ a tio n be tw e e n N ew E n g la n d p o in ts a n d th e p o in ts so u th reach ed b y th e
M e rch a n ts’ & M iners’ an d Us co n n e c tio n s are o f e v e n gre a te r Im p orta n ce t o
v o u r c o m p a n y an d th e p u b lic served b y it.
N eio E n gla n d Investm ent & S ecu rity C o .— T h e high ra te o f In terest p r e
v a ilin g d u r in g th e p a s t y e a r has re n d e re d im p o ssib le th e sale o f a n y large
a m o u n t o f th e 4 % p re fe rre d s to c k o f th e N ew E n g la n d In v e stm e n t &
S e cu rity C o ., fro m w h ich It w as e x p e c t e d there w o u ld be realized s u fficien t
m o n e y t o e n a b le it t o d isch a rg e Its in d e b te d n e s s Incurred t h r o u g h th e
sale b y th e C o n s o lid a te d R a ilw a y C o . o f ce rta in secu rities In e le ctr ic 1In es
In M assach u setts referred t o In th e r e p o rt fo r th e y e a r e n d in g Jun e 30 190 6,
w h ic h in d e b te d n e s s , th ro u g h pro ce ss o f m e rge r, has b e c o m e th e p r o p e r t y 'o f
your com pan y.
O n ly a b o u t $ 4 ,0 0 0 ,0 0 0 p a r v a lu e o f said s to c k has th u s
fa r be e n d is p o s e d o f , a n d , u n til fina ncial c o n d itio n s m a te ria lly I m p r o v e ,
n o fu r th e r sales are a d v is a b le . T h e Interest d u e has been p aid a n d th e p r o p
ertles c o n tr o lle d b y th e N ew E n g la n d In v e s tm e n t & S e c u r ity C o. ln d ica te a d e v e lo p m e n t w h ich s h o u ld result w ith in a re a so n a b le tim e In th e p a y m e n t
o f th e a m o u n t o f In d e b te d n e ss d u e . ( V . 8 3 , p . 4 9 2 , 110 2, 1474; \ . » 4 ,
p . 5 7 0 , 99 6 , 1 05 2, 1428.)
M e rg er with C on solidated R y . C o .— O n M a y 31 1 90 7, in a c c o r d a n c e w ith
«an A c t o l th e S ta te o f C o n n e c tic u t au th o riz in g th e sa m e , a m e rge r w as
e ffe c te d o f th e C on solid ated R a ilw a y C o. an d th e N e w Y o r k N ew H a v e n &
H a r tfo r d R R . C o. u n d er th e n a m e o f “ T h e N ew Y o r k N e w H a v e n & H a r t
f o r d R R . C o .”
“ T h e N ew Y o r k N ew H a v e n & H a rtfo rd R R . C o .” as t o
d a y c o n s t it u t e d , is th e ow n e r d ir e c t ly o f a ll th e r a ilro a d s , e le ctr ic u rb a n
a n d in teru rb a n lin es, lig h tin g , gas an d w ater s u p p ly c o m p a n ie s fo rm e r ly
o w n e d and op e r a te d u n d er th e separate c o m p a n ie s k n o w n as th e N ew Y o r k
N e w H a v en & H a r tfo r d R R . an d th e C o n s o lid a te d R a ilw a y c o m p a n ie s.
(V . 8 4 , p . 1308.)
B oston * M a in e R R .— E a rly in th e p resen t y e a r a large a m o u n t o f the
ca p ita l s t o c k o f th e B o sto n & M aine R R . w as seeking a m a r k e t, an d if
a cq u ire d b y interests lik ely t o b e c o m e th e pu rch a se rs, th e result m ig h t h a v e
b e e n a seriou s m en a ce t o th e in d e p e n d e n c e an d p ro s p e r ity o f y o u r p r o p e r t y .
A ft e r a lo n g n e g o tia tio n a greem en ts w ere e n tered in to th r o u g h w h ich y o u r
c o m p a n y b e c a m e in d ire c tly th e o w n e r o f th e sa m e . S u ch a greem en ts c o n
te m p la te d g iv in g all th e s to c k h o ld e r s o f th e B o s to n & M aine th e sam e
te r m s , b u t b efore th e y b e c a m e e ffe c tiv e le g isla tio n w as e n a c te d in M assa
ch u s etts p r o h ib itin g a n y fu rth e r a c q u is itio n o f s to c k b e fo re J u ly 1 1908.
In a s m u ch as th e term s agreed u p o n c o n te m p la te d a loss o f SI p e r a n n u m
p e r share u p o n a ll s t o c k t o b e a c q u ir e d , it has w o rk e d n o h ard sh ip u p o n y o u r
c o m p a n y th u s fa r , an d as th e batan ce o f th e B o s to n & M aine s to c k is w id e ly
s ca tte re d th ere is n o lon g er d a n g e r o f its c o n tr o l passin g t o Interests in im ical
t o th ose o f y o u r p r o p e r t y .
(V . 84, p . 1181, 1365; V . 8 5 , p . 39.)
T h e B oston & M aine R R . is p r o b a b ly as little c o m p e titiv e and is m ore
s u p p le m e n ta ry an d c o m p le m e n ta r y t o y o u r sy ste m o f ro a d s th a n a n y o th e r
railroa d p r o p e r ty w ith w h ich w e are e n ga g ed in bu sin ess, an d th e o p e ra tio n
o f th e t w o p ro p e rtie s In clo se h a r m o n y w ith th e e co n o m ie s n a tu r a lly re
s u ltin g sh ou ld ren d er p ossib le an im p ro v e d s e n d e e a n d re d u c e d tariffs; and
if th e B o s to n & M aine R R . can be a c q u ir e d , w ith th e g o o d -w ill o f th e p u b lic
it n o w s erves, it sh ou ld p r o v e t o be a p ro fita b le business v e n tu re ; b u t If there
is t o b e o n ly u n fa v o r a b le criticis m it m a y b e w e ll t o p r o c e e d n o fa r th e r,
bu t such in v es tm en t as has a lr e a d y be e n m a d e e v e n in th a t e v e n t Is ju stifie d
in th a t It has r e m o v e d w h a t c o u ld o n ly b e re g a rd e d as a m e n a ce t o y o u r
p r o p e r t y in p re v e n tn g th e c o n t r o l pa ssin g in a n o th e r d ir e ctio n .
Investm ents in S tocks o f L eased R ailroad C o m p a n ies N o t C on trolled .
P a r V a lu e. B o o k V a lue.
O ld C o lo n y R R . C o ................................ ......... ...................$ 0 ,8 9 6 ,7 0 0
$ 7 ,6 3 8 ,7 5 8
B o s to n & P r o v id e n c e R R ___________________________
190 .200
583 ,453
P r o v id e n c e & W o r c e s te r R R . C o _________________
2 66 ,900
791 ,0 8 6
N o rw ich & W o r c e s t e r R R . C o _____________________
5 5 ,0 0 0
127 ,488
W e s t S h ore R y . C o _________________________________
2 1 ,875
31,574
2 0 ,0 0 0
20,0 0 0
H o ly o k e & W e s tfie ld R R C o _____________________
Other Investm ents (total book value $ 3 8 ,6 5 3 ,3 3 5 ).
P a r V a lu e.
B o o k V a lu e
B o s to n & M aine R R . s t o c k - ________________________ $ 1 0 ,9 9 4 ,8 0 0 $1 2 ,8 5 5 ,9 8 4
B o s to n T erm in a l C o _________________________________
2 0 0 ,0 0 0
200 ,000
N\ Y . O n ta rio <& W e s te rn R R . s t o c k , c o m m o n ___ 2 9 ,1 0 0 ,0 0 0
13,1 0 5 ,1 8 5
N . Y . O n ta rio & W e ste rn R R . s t o c k , p r e f e r r e d ..
2,2 0 0
3,212
C en tral N ew E n g la n d R y . C o _____________________ See a b o v e .
6 ,5 0 0 ,3 6 6
W o o d R iv e r B ra n ch R R . s t o c k ___________________
33,1 0 0
21,467
H a rtfo rd & C o n n e cticu t W estern R R . 's t o c k ____
7 0 ,5 0 0
34,703
M erch a n ts ’ & M in ers' T r a n s p o rta tio n C o . s t o c k . .
2 ,5 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
In v e s tm e n ts In N e w Y o r k C o n n e ctin g R R . C o . _
_______
* 1 ,5 2 7 ,2 2 7
B e n n in g to n & N o rth A d a m s S tre e t R y . C o . s t o c k .
643 ,467
560 .033
In v e s tm e n t In W o r c e ste r & W e b s te r a n d W e b s te r
& D u d le y S treet R y . c o m p a n ie s ________________
_______
* 1 ,0 2 0 ,1 9 0
_______
324 ,9 6 6
M iscella n eou s In v es tm en ts ___________________________
♦ In clu des a d v a n ces .
M arketable S tocks and B on d s (total book value $ 5 ,2 7 3 ,7 9 1 ).
P e n n s y lv a n ia R R . C o. s t o c k _______________________
M erch a n ts’ & M in ers’ T ra n s. C o. 4 % d e b e n tu re s
C en tral N ew E n gla n d R y . C o. 5 % 1st m tg e . b o n d s .
P o u g h k . & E a stern R y . C o. 5 % 1st m tg e . b o n d s .
N e w b . D u tch ess & C on n . R R . C o . 5 % co ll. tr. b d s .
B en n . & N o . A d a m s S t. R y . C o. 5 % 1st M . b o n d s .
M iscella n eou s b o n d s _________________________________
D eb en tu res o f S u bsid iary C om p a n ies
P a r V a lu e. B o o k V a lu e.
$38 ,5 5 0
$38 ,550
3 ,2 5 0 ,0 0 0
3 ,2 5 0 ,0 0 0
190 .0 0 0
199,500
5 0 0 ,0 0 0
500 ,0 0 0
2 1 6 ,0 0 0
216 ,0 0 0
445 .0 0 0
445 ,0 0 0
6 24 ,500
624,741
(total in hands o f pu b lic $ 2 4 ,1 7 3 ,0 0 0 ).
Total
H eld by
I n hands of
O utstanding. C o m p a n ies.
P u b lic .
P r o v id e n c e S ecu rities C o. 4 % g o ld
__________ $ 1 9 ,8 9 8 ,0 0 0
d e b e n tu re s, d u e M a y 1 19 5 7 _______$ 1 9 ,8 9 8 ,0 0 0
N e w E n g la n d N a v ig a tio n C o . 4 %
d e b e n tu re s, d u e Ja n . 1 1 9 5 5 ______
3 ,1 7 5 ,0 0 0
$ 2 ,5 0 0 ,0 0 0
a 6 7 5 ,0 0 0
N ew E n gla n d N a v ig a tio n C o . 4 %
g o ld d e b e n tu re s , d u e N o v . 13 1 9 5 5 .
3 ,6 0 0 ,0 0 0
_________
&3,6 0 0 ,0 0 0
a H eld b y N . Y . N . H . & H . R R . C o ., lessee N o rw ich & W o r c e s te r R R .
b H eld b y N . Y . N . H . & H . R R . C o ., lessee O ld C o lo n y R R .
O P E R A T IO N S A N D F IS C A L R E S U L T S .
19 0 6 -0 7 .
190 5-0 6.
1904-05.
190 3-0 4.
M iles op e ra te d Ju n e 3 0 . .
2,0 6 0
2 ,0 5 7
2,088
2,031
E q u ip m e n t—
1,176
1,135
1,186
L o c o m o t iv e s ___________
1,055
P a ssen ger o a r s ___________
2,202
2,1 6 4
2,090
2,0 5 0
19,7 7 6
1 9 ,264
16,862
17,128
F r e ig h t c a r s ____ _________
O th er c a r s _______________
1,056
674
646
612
O p era tion s— R e v e n u e passengers an d fre ig h t o n ly .
P a ssen gers c a r r ie d _____ 7 5 ,3 3 3 ,8 1 6
6 9 ,2 1 9 .1 4 7
6 3 ,3 2 3 ,4 7 5 6 3 ,1 3 0 ,4 5 9
P a ssen gers c a rrie d lm ile l3 7 1 .r»16126 125 562579 2 1175639026 1135702328
1 .7 2 5 c t s ,
R a te p er pass, p er m ile .
1.623 c ts .
1.683 c ts .
1.702 c ts .
F r e ig h t (ton s) c a r r ie d - - 2 1 ,3 7 0 ,2 3 0
2 0 .2 5 9 ,2 9 6
1 8 .3 2 1 .3 2 7 1 7 ,5 6 0 ,4 8 5
Prelgh (ton s) c a r ’d 1 m . 1927686950
1888605411 1742915367 1 66 138218 6
1.4 2 3 c t « .
R a te p e r t o n p e r m ile ___
1.436 c ts .
1.407 c ts .
1.408 c ts .
P a ss, earns, p e r m . o f r ’d
$ 1 2 ,9 8 9
$ 1 2 ,2 4 6
$11 ,634
$11 ,5 8 0
P ass, earn s, p er tra in m .
$ 1 .6 5
$1.62
S I .55
$1.47
$12 ,017
F reig h t e a r n .p .m . o f r ’d
$ 1 3 ,7 7 9
$13 213
$12 ,1 1 0
$3.06
F r e ig h t e a rn , p tra in m .
$3.5 0
$3 .4 0
$3,24
A v . N o . pa ss. In tra in .
84
81
76
71
A v . N o . ton s in t r a in . _
238
236
222!
208
190 6-0 7.
190 5-0 6.
E a rn in g s —$
S
P a ssen ger d e p a r t m e n t .. 2 6 .7 5 8 ,9 2 9
2 5 ,2 5 2 .1 2 4
F reigh t d e p a rtm e n t— . 2 8,386,704
27,2 4 7 ,1 1 8
M is c e lla n e o u s ___________
456 ,303
485,080
190 4-0 5.
S
2 4 ,1 4 6 ,4 5 4
2 5 ,341,855
493 ,638
1903-04.
S
2 3 ,4 2 5 ,1 7 3
24,413,541
444,195
T o t a l __________________
1,601,936
E x p en se s —
M a in te n a n ce o f w a y , &c
5 ,4 7 9 .0 8 9
M ain t. o f e q u ip m e n t ___
5 ,6 3 8 ,7 8 4
T r a n s p o rta tio n ________ 2 5 ,2 8 6 ,3 0 6
G e n e r a l _________________
1 ,4 4 5 ,9 0 2
5 2 ,9 8 4 ,3 2 2
4 9 ,9 8 1 ,9 4 7
4 8 ,2 8 2 ,9 0 9
5 ,6 1 4 .9 7 8
5 ,6 6 8 ,5 2 5
2 2 ,6 1 0 .5 6 8
1 ,3 2 8 ,5 1 6
5 ,1 6 8 ,7 0 9
5 ,0 8 7 ,9 6 6
2 4 ,2 8 7 ,0 1 8
1 ,2 8 9 ,3 2 9
5,4 6 7 ,2 0 1
4 .7 0 3 ,8 7 3
2 3 ,9 1 1 .3 4 7
1 ,076,790
T o t a l ____ j ..................... 3 7 .8 5 0 ,0 8 1
P . c . o f e x p . t o e a r n s .. .
(6 8 .0 7 )
N et e a r n in g s ____________ 1 7 ,7 5 1 ,8 5 5
N etea rn ln g s s treet r y s . .
3 ,6 1 5 ,9 0 0
N et earnings SS. lines
635 ,1 2 7
D iv id e n d s o n s t o c k s . .
In terest a n d m lscei _ .
2 ,0 7 7 ,8 7 4
3 5 ,2 2 2 ,5 8 7
(6 6 .4 7 )
1 7 ,7 6 1 ,7 3 6
3 5 ,8 3 3 ,0 2 3
(7 1 .6 9 )
1 4 ,1 4 8 ,9 2 4
3 5 ,1 5 9 ,2 1 1
(72.81)
1 3 ,1 2 3 ,6 9 8
1,2 2 3 ,4 5 2
9 0 6 ,4 3 6
T o t a l n e t in c o m e ____ 2 4 ,0 8 0 ,7 5 6
D ed u ct—
In te re st o n b o n d s ______1 5 ,7 3 2 ,7 4 3
O th er Interest __________]
R e n t a l s --------------------------5 ,6 0 4 ,8 4 6
T a x e s ...........- .....................
3 ,5 9 2 ,2 3 6
8 % o n S to c k ------------------6 ,9 0 4 ,9 8 8
I m p r o v ’ts & b e t t e r m ’ t s .
_________
I n s u ra n ce f u n d ----------------------------M is c e lla n e o u s ....................
2 5 7 ,8 8 9
19,9 3 7 ,4 9 3
1 5 ,3 7 2 ,3 7 6
1 4 ,0 3 0 ,1 3 4
1 ,4 3 2 ,4 7 3
4 3 5 ,3 8 5
4 ,1 3 6 ,8 4 3
2 ,6 5 9 ,6 2 4
6 ,4 0 0 ,0 0 0
779 ,667
27 9 ,9 9 3
4 ,4 2 0 ,2 8 3
2 ,4 5 5 ,4 3 4
6 ,0 0 6 ,4 4 8
T o t a l _______
S u r p l u s .............
1 9 .5 4 6 ,2 0 6
39 1 ,2 8 7
15,0 6 4 ,3 2 5
308,051
13 ,9 4 1 ,8 2 5
8 8 ,3 0 9
859
THE CHRONICLE.
O ct . 5 1907.]
22,092,702
1,9 8 8 ,0 5 4
1 ,411,4721
7 6 4 ,2 8 5 /
3 ,0 0 5 ,7 9 3 /
3 ,9 3 5 ,5 9 4
2 ,8 1 0 ,7 2 9
6 ,4 6 7 ,0 9 2
3 ,0 0 0 ,0 0 0
326 ,998
B A L A N C E S H E E T J U N E 30.
(A s to change m ade in 1 9 0 7 see text above.)
1 90 7.
1906.
A s s e ts —
$
$
C ost o f p r o p e r tie s _________________________________ - _ 1 9 1 ,8 7 0 ,9 8 8 1 4 1 ,6 0 8 ,9 5 0
---------------S team r a ilr o a d s ___________________________________. . . 3 2 ,7 0 2 ,9 4 0
S tre e t r a ilw a y s ________________________________________
6 ,4 5 8 ,2 3 7
--------------S team sh ip s ___________________________________________ 1 3 ,7 6 3 ,5 8 3
__________
I n v e s t m ’ ts in s tock stof leased R R . c o s . n o t c o n t r ’d . * 9 ,1 9 2 ,3 6 2
8 ,9 8 4 ,6 4 3
--------------1 0 ,0 9 5 ,9 3 3
C o n s o lid a te d R y . C o . s t o c k o w n e d --------------------------N e w E n g la n d N a v ig a tio n C o . s t o c k o w n e d ------------------------5 ,9 4 8 ,4 6 9
O th e r in v e s tm e n ts ____________________________________ * 3 8 ,6 5 3 ,3 3 5
1 9 ,8 6 3 ,9 1 1
R e a l esta te a t P a rk S q u a re, B o s to n , an d S ou th S t.,
N ew Y o r k , h eld fo r sa le ____________________ ______
5 ,2 1 0 ,0 0 0
5 ,2 1 0 ,0 0 0
A d v a n c e s t o leased lin es n o t c o n t r o lle d , fo r im
p r o v e m e n ts a n d b e tte r m e n ts _____________________
7 ,8 3 5 ,8 6 7
1 ,2 0 3 ,1 7 6
0 ,0 0 4 ,4 0 3
3 ,6 6 3 ,9 3 3
M aterials fu e l an d o th e r s u p p lie s ___________________
A g e n ts ’ an d c o n d u c to r s ’ b a la n c e s --------------------------3 ,0 2 0 ,5 6 5
1 ,9 4 2 ,3 5 3
T r a ffic b a la n ce s _______________________________________
2 6 4 ,7 9 3
185 ,4 0 2
M iscella n eou s a c c o u n ts _______________________________
3 ,6 1 1 ,0 2 5
2 ,8 0 2 ,7 5 4
B ills r e c e iv a b le ________________________________________ 1 4 ,5 5 0 ,9 1 3
214 ,514
M a rk eta b le sto ck s a n d b o n d s _______________________ * 5 ,2 7 3 ,7 9 1
1 5 ,9 9 4 ,5 8 7
D eferred p a y m e n t o n su b s crip tio n o f d e b e n t u r e s 2 2 ,3 2 7 ,6 1 9
-------------Cash in ba n k s an d o n h a n d _________________________
7 ,6 1 2 ,3 7 0
3 ,7 0 7 ,6 9 3
Cash o n s p e cia l d e p o s it ----------------------------------------------— --------1 2 ,5 6 6 ,4 5 8
6 14 .508
4 ,0 2 8 ,2 8 0
Cash fo r p a y m e n t o f in te re st an d d iv id e n d s ----------9 6 9 ,4 6 6
7 0 4 .4 6 4
In su ra n ce fu n d assets (a t c o s t ) -------2 0 3 ,5 4 3
1 02 ,992
A c c id e n t an d c a s u a lty fu n d assets (a t c o s t ) ----------762 ,0 0 0
7 3 6 ,6 0 0
T ru stees o f H a rle m R iv e r an d P o r t C h ester b o n d s .
8 2 9 ,4 1 9
8 8 4 ,7 7 9
S in k in g fu n d fo r N . H . & N o r t h a m p to n b o n d ___
4 5 6 ,9 0 4
O th e r s in k in g , & c ., fu n d s ___________________________
114 ,623
4 1 3 ,3 0 8
P re p a id in su ra n ce , p ie r re n ta ls , & c ----------------- —
T o t a l a sse ts________________________________________ 374
L ia b ilities —
C a p ita l s t o c k ________________ ■------------------------------------- 97
O u tsta n d in g c a p ita l s to c k s o f su b s id ia r y c o m p a n ie s
N Y . N . H . & H . R R . C o . d e b e n tu re s , in c lu d in g
d e b e n tu re s o f m e rg e d ro a d s a s s u m e d -------------------146
D e b e n tu re s o f su b s id ia r y c o m p a n ie s ----------------------- *24
N . Y . N . H . & H . R R . C o . b o n d e d d e b t , in c lu d in g
d e b t o f m e rg e d ro a d s a s s u m e d ___________________ 32
B o n d e d d e b t o f co n s titu e n t c o m p a n ie s . --------------- 25
R e s e r v e fo r p e rs o n a l p r o p e r t y h e ld u n d e r le a s e s . . ' 8
O b lig a tio n s t o o w n ers o f leased ro a d s fo r e q u ip
m e n t an d p e rso n a l p r o p e r t y --------------------- :------------T r a ffic b a la n c e s _______________________: ----------------------- 2
A u d ite d v o u c h e r s --------------------------------------------------- 6
B ills p a y a b le _________________________________________
3
M iscella n eou s a c c o u n ts p a y a b le ____________________
U n p a id w a g e s _________________________________________
R e n ta ls o f leased lines a c c r u e d ________________ _ —
In te re st d u e o r a c c r u e d _______________________________
3
D iv id e n d s d u e o r a c c r u e d ------------------------------------------2
In su ra n ce f u n d ------------------- - t -----------------------------------1
R e s e r v e fo r in s u r ., a c c id e n t an d c a s u a lty f u n d . . .
S in k .fu n d fo r N . H . & N o rth , g e n . M . a n d s. f.b d s .
O th er fu n d s an d m is c e lla n e o u s ______________________
P r o fit an d loss a c c o u n t _______________________________ 17
,770,120 2 3 9 ,4 8 6 ,3 3 6
0 8 0 .4 0 0
2 8 0 .4 0 0
8 3 ,3 5 7 ,1 0 0
1 ,1 6 7 ,1 1 9
,965,400
173.000
7 0 ,315,725
3 3 9 .0 0 0
2 32 .000
,630,462
2 0 .0 4 3 .0 0 0
2 2 .1 8 5 .0 0 0
5 6 1 ,1 2 2
16 7 ,8 5 9
0 7 7 ,7 0 0
8 8 7 ,4 7 9
558 ,3 3 1
2 3 0 ,7 5 3
0 9 3 ,5 6 2
461 ,028
0 7 7 ,8 4 7
8 9 9 ,1 8 9
8 8 4 ,7 7 9
7 67 ,7 7 0
4 0 2 ,0 3 9
6 ,1 2 7 ,8 8 3
1 ,8 5 7 ,0 2 3
4 ,6 3 5 ,9 3 9
9 ,3 7 0 ,4 4 0
1 ,3 2 2 ,4 3 0
4 3 8 ,4 8 4
177,912
1 ,6 4 8 ,3 7 5
1,688 946
9 4 5 ,8 1 5
2 9 1 ,2 7 7
8 2 9 ,4 1 9
1 3 ,0 8 4 ,4 4 6
T o t a l lia b ilitie s ........ ......................................................... .. 3 7 4 ,7 7 0 ,120 239 ,4 8 6.33 6
* S ee ta b u la te d sta te m e n t a b o v e .— V . 8 5 , p . 7 9 4 , 723 .
Boston «5c Maine Railroad.
(Report for the Fiscal Year ending .June 30 1907 .)
President Lucius Tuttle,under date of Boston, Sept. 16,
says in substance:
O p era tion s.— A s c o m p a r e d w ith th e p r e v io u s y e a r , th e r e w as an in crea se
in r e c e ip ts fro m a ll so u rce s o f $ 1 ,9 9 3 ,3 2 7 , o f w h ic h $29 2 ,5 8 0 w as fro m
passen gers c a r r ie d , $ 1 ,4 9 4 ,9 2 9 fro m fre ig h t t r a ffic a n d $ 2 0 5,81 8 fro m
oth e r s o u rce s. T h e n u m b e r o f p assengers ca rrie d in c re a s e d 1 ,5 2 9 ,5 8 7
an d th e to n s o f fre ig h t 7 1 3 ,4 8 2 .
T h is in cre a se In in c o m e w a s , h o w e v e r ,
n e a r ly o ffs e t b y e n la rg e m e n ts in t h e c o s t o f o p e r a t io n , t h e o p e r a tin g p a y ro lls a lo n e b e in g $ 1 ,8 3 2 ,8 6 3 gre a te r th a n in th e p r e c e d in g y e a r .
O perating E x p en se s and C harges to C a p ita l A c c o u n t.— T h e o p e r a tin g e x
penses w e re $ 1 ,6 1 5 ,0 2 9 m o re th a n th o s e o f th e p r e v io u s y e a r , b u t t h e y d o
n o t in c lu d e th e f o llo w in g e x p e n d itu r e s fo r a d d itio n s and b e tte r m e n ts ,
a m o u n tin g t o $ 4 9 3 ,2 4 9 , w h ic h , u n d e r p r e v io u s fo rm s o f a c c o u n t in g , w o u ld
h a v e be e n c h a rg e d d ir e c t ly t o o p e r a tin g e x p e n s e in ste a d o f b e in g d e d u c te d
fro m th e y e a r ’s su r p lu s , as has b e e n d o n e in th is y e a r ’s r e p o r t , in c o m p lia n c e
w ith a n e w fo r m o f a c c o u n t in g p r e s c r ib e d f o r a ll r a ilr o a d s b y t h e In te r S ta te C o m m e rce C o m m issio n .
Item s Charged to C a p ita i A c c o u n t.
A d d it io n a l e q u ip m e n t -------$ 4 ,0 9 6 ,8 3 5
A b o lit io n o f N e w b u r y p o r t
152 ,6 5 2
t u n n e l ____________ ______ ___$ 25 ,007 P u rch a se o f Danvers R R .
P u rch a se o f N e w b u r y p o r t
L o o p lin e , R o c k p o r t .M a s s .
19,237
3 0 5 ,4 0 6
RR.
2d tr a c k u n d e r c o n s t r u c . 70,5 2 7
R e m o v a l o f gra d e crossin gs 8 7 ,2 6 1 . R e a l e sta te an d o th e r in
8 6 ,5 7 7
ve s tm e n ts _______________
A u to m a t ic b lo c k sign a ls. .
3 3 ,6 2 0 )
T o t a l . - . _________________________ __________ __________ ______ _________$4 ,8 7 7 ,1 2 2
Less s t o c k an d b o n d s o f D a n v e rs a n d N e w b u r y p o r t r a ilro a d s
fo r m e r ly h e ld b u t sin ce c a n c e le d _________________________________
432 ,9 5 8
T o t a l . ___________________ ___________ ______________________________ $ 4 ,4 4 4 ,1 6 4
A d d itio n s to R ollin g S tock .— D u rin g th e y e a r n ew e q u ip m e n t w as a d d e d
as fo llo w s : 65 lo c o m o t iv e s , 46 pa ssen g er, 4 p a r lo r , 12 d in in g , 6 b a g g a g e ,
1 m a il, 6 c o m b in a tio n , 10 h orse, a n d 4 m ilk ca rs, 3 ,7 5 6 fre ig h t a n d 27
c a b o o s e c a r s , 2 s to c k ca rs, 3 w re ck in g cra n es, 1 c o a l c ra n e , and 2 ste a m sh o v e ls, a t a to t a l co s t — less p ro ce e d s o f o ld e q u ip m e n t s o ld — o f $ 4 ,8 3 8 ,5 0 4 .
O f th is a m o u n t $74 1 ,6 6 9 has been in clu d e d in th e y e a r ’ s o p e ra tin g ex p e n se s,
an d th e re m a in d er, $ 4 ,0 9 6 ,8 3 5 , has been ch a rg e d t o ca p ita l a c c o u n t.
C o n tra cts w ere a lso m a d e fo r th e a d d itio n a l co n s tr u c tio n o f 5 ,1 4 4 freig h t
ca rs, 30 p assen ger ca rs, 3 b a g g a g e cars an d 35 lo c o m o t iv e s , a t a t o ta l c o s t
o f $ 4 ,8 4 6 ,0 7 0 . U n d e r th e se c o n tr a c ts 1,2 0 5 fre ig h t c a r s , 30 p assen ger
cars an d 8 lo c o m o tiv e s h a v e b een re ce iv e d sin ce th e c lo se o f th e fiscal y e a r,
an d th e b a la n ce are t o c o m e d u rin g th e n e x t six m o n th s.
A u tom a tic B lock S ig n a ls.— T h e w o rk o f in s ta llin g a u to m a tic b lo c k signals
has b een a c tiv e ly c o n tin u e d ; an d b y th e c lo se o f th e p resen t season it Is
e x p e c te d th a t 286 m iles o f tr a c k w ill b e fu lly e q u ip p e d w ith th is s a fe ty
d e v ic e .
E x p e n d itu re s w ere m a d e d u rin g th e y e a r a m o u n tin g t o $ 1 8 2 ,2 7 4 ,
and m a teria l has been a c c u m u la te d o r c o n tr a c te d fo r s u ffic ie n t t o eq u ip
881 m iles o f a d d itio n a l tr a c k , a t an estim a te d c o s t o f a b o u t $ 1 ,0 0 0 ,0 0 0 .
It is proposed to go on co n tin u o u s ly w ith th is w o rk u n til a ll o f th e m ain
an d b ra n ch lin es sh all b e fu lly e q u ip p e d , b u t th e in tric a c y o f m o d e r n b lo c k
sign al in sta lla tio n is su ch th a t a c o m p le tio n o f it c a n n o t b e e x p e c te d fo r
th ree o r fo u r yea rs t o co m e .
C a p ita l S lo ck .— O n Ju n e 30 1907 th e o u ts ta n d in g c a p ita l s t o c k co n siste d
o f 3 1 ,4 9 8 shares o f p referred and 274.881 fu lly p a id shares o f c o m m o n
s to c k , a t o ta l o f 3 0 6 ,3 7 9 sh ares, in clu d in g 1 1 ,283 shares o f c o m m o n s to ck
o w n e d b y th is c o m p a n y , u p o n w h ich n o d iv id e n d s are p a id . T h is w as
o w n ed o n J u n e 30 b y 7,7 1 8 p e rso n s, o f w h ich 4 ,8 6 3 , o w n in g 181 ,0 2 7 sh ares,
resid e in M assach u setts.
A t th e d a te o f th is re p o rt fu ll p a y m e n ts fo r th e n ew issu e o f c o m m o n
s to c k o f S e p t. I 1906 h a v e b een m a d e fo r 2 8 ,7 4 2 shares a n d in sta llm e n t
p a y m e n ts u p o n 7 ,5 9 5 shares.
F u n d ed D eb t.— A t th e c lo se o f th e fiscal y e a r th e fu n d e d d e b t s to o d at
$ 3 0 ,4 8 6 ,5 0 0 , a re d u c tio n d u rin g th e y e a r o f $ 8 1 9 ,0 4 4 , as fo llo w s :
E a stern R R . certifica tes o f in d e b te d n e ss, m a tu re d S e p t. 1 1 9 0 6 .. $ 7 ,7 2 4 ,2 4 4
E a stern R R . la n d m ortg a g es n o te s , m a tu red .Sept. 1 1 9 0 6_______
5 9 4 ,8 0 0
C en tral M assach u setts R R . b o n d s , m a tu re d Ju n e 1 1907
. .
2 ,0 0 0 ,0 0 0
B o s to n & M aine R R . im p r o v e m e n t b o n d s , m a tu re d F e b 1 1 9 0 7 .
5 0 0 ,0 0 0
T o t a l b o n d s ________________________________________ __________ _____ $ 1 0 ,8 1 9 ,0 4 4 '
Less B o s to n & M aine re fu n d in g b o n d s is su e d ------------------------------- 1 0 ,0 0 0 ,0 0 0
$819,044
N e t r e d u c t io n _____________________________________________________
Other R efu n d in gs R eq u ired .— P o rtla n d & R o c h e s te r R a ilr o a d C o . term in a l
b o n d s a m o u n tin g t o $ 1 1 3,50 0 w ill b e co m e d u e O c t. 1 1907.
T h e sale o f th e $ 1 0 ,0 0 0 ,0 0 0 o f th is c o m p a n y ’s re fu n d in g b o n d s o f S e p t. I
190 6, a b o v e referred t o , p r o d u c e d , In clu d in g th e p rem iu m receiv ed a b o v e
th e ir p a r v a lu e , $ 1 0 ,1 2 0 ,0 0 0 ; b u t th e fu n d e d d e b t w h ich th e y w ere Issued
THE CHRONICLE.
t o d isch a rg e a m o u n te d t o $ 1 0 ,3 1 9 ,0 4 4 , an d th is a m o u n t, t o g e th e r w ith t h e
P ortla n d & R o c h e s te r b o n d s and th e a m o u n t ($2 3 7 ,7 2 9 ) p a id fr o m th e
treasu ry .to refu n d th e $50 0,00 0 B o s to n & M aine b o n d s w h ic h m a tu re d
F eb . 1 (th e sin k in g fu n d p r o v id in g th e o th e r $262,271 r e q u ire d fo r th e ir
p a y m e n t ), lea v es a b a la n c e o f $ 5 5 0,27 3 t o b e p r o v id e d fo r .
N ew B on d I s su es .— T h ro u g h th e re ce n t d is trib u tio n t o s to c k h o ld e r s o f
■anew issu e o f c o m m o n s t o c k , w e n o w h a v e th e rig h t t o m a k e a d d itio n a l
b o n d issues t o th e a m o u n t o f $ 6 ,3 8 9 ,0 0 0 .
T o p r o v id e fu n d s fo r th e p a y
m en t o f th e c o m p a n y ’s flo a tin g d e b t a n d fo r e x p e n d itu re s n e ce s s a ry .to b e
m ade in th e n ea r fu tu r e f o r a d d itio n a l s e c o n d t r a c k , a u to m a tic b lo c k signals
a la rg e a m o u n t o f n e w iro llin g -s to ck e q u ip m e n t, an d o th e r p e rm a n e n t
a d d itio n s t o and im p ro v e m e n ts o f th e p r o p e r t y , th e d ir e cto r s r e c o m m e n d
ih at t h e y b e g iv e n a u th o r ity t o issu e, at s u ch tim e s as t h e y m a y d e e m
e x p e d ie n t , a d d itio n a l b o n d s t o an a m o u n t n o t e x c e e d in g $6,00 0 ,0 0 0 , and
an a r tic le t o th a t en d has b e e n in c lu d e d in th e c a ll fo r th e s to c k h o ld e r s
aaeeting.
F loa tin g D eb t.— A s a b o u t $ 2 ,8 0 0 ,0 0 0 w o rth o f th e n e w c o m m o n s t o c k
uflered t o s to c k h o ld e r s S e p t. 1 1906 w as n o t s u b s c r ib e d fo r , an d as th e
a m o u n t re c e iv e d fro m th e sale o f th e last issu e o f re fu n d in g b o n d s w as
$436,773 less th a n th e a m o u n t p a id in d is ch a rg in g m a tu re d o b lig a tio n s
(o th e r th a n th a t a ccru in g fro m sin k in g f u n d s ) , it has been ft u n d n ece ssa ry
t o p r o v id e fo r th e se an d o th e r co n tin g e n c ie s th r o u g h issues o f s h o r t-te r m
a o te s, a n d a floa tin g d e b t has b e e n th e r e b y in cu rre d w h ic h , as sh o w n in
th e b a la n ce sh eet, s t o o d a t th e c lo s e o f th e fiscal y e a r at $3-,700,000. A ssets
m u ch m o r e th a n s u fficie n t in v a lu e t o d isch a rg e all o f th ese o b lig a tio n s
w ill b e d is p o s e d o f fo r th a t p u rp o s e w h e n th e c o n d itio n s o f th e in v e s tm e n t
M arket w a rra n t th e ir sale.
Statistics.— The operations, earnings, charges, &c., have
been as follows:
O P E R A T IO N S A N D F IS C A L R E S U L T S .
190 6-0 7.
1 90 5-0 6.
190 4-0 5.
1 903-04.
StUes o p e r a te d Ju n e 3 0 2,2 8 8
2,2 8 7
2,287
2,290
O pera tion s—
Passengers carried______ 4 6 ,1 2 6 ,9 9 2
4 4 ,5 9 7 ,4 0 5
4 1 ,8 7 4 ,8 1 0 4 0 ,2 5 7 ,3 0 1
P a ss, c a rrie d 1 m ile ____ 7 6 2 ,5 1 7 ,7 0 4 7 3 9 ,9 5 0 ,9 0 9 7 0 2 ,4 9 0 ,0 1 8
68 1 ,9 3 8 ,2 5 7
H a te p e r pa ss, p e r m ile .
1.753 c ts .
1.769 c ts .
1.755 c ts .
1.784 c ts .
F reigh t (ton s) c a r r i e d . . 2 3 .2 6 2 ,9 4 9
2 2 ,5 4 9 ,4 6 7
2 0 ,5 4 6 ,8 2 6 19,3 9 5 ,4 5 2
y r e ig h t (ton s) ca rr. 1 m .2 2 9 6 9 7 0 9 6 4
201 050003 5 1854130258 1728422684
R a te p er t o n p e r m i l e . .
1.082 c ts .
1.162 c ts .
1.152 c ts .
1.178 c ts .
G ross earnings p er m ile .
$18,281
$17 ,4 1 9
$16 ,082
$15,520
E a rn in g s—
$
$
$
$
jP » 3 s e n g e r ----------------------- 1 3 ,5 8 4 ,1 6 4
1 3 ,2 9 1 ,5 5 4
1 2 ,5 3 0 .4 7 2 1 2 ,3 3 8 ,1 8 2
F r e i g h t --------------------------- 2 5 ,3 6 7 ,9 3 8
2 3 ,8 4 7 ,5 8 0
2 1 ,8 0 8 ,0 7 0 20 ,7 8 8 ,7 7 9
E x p . a n d e x t. b a g g a g e -.
1 ,5 1 2 ,4 2 2
1 ,418,491
1 ,3 0 2 ,8 2 5
1 ,175,540
M a i l s ------------------------------526 ,9 0 9
5 25 ,343
4 58 ,319
457,551
S tea m ers, te le g ra p h , & c.
133 ,823
131 ,232
113,560
134 ,556
T o t a l __________________ 4 1 ,1 2 5 ,2 5 6
E x p e n s e s —•
Maintenance of w ay, &c. 4 ,9 0 5 ,2 2 7
M ain t. o f e q u ip m e n t ___
3 ,5 6 4 ,2 4 6
C o n d u c tin g t r a n s p o r t’n_ 2 0 ,8 3 0 ,9 5 9
G e n e r a l _________________
926 ,297
N ew e q u ip m e n t ____ . . .
7 4 1 ,6 6 9
3 9 ,2 1 4 ,2 0 2
3 6 ,2 1 3 ,2 4 6
3 4 ,8 9 4 ,6 0 8
5,3 8 3 ,3 0 2
3,3 3 9 ,0 1 3
1 8 ,6 6 5 ,0 3 0
8 89 ,596
1,0 7 6 ,4 2 7
4 ,5 0 1 ,3 7 8
3 ,3 9 6 ,3 8 0
1 7 ,1 1 7 ,3 0 7
7 9 6 ,8 9 4
8 07 ,782
3 ,8 2 8 ,7 0 2
3 ,2 9 5 ,8 3 2
1 6 ,9 7 5 ,5 6 5
820 ,8 1 9
35 0 ,9 8 9
T o t a l _________________ 3 0 ,9 6 8 ,3 9 7
P e r cen t e x p . t o ea rn s. .
(75.30)
N et e a rn in g s_______ _____ 1 0 ,1 5 6 ,8 5 9
R e n ts , in v e s tm e n ts , & e .
7 04 ,359
29 ,3 5 3 ,3 6 9
(74.85)
9 ,8 6 0 ,8 3 4
622 ,085
2 6 ,6 1 9 ,7 4 1
(73.50)
9 ,5 9 3 ,5 0 5
587 ,5 8 9
2 5 ,2 7 1 ,9 0 7
(72.42)
9,6 2 2 ,7 0 1
576 ,884
T o t a l .................. .............. 1 0 ,8 6 1 ,2 1 8
D ed uct—
I n t e r e s t __________________
1,4 4 5 ,5 1 2
5 ,1 1 2 ,8 9 0
R e n t a l s ................................
T a x e s ----------------------------1 ,6 7 4 ,8 3 5
S in k in g fu n d ____________
28,785
D iv id e n d o n p r e f . (6 % ) .
188,988
D iv id en d on c o m . ( 7 % ) .
1,7 8 4 ,3 4 4
I m p r o v e m e n t s __________
493 ,2 4 9
1 0 ,4 8 2 ,9 1 9
1 0 ,1 8 1 ,0 9 4
1 0 ,1 9 9 ,5 8 5
1 ,4 7 4 ,6 7 0
5 ,0 7 4 ,5 5 4
1 ,7 4 5 ,4 9 0
136,285
188,988
1 ,6 4 5 ,6 5 6
1 ,4 8 6 ,1 6 9
5 ,0 6 9 ,5 7 8
1 ,6 0 5 ,4 9 0
136,285
188,988
1,6 1 7 ,6 5 8
1 ,4 8 2 ,2 9 6
5 ,0 8 3 ,2 7 8
1 ,6 3 3 ,2 7 0
151,285
188 ,988
1 ,5 9 0 ,0 1 2
T o t a l --------------------------- 1 0 ,7 2 8 ,6 0 4
1 0 ,2 6 5 ,6 4 3
Surplus o v e r d iv id e n d s . 132 ,614
217 ,276
GENERAL BA LA N C E SH EET J
1907.
1906.
A s s e ts —
$
$
C o n s tru ctio n and e q u ip . 5 7 ,2 9 4 ,4 5 4 5 2 ,4 3 9 ,7 0 6
S to ck s & b d s . o th e r c o s . # 1 0 ,1 0 2 ,3 4 5
1 0 ,5 3 5 ,0 9 5
R e a l e s t a t e ______________
1 ,3 8 3 ,8 7 3
1 ,3 6 1 ,7 0 8
S tea m er, e le v a to r , & c . .
121,522
1 21 ,522
C a s h _______ _____________
2 ,7 0 5 ,0 2 3
2 ,9 6 4 ,2 1 6
B llis r e c e iv a b le __________
979 ,847
968,491
S in k in g fu n d s ....................
785 ,6 0 9
996 ,689
M aterials an d s u p p l i e s ..
4 ,9 5 3 ,5 4 3
4 ,2 9 2 ,7 5 7
$>ue b y a g en ts, c o s ., in
d iv id u a ls . & c __________
5 ,2 5 1 ,8 0 4
4 ,6 4 2 ,1 3 8
I m p ’t a c c ’t leased r o a d s .
1 ,3 9 2 ,1 7 4
1 ,2 9 3 ,4 3 5
E lim in a tio n g ra d e c r o s s .
599 ,152
2 02 ,818
207,801
157,886
M is c e lla n e o u s ___________
1 0 ,1 0 4 ,1 6 8
76 ,926
U N E 30.
1905.
$
5 0 ,5 8 8 ,4 1 2
10 ,7 4 6 ,7 8 0
i ,309,722
121,522
3,0 1 0 ,9 6 6
973,491
925 ,4 6 4
3 ,5 8 4 ,7 6 9
1 0 ,1 2 9 ,1 2 9
70 ,456
1904.
$
5 0 ,2 0 2 ,7 6 2
1 0 ,6 4 5 ,0 5 4
1 ,3 0 5 ,6 7 6
121 ,522
2 ,4 8 3 ,4 5 3
962 ,729
1 ,3 3 9 ,3 3 7
3 ,3 9 3 ,0 6 5
3 ,6 3 5 ,2 9 5
1,1 4 4 ,0 0 9
2 10 ,098
255 ,328
3 ,7 3 0 ,3 8 7
1 ,1 0 3 ,3 2 0
150,136
170,424
T o t a l a s s e t s -............... ..
L ia b ilities —
C a p ital s t o c k (see " R y .
& In d u s .” S e c t io n ) ___
B on d s (see “ R y . & I n d .”
S ection ) ______________
R e a l esta te m o r tg a g e ___
N otes p a y a b le ____ ______
P rem iu m o n B . & M .
s t o c k s o l d ____________
P re m . o n b o n d s s o l d ____
C urrent b ill3 ____________
U n p aid w a g e s ...................
A c c ’t b o n d s t o be issu ed
“To p a y B . & L .R R . b d s . .
D u e c o s ., in d iv ., & c ____
2>ivs. and in t. u n c la im e d
A c c r u e d in '-. & r e n t a l s ..
R e n t feaesd roa d s J u ly 1
B o n d in terest d u e J u ly 1
D iv . on c o m . s tk . J u ly 1
L ea se a c c ’t s .s u n d r y R R s .
I n ju n ' f u n d _______ ______
C on tin g en t f u n d ________
Susp ense a c c o u n t _______
S ta k in g f u n d ? ....................
A c c r u e d t a x e s ___________
P r o fit and lo s s ___________
7 6 ,5 0 5 ,8 5 5
7 5 ,6 0 7 ,8 6 3
3 1 ,0 2 2 ,1 6 6 2 7 ,7 8 7 ,8 7 1
2 7 ,7 8 7 ,8 7 1
2 6 ,9 8 7 ,8 7 1
3 0 ,4 8 6 ,5 0 0
3 0 ,7 1 0 ,7 4 4
594,800
3,4 5 0 ,0 0 0
3 0 ,8 0 8 ,7 4 4
5 94 ,800
600,000
3 1 ,4 0 5 ,0 0 8
5 94 ,800
1 ,700,000
2 ,8 3 7 ,2 1 9
2 ,8 3 7 ,2 1 9
2 ,2 7 2 ,2 1 9
1 ,4 4 4 ,5 9 8
662 ,4 7 7
1 ,0 0 6 ,9 4 4
1 ,7 8 8 ,9 2 9
576 ,9 3 6
1 ,3 9 6 ,6 2 4
7 0 9 ,9 3 2
5 00 ,000
1,4 3 7 ,7 2 2
2 0 ,9 2 5 '
7 1 1 ,9 4 4
1 ,1 8 2 ,7 2 7
264 ,9 5 6
4 1 1 ,4 1 5
1 ,8 2 3 ,0 7 9
1 50,000
1 41 ,937
8 6 2 ,2 1 4
9 25 ,464
5 84 ,834
2 ,4 9 4 ,1 4 1
1,269",709
21 ,917
7 20 ,001
1 ,1 8 2 ,2 8 6
2 68 ,7 8 9
397,411
1 ,8 2 3 ,0 7 9
1 50 ,000
65,010
828 .9 6 5
1 ,6 9 8 ,1 8 7
577 ,980
1 ,5 3 8 ,0 7 5
8 5 ,7 7 7 ,1 4 9
3 ,7 0 0 ,0 0 0
4 ,9 3 9 ,5 1 1
120,000
3 ,0 3 4 ,9 8 4
521 ,838
.............
2 32 ,095
1 ,8 0 7 ,1 9 0
16,787
7 24 ,994
1 ,2 0 9 ,3 3 7
261,871
4 6 5 ,4 4 5
1 ,8 2 3 ,0 7 9
150 ,000
5 4 3 ,2 0 6
____
7 8 5 ,6 0 9
4 95 ,010
3 ,4 3 7 ,5 2 8
T o t a l .............. ................. 8 5 ,7 7 7 ,1 4 9
7 9 ,9 7 6 ,4 6 2
1 ,4 6 0 ,6 2 6
21,409
7 18,641
1 ,2 0 6 ,6 7 5
2 74 ,060
4 11 ,415
1 ,8 2 3 ,0 7 9
150,000
4 1 0 ,5 9 2
8 0 1 ,2 2 8
9 96 ,689
6 15 ,804
2 ,5 9 1 ,5 9 1
7 9 ,9 7 6 ,4 6 2
7 6 ,5 0 5 ,8 5 5
7 5 ,6 0 7 ,8 6 3
x S to c k s and b o n d s o w n e d In clu de: .Stocks— 5 4 ,5 4 7 shares c o m m o n o f
F itch b u rg R R . . § 5 ,4 5 4 ,5 5 0 ; 2 5 ,160 shares o f M aine C en tral R R . , $ 2 ,5 1 6 ,OOO; 11,283 shares c o m . s t o c k o f B os. & M e. R R ., $ 1 ,2 9 3 ,6 6 8 ; 5,108 shares
s t o c k o f Y o r k H a r b o r & B e a ch R R . (par $ 5 0 ), $25 0 ,9 7 5 ; 250 shares s to c k
o f P o r tla n d U n ion R y . S ta tio n C o ., $ 2 5 ,0 0 0 ; 809 shares s t o c k o f S t. J oh n sb n r y & I.a k e C h a m p la in R R . (p a r $50>, $ 4,304; 400 shares s t o c k o f P orts
m o u th B rid g e, $ 4 ,0 0 0 :3 7 3 shares s t o c k o f M on treal & A t la n t ic R y . C o .,
$ 3 ,0 0 0 ; 102 shares s t o c k o f C o n co rd & C la re m o n t R R . , $ 4 ,1 4 0 : 11 shares
s t o c k o f P rop rietors W e lls R iv e r B rid g e . $ 1 ,0 9 0 ; t o t a l s t o c k s , $ 9 ,5 5 6 ,7 2 7 .
B o n d s — $ 4 3 2,00 0 b o n d s o f SC. J o h n a b u ry & L a k e C h a m p la in R R . , $43 2 ,0 0 0 ;
5108.000 b o n d s o f M on treal & A t la n t ic R y . C o ., $ 1 0 8 ,0 0 0 ; $ 5 ,450 b o n d s
o f W o o d s v ille A q u s d u c t C o .. $ 5 ,6 1 8 ; to ta l b o n d s, $ 5 4 5 ,6 1 9 .— V . 85, p .
•864 , 792.
Gulf & Ship Island RR.
(R port for Fiscal Year ending June 30 1907.)
President J. T. Jones, under date of Gulfport, Miss.,
Aug. 31, says in substance:
General R esu lts.— T h e co n tin u e d p r o s p e r ity a n d in d u stria l d e v e lo p m e n t
o f the G u lf c o a n a n d so u th e rn M ississip p i, are re fle cte d In th e Increase o f
$£47,171 in gross earn in g s.
T h e en tire c o u n t r y a lo n g th e ro a d Is pio<--
[V©L. LXXXV.
p e ro u s an d t: e p o p nation r a p id ly Increasin g.
E x c e p t fo r th e s h ortage
o f fre ig h t cars u c j .id o u r rails, w e b e lie v e th e gross earn in gs w o u ld h a v e
b e e n fu r th e r in crea sed be tw e e n $30 0 ,0 0 0 an d $ 4 0 0 ,0 0 0 . T h e n e w line
b e tw e e n S ilver C reek a n d C o lu m b ia (p la ce d in o p e r a tio n a b o u t th e close
o f th e last fiscal y ear) has la rg e ly c o n tr ib u te d t o th e Increased gross r e ce ip ts .
N ew saw -m ills cau sed an increase o f 26,925 to n s o f lu m b er h a n d le d ,
y e t th e p r o p o r t io n o f lu m b e r to n n a g e t o to ta l to n n a g e show s a decrea se
o f 2 .5 8 % .
T h is in d ica te s th e s te a d y g r o w th o f th e c o u n t r y , a n d th a t
d iv e rsifie d in terests w ill p r o v id e a re m u n e ra tiv e to n n a g e as th e tim b e r
la n d s are d e p le te d .
T h e co n s ta n t g r o w th in th e p r o d u c t io n o f c o t t o n fo r
t h e p a s t several years w as co n tin u e d and th e m o v e m e n t sh ow s an increase
o f 1 3 .2 9 % in th e n u m b e r o f bales h a n d le d .
P a ssen ger earn in gs r e c o rd an increase o f $ 1 6 8 ,1 9 5 , o r 4 7 .4 5 % , b u t .
b ecau se o f th e in te rru p te d s ervice in A u g u s t, S e p te m b e r a n d O c t o b e r o f
th e p r e v io u s y e a r , this increase is n o t n o rm a l.
In co m p a r is o n , h o w e v e r ,
w ith th e earnings fo r th e fiscal y e a r e n d e d Ju n e 30 190 5, w h ich w ere grea ter
th a n in a n y fo rm e r p e r io d , there is an Increase o f 40.81 % .
T h e H o te l H a ttie s b u r g w as c o m p le te d in D e ce m b e r last a t a c o s t o f
a b o u t $ 3 0 0 ,0 0 0 , an d w as leased t o th e G reat S o u th e rn H o te l C o .
Its
e r e c tio n has stim u la te d tr a v e l In th a t s e c tio n .
T h e G u lfp o r t & M ississippi C oa st T r a c tio n C o .’s line has been e x te n d e d
fro m G u lfp o r t w e stw a rd t o H a r b o r v ie w , a sh o rt d is ta n c e fro m P a ss Chris
tia n , m a k in g th e le n g th o f th a t line 25 m ile s. I t has p r o v e n a v a lu a b le c o n
tr ib u to r t o o u r passen ger tr a v e l.
T h e p la n t o f th e G u lfp o r t C re o so tin g C o ., n e a r G u lfp o r t , w as c o m p le te d
several m o n th s a g o , a n d th e co m m e rcia l o u tp u t a d d s la rg e ly t o c u r fre ig h t
re v e n u e . A rra n g e m e n ts h a ve be e n m a d e w ith th a t c o m p a n y t o c r e o s o te
a il b r id g e tim b e r s , p ilin g an d cross-ties th a t req u ire re n e w a l, a n d d u r in g
th e la tte r p a rt o f th e fiscal y e a r 1 1 ,077 o f th e cr e o s o te d ties w ere p la c e d in
tr a c k .
G u lfport H a r b o r .— U n d e r d a te o f Ju n e 11 1907 th is h a r b o r w as a c c e p t e d
b y th e G o v e rn m e n t as h a v in g b e e n c o m p le t e d . T h is m arks an era fo r
y o u r r o a d th a t is o f Inestim ab le v a lu e . A n a p p ro p r ia tio n t o c o v e r m a in
te n a n ce fo r th e n e x t tw o years w as m a d e b y th e last C on g ress, an d it is
e x p e c te d th a t fu r th e r a p p ro p r ia tio n s , w ith a v ie w o f se cu rin g grea ter d e p th
w ill be fo r th c o m in g .
T h e s h ip m e n ts o f lu m b e r , rosin a n d tu rp e n tin e t o
A m e r ic a n an d fo re ig n cities sh o w a c o n tin u e d Increase.
V essels Loaded with L u m b er (B . M . feet) at G ulfport.
N et
L u m b er
N o.
E stim a ted
Y ear— •
(F eet.)
V essels. Ton nage.
V a lu e.
1 9 0 1 -0 2 . . . _____ _________ . 21
13,0 4 4 ,2 3 7
10,567
$15 6,00 0
4 7 ,2 3 2 ,7 6 5
1 9 0 2 -0 3
_____ ____________ 56
55,409
846 .0 0 0
19 3 ,2 7 5 ,5 0 0
1 9 0 3 -0 4 __________ ____________ 198
243 ,845
2 ,6 4 5 ,0 0 0
1 9 0 4 - 0 5 . ________ ________ . . 2 7 3
2 2 5 ,9 9 0 ,7 5 0
279 ,337
3 ,3 5 9 ,0 0 0
1 9 0 5 - 0 6 . _ _____ ____________ 270
297,641
2 5 0 ,0 3 4 ,0 0 0
7,501 ,020
____ . . . ________ . . 2 7 8
1 9 0 6 -0 7
3 0 6 ,3 7 4 ,0 0 0
7 ,6 5 9 ,3 5 0
352 ,378
A d d itio n s and Im provem en ts Charged to C a pital A c c o u n t.— T h e c o s t o f
r o a d a n d e q u ip m e n t Increased d u rin g th e y e a r $ 9 2 0 ,1 0 4 , as fo llo w s :
R o a d w a y Im p ro v e m e n ts (ch ie fly n e w 7 5-lb a n d 65- lb . rela y rail p u t
In tr a c k , $ 66 ,901 ; c o m p le tio n H o te l H a ttie s b u rg an d passenger
sta tio n , $ 91 ,949 ; n ew fre ig h t an d passen ger d e p o t s , $ 38 ,699 ;
ne w s id in g s , $ 6 1 ,2 0 5 )_____________ .'________________________________ $29 6,90 3
G u lfp o r t h a r b o r _________________________________________________________ 104 ,192
N ew e q u ip m e n t: (4 lo c o m o t iv e s ), 500 (8 0 ,0 0 0 -lb .) c a p a city fla tc a r s ,
40 ba lla st ca rs, w re ck in g o u tfit, & c . ) _______________________________ 508 ,6 5 7
L ea sed rails__________!____________________________________________________
10,352
T h e p u rch a se o f th e 500 flat cars n ecessa ry In o rd e r t o h a n d le o u r bu sin ess,
to g e th e r w ith th e o th e r p r o p e r ty Item s, has cre a te d a te m p o r a r y floa tin g
d e b t , fo r th e retirem en t o f w h ich an issue o f a d d itio n a l ca p ita l m a y be
n ecessary.
O perating E x p e n s e s .— T h e Increase in th e o p e ra tin g ex p en ses this y e a r Is.
a cco u n te d fo r b y th e increase In to ta l to n n a g e h a n d le d , th e lim ited s u p p ly
o f av a ila b le la b or; th e h igh er p rices o f all k in ds a n d classes o f e m p lo y e d
la b o r; th e u n d e v e lo p e d line o f th e C olu m b ia d iv isio n , th e earn in gs fr c m
w h ich p e r tra in m ile ca n n o t re a so n a b ly be e x p e c te d to rea ch th e sta n d a rd
o f th e m ain line fo r a con sid e ra b le p e rio d ; a n d th e Increased co st o f all
classes o f m aterials an d su p p lies. A m p le ch arges fo r d e p re cia tla n reserves
on rails, tie s, b rid g e s, b u ild in g s, d o c k s a n d w h a rves a n d on a ll e q u ip m e n t
h a v e been m a d e .
T ran sp ortation R esu lts.— A lth o u g h th e n u m b e r o f re v e n u e to n s o f freig h t
ca rried on e m ile Increased 7 , 1 7 % , th e m ilea g e o f re v e n u e fre ig h t trains
in crea sed o n ly 1.69 % . T h e a v era g e n u m b e r o f rev en u e tori'-- o f freig h t i e •
tra in m ile in crea sed fro m 245 .02 to 2 5 8 .2 4 , o r 5 .4 0 % .
W h ile th e m ilea g e
o f reven u e pa ssen ger train s Increased 3 1 .1 5 % , th e n u m b e r o f passen gers
ca rried on e m ile in crea sed 5 0 .2 6 % .
T h e av era g e n u m b e r o f passen gers
p e r passen ger train m ile Increased fro m 40 to 4 5 , o r 1 2 .5 0 % .
O P E R A T IO N S A N D F IS C A L R E S U L T S .
190 5-0 6.
1 906 -07 .
1904-05.
284
275
A v e ra g e m iles o p e ra te d .
307
O perations—
6 69 ,732
4 40 ,169
P a ssen gers c a r r ie d ______
475,651
P assen gers carried 1 m ile 18 ,347,549
1 2 ,2 1 0 ,5 4 3
1 3 ,4 3 4 ,2 2 2
R a te p er pa ss, p e r m ile .
2 .849 c ts .
2 .9 0 3 cts.
2 .7 5 7 cts.
1 ,3 6 1 ,0 9 4
1 ,1 7 5 ,8 5 9
T o n s freig h t m o v e d ____
1 ,449,404
T o n s fg h t. m o v e d 1 m * _ 1 0 7 ,817,374 10 0 ,6 0 0 ,1 0 7
8 1 ,8 9 9 ,4 4 8
R a te p e r t o n p e r m i l e * . .
