The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
VOL. 83._________________ SATURDAY,
C L E A R IN G S — FO R S E P T E M B E R ,
1906.
Total other W e s t..
St. Louis
New Orleans________
L o u is v ille _______
H o u s t o n ..................
t iaiveston
Savannah __________
Richm ond ................
M em ph is___________
A tla n ta ......... ..
Nashville ..................
A u g u s t a ________ .
Fort W orth ____
Norfolk ........................
Birm ingham ________
C h a rle sto n ....... ..........
K n o x v ille ___________
Jacksonville
Chattanooga _______
M a c o n ______ ________
Little R ock ......... ........
Beaumont ......... ........
Columbus, G a_______
Mobile, a ...............
W ilm ington. N . C ___
Total Southern____
Total all___________
Outside New Y ork.
JANUARY~
September.
Clearings at—
New Y o r k ___________
Philadelphia......... ..
Pittsburgh............... ..
B a ltim ore___________
Buffalo..........................
W a sh in gton _______
Albany______________
R o ch e ste r...................
S cra n ton ____________
Syracuse ........... ..........
W ilm ington________
R e a d in g ____________
W ilk es-B a rre.............
Wheeling ___________
E r i e _________________
B in gh am ton ________
Greens b u r g __________
C h e ste r______ _____
F ra n k lin ____________
Frederick____ __ . .
Total Middle...........
Boston _____________
Providence _____ ____
Hartford ________ .
New H aven__________
Portland ___________
Springfield___________
W orcester___________
Fall R iv e r ___________
New B e d f o r d ______
L o w e ll_______ _____
H olyok e. __________
Total New England
C h ica g o_ __________
_
Cincinnati___________
C le v e la n d ___________
D e tro it.. ________ __
M ilw a u k e e __________
Indianapolis __ _____
C olu m b u s___________
T o le d o _____________
P e o r ia ______________
Grand R a p i d s ______
D a y t o n _____________
Evansville __________
Springfield, 111______
Kalamazoo _ _____ __
L ex in g ton _________
Y ou n gstow n ______
R ockford _________
A k r o n ______________
Canton _.
________
Springfield. O h io ____
B loom ington. _
_
Quincv _ ___________
Mansfield _____ __
_.
Decatur . _____
Jacksonville, 111 ____
Jack son _____ ________
____
Ann A r b o r ..
Fort W avne.a _
South B e n d .a .. . . . .
Total Middle W est.
San Francisco. ______
Los Angeles_________
Seattle . ________
P o r tla n d ____________
Salt Lake City_______
T a c o m a _____________
Spokane_____________
H e le n a _____ ________
Fargo ______ _______
Sioux F a lls__________
Oakland_ ____ _____
_
San Jose_____________
Total Pacific______
Kansas C it y _________
M inneapolis..
Omaha _____________
St. Paul__________
D enver_______
St. J o s e p h ..
Des Moines
.+oux C ity___________
W ic h ita ____________
D avenport______
Colorado Springs
T o p e k a ....... ..........
Cedar Rapids
S IN C E
1905-
S
8.313.S31.945
576.003.364
194 116.492
104,135.860
29.606.292
19,287.902
23.422.S06
15.489.502
8,125.624
6.702.S66
4,831.091
5,290.539
4.296.686
4.027.021
2,467.974
1,835.000
2.150.567
2.117.376
1.126.078
7S7.033
9,319,652.019
602,276,10S
26,007.800
13,671.171
9.175.703
7.189,728
7,151.705
5,732,003
3.142.043
2.328.S36
1,924,898
1.9S1.0S9
680,581 -0S4
841.651,763
97,190,450
65,<812.906
•48,780,815
38,796.633
2S,698,132
21,103,000
16,235,641
11,394,615
8,508,206
7,002,942
7,653,426
3,570,556
3,840,850
2,197,134
2,279,058
2,404.111
2,630.977
1,868,403
1,550,056
1,595,904
1,654,459
1 ,484,S91
1,435.606
793,895
1,011,472
487,689
3,009.637
1.713,096
1,221,903,308
185.499.S38
44.043,517
42,834.932
25,098,510
19,571,543
16.S79.580
18,740,506
3.228.007
1.892,417
1,654.863
12,809,454
2.208,960
359,443,713
109,447,773
80.910,924
38,985,524
34.169,914
28,127,346
18,580,355
10.942,521
7,512,776
4.833,743
S
0.859.459.377
562,387.733
194.861.147
105.215.972
27.768,443
18.787,362
19.027.334
14.922,857
7.318,239
6.552,374
4,701.463
4.674.299
4,295.309
3.633,124
2,111,519
1.93S.900
2,012,993
1.842.113
1.128.207
831.448
7,843,470,213
579,253,901
27,320.000
13,026.875
9,355,520
7,648,932
6,666,703
6,064.671
3.0S1.549
2,374,573
1.742,843
1.832,941
658,368,50S
833,649,523
S9,42S,200
61,384.531
47,4S1.829
34.283,731
27,2S4,65S
20,346,100
15,690,699
15,552,354
8,805,838
7,609,247
7,125,563
3,491,528
3,173,040
2,517,878
2,443,271
2,092,962
1,896,000
1,831,575
1,763,357
1,856,053
1,367,523
1,378,039
1,276,243
1,218,982
950,872
466,473
3,066,983
1,631,128
1,196,366,069
163,249,696
40,939,220
25,264.709
20,920,492
16,309,404
14.134,598
13,624,259
3,681,650
2,453,253
1,-177.920
Not included
N ot Included
302,055,201
105,105,791
82.464,890
35,697,804
28,954,699
27,843,360
17,867,493
10,708,950
6,803,440
4,619,224
3,844,843
2.404,464
2,345,151
3,642,778
2.209,658
2,147,622
1,981.027
1,815,125
1.202.723
984,949
4.402.756 N ot included
349.298,068
333.607,805
218,363,189
226.951,515
65.487,411
57,831.531
48.447,750
46.376,030
47,418,097
45.085,084
20.431.000
27,402,500
20,827,539
28.638,449
22.500.089
19.170,137
12.790.025
15,175.517
15,973.700
15,990.577
12,409.056
11,872,130
6.737,893
11,232.056
11.764,825
10,133,460
9.246.843
8.435,367
6,638.430
7.185.869
4.282.100
5.994,778
5.937.153
5,198.899
4,835.895
4,300.384
4.951.958
3.969.132
2.560.097
3,945,449
3,390,433
1.555.883
1,383.596
] ,334.52'
1,601.250
6.011.620
1.800,051
1.986.249 Not Included
566.580.676
551.860.011
12.497.458.868 10.885,727.807
4.183.626.923 4,026,268,430
OCTOBER
1
6,
AN D
1906.
FOR
1906.
1905.
8
%
$
+ 21.2 77.495.903,048 67,563,863.159
+ 2.4
5,671.801.316
5.047.181.004
— 0.4
1.842.194,123
1.967.121,315
— 1.0
914.528.960
1,056.433.454
+ 6.6
288.278.663
253.403.651
+ 2.8
214.921,457
185,807.183
+ 23.1
206,318.667
158.337,720
+ 3.8
147.992.903
139.073,438
+ 11.0
77,455,942
68,229,488
+ 2.3
55,811.644
63,475,689
+ 2.8
43.937.616
49,370.757
+ 13.2
41.700.873
49,568.210
+ 0.03
37.499,121
40,578.451
+ 10.8
29,581,316
39.163,681
+ 16.9
20,004.327
23,535,283
— 5.4
19.759,700
IS.952,800
+ 6.9
17.609,849
19,755.573
+ 14.9
17.841,037
20,264.441
— 0.2
10,836,580
8,710,501
— 5.3
7.405,095
6.693,556
+ 18.8 87,469,940,225 76,470,961,366
+ 4.0
5,572,294,909
6,066,446,425
— 4.8
284,882.300
268,021,800
+ 4.9
135.386,011
121.717.006
— 1.9
85,081,756
91.387,038
— 6.0
63,249,443
71,703,486
+ 7.3
69,613.912
64,919,829
57.521.906
— 5.5
58,746,406
+ 2.0
34.318.986
26,907,896
— 1.9
24,084.521
21,360,837
+ 10.5
IS ,523,584
17,346,949
+ 8.1
18,189,396
17.837.325
+ 3.4
6,316,259,656
6,873,282,065
+ 1.0
7,332,243.368
8,064,023,886
+ S.7
884,616,650
972,008,350
+ 7.2
569,664,029
607,959,137
430,887,210
+ 2.7
483,286,992
+ 13.2
354.732,762
308,496,50?
247,783.414
+ 5.2
265,352,649
+ 3.7
189,803,800
201,313,100
147,101,736
+ 3.5
155,637,156
— 26.7
109,967,174
115,774,125
79,445,182
85,530,817
— 3.4
63,693,893
— 8.0
72,523,252
61,073,027
+ 7.4
65,823,610
+ 2.3
30,410,669
31,469,760
+ 21.0
34,617,782
30,304,770
24,592,385
— 12.7
25,068,690
21,350,564
— 6-7
24,680,723
19,356,621
+ 14.9
22,021,533
+ 38.S
21,739,457
19,313,100
+ 2.0
18,475.780
19,787,954
— 12.1
14,688,165
14,915,798
16,984,442
16,055.670
— 14.1
13,206,650
+ 21.0
14,767,706
12,210,760
+ 7 •/
13,317,087
12,007,059
12,779,501
+ 12.5
9,994,316
— 12.7
10,264,467
8,792,348
+ 6.4
9,320,163
4,810,590
4,279.779
+ 4.5
23,641,643
— 1.9
29,185,413
11.753.526
16.618,623
+ 5.1
+ 2.1 11,713,392,364 10,686,933,811
1,329.199,788
+ 13.6
1,369,764,241
351,687,140
421,109,497
+ 7.6
208,222,777
+ 69.7
348.478,115
161.528,697
192,820.123
+ 20.0
142.204,652
198,706,817
+ 20.0
144,554,3S2
115,212,994
+ 19.4
111 432,173
+ 37.6
155,211,395
29,187,642
26,479,753
— 12.3
20.271.712
— 22.9
17,818,601
10,628.337
13,603,129
+ 12.0
N ot included
74,882.226
in total
N ot included
6.884.958
in total
2,476,868,023
2,891,253,942
+ 19.0
946,557,323
859,569,625
+ 4.1
601,423,384
663,965,938
— 1.9
367,039,749
322,715,524
+ 9.2
235,539,812
290,825,038
+ 18.0
237,021,628
248,333,468
+ 1.0
172,582,496
192,983,416
+ 4.0
97,416,511
102,628,027
+ 2.2
69,777,708
62.290,178
+ 10.4
43.375,10.8
41,255,241
+ 4.6
39.834,092
33,118,795
+ 9.7
25,415,151
26,699,585
+ 2.S
33,237.459
32,540.901
+ 55.3
21,492,701
19,132,005
+ 2.9
18,161,269
15,500,905
+ 9.1
10,840,889
8,469,575
+ 28.2
N ot included
23.473.900
In total
3,075,751.770
2,764,041,731
+ 4.7
2,163,787,157
2,129,009,617
+ 3.9
666,145,126
687,088,177
+ 13.2
446,509,907
484,555.494
+ 4.5
249,222,559
331.694,105
+ 5.2
220.733,000
196,456,500
+ 7.4
154,607,733
148,290,390
— 27.3
189,246,013
222,356,525
+ 17.4
168.221,210
173,997.949
— 15.7
124,612.378
161,362.764
— 0.1
153,263.156
J 13,460,156
+ 4.5
56,322.849
62.546,161
— 40.0
104.027.659
93.219.558
+ 16.1
71 .253.522
85,649.535
+ 9.6
71.478,874
56,131.999
+ S.2
47.568.009
44.052.655
— 28.6
46,482.014
54,245.852
+ 14.2
49.720.663
44.129.321
+ 12.4
48.920.860
33.769.907
+ 24.7
20,725.360
19.739.592
— 30.4
43.133.540
36.133.970
+ 76.4
13.946,849
14.711.035
+ 12.4
1 1.923,844
9,344.509
— 16.7
58,320.882
24.488.512
+ 25.2
19.183.979
N ot Included
In total
5,356.697.401
+ 2.7
4.967.740.652
+ 14.8 117.380.317.767 103.682.805.239
+ 3.9 39.884,414.719 36,118,942,080
a Not Included In tot&Ls for month and nine months; comparison Incomplete.
W E E K E N D IN G
SEPT729
1 90 6.
W eek ending September 29.
Nine Months.
Inc. or
Dec.
NO, 2154.
Inc. or
Dec.
1906.
1905.
Inc. or
Dec.
1904.
1903.
$
%
%
+ 14.7 1,923.940 ,039 ,603,904,695 + 19.9 1.353,708,092 1.327,845721
123,952,193
141,483,419
+ 12.4
143.428 ,991
+ 1.4
106,708,689
47,970 700
46,946,128
30,304,969
+ 3.5
+ 6.8
48,606 ,087
23,856,814
20.826,448
+ 15.5
24,972 ,130
24,592,828
+ 1.5
6,276,9 29
+ 13.8
6,478,460 + 13.7
6,119,363
7,377 ,035
4,104.452
3,958,031
+ 15.7
4,448,059
+ 4.3
4,638 ,513
4 ,1 4 3 7 5 7
+ 30.3
5,700 ,851
4,448,883 + 28.1
4.025,653
3,085,180
+ 6.4
2,558,239
2,809,391 + 27.6
3,585 ,014
1,643,341
2,021 ,660
1,678,884
+ 13.5
1,660,765 + 21.7
1,158,987
+ 13.7
+ 7.6
1,018.003
1,395 ,516
1.297,508
1,470,432
+ 12.4
967,548
1,300 ,155
1,161,590 + 12.0
+ IS-9
1,020,243
1,127,791 + 11.5
1.257 ,243
+ 8.2
892715
+ 5.7
884,808
1,050 ,022
993,635
732,926
+ 32.4
669,389
963 ,324
813,498 + 18.5
531,112
+ 17.7
457,049
594 ,232
479,900 + 23.8
376*100
+ 4-2
— 4.0
449,100
369,500
431 ,900
+ 12.2
404,105
432 ,340
332,523
472,535
— 8.5
549,632
+ 13.6
388,185
539 ,271
402,307 + 34.1
+ 9.1
232,898
+ 24.4
198,753
274 ,099
251,333
+ 10.6
+ 14.4
.844,221 ,825 + 17.8 1,542.340,790 ,549,089,173
+ 8.9
134,516 ,545
+ 3.2
133,885,370
138,860,016
113,373,184
+ 6 .3
7.1.54.100
6,289 ,300
— 4.7
6,201.100
5,992,800
+ 11.2
3,290,239
4,198 ,013 — 21.6
2.482.842
2.736.629
+ 7.4
2,137 ,325
1.91.5,084
2,005.261
2,332,579
+ 9.1
+ 13.4
1.638.699
2.131,032
1,987 ,189
1.872,693
— 5.8
+ 7.2
1,523,967
1,233,565
2,061 ,944 — 24.8
1,549,468
1.362 ,363
+ 2.1
1.155.579
1,441,863
1.237,587
— 7.7
+ 27.5
767 ,412
+ 1.2
474,345
S9S.133
776.397
+ 12.8
465-310
588 ,849 — 11.4
510,6011
521,500
.849
355
+ 21.1
376,657|
+ 6.8
464,514
430,791
482 .362
+ 2.0
513.092
+ 6.4
475.138 _____543,188
+ 8.8
157,397,162
153,159.190
154,746,651
+ 1.7
129,926,96$
+ 10.0'
206,809,382
170,963.310
186,857,785
191,434,525
+ S.C
+ 9.9,
23,081,700
22,703.200
22,003.000
19,115,350 + 20.8
+ 6.7
15,449,004
15,283,040
+ 6.7
14,323,438
12,607,153
+ 12.2
10,965,602
9.613,480
11,528,580
+ 5-1
9,576.985
+ 15.0
9,776,970
7,990,247 + 22.3
8,273,679
8,475,066
+ 7.1
+ 0.S
6,642,365
6,591,916
6,098,0211
6,588,852
+ 6.1
+ 5.2
4.937.100
5,094,300
4,842,900
4,794,4001
+ 5-8
3,706,934
3,865,130
3,411,112 + 13.3
3,035,7191
— 5-0
2,668,599
2,472,273
3,359,138
3,268,538 — 18-4
+ 7.7
1,901.386
1,910,173
1,893,031
1,951,758 — 29.7
+ 13.9
1,522.216
1,506,209
1,571.031
— 4.1
1,621,758
+ 7.8
1,221,113
1,307,439 + 19-0
1,556,626
1.123,396
741.898
903,342
+ 3.5
782,752
858,279
* 5-6
—
+ 14.2
6.50,064
704,702
910,460
718,376 + 26.7
+ 1.9
525,552
514,212
494,824
+ 3.9
407,894
+ 15.6
— 9.2
588,367
571,053
647,725
508,325
+ 13.8
501,237 + 37.8
446,056
397,700
690,711
+ 12.6
402,000
638.000
610,144
426.200 + 43.1
— 6.6
374
699,618
415,861
352,145 + 17.9
— 0.6
451,470
+ 1.5
328,590
327,550
321,033
+ 5-8
369,706
366,838
377.200 — 19.9
308,003
+ 11.8
352,684
301,057 + 3 0 .3
314,121
392,364
+ 9.1
+ 0.2
206,023
343,910
208,875
343,101
+ 6.4
258,0'46
264,632 + 23.8
241 .000
327,576
+ 2.7
221,417
204,820
234,449
302,080 — 22.4
175.000
+ 6.0
225,000
216,710
202,754 + 11.0
81,762
118,757
+ 12.4
— 6.0
137,231
145,996
+ 2.6
764,187
745,055
_____
_______
417,261
362.415 + 15.1
+ 9.6
271,967,057
+ 8.6 250,869,748
297,755,713
274,120,491
+ 3.1
35,663.260
31,068,736
43,344,399
36,838,517 + 17.7
+ 19.8
5,7S5,!71
5,342.201
9,757,624
8,767,850 + 11.3
4,553,968
+ 67.4
4,969,533
9,661,381
5,700,000 + 69.5
+ 19.4
3,876,611
4,541,881
5,781,814
4,491,179 + 28.7
2.940,583
2,820,218
+ 39.7
4,610.697
3 757,435 + 22.7
1,906,793
+ 25.5
2,578,055
4,409,393
3,166,940 + 39.3
2,568,984
2,568,266
+ 39.3
4,580,041
3,113,143 + 47.1
+ 10.2
413,328
541,97.5
885,821
745,929 + IS .8
— 12.1
474,429
537,384
440,356
506,748 — 13.1
+ 28.0
27S/J9G
279,978
358,733
308,516 + 16.3
in total.
2,896,934 N ot included in total
In total
641,973 N ot Included in total
+ 16.7
58,590,052
55,120,298j
67,396,257! + 2 4 .4
83,830,259
+ 7.6
23,638,223
21,532,865!
24,076,112
+ 10.1
25,900,409
+ 10-4,
— 3.1
21,986,520
22,692,684
8,110.212
+ 13.7
7,922,984
+ 9.5
8,599,361
9,417,647
6,403,001
6,538.154
+ 23.5
7,754,438 +
9.400.000
5,307,952
5,030,649
+ 4.8
+ 4.4
6,679,781
6,975,913
4,706,014
4,774,167
+ 11.8
4,282,416
— 7.1
3.976,370
+ 5.4
2,197,991
2,107,558
2.500.000
2,253,503 + 10.9
1 309,46cS
1,312,311
+ 12.0
1,877,287
1.684,195 + 11.5
1,100,000
74S,687
+ 4.3
l . l '
1,137,177
+ 5.1
969,879
1,157,105
+ 20.3
757,994 + 32.5
1,003.198
344,588
412,245
550,000
497,805 + 10.5
+ 5.1
57o ,7 22
1,760.296
+ 2.1
848,382
522,477 + 62.4
378,115
+ 12.3
440.276 + 20.7
531,223
+ 16.8
385,064 + 34.8
519,090
220,912
220,026
+ 28.0
257,711
211,887 +
In tota
1.028.339 N ot included in total
74,930.072
77,209,029
+ 11.3
+ 6.0
81,975,170
80,930.443
51.400,584
52,523,578
49,496,519
+ 6.-1
52,078,782
+ 1.6
15,962,126
14,715,488
14,158,921 + 15.8
+ 3.2
16,389,401
9,603.034
10,276,383
+ 8-6
10.742,339
+ 8 .5
.11,670,751
11.500,000
10.621,703
11,071,066
+ 8-7
+ 33.1
12,030.204
5.766.500
7,533,000
+ 12.4
+ 8 .3
7,385,500
7.999.000
5-698,237
7,337,577
+ 4.3
5.311,054
— 1.4
5.251,491
6,182,252
4.214.681
4,622,670 + 10.2
+ 17.5
5,092,188
2,667,014
3,865,81s
3.438,644
— 8.9
— 3 .3 1
3,133,434
2,752,694
3.657,154
+ 29.5
— 5.4
3.569,862
73,161
2.429,904
3.278,912
2,562,560
+ 8.4
2,777.242
+ 35.1
1,807,420
2,603,612
— 10.0
3.327.916 — 40.4
1.981,393
1.244,827
1,826.437
2.782,321
— 3.9
2,674,923
+ 1 l-o
J .754 .837
1.805,057
+ 20.2
+ 1.S
2.142,640
2 , 181,111
1.138,902
1,261.863
—
1.8
1.699.882
+ 27.3)
1.669,057
1.098.601
1.429.981
+ 8.0
1,565,646 — 27.1
1.141.791
1.208.951
959.929
1.149,634 + 20.1
+ 16.7,
1.380,408
d 12,709
668.359
897.970 + 1 1 .9
+ 12.7
1.004.512
729.729
586.783
910,639 + 12.2
+ 44.9
1,054.755
926.600
921,757
— 0.4
831.876
+ 4.5
828.921
775.733
G64.991
+ 9.5
+ 19.4
916,437
1.003,353
+ 5.5
345,912
373*226
+ 7*2
400.000
+ 27.6
1.025.5101 + 30.7
1,340,382
_______
In total
121,167.868
134,591.481
+ 7.8|
130,215,761
+ 5 .4
137,252.961
2,552.676.155) + 1 5 -0 2.190.658.315 2.228.903.412
+ 13.2
948.771,4601 + 6 .6 ~ 836,350.223 901,057,071
+ 10.4 1.011,734,921
21.2
21.6
11
Tabic Clearings by Telegraph and Canadian Clearings on Page 7 92.
780
THE CHRONICLE.
[V O L. L X X X III.
any means assured. A late frost would be a very
beneficial incident this year on top of so much rain
It seems that easier money was not all our stock and so rich a growth of the plant.
market needed to give it a livelier aspect and better
tone. No doubt great and immediate relief was an
Another class of speculative hopes which the ven
ticipated with the removal of the obstacle the first turer is all the time discounting has received a scrt of
of October payments presented. W e have passed set-back this week. This may be having a good deal
that point, and it is surprising to note what a trifling to do with the sluggish course of the Wall Street
affair did the work required, without, too, an appear market, notwithstanding the ease-up in money.
ance of friction. One would think that the stringency What we refer to was the disappointment over the
and fear of more burdensome rates was almost wholly failure of the directors of the Atchison Company to
sentimental. A promise of 3 million dollars out of increase the annual dividend on the common stock
Mr. Shaw’s gracious distribution of 26 million dollars to 6 % , and consequent severe break in that stock on
among all the national bank depositaries was suffic Wednesday, accompanied by quite a general decline in
ient. In truth the 3 million dollars was not a real market values. What the directors did was to declare
factor— it was little more than a promise; for this a semi-annual dividend of 2 ^ % , which presumptively
city’s most generous portion had hardly gotten out puts the stock on a 5% basis. Speculation has been
of the Sub-Treasury and into the banks when the new quite active in the common stock for some time under
month had opened and the strain was lifted. Thus the stimulus of an expectation that at this period
it happened that this sum ($3,000,000) promised by the dividend would be raised to 6 % . Later it was
the Secretary of the Treasury of the United States rumored that there was a division of sentiment
and on the verge of being distributed among the lead in the board and it seems that the more conservative
ing members of our Clearing House institutions, pos portion of the management has prevailed. W e think
sessors of $118,150,000 capital and $154,235,000 sur the course taken is the wiser one for several reasons
plus ($272,385,000 in all) so quickened the whole lump which it is not necessary to mention on this occasion.
as to impart a degree of mobility to it that enabled it This incident has had considerable influence, in a gen
to carry through and convert all the miscellaneous eral way, especially as there are a great many cases
transactions, dividend engagements and speculative somewhat similarly situated. Thus the common stock
operations of October 1 in a placid and dignified of the United States Steel Corporation has for sometime
manner. It is not often that so much force lies con been bought largely on the idea of a supposed lease
cealed in so small a charge.
of ore lands by the Great Northern Railroad to the
THE FINANCIAL SITUATION.
It should be added as a further fact that since the
allotment to this city was deposited as aforesaid and
money had taken an easier turn, other amounts at
first offered to banks of other cities have been declined
and have since been deposited in New Y o rk , until, rumor
says, not far from one-half of the whole 26 million
dollars has found a resting-place at this trade centre.
But, after
all, the speculation hangs.
There
are several developments which to an extent help to
solve the riddle. Possibly the wild and destructive
storm in the Gulf of Mexico and the rains and floods
accompanying it, followed by the Government reports
of the Agricultural and Census departments, indicating
a materially less promising cotton crop than has all
along been anticipated, wag in considerable part the
cause. If we could assume that reasonable motives
invariably governed Wall Street speculation we should
give quite a place to that development . Of course it is
possible that cotton production may be large even yet.
Worse storms and less hopeful Government reports
have in the past been often followed by big yields.
But the cotton crop is a very important item in the
make-up of business conditions, and especially just at
present. Cotton always makes foreign exchange fast
and that is a factor of prime importance at the present
time, the marketing of the coming crop quickly and early
having been counted on this year. Finance bills are
falling due now rapidly and it will be a real disappoint
ment to have the crop a very late one; it is late already,
as is clearly shown by the ginning report. Then, too,
a good, large cotton crop was one of the proudest
boasts conspicuously depicted in the summary of
events representing the unsurpassed prosperity of the
current year. If we must drop that out, it will be a
misfortune in many ways. Still we do not mean to
.say that a poor result for the cotton crop is as yet by
United States Steel Corporation. Rumor has had it
a good many times that this lease was consummated
and was about to be announced. Wednesday of this
week was one of these occasions. But as the day
passed and no declaration was made, it was finally
assumed that there was a hitch in the negotiations.
In a word the omission to realize the hope of a 6%
dividend in Atchison has led to a lack of faith in
values of all stocks, which have been advanced on
belief in higher dividends or on expectation of changes
in affairs of a company presumed to be productive of
increased earnings. Yesterday afternoon official an
nouncement was received of the completion of the ne
gotiations for the acquisition by the Steel Corporation
of the Hill ore properties, and Steel common advanced
to the highest figure of the year.
The Hughes campaign begins under circumstances
which call for special vigilance. At the moment
confidence in a favorable outcome is being encouraged
over much; this is occasioned by the incident that so
many leading Democrats all over the State are an
nouncing their purpose to vote for the Republican
nominee. A similar feeling is also inspired by the
betting, which is so decidedly one way; evidently go
ing on under the influence of Mr. Hearst’s followers.
Nothing could be more dangerous than a general be
lief that the campaign was a ripe apple; that it did not
call for hard work to gather the fruitage. The publica
tion of letters in the newspapers written by disgruntled
Democrats is a gratifying circumstance; those come
from leading conservative men, the highest class in
the party they denounce. It is to be remembered,
though, that the election does not depend upon that
class of voters; if it did the result would be a foregone
conclusion. The less enlightened in both parties must
Oct. 6 1906.]
THE CHRONICLE.
be reached, and to do that effectively organization is
of first importance. Unfortunately, that suggestion
exposes the weak spot in the Republican Party.
The organization, so far as raising funds is concerned,
must start this year de novo. The old system of gath
ering money was broken up by the investigations Mr.
Hughes conducted. Gold is free to flow out of Hearst’s
money bags as he wills, whereas the Republicans have
absolutely closed up their old-time sources of supply.
However much we may regret it , an available bank
balance is an indispensable agency in an election such
as that we are now entering upon. Corporations, little
and big, have long served the Republicans in the ca
pacity of furnishing the needed funds. The judgment
of the public has been clearly expressed that corpora
tions cannot hereafter act in that capacity. This loss
must be made good to Mr. Hughes. W e do not, of
course, advocate the misuse of money. But it is evi
dent that a candidate for the office of Governor who
has newspapers under his control, with many millions
of cash accumulated, and the willingness to use those
millions in the attainment of a high office, is at de
cided advantage over an opponent having no such
equipment, not even his party’s former method for
accumulating the needed cash. It is getting late to
organize a system for the inflow of the required money.
Sufficient cannot be secured by random individual
subscriptions; the ridiculous dollar movement is too
childish to discuss; some comprehensive method must
be adopted that will reach the business classes as thor
oughly as the former plan, through corporations,
reached them. These remarks have been drawn out
by the published appeal for subscriptions from individ
uals issued the current week by the Chairman of the
Republican State Committee.
At the Chamber of Commerce meeting on Thursday
of this week Mr. John Claflin, Chairman of its Special
Currency Committee, appointed last March, submitted
its report. It is a document showing wide study and
of decided interest. The chief fault found by the
committee with our currency system is the lack of
elasticity, and the cures suggested are two. The first
cure is the formation of a central bank of issue similar
to the Bank of France or the Bank of Germany, such
bank to deal exclusively with banks and its stock to
be owned in part by banking institutions and in part
by the Government, but in the management repre
sentatives of the Government are to be supreme.
The other suggested cure proposes that any national
bank whose bond-secured circulation equals 50% of
its capital stock shall have authority to issue addi
tional notes equal in amount to 35% of its capital,
the additional notes to be subject to a graduated tax
of 2% to 6% , according to the amount of the addi
tional notes taken out.
The central bank proposal the Committee considers
as the ideal way out of the present unsatisfactory
position of our currency, but Mr. Claflin said he did
not think the country was ready for such a step and
that the approval of Congress could not be obtained.
So he dismissed the idea as being for the time imprac
ticable . The other suggestion, coupled with the recom
mendation concerning the deposit of all surplus Gov
ernment moneys with the national banks, ought to
find favor in Congress. Mr. Claflin said very truly
that if there was anything about our financial system
781
which was more inexcusable than any other feature,
it was the piling up of money in the United States
Treasury when the money was urgently needed to
carry on the business of the country. The evils of the
system have been to a considerable extent mitigated
through a wise use of the discretion Government has
given the Secretary of the Treasury; but the system
is without justification.
Mr. Claflin added that
under existing conditions he was not surprised that
such abnormally high rates for money were sometimes
reached in New Y ork, but his surprise was that the
business of the country was conducted without more
serious losg. Somehow, he said, by hook or by crook,
everybody seemed to get all the money he absolutely
needed, b u t, wonderful to relate, although the loss
could not fail to be serious, very serious loss to the
commercial interests had hitherto been avoided.
A summarized statement of the condition of the
trust companies in New Jersey under date of Sept. 4
has been issued this week, and the figures are interest
ing as showing the continued growth and development
of these institutions in that State. W e have directed
attention to this feature on previous occasions, but
the fact is becoming more noteworthy with each suc
ceeding statement. The present report covers the
returns of 67 institutions. This is four more than the
number even on December 31 last, when the report
covered 63 companies. At the beginning of 1900
there were but 25 trust companies in New Jersey.
The business and operations of the institutions have
grown even more rapidly, while capital and surplus
show equal expansion. The capital stock now paid
in amounts to $13,521,300, which compares with
$13,105,000 December 31 last and with only $3,657,400 on January 1 1900. Surplus and profits fall but
little short of 22 million dollars, being $21,989,214.
Last December the amount was $21,574,689, while
January 1 1900 it was no more than $3,652,418. The
deposits now aggregate $130,724,662, which is a gain
of almost 7 million dollars since last December and of
over 22 1-3 million dollars since January 1 of last
year. On Jan. 1 1900 these deposits amounted to no
more than $33,856,403, showing an addition in the
six and a half years since then of nearly 97 million
dollars. Aggregate resources now foot up $175,130,537, which compares with $167,533,883 last Decem
ber and with $43,029,692 Jan. 1 1900. Here, there
fore, the gain in the six and a half years has been over
132 million dollars. Altogether these statistics, fur
nish striking testimony to the development in our
neighboring State of this new agency in the modern
business world; and the continued growth and progress
of the institutions may be accepted as conclusive evi
dence that they are supplying a need in the present
day activities, and also that they are meeting with
success and proving profitable to their promoters.
The statement of earnings of the Pennsylvania
Railroad Company for the month of August has been
made, public this week and attracts attention because
it shows how quick the managers of this important rail
road enterprise are to adapt themselves to changing
conditions and changing requirements. The company
always has an extensive amount of improvement work
projected the cost of which is charged in large part
to the expenses. Hence, when earnings are declining
THE CHRONICLE,
782
or threatening to fall off, this class of work is reduced
to a minimum; vice versa,when the times are good
and traffic and revenues expanding, such work is
prosecuted on a large scale, income being sufficient to
warrant the additional outlays. But the managers
never proceed precipitately. They do not contract
their improvement work even when earnings are falling
off unless the indications are clear and unmistakable
that the decline is to continue. On the other hand,
they do not resume improvement work, after a period
of suspension and contraction, unless the prospect of
renewed prosperity is such as to leave no room to
doubt its continuance. W e seem now to have reached
a point where continued gains in earnings appear to
be assured for some time to come— the company having
apparently recovered from the effects of the coal
miners’ strike in the spring, and business being large
and active in all lines of industry, while at the same
time the season’s agricultural yield has proven excep
tionally satisfactory. Hence the future can be re
garded with considerable confidence and accordingly
we find that the company is again proceeding with
much freedom in the matter of making additions to
the expense accounts. A t all events the August
statement points very strongly to the existence of a
policy of that kind.
Gains in gross earning are of
large proportion, but augmented expenses have con
sumed the greater portion of these gains.
On the lines directly operated East of Pittsburgh,
with an increase in gross earnings for the month of
$1,197,600, the addition to the expenses has been
$800,000, leaving only $397,600 gain in the net; and
on the lines West of Pittsburgh and Erie ,with an
increase of $683,200 in gross the augmentation in
expenses has been $540,400, leaving only $142,800
gain in net. In other words, for the combined lines,
with $1,800,800 improvement in gross, there has been
$1,340,400 augmentation in expenses, giving a gain
in the net of $540,400. Previously, there had been a
disposition not to allow the expense accounts to ex
pand too rapidly. This is evident from the fact that
for the eight months ending with August 31 the figures
show that the gross earnings of the Eastern and
Western lines combined were enlarged by $ 16,546,100,
and that no less than $7,090,300 of this was carried
forward as a gain in the net. Of course the fact that
the road for the calendar year to date already has
such a considerable gain in the net to its credit would
naturally tend to remove any hesitancy that might
otherwise exist to expand improvement work. It is
proper to state that last year, in August, the combined
lines showed $2,519,000 gain in gross and $436,000
gain in net, to which the present year’s improvement
is additional. In August 1904 , on the other hand, there
was $1,077,600 loss in gross with $501,800 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.
h in ts E ast o)
P i t ts b u r g h .
1966.
1905.
1904.
1903.
1902.
A u g u s t.
$
$
S
S
$
G r o s s e a r n i n g s . 1 3 , 1 1 2 ,4 9 9 1 1 ,9 1 4 ,8 9 9 1 0 , 2 9 9 ,8 9 0 1 1 ,0 4 1 ,2 9 0 1 0 ,1 0 6 ,9 9 0
O p e r . e x p e n s e s 8 ,2 7 1 ,4 2 9
7 ,4 7 1 ,4 2 9
6 , 1 8 6 ,2 2 8 9 ,0 7 9 , 6 2 8 6 ,2 6 4 ,5 2 8
N e t e a r n in g s
4 ,8 4 1 ,0 7 0
4 ,4 4 3 ,4 7 0
4 ,1 1 3 ,6 6 2
3 .9 6 1 ,6 6 2
3 ,8 4 2 ,4 6 2
1901.
S
9 ,2 1 4 ,5 9 0
5 ,4 3 1 ,1 2 8
3 ,7 8 3 ,4 6 2
J a n . 1 to A u g .3 1
G r o s s e a r n in g s . 9 5 ,3 4 6 ,3 1 3 8 4 ,6 7 3 ,6 1 3 7 6 ,4 7 6 ,6 6 9 8 2 ,1 9 1 ,9 6 9 7 3 ,2 9 8 ,3 6 9 6 6 ,0 1 7 ,1 6 9
O p e r . e x p e n s e s 6 6 ,8 3 2 ,3 8 9 6 1 ,1 9 1 ,3 8 9 5 4 ,1 0 5 ,1 1 3 7 6 ,9 8 1 ,5 1 3 4 8 ,1 7 8 ,3 1 3 4 3 ,4 2 9 ,3 1 2
N e t e a r n in g s 2 8 ,5 1 3 ,9 2 4 2 3 ,4 8 2 ,2 2 4 2 2 ,3 7 1 ,5 5 6 2 5 ,2 1 0 ,4 5 6 2 5 ,1 2 0 ,0 5 6 2 2 , 5 8 7 , 8 5 7
[V O L L X X X 11I.
There was no change in official rates of discount by
any of the European banks this week; compared with
last week, unofficial or open market rates were un
changed at London and at Paris and
of 1% lower
at Berlin and Frankfort. Expectations of increases
in the official rates of discount by the Bank of Eng
land and the Bank of France were not realized, and
though the losses of gold were heavy b y both banks,
the markets at London and at Paris improved after
the statements appeared.
The feature of the return of the New York Associated
Banks last week was a gain of $3,926,300 in cash and
an increase of $1,224,425 in the surplus reserve, to
$12,540,350. Loans were expanded $7,290,200 and
deposits increased $10,807,500. The bank statement
of this week should reflect the transfer hither from
San Francisco of $1,848,000, representing Australian
gold which arrived on Wednesday; also the transfer
hence to New Orleans of $375,000. Arrivals of gold at
New York from Europe were $5,319,409.
The market for money was influenced early in the
week by a demand incident to the settlements for New
York city taxes, and rates for call loans were quite firm
until Wednesday, when they grew easier in response
to the payment of October interest and dividends.
The placing of the allotments of the $3,000,000 public
funds in the local banks, out of the $26,000,000 which
Secretary Shaw sought to distribute among institu
tions at the central reserve cities and elsewhere, in order
further to relieve the monetary situation, was prac
tically completed by the Sub-Treasury on Tuesday.
It appeared, however, that some of the banks in W est
ern and Southern localities were unable to provide for
the reception of their quota of the public funds because
of inability to procure the class of securities which
was required to be pledged for the deposits. Applica
tions were made to the Treasury Department by some
of the New York banks for the undistributed allot
ments, and by direction of the Secretary these were
transferred to the applicants who pledged the required
collateral therefor. It was thought probable that in
this way the public deposits in the New York banks
would be increased to about $12,000,000.
Money on call, representing bankers’ balances,
loaned at the Stock Exchange during the week at 9%
and at 3 % , averaging about 53^ % ; banks and trust
companies loaned at 4 % as the minimum. On Mon
day loans were at 9% and at 4 % with the bulk of the
business at 7 % . On Tuesday transactions were at
7% and at 4J^% with the majority at 6 % . On
Wednesday loans were at 6% and at 4 ^ % with the
bulk of the business at 5J^%. On Thursday transac
tions were at 5J^% and at 3% with the majority at
43^%. On Friday loans were at 5 % and at 3% with
the bulk of the business at 4}^ % . Time money grad
ually grew easier toward the middle of the week and by
Thursday the rate for loans on good mixed Stock E x
change collateral was quoted at 6 % for all periods from
sixty days to six months. The demand was chiefly
for ninety days to four months, and though some
lenders sought to obtain 6L j% no business was done
at higher than 6 % . For the longer dates the inquiry
was small, borrowers apparently expecting lower
quotations in the near future. Commercial paper was
quiet and rates were nominally 6 @ 7 % for sixty to
ninety day endorsed bills receivable; 6 @ 7 % for prime
O ct . 6 190G.]
THE CHRONICLE
783
and 7@ 7}4CC tor good four to six months single names. ber and against which no advances were made have
been, including the above-mentioned sum that arrived
No sales of high-class paper were made below 63^% .
at San Francisco this week— $7,457,844. There was
The Bank of England rate of discount remains un an importation of $2,000,000 by the Shawmut National
changed at 4 % . The cable reports discounts of sixty to Bank of Boston, against which there were advances,
ninety day bank bills in London 4 ^ @ 4 % % . The open that is not included in the above-noted sum of imports
market rate at Paris is 2y£% and at Berlin and Frank at New York. The total of the importations assisted
fort it is 4J-2@4^s % . According to our special cable and unaided thus far effected since the first week
from London, the Bank of England lost £2,387,413 bul of September, inclusive, is $35,248,610. It is reported
lion during the week and held £31,634,753 at the close that a consignment of $1,800,000 is nearly due from
of the week. Our correspondent further advises us that Australia, another of $4,075,000 from South America,
the loss was due in about equal proportions to exports $250,000 from Japan and $50,000 from Holland,
and shipments to the interior of Great Britain. The making a total of $6,175,000 which is supposed to be
details of the movement into and out of the Bank were represented in the above stated total of engagements
as follows: Imports, £12,000 (of which £7,000 from against which advances have been made by the Treas
France and £5,000 from Cape Town); exports, £ 1 ,- ury.
Nominal quotations for sterling exchange are
368.000 (of which £200,000 to Constantinople, £640,000 to Egypt, £206,000 to Canada and £10,000 to 4 81 for sixty day and 4 843^ for sight. The market
Natal and £312,000 bars sold), and shipments of was quiet on Saturday of last week, with long un
changed, compared with the previous day, at 4 7950@
£1,031,000 net to the interior of Great Britain.
4 7975, short 5 points higher at 4 8325 @ 4 8335 and
The foreign exchange market was generally strong cables 5 points lower at 4 8410@4 8415. On Monday
this week, influenced by a demand to remit in settle long fell 25 points to 4 7940 @ 4 7950, short rose 10
ment of maturing finance and other loan bills, cables points to 4 8335@ 4 8340 and cables 10 points to 4 8415
being largely drawn for this purpose. There was also @ 4 8425. On Tuesday long advanced 25 points to
a good inquiry for short for remittance, while long was 4 7965@4 7975, short 30 points to 4 8365@ 4 8370
in request because of easier discounts in London. The and cables 20 points to 4 8435@ 4 8445. On Wednes
indications toward the middle of the week that the ef day long fell 10 points to 4 7955 @ 4 7965, short was
forts of the Secretary of the Treasury to relieve mone unchanged, though firm, and cables rose 20 points to
tary tension were likely to be successful, and the easier 4 8455@4 8460. On Thursday long advanced 60
tone for short-time loans, had much influence upon the points to 4 8 0 @ 4 8025 and short 10 points to 4 8370 @
money market. Another important factor was the 4 8380; cables were 5 points lower at 4 8450@ 4 8460.
failure of the Bank of England Governors to advance The market was strong on Friday and 25 points
the rate of discount . The concurrent reduction in the higher for long and 15 for short.
price of gold bars in London to 77 shillings IV/i pence
The following shows daily posted rates for sterling
per ounce from 77 shillings 113^ pence on Monday was exchange by some of the leading drawers:
regarded as evidence that further withdrawals of the
F r i.,
M o n .,
W e d .,
T h u rs. , F r i :
T u e s .,
O ct 2 .
O c t. 4 .
S e p t. 2 8 O ct 1.
O c t. 3 .
O c t .5 .
metal from the British capital b y American bankers
81
/ 6 0 d a y s 4 8014
8014
8014
8014
8014
were held to be unlikely. The chief inquiry for ex B r o w n
S i g h t . . 4 8 4 14
B roth ers & C o . . .
8414
8414
8414
8414
8414
81
r
81
81
81
81
change was for the payment of maturing finance bills, B a&inCg o _______________ . . . 1j 6 0i gdhaty. s. 4 8 1m
8414
S
4 s
S414
8414
S414
8414
B a n k B r itis h
81
J 6 0 d a y s 4 81
81
81
81
81
large amounts of which will fall due this month, and
N o r t h A m e r ic a . . . . . 1 S i g h t . . 4 8414
8414
8414
8414
8414
8 4 J4
81
81
B an k of
/ 6 0 d a y s 4 81
81
81
81
the fact that cables were preferred for remittance
8414'
M o n t r e a l ___________ . - 1 S i g h t - - 4 8 4 1 4
8414
84.14
S 4>4
8414
81
C a n a d ia n B a n k
81
81
SI
81
J 6 0 d a y s 4 81
seemed to indicate that there was some urgency for
o f C o m m e r c e _____. . . 1 S i g h t . . 4 8 4 1 4
8414
8414
8414
8414
8414
80 H
H e id e lb a c h , I c k e lJ 6 0 d a y s 4 8014
8014
8014
8014
8014
8414
8414
8414
such settlements. Short was largely oversold early in
h e im e r & C o _____. . . ] S i g h t . . 4 8 4 1 4
8414
8414
8014
L azard
8014
8014
8014
J 6 0 d a y s 4 8014
8014
8414
.
8414
8414
e e
8414
8414
the week because of speculative manipulation last M eFr cr h ar n tss______n.k. . . . 1J S 0i gdhaty. s 4 8 4 1 4
81
81
81
81
’ Ba
6
4 81
81
o f C a n a d a _________ . . . \ S i g h t - . 4 8 4 1 4
8414
8414
8414
8414
8414
week and re-buying led to a sharp advance. Long
promptly responded to the unchanged Bank rate on
The market closed on Friday at 4 8025@ 4 8035 for
Thursday and then the whole market was strong.
long, 4 8385@4 8390 for short and 4 8450@ 4 8460
Commercial bills against grain were in good supply
for cables. Commercial on banks 4 7980@4 7990 and
but those against cotton were offered in only moderate
documents for payment 4 7934 @ 4 8034- Cotton for
volume.
payment 4 7934 @ 4 7934 >cotton for acceptance 4 7980
The new engagements of gold this week amounted
@ 4 7990 and grain for payment 4 8034 @ 4 8034 •
to 85,584,000, the largest sum, $2,500,000, being pro
cured on Monday from the consignment which then
The following gives the week’s movement of money
arrived at London from South Africa. The total en
to and from the interior by the New York banks:
gagements thus far reported since Sept. 10, when
Secretary Shaw’s order providing for advances of
N e t In te r io r
R e c e iv e d by
S h ip p e d by
M o v e m e n t.
N . Y . B a n ks. N . Y . B a n k s.
W e e k e n d i n g O c t. 5 1 9 0 6 .
Government funds to importers became effective,
$ 6 ,4 0 3 ,0 0 0 L o ss $ 2 ,6 4 8 '0 0 0
C u r r e n c y ___
8 3 .7 5 5 ,0 0 0
7 9 1 .0 0 0
1 .4 9 8 ,0 0 0 L o ss
7 0 7 .0 0 0
amount to $41,556,000. There was an arrival this G o ld __________________________________
8 7 .9 0 1 .0 0 0 L o ss $ 3 ,4 3 9 ,0 0 0
T o ta l g o ld a n d leg a l te n d e r s _______
8 4 .4 6 2 .0 0 0
week at San Francisco, from Australia, of $1,848,000
gold, representing a purchase which had been made by
With the Sub-Treasury operations the result is as
American importers in the first week of September; follows:
hence there were no advances by the Treasury to assist
N e t C h a n g e in
Out of
I n to
this importation. The imports of gold at New York
B a n k H o ld in g s .
B an ks.
B an ks.
W e e k en d in g O ct. 5 1 9 0 6 .
from Europe which have been assisted through Treas B a n k s' In terio r m o v e m e n t a s a b o v e . . $ 4 ,4 6 2 ,0 0 0 $ 7 ,9 0 1 ,0 0 0 L o ss $ 3 ,4 3 9 ,0 0 0
4 4 ,8 0 0 .0 0 0 | 3 8 ,8 0 0 ,0 0 0 G a in 6 , 0 0 0 ,0 0 0
S u b .-T rea s. o p er. a n d g o ld Im p o rts —
ury advances amount to 825,790,766. The importa
T o ta l g o ld a n d leg a l te n d e r s ............ | 8 4 9 .2 0 2 ,0 0 0 ' $ 4 6 ,7 0 1 ,0 0 0 G a in $ 2 ,5 0 1 ,0 0 0
tions of gold that was purchased in Europe in Septem-
784
THE CHRONICLE.
[V ol l x x x iii
The following indicates the amount of bullion in the candidate. This being demonstrated, the illegally
returned legislator may be unseated by his associates
principal European banks:
themselves. In other words, direct pressure from
O ct. 5 1 9 0 5 .
O c t. 4 1 9 0 6 .
B a n k o1
the electorate, in complications of this sort, has
T o ta l .
G o ld .
| S ilv e r .
G o ld .
| S ilv e r .
,
T o ta l.
been scrupulously ruled out. The country recog
£
£
i
£
£
1 £
£
___________ ' 3 2 ,3 0 0 ,9 4 4
E n g l a n d - _ 3 1 ,6 3 4 ,7 5 3
.................... 3 1 ,6 3 4 ,7 5 3 3 2 ,3 0 0 ,9 4 4 1
nized this principle under extremely critical conditions
F r a n c e ___ 1 1 3 ,4 5 0 ,5 8 1 1 4 I , 7 7 9 , 4 6 5 i l 5 5 , 2 3 0 , 0 4 6 1 1 7 , 5 9 6 ,2 6 4 4 3 ,9 3 6 ,6 1 2 1 6 1 ,5 3 2 ,8 7 6
1
9 ,1 5 3 ,0 0 0 ■ 3 6 , 6 1 1 , 0 0 0
G e r m a n y . 2 5 , 3 2 4 , 0 0 0 ' 8 , 4 4 1 ,0 0 0 3 3 , 7 6 5 , 0 0 0 2 7 ,4 5 8 ,0 0 0 i
in the work of the Electoral Commission after the
5 ,2 5 1 ,0 0 0 1 2 0 ,1 8 3 ,0 0 0
5 ,0 8 3 ,0 0 0 1 1 5 ,S 1 2 ,0 0 0 1 1 4 ,9 3 2 ,0 0 0
R u s s i a - _ - 1 1 0 ,7 2 9 ,0 0 0
A u s . - H u n . 4 6 .8 0 8 .0 0 0 1 1 ,9 3 9 ,0 0 0 5 8 ,7 4 7 ,0 0 0 4 5 .5 4 3 .0 0 0 1 2 , 2 3 8 ,0 0 0 5 7 .7 8 1 .0 0 0
Presidential vote of 1876.
S p a i n -------- 1 5 .2 8 4 .0 0 0 2 4 , 6 4 0 , 0 0 0 3 9 ,9 2 4 ,0 0 0 1 4 .9 4 9 .0 0 0 2 2 ,6 7 4 ,0 0 0 3 7 .6 2 3 .0 0 0
3 ,2 2 3 ,7 0 0 2 8 ,0 0 2 ,7 0 0
8 , 7 8 8 , 5 0 0 3 3 ,4 3 5 ,5 0 0 2 4 . 7 7 9 . 0 0 0
I t a l y ---------- 2 9 . 6 4 7 . 0 0 0
W e have felt, on the whole, that this principle ought
6 ,5 9 7 ,7 0 0
6 ,0 3 4 ,5 0 0 1 2 ,6 3 2 ,2 0 0
N e th ’ l’d s .
5 ,5 2 8 ,9 0 0
5 , 6 4 4 , 1 0 0 1 1 ,1 7 3 ,0 0 0
i
4 ,7 7 0 ,0 0 0
3 .1 8 0 .0 0 0
1 ,5 9 0 ,0 0 (1
3 ,3 3 6 ,6 6 7
1 ,6 6 8 .3 3 3
5 , 0 0 5 ,0 0 0
N a t .B e lg .3 .6 6 0 .0 0 0 1
.............. .. ' 3 , 6 6 0 , 0 0 0
S w eden . .
3 ,8 7 9 ,0 0 0
___________i
3 ,8 7 9 ,0 0 0
to be applied to Cuba. But we freely admit that
T o t . w e e k _ 3 8 5 ,6 2 1 , 9 0 l | l 0 2 , 9 8 3 ,3 9 8 1 4 8 8 ,6 0 5 ,2 9 9 3 9 0 , 9 9 5 , 9 0 8 1 0 4 ,1 0 0 ,8 1 2 | 4 9 5 ,0 9 6 ,7 2 0
Mr. Taft had to deal with the question not merely
P r e v . w e e k 3 9 6 ,1 2 4 ,8 2 7 | l0 5 ,7 4 7 ,8 6 9 | 5 0 1 ,8 7 2 ,6 9 6 3 9 9 , 4 5 1 , 3 1 6 j l 0 6 , 6 0 2 ,5 4 9 5 0 6 , 0 5 3 ,8 6 5
of precedent and constitutional law, but of conflicting
human interests. We shall not insist that in following
what seemed to be the line of least resistance toward
SECRETARY TAFT AND CUBA.
Our impression of the Cuban situation, as it stands conciliation, he did not adopt the wisest expedient of
to-day, is that a very unpleasant crisis, both for our statesmanship. However this may be, the attitude
selves and for Cuba, has been passed, for a time at of President Palma brought this part of the nego
least, in safety; and that there is now some ground for tiations to an end. Whether because of outright dis
entertaining the belief that the legitimate status quo gust, or because of physical fear, or because our Govern
may be restored in Cuba without its annexation to the ment would not accede to his cool request for the loan
United States. The credit for this result, so far as it of our army, or because of unwillingness to confront
can yet be called a result, rests almost wholly with the situation which would be left by such a compro
Secretary Taft, whose firmness, patience and tact mise— this last being not an unreasonable supposition
have alternately been called into play under circum — the first Cuban President, at all events, refused to
stances demanding the most skilful exercise of such accede to any compromise, and on the spot resigned
qualities. Mr. Taft’s conduct of the matter has his office. He was followed in his retirement by the
abundantly vindicated the belief which people have Administration officers in general, so that Cuba was
come to entertain regarding him, that as a statesman left without a government. Whatever the real motive
and diplomatist he stands very high among public for the step taken by President Palma, its effect was
apparently to throw Cuba between two alternatives
men of to-day.
The most serious problem which has confronted of chaos or American annexation, and it must be
Mr. Taft has been that of steadfastly refusing to yield described as a selfish and unpatriotic act. Secretary
to the maneuvers of Cuban politicians and factions Taft’s assumption of the governorship was the inevit
who were determined that the United States should able sequel.
A period of calm has followed this temporary solu
take over Cuba. From the start Mr. Taft made it
plain to the Cubans, not only that purposes of annexa tion of the problem. During that period Mr. Taft has
tion had not inspired his visit to Cuba, but that any been wise enough to make plain again the attitude of
such policy was repugnant to our Administration and our Government in opposition to annexation. In his
people. That Secretary Taft should have assumed proclamation to the people and in various addresses
governmental powers over Cuba, as he did last Satur made since that time, Mr. Taft has insisted on the
day, was in no respect inconsistent with that posi temporary character of our intervention. With a fine
tion; it was a proper and necessary sequel to last sense of tact, the new Governor’s proclamation gives
week’ s events.
It seems to be clear that, in this tangible indication of the attitude occupied by
his investigation of the alleged election abuses, Mr. our Government:
Taft was satisfied that gross frauds were perpetrated,
“ In so far as is consistent with the nature of a pro
but that these irregularities had not been necessary visional government established under the authority
to the election of President Palma himself. To Presi of the United States, this will be a Cuban Government
conforming with the Constitution of Cuba. The Cuban
dent Palma Mr. Taft had, therefore, proposed a com
flag will be hoisted as usual over the Government
promise whereby some of the Opposition Party should buildings of the Island, all the executive departments
be taken into the Cabinet and.new elections held for and provincial and municipal governments, including
that of the city of Havana, will continue to be adminis
part of the Legislature.
As our readers know, we have on general principles tered as under the Cuban Republic; the courts will con
tinue to administer justice, and all the laws not in
looked with disfavor upon this expedient of reopening
their nature inapplicable by reason of the temporary
an electoral vote through holding a new election— our and emergent character of the Government will be
ground for that Judgment being that such revision in force.”
of a vote, once secured by threat of revolution, would
Going even further, Mr. Taft has announced, within
encourage every subsequent defeated party to resort a day or two, that he will choose no Cabinet; that such
to the same expedient. Even in our own country selection must be left to his Cuban successor. In
one can imagine how demoralizing would have been other words, he takes for granted continuance of selfthe result had the practice been established in the early government in Cuba.
days of the Republic of holding new elections whenever
We think this policy, thus maintained, points
proof of fraud at the polls should be satisfactorily clearly to the next step which will be taken, always
alleged. Very wisely, it is the principle of our Govern providing Cuba itself is sincere in its purpose of avoid
ment, as of England, to let the returns of election ing internal anarchy. The rebellious Cubans must
officers bear their own testimony, except in so far as necessarily disarm; order must be restored in the parts
the Legislature itself may decide on investigation of of the island occupied by these troops. While this is
a given case that the true majority went to the other going on, our own troops must guarantee the main-
O ct . 6 190(3.]
THE CHRONICLE.
tenance of order, as they did at the end of the Spanish
War. When this has been accomplished, it will un
doubtedly be time for Mr. Taft to bring together the
prominent and patriotic public men of Cuba, and to
arrange, as with his present powers he can do, for
holding a new election. There is this advantage in
the present peculiar situation and in the peculiar status
of Mr. Taft himself as Governor that, inasmuch as
the whole situation now is extra-constitutional and
extra-legal, it makes possible the solving of the island’s
difficulties without regard for the moment to obstruc
tive technicalities.
THE VOLUNTARY CONCESSIONS OF
RAILROADS.
Since referring, some weeks ago, to the suit by the
State of Pennsylvania against the Pennsylvania Rail
road on the very peculiar ground that its joint mileageticket arrangement with several other roads is not
liberal enough in its conditions, the Pennsylvania has
put on sale (as announced at that time) a 1,000-mile
book at the flat rate of $20, good on its lines east of
Pittsburgh and also in the hand of any person, thus
making an unlimited two-cent rate for all who are pre
pared to buy it in that quantity. The same road has
also reduced its local rates to 2)^ cents; the Lacka
wanna, the Erie and the Lehigh Valley have done the
same; and now the Boston & Albany has announced a
flat reduction to 2 cents, the changes of course being
reductions and not affecting any existing rates which
are lower than 2)^ cents. The interchangeable book
by the Central of New Jersey, the Reading, the N. Y .
Central and the Buffalo Rochester & Pittsburgh is
now good until used in the hands of bearer and sold
at $20 flat; while the Boston & Maine has gone further
in one particular, for it has heretofore sold a 1,000-mile
book good only in Massachusetts, but now sells a 500mile book for $10, good to bearer over all the company’s
lines. These changes, which will all be in effect by
Nov. 1, are progressive steps towards the cheap fares
which all of us desire and some desire so earnestly
that they are ready to advocate (if not to actually try)
bringing them about by compulsion instead of by
competition.
Only last week the Secretary of the Pennsylvania
State Board of Trade made public the substance of the
replies received by him from State Executives to a
communication urging them to unite in an attempt
for legislation by the States to bring about a two-cent
rate through the entire country. Gov. Blanchard of
Louisiana says (what even-body knew already) that
‘‘ all the people would welcome” a reduced rate. Gov.
Glenn of North Carolina says he will ask the next
Legislature to cut the rate as low as possible. Gov.
Terrell of Georgia says a commission is investigating
there and will report to the next session. Gov.
Broward of Florida, by some reasoning which he does
not explain, concludes that “ the railroads would make
more money if they would carry passengers for
cents a mile.” Gov. Chamberlain of Oregon thinks
the roads ought to be compelled to adopt a two-cent
rate. Gov. Davidson of Wisconsin is “ in full accord
with the movement.” Gov. Warner of Michigan says
that some roads there are already using the two-cent
rate. The Executives of Colorado, Washington and
North Dakota say that a two-cent rate may be justi
fiable in the East, but in the West population is still
785
too sparse to make railroading profitable at less than
2]^ and 3 cents, and a number of others have dis
creetly refrained from making reply.
If the doctrine of forcible interference had not be
come so familiar, such a proposition as this would, we
suppose, strike people as without color of reason.
Everybody knows that when a price for producing an
article is asked of a manufacturer he replies by putting
the most conclusive question, What quantity is to be
taken? Everybody knows that, other conditions be
ing the same, illuminating gas cannot be supplied to
the scattered dwellings of a suburb at as low a figure
as in the great city;- and it ought to be plain that a
two-cent rate might bring profit to a railroad in Massa
chusetts and bankruptcy to one in Montana. W e
have discovered that often when we individually have
to do or bear things which seem hard we somehow
manage to stand it; a few States have already enacted
laws requiring railroads to carry for two cents, and
there is a disposition— which seems to be growing and
may yet proceed to such lengths as to make a conclu
sive test— to believe that if the law only orders a rail
road to work financial miracles and match 80 cents of
income with 100 cents of outgo, it will be done in some
way or other.
Railroads labor to increase development as well as
to reduce transportation costs. We have several
times referred to the work of some of them in furthering
good roads and running agricultural lecture trains,
thus bringing the agricultural college to the farmer,
and this work is still progressing. The Illinois Central
will now operate a “ farmers’ special” in the South,
starting October 2 from Hernando near the north
ern line of Mississippi and ending in ten days at Mem
phis. Stops will be made at nearly 100 stations, the
town halls being used in the larger places and the train
in the smaller, the speakers of course being the ablest,
since the sole object is practical results.
Another development along the same line of work is
being done in other fields; it might be called teaching
agriculture b y mail. The suggestion comes from the
Burlington road’s industrial commissioner and has
grown out of the lecture train. The plan is to have
the agricultural department of the State universities
arrange for a four years’ correspondence course, each
year taking up its special phase of agricultural work,
the correspondence to be based on text-books sup
plemented by monthly bulletins and practical experi
ments. On the practical side, the student is to set
aside one acre, upon which he can demonstrate and
observe, keeping accurate account of results upon this
acre and reporting to the university; an annual meet
ing at the State farms, of course favored by reduced
fares, is also contemplated. The plan is to be without
charge beyond a small enrollment fee ns evidence of
good faith, and it is endorsed warmly by the heads of
the State universities and the Executives of the great
agricultural States of Illinois, Iowa, Nebraska and
Missouri.
The popular notion of a railroad is that it is an
octopus— a devouring monster. That is the substance
of the complaint, which wholly ignores the fact that
unless the people thrive there would soon be no suste
nance for this monster, and that if he really devoured
them utterly he would soon be in the agonies of starva
tion. A railroad must have development and pro
duction through its territory, especially if it is a
78(5
THE CHRONICLE.
pioneer road, and the real fact is that it is much nearer
a kindly nurse of popular prosperity than a devouring
monster. The common carrier must certainly have
things to carry or perish. And while orators and
writers are spouting rhetoric and legislatures are
laboring to tie up the monster b y statutes, he is at
work trying to pay his debts and make both financial
ends meet, and hence all the time planning new ways
for increasing population and production in the terri
tory where he operates or to which he expects to
push on.
THE LOUISVILLE & NASHVILLE REPORT.
Perhaps the feature in the annual report of the Louis
ville & Nashville Railroad Company for the year end
ing June 30 1906 which will attract most attention is
the fact that, with a further large addition to the gross
earnings, there has been only a trifling increase in the
net earnings. The gross earnings have been steadily
growing, indicating satisfactory development of the
business of the system and careful attention to it. In
the late year the total of the gross rose from $38,517,070 to $43,008,996. On the other hand, the net earn
ings gained only from $12,027,049 to $12,075,532.
The absence of expansion in the net earnings is the
more noteworthy as the same feature had been observ
able in other recent periods. For instance, in the two
years preceding, while gross rose from $35,449,377 to
$38,517,070, the net increased only from $11,478,565
to $12,027,049. The situation thus is that during the
last three years there has been an enlargement of the
gross earnings by over 7y% million dollars, with an in
crease in the net of not quite $600,000. It should be
noted, furthermore, that the ratio of expenses to earn
ings for 1905-06 was almost 72% (71.92% ) , as against
68.77% in 1904-05 and considerably smaller ratios in
the years preceding.
Of course, in the three years the extent of road oper
ated has considerably increased, the average in 1905-06
having been 4,131 miles, as against only 3,439 miles in
1902-03, and this addition naturally tended to swell
the expense accounts. But in reality a variety of
circumstances combined to increase the total of the
expenses. These circumstances are summarized in a
paragraph in the report, and this paragraph is worth
quoting in full, for the enlightenment of the reader,
as follows:
The better weather conditions, with more work un
der construction, the increased cost of all classes of
labor and materials, the rebuilding of the Louisville
passenger station, the repairing of W orld's Fair equip
ment, the yellow fever for five months on the Southern
divisions, and the unusual number of destructive ac
cidents, account for most of the increases in operating
expenses, except “ locom otive repairs,” which increased
5 0 .6 % , due to heavy repairs required upon 76- new en
gines put in service in 1904 and 21 old ones taken over
with the Atlanta Knoxville & Northern Railroad, and
to deferred light and heavy repairs during the time of
removal from the old to the new shops at South Louis
ville, which period was marked b y a phenomenal in
crease in tonnage, 'and consequent additional strain
upon motive power.
The foregoing is suggestive as indicating some of
the special conditions that had to be contended with
in the operation of the road. It appears to us, how
ever, that it hardly lays sufficient emphasis upon the
exceptional amounts spent for maintenance and
charged to expenses. It has been the practice for
I V o l . l k x x iii .
many years— ever since July 1894— to include in the
expenses certain considerable expenditures for equip
ment and for improvements and additions to the prop
erty which prior to the date named had been charged
to Improvement Account. In 1905-06 these im prove
ment expenditures charged to expenses amounted
to $2,586,630. However, as the amount had been al
most equally large in 1904-05, being then $2,562,314,
an explanation for the very heavy increase in expenses in
the late year cannot be sought in that direction. The
item, however, accounts for part of the increase as com
pared with the earlier years, for in 1903-04 the amount
of the improvement outlays included in the expenses
was only $1,746,183 and in 1902-03 it was $2,000,203.
The truth is, though, that the improvement expen
ditures afford only a partial indication of the extent
to which maintenance work has been carried on and
been paid for out of earnings. W ith practically no
increase in the so-called improvement expenditures, as
compared with the previous year, the total charge for
maintenance (we mean maintenance of equipment) and
maintenance of way and structures combined) increased
from $12,048,630 in 1905 to $14,329,560 in 1906.
If we go back two years further , we find that in 1902-03
the maintenance expenditures were only $10,664,232.
Accordingly it appears that in the three years there
has been an augmentation of nearly 40 % in these main
tenance expenditures. Examining with some further
detail the expenditures for maintenance of equipment
we find that the direct charges for repairs of locom o
tives were $2,863,710 in 1905-06, against only $1,814.745 in 1904-05. These repairs averaged 9.102 cents
per mile run, against only 6.747 cents in 1904-05. The
direct charges for repairs of passenger cars w ere$536,613, against $368,212 , and the direct charges for repairs
of freight cars $2,068,629, against $1,861,264- A lto
gether, including the charges through the im prove
ment account, the expenditures to maintain the loco
motives, passenger and freight car equipment in 190506 were $7,457,578, against only $6,056,951 in 1904-05.
Reference to the inventories of the equipment also
shows what is constantly going on from year to year
in the way of making the expenses bear the cost of
a considerable part of the addition to equipment. In
1905-06 the company bought and built 4,289 freight
cars, as against 1,144 cars destroyed or sold, making
a net addition of 3,145 to the number of freight cars
in the service of the com pany. Only 1,250 of these
additional cars were charged to capital account, all
the rest being charged either directly to expenses or
to one of the reserve accounts. Similarly, with 26
passenger cars bought and built, against 6 destroyed
or sold, giving a net addition of 20, the charge to capital
account was for only 4 passenger cars, and with a net
addition of 20 locom otives, the cost of 16 was charged
to capital account.
W ith the fact established that the late year’s ex
penditures included not only very large improvement
outlays, but also exceptional maintenance and repair
expenditures, the com pany’s income statement for
the twelve months is given a very favorable aspect.
It appeals that over and above all expenses and inter
est and rental payments for the twelve months, and
also above the 6% dividends which are being paid on
Louisville & Nashville stock, a surplus remained in
amount of $2,748,374. This surplus is equal to over
4)/2% on the $60,000,000 stock of the company. In
O c t . 0 1906. >
THE CHRONICLE
other words, while 6% was paid on the shares. 10% %
was earned— and this, too, after the extremely heavy
outlays referred to for maintenance, renewals, addi
tions and improvements.
An important event of the year was the opening of
the company’s through line between Cincinnati and
Atlanta.
Formerly the Knoxville division carried
the Louisville A Nashville down from Cincinnati only
to the Tennessee State line at Jellico. The acquisition
of the Knoxville La Follette & Jellico Railroad fur
nished a connecting link with the Atlanta Knoxville &
Northern Railway at Knoxville. Thence the latter
road runs to Marietta, Georgia, but for its through line
the Louisville A Nashville uses the Atlanta Knoxville
A Northern only from Knoxville to Etowah, from
which point it has built an entirely new piece of road
extending from Etowah to Cartersville, G a ., whence
the Western A Atlantic carries the road to Atlanta.
In this way a new, low-grade line connecting Cincin
nati and Atlanta is established, from which the Louis
ville A Nashville cannot fail to derive important bene
fits. since previously the only line between Cincinnati
and Atlanta has been the Cincinnati Southern, which,
as is known, is under the control of another system.
The balance sheet makes it evident that the com
pany on June 30 1906 was abundantly supplied with
available cash, whereas at the close of the previous
fiscal year the holdings of cash had run very low. In
brief, the total of current assets June 30 1906 was
$12,712,706, and of this no less than $8,245,551 con
sisted of cash on hand or on deposit. The current
liabilities at the same date, including the dividends
payable in August, were only $9,546,430. The re
port tells us that the company now has under construc
tion, or has completed during the year, additions and
improvements authorized by the board of directors ag
gregating almost 20 million dollars, in exact figures,
the amount is $19,959,474, and is distributed as fol
lows: for grade reductions and double track, $7,592,738; for new railroads, extensions and branches, $6,624,773; for new equipment undelivered June 30 1906,
$2,472,733; for new terminal facilities, $3,269,229.
To reimburse the treasury for these construction ex
penditures and to provide funds for their completion
the company sold during the fiscal year $10,000,000 of
its Atlanta Knoxville A Cincinnati Division 4% gold
bonds, which yielded $9,750,000 net to it, and also
sold $4,500,000 of its Unified 4 % gold bonds, the pro
ceeds of which netted $4,585,100. These transac
tions show how cash was reinforced and they also ex
plain the increase in the outstanding amount of the
bonded debt of the company from $114,440,500 on
June 30 1905 to S129,262,500 on June 30 1906. 11 only
remains to be said that in addition to its large total of
current assets, the company at the close of the fiscal
year still held $13,890,000 of its own bond issues unsold
in the treasury, this including $9,155,000 of Atlanta
Knoxville A Cincinnati Division 4% bonds and $3,647,000 of Unified 50-year 4% bonds.
SEATTLE AGAINST MUNICIPAL OWNERSHIP.
That the voters of the city of Seattle should condemn
the project to build a street railway system to be owned
and operated by the municipality is significant of
some things which the politicians who have been so
ready to believe that there is a popular predilection
787
for public ownership, which can be turned to account
as an easy means to political preferment, have quite
;
evidently overlooked; for Seattle, which has just
rejected by a vote of 7,130 to 5,725, after a hotly
contested campaign, a proposal to issue bonds to
establish a politically owned street railway system,
had repeatedly in the past gone on record in favor of
municipal ownership, and only last spring elected the
candidate of the Municipal Ownership Party to the
Mayoralty over his Republican rival, although the
city is commonly regarded as overwhelmingly R e
publican .
The contrast between the present vote, which
shows a percentage of the total vote cast of 55.46
against municipal ownership, with that of 1902, when
a similar project to issue bonds for a municipal elec
;
tric lighting plant was carried by a vote of 8,228, or
84.31 per cent, in a total vote of 9,759, suggests a
remarkable reversal of public sentiment. A study of
the campaign just closed indicates very strongly that
while a part of the decline of the municipal ownership
vote, from 84 out of every 100 votes cast to 45, must
be attributed to the experience which the city has had
in its efforts to conduct the municipal enterprises al
ready entrusted to its officers, the difference is much
more largely attributable to the fact that, in the last
contest, the conservative element of the community
was for the first time convinced of the necessity of
active opposition to the socialistic schemes of the more
reckless, and this opposition was organized and intelli
gently directed.
The election of September 12, which resulted as
already noted, was held in accordance with an ordi
nance of the City Council, adopted August7 1906, and
was on the question whether the people would approve
a bond issue of $4,272,036 (of which but $1,272,036
was to be immediately issued) for the construction of
78.17 miles of street railway (of which 20.17 miles
were to be built at once) as the beginning of a system
of municipally owned and operated rapid transit
that, with future elevated and subway lines, would
cost (as was estimated by the city engineers) in the
aggregate no less than $7,579,940.
The municipal ownership sentiment of Seattle has
long been well organized under effective leadership,
and the Municipal Ownership Party, which was or
ganized the present year and won an early victory by
the election of Mayor Moore, is the result of a com
bination of the local Municipal Ownership League
with the forces of organized labor. Among the promi
nent leaders of this “ party” are the present Mayor,
who is described as a lawyer of wealth and standing;
former Mayor W . D. W ood, also a lawyer of excellent
reputation; City Engineer W . H. Thompson, an adroit,
patient and determined leader of men, and Mr. George
P. Cotterill, a civil engineer wr
hose influence in the
circles of organized labor is extensive. Beyond this the
campaign for political ownership is known to have had
the moral support of H on .T om L . Johnson, the Mayor
of Cleveland, and, if the information of the “ Seattle
Times” is accurate, both Mayor Johnson and Hon.
William Randolph Hearst contributed liberally to the
expenses of the campaign. At any rate, the purchase
of large quantities of advertising space in the Seattle
daily papers for the circulation of the arguments of
the Municipal Ownership Party is evidence that its
efforts were not restricted bv lack of funds.
788
THE CHRONICLE.
The first public step in opposition to the municipal
ownership program was the organization of the Seattle
Economic League, with Hon. J. M. Frink, a former
Mayor of Seattle, as its President, and Hon. James H.
McGraw, recently Governor of the State of Washing
ton, as the chairman of its executive committee.
This league speedily acquired a membership consisting
of 1,500 conservative citizens of Seattle, and at once
bdgan its efforts to present the case fully and fairly
to the voters. Although these efforts were largely
expressed in circulars and pamphlets of practical
character and direct and concrete application to local
conditions, a corps of competent speakers was enlisted
and their services were placed at the disposal of im
provement clubs and other organizations or groups
which desired information upon the question at issue.
Attention was directed in circulars and pamphlets
to the growth of Seattle’s debt, the many legitimate
demands upon municipal energy and credit, and the
necessity of carefully selecting the purposes for which
both should be expended.
Of the four Seattle daily newspapers, the “ PostIntelligencer,” the “ Times” and the “ News” took the
conservative side, while the columns of the two last
named were opened with especial generosity to those
who were seeking to protect the city against a costly
and disastrous experiment. They cordially and prop
erly treated the matter compiled and promulgated by
the Economic League as news, and gave it the promi
nence to which its genuine news value at such a crisis
in the progress of the city entitled it. While the policy
of the “ Post-Intelligencer” was less liberal, that paper
gave explicit editorial expression to its reasons for
opposing the bond issue, and its report of the final
mass meeting held by the opponents of municipal
ownership, under the League’s auspices, was detailed
and complete, most of the principal addresses being
reported in full.
In addition to the space freely accorded in this way,
the Seattle Economic League published, for fourteen
consecutive days, a series of “ Daily Talks to Voters,”
which appeared in the advertising columns of the daily
papers. In these “ talks” an effort was made to put
the arguments in concise and simple form and to give
each day a simple, distinct and convincing reason for
voting against the bond issue. Such evidence as is
available indicates that this means of reaching the
voters was especially effective. It is worthy of par
ticular note, in this connection, that the space pur
chased for these “ talks” was much less than that
bought for the rival arguments b y the Municipal Own
ership Party, a fact which carried with it the daily
refutation of any suspicion that they might be an in
direct means of inducing editorial opposition to mu
nicipal ownership.
Naturally the Economic League included in its roll
of members most of the more prominent business men
of Seattle. The interest aroused by the League,
through its effective campaign of education, led many
of these influential citizens to give interviews express
ing their reasons for opposing the bond issue, and
caused the newspapers to present these interviews to
their readers, and with good effect.
This, in brief, is the story of the short, sharp and in
telligent campaign by which the forces of conserva
tism overcame those who proposed merely to carry on,
along a natural line of development, a municipal own
[V O L . LXXXI1T.
ership program whihc had already gone far in Seattle
and that seemed, at the outset, to have the support of
a majority of the voters. In Seattle, as elsewhere,
this socialistic program had been supported not only
by those whose support was based upon earnest con
viction, but also of many politicians, who considered
it as an easy route to popularity, while it had been
free from some opposition which might have existed
if other politicians had not regarded it as so popular
that opposition would be dangerous. To both of the
latter classes the result is equivalent to notice that
intelligent opposition will usually awaken a latent
opposition to this particular form of radicalism wdiich
will overcome the apparent popular predilection in
its favor that characterizes the sentiment of many com
munities. To the clean corporation which controls
the so-called “ public utilities” of any sort and to those
conservative citizens who are fearful of socialistic ex1
periments, it is evidence that there is no need' for
hopelessness in the face of the movement toward po
litical ownership and no excuse for surrender without
an appeal to the judgment of the people.
ATCHISON TOPEKA & SANTA FE’S
PROSPERITY.
With each succeeding year the progress and pros
perity of the Atchison Topeka & Santa Fe Railway Co.
become more noteworthy.
As has been many times
remarked by us, American railroad history furnishes
numerous examples of large railroad systems that have
been raised within the last decade from a plane of
bankruptcy to a level of unalloyed prosperity,' but
among all these there is not one whose record of ad
vance and development is more marvellous than that
of the Atchison. In the late year alone its gross earn
ings were increased by $9,668,510 and its net earnings
by $6,688,375, and this large gain was established with
very little addition to the length of road operated,
the average mileage in the system having increased
only from 8,305 miles to 8,434 miles.
But the showing here is merely for a single year.
The antecedent expansion was no less striking. It is
true that in the year immediately preceding, because of
very unfavorable conditions— a large shrinkage in cer
tain items of traffic on the one hand and a great in
crease on the other hand in operating cost, through
floods and overflow's of extraordinary character— the
improvement in gross earnings was only trifling, while
the net earnings recorded a considerable decline; but
this was practically the only exception to a series of
very large gains extending back to the time of the re
organization of the property. The present is the
eleventh annual report of the new company, but the
first full year of its operations was that which ended
on June 30 1897. In that period of twelve months,
gross earnings were no more than $30,621,230. For
the late year the total of the gross, based on the mile
age in the Atchison system, was $78,044,347, and if
the earnings of the so-called auxiliary lines be added
it was $81,344,859.
The best way, though, of showing the wonderful
transformation and the wonderful expansion that'has.
occurred is to contrast the amount remaining for the
stockholders on the operations of the initial year with
that remaining in the year just past. For the twelvemonths wdiich ended June 30 1897 there was no net
O c t . 6 1906. J
THE CHRONICLE.
income left after deducting taxes, rentals and fixed
charges, while for the year which ended June 30 1906
the net income (including undivided net income of
the auxiliary lines), after deducting all charges,
amounted to no less than $1S,259,77S. In other
words, there was absolutely nothing left for the stock
in the earlier year— the company was only just able
to make both ends meet— but in the latest year there
was a surplus of over 18H million dollars. Let it be
clearly understood that this is the surplus after charges,
not before charges, and the reader will become duly im
pressed with the magnitude and extent of the change
which has occurred.
The board of directors of the company this week
decided to increase the dividend on the comm on stock
only 1% per annum, raising it from a basis of 4 % to
5 % . instead of the 2 % increase that some had been
looking for. But it is obvious that the action was
prompted solely by considerations of conservatism and
prudence. For after allowing for the 5 % dividend on
the preferred stock there is left a remainder equal to
12.31% on the $102,000,000 of comm on stock out
standing. Stated in another way, even on the basis
of 6 % dividends the company would be distributing
only one-half of the earnings shown for the stock. It
is worth noting, too, that, according to the report, the
net income applicable to dividends on the common
stock for the five years last past (including one year of
extraordinary floods, which affected net earnings, it
is stated, to the extent of at least 3 % on the common
stock) has averaged about 9 % .
But. as is pointed out by President R ipley, the whole
amount of the net earnings shown b y the accounts is
not properly available for the payment of dividends
on the com pany’s stock. He says, with much force,
that prudent management requires that part of the
surplus income during years of great prosperity should
be reserved for the purpose of improving the company’s
property and increasing the stability of the invest
ment of its shareholders. He is also correct in the
statement that every large railroad system in the
United States is obliged to expend annually consid
erable sums for improvements and additions that are
not chargeable to ordinary operations and maintenance
expenses, but nevertheless ought not to be charged to
capital account. He instances as expenses of this
class expenditures for elevating tracks in cities, for
additional safety appliances, for better stations and
cars, and generally for furnishing better service to the
public without increasing charges. While it is true
that expenditures o f this class are not ordinary main
tenance expenditures, yet they should be charged to
expenses and not to capital account, except to the ex
tent that they clearly add to the net income of the com
pany by increasing earnings or by reducing operating
expenses.
The difference between the requirement for 5 % per
annum and the requirement for 6 % amounts to $1,020,000 a year. As we are dealing with a surplus of
3ueh magnitude (on the operations of the twelve
months) as that just cited, the propriety or the wis
dom of a 6 % or a 5% rate is not easily settled. O bvi
ously. even a 6% payment might justly be considered
as indication of caution and prudence. Hence, all
that can be asserted with confidence is that the direc
tors in their judgment and discretion must be consid
ered as having acted for the best interests of the prop
789
erty , and that the dividends to be paid have been fully
earned, with a large margin to the good.
What disposition is made of the year’s surplus? Not
counting the $526,569 undivided 'surplus income of
the auxiliary companies, this surplus on the opera
tions of the twelve months amounted, to $17,733,209.
The 5 % dividends on the preferred stock took $5,708,690 and the 4 % dividends on the common stock called
for $4,078,220— over and above both of which amounts,
therefore, a balance of $7,946,299 remained. Of this
the large sum of $4,500,000 was written off .for im
provements and $218,984 was appropriated for the
fuel reserve fund. Even then, it will be seen, there re
mained $3,227,314. This last was carried to the credit
of profit and loss.
The fact should not be overlooked that these are
the results after very heavy charges to expenditures
for maintenance. For maintenance of equipment the
expenditures were not quite so heavy as in* the year
preceding, being $10,720,040, against $10,914,864,
but were nevertheless exceedingly liberal and in ex
cess of the usual allowances by railroads generally,
averaging $3,101 per locom otive, $888 per passenger
car, including mail, baggage and express, and $103 per
freight car. The expenditures upon maintenance of
way and structures increased from $11,385,418 in
1904-05 to $12,475,407 in 1905-06, and were by far the
heaviest in the com pany’s hitsory and averaged per
mile very much larger even than in the year’s imme
diately preceding— which is saying a great deal. In
fact, the company spent for maintenance of way al
most $1,500 per mile— in exact figures $1,479— on the
whole 8,434 miles of road operated for the twelve
months.
It is needless to say that the wonderful expansion
recorded in the traffic and revenues of the system has*,
been attained in part as the result of an increase in
the mileage of the system, the average operated mile
age (including auxiliary lines) in 1905-06 having been
9,527 miles, as against 6,444 miles in 1896-97. It is
also obvious that there must have been a large increase
in the capital obligations of the company as repre
sented by outstanding stock and bond issues. As a
matter of fact, these outstanding capital obligations
in the nine years increased from $390,396,280 to $491 ,684,330. President Ripley tells the shareholders that
it will be necessary to continue the same policy of ex
pansion in the future. The country served by the
Atchison system, he says, is growing so rapidly that
a large amount of additional equipment and of other
facilities for the transaction of business must be pro
vided. Moreover, the settlement of new territory will
require the construction of additional lines th a t, natur
ally and properly, should be constructed by the com
pany as feeders of its system. While the policy o f
expending part of the surplus income upon the prop
erty should be continued, the cost of extending and
enlarging the system, he points out, cannot be paid
out of earnings. It will therefore be necessary from
time to time to obtain additional capital.
Home idea of the requirements in this respect will
be obtained when we say that, during the fiscal year
under review, the expenditures chargeable to capital
account for the construction and acquisition of addi
tional railways, equipment and other properties, and
for improvements, amounted in the aggregate, accord
ing to the report, to $26,828,582. No doubt it was
790
THE CHRONICLE.
considerations like these that influenced the directors
in pursuing a moderate course in increasing the rate
of dividend on the com m on stock.
Financially, the com pany is in easy circumstances
at this time. It paid off during the year $3,419,000 of
its serial debentures, but received subscriptions from
the shareholders for $10,295,000 of its second issue
of convertible bonds. Of this latter am ount, $9,068,750 had been paid up at the close of the year, making
the outstanding total of the funded debt on June 30
1906 $272,933,250, as against $265,986,500 on June 30
1905. This last, however, it is proper to say, included
the whole of the $32,420,000 of the first issue of con
vertible bonds, payment for a large portion of which
was not made until Sept. 30 1905. These new issues,
with the large surplus earnings from operations, have
supplied the com pany with an abundance of cash.
Disregarding all other current assets, the total alone of
cash on Hand and in bank June 30 1906 amounted to
$17,321,750. There also remain unissued general
mortgage bonds amounting to over $5,600,000, all of
which the report says are now available. It should
not be forgotten, either, that the present m onth
(O ct. 12) the sum still due on the $16,295,000 of the
second series of convertible bonds issued during the
year, amounting to $7,226,250, will be received.
J A P A N E S E C O T T O N -M A N U F A C T U R IN G
I N D U S T R Y I N 1905-06.
W e have at hand this week official evidence of con
tinued progress in the cotton-m anufacturing industry
of Japan. It had been our expectation to receive the
data in time to be included in our Annual Cotton Crop
R eport, but it reached us nearly a week too late.
Consequently, as in former years, we were forced to
estimate the number of spindles and consumption for
1905-06. It is a gratification, however, that the offi
cial returns, as furnished to us by the Secretary of the
Japan Cotton Spinners’ Association, practically con
firm the estimates we made.
The first fact disclosed b y the returns to which our
attention is drawn is the considerable increase in con
sumption of cotton the past two seasons as compared
with the very moderate addition to spinning capacity.
In 1904-05, with an increase in machinery of less than
3 % , there was a gain in amount of cotton used of nearly
9 % ; and in 1905-06, although spindles were augmented
only 4)/2% , the volume of consumption rose 1 5 ^ % .
It will also be noted that cotton of American growth
has largely supplied the increasing consumptive re
quirements of the country, the amount used having
risen from 38,024,850 lbs. in 1903-04 to 76,853,025 lbs.
in 1904-05 and 117,370,750 lbs. in 1905-06, the total
for the latest year having been greater than that of
the staple from China, which theretofore had ranked
next to India as a source of supply.
Consumption, stated in bales of 500 lbs. each,
reached 873,576 bales, against only 362,856 bales at
the end of the preceding decade, an advance of 14 0 % ,
or a gain greater than shown in any other country or
division of the world except the Southern section of
the United States. Furthermore, manufacturers
closed the season of 1905-06 well supplied with stocks
of raw material of various kinds, their holdings amount
ing to 322,342 bales of 400 lbs. average net weight.
Moreover, merchants were reported to hold on June 30
some 193,299 bales, making the aggregate stock of
[Y o l . L i n n i .
cotton in the country at the beginning of the season
515,641 bales of 400 lbs. average net weight each, or
an amount sufficient to fully supply five m onths’
needs.
The data in detail for the last three years and for
1895-96, supplied by the Secretary of the Japan Spin
ners’ Association, is as follows:
Y e a r s en d in g J u n e 3 0 —
1 9 0 5 -0 6 .
1 9 0 3 -0 4 .
1 9 0 4 -0 5 .
1 8 9 5 -9 6 .
49
51
E s t a b lis h m e n t s .
N o.
49
1 ,3 8 7 ,8 4 0
1 ,3 4 9 ,0 7 4
1 ,4 5 0 .9 4 9
S p in d le s
L o o m s ___ .
4 .8 9 1
6 ,4 4 3
9 ,1 3 0
11 ,541
1 2 ,2 0 1
H an d s e m p lo y e d , m a le "
1 5 ,4 9 7
5 7 .2 8 2
4 9 ,9 9 9
6 9 .1 3 0
"
,
"
fe m a le "
C o n su m p tio n —
A m e r i c a n _________ lb s . 1 1 7 ,3 7 0 ,7 5 0
3 8 ,0 2 4 ,8 5 0
7 6 ,8 5 3 ,0 2 5
In d ia n
2 0 7 .3 6 0 ,9 8 3 1 7 4 ,9 6 7 ,3 1 5 2 1 2 ,0 8 3 ,5 3 3
7 ,2 8 3 ,9 3 4
7 .0 9 7 ,0 9 4
4 , 2 4 8 ,4 8 3
E g y p t ia n
____
1 7 2 .3 8 3
2 2 8 ,3 4 1
Japan ese.
2 01 .7 4 2
81 ,0 6 3 ,2 0 0
C h in e se . . .
9 7 ,4 9 3 ,1 9 0 1 0 9 ,5 3 2 ,2 6 6
O th e r
___ _
8 ,9 2 0 ,6 7 4
7 .0 1 1 ,5 6 6
1 0 ,7 0 4 ,4 4 3
a
5 8 0 ,9 4 5
a
a
a
_____
T o t a l ___________
4 3 6 ,7 8 8 ,1 6 5 3 7 7 ,5 4 2 ,7 5 7 3 4 6 ,3 5 2 ,8 5 0 1 8 1 ,4 2 7 ,8 8 3
3 6 2 ,8 5 6
8 7 3 ,5 7 6
7 5 5 ,0 8 5
6 9 2 ,7 0 6
E q u a lin g 5 0 0 - l b .n e t b a le s
Y a r n produced
lb s . 3 7 7 ,5 6 1 .7 0 0 3 3 6 ,5 6 5 ,3 6 7 2 9 7 ,9 4 6 ,4 8 5 1 5 3 ,4 2 5 ,7 8 3
a
7 7 ,8 8 2 ,5 3 5
P ie ce g o o d s p r o d u c e d y d s 1 3 3 .7 3 0 .8 8 7
9 2 , 4 5 0 ,7 5 2
S t o c k o f r a w c o t t o n h eld
a t m i l l s - - 4 0 0 - l b . b a le s
3 2 2 ,3 4 2
1 9 3 ,2 9 9
B y m e r c h a n ts u n s o ld "
T
-------
--- -
T o ta l-
a N ot
5 1 5 ,6 4 1
4 3 8 ,0 0 7
a
a
a v l la b le .
W hat better evidence of progress could be desired
than the foregoing supplies? Twenty years ago cotton
manufacturing had practically no foothold in Japan.
Now that country has risen to a prominent position in
this important industry, ranking next to India. This
is a good illustration of the energy, persistency and
intelligence of the Japanese. W hat they have ac
complished in cotton-m anufacturing merely serves as
j an indication of what they have done and are doing
j in other directions. M oreover, the industry we are
j now reviewing is as yet in its infancy. W ith a large
: home population to serve, probably rapid developm ent
from year to year is a safe prediction, without taking
into consideration at all the great possibilities China
presents as a market for Japanese cotton goods.
J
ITEMS ABOUT BANKS, BANKERS & TRUST CO.’S.
— The sales of bank stocks at the Stock Exchange this
I week aggregate 71 shares and include 55 shares of stock of
j the National City Bank at 275, as compared with 270 last
week. At the auction sale no bank stocks and only 2 shares
of trust company stock were sold. 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
companies in all important cities of the United States are
published 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
798 and 799.
S h a res.
B A N K S — N ew Y o r k .
Low .
H ig h . C lo se.
L a s t p r ev io u s sa le.
,r55 C it y B a n k , N a t i o n a l
275
275
275
S e p t.
1906—
270
. 16 C o m m e r c e , N a t . B a n k o f —
t
1 87
1 88
188
S e p t.
1906—
186
282
Aug
1906—
298
T R U S T C O M P A N Y — N ew
2 | L a w y e r s ' T it le I n s .& T r . C o _
Y ork . .
282
282
:r. S o ld a t th e S t o c k E x c h a n g e .
— A New York Stock Exchange membership was re
ported transferred this week for $92,000. The last previous
sale was at $95,000.
— At the annual meeting of the New York Clearing House
Association on Tuesday, Alexander Gilbert, President of
the Market & Fulton National Bank, was elected President
of the Association to succeed Dumont Clarke. Albert H.
Wiggin, Vice-President of the Chase National Bank, has
been elected Secretary of the Association, succeeding Walter
E. Frew, and James Stillman, President of the National
City Bank, replaces William H. Porter as Chairman of the
Clearing House Committee.
O ct. 6 1906. |
THE CHRONICLE.
— The matter of admitting trust companies as members
of the Philadelphia Clearing House Association was dis
cussed at considerable length at the quarterly meeting of
that body on Monday, resulting in the Clearing House Com
mittee recommending such admission. None of the appli
cations for membership which have lately been presented
were acted upon, as the by-laws will first have to In' amended
so as to permit of trust companies becoming members. The
provisions governing admittance require the keeping of a
cash reserve of 15%. of which each company must hold 5%
in its own vaults and the other 1 0 % in the shape of balances
in national banks, besides a deposit of securities with the
Clearing House and the right of the latter to examine the
companies at will. The cash reserve, it is stated, need not
in any case exceed 8 S0 0 .0 0 0 .
— The Pennsylvania Bankers’ Association, at its annual
meeting last week, adopted the following resolution express
ing approval of the efforts of the American Bankers’ Associa
tion to secure the adoption of uniform order bills of lading:
Rtsolrcd. T h at tills A ssocia tion , realizing the great necessity for the
correction o f the m any weaknesses in order bills o f lad ing, upon which
banks are now so generously m aking ad vances, is In hearty sym path y
with the w ork w h ich the A m erican Bankers’ A ssociation is endeavoring to
bring about for tlie correction o f these con d ition s, an d we urge upon that
association the continuation o f its efforts to bring a b ou t such desirable
results.
Grier Ilersh, Vice-President of the York (Pa.) National
Bank, will represent the Pennsylvania Association at the
conference of the Currency Committee of the American
Bankers’ Association to be held at St. Louis the present
month.
— The program to be presented by the Trust Company
Section of the American Bankers’ Association at its annual
convention in St.. Louis on the 16th inst. will be as follows:
Meeting to be called to order b y the President o f the S ection at 10 a. m.
Prayer by R e v . Dr. Sam uel J. N lccolls.
Address o f W elcom e b y Festus J. W a d e , President o f the M ercantile
Trust Co. o f St. L ouis, M o.
R ep ly to Address of W elcom e and A nnual Address o f the P resident, by
Clark W illiam s.
R ep ort o f S ecretary Jam es R . B ranch.
R ep ort o f E x ecu tiv e C om m ittee b y Philip S. B a b co ck . Chairman.
R ep ort o f C om m ittee on P rotectiv e L aw s, b y L y n n H . Dinkens, Chair
m an.
R eport o f C om m ittee on B etter P rotection for M unicipal Securities, b y
H . P. M cIn tosh, Chairm an.
Address b y the H on . Pierre J a y , B ank Com m issioner for the State o f
M assachusetts.
R oll-ca ll o f V ice-P residents.
Aside from the one address to be delivered by Pierre Jay,
there will be no papers read before this Section. The time
at disposal will be devoted mainly to discussions of selected
topics. We understand that assurances have been received
from numerous trust company officials that they intend to
participate in the discussions. The topics announced are:
1. Should Trust Com panies d o a G uaranty or S urety Business?
II. M ethods o f Securing Business.
I II. A dvantages to a Trust C om pan y o f Frequent E xam inations and P u blic
R ep orts.
IV . Safeguards against Irregularities in the Trust C om pan y.
V . H ow to M aintain the Interest o f M em bers o f the B oard o f D irectors.
V I.
Cash R eserve fo r Trust Com panies.
V I I . T he B anking D epartm ent o f T rust C om panies, its S cope and L im i
tations.
The meeting will be held at the Olympic Theatre.
—The increase in the capital of the Lincoln Trust Company
of this city from $500,000 to 81,000,000, which went into
effect October 1 , provides the company’s clients with an
additional safeguard, inasmuch as under the laws of the
State of New York the entire capital of trust companies must
be invested in United States bonds, bonds of the State of
New 5ork, certain municipal bonds or first mortgages on a
valuation not to exceed 60% . The company now has a cap
ital of 81,000.000 and surplus and undivided profits in excess
of 81,000,000, thus offering, besides added protection to de
posits, increased banking facilities. The institution began
business in 1902, and in its last report to the Banking De
partment showed deposits of over 821,000,000.