1 .697 cts.
1.650 c ts .
1.700 c ts .
A v .tr a in lo a d ,re v . ( t o n s ) .
258
245
226
E a rn , p e r pass, tra in m .
$1.37
$1.50
E a rn , p e r fre igh t tra in m
$4.04
$4.38
$3 .8 3
G ross ea rn , p e r m ile ____
$ 8 ,098
$7,523
$6,825
4 9 0 ,1 0 6
12 ,3 1 5 ,8 8 3
2 .8 9 8 c ts .
1 ,159.227
8 0 ,7 5 8 ,9 9 3
1.743 c ts .
242
$0 .8 7
$4.23
$7,011
* N o t in c lu d in g c o m p a n y ’ s fre ig h t.
E A R N I N G S , E X P E N S E S , C H A R G E S . &.C..
190 6-0 7.
190 5-0 6.
190 4-0 5.
E a rn in g s— •
$
$
$
P a s s e n g e r ________
3 7 0 ,4 7 3
354 ,4 7 6
522 ,670
F r e ig h t____________
1 ,3 9 1 ,9 8 4
1 ,8 3 0 ,1 0 9
1 ,6 5 9 ,9 9 6
M all, e x p r e s s , & c .
114 ,940
133,170
124,307
1 90 3-0 4.
$
356.941
1 ,4 0 7 ,7 7 7
65,098
51.10
190 3-0 4.
261
T o t a l ________________
E x p en se s —
T ra n sp o rta tio n ...............
M a in t. o f e q u ip m e n t ___
M a in t. o f w a y , & c ______
G e n e r a l __________________
T a x e s ___________________
!,4 8 5 ,9 4 9
2 ,1 3 8 ,7 7 8
1 ,8 7 7 ,3 9 7
1 ,8 2 9 ,8 1 5
887 ,857
342 .774
506 .7 7 4
107,598
38,955
71 5 ,4 1 6
2 42 ,289
35 3 ,9 6 0
105,761
39,685
6 7 0 ,5 9 7
2 4 4 ,5 8 9
347,301
98 ,880
3 5 ,8 7 3
6 1 7 ,4 5 0
224 ,8 2 0
277 ,6 6 3
7 9,7 5 4
2 9,5 4 8
T o t a l.................... .........
P e r c e n t e x p . t o e a r n s ..
N e t e a r n in g s ____________
O th e r I n c o m e ___________
1 ,8 8 3 ,9 5 8
(75.78)
601,991
24,564
1 ,457,111
(6 8 .1 2 )
681 ,667
25,392
1 ,3 9 7 .2 4 2
(7 4 .4 2 )
480 ,155
6,221
1 ,2 2 9 .2 3 5
(6 7 .1 8 )
600 ,5 8 0
11,801
T o t a l ........ .....................
D ed u ct—
I n t e r e s t --------------------------D iv id e n d s ________________
S in k in g f u n d ------------------M is c e lla n e o u s ....................
626 ,555
7 07 ,059
486 ,376
612,381
259,243
(4 )2 4 0 ,0 0 0
4 9 ,8 4 0
256,538
(4 )2 4 0 ,0 0 0
49,2 4 6
257 .596
(4 )2 2 0 ,0 0 0
4 9 ,3 3 0
243 ,982
(4 )2 0 0 ,0 0 0
2 5 ,0 0 0
1 0 ,0 8 6
T o t a l ...................... ..
5 49 ,083
5 4 5 ,7 8 4
526 ,9 2 6
S u r p l u s __________________
77,4 7 2
161 ,275
d e f.4 0 ,5 5 0
CO N DENSED B A L A N C E SH EET J U N E 30.
1907.
1906.
|
1907.
Assets—
S
S
i Liabilities—
$
R oad and equ ip 't. 14,784,278 13,864,174 Capital s tock ......... (),000,000
215,877
155,401! Funded d e b t_____ 5,000,000
Materials & s u p p ..
C a sh _____________
7,433
59,301 j Securities due for
46,125
Cash in transit____
46,5701 construction . . . 2,240,000
126,100
Cash, flnan. agents
126,579|Car trust notes
335,210
200,869
Bills receivable___
400,869)Unpaid p a y -ro lls..
07.289
37,823
Agts. & conductors
26,601 i Interest on bon d s.
126,100
110,893
A ccts. receiva ble..
105,3581 Vouchers & accts.
336.846
13,767
Unexpired in s u r..
12.0051Bills payable_____
120.000
Sinking fund .........
156,830
100,4501 Accrued taxes____
15,500
Unearned Interest
IUnpaid dividends.
1.000
25,851
on car tr. notes.
4821Sinking fund_____
181,751
12,498
M iscellaneous____
2 0,0701Res. for est. llabil.
103,563
I Maintenance res’ve
655,226
iSurplus...................
511,013
14,847
IMiscellaneous . .
Total assets------15,738,344 14,917,8591
— V . 85, p. 793.
4 7 9 ,0 6 8
133,313
1906.
$
6,000,000
5,000,000
2,240,000
34,385
88,057
126.579
227,507
15.000
60.000
125,450
105,304
457,976
427,634
9,967
Total liabilities. 15,738,344 14,917,859
THE CHRONICLE.
O ct. 5 1907. J
C O N S O L I D A T E D G E N E R A L B A L A N C E S H E E T J U N E 30 1 90 7.
Northwestern Pacific RR. (California).
(Report for Fiscal Year ending June 30 1907.)
President A. H. Payson, under date of San Francisco,
July 31 1907, says Tn substance:
O rga n iza tion .— T h e c o m p a n y w as in c o rp o ra te d J a n . 8 1907 a n d fo rm e d
b y a c q u ir e m e n t a n d c o n s o lid a tio n o f the fo llo w in g c o m p a n ie s (possession
b e in g taken as o f D e c. 31 1 9 0 6 ): N o rth w e ste rn P a cific R y . C o ., t u r e k a &
K la m a th R iv e r R R . C o ., N o rth Shore R R . C o ., S an F r a n cis c o & N o rth
P a cific R y . C o ., C a lifo rn ia N o rth w e ste rn R y . C o ., F o r t B ra g g & S o u t h
e a s te r n R R . C o. a n d San F r a n cis c o & N o rth w e ste rn R y . C o . T h e o p e ra te d
m ilea g e a ggrega tes 372 m iles, as fo llo w s : W estern D iv is io n , 295 m iles, in
c lu d in g San F ra n cis c o & N o rth P a cific a n d C a liforn ia & N o rth w e ste rn (205
m iles) a n d S h ore D iv isio n (N o rth S h o re , 90 H m ile s ); a n d N orthern D iv is io n ,
77 m iles, in c lu d in g San F r a n . & N o rth w e ste rn R y . C o . (53 .6 2 m iles) a n d
F o r t B r a g g & S ou th ea ste rn R y . C o . (23.85 m ile s ). In a d d it io n , the E u rek a
& K la m a th (26 m iles) is o w n e d b u t o p e r a te d b y O re g o n & E u rek a R R . C o.
u n d er lease.
C apital S tock .— T h e ca p ita l s t o c k , $ 3 5 ,0 0 0 ,0 0 0 , has be e n s u b s crib e d fo r
a n d Issued as fo llo w s: A tc h is o n T o p e k a & S an ta F e R y . C o ., 174 ,995 shares;
S o u th e r n P a cific C o ., 174,995 shares; d ir e cto r s , 10 shares.
F u n d ed D eb t.— A u th o r it y has been g iv e n fo r a “ first a n d r e fu n d in g m o r t
g a g e ” o f $ 3 5 ,0 0 0 ,0 0 0 , d u e M arch 1 1957, t o p a y in d e b te d n e s s in cu rre d in
p u rc h a s in g the lin es o f railro a d a n d o th e r p r o p e r t y , t o d isch arg e lien s n o w
e x is tin g u p o n p o r tio n s o f the s a m e , a n d to im p ro v e a n d m ore fu lly e q u ip
sa id lin es, a n d to c o n s tr u c t e x te n s io n s an d b ra n ch lines an d pu rch ase a d d i
tio n a l ra ilroa d s.
O f this $ 3 5 ,0 0 0 ,0 0 0 a first issue o f $ 1 0 ,0 0 0 ,0 0 0 has been
m a d e , a n d a p a r t o f the p r o c e e d s th e re o f a p p lie d to p a y in g In d ebted n ess;
th e re m a in in g p o r t io n o f this issue rem ain s in the treasu ry (V . 85, p . 2 2 2 ).
-4sseis—
$
P r o p e r tie s , se cu ritie s, fr a n
ch ise s, & c _______________ 4 7 ,3 0 9 ,2 5 7
E x p . fo r c o n s t r u c tio n , & c .
63,221
C a s h ________________________
9 7 ,227
R e m itta n c e s in tr a n s it___
37,9 0 2
A g e n ts a n d c o n d u c t o r s ___
7,5 2 9
In d iv id u a ls & c o m p a n ie s .
77,375
XT. S. G o v e r n m e n t ________
8,367
M aterial, fu e l & o t h . su p p lie s 188,461
N o te s r e c e iv . (S o . P a c .C o .)
4 0 0 ,0 0 0
M iscella n eou s ____________
9,258
In su ra n ce p re m iu m s p a id _
16,1 5 9
C e rtifica tio n o f b o n d s ____
5,0 0 0
D is c o u n t on b o n d s ________
2 5 4 ,7 0 0
S to ck s o f in a c tiv e c o s . (in
h a n d s o f trustee)
. • . . . 2 ,5 0 0 ,0 0 0
San F ra n . & N . W R y C o .—
C o n s tr u c t io n , cas , sup
p lie s, & c ______________
59,6 8 8
N . W . P a c . R R . C o .,
loa n a c c o u n t __________ £ 7 5 ,0 0 0
F t . B ra g g & S. l . R R C o .—
C o n s tru e ., ca sl , & c ____
3 9 ,7 7 6
P r o fit & loss d e iic it (ad
v a n c e s , & c . ) __________9 9 17,942
E u rek a & K la m e th R R _ _ .
64,2 9 9
I N C O M E F R O M J A N . 1 1907 TO J U N E 30 190 7.
G ross e a r n in g s ________ ____ $ l,3 1 1 ,7 8 0 i
D ed u ction s—
O th er I n c o m e . . . ____ 1 ____
31,375 j In te re st o n b o n d s . . 1 _______ $15 3,69 4
------------------[ In te re st o n n o t e s _____________ 104 ,249
T o t a l in c o m e ___________ $ 1 ,3 4 3 ,1 5 5 [S in k in g fu n d _________________
14,938
O p e r a tin g e x p e n s e s ............. $987,4711 B o h e m ia B rid g e , w ash ed o u t 19,000
4 6 ,788 S ettlem en ts o f su its __________
4 ,0 0 0
T a x e s ........................... ............
N e t e a r n in g s _______ j ____
$308,896|
T o t a l d e d u c t io n s ---------------$295,881
S u rplu s a fte r d e d u c tin g fix ed c h a r g e s --------------------------------------------------- $13,015
R e n ta l e a rn in g s, tra ck s a n d te rm in a ls _______________________________ 107,549
In te r e s t on n o te s c o ll e c t ib le . ----------------------------- -----------------------------------1,900
T o ta l su rp lu s_________________________________________________________ $122,464
T h e gross receip ts fo r the y e a r e n d in g Ju n e 30 1907 o n the W e ste rn a n d
S h ore d iv isio n s w ere $ 2 ,6 7 7 ,7 6 7 , as a ga in st $ 2 ,3 4 9 ,4 8 7 for the p r e c e d in g
12 m o n th s .
T h is c o m p a riso n is to som e e x te n t m islea d in g as a resu lt o f
the a b n o rm a l loss o f bu sin ess a fte r the disaster o f A p ril 18 1906. T h e gross
re ce ip ts, h o w e v e r, fo r the n o rm a l y ea r e n d in g Ju n e 30 1905 w ere b u t $ 2 ,2 6 3 ,0 9 8 , s o th a t It m a y be cla im e d th a t the busin ess o f this p a r t o f the p r o p
e r ty is ra p id ly In creasin g.
T h e sam e is true o f the N orth ern D iv ision (San F ia n c is c o & N orth w estern )
w h ose gross receip ts Increased fro m $ 2 7 1,15 9 in the fiscal y ea r e n d in g Jun e
30 1906 to $33 4,27 4 in th a t e n d in g Jun e 30 1907.
R ollin g Stock..— Th e rollin g s to ck has b e co m e e n tire ly In a d eq u a te fo r the
r a p id ly in crea sin g tra ffic.
T o m eet this c o n d itio n the fo llo w in g pu rch ases
h a ve been a u th o riz e d ; 11 lo c o m o tiv e s , 34 p a ssen ger co a ch e s , 4 m o to r
co a ch e s , 2 b a gg a ge cars, 2 c o m b in a tio n cars, 325 flat ca rs. 250 b o x cars,
2 c a b o o s e s . 6 oil ta n k ca rs, 1 steam cra n e , 1 p o rta b le o il ta n k .
Im p rovem en ts.— T ra ck co n d itio n s o n the W estern D iv ision m ak e Im p or
ta n t e x p e n d itu re s im p e ra tiv e . T h e fo llo w in g w o rk has been au th orized
fo r the n e x t tw o y ea rs: R e la y in g m ain line w ith 7 5 -lb . steel a n d b a lla stin g
w id e n in g cu ts a n d fills, S an ta R o s a to U k ia h , 57 m iles: b a lla stin g a n d
w id e n in g cu ts a n d fills betw een T ib u ro n a n d S a n ta R o s a a n d U k ia h to W illlts, 75 m iles; re p la ce m e n t o f 17 m iles on b ra n ch es b y steel taken fro m the
m a in lin e . T o t a l estim a ted c o s t o f a b o v e w o rk , $75 0 ,0 0 0 .
O n the S h ore D iv ision n o rail re p la ce m e n t is p r o p o s e d fo r the p resen t, b u t
a g o o d d ea l o f w o rk has to be d o n e In ren ew al a n d s tre n g th e n in g o f bridges
a n d fillin g o f tie stie s.
N o Im p o rta n t e x p e n d itu re s fo r b e tte rm e n t o f the
p e r m a n e n t w a y are p ro p o s e d d u rin g the c o m in g y e a r fo r the N orth ern
D iv is io n , b etw een E u rek a a n d S h iv e ly , b u t this d iv ision is far fro m s ta n d
a r d , a n d b e fo re b e c o m in g p a rt o f a th rou gh lin e to San F ra n cisco w ill n e e d
h e a v ie r steel an d e x te n siv e stren gth en lu g o f brid ges a n d cu rverts
T h e p h y sica l c o n d itio n o f the F o rt B ra g g & S ou th ea stern is b a d , b u t n o
Im p o r ta n t w ork is p ro p o se d u p o n it for the co m in g y ea r.
E x ten sio n s— C on necting L in k .— A p ro p e r retu rn o f the In v estm en t m ade
In th e p ro p e rtie s co n s o lid a te d ca n o n ly be h o p e d fo r in the c o n n e c tio n o f
the N orth ern a n d W estern d iv ision s In a th rou gh lin e b etw een the H u m
b o ld t B a y te rrito ry a n d San F ra n cisco . T h e lin k n ecessary will be e x p e n
sive to b u ild a n d m a in ta in , b u t u n d e r n o rm a l fin a n cia l c o n d itio n s It Is b e
lie v e d th a t the e x p en se w o u ld be ju stified b y the retu rn s.
T h e F oi t B ra g g & S ou th ea stern sh ou ld also be co n n e c te d w ith the m ain
iin e a t H ea ld sb u rg .
N ew co n s tr u c tio n to these en d s has been au th orized fo r the c o m in g y e a r
as fo llo w s : (1) F ro m the p resen t sou th ern term ln u s o f the N orth ern D iv ision
so u th e rly to the fork s o f the Eel R iv e r , a b o u t 7 V, m iles; also piers a n d a b u t
m en ts fo r brid g e o v e r the Eel R iv e r a t the F ork s: (2) g ra d in g three m iles
n o rth fro m W llllts; (3) co n s tr u c tio n o f 10 m iles w est from H e a ld sb u rg o n
the lin e to M e n d o cin o C o u n ty . T h e m ost Im p o rta n t o f this w ork has been
d e la y e d b y r ig h t-o f-w a y d ifficu ltie s a lo n g Eel R iv e r , a n d It is d o u b tfu l
w h eth er a n y th in g o f im p o rta n ce ca n be a cco m p lish e d this season in the w a y
o f a ctu a l co n s tr u c tio n .
C O N S O L ID A T E D IN C O M E A C C O U N T — J U L Y
190 7.
R eceipts—
Total.
P a ssen ger e a r n in g s ______$ 1 ,4 9 6 ,8 0 7
M a i l ____ _______ _________
3 7 ,128
E x p r e s s . . . ....................
72,5 9 6
F r e i g h t _______ __________
1 ,2 8 9 ,3 0 2
O th er ...................................
5 9 ,5 9 9
T o t a l gross e a r n in g s - . $ 2 ,9 5 5 ,4 3 2
M a in t. w a y & stru ctu re s
$ 5 3 2,26 6
M a ln t. o f e q u i p m e n t - ..
267 .7 9 5
C o n d u c t ’ g tr a n s p o r ta ’n .
9 40 ,130
G en era l e x p e n s e s ----------134 ,004
1 1906 TO J U N E 30
Sh ore and
S . F .& N .W . F t . Bragg &
W est. D ir s .
R y. C o.
S. E . RR.
$ 1 ,3 8 8 ,0 1 8 $ 1 0 8,79 0
___________
33,067
4,061
_______
69,671
2,9 2 5
_______
1 ,0 9 8 ,1 4 3
164 ,538
$ 2 6 ,6 2 0
. 4 9 ,6 6 2
9,9 3 8
_______
$ 2 ,638,561
$43 9 ,4 6 0
2 5 1 ,9 2 8
8 63 ,294
118 ,146
$29 0,25 2
$66 ,177
11,658
72,871
15,512
$26 ,620
$26 ,630
4 ,2 0 8
12,964
346
T o t a l o p e r . e x p e n s e s . $ 1 ,8 8 3 ,1 9 5
$ 1 ,6 7 2 ,8 2 8
$16 6 ,2 1 8
$44 ,1 4 9
N et e a r n in g s ....................... $ 1 ,0 7 2 ,2 3 7
$96 5,73 3 $12 4,03 3 d e f.$ 1 7 ,5 2 9
D ed u ction s—
T a x e s ........ ..........................
In te r e st o n b o n d s ----------I n t . on n o t e s p a y a b le ___
S in k , fu n d (C N .R y .a n d
S. F . & N . P . R y . ) - - R e n ta l a c c ’ t S. F . &
N a p a R y _____________
Ite m s In su sp en se(S h ore
D iv isio n ).........................
B o h e m ia B ’ ge, d e s tr o y e d
T o t a l d e d u c t io n s ____
S u rp lu s, a fte r d e d u c t in g
fix e d c h a r g e s.......... ..
R e n ta l ea r n s, o f tracks
a n d te r m in a ls ________
I n t . o n n o te s c o lle c t ib le -
$
$
$
$
9 2 ,8 8 0
7 8 ,8 0 0
12,613
1,468
371 ,467
3 5 3 ,5 8 2 17,884
______________
105 ,248 105 ,249
_____________
_______
2 9 ,9 0 0 29,900-
..........................
.............
6,0 3 5 6 ,0 3 5
______________
_______
4 ,0 0 0 4 ,0 0 0
1 9 ,000 1 9 ,000
..........................
______________
.............
_______
6 2 8 ,5 3 0
5 9 6 ,5 6 6
3 0 ,497
1,468
4 4 3 ,7 0 7
369 ,1 6 7
93,5 3 6
d e f.1 8 ,9 9 6
* 1 5 6 ,1 9 7
1,9 0 0
3 7 ,3 0 6
1,9 0 0
4 4 ,0 2 2
_______
10,569
_______
d e f.8 ,4 2 6
T o t a l s u r p lu s -.
P ro fit an d loss surplus
J u n e 30 19 0 6 ..................
* 6 0 1 ,8 0 4
408 ,373
137 .558
2 1 6 ,5 8 9
2 6 0 ,9 9 4
d e f.3 4 ,8 8 9
d e f.9 ,5 1 6
B a la n c e , s u r p lu s .............
* 8 1 8 ,3 9 3
6 6 9 ,3 6 7
102 ,6 6 8
d e f.1 7 ,9 4 2
x
In c lu d e s E u rek a & K la m a th R iv e r R R . , $64 ,3 0 0 .
861
T o ta l a s s e t s ____________ 5 1 ,2 3 1 ,1 6 2
- V . 8 5 , p . 222 , 41.
L ia b ilities—
$
C a p ita l s t o c k ______________3 5 ,0 0 0 ,0 0 0
C ai. & N . W . R y . 1st 5s
9 8 1 ,0 0 0
S . F . & N . P . R y . 1st 5s 3 ,8 5 8 ,0 0 0
N o r. P a c . C o a st R R . 5s 1 ,4 9 8 ,0 0 0
h e l R i v . & E u re k a R R . 5s
3 1 3 ,0 0 0
N . W . P a c . R R . “ first &
r e f .” 4
% b o n d s ______5 ,0 9 4 ,0 0 0
V o u ch e rs & p a y -r o lls ____
3 4 1 ,9 0 5
C o u p o n s n o t p r e s e n te d ___
300
1,281
H o s p ita l fu n d ______________
88 ,6 7 3
B o n d in te re s t______________
S in k in g fu n d u n in v e ste d . _
1,2 2 6
7 5 ,0 0 0
A d v . a c c ’ ts S. F . & N . W .
R e n ta l o f E u rek a & K la
5 1 ,0 7 0
m a th R R ________________
2 2 ,3 1 4
A c c r u e d t a x e s ______________
5 ,8 2 7
P r o p e r t y b u r n e d __________
4 4 ,2 6 0
R o llin g s to c k r e p la c e m ’ t f ’d
S in k . f d . in v e ste d (a p p lied
4 5 8 ,6 1 5
t o retire b o n d s ) ________
S e cu ritie s, in a c t iv e , h e ld
b y tru s te e s ______________ 2 ,5 0 0 ,0 0 0
P r o fit & loss (C al. N . W .
R y ., S. F . & N . P . R y .
a n d N o rth S h ore R R .
6 6 9 ,3 6 7
o n l y ) ____________________
S an F r a n . & N . W . R y .'—
V o u ch e rs , u n a d ju s te d
24 ,4 3 2
a c c o u n t s , & c __________
P r o fit & loss s u r p lu s ______
102,668
F t . B ra g g & S . E . R R . —
1 7 ,7 2 6
V o u ch e rs & p a y -c h e c k s
1 8 ,197
N .W . P . R R . lo a n a c c ’ t .
E u re k a & K la m a th R iv e r
6 4 ,2 9 9
R R . C o . r e n ta l__________
T o ta l lia b ilitie s .................. 5 1 ,2 3 1 ,1$2
St. Louis Southwestern Railway.
(Report for Fiscal Year ending June 30 1907.)
President Edwin Gould, under date of New York, Sept. 16
1907, says in substance:
G en eral R esu lts.— It is g r a tify in g t o n o t e th a t , f o r th e fiscal y e a r u n d e r
re v ie w , th e gross earnings o f y o u r c o m p a n y e x c e e d e d th e te n m illio n m a rk
fo r th e first tim e in Its h is to ry — th e a c tu a l g ross earnings b e in g $ 1 0 ,5 5 3 ,1 3 5 ,
an in crea se o f 1 7 .3 9 % o v e y th e p r e c e d in g y e a r .
T h e o p e r a tin g ex p en ses
w e re 68 .1 9 % o f th e gross ea rn in g s, as c o m p a r e d w ith 7 4 .5 2 % f o r th e p r e
c e d in g y e a r .
T h e n e t earnings w e re $ 3 ,3 5 7 ,0 3 2 , a n in crea se o f 4 6 .5 9 % .
T h e se e x c e lle n t results m a y b e a ttr ib u te d t o th e h e a lth y c r o p an d bu sin ess
c o n d it io n s e x is tin g in th e S o u th w e s t d u r in g th e p a s t y e a r , c r e a tin g an u n
p r e c e d e n te d t r a ffic m o v e m e n t , an d also t o th e p o lic y o f s te a d ily im p r o v in g
th e p r o p e r t y , w ith r e s p e c t t o b o t h th e r o a d w a y a n d e q u ip m e n t , t h e r e b y
m a k in g it p o s s ib le t o o p e r a te th e sam e m o r e e ffic ie n tly an d e c o n o m ic a lly .
T h e fu n d e d d e b t w as in crea sed d u r in g th e y e a r b y th e su m o f $ 2 ,5 4 3 ,0 0 0 ,
an d is a c c o u n t e d fo r b y th e issu an ce o f b o n d s as fo llo w s :
F irs t c o n s o lid a te d m o r tg a g e b o n d s —
T o a c q u ir e th e E a ste rn T e x a s R R . C o . (3 0 .3 m ile s )----------------------- $6 0 6,00 0
T o re im b u rse tre a su ry fo r a d d itio n s an d b e tte r m e n ts t o th e
p r o p e r t y (th ese b o n d s are s till h e ld in t r e a s u r y )----------------------- 1 ,8 7 3 ,0 0 0
S h r e v e p o rt B r id g e & T e rm in a l C o . 1st M . b o n d s , g u a ra n te e d b y
S t. L . S. W . R y . C o ., fo r c o n s t r u c tio n o f steel b r id g e acro ss R e d
R iv e r a t S h r e v e p o rt, L a ____________________________________________
64,0 0 0
E q u ip m e n t tru s t o b lig a tio n s o u ts ta n d in g in th e h an d s o f th e p u b lic a t
th e c lo s e o f th e fiscal y e a r a m o u n te d t o $ 4 6 9 ,4 9 5 , an in cre a se o f $ 2 7 6 ,4 9 5 ,
a c c o u n t e d fo r b y th e issu a n ce , d u r in g th e c u r r e n t fiscal y e a r , o f e q u ip m e n t
tru s t n o te s o f th a t a m o u n t, t o p u rch a se 20 n ew lo c o m o t iv e s .
A l l o f th e
o u ts ta n d in g e q u ip m e n t o b lig a tio n s m a y , a t th e o p t io n o f th e c o m p a n y , b e
a c q u ir e d a n d fu n d e d a t a n y tim e , Ir re s p e ctiv e o f th e ir d a te s o f m a t u r ity .
Vice-President and General Manager F. H. Britton says
in part:
A d verse S ta teL egisla tion .— D u rin g th e p a s t y e a r th e L e g isla tu re s o f A r k a n
sas, M issouri and Illin o is e n a cte d 2 -c e n t p assen ger fa re la w s , w h ic h w e n t
in to e ffe c t o n A p ril 10, Ju n e 19 an d J u ly 1 1907, r e s p e c tiv e ly . W 'h ile th ese
la w s a p p ly o n l y t o in tra -S ta te b u sin ess, th e e ffe c t o f th e sa m e has b e e n t o
c o m p e l th e r a ilw a y c o m p a n ie s t o r e d u c e th e ir in te r-S ta te p assen ger rates as
w e ll.
U p t o th e tim e th e first o f th ese law s b e c a m e e ffe c tiv e , th e in crea se
In th e v o lu m e o f pa sse n ge r t r a ffic an d th e reven u es d e r iv e d th e r e fr o m , In
th e S tates n a m e d , w as a b o u t 15 % o v e r th e c o r re s p o n d in g p e r io d o f th e p r e
c e d in g y e a r .
S in ce th e se la w s b e c a m e e ffe c tiv e , th e p a ssen ger rev en u es
o f th e c o m p a n y , in th e te r rito r y a ffe c te d t h e r e b y , h a v e sh o w n a d e c r e a s e ,
co m p a r e d w it h th e p r e c e d in g y e a r . W h ile it is h o p e d t h a t t r a ffic w ill c o n
tin u e t o Increase, t h e p assen ger b u sin ess, a lw a y s m o r e o r less u n p r o fita b le in
th e S o u th w e s t, o n a c c o u n t o f th e s p a rse ly s e ttle d c o n d it io n o f th e c o u n t r y ,
w ill co n tin u e t o b e so f o r s o m e t im e t o c o m e , u n less s o m e r e li e f fr o m th ese
co n fis c a t o r y rates c a n b e o b t a in e d . W ith th is o b je c t in v ie w , th e M issou ri
la w Is n o w b e in g te ste d in th e F e d e ra l co u r ts o n c o n s titu tio n a l g r o u n d s .
In a d d itio n t o th e re d u c tio n o f pa sse n g e r fa re s, th e r a ilro a d c o m p a n ie s
h a v e e n c o u n te r e d , d u rin g th e p a s t y e a r , a g reat d e a l o f a d v e r s e le g is la tio n ,
su ch as req u irin g th e in a u g u ra tio n o f a d d itio n a l tra in s e r v ic e , e r e c tio n o f
a d d itio n a l s ta tio n b u ild in g s and v ia d u c ts w h ere n o t n e e d e d , th e e q u ip p in g
e>f lo c o m o t iv e s w ith e h c t r ie h e a d lig h ts , n o t t o m e n tio n th e m a n y r e d u c tio n s
in fre ig h t rates and th e harassm en ts e n c o u n te r e d th r o u g h ord e rs fr o m th e
s e v e ra l S ta te R a ilr o a d co m m is s io n s .
A n u m b e r o f th ese A c t s a n d ord ers
h a v e been appeal< d t o th e co u r ts fo r a d ju d ic a t io n .
A d d itio n s and B etterm ents.— T h e e x p e n d itu re s fo r a d d itio n s a n d b e t t e r
m en ts t o e x is tin g lin es, fo r w h ic h th e c o m p a n y ’s tre a su ry w as reim b u rs ed
d u r in g th e fiscal y e a r b y th e issu an ce o f first c o n s o l, m o r tg a g e b o n d s ,
a m o u n te d t o $ 1 ,4 1 9 ,8 5 1 .
In a d d itio n th e re has been a d v a n c e d fro m th e
tr e a s u r y , fo r a d d itio n s an d b e tte r m e n ts , $ 3 2 1,11 3 fo r w h ic h n o b o n d s h a v e
as y e t b e e n issued.
T h e e n larged s h o p fa cilitie s a t P in e B lu ff, A r k ., c o m p le t e d d u r in g th e
y e a r , co n s ist o f a m o d e rn c a r s h o p b u ild in g o f steel an d c o n c r e te c o n s t r u c
tio n , an d a new p o w e r -h o u se , g e n e ra tin g e le c t r ic it y fo r o p e r a tin g th e m a
c h in e r y and fo r lig h tin g p u rp o s e s .
W ith th ese a d d it io n a l fa c ilit ie s , t h e
c o m p a n y Is in a p o s itio n t o ta k e ca re o f a ll re p a ir w o r k a n d r e p la c e m e n t o f
d e s t r o y e d ca rs, an d a ls o t o c o n s tr u c t n ew cars fro m tim e t o tim e .
D u rin g th e y e a r 5 6 -lb . steel rail w as r e p la ce d w ith n e w s ta n d a rd 7 5 -lb .
steel rail as fo llo w s : S h re v e p o rt b r a n c h , 60.5 5 tr a c k m iles; m a in lin e , 54.80
tra ck m iles; to ta l o f 115.35 tra ck m iles. T h e w o rk o f b a lla s tin g has g o n e
s te a d ily fo rw a r d , w o rk o n th e lin e b e tw e e n M t. P le a sa n t a n d F t . W o r t h ,
T e x ., a d is ta n c e o f 15 4 .3 m ill’ s , b e in g In p rogress a t th is t im e . T h e n ew
steel brid g e o v e r th e B ra zos R iv e r a t W a c o , T e x ., w as c o m p le t e d , a n d th e
r e b u ild in g an d s tre n g th e n in g o f o th e r steel bridges has been v ig o r o u s ly
pushed .
A n u m b e r o f w o o d e n trestles h a v e be e n r e p la ce d b y s teel gird ers.
N ew B rid g e.— O n M arch 25 1907 th e n e w steel railro a d b r id g e o f th e
S h r e v e p o rt B rid g e & T e rm in a l C o ., a cross th e R e d R iv e r a t S h r e v e p o r t,
L a . (in w h ic h th is c o m p a n y ow n s a c o n t r o llin g in t e r e s t ), w as o p e n e d fo r
o p e r a tio n , e n a b lin g th e c o m p a n y t o re a ch S h r e v e p o rt o v e r its o w n rails
a n d t o d is c o n tin u e th e use o f th e b r id g e o w n e d b y th e V ic k s b u r g S h r e v e p o rt
& P a cific R y . C o.
U nion D e p o t.— A rra n g e m e n ts h a v e b e e n m a d e w ith n in e o th e r lines e n
t e rin g M e m p h is, T e n n ., t o c o n s t r u c t an d o p e r a te a jo in t u n io n sta tio n at
t h a t p o in t , an d fo r this p u r p o s e th e M em phis R a ilr o a d T e r m in a l C o . has
b e e n o r g a n iz e d , in w h ic h this c o m p a n y has a o n e -te n th in te re st.
M a in ten a n c e o f W a y and S tru ctu res.— T h e to t a l ch arges t o m a in te n a n ce
o f w a y and s tru ctu re s (e x c lu s iv e o f a d d itio n s an d b e tte rm e n ts ) a m o u n te d
t o $ 1 ,7 1 3 ,6 5 3 , an Increase o f3 .8 2 % o v e r th e p r e c e d in g y e a r. T h is p r o d u c e s
an a v e ra g e e x p e n d itu r e o f $1,308 p e r m ile o f m ain tr a c k , as c o m p a r e d w ith
$1,257 fo r th e p r e c e d in g y e a r .
T h e c o n d it io n o f r o a d w a y , tr a c k , brid g es
a n d b u ild in g s has be e n s u b s ta n tia lly i m p r o v e d .
^
C h aracter o f S teel R a il in M a i n Track. J u n e 30.
M il e s —
9,5-lb.
7 5 -lb .
7 0 -lb . 60-lb .
56-lb.
3 5 -lb .
Total
1907 - ............... ..
8 .9 5
8 2 3 .8 3
30.67
6 .1 5
4 0 6 .9 6
33.5 5
1 ,310.11
1906
8 .9 5
7 0 8 .4 8
30 .6 7
6.15
519 .21
3 3 .9 4
1 .3 0 7 .4 0
1905
. » _____ 8 .9 5
617 .04
S'\67
6.1 5
6 10 .65
33.9 4
1 ,3 0 7 .4 0
1904 . . . 1 ................ 8 .9 5
615 ,4 7
3 0 .6 7
6.1 5
6 0 5 .3 9
36.30
1 ,3 0 2 .9 3
THE CHRONICLE.
862
B a lla st and B rid g es in M a i n T rack J u n e 30.
M il e s — ■
R ock .
G ravel. C in d ’r s .N a t.S o il. B 'rges. T restles. Total.
1907
.................- .1 5 3 .3 2
6 34 .94
7 0 .8 9
4 0 1 .5 3
1.37
4 8 .0 6
1 ,3 1 0 .1 0
1906
146 .78
6 10 .08
7 2 .3 2
428 .91
1.30
48.0 1
1 ,307.41
1905
1 21 .75
6 39 .04
68.0 2 4 2 9 .2 7
1.25 4 8 .0 7
1 ,3 0 7 .4 0
1904 ____________ 111 .32
5 9 2 .7 2
60.68
4 8 8 .9 8
1.20 4 8 .0 3
1 ,3 0 2 .9 3
C o n clu s io n .— T h e a g r icu ltu ra l an d in d u stria l d e v e lo p m e n t o f th e te rri
t o r y s e r v e d has been v e r y s a tis fa c to r y d u r in g th e y e a r , and th ere has b e e n a
c o n t in u a t io n o f th e im m ig r a tio n o f p a s t y e a rs .
G en eral business t h r o u g h
o u t th e S o u th w e s t is in a h e a lth y c o n d it io n a n d an im p r o v e d tr a ffic m o v e
m e n t m a y b e a n tic ip a te d fo r th e e n su in g y e a r .
A t this d a te th e in d ica tio n s
p o in t t o a fa ir c o t t o n c r o p , p r o s p e c ts b e in g as fa v o r a b le as c o u ld b e expect* d
in v iew o f th e f a c t th a t th e c r o p is th ree o r fo u r w eeks la te .
A n e a r ly k illin g
fr o s t is th e o n ly th in g t o b e fe a re d a t this tim e .
T h e d e m a n d fo r lu m b e r
a n d fo re s t p r o d u c ts c o n tin u e s g o o d an d the m o v e m e n t lim ite d o n ly t o a v a ila
b le e q u ip m e n t.
A n in crea sed tr a ffic in h ard w o o d s ., v i z ., o a k , h ic k o r y ,
g u m and c y p r e s s , is p a r ticu la r ly n o tice a b le — m a n y n e w m ills h a v in g lo ca te d
a lo n g th e lin e fo r th e p u rp o s e o f c u t t in g h ard w o o d s fro m la n d s h e re to fo re
c u t o v e r fo r th e y e llo w p in e .
W h e n th is is d o n e , m u ch v a lu a b le la n d w ill
b e a v a ila b le f o r a g ricu ltu ra l p u rp o s e s .
V g reat d e a l o f this lan d is c o n s ta n tly
b ein g cle a re d an d p la c e d u n d e r c u ltiv a t io n , an d th u s th e acre a g e d e v o t e d t o
a g r ic u ltu r a l p r o d u c t s is In creasin g e a ch y e a r .
Statistics of Operation.— Operations, earnings, charges,
&c., have been:
O P E R A T IO N S , E A R N IN G S , E X P E N S E S , C H A R G E S , E T C .
190 6-0 7.
1 90 5-0 6. - 1 90 4-0 5.
190 3-0 4.
A v e r a g e m iles o p e r a t e d 1,4 5 2
1,4 5 2
1,4 1 8
1,304
Oj?CTQ,ttOTlS--P a ssen gers c a r r i e d ______
2 ,0 7 7 ,0 8 2 1 ,6 7 0 ,5 0 9
1 ,4 3 6 ,1 4 9
1 ,3 8 0 ,1 2 6
P a ssen gers ca rried 1 m ile 8 3 ,2 7 4 ,4 7 0 7 1 ,8 6 9 ,7 0 7
8 3 ,2 8 6 ,6 7 6
6 0 .4 6 0 ,4 8 9
R a te p e r pass, p e r m ile .
2.44 c ts .
2.38 c ts .
2.1 4 c t s .
2 .4 4 c ts .
T o n s fre ig h t m o v c d - « _ .
3 ,0 7 5 ,2 3 0 2 ,8 5 5 ,5 2 0
2 ,8 0 2 ,5 2 2
2 .6 5 9 ,9 5 0
F’ d o
do
1 m il'_ a - _ 7 3 6 .7 5 2 ,813 6 8 3 ,2 9 7 ,7 1 3 6 1 3 ,9 6 5 ,7 4 2
5 0 8 ,3 7 7 ,6 2 8
R a t e p e r t o n p er m i l e . a 1.07 c ts .
0 .9 8 c ts .
1.07 c ts .
1.13 c ts .
A v .t r a in lo a d (r e v .)t o n s
279
280
267
253
E a rn s, p er pa ss, tra in m
SO.980
$0,9 1 6
$0,855
$0,748
E a rn s p e r fg h t . train m $3,018
$2,769
$2,888
$2,892
G ross earnings p e r m ile .
$ 7 ,267
$ 6 ,193
$6,2 4 8
$5,868
a N o t in c lu d in g c o m p a n y ’s fre ig h t.
E a rn in g s —
$
P a s s e n g e r _______________
2 ,0 2 8 ,4 8 1
F r e i g h t _________________
7 ,8 9 9 ,9 3 7
M a il, ex p r e s s, & e _______
6 2 4 ,7 1 7
$
1 ,7 1 3 ,4 7 4
6 ,6 9 8 ,7 2 3
5 7 7 ,3 6 7
$
1 ,7 8 1 ,9 3 7
6 ,5 7 6 ,9 8 2
5 0 1 ,3 1 2
$
1 ,4 7 5 ,4 8 5
5 ,7 2 9 ,6 2 0
444 ,3 8 0
8 ,9 8 9 ,5 6 4
8 ,8 6 0 ,2 3 1
7 ,6 4 9 ,4 8 2
T o t a l __________________
E x p en se s —
T r a n s p o rta tio n ............. ..
M a in t. o f e q u i p m e n t - - .
M a in te n a n ce o f w a y ,& e .
G e n e r a l __________________
1 0 ,5 5 3 ,1 3 5
T o t a l . _________________
P er cen t ex p . to ea rn s_.
N e t ea rn in g s ____________
O th e r in c o m e ___________
7 ,1 9 6 ,1 0 3
(68.19)
3 ,3 5 7 ,0 3 2
2 0 7 ,6 4 9
6 ,6 9 9 ,4 4 4 6 ,2 1 9 ,3 7 3
5 ,4 2 1 ,5 9 7
(7 4 .5 2 )
(70.19)
(70 88)
2 ,2 9 0 ,1 2 0
2 ,6 4 0 ,8 5 8
2 ,2 2 7 ,8 8 8
1 62 ,586
182 ,975
7 6 ,4 6 9
T o t a l __________________
D ed u ct—
T a x e s ___________________
In te r e st o n first an d
c o n s , m o r tg a g e b o n d s
In te r e st o n s e c o n d m o r t
gage in c o m e b o n d s ___
E q u ip m e n t p a y m e n t s ..
R e n ta ls & m iscella n eou s
3 ,5 6 4 ,6 8 1
2 ,4 5 2 ,7 0 6
2 ,8 2 3 ,8 3 3
2 ,3 0 4 ,3 5 7
243 ,5 0 1
2 4 8 ,1 7 8
2 1 8 ,1 9 5
174 ,515
1 ,5 5 1 ,3 2 3
1 ,4 7 6 ,2 6 0
1 ,3 7 3 ,0 7 6
1 ,3 0 4 ,6 0 0
130 ,4 2 0
__________
5 7 ,3 1 4
130 ,420
__________
3 1 ,2 1 3
130 ,4 2 0
__________
5 8 ,3 2 0
130,420
25,000
131 ,414
T o t a l - - ...........- ..............
S u rp lu s a ________________
1 ,9 8 2 ,5 5 9
1 ,5 8 2 ,1 2 2
1 ,8 8 6 ,0 7 1
5 6 6 ,6 3 5
1,7 8 0 ,0 1 1
1 ,0 4 3 ,8 2 2
3 ,7 0 7 ,5 9 2 3 ,4 3 3 ,3 8 7
3 ,4 4 0 ,6 1 9
2 ,6 7 3 ,2 8 0
1 ,3 8 3 ,4 1 7
1 ,1 8 9 ,3 3 4
9 6 1 ,7 5 7
975 ,390
1 ,7 1 3 ,6 5 3 1 ,6 5 0 ,4 6 6
1 ,3 2 3 ,3 5 4
1 ,3 9 9 ,3 8 4
3 9 1 ,4 4 0
4 2 6 ,2 5 7
4 9 3 ,6 4 3
373 ,543
1 ,7 6 5 ,9 4 9
538 ,4 0 8
a N o te .— T h e ch a rg e s as a b o v e in c lu d e th e in te re st p a id on th e s e c o n d
m o r tg a g e in c o m e b o n d s held by the p u b lic, w h ic h th e c o m p a n y ch arg es t o
p r o fit an d lo s s.
T h e su rp lu s fo r th e s e v e ra l ye a rs as a b o v e is th e re fo re
less th a n th e su rp lu s s h o w n b y th e In c o m e a c c o u n t In th e p a m p h le t re p o r t
b y ju s t th a t a m o u n t.
C O N D E N S E D B A L A N C E S H E E T J U N E 30.
1 90 7.
190 6.
1 90 5.
A s s e ts —
$
$
$
R o a d and e q u ip m e n t ___ 7 2 ,8 5 0 ,2 0 8
7 1 ,1 0 5 ,4 5 7 6 9 ,7 2 4 ,4 5 2
G r a y ’s P o in t T e r m ’l R y .
5 0 0 ,0 0 0
5 0 0 ,0 0 0
5 0 0 ,0 0 0
S h r e v e .B r .& T e r m .u s a g e
rig h ts ________________
4 1 4 ,0 0 0
3 50 ,000
T r u s t e q u ip m e n t____ . 6 ,0 1 6 ,3 2 8
5 ,7 3 9 ,8 3 3
5 ,5 9 9 ,3 0 8
In v e s tm e n ts in s to c k s
an d b o n d s ____________
4 ,5 1 6 ,1 5 9
3 ,4 4 4 ,3 6 2
2 ,3 3 1 ,9 8 7
A d v a n c e s - - - . ....................
1 ,5 9 4 ,0 2 8
1 ,0 8 9 ,5 5 3
8 9 4 ,1 9 2
Cash ____________________
7 8 8 ,7 4 4
8 5 3 ,4 8 2
1,3 4 1 ,4 8 1
A c c o u n t s c o lle c t ib le ____
2 ,4 3 6 ,6 8 0
1 ,1 9 9 ,0 5 6
849 ,4 8 1
S u p p lies and m a t e r ia l s ..
1 ,4 2 1 ,2 9 2
9 4 9 ,0 7 7
6 5 7 ,8 3 8
M is c e lla n e o u s ___________
5 5 ,5 3 0
5 7 ,5 6 4
61,2 1 4
T o t a l __________________
L ia b ilities—
P re fe rre d s t o c k __________
C o m m o n s t o c k __________
B o n d s (see “ R a ilw a y &
I n d u s tr ia l” s e c t i o n ) - R e s e r v e fu n d s ___________
E q u ip m e n t tru st n o t e s In te r e st o n b o n d s _______
S u n d r y a c c ts . p a y a b l e . .
C red it o f In com e a c c o u n t
T o t a l _________________
— V . 8 5 , p . 6 0 1 ,3 3 9 .
1904.
$
6 8 ,4 4 0 ,1 9 2
380 ,0 0 0
_______
5 ,6 2 0 ,2 4 4
1 2 ,1 5 3 ,5 4 6
1 ,479,501
3 8 9 ,9 6 7
731 ,434
823 ,5 8 8
5 8 ,754
9 0 ,5 9 2 ,9 7 0
8 5 ,2 8 8 ,3 8 4
8 1 ,9 5 9 ,9 5 3
9 0 ,0 7 7 ,2 2 6
2 0 ,0 0 0 ,0 0 0
1 6 ,5 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
1 6 ,5 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
1 6 ,5 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
1 6 ,5 0 0 ,0 0 0
4 4 ,7 7 6 ,2 5 0
5 2 1 ,0 6 4
4 6 9 ,4 9 5
4 8 2 ,1 1 4
2 ,5 4 0 ,6 1 7
5 ,3 0 3 ,4 3 0
4 2 ,2 3 3 ,2 5 0
3 87 ,030
1 93 ,000
4 6 9 ,8 0 6
1 ,7 7 3 ,3 6 5
3 ,7 3 1 ,9 3 3
3 9 ,2 7 5 ,2 5 0
2 3 6 ,0 5 4
1 ,0 5 8 ,3 3 4
4 6 9 ,7 9 9
1 ,275,361
3 ,1 4 5 ,1 5 5
4 3 ,3 2 5 ,7 5 0
147,347
5 ,6 2 0 ,2 4 5
4 5 4 ,4 1 4
1 ,6 8 7 ,2 6 5
2 ,3 4 2 ,2 0 5
9 0 ,5 9 2 ,9 7 0
8 5 ,2 8 8 ,3 8 4
8 1 ,9 5 9 ,9 5 3
9 0 ,0 7 7 ,2 2 6
Brooklyn Rapid Transit Company.
{Statement for Fiscal Year Ending June 30 1907.)
The following is a brief comparative statement for the past
four years. The report will be given at length next week.
1 90 6-0 7.
1 90 5-0 6.
190 4-0 5.
1 90 3-0 4.
G ross e a r n i n g s __________$ 1 9 ,9 3 6 ,7 5 3 $ 1 8 ,7 9 7 ,2 6 3 $ 1 6 ,5 8 5 ,5 7 9 $ 1 4 ,9 5 0 ,5 6 1
O p e ra tin g e x p e n s e s ____ 1 1 ,4 6 5 ,7 0 5
1 0 ,4 4 1 ,3 7 7
9 ,8 0 3 ,8 7 0
8 ,7 6 0 ,4 3 9
N e t e a rn in g s__________ $ 8 ,4 7 1 ,0 4 8
F ix e d ch a rg es a n d ta x e s 6 ,0 2 6 ,3 8 7
$ 8 ,3 5 5 ,8 8 6
5 ,6 1 2 ,9 3 4
$ 6 ,7 8 1 ,7 0 9
5 ,1 7 8 ,4 9 1
$ 6 ,1 9 0 ,1 2 2
4 ,8 0 1 ,2 1 5
$2,4 4 4 ,6 6 1
4 4 2 ,0 6 3
$ 2 ,7 4 2 ,9 5 2
5 8 0 ,3 4 3
$ 1 ,6 0 3 ,2 1 8
4 5 3 ,2 8 5
$ 1 ,3 8 8 ,9 0 7
38.3,706
A d d it io n s & b e tte r m e n ts
B a la n c e , s u r p lu s ______$ 2 ,0 0 2 ,5 9 8
— V . 8 5 , p . 4 0 4 , 220.
$ 2 ,1 6 2 ,6 0 9
$ 1 ,1 4 9 ,9 3 3
$1,0 0 5 ,2 0 1
Knickerbocker Ice Co.
{Report for Fiscal Year ending Dec. 31 1906.)
President John S. Field, under date of Chicago, Feb. 6
1907, says:
T h e re p r o b a b ly w as less ic e h a r v e s te d in th e U n ite d S tates d u r in g th e
w in te r o f 1905 and 1906, in p r o p o r t io n t o th e p o p u la t io n , th a n e v e r b e fo r e .
C h ica g o a n d v ic in it y h a rv e ste d at u n u su a l e x p e n s e a b o u t t w o -th ir d s o f its
usu a l c r o p , an d b u t fo r th e d e cre a s e d c o n s u m p tio n r e s u ltin g fro m h igh er
p rice s , ic e su p p lies w o u ld h a v e b e e n e n tire ly e x h a u s te d b e fo r e th e c lo s e
o f th e y e a r .
T h is c o n d it io n b r o u g h t t o th is m a rk e t d u r in g t h e p a s t se ason b id d e r s
fo r ic e in w h olesa le q u a n titie s at h ig h ly re m u n e r a tiv e p r ice s . N o t w it h
sta n d in g th is th e p r ice fo r Ice d e liv e re d t o C h ica g o co n su m e rs d u r in g th e
a m e p er io d w as less th a n in a n y o t h e r la r g e c i t y in t h e U n it e d S ta te s .
(V o l .
lxxxv
.
T h e b u ild in g m a te ria l d e p a rtm e n t o f th e c o m p a n y d u r in g 1906 c o n tin u e d
its s te a d y g r o w th o f t h e p a s t fe w y e a r s , an d c o n t r ib u te d v e r y s a tis fa c to r ily
t o earnings.
O ur p la n t a c c o u n t w as la r g e ly in cre a se d b y th e p u rch a se o f ic e p ro p e rtie s
in C h ica go a n d v ic in it y h a v in g a t o t a l to n n a g e o f 365 ,000 to n s ; th e es ta b
lis h m e n t o f three n e w d is trib u tin g d e p o ts w ith s ta b lin g c a p a c it y o f 200
horses: th e e re ctio n o f a n artificia l Ice p la n t ; th e p u rch a se o f fift y 8 0 ,0 0 0 -lb .
c a p a c it y g o n d o la ca rs.
T h e sum o f $39 5,59 9 w as d e d u c t e d fro m earn in gs in 1906 fo r d e p r e c ia t io n ,
ren e w a ls, repairs a n d b e tte r m e n ts , a n d th e p h y s ic a l c o n d it io n o f th e
p ro p e rtie s is e x c e lle n t.
In c o n n e c tio n w ith t h e sale o f real e sta te , 200 o f th e c o m p a n y ’s first
m o r tg a g e b o n d s w e re c a n c e le d d u rin g th e y e a r , an d 199 o f th e sa m e w ere
e x c h a n g e d fo r re fu n d in g b o n d s o f a lik e n u m b e r , w h ic h w e re d e p o s it e d in
th e r e fu n d in g m o rtg a g e sin k in g fu n d . A ls o $56 ,000 3 -y e a r c o lla t e r a l n o te s
w e re p a id an d ca n c e le d .
W e h a v e p u rch a se d 160 acres o f la n d n e a r D u n e P a rk , I n d ., g iv in g us
o v e r 2,000 acres in th a t lo c a lit y , h a v in g a c o n tin u o u s fr o n ta g e on L a k e
M ich ig an o f o v e r t w o m ile s . T h is p r o p e r t y is w ith in a s h o rt d ista n c e o f
G a ry , w h ere th e In d ia n a S te e l C o . Is e x p e n d in g v a s t s u m s o f m o n e y ,a n d it
w o u ld , th e r e fo r e , seem th a t th is c o m p a n y h ad a v e r y v a lu a b le asset in th is
p rop erty .
T h e re w e re earned a n d p a id d u r in g 1906 d iv id e n d s n u m b e rs 15 a n d 16
o f 3 % ea ch o n th e p re fe rre d s t o c k , an d d iv id e n d s a g g re g a tin g 4 % o n th e
c o m m o n s to c k .
R E S U L T S F O R Y E A R E N D I N G D E C . 31.
190 6.
1905.
190 4.
1903.
N e t e a rn in g s________________________ $ 1 ,0 1 5 ,5 1 6 $39 1,95 1 $ 3 8 4 ,5 2 8 $39 0 ,2 8 5
D ed u ction s—
B o n d i n t e r e s t _______________________ $10 6,17 1
$98 ,4 9 2
$ 9 7 ,0 9 0
$99,601
--------------------I n t . an d c o m m , o n c o lla t e r a l n o te s
113 ,453
R e s e rv e fo r ta x e s , & c _______________
52,0 0 0
------------------------------P re fe rre d d iv id e n d ( 6 % ) ___________
179 ,760
179 ,757
179 ,754
179 ,748
C o m m o n d iv id e n d (4 % ) ___________
159 ,8 4 0
------------------------------T o t a l ............... .............. .......................... $61 1,22 5 $27 8,24 9 $27 6,84 4 $279,349
Surplus fo r y e a r ____________________
$404,291 $11 3,70 2 $10 7,68 4 $11 0,93 6
T o t a l surplus earnings D e c . 3 1 -------$ 1 ,1 5 3 ,1 4 7 $ 7 4 8,85 5 $ 6 3 5,15 3 $52 7,46 8
A p p r o p r ia te d f o r c a p ita l in v e s t
m e n t, 1898 1 90 7__________________
9 5 1 ,8 0 6
------------------- -----------N e t su rp lu s D e c . 3 1 ______________ $201,341 $74 8 ,8 5 5 $ 6 3 5,15 3 $ 5 2 7,46 8
B A L A N C E SH EE T D ECE M BE R 31.
1905.
1905.
|
1906.
1906.
«
$
| Liabilities—
$
Assets—
$
P l a n t ____________ 10,734,219 9,668,306 iCommon s t o c k ___ 4,000,000 4.000.000
128,0001Preferred s t o c k .. . 3,000,000 3.000.000
1st M .bds.ln treas.
75,0001
2 ,201,000
______ IFirst m tge. bon d s. 2,001,000
Ref.M.bds.in treas. 2,249,000j
______ ]R ef. mtge bond s. 2,498,000
R ef.M .bds.slnk.fd.
249,000
______ 15 % collat. n o t e s .. 1,444,000
Collateral notes___
211,500
______ iReserves ............ ..
97,109
Investm en ts_____
119,243
230,356 lApprop. for cap.
In ventories______
197,281
62,228 j investment . . . .
951,806
C a sh_____________
281,194
6,313 j Notes payable____
219,982
286,506
Notes receivable-.
10,470
170,370
328,964 i Accounts payable.
148,935
A c c ts .re ce iv a b le .. 476,006
65,164; P a y -ro lls _________
49,465
47,381
Ice h a r v e s t______
65,984
i Interest a ccru e d ..
57,259
35,219
748,855
! Surplus___________
201,341
T otal___________ 14,668,896 10,489,3311
— V . 85, p 808, -725.
T otal_____ _____ 14,668,896 10,489,331
New York Dock Co.
{Report for Fiscal Year ending July 31 1907.)
President David H . King Jr. says:
T h e to ta l a m o u n t p a id f o r c o n s tr u c tio n d u r in g th e y e a r w as $ 1 0 7 ,8 6 9 ,
o f w h ich $ 1 0 2,28 9 w as fo r n ew p ie r N o . 12 an d b u lk h e a d a n d $ 5 ,5 8 0 fo r th e
n e w s to ra g e b a t t e r y a t C o lu m b ia S to re s . T h e w o r k o f r e m o d e lin g an d
e q u ip p in g th e G e rm a n -A m e r ic a n S tores w ith an a u to m a tic s p rin k ler s y s
te m w ill b e c o m p le te d d u r in g th e m o n t h o f S e p te m b e r.
A lte ra tio n s a n d Im p ro v e m e n ts w ill be re q u ire d d u r in g th e c o m in g y e a r
a t v a rio u s p o in t s , a n d th e b o a r d o f d ir e cto r s has th e re fo re set a side o u t o f
th e earn in gs fo r th e fiscal y e a r e n d in g J u ly 31 1907 a ren ew al fu n d o f
$1 0 0 ,0 0 0 t o b e a p p lie d t o th is w o rk .
T h e sum o f $38 ,7 5 0 has b e e n ch a r g e d o ff fo r d e p r e c ia tio n .
T h e b o a r d has d e cla re d a d iv id e n d o f 2 % o n th e p re fe rre d s t o c k , p a y
ab le O ct. 15 1907 t o s to c k h o ld e r s o f r e c o rd O c t . 1 1907.
I N C O M E A C C O U N T F O R T H E Y E A R E N D I N G J U L Y 31.
190 5-0 6.
190 6-0 7.
190 4-0 5.
190 3-0 4.
S
$
$
S
G ross earns, fro m s torage
o f grain & m d s e .,w h a r f
1 ,845,171
1 ,9 6 7 ,9 6 0
2 ,1 3 0 ,9 8 0
1 ,6 7 0 ,4 4 6
a g e , re n ts, R R . , & c ._
E x p en se s—
1 8,5 5 5
13,807
1 6 ,673
7 ,9 7 3
W a re h o u se r e p a ir s .. . .
18,966
14,209
2 0 ,2 3 7
2 5 ,537
D o ck r e p a i r s ___________
1 4 ,2 5 6
2 1 ,108
2 6 ,0 3 2
19,819
D re d g in g ----------------------6 6 ,876
69,019
76,371
6 7 .932
In su ran ce --------------- . .
288 ,8 8 6
3 03 .076
295 ,842
2 9 3 ,6 1 5
T a x e s ____
___
402,251
476 ,0 2 0
4 5 6 ,4 6 0
O th e r o p e r a tin g exp e n se s
456,901
889 ,1 9 0
T o t a l e x p e n s e s ----------N e t earnings . . ----------1 ,0 7 8 ,7 7 0
D ed uct—
472 ,000
In terest on 1st m tg e . 4 s .
D iv s. on p re f. s t o c k — (4 % )4 0 0 ,0 0 0
38,570
D e p re cia tio n ch a rg e s___
M is c e lla n e o u s ----------------- x cr. 2,065
D is c o u n t o n b o n d s s o ld -
89 9 ,5 9 6
1 ,2 3 1 ,3 8 4
8 75 ,574
969 ,5 9 7
8 0 6 ,0 6 0
8 64 ,386
4 6 8 ,5 7 5
(3 )3 0 0 ,0 0 0
5 6 ,628
0 3 4 ,5 1 2
10,902
4 6 3 ,2 0 0
(2 )2 0 0 ,0 0 0
21,211
3 ,9 7 8
-----------
4 6 3 ,2 0 0
(2 )2 0 0 ,0 0 0
4 9 ,3 1 3
B a la n ce , su rp lu s______
R e n e w a l fu n d .
---------
170 ,265
100 ,000
36 0 ,7 6 7
150,000
28 1 ,2 0 7
-----------
144 ,3 5 4
-----------
B a la n c e -----------------------
7 0 ,2 6 5
210 ,7 6 7
2 8 1 ,2 0 7
144 ,354
7,519
a In clu d e s re n e w a l fu n d 1 90 7, $ 1 0 0 ,0 0 0 ; an d 190 6, $ 4 0 ,H j .
a: C re d it a p p lic a b le t o 1906 a c c o u n t .
.
y In c lu d e s $31 ,2 2 2 u n e x p lr e d in su ra n ce , ta k e n c r e d it f o r o n J u ly 31 1905
“ T h e A u d it C o m p a n y o f N ew Y o r k has m a d e a fu ll a u d it o f th e b o o k s
o f th e c o m p a n y fo r th e s ix years e n d in g J u ly 31 1 9 0 7 .’ — V . 8 5 , p . 808.
B A L A N C E SH EE T J U L Y 31.
1907.
1906.
|
1907. 1906
^IsseZs—
S
S
I Liabilities—
$
$
P r o p e r t y - ..............28,097,201 2 7 ,9 9 4 ,9 1 1 'C om m on s t o c k .. . 7,000,000 7,000,000
Terminal property
540,000
550,0001 Pref erred s t o c k .. .10,000,000 10,000,000
520.932
508,9181First m tge. bonds. 13,000,000 13,000,000
Cash in ban k-------17,069
15,529
Bonds in treasury. 1,200,000 1,200,0 0 0 1Accounts payable210,149
138,6671 Due railroads-----20,950
18,858
Accts. receivable.
|Renewal fund------ *140,115
150,000
Accrued
storage,
607,062
692,3701S u r p lu s .................. 1,233,743 1,163,478
wharfage,& c.,net
236,532
262,999)
M iscellaneous____
I
T o t a l .................. 31,411,877 31,347,865| T o t a l ...................31,411,877 31,347,865
♦Includes renewal fund, 1907, $100,000, and 1906, $40,115.
— V .8 5 , p. 808.
Plymouth Cordage Co., Boston, Mass.
{Report for Fiscal Year ending July 31 1907.)
The company paid on Sept. 16 1907 an extra dividend of
4% from the earnings of the fiscal year ending July 31 1907.
Regular quarterly dividends at the rate of 2% per annum
have been paid for some time past (Jan. 20, &c.), with some
extras, making the total amount distributed, it is said, in
1903 and 1904 14% yearly and in 1905 11%.
THE CHRONICLE
O c t . 5 1907.]
Treasurer Holmes is quoted in part as follows:
D u r in g t h e y e a r t h e c o m p a n y has a d d e d t o Its P ly m o u t h p la n t c o n s id e r
a b le n ew m a c h in e r y , t h e to t a l a m o u n t e x p e n d e d b e in g $ 1 8 ,8 5 7 , w h ic h has
b een in c lu d e d in m a n u fa c tu r in g e x p e n se s. A t th e P ly m o u t h w o rk s a to ta l
o f 8 0 ,3 4 0 ,0 0 0 p o u n d s o f r o p e an d tw in e w e re m a n u fa c tu r e d . S ales s h o w e d
a 1 % in crea se o f reg u la r m a n ila r o p e a n d o f 6 % e a ch f o r s e le cte d and
tra n s m is sion r o p e s , w ith a 1 3 % loss in sales o f b in d e r tw in e .
M ill N o . 3 is n e a r ly c o m p le t e d .
T o d a te a t o t a l o f $27 4 ,7 8 3 has been
e x p e n d e d fo r c o n s t r u c tio n a n d n e w m a c h in e r y .
T h e lirst b a ll o f tw in e tu r n e d o u t at th e W e lla n d , O n t ., p la n t w as p r o
d u c e d in N o v e m b e r 1906 a n d th e first r o p e w as m a n u fa c tu r e d in J a n u a ry
1907. U p t o th e c lo s e o f th e fiscal y e a r th e WTe lla n d p la n t p r o d u c e d a b o u t
8 ,0 0 0 ,0 0 0 p o u n d s o f ro p e a n d tw in e a n d t h e en tire p r o d u c t io n o f th e P ly m o u t h
a n d W e lla n d p la n ts fo r t h e y e a r w as 7 ,4 7 6 ,4 5 3 p o u n d s .
B A L A N C E SH EE T J U L Y 31.
1907;
1906. |
1907.
1906.
A ssets—
$
S
i Liabilities—
$
$
Real e sta te ................ 342,750
342,750)Capital stock_______ 2,500,000 2,000,000
M achinery__________ 420,000
420,000 |D e b ts ______________ 2,423,793 2,365,674
S tock in process____1,733,602 l,20r>,67S |Profit and loss_______1,008,139
970,845
Well and p la n t....-.1 ,0 0 0 ,0 0 0
663,4721 Suspense account___ 100,000
271,057
Cash and debts rec’le 2,800,158 3,124,6761 Im provement a c c t .- 264,578
150,000
Total .................... -6,295,510 5,757,576|
— V. 83, p . 564, 442.
Total . . ................... 6,296,510 5,757,576
Sears, Roebuck & Co.
(Report for Fiscal Year ending June 30 1907.)
The company was incorporated under the laws of New
York on June 16 1906 as successor of a corporation of the
same name organized under the laws of Illinois in 1895.
Below we give a statement of earnings for the first year of
operations of the present company in comparison with cal
endar years 1906 and 1905, during which, with the exception
of the latter half of 1906, the property was owned by the
predecessor company. (Compare V. 84, p. 1246.)
IN C O M E A C C O U N T .
Y ea r.
C a l. Y e a r .
Cat. Y ea r.
J u n e 3 0 ’0 7 .
1906.
1905.
G ross sa le s ........................... .......................... $ 53 ,285 ,79 2 $ 5 0 ,8 6 1 ,7 6 3 $ 3 7 ,9 4 3 ,4 7 2
G ood s retu rn ed a n d a llo w a n c e s --------2,562,9521
P u rch a ses, a ll ex p en ses a n d a d m in lsj- 4 8 ,2 1 8 ,8 3 5
3 5 ,0 7 5 ,4 1 7
tr a tio n c h a r g e s _____________________ 4 7 ,1 8 7 ,2 9 7 )
T o t a l d e d u c t io n s ..................................... $ 4 9 ,7 5 0 ,2 4 9 $48 ,2 1 8 ,8 3 5 $ 3 5 ,0 7 5 ,4 1 7
G ross p r o f it s ________ ___________________$ 3 ,5 3 5 ,5 4 3
$ 2 ,6 4 2 ,9 2 8
$2,8 6 8 ,0 6 1
O th er I n c o m e ............. - ....................... .........
70,804
50,000
__________
T o t a l in c o m e ........ .......................... ......... $ 3 ,6 0 6 ,3 4 7 $ 2 ,6 9 2 ,9 2 8
$2,8 6 8 ,0 6 1
I n t e r e s t ________________________________
3 67 ,845
__________
__________
P re fe rre d d iv id e n d ___________________ ( 7 % )6 9 5 ,6 0 2 (3 J^)349.982
__________
Su rplu s fo r y e a r ............. .................L__ $ 2 ,5 4 2 ,9 0 0
$ 2 ,3 4 2 ,9 4 6
$ 2 ,8 6 8 ,0 6 1
G EN ER AL B A L A N C E SH EET J U N E 30.
1907.
1906.
|
1907.
1906.
Assets—
$
$
j Liabilities—
S
$
Hom an A v .p rop 'ty 6,243,056 6,243.0561Common s t o c k __ 30,000,000 30,000,000
Other real est., <fcc. 1,341,150 1,341,150 j Pref. stk .,7 % e u m . 9,750,000 10,000,000
Good-will & pat'ts 30,000,000 30,000,0001Due to officials,
Invest, in oth . c os. *968,000
968,000 i & c., for loans. 2,226,990 2,943,673
_______ ID u e fo rm d se______ 1,336,718 2,384,605
A d d’nsduring year
054,148
•Supplies & m d s e .- 6,911,426 S,038,6771Other open a c c t s .. 2,605,144
56,340
Outside enterprises
|Bills payable_____ 1,075,000 5,705,000
wholly owned
308,736
200,6001Pref. stock July 1 .
170,625
........... .
Advances to m frs. 1,483,835 l,932,674|S urplus__________ 2,542,899
Sundry persons___
39,767
342 ,8531
Due from custom ’ rs 204.166
271,8061
Due R R s ., claims,
& C --................ ..
434,269
300,9791
Insur.& int.in a d v .
46,607
161,899!
Cash ....................... 1,072,215 1,287,924 j
T o t a l .................. 49,707,376 51,089,6181
T o t a l ...................49,707,376 51,089,618
*Ten companies.— V . 84, p. 1246.
G E N E R A L IN V E S T M E N T N E W S .
RAILROADS, INCLUDING STREET ROADS.
Boston & Albany R R .— New Officer.— A. H. Smith,
General Superintendent of the New York Central, has been
appointed Vice-President and General Manager of the Boston
Albany with headquarters in New York.— V. 83, p. 686.
Boston Elevated R R .— Bond Offering.— Treasurer Wm.
Hooper will receive bids until 2 p. m. Oct. 9 for $2,500,000
4
30-year gold bonds due Oct. 1 1937, coupon or regis
tered and interchangable. A Boston paper says:
863
Boston & Worcester Street R y.— New Stock.— The Massa
chusetts Railroad Commission has been asked to sanction
the issue of $500,000 additional capital stock, making the
total stock $2,225,000. The proceeds are to be used for
building and equipping extensions and power and car houses.
— V. 85, p. 220.
Buffalo Rochester & Pittsburgh R y .—Offering of Equip
ment Bonds.— Chas. C. Harrison Jr. & Co., 136 South Third
St., Philadelphia, are offering at a price to net the investor
5.35% a block of the authorized issue of $3,000,000 4Y^%
gold equipment bonds of $1,000 each, (c *), dated April 1
1907 and due April 1 1927, but subject to call at 102 and
interest on any interest date, and also redeemable at par and
interest on any Oct. 1 for an annual sinking fund of 6% of
the amount of bonds issued. Guaranty Trust Co., trUstee.
Compare V. 84, p. 1365.
There are now $2,100,000 of this issue of equipment bonds
outstanding.— V. 85, p. 598, 402.
Canada Atlantic Railway.— Meeting Postponed.— The
annual meeting at which the shareholders are to vote on
an agreement for amalgamation with the Grand Trunk
Railway Co. of Canada has been adjourned from Sept. 24
to Oct. 24.— V. 85, p. 599.
Canadian Northern R y .— Terminal Company.— See “ Can
adian Northern System Terminals” Ltd. below.— V. 85,
p. 599, 468.
Canadian Northern System Terminals (Limited).—In
corporated.— This company was incorporated with broad
powers on Sept. 18 under the laws of the Dominion of
Canada with a capital stock of $2,000,000 divided into
shares of $100. The company, presumably a subsidiary
or ally of the Canadian Northern R y., has its main office at
Toronto and directors as follows: i
G erard R u e l, A lfr e d Jam es M itch ell, J o h n B isslan d R o b e r t s o n , R o b e r t
P h ip p s O rm s b y , F ran cis Charles A n n e sle y a n d L o m e W . M itch e ll, a ll of
T oron to.
Canadian Pacific R y.— New Securities.— The shareholders
at their meeting on Oct. 2 authorized the issue of $8,000,000
4% debenture stock, chiefly for new construction. Presi
dent Shaughnessy, in a statement to be cited fully another
week, informed the shareholders that unless there should be
an unexpected setback in general business, it was proposed
to push vigorously the work of providing additional facilities.
In this connection he said:
T o p r o v id e th e req u isite m ean s y o u r d ire cto rs w ill, a t a fu tu re d a t e , ask
y o u t o sa n ctio n th e issu e o f th e b a la n ce o f th e o r d in a r y share c a p ita l a u
th o riz e d as and w h en req u ire d , b u t th ere are s u fficie n t fu n d s in h an d t o
m e e t a ll Im m e d ia te re q u ire m e n ts.— V . 8 5 , p . 7 2 6 , 716 .
^Chicago & Alton R R .—Report.— See “ Annual Reports.”
New Directors and Officers.— A new management was
elected this week to represent the Toledo St. Louis & Western
R R ., which recently arranged to purchase control from the
Rock Island. The directors and officers are:
D irectors R e-elected.— N o rm a n 13. R e a m , S . M . F e lto n an d J . J . M itch e ll.
N ew D irecto rs.— E d w in H a w le y , T h o m a s H . H u b b a r d , T h e o d o r e P .
S h o n ts, G eorg e H . R o s s , J o y M o rto n , F . H . D a v is , W illia m G . B e a le an d
H . E . H u n tin g to n .
O fficers.— T h o m a s H . H u b b a r d , C h airm an ; S . M . F e lto n , P re s id e n t;
an d E d w in H a w le y , V ice -P re s id e n t; T h e o d o r e P . S h o n ts, C h airm an o f th e
E x e c u tiv e C om m itte e ; S. H . D a v is , T rea su rer, an d J . S. M a c K ie , S e cre ta ry
a n d A ssista n t T rea su rer. C om p a re V . 8 5 , p . 7 9 2 , 529 .
Chicago General Railway.— Sold.—At the foreclosure sale
on Sept. 30 the entire property was bid in by the Southern
Street Railway Co. for $2,626,053. Compare V. 85, p. 722.
Chicago Milwaukee & St. Paul R y .— Status.—The “ New
York Summary” of Oct. 1 quoted Director William Rocke
feller as saying:
T h e $ 2 ,5 0 0 ,0 0 0 4
% b o n d s o ffered fo r p u b lic su b scrip tio n are p a rt o f an
issu e o f $ 5 ,8 0 0 ,0 0 0 au th orized b y th e R a ilroa d C om m ission J u n e 15. T h e
c o m p a n y has a lre a d y so ld t o a s y n d ic a te c o m p o s e d o f R . L . D a y & C o. and
E s ta b ro o k & C o. t w o lo ts o f $ 5 0 0,00 0 each o f these b o n d s, o r $ 1 ,0 0 0 ,0 0 0 In
a ll, w h ich w ere Issutxl as 4s an d offered to th e p u b lic a t 96. C om p a re V - 8 4 ,
p . 148 7, 105 1, 930 .
T h e ta lk th a t th e S t. P a u l is in n eed o f m o n e y is a ll n on sen se.
The com
p a n y w ill h a v e in th e n e ig h b o rh o o d o f $ 2 0 ,0 0 0 ,0 0 0 Cash le ft a fte r th e c o m
p le tio n o f th e P a cific C oa st e x te n s io n , w h ich c a n be d e v o t e d fo r th e p u r
ch a se o f te rm in a ls, o r o th e r n eed s o f th e c o m p a n y .
S o fa r as th e p resen t o u tlo o k is c o n c e r n e d , th e S t. P a u l d iv id e n d seem s
t o be safe on a 7 % basis fo r a n o th e r y e a r , at lea st
In m a k in g th is s ta te
m e n t I d o n o t w ish to e n co u ra g e a s p e c u la tiv e m o v e m e n t in th e s to c k .
T h is y e a r ’s cro p s are assu red , an d th a t fa c t in itse lf assures s u ffic ie n t e a rn
ings fo r th e St. P a u l t o m a in ta in its 7 % d iv id e n d .
U nless a grea ter d e
pression in general b u sln efs th a n is n o w in sigh t tak es p la c e , th e 7 % d iv id e n d
on S t. P a u l Is n o t In d a n ce r .
W h a t th e fu tu re w ill brinsr fo rth n o m a n ca n
te ll.
S h a reh old ers s h o u ld n o t b e le d to liq u id a te th eir s to c k o n a c c o u n t o f
th ese ru m ors co n ce rn in g th e c o m p a n y .
I am n o t se llin g a n y o f m in e .—
V . 85, p . 792.
Boston & Maine R R .—Report.— See ' ‘Annual Reports” on
a preceding page.
Stock to Amount of $10,994,800 (par) Owned by New York
New Haven & Hartford RR.— See report of that company on
a preceding page, both in remarks of President and table
of stocks owned.— V. 85, p. 792, 464.
Boston & New York Air Line R R .—Offering of Guaran
teed Bonds.— Kidder, Peabody & Co., of Boston, are offering
at 97 and interest SI.000,000 of the authorized issue
of $5,000,000 4% bonds due Aug. 1 1955, guaranteed,
principal and interest, by the New York New Haven & Hart
ford R R. Co. These bonds,recently in the treasury of the
last-named company, are said to be the remainder of the
authorized issue. Compare V. 81, p. 1241,1492.
The following guaranty is stamped on each bond: “ For
value received, The New York New Haven & Hartford Rail
road Co. hereby guarantees the payment of the principal and
interest of the within bond to the legal holder thereof.
Dated at New Haven, Conn., this 23d day of June A. D.
1906. The New York New Haven & Hartford Railroad Co.
Countersigned by A. S. May, Treasurer; H. M. Kochersperger,
Third Vice-President.” These bonds were also “ assumed”
by the N. Y ., N. H. & H. RR when it recently took over
the property.— V. 84, p. 219.
Chicago Southern R y.—Chicago Line Completed.— The
last rail on the company’s line from a point on the State line
between Indiana and Illinois to Chicago Heights was laid
on Sept. 24. Compare V. 84, p. 1051.— V. 85, p. 39.
Chicago Terminal Transfer R R .—Extension of Time De
sired.— The committee headed by George I. Malcom, repre
senting the minority stockholders, has requested the deposit
ing shareholders for an extension of time from Oct. 1 to Nov.
1 within which to accept the conditional offer of $25 a share,
which was recently made to the committee for the preferred
stock which it represents. The “ New York Times” says that
the absence in Europe of President Murray of the Baltimore
& Ohio is understood to have been the chief cause of the delay
in putting through the proposed sale of the preferred stock
represented by the committee. Compare V. 85, p. 405, 722.
Chicago Union Traction Co.— Default.— The October
interest on the $1,614,000 consolidated refunding 4J^%
bonds of the North Chicago Street R R . was allowed to go
to default, Receiver Sampsell, it seems, having promised the
city authorities that the net earnings should be applied to
rehabilitation, provided the time for accepting the ordinance
of Feb. 11 1907 should be extended until Feb. 1 1908.
Touching the default the receiver is quoted as saying: “ That
is merely carrying out my promise. There will be other
864
THE CHRONICLE.
sums falling due from time to time that will be used in the
same way.”
Committee to Represent Bond Issues.— At a meeting of
representatives of the trustees under the various mortgages,
which was held at the office of the Central Trust Co., New
York, on Oct. 3, it was unanimously agreed that the ordin
ance of Feb. 11 should be accepted and that steps should be
taken to secure the adoption of a suitable plan of reorgansization having this object in view. The following committee
was organized from the holders of bonds of the various
issues to request the deposit'of bonds and either formulate
a plan of reorganization or to confer with other committees
or interests engaged thereon:
J o h n N . W a lla c e , Ch airm an; E . D . H u lb e rt, H e n ry A . B la ir, C h a u n cey
K e e p , C. S W . P a ck a r d , G e o rg e P . H o o v e r , W illia m H . H e n k le , I,. S.
O w sle y an d W illia m A . M ason.
Tentative Plan.— William Burry of Runnells & Burry,
Chicago, counsel for the Fidelity Insurance, Trust & Safe
Deposit Co. of Philadelphia, and A. M. Beitler of Dickson,
Beitler & McCouch, Philadelphia lawyers for the company,
have suggested a plan of reorganization which would give
100% in Series A bonds (in place of part “ A ” and part “ B”
bonds) in exchange for the first mortgage bonds of the
North Chicago Street R R ., West Chicago Street R R. and
West Chicago Street RR. Tunnel Co., also 100% in “ B”
bonds in exchange for West Chicago certificates. The plan
would change the amounts of the proposed new bond issues
(compare “ Chicago Railways” V. 85, p. 529, 530) as follows;
series A bonds from $15,900,000 to $20,366,000, series B
bonds from $16,900,000 to $9,734,000 and series C from
$5,000,000 to $7,000,000 — V. 85, p. 530, 159.
Colorado & Northwestern R R .— Defaulted Bonds Sold.—
A t auction in this city on Sept. 25 $270,000 of the first
mortgage 5% gold bonds, due July 1954, with Jan. 1906
coupons attached, were sold at 25% of their face value.—
V. 84, p. 1427.
Columbus (O.) Railway & Light Co.— Dividend.— This
company, which from Jan. 15 1906 to July 15 1907, both in
clusive, paid semi-annual dividends of 1% (2% per annum),
paid on Oct. 1 a dividend of x/2 of 1% , but whether as an ex
tra payment or in order to change the dividend period from
semi-annual to quarterly does not appear certain. There is
$5,000,000 stock, at last accounts 20% paid.— V. 84, p. 995.
Concord & Montreal R R .—New Stock.— The shareholders
will vote Oct. 8 on increasing the capital stock to pay for
p3nnanent additions and improvements, and for part of
the capital stock of the Mt. Washington Ry. and Franklin
& Tilton and Nashua Acton & Boston railroads.— V. 84,
p. 1449.
Denver & Rio Grande RR.-—Acquisition.— The company
has purchased all the stock and bonds of the San Pete Valley
R R ., about 50 miles in length, and has made it a part of the
D. & R. G. system. The Sterling Coal & Coke Co. and
the Mt. Nebo quarries are included in the transaction.
Charles Morrison of London was the principal owner of the
prop- rty —V. 85, p. 651, 665.
HocKing Valley R y.— Time for Deposit of Stock Under
Plan Extended to March 1 1908.— Referring to the plan
for the consolidation of the Hocking Valley Railway Co.
and the. Kanawha & Michigan Railway Co., J. P. Morgan
& Co. announce that, at the request of the holders of im
portant interests in these companies, the time for deposit
of the stocks of said companies under said plan has been
further extended to and including March 1 1908. (Compare
plan V. 83, p. 271.)— V. 85, p. 733. 717.
Interborough-Metropolitan Co.— New Tracks.— See “ Rapid
Transit in New York City” below.
Receivers for Metropolitan Street Ry.— See that company.
Protective Committees.— See Metropolitan Street R y. and
Third Avenue R R . below.
Official Statement as to Finances.— See Interborough Rapid
Transit Co. below.— V. 85, p. 793, 654.
Interborough Rapid Transit Co., New York.— Official
Statement.— To prevent any misapprehension owing to the
appointment of receivers for the Metropolitan Street Railway
Co. and the New York City R y ., an official statement was
issued on Thursday by the management of the Interborough
Rapid Transit Co., which operates the subway and elevated
lines. This statement reports the company’s surplus from
the operations of the year ending June 30 1907 as more than
$500,000, after payment of all chargss and 9% on the capital
stock. The statement says in substance:
T h e In te r b o r o u g h R a p id T ra n sit C o. has m a d e n o g u a r a n ty o f a n y so rt
e x c e p t th e g u a ra n ty o f th e in te re st an d d iv id e n d s o f th e M an h a ttan E le
v a te d R a ilw a y C o.
I t is n o t r e sp o n sib le In a n y w a y fo r th e M e tro p o lita n
S treet R a ilw a y C o ., th e N e w Y o r k C ity R a ilw a y C o. o r a n y o f th eir a llie d
lin e s , n o r has it m a d e a n y a d v a n c e s o r in v o lv e d its e lf in a n y o b lig a tio n s in
c o n n e c t io n w ith su ch c o m p a n ie s .
T h e In te r b o r o u g h R a p id T ra n sit C o ., o u ts id e o f th e p a y m e n t o f th e d iv i
d e n d o f 9 % on its s t o c k , has n o t p a id a d o lla r in to th e tre a su ry o f th e I n
te r b o r o u g h M e tro p o lita n C o ., n o r has it a d v a n c e d t o th e In te r b o r o u g h M e tro p o llta n C o. a n y m o n e y o r be e n in v o lv e d in a n y w a y In a n y o b lig a tio n
c o n n e c t e d w ith th e I n t e r b o io u g h -M .t r o p o llt a n C o ., n o r d o e s It o w e su ch
com p a n y any m oney.
T h e en tire su rp lu s o v e r an d a b o v e th e d iv id e n d re q u ire m e n ts fo r 1 90 7,
as w e ll as th o s e o f p r e v io u s years sin ce its o p e r a tio n b e g a n , has g o n e in to
t 'le trea su ry as su tp lu s o r has b e e n In ve ste d in th e In te r b o r o u g h R a p id
T r a n sit C o .’s p ro p e rtie s .
T h e o n ly r ela tion e x is tin g b e tw e e n th e In te r b o r o u g h -M e tr o p o lita n C o.
a n d th e In te r b o r o u g h R a p id T ra n sit C o . Is th e o w n e rsh ip as a h o ld in g c o m
p a n y o n th e p a r t o f th e In te r b o r o u g h -M e tr o p o lita n C o. o f 339 ,1 2 8 shares
o f s t o c k o f th e I n te r b o r o u g h R a p id T ra n sit C o . o u t o f th e t o t a l o f 350 ,0 0 0
sh ares.
I t m u s t be re m e m b e re d th a t, a fte r th e p a y m e n t o f a ll Interest ch arges
a c c r u in g d u r in g th e y e a r e n d e d Ju n e 30 1907, th e p a y m e n t o f th e g u a ra n
te e d d iv id e n d an d in te re st o n M a n h a tta n E le v a te d R a ilw a y C o . s t o c k , an d
th e d iv id e n d o f 9 % nn th e s t o c k o f this c o m p a n y , th ere re m a in e d a su rplu s
fo r th e y e a r o f o v e r $ 5 0 0 ,0 0 0 .
[Vol.. LXXXV.
T h e n e t earn in gs o f th e c o m p a n y fo r th e t w o m o n th s e n d e d A u g . 31 19 0 7
a n d in c o m e d e r iv e d fro m o th e r so u rce s th a n o p e r a tio n s h o w a n in crea se
o v e r th e c o r re s p o n d in g m o n th s o f th e p r e c e d in g y e a r o f $ 2 5 4,26 5 8 8 , o r
o v e r 15 %".
T h e in crea se in th e e arn in gs, as In d ica te d b y these figu res, w h ich w ill b e
v e r y m a te r ia lly a d d e d t o w ith th e o p e n in g o f th e B r o o k ly n tu n n e l b e fo r e
th e first o f th e y e a r , Inures e n tire ly t o th e ben efit o f th e In te r b o r o u g h
R a p id T ra n sit C o. and a d d s t o th e p resen t stre n g th o f its p o s itio n .
T h e m e m b e rsh ip o f th e b o a rd s o f d ir e cto r s o f th e M e tro p o lita n S tr e e t
R a ilw a y C o. on th e o n e h an d and o f th e In te r b o r o u g h R a p id T ra n sit C o.
o n th e o th e r rem ain s s u b s ta n tia lly th e sam e as b e fo r e th e m e rg e r. T h ese
b o a rd s , thus e n t ir t ly In d e p e n d e n t o n e o f th e o th e r , m a n a g e and w ill co n tin u e
t o m a n a ge th e r e s p e c tiv e p ro p e rtie s u n d e r th eir ch a rg e as h e r e to fo r e .
M r. S h o n ts, o n b e h a lf o f tn e In te r b o r o u g h -M e tr o p o lita n C o ., states t h a t
th e In te r b o r o u g h -M e tr o p o lita n C o . lik e w ise has m a d e n o g u a r a n ty w h a t
e v e r in regard t o th e se cu ritie s o r o p e r a tio n s o f th e N ew Y o r k C ity Railway
C o. o r a n y o th e r c o m p a n y .
H e ca lls a tte n tio n t o th e fa c t th a t the in te re st o n th e c o lla t e r a l tru st
b o n d s o f th e In te r b o r o u g h -M e tr o p o llta n C o. is p r o t e c te d b y th e d iv id e n d s
o n th e I n te r b o r o u g h R a p id T ra n sit C o ., w h ic h s t o c k is h e ld in tru st as se
c u r it y fo r th e In te r b o r o u g h -M e tr o p o lita n b o n d s g iv e n t o th e s t o c k h o ld e r s
o f th e I n te r b o r o u g h R a p id T ra n sit C o. in e x c h a n g e fo r th e ir s t o c k h o ld in g s .
T h e o n ly o th e r o b lig a tio n o f th e In te r b o r o u g h -M e tr o p o llta n C o . is r e p r e
se n te d b y n o te s fo r a b o u t $ 8 ,0 0 0 ,0 0 0 , th e p r o c e e d s o f w h ich w ere a d v a n c e d
t o th e M e tro p o lita n S treet R a ilw a y sy ste m u p o n c o lla te r a l.
T h e In te r b o r o u g h -M e tr o p o lita n C o. has in its tre a su ry o v e r $ 6 ,0 0 0 ,0 0 0 in,
c a s h .— V . 8 5 , p . 345.
Kanawha & Michigan R y .— Time Extended.—Sat* Hocking
Valley R y. above.— V. 85, p. 788.
Kansas City Viaduct & Terminal Co.— Description.— See
leading article in “ Engineering News” of New York for
Sept. 26 1907 and compare map on page 81 of “ Railway and
Industrial” section.— V. 84, p. 931, 271.
Lincoln (Neb.) Traction Co.— Reduction of Fares.— The
comp&ny announced on Sept. 29 that, agreeably with the
order of the State Railroad Commission, it will sell six tickets
for 25 cents to adults and at the same price ten tickets toschool children, the latter to be used during certain hours o f
the day.— V. 84, p. 804.
Manistee (Mich.) Light & Traction Co.—<'m- didntion—
Bonds.—'This company was organized last year under teh
laws of Michigan as a consolidation of the Northern Michigan
Traction Co. of Manistee (successor of the Manistee Filre
City & East Lake R y., V. 80, p. 1111) and the North Western
Michigan Ligut & Power Co. Stock is $1.000,000, all out
standing, $115,000 being cumulative preferred; par of shares,
$100. A first mortgage to the New England Trust Co. of
Boston as trustee secures an issue of $1,500,000 5% gold
bonds of $1,000 each, dated July 2 1906 and due July 1 1926,
without option of earlier redemption. Interest payable
Jan. 1 and July 1 at office of E. H. Gay <fc Co., Boston, who,
it is understood, will later on place the bonds, $800,000 of
which are now outstanding. “ No prior liens remain out.”
President, Edward M. Deare: Sec., Frank G. Deare; Treas.,
Raymond E. Preble.
Metropolitan Street R y., New Y ork.—Receivers Appointed.
— Judge Laeombe in the United States Circuit Court in this
city on Oct. 1 appointed Douglas Robinson and Adrian H.
Joline, who were last week made receivers of the lessee com
pany, the New York City Ry. Co. (V. 85, p. 79.>),a» receivers
of the Metropolitan Street Ry. Co. The company itself ap
plied for the receivership on the ground that as the lessee,
the New York City R y. Co.. had confessed to insolvency,
the Metropolitan would have no funds t<> mei-t its fixed
charges and other obligations.
O n O ct. 1, ju s t fo llo w in g th e a fo re sa id a p p o in tm e n t, A tto r a e y -G e n e r a l
J a c k s o n tiled suits In th e N ew Y o r k S tate S u p rem e C o u rt a sk in g fo r the
d is s o lu tio n o f th e N ew Y o r k C ity R a ilw a y C o ., an d th e a p p o in tm e n t o f
r e c e iv e r s , u n d e r th e ju r is d ic tio n o f th e S ta te c o u r t s , fo r b o th th e N ew Y o r k
C ity c o m a n y an d th e M e tro p o lita n S tre e t R a ilw a y C o .
T h e A tt o r n e y G eneral h o ld s th a t th e s o lv e n c y o f th e t w o c o m p a n ie s s h o u ld b e d e a lt w ith
b y th e S ta te co u r ts a lo n e , and he ch a rges co llu s io n be tw e e n th e N ew Y o r k
C ity C o. an d th e p la in tiff cr e d ito r s in th e F e d e ra l a c tio n .
Committee.— The following committee has been formed to
protect the interests of the refunding 4% bonds:
E . S. M a rsto n , P re s id e n t o f th e F a rm e rs’ L o a n oc T r u s t C o ., w h o Is
C h airm an : E . M. B u lk e le y , o f S p e n ce r T ra sk & C o .; D u m o n t C lark e.
P re sid e n t o f th e A m e r ic a n E x ch a n g e N a tio n a l B a n k ; R . Y . H e b d e n . o f
th e B a n k o f M o n tr e a l; an d O . H . K a h n , o f K u h n L o e b & C o .— V . 8 5 ,
p . 79 3 , 469.
Coupon Payment.— The October coupons on the approxi
mately $16,000,000 4% refunding bonds a r e being paid on
presentation at the Morton Trust Co.— V. 85, p. 793, 469.
Mexican Central R y .— New Treasurer.— J. A. Hendry lias
been elected Treasurer.— V. 85. p. 793.
New England Investment & Sscurity Co.— Preferred
Stock.— See report of New York New Haven & Hartford
under “ Annual Reports” on a preceding patr>.— V. 84. p.
1428.
New York & Long Island R R .—Official Statement as to
Company’ s Rights.— At a public dinner given on Sept. 24
in connection with the formal trial trip through the north
tube of the tunnel under the East River. New York, August
Belmont, Chairman of the Board of the Interborough Rapid
Transit, said in part:
W e a cq u ire d th is fra n ch ise in F e b . 1902, u n d e r a d v ic e o f S tr o n g & Cadw a la d e r th a t it w as p e r fe ctly v a lid , n o tw ith s ta n d in g th ere w e re certa in
te ch n ica litie s t o be r e v ie w e d .
U p t o this tim e th e h is to ry o f c o r p o r a tio n s
In this S ta te w as t h a t a n y c o m p a n y th a t u n d e rto o k se rio u sly t o p e r fe ct Its
fra n ch ises and c o n s t r u c t th e road b e fo r e th e e x p ira tio n o f th e fra n ch ise
w as en title d t o an e x te n s io n o f th e tim e .
W e had 18 m o n th s t o d o th is
w o r k , b u t w e b e lie v e d th a t if w e w e n t fo rw a r d ea rn e stly an d s in ce re ly wew o u ld h a v e n o d iffic u lt y in o b ta in in g an e x te n s io n .
Y o u k n o w th e reason
w h y w e d id n o t ge t lt.
P u b lic c la m o r again st fra n ch ises In p e r p e tu ity had
arisen In th e m e a n tim e . T h is w as a gre a t In ju stice t o th e c o m p a n y , as i t
w as th e o n ly o n e th a t had a ctu a l w o rk u n d e r w a y , an d w e w ere tr y in g
s in ce re ly t o g e t th e w o rk d o n e b y Ja n . 1 190 7, and had n o o b s ta c le s been
th ro w n In th e w a y th e w o rk w o u ld h a v e been c o m p le t e d d u r in g th e term
o f th e fra n ch ise .
A s t o th e le g a lit y o f th e fra n ch ise s, th e co u r ts h a v e n o t y e t c o n d e m n e d
th e m . As fo r u s. w e h a v e still t o learn th a t w e h a v e d o n e a n y th in g Illeg a l.
T h e c it y has n o th in g t o say co n c e r n in g th e fra n ch ises e x c e p t as t o th e
p a r t In M a n h a tta n an d a sm all part in L o n g Isla n d C ity .
T h e p o r tio n
u n d e r th e E a st R iv e r Is In c o n tr o l o f th e S tate o f N ew Y o r k , fro m w h ich
w e o b ta in e d le g a l p e rm its.
F ro m th e b u lk h e a d line In L o n g Isla n d C lty
t o 4th St. w e h a v e o b ta in e d a g ran t in p e r p e tu ity fro m th>- P e n n sy lv a n ia
R a ilr o a d C o.
O ct . 5 1907.)
THE CHRONICLE.
8H5
agement’s ticket was accordingly elected, the only new
director being Morris Bockman, who fills a vacancy.
Judge Gary in person upheld the policy of the manage
ment in not paying dividends at present, and stated that,
while the oompany has prospered under the new regime,
much of its surplus is represented in the inventory, and that
he, as one of the largest stockholders, is opposed to the be
ginning of dividend payments until the future is clearer and
the company is in a position to continue such distribution,
North Chicago Street R R .— Default on Bonds.— See Chi as he believes it will be in a short time. A t Judge Gary’s
cago Union Traction Co. above.— V. 85, p. 654, 531.
suggestion it was voted that a committee of three be ap
Northern Electric Co., California.— See Northern Electric pointed, on which the minority stockholders should be repre
sented, to confer with the directors about matters concerning
R R . below.— V. 85, p. 654.
Northern Electric R R ., California.— Proposed Merger.— the company. The committee will be appointed later. Com
This company was incorporated in California on Sept. 17 pare V. 85, p. 719, 724.
Anaconda Copper Mining Co.— Dividend Decreased.— This
with $25,000,000 of authorized capital stock, in shares of
$100 each, of which $10,000,000 will be preferred, to acquire company, a majority of whose $30,000,000 stock is owned
the property of the Northern Electric Co. (V. 85, p. 654) by the Amalgamated Copper Co., has declared a quarterly
operating an electric railway from Chico to Sacramento by dividend of $1 25 a share (par $25), payable Oct. 16 to
way of Oroville, Yuba City and Marysville, and to acquire holders of record Oct. 5. In January 1906 a dividend of
the Shasta Southern Railroad Co., operating between Chico 87J^ cents was paid, in April $1 12%, in July $1 3 7 ^ , in
October $1 50, and in January, April and July 1907 $1 75.
and Hamilton. The “ San Francisco Chronicle” says:
The present declaration, therefore, reduces the rate from
T h e n ew c o m p a n y w ill a ls o c o n s tr u c t railro a d s b e tw e e n C h ico an d R e d
d in g , b y w a y o f R e d B lu ff, 76 m ile s; be tw e e n S a cra m e n to an d F o ls o m ,
28% per annum to 20% , contrasting with:
• T h e c o m p a n y .Is p re p a re d t o o p e r a te w h e n e v e r It c a n b e d o n e u n d e r a n y
reason a b le an d fa ir a rra n g e m e n ts.
I t is Im p o ssib le f o r a n y b o d y t o m a k e
th a t tu n n el p a y fo r th re e o r fo u r y e a rs .
T h e business Is n o t th ere t o p a y
Interest o n th e c o s t o f th e tu n n e l an d th e e q u ip m e n ts .
I t is n o t as v a lu a b le
t o us as It is t o th e C ity o f N e w Y o r k .
T h e In te r b o r o u g h C o . Is th e o n ly .c o m p a n y . In m y e x p e r ie n c e , th a t c a n
cla im th e d is tin c tio n o f d o in g a n y seriou s se r v ic e fo r th e im p r o v e m e n t o f
tr a ffic c o n d itio n s in G rea ter N e w Y o r k , in s p ite o f th e a b u se it has r e c e iv e d .
T h e t r e a tm e n t o f th is c o m p a n y has n o t been su ch as t o in spire fu r th e r e ffo r t
o n the p a r t o f p r iv a te en te rp rise , an d u n til p r iv a te e n terp rise Is e n co u ra g e d
a n d c o n lid e n c e r e s to re d , w e w o n ’ t h a v e a n y im p r o v e m e n ts .— V . 8 5 , p .
7 9 4 ,3 4 6 .
26 m iles , an d fro m S a cra m e n to t o H a m ilto n , th ro u g h W o o d la n d , 108 m ile s,
w ith a b ra n ch fro m C olu sa t o Y u b a C ity , 28 m iles. T h e o ffic e r s are; P re si
d e n t , R . A u g u stu s B r a y ; T re a su re r, W . M aginnis; S e c r e ta r y , A lle n .
D ire c
to r s , C urtis H llly e r, F ra n cis C. V a n D ie n se , M artin S . W a s h b u r n , H e n r y
C. M a ck an d C harles E ls e y , h o ld in g liv e shares a p ie c e .
Pennsylvania Company.—Called Bonds.— Gold 33^% cer
tificates of 1901 to the amount of $1,334,000 have bean called
for redemption and will be paid at par on Nov. 1 at the Girard
Trust Co., Philadelphia.— V. 84, p. 1183.
Pennsylvania R R .— Agreement Reached with Western Union
Telegraph Co.— See that company under “ Industrials” be
low .— V. 85, p. 794, 655.
Philippine R R .— Descriptive Article.— See “ Railroad Ga
zette” of New York for Sept. 13 1907 and compare V. 85,
p. 794.
Rapid Transit in New York City.— New Subway, &c.—
The Public Service Commission on Wednesday decided to
advertise for bids for the construction of the Fourth Avenue
Subway, Brooklyn, which, it is estimated, will cost about
$25,000,000.
On Sept. 27 the City Board of Estimate, on the recom
mendation of the Commission, appropriated $850,000 for the
building of two additional tracks in the subway between
96th and 103d streets, Manhattan, to prevent the confusion
caused at the 96th St. station by the switching of express
and local trains to one set of tracks. It is believed that the
new tracks will add considerably to the carrying capacity
of the subway.— V. 84, p. 1368, 1248.
San Pete Valley R R .—Sale.— See Denver & Rio Grande
R R . above.
Southern Indiana R R .—Chicago Line Completed.— See
Chicago Southern R y. above.— V. 85, p. 42.
Third Avenue R R., New York.— Protective Committee.—
In view of the appointment of receivers for the company’s
lessee, the Metropolitan Street R y. Co. (see that company
above), the following committee has been fonned to protect
the interests of the 4% consols of the Third Ave. R R . Co.:
J . N . W a lla c e , P re sid e n t o f th e C en tral T ru st C o ., w h o jls C h airm an : A d ria n
Iselln J r ., o f A . Iselln & C o .; E . D . R a n d o lp h , T rea su rer o f th e N ew Y o r k
L ife In su ra n ce C o .; M o rtim e r L . S ch lff, o f K u h n , L o e b & C o .; Jam es
T im p s o n , V ic e -P r e s id e n t o f th e M u tu al L ife In su ra n ce C o ., a n d H . W ln te rf e ld t , o f H a llg a retn & C o .— V . 8 5 . p . 5 3 2 , 100.
Tidewater & Western R R .— Not Sold.— The deal reported
last July for the sale of this property to a Philadelphia
syndicate, we are informed, fell through.— Y. 85, p. 161.
Trinity & Brazos Valley R y.— New Stock.— The share
holders, it is stated, voted on Sept. 10 to increase the capital
stock from $300,000 to $500,000.— V. 85, p. 347.
Union Pacific R R .—Engraved Bonds Ready Oct. 7.— The
new engraved 20-year 4% convertible bonds are to be ready
next Monday.— V. 85, p. 655, 601.
INDUSTRIAL, GAS AND MISCELLANEOUS.
C a le n d a r y e a r ............. ................ ’ 98. ’99. '0 0 . ’ 0 1 . ’0 2 . ’ 0 3 . '0 4 . ’0 5 . ’ 0 6 . ’0 7 .
T o t a l d iv id e n d ( % ) . . ............. 10
13
16
13
4
4
4
8 1 9 ^ 26
— V . 8 4 , p . 1243.
Arizona Power Co.— New Enterprise— Underwriting Of
fered.— This company, formed under the laws of Arizona in
1902, is proposing to develop the water power of Fossil
Creek, Yavapai County, Ariz., in order to supply electric
power to the cities of Prescott and Jerome and the large
mining district adjacent to these cities. The cost of fuel in
this district is excessively high and the United Verde Copper
Co., of which Senator Clark is President, has entered into a
10-year contract to purchase 1,500 H .P. of the first devel
opment of 3,560 H .P. at about $100,000 yearly, which
amount, it is pointed out, practically guarantees 75% of
the interest on the bonds now to be issued, as below shown:
Total
T o be
R eserv’ d fo r
C a p ita liza tion —
A u th o rized . Issu ed n ow . E x t ’ n s,& c'
2 5 -y e a r 6 % g o ld b o n d s (d a te d N o v . 1
1907 a n d s u b je c t to ca ll a t o p t io n o f
c o m p a n y o n a n d a fte r A u g . 1 1913 a t
1 0 2 % a n d in t e r e s t )____________________ $ 2 ,0 0 0 ,0 0 0
$ 1 ,5 0 0 ,0 0 0
$50 0 ,0 0 0
6 % p re fe rre d s t o c k , c u m u la tiv e fro m
N o v . 1 1 9 1 1 ...................................................... 1 ,0 0 0 ,0 0 0
7 5 0 ,0 0 0
2 5 0 ,0 0 0
3 ,0 0 0 ,0 0 0
________
C o m m o n s to c k (p a r o f shares $ 1 0 0 )______ 3 ,0 0 0 ,0 0 0
T o c o m p le te the first d e v e lo p m e n t , e s tim a te d t o c o s t $ 1 ,2 0 1 ,9 2 4 , W illia m
P . B o n b r ig h t & C o . o f N ew Y o r k , F . S. V ie le o f N ew Y o r k a n d A . C . B a lc h ,
o f L o s A n g e le s , C a l., as b a n k e r s, are n o w o ffe r in g fo r sale $ 1 ,5 0 0 ,0 0 0 b o n d s ,
$7 5 0 ,0 0 0 6 % p re fe rre d s to c k an d $7 5 0 ,0 0 0 c o m m o n s t o c k , In b lo c k s , ea ch
c o n s is tin g o f o n e b o n d o f $ 1 ,0 0 0 w ith five shares o f p re fe rre d st o c k ($500)
a n d fiv e shares o f c o m m o n s t o c k , ($500) fo r $90 0.
E stim a ted E a rn in g s fro m F ir s t D ev elo p m en t, 3 ,5 6 0 E lectrica l H o rse P o w e r
E s tim a te d r e v e n u e ________________________________________________ 1 ___ $36 6 ,0 0 0
O p e r a tin g e x p e n se s, m a in te n a n c e , d e p r e c ia tio n , & c _______ $72 ,0 0 0
B o n d in te re s t, $ 1 ,5 0 0 ,0 0 0 a t 6 % ____________________________ 90,000
P re fe rre d s to c k d iv id e n d , $75 0 ,0 0 0 a t 6 % ___________________ 4 5 ,0 0 0 2 0 7 ,0 0 0
A n n u a l su rplu s d u r in g first fiv e y e a rs a fte r c o m p le t io n o f p la n t ____ $ 15 9 ,0 0 0
A f t e r fiv e yea rs a s in k in g fu n d o f 2 % w ill ca ll fo r $ 3 0 ,0 0 0 a n n u a lly .
The Electric Operating Construction Co., under date of
49 Wall St., Aug. 1 1907, writes in substance:
T h e w a te rs o f F ossil C re e k p r o v id e th e o n ly fea sib le so u rce o f h y d r o
e le ctr ic p o w e r w ith in 200 m iles o f the m in in g d is tric t su r r o u n d in g P r e s c o t t .
T h e w aters are o f p e r m a n e n t c h a r a c te r , s in c e , c o m in g fro m s u b terra n ea n
s o u rce s , th e y are In n o w a y d e p e n d e n t u p o n r a in fa ll, th e u n ifo r m it y o f th eir
flo w fo r o v e r 30 y e a rs b e in g testified to b y m e n fa m ilia r w ith this p o r t io n
o f A r iz o n a , a n d c a re fu l m e a su rem en ts fo r seven y e a rs fu lly c o r r o b o r a tin g
this t e s tim o n y . T h e re Is a v a ila b le 43 c u b ic fe e t o f w a te r p e r s e c o n d ,
a n d this w ill be d e v e lo p e d in tw o s e c tio n s , se p a ra te d b y o n ly 514 m iles,
the u p p e r d e v e lo p m e n t n a v in g a n e ffe c tiv e h e a d o f 480 fe e t a n d the lo w e r
d e v e lo p m e n t o f 1,085 fe e t.
I t is p r o p o s e d to d e v e lo p the lo w e r p la n t first. T h is w ill req u ire a p p r o x i
m a te ly 6 m iles o f flu m e, d it c h , tu n n e l a n d pressure p ip e , a n d Will d e liv e r
to cu s to m e rs 3,5 6 0 c o n tin u o u s 2 4 -h o u r horse p o w e r . T h e u p p e r p la n t w ill
b e b u ilt as so o n as p o ssib le a fte r the lo w e r p la n t is c o m p le t e d , w ith 5 m iles
o f d it c h , flu m e , tu n n e l a n d pressure p ip e ; it w ill d e liv e r 1,5 6 9 c o n t in u o u s
2 4 -h o u r horse p o w e r . A ll c o n s tr u c tio n w ill be o f the m o s t s u b s ta n tia l
c h a r a c te r . T h e sin gle steel to w e r lin e w ith d u p lic a te cir c u its fo r b o t h
d e v e lo p m e n ts w ill n o t e x c e e d 100 m iles, w ith 50 m iles o f single d is trib u tin g
lin e s .
T h e re q u ire m e n ts o f th e d is tric t are la r g e ly In e x c e s s o f the p o w e r g e n
e ra te d b y b o th p la n ts .
T h e p rice o f c ru d e o il is fr o m $1 50 to $2 p e r b a rre l,
a n d the p rice o f c o a l fro m $4 25 to $5 50 p e r to n a t the v a r io u s r a ilroa d
p o in t s in this d is tric t, the c o s t a t the m in e s b e in g in crea sed fro m 25 % t o
1 0 0 % , a c c o r d in g to the h au l.
T h e U n ite d V e r d e C o p p e r C o . a t J e r o m e , A r iz ., has e n te r e d In to a c o n
t r a c t w ith the c o m p a n y fo r 1,5 0 0 e le ctr ic a l, 2 4 -h o u r , c o n t in u o u s h orse
p o w e r fo r ten y e a rs a t a p p r o x im a t e ly $10 0 ,0 0 0 p e r y e a r , p a y a b le u n d e r
a ll c o n d it io n s , e x c e p t in case o f s trik e s , w h en tw o -th ird s o f this p o w e r
m u s t be p a id fo r w h e th e r used o r n o t , w ith n o p e n a lty u p o n the p o w e r
c o m p a n y fo r failu re t o s u p p ly p o w e r , save loss o f re v e n u e .
The Tow n of
P r e s c o t t (Y a v a p a i C o u n ty ) w ith 7 ,0 0 0 to 8,0 0 0 In h a b ita n ts , is n o w s u p
p lie d b y the P r e s c o t t E le c tr ic C o ., w ith gross re ce ip ts o f a b o u t $ 8 0 ,0 0 0 p e r
y e a r . A n n u a l re v e n u e o f $ 5 0 ,0 0 0 c a n re a d ily be secu red fro m P r e s c o t t ,
e ith e r b y w o r k in g w ith the p re se n t c o m p a n y o r b y a se p a ra te d is t r ib u t in g
sy s te m to re a ch the larger co n s u m e r s , sellin g p o w e r a t 5 c . p er K .W r.H .
A n actu al c a n v a s s o f the larger m in es sh ow s 54 m in es h a v in g en g in es ra ted
a t 4 ,9 0 0 H .P ., th e a v e ra g e c o s t o f w h ic h , It is s a id , is o v e r $250 p e r y e a r
o n a 2 4 -h o u r basis. A s a lr e a d y s t a t e d , a c o n t r a c t has been m a d e o n a
lla t-ra te basis fo r 1,5 0 0 H .P .
I f the b a la n ce o f the p o w e r Is sold on a m e te r
basis a t 2 c . p e r k ilo w a t t h o u r, it w ill y ie ld $130 p e r h orse p o w e r , e ffe c t in g
a m a te ria l s a v in g to co n s u m e r s .
H o w e v e r , it is e x p e c t e d th a t p o w e r c a n
b e so ld m o re a d v a n ta g e o u s ly in m o s t cases.
Adams Express Co.— New Officers.— George F. Baker,
President of the First National Bank of New York, has been
elected to the board of managers, to succeed Caleb S. Spencer
of Boston, who resigned.
The board of trustees, chosen from the members of the
board of managers, as provided for by the recent amendment
voted by the shareholders, was organized by the appoint
ment of Levi C. Weir, B. W . Rowe, Charles Steele, Dumont
Clarke and George F. Baker.— V. 84, p. 1489.
Amalgamated Copper Co.— Subsidiary Decreases Dividend.
Bell Telephone Co. of Pennsylvania.—Consolidation.— See
— See Anaconda Copper Mining below.— V. 85, p. 724, 655.
Bell Telephone Co. of Philadelphia below.
American Tube & Stamping Co.— Called Bonds.— There
Bell Telephone Co. of Philadelphia.— Meeting Dec. 3 to
were called for redemption on October 1 1907 at 105 and Approve Merger.— For the purpose of carrying out the
interest,at the Colonial Trust Co. of New York (now the merger plan described last week, the shareholders of this com
Trust Company of America), trustee, ten ($10,000) of the pany will meet Dec. 3 to vote on the following propositions:
first mortgage bonds of 1902. (Compare V. 75, p. 1255.)—
T o p u rch ase all th e o u ts ta n d in g c a p ita l s t o c k , fra n ch ise s, p r o p e r t y , & c .,
V. 84, p. 750.
o f th e P e n n s y lv a n ia T e le p h o n e C o . (V . 85, p . 3 8 ), th e D elaw are & A t la n t ic
T e le g ra p h & T e le p h o n e C o. a n d th e C h esapeake & P o t o m a c T e le p h o n e C o .
American Steel Foundries.— Management Upheld.— At the (V . 84, p . 148 5).
T o Increase th e ca p ita l s t o c k o f th e c o m p a n y fro m $ 3 0 ,0 0 0 ,0 0 0
to
annual meeting on Oct. 1 over three-fourths of the shares
$ 6 0 ,0 0 0 ,0 0 0 (to be a ll o f o n e c la s s.— E d .) a n d ch a n g e th e c o r p o r a t e t itle
represented were voted by the management, the minority o f th e c o m p a n y fro m th e B ell T e le p h o n e C o . o f P h ila d e lp h ia t o th e B ell
interests holding proxies for only about 57,000 shares, where T e le p h o n e C o. o f P e n n s y lv a n ia .
T o Increase th e p a r valu e o f th e shares o f s t o c k fr o m $50 t o $100 a n d
as the total votes cast aggregated some 260,000. The man Increase
th e n u m b e r o f th e d ir e cto r s fro m 12 t o 15.
863
THE CHRONICLE.
[T h ere Is o u ts ta n d in g at th e p re se n t tim e in s to c k s a n d b o n d s a i d n o te s
o f th e several com p a n ie s a b o u t $ 4 2 ,0 0 0 ,0 0 0 . N o m o r tg a g e w ill be m a d e , a n d
th erefore n o b o n d s w ill be Issued. T h e to ta l b o n d e d d e b t o f t h e co n s titu e n t
c o m p a n ie s is o n ly a b o u t $ 1 ,9 3 2 ,0 0 0 , c o n s istin g o f $61 4 ,0 0 0 Uui d s o f th e
P e n n s y lv a n ia T e le p h o n e C o . a n d $ 1 ,3 1 8 ,0 0 0 first 5s o f t h e C h esapeak e <5c
P o t o m a c .— E d .] C om p a re V . 8 5 , p . 795.
Bethlehem Steel Corporation.— New Plant.— The “ Iron
Age” of New York, in its issue for Sept. 26, has a 9-page il
lustrated article regarding this company’s new plant at South
Bethlehem, Pa., “ which, as planned in 1906, was to involve,
together with blast furnace erection at the old plant, the pro
vision of new ore-handling equipment and other important
additions, an expenditure of about $12,000,000." The
“ Iron Age” says:
T h e n ew p la n t Is n o w In p a r tia l o p e r a t io n , t h e ra il m ill h a v in g sta rte d
r e c e n t ly an d fiv e o f th e 10 o p e n -h e a rth fu rn a ce s. T h e o rig in a l p la n s ca lle d
fo r b a s ic op e n -h e a rth fu rn a ce s, b lo o m in g m ills ,r a il m ill an d stru ctu ra l m ills .
T h ese w ere t o b e in a g r o u p a b o u t 1 m ile east o f th e b la s t fu rn a ces o f th e c o m
p a n y . T h e s ta rtin g o f th e rail m ill w ill b e fo llo w e d n e x t m o n th b y th e b e
gin n in g o f op era tion s w ith th e 4 8 -in . G ra y u n ive rsa l b e a m m ill an d a th ird
u n it , a 2 8-in . stru ctu ra l m ill, w ill start ea rly in 190 8. T h e p resen t a rticle
dea ls ch ie fly w ith th e rail m ill a n d th e 2 8 -in . s tru ctu ra l m ill, w ith so m e
re fe re n ce also t o th e o p e n -h e a r th p la n t a n d th e 4 0 -in . b lo o m in g m ill.
B e
s id e s , th ere is u n d er e re ctio n a 4 6 -in . b lo o m in g m ill, w h ic h w ill s e rv e th e G ra y
u n iv ersa l m ill.
W ith th e b u ild in g o f its n e w S a u co n p la n t , th e c o m p a n y re tu rn s t o t h e
m a n u fa c tu r e o f rails, w h ic h w as ca rrie d o n a t t h e o ld p la n t fo r a b o u t 25
y e a r s , th o u g h n o rails h a v e b e e n r o lle d sin ce th e la te n in e tie s. T h e s tru c
tu r a l m ills represen t th e first o p e ra tio n s o f th e c o m p a n y in th e m a n u fa ctu re
o f steel sh ap es, th o u g h fo r a n u m b e r o f y ea rs u n d e r th e o ld re gim e it w as a
m a n u fa c tu r e r o f p la te s . T h e o u tp u t o f th e n e w rail m ill w ill b e lo w p h o s
p h oru s o p e n -h e a r th rails.
B esides ,th e c o m p a n y w ill p a y sp e cia l a tte n tio n
t o th e p r o d u c t io n o f n ic k e l, n ic k e l c h r o m e , v a n a d iu m an d o th e r s p e c ia l a llo y
s t e e r rails .— V . 8 5 , p . 7 2 4 , 470 .
[V o l . u x x y .
the D o m in io n C oa l C o .. a n d w ill b e re c o v e r e d fr o m th e m u n d e r th e ju d g
m e n t . T h e e x tr a o o s t Is m e t fo r the p re s e n t o u t o f the su rplu s e a rn in g s —
C o m p a re V . 85, p . 7 2 4 , 102.
Great Northern Power Co.—In Operation.— This company
began delivering power from its hydro-electric plant on the
St. Louis River in Duluth on Sept. 13. A press dispatch
from Duluth says:
T h e first p a tr o n t o r e c e iv e th e p o w e r w as th e stre e t ra ilw a y c o m p a n y ,
an d th e cars o f the sy s te m w ere o p e r a te d b y lt to -n ig h t. T h e a m ou n t
b e in g se rv e d is 3 ,0 0 0 h o r s e -p o w e r . A t m id n ig h t th e p o w e r c o m p a n y w as
fu r n is h in g e le c t r ic it y t o lig h t the c it y , a n d t o -m o r r o w w ill o p e ra te c o a l d ook s
a n d o th e r In d u stile s t h a t req u ire p o w e r , a n d lig h t th e c it y o f S u p erior.
C h eap e le ctr ic p o w e r Is n o w a r e a lity h ere. T h e first o f the th ree units
o f 13,0 0 0 h o r s e -p o w e r ea ch Is In o p e ia t lo n .
The “ Engineering Record” of New York recently pub
lished two illustrated articles describing this enterprise.
Compare V. 83, p. 564.
Kansas City Breweries Co.— Dividends Suspended.— Presi
dent J. J. Heim in a circular dated Sept. 28 says:
T h e d ir e cto r s h a ve t o -d a y d e c id e d t o te m p o r a r ily su spend d iv id e n d s cm
th e ($ 1 ,4 6 6 ,0 0 0 ) p re fe rre d s t o c k .
L a st A p ril, s h o r tly a fte r th e p a y m e n t
o f th e first d iv id e n d , th e b o t t le b e e r bu sin ess o f th e c o m p a n y b e g a n to
Increase a t th e ra te o f a b o u t 33 % . T h is re q u ire d a large In v estm en t in
b o ttlin g e q u ip m e n t; in f a c t , sin ce o rg a n iz a tio n th e to ta l e x p e n d itu re s
o u t o f e a rn in gs f o r th is p u rp o s e h a v e been in e xce ss o f $ 20 0,00 0.
O w in g t o th e large e arn in gs (m o re th a n tw ice th e preferred d i v i d e n d ) ,
y o u r d ir e cto r s still b e lie v e d t h a t th e p a y m e n ts c o u ld b e c o n t in u e d , b u t t h e y
n o w co n s id e r lt n e c e s s a r y , b e ca u se o f th e c o n d it io n o f th e m o n e y m a r k e t,
t o h u sba n d th e cash resou rces u n til th e re su lts o f th e b o t t le be e r bu sin ess,
t o g e th e r w ith th e a b n o rm a l p r ice o f m a lt and b a r le y , w h ich h a v e a d v a n c e d
8 5 % , can be m o r e cle a rly .s e e n ; In th e m e a n tim e , th e business o f th e c o m
p a n y c o n tin u e s e x c e lle n t , sh o w in g an Increase o v e r 190 6.— V . 8 4 , p . 274 ,
393.
Canadian Improvement Co .—Extension of Notes.— See
Lake Superior Corporation.— Report.— For fiscal year
Lake Superior Corporation below.— V. 84, p. 1309.
ending June 30:
Total
G en E x p . In t. on B a la n ce,
F
is
c
l
------R eceipts from -----Central Leather Co.— Modification Denied, with Leave to Y e aar —
■
D iv s .& I n M is c l n t . R eceip ts.
T a x cs& c. 1st M . S u rp lu s.
Renew Application.— Vice-Chancellor Emery yesterday de 1906-07 .......... $ 5 2 7,98 2 $ 1 5 0,02 9 $678,011 $148,381 $50 0 ,0 0 0 $29,630
.________ 1 ,1 0 2 ,0 4 4
36,7 0 0 1 ,1 3 8 ,7 4 4
91,981
4 8 9 ,8 8 3 556 ,880
nied the application made by the company in the suit brought 1 9A0 5 d-0iv6 id
e n d o f 5 % ($ 1 5 0 ,0 0 0 ) w as p a id o n th e In co m e b o n d s o n O c t . 1
by James C. Colgate and others to modify the injunction re 1906; n o n e this y e a r .
straining the consolidation with the United States Leather
Again Extended.— The $1,000,000 notes of the Canadian
Co., in accordance with a new agreement adopted by the Improvement Co. (which assisted in financing the reorganiza
directors of the Central Leather and United States Leather tion and rehabilitation of the property in 1904) have been
companies on Aug. 27.
extended from .Oct. 1 1907 to April 1 1908. These notes
T h e step w as ta k e n In p u rsu a n ce o f th e d e c is io n o f th e c o u r t on J u ly 31
were guaranteed by the Province of Ontario (V. 78, p. 1784).
p e r m ittin g a m o d ific a tio n o f th e c o n s o lid a tio n a g re e m e n t, b u t th e c o u r t
o b je c t e d to ce r ta in cla u ses in th e p r o p o s e d m o d ific a tio n an d c o u n s e l a t o n ce
— V. 85, p. 725.
n o tifie d th e c o u r t th a t th e t e x t o f th e new a g re e m e n t w o u ld be a m e n d e d
Montgomery (Ala.) Light & Water-Power Co.— Statement
t o c o n fo r m t o its v ie w , an d th e a p p lic a t io n th e n b e re n e w e d .