— Edward B. Wesley, a trustee of the Union Trust Com
pany of this city, and the last survivor of the incorporators
of the institution in 1864, died on Wednesday at the age of
ninety-five years. At the time of his ninetieth birthday, in
January 1901, the executive committee of the board of
trustees adopted congratulatory resolutions in recognition
of the event, and presented him with a gold-headed cane.
Mr. Wesley, who was known as the Dean of Wall Street
speculators, was one of the founders of the “ New York
Times.”
— Adolph Rado was this week elected an Assistant Cashier
of the National Bank of North America. Mr. Rado was
formerly with Kountze Bros, for seven years and with the
old Bank of the State of New York (since merged with the
Bank of North America) for eleven years.
791
Victor Koechl of this city, formerly of Victor Koechl
& Co., was elected a director of the Mutual Alliance Trust
Company of New York on the 27th ult.
—Thomas W. Crooks, President of the Essex County
National Bank of Newark, N. J., died on Sunday, the 30th
ult. Mr. Crooks was fifty-five years of age. He entered
the service of the bank at the age of twenty, and became its
President in 1892. His son, John W. Crooks, is Secre
tary of the Federal Trust Company of Newark.
— Charles Francis Park, Cashier of the Citizens’ National
Bank of Englewood, N. J., died on September 28. He was
fifty-seven years of age.
— The stockholders of the First National Bank of Chelsea,
Mass., have been notified of an assessment of 1 0 0 % , levied
upon their holdings. The bank closed its doors on Aug. 16.
The time for the payment of the assessment expires on Octo
ber 25.
— Theodore Kitchen, who was stricken with paralysis at
a meeting of the Philadelphia Clearing-House Association
on Monday, at which he was elected President of the Asso
ciation to succeed the late John H. Michener, died on
Wednesday. Mr. Kitchen was well known as the President
of the Central National Bank of Philadelphia. He was a
member of the Pennsylvania Commandery of the Military
Order of the Loyal Legion and a member of the Union League,
Merion Cricket and Country clubs. During the Civil War
he served as Acting Paymaster of the Navy in 1861, and
Acting Assistant Paymaster in 1863.
— The Hazleton National Bank of Hazleton, Pa., on Sept. 1
increased its capital from $ 1 0 0 ,0 0 0 to $2 0 0 ,0 0 0 , offering
the stock to the shareholders pro rata at par. The institu
tion has a surplus of $400,000. I. P. Pardee is President
and A. M. Eby Cashier.
— The Mountain City Trust Company of Altoona, Pa.,
incorporated in October 1905 with $250,000 capital, began
business on Sept. 12th. The company’s officers are H.
L. Nicholson, President; Oliver Rothert and L. Z. Replogle,
Vice-Presidents, and E. J. Lomnitz, Secretary and Treasurer.
— The State Banking & Trust Company of Cleveland re
moved on Monday to its former banking rooms, at 166 Euclid
Avenue, which have undergone extensive alterations during
the past six months. It is stated that all the details of the
consolidation (mentioned in the “ Chronicle” of August 4) of
the Market National and the State Banking & Trust have
been agreed to, and the merger will shortly be consummated.
Under the consolidation the State Banking & Trust will
have a capital of $500,000, and its officers will be H. W.
Kitchen, President; S. K. Barstow and A. S. Upson, VicePresidents; John Jaster, Vice-President and Secretary;
W. K. Rose, Treasurer; Joseph H. Kitchen, Assistant
Secretary and Treasurer, and J. P. Kraus, Cashier of the
Market Branch.
— The Cleveland Trust Company, of Cleveland, Ohio, has
decided to add to its functions a bond department, which
will have the handling of the purchase and sale of invest
ment bonds. Frank B. W olcott, heretofore Manager of
the bond department of Lamprecht Bros. & Co., will have
charge of the new department.
— William O. Lemmon, heretofore Cashier of the Third
National Bank of Cincinnati, has been elected Vice-President
•of the institution to succeed Dudley V. Sut.phin, who re
signed in August to resume the practice of law. Charles E.
Perin has become Cashier of the bank, while Lewis E. Van
Ausdol succeeds to the Assistant Cashiership.
— Herbert L. Winans has been chosen Cashier of the new
American National Bank of Cincinnati, which has been or
ganized with a capital of $500,000. The institution is to
begin business next month.
— Henry Robinson, President of the Second National
Bank of Akron, Ohio, died on the 2 1 st ult. He was born
in England sixty-three years ago.
— It is announced that the First National Bank of Zanes
ville, Ohio (capital $2 0 0 ,0 0 0 ) has secured control of the
1 nion National Bank (capital $150,000), and that it is the
purpose to consolidate the two institutions.
— At the monthly meeting of the directors of the Colonial
Trust & Savings Bank of Chicago on Tuesday, Samuel B.
792
THE CHRONICLE.
[ VOL. LXXXIII.
Thom as was elected V ice-P resident. The regular quarterly
dividend, at the rate of 2 j^ % , was declared.
o f St. P aul, M inn., has been effected. The merger was not
unlooked for, John R . M itchell, President of the Capital
— W . H . B rintnall, who has been a banker in the Chicago National Bank, having becom e President o f the St. Paul
stockyards district for tw en ty-fou r years, latterly as Presi National Bank in A ugust, follow in g the purchase o f a large
dent of the D rovers’ D eposit National Bank and the D rovers’ interest in the bank. The con solidated institution takes the
Trust & Savings B ank, has sold his stock in b oth institutions name of the Capital N ational, its capital being $500,000,
and will retire from official position Jan. 1 p rox . Though surplus $50,000 and deposits $3,500,000. Its officers, b e
60 years of age, Mr. Brintnall will n ot retire from active sides Mr. M itchell, who continues as President, are W alter
business life. E dw ard and W illiam T ilden , the form er the F . Myers and W illiam B . Geery, V ice-Presidents; H arry E.
V ice-P resident and the latter Cashier of the D rovers’ D eposit Hallenbeck, Cashier; W illard B. Clow and E dw ard H . Miller,
N ational, have taken over Mr. B rintnall’s holdings. One Assistant Cashiers.
— The Commerce Trust C om pany o f Kansas C ity, M o.,
o f the Tildens will p rob a b ly be m ade President of the bank.
Mr, W illiam Tilden is reported as saying th at the change in incorporated in A ugust, began business on T uesday in tem
ownership and the retirem ent of Mr. Brintnall from the porary quarters at 925 W alnut Street. W . S. W ood s, Presi
presidency does n ot mean any change in the tw o banks a f dent of the National Bank o f Com m erce, Kansas C ity, is at
fected. It does n ot mean a consolidation or any deviation the head o f the new concern, which has a capital of $1,000,000
H . C. Schwitzgebel is Secretary of the institution.
from present policies.
> h e Northern Trust Co. of Chicago is sending ou t an
—T
attractive souvenir to signalize its occu p a tion of its new
hom e. The b o o k deals with a description of this new and
exception ally well appointed building and in its get-up re
flects the dign ity and high standing of the in stitu tion. The
covers, of rough green paper tied with rib b on , lettered in
white and bearing a gold seal of the com p an y, lend additional
beau ty to the w o r k .
— The new Security Bank of C hicago, in corporated sev
eral weeks ago, is scheduled to open for business O et. 15 in
the quarters form erly occu p ied b y the M ilwaukee A venue
State B ank, w hich was looted b y President Stensland and
others. The paid-up capital is $300,000 and surplus $60,000.
J. B. F organ, President of the First N ational Bank o f Chi
cago, holds 250 shares of stock and will be Chairman of the
board of directors. A m on g th e other large stockholders are
Nelson Morris, E dw ard Morris, O tto Y o u n g , S. W . Allerton . H . H. Porter S r., H . H . Porter Jr., W . J. W atson,
D . M. Cum m ings, J. A . S p oor, A . A . Carpenter J r., D . R .
F organ, E . T . Jeffery, E. K . B oisot, m ost o f w h om are
identified with the First National interests. J. C. H ansen,
who has been with the First National Bank for sixteen years,
will p robably be m ade Cashier of the Security. T he lease
h old , building, fixtures, furniture and vaults of the Milwaukee
A venue State Bank have been b ou ght from R eceiver Fetzer
for $70,000. I t has been announced that the proposed bank
will n ot take over any o f the assets o f the defu n ct institu
tion , but it m ay m ake loans on som e of the claims against
the bank.
— On M onday n ext the W estern Trust & Savings B ank of
Chicago will rem ove to the southeast corner of La Salle and
Adam s streets, the quarters in “ The R o o k e ry ” recently
vacated b y the Northern Trust C om pany. This is an im
p ortan t change and clearly indicates the rapidly increasing
business of the W estern Trust and the necessity for m ore
room and greater facilities. For the present it will o ccu p y
the ground floor on ly in “ The R o o k e r y ,” bu t later will take
also the room s on the second floor w hich were used b y the
Northern Trust Co. The W estern Trust & Savings Bank
was organized July 1 1903 with Joseph E . Otis as President.
Its capital is $1,000,000. Its first statem ent showed d e
posits of $2,291,662. Sept. 7 1904 deposits were $4,223,459;
N ov. 10 1905, $5,453,776; A pril 7 1906, $6,839,474; Sept, 5
1906,17,392,337.
— George W ood lan d , form erly Vice-President of the
Prairie State Bank of Chicago, has been elected President
of the institution to succeed George Van Zandt, retired.
The latter will continue as a m em ber o f the bank's board.
Mr. W oodland, the new President, is at the head of the
Prairie National Bank.
—-The Prairie N ational Bank, Chicago, has leased for ten
years the premises at 159 La Salle Street, now occu pied b y
the W estern Trust & Savings Bank. A lthough bu t two
years old , the Prairie National has outgrow n its present
quarters. The new banking room will afford nearly double
the space now occu pied and is beautiful and convenient in
all its appointm ents. The capital of the Prairie National
Bank is $250,000; its surplus $50,000. Its deposits, accord
ing to the statem ent of Sept, 4, were nearly one m illion
dollars.
— A consolidation of the St, Paul National Bank (capital
$600,000) and the Capital National Bank (capital $250,000)
— The Prudential Savings Bank o f T op ek a, organized b y
interests in the Prudential Trust C om pany o f T op ek a , co m
m enced business this w eek w ith a paid-in capital of 825,000.
J. P. Larimer is President o f the bank; S cott H op k in s, V icePresident; W . W . B ow m an, Cashier and Secretary and George
P. Stitt Assistant Cashier.
— Articles of in corporation have been filed for the W estern
Bankers’ Trust C om pany of St. L ouis. The institution is to
have a capital of $500,000 and while it will engage in a gen
eral trust com pan y business, one of the o b jects o f its organiza
tion will b e , it is stated, to assist in the establishm ent of a
chain of banks in Missouri and surrounding States. The
incorporators include B. F. E dw ards, J. A . Lewis and John
Nickerson, all of the N ational Bank o f Com m erce in St.
Louis; J. E . Franklin, President o f the F redericktow n (M o.)
Trust Com pany, and L . S. Parker, Jefferson C ity, Mo.
— A financial institution to be know n as the C om m on
wealth Bank is to be organized in R ich m on d , V a ., as an
adju n ct of the R ea lty B ond & Trust C om pany. The bank
will have a capital o f $200,000, and will be in charge of H . L .
D enoon as President and W . L . W alters as Cashier.
— Under an am endm ent to its charter filed b y the K en tu ck y
Title Savings Bank o f L ouisville, K y ., the com p an y m ay
hereafter engage in a trust as well as a banking business.
The institution has also decided to increase its capital from
$100,000 to $200,000, of w hich $100,000 will be preferred
stock , bearing interest at 5% and redeem able at $110 on
O ct. 1 1911.
—-An application to organize the A m erican N ational Bank
of Shreveport, L a ., has been a p proved. The capital is to
be $150,000. S. W .'S m ith , P . C. W idem an , E . S. W o o d fin, Foster Carter, J. E . R eyn olds and M. A . M cCutchen
are identified with the m o v e m e n t.
— The paym ent of the third dividend t<? the depositors of
the Capitol National Bank o f Guthrie, O kla., w hich was e x
pected to have been m ade in A ugu st, was com m enced on
the 22nd u lt. The am ount is 10% , m aking the total 45% .
— The organization of the Idaho National Bank of B oise,
Id a h o, started som e m onths ago, was approved on A ug. 30
b y the Com ptroller o f the C urrency. The institution (cap i
tal $100,000) will be under the m anagem ent of G. W .
Fletcher, President; Thom as Mellen, V ice-P resident, and
T . J. Le Hane, Cashier.
— A t the first general m eeting, latety held, of the share
holders of the U nited Em pire Bank of Canada (head office
T o ro n to ), several additional directors were elected. The
board is now com posed o f Samuel Barker, M .P ., H am ilton,
Mark Bredin, E . E. A . Du Vernet, T . C. Street M acklem ,
D D ., and W m . J. Sm ith. T oron to; George A . Clare, M. P .,
Preston, and Bennett R osam on d, A lm on te, besides the fo l
low ing directors in Great Britain: T . W illes C hitty, L ondon ;
Lieut.-C ol. F. T . C. Du Vernet, L on d on , and S. Stanley
Marling, Stanley Park, Gloucestershire.
The officials
are Samuel Barker, M. P ., President; George P . R eid , Gen
eral Manager, and F. J. Gosling, In spector. The H am ilton
Branch will shortly occu p y handsom e banking room s in the
new Federal Life Building in that city'.
— The Standard Bank of Canada (head o ffice, T oron to)
will issue new capital to the am ount o f $312,500, to be
offered at $200 per share to stockholders of record Septem ber
27, in the proportion o f one share for every four h eld. The
O ct . i) 1906.]
T H E CHRONICLE.
issue is part of t h e SI .000,000 of new stock voted by t h e
stockholders in March, increasing the authorized capital
from SI ,000,000 to S2,000,000. With the 8250.000 previ
ously put out, the present issue of 8312,500 will give the
institution a paid-in capital of 81.562,500.
SALKS OF STOCKS A 1 1111 M W YORK STOCK i :\CH ANC.K
1906.
M'th. Number
#/
1
Shares.
Values.
—
I _ ___ _____
_
1905.
Par.
Number
Of
: Shares.
Values.
1
Actual.
Par.
1
Actual.
s
$
S
S
: Jan - 38.512,548 3.513.S08.70C!3 ,333.481.49* 20 792.558 1.931.154.401 1.374 .*70 687
l i b 3 l .699.800 1ADS.990.001 1.831,598,764 25 ,1.33 .088 2.323,6 7.85( 2.014.562 o is
Midi 19.407,684 1.729.84 U)00 1,591.417,29029 , 138,83* 2 7 0 S .9 5 5 .9 7 2 , 1 7 8 , 193 156
Canadian Bank Clearings.— The clearings of the Canadian
7.212.04 1.200
banks for the month of September 1906 show an increase over 1st qr 79,6*0,032 2.158,016.950 6,756.497.5527" .!70784 6,063718.225 4,567.625 661
9,542.051 .670.498 467
\:>r M.330.910
1.928.749.*70 29 .298.456;
the same month of 1905 of 1 1 .0 % , and for the nine months M:»v 24.026.049 2.0 13.050.S00 1,879,470.2.M 20 .517.560 ) .1-11,014.5,5V I 758.624 0) S
June 20.340,391 1.744.464,300 1,.r0 :,947.0> 0 12 ,576.409 1.122,492.101 999.484 627
the gain reaches 1 7 .2 % .
I o ur6S.697.359 5 .9 4 5 .5 3 2 .050.5,372.173.s40 02.392.485 5.8,83,049 VIM ". 15s.607.1 12
2d
Sep ember.
Nine Months.
Clearings at—
1906.
Canada
Montreal____
Toronto ____
Winnipeg........
O tta w a ........ Vancouver.
Quebec______
H alifa x _____
H am ilton.___
■ __ _
London _ ___
Victoria _____
Calgary . ___
Edmonton___
Zwc. or
Die.
1905.
S
1 2 0 ,0 0 0 .0 0 0 1
84.96 4.129
42,557,446
10.774,333
11,910.710
7.346.747
7.2 14.996
5,228.987
4,323.106
3.874,997
4.183.609
1900.
Inc. or
Dec.
1905.
$
$
S
%
107.763.385 -f 11.4 1.104.526.917 Co 6.36 5.5351 4-15.3
854.899.979 753,942.2951 4*13.4
85.769.777 — 0.9
28.733,399 - 48.1 327.437.255 231.143.132 4-41.7
11.117.377 — 3.1
95,614,018,
87.220,709 4-9.5
8 '
! S + 39.2
02.264.737 * 4 3 .3
89.230.549
66.454.740]
7.009.4001 -f 4.8
63.L 6.530' 4- 5.2
7.450.643; — 2 .8
67.437,7731 . 64,975.648) 4- 3.8
55,234.877
5.897.5041 -f 6.9
48.606.503! 4-13.6
4.492.133i14-16.4
43.943.147;
38.319.766| 4-14.7
36,572,519 ,4-14.9
42.019.433
4,013.448 4-7.7
3.472.553!' + T 1 .G
31.380.852]
27.348 €02 14-14.7
Not inch in i total.
19,924.809 Not incl. in total.
Not inel. in total. ! ------ -------- Not incl. in total.
Total Canada 304.527.374 j274.275.817 4-11.0 2.. 78.119,540 2,370.565.376! 4-17 2
The clearings for the week ending Sept. 29 make a very
satisfactory comparison with the same week of 1905, the in
crease in the aggregate having been 9 .S % .
Tl'ccA: ending September 29.
Clearings at—
1906.
Canada—
M on tre a l__
___
Toronto___________
W innipeg__
Ottawa _________ _
V ancouver__ _____
Quebec _ _ _ ____
Halifax _ _ ________
H am ilton___
_
_
St. John ............ .....
London ___
_
_
Victoria. ________
Calgary . . _____
E dm on ton________
Total Canada___
Inc. or
Dec.
1905.
S
21.118.961
15,735.496
4.934.303
1,736.701
1.479.241
1.466.189
1.646.034
1.091,045
1,087.414
818.629
70S,190
71.919.971
51,718.203
65,494.401
4-9.8
1903.
S
20,097,708
15.350.812
4.593.061
1.429.098
1.519,364
1,229,530
1,900.719
992.340
965,007
749.116
512.S15
49.384,570
Clearings by Telegraph.— Sales of Stocks, Bonds, & c.—
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 1905, there is an increase in the aggregate of 7 .9 % .
So far as the individual cities are concerned, New York ex
hibits a gain of 1 0 .3 % , Boston 5 .5 % , Philadelphia 0 .6 % ,
Chicago 5 .7 % and New Orleans 1 4 .9 % . Baltimore records
a loss of 7 .2 % and St. Louis 1 .5 % .
Clearings—Returns by Telegraph.
Week ending October 6.
3d qv 74,169.307 6.454.805.000 6,107,934.307 49 .491.434 4.539.822,300 4,057,696.600
9 m\s2225)46698 19012.978,250 182£C,605,699 18 7054 403 17336.619.825 15053.929.379
The following compilation covers the clearings by months
since January 1 :
MONTHLY CLEARINGS.
Clearings, Total A ll.
Month
Per
Cent.
1906.
1905.
New Y o r k ____ _ _
B oston .... .................
Philadelphia___ _____
Baltimore..........................
C h icago________
St. L o u is ..........................
New Orleans______
SI.921.927,243
150-265.950
141.175,348
24-770,654
195.658.02.5
49.409.325
<zl4,300,000
81.742,263.017
142.393,530
140.372.471
26,678.718
185.078.851
50,164,558
12,440,927
+10.3
4-5-5
+ 0.6
— 7.2
+ 5.7
— 1.5
+ 14.9
Seven cities. 5 days_________________
Other cities. 5 days............
$2,497,506,545
398.479.862
S2.299.392.072
374.698,974
$2,895,986,407
525,487.263
$2.674,091.046
495.274,800
+ 7.9
+ 6.1
$3,421,473,670
S3.169.365.846
1905.
1906.
%
1906.
1905.
1st qr_
April _
May _
June .
41,777.385.099
12,884,4 33,514
13,218.402.167
12,230,933,388
35.417.434.671 + 18.0
12.735,232,015 + 1.2
12,059.910.393 + 9.6
10,815,069,816 + 13.1
qr. 38,333.769,069 35.610,212,224
6 mos_
July .
Aug . .
Sept.-
80.111.154.168
11,639.986.823
13.131.717,908
12.497,458,868
%
S
4,113,631,330 + 23.6
3.532,344,555 + 17.2
4,187.006,472 + 1 0 .2
11.832,982,357
4,054.435,555
•
4.175,M)_; 9< )
4,079,759,697
+ 16.9
+ 7.1
+ 6 .0
+ 8 .2
+ 7 .6 13,181,283,556 12.310,058.228
+ 7.1
71.027,646,895 + 1 2 .8
10,866,702.211 + 7.1
10.902.728,326 + 20.4
10,885,727.807 + 14.8
13,837,526,708
4,341,197.947
4,425.373.088
4,414,712,521
27.018.810.264 24,143.€40,585 + 11.9
4,383,460.720 4,027.669,659 + 8 .S
4.298.516,812 3.921,963.406 + 9.6
4.1 S3,626,823 4,026,268,430 + 3 .9
3d qr. 37,269,163,599 32.655.158,344 + 14.1 12.865,604.455 11,975,901,495
+ 7.4
9 mos. 1173S0317.767 103682805,239 + 13.2 39,884,,414,719 36,118,942,0S0 + 10.4
The course of bank clearings at leading cities of the country
for the month of September and since January 1 in each of
the last four years is shown in the subjoined statement:
(0 0 0 s
omitted.)
New Y ork________
Chicago _________
Boston _ _______
Philadelphia___
St. Louis____
Pittsburgh___
San Francisco____
Cincinnati_______
Baltimore________
Kansas City______
Cleveland____ _
New Orleans .
Minneapolis______
Louisville
___
_
D etroit_____ ____
Milwaukee_______
Providence_______
O m aha__________
Buffalo
_______
St. Paul__________
Indianapolis ____
D enver__________
Richmond- ______
Memphis ________
Seattle. _________
Hartford _____ _ _
Salt Lake City___
BANK CLEARINGS AT LEADING CITIES.
--------- September----------------------------- Jan. 1 to Sept. 30
1906. 1905. 1904. 1903. 1906.
1905.
1904.
S
S
s
S
S
S
S
8,314 6.859 5,355 4.292 77.496 67,564 44.334
842
834
722
8,064
7,332
761
6,501
602
476
492
5,572
4.734
579
6.066
576
5,672
562
460
433
4,057
5,047
223
2,014
227
218
2,164
2,129
210
1.842
1.474
194
195
183
156
1.967
185
130
1,370
163
128
1.329
1 .1 1 1
101
86
972
915
97
89
885
104
1,056
915
793
105
88
89
109
101
860
790
947
105
95
61
608
570
66
509
55
63
683
65
58
52
688
666
57
601
81
82
664
543
So
63
48
410
46
485
447
44
41
49
42
41
431
381
47
483
355
296
34
38
34
308
39
250
26
24
27
25
285
268
289
322
39
36
32
367
33
30
239
26
288
253
28
26
22 1
34
291
236
23
29
27
24
234
29
265
248
27
28
248
28
21
237
165
28
23
22
173
222
189
19
16
19
172
174
10
13
15
15
168
208
158
20
348
43
25
17
122
10
103
10
14
135
13
108
12
199
142
20
16
13
1903.
S
50,632
6,506
.5,032
4,407
1.843
1,844
1.117
873
868
769
611.
549
490
400
386
284
259
292
2.3.5
222
238
173
153
133
150
104
10S
+ 8.6
+ 6.3
Total all cities. 5 days.... .....................
All cities. 1 day___________
Clearings Outside New York.
s
S
S
Jan -_ 16.321.500.279 l 1.848.355.885 +*37 • 5.083.299.601
Feb
12.462.794,035 10,650,663,817 + 17.0 4.138,370,511
Mcli _ _ 12.993,090,785 12.918.414,969 + 0 .6 4,615.856,596
2d
1904.
§
S
%
27.43S.659
25,065.041
4-9.5
21.36S.362
21.037.657
— 1 .6
10.549,364
7.4S0.264
4-40.9
2,368.734
2.415.230
— 1.9
2.730,119
4-40.7
1.940.329
4-5.0
1.761.613
1,677,898
1.514,137
1.500,000
4-0.9
4-14.1
1.442.931
1.265.089
1,278.150
1.071.610
4-19.3
1,022,326
939,981
4-8.8
775.481
764.597
4-1.4
976.643 Not included in total.
572.365 Not included in total.
6 mV 148377 391 12 15s. 173,950 12128.671.392 13 7562< 6 - 12796,797,52f (0990.232.773
Julv 16.346.221 1.448.273,600 1.310.479.816 13 ,273.655 1,214,488.751 .1,075,487,631
\tig 31.804.816.2.847,353 750|2,701.479.628 20 .205.735 1.836,932.200 1.646.410,478
Sept - 20.018,270 2.159,177.650)2,155.974,863 16 .012.044, 1,488.401,35(-| 1,335,798.497
+ 7.9
Total all cities for week_______
a Partly estimated.
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the nine months of 1906 and 1905 are given below:
Total _________ 11,904 10,300
Other cities_______
593
586
8,372
486
7.234 111,873
5,507
440
98.897
4,786
71.657
4.096
78.678
3.948
Total a l l _______ 12.497
Outside New York. 4.183
8,857
3.507
7.764 117,380 103,683
3.382 39.884 36.119
75.753
31.419
82.626
31.994
1 0 ,8 8 6
4.027
pXottJctitrylComntcrcial^txgUsIxU^urs
(From our own Correspondent.)
L o n d o n , S a t u r d a y , S e p t . 2 2 1906.
Business upon the Stock Exchange continues to be* ex
ceedingly inactive, and almost all departments are weak,
not because there is very much selling, but because dealers
are apprehensive that money may become exceedingly
Nine Months. 190C.
Nine Months, 1905.
scarce and dear, and therefore they are marking down prices.
D e s c r ip -------------------------------------------—-------------------------------- __-------------------------The strongest market just now is that for South African gold
tion.
Par Value
Actual
Aver. Par Valve
Actual
Aver.
or Quantity.
Value.
Price, or Quantity.
Actual.
Price.
shares. They have yielded somewhat in the course of the
present month, but they have fallen much less than British
S t'k ’ Sh’s.
222.546,69k
187.054.403
V al.S19612.978.250S18296.605.699 93.3$17336.619.825 S15053.929.379 8 6 .8
Government securities and British railway securities, both
R R . bds_ S472.245.300 $458,537,315 97.1 $644,508,600 $613,474,917 95.2
of which have given way materially in consequence of the
Gov't bds.
S I .515.000
SI .662,340 109.7
8424.400
>458.028 10s. 1
State bds
S56.073.050
S51.162.103 93.0 S155.458.150 $144 ,227,959 92.8
rise in the value of money. The “ bear” raid upon South
Bankstks
$397,100
• $788,621 198.6
$667,900
>1,677.050 251.1
African shares some little time ago carried prices down as
far as they could be forced. In the end there was a decided
Total $20143.208,700$18808.756.078 93 4$18137.678,875S15813.767.933 *7.2
Grain, bu.
342.542.300
283.178.830 82.7
371.082.175 $355,167,660 96c.
reaction and the “ bears” were punished. Apparently the
“ bears” are afraid to renew their tactics, for it is everywhere
Tot.val. $19024468.789$ 1 9 091934 .908
S16168.935.593
believed that the shares are now. in strong hands.
In Paris business also is very quiet, although there is so
i he volume of transactions in share properties on the New
vast an accumulation of unemployed money. The quietness
\ o r k Stock Exchange each month since Jan. 1 in 10 0 0 and is the more remarkable since the holiday season is now prac
1905 is indicated in the following:
tically at an end and the leaders of the market are returning
794
THE CHRONICLE.
to Paris. The inactivity of course is mainly due to the un
certainty of the outlook in Russia. There is hope in Paris
that no violent outbreak will occur and that any partial
rising will be suppressed. Y et it is clear that there is a good
deal of anxiety, for the French banks are not increasing
their balances in London, are refusing to finance Berlin and
are restricting very much their financing of New Y ork. In
addition to all this, the general investing public remains
perfectly quiet. The influence of the uncertainty respecting
Russia is increased by the struggle between Church and State.
N obody in France seriously believes that there will be civil
war; but that there may be unpleasant disturbances is widely
apprehended. The result is that all the banks are keeping
themselves exceedingly strong, and the Bank of France is
very unwilling to part with gold to divert the American
drain from London.
Tn Germany markets are also very quiet. The open mar
ket rate of discount in Berlin is fully
, and the tendency
is upwards. Next week it is universally believed that there
will be almost unprecedented stringency and that the in
crease of note issues of the Imperial Bank will be on an enor
mous scale. Yet there is no serious apprehension. E very
body is satisfied that the Bank will give to all persons in
good credit the accom modation they require, and that after
a very few weeks notes will begin to flow back from circu
lation and the condition of things will again becom e normal.
The inactivity of Paris and the weakness of Berlin of course
react upon this market. But Berlin has less influence,
firstly , because no serious apprehensions of a break are enter
tained, and, secondly, because it is not believed that Berlin
is in a position to take much gold from London. The inac
tivity of Paris exercises much greater influence, for if the
French banks were to increase their balances here they would
diminish the stringency, while if French investors were to
buy they would give encouragement to operators in London.
Nevertheless, although French operators and French in
vestors are so quiet, they are evidently watching markets
very closely. As soon as the stringency seems likely to
abate, there will be a strong inclination to buy consols and
South African gold shares, while there will be a very large
investment in good American railway bonds if they can be
got to yield the investor a clear 4% .
Although the directors of the Bank of England did not
raise their rate on Thursda}^, there is a fear that they may
be obliged to do so soon. The general impression now is
that the rate will have to be raised to 5 % . Whether it will
be depends upon two things; firstly, whether the American
demand for gold will continue as strong as it is at present.
The general opinion in London is that it will not, because
London banking and accepting houses are apprehensive of
the consequences of a sharp rise in the Bank rate, and there
fore are not willing to increase very largely their holdings
of either American bills or American securities. Secondly,
it will depend upon whether Mr. Shaw lets out m oney. If
he does, he will not only restore ease in New Y ork and pre
vent injury being done to trade, but he will at once restore
confidence in Europe. If he does not, there are fears that
the London m oney market m ay be disturbed as well as that
of New Y ork. The third consideration in regard to the
London m oney market is whether the Bank of France will let
out gold to prevent serious disturbance in London. Be
cause of the apprehensions in Paris respecting Russia and
the quarrel between the Church and the State, the general
feeling is that the Bank of France will not let out gold unless
there is serious danger of a grave disturbance of the London
m oney market. If, however, the Bank acts somewhat
boldly, that will divert the drain from London to Paris and
save the situation.
The India Council offered for tender on W ednesday 100
lacs of drafts, and the applications exceeded. 647 lacs, at
prices ranging from Is. 4 l-16d. to Is. 4 3-32d. per rupee.
Applicants for bills at Is. 4 l-16d. and for telegraphic trans
fers at Is. 4 3-32d. per rupee were allotted about 15% of
the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, & c .,
compared with the last four years:
1906.
Sept. 19.
1905.
Sept. 20.
1904.
Sept. 21.
1903.
Sept. 23.
1902.
Sept 24.
£
£
£
£
£
Circulation------------- 28.376.930 28,804,685 27,835,355 28,395,133 29,198,845
Public deposits___ 11.152,928 13,927,842
8,667,696
7.268,186
8,301,490
Other deposits_____ 40,887.572 41,488,034 40,536,519 38,093,540 40.373,382
Go vernm't securities 15,958,452 18.667.070 14.227.140 16,686,056 14,594,260
Other securities____ 29.630.394 30,211,905 24,205,290 22,668.965 26.302,606
Reserve ,notes&coin 24,7S4,281 24,876,709 29.004.987 24,499,852 26,328,503
Coin&bull. .both dep 34,711,211 35,231,394 33,390,342 34,444,987 37,352,348
Prop, reserve to lia
bilities--------- p. c.
47 9-16
44 13-16
58J4
53 J4
5534
Bank rate_____p. c.
4
3
3
4
3
Consols, 2)4 P- c —
8624
S9 11-16
SS 11-16
93 H
8824
S ilv e r -------------------3134d.
2824d.
26 7-16d.
27 3-16d.
23Ud
Clear.-house returns 274,112,000 255,376,000 192,173,000 157,824,000 146,803,000
The rates for m oney have been as follows:
Sipt. 21.
Bank of England rate_______
4
Open MarJcet rate—
Bank bills— 3 months____424 @434
— 4 months------434 @434
— 6 months____4 34 @ 4 34
Trade bills— 3 months___ 434 @424
— 4 months____
424
Interest allowed for deposits—
By joint-stock banks_____
234
By discount houses:
A t call________________
3
7 to 14 days____________
314
Sert 14.
4
3 15-16@4
3 15-16@4
4
4A
4A
Sept. 8.
3A
Aim. 31.
3A
S A @ 3 9-16 3 7-1 6@ 3A
3%
324 @ 3 11-16
3%
3A @ 3 A
3H@4
3A @ 4
4H
4@ 4 A
2A
2
2
2A
2%
2
2A
2
2H
(Y ol.
l x x x iii.
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
Sept. 22.
Sept. la.
Sept. 8.
Rales of
Bank
Open Bank
Open Bank
Open
Interest at—
Rale. Market. Rate. Market. Rate. Market.
P a r is ----------------------- .3
2%
3 234 @224
3
2 34
Berlin...........................
5
424
434 4%
434
H am burg....................
5
4%
4%
4%
434
8%
F ran kfort......... .......... 5
4 7-16
434
4%
434
3%
Amsterdam ............... 4)4
4A
4)4
4)4
4)4
4A
324
334
324
3y%
3M
Brussels ------------------ 3A.
Vienna ___.................
4
4
4
4
4
4
St. Petersburg_______ 6)4 nom.
6)4 nom.
6 M nom.
Madrid ............... ........ 4K> 4
4)4
4
4)4
4
Copenhagen ............... 5
4)4
5
4A
5
4A
Sept. 1 .
Bank
Open
Rate. Market
3
234
434 3 )4
434
334
4)4
3 9-16
4)4
4H
3)4
3H
4
Z%
6)4 nom.
4V2
4
5
4A
Messrs. Pixley & Abell write as follows under date of
September 20:
GOLD.— The demand for New York slackened slightly early in the week and the
price fell to 77s. lid ., but all arrivals are still taken for that quarter and to-day the
demand is stronger. The Bank has lost £338,000 in Sovereigns, chiefly for Egypt
and Turkey, and has also sold £75,000 in Eagles, as well as £201,000 in bars, to
America. Against this the only arrival is £5,000 from South Africa. The Bank
selling price for bars has now been raised to 78s. Id. We expect, next week, £420,000 from the Cape. Arrivals—Cape. £391.000: West Indies, £42,000; Australia.
£67,000; Bombay, £67,000; Straits. £2,000; total, £569,000. Shipments— Bombay,
£95.000; Calcutta, £2,500; total, £97,500.
SILVER .— There has been again a large business in silver. In spite of considera
ble profit-taking, the price only fell to 31 5-16d., and with some Eastern buying and
a good speculative demand forward, the market has recovered to 31 9-16d.. closing
with an unsettled tendency. Forward is the better market and is quoted A d - under
spot. The price in India is Rs. 7 9 % . Arrivals— New York. £214,000: West Indies.
£22,000; total, £236,000. Shipments— Bombay, £166,500; Shanghai, £150,000;
Calcutta, £2,500; total, £319,000.
MEXICAN D OLLARS.—A small business only has been done in these coin at
about A d . under the price of silver. £20,000 has arrived from America and £50.000
has been shipped to Bombay.
The quotations for bullion are reported as follows:
GOLD.
Sept. 20 Sept. 13.i
SILVER.
Sept. 20. Sept. 13.
London Standard.
s. d.
s. d. \ London Standard.
d.
d.
Bar gold, fine, oz_____77 11A
78 0% |Bar silver, fine, o z _____ 319-16
31A
! “ 2 mo. delivery, oz_31 7-10
31%
U. S. gold, oz-------------- 76 6 >2 76 7
German gold coin, oz__ 76 6 A
76 7 A i Cake silver, o z ________ 34 1-16
34
French gold coin, oz_ 76 6 A 76 7A ! Mexican dollars______ nom.
_
nom.
Japanese yen, oz_____ 76 6 A
76 7 A !
The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
Threeweeks.
Imports of wheat, cw t___________
Barley --------------------------------------Oats-------------------------------------------Peas------- M + - - --------------------------Beans _____----------Indian corn---------------------------------F l o u r --------- ------------------------------
IMPORTS.
1906-07.
1905-06.
6.857,600
6,508,000
2,139.000
1,758.600
797,300
925,800
142,810
200,146
153,670
48,610
3,745.500
3.556,700
SOS .200
745,600
1904-05.
6,296,700
1,576,300
512,700
149,350
171,160
2,241,000
610.500
1903-04.
5,902,000
2,936,600
785,400
268,886
201,558
3,690.200
1.178,100
Supplies available for consumption (exclusive of stock
on September 1):
1906-07.
Wheat imported, cw t-------------- j _ 6,S57,600
Imports of flour--------------------------803,200
Sales of home-grown-------------------- 1,941,689
1905-06.
6,508,000
745,600
2.489.635
1904-05.
6,296,700
610.500
734,692
1903-04.
5,902,000
1.178,100
833.517
Total ------------------------------------- 9.602,489
Average price of wheat, week_____ 25s. lid .
Average price, season___________ 25s. lOd.
9,743.235
26s. lid .
27s. Od.
7,641,892
29s. 7d.
29s. lid .
7,913,617
27s. 5d.
29s. 9d.
The following shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
This week.
W h e a t----------------------------------- qrs. 1,349,000
Flour, equal to----------------------- qrs.
221,000
M aize............................
qrs.
865,000
Last week.
1,599.000
206,000
1,125,000
1905-06.
1,595,000
170.000
1,190.000
1904-05.
2,640,000
155.000
1.335.000
English Financial Markets—Per Cable.
The daily closing quotations for securities. &c., at London
as reported by cable have been as follows the past week:
London,
Week ending Oct. 5.
Sat.
Mon.
Tues
Wed.
Thurs,
Silver, per oz _
-----------d. ■ 3124
31 11- 16 3124
3134
3124
Consols, new, 2A per cents. _ 86 11- 16 86 5-16 86)4
86 5-16 8624
For accoun t-. . -----------. 86 11 - 16 86 H
S6 9- 16 8634
8624
French Rentes (in Pai )._ fr-. 96.35
96-55
96.o;'34 96.15
96.25
Russian Imperial 4s------73 34
c7Z
73
73)4
T2A
b Anaconda Mining Co_____ 14 H
14 Vs
14 A
14 24
14A
Atchison Topeka < Santa Fe 109
fc
112 A
109 A
ill A
10724
105
Preferred
_ ------------ .104
105
104
10534
Baltimore & Ohio. - - . . 126
127 A
127
127 A
12724
95 A
Preferred - - __ _ ----- ■ 9 5)4
95 A
9534
9534
Canadian Pacific___________ .1SS34
188 A
188
187
18534
Chesapeake & Ohio--------- - 64 A
65
65
6524
6424
Chicago Great. Western------- . IS
183i
19
ISA
1934
Chicago Milw. < St. Paul - . . .179)4
fc
1S1
179 A
18234
18034
Denver Rio Grande, com ----- . 43 A
44
44
447s
4434
Preferred _
- ----- . SS
89 A
88
8834
8834
Erie, common. - ------- ----- - 47A
4834
47 A
4834
4734
1st preferred.
------------ 79 A
SO
80
79 A
79 A
72
2d preferred --------- ------. 71
72
72
72
Illinois C e n t r a l . ------------ 179 A
180
ISO
179
179
Louisville & Nashville--------- 151A
152
153
152
15234
22
Mexican Central __ ------------ 21A
22
23
2234
Missouri Kan. & Texas, com . 37
37 A
38
38
38
72
73
Preferred _______ — - - 72
73
7334
52 A
National RR. of M exico----- 50
51
51
5234
N. Y. Centra! & Hud. River. 145
145
146
14534
14534
50 A
N. Y. Ontario & Western _ 49 A
50
5034
49 A
101
Norfolk & Western, commoni 98 A
100 A
10034
9924
94
94
Preferred - ' _ - _ — — 95
94
95
. -wi_
_
_
221
Northern Pacific-----------------73 %
Pennsylvania--------------------- 73
7334
7334
7224
SO
a Reading Co
------- ----- 75 A
7SA
78
78 J4
46 H
a First preferred-------------- 46 H
4634
4634
4634
a Second preferred _ ----- . 51
51
51
51
5134
21A
_
_
Rock Island Co------------------3024
.97
Southern Pacific
—
9634
9S34
96K
9734
37
38
Southern R v ., common------- 37
38
37*34
101
101
101
99
P r e fe rr e d _
_
- - --------- 100
190
Union Pacific, common------- 18924
19234
19124
1913 s
97
97
97
Preferred . . . — - - - - - 95 A
9524
U. S. Steel Corp., common. _ 47
47 A
4834
4934
4834
110
11024
11134
Preferred ----------------------- 110
11034
21
Wabash __________________
2034
2034
2034
46
46
Preferred ----------------------- 45
4634
4634
S3
S3
814
8234
Debenture B 's------------------ 81A
a Price per share,
b £ sterling
c Ex-dividend.
Fri.
3124
86 A
8634
95-95
7124
1424
10724
105
12624
9534
18434
642:t
19 34
1S134
44 A
SS
47 34
7924
7134
17934
15H4
23
37 A
73
51A
145
4934
9934
95
22024
73
7824
40 H
51
3034
98 %
3734
9934
192
9524
4934
111
21
4634
83
Oct . 6 190G.,
THE CHRONICLE.
cxm
BANK NOTES— CHANGES IN TOTALS OF, AND IN
DEPOSITED BONDS, &c.— We give below tables which
show d ll the monthly changes in bank notes ancl in bonds
and legal tenders on deposit. T h e sta tem en t fo r S e p te m b e r
1905 null be f o u n d in o u r is s u e o f O e t . 14 1905. p a g e 1151.
**
Bonds and Legal-Ten
ders on Deposit for
Bank Circulation.
1905 06;
Circulation Afloat Under
29. .
31
3 1 ............
3 o ______
31.
_
_
30
___
31 _____
28.
31_
_ _.
3 1 ......
5t
3 1 ______
DIVIDENDS.
We have changed the method of making up our weekly
list of dividends. Heretofore our record has included only
the dividends announced each week, but for the convenience
of our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived. In the new
form the statement indicates all the dividends announced
for the future by all large or important corporations.
D iv id e n d s a n n o u n c e d th is w e e k a re p r in t e d i n i t a l i c s .
Bonds.
Sept.
A ug.
July
June
May
April
Mch.
F eb.
Jan.
Dee.
X ov.
O ct.
795
Legaltenders.
Bo mis.
§
530.772.270
526.944.030
520,388.610
520.605.210
519.205.530
516.387.440
514,302.990
511 .840.440
509.901 .690
506.089.990
500,269,440
494.017.790
§
46.134.1S4
45.4 13.143
44.907.040
43.204.61 1
43.093.514
42.222.763
42,445,416
41.630.329
36.864.331
36.072,034
35.712.954
34,470,443
§
527.708.924
524.439.160
510.573.399
517.847.749
510,030,140
514,423,519
512,221,551
509.17S.566
506,365.749
504.842.313
497.016.304
490.037.800
Legaltenders.
Total.
Name of Company.
s
§
46.134.184 573.903.108
45,413.143 509.852.303
44,907,646 501.181 .045
43.204.01 1 501.112.360
43,093.514 559.129.600
42.222.703 556.0 46.282
42.445.410 5 54.006.9 O
Y
41 .030.329 550.803 .895
36.804.331 54 3.230,080
30.072.034 540.914.347
35,712.954 533.329.258
34.470.443 524.508.249
Per
Cent.
When
Payable.
Books Closed.
Days Inclusive.
Railroads (Steam).
214 Dee.
1 Nov. 9
to
Dec. 2
Atchison Topeka < Santa Fc. common —
Y
2
Nov.
1 Oct. 18
to
Oct 31
Central of New Jersey (quar ) ---------------Chicago Mllw. & St. Paul. com. < pref..
fc
3 X Oct. 16 Holders of rec. Aug. 29
Cleve. Ciii. Chic. & St. Louis, pref.(quar.)
IX . Oct. 2 0 Holders of rec. Sent. 29
Cripple dreek Cent., com. (quar.) (No. 5)
to
Oct. 21
IX Oct. 2 0 Oct. 10
Oct. 20 Oct. 10
1
to
Oct. 21
Preferred (quar.) (No. 6 ) - ---------------Delaware Lackawanna Western (quar)
to
Oct. 19
2X Oct. 20 Oct. 4
2b
Oct.
to
Oct. 9
9 Sept. 12
Erie, second preferred_______ _____ ___
Nov.
Evansville < Terre Haute, common___
£
4
1 Sept. 16
to
Oct. 15
to
Oct. 15
Preferred____________ _ . ________ 2X c Oct. 15 Sept. 16
to
Nov. 1
1 Oct. 20
Great Northern (qua*.)- - ... ---------------I X Nov.
2
Oct. 15 Holders of rec Sept 28
Minn St. Paul A S S M . com. (No. 7).
Preferred (No. 7
3 X [Oct. 15 Holders of rec. Sept. 28
For full explanation of the above table see the issue of Missouri Kansas cfc).......... ................. —
2
Nov. 10 Oct. 21
to
Nov. 9
Texas, preferred___
Dec. 14 1901. page 1232, the first item in Financial Situation. N. Y . Central & Hudson River (qu ar.).. IX Oct. 15 Holders of rec. Sept. 29
Northern
13
to
Nov. 1
1 Oct
IX Nov.
The following shows the amount of each class of bonds held Reading, Pacific (quar.)______________
Nov. 10 Holders of rec. Oct. 23
second preferred____________
2
again-" national bank circulation and to secure public Southern, preferred.... ............................. 2 X Oct. 17 Sept. 23 to Oct. 17
Street Railways.
mom ys in national bank depositories on September 29:
Aurora Elgin < Chicago pref. (quar.)__
fc
to
Oct. 6
G Sept. 28
I X Oct.
Boston Subur. Elec. Cos., pref. (quar.)__
75C. Oct. 15 Holders of rec. Sept. 15
Nov.
to
Nov. 1
1 Oct. 17
V. S. Bonds Held Sept. 29 1906 to Secure— Cape Breton Electric Co.. Ltd., pref___ $3
Oct.
to
Oct. 15
Cin. Newp. Cov. LI. & Tr., pref.(quar.)
15 Sept. 30
1X
Bonds on Deposit
Dallas Elec. Corp., pref______________
to
Oct. S
8 Sept. 21
2 'A Oct.
Sept. 29 1906.
Public Deposits
Bank
Total
to
Nov. 1
Detroit United Ry. (quar.)—
----1 Oct. 17
IX Nov.
in Banks.
Circulation.
Held.
to
Oct. 20
2 0 Oct. 16
G orgiaRy. c Elec. (Atlanta),pref.(quar.).
ft.
IX Oct.
Oct. 15 Sept. 30
1
to
Oct. 15
2 per cents, Panam a Canal .
SI 7.091 000
§29.462,580 Havana Elec. R y., pref. (quar.) (No. 3)
§12,371,580
IX Oct. 15 Holders of rec. Oct. 1
4 per cents, i u n d e d .1907 __
31,910,000 Manchester (N.H.) Tr. Lt. & P. (quar.).
21,508,250
10,491,750
Oct. 15 Oct. 10
to
Oct. 15
1
4 per cents, 1895. due 1925
3,446.100
11 .595,150 Manila Eletcric RR. & Lighting........ ..
8,149,050
to
Oct. 15
I X Oct. 15 Sept. 25
3 per cents, 1908-1918 ______
8,568,040 Metropolitan Street Ry. N. Y .. (quar.) __
2,526,340
0,042,300
to
Oct. 14
IX Oct. 15 Oct. l
2 per cents, consols of 1930. .
55,552,400
546.472,400 New Orleans Ry. & Light, pref. (quar.).
490,920,000
6
1 Holders of rec. Oct.
IX Nov.
3.65s. D is c of Colum bia. 1924
778,000
778,000 Philadelphia C o., common (quar.)______
_
to
Oct, 10
I X Oct. 10 Sept. 23
State, city and R R . bonds
29,467,325 United Rys., St. Louis, pref. (qu ar.)_
29,467,325
Banks.
Hawaiian Island b o n d s _____
1.526.000
1.526.000
6
Oct
6 Holders of rec. Sept. 26
7.787.000 Gallatin (No. 148)-- - _______ ___
Philippine L o a n _____
___
7.787.000
1 Oct. 21
Nov.
to
Mount Morris.
____
- ........
4
15 Oct.
8
to
Oct. 15
3X Oct.
§136,794,825
Total on deposit. Sept. 29 ‘ 0 6
§530,772,270 §667,567,095 New York Produce Exchange___________
• ■
Miscellaneous.
American Chicle, common (monthly)_
Oct
20 Oct. 16
to
Oct. 21
_
1
American Locomotive, com. (quar.)___
to
Nov. 25
IX Nov. 26 Nov. 10
The foregoing does not include the bonds held in the New
Preferred (quar.)_ _ _ __ _______
to
Oct. 21
I X Oct. 22 Sept. 23
American Seeding Machine (com.) (quar )
Oct. 15 Holders of rec. Sept. 29
1
York Sub-Treasury against deposits in banks.
Preferred
_
_
15 Holders
______
rec.
I X Oct.
The following shows the amount of national bank notes Amer. Smelt.(quar.)..com. (qu.) (N o.12) I X Oct. 15 Sept. 29 of to Sept. 29
Ref.,
Oct. 15
Oct.
15 Oct.
5
to
Oct. 15
afloat and the amount of the legal-tender deposits Sept. 1 American Telephone & Telegraph (quar.). 2
Oct. 15 Holders of rec. Oct. 10
1
and Oct. 1. and their increase or decrease during the month Amer. Type Founders, com. (quar.)___
Preferred (quar.)____________ _____
I X Oct. 15 Holders of rec. Oct. 10
American Woolen, pref. (quar.) (No. 30)
to
Oct. 15
of September:
I X Oct. 15 Sept. 29
Apr. Id
.4 merican Wri ting Paper. preferred . ___
1
N ational Bank Notes— Total Afloat—
Anaconda Copper Min. (quar.) (No. 24). SI.50 Oct
17 Oct. 7
to
Oct. 15
A m ou n t afloat Sept. 1 1 9 0 6 .___ ______________________________ $560,852,303
Associated Merchants. 1st pref. (quar.)__
151
Oct.
6
to
Oct. 15
l x Oct
Am ount issued during: Septem ber____
____ $0,430,092
First prejerred (extra) ______________
15 \Oct.
6
to
Oct. 15
X Oct.
A m ou n t retired during: S ep tem b er_________________ 5,379,287
4,050,805
Second preferred (quar ) _ ___
15 Oct.
6
to
Oct. 15
\ x Oct.
Second preferred (extra)_____________
6
to
Oct. 15
15 Oct
X Oct.
A m oun t bank notes afloat O ct. 1 1906_________________
. §573.903,108 Bell Telephone of Philadelphia (quar.)..
I X Oct. 15 Holders of rec. Oct. 5
Legal-tender X otes—
Central Coal < Coke, common (quar.)__
fc
IX Oct. 15 Holders of rec. Sept. 30
A m ount on deposit to redeem national bank notes Sept. 1 1906 §45,413,143
Preferred (q u a r .)____ ___________
I X Oct. 15 Holders of rec. Sept. 30
A m o mt deposited during-Septem ber________
§2.739,002
Central < So. American Teleg. (quar.)__
fc
to
Oct. 7
6 Sept. 30
IX Oct.
Am ount o f bank notes redeem ed in S e p te m b e r._ _ _ 2.017.961
721.041 Chicago Pneumatic Tool (quar.)__ ____
1
Oct. 25 Oct. 16
to
Oct. 25
2
C iv tin (//. B.), common (ouar.)________
Oct.
6
to
Oct. 15
15 Oct.
Am ount on deposit to redeem national bank notes O ct. 1 1906 §46,134,184 Consolidated Ice, Pittsburgh, pref. (quar.)
2 0 Holders of rec. Oct. 10
IX Oct.
Sept. 27
to
.............
The portion of legal tenders deposited (1) by banks be Distillers’ Securities Corp.(ouar.)(N o.l 6 ) 2IX Oct. 27 Holders of rec. Sept 15a
General Electric (quar.)__________ __
Oct. 15
coming insolvent, (2) by banks going into voluntary liqui Hudson River Telephone (quar.)_ . . . I X Oct. 15 Oct 5 to Oct. 15
International Banking Corp___________
Oct. 10 Holders of rec. Sept. 29
dation . and (3) by banks reducing or retiring their circulation, Inter. Button-Hole Sewing Mach, (quar.) 2
Oct. 15 Holders of rec. Oct. 5
1
to
Nov. 1
International Nickel, pref. (quar.)____
1 Oct. 11
was a- follows on the first of each of the last five months:
IX Nov.
Nov. 15 Holders of rec. Oct. 31
Inter. Smokeless Powder & Chem, Pref,
4
9
La Belle Iron W orks__________________
Nov
to
Nov. 1
1 Oct, 26
Legal Tenders.
June 1.
J u ly 1.
Sept. 1.
Oct. 1.
to
Oct, 23
Lanston Monotype Machine____ ____
A ugust 1.
2
Oct. 23 Oct 10
20 Oct. )
to
Oct 20
Manufacturers Lighting
Heat, (quar.)
IX Oct
Deposits by—
S
Massachusetts Lighting (quar.)________
S
S
§
§
IX Oct. 15 Holders of rec. Oct. 1
Insolvent banks
36,113 Mexican Telegraph (quar.)____________
98.508
to
Oct. 12
36,113
17,756
17,756
2X Oct. 13 Sept. 30
Liquidating: banks 16,895,709 16,552,754 16,368,198 16,787,238 16.020,156 National Biscuit, common (quar.)_____
Oct. 15 Sept. 29
to
Oct. 15
1
R educing inder
Oct. 15 Oct. 6
to
Oct, 15
National Carbon. common (quar.) _.
1
A ct o f 1874 .a . _ 20,099,297 26,694,101 28,521,692 28,589,792 30,077,915 National Fireproofing, preferred._
Oct. 15 Holders of rec. Oct. 1
1
New York Air Brake.(quar.)___
Oct. 18 Oet. 2
to
Oct, 17
2
T o t a l __________ 43,093,514 43,264,611 44,907,646 45,413,143 46,134,184 New York Dock, pref_________________
Oct. 15 Holders of rec. Oct. 1
2
N. Y. <c X. 1. Telephone (quar.) (No.92)
*
IX Oct. 15 Holders of rec. Oct, 5
2
to
Oct, 5
Nova Scotia Steel & Coal. preferred. _
Oct.
15 Sept 30
a A : c f .June 20 1874 and July 12 1882.
to
Oct. 15
Otis Elevator, pref. (q u a r .).--..............
IX Oct. 15 Sept. 27
Oct
15 Holders of rec. Sept 24
Pennsylvania Salt
6
.STOCK OF MONEY IN THE CO U N TRY.— The follow Procter < Gamble, Manufacturing______ 2
fc
preferred (q u a r.)..
Oct. 15 Sept. 22
to
Oct. 14
IX Oct. 15 Holders of rec. Oct. 5a
ing tabh* shows the general stock of money in the country, Quaker Oats, common (quar.)_________
Common (extra)____________
15
rec
as well as the holdings by the Treasury, and the amount in Railway Steel Spring, com m on.. ______ 2 X Oct. 20 Holders of to Oct. 5a
Oct.
Oct. 9
Oct. 21
Oct. 15 Holders of rec. Oct. 13
circuh Tien on the dates given. T h e sta tem en t f o r O ct. 1 1905 Realty Associates (No. 7 )........................ 3
1r Holder* of rec Oet. 13
,
E ttra _______ __________ ___
. _ 2
Oct.
w ilt b<: fo unrt >n o u r is s u e o f O c t. 14 1905, p a g e 1149.
Reece Buttonhole Machine (quar.)____
2
Oct.
15 Holders of rec. Oct. 5
IX Oct. 15 Holders of rec. Oct. 1
Stock of Money Oct. 1 1906
— Money in Circulation------ Rhode Island Perk. Horseshoe, pf. (qu.)_
Preferred (extra)____
X Oct. 15 Holders of rec. Oct. 1
Od. 1.
in United
Held in
Oct. I
Rubber Goods. Mfg. common.
Oct. 15 Holders of rec. Sept. 30a
1
Stans
Treasury, d
19051906.
San Diego Consol. Gas <k Electric, pref.
S
12 Holders of rcc. Oil. 10
IX Oct.
$
8
S
S
_
15
IX Oct.
652.330,135 South• New England Telephone (quar.) .
n !
d bullion 1.539.S40.778 273,831.835
684.268.074
klmdard Underground Cable <
quar.)
Oct.
10 Oct
5
to
Oct
i"
3
471 595,979
39,882 9 H
)
541.857.929
to
Oct. 25
X Oct. 25 Oct, 13
79.436.901 Streets West.Stable Car Line.com.(qi ar.)
Stai
561,229 R55
! .005 l 18
81.602.707
Nov.
to
Nov. 1
1
1 Sept, 26
Silver certiftratefc a
........
4.223,690
469 973.307 Tenn. Coal. Iron&RR. Co., com. (quar.)
474.338.310
Preferred (quar.)___________________
Nov.
to
Nov. 1
2
1 Sept. 26
105.539,966
116.001.510
120
55,285
Paper. pref.(qu.) (No. 30).
to
Oct. 15
Oct. 15 Sept. 30
1
8.764.858 Union Bag
7 021,000
22 1 ' ■
6,998,562
to
Oct 10
2
Oct. 10 Sept. 30
I’ nfterj-a.tev note346.6si.m o
3,822,418
336.338.026 1 nion Switch & Signal, common (quar )
342,858.598
Preferred (quar.)____________ ______
to
Oet. 10
Oct. 10 Sept. 30
2 X
Nati v e r-ank r.-Mes. . 573.901,108
9,755.104
500.250.319
564.148.004
( nited Copper, common (guar.),. ____
to
Oct. 31
31 Oct. 20
IX Oct.
Extra . . . _ ..........
to
Oct. 31
31 Oct. 20
X Oct.
Total _______
3.148,732.552 336,598 858 2.812.133.694 2.624,230,391
I X Oct. 15 Holders of rec. Sept. 28
Population of tl United States Oct. I 1906 estimated at 85.014.000; circulation United Fruit (quar.) (No. 29)_________
United Gas Improvement (quar.)..
Oct. 15 Holders of rec. Sept. 29
2
per capita) §33 Os.
Oct. 15 Holders of rec. Sept. 20
2
n 1 - redenripti' :i of outstanding certificates ; n exact equivalent ' the appr - United Shoe Machinery, corn. (quar.)__
.
Preferred (q u a r .)....
IX Oct. 15 Holders of rec. Sept. 20
prb.tf' kind.-* of money l held in the Treasury, and is not included in tl» account of
*
.......... ..............
United States Glass.
Oct. 20
SI
moneyjheld a*: assets of the Government.
31 Holders of rec. Oct. 15a
2e
Oct.
d 'I hl
- . tement of money held in the Treasury as assets of the Government does Unit'd Stoles Rubber, jirst pref. (quar.)
Second preferred ( •uar.) .
31 Ho/dns of rcc. Oct. If a
1X Oct.
not include deposits of public money In National Bank Depositaries, to the credit
U.S. Smelt. < Ref., pref. (quar.)_______
fc
15 Holders of rec. Sept. 29
IX Oct.
o f th^ Tr» • -urer of v United States ’ amounting 10*124.088.475 42.
1
to
Oct. 15
Va.-Caro. Chem.. pref. (quar.) (No. 44).
Oct. 15 Sept. 30
2
20 Oct. 11...
W- Auction Sales.— Among other securities the following, not Vulcan Detinning. preferred (guar
Oct.
1X
to
Oct. 11
Western Union Teleg. (quar.) (No. 152)
IX Oct. 15 Sept. 21
regularly dealt in at the Board, were recently sold at auction. Westlnghou.se Air Brake (quar.)_ ____
to
Oct. 10
2 X Oct. 10 Sept, 22
to
Oct. 10
Extra ..........
By Messrs. Adrian H. Muller & Son:
Oct. 10 Sept. 22
2 X
to
Oct. 10
S p e cia l__ .
2X Oct. 10 Sept. 22
Stocks.
Bonds.
to
Oct. 10
WestInghouse Elec.4c Mfg..all sties.(quar.)
2X Oct. 10 Sept. 27
25,006 em pire Sue. Ref. Co $10,000 $1,000,000 Empire Sutra Ref. Co.
to
Oct. 10
2X Oct. 10 8 ept. 30
tna i * i king & Tr
i
1st 5s. July *06 co u p ’s on §1 r5 000 Westinghouse Machine (quar.)................
Co. (Butte. Mont.i $ 1,000 $50,000 Canon C ity. r lo r. <c Royal
5
a Transfer books not closed, b Also 2 % , payable April 9 1907. c Also 2 X %
2 Lawyers' Title Ins. &
G orge Interurban R y. Co. 1st
. • $3on declared payable April 15 1907
Trust Co
.
2«2
105
d April 1 1907. c Including all old “ preferred” stock now outstanding
rf. ktj Investing Co___
t v
THE CHRONICLE.
796
Statement of New York City Clearing-House Banks.—
The following statement shows the condition of the New
York City Clearing-House banks for the week ending Sept. 29.
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.
Surplus.
Loans.
S
$
S
18,093.0
Bank of N. Y.. 2 ,000,0
2,806,4
2,742,8
22.289,0
Manhattan Co.
2,050,0
2 ,000,0
Merchants’ ___
1,462,6
11,154,9
18,983,0
Mechanics’ ____
3,000.0
3,541,1
1,500,0
A m erica___
3,905,7
21,528,3
6,947,0
Fhenix___ ____
1,000,0
337,9
25,000.0 20,681,9 164,978,4
----City 300,0
7.848,9
24,154,3
C hem ical__ - 443,9
5,745.4
.Merchants’ Ex.
600.0
1 ,000,0
2,369.0
Gallatin____ -.
8,147,6
Butch.A- Drov.
300.0
154,2
2,682,1
Mech.& Traders
388,3
700,0
6,509,0
Greenwich. __
500.0
634,6
4,906,0
5,000.0
American Exch.
4,812,8
27.076,6
Commerce.___ 25,000,0 13,581,9 132,679.6
3 ,000,0
4.648,7
20.466,2
Mercantile__ .
759,2
500.0
Pacific . ___
3,147,9
450,0
1.023,2
Chatham______
5.761,0
200.0
459.1
2,262.5
People’s_______
2 ,000.0
2,101.9
15.186,0
North America.
7,712.2
3,000,0
H anover______
49,446,1
1.105,7
7,794,0
Irving
----- --1 ,000.0
18,624,1
Citizens’ Cent. _ 2,550,0
784.3
345.2
N assau_______
500.0
3.606,5
1 ,000.0
1.473.0
Market & Fult.
7,310,6
11,612.3
Metropolitan
2 .000.0
718,0
Corn Exchange.
2 ,000.0
3.583,7
33,652,4
Oriental
. .
750,0
1,158,9
10.169,3
1,500,0
6,872,8
23,217.7
Imp. & Traders’
P a r k __
___
3,000,0
7.897.6
6 8 .OSS,0
East River___
250,0
117.8
1,242,3
F ou rth ___
17.757,3
3,000,0
2.991.1
1.716.2
Second _______
300,0
9,793.0
First _________ 1 0 900,0 17,883.0
81.279.7
N. Y. Nat, E xi ,000,0
900,7
9,284,0
3,750,0
Bowery
___
250,0
780,3
200,0
793,5
5.425,1
N. Y . County..
750.0
569,8
German-Amer _
4,068,7
1 ,000.0
5,782.1
Chase_________
47.342,6
9,493,2
Fifth Avenue..
100,0
1.790,0
200.0
792,3
3,462,9
German Exch- _
Germania_ __
_
200,0
916,0
4.681,4
12,652,2
Lincoln
300.0
1.613.0
1,364,3
Garfield. ____
1 .000,0
7,723,9
250,0
F ifth _________
440,3
3,000,5
1 ,0 0 0 .0
1,625,5
Metropolis____
9,662,6
200.0
West Side..
807,6
4,525,0
14,392,0
1,183,5
Seaboard______
1 .0 0 0 .0
1st N at.. Bklyn.
677,6
4,819,0
300.0
10,653,2
Liberty _.
1 ,000,0
2,183,1
564,9
6,046,2
N. Y. Prod. Ex.
1 ,000.0
254.0
5.742,2
New Amster__
1 ,000.0
4.927.0
Astor ________
710,3
350,0
State _____
100.0
1,422,6
13.230,0
<c C
5
C1
f s
Capital.
Specie.
Legals. Deposits, a
S
2,725,0
5,023,0
2.324,1
3,239.0
3,614,9
1,242,0
35,581,9
3,783,8
1.130,8
888,5
492,0
940,0
1,015,2
3,439,1
16,619,6
3,346,6
256,4
764,3
228,8
2,687,0
10.704,6
1,476.0
3.328,8
• 329.7
1.359,3
2,734.8
6 ,221,0
1,533,0
3,738.0
16,445,0
258,3
3,415,4
1 ,010,0
16,602.9
1.966,5
583,0
874.3
734,5
11.678,7
2,463,2
135.0
508,4
853,1
1,749.7
520,9
1,182,0
593,0
2.476.0
675.0
1.447,3
1,339,7
1,083,2
960.0
3,005.0
%
S
15,460,0 26.8
1,430,0
25,827,0 28.3
2,293,0
12,937,1 25.9
1,022,3
18,603,0 27.5
1.889,0
22,769,9 25,6
2,233,1
5,984,0 23.8
186,0
10,577,2 159,641,5 28.9
22,353,0 25.3
1,890,5
5,995,6 25.0
366,3
617.7
5,811,6 25.9
2,421,8 22.8
59,8
775.0
7,153,0 23.9
5,845,1 27.3
584,8
18,797,1 24.4
1,158,9
10,410,0 107,654,0 25.1
17,654,8 26.6
1,182,7
3,284,7 18.4
350,5
5,810,4 27.5
835,1
606.2
2,610,0 31.9
14,442.0 26.4
1.140,0
59,184,7 28.4
6,141,9
7,485,0 25.1
410.2
18.367,5 25.2
1,302,5
422.5
3,933,6 19.1
7,097.0 27.4
600,1
12.255,0 24.3
246,4
41,143,9 25.6
4,344,0
459,2
9,223,3 21.5
2 0 .020,0 26.0
1.482.0
77,125,0 25.9
3,531,0
1,455,9 27.3
139,8
1,939,0
19.779,8 27.0
9,878.0 26.5
1,617,0
67,899,0 27.3
2.002,7
375,6
9,109,9 25.9
198,0
4,146,0 18.8
437,2
5,641,0 23.2
3,963,1 23.2
185,4
53,131,9 25.0
1,571.3
508,4
11.027,4 26.9
760,0
4,062,9 22.0
5,746,2 23.7
869,7
13.566,7 25.2
2,576,7
302,2
7,974,9 25.7
3,035,4 24.2
216,1
502,0
8,807.4 19.1
4,715,0 24.3
556,0
1,674,0
10,298,0 25.4
525,0
4,797.0 25.0
593,0
8,486,6 24.0
450,5
7,018,7 25 5
658,3
6,974,6 25.0
308,0
4.879,0 26.9
14,774.0 21.7
214,0
1
Banks.
005 omitted
i l-s*
1 -* -C
We omit two ciphers (00) in all cases.
s
Totals_______ 118,150,0 154,235,0 1051,172,8 193,327,3 77,727,8 1034,059,0 26.2
a
a Total United States deposits included, §27,099,800.
[V O L . LXXX11I.
New York City, Boston and Philadelphia Banks.— Below is
a summary of the weekly returns of the Clearing-Hous. banks
of New York City, Boston and Philadelphia. The New York
figures do not include results for non-member bank>.
We omit two ciphers (00) in all Ouse figures.
Capital
and
Surplus.
Banks.
New York
Sept. 1..
Sept. 8 ..
Sept. 15..
Sept.22 ..
Sept. 29-.
Boston
Sept. 8 ..
Sept. 15-.
Sept. 22. _
Sept.29..
Phila.
Sept, 8 -.
Sept. 15-.
Sept.22__
Sept.29 --
Loam.
Specie.
§
269,242.0
269.242,0
272,385,0
272,385,0
272,385,0
S
1063,739,6
1051,774,1
1036,400,4
1043,882,6
1051,172,8
§
181,745,6
169,341,6
177,366,5
190,536.5
193,327,3
43,480,0
43,480.0
43,480,0
43,480,0
183,962,0
184.392,0
185,398.0
185,070,0
16,258,0
17.782.0
17,670,0
17,561,0
50,665,0
50,665,0
50,665,0
50,665,0
220,063,0
217,961,0
218,055,0
219,633,0
Legals. Deposits, a Circu
lation.
Clearings.
S
1042,057,2
1014,2 J4.1
1005,487,6
1023,251,5
1034.059,0
46,038.7
44.917,8
44,888,8
45,109,5
45,595,8
§
2,175.188,9
1.854,759,2
2.018.671,6
2.092.499,4
i .923,940,0
5,303,0 206,251,0
5.618.0 211.068,0
5.765,0 211,232,0
5,374,0 206,909,0
7,769,0
7,758.0
7,734,0
7,755,0
132.379,0
149,753,1
;53.817,4
138,860,0
14.268.0
14,305,0
14,258,0
14,285,0
125,786,4
138.014,9
140,406,4
143,429,0
§
81,638.1
77.634.0
77,541.8
76,592.3
77,727.8
53,959,0
55,995,0
59,187,0
56,606,0
243,411,0
246,929,0
250,668,0
249,334,0
s
a Including for Boston and Philadelphia the item "due to other bankGovernment deposits. For Boston these Government deposits amount
29 to §1,982,000: on Sept. 22 to §3,550.000.
:.d also
Sept.
on
Imports and Exports for the W eek.— The following are
the imports at New York for the week ending for dry goods
Sept. 27 and for the week ending for general merchandise
Sept. 28; also totals since beginning first week in January.
FOREIGN IMPORTS AT NEW YORK.
For week.
1904.
1905.
1906.
1903.
§3.075,167
10.362,627
$2,067,861
9,22L673
§2.505,869
7,732,457
§13,467,794
T o ta l_________ ________
Since January 1.
Dry Goods------------------------- §121,708,292 §106,175,934
General Merchandise_______ 442,873,199 410,331.354
§11,289.534
§10,238,326
Dry Goods. _ _ ___ ____
General Merchandise_______
§2,939,242
9,612,674
§90,941.288 $101,179,443
350,547,237 345,405,385
Total 38 weeks__________ §564,581,491 §516.507,288 §441,488,525 §446.584,828
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending October 1 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE W EEK.
For the week
...
Previously reported------------
1903.
1904
1905.
1906.
$8,073,286
§9,295.388
353,008,814 360,047,711
§10,079.002
§9,518.279
451.163,445 3SS.2S6.926
.
Total 38 weeks---------------- §461,242,447 $397,805,205 §362,304,202 $374,932,351
The following table shows the exports and imports of
specie at the port of New York for the week ending Sept. 29
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Sept. 29 1906, based on average daily results:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
We omit two ciphers (00) in all cases.
Week.
Banks.
Capi
tal.
Sur
plus.
N. Y. City.
Boroughs of
Man.&Br’x.
S
$
Wash. H’g’ ts.
164,3
100,0
Century ___
200.0
140.8
Chelsea Exch
95,2
100.0
Colonial___
359.5
100,0
Columbia_
_
412,2
300.0
Consol. Nat_ 1,000,0 1,110.1
F id e lity ___
138.2
200.0
14th Street..
500,0
160.1
Ham ilton__
200,0
186,8
Jefferson___
500,0
588,5
Mt. Morris..
250.0
185,8
Mutual _ _ _ 200,0
312,5
19th W ard-200,0
241,3
Plaza _ __
100,0
309,6
100,0
108.7
Riverside__
200,0
12th W ard.179,9
23d Ward - _ _
100.0
153,8
Union Exch.
750.0
755,8
355.0
Y orkville__
100,0
Coal I.Nat,
532.1
500,0
34th St, Nat.
200.0
206.7
200.0
114,9
Batt.Pk.Nat_
Loans
a?id
Invest
ments.
%
935.2
1,388,0
925,2
4,142,1
5,605,0
6.749.1
1,015.8
5,689,1
5,194,8
3,929,0
2.628,0
3,667,6
3.428,9
3.774,0
1.759,9
2.526.0
1.782,1
8,443.1
3,408.4
4.485,0
1.172.3
679.8
Specie
Legal
Tender
and
Bank
Notes.
Great, Britain
France
Deposit with
Clear
ing
Agent.
S '
$
13,8
47,0
33,3
67,5
64,3
36,8
86,3
384,5
268,0
242,0
484,1
200,0
18,0
61,2
148,4 310,6
273,9
224,1
9,6
271.4
143,8 . 95,7
26.1
326,8
22,2
271,6
221,0
209,0
135,2
20,1
33,0
251,0
185,2
71,3
414,7
206,6
32,2
320,0
590.8
2S4.3
264.0
21.8
74,4
22,3
$
69,3
81,2
42.1
467,9
1 ,020,0
280,0
74,5
413,1
136,3
110,9
203,2
212.7
365,6
301,0
103,5
228,0
120,3
765,7
229,6
614,7
98,1
56,3
212,1
Other
Banks,
&c.
Net
Deposits
$
$
793.5
1,359,2
1.086.2
4,829,3
6.600,0
4,162,1
988,2
6,040,1
5,692,2
3,709,6
2,985,0
3.781,5
3,748,7
4,113,0
1,971,1
2,992,0
2.163.0
8,107,9
3,955,3
4,192,2
1,151,0
465,7
30.9
106,4
218,0
3,8
459,0
61,0
235.0
131.2
57,6
58,2
115.0
118,4
79,6
55,0
24.1
48.6
15.5
129.3
418,0
214,6
228.0
134.0
30,1
389,0
189,2
164,6
72,7
158,7
669,5
482,0
366.0
116,1578,0
205,5
234,1
668,7
981,2
980,0
253.0
67,S
913,0
Jersey City.
First N at__
Hud. Co.Nat.
Third Nat_
_
400.0 1,137,3
690.8
250.0
200,0
339.9
4.552.1
2.SIS.4
1,944,3
302.1
189.1
105,0
76.1
42,9 . 88,9
1.898.7
284.0
304,4
475.0
70,6
13,5
5,873.1
2,513,2
2,043,0
Hoboken.
First Nat_
_
Second Nat.
125,0
572,5
186,4
2,827.4
1.491,1
158.7
52,S
173,2
64,8
172.5
79,6
2.725,8
1,418,7
110.0
25.9
42,6
W est,
133,9 3,049.2
61,2 3,089,0
34.2 2,187,5
193,8 4,881,8
177.4 12,038.7
5,886,0
90.0 3.519.0
264.6 1,897.7
993,0 13,423,0
Tot. Sept. 29 11237,0 14744,9 132524.1 5,468,9 7,507,6 13,234,8 4.512.5 139132.5
Tot. Sept. 22 11237.0 14744.9 132263.9 5,327,7 7,431,7 13.498,3 4,129.9 139208,3
Tot. Sept. 15 11237,0 14744,9 133044.0 5,316,3 7,774,7 11,318,2 4,860,8 138641,3
Since Jan. 1
__ __
__ __ .
Indies
_
___ __
S970
South America ------------All other countries.------- -------- ---
Borough of
Brooklyn.
B o r o u g h __
200.0
135,4 2,729.7
150,0
Broadway __
390.8 3.027.6
B rooklyn__
160,6 1,998,2
300,0
Mfrs.’ Nat _ _ 252,0
699,9 4,494,1
Mechanics’ _ 1.000,0
869.0 10.389.0
750,0
882.0 6,277,0
Nassau Nat.
622.7 3.209.0
National City
300,0
100,0
202.6 1,663,8
North Side..
Union _ _ _ 1,000,0 1,043,2 11,774,0
Imports.
Exports.
Gold.
Silver.
Great B ritian-----------------------------France
Smith America, _
_
All other countries.-
§572.185 §37,270,574
165,000
1.611.000
13.760
103,949
100.000
200
______
_ _
—
Since Ja n 1
§6,350.367 §48.257,491
1.513.054 11,272.758
10.445,568
4.120.033
531.287
193,570
800
1.497,979
32.879
231,761
5.120
§970 $5.$87,544 SS,433.507 §76.019.160
8.524,451
5,500 38.104,087 1,639,835
6.494,946
222,500 73,909,273
245.931
Total 1906_____________________
Total 1 9 0 5 -..__________________
Total 1904_____________________
M e x ic o
§666,678
1,122,576
4,063,940
34,350
Week.
9,088
-
1Q06
_______
lQOn
______ __
Total 1904_____________________
$737,185 §39.108.571
26,822.594
624,805 30,576,043
T o ta l
T o ta l
§1.517
4,503
10
103.403
622,926
969.059
61.669
§8.874
57.651
8,832
$75,357 §1.763,087
3.439,946
363,811
742,399
35,439
Of the above imports for the week in 1906, $3,735,365
were American gold coin and $73 American silver coin. Of
the exports during the same time $970 were American
gold coin and______ were American silver coin.
% n n k i n Q n n t \ F in a n c ia l.
T R A N S C O N T IN E N T A L
M AP
M ailed upon request.
Spencer Trask & Co,,
In v e stm e n t
Branch. Office, Albany, H.Y. W
M o f f a t
M em bers N ew
§ NASSAU STREET,
B an k ers.
Uliam and Pine Sts., New York.
& W
h i t e
,
Y o r k S to c k E x c h a a g e ,
H A N O V S S B A N K B U IL D IN G ,
jD e a le r t in I n v e s t m e n t S e c u r itie s .
C O M M IS S IO N
ORBBRg
EXECUTED
FOR
CASH
9 N L I
O ct . c 1906.]
Jlul
11UcrS
7
(fYA z
cttc.
United States Bonds.— Sales of Government bonds at the
Board are limited to $500 3s, reg., 1908 at 102% and $5,000
4s., coup., 1925 at 1 3 0 '5 .
The following are the daily
closing quotations; f o r y e a r l y r a n g e s e e t h i r d p a g e ' . f o i l o w i n g .
For Dividends see page 79 5.
W a l l S t r e e t . F r i d a y X i g h t , O c t . 5 1906.
The Money Market and Financial Situation.— Easier money
market conditions is one of the important developments of
the week. It is reported that commercial paper is moving
with mentor freedom, that time loans are more easily nego
tiated and that collateral offered is not scrutinized so closely.
The change noted has not resulted in increased activity
or a general advance in prices at the Stock Exchange. On
the ether hand, the market for shares, reviewed below,
>hows a decrease in the volume of business and prices have
been irregular. In commercial circles, however, the relief
afforded by easier money market conditions is perhaps, at the
moment, more conspicuous than in W all Street.
The announcement of an advance in the Atchison divi
dend rate to 5 % wa< a disappointment to those who had
anticipated a larger increase, caused a sharp decline in the
shares and tended to restrict operations in other departments.
Sharp advances in the cotton market have occurred on
reports of serious damage caused by recent severe storms
along the Gulf. These reports are no doubt exaggerated
and only later information can be relied upon for the facts.
The open market rates for call loans on the Stock E x
change during the week on stock and bond collaterals have
ranged from 3 to 9 % .
To-day’s rates on call were
3@ 5% .
Prime commercial paper quoted at 6 © 7 %
for endorsements and 6 @ 7 % for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £2,387,413, and the per
centage of reserve to liabilities was 38.50, against 42.83
last week.
The discount rate remains as fixed Sept. 13th at 4 %
The Bank of France shows a decrease of 33,575,000 francs
in gold and 3,475,000 francs in silver.
NEW YORK CITY CLEARING-HOUSE BANKS.
1906.
Sept. 29.
Differences
from
previous week.
1905.
Sept. 30.
1904.
Oct. l.
§
S
%
S
Capital_________ _____
1IS. 150.000
115.972,700 115.972.700
Surplus..
_________
154.235.000
140,160,800 134,643,500
Loans and discounts_ 1.051.172.800 Inc. 7,290,200 1,071,630.300 1,143,033.900
_
Circulation _ ______
_
45.595.800 Inc.
486.300
54.066,100
40,576,000
Net deposits................ .. <21034.059.000 Inc. 10.S07.500 1,080,465,100 1,212,797.100
Specie _______________
193,327,300 Inc.' 2,790,800 201,506,000 244.367,100
77.727.800 Inc. 1.135,500
Legal tenders. ...............
76.050,300
78,745,600
Reserve heid.................
271.055.100 Inc. 3,926,300 277,556.300 323.112.700
25% of deposits_______
258,514.750 Inc. 2,701,875 270,116.275 303,199,275
Surplus reserve_____
12,540.350 Inc.
1.224,425
7,440,025
Foreign Exchange.— The market was active and higher
this week, influenced by a demand to remit for maturing
loan bills and for October interest; the tone was strong at the
close. Gold engagements, 85,584,000; imports from Europe,
§5,319,409, and from Australia at San Francisco, $1,848,000.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 81 for sixty-day and 4 8 4 % for sight.
To
day's (Friday’s) actual rates for sterling exchange were
4 8025(54 8035 for long, 4 8 3 8 5 @ 4 8390 for short, and
4 8 4 5 0 @ 4 8460 for cables. Commercial on banks, 4 7980©)
4 7990, and documents for payment 4 7 9 % @ 4 8 0 % . Cotton
for payment 4 7 9% © ' 4 7 9 % ; cotton for acceptance 4 7 9 80@
4 7990. and grain for payment 4 8 0 3 4 @ 4 8 0 % .
To-day's (Friday’s) actual rates for Paris bankers’ francs
were 5 2334©-5 2 2 % a for long and 5 20 h @o 20 a for short.
Germany bankers’ marks were 93 15-16@ 945 for long and
9454@ 94 11-16 for short. Amsterdam bankers’ guilders
were 40ft@40 for short.
Exchange at Paris on London to-day, 251'.: week’s ra
25f. high, and 25f. low.
The week’s rhnge for exchange rates follows:
-------------Long------------- ------------- SI\ort--------------
H urn, _. _
93 15-16 (a (\d
* j
Low . . „ . - 93 H
@ 93 74
__
lam Ftnnkfrx'
-4 msUrc
4 8385
4 8325
@ 4 8390
8335
5 20h
5 20Hd
PUh :
----------- ---------------
1 i-jr, of 1%
k
(2 4 8460
(2 4 8415
<o;5 20a
@ 5 20%X
94%
94.7-16
High___
Low'____ - i
-Copies----------- •
i4 8455
4 8410
39 %
% 94 11-10
@ 94 9-16 !
(d 40a
)
< > 39 15-10
5
_
_
........................
1
h 3-32 of 1%.
x 1-32 of 1% • V 3-32 of 1%.
The folio \
ving were th e rates for domestic exchange on
1rork ait the-und ernmentioned -cities to-dn,y: Savannah
1 0 50 c.
VIP
• ! (X30 discount; selling 75<;. per §1,000
Charleston 1 0c. per $1,000 premi ium. New
Or
s bank. 85c. per S1.000 discount; cornmercial §1 15
r $1 00(J discount. Chie ago 10c. per §1,(300 discount.
St l 11 is 4.5c. per SI ,000 discount. San Fran cisco 20c. per
81 ,000
ium.
Statis and Railroad Bonds.— Sales of State bonds at the
Be>ard are li mi ted to $ .000 Virginia 6s defe rred trust re562
ce:
it 26 t0 27.
The:
*t for railw:a y ;and industrial bonds has been soraenore *
wl
ictive and ha s had a tendency to firmness.
Nr ‘W
Interest Sept.
Periods | 29
2s,
2s,
3s.
3s,
3s.
4s,
4s,
4s.
1930 ................. registered i Q— Jan
1930...................... coupon Q— Jan
1908-1918_____registered! Q— Feb
1908-1918........._ .coupon Q— Feb
1908-1918-.small coupon Q— Feb
1907 ..................registered Q—Jan
1907_______ -- - .coupon Q—Jan
1925 ................. registered; Q— Ffeb
Q— Feb
*103 %
*104 H
*103*6
*103*3
j *103*i
*102*f
1*103*4
*131
*131
Oct.
1
*103*1
*.r03 %
*.r02%
*103*2
*103*i
*102*i
*:r02 %
*131
*131
Oct. I Oct
2
3
* 103*4
*103?i
*102*1
*103*a
*103*i
*102*i
*102%
*131
*131
Oct.
Oct.
4
I *
*
*103% *l03 *i
*103*i *103*4
*102*1 * 102:|t
*103H *103*2
*103*1 i* 102*4
*102*4 *102%
*102*i *102*i
*131 |*131
*131
*131
*103*4
•I()3*i
*102*.
*103*4
*102*2
*102%
*102*4
*130*2
130*2
1
♦ This is the price bid at the morning board: no sale was made.
Railroad and Miscellaneous Stocks.— In the stock market
the tendency has been towards a reduction in the volume of
business. Daily transactions, which averaged over 1 ,300,000 shares, have been reduced to but little over half that
amount. Fluctuations have generally been within narrower
limits than for some time past, and net changes arc in many
cases unimportant. The market was more active to-day
than on Thursday, however; there was a firmer tone also,
and as a result of the week’s operations, out of a list of
twenty active railway shares, 15 are higher at the close
and 5 lower than last week.
Among the exceptional features is Great Northern, which
has covered a range of over 9 points and closes with a frac
tional net gain. Reading has again been conspicuously
acitve and is over 6 points higher. Canadian Pacific has
lost a part of the advance noted last week on realizing sales.,
following the declaration of an extra 1% dividend to be paid
out of the proceeds of land sales. Atchison declined 534
points on the announcement that its dividend rate had been
advanced to 5 % . Rock Island has been more active than
of late on a demand which carried the price up nearly 4 points,
and Union Pacific is up over 3 points.
The copper stocks have again advanced on still higher
prices for the metal. United States Rubber declined over
8 points on rumors in regard to dividends, and New York
Air Brake lost over 6 points. The United States Steel issues
show an advance of 3 and 134 points for the common and
preferred respectively’.
F o r d a i l y v o l u m e o f b u s i n e s s s e e p a g e 805.
The following sales have occurred this week of shares not
represented in our detailed list on the page which follows:
STOCKS.
Week ending Oct. 5
19.913.425
n s_\ ,099.800 United States deposits included, against S25.547.400 last week and
$8,495,100 the corresponding week of 1905. With these United States deposits
eliminated, the surplus reserve would be $19,315,300 on Sept. 29 and $17,702,775
on Sept. 22.
.Yote.— Returns of separate banks appear on the preceding page.
-4 8025
(2*4 8035
Low
.-4 7940
(2 4 7950
Paris UqhJ ' Francs—
xts
High___ .5 23% o
@ 5 22 Ha
Low ____ - -5 231*
(F o 22*•>a
p
797
THE CHRONICLE
Sales j
for 1
Week.1
Range for week.
harvest.
Alice Mining__________
Amer Teleg & Cable_
_
Bethlehem Steel Corp _ _
Preferred „ _________
Can Pac subscriptions- Chic Rock Isl & Pacific. _
Comstock Tunnel______
Corn Products (old),pref.
Ill Central, leased lines..
Iron Silver Mining _____
Keokuk & Des Moines. _
Preferred___
_ __
_
Knickerbocker Ice, pref.
Manhattan Beach______
New York Dock_______
X Y < N J Telephone, _ _
fc
Northern Central____
Ontario Silver Mining_
_
Quicksilver Mining_____
Rubber Goods Mfg, pref_
Rutland, preferred. . _
Standard Mining_______
Vulcan Det inning...........
Preferred . . _ ______
Highest.
Range since Jan 1.
Lowest.
Hi/jhest. si
1,000, $4*4 Oct
4 $4% Oct
4 $2% Jan SO
100| 90 Oct
Jan 93%
5 90 Oct
5 90
2,500! 20 Oct
1 20 Oct
3 20
Sept 26%
74%Oct
1,025 69 Oct
4
1 65
Sept 88*4
2 153% July 181%
100 l$l% O ct
2181% Oct
72 150 Oct
3 150 Oct
Oct 150
3 150
200 22c Oct
2 22c Oct
2 10c Mch 40c
100! 52 Oct
Oct 61%
1 52 Oct
1 52
110! 99% Oct
2 100 Oct
2 99% Oct 105
4 $5 Oct
600i $4% Oct
5 $4% Oct so
2 14 Oct
2 13*4 Oct 14
700 13*4 Oct
2 45 Oct
2 44
Oct 45
400 44 Oct
2 85% Sept 29 75
200! 85 Oct
July 85%
300: 5% Oct
5 5% Oct
5
May 15%
5
100 45 Oct
4 45 Oct
4 34
Jan 50*4
21125
225! 128% Oct
1 129 Oct
July 155%
50212 Oct
3 209% Sept 212
3 212 Oct
1 4*4 Oct
4
1,390 314 Oct
m June 4%
100 I X Oct
3 1X Oct3
1% Mch 2%
Sept 108%
200 100 Sept 29 100 Sept 29 100
10 55 Oct
3 55
3 55 Oct
Oct 55
2 S3 .SOOct 5 $2*4 Oct $5
3,3001 $2*4 Oct
2,700 10-2* Oct
1 u H Oct
3
8% Aug 15%
Jan 70%
4,870 6 4 % Oct
1 70% Oct
5 50
Jan
Mch
Aug
June
Oct
Oct
Mch
Jan
Feb
Apr
Apr
Oct
Sept
Jan
Jan
Feb
Oct
Oct
.Tan
Apr
Oct
Jap
Jan
Oct
Outside Market.— The market for unlisted securities dis
played considerable strength throughout the week, though
price movements have been attended by irregularity. Specu
lation in mining shares was on an extensive scale, many issues
touching new high-record figures. Nipissing continued the
chief feature. It lost a point in the beginning of the week
to 19% but moved up to 25 then back to 2134- The close
to-day was at 2234- Butte coalition advanced from 3 9 %
to 4134, easing off to 4 1 % .
British Columbia Copper was
prominent and after a fractional decline to 9 % Lose to 1 1 % .
Greene Consolidated Copper was active and gained 2 points
to 2 8 % , but the close to-day was at 2 7 % . Cumberland Ely
was animated and sold at its highest, running up from 1 0 3 4'
to 14% . Giroux also sold at its top price, moving up from
10% to 14% and back finally to 1 2 % .
Davis Daly Estates
rose from 9 % to 15 and then receded to 14. Tennessee Cop
per improved 3 points to 45. United Copper common fell
from 6 5 % to 65, recovered to 6 6 % and ends the week at
0634- Nevada Consolidated Copper, after a drop from 1934
to 18% , advanced to 2 0 % . Mack ay Companies common
developed strength and advanced from 7 1 % to 7 1 %, closing
at 74. Standard Oil sank from 5 99% to 598, advanced to
600 and fell back finally to 5 9 9 % . Havana Tobacco com
mon dropped from 18 to 16% but recovered o 17. Ameri
can Can preferred gained a point to 57. American W riling
Paper preferred went down -2 points to 27 but advanced
again to 28. The initial dividend of one per cent was de
clared this week. Chicago Subway, after fluctuating between
4 9 % and 51, to-day jumped to 5 2 % .
Manhattan transit
rose from 3 % to 6, transactions to-day being on an enormous
scale.
Outside quotations will be found on page 805.
New
York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O C C U P Y IN G
STOCKS— H I G H E S T A N D
Saturday
Sept 29
Monday
Oct 1
Tuesday
Oct 2
L O W E S T B A L E PRICES
W ednesday
Oct 3
Thursday
Oct d
Jfrtday
Oct 5
TW O
P A < ;S *
STOCKS
N E W Y O R K STOCK
EXCHANGE
lla/nye tor Prevtoui
Sates o> Ra/aqe 1 or Year 1906
O n oaais of 100-share loti
Year(1905)
Hie
Week
Hiyo^st
Lowest
H iuhest
Lowest.
Shares
f
R a ilro a d * .
105 105% 105% 108% 107 109
103% 108% 103*4 104 % 105% 104% A tell. Tooeka<fcSanta Fe 371,370 85% May 2 110 4 Sep 11 77%Ma> 93% A ‘
u
101 % 101% 101% 101 % Yx
101 101% 101 % 101 h 1013s 101 h 101 101%
a
Do p ref...............
3,80< 98 % J’ly 8 106 Jan 3 99 Jan i i 0 5 % • P
a
*
"
'''
140 }40
139 140% 140 140 A llanticC oast Line R E ..
J, 1< 131 % J fly 3 167% Jau 20 120 Jan 170 Apr
h
*i 40% 144ha 141 14 2 h 141 141
a
122% 123% B a ltim ore & O h io .......... 43,7 8 ,lu5% vlay 2 1 ' 5 % Sep 2 IO0% Jan 1117 Aug
<
121-e 123
122% 12334 122*4 123'h 122 % 123 % 122% 123
92
92
"90
92
*91
92
*90
92
*91
92
$92
92
140 ; 91% Sep 25 99% Jan 5 91 Mai 100 Aug
O Do pref.......................
77% 78%
77% 78 Brooklyn Rapid Transit. 1 45,4 65 1 71 J ’ ly 12 94 % J an 2>j 56% Ma> 91V Nov
70
76%
70*4 77-%
76% 77**
77
7:8*8
*75
88
*75
76
*75
76
*75
88
*____ 88
*75
86
Buffalo < Susque, p r e f...
fc
.. . 1 83 J an I 2 87 Feb 8 84 Dec 91% - 1%
177 v 178% / Canadian Paciiie............
182 182% 182 182*8 180 % 182
180% 183% 179 180
—,4 701155% May 2 183% Oct 3 130% Jau 177% Sep
*00
67
*66
67
* 66
67
* 66
67
" 6 5 hi 6 6 h *65 h 66 h V Canada'Southern
a
65 % J ’ne3< 70% Jan 8 67 N o' 74% Aug
a
a
80e 204 May 2 239% May24 190 Ma> 1235 ‘oct
228 230
230ha 231
231 231 *228 232 +225 230 *225 230 Central of N ew J erse y ...
62% 62% Chesapeake < O hio.......
62% 03
62 h 62 *2
a
8,400 53 % A p r 28 65% Aug.U
62 % 63%
62% 63 h
a 62 h2 63*8
fe
45 % Ma.' 60% Mur
* 28
3 0 1 *25
3 0 l4 34
3 3 % 3 5 % Chicago &. A lton HR
30
30
31
30
303
4
8,006 25 % Sep 16
75 hi 75 S *......... 77
*......... 75 * ........ 77
7 5 h 77
a
'700 75 % Sep 1v 11 \ Oct 5
77% 77%
Do p re f..
17% 17 %
183 19 h
4
a 18% 19 Chicago Great W estern.. L6.60U 16 J ’ne2t 23% Jan 2<; 17v2 Ma^ 1 25 % M ur
18%
18 h 19
a
17 h 18 h
a
a 18
*80
82
*80
82
*80
81
79% Sep 'i 8 6 % Jan 17 83% Mu\ : 89 • P
*79
82
I)o 4 p. c. debenture?*
* 7 9 h 81
a
*79 h 81
a
-‘•
*73% 75
74
74
301 72% J ’ly 13 80 Jan 31 60 J ’ne • 78% Sep
75
75
*73ha 75
*73 % 74
Do 5 p. e. pref. “ A ” ..
*73 h 75
a
*25 % 20
27*4 275 *27 ' 27%
e
4,000 1 25 J ’ly 21 39% Jan 22 29 Maj 37 % Apr
2 6 3 263
4
4
27
27 h
i
2 5 h 27
a
Do 4 {). c. pref. “ B” ..
172hs 173 hi 172% 176
174 h 1763 174 % 175 % 1 7 4 ‘4 175% 174% 177 Chicago M ilw. Sc St. Paul. 97,734 1155% May 2 198% Aug27 168% M uy 1187 Apr
a
4
192 % 194
193 193
194 194
177% May 2 [21S Aug27 182 % JaD 1192% Apr
a
a
500 1
194 194 h *193 194 h *192 h 194
a
Do p re f.......................
a
207 hi 207 % 206 2073 208 208% +206 h 208 h 206 207 h 206% ‘207% Chicago '& N orth Western
4
2,900 192 Apr 27 240 Jan 15 |al90^J’nc-,249 Jan
*230 235 *230 235
*230 235 *230 235 *225 235 +230 235
225 Aug 9 270 Mar30 |234 Jan 265 % Feb
Do p re f.......................
I
"175 182 *175 182 *175 180 Chic. St.'P. Minn. Sc Om.
5UU1 68 J ’ne2b 198 Jan 15 150 Jan 1225 Jau
178 1 /8
180 180 *176 182
*180 190 *180 190 "180 190 *180 190 *180 190
"180 190
176 J ’ne28 202 Jan 15 195 Jan 230 Jau
Do p rof.......................
*9
14
*9
14
*9
14
*9
14 Chicago T em p i Transfer.
9% April- 18% Jan 19
"9% 14
*11
14
7% Jan j 20 J ’ ne
*26% 31
27 A pr 27 42% Jan 22 17 % Jan | 42 v ■ y
i
*27
31 * ........ 31% * ......... 31
*........ 31 h +......... 31*3
.
D o pref
4%
5
" 4 % 5 Chicago Union Traction.
"4^2 5
3% May 21 13% Feb 20
1,80c
4h
a 4%
43
4 5
4h
a 4.hi
6 JTu 13% Feb
17 % 17%
173 173
4
4
1,800 11% J’ ly 12 47% M a il 2 30% J ’ly ! 54 Feb
a
a
17 h 18%
a
18 hi 1 8 1 *17 *2 18 h *17% 18 h
4
D o p ref.......................
*93 h 94 V *91
a
94
94
94 Cleve. Cln. Chic. Sc St. L.
94
94
92% 93
620 90% May 2 109% Jan 15 90 Jau M il Mar
$93h 93 h
a
.
*112 114 *112 114 *112 114 *112 114 *112 114 *113 114
110 J -ly l9 118 Jan 23 115% J ’ ly 121 % .Mar
Do p re f.......................
401 407
4
s
36 ^ 36 78 37
37% 41
39 h 40% Colorado Sc S o u th e rn ___ 51,000 29% Jan 4 4 L Oct 3 22% Jan '30% Apr
a
37 3
4
3(5 hi 36%
6 8 % 69
*67
68
*67
68
*67% 63%
68
69 h
a 69
69 3e
2,80u 6 6 % A pr30 73 % F e b 20 52 May 69% Dec
Do 1st p re fe rre d ___
5034 61
53% 54%
50% 51
52
53%
62
52°&
5 3 h 54%
a
9,700 43 May 2 56% Jan 12 32 % May 55 Dec
Do 2d preferred.......
222% 224% jA elaw are So H udson___
222 h 224% +220 224
a
3,900 189 May 2 231 J ’nel 2 178% Ma\ 1 0% Oct
222 h 224 h 224 hi 2 2 6 h 224*4 226
a
i
24
i
*525 550
550 550 *550 556 z554% 554% 554 % 554 V *548 554
1,400 437% May 2 560 May24 335 Jan 498 v <jct
X /e la w . Lack. & W est’n.
4 2 7 43
8
4 2 1 42
4
4 2 % 4 3 % D enver & R io Grande___
42 h 43 %
a
42 h 43
a
4,060 36% May 2 51% Jan 26 27% May 39% Dec
42 h 433s
a
85
85 l* 85 % *84% 86
2
85
*84
85 h
a 85
760 83% J ’ly 3 91 % Jan 22 83% Ma\ 91 ‘4 1■'ec
*84h 85h
a
a 85
Do p ref.......................
96
96
96% 18% Detroit U n ited..................
a
a 95
*93% 9 4 hi *93
94 h
a 94 h 95 h
95 h
j
1,833 £90% J ’ly 16 102 Feb 9 76% Jan 96 % Dec
19% 19 % *18
183 19
4
18% 19
18 hi 18%
19
19 Duluth So. Shore Sc A ll..
y 5u 16 J ’ly 13 22% Jan 11 11% May 22% Nov
19*4
08
40
*38
40
39 hi 39 h *37% 40
a
39
39%
39
4038
l,«Oil 32 Apr 28 45 Jan 11 21 May 46% Nov
D o p re f.......................
46% 47
45% 46
4 6 hi 46%
46
46 h2 46 % 47
45% 4 ‘3%
l ^ r i e ...t ............................. 60,090 38% May 2 50% Jan 16 37% May 52% Aug
763 76% *76% 7 7 hi
4
77
77
76 % 76 7
s
76 h 76 h
a
a 76% 77
i,30U 75 May 2 83 Jan 15 74% Mm 85 % Aug
Xh Do 1st p r e f...
693g 69% *68 h 69%
6 8 ha 68 %
69 % 69%
*6 8 h 6 9 h
a
69% 69 h
a
>
400 62% A pr 27 76% Jan 16 55% Jan 78% Aug
Do 2d pref.................
*65
75
*65
75
*65
75
*65
75
*65
75
"65
'a5 Evausv. Sc Terre H aute..
70 Sep r 76 Jan 2 63 J ’ly 75 Aug
/
*85
95
*85
96
"85
95
*85
95
*85
95
89
89
300 80 J ’ly 13 94 Aug 2 85 Nov 96 -vug
D o prer.......................
332 335% 329 333
331 335
333 % 336 h Great N orthern, pref....... 38,450 2 /5 May 2 348 F eb 9 236 Jan 335 Apr
a
333% 338 hi 333 337
86 May 12
83 Felj 90 J an
19
19 *0
19% 193s
10 16 J ’ly 12 23% Jan 19- 17 Ma\
*47
49
49
49
49
49
"45 h 49
a
483 48% *45% 49
4
800 33% Jan 19 53 A u g l4 15 Apr 38 V Dpc
O 'a v a n a E le ctric............
*......... 90
*85
90
89
89
*80
90 XJLd o p ref....................
....... 90
89
89
3 90 77% Jan 15 97% May 8 ! 50 J ’nt 82 Dec
*.........128
110 130 +110 130 *110 130 * ........ 12 i
+.........117
113% Feb i* 135 A pr 24 8 6 % .Tan 121 % Dee
94
94
*94% 96
*93% 94% *93*8 94 h
200 93 May 2 99% .hue 1! 90 Jan y ? ,; . '- v
a 9 3 5q 93-8 *93& 95
e
Do p re f.......................
173 175 h 174% 174 h $174 i 7 4 % *173 174ha 174*4 174V 173 V 174
e
a
1,700 164 May 2 I 8 4 % j’ne 7i 152% Jan 183 Sep
J llinois Central...............
36
36 % 36% 36%
s
3 5 % 3 6 V A n ter b or 0 -M etr op oi itan
36
37
5,889 33% J ’ne27 55% MaylU;
36
36 h
a 35 ‘ 36%
7 0 % 76%
75% 76
7 5 7 76
a
76
77
753 76 h
4
a 75% 75%
2,750 70% J ’ly 3 87% MaylO;
Do p r e f ..........k.......
31 % 31 %
31
31 l4
30
30%
30 h 30%
a
31
31 % Iow a c e n tr a l....................
3 0 h 31%
a
4,800 24 J ’ly 12 34% Jan 12 24 Mav 32 Feb
50
51
a
5 2 34 53 h
a 52 h 53%
53
53%
49 h 49 h
a
.
51 hi 5 * E
3
5,200 48 J ’ly 17 63% Jan 13! 50 May 61 Dec
Do p ref.......................
o
*62
75
. i
*62% 75
100 52 Mar 7 76 J ’ n p C 09 L Mav
"78
79
*78
79
*78
79
79
79 X\_C.Ft.S.<fcM.,tr. cts. pf<.
*78
79
200 79 o c t 6 84 % Feb ( 81% J’ne 87 Get
*27
23%
26 7 27%
9
28
28 h
a 28% 28 h
a 28
28 > Kansas City Southern ...
*
5,900 2 2 -8 J ’ly 2 3 7 % Jan 5 1 22 % .Mai 3 6 ^‘ec
273 28
4
59%
*5718 58%
58
5838 59 h
a 59
57 h 57 h
a
a 58
59 h
a 59
4,700 49 J ’ly 12 71 Jan 5 52 Jan 70 Feb
Do p i e f .......................
2
*31
33
3 2 ha 3 2 h *31
a
34 h *31
a
34% *31
35
200 ‘ 7%.J’ly 3 44% Jan 12 28% J’ne 47 V Dec
34 h "31
a
1 ake E rie Sc W estern ...
*75
80
*75
80
75 Sep 25 $92 32Jan '-5 91 J’ne 106 Mar
*76
80
*7 6
80
*75
80
*75
80 X-i Do p ref.......................
<
*64
70
*64
70
64 Sep 12 81% Jan 16 50% May 73 % Nov
*63
70
*64
70
*64
70
*63
68
Long Islan d.......................
4
4
146% 14 7
146 147% L ou isville & N ash ville...
7,700 136 ^ May 2 156% Jan 19: £134% Jan 157% c>op
147 h2148 h 147 ha 148% 146 '-a 1473 146 147
a
145 145
145 145 *144 147 *144 148 +144 148 *144 147
500 140 Sen 25 162 Jan 36 161 May 175 Feb
M anhattan Elevated...
65 Feb 2 c s 75 % May 11 j 6 8 % Nov 91 Mar
ib5% 10d% *103 105 h *104 1.10 *104 106 *104 110 +104 108 M etropolitan Street........
200 103 J ’ly 12 137 J a n l 6 |114 May 133 Aug
a
203 21
4
2 1 78 2 2 %
2 1 % 2 2 % 2 1 ha 22 %
22
2 2 % M exican Central............... 17,300 18% May 2 36% Jan 19 18% Ma> 26 -Mar
2 1 hl 2 L%
18 a 200
140 Mar 19 200 j ’jv l7 ! §130 J ’ne 155 - '" g
*185 200 *185 200 *185 200 +185 200 ♦185 200 M ichigan Central....... .
75
73 % 7 3 h
a 73% 74
74
74
7 4 % 7 4 %1 inneapolis Sc St. Louis.
1,100 ££ A.ug 3 84% Jan 11 56% Jan 84% o c t
7 4 "a <4 h
a 75
M
98
98
♦96
99 h
a 98
*96
99 h
a 98
98
400 90 Apr 2 / 100% Jan 3 86 Jan 106 Oct
97 ha 97 h
a 98
Do p ref.......................
149 158 *149 151 *149 151
149% 152 h 152 h 152 h *151 154 ! Minn. S.~P. & S. S. Marie.
a
a
a
478 141% Jan 4 164 Mar24 89% Jan 145 Dec
165 hs 169 *2*165 h 170h 109% 169 h *165 h 169 h +166% 169 h + 165 % 169%
<
a
a
a
a
209 163 % A pr 30 183% Jan 11 148 Jar 173 Dec
a
a
Do p re f.......................
36% 36%
37 %
a
36
37 Mo. Kansas & T exas....... 32,000 29 May 2 40% Jan 13 24 Ma) 35 % Nov
36% 363e 36
36 h 37h
a
a 36 h 37
* 693 70%
4
70% 71
71
71
70 h 70 V *70% 71%
a
7l
71%
1,500 64% Apr 27 74% Jan 18j 56% Mav ! 7 3 A ug
Do p ref.......................
98%
9 5 h 96ha
a
97% 98 h
a 98
96% 97%
97
97 7s
98
98 % ?dissouri P acific............... 51 ,uOo 80 % May 2 106% Jan 20 94:% May 11U A M,,i
+140 142
140 142 *140 142 *140 14 i
200 133 May 3 149% ja n 12 137 Jan 158 Apr
140 n o %
ash. Chatt. Sc St. Louis
49*4 50%
49 3 49%
4
48 % 49%
50% 61
50% 51
49% 50
at.of M ex, non-cum .pl 16,290 36 Apr2"J o i O ct - 33% Ma) 45 Jan
*22
v3hj
25
25
*24% 25
24
24 l4 25
25
25
25
1,300 18% J ’neib 2o o c t
17% J ’nej 24 % J a u
Do 2d p re f..................
32 '8 j ’n elb 36 % sep 1‘ ’
*36
38
80 % Sep ^ 83 Aug 4 .................
*80
83
139 h 14b h 139*8 140
a
a
138 139 h 138% 140% N. Y. Central Sc H udson..
i
4
9,u5u 127% J ’ly 2 lo b % Jan 8 136% May: 16 Dq - : ;<
ia y x 1 3 9 ^ 1383 i4 0
4
67
67
67
67
67
68
67
67 %
66 h 66%
a
67% 67% N. Y . Cliic. & St. L o u is...
4,590 o9 M ar 5 73 V A p r i l 42 Jau /0 '4 - ’ ' v
'
n i4
120
111 A p r l4 120 -g Jan 27 114 J ’ iy j 122 l«, . an
)
112 120 *112 120 *112 12o *114 120
*114 120
Do 1st p ref__
"85
90
*86
90
*85
90
500 80 May 3 91% Jan 9 74 Ma) 95 Dec
*85
89
85
85%
8 6 1 87
4
Do 2d p re f.................
188 194 §192% 192% 192 gl92»4 $192 hi 192 h *192% 194 *196 194 N. Y . N. H aven Sc H artf.
a
10^ 190 J ’ly l o 2 0 4 ’8 Jau 10' §191% Dec §2L6 Sep
47% 48%
47 7 49
8
48% 48 %
6,700 43% May 2 0 / % j an 2 1 40% Jan 64 Mac
48 h 49 *8 48 ;> 48%
a
8
47% 4S N. Y. Ontario & Western.
96
96%
9 6-4 97
95% 97
97%
96
96% N orfolk Sc W estern .......... 16,700 31 F e b 2 c 9 ^ s Oct f 76 Ma’ 88 % Mar
96% 97 h
a 97
90
*90
91 h *9o
a
91
91
*9 u3 91 ^
4
90% 903 §90
4
91%
220 89% A pr 12 96 Jan 6 91% Feb, 96 Aug
Do adjustm ent pref.
213 215% 2 1 4 1 216ha 213 % 217 % 214 216ha 212 215% 2 Lo% 216% N orthern P acific............. 60,300 LC9% May 2 232 >2 i'e b 14 165 Apr 216 V Aug
4
4,009 1.03 Jan 10 112 J ’ue 5 78 % J an 109 % Oct
a
132 134 % 130 132 h *130 133 *130 133
a
130 5s 130% 131 h 134
(pacific Coast Co.............
195 Jan 5 106 Jan 29 100 Jan 1108 Feb
100 108 *100 108 *100 108 *100 108 * 100 108 *100 108 A Do 1st p re f.......
124 130 *124 130
127 127 +125 130 *125 130 "124 130
10U lOo % Jan 10 135 May 8 85 J a n ! 109 Oct
Do 2d pref.................
140% 141% 140% 141% Pennsylvania..................... 96,044 l ^ J - l y 2 147% Jan 23 131% Mayj 148 A u g
140h21 4 13 141 142
4
141*4 1423s 141 hi 142
"38
44
____ 33 Apr 28 46 v Jan i 0 27 J a n ; 48% Apr
*87
43
"38
44
*39
43
*38
44
*38
43 Peoria Sc Eastern.............
*82
85% *84
85 h *84% 85 Pitt9b. Cin. Chic. Sc SL L
a
85 h
a 84 % 84% *84
lo o ho May 2 87 Jan 24 70 Ma\ 187% Mar
85 h *84
a
100 May 4 lb 9 A uglbj 105 Feb 112 .Mar
105 112
*106 111 *106 112 *106 112 *105 112 *105 109
D o p ref............... ........
1463s 151% 150% 154
152 *4 155% 150% 154% 150% 152% 151% 154
r> ea-ding........................... 1,643,060 Ll2 May 2 £164 J an 23 £79 Jan 143% N ov
90
yo
"88
90
"88
90
"89
90
90
90
50u 89 Sep 2c 96 Jan 221 90 Ma' 97 M‘ ji
*87
90 X A ls t p r e f .........................
*95
97 h *95 100
a
99 h 100
a
98 h 99 V *97 % 99
a
1,400 90 Apr3u 102 Jan 20 84 Jan 101 Nov
*95
99%
2d p r e f .........................
29% 29%
2 6 58 2 7-& 273 28%
4
29% 29% Rock Island Company___ 235,800 22 % J ’ly 13 30% Oct 3 2 L% Dec 3 7 % J an
29%j 303s
28 h 29%
a
66
66%
66 hi 67
68
68%
67
68
673 69%
4
67% 68%
Do p ref....................... 10,1UO 6 0 J -iy 2 69% Aug20 60% Nov 85 Jan
*66
70
69
69
290 60 Fei) 26 72% A pr 3 67 Dec 81% Mar
*65
70
*65
70
*68
70
69
69 St. L. ScS. Fr., 1st p re f___
44% 46
49
49% *47
a
46
49
49
49
49 3e 48 h 50
Do 2d p re f................. lO.vOO 40% J ’ly 17 o l% Feb 6 45 Dec 73 % M ar
*24
25
4,700 20% May 2 27 % Jan 19 20 May 27 % J aji
25
26 % 26 h 2 6 7
26 l4 *24
26
a
& 26
* 24 -% 26 St. Louis Southw estern..
57
58
1,600 483^ May 2 68% Sep lo: 55 Nov> 66% A pr
61% 63
63
63
62 h 62 7 * 61
a
s
*57 h 62 h "58
a
a
Do pref.......................
9 5 h 9 6 1 o>92% 93%
a
4
93
93 7
8 93 h 95%
a
94% 95%
9 4 % 9 5 % Southern Pacific C o........ 363,350 61 May 2 97 Sep 21: 57% Mav 72% Keb
655 146 J ’ly 2 1 2 0 % j’ne 6 115% Jaii 12 2 % Dec
a
i
117*4 117 h 117 h 117 h 118 118
a
118 118 h *118 118% +118 118%
a
Do pref.........................
35 3 36
4
3 6 % 36
35% 36%
J ’l y l ‘2 43% Jan 26 28 May 3 8 Sep
36 h 37
a
36% 371s 36
36% Southernv.tr. cfs. stmpeu 24,210
500 96 Oct 3 103 Jan 16 95 A pr 102 % Sen
*97
97 h *96 h 97 l4 "96ha 9 7 h
a
96 3
4
96% 96 h *96% 97
a
Do pref.
do
a
a 96
37
38%
38% 39%
40*8
39 l4 40
39
39% P ex a s Sc P a c ific ............ 95,400 28 May 2 40% Oct 2 ! 29% Apr 4 L Mar
S81 393s 39
*
124 127 *124 127
200 123 AuglO rl39% Jan 17 120 Dec 14 L l>ec
125 125 *125 127
124% 124% +124% 127 % JLhird A v en u e (N. Y .)...
* 31
3 2 *4 *31
200 29% A pr 23 36 Jan 22 22% J a n , 37 % A pr
32%
32 h *31% 31% *31% 3 1 % '.Toledo Railw ays So Light
a
31 h 31 h *31
a
a
L
7,150 25% J ’ly ' 40 V Jan I9j 34 % May 45^4 Apr
*33
34
34
34
34
34%
35
35%
35
38 Pol. St. L. Sc W . v. tr. ctfs
34% 35x
4
.5 Al»C
6,5 10 43 P ly 13 59% Janl9| 51% Jan H
5 3 3 54%
4
4
Do pref. vot. tr. ctfs.
54
551
4 54ha 65%
55
57 %
>
54% 54 h
a 54 * 54%
BANKS AND TRUST COMPANIES—BROKERS’ QUOTATIONS
B i d asic
Bid Ask
Bid As k
Bid A s k
Banks
Banks
Banks.
Banks
Bid A s k I
Banks
1 Tmp Sc Trad. 540 560
P a c ific !}....... ........ 250
C h em ical___ 4100 4250 F ifth .............. 340
M etropolis 7 - 400 450
1
NEW YOK.K
M etropoii’ nH 160 170
P a rk .............. 465 199
145 155
Citizens’ Ctrl 140 148
F ir s t..
680 700 ! Tnterborol;
Mt M orrisl;.. 230 240
People’ sll___ 300 ........
C i t y .............. 1275
240 250
A e tn a ............ 205 215
N ight & Day
500 | Irving
M utuaili....... 300
P h e n ix ......... 190 200
A m erica l!
14 th Street^ 2‘75
Coal Sc Iron . 250
195 24 5
520 540
Nassaui] ___ 202 212
Plazalj.......... 560 ,58iJ
Colonial . . . 600
500 520
A m er E xeli.. 252 258
Fourth .
210 216 i Liberty
Prod Exchi] - 170 1180
A s t o r ............ 650 750
Columbia 1 .. 425
j
Gallatin ..
375 400 |Lincoln ___ 1500 1700 N ew Am ster 200 215
N ew Y ork Co 1200
Riverside!] .. 250 280
C om m erce... 1187 1188 G a rfield .......
Battery Park 125 135
600 1 Manhattan^. 290 310
I
Seaboard ___ 3Go ‘390
N Y N at E x. 200 205
Consolidated 160 165
German Ami'! 150 160 | arket &FoJ 265 275
B ow ery 7 ___ 320 335
M
N ew Y o r k ... 305 310
S e c o n d ......... 700 !____
C’ ruE xchgel 3 70 380
B a tch ’ s & i>i ICO 170
German Ex^ 410
i M echanics’ . 240 250
........
S ta te!!.......... 2000 1
36->
Century ___ 175 LS5
Discount^!... 150
Germ an i all .. 500
j M ech Sc Tral 162 V ____ 19th Ward*,;.
.......
34tli S treet.. 205
N orth A m er. 265 275
C h a s e .......... 700
Last R iver.. 150 160
G reenw ich ii 290 305
M ercantile .. 245 2oo
......
12th Ward!]. 350
N orth ern ___ 160 170
C h ath am ___ 295 310
Hamilton 1 .. 235
1
Fidelity'll___ 200
Merch Exeli. 170 180
23d W ard! .. 190 ;____
Oriental^___ 260 270
Fifth A v e r .. 3800 4200 H anover....... 500 515 1 M erchants’ .. 160
Chelsea K\cT 180 —
" Bid and asked prices; no sales w ere made on this day. § Less than 100 shares. ? Ex-rights, if State banks, a Ex-dividend and rights. 0 N ew stock,
t Bade at Stock E xchange or at auction this week, sTrust Co. certificates.
h A ssessm ent paid, n Sold at private sale at this price.
R anks
Bid
Ask
New York Stock Record— Concluded—
Oct. 6 1906.]
.N
O1 UCJx - H l U H L b l A A D L O W L S I s A L i1 i A 1 CA
’
M o n o ay 1 Tuesday
Wednesday 1 2 foursday
Lridcty
Saturoa*.
Oct 4
Got 0
Oct 2
Oct 3
Sept 29
Oct 1
■vi'Oi K >
1 N E W Y O RK STOCK
EXCHANGE
Page 2
sate6 0
the
Week
Shares
' 9f)
luC JetU ±uUn
foatiye tor l^rev*o\ s
>n oasis of 100-sfoare t t '
o.
Year(1UU5)
Lowest
Highest
Lowest | Highest
2 (h 1084 J ’ly 3 122% Jan 2*2 ! 105 Jan jt?2 4 Apr
116 •1134,114 4 ! 113% 113% 'Tw in City Rapid Transit.
50 § 150 Oc t : §150 Oct 2 j§153% M.i) i 160 i ’ U
150
;
O
Do p ro f........................
185 4 184 4 185 4 ! 1 8 4 4 1 8 7 4 | f nion Pacific................... 499,221 138 4 May 2 146% Sep 1 |ll3 Jan j151 % Dec
i82\» 183% 1834 185 4 1 8 4 4 1 8 6 4
11C 91 4 May • 99 % Jan 2 1 95 4 Nov 101% Feb
_
92
92 4 92 4 *92
V) Do p ref.......................
«y ?
93
93
*91% 924 | *914 924
1,009 50 Apr2( 98 Jan 18 ! 2 1 4 Jau | 92 4 DeC
* 6 6 4 67 4
67
67
67 4 68
*6 6 4 6 7 1
67 4
66
66 4 U n itR y a ln v ’ t of San Fran
106 55 A pr 21 93 4 Jan 17 64 % Jau 94 4 Dec
*73
74
74
734
73
73
Do p rof........................
•7b
7 3 4 *73
7 3 4 *73
T* v S 6 \ ,>
I
v
84 c, a pi 19
l_JllLll.il
V O1 LU1* |'l V
H / J 1
i
i ,301 13% P ly 12 2 6 4 Jan 24 17 4 Mft) 24 % Sep
19% 20
2 0 4 204
20
20 4
19% 20 4
‘. 0 % 2 0 4 \\/ a has it...........................
* 1 9 4 20
5,100 4 0 4 9 an 3 53% Feb 27 37 Ma> 48 Feb
44*4 45
44 4i 44 4
45
4 5 4 ’ 7 Do p rof......................
444
44
4 4 4 15
43% 43%
•34
40
. . . . . . 3 J 3 an 3 44 4 J'ne 4 27 Nov 30 Dec
40
*34
40 W estern M aryland..........
* 3 6 4 39 4 *34
• 364 3 7 4 * 3 6 4 40
5,50c 16 A pr 28 21% Feb 6 15 Ma\ 19% Mar
18
184
1S4
1 8 4 184
-I S
ISC *18
1 8 4 184 •184 184 W heeling iM Lake E rie ...
200 36 .May 2 4 8 4 Feb 6 36 May 48 Feb
*39
42
•a9
42
*39
41
3 9 4 40
*39
41
*39
41
Do l s t p r e i .................
1.6ui 22 A p r 27 2 9 4 Feb 6 20 May j 28 4 Mar
23
23 4
2 3 4 24 4
2 3 4 23 4
Do 2d » r e f .................
2 3 4 23%
22 4 2 2 4 *22 4 23
27
274
27
27 4
27
28
2 7 4 27 4 W isconsin Central............ 10,465 23 May 2 33 Jan 17 20 Apr j 33 4 Aug
24
2 54
25 4 2 6 4
57
57
00
57
60
564 57
51
5 6 4 58%
49 4 514
Do p re f....................... 11,587 44 J ’ly 2 64 Jan 15 45 Jan 6 4 4 Oct
1
In d u stria l tfc iU isccll
. . . . . . §240 J ’n el4 §300 Aug 27 §236 Jan §250 Feb
*275 310 *275 310 •275 310 •275 310 *275 305 *275 305
\ dams E xpress.............
1,700 16 J ’ly 3 27% Jan 24 13 May 24 4 Deo
17
174 •164 174
17% 1 7 4
1 6 4 17 4
10T 17 4 i*- llis-C halm ers..............
&
17% 174
500 40 Sep 22 67 Jan ‘24 46 4
4 4 4 *43
43
68 Feb
44 4
44
444
*41
Do p re f.... .................
43
4 3 4 *42
*40
44
110 111% 1 1 1 4 113
1 1 2 4 1134 112 113 4 112 1134 1 1 341 15 Am algam atedCopper....... 380,57 0 92% J ’ly 13 118*1 Fe> 13 7»j Jan 111% Deo
3,50c 20 J ’ly 3 34 % Jan 2 . 20 Jan 29% Apr
264
26
27*4
2 6 4 274 *26
*25
264
26 4 264 *25
27 4 .-Ymer A a n cu lt Chemical.
. . . . . . 93 A pr 23 102 Jan 25 89 % Feb 95 Aug
*S7 102
•87 102
*93 102
*97 102
* 8 / 102
Do p ret......................
•S7 102
o*>
1,101 2 0 4 May 2 35 Jan 6 23 Nov 35 Dec
22
22
■21
224
2 1 4 2 1 4 *21
*2 1 4 2 1 4 Am er Beet Sugar.............
21
21%
- . . . . • 84 3 Aug2 / 8 9 4 Jan 8 77 Jan 89 Deo
88
*81
88
88
‘ 81
83
*81
8 2 4 *81
Do p re f.......................
*81
*S 14 88
45 4 46
4 4 4 45*
4 4 4 45 4 American Car tfc Foundry 40,20i 32% J 'ly 13 47 4 Jan 24 31 May 43% A pr
444 454
45 4 4 5 4
45-4 46
1,200 98 4 J ’ly 13 105 Jan 24 £91 % J an L04 4 Apr
100 4 1004 1 0 1 4 1014 *101 102
101 4 102 4
101 101
*10 0 4 1 0 1
Do p ref.......................
3 5 4 36
4,400 28 May 2 44% Jan 11 27% J ’ly 40% Dec
35
35 4 36 4
3 5 % 36
36
36 Am orican Cotton Oil.......
354
•34 4 34%
*93
95
. . . . . . 90%.T’ ne20 95 Jan 10 89% J ’ly 97 Feb
*93
95
*93
95
*93
95
*92 4 95
Do p ref........................
*93
95
29 215 A pr 26 272 Aug 30 §2094 Jail 246 Feb
'245 248 Am erican E xpress............
{2 5 0 4 250% *245 250 *245 2 4 9 4 *245 248 *245 248
890
7% May 2 11% Jan 15
■84
84
*8 4
84
4% Au£ 14 Jan
84
8 4 Am erican Grass T w in e ..
*3
S%
84
S4
-8
9
6 J ’n el3 10 Jan 26
*6 4
6 4 Amer Hide & Leather___
600
*6
64
6
64
6
6
6 J’ ni 11% Dec
64
64
*6
S
26
2b V
o 2 6 4 27 4
550 25 Sep 19 43 Jan 25 29 4 Oct 55 % Mar
27
27
2 6 4 26 4
*25 4 2 8 4
De p re t.......................
*25
27
90
91
2
8S
92
9 z4 924
8 9 4 90
8 9 4 90
Am erican Ic e Securities. 19,999 35% Jan 2 9 4% Sep ‘ 5 24% J ’ly 36 Dec
92
92 4
400 17% May 7 29% Jan 22 15 % J an 23 Dec
20 v *19
19
19
*19
204
19 4 19 4
*1S
19 Americau Linseed............
}19
19
*39
41
100 38% May 4 53% Jan 20 36 JaD 48 4 Apr
41
40
40
*39
41
*39
41
*39
41
Do p ref........................
•33
6,000 53 > May 2 78 4 Jan 4 33 Jan 7 6 4 Dec
4
73*4 74
73% 75
73 4 7-4 Am erican .uocom otive. _.
74
7 44
574
74
73% 74 4
2
200 110 * May 2 120% Jan 16 L03% Jan 122% Apr
112 112
Do p ref........................
{il3
113 *111 112
1 1 2 4 11*34 *112 113
11141124
•4 4
5
4 J ’ne29
*4
•4
4 4 Amer. At alt offs, of dep.
5 % Nov
5
*4
5
6 % A pr 6
5 Dec
•4
5
25 Jan 8 29% Apr 5 24% Dec 26 Nov
*274 28
*27
29
Do pref ct.fs. of dep
*27 4 2 8 4
*27 4 2 8 4 •264 29
*27
30
200 25 Sep 15 54% A p r lo
29
*25
28 Am er Pneum atic serv ice
*2s
ay
29
27
27
* 2 6 4 30
65
60 Aug 7 88% A pr 12
*B22 64
66
*62
64
* 62
do
*64
•62
UiH, - 62
Do prof .
*96
97
300 96 Aug 29 101% Jan 18 97% Sep 102 NoV
97
96
96
*96
97
*96
98
97
*96
97 4 Am er Smelters Sec pref B
153 4 1 5 5
154 154
1o ‘ 1554 Amei\ Sm elt’ g<& K eiin’ g. 51,850 138 4 May 2 174 Jan 18 79% Jan 170% Dec
t
1 5 1 4 15*234 152*4 154 4 1 5 4 4 156
1,200 113% Sep 28 130 Jan 12 i l l % Jan 137 Dec
115*$ i 15 % 115 4 1 1 5 4 1154115*4 1 1 5 4 1 1 0 4 110-4 115%
Do p ref........................
1144 115
......... 200 J ’ ly 6 220 Jan 25 163 May 250 NoV
•200 240 American Snuff.................
*20J 240 *200 240 *200 240 *200 240 *200 240
100 102% May 3 107 Jan 26 99 Jan 110 Dec
*100 4 1 0 5 4 * 1 0 0 1 0 6
*100 ' 105 t
<
2
Do p re f.......................
105 4 105 4 *100 4 105 4 - 1 0 0 4 n o
2,9/5 10 A £r30 15% Jan 17
10*4 104
10 4 1 0 4
10
104
6% J ’ly 18% Mar
10 4 10 v *104 11
1 0 4 1 0 4 Am erican Steel F oundr’ s.
2,000 40 May 2 53% Jan 17 35 % J ’ne 67 4 A pr
44
444
43 4 44
Do p re f........................
4 3 4 43 4
43% ^34
44 4 444
* 4 3 4 46
135% 1364 1354136% 1 3 4 4 1 3 6
134 4 1354 134% 136 Am erican Sugar Jtefinine 16,000 127 4 May 2 157 Jan 8 130 May 154% Dec
1344136
1U0 130 Sep 20 140 Jan 19 133 May 141 Aug
135 135 * 153 13S *133 138 *133 138 *130 136 *132 136
Do p ref........................
200 130 J 'ly 18 144% Jan 19 131 Dec 148 4 Jan
139 4 139% *139 140 *137 140 *lJt3 137 Amer. Telepli. < T e le g ...
fc
•137 139
*13S 140
99
1,969 96 J ’ly 3 109 Jan 22 91% Jan 109% Dec
99
99
99
99
99
99 *
4 99
9 9 4 9 9 4 Amer. Tobac. (new ), pref.
99 4 9 9 4
2,0/5 32 J ’ne30 48 Jan 6 20% Jan 47 % Nov
364 364
36% 3 7 4
37
37
*36
37 Am erican W oolen ............
37
374
*36
36%
610 101 J ’ly 13 1 1 0 % Jan 24 93 Jan 108 4 Mar
Do p re f........................
1 0 3 4 1 0 3 4 1 0 3 4 1 0 3 4 103 103 *102% 103 4 *102 4 1034 1 034 1034
282 285 4 283 4 286% 283 284*4 282 4 285 x _76 4 2 8 1 4 Anaconda C opper.............. 70,490 223 4 May 4 300 F e b io 1004 May 295 Dec
2 6 1 4 282
. . . . . . 115 A u g 29 178 Jan ^3 175 Dec £215 Feb
•1*20 130 *120 130 •120 130 *120 130 *120 130 •120 130
O rook ly n Union Gas___
300 13 % J ’ly 9 21% A p rl4
10% Jan 22 4 Deo
4
1 6 4 1 6 4 * 1 5 4 164 *15% 164 O ru n sw . Dock<fc C .Im p’ i
154 1 54 *153 1 6 4
•15% 17
25 40 A p r lb VO May 9 50 Dec 60% Jan
57
*51
57
{50
55 B u tten ck Co......................
*51
57
*51
*51
57
* 5 2 4 57
3,700 3 4 4 J ’iy 3 49% Jan 24 1 40 Sep 47% Oct
334 384
3 3 4 39
3S% 3 S 4
384 384
38
384
3 8 4 3 3 4 ( 'tentral L e a th e r ............
510 100 J ’ly 3 Lo74 Jan 24 102 4 N ov 105% N ov
*102 1034 1 0 2 4 1024 *102 103 4 *102 1034 103 103 Vj Do p re f......................
534 554
5 4 7 67%
s
55 4 57*o Colorado^Fuel So Ir o n ___ 52,806 40 % May 2 83% Jan 26| 38 May 59 Mar
55
56
5 4 4 55 4
5 3 4 54 4
85 J ’ne‘29 112 4 Jan 29 80 Aug 105 Mar
*78 100
*78 100
*85 100
*78 1U0
*78 100
Do p r e f...
*79 100
1,400 17 May 2 26 % Jan 31 11% May 20 Dec
IS
1 8 4 * 1 7 4 1 8 4 * 1 7 4 IS
1 7 4 18 Col. So H ock. Coal < Iron.
fc
1 7 4 18% *1 8 4 1 8 4
500 130% A pr 27 181% Jan 23 175 N ot 214 Mar
*138 139 *13S 139
1 3 8 4 1 3 8 4 *1 3 8 4 1 4 0
138 138 Consolidated Gas (N . Y .).
133 138
3,533 18% J ’jy 13 28 A pr 4
20 4 2 0 7 *20 4 2 07
g
* 2 0 4 204
s
20 4 204 Corn Products B e fg ........
20 4 204
20®a 20 4
225 74 4 May 2 85% A pr 2
*75
77
77
* 75
78
Do p ref............ ~ ........
*76
77 4
76 4 76 4 *75
71
6 9 4 7 0 4 Distillers Securit’ s Corp. 2 6,615 51 Jan 30 74% Sep 2o £34% Jan 54% Dec
714
69 " 70 4
69
70 4
7 0 '8 71
69
704
*
*
81% Jan 3 87 % Jan 19 76 May 89 4 Feb
so
*........ cO * ........ 80 *
* ........ fcO
80
Electric Storage Battery.
50 138 Jan 4 199 Jan 22 60 Jan 145 Nov
*153 169
*155 1694 *155 169% * 1 5 5 4 1 6 9 4 ■155 1694 §165 16& Federal M ining & Smeltrg
80 0 91 J ’ly 3 ll2 % Jan 32 75 Jan 110 4 Nov
Do pref.......................
93
94 4
93 4
9 2 4 92 4
93 4 93 4 *92
92 4 937 ■93 4 9 4 4
8
7,100 160% J ’ly 13 181 % j an 9 169 May 192 Mar
165 4 1654 1 6 6 4 I 6 6 4 167 167
1 6 4 4 165
16 6 1714 General E lectric...............
166 167
16 4 Sep 1j 26% Jan 15 18% J’nt 25 % Dec
90
•17*4 18
173 17% * 1 7 4 IS
4
*17 4 17% I nternational P aper.......
1 7 4 IS
1 7 4 174
1,700 80 % Sep - - 90 Jan 13; 76% Feb 88 % Dec
•SO
82
*80
82
81 % 82 4
82 4 82% i Do pret........................
82 4 82 4 •81
82 4
48 Sep i.* x9o Jan 29 48 Oct 100 Feb
*48 4 50 4 *48 4 504 * 4 8 4 50 4 International Pow er.
*47
5 0 4 *48 4 5 0 1 * 4 8 4 50
2,000 28 Jan 15 60 May 8 26 Dec 40% Feb
*45
47
4S " *47
474 47% Internat Steam P u m p ___
47
4S
*46
48
47
47 4
500 79 Jan 11 92 M ayl4 7 8 4 May 83 % Apr
•82 4 85
Do p ref........................
S4
84
83 4 83 4 *83
84
8 2 4 S4
83 4 83 4
7,30e 54% J ’ly 6 84% Sep 27 10 Jan 63 De^
S2
S3 4
81
83
814 814
78
81
784 80 4 K nickerbocker Ice( Chic;
8 2 4 83
4,200 62 May 2 71% Feb 0 5 2 Aug 69 4 Dec
Vf ational B iscu it............
* 67*4 684
6 74 6 8 4
6 8 4 68 4
67 4 674
6 8 4 684 ‘ 684 69
iA Do pret.......................
*116 n o
50 113 Jan 5 118% Feb 10; L10 Aug 120% Mar
*116 119
*116 119 •116 4 119 51184 U S 4 *116 119
900 12 May
18 4 Jan 15 11 Aug 31 % A p
14
1 4 4 Nat Enamenngcfc Stainp’ g
* 1 4 4 15
*14 4 1 4 4
1 4 4 147e
* 1 4 4 15
144 1 4 4
82 Sep 17 88 4 M ar b 80 Aug 94 A pr
*81
87
Do p re f.............
*81
87
*82
87
8s
*82
88
*81
87
78
78%
793,
78
78
784
7 7 4 78 National Lead.................... 39,150 66 May 2 95% Jan 19j 24% JarT 89 4 Dec
78
79 4
7 7 4 78
■ 1014102 4 *10 1 4 102 4 1 0 1 4 1 0 1 4 <1014 1 0 24 102 102 *102 102 4
200 100 % J ’ ne 7 106% Jan 2 . 97% Jan 115 4 Dec
Do p re f.......................
140 142 New Y ork A ir B rake___
4,000 133 J ’lyl'-^ 163% Jan 5 140 May 168% Nov
•1434 147 Z 144 4 144 • *141 145
140 4 142
»
140 141
91 4 92
*.■2
93 North Am erican Co., new
1,450 91 Sep 11 107 Jan 12 95% Nov 107 Apr
92 4 92 4
9 2 4 934
92 4 93
9 1 4 93
37 4 37 4 *87 4 38
2,60b 28% J ’ne'29 5 1 4 Jan 19 33 Maj 53% Dec
3t
3 t4 IJaciiic M ail......................
3 / 4 3 >4
38
38 4
36 4 37 4
1,730 88 J 'l y i a 103 Jan 2 97% May 115 4 Apr
8 6 4 884
8 8 4 89 4 t eop. Gas-L.& C. (Chic.)
8 8 4 8 8 4 * 8 8 4 8 9 4 * 8 3 4 8 9 4 *88 4 89 4
*14
15
200 13 4 May 2 17% Mar31 12 > J ’ly 21 May
•14
15
14
14
144 1 4 4 Pittsburgh Coal Co..........
*14
15
■ 134 144
8
Do p re f......................
* 5 3 4 55
Dl
200 50 J ’iy 3 62 4 Jan. 19 45 4 J ’ly 80% May
*53
*53
57
03
53
54 -2 5 4 4
*52
57
64% Jan 24 33 4 J an 58% Dec
7,635 43 May
54**j 54 4
54
554
534 54 Pressed Steel Car..............
5 1 4 54 4
53 4 544
6 3 4 53 4
95 May 2 105 Feb 1 87 Feb 101 4 Oct
Do o r e f.......................
* 9 7 4 98
98
97 4 97 4
*9 7 4 9 8 4
98
9 7 4 974 *97
260 260
256 260 Pullman Company............
260 26 L {262 262
258 258 *225 230
4,516 218 J ’ly 9 268 Sep 25 230 May 258 Aug
50 4 56
56
56
L>ailway Steel S p rin g...
1,100 44 May 2 62% Jan 15 30 May 63 4 Dec
56
•54
064
55
55 4
55
5 6 4 *55
100 lo o
97% J ’ly 15 L07 Jan 24 93 Jau 106 Nov
’ 100 102
TV/Do pref.......................
10
*984102
*100 102
*99 4 1 0 2 ■100 102
37
o7x
M
38
38 % Republic Iron & S te e l..
10,340 2 2 4 . ay 2 40% Sep 19 15 .1an 36 % Dec
38
384
37 4 384
38
384
38
384
*97
98
99
Do p ref....................
98% 99
2,300 91 May 2 l i b 4 Jan y 67 Jan 108 Dec
98 4 99
*98
99
98
*98
99
*7 3 4 74 4
(.
3,600 6 8 4 J’ ly 13 97 4 Jan 12 60 Jan 118 4 Feb
734 i3 *
73 ^2 75
74
744 *73
73 4 754 ^loss-Shellield St. So Iron
73 4
*104 4 lu6
50 106 J ’ly 6 L13 A pr 3! LO
O Jan 130 Feb
<1014 11L
{105 4 10 5 4 *1044 110 ’ 1044 HO *10441 10
•155 164 *155 159
155 155 *154 180 *159 160 ’ i 5 l 160 Tenn. Coal, Iron So H it...
150 129 Jan 2 £165 Jan 12 68 Jan 148 Dec
*e0
b3
*80
85
85
85% Texaa Pacific Land Trust
1,200 60 May 2 8 6 4 .J’ ne 9 37 4 Jan 66 Dec
8 4 4 *80
84 4 •81
*81
85
•6
6 l*
j ] nion Bag 6c Paper.......
5 4 Sep 7 15 4 Jan 19
6
64
§5% 5 7
g
6
6
979
8% J’ ne 15 4 Oct
VJ Do p re l.........____
*
265 54 Sep 7 84 Jau 18 68 v Jan 82% Dec
47^ 484
49
49 4 U. S. Cast I. Pipe So Foun. 13,500 43 4 May 2 53 Jan 17 19% Jan 43 4 Dec
49 4 50 4 1 4 9 4 50
4 6 4 494
484 494
HI
*90
914
Do p ref...................
92
92 1 90
90
1,10 c 90 J ly 3 96% Jan 24, 79% Jan 9 7% Apr
92 4
90 4 90 4 *90 4 92
•130 135 * 130 135
109 May 1 138 >2 Jau 26 §110 Dec 134 Feb
* 1 0 133 |
•130 133 United States E x p ress...
*130 133 *130 133
75 A u glb 94 4 Jan 20) 77 Jan 9 8 4 Mar
*76
fcO
80
*76
80 U S Realty & iw p ro v e 'm
*77
*77
80
*77
80
*70
80
*32
37
35
*31
35 | * 3 1 4 37
3 5 4 36 U S Reduction So Itefin’g
400 24 Mar J 40% j ’ne 5 18 Feb 4 0 4 A pr
*32
37
Do prer....................
•704 74*4 *704 7 44 '7 0 4 744 *70 4 744 *704 744
73
73
100 60 Mar 2 2 8 i J'ne 6 35 Jan 73 4 Aug
57
57%
574 5 9 4
56 \ 59 4
54
57 4
48 4 4 9 4 United States R u bber...
61,550 38 J ’ ly 13 59 4 Oct 2 33% J an 58 % Sep
49 4 52
110 110 4 110 4 1 1 0 4 1104 H i
Do 1st pref.......
no
1 1 0 4 1U64 1094 110 110 %
2,900 tlOl% J ’ly 13 r l l 5 Jan 15 98% Jan 118 4 A pr
•78
SO
Do
2d p r e f ............
eO
so
80
80
*78
80
7 9 4 80
*78
80
800 75 May 2 £87 % Jan 15 75 N on .83% Dec
4 5 4 43 4
454 47
49 United States Steel........ 343,720 32% J’ ly 13 49 Oct 5 24% M aj 43 4 Dec
4 6 7 47 4 , 4678 474
8
46% 47 4* 47
lUo 1064 106 107
L07 Dec
D > pret.................
<
76,600 98% J ’ly 3 U 3% Jan 2u 90% May |
1 0 6 4 io7 4 ] 1064 1074 1 0 6 4 1074, 106% 107 V
•38
41
40 |
Virginia-Carolina Chein..
39 4 40
2,uOU 31 J ’ly 3 58 Jan 2 28% Sep 53% Dec
40
40 4 1 *38*«i 40
38 4 39 1 33
Do pref...............
•108 1114 *105 1114 *106 110 '107 1094 *107 1094 *106 4 109 4
104 J ’ly 3 117% Jan 2 103% May; 118% Dec
* 52
‘ 5 1 4 a3
53
52
52 %
1,400 38 May 2 57 4 Sep 17 36 J ’ne 52 4 Feb
5 2 4 53
50 4 52 Virginia Iron Coal & C-.
51
524
*200 295 *290 296 *290 296 , •290 297 *290 300 *290 300 1W J ©Ra Fargo & C o.......
233 Mar 2 3 301 Aug22i §228 4 Dec 260 Feb
86
86
8 6 4 86 a
36 4 87
87
87
est’ n Union T ele’ gph
86 4 86 4 *86 4 87 1
894 86 Sep 21 91 % Jan 26 92 Jan 95 4 J ’ne
*......... 152 * 115 152 *.........152
* ........ 153
152 152
IVdStfgh’se E lA M fgaasen
♦.........152
100 148 Aug'30 176 Jan 5 152 May 184 Apr
........ 185
185 *........ ISO
Do 1st pref..............
197 Apt
•........ 180 1 •........ 182 1
* ........ 184
180 J ’ ne26l188 Jan 22 187 4 Dec |
114
114
1*1134115
*1134
{1 5 0
184 4
{9 2
•664
*7S
BANKS AND TRUST COMPANIES— BROKERS’ QUOTATIONS
B an k *
Union Exch*
U s Exclude*
V ash. H ’ lita'
V
W est Side* ..
YorkvLlle* ..
Bid A 6k
210 220
125 130
225 . . . . . .
600 . . . . . .
400
BROOKLTN
Boron phT_
_ 160
Broadway* .. 400
Brooklyn* .. 145
—-----:—
...
155
Banks
Bid
A 8k
B KOOKLYN '
First.............
Home Bank‘
Manufactr.s'.
Mechanics*
N assau........
Nat City. _
North Side* .
Prospect Pk*
Terminal ..
Union* ........
1 60
400
290
260
300
39J
150
140
225
305
275
165
236
Trust Cos*
Bid
Trust C o’s
Fifth A v e Tr
F ulton..........
X. Y. C IT Y
Guaranty Tr
Guardian Tr
Bankers’ Tr. 510
H u d s o n .......
Bow l’ gGreeu 1ID UK)
Kmck ’ rb’ k’ r
Broad wayTr. 160 165
Central T r’at 2050 i 150 Law T I <fcTr
Colonial
390 100 l Ia 11coin Tr.
260
Columbia
Man fiat tan .
M ercantile ..
Common w’ tli ............ 83
310
Metropolitan
120
. Em j) ire
Equitable Tr ............ 4 7 5
MortonTrusi
|Farm Ix> < Tr ... 1425 M utnal........
fc
I Bui and Mked pnces; no sales on this day. § L wh than 100 shares.
•Sale at Stock Exchange or at auction this week
A8k
o Ex stock dividend,
I E i ri((liU.
0
Bid
A sk | T rust C o’s J3id A sk
550
Mut. Alliance 205 215
300 980
1010
N Y LifedbTr 990
520
N ew York Tr 715 730
230
StandardTr’ t 410 440
>96
110
u
........ 1 T itleGof So Tr 57 5 165
1200
T r Co
Am . 755
1282
1 nion Trust 1390 ; 1 1 0
6370 385
U S Mtg<fc Tr 130 145
1320
475 495
Unit States .
............ S50
Van X ’denTr 3 2 o " 330
Washington 400
■
’*85
>60
W indsor....... 245
800
120 130
- - ............. ,
—
-------:——
New stock,
s T rust Co. certificates.
c Ex-dividend and rights.
\ Trust C o’s
I
BROOKLYN
Brooklyn Tr
|
Citizens’ .......
Flat b u s h ___
1F ra n k lin ___
Hamilton___
H om e...... .
J e n k iD s.......
|Kings C o ___
L Isi L & Tr.
N assau........
! People’s .......
|WLlliamsb’ r.
Bid 1Ask
400
170
270
325
330
185
200
450
290
265
325
225
425
180
............
350
|350
193
310
350
« ...
Bank* marked with a paragraph (Ti) arc State banka.
New York Stock Exchange—Bond Record. Friday, Weekly and Yearly
OCCUPYING
BONOS
N . Y. STOCK E X C H A N G E
W
eek
E
n d in g
Oct 5
c,
'-oY
r
Cg
•>£
Price
b'riday
Oct 5
Week* 8
Ranye or
Last Sati
o
Range
Since
So
> k January 1
POL'IC
RA<-.fc>
BO N D S
TW
N. Y. STOCK E X C H A N G E i T "
W eek E nding O ct 5
1~
Price
prig ay
Oct 5
Weefc*8
Range or
Last Sale
*
5
C
i
Range
b 1 nee
! January 1
R o Low High
hid
A s k L ovj
Hig h ' N o L o w High,
. . . . 103 J 105 C (Jen U K& B of Ga col t 5s 1937 1- N j ...................... 108% A u p 05 __ I______
8
r
— 103 104 7p Cent of N J gen’ l gold 5s. 1987 J-J 126 % 126% 126 % Sep ’06
125% 132
1023 1037
4
s
R egistered................. /<,19.s7 ! q -J 123*4........ 125 % S e p ’ 06
125% 131%
. . . 10258 104'h
Am Dock < Imp gu 5 s .. 1921 IJ - J , 1 0 8 % ........ i 12 % May 06 . . . . 11 2 % 113
fc
_
Le Jb Hud R gen gu g 5 s 1920 J-J 1 0 4 % .........
102 M ar ’ 06
LeJi <? WYlks B Coal 5 s .. 1912 MrN
£
102 102 %
.... i’03 i03»4
U S 4s r e g iste re d .......
Con ext guar 4^>s___y lO ji' Q-M 100% feale [100% 100% 42 |100 102%
___ 102% 104%
II S 4s c o u p o n .............
N Y < Dong i;r gen g 4 s 1941 LM-S N .........101%
&
.... 1'29 131 % (lent Pacific See So Pacific Co
U S 4s registered........
5 129% 132% Chas & Sav bee A tl Coast Line
2 101% 106*4
101% 101%
108% H I
Clies & Ohio g 6s ser A ..A 1903 A-O ! 1 0 1 % ..
107*4 Sep :06
Gold 6s............................ a l 9 1 1 A -0 i 04 *4........ 1
107 110%
Foreign Govercuncnt
116%
3 116 119%
1st consol g 08 ................. 1939 M-N i 117 ........ 1116
_
97 Sale
97
10(>3 108 96% 101*2
4
Japanese G ovt 6s steiTg.1911 A-0
116 J ’ne’06
R egistered.................... 1939 M-N . . . . . . ..
114*4 116
100 0 101 97 101%
)
2d series 6s.................... 1911 A-O X 97 bale 97
104% 95 103% 109
General gold 4 %s............1992 iW fe ; 104*4 1o4% 104
«91^8
92 161 90*2 95 %
...
£ loon 4 Vs ctls full pd. 1925 F-A t 92 Sale
104 May’06
104 105
Registered.................... 1992 v.-s
l o . % ......... 112 F e b ’06 — ; i i 2 112
89 7s
90 h 196 89% 93%
2d series 4%s ctls full paid. J -J f 90 Sale
Craig Valley i s t g o s ___1946, J-J
82 3
4
8357 82
88
£ loan 4s ctfs full p a id .. 1931 J -J f: 82h SaitR & A Div 1st con g 4 s.. 1989 J-J . ■ ........ 101 % S e p ’ 06 .... 100 1 0 2 %
j
95 100% 96% -Uay‘ o6
R e p u b o f Cuba 5s exten debt.. AI- fe X 103:h Sale 1 0 2 1 0 3 'v 96 101% 108
2d consol g 4s............... 1989 J-J
j 96*4 96%
98% 101 %
U s ot M exico s f g 5s of 1899 Q-J X 97 ........ 98 :i4 Sep ’ 06
113*4 Feb ’ 05
Warm Spr V al 1st g 5 s .. 1941 VI-S
......
J-D
94 Sale
15 92% 96
933
4
94
99% F e b ’ 06
Gold 4s of 1904................ 1954
1 59% 99%
Greenbrier Ry l s t g u g 4s ’46 M-N
78 % fehio
i 8 ‘v
i
7 o % 50 ! 78% 82%
1 7 hese are pr ices o n the i asi* o! $5 to £. Chic & A lt RR ref s 3 s ... 1949 A-G
State S ecurities
78% 80 ! 78%
78% 27 76% 82
Railway 1st lien 3 % s ...l9 5 0 J-J
•'
101 A p r ’ 06 •• • 100% 101
80 ^ May’ 05
Alabama class A 4 to 5 ___ 1901' J-J
Registered.
1950 J-J
1091a Oct ’06
Class B 5s.......................... 1901 J - J
100% Sep ’ 06
Clue Burl & Q— Denv D 4s 1922 F-\ 101
99% 102%
92%
102l2 M ar’02
fllinois Div3%ft
1949 J - J
Class C 4 s.......................... 190C J-J
w a ie :::::: 92%
2 91
95*4
96%
90 Sep ’ 06
Currency funding 4 s___192( J-J H 02 .......... 111 M ar’02
Registered. .................194 9 J-J
90
90
r
1.17% 118
Dist of Colum bia 3‘.65s
1924 F-A 115 ......... 117 t2 j ’ne'Ob
Gold 4s
1949 J - J 103 % 103% <J - ’'b JL03 '> 5fe 101 106*4
j
110*4 Jan ’05
Louisiana new consol 4 s.. 1914 J-J ........ 101 c l 03 \ D e c’ 94
Iow a Div sink fund o s .. 1919 A-O
J-J
L01 ........ c l
J ’l y ’oo
.01 101
1 100 102%
29 ......... 100
100
Sin king fund 4a
1919 A-O
122 J ’ ne’ 06
122 122
102 % 102 %
19 11 A-0
6 102% 107
6s.
N ebraska Extension 4s. 1927 M-N 102% .
120 Alar'oi
J-J
Registered
1927 M-N
104*4 May ’ 06
104*4 104*4
99%
4
LO
O J ’l y ’ 06
Tenn new settlem ent 3 s..l9 1 3 J-J *96 h j........ 963 A ug'06
95*4 96%
Southwestern D iv 4 s ___1921 M-S
98 100
J-J *Q5
95 lj i > • ’ '*4
f *
S m a ll..........................................
Joint bonds See Great North
9 4 V Sep r06 - - 94 % 96%
104 S e p ’ 06
V irginia fund debt 2 -3 s ... 1991 J - J ......... 95
Debenture 5s...................1913 M-N 104
102% 107
26 SiUe
26
27
6 . 20
6s deferred Brown Bros ctls.
29%
<
Hau c% St Jos consol 6S ..1911 J- s 1 0 6 % ........ 1 9% A u g ’06
108*4 11*2*4
95% j iic’06
Chic & E 111 ref So imp g 4s 1955 J - J
94% 96%
R a ilr o a d
2 102% 104%
103
1st s 1 cur 6s...................19u7 j-D 103 Sale 103
labama Cent See So Ry
2 129% 139
1st consol g 6s................. 1934 A-O 129 % Sale 129% 129%
iaba Midi bee A t Coast Lint
General consol 1st o s ___ 1937 M-N 117 120 117 Sep 06 ___ 116% 120
A lbany < Susq bee R eid; Hat.
fe
118% F e b ’ uo
Registered193/ M-N
118% 118%
Allegheny Valley bee Penn Kl114% 118%
Chic So Ind C Ry 1st o s .1936 J-J 114 ........ 115 J ’ l y ’06
A 1 eg So W est bee Buff it So 1
1
Chicago So Erie See Erie
90 Dj
92
4 90
90 Sale
99
Ann A rbor 1st g 4 s.........d!995 Q-J
Chic In So Louisv ref 6 s ... 1947 J-J 125 129 129% A ug’ 06' . . . , 129 *8 137
A-O l o l Sale lUU-8 l d ‘- 38 156 100 104%
A tell T So fe Fe—Gon g 4s. 1995
Refunding gold os.......... 1947 J-J 112 % 1 i 5 114 % J ’ ne’ ot- . . . . 113% 114%
99 v , ........ 102 Sep ’ 06
R egistered........................ 1995 A-O
99% 103%
L ouisv N A So Ch 1st 6s. 1910 J-J 1 0 5 % ....... 105 ^ Sep ’06
105 % 103%
J -D 10a '8 Sale 105 »a 109 2113 100*4 110% Cine M il So St P term g 5s 1914 J-J 1 0 5 % ____ J06
1- 6
Conv g 4 s .......................... 1955
i 106 108%
D>4.38 sale 104:{8 107 82 69 100% 108%
W arrants for 50-yr con v 4 s .. . . . .
General g 4s series A . .€1989 J-J 1U 7 % 108% 108% Sep ’ 06 ... 105% 111
96
97
96 Sep ’ 0,
109 % J ne’ 04
91
97%
A djustm ent g 4 s.......... /till95 No\
Registered.
€1985* Q-J
95 Sep ’05
Registered 1................ A1995 Nov ......... 92
91% .
91%
91% 24 91% 97
G eneralg 3%s series B .€l989 J-J
r
93
93
93 Salt
Stam ped......................./tl995 M-N
« 91
97
Chic So L feu Div g 5s___1921 J-J io n v : : : : : : 115% Oct ’ 05
D ebentures 4s S e r ie s E .1907 F-A
99^8........ 9958 May'U5 . . . .
Chic So Mo R iv D iv o s ... 1926 J-J U '2 % ......... 115% J Tie’ 06
116% 118*4
108 A p r ’06
O
S-'Y, 994j 98-4 A p r’ 06 .... 9^% 98%
Series F ..........................1908 F-A
Chic So Pac Div 6s.......... 1910 J-J 105
107 % 108 %
07
100 n Jan ’06 . . . . 100% 100%
2
J -J 1 i 2 % Sale 112% 112%
S en es G ..... ................... 1901 F-A
i 111*3115
C i li c e P Y I s t g o s ....... 1921
V
953 ........ 99 P Jan ’Oo
4
Sen es H .........................1910 F A
Dak S. Gt, So 5a
r
1916 J - J 1 0 5 % ........ 1 LO J ’ ne’ 06
107% 110%
-i
9 -13a......... 98 A uv’ U
i 37 % J 'i v ’39
Far S. Son aaan g 6a
r
1924 J - J 120% ..
S en es 1...........................1911 F A
F-A
92 5a ......... 97 Oct ’ 04
113 J ’ ne’ 06
Series K ......................... 1913
H ast So D D iv 1st 7s
1910 J-J
111%113
I
95 3 Aug’ Ob
4
106 Aug’ (J4
95% 101%
1st 5s.............................. 1910 J-J 101%
E ast Okla D iv 1st g 4 s..l9 2 £ .V fe
182 % Apr ’06
A tl K n ox & N See L & N
T So D Exten 1st 7s
1908 J-J
182 % 182%
981
4
98 s8 99 93 102%
111% May’ 06
A tlantic Coast 1st g 4S.A1952 M-S
9S38 Sale
BaCrosse So D 1st o s ___1919 J-J 108% ..
L1 1 12113 %
*
4
Charles So Sav 1st g 7 s ..l9 3 t J-J 1493 ........
M ineral Point D iv 5s___1910 J-J 102 ....... lOO-s A p r ’05
e
Sav F i t W 1st go hi 0 s.. 1934 A-O 1263 ........ 1327 Jan ’06
132% 132%
So Minn D iv 1st 6s
1910 J-J 1 0 5 % ........ 105*4 Sep ’06
4
105 lo8 %
4
1st gold 5s..................... 1934 A-O 1L21 ......... 1125s Jan ’04
104% 106%
Southwest D iv 1st 6s___1909 J-J 104 - ........ 1(.’4 % May’06
M-N I l l s ........ 1l 4 5 N ov’05
s
112% A p r ’ 06
Ala Mid 1st gu gold 5s ..1
W is So Minn D iv g 5s___1921 J-J l o y % . . .
132% 115*4
•J-J
92 ......... 99 ^ M ar’ 06
2
106 A u g ‘06
99% 99%
Bruns So Y 1st gu g 4s .. 1
V
M il So N o 1st M L 6 s ....1 9 1 0 J-D 105% . . .
106 108%
92 Sale
92
92*4 30 90
95 %
L < N coll g 4 s .............. ol952 M-N
fc
115 115
1st consol 6s................. 1913 J-D 1 0 9 % ......... 115 F e b ’ 06
96 C ........ 9 7 1 A u g ’06
4
Sil Sp Oca So G gu g 4s .. 19lb J - J
95% 99% Chic S. X orthw cons 7a
r
1915 Q-F 119% 122 120% S e p ’ 06
119% 126
9 9 % ......... 102% J ’ iy ’ 06 __ 102 k 105%
A tlantic So Danv bee South R t
Extension 4 s........ 1886-1926 F-A
j
. 101 J ’ly ’06
A ustin cfe N W see Sou. Faciiu
Re gist ered
1886-1926 F-A ......... ..
L01 102
0 95 100%
J -J
93
OS3 30 92% 97*4
*
95
96
93 h 933
4
95
96
T>alt So Ohio prior 1g 3 % s.l9 2 5
General gold 3%s............ 1987 M-N
Q-J
95 J ’ne’ 06
419:
R egistered___
93
95
Registered
pl987 Q-F ........ 96 103 N ov’ jfe
A -0 191% Sale 1U03
113 J ’ ne’ Ou
113 113
Gold 4 s ........................... hi
Sinking fund 6 s ... 1870-1929 A-O
4 D-23 132 100% 1U5 %
4
R eg istered ................. h 194 S Q-J . . . . . . ______ 993 Sep ’Oi ___ 100 s 103%
4
Registered.......... 1879-1929 A-O . . . . . . . . . . . . 114% Feb '06 ... 114% 114%
0 , 108 % iU9%
io.sC
90 >
90 '
2 90
92
Sinking lund o s .-.1879-1929 A-O 10 6 % ___ l o s e
P J u u & M Div i s t g 3% si926 Ai-h
98*4
9,&i4
|107 % 107 %
O"/
P I. E cfe W V h Sys ref 4s 1941 M-N
9 8 l4 Sale
1 05% 99%
Regisi ered.......... 1879-1929 A-O ................... M % J ’ ne’06
90S
906s i 34 89% 93
a03
i 10*2% 101%
Souiiiw uiv 1st g 3 % S ...1925 J-J
9u g sa lt
Debenture 5s
_ .1909 M-N 1 0 2 % ........ L03
M-N
101 Sep *06
R egistered..... ............ 7il925 Q-J ........ 89
92-8 cPne’O.;
101 101
MubOii tiiv 1st gu g 5 s.. 1911 F-A 104D 1 0 1 L08 Q JTy '05
Debenture 5s.
.......... 192 1 A-0 1 0 6 % ........ ! 10..* % J ly 6
105% 112*4
J08% Jan -'04 ___ I
Cen Ohio It 1st c g4% s.H 930 M-S 100 ......... 109 A nr *07
Registered.
....... 1921 A-0 105 % ___
Pit! S t i«-V R Tol 1st g 06 192 2 A-O 112 .........119la Mai ’ 04
Sinking fund deb 5s....... 1933 M-N 113% ____ 115% 113%
1 113 117
96 ........ 95 A ug’ 06
117 F e b ’ Oo
Pitts < YY'est 1st g 4 s ...1917 J - J
fc
117 117
Registered.................... 1933
95 100
Bat ( . et-iv
fe see M icii Cent
I)es Mo So -Minn 1st 7 s.. 19u7 F-A
.......................
North Illinois 1at. 5a
191()l;'/l-fe To i ....... 105% Dec ’ th
Beech Creek bee N Y O So H
Bel lev So Citr See Illinois Cen’
Ott C F So fet Paul 1st 5s 1909 Vi- s i u i % ........ 101 % S e p ’06
101% 101%
Bkiyu A Mon lank bee L ong i
YVinona & St Pet 2d 7 s.. 1907 M-N ................ 1102 % .< ne'06
10V % 102 Si
Bruns A West see A tl Coast T
MU L S & YY'est 1st g 6 s 1921 fv/l-N 123 s j ........ 123 % S e p ’ 06
122% 126%
Buffalo N Y A; Frio bee o n e
'
E xt So im p sfiim l g os 1929 F-A 114 ........ ; 114% Sep ’06 ___ 1 1 4 % li3
142 % F e b ’ 021
Buffalo R A P gen < 5 s ... 1937 M-S 117 ........ 117 Sep ’ 06
r
116% 119%
Ashland Div 1st g 6 s.. 1925 .Vhfe 123% .
A ll A West Jat g 4s g u .. 191% A-C * K 0 D ......... 101 h A ug’ , 6
Mich Div I s t g 6s........ 1924 J-J 123*4 ......... 12*% F e b !Oo
i O l % 1 01 %
128 % l2fe %
lionverti hie deb 5a __ 190, F-A
lu5% c>ep ’ 05 ...
Cl A M nil 1st gu g 5s___1.942 J -J 113 .......... 103 A pr ’ 97
........
.......... 1409 feep ’ 03
Incomes
^ .. ____ 1D111 j /J-N i u i
Y
IN
124
KOCi: A Pitts 1st g 08 __192 1 - -A 1 2 0 C .......... 124 A p r ’ 06
Consol 1st g 6 s............ 1922 J -D 123 .......... 128 4 1 eb ’ 06
117% i
127 128% Chic Rock Isl So Pac 6 s ... 1917 •I-J 117*4........ 1 1 17 % Sep ’ 06
Buila>; A south wes*. see Km<
Registered.................... 1917 J-J 111 ......... I 117 J ’ly ’06
117 % 119%
Bun A feusq 1st ref g 4 s. c
^1951 J-J
9*^*2 j ’ly ’ 06
95% 29%
General gold 4s ...... ......... 1988 J-J lo I % Sale i10o% L0l%| 28 99 103*4
Registered.................... 1988! J-J 100% .......... 11U ■•WeD’ l'O
99 11)2
Bur C R A In Arc O 11 1 A P
"
'
j4
93 % bait . 92%
Canada feoutii 1st 5s ... 190b J-J 101 Sale 101*8 101*4 23 H)n% 103
Refunding g 4 s ..............1934 A-0
'114 92*3 97
s07 J ’ ly *61
96
29,1 5 s .................................1913 :V fe 1033 104 h 103*4 103 s
Coll trust S en esH 4s _.191u M-N
4
1i 3 *4 108%
l 0 o y Jan ’Ol
4
64 .......
9 i% D e c ’05
J 4S .............................. 1912 M-N
Registered. .................... 1913 Vi- fe
i Uo% lu5%
M 4 a ' __
. _____ 19151 5M i 9 1 % .......... 96 N ov ’ 05
-N
Carb & Shawn. See f !! Cent
N 4a
________________ 19161 M-N ’
Carolina Cent feeefeeab A ir L
yo»4 ......... 93 May’ 04
90 ....... . 89 % M ay’06
Carthage A Ad See N Y (J A H
0 4 s................................ 1917 M-N
89% 89%
89
Ced R la F A N see B C K A N
90 May’ 04
P 4 S ............................ 1918| M-N
Cen Branch U P 1s t g 4 s ...1948 J-D
78%
79% 508 75% 81%
92 S e p ’ 06
Chic R 1 cfc Pac R R 4 s ..2002, M-N i 79% Sale
93% 95
90
95
Cen Branch Ry bee 51 o Pac
79 Dec 0.
r e i srere< l ....................20 02 i M fV ........ .............
Cent of tfa RR 1st g 5s..2->1945 <F-A 117^2123 119 May’ 00
91 *s Sale 1 90
91% 107 38*4 93
Coii trust goid o s .........1913 M-S
119 121
M-N 113 bale 112
Consol gold 5s.................. 194.' |
H3
Bur Ced R So No 1st 5s. 1906 J-D .........
102% May’ 06
24 109 % 114%
100*4 102%
M-N
R eg istered .....................1945
Con 1st So col tr g 5 s...1934 A-0 1 1 6 % ........ |118% Sep *06
1x3 A p r ’06
117% 119*4
113 113
I120 % Mar’ 03
1st preE income g o s ___??1945 Oct
91 h Salt
Registered................. 1934 A -0
91
92
11 91
99
2d prei income g 5s___271945 Oct ........ 82
0 R IF So R Y 1st gu 5s.1921 A-O 107 ........ 111 N ov’ 05
V
82 S
S2 S 10 80% 93
8 0 1 83
2
3d pref income g 5 s.....u ! 945 Oct
M S fet L 1st gu g 7 s.. 1927 J-D
o
87*4 15 75% 91
90 ........ 93 3 Tic'06
Cliatt In y pur mou g 4s. 1951 J-D
Choc Ok S G gen g os .01919 J-J
o
105 * A ug’06
4
105 i ( '6 3s
93
94%
M ac A Nor Div 1st g 5 s .1946 J-J ' iOfe ;> ........ 115 : •0 3/5
5
( ’onsol gold 5s..............1952 YON 1 0 7 % ........ 1 111 May’06
111 111
Aild b a A A tl D iv 5s___1947 J-J lOSr8 ------- 1.15 N ov’05
Keok cC' j7cs M 1st o s ___1923 A-O . . . . . . 109%; L09 S e p ’ 06
>
108 111%
|................... lOhic - i .. A- N O See 111 Cent
M obile Div 1st < 5a..__.1946 J-J 10S5 ........ 115 s A ug’ 05
r
8
U
U
U
II
S
S
S
S
U, S. ( * « v e n i i n e n i
2s consol registered.d \ 9!
2s consol coupon___ did'.
3s re g iste re d .............kid
3s cou pon ....................kid.
hut
Ask
Q-J 103% 1<>4%
Q-J 103% 104%
Q-* 192 Si 193 l4
Q-*’ 1U3*4 104
Q -l
Q-F 102% ..
Q-J 102*4 103
4
Q-J 102 1 103
Q-F 130% 131%
Q-F 130 % fealc
Q-F 109 ........
Low
High
H» c Sep h*6
5
l0 4 7 Aug*06
h
103 0 A u g’00
103“a Sep M
h
107 J Tie*02
104 'g Oct 3)5
103 S e p ’ 06
103cs A ug’ 06
131 ^ Sep ’06
8
130 hi 130 H
i l l May’ 06
A
C
1HISCELS jANFODJS B O N ) ;— C ontinued on .Next' Pasretsireet K a ia v a y
■
rooklyn Rap T r g 5 s ... .1945 A-O 1 0 4 % ........ 106 Sep ’06
104% 109
1st refund con v g 4 s.. .2002 J-J
93 % Sale... .93 %
94% . 16 1 92 100 .
.1941 J-J ........ 109
107 J ’ne’06
106 107
.1941 iVl-N *102 ........ 162
2 100 104
102
.1950 F-A 107 108 106% 'To?
37 10 5 %‘ 11.3 *
4
fetamped guar 44
.1950 F-A __ _ . . . . . Lid Feb *96
_
l l u 410
'n igs Co El -1st g *
.1949 F-A
90
95
felamped guar 4s
.1949 F-A ........ 90% 90*4
90%
2 S9
1 6*4
)
.1951 J-J
F6
S6- . - 1 85
89%
85% 36
%.s’ 51 J-J 10 2% ____ 102 M ar’06
102 102
J-.T 100% 102
102 % A p r '0 6
Ljv % 10 --*4
Den kill IT C.u 1st e os. .19:;: Ah.
95 0 ne’ O
O
1M1l J - I
,
....... 94% 91 Sep * !
(7 \
H aven a Klee consol
* ~ *Ot/II ^ c
1
/
y3
95 h
.19. L A -0 * 82% Saif- *82% •
I n t e r - 1et col 1 4 %s_.
•467 ^0% 9Ug. 194i J-J *........ 7 9 , 7c% Sep ’ *)('
79
S4
.1 930)J-J . . . . . . _____ 109 M-ar’ 9b . . ...... ......
..
'No price Friday; latest price this week. aDue Jan d DueApr e Due May
ManUa E lec 1st So coll 5S.1953
\iei fet Ry ven coi tr g os. 1997
R ef g 4 s ............................ 2002
Bway So 7 th A v 1st e g 5s 1943
Coi <fcf9th A v 1st gu g 5s. 1992
Lex A v i R F 1St l j- os 14'
■
95
Tlurd Tve RR con gu4-s 2000
Third A v e liy 1st g 5 s.. 1937
Mel W 8 El(Clucl Ist g 4s. 193.Mil El- liy So L 30-yr g 5 s .1926
■unii s t Rv 1st con g 5 s ..lO lt
N Orl Ry So Lt gen 4%s -.1 9 3 -
fV - S
Z
91% 98%
F-A 109*4 Safe
A -0 ------- 84
J-D n o % .........
M-S 112% 115
M- fe 112
.......
J-J
90*4........
J-J
F-A
91
94 r -A 106% 111
...................
J-J
J-J
90% 91
J- J
94 0 Sale
iui, r_ roiHid < \ Don 3*---- C o s 1- i
3 <
,
,"4 % 'vile
united RRs San Fr < 4s. i927 A-O
um teo Uys St ^ xso g -»s. 1934
b6 s- feaie
\r c h ic St 40-yr con g o s .1936 M-N
Y
r /D u e j’ne h D u eo'iy tc uue Rug u Due Oct
98 May’0 6 '___
10 J *4 109*4
5
85 Sep ’06:___
110 S e p ’ 06
116% Aug’ 06
113% 113%
1
90% Sep ’ 06
116 feep T
u6
93 % .)1; v 5
06
109 J ’ly ’ O
i
107% F e b ’06 ___
90 % feep ’ 06 . . . .
94 -2
94%
2
93 1 0 0 %
108 117
S3
92
110 116%
113 119%
112 116%
90% 95%
115 t 119
23% 93%
109 109
107% 107%
89% -92*4.
93% 98%
84
s'5% ' n 7 i
i
90
' 6%
S 6 % 5 85% 88%
9 J D e o ’97
pDueRov s Option feai$
6 1906.]
BOND*
N. Y. STOCK E X C H A N G E
W kkk E nding Oct 5
New York Bond Record—
- 8
-s *8
Chic
c vt P m s See Penn Oc
Chic Si 1* M & O con 0 9 ... 1930 J-D
Cons Os reduced to
103» J-D
V \
I
Nor W isconsin 1st 6 s ...l9 3 t J-.I
Si P A S City 1st g 0 s ... 1919 A-O
Chicago T er Trans g A s... 194 J-J
Coupon o i l ................................
Chic a We<i Ind gen gGsclO.'L O-M
Censol 50 year 4s............1932 J . J
Cliic a w .u icu see Pore Maiv
Clioc O Gull See C K l A P
Cln 11 C 1) 2d gold 4 % 8 ...l9 3 * J-J
o
Cin D A i 1st sat g 5 s ... 1041 ■ I. N
s
V
t ’ fi'irni ,C Ft W 1st cn 4s
; \|. (V
Cm l Jo W 1st sai it -Is. 1953 J-J
G i S t L A 0 See C C C & St i
Cin S & C See C C C St L
Ciearneld C Mali See B K Sc 1
b
Clcv Cm C Jb st L gen g 4s 1003 J-D
Cairo D iv 1st gold 4 s___1030 J.J
I- j
St L D iv 1st col cr g 4 s ..l9 9 l' M-N
Registered
__ lOOi M-N
\I.Q
\V W Vai Div 1st a 4 s ... 1.041 J .J
r
A .'S
A
63- T
M *t
T
R eg istered ..............A.T9.U Q-F
Cm s Sc Cl con 1st u 5s. -192s J-J
D lC!
1 ermsn! 7 j
i
1914' J -Ii
. -T»
!
General cousoi gold 6s. 1934 J-J
.1. 1
[lid Rl «fe W ’ st pre.l 4s 1V4 A-0
* -«
(>..T
L.O
\m
Cl Lor Sc Wli con 1st g 5s. 103;' A-O
Clever Marietta .n^ P piui RK
('lev
Mahon Vat g 5s .1930 J-J
Clev A; Pitts See Penn Co
j .j
Colorado Sc Son 1st g 4 s_ ..1 9 2 ‘. F-A
Cotmii iV i4reenv See So Hv
Cot Conn
Term sec N & W
Conn a- Pas Kivs 1st g 4s 104.
] \ak Sc Gt s o See C M < St i
fc
1 /allays <v Waco See 51 K A- i
Dei Lack < W estern 7s
&
1007
MorriStfe Essex 1st 7s__101 i
] str.onsoi guar i s ___1917
Registered
__191.7
1 st ref an < HCs.......... *>()0 o
r
N V Lack A W 1st Us...19*21
Construction 5s
10 7
hrxce
Friday
Oct o
Weetc*8
Fange or
Last Sate
Aanoe
Since
% - ! January 2
r
Sin
. s/ Low
h \
H i( h \o >1.010 7/1(7/1
j
132 133 131*2 132
501 131 136
92*9........
1 •* t.
:«,
133 JTie’U — l
U
129 . . . . . . 120% M ar ’ 01 —
H 7 7a ......... 120*4 Sep *06
.20 % l 24 %
101 *>Mny'OO — 100*2 101 *
•
v
99 S ........ 9 9 C Sep *06
j
98 100%
112 c
1 110 114%
........ 112*9 11 2
......... 99
98 *2 P l y ’06
98*2 98*a
. . . . . . . . . . . . 113
107 ......... 107
O ct.’00
A ng’ 06 .... 107
...... ......
Mar’06 ___
91
l O l ’H Sale 101*2 101*.
i
100 ........ 100 *4 Sep ’ 06
99 100
9S A ug’06
97 •........ 98*2
98V
100 Oct ’04
90% K eb’ O;;
98 Sep ’06
96 M 100
10&3 ....... 105 Jan ’04
4
100 M 101 100 Sep ’06
99*a......... 101 May’ Oo
1 1 0 \ ........ 113% J’ ue’06
118*2 J 'l y ’ 06
131M ........ 134
.........103
91
'll2
91
H 100*2 105%
. . . . iOO 100*4
08 101%
1 9S *c 103
__
96
98
99% 103%
___ 101 103
. . . . 112% 115
118*2 T22
Feb *X
)6
134
135
104 *2 N ov ’Ol
9 7 ;% s>Hie 97%
97% '•*2 96*2 101
.......: 73
72
72
17 O " 80
H
1 0 7 % ........ 115 *2 M ar’06
115*2115*2
112*9 ........ 116*2 Jan ?0.
733j Sale
92 Sale
73%
91
73%
92%
1
60
71
91
79%
96%
A-O' >
104% 107%
\f.«= 103 ......... 104% A p r ’ 06
120 “ 126%
,V!-\ 123 ........ 120 " J ’ne’ Ob
121 127
J-D 121 ........ 122 S e p ’06
127 J ’ne’05
j - r>
.1 .D
2
121 % 126 ‘-i
J - J 121 ........ 1* 1 % Sep ‘Oil
108 *« 114 A
F-A 109 ........ 108 *2 A ug’06
' j.\
1 02% A u g’ 06
10 J 102 %
\.Q
101*2 104%
10 % A u g ’i >
6
fTpn la t r e fg n . - 200 U F-A
102 wF e b ’ 03
Deleft Hurt 1st. Pa i)iv 7.s 1917 \I.c 124*9........ 133 F e b ’ 06
133 133
149 Aug’ 01
Registered
_ .1017 \]-S
10-vr con v deb 4 s.......... 1910 J-D iu 9 7s Sale 108*2 109% 294 107 110*4
113
11 105 117
ALo Sc su s con v 3% *.......1940 A-O 11*2 114 113
nens Sc Saratoga 1st is.1923 M-K 133*9 _____ 142 *2 M ai’ 05
Del R iv RK Bridge See Pa RK
^
100*2 11 99 101%
Denv S~ R Ur 1sr eon > 4 s ] 93(, .1 ..I ....... lOO1 100
•
106% 108
Consol sold 4% s..r_____ I93t- J -J 1U5 ........ ] 06 ** Aug 06
Im provem ent gold 5 s...l9 2 ;r J-D li.*6 % Sal6 106% 1 b 6 56 5 105 109
95 Sale
95
95
9 94% 100
Rio Ur W est 1st g 4 s___1930 J-J
86 ........ 86*2
2 86*2 92
31 ge and col trust 4sA . 1940 A-O
86%
di J a n ’ 02
Utali Cent 1st gu g 4s ctlOl? A-O
Poo Ur So tm See Rio GT So
Des M oi
F t D see 31 < St 1
fc
Des 31 Sc M inn See Ck Sc N \
\
110 S e p ’04
Des 3Ioi un R v 1st g 5a 1917 M-R
Det Sc Mack 1st lien g 4 s .1995 J-D
93 *9........ 92 A u g’Ob
92
99*4
90
96%
Gold 4s.............................. 199.7 J-D
90
91*2 90 Sep ’06
Detroit Southern—
Ohio Son Div 1st g 4 s ...1941 I 1
V-S ......... 87*2 89*2 A ug’ 06 . . . . 87*2 93%
112 114%
4
A -O 1113 ......... 114%Sep"'uU
112* 1 1 2 %
2
112 *2 F e b ’06
....... 112
R e g istereu. . . . ’ ............... 1937 A-O
2d 6 s.
.1916 J -J
D ul Short L in e See N or Pac
j.j
111 % Sep ’06
111 113%
111 . . .
L’ a sio t Minn B e e S tP 3 l& 3 .
1-bast Ten Va & Ga See So R\
116% 119%
W
l-N 115 117 117 A ug’ 06
Elm Cort Sc N o See Leh Sc N Y
107% 107%
Ene 1st ext gold 4s
1947 M-N 100 ........ 107*2 J a n ’ 06
114% F e b ’06
Ll4 114%
M-S 108 % . .
107% 109*4
3d ext gold 4 4 s ............... 1923 M-b 105 ....... 108% A u g ’O1
115 % J an ’ 06
115% 115%
A-O 109 . . .
5tli ext gold 4a
1928 J-D lU U ^ ........ 103 ’ F eb ’ 05
i ‘27 i ’34'%
1st consol gold 7 s............ 1920 M-S 127 ......... 127 Sep ’06
133 Feb ’U . . 1-33 133
i ..
1st consol g fon d 7 s ....... 1920 M-S
99 100
99*2 100*8 11 1 39*4 102
Erie 1st con g 4 s prior—1996 J-J
100*4 100*4
Registered
1996 J - J ........ 99 C 100*4 A p r ’ On
I/O Sale
12 89% 93%
89 7
s
90
J •J
88 N ov’04
. . . . 89
Registered
199 J -J
98
91
90 4
90*. 33 , 90
Penn coll tr * i->
*
1951 F-A
50-year con v 4 - \
1953 A-< 1U5 * 105 v 105
4
l u 8 136 i100% 1097t
Butt \ Y Ac Erie 1at. 78 1916 J -I
] 2 0 % ..
127 FTov’05 —
j . j 1U1 *2
104% 104 .
104% F e b ’06
3 1117 122%
119
Chic Sc E n e 1st g o ld 5 s .. 1982 M-N 118*2 120 117
7 1100 100
U
100
100
A-O 1 U
133% 135%
Long D ock consol rr 6 a 1927, A-O 128
133 *2 Sep '06
( Lai A~ HH 1st enr tni 6 a 19 2 “; .7 -N 111 *2 -1
118 J ’l y ’< 4 —
>
169% Sep ’ 06 .... TOy% 109 v
D o c k Sc hup 1st c n r 6 s 1912 J-J
107*2
\ 7 i Green L sen tr 5s 1946 M-N 105
121 % Oct ’Oo
N Y Sus Ac W 1st ref 53.1937 J-J ........ 117
115% Sep ’ 06
|ii5 i i / %
i 100
103
2d cold 4 8,a
.
1927 F- A
100
.. 103 100
105 110
F-A
104 106*2 J ’ly ’06
Terminal 1st gold o s ... 1943 M-N
118 May’ dti : : : : 115% 118
Reins $5,000 each
1945 M-N
107 J ’ ly *06 — 007 110
- l h l K R o t N J 1st g 6 s. 1910 A-O
|109 113
WUk Ac Ea 1st gn g 5s. 1942 J-D
109 S e p ’06
‘116 118
Evds Ind 1st con g rig 0 s .. 1926 J-J U 1 2
....... 1116 A pr *06
Continued—Page 2
B O .\ l »
N. Y. STOCK E X C H A N G E
W kkk E nding Oct 5
JnVst
Period
O c t.
Price
Friday
Oct 5
801
Weetc’
s
Lange or
Last Sate
But
a s / \Lo w
c
Hujti
Erie<fc Pitta See Penn <;o
Lis S e p '06
Evans 3k r H 1st cons 6 s .1921 J-J 116%
1st general gold 5s.........1942 A-O 107 % ......... 108 S e p ’ 06
A-O 168
i 06 * F e b '06
4
Suil Co Branch 1st g da. 1930 A-O 101
] .Virgo « b So See Ch M A St P
A
t lint <& Pore M See Per© Mai
Fla C A Penm See Sea A ir Line
Fort St U D Co 1st g 4 % s.l9 4 l J-J . . . . . . . . . . . . 105 Mar’ 98
112
Ft W A Den C 1st g 6 s ....1921 I-D 112 Salt 112
84 % 90
86
80
Ft W 3c Rio Ur 1st g 4 s ... 1928 J-J
/ 'a l l l a r d c S A See So PacCo
97% 101 100% Sep ’ 06
' Jftl H A- H o f 1882 1st os.1913 A-O
Georgia
A la See Sea A Line
iTil c a r « b N or See Sea A Line
A
Georgia Pacific See So Ry
Gila V G & Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap<& Ind Nee Penn RR
Gray’ s P t Term See St L S W
99 Sale
98%
90
Gt Nor—C B<fc Q coll tr4 s 1921 J -J
Registered h
.
1921 Q-J
97%
97 b
Greenbrier Ry See Ches Sc 0
105
G ulf Sc s 1 1st ref Sc t g 5s 51952 J-J 102 104 103
O ousatonic *9ee N Y N H & H
Hock V:il 1st consol g 4 %s 1999 j - j
Registered
.1999 J-J
Col Sc i l V 1st ext g 4 s.. 1948 A-O
Col Sc Tol 1st ex 4 s .......1955 F-A
Hdiist, E A W T ex See. So Pac
'Honst<C I'ex Oen See. So Pac Co
1 llinois Central 1st g 4 s .. 1951 J-J
L Registered
1951 J-J
1st gold 3%s_
.
1951 J-J
■Registered
1951 J-J
"Extended 1st t 3 Gs
r
1951 A-O
1st. gold 3s sterhn<r
1951 M-S
Coll T rust gold 4 s ..........1952 A-O
Registered
1952 A-O
L N O & T ex gold 4s
1953 M-N
R e g is te re d .................. 1953 M-N
Cairo Bridge croid 4s
1950 J -D
LouisvDiVtfcTerm g3 %s.l953 J-J
Middle Div reg 5s
1921 F-A
Omaha. D iv 1st g 3s
1951 F-A
St Louis DivJkterm g 3 s 1951 J-J
Registered.
1951 J-J
Gold 3 % s..
1951 J -J
R egistered..
_195D j - J
Sprin{r D iv 1 st g 3 %s 1951 J-J
W estern T,ines 1st g 4s 195] F-A
Bellev Sc Car 1st 6 s
1923 J-DGarb & Shaw 1st g 4s
1932 M-S
Chic St L Sc N O g 5s
1951 J-D
R egistered.. ..
1951 J-D
G old 3 % s..............
1951 J-D
Registered
1951 J-D
Z\fernpli Div 1st pp4 s 1951 J-D
St L Sou 1st gn g 4s
1981 M-S
Ind B1 Sc W est See C C C & St L
Ind D ec & W 1 st g 5s
1935 J-J
1st guar gold 5 s.. ..
1935 J-J
in d 111 Sc i a 1st g 4 s.........1950 J-J
Intc& Great N or 1st g 6 s .. 1919 M-N
2d gold 5s........................ 1909 M-S
3d gold 4s..........................1921 M-S
Iow a ( 'entral 1st gold 5s 1938 J-D
Gold 43 ........................._lll951 M-S
J otter son R R See Erie
j / a l A & G R See L S & M S
IV an Sc M ich See T ol Sc O C
K C Ft S Sc M See St L & S F
K C & M K & B See St L & S B
Kan C Sc Pacilic See M K Sc T
Kan City Sou 1st gold 3 s.. 1950 A-O
R egistered.................
1950 A-O
K entucky Cent See L Sc N
K eok Sc Des Mo See C R I& P
K noxville & Ohio See So Rv
\ ake Erie Sc W 1st g 5s. AOS'; J-J
L 2d gold 5 s...................... 1941 J-J
N orth Ohio 1st gu g 5 s.. 1945 A-O
L Sho & M ich S See N Y Cent
Leh Val N Y 1st gu g 4 % s.l940 J-J
R egistered ...
. ..
1941' J - J
Lehigh Val (Pa) cons g 4 s .2003 M-N
Len V T er R y 1st gu g 5s. 1941 A-O
R egistered........................1941 A-O
Leh V Coal Co 1st gu g 5 s .1933 J-J
Leh & N Y 1st guar g 4 s .. 1945 M-S
R egistered............. .......... 1945 M-S
El C & N 1st pf 6 s ____1914 A-O
Gold guar 5s............... 1914 A-O
Leh Sc Hud R See Cent of N .J
Leh Sc W ilkesb See Cent of N J
Leroy Sc Caney Val see Mo 1
Long Dock See Erie
Long Is l’ d—1st con g 5 s./tl9 3 J Q-J
1st consol gold 4 s........./^1931 O-J
General gold 4 s............... 1938 J-D
Ferry g o ld 4 % s............... 1922 M- S
G old-Is.............................. 1932 J -D
Unified gold 4 s ............... 1949 M- S
Debenture gold 5s.
] 934 , -I)
1
Guar ref gold 4 s..............1949 M-S
Bklyn Sc M ont 1st g 6 s. 1911 M-S
1 st 5s................. _T
191 j M-S
N Y B & M B 1st con g 5s 1935 A-O
N Y Sc R B 1st g 5s. ..1927 M-S
N or 8 I1B 1st con g srios o1932 Q-J
Louisiana Sc A rk 1st g 5s. 1927 M-S
Bouisv Sc Nashv gen g 6 a. 1930 J -D
Gold 5s..............t . . . ..
1937 M-N
Unified gold 4 s ............... 1940 J-J
R egistered.................... 1940 J-J
Coll trust gold 5s............ 1931 M-N
5-20-yr col tr deed g 4 s. 1923 A-O
E H Sc Nash 1st g 6 s ___1919 J-D
Range
Since
-5 j. January 1
No
—
I n tv H
118 118
107*1 109%
lu6 *i 106%
....
1 1)1
1 84
115
91
. . . . 100% 103
245
21
93% 101%
97 101%
6 101% 105%
2 104% 110
107
107%
105% J ’l y ’04
98 . . . . . . 100 A u g’06 . . . . 100 101%
101% Sale 101% 101%
5 100 100
107
109
109% Sep ’ 06 . . . .
104*4 A u g’O
*'
101%
100 J ’ lie’ 06
100
95% J ’ly'O t
99% J’ ne’Ob
70 Oct ’04
1 0 1 % 104% Sep ’06
102 O c t ’01
101 103% 102% Sep ’Ob
100 May’ 06
105 A ug’ 06
91%
92% S e p ’ 06 __
102%
123 Muv’99
78% A p r ’06
82 % May’Oi
93% J’ne’O
O
101% Oct ’ 99
100 N ov’ O
O
101 %
J07% Jan ’06
117% 122;% 122 D e c ’ 05
90 N ov’OS
120% 120%
120 %
119% Max’ 04
93% May’ 04
101%
109 % 109%
104% 104%
99% 100 ’
95% 95%
99% 101*4
104% 107%
1 0 2 % 106%
100 100 ’
105 105
91% 94%
78% 73%
82% 82%
93% 93%
107% 107%
1 12*3% 123 %
101 % A ug’06
103 N ov’ 04
101% 101%
108% Jan ’O
t
107% D ec 02
97% 100
98*4 Sep ’ Ob
116% 116% 116% 116%
90% Sale
99%
99%
77
79 b Sep ’ 06
108
109 A ug 7
06
86
8 0 % S e p ’ 06
168% 108%
105
93*4 100
4 116 120
4 98 102*4
75% SO '
109 115
85% 88
v
70% 71*4 70%
71%
63 Oct '00
114*4 115
110 %
105 %
109
92%
44
70*4 75*4
114
114
] 114 119
110% J ’l y ’0(
110 % 113%
117 J a n ’06 ___ 117 117
109*4 A u g ’O
.
112*8 Nov'05
98% J’ ne’ Ot
L18% A p r ’Ob
109% Oct ’ 96
112% Apr ’ Oi
96*4 May’06
. . . . 109
111%
... 98*4 98*4
.
___ 118% 1 2 0 %
___ 112 115%
96% 96%
104
113% Jan ’06 ___ 113% 113%
105*4 Jan 7
0t
105% 105 *4
113
115
99%
96
96
98% 100
J’ ne’O
G
114% 117
95 % i 02 *4
98*4 Sep ’ 06
102 N ov’O
.
99*4 Oct ’ 01
96% J ’ ly ’ 0.
110 J ’ ne’ Ui
99% 100%
96
43
101%
99
102%
103% J ’ ly ’o
103%
112 ^ Mur’ 02
111 J a n ’ O'.
111
112*8 J ’ ly 05
G
105 105 J ’ne’O
LU5
1J 4 %
114% Sop ’0*
114%
115%
121 % F e b ’ 01
120
1 0 1 % 101 % 101% 101* 12 98*4
101% J ’l y ’O
t
100
112% 111% J ’ ne’ O
111*4
i
10 95%
* 95% ...
110%
114*4 J’ne’O.
107 %
103%
111
105
120%
121%
104%
101%
115%
100%
jllS C E L L A N 'liO lJ ^ BONUS—C ontinued on N ext Paste.
H u h anil E le ctric L igh t
Atlanta G L Co 1st z 5s__ 1947 J -L
n U Gas 1st con g 58.1945 M-N,
Butialo Gas 1st g 5 s .......... 1947 A-O
con sol Gas conv c e b 6s___1909iJ-J
Cod.-.urn Gas See P G & C Co
Detroit C ity Gas g 5 s .........1923! J-J j
Det Gas Co con 1st g 5 s ...1 9 1 - F-A
E d E lI iiB k n See K Co E Lifc P
Ed E ill SeeN Y G A E L H & PI
.........109
107 S e p ’ 06
. . 70
70%
70%
140 ......... 140
140%
101
101
103
105
101
100
S e p ’06
S e p ’ 06
G om a n d E le ctric L ight
Lac Gas L of St L 1st g 5s.el 919
Ref and ex t 1st g 5 s.......1934
. „ i 106 % 113%
70
80% Milwaukee Gas L 1st 4 s.. 1927
00 137 168% N Y G K L H & P g 5 s ... 19-18
Purchase money g 4s. ..1949
100 104
Ed El III 1st conv g 58.. 1910
100 100
1st consol gold 58.........1995
NYTfcQEl LSc P 1st con g 581930
S Y Sc Rich Gas 1st g 5 s .1921
Gas 6c Elec Berg Co c c 53.194 J ■D
61 % Oct *01
Gen E lectric deb e 3 % s..l9 4 2 F A
86% 88% 88 Sep ’06
Or Rap G L Co 1st t 5 s ... 1915 F-A . ..
r
107% D e c’00
Hudson Co Gas 1st g 6 s ..1949 M-N 1 0 0 % ........ 105 J ’ne’Ob —
Kan City (M o) Gas 1st g 5a 1922 A-O ........ .......... 98 J ’ly ’06
K ings Co El L < P g 5 s...l9 3 ?| A-O; .................
fe
Purchase m oney 0s......... i 997*A O ......... 120
121 F e b ’06 —
Ed E ll I p.itn I - rcun 7 4 m 1 * ' J - J 1
93 % Mar'06
Peo Gas Sc C 1st con g 6s. 1943
Refunding gold 5 s.......... 1947
Ch G -L & Cke Jst gu g 5s 1937
1
105 108 L
Con G Co of Cl) 1st gu g 5s. *20
' 95
98
Mu b uel Gas 1st gu g 5s. 194 .