C o m p a re
V . 8 5 , p . 2 8 6 , 101.
of Earnings.— For year ended June 30 1907:
Chambersburg (Pa.) Engineering Co.— Called Bonds.— G ross e a rn in g s____ __________ $ 2 9 2 ,6 5 8 1B o n d In te re s t_______ ____- ___ $1 0 6,03 5
N e t earnings (o v e r t a x e s ) .. 1 6 4 ,7 0 1 1S u rp lu s________________ ______
63,7 6 6
There were called for redemption on October 1 1907 at —
V . 8 4 , p . 1056.
10 5 and interest, at the Girard Trust Co. of Philadelphia,
National Phonograph Co.— Suit.— See New England Pho
trustee, ten ($10,000) of the first mortgage bonds of 1906.
nograph Co. below.— V. 84, p. 697.
(Compare V. 83, p. 1413.)
National Steel & Wire Corporation.— Sold.—-This com
Chesapeake & Potomac (Bell) Telephone Co.— Merger.—
See Bell Telephone Co. of Philadelphia above.— V. 84, p. pany’s property, it is stated, has been acquired for about
$650,000 in bankruptcy proceedings by or in the interest of
1485.
the United States Steel Corporation. According to one
Citizens’ Telephone Company of Grand Rapids.— New report the proceeds of the sale, together with other assets,
Stock.— The shareholders have voted to increase the author will give possibly $1,000,000 for the payment of approved
ized capital stock from $3,000,000 to $3,500,000. Directors: claims.— V. 85, p. 225, 102.
C. F . R o o d , E . B . F ish er, P h ilip G ra h a m , L e s te r J . R ln d g e , G aius W .
New England Phonograph Co.— Suit.— John W . Slater,
P e r k in s , J o se p h B . W a r e , E d w a r d F itz g e r a ld , W illia m J . S tu a r t, C y ru s E .
P e r k in s , R o b e r t D . G ra h a m , J o h n B . M a rtin , w h o s u cce e d s E . G . S tu d le y .
of Slaterville,R. I., and other stockholders, holding an aggre
See V . 8 2 , p . 807 .
gate of $232,200 stock, on Sept. 5 filed a bill of complaint
Crucible Steel Co. of America.— Report.— For fiscal year in the New Jersey Court of Chancery against Thomas A.
ending Aug. 31:
Edison, the Edison Phonograph Co., the Edison Phonograph
E a rn in g s far Y e a r s E n d in g A u g . 31.
Works and the National Phonograph Co. for an injunction
1 9 0 6 -0 7 .
1 90 5-0 6.
190 4-0 5.
190 3-0 4.
to enjoin the sale of Edison phonographs in the New England
$ 2 ,9 0 1 ,8 4 0
$2,0 6 7 ,4 9 1
$48 8,16 0
N e t _____________ ______ $ 2 ,6 7 2 ,1 6 0
P r e f. d iv id e n d ____ (6 % )1 ,4 6 6 .190 ( 5 ^ ) 1 ,3 4 4 ,0 0 7
N one.
N one.
States and for an accounting for all phonographs sold
within that territory since 1895, when the Edison interests,
B a la n c e , s u r p l u s . . . $ 1 ,2 0 5 ,9 7 0
$ 1 ,5 5 7 ,8 3 3
$ 2 ,0 6 7 ,4 0 1
$48 8,16 0
— V . 8 5 , p . 471 .
it is stated, acquired control of the North American
Dayton (O.) Citizens’ Electric Co.—Bond Issue.— A mort Phonograph Co. below mentioned.
gage was filed on July 2 to the Cincinnati Trust Co., as
T h e b ill alleg es th a t o n O c t . 12 1888 th e N e w E n g la n d C o . p a k i *o the
N o rth A m e r ic a n P h o n o g r a p h C o . $ 1 0 0 ,0 0 0 fo r th e e x c lu s iv e prlTltetre o f
trustee, to secure an issue of bonds due July 1 1932; denomi sellin
g a n d e x h ib itin g m a ch in e s In th e N e w E n g la n d S ta te s , th e JJorth
nation $500 and $1,000. The amount of the issue is stated A m e r ic a n C o ., it la a lle g e d , o w n in g th e e x c lu s iv e rig h ts t o T h o*> as A .
o n ’ s In v e n tio n s re la tin g t o p h o n o g ra p h s .
T h e c o n t r a c t J t te s ta te d ,
in the press reports as $450,000, but the accuracy of these Ee xdpisire
d In 190 3, b u t w as re n e w e d .
T h e N o rth A m e r ic a n C o . b e c a m e In
figures seems doubtful. It is stated that on Aug. 13 a mort so lv e n t in 1 90 4, a ll its assets, In clu d in g th e c o n t r a c t w ith th e N e w B n g la n d
gage for $1,500,000 to the same trust company, as trustee, C o ., It Is a lle g e d , b e in g so ld b y re c e iv e r J o h n R . H a r d in o f N e w a r k , N . J .,
d iso n in te re s ts , w h o o p e n e d age n cie s In th e N ew E n g la n d S ta tes
was discharged of record. The Electric Company does not tfoor ththee Esale
o f p h o n o g ra p h s an d p h o n o g ra p h su p p lies In th e n a m e o f th e
respond to inquiries as to the foregoing matters. Capital N a tio n a l P h o n o g r a p h C o . C o m p a re N ew Y o r k P h o n o g r a p h O o. Item ,
stock authorized $1,500,000. Adam Schantz is now Presi V . 8 4 , p . 697.
New River Company, Boston.— Sale of Preferred Sloth.—
dent and Treasurer. George B. Cox of Cincinnati is said to
be a large stockholder. The company’s power plant was Status.— 'The shareholders recently subscribed at par for
all except $200,000 of ablock of $1,750,000preferred stock
placed in operation on April 5 1907.
D ominion Iron & Steel Co.— Official Statement.—Coal with a bonus of 200% in common. The “ Boston News
Judgment— Earnings.— The directors on Sept. 24 issued a Bureau” of Sept. 28 says:
T h e p r o p e r t y is b e in g g r a d u a lly p u t In to s h a p e fo r d iv id e n d s on th e
statement saying in substance:
c o m m o n s t o c k . T h e c o m p a n y has o u ts ta n d in g a little o v e r $ 5 ,0 0 0 ,0 0 0 6 %
O n th e 16th Inst ju d g m e n t w a s d e liv e re d b y the S u p rem e C o u rt o f N o v a
S c o t ia In th e su it a ga in st the D o m in io n C oal C o ., L im ite d , d e cla rin g the
co a l c o n t r a c t t o be still In fo r c e , a n d su sta in in g o u r c o n te n tio n s as to Its
e ffe c ts . T h e C oal C o . is h eld re s p o n s ib le fo r all loss a n d d a m a g e re s u ltin g
fro m th eir b rea ch o f the c o n t r a c t , in c lu d in g the e x tr a c o s t o f co a l p u rch a se d
sin c e A u g u s t 190 6, the d a m a g e s o c c a s io n e d b y the d e ficie n t s u p p ly In
A u g u s t , S e p te m b e r a n d O c t o b e r 190 6, a n d the d a m a g e s d u e t o the s h u ttin g
d o w n o f the p la n t In N o v e m b e r . A c o p y o f the ju d g m e n t w ill be m ailed
to e a ch sh a reh old er.
T h e cla im fo r d a m a g e s thus a w a r d e d a g a in s t the C oa l C o . a m o u n te d o n
A u g . 31 190 7, e x c lu s iv e o f in te re s t, to $ 1 ,7 9 5 ,6 4 0 (s u b je c t to p r o o f ):
P a id fo r e x tr a c o s t o f c o a l p u rch a s e d fro m D o m in io n C oal C o -------$82 9 ,2 4 8
P a id fo r e x tr a c o s t o f c o a l p u rch a s e d fro m o t h e r s ...... . . . ------------- 356 ,1 4 3
D a m a g es d u e to s h o r t de liv e rie s In A u g ., S e p t. and O c t . 1 9 0 6 ------ 132 ,253
D a m a g es d u e to cessa tion o f deliv e rie s in N o v . 1906, e s t im a t e d —
4 7 9 ,0 0 0
E ffo r ts w ere m a d e in Ju n e last t o o b ta in c o n tr o l o f the m e e tin g ca lled
f o r J u ly 5, w h ic h , If o b t a in e d , w o u ld h a v e been used to the d is a d v a n ta g e
o f this c o m p a n y .
T h e y n o w d eem It p r o p e r to p o in t o u t th a t the rights o f
the sh areh old ers ca n b e best sa fe g u a rd e d b y a b o a rd o f d ir e cto r s w h o
h a v e n o Interests to c o n s id e r o th e r than those o f the Steel C o.
.As reg a rd s r ela tion s w ith the D o m in io n Coal C o ., your d ir e cto r s are still
rea d y t o forw ard a n y a r r a n g e m e n t w h ich is just a n d e q u ita b le a n d lik e ly
to lead to a p e r m a n e n t s e ttle m e n t o f the Im p o r ta n t question o f co a l s u p p ly .
- .E a rn in g s J u n e 1 to A u g . 31 1907 (C oa l R eckon ed at Con tract P r ic e .)
G ross
A ll Interest and
P r o p . P r in c ip a l
B alan ce.
E a rn in g s.
F irst M tg e.S k .E el.
V u e on S econd M tg e .
S u rp lu s.
$ 7 0 5 ,3 4 8
$ 1 8 9,51 5
$ 6 2 ,5 0 0
$453,333
in the a b o v e sta te m e n ts the c o a l used is ch a rg e d at $1 28 p er t o n ; . the
e x t r a c o s t , a m o u n t in g fo r the th re e m o n th s to $ 3 3 3 ,4 1 2 58, Is ch a rg e d t o
c u m u la tiv e p re fe rre d s t o c k «ind $ 1 0 ,0 0 0 ,0 0 0 c o m m o n .
On th is p referred
s t o c k lt Is e a rn in g 10 % p er a n n u m , an d th ese earn in gs are b e in g m n d e o n
h a lf-tim e o p e ra tio n s at th e m in es, th e C h esap eak e & O h io b e in g u n a b le t o
fu rn ish cars in q u a n t it y s u ffic ie n t t o p e rm it o f m in in g o p e ra tio n s m o r e th a n
th ree d a y s a w e e k . T h e c o m p a n y is n o w e n tire ly fin a n ce d .
T h e c o m p a n y Is m in in g a t th e ra te o f 2 ,0 0 0 ,0 0 0 to n s p e r a n n u m .
T h is
p r o d u c t io n , lt is b e lie v e d , w ill b e in crea sed t o 2 ,5 0 0 ,0 0 0 to n s In 1908 an d
3 ,0 0 0 ,0 0 0 to n s In 1909. T h e D e e p w a te r -T id e w a te r R y . p r o je c t o f H . H .
R o g e rs , w h e n c o m p le te d n e x t y e a r , s h o u ld m a te r ia lly assist In e x p a n d in g
th e c o m p a n y ’s o p e r a tio n s .
C o m p a re V . 8 4 , p . 576 , 935 .
North Western Michigan Light & Power Co., Manistee,
Mich.— See Manistee Light & Traction Co. under "R a il
roads” above.
Pacific (Cal.) Lighting Co.— Increase of Stock by Subsidiary.
— See Pasadena Consolidated Gas Co. below.— V. 84, p. 1311Paint Creek Collieries Co. (of West Virginia), Scranton,
Pa.—Report.— The “ United States Investor” of Aug. 24 had
the following (compare V. 82, p. 933):
A c c o r d in g t o a fin a n cia l sta te m e n t r e c e n tly r e c e iv e d , th e c o m p a n y earned
gross fro m c o a l r e c rip ts fo r 11 m o n th s e n d in g M arch 1 1907 $ 5 7 3 ,8 4 7 ;
o th e r In c o m e , $ 1 0 9 ,3 5 4 , fro m w h ich th e c o m p a n y n e tte d $ 1 6 8 ,1 3 4 , o u ts id e
o f s li ch arg es an d e x p e n se s.
S in ce M arch th e c o m p a n y has c o m m e n c e d
s h ip p in g v ia th e K a a a w h a R iv e r in a d d itio n t o t h e C. <fc O . R R . , w h leh
en ab les th e c o m p a n y t o w o rk its m in es n e a rly fu ll tim e .
I t is e x p e c t c d
th e t o n n a g e fo r
y * a r •nclng M arch 1 1908 w ill b e d o u b le t h a t s h ip p e d
O ot. 5 1907.J
THE CHRONICLE.
la st y e a r .
W e u n d e rs ta n d th e c o m p a n y has n o w o n Its b o o k s o rd e rs f o r
o v e r 1 ,0 0 0 ,0 0 0 ton s o f c o a l a t a n a v e ra g e in crea se In p r ice o f 11 c e n ts a t o n
o v e r the p rice r e c e iv e d fo r c o a l la st y e a r . T h e se ord e rs c o v e r a p e r io d
e n d in g w ith J u ly 1 1908.
T h e p r o p e r t y on w h ic h the m in es are lo c a te d co m p ris e s 2 0 ,0 0 0 a cre s
th a t are h eld u n d e r lease u n til all the c o a l Is m in e d . In a d d itio n t o this
p r o p e r t y , the c o m p a n y o w n s In fee 17,155 a cres o f c o a l la n d a n d 16,000
acres o f tim b e r.
B a lan ce Sh eet.
A s sets ($ 8 ,3 8 9 ,0 8 0 ).
I L ia b ilities (%8 ,3 8 9 ,0 8 0 ).
P la n t , m in e s, & c ..................$ 6 ,2 7 5 ,4 1 7 C a p ital s t o c k ______ _______ $ 5 ,0 0 0 ,0 0 0
I n v e s t m e n t s .........................
6 7 ,200 JF u n d e d d e b t _______________ 3 ,0 0 0 ,0 0 0
A c c o u n t s r e c e iv a b le .......... .
8 7 ,493 j Surplus a c c o u n t ______ „ ___
168 ,135
C a s h ............................................
2 0 ,5 2 0 1B ills p a y a b le _______________
114,625
In v e n to r ie s a n d s u p p l i e s ..
8 6 ,8 0 7 1A c c o u n t s o u t s t a n d in g ____
83,101
B on d s u n iss u e d ___________ 1 ,6 1 5 ,0 0 0 1W a ge s d u e m ln e is ________
10,056
B o n d c o m m is s io n s ________
117 ,400 |M iscella n eou s a c c o u n t s ___
13,163
119,243|
Miscellaneous________ . . . .
— V . 82, p . 933 .
867
Western Ice Co.— Bond Sale.— At auction last week
$15,000 “ general and collateral” mortgage 5% gold bonds,
due Jan. 1957, interest Jan. and July, were sold at 64.—
V. 85, p. 738, 809.
Western Union Telegraph Co.— Agreement with Pennsyl
vania RR.—After protracted negotiations, a new 25-year
contract has been signed with the Pennsylvania Company
operating the Pennsylvania R R . lines west of Pittsburgh,
effective as of Oct. 1,'bv which the Western Union will oper
ate over the same Pennsylvania lines west of Pittsburgh as
heretofore, with the addition of the Grand Rapids & Indiana
and the Toledo Walhonding Valley & Ohio R y ., which pre
viously had the Postal Telegraph service.
By this agreement, also, all litigation between the Western
Pasadena (Cal.) Consolidated Gas Co.— New Stock.—This
company in July last filed a certificate of increase of capital Union Telegraph Co. and the lines operated by the Pennsyl
stock from $250,000 to $1,000,000. Compare V. 83, p. 441. vania Co. is settled. The break between the Western Union
Pennsylvania Salt Manufacturing Co., Philadelphia.— and the Pennsylvania R R . took place in 1902, at which time
Extra Dividend.— In addition to the usual semi-annual divi the Postal Telegraph Cable Co. took over the business on
dend of 6 % , an extra dividend of 1% , payable Oct. 15 to most of the Pennsylvania lines east of Pittsburgh and Erie.
holders of record Sept. 23, has been declared. The regular The present agreement leaves the Postal Company in posses
dividend rate has been 12% yearly since 1876. Stock au sion of this eastern business, at least during the continuance
of the contract of 1902.— V. 85, p. 669, 474.
thorized is now $5,000,000, par $50.— V. 84, p. 225.
Westinghouse Air Brake Co.—New Stock for Stock Divi
Pennsylvania (Bell) Telephone Co.— M erger— See Bell
dend, &c.— The shareholders at the annual meeting on Oct. 1
Telephone Co. of Philadelphia above.— V. 85, p. 38.
approved the propositions to increase the capital stock from
Spanish-American Iron Co.—Sale of Guaranteed Bonds.—■ $11,000,000 to $14,000,000, and to declare a 25% stock divi
Henry & West of Philadelphia have purchased an additional dend. A special meeting has been called for Dec. 3 to fulfill
$500,000 of the 6% bonds dated July 1 1907. The first the legal formalities regarding the increase of stock. See
$1,000,000 was offered by them last August. Compare V. V. 85, p. 738, 720.
85, p. 350, 288.
Standard Oil Co.—Exclusive Information a.s to Income
— The San Francisco office of N. W. Halsey & Co. is now
Account and Balance Sheet.— The ‘ ‘Chronicle’ ’ was at much located in the firm’s new building, adjoining that of the
pains last week to compile and put in intelligible shape the Bank of California, No. 424-430 California Street. The
income account and balance sheet of the company for the company, it is stated, was the first outside interest to an
calendar year 1906 as reported to the Government investi nounce the erection of a modern office building after the
gators. The statement was given on pages 790 and 791 disaster of April 1906. Their announcement then aroused
of our last issue. The balance sheet furnished by the com a great deal of favorable comment along the Pacific Coast
pany was obscurely complex and stated only the number of The building is in the heart of the financial district , occupying
shares owned in the sub-companies and the book value of a lot 45 by 184 feet, running through to Halleck Street.
the same
The “ Chronicle” re-arranged the details, separ It is a four-story reinforced concrete structure of Tudorating the income account from the balance sheet in which it Gothic design, with cement floors, absolutely fire and as
was incorporated, and from other official documents ascer near earthquake proof as building science can make it.
tained the amount of outstanding stock for the several sub There is no wood in the interior, glass being molded over
companies, and in most cases the par value of the individual steel wire and all the door cases and window frames are of
shares, enabling the reader to determine the proportion of metal to simulate bronze. In case of fire in adjoining build
each issue held by .the parent company. The report thus ings, the elevator shaft and every staircase and hall will be
laboriously compiled for our columns has been widely automatically partitioned off by “ wire-glass doors.” This
copied without credit to the “ Chronicle,” and it is only is for the purpose of shutting off the drafts that sweep
proper, therefore, that the public should know the authentic through a building in time of fire. The ground floor is oc
source of this unique array of facts, embracing as it does the cupied by Messrs. Halsey & Co. and is particularly handsome.
only balance sheet and income account for the company that The entrances are marble with grill work and covered with
has ever appeared in public print.— V. 85, p. 790, 808.
mill plate glass, the floor itself being laid in mosaics. Desks,
(John B .) Stetson Co., Philadelphia.— .\ew Stock.— A filing cases, &c., are of metal. The firm is well established
special meeting of the shareholders will be held Dec. 3 “ for n the Pacific Coast market and offers excellent facilities for
the purpose of voting for or against an increase of the capital exchange of Pacific Coast business with Eastern centres.
stock.” A. Philadelphia paper says: “ There is now outstand
— Taylor, Livingston & Co., members of the New York
ing $3,500,000 stock, of which $1,500,000 is preferred. It Stock Exchange, 111 Broadway, announce the removal of
is understood that the authorized issue contemplated is $8,- their branch office at 718 Fifth Avenue to new rooms in the
000,000.” — V. 84, ]). 53.
recently completed Plaza Hotel, 59th Street and Fifth Ave
Stockton (Cal.) Gas & Electric Corporation.— Successor nue. William O. Kennedy has the management of this of
Company.— New Bonds.— This company filed articles of in fice, which is accessible to the street by a private entrance on
corporation in California on Aug. 30, its authorized capital the 59th Street side. The concern deals in stocks, cotton,
stoek being $1,500,000 (par of shares $100). and a bonded grain and provisions. The firm members are: Walter C.
debt being authorized for a like amount. Directors: A. H. Taylor, Henry B. Livingston, member of the New York
Winn, Paul McDonald, R. T. Hooper, H . F. Allen and J. T. Stock Exchange, Thomas F. Oakes and Cortlandt E. Taylor.
Handy. Compare V. 79, p. 126S
— It is announced that the interest of Thomas W. Phillips
Street’s Western Stable Car Line.— Xew Trustee, &c.—The in the corporation of Adams-Phillips Company of Los An
Harris Trust & Savings Bank of Chicago has been appointed geles, Cal., has recently been taken over by John B. Miller
registrar of the preferred and common stocks; also trustee and Edwin J. Marshall of that city. The business of the
under the company’s bond mortgage, succeeding the Equita corporation is now conducted under the title of James H.
ble Trust Co.— V. 84, p. 1000.
Adams & Co., with the following board of directors: James
H. Adams, Jared S. Torrance, John B. Miller, Edwin J.
United States Rubber Co.— The company reports:
Marshall, James R. Martin, Frank M. Brown and Henry
S i x M o n th s ending S ep t. 30 (S ept. estim ated) —
1907.
1900
$ 1 ,7 3 1 ,3 0 9
N et earnings after all charge*_________ _____ _______ S I ,8 97 ,188
W. O’Melveny.
D iv id e n d s r e c e iv e d fro m R u b b e r G o o d s M fg . C o . 277 ,8 1 2
413,641
— Owing to tht‘ death of Ezra Lincoln, the co-partnership
T o t a l n e t i n c o m e . . .......... ...........
.............................. $ 2 ,1 7 5 ,0 0 0
$ 2 ,1 3 6 ,0 0 0
existing between Mr. Lincoln and Frank I). Potter, under
— V . 8 5 , p . 44.
United States Smelting, Refining & Mining Co.— Sew Di the firm name of Lincoln <fc Co., has been dissolved. The
rector.—Charles G. Rice has been elected a director in place firm has been succeeded by a new co-partnership under the
name of Pouch & Co., composed of Edgar D. Pouch, member
of C. A. Hight, resigned.
Dividends.—The directors “ after a full consideration of of the New York Stock Exchange, Frank I). Potter, and I1.
the earnings, and taking into consideration copper at less T. Bedford, special partner. The firm will make a specialty
than 15 cents per pound and lead at 4 Vo cents per pound,” of dealing in investment bonds.
— Vickers & Phelps of this city announce that from now
have declared the regular dividends on both the preferred
and common stock at the rate of 7% per annum, payable on they are prepared to execute Stock Exchange orders,
Oct. 15 1907 to stockholders of record at the close of business Rudolph Nesser of the firm having become a member of the
Exchange. Mr. Nesser proposes to join the bond department
Oct. 1 1907.
Hayden Stone & Co., Boston, who. under date of Sept. 25, of the Exchange, and the firm’s business will continue to be,
recommend the purchase of the 7°/^ cumulative prefer as hitherto, a commission brokerage business in investment
ence shares (par value $50 each), which “ are quoted in the securities.
market at about $38 to $39 per share, at this price the return
— McCluney <fc Company, St. Louis, note brokers, have
to the investor being about 9 % / ’ say:
opened an office in Chicago at 420 Home Insurance Building,
No. 205 La Salle Street, to deal in high-grade commercial
T h e preferred s to c k o u ts ta n d in g Is, In ro u n d n u m b e r s . $ 2 4 ,0 0 0 ,0 0 0 ,
a n d w e are c o n lid e n t that the assets ag g re g a te n o less th a n tw ice this
paper. James McCluney, resident partner, will be man:' g r
a m ou n t.
W e estim a te th a t w ith 12 c e n ts a p o u n d fo r c o p p e r a n d 60 ce n ts
of the office.
an o u n c e fo r s ilv er, a n d o p e r a tin g u n d e r n o r m a l c o n d itio n s , the c o m p a n y
ca n In the y e a r 1908 m ak e a p r o fit su ffic ie n t to c o v e r the d iv id e n d r e q u ire
— A new edition of the “ Blue Book” of Columbus secu im en ts o f the preferred s t o c k , a n d b e y o n d th a t p r o v id e a su rplu s o f som e
th in g like $6 o r $8 a share o n th e c o m m o n s t o c k .— V . 8 5 , p . 534. 440 .
ties has been issued by Caleb L. McKee & Co., Wyandotte
United States Steel Corporation.— Purehase.—See National Building, Columbus, Ohio. The book contains financial
statistics of corporations traded in in the Columbus market.
Steel & Wire Corporate*
— V. 85, p. 734, 415.
868
THE CHRONICLE.
Ivjeptrrts a n d
[V o l .
lxxxv
.
ip o tu r a e u te
THE COLORADO & SOUTHERN RAILW AY COMPANY.
EIGHTH ANNUAL REPO R T— FOR THE FISCAL YEA R ENDED JUNE 30 1907.
New York, October 1st 1907.
To the Stockholders:
The Board of Directors herewith submit their report for
the fiscal year ended June 30th 1907.
This Report combines for convenience the operations and
affairs of the following operating lines which are herein
designated by the term “ Colorado & Southern Lines” :
T h e C o lo r a d o & S ou th e rn R a ilw a y C o m p a n y . . _______________ 1,1 5 4 .3 6 m iles
T h e C o lo r a d o S p rin gs & C r ip p le C re e k D ls tr lc t R a ilw a y C o m
p a n y , o p e ra tin g sep a ra te ly in C o lo r a d o , j ____________________
74 .7 7
“
F o r t W o r t h & D e n v e r C ity R a ilw a y C o m p a n y , o p e r a tin g se p
a r a te ly in T e x a s _______________________________________________ 4 5 4 .1 4 “
W ic h it a V a lle y L ines (fr o m J a n u a ry 1st 1907) o p e r a tin g s e p
a ra te ly in T e x a s ____________ ___________________________________ 174 .40
The term “ Colorado & Southern Lines” indicates the lines
owned and operated by The Colorado & Southern Railway
Company, together with the lines whose capital stock is
owned wholly, or nearly so, by that Company, and is used
in distinction from lines in which The Colorado & Southern
Railway Company is interested, as follows:
T h e C o lo r a d o M id lan d R a ilw a y C o m p a n y , in w h ich T h e
C o lo r a d o & S ou th e rn R a ilw a y C o m p a n y has a b e n eficial
Interest in o n e -h a lf o f th e ca p ita l s t o c k , and w h ich o p era tes
sep a ra tely In C o l o r a d o ___________________ 1___________________
T h e T r in ity & B razos V a lle y R a ilw a y C o m p a n y , w h ic h o p
era ted sep a ra tely In T e x a s o n Ju n e 30th 1 9 0 7 ___ _________
A ll o f Its issued s to c k and b o n d s are p le d g e d u n d e r T h e
C o lo r a d o & S ou th ern R e fu n d in g an d E x te n sio n M o rtg a g e ,
b u t in its s to c k T h e R o c k Isla n d C o m p a n y has ta k e n a on eh a lf Interest, s u b je c t t o th e lien o f th e C o lo r a d o & S o u th e rn
M ortg a g es , a n d T h e C o lo r a d o & S o u th e rn R a ilw a y C o m
p a n y and T h e C h ica g o R o c k Isla n d & P a cific R a ilw a y
C o m p a n y h a v e agreed t o a d v a n c e t o T h e T r in ity & B razos
V a lle y R a ilw a y C o m p a n y a n y n ece ssa ry fu n d s n o t o t h e r
w ise p r o v id e d fo r .
T h e C h ica g o R o c k Irla n d & P a cific
R a ilw a y C o m p a n y has also a greed t o p a y fo r , o n M ay 1st
1935 (d a te o f m a tu r ity o f C o lo r a d o & S o u th e rn R e fu n d in g
& E x te n sio n M o r tg a g e ), o n e -h a lf o f th e First M ortg age
B on d s and o th e r securities o f T h e T r in ity & B ra zos V a lle y
R a ilw a y C o m p a n y .
W IC H IT A V A L L E Y
L IN E S .
Securities of these lines comprising:
T o t a l O p era ted M ileage Ju n e 3 0 th 1 9 0 7 ________ ___________ 1 ,8 5 7 .6 7
'
new line across Texas will be a great aid to the movement
of traffic in the State of Texas, and should very much facili
tate the export of products. The operated mileage of The
Trinity & Brazos Valley Railway Company from about
the date of this report will be 422 miles instead of 272 miles,
as on June 30th 1907.
In the Balance Sheet will be found amounts advanced
up to June 30th 1907 by The Colorado & Southern Railway
Company on account of Terminals at Houston and Galveston,
similar amounts having been advanced by the Rock Island
Lines.
T h e W ic h it a V a lle y R a ilw a y C o m p a n y ._________________________ _5 2 .2 0 m iles
W ic h it a F a lls & O k la h o m a R a ilw a y C o m p a n y __________________2 2 .8 0
W ic h it a V a lle y R a ilr o a d C o m p a n y ____________ ______ ___________ _60.70
A b ile n e & N o rth e r n R a ilw a y C o m p a n y _________________________ _38.70
T o t a l ____ . . . . .................................................................................. ........... 174 .4 0
“
were taken over on December 31st 1906, and, as previously
indicated, the results of their operations are included from
January 1st 1907.
336 .08 m iles
2 7 2 .0 7
FORT W ORTH
"
& D E N V E R T E R M IN A L R A IL W A Y .
Important expansion and improvements of this Terminal
at Fort Worth, Texas, were made during the year and are
still in progress. The amount advanced up to June 30th
1907 is shown in the Balance Sheet. The work already
entered upon will soon be finished.
B R A N C H E S IN C O L O R A D O .
In order to serve additional territory north of Denver,
branches aggregating 17.16 miles have been constructed
by The Fort Collins Development Railway Company and
R E F U N D IN G A N D E X T E N S IO N M O R T G A G E B O N D S.
19.46 miles by The Colorado Railroad Company. In addi
During the year Refunding and Extension Mortgage Bonds tion to this, a line to serve the important territory between
of your Company were issued to the amount o f . $8,149,884 77 Denver, on the one hand, and Boulder and adjacent coal
for the following purposes:
mining camps, on the other hand, aggregating 17.75 miles,
T h e T r in ity & B ra zos V a lle y R a ilw a y C o m
to permit the operation of 44 miles by electricity for frequent
p a n y s e c u r it ie s ________________________________ $ 4 ,8 8 3 ,9 4 4 87
passenger service, is under construction by The Denver &
T h e W ich ita V a lle y R a ilw a y C o m p a n y secu ri
ties _____________________________________________
769 ,0 8 2 89
Interurban Railroad Company, and it is expected will be in
W ich ita Falls & O k la h om a R a ilw a y C o m p a n y
operation by next spring. The last mentioned Company
s e c u r it ie s _______________________________________
270 ,4 1 6 67
W ic h it a V a lle y R a ilro a d C o m p a n y s e c u r it ie s ..
5 3 9 ,6 5 6 31
is also constructing a passenger line in Fort Collins, Colorado,
A b ile n e & N orth ern R a ilw a y C o m p a n y secu ri
to be operated by electricity, which it is expected will be in
ties _■____________________________________________
316 ,2 0 3 29
F o r t W o r th & D e n v e r C ity R a ilw a y C o m p a n y
operation by December of this year.
s e c u r it ie s _______________________________________
130,871 99
Advances made to June 30th 1907 on account of all of
B e t t e r m e n t s _____________________________________ 1 ,0 2 3 ,2 2 0 00
G en eral C o rp ora te p u r p o s e s ____________________
216 ,4 8 8 75 $ 8 ,1 4 9 ,8 8 4 77
these enterprises will be found in the Balance Sheet.
T R IN IT Y
& BRAZOS V A LL E Y
NEW
R A IL W A Y .
This line, mention of which was made in last Annual Re
port, and which is to connect Colorado & Southern Lines
with tidewater at Galveston, Texas, commenced operation
of trains from Fort Worth through to Houston on February
10th 1907 and from Dallas through to Houston on July 1st
1907. The arrangement made with Rock Island-Frisco
Lines was also mentioned in last Annual Report, and in
expectation of a large traffic over this shortest line between
Fort Worth and Galveston, and between Dallas and Galves
ton,'construction work is still being carried on with a view
to amply preparing the line for efficient handling of its
business.
At Fort Worth the Terminals of The Fort Worth & Denver
Terminal Railway Company are used; at Dallas temporary
arrangements have been made with The St. Louis & South
western Railway; at Houston temporary arrangements have
been made for the use of the Terminals of The Gulf Colorado
& Santa Fe Railway Company, supplementing the Terminal
facilities of The Houston Belt & Terminal Railway Company,
now in course of construction, in the organization and con
trol of which last mentioned Company The Trinity & Brazos
Valley Railway Company is jointly interested with the
Santa Fe Lines, the Frisco Lines and The St. Louis Browns
ville & Mexico Railway Company.
At Galveston superior terminals are being constructed by
The Galveston Terminal Railway Company, which has been
organized and is controlled by The Trinity & Brazos Valley
Railway Company. This construction is sufficiently' ad
vanced so that running of trains into Galveston (over 53
miles of Gulf Colorado & Santa Fe Railway, under trackage
contract) may be inaugurated about the time of the appear
ance of this report, and it is expected that the authorized
Terminal Construction at Galveston will be completed this
fall. These new terminals at Galveston, together with this
E Q U IP M E N T .
During the year New Equipment was received from the
builders as follows:
38
10
9
1,1 2 0
24
F re ig h t L o c o m o t iv e s
S w itch in g L o c o m o t iv e s
P a ssen ger L o c o m o tiv e s
F reigh t T ra in Cars
P a ssen ger T ra in Cars
150 B a llast Cars
1 W r e c k in g Crane
1 B a llast U n lo a d e r
2 B a llast P lo w s
and on June 30th 1907 Equipment contracted for but not
then delivered was as follows:
15 F re ig h t L o c o m o t iv e s
4 P a ssen g er L o c o m o t iv e s
1,156 F reigh t T rain Cars
2
P a ssen g er T ra in Cars
150 B a lla st Cars
A full analysis of “ New Equipment” Account and a de
scription of “ Equipment” obligations are presented by the
General Auditor on pages 28 and 29 of pamphlet report.
RESU LTS FO R TH E Y E A R .
G ross E a rn in g s w e re ____________________________________________ $ 1 3 ,4 5 6 ,4 8 9 14
(In crea se 5 1 ,8 0 3 ,0 4 3 45 o r 1 5 .4 7 % .)
O p era tin g E x p en ses w e re _______________________________________
9 ,2 4 6 ,9 1 8 63
(In crea se 5 1 ,3 4 4 ,7 0 6 73 o r 1 7 .0 2 % .)
-------------------------N et E a rn in g s w e re ------------------------------------------------------------------------ 4 ,2 0 9 ,5 7 0 51
(In crea se 54 5 8 ,3 3 6 72 o r 1 2 .2 2 % .)
T a x e s w e re ..................- ................................. ................................................
335 ,1 9 5 73
N e t E a rn in g s, T a x e s d e d u c t e d , w e re .............................................. $ 3 ,8 7 4 ,3 7 4 78
M iscella n eou s I n c o m e w a s ----------------------------------------------------------111,082 12
In co m e fo r th e y e a r w a s ............. ............................................................ $ 3 ,9 8 5 ,4 5 6 90
(In crea se 538 9 ,0 4 3 80 o r 1 0 .8 2 % .)
In terest o n B o n d s a m o u n te d t o .................... .$ 1 ,8 1 5 ,2 6 7 25
P a y m e n t b y F o rt W o r t h & D e n v e r C ity R a il
w a y C o m p a n y u n d e r " S t a m p e d ” s to c k agree
m en t o f O c t o b e r 12th 18 9 5 ____________ ______
9,3 5 7 68
In terest o n E q u ip m e n t B o n d s an d o n d eferred
e q u ip m e n t ren tal p a y m e n t s . . . .........................
5 1 ,9 9 4 11
In te r e s t o n o t h e r o b l i g a t i o n s . . . . . . . ..................
16,9 8 0 11
1 .8 9 3 ,5 9 9 15
L e a v in g N et In co m e fo r th e y e a r _________________ _______ $ 2 ,0 9 1 ,8 5 7 75
(In cre a se $ 3 2 5 ,6 4 » 7 2 o r 1 8 .4 4 % .)
= = = = =
869
THE CHRONICLE.
O ct . 5 1907.]
amateurish in comparison with that of older countries, in
that it has been hasty and restrictive only, and not also con
structive, as it ought to be if the welfare of all the people is
to be promoted by those who are entrusted with public
I n F re ig h t T r a f f ic _________________________________________________ $ 1 ,1 3 1 ,4 3 4 71
(In cre a se 1 3 .1 7 % .)
office and by semi-public officials and employes? Has not
In P a ssen ger T r a f f i c _____________________________________________
5 76 ,165 98
much legislation by the States been enacted with no view
(In cre a se 2 1 .9 0 % .)
In E x p re ss, M all an d M isce lla n e o u s____________________________
101 ,442 76
whatever to aiding the railroads in solving the great problems
(In crea se 2 2 .1 9 % .)
which confront them, and will such legislation, in the quiet
.$ 1 ,8 0 3 ,0 4 3 45
T o ta l In cre a se ________
hour, seem excusable from any point of view; particularly
(In crea se 1 5 .4 7 % .)
that which may be found, after painful processes, to be
EXPENSES.
actually invalid?
The increase in Expenses is accounted for as follows:
Figures are sometimes dull reading; sometimes they are
I n M a in ten a n ce o f W a y a n d S tr u c tu r e s ________________________
$26 7 ,3 1 9 24
illuminating. Perhaps the following will serve to illustrate
(In cre a s e 1 3 .6 4 % .)
the part performed by your Company the past year in, its
I n M a in ten a n ce o f E q u ip m e n t _______________________________. . .
2 49 ,889 73
(In crea se 1 6 .4 4 % .)
capacity as a public servant:
I n C o n d u c tin g T r a n s p o r t a t io n ___ __________ _____________________
7 8 7 ,6 4 8 10
The number of passengers carried was 2,801,699, at an
(In cre a se 1 9 .5 9 % .)
average rate of 2.44 cents per mile— a trifle more than a
In G eneral E x p e n s e s_____________________ _______________________
3 9 ,849 66
(In crea se 9 . 8 9 % .)
two-cent postage stamp— and this partly in a section where
physical operations are most difficult and where wages are
T o t a l I n c r e a s e _______________________________ ___________________ 5 1 .3 4 4 ,7 0 6 73
(In crea se 1 7 .0 2 % .)
probably the highest in the world. Compare this, for e x
The percentage of gross earnings required for operating ample, with England and Wales, with an area of 58,000
expenses was 68.71 as compared with 67.81 in the previous square miles (about one-half of Colorado or about one-fifth
year, and the proportion of income required for interest was of Texas), where the number of passengers carried is more
47.51% as compared with 50.89% in the previous year.
than in the whole 3,025,000 square miles of the United States.
In England, with much lower wages, the regular third-class
F IN A N C IA L P O S IT IO N .
rate is a penny (two cents) per mile, and first-class passengers
T h e excess o f C u rrent A sse ts o v e r A c c r u e d L ia b ilitie s o n Jun e
(only three per cent of the total) pay over three cents. The
30 1907 w a s ____________________________________________________,$ 1 ,1 5 2 ,1 9 9 09
O f th e M ortg a g e B o n d s t h e r e to fo r e is su e d , y o u r C o m p a n y
railway mileage of Great Britain is about one-tenth of that
o w n e d , on Jun e 30 1907:
of the United States, but it carries nearly one-half as much
F irs t M ortg a g e B o n d s o f T h e C o lo r a d o &
S ou th ern R a ilw a y C o m p a n y , issued fo r
capitalization.
Im p r o v e m e n ts t h e r e to fo r e m a d e , t o th e
The number of tons of freight carried by your Company
p ar v a lu e o f _________________________________ $30 0 ,0 0 0 00
R e fu n d in g and E x te n s io n B o n d s , Issued fo r
during the year was 7,090,901, at an average cost to the
I m p r o v e m e n ts an d B e tte rm e n ts t h e r e to
shipper of 1.05 cents per mile— two thousand pounds carried
fo re m a d e , an d o n a c c o u n t o f c o s t o f secu ri
ties o f W ic h it a V a lle y R a ilr o a d an d A b i
one mile for about the equivalent of a one-cent postage stamp.
lene & N orth ern R a ilw a y , t o th e p a r va lu e
You distributed during the year:
o f ............... .................. ............................................. .1 ,4 1 3 ,8 0 3 51
T R A F F IC .
The increase in Gross Earnings above mentioned is ac
counted for as follows:
Sin ce Ju n e 30 1907 a d d itio n a l R e fu n d in g and
E x te n sio n B on d s h a ve been d ra w n for
G eneral C orp ora te P u rp oses and p la ced In
y o u r trea su ry as a free a sset, t o th e p a r
v a lu e o f ................................ ................................... 781 ,010 57 2 ,4 9 4 ,8 1 4 08
In a d d it io n t o th e a b o v e b o n d s , y o u r C o m p a n y h ad d ra w n , o n
Ju n e 30 190 7, R e fu n d in g and E x te n sio n B o n d s held t o be
a p p ro p r ia te d fo r I m p r o v e m e n ts an d B e tte rm e n ts , t o th e
$ 4 6 5,35 8 98
p a r v a lu e o f _____________________________________________________
C o n stru ctio n a d v a n ce s d e scrib e d in th e B a la n ce S h eet, fo r
w h ich a d d itio n a l secu rities can u ltim a te ly b e issu ed,
a m o u n t t o ____________ __________________________________ ______ .$ 1 ,3 7 3 ,3 0 4 99
In order to facilitate the carrying of the temporary ad
vances above referred to. Bills Payable were created during
the year amounting on June 30 1907 to $1,140,185 30.
Your Company has issued no obligations of this character
except for the purpose just referred to.
SU RPLU S ACCOUNT.
T h e Surplus on " C o lo r a d o & S ou th ern L in e s ” f o r t w o years
en d e d Ju n e 30 1907 a m o u n te d t o ____________________________ $ 3 ,8 5 8 ,0 6 9 78
O u t o f w h ich D iv id e n d s w ere paid as fo llo w s:
O n C o lo ra d o & S ou th ern F irst P referred S t o c k .
_____
$ 5 1 0,00 0 00
O n C o lo r a d o & S ou th ern S e co n d P re fe rre d S t o c k _______
170 ,000 00
$6 8 0,00 0 00
T h e Surplus o f T h e C o lo r a d o & S ou th ern R a ilw a y C o m p a n y ,
fro m th e tim e It co m m e n ce d o p e r a tio n s , J a n u a ry 1 1899,
t o Ju n e 30 190 7, in c lu s iv e , a m o u n te d t o ____________________ $5 ,4 2 7 ,7 6 4 31
O u t o f w h ich D iv id e n d s w ere p a id as fo llo w s :
O n C o lo r a d o & S ou th ern F irst P r e fe r ie d S t o c k _________ $ 1 ,7 8 5 ,0 0 0 00
O n C o lo r a d o & S o u th e rn S e co n d P re fe rre d S t o c k _______
170 ,000 00
$1 .9 5 5 ,0 0 0 00
T h e Surplus on “ C o lo r a d o & S ou th ern L in e s ” t o Ju n e 30 1907
a m o u n te d t o __________________________________________________ ..$ 8 ,0 3 3 ,3 7 3 00
O u t o f w h ic h th ere w as w ritte n oft fo r D isco u n t on B o n d s
s o ld , I m p r o v e m e n ts , B e tte rm e n ts , U n c o lle c tib le A c
c o u n ts , e t c .. $ 1 ,3 7 9 ,1 0 5 38. and D iv id e n d s h a ve been
p aid b y T h e C o lo r a d o & S o u th e rn R a ilw a y C o m p a n y
a m o u n tin g , as a b o v e d e s c r ib e d , t o _______________________ 1 ,9 5 5 ,0 0 0 00
In each case the Profit not distributed to shareholders was
devoted to improving the physical and other assets of your
company and its auxiliary lines: and the contemporaneous
effect has, of course, been to furnish the public more and
more facilities from year to year.
P U B L IC S E R V IC E .
Railway Companies have for years in their reports led all
corporations in the matter of publicity, and in an Annual
Report like this some allusion to your Company’s attitude
toward current economic discussions may properly be in
cluded. Much has been said of late concerning the short
comings of corporations. It is doubtless true that theyhave not been infallible; but have they in that respect been
in complete isolation? If one looks at the vast field served
by Railway Corporations and the greatly diversified inter
ests they have to satisfy and contend with, and the army of
over one and one-half million employees, which, like all
armies, must have efficient leaders and thorough discipline
if safety and success are to be achieved: and if one considers
that the development of the country and its business growth
have been so rapid that it has been impossible for other
industries to keep pace with it, is it not remarkable that the
railroads are meeting, as well as they are, the demands made
upon them without a substantial increase in rates, particu
larly as the cost of everything which goes into the construc
tion, improvement, maintenance and operation of railroads
has enormously increased? Within the past year a multi
tude of laws have been enacted with a view to the regulation
of railway companies. In view of the valuable and farxeaching public seivices that must be performed by them,
•n ay it not be true that much of such legislation has been
F o r la b o r an d m aterial e m p lo y e d in p r o d u c t lv e o p e ra tio n s o v e r _____________________ $ 9 ,0 0 0 ,0 0 0
(A n increase o v e r p re v io u s y e a r o f m o re
th an $ 1 ,3 0 0 ,0 0 0 00.)
F o r T a x e s o v e r ________ _________________. . . . .
335 ,0 0 0
F o r Im p ro v e m e n ts an d N ew E q u ip m e n t o v e r 4 ,4 0 0 ,0 0 0
F o r N ew C o n stru ctio n o v e r ............... ................... 6 ,6 0 0 ,0 0 0
00
j i
,j
•!> j
00
00
00 $ 2 0 ,3 3 5 ,0 0 0 00
T o In v e s to rs fo r In te r e s t, a little less t h a n __________________
T o In v e sto rs fo r D iv i d e n d s . _____ ______ ______________________
2 ,0 0 0 ,0 0 0 00
5 1 0 ,0 0 0 00
Doubtless two-thirds or more of the payments for Material
and for Improvements, New Equipment and Construction
went to labor in one form or another.
Legislation affecting the vast transportation necessities
and interests of a unified country should, like that of older
countries, protect as well as supervise; for duty is reciprocal
and is not bounded by State lines. As a Federal judge has
recently pointed out. legislation by one State may have the
effect of subjecting an adjoining State to discriminations.
Conflicting legislation by the States results in chaos; and it
has already come to pass that the ensuing impairment to
credit has not only retarded development in such States,
but legitimate aspirations for development in other States,
which are as truly part of a united country, have been, so
far as can now be seen, idenfinitely postponed.
The fact that recent national legislation is being carried
out practically and harmoniously by the Government and
the roads will doubtless result in relieving friction and afford
a better understanding of the motives and work of the rail
roads, and the necessity, from the standpoint of public wel
fare (to say nothing of that of private investors, whose con
fidence must be retained) of not crippling an industry which
is endeavoring to serve the interwoven needs and productive
power of a population which will soon number one hundred
millions of souls.
Your “ corporation” is identified with the citizens and
business interests of Colorado, Wyoming and New Mexico,
and is sponsor, by use of its general credit, for important
lines in Texas, which have brought closer together the
people of those great sections, in which development is
simply well begun. Your lines have, without exclusive
privileges and without subsidies or guaranties from the
State, brought the “ Pike’s Peak” region as near to tidewater
as Chicago is, and in doing this have at the same time assisted
greatly in increasing the importance of Galveston, Texas.
Surely your Company occupies a place in the life of the
nation, and your Directors, recognizing a dual trusteeship,
desire that all your patrons may prosper, that your employees
may be steadily engaged , and that your profits may increase
so that ability to perform public functions may be continu
ally augmented, as it ought to be, and so that if through a
rest cure or otherwise general financial conditions in America
again improve, your Company’s sphere of influence may
seem to Capital and to Enterprise an inviting field for further
expansion.
Statements, both financial and statistical, presented by
the General Auditor, exhibit fully operations for the year,
and the accounts have been verified by Messrs. Deloitte,
Plender, Griffiths & Company, whose certificate appears
below.
^ Acknowledgment is made with pleasure to Officers and
Employees for faithful service rendered.
By Order of the Board of Directors,
FRANK TRUMBULL,
President.
GRENVILLE M. DODGE,
Chairman.
870
THE CHRONICLE.
D O L O I T T E , P L E N D E R , G R IF F IT H S & CO .
Accountants and Auditors
49 Wall Street
New York, September 30th 1907.
General Grenville M . Dodge, Chairman of the Board of Directors
of The Colorado & Southern Railway Company, Neiv
York City.
Dear Sir:— We have made an examination of the books
and accounts of The Colorado & Southern Railway Com
pany, Fort Worth & Denver City Railway Company, The
Colorado Springs & Cripple Creek District Railway Company
and The Wichita Valley Railway Company, comprising the
Colorado & Southern Lines, for the year ended June 30th
1907, and certify that the attached Balance Sheet and ac
companying Statements of Income and Profit & Loss Ac
counts correctly set forth the financial position of the Com
pany as at June 30th 1907 and the result of operating the
lines for the year ended that date.
We have examined the charges for Improvements during
the period which, in our opinion, are proper.
The Securities owned and on hand have been produced
to us and certificates obtained relative to those pledged or
assigned as collateral, and the cash items have been duly
verified.
Yours truly,
D O L O IT T E . P L E N D E R . G R IF F IT H S
& CO.
E A R N IN G S
A N D E X P E N S E S F O R T H E F IS C A L Y E A R S E N D E D
J U N E 30 1907 A N D J U N E SO
1906.
P ercen t
P erC en t
o f Total
o f Total
E a rn in a s—
T his Y ea r.
E a rn in g s. L a st Y ea r. E a m in o s
F r e i g h t . ................................ $ 9 ,7 2 3 .9 6 1 77
7 2 .2 6
$ 8 ,5 9 2 .5 2 7 06
7 3 .7 3
P a s s e n g e r ____ ___________
3 ,1 7 3 ,8 5 6 89
23 .5 9
2 ,6 0 3 ,6 9 0 91
22.35
E x p r e ss , m all a n d m is
c e ll a n e o u s _____________
5 5 8 ,6 7 0 48
4 .1 5
457 ,227 72
3.92
T o t a l ea rn in g s .................$ 1 3 ,4 5 6 ,4 8 9
E x p en se s —
M ain ten an ce o f W a y and
S t r u c t u r e s _______________ $ 2 ,2 2 6 ,5 0 3
M a in ten a n ce o f e q u l p 't - 1 ,769,802
C o n d u c t in g t r a n s p o r t 'n - 4 ,8 0 7 ,6 3 0
G en eral e x p e n s e s ________
442,981
14
1 0 0 .0 0
$ 1 1 ,6 5 3 ,4 4 5 69
100 .00
61
89
31
82
16 .5 4
13.15
35.7 3
3 .2 9
$ 1 ,9 5 9 ,1 8 4 37
1 ,5 1 9 ,9 1 3 16
4 ,0 1 9 ,9 8 2 21
4 03 ,132 16
16.81
13.04
34 .5 0
3.46
T o t a l e x p e n s e s ________ $ 9 ,2 4 6 ,9 1 8 63
N e t e a r n in g s _______ ______ $ 4 .2 * 9 ,5 7 0 51
T a x e s ____________ _______
3 35 ,195 73
68.71
3 1 .2 9
2 .4 9
$7,9 0 2 ,2 1 1 90
$ 3 ,7 5 1 ,2 3 3 79
312 ,0 9 4 95
67.81
32.19
2.68
N e t ea rn in g s, t a x e s , d e
d u c t e d ................- .............. $ 3 ,8 7 4 ,3 7 4 78
A v e ra g e m iles o p e r a t e d . .
1 ,8 5 7 .6 7
28 .8 0
$ 3 ,4 3 9 ,1 3 8 84
1 ,6 6 3 .1 2
29.51
|V o l .
lxxxv
S T A T E M E N T O F IN C O M E A C C O U N T F O R T H E F I S C A L
E N D E D J U N E 30 1907.
G ross e a rn in g s _______________________
$ 1 3 ,4 5 6 ,4 8 9 14
9 ,2 4 6 ,9 1 8 63
O p e ra tin g e x p e n s e s ________________
N e t e a rn in g s _____________________
T a x e s _________ _________ ___ ______ _
.
YEAR
$ 4 ,2 0 9 ,5 7 0 51
335 ,1 9 5 73
N e t ea rn in gs, ta x e s d e d u c t e d i ...
$ 3 ,8 7 4 ,3 7 4 78
Add—
In c o m e fro m in v e s tm e n ts __________$ 27 ,895 78
In te r e s t, d is c o u n t an d e x c h a n g e ..
8 0 ,7 4 3 28
In su ra n ce c o m m is s io n s ____________
2,4 4 3 06
111,082 12
$ 3 ,9 8 5 ,4 5 6 9<J
T o t a l ....................................... ..............
L ess—
I n t e r e s t . o n F irst M o rtg a g e 4 %
B o n d s C . & S . R y . C o .................... $76 4,08 3 34
In te re st o n R e fu n d in g a n d E x t e n
sion M o rtg a g e 4 J ^ %
B on ds,
C. & S . R y . C o ___________________ 391 ,205 50
In te re st o n First M o rtg a g e 5 %
B o n d s , C . S. & C. C . D . R y . C o .
89,589 31
In te re st o n S e c o n d M o rtg a g e 5 %
B o n d s , C. S. & C. C . D . R y . C o .
11,179 10
I n te re s t o n F irst C o n s o lid a te d 5 %
B o n d s , C . S. & C . C . D . R y . C o .
6 8 ,950 00
In te re st o n F irst M o rtg a g e 6 %
B o n d s , F . W . & D . C. R y . C o . . . 4 9 0 ,2 6 0 00
P aym en t b y F . W . & D . C. R y . C o.
u n d e r " S t a m p e d S t o c k ” a gree
9,357 68
m en t o f O c to b e r 12 18 9 5 ________
F isca l Y e a r 's P r o p o r t io n o f In te re st
on E q u ip m e n t B o n d s ____________
11,099 72
F isca l Y e a r ’ s P r o p o r tio n o f In terest
o n de fe rre d R e n ta ls u n d e r E q u ip
m e n t L e a s e s ____________________ _ 40,8 9 4 39
In te re st o n O th e r O b lig a t io n s ______
1 6 ,9 8 0 11
1 ,6 0 3 ,5 9 0 15
N e t C red it t o I n c o m e f o r th e F iscal
Y e a r E n d e d Ju n e 30 1 9 0 7_______
B a lan ce t o C redit o f P ro fit and
L oss Jun e 30 1906 ...........................
' A dd—
S u rplu s sh ow n a t tim e o f acqu tslt lo n b y lines a d d e d t o S ystem
d u r in g th e y e a r th ro u g h C o n tro l
o f S e cu ritie s ..........................................
$ 2 ,0 9 1 ,8 0 7 75
' w
$3,2 4 6 ,2 9 1 00
t
?
124 ,2 8 8 0 «
$ 3 ,3 7 0 ,5 7 9 13
D iv id e n d s P a id o n —
F irst P re fe rre d S to c k C . 4 S . R y .
C o ., D iv id e n d N u m b e r T e n ,
p a y a b le O c to b e r 1 1 9 0 6 _______ $17 0 ,0 0 0
F irst P referred S to c k C . & S . R y .
C o ., D iv id e n d N u m b e r E le v e n ,
p a y a b le A p ril 1 1 9 0 7 . . ............. 170 ,000
S e c o n d P referred S to c k C. & S.
R y .’ C o ., D iv id e n d N u m b e r
O n e , p a y a b le A p r il 1 1 9 0 7 ____ 170 ,000
A m o u n t w ritte n o ff o n a c c o u n t o f
D is c o u n t o n B o n d s w h ich h ave
be e n s o l d _________________________ 2 50 ,000
U n e o lle c tlb le a c c o u n t s , e t c _______
3,1 6 9
00
00
00
00
26
7 6 3 ,1 6 0 2U 2 ,6 0 7 .4 0 0 87
S u rp lu s C arried to P ro fit and
L o s s ..................................................
*4 ,6 0 0 ,2 6 7 62
B A L A N C E S H E E T J U N E 30 1 9 0 7 .
ASSETS'
C ost o f R o a d an d E q u ip m e n t, In
elu d in g D isc o u n t o n S ecurlltes
n o t y e t w ritte n o f f --------------------I m p ro v e m e n ts __________________ . N e w E q u ip m e n t --------------------------C u rren t A s s e ts —
C a s h ____ - - - - - _____ ____________. -$ 1 ,6 8 3 ,0 1 6
Cash w ith T ru stees t o p a y C ou
p on s an d D iv id e n d s -________ 111 ,317
In d iv id u a ls and C o m p a n ie s --------575 ,7 5 2
A g e n ts an d C o n d u c to rs -----------, ,
301 ,294
U n ited S tates G o v e rn m e n t--------3 0 ,2 8 7
F oreig n R o a d s T r a ffic B a la n ce s 112 ,026
B ills R e c e iv a b le
_____________
2 7 ,520
In su ra n ce p a id in A d v a n c e - —
13,984
S ta te an d C o u n ty W a r r a n ts --------17,037
$ 8 1 ,8 2 4 ,5 9 0 50
2 ,0 5 7 ,0 9 2 14
8 ,9 0 0 ,6 7 1 40
81
26
59
44
90
73
00
76
51
------ - 2 ,8 7 2 ,2 3 8
M a terials an d S u p p li e s ..
-----------
First M ortg a g e B o n d s o f T h e C o l
o r a d o & S ou th ern R a ilw a y C o .,
In T re a su ry , p ar v a lu e --------R e fu n d in g an d E x te n sio n M o rt
g a g e B on d s o f T h e C c lo r a d o Sc
S ou th ern
R a ilw a y
C o .,
in
T re a s u ry , p ar v a l u ............ ..
00
1 ,3 7 8 ,7 4 1 02
4 ,2 5 0 ,9 7 9 02
$3 0 0 ,0 0 0 00
1 .4 1 3 ,8 0 3 SI
1 ,7 1 3 ,8 0 3 51
R e fu n d in g an d E x te n sio n M o rt
gage B on d s o f T h e C o lo r a d o &
S ou th ern R a ilw a y C o .. h f ld t o
be a p p ro p r ia te d fo r I m p r o v e
m ents and B e tte r m e n ts ----------C on stru ction A d v a n ces-—
A c c o u n t F o r t C ollin s D e v e lo p
m en t R y ------------------------------------A c c o u n t C o lo ra d o R R -------------A c c o u n t D e n v e r & I n te ru rb a n
R R __________________
____
A c c o u n t W a lse n b u r g & W estern
R R _____________
____________
A c c o u n t W ic h ita F a lls & O k la
h om a R y ----------------------------------A c c o u n t W ich ita V a lle y R R ------A c c o u n t A b ile n e & N orth ern R y .
A c c o u n t F o rt W o r th Sc D e n v e r
T erm in a l R y ----------------------------A c c o u n t D a lla s T e rm in a ls ----------A c c o u n t T r in ity & B ra zos V a lle y
R y ----------------------------------------------A c c o u n t H o u sto n B elt St T e r m i
n al R y ----------------------------------Aex-ount G a lv e sto n T erm in a l R y .
S p ecia l F u n d s —
Cash In han ds o f T reasu rer re
c e iv e d In p a y m e n t o f P ro p e rty
h e ld u n d er First M ortg age T h e
C o lo ra d o Sc S ou th ern R a ilw a y
Co
___________________________
(.'ash in han ds o f T ru stee a p p lic a
ble t o re d e m p tio n o f T h e C olo
ra d o Springs & C rip p le Creek
D istrict R a ilw a y C o .’s First
M ortg a ge B o n d s .......... .............. ..
465 ,358 98
$ 49 ,513 73
172 ,2 2 5 81
2 5 3 ,5 6 7 07
7 ,5 9 6 25
9 ,7 0 3 53
188,575 29
31,191 21
189,9 9 2 50
126 ,626 07
36,488 15
1 97 ,808 72
110,516 66
1 ,3 7 3 ,3 0 4 99
$40 ,044 94
048 2.5
$40,988 17
O ther A ssets—
S ecu rities o f O th e r
C o m p a n ie s
1 0 ,211,347 43
$ 1 1 0 ,8 3 8 ,1 3 6 16
L IA B IL IT IE S .
CajH tal S tock■—
First P r e fe r re d , T h e C o l o r a d o " *
S o u th e rn R a ilw a y C o _________
$ 8 ,5 0 0 ,0 0 0 00
S e c o n d P re fe r re d , T h e C o lo r a d o
& S o u th e rn R a ilw a y C o .............