Syracuse Light in »' 1st • .'.-i ’5 i
/
121 122
Trenton G Sc El 1st g 5 s.. 1949
«)•} U J'■ % W estchester Light'if g 5s. 195!
»{
80% 90
Q-F 104 !.i 105
A-O 101 105
M-N
94 ........
J -D * ........ 105%
F-A
85 ........
M-S 100% sale
J-J . . . . . 116
98 101
F-A
M-N ........ 101
M- 8
A-O YU i " Y'liY
M-S 101 105
J-J 103 ........
J-D .........100
M-N ...... ......
) •
J - 1» IOO tr 11 1»
M-s
i
J-D 11L
104% 104%
1 103 108%
102 104%
102 Sep ’06
04 %
94
94
3 93
105 *a Sep ’06 __ 105 109%
92
111 84
85
80
100% 100%
9 100 104%
113*4 J ’ne’O .. .1 113% 11H
G
100% 104%
101 J ’ ly ’ 06
103 N ov’05 .... ...... ......
101% N ov’05
117 123
120 " J ’ ne’ U
G
i 101% 107%
101% 101L
104 107
104
104
5 106 108
105 J’ no’06
110 May’06 .... ...... ......
;o o io «%
l«ifi% A p r ’91:
New York Bond Record— Continued— Page 3
802
BOND*
N. Y . STOCK E X C H A N G E
W eek ending O ct 5
Price
j'Viei'hii
Oct 5
"
iN'afihv —( Continued
h Gin So Hex gold 4 %8. ..1931 *T-N
N O & M l e t gold 6 s ___1930 J-J
N O 6a M 2cl gold 6fl...... 1930 J-J
!-8
Pensacola D iv g o ld 6 s .-.1920 !V
St L Div 1st gold 6 s ....... 1921 M S
l2d gold 3s. 1...................1980 M-S
A.U K nox & N or 1st pf>8l94('. J-D
Hender Edge 1 s ts l g 6 s . 1931 M-S
K entucky Cent gold ^ s.. 1987 J -J
L& N So M & M I s t g 4 % s l9 4 5 M-S
L & N-South M joint 4 s .1952 J -J
N Fla & S 1st gu g 5 s ... 193 F-A
Pens So A ti 1st gu g 6 s .. 1921 F-A
S & N A la con gu g 5s. .1930 tr. a
& .n
L & J elf Bdge Co gu g 4 s .. 1945
L N A & Oh See O I A L
jl/f ahon Coal See L S & M S
i'i-a n h a tta n R y consol 4s. 199 A -0
R egistered..................1990 A-O
M etropol El 1st g 6 s-----1908 J -J
M cK ’ pt & B V See N Y Cent
M etropolitan E l See M an B y
M ex Cent consol gold 4 s.. 1911 J-J
1st consol incom e g 3s.»1939 J ’ly
2d consol incom e g 3s..cr 1939 J ’ly
E quip Sc coll gold 5s....... 1919 A -0
Coll tr g 4 % s l s t Ser---- 1907 F-A
Mex In tern al 1st con g 43.1977 M-S
M ex N orth 1st gold 6 s___ 1910 J-D
M ich Cent See N Y Cent
Mid o f N J See Erie
Mil L S & W See C h ic & N W
Mil & N orth See Cii M Sc St P
Minn & St L 1st gold 7 s.. 1927 J-D
Iow a E x 1st gold 7 s.......1909 J-D
Pacific E x 1st gold 6 s. ..1921 A-O
South W est E x 1st g 7s. 1910 J-D
1st consol gold 5s.............1934 M-N
1st and refund gold 4 s ..1949 M-S
lie s M Sc F t D 1st gu 4 s ...'35 J-J
Minn Sc St L gu See B C B Sc K
M S IP Sc S S M con g 4 int gu ’ 38 J -J
M S S M Sc A 1st g 4 in t gu 192G J-J
Minn U n See S t P M & M
Mo Kan Sc T e x 1st g 4 s . . .1990 J-D
2d gold 4s........................ pj.990 F-A
1st e x t gold 5s..................1944 M-N
1st & refund 4s................ 2004 M-S
Gen s £ 4%s sub r e c t s ............
St L D iv 1st ref g 4 s___2001 A -0
Dal So W a 1st gu g 5s. ..1940 M-N
Kan C Sc P ac 1st g 4 s ... 1990 F-A
Mo K & E 1st gu g 5s. ..1942 A-O
M K & Ok 1st gu 5s....... 1942 M - N
M K & T o l T 1st g u g 5 s . 1942 M-S
SherSh & So 1st gu g 5s. 1943 J-D
T e x Sc Okla 1st gu g 5 s ... 1943 M-S
M issouri Pacific 3d 7s....... 1906 M-N
1st consol gold 6 s .............1920 M-N
T rust gold 5s stam ped.al917 M-S
R e g is te re d ..................a-1917 M-S
1st co ll gold 5s..................1920 F-A
V -S
40-year gold loan 4s....... 1945 E S
Cent B r B y 1st gu g 4 s .1919 F-A
Leroy Sc O V A L 1st g 5s 1926 J -J
Pac R o£ M o 1st ex g 4s. 1938 F-A
2d.extended gold 5 s ... 1938 J -J
St Lt I r M & Sgen con g 5sl931 A-0
Gen con stamp gtd g 5s 1931 A-0
U nified Sc ref gold 4 s .. 1929 J -J
B iv Sc G X)iY 1 st g 4 s .. 1933 M-N
IY erd i V 1 So W 1st g 5 s .1926 V s
Mob Sc Birin prior lien g 5s 1945 J -J
M ortgage gold 4 s.............1945 J -J
M ob J Sc K C 1st cons g 5s. 1953 J -J
Mob Sc Ohio new gold 6 s ..1927 J-D
1st extension gold 6 s ..h i 927 Q-J
General gold 4 s................ 1938 M-S
M ontgom B iv 1st g 5s. .1947 F-A
St L Sc Cairo coll g 4 s..e l9 3 0 Q-F
Guaranteed g 4 s...........1931 J-J
M Sc O coll 4s See Southern
M ohawk Sc Mai S'eeN V C & H
Monongaheia B iv See B Sc O
M ont Cent See St P M Sc M
M organ’ s La So T See S P Co
M orris Sc E ssex See D el L So W
ash Chat Sc St L 1st 7S.1913 J -J
1st consol gold 5s.........1928 A-0
Jasper Branch 1st g 6 s .. 1923 J-J
M cM M W & A i 1st 6 s ..1917 J-J
T So P Branch 1st 6 s . . . . 1917 J -J
Nash F lor & Slief See L Sc N
N at of M ex prior lien 4 %s. 1926 J -J
1st consol 4s..................... 1951 A-C
N e w H & I ) 6'e e N Y N H & l l
N J June R R See N Y Cent
N ew Sc Cin B dge See Penn Co
N O So N E prior lien g 6 s p l9 1 5 A -0
N Y B kin & Man Bch See L 1
N Y Cent & H R iv g 3% s.l9 9 7 J -J
R egistered..................... 1997 J -J
D eben g 4 s .......................1934 M - N
Lake Shore coil g 3 % s... 1998 F-A
R egistered..................... 1998 F-A
M ich Cent coll g 3 * S___ 1998 F-A
2
Re gistered..................... 1998 F-A
Beech Creek 1st g u g 4s. 1936 J -J
R egistered..................... 1936 J -J
2d gu gold 5 s................ 1936 J -J
Beech Cr E x t 1 s t g 3 % s51951 A -0
Cart & A d 1st gu g 4 s ... 1981 J-D
Clear! Bit Coal 1st s £4s. 1940 J-J
G ou v & O s w e ls t g u g d s 1942 J-D
M oll So MaL 1st gu g 4 s.. 1991 M-S
N J June R gu 1st 4 s ... 1986 F-A
N Y Sb P a 1st con g u g 4s 1993 A-O
LoaiHV
N
Week's
R a nge or
Last s a le
,
h ut
A sk L e w
Jlign
109 M ar’05
105 *
2
127 ........ 130 J ’ ne’ 06
122*4 M ar’06
107% Aug’ 06
1 1 6 % ........ 117*2S e p ’ 00
71 *2 Sep ’ 00
71% 75
116 J ’l y ’ u6
108*2 Jan ’ 00
97 ........ 98 A u g’ 06
108 J ’i y ’ 06
{;
96**2 96% 97 *a Sep ’ »:•
111 ......... 111 A u g’ uti
112*2 M ar’06
115*4 Mar’05
Ill
107 D e c ’ 06
101*2
97 May’06
P
Range
Since
January 1
No L o w Ftigh.
.... 128
130
122% 122%
.... 10 7 *4 10 7*4
___
....
—
....
....
....
....
....
....
....
117 % 120%
71% 71%
116 116
108*2 108%
98 101
108 110
95
98
111 117%
112%1 12 %
97
100 %
99*2
99% 16 99% 103%
104 A p r ’ 05 ..... ..______
1 102 % 106
103
........ 103
9 9 7 Sale
e
103
80
Sale
22*4 Sale
16
18
80
21*4
15%
80% 23
22*2 253
92
17
9 9 % ......... 101 J ’ l y ’06 . . . .
90% J ’ ly ’ Of
105 ~ May’ O
U
75% 80
16% 26%
14
21
98% 101
134 *2 ........ 137 J ’ ne’ 05
111*8 Oct ’05
115 . .
118 J’ne'06
118
113% M ar’ 05
10 111
113
112*2 ......... 113
6 90%
93% 94*2 93%
94
95 ......... 97 A p r ’ 06 .... 97
101
......... 1 0 2 % J’ ne’06
103 N ov ’ 01
1 ° 0*8
114%
97
97%
100% 102*4
101
100
1 0 0 % 123 99 *e 103
85 *2 Sale
85
85% 50 84*4 92%
105 *2 Sep ’ 00 ___ 103 *s 107%
.........105
5 82% 91%
82%
83
84*2 82%
87% Sale
87*4
87% 15 85
89%
- 88 S e p ’ 06 . . . . 88
94 “
105 ........ 108 F e b ’06 . . . . 107 108
96 J ’ne’06 . . . . 95% 96*4
......... 95
b’
110*4........ 110 S e p ’ O - - - - 110 116
S 105 109%
105 Sale 105
105
105*2........ 105% Sep ’ 06 . . . . 105 109%
........ 107
108*4 A p r ’ 06 . . . . 108*4 108 a
4
103 108*2 105% A p r ’06 . . . . 105% 109%
4 101 104
103
1 02 *2 ........ 103
2 119 125
121 Sale 119
121
103 104 103*8 103% 25 103 107*8
107 *2 F e b ’ 06 .... 104 107%
i o i *2......... 104*4 S e p ’ 06
1 0 2 % 108%
i
81 *2 Sale
90*2
91*2 3 r 90% 94%
, 93
9 3 % ........ 94%
94%
99
101 ....... . 110 M ar’05
1 0 1 % ........ 101% A u g ’ 06 ••»» 101% 105
........ 1 2 0 % 118 J ’ne’ 06 . . . . 116 1 2 0 %
112 *2 Sale L l l *2 1 1 2 % 19 111% 117%
116 N ov ’05
12 89% 94
91 Sale
90
91
93
94
93%
93%
5 92% 96
100 ......... 107 % A p r ’06
107% 107 %
108 ......... 115% A p r ’06 •••• 113 115%
96 O ct ’05
98 Sep ’ 06
94% 98
124*2........ 125*8 Aug’ 06
124%128%
122 D ec ’05
------- 9 3 * 95 J ’ly ’ 06 ___ 94% 99
111 . . . . . 114% J ’l y ’06 . . . . 113 % 114%
92% A u g ’06 .... 92% 98
97 L ........ 101 N o v ’04
100
1 1 6 % ........ 115% Sep ’ 06
115% 119%
113 ......... 113% Sep ’06 .... 112 115*8
119 *4 F e b ’06
119*4 119*4
110 ........ 117*4 M ar’05
113 J ’ly '04
103 ........ L0i% A ug’ 06
83% Sale
83%
83%
9 3 7 Sale
q
92%
94%
92 ........ 93*8
93%
100*4 100*2 99% 100
87% Sale
87*4
.88
86 ........ 86
86%
85*2........ 88 A u g’ 06
* S 5 L ........ 88*4 J ’ne’06
1 02 *2 ........ 102% Sep '06
102 M ar’04
1 0 5 % .........
101% 105
18 83
87%
763
70
1?
50
32
91% 99%
92
98%
98*4 102
87*4 93
85% 91%
88
92%
86*4 90*4
102 105*2
.........103%
95
99
A p r ’ 02
105 N ov ’05
105 Oct ’02
......... 104% Feb'06
104 % i o i %
•
BON U "
N. Y. STOCK E X C H A N G E
W eek E nding Oct 5
N Y Cent So H R—(Continued,
N or Sc Mont 1st gu g 58.191% A
W est Shore 1st 4s gu ...2 3 6 1 j J
R egistered.................... 236Jj J
Lake Shore gold 3% s___1997 1J
R egistered............ 19971J •
Deben Dure sr 4 s............ 1928
|
Ka A So G ft. 1st gu c 58.193 -' J
Mahon C’ l R R 1st 5ft..1934 J
Pitts M cK So Y 1st gu 68.1932 J
2d gnar 6 s...................... 1934 JM cK ees So B V 1st g 6s 1918; J
M ich Cent 1st consol 6s. 1909 M
5 s......................................1931 M
R egistered..................1931 Q
4 s ..................................... 1940 J
R egistered................. 1940 J
J L & S 1st g 3% s........... 1951 L
M
1st g 3 % s ......................... 1952 M
Bat C So Stur 1st g u g 3s. 1989 J
N Y
Harlem g 3 % s...2 0 0 0 Ml
R egistered..................... 2000 M
N Y So N orth 1st g 5 s ... 1927 A
R W<fe O con 1st e x t 5s. hi 922 A
Os wo So R 2d gu g 5 s ... 01915 F
K W & O T R 1st gu g 5s. 1918 M
U tica Sc Blk R iv g u g 4 s .l9 2 2 J
N Y Chic So St L 1st g 4s. 1937 A
R egistered........................1937 A
N Y Sc Greenw Lake See Erie
N Y & Har See Li Y Q So Hud
r
N Y Lack So W See D L & W
N Y L E So W See Erie
N Y < Long Br See Cent of N J
fe
N ew York N ew H av So Hart—
PLousatonic R con g 5 s.. 1937 M
iN H So Derby con cy 5s. 191,2 V
N Y So North See N Y C So H
N Y O So W ref 1st g 4s..r/1992 -V
IR egis §5,000 on ly.........^1992 MX Y So Put See N Y C So H
N Yr So R B See L ong Island
N Y S So W See Erie
N Y T ex So M See So P ac Co
N or So'South 1st g 5 s .____ 1941 M
N orf So W est gen g 6s.......1931 W
1
Im provem ’t So ext g 6 s ..l9 3 4 F
N ew R iver 1st g 6s....... 1932 A
N So W R y 1st con g 4 s .l9 9 t A
R egistered....................199 c AD iv ’l 1st lSb gen g 4 s ... 1944 J
Pocah C So C join t 4 s .. 1941 J
C Q & T 1st gu g 5 s........1922 J
Scio V So N E 1st gu g 4s 1989 M
N orth Illinois See Chi Sc N W
N orth Ohio See L E rie & W
N or Pac—Prior lien g 4 s .. 1997 Q
R egistered....................199
General lien gold 3s___ a2047 Q
R e g istered ................. a2047 Q
St Paui-Dul D iv g 4 s ___1996 J
D ul Short L 1st gu 5 s.. 1916 M
C BSc <4 coll tr 4s See Gt N oi
St P Sc N P gen g 6 s ___1923 F
R egistered c e r tifie s .. 1923 Q
St Paul Sc Dul 1st 5 s . , . . 1931 F
2d 5 s ...............................1917 A
1st consol gold 4 s.........1968 J
W ash Cent 1st g 4 s.........1948 Q
N or P ac Ter Co 1st g 6 s.. 1933 J
N or R y Cal See So P ac .
N or W is See C St P M Sc O
N or Sc M ont See N Y.Cent
In d So W See C C C & S t L
hio R iver R R 1st g 5s. 1936 J
General gold 5s................1937 A
Ore So Cal See So Pac Co
O r e R R & N a v See U n Pac
Ore Short Line Se-e Un Pac
Oswego So Rom e See N Y C
O C F & St P See C & N W
Oz’rk & Cher C l s t g u 5 s g.1913 AjL>ac Coast Co 1st g 5s___1940 J
X ac of M issouri See Mo Pac
Panama 1st s fund g 4 % s.. 1917 ASink fund subsidy g 6 s.. 1910 M
Penn Co—Guar 1st g 4 % s .l9 2 i JR egistered.....................1921 JGuar 3%s coif trust reg.1937 MGuar 3%s coll tr ser B .. .1941 FT r Co cert if’ s gu g 3 % s .l9 l0 MGu 3%S tr ctfs C ............. 194 2 J G -3 8 iS t r c t f s D .............. 1944 JC St L So P 1st con g os. 1932 AC1 So P gen g u g 4 G s s e r A . ’42 JSeries B ...........................1942 ASeries C S ^ s .................. 194^ 41Series D 3 1
2S.................. 1950 FErie Sc Pitts gu g 3 ^ s B . 1940 J Series 0 ..........................1940 JN < C B dge gen gu g 4 8281945 Jfe
P C C & St L g u 4^23 A . ..1940 AS en es B guar................ 1942 ASeries C guar................1942 M
iSeries D 4s guar.......... 1945 MSeries E 3 8* guar g ___1949 FSeries F 4s g u a r .........1953 JPitts F t W So C 1st 7 s ... 1912 J 2 d 7s................................ 1912 J 3d 7 s............................. h l912 APenn R R 1st real est g 4 s .1923 fY
lConsol gold 53..................1919 41Consol goLd 4 s..................1943 in
con v ertib le g 3 8>s...........1915 JConvertible g 882s...........1912 41A lleg Vai gen gu g 4 s ... 1942 s J
VC1 Sc Mar 1st gu g 4 ^ s .. 1935 VID R R R & B ge 1st gu 4s g .’ 36 FGr R So I ex 1st gu g 4 ^ s 1941 J -
O
[Y o l . l x x x j ii
/"rice
Friday
0:1 6
B id
Week's
Range or
Last Sale
Ask, L o w
Range
Since
anuary 1
Mig
ov) H i g h
105 105^1 H»5*8 107
104 H
104 104 Ki 104
\>5 S ep 'u
94 3 96
4
9 ' Aug 06
9778 98l4| 978
4
98L
0 4 " 109
08*4 107 *2
95 101*3
96
993
4
I 017
a
125 H M ar’06
e
139 J a n ’ 03
127cg
125 S
i
109
.22
1107 L J ’ne’Ot
U 8 V1J ’Jy ’06
07*4 107*4
’
119 J ’ne’ O
)
1104H Mar’ot
2
lO e ^ N o v ’ O
O
97
97
125 H
i
8 j4 120
19 119
04*2 104Hz
Sep ’ 06
90*8 98*2
.......iblH i j ’ly ?06
LOi^ io i* a
112
U19HjMar’U5
;ui34 1 1 1 %
i l l 3 3 Jan ’ 02
4
a i *4 n s
102
103 7 A u g’ 06
s
1023
4 102%
103 Oct ’05
103 78 104
.92 \ 106
100 H
?
115H .........124
2
100
Sale :100
100 hi
101 L J ’ne‘0
103
131*4
129 38
127*4
9
99
124
F e b ’06
18
125
99H* 104 3
4
101 101 H
e
104 S e p ’ 0
104 111
1317 J ’l y ’ 0 6 |
g
---- 131*8 132®*
130y F e b ’ 06 . . . . ,303 130-4
4
4
1 2 9 34 N
ov
'US
98 H
2
99 I 31 9a *2 1 0 2 7
q
100 lo o
100 F e b ’061
97
9 9 *2
. . . . 99*4 99 J ’ne’061
91
95Hi
• Sale
2*4
92*4
92-41
109 *2 F e b ’ 05
99*3
99g3
993
4
99>&103
1033^ Sale 103
104*211®
103 ....... 102 *2 A ug’06
75*3
7 6 ; 4tn
7 5 34 Sale
76 J ’ ne’ 06
98 J’l y ’06
98
101H
.
102*4 106*4,
102*4 106
122=8 Sep ’ 06
132 J ’ly ’99
I I 033
113 M ar’06
1093 M ar'06
4
105 *8
97
98*2 98*2 Sep ’ 06
93 May’06
2
87 H
May’06
113*2........ 116
122*8 125
113 113
109*2 110
98*2 100
91
93
115 1163
4
113*2........ 116 May’ 06
106*2 111 * 11434 Jan ’ 06
>
116 116
110 *8 1143
4
Q
Q
i b 9 ” 115
98*4 100=8
110 114
122*2
98*4 J’ne’06
110
J ’l y ’ 06
75
78*j
743 76
4
98 101
... j103 J ’l y ’ 06
103 1C63
4
................... '102
A p r’ 02
106'8 Sale j106*8 106 *f
104 *2 logs*
105 105
102*2 ......... 105 J ’l y ’ 06
8734 _____ 90*2 J ’ne’06
90*2 90*2
90
923
4
87*8 92 I90 J ’ly ’o*
98
96
97-6 973
4
97-, 54 96
88=3 8 9 * ! .....................
873 ......... 90*2Mar:ut
4
90*2 90*2
117*2 122
1 V 2 % ........ 1
120 *2 Sep ’ 0i
ICO H
......................i108*4 A u g ’ Oi
es*-
98*2 D e c ’05
96 Jan ’04
96*4 Jan ’ 0t
9S3 A p r ’ 04
4
96*4
96*4
102
109 * 1 1278
2
109*2112*4
6
1113 110 J ’ly A1
4
1107e Sep ’ Ut
112 *2 -J’ue’05
101*4........ 99 J ’ne’ Ot
90*2........ 90 Sep ’06
99
99
89®6 91*8
127 Oct ’02
........ L19 J ’ne’Ot
........ ' i l 9 A p r ’ 04
10
105 *2 ; 104 L J’l y ’06
........ .......... I l l H Sep ’ 04
a
117*2 119
l04 *2 106 *3
................. 106 Aug’05
9 6 34 Sale j 96*4
97
1005 Sale 100 58 101A
s
104*4 Oct ’ 05
110 J a n ’ 05
108
22
92 A 101
96 1053
4
S e p ’ 0 6 . . . . L05
108^
M IS C E L L A N E O U S B O N O S—C ontinued on N ext F a g e
C oil ! a n d Ir o n
Col F Sc I Co gen s £ g 5 s.. 1943
C onvertible deb g 5s___1911
Col C & I D ev gu 5s g ..l9 0 9
Col Fuel Co gen gold 6 s. 1919
Gr R iv Coal & C 1st g 6sl919
Colorado Industrial
1st m ge Sc coll 5s g u ___1934
Contin’ talC ls t s £ g u o s g.1952
J eft & Clear C & I 1st g 5s. 1926
2d gold 5s.......................... 1926
K a n & H C & C 1st s f g 5 s.l9 5 1
Pleas V al Coal 1st g s f 5s. 1928
Tehn Coal gen 5s.............. 1951
Tenn D iv 1st g 6 s ....... al917
Birrn D iv 1st consol 6 s .. 1917
Cali C M Co 1st g u g 6 s. 1922
D e Bar C & 1 Co gu g 6 s .1910
Y Iron Coal & Co 1st g 5s. 1949
T e le g r a p h an d T elep h on e
A m Telep & T el coll tr 4s 1929 J - J
90% 9 6 ^
91*2 90»s J ’l y ’06
Comm Gable Co 1st g 4 s ..2397 Q- J
92
96*2 98
96*2 J'n e’06
M et T & T 1st s f g o s ....... 1918 M-N
109*2 May’05
Y & N J Tel gen g 5 s ..1920 M-N
107 *2 Oct ’ 04
105*4 J ’l y ’ 03
103 109*2
102=8 A p r ’ 06
1 0 2 =s 102=8 W est Union col tr cur 5s. 1938 J - J _____105*2 104 Sep ’ 06
101*2106
Fd and real est g 4*2S.._1950 M-N 101 102
102*4 Sep ’ 06
106*2 107
F-A
Mut U n T el s fund 6 s ... 1911 iVl-N 1 01 *2 .... 106*2 M ar’ 06
77 Sale
70 73
75*2
77
83L
F-A
N orthw T el g u f 4*28 g.,1934 J-J
103 J ’l y ’ 04
107=8 D e c’ 04
J-D
107 May’ 97
J-D
102 *2 Oct ’ 03
lla n u ia c tu r in g & Industriai
J -J .........105*2 105*2 Oct ’ 05
94
98
J -J
105 Oct ’ 00
Am Cot Oil ext 4 * S.......... 1915 Q-F
2
96
97
94 Aug'06
91 Sale
J -J m i n 98*
90 *2
91*ft lr 89*2 100*8
97=4
9734
97 101*> Am H ide So L 1st s t g 6 s. .1919 M- S
90 Sale
89
91
A-O 107 ......... 106
50 8 6 3 94
107
4
103 110*2 Ainer Ice Secur deb g 6 s .. 1925 A -0
98 104
98 Sep ’ 06
J-J 107*2109 * 107 78 107
Am Spirits M ig 1st g 6 s . . 1915 M-S
98*2.......
2
106*4 111
88*2 91 7
8
J-D
102 D e c '03
Am Thread 1st col tr 4 s ...1919 J-J
90 *s-___ _ 90 A u g ’ 06
F-A 101
100 A ug’ 06
100 1033 A m T obacco 40-yr g 6 s ---- 1944 A-O 111*8 sale 109*4 1 l2 *2 176 109*4 H 7* b
4
94
94
76*8 84
78 Sale
78 32i
.VI-S
4s........................................ 195l|F-A
94 Sale
77*2
9 13 98*2
4
No price Friday; latest bid and asked. al)ue Jan b Due Feb c Due Mar d Due Apr h Due J’iy A Due Aug 0 Due Oct p Due Nov q Due Dec s Option Sale
:
F-A
F-A
85
J -J
iVl-N 101
A -0
100
97*2
97*
83 J ’l y ’ 06
10
97*2105
88 102*4
O ct . 0 1900
BUN l)>
X . Y. STOCK E X C H A N G E
W eek Hkuixq Oct 5
New York Bond Record— Concluded—
.J
l*rice
fY id a tj
Oct :>
Week's
Sange or
Last Sale
j
1,G .W >
| 15 c
Lange
N/U.v
N. Y. STOCK E X C H A N G E % £
January 7
Week endixo orr 5
-2
-8
hu m A*0 !Low Cioil
Hia
As^ Low
Penn J
tlii—( t ontinued)
11U% F e b *00
M-N
109 110%
Pluiu Kill vV W 1st g 4 s ..1
J - J ...................
S on Jo Lewis 1st g 4 s . . J
... 11-1
11 6 % Sep ’ i»‘J
U N J RJR. X Can gen -U.l
Peus&cota it A ll Sec L<& N:\sl.|
Peo it East See C C C < St L
fc
IH V j ____ 123 % Jan ’();•
Peo A oek U d 1st g Os---- 1921
2u x 'O ld 1 %S.................... 519'. IM-N . . . . . . . . . . . . 100% Dec o
.J -D . . . . . . . . . . . . 109 A pr *02
G
A O 1 11*4........ 112 % Apt ’O
ill-'S i i l 8
.Yl-N
111 >1
110%
: : : : 106% 1 1 1 %
A - 0 i o i K ......... 10G % Sep *06
....
S a g i'lls iv l i 1st cu g 4 s .1931 F-A
P h U B A W See Penn KK
115% Mar*06
115 % 115 %
PliiJa <C Reading c o d s 7 s .1911 J -D
Pm e Creek reg guar Os...1932 j J -D ................... 137 Nov*97
I...................
Pitts Cm A Si L See Penn Co
Pitts Cleve a Tol Set B it O
P u ts Ft W A Cli See Penn Co
120 Oct ’01
Pitts J one 1st gold 6 s ....... 1922 J-J
Pitts a - L E rie'2 it g 5 a ...a l9 2 8 A-O J07 Hi........ 112% Deo *02
....................
p u ts M cK ees A Y See N Y Con
120
M ar’O
G
A-O
|118 1 2 0
... i l 9 L 98 j ’l y ’ 97
J -J
Fit to it West Set B A G
....... L16 May’ 05
Pitts Y A A sh 1st con o s .1927 M-N 1 1 1
r
98%
99%
os im
J-J
R eading Co gen g 4s.......1997 J-J 99 bj Sale 100% J’ne’06 °bo 9 9 *0 1 0 0%
%
R egistered....................1997
7 97 1 0 1 %
96
9SL 97%
97%
Jersey Cent coll g 4 a . . .1951 A O
Rensselaer A- Sar See l ) i t H
Rich A Ban See South By
Rich a M eek See Southern
Rio o r W est See Den A Rio Gr
109 Mar’ 05
Rto Gr June 1st gu g 5 s . . -1939 J-D
70 ........ 76 D e c ’05
J-J
89 Jan *05
G oa r a n teed......................1940 J - J
Rooh A' Pit to See B R & P
Romo Wat A Og S eeN Y Cent
106% Oct ’ 05
Rutland 1 st con g 4% s---- 1941 J -J
98% J ’ne’06 .... 98% 100%
J-J
OgA L Chain 1st gu 4s g.l94S
101 % N ov ’01
Rut-Canad 1st gug4s... 1949
J-J
ag Tue A 11 See Pere Alarq
90 ........ 90% Sep ’06
t Jo A Gr (si 1st g 4 s . . .1947 J-J
90
94%
122 J a n ’06
J-J
122 122
A-O
St L A’ Cairo See M ob A Olu
St L A Iron M ount See M P
St LKC< f c N See Wabash
St L M Br See T R R A of St
M-N 101 *^8___ 101 J ’ ne’06
100% 102 %
M-N 1 0 1 % ......... 101% J T y ’06
100% 102%
General gold 6 s ................ 1931 J-J ........ 12s
1 2 5 % Sep *06 ___ 125 127
6 109% 114
no
General gold 5 s................ 1931 J -J 109E 112 n o
9 0 Li 92
St L A S F R R cons g 4 s ..’ 96 J -J
95% J T y ’ 06 . . . . 95% 95%
South w D iv 1st g 6 s ..1947 A-O
102 % A ug’ Od
8 4 •'Sale 83%
84% 258 81% 88
R efunding g 4 s ............1951 J-J
97 May’ 06 .... 95*4 97
5*year gold notes 4 % .. 1903 J-D
K C Ft S A M con g Gs. .1928 M-N
120 % J ’ly *06 ___ 120% 121
60 81
81
82
K C Ft S A M R y ref g 4s 1936 A-O
82 Sale
37 7
s
K C A M R A B 1st gu 5s. 1929 A-O
St Louis So See Xlliuols Cent
17 94% 9934
8 t L S W 1st g 4s bd ctfs.1989 M-N
97 Sale
96
97
2d g 4s inc bond C tfs...p l9 8 9 J -J
G
82 ........ 84% A u g ’O . . . . 82% 89
Consol gold 4s.................. 1932 J-D
79 Sale
79
79% 10 76
82
Gray’s P t Ter 1st g u g 5s 1947 J -D
St Paul A D ai see N or Pacific
*
St Paul M A Man 2d G s...1909 A-O 105 1 0 5 1? 108 Sep *06
106%109%
1st consol gold Gs.............1933 J -J 1 8 2 % ____ 133% J ’ne’ 06 . . . . 133% L37%
R egistered..................... 1933 J-J
140 May’ 02
Reduced to gold 4 % s.. 1933 J -J 108% 109% L07% Sep *06
i*07°g 112%
R egistered..................1933 J -J
116% A p r ’ 01
M-N 109 ......... 108% J ’ly ’ 06 - . - • 108 111
Mont ext 1st gold 4s---- 1937 J-D
101 A ug’O
G
100 104*4
7 100* 1 0 0 %
R egis ter ed..................... 1937 J-D * ........ 100*4 100% 100%
4
9 9 % ........ 101% A u g ’06 . . . . 101*4 101%
E M inn 1st div 1st g 5 s ..1908 A - 0
X or D iv 1st gold 4 s___194c A - 0
Minn U nion 1st g Gs___ 1922 J -J
124 May’ 05
M ont C 1st gu g Gs.........1937 J-J
134*4 JTie’ O ... 134 136
G
R egistered..................... 1937 J-J
136*4 May’06 ..... 136*4 136*4
1st guar gold 5s...........1937 J-J 1 1 5 % ........ 116 A ug’ O ... 116 119%
G
W ill A S F 1st gold o s .. 1938 J-D 113 . . . .
121 % Oct ’05
S tP A J N 'o rP a c Nee N or Pac
St P a- S’ x C itv See C St P M AO
S Fe Pres A P h l s t g 5 s . . . l 9 4 2 M-S 1 0 6 % ......... 112% J-an’06
112% 112%
S A A A P See So P ac Co
S F A 2s P 1st sink f g os. 1919 J-J 108 ........ 110 Oct ’ 05
Sav F A West See A ll Coast L
Scioto Vai A X E See N or A W
Seaboai ii A ir Line g 4s ...1 9 5 0 A-O
8 3 7 Sale
&
S3%
84
5 | 83% 92
Coll tr refund g 5 s .........1911 M-N 102 ........ 102% 102%
2 101 103%
Ati-Birm Gd-yrlst g 4 s .e l933 M-S
97
89% 92
92*4 A u g ’O ___ 88
G
J-J * 9 5 % ........ 96% M ar’O
G
96% 97
J -J 106 ........ 10/ % A ug’ O
G
LO % 109%
T
1st iand gr ext g 5s ...1
J-J 1U5 ........
Consul gold 5s..............1943 J-J 106%
J09% Mar*0*5
Ga A A ia R y 1st con 5s ol945 J -J 1 0 8 % ........ 110% May’06
L10% 111 %
Ga Car A 27o 1st g u g 5 s 1929 J-J 1U8
110 J a n ’05
J-J "108 ......... 1U8 A u g ’O . . . . 108 i i o
G
Sher Shr A So See M E A T
Sil Sp Oca A G See A tl Coast L
1
Sod Bay A So 1st g 5 3 ....... 1924 J -J
102 Jan *03
So Car A Ga see Southern
So Pac Co—RR 1st rei 4s. 1955 J-J
95%
96 150 1 94% 97%
96 Sale
Goid Fa (Cent Pac coll). Arl949 J-D
92 % Sale
91%
92% 35 91% 96%
R e g iste re d ..................LT949 J-D
91% May’ 06 ___ 91% 92
A A I. W 1st ga g 0 3 ___1941 J-J 1 0 4 % ......... 109% F eb ’06
109% n o
Cen: Pac 1st ref gu g 4s 1949 F-A
99 % Sale
98*4
99*4 27 , 98% 102%
98% 98%
-. - 5
1
1949 F-A
98% May’ 06
M ort guar gold 8 * 8 ..£ 1 9 2 9 J-D
3
89
87
6 86
8 6 % ........ 86 %
T lu ou gh St Li 1st gu 4s ’54 A - 0 ................... 95 J ’ne’06
95
99%
Gai H ar A S A 1st g 68..1910 F-A 104 105 106 Feb ’06
106 106
M ex A Pac 1st g 5s___1931 M-N 110 ........ 111% J’ ne’ 06
110 111%
Gila V G A 27 1st g u g os. 1924 M-N 106 ......... 106^4 J ’ly *06 ___I 106 1 0 8 1
4
Holla E A W X 1st g 5s. 1933 M-N
107% F e b ’05
1st guar os red.......... 1933 M-N 1 0 3 % ........ 104 'A u g ’ O
G
103% i05 %
H A T C 1st g 5s int gu._1937 J-J .........111% 111% 111%
i 109 % 111%
Consol g Gs int g u a r ...1912 A-O n o
111 115
L1 2
115 Sep 06
Gen gold 4s in t g u a r ..1921 A - 0
3 93 % 99*4
93% Sale
93*4
93*4
W aco A 27 W div 1st g 6 s ’ 30 M-N
127% Feb * 2 l
0
L
S
M IS C E L L A N E O U S
J-J
Consol T obacco 50-yr
Reei.si4.-red 4 s ........
A -0
F-A
.1951 F-A
A-O
in t Paper Co ist con g 6F-A
Con-oi coir.* a i g 5s....... 193 d j J-J
In t >* Pum p i U-yr con v . 08 *13 J-J
K Dicker Ice : e lite ) 1st g 5 s .’ 28 A -0
Luck aw .Steel 1st g f»s___1923, A - 0
N at Starch M lgC o l s t g b s 1920 M-H
Nat sn.rcit Co * 1 deb 5 s.. 1925 ■J-J
R epu b I < S lstcfe co ltr o s. 1
fc
AO
U 25 Leath Co s 1cleb gG s.. 1
M-N
U S Realty < I conv d e b g 5s ’24 r J-J
fc
U s steel CorplU-60 yr5s.<
!m - n
R egistered............April 1
IM-N
Va-Car Chera col tr 5a g
AO
Page 4
LYic*
jritia 0
Oct 5
Weekfs
Lange or
Last Sale
8*
c. . !
0
Range
S 1nee
January l
W
Hui
ASK Low
High No JLow rttgri
_
122 % ........ 127 S e p ’ 0 6 _ .27 127
1 1 3 % ........ 118 F e b '06 . . . .1 118 118
106 Sep *04 •■ ■
■!
1
113 .1au ’01
100 ........ 99 A ug’ O —
G
99 102%
< 7 %Sale
>
87 %
o7 % 2 35% 90
103% 109 105 % S e p ’ O ___1 101% 105%
G
105 ........ 107 A p r '06 ... 106% 107
102 J a u '06 . . . . 102 102
108 ........ 111 A ug’O . . . . 111 113%
G
- - - - - ........... 114% Dec '04 . . . .
119 J a n '06 . . . . 1*19 119
] 08% J ’ly ’05
>
............... 104% Sep *00 . .. 104 % 1.06%
. . . . . . . . . . . . 111 % J a n ’ 0 6
102 ........ 104 S e p ’O . . . .
G
8
115 % 116 115*4 115 8
110 J ’ly ’ 06 . . . .
93 ........ 93
93
1i
117 Sails 116
117
95 ........ 95
95 % £
113 J a n ’ 06 . . . .
1 1 3 % ........
. . . . . . . . . . . . 96 J ’ ue’06 . . . .
9 0 % ........ 92 J ’ne’Oo —
1 1 1 % ........
1 1 4 % ........
118% 119%
111%114%
........ 71*4
119% 1 2 0
........ 1 2 2
113*4........
1 0 7 % ........
89 ........
1 0 7 % ........
.........
I ll
1 0 6 % .........
1 0 9 % .......
1 1 1 % ........
1 0 9 % ........
93 * .........
4
.........
Ill
116 % May’05
116 May’06 - - ••
6
118% 118%
114% J ’ ly ’06 . -..
72% A u g ’ O . . . .
G
119% Sep ’06 . . . .
122% A p r ’ 06 ___
LI4 Sep ’06 ....
112% J a n ’06 . . . .
98 F e b ’05
107% J T y ’ 06 . . . .
123 Feu ’ 02
110 D e c ’ 04
113 D e c ’05
111% Sep ’ 06 ••••
109% May’06 . . . .
97% May’05
111 % A ug’O —
G
117
100
1 0 5 % ........ 109
1 1 4 % ........ 120
94%
......... 96
1 1 0 % ....... . 111
n l% 1 1 1 %
IU4 111!
115 119%
no
117%
98
98%
115 119%
94*o 993i
113 113
96
96 %
92
92
114*4
L1G
113%
72%
119%
116
1 19%
116%
72*4
123
122*4 1 2 2 %
1 1 2 % 116
112% 112%
105
108%
L ll% 114%
109 *2 114 %
111% 114%
JT y’O
O
N ov ’04
May’ 06
109 112
A p r ’ 06 . . . . 119 120%
Sep ’ 06 . . . . 94% 100*4
J’ne’06 . . . . L ll 1 1 1
1 1 8 % ......... 118% 119
4
92 100
95 Sep ’ 06 . . . .
103 ........ 110 Mar’O . . . .
G
106% N ov’04
........ 113% 113 % A u g ’ O ___
G
.........113
111 May’04
106 107 106 A ug’ O
G
9 6 % ........ 98 S e p ’ 08 . . . .
90
92
39 % Sep ’ 06 . . . .
89
9*2
1
88*4
88*4
8 1 3 4 Sale
9
81*4
81%
........ 98% 99% N ov ’ 05
.........114
111 A ug’ O
G
90% 93
93 S e p ’ 06 . . . .
103 Sale 1 0 2 % 103% 361
102% 103 102% Sep ’06 ___
100*4 1 0 1 % 1 0 0 %
101
27
120 123 1 2 1 * 4 Sep ’ 06 ___
.........117% 116 S e p ’06 ___
9 0 Sale
94%
95 1 0 0
1
94%
94*4
1 0 3 % ........ 105 A ug’ O ___
G
108*4........ 110 J ’ne’ 06 —
98 ........ L02% F e b ’ 06
9 7 % ........ 98 Sep ’ 06 —
11G
85
124
102
108% 110
111% 115%
106 109
95% 99%
89% 93%
8 8 * 4 90
80% 84%
110
93
113*4
94%
1 0 2 % 106%
1 0 1 * 4 106%
99% 102
120
126
110 119
94*4 97%
94*4 94*4
105 105%
no
no
102% 105
98
98
114
115
104
........ 112% A p r ’ 06
108 114
Sale 115
19 1 1 2 % 116%
115
104% 104% 104%
3 104 109
88
........ 96 A ug’ O ... 87% 98
G
79
81 186 72% 8 6 * 4
80*4 Stile
100 Sep ’06 __ 109 1 0 0
91 ........ 93 M ar’06 ... 93
93
1 0 9 % ........ 109% Sep ’ 06 . . . . ios n o
97 N ov’ 04
......... 80
85 % May’06
84
85 %
9 3 % ........ 9 4 * 4 A u g ’06 .... 92
95%
109 ^ Mar’ 03
83 Sale
83
83
1
82% 90%
35
36
3o *4
36
23 34% 41*4
82 % Sale
82%
84%
i 82%
70
72
74 S e p ’ 06 __ 69
115 ........ 115*4 Sep ’ O
G
114
93% Sale
93%
93%
5 93%
3U ........ 30 May’06 —
30
106
......... 106% Aug* 06
112% J T y ’06
112% F e b ’ O'
111% A ug’05
* .........
88
90
Sale
88
102*4
89%
88*4
D e c '05
90
8 S%
76%
118
97%
31
106% 109
112 114
112%112%
4
87
93%
58
39
95
1
BON ILS—C o n c lu d e d .
1
UliMcellancoiiK
Adams Ex col tr g 4 s .........1948 M-S 1 0 2 1 0 2 % 102*4 102%! 5 1102 104%
Am Dk & Imp 5s See Cent N J
Am SS Co of W Va g o s ___1920 M-N
100% J ’no’02
B’kl’ n FerryCo 1st cons g 5.s *48 F-A ........ 45
46 % 58
17 J ’no’06
Chic J c & St Yard col g 5s. 1915 J-J
108 J ’l y ’05
Det M < M Id gr in com es.. 1911 A O ......... 70
fc
70 Sep *u6 j
69*a 78
Hoboken L < I gold 5 s ...1910 M-N
fc
Mad Sq Garden 1st g 5s. .1919 M-N
Man Bell II < L gen g 4 s.. 1940 M-N
fc
50 Feb *02
Newn Ne Ship 4c D l) 5s d l9 9 0 J-J
X Y Dock 50-yr 1st g 4 s.. 1951 F-A
94%
95 I 19 93 b 98
94% 95
99
99
Provident I»a n S o c4 % s .l9 2 1 M S
99 May’06
St Joaeph Stk Yds 1st 4 % s.l930 J -J
100% Sep '0 5 1
St L Ter Cupples Stat’ n & Prop
■
Co 1st g 4%s 5-20 y ear.. 1917 J-D
s Yuba Wat Co con g 6 s .. 1923 J-J
M2 j 'l y '04
Si) Val Wat W orks 1st 6 s .1906 M-S
113% JTy ’Ou
95 108
U S Red 4c Kef 1st s r g Gs. 1931
........ 1 0 2
517%
97%
6 Due Feb cDue May gDueJ'uo /iDuuJ'ly p DueNov * option Sol*
96
......... 95
96 Aug'06 ... 96
98
lu0% 196 96% 102%
98% S;de
4 77
83%
77 % Sale
77*4
77*4
. . . . . . . . . . . . 78% M ar’O . . . . 78% 737*
G
90
87 % Sale
86%
91% 83 81
10b
106% 105 % S e p ’ 0 6 ... 105% 110%
93% 94% 94 % Sep ’ Ob ... 94 100
101
1 0 2 % 103
Aug'06 ... 10138 104*6
9 7 % ........ 97% Oct '06
IU3 Sah- 102% 103
j 2 1 0 2 % 108%
89 % Salt
:.j 85
93%
89%
89%
77
73
7‘J
74 Sep 'Ub ..... , 73
9H
98
98 ........ 98 Aug 0 *
lo y i n * . 109% JTy ’06 ...j 107 109%
lrj 90% 99%
91 ........ 91
91
99 % Sale
98%
99% 3 1 95% 100%
|
99% Sale
98 %
93 % C| 96% 100%
|
97 % Sal*97%
97 % 201 97% 101 %
N o price Friday; latest bid and asked this week, o Due Jan
>ouihern Pac Co—(Continue.*
M organ’ s La A T 1st 7s. 191S A o
1st gold Gs.................... 1920 J-J
N o of Cal 1st gu g Gs___1907 J -J
Guaranteed gold 5 s___1938 A-O
Ore A Cal 1st vuar g 5s. 1927 J - J
S A A A Pass 1st gu g 4 s. 1943 J J
So 1 o: A r r u 1st g Gs.. .c l 909 J - J
*
1st guar g Cs..............cl910|J-,7
8 V of Cal 1st g Gs C A D 1900 A O
1s t g Gs series K A F . . . 1912 A - 0
1st gold Ga..................... 1912 A -0
1 st con guar g o s .........1937 M-N
S tam ped..........1905-1937 M-N
S Pac of 27 Mex 1st g 6 s ..1911 J-J
So Pac Coast 1st gu 4s g. 1937 J - J
Tox A RTOSab D i v 1st g 6 s. 1912 M-S
Con gold 5s................... 1943 .J-J
Southern—1st con g 5s— 1994 J -J
Registered..................... 1994 J -J
Mob A Ohio coil tr g 4 s.. 1938 M-S
Mem Div 1st g 4 L .5 s ... 1996 J-J
St Louis div 1st g 4 s ---- 1951 J-J
A la Cen R 1st g Gs.........1918 J-J
A tl A Danv 1st g 4 s___11948 J-J
2d 4 s ............................... 1948 J -J
A tl A Yad 1st g guar 48.1949 A - 0
Col A G reenv 1st Gs....... 1916 J-J
E T Va A Ga D iv g 5 s.. 1930 J-J
Coil 1st gold 5s.............1956 M-N
K Ten reor lien g 5s....... 1938 M-S
Ga Midland 1st 3s.......... 1940 A - O
Ga Pac Ry 1st g Gs.........1922 J-J
K nox A Ohio 1st g 6 s . . . 1925 J-J
Rich A Dan con g 6 s ___1915 J-J
D eb 5s stam ped.............1927 A - 0
R ich A Meek 1st g 4 s ... 1948 M-N
So Car A Ga 1st g 5s___1919 M-N
V irginia Mid ser C 6 s .-.1916 M-S
Series D 4-5s................ 1921 M-S
Series E 58..................... 1926 M-S
General 5s..................... 1936 M-N
Guar stam ped.......... 1936 M-N
W O A W 1st cy gu 4 s.. 1924 F-A
W est N C 1st con g 6 s .. 1914 J-J
S A X A la See L A N
Spok Falls A N or 1st g 6 s. 1939 J -J
Stat Isl R y 1st gu g 4 % s..l9 4 3 J-D
Syra B ing A N Y See D L A W
'|*er A of St L 1st g 4 % s ..l9 3 9 A-O
J 1st con gold 5 s___1894-1944 F-A
L
Gen refund s t g -as.........1953 J-J
St L M B ge T er gu g 5s. 1930 A-O
T ex A N O See So Pac Co
T ex A Pao 1st gold 5s....... 2000 J-D
2d gold in c 5s.................. <72000 Mar
La D iv B L 1st g 5s....... 1931 J -J
W M i n W & N W 1 s tg n 5 s ’ 30 F - A
Tol A O C 1st g 5 s .........1 9 3 5 J-J
W estern D iv 1st g 5 s ...1935 A-O
General gold 5s................ 1935 J-D
Kan A M 1st gu g 4 s ___1990 A - O
T ol P A W i s t gold 4 s . . . . 1917 J-J
Tol S tL A W p r lie n g 3 % s .l9 2 5 J-J
50-year gold 4 s ................ 1950 A - 0
Tor Ham A B uff 1st g 4s./EL940 J-D
con g 5s 1928 J-D
U lster A Del 1st 4 s .......... 1952 A-O
1st refund g
Un Pac R R A 1 gr g 4s ...1 9 4 7 J-J
R egistered..................... 1947 J -J
Ore Ry A N av con g 4 s .1946 J-D
Ore Short Line 1 s tg 6 s .. 1922 F-A
1st consol g 5s.............. 1946 J-J
Guar refund 4 s ............1929 J - D
R egistered..................1929 J - D
Utah A N or 1st 7s.........1908 J-J
Gold 5s............................1926 J -J
Uni N J R R A C Co See P a R R
Utah Central See R io Gr W es
Utah A N orth See Un Pacific
Utica A Black R See N Y Cent
F-A
\/andalia consol tgg 4 s ___1955 J -J
era Cruz A P ls u 4 % s l9 3 4
V er Vai Ind A W See Mo P
V irginia M id See South Ry
Va A South w’t 1st g a 5 s .2003 J-J
goid 5 s....... 1939
W abash 1st5s..................1939 M-N
F-A
2d gold
Debenture series A ....... 1939 J -J
Series B .......................... 1939 J-J
1st lien equip s fd g o s .. 1921 M-S
1st lien 50 yr g term 4 s .1954 J-J
D et A Oh E x t 1st g 5 s ..1941 J-J
Des Moin Div 1st g 4 s ..1939 J-J
Om D iv 1st g 3% s........... 1941 A-O
Tol A Cli Div 1st g 4 s ... 1941 M-S
St Clias Bridge 1st g 6 s .1908 A-O
W ab Pitts T erm 1st g 4s. 1954 J-D
2d gold 4 s .........................1954 J-D
W arren See Dei Lac A W est
Wash Cent See N or Pac
Wash O A W See Southern
W est Maryland 1st g 4 s . . . 1952 A-O
Gen A conv g 4 s ............1952 A-O
W est N Y A Pa 1st g 5 s.. 1937 J-J
Gen gold 3-4s................... 1943 A - 0
Incom e 5s.......................d l9 4 3 N o v
W est N o Car N'ee South R y
W Va Cent A P 1st g 6 s ..1911 J -J
Wheel*g A L E 1st g 5 s ...1926 A-O
W heel D iv 1st gold 5 s ..1928 J-J
E xten A Im p gold 5 s ...1930 F-A
R R 1st consol 4s..............1949 M-S
20-year equip s f os ...1 9 2 2 J-J
W ilkes A East See Erie
W il A Sioux F See St P M A M
W isC ent 50-yr 1st gen 4 s .1949 J-J
803
OHICAGrO STOOK EXOHAWGrE—Stock "Record—T)aily. Weekly and Yearl1
?
STOCMti—H lGM &BT A N D LO W EST SA LE PR IC E S
Saturday
Sept 29
M onday
Oct 1
Tices devy
Oct 2 '
Thursday
Oct 4
Wednesday
Oct 3
*64
*6 4
*17
504
20
504
86
*26
*664
34
*244
*60
*28
*98
*30
64
554
121
130
6*4
21
50 4
86
27
67 4
35
264
62
95
29 4
264
644
"30
*26 4
*62
93
86
264
67 4
32
264
66
94
100
32
*30
64
5 54
131
*6 4
*18
62 4 *.........
624
86
lta ilroa d n
Sep ’06 Chic City B y .......
10«
Chic Pass B y .......
“ 6 4 Chic & Oak Park.......iu«'i
“ 6*4 “ 6 “
6 k 18
S e p ’06
Do
prof.............. 10U
51.
514
52 4 Oliicago Subw ay.......10U j
5
*4 4
5 4 Chic Union T ra ct___10U j
19
T7
38
Do
p re f.............. 100
624
624
634 Kans City By «fe L l ..100
854
86 4
854
Do
pref.............. 100
27
Metropoi W S K iev.. 100
66
66
664
Do
pref.............. 100
*30
35 N orth Chic S treet___lOOj
35
25 k
25 4
25 4 N orthwestern E lev..l00|
S a l e 6‘ 6
A u g ’06
Do
p re f..............100
94
94
04 South Side K iev........ 100
28 4
284
28 k Streets W Stable C L 100
100
99 ^
99
Do
p re l..............100
32
W est Chic Street....... 100
I a s t S ale. 140
165
*V g"
* 17
504
T rid ay
Oet 5
64
56
*121
32
64
5 64
*1
14
14
*6
64
64
143
150 *
494 494
116 1184 *116 1184
109 110 4 *1 0 9 4 1 1 1
1 2 4 4 125
125 125
52
52 *
*48
*1
*6
145
6 9 4 694
117 117
87
87
116 119
/5
is
*62
*854
*26
62 4
86
*26
27
*66
68
*66
*30
32
*25 4 26 4
*62
62k
94
94
*28
294
*98 100
*29
33
*30
*2 5 4
*62
94
*28
*98
32
rs
>
564
64
6 64
6
6
564
121
121
121
“
6
21
k
" * g“
*6
*50
*4
*17
62 4
854
*26
664
35
25 4
L a st
94
5
18
62 k
86
27
63
32
27
66
94
294
28 4
*98
*23
100
32
64
57
64
67
121
121
*12841 31
131
62
62
624
108
.......
*30
*374 39
39
108 *104 108
*56
58
58
*1
*1
14
14
*6
*6
64
64
140 140 *140 150
50
50
49 4 49 4
1 1 8 4 1 1 8 4 *1124 120
110 110
110 110
125 125 k
126 125
50
4 8 4 4 8 4 *48
67*4
6 74 674
117 117 *11 7 4
*85
*80
88
116 119 *117
55
95
96
1164 U S
133 140
102 103
*1*8
14
104 10*8
33
*314
*6 *"
*18
64
21
86
"129 131 *1284
614
614 614
108
108 108
*30
*30
*38
39
*37 4
*104
*104 108
*
■
*56
58
* 3 7 4 39
104 108
*57
58
64
574
121
*1284131
62 4 62 4
*107 4 1 0 8
L a s t S a le
L a st s a te
L a s t S a le
L a s t S a le
L a st S a c e
, L ast S a le
L a st S a le
L a s t S a le
140 140
"49
50
*1 1 6 4 119
no
110
125 125
*47
484
L a s t S a lt
L a s t S a le
L a s t S a le
L a s t S a le
6 8 4 69
1174118
*85
88
119 119
L a s t S a le
L a s t S a le
L a s t S a le
93
93 4
116 118
135 136
102 1024
14
14
68
68 4
684
117 117
118
*85
87
88
119 * 1 1 6 4 1 1 9
*
55
94
04 *
95
95
96
4
1 1 6 4 1184 1153 1174 1144 116 4
130 136
*131 1344 131 131
102 102
102 102^ *1 0 1 4 1 0 2
14
14
14
14
14
14
104
104
11
11
114
114
3 2 4 324
3 1 4 314
3 14 3 2 4
*314 324
L a st S a lt
L a s t S a le
L a s t S a le
94
9%
94
44
94
44
L a s t S a le
*44
44
L ast Sa le
L a st S a le
BONUS
C H IC A G O STO CK E X C H ’ GE
eek
Price
Prictay
Oct 5
E nding O ct 5
A m er B iscuit 6 s ................ 1910
A m er Straw board 1st 6 s.. 1911
Cass A v e & F G (S t L ) 5s. 1912
Chic Board of Trade 4s .. .1927
Chic Consol Br So M l t 6 s ..........
Chic Consol T rac 4 '4 s........1939
Chic E dison debent 6 s^ ...l9 1 3
1st gold 5 s ..................... 7rl926
Chic A uditorium 1st 5 s ... 1929
Chic D ock Co 1st 4s.......... 1929
Chic N o Shore E lec 6s___1912
Chic & M il E lec B y 5s . . . . 1919
Chic Pneum T ool 1st 5s .&1921
Chic B ock I & P ac B R 4 s .2002
Collat T ru st g 5 s ............1913
Commonwealth E lect 5 s .51943
Illin ois T unnel 5 s .............1928
K ans City B y & L t Co 5s. 1913
Knickerbocker I c e 1st 5s. 1928
Lake Street, E l 1st 5 s.......1928
In com e 5 s ........................ 1925
M etr W Side E i 1st 4 s .... 1938
E xten sion g 4 s .............,.1938
N orth Chic St 1st 5s.........1909
1st 5 s .................................1916
R efu n din g g 4 4 s .......... 1931
N o Chic City B y 4 4 s ...1 9 2 7
N orth W est’ n E l 1st 4 s. . . 1911
Ogden Gas 5 s ..................... 1945
Pearsons-Taft 5 s ................ 1916
4*40s........................................
4-80s Series F ................. .......
People's Gas JL<& C 1st 6s. 1943
B efu n din g g 5 s .............. 1947
Chic Gas L t & C 1st 5 s.. 1937
Consum ers’ Gas 1st o s .. 1936
M utual F u el Gas 1st 5s. 1947
South Side E ley 4 4 s .........1924
S w ift So Co 1st g 5 s .......... 1914
U nion E l (Loop) 5s.......... 1945
Union P acific conv 4 s ___1911
U nited B ox Board 6s...............
W est Chic St 1st o s .......... 1928
T unnel 1st 5s ................... 1909
B eben t 6 s ........................ 1914
Consol g 5 s .......................1936
W est D iv City B y 4 4 s .. 1932
W est’rn Stone Co o s ....... 1909
Bid
F -A
A sk L 0 1 0
J -J
9 9 4 ____
J -J $102-4 Sale
J-D .........1 0 1 4
J -J
J-D t “ “ “ “ 55
J-J
A -0 100 102
F -A ..........100
A -0 ......... 9S
A -0
J -J
J -J $ 815 Sale
s
M-N
M-S
M-S
J -D
M-N
A -0
J-J
Feb
F A
J -J
J -J
J -J
A -0
M-N
M-S
M-N
J-D
M-S
M-N
F-A
J-D
M-N
J -J
A -0
Week's
Range or
Last Sale
140
117 :
275
200
100
290
075
10
171
11
300
462
550
20
1
Highest
Sep 28:200
5 4 Sep 4
18 Sep 27
39 4 J ’ly 13
4 J ’ly 1 2
1 2 4 May 18
54 4 -Jan. 2
854 Sep 4
26 M »r3I
66 A pr 30
25 Mar Id
23 4 J ’ly 21
60 May 23
89 4 A pr 30
27 May] 8
98 Jan 26
23 A pr 10
j
lAment i Highest
Jan 5 180
4
7-> Jan 17
4
2 8 4 J an 2 16
69 M a y l' 40
6
13 4 Feb 20'
46 4 Mar 12 26
68 4 Feb 9 ! 30
93 4 Feb 8 82
30 J ’ne 8 1 20
72 4 Jan 13 • 59
85 M a rl2 - 55
28 4 Feb 23 i. 21
68 4 Mar HI 60
90 J ’ne o j 90
304 Mar 2|j 27
102 J ’ n e15 j 96
00 Feb 19! 40
Jan 205
J'iv
i • Jan
'i
£Jy 28 Dec
Oct ST>4 Aug
J ’lH 1 3 4 Feb
J ’ ly 51 Feb
Jan 00 Sep
Jan 92 s xep
Jan j !>^ io Oct
Jan i 7 3 4 Sep
J ’Jy j 59 Feb
Ma\' 26 Dec
Mar 08 Oct
Maj 100 Aug
Aug 30 Sep
K m Mar
J’ U( 72 Feb
*3
S .-3
o o
Range
Since
January 1
H igh No. Low H ig h
9 9 4 1004
1024 1034
L01 101
55
55
104 104
102 1034
9 6 4 964
87
F e b ’ 00
814
814
80
N ov’04
A p r ’04
Sep ’ 06
10241054
A ug’06
90
95
Sep ’ 06
98*41004
J ’l y ’ 06
99 100
A ug’ 06
9 5 4 100
May’ 05
91 k 14 91
95
7 8 5 4 89
854
F e b ’ 06
90
90
87
87
N AM E
1 H vidend Record
Outstand Surplxts &
ing
In
in j Ler- Last P aid
Pt'o/itsj
1904 \ 19Uo wd
Stock\
•
$2,000,000 \$1, 133,33.1
8
Oct ’ 0 6 , 2
Bankers National
8
100,000
3^,314
N one : J -J J iy ’06, 5
Calumet N ational........
10
500,000 §120,146 8-j-5
J’iy ’ 06, 5
Chicago City.................
k 72,069
Chicago S avings.......... k 500,000
12
12 j Q-J Oct ’06, 3
,000,000 1,950,96'
Commercial N ational..
8
8 10-J Oct ’06, 2
Continental N ational.. 4,000,000 2,196,917
50,000
§3,25s
6
Cook Co State Savings
: q - j Oct ’06,
6
12
12 ik>-j u ct ’06, 3
Corn Exchange N a t... 3,000,000 4,lUO,867
200,000
20,57.
6
6
Q-J Oct ’ 06, Ika
D rexel State.................
600,000
Q-J Oct ’ 0 6 , 2
316,716
8
8
D rovers Dep National
.
200,000
§27,740
E nglew ood S t a t e ........
Q-J Oct ’06, 1^3
500,000
6 i ,634 Began bn sin ess Oct 16, 1905
Federal N ational........
F irst N ation a l............. 8,000,000 6,742,340 12
1112 Q-J Oct :06, 3
100,000
130,530 6 + 4
F irst N at E nglew ood..
10
Q-J Oct ’06, 2ki
634,529
P n v ate Ba nk
500,000
Foreman Bros B ’k ’g Co
305,227
6
F ort Dearborn N at___ 1,000,000
6
Q-J Oct ’ 06, Iks
500,000
167,482
H am ilton N ational —
8
8
H ibernian B ’k’g A ss’n 1,000,000 1,078,315
Q-J Oct ’06, 2
200,000
59,73.
Kaspar state Bank___
200,000
17,671
M onroe N ational........
Q-F Aug ’ 06, 1
250,000
61,187 Began bus in ess OCt 2. 1905
M utual B a n k ...............
6
6
Nat Bank of R epublic. 2,000,000 1,059,309
Q-J Oct ’06, lk 2
National Live S to ck ... 1,000,000 1,328,26; 12+3 12+3 Q-J Oct ’06, 3
50,000
§5,744
N orth Side State Sav..
6
6
Q-J O ct ’06, Iks100,000
28,506
6
J -J u ct ’06, 3
Oakland N ational........
m
66,00.
250,000
Prairie N ational..........
88,957 TJ3S
250,000
Q-J Oct ’06, 2
8
Prairie State.................
300,000
216,827
8
8
Pullm an Loan So S av ..
Q-J Oct ’06, 2
5,013 Began busin ess July 3, 1906
250,000
B ailw ay E xch an ge___
200,000
52,519
5
4
South Chicago Savings
Q-J Oct ’06,
855,943
6
S
Q-J Oct ’06, 2
State Bank of C hicago. 1,000,000
250,000
129,937
N one
Stock Yards S a v in g s..
36,49i Began May I., 190 5,
•200,000
U nion Bank of Chicago
.
200,000
N on e |
35,906
Q-J Oct ’06, Iks
U nion Stock Yds State
7
8
A m er T rust So Savgs.. 3,000,000 2,373,358
Q-J Oct ’06, 2
937,079
4
5 + Q-j Oct ’06,
Central T rust Co of 111 2,000,000
600,000
545,14.
54-5 Q-J O ct ’06, 2ks
5
Colonial T rust So S av..
6 ?Q-J Oct ’06, lk>
60,272
200,000
6
D rovers T rust & S a v ..
First T rust So Savings 1,000,000 1.435,726
12
Illinois T rust & Sav.. AH,000 000 6,896,882 12+4 1 + 4
I Oct ’ 06, 3
I
27,057 Began; Jan 3, 190 5
200,000
K enw ood Tr So Savings
18,524 Ur gal nized Nov 18, 1995.
200,000
Lake V ie w T r & s a v ..
8,14: In cor porate d M arcii, 1905
200,000
L ive Stk T r & Sav Bk.
12
12
Q-J Oct ’06, 3
M erchants’ L ’ n& Tr Co 3,000,000 3,843,431
309,541
750,000
6
6
J -J J ’ly ’06, 3
M etropolitan T r & Sav
8
Q-J Oct ’06, 2
N orthern Trust Co Bk 1,500,000 1,586,954
40,599
200,000
. . 8. i
.
Peoples T rust So S a v ..
F -A Aug ’ 06, 3
502,63 i
500,000
6
Boyal T rust C o ............
6
805,485
Union T ru st C o............ 1,000,000
270,887
6
6
Q-J Oct ’ 06, l k
W estern T rust < Sav. 1,000,000
fc
7,393 Began busin iess sep 5, 1905
200,000
W Side T r So Sav B k ..
21,408 . . . . J . . . . |Q-J Oct ’ 06, 1H
200,00o
W ood lawn Tr& Sav BK
Note*—A ccru ed interest m us t be added to all Chic ago bo nd price s.
I Dividends are paid Q-J, w ith extra payments Q-F.
f
1 Includes special dividend of ;+>'{> deolared A ug. 10. 1904.
]
t Sept. 4, ’ 06 for N ational Banks and Sept. 5, ’ 06 for State institutions, except tho ;e marked (•§) which.are of date June 18 and June 19, 1906,
1,
Ut
Oet
Chicago Banks and Trust Companies
79 Aug’ 06
79
91
85
80 J ’l y ’ 06
80
924
Sale
904
9U4 31 9 0 4 944
95
93 Sep ’ 06
89 1004
____ 100 4 M ai’06
10041004
....... . 9 9 4 J ’l y ’ 06
994 994
....... . 99 Sep ’ 06
99 100
99 4 1 0 0
........ 9 9 4 Sep ’ 06
120 120
120 A pr *06
L014105 4
102 4 1 0 1 4 J ’l y ’ 06
105 101 4 Sep ’ 0 6
1 0 4 4 108
105 104 J ’ne’06
104 1 054
103 4 F e b ’ 0 6
103 4 1 0 3 4
101 1 0 1 4 1014 1014 11 1 0 1 1 0 5 4
102 4 15 1 0 1 4 1 0 3 4
102.... Sale 102
.........1 0 1 4 1014 Sep ’ 06
10141054
114 N ov’ 04
$ 72 Sale
69
72
65
72
....... 90
92 J ’l y ’ 06
80 1014
6 8 4 Sep ’ 05
60 A ug’ 06
60
85
66 Sale
66
06
55
844
90 4 May’06
....... 90
894 954
9 6 4 Jail ’06
96 4 96 4
........
904
90
100
97
99
99 4
Lowest
j Range tor P n t,ou$
Y ea r(1 9 0 5 )
M isce lla n e o u s
6 4 Am erican Can............100
6 J ’ ne28 1 1 4 Jan 20
850
8 4 D ec; 14 4 Apr
83 o 51 J ’ly 13 72 Jan 25 00 Jan I 73 4 A pr
574
Do
pref__-......... 100
*1 2 0
122
150 115 Feb 9 129 May22j 76 Jan 110 Dec
Amer Radiator......... 100
130
130
I 129 Aug 27 136 Jan 17 125 Feb 134 Dec
Do
p re f..............100
665 54 j an 13 00 4 J’ly 24] 38 Jan
62 4
624 Am er Ship bldg.......... 100
Sep
*108
109
125 101 Jan 11 1094 A p r 4 98 4 Jan 105 4 Mar
Do p r e l ........... 100
31
Sep ’06 Am er Straw Board........
17- Let) 28 31 Sep 22:
38
S e p ’ 06 Booth (A ) & C o ........ 100
36 J an 23 40 Feb 6 ; 35 OCt t 40 Jan
108
Sep ’ 06
Do
p ref..............100
103 Jan 25 113 4 J’ ne 2 105 Mari 112 Aug
57
Sep ’06 Cal & Chic Canal So D100
55 May 2 6 04 Feb 6 i 50 J’ lv ; 70 Oct
175
May’06 Central Trust B an k ., 100
:68«8 M aylS 175 May 31 1484 Feb j 150 Mar
16
M ar’ 06 Chicago A uditorium .......
16 Feb 13 10 4 F eb 2 3 10 Jan | 10 Jan
1
J ’l y ’ 06 Chic B rew ’ g & M alt’ g ___
1 .Afar 6
1 M ar 6
1 J ru
3 J ’ lo
4
6*4
A p r ’ 06
7 Jan 10
Do p ref............. .......
0 J’ nej 7 Jan
6H Mar 23
140
i4 0 Chic E d is o n ................100
103 130 P ly 3 i ;165 Feb 15, 1153 Jan 172 F eb
*49
50 Chic Pneum atic T ool. 100
12b 49 May 21 03 Feb 9; 32 Jan 58 4 D ec
*116
120 Chic T e le p h o n e ........ 100
II l u l A pr 271139 Jan 15 125 May: 143 k Feb
110
110 Chic T itle & T ru s t... 100
45 103 May 3 LIB Jan 9; I 95 A p r il 18 Dec
825 118 J ’ne 6 147 Feb 7 •134 4 Feb 145 Aug
1244 125 Diamond M atch........ 100
25 4 1 ^ Sep i 7 1 4 Jan 23 I 55 J ’ Df, 67 N o v
*47 4
49 Illinois B rick .............100
314
N ov ’ 05 K nickerbocker I c e ... 100
11 Feb 42 Nov
80
F e b ’ 06
79 7 Feb 23 8 0 Feb 28! 63 Febi 75 OCt
«
Do p ref................100
17
J ’ne’04 London & Chic Contr___
9
D e c’ 04 M anufacturers’ F u el.......
48
Sep ’06 M asonic Tem ple ..............
40 May 2 2 48 Sep 25 ; 44 4 Mai j 43 4 Aug
176
J ’ly ’06 Mil<fe Chic B rew ’ g ..........
2^2 Feb 3 1 2 Jan ! 2 4 Oct
1% May29
22
Sep ’ 06
21 J’ ne2t: 23 Mar 7 19 Sep j Do p re f..... ...............
684
69 National B is c u it...,.100 2,281 62 May 2 71 Feb 6 523 A u g 674 Dec
4
118
118
403 1 1 3 4 Jan 4 1 1 8 4 Feb 5 1104* A u g i l 20 4 Mar
Do pref................100
*85
88 National C arbon .......100
25 78 Jan 5 95 Mar 3 | 41 Jan I 8 0 4 Dec
*116
119
50 115 Feb 21 122:4 M a r 9 110 J an 112 0 J’ ne
Do p re f................10U
•54
May’05 Page W o Wire F en ce ___
A pi j 5 4 31ay
.92 4
J ’l y ’06 People's Gas L & O’ keiuu
8 8 4 Fly ib 9 3 4 M ay17 9 9 4 May, 11 0 4 A pr
50
A u g’06 Sears Boebuek com . 100
50 A ug 2 50 A ug 2 .........
94
95
440 93 Oct 4 99 Sep 1: 1
.........
Do
pref................100
5,349 1 014 Jan 17 119 4 Sep 27 T01 D
1 164 118
114 Jan
133
133
177 115 May in 152 ^ J a n 57 46 J a n 'u -5 Dec
iker Oats C o.100
350 100 Sep b 1064 Feb 2 5 j 8 6 4 Jan 109 4 N ov
*102
102 4
Do p re f...............100
850
2 4 Jan 12
1 4 J ’ly ! 2 4 A pr
1 58
15
8
1 4 J ’ne28
8 Aug 16 Dec
Do p re f............... 100 1,170
10*8
104
8 4 J !ne2r 1 7 4 Jan 20
260 2 9 4 J ’ly 23 42 Mar27 23 Feb 4L Aug
*314
3 2 4 W estern Stone.......... 100
Mining:
5 70
M ar’06
Lre Con .
25
6 4 Feb 2c
54 Mar 7
25
56*^2 Mar’ 06
3 6 4 Mar 7 36 4 Mar 7
294 J ’n e ll 4 4 4 Feb2ci
29\
J’ ne’06
50
200
7 4 J ’ly 14 1 4 4 Mar29|;
Z5 4
J’ne’0 6 :
1 4 4 Mar i 1 5 4 Feb26'
195
4 4 Oct 2
3 4 J ’ly 20
854
F e b ’ 06
85 4 F6b23 85 4 Feb 23
6 Feb 24
77
s
J ’ne’06
7 4 J ’ nel6:
9 9 4 May’ 06
102 4 1024 ‘ " i
101 M ar’0t>
103 A p r ’ 04
55 J ’ne’ 00
104 Jan ’ 06
102 A ug’ u6
9 6 4 Jan ’ 06
79
80
102 4 1 0 3 4 1024
92
$ ......... 92
97 4 ........ 99
994
... 100
....... 100
95 4
16
91
9 1 4 91
85% Sale
854
90
Range tor year
1906
64
57 4
Chicago Bond Record
W
Sale:. 1
o1 the
Week ;
s‘h a w j
STO CK S
CH ICAG O STOCK
EXCHANGE
O cr. 6 1906.]
THE
"Volume oi Business at Stock Exchanges
T R A N S A C T I O IS S A T T H E N E W Y O R K S T O C K
D A IL Y , W E E K L Y A N D Y E A R L Y
Stocks
Week en d in g
Ch't 5
1
Shares
S a r u r d a y ............
M o n d a y ..............
T u e s d a y ..............
W ed n esd a y .........
T h u rsd a y............
F r id a y ................
T o t a l.................
B ar value
698,078
1.285,351
1.337.P26
1 .-4 > N1
.
696.399
92 ..2 8 3
R a ilroad d c
B onds
$46,793,250
103,172,600
114.08 . .600
1 1 1 ,'»l 4 , i 0 0
59,46 i,400
s 1,765,800
>
6,089,523 8 * i t». 297,750
1906
V S
Bonds
$39,500
65,000
121.000
134,500
125,500
242,000
.............
. . . . . . . .
’ $500
5,000
8 1 1,897,0001 $727,500
Week en d in g Oct 5
sa le s at
fteic Y ork stock
Exananye
EXCHANGE
State
Bonds
1
.$749,500]
1.536.000
2.528.000
2,582.500]
1.996.500
2.504.500
$5,500
J a n u a ry 1 to 0 :t 5
1906
1905
1905
.
190,390.749
228,033,148
3,675,218
6.089.528
S tock s— N 0 . snare*
Par v a iu e ......... $516,297,750 $345,231,300 $ 2 0 ,US2,482,150 $17,650,816,52-5
a -404,600
*
$12,100
$7,500
$680,000
Bank shares, p a r..
BONDS
G overn m en t bonds
State bo m is__ . . . . .
R R. and mis, bonds
$5,500
727,500
11,897.000
$29,500
3,650.000
12,024.000
$ 1,520,500
50.7 6 1,050
483,302.800
$453,900
1 58,848,650
655,610,600
Total bou ds___
$12,630,000
$15,703,500
$541,674,350
$814,913,150
D A IL Y
T R A N S A C T IO N S A T T H E B O STO N A N D P H I L A D E L P H I A
EXCHANGES
Week en d in g
Oct -5
XSfOtS
Boston
P h ila d e lp h ia
-
Unlisted
shares
Listed
share*
B on d
sales
S a t u r d a y ....... 31,067
M o n d a y ......... 67,452
T u e s d a y ......... 83,422
W e d n e sd a y . . 63,3u4
T h u rsd a y ....... 103,742
F r id a y ............ 113,208
7,234
10,448
12,345
11,392
17.604
21,866
$1,500
29.500
34.000
14.500
44,003
20.000
T o ta l........... 462,195
80,889
$143,500
Unlisted
shares
Listed
shares
B ond
sales
23,874
28,241
21,853
15,294
15,689
13,462
5,210
16,452
18,699
12,633
12,960
23,240
$25,000
142,325
84,300
64,523
40,575
21,150
117,918
89,191
$377,875
Outside Securities
A W eekly .Review o ' Outside M a rk et w ill be fou n d on a p reced in g p a g e .
S tr e e t H a llw a y s
isti’e e t R a i lw a y s
Bid
A sk
N orth Chic S treet See C liicago list
P u b S erv Corp of N J100
97 102
30
34
B leeck St & E u ! E stk 100
69
90
93
T r ctfs 2% to 6% perpet
f i s t m o il 4s 1950 ..J -J
69 H
;
CoH tru st 5s g old notes
%B’y 6c 7 tli A v e stk ..1 0 0 230 238
104
1909 op tion a l___ M-N $ 94
95
< u r n o n 5s i y i 4 ...J -J 1 0 0
Lt
30
N o rth J ersey St R y 100
Con 5s 1943 See s to c k E xch list
1st 4s 1 9 4 8 .........M-N $ 77
L08
79
B ’ w ay Surt 1st 5s gu 1924 $105
78
80
Cons TTac of N J . . . 100
IJCentT C rosst’ n s t k ..iu u 290
330
117
1st 5s 1 9 3 3 ...........J-D $105 106
Ijls t M (is 1922 ...AL-N $113
111
N ew ’k Pas R y os ’ 30J-J $109
IjC e n P k N A L E s t k .100 195
200
R apid T ran St R y ..l 0 0 240 250
L75
l|Ckr,t,r<fc 1 0 tli St stK 100 165
1st 5s 192 1 ...........A-O $108
Ooi& 9tii A v e 5s See Stock E xch list
28
J C H ob 6b P a terson 10 0
Dry D E B 6c B—
4s g 1 9 4 9 ............ AI-N 2 721*2 7 3 L
l i s t g old 5s 1 9 3 2 ... J-D 10S 112
102
So J Gas E l 6c T ra c 100 121 123
liS crip 5s 1 9 1 4 ___ F-A 100
G u g 5s 1953....... AI-S $ 9 7 LOl
E ighth A v e n u e s t k . . l 0 t 370 390
99 101
N o H u d Co R y 6s’ 14J-J $110 - - - —* crip 6s 1 9 1 4 ___ F-A
uS
400
5s 1 9 2 8 ................... J-J $ io 7
1j420 A G r S t F ’y s t k .. 100 380
50
E x t 5s 1 9 2 4 ....... M-N -2100 103
70
42d St M A St N A Y .. 100
P a t City con 6s ’ 3 1 .J-D $120
M s t m o r t 6s 1910 -M-S 101 *105\
56
2d 6 s___ 1914 op t A-O $100
7o
V2d in com e 6s 1915 J-J
So Side E i (C hic)
See C liieago list
In te r boro-M etr opolita n—
106
Common. See S lo ck E x cha’ ge list Syracuse Rap T r 5s 1946 $105
P referred. see s to c k E x ciia’ ge list T ren t P 6c H 5s 1943J-D $102 105
4h>-'0 bonds. s ? e S tock : E xch list
U nited R y s of S t L —
44
45
L e x a y A P av E os ;*e*JSi k EXC List
Com v o t tr c t f s ....... 100
A ietropol S ecu rities see Stk £. X list
li P reierred
__
100
b33
4
H e tro p o i Street R y See Stk E X list
Gen 4s 193 4 ___ See Stk E x ch list
N in th A v e n u e s t o c k .lo u 170
180
U m tR y s S a n F ra n NeeStk E xch list
S econd A v e n u e stocklOO 195
2 03
W ash R y 6b E i C o___ 100
39 E 40
873 88
4
103
U s t m ort 5s 1909 AL-N $100
P r e fe r r e d ..................100
87
112
87^
C onsol 5s 1948___ F-A $109
4 s 1 9 5 1 ..................... J-D
28
32
J Sixth A v e n u e sto ck 100 165 176
TjWest C hicago S t ___ 100
70
S ou B oule v 5s 1 9 4 5 ..J-J $100 104
liCon g 5s 1 9 3 6 ....M -N
S o F er 1st 5s 1919__ A-O $102 1U6
C4as S e c u r it ie s
T hird A v e n u e See Stock E xch list
NEW YORK
T arry W P 6c A1 5s 192s $104 lo 7
L03
10S
C ent U n Gas 5s g ’27.J<feJ $101
Y k ersS tR K 5 s 1946A -U $105
k E x c h list
28th A 29th .^ts 1st 5s ’96 1 105 106
Con Gas (N Y ')s ik . See
1 Tw enty-T IT a s t stk l o o 380 400
i
C onv deb 6s ctfs See Stk E xch list
Union i t 1st 5s 1942 F-A $ L06 110
IN lutual G a s .............. lo o 17 b 200
W estch est 1st 5s ’43 J -J $107
110
N e w A m sterdam Gas—
100
1st con sol 5s 1 9 4 8 ..J-J $ 99
BROOKLYN
N Y '6c E ast R iv e r Gas—
L06
A tian A v e 5s 1 9 0 9 ..A -0 $100
103
1st 5s 1 9 4 4 ................J-J $103
102
Con 5s g 1931......... A-O $ lu 8
112
C onsol 5s 194 5 ......... J-J $100
lOOh N Y 6b R ich m on d Gas. 100
38
98
B B d ; W E 5s 1 9 3 3 ..A -O
1U2
B rook ly n City s t o c k ... 10 224 228
N or Un l s i 5s 1 9 2 7 .AI-N $ 1 0 0
125
Con 5s See s t o c k E xch list
1jS tandard Gas com ..1 0 0 lu o
3 kin Crosstn 5s 1908. J -J lUO 102
1,P reierred .............. l o o 110 140
B k n H g ts 1st 5s 1941 A-O 103 107
i s t 5s 1930.............AI-N 1U4 108
B k in Q C o & s u b See Stk E xcii list
OTHER CITIES
B k ly n Rap T ran See Stk E xch list
* oney is. 6c B klyn . . l o o 170 210
0C
A m e r L ig h t & T r a c t. 100 113 115
1st con s g 4s 1 9 4 8 ..J -J
93
9S'* 99 L
96
P r e fe r r e d ..................100
...
105
L08
Bay State G a s .............. 50
&
b
G-Ppt 6c L on m er St 1st 6s 103
99
B ingham ton Gas 5s 193b $ 95
K in gs Co. E levated—
B rook lyn U nion G as deb
1st 4s 1949 See sto ck E xch list j 68 1909 co n v ’ 0 7 . . . M-S 115 125
N assau E lec p r e f.......100
5
7
65
75
B ubalo C ity Gas stock 1U
U
5s 1944.................... A-O 105 109
1st 5s 1947 See S tock E xch List
1st 4s 1 9 5 1 .......... See St k Ext li list C onsol Gas of N J —
N W g 6c F la t 1 st ex 4 H
as 101
92
104
1st 58 1936................ J-J $ 89
S teinw ay 1st 6s 1 9 2 2 .J-J $110
Li 4
C on su m ers’ L H 6b P o w —
O T H E R C I T IE S
5s IU38....................... J-D $106
B uffalo s tr e e t R y—
......
E lizabeth Gas L t C o .. J01 275
126
1st con sol 5s 1 9 3 1 ..F -A $106 108 L Essex 6b H udson Gas 100 122
39
D eb 6s 1917............. A.O $ I u 5
46
F ort W ayne 6s 1 9 2 5 .. J -J
57
59
C hicago C ity R y
See C lneagu list
Gascfc Ei B ergen C o .. 100
C olum bus (O) s t R y ..l0 u 101
102
Grand Rapids Gas—
P reierri •,..................] uu 110 112
1 1st 5s 1 9 1 5 ...........F-A $100 104
Coium R y con 6s See Ph lla l is t j
H udson Co G as........... 100 109 E i l l
C roesi’ wn 1st 5 h ’33. J-D $107 109 h Indiana N a t 6b iU G a^ —
25
Grami Rapids R y ___ lu o
30
10
j 1st 6s 1908.............M--N
Brel e r r e d ...................lu o * 85
65
76
90 i1 In dianapolis G a s.........5o
L ak e St (C ine) El
See < hicagol 11st
1st g 5s 1952...........A-O $ 9 J lUO E
1UO
• L ou isv St 5s 1930..J d:J $110 j l Li ;[Jackson Gas 5s g ’ 3 7 .A O $ 95
Lynn A Bos 1st 5s ’24 .J -D $107 s 110 , K ansas C ity G a s......... 10U
45
50
’ ’ N ew o r l iiy s esc L gt.See Stk El x list ,1,L a cled e G a s.............. iUu
IU0
1 P r e fe r r e d ..............
;
90
s t k E x List'
1 P r e f e r r e d .............. 100
97 H
i
liGen M g 4
*35 See] ^ t k E, x list! Laiay’ e G a s ls t 6 s’ 24..M -N
43
38
B id
AS/C
NEW YOKE CITY
$ B ayer pays accr'd mt. r P rice pci sn. i sale price.
805
C H R O N IC L E
( oin >ecut*iti#»H
Bid
LoirA W a b V l 8 t 6 s ,25..T -I)l 35
Minns- n Gas 6s 1926. A O $102
N ew ark Gas 6s 1944. $-J $133
•.")
N ew ark C onsol G a s.. 100
1 (Jon g os 194 8 ....... J-D 108
1
N o H udson L H < P o w —
&
5s 1938 ...................... A-O $108
2
1jO<fc I ml C N at 6c ill .100
29
lsi 6s 192 6 ............... J-l>
69
Pat 6b Pas Has A E lec100
1 Coti g 6s 1 9 4 9 .. ..M -S $100
St J osepli Gas 5s 1937.J -J $...
A s K in d u s tr ia l m id J lls c e i
40
I i '1 Qoible S te e l...........100
106
P r e fe r r e d ....... .........1 0 0
136
Cuban os of 1896..............
91
1 Diam ond M atch C o. 100
i
110
Horn in ion C opper (n ew ) 1
D ouglas C o p p e r ............. 5
E le ctric B oa t.............. 100
D
P r e fe r r e d ...................100
34
E lectric V e h ic le ......... 100
72
P r e fe r r e d ................... 1 0 0
103
Em pire S te e l............... 100
93
P r e fe r r e d ................... 1 0 0
Federal Sugar, c o m .. 100
T e le jr r dfc T e le p h o n e
P r e fe r r e d .................. 100
1|AmerTeleg<fc Cable lOu
90
92
IIG eneral Chem ical ..1 0 0
150
.Central < S o A m e r . lo o 140
fc
1 P re fe rre d ................. lo u
1
Co m in or U n T e 1 ( N Y ). 2 5 115
G obi H ill C o p p e r ......... 1
75
Emp 6b Bay State T el 100
G reen e Con C o p p e r ... 10
45
55
F r a n k lin ........................l o o
G reen e C onsol G o ld ... 10
1]Goid 6b S t o c k ............100 115
G reene G o ld -S ilv e r.... 10
82
iiu d son R iver T eleph 100
G u g u e n h e im E x p lo ’ n. 100
86
130
IIN Y & N J T e le p h ... ;0 0 128
H a ck en sa ck W ater Co —
< orth w estern T e le g . 50 118
(N
R e f g 4s 52 op 1 2 . . . J-J
75
Pacitic 6b A tla n tic ....... 25
H all Sign al C o ........... 100
85
95
1 Southern 6b A tla n tic 25
1
H avana T o b a cco C 0 ..I O 0
P r e fe r r e d .................. 100
E le c t r ic C o m p a n ie s
1st g 5s J u n e 1 ’22. J-D
C h ica go E dison Co See C hie ago list
H eck er-J on es-J ew ’l M ill
]|K in g s Co Ei LcfcP Co 100 143
.47
1st 6s 192 2 ............... M-S
N arragan (P r o v ) El Co 50 tslOO 103 >2 H er’ g -Ila 11-Mar,new. 100
N Y ife Q El LdsPow ColO O
50
H obok en Land 6c ImplOO
40
P r e ie r r e d ...................100
60
70
If 5s 1 9 1 0 ...................M-N
U nited E le ctric ot N J100
80
H ou ston O i l ................. 100
4s 1949 ....................... J-D $ 71
72
P r e fe r r e d ...................1U0
H udson R e a lty ...........100
F e r r y C o m p a n ie s
In g ersoll-R a n u p reL . 100
1
2
B rooklyn F erry stocklOO
I nternalT B ankingC olO O
B6b NY' 1st 6s 1 9 1 1 .J-J $100
In t’ n ’ i A lerc M a rin e. 100
65
70
N Y 6b E R F erry s tk . 100
P r e fe r r e d ...................100
90
92
Col tr d 4 V 2 2 o p ’ 07A -O
1st 5s 192 2 ............. AL-N
107
In tern a t’l N ic k e l ___ iOe
N Y & H ob con o s ’46.J-D $105
H ob F y 1st 5s 1946 M-N $108L 110
P r e fe r r e d ............... ..lO u
X Y 6b N J 2d 5s 1946. J-J $105
In tern ation al S a lt___ 100
30
37
1st g 5s 1 9 5 1 ...........A -O
10th 6b 23d Sts F erry 100
88
1st m ort 5s 1 9 1 9 ...J-D $ 80
In tern a tion a l S ilv e r, lo u
30
P r e fe r r e d ...................l o o
28
li U nion F e rry stock .100
90
94
1st 6s 194 8 .................J-D
’jils t 5s 1920 ...........M-N
L ack aw anna S t e e l ...l u o
R a i lr o a d
Bans ton M on oty p e....... 20
Chic P eo & St L p rel. 100
L aw yers 'Mort in su r.1 0 0
D ep osited s to c k .............
2
5
IjLeh cfc W ilk e sb C oal.ou
U n deposited s to c k .......
5
2
L ord 6b T a y lo r ............. 100
100
90
P r ior lien g 4 ^ s ’ 3 0 M 6bS
P r e fe r r e d ...................1 0 0
Con m tg g 5s 1 9 3 0 .J<&J
50
60
ULorillard (P ) pref ...1 0 0
15
In com e 5s 1 9 3 0 ..............
10
M ack iy Com panies ..1 0 u
C hic S u b w a y ................. 100
50
51
P r e fe r r e d ...................lu o
98
105
F t W 6b D en Cy .-td.,100
M adison Sq G a rd e n ..100
N Y N H A H a r t fo r d 2d 6s 1 9 1 9 ............... M-N
Con deb 3hiS 1956. J«fcJ $ 113 U L12
UManhatt B each C o. 100
X o r tu ’u S ecu rities Stubs 212 8, 237 ^ M anh B ell H o te l & L and.
P enn, g u g 4 ^ % notes
P r e fe r r e d ..................100
N o v 1 1907.......... Al&N § 99
99 3b
IfGcn. g. 48-19- O__M . N
a
P itts B ess 6b L E ......... 5o t 33
M anhattan T ra n s it___ 2 0
36
P r e fe r r e d .....................50 f 70
to
M ex N at C onstrue.pflO O
R ailroad S ecu rities .Co.—
M ine S e c u r it ie s ........... 5
ILl.C.stk.tr. c fs .s e r .A ’ 52
92
M itch ell A lin in g ...........10
93
Seaboard A ir Erne—
Aionongaheia R C o a l..50
99
C o lltr 5 s 1907 o p . . _M -S
P r e fe r r e d ..................... 50
LOO
SeaboardC o___ s e e B a lt E x ch list
M on t 6b Boston C onsol .5
iYIortgage B on d C o ... 100
In d u stria l a n d M is c e l
N at B ank of C u ba___ 10U
A h m eek A lin in g ......... 25 f 87
87 O N ational S u re ty ......... 100
j
A llia n ce R e a lty ......... 100 118 125
N evad a C on s’ d C op p er.5
AIL is Chalm ers Co 1st m
IINew C entral C o a l___ 20
82
s f 5s ’ 36 op t’ 16 w i . J - j i SI
N J T er D ock < Im p . 100
&
6
A m erican Can c o m ... 100
7
N Y B iscu it 68 1 9 1 1 .M-S
r
P re ie rre cl.................. l o o
56
N Y A !tg e & S ecu rity . 100
"
58
A m erican C hicle C o .. 100 180 185
IjN ew Y 'ork ^D ock ___ 100
P r e fe r r e d ...................l o o lu3
1U6
Prefer,reel ............... 100
Am G raphopho c o m ..l 0 0
44 4 45 \ N Y T ra n sp o rta tio n . . . 20
P r e fe r r e d ..................100
83 *2 87
N iles-B em -P on d com . 100
1jOntario S i l v e r ......... l o o
A m er H a rd w a re......... 1 00 107 109
A m i c e S ecu ritie s___See Stk E x list O tis E lev a tor co m ___ 100
LOO
A m M a ilin g 6 s 1914.J- D 103
P r e fe r r e d ...................100
95
102
A m er P ress A s s o c ’n . l o o
P h oen ix S e cu ritie s .......
1
3
A m Soda F ou n c o m ..100
P ittsb u rg B re w in g ___ 50
40
1st p referred ............ 1 0 0
50
P r e fe r r e d .....................50
5
2d p referred ............. l o o
10
P ittsb u rg Coal See S tocl
A m er Steel F ou n d ries—
P ope M a n u fa ctu rin g . 100
M 6s 193 5 ............ A & O $ 93L 95
1st p r e ie r r e d ...........100
A m erican s u r e t y ......... 50 180
2d p r e fe r r e d ...........100
LO
O
A m erican Thread p r e f..5 \ 4
5
P ratt 6b W liitn p r e f.. 100
A m T o b a c (new ) com luO 375
390
R ealty A s s o c ( B k lyn )100
P re fd ........... See S tock E x ch list
R oyal B ak P ow d p re f. 100
4s and 6 s......... See Stk E xch list Safety Car Heat<fe LtlO O
Seneca A lin in g ........... 25
36 8 40
A m T y p e fo ’ rs c o m ...l o u
95
P r e fe r r e d .................. l o o
LO
O S in g er M fg C o.............l o o
2
Southern Steel—
A m er W ritin g P a p er. 100
4
P r e ie r r e d .................. l o o
26
28
1st s f g 5 s 1930 op t AI-N
1st sf g o s ’ 19 op ’09.J - J
S i andard C ordage___ 100
85 E 86
70 "T o
1 st Ai. g. 5 s.’ 3 r red. .A .O
B arney & Sm Car ...lO u
1 P re ie rre d .................l o o 140 150
j
A dj ust. M .5 s. A p r 1,1931
flB ethl’m Steel Corp .100
Stanuard C oupler co rn l00
192* 20
63
HPreferi ed ............... l o o
P r e fe r r e d .................. l o o
70
l.s t e x t 5s—See Stk E x chang e list! Standard A lilliu g C o. 100
Bliss Com pany co m ___ 5o 140
P r e fe r r e d ...................lo u
145
P r e fe r r e d ..................... 5 0 130
l34
1st 5s 1930 ............. M-N
Bond 6b M tg G u a r___100 390
400
Standard Oil of' N J . . I 0 0
B orden ’ s Cond A lilk .. l o o 1.78 182
S w ift 6b Co See B oston St
P r e ie r r e d ...................1 0 0 112
116
1st 5s 1 9 1 0 -1 9 1 4 ...J -J
B ritish ;ol C o p p e r.........5 t m
11
T en n essee C op p er....... 25
40 ^ 41 \ 1]T e x a s & P aoiiic Coal 100
B utte C oalition A lin .. 15
2
Casein Co of A m com ., lo o
5
1st 6s 190 8 ...............A-O
60
P r e fe r r e d ..................lou
75
T itle In s Co of N Y ..1 0 0
Casualty Co of A m er. 10 0 120
130
Tonapali Aim (N evada). 1
Celluloid C o.................. 1 0 0 135
i4 0
T renton P otteries corn! OO
15
Cent F irew ork s com . 100
P reierred n ew ___ lu o
IS
68
P referred....................lo u
73
T row D irectory n e w .. 100
3\
Central F ou n d ry ....... l o o
4
Union C opp er. ............ lu
17
P r e fe r r e d .............. l o o
19
Union T y p e w r c o m .. 100
D eb 6s 1919 op ’ 01 M-N
74
1st p referred ............. 100
76
Central L ea th er......... See Stk E x list
2d p reierred ............. 100
C entury R e a lty .........l o o
190 200
U nited B k N ote C o r p ..50
Cnesebrough M fg Co 100 4 20 440
P referred ................ 50
Ciiic P neum T ool. See Ch icago ust
U nited cig a rA lfg ., pf.luO
City In v estin g C o ___lou
105
1 12
U nited C opp er............. 100
1|Clat]in(H B )c o m ___l o o
108
t l5
P r e fe r r e d ................... 1 0 0
1 ,1 8 1 proj e rred ......... l o o
96
U S. C a su a lty ............ 100
112d p referred ........... 1 0 0
96
. . . U s E n v elop e c o m ... 100
DP referred .................100
Colo industrial. See Stoc k Ex ust
Col 6b H ock Coal& 1 pi lOU
U S R u b 2d ])t' See Stuck
65
80
1st g 5s 1917......... J -J $ 82
U S Steel Corporation —
85
C o ltr s i 5 s ’51 op t ’ l l ..
Col tr 6s O ct 1 9 5 6 ..J-J ... 101 h
Col tr h f 5s ’ 51 not o p t..
Cousolid Car H eating lou
60
65
U S i ' l l Gucfc I n d e m .lo o
liCona F irew ’ ks com . l o o
20
40
1 *
..............
U tah Copper C o...........lu
70
60
W estcu ester 6b B ron x
Cons R y D ig * B e in g , lo u
5
3»
*
T itle 6b M ort G u ar. 100
3
Consol R ubber T ir e .. 100
2 ‘WeatlTigb A ir B rake . . 6 0
P r e fe r r e d ...................lo u
1 1 . 17
W est E lec 6b M fg —
D ebenture 4 s 195] A<fcO
30
27
'C o n s f a s '31 Op ’ 12 J-J
Cons Storage B attery u m
11
8
W hite K n ob M iu .........10
Corn Prod Kef See Stock Exch list
P referred ......................10
Crum ps' SJi& En B la g lo u
*25
15
W orthin g Pum p orof.lO O
aEx-rights .^Ex-div. <-Nevr stock. ijSeLia on St/k E x ch ., ou t nut
a
very a ctiv e security.
Bin
13 4
79
100
124
54
4
15
60
10
17
9
41
40
73
76
102
0 S
f
27
2
2
290
90
16
25
66
107
29
200
101
9
44
125
90
135
10
29
743
4
85
80
39
60
5
48
H 07L
70
14&8
187
50
125
100
130
73 lo
71
15
75
5^2
64
77
4 34
13
4*4
25
100
105
165
20
37
Asfc
12*4
80
101
125
5li
6
25
70
14
20
12
45
42
76
79
104
5H
a
27 4
2 l4
295
93 S
a
100
17
31
70
109
34
.
94
48
L35
95
L45
10^2
75
95
87 ^
40
63
10
53
110
75
15
192
135
L03
150
74
72
25
7
5
17
th e
4?8
8
105
115
•JO»i
45
38
102U.
19u 200
45
49
83 3 88
4
0
5^2,
125
135
3S
3y
4
50
53
95
1U0
3
i
32
32 ht
49
51
E xch List
4^
2 b,
65
75
17
13
102
107
163
L70
112
108
280 290
55
500 520
92
94
6
8
58
61
•9
i
17
40
46
120 130
10
13
35
31
80^
79
597 598
E x c U’ge
102
106
42 \ 44 ^2
74
105
110
170
180
18 4/ 19
18
15
100
95
00
45
1 l6
1 xi
*
95
92
122
120
122
120
60
57
54
52
96
93
66*4
66
100
80
200
20
102
98
Exch list
111
1 1l
120
34
^
L
112
112
H
i
4
130
3 4 fA
172 h 180
162
158 |
96 V 9 -Da
,
1
7
d L
3
3 ^
120
116
BOSTON STOCK EXOEANG-S—Stock Record, Daily, Weekly and Yearly
ROsiiye for Year
Range tor 1'reocou
Sales
1906
Year(1905)
•of the
LViday
Wedreesday 2Thursday
■ Wee/c
M onday
Tuesday
Saturday
exchange
Hiahest
^Shares 1 Lowest
Oct 4
Oct 5
jritqhest
lowest
Oci 1
Oct 2
Oct 3
Sept 29
|
1
R a ilroa d *
*105%105% 106% 108
108% 108% 104 107% 103% 104% 104% 104% Atch Top Sc Santa FelOO 1,374 8 6 % J ’ly 12 110% Sep 1! 77%Ma\ 9 3 % Mar
1 0 1 % 1 0 1 % *1 0 1 % 1 0 2 %
2 0 98% J’ ly 3 105%Jan 3
Do pref.............. 100
99% Jau 105% Sep
* 1 0 0 % 1 0 1 % *1 0 0 % 1 0 1 % * 1 0 1 % 1 0 2 % 101 . 1 0 1
240 240 *........ 240 Boston & A ibanv_ TOO
>
_
3(Ji24-t) Sen 24 257U Feb 19 253 Dec 261 Apr
240 240
240
240 240
240 240
154% 155
155
155 Boston Elevated.......100
228 147 Aug 10 160 Jan 1% 152 Nov j58 % Apr
*155 156
156 156 *........ 156
155 155
*
* .
237
235 *233 235 *........ 235 Boston & Lowell.......100
234 234 *........ 234
10 234 Oct 1 246% Apr 2 2:241 Max 249 Mar
164 164
164% 164% Boston < Maine.......100
164% 165
fc
164 165 *164 165
386 104 Sep 5 180%Apr 2 | 170 De- 135 % M ar
j
*104 165
L a st s a l e 167
Sep ’ 06
107 Sep 27 '175%.May 4' 1171 Jan j 75 A pr
100
Do pref........
*165 ........ •<1(55 ........ *165
*165
309
Sep ’ 0 0 Boston & ProvidencelOO
,
306 J ’ly 24 314% A pi* 24 1*305 Jan 311 Dec
*308 ........ *305 310
*
L a st S a le 33\
34
Sep ’06 Bo$ion& Woi Elec Co_
25 Jan 17 39% Apr 7
.
34 *........ 34 * ........ 34 *
35 Mar
_
50: 72 Jan 16 90 Ahr 7
81
8L
Do pref
82 * •or
*
*
*
2811 57 ” A no' 9 182 .Tun 1o! 1 5o Jan 182 _< .ar
160 *........ 159
* ........ 159 Oliic June Ry S IT S VI (it'
r.
1
160 160
i<30 160
A
160
12h 17% J’lv 26 127 J a u 1o 1123 Nov 132 Feb
120
120
Do pref
100
119 119
188 188
2 188 ' J’J v ll 190 Mar24! ! 186 Jan L89% Mar
Con & Mont Class 4 100
L a s t S a le 160
Sep ’ 06 Conn < Pass Kiv pref 100
fc
160 Aug 1 163 Apr < 160 vJan 167 Aug
_....
5 285 Oct 1 298 Apr 2j 1*285 Jan 300 Aug
285 285
285 285
Connecticut R iv er... 1 0 0
137 137 *136
137 Fitchburg pref..........100
186 136
136 136
15 134% Sep 13 145 Jan3«\ 141 D»*e 148 Mar
*135 137 *135 137
L a s t S a le 103
Aug’06 Ga Ry Sc Electric
*100
........ * 1 0 0 ........ * 1 0 0
95 */an 8 107 A p i 27 59% Jan 92 Oct
100
■*100
91
*92
95
91
*92
95
60 90% J ’ly 2 95 Jan 2 | 8 6 Jan 96 Nov
*90
91
91
91
Do p r e f........
100
"•90
L a st S a le 198
J’ ne’06 Maine Central..
197 Mar27 198 Apr 13, 175 Jan 192 Dec
100
-18
18%
18% 18%
19
19
18
IS Mass Electric Cos___100
19
19
1 0 0 17
Jan 5 23 J’he 8 13 Oct 23 Apr
20
*19
*70
72
*70
71
70
70
70
70
70
70-4
545 59% Jan 2 75 J’ ne 8 55 Nov 70% Mar
Do pref...............100
69% 71
Aug’ O Mexican Central.......100
G
21% Aug22 25% Jan 9. 19% Mas 25% Dec
* 2 0 % 2 1 % *2 1 % 2 2 % *22% 23% *2 1 % 2 2 % L a st S a lt 22%
193% 193% 194 194
193% 194 N Y N H & H a rt....100
355 190 J ’ly 11 207% Jan 27 ■aY32y, Dec 215 % Sep
191% 191% 191% 191% 192 193
155 Sen 2 I
Sep ’ 0 6 Northern N H
L a s t S a le 155
TOO
i 6 4 Oct 167 % May
228 .T lv 121233% Marl 0 !23 2 Jan 233 May
’
228
Aug’O Norwich & W or pref] 00
O
203 Old Colony.
*203 205 *202 205
203 203 *203 ........ 203
19 200 J’ ly 18 2 1 0 Jan 15 205 % Jan 2 1 2 Apr
_
100
*203
*33 ........
53% 53% *53 ........ *53
1 0 0 53
Sep 22 53% Oct 1 79 Jan 1 0 2 Feb
Pere Marquette
100
<
60
60
*55 ........
*55
60
60
60
60
35 50 Jan 15 60 A ugl4 52 % Dec 87 Feb
*55
100
Do pref___
55
*50
52
50
52
*52
27 50 M arl4 64 Jan 4 50 Apr 72 Jan
Rutland pref
100
98% * ....... 98
97
99 *
96
96
97
93%
98% Seattle E lectric........ 100
57d 65 Jan 10 99 Oct 2 50 Jan 67% Aug
1
96
100
100
100
100
100
*100
........ 1 0 0
100
99
100
100
139 95 Jan 10 106 B"eb 2 0 93% Jan 102 Sep
Do pref___
100
184% 184% 185
183 %183% 183% 135% 185% 185% *184%
lS o ^ 187*8 Union Pacific........... 100 l,82u 139% May 2 195 Sep 4 113 Jan 151% Dec
91% 92%
92%
25 91 May 3 99% Jan 2 95 Sep iu l% Feb
92% 92% *92
Do pref...............100
*91% 92% *91% 92% *91% 92%
L a s t S a le 170
170 Sep 24 178 Apr 4 172 Jan 180 Oct
Sep ’06 Vermont & Mass
100
*94% 95
*94% 95
95
95 W est End St____IIII 50
*95
95%
95
95
83 94 J’ly 27 101 Jan 2 93 Jan 102 Sep
95% 95%
108 108 *107 % 108
107% 108
108
108
74 107 Sep 1 116% Apr 9 110 Dec 117% Apr
*107 %109 *107 109
Do pref.............. 50
L a s t S a le 2-5% May’ 06 Wisconsin Central TO
25% May 9 25% May 9 21% JaD 31 % Sep
O
60
Oct ’05
Do pref
100
55 % Am 60 % Sep
150
Aj>r’06 W ore Nasn fr. Roefi 100
i5 0 Feb 5 i o 6 % Feb 16; 146 Mai 151 Nov
M iscellan eou s
26
26
27% *25% 27% *26
26% *25% 26
*26
28 Amer Agricul Chem.j.00
1 0 0 21 J ’ly 12 34 Jan 27
19% Jan 25% Apr
*25
93
93%
92% 93
94
93% 93%
92% 93
93
93
250 91 May 2 102 Jan 26 8 6 Jan y 6 % Sep
*90
Do pref...............100
13% 14
14
13% 13%
13%
13% 14%
14% 14%
13
13% Amer Pneu Serv....... 50 4,488 11 Jan 3 29 Mar21|
4% Apr 15 Dec
32
32
32%
31
31
31% 32
32
31% 32
31% 31%
|
Do pref............... 50 2,414 26 Aug 9 46 Apr 2 20 Jan 36% Dec
134% 156
136 136% 136 136%
134% 134% 135
135% Amer Sngar Refin___100 1A05 128 May 2 156% Jan S 130% Ma> 154% Dec
136 136
\
132% 135
134 134
132 %132% 132 133
133 133
134
134
470 131 May 2 141 Jan 2c J32 May 140% Aug
Do pref...............100
139 139% 139 139% #136% 137% 136% 136% Amer Telep & Teleg.100 6,651 128 J ’ly 10 144% Jan 17 130% Dec 148 Jan
13y 140
138% 139%
36% 37%
36% *36% 37
37% 37%
36% 36% *37
150 32 J’ ne29 47% Jan 24 21 Jan 47 Nov
*36
37% Amer W oolen.......T..100
103 103% 103 103% 103 103% 103% 103%
892 101% J’ly 19 110% Feb 2 92% Jan 109 Mar
103 103% 103 103
Do pref...............100
* 3 % ........
*3%
L a s t S a le 4%
* 3 % ........
J’ne’ 06 Boston Land
3% Jan 11
4 % J’ ne 7
3% Mai
4% J’ne
*3%
10
118 118
118 118 *117% 118
117 % 117% *117
*116?
118 Cumberl Telep & Tel 100
34 115 J’ly 30 U o J Marlv; 116 Aug 124 ‘ Jan
4
*29 ........
28
28
28% 28%
28% 2 8 %
29
29 Dominion Iron & St
705 26 Jan 4 34 Apr 3 17 Jan 28 Dec
*28% 29%
*8 % 9
*3% 9
Last. S a le 9
*8 % 9
5% J’ ly
5 % Jan 31 10 Aug 3;
7% Jan
*8 % 9
Sep ’06 East Boston Land...........
235 235% *235 236
235 235% 235
235 Edison Elec Iliu m ... 100
186 231 A ugl3 250 Jan 13; 239 Dec 257 Apr
234 234 *234 235
166% 166% 168 .168
168 168
34 161 J’ly 14 180% Jan 9 169 % Max 191 Jan
166
168 General Electric
TO
O
59% 59%
59%
58% 59%
59
59%
59
59%
59
58%
59% Mass’chnsettsGasCoslOO 3,308 44 May 3 64% J ’nelS 33% Jan 51 % Aug
88
88
83
88
88
37 % 87%
88
*87% 8 8
466 84% May 17 90 Sep 14 80% Jan 8 8 % May
87 ^
87 >2
Do pref...............100
198 200 *195%200 *195% 200
*195 H 200 *195 200
i
200
200
19 190 Mar23 200 Aug 17 £135 % j ne 206 Apr
Mer genthaler Lino ..100
*4% 5
4%
4% 1 %
4% 4%
742
1 Feb 13% Dec
*4
■
4%
4% Mexican Telephone.. 1 0
3 J an 2
5% Sep 17
T % 4%
130 130 *129 130
130 *129 130
129% 130
'21 128 Sep 4 141% Apr 6 131
130
130 N E Telephone.......... 100
Dec 140% Apr
*129
k
*
*
\ *
2 % Jan
.Tan ’ 06
1
Jan 16 1 1e Ja n 15
1 Feb
% L ast s a le 1
%
*
* ........ 1 0 *........ 1 0 *
10
10
L a s t S a le 23%
Sep ’05
Do pref
100
10 Jan 17 Jan
260 260
260 260 *258 259
258% 258% 261 262
259% 260 Pullman Co................ 100
156 219 J ’ly 10 267 % Sep 25 230 Mav 25S Oct
1 0 % -1 0
1 0 % *10
1 0 % 1 0 % *10
10%
10% Feb
*10
1 0 % *10
1 0 % Reece Button-Hole.. 10
10
9% Jan 11 10% Oct 4
8 % Jan
115 116
115% 116
116% 117
116
117 Swift & Co................ 100 1,785 101% J’ne22 120 Sep 26 100 Dec 114 Jan
116% 1173 115%117
4
*
*........ 22 * ........ 2 2 *
2-2
L a s t 8 a le 2 <?% P n e’06 Torringtnn Glass A
22
25
22% Jan 11 23 FeDll- 18 J’ly 2 '3 J an
*
26 *........ 26 * ........ 26 *
1/a s t S a le 25
26
25 J ’ly 28 26 J’Jy 2. 25 Ma} 27 Aug
J ’l y ’06
Do pref............. 1 25
2%
2%
3
*2
3
*2
3
4% Aug
*2
3
25
2 J’n e li
*2
3 Union Cop L ’ d < M g. 25
2% Jan 22
2% May
*2
fe
108 108 % 107 107% 107 107% 107% 108
401 103 % May 2 113% May 17j 103 Apr 115 Feb
107
107^ United F r u it........... 100
108 108
80 % 80 % 80% 80%
79% 79%
79
80%
80
80% Un Shoe Mach Corp. 25 2,084 73 Jan 10 8 6 % Feb li 57 J ’ne 90 Aug
80*4 80%
30
30
30
30
29% 29%
29%
29%
29% 30%
29% 30
289 29% Sep 22 32% J’iy 23 .c30% Dec 34% Aug
Do pref............... 25
L a s t S a le 4S7
48% Feb 19 54% Feb -i' 34% Jau 57 Dec
s F e b ’ 06 U S Rubber
100
108 % Aug 16 113 % Jan 13' 98 7 Jan i 17 % Apr
L a s t S a le lOSLt Aug’Ofi
g
Do
100
45%
45% 46%
47
47%
46 7 47%
q
47 %
49 U S Steel Corp.......... 100 31,463 32% J’ly 2 49 Oct 5! 24% May 43% Deo
46% 47%
45%
107% 107%
8
Do pref...............100 1,575 99 J’ne30 1 L31 Feb 1 91 May 107 Dec
106*4 106% 106% 106% 107 107% 107 107% 106% 107
*•60 *75
*•60 *75
L a s t S a le '75
•40 Jan 26 •75 Sep 15j •40 Mai •67% Jan
*•60 •75
*•60 •75
Sep ’ 06 W est End Land..
25
*10
11
112
1 0 % 11
1 0 % 1 0 % '1 0
9% Aug30 17 % Jah 18 11 Dec 22% Feb
11
W est Telep
Teieg.100
*1 0 % 1 1 % 1 0 % 1 0 %
88
85
85
*85
87
85
*85
88
7 85 Augl 7 98 >2 Jan 19 yo Oct 104 Feb
*85
85
*85
88
Do pref.............. 100
WAcitin.o* F.1 S liffor,
5 ()
73% 73%
25 73% Oct 3 8 6 Feb 7 82% Oct 92 Mar
85 . May24 93 Jan 11 91 May 100 Oct
L a s t S a le 90
Do pref
50
Sep ’06
1
Milling
1,485
8%
7
|2 % Ma} r 1 0 % Oct
7
7
7
5 Jan 10
6%
6%
8 % Apr 4
6%
6%
6%
6%
6 % Adventure Con.......... 25
36%
36% 36%
36%
36% 37
37
37%
36
37%
38 A llou ez ...................... 25 2,253 31% J ’ly 19 47 Jan 6 18 Apr 49 Oct
36
8 2 ^ J’ly 13 118 Feb 13 70 Jan 111% Deo
112% 113% 112 % 113
1 1 G% 1 1 1 % 111 % 113
112% 1131 113% 114% Amalgamated CopperlOO 43,268
4
15
15
15
15% *15
15%
440
8 % Aug 10 16% Jan 8
8
J ’ ne 15% Dec
15% 15%
15% Am Zinc Lead & Sm. 25
14% 14%
2 0 57% May 2 74
71
71
Feb 14 25%M%v i 3% Dec
Anaconda_____ ___ 25
7 Nov
5%
5% 6 %
5% 5%
1
Maj
5%
0%
5%
2% J’ly 13
7% Sep 25
5%
A rcad ian ................... 25 3,149
5%
6
5%
3 Nov
% J’ ne 5
2 J an 3 *45 J’ne
1%
1%
1%
1%
*1% 1 % *1 % 1 %
*1 % 1 %
1 3S
Xh Arnold ....................... 25 2,315
12
12%
12
12%
685 1 0 % May28 28% Jan 6 , 1 2 % Ma^ 28% Oct
11% 11%
H%
1 1 % A tla n tic.................... 25
11% 11%
11% 11%
34% 35
3 4 % 3 4%
34
37
34% 34%
37
38 Bingham Con Min<& S 50 13,880 25 J ’ly 13 49% Feb 14! 28 May 37% Dec
34% 34%
•75
•70 -70
•75 *75
•74
*85 Bonanza (Dev C o)... 10 3,475 •45 May29 •35 Oct 5 •50 May *95 Oct
•75
*•70 •80 ,*•70 -75
32
32%
31% 32%
5% Jan 35 Dec
31% 31%
31
3i%
32%
32% BostonConC&G(rcts) £1 8,455 20% M arie 33% Jan 2:
32% 32%
40
39% 39%
41
4134 ■R
39% 41%
40% 42
-ntt.fi Coalition . . 15 7 1 .1 6 2 25 J’ly 13 42 Oct 4
40% 41%
39%
119 % 119% 1 2 0 ‘ 1 2 0 % 125 128 ~ 130 133
Ariz
1 0 5,476 107 J’ly 14 140
Oct 5
135
140 Gamme/t
119 119
793 795
795 805
810 810
800 805
'166 675 May 2 ;2 0 Oct 5 601 J ’ne 720 Dec
811
820 Calumet < H ecla---- 25
799 800
fc
17% J’ly 13 32 Jan 12 16% Mar 34% Oct
26% 27%
26% 27%
26%
26
27
26
26
27%
27
27 ^ C entennial................ 25 7,074
*........
5
5 % Apr 2 7 5 % Apr 2)'
8 % Jan
5 % Sep
0%
.
/^pr’ Oh Gentra.l Oil
.. 25
•57
*55
'55
*56 *56
% J’ly 7 •70 Jan 2^| *30 Mar •75 May
**55
•55 *56
•56 *56
•55
"*56 Cons Mercur G old ... 5 3,756
78%
6 6 % J’ly 13 8 6 % Jan 20j 64 Jan
85% Dec
78
80
78
80
80%
80
83%
79% 80%
83%
84% Copper Range Con ColOO 30,929
17
17
17
17
17% 18
16% 16%
16% 16%
17 78
1 <76 D a ly -W e st................ 20 1,241 14 M arl 9 18% Sep 18| 11 % Mar 22 Nov
Dominion Goal
.100
69% 69%
1 0 0 6 9 % Sep 28 84
F e o 13 60 Jan 8 6 % Mar
*115 ........ *115 ~ ....... * 11 5
116% Aug 9 1 2 2 Mar 19! 113 Jan 120 Dec
*115
L a s t S a l t Z16% Ane’ 06
Do pref ... -....1 0 0
4 Oct
1% J’ly 31
234 Jan 12;
2 May
i % 134
750
1%
*1 % 2
1%
1%
1%
17s
1%
1*4
1 % Elm R iver.................. 12
25% 26
24% 25%
8
Api 20% Oct
25% 25%
24% 25
24%
25% Franklin..................... 25 7,32 S 14% May 2 26% Sep 27!
24% 25%
13% 13%
13% 13%
9% Jan 17 14% Oct 5
5 Jan 10% Dec
13% 13%
13% 13%
14
14%
11
14% Granby Consolidated. 10 3,445
27% 28%
26% 27%
27
27%
27% 28%
27%
28 Greene Consolidated. 10 34,883 19% J’ly 12 31% Apr 16 20% J’ne 32% Dec
26% 26%
5
5
5
4 % J an 5
7 % Apr
5
5
3 Jan
965
7% Jan IS
5
*4% 5%
5% 5%
5*8
5^8 Guanajuato Consol.. 5
20
2 0 % 21
20
20% 20%
17% Max 2S% Jan
21
21% 23
21
21%
2 2 % I sle Roy ale (Copp er). 25 2,775 15% Ely 14 29%Jan 6
9% 9%
13% Mar
6 % J’ly 14 12% Jan 13
6
May
"9
9%
9
9%
9
9%
9%
10% Mass Consol............... 25 3,205
- 8 % y%
1
**70
1
i% Oct
•75 e
75
600 •40 J’ne27
*•70
*•70
1
l% J a n 4 •70 J’ne
•75
*75 May dow er........ ......... 25
10% J’ne22 17% Jan 3 10 % Jan 18% Dec
143 153
4
4
15% 15%
*14% U%
15% 15%
15% 15%
lo ^
1 6 1 M ichigan.................... 25 6,255
4
63
64
64% 65
,64% 67%
67%
69 M ohaw k..................... 25 5,169 54% Mar 5 69 Oct 5 48 Max 64% Dec
64% 65
62% 62%
6 % Deo
2%
2%
2 J’ly 11
2 J ’ly
2%
2%
7% Feb 13
2%
2%
2%
2%
2%
3 Montana Coal & Coke 25 1,540
*2 % 2 %
19% 19%
19
19%
*19% 19%
19
19%
19
20% Nevada Consolidated 5 8,240 11 Jan 26 20% Oct 5 10% Dec 13 Deo
18% 19%
99% 102
103% 107
105% 108% 108 115
111
1157fc North Butte............... 15 45,718 74% Mar 6 115% Oct b 34 Aug 93 Dec
99% 99%
2% Oct
1% Jan 11 •75 Max
1%
1%
1%
1%
^1 %
*1 % 1 %
1%
1%
1%
1 % Old Colony_________ 25 1 ,0 0 0 •70 j ’ly 17
52
51% 52
52
53
52
51% 52
52 ' 57
56
57% Old D om inion............ 25 15,165 33 J’ly 13 57% Oct 5 23% Max 36% Dec
93 Mar 7 l ‘2 5%Oct 5 8 8 Feb 115 Oct
117 117% 115% 117% 118% 119
120 124% 124% 125% O sceola....................... 25 6,618
118% 119
27
27
27
27%
26% 26%
27
28
27% 27%
2734
281 Parrott (Silv<& Copp) 10 1,330 2 2 % J’ly u 48 Jan 2 22 J ’ne 47 Dec
a
3 % Jan
1 % J an 4 •50 J’ ne
1%
*1
1%
ICO •60 MaylO
*•90
1 % *•90
1%
1%
.
*1
1 % Phoenix Consol.. . . . . . 25
1%
1%
96
95
95
904 80 J ’ly 16 114 Jan 11 95 Max IIS Jan
95
95
96
95
95
98
94
97% 100 Quincy........................ 25
1 % May
8 's Oct
5
5% 5%
8 % Jan 19
5% 5%
3 > J ’ly 16
5% 5%
5
5%
5
5%
5 % Rhode Island............. 25 1,665
014
3 Jan
1% J ’ly 26
2% Sep 14
1 % Ma)
2%
2%
2%
2%
2%
2 % Santa Fe(Gold<& Cop) 10 2,545
*2
2%
:
2%
2%
2%
9 Jan
o% Jan 10 14% Oct 5
6 % Feb
13% 14
13% 133
4
13% 14
13% 14
13%
14% Shannon..................... 10 38,578
1 2 % 13%
*
*93
98
194 90 J’ ne 9 1 2 2 Jan 2 101 May 140 Mar
97 *........ 97
*93
97
*93 ....
100
105 T am arack___ . . . . . . . 25
2 Feb 16% Oct
9 Apr 28 16%Jan 8
14%
14% 14%
14% 14%
14% 14%
14% 14%
14%
15% T ecum seii.................. 25 5,230
14
41% 42%
300 40 Mav 2 52 Jan 6 24% Jn e 53% Dec
42% 42%
Tennessee.................. 25
7% J’nelO 12% Apr 5
7% Jan 13% Feb
12
12%
1 1 % 11%
11% 1 2 %
Trinity........................ 25 16,49b
11%
12
1 1 % ii%
11% 11%
9 Mar 75 Dec
Feb 7
66
66%
66%
65
66
66
66%
65% 6 6 % 6 6 %
66
6 6 % United Copper..........100 4,755 57% May 2 78
88
Jan 9 111 Feb 21 74% Nov 83 Dec
Do
pref............. 100
L a s t Sal e 59%
J ’l v ’ 06
9 % Sep 8 14% Mar36
9% Apr 13% Dec
*9%
9%
9% 9%
9% 11 '
10
1 0 % Unit States Coal &Oil 25 6,980
*9% 1 0
9% 10
61% 62
61% 62%
61 % 61 %
62
60 %
63%
64% U S Smelt Ref.&Min. 50 17,317 51 Mar 5 66 Jan 20
61% 61%
d 0 ic
2 808 43 Mar 5 47 % Sep 1 <
4.0
4.6
46
65%
66%. 67%
66
66%
65% 66%
65
66% 67%
67 %
65 Utah Con (G o ld )....... 5 1L314 52% J ’ne28 69% Jan 12 39% Mar 58% Nov
6 J ’ly ic
9% Mar 14 c2 Ma) t <% Oct
7%
7%
7
7
7%
7% 7%
7
7
7
7 V icto ria ................... 25 3,262
*6%
4 J ’ly 3 12 Oct 5
7 % Dec 15 % Feb
9
9
9S
9% 9%
10
12 W inona....................... 25 5,574
9 % 9%
9 % 9%
8%
*
850 131 Jan 30 160 Aug3J 105 Jan 134 Dec
148
148 148
148 151
143 148
150 151
155
160 W o lv e rin e ................ 25
2 Feb
1% J ne
2 Oct o
1 % 1 % -1%
L
i
1%
1%
2 Wyandot..................... 25 3,290 ■70 J’ly Hi
1% 1%
l 7ie 17ie
cE efore pay’ t of assess’ ts calledin 1905.
Before pay't of ass’ts cailedin 1904. * Bid a ad asked. HN ew stock, t A ss’ tpaid. 4; Ex-rigius. a Ex-div. cfc rights
.Share P rices—Not P er Centum P rices
STOCKS
BOSTON STOCK
Oct . 6 1906.)
807
Boston Bond Record.
1
•lO ttd
tU
is tin/
-----------
1JO.N08
BOSTON STOCK E X C H ’ GK
WEEK kndino OCT. 5
Am Bell Telephone 4 »___ 1908 J -J
Am Telep vte Tel coU tr 4s. 1920 , J -J
Am W rit Paper 1st s 15s g 1010 j - j
Atch A Nebraska 1st 7 s ..1008 M-8
Atch Ton A 8 Fe gen it 4 s .. 1995 A-O
A djustm ent g i s ___J ’ ly 1995 Nov
Boston Kleot Light 1st 6 s. 190$ M S
Consol 5s.......................... 1924 M-S
Boston A Low ell 4 s.......... 1907 J-D
4s.........................................1916 J -J
Boston a Marne 4 4 s .........1944 J-J
Boston Terminal 1st 34^-1947 F-A
Bur & Mo K iv ex 6 s .......... 1918 J-J
N on-exem pt 0s................ 1918 1 -J
J
Siuking fund 4 s.............. 1910 ! j - j
Butte A Boston 1st 0s___1917 A-O
Cedar Rap A Alo R 1st 7s. 1910 M-N
2d 7s ..T ............................. 1909 J-D
Cent V en n l 1st g 4 s..M a y 1920 Q-F
C B A Q Iowa Div 1st 5s. 1919 A-O
Iowa D iv 1st 4 s ...............1919 A-O
Debenture 5 s................... 1913 M-N
Denver E xten 4s............192*2 F-A
Nebraska K xten 4 s ....... 19*27 M-N
B A S W s t 4s..................1921 M-S
ILlinois D iv 3 4 s .............. 1949 J - J
Joint bonds See Gt N orthern
Chic Jc- Uy A Stk Yds 5s .1915 J-J
Coll trust reiunding g 4 sl940 A-O
Ch 51 ll A St P Dub D 6 s .. 1920 J -J
Ch M A St P W is V div 6sl920 J -J
Chic A N o 51ich 1st gu 5s. 1931 M-N
Chic A W Mich gen 5s___1921 J -D
Concord A M ont cons 4 s.. 1920 J-D
Conn A Pass R 1st g 4 s ... 1943 A-O
Current R iver 1st 5s.........1927 A-O
Det G r R a p A W 1st 4 s ... 1940 A-O
Dominion Coal 1st s f 5 s.. 1949 M-N
Eastern 1st gold 6 s .............1900 M-S
Fitchburg 5 s ....................... 180." M-N
4 s ....................................... 1915 M-8
M-S
.................
Fremt Elk A M o V 1st 0s. .1933 A-O
Unstamped 1st 6 s .......... 1933 A-O
Gt N or U B A Q coll tr 4s 1921 J-J
R egistered 4 s ................... 1921 Q-J
J'rice
Rrida u
Oct. 0
Rio
9$
91
Range or ! 5 c
Last &al#
Ask Low
Sale
984
91
Sale
Ranqc
sines
January 1
RON IKS
BOSTON STOCK E X C H ’ GE
W eek E nding Oct . 5
JJi(j h
~
\
9s 1
4
91 %
Low Hi oh
98 100
S9% 95
V"5 4 Alny’O — 1185 4 sn%
ol
104 Mar i‘0 - - - 10 4 1 0 l %
100% 1014 100% 1004-1
994 1103 4
9o 78 A u g’ 0 0 93 l-i 97
Illinois Steel debon 5 «___ 1910 J -J
N on-convert (toben 5 s ... 1913 A-O
la Falls A Sioux C ist 7 s.. 1917 A O
Kail C Clin A Spr 1st 5 s .. .1925 A-O
Kan C Ft S A i i u It 1st 7 s .. 190S J-D
Kan 0 Ft Scott A 51 6 a .... 1928 M-N
......
Kan C 51 A B gen 4 s.......... 1934 M-S
Assented income 5 s .......1934 M-S
110 F e o ’u-l
. . . __. . . . . . 104 4 A pr ’oo
Kan C A 5! Rv A Br 1st 5S1929 A-O
101 Sep ’ 00
UH D>1% Kan C St Jo A C B 1st 7s. .1907 J-J
M aine Cent cons 1st 7 s ... 191*2 A-O
114 Mar *06
114 114
Cons 1st 4 s .......................1912 A-O
lan ’03
Sep ’00
108 ........
1074 1111 Mara Hough A Out 1st 68.1925 A-O
*
M exican Central cons 4 s.. 1911 J -J
102 Sep ’ 05
1st cons inc 3s.......... Jan 1939 J ’ ly
10 99 * *99 %
99
99 ........ 99
100 J'n e’ Ol
'2d cons inc 3 s.......... Jan 1939 J ’ iv
123 ...........12 3 4 ] 23 4
123% 123% Mich Telep cons 5s tr rec.1929 J -J
Minne Gen E lec con g 5s 1929 J -J
i l l 4 J ’ly *05
N ew E ng (Nit Yarn 5s___1929 F-A
S7 4 88
S '?" 90*
87 4 Sep *06
New E ng Teleph 6 s .......... 1906 A-O
109 51 ay’ 05
6 s ....................................... 1907 A-O
.................. 101 A u g’ 06
100 101
6 s ....................................... 1908 A-O
102 4 J ’ l y ’ 06
10*2 4 104
o s ........................................1915 A-O
100
100 Sale 100
99 100 4
102 4 J ’ne’06
1o*2 % 105 4 X ew England cons g 5s... 1945 J - J
Boston Term 1st 4 s ....... 1939 A-O
99 J My ’06
97 4 99<4
90%
90 4 94 4 Old Colony gold 4 s .............1924 F-A
90*4
Oreg Ry A N av con g 4s. .1946 J-D
Oreg Sh Line 1st g 6 s ....... 1922 F-A
103 4 1 0 4 4 104 Sep ’ 06
104 107
98 ........ 99% Sei> ’ 0 6
97 4 994 Repub V alley 1st s f 6 s ... 1919 J - J
................. 122 A p r ’06
122 124 4 Rutland 1st con gen 4 4 s . 1941 J -J
Rutland-Canadian 1st 4s 1949 J-J
................. 126 F e b ’05
Savannah Elec 1st cons 5s. 1952 J -J
................. 103 Aug’06
103 103
................. 101 Sep ’06
Seattle E lec 1st g 5 s........ 1930 F-A
101 105
.................. 101*4 J’ne’06
1014 1014 Terre H aute E lec g 5s___1929 J-J
................ 1124 Jan ’ 03
Torrington 1st g 5 s.......... 1918 M-S
.................. 100 J ’n e’06
U nion jPac R R A 1 gr g 4s. 1947 J -J
100 106
92 Sep *06
1st lien con v 4 s ................ 1911 M-N
90
97
United Fruit con v gen 5s. 1911 51-S
98 Sep ’ 06
98 101
.................
U S Steel Corp 10-60 y r 5s. 1963 M-N
100 101
..................
Sep ’05
West End Street R y 4 s___1915 F-A
..................
A p r ’05
Gold 4 4 s ........................... 1914 M-S
991,
Gold debenture 4 s.......... 1916 M-N
994 1024
A.pr’ 00
Gold 4 s............................... 1917 F-A
..................
137 1 3 7 4
A n r ’ 05
W estern Teleph A T el 5s. 1932 J-J
..................
97*4 984 971, 1198 %
96% 101% W isconsin Cent 1st gen 4 sl949 J -J
9 7 4 ........ 9?i, Sep ’ 06
905s 1 0 1 4 W isconsin V alley 1st 7 s.. 1909 J -J
4
N ote —B uj’ er pays accrued interest in addition to the purchase price lor all Boston Bonds.
Week's
R an ye or
Last Sa le
B rice
PYiday
Oct. .5
£ "S 1
N
Hid
100
101
122 4
97 4
117%
.........
92 4
......
78
21
97
102
3**
R a n ge
Since
j J an u a ry l
A sk Low
High -Vo Low High.
101 Sep ’06
101
100 i o i %
. . . . 101 Sep ’ ()■
100 1 0 1 4
• 122 4 1 - 2 4
1
......... 1 2 / 4
122 4
......... 97 4 Sep ’ 06
97 4 100
105 4 M ar’06
105 4 106
118 4 1 17 4 J ’ ly v i '
l 17 4 123 4
96 4 J ’ l y ’ 06 e.. . 96 4 99 4
92
94
93 4 62 Sep ’ 06
101 J ’ l y ’ 06
100 1 0 4 4
i o n 4 Sep ’06
1 004 102 4
. . . . . . 115 A p r ’ OG
115 115
1
10 1*4 Sep ’ t>
;
118 Mnv’ (M
71*4
75% 84
804 794
23
19 4 J ’ n c ’ O
i
19 4 35 4
17% A u g ’ 05
75 ' J ’n e’ 03
102 4 A u g ’ 01
t, 97
Sale
97 "
974
100
100 4 Oct ’ ()
100 J ’ l y ’ 06
100 1 0 1 4
101 *4J ’ ne’ 06
*
1014101%
106% A p r ’ OG
104 107
.........
103 4 104
107 4 .........
1 0 0 4 .........
1 0 0 4 .........
100*4.........
100 101
1 0 1 4 Sep ’ 06
1014 1 0 1 4
1102% Jan ’ 05
1121'% M a r’ 06
1121% 11*21%
103 Jan ’ O1
103 103
1 0 7 4 N o v ’ Of
102 Alai* 02
98
984
9 8 4 51 ay’ 06
104
104
25 103 4 109
102 D e c ’ O '
100 J a n ’ 06
100 100
1102% Sep ’ 06 ___ 102 41 10 44
1150 4 A p r ’ 06
1150 4 1 5 5
109 4 S e p ’ 06
107 112%
5 1)96 1100 4
1199 4 1199%
100 4 1 0 2 %
1 0 0 4 S e p ’ 06 _
103 J ’ J y ’ O6
102 * 103 4
102% 102%
102% Jan 06
1 100 4 102%
1 0 0 4 100%
1 9941034
101
101
1)944 Sep ’ 05
109% A u g ’ 05
x N o price F rid a y ; latest bid and asked.
1 Flat price.
]
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
_______________ I___________________________________________________________________________________________________________________________________________
Range 1or Year
Range lor Frevloue
S h a r e P rice s—N ot P e r Centum P r ic e s
Sales
A C T IV E S T O C K S
Y e a r (1 9 0 5 )
1906
of the
( For B onds and Inactive Week
M onday
Saturday
Tuesday
Wednesday
Thursday
F riday
Stocks see below)
H ighest
Shares
Lowest
H ighest
Lowest
Oct 1
Oct 2
Sept 29
Oct 3
Oct 4
Cct 5
26
26
•65
*14%
* 2 5 4 27
15 *2 ♦14% 15
*105
25
*80
*14%
52
52
52
52
52
38% 38%
38 4
38 4 3s %
1 1 % 13%
1 1 4 114
11%
8%
74
8
8
74
33
34
3 3 4 34
344
17 % 17%
17
17
17
108 L09 4 *109
*108 109
80%
79% 8 0 s
79
79%
14
14
71
7 0 4 70% 70% q 71
49%
49% 49% * 1 9 4 50
8%
$5is
8%
-S% Q s%
29
29
2 8 4 29
29 4
75% 77
73 4 759i«
76*4
45
15
454
*444 45*4
*49% 5U
*49% 50
49 4
64% 64%
64%
•64 4 65
85% 85%
80*4
85 4 ^ 5 4
P H IL A D E L P H IA
Bia
106 L06
* 2 3 4 25
25
107
107
k
15
14% 14%
14%
15%
52
38%
11%
52
52
51% 52
38% 38%
3 8 4 38%
1 1 4 1 1 4 *1 1 % 1 1 4
74
8
8*4 * .........
74
33
33 4 33 4
3 3 4 33 4
17 % 17%
17*4
174 *17
110
1 0 9 4 1 0 9 4 v107 110
79% 80%
8 0 4 81
814
1 4 l% r
71
70%70*5i/j
7 0 4 70 4
49%
4 9 4 4 9 4 *49*4 49%
8%
S510 S5ig
8*4 8 513
2y
29
28 4 2 8 4
29 4
75% 76%
75 47fci15ie
774
45 4 45 4
45 4 *44 4 45*4
50
50
4 9 4 * 4 9 4 50
64%
64
64 4
64*4 6 4 4
85%
854 854
8 5 4 85 4
Ask
In a c tiv e S t o c k s
Allegheny' Val pref___50
Am erican Cem ent....... 10
6%
a toer Gas of N J ....... 10U
56
57
Bell T eleph on e............6u
Cambria I r o n ............... 50
48% 49
Central Coal & Coke. lOo
78
Consol T rac of X J ...1 0 0
Diamond State S teel.. 10
'" " %
P r e fe r r e d ...................10
%
%
Easton Con E lectric 5.50
36
E lec Storage Batt___ 100 "lO" 71
Preferred ............... 100
Ft W ayne <fcW V ....... 100
Germantown P ass.......50
Indianapolis S t.......... 100
.........
Indiana Union T r ___100
Insurance Co of N A . .10
23
28
Inter Sm P ow & Cbem.50
K eystone Telephone ..5u
12*4
P re fe rre d ...................50
K< ystoneW atchCase.100
........
Lit B rothers.................lo
........
Little Schuylkill.......... 50
M m ehill & Schuyl H ..5 0
N H aven Iron
S teel.5
3
6%
N oith ern C entral........ 00 106%
N orth P en n sy lva n ia ..50 103
Pennsylvania Salt.......50 111 il*2"
Pennsylvania S teel.. 100
64
P re fe rre d ................. 100 1 0 6 4
Phila Co (P itts) p re f...50
48 4 49
Phil German 6c N orris.5 o 155
Phila T raction ............. 50
97% 28*4
Railways G eneral.......lo
Susqueh Iron 6c S te e l..5 ........
1
Tidew ater s te e l.......... lo
P r e fe r r e d .................. lo
Tonoi>ah M ining of N evi T o " 119%
Union T r of In d ........ lOo
United N J R B & C ..1 Oi 2k*i s
U nit Trac Pitts p r e f..50 . . . . . . 50 *
4
V. irw.ek Iron 6c S te e l.lo
6
6%
W e.-: Jersey < sea S h .5 0 I ........
fc
i
W.
'-tm oreland Coal______ 5u \ i
9u
Gftrt tfc E iec..]O i
B a ltim o re
Consolidated Gas.......... 100
1 0 7 4 1 0 7 4 N orthern C en tra l......... 50
*24% 25 Seaboard (n ew )..............100
Do 1st p ref.......... .100
*82
84
Do 2d p ref............ 100
*54
56
15
15 4 United R y & E le ctric.. 50
P h ila d elp h ia
Am erican R ailw ays---- 5U
Cambria S te e l............... 50
E lectric Co of A m erica 10
Gen Asphalt tr c t f s ---- 100
Do pref tr c t f s ___100
Lake Superior Corp___100
Lenigli C & N av tr ctfs. 50
Lebiiih V a lley ............... 50
Marsden C o.................... 100
70 4 70% Pennsylvania R l i ......... 50
*48% 49*4 Pluladelp’ aCo (P it t s b ).. 50
8 *4
8 % Philadelphia E le ctric!. 25
28 4 28 4 Phila Rapid Transit*).. 50
75%761^ie R e a d in g ......................... 50
Do 1st p ref............ 50
45 4 45%
Do 2d p ie f.............. 50
*49% 50
6 4 4 64% Union T r a c to n .............. 50
85 4 85% United Gas Im pt.......... 50
*28
30 W eis bach C o ................. 100
*52
52*4
38 4 38%
1 1 4 114
*7
8
*33
344
17% 17%
1084109
79% 80
P H IL A D E L P H IA
B on d s
A1 V a l E ext 7s 1910 A -0
A lt A L V E le c 4 4S’ 33.F-A
A m R y s co n v 5 s 1911.J-D
A tl City 1st 5s g ’ 19. M-N
Balls Ter 1st 5s 1926. J-D
B erg A E B rw 1st 6s’2 1 J -J
Bethle Steel 6s 1998.Q -l
Che A D Can 1st 5s ’ 16 J-J
Choc A M e 1st 5s 1949 J-J
Ch Ok A G gen 5 s ’ 19 J-J
Col St R y 1st con 5 s 1932
C o n T ra co f N J 1st 5 s .’ 33
E A A 1st 51 5s 1920 M-N
E lec A Peo Tr stk tr ctf.s
Eq II Gas-L 1st g 5s 192>
11 A B Top con 5s ’ 25 A-O
Indianapolis R y 4s. 1933
Interstate 4s 1943 ..F -A
Lehigh N av 4 4 s ’ 14.Q-J
R R s 4s g .......1914.Q-F
Gen M 4 4 s g .1924.Q-l
Leh V C 1st 5s g ’ 3 3 ..J-J
Leh V ext 4s 1st 1948.J-D
2d 7s 1910............... M-S
Consol 6s 1923....... J-l>
A n n u ity 6s..............J-D
Gen cons 4s 2 0 0 3 .M-N
Leh V TTac 1st 4s ’29. J -1>
N ew Con Gas 5s 1948 J-D
N ew ark Pass con 5s 1930
N Y Pli A N o 1st 4s ’39 J-J
Incom e 4s 1 9 3 9 ...M-N
N oO hioTrac con5s’ 19.J-J
No Penn 1st 4s ’ 3 6 ..M-N
Penn gen 6s r 1910.. Var
Consol 5s r 1919...V a r
Penn A M d Steel con 6*. I
Pa A N Y Can 5a ’ 39. A O!
Con 4s 1930....... ...A -O l
Penn Steel 1 s t5 s ’ 17 M-N
People’s T r tr certs 4s M3
p C o 1 .4 1 c o ltr 5sM -» M-8
C m i & col tr 5s 1951 M-N
Phil Elec gold trust ctL .
Trust cortils 4 s.............
Bid and asked prices; no sales on this d 3*.
7 Ex-right j
B id
A sk
98
i o i 4 101%
106
119
119%
105
.........
106*<
112
99%
99
106
105*4
86
67% *6 8 4
108
1114 111%
i'09%
122 %
151
9b% 99%
io d
106
112
io i ! i o f 4
1064! 107
u j........
9J
9 J l4
68 4 i 69
50 paid.
224
145
1,725
P A E gen 51 5 g ’ 20.A -C
Gen M 4s g 1920.. A AC
Pli A Read *2d 5s ’33.A-C
Con 51 7s 1911.......J-D
Con 51 6 s g 1 9 1 1 ....J-D
E x Im p 51 4s g ’4 7 .A-C
Terminal 5s g 1941.Q-F
P W A B col tr 4s ’ 21. J-J
Portland R y 1st 5 s 1930.
Roch R yA L coil 5s ’54J-J
U Trac in d gen 5s’ 19.J-J
Un Rys T r ctls 4s’ 49JAJ
U Trac P it gen 5s ’97 J-J
W elsbacli s 1 5s 1930.J-D
W lks-B G A E con5s’ 55J-J
B A L T IM O R E
in a c tiv e S to c k s
A la Cons CoaiA Iron. 100
P r e l ............................100
Atlanta A Charlotte.. 100
Atlan Coast LineBR.lO O
Atlan Coast L (Conn) 100
Canton C o................... 100
Cons Cot Duck C o r p ...50
P re fe rre d ................... 50
Georgia Sou A F la ... 100
1 st p ref..................... 100
2 d p r e f.......................100
G-B-S B rew in g.......... 100
B on d s
Anacostla A Pot 5s..........
All A Ch 1st 7. ..1907 J-J
Al l an C L RR4sl952AI-S
Atl Coast L (C t)ctfs 58 J-D
Ctfs of iiulebt 48___J-J
5-20 yr 4s 1925.........J-J
Balt CPass 1st 5 s ’ l l M-N
Balt Fundg 58.1916 M-N
F x chan ge 3 4 s 1930 J *
.
J
Balt. A P 1st 6 s m i ’ l l A-O
Bait T rac 1 st5 s .. ’29 M-N
No Balt Div 5s 1942 J-D
Convertible 5 s.*06 M-N
Cent’ 1 By c o n o s l932 M-N
Ext 3c Imp 5s. 1932 M S
I $10 paid.
J’ne 7
J ’ly 3
Cct 2
Sep 20
Sep 28
Sep 13
92
108
32
91%
62 4
19
J’ne20
Sep 13
Jan 17
Mar30
J an 5
Jan 15
83
99
214
83
47%
12 4
May 90 A pr
May 110% Sep
Jail 34 Dee
Mai 91 4 N ov
Jan 64 Dee
Api 18 Mar
147
5,751
247
222
595
993
71
12,472
1,175
2,463
227
2,827
1,585
79,110
42
136
844
2,468
P H IL A D E L P H IA
t $15 paid.
82
97
25
85
55
144
50% Sep 10 54 Jan 27 48 Jan 5 4 4 Apr
30% Jan 5 39% Sep 10 24% May 3*2 Dec
11 M ay 9 12 4 Jan 10 1 0 4 Jan 12% Feb
7 4 Sep 29 14 Jan 4
8 4 Dec 17% Jan
33 C ct 2 48 Jan 19 36 N ot 49 Jan
16% Sep 26 23% Jan 15 14 4 May 25*4 Alar
101*4 May 2 118 J a n l9 L U 4 J ’ly 1 2 3 4 Nov
O
65 Alay 2 86 J ’ne 8 52 4 Jan 90 4 N ov
2 % Dec
5% Jan
l 4 Aug31 3*°i0 Jan 10
61% J ’ly 3 73l l ic Jan 22 65i%6 May 7 3 % Aug
47 A p r 20 a54 “2 -Mar 2 6 40% Jan 55*4 N ov
8 J ’ne 1 2 4 A pr
7% Jan 11
8% Aug27
224 J ’ne 15 234*4 Jan *2, i 17 % Jan 236 A pr
5 6 4 May 3 83 Jan 23 39% Jan 71*%e Nov
43% Apr 16 47**16 Jan 23 45 Alay 47 Aug
44% May 2 51 Jan *23 42 Jan 5 0 4 N ov
61% Mar28 6 0 A ug2i 58*4 Mar 63*4 Cct
1)814 M ayl6 101 Feb 15 90 J ’ ue 125% Apr
.... 29% A u g l4 32 Mar 1 20 Feb 31 Nov
B id
A sk
B A L T IM O R E
Clias C ityR y 1st 5 s ’23 J-J
Chas R y G cC El 5s '99 M-S
110% 112
. . . — Chari C & A ext 5 s. ’09 J -J
2d 7 s............... 1910 A-C
113 113%
City & Sab 1st 5 s.. ’22 J-D
103 % Oity<& Sub( W a s )ls t5 s ’ 48
...... Coal & 1 R y 1st 5 s 520F-A
121
C ol& G rnv 1st 6s.1916 J-J
101%
Consol Gas 6 s ... 1910 J-D
5s...................... 1939 J-D
.......
Ga & Ala 1st con 5s ’ 45 J -J
*97 4
86 % Ga Car 6c N 1st 5s g ’ 29 J-J
112 4 . . . . . . G eorgiaP 1st 6 s . . . ;22 J-J
74
GaSo & Fla 1st os 1945J -J
73
G-B-S B rew 3-4s 1951AI-8
2d incom e os 1951 M-N
K noxv T rac 1st 5s ’28A-<;
LakeR El 1st gu5s’42Ai-S
58
A letSt(W asli)lst5s’ 25F A
90
93
Alt V er Cot D uck 1st 5s.
180
I n c o m e s .........................
140
N p tN & C P 1st 5 b’38 M-N
325 355
General 5s___1941 M-8
92
94
N orfolk St 1st 5 s ’ 4 4 ..J-J
12% 13
N orth Cent 4 4 s 1925 A-C
. . . . . . 34
Series A 5s 1926___J*J
32% 40
Series li 5s 1926---- J-J
87
90
Pitt Un TTac 5s 1997.J-J
78
80
Poto Val 1st 5s 1 9 4 1 ..J-J
9% Sav Fla & W est 5s ’ 34 A-( >
9%
Seaboard A L 4s 1950 A-<
102% 102% Seab 6c Roan 5s 1926. J-J
South Bound 1st 6 s..A -C
101% 102
98*4 98% UE1 L<ftP 1 s t4 4 s ’ 29 M-N
Un K y& El 1st 4 s ’49 M -s
110 111
Incom e 4s 1949.......J - i '
89
91
Va Mid 1st 6a 1906..M-8
89
92
2d series 6s 1911 ...M -8
104%
3d series 6s 1916.-M->
110 Ll l
4th ser 3-4-os 1 9 2 ]. M102 103
5tli series os 1 9 2 0 .M
108 .........
lit
116 1 Va (State) 3s new ’32.3 —
U 7 ] Fund debt 2-3s 199J .J-I
no
W est X (J con 6s 191 4 J \Ves Va Cite P l st Gg' 11 J i V:i
112
1 . . . . . 1Wd & Weld 58..1936 J
.
* $20 paid.
a Receipts.
b $25 paid
Bid
114
93%
115
10 8
110
103
103
112
106
109%
109
109
112
113
59%
37 %
105
116
......
82%
95
1U6
103
115
115
1 10
112
114
83%
107
110
94
88 %
68%
. ....
109
108
J 10
1 11
94
94
l 11
loG
114
Ask
94
........
ii£
104
LU4
114
lo o 4
no
no
1134
114
60
38
1154
...
......
83
1U0
____ _
114
115
H4
109
112
96
88%
68%
......
......
........
........
96
95
1J2
107
117
808
THE
C H R O N IC L E .
[V O L . L X X X IIL
Jmuestmrnt and Railroad intelligence.
RAILROAD
GROSS EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. W e 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. T h e r e tu r n s o f th e street r a ilw a y s a re b rou g h t to g eth er s e p a r a te ly o n a su b se q u en t p a g e .
Latest Gross Earnings.
ROADS.
Week or
M onth.
A la N O Sc T ex Pac.
N O S N E ast___
c
A la & Vicksburg-_
V icksburg Sh & P
fcAtcli T op & S F e . .
A tlanta & C h a ri___
A tla ’ Birm & A tl’ c .
Current
Year.
July 1 to Latest Date.
Previous
Year.
3
$
th em .— See Southern Railway.
Current
Year.
Previous
Year.
8
$
459,874
38,000
47,000
560,483
1st wk Sept
23,000
251,347
202,920
16,000
1st wk Sept
' 26,000
13,000
272,375
185,363
1st wk Sept
A u g u s t ___ 7,251,523 6,156,971 13,892,173 12,025,700
317,426
300,113 4,061,242 3,688,488
108,098
88,079 1 ,133 924 1,007,462
J u n e _____
A u g u s t___ 1,829,254 1,612,763 3,747,957 3,302,676
Baltlinore & O hio... A u g u s t ___ 7,181,040 6,398,087 13 725,886 12,166,916
212,468
181,432
,349,224
Bangor & A roostook A u g u s t ___
426,493
4,961
9,483
5.307
8.736
Bellefonte Central
A u g u s t ___
Bridgeton & Saco R J u l y _____
4,948
5,313
5,313
4,948
B uff R och & P itts . . 4th wk Sep 231,689
241,745 2,050,644 2,378,869
152,733
132,680
282,586
Buffalo S Susq____ A u g u s t ___
c
243,253
Cal N orthw estern. _ A u g u s t ___
171.760
180,974
363,205
320,118
180,900
Canadian N orthern. 4th wkSept
138,200 1,823,100 1,131,500
Canadian P acific---- 4th wkSept 2,004,000 1,606,000 18,239,420 14,241,900
Central ol G eorgia. _ 3d wk Sept 227,100
232,500 2,576,848 2,398,880
Central of N Jersey- August . . . 2,443,068 2,248,388 4,657,569 4,320,144
Chattan Southern_ _ 3d w k Sept
2,717
2,507
28,848
37,775
Chesapeake & O hio. A u g u s t ___ 2,201,092 1,967,281 4,129,002 3,742,894
Chesterfield & Lane J uly
2,967
__
2,519
2,519
2,967
C hicago & A tlon B y A u g u s t ___ 1,132,871 1,056,300 2,172,554 1,986,937
Chic Great W estern 3d w k vSept 190,170
173,511 2,132,211 1,851,867
Chic Ind S L ou isv . 3d w k Sept
c
128,633
129,684 1,437,230 1,432,749
Chic Ind & Souther n .— See Ne w Y ork C entral.
Chic Milvv & St Paul J u n e _____ 4,773,733 4,240,626 55,423,053 49,884,114
Chic & N orth W e st. A u g u s t ___ 5,977,485 5,361.303 11 ,488,394 10,289,603
■Chic St Paui M & G_. A u g u s t ___ 1,105,999 1,028,980 2,134.539 1,948,114
‘ Chic Term Tr R R __ 3d wk Sept
32,878
33,675
388,304
382,843
Cin N O & Texas Pa c .— See So utkern R aiiway.
'Cin N orthern — See New Y ork Central.
Cle-v Cin Chic & St L .— See New Y ork Ce ntral.
Colorado Midland __ A u g u s t ___
218,256
182.147
414,400
346,666
h Col & South S y s. _ 4th wkSept
281,636
241,865 3,198,844 2,867.955
Col N ewb S Laur__ July _____
c
19,221
22,580
19,221
22,580
6 5 ,3S5
Copper R an ge-------- June
65,882
679,286
628,613
34,380
Cornwall___________ A u g u s t ___
19,403
15,916
37,490
33,667
37,566
293,665
441,709
June _ _ _
D enver S R io G r___ 4th wkSept
c
535,400
507,000 5,282,311 4,906,OSS
23,546
D etroit & M ackinac 3d w k Sept
19,144
232,961
281,730
77,302
D et T ol Sc Iront Sys 3d wk Sept
81,340
919,446
837,943
D ul R L S VVinnip. A u g u s t ___
c
30,150
20,024
11,532
56,830
98,171
Dul So Shore Sc A ti. 4 th wkSept
89,936
893,908
821,177
E rie________________ A u g u s t ___ 4,514,677 4,406,759 8,875,701 8,366,059
-Fairchild S N E — A u g u s t ___
c
1,375
1,774
3,616
2,753
85,025
F onda Johnst S Gl_ July _
c
78,805
85,025
78,805
235.892
Georgia R R ----------- A u g u s t ___
211,384
418,334
454,441
Georgia Southern S Pla.— SeeS outhern Railw ay.
c
Grand Trunk Sys__ 4thw k Sept 1,109,613 1,081,876 11,304,693 10,329 .303
Gr Trunk W est_. 2d w k Sept
125.083
118.474 1,274,215 1,130,119
35,525
Det- Gr H & M il... 2d w k Sept
29,496
435,805
351,810
Canada Atlantic.. 2d w k Sept
44,903
44.489
448,994
4 88,6S8
Great N orthern------ August ___ 4 ,7 6 8 ,8S3 3,757.307 9,545,319 7,451 636
230,216
M ontana C entral. A u g u s t ___
416.064
215,233
477,731
T otal system ____ A u g u s t ___ 4,999,099 3,972,540 10,023,050 7,867,700
43,508
Gulf & Ship Island. 3d w k Sept
32,218
417,363
533,719
630,680
575,791 1,224,131 1,080,783
H ocking V a lley ------ August _
Illinois Central------ A u g u s t ___ 4,486,251 4,015,835 8,828,397 7,764,834
24,455
26,432
Illinois Southern — June
278,929
336,556
Inter & Gt N orth’n . 4th wkSept
268,800
231,371 1,842,800 1,638,083
■a Interoceanic(M ex) 4tli wkSept
168,435
143,532 1,661,963 1,487,890
77,561
Iow a Central_____ _ 4thwk Sept
77,081
761.507
695,996
9nft Rft TQft CR1
K anaw ha Sc M ic h ..
681,676
538,345 1,372,699 1,086,073
K an City Sou th ern . A u g u s t ___
Lake Erie S W ester n .— See Ne w Y ork C entral.
c
I. O ^
Lake Shore S Michi ^ciii wbuutuc I L
c
Lehigh V a lle y _____ A u g u s t ___ 3,299,827 2,836,037 6,339,871 5,484,296
L exington S E ast’n A u g u s t ___
c
53,383
47,473
90,863
103,659
Inc. 10 3,039
L on g Island_____
July .
Inc. 10 3,039
104,960
Louisiana S A rk a n . A u g u s t ___
c
74,790
150,486
208,709
Louisville Sc N ashv. 4th wkSept' 1,099,585 1,109,743 11,556,495 10,257,780
M acon & F irm in g. _ A u g u s t ___
12,186
12,314
23,951
24,233
32,106
M anist S No E a s t .. J u l y _____
c
30,763
32,106
30,763
11,783
13,017
M anistique______
A u g u s t ___
24,819
25,395
M aryland S P e n n .. A u g u s t ___
c
32,741
35,199
60,776
61,674
■a M exican Central__ April _
2,500,372 2,2 70,240 23,315,446 21,418,238
180,284 1,854,945 L514;421
a Mexican Internal 4th wkSept
186,743
a M exican R a ilw a y. 2d w k Sept
142,000
10S ,600 1,4S4,100 1,303,300
a M exican Southern 2d w k Sept
24,415
21,805
244,477
252,635
Michigan Central.-— See New Y ork Centr al.
16,989
Mineral R an ge_____ 4th w kSept
21,306
192,417
194,119
114,557
88,861
989,015
Minneap S St Louis 4tliwk Sept
c
986,155
-Minn St P Sc S St M_ 3d wk vSept 283,329
232,S79 2,975,923 2,333,339
Mo Kansas S Texas 4th w kSept 787,423
c
692,966 5,877,585 5,195,314
M o Pacific Sc Ir Mt_ 4th w kSept 1,235,000 1,211,000 11,633,027 10,554,778
Central Branch _ _ 4th w kSept
72,000
53,000
439,322
586,313
T ota l____________ 4th wkSept 1,288.000 1,283,000 12,072,349 11,141.091
b M obile Jack & K .C July _____
114,295
66,658
114,295
66,658
M obile S O h i o — Se e Southern Railw ay.
c
Nash Chatt Sc St L_ A u g u s t ___
969,531
872,772 1,879,778 1,674,021
-National R R o f Mex 4th wkSept 350,423
342,826 3,599,496 3,155,505
24,189
. H idalgo & N E__ 4th wkSept
255,652
6,504
N eva d a C en tral____ J u l y _____
6^504
3,733
3,733
.N ev-Cal-Oregon____ A u g u s t _
_
27,304
22,753
49,273
43,053
c
New Y o rk Chicago S St Louis — See Ne w Y ork C entral.
N Y Out Sc W estern A u g u s t ___
845,505
782,954 1,652,875 1,481.477
1
(July I to Latest Date.
Latest Gross Earnings.
HOADS.
Week or
M onth.
Current
Year.
Previous
Year.
Current
Year.
$
%
N Y C Sc H ud R iv__ A u g u s t ___ 8,623,508 8,146,19."
Lake Sh S M S__ A u g u s t ___ 3,823,405 3,480,797
c
Lake E S W est__ A u g u s t ___
c
509,230
498,355
167,53E
Chic Ind S Sou L A u g u s t ___
c
170,679
Mich Central____ A u g u s t ___ 2,175,481 2,089,845
Cl C C & St L ____ A u g u s t ___ 2,365,287 2,158,266
Peo S Eastern___ A u g u s t ___
c
286,183
257,840
Cin N orthern____ A u g u s t ___
115,046
9 2 ,00&
Pitts S Lake Erie A u g u s t ___ 1,257,504 1,140,938
c
R utland _ _
256,172
287,518
A u g u s t ___
N Y Chic S St L_ A u g u s t ___
c
809,568
755,875
243,950
N Y Susq S W est__ A u g u s t ___
c
245,698
N orfolk S Western.- A u g u s t ___ 2,528,814 !2,394.003
c
N orthern Central _ _ A u g u s t ___ 1,058,03G | 919,436
N orthern Pacific___ A u g u s t ___ 5,817,562 14,990,122
Pacific Coast C o ___ J u l y _____
563,514
590,773
d P enn— East P S L A u g u s t ___ 13112 499 11914 899
c
Inc. 68 3,200
d W est P S E ____ A u g u s t ___
c
Peoria S Eastern— See New Y ork Centr al.
c
Phila Balt. < Wash. A u g u s t ___ 1,447,127 1,252,827
fc
680,779
Philadelphia S Erie July . . . . .
c
753,213
Pitts Cin Chi S St L A u g u s t ___ 2,589,065 2,361,773
c
Pittsburgh S Lake Erie— See N ew Yor k Central
c
Raleigh & Southport J u n e ____
5,695
4,374
Reading R ailw a y. _ A u g u s t ___ 3,505,125 3,492,781
Coal S Iron Co__ A u g u s t ___ 2,237,090 2,279,361
c
T otal both c o s ___ A u g u s t ___ 5,742,215 5,772,142
158,376
R ich Fred’ksb’g S P J u l y _____
c
144,256
R io Grande Jet____ J u l y _____
61,595
48,919
13,357
10,121
R io Grande South. _ 3d wk Sept
R ock Island System A u g u s t.. _ 5,049,276 4,481,592
R utland— See New Y ork Centr al
142,719
St Jos Sc Grand Isl _ J u l y _____
133,848
e St L S San Fran__ A u g u s t ___ 1,866,647 3,552,474
c
269,867
215,452
St Louis Southwest- 4th wkSept
Seaboard Air L in e .. July _____ 1,181,900 1,120,865
Sierra R a ilw a y ------ A u g u s t ___
32,275
41,861
Southern Indiana. _ A u g u s t ___
140,053
123,564
c-Southern Pacific Co J u l y _____ 9,246,421 8,189,177
Southern Ry__
4th wkSept l ,337,580 1,492,704
168M43
143,365
M obile S O hio___ 3d w k Sept
c
177,874
Cin N O S Tex P_ 3d wk Sept
c
164,128
A la Great South. 3d wrk Sept
76,017
60,914
168,012
146,201
Ga South S F la .. A u g u s t ___
c
19,077
16,070
Texas Central_____ 3d wk Sept
331,755
Texas S Pacific____ 4th wkSept 467,245
c
Tidewater S W est. J u l y _____
c
7,625
6,171
473,832
411,479
T oledo S Ohio Cent August _
c
20.906
30,228
Tol Peoria S V 7est_ 3d w k Sept
c
109,454
Toledo St L S W7est 4th wkSept
c
81,667
6.112
3,505
Tom bigbee V alley. _ A u g u s t ___
55,234
T or H am S Buffalo A u g u s t ___
c
62,063
Union Pacific Syst_ J u l y _____ 6,289,753 5,455,712
• 80,432
82,445
Virginia S So W est. August . . .
c
674,354
641,239
W'abash _ _
- 4thwk Sent
121,722
121,054
W estern M aryland. 4thwk Sebt
820,050
773,950
W est Jersey S S ’e__ A u g u s t ___
c
148,900 '158,700
W heeling S Lake E 4th wkSept
c
14,321
6,151
V richita V alley___ J u n e ___
12,868
14,90S
W ’insport S N Br__ M ay __ .
c
641,003
677,168
"Wisconsin Central. _ A u g u s t ___
15,367
15,018
W rightsv & Tenn__ A u g u s t___
674,775
456,437
Y'azoo S- Miss Valley A u g u s t ___
c
A tlanta S Charlotte A ir L ine___
c
■Rpllr.fnnt.p, Central
a Interoceanic o f M exico____
Manistee S N orth E a ste rn .. __
c
Manistique —
-a M exican International_____
a M exican R ailw ay.
.
a M exican Southern.
NAt.irmYl R R of Mexico
New Y'ork Central _
Lake Shore & Mich Southern.
Lake Erie S W estern
c
l Chicago Indiana S Southern
c
Michigan Central
Clev Cin Chic S St Louis-------c
Pecria S Eastern.
c
Cincinnati Northern
-------Pittsburgh & Lake Erie-------R utland __ _ —
N Y Chicago S St Louis
c
N orthern Central
d Penn— East of Pitts & E rie---d V7
est of Pitts & Eri,e_ _.
Phila Baltimore S W ashington.
c
Philarieinhia & Erie
Pitts Cin Chicago S St L ouis___
c
R io Grande Junction
Texas S Pacific-----c
W est Jersey S S eash ore.---------c
Mch
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
June
A ug
Sept
July
A ug
Sept
Sept
Sept
Sent
A ug
A ug
A ug
A ug
A ug
Aug
Aug
A ug
A ug
Aug
Aug
A ug
A ug
A ug
A ug
A ug
Aug
July
Sept
A ug
$
S
16,352,730 15,281,493
7,407,836 6,585,001
942,475
870,127
336,757
335,212
4,204,452 3,960,534
4,508,651 4,049,178
471,732
530,820
203,399
162,938
2,573,277 2,209,012
537,441
486,594
1,618,290 1,424,703
442,514
476,981
4,930,182 4,521,750
2,030,751 1,772,451
11,571,584 9,505,018
563,514
596,773
25,519,364 22.698.764
Inc. 1,46 5,100
2,813,405
753,213
4,996,110
2,486,905
686,779
4,508,389
04,282
49,637
6,679,453 6,591,059
4,388,217 4,124,358
11,067,670 10,715,417
158,376
144,256
61,595
48,919
125,184
138,577
8,458,263 8,352,978
142,719
133,848
7,540,870 6,709,318
2,431,3'21 2,101,576
1,181,900 1,120,865
80,302
61,407
259,444
230,913
9,246,421 8,189,177
13,636,919 12,737,849
2,157+ 11 1,831,089
1,958,475 1,729,009
885,457
768,296
339,273
294,471
188,711
183,384
3,273,505 2,520,502
7,625
6,171
875,887
738,001
281,844
298,729
990,3S6 1,047,179
11,542
0,759
124,802
110,271
6,289,753 5,455,712
165,294
156,451
7,202.704 6,415,604
1,380,213 1,218,507
1,501,031 1,429,231
1,525,989 1,402,731
30
31
30
31
31
30
14
14
21
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
30
31
161,189
1,291,337
31,213
1,263,242
154,807
1,232,39S
28,789
985,073
Current
Year.
Period.
Various Fiscal Years.
Previous
Year.
Previous
Year.
$1,329,773
36,720
5,160,453
274,485
75,976
5,892,475
4,981,100
876,298
10,993,421
59.231,954
2S,014,932
3,467,854
1,483,020
16,913,594
15,871,169
1,992,376
679,160
9,620,433
1,805,309
6,504,289
7,512,545
95,346,313
Inc. 5.87
10,32G ,716
4 + 19,135
19,148,575
432,320
9.876,993
3,671.6S3
$1,244,229
3S ,963
4,719,605
267,872
60,990
4,756,902
4,434,400
S70.527
9,265,850
54,471,056
24,751,945
3,159,498
1,372,085
14,6S7,693
14,280,201
1,778,636
542,587
S ,262,904
1,628,886
5,767,613
6,768,545
84,673,613
3,400
9,556,916
4,331 ,S72
17,047,314
359,955
8 ,172f4S6
3,261,483
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M onthly Summaries,
4th
1st
2nd
3rd
4tli
1st
2nd
3rd
4th
week
week
week
week
week
week
week
week
week
July
Aug
Aug
Aug
Aug
Sept
Sept
Sept
Sept
(40
(41
(41
(41
(43
(42
(43
(43
(28
ro a d s).
roads)
roa d s).
roads)
roads)
roads)
roads)
roads)
roads)
Cur’ nt Year Prev’s Year. Inc. or Dec.
§
13,517,452
9,432,008
9 ,6 9 1 ,2S6
9,668,852
14,996,19S
9,916,451
10,246,594
10,517,062
12,319,044
11,801,20S
8,168,670
8,323,983
S, 509,342
13,302,828
8,765,450
9,160,323
9,298,534
11,413,946
+
+
+
+
+
+
+
+
1,716,244
1,263,338
1,367,303
1,159,510
1,693,370
1,151,001
1 ,0S6,271
1,218,528
+ 905,098
%
14.54
15.46
16.42
13.62
13.23
13.13
11.85
13.14
7.93
M onthly Summaries.
M onth
M onth
M onth
M onth
Month
Month
M onth
M onth
M onth
D ec
Jan
Feb
M ch
A pril
M ay
June
July
A ug
1905
1906
1906
1906
1906
1906
1906
1906
1906
(113
(117
(118
(110
(111
(124
(113
(117
(68
ro a d s).
roa d s).
roa d s).
ro a d s).
roa d s).
roa d s).
roa d s).
ro a d s).
reads) _
Cur'nt Year Prev's Year. Inc. or Dec.
$
159,312.944
152,9S0,485
142,656,542
159,258,S90
136,685,537
152,183,742
146,010,301
168.336,461
70,344,748
%
142,053,423
126,555,852
112,895,257
143,978,440
128,005,775
13S ,557 ,S72
130,233,293
148,013,565
70,099,249
1
%
8
+ 17,259,521:
+ 26,424.633
+ 29,761,285 26.36
+ 15,280,450 10.61
+ 8,679.762 6.78
+13,62 5 ,S70 9.83
+ 15,777,008 12.11
+ 20,322,S96 13.73
+ 9,245,499 13.19
a M exican currency, b Includes earnings o f Gulf & Chicago D ivision, c Includes the H ouston & Texas Central and its subsidiary lines in both
years, cl Covers lines directly operated, e Includes the Chicago & Eastern Illinois in both years, h Includes earnings of Col. S South., Ft. W orth
c
Sc Denver City and all affiliated lines, excepting Trinity Sc Brazos V alley R R . k Includes in both years earnings of Denver Enid S Gulf R R ., Pecos
c
JSjwtem and Santa Fe P rescott S P hoenix R y . I Figures prior to April io 1906 are those o f the Indiana Illinois & Iow a and Ind. Harb o l Indiana,
c
O c t . (> 1906. J
801)
T H E C H R O N IC L E .
It will be seen that there is a gain on the roads reporting in
the amount of §3,473,254, or 10.68% .
------ Gross Eam 'gs
-------NG Earnings-------Current
Current.
Precious
Previous
Year.
Year.
1’ear.
Year.
S
Roads.
%
S
$
Lehigh Valley b
Aug 3,299,827 2,836,037 o\ ,516,462 01 .218,186
July 1 to Aug 31
6.339,871
5,484,296 02,849,012 02.309.803
53,383
47,473
22,030
14,699
Lexington & East’ ll b - Aug
103,659
90.863
31 .648
July l to Aug 31
45,071
883.115
Louisville & Nashv
b Aug 4,009,935 3,402,005 1,017,213
7,721.695 6,710,587 2.036,825 1 ,909,490
July 1 to Aug 31 Aug
677,614
511,636
197.168
Mexican Internal L
247,064
5,304,721 4,262,768 2,087,873
1 ,631 ,819
Jan l to Aug 31
68,145
69,027
21,584
Aug
9,156
Mineral Range, b
132.277
127.402
39.874
21,091
July 1 to Aug 31
Aug 1.055,813
490,396
916,308
503,096
Minn St P & S S M b
2,138.789 1,693.742 1 ,029,623
849.014
July l to Aug 31 _
196,504
872,772
969,531
203.532
Nashv Chatt & St L b Aug
1,879,778 1,674,021
420,675
405,767
July 1 to Aug 31 __
427,580
381,487
Aug 1,230,406 1 ,078,390
National of Mexico
9,812,373 8,170,941 3,876,5 46 2,697,236
Jan 1 to Aug 31
82,506
20,769
Llldalgo & Northeast. Aug
—
370,020
—
117,859
Apr 25 to Aug 31.
N V New H av & Hartford _b—
Apr 1 to June 3 0 ______ 13,435,186 13,510,380 2,892.630 5,302,311
Jan 1 to June 30
.. .25,588,736 24,609,591 5,946,351 7,005,475
July 1 to June 3 0 ______ 52,984,320 49,981,947 14,761,734 14,148,925
931,663
947,669
Norfolk & Western _ b . Aug 2,528.814 2,394,003
4,930,182 4,521,750 1,833,645 1,712,066
July 1 to Aug 31. 919,436
323,376
332,076
Northern Central b
.Aug 1,058,036
7.512,545 6,768,545 1 ,740,892 1,157.992
Jail 1 to Aug 31 __
Pennsylvania— Lines directly operatedEast of Pitts & E r ie .-A u g l3 .112,499 11,914,899 4,841,070 4,443,470
Jan 1 to Aug 3 1 ______95.346.313 84,673.613 28,513,924 23,482,224
West of Pitts & E rie-_A ug.
Inc.
683,200
Inc.
142,800
Jan 1 to Aug 31____ .
Inc. 5,873,400
Inc. 2,058,600
394,526
465,326
Phila Balt & Wash b .Aug 1 447,127 1,252,827
Jan 1 to Aug 31_ __ 10,326,716 9,556,916 2,596,020 2,270,120
19,153
25,327
Pocahontas Collieries.....Aug
36,436
48,341
July 1 to Aug 31 _
158,376
144,256
55,734
53,460
R ich Fred’g & P otom a c. July
30,259
Rio Grande Southern_ b_Aug
51,325
49,741
21,319
95,636
43,612
47,597
101,838
July 1 to Aug 31____ _
718,876
175,877
St Louis Southwest’ ]! b_Aug
833,804
293,209
478,842
July 1 to Aug 31______ 1,566,548 1,389,057
338,162
Southern Railway System —
Southern Railway _a_ _Aug 4,643.765 4,258,535 1,119,138 1,290,547
July 1 to Aug 1 ___ .. . 9,123,560 8,281,489 2,055,880 2,237,675
852,142
_
Aug
699,302
274,085
184.885
Mobile & Ohio .a _
525,688
398,888
July 1 to Aug 31______ 1,656,492 1,402,737
* Cin N O & T ex Pac_a_Aug
709,796
665,407
108,679
158,853
1 ,462,969 1,278,793
311,178
July 1 to Aug 31____
288,534
Alabama Gt South_a_Aug
343,250
294,001
73,752
57,672
140,784
104,290
July 1 to Aug 31
667,018
585,780
Georgia South & Fla.a. Aug
168,012
146,201
21,763
31,501
339,273
294.471
52,992
73,274
July 1 to Aug 31 _
473,832
Toledo & Ohio Cent. a__Aug
411,479
206,941
152,921
875,887
738,001
July 1 to Aug 3 1 _ . . .
_
356,548
237,670
West Jersey & Sea S h .b .Aug
820,050
773,950
427,061
418,361
Jan 1 to Aug 31 .
3,671,683 3,261,483 1,243,455 1,038,055
Wheeling & Lake Erie. b_ Aug
488,382
561,037
223,357
131,928
July 1 to Aug 31______ 1,014,146
918,498
381,748
250,300
Wisconsin Central b_ .A u g
677,168
641,003
278,670
257,609
_ July 1 to Aug 31______ 1,291,337 1,232,398
_
484,181
518*247
Wrightsv & Tennille_b__Aug
s l 5 ,367
515,018
3,714
4,291
July 1 to Aug 31______
528,789
9,546
531,213
9,758
Y azoo & Miss Valley _a_ _Aug
674,775
456,737
4,261 deflOO ,528
July 1 to Aug 3 1 ._____ 1.263,242
985,073 defSl ,228 d e f!4 9 ,587
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. 22 1906. The
next will appear in the issue of Oct. 20 1906.
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
o Including other income, total Income (exclusive of results of coal
companies) for August is $1,642,545 in 1906, against $1,277,78S in 1905
and for period from July 1 to August 31 is §3,058,041 in 1906. against
$2,440,129 in 1905. Deductions from total income for additions and
improvements were $265,758 in August 1906, against $111,076 in 1905,
and from July 1 to August 31 were $406,296 in 1906, against $143,646 in
1905.
.8 Includes S4S2 other income for August 1906 against $404 In 1905
and from July 1 to August 31, $933 in 1906, against $796 last year.
Latest Gross Earnings by Weeks.— In the table which
follows we hum up separately the earnings for the fourth
week of September. The table covers 2S roads and shows
5.30% increase in the aggregate over the same week last year:
Fourth week of September.
1906.
1905.
Increase. Decrease.
$
231 .689
180,900
2 ,0 0 1 . 0 0 0
$
241.745
138.200
l ,606,000
12.7 6 6
398.000
281 .636
535,400
98,171
241,865
007.000
89,936
39.771
28,400
8,235
l .109,613
1.081 ,876
27,737
268,800
168,435
77.561
1.099,585
186,743
16.989
88.861
787.423
1 .235,000
53,000
350,423
National R R . of M exico----269,867
S: Louis Southwestern_
_
Southern Railway___________ - 1,337,560
467.245
Texas & P a c ific .. -------------- .
81.667
Toledo St Louis & W estern. _ _ _
674.354
W abash_____
. -------------121.722
Western Maryland- - _ ----------148,900
Wheeling & Lake Erie------—
231.371
143,532
77.081
1.109,743
180,284
21.306
114.557
692,966
1 . 2 1 1 ,0 0 O
72.000
342.826
215.452
1.492,704
331,755
109,454
641,239
121 ,054
158,700
37,429
24,903
480
ButTalo Rochester & Pittsburgh
Canadian N orthern----------- _
Canadian Paciile. - - - - - - Coiorado & Southern (including
Ft W orth A Denver C ity )_
Denver & R io Grande
Duluth South Shore & Atlantic
Grand Trunk of Canada _. . _ _1
Grand Trunk Western .
Detroit Gr. Haven & Mllw
tda ^ \ intle
International & Great Northern
luteroccanlc of M exico..
Iowa Central__________________Louisville & Nashville . Mexican International. ----------Mineral R a n g e .------- ---------------Minneapolis & St Louis
------Missouri Kansas N Texas. _ _
Missouri P a d tic & Iron Mtn
Total (2S roads)....... ......... - - 11.875,544 11,173,646
Net increase (6 .3 0 % )---------------
%
6,459
_____ _
_____
94,457
24,000
7,597
54,415
135,490
33,115
>
10,056
— .
.
10,158
______
4,317
25,696
_ ____ _ _
1 9 ,6 6 6
155,144
_____ _
27,787
668
9 .800
963,856
701.898
261,958
For the third week of September our final statement
covers 43 roads and shows 13.14% increase in the aggregate
over the same week last year.
Increase.
Decrease.
$
10,090,406
Previously reported (37 roads)
76,017
Alabama Great S ou th ern .. .
32.878
Chicago Terminal Transfer _ _
177.874
Cln New Orleans & Texas Pac__
77.302
Detroit Toledo & Iron ton ____
43,508
Gulf & Ship Island____ —
19,077
Texas Central_____
—
S
$
8,909,189 1,218,889
60,914
15,103
33,675
13,746
164,128
81,340
10,290
33,218
3,007
16,070
$
37,672
------ 10,517,062
" "
9,298,534 1,261,035
1,218,5 28
42,507
Third week of September.
Total (43 roads) - - _ _
Net inerease (13.14*%.)
1906.
1905.
797
4.038
For the month of September the returns of 25 roads show
as follows:
Month erf September.
Gross earnings (25 roa ds)------
1906.
1905.
Increase. Per Cent.
S
$
$
35,955,364 32,482,110 3,473,254
$
1 0 .6 8
-------Gross Earn'gs---------------- Net Earnings------Previous
Current
Current
Previous
Year.
Year.
Year.
Year.
$
Roads.
$
5
$
318,540
219,248
_
Atlantic Coast Line_ a_ Aug 1,829,254 1,612,763
806,149
644,610
3,747,957 3,302,676
July 1 to Aug 31 .
72,894
73,810
Bangor & Aroostook., b _Aug
212,468
181,432
126,920
139,192
349,224
July 1 to Aug 31. _
426.493
Canadian P a cific.a _____ Aug 6.170,452 4,796,734 2,462,579 1,791,646
9,425,909 4,834,390 3,429,424
July 1 to Aug 3 1 _ ___ 12,138,420
185,066
175,090
827,820
949,512
Central of Georgia a ___ Aug
447,12G
370,390
July 1 to Aug 31 __
1,903,448 1,705,780
847,465
804,522
Chesapeake & O h io.b
Aug 2,201,092 1,967,281
1,480,053
4,129.002 3.742,894 1,567,001
July 1 to Aug 31 - ,
347,707
459,293
1,056,300
Chicago & Alton a
Aug 1,132.871
632,081
878,179
2.172,554 1.980,937
July 1 to Aug 31 _ _
227,766
271,912
828,389
Chicago Gt W estern . b_ _Aug
511,746
409,431
1.588,659 1 .346.933
July 1 to Aug 31 .
61 ,226
40,017
Colorado M idland.a
218,256
Aug
182,147
74,583
111,089
July 1 to Aug 31 _ _
346,666
414.400
291 ,740
335.973
Colorado 6c Southern a . Aug 1 .107,345
056,281
501.043
597.221
July 1 to Aug 3 1 ..
2,124,566 1,823,419
10,024
7.669
Cornwall a____ ________ Aug
15.016
19,403
16,634
July 1 to Aug 31__
37,490
19,067
34,380
713.060
750,441
Denver 6c Rio Grande, b Aug 1,805,605 1 ,690,261
July 1 to Aug 31 .
3.195.688 1,342,563 1 .269,212
3.502,311
4,300
10,180
Dul Rainy I-ake 6c Win. fa.Aug
11 ,532
30,150
8,006
20,687
July 1 to Aug 31
20,024
56.830
103.965
126,223
Duluth So Sh 4c A tlan_ b Aug
285,221
311,581
206,776
236,650
July 1 to Aug 31 .
602,095
554,719
53.440
Georgia R R . a
51.291
Aug
211,384
235,892
1 1 0,10 1
94,826
July 1 to Aug 31 418,334
454,441
35,635
42.170
Hud Riv Elect Pow Co . Aug
79,914
76,542
68,067
61,519
July 1 to Aug 31 _
130,835
152,078
Illinois Centra! a
Aug 4,486,251 4.015,835 1 .214,223 1 .181,048
July 1 to Aug 3 1 ..
8,828,307 7.764.834 2.373,621 2.088.165
1 28.209
Interoceanlc of Mex
Aug
535,428
512.504
126,453
984.693
Jan 1 to Aug 3 1 ..
4.615.679 4,255,306 1 .347.243
196,061
208.386
60,374
53.592
Kanawha 6c Michigan . a Aug
98.802
398.166
100,502
July 1 to Aug 31. _
365.480
31 ,720
31 .535
Keystone Telepb Co a Aug
71 ,921
65,976
129.876
61 .168
63.632
143.689
‘ July 1 to Aug 31 __
Interest Charges and Surplus.
— Tnt.f Rentals, &c.— — Bal. of Net E 'n g<.—
Current
Current
Previous
Previous
Year.
Year.
Year.
Year.
Roads.
$
$
$
$
Bangor & A roostook ____ Aug
62,479
48,332
11,331
24,562
126,660
97,270
12.532
July 1 to Aug 31 -_
29,650
Denver & Rio Grande__ Aug.
349,459
344,017
£1401,807
£(390,973
July 1 to Aug 31692,974
d699.222
681,236
£(656,650
Duluth So Sh & Atlantic. Aug
87,641
86,641
£39,311
£18,056
July 1 to Aug 31 _____
175,282
173,282
£62 ,842
£34,967
Georgia R R ..................... Aug
a51.983
051,415
£499
£3,309
July 1 to Aug 31 __
a 103,966
0102,831 £ d el.7 ,942
£10,827
Kanawha 6c Michigan
Aug
23,957
20,133
£30,140
£40.929
July 1 to Aug 31 _ 43,203
40,468
£58.320
£59,031
Mineral Range_________ Aug
9,946
9,446
£11,710
£def.07
July 1 to Aug 31. _
19,892
£20,178
18,892
x 2 ,603
Nashv Chatt & St Louis. Aug
149,778
53,754
47,035
149.469
July 1 to Aug 31 _
106,211
298,938
299,556
121,737
N Y New Hav & Hartford—
Apr 1 to June 30______ 2.983,401
2.268.298 £1,365,028 £3,912,877
Jari 1 to June 30. _ ___ 5,404,473 4.449,654 £2,163,707 £3,495,053
July 1 to June 30 . _ _ 10,079,114 8,604,325 £6,858,378 £6.708,051
Norfolk & W estern. _ Aug
595.457
367,429
336,206
580,240
July 1 to Aug 3 1 ..
729,636
672,413 1,10 1,009 1,030,653
£>10,016
Pocahontas Collieries__ Aug
3.137
£>10,144
0,183
July 1 to Aug 31 . .
4 ,700
16,000
£32,341
e31 ,730
12,526
Rio Grande S ou th ern .. Aug
17,733
17,739
£3.592
July 1 to Aug 31 _
£ 1 1,269
£11,743
36,049
36,043
X115,700
Toledo & Ohio Central . Aug
33.745
2:37,569 £174,205
July 1 to Aug 31 ..
72.003
2:75,004 £286,27 1 £103.223
X110.314
Wisconsin Central _____ Aug
148,347
.7*128.087
150,849
£213.810
£180 .035
209,790
July 1 to Aug 31 _ _
305,169
a Includes road rental (paid by lessee) and other deductions.
c Charges here Include sinking fund and preferred stock dividend,
d These figures are after allowing for other Income and for discount and
exchange. The sum of $10,000 is deducted every month from surplus
and placed to the credit o f the Renewal Fund.
x After allowing for other Income received.
810
THE
C H R O N IC L E
BEET R A IL W AY S AND TRACTION COMPANIES.
Name of
Road.
B in g h a m to n R y ____
B irin R y L t & P ow e:
B o s to n & W o r c e s te r .
C en t P e n n T r a c t i o n . .
C hari C on R y G a s & E
C h a tta n o o g a R y s Co.
C h ica g o & M ilw E le c.
d C h ic & O ak P a r k -.
C itize n s’ R y & L t C o.
C lev e P a in e sv & E . _ .
C lev e & S W T r C o ___
C o lu m b u s R R C o ____
G as L ig h t C o __
D a lla s E le c C o r p ’ n
D e tr o it
D u lu th
E a st S t
E l P aso
U n ite d R y _ _ .
S tree t R y _
L ou is & S u b.
E le c t r ic _____
Latest Gross Earnings.
Week or
Month.
Current
Year.
Previous
Year.
A u g u s t ___
J u ly _
A u g u st ___
A u g u st
A u g u s t ___
J u ly _
A ugu st
J u lv ____
J u l y ___
A u g u s t ___
A u g u s t ___
A u g u s t ___
A u g u s t ___
A u g u s t ___
J u ly _
A u g u s t ___
A u g u s t ___
J u ly . _
J u ly _
J u ly ______
3d w k S ep t
3d w k S ept
4 th wkSSept
A u g u s t ___
h fly - - - -
$
27 4 ,0 0 5
135 ,797
31,841
16 0 ,3 6 2
67 ,1 3 6
15,477
11,191
19^881
24,074
65,205
5 6 ,2 9 0
51 ,7 2 5
107,089
66,259
13,069
31',707
64,850
17,055
1,965
83 ,5 9 8
6,9 8 6
112,248
19,913
17 6 ,3 7 6
31 ,0 0 2
8
2 4 5 ,4 7 5
1 22,335
30,767
131 ,605
63,324
14,648
11,129
21 ,4 8 3
57,431
51 ,5 8 5
39,399
67 ,8 3 8
65,971
10,276
2 9 ,5 5 4
5 5 ,5 4 0
16 ,0 2 4
1,741
81,051
1 0 0 ,1 3 6
17,047
14 7 ,2 3 9
2 3 ,6 5 7
Jan. 1 to latest date.
Current
Year.
%
, Previous
Year.
$
1 ,7 9 9 ,6 8 9
1 ,6 2 0 ,9 0 2
2 0 2 ,7 1 5
185,881
3 4 8 ,2 9 9
3 1 3 ,9 8 3
4 4 9 ,0 1 4
4 3 2 ,8 1 0
3 2 2 ,2 8 3
53 6 ,3 8 7
5 5 2 ,4 2 5
3 8 3 ,1 6 7
39 7 ,6 7 4
2 7 0 ,9 8 9
34 7 ,0 7 4
53 4 .3 9 7
178,225
4 1 8 ,2 6 3
— In i., R en ta ls, <fcc.— — B a l. o f N et E n gs.—
C u rren t
Y ea r.
R oad s.
$
B in g h a m to n R y C o__ - - A u g
7 ,7 0 7
J u ly 1 to A u g 31
15,432
H o n o lu lu R a p T r & L C o A u g
4 ,7 9 5
J a n 1 to A u g 3 1 . .......
38 ,5 6 8
L a k e Sh E le ct R y ____ - - A u g
20 ,4 5 0
Jan 1 t o A u g 31
163,302
S y r a c u s e R a p T r a n . . _ _A u g
23,892
Jan
1 t o A u g 31
183,043
J u ly 1 t o A u g 31
4 7 ,2 6 9
P rev io u s
Y ea r.
$
7 ,0 3 5
14,316
4 ,8 1 0
3 8 ,2 6 0
2 0 ,4 0 4
163,232
20,351
163,092
4 0 ,7 7 2
C u rren t
Year.
$
9 ,5 5 6
20,635
£ 7 ,6 5 9
£ 5 9 ,0 9 8
3 4 ,9 0 8
93 ,3 5 0
15,412
119,587
3 4 ,8 2 0
P reviou s
Y ea r.
$
10,856
2 1 .5 8 4
£4 ,4 5 9
£ 4 1 .3 5 3
32,041
6 4 ,5 7 3
14 ,8 9 7
9 8 ,6 4 6
32,981
x A ft e r a llo w in g fo r o th e r in c o m e re c e iv e d .
ANNUAL REPORTS.
Atchison Topeka & Santa Fe Railway.
30 1906.)
The remarks of President Ripley are printed in full on
pages 832 to 836, and in addition the principal tables from
the pamphlet are also given. Below is a comparative state
ment for four years prepared for the “ Chronicle.”
(R ep o rt fo r F is c a l Y e a r en d in g J u n e
£ 2 0 4 ,5 3 8
4 ,1 7 4 ,1 4 4
56 9 ,9 6 9
1 ,1 4 6 ,6 1 2
21 1 ,8 2 4
3 ,6 6 9 ,7 5 7
4 8 9 ,3 1 8
9 9 2 ,6 2 3
160,850
R y . , a c q u ire d J a n . 1 1 9 0 6 . b T o t a l is fr o m M a rch 1.
c T h e s e figures are
fo r c o n s o lid a t e d c o m p a n y ,
d T h e s e are resu lts fo r m a in lin e , f D e cre a se
in 1905 d u e t o s trik e a n d b o y c o t t ,
h T h e s e a re e a r ly p r e lim in a r y retu rn s;
d e cre a se d u e t o e a r th q u a k e a n d fire, £ D e cre a se d u e t o L ew is & C lark
E x p o s itio n la st y e a r
y F ig u re s fo r b o th y ea rs n o w in A m e r ic a n c u r r e n c y
Street Railway Net Earnings.— The following table gives
the returns of STREET railway gross and net earnings;
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 29 1906. The
next will appear in the issue of Oct. 27 1906.
N e t E arn in gsC urren t
P rev io u s
Y ea r.
Y ea r.