8 ,5 0 0 ,0 0 0 00
C o m m o n , T h e C o lo r a d o & S o u th R a ilw a y C o - ................................ $ 3 1 ,0 0 0 .0 0 0 00
C o m m o n , T h e C o lo r a d o Springs
Sc C rip p le Creek D is tr ic t R a il
w a y C o ......................................... ..
900 00
F o r t W o r th & D e n v e r C ity R a il
w a y C o . , In clu d in g $17 2,47 2 00
5 01 ,397 00
’ ■S tam ped’ ’ ____________________
T h e W ic h ita V a lle y R a ilw a y C o .
900 00
------------------------3 1 ,5 0 3 ,1 9 7 00
------------------------5 4 8 .0 0 3 ,1 9 7
F u n d ed D eb t—
First M o rtg a ge 4 % B o n d s , T h e
C o lo r a d o Sc S o u th e rn R a ilw a y
C o . . ............. - - - - - - - ........... ..
$ 1 9 ,4 0 2 ,0 0 0 00
R e fu n d in g and E x te n sio n 4 V* %
B o n d s , T h e C o lo r a d o & S o u th
ern R a ilw a y C o ____ ____________
1 9 ,5 2 1 ,9 1 6 90
F irst M o rtg a g e 5 % B o n d s , T h e
C o lo r a d o Springs Sc C rip p le
Creek D istrict R a ilw a y C o . .
1,7 7 5 ,0 0 0 00
S e c o n d M o rtg a g e 5 % B o n d s . T h e
C o lo r a d o Springs & C ripple
Creek D is trict R a ilw a y C o ____
2 1 9 ,0 0 0 00
First C o n s o lid a te d M o rtg a g e 5 %
B o n d s , T h e C o lo r a d o Springs
Sc C rip p le Creek D istrict R a il
w a y C o _________ _____________
1,3 7 9 ,0 0 0 00
F irst M ortg a g e 6 % B o n d s, F ort
W o r th & D e n v e r C ity Railw a.v
Co
8 ,1 7 1 ,0 0 0 00
------------ — -------. 5 0 .4 6 7 ,9 1 6
E q u ip m e n t B o n d s . Series “ A . "
T h e C o lo r a d o Sc S ou th ern Rail
w a y C o ______. . . _______________
$ 1 ,0 2 6 ,0 0 0 00
E q u ip m e n t L e a se , Series " A , ”
F o rt W o r th Sc D e n v e r C ity
R a ilw a y C o .. D eferred R e n ta ls
5 46 ,000 06
E q u ip m e n t L ea se, Series
F o rt W o r th Sc D e n v e r C ity
R a ilw a y C o ., D e ferred R e n ta ls
3 76 ,000 0#
E q u ip m e n t L ea se, ‘ 'P u llm a n ,”
F o rt W o r th <Sc D e n v e r C ity
R a ilw a y C o .. D eferred R e n ta ls
9 80 ,789 41
------- ------------ —
2 .0 « K ,7 8 »
B ills P a y a b le ............... .. .................. ..
t ,440.< 85
C u rren t L ia b ilities —
V o u ch e rs __________________- ______ .$802,946 88
P a y -R o lls _______ __________________
5 76 ,642 73
F oreign R o a d s — T r a ffic B a la n ce s
388.631 56
In te re st o n B o n d s d u e and u n p a id
92,9 2 4 76
D iv id e n d s d u e and u n p a id .,______
6,857 50
E m p lo y e e s ’ D e p o s its ------------------1,488 30
In su ra n ce C ell c t e d --------------------1,658 68
E q u ip m e n t R en ew a l R e s e r v e ___
309 ,9 9 2 18
R a il R e n e w a l R e s e r v e ___________
82,3 8 6 46
—•--------------------$ 2 ,2 6 3 ,0 4 9 GO
D eferred M o b ilitie s —
A c c iu e d T a x e s ----------------------- $27 9.34 2 29
A c c r u e d In terest n o t ye t d u e ___
538 ,1 1 7 82
K a li R e le a se d n o t r e la id _______ _
17,770 77
------ -— —
835, 230 8#
------- -— !---------- B a lan ce to C red it o f P ro fit and
L * s s - ................................................
v
3 . 7 7 9
90
9*
41
8*
93
4 ^ 8 9 .e s r 62
871
THE CHRONICLE.
O ot . 5 1907.]
3 $xje © t f m t a e r n a i
fim c ^
COMMERCIAL EPITOM E.
Friday Night, Oct. 4 1907.
Though reaction in the metal trade is noticeable on both
sides of the water, and there is some recession of business in
other branches, aggregate sales are still large. Prices as a
rule are pretty well sustained, and the feeling is cheerful.
S tocks o f M erch a n d ise.
Oct. 1
1907.
S ep t. 1
1907.
Oct. 1
1906.
5 860
L a rd ____________________________________ tierces
5.500
3,2 6 3
C o c o a ------------------------------------------------- ----------bags
11 365
3,7 5 4
10,400
C offee, B r a z il_____________________________ bags 3,5 2 6 798 J,507 ,624 >,795,973
C offee, J a v a ____________________ - _____ __ m ats
37 878
24,649
105 ,000
C offee, o t h e r _____________________________ bags
226 291
215 ,491
359 ,786
5 000
S u g a r ________________________________ h o g sh e a d s
4,800
n on e
56 969
S u g a r ------------------------------------------------- b a g s , & c.
95,305
4 5 5 ,8 6 4
42 500
H i d e s _______________________________________ N o .
4.5 0 0
7,500
C o t t o n ____________________________________ bales
163 335
90 ,435
173,410
R o s in ___________________________________ barrels
4 3 ,9 2 5
S pirits t u r p e n tin e ______________________ba rre ls
644
T a r _____________________________________ barrels
1,204
S a ltp e tre ________________________ * _______ bags
,500
1,856
M an ila h e m p _____________________________ bales
,077
25,5 0 0
21 ,166
Sisal h e m p ________________________________ bales
850
281
2,701
22,800
F lo u r _______________________ barrels an d sacks
750
58,900
LARD on the spot has ruled firm. Trade has continued
dull, the transactions being unusually small for this time of
the year. The firmness of prices is due largely to the strength
of the corn market. City 9c. and Western 9.20c. Refined
lard has been dull and generally steady. Refined Conti
nent 9.60c., South American 10.30c. and Brazil in kegs
11.60c. The speculation in lard futures at the West has
been fairly active, with prices irregular, the effect of the
strength in the grain markets being offset at times by liquida
tion. There has been good buying of January product.
D A I L Y C L O S IN G P R I C E S O F L A R D F U T U R E S I N C H IC A G O .
S a t.
M o n ..
T u es.
W ed ,
Th urs. F r i .
O cto b e r d e liv e r y .............9 . 0 7 J 4
9 .0 7 ^
8 .9 5
8 .9 2 H
8 .9 5
8 .8 7 ^
J a n u a ry d e liv e r y ________ 8 .8 5
8 .8 0
8 .7 7 >4 8 .7 0
8.72*4
8.7 2 M
M ay d e liv e r y ____________
____
____
____
8.87> £
- j .-.. 8.87>$
COTTON.
Friday Night, October 4 1907.
THE MOVEMENT OF THE CROP as indicated by ou r
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached*
215,948 bales, against 221,112 bales last week and 152,868'
bales the previous week, making the total receipts since
the 1st of September 1907, 730,123 bales, against 987,013
bales for the same period of 1906, showing a decrease since
Sept. 1 1907 of 256,890 bales.
R eceip ts at—
G a lv e sto n _ _ ___
P o r t A r t h u r ____
C o rp . C h ris tl,& c.
N e w O rle a n s ____
M o b ile __________
P e n s a c o l a _______
J a c k s o n v ille , & c.
S a v a n n a h ______.
B r u n s w i c k ______
C h a r le s t o n ______
G e o r g e t o w n ____
W i l m i n g t o n ____
N o rfo lk . _ _______
N ’ p o r t N ew s,& C N e w Y o r k _______
B o s t o n ___________
B a lt i m o r e _______
P h ila d e lp h ia ....
T o t a l th is w e e k .
S a t.
M on.
0,1 9 0
2,2 2 8
815
10,621
1,668
______
6,012
1,160
_____
______
.
31,694
5,248
T u es.
W ed .
1 3 ,975
7,1 4 8
T h u rs.
F ri.
T o ta l.
6,0 2 5
1 0 ,489
52,0 7 5
74
3,101
1,439
74
2 2 ,088
9 ,1 3 6
11,488
6,115
2,834
100
6 5 ,4 0 5
8 ,6 1 5
1 2 ,0 0 2
5,1 8 9
1 ,972
78
30,820
15,4 0 9
78
96
8,832
2,725
3,3 2 8
2,7 5 9
1,476
708
3,123
690
100
11,067
2,5 0 0
3,112
15,460
9,532
7,2 3 7
_
1,148
1,838
1,402
6,124
1,860
4 ,9 8 3
4,809
4,001
3,068
4,511
2,5 4 0
--------
.....
28
22
96
28
4 6 ,467
27,771
2 5,5 7 3
4 2 ,8 7 5 2 1 5 ,9 4 8
______
•___ _
4 1 ,5 6 8
5
17
The following shows the week’s total receipts, the total
since Sept. 1 1907, and the stocks to-night, compared with
last year:
1907.
R eceip ts to
O ctober 4 .
T h is
w eek.
G a lv e s t o n ________
P o r t A r t h u r . . . . ..
C o rp . C h risti, & c.
N ew O rle a n s..___
52,0 7 5
,
74
22,088
9,1 3 6
1906
S in ce S e p
1 1907.
T h is
w eek.
232 ,6 0 3 130 ,827
ii .
1,600
2,2 7 9
52,121 52,888
20,8 6 3
5,093
1,252
82
150
244 ,810 65,184
28 ,144
6,065
35,595
7,2 2 9
53
76,912 27 ,079
34,326 14,796
626
428
S to ck .
S in c e S e p
1 1906.
1907,
1906.
4 5 4 ,4 9 3
5 5 ,6 0 2
157 ,349
4 ,0 3 7
149,670
59,9 3 3
9 1 ,1 7 7
PORK on the spot has been firm, with trade fairly active
24,323
13,267
1 7,654
________
3,149
and offerings light. Mess $17 2 5 @ $ l8 , clear S16 50@$17 50 JPaecnkssaocnovlaille
; & c.
100
114
and family $18 50@$19. Beef has been firm with the de S a v a n n a h .............. 65,405
224 ,746
74,130
8 4 ,621
______
8,6 1 5
8,1 1 7
10,038
3,9 8 2
mand moderately active and offerings and stocks light. CB hr ua rnles ws toicnk_______
12,002
28 ,654
17,877
9,4 2 7
Mess' $10@$10 50, packet $11 50@$12, family $13 50@ G e o r g e t o w n ____
53
W i l m i n g t o n ____
30,820
5 4 ,213
2 0 ,3 1 6
20,0 1 6
$14 25 and extra India mess $21@$22. Cut meats have N
o r f o lk ___ _____ __ 15,409
33 ,285
20 ,133
14.991
beeh' 4U$et and steady; pickled shoulders 8c., pickled hams N ’p o r t N e w s , & c .
78
796
_
157 ,680
87 ,0 5 2
1 2 @ 1 2 ^ c. and pickled bellies, 14@10 lbs., 10J4@12^c% N ew Y o r k _______ _
to n . _______ __
22
16
238
39
2,7 3 9
2,0 4 9
Tallow has been dull and steady; City 6c. Stearines have BB oa sltim
o re ________
96
539
1,032
368
1.533
1,549
28
344
50
292
5,948
5,7 1 7
been quiet and steady; oleo 9c. and lard 10 % @ P h il a d e l p h i a ____
11c. Butter has been active and strong; creamery extras
T o t a l ___________ 215 ,948
7 3 0 ,1 2 3 3 12 ,4 3 7
9 87 ,013
4 3 9 ,1 9 6
4 9 5 ,5 8 4
30c. Cheese has been in increased demand and higher;
State, f. c., small, colored or white, fine, 15c. Eggs have
In order that comparison may be made with other years,
been quiet and easier; Western firsts 22@23c.
we give below the totals at leading ports for six seasons:
O IL.—Cottonseed has been active and easier; prime sum
mer yellow 52@53c., prime winter yellow 56c. Linseed has R eceip ts at—
1906.
1907.
1905.
190 4.
190 3.
1902.
advanced, owing to an increase in the demand. City, raw,
___
G
a
l
v
e
s
t
o
n
5
2,0
7
5
130
,827
127
,374
135
,302
104
.050
8 9 ,9 0 6
American seed, 46@47c., boiled 47@48c. and Calcutta, raw, P t . A r t h u r ,& c
74
1,016
2,2 7 9
3,148
1,118
2,162
70c. Lard has been fairly active and steady; prime 74@76c. N e w O rleans .
22,088
52,888
22,124
68.831
51,1 9 9
6 8 ,9 2 5
M
o
b
i
l
e
_______
9,136
5,093
14,385
12,693
9,544
9,861
and No. 1 extra 54@57c. Cocoanut has been moderately S a v a n n a h ___
65,184
85,405
8 1 ,240
8 8,291
69,880
55,0 5 9
active and firm with offerings light; Cochin 9 % @ 1 0 c. and B r u n s w ic k ___
3,615
6,065
2,486
5,0 7 3
5,261
4,6 8 6
C
h
a
r
le
s
to
n
,&
c
12,002
7,282
12,749
2 1 ,090
14,413
10,205
Ceylon 7 % @ 8 c. Peanut has been quiet and steady; yellow
W l lm ’n , & c - 27,079
26,634
30 ,820
25,920
25,375
2 8 ,5 9 2
65@80c. Olive in moderate demand and steady; yellow 75 N o r f o l k ______
14,796
4 2 ,6 4 2
16,409
39,739
2 6 ,259
19,661
78
428
198
93
143
463
@ 8 0c. and green 68@70c. Cod has been moderately active N ’ p o r t N .,& c .
A l l o t h e r s ____
246
516
16,427
927
259
6 ,6 8 0
and steady: domestic 40@42c. and Newfoundland 42@44c.
COFFEE on the spot has been in fair demand and steady; T o t a l th is w k . 2 15 ,948 312 ,437 346,561 4 01 ,721 3 07,501 296 ,200
Rio. No. 7, 6J^c. West India growths have been quiet and S in ce S e p t. 1 . 7 3 0 ,1 2 3 9 87 ,013 1 ,2 6 8 ,4 5 9 1 ,4 7 2 ,4 1 2 9 5 3 ,3 5 2 1 ,3 2 7 ,1 4 5
steady; fair to good Cucuta 8 % @ 9 % c . The speculation in
future contracts has been quiet and prices have fluctuated
The exports for the week ending this evening reach a total
within narrow limits. In the main the tendency of the mar of 211,178 bales, of which 76,353 were to Great Britain,
ket has been upward, however, owing to strong advices from 40,156 to France and 94,669 to the rest of the Continent.
Europe, light receipts at the Brazilian ports and covering of Below are the exports for the week and since Sept. 1.
shorts. There has been some foreign buying here.
The closing prices were as follows:
Week ending Oct. 4 1907. From Sept. 1 1907 to Oct. 4 1907.
O c t o b e r __________5 .9 5 c.
N o v e m b e r ______6 .0 5 c .
D e c e m b e r _______ 6 .1 5 c .
J a n u a r y __________6 .2 0 c .
F e b r u a r y ________ 6 .2 5 c .
M a r c h ___________ 6 .3 0 c .
A p r i l .......................6 .3 5 c.
M a y ______________6 .4 0 c .
J u n e ______________6 .4 5 c .
J u l y ______________6 .5 0 c .
A u g u s t ___________ 6 .5 0 c .
S e p te m b e r _______ 6 .5 5 c .
Exported to—
Exports
from—
Great
Conti
Britain. Fr'nce nent.
Exported to—
Total.
Great
Britain. France.
Conti
nent.
Total.
SUGAR.— Raw has been firm with some increase in trade. G a lv e sto n ____ 32,945 19,344 17,930 70,219 93,006 43,501 51,111 187,618
Centrifugal, 96-degrees test, 3.95c.; muscovado, 89-degrees Port Arthur__
test, 3.45c., and molasses, 89-degrees test, 3.10c. Refined Corp.Chrlstl.&c
New O rleans..
2,942 5,500 8,030 16,472
*3,192 5,500
’ 9 ,530
18‘,222
has been moderately active on withdrawal orders, but new M o b ile _____
2,000 4,251
6,251
2,000
4,251
6.251
802
450
1.252
business has been dull. Granulated 4.70@>4.80c. Teas have Fernandlna . _
been active and firm. Spices have been firm and fairly act Savannah ____ 7’,206 7", 996 30,146 45,347 12’,505 15,906 524 26 80,537
Brunswick____
8,829
8,829
8,829
7,162
15,991
ive . Hops have been quiet and firm.
....
..........
PETROLEUM has been firm with an active trade for Charleston____
W ilm ington__
29', 576 29,576
16,222
40,105
56,327
450
75
525
domestic and export account. Refined barrels 8.45c., bulk N o r fo lk ...........
Newport News
5c. and cases 10.90c. Gasoline has been active and firm; New
Y o r k ____ iV .6ro 1,665 8’ 973 21,708
41,227 3,365
34,584
79',170
21,061
86 degrees 21c. in 100-gallon drums. Naphtha has been B o s t o n ____
9,940
9,940
304
21,365
B a ltim o re .. . .
798 1,400
898
2,198
1,400
5,099
7,397
active and firm; 73@76 degrees 18c. in 100-gallon drums. Philadelphia
624
624
..
3,948
3,948
in ..
1
Spirits of turpentine has advanced to 5 6 ^ c. on an increased Portland, Me_.
1
Francisco.
volume of business. Rosin has been fairly active and San
Seattle ______
..........4
......... 4
steady; common to good strained $4.20.
T a c o m a ...........
14
32
::::
14
32
O re._
TOBACCO.— Domestic leaf fairly active and prices gen Portland
P m b ln a .........
erally firm. The new Wisconsin crop is said to be very D etroit.............. _____
good. Some rather liberal sales of Sumatra reported of late
T o t a l ........... 76,353 40,156 94,669 211,178 204,141 74,373 200,132 478,846
at high prices. Havana fairly active and firm.
COPPER has been quiet and easier; lake 14%c. and Total 1906____ 77,533 56,461 89,148 223,142 215,920 77,877 286,544 580,341
electrolytic 14J4@14J^c. Lead has been moderately active
and Steady at 4.65c. Spelter has been quiet and firm at
In addition to above exports, our telegrams to-night also
5.35@&.45c. Tin has been moderatefy active and easier; give us the following amounts of cotton on shipboard, not
Straits 34J^c. Iron has been easier and more active; No. 1 cleared, at the ports named. We add similar figures for
New York.
Northern $19 50@$20; No. 2 Southern $21 75@$22 25..
THE CHRONICLE.
The official quotation for middling upland cotton in the
New York market each day of the past week h°s been:
Sept. 28 to Oct. 4—
Sat.
Middling upland________________ 11.85
M on. T u es. W e d .
11.80
11.80
11.60
Th urs. Fri
11.55 11.65
NEW Y O R K QUOTATIONS FOR 32 YEARS.
1 9 0 7 .c ___ ..1 1 . 6 5
1906____ - .1 0 .6 5
1905 . . . . .. 1 0 . 4 0
1904____ . . . 1 0 . 3 0
19 0 3 ____ . . . 9.85
1902 ____ . . . 8 .9 4
1 9 0 1 ____ . . . 8.38
1 9 0 0 ____ . . . 10.88
1 8 99 .C ___ . .
1898. . . . .
1 8 9 7 _____ . .
1 8 9 6 _____ .
1 8 9 5 .. . . .
1 8 9 4 _____ . .
1 8 9 3 --. . . .
1892______ . .
7 .25 1 8 9 1 .c . .
..
8.62 1 8 8 3 .c .
5.38 1 8 9 0 ......... -_ 1 0 .3 8
6.62 1 8 8 9 ____ . .1 0 , 7 5
8 .3 8 1888 . . . . 10.31 1 8 8 0 ___
9.12 1 8 8 7 - .- - - 9.44
. 9.50
6.25 1 8 8 6 . .
8.25 1 8 8 5 - . . . . . 1 0 . 0 6
7 .8 8 1884____ . . . 1 0 .1 2 1876____
...1 0 .5 0
. . . 11.25
. . . 11.88
...1 1 .3 8
...1 0 .5 0
...1 1 .1 9
. . 10.94
M ARKET AND SALES AT NEW Y O R K .
S a tu r d a y ..
M o n d ay __
T u esd ay . .
W ed n esd ay
T h u rsd a y .
F r id a y ____
Spot Market
Closed.
Futures.
Market
Closed.
Q uiet 10 p ts. a d v . .
Q uiet 5 p ts . d e c __
Q u i e t _____________
Q uiet 20 p ts . d e c __
Q uiet 5 p ts . d e c __
Q uiet 10 p ts . a d v . . .
S te a d y ______
S te a d y ______
B arely stea d y
S te a d y ______
Q uiet ______
S te a d y ______
T o t a l __
Sales of Spot and Contract.
Con
ConExport sum’n. tract.
Total.
'lOO
157
2 3 ,2 0 0 2 3,20 0
125
1.400 1 ,4 50
3 ,1 0 0 3 ,1 0 0
"57
::::
.
lxxxv
—
Fair . _ .................... cl .75 on [Strict low m ld ..c 0.30 off Middling tinged..c 0.30 off
Strict mid fair......... 1.50 on|Fully low mid_____ 0.65 oft Strict low mid. ti ng 1.00 off
Middling fair.......... 1.25 on Low m iddling____ 1.00 off Low mid. tinged___1.50 off
Barely mid fair____ 1.00 onBarely low mid____ 1.25 off Strict g'el ord. ting.2.00 off
Strict good mid____0.75 on Strict good ord____ 1.50 off Fully mid. stained. 1.00 off
Fully good mid____0.62 oniFully good o rd .. 1.75 off Middling stained___1.25 oft
Good middling____0.50 on Good ordinary____ 2.00 off Barely mid std____1-75 off
Barely good mid___0.37 on Strict g’d mid. tgd.0.35 on Strict low m. stain.2.25 off
Strict middling____0.25 on Good mid. tinged.. Even Fully 1. m. stained.2.62 off
Middling
__________ Basis Strict mid. tinged..0.20 off Low mid. stained..3.00 off
125
50
232 2 7 .8 0 0 2 8.03 2
I
I
-------- —
-------- —
—
@ ------ @
--------- @
--------- @ --------- @
—---------- ---------------- —------------- ---------------- —
— —
— —
------ @
------ —
@
—
August—
Range 1—•
Closing —
—
11.40@ 11.46 11.19@ 11.36 11.11@ 11.16 11.22@ 11.25 1 1 .1 1 @ 1 1 .4 7
1 1 .3 7 — 11.39 1 1 .1 7 — 11.19 1 1 .1 2 — 11.13 1 1.22 — 11.23 —
—
—
@ 1 1 .3 8 —
@
— —
@
— —
@11.24 1 1 .2 4 @ 1 1 .50
1 1 .3 2 — 11.34 1 1.12 — 11.14 1 1 .0 7 — 11.09 1 1 .1 7 — 11.19 —
—
—
11.31@ 11.40 11.02@ 11.30 11.04@ 11.09 11.16@ 11.22 1 1 .0 2 @ 1 1 .4 9
1 1.30 — 11.31 1 1.10 — 11.11 1 1 .0 5 — 11.06 1 1 .1 5 — 11.16 —
—
—
Range 11.33@ 11.43 11.30@ 11.49
Closing 1 1.41 — 11.42 1 1 .3 5 — 11.36
June —
R ange—
@
------ @ 1 1 .5 0 —
Closing 1 1.44 — 11.46 1 1 .3 7 — 11.39
J u ly —
Range 11.38@ 11.47 11.38@ 11.46
Closing 1 1 .4 8 — 11.50 1 1 .4 2 — 11.44
—
—
Range —
@
------ @ — —
@
---------------------@
--- @ ---------@ --------- @
Closing 1 1 .3 7 — 11.39 1 1 .3 2 — 11.34 1 1 .2 7 — 11.29 1 1.07 — 11.08 1 1 .0 2 — 11.04 1 1.12 — 11.13 —
M ay—
i
A p ril—
—
—
Range 11.23@ 11.35 11.24@ 11.42 11.23@ 11.33 10.96@ 11.22 10.95® 11.04 11.05@ 11.15 1 0 .9 5 @ 1 1 .4 2
Closing 1 1 .3 3 — 11.34 1 1 .2 8 — 11.29 11.23— 11.24 1 1 .0 3 — 11.04 1 0.98 — 10.99 1 1.08 — 11.09 —
—
—
------ @ --------- @ — 1 0 . 9 8 ® ------@ 1 0 .9 5 —
@ 1 1 .06 10.95@ 1 1.06
Range —
@
Closing 1 1 .2 6 — 11.28 1 1.23 — 11.24 1 1 .1 8 — 11.20 1 0 .9 7 — 10.99 1 0.92 — 10.94 1 1.03 — 11.04 —
M arch —
Range 11.11@ 11.24 11.13@ 11.32 11.13@ 11.23 10.85@ 11.13 10.83@ 10.93 10.95@ 11.05 1 0.8 3 @ 1 1 .3 2
Closing 11 21— 11.22 1 1 .1 8 — 11.19 1 1.13 — 11.14 10.91 — 10.92 1 0 .8 7 — 10.88 1 0.98 — 10.99 —
—
—
Speculation in cotton for future delivery has been on only
a moderate scale as a rule and prices have, on the whole,
drifted downward despite rallies from time to time. Favor
able weather, large receipts at points in the eastern section
of the belt, notably at Savannah, and the aloofness of spin
ners have been depressing factors, but one of the most so of
all was the Government report on Oct. 2 stating the condi
tion 011 Sept. 25 at 67.7% , whereas not a few had been look
ing for something like 65% . As the case stood, the decrease
in condition during the month was only 5% , as contrasted
with three other reports which made it 7.3 to 7.5% . The
condition wTas 3.9 lower than at the same time last year,
3 Yo under that of two years ago and 8.1% below that of 1904.
The Government statement gave rise to estimates on the
crop in some cases of 12.500,000 to 13,000,000 bales, and
even more, though the cotton trade is not wont to regard
estimates at this tin e of the year as at all conclusive, so
much depending upon the date of killing frost. Of that
there has as yet been no signs. Last year it occurred on
Oct. 10. but in many cases it has not occurred till late in the
month or some time in November. Meantime speculation
is light and fc-r the most part professional. There is some
holding back of cotton by farmers on both sides of the Missis
sippi, especially in the Southwest, but some are selling freely
despite the advice of the farmers’ unions to hold for 15 cents.
In the absence of any active speculation, moreover, the
usual hedge selling has perhaps more than the ordinary
effect. Reports from the Continental trade have been very
cheerful, but some of the English reports claim that there is
a reaction in the cotton goods business at Manchester,
some stress is also laid upon the falling off in the yarn busi
ness in this country and signs, of trade reaction in other de
partments of business. It is also very generally considered
a fact that spinners are much better supplied than they were
a year ago. Many of them, it is said, bought the actual
cotton freely, laying in unusually large supplies because of
some objections made to the New \ork contract and the
differences ruling here. The differences, as is well known,
have since been changed, the new contract going into effect in
January, and there is now some talk at least to the effect
that the visiting delegates from Europe have under considera
tion the advisability of buying export cotton direct on the
New York Cotton Exchange when such cotton has been in
spected by the Exchange and guaranteed as to grade. But
the idea which is shaping prices at the present time is that the
season's supply is going to be ample. This, more than any
thing else, accounts for the gradual decline in prices. To
day prices advanced, owing to reports of heavy Southwestern
rains, predictions of cooler weather for that section and some
fears of frost. Furthermore, Liverpool prices were unex
pectedly strong and there was some rather adverse crop
reports from India and Egypt. Complete ginners’ returns
show the ginning up to Sept. 25 to have been 1,569,977
bales, or nearly 500,000 bales smaller than during a like
period last year. December was especially strong. Spot
cotton advanced 10 points. Middling uplands closed at
11.65c., a decline for the week of 10 points.
F eb .—
3 1 6 ,4 31
3 10 ,2 6 7
5 6 3 ,3 81
Range 10.98@ 11.16 11.05@ 11.24 11.OS® 11.16 10.76@ 11.04 10.76@ 10.86 10.88@ 10.97 1 0.7 6 @ 1 1 .2 4
Closing 1 1 .1 3 — 11.14 1 1 .1 1 —
— 1 1 .0 5 — 11.06 1 0.85 — 10.86 1 0 .8 1 — 10.82 10.91 — 10.92 —
—
—
2 2,53 8 1 22 ,7 65
2 0 ,8 5 4 1 85 ,3 17
4 4 ,4 9 2 2 15 ,9 6 3
J a n .—
2 9,65 2
3 1,98 3
2 0,32 0
Range 10.91 @ 10.98 1 0 .90@ 10.98 10.93® 10.96 10.65 @ 10.85 —
@
--------- @ 10.77 1 0 .65@ 10.98
Closing 1 0.99 — 11.00 1 0 .9 5 — 10.97 1 0 .9 0 — 10.92 1 0 .7 1 — 10.73 1 0 .6 6 — 10.68 1 0 .7 4 — 10.75 —
—
—
2 7,45 0
3 4,92 0
7 0 ,5 0 9
D ec .—
6 ,5 15
1 7,274
2 5,78 7
11,102
Range 1 0.78 @ 1 0 .98 . 10.89@ 11.05 10.91@ 11.01 10.63@ 10.90 10.62@ 10.70 10.70@ 10.83 1 0 .6 2 @ 1 1 .0 5
Closing 1 0.97 — 10.98 1 0 .9 6 — 10.97 1 0 .9 1 — 10.92 1 0 .7 0 — 10.71 1 0.67 — 10.68 1 0 .7 1 — 10.73 —
—
—
36,61 0
8 0 ,2 8 6
5 4 ,9 4 5
7 ,9 40
147 ,1 80
17,574
Nov —
4 ,5 00
3,0 00
-
2 ,0 00
9 ,0 00
■ •
1,000
■
3 ,0 00
11,00 0
2,000
2 ,1 65
12,19 3
10,50 0
2 3,00 0
— 1 0 . 9 6 @ -- @
--------- • @ — —
®
@
— 10.96@
—
-- — -------- ---------------- ---------------- — -------- — -------- — —
2,000
165
1 2,193
2,000
4 6 ,6 7 2
18,60 2
5 1,48 4
15,87 7
13,261
3 7,00 0
2 2 ,6 4 6
„@
—
2,000
5 ,3 00
5,671
Range —
Closing 1 0 .9 7 — 10.99 —
12,000
Oct.—
5,7 00
S ept .—
8 ,000
Total.
Friday,
Oct. 4.
5,000
880
4,4 81
Thursday,
Oct. 3.
5 ,9 75
750
Wednesday,
Oct. 2.
10,000
515
[V o l .
FUTURES.— The highest, lowest and closing prices at
New York the past week have been as follows:
Tuesday,
Oct. 1.
T o ta l 1 9 0 7 . .
T o tal 1 9 0 6 ..
T o tal 1 9 0 5 . .
6 ,6 3 5
heaving
stock. jg
Monday,
Sept. 30.
Oct. 4 at—
N ew O rleans .
G alveston
S a v a n n ah __
C h arle sto n .
M obile _. ____
N orfolk
New Y o rk ___
O th e r p o r ts __
Other Coast
Ger
many. Foreign wise.
Week.
On Shipboard, N ot Cleared for —
Great >
Britain. France.
Saturday,
Sept. 28.
872
T H E V IS IB L E S U P P L Y O F C O T T O N to -n ig h t, as m a d e
u p b y c a b l e a n d t e l e g r a p h , is a s f o l l o w s .
F o re ig n s to c k s ,
a s w e ll a s t h o s e a f l o a t , a r e in t h i s w e e k ’s r e t u r n s , a n d c o n s e
q u e n t ly a ll f o r e ig n fig u re s a r e b r o u g h t d o w n to T h u r s d a y
e v e n in g .
B u t to m a k e th e t o ta l th e c o m p le te f ig u r e s
fo r to -n ig h t
(F r id a y ), w e
add
th e
ite m
of e x p o rts
f r o m t h e LTn i t e d S t a t e s , i n c l u d i n g i n i t t h e e x p o r t s o f
F r id a y o n ly .
October 4 —
190 7.
1906.
1 90 5.
1904.
S tock a t L iv e r p o o l_______ b a le s. 5 5 8 ,0 0 0
2 34 ,0 0 0
6 6 0 ,0 0 0
1 3 9 ,0 0 0
Stock a t London ..............................
2 4,00 0
1 4.000
2 8 ,0 0 0
1 7,00 0
Stock a t M a n c h e ste r___________
4 1 ,0 0 0
2 5,00 0
4 0 ,0 0 0
9 ,0 0 0
T o ta l G reat B rita in s to c k ------Stock a t H a m b u rg --------------------Stock a t B re m e n _______________
Stock a t A ntw erp --------------------Stock a t H a v re ________ ________
Stock a t M arseilles............................
Stock a t B a r c e lo n a ..........................
Stock a t G enoa............................. . .
Stock a t T r ie s te .................................
T o tal C on tin en tal sto ck s............
6 2 3 ,0 0 0
18,00 0
6 9 ,0 0 0
--------8 9 ,0 0 0
4 ,0 0 0
1 3,00 0
2 2 ,0 0 0
3 7,00 0
2 7 3 ,0 0 0
2 2 ,0 0 0
4 5 ,0 0 0
--------3 8 ,0 0 0
4 ,0 0 0
4 ,0 0 0
16,00 0
6 ,0 00
7 2 8 ,0 0 0
1 7,00 0
1 40 ,0 0 0
____
6 2 ,0 0 0
3 ,0 00
9 ,0 0 0
14,00 0
3 ,0 00
1 65 ,0 0 0
3 3,00 0
7 1 ,0 0 0
4 ,0 0 0
3 0 ,0 0 0
3,0 00
8 ,0 0 0
12,000
9 ,0 00
2 5 2 ,0 0 0
1 35 ,0 0 0
2 4 8 ,0 0 0
1 7 0 ,0 00
T o tal E uropean sto ck s________ 8 7 5 ,0 0 0
In d ia c o tto n afloat for E u ro p e __
8 0 ,0 0 0
A m erican c o tto n afloat for E urope 3 2 0 ,7 7 9
E gypt,B razil,& c\,afloat for E urope
2 3 ,0 0 0
Stock in A le x an d ria , E g y p t ..........
42;000
Stock In B o m b a y , I n d a ________
3 8 1 ,0 0 0
S t o c k l n U .S p o rts ____________
4 3 9 ,1 9 6
Stock in U . S. In terio r to w n s ___ 1 7 4 ,9 1 9 '
U .S . e xports to - d a y ___ . _______
4 8 ,0 4 0
4 0 8 ,0 0 0 9 7 6 ,0 0 0
3 3 5 ,0 0 0
5 6 ,0 0 0
7 6 ,0 0 0
8 ,0 0 0
4 2 2 ,4 5 8
4 1 6 ,0 0 0
6 94 ,0 0 0
2 7 ,0 0 0 3 0 ,0 0 0
4 7 ,0 0 0
4 7 ,0 0 0
4 4 ,0 0 0
6 1 ,0 0 0
4 7 3 ,0 0 0
4 5 4 ,0 0 0
2 4 0 ,0 0 0
4 9 5 ,5 8 4
7 7 9 ,3 4 4
4 6 6 ,5 8 4
1 9 6 ,7 18
3 00 ,2 61
2 6 5 ,1 6 0
14,62 0
13,04 9
4 6 ,7 2 2
T o tal visible s u p p ly .....................2 ,3 8 3 ,9 3 4 2 ,1 4 0 ,3 8 0 3 ,0 8 8 ,6 5 4 2 .1 6 3 ,4 6 6
Of th e above, to ta ls of A m erlcau a nd o th e r descriptions are as
follows:
A merican —
L iverpool sto c k __________ b a le s. 4 6 0 ,0 0 0
M anchester sto ck _______________
3 4 ,0 0 0
C o n tinental s to c k _________ _____ 1 50 ,0 0 0
A m erican afloat for E u ro p e ______ 3 2 0 ,7 7 9
U . S. p o rt stocks ....................... t _. 4 3 9 ,1 9 6
U . S. Interior s to c k s ___________
1 74 ,9 1 9
4 8 ,0 4 0
U . S. ex p o rts to -d a y ___________
1 6 0 ,0 0 0
2 2 ,0 0 0
7 6 ,0 0 0
4 2 2 ,4 5 8
4 9 5 ,5 8 4
1 9 6 ,7 18
14,62 0
5 95 ,0 0 0
3 7 ,0 0 0
2 1 0 ,0 0 0
4 1 6 ,0 0 0
7 7 9 ,3 4 4
3 0 0 ,2 61
1 3,04 9
9 0 ,0 0 0
5 ,0 0 0
8 3 ,0 0 0
6 94 ,0 0 0
4 6 6 .5 8 4
2 65 ,1 6 0
4 6 ,7 2 2
T o tal A m e ric a n ............................. 1 ,6 2 6 ,8 3 4 1 ,3 8 7 .3 8 0 2 ,3 5 0 ,6 5 4 1 ,6 5 0 ,4 6 6
East Indian. Brazil, & c .—
Liverpool s to ck _________________
9 8 .0 0 0
7 4 ,0 0 0
6 5,00 0
4 9 ,0 0 0
London s to ck .....................................
2 4 ,0 0 0
14,00 0
2 8,00 0
17,00 0
M anchester sto ck _______________
7 ,0 0 0
3 ,000
3 ,0 00
4 ,0 00
C o n tinental sto ck _______________ 1 0 2 ,0 0 0
5 9,00 0
38,00 0
8 7 ,0 0 0
In d ia afloat for E u ro p e_________
8 0 ,0 0 0
5 6 ,0 0 0
7 6 ,0 0 0
8 ,0 0 0
E g y p t, B razil & c\. a llo a t___ 2 3 ,0 0 0
2 7 ,0 0 0
3 0 ,0 0 0
4 7 ,0 0 0
Stock In A lex an d ria, E g y p t_____
4 2 ,0 0 0
4 7 ,0 0 0
4 4 ,0 0 0
6 1,00 0
Stock in B om bay, In d ia ________ 3 8 1 ,0 0 0
4 7 3 ,0 0 0 4 5 4 ,0 0 0
2 40 .0 0 0
T o tal E a st In d ia , & c................... 7 5 7 ,0 0 0
7 5 3 ,0 0 0
7 3 8 .0 0 0
5 1 3 .0 6 0
T o tal A m e ric a n ............................ 1 .6 *6 ,9 3 4 1 .3 8 7 ,3 8 0 2 ,3 5 0 .6 5 4 1 ,6 5 0 ,4 6 6
T o ta l visible s u p p ly ..................... 2 .3 8 3 ,9 3 4 2 .1 4 0 ,3 8 0 3 ,0 8 8 ,6 5 4
2 .1 6 3 ,4 6 6
M iddling U pland, L iverpool_____
6 .5 3 d .
6 .1 4 d .
5 .4 1 d .
5 .6 2 d .
M iddling U p la n d , New Y ork-----1 1.65 c.
1 1.10 c.
1 0.20 c.
1 0.4 5 c .
E g y p t, Good B row n, L iv e rp o o l..
lO U d . 1 0 J 4 d .
8% d.
8 l-1 6 d .
P e ru v ia n , R ough G ood, L iverpool 1 2 .0 0 d .
8 .4 0 d .
9 .1 5 d .
lid .
B roach, F in e , L iverpool-----------6 d . 5 7 -1 6 d .
5 ^ d . 5 1 3-1 6d .
T lnnevelly, Good, L iverpool------S 5 '^ d .
5%<1.
5 > id . 5 5 -1 6 d .
C o n t i n e n t a l i m p o r t s p a s t w e e k h a v e b e e n 54,000 b a l e s .
T h e a b o v e f i g u r e s f o r 1907 s h o w a n i n c r e a s e o v e r l a s t w e e k
o f 65,680 b a l e s , a g a i n o f 243,554 b a l e s o v e r 1906, a d e
c r e a s e o f 704,720 b a l e s f r o m 1905, a n d a g a i n o f 220,468
b a l e s o v e r 1904.
O ct . 5 1907.]
THE CHRONICLE.
AT THE IN TERIOR TOWNS the movement— that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
in detail below.
'
Eufaula,*
Montgomery,
Selma,
Helena.*
Little Rock,
Albany,*
Athens,*
Atlanta,
Augusta,
Columbus,
Macon,
Rome,
Louisville,
Shreveport,
Columbus,*
Greenville,
Greenwood,
Meridian,*
Natchez,
Vicksburg,
Yazoo City,*
St. Louis,
Raleigh.*
Cincinnati,
Greenwood,
Memphis,
Nashville,
Brenham,
Clarksville,*
Dallas,*
Honey Grove*
Houston,
Paris,*
G a lv e s to n ______
N ew Orleans___
Mobile . .
.
Savannah ______
Charleston . . .
W ilm ington____
N o r fo lk ________
Boston
___
Baltimore ______
Ph iladelphia___
Augusta________
Towns.
7,095'
1,897
1,900
1,394
Alabama
........................ 2,500
“
................ ............ 10,223
2 6 ,2 1 5 1 7,311
8,072
6,166]
"
............ ................ 5,879
16,023
4,685
3,696
3,733
Arkansas .....
500
923|
359
1,000
“
__ _____________1,231
1,478
241
3,004
2,403
Georgia
. ........................ 1,600
5 ,3 0 4 i 1,200
1,500
1,522
“
__ _____________ 4,500
12.124 j a ,000
6.000
4,060
“
406
797'
3,013
4,118
...........
22,265
79,143
16,635 29,419
19,799
“
*•
........... ........................ 909
3,772i
5951
1,758
3,167
“
............
4,614
1 4 ,7 0 8 ! 4,22o!
2,706
5,2921
•*
...........
885 j
1 ,748j
752]
938
1,019
Kentucky, n e t _
81!
335
178
15
11
2,058!
4,953
850
6,290
6,891
L o u isia n a ______
M ississip p i ____
1,800
3,351
197!
2,400
1,400
...........
3,075
6,423;
l,056i
3,680
660
“
“
...........
4,604
7,590j
l,919i
5,538
2,197
........... ........................2,500]
4.689!
1,608:
3,500
1,835
“
“
______
2,144!
3,942]
1,164]
2,116
2,599
........... ........................ 3,041
4, 235!
912
3,868
1,619
“
“
...........
2,100]
4,120]
1,323|
3,800
1,500
2,981 i
5,561
2,890
2,641
4,716;
M isso u ri _______
500
1,186
361!
500
1 ,234|
North Carolina _
O hio ____________ _____________ 1,966;
5,463
1,712
8,304
1,192;
592]
2,570] _____________________ 1,204977
South Carolina _
Tennessee
_____
10,275]
15,558]
3,182] 21,672
6,868!
...........
25;
205]
40
2,411
87;
“
681,727
1,748
T e x a s ................... ................................................203]1,837
"
___________
300l
575
200!
250
400
“
___________
800
3,338
339
2,000
6,621
“
..................... ........................ 600]
1,000
300
600
800
“
___________ _____________ 41,579; 218,238
43,563; 38,197 105,157
..................... ........................l,000j
1,900]
500
1,200
1,500
“
5
Season.
to October
I Ship- ! Stocks Receipts.
O c t . --------- inents.
Season, j Week.
4. Week. |
Movement to October 4 1907.Movement
Week.
Receipts.
--------- ments.
1906.
Ship- Stocks
Oct.
5.
Week.
OVERLAND MOVEMENT FOR THE W EEK AND
SINCE SEPT. 1 — We give below a statement showing the
overland movement for the week and since Sept. 1, as
made up from telegraphic reports Frida}' night.
The
results for the week and sinceJSept. 1 in|the last two years
are as follows:
----------1906---------Since
Sept. 1.
14,583
1,641
496
3,960
1,015
2,872
5,591
Week.
4,545
718
49
1,042
229
925
2,048
19,623
9,556
30,158
1,121
347
7,198
434
1,363
2,188
3,915
2,002
972
Total to be deducted.................... .. 1,080
8,666
3,408
7,466
Leaving total net o v e r la n d * ..______5,097
5,097
10,957
6,148
22,692
* Including movem ent by rail to Canada.
The foregoing shows the week’s net overland move
ment has been 5,097 bales, against 6,148 bales for the
week last year, and that for the season to date the aggre
gate net overland exhibits a dcrease from a year ago of
11,735 bales.
-1 9 0 6 In Sight and Spinners’
Week.
Takings.
Receipts at ports to O ct. 4 ................. .2 1 5 ,9 4 8
N et overland to Oct. 4 _____________ .
5,097
Southern consumption to O ct. 4 . . . . 49,000
Since
Sept. 1.
730,123
10,957
238,000
Week.
312,437
6,148
47,000
Total m ark eted -.
Interior stocks in excess
979,080
94.336
365,585 1,244,705
100,442
22,857
_ __
Came Into sight during week.
Total in sight O ct. 4__
_
270,045
34,479
- - . 304.524
N orth, spinners' takings to O ct. 4 . . .
Since
Sept. 1.
987,013
22,692
235,000
388,442
1,973,416
23,325
100,441
l" ,345,147
38,945
129,902
Movement into sight in previous years:
Week—
Bales. I Since Sept. 1—
Bales.
1905— O ct. 6 .......... ...................448,095 11905— Oct.
6 .........................1 ,6 9 5 ,0 0 5
1904— O ct. 8 .............................5 1 9 ,3 2 6 1 1 9 0 4 — O ct.
8 .......................... 1 ,893,167
1'903— O ct. 9 . ............................383.868 11903— O ct.
9 ..........................1,286 770
1902— O ct. 1 0 ________ ______ -4 0 4 ,7 3 3 11902— O ct. 1 0 . ........................ 1,863.173
Sat’dav.
M onday. Tuesday. W ed’day. Thursd’y. Friday.
1234
12 %
11 9-16
11
%
11%
u%
11 %
U%
11%
11%
11%@%
11%
11.75
11%
11 %
11.85
12
12
12.10
11 9-16
12.05
11%
12
12
12
12
H o u s t o n _______ 12
Little R ock ____ 11M
5,982
907 3,220
29,656
4,021 12,218
25,242
4,226 5,529
349
1,248
................ 775
5,211
1 ,100| 14,314
7,167
1,638 1,279
11,622
2,442 5,792
6,432!
2,869] 3,113
70,572 17,329: 23,829
10,083!
1,965 6,739
17,287!
5,0681 3,832
3,599
580] 1,393
167j
1 35
23,310
5,487! 7,717
3,363
600 2,023
2 .9 5 4 1
43 1,795
4,624
685; 3,012
6,910
1,883: 2,620
10,531!
1,676! 4,029
4,329!
381 4,386
3,616]
800! 2,557
11,462
4,545 10,380
3,685
850] 1 2 3 5
6,846
1,296; 9,451
2,850
957! 2,300
15,853
6,569! 10,407
169
105 636
7,825
1,688 2,131
630
200 380
16,302
3,722 6,025
1,400:
500 700
.403,528 105,544 41,066!
2,900j
500 1 .SOOj
| Total, 33 to w n s . ...... ................................................1 ..................... 137,736466,456^03,2571174,919 203,034727,355]180,177 196,718|
Closing Quotations for M iddling Cotton on—
The above totals show that the interior stocks have in
creased during the week 34,479 bales and are to-night 21,799
bales less than at the same time last year. The receipts at
all the towns has been 65,298 bales less than the same week
last year.
Total gross overland____________ 6,177
Deduct shipmepls—
Overland to N . Y . , Boston, & c___
146
Between Interior tow ns___________
26
Inland. & c., from South__________
908
QUOTATIONS FOR M IDDLING COTTON AT OTHER
M ARKETS.— Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
October 4 .
* This year’s figures estim ated: not received on account of telegraphers
ke.
--------- 1907-------------October 4—
Since
Shipped—
Sept. 1.
Week.
V ia St. Louis_______________________ 2,890
7,232
V ia C a iio _______ __________________i
302
792
Via Rock Is la n d ___________________
179
V ia L o u isville_____________________ 1,607
4,674
Via Cincinnati_____________ _______
269
1,274
V ia Virginia points________________
347
1,159
Via other routes, & c_______________
762
4,313
873
12%
11%
11 7-16
11%
11%
11%
11.80
12
12.05
11 9-16
11 %
12
12
12
--
11%
12%
11%
11 7-16
11%
11%
11%
11%
11.80
12
11.85
11%
11%
12
11 13-16
11%
12
11 7-16
11%
11%
11%
11%
11%
11.60
11%
11.80
11 5-16
11%
12
11 13-16
11 3-16
12
11 %
11 %
11%
11% @%
11%
11%
11.55
11 %
11.90
11 7-16
11%
11%
12
11 1-16
NEW ORLEANS OPTION M ARK ET.— The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sat’dav. M onday. Tuesday. W ed’day. Thursd’y. Frid ay.
Sept. 28. Sept. 30. Oct. 1.
Oct. 2.
Oct. 3.
Oct. 4.
October—
Range _______
Closing_______
November—
Range _______
Closing_______
December—
R a n g e _______
Closing_______
January— •
R a n g e ----------Closing_______
February—
R a n g e _______
Closing - ___
M arch—
R a n g e _______
Closing_______
May—
R a n g e _______
Closing_______
Ju ly—
Range . . - Closing_______
Tone—
S p o t ________
O p t io n s ______
11.13-. 29 11.1 3 -.2 7 11.12-.21 10.8 4 -.1 2 10.8 6 -.9 3 10.9 5 -.0 3
11.18-.1 9 1 1.18-.1 9 1 1.13-.1 4 1 0.91-.9 3 10.8 7 -.8 9 11.00-.02
—
@
—
—
@
11.07 — 11.06
—
—
@
—
—
@
—
—
@
— 11.03 — 10.8 4 -.8 6 10.79
— —
@
— 10.91
—
—
1 1.09-.2 0 1 1 .0 ? -.2 3 11 .0 7 -. 17 10.8 3 -.0 8 10.8 2 -.9 2 10.9 1 -.0 2
11.12-.1 3 1 1 .1 2 — 11.07-.08110.90-.91 10.8 5 -.8 6 1 0.97-.9 8
1 1.12-.2 4 1 1.11-.2 8 11.11-.22 1 0.83-.1 3 1 0.8 6 -.9 7 1 0.9 7 -.0 6
1 1.16-.1 7 1 1.16-.1 7 11.12-.1 3 10.9 4 -.9 5 1 0.89-.9 0 1 1 .0 2 -.0 3
—
@
11.17
— —
@
— —
@
—
@
— —
—
@
— —
@
— 11.17 — 11.14 — 10.96 — 10.92 — 11.05
—
—
1 1.27-.3 6 11.2 8 -.4 5 1 1.30-.3 9 1 1.06-.2 9 1 1.05-.1 5 11.1 3 -.2 2
1 1.31-.3 2 1 1.32-.3 3 11.30-.31 1 1.13-.1 4 1 1.0 7 -.0 3 11.1 9 -.2 0
—
.45 1 1.51-.5 4 —
.44 11.1 6 -.1 8 —
.18 1 1 .2 3 -.2 6
11.41-.4 3 11.42 — 11.39-.4 1 1 1 . 20-.2 2 1 1.1 7 -.1 8 11.2 8 -.3 0
— @ — — @
11.52-.5 4 11.52
Steady.
Steady.
—
—
Firm.
Steady.
— @ ——
Steady.
Quiet.
@
—
Steady.
Quiet.
—
@
—
E asy.
Steady.
— @ —
Firm .
Steady.
W EATHER REPORTS BY TELEGRAPH .— Advices to
us by .telegraph from the South this evening, so far as re
ceived, are of a fairly satisfactory tenor. Rain has fallen in
most localities, but at only a few points has the precipitation
been more than moderate. As a result of favorable weather,
picking has made excellent progress.
Galveston, Texas.— There has been rain on two days during
the week, the precipitation being twenty-seven hundredths
of an inch. Average thermometer 80, highest 87, lowest 72.
Month’s rainfall seven inches and twenty-three hundredths.
Abilene, Texas.— 'There has been excessive rain on one
day during the week, the precipitation being two inches and
fifty hundredths. The thermometer has averaged 75, the
highest being 92 and the lowest 58. September rainfall
four hundredths of an inch.
Brenham, Texas.— Rain has fallen on three days of the
week, the precipitation being ninety-seven hundredths of
an inch. The thermometer has averaged 71, ranging from
60 to 82. Month’s rainfall one inch and eighty-six hun
dredths.
Corpus Christi, Texas.— There has been rain on one day
of the week, the precipitation reaching ten hundredths of an
inch. The thermometer has ranged from 74 to 86, averag
ing 80. Month’s rainfall seventy-one hundredths of an inch.
Cuero, Texas.—There has been no rain during the week.
Average thermometer 81, highest 90, lowest 71. Month’s
rainfall sixteen hundredths of an inch.
Dallas, Texas.— There has been rain on one day during
the week, the rainfall being twenty-one hundredths of an
inch. The thermometer has averaged 74, the highest being
95 and the lowest 52. Month, ninety-four hundredths of
an inch.
Henrietta, Texas.— There has been no rain the past week.
The thermometer has averaged 80, ranging from 55 to 105.
Huntsville, Texas.— There has been rain on two days of
the past week, the rainfall being thirty-eight hundredths
of an inch. The thermometer has ranged from 54 to 95,
averaging 75. September rainfall, ninety hundredths of
an inch.
Kerrville, Texas.— It has rained on one day of the week,
the rainfall being six hundredths of an inch. Average ther
mometer 84, highest 97, lowest 70. Month’s rainfall seventyfour hundredths of an inch.
Lampasas, Texas.— We have had rain on one day of the
week, the rainfall being eighteen hundredths .of an inch.
The thermometer has averaged 79, the highest being 99
and the lowest 59. Month’s rainfall one inch and gixtytwo hundredths.
Longview, Texas.— There has been no rain the past week.
874
THE CHRONICLE.
N ew O r l e a n s ___________ A b o v e
M e m p h l s _______________ A b o v e
N a s h v i l l e -----------------------A b o v e
S h r e v e p o rt ____________ A b o v e
V i c k s b u r g ---------------------A b o v e
z e ro
z e ro
z ero
z e ro
zero
of
of
of
of
of
4 190<
F eet.
4 .9
10.2
8 .3
1.8
10.9
gauge.
gauge.
gauge.
gauge.
gauge.
Oct. 5 1900
F eet.
5 .9
15.4
10.9
6.2
18.3
INDIA COTTON MOVEMENT FROM ALL PORTS.—
The receipts of cotton at Bombay and the shipments from all
India ports for the week and for the season from Sept. 1 for
three years have been as follows:
O ctober' 3.
1907.
R eceipts 'at—
W eek .
B o m b a y ____________
S.000
1906.
S in ce
S ep . 1.
39,0 0 0
W eek .
4,000
190 5.
S in ce
S ep t. 1.
20,0 0 0
W eek .
( S in ce
\Sept. 1 .
5,0 0 0 j
3 8 ,0 0 0
A lex a n d r ia , E g y p t,
October 2.
1 75 ,000
290 ,1 9 9
130,000
222 ,977
T h is
S in ce
w eek. S ep t. 1.
T h is
S in ce
This
S in ce
w eek. S ep t. 1.1 w eek. S ep t. 1.
4 ,7 5 0
4,0 0 0
3,2 5 0
200
12,7 5 0
7,2 5 0
10,705
80U
4,7 5 0
2,750
4,0 0 0
400
9,921
4,750
11,110
898
3,7 5 0
400
12,346
3,492
15,908
3,4 7 6
12,200
31,505
11,900
2 6 ,679
9,400
35,222
L iv e r p o o l ____ _________
M a n ch ester . . . . .
C o n t i n e n t ___
A m e r ic a ________ ______
T o t a l e x p o r t s _________
.
190 5.
185 ,0 0 0
359 ,1 6 6
E x p o r t (b a le s )—
To
To
To
To
lxxxv
1907.
R eceipts (ca n ta rs )T h ls w e e k ___
S in ce S e p t. 1 .
N o te .— A c a n ta r is 99 lb s .
5,250
E g y p t ia n ba les w e ig h a b o u t 750 lb s .
This statement shows that the receipts for the week were
185,000 cantars and the foreign shipments 12,200 bales.
THE AGRICULTURAL DEPARTM ENT’S REPORT
FOR SEPT. 25.—The Agricultural Department’s report on
cotton for Sept. 25 was issued Oct. 2 as follows:
T h e C rop R e p o r t in g B o a rd o f th e B u rea u o f S ta tistics o f th e D e p a rtm e n t
o f A g ric u ltu re fin d s fro m th e r e p o rts o f th e c o r re s p o n d e n ts an d agen ts o f
t h e B u rea u th a t t h e a v e r a g e c o n d it io n o f c o t t o n o n S e p t. 25 w as 0 7 .7 , as
c o m p a r e d w ith 7 2 .7 o n A u g . 25 1907, 7 1 .6 o n S e p t. 25 190 6, T1.2 o a S e p t.
25 190 5, an d a t e n -y e a r a v e ra g e o f 6 7 .8 .
T h e fo llo w in g ta b le sh ow s th e c o n d it io n o n S e p t. 25 o f this y e a r an d o f
th e t w o p r e c e d in g y e a rs , w ith th e r e s p e c tiv e t e n -y e a r av e ra g es; a ls o th e
c o n d it io n o n A u g . 25 1907.
S ep t. 25 A u g . 25 S ep t. 25 S ep t. 25 10-y ea r
S tate.
1 90 7.
1 90 7,
1906.
190S.
UDerage.
V i r g i n i a ..........................................
76
77
66
77
75
N o rth C a r o lin a ............................
76
78
66
7T
71
S o u th C a r o lin a _______________
77
83
66
74
70
G eorg ia .............................................
76
81
68
76
70
F lo r id a ..........................................
69
80
64
76
71
A la b a m a . . ..................................
68
73
68
7*
68
69
72
75
68
69
M is s is s ip p i.....................................
69
73
59
61)
L o u i s i a n a ___________________65
T e x a s ......................... .....................
60
67
74
69
69
A r k a n s a s _____________________
65
65
76
72
68
T e n n e sse e .......................................
76
78
75
78
78
M i s s o u r i . . .............................. ..
72
75
82
81
76
O k la h o m a ..............................
64
72
75
8«
73
In d ia n T e r r it o r y .......... ..............
67
70
74
78
T2
U n ite d S t a t e s .........................
6 7 .7
7 2 .7
7 1 .6
7 1 .2
6 r .8
T h is r e p o rt Is m a d e In c o n fo r m it y w ith th e A c t o f C ongress req u irin g
c o n d it io n rep orts o f th e c o t t o n c r o p b y th is B u reau t o b e issu ed o n th e sa m e
d a te as th e first g in n e rs’ re p o rts b y th e B ureau o f th e C ensus In m on th s In
w h ich b o t h cla sses o f r e p o rts are Issued.
The Oct. 1st or Sept. 25th averages in earlier years for all
the States were, according to the Agricultural Department,
as follows: 75.8 in 1904; 65.1 in 1903; 58.3 in 1902; 61.4 in
1901; 67.0 in 1900; 62.4 in 1899; 75.4 in 1898; 70.0 in 1897:
60.7 in 1896; 65.1 in 1895; 82.7 in 1894; 70.7 in 1893; 73.3
in 1892.
As a matter of interest in connection with the foregoing
report, we subjoin a statement showing for a series of year?
the acreage and yield, according to our compilations, and the
condition on Oct. 1 (Sept. 25) as reported by the Department.
1907-08 ................................ ..........................
1906-07 ............. ................... .............. ............
1905-06 ................................ - ........................
1904-05 ......................................................
1903-04 --------------------- ---------------------------1902-03 .................... .......................... ............
1901-02 _ .........................................................
1900-01 .......... ........................- .....................
1 8 9 9 -0 0 '...........................................................
1898-99 ................................ ................ .........
1897-98 ____ _________ __________________
A rea.
A cres.
3 3 ,0 7 9 ,4 2 5
3 1 ,5 5 7 ,2 4 2
2 8 ,8 0 8 ,4 1 5
3 2 ,3 6 3 ,6 9 0
2 8 ,9 9 5 ,7 8 4
2 7 ,3 0 0 ,3 7 1
2 7 ,8 7 4 ,1 0 5
2 6 ,5 3 4 ,0 0 0
2 4 ,1 7 5 ,0 0 0
2 3 ,1 7 5 ,0 0 0
2 3 ,0 2 9 ,0 0 0
Y ie ld .
B a le s .
1 3 ,5 5 0 ,7 6 «
1 1 ,3 1 9 ,8 6 »
13,556,341
1 0 ,1 2 3 ,6 8 6
1 0 ,7 5 8 ,3 2 6
1 0 ,7 0 1 ,4 5 3
1 0 ,425,141
9 ,6 3 9 ,5 5 9
1 1 ,2 3 5 ,3 8 3
1 1 ,1 8 0 ,8 6 0
C on d ition ,
P e r ten t.
7 1 .6
71 .2
T&.8
6S.1
6*8.3
81 .4
6T.0
62.4
7 6 .4
7 0 .0
A LE XA N D RIA RECEIPTS AND SHIPMENTS OF
COTTON,— Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
S in c e S eptem ber 1.