$
$
17,263
17,891
99 ,3 2 8
9 2 ,4 1 6
36 ,0 6 7
35 ,9 0 0
1 7 6 ,3 7 6
E a st S t L & S u b u r b a n . _ A u g
J an 1 t o A u g 31______ 1 ,1 4 6 ,6 1 2
147,239
9 9 2 ,6 2 3
8 3 ,7 8 4
5 6 1 ,8 2 3
81 ,3 1 8
5 5 3 ,9 1 3
F t W & W ab V al Tr C o. Aug
J an 1 t o A u g 31______
1 10,221
7 1 4 ,3 6 7
9 4 ,8 3 5
61 4 ,8 4 9
4 2 ,5 7 2
2 6 7 ,1 5 5
3 7 .8 0 8
2 3 0 ,9 9 7
H o n o lu lu R a p T r C o _ b _ _ A u g
J an 1 t o A u g 31 _*______
28,681
2 2 7 ,4S8
2 5 ,8 2 3
2 1 1 ,6 6 8
11 ,9 3 4
9 3 ,6 8 7
8,8 8 9
7 6 ,4 4 4
L a k e S h E le c t R y . a ------ A u g
J a n 1 t o A u g 3 1 .--------
1 0 2 ,4 6 8
5 7 5 ,7 8 1
9 5 ,1 9 0
5 0 9 ,4 6 8
D o,3 o 8
2 5 6 ,6 5 2
5 2 ,4 4 5
22 7 ,8 0 5
L o r a in S t R y C o ------------ A u g
J a n 1 t o A u g 31______
13 ,2 7 1
9 5 ,0 1 8
11 ,6 5 8
S I ,869
5,101
28,341
3 ,6 1 4
24 ,3 0 8
M an ila E le c R y & L ig h t—
R a ilw a y D e p a r tm e n t .S e p t
J an 1 t o S e p t 30----------
37 ,5 0 0
3 8 6 ,0 0 0
14,100
185,350
L ig h tin g D e p a r t m e n t .S e p t
J a n 1 t o S e p t 30----------
34 ,0 0 0
2 7 0 ,7 5 0
14,500
134,300
N o r fo lk & P ’ ts m ’ tli T r C o A u g
J an 1 t o A u g 31______
13 7 ,3 2 6
97 1 ,2 5 1
1 2 9 ,3 5 6
8 8 6 ,3 1 3
51,401
361,035
50 ,6 8 8
3 4 3 ,29S
S y ra cu s e R a p T r C o .b _ .A u g
J an
1 t o A u g 31---------J u ly 1 t o A u g 31______
92,401
7 0 2 ,9 4 8
1 S 5 ,832
7 9 ,9 3 2
616,491
162,481
3 9 ,3 0 4
3 0 2 .6 3 0
82 ,0 8 9
3 5 ,2 4 8
26 1 ,7 3 8
7 3 ,7 5 3
a N et earnings h ere g iv e n are a fte r d e d u c tin 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 tin g ta x e s .
Interest Charges and Surplus.
1 5 9 ,6 2 4
3 4 7 ,7 3 8
Valley Traction
9 4 ,8 3 5
7 1 4 ,3 6 7
6 1 4 ,8 4 9
A u g u s t ___ 110.221
33,441
172,902
Galveston Electric
2 7 ,6 6 4
148,833
J u ly - Georgia R y & E lec. _ J u l y ______ 2 3 7 ,1 0 0 2 0 2 ,9 9 4
136,791
107,477
Hartf & Spring St R y S e p te m b e r
21 ,1 9 9
14,038
Havana Electric Ry_ W k S e p t 30 2/23,529 2/25,785 V1 ,1 3 7 ,3 0 6 V 1 ,0 5 8 ,8 1 8
Honolulu Rapid Tr &
28,681
2 5 ,8 2 3
2 2 7 ,4 8 8
2 1 1 ,6 6 8
Land C o _________ A u g u s t
Houghton Co St R y . _ J u l y --------22,901
2 1 ,3 9 0
122,989
f 7 7 ,349
Houston Electric C o. J u l y ------5 1 ,1 6 5
4 7 ,9 0 3
3 2 5 ,3 4 5
2 8 1 ,0 9 8
Illinois Traction Co_ _ A u g u s t ___ 2 7 0 ,8 6 9 2 1 7 ,9 3 4 1 ,8 9 6 ,4 6 4 1 ,5 3 5 ,6 6 5
2 1 ,3 1 4
Indianap Col & S o ___ A u g u s t ___
2 5 ,3 3 0
152,817
131,931
Jackson Consol Trac_ A u g u s t . . .
16 ,2 5 0
14 ,3 6 5
83,861
9 9 ,5 1 0
2 7 ,5 2 4
Jacksonville Elec C o. J u ly ______
2 3 ,1 1 9
17 9 ,6 2 5
1 8 4 ,7 3 3
Kan City R y & Light A u g u s t ___ 4 69,921 4 3 3 ,6 7 2 3 ,5 1 0 .7 1 8 3 ,1 0 7 ,5 7 8
9 5 ,1 9 0
Lake Shore Elec Ry_ A u g u s t ___ 10 2 ,4 6 8
57 5 ,7 8 1
5 0 9 ,4 6 8
Lehigh Valley Transit M a y ____
7 6 ,4 0 3
6 9 ,4 0 3
4 7 3 ,6 3 2
13,271
9 5 ,0 1 8
Lorain Street R y ____ A u g u s t ___
11 ,6 5 8
8 1 ,8 6 9
Madison & Int Trac__ J u l y --------12 ,2 3 9
11 ,7 1 5
63,974
71 ,2 5 0
Manila Elec R y & Ltg
3 7 ,5 0 0
Corp— R y D ept___ S e p te m b e r
38 6 ,0 0 0
Lighting D e p t ____ S e p te m b e r
34 ,0 0 0
2 7 0 ,7 5 0
1 90,462 1 8 6 ,6 4 0 1,801 ’ 769 1 ,6 5 4 ,4 5 1
Met W est Side Elev_ _ .Septem ber
,
Milw Elec R y & Lt Co A u g u s t ___ 31 9 ,0 3 4 2 7 7 ,0 1 5 2 ,2 7 2 ,9 9 6 2 ,0 9 4 ,9 1 6
Milw Lt Ht & Tr C o. _ A u g u s t ___
7 9 ,9 7 0
6 9 ,7 2 4
4 5 4 ,4 0 4
3 9 7 ,2 0 7
Montreal Street Ry__ W k S e p t 29
57,631
50,965 2 ,3 7 1 ,1 9 6
94 ,8 2 8
Nashville R y & L t ___ J u l y ______ 11 2 ,3 6 8
76 3 ,0 4 8
64 3 ,7 6 3
4 7 ,0 3 5
39 ,5 7 1
N J & H R R y &FyCo A u g u s t ___
2 8 6 ,5 6 9
2 2 9 ,9 9 9
N O R y & Light Co__ A u g u s t ___ 4 3 3 ,4 5 7 35 8 ,3 7 5 3 ,7 7 6 ,3 7 7
Niagara St C & Tor__ A u g u s t ___
4 1 ,1 5 0
3 7 ,9 8 8
16 1 ,8 6 4
1 7 3 ,9 6 3
INor Ohio Tr & Lt Co_ A u g u s t ___ 1 09,492 10 2 ,7 1 8
6 7 5 ,0 0 2
6 2 8 ,2 4 5
Norf & Portsm Tr Co A u g u s t ___ 13 7 ,3 2 6 1 29,356
9 71,251
8 8 6 ,3 1 3
5 9 ,8 7 4
Northern Texas Tr Co J u lv
8 1 ,7 5 8
Nort.hwestern Elev _ _ S e p te m b e r
116 ^262 11 1 ,4 6 0 1 ,0 9 1 ,4 7 0 1 ,0 2 6 ,3 7 9
Oklahoma City R y _ . J u ly ______
18 ,5 0 0
14 ,0 9 3
94,841
Orange Co T raction . _ J u n e ___
13.030
12.102
5 1 ,1 1 8
5 6 ,9 2 8
Peekskill Lt & R R ___ A u g u s t ___
14,831
12 ,1 5 7
95 ,2 6 5
8 0 ,9 6 8
2 6 ,3 2 4
Pitts M ’ K & Green. _ A u g u s t ___
2 3 ,1 6 0
14 9 ,4 2 2
1 2 3 ,4S8
Portland Rys Co____ J u ly _ _ £ 1 5 5 ,6 9 2 217,551
£ 9 3 9 ,4 8 5
96 3 ,0 5 6
St Joseph (Mo) R y Lt
Heat & Power C o. _ A u g u s t ___
7 5 ,6 3 4
7 1 ,5 5 5
5 4 3 ,3 9 8
485.7S 8
Savannah Electric Co J u l y ______
56,411
60 ,5 2 8
3 6 4 ,5 3 6
3 3 1 .8 7 4
South Side Elevated. S e p te m b e r
1 3 4 ,6 2 3 13 3 ,5 3 3 1 ,2 8 7 ,1 6 4 1 ,2 1 2 ,4 2 5
92,401
7 9 ,9 3 2
Syracuse Rap Tr R y . A u g u s t ___
7 0 2 ,9 4 8
6 16,491
37 ,5 1 0
Tam pa Electric Co__ J u ly _ _
33 ,1 2 3
2 6 2 ,0 3 6
23 2 ,6 2 0
Terre Haute T & L Co J u ly __ __
7 6 ,1 1 0
55,991
4 3 7 ,0 6 7
3 4 2 ,8 6 3
T oledo R ys & L ight. A u g u s t ___ 1 85,364 17 6 ,3 5 0 1 ,3 2 8 ,8 3 5 1 ,2 4 4 .1 3 8
Tol Urb & Inter Ry_ _ A u g u s t ___
32 ,1 1 7
2 8 ,6 9 3
2 2 4 ,9 1 4
195,371
T oledo & W estern_ J u l y ___ __
_
21,071
2 3 ,4 1 4
1 34,626
12 9 ,1 6 7
58,765
52 ,6 3 0
Toronto R ailw ay____ W k S e p t 29
14 3 ,0 5 7 11 6 ,5 4 5
Tri-City R y & Lt C o. A u g u st _
9 4 ,1 6 0 4 ,0 7 5 ,0 6 5 3 ,3 6 1 ,2 9 4
Twin City Rapid Tran 3d w k S e p t 10 5 ,3 4 7
United R R o f S F ---- J u ly _ _ _ _ £ 5 0 4 ,0 2 3 5 7 6 ,8 6 3
United Rys of St L__ A u g u s t ___ 7 9 6 ,5 6 1 7 5 1 ,8 1 0 5 ,9 9 1 ,0 4 9 5 ,5 2 4 ,7 5 9
21,207
2 5 ,6 5 6
W ash Alex & Mt V er. A u g u s t ___
1 84,597
1 6 2 ,7 9 4
W hatcom Co R y & Lt
C o ________________ J u ly -------23 ,26 9
18 ,3 5 6
a F ig u res fo r th e m o n th in b o t h y ea rs in c lu d e o p e r a tio n s o f th e S cra n to n
-Gross E arn 'gsC urren t
P r e v io u s
Y ea r.
Y ea r.
R oad s.
$
%
B in g h a m to n R y C o ___
31 ,8 4 1
Aug
30 ,7 6 7
20 2 ,7 1 5
Jan 1 t o A u g 31______
185,881
J u ly 1 t o A u g 31______
64 ,3 0 9
62 ,3 7 8
[ V O L . L X X X 1 II,
O P E R A T IO N S , E A R N IN G S , E T C .
1 9 05-06.
1903-04.
1 9 0 4 -0 5 .
1 9 0 2 -0 3 .
8 ,4 3 4
A v e r , m ilea g e o p e r a t e d .
8 ,3 0 5
8 ,1 8 0
7 ,9 0 5
E q u ip m en t h—
1,454
____
L o c o m o tiv e s ..
1,633
1,433
1,309
995
861
P a ssen g er cars
881
801
4 4 ,2 0 4
3 9 ,1 7 2
3 9 ,0 7 2
F re ig h t c a r s ____
36 ,4 6 2
___
1,201
139
1.327
M iscella n eou s c a r s _____
148
O p era tion s—
8 ,8 7 5 ,3 8 7
8 ,2 8 8 ,9 5 5
7 ,6 2 2 ,0 1 2
7 .0 5 0 ,1 6 4
P a ssen gers ca rried
P a ssen gers ca rried 1 m ile 8 4 4 ,3 60,845 7 4 3 ,5 0 0 ,4 1 2 7 0 8 ,1 2 0 ,4 0 4 6 1 3 ,1 6 6 ,3 5 5
2 .1 9 6 cts.
R a te p er pass, per m ile .
2 133 Cts.
2 .1 5 8 Cts.
2 .1 8 0 Cts.
1 2 ,8 9 4 ,3 4 7
1 3 ,1 9 5 ,5 9 7
F re ig h t (ton s) c a r r ie d - . 1 4 ,7 8 8 ,5 0 6
1 2 ,9 8 0 .0 9 3
oA ,7 30,090
rA .682,269
aA .705 ,540
F r e ig h t (tons) ca rried 1 m 05,841 ,420
0 .9 3 5 cts.
1.002 cts.
R a te p er to n p er m ile ___
1.020 cts.
0 .9 4 8 Cts.
27 9 .6 7
30 7 .3 7
28 1 .8 5
269.81
A v e r .r e v .tr a in lo a d (tons)
81.12
E a rn , p er pass, tra in m .
, 8 1 .1 6
81.15
8 1 .0 3
$2.87
82.82
82.75
8 2 .6 5
E a rn , p er freig h t tra in m .
$ 8 ,5 3 8
88 ,3 3 4
8 7 ,8 2 8
88.233
G ross earnings p er m ile .
8
E a r n in g s—
8
8
$
4 7 ,4 0 8 ,9 8 2
5 4 ,5 9 8 903
4 7 ,7 6 2 ,6 5 3
F reig h t..
4 4 ,6 2 2 ,4 3 9
1 5 ,4 3 3 ,7 7 4
1 8 ,0 1 3 ,9 8 9
1 3 .4 6 9 ,9 8 6
P a ssen g er
1 6 ,0 4 5 ,3 8 0
4 ,9 2 1 ,4 7 5
4 ,9 7 4 ,7 7 3
4 .2 5 7 ,9 7 3
M a il, exp ress an d m i s c . _ 5 ,4 3 1 ,4 5 5
7 8 ,0 4 4 ,3 4 7
6 8 ,3 7 5 ,8 3 7
6 8 ,1 7 1 ,2 0 0
6 2 ,3 5 0 ,3 9 8
1 2 ,4 7 5 ,4 0 8
1 0 ,7 2 0 ,0 4 0
2 3 ,3 7 0 ,5 7 2
1 ,9 3 1 ,4 9 8
1 1 ,3 8 5 ,4 1 8
1 0 ,9 1 4 ,8 6 4
2 1 ,3 6 2 ,8 6 0
1 ,8 5 4 ,2 4 2
9 ,1 7 0 ,2 3 4
1 0 ,0 0 6 ,1 3 5
2 1 ,2 9 5 ,9 6 0
1 ,749,703
9 .3 0 4 ,8 9 2
8 ,5 1 0 ,5 4 3
1 9 ,0 2 3 ,1 4 5
1 ,5 9 8 ,5 3 0
T ota l
.
. .
4 8 ,4 9 7 ,5 1 9
P e r c e n t o p .e x p .t o e a r n .
(62.14)
2 9 ,5 4 6 ,8 2 8
N e t ea rn in g s
4 5 ,5 1 7 ,3 8 4
(6 6 .5 7 )
2 2 ,8 5 8 ,4 5 3
4 2 ,2 2 2 ,0 3 2
(61.84)
2 5 .9 4 9 ,1 6 8
3 8 .4 3 7 .1 1 0
(61.65)
2 3 ,9 1 3 ,2S8
T o ta l
. .
__
E xpen ses—
M a in t. o f r o a d , & c _ .
M a in t. o f e q u ip m e n t ___
T r a n s p o r ta tio n . . .
G e n e ra l e x p e n se s___
a (000) o m itte d .
h A ls o J u n e 30 1906 2 ste a m fe r r y b o a t s , 1 r iv e r ste a m e r. 2 tu g s a n d 4 car
floa ts.
IN C O M E A C C O U N T .
1905 -0 6 .
1 9 0 4 -0 5 .
1 9 0 3 -0 4 .
1 9 0 2 -0 3 .
S
$
R e c e ip ts—
$
$
2 9 ,5 4 6 ,8 2 8
2 2 ,8 5 8 ,4 5 3
2 3 ,9 1 3 ,2 8 8
2 5 ,9 4 9 ,1 6 8
670,275
651 542
8 2 7 ,3 1 3
9 7 9 ,6 8 7
In c o m e fr o m in v e s t’ t s . 676,127
162,360
4 9 0 ,6 8 0
269 .087
I n t ., d isc, an d m is c ------T o t a l ________ _______ 3 0 ,8 9 3 ,2 3 0
D ed u ctN r
2 2 5 ,9 3 6
R e n t o f tr a c k s , & e--------2 .1 1 8 ,6 3 3
T a x e s ---------------------------In te re st o n b o n d s ----------- 1 0 ,6 2 2 ,1 8 4
5 ,7 0 8 ,6 9 0
D iv id e n d s on p r e f. (5 % )
4 ,0 7 8 .2 2 0
D iv id e n d s o n c o m . (4 % )
4 1 2 ,2 5 3
M is c e lla n e o u s ----------------4 ,5 0 0 ,0 0 0
I m p r o v ’ ts w r itte n o f f —
2 3 ,6 7 2 ,3 5 5
2 7 ,1 9 7 ,9 4 2
2 5 .2 3 1 ,2 8 1
2 9 3 ,5 5 3
1 ,9 2 6 .6 9 6
9 .6 1 1 ,5 1 0
5 ,7 0 8 .6 9 0
4 ,0 7 8 ,2 2 0
9S ,250
3 8 6 ,4 6 4
1 ,9 1 6 .1 3 7
9 .4 1 8 ,8 0 0
5 ,7 0 8 ,6 8 0
4 ,0 7 8 ,2 2 0
116,800
3 6 1 ,2 0 4
1 ,7 5 8 ,1 2 0
9 ,1 3 4 .4 8 5
5 ,7 0 8 ,6 9 0
4 ,0 7 8 .2 2 0
79 ,1 4 0
2 7 ,6 6 5 ,9 1 6
3 ,2 2 7 ,3 1 4
2 1 ,7 1 6 ,9 1 9
1 ,9 5 5 ,4 3 6
2 1 ,6 2 5 ,1 1 1
5,5724831
2 1 ,1 1 9 ,8 5 9
4 ,1 1 1 ,4 2 2
T o t a l____________ - •
B a la n ce , s u r p lu s .d ------
d See p ro fit a n d loss a c o u n t o n p a g e
835.
G E N E R A L B A L A N C E S H E E T J U N E 30.
1906.
1905.
1904.
A ss°ts—
$
6
$
R a ilr o a d , fra n ch ises, &c. in clu d in g
s to c k s , b o n d s , & c ------------------- 4 5 4 ,2 5 4 ,3 5 6
4 4 8 ,6 3 2 ,5 3 0 4 4 0 ,9 2 5 ,4 3 9
E x p e n d itu r e s fo r im p r o v e m e n t s ______
2 ,9 0 7 ,6 3 4
2 ,5 8 9 .3 8 5
4 ,2 5 3 .6 3 0
E x p e n d itu re s fo r e x te n s io n s ----2 4 ,2 7 0
1 7 1 ,S14
39 0 ,2 7 7
E x p e n d itu r e s fo r e q u ip m e n t----8 ,9 9 4 ,4 7 8
58,435
4 .4 6 1 ,3 0 4
In v e stm e n ts a n d n ew a c q u is i t io n s .__ 2 5 ,2 0 6 ,8 1 6
1 6 ,5 8 7 ,2 8 3
1 4 .0 6 5 ,9 7 2
C o m p a n y ’ s secu rities o n h a n d ----------2 ,5 8 4 ,6 2 6
2 ,5 8 4 ,3 2 6
2 ,5 8 4 ,4 2 6
O th e r secu rities on h a n d --------------------25 2 ,4 0 0
362 ,6 0 0
646.867
O th e r in v e stm e n ts ----------------------------5 ,3 9 4 ,7 8 8
3 ,3 1 7 ,3 0 7
3 ,8 4 0 ,7 6 2
M a teria ls an d su p p lie s ------------------------7 ,3 6 8 ,2 9 6
5 ,5 6 9 ,1 0 1
6 ,1 4 3 ,9 2 5
1 ,0 4 2 ,2 5 3
1 .3 0 1 ,8 1 5
T r a ffic b a l a n c e s ----------------------------------1 ,1 9 9 ,9 9 5
3 3 9 ,9 3 2
A g e n ts a n d c o n d u c t o r s ------------------------551 ,8 2 8
350 ,0 6 7
5 2 1 ,6 1 4
U n ite d S ta tes G o v e r n m e n t----------------524,159
676,980
4 4 ,3 8 7
In su ra n ce p r e p a i d ------------------------------88 ,8 5 5
43.S 90
M iscella n eou s a c c o u n t s ----------------------3 ,5 4 3 ,8 2 8
2 ,4 8 5 ,3 5 3
3 .3 1 5 ,6 4 9
9 ,5 8 0 ,0 8 4
6 ,3 6 2 ,9 0 6
C ash o n h a n d an d in b a n k ------------------- 1 7 ,3 2 1 ,7 5 0
412 .6 7 1
Cash d e p o sit fo r fu el reserv e fu n d ------38 4 ,6 2 2
579,103
T o ta l a s s e t s ,---------------------—
5 3 0 ,6 0 2 ,7 0 0 4 9 6 ,1 2 8 ,4 4 0 4 8 8 ,1 1 3 ,6 6 3
Liabilities—
C o m m o n s t o c k ------------------------------ -------- 1 0 2 ,0 0 0 ,0 0 0
P re fe rre d s to c k o u ts ta n d in g ---------------1 1 4 ,1 9 9 ,5 3 0
Funded debt (see“ R y. & Ind.” sec.) .275,484,800
R o llin g s to c k re p la ce m e n t fu n d
R a il ren ew a l f u n d ----------------B rid g e ren ew a l fu n d -------------T ie re n e w a l f u n d ------------------F u e l re se rv e fu n d -----------------A c c r u e d ta x e s n o t d u e ---------In te re st a cc r u e d n ot y e t d u e.
C o u p o n s n o t p r e s e n te d ---------P a y - r o l l s ------D iv id e n d N o . 16 on p r e fe r r e d ------------A u d ite d v o u c h e r s ------ -------------------------T r a ffic b a la n c e s ------------------------------------
2 4 ,3 5 8
9 9 4 ,7 4 6
1 4 5 ,S99
4 0 8 ,3 1 8
384.622
8 5 0 ,0 8 4
3 ,5 9 6 .0 1 5
307,443
2 ,6 6 2 ,8 2 3
2 .8 5 4 ,3 4 5
3 ,2 8 6 ,2 2 8
1 ,1 7 1 ,8 5 3
P r io r a c c o u n ts in liq u id a tio n . - - - - - - P ro fit an d lo ss a c c o u n t (s u r p lu s )---------
5 0 ,0 0 0
1 9 ,9 8 5 ,4 8 3
Miscellaneous accounts payable-------
T o ta l lia b ilitie s -------V .8 3 , p . 6 2 1 , 562
2,196.153
1 0 2 , 000,000 1 0 2 .000,000
1 1 4 ,1 9 9 ,5 3 0 1 1 4 ,1 9 9 ,5 3 0
2 4 6 ,2 2 6 ,3 0 0 2 3 9 ,4 3 2 ,0 5 0
2 6 ,7 5 4
4 9 1 ,S41
171,656
54 6 .6 7 6
7 2 .SCO
4 8 .2 0 3
14 4 ,4 7 8
57 9 ,1 0 3
412,671
7 7 1 ,9 0 0
79 2 ,0 0 3
3 ,5 8 0 ,6 9 8
3 .6 2 2 ,4 0 5
20 4 ,0 8 0
4 3 6 ,9 9 6
2 ,5 6 0 ,1 2 2
2 ,3 0 2 ,106
2 ,7 6 1 ,4 9 1
898,851
1 ,5 6 7 ,8 9 3
50,000
1 9 ,7 3 9 ,4 9 2
3 ,1 4 8 ,5 7 9
1 ,1 4 3 ,1 6 8
70 7 .5 1 2
215 .2 0 0
1 9 ,1 8 7 .0 0 3
5 3 0 ,6 0 2 ,7 0 0 4 9 6 ,1 2 8 ,4 4 0 4 8 8 ,1 1 3 ,6 6 3
O c t . 6 1906.J
THE
Louisville & Nashville Railroad.
( R e p o r t f o r th e F i s c a l Y e a r e n d e d J u n e 30 1906.)
rho annual report of the Board of Directors (Mr. H. Wal
lers. Chairman, and Mr. M. H. Smith, President), will be
found in full on pages 823 and S32 of the “ Chronicle,” with
the most important tables.
The statistics for four years have been fully compiled for
the “ Chronicle” as below:
ROAD A X D O PERATION S.
1904-05.
1905-06.
1903-04.
3,826
3,618
Average miles operated4,131
Equipment—
705
676
L ocom otives----------------743
515
501
Passenger cars--------------535
33,241 . •g g30,905
Frelglit, & c ., cars--------36,633
1,149
779
Roadway cars, ______________ 1,289
O p e ra tio n s —
Ittlttl
1902-03.
3,439
605
471
28,118
705
■
*
9 .5IS ,705
8,647,469
Passengers carried— - 10.666.500
7,683,650
Passengers carried 1 m ile362,745,093 370,084,220 314,681,892 292.288,632
2.28 ets.
2.38 ets.
Rate per pass, per m ile2.43 ets.
2.37 ets.
Freight (tons) carried < 24.553.832 21,041,000 21,429,278 20.677,856
z_
Freight (tons) ear’ d l m .3925707333 3505899658 3460354603 3413321406
0.791 ets.
0.790 ets.
0.779 ets.
Rate per ton per m ile- - 0.803 vis.
229
-2 3 4
231
\v. train-load (rev.)tonsQlgJ
230
■
Earnings per revenuej$ 3i j
X $1.2515
Opassenger train mile.
§1.231 SSI $1,314
$1.2429
Earnings . per r e v e n u e s •
• $1,812
S1.S50
$1,802
freight train m ile____• $1,852
j .
$10,210
Gross earnings per m ile- /. $10,412 • • $10,066
$10,308
' Not including com pany’s freight.
E A R N IN G S A X D E X P E N S E S .
1905-06.
1904-05.
1903-04.
Earnings from—
$
$
$
Freight___ _____________ 31,536,207 27,732,625 27,348,817
8.985,216
8,619,650
7,643,686
Passengers . ___ .
806,715
907 .339
890.520
M a ll___________________
858,772
S14,008
£958,386
Express - -------------------415,504
621.849
330,568
Miscellaneous .
.
Total gross earnings. _ 43,008,996
Operating Expenses—
15,639,420
Transportation _ _ .
Maintenance of w ay, &c. 6,537,697
Maintenance of equipm ’t 7,791.863
964,483
G eneral".______
— -
81 i
C H R O N IC L E .
1902-03.
$
26,578,621
7,044,087
791,991
703,596
331,084
3S,517,071
36,943,793
35,449,378
13.509,780
5,702,533
6,346,098
931,610
13,004,535
5,701,442
5,599,028
836,544
12,449,169
5,344,161
5,320,072
857,410
Op. exp., excl. taxes. 30,933,464 26,490,021 25,141,548 23.970,812
(6S.77)
(68.05)
(68.77)
(67.62)
P. c. op. exp. to earnings
Net earn in gs..
. 12,075,533 12,027,050 11,802,245 11,478,565
IN CO M E ACCO UNT.
1903-04.
1904-05.
1905-06.
1902-03.
S
Re cel pis—
$
$
$
Net earnings _
12,075,533 12,027,050 11,802,245 11,478,565
Income from investments
1,635,154
s^rents^andimlscellane’ s 1,566,776
1,627,491
1,122,493
£*.
13,642,309 13,654,541 13,437,399 12,601,058
Total in co m e ..
* Disbursements—
1,141,515
844,474
985,365
921,700
Taxes
____ ______
5.601,934
5,358,042
5,347,297
4,845,033
Interest on bonds______
118,061
118,061
265,931
X . & D. R R . rent______
265,931
241 ,850
192,990
146,600
144,400
Sinking fund
S9,805
104,424
130,452
67,700
T o S. 6c X . A __________
200,267
86,149
42,590
Miscellaneous . ______
Dividends . .
. — (6)3,600,000 (6)3,600,000 (5)3,000,000 (5)3,000,000
9,749,228
9,390,010
Total disbursements. . 10,893,933 10,427,500
3,688,171
2,748,376
3,211,048
3,227,040
Balance, s u r p lu s ._____
G E X E R A L B A L A N C E SH E ET J U N E 30.
1904.
1903.
1906.
1905.
Si
- Assets—
$
$
$
Road, equipment, &c__ 160,354,363 152,451,526 133,472,240 123,355,252
1,079,566
1,279,226
Tim ber, quar. lands, &c. 1.102,734
1,018,521
7,371,460
7,800,269
5,314,336
Stocks owned ___
4,751,180
1,556,221
5,023,426
Bonds o w n e d __________ 3,529,557
3,755,708
Stks. & bds. in trusts,&c . 21,879,306 22,380,306 22,380,306 25,012,612
Bills and accounts rec. .in
3,564,334
2,830,473
div.<5c cos..agents,6cc. 4,467,154
3,767,926
4,311,065
3,245,759 • 2,492,509
Material, fuel. 6cc .
5,460,005
1,911,724
4,765,716
8,245,552
Cash___________________
601,038
4,728,816
Advances to subsid. cos. 3,613,508
3,283,553 11,090,882
2,638,665
3,786,399
improvem ents & better. 3,367,298
2,349,460
2,515,406
3,872,238
4,399,935
Miscellaneous and con t’t 3,771,849
Total assets__________ 220,542,517 202,568.06S 195,631,531 181,207,274
Liabilities—
S t o c k ____ _
______
60,000.000 60,000,000 60,000,000 60,000,000
Bonded debt (see “ R y.
6c In d .” section )_____ 129,153.500 114,346,500 113,342,500 104,287,321
1,954,577
2.011 ,060
2,026,511
Interest and rents______
2,146,249
1,563,582
1,535,826
1,845,384
1,840,692
D ivid en d s_____________
529,296
304,094
154,899
421,047
Traffic balances, &c____
3,613,741
2,919,432
4,349,212
Pay-rolls, vouchers, 6cc_ 4,190,163
39,304
24,015
319,707
458,541
Reserve funds
3,959,373
926,743
4,482,245
Taxes. m isc.& conting’ t. 4.197,586
$.292,740
18,130,046 14,899,106 11,684,426
Profit and loss. ___
Total liabilities_______220,542,517 202,568,068 195,631,531 181,207,274
— V. 83, p. 492, 432.
New York New Haven & Hartford Railroad.
(R ep o rt fo r F i s c a l Y e a r en d in g J u n e 30 1906.)
President Charles S. Mellen, Sept. 22 1906, says in sub
stance:
Improvements.— The six-track construction of the Harlem River &
Pori Chester R R . has been continued and a portion of the line will be
ready for service during the present fiscal year. The four-track Schcrzer
lift bridges at Westport and at Cos Cob have been put In service and the
one at Xaugatuck Junction will be com pleted during the present llscal
year.
The construction of the new Scherzer double-track lift bridge
over the Connecticut River at Lyme Is progressing satisfactorily— the piers
and abutments have been constructed to receive tw o additional tracks
when required. Extensive renewals of bridges have been made with a view
to permitting the operation of heavier locom otives, then iy. Increasing the
train loads. The main line between New York and Boston and between
New Haven and Springfield should be com pleted and ready for operation
during the coming year.
(Considerable work has been done, and Is still in progress, upon the
extension of second track, as fully set forth by Mr. Mellen, the total length
of second track on road owned, leased and operated being on June 30 1906
741.43 miles, an Increase of 39.68 miles during the year. — Ed.;
The work of providing additional tracks through the city of New Haven
was started late in the fall of 1905 and has been actively prosecuted. It
Is hoped that two of the four tracks can be put In service ’ ' for* the close
of this year. The construction of new locom otive shop at i'.< H lib*. Mass-,,
is under w ay and satisfactory progress Is being made.
Providence Terminal Co. — At Providence- t h e Provi-T
' Tr rnlnal Co,
constructing a double track connecting line about 2 mil' long from the
Union passenger station to Fast Providence. On completion about two
years hence this route will relieve the congestion on t i c route through
Pawtucket, permitting the operation of the electric
w4'*" between Fall
River and the Union passenger station In Providence, and < 1 g a through
*n
all-rail service between New York and Newport by way of Fall River
(Compare list of available bonds below, and see V. 62, p. 029.)
Grade Grossings.- -Grade crossings have been eliminated as follows;
Massachusetts, 2 1; Rhode Island, 6; Connecticut, 4; New York, i; total,
35.
Electrical Service from Stamford to Xcw York. In order to comply with
legislative enactment In the operation of the Grand Central Station and
approaches within the city limits of New York, your company Is arranging
to use the slngle-phase-alternatlng electric current system (for entering
New York C ity ), securing an overhead conductor and avoiding the difficul
ties of the third rail. Contract has been awarded for the electrical equip
ment of 21 miles between W oodlawu and Stamford. The overhead system
has been designed to serve the present four tracks and provision has been
made for two additional tracks between New Rochelle anti Port Chester.
The construction Is of the most substantial character. The power-house
Is located at Cos Cob and will contain three turbo-generator units of 3,000
k.-w. capacity each, single-phase rating. Provision has been made for
the addition of a fourth unit, in anticipation of an Increasing demand,
and also for the duplication of the present power-house on the same site.
The Wcstlnghouse Electric & Manufacturing Co. is building us 35 electric
locom otives which are designed to operate over tracks equipped for either
alternating current or direct current operation. The actual Initiation of
electric operation should take place before Dec. 31 1905.
Tw o tracks have been authorized between Larchmont and New Rochelle,
New York, to be used by the New Y ork & Stamford R y . Co. under con
tract with this com p an y , to enable a more efficient service to be given In
connection with the rapid transit service that will be established when the
six tracks between Harlem River and New Rochelle are completed.
Relief Line.— The construction of a double-track relief line between
Greenwich and Danbury, passing through Ridgefield, has been authorized.
The line will relieve the New York Division of a portion of its present heavy
freight business and at the same time reduce materially the distance
between New Y ork and the Berkshire Hills. W ith the construction of
two additional tracks between New Rochelle and Greenwich which is in
contem plation, the congestion which has embarrassed the operation of the
property so seriously should not again be manifest.
M erger.— The following leased lines have been merged effective upon the
dates named and their outstanding obligations have been assumed and are
included in this year's balance sheet: Danbury & Norwalk, Oct. 30 1905;
Providence & Springfield, Oct. 30 1905; W oonsocket & Pascoag, N ov. 3
1905; Rhode Island & Massachusetts (in Rhode Island). N ov. 3 1905;
New Haven & D erby, N ov. 3 1905; R ockville, N ov. 6 1905; Colchester,
Dec. 16 1905; Naugatuck, Jan. 31 1906.
As a result of these mergers such serious changes have been made in
the balance sheet that comparison with the previous year is necessarily
unsatisfactory and of no advantage.
Books E x a m in e d . — Price, Waterhouse & Co. have examined the books
and accounts of the com pany and of its subsidiary and controlled properties,
and all changes recommended by them have been adopted. The changes
have considerably reduced the net income. In this year’s expenses not
only are included all that has been actually expended for repairs and
maintenance of equipm ent, including the value of that retired from service
but an allowance has been made to cover general depreciation, estimated
but not manifest, and a sum has been charged sufficient to cover all probable
payments necessary to settle outstanding litigation and fire losses not vet
made good by replacement of the property destroyed. The changes are
undoubtedly conservative, but they make a comparison with previous
operations of little value.
Accident Fund.— An accident and casualty fund has been established to
which there is to be paid every six months 2 % of the gross earnings from
passenger business for the previous six months; out of said fund will be
paid all settlements for accidents to passengers and employees in passenger
service, including all legal expense other than of our legal department.
R ed u ction o f R a te s . — On Jan. 13 1906 the directors authorized a gradual
reduction of the local passenger fares to a maximum rate of two cents per
mile, figured in multiples of five. Commencing March 1 1906, with the
Berkshire Division, on the first of each month following there have been
put into effect tariffs upon this basis for different sections of the territory
served, until on N ov. 1 1906 our whole territory will have been covered".
The returns at hand show that the business has been so stimulated that
increased income, both gross and net, is assured as a result o f the policy.
Reductions in the rates upon coal from tidewater points were also made
with gratifying results and upon the completion of im proved facilities
already in progress, it is the intention to still further reduce these rates
when the com pany is able to handle efficiently the increased business
expected.
Based upon last year’s volume of business the reductions in fares, and in
the rates on tidewater coal (w ithout an increased business being stimulated
as an offset) w ould have cost the com pany $850,390 per annum. Present
indications are that this prospective loss will be more than overcom e.
D iv id en d s on S tock s Owned.— The stock interest acquired in other com
panies has returned to the treasury in dividends more than the cost of
carrying the same in interest charges in all cases but that o f the Central
New England R y. Co. The cost of the repairs, maintenance and re-con
struction of the Poughkeepsie Bridge have absorbed all the available net
income of that com pany, and this will probably continue for the next live
years.
New S tock and B o n d s . — The issued capital stock has been increased by
$3,357,100, and the indebtedness by the following issues of securities
aggregating $48,093,425: Convertible debenture certificates, issue of Jan. i
1906, 3 J % convertible into stock at 150, Jan. 1 1911 to Jan 1 191
4
(V. 81, p. 976), $15,000,425: debentures of 1955 (V. 80, o. 2458) . $ 1 5 ,0 0 0 . 6
000; debentures of 1950 (V. 82, p. 869), $15,000,000; * Harlem River &
Port Chester fours (1954) (V. 82, p. 869), $3,093,000. The retirement of
the floating debt, the result of the purchase of the control of the stock of
the New York Ontario & W estern R y ., referred to in the last annual
statement, the retirement o f the outstanding capital stock of the roads
merged and the purchase o f securities of subsidiary lines absorbed the
major portion of the proceeds of this increased capitalization.
Operating Expenses.— The more efficient operation has resulted In marked
reductions in operating expenses— the saving in the cost of freight car
service alone aggregating $661,061 In the face of a largely increased business.
Attention is called to the reduction.in the percentage of operating expenses
to gross income and it is confidently believed further important economies
are possible when the Improvements now approaching com pletion are
available.
C onsolidated R a ilw a y C o . — In co m e A cco u n t Y ea r en din g June 30 1906.
Gross earnings___________$5,409,438 ITaxes_____________________ $321,229
Oper. exp. (6 3 .9 1 % )-------- 3,456,988 Rentals of leased lines.
58,200
----------------1Interest on bonds and
Net earnings-----------------$1,952,450!
other liabilities_________ 1,110,794
Other incom e___________ _
64,073 1
-------------------------------1Total deduc.from in co m e .$1,496,223
Total net incom e........... .. $2,016,523 |Net incom e______________
$520,300
Owing to opposition In Massachusetts to the ownership by this com pany
of the securities of certain street railway companies In that Stair . asale
was made on June 25 1906 of all of such securities (except tho- of the
Worcester & W ebster and W ebster & Dudley Street Railway companies)
to a voluntary association known as the New England Investnu-nt X
Security Co. (V.
83. p. 492.)
Promissory notes were given for the
payment o f a sumequivalent to the cost price of such securities and the
Association Issued Its common and preferred shares to a banking hm « in
•
sufficient amount under contract of sale to pay said note:- as tt
•
disposed of. Hereafter the Interest of The Consolidated R a i i w Co.
will be limited to the securing of payment of the notes w hich v. r- given
for the securities sold and to limiting Its liability upon Its <mlor-* mmt
upon the preferred shares of the Association. An option of cad • mr»
»
upon said preferred shares was given In consideration of the Indorsement
of the same, and It Is believed the Association will within a r i « iM»* tlirn
>
develop sufficient financial strength to enable such call to be exercised
and such endorsement to be canceled.
New England Navigation Go.— Income Account Year ending Jvru 50 1900.
Gross earn, from oper
Operating expenses
Net earnings
Other income
Total net Income
$4 .917,19 1’ Taxes
3,710,854 ! Interest on bonds, debcu11 n i and other llabljlth $1,200,310 Depreeiatlon of steamers
19.302
and investments
$90,110
393,4 45
.51,225,6421Total dedue. from Income.
.............
I Net Income
$661.661
$563,981
172*100
812
THE
w T ills c o m p a n y p u rch a se d all th e p r o p e r ty o f th e O ld J C o lo n y J S te a m b o a t
*
C o . N o v . 13 1 9 0 5 .
C o n tra cts h a v e been e n te re d Into fo r th e c o n s tr u c tio n
o f th ree n ew fre ig h t stea m ers t o e q u ip a lin e b e tw e e n N ew Y o r k a n d
B o s to n , t o b e r e a d y fo r s e r v ic e in M a rch , A p ril a n d M a y , 1 9 0 7 , r e s p e c tiv e ly .
C o n tra cts h a v e been e n te re d in to fo r a n ew fr e ig h t ste a m e r fo r se r v ic e on
th e in sid e r o u te s , to be r e a d y fo r s e r v ic e In M ay 1907 a n d fo r th e r e -b u ild in g
o f th e " P l y m o u t h ,’ ' d a m a g e d b y fire.
T h e b u sin ess has b e e n la rg e r,
b o th g ross a n d n e t, th a n th a t o f th e c o m b in e d c o m p a n ie s , n o tw ith s ta n d in g
sev ere c o m p e t it io n t o P r o v id e n c e , F a il R iv e r a n d B r id g e p o r t.
T h e p ros
p e cts fo r b u sin e ss fo r th e en su in g y e a r are m o st s a tis fa c to r y .
M a rk eta b le S ecu r ities
J u n e 30 1906— T ota l 'par va lu e $ 1 6 ,6 4 2 ,2 0 6 ; book
v a lu e , $ 1 5 ,9 9 4 ,5 8 7 .
C o n s o lid a te d R a ilw a y C o. d e b e n tu re s: 3 % , 3 14%
an d 4 % , d u e J u ly 1 1930 .....
.
................................
$2 0 1 ,0 0 0
4 % d e b e n tu re s , d u e J a n . 1 1955 _
....... _ i ___________
1 ,3 9 3 ,0 0 0
4 % d e b e n tu re s , d u e A pril 1 1 9 5 5 . ................ ....... ..............
3 ,5 0 0 ,0 0 0
4 % d e b e n tu re s , d u e J a n . 1 1 9 5 6 ____________
8 ,5 6 6 ,0 0 0
N ew E n g la n d N a v ig a tio n C o. d e b e n tu r e s , 4 % , d u e Ja n . 1 1955
2 ,5 0 0 ,0 0 0
N ew Y o r k N ew H a v e n & H a r tfo r d R R . s t o c k . _________
..
9 1 ,2 0 0
P e n n sy lv a n ia R R . C o. s t o c k ________ _____
. . . . . . . . . . ...............
3 8 ,5 5 0
C en tra l N ew E n g la n d R y . Co. first m o r tg a g e b o n d s _________
19 0 ,0 0 0
P a w tu x e t V a lle y R R . C o. first M o r tg a g e b o n d s ...........................
160,000
C ity o f N o rth M u s k e g o n , M ic h ., w a te r b o n d s ... _ ............
. ,
2 ,4 5 6
C a p ita l O bligations A u th orized or C reated, A g gregatin g $ 2 3 ,9 6 9 ,2 7 5 .
(H e ld in T re a s u r y s u b je c t t o sale b u t n o t in c lu d e d in A ssets.)
C o n v e r tib le d e b e n tu r e s , 3 Y > % , d u e 19 5 6 , n o t
fu lly p a id u p _ _________________________________ $ 2 0 ,1 8 5 ,5 0 0
_
L ess p a id t h e r e o n ____ ______ ______ ___________ .
5 ,1 8 5 ,9 2 5
$ 1 4 ,9 9 9 ,5 7 5
C o n v e r tib le 3 14 % d e b e n tu re s , d u e 1 9 5 6 ___ _ ____ ____________
2 ,7 0 0
N a u g a tu ck R R . C o. 3 1 4 % d e b e n tu re s , d u e 1930, a ssu m e d
1 ,7 6 6 ,0 0 0
N a u g a tu ck H R . Co. first m o r tg a g e 4 % b o n d s , d u e 1 9 5 4 ____ _
4 ,0 0 0
B o s to n & N ew Y o r k A ir L in e R R . first m o r tg a g e 4 % b o n d s .
due 1955 (V . 8 1 , p . 14 9 2 , 1 2 4 1 )____________________________
3 ,1 9 7 ,0 0 0
P r o v id e n c e T e rm in a l C o. first m o r tg a g e 4 % b o n d s , d u e 1956
(V . 8 2 , p . 6 2 9 )____________ _________ ____ ____________________
4 ,0 0 0 ,0 0 0
im provem en ts and B etterm en ts, aggregating $ 8 ,5 6 4 ,4 1 7 .
N ew b rid g es— L y m e ($ 9 1 7 ,6 6 5 ), S tr a tfo r d ($ 3 0 9 ,5 1 5 ), Cos
fl&Gofo ($ 1 7 3 ,9 2 6 ), W e s tp o r t ($ 9 9 ,8 9 7 ),' su n d ry oth er
* p la ces ($ 1 0 8 ,2 1 9 )______ __ _____________________________ _ _ _
$ 1 ,6 0 9 ,2 2 1
N e w H a v e n cu t im p r o v e m e n t ________ _____
___ ________________
7 5 1 ,0 5 3
E le c tr ic a l e q u ip m e n t, 'N e w Y o r k D iv is io n ____ _ __________ ____
52 3 ,7 9 1
S e co n d tr a c k , N a u g a tu c k D iv is io n ___________________________
3 8 3 ,7 6 9
C ar sh op s a n d p o w e r -h o u s e s ...................... _ „. .. __________________
3 4 2 ,7 7 9
W a te r b u r y im p r o v e m e n t ______________________A_________________
2 3 1 ,3 2 5
N ew I ia v e n c o a lin g fa c ilit ie s ____________________________________
1 9 1 ,0 0 2
N e w p assen g er a n d fr e ig h t sta tio n s (B r id g e p o r t, & c . ) _______
1 59,205
I m p r o v e m e n ts a t H a r t fo r d a n d E a s t H a r t fo r d _______________
1 4 1 ,4 8 2
B r id g e p o r t y a r d a n d b u ild in g s ___________________________________
1 1 8 ,9 2 5
F o u r tr a c k in g , S h o re L in e D iv is io n _____________________________
6 1 ,5 9 3
E lim in a tio n o f g r a d e cr o s s in g s - _ - _______________________________
5 9 ,1 2 2
N ew sid in g s ($ 4 0 ,9 7 0 ) a n d s u n d r y im p r o v e m e n ts ($ 2 3 8 ,4 4 7 ).
2 7 9 ,4 1 7
N ew e q u ip m e n t (4 lo c o m o t iv e s , 82 c o a c h e s , 10 sle e p in g ca rs,
13 s m o k in g ca rs, 4 m a il ca rs, 3 ,0 5 9 b o x ca r s , 26 c o a l ca rs,
318 se rv ice c a r s , less e q u ip m e n t s o ld a n d d e s t r o y e d )____
3 ,7 1 1 ,7 3 1
T h ese e x p e n d itu re s h a v e b e e n m e t :— F r o m in c o m e fo r th e y e a r , $ 3 ,0 0 0 ,0 0 0
a n d from gen eral pi*ofit a n d loss a c c o u n t , $ 5 ,5 6 4 ,4 1 7 .
N o ch a rg e s h a v e
b e e n m a d e t o c o n s tr u c tio n a c c o u n t e x c e p t fo r re a l esta te a m o u n tin g to
§ 2 ,8 6 7 ,6 1 9 OS.
^Statistics.—'The statistics of operations, earnings, etc,,
were:
1 9 0 5 -0 6 .
1 9 0 4 -0 5 .
1 9 0 3 -0 4 .
190 2 -0 3 .
M iles o p e ra te d Ju n e 30_ _
2 ,0 5 7
2 ,0 8 8
2 ,0 3 1
2 ,0 3 7
E q u ip m en t _
L o c o m o t i v e s - 1, 135
1 ,1 8 6
1,0 5 5
983
P a ssen g er .cars___________
2 ,1 6 4
2 .0 9 0
2 ,0 5 0
1 ,9 2 2
F r e ig h t-c a r s ______________
1 9 ,2 6 4
16 ,8 6 2
1 7 ,1 2 8
13,768
O th e r c a r s - - - - - - _______
674
646
612
587
O p era tion s— R e v e n u e p a ssen g ers a n d fr e ig h t o n ly .
P assen g ers c a r r ie d ______ 6 9 ,2 1 9 ,1 4 7
6 3 ,3 2 3 ,4 7 5
6 3 ,1 3 0 ,4 5 9 6 3 ,7 1 4 ,1 9 9
P a ss, ca rried 1 m ile ____
1 2 55625792 11756 3 9 0 2 6 11357 0 2 3 2 8 1114 3 1 3 0 2 0
R a t e p e r p a ss, p e r m ile .
1.6 8 3 cts ,
1.7 0 2 cts.
1.7 2 5 ets.
1.7 2 9 c ts.
F re ig h t (ton s) c a r r ie d - . 2 0 ,2 5 9 ,2 9 6
1 8 ,3 2 1 ,3 2 7
1 7 ,5 6 0 ,4 8 5 1 8 ,2 8 8 .7 3 3
F reig h t (ton s) ca r ’ d 1 m _ 1 8 8 8 6 0 5 4 1 1 1 742915367 1 6 6 1 3 8 2 1 8 6 1 6 27858848
R a t e p e r to n p er m i l e ___
1.4 0 7 c ts .
1.4 0 8 c ts .
1.4 2 3 cts.
1 .4 1 4 cts.
P a ss, e a r n s /p e r rn. o f r ’ d
$ 1 2 ,2 4 6
$ 1 3 ,6 3 4
$ 1 1 ,5 8 0
$ 11,321
P a ss, earns, p e r tra in m _
$1.6 2
$ 1 .5 5
$ 1 .4 7
$1 .4 7
F r e ig h t earn . p . m . o f r ’ d
$ 1 3 ,2 1 3
$ 1 2 ,1 1 0
$ 1 2 ,0 1 7
§ 1 1 ,8 0 2
F r e ig h t earn , p er tr. m ile
$ 3 .4 0
$ 3 .2 4
$ 3 .0 6
$ 3 .2 0
A v . N o . pass, in train_ _
81
76
71
71
A v . N o . to n s in tr a in . 236
222
208
218
a A ls o ow n s 3 s te a m e rs, 1 fe r r y b o a t , 19 tu g s , 46 c a r -flo a ts , 1 d e rrick .
E a rn in g s—
$
$
$
$
P a sse n g e r d e p a r t m e n t ._ 2 5 ,2 5 2 ,1 2 4
2 4 ,1 4 6 ,4 5 4
2 3 ,4 2 5 ,1 7 3
2 2 .9 5 3 ,0 1 8
F r e ig h t d e p a r t m e n t -___ 2 7 ,2 4 7 ,1 1 8
2 5 ,3 4 1 .8 5 5
2 4 ,4 1 3 ,5 4 1
2 3 ,9 2 6 ,1 5 0
M is c e lla n e o u s ___________
4 8 5 ,0 8 0
4 9 3 ,6 3 8
4 4 4 ,1 9 5
4 1 6 ,9 0 9
T o t a l _____________
5 2 ,9 8 4 ,3 2 2
4 9 ,9 8 1 ,9 4 7
4 8 ,2 8 2 ,9 0 9
4 7 ,2 9 6 ,0 7 8
M a in t. o f w a y , & C - .____
5 ,6 1 4 ,9 7 8
M a in t. o f e q u ip m e n t --..
5 ,6 6 8 ,5 2 5
T ra n s p o r ta tio n ________ 2 2 .6 1 0 ,5 6 8
G en era l __________________
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 ,0 7 6 ,7 9 0
6 ,2 3 7 ,7 2 2
4 ,1 8 9 ,9 1 9
2 3 ,5 8 7 .1 0 6
9 4 0 ,2 7 6
T o t a l __________________ 3 5 ,2 2 2 .5 8 7
P . c. o f e x p . t o e a r n s ___
(6 6 .4 7 )
N et e a rn in g s____________ 1 7 ,7 6 1 ,7 3 6
o t h e r i n c o p e ____ ______
2 ,1 7 5 ,7 5 7
3 5 ,8 3 3 ,0 2 3
(7 1 .6 9 )
1 4 ,1 4 8 ,9 2 4
1 ,2 2 3 ,4 5 2
3 5 .1 5 9 ,2 1 1
(7 2 .8 1 )
1 3 ,1 2 3 ,6 9 8
9 0 6 ,4 3 6
3 4 ,9 5 5 ,0 2 4
(7 3 .9 0 )
1 2 ,3 4 1 ,0 5 4
5 6 5 ,8 1 7
Expenses—
15,372,376
T otal net Income_____ 19,937,493
'Deduct—
Interest on bonds______ l 3,005,793f 1,432,473
Other interest________ f
\
435,385R e n ta ls _________________
3.935,594 4,136.843
Taxes __________________
2,810,729 2,659,624
8 % on stock______ ______ 6,467,092
6,400,000
Im p roves & betterm ’ts- 3,000,000
________
326,998,
________
Insurance fu n d________
14,030,134
12,906,871
779,067
279.993
4.420,283
2,455,434
6,006,448
_____ _ _ _
________
1,137,052
52,912
4,504,546
2,385,390
4,618,438
_________
______
T o t a l __________________ 1 9 ,5 4 6 ,2 0 6
S u r p l u s __________________
3 9 1 ,2 8 7
1 3 ,9 4 1 ,8 2 5
88 ,3 0 9
Assets—
1 5 ,0 6 4 ,3 2 5
3 0 8 ,0 5 1
B A L A N C E S H E E T J U N E 30 1906.
[ V OL. L X X X U I ,
C H R O N IC L E .
1 2 ,6 9 8 ,3 3 8
2 0 8 ,5 3 3
$
C o s t o f ra ilro a d p ro p e rtie s ow n ed a n d d ir e c tly o p e r a te d , in c lu d
ing ra ilroa d s a n d a p p u r te n a n c e s , ro llin g s to c k a n d real e s t a t e - 1 4 4 ,6 0 8 ,9 5 0
In v e s tm e n ts in s to c k s o f lea sed ra ilro a d co m p a n ie s n o t c o n tr o lle d 8 ,9 8 4 ,6 4 3
C o n s o lid a te d R y . C o. s to c k o w n e d ..________________________________ 1 0 ,0 9 5 ,9 3 3
N e w E n g la n d N a v ig a tio n C o. s to 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 ---------------1 9 ,8 6 3 ,9 1 1
R e a l esta te at P a rk S q u a r e , B o s t o n , a n d S o u th S tr e e t, N ew
Y r k , h eld fo r s a le --------------------------------------------------------_ _ - _ _ ----ro
5 ,2 1 0 ,0 0 0
A d v a n c e s t o leased lin e s , n o t c o n tr o lle d , fo r im p r o v e m e n ts an d
b e t t e r m e n t s -___________________________________________________ _
1 ,2 0 3 ,1 7 6
M a te r ia ls , fu el an d o th e r su p p lies — _.--------------------------------------------3 ,6 6 3 ,9 3 3
A g e n ts ’ a n d c o n d u c t o r s ’ b a la n c e s -----------------1 ,9 4 2 ,3 5 3
T r a ffic b a la n c e s -------------------------------~- --------------------------------------------185,402
M iscella n eou s a c c o u n t s -------------: ------------ ------------- ---------------------------2 ,8 0 2 ,7 5 4
B ills r e c e iv a b le -.------- ----------------2 1 4 ,5 1 4
M a rk e ta b le s to ck s a n d b o n d s ---------------------------------------- _ _ _ _ _ _ —
1 5 ,9 9 4 ,5 8 7
C ash in b a n k s a n d on h a n d -------------------------------------— ------------------3 ,7 0 7 ,6 9 3
C ash o n sp ecial d e p o s it _______________________________________
1 2 ,5 6 6 ,4 5 8
2 ,6 1 4 ,5 0 8
C ash for- p a y m e n t o f in terest a n d d iv id e n d s ---------------------------------In su ra n ce fu n d assets (a t c o s t ) -------------------------------------- -----------------9 6 9 ,4 6 6
A c c id e n t an d c a s u a lty fu n d assets (a t co st) ----------------------------------203,543
T ru s te e s o 1 H arlem R iv e r & P o r t C hester b o n d s ---------------------------76 2 ,0 0 0
S in k in g fu n d fo r N e w H a v e n & N o r th a m p to n b o n d s ------------------82 9 ,4 1 4
P re p a id in s u ra n ce , p ier r e n ta ls , &e — ------------------------------------------114,623
T o ta l a s s e t s ________ ________________ _____________________________ 2 3 9 ,4 8 6 ,3 3 6
Liabilities—
__________ _
____ _ _ _ ____________ $83,357 100
Capital stock
.,
Outstanding capital stocks of operated companies controlled bv
r stock ownership
___
___
_ _
_
______
1,167,119
N . Y. N. H. & H. R R . Co. debentures, including debentures of
merged roads assumed _
_____ 7 0 , 3 1 5 , 7 2 5
N, Y. X . H. & H. R R . Co. bonded debt, including debt of
merged roads assumed _ .
_
...
_____ 20.043,000
Bonded debt of constituent companies
- _ _
_ 22,185,000
_
Obligations to owners of leased roads for equipment and per
sonal property
_ 6 ,1 2 7 , 8 8 3
Capital obligations authorized or created (in treasury!
subject to sale, not included In assets*
..$28,969,275
Traffic balances_
_
_______________
_____ _________ _ 1,857,023
Audited vouchers
.
_
4,635,039
Bills payable-----_
.........
.
9,370,440
Miscellaneous accounts payable
_ _
______
1,322,430
Unpaid wages____ ___ ______________________ ____ _____
_
438,484
Rentals of leased lines accrued _
. __ . . . . . .
177,912
Interest due or accrued___ ____
______________ ___ .
_. _ 1,648,375
Dividends due or accrued _____ ______
____ _
_ _______
1 ,6 8 8 , 9 4 0
_
_ _ .... ___
. _ .._
_
945,815
Insurance fund_ _______________ _
Reserve for claims on accident and casualty fu n d .: ______ .
291,277
Sink. fund, for New Haven & North, gen. rnort. and sink. fd. bds.
829,419
Profit and loss account________ ___ __________________
_ ____ 1 3 ,0 8 4 , 4 4 0
_
T o t a in a b ilitie s ___________
— V . 8 3 , p . 7 5 0 , 688.
__
_
_____
_ _ 2 8 9 ,4 8 6 336
Missouri Kansas & Texas Railway.
(.R eport fo r F i s c a l Y e a r en d in g J u n e 30 1906.)
The usual comparative tables of earnings and balance
sheet for several years past were given in the “ Chronicle'7 of
Sept. 2 2 , page 684.
Chairman Adrian H. Joline, under date of Sept. 15; says
in substance:
F u n d ed Debt.— T h e c o m p a n y is free fr o m flo a tin g d e b t.
B o n d s (a g g r e
g a tin g $ 1 3 ,7 3 1 ,0 0 0 ) h a v e b e e n issu ed as fo llo w s :
$ 3 ,6 9 8 ,0 0 0 "fir s t a n d r e fu n d in g m o r t g a g e ” 4 % b o n d s (a) fo r th e a c q u is i
tio n o f car a n d en g in e e q u ip m e n t; (b) fo r sh op s a n d te rm in a ls at P a r s o n s ,
K a n . , a n d P h illip s, I n d . T e r .; (c) fo r term in a ls a t K a n sa s Cxty.
$ 2 3 ,0 0 0 S t. L o u is D iv is io n 4 % b o n d s in lie u o f $ 1 7 ,0 0 0 M . K . & E a stern
R y . C o. se co n d m o r tg a g e 5 % b o n d s retired .
$ 1 0 ,0 0 0 ,0 0 0 gen era l m o r tg a g e 4 1 4 % sin k in g fu n d g o ld b o n d s fo r th e r e
tire m e n t o f th e e q u ip m e n t o b lig a tio n s o u tsta n d in g J a n . 1 1 9 0 6 ,a m o u n tin g
t o $ 4 ,0 0 1 ,8 4 4 , a n d t o re im b u rse th e c o m p a n y fo r e x p e n d itu re s m a d e a n d
to b e m a d e in th e r e d u ctio n o f g r a d e s , re-X orm ation o f al ig n m e n t , rail ren ew a ls
a n d o th e r im p ro v e m e n ts t o lines n o rth o f R e d R iv e r .
A ll o f the e q u ip m e n t
n o te s a n d b o n d s re fe rred t o h a v e b e e n c a n ce le d e x c e p t § 1 0 0 ,0 0 0 c a lle d bu t
n o t y e t p re se n te d , to re d e e m w h ich fu n d s are held b y th e tru ste e o f th e
m o r tg a g e .
T h e last in sta lm e n t d u e fr o m th e su b scrib ers t o th e n ew b o n d s
w a s p a id on th e 1 2 th in st. a n d w ill e n a b le th e c o m p a n y t o p r o s e c u te to
e a rly c o m p le tio n certa in m u ch -n e e d e d im p r o v e m e n ts n o w u n d er w a v .
(C o m p a re V . 82 , p. 2 1 8 , 3 3 4 , 5 6 8 , 692; V . 8 3 , p . 5 6 2 ,4 3 5 , 3 7 6 .— E d .)
M ile a g e A d d itio n s .— N o a d d itio n a l m ile a g e w a s b u ilt o r a c q u ir e d d u rin g
th e fisca l y e a r, b u t on J u ly 1 1906 w e b eg a n th e jo in t o p e r a tio n o f 2 9 .6 4
m iles o f tr a c k o f th e In te r n a tio n a l & G reat N o rth e rn R R . C o. b e tw e e n
A u stin a n d San M a rcos, T e x a s , u n d e r a 5 0 -y e a r c o n t r a c t , g iv in g us a n o u tle t
fr o m A u s tin so u th w e st, a n d e ffe ctin g a co n sid e ra b le s a v in g in tim e a n d dis
ta n c e b e tw e e n San A n to n io an d n o rth e rn p o in ts .
O p era tio n s.— N o tw ith s ta n d in g a la rg e d ecrea se in th e m o v e m e n t o f c o a l,
d u e t o a tw o -m o n th s ’ srtik e in t h e S o u th w e ste rn field s, a n d a lso a d ecrea se
in th e c o t t o n to n n a g e ca u sed b y la st y e a r ’s sh ort c r o p , th e c o m p a n y ’s b u s i
n ess sh ow s a su b sta n tia l in crease in e v e ry d e p a rtm e n t as c o m p a re d w ith th e
ea rn in gs fo r th e p r e v io u s y e a r , w h ich w ere u n til th e n th e la rg est in t h e c o m
p a n y ’ s h is to r y . T h e g ross rev en u es in cre a se d $ 1 ,1 1 8 ,0 5 0 , o f w h ich $ 8 3 4 ,4 9 8
w a s in freight- ea rn in gs a n d § 2 2 2 ,2 8 9 in p a ssen g er ea rn in g s, th e la t te r in
crea se b e in g e sp e cia lly n o ta b le as th e p r e v io u s y e a r in clu d e d th e clo sin g
m o n th s o f th e S t. L o u is E x p o s itio n .
O p e ra tin g e x p e n se s a n d ta x e s in
cre a se d $ 4 7 6 ,8 2 5 a n d th e n et ea rn in gs § 6 4 1 ,2 2 5 .
S ta tistics in d ic a te th a t
th e c o m p a n y is b e g in n in g t o rea p th e b en efit o f th e im p r o v e m e n t p o lic y
so c o n s is te n tly fo llo w e d in th e p a st.
W h ile m u ch rem a in s t o b e d o n e , th e
p h y s ic a l c o n d itio n o f th e ra ilw a y w as n e v e r as g o o d as a t th e p resen t tim e ,
a n d it co m p a re s fa v o r a b ly w ith th a t o f a n y o f its co m p e tito r s .
D iv id e n d s .— T h e b e g in n in g o f d iv id e n d p a y m e n ts u p o n th e p referred
s t o c k m a rk s th e p rog ress o f th e c o m p a n y ; a se m i-a n n u a l d is tr ib u tio n o f 2 %
th e r e o n h a v in g b e e n m a d e on M ay 10 1906 fr o m th e s u m lv s rev en u es.
T h e p r o c e e d s o f sale o f th e $ 1 0 ,0 0 0 ,0 0 0 g e n e ra l m o r t . b o n d s s u b s ta n tia lly r e
lie v e d th e d ra in o n cu rren t rev en u es arisin g fr o m t h e n e ce ssity o f la rg e
p a y m e n ts on a c c o u n t o f e q u ip m e n t o b lig a tio n s (n o w retired ) a n d e x p e n d i
tu res fo r b e tte r m e n ts , w h ich m a y n o w b e c a p ita liz e d so fa r as im p r o v e m e n ts
n o r th o f R e d R iv e r are co n ce rn e d .
Statehood fo r the T errito ries.— T h e P re sid e n t h a v in g sign ed th e b ill p assed
b y C on g ress, O k la h o m a a n d In d ia n T e rrito rie s w ill b e a d m itte d as on e S ta te
e a rly n e x t y e a r.
I t is c o n fid e n tly e x p e c te d th a t th e c r e a tio n o f th is n ew
S ta te w ill b e a tte n d e d b y a la rg e in crea se in th e p o p u la tio n a n d resou rces
o f th e c o u n tr y a ffe c te d b y th e A c t , w h ic h w ill a d d g r e a tly t o th e t r a ffic o f
y o u r ra ilw a y .
L and G ra n t.— T h e efforts o f th e c o m p a n y t o te st its rig h ts in r e s p e c t to
th e la n d s in th e In d ia n T e r r ito r y g ra n te d b y C on g ress.to th e S ta te o f K a n sa s
fo r th e b e n e fit o f th e co m p a n y h a v e n o w re a ch e d a n im p o r ta n t sta g e . T h e
S ta te o f K a n sa s, a v a ilin g o f ce rta in p ro v is io n s o f th e F e d e ra l C o n s t it u t io n .
r e c e n tly a p p lie d to th e S u p rem e C ou rt o f th e U n ite d S ta tes lo r le a v e t o in
s t it u t e in th a t c o u rt an origin a l su it, b r o u g h t b y th e S ta te as tru s te e fo r
y o u r c o m p a n y , a n d th e a p p lic a tio n w as g ra n te d .
T h e su it is n o w p e n d in g ,
a n d it is h o p e d th a t it w ill b e d isp o se d o f on its m erits.
G en era l.— T h e o u tlo o k fo r b u sin ess fo r th e c o m in g y e a r is u n u su a lly f a
v o r a b le .
Y o u r c o m p a n y is m e e tin g w ith su ccess in its e ffo rts t o in d u c e
im m ig r a tio n t o an d s e ttle m e n t o f th e c o u n t r y a d ja c e n t t o th e r a ilw a y .
It is g r a tify in g a lso t o o b se rv e th e co n tin u e d d e v e lo p m e n t o f n ew in d u stries
a lo n g th e lin es o f th e sy stem .
T h e r e w ill b e n o c e ssa tion o f im p r o v e m e n t vrork u n til th e p r o p e r t y sh all
h a v e a tta in e d th e h ig h est sta te o f e ffic ie n c y .
T h e n e w s h o o s a t P a rson s
(e x p e c te d to b e c o m p le te d *‘ b e fo r e th e c lo s e o f th e cu rre n t y e a r .” — E d .)
w ill c o n s titu te on e o f th e m o st c o m p le te p la n ts in th e c o u n t r y .'
President F. N. Finney, Aug. 10 1906, writes:
T ra in L o a d .— W e h a v e b e e n a b le t o sh o w ail im p r o v e m e n t in tr a in -lo a d
c o m p a r e d w ith last y e a r as fo llo w s : R e v e n u e to n s p er tra in m ile , 2 1 7 .9 ,
a g a in st 20 4 .9 in 1 9 0 4 -0 5 , a n in crea se o f 13 to n s.
Improvements , &c.— T h e w o r k o f im p r o v in g th e p h y s ic a l c o n d itio n o f th e
p r o p e r ty has been ca rried o n ste a d ily as fo llo w s : w id e n in g e m b a n k m e n ts.
1 3 5 .2 7 m iles; d itc h in g . 3 9 9 .3 4 m iles: b a lla s tin g , 3 1 4 .4 4 m iles. T h e b a lla s t
in g o f th e m a in lin e fr o m S t. L o u is t o D a lla s has b een c o m p le te d , w ith th e
e x c e p tio n o f a b o u t 15 m iles.
F r o m D a lla s t o S a n A n t o n io a n d H o u s to n
th e re still rem a in 225 m iles t o b e b a lla ste d .
O n th e O k la h o m a lin e th e b a l
la stin g has b e e n c o m p le te d b e tw e e n P a rso n s a n d O sa ge, le a v in g 85 m iles
t o b e c o m p le te d ; an d fro m O k la h o m a C ity t o A t o k a , 62 m ile s, all o f w h ich
is u n d e r w a y .
T h e c o m b in a t io n a n d w o o d e n b rid g es o n th e D a lla s D iv is io n h a v e been
r e p la c e d b y steel a n d co n cre te .
O n th e W a c o D iv is io n , b e tw e e n S o u th
Yrard a n d G ra n g er, th e w o rk o f ren ew in g all o f th e lig h t sp a n b rid g es w ill
b e fin ish ed th is fa ll.
A rra n g e m e n ts are m a d e fo r ren ew in g all o f th e re
m a in in g lig h t b rid ges o n th e W a c o a n d H o u s to n d iv isio n s d u rin g th e corn
in g w in te r .
O n th e H e n rie tta D iv is io n th e m a so n ry is c o m p le te d fo r th e
a u th o r iz e d steel span s. T h e r e h a v e b e e n b u fft 115 c o n c r e te c u lv e rts in
p la c e o f w o o d e n b o x e s .
D u rin g th e y e a r 1 ,2 8 1 ,4 4 1 cross-ties a n d 855 sets o f sw itch ties h a v e b een
p u t in th e tra ck .
A t ou r tim b e r-tre a tin g p la n t at G reen v ille 649,922 cross
ties a n d 359 sets o f s w itc h ties w ere tre a te d . T h e p rocess is b e in g ch a n g ed
fr o m th e z in c -c h lo r id e t o th e cre o so te .
W e e x p e c t b y th is ch a n g e t o m o re
th a n d o u b le th e life o f ties as tre a te d b y th e origin al p rocess.
W e h a v e rela id w ith 8 5 -lb . steel 85 m iles 1,292 fe e t o f t r a c k , all n o rth o f
th e R e d R iv e r .
T h e ch a n g e o f lin e so u th o f A n g o la , in K a n sa s, has b e e n
c o m p le te d , an d a lso b e tw e e n L eh ig h a n d P h illip s , in In d ia n T e r r ito r y ,
b o th g re a t im p ro v e m e n ts.
W e h a v e c o n s tru cte d 54.69 m iles o f sid in g
a n d y a r d tr a c k a n d 13.60 m iles o f n ew fe n ce .
W e b u ilt c o m b in a t io n sta tio n s a t eig h t p o in ts a n d en la rg ed six .
T h re e
n ew o a sse n g e r sta tio n s h a v e b e e n c o n s tru cte d a n d on e en la rg ed .
F iv e n ew
r e ig h t h ou ses h a v e b e e n b u ilt a n d th e o n e a t D allas en larged a n d im p r o v e d .
O c t . G 1906.]
THE
C H R O N IC L E .
Fruit sheds have been built at rive dilTerent points In Texas; cotton plat
form s at 18 stations and stock pens at 11; also 23 coal and oil houses at
points north of the R ed River and track scales at live dilTerent stations and
stock scales at ten; Interlocking plants at three different railroad crossings,
&o.
Rolling Stock. — During the llscal year w e received the follow ing rolling
stock: L ocom otives. 30; postal ears. S; b o x cars, l , 7,10: ventilated box ears.
1*50: ballast ears. 100; m iscellaneous, 105.
Kansas City Terminal Railroad A ssociation. This com pany has joined
with nine other com panies entering K ansas City In the organization o f a
Term inal Com pany (V. S3, p. 95, 155, 323) for the purpose of purchasing
the Kansas City Belt Line, erecting a new passenger station and the esiab
iishment. of passenger terminals at that point. Our freight term inal, for
which we had acquired grounds at Kansas City at the tim e of last year's
report, has been im proved by putting up a large freight house, a round
house. &e
W e expect to com plete these terminals within the year.
Reduction of Grades.— The reduction o f grades north of the Red River
has been actively entered upon and a large force Is now engaged. W e have
been able to secure, between Atoka and Red R iver, a grade not exceeding
four tenths com pensated In both directions. From R ed River north we
get a new line w ith four-tenths grade com pensated for 7 7 10 miles for use
by northbound trains and we will use the old grade of 1% for southbound
business, making a double track on that portion. The entire work between
Red River and Atoka will be com pleted within the com ing year. W e shall
undertake this w ork between Atoka and M cAlester within a short time
S trike.— On April 1 a general strike took place throughout all the coal re
gion.
In anticipation of this we protected ourselves by laying in a supply
o f 151.000 tons o f coal. T he cost o f this over and abov e the ordinary ex
penditures am ounted to over $101,000. ow ing to the cost of handling the
coal tw ice and the additional price we were obliged to pay. - \ . 83. p.
684 562.
Chicago & Alton Railroad.
I
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1903.)
President 8. M. Felton says in substance:
<'consolidation.— This report tsee incom e account) includes the operations
of the Chicago & Alton R R . C o., the C hicago & Alton R y . Co. dow n to the
date o f the consolidation. March 14 1906, and o f the Chicago & A lton R R .
Co. - consolidated com pany) subsequent to March 14 1906.
Mileage. —The mileage operated during the year includes the 48.80 miles
owned and 6.30 miles trackage, a total o f 55.10 miles, heretofore operated
as the Q uincy Carrollton & St. Louis R y . from E ldred, III., to Litchfield,
111.
T raffic.— Tonnage one mile increased 1 6 .3 6 % , bu t, on account o f a de
crease in the average rate obtain ed, the net increase in revenue was $542,154,
or 7.79 % . The principal increases are: Coal and other mine products,
$336,223. or 20 .8 2 % : forest products. $63,791, or 1 5 .1 7 % : m anufactures,
$198,843, or 1 7 .4 2 % . Animals and animal products decreased $110,266,
or 8 .6 2 % , and agricultural products decreased $53,643. or 4 .2 9 % . The
revenue per ton per mile decreased from .689 cent to .639 cent, while the
average haul increased from 165.76 to 172.43 miles.
The total passenger receipts decreased $775,118, or 1 8 .5 2 % , and the
num ber o f passengers m oved one mile decreased 75,943,864, or 3 1 .3 9 % .
These decreases are accounted for b y the com parison with the previous year,
when the Louisiana Purchase E xposition was held at St. Louis.
The coal traffic has been largely developed during the year, and notw ith
standing the miners' strike, which extended through the m onths o f April
and M ay. during w hich the coal m ovem ent was alm ost nil. there was an in
crease in the tonnage hauled from 2,606,086 tons, or 42 .7 9 % : of the total
_ it ton n a g e,in 1905, to 3,182,779 tons, or 46.72% o f the total freight
tonnage, in 1906, an increase of 576.693 tons, or 2 2 .1 3 % . in 1900-01 the
coal traffic am ounted to only 1.863,887 tons.
M aim , nance.— 7.974 tons o f new rail and 2,396 tons of re-laying rail
were placed in the main track, making a total o f 85.21 miles of track relaid
during the year. 234,511 cross-ties were placed in the m ain track, equal
to S3.27 miles, or 7 .76% o f the total main track.
Weight of Rail {M iles) June 30 1906.
76-lb.
70-lb.
65-tf>.
80-lb.
0 6 -lb.
Total.
10.20
87.SS ‘
6.60
1,072.6!
61.55
159.43
Ballast {M iles).
Stone.
Soil.
Cinders.
Slag.
Gravel.
630.74
119.20
148.90
85.62
SS.23
The average repairs were; Per locom otiv e, $3,234; per car in passenger
service, $671; per freight car, $47.56. There have been purchased 38 lo co
m otives and 16 cars for passenger service. 1.000 40-ton b o x , 300 stock
and 200 30-ton refrigerator cars were purchased under car trust and added
to the equipm ent. Contracts have been entered into for the construction
and early delivery of 1.300 40-ton box cars, 300 40-ton flat cars, 300 30-ton
stock cars and 100 30-ton furniture cars.
Between June 1899 and June 1906 the total tractive power of the lo c o
motives in service has been increased 1 32.26 % ; the total capacity of the
freight equipm ent increased 145.94% and the average capacity per car in
creased from 21.52 tons to 33.31 tons, or 5 4 .7 9 % .
Rolling Stock June 30 1906 and Net Changes During Year.
Locomotives.
Pass. Cars.
Freight Cars.
Service.
250—
17,908 tons.
217.
9,737
370
Inc. 29.
Inc. 7.
In c. 356
Inc. 17
Im provem ents.— Considerable work has been done preparatory to laying
the second main track between Bloom ington and Sherman and reducing
the m axim um gradient of present main track to a 3-10% northbound. All
track and switch materia! is distributed on the ground for 33 miles o f new
main track, o f w hich 10.4 miles are laid and ballasted, ready for traffic.
The steel superstructure for double track bridge over Salt Creek, south of
Lincoln, is on the ground, and nine spans o f 64 H feet have been erected
on the southbound track, ready for service. W ork is also progressing on
the K ickap oo Creek bridge, on the new Sangam on R iver bridge and on tw o
spans o f the Mississippi River bridge at Louisiana.
One and eight-tenths mile of second main track have been laid through
Springfield to lies. Changes In grade have been m ade for 7.37 miles b e
tween Springfield and G rove for the purpose o f reducing the northbound
grade to 3 1 0 % . Surveys have been m ade between Springfield and Nilw ood for second main track, and also w ith the view o f reducing northbound
grades to 3 -1 0 % . R ight o f w ay has been purchased for the belt line to be
built from a point south o f Springfield to the Illinois Central R R . east of
lies.
G ood progress has been made in the construction o f the air line from
Springfield to a point near M urrayville, on the Kansas City division. A t
the date of this report 31.5 miles o f roadbed were ready for the track,
ft
Is expected to get this line in operation b y Jan. 1. The second main tra ck ,
between P cquot and M azonia. has been put in operation, thus giving un
broken double track between Chicago and B ioom ington via the Coal City
line. As the second track between Lawndale and R ldgely will be ready
for operation by Dec. 1 1906. there will be com pleted on that date a doubletracked road with only 3 -10% northbound grade from lies to Chicago. 187.3
miles, except the 23 miles between Lawndale and Bloom ington.
lies is
the junction of the new air line from Springfield to R oodh ou se and the main
line to St. Louis, and is at the centre o f the coal mining Industry.
Extensive surveys and estimates have been m ade for additional track
elevation, which will be required in Chicago before the year 1908. Surveys
have also been com m enced preparatory to track elevation at Joliet and for
the construction of a yard just outside o f Chicago city limits, for which 290
acres have been purchased.
Foundation piers and abutm ents have been
com pleted for the erection o f a single leaf bascule bridge to replace th< pres
ent draw bridge at Bridgeport, the cost to be borne Jointly with the Illinois
Central R R . and the Atchison.
80-lb.
747.03
813
OPER I T I O X S A X D F IS C A L R E SU LT S.
1905-06.
1904-05.
1903-0 1.
1902-03.
915
Average miles operated .
970
915
915
Operations, & c.—
$1 1 .940
$12,890
Receipts per mile o f road
$12,484
$11 ,002
6.812.469
runs, revenue l'r't cav’d .
6,090,663
5 .877 ,995
0,121,333
1 174692281 1009561642 1099973281 l 102792462
Tons. rev. tr’t car. l m
$2.45
l'r 't ree'ts per train mile
$2.39
$2.29
$2.10
l'r't ree’ts per toil p. mile 0.639 cts.
0.689 cts.
0.677 Cts.
0.599 cts.
Revenue passengers car . 3,109,318
3.286,969
3,227,011
2,879,374
Rev. pass, carried l mile 165.985.535 24 1,929,399 172,074,594 146.853.52 l
2.05 cts.
1 .73 CtS.
Receipts per pass, per m.
1.98 ets.
1.95 cts.
Ree’ts per pass. tr. mile
$1.18
$1.48
duel, mall & express) ,
$1.36
$1.19
380.80
336.08
\\ . rev. tr. load (to n s).
346.78
356.02
$
$
Receipts—
$
$
6,958.927
7,445.877
6.610,637
7,501,081
Freight ______ - - - - - - - 4.185,561
3,35 1 .
2 ,908,583
P a ssen g er......................... 3,410,443
261 ,111
266,021
259.899
241.112
Mail
268,731
260,653
253,920
218,039
Express
139,818
131,062
114,214
92,721
Miscellaneous — --------------Gross earnings
Expenses—
Maint. o f w ay. &c _______
Malnt. o f equ ipm en t___
C on d u ct's transport at'n
General ex p en ses______
11,586,095
11 .797,313
11,425,853
1,427,875
1 ,407,675
4,654,078
329,276
1 ,463,689
1,336,21 1
4.469.846
332,917
1.446,010
1,230,762
4,559,731
288.097
1,213,365
1,190,832
3.983,068
25 7,9.>4*
Total oper. expenses.
P. c. o f op. exp. to earns.
X et earnings___ ______
7,818,904
(67.48)
3,767,191
7.602,663
(64.44)
4,194.650
7,524,600
(65.86)
3,901,253
6,625.196
(65.79)
3,445.8*0
10,071,092
f X C O M E ACCO UNT FOR TI I E Y E A R E X D I X G J U N E 30 1906.
{See First Paragraph of Text.)
Net earnings (as a b o v e )___________ . . - .
_______________ -$3,767,191
Interest on bonds ow ned _____ _____ _____________ ____________ ..
240,000
Interest, discount and exch an ge. _______________________. - _______
19,146
Net in com e____ . . ___ - ___________________________________ $4,026,337
Deductions—
Faxes _____________
...
_ _________________________ . $354,180
Interest on C. & A . R R . Co. 3 % refunding b on d s. _
_____ 1,359.330
Interest on C. 6c A . R y . Co. first lien 3 y> % b on d s______ ___ ___
770,000
Interest on C. 6c A . R y . Co. 4% collateral trust n o te s ____ _ . _ - .
200.000
Interest on C. 6c A . R R . Co. equipm ent notes.. - ______ ___________
83,498
Dividends on guaranteed stocks ______________________
.
241.924
Div idends on former C. 6c A . R y . Co. preferred stock and form er
C. 6c A . R R . Co. preferred and com m on stocks In the hands
o f t h e p u b l i c _____ ______,_____________,._________________
_
_
406,140
D ividend on cum ulative 4 % prior lien and participating stock
payable July 2 1906_ ______ _________________________________ _ .
_
17,986
D ividend on non-cum ulative 4 % preferred stock payable July 2
1906 ________________
. _ . - ___________________.
390,880
8,318
Miscellaneous expenses_______________ ___________________ ________
Total d ed u ction s...........- _ ___________________________ ______ .$3,831 ,363
Balance to profit and loss_____ _____________________ .. _
$194,974
B A L A N C E S H E E T J U N E 30 1906.
Capital Assets—
S
Capital Liabilities—
$
Cost of road, franchise 6c
Cum. 4 % prior lien and
securities______________117,303,976
participating s to c k
899,300
Betterm ents,
additions
N om eum . 4 % pref stk _ 19,544,000
and new equipm ent
Com m on stock _________ 19,542,$00
since March 14 1906___
1,095,873 Guaranteed stocks: Joliet
Agents and conductors - _
313,124 & Chic. R R ., K . City St.
Cash__________________ _ 1,441,264 L. & Chic. R R . and
IndivTs and com p a n ies-_
147,887
Louisiana 6c M. R iv.
U. S. G o v ’t transportat’ n
70,026 R R .) . ___
3,693,200
Material, fuel and supplies
839,238 C. 6c A . R R . Co. 3% re3% refund, bonds (par
funding b o n d s _________ 45,350,000
S I,000,00 0)___________
800,000 C. & A . R y . Co. 3 % %
Deferred Assets—
first lien b o n d s_____ — 2 2 ,000,000
Real estate, C hicago____
237,000 C. & A . R y . Co. 4% coiReal estate, m isceliane’s- 24,979 i lateral trust n otes. .
.
5,000,000
Stocks 6c bonds o w n e d ._
200,001 E quipm ent n otes_______
3,016,918
U. S. Trust Co. Miss. R iv.
T ra ffic balances____
109.749
Bridge Co. 6% m ort__
290,842 Coupons due July 1 1906.
485,000
U nadjusted accounts (deD ivs., in t., 6cc ., due and
fe rre d )________________
84,112 u npaid_______ ___ _______
21,956
U nadjusted accounts (conDivs. pay. July 1 1906
408,886
tin gen t)______ _____ _
24,006 Interest, 6cc. , a ccru ed _ _
395,340
Vouchers and pay-rolls _ - 1,282.766
Bills p a y a b le________ . 580,243
Miss. R iv . Bridge Co. 6%
; bonds provided for by
cash deposit w ith Trust
C o _____ . __________
225,597
1Renewal and replacem ’t
f u n d s ------ ---------------55,180
Balance to profit 6c loss - _
261,391
----------------
Total assets__________ 122,872,328;
— V . 83. n . 686,62 5.
-----------------
T otal liabilities-------------122.872,327
Boston & Maine Railroad.
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 •1906.)
President Lucius Tuttle, Sept. 6 1906, says in substance:
General Results.— As com pared with the previous year, the receipts from
all sources increased $3,035,454, of w hich $761,112 from passengers
$2,039,480 from freight and $234,861 from other sou res. T a c num ber of
passengers increased 2,722,595 and the tons o f freight 2,002,641. The
operating expenses were $2,733,628 greater than the previous year, bu t
they include all im provem ents and other expenditures made during the
year, except the follow ing item s, which were charged to capita! account:
Com pletion o f im provem ents betw een R ochester, N. H .. and P ortland, Me.,
$35,563; highway grade crossing separations com pleted, $432,661: real
estate and other investm ents, $59,500: 1,742 new freight cars. $ 1 .3 7 9 .1 11:
total, $1,906,834; deduct proceeds o f securities sold. $215,239; balance
$1,691,595.
S ix Year's Operations Compared.— The follow ing six-year com parison
shows the increase In earnings, the small enlargements or fixed charge
obligations and dividend disbursem ents, and the application o f surplus
earnings to the m aintenance and general im provem ent of the property.
F o r the year ending June 30—
1906.
1901.
Increase.
Fixed charges, 1. e., sinking fund, taxes
Interest on debt ami rentals _ _______ $8,430,999 $8,100.42:
$20-1 .->78
Dividends (6 % on pref. and 7 % on com .) 1,834,646 1,645,mu-189,646
Total - . _____ . . . . . . _
_____ $10,265,645 $9,811,421
$4: 224
Gross receipts (increase in road 23 m .) ..$ 3 9 ,8 3 6 ,2 8 8 $ 3 1,37 5 . 0 2 9 $%■!< 66
2,198,88
" Fundamental m aintenance e x p e n d ." _ $7,844,692 $5,6 15,809 52,1:
selpts and
The difference between the Increase here shown in the
’
-is the net
tlie Increase in the total fixed charges and dividends • • >
of annual surpluses now carried In contingent fund ia m ou i% " to $209,210)
or opera*
namely. $7,797,234-—has all been expended upon the < •)
or man enc
tion and m aintenance, and for new rolling stock and oth
>m operae x p e n d it u r e s for b e t t e r m e n t s a n d eq vipxie
r f o r T i n : additions and im provem ents the. percentage o f gro - nfii
7 0 .4 >4%;
Y E A R E X D I X G J U N E 30 1906, AOGREGA T I X G $2 ,072,461.
tlon used for operating expenses being, in 1901.70.769 ,,
ill 1906.
in 1905, 7
In 1904, 72,424
E quipm ent
_____ _______ __________ _________ _ . . _ .
..5 2 0 ,5 5 0 ill 1903. 71.826
Terminal yards ($41,649), side tracks ($17,684) and real ' ta lc. 60.25 1 74.854 % .
led as
Rolling Stock.— During the fiscal year new equlpm em i,
Change o f g r a d e ......................
. . . . . .
,
.14 4,510
nod 3
Reconstructing Bridgeport draw
- 13,937 follows: 55 locom otives, 42 passenger, 2 baggage. 2 co
plow,
Shop buildings and m achinery 1540,179) and other b ld g ". ($41 ,3 2 0 ). h 1,499 milk cars, 1,742 freight and 23 caboose cars, 1 derrick e 1M this
,-M O •
Interlocking and other signals. .
. . . . . . . . . . . __ _
. . 66,772 at a total cost -less proceeds of old equipm ent sold —of 52
ex per 1, and
am ount $1 ,076,427 lias been Included In the year's opera 1
New main lines; lies to M urrayvllle ($762,032), Sherman to Bloom
OUnt.
the remainder— $1,379,110— has been changed to capital
ington $597,493), A tlanta to Lawndale ($208.299*, fv q ',-' to
« n fI
•
x
I r.
i
t.
c* „ - i —
• .. > i
* n o n </ .
.: .
!
Grade Grossings. — During the yea** 5*18.613 has 1 •* 1
»* *’
1
'•'Imlnatdo 1 of hlgnwav grade c.’o<sinrs: $ ■)</■■ 1 > U • > »
» »r % ■
THE
814
Funded D e b t.— On June 30 1906'fthe funded debt stood at $31,305,544,
a reduction during the year of $98,000; but by the refunding operations
of Sept. 1, hereinafter explained, a further reduction o f $319,044 has since
been made.
The plans to p a y at m aturity the certificates of indebtedness and land
m ortgage notes of the Eastern HU, Co. and the first m ortgage bonds of
the Central Massachusetts R R . C o., am ounting in all to $10,319,044, have
been carried out by the sale o f $10,000,000 o f this com pan y's 20-year 4%
refunding bonds: and beginning ,Sept. 1 1906 the bond Interest and sinking
fund paym ents will be thereby reduced at an anual rate o f $207,246.
Refunding In 1907.— Of our im provem ent bonds $500,000 will be payable
F eb. i 1907, but the sinking fund applicable thereto will approxim ate
$260,000. Portland & R ochester R R . Co. terminal bonds, $113,500
(assumed) m ature O ct. 1 1907. The refunding in 1906 above referred to
has left a balance o f $169,044 to be provided. The shareholders will be
asked at the annual m eeting for authority to issue and sell not exceeding
$500,000 of refunding bonds, the proceeds to pay these several am ounts.
New Stock Issue.— T he stockholders having, at their last annual m eeting,
authorized the issue o f $4,203,700 new com m on stock , together with
$1,128,200 treasury com m on stock, the directors on July 19 1906 offered
the same to the shareholders at the price fixed by the State R ailroad C om
missioners at $165 a share. Subscriptions have been partly or fully paid
for 36,275 shares, 5,762 will be disposed o f at public auction when deemed
advantageous and 11,282 shares still remain in the treasury. Beginning
Jan. 1 1907 the new shares will participate in dividends and the Increase of
dividend disbursements for the current fiscal year, at the present rate
th ereof, will be approxim ately $121,377. This increase will, how ever, be
m ore than offset by the saving in fixed charges incident to the refunding
operations hereinabove described, of $267,246 per annum.
A pplication of Proceeds of Ncav Stock.— N o m aterial expenditure has yet
been m ade on account o f this new Issue of capital stock other than for
additional freight cars; and of these, although contracts were several
rftonths ago placed for 4,000 cars, less than half o f them is as yet received.
Plans for the new m otive pow er shops, and for the second track extensions
authorized are, how ever, being form ulated, and it is expected that work
u pon these needed im provem ents w ill be actively undertaken in the com ing
spirng
Floating D ebt.— The com p a n y ’s notes payable am ounted on June 30
1906 to $3,450,000, representing expenditures made for new equipm ent in
anticipation o f the proceeds of the recent Issue o f new’ com m on stock , and
for im provem ents upon leased roads, re-paym ent for w hich is to be p ro
v id ed through the sale o f their stocks and bonds. A t the date of this report
$1,850,000 c f the indebtedness has been discharged, and the remainder
will be paid as it matures.
S t a t i s t ic s .-—The operations, earnings, charges, etc., 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 .
1905-06.
1904-05.
1903-04.
1902-03.
Miles operated June 3 0 2 , 2 8 7
2,287
2,290
2,282
Operations—
Passengers c a r r ie d _____ 44,597,405
41,874,810 40,257,301 39,049,158
Passengers carried 1 m_ _739,950,909 702,490,018 681,938,257 683,037,890
R ate per pass, per mile_ _
1.769 cts. 1.755 cts.
1.784 cts.
1.774 cts.
Freight (tons) c a r r ie d -. 22,549,467 20,546,826
19,395,452 19,084,796
Freight (tons) carr. 1 m_ 2010500035 1854130258 1728422684 1726029176
R ate per ton per m ile___ 1.162 cts.
1.152 cts.
1.178 cts.
1.131 cts.
Gross earnings per m ile .
$17,419
$16,082
$15,520
$15,030
Earnings—
$
$
$
$
P a s s e n g e r ______________ 13,291,554
12,530,472 12,338,182 12,116,115
F reigh t_________________ 23,847,580
21,808,070 20,788,779 19,965,457
E x p . and ext. b a g g a g e .1,418,491 1,302,825
1,175,540
1,077,037
M a i ls ___________________
525,343
458,319
457,551
454,447
Steam ers, telegraph, &c.
131,232
113,560
134,556
125,929
T o ta l_________________ 39,214,202
36,213,246
E xpenses—
M aintenance of w a y , &c.
5,383,302
4,501,378
M aint. o f e q u ip m e n t--_
3,339,013
3,396,380
C onducting t r a n s p o r t s .
18,665,030 17,117,307
G e n e r a l________________
889,596
796,894
N ew e q u ip m e n t ________ 1,076,427
807,782
34,894,608
33,738,985
3,828,702
3,295,832
16,975,565
820,819
350,989
3,667,993
3,006,936
16,581,458
806,615
170,370
T o ta l_____ 29,353,369
Per Cent exp. to e a r n s ._
N et earnings_ 9,860,834
R en ts, investm ents, &c_
622,085
26,619,741
(73.50)
9,593,505
587,589
2 5,271,907 24,233,372
(72.42)
(71.82)
9,622,701
9,505,613
576,884
527,624
10,482,919
10,181,094
10,199,585
10,033,237
1,486,169
5,069,578
1,605,490
136,285
188,988
1,617,658
1,482,296
5,083,278
1,633,270
151,285
188,988
1,590,012
1,401,332
5,067,593
1,619,119
151,285
188,988
1,582,734
10,104,168
76,926
10,129,129
70,456
10,011,051
22,186
T o ta l_______________
Deduct—
In te r e s t________________
R e n t a ls ________________
T axes _________ I _______
Sinking fu n d ___________
D ividen d on pref. (6 % ) _
D ividend on com . (7 % ) _
(74.85)
1,474,670
5,074,554
1,745,490
136,285
188,988
1,645,656
T o ta l_______________ 10,265,643
Surplus over dividen ds217,276
G E N E R A L B A L A N C E S H E E T J U N E 30.
1906.1905.
$
$
Construction and equ ip- 52,439,706 50,588,412
Stocks S bds. other c o s . 10,535,095 10,746,780
c
Real estate____________
1,361,708
1,309,722
Steam er, elevator, & c_ _
121,522
121,522
Cash ___________________ 2,964,216
3,010,966
Bills receiva b le_____ _
968,491 ‘
973,491
Sinking fu n d s__________
996,689
925,464
Materials and su p p lie s-_ 4,292,757
3,584,769
D ue b y agents, cos., in
dividuals, e t c ------------ 4,642,138
3,635,295
Im p ’t a cct. leased ro a d s.
1,293,435
1,144,009
E lim ination grade cross.
202,818
210,09S
M iscella n eou s__________
157,886
255,328
-
T otal assets__________
79,976,462
L ia b ilitie s —
Capital stock (see “ R y .
& In d u s.” se c tio n )___ 27,787,871
B onds (see “ R y . & I n d .”
section) _____________ 30,710,744
R eal estate m ortgage___
594,800
3,450,000
N otes p a y a b le__________
Prem ium on B. S M.
c
S t o c k s o l d _____ ______
2,837,219
Current b i l l s ___________
1,444,598
U npaid w a g e s __________
662,477
A cct. bonds to be issued.
1,006,944
T o pay B .Sc L .R R . bds_
______
D ue co s., individuals,& c. 1,460,626
D ivs. and int. unclaim ed
21,409
A ccru ed int. & rentals__
718,641
R en t leased rds. July 1__ 1,206,675
B on d interest due July 1
274,060
D iv. on com .stk. July 1 _ _
411,415
Dease accts.,sundry R R s. 1,823,079
In ju ry fu n d ____________
150,000
Contingent fu n d ________
410,592
Suspense a cco u n t______
801,228
Sinking fu n ds__________
996,689
A ccrued ta x es__________
615,804
Tm prov’t fu n d Concord
& Mon. R R __________
______
P rofit and loss__________
2,591,591
T o ta l----------------------- 79,976,462
— V . 83 p . 491, 379.
[V O L . L X X X III,
C H R O N IC L E
1904.
$
50,202,762
10,645,054
1,305,676
121,522
2,483,453
962,729
1,339,337
3,393,065
1903.
^
49,398,262
10,758,655
1,285,558
121,521
2.440.944
953,812
1,239,882
3,461,592
3,730,387
1,103,320
150,136
170,424
3,998,006
1,096,044
208,951
194,132
76,505,855
75,607,863
75,157,359
27,787,871
26,987,871
26,987,871
30,808,744
594,800
600,000
31,405,008
594,800
1,700,000
30,499,955
594,800
2,350,000
2,837,219
1,788,929
576,936
2,272,219
1.396,624
709,932
2,272,219
1,564.488
611.311
500,000
1,437,722
20,925
711,944
1,182,727
264,956
411,415
1,823,079
150.000
141,937
862,214
925,464
584,834
1,269,709
21,917
720,001
1,182,286
268,789
397,411
1,823,079
150,000
65.010
828.965
1,698.187
577,980
1,122,402
34,457
737,629
1,179,223
246,206
397,385
1,775,329
150,000
94,553
853,198
1,504,032
560,270
2,494,141
1,538,075
56,865
1,565,165
76,505,855
75,607,863
75.157,359
Maine Central Railroad.
(.R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1906.)
President Lucius Tuttle, Sept. 7 1906, writes:
General Results.-—T h e increase of receipts from all sources, as com pared
with those of the previous year, was $556,810, indicating continued pros
perity throughout the section o f territory served by It. O f this increase
$188,402 cam e through the passenger departm ent. $368,034 from freight.
During the year 7,052 tons (55 miles) of new steel rails have been laid in
main tracks; 305,666 ties have been laid, 66.5 miles of track have been
raised and thoroughly re-ballasted, and 8.52 miles o f sidings have been
added.
E quipm ent.— The follow ing additions to equipm ent have been made:
11 new locom otives, 17 passenger, baggage and mail cars, 1 dining car,
762 freight cars and 18 service cars. T w o locom otiv es have been broken
up and tw o sold, and 150 freight cars and 12 service cars have been d e
stroyed.
T h e constant grow th in traffic calls for prop ortion ate additions to its
rolling stock, as well as for the replacem ent and contracts therefor were
made to the value o f $828,027.
Delays in construction prevented a co m
plete delivery thereof during the year, but the am ount due under these co n
tracts for the undelivered p o rtio n - $271,003— has been included in the
year’s operating expenses.
Improvem ents.— Second track is in process of construction for about 5
miles between East N ew port and Etna, and the cost of com pleting this—
$103,518— has also been included in the year’ s operating expenses. The
reconstruction and enlargem ent of the ferry slips at Bath and W oolw ich is
in progress and $159,485 therefor has been included in the year’s operating
expenses. Enlargem ent of our shops at T h om p son ’s Point In Portland
will soon be com pleted, and the unexpended balance o f the con tract price
of this w ork, am ounting to $71,551. Is also included in the year’s operating
expenses. The new passenger station at Bangor and the enlarged terminals
there are being rapidly con stru cted, and in addition to the am ount hitherto
appropriated therefor, $100,000 is included in the year’s operating e x
penses.
O P E R A T IO N S , E A R N I N G S A N D E X P E N S E S .
1905-06.
1904-05.
1903-04.
1902-03.
Miles operated June 3 0 - .
816
816
816
816
Operations__
N o. tons carried ( r e v .)-5,114,891
4,731,443
4,454,794
4,244,227
do
1 mile (re v .)448,482,922 396,734,697 368,389,837 341,087.600
R ev. train load (tons) - _
282.76
263.08
252.66
234.18
A v . rate per ton per mile
1.03 cts.
1.07 cts.
1.09 cts.
1.13 cts
T otal passengers carried
3,585,158
3,446,683
3,240,181
3,083,604
do do
1 m ile____128,306.840 120,787,694 115,966,451 111,961,235
55.84
Passengers per train mile
56.52
54.24
58.40
A v . rate per pass, per m.
2 . 0 0 cts.
2.01 cts.
2.03 cts.
2.05 cts.
Earnings from —
$
$
$
$
2.492,322
Passengers _ _____
- _ 2,628,633
2,401,042
2,338,688
F reigh t_________________
4,289,365 * 4,045,094
4,657,399
3,893,778
Express and mails
369,623
317,531
327,425
308,694
T ota l ______
7 ,655,655
Operating E xpenses a—
O ffice and p rop erty____
265,632
Gen. exp. of transport’ll
403,702
Pass, tra n sp o rts e x p ___
436,735
Freight tra n s p o rts exp_
643,542
M otive power e x p ______
1,506,153
M aintenance o f cars____
365,886
M aint. of way S stru ct’s 1,583,408
c
New equipm enta828.027
Taxes
__ _
272.820
7,099,218
6,773,561
6,541,160
243,931
353,344
403,040
611,143
1,481,535
359,694
1,231,753
191,764
260,400
209,200
286,730
382,922
594,499
1,520,234
276,307
1,091,414
740,237
240.000
180,833
245,218
377,083
587,725
1,433,293
262,729
1 ,153,466
641.920
226,590
T otal
_ N et earnings- _ __ _
Other incom e _
___
5,136,604
1,962,614
237,049
5,341,543
1,432,018
218,061
5,108,857
1,432,303
193,324
2,199,663
1.650,079
1,625,627
631,860
545,876
300,000
50.000
(7)348,366
144,694
643,110
545,876
643,110
545,876
f - - 4-----
(7)348,348
29,440
(6)298,575
29,440
2,020,796
178,867
1,566,774
83,305
1.517,001
108,626
6,305,906
1 ,349,749
237,424
T ota l
_ _
1,587,173
Deduct—
Interest
_
617,960
R ents
_
___
_ _
551,186
New Bangor station ____ j See fo o t- ]
N ote charged off
_ \ note a
(7)348,369
D ividends
___
Sinking fund13,440
T ota l
Surplus _
___
1,530,955
56,218
a Extraordinary Expenditures included with Operating E xpen ses—
Operating expenses in 1905-06 include S557.024 for new equipm ent
received and $271,003 for additional new equipm ent in process o f con
struction, a total of $828,027 (this total com paring w ith $191,764 in 190405). Other extraordinary items included in operating expenses in 1905-06,
aggregating $434,554, were:
F or com pletion of second track betw een East N ew port and Etna,
in process of constru ction _________________________________________ $103,518
For new ferry slips at Bath and W oolw ich , M e ., now being b u ilt -_ 159,485
For enlargement of shops at T h om pson ’ s P oin t, P ortland, now
being co m p le te d .__________________________________________________
71,551
For terminal im provem ents at B angor______________________________ 100,000
The total am ount of extraordinary expenditures included in operating
expenses in 1905-06 was thus $1,262,581. against $191,764 in 1904-05:
bu t in 1904-05 there were also charged against- net incom e extraordinary
items aggregating $350 000 of w hich $300 000 for new- station at Bangor.
G E N E R A L B A L A N C E S H E E T J U N E 30.
1906.
1905.
|
1906.
1905.
8
1 Liabilities—
Assets—
$
8
S
Construction and
(Stock (Ry. & Ind.
equipment____ 17.180,437 17.180.437i section )_______ 4.988,000 4,988.000
Stocks and bonds. 1,107,625
819,149; Bonds (Ry. S Ind.
c
Cash •___________
_
432.755
748,0561 section )_______ 11.892.192 11,892.192
Notes receivable..
901,81S
806,818! Current liabilities.
483,066
426.510
Materials and sup1Aud. vouch.. &c__
404,651
576,S91
p lies__________ 1.001,711
S30,963 Int.. rents, taxes.
Agents and con<fcc., not due_
_
390.010
381,754
156,253
d u c to r s -..------157,7031 Sundry lease acct.
104.934
104.934
Traffic balances. _ 320,029
269,735) Injury fund. . .
175,000
125,000
Companies and inSinking funds___
389,006
360.793
145,394
dividuals------151,6571 Eouipment acct__
293,003
336.260
389.006
Sinking funds----360.7941 improvem’ t acct. _
726,603
470.10S
50,517
39,721 ' Contingent fund. _ 489.052
Other items______
432.835
173,035
91,427
1Other accounts.*. _
; Profit and loss___ 1,176,993 1,17S,32S
1
T ota l.. _______ 21,685.545 21,365,032 j Total___ ______ 21,685,545 21,365,032
— V. S3, p. 623.
St. Louis Southwestern Railway,
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1906.)
President Edwin Gould, Sept. 15 1906. writes in substance
General.— In view of the large expenditures charged against m aintenance
incidental to im provem ent o f the roadw ay, buildings and equipm ent, and
to the shortage in the cotton crop and other conditions, the financial results
for the year are m ost satisfactory. The com pletion of the im provem ent
w ork now under w ay will place the prop erty in excellent condition for safe
and econom ical operation, and ultim ately result in increased net earnings.
[Tables in the report (pages 47 and 48 ) state the am ounts expended in
1905-06 for “ renewals and im provem en ts” as $450,993 against $330,396 in
1904-05. For “ betterm ents’ ' (page 26) there was expended on capital
accou n t $1,051,005, on accou n t of which $1,381,005 first consols were sold
at a discount of $330.000.— Ed.]
Funded Debt.— The funded debt, has been increased $2,958,000 as follow s:
First consolidated m ortgage bonds issued to acquire equipment
trust n otes_________________________________________________ $1,282,000
Issued to reimburse treasury for advances for permanent
b e tte rm e n ts _________________________________________________ 1,326.000
Shreveport Bridge S Terminal Co. first m ortgage bon ds— guaran
c
teed by St. Louis Southwestern R y . C o.— Issued on account
of construction of a steel railroad bridge across R ed R iver, at
Shreveport, L a ________________________________________ _______
350,000
815
THE CHRONICLE.
O c t . G 1906.]
Equipment Trust Obligations. — All of the equipm ent trust obligations In
th e ha nils of the public June .H 1905. $1,058.55-1. were acquired from the
O
proceeds of the sale of first consolidated m ortgage bonds (am ount paid to
acquire $1,005.859). these notes being deposited with the trustee as security
for the new bonds.
Equipm ent trust notes aggregating $193,000 were
issued for the purchase of equipm ent, and represent the entire amount In
the hands o f the public at the close of the year. These notes are also
subject to funding by Issuance o f first consolidated m ortgage bonds, as
provided In the m ortgage.
E n sign T u n s RR. — N egotiations for the acquisition of the Eastern
T exas R H .. extending from Lufkin to Kennard, T exas. 30.3 miles, were
concluded on Sept, t 1906. and this com pany assumed control of that line
through purchase of all of its capital stock. This short line originates a
heav\ lumber traffic, and will be a valuable feeder to the system .
O utijok. — At the date of this report the crop prospects are excellent,
and business conditions generally point to Increased earnings.
Vice-President and General Manager
Sept. 1 1906, wrote in substance:
F.
H.
Britton,
E arnings.— Gross earnings for the year Increased $129,333. or 1 .4 0 % .
as com pared with the preceding fiscal year. Passenger earnings decreased
$ 6 8 .HLL or 8.8 4 % . due to the fact that during live m onths of the preceding
year the sale of St. Louis W orld 's Fair tickets increased the passenger
earnings approxim ately $250,000: also to the strict yellow fever quarantine
regulations in effect from Aug. 1 to O ct. 23 1905. Freight earnings in
creased $121,740. or 1 .8 5 % . notw ithstanding a heavy shortage In the
cotton crop, the earnings from the transportation o f cotton showing a
decrease of approxim ately $400,000: and also the yellow fever quarantine.
The operating expenses increased $480,471, or 7 .7 2 % . The expenditures
for m aintenance of w ay and structures increased $327,112. or 2 4 .7 2 % ,
averaging $1,257 per m ile of main track against $1,014 for the preceding
fiscal year. Tills increase is attributable to the replacing of 56-lb. steel
rail with new 75-lb. steel rail, to the increased number of cross-ties placed
In track, and to extensive repairs and renewals of bridges and buildings.
The charges to m aintenance of equipm ent the preceding year show an
increase of $227,576. or 2 3 .6 6 % .
(The average cost of m aintenance of
equipm ent was: L ocom otives. $2,040 each, against $1,941 in 1904-05:
passenger cars, $636. against $601: freight cars, e tc ., $51, against $35.—
E d.)
Shren r-or: Bridge S Terminal C o .— For the new bridge o f the Shreveport
z
Bridge <: Terminal Co. across the R ed R iver at Shreveport, La. (in which
X
this com pan y owns a controlling in terest). all the superstructure material
has been received and five of the eight piers had been com pleted at the
close of the fiscal year.
R apid progress should now be m ade, provided
no further delays from high w ater or other causes are encountered.
Duluth South Shore & Atlantic Railway.
( R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1900.)
Results of operations for four years were as below:
O P E R A T IO N S , E A R N I N O S , E X P E N S E S , &c.
1905-06.
1904-05.
Operations—
1903-04.
1902-03.
618 ,337
Revenue pass, carried
554,093
603,308
641,210
Revenue pass, car d 1 m. 34.413,938 31,019,854 3 3,388,599
35.327,390
2.694 CtS.
2.673 cts.
2.654 cts.
Rate per pass, per mile
2.733 cts.
2,853,536
R ev. freight tons carried 3,281.506
i .960,749
2,457.565
T on s carried 1 mile
22 7,172,246 178,924,895 1-12,010.610 148,858.714
0.85 CtS.
0.939 Cts.
A y . rate per ton per mile
1 . 0 1 0 cts.
1.058 cts.
Earni tigs—
$
$
$
$
1,641,392
1,393,523
Merchandise freight
1 ,339,500
1 ,281,902
302,733
300,009
Iron ore freight
171 .789
259,549
951,132
853,238
Passenger
993,879
913,473
162,518
154,165
157,448
Mai), exp. and misceL.
179,146
Gross e a r n in g s ______
Expenses—
Malnt. of way & stru ct.
Maint. of equipm ent _
C onducting transport’ ll_
General expenses______
3,057,775
2,706,935
2,524,612
2,772,135
477,303
265,377
1,234,838
79,942
436,316
227,768
1,107,043
81,578
406,722
219,31 1
1,041 ,804
81,619
433,516
236,446
1 ,001 .693
86,435
Operating expenses _
P. c. of exp. to earnings.
Net earnings
___
Other incom e _ _ __
2,057,460
(67.29)
1,000,348
14,536
1,852,705
(68.44)
854,230
15,774
1,749,456
(69.3)
775,156
11,483
1 ,758,090
(63.4)
1,014,045
14,665
Net in com e__________
Deduct—
I n t e r e s t ..
______
Taxes
___
_____
1,014,886
870,004
786,639
1,028,710
878,716
292,471
859,823
216,734
859,700
210,392
859,700
200,214
1,076,557
1 ,070,092
d e f.2 0 6 ,553 d e f.2 8 3 ,453
1 ,059,914
d e f.3 1 ,204
T o t a l _____
Balance _____
1.171,187
________
.
. . def.156,301
_
_
BALANCE SHEET JUNE 30.
1906.
1905.
1906.
1905.
Assets—
$
Liabilities—
$
$
$
Road & equipm’ t .46,161.076 45.526.2S9 Common stock. - . 1 2 ,0 0 0 , 0 0 0 1 2 ,0 0 0 , 0 0 0
Mack. Tranp’ n Co.
237.372
237,372 Preferred stock. - . 1 0 ,0 0 0 , 0 0 0 1 0 ,0 0 0 , 0 0 0
Lake Super. Term.
Bonds & car trusts23.406,493 23,241,312
& Transfer R
2$. 100
22,300 Canadian Pac. Ry.
Character of Steel Rail in M ain Track June 30tli.
Lake Mich. & Lake
guar. int. adv ’ce 3,589.395 2,9S5,115
M iles—
S3-lb. 75-lb.
70-lb. 60-lb.
56-lb. 35-lb.
Total.
Superior R y ___
7,663
7.663 Canadian Pac. Ry.
1906
8.95 708.48
30.67 6.15
519.21 33.94
1.307.40
323.012
532,295
532,2951 general accounts
198.013
1905
8 .95 617.04 30.67 6.15
610.65 33.94
1.307.40 Mineral Range Ry.
56,798
56,463| South Sh. Land Co
197.008
143,994
1904.
8.95 615.47
30.67 6.15
605.39 36.30
1,302.93 Ste MarieUn.D.Co.
Western Exp. Co.
25,000
25,0001 M. II. & O. Lands.
7.271
9,249
Current accounts
Bills payable_
_
10.500
16.000
Ballast and Bridges in M ain Track June 30.
and miscellan's.
509.949
606,2391 Current accounts.
630.297
452.675
C inNat.
247,4431 Accrued interest &
Material _______
356,805
M iles—
Rock. Gravel. ders.
Soil. Bridges. Trestles. Total.
Profit and loss----- 2.616,756
2,460,4201 taxes ______
367,837
675,125
1906
1 46.7S
610.08 72.32
428.91 1.30
48.01 1,307.40
|
1905 ______________ 121.75 639.04
68.02 429.27
1.25 48.07
1,307.40
Total assets----- 50,531,814 49,721,484! Tot. liabilities -.50,531,814 49.721.484
1 9 0 4 _______
111.32 592.72
60.68 488.98
1.20 48.03
1,302.93 — V. 8 3 ,p . 687.
S ta tis tic s
of
O p e r a t i o n . — Operations,
earnings,
charges,
etc., have been:
Nashville Chattanooga & St. Louis Railway.
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 , ETC.
(R e p o r t fo r F i s c a l Y e a r e n d in g J u n e 30 1906.)
1905-06.
1904-05.
1903-04.
1902-03.
1 ,452
A verage miles operated .
1,418
1,304
1,291
Operations—
1 ,380.126
Passengers carried_____
1,436,149
1,670,509
1,318,313
Passengers carried 1 mile 71.869.707 83,286.676 60,460.489 54,759,712
Rate per pass, per m ile.
2.38 cts.
2.14 cts.
2.44 cts.
2.44 cts.
2,593,546
2,855,520
T ons freight m o v e d ,a ...
2,802,522
2,659,950
do
do
1 m U e.a_683,297.713 613.965,742 508,377,628 502,219,465
R ate per ten per m ile .a .
0.98 cts.
1 . 1 0 cts.
1.07 cts.
1.13 cts.
252
Av.train load (rev .)ton s.
280
267
253
$0,916
$0,804
Earns, per pass, train m_
$0,855
§0.748
§2.812
Earns, per fght. train m_
§2.769
$2,892
§2 .8 8 8
Gross earnings per m ile.
$6,193
$5,868
$5,036
§6,248
a N ot including com pa n y's freight
Earnings—
$
$
§
$
1.337,732
P a ss e n g e r______________
1 .713.474
1,781,937
1 ,475,485
6,698.723
5,538.014
6,576,982
5,729,620
F r e i g h t ________________
Mali, express, e t c ______
577,367
501,312
444,380
402,828
The report, dated Sept. 1 1906 and signed by President
J. W . Thomas and Chairman E . C. Lewis, says in substance:
T o ta l____ _____
Expenses—
Transportation
_____
Maint. o f equ ipm en t___
M aintenance o f w a y , &c.
General
____
___
8,989,564
8,860,231
7,649,482
7,278,575
3,433,387
1,189,334
1,650.466
426.257
3,440.619
961,757
1,323.354
493,643
2,673,280
975,390
1,399,384
373,543
2,560,940
828,015
1,424,686
442,522
______
T otal
Per cent exp. to earns. _
Net earnings___________
Other in c o m e _____
6,699,444
(74.52)
2,290,120
162,586
6,219.373
(70.19)
2,640,858
182,975
5,421,597
(70.88)
2,227,888
76,469
5,256,164
(72.21)
2,022,411
182,602
2,452,706
2,823,833
2,304,357
2,205,013
248,178
218.195
174,515
161,751
1,476,260
1,373,076
1,304,600
1,297,200
130,420
130,420
130,460
31 .213
58,320
130,420
25,000
131,414
T o t a l_______________
Deduct—
_____
Interest on first and
cons, m ortgage bonds
Interest on second m ortgage incom e b o n d s___
Equipm ent paym en ts. _
Rentals <c m iscellaneous
5
T o ta l_____
_____
Surplus _ f l ____ 4 ________
1,886,071
500.035
1,780,011
1,043,822
1,765.949
538,408
51,228
1,640.039
a N ote.— The charges as a bove include the Interest paid on the second
m ortgage incomer-bonds held by the public, w hich the com pany charges to
profit and loss. T he surplus for tlie several years as above Is therefore
less than the surplus shown by the Income account in the pam phlet report
b y Just that am ount.
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.
1906.
$
R oad and equ ipm en t_____ __________ 71,105,457
G ray's Point Term inal R y
500,000
Shreve. Br. & Term , usage righ ts_____
350,000
5,739
Investm ents in stocks and b on d s.
3.444.302
_ 1.089.553
A d v a n c e s ________________
853.482
Cash . . . .
_________
. 1.199,056
A ccou n ts collectible ____ _
949,077
Supplies and materials
57,564
M iscellaneous_ * r _ . _____
_
1905.
$
69,724.452
500,000
1904.
$
68.440.192
380,000
5,59 9.308
2,331 ,987
894.192
1.341 .481
849,481
657,838
Cl ,214
5,620,244
12.153,546
1 ,479,501
389,967
731.134
823,588
58.754
.85,288,384
XUUl)
_____
L iaollilies- 2 0 ,0 00,000
Preferred stock . _____
C om m on s t o c k ......
.....
16,500
Bonds (see “ Railway & Industrial"
sectio n )_
_ . . ________
____ _
.42,233,250
Reserve funds - . ______
387,030
193,000
Equipm ent trust notes .
Interest ora b o n d s . . .........
4 69.806
Sundry accounts payable.
1,778 365
Credit of incom e a ccou n t.
. . . _____ 3,731,933
81.950,953
90.077,226
2 0 ,0 0 0 , 0 0 0
2 0 .0 0 0 . 0 0 0
16,500,000
10.500,000
39,275,250
236,051
1,058 .33 1
409.799
1.275,361
3,145,155
81,959.953
_
Assets—
Total _____
— V 285 I p . 273.
.85,288,381
The increase in percentage o f expenses to earnings for the past tw o years
has been on account of $817,735 expended in 1904-05, and $1,289,421 e x
pended in 1905-06, for additions to prop erty, included in operating e x
penses. D educting these am ounts, the percentage o f operating expenses
was for 1904-05 66.60 and for 1905-06 63.53 (instead o f 74.68 and 75.13).
The additions to property during the year, $1,289,421, include side tracks,
$248,909: buildings, $106,871: trestles and bridges (less cost o f old b rid g es),
$77,001; rolling stock , $762,234; rem ainder, various.
The property is in excellent con d ition , $2,108,514 having been
expended for m aintenance o f way and structures, which is an average
o f $1,721 per mile o f m ain line. There were 38.61 miles o f new
80-lb. steel laid in the main line, replacing lighter steel, the entire cost
being charged to repairs. There were 641,713 cross-ties used in renewals,
and 67,706 In im provem ents; 173,356 cu bic yards o f ballast were put In
the track and 8,930 yards used in filling banks, and 1,677 lineal feet of
trestle filled.
Extensions.— The W ard R R ., extending from Swan Creek on the Centreville Branch, to W a rd ’s phosphate m ines, nearly 2 m iles, was purchased
from the Charleston, S. C ., Mining 8c M anufacturing Co. for $17,500, and
extended about 2 miles to Bond Place.
The lease of the Chattanooga Term inal R y . having expired A u g. 15 1905
this com panyhas constructed an Industrial track, 6,250 feet lon g, at Chat
tanooga, accom m odating all industries heretofore reached b y the C hatta
nooga Term inal, except one. This new track opens up considerable p rop
erty in the m anufacturing district o f Chattanooga. The Sydn ey Street
industrial track at Chattanooga is nearing com pletion.
O P E R A T IO N S A N D F IS C A L R E S U L T S .
1903-04.
1904-05.
1905-06.
1902-03.
1,226
1 ,2 0 1
1,195
Miles operated June 30__
1,226
Equipment a —
234
224
211
L ocom otives
240
214
201
192
Passenger cars.
_ _
220
8,049
7,740
8,508
7,243
Freight cars- ..................
32
Other cars_ _ ......... .........
39
28
42
Operations—
1,947,102
1 ,756,514
2,089,720
2,107,966
Passengers carried_ . .....
Passengers carried 1 mile 84,795,942 87,692,940 80,860,145 69,499,286
2.44 cts.
2.45 cts.
2.54 Cts.
Rate per pass, per mlle_
2.55 cts.
4,950,386
5,321,052
5,246,994
Freight (tons) carried
5,603,498
Freight (tons) 1 m ile_ 903,406,005 796,272,087 849,295,187 846,052,482
_
0.9 cts.
8 . 8 Cts.
0 . 8 6 cts.
Rate per ton per mile
0.9 cts.
$8,249
$8,498
$8,033
Gross earnings per mile_
$9,071
§ 1 16
$1 08
$ 0 96
Earns, per pass, train m.
SI 15
$1 85
§1 92
$1 90
Earns, per freight tr. m.
$ 1 85
a Also owns 2 steamers , 3 transfer barges, 1 w harf boat.
Earnings—
$
$
$
2,023.032
2,192,832
Passengers _________ _ _ 2,207,804
7,504.730
7,187,463
F reigh t.
8.104.876
732,761
678,261
808,302
Mail, express, rents, &c_
$
1.807,801
7,234,640
563,929
Total gross earnings - 11,120,982
Expenses—
M aintenance o f way
1 ,601 , 6 6 6
1 ,338.283
Maintenance o f equ ipm 't
Conducting transportat’ n 3.874.606
General
250,937
A dd. to prop, and equip.
1 .289,421
10,113,056
10,206,023
9,606,370
1,540,724
1 ,270,008
3,681,996
242.187
817,735
1 .456.792
1 .1 36.968
3,655,599
229,472
1 ,1 0 2 ,2 0 0
1 ,183.698
987.224
3,480.129
217,485
1 ,127,068
Total expenses.
P. c . of exp. to earnings.
Net earnings
Incom e from Investin'ts
8,354,913
(75.13)
2,766,069
18,455
7,552,650
(74.68)
2,560,406
18,931
7,581.031
(74.28)
2.624 .992
18,297
6,995,604
(72.82)
2,610,760
22.066
Total Incom e.
Disbursements
Interest
Taxes
Rentals
Bonds retired and mlsc
Dividends on stock
2,784 .524
2,579,337
2.643,289
2,632,83
43.325.750
147.347
5.020.245
45 1,414
1 ,687.265
2.342.205
950.680
218.990
624 .862
36 ,000
(5)500.000
955,980
218.754
625.878
30,000
(5)500,000
956,648
225.01 4
625,878
67.628
(4)400,000
972.828
2 10,840
625,878
26.000
90,077,226
Total disbursements
Balance, surplus. .
2,330,532
453,092
2,336,612
242,725
2,275.163
368,126
1 ,835.350
797.182
THE CHRONICLE
816
C O N D E N S E D B A L A N C E S H E E T J E X E 60.
1906.
1905.
1904.
$
$
$
A ssets—
28,140,103 28,140,103 28,077,699
R oad and equ ipm en t.
934,398
882,792
904,245
Securities ow ned, at cost
162,704
150.792
156,528
R eal esta te. .... ...........
603,245
973,193
569,281
Materials and supplies. _
271,495
301,563
251,744
Due from station agents
16,757
25,827
38,884
Notes r e c e iv a b le .......... ..
41,908
35,605
44,294
T raffic balan ces.............
291,286
343,654
325,120
A ccou n ts receivable.
855,807
997,377
1,477,165
Cash on hand.
159,878
58,141
105,135
U nadjusted claim s. - - _
177,047
—
—
Pad. & M. D iv. im pr’t s .
1903.
$
27,853,919
960,398
178,454
594,418
315,091
26,228
41 ,727
296,350
725,232
63,251
177,047
T o t a l --------------- 32,407,627
Liabilities—
1 0 ,0 0 0 , 0 0 0
Capital stock.
16,019,000
_
_
Funded debt
____________
N otes p a y a b le ------396,500
Coup. & other int. aecr’ d
250,000
D ividend payable_____
19,288
Dividends unclaim ed.
A u dited vouchers, pay1 ,252,441
rolls & accts. p a y a b le.
115,637
T ra ffic balances_
_
38,818
Reserve for doubtful a c’ ts
1 1 0 ,0 0 0
Taxes accrued, not du e.
4,205,942
P rofit and lo s s ._____
31,513,918
31,592,224
31 ,232,116
1 0 ,0 0 0 , 0 0 0
1 0 ,0 0 0 . 0 0 0
16,121,000
1 0 ,0 0 0 , 0 0 0
16,088,000
396,745
250,000
18,947
400,143
18,493
18,164
812,619
64,689
29,957
770,741
89,600
101,359
834,718
62,367
15,639
3,852,961
3,890,889
32,407,627
31,513,918
31,592,224
----- -T o t a l ----— V. 8 6 , p. 376.
____________
_________
16,021,000
282,042
400,281
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e
Total ..........,31,936,600 3 1,016,0451
T otal
_____ 31,936,600 31,016,045
y Total bonds, $19,624,000; less ow ned, $1,142,000; outstanding, $18,482,000.— V. 83, p. 6 8 8 . 562.
New York Dock Company.
(R e p o r t fo r F i s c a l Y e a r e n d in g J u l y
31 1906.)
President David H. King Jr. says:
30 1906.)
Tncome.— There w as an increase in gross receipts o f rentals from railroad
tenants and others am ounting to $70,038, viz.: Baltim ore & Ohio R R . C o.,
$2,759; Chicago Great W estern R y . C o., $55; Chicago Junction R y . C o.,
$1,237: Pere M arquette R R . C o., $13,220; trackage, $2,122- rentals
from industries and incom e other than traffic, $50,645.
There wras an increase in gross receipts from traffic o f $151,682 as co m
pared w ith preceding fiscal year, of w hich $151,393 was produced by an
increase in the gross earnings from freight and switching from $820,909 in
1904-05 to $972,302 in 1905-06, the cars handled in 1905-06' num bering
230,383 against 203,491 in 1904-05, increase, 26,892, and the average
receipts per car in 1905-06 being $4.22, contrasting w ith $4.03 in 1904-05.
Operating E xpen ses.— E xpenditures for m aintenance of w ay and struc
ture, $10,759, equal to 7 .5 % .
During the year 38,000 cross-ties and 358
tons new 80-lb. rails have been used in renewals. M aintenance of equip
m ent expenditures increased $39,257, or 2 8 % ; conducting transportation
expenses increased $157,847, or 2 7 .1 % ; and general expenses increased
$6,592, equal to 6 . 8 % .
Track E lcvalion.— The estimated total cost o f this w ork, based upon
City of Chicago track elevation ordinances, is over $3,000,000. The work
was com m enced in June 1903 and u o to June 30 1906 there had been ex
pended $251,000.
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 .
1905-06.
1904-05. 1903-04.
1902-03.
N um ber passengers carried. . . 575,298
514,601
705,279
800,055
A verage received ner pass
9 cts.
1 0 cts.
S.7 cts.
9 cts.
Freight and sw itching—
. . 230,383
203,491
218.266
251,448
Cars handled _ _ .......
$4.22
A verage received per ca r.
$4.03
$3.93
$3.66
$
$
$
E arnings—
$
569,351
515,148
From railroad tenants _ ___ 588,744
629,077
98,238
123,376
Other tenants and in com e. _ __ 148,883
136,354
972,302
820,909
Freight and switching
857,514
921.543
51,616
51,904
61,749
Passenger .
. _
72,376
T otal earnings . . . . . . ..1 ,7 6 1 ,8 3 3
Operating E xpenses—
154,047
M aintenance of w a y , & c_ . ..
E quipm ent _
. ____ ... 179,412
C onducting tran sportation . __ 741,368
__ 103,486
General expenses
... 105,391
T axes
___
1,540,114
1,570,765
1,746,372
143,288
140,155
583,522
96,894
87.800
165,677
170.572
631.256
105,801
70,000
198,195
153,177
569,934
102,363
T otal expenses _____ ..1 ,2 8 3 ,7 0 4
Interest on m ortgage d e b t. _ __ 657,800
1,051,658
657,500
1.143,306
629,400
1,135,670
597,600
1 1 2 .0 0 0
1,941,504 1,709,158 1,772,706 1,733,270
Surplus net in com e_________ d ef.1 7 9 ,671 def. 169,045 def.201,941 sur.13,102
Hfe
B A L A N C E S H E E T J U L Y 1.
1906.
1905.
1804.
$
A ssets—
$
$
P roperty and franchises
46,604,939 46,418,054 46.105,512
____
128,872
Cash (including for coupons) ■ _
342.170
37,208
391,188
A ccou n ts receivable
390,787
323.652
210.284
A ccou n ts receivable (disputed)
_ ___
188,148
234,714
A ccou n ts accrued prior to April 17 1906.
14.816
116,471
Agents and conductors
90,131
90,658
33,775
Treasury securities_________
33,775
49,001
226,051
Materials on hand. _
208,578
246,517
292,444.
Profit and loss deficit. ____
112,773
New piers Nos. 10 and 11 and the adjoining bulkheads have been com
pleted at a cost of $239,605; additions have been made to the railroad term i
nal facilities in the construction of a new' terminal at B altic St. and exten d
ing the A tlantic Term inal at a cost of $88,200 30; Colum bia Stores, at the
fo o t o f Pacific S t., have been altered from grain stores to make them suita
ble for the storage o f general m erchandise, the cost o f w hich, including som e
m inor im provem ents on other portions of the property, was $16,219.
The sum of $56,628 has been charged ofT for depreciation.
Owing to the requirem ents of the New York Fire Insurance E xchange,
the warehouses now used for the storage o f cotton will need certain im prove
m ents, including the addition o f an au tom atic sprinkler system ; these im
provem ents will m aterially reduce the cost of insurance on the buildings
and the cotton stored therein; the board o f directors has therefore set aside,
out of the earnings for the fiscal year ending July 31 1906 a renewal fund of
$150,000 to be applied to this work.
The board of directors has declared a dividend of 2 % on the preferred
stock , payable Oct. 15 1906 to stockholders o f record at the C o-e o f business
on O ct. 1 1906.
IN COM E A C C O U N T EOR T H E Y E A R E N D IN G J U L Y 31.
1905-06.
1904-05.
1903-04.
Gross earnings from storage of grain &
$1,670,446
m dse., wharfage, rents, R R .. &c__ $2,130,980 $1,845,171
$
Expenses—
$
S
7,973
W arehouse repairs_______ ___________
16,673
18,555
25,537
18.966
14,209
D ock r e p a ir s ^ .._____________________
2 1 .108
19,819
14,256
D r e d g in g ____________________________
67,932
66,876
68,019
Insurance________ ________________ . _ _
293,615
303,076
288,886
T axes _ _,_____ - ___ ^
___ ______
476,020
402,251
Other operating expenses____________
456,480
T otal expenses_____________________
N et earnings_____ _ ^------------------ - —
Deduct—
Interest on 1st m ortgage 4 s __________
D ividends on preferred stock ____: ___
D epreciation ch a rg es-__ . ___________
M iscella n eou s_______________________
D iscount on bonds sold - ____ ________
899,596
1,23 T, 384
875,574
969.597
806.060
.864,386
468,575
(3)300,000
56,628
£34,512
10,902
463,200
(2 ) 2 0 0 , 0 0 0
463.200
(2 ) 2 0 0 . 0 0 0
49.313
Balance, su rp lu s___________________
R enew al f u n d ________________________
360,767
150,000
281,207
144,354
B a la n c e _______ _______________ _
210,767
281,207
144,354
13.000. 000 13,000,000
17.00. 0.000 17,000,000
16,239,000 16,239,000
282,211
303,218
614,498
312,258
66,707
70,038
66,746
93,820
210,291
265,345
---------108,554
Northwestern Elevated Railroad, Chicago.
30 1906.)
The results for three years past compare as follows:
(R e p o r t fo r F i s c a l Y e a r e n d in g J u n e
Y E A R S E N D IN G J U N E 30.
1905-06.
1904-05,
T otal passengers carried____________ 29,132,871 26,812,825
79.816
D aily average
73,460
Passenger earnings _ . . . . .
$1,456,454 $1,340,446
Other earnings (incl. L oop net earns.)
492,273
445,968
1903-04.
25,497,079
69,664
$1,274,684
450,245
T o 'a l earnings _ . . . .
$1,948,727
Main enance of w ay and structures .
$65,092
M aintenance o f equipm ent
147,387
C onducting transportation
415,556
General expenses
77,538
$1,786,414
$63,720
85,851
400,538
66,519
$1,724,929
$58,968
67,097
383,898
56,114
T otal operating expenses---------------$705,573
$1,243,154
___- Net earnings _
.
a Taxes
_ . .. _ _________ _
$171,624
Bend interest
_______
_.
____
783,467
Other interest_____ __________________
7,566
$616,628
$1,169,786
$163,521
779,379
9,727
$566,077
$1,158,^52
$161,153
779,350
15,096
$952,627
$217,159
$955,599
S .03,253
2 1 ,2 1 1
3.978
7.519
x U nexpired insurance, taken credit for on July 31 1 9 0 5 /'
B A L A N C E S H E E T J U L Y 31.
1906.
1905.
[
19015.
1905.
AsseZs—
S
$
| Liabilities—
$
$
P rop erty _____ 27,994,911 27,735,360 ; Com. s t o c k . . . 7,000.0-00
7 .0 0 0 ,onQ
Term , p rop ’ty
550,000
494,257 j P ref. s t o c k .__ 10,000,000 10.000,00.0
Cash in b a n k .
508,918
403,921 : First m ortgage
Bds. in treas’y 1,200,000 1,420,000 1 b o rifs
13,000.000 13,000,000
A c c ’tsreceivT e
138,667
123,289 i A c c ’ ts p a y ’ble
15,529
14.023
A cor’d storage,
|Due railroads.
18,858
16,754
w h a rfa g e,& c.,
I R ed H ook store
._
4,100
net _______
692,370
522,613! Renew al fu n d .
150,000
______
M iscellaneous262,999
2SS,1 3 7 : Surplus
1,163.473
952.710
T o ta l______ 31,347,865 30,9S7,587i
T o ta l_______31,347.865 30,987,587
• The A udit C om pany of New Y ork has m ade a full audit o f the book s
o f the com pany for the five years ending July 31 1906.” — V . 85, p. 767.
American Farm Products Co.
47,479,455 47,392,235
T otal lia b ilitie s .____________________ 48,018,841 47,479,455 47,392 235
— V. 82, p. 1155.
$962,656
$280,498
S H E E T (IN C L U D IN G LOOP D IV IS IO N )
J U N E 30 1906.
1906.
A 905.
1905.
Liabilities—
$
$
$
29.411,098 1Pref. sto ck . . 5,000,000 5,000,000
Common, stock 5,000,000 5,000,000
450,908
32,265 |Bonds .
. .7/18.482,000 18,424,000
| ortgages . . .
M
126,850
151,972
98.252
719,705 Kes’d for taxes
244,839
|Accred inter108,134
est on bonds
241,804
242,692
Res. for maint.
238,762
188,294
,
and
1A ccounts
21,578
notes p a y ’le. 1,297,297
873.901
| nadjusted acU
5,723
counts, <fcc _
16,885
272,357
; Profit and loss 1,301,434 1,020,937
BALANCE
1906.
A ssets—
$
R oad & e q u ip ., 0,133,940
3
Land & bldgs.
442,022
Stocks & bonds
82,515
Cash and bills
receivable .
746,529
A ccou n ts
rece lv a b le ____
121,443
Materials and
supplies on
h a n d ______
7,131
Fnadjusted accounts ____
403,018
31,232,116
Receiver John N. Faithorn, Sept. 9 1906, writes in sub
stance:
Total charges______________________
Surplus for y e r r _____ _ ______ _____
GENERAL
3,597,905
Chicago Terminal Transfer Railroad.
T otal assets_________^_______ i ______48,018,841
Liabilities—
Com m on s to ck ___________________________ 13,000,000
Preferred s t o c k ___________________________17,000,000
Funded debt (see “ R y . & In d .” section) .16,239,000
V ouchers and p a y -rolls___________________
188,459
Interest m atured and accru ed ___________ 1,220,023
Taxes accru ed ___________________________
83,047
74,142
Bills p a y a b le ____ ________________________
Contingent reserve fu n d & m iscellaneous
214,170
P rofit and lo ss, s u r p lu s .. _ _______________
______
The report for* 1905-06 says concerning the statem ent for that year:
“ The above figures include $71,100 set aside in m onthly installments as a
reserve for future betterm ents and m aintenance, $41,700 on m ain line and
$30,000 on L oop division .”
2 0 0 ,0 0 0
________________
[VO L. L X X X IIL
(R e p o r t f o r F i s c a l P e r i o d
e n d in g J u n e
1 1906.)
This company, an enlargement of the American Butter
Refining Co., incorporated in New Jerse}' in January- 1905,
has an authorized issue of $15,000,000 common stock, of
which $10,000,000 is outstanding and $2,000,000 7 % noncumulative preferred stock, of which $1,000,000 outstanding
— par of shares, $100— and $2,000,000 5% debentures, of
which $1,000,000 has been issued (see description below).
President Henry D. Cooke, at the first annual meeting,
June 20 1906 said in substance:
The com pany has acquired (in fee) and is now operating the following
renovated butter plants and businesses, v iz .: W . F. R oos C o., Chicago, ill.:
Illinois Creamery C o., Elgin, 111.; E ben F. D udley, Owosso, Mich.: -Alfred
G. WesslLng, K enton, Ohio; Bigelow Butter C o., B oston. Mass.; Purity
Creamery Co. (A. H . Barber & C o .). Chicago, 111.; Scherm erhorn-Shotwell
C o.. Des Moines, Iowa (also various creameries in M ichigan.— E d/.
These
plants have had an annual prod u ctive capacity o f about 2 0 .0 0 0 . 0 0 0 pounds
o i butter, which has been and can be still further extended. The present
daily capacity is not less than 100,000 pounds. Other similar plants are
being acquired, but none o f the negotiations have as yet reached com
pletion. The processes of m anufacture at the various plants differed in
m any details, but they all follow ed the fundam ental requirements covered
b y our patents. A m ore uniform process em bracing all the advantages
peculiar to each plant is now being introduced.
In the patent infringement suit brought b y the form er owners o f the
Cam pbell patents against A . H. Barber & C o., Chicago, a judgm ent has
been entered in favor o f this com pany, as successor in interest, and a
perpetual injunction granted. A similar infringem ent proceeding has been
instituted b y this com pany against the S. P. P ond C o., o f K eokuk, Iowa;
and other similar suits are contem plated.
The individual managem ent o f the various plants remains the same as
when the plants •were acquired, but all are under the supervision and control
o f “ The W estern Board o f M anagers,” the members o f which are the
“ General Manager” and the managers o f the larger plants. The W estern
Board meets at our “ General Offices” in the R ailw ay Exchange Building,
Chicago; the “ E xecutive Offices” being at 52 B roadw ay. New Y ork City.
r n' -
o
a
t
~
■
}
~
1
po- '
•
•
-
-
- '
^
O c t . 6 1900. |
f. further S I,000,000 o f debentures has been authorized, when and as a d d i
tional cash capital ma\ be required. (All the debentures are dated Jan. 1
i )06 and are due Jan. 1 1916. but are su bject to call on and after Jan, l
ion s at 102 q : denom ination 51.000; Interest payable July l and Jan. 1 at
office o f Morton Trust C o., trustee.— E d.'
Most of the plants were actually taken over only during the past few
m onths, and the time prior to June 1 1900 was devoted to organization
and prelim inary work. Our fiscal year com m enced on that date, and It
1' anticipated that the reports o f the tlrst w orking year will show most
gratifyin g results.
D irectors and O fficers.
Directors: L. H. A m y tH. A m y A C o.. Bankers); Paul D. Beresford:
Grant Hugh Browne; H enry D. Cooke; Eugene Del Mar; John H . Flagler:
\ p. D. Hamon: Francis Henderson tHenderson, Llndley & C o .. Bankers';
\
James H. .Morse (President American Trading C o .': Thom as Sturgis (Prcsl
c m Continental Finance C o .', all of New Y ork: Sir Frederick Borden,
Ottawa: Kben F. D udley. O wosso. M ich.: H orace \V. Honsliaw. Chicago.
President. James R . Morse; First V ice-President, Heart D. Cooke;
Second Vice-President. H . L. W iley: Treasurer, Grant Hugh Browne:
Secretary. Eugene Del Mar: General Manager. H . L. W iley. E xecu tive
Com mittee: James R . Morse. Grant Hugh Brow ne. Henry 1). Cooke,
F. .gene Del Mar and John IT. Flagler. W estern Board of Managers:
Horace W . Hens haw W .'airm an . Lym an B. K ilbourne, Eben F. D udley,
W . I. M oody and H. L. W iley .— V . 82, p. 630.
GENERAL
817
T H E C H R O N IC L E .
IN V E S T M E N T
NEW S.
Catskill Mountain R y . — F i r s t D i v i d e n d o n I n c o m e B o n d s
1S97. A dividend of $13,870 for the fiscal year ended
June 30 1906 was declared Sept. 1.5 1906 and paid Sept.
2 0 on the $238,000 1st income bonds.
Rate 5,S281%.
The last previous distribution on these bonds was made in
Sept. 1897. There are only $39,000 first, mortgage bonds
outstanding. C. A. Beach is Secretary, Catskill, N. Y.
Central Counties Railway Co.— A e w B o n d I s s u e P r o p o s e d .
-Formal notice is given of the company’s intention to apply
to the Parliament of Canada at the next session for an Act
sin ce
am ending the Acts relating to the com pa n y so as to authorize the Issue of
bon ds, debentures or other securities o f the com pany secured by m ortgage
upon sections 1 and 3 of its line of railw ay, for an am ount not exceeding
512.500 per mile o f each of said sections, and to ap ply the proceeds In the
paym ent or redem ption o f the outstanding bonds or ihe com pany and for
other purposes o f the com pa n y , and to extend the tim e for com pletion of
the com pa n y's lines o f railw a y.— V . 79, p. 2746.
Chattanooga Southern R R . — N e g o t i a t i o n s f o r S a l e . — A sale
of this road to the Louisville & Nashville has been negotiated
for the sum of $1,250,000, of which $50,000 is cash and 81,200,000 in 50-year 4% bonds, of a total authorized issue of
82.000.
000. The remaining 8800,000 of bonds will be re
served for extensions anti improvements.
RAILROADS, INCLUDING STREET ROADS.
The road extends from near Chattanooga to G adsden, A la., and with
Akron Barberton & Western R y.— G u a r a n te e d B o n d s branches has about 100 miles. It was sold in foreclosure In 1905 and pu r
chased b y the reorganization com m ittee at a cost, in cluding various In
P l e d g e d .— See Northern Ohio Traction & Light Co below.
debtedness. o f S600.000.
Bondholders were assessed 2 5 % o f their holdings
(see V . 61,
it Is
Alabama City Gadsden & Attalla Street R y.— B o n d I s s u e . and stockholders S2 a shareInterest, and p. 830). These assessments price
proposed to repay with 6%
the balance o f the purchase
—The shareholders will meet in Birmingham, Ala., on Oct. 1.5 will be m ostly required to p a y the §600,000 debt w ith ten years’ interest,
by the reorganization com m ittee.
to vote on a proposition to make a new mortgage to the Trust which rvas advanced §1,440,000 first m ortgage bonds. AThere were o u t
standing altogether
circular signed
Company of America. New York, as trustee, to secure an by K. C. Osborn. Secretary, 31 Nassau Street, asks holders o f the certificates
with the
order
issue of 8300,000 first mortgage 5% gold bonds, of which o f deposit to com m unicatecourse.— V Secretary In V . 65, that th ey m ay re
ceive an accounting in due
. 63. p. 401;
p. 823.
8200.000 are to be issued forthwith to retire the existing
Chattanooga Terminal R y.— E x p i r a t i o n o f L e a s e . — See
872.000 6 % bonds (subject to call at any time), and to pro report of Nashville Chattanooga & St. Louis Ry. on a pre
side for the purchase of equipment and the construction of
ceding page.
a new line from Gadsden to Noccalula Falls, 5 miles, &c.
Chicago & Alton RR.— R e p o r t . — See “ Annual Reports”
The com pa n y owns 11 miles o f trolley track, connecting Gadsden
A ttalla, Alabam a City and Black Creek Falls Park: it also furnishes power on a preceding page
for lighting and owns an ice plant and coal yard. Capital stock authorized
D i r e c t o r s . —The old board was re-elected at the annual
j.Viii.nOO. o f w hich there will presently be outstanding 5330.000. all of one
class: par o f shares. 5100. The new bonds, we are inform ed, w ill be dated meeting on Oct. 2, but J. J . Mitchell being now a Rock Island
N ov. 1 1906 and mature In 1936. but will be su bject to call at 105 on any man, the Rock Island has six directors against five for the
Interest date.
Interest payable May 1 and N ov . 1 at office of trustee.
This is in accordance with the
D enom ination 51.000. The m ortgage will cover all p roperty, now ow ned Harriman representatives.
or hereafter acquired: 5100.000 of the bonds will be reserved for future agreement for the alternation of control.
See V. 83, p. 686.
additions, being issuable at not exceeding 90 % of cost thereof. President,
G. H. Schuler, and Secretary. R. D. Carver. Birm ingham . Ala.; Treasurer.
Chicago & North Western R y.— N o S t o c k I s s u e P r o p o s e d .
E. T. Schuler. G adsden. Ala.
— The proposed authorization for an increase of stock at
Atchison Topeka & Santa Fe R y.— D i v i d e n d I n c r e a s e d .—- the meeting Oct. 18 is due tot he fact that the management,
The directors on Oct. 2 declared a semi-annual dividend of having issued during the last year the balance of the stock
2 1o% on the common stock, payable Dec. 1 to holders of previously authorized, desires to make provision to meet
record Nov. S. This increases the annual rate to 5%, con future requirements.
There is no intention of issuing
trasting with 3 Y o .°/c *n the calendar year 1901 and 4% any new stock in the near future, there being nothing in
since.— V. 83, p. 621, 662.
contemplation requiring such an issue. The reports of rights
Atlanta Birmingham & Atlantic RR.— A c q u i s i t i o n .— The are officially said to be without any foundation.— V. 83,
Atlanta Birmingham it Atlantic RR. has acquired the p. 625, 565, 559.
Eastern Railway of Alabama and the Alabama Northern
Chicago Southern Ry. — N e w M o r t g a g e . —The company has
R y.. the two roads together extending from Talladega to filed a mortgage to the Girard Trust Co. of Philadelphia, as
Ashland, Ala., 32 miles, and operates them as its Alabama trustee, to secure an issue limited to $5,500,000 of 30-year
Division.— V. 83, p. 35.
5% gold bonds, dated July 1 1906, in denominations of $1,000
Boston & Maine R R .— B o n d s f o r R e f u n d i n g , & c . — The each, to be guaranteed principal and interest, by endorse
shareholders will vote Oct. 10 on issuing 8500,000 bonds for ment, by the Southern Indiana Ry. This is the first step
refunding and other purposes, as stated in the annual report in a plan to complete the road to Chicago. The date for
the resumption of work has not yet been fixed.
on a preceding page.
The Massachusetts Railroad Commission has authorized
The new bonds are subiect to call at 1 0 2 ’ !; and interest on any Interest
selected b y lot on 60
the company to issue 8152,000 bonds to purchase the Dan- day, as a w hole or in any part, to be trust bonds, dated days’ notice. The
§4,000,1)00 outstanding collateral
July 1 1905, are
vers RR. Co. and 8306.000 bonds to purchase the Newbury- given a prior and superior lien under the new m ortgage to the bonds issued
under the latter. ’ ’ N o m ore than bonds Nos. 1 to 4,000. both inclusive,
port R R .— Y. 83. p. 491. 379.
aggregating the sum of §4,000,000 (which are reserved to retire the colla t
Canada Atlantic Ry.— L e a s e d L i n e to I s s u e B o n d s . — See eral trust b on d s.— E d .) , shall he issued b y the com pany or certified by
the trustee until all of said collateral gold bonds shall have been surren
Central Counties Ry. below.— V. 83, p. 36.
dered. paid and canceled. * * ~ W henever all o f said outstanding collat
bonds have been
to the trustee or the am ount of
Canadian Pacific Ry.—- D i v i d e n d s f r o m I n te r e s t o n L a n d eral trustand interest due andsurrendered shall have been paid in cash to the
principal
to fall due
S a l e s . — The management has announced its intention to trustee, the trustee shall cancel and surrender all such bonds received b y
distribute, beginning in 1907. 1% yearly on the common it.” — V . 83, p. 36.
Chicago Subway Co.— L o a n R e p l a c e d a n d E n l a r g e d .—
shares from the iirterest received on land funds and land con
tracts, l 2 % to be paid semi-annually. April 1 and Oct. 1, The Chicago “ Inter-Ocean” of Sept. 30 says:
The S3.000,000 loan m ade against §4,000,000 o f the Chicago Subway
along with the dividends from railroad receipts.
bonds,
1. has been
am ount
President Shaughne>sv at the annual meeting on Oct. 4 com pa n y 's w hich isand due Dec. give the comrenew ed, with an in cash.
additional
sufficient to
pa n y §2,500,000
The renewal is dated to expire In Dee. 1907. The com pa n y 's bonds secure
said:
the fresh loan.
E a r ly in J u ly t h e b a la n c e r e q u ir e d t o r e d e e m y o u r 3 Y> % la n d -g r a n t b o n d s
w a s d e p o s i t e d w it h t h e G o v e r n m e n t , s o t h a t a ll y o u r la n d s a r e n o w fr e e fr o m
a n y in c u m b r a n c e w h a t s o e v e r .
S in c e J u n e 30 1 901 y o u h a t e r e d e e m e d
b o n d s t o th e a m o u n t o f 5 1 7 .8 3 1 .0 0 0 o u t o f t h e p r o c e e d s o f la n d s a le s , a n d
d u r in g t h e s a m e p e r io d th e b a la n c e d u e t h e c o m p a n y o n a c c o u n t o f la n d s
s o ld h a s I n c r e a s e d f r o m 5 3 ,4 6 7 .0 0 0 t o 5 1 6 ,3 8 2 .0 0 0 . o n w h ic h w e a r e r e
v i v i n g In te r e s t a t t h e r a t e o f 6 % p e r a n n u m .
T h e p r in c ip a l su m r e a liz e d
fr o m t h e s a le o f y o u r la n d s s h o u l d , in t h e o p i n i o n o f y o u r d ir e c t o r s , b e p e r
m it t e d t o a c c u m u l a t e a n d b e I n v e s te d s o a s t o g i v e y o u th e b est In te r e s t
r a te c o n s i s t e n t w ith s a fe t y u n til s u c h a t i m e as a n a p p r o p r ia t e p la n c a n
h r e v o l v e d f o r Its u t iliz a t io n : b u t th e In te re st o n b o t h th e c a - h r e c v lp fs a n d |
d e fe r r e d p a y m e n t s , w h ic h a r e in c r e a s in g m o n t h b y m o n t h , s h o u ld b e re
m en t N o t e s
g a r d e d a s a v a ila b le r e v e n u e t o b e dr-alt w it h as y o u m a y th in k ties
It is e v id e n t n o w t h a t t h e r e c e ip t s f r o m th is s o u r c e w ill, d u r in g th e
y e a r , b e a b o u t e q u a l t o 1 % o n th e o r d in a r y s h a r e c a p it a l.
In tn e c u r r e n t
y e a r y o u r d ir e c t o r s p r o p o s e t o d is t r ib u t e t h is 1 % t o th e s h a r e h o ld e r s In
s e m i-a n n u a l I n s t a llm e n ts o f l , " o e a c h o n A p r il 1 a n d O c t . 1.
&
A u t h o r i z e d .—The stockholders at the annual meeting
authorized the issue of 4C debenture stock for the con
j
struction of branch lines in the West and the leasing of the
following small lines in Ontario and Quebec, aggregating,
it is said, 166 miles: Georgian Bay & Seaboard Ry.,
W alk erton & Lucknow Ry.. Berlin Waterloo \ elh-dny tt
\
Lake Huron Ry. and Joliett & Brandon Rv. President
Shaughnessey stated that no part of the 85,090.900 of
surplus earnings appropriated last year for ext n-i m- and
improvements had been used prior to June 30 1906.— V. 88
p. 500, 489.
Canton-Akron Consolidated Ry.~ E a r n i n j
A " ' Bon I .
—See Northern Ohio Traction & Light Co. abov .—V. 83,
p. 435
The new refunding plan is held In abeyance.
The new loan, it is stated, bears 6% interest and is for
85.500.000, of which $2,500,000 for new money and $3,000,000 to take up the old loan; collateral, $7,000,000 Illinois
Tunnel bonds, making, With the $17,000,000 of these sold,
a total of 824,000,000 issued out of 830.000,000 authorized.
— V. 83. p. 379, 212.
Cincinnati Hamilton & Dayton R y . — P a y m e n t o n E q u i p
.—The semi-annual interest and also the install
ment of principal. 854,000, due October 1, on flic car trust
issue of 1905 was paid at maturity at the office of J. P.
Morgan
Co.— V. 83. p. 36.
Cleveland Cincinnati Chicago & St. Louis R y.— E x t e n s io n .
— The company has arranged to build a new double-track
ne from Evansville to Mount Carmc 1, Ind. , 30 mi es in
i’his wil give
•ng th, at an estimated cost of 83 000 ,000.
le road the shortest 1ine to Chic a 50 f rom 111! ■ coa l ai id oil
elf s of Eastern Illinois
Work vill beg n this m onth,
nd the road is expected to be in o] 3eration by Aug . 1 1907.
-V
a , p . : 51 . 687.
Tr
Connecticut Railway & Lighting Co. — R e p n r t — ]■ o fiscal
f*H ”s ending Juno 30:
F t teal Y cdr
f 03 05. . .
t
>04 05.
-V. 82. p 1437
(Irasn
Earnina
?.
$2,490,3 1
........ 2.121,0 15
E a rn lil(JS.
§1.098 302
814 881)
TtPZP. *
F hi r JI’S.
$7 11. 14 1
674, 109
B alance,
irp lu s.
§380,951
140,580
818
THE CHRONICLE.
Cumberland Valley R R . — A cq u is itio n .— T h e sh areh old ers
on O ct. 1 v o te d to a p p r o v e th e a cq u isitio n o f the fra n ch ises,
p r o p e r ty , righ ts and cred its o f th e C u m b erla n d V a lle y &
W a y n e s b o ro R R . —-V. 77 , p . 1873.
Danbury & Harlem Traction Co.— .Very D irectors.— A t th e
a d jou rn ed sto c k h o ld e r s ’ m eetin g h eld in D a n b u ry on O c t. 27
v a riou s ch an ges w ere m a d e in th e b o a r d o f d ir e c to r s . T h ose
elected and th ose retired are sh ow n below :
E le cte d : S. B. Q u ick an d W . H . I. H o w e , o f N orth S alem , N . Y .; S. A
C oe, o f R id g e fie ld , C on n .; E . G. R ussell an d C. E . L en t, o f N ew Y o rk ;
and E d w a rd v o n G al, P hilip S im o n , D. B. L oew e and .John M cL ea n , o f
D a n b u ry .
R e tire d : G. H . Joh n son , o f P h ilad elp h ia; A . R . L aw , o f N ew Y o rk ;
R . D . D e m crl, o f P ro v id e n ce ; and Joseph A . S erra, o f D a n b u ry .— V . 83
p . 36.
Detroit Mackinac & Marquette RR. Land Grant.— Interest
R ed u ced .— A s fo re s h a d o w e d la st w e e k , th e sem i-a n n u a l
in terest p a y m e n t d e cla re d S e p t. 29 on th e $ 1 ,4 3 2 ,0 0 0 la n d
g ra n t b o n d s is o n ly 1 % in stea d o f
, w h ich has been th e
sem i-an n u al rate sin ce O c t. 1902. T h e b o n d s are d e p e n d e n t
fo r th e p a y m e n t o f p rin cip a l a n d in terest on th e in co m e fro m
sale and ren t o f la n d s.
See re p o r t in V . 83, p . 4 3 3 .— V . 83,
p . 751.
Freiberg & Workum Co., Cincinnati— In co rp o ra ted .— This
c o m p a n y was in co r p o r a te d June 27 to co n tin u e th e business
o f F reiberg & W o r k u m .
T h e a u th o rize d ca p ita l s to c k is said
to b e $ 5 0 0,000 5 % cu m u la tiv e p referred an d $ 1 ,2 0 0 ,0 0 0 c o m
m on s to ck ; p ar va lu e o f shares $100.
In c o r p o r a to r s : J. W a l
ter F reib erg , M aurice F re ib e rg , B ern h a rd F re ib e rg , D . J.
W o rk u m and Jon as B . F ren k el.
B usiness, w h olesa le liq u o r .
Gray’s Point Terminal R y .— N ew B onds — S upplem en tal
A g reem en t.— T h e sto ck h o ld e rs on O ct. 2 v o te d (1) to m ak e
a m ortg a g e to secu re n o t e x ce e d in g $ 4 ,0 0 0 ,0 0 0 first re fu n d in g
an d ex ten sion m o rtg a g e 5 % 5 0 -y ea r g o ld b o n d s , to b e g u a r
an teed , p rin cip a l and in terest, b y th e S t. L ou is S ou th w estern
R y (th e p resen t b o n d issue is $ 5 0 0 ,0 0 0 — see V . 69, p . 1062;
V . 65, p . 4 1 3 ); (2) to m a k e a su p p le m e n ta l a g reem en t or
lease p ro v id in g fo r th e use o f th e term in a ls a n d o th e r p r o p
erties fo r fifty years fro m A u g . 1 1906 b y th e S t. L . S o u th
w estern .— V . 69, p . 1062.
Great Northern R y . — L ease of Ore L a n d s.— See U n ite d
S tates Steel C o rp o ra tio n u n d er “ In d u s tria ls ” b e lo w .— V . 83,
p . 492.
Hocking Valley R y . — D ep osits U ntil N o v . 3 0 .— T h e tim e
fo r d ep ositin g s to c k o f th e H o c k in g V a lle y R y . a n d o f th e
K a n a w h a & M ich igan R y . C o. w ith J . P . M organ & C o .,
u n d er th e term s o f th e plan o f m erger, has been e x te n d e d to
an d in clu d in g N o v . 30. See p lan V . 8 3 , p . 271.
N ew D irecto r.— H . R . W ils o n h as b e e n e le cte d a d ire cto r
to su cceed Charles S teele, 'who d e clin e d r e -e le c tio n .— V . 83,
p . 751.
Interborough Rapid Transit Co., New Y ork. — M erg er of
S u bsid ia ries.— See N ew Y o r k & L o n g Isla n d T r a c tio n C o.
b e lo w and co m p a re V . 8 2 , p . 1 5 5 .— V . 83 , p . 155, 152.
Lexington & Boston Street R y . — New B o n d s.— T h e M assa
ch u setts R a ilro a d C om m ission has a u th o rize d th is c o m p a n y
to issue $150,000 fo r 5 % 2 0 -y e a r b o n d s to ta k e u p flo a tin g
d e b t in cu rred fo r co n str u c tio n a n d to p u rch a se new e q u ip
m e n t.— V . 83, p . 155.
Long Island Electric R y . — C on solid ation .— See N ew Y o r k
& L o n g Isla n d T r a c tio n C o. b e lo w .— V . 7 7 , p . 511.
Louisville & Nashville R R .— P rop osed A cq u isitio n — N ew
B ond I s s u e .— See C h a tta n o o g a S ou th ern R R . a b o v e .— V . 83,
p . 4 9 2 ,4 3 2 .
Market Street Elevated Passenger Railway, Philadelphia.
— Installm ent C alled.— T h e b o n d s y n d ic a te has been called
u p o n b y th e sy n d ica te m an agers fo r 3 0 % o f its su b scrip tio n ,
agg reg a tin g $ 3 ,0 0 0 ,0 0 0 .
T h e issue consists o f
delph ia R a p id T ra n sit
S 3,675,000 on a c c o u n t
(See V . 83, p. 75 0).
$1 0,00 0,00 0 4 % b o n d s , due M ay 1 1955. T h e P h ila
Co. during the y ea r ending June 30 1906 receiv ed
o f th e sale o f b o n d s o f the M arket Street E lev a ted
See V . 80, p . 1235.
Marquette County Gas, Light & Traction Co.— Sale
October 2 3 .— A press re p o r t fr o m N eg a u n ee, M ich ., an n ou n ces
th a t th e p ro p e rty w ill b e o ffered at p u b lic sale on O c t. 23
u n d er ord er o f th e U n ite d S tates C o u rt. C om p a re V . 82.
p . 509.
[VOL. L IX X III,
(3) P urchase o f p rop erty at m atu rity o f b on d s; o r, in ev en t o f v io la tio n
o f an y term s o f lease, at a p rice to redeem ou tsta n d in g b on d s.
The Maryland Electric Railways Co. lias a franchise giving it fail power
and right to construct and operate electric street railways In the city of
Baltimore, with the approval of the City Council, and also owns the Balti
more & Annapolis Short Line R R .. subject to bonds reserved in the treasury
to equip and electrify the road. The United Railways & Electric Co. of
Baltimore, the lessee, reported last year net earnings of nearly $1 ,000,000
in excess of fixed charges, or 5 times the amount of interest required to pay
the interest on the present issue of Maryland Electric Railway 5s.
Messrs. V en a ble, B aetjer & H ow a rd and D . K . E ste Fisher o f B a ltim ore
have rendered a legal op in ion th at th e rentals under th e lease arc p ay able
b y the United R a ilw a y s & E lectric Co. o f B altim ore In p riority to T<- in
terest on the in com e b on d s o f th a t c o m p a n y .— V . 83, p. 4 9 2 ,3 2 5 .
Massachusetts Electric Companies.— A n n u a l D ividends
from S u b sid ia ries.— T h e su b sid ia ry co m p a n ie s— the B o sto n
& N orthern and O ld C o lo n y S treet R a ilw a y com p a n ies and
th e H y d e P ark E le ctric L ig h t C o m p a n y — on S e p t . 28 d eclared
an nu al d iv id e n d s a m o u n tin g to $ 7 1 0 ,4 06 (equ al to 8 .4 % on
the p re f. s to c k o f th e p a re n t s t o c k ), as again st $372 448 in
S ep tem b er 1905 (V . 81 , p . 1242, 1 7 2 1 ). T h e “ B o sto n N ew s
B u re a u ” o f S e p t. 28 said:
T h e net earnings o f the (op eratin g ) com p a n ies for 11 m on th s am i the
estim a ted earnings fo r S ep tem b er show su bstan tially 51 .00 0 .0 0 0 .
O ver
$200,000 o f this am ou n t w ill be charged off against r e con stru ction a:.cl the
ba lan ce cred ited to surplus.
B y this d ecla ra tion the M assachusetts E lec
tric C om panies will h ave a surplus o f a rou n d $9 00,0 00. Borne a c tio ;: will
p ro b a b ly be taken b y th e tru stees this year to p ro v id e fo r the 1 0 % a c c u m u
la tion up on the p referred s to ck , p r o b a b ly b y m eans o f scrip b on d s or news t o c k , m ost likely th e latter. T h e resu m p tion o f p referred d ivid en d s n ex t
year at the 4 % rate, w ith th e 1 0 % a ccu m u la tion out o f th e war
c o n sid
ered as p ra ctica lly certain .
A cq u isitio n .— T h e M a ssach u setts R a ilro a d C o l . . : " i o n
has au th orized th e B o s to n & N orth ern S treet R a ilw a y to
issue $383,200 n ew s to c k in ord e r to p u rch a se th e G eorg etow n
R o w le y & Ip sw ich an d th e L o w e ll & W o b u r n street ra ilw a y s,
g iv in g $240,000 th e r e o f, share fo r share, fo r th e Ip sw ich
C o m p a n y , and $ 1 4 3 ,2 0 0 , sh a re fo r sh are, fo r th e L ow ell
C o m p a n y .— V . 83, p . 626.
Metropolitan W est Side Elevated R R ., Chicago.— P a y
ment on L o a n .— P resid en t H etzler a n n ou n ced o n S e p t. 27
th a t on M on d a y la st th e c o m p a n y w o u ld m a k e a p a y m e n t o f
$200,000 due on th e loa n fr o m th e F irst N a tion a l B a n k
an d secured b y th e d e p o sit o f ex te n sion b o n d s . T h is re
d u ced the a m o u n t o f th is loan to $ 4 0 0 ,0 0 0 , w h ich falls du e
in six m o n th s.— V . 83, p . 323.
Newtown Electric Street R y .— Sale— Re-Organization.—
T his p ro p e r ty wras sold b y th e S h eriff at D o y le s to w n , P a . , on
A u g . 10 and was b id in b y H e n r y E . W o o d m a n , P resid en t o f
th e U n ion R a ilw a y S u pp lies C o ., fo r $ 1 ,0 1 0 . O n S e p t. 29
th e c o m p a n y w as reorg a n ized w ith th e fo llo w in g d irectors:
T h om a s P . C ham bers, P resid en t, an d A lex a n d er C h a m bers. A. \Y.
W a ts o n , George C. W o rs ta ll, T . S. E n d erd in e. E . H . B u ck m a n , all o f N ew
to w n , an d H. E . W o o d m a n , o f P h ila d elp h ia , d irectors.
New York Central & Hudson River R R .— F irst E lectric
T rain Reaches Grand Central S ta tio n .— On O c t. 1 tire first
ele ctric train w as run fr o m H ig h B rid g e to th e G ran d C entral
S ta tion . V ice -P re sid e n t W ilg u s is q u o te d as sayin g:
T h e trip was th o ro u g h ly su ccessful.
I am sure th a t w e sh all h a v e the
electric trains regularly run ning b y N o v . 10. T h e self-p rop ellin g cars fo r
th e su burban service are c o m p le te d , and are o f steel.
O f cou rse the cars
used w ill be the usual P u llm an and d a y coach es.
T h e k in d o f en g in e I
d rov e t o -d a y costs 5 0 % m ore th an an ord in a ry en g in e, b u : th e repair
costs are trifling in com p arison w ith th ose o f a steam engine.
In o u r tests
at S ch en ectad y w e h ave sh ow n th a t th ey h a v e 2,500 h orse-p ow er, or 1 .ooo
liorse-p ow er m ore than th e best lo c o m o tiv e .
T h e y are c a p a b le o f a soeed
o f 84 m iles an hour.
W e m ad e 50 m iles on the v ia d u c t y este rd a y .
The
staff still has several years o f electrical w ork to c o m p le te , an d U is w ell
pleased w ith the show ing o f to -d a y .
N ew Stock— Im provem ent W o r k .— T h e N ew Y o r k S tate
R a ilro a d C om m ission on T h u rsd a y a u th orized th e c o m p a n y
to increase its lim it o f ca p ita l s to c k fr o m $1 5 0 ,0 0 0 ,0 0 0 t o
$ 2 5 0 ,0 0 0 ,0 0 0 , a n d ‘ to issue at the p resen t tim e s to c k to th e
a m o u n t o f $ 2 9 ,8 3 9 ,5 6 0 , w h ich in clu d es $557,500 on h an d
o f th e aforesaid $ 1 5 0 ,0 0 0 ,0 0 0 . T h e fo llo w in g is con firm ed :
V ice-P resid en t John C arstensen testified as to the ex p en d itu res m ad e
fo r im prov em en ts since th e last issue w as au th orized .
H e said th at the
a ctu al p aym en ts to ta le d $1 8,0 0 0 ,0 0 0 , and fu rth er expla in ed th at th e im
prov em en ts now being m ad e w ou ld cost $5 1,00 0,00 0 and th e new e q u ip
m ent $9,000 ,000 , m aking a. to ta l o f $ 6 0,00 0,00 0.
V ice-P resid en t W ilg u s
said th at the electrification o f the m ain and bran ch lines fr o m th e G rand
C entral term inal, w h ich in clu d ed the c on stru ction w o r k , w o u ld fo o t up
$ 7 0,00 0,00 0, and it w as in ten d ed to ex pen d $2 0,00 0,00 0 o f th e a d d ition a l
$1 00,000,000 asked fo r on th e oth er p rop osed im p r o v e m e n t:.— V . S3,
p . 688, 324.
New York & Long Island Traction Co.— Exchange of Stock.
— T h e N ew Y o r k R a ilro a d C om m ission has a u th orized th e
c o m p a n y to in crease its s to c k fr o m $ 1 .0 0 0 .0 0 0 to $1 .6 0 0 ,0 0 0 .
in ord er to ex ch a n g e th e $6 0 0 ,0 0 0 n ew s to c k fo r s to c k o f
th e L o n g Island E le ctric R y . , w h ich is to b e a cq u ired .
See
page 57 o f “ Street R a ilw a y ” section and com p a re In te r b o r
Maryland Electric Railways Co. — Bonds O ffered .— A le x a n ou g h R a p id T ra n sit C o. in V . 83, p . 155; also V . 80. p . 2622.
der B row n & Sons are offerin g p r iv a te ly at 95 and in terest ,
New York New Haven & Hartford R R . — R ep o r t.— S ee
y ield in g a b o u t 5 3s % , a b lo c k o f th e first m o rtg a g e 5 % sin k
/
“ A n n u a l R e p o r ts ” on a p re ce d in g page.
ing fu n d g old b o n d s o f th e c o m p a n y d a te d O c t. 1 1906, due
M erger N ot Y et C onsum m ated.— T h e M assach u setts R a il
O ct. 1 1931, co u p o n s A p ril a n d O c to b e r , red eem a b le at 110
ro a d C om m ission has r e c e n tly held h earin gs on the p etition
and in terest, d e n o m in a tio n $ 1,000 e a ch , w ith p ro v isio n fo r
o f th e co m p a n y fo r p erm ission to p u rch a se th e N ew E n g la n d
registration o f p rin cip a l; M ercan tile T ru s t & D e p o sit C o. o f
R R . , n o w o p era ted u n d er lease, all o f its $ 2 5 ,0 0 0 ,0 0 0 ca p ita l
B a ltim o re , T ru stee. T h e b o n d s are issuable as fo llo w s:
s to c k , ex ce p t $16,200 co m m o n an d $100 p referred , b e in g
T o ta l au th orized issu e--------------------------------------------------------------$8,000 ,000
T o b e issued a b o u t O cto b e r 15, 19 06 ------------------ ----------- ___
1,0 00,0 00
o w n ed b y the N ew H a v e n .— V . 83, p . 750, 6S8.
T o b e issued up to an d in clu d in g Ju ne 30, 1908 .. ___________
R ese rv e d in trea su ry fo r fu tu re im p ro v e m e n ts an d e x te n
sio n s__________________________________________________________
3,0 00.0 00
4,0 00,0 00
T h e secu rity fo r th e b o n d s is d e scrib e d as fo llo w s:
S ecured b y an a b solu te first m ortg a g e on all p ro p e r ty , car ba rn s, term inal
station s and other b u ildin gs, n ew e q u ip m e n t, ex ten sion s and a d d ition s to
be acqu ired w ith the p roceed s o f the issue, and to be leased, un der a gree
m ent o f p u rch ase, t o the U nited R a ilw a y s o f B a ltim ore, w ith the e x ce p tio n
th a t an am o u n t n o t e x ceed in g $500,000 m a y be used to acqu ire and im p rov e
ear barns n ow used w h ich m ay b e su b je ct to an u n derlyin g lien, b u t n ot su b
ject t o th e m ortg ag e securing the U n ited R a ilw a y s -Is or in com e b on d s.
T h e p rin cip a l, interest arid sinking fu n d are guaranteed b y th e U nited
R a ilw a y s & E le ctric Co. o f B altim ore th rou g h a lease w h ich p rov id es:
fl) A nn ual rental a m ou n tin g to 6 % on cost o f p ro p erty . T h e U nited
R a ilw a y s agrees to pay in a d d ition th e co st o f m a in tfn a n ce and op era tion .
(2) Sinking fu n d , to begin in 19 10, o f 1 }A% o f outstanding b on d s.
New York Westchester & Boston (Electric) R y —New
D irecto r.— F . J. U s m a n , o f F . J. L ism an & C o ., h as b een
elected a d ire cto r an d m e m b e r o f th e e x e c u tiv e co m m itte e
— V . 82, p . 805.
North Chicago Street R R .— N otice to B ond h old ers .— F. ,J.
L ism a n & C o ., N o . 30 B roa d S t., b y ad vertisem en t on
a n oth er page, requ ests th e h old ers o f th e $1,500 ,000 first
m o rtg a g e 5 % b o n d s , w h ich w ere du e J u ly 1 1906, b u t w h ich
h a v e n o t been p a id , to co m m u n ica te w ith th a t firm , sta tin g
th e a m o u n t o f b o n d s h eld . I t is p ro p o se d to ta k e co n ce rte d
a ctio n to en fo rce th e b o n d h o ld e r s ’ lien on th e p r o p e rty .
819
THE CHRONICLE.
UCT. 6 1906.J
R e c e iv e r s 1 C a r T r u s ts .— F. J. Lisman ct Co. have pur
chased $440,000 0% receivers' car trust certificates o f the
North and the West Chicago Street Railroad companies, due
$110,000 yearly on Aug. 1 1907 to 1911. The proceeds will
be used in part payment for 100 new cars, to cost about
$540,000. the difference being payable in cash.— V. 83,
p. 088, 626.
W E x te n s io n o f T im e to D e p o s i t .— The bondholders' com
mittee announces that the time to deposit the refunding 4 1•< (
>
bonds with the Northern Trust Co. under the bondholders'
agreement has been extended to Oct. 10 1900.— V. 83,
p. OSS, 020.
Northern Ohio Traction & Light Co.— N e w S t o c k .— The
shareholders on Sept. 25 approved the proposition to in
crease the capital stock from $7,500,000 to $10,000,000.
Of the new stock SI .038,000 will be issued in connection with
the purchase of the Canton-Akron properties from the Tucker
Anthony syndicate per plan in V. 83, p. 435.
B on d s O ffe r e d . — Hayden, Miller & Co., Cleveland, are
offering at par and interest $600,000 of 6% collateral trust
coupon notes, dated Sept. 1 and due Sept. 1 1909. These
notes are secured by the deposit of $400,000 Northern Ohio
Traction & Light 4s, $335,000 Canton-Akron Consolidated
Railway Co. guaranteed 5s, $200,000 Akron Barberton &
Western R y. Co. guaranteed 5s. These bonds have a par
value of $935,000 and an appraised value of $740,000.
A circular says in part:
The bonds are secured on the following equipment: 5 ten-wheel passenger
locom otives, 10 standard wide-vestibule coaches, 5 standard mail and
baggage cars. 5 standard dining ears, 5 standard express cars. 500 plain,
flat cars. Cost of equipment, $608,350, on which $88,350 paid In cash.—
V. 83. p. 489.
Sioux City Homer & Southern R y.— S a l e .— This property
bid in at Sheriff's sale at Dakota City, Neb., on Sept. 26
by James A. Foye of Sioux City for $16,700. The rails, at
last accounts, were laid from South Sioux City to a point
about a mile west of Dakota City, about 634 miles, with
some 10 miles additional partly built.— V. 81, p. 1437.
Southern Indiana Ry.— N e w M o rtg a g e fo r C o m p letio n o f
R oa d to C h ic a g o . — See Chicago Southern Ry. above.— V. S3,
p. 273, 214. ‘
Southern Pacific R R .— R e fu n d in g . — Speyer & C . and
Kuhn, Loeb & Co., who last year purchased $75,000,000 of
this company's first consolidated refunding 4s (V. 80. p. 601 ,
1112), have purchased an additional $7,401,000 issued to
refund a like amount of Southern Pacific of California 6%
bonds due Oct. 1 1906.— V. 82, p. 629.
Toledo Peoria & Western R y.— N e w M o r tg a g e T r u s te e .—
The bondholders at a special meeting yesterday elected the
Farmers Loan & Trust Co. as trustee under the first mort
gage of 1887. Charles Moran and others were the former
trustees.— V. 83, p. 689.
United Railroads of Yucatan (Ferrocarriles Unifies de
j
Yucatan, Sociedad Anonima).— B o n d s O ffe r e d . — Ladenburg,
Thalmann & Co., 25 Broad Street, New York, are offering
Interest payable quarterly Dec. 1, e t c ., at the Citizens’ Savings & Trust
for sale an issue of $1,000,000 5% gold coupon notes of
Co.. Cleveland, trustee. Any of the deposited bonds m ay be withdrawn
upon payment of loan value (58, 65 and 75 respectively.— Ed.) and the $5,000 each, dated Sept. 1 1906, consisting of five series,
trustee must apply the money thus paid to the redemption on any interest
dav of notes of tills issue drawn by lot at 101 and interest on or before A to E inclusive, of $200,000 each, maturing one series each
Sept. 1 1907: thereafter at 100.75 and interest until and including Sept. 1 year on Sept. 1 from 1907 to 1911 inclusive; redeemable on
1908; and thereafter at 100.50 and interest until and including June 1 1909.
Principal and interest
The Northern Ohio Traction & Light Co. has no indebtedness except as any interest date at 101 and interest.
payable in New York, in United States gold coin. Coupons
represented herein.
Income Available for Interest on New Loans— Year ending A u g . 31 1906 March 1 and Sept. 1.
New York Trust Co., Registrar.
(except A . B . &
Nor. Ohio
Tr. & Lt.
Gross receipts_______________ $1,009,943
Net receipts__________________ $468,155
Interest on old bonds________
272,000
v,
W.)
C lev.-Ak.
Cons. Ry.
S647.8S7
$211,808
159,500
T otal
'x Akron
o f all.
Barb. & W.
$1,678,830
$21,000
$690,963
$11,000
431,500
----------
Balance available for interest
on new loans ____________ $196,155
$52,308 $11,000
$259,463
Deduct Interest on New Loans—
SI .025,000 Cleveland-Akron Consol. R y. guar. 5s_______________ $51,250
600,000 Northern Ohio Traction & Light Co. coll, trust n o te s ._ 36,000
Balance surplus on above basis
$172,213
Estimated results on the 7 miles to be ODened about N ov. 1.
The Canton-Akron Consolidated Railway Co. guaranteed 5% bonds are
dated J u l y i 1 0 0 6 and due Jan. 1 1933. Interest payable semi-annually
on Jan. 1 and July 1 at The Citizens’ Savings & Trust C o ., Cleveland, or
tlie First National Bank. New York. These bonds are a lien on the proper
ties south of Akron aggregating 91 y miles (V. 83. p. 435), and are guaran
teed, principal and interest, by the Northern Ohio Traction & Light Co.
It is estimated that the first year of complete control will show an increase
of $125,000 in net earnings of the properties south of Akron.
The Akron Barberton & Western R y. Co. guaranteed first mortgage 5%
bonds are dated July 1 1906 and due July 1 1933. Denomination $1,000.
A first lien on the line now building from Barberton through Wadsworth
to Seville, where connection will be made with the Cleveland & Southwest
ern Traction Co. system. Guaranteed, principal and interest, by Northern
Ohio Traction & Light C o., which owns the entire capital stock. The
authorized issue of these bonds is $500,000. but only $200,000 are issuable
against the property between Barberton and W adsworth (to be in operation
Nov. 1 1906) and the remainder are Issuable only when the road is extended
to Seville.— V. 83, p. 752, 688.
x
Oregon Electric Ry.— N e w P r o j e c t . — This company, in
corporated in Oregon on May 19 1906 with $ 2 ,5 0 0 ,0 0 0 of
authorized capital stock, is building an electric road for the
handling of passengers and freight from Portland, Oregon,
south to Salem, the capital of the State, a distance of 50
miles. It is expected to have the line in operation by July
1907. Moffat & White, the bankers of this city, have formed
a syndicate which has provided the funds for the project.
The details of the proposed capitalization have not been
made public. The company controls the Willamette Valley
Traction Co. The United Railways Co. of Portland (V. 83,
p. 563) is a distinct enterprise promoted by different inter
ests. See also the “ Electrical W orld" of New York for
Aug. 11 1906.
Pennsylvania Company.— C alled B o n d s . — Gold 33^% cer
tificates of 1901 to the amount of $1,334,000 have been called
for redemption and will be paid at par on Nov. 1 at the Girard
Trust Co.. Philadelphia.— V. 83, p. 156.
Philadelphia Rapid Transit Co.— See Market St. Elevated
Passenger Ry. above.— V. 83, p. 750, 688.
Providence Terminal Co.— C o n s tr u c tio n . — See report of
New York New Haven & Hartford RR. on a preceding page.
— V. 82, p. 929, 693.
St. Louis & San Francisco RR.— P a y m e n t o f B on d s —
O p tio n o f E x c h a n g e .— The $2,050,300 6% bonds due Nov.
1 will be paid on presentation at the office of Redmond
< Co., who offer the holders the option of exchange for the
fc
refunding bonds at 8334% and interest, the maturing bonds
to be taken at par and accrued interest to maturity, less
discount at 4% per am.am. The bankers reserve the right
to cancel the offer at any time.— V. 83, p. 752, 763.
St. Louis Southwestern R y.— A n n u a l R e p o r t . — Sec ‘ An
nual Reports" on a preceding page.
N ew G u a ra n teed B on d I s s u e . — See Gray's Point Terminal
Ry. aboy ■ V. 83, p. 273.
.
Seaboard Air Line Ry. - E q u ip m e n t Bond.* Offered
S. D.
Coring & Son o f Boston are offering the $520,000 equipment
trust 5% gold bonds, series “ H ," dated Sept. 1 1906 and ma
turing $26,000 semi-annually on March 1 and Sept. 1 , to Sept.
1 1916, inclusive; New York Trust Co., trustee.
w as
Abstract of Letter from Nicholas E scalan te, Director-General of Railroad
dated M erida, Sept. 1 1906.
The com pany Is free of mortgage, and these notes are issued to pay the
floating debt (incurred for the purchase of new m otive power and equip
ment and for the construction of the extension to V alladolid), and toward
defraying the cost of constructing branches, primarily one from Tzitas to
Tizimin or Espita, and toward building additional wharves and terminals
at Merida and Progreso. The note agreement provides that so long as
any of the notes are outstanding the com pany will not permit to be created
any indebtedness which will possess a lien on or becom e a charge upon the
property, franchises, concessions and plant, or any part thereof, equal or
prior to any lien or charge thereon of the notes issued thereunder; and it
also provides that the com pany will not mortgage any of its property except
with the consent of Ladenburg, Thalmann & Co.
The company was organized in N ov. 1892, and is a consolidation of
all the railroads in the States of Yucatan and Campeche, with the exception
of the line from Merida to P eto, 153 kilometres (95 miles). The capital
stock is $23,000,000, Mexican currency, on which dividends have been
paid as follows: 2.90% in 1904, 3% in 1905 and 1.8% for the first six
months of 1906.
The road consists of 487 kilometres (302 miles), 3 feet gauge, and 103
kilometres (64 m iles), 4 feet SY> inch gauge, total 590 kilometres (366 m iles),
together with all necessary appurtenances, as also terminal facilities at
Progreso controlling practically all the available water front with substan
tial pier and warehouse facilities. The equipment consists of: L oco
motives. 48; Pullman cars, 5; passenger coaches, 69; baggage cars, 13;
freight cars, 745; cabooses, 10.
R esu lts from op era tion (M e x ic a n C u rren cy) fo r the calen d ar yea rs 19048<£jl 90 5
1905.
1904.
Gross earnings from railroad___
_ _
_ ______ $2,439,914
$2,331,838
Operating e x p e n s e _______________________________ 1,758,062
1.760,232
Net earnings from ra ilro a d .___ ____ _________ _
681,851
571,606
Net earnings from terminals___________________
251,197
255,933
Total net earnings______________________________
934,049
827,538
Total net earnings per mile of road_____________
2,552
2.261
For the first 6 months of 1906 gross earnings increased $163,811, or
14.01% , and net earnings increased $97,219, or 2 2 .33% , over the same
period In 1904-05, though $48,407 more than in the first half of 1905 was
expended in maintenance of way and structures. The contemplated ex
tension to Tizimin will reach tlie sugar and coffee lands and should in due
time result In a material increase in earnings, while the proposed additional
terminals at Progreso and Merida will lead to more economical handling
of traffic and hence reduction in expenses. The Mexican Government ap
proved a new freight tariff, effective last March, which will prove advan
tageous as regards earnings. (Consolidated R R . o f Yucatan, V. 75, p.793.)
United Railways & Electric Co. of Baltimore.— B o n d s o f
Maryland Electric Co. above.—
V. 83, p. 753, 563.
*
H E F
S u b s id ia r y — L e a s e .— See
Wisconsin Central R y .— S a le o f S t o c k .— The .syndicate,
represented by W m . A. Bradford Jr. of Cincinnati, Presi
dent of the Chicago Cincinnati & Louisville R R .; Geo. M.
Gumming, President of the United States Mortgage & 'Trust
Co.; T. L. Chadbourne Jr. and George A . Fernald. which ac
quired last year a large interest in the stock of the Wisconsin
Central, has purchased the holdings of Edward Sweet & Cm,
Maitland, Coppell & Co., Brown Bros. & Co. and James B.
Colgate & Co. As a result of this change in control, W . L.
Bull has been succeeded by Geo. M. Gumming as chairman
of the board of directors, and John Crosby Brown, G. L.
Hoyt and James C. Colgate have resigned as directors.
The annual meeting occurs on the 9th inst. The new in
terests. it is said, favor the payment of a dividend on the
preferred stock.
R e p o r t .— The results for the fiscal year ending Juno 3H were;
Year.
1905-06.
1904-05.
V. 83, p. 627.
Gross.
$7,118,576
6,650,884
Net.
$2,756,100
2,276,548
Oth. Inc.
$30,827
41,233
Charges.
$1,804,739
1,761,937
v//r.
*ve\lM.s
*44
INDUSTRIAL, GAS AND MISCELLANEOUS.
- I Ills
Alliance Realty Co., New York .— E x tra D i v i d e r rati
company, which in April last increased its dividen
from 6% to 7% per annum, has declared a quarter!; dividend of 1% % and an extra dividend of 1% on its < ipital
stock, payable Oct. 15 to stockholders of record Oct. 9 1906.
I’he ITiited States Realty
Improvement Cm ownanm
interest f^See V. 82, p. 806, 1214.
S'N!
T H E CHRONICLE.
[VOL. LXXXI1I.
American Cotton Oil Co. -New Director.— William Barbour of this company’s new building has recently been awarded,
has been elected a director to fill a vacancy.— V. 81, p. 1607. involving an expenditure of about $3,500,000.
The building will cover an area of 27,000 sq. ft. and be 26 stories In height,
American Hardware Corporation, New Britain, Conn.with tower rising to 33 stories
Frontage on Cortlandt St., 209 ft.; on
Dividend.— This company, which has recently been paying Church St., 105 v. ft.. Broadway outlet, 37 11 ft. The com pany was in
corporated at A lbany on Dec. 23 1902 with $500,000 capital stock. Par of
dividends at the rate of 5% per annum, paid Oct. 1 a quar
last
mortgage
due June 30
terly dividend of 1^2% to holders of record Sept. 28, thus shares, $100. In Mayt e ” 4a14%>. was for $5,000,000, Metropolitan 1926
(‘ ‘ general Interest r a
made to the
Life
Insurance Co. as trustee, covering the entire property, including- the lease
placing the $6,200,000 stock on a 6% basis.— V. 82, p. 690.
hold covering Nos. 165 arid 167 Broadway end 15, 17 and 21 Cortlandt St.
American Ice Securities Co.— Dividend Prospects.— The Robert E. Dowling (President of the City Investing C o.. V . 82, p. 454i
Is President; A. L. Dean. Vice-President; Edward F. Clark, Secretary.
"New York Summary” of Oct. 3 says:
Office, 111 Broadway, New York.
The next monthly meeting of the directors will be held on Oct. 25, when
action will probably be taken on the dividend question. It is understood
from an authoritative source that it is the present intention of the manage
ment to place the stock on a dividend basis.— V. 82, p. 754.
American Steel Foundries.— Bond Offering.— Russell,
Brewster & Co. of New York and Chicago offer by advertise
ment on another page, at a price to net better than 6% , a
block of the first mortgage 6% sinking fund gold bonds,
dated Oct. 1 1905, due Oct. 1 1935; interest April and Octo
ber; subject to call after 1915 at par and interest. Author
ized issue $6,000,000, of which $3,500,000 outstanding. A
circular says:
The bonds are secured by a first mortgage on all assets of the American
Steel Foundries, subject only to $471,000 bonds issued against the p rop
erties of the American Steel Castings Co. outstanding at the time the prop
erties were acquired. The earnings of the com pany for the twelve months
ending July 31 1906 amounted to more than seven times the interest charges
on the first mortgage bonds, and the surplus, after paying- bond interest,
sinking fund and liberal charges to depreciation, was nearly live times
the interest requirements. Under the terms of the trust deed the com pany
is required to pay annually to the trustee a sum equivalent to 3% of the
par value of the bonds issued and outstanding as a sinking fund for the
purchase or redemption of the bonds.
The products of the com pany are of the m ost stable character, in which
the demand is constant and the margin of profit fair. A large part of the
output of the com pany is sold to railroads and a number of very profitable
.patents are owned, including car bolsters, car springs and brake beams.
The com pany also makes miscellaneous castings, including steel car wheels.
"T h e management of the com pany is of the highest character and its
financial position has been greatly strengthened within the last 12 m onths.”
Application to list the bonds on the New York Stock Exchange will be
made at once.
Compare report in V. 83. p. 685, and description of bonds
in V. 81, p. 842.
Retirement of Stock.— The stockholders at the annual
meeting on Tuesday ratified the proposition to retire the
$460,000 preferred and $1,890,000 common stock held in
the treasury. Compare report V. 83, p. 685.
American Telephone & Telegraph Co.— Dividend Increased.
— The directors on Oct. 2 declared a quarterly dividend of
2% , placing the stock upon a regular. 8% bas s, as against
7y< % /the rate established in 1901. President Fish said:
i
It was the sentiment of the directors that, in view of the earning- and the
outlook, that this was the proper time to put into effect a policy r vat had
been suggested for a long time, of putting dividends on a basis o ' ?
quar
terly, with the expectation of continuing- them at that rate.—
83, p.
7 5 3 ,6 8 9 .
■American Writing Paper Co.—First. Dividend.— The di
rectors on Thursday declared an initial dividend of 1% on
the $12,500,000 7% cumulative preferred stock, payable
April 1 1907.— V. 83, p. 689.
Bell Telephone Co. of Philadelphia.— Stock Offered.—
Stockholders of record Oct. 5 are offered the right to sub
scribe at par until Nov. 8 to the extent of 25% of their holdings
to $5,000,000 of new stock. Payment for the new stock is
to be made as follows: 50% on Nov. 15 and 50% Feb. 1907 ,
or optionally in full on Nov. 15, in which case the stock will
be entitled to all dividends paid thereafter.— V. 82, p. 1374.
Bethlehem Steel Co.— Possible Suspension of Dividends.—
The price of the shares has had a considerable fall on reports
that dividends on the $14,908,000 preferred stock (7% noncumulative) which were begun in August 1905 at the rate of
l z i% quarterly, are likely to be temporarily suspended.
/
President Schwab is quoted:
In view of the fact that there has been no formal discussion of the m atter,
it would not be proper for me to surmise what action the directors will
decide to take. Money received from the $8,000,000 bonds sold to a syn
dicate is being expended in making our extensions.
Compare V. 82, p. 1499.
Boston Consolidated Gas Co.— Report of Public Account
ants.— The report of Public Accountants Harvey Chase &
Co., published in the “ Boston Transcript” of Sept. 27, as
required by the “ Sliding Scale Act” of 1906, shows results
as follows for this consolidated company, the principal oper
ating concern controlled by the Massachusetts Gas Com
panies (which owns $15,110,600 of the $15,124,800 capital
stock:
12 q Months. June 15 1905 to June 30 1906.
Gas Purchaser!. Manufactured.
Total.
Sold.
Total cubic fe e t .2,262,654,700 1,725,534,000 3,988.188,700 3,929,522.235
(lost in holder .
$0.2894
$0.3431.
$0.3126
$0,3173
Cost of distribution, management and other expenses_____________ $0.2538
Total cost of gas (excluding- interest, depreciation and reserves) — 0.5711
Income from—
I Deductions—
Sales of gas_______ - _____ $3,378,702 |Operating expenses_______$2,162,146
Sales of electricity_______
225,135 IT a x e s ___________________
272,000
By-products, & c ________ ' 160,234 j Damages, & c ____________
58,219
Total
______________ $3,764,0711 Net earnings___________ $.1,271,706
Other in com e___________________________________
17,257
Total net in c o m e ______________________________________
$1,288,963
Em ployees’ fund (S50.000), interest on notes, &e. ($10,909)___
60,909
Dividends (8% per annum )------------------------ ----------------------- .-------- 1,208,968
Credit balance transferable to surplus--------------------------------------$18,086
The operations of the year include no charges for estimated depreciation
of plant in excess of repairs; $21,587 was charged to profit and loss on ac
count of street mains, &c., abandoned.
The present dividend rate, as required to be reduced
under sliding scale, is 7% per annum. Compare Massa
chusetts Gas Companies in V. 83, p. 690.—-V. 82, p. 1324.