F o r the W eek .
E x p o rts fr o m Great
Bom bay—
19 0 7 ........ ..............
190 6
..............
1905 .
........
Calcutta—
1 9 0 7 .___________
1906. .
190 5
..............
M ad ras190 7
1906 .
1 9 0 5 . ....................
All others—
19 0 7 ......................
190 6
..
1905. .
T o ta l a ll1 9 0 7 ..
1 9 0 6 ..
1 9 0 5 ..
____ |
C o n ti
nent.
Total.
23.000
9,000
26.0 0 0
2 3 .000
9,0 0 0
2 6 .0 0 0
1.000
1 ,000
1,000
1,000
....
::::
____
2,000
3,0 0 0
2 ,000
3,0 0 0
24.000
12.000
2 9 ,000
co rc
o o o
o o o
o o o
The thermometer has averaged 71, ranging from 56 to 95.
Month, forty-three hundredths of an inch.
Luling, Texas.— Rain has fallen on two days during the
week, the rainfall being seventy-six hundredths of an inch.
The thermometer has ranged from 56 to 95, averaging 76.
Month, one inch and two hundredths.
Nacogdoches, Texas.— It has been dry all the week. Aver
age thermometer 76, highest 95, lowest 56.
Palestine, Texas.— "We have had rain on two days of the
week, the rainfall being fifty hundredths of an inch. Ther
mometer has averaged 80, highest 86 and lowest 64. Sep
tember rainfall two inches and seventy-four hundredths.
San Antonio, Texas.— We have had rain on two days dur
ing the week, the rainfall being fifty hundredths of an inch.
The thermometer has averaged 81, ranging from 68 to 94.
Month, one inch and fifty hundredths.
New Orleans, Louisiana.— We have had rain on two days
during the past .week, to the extent of one inch and thirty
seven hundredths. Average thermometer 78.
Shreveport, Louisiana.— We have had rain on one day
the past week, the rainfall reaching eleven hundredths of
an inch. The thermometer has ranged from 58 to 89,
averaging 74.
Vicksburg, Mississippi.-—We have had rain on two days
during the past week, the rainfall being thirty-six hundredths
of an inch. The thermometer has ranged from 57 to 88,
averaging 75.
Helena, Arkansas.— Weather has favored farmers during
the week and cotton is coming in freely. We have had rain
on one day of the past week, the rainfall being fifty-three
hundredths of an inch. The thermometer has averaged
63.5, the highest being 87 and the lowest 52. September
rainfall one inch and eighty-nine hundredths.
Memphis, Tennessee.— It has been dry all the week up to
to-day, but rain is now falling. Gathering and marketing
are progressing actively. There has been rain on three days
during the week, the rainfall being two inches and thirtynine hundredths. The thermometer has ranged from 50.3
to 85.2, averaging 70.8. Month’s rainfall one inch and
fifty-five hundredths.
Montgomery, Alabama.— Last five days warm and dry
and splendid picking weather. Cotton is turning out above
middling in quality. There has been rain on two days
during the week, to the extent of one inch and sixty-one
hundredths. The thermometer has averaged 72, ranging
from 56 to 87. Month’s rainfall three inches and twentynine hundredths.
Selma, Alabama.— Rain has fallen on two days of the
week, the rainfall reaching one inch. The thermometer has
ranged from 56 to 80, averaging 70.
Nashville, Tennessee.— Rain has fallen during the week,
the rainfall being eighty-seven hnudredths of an inch.
Average thermometer 70, highest 86, lowest 52.
Mobile, Alabama.— Rain in the interior early part of the
week but fine weather since has enabled rapid progress to
be made in picking cotton. It has rained on three days of
the week, the rainfall reaching one inch and ninety hun
dredths. The thermometer has averaged 76, the highest
being 85 and the lowest 62.
Madison, Florida.— It has rained on one day during the
week, the rainfall reaching fifty hundredths of an inch. The
thermometer has averaged 78, the highest being 86 and the
lowest 65.
Savannah, Georgia.— There has been rain on three days
of the week, the rainfall being two inches and thirty-one
hundredths. The thermometer has averaged 74, ranging
from 63 to 84. Month’s rainfall six inches and eighty-two
hundredths.
Charleston, South Carolina.— We have had rain on two
days of the week, the precipitation being ninety-six hun
dredths of an inch. The thermometer has averaged 74,
ranging from 64 to 84.
Greenwood, South Carolina.— Rain has fallen on two days
of the week, the rainfall being one inch and eighty-five
hundredths. The thermometer has ranged from 58 to 85,
averaging 71.
Charlotte, North Carolina.— There has been rain during
the week, the rainfall being one inch and sixteen hundredths
The thermometer has averaged 68, the highest being 81 and
the lowest 55.
The following statement we have also received by tele
graph, showing the height of rivers at the points named
at 8 a. m . of the dates given:
[V o l .
Great
B rita in .
....
C on ti
nent.
Total.
66,0 0 0
44,00©
41,0 0 0
66,0 0 0
4 5 .0 0 0
48.0 0 0
.............
5.000
3 .0 0 0
2 .0 0 0
5.0 0 0
a ,o o o
2.0 0 0
______
3 .0 0 0
2 .0 0 0
1,040
3.0 0 0
2.000
1,000
3.000
1.000
12,000
17.0 0 0
2 0 .0 0 0
15.000
18.000
2 0,0 0 0
4.0 0 0
2.000
7 ,0 0 0
86,000
66,000
64.000
90.000
6 8.0 0 0
7 1,0 0 9
1 ,000
7,0 0 0
1,000
According to the foregoing, Bombay appears to s h o w an
increase compared with last year in the week’s receipts of
4.000 bales. Exports from all ports India record a gain of
12.000 bales during the week, and since Sept, 1 show an
increase of 22,000 bales.
875
THE CHRONICLE.
O ct . 5 1907.1
W O R L D 'S SU P P L Y A N D T A K IN G S OF C O T T O N .—
The following brief but comprehensive statement indicates
at a glanoe the world’s supply of cotton for the week and since
Sept. 1, for the last two seasons, from all sources from which
statistics are obtainable; also the takings, or amount gone
out of sight, for the like period.
1907.
Cotton Takings.
W eek and Season.
Week.
V isible su p p ly S e p t. 2 7 ------------ 2 , 3 1 8 ,2 54
V isible s u p p ly S ep t. 1 _________
A m erican In sig h t to O ct. 4 ____
3 04 ,5 2 4
8 ,0 00
O th e r In d ia sh ip ’ts to O ct. 3 ___
1 ,0 00
2 5.00 0
A lex an d ria receip ts to O ct. 2 __
O th e r s u p p ly to O ct. 2 a _______
1 0.000
T o tal s u p p ly -----------------------Deduct —
V isible s u p p ly O ct. 4 __________ 2 ,3 8 3 ,9 3 4
T o tal ta k in g s to O ct. 4 ________
Of w hich A m erican __ _____
Of w hich o th e r______________
1906.
Week.
Season.
2,29V ,844
1 ,0 7 3 ,4 1 6
3 9.00 0
24.00 0
4 8.00 0
30.00 0
Season.
1 ,9 7 0 ,7 4 6
3 88 ,4 4 2
4 .0 00
3.0 00
2 3,40 0
12,000
1 ,7 8 4 ,1 5 6
1 ,3 4 5 ,1 4 7
2 0,00 0
23.00 0
38,70 0
4 7 .0 0 0
3 ,5 0 6 ,2 6 0 2 ,4 0 1 ,5 8 8
3 ,2 5 8 ,0 0 3
2 ,3 8 3 ,9 3 4 2 ,1 4 0 ,3 8 0
2 ,1 4 0 ,3 8 0
2 8 2 ,8 4 4 1 ,1 2 2 ,3 2 6
187,8441
7 82 ,3 2 6
9 5 ,000i
3 40 ,0 00
2 61 ,2 0 8
198 ,8 08
62,40 0
1 ,1 1 7 ,6 2 3
8 5 5 ,9 2 3
2 61 ,7 0 0
a E m b races receipts in E u ro p e from B razil, S m y rn a, W est Indies, &c.
COTTON C O N SU M P TIO N A N D O V E R L A N D M O V E
M E N T FO R M O N TH OF S E P T E M B E R .— Below we pre
sent a synopsis of the crop movement for the month of
September for three years:
Gross o v erlan d for S e p te m b e r___ b a le s.
N e t o v erlan d for S e p te m b e r___________
P o rt receip ts In S e p te m b e r____________
E x p o rts in S e p te m b e r__________________
P o rt stocks on S ep t. 3 0 ________________
-Northern sp in n ers’ taking's In S ep tem b er.
S outhern consum ption In S ep tem b er___
O verland to C an ad a In S ep tem b er (In
cluded In n e t o v e rla n d )______________
B u rn t N o rth a n d S outh In S e p te m b e r__
Stock a t N o rth , in te rio r m a rk e ts S ep t. 30
Cam e In sig h t during- S e p te m b e r________
Cam e In sig h t b alan ce s e a s o n __________
T o tal c ro p _____________________________
A verage gross w eight of b a le s__________
A verage net w eight of b a le s. - , _________
1907.
1906.
1905.
1 4,548
6,451
5 8 7 ,4 3 7
3 78 ,6 6 4
4 1 3 ,2 4 4
78,86 5
2 05 ,0 0 0
23,49 7
16,870
720 ,8 91
4 2 4 ,6 4 6
4 0 6 ,1 0 4
1 02 ,6 32
1 96 ,0 00
2 7,711
18,76 9
987 ,3 51
5 3 3 ,3 1 7
6 68 ,2 5 4
124 ,1 66
1 99 ,0 00
1,402
2,891
4 ,2 6 2
8 ,1 08
8 68 ,8 8 8
’ "9,194
10,20 0
1 ,0 19 ,7 61 1 ,3 2 8 ,1 2 0
1 2 ,5 3 0 ,9 9 9 9 ,9 9 1 ,7 4 0
1 3,5 5 0 .7 6 0 1 1 ,3 1 9 ,8 6 0
5 15 .9 4
5 20 .3 2
5 1 4 .5 8
492 .9 4
4 9 7 .8 2
4 9 2 .1 0
Total bales.
N E W O R L E A N S — To Liverpool— S ept. 3 0 — Ja m a ic a n , 2 ,9 4 2 ____
2 ,9 42
To H av re— S ept. 30 — O xonian, 5 ,5 0 0 ________________________
5 ,5 0 0
To H am b u rg — S ept. 30— A tla n tla n , 1 ,1 7 6 ___________________
1,1 76
654
To A ntw erp — S ept. 30— C uban, 6 5 4 _________________________
To B arcelona— Sept. 30— E u g en ia, 2 ,8 0 0 ___ _____ I_______ —
2 ,8 00
To T rieste— Sept. 3 0 —E ugenia, 3 ,4 0 0 ________________________
3 ,4 0 0
M O B IL E —T o L iverpool— O ct. 4 — D a lto n , 2 ,0 0 0 -------------------------2 ,000
To H avre— O ct. 4 — D alto n , 4 ,2 5 1 ___________________________
4,251
SA V A N N A H — To L iverpool— S ept. 28— C astlev en try , 7 ,2 0 5 --------7 ,2 0 5
To H av re— S ept. 30 — C orinthia, 7 ,9 9 6 _______________________
7 ,9 9 6
To B rem en— Sept. 28-—B ern ard , 7,088; K irb y B an k , 6 , 6 0 2 .1 - .
S ept. 30 — P re to ria , 1 1 ,8 5 2 ______________________ . _______ - 2 5 ,5 4 2
To W arberg— S ept. 30— V a len tla, 6 0 0 _______________________
600
To H a m b u rg — S ept. 30— V a len tla, 5 5 4 _______________________
554
To G othenburg— S ept. 28— B ern ard , 2 0 0 ___ S e p t. 30— V alen
tla , 1 ,0 5 0 — P re to ria , 1 0 0 ___________________________.._____
1 ,3 5 0
To S t. P e te rsb u rg — S ept. 27 — K irb y B an k , 7 5 0 ___ S e p t. 3 0 —
P reto ria , 50; V a len tia, 6 0 0 _________________________________
1,4 00
To U ddevalle— Sept. 30 — V alentia, 1 0 0 _____________________
100
To M alm o— S ept. 30— V a len tla, 3 0 0 _________________________
300
To B arcelona— Sept. 28— A n ita, 1 0 0 _________________________
100
To C orunna— S ept. 28— C astlev en try , 2 0 0 ___________________
200
B R U N S W IC K — To Liverpool— S ept. 28— Iselholm e, 7 ,7 2 9 _______
7 ,7 2 9
1,1 00
To M anchester— S ept. 28— Iselholm e, 1 ,1 0 0 _________________
W IL M IN G T O N — To B rem en— S ept. 28 — M ariner, 9 ,5 2 6 ___ O ct. 2
— New biggin. 1 3 ,6 0 0 ___ O ct. 3— C arperby, 6 ,4 5 0 ------------- 2 9 ,5 7 6
B O STO N — To L iverpool— S ept. 30— S axonia, 5 ,8 0 1 ___ O ct. 1 —
9 ,0 1 7
C estrian, 3 ,2 1 6 ______:_____________________________________
923
To M anchester— S ept. 27 — C aledonian, 9 2 3 - - _______________
B A L T IM O R E — To L iverpool— S ept. 27— V edam ore, 7 9 8 ________
7 98
To H avre— S ept. 30— G lenaen, 1 ,4 0 0 ________________________
1 ,4 0 0
P H IL A D E L P H IA — To Liverpool— S ept. 27— W este rn la n d , 6 2 4 . .
624
TACOMA— T o J a p a n — O ct. 2— T eucer, 1 4 .'______ * _______________
14
T o ta l......................... ........................ ............... .............................................. 2 1 1 ,1 7 8
The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
Great French Ger- — Oth.Europc — M c x .,
Britain. ports, many. North . South. &c. Japan.
New Y o rk _____1 1,07 0 1 ,6 65 5 ,4 1 9
G a lv e s to n ____ 3 2 ,9 4 5 1 9,34 4 16,01 6
N ew O rle a n s .-. 2 ,9 4 2 5 ,5 0 0 1,1 76
M o b ile ________ 2 ,0 00
4 ,2 51
S a v a n n a h _____7 ,2 0 5
7 ,9 9 6 2 6,09 6
B runsw ick_____8 ,8 2 9
2 9 ,5 7 6
W ilm in g to n ___ - . . _
B oston _______ $ ,9 4 0
B altim ore _-.w_
798 1,400
P h ila d e lp h ia __
624
T a c o m a _______ . . . .
Tfte a m o u n t of c o tto n ginned to S ep t. 25 from th e crop of 1907, counting
round b ales as h a lf bales, was 1 ,5 6 9 .9 7 7 b ales, ag ain st 2 ,0 5 7 ,2 8 3 bales to
th e sam e d a te In 1906 a n d 2 ,3 5 5 ,7 1 6 bales In 1905. T he n u m b er of a ctiv e
ginneries was 1 8,152 In 190 7, 2 0 ,4 1 6 In 1906 and 2 1 ,3 8 9 In 1905. The
n u m b e r of ro u n d bales Included th is y e ar Is 4 1 ,3 5 6 , as com pared w ith
6 6 ,5 0 2 bales In 1906 and 7 4 , 816 bales In 1905. T he n u m b er of bags of Sea
Isla n d cottoj* Is 4 ,2 4 0 In 1 90 7, 2 ,6 8 9 in 1906 and 1 1,93 6 In 1905.
JU TE B U T T S , B A G G IN G , E T C .— The market for jute
bagging has continued very quiet during the week, and prices
nominally unchanged at 9 % c . for 2 lbs., standard grades.
Jute butts dull at 3 @ 4 c . for bagging quality.
M A N C H E S T E R M A R K E T .— Our report received by
cablo to-night from Manchester states that the market
is steady for both yarns and shirtings. The demand for
both yarn and cloth is improving. W e give the prices for
to-day below and leave those for previous weeks of this and
last year for comparison.
1907.
8 H tbs. Shirt Cot'n
32s Cop
ings, common
to finest.
Vutist.
Aug
23
30
Sept
6
13
20
27
Oct.
@
32» Cop.
Mid.
Upl’s
Twist.
6
6
s. d.
7^@ 10 4
8 @10 5
d. d.
7.27 9
@
7.49 8 15-16@
6
f>
6
6
8
7
6
5
@10
@10
@10
@10
7.51
7.10
6.91
6.60
11H 6
4
@10 1
cl.
d.
10 13-16-12 3-16
11
@ 12^
'
ll'A @
12VS
10 H © V>H
io h @ 124
10 11-16 @ 12'«
4 10«
1906.
a. d.
5
4
3
2
i 8U «>s. Shin Cot’n
; inos, coinrnon Mid.
to finest.
Upl’s
d . s. d.
s. d.
lOjhs 6 5 @9 6
10X 6 4H @9 6
d.
5.29
5.41
9'A
9H
O
@
@
@
lo ’^ 'o
10H !6
10M |6
10fj,!6
4
4
4
@9
@9
@9
4M @9
6
6
6
6
5.41
5.63
5.57
5.66
6.53 9H
@
10X6
6
8
6.14
9
9
@9
S H IP P IN G N E W S .— As shown on a previous page, the
exporta of cotton from the United States the past week have
reached 2 1 1 ,17<S bales. The shipments in detail, as made up
from moil and telegraphic returns, are as follows:
NEW
Total bales.
Y O R K — To Liverpool— S e p t. 30— Cevlc, 3 ,9 1 7 u p la n d .
4 fo reig n ___ O ct. 3 — H altlc, 5 ,5 9 9 _________________________ • 9 ,5 20
To G lasgow — S ep t. 27— F u m e ssia , 1 5 0 ______________________ - 150
To L o n d o n — S e p t. 28— M inneapolis, 5 0 0 ____________________
I 500
To H u ll— .Sept. 27— M artello, 9 0 0 - _______ _____________ ____- 11900
T o H a v re — S e p t. 2 7 — La B retag n e, 574 u p la n d . 40 foreign____
S e p t. 28 — S t. i.a u re n t, 1,050 u p la n d , 1 fo reig n ____________
1,665
To B rem en— O ct. 2 — F ried rich , 4 ,5 1 9 ------------------------------------ 4 ,5 1 9
T o H am b u rg — S ip t. 27— P e n n sy lv an ia, 8 0 0 ___ O ct. 2— K alserin
A u g u sta V ic to ria , 1 0 0 ................................ ...........................................
900
To A n tw e rp —S ept. 2 7 — V a d erlan d , 1 ,4 0 0 .............................. 1 ,4 00
To B arcelona— S e p t. 2 0 — T a n a g ra , 2 5 4 _______ ______ _______
254
To G enoa— S ept. 3 0 — B atav ia , 1 ,2 0 0 ___ O ct. 1 — Sannio, 5 0 0 - 1,7 00
To S y ra— S e p t. 28— M oral tOB, 1 0 0 . ....................................................
100
To T rieste— O ct. 3 — F ran cesca, 1 0 0 ___________ ______________
100
G A L V E S T O N —To Liverpool— S ep t. 26 — W illiam Cliff, 4 ,9 6 1 ____
O ct. 8 — In d ia n , 1 8 . 9 6 3 . . ....... ..................- ______ _____________ 2 3,92 4
To M anchester— S ep t. 27 — A scensclon de L a rrln a g a, 9 ,0 2 1 ___
9,0 21
To H av re—-Sept. 27—-M lram lchl, 7 ,7 9 3 __ S ept. 2 8 — C am eta,
3 ,7 3 9 ----- S ep t. 3 0 — M atad o r. 7 ,8 1 2 _________ ______ _______ 19,34 4
To B rem en — Sep1- 27— F ra n k fu rt, 1 1 ,6 4 6 ___________________ 1 1,64 6
To H a m b u rg — S ept. 2 7 — In c h m a rlo . 1 , 6 3 2 . . - .S e p t. 3 0 —
A b a ils, 2 , 7 3 8 . . ............................ - ......................................................... 4 ,3 7 0
T o A n tw erp — S ep t. 27— G reystoke C astle, 1 ,9 1 4 ............................ 1,914
2 ,1 5 4
___
6 .2 00
..................
3 ,7 50
14
T o ta l . . . . . . . 7 6 , 3 5 3 4 0 ,1 5 6 7 8 ,2 8 3
7 ,7 1 8
8 ,6 5 4
Total.
2 1 ,7 0 8
7 0 ,2 1 9
1 6,47 2
6,251
4 5 ,3 4 7
8 ,8 2 9
2 9 ,5 7 6
9 ,9 4 0
2 ,1 9 8
6 24
14
14 2 1 1 ,1 7 8
The exports to Japan since Sept. 1 have been 36 bales from
Pacific ports.
Cotton freights at New York the past week have been as
follows, quotations being in cents per 100 lbs.:
Sat.
CEN SU S B U R E A U R E P O R T ON COTTON G IN N IN G
TO S E P T . 2 5 .— 1
The Census Bureau issued on Oct. 2 its re
port on the amount of cotton ginned up to Sept. 25 from the
growth of 1907 as follows, comparison being made with the
returns for the like period of the preceding years.
1 ,4 00
1 ,9 1 4
654
M on .
20
Tues.
lf« i.
Thvrs.
20
20
20
30
18 ® 25
32
45
30
18 W25
32
45
30
18 @25
18 @ 25
20
M anchester ___ c. 17 @20
H avre ............_ . . c. «25
B re m e n ________ c. 30 @35
H am b u rg . ___ c.
18
c.
22 %
Antw e r p ____
G hent, v ia A nt . -C.
28 %
R eval, indirect _-c;
30
R eval, via C anal. .c .
B arcelona, S e p t. - C .
30
G enoa _________ c. 18 ft 25
F r i. ■
20
17 @20 17 & 2 0 17 @20 17 @20 17 @20
25
25
(725
a 25
25
25
25 .
30 @35
25
25
18
18
18
18
18
2 2% 2 2% @25 2 2% @ 25 2 2 % @25 2 2 % @25
28 %
2 8%
28%
2 8%
28%
30
30
30
30
30
.
32
45
32
. '2
30
32
45
45-
f
30
18 @25
32
45
a A nd 5 % .
L IV E R P O O L .- -By cable from Liverpool we have the fo llowing statement of the week’s sales, stocks, & c., at that port:
Sept. 13.
Sales of th e w eek __ ____ bales- 4 8 ,0 0 0
Of w hich speculators took . . 1,000
Of w hich e x p o rte rs to o k . . . 4 ,0 0 0
Sales, A m e r ic a n ..... ...............
3 9 ,0 0 0
3 ,0 00
A ctu al e x p o rt______ ______
F o r w a r d e d __
_________
5 3 ,0 0 0
T o tal stock— E s tim a te d _
6 64 ,0 0 0
Of w hich A m erican— E s t. ..5 5 5 ,0 0 0
1 6,00 0
T otal Im p a rt of th e week
Of which A m erican ______
5 ,0 00
A m o u n t afloat . ___________ . . 5 7 ,0 0 0
Of w hich A m erican______
3 4,00 0
Sept. 20.
Sept. 27.
1 ,000
1,000
3 2 ,0 0 0
4 1 ,0 0 0
2 ,0 0 0
3 4 ,0 0 0
1,000
2 6 ,0 0 0
9 ,0 0 0
4 7 ,0 0 0
6 0 6 ,0 0 0
5 0 1 ,0 0 0
3 4 ,0 0 0
2 7,00 0
2 ,0 0 0
5 0 ,0 0 0
6 2 7 ,0 0 0
5 1 8 ,0 0 0
1 6,00 0
3,0 00
9 1,00 0
7 0,00 0
121 ,000
1 03 ,0 0 0
Oct. 4.
4 9 ,0 0 0
1,000
3 ,0 0 0
3 7.00 0
9,000
7 5 ,0 0 0
5 5 8 ,0 0 0
4 6 0 ,0 0 0
3 6 ,0 0 0
2 5,00 0
1 7 4 ,0 0 0
1 5 1 ,0 0 0
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Spot.
Saturday.
Market,
12:15
P M.
1
^ Neglected.
j
Monday.
Tuesday.
Wed’day.
Thursday.
Friday.
Easier.
Fair
business
doing.
Moderate
demand.
Fair
business
doing.
More
demand.
Mld.Upl’ds
6.04
6.72
6.67
6.64
6.54
6.53
S a le s____
Spec.&exp.
3,000
300
8,000
500
7,000
500
10,000
1,000
7.000
1.000
8,000
1,000
Market
opened
Steady at. Steady at
1 4@5 pts. 5@6 pts.
J advance. advance.
Market,
4:30
P .M .
1 Steady at Steady a t S t’y a t 1% Steady a t
5@7 pts. 9@11 pts. pts. dee. to
7 @8%
advance. advance. 1 pt. adv. pts. dec.
Futures.
Quiet at
3@4 pts.
decline.
Steady a t
5 points
decline.
Quiet a t
4@5 pts.
decline.
Quiet,
3 points
decline.
Steady a t Very st'dy,
6% @7
5 @9%
pts. dee. pts. adv.
The prices of futures at Liverpool for each day are given
below.
Prices are on the basis of uplands, good ordinary
clause, unless otherwise stated.
The prices are given in pence and 100 ths.
Sept. 18
to
O ct. 4.
S e p t.
O c t.-N o v .
N ov.-D ec.
D e c .-J a n .
J a n .- F e b .
Feb.-M ch.
M ch.-A pr.
A pr.-M ay.
M ay-June.
J u n e-Ju ly .
J u ly -A u g -
Mon.
Sat .
12%i 1 2 %
p .m .
p.m .
a.
d.
d.
d.
6 0 2 % 0 9 % 12
_
_,.
-- r
98
96
95 H
96
97
9 7%
98
Thus: 6 23 means 6 23-100rf.
W ed .
T hurs.
Fri.
4 12% 4 i S H
4
1 2 % , 4 112 % 4 ' 2 %
p .m .lp .m .jp .m . p.m . p.m p.m . p.m . p.m . p.m . p.m .
C
i 2 3% 31%
17
6 08 14
5
5
5
5
5
5
5
Tue«.
04
03
% 07%
06
024 0 5 %
03
04
04%
<5
06%
07 4
08
09
09
— - 09
d.
d.
d.
d.
d.
18
11
06
d.
d.
d.
0 4 % 05 13%
10 12 10 05 9 9% 98 % 9 9% 08
0 5 % 0 7% 05
9 4% 934 92
01
00
04
06
98 4
0 3 % 98
93
91 % 90
894 98
0 3 % 0 5 % 03
97 4 9 2% 91
98 %
04 4 0 6 % 0 3 % 98
93
91 4 90
94
92 4 90 4 99
05 4 07 % i04 % 99
99 4
08
91
06
05
99 4 9 4% 93
00% 95 93 4 9 1% 00
06 4 0 8 % 06
00 % 95
99 4
0 6 % 08 % 06
93 4 91
0 0 % 95
93 % 90 % 99
0 6% 0 8 % 06
15
THE CHRONICLE.
876
BREADSTUFFS.
Friday, October 4 1907.
Prices for wheat flour have advanced on most grades, in
spite of the continued stagnation of trade. The principal
factor in the rise has been the strength of the wheat markets.
Exporters have withdrawn from the market, and domestic
buyers show no disposition to replenish stocks, believing that
purchasss can be made to better advantage later on. The
advances on many grades have therefore been largely nomi
nal. At the Northwest the market has been more active
for domestic account, and some advices from that section
are to the effect that the outlook for a good export trade
shortly is promising. Rye flour and corn meal have been
dull but strong.
Wheat has advanced mainly because of a large export
demand. That is predicated on reports of damage to the
crop in Canada, Australia, India and elsewhere. Canadian
receipts have been light, stocks in the American Northwest
have been decreasing and foreign markets have been rapidly
rising, especially those on the Continent of Europe. North
western prices have risen sharply. The reports from India
are pers stently bad, pointing to short crops, owing to
drought. Australia has been complaining of drought also,
and there is even talk to the effect that possibly Australia
may have to import wheat. That may be a mere exaggera
tion for speculative effect, but some Liverpool advices insist
that the Australian crop is practically a failure, and that if
it does not have to import, it will probably have very little
to export. On the other hand, not a few have been p;izzled
by the large world's shipments, notably from Russia. A
while ago Russ:a was sending some very gloomy reports
about the crop outlook in that country, bat more than once
of late prices have been depressed by the announcement of
very large world’s shipments in which the Russian exports
were a conspicuous item. At times, too, there has been very
heavy selling for “ long” account at-Chicago, partly, it is
supposed, by some of the leading bulls there. In the main,
however, a big export demand and rapidly advancing foreign
markets have been the dominant factors, especially during
the last few days. In two days the export business reported
amounted to some two million bushels. Europe, it appears,
has not only bought the actual wheat, but futures, and the
speculation has been growing on the idea that with short
crops in foreign countries and some falling off in the yield
in the United States, the foreign demand is going to be good
and prices higher. To-day prices were irregular. At one
time they were higher on strong cables, an active demand for
export, buying b y commission houses and covering of shorts.
On the rise there was heavy realizing, which caused some
recession. Some sold for a turn on the short side, but there
was no aggressive selling.
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN N E W Y O R K .
S a t.
M o n . T u es. W ed . T h urs.
F ri
106
1 0 6 )4 1 0 6 % 1 0 8 % 1 0 7 %
N o . 2 re d w in t e r _______ ____________ 106
D e ce m b e r d e liv e r y in e le v a t o r ____ 1 0 8 % 1 0 7 % 1 0 8 % 1 0 8 % 111
110%
M a y d e liv e r y In e le v a t o r ___________ 1 1 1 % 110J4 1 1 0 % 1 1 1 % 1 1 3 % 1 1 3 %
D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN C H IC A G O .
S a t. M o n . T u es. W ed . T h u rs. F r i .
D e ce m b e r d e liv e r y In e le v a t o r ____ 9 9 %
98%
98%
9 9 % 101
100%
M a y d e liv e r y in e le v a t o r ___________ 1 0 5 % 1 0 4 % 1 0 4 % 1 0 5 % 1 0 7 % 1 0 6 %
Indian corn futures have declined, owing mainly to favor
able weather in most sections and the growing belief that the
bulk of the crop is safe from damage from frost. There has
been considerable liquidation at times, and also more or less
short selling. The receipts have been larger and the stocks
of contract grade at Chicago is increasing. The Liverpool
advices have been unfavorable at times. Aggressive selling
has been held in check, however, by the strength of wheat
and also by reports of excessive rains in some parts of the
Southwest. Some damage has occurred from frost, though
it has not been important. To-day prices were easier, in the
main, on favorable weather and crop news and liquidation.
D A I L Y C L O S IN G P R I C E S O F N O . 2 M I X E D C O R N IN N E W Y O R K .
S a t.
M on.
T u es. W ed . T h urs. F r i .
C ash c o m _______ _______ _________________
71%
71%
74%
71%
71%
D e c e m b e r d e liv e r y in e le v a t o r ____ 71
70
69%
69%
70
70
M a y d e liv e r y In e le v a t o r ___________ 6 7 %
66%
67%
66%
66%
66%
D A I L Y C L O S IN G P R I C E S O F C O R N F U T U R E S IN C H IC A G O .
S a t.
M on.
T u es. W ed . T h u rs. F r iD e ce m b e r d e liv e r y in e le v a t o r ____ 5 8 %
58
58%
57%
58%
58%
M a y d e liv e r y In e le v a t o r ___________ 5 9 %
59%
59%
58%
59%
59
Oats for future delivery in the Western market have been
easier at times, owing to the depression in corn and long
liquidation. The speculation, too, has been dull, the manip
ulated character of the market tending to restrict outside
public trading. The weather has been favorable and the in
terior movement of the crop shows signs of increasing. There
has been little selling for short account, howevjr, owing to
the fear of manipulation by leading interests, who are be
lieved by some to still hold a considerable long line and to
be in a position to put prices higher if they choose. The
receipts of contract grade at Chicago have continued very
small. To-day prices were easier at one time on liquida
tion, but later they rallied on bullish crop news, bull
support and covering.
D A IL Y
C L O S IN G
O F O A T S IN N E W Y O R K .
S a t.
M on.
T u es. W ed . T h urs. F r i.
M i x e d ___________________ - ..................... 5 3 %
53%
53%
53%
53%
53%
W h it e c li p p e d _______________________ 6 1 -6 4 6 1 -6 4 6 1 -6 4 6 1 -6 4 6 1 -6 4 6 1 -6 4 %
D A I L Y C L O S IN G P R I C E S O F N O . 2 M I X E D O A T S IN C H IC A G O .
S a t.
M on.
T u es. W ed . Th urs. F r i.
O c t o b e r d e liv e ry In e le v a t o r _______ ____
____
51%
51%
51%
____
D e ce m b e r d e liv e ry In e le v a t o r ____ 5 2 %
52
51%
51%
52%
52%
M ay d e liv e r y In e le v a t o r __________5 3 %
53%
53%
53%
53%
54
P R IC E S
[V o l .
l ix x v
.
The following are closing quotations:
FLOUR.
.$ 4 00 @ 5 4 15 |K a n sa s s tr a ig h ts _______ 54 75 @ 5 4 95
L o w g ra d es, w in te r .
3 35 |K a n sas cle a rs ___________ 4 30 @ 4 40
S e co n d c le a rs___________ 3 20
4 60 I B le n d e d p a t e n t s ________ 5 75 @ 6 30
C l e a r s ___________________ 4 35
4 7 5 ! R y e flo u r ________________ 5 00 @ 5 35
S t r a i g h t s _______________ 4 60
N o m in a l.
6 40 I B u ck w h e a t f l o u r _______
P a te n t, s p rin g __________5 50
5 20 G ra h am flo u r ___________
N o m in a l.
P a te n t, w in te r __________4 90
___ I C o rn m e a l________________ 3 65 @ 4 30
K an sas p a t e n t s ________
___
G R A IN .
C o m , p e r b u s h .—
c.
W h e a t, p e r b u s h .—
c.
N o . 2 m ix e d , n e w _______ f .o .b .7 1 %
N . D u lu th , N o . 1 .......................120 %
N o . 2 y e llo w , n e w _______ f .o . b .7 4 %
N . D u lu th , N o . 2 ______f .o . b .1 1 8 %
N o . 2 w h it e , n e w ________ f .o . b .7 2 %
R e d w in t e r ,N o . 2 ______f.o .b .1 0 7 %
H a rd “
“
____ f.o .b .1 1 0 %
R y e , p er b u s h .—
O a ts, p e r b u s h .—
N o . 2 W e s te rn __________
94
N atu ral w h it e ..................56 % @ 58
S tate a n d J e r s e y _______ N o m in a l.
m i x e d ________
53%
@ 6 4 % |B a rle y — M a l t i n g ............... 115 @ 121
“
w h ite , c li p p e d -6 0
F e e d in g ________________ N o m in a l.
GOVERNMENT W E E K LY W EATH ER R E P O R T .—
Last Issue of the Season.— Mr. James Berry, Chief of the Climatological Division of the United States Weather Bureau,
made public on Tuesday the telegraphic reports on the weather
in the various States for the week ending Sept. 30, summariz
ing them as follows:
A b n o r m a lly c o o l w e a th e r p r e v a ile d d u r in g th e w e e k e n d in g S e p t. 30 o v e r
th e n o rth e rn h a lf o f t h e c o u n t r y east o f th e R o c k y M o u n ta in s, th e d e fic ie n c y
in te m p e r a tu r e b e in g g re a te st in th e L a k e r e g io n , ce n tr a l v a lle y s an d n o r t h
ern N e w E n g la n d .
L ig h t t o h e a v y fro s ts o c c u r r e d o n se v e ra l d a te s, bein g
m o s t gen eral o n th e 25th an d 26 th .
O n th e la t te r d a te lig h t frosts o c c u r re d
as fa r s o u th as eastern T en n essee an d w e ste rn N o rth C a ro lin a .
T h e m ean
te m p e ra tu re was s lig h t ly a b o v e th e n o rm a l In th e S o u th A t la n t ic an d
c e n tr a l a n d east G u lf S tates an d d e c id e d ly a b o v e in T e x a s and o n th e n orth
P a cific C o a st.
H e a v y rains o c c u r re d in th e A t la n t ic C oast d is tric ts , e x c e p t
in p o r tio n s o f V ir g in ia an d F lo r id a , th e a m o u n ts ra n g in g fro m 2 t o m o r e
tn a n 6 in ch es fr o m n o rth e rn V irg in ia t o N e w E n g la n d an d o n th e east
G u lf C oa st.
H e a v y rains a ls o o c c u r re d o v e r th e ce n tr a l M issouri an d
u p p e r M ississippi v a lle y s an d th e so u th e rn p o r t io n o f th e L a k e reg ion .
In
th e O h io an d ce n tr a l M ississippi v a lle y s , th r o u g h o u t th e c e n tra l an d w est
G u lf S tates a n d t o th e w e stw a rd o f th e u p p e r L a k e re g io n th ere w as n o p r e
c ip it a t io n , o r o n ly lig h t s h o w e rs. T h e re w as m u ch c lo u d y w e a th er in N ew
E n g la n d an d in p o r tio n s o f th e L a k e re g io n a n d S o u th A t la n t ic S ta tes,
an d th e re w as less th a n th e a v e ra g e su n sh in e In th e so u th ern P la te a u
re g io n an d o n th e PacH ic C oa st.
In th e c e n tra l M ississippi an d O h io v a lle y s
an d in th e M id d le A t la n t ic a n d c e n tr a l an d w est G u lf S tates th e sun sh in e
w as a b o v e th e n o r m a l.
The statements of the movement of breadstuffs to market as
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for each of the last three years have been:
Receipts at—
Wheat.
Flour.
Corn.
R ye.
Barley.
Oats.
bbls.imibs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushA&lbs. bu. 56 lbs.
720.400
103,204
2,661,275
187,322
1,181,173
5,172.227
C h ica g o ____
762,800
459.200
75,600
61,775
341.000
306.000
M ilw aukee.224,932 1,109,711
26,591
5,021
2,169,239
630,250 1,165,890
95,510
Minneapolis.
1,268,760
131,225
177.000
135.000
6,200
111.000
75,946
116.000
D etroit_____
21.035
" 5 ,600
121,444
196,637
" 2",695
Cleveland___
31.290
1,357
923.200
465,294
537,085
79,300
" 2,072
57,460
St. L ouis___
314,600
238,500
64,000
P e o r ia _____
26,000
37,000
13,050
______
______
295.000
191,000
Kansas City.
1,059,000
............
7,032,202
5,881,940 3,904,796 335.177
326,564
6,684,791
T ot.w k .’OT
5,448,292
510,184
5,684,043 2,307,632
7,546,157
161,683
Same wk. ’06
9,035,354
3,290,427
5,708,950 3,473,141
388,000
Same wk. ’05
553,737
Since Aug. 1
1907......... 2,938,970
1906_____ 3,981.799
1905_____ 3,612,419
50,827,445
51,795,880
54,549,874
34,918,625
32.277,813
33,068,706
47,287,088 10,997,297 1,450,751
984,534
44,170,431 9,242,979
54,621.620 13,587,080 1.621,871
Total receipts of flour and grain at the seaboard ports for
the week ended Sept. 28 1907 follow:
Receipts at—
New Y o r k _______
B o s t o n ________ _
P h ila d e lp h ia _____
Baltim ore_________
R ic h m o n d _______
New O rleans.*___
Flour,
bbls.
131,831
57,202
81,091
69,269
3,350
11,200
2,500
Wheat,
bush.
1,120,600
310,298
352,674
256,305
18,482
342,000
Corn.
bush.
47,300
38,514
27,000
43,125
43,994
145,000
Oats,
bush.
665,600
84.300
188,771
116,869
42,024
104,500
399,000
G alveston____
Mobile____________
M ontreal__
____
1,300
36,932
309,973
78,000
(iOO
27,685
______
22,052
Total week_____
W eek 1906_______
394,681
427,920
3,109,332
2,584,344
451,218
1,416,478
1,224.116
1,495,884
Barley,
bush.
78,000
78,000
R ye,
bush.
3,900
1,225
1,600
27,657
3,612
37,994
35,528
* Receipts do not include grain passing through New Orleans for foreign ports
on through bills of lading.
Total receipts at ports from Jan. 1 to Sept. 28 compare as
follows for four years:
Receipts oj—
1907.
Flour ................................. bbls. 14,172,545
W heat............................... bush. 78,843,716
C orn............................ . . . ........... 73,502,299
Oats________ ________________ 41,533,730
Barley _____ __________ _____
3,592,305
R y e ................ ............ .................
1.464,169
Total grain............................. 198,936,219
1906.
1905.
1904.
12,627,833
8,695,646
2,912.944
73,821,570
77,421,725
62,411,551
3,194,445
1,106,448
217,955,739
23.679,902
77,535,986
46,053,775
5,638.576
683,753
153,591,992
32,848,849
41,586,507
35,685,848
2,415,751
628,885
113,165,840
The exports from the several seaboard ports for the week
ending Sept. 28 1907 are shown in the annexed statement:
Wheat,
Exports pom —
bush.
New Y o r k ______ 768,413
B o s t o n __________ 286,565
P h ilad elp h ia____ 309,070
Baltim ore............- 273,988
New O rlean s____ 192,000
N orfolk....................................
G alveston............- 650,720
M obile.......................................
M ontreal_________ 603,565
Corn.
bush.
45,590
18,360
Oats,
bush.
36,760
249,169
10,488
Flour,
bbls.
64,069
11,759
41,913
50,366
5,745
25,000
3,330
1,30#
17,621
Total w eek____3,084,321
W eek 1906 ______ 2,548,988
445,982 198,603
712,979 342,211
102,555
665.583
121,775
600
Rye, Barley,
bush.
bush.
50,334 14,989
Peas,
bush.
4,438
16,521
49,274
..........
9,000
50,334 23.989
_____ 139,49t
4,468
5.937
The destination of these exports for the week and since
July 1 1907 is as below:
^
-FlowrWeek
Exports for week and Sept.28
since July I to—
bbls.
Since
July 1
- Wheat-
Week
1907. Sept. 28.
bbls.
bvsh.
Since
July 1
Week
1907. Sept. 28.
bush.
bush.
Since
July 1
1907.
bvsh.
5,207,426
8,366,315
116,082
485,861
25,482
7,650
United K in gdom ... 99,320 1,317,470 1,120,520 18,592,886
C ontinen t................ 47,858
609,739 1,945,801 10,503,151
So. and Cent. Amer. 18,839
86,092
18,000
127,579
West Indies_______ 32,286
350,055
............
14,800
Brit. No. Am. C ols..
300
12,838
....................... ...........
Other countries____________
129,247
______
21,735
212,216
199,614
12,186
21,966
Total....... ...............198,603 2,605,441 3,084,321 29,260,151
Total 1906 ................342,211 2,669,143 2,548,988 23,901,258
445,982 14,208,816
712,979 8,522,353
The visible supply of grain, comprising the stocks in gran
ary at the principal points of accumulation at lake and sea
board ports Sept. 28 1907, was as follows:
Wheat,
bush.
Corn,
bush.
Oats
bush.
Rye,
bush.
Barley,
bush.
New York......................... 1,079,000
afloat..............
............
Boston.............................
330,000
Philadelphia__________
793,000
Baltim ore..___________
827,000
New Orleans__________
501,000
Galveston...................... ..
562,000
Montreal......... .................
585,000
Toronto______________
15,000
B u ffa lo ........................... 1,322,000
afloat_______
______
Toledo_______ _____ _ 1,847,000
“
afloat_______
______
Detroit....... .....................
368,000
afloat_______
______
Chicago_____ _____ ...1 2 ,5 0 5 ,0 0 0
afloat_______
______
Milwaukee....... ............ ..
347,000
afloat..............
............
Fort William__________
790,000
Port Arthur................... 1,936,000
Duluth___________ . . . . 3,040,000
afloat..............
............
Minneapolis .................... 5,406,000
St. Louis______ ________ 3,968.000
"
afloat_______
______
Kansas City____ ______ 4,471,000
Peoria....... ........................
............
Indianapolis__________
693,000
On Mississippi River___
______
On L a k es...................... 1,430,000
On Canal and River___
926,000
25,000
375,000
5,000
19,000
84.000
63.000
226,000
355,000
93.000
23.000
5.000
Total Sept.28 1907..43,750,000
Total Sept. 21 1907..44,009,000
Total Sept. 29 1906..33,352,000
Total Sept. 30 1905..17,905,000
Total Oct. 1 1904..17,565,000
Toatl Oct. 3 1903 .. 19,489,000
Total Oct. 2190 2. .25,624,000
110,000
249.000
39,000
' 72:060
122.000
" F000
14,000
494.666
4.000
209,000
25",000
93 66o
189.666
364,666
12,060
92.000
66,665
82,666
284',000
463’,000
355:606
129~000
212:666
’ 7:600
:
10,000
181,000
13,000
1,654,000
63’ 66 o
75,000
1,095,000
363,000
63,000
6.000
1,169’,660
1,000
109.000'
341,000
89,000
155,000
1,199,000
54,000
25,000
984.001)
71,000
198,000
11,000
3.799.000
4.160.000
4.178.000
5.774.000
5.979.000
9.090.000
3.075.000
5.507.000
4.485.000
8.833.000
18,876,003
20,015,000
6.453.000
8.344.000
75T660
72,000
633.000
527.000
1.545.000
1.301.000
1.460.000
884.000
1.154.000
3.127.000
1.946.000
2.398.000
3.942.000
4.144.000
334,700
2.767.000
T H E DRY GOODS T R A D E .
Total
.................................
1 2 0.259 ,866
2 0 -592 ' ^ ^
9 9 ,6 6 8 ,0 9 -
9 9 ,666,092
233,667
394,435
394,435
628,102
2,687,994
3,229,099
541,105
2,687,994
9,662
4,356
9,662
114,488,368
14,018
440,305
25,072,514
114,488,368
8 6462 452 267
139,560,882
IM PO R T S;EN TE R E D FOR
CONSUMPTION FOR THE WEEK AND SINCE JAN.
1 1907 AND 1906.
Week
Ending
Week Ending
Sept. 28 1907.
• Since Jan. 1 1907.
Sept. 29 1906.
Since Jan. 1 1906 .
Pkgs.
Value.
Pkgs.
Value.
Pkgs.
Value.
Pkgs.
Value.
Manufactures of—
$
$
$
_
W o o l ........... ........................974
262,588
40,474
11,836,312
895
237,783
36,321
l l,0 3 9 ,0 8 .i
2,590736,043
120,925
38,532,849 2,651
819,343 111,931
3 4.523.12J
Cotton ......... ................................................
S i l k _______
1,441789,017
68,924
36,554,605
1,937
893,431
57,751
29,290,11<
F la x ......................................................................................
1,474388,336
69,222
15,976,009 1,740
403,57971,212
14,855,441
Miscellaneous ................................................................
2,167276,283
140,760
11,588,593 2,439
333,858117,220
9.958,331
614,625
174,320
440,305
W AR EH O USE W IT H D R A W A L S
THROWN
UPON
THE
M ARKET.
Manufactures of—
_A
W o o l ______ _____________
343101,258 ■ 13,099
4,164,296
365
113.066
12,266
3 ,9 5 4 ,0o9
Cotton _____ _____________
813286,429
26,469
8,551,377 557
180,413
21,248
6.6 2 1 .5 4 3
Silk _______ __________________________
341131,303
9,234
4,948,556 167
71,4758,740
4 ,888,05b
F l a x . ........... ........................
• 631149,023 • 18,330
4,559,754
459
105,515
14,103 •
1,73398,086
107,188
2,848,531 2,808
_ 70,636 177,310
2 ,049,532
Miscellaneous ________ _____________
3,218,366
223,774
3,761 766,099
8,646
2,452,267
4 ,5 8 3 ,1 3 9
6.7 7 8 .1 7 8
4,8 6 5 .0 3 3
3 ,4 7 2 ,5 7 6
2,3 6 4 ,9 4 8
1,668
The value of these New York exports since Jan. 1 has
been $8,408,412 in 1907, against $12,915,240 in 1906.
m arketed ............. ...1 2 ,4 0 7
22,06 3 ,8 7 4
99 ,6 6 6 .0 9 2
141,606
1,104
1,115
79,811
8,310
36,637
9,015
20,929
1,604
11,391
40,323
13,535
3,304,073
T o ta l........................................................... 6,651
Since
Jan. 1.
Total
IMPORTS ENTERED
FOR W AREH O USE
DURING
SAME P E R IO D .
Manufactures of—
15340,347
13,320
5,125,322 573
118,038
14,715
W o o l ...........................................................
708 267,231
28,933
9,687,939
703
208,833
21,599
Cotton .........
S i l k ..............
272143,502
10,282
5,344,426
220
118,740
8,734
F lax..............
399114,183
20,407
5,433,262
390
100,012
15,409
64473,689
91,181 ■ 3,553,171
1,576
70,456
143,712
Miscellaneous ................
121,7 2 9 ,9 6 9
143,632,488 13,124
Since
Week.
Jan. 1.
Week.
Great Britain.......................................... ..
53
1,352
20
Other E u r o p e a n ........................................
»
1,030
2
C h in a .................... ........................................ 1,913 18,148
___________
In d ia ...............................................................
35
6,043
10
A r a b i a ...........................................................
1024,420
_________
Africa .........................................................................
3,909
12
W est In d ie s......................... .......................
434
17.098
544
M e x ic o ...........................................................
20
1,826
11
Central Am erica......................................................
10,243
4
South Am erica.............................. .............. 3,479
36,373
205
Other Countries-........................................
698
21,164
860
Total withdrawals ........
Entered for consum ption..
598,604
604,428
----------1907---------- ----------------------1906----------
New York to Sept. 28—
.........................................................
2,176638,952
for consum ption.. 8,646
2,452,267
440,305
Total Imports_______________________10,8223,091,219
164,123
29,144,120 3,462
616,079204,169
114,488,368
9,662
2,687,994
394,435
Bleached goods are well under order with a fairly steady
demand for the low and medium count lines; there is less in
quiry, however, for the finer lines. Spot demand continues
unabated, but new business is slow. In sheetings a fair
amount of business is being handled, but purchases are
limited by the fact that these goods are sold ahead many
months. Brown sheetings are quiet and slightly easier for
4-yards. Most of the business in gray goods has consisted
of re-sales, with prices at second-hands showing further re
cessions. Prominent operators have been seeking narrow
standard print cloths, which has further reduced available
supplies, and has served to support prices for the wider
goods, which have been less active. Some lines of single
filling Southern duck are easier, but standard lines are well
sold and scarce for prompt shipment. Linings are dull, the
high prices serving to prevent a large trade. The market
for prints is rather quiet, owing partly to the recent advance
and also to the fact that spot goods are extremely scarce;
most of the business now being done is for forward delivery.
Staple ginghams continue in brisk demand and are, if any
thing, firmer. The export trade shows no improvement,
current business being of a miscellaneous character; there
has been some inquiry from Central America, Brazil and
Australia, but exporters claim that lower prices are neces
sary to stimulate any material increase in trade.
WOOLEN GOODS.— Staple dress goods are more in de
mand than novelties. Leading mills are well booked ahead
on plain fabrics, especially worsteds, but fancy wools still
drag. With the exception of medium-priced plaids, the out
look for both wools and worsteds could be better. Business
in dress goods is not uniformly good; there is a fair inquiry
for some lines, but a falling off in others; the average volume
of business handled so far, however, is quite satisfactory.
Some duplicate orders are being placed for spring, and some
mills are giving attention to fall 1908 lines. Jobbing trade
in dress fabrics is less active, but salesmen report good
orders for next spring on staple worsteds, fancy voiles and
plain and fancy mohairs. Current business, such as it is,
runs chiefly to voiles, staple piece-dyes and serges; while
broadcloths are in as great favor as heretofore. In men’ s
wear, woolen goods are not doing well; high-grade worsteds
are moving in fairly large volume, although high prices are
curtailing business on some lines. The high cost of linings
and labor have served to make clothiers very cautious.
With the exception of medium and light-weight fancies,
there is little doing in overccat'ngs.
FOREIGN D R Y GOODS.— Business for next spring in
imported woolens and worsteds has so far been well up to
last year’s volume at this time, and some buyers lately have
ordered quite freely, especially plain staples, being unable to
get satisfactory deliveries from domestic houses. Ribbons
continue in fair demand. There is little change in linens;
demand continues brisk, especially for housekeeping goods;
arrivals have been somewhat better. Burlaps are steadier.
Importations and Warehouse Withdrawals of Dry Goods.
a
g
g
w s
S
Total
Entered
New York. Friday Night, Oct. 4 1907.
October is usually a quiet month in the dry goods market,
especially in the cotton goods division; but, generally speak
ing, the volume of business handled so far has been quite
satisfactory, considering the money stringency and other
factors which have tended to restrict purchasing. The
further decline in the staple and continued selling by secondhands at concessions have had an unsettling effect upon
cotton goods, particularly unfinished goods, which are some
what easier for forward delivery; this does not apply, how
ever, to ginghams, standard prints and colored goods.
Buyers are looking for further concessions, but while a re
adjustment of values in the near future would occasion little
surprise, it is generally believed that such a readjustment
will not be radical; those who take this view, point to the
small stocks in first hands, the curtailment of production by
mills, and the fact that most of the latter are heavily booked
ahead, as strong arguments against any marked decline in
prices. Spot goods of all kinds are still in urgent request
and continue to command top prices, with only small quan
tities available. Print cloths have ruled rather quiet, with
the exception of narrow widths, which have continued in
strong demand, and the price of 28-incli, 64x60, is quoted
slightly lower. Gray goods are also somewhat easier.
Reports from retail centres indicate continued improvement
in the demand for fall merchandise; jobbers in consequence
are receiving fair orders with earlier re-orders than expected.
Cotton yarns show further declines under heavy offerings
by dealers, and conditions are rather in favor of buyers.
The export trade is still quiet and featureless. In men’s
wear the market is quiet, owing to the between-season’s
period. A moderate amount of business is being put through
in dress goods, principally staples, but conditions in this de
partment are more or less irregular. Generally speaking,
worsteds are moving much better than woolens.
DOMESTIC COTTON GOODS.— The exports of cotton
goods from this port for the week ending Sept. 28 were 6,651
packages, valued at $346,067, their destination being to the
points specified in the tables below:
877
THE CHRONICLE.
O ct . 5 1907. J
THE CHRONICLE
87*
[V o l . l x x x v
S E P TE M B E R BOND SALE S.
N a m e.
R ate,
M atu rU v1908-1914
8 7 9 .. A k r o n , O h io ............. . ................... 4 )4
1908-1910
8 7 9 ...A k r o n , O h io _______ . __________ 5
1908-1912
8 7 9 -..A k r o n , O h io _____________ ,____ 5
1937
7 4 5 ...A lle g h e n y C o u n ty , P a ________ 4
Page.
3 P * je
© h r o u it lje .
PUBLISHED WEEKLY.
T erm s o f Su b scrip tio n — P ayable in A d v a n ce
F o r O ne Y e a r ............................................................................................................ $10 00
F o r S ix M o u t h s ...........................................................................................................
t> 00
E u ro p e a n S u b s cr ip tio n (in c lu d in g p o s t a g e )..........................................
. - 13 00
E u rop ea n S u b s cr ip tio n s ix m o n th s (in c lu d in g p o s t a g e '..........................
7 50
A n im a l S u b s cr ip tio n in L on don (in c lu d in g p- s t a g e ) ............................... £ 2 1 4 s .
S ix M o n th s S u b s cr ip tio n in L o n d o n (in c lu d in g p o s t a g e )........................ £ 1 U s .
C a nadian S u b s cr ip tio n (in c lu d in g p o s t a g e ) ................................................. $11 50
S u b scrip tio n in clu d es fo llo w in g S ection s—
B a n k a n d Q u o t a t io n (m o n th ly )
I S t a t e a n d C it y (sem i-an n u a lly)
R a il w a y a n d I n d u s t r ia l (q u a rte rly ) |s t r e e t k a i l w a y (3 tim es y e a r ly )
The
R a ilw a y
and
I n d u s t r i a l S e c tio n , issu e d q u a rte rly , is fu rn ish e d
ivUi'.out extra charge t o e v e r y a n n u al s u b s c r ib e r o f th e C o m m e r c ia l a n d
F in a n cia l c h r o n ic le .
T h e S t a t e a n d C i t y S e c tio n , is su e d sem i-an n u ally, is a ls o fu rn is h e d
without extra charge to e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
T h e S t r e e t R a i l w a y S e ctio n , issu ed three, tim e s a y e a r, is lik e w is e fu r
n ish ed w ith o u t e x tra ch a rg e to e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
T h e B a n k a n d Q u o t a t i o n S e c tio n , is su e d m o n th ly , is a lso t u m is h e d w ith
out extra charge to e v e r y s u b s c r ib e r o f th e C h r o n ic l e .
Terms of Advertising—P er Inch Space
T r a n sie n t m atter p er m c h
(
a+__ j. „
)
S tan d in g B u s in e s s Cd,rda -?
(
sp ace (14 a g a te
T w o M on th s
T h re e M o n th s
g ix M o n tj18
T w e lv e M o n th s
lin e s )......................................... $ 4 20
(8 t im e s )................................ 22 00
(13 t im e s )................................ 2 9 00
(26 t im e s )............... .................50 00
(5 2 t im e s )................................ 87 00
C H I C A G O O F F I C E — P lin y B a rtle tt, 513 M o n a d n o ck B lo c k .
L O N D O N O F F I C E —E d w a r d s & S m ith , 1 D ra p e r s ’ G ard en s, E . C.
W IL L IA M
B . D A N A C O M P A N Y , P u b lis h e r s ,
Pine Street, Corner of Pearl Street,
Post Office B ox 0 5 8 .
NEW Y O R K .
MUNICIPAL BOND SALES IN SEPTEMBER.
Sales of municipal bonds in September aggregated $46,807,087. Temporary loans to the amount of $4,996,164
and Canadian loans in the sum of $681,390 were also negotiated
during the month, but these are never included by us. Of
the total, over four-fifths represents sales made by New York
City, and, with the exception of May 1904, when $55,110,016
bonds were placed, it exceeds any other monthly output ever
recorded. As is the case this month, the New York City
sales in May 1904 were responsible for the magnitude of the
month’s total.
This city offered $40,000,000 4 ^ s on Sept. 10 and 886
bids were received, the whole loan being subscribed for
several times over. The $35,000,000 50-year bonds sold
at 102.063, as against 100.94 received in May 1904 for
$32^000,000 50-year bonds bearing only 3 ^ % interest.
The $5,000,000 10-year assessment bonds offered on Sept. 10
were sold at 100.30, an increase of only .17 over the price
received for the same amount of 3 }o % bonds sold in May
1904.
Of the other sales during the month very few were for
large amounts. Among the larger may be mentioned the
following: Chicago (111.) Sanitary District, $1,000,000 4s;
Buffalo, N. Y ., $604,862 4s; Alleghany County, Pa., $300,000 4s, and Jackson, Miss., $216,000 6s.
A number of municipalities made unsuccessful attempts
during the month to float securities. The larger issues
offered but not sold were as follows: $412,000 4s of Grand
Rapids, Mich., $400,000 4s of Spokane, Wash,, $200,000 of
Everett School District No. 24, Wash., $155,000 5s of Rocky
Mount, N. C., $125,000 4s of Muscatine County, Iowa.,
$100,000 of Shelby, N. C., and $90,000 4s of Newport, R. I.
The number of municipalities emitting bonds and the
number of separate issues made during Sept. 1907 were 138
and 236 respectively. This contrasts with 220 and 301 for
August 1907 and with 204 and 285 for Sept. 1906.
For comparative purposes we add the following table,
showing the aggregates for September and the nine months
for a series of years:
M o n th o f
Septem ber.
10 0 7 ______$4 6 ,8 0 7 ,0 8 7
1 9 0 6 ______
8 ,9 8 0 ,4 1 8
1 9 0 5 ______
9 ,8 2 5 ,2 0 0
1 9 0 4 ______ 10,694,671
1 9 0 3 ______ 8 ,7 6 2 ,0 7 9
1 9 0 2 ...........
9 ,1 7 9 .6 5 4
1 9 0 1 ........... 1 4 ,4 0 8 ,0 5 6
1 9 0 0 ______ 4 ,0 3 3 ,8 9 9
F o r the
N in e A Ios.
$ 2 0 1 .7 4 0 ,2 6 5
15 3 ,1 5 2 ,3 4 5
1 41 .021 ,72 7
197 ,9 2 1 ,6 5 7
111 ,745,993
1 17 ,678 ,85 5
99,324,001
9 7 ,194,441
M o n th o f
S eptem ber.
1 8 9 9 .............$ 7 ,2 0 1 ,5 9 3
1 8 9 8 ............ 6 ,1 7 3 ,6 6 5
1 8 9 7 ............. 9,272,691
1 8 9 6 ............. 3 ,6 9 3 ,4 5 7
1 8 9 5 ............1 1 ,4 2 3 ,2 1 2
1 8 9 4 ,........... 8 ,2 4 9 ,3 4 7
1893’____ . _ 3 ,8 8 5 ,1 3 7
1 8 9 2 ____ 6 ,2 4 2 ,9 5 2
F o r the
N in e M o s .
$95 ,0 2 6 ,4 3 7
8 3 ,1 5 0 ,5 5 9
1 0 6 ,3 8 7 ,4 6 3
5 6 ,2 2 9 ,4 1 6
9 2 ,2 5 3 ,9 1 6
9 0 ,4 5 4 ,8 3 6
4 0 ,9 7 4 ,5 6 6
6 3 ,5 8 3 ,8 3 4
In the following table we give a list of September loans to
the amount of $46,807,087 issued by 138 municipalities.
In the case of each loan reference is ma,de to the page in the
“ Chronicle” where an account of the sale is given.
817.
879676676.
745746818.
746879.
87 9 81887 9 87 9 879.
88 0 61 5 746.
746.
67 6 81 8 74 7 88 0 880 676.
67 6 676.
67 6 747.
67 6 74 7 818.
88 0 880.
81 9 74 7 676 81 9 819.
615 615.
74 7 676.
676.
676.
676.
880.
819.
676.
880.
819.
881 88 1 881 881.
820.
881
881.
677.
881.
749.
749.
881.
749.
881 .
677 .
820 820.
881820.
881 .
820677 .
881 .
677_
749 .
677 .
677 .
677 .
820.
881 .
749 .
881 .
881 .
749820 881820 749 .
821 .
.A n n a n d a le S ch . D is t ., C a l . . _
1937
.A p p l i n g C o u n ty , G a __________5
1908-1918
.A r c h o ld , O h io ----------------- . --------5
1917
-B e lla ir e , O h io ___________ ______ 4 )4
-B e llm o n t S . D . N o . 4 0 , 111-------5
1909-1922
.B e l o it C ity S c h o o l D is t ., W l s . 4 y
d l9 1 7 -1 9 2 7
.B o z e m a n , M o n t _______________ 5
<*1917-1947
.B r o w n w o o d , T e x a s ___________ 5
1908-1937
.B u f fa lo , N . Y __________________4
1927
.B u f fa lo , N . Y --------------------------- 4
.B u f fa lo , N . Y ................................. 4 1908, ’ 10 & ’ 1
.B u r lin g to n C o u n t y , N . J ---------4 >4
1913-1923
.B u t le r , P a ____________________ _ 4
-B u t le r S c h o o l D is tr ic t, P a ___ 4
<*1918-1928
.C a lifo r n ia , M o ________________ 5
d l 917-1937
.C a m p b e ll C o u n ty , T e n n ______5
1908-1917
.C a r r o llt o n , O h io (2 I s .) -----------5
.C a s h m e r e , W a s h ______________5
.C e n tr a lla , W a s h ----------------------- --1927
.C h e b o y g a n S c h . D is t ., M i c h . . 5
1908-1917
. C h e lm s fo rd , M ass______________4 )4
1909-1926
.C h ic a g o S a n ita ry D is t ., I l l ___ 4
<*1917-1927
.C h llllc o th e Tnd. S. D ., T e x . . . 5
1947
-C in c in n a ti, O h io ----------------------- 4
1937
.C in c in n a ti, O h io _______________ 4
1927
.C in c in n a ti, O h io ----------------------- 4
1922
.C in c in n a ti, O h io _______________ 4
1957
.C in c in n a t i, O h i o . _____________ 4
1957
. C in c in n a ti, O h io . . ____________ 4
1909
-C in c in n a ti, O h io -----------------------4
1908
.C la r k C o u n ty , O h io ___________ 4
1908-1911
.C o h o c t o n , N . Y ___ __________ . 5
a l9 2 3
.C o r n in g , N . Y ------------------------- 4
.C o r t la n d t U n . F ree S ch . D is t.
1933-1937
N o . 8 , N . Y ________ - _______ 4.3 5
1909-1913
.C r o o k s v llle , O h io ________ . ___ 5
1917& 1918
.C u y a h o g a C o u n t y , O h io ______ 4
1909-1913
.D a r k e C o u n ty , O h io __________4 )4
1908-1910
.D a r k e C o u n ty , O h io ____ . . . - 434
1913
. D a y t o n , O h io ____ . . . . . . . . . . 4
1921
. D a y t o n , O h io --------------------------- 5
<*1910-1917
. D l ll e r S c h . D is t. N o . 7 0 . N e b . 6
. D u r a n t , I n d . T e r . (2 i s . ) ______5
1908& 1565
.E a s t C le v e la n d , O h io __________5
.E lk in s , W . Y a . (2 i s . ) ............... 5
.E n g la n d S c h o o l D is tr ic t, A r k . 6
1909-1913
- E s c a n a b a , M ic h ___________ . . . 6
<*1913-1927
. F a ir fa x , M in n _________________ 4
1908-1931
. F l in t S c h o o l D is tr ic t, M ic h ___ 4
<*1917-1941
-F r a n k lin , W . V a . _ .....................6
.G o ld t h w a it e , T e x
_________ 5
.G r a n ite C ity S. D . N o . 113,111. 5
-G r a p e v in e I n d . S. D ., T e x — 5
.G u th r ie , O k la (4 I s .) ________ __5
.H a m b u r g , N . Y _______________ 5
.H a r r is o n -P o t ta w a t a m le
D r.
D istrict N o . 1, I o w a -----------6
.H i n t o n , W . V a ________________ 6
.H o llis t e r S c h o o l D is tr ic t, C a l. 4 y,
-H o p e w e ll, N . J ------------------------- 4
.I t h a c a ,M ic h ___________________ _4 )4
.I t h a c a , N . Y ...................................J4.75
14 J4
.J a c k s o n , M i n n __: . . . . . ------------6
.J a c k s o n , M iss---------------------------6
.J a m e s to w n U n. F r . S. D -.N .Y . 5
.J a s p e r , I n d _____ ______ ______ __3 )4
-J a y C o u n t y , I n d ----------------------- 6
.J o h n s t o w n S. D . N o . 5 . N . Y . 5 )4
.K a n s a s C ity S c h . D is t ., K a n . 4
.K e w a n e e , 111___________________ 5
. K i n g C o . S. D . N o . 161, W a sh 5
. K itsa p C o u n ty S. D ., W a s h . . 5
.L a k e C o u n ty , C a l----------------------5
-L a k e w o o d , O h io (2 I s .) -----------5
.L a w r e n c e b u r g , T e n n ---------------5
.L e n o ir C ity , T e n n -------------------5
.L e w is t o n , M e --------------------------- 4
.L i s b o n , O h io .................................. 5
.L i t t l e F a lls . N . Y -------------------. 5
.L o c k p o r t , N . Y ______________-4 .9 5
.L o r a in , O h io ___________________ 4S4
.L o u is v ille , K y -------------------------4
-M a d is o n C o ., O h io (12 I s .) ___ 5
.M a rs e ille s S. D . N o . 155, 111.. 5
.M a n k a t o . M in n . (2 i s . ) _______ 4
-M a n s fie ld , O h io . ........................ 4
.M a y s v llle S ch o o l D is t ., K y ___ 4
.M e n d o n , O h io (2 I s .) ..................5
.M e r c e r C o u n ty , O h io (5 I s . ) . . 4 )4
.M ia m i C o u n ty , O h io ................... 4
.M o n r o e C o u n ty , F la ________ __5
6 1 7 . . M organ T w p . S c h . D is t .. O h io 6
8 8 2 . .M u s c a t ln e C o u n t y ,I o w a
4
7 5 0 . .N e w a r k , -O h io --------------------------- 4 H
7 5 0 -.N e w a r k , O h io ________________ _ 5
8 2 1 . .N e w b u r g h , N . Y . . .................... 4 )4
7 5 0 .- N e w R o c h e lle ,N . Y ____ _______ 5
7 5 0 . -N e w R o c h e lle , N . Y ___________ 5
7 5 0 -- N e w R o c h e lle , N . Y .................... 5 ’ 17,
7 5 0 . .N e w R o c h e lle , N . Y ___________ 5
7 5 0 . .N e w .R o c h e lle , N . Y - . ............. 5
S 8 2 . .N e w Y o r k C it y ________________ 3
8 8 2 - . N e w Y o r k C it y ________________ 4
6 7 8 . -N e w Y o r k C it y ___ ____________ 4 'A
6 7 8 - .N e w Y o r k C it y ------------------------- 4 )4
7 5 0 . -N o r w a y T o w n s h ip , M ic h ______6
8 8 2 - .O w e g o , N . Y ___________________ 4 )4
6 1 7 . .P a s s a ic C o u n t y , N . J . (2 I s . ) . . 4 )4
8 2 1 . . P a w P a w , M ich . (3 I s .) -----------5
8 8 2 . . P e lh a m M a n o r, N . Y --------------- 5
8 8 2 -_ P e n n T o w n s h ip S c h . D is t -------5
»
6 1 8 - -P h ila d e lp h ia , N . Y . .............
8 8 2 - - P in c k n e y v llle S. D . N o . 50,111. 5
6 7 9 --P l;> in fi(ld , N . J ..............................5
8 8 2 . .P la n k ln t o n , S o . D a k ---------------5
8 8 2 -.P l a n k i n t o n , S o . D a k ..................5
8 8 3 . . P le a s a n t T w p . S . D . N o . 9 , O . 6
6 8 0 . .P o l k ..C o u n ty , I o w a ............................
8 2 1 - . P o s e y C o u n ty , I n d -------------------4
8 8 3 - -Q u a n a h I n d . S c h . D is t ., T e x . 5
8 2 1 ..R e a d l n g , O h io ------------------------- 5
8 8 3 . - R e d L a k e C o u n t y , M in n .-------6
7 5 1 . .R o a n o k e R a p id s G r.S . D ..N .C 6
8 8 3 . -S a g H a r b o r S . D . N o . 11 .N .Y . 4 )4
8 8 3 . . 5 . . .B e r n a rd , O h i o .......................4
8 8 3 . - S t . C la irs v llle , O h io ----------------- 4
6 8 0 . . 5 . . P a u l, M i n n . . . ............. ..
4
821 ..S fr . L o u is , M o ---------------------------3.65
6 8 0 . -S a n d u s k y , O h io --------------------- 4
8 2 2 . ..5 .n t a B a rb a ra , C a l . ..................4 )4
8 8 3 -.S h e r a d e n , P a -----------------------. . . 5 ’ 17
<*1912-1947
1915
<*1927-1947
<*1917-1937
1912
1’927
1923-1936
1909 1915
1907-1911
1909-1918
1927
1915-1923
< il908-1917
1908-1912
<*1917-1927
1937
1937
1908-1917
1908-1912
1927-1936
1947
1908-1912
a l9 1 7
1912-1927
1908-1912
1927
1908-1917
1909-1917
<*1912-1927
1908 & 1909
1910-1914
1908-1911
1908-1927
1912
1917-1926
’ 19. ’ 21 ’23,
1917-1919
1917-1919
1956
1957
1957
1917
1910
1908-1922
(1914
1915
\ 1916
I 1927
11919
191 2-1 919
1908-1929
1912-1923
A m o u n t.
P r ic e .
$14 ,200 100.57
750 100 .70
3,9 5 0 1 0 0 .5 0 6
j 2 00 ,000 100.25
\ 100,000
19.000
100.10
105 .578
50.0 0 0 1 0 0 .1 0
5.0 0 0 1 02 .06
10.000 102 .29
4.0 0 0 100
130 .000 1 *0 ,8 5
2 5 .000 100
2 0 .000 103.50
300.000
...........
200.000
104 ,862 x100
5 5 , 00 101.09
9.0 0 0
15.000 100
5 0 .000 100.01
5 0 .0 0 0
18,240 101 .5 9
13,200 100
22.500 100
24.0 0 0 102.75
6,5 0 0 100
1 ,000,000
..........
1 5 .000
1 0 .000
24.000
10.000
8 .0 0 0
12.500
17.500
102
1 0 1 .5 0 5
101.104
1 0 1 .2 5 5
101.131
1 01 .166
101.148
10.000 100
2 ,4 0 0 100
2.000 ieo
75,0 0 0 100
000 100
,000 102 .73
633 100
,0 00110 0.6 85
,000/
,500110 0.1 14
.000]
,000 102.50
,000 100
,600
000
,000 100
,500 100 .012
,000 100
,000 100
I
\
3 .000 100 .3 3 3
500
100
5 ,000 100
4 ,000 101.25
11 ,700 100
90 ,0000100
2 ,500 1»0
25,5 8 5 1 0 2 .Z8
2 5 .0 0 0 105 .60
45 000 100
18,000x 100
1 6 ,0 0 0 .v
54.000
3.0 0 0 . . . . ____
5 .0 0 0 101 .80
2 16 .000 109.30
1 05 .000 1 03 .188
7 .0 0 0 100
.22,000 100
2 ,5 0 0 1 0 2 .5 0
4 6 .000 100
13.000
2 .0 0 0 100
20.000 100
3 7 .000 100
5.200 100 .346
25.000
2 5 .000
1 74 .000 100
7 ,3 0 0 102.082
10.000 100 .10
1 2 ,000 100
5 0 .000
2 87 .000
100
29,4 0 0 101 .2 1 5
15.000 102 .546
2 5 .0 0 0 100
1,400 100 .089
30.0 0 0 100
17.500 102.008
7 8 .5 0 0 101.132
50.000 103.03
2 7 .0 0 0 100
( 600 102
1 600 101
11,200 1 03 .333
25.0 0 0
5.0 0 0 100.64
4 ,0 5 0 100 .424
8 0 .0 0 0 100.37
1 8 .000 1 0 0 .2 8
50.0 0 0 102.63
’ 25 2 5 .0 0 0 102.52
15.000 101.68
1 7,136 101.678
8 5 ,0 0 0 *1 0 0
10.5 0 0
3 5 ,0 0 0 ,0 0 0 102 .063
5 ,0 0 0 ,0 0 0 100.30
3.000 101 .666
1 5.000 V a r.
10.000 100.30
1 0.000 100 .34
10.000 100.37
40.0 0 0 100.66
20.0 0 0 100.46
95.0 0 0 100
8 .0 0 0 100 .062
2 2 .0 0 0
6 ,0 0 0 10 * . 10
2.000 ieo
1 0,008 100
<*1917-1927
1927
1909& 1910
<*1927-1947
1927
1917
1920-1939
' *1937
8.000 1#*
3 .0 0 0 10(#
1,6 0 0 102 .562
97.0 0 0
66.000
2 0 ,0 0 0 10<»
8 .2 0 0 107
18.000 ioe
1 0.000 100 .76
30.000 100
10.000 . . , --------12.253
50,000x10®
130.000
'1937
1927
3.000 100
1912
50,000 100.10
1908-1947
, ’ 22, ’ 2 7 , 32 , ’37 85.00# . . . . . .
Oo*. 5 leor.j
THE CHRONICLE
R a te.
N a m e.
R ate.
8 2 2 __S hrrndon S c h o o l D is t ., P a ___ 5
8 2 2 __S U v e r t o n .O h l o ._ _ _____________4 3^
6 8 0 ._ S p d n g li< .ld , O n lo _____________ 5
8 8 8 - - T a u n t o n , M ass________________ 4
681 . . T i f f i n , O h io ______.......................... 4
8 8 S -_ T o I e d o , O h io (7 i s . ) ..................5
6 8 1 _ .T o p e k a , K a n _________________ 5
6 1 9 - .T r e n t o n S. D . N o . 11, N e b
6
8 8 3 _ .T r o y , N . Y . (2 i s . ) ____________ 4 H
8 8 4 -_ T r o y , O h i o ____________________ 4
7 5 2 _ _ T u csor S. D . N o . 1, A r iz ______5
8 2 3 . . U v a ld e I n d . S ch . D is t ., T e x . . 5
8 8 4 - . T a n W e r t , O h io (2 I s .) _______ 4
6 2 8 . .W a r r e n C o u n t y , I n d __________4
7 5 2 . .W a r r i c k C o u n ty . I n d . (40 Is.) 4 H
8 2 4 . -W a s h in g t o n , I n d ______________4
8 8 4 - . W e e h a w k e n T o w n s h ip , N . J . . 4
8 8 4 ..W e l l i n g t o n . K a n . (3 i s . )
4H
M a tu r ity .
1937
1932
1908-1912
1937
19 22
v a rio u s
1908-1917
190 8-1 927
1917-1926
1927
' *1912
1909-1818
681 . . W e s t C o n sh o h o ck e n S c h o o l
D is tr ic t, P a _________________ 4
8 8 4 . .W e s t .P a lm B ea ch S p e cia l S ch .
D is t. N o . 1, F l a . .................... i
8 8 4 __W l Iteh ali T o w n s h ip , P a
4
8 2 4 „ W h ite P la in s . N . Y .................... 5
8 8 5 _ _ W o id s fle ld , O h io _______
I
8 2 4 _ _ Y o n k e r s S en . D is t ., N . Y
4yi
7 5 3 — Y o u n g s t o w n , O h io ____________ 5
7 5 3 . . _Y o u n g s t o w n , O h io ____________ 5
6 2 0 _ .Z a n e s v ille . O h i o . . . ................
5
(11917-1927
1912
1908-1917
l t f4 0 -l» 4 6
1909-1913
1909-1913
1908
A m o u n t.
P r ic e .
3 0 .000
7 ,6 0 0 100
24,0 4 1 101 .189
4 5 .0 0 0 100
2 5 .0 0 0 100.792
7 6 ,9 2 7 x 1 0 0
8 2 ,6 8 9 100
10.0 0 0 100 .55
130 ,948 100 .5 8 9
28.0 0 0 100
5 0 .0 0 0 100
4 0 .0 0 0
6,5 0 0 100
7 0 .0 0 0 101.51
26 ,417 100
10.000 100
2 7 .0 0 0 100
65.000
100
? 5 ,600 100.50
{ 1 ,0 0 0 101 .50
11.000 101
11,400 100
40.0 0 0 100
15.000 100 .666
3 8 .0 0 0 100 .084
5,0 4 1 1 00 .773
7 0 .0 0 0 104 .698
13,2001 102.261
1 5 ,1 6 5 /
11,500 100 .06
T o t a l b o n d sales f o r S e p te m b e r 1907 (138 m u n ici
pa lities c o v e r in g 236 se p a ra te issu e s)_______________ fc$46,807 ,0 8 7
a A v w a g e d a t e o f m a t u r it y , d S u b je c t t o c a ll in and a fte r t h e earlier
y e a r a n d m a tu re in t h e la te r y e a r , k N o t In clu d in g $ 4 ,9 9 6 ,1 6 4 o f te m
p o r a r y loan * r e p o r te d , an d w h ic h d o n o t belone- in th e lis t, x T a k e n b y
s la k in g f* n d as an In v e s tm e n t, v A n d o th e r c o n s id e r a tio n s .
B O N D S S O L D B Y C A N A D IA N
P a g e.
N a m e.
R ate.
8 8 0 .; . East W a w a n o s h , O n t . . . . . . . 4
8 8 # . .E d m o n t o n , A l t a ______________C
A m o u n t.
$3,000
£ 1 7 6 .4 0 0
P r ic e.
95
93
R E V IS E D T O T A L S F O R P R E V IO U S M O N T H S .
P a g e.
N a m e o f M u n ic ip a lity .
A m o u n t.
7 4 8 -.G a s h m e r e , W a s h . (A u g u st l is t ) ___________________________________$ 13 ,200
8 £ l - . I s l t p U n io n F ree S c h . D is t. N o . 1, N . Y . (A p r il l i s t ) __________ 25,000
6 7 7 . . M a g n o lia , M iss. (M a y l i s t ) ________________ _______________________ 25,000
6 8 0 . . P o l k _C o u n t y , I o w a (M a y lis t ) __. . ______ . . . . . __________________ 117,000
b‘ 8 0 ..8 & r c o x l e . M o . (M a rch lis t ) ____________ . . . . . . . __________________ 10,000
We have also learned of the following additional sales for
previous months:
M a tu r ity .
1908-1917
1912-1926
1909-1918
1910-1912
1908-1927
190 8-1 912
1927-1937
1912-1921
1908-1921
<*1917-1922
<*1912-1917
1927
1908-1917
<*1917-1927
1919
<*1912-1927
1908-1912
1908-1917
1917
1917
<21917-1927
<*1912-1927
1908-1922
1937
1927
<*1922-1927
<*1908-1927
<*1917-1947
A m o u n t.
P r ic e .
4,422 100
10.000 100.25
$15,000
50.000
3.000
6 .0 0 0
1.000
53.250
10.000
7.000
24.500
1,200
50.000
18,790
30.000
125.000
100
95
100.866
100
101.275
104.817
100.29
100.714
101
104.166
100
100
666.000
25.000 100
3.000 100
23.500 100
4 ,0 0 0 101.87
4 .0 0 0 101.887
4 3 .0 0 0 100.883
10.000 100.60
15.0 0 0
5 0 .000
3.0 0 0
9 .0 0 0
2 0 .000
15.000
100
100
100
100
- ................
101 .333
9.0 0 0 101 .25
3 .0 0 0 100
2 0 .0 0 0 103
All the above sales (except as indicated) are for August.
These additional August issues will make the total sales (not
including temporary loans) for that month $22,236,152.
News Item s.
Pitt County (P. O. Greenville), N. C .—Petition for Temporury Injunction Denied.— Judgj Lyon of the Superior
Court on Sept. 23 denied the petition of A. D. Cox, H. T.
King and others for a temporary injunction to enjoin the
Pitt County Commissioners from issuing $50,000 bonds to
apply to the location of the Eastern Carolina Teachers’
'IValning School and other purposes. The Court held that
the Act of the General Assembly authorizing the issuing of
bonds under which the election was held is constitutional
and valid,
Portland, Ore.—Litigation.— On Sept. 19 Francis L. Mc
Kenna brought suit in the Circuit Court to test the validity
of the $3,000,000 4% water 25-year bonds voted on June 3
1907. These securities were issued “ for the construction of
additional pipe line or conduit from the head-works on the
Bull Run River to the city of Portland and for the purchase
of land for the construction of reservoirs and for the purchase
of water meters and for the installation of a meter system
in the supply of water.” The “ Portland Oregonian” of Sept.
30 prints the following as the grounds for the suit:
“ T h atth e City Council had no legal authority to frame an amendment to
the city charter authorizing such bonds: that the City Auditor had no legal
authority to place the bond question on the official ballot; that the bonds
South Carolina.— Stolen Bonds Declared Valid.— The Su
preme Court of South Carolina on Sept. 27 handed down a
decision upholding the validity of the bonds alleged to have
been stolen from the State Treasurer’s office during the
period from 1896 to 1901. Interest on these securities was
stopped July 1 1907 in accordance with a notice published
by the State on May 16. See V. 84, p. 1318. This opinion
is the result of an application made by Edward Ehrlicli of
Columbia on June 17 for a writ of mandamus to compel
the State Treasurer to exchange bond No. 2525, held by him,
for a certificate of stock. This bond was issued in 1893,
matures in forty years, subject to call after twenty years,
coupon in form, bears 4J^% interest, and is secured by a
lien on the phosphate beds and a cumulative sinking fund
derived from phosphate royalty. According to the Charles
ton “ News and Courier” of Sept. 28, the bonds involved
were “ returned for cancellation, were not canceled by the
Bond Clerk, Daniel Zimmerman, as required by law, but
were again put into circulation by Zimmerman and eventually
passed into the hands of innocent purchasers.”
M U N IC IP A L IT IE S .
M a tu r ity .
1908-1927
file following items, included in our totals for previous
months, should be eliminated from the same, as the sales
hare not been carried to completion. We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
P a g e.
N a m e.
R ate.
7 4 5 . . Ashland, Ore ................................ 6
0 7 6 . . Bellevue, Ohio........ .....................5
747-.QLaverack & Ghent U n. Free
Sch. D ist. N o . 6. N . Y ...........4Y>
67fi-.C lo q n et, M in n ________________ 5
747 -.O o d o ra School D istrict, C a i .. 6
8 1 9 . .0 0 1 .lU e ._W a s h _______ , .............. 5
8 8 0 ..D e l _Mar School D istric t.C a i.. 6
8 1 9 -.D o w a g la c . M ich_________ . . . . 5
6 7 6 . .B a s t Syracuse, N . Y __________4.65
0 7 6 -.F a rm in g to n , M inn____________ 5
7 4 8 ..F r a n k lin S. D . N o . 2 . M i c h . .. 5
8 1 9 . .G a lla tin Co. S. D . N o.59,M on t 6
6 7 6 . . H ancock, M ich_______________
5
8 2 0 ..H u tc h in so n , K a n ______________5
6 1 6 . .1 .e r v ille Parish .Sch. D ist., La 5
8 2 0 . . 1.d ia n a County, Pa. ( M a y ) .. 4
7 4 9 ..1 .h a o a ,.N . Y . (July).........................
6 7 7 . . Kingston. N . Y ............................4
6 7 7 . . Lane_C ounty. K an. (July)___ 4 %
7 4 9 . .M ercer County. Ohio (3 i s . ) . . 4
6 7 7 . . Montpelier, Ohio......................... 4M
6 7 7 ..M o n tp elie r. O hio_____________ 4 K
6 8 0 . . 5 . . _Joseph, M ic h ______________4 H
680 . . Sarcoxie , M o___________________ 5
8 2 2 . .5 .o h o m is h County Sch. Dist.
N o . 8 9 , W a sh _______________ 5
8 8 3 . . 9 0 . S h a ro n S . D .. Pa. (J u ly ). 4 X
680._Spencerport, N . Y ____________ 5
6 8 1 -.S ta m b a u g h , M ic h ____________ 6
6 8 1 . . 5 .is s v a la . P a __________________4 K
681._YV ashburn._W l s _______________ 5
1 19— U valde Oo. S. D . N o . 5 , Tex.
( M a y ) _______________________ 5
7 5 3 . -W h a tco m Co. S. D . N o . 17,
W ash . ( J u ly )_______________ 5
8 8 4 . . W harton_C ounty, T e x ________ 4 }£
w e re ca rrie d b y o n ly 131 v o t e s , th e re b e in g 7,2 4 7 v o te rs fo r an d 7 ,1 1 6
v o te r s a g ain st th e b o n d s - th a t 8,321 reg istered v o te r s d id n o t v o t e a t a ll,
an d th a t o f th o s e w h o d id v o t e 2,7 0 2 d id n o t v o t e eith er fo r o r a ga in st th e
b o n d issue; th a t p r o p e r n o t ic e o f th e e le ctio n w as n o t g iv e n as Is p r o v id e d
fo r in S e c tio n 26 o f th e C h arter; t h a t th e p r o c e e d in g s fo r a b o n d issu e s h o u ld
n o t h a v e o rig in a te d w ith th e C ity C o u n cil, b u t th a t th e p ro c e e d in g s s h o u ld
h a v e o rig in a te d In an in itia tiv e p e titio n fro m at least 1 5 % o f t h e v o t e r s ;
th a t a c c o r d in g t o S e c tio n 82 o f th e C h arter tw o -th ird s o f th e v o te r s m u st b e
in fa v o r o f th e b o n d issue; an d th a t t h e b o n d s s h o u ld h a v e b e e n v o t e d o n
at a s p e cia l in ste a d o f a t a g en eral e le ctio n .
F o r th e a b o v e reason s a n in
ju n c t io n r e stra in in g th e c it y o ffic ia ls fro m issu in g t h e b o n d s is p r a y e d f o r . ’
Bond Proposals and Negotiations this w<*ek
have been as follows:
Adrian, Lenawee County, Mich.— Bond Election.— An elec
tion will be held Oct. 8 to vote on the question of issuing
$15,000 4% storm-water-sewer construction bonds.
Akron, Summit County, Ohio.—Bond Sale.— The follow
ing bids were received on Sept. 28 for the $14,200 4 ^ %
sewer-construction (city’s portion), the $750 5% 1-3-year
(serial) sewer-construction assessment and the $3,950 5%
1-5-year (serial) Good Street paving assessment bonds, a
description of which was given in V. 85, p. 745:
$1 4 ,2 0 0
sew er-con str'n
0city ’ s p o rtio n )
bonds.
W e ll, R o t h & C o .. C in c in n a ti.* $ 1 4 ,2 8 1 00
W . H. E v a n s & S o n , A k r o n . .
__________
S e c o n d N a t. B a n k , A k r o n ____
__________
H a y d e n . M iller & C o ., C l e v e . .
1 4 ,222 50
$750
sew er-con str’n
assessm ent
bonds.
__________
*$75 5 25
$3,950
G ood S treet
pavin g assess
m ent bond s.
*3 ,9 7 0
♦Successful bidders.
Purchasers to pay accrued interest.
Alba Independent School District (P. O. Alba), Wood
County, Tex.— Bonds Registered.— School-house bonds to
the amount of $10,000 were registered on Sept. 28 by the
State Comptroller. These securities bear 5% interest and
mature Sept. 1 1947 but are subject to call after Sept. 1
1927.
Appling County (P .O . Baxley), Ga.— Purchaser of Bonds.
—We are advised that the purchaser of the $50,000 5%
30-year court-house bonds recently disposed of (V. 85, p.
817) was the Robinson-Humphrey Co. of Atlanta, The
bonds are in denomination of $1,000 and the interest is pay
able semi-annually in March and October.
Arlington (P. O. Station Boston), Mass,— Temporary
Loan.— This place recently negotiated a loan of $15,000, in
anticipation of taxes, with a local investor at 5 ^ % discount.
Loan matures in four months.
Beaver City, Furnas County, Neb.— Bond Offering.— Pro
posals will be received until 8 p .m . Oct. 15 by W . L. Leonard,
City Clerk, for the $25,000 6% water-works bonds voted on
Aug. 5. Denomination $500. Date,day of delivery. Inter
est payable at the Nebraska Fiscal Agency in New York City.
Maturity twenty years, subject to call after five years.
These bonds were offered but not awarded on Sept. 20.
Bemidji, Beltrami County, Minn.—Bond Offering.— Pro
posals will be received until 8 p. m. Oct. 7 by Thomas Maloy,
City Clerk, for $30,000 5% coupon water-system-improve
ment bonds. Authority Section 9, Chapter 6, City.Charter.
Denomination $1,000. Date Sept. 1 1907. Interest semi
annually at place designated by purchaser. Maturity Sept. 1
1922. Certified check on a Bemidji bank for $600, payable
to the “ City of Bemidji,” is required. Bonded debt, not
including this issue, $50,000. Floating debt, $6,000.
Assessed valuation for 1907, $1,200,000.
Buffalo, Erie County, N. Y .— Bond Sale.— We are advised
that the $300,000 water and the $200,000 grade-crossing 4%
registered bonds offered without success on Aug. 17 (V. 85,
p. 482) have been disposed of.
Burlington County (P. O. Mount Holly), N. J.— Bond
Sale.— On Sept. 30 the $55,000 4J^% 6-16-year (serial)
road-improvement bonds described in V. 85, p. 746, were
awarded, it is stated, to the Farmers’ National Bank of
Mount Holly for $55,600— the price thus being 101.09—a
basis of about 4.374%.
Butler (Borough), Butler County, Pa.—Bond Sale.— We
are advised that the $9,000 4% coupon funding bonds men
tioned in V. 85, p. 542, have been awarded to local investors.
Butler School District (P O. Butler), Butler County, P a.—
Bonds Awarded in Part.— Up to Sept. 30 $15,000 of the
880
THE CHRONICLE.
$75,000 4% coupon or registered high-school (Series “ A ” )
bonds described in V. 85, p. 818 had been disposed of at par
to local investors. E. H. Gay & Co. of Pittsburgh have an
option until to-day (Oct. 5) on $20,000 bonds.
California, Moniteau County, M o.— Bond Sale.— On Sept.
30 the $50,000 5% 10-20-year (optional) water-works bonds
dated Jan. 1 1908, described in V. 85, p. 746, were awarded
to the Little & Hays Investment Co. of St. Louis at 100.01.
This was the only bid received.
Charleston, Kanawha County, W . Va.— Bond Offering.—
Proposals will be received until 8 p. m ., Oct. 17, by Chas.
Loeb, President Board of Affairs, for the $170,000 4J^% im
provement and refunding bonds voted (V. 85, p. 747) on
Sept. 10. Denomination $100. Interest annually at the
Chase National Bank in New York City. Maturty thirtyfour years, subject to call after ten years. Unconditional
certified check for 2
of bonds bid for, payable to the
“ City of Charleston,” is required.
Chartiers Township School District, Allegheny County,
Pa.—Bond Offering.— Proposals will be received until Oct. 31
b y Martin J. Roeser, 89 Diamond Market, Pittsburgh, for
$48,000 4^2% school bonds. Denomination $1,000. In
terest semi-annual. Maturity $3,000 in 1914, $2,000 yearly
from 1915 to 1935 inclusive and $3,000 in 1936. Bonds are
tax-exempt.
Chatham, Pittsylvania County, V a.—Bonds Not Sold—
Bond Offering.— No sale was made on Sept. 21 of an issue
of $3,000 5% school-building bonds offered on that day.
J. H. Hargrave Jr., Mayor, is now offering these bonds at
par. Denomination $500. Date Sept. 1 1907. Interest
semi-annual. Maturity Sept. 1 1937, subject to call after
Sept. 1 1917.
Chelsea, Mass.— Note Offering.— Proposals will be received
until 4 p. m. Oct. 7 by Thomas B. Frost, City Treasurer, for
$115,000 5% notes for general municipal purposes. In
terest June 1 and Dec. 1. Maturity $23,000 yearly on Dec. 1
from 1908 to 1912 inclusive.
Chicago (111.) Sanitary District.—Bond Sale.— This district
has awarded the $1,000,000 4% coupon bonds offered with
out success on Aug. 21 (V. 85, p. 747) to the Harris Trust &
Savings Bank of Chicago and the Illinois Trust & Savings
Bank of Chicago. The bonds have now been distributed
among several local banks. Maturity $56,000 yearly on
Sept. 1 from 1909 to 1925 inclusive and $48,000 Sept. 1 1926.
Chillicothe, Ross County, Ohio.— Bond Sale.— Of the
$3,500 Walnut Street No. 3, $4,000 High Street No. 1,
$3,850 Water Street No. 2, and $4,000 Rose Street storm-sewer
4% 10-year bonds, offered on Oct. 3 (V .85, p. 818), $7,500
were awarded to the First National Bank of Chillicothe for
$7,580— 101.066— $4,000 to the Ross County National Bank
of Chillicothe at 100.75 and $3,850 to Jas. Boulger of Chilli
cothe for $3,875— 100.649. These are not new securities
but bonds held by the sinking Fund- Trustees as an invest
ment .
Chillicothe Independent School District (P .O . Chillicothe),
Hardeman County, Te x .—Bond Sale.— S. A. Kean of Chi
cago has been awarded the $15,000 5% 10-20-year (optional)
coupon school-building bonds described in V. 85, p. 542, at
102. A bid was also received from W . J. Hayes & Sons of
Cleveland.
Chippewa County (P .O . Montevideo), Minn.—Bond Offer
ing.— Proposals will be received until 10 a. m. Oct. 12 by the
County Commissioners for $23,500 5% registered drainage
bonds. Authority Section 18, Chapter 448, Laws of 1907.
Denominations: $10,000, $8,000 and $5,500. Maturity
$5,500 in five years, $8,000 in seven years and $10,000 in
ten years. Certified check for $1,175, payable to the County
Treasurer, is required.
Clay Center, Clay County, Kan .— Bond Offering.—Pro
posals will be received until 7 p. m ., Oct. 11, by Guy R.
Martin, City Clerk, for the $25,000 4% electric-light-plant
bonds mentioned in V. 85, p. 299. These securities are
dated July 1 1907. Interest payable semi-annually. Ma
turity July 1 1917 or before, at the option of the city. Bonds
are exempt from taxation.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Clinton County (P .O . Frankfort), Ind.— Bonds Not Sold.—
No bids were received on Sept. 24 for an issue of $51,940
4 x/ fJo road-building bonds offered on that day. Denomina
tions $64 to $464. Date Sept. 15 1907. Interest semi
annually in May and November. Maturity part each six
months from May 15 1909 to Nov. 15 1929 inclusive.
Cohocton, Steuben County, N. Y .—Bond >SaZe.— On Sept.
10 $2,000 5% sidewalk fund bonds were awarded to the
Cohocton Banking Co. of Cohocton at par. Denomination
$500. Date Sept. 10 1907. Interest annually on Aug. 1.
Maturity $500 yearly on Aug. 1 from 1908 to 1911 inclusive.
Concordia Parish (La.) School Districts Nos. 1, 2 and 4.—
Bonds Not Sold.— Up to Sept. 26 no award had yet been
made of the three issues of 5% 1-5-year (serial) coupon
school bonds aggregating $6,750, described in V. 85, p. 425.
Coram School District, Shasta County, Cal.— Bond Offer
ing.^- Proposals will be received until Oct. 7 by L. M. Den
nis, County Treasurer, for $8,000 bonds of this district.
[V o l . l x x x t .
Corning, Steuben County, N. Y .—Bond Sale.— On Sept. 28
$75,000 4% 16J^-year (average) coupon water-works-systemextension bonds were awarded to Quincy W . Wellington of
Corning at par and accrued interest. This was the only bid
received. Denomination $1,000. Date April 1 1907. Int
erest semi-annual.
Delaware County (P. O. Delaware), Ohio.— Bond Offering.
— Proposals will be received until 1 p. m. Oct. 10 by George
Cleveland, M. Meredith and Stephen Potter, Board of County
Commissioners, for $184,780 4% road-improvement bonds.
Authority Sections 22b and 4670-19, Revised Statutes. De
nominations $1,000 and $239. Date Sept. 1 1907. Inter
est semi-annually at the County Treasurer's office
Ma
turity $9,239 each six monhs from March 1 1908 to Sept. 1
1917 inclusive. An unconditional certified check (or cash)
for $1,000, drawn on a bank doing business in Delaware
County and made payable to A. S. Conklin, County Auditor,
is required. Purchaser to pay accrued interest.
Del Mar School District, San Diego County, Cal.— Bond
Sale.— We have just been advised that the $1,000 6%
1-5-year (serial) school-building bonds mentioned in V. 84,
p. 952, were awarded on Aug. 15 to the First National Bank
of Redwood City at 101.275. Denomination $200. Date
June 7 1907. Interest annual.
East Wawanosh (P. O. Belgrave), Ont.— Debenture Sale.—
On Sept. 21 the $3,000 4% railway-aid debentures mentioned
in V. 85, p. 747, were awarded to David Scott at 95. A
bid was also received from Wm. C. Brent at 85.
Maturity
part yearly for twenty years.
Edmonton, Alta.— Debentures Not Sold.— No award was
made on Aug. 31 of the $556,852 26 debentures offered on
that day.
Bond Sale.— Through the Imperial Bank of Canada this
city has effected a sale of £139,400 (amounting to $678,390 10
at the rate of $4 8665 per £ ) 5% unstamped sterling bonds
to the Bank of Montreal, London, Eng., at 93.
Escanaba, Delta County, Mich.— Bond Sale.— On Sept. 25
$38,500 6% paving assessment bonds were awarded to W . J.
Hayes & Sons of Cleveland for $38,505— the price thus being
100.012. A bid was also received from S. A . Kean of Chi
cago at par. Denomination $500. Date Sept. 15 1907.
Interest semi-annual. Maturity $7,700 on March 15 in each
of the year 1909 and 1913 and $7,700 on Jan. 15 in each of
the years 1910, 1911 and 1912.
Fort Bend County (P. O. Richmond), Tex.—Bond Offering.
— Further details are at hand relative to the offering on Oct.
14 of the following bonds, mention of which was made in
V. 85, p. 819:
$ 75 ,000 4 % co u rtrh o u s e b o n d s .
D e n o m in a tio n $ 1 ,0 0 0 . .C ertified c h e c k
fo r $500 is r e q u ire d .
3 0 ,000 4 % B ra z o s R iv e r b r id g e b o n d s .
D e n o m in a tio n $ 5 0 0 . C ertified
c h e c k fo r $350 is re q u ire d
5 ,0 0 0 4 '% B e rq a rd R iv e r B rid ge b o n d s .
D e n o m in a tio n $50 0. C erti
fied c h e c k fo r $150 Is re q u ire d .
Proposals will be received by D. R . Peareson, County
Judge. These bonds are dated Oct. 10 1907. Interest
semi-annually at the Seaboard National Bank in New York
City or at the State Treasurer’s office in Austin, Tex. Ma
turity forty years, subject to call after five years. Certified
checks are to be drawn to the order of the County Judge.
Franklin, Pendleton County, W . V a.— Bond Sale.— Of an
issue of $3,500 6% water-works-system-completion bonds
offered on Sept. 28, $3,000 were awarded to C. A. Sprinkle
of Harrisonburg, Va., at 100.333 and $500 were awarded to
William McCoy of Franklin at par. Following are the bids:
C A .S p r ln k le ,H a r r ls o n b ’g ,V a o .$ 3 ,0 1 0 |S. A . K e a n , C h ic a g o ---------------ft$3,50©
W illia m M c C o y . F r a n k li n ___
d500 I A . R . L o u g h , D e e r R u n --------k200
M rs. I d a V . W o o d , M o o re fie ld
3,5 0 0 |
a F or
$3,000
bon d s,
d For
$500
bon d s,
ft L ess
$70
fo r
e x p en ses.
k F o r $200 b o n d s .
Denominations: ten bonds of $100 each, five bonds of
$200 each and three bonds of $500 each. Date Aug. 28 1907.
Interest annually on Nov. 1. Maturity April 8 1941, subject
to call after ten years from date.
Gallatin County (P. O. Bozeman), M ont.— Bond Offering.
— We are advised that the $35,000 4}^% 10-20-year (op
tional) coupon warrant refunding bonds to be offered at
10:30 a. m ., Nov. 4, are issued pursuant to Section 4240 of
the Political Code of the Laws of 1895 and that they are
exempt from taxation. Official circular states that there is
no litigation pending or threatened concerning the validity
of these bonds, and that there has never been any default
in the payment of principal or interest. For other details
of bonds and terms of offering see V. 85, p. 748.
Gastonia, Gaston County, N. C.— Bonds Not Sold.— No
satisfactory bids were received on Oct. 1 for the five issues
of 5% 30-year gold coupon improvement and funding bonds
aggregating $75,000, described in V. 85, p. 426.
Gloucester County (P. O. W oodbury), N. J.— Temporary
Loan —This county recently negotiated a loan of $10,000
with the Farmers’ & Mechanics’ National Bank of W ood
bury at 5% discount. Loan matures Jan. 1 1908
Glynn County (P. O. Brunswick), Ga.— Bond Sale.— Re
ports state that the $50,000 court-house and $25,000 jail
5% gold bonds described in V. 85, p. 748, were awarded on
Oct/. 1 to W. J. Hayes & Sons of Cleveland at par. Maturity
$10,000 yearly on Jan. 1 from 1911 to 1916 inclusive and
$15,000 on Jan. 1 1917.
Grand Rapids, Kent County, Mich.—Bonds Not Sold—
Bond Offering.— No satisfactory bids were received on Sept.
THE CHKONICLE.
O c t . 5 1907.]
E .H .R o ll i n s & S o n s ,C h i-$ 2 3 6 ,088 00 |W e il, R o t h & C o ., C in e - .$ 2 2 9 ,7 7 0 00
30 for the $250,000 25-year Grand River flood-protection, the N
. W . H arris & C o ., B o s to n 2 3 4 ,7 8 7 68 |S e c u r ity S a v in g s B a n k &
• ■
$153,000 3-5-year (serial) street-improvement and the $9,000 A . B . L e a ch & C o . , C h ic . 2 3 4 ,5 7 6 00 | T ru s t C o ., T o l e d o ------- 228 ,5 3 5 00
cC oy
&
I M ississippi B a n k & T ru s t
3-5-year (serial) sewer-construction 4% coupon bonds M aCcoD.,o nCahldic,a g oM___________
2 3 3 ,8 5 9 00
C o ., J a c k s o n ___________ *2 2 7 ,3 4 0 00
described in V. 85, p. 819. We are advised that these bonds P r o v id e n t S a v in g s B a n k
f H o e h le r & C u m m in gs,
& T rust C o ., C in cin n ati 2 3 1 ,7 0 3 00
T o l e d o __________________ 2 26 ,910 00
will be re-offered as 43^s.
S e a s o n g o o d & M a y e r, C ln .l
|Spltzer & C o ., T o l e d o ___ 2 2 2 ,2 5 3 00
Granite City School District No. 113 (P. O. Granite City), R . K le y b o lt e & C o ., Cin. ^230,105 0 0 1
U n io n S a v .B .& T .C o .,C in .j
|
Madison County, 111.—Bond Sale.— On Sept. 11 $4,000 5%
* A n d free e x c h a n g e o n all in te re st p a y m e n ts .
8-year school-building bonds were awarded to Mrs. M.
Allers at 101.25. This was the only bid received. Date of
Jasper, Dubois County, Ind.— Bond Sale.— On Sept. 30
bonds Aug. 15 1907.
$7,000 33^% warrant-funding bonds were awarded to the
Grapevine Independent School District (P. O. Grapevine), Farmers & Merchants’ Bank of Jasper at par and accrued in
Tarrant County, Tex.— Bonds Registered and Sold.— The terest. This was the only bid received. Denomination
State Comptroller registered $11,700 5% school-house bonds $500. Date Sept. 30 1907. Interest June 1 and Dec. 1.
on Sept. 24. Maturity Sept. 1 1947, subject to call after Maturity $1,000 yearly on June 1 from 1909 to 1915 inclusive.
Sept. 1 1927. The State Permanent School Fund has
Kewanee, Henry County, 111.—Bond Sale.— The Harris
purchased these bonds at par and accrued interest.
Trust & Savings Bank of Chicago recently purchased $13,000
Green Bay, Brown County, W is.— Bond Offering.— Pro 5% general-improvement bonds dated Sept. 20 1907. Ma
posals will be received until 10 a. m. Oct. 8 for the following turity $5,000 on Sept. 20 1915 and $1,000 yearly on Sept. 20
from 1916 to 1923 inclusive.
bonds:
517 ,0 0 0 4 % % c o u p o n s tre e t-im p ro v e m e n t an d s c h o o l-h o u s e b o n d s .
D e
Kitsap County School District, Wash.— Bond Sals.— On
n o m in a tio n $ 1 ,0 0 0 . M a tu rity o n Jan . 1 as fo llo w s : $1,000
Sept. 24 $20,000 5% bonds were awarded to the State of
in ea ch o f th e years 1909, 1914, 1915 an d 1916; $2,000 in
e a c h o f th e ye a rs 191 0. 191 1, 191 2, 1913 a n d 1918; an d
Washington at par. Denomination $500.
$3,000 in 1917.
8 .0 0 0 4 %
c o u p o n S ew er D is trict N o . 1 b o n d s.
D e n o m in a tio n $500.
Lakewood (P. O. Sta. Cleveland), Ohio.— Bond Offering.—
M a tu rity $500 y e a r ly o n Jan . 1 fro m 1909 t o 1924 In clu sive.
Proposals will be received until 12 m. Oct. 25 by B. M. Cook,
4.0 0 0 4 H % c o u p o n Sew er D is trict N o . 2 b o n d s .
D e n o m in a tio n $250.
M a tu rity $250 y e a r ly o n Ja n . 1 fro m 1909 t o 1924 in clu siv e .
Village Clerk, for the following bonds:
10.000 4
% c o u p o n S ew er
M a tu rity $500
10.000 4 > £ % c o u p o n S ew er
M a tu rity $500
D is tr ic t N o . 5
y e a r ly on Jan .
D is trict N o . 8
y e a r ly o n J a n .
b o n d s.
D e n o m in a tio n $500.
1 fro m 1908 t o 1927 in c lu s iv e .
b o n d s.
D e n o m in a tio n $500.
1 fro m 1908 t o 1927 in c lu s iv e .
Authority Sub-Chapter X V ., “ Finance and Expenditures”
of Chapter 40a, Wisconsin Statutes of 1898. Date Jan. 1
1907. Interest semi-annual. Certified check for $250
drawn on some Wisconsin National bank is required with
bid for each issue. Bonds to be delivered within fifteen days
from date of sale. Purchaser to furnish blank bonds
Official circular states there is no litigation pending or
threatened in any manner affecting the validity of
these bonds and that there has been never any default in
the payment of principal or interest. W . L. Kerr is City
Clerk.
Guthrie, Logan County, Okla.— Bond Sale.— On Sept. 19
the $40,000 water-system improvement, $30,000 stormsewer-construction, $10,000 main sanitary-sewer-constuction
and $10,000 street-improvement 10-30-year (optional) bonds
voted on Aug. 27 (V. 85, p. 616), were awarded to Oklahoma
Bond & Trust Co. of Guthrie at par for 5s. Purchaser to
pay attorney’s fees.
Hamburg, Erie County, N. Y .—Bond Sale.— On Sept. 30
$2,500 5% village-hall and fire-house bonds were awarded
to the People’s Bank of Hamburg at par. This was the only
offer received. Denomination $500. Date Oct. 1 1907.
Interest annual. Maturity $500 yearly.
f^Hammond, Lake County, Ind.— Bond Offering.— Pro
posals will be received until 12 in., Oct. 10, by John D.
Smalley, City Comptroller, for $13,000 6% gold refunding
water bonds. Denomination $1,000. Date Oct. 1 1907.
Interest payable at the City Treasurer’s office. Maturity
June 13 1908. Purchaser to pay accrued interest.
Hinton, Summers County, W . V a.— Bond Sale.— Dis
patches report that $25,000 6% 32-year street-paving (city’s
portion) bonds were awarded on Sept. 28 to Seasongood &
Mayer of Cincinnati at 105.60.
Hollister School District, San Benito County, Cal.— Bond
Sale.— On Sept. 7 $45,000 4V£% high-school-building bonds
were awarded to the State of California at par and accrued
interest. Denomination $1,000. Date Oct. 1 1907. In
terest annually in January. Maturity $3,000 yearly.
Islip Union Free School District No. 1 (P. O. Bay Shore),
Suffolk County, N. Y .— Bond Offering.— Proposals will be
received until 1 p. m ., Oct. 10, by F. C. Hendrickson, Clerk,
for $25,000 coupon or registered school-building-addition
bonds at not exceeding 5% interest. Date Oct. 15 1907.
Interest semi-annually in New York City. Maturity $5,000
every five years. Certified check for 1% , payable to the
“ School District,” is required. The opinion of Delafield &
Longfellow of New York City as to the legality of these
securities will be furnished the successful bidder. These
bonds were awarded on April 6 to J. D. Everitt & Co. of
New York City (V. 84, p. 885) but were subsequently de
clined by that firm upon the advice of their attorney. The
bonds were re-awarded on July 2 to Ferris & White of New
York City, but that sale also failed of consummation.
Ithaca, Gratiot County, Mich.—Bond Sale.— This city
recently awarded $16,000 4*^% refunding bonds to the
Harris Trust & Savings Bank of Chicago. Maturity part
yearly from 1922 to 1924 inclusive.
Jackson, Jackson County, Mich.—Bond Offering.— Pro
posals will be received until 5 p. m ., Oct. 7, by Jode Har
rington, City Recorder, for $45,000 4 % refunding publicbuilding bonds. Denomination $1,000. Date Nov. 15
1907. Interest annual. Maturity $25,000 Nov. 15 1918
and $20,000 Nov. 15 1919. Certified check for $250, pay
able to the “ City of Jackson,” is required. Purchaser to
pay accrued interest.
Jackson, Hinds County, Miss.— Bond Sale.— On Sept. 25
the $216,000 6% 20-year coupon water-works bonds de
scribed in V. 85, p. 749, were awarded to E. H. Rollins &
Sons of Chicago at 109.30 and accrued interest—a basis of
about 5.244%. Following are the bids:
$1,145 5 % K e n ilw o rth A v e n u e g ra d in g assessm en t b o n d s.
D e n o m in a tio n
$229. -M a tu r it y $229 y e a r ly o n O ct. 1 fro m 1909 t o 1913 In
c lu s iv e
16,560 5 % N e w m a n A v e n u e p a v in g assessm en t b o n d s .
D e n o m in a tio n
$1 ,6 5 6 .
M a tu rity $ 1 ,656 y e a x ly o n O c t . 1 fro m 1909 t o 1918
in c lu s iv e .
i
3,3 9 0 5 % D e tr o it S tre e t se w e r -c o n s tru c tlo n assessm ent b o n d s .
D e n o m i
n a tio n $33 9. M a tu r ity $339 y e a r ly o n O ct. 1 fr o m 1909 t o 1918
in clu s iv e .
10,160 5 % s e w e r -c o n s tru c tlo n assessm en t b o n d s .
D e n o m in a tio n $1,0 1 6
M a tu rity $1,016 y e a r ly o n O c t . 1 fro m 1909 t o 1918 in c lu s iv e
The above bonds are dated JSIov. 1 1907. Interest semi
annually at the Cleveland Trust Co. of Cleveland. Certified
check for 5% of bid is required.
Lawrenceburg, Lawrence County, Tenn.— Bond Sale.—
This town recently disposed of the $25,000 5% 10-20-year
(optional) coupon water and light bonds offered without
success on Aug. 20 (V. 85, p. 483) to the First National
Bank of Lawrenceburg.
Lemberg School District (P. O. Lemberg), Sask.— Deben
ture Offering.— Proposals will be received up to Oct. 29 by
Dr. H. E. Knoke, Secretary-Treasurer, for $10,000 6%
debentures. Interest payable at the Union Bank of Canada
in Lemberg. Maturity part yearly for twenty years. This
district has no debt at present.
Louisville, Jefferson County, K y .— Bond Sale.— We arc
advised that up to Oct. 2 about $700,000 of the $1,000,000
4% 40-year gold coupon sewerage-system-construction
bonds offered on July 10 (V. 84, p. 1503) had been taken by
citizens of Louisville at par and interest. This makes a
total of about $287,000 bonds sold since July 30, the date of
our last report.
Mankato, Blue Earth County, Minn.— Bond Sale.— On
Sept. 2 $15,000 park and $10,000 sewer 4% refunding bonds
were awarded to the State of Minnesota at par.
Denomi
nations: six bonds of $1,000 each, five bonds of $2,000 each
and three bonds of $3,000 each. Date Sept. 6 1907. In
terest annually in July. Maturity part yearly on July 1
from five to twenty years.
Marseilles School District No. 155 (P. O. Marseilles), La
Salle County, 111.— Bond Sale.— On Sept. 30 $15,000 5%
10-year (average) school-house bonds were awarded to the
Harris Trust & Savings Bank of Chicago for $15,382—the
price thus being 102.546— a basis of about 4.679%. De
nominations $500, $1,000 and $1,500. Date Oct. 12 1907.
Interest semi-annual. These bonds take the place of the
$15,000 4% 8-22-year (serial) school-building bonds offered
but not awarded (V. 85, p. 543) on Aug. 26.
Massachusetts.— Temporary Loan.—This State recently
negotiated a loan of $300,000 in anticipation of taxes with
the Second National Bank of Boston at 5% interest. Loan
matures Oct. 20 1907.
Mendon, Mercer County, Ohio.— Price Paid for Bonds.—
We are advised that the price paid for the $5,525 Market
Street and the $11,975 Main Street 5% 1-10-year (serial)
coupon improvement bonds awarded on Sept. 23 to the
First National Bank of Celina (V. 85, p. 820) was 102.008
and accrued interest. The bids Avere as follows:
F irst N a t. B a n k , C e lin a --$ 1 7 ,8 5 1 50| N ew 1st N a t. B k ., C o lu m _ $ 1 7 ,5 3 3 00
C itizen s' N a t. B k ., W o o s t e r 17,700 0 0 1J. A . M u rlln , M e n d o n ____ 17,525 00
C o m m e rcia l B a n k C o ..C e l. 17,538 5 0 | W . J . H a y e s & S o n s, C le ._ 1 7 ,503 00
Minneapolis, Minn.— Bond Offering.— Proposals will be
received until 2 p. m ., Oct. 24, by the Committee on Ways
and Means of the City Council at the office of Dan. C. Brown,
City Comptroller, for the following bonds:
$ 1 8 7,00 0 4 % c o u p o n b o n d s fo r p u b lic h lg h -s ch o o l b u ild in g s an d sites
th e r e fo r .
A u th o r it y , C h a p ter 20, L a w s o f 190 7, an d o r d i
n a n ce passed b y th e C ity C o u n cil A p ril 12 1907.
2 5 4 .0 0 0 4 % c o u p o n b o n d s fo r p u b lic g r a d e d -s c lio o l b u ild in g s an d sites
th e r e fo r .
A u th o r it y , C h ap ter 21, L a w s o f 1907, an d o r d i
n a n ce p assed b y th e C ity C o u n cil o n A p ril 12 1907.
50 ,000 4 % c o u p o n p u b lic p a rk b o n d s .
A u th o r it y , C h a p ter 253 , L a w s
o f 1907, and o r d in a n ce p a sse d b y th e C ity C o u n cil on A p ril
26 1907.
100 .000 4 % c o u p o n p a rk b o n d s.
A u th o r it y , C h a p te r 235 , L a w s o f 1903,
as a m e n d e d b y C h a p ter 91 o f th e L a w s o f 1907, and or d in a n c e
passed b y th e C ity C o u n cil o n M ay 10 1907.
Denominations: $50, $100, $500 or $1,000. Date July 1
1907. Interest semi-annually at the fiscal agency of the
892
THE CHRONICLE.
city of Minneapolis in New York City. Maturity July 1 1937.
Certified check for 2% o f the bonds bid for, payable to C. S.
Hulbert, City Treasurer, is required. Bonds will be de
livered Nov. 25 at the office of the City Comptroller in Min
neapolis or on Dec. 2 at the U. S. Mortgage & Trust Co. in
New York City, at option of purchaser. Accrued interest to
be paid by successful bidder. For previous reference to
these bonds see V. 85, p. 1566..
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Missoula County ( P .O . Missoula), Mont.—Bond Offering.
— Further details are at hand relative to the offering on Oct. 7
of the following bonds, mention of which was made in V. 85,
p. 617:
$1 7 5,00 0 co u r t-h o u s e b o n d s . Issued p u rsu a n t t o S e ctio n s 424 0 -4 2 6 0 an d
4 2 7 0 -4 2 7 4 , C h a p ter 2, P o litic a l C o d e an d a m e n d m e n ts th e r e to .
7 5 ,0 0 0 free h ig h -s ch o o l b o n d s issu ed pu rsu a n t t o C h a p ter 2 9 , S ession
L a w s o f 190 7.
Proposals for these bonds will be received until 2 p. m.
on that day (Oct. 7) by W . H. Smith, County Clerk. De
nomination $1,000. Date Jan. 1 1908. Interest (rate not
to exceed 4 j^ % ) semi-annually at the County Treasurer's
office. Maturity Jan. 1 1928, subject to call after Jan. 1
1918. Bonds are exempt from taxation. Bids to be made
on each issue separately and accompanied by a certified
check for $1,000, made payable to the “ County of Missoula.”
Official circular states there is no litigation pending or threat
ened concerning the validity of these bonds, and that the
county has never defaulted in the payment of principal or
interest.
Monroe Union Free School District No. 1 (P. O. Monroe),
Orange County, N. Y .— Bond Offering.— Proposals will be
received until 8 p . m . Oct. 15 by S. A. Gaunt, Clerk Board of
Education, for $40,000 5% school-building bonds. Au
thority Section 10, Article 2, Title 8, Chapter 556, Laws of
1894. Denomination $1,000. Date Nov. 1 1907. Interest
annually on Jan. 1. Maturity $1,000 yearly on Jan. 1 from
1915 to 1954 inclusive. Total debt at present, $38,500.
Assessed valuation $609,298 84. These bonds were offered
without success as 4s (V. 84, p. 1504) on June 18.
Muscatine County (P. O. Muscatine), Iow a.—Bonds
Awarded in Part.— Of the $150,000 4% court-house and
jail-building bonds offered but not awarded on Sept. 9 (V. 85,
p. 821), $25,000 have been awarded to local investors at par.
Newton, Catawba County, N. C.— Bonds Not Yet Sold.—
No award has yet been made of the $75,000 5% 30-year
coupon water, sewer and light bonds offered without success
on Aug. 15. See V. 85, p. 484.
New York City.— Bond Sales.— The following bonds were
issued by the City of New York during the month of Sep
tember:
p u rpose—
R ate o f In t. M a tu r ity . A m o u n t.
1957 £ $ 2 6 ,0 0 0 ,0 0 0
1956
*85 ,0 0 0
1957
fcl0 ,5 0 0
1957
x l ,000,000
1957
x 2 , 0 0 0 ,0 0 0
1917
£ 5 ,0 0 0 ,0 0 0
N o v . 1’ 07
* 8,000
<4)4
V a rio u s m u n icip a l p u r p o s e s -.------------------ '--------- -i 3
14
W a t e r s u p p ly ........ ............- ........................................... 4 M
R a p id T ra n sit R R - ......................................................4 'A
A ssessm en t b o n d s ________________________________ /4>5
\3
T o t a l ....................................... - ............- _____________ ______ __________ -$ 4 0 ,1 0 3 ,5 0 0
* P u rc h a se d b y S in k in g F u n d ,
a n d r e p o r te d in V . 8 5 , p . 678 .
lo r w ork d on e.
x A w a r d e d at p u b lic sale o n S e p t. 10
k A w a r d e d t o c o n tr a c to r s in p a y m e n t
In addition to the above, the following revenue bonds
(temporary securities) were also issued:
In terest.
R e v e n u e b o n d s _____________________________________________
R e v e n u e b o n d s , s p ecia l (Jan . 2 1 9 0 8 )-------------------------------
4)4
3
A m o u n t.
$ 3 ,0 0 5 ,9 0 0
*2 5 0 ,0 0 0
T o t a l ........................................................... ............................................. : _____ $3,255,900
* P u rch a se d b y S in k in g F u n d .
New York State.— Bonds Not Yet Sold.— No sale has yet
been made of the $60,000 4% 6-10-year (serial) registered
Canaseraga Creek improvement bonds offered without suc
cess on Aug. 15. See V. 85, p. 428.
Northumberland County (P. O. Sunbury), Pa.— Bond Of
fering.— The County Commissioners, Frank Erdman, P. J.
Glenman and Jasper A. Tharp, will offer at public auction
at 10 a. m. Oct. 15 $220,000 4% bonds. Denomination
$500. Interest semi-annual. Maturity part yearly from
four to twenty-nine years. Bonds are tax-exempt.
Norwalk, Fairfield County, Conn.— Bond Offering.—
Further details are at hand relative to the offering on Oct. 10
of the $35,000 4% coupon (with privilege of registration)
sewer-construction bonds mentioned in last week’s issue.
Proposals for these bonds will be received until 2 p. m. on
that day by Wallace Dann, Mayor. Authority, a resolution
of the General Assembly approved March 26 1907. Date
July 1 1907. Interest semi-annually at the United States
Mortgage & Trust Co. in New York City. Maturity July 1
1927. These bonds will be certified to as to their genuine
ness by the United States Mortgage & Trust Co. of New
York City. Proposals to be made on forms furnished by
the city and must be accompanied by a certified check for
$500. Purchaser to pay accrued interest.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
[V o l .
lxxxv
.
Oberlin, Lorain County, Ohio.— Bond Offering Postponed.
— Upon request for further details relative to the advertise
ment of the offering on Oct. 12 of the $10,000 4 ^ % 1-20-year
(serial) sewer-bed-construction bonds described in V. 85,
p. 821, we are advised that these securities will “ be re
advertised in the spring.”
Owego, Tioga County, N. Y .—Bond Sale.— Of an issue of
$15,000 43^% 1-15-year (serial) coupon North Avenue,
Main Street and Front Street paving bonds offered on Sept.
25, $4,500 were awarded to the First National Bank for
$4,505 62, $3,500 to J. G. Pembleton for $3,554, $2,000 to
E. J Roach for $2,072 50, $1,500 to the Tioga National
Bank for $1,530, $1,000 to Mrs. Julia M. Moss for $1,050,
$1,000 to Clarence M. Smith for $1,035, $500 to M. K.
Upham for $535, $500 to J. C. Thompson for $520 80 and
$500 to F. A. Sawyer for $510. Authority for issue, elec
tion held Aug. 20. Denomination $500. Date Oct. 1 1907.
Interest annually at the First National Bank of Owego.
Bonds are exempt from taxation.
Oxford, Butler County, Ohio.— Bond Offering.— Proposals
will be received until 12 m. Oct. 26 by D. P. Beaton, Village
Clerk, for $2,000 4% coupon water-extension bonds. De
nomination $500. Date Sept. 15 1907. Interest semi
annual. Maturity $500 on Sept. 15 in each of the years
1919, 1920, 1921 and 1922. Certified check for 5% of bonds
bid for, payable to the Village Treasurer, is required. Pur
chaser to pay accrued interest.
Pana Township High School District (P. O. Pana), Chris
tian County, 111.— Bond Offering.— Proposals will be received
until 4 p. m. Oct. 15 by F. A. Cutler, Secretary Board of
Education, for $50,000 5% high-school bonds. Denomina
tion $1,000. Date Oct. 15 1907. Maturity $3,000 yearly
on Oct. 15 from 1912 to 1926 inclusive and $5,000 on Oct. 15
1927. Certified check for $500 is required.
Pawhuska, Okla.— Bond Offering.— Proposals will be re
ceived until 3 p. m .,.O ct. 7, by W . J. Boone, City Clerk, for
the $60,000 water-works and the $40,000 sewer 6% coupon
bonds offered but not awarded (V. 85, p. 618) 011 Aug. 26.
Denomination $1,000. Interest payable in June and De
cember at the Oklahoma fiscal agency in New York City.
Maturity thirty years. Bonds are exempt from taxes.
Total debt, including these issues, $112,000. Assessed
valuation for 1907, $1,250,000.
Pekin, Tazewell County, 111.—Bond Offering.— Proposals
will be received until 8 p. 111 . Oct. 7 by J. H. Goldwedel,
City Clerk, for $53,000 refunding bonds. Denomination
$500. Date Dec. 1 1907. Interest (rate to be named in
bids) payable semi-annually. Maturity twenty years, sub
ject to call after ten years.
Pelham Manor, Westchester County, N. Y .— Bond Sale.—
This village has awarded the $8,000 5-12-year (serial) reg
istered village-hall-construction-and-maintenance bonds de
scribed in V. 85, p. 485, to Edmund Seymour & Co. of New
York City for $8,005 for 5 per cents—the price thus being
100.062.
Penn Township School District, Pa.—Bond Sale.— An
issue of $22,000 5% 1-22-year (serial) bonds of this district
was awarded on Sept. 14 to the Municipal & Corporation
Securities Co. of Pittsburgh. Denomination $1,000. Date
Oct. 1 1907. Interest semi-annual.
Philadelphia, Pa.— Bond Election.— The Select and Com
mon Councils on Oct. 3 approved an ordinance providing
for an election Nov. 5 to submit to the voters the question
of issuing $10,000,000 bonds. The proceeds of these bonds
will be used for the following purposes: $2,500,000 schoolbuilding and site-purchase, $500,000 high-pressure-fire-system in the northeastern section of the city, $500,000 police
and fire stations and new fire apparatus, $500,000 League
Island Park, $150,000 park-improvement, $100,000 bath
houses, $400,000 South Broad Street Boulevard, $1,000,000
Mandamuses, $300,000 Passyunk Avenue bridge, $300,000
new bridges, $800,000 water-supply extension, $600,000
main sewers, $500,000 branch sewers, $200,000 paving inter
sections, $300,000 grading, $150,000 surfacing unpaved
streets, $1,000,000 parkway and $200,000 House of Deten
tion for juvenile prisoners.
Phoebus, Elizabeth City County, V a.— Bond Offering.—
Proposals will be received until 8 p . m . Oct. 10 by L. P. Fur
ness, Mayor, for $20,000 5% coupon street-improvement
bonds. These bonds are part of an issue of $40,000 author
ized by Section 1, Chapter 148, Acts of 1906. Denomina
tions: fifty bonds of $100 each and thirty bonds of $500 each.
Date Sept. 1 1906. Interest semi-annually at the Bank of
Phoebus. Maturity Sept. 1 1936. Bonds are free from
town taxes. Certified check for 10% of bid, payable to the
Town Treasurer, is required.
Pinckneyville School District No. 50 (P. O. Pinckneyville),
Perry County, 111.— Bond Sale.— This district has disposed
of $2,000 5% bonds to local banks at par.
Plains School District No. 1 (P .O . Plains), Sanders County
M ont.— Bond Offering.— Proposals will be received until
Oct. 19 for $3,000 refunding bonds. B. Frank B o w m a n is
District Clerk.
Plankinton, Aurora County, S. D .— Bond Sale.— On
Sept. 23 the $8,000 5% 10-20-year (optional) sewer-system
bonds recently voted (V. 85, p. 485) were awarded to A. A.
O ct . 5 1907 |
THE CHRONICLE.
883
Boynton of Plankinton at par. Denomination $500. Date
Interest on both of the above issues is payable semi
Oct. 15 1907. Interest semi-annual.
annually at the Financial Agency of St. Paul in New York
Bonds Awarded in Part.— Bond Offering.— Of $9,000 5%
20-year refunding bonds offered on the same day, $3,000 City. Certified check for 2% of bonds bid for, payable to
were awarded to Case & Lathrop of Plankinton at par. the City Treasurer, is required. Accrued interest to be
Denomination $500. Date Oct. 15 1907.
Interest semi paid by purchaser.
annual. Proposals for the remaining $6,000 5% refunding
The official notice of this bond offering will be found among
bonds will be received until 8 p. m. Oct. 14. A. A. Boynton the advertisements elsewhere in this Department.
is City Treasurer.
Salisbury, Rowan County, N. C.— Bonds Voted.— On Oct. 1
Pleasant Township School District No. 9, Clark County,
Ohio.— Bond Sale.— On Sept. 28 the $1,600 6% coupon the voters of this city authorized the issuance of $300,000
school-building and improvement bonds described in V. 85, 5% 30-year general-improvement bonds.
Santa Monica, Los Angeles County, Cal.— Bonds Voted.—
p. 750, were aAvarded to Leon H. Houston of South Charles
ton at 102.562. Following are the bids:
Reports state that an election held Sept. 27 resulted in favor
of propositions to issue $150,000 bonds for the building of a
L e o n H . H o u s t o n , S o. C h a ’s’n - $ 1 ,6 4 1 1F irst N a t B k ., B a m e s v ille ___ $1,610
Y . M . R u n y a n , C a ta w b a ______ 1 ,6 4 0 IS e c u r ity S a v in gs B a n k & T ru st
septic tank and wharf at the foot of Colorado Avenue for
J . .W L a rk in , Y e llo w S p r in g s . 1 ,6 3 1 1 C o ., T o l e d o _________________ 1,605
the proper disposal of sewage and $10,000 bonds for an ad
Maturity $800 on Sept. 29 in each of the years 1909 and ditional incinerator. The vote was 591 to 80 on the former
1910.
proposition and 447 to 180 on the latter.
Plumas County (P. O. Quincy), Cal.— Bond Offering.—
Schenectady, Schenectady County, N. Y .— Certificate Of
Proposals will be received until 10 a. m. Oct. 17 by the fering.— Proposals will be received until 12 m. Oct. 10 for
Board of Supervisors for $100,000 4% gold coupon bridge $100,000 temporary-loan certificates "issued in anticipation
and highway bonds. Authority Title II, Part IV , of the of the receipt of taxes.” Denomination to suit purchaser.
Political Code and election held June 8 1907. Denomination Interest rate to be named in bid. Maturity Feb. 1 1908.
$1,000. Date Oct. 1 1907. Interest semi-annually at the Olin S. Luffman is Comptroller.
County Treasurer’s office. Maturity on Oct. 1 as follows:
Sheraden, Allegheny County, Pa.— Bond Sale.— We are
$40,000 in 1917, $20,000 in 1922, $20,000 in 1927 and $20,000
in 1932. Bonds are exempt from all taxes. Certified check advised that the $85,000 5% coupon bonds, the offering of
for 5% of the amount of bid, payable to the County Treas which was originally advertised for Oct. 14 (V. 85, p. 822),
have already been disposed of.
urer, is required.
South Canonsburg School District (P. O. Canonsburg),
Pringhar, O’Brien County, Iow a.—Bonds Voted— Bond
Offering.— This village on Sept. 30 authorized the issuance Washington County, Pa.— Bond Offering.— Proposals will
of $10,000 5% 10-20-year (optional) water-works bonds by be received until 7 p. m ., Oct. 7, for $11,000 5% schoola vote of 134 to 23. Proposals for these bonds will be re building bonds. D#te Oct. 1 1907. Maturity part yearly
commencing April 1 1910. Bonds are exempt from State
ceived until Oct. 10. W . H. Downing is Village Clerk.
tax. B. M. Kelse is Secretary of the Board of Education.
Quanah Independent .School District (P. O. Quanah), These bonds take the place of the $11,000 4 J^% coupon
Hardeman County, T ex.— Bonds Registered and Sold.— An school-building bonds described in V. 85, p. 486.
issue of $20,000 5% 20-40-year (optional) school-house
South Sharon School District (P. O. South Sharon),
bonds of this district was registered by the State Comp
troller on Sept. 24. We are advised that these bonds have Mercer County, Pa.— Bond Sale.— We have just been ad
been awarded to the State Permanent School Fund at par vised that this district on July 1 awarded $50,000 4 ^ %
30-year bonds to Otis & Hough of Cleveland at par. De
and accrued interest.
nomination $1,000. Interest Jan. 1 and July 1.
Red Lake County (P. O. Red Lake Falls), Minn.— Bond
Stanton, Stanton County, Neb.— Bond Offering.— Further
Sale.— On Sept. 16 the $18,000 10-year Judicial Ditch No. 4
construction bonds described in V. 85, p. 680, were awarded details are at hand relative to the offering on Oct. 28 of
to the Minnesota Loan & Trust Co. of Minneapolis at par $5,500 5% gold coupon electric-light-plant-purchase bonds
mentioned in V. 85, p. 822. Proposals for these bonds
for 6s. Bonds are dated Oct. 1 1907.
will be received until 2 p. m. on that day by W. T. McFar
Rocky Mount, Edgecombe County, N. C.— Bonds Voted.— land, City Clerk. Denomination $500. Date Aug. 1 1907.
By a vote of 442 to 84, this place on Oct. 1 authorized the Interest annually at the Nebraska Fiscal Agency in New
issuance of bonds.
York City. Maturity Aug. 1 1927, subject to call after
Sag Harbor School District No. 11 of the Town of South Aug. 1 1917. Certified check for $500, payable to the
ampton (P. O. Sag Harbor), Suffolk County, N. Y .— Bonds “ City of Stanton,” is required. Bonded debt, including this
Awarded in Part.— Of the $60,000 4)^% school-building issue, $13,000. No floating debt.
bonds offered on Sept. 17 (V. 85, p. 680), $30,000 wero
Struthers, Mahoning County, Ohio.— Bond Offering.—
awarded to the Sag Harbor Savings Bank of Sag Harbor Further details are at hand relative to the offering of the
at par.
$10,000 5% coupon city-building bonds mentioned in V. 85,
Saginaw, Saginaw County, Mich.— Bonds Authorized.— p. 751. Proposals for these bonds will be received until 12
The Board of Estimates on Sept. 20 authorized the issuance m. to-day (Oct. 5) by Lycurgus Creed, Village Clerk. De
of $40,000 street-improvement-assessment bonds, Eastern nomination $500. Date Oct. 5 1907. Interest semi-an
Tax District, $30,000 street-improvement bonds, Western nually at the Struthers Savings & Banking Co. of Struthers.
Tax District, and $20,000 street-improvement bonds, Maturity $500 yearly on Oct. 5 from 1910 to 1929 inclusive.
Eastern Tax District.
Certified check for 10% of bonds bid for, payable to the
Bond Offering.— Wm. Seyffardt, City Comptroller, is Village Treasurer, is required. Total debt, including this
offering the following 4% coupon bonds at par and accrued issue, $18,000. Purchaser to pay accrued interest.
interest:
Bids Rejected.— All bids received on Sept. 15forthe $5,000
A m t.
P u rp o se .
D a te.
D en o m .
M a tu r ity .
6% 10-year coupon street-resurfacing-and-improving bonds
$2,0 0 0
str e e t-im p ro v e m e n t
A u g . 15 1907
51,000
1908-1909
described in V. 85, p. 681, were rejected.
1,500
w a te r
A u g . 10 1907
500
1908-1910
11.000
sew er
S e p t. 2 1907
1,000
1908-1914
Taunton, Bristol County, Mass.— Bond Sale.— This city
1 0 .000
s id ew a lk .
S ep t. 16 1907
1,000
1908-1917
8 0 .0 0 0
s tr e e t-im p ro v e m e n t
O ct.
1 1907
1,000
1908-1917
has disposed of, at private sale, the $45,000 4% 30-year
1 0.000
s tr e e t-im p ro v e m e n t
O ct.
1 1907
500
190 8-1 917
These bonds are exempt from taxation. Interest semi coupon or registered municipal-electric-light bonds offered
but not sold (V. 85, p. 486) on Aug. 15. The price paid
annual .
was par and accrued interest.
St. Bernard (P. O. Cincinnati), Hamilton County, Ohio.—
Toledo, Ohio.— Sales for the Quarter.—The following bonds,
Bond Sale.— This village recently disposed of, at private
sale, the $10,000 4% 30-year water-works and electric-light- aggregating $76,927 34, were issued by the city of Toledo to
plant-improvement bonds offered without success on Sept. 12 its sinking fund at par and interest during the quarter end
to the C tizens’ Bank of St. Bernard. For description of ing Sept. 30 1907:
$28 ,963 47 5 % c o u p o n S p lclb u s ch A v e n u e an d C h erry S tre e t M a rk et S p a ce
these securities see V. 85, p. 429.
N o . 1 p a v in g assessm en t b o n d s .
D e n o m in a tio n $ 2 ,9 0 0 ,
e x c e p t o n e b o n d fo r $2,863 4 7 .
D a te M arch 21 1907.
M a
St. Clairsville, Belmont County, Ohio.— Bonds Awarded in
t u r ity o n e b o n d e a ch s ix m o n th s fro m M arch 21 1908 t o
Part.— Of the $24,506 47 4% coupon Main Street paving
S e p t. 21 1912 In clu sive.
8,361 69 5 % c o u p o n F a sse tt S treet S ew er N o . 970 assessm ent b o n d s.
assessment bonds offered on Sept. 23 (V. 85, p. 618), $12,D e n o m in a tio n $84 0, e x c e p t o n e b o n d fo r $801 69.
D a te
253 23 were awarded to A. W. Beatty and A. L. Bumgarner,
M ay 21 1907.
M a tu rity o n e b o n d ea ch six m o n th s fro m
M arch 21 1908 t o S e p t. 21 1912 in c lu s iv e
• •
both of St. Clairsville.
5,4 5 2 39 5 % c o u p o n S c o t t w o o d A v e n u e N o . 5 Im p r o v e m e n t assessm en t
St. Croix Falls, Polk County, W is.— Bonds Voted—Bond
Denomination $55 0, e x c e p t o n e b o n d fo r $502 '3 9 .
b o n d s.
D a te M a y 7 1907.
A latu rlty o n e b o n d ea ch s ix m o n th s
Offering.—An election held Sept. 27 resulted in favor of a
fr o m M arch 7 1908 t o S e p t. 7 1912 In clu siv e .
proposition to issue $5,000 5% water-works-extension bonds.
676 65 5 % c o u p o n S ew er N o . 988 assessm en t b o n d s .
D e n o m in a tio n
th re e b o n d s fo r $170 e a ch and o n e b o n d fo r $166 65.
D a te
The vote was 37 to 13. Maturity $500 yearly on Nov. 1
J u ly 1 1907. M a tu r ity o n e b o n d ea ch s ix m o n th s fro m
from 1908 to 1917 inclusive. Proposals for these bonds will
M arch 1 1908 t o S e p t. 1 1909 In clu sive
112 38 5 % c o u p o n S ew er N o . 962 assessm ent b o n d s.
D e n o m in a tio n
be received until Oct. 26.
th ree b o n d s fo r $30 e a ch and o n e b o n d fo r $22 38.
D a te
M a y 30 1907.
M a tu rity on e b o n d ea ch s ix m o n th s fro m
St. Paul, Ramsey County, Minn.— Bond Offering.— Pro
M arch 30 1908 t o S e p t. 30 1909 In clu siv e .
....................
posals will be received until 12 m ., O ct. 15, by Louis Betz,
993 96 5 % c o u p o n A lle y -I m p r o v e m e n t N o . 22 assessm en t b o n d s. • D e
n o m in a tio n $10 0, e x c e p t o n e b o n d o f $93 96.
D a te M a y 22
City Comptroller, for the following bonds, mention of which
1907.
M a tu rity o n e b o n d y e a r ly fro m 1908 t o l 917 In c lu siv e
32,3 6 6 80 5 % c o u p o n S ew er N o . 984 assessm ent b o n d s.
D e n o m in a tio n
was made in V. 85, p. 618:
$ 3 ,3 0 0 , e x c e p t o n e b o n d o f $2,666 8 0 .
D a te J u ly 6 1907.
$ 5 0 ,0 0 0 4 % c o u p o n flre-sta tlon b o n d s.
D e n o m in a tio n J100 o r a n y m u lti
p le th e r e o f n o t e x c e e d in g $ 1 ,0 0 0 , as th e p u rch a se r m a y desire.
D a te S e p t. 1 1907.
M a tu rity A u g . 31 1937.
5 0 .000 4 % w a te r-w o rk s -e x te n s io n b o n d s.
D e n o m in a tio n $500 o r $ 1 ,0 0 0 ,
as th e p u rch a se r m a y de sire .
D a te O c t . 1 1907.
M atu rity
...................... S ep t. 30 1937.
M a tu r ity o n e b o n d y e a r ly .fr o m 1908 t o 1917 in c lu s iv e . • -
Interest March and September at City Treasurer’s office.
Troy, Rensselaer County, N. Y .—Bond Sale.— On Sept.'28
the $56,230 16 public-improvement and the $74,718 71
THE CHRONICLE.
public-building 43^% 1-20-year (serial) registered bonds
described in V. 85, p. 823, were awarded to R . L. Day & Co
of Boston at 100.589 and accrued interest— a basis of about
4.43% . Following are the bids:
R . L . D a y & C o ., B o s t o n ____ 1 0 0 .5 8 9 |W . J . H a y e s & S o n s , C leveK o u n t z e B r o s ., N ew Y o r k --1 0 0 .0 6 3 |
l a n d ------------------------------------- 1 00 .036
[V o l .
l x x x v
.
Wellington, Sumner County, Kan.— Bond Sale.— This city
recently awarded $25,000 city-building, $30,000 waterworks-extension and $10,000 light-plant-extension 4>2 %
bonds at par as follows: $25,000 to the State School Fund
Commission, $25,000 to the Stewart Estate and $15,000 to
W . H. Burks. Denomination $1,000. Date July 1 1907.
Interest semi-annual. Maturity as follows: building bonds
in twenty years; water bonds in twenty years, subject to
call $10,000 in five years, $10,000 in ten years and $10,000
in fifteen years; light bonds in twenty years, subject to call
$5,000 in ten years and $5,000 in fifteen years.
West Palm Beach Special School District No. 1 (P. O.
West Palm Beach), Dade County, Fla.— Price Paid for
Bonds.— We are advised that the price paid for the $40,000
5% coupon school-building bonds disposed of on Sept. 10
(V. 85, p. 753) was par and accrued interest from May 1 1907.
West Seneca (Town), Erie County, N. Y .—Bonds Offered
by Brokers.— Meadows, Williams & Co. of Buffalo are offer
ing for sale the 5% sewer bonds awarded to them some time
ago. For description of these securities see V. 84, p. 889.
For prices and other details see advertisement elsewhere in
this Department.
Wharton County (P. O. Wharton), Texas.— Bond Sale.—
On Aug. 20 the $20,000 43^% 10-40-year (optional) bridge
bonds registered by the State Comptroller on Aug. 7 (V. 85,
p. 431) were awarded to H. N. Swain of Dallas at 103 and
accrued interest. Denomination $500. Date March 1 1907.
Interest annually on April 10.
Wheelersburg Special School District (P. O. Wheelersburg), Scioto County, Ohio.—Bond Sale.— On Oct. 1 the $10,000 43^% coupon school-house-enlargement bonds described
in V. 85, p. 753, were awarded to the Central National Bank
of Portsmouth at 101 and accrued interest. The bids were
as follows:
Troy, Miami County, Ohio.— Bond Sale.— Of the $28,000
4% coupon electric-light-plant-equipment bonds offered on
Sept. 30 (V. 85, p. 620), $23,000 were awarded to the Troy
Natioyal Bank of Troy and $5,000 were awarded to the First
National Bank of Troy. The price paid was par and ac
crued interest. Maturity on Sept. 1 as follows: $2,000 in
each of the years 1917 and 1918 and $3,000 yearly from
1919 to 1926 inclusive.
University Place, Lancaster County, Neb.— Bonds Not Yet
Sold.— Up to Sept. 30 no award had yet been made of the
$15,000 5% 5-20-year (optional) electric-light bonds offered
but not awarded (V. 85, p. 486) on July 27.
Van Wert, Van Wert County, Ohio.— Bond Sale.— On
Sept. 30 the $5,000 fire-engine-purchase and the $1,500 fireengine-repair 4% 5-year bonds described in V. 85, p. 823,
were awarded to the People’s Savings Bank of Van Wert at
par.
Ventura, Ventura County, Cal.—Bonds Voted.— By a vote
of 450 to 50 this city on Sept. 25 authorized the issuance of
the $150,000 various local-improvement bonds mentioned
in V. 84, p. 1447.
Waltham, Middlesex County, Mass.—Bond Offering.—
Proposals will be received until 10 a. m. to-day (Oct. 5) by
George B. Willard, City Treasurer, for $15,000 43^% coupon
building-loan bonds. Denomination $1,000. Date July 1
1907. Interest semi-annually at the Boston Safe Deposit &
Trust Co. in Boston. Maturity $1,000 on July 1 from 1908
to 1922 inclusive. Delivery of bonds “ about Oct. 10.” C en t. N a t. B k ., P ’ ts m o u th $ 1 0 ,1 0 0 0 0 ! O tis & H o u g h , C le v e la n d -$ 1 0 ,0 5 2 75
Purchaser to pay accrued interest.
P ’ m o u th B k g . C o . , P ’ m ’ th 10,076 00 I S e cu rity Sa v in gs B a n k &
Weehawken Township (P. O. Station 1, Hoboken, N. J.), ls t 'N a t . B a n k , P o r ts m o u th 10,0 5 5 5 0 1 T ru st C o ., P o r t s m o u t h . 10,005 00
Bonds are dated Oct. 1 1907 and mature part yearly on
Hudson County, N. J.— Bond Sale.— On Sept. 16 the $27,000
coupon Clifton Road improvement bonds offered but Oct. 1 from 1915 to 1924 inclusive.
Whitehall Township (P. O. Cementon), Lehigh County,
not sold on Sept. 5 (V. 85, p. 681) were awarded to W. J.
Pa.— Bond Sale.— On Sept. 23 $15,000 4% 10-20-year
Hayes & Sons of Cleveland at par.
N E W LOANS
^ 35,000
N E W LOANS.
LE G A L IN V ESTM E N TS FOR SA V IN G S B A N K S A N D A L L TR U ST FU N D S IN T H E SI ATES OF
N E W Y O R K . P E N N S Y L V A N IA A N D V E R M O N T.
The City of Norwalk, Conn.
FOUR PER CEMT SEWER BOMDS
NEW LOAN
Town of West Seneca, New York,
Five Per Cent Sewer Bonds.
Interest April 1 and October 1.
Due April 1, 1913-1938.
West Seneca will undoubtedly, within a very limited time, become a corporate
part of the City of Buffalo, and therefore these bonds will become direct obliga
tions of said city. The extension of the city lines has been agitated for over ten
years, and|a notable growth in that direction has taken place during the past few
years. This town has had a phenomenal growth, the population in 1900, U. S.
Census being 5,363; 1905, New York State Census, 14,925; 1907, estimated,
17,500. Itjia situated on the southern and eastern city lines of Buffalo, with an
assessed^valuation of $7,162,240 and a real valuation of $20,000,000, covering an
area of 273^ square miles, with 2 1-3 miles frontage on Lake Erie. The total debt
amountSj;to|but $225,000 (this issue being the only debt), equivalent to less than
3.25% of the assessed valuation.
The validity was passed upon and approved by Hon. Daniel J. Kenefick,
late Justice.of the Supreme Court of the State of New York, now of Messrs. Kene
fick, Cooke & Mitchell, attorneys, Buffalo, N. Y ., and by Hon. John F. Dillon,
late Justice of the U. S. District Court, now of Messrs. Dillon & Hubbard, at
torneys, New York, N. Y .
Copies of the opinions and special circular will be
furnished upon application.
Price to Yield about 4.40% .
Wire all orders at our expense.
MEADOWS, WILLIAMS Sc CO.
BANKERS
Members N. Y . Stock Exchange.
B U FFA LO , N. Y.
S ealed p ro p o sa ls w ill be recei-red b y the M a y o r
o f th e C ity o f N o rw a lk on the 10th D A Y O P
O C T O B E R , 190 7, a t o r b e fo re tw o o’ c l o c k , p . m .,
fo r the p u rch a se o f $ 3 5 ,0 0 0 fo u r p e r c e n t c o u p o n
Sew er B o n d s , w ith o p tio n o f re g istra tio n ; issu ed
b y the c it y o f N o rw a lk to p a y the e x p e n s e in
cu rred fo r the c o n s tr u c tio n o f sew ers.
S a id b o n d s w ill be d a te d J u ly 1 st. 190 7, a n d
w ill m a tu re J u ly 1st, 1 92 7, w ith in te re st a t the
rate o f fo u r p er c e n t p e r a n n u m , p a y a b le s e m i
a n n u a lly o n the first d a y s o f J a n u a ry a n d J u ly
a t th e U n ite d S ta tes M ortg a g e & T r u s t C o m p a n y
In th e C ity o f N ew Y o r k .
E a ch b id m u st b e a c c o m p a n ie d
a ce rtifie d
ch e ck fo r $50 0, as s e cu rity fo r the p e r fo r m a n c e
o f su ch b id , a n d as liq u id a te d d a m a g e s In the
e v e n t o f the fa ilu re o f the su cce ssfu l b id d e r to
a c c e p t a n d p a y fo r sa id b o n d s .
T h e b o n d s w ill be e n g r a v e d u n d e r the s u p e r
v is io n o f , a n d ce rtifie d as to g e n u in e n e ss b y , the
U n ite d S ta tes M o rtg a g e & T r u s t C o m p a n y o f
N ew Y o r k C ity .
S aid b o n d s w ill be d e liv e re d to th e su cce ssfu l
b id d e r a t s u ch tim e a n d p la ce as vaetr be a g re e d
upon.
T h e rig h t Is reserv ed to r e je c t a n y a n d all b id s .
W A L L A C E DAJC.T, M a y o r.
H. W. N0B1E & COMPANY,
D
N
ew
Y
,
Ph
e t r o it
ork,
il a d e l p h ia
.
MUNICIPAL
AND
PUCLIC SERVICE CORPORATI ON
BONDS.
(MUNICIPAL AND RAILROAD
BONDS.
L IS T ON A P P L IC A T IO N .
SEASONGOOD & MATER,
M e r c a n tile L ib r a r y R n lld in g ,
C IN O IH N A T I.
F. B. SHERMAN & CO.
MUNICIPAL
)
and
CORPORATION )
bonds
205 La Salle Street, CHICAGO
THE CHRONICLE.
O ct . 5 1907.]
(optional) highway-improvement bonds of this township
were awarded to the Allentown National Bank of Allentown
and the Catasauqua National Bank of Catasauqua for $15,100— the price thus being 100.666. Denomination $100.
Date Oct. 1 1907. Interest annual.
Wildwood, Cape May County, N. J .—Bond Offering.—
Proposals will be received until 8 p. m. Oct. 15 for $65,500
municipal-improvement bonds. These securities may be
registered as to principal. Authority vote of 31 to 19 cast at
election held May 21 1907. Denomination $500. Date
Dec. 1 1907. Interest semi-annual. Maturity Dec. 1 1927.
Bonds are exempt from taxation. A deposit of 3% of bid
is required. Bonded debt, including this issue, $87,000.
Floating debt “ about $7,000.” Assessed valuation $2,700,000. Official circular states there is no litigation or contro
versy pending or threatened affecting the validity of these
bonds and that the borough has never defaulted in the pay
ment of any of its obligations. Clarence G. Eldredge is the
Borough Clerk.
W ood River, Hall County, Neb.—Bond Election.-—An
election will be held Oct. 8 to vote on the question of issuing
municipal-electric-light and water-works-plant construction
bonds.
Woodruff School District No. 33 (P. O. W oodruff), Spar
tanburg County, S. C.— Bond Offering.— Further details are
at hand relative to the offering on Nov. 4 of the $15,000 6%
coupon school-building bonds mentioned in V. 85, p. 824.
Proposals for these bonds will be received until 12 m. on that
day by J. B. Kilgore, Secretary of the Board of Trustees.
Denomination to suit purchaser. Date Jan. 1 1908. Inter
est semi-annually in Woodruff. Maturity Jan. 1 1928.
Certified check for $500, payable to the Secretary of the
Board of Trustees, is required. Total debt, this issue.
Assessed valuation for 1906 $510,121.
Woodsfield, Monroe County, Ohio.— Bond Sale.— On
Sept. 16 the $5,041 34 5% coupon Marietta Street im
provement assessment bonds described in V. 85, p. 620,
were awarded to Hayden, Miller & Co. of Cleveland for
$5,080 34—the price thus being 100.773—a basis of about
4.829% . Maturity one bond each six months from March 1
1908 to Sept. 1 1917 inclusive.
N E W LOANS.
^ 100,000
C I T Y OF ST. PAUL
S E A L E D P R O P O S A L S w ill b e r e c e iv e d at
th e o ffic e o f th e C ity C o m p tr o lle r b y th e S in k in g
F u n d C o m m itte e u n til 12 O ’C L O C K N O O N O X
O C T O B E R 1 5 T H , 1907, and o p e n e d a t th a t t im e ,
f o r th e w h o le o r a n y p a r t o f $10 0 ,0 0 0 00 o f B o n d s
o f th e C ity o f S t. P a u l, d e s crib e d as fo llo w s :
$50 ,000 00 F ire D e p a r tm e n t B o n d s d a te d
S e p te m b e r 1, 190 7, a n d m a tu rin g A u g u s t 3 1 st,
193 7, b ea rin g in tere st a t th e rate o f F o u r ( 4 % )
p e r c e n t p er a n n u m .
B o n d s in d e n o m in a tio n
o f $100 00 o r a n y m u ltip le th e r e o f n o t e x c e e d in g
$ 1 ,000 0 0 , as th e p u rch a se r m a y d e sire .
They
w ill be In th e sh ape o f C o u p o n B o n d s issued fo r
th e p u rp os e o f e r e c tin g n e w Are s ta tio n s and
e q u ip p in g th e sam e w ith new a p p a ra tu s.
$50 ,0 0 0 00 o f W a te r B o n d s d a te d O c t o b e r 1,
1 90 7, an d m a tu r in g S e p te m b e r 30, 1 93 7, b e a rin g
in terest at fo u r (4 % ) p e r ce n t p er a n n u m .
B on ds
In d e n o m in a tio n o f $500 00 o r $1,0 0 0 00 as th e
p u rch a ser m a y d esire.
T h ese b o n d s are Issued
fo r th e p u rp ose o f en la rg in g an d e x t e n d in g the
W a t e r W o r k s o f th e C ity o f S t. P a u l.
T h e Interest o n b o th o f these issues Is p a y a b le
s e m i-a n n u a lly , Interest an d p rin cip a l p a y a b le at
th e F in a n cia l A g e n c y o f th e C ity o f S t. P aul in
N ew Y o r k C ity .
B o n d s t o be d e liv e re d at th e
C o m p t r o lle r ’* o ffic e , w h ere p a y m e n t m u st be
m a d e , th e p u rch a se r t o p a y a c c r u c d interest to
d a te o f d e liv e r y . A ce rtifie d c h e c k p a y a b le to
th e C ity T rea su rer o f th e C ity o f S t. P a u l fo r tw o
(2 % ) p e r c e n t o f th e p a r v a lu e o f th e b o n d s bid
fo r m u s t a c c o m p a n y e a ch b id th a t w ill be c o n
sid e r e d .
T h e C o m m itte e reserves th e rig ht to
r e je c t a n y and all b id s .
A n y fu r th e r in fo r m a tio n
on a p p lic a tio n .
P r o p o s a ls t o b e ad d re sse d t o
L O U IS B E T Z ,
C ity C o m p tr o lle r .
#
35,000
City of Clay Center, Kansas,
E l E C T R IC L IG H T BON 'S .
S ealed b id s fo r th e $ 2 5 ,0 0 0 00 Issue o f e le c tr ic
lig h t b o n d s o f the C ity o f C lay C e n te r, K a n s a s ,
b e a r in g d a te o f J u ly 1, 1907, p a y a b le ten (10)
y e a r s a fte r d a te o r b e fo r e , at the o p t io n o f the
C ity , a n d b e a r in g In terest a t the rate o f fo u r
p er c e n t p e r a n n u m , p a y a b le s e m i-a n n u a lly , w ill
be r e c e iv e d at the o ffic e o f the u n d eisiirn ed C ity
C lerk o f th e C ity o f C lay C e n te r, K a n s a s , u p to
the h o u r o f S R V E N O ’ C L O C K P . M . O N O C
T O B E R 11 1907.
T h is Issue o f b o n d s has been d e cla re d legal
a n d v a lid b y th e S u p re m e C o u rt o f the S ta te .
T n c y are n o n -t a x a b le in th e S ta te o f K a n sa s a n d
w ill be sold to the h ig h e st a n d b e s t b id d e rs .
B id s w ill be r e c e iv e d fo r p a r t o r all o f the
b o n d s , the C ity r e s e r v in g the rig h t to le je e t a n y
a n d a ll b id s .
B y o r d e r o f the C ity C o u n c il.
D a te d th is 23d d a y o f S e p te m b e r , 1907.
G U Y R . M A R T I N . C ity C lerk .
Yellow Grass, Sask.— Debentures Not Yet Sold.— We are
advised under date of Sept. 30 that this place is still in the
market with the $20,000 water-works-system-construction
and the $5,000 1-10-year (serial) local-improvement 7%
coupon debentures offered but not sold (V. 85, p. 487) on
Aug. 19.
Yonkers, Westchester County, N. Y .— Bond Sale.— On
Oct. 1 the $240,000 5^2% city-tax-relief bonds described in
V. 85, p. 824, were awarded to W . J. Hayes & Sons of Cleve
land at 100.80. Following are the bids:
W . J . H a y e s & S o n s, C le v e _ _ 1 0 0 .8 0
A . B . L e a ch & C o ., N . Y ____ 1 00 .16
D o m in ic k & D o m in ic k , N . Y . 100 .27
K o u n t z e B r o s ., N e w Y o r k ___ 1 00 .16
O ’ C o n n o r <Sc K a h le r, N . Y ___ 1 00 .24
N . W . H arris & C o ., N . Y - . -1 0 0 .1 4 7
A d a m s & C o ., N e w Y o r k ____ 100 .239 R h o a d e s & C o ., N e w Y o r k - - 1 0 0 .0 3
G e o . M . H a h n , N e w Y o r k ___ 100 .23 |
Maturity July 1 1910.
Youngstown, Mahoning County, Ohio.— Bond Offering.—
Proposals will be received until 2 p. m ., Oct. 28, by Wm. I.
Davies, City Auditor, for the following bonds:
$26 ,0 0 0 5 % c o u p o n W e s t F e d e ra l S tre e t w id e n in g b o n d s . M a tu r ity $ 2 ,500
y e a r ly o n O ct. 1 fro m 1909 t o 1917 in c lu s iv e an d $ 3 ,500 o n
O c t . 1 1918.
15,000 5 % c o u p o n c it y -b a r n -c o n s t r u c tio n b o n d s .
M a tu r ity $ 3 ,000 y e a r ly
o n O ct. 1 fro m 1909 t o 1913 In clu siv e .
650 5 % c o u p o n P in e S tre e t im p r o v e m e n t b o n d s .
M a tu r ity O c t . 1
1909.
2,0 0 0 5 % c o u p o n p o lic e an d fire-alarm slg n a l-s y s te m b o n d s. M a tu r ity
$ 1,0 0 0 o n O ct. 1 in each o f th e y ea rs 1909 and 1910.
725 5 % c o u p o n W e s t F e d e ra l S tre e t se w e r b o n d s .
M a t u r it y O c t . 1
1909.
1,470 5 % S u m m it A v e n u e sew er b o n d s .
M a tu r ity $294 y e a r ly o n O c t . 1
fr o m 1909 t o 1913 in c lu s iv e .
2 ,5 3 0 5 % c o u p o n Io n a S treet p a v in g b o n d s .
M a tu r ity $506 y e a r ly o n
O ct. 1 fro m 1909 t o 1913 in clu s iv e
1 ,4 8 5 5 % c o u p o n D a r ro w S tre e t g r a d in g b o n d s . M a tu r ity $297 y e a r ly
o n O c t . 1 fr o m 1909 t o 1913 In clu siv e .
4 ,6 3 5 5 % c o u p o n s id e w a lk -c o n s tr u c tio n b o n d s . M a tu r ity $927 y e a r ly
o n O ct. 1 fro m 1909 t o 1913 In clu s iv e .
The above bonds, are dated Nov. 1 1907. Interest semi
annually at the office of the City Treasurer. Each bid
must be made for each block of bonds separately and must be
accompanied by a certified check (or cash) for 2% of each
block bid upon, drawn on a national bank, and made pay
able to the City Auditor. Purchasers must be prepared to
take the bonds not later than Nov. 4, the money to be de
livered at one of the banks of Youngstown or at the City
Treasurer’s office.
N E W LOANS.
N E W LOANS.
§ 591,000
# 68,000
City of Plainfield, N. J., City of Minneapolis, Minn,,
BONDS
Four Per Cent—Thirty Years.
885
SEWER BONDS
S C H O O L AND PARK BONDS.
P u rsu a n t t o a re s o lu tio n a d o p te d b y th e C o m
m o n C o u n cil o f th e C ity o f P la in fie ld , N ew J e is e y ,
a t a m e e tin g th e r e o f held S e p t. 3 r d , 1 90 7, n o tice
Is h e r e b y g iv e n t h a t th e C o m m o n C o u n cil w ill
m eet o n M O N D A Y , T H E 7 T H D A Y O F O C T O
B E R , 1 9 0 7 , A T -S O ’ C L O C K P . M ., at th e C o u n
cil C h a m b e r, N o . 151 N o rth A v e n u e , in th e C ity
o f P la in fie ld , N ew J e r s e y , at w h ich tim e and
p la ce said C o m m o n C o u n cil w ill r e c e iv e and o p e n
sealed p r o p o s a ls fo r th e p u r c h a s e o f sew er b o n d s
to th e a m o u n t o f S ix t y -e ig h t T h o u sa n d D o lla r s ,
to be Issued b y th e C ity o f P la in fie ld u n d e r th e
O rd in a n ce o f said C itv e n title d “ A n O rd in a n ce
fo r th e F u rth e r Issue o f S ew er B o n d s u n d e r
C h a p te r C X X X I o f th e L a w s o f 1890 an d A c t s
A m e n d a to r y T h e r e o f and S u p p le m e n ta l T h ereto,
A p p r o v e d M a y 1 6 , 1 9 0 0 , an d th e A c t o f th e
L e gislatu re o f N e w Jersey e n title d “ A n A c t t o
P r o v id e fo r D ra in a ge and S ew erage In C ities o f
th is S t a t e ,” a p p ro v e d A p ril 7 t h , 189 0, and A c t s
a m e n d a to r y th e r e o f and su p p le m e n ta l th e r e to .
Said b o n d s w ill be a r d a te th e F irst d a y o f M a y ,
1907, and be p a y a b le as fo llo w s ; t h a t is t o s a y :
O n th e first d a y o f M a y , N in e te e n H u n d re d and
E ig h t , t w o b o n d s ; an d o n th e first d a y o f M a y o f
ea ch an d e v e r y y e a r th e r e a fte r , d o w n t o and
in c lu d in g th e y e a r 104 1, t w o b o n d s ; said b o n d s
shall be a r Interest at th e ra te o f 4 Va p e r c e n tu m
per a n n u m , p a y a b le s e m i-a n n u a lly .
Said b o n d s are t o be c o u p o n b o n d s and t o b e
In th e furm a p p ro v e d l.y th e C o m m o n C o u n c il,
a n d n o .v o n file In th e o ffic e o f th e C ity C lerk o f
said C ity .
U p o n th e r e c e ip t o f th e M ds o r p r o p o s a ls th e
C ou ncil w ill Im m e d ia te ly p r o c e e d t o unseal th e
sam e and p u b lic ly a n n o u n c e th e c o n t e n t s In th e
Y>rrsenee o f th e parties b id d in g , o r th e ir a g e n ts ,
p r o v id in g said p a rtie s o r a g e n ts c h o o s e t o be th e n
and th ere p r e s e n t, and also t o m a k e p r o p e r
re c o rd o f th e p r ice s an d te rm s u p o n th e m in u te s
o f th e C o u n cil.
T h e rig h t t o r e je c t a n y an d all b id s Is e x p r e s s ly
reserved b y th e Com m on C o u n c il.
A ll p r o p o s a ls m u st b e e n d o r s e d " P r o p o s a ls fo r
p u r c h a s e o f sew er b o n d s ,” and sh ou ld in clu d e
th e a c c r u e d Interest fro m d a t e o f b o n d s .
A
ce rtifie d c h e c k o r cash fo r 5 % o f th e a m o u n t
m u st b e d e p o s ite d w ith e a ch b id .
N o bid fo r
less th a n p a r w ill b e a c c e p t e d .
B y o r d e r o f th e C o m m o n C o u n cil o f th e C ity o f
P la in fie ld .
D a te d S e p t 3 r d . 190 7.
.T T . M A C M U R R A Y . C ity C le rk .
S ealed b id s w ill b e re ce iv e d b y th e C o m m itte e
o n W a y s an d M eans o f th e C ity C ou n cil o f th e
C ity o f M in n e a p o lis, M in n e s o ta , a t th e o ffic e o f
th e u n d e rs ig n e d , T H U R S D A Y .O C T O B E R 2 4 T H ,
1 90 7, A T 2 O ’ C L O C K P . M ., fo r th e w h o le o r
a n y p a r t o f th e $4 4 1 ,0 0 0 00 S ch o o l b o n d s and
fo r th e w h o le o r a n y p a r t o f $ 1 5 0 ,0 0 0 00 P a rk
bon d s.
S aid b o n d s b e a r in terest a t th e ra te o f fo u r (4)
p e r c e n t p e r a n n u m , p a y a b le s e m i-a n n u a lly ,
d a te d J u ly 1, 1 90 7, an d p a y a b le J u ly 1, 193 7.
T h e rig h t t o r e je c t a n y o r all b id s is re s e rv e d .
A certified c h e c k fo r t w o (2) p e r c e n t o f th e
p a r v a lu e o f th e b o n d s b id f o r , m a d e t o C. S.
H u lb e r t ,
C ity
T re a su re r,
m ust
accom pan y
e a ch b id .
C ircu la r c o n ta in in g fu ll p a r ticu la r s w ill be
m a ile d o n a p p lic a tio n .
D A N . C. B R O W N ,
C ity C o m p tr o lle r .
ERVIN & COM PANY,
BANKERS,
„
.
em
BONDS
(New York 8tock Exchange,
8 i Philadelphia Stock Exchange,
FOR
43 Exchange Place,
New York
I I V E S T fflE N T
Drexel Building,
Philadelphia.
MacDonald, McCoy & Co.,
MUNICIPAL
A NO CORPORATION
BO NDS.
z8i La Salle Street, Chicago.
E s t a b li s h e d 1 S S 5 .
H . C . Speer & ^ons Co.
First Nat. B a»k Building, Chicago
CITY COUNTY
D A S V in Q
AND TOWNSHIP
U
IN V E S T M E N T B O N D S
L i s t s U4>on r e q u e s t .
Denison & Farnsworth,
W O S T O IV
C L E V B U N D and P H I L A D R L P H U .
BONDS SSSoS? COUPONS
with stee>*-plate tx>rd«rs. or lithographed, or part
ly printed from type. If the latter, then can be
D E L IV E R E D
IN F E W
DAYS
Certificates engraved tn best manner, or partly
lithnerni*****"! and nartiy prinfted
A L B E E T B . K I N G & C 0 . , 2 l 6 B r a a d w a y , N .Y .
886
THE CHRONICLE
[V o l . l x x x v .
Trust ©ompatiies.
MercantileTrust Co. C IT Y T R U S T CO. O L D C O L O N Y
Member
T R U S T CO .
St. L o u 45, M o
S t. L ou is C learing H ou se
50 S T A TE ST R E E T,
A s s o c ia tio n
Capital and Surplus, $9,500,000
F E S T U S J. W A D E .
P resid en t.
W M . M A F F IT T T reasu rer
Commenced business Nov. 16, 1899
RESOURCES
Nov 1 6 , 1S99
$ 1 ,6 6 7 ,0 5 1 19
N ov. 1 6 , 1900
$4,429,443 02
N o v .16, 1901
$ 1 1 ,7 8 0 ,4 1 8 S5
Nov.
16,
1902
$ 2 1 ,8 8 2 ,7 3 4 64
N ov.16,1903 §21,753,471 73
Nov. 16,1904 $26,508,716 93
Nov. 16, 1905 $27,292,163 57
Nov. 16, 1905, §27,934,599 63
Ihe ±rool of (iood service is Constant Growth
^C E N T R A L
TR U S T COM PANY
OF ILLINOIS,
CHICAGO
Capital, - = = = = $2,000;000
Surplus and Profits =
900,000
CH ARLES G . DAYVUa. President.
W . IRV IN G OSBOKiVE, Vice-President.
A . U ilR L A U B , Vice-President.
W ILLIA M K. D a W ES, Cashier.
I., L). SKHVN'KR. Asst. Ca«n<er.
W ILLIA M W . GATES, Asst. Cashier.
A . G . MANG, Secretary.
AIA.LCULM M c u o »v ti^ L , Asst Secretary,
BANKING, SAVINGS AND TRUST
DEPARTMENTS.
Girard Trust Company*
CAPITAL and SURPLUS,$10,000,000.
C H A R T E R E D 1836.
Acts as Executor, Administrator, Trustee,
Assignee and Receiver.
Financial Agent tor Individuals or
Cor porafions.
Interest Allowed on Individual and
Corporation Accounts.
Acts as Trustee ot Corporation M ortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assum es entire charge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
E.
B . M O R R I S , P re sid e n t.
W . N . E L Y . 1st V ice -P re sid e n t.
A . A . J A C K S O N , 2d V ice -P re sid e n t
C . j R H O A D S , 3d V ice-P res. an d Treasurer.
E D W A R D S . P A G E , S ecre ta ry .
M AN AG E R S:
E fW n gh a m B . M orris,
C. H a rtm a n K uhn,
Jam es S p e y e r,
J oh n A . C row n Jr
A u g u stu s D. JuIU iard
Ben jart.in W . R ich a rd s
E d w a rd J . B e r w in d .
J oh u IJ G a rrett,
W illia m H . Jentcs.
R a n dal M organ ,
E dw T . S to te s b u r y ,
W illia m H . (Jaw,
Charles E . In gersoll.
F ra n cis I . G ow en ,
J o h n S to r y .lenk s Jr.
G eo. H . M cF adder.,
H e n ry B . C o x e ,
H en ry T a tn a ll,
E . C. F e lto n .
Iss a c H . C loth ier.
T h o s. D e W it t C u yler
N E . Cor. Broad and Chestnut Streets,
PHILADELPHIA.
The Trust Company
of North America
5 0 3-505 -50 7 Chestnut St., Philadelphia,
CAPITAL.................................... .$1,000,000
AD AM A. STU LL, President
H E N R Y G. BR EN G LE , 1st Vlca-Pres. & Trraturcr.
JO.S. S. C L A R K , 2d Vice-Pres., Superv'g Trust Dept.
cFIAS. P . L1N E A W E A V E R . Sec, & Asst Trust Officer
DIRE
Ilen ry G. Brengle,
James Crosby Brown,
John Cadwalader.
E. W . Clark Jr.,
Eckley B. Coxe Jr..
Edwin S. Dixon.
Eugene L. Elll-son.
Joseoh C. Fraley.
Harry i.. Francis.
Henry L. Gaw. Jr..
HowarJ S. (iraham.
Samuel F. Hour to: ..
;t o r s .
j . Levering Jone3,
Malcolm Lloyd.
John Mcllhcnny.
Richard Wain Meirs.
de m e n t B. Newbold,
John W. Pepper,
W liam F . Read,
Frank Samuel,
Adam A. Stull.
Edward D. Toland,
Joseph R. Wainwright,
William D. Winsor.
BOSTON .
AJASS-
B U N K E R H IL L B R A N C H :
C ity Squ are, C H A R L E S T O W N
M ASS.
Capital & Surplus, = = §4,000,COO
Transacts a General Trust and
Banking Business
Interest Allowed on Deposits Subject to Check
Acts as Trustee under Railroad and other Mort
gages; also as Agent for the Registering
and Transfer of Stock.
A legal D e p o s ita ry for C o u rt F u n d s , and a u th o r
ized t o a c t as E x e c u to r , G u a rd ia n . A d
m in istrator an d Trustee.
D IR E C T O R S .
P H I L I P S T O C K T O N , P residen t.
Charles F . A d a m s 2d,
G e o rg e E . K e ith ,
O rla n d o H . A lfo rd .
G ardin er M . Lane
F . L o th r o p A m es.
A rth u r L y m a n .
Jo h n S. B a rtle tt.
M axw ell N orm an ,
Charles E. C ottlng.
R o b e r t T . P a in e 2d.
A lv a h C rock er,
A n d re w W . Preston.
L lvlngstor) CushingR ich a rd S. Russell.
G e o rg e A . D raper.
H o w a rd S to ck to n .
W illia m F . D raper.
Charles A . S tone.
W llm o t R . Evans.
G alen N . S to n e ,
F re d e rick P . Fish,
Q u in cy A . S haw Jr.,
R o b e r t F . H errick
N ath an iel T h a y e r,
F ran cis L. H lgg ln son ,
H en ry O . U n d e rw o o d .
H e n ry C. Jack son .
W . S ew ard W e b b
S id n e y W . \\ inslow .
BOSTON, MASS.
Capita! and Surplus,
= $7,000 000
T R A N S A C T S
A G E N E R A L B A N K IN G
B U S IN E S S .
ALLOW S I N T E R E S T
ON
D A I L Y
B A LA N C ES
S U B JE C T
TO
CHECK.
TRUSTEE
UNDER
M ORTGAG
ES.
TRAN SFER
A G E N 1\
R E G IS T R A R .
B O A R D OF D IR E C T O R S :
T . JEFFERSON COOLIDGK Jit., - - - - C h airm an
G ord on A b b o t t,
H e n r y S. H ow e,
W a lte r H u u n ew ell,
O liv e r A m e s ,
C. W . A m o r }',
T h om a s L. L iv erm ore,
C h arles - . .welieu,
C harles F . A y e r ,
G e o r e e v . L. M ey er,
Sam uel Carr,
B. P . C h eney,
L a u re n ce M m ot,
R ic h a r d O in ey.
T . J e ffe rs o n Coolidsre,
R o b e r t J. P a in e, “2(\,
C harles E. C utting,
P h ilip L. S a lto nstall,
P lu iip D e x te r ,
N a th a n iel T h a yer,
E b e n S. D raper,
F re d e rick P. Fish,
L u c iu s T u ttle.
Stephen M . W eld,
R e g in a ld F oster.
d i a r i e s W . W h ittie r .
G e o rg e P u a n u ie r ,
R o b e it F. H erricK ,
ine JNLW ENGLAND
Boston Safe Deposit TRUST COMPANY,
AND
BOSTON, liiAoo.
Trust Company
BOSTON OlASa
Transacts a General Trust
Banking Business.
and
Interest Allowed on D eposits Subject lo Check
Acts as Trustee under Railroad and other
M ortgages and is authorized to act as Executor.
Guardian, Adm inistrator and Trustee.
Capital - » » > $1,000 000
2 ,000.000
Surplus (Earned)
C H A R L E S E . R O G E R S O N , P re sid e n t.
J A M E S L O N G L E Y , V ic e -P r e s id e n t.
W I L L I A M C. W I L L I A M S , V ic e -P r e s 't.
G . E . G O O D S P E E D , T reasu rer.
W . L . W H I T N E Y , A s s t. T re a su re r.
H E N R Y A . F E N N , Sec. & M gr. S afe D .D ’t.
H . D . H E A T H F I E L D . A ssistan t Sec.
F . J. B U R R A G E . A ssistan t b e c r e ta r y .
C A P IT A L . $ 1 ,0 0 0 ,0 0 0
SU RPLUS
$ ? 000,C03
Safe D eposit Vaults
A uthorred to act as executor and to receive and
nold money or property in trust or on deposit from
Courts ot Law or Equity, Executors. Administrators.
Aw.gnees, Guardians, trustees. Corporations and
individuals.
Also acts as Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject lo Jheck.
OFFICERS.
• ■
D AVID R . W H IT N E Y , President.
CH ARLES a . D ALTON , Vice-President
CH ARLES F CHOATE. Vice-Presvlent.
FR AN K i. IN H AVEN . Vice-President. • •
JAMES R . H O O PE R, Actuary.
H E N R Y N . M AR K, Secretar .
• • ■
F R E D K VV. A L LE N . Aast.<ec.<tTreas.
THOMAS E . EA TO N , Asst. Treasurer.
.................
FRAN CIS R . JE W E TT , iru st (JUlcer
•
BOARD OF D IR E C IO R j
William Endlcott, Cnairman.
Walter C. Bayiies.
Freuer.cn P . Fish,
Alfred Bowditcn,
Morris Gray,
Gnarles F . Choate,
Fran Klin liaven,
Alexander Cocnrane,
James 1\. Hooper,
t-dmund D Con man,
Jarnes M. Prender?ast,
T. Jeherson Cooiidge.
George S. Siisoee,
Charles H. Dalton,
Lawrence M. -tockton.
Natnamel Thaver,
Ueorge Dexter,
Ptrlip Dexter,
George wigglesworth.
w'llilam Fornswo’-th.
David R . W m tnev.
Mississippi Valley Trust Co.
Fourth & Pine Sts., St. Louis
C A P IT A L , SU R PLU S
icfto C A n
and P R O P I T s )V ° ,° U U ,U V U .
G E N E R A L FIN AN CIA L AND F ID U C IA R Y
BUSINESS TRAN SACTED
DIRECTORS
John I. Beggs
D . R. Francis
R. J. O 'Reilly,M D
Henry \V. Peters
Wilbur F. Boyle August Gehner
Janies 'E. Brock S. E. HoCman
H . Clay Pierce
Murray Carleton Chas. H. Huttig J. Ramsey Jr.
Charles Clark
Breckln’ge Jones James E. Smith
Horatio N. Davis W . J. McBride
Robt. II. Stockton
John D . Davis
Nelson W. .McLeod Julius S. Walsh
Aug. B. Ewing
Saunders Norvell Rolla Wells
W m . D. Orthwein
OFFICERS
JULIUS S. W AL SH , Chairman of the Board
B R E C K IN R ID G E JONES, President
JOHN D. D A VIS, Vice-President
SAM UEL E. HOFFMAN. Vice-President
JAMES E. BR O C K , Secretary
HUGH R. L Y L E , Asst. Secretary
H E N R Y C. IBBOTSON. Asst. Secretary
C. HUNT T U R N E R Jr.. Asst. Secretary
LO U IS W. F R IC K E , Asst. Secretary
F R E D E R IC K V IE R LIN G , Trust Officer
H E N R Y SEM PLE AMES, Asst. Executive Officer
CH ARLES M. PO LK , Asst. Trust Officer
W ILLIA M G. L A C K E Y , Bond Officer
WM. McC. M ARTIN , Asst. Bond Officer
TOM W . BEN NETT. Real Estate Officer
GEO. K IN G SLA N D . Asst. Real Estate Officer
C. W . M ORATH, Safe Deposit Officer
W i s c o n s i n T r u s t C o .,
MILWAUKEE.
Capita’ , - - - - Surplus, - - - - -
$500,003
100,000
Transacts a General Trust Co Bu3’.ness.
Buys and Sea"
High Grade Investment Eonds.
O F F IC E R S .
O L IV E R C. FU LLER , P-e«ld"nt.
F R E D E R IC K HASTEN . Vice-President
G A R D N E R P . s r iC K N E Y . Treasurer.
■
F R E D . C BEST. Secrctarv
R . L . SM ITH , Ass t Secretary
Maryland Trust Co,
BALTIMORE.
CAPITAL,
= -
$2,000 ;000
D IRECTORS
Joslah L . B la c k w e ll
G rier H ersh ,
G . C lym er B ro o k e ,
G e o rg e C. Jenkins,
H . C arroll B row n ,
J o sh u a L e v erin g ,
J o h n VV. C astles,
O scar G . M u rra y,
Josep h R . h o a r d ,
H e n r y F . Sh oem ak er,
B . H ow ell G risw old J r ., Jam es S p ey er,
A . B a rto n H e p b u rn ,
D ou gla s M . W i le .
J o h n T . H ill,
L . S . Z im m e r m a n
O F F IC E R S
G R I E R H E R S H ......................... P residen t
L . S. Z I M M E R M A N ____ 2d V lc e -P r e s t.
C A R R O L L V A N N E S S -----------T reasurer
J E R V 1S S P E N C E R J r . . . A s s t . T reasure
I V A N S K I N N E R _______ A s s t. S ecreta ry
NOW READY.
FINANCIAL REVIEW.
1907 ISSUE.
320 Pages.
PRICE, TWO DOLLARS.
Commercial & Financial Chronicle,
76J/2 Pine Street, New Sfork.
William D. M.arks, Ph. B.C.E.
Consulting Engineer and Statistician.
GAS W ORKS
E L E C T R IC L I T IT W O R K S ,
K LKCTRI
R A I L W A Y S , O IL M / f O R CA RS.
P a u itow Bld«.
New *orU Cltr,
Experienced in M unicipal Causes.
@FedFRASER