Broadway-Oortlandt Co., New York.— Contract— Capitali
zation.— The contract for the construction “ of every part”
Columbus & Hocking Coal & Iron Co.— P r e fe r r e d S to c k
the new issue of $500,000 6% non-cumulative
preferred stock, $200,000 is being offered by Columbus, O..
brokers at 75. The stock is issued to provide in part for
the cost of the brick plant now under construction per plan
in V. 82, p. 511.— V. 83, p. 326.
Consolidated Anthracite Coal Co. of Arkansas.— N e w B o n d
I s s u e P r o p o s e d . — The “ Cincinnati Inquirer” states that at a
meeting of the directors held in the committee room of the
Union Savings Bank of Cincinnati on Sept. 17, it was agreed
to authorize an issue of $750,000 first mortgage bonds.
This action was taken after listening to the report of Guy M.
Mallon and Luke W. Smith, who, as a committee, visited
the mines. The “ Inquirer” says:
O f f e r e d . — Of
The report recommended that more m oney be put into the property in
order to enlarge its earning capacity, which, at this tim e, is restricted by
adverse conditions, principally from a shortage of cars. The com pany has
a stock capital of $2,500,000 and a bond issue of $150,000, and it owns
8,300 acres of coal lands in Johnson County, A rk., with mines, with six
openings, at Spades
There is a lien of $325,000 against a portion of the
property, which is heid by a pool, which bought in the land for the com
pany.
The report shows that the property, which has an output capacity of 000
tons a day, is only mining about 250 tons, and that while the plant is selfsustaining it is earning nothing for the stockholders. It is proposed that
bonds to the amount of $750,000 be issued to take up the lien of $350,000.
and the present outstanding pond issue, and leave a sum sufficient in the
treasury to work the mines profitably. Most of the coal goes to St. Louis
which is a haul of only 400 miles. Compare V . 81. p. 550.
Consolidated Cotton Duck Co.— In te r e s t o n M t . Y e r n o n recent semi-annual distribution on
the income bonds of the Mt. Vernon-Woodberry Co. was
ljqj% (being at the rate of 3% per annum), contrasting with
1% (2% per annum) paid last January. Of the total issue
of $6,000,000, only $392,000 remains in the hands of the
public, the remainder having been turned in under the plan
of amalgamation.
Dissolution of Predecessor C om pany. —The shareholders of
the United States Cotton Duck Corporation, the predecessor
company, will vote Nov. 1 on dissolving the corporation. AH
its property and assets, it is stated, will be transferred on
Oct. 19 to the Consolidated Cotton Duck Co., per plan in
V. 80, p. 1916.— V. 83, p. 433.
Corn Products Refining Co.— O ff e r to H o l d e r s o f B o n d s o f
N a tio n a l S ta rch M a n u f a c t u r i n g C o . — The company, under
date of Oct. 1 1906, informs the holders of the first mortgage
bonds ($2,843,000) of the National Starch Mfg. Co. that of
the man}5 active starch plants which constituted the original
’
security for their bonds, only two are now in operation, the
remainder having been dismantled. The security of the
bonds is impaired, and it is therefore suggested that the
holders exchange the same, dollar for dollar, for an issue of
$2,843,000 5% 25-year debenture gold bonds of $1,000 each,
protected by a sinking fund of $114,000, pajmble on or
before Nov. 1, yearly, under which the trustee will draw
bonds for redemption bjr lot at par. This will provide for
the retirement of the entire issue within. 25 years. An
agreement will be made with the Title Guarantee & Trust
Co. of New York, as trustee, providing for the establish
ment of the aforesaid sinking fund, and also requiring that
the outstanding debentures shall be secured by any mort
gage made by the refining company other than a purchase
money mortgage. The holders of a large number of the
bonds, it is stated, have already expressed their willingness
to make the exchange, and the aforesaid trustee is prepared
to receive deposits of the bonds with coupons due May 1,
1907 and subsequently attached, under the terms of the
agreement. See advertisement on a previous Dage.— V. 83,
p. 689, 326.
Diamond Match Co.— Earnings. — Press reports from Chi
cago state that during the first seven months of the fiscal
year ended Aug. 31 net earnings from the manufacture of
matches were about $950,000, or at the rate of 10% a year
on $16,000,000 of capital stock, while the net earnings from
other sources averaged nearly $27,000 a month, or at the
rate of 2% on the share capital.— V. 83, p. 689, 564.
Distillers’ Securities Corporation.— R u m o r e d N e w C o m
p a n y . — Rumors have been current this week of the intention
of the management to form a new holding company to de
velop the business of manufacturing denatured alcohol under
the privileges offered in the recent Act by which the tax on
denatured alcohol is to be removed after Jan. 1 next.
Dittenhoefer. Gerber & James, acting on behalf of some
minority stockholders, have issued a statement protesting
against the plan, in which they say:
W o o d b e r r y I n c o m e s . —-The
W e do not care to disclose the names of our clients at present, but feel
no hesitation in saying that the directors of the holding- com pany have
announced a determination to organize a separate com pany. According
to their statements, the com pany is to have $6,000,000 preferred and
$12,000,000 com m on stock, and of the latter $6,000,000 is to be distributed
as compensation for underwriting and prom oting. W e believe that the
plan is detrimental to the interests of the minority stockholders and intend
-to prevent the directors from carrying it into effect if possible. W e pro
pose to serve a formal demand upon the directorate, and in case the re
sponse is not satisfactory, we shall begin proceeding's to enjoin them from
carrying the plan into effect.
THE CHRONICLE
O c t . t> 190G.]
President Rice of the Distilling Co. of America is quoted
as saying that no plans have been determined upon, and
that if any steps are taken the rights of the stockholders will
be fully protected.— V. 83, p. 750, 089.
Federal Clay Manufacturing Co., New Jersey.— R e d u c t i o n
o f C a p i t o l S t^ c k '. — This subsidiary of the National Fireproof
ing Co. has filed a certificate of decrease of capital stock
from 85.000.000 (of which 83,000,000 was preferred) to
8100,000 through the surrender of all the outstanding shares,
and the issue in lieu thereof of the 8100.000 stock “ as nearly
as may be in proportion to the total number of shares” held
by each stockholder.— 5 . 80. p. 2223.
Fulton Coal Co., Philadelphia.— R e d u c t i o n
o f C a p ita l S to c k .
— The shareholders on Sept. 19 voted to reduce the par
value of shares from 82 55 to 82 05 and the total issue of
stock from $181,608 45 to 8145,998 95.— V. SI, p. 1103.
Granby Consolidated Mining, Smelting & Power Co.
Report.— The results for the year ending June 30 were:
Y ea r—
G ross.
XYL
D iv id e n d s.
B a L .s u r .
1 9 0 5 -0 6 .-- $ 4 ,7 5 1 ,0 5 9
$ 1 ,8 2 3 ,6 1 7
$ 8 1 0 .0 0 0
$ 1 ,0 1 8 ,6 1 7
1 9 0 4 -0 5 __________ 2 .7 4 9 .1 4 5
7 1 2 ,6 4 9
______ .
7 1 2 .6 4 9
A v e r a g e sellin g - p r i c e o f c o p p e r p r o d u c e d , 1 7 .7 8 c e n t s p e r l b . ; o f s ilv e r .
6 4 .6 8 c e n t s a n o u n c e a n d g o l d $ 2 0 a n o u n c e .
T h e net c o s t o f c o p p e r ,
a f t e r d e d u c t i n g t h e g o l d a n d s ilv e r v a l u e s , w a s 8 .8 5 c e n t s p e r lb .
C on stru c
t i o n e x p e n s e s d u r i n g t h e y e a r a m o u n t e d t o $ 1 0 5 ,9 7 5 . a n d $ 8 5 0 ,4 8 5 w a s e x
p e n d e d t o a c q u ir e n ew p r o p e r tie s .
T o t a l s u r p l u s J u n e 8 0 1 9 0 6 , $ 2 ,5 4 7 ,7 3 9 .
T h e c o m p a n y p r o d u c e d 1 9 ,9 3 9 ,0 0 4 l b s . o f c o p p e r , c o m p a r e d w i t h 1 4 ,2 3 7 ,6 2 2 in t h e p r e v i o u s y e a r : 3 1 6 ,9 4 7 o u n c e s o f s i l v e r , a g a i n s t 2 1 2 .1 8 0 ; a n d 5 0 ,0 2 0 o u n c e s o f g o l d , a g a i n s t 4 2 . 8 8 4 . — A '. 8 1 . p . 1 6 1 3 .
Kansas City (Mo.) Gas Co.—
N a tu r a l G a s F r a n c h ise O b
t a i n e d .— Mayor
H . M. Beardsley approved on Sept. 27 the
ordinance, passed by the City Council with only one dissent
ing vote, granting this company a 30-vear franchise to sup
ply natural gas in the city. The Kansas City “ Times” of
Sept. 27 and 28 says:
T h e o r d i n a n c e p r o v i d e s f o r n a t u r a l g a s o v e r 7 5 m ile s o f m a in s b y J a n . 1 ,
125 m ile s b y M a r c h 1 , a n d t h r o u g h a ll o f t h e p i p e s o f t h e K a n s a s C i t y .
M is s o u r i, G a s C o . b y A u g . 1— t e n m o n t h s f r o m n o w .
T h e f r a n c h is e fix e s
a r a t e o f 25 c e n t s f o r t h e first l i v e y e a r s , 27 c e n t s f o r t h e n e x t f i v e y e a r s ,
30 ce n ts a fte r ten y e a r s .
T h e c i t y ’s r i g h t t o p u r c h a s e t h e p la n t Is s u s p e n d e d
fo r t e n y e a r s i f n a t u r a l g a s is s u p p l i e d f o r t h a t t i m e . I f n a t u r a l g a s b e c o m e s
e x h a u s t e d t h e r a t e f o r a r t i f i c i a l is t o b e l i x e d b y a r b i t r a t i o n .
T h e c o m p a n y w ill t r a n s f e r t o t h e c i t y fr e e o f c o s t a ll it s r i g h t s u n d e r its
c o n t r a c t s w i t h t h e H a w G a s C o . a n d t h e K a n s a s C i t y P i p e L in e C o . , n o w
c o n t r o llin g th e n a tu ra l g a s s u p p ly t o in s u re t h e c it y a s u p p ly o f n a tu ra l
g a s in t h e e v e n t it e x e r c i s e s its r ig h t t o p u r c h a s e .
T h e s e c o m p a n i e s s h a ll
b e m a d e a p a r ty t o t h e c o n t r a c t w it h th e c it y , a n d th e te rm s "of th e c o n
t r a c t s b e t w e e n t h e a s s o c i a t e d g a s c o m p a n i e s s h a ll n o t b e c h a n g e d w i t h o u t
th e con sen t a n d a p p ro v a l o f th e c it y .— V . S 3, p. 3 8 2 . 326.
Kansas Natural Gas Co.— See Kansas City (Mo.) Gas Co.
above.— V. 83, p. 40.
Keystone Watch Case Co., Philadelphia .—
N ew
S t o c k .—
Stockholders of record Sept. 10 had the right to subscribe
prior to Oct. 1 at SI 10 a share (par 8100) for 8600,000 new
common stock. Subscription must be paid on or before
Oct. 12.— V . SO, p. 1178; V . 78, p. 345.
Knickerbocker Ice Co.— P o s s i b l e
D iv id e n d
on
C om m on
Stock.— It is generally expected that a dividend on the com
mon stock will be declared at the meeting of the directors
on Oct. 17, although the rate has not been determined upon.
— V. S3, p. 439.
Lake Superior Corporation.— A n n u a l
R eport
fo r
F isc a l
Y e a r e n d i n g J u n e 30 1906.— President Charles D. Warren
in his annual report states that the important plants of the
operating companies have been actively employed, and that
the output of steel rails has aggregated about 160,000 tons
and the output of pig iron 130,902 tons. The directors, as
already announced, have declared an interest payment of 5%
on the income bonds payableOct. 1 1906, calling for 8150,000.
Including this item, the results for the year were:
In c o m e A c c o u n t f o r F is c a l Y ea r en ding J u n e 3 0 1 9 0 6 .
I n t e r e s t o n i n v e s t m e n t s (s e c u r i t i e s o f s u b s i d i a r y c o m p a n i e s ) fr o m
n e t e a r n i n g s ______ _____________________________________
___ ____ $ 1 .1 0 2 ,0 4 4
X e t in t e r e s t f r o m b a n k s a n d o t h e r s o u r c e s _________
___
______
3 6 ,7 0 0
T o t a l i n c o m e _________________________
$ 1 ,1 3 8 ,7 4 4
C o u p o n s p a id o n fir st m o r t g a g e b o n d s o u t s t a n d i n g ___
4 5 2 ,2 0 0
I n t e r e s t a c c r u e d o n first m o r t g a g e b o n d s J u n e 3 0 1 9 0 6 __
3 7 ,6 8 3
G e n e r a l e x p e n s e s , t a x e s a n d o r g a n i z a t i o n c o s t s ____
_
9 1 .9 8 1
In te r e s t o n in c o m e b o n d s d e c la r e d p a y a b le O c t . 1 1 9 0 6 ( 5 % ) 1 5 0 ,0 0 0
T o t a l d e d u c t i o n s _______________________________________________________
B a l a n c e s u r p l u s f o r y e a r _____________
$ 7 3 1 ,8 6 4
$ 4 0 6 ,8 8 0
T h e t o t a l i n c o m e a s a b o v e . $ 1 ,1 3 8 ,7 4 6 , c o m p a r e s w i t h $ 5 8 5 ,5 3 9 in t h e
p r e c e d i n g y e a r ; t h e a m o u n t a p p l i c a b l e t o in t e r e s t o n t h e i n c o m e b o n d s .
$ 5 5 6 ,8 8 0 . a s s h o w n a b o v e , c o m p a r e s w i t h $ 3 4 ,8 0 2 In t h e e a r lie r y e a r .
— V . 83 . p. 627, 382.
Lake Torpedo Boat Co., Bridgeport, Conn.— Increase of
S t o c k . — A press report from Bridgeport, Conn.,
where the company\s plant is located, states that the stock
holders have voted to increase the capital stock from 81,000,0 0 0 to 82,000,000, to acquire the foreign rights which are
controlled by Captain Simon Lake and others.
C a p ita l
I n S e p t e m b e r 1 9 0 5 t h e r e w e r e i n c o r p o r a t e d u n d e r t h e la w s o f M a in e ,
e a c h w it h $ 1 ,0 0 0 ,0 0 0 o f a u t h o r i z e d c a p i t a l s t o c k a n d S . B . W h it n e y o f
W a s h in g to n as P r e s id e n t, fo u r , c o m p a n ie s b e a r in g th e n a m e o f " L a k e
T o r p e d o B o a t C o .,” o n e " o f R u s s ia ,” o n e " o f I t a l y ,” o n e “ o f G e r m a n y ”
a n d o n e " o f E n g la n d .”
S im o n L a k e , t h e I n v e n t o r o f t h e s u b m a r i n e d e v i c e s o w n e d b y t h e c o m
p a n y . In A u g u s t 1 9 0 5 a n n o u n c e d h is I n t e n t i o n t o r e m o v e f r o m t h e (. lilte d
S t a t e s t o B e r l in .— V . 8 1 . p . 3 1 1 .
Lookout Mountain Iron Co.— S a l e Postponed.— The salt*,
it is stated, has been postponed until Nov. 5. See V. 83,
p. 754, 99.
Louisville (K y.) Water Co.— Payment of Maturing Ponds.
— I he 8900,000 first mortgage bonds due Oct. 2 1906 were
paid on presentation at the office of the company in Louis
ville until Oct. 1 and thereafter at the First National Bank,
New York. The sinking fund of the city of Louisville owns
821
$1,274,800 of the com pany’s 81,275,100 capital stock.
There are also 8500,000 second mortgage bonds outstand
ing.— V. 77, p. 952.
Mackay Com panies. — N e w S o u t h A m e r i c a n C a b l e . ... This
com pany’s subsidiary, the Commercial Cable Co., opened on
Sept. 15 its new cable route to Rio de Janeiro, Buenos Ayres,
and other places in South Am erica, via the new line between
the Azores and the Cape Verde Islands. Formerly cable
grams from this country were sent to South America from
the Azores to Lisbon and thence, via the Cape Verde Islands.
The new line avoids Lisbon.— V. S3, p. 690, 497.
Manhattan M ortgage Co., New Y ork .— N e w S t o c k . — The
shareholders will m eet O ct. 10 to vote on increasing the
capital stock from 8250,000 to 8500,000; par of shares, 8100.
A. B. Carrington, President; Chas. L. Acker, Secretary.
Office, 200 Broadway, N. Y .
Massachusetts Gas Com panies.— Report of Accountants.—
See Boston Consolidated Gas Co. above.— V. S3, p. 690, 628.
Nashville (Tenn.) Gas Co.— N e w P r e s i d e n t . — At Nash
ville on Sept. 25 Director W . R . Cole was chosen President,
to succeed the late Judge Thomas H. Malone.
The regular quarterly dividend of 13 ^ % was declared on
2
the capital stock of 81,150,000; par, 8100.— V. 76, p. 658.
(The) National Cash Register Co., D ayton, O hio.— S t o c k
D i s t r i b u t i o n to R e p r e s e n t A c c u m u l a t e d S u r p l u s . — On Sept. IS
the common stock of this com pany was increased from 84,000,000 to 89,000,000. The capitalization now stands
89.000. 000 com mon and 81,000,000 preferred, instead of
84.000. 000 com m on and 81,000,000 preferred. Owing to
the fact that very few dividends have been declared on the
com m on stock, the earnings having been used to take care
of the increase in business, the 85,000,000 increase of com
mon stock was paid out to the com m on stockholders as a
stock dividend.
O l d C o m p a n y R e d u c e s S t o c k . — The old
National Cash
Register Co. of New Jersey has filed a certificate reducing
complete stock from $4,000,000 to $2,000, and the preferred
stock from $1,000,000 to $3,000.— V. 83, p. 690.
National Fire Proofing Co.— D i v i d e n d P r o s p e c t s . — T ouch
ing the resumption of dividends on the preferred stock,
announced last week, when 1% was declared on the prefer
ence shares payable O ct. 15, W . H. Graham, a leading
director, is quoted in the Pittsburgh “ Dispatch” of Sept. 28
as follows:
I t is p r o b a b l e t h a t t h e r a t e w i l l b e i n c r e a s e d b y t h e e n d o f t h e c o m i n g
q u a rter.
T h e c o m p a n y h a s o r d e r e d o n ly w h a t it c a n p a y v e r y e a s ily .
T h e r e w e r e s o m e o f th e d ir e c to r s w h o b e lie v e d t h a t r e s u m p tio n a t t h e fu ll
7 % p e r a n n u m c o u l d b e m a d e a t t h is t i m e , b u t o t h e r s f a v o r e d a m o r e c o n
s e r v a t i v e c o u r s e a n d in t h e e n d t h is c o n s e r v a t i v e fe e l i n g p r e v a i l e d .
The
r e p o r t s t o t h e m e e t in g s h o w e d t h a t t h e r e is a la r g e in c r e a s e in t h e e a r n in g s
o v e r la s t y e a r , b o t h in t h e g r o s s v o l u m e o f b u s in e s s a n d in n e t e a r n in g s .
T h is is d u e p a r t l y t o t h e g e n e r a l p r o s p e r i t y a s r e f l e c t e d in t h e b u i l d i n g t r a d e s
a n d t o t h e r a p i d l y in c r e a s in g d e m a n d f o r c o n d u i t s f o r u n d e r g r o u n d w i r e
sy ste m s , & c.
T h e c o m p a n y h a s n o t f o u n d it n e c e s s a r y t o is s u e t h e f u l l a m o u n t o f
$ 2 ,5 0 0 ,0 0 0 o f fir s t m o r t g a g e g o l d n o t e s a u t h o r i z e d la s t s p r in g .
O n ly $ 2 ,0 0 0 ,0 0 0 o f t h e s e h a v e b e e n is s u e d a n d t h is r e d u c e s t h e c o s t o f r e t i r i n g t h e m
fr o m $ 2 5 0 ,0 0 0 t o $ 2 0 0 ,0 0 0 a y e a r .
T h e c o m p a n y is in e x c e l l e n t s h a p e a n d
t h e r e is n o d o u b t a s t o t h e s t a b i l i t y o f t h e d i v i d e n d .
R e d u c t i o n o f C a p i t a l S t o c k b y S u b s i d i a r y . — See Federal Clay
Manufacturing Co. above.— V. 83, p. 754.
National Telephone Co. of W heeling, W . V a .— B o n d s
O f f e r e d . — W hite & W hite of Wheeling, W . V a., are offering
8100,000 of the $150,000 outstanding consolidated first
mortgage 6% 30-year gold bonds at 100 and interest.
B o n d s m a t u r e D e c . 1 1 9 3 5 , b u t a r e s u b j e c t t o c a ll a t 10 5 a n d in t e r e s t
o n D e c . 1 1 9 1 0 o r a n y i n t e r e s t d a y t h e r e a f t e r a t 1 0 5 . O f t h e is s u e , $ 2 0 0 ,0 0 0
is r e s e r v e d t o r e t ir e u n d e r l y i n g 5 % b o n d s .
S t o c k is s u e d $ 2 9 5 ,6 3 0 .
F u rth e r
f a c t s w ill b e g i v e n a n o t h e r w e e k .— V . 8 2 , p . 2 8 4 .
New England Navigation Co.— A c q u i s i t i o n — B o n d s . — See
text and table of securities in report of New York New Haven
& Hartford R R . on a preceding page.— V. 81, p. 1853.
Northern Connecticut Light & Power Co., H artford, Conn.
— Amalgamation.— This companj^, which was formerly the
Enfield Gas Co., was chartered by the General Assembly of
the State of Connecticut with $500,000 of authorized capital
stock in shares of $100 each to operate as a gas com pany in
the towns of Enfield, East W indsor, W indsor Locks, South
Windsor and Somers, Conn. Its name was changed from
the Enfield Gas Co. to Northern Connecticut Light & Power
Co. by act of the Superior Court. The parties who control
the Enfield Gas Co. have purchased the entire capital stock
of the Windsor Locks Electric Lighting Co. and the Enfield
Light & Power C o ., which now furnish electricity for Windsor
Locks, Enfield, Thom psonville, Warehouse Point. East
Windsor and Broad Brook, Conn. A new power house will
be built at Windsor Locks to supply power for this whole
territory. There will be a merger of the Windsor Locks
Electric Lighting Co. and the Enfield Electric Light & Power
Co. with the Enfield Gas Co. under its new name of the North
ern Connecticut Light & Power Co. The details regarding
this merger have not as yet been worked out. Harrison B.
Freeman Jr., 55 State St., Hartford, Conn., is interested.
T h e s h a r e h o ld e r s o f t h e W i n d s o r L o c k s E l e c t r i c L i g h t i n g C o . ( V . 7 9 ,
p . 1 2 8 3 ; V . 7 5 , p . 1 4 0 ) m e t J u l y 14 t o a c t u p o n a p r o p o s i t i o n fo r tlu* s a le
o f t h e r ig h t s , fr a n c h is e s a n d p r o p e r t y o f t h e c o m p a n y t o t h e E n f ie ld G a *
C o . fo r $ 4 0 ,0 0 0 . o r t o c o n s o l i d a t e w it h t h e E n f ie ld G a s C o . o n tin- b a s is
o f e x c h a n g i n g t w o s h a r e s o f t h e W in d s o r L o c k s E l e c t r i c L i g h t i n g C o . o f
t h e p a r v a lu e o f $ 2 5 e a c h f o r o n e s h a r e o f t h e E n fie ld G a s C o . o f t h e p a r
v a lu e o f $ 1 0 0 a s h a r e .
Pennsylvania Sugar Refinery Go.— R e c e i v e r . — Judg< Wil
son in the Court of Common Pleas No. 4, oil the application
of Edward C. Babcock of New York, as owner of 6,900 shares
of stock and $375,000 bonds, appointed Geo. II. Earle Jr.
receiver, who took possession at once.
822
THE CHRONICLE.
In the bill It Is alleged that since the completion of the plant In December
1903 there would have accrued, had the plant been operated, an average
profit of $3,500 per day; also that an agreement was made by the holders
of the stock whereby Frank K. Hippie, President of the Real Estate Trust
Co., was made trustee and the company turned over to the American Sugar
Refining Co., which closed the plant.
The receiver, it is stated, will bring an action against the
American Sugar Refining Co. for damages because of the
idleness of the plant. Compare V. 83, p. 497.
P eoria (111.) L ig h t C o . — Listed in Columbus, O.— The
Columbus Stock Exchange has listed the $1,000,000 of 6%
cumulative preferred stock, $2,500,000 common and $1,000,000 bonds. See V. 83, p. 498.
San D ie g o C o n so lid a te d G as & E lectric C o .— Dividends.—
This company, of which H. M. Byllesby & Co., Chicago, are
managers and engineers, has declared a quarterly dividend
of 114% on the preferred stock, payable Oct. 12 to stock
holders of record Oct. 10.— V. 81 , p. 1496.
S h en an g o S te a m sh ip C o ., C le v ela n d , O .— New Stock.—
This Ohio corporation has hied a certificate of increase of
authorized capital stock from $200,000 to $410,000, Com
pare V. 82, p. 1326.
Suffolk G as & E lectric L ig h t C o .— New Directors.— At a
meeting of the stockholders held Oct. 3 at the office of Street,
Wykes & Co., 44 Wall Street, New York, Julian D. Fairchild, President of the Kings County Trust Co., William A.
Wright and William S. Pardee were elected directors. The
date of the annual meeting was changed from the first Mon
day in October to the first Saturday in June, at Bay Shore.
T he com p an y supplies B ay S hore, I slip and East Islip, S uffolk C ou n ty ,
L ong Island. S to ck , $200,000; par, $100.
B onds, $160,000 first 5s,
due 1918, interest M ay and N ov. at New Y o rk T rust Co. Gross earnings
in calendar year 1905, $31,611. P resident, W m . A . W rig h t; Secretary
and Treasurer, W m . S. P ardee, 42 Church S t,. N ew H a ven , Conn.
S w ift & C o ., C h ic a g o .— Probability of New Stock Issue.—
A director was quoted in Chicago on Oct. 1 as saying;
T he stock will be increased again within a lew m onths, if for no oth er
purpose than the constan t expansion o f business. N ot m ore than $10,000,000 will be needed the next tim e unless, o f course, the acquisition o f
other plants should be con tem p lated. A t the m om en t I am confident that
the talk o f bu yin g the Schw arzschild & Sulzberger Co. or the construction
o f a plant, at P ortlan d, O re., is prem ature. The rum or o f bu yin g out A r
m our is ab su rd .— V . 82, p . 1216, 755.
T r i-S ta te T elep h o n e & T e le g ra p h C o ., M in n e a p o lis .— Stock
Offered— Earnings.— This company is offering for sale $500,000 6% preferred stock. The earnings for a full year,
based on the results for the month of September, it is an
nounced, should be:
Gross earnings, $900,000: all expenses, including taxes and insurance,
$300,000; m aintenance and depreciation , $200,000: interest and dividends,
$250,000; balance, surplus, $150,000. Com pare V . 82, p . 1501.
United S ta te s G la ss C o ., P i t t s b u r g h . — Dividend.— The
company, it is stated, has declared a dividend of 1% on the
$3,200,000 stock, payable Oct. 20. A similar amount was
paid on June 18 last. In 1905 4% was paid, viz.: 1% each
on Jan. 16, May 15, Sept. 15 and Dec. 20, and in 1904 2% ,
being 1% each in April and October. In 1903 the preferred
stock was retired. Compare V. 81, p. 844.— V. 83, p. 434,
384.
United Shoe M a c h in e ry C o r p o r a tio n . — New Stock at Par.—
President Sidney W . Winslow announced on Oct. 2 that it
is proposed to offer shortly at par to the common stock
holders $1,624,900 additional common stock in the ratio of
one share (par $25) of new stock for every ten shares now
held, to pay for additions to the plants at Beverly, Mass.,
and in England, France and Germany.— V. 83, p. 217.
United S ta te s R e a lty & Im p r o v e m e n t C o . — See Alliance
Realty Co. above.— V. 82, p. 1383.
United S ta te s R u b b e r C o . —Earnings.— The net earnings
for 6 months ending Sept. 30 (Sept, partly estimated) were
approximately $2,136,000, not including earnings of the
Rubber Goods Manufacturing Co., except dividends amount
ing to $413,641 received upon stock of said company in
the company’s treasury. The net earnings for the corre
sponding period last year were $2,005,887.— V. 83, p. 704,
629.
United S ta te s S teel C o r p o r a tio n .— Contract for Lease of
Great Northern Ore Lands Signed.— Judge E. H. Gary, Chair
man of the Board, announced l a t e ' y e s t e r d a y :
A fter lon g negotiations a contract has been signed for the acqu isition
on a ro y a lty basis o f the Hill ore properties (so-calledl b y com panies
controlled b y th e U nited States Steel C orporation. The q u an tity o f ore
has n ot been accurately determ ined: bu t it is a large b o d y . The price to
be paid is Si 65 per ton delivered at the upper lake docks, with an increase
o f 3.4 cents per ton each succeeding year. The m inim um agreed to be
m ined is 750,000 tons for the year 1907, and increases by 750,000 tons per
year until it reaches 8,250.000 tons, and thereafter it continues on that
basis. T he lease is perpetual until the ore is exhausted.
It is believed
the consu m m ation o f this agreement will result in great benefit to both
parties.— V . 83, p . 329, 277.
— In a two-page advertisement appearing in to-day’s
issue of the “ Chronicle” the firm of Frederic H Hatch.
30 Broad Street, this city, announces a large, selected list of
unlisted securities and inactive shares and bonds to which
the attention of the reader is invited. The concern is pre
pared to deal in all the various properties included in the
list. Inquiries relative to the market prices of any other un
listed and inactive stocks and bonds are also solicited, and
requests for bids, offers or valuations are invited from banks,
trust companies and other financial houses and from insur
ance companies and estates. By endeavoring to handle only
reputable securities, the firm of Frederic Hatch, established
by Mr. Frederic Hatch in 1888, has gradually become a
leading house in New York for dealings in unlisted securities
of railroads and other corporations. Arthur C. Badeau is
f VOL. L X X X III.
manager of the bond department and has associated with
him James K. Rice Jr.
— Bartlett , Frazier & Carrington of Chicago and New York
announce the publication of “ At the Market,” their
“ magazine of securities and commodities.” It will be issued
monthly, and its aim will be to “ reflect the vital facts and
tendencies in the great lines of investment and speculative
trading; and in the merchant grain business, both domestic
and foreign.” ft will devote special attention to the vast
distributive market which centres in the Chicago Board of
Trade. The firm has secured as editor of this magazine
Louis A. Lamb, who was for some years financial editor of
the “ Chicago Record.” and for four years did the editorial
work on “ Pit. and Post,” the magazine venture of the late
firm of Knight, Donnelley & Co. Bernard W. Snow, for
merly of the Government Bureau of Crop Statistics, will con
tribute regularly to “ At the Market.”
— Messrs. Hickman, Williams & Co., of Chicago, Louis
ville, Cincinnati, St. Louis and Pittsburgh, have published
an interesting booklet on “ Pig Iron” which should
prove very useful to people in that line of business. In
addition to extensive analyses of the various grades of pig
iron, the book contains several articles on the subject by
well-known authorities including one by Herbert E. Field
on “ Instruction in Foundry Chemistry” and one by Mr.
Williams, of Messrs. Hickman, Williams & Co. Among
other interesting data are given the production and consump
tion of pig iron in the United States since 1850, average
monthly prices of iron and steel, a table of elements, &c.
The book is handsomely bound in black leather with gold
edges and lettering.
— The Savannah banking house of Bond & McCauley
have just opened New York offices at 67 Exchange Place.
The members of the firm are: William F. McCauley, Presi
dent of the Savannah Bank & Trust Co.; Allan Bond, director
in the last-named company and President of the Allan Bond
Coal Co.; also a director in the Savannah Electric Co. Asso
ciated with them as special partner is Joseph Hull, President
of the Prairie Pebble Phosphate Co. of Florida, a director
in the Central RR. of Georgia and the Ocean Steamship Co.
Mr. McCauley is the concern’s New York Stock Exchange
member and Mr. Bond represents it on the New York Cotton
Exchange.
— A new Chicago bond house is that of Watson, Preston &
Company, with offices on the fifth floor of the First National
Bank Building. They will deal in municipal and high-grade
corporation bonds. Mr. Watson is a capitalist from Grand
Rapids, Mich.; Mr. Preston is Vice-President of the Ionia
Savings Bank. Mich., and Mr. De Celle, the practical bond
salesman of the firm, has for several years been connected
with the well-known houses of Duke M. Farson & Company
and Farson, Son & Company^.
— Francis Bro. &Co., St. Louis, have issued a little book on
St. Louis securities, giving important statistics and other
facts regarding the principal financial institutions, traction
and industrial companies of St. Louis. The book also con
tains a statement of the municipal debt of St. Louis and the
principal bond issues of foreign governments.
— John L. Dunlap of Louisville, Ivy., broker and specialist
in street railway securities, has just issued for the infor
mation of investors a complete booklet giving full informa
tion as to stocks, bonds, dividends, mileage, earnings, &c.,
of the principal traction stocks dealt in on the Louisville
Exchange. A copy may be had upon request.
— N. W. Halsey & Co., bankers, whose advertisement
offering the unsold portion of $730,000 Galveston Texas,,
5% bonds at par and interest, was printed on Sept. 29,
announced Friday morning that all bonds had been sold.
The offering was made subject to delayed delivery.
— E. A. Manice & Co. commenced business this week at
3 Broad Street. The new firm’s membership includes
Edward A. Manice, a member of the New York Stock Ex
change. and Arthur A Manice. The concern will transact
a general stock brokerage business.
— Geo. P. Bissell of Philadelphia has moved his office
from the Bullitt building to the ground floor of 118 S. Fourth
St. Mr. Bissell makes a specialty of unlisted bonds and
stocks of railroad, gas. electric light and street railway
companies, &c.
— H. B. Slayback and W . A. Slayback have this week
formed a co-partnership under the name of Slayback & Co.
to do a New York Stock Exchange commission business at
32 Broadway. W . A. Slayback is the Board member.
— The Stock Exchange house of Chas. Fairchild & Co.,
29 Wall Street, has opened an uptown branch in the Empire
Hotel, 63d Street and Broadway. J. G. Stuart is the Man
ager .
— F. R. Moseley & Go. have opened an office at 66 Broad
way, this city, for the transaction of a commission stock
brokerage business.
— “ How to Trade in London Options” is the title of a
booklet which is being distributed by Henry & West. Real
Estate Trust Building. Philadelphia.
— A blue book on securities dealt in on the Columbus
market has been issued by Caleb L. McKee & Co., Columbus,
Ohio.
823
THE CHRONICLE
O c t . G 1900. j
ftteports and Bocuroeuts.
LOUISVILLE & NASHVILLE RAILROAD COMPANY
FIFTY-FIFTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE 30 1906
Louisville, K y., October 3, 1906.
A X a s h v ille R a ilr o a d C o m p a n y :
T o th e S t o c k h o l d e r s o f t h e L o u i s v i l l e
rhe Board of Directors of your Company respectfully submits the following report for the fiscal year ended June 30 1906:
MILEAGE.
1 .— L in e s O w n ed a n d O p e r a te d .
M ile s .
--------------------------- ------------------------------------- --------------------------
-------------------------.3,25-8.41
(2) Operated but Not Owned—
(a) Operated as owner of entire Capital S to ck -------------------------------- ----------------------------------------lb) Operated under le a s e ___________________________________________ —
---------------------------------Operated for account of owners - ------- ---------------------------------------------------------------- -v
_______ _
=.JJ— •
Operated under trackage arrangements
—
---------------
222.45
327.98
214.32
182.39
---------- 947.14
-------------------- ---------- y
-------------------------------- --------------4,205.55
-
' ] . — J/>aes O p e r a t e d U n d e r T h e i r S e p a r a t e O r g a n i z a t i o n s in w h ic h t h i s C o m p a n y O w n s a M a j o r i t y
o f th e C a p i t a l S t o c k o r is I n t e r e s t e d a s J o i n t O w n e r o r L e s s e e .
Nashvi. •
i attanooga A St. Louis Railway, less mileage used by Louisville & Nashville Railroad under trackage arrangements (a
1 the Capital Stock owned!
--------------------------------_ _ .
----------- ------------------------------------- 922.09
------------------------------------26.24
Birmingr.atn Southern Railroad (one-half of the Capital Stock owned!
Centra! Transfer Railway & Storage C o., Louisville (one-lialf of the Capital Stock owned)
------------ -------------- _
---------------------.67
Georg
road and Dependencies (interested as joint lessee)
----------- ----------------------------- 571.00
Chicago Indianapolis & Louisville Railway (a m ajority o f the Capital Stock owned jointly with the Southern R ailw ay). ---------------- 591.45
Louisville Henderson & St. Louis Railway, less mileage of Louisville & Nashville Railroad operated under trackage arrangements
(a m ajority of the Capital Stock ow n ed)____V----------------------------------------------------------------------------------------------------------- ------------------ 181.70
Yellow River Railroad (all of the Capital Stock ow n ed)------ ---- - — -------------------- —
------------------------------26.40
Chesapeake & Nashville Railway (entire property and franchises owned)
------------------------------------------------------------------ ---------47.28
2,36-6.83
1 1 1 .— L i n e s O w n e d b y t h i s C o m p a n y b u t O p e r a t e d b y o t h e r C o m p a n i e s .
Paducah 6. Memphis Division (leased to Nashville Chattanooga & St. Louis R y . at 5% on cost of R o a d ---------------------------Less— Mileage used by this company under trackage arrangements
-----------------------------------------------------------Clark' /
254.20
5.46
* & Princeton Branch -G racey, K y ., to Princeton, K y. (leased to Ohio Valley Railway Co. at 812,039 70 per annum)
•
248.74
20.70
269.44
6.841.82
6,722.08
Total mileage _ ____________
Total mileage June 30 1905
119.74
Increase------------------------------------------------------------------------------------------ ------------ -----------------------------------------------------------------------A cco u n t id
or as follow s:
Additions—
Atlanta Division— New line, Etowah, T enn., to Cartersville, Ga., and revisions of old line------------------------Chesapeake & Nashville R ailw ay------------------------------ ------ -------------------------------- -------------------- ----- ------------------------Deductions—
Bastern Railway of Alabama
Alabama Northern Railway.
Sundry net deductions______
103.75
47.28
—
151.03
19.80
7.10
4.39
31.29'
119.74
BONDED DEBT.
(Including Collateral Trust Bonds.)
Bonded Debt June 30 1905. total is s u e -------------------------------------------------------------------------- -----------------------------------------------Total thereof outstanding in hands of public June 30 1905, $114,440,500.
Bonds Issued—
Unified Fifty-year 4% G o ld ________________________________ _____________
________________ $2,112,000
Atlanta Knoxville & Cincinnati Division 4% G old------------------ ---------------------------------------- 4,612,000
T otal Bonds Issued___________________________________________________________________________________
Bonds Assumed through Consolidation—
Henderson Bridge Co., First Mortgage Gold, 6 % --------------------------------$2,000,000
140,000
Yellow R iver Railroad. First Mortgage, 4%
Total Bonds assumed___________
$6,724,000
2,140,000
.
$8,864 ,000
Total Bonds issued and assumed____________________
Less Redeemed—
For Sinking Funds—
Evansville Henderson & Nashville Division Gold
General Mortgage G old----------------------------------------------Cecilia B ra n ch ._________ _____________ _ ------------Pensacola & Atlantic Railroad First Mortgage Gold.
Pensacola Division First Mortgage Gold__
-----M ured—
Maysville & Lexington North Division 7% . _ . -----Louisville Cincinnati & Lexington First Mortgage
Consolidated M ortgage______
_ _________ _____
$76,000
377.000
63.000
63.000
173.000
395.000
1,000
1,0 00
1,149,000
Total re d e e m e d ___________ _______
_____
7,715,000
Bonded Debt June 30 1906, total issue
$174,901,500
Net increase from last year
Less—
Owned •
In Treasury _______________ ______ ___________
Deposited in Trusts as Collateral_________ _____
Deposited with Bankers________________________
Held in Sinking Funds______ ___________________
$13,890,000
30,465,000
43,000
1,241 .000
i otaJ Outstanding Bonded debt In hands of public June 30 1906 . —
Total Outstanding Bonded Debt In hands of public June 30 1905 ----Total Increase of Bonds outstanding in hands of p u b lic.- —
a I7K.!
$167.186.500
a
---------------------- --------------- . . .
------ — . ---------- ------- -------------------- ------------------------- —
-------- ---------------
------------------ -------------------
45.639,000
114.440,500
$14,822,000
— ---------
• $109,000 of bonds matured or drawn for payment not presented.
.GENERAL RESULTS.
The General Results for the year, as given in detail in Table No. 1, are here summarized:
Gross Earnings _____________ _____________________________
Less Operating Expenses (71.92% ) _ _________
Other Incom e—
From R e n t s _______
■ •
From Various Sources
-
Ti a fle (28.08%)
J
.
....
---------
________
$43,008 ,996 23
30,933,463 71
$12,075,532 52
-
......... - _ ..........
— — •
..........................
$610,375 70
814,318 92
142.081 44
1,566,776 06
$13,642,308 58
D e d u c tio n s
'- o r n
In com e —
Interest on Bonded Debt . . .................
Rent and T axes. .
.
- _____
Sin! i.g unds
R eserve
So
fo r
D o u b tfu l
A ccou n ts
h & North Alabama R R . Surplus.
(Included In above) —
Met Income for the year
.........................
........................
— ----------O’.)* f t which the following dividends have been declared
Dividend No. 53. declared December 21 1905, payable I'ebruary 9 1906, 3 /o, cash _ . . . —
. ..
.............................. - - Dividend No. 54. declared June 21 1 9 0 6 , payable August 10 1906. 3 % , cash
Leaving Surplus carried to Profit and Loss Account of
----- The balance to credit of Profit and Loss Account a of June 30 1906 amounts to $17,933 .>66 6.>.
i f « r Details, see Table II. >
$5,601 .933
1,309,754
241 .849
35,970
104.124
90
82
99
93
43
7,293.934 07
$0,348,874 51
$ 1 .8 0 0 . 0 0 0 0 0
l .800.000 00
3.600,000 00
$2,748,374 51
THE CHRONICLE.
824
GROW TH
OF
iV O L . L X X X 1 I1
T R A F F IC .
T h e grow th of tr a ffic for the p ast ten years is show n b y the follow ing table:
Y ea rs.
.
1896-1897 . __ ______
1897-1898___________
1898-1899___________
1 8 9 9-19 00- .. .................
1900-1901
___
1901-1902__________
1902-1903
_
1903-1904. - ______
1904-1905___________
1905-19 06.- - _____________
A v era g e
M ile s .
O perated.
2,980.93
2,988.00
2,988.16
3,007.35
3.169.27
3,326.75
3,438.93
3,618.19
3,826.31
4,130.91
O peratin g
E xpen ses.
Gross
E a rn in g s.
a$20,372,307
<221,996,652
<<23,759,485
<<27,742,378
28,022,206
30,712,257
35,449,377
36.943,792
38,517,070
43,008,996
65
82
69
89
90
37
84
73
72
23
«$1 3.849,218
al.4,921,730
<215,731,587
<218,608,406
18,233,033
20,902,487
23,970,812
25,141,548
26,490,020
30,933,463
Gross
E a rn in g s
P e r M ile .
N et
E a r n in g s .
04
14
$6,523,089
7,074,922
8,027,898
9,138,972
9,789,173
9,809,819
11,478,565
11,802,244
12,027,049
12,075,532
68
02
50
84
44
27
97
71
61
08
01
87
40
53
40
46
75
52
<2$6,834 22
<27,361 6 6
<27,951 21
<29,224 85
8.841.84
9,231 91
10,308 26
10,210 57
10,066 37
10,411 50
O perating
E x p en ses
P er M ile .
a $ 4 ,645
95
</4,993 88
</5,264 64
«6.185 97
5.753.07
6.283 14
6,970 43
6.948 65
6.923 12
7,488 29
N et
E ar n trigs.
P er M ile .
P ercen ta ge of
E x p en ses to
E a rn in g s.
$2,188 27
2,367 78
2,686 57
3,038 88
3,088,77
2.948 77
3,337 83
3,261 92
3,143 25
2,923 21
67.98
67.84
06.21
67.06
65.07
68.06
67.62
6 8 .0 o
68.77
71.92
a Freight on Com pany’ s property included.
IM P R O V E M E N T
ACCOUNT.
E xp end itures for e q u ip m e n t and for im p rovem ents and additions to the property during the fiscal y ea r, charged
to O perating E x p en ses, are as follow s:
Additional Equipment/—
Locom otive equipm ent____ _ _____ _________ _____ ____________ —
_ ---------------------------------------------------------------------------Passenger car equipm ent......... .......... ............ — - ----------------------- 4-m--------------------------------------------------------- - ________
Freight car equipm ent____ ________________ ___________________ _________________ ____________ ________________________
Steam wrecking cars_________________________________________ _____________________________________________ _ __________
$200,950
77,400
851,890
11,280
00
00
00
44
$1,141,526
24,630
466,101
• • 40,841
259,374
11,650
24,432
13,448
24,737
New machinery for various s h o p s . ______________ ________ ---------------------------------- ________________ _____________ ___ _________________
Sidings---- ------------------ --------------- ----------------------- _ - (M _ — ----------------------------------------------------------------------------------------------------------------- ~
B a lla st_______ _ ^~ ------------ k i'i -------------------------------------------------- _
~------ ------------- L U—
l
_____ ____________________—
B uildings_____ ________________ ______________ _ _
- _______ ---------------------------£& |
_____________________ _________ ___________ , _ _
Interlocking arrangem ents_______ _______________ _ _ _ ^_______________ _________________ ____________________________________ ___ - __________ .
*
Real estate_ ^
_
~= - ^------ -------------------------- Jfl|b----------------------------------------------------------- ---------------------Right of w a y _____ R _ i ^ r _________ __________ __________________ 1 —^ ______________ _________________________ _____________________________
Wire fencing for sundry persons on line of road______________________________________________________________ ______ ______________________
Coaling Facilities—
South Louisville, K y ________________________ ________ - ___________________________________i _____ _______________________
814,758 92
Owensboro, K y _ ___________________________________________ -_£----- _ _ ------------ *________________________ _________________
>*
219 54
B oyles, Ala
_____ ____________________________ __________________________ __ ___________________ _____________________
13,250 00
M ontgom ery, A la _______ ^ —
__________ __________________________________ _______________________________ ___________
9,954 41
Mobile, A l a _________________________________________________ ____________________________________________________________
11,896 13
Lebanon Junction, K y ______ _
_______________________ ______________________ _____ ________.,______________________________
3,150 00
Nashville, T e n n _____________ ________________ ________ •
_____________________ ___________________________________________
6,500 00
59,729 Off
Completion of Double Track between Birmingham and Calera, and Reduction of Grades between Birmingham and Mont
gom ery.
__________ ^ _ ________ _______________________________ __________ ______________________________________________________
Additional Facilities—
W ater Street, Louisville, K y - L _____________ f e __________________________________________ *_______________________________________________________________
8 4 ,6 1 0 0 6
Covington, K y ___________________________________________ _ _ ______ _________________ ________________________ ___________ ______________________________________
1 6 ,8 8 5 5 9
52,1 2 2 95
Earlington, K v - _______ _____________________ _________________________________________________ _________________________
New Decatur, A la_____________ :----------------- ----- ---------------------- ---------------------- _.____ _________________________ ____ _____
24,969 37
Rails— Value of the difference in weight of new steel rails laid, replacing rails of lighter weight___________________________
Bridges_____ _ _ _ ^ _ h _ _ _____ ________________ _____ __________________ ____ __________ ____________________ _ ___ ___________
_
W harf Im provem ents— Pensacola, Fla.— Central W harf____________ ______________ ________________________________________
Electric lights— South Louisville yard____________ ______________ ____________ , ______;_ ______________________________________
Raising grade through W abash River B ottom — St. Louis Division______________________________________________ ____________
Construction o f streets, paving, lire hydrants, &c------------------------ ------------------------------------ ----------------------------------- --------------Fire protection at various p o i n t s . ______________ ________________________________________________ ________________________
Change in Alignm ent—
Main Stem , Second D i v i s i o n . _____ _____________________ _^_____ _________---------------------------------------------------------- ____
K entucky D ivision ______ ______________; _ __________ ._______ ____________________________________ ______________________
_
25,000 Off
98,587
103,512
163,041
2,445
509
18,788
12,877
1,071
1,212 05
518 62
Lining tunnel No. 1 , Cincinnati D iv is io n ____________________
Telegraph lines______________________________________________
Filling trestles, _______________________________________________
W idening fills, Alabam a Mineral Division___________________
W idening em bankm ents, &c.— Nashville & Decatur Division
Change in grades—
Nashville & D ecatur Division.^§=-___________ _______________ =_______________ ---------------------------------------------- ------------------K noxville D ivision______ _________________ _________________ _______________ =
-------- ______ -------------------------
44
12
97
2ff
71
6305
36
50
89 23
5,844 21
97
05
21
35
55
43
08
00
1,730 67
34,814 54
11,024 0 2
4,407 0 2
6,157 2-1
5,000 00
5,933
7,485
7.861
1,066
1,257
5,865
1,722
K noxville Division— Halsey Branch, re-construction. _.
Atlanta D ivision, Im provem ents of operated l i n e . . . - .
Ditching Right o f W a y, Henderson Division__________
Autom atic S ig n a ls____________________________________
Double Track E xtended at Howell, St. Louis Division
Sundries____________________ :___________ _ ____________
Total for year ending June 30 1906________ ________________ ________________ _ _ _ _ ^ ^ ---------------------------------------------------The charges to this account for year ending June 30 1905 amounted t o _____ --------------------------------------------------------------
44
51
12
40
52
91
47
$2,586,630 48
2,562,314 40
Increase.____________ ____________ i ______________ _______Li____ - ________ ____________________- - - — ------------------$24,316 08
R A IL S .
The rails in m ain track op erated, except trackage righ ts, on June 30 1906 are shown below :
Steel Rails—
Under 58 M pounds per y a r d . _____________________________________________ __________ _______________________________
168.17 miles
58 % pounds per y a rd _______________________ __________________________________________________ _________________________ 884.18 miles
60 to 65 pounds per y a r d _____________________________________________________ - - - - - ____________________________________ 290.85 miles
6 8 pounds peir yard_________ L____.______ __________ *4 *
__________________________ 4 4 .___________--------------------------------------74.97 miles
70 pounds per ya rd ____________________________________________ _________________ __________________ _____________________1,395.73 miles
80 pounds per y ard ----------__ _ _ _ --------------------- ------------------------------------------- -------------- ------------------------------------------------------1,189.41 miles
85 pounds per yard_______________ __________ ____ u_________ ____ ; _________ !_____________________ _ - -------. ----- ; ----------------_
12.52 miles
------------ -4,015.83 miles
Iron R ails_____ ________________ _______________________________________________ _________ ____________ ________________ ________
7.33 miles
T ota l________ ___ ____ ___ _____ l______________________ _ _ __________ ___________________ ________ ____________________
To which add operated under trackage arrangements___________________________ ____ __________________ _____________________
4,023.16 miles
1S2.39 miles
Total mileage owned and operated (see preceding p a g e ) ---------------------------------- -------------------- ---------------------------------------
4.205.55 miles
T he rails in m ain track ow ned, operated b y other com panies, on June 30 190 6 are shown below :
Steel Rails—
56 pounds per y a r d ________________________ ________________ ____________________ „ _______________________________________
58 Si pounds per ya rd _______________________ ____ _____________________________________ ___________________________________
60 pounds per yard_____________________________________ _____________________________ ____ - _____ _______________________
6 8 pounds per ya rd ______________________________________________________________________________________________________
85 pounds per y a rd __________ _________________ __________________________________ ________________________________________
133.63
4.23
117.06
1.79
18.19
miles
miles
miles
miles
miles
Less portion of Paducah & Memphis Division used by L. & N. Railroad under trackage arrangements-----------------------------------
274.90 miles
5.46 miles
Total mileage operated b y other companies (see preceding page)_____________ __________________________________________
269.44 miles
PAYM ENTS
ON
ACCOUNT
OF
S IN K IN G
FUNDS,
1 9 0 6 -1 9 0 7 .
Newport & Cincinnati Bridge Co_________________________________________________________________________ July 1 1906
Henderson Bridge C o_______________________ ^___ ________________________________________________________ Aug. 1 1906
Pensacola D ivision_______________________________________________________________________________________ Sept. 1 1906
Louisville & Nashville— South & North Alabama Railroad Trust D eed__________________________________ Oct.
1 1906
Evansville Henderson & Nashville D ivision______________________________________________________________Dec. 1 1906
Louisville Cincinnati & L exin gton Railway, Second Mortgage____________________________________________ Jan.
1 1907
_
Pensacola & Atlantic R a i l r o a d _ _____________________________________________________________________ Feb. 1 1907
General M ortgage_________________________________________________ ________________ ______________________ June 1 1907
Total
$14,000
S ,400
2 1 ,0 0 0
2 0 ,0 0 0
82.500
10,000
73,700
445,500
$675,100
O c t 6 1906.]
825
THE CHRONICLE.
G U AR A N T I US.
The Company has guaranteed, by endorsement or by agreement, the following obligations of other Companies:
South £ North Alabama Railroad Company Consolidated Mortgage 5 per cent Gold Bonds —
B onds
in ter est P e r
1
® °
r
Issu ed .
E n d o r s e m e n t c o v e r s p r i n c i p a l a n d i n t e r e s t ..................................................................................................................................................................................................$ 8 , 0 0 0 , 0 0 0 0 0
Annum .
$ 4 0 0 ,0 0 0 0 0
Louisville & Nashville Terminal Company First Mortgage 4 per cent Gold Bonds—
E n d o r s e m e n t , j o i n t w i t h N a s h v i l l e C h a t t a n o o g a & S t . L o u i s R a i l w a y , c o v e r s p r i n c i p a l a n d i n t e r e s t o f b o n d s I s s u e d ....................
2 535 000 00
1 0 1 ,4 0 0 00
Dividend—
Nashville & Decatur Railroad, Rent
U n d e r le a s e o f t h i s p r o p e r t y t h e p a y m e n t o f 7 H % a n n u a l d i v i d e n d t o s t o c k h o l d e r s Is g u a r a n t e e d a s r e n t .
A m o u n t o f C a p ita l
S t o c k $ 3 , 5 5 3 , 7 5 0 0 0 - - - ..................- ...............................................................................................................................................................................................................
2 6 0 ,5 3 1 2 5
Terminal Railroad Association of St. Louis—
O n e -fo u r t e e n t h o f in t e r e s t o n $ 1 8 ,0 0 0 ,0 0 0 G e n e r a l M o r t g a g e 4 % G o ld B o n d s n o w o u t s t a n d in g — o n e y e a r ’s in t e r e s t , $ 7 2 0 0 0 0
L . & X . R ’ d C o . ’ s p r o p o r t i o n , o n e - f o u r t e e n t h .................................. ............. ............. .............................. .................................................................................
5 1 ,4 2 8 5 7
Georgia Railroad Lease—
T u e c o m p a n y is l i a b l e j o i n t l y w i t h t h e A t l a n t i c C o a s t L i n e R a i l r o a d C o m p a n y f o r t h e ~ y e a r l y r e n t a l , u n d e r t h e l e a s e o f t h e
G e o r g ia R a ilr o a d , a m o u n t in g t o $ 6 0 0 ,0 0 0 , in t h e p r o p o r t io n o f o n e - h a lf e a c h .
T h is C o m p a n y ’s p r o p o r t io n , p e r a n n u m - _
3 0 0 ,0 0 0 0 0
E Q U IP M E N T .
L O C O M O T IV E S .
T h ere H a v e B een C h a rged t o —
O p e r a tin g E x p e n s e s . L o c o m o t iv e R e p a ir s —
D i r e c t c h a r g e s f o r r e p a i r s o f l o c o m o t i v e s _________ _________
C h a r g e s t h r o u g h R e s e r v e A c c o u n t t o r e p l a c e 10 d e s t r o y e d
$ 2 ,8 6 3 ,7 1 0 60
1 3 9 .0 5 0 0 0
---------------------------- $ 3 , 0 0 2 , 7 6 6 6 9
O p e r a tin g E x p e n s e s . I m p r o v e m e n t A c c o u n t —
C h a rg e s th r o u g h R e s e r v e A c c o u n t fo r a d d itio n s t o e q u ip m e n t
2 0 0 ,9 5 0 0 0
$ 3 ,2 0 3 ,7 1 0 69
CARS.
PASSEN GER
T h ere H a v e B een C h a rg ed t o —
O p e r a tin g E x p e n s e s . P a s s e n g e r C ar R e p a ir s —
D i r e c t c h a r g e s f o r r e p a i r s o f c a r s ----------------------------------------------C h a rg e s th r o u g h R e s e r v e A c c o u n t t o r e p la c e 4 d e s tr o y e d
$ 5 3 6 ,6 1 3 8 0
1 9 ,5 0 0 0 0
------------------------
$ 5 5 6 ,1 1 3 8 0
O p e r a tin g E x p e n s e s . I m p r o v e m e n t A c c o u n t —
C h a rg e s t h r o u g h R e s e r v e A c c o u n t fo r a d d it io n s t o e q u ip m e n t
7 7 ,4 0 0 00
6 3 3 ,5 1 3 8 0
F R E IG H T
CARS.
T h ere H a v e B een C h a rg ed t o —
O p e r a tin g E x p e n s e s . F r e ig h t C a r R e p a ir s —
D i r e c t c h a r g e s f o r r e p a i r s o f c a r s _____________________________________
C h a r g e s t h r o u g h R e s e r v e A c c o u n t t o r e p l a c e 1 ,1 4 7 d e s t r o y e d
_________________ $ 2 , 0 6 8 , 6 2 9 3 9
_______________
6 9 9 ,8 3 5 0 0
----------------------------- $ 2 , 7 6 8 , 4 6 4 3 9
O p e r a tin g E x p e n s e s . I m p r o v e m e n t A c c o u n t —
C h a rg e s th r o u g h R e s e r v e A c c o u n t fo r a d d itio n s t o e q u ip m e n t
A d d it io n a l e q u ip m e n t n o t c h a r g e d th r o u g h R e s e r v e A c c o u n t —
L o u i s v i l l e & N a s h v i l l e R a i l r o a d ___________________________________
S o u t h & N o r t h A l a b a m a R a i l r o a d ________________________________
____ __________
$ 5 4 5 ,2 0 0 0 0
1 6 5 ,0 0 0 0 0
------------------------
$ 1 4 1 ,6 9 0 0 0
7 1 0 ,2 0 0 0 0
-----------------------------
8 5 1 ,8 9 0 0 0
3 ,6 2 0 ,3 5 4 39
T o t a l ___________ _________________________________________________________________________________ - ______________________ ____________ _____________________ $ 7 , 4 5 7 , 5 7 8 8 8
T h e a b o v e c h a r g e s fu lly m a in ta in a n d p e r p e t u a t e t h e L o c o m o t iv e , P a s s e n g e r a n d F r e ig h t C ar E q u ip m e n t .
P a sse n g e r C a r s.
L o c o m o t iv e s .
L o u i s v i l l e cc N a s h v i l l e R a i l r o a d .
O n h a n d J u ly 1 1905
_
B o u g h t a n d b u ilt
______ C h a n g e d ___
___
-
_____
______
-
-
- -
-
.
_
_
___________
_ —
.
_
_______
705
z30
O n h a n d ______
.
_
__
___ ___
_
_ _
_ _
___________
—
S o u t h <c N o r t h A l a b a m a R a i l r o a d .
5
B o u g h t a n d b u ilt d u r in g th e v e a r _
_____________
___ _______ ____
D e stroy ed
_
_ _____
_ _
_
_
_
__
-
7 3 5 ------------- 5 4 1
10
.
------
_ _ _
___
_
3 3 ,2 4 1
2 /4 ,2 8 9
515
k2 6
------------D e s t r o y e d , s o ld a n d c h a n g e d
*R o a d w a y C a r s.
1 ,1 4 9
h2
173
3 7 ,5 3 0 ------------1 ,1 4 4
535
1 ,3 2 4
35
36,386
-------------
6
725
________
__ __________
F r e ig h t C a r s.
1 ,2 8 9
20
250
3
, S B s g jig
On hand
x
h
y
h
_
_____________
___________
_ _
_
_
_
._ _
_ _
_
__
20
—
247
T h e co s t o f m a in ta in in g th e s e ca rs h a s b e e n c h a r g e d t o O p e r a tin g E x p e n s e s , F r e ig h t C ar R e p a ir s .
I n c l u d e s 1 6 L o c o m o t i v e s c h a r g e d t o C o s t o f R o a d a n d E q u i p m e n t _____________________________________________________________
$ 9 6 ,0 9 2 4 8
I n c l u d e s 4 c a r s c h a r g e d t o C o s t o f R o a d a n d E q u i p m e n t ____________________________________________________ _____ ___________________
_ 5 0 ,0 6 9 3 6
I n c l u d e s 1 .2 5 0 c a r s c h a r g e d t o C o s t o f R o a d a n d E q u i p m e n t ________________________________________________________________________
1 ,2 6 0 ,9 1 6 04
I n c l u d e s 1 S t e a m W r e c k e r c h a r g e d t o C o s t o f R o a d a n d E q u i p m e n t ----------------------------------------------------------------------------------------------1 1 ,4 7 8 1 8
T o t a l C h a r g e s t o C o s t o f R o a d a n d E q u i p m e n t ________________________________ ________________ ______________________________________ ____________________$ 1 , 4 1 8 , 5 5 6 0 6
M A IN T E N A N C E
OF
E Q U IP M E N T .
All locomotives and passenger or freight cars destroyed or sold are replaced by equipment of the present standard,
and the cost of such new equipment is charged to Operating Expenses— Locomotive, Passenger Car and Freight Car Re
pairs. The average cost per mile for repairs to equipment for the past ten years has been as follows:
1 8 9 6 -9 7 .
C e n ts .
L o c o m o t i v e r e D a i r s . p e r m i le . __________
P a s s e n g e r c a r r e p a i r s , p e r m i l e ________ _
F r e ig h t c a r r e p a ir s , p e r m ile
- __
1 8 9 7 -9 8 .
C e n ts .
1 8 9 8 -9 9 .
C e n ts .
1 8 9 9 -0 0 .
C en ts .
1 9 0 0 -0 1 .
C e n ts .
1 9 0 1 -0 2 .
C e n ts .
1 9 0 2 -0 3 .
C en ts.
1 9 0 3 -0 4 .
C e n ts .
1 9 0 4 -0 5 .
C e n ts .
1 9 0 5 -0 6 .
C e n ts .
4 .8 1 2
1 .3 9 9
0 .5 8 1
5 .1 4 1
1 .3 0 8
0 .7 1 7
5 .5 6 3
1 .4 1 2
0 .6 5 9
6 .1 8 7
1 .8 5 3
0 .6 7 5
6 .0 4 3
1 .4 0 1
0 .7 1 2
6 .2 2 6
1 .4 2 9
0 .7 0 0
6 .5 6 0
1 .4 1 0
0 .8 0 0
6 .9 6 2
1 .2 6 7
0 .8 8 9
6 .7 4 7
1 .2 9 0
0 .8 2 0
9 .1 0 2
1 .6 4 6
0 .8 6 5
All the equipment of the Company is provided with both air-brakes and automatic-couplers except freight equip
ment, which is equipped complete with automatic-couplers only. The number of freight cars equipped with air-brakes
on June 30 1906 is 35,151. or 95.94 per cent.
The following table shows the equipment on hand at the close of each of the past ten fiscal years:
L O U IS V IL L E
1 8 9 6 -9 7 .
L o c o m o t i v e s ___________ __________ ____________
P a s s e n g e r c a r s ___ ____________
___________
F r e i g h t c a r s ________
___ ____________ ______
R o a d w a y c a r s ________ _______ _____ ______
549
439
1 9 ,6 6 0
466
&
N A S H V IL L E
R A IL R O A D
AND
OPERATED
L IN E S .
1 8 9 7 -9 8 .
1 8 9 8 -9 9 .
1 8 9 9 -0 0 .
1 9 0 0 -0 1 .
1 9 0 1 -0 2 .
1 9 0 2 -0 3 .
1 9 0 3 -0 4 .
1 9 0 4 -0 5 .
1 9 0 5 -0 6 .
547
446
2 0 ,3 7 5
502
546
450
2 1 ,2 8 5
519
557
447
2 3 .4 0 2
525
563
456
2 3 ,6 6 3
,
534
589
462
2 4 ,8 8 0
586
605
471
2 8 ,1 1 8
705
676
501
3 0 ,9 0 5
779
705
515
3 3 ,2 4 1
1 ,1 4 9
745
535
3 6 ,6 3 3
1 ,2 8 9
RESERVE
AC C O U N T.
B y r e f e r e n c e t o t h e F i f t y - t h i r d A n n u a l R e p o r t , p a g e 1 1 . it w ill b e s e e n t h a t t h e r e w a s t o t h e c r e d i t o f
th is
accou n t
unexpended,
on
June
$31
i
T o w h ic h A d d — A p p r o p r i a t i o n s m a d e d u r i n g p r e s e n t lis c a l y e a r :
F o r R o llin g S to c k —
Locomotives—
C h a r g e d t o O p e r a t in g E x p e n s e s , L o c o m o t i v e R e p a ir s —
C h a rg e d t o O p e r a tin g E x p e n s e s . I m p r o v e m e n t A c c o u n t
.......................
-
P assen ger C ars—
C h a r g e d t o O p e r a t in g E x p e n s e s . P a s s e n g e r C a r R e p a ir s .
C h a rg e d t o O p e r a tin g E x p e n s e s , I m p r o v e m e n t A c c o u n t
F r e ig h t C a rs—
C h a r g e d t o O p e r a t i n g Expenses, F r e i g h t C a r R e p a i r s
C h a rg e d t o O p e r a tin g E x p e n s e s , I m p r o v e m e n t A c c o u n t .
—
. _ —
--------- ------- . .
--
—
—
.
-----------......................
-------------- —
............
.
$ 1 3 9 ,0 5 0
2 0 0 ,9 5 0
------------------------------------- $ 3 4 0 ,0 0 0
$ 1 9 ,5 0 0
7 7 ,4 0 0
---------------------------
9 6 ,9 0 0
$699,835
1 4 1 .6 9 0
----------------------
841.325
$1 .2 7 8 .4 2 5
F o r D e p r e c i a t i o n o f M in e T r a c k s
100.000
I .3 7 8 ,4 2 5 0 0
THE CHRONICLE.
826
|V O L . L X X X I I I .
Brought forward------ ----------------------------------- -----------------------------------------------Against which There H ave Been Charged During the Present Fiscal Year—
For Rolling Stock—
L o c o m o t iv e s ________________________________ ________________ _______
Passenger Cars_______ _____________________________________________
Freight Cars------------------------ --------------------------------------------------------------
.698,132 4
$190,184 74
136,260 14
912,821 45
For im provem ents, Bloomfield Branch.
$1 ,239,260 53
325 62
1,239,591 95
$458,540 52
Balance unexpended.
A ccou nted for as follows:
For Rolling Stock
____ _________
For General Purposes
For Im provem ents, Bloomfield Branch
For Depreciation o f Mine Tracks
$174,755 21
69,099 13
14,680 18
200,000 00
$453,540 52
C IN C IN N A T I-A T L A N T A L IN E .
The reduction of grades to sixty-five one-hundredths of one per cent compensated for curvature, in both directions,
between Knoxville and Etowah, Tenn., and the construction of the new line with grades of the same percentage between
Etowah, Tenn., and Cartersville, Ga., having been completed, and a trackage contract over the Western & Atlantic Rail
road from Cartersville to Atlanta, Ga., having been entered into, this Company’s new low grade line between Knoxville
and Atlanta was opened for freight traffic during the year. The reduction of grades between Corbin and Saxton, K y.,
has not yet been completed.
C H E S A P E A K E & N A S H V IL L E R A IL W A Y .
The Company purchased during the year the properties and franchises of the Chesapeake & Nashville Railway, ex
tending from Gallatin, Tenn., to Scottsville, K y., 35.92 miles, and the Middle & East Tennessee Central Railway, ex
tending from Hartsvillc Junction, Tenn., to Hartsville, Tenn., 11.36 miles, for $300,000. These roads will be operated
as part of the L. & N. system from July 1 1906.
H E N D E R S O N B R ID G E & R A IL R O A D CO.
The legal title to the property, rights, privileges and franchises of the Henderson Bridge & Railroad Company (for
merly the Henderson Bridge Co.) was conveyed to the Louisville & Nashville Railroad Company by deed dated June 30 1906.
The property, consisting of the bridge across the Ohio River at Henderson, K y., and connecting tracks to Howell,
Ind., 10.03 miles, has heretofore been operated by this Company under lease, having been controlled through ownership
of the entire issue of its capital stock.
Y E L L O W R I V E R R A IL R O A D .
The legal title to the property, rights, privileges and franchises of the Yellow River Railroad Company was conveyed
to the Louisville & Nashville Railroad Company by deed dated June 26 1906.
The road, extending from Florala, Ala., to Crestview, Fla., 26.40 miles, heretofore controlled by this Company, but
operated under a separate organization to June 30 1906, inclusive, will be operated by the Louisville & Nashville Railroad
Company from July 1 1906.
S A L E OF BONDS.
The Company has now under construction, or has completed during the j'ear, additions and improvements authorized
by the Board of Directors aggregating $19,959,474 84, distributed as follows: for grade reductions and double track
$7,592,738 71; for new railroads, extensions and branches $6,624,773 64; for new equipment undelivered June 30th 1906
$2,472,732 84; for new terminal facilities $3,269,229 65, making total as above.
To reimburse the Treasury for construction expenditures already made and to provide funds for their completion,
the Company sold during the fiscal year $10,000,000 of its Atlanta Knoxville & Cincinnati Division 4 per cent Gold Bonds,
which yielded net to the Company $9,750,000, and $4,500,000 of its Unified 4 per cent Gold Bonds which yielded net
to the Company $4,585,100. The discount and premium respectively on these two sales have been closed into Profit
and Loss.
IN C R E A S E IN O P E R A T IN G E X P E N S E S .
The better weather conditions with more work under construction, the increased cost of all classes of labor and ma
terials, the rebuilding of the Louisville Passenger Station, the repairing of World’s Fair equipment, the yellow fever for
five months on the Southern Divisions, and the unusual number of destructive accidents, account for most of the increases
in operating expenses, except “ Locomotive Repairs,” which increased 50.6 per cent, due to heavy repairs required upon
seventy-six new engines put in service in 1904 and twenty-one old ones taken over with the Atlanta Knoxville & Northern
Railroad, and to deferred light and heavy repairs during the time of removal from the old to the new shops at South Louis
ville, which period was marked by a phenomenal increase in tonnage, and consequent additional strain upon motive power.
Attention is called to the report of the Comptroller for the details of the year’s business.
The Board acknowledges the fidelity and efficiency with which the officers and employees of the Company have served
r
its interests.
For the Board of Directors.
H. WALTERS. Chairman.
M. H. SMITH. President.
H A S K IN S & SE LLS.
C E R T IF IE D P U B L IC A C C O U N T A N T S .
30 Broad Street, New Y ork.
New York, September 28 1996.
Henry Walters, Esq., Chairman of the Board, Louisville & Nashville Railroad Company, 71 Broadway, New York.
We have examined the books and accounts of the Louisville & Nashville Railroad Company for the fiscal year ended
June 30 1906, have verified all cash and security balances by actual count, or comparison with receipts and certificates
of deposits, and have examined carefully all details of earnings and expenses and all charges to capital accounts, and
We hereby certify that the accompanying General Balance Sheet and statements of Income and Profit and Doss are
correct, and truthfully set forth the results from the operation for the period shown, and the financial condition June 30 1906.
H A S K IN S & S E LL S , Certified Public Accountants.
REPORT
A C C O U N TIN G
DEPARTM ENT,
OF THE
L O U IS V IL L E
COMPTROLLER.
& N A S H V IL L E
R A IL R O A D
C O M PA N Y .
Louisville, K y., September 17 1906
Mr. M. H . Smith, President.
Dear Sir: I submit herewith statements showing the financial condition of the Company, and the results from opera
tion for the year ended June 30 1906, as shown in the following tables:
No. I.— Income Account.
No. VI — Cost of Road and Equipment.
No. II.— Profit and Loss.
No. V II.— Gross Earn., Operating Exp., and Net, by Mos.
No. III.— General Balance Sheet.
No. VIII.— Total Earnings. Operating Expenses, and Net.
No. IV .— Bonded Debt & Est. Int. Charges for 1906-1907.
No. I X — Operating Expenses, in Detail.
No. V.— Securities Owned by the Company.
No.
X .— Passenger and Freight Statistics.
Very respectfully,
CHARLES
H A Y D O N , Comptroller.
THE CHRONICLE.
Oct . 6 1906. J
827
TABLE NO. I .— INCOME ACCOUNT.
Incom e from T raffic—
Earnings— From freight tr a ffic . .
From passenger traffic From transportation of mails
From express traffic
From miscellaneous sources _
Total earnings---------
$31,536,206
8,085,215
007.330
058,385
621,840
$6,537.607
7,701,863
15,639,420
064.483
-
73
58
10
72
01
27
13
05
26
5 43.008,006 23
E xpenses— For maintenance o f way and structures
For m aintenance o f e q u ip m e n t----------- ---------For conducting tran sportation .
- - - - - For general expenses________ . ----------------------T otal operating expenses 71.02 per cent
30,933.463 71
Net earnings from tra ffic, 28.08 per cent
Incom e from Rents—
Clarksville & Princeton Division —
Paducah & Memphis D ivision — -----St. Louis P rop erty _______________
_________
t E q u ip m e n t_________________
_____
—
Various Sources .
-------—
12 ,075,532 52
$12,039
204,474
25,316
324,563
43,981
Incom e-from Investm ents—
Louisville & Nashville Term inal C o.. Interest on Bonds
_
_
_
Birmingham Southern R ailroad. Interest on Purchase Price and Im provem ents
C hicago Indianapolis & Louisville R ailw ay Stock
_____
Jackson Lumber C om pany B o n d s . - - ___ ____ -----N ashville C hattanooga & St. Louis R ailw ay S tock .
Charleston Term inal Co. B o n d s----- -------------------------__
____
Sundry Bonds and S tock s_______________________________________________
Interest from Various Sources
___
$101,359
32,760
224,571
34,166
358,880
70
28
36
86
50
$610,375 70
15
65
50
66
00
12,000 00
50,580 96
814,318 92
142,081 44
____
1.566,776 06
$13,642,308 58
From which D educt—
Charges against Incom e— Interest on bonded d e b t—
____
$5,601,933 90
Rents paid for lease of R oads— Guaranteed dividend on Nash. & Dec. R R . Stock $118,061 25
R ents o f other R o a d s ---------------------- --------------------------------------------50,179 0 6 - 168,240 31
Taxes
____
___________
_________
___________________________
1,141,514 51
$6
Sinking Fund Charges— Direct paym ents for which no bonds are received ____
A ccrued interest on C o.’s Bonds in Sinking F u n d s ____ __________
R eserve for D oubtful A cco u n ts------------- ------------------------------------------- .. -----------South & North A labam a Railroad Com pany surplus for year included in above
$213,350 00
28,499 99-
$241,849 99
35,970 93
104,424 43
,911
,6 8 8
72
382,245 35
7,293.934 07
$6,348,374 51
Net incom e for the year,
_______ ______
Less—
Cash dividen d, 3 per cent, payable February 9 1906
Cash dividen d, 3 per cent, payable August 10 1906 -
,800,000
1,800,000
$1
00
00
3,600,000 00
$2,748,374 51
Surplus after paym ent of dividends, transferred to the credit o f Profit and Loss A ccount.
TABLE NO. II.— PROFIT AND LOSS ACCOUNT.
C R E D IT S .
Balance to credit o f this account June 30 1905______ - -------------- ---- ----------------------------------------------------------------------------Sinking Fund Paym ents for which no Bonds are-received, charged to Incom e A cco u n t______ ___________________________
Interest accrued on C om pany’s Bonds in Sinking Funds_ - __
___________
- ______________________________
Prem ium received on Unified Bonds sold during the y e a r_____
______
______
_________________
.Assets o f the Conecuh Land & Lumber Com pany distributed to Stockholders (Louisville & Nashville Railroad Com pany
sole ow ner of Stock) _
----------------- ------------------------------------------------------------------------------------------------ -----------R efunded b y Pullman Com pany for excess mileage paid on sleeping cars prior to June 30 1905 - ---------------------------------Profit from operation of N ew port & Cincinnati Bridge from time acquired until the operation o f the property was taken
into Louisville & Nashville Railroad a c c o u n ts ___
_____
_
_ ______
_____________________________________
Over-run in Fuel S tock. Cum berland V alley D ivision, May 1905, which was not adjusted in 1905 accou n t pending
investigation __________________________________________________ ____________________ ___________________________________
From Southern R ailw ay for interest account Clear Fork Branch, accruing prior to July 1 1905.
_____________________
Sundry adjustm ents in account “ Material, P roperty of the Com pany, In Private Sidings,” during the year------------------S ettlem ent o f claim against Josiah Morris & C o., which account was charged to Profit and Loss June 30 1904______
A djustm ent of Taxes for year 1904, Henderson Bridge C om pany, originally paid by the Louisville & Nashville R ail
road C o m p a n y ________________________________________________________________ ________________________________________
Sale o f lands in State of A labam a_____ ______________________ . - -------------------------------------- ------------------ --------- ----------U npaid am ounts on audited P ay-R olls prior to July 1 1901, closed off- ----------------------------------------------------------This C om pany’s proportion of incom e from operation o f Georgia Railroad Lease, and incom e from leased securities
for year ended June 30 1906----------------------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------- —
A djustm ent o f accounts with Subsidiary C om pa nies-_
Sundry credits and am ounts realized from various sources.
------------------------------- - ----------------------------------------Net surplus from operation for year ended June 30 1906, transferred from Incom e A ccou n t______
________ ______
D E B IT S .
$14,899,106
213,350
28,499
85,100
26
00
99
00
53,884 60
20,011 20
11,431 87
10,911
14,581
10,863
6,985
90
98
49
97
3,911 35
42,150 48
7,288 67
147,093
224,613
11,232
2,748,374
52
15
52
51
$18,539,391 46
Ten per cent premium on Bonds redeem ed for Sinking Funds
------------ ----------------------------------------------------------------Bonds purchased by Trustees o f Sinking Funds brought to par on ledger_______
_____________
__________
Discount on A tlanta K n oxville & Cincinnati Division Bonds sold during the y e a r----------------------. _________________
Taxes for prior years paid this year
________________________________________________________________________
$6,958 06
_______ ---------------------------- _
- 3,004 19
Less taxes for prior years refunded_______________________________
$53,300 00
1,860 50
250,000 00
Reserve for Depreciation o f Mine T rack s_________
___
Sundry debits from various sou rces._________
Balance to credit o f Profit and Loss A ccou n t June 30 1906
1 0 0 ,0 0 0 00
3,953 87
231 27
18,130,045 82'
$18,559,391 46
TABLE NO. III.— GENERAL BALANCE SHEET.
DR.
A S S E T S , ETC.
Cost o f R oa d , E quipm ent, etc (Table V I ) _______________ ____ _____ _____________ _
Real Estate, Quarry and Tim ber L an ds___________ _______ . . -----------—
Im provem en ts and Betterments
.................. ............... __ ___
______ r _.
Investm ents (Table V) —
Bonds o f Other Com panies— In T r e a s u r y ______
____
In Trusts and Sinking F u n ds________
Stocks of Other Companies— In T reasury____
In T ru sts____________ __
-
—
Advances to Subsidiary Companies
Material and S u p p lie s ________
Material in Private Sidings
Uninvested Sinking Funds and Deposits with M ortgage Trustees
Current Assets—
on hand
Cash on special deposit
___
Cash on deposit to pay coupons and dl\ Idends.
Cash on deposit to pay matured bonds
Rem ittances in transit
Due from agents and conductors
T ra ffic balances due from other com panies
Bills receivable, less reserve for dou btful n otes.
A ccounts receivable, less reserve for doubtful accounts
A ccou n ts Awaiting Distribution .
U nadjusted Claims, less Reserve for this C om pany’s Proportions
Contingent Assets—
South & North Alabam a Railroad Co 5 per cent Consolidated Gold bonds outstanding endorsed
,
by Louisville Sc Nashville Railroad Co
Bills payable -E n dorsed by Louisville & N ashville Railroad Co
$160,354,362 81
1 ,102,734 06
3,367,297 53
$3,529,557 41
10.267,000 00
4,751,180 25
11 ,612,305 85
$13,796,557 41
16,363.486 10
30.160,043
3.613.507
4.8 17.305
642,710
98,068
51
93
18
31
49
$4,184.71 5 89
3,943,876 39
108,959 23
8 , 0 0 0 00
8.245,551
560,720
1 .062,383
330,375
221.047
2.292,627
511
91
36
96
42
23
12.712,700 39
3 9 1 .1 1 0 6 9
2 8 .3 0 9 6 6
$3,247,000 00
7,000 00
3,25 1.000 00
$220,512,516 50
The Balance Sheet does not Include bonds of the C om pany's Issues which are free In Its Treasury-
for details see Table V .
828
T H E CH RO N ICLE.
CR.
|VO L. L X X X III.
LIABILITIES, ETC.
Capital Stock—
Full shares outstanding.. ___________ _ _ ____________________ _ _ _ ______ _______
Fractional shares outstanding
_
_ ___ _
~ .............
....... ........
Original stock and subsequent stock dhldends unissued. .. . .
_____________
_____________________________
$59,916,400 00
720 00
82,880 00
Bonded Debt Outstanding (Table IV ).
. _______ - - .
. _ _ _
Current Liabilities— Bonds due and unpaid (Table I V ) ... _____ __ _ _________________ _________
Agents' d r a ft s ____ . ______
_ _ _____ _
_________ ________
_ _ _ __
_
_ ______ ___________
Pay Rolls— June 1906, audit unpaid
._ --------- — - _____ ____ _ .
_
_____ §1,850,610 41
May 1906, and prior audits unpaid_
_
..
---- ------------------------------------------------ ------- -----154,550 99
$109,000 00
146,207 21
2,005,161
2,185,001
1,316,485
829,763
45,384
1,800,000
581,650
100,472
421,047
6,256
Vouchers and accounts payable.
._ - _ _
____ __________ ________________________
Interest and rental due and unpaid.
........................
.....
_ _ __________
Interest and rental accrued but not d u e .. _ ____ ________________________ __________
Dividends due and unpaid
__
___ __________
- - - - _____ _
_ ___________ _
Dividends payable August 10 1906 . . . . . .
_
_ .
_ _ _ ______________
Taxes accrued but not paid
_
.
..
............. _.
_ _ ________ ____
Unpresented mileage and excess baggage coupons— _ __
_
_
__ _ _ ____________________
Traffic balances due to other com panies.
_
- . _______
________________ _
Other accounts accrued
____
___
_
.
_
_________
Reserve A ccounts— For depreciation of Mine Tracks _ _____ , _
For other purposes ’
______ _ _ _.
...
_
_
_ .
_____
___________________ _______
_
______________
_ _ _ ______
_ _ __________
40
92
00
34
10
00
41
53
27
14
9,546,430 22
$200,000 00
258,540 52
Contingent Liabilities— South Sc North Alabama R R . Co. 5 per cent Consolidated Gold bonds [outstanding endorsed
b v Louisville Sc Nashville Railroad Co ___
_
_ _
_ _ _ _
_
Bills payable— Endorsed by Louisville Sc Nashville Railroad C o ______ .
_____ __
Profit and Loss— Excess of assets over liabilities..,
$60,000,000 00
129,153,500 00
458,540 52
$3,247,000 00
7.000 00
3,254,000 00
18,130,045 82
__ _
$220,542,516 56
TABLE NO. IV .— BONDED DEBT LOUISVILLE & NASH. R.R. CO. AND SUBSIDIARY LINES JUNE 30, 1906.
(In c lu d in g also G u a ra n te e d D iv id e n d s o n S to ck ,^ N a sh v ille a n d D e c a tu r R a ilr o a d .)
Mortgages on Railroads.
* C ecilia B ra n ch M o r tg a g e ___ __
L o u . C in. S L e x . R y . 7 S e c o n d M o r t___
c
Y e llo w R iv e r R ’ d , 1st M ort
E v a n s . H e n d . Sc N a s h v . D i v ., I s t M t g .,
G o l d _________
__ ________________
P e n s a co la D iv is io n , 1st M ., G o ld ______
S o u th e a st S S t. L . D i v ., 1st M ., G o ld .
c
P e n s . Sc A tla n tic R R . , 1st M tg ., G o ld .
N e w O rl. S M o b ile D i v ., 1st M ., G o ld
c
N e w O rl. S M ob ile D i v . , 2 d M ., G o l d . _
c
G en era l M o rtg a g e , G o ld
H e n d e rso n B rid g e C o ., 1st M tg ., G o ld .
L o u ., Cin. S L e x . R y . , G en . M ., G o ld
c
F irst M o rtg a g e , 5 0 -y e a r , G o ld _
B irm in g h a m M in . R R . , 1st M t g ., G o ld
N a sh . F lo r. Sc S h e f’ d R y . , 1st M ., G old
A la b a m a M ineral R R . , 1st M tg ., G o ld
U n ifie d , 5 0 -y e a r , G o ld
N e w p . S C in ’ ti B rid g e C o ., G en . M tg .,
c
G o l d ___________
L . S N . a n d M . Sc M . R y . , 1st M ., G old
c
L o u . Sc N a s h ., P a d . & M e m . D iv .,
1st M tg ., G o ld __
__ __ __
A t l ’ a K n o x . Sc N o r. R y . , 1st M ., G o ld .
A tla n ta K n o x . Sc C in. D i v ., G old
S o u th e a st Sc S t. L . D i v ., 2d M ., G o l d . .
K e n t u c k y C en t. R y . , 1st M ., G o l d ____
A t l. K n o x . S N o . R y . , 1st C o n s o l’ d
c
M tg ., G old
Authorized.
Issued.
Redeemed
or Drawn
for P a y
ment.
Owned by
Outstanding
L. & N . R R .| in Hands of
Com pany.
Public.
$ 1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 50,000
$ 1 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 50,000
$ 9 3 5 ,0 0 0
1 08,000
10,000
$ 140,000
2 ,4 0 0 ,0 0 0
600^00
3 ,5 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
7 ,0 0 0 ,0 0 0
3 ,5 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
3 ,1 5 0 ,0 0 0
7 5 ;o o o ;o o o
2 ,4 0 0 ,0 0 0
6 0 0 ,0 0 0
3 ,5 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 2 ,5 9 7 ,0 0 0
2 ,0 0 0 ,0 0 0
3 ,2 5 8 ,0 0 0
1 ,7 6 4 ,0 0 0
3 ,9 2 9 ,0 0 0
2 ,0 9 6 ,0 0 0
3 ,1 5 0 ,0 0 0
5 8 ,9 9 5 ,0 0 0
8 0 0 ,0 0 0
1 9 5 ,0 0 0
>_ J
6 6 9 ,0 0 0
30 ,0 0 0
.
8 0 8 ,6 6 6
5 ,1 0 5 ,0 0 0
3 ,0 0 0
31 ,0 0 0
5 8 3 ,0 0 0
17,000
15,000
3 ,9 2 9 ,0 0 0
100,000
3 ,1 5 0 ,0 0 0
2 2 ,3 3 0 ,0 0 0
1 ,5 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 ,4 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
1 ^500,000
5 0 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
7 ,0 0 0 ,0 0 0
4 ,7 7 9 ,0 0 0
1 ,0 0 0 ,0 0 0
1 9 ,1 5 5 ,0 0 0
3 ,0 0 0 ,0 0 0
6 ,7 4 2 ,0 0 0
2 ,2 8 0 ,0 0 0
1 ,2 8 0 ,0 0 0
$ 2 1 1 ,0 8 0 ,0 0 0 $ 1 4 6 ,7 9 5 ,0 0 0 $ 8 ,6 2 2 ,0 0 0
$ 6 5 0 ,0 0 0
$ 4 5 ,0 9 6 ,0 0 0
$2 0 0 0 ,0 0 0
2 3 ,0 0 0 ,0 0 0
5 ,1 2 9 ,0 0 0
7 ,7 5 0 ,0 0 0
$ 3 6 ,0 4 2 ,5 0 0
7
7
4
M ch . 1, S e p t. 1.
A p r. 1, O c t . 1.
J a n . 1, J u ly 1.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
6
6
6
6
6
6
6
6
F eb.
D e c.
M ay
M ch .
Ju ly
1919
1920
1921
1921
1930,
1930
1930
1931
1931
1937
1937
1937
1940
1940
1906 -0 7 .
June
M ch .
M ch .
F eb.
Ja n .
Jan .
June
M ch .
4 y2 M ay
5
M ay
5
M ay
5
Feb.
4
.Tan
4
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
9 3 ,3 7 5
21 ,5 0 0
210 ,0 0 0
9 1 ,3 8 0
300 ,0 0 0
60 ,0 0 0
44 5 ,6 3 5
82 ,7 4 0
146,610
87 ,4 0 0
1.
1.
1.
1.
1.
1.
1.
1.
1.
1.
1 .'
1.
1.
1.
1 ,4 6 5 .9 2 0
1 1945
1 1945
4 y2 Jan . 1, J u ly 1.
4 K M ch . 1, S e p t. 1.
6 3 ,0 0 0
180,000
1
1
1
1
1
1946
1946
1955
1980
1987
4
5
4
3
4
F eb.
June
M ay
M ch .
Jan.
1.
1.
1.
1.
1.
4 9 ,9 5 0
4 0 0 ,0 0 0
8 9 ,9 7 0
26 7 ,9 2 0
1 2002
4
M ch . 1, S e p t. 1.
2 0 ,0 0 0
1,
1,
1,
1,
1,
D ec.
S e p t.
S e p t.
A ug.
J u ly
J u ly
D e c.
S e p t.
N ov.
N ov.
N ov .
A ug.
J u ly
J u ly
$760
6 2 ,4 4 0
A ug.
D e c.
N ov .
S ep t.
J u ly
$ 9 3 ,0 7 7 ,0 0 0
9 9 ,8 0 0
$ 4 ,2 3 8 ,4 5 0
1 1916
5
M ch . 1, S e p t. 1.
$ 3 0 ,8 5 0
4 2 4 ,0 0 0
$ 1 ,8 8 4 ,0 0 0 A p r .
2 3 ,0 0 0 ,0 0 0 A p r.
4 ,7 0 5 ,0 0 0 N o v .
1 1910
1 1923
1 1931
6
4
5
A p r . 1, O ct. 1.
A p r . 1, O c t . 1.
M a y 1, N o v . 1.
$ 1 1 3 ,0 4 0
92 0 .0 0 0
2 3 5 ,2 5 0
43 ,0 0 0
5 ,9 1 3 ,5 0 0
$ 4 6 ,7 5 0 ,0 0 0
9 99 ,0 0 0
1 0 ,0 0 0 ,0 0 0
2 ,9 9 9 ,0 0 0
6 ,6 9 8 ,0 0 0
1 1907
1 1907
1 1919
Charges for
Year
$ 617,000 M ch .
5 ,8 7 0 ,5 0 0 J u ly
1 1952
4
Jan.
$ 6 1 7 ,0 0 0
$ 2 ,0 0 0 ,0 0 0
3 0 ,0 0 0 ,0 0 0
7 ,0 0 0 ,0 0 0
D e c.
M ch.
M ch .
A ug.
Jan .
Jan .
June
S ep t.
N ov.
M ay
N ov.
1 ,9 9 6 ,0 0 0 A u g .
J u ly
3 6 ,6 4 8 ,0 0 0 J u ly
500,000 M ch .
7 8 0 ,0 0 0
Real Estate M ortgage.
S t. L ou is P r o p e r ty , 2 0 -v r ., 1st M .,G o ld
1 ,6 0 0 ,0 0 0
375,000
3 ,5 0 0 ,0 0 0
1 ,5 2 3 ,0 0 0
5 ,0 0 0 ,0 0 0
1,0-00,000
7 ,4 6 1 ,0 0 0
1 ,4 1 4 ,0 0 0
3 ,2 5 8 ,0 0 0
1^749',000
1 ,4 0 0 ,0 0 0 J u ly
4 ,0 0 0 ,0 0 0 S ep t.
4 ,7 7 9 ,0 0 0
1,000
9 ,1 5 5 ,0 0 0
U 000
4 4 ,0 0 0
Coupons D ue.
M atu rity.
$65,000 M ch .
892,000 O ct.
Jan .
i Estim ated
) Interest
Inter
est.
%
Collateral Trust Bonds.
L o u . S N ash . S in k in g F u n d , G o l d ____
c
F iv e -t w e n t y C oll. T r u s t o f 1903
F irst M o rtg a g e T r u s t, G o l d . .
x L .S c N . - S o . , M o n o n C o lla te ra l J o in t,
G o ld , L . Sc N . P r o p o r tio n
$ 4 0 ,0 0 0
$ 4 0 ,0 0 0
T o ta l
In te r e s t-b e a r in g
B onded
$ 2 5 8 ,4 8 0 ,0 0 0 $ 1 8 3 ,4 5 4 ,5 0 0 $ 8 ,6 6 2 ,0 0 0
D e b t , L . S N . R R . Co
c
$ 7 6 ,0 0 0
$ 1 ,5 0 3 ,1 1 0
$ 4 5 ,6 3 9 ,0 0 0 $ 1 2 9 ,1 5 3 ,5 0 0
$ 5 ,7 7 2 ,4 1 0
$2,000
4,000
1,000
2,000
6,000
1S67
Jan .
1 1890
O ct. 15 1893 _ _ _ _ _
Jan.
1 1897
A p r.
1 1898 _ _ _
2,000
2.000
2 ,0 0 0
1,000
3 ,0 0 0
5,000
7 9 ,0 0 0
C ity o f L o u ., L e b ’ n B r c h . E x te n s io n
L o u . C in. Sc L e x . R v . , 1st M o rtg a g e
C o n s o lid a te d M o rtg a g e
E v a n s . H e n d . Sc N a sh . D i v ., 1st M .,
G o ld _ _ _ _ _ _ __________________________
C ecilia B ra n ch M o rtg a g e
P e n s a co la D iv is io n , 1st M tg ., G old
G en era l M o rtg a g e , G o ld
H en d e rso n B rid g e C o ., 1st M ., G o ld
M a v sv ille S L e x in g to n , N o rth D iv _
c
G en eral M o rtg a g e , G o ld
D e c.
S e p t.
S ep t.
Ju n e
S ep t.
Jan.
June
1
1
1
1
1
1
1
1905
1905
1905
1905
1905
1906
1906
,
u n p a id ,
$ 109,000
Bonds of Subsidiary Com pany Outstanding, M a tu red , not P resen ted •
N a sh . Sc D e ca tu r R R . , 1st M o rtg a g e _
$S.000 J u ly
M ortgage on Railroads Operated. Controlled Through Ownership of Capri* tal Stock.
B a y M i n e t t e Sc F t. M o rg a n R R . , 1st
1 1930
1 1931
4
6
Jan.
M ay
$ 2 ,0 0 0 ,0 0 0
4 ,7 5 3 ,0 0 0
1 ,9 2 0 ,0 0 0
$ 3 ,2 4 7 ,0 0 0 A u g .
A ug.
1 1910
1 1936
1 1936
6
5
5
A p r . 1, O ct. 1.
F e b . 1. A u g . 1.
F e b . 1, A u g . 1.
M ortgage on P roperty not Owned but
• Operated by L. Sc N . Railroad.
*
h L . Sc N . T erm in a l C o .^ ls t M tg ., G old
$ 8 ,6 7 3 ,0 0 0
$ 3 ,2 4 7 ,0 0 0
$ 2 2 5 ,0 0 0
1,2 0 0 '000
$ 2 2 5 ,0 0 0
1 ,2 0 0 ,0 0 0
$ 1 ,4 2 5 ,0 0 0
$ 1 ,4 2 5 ,0 0 0
$ 2 ,0 0 0 ,0 0 0
1 0 ,0 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
$ 2 ,0 0 0 ,0 0 0
8 ,0 0 0 ,0 0 0
1 ,9 2 0 ,0 0 0
$ 1 4 ,0 0 0 ,0 0 0
Mortgages on Railroad not Owned, but
Operated by L. Sc N . Railroad.
S o . S N o . A la . R R . , 2d M tg . G old_
c
k S o. S N o . A la . R R . , C o n s ’ d , G o ld _ _
c
S o . S N o . A la . R R . , Im p . 5 % , G old __
c
$ 1 1 ,9 2 0 ,0 0 0
$ 3 ,0 0 0 ,0 0 0
$ 2 ,5 3 5 ,0 0 0
$ 3 ,5 5 3 ,7 5 0
$ 3 ,5 5 3 ,7 5 0
------------
________
$ 2 ,5 3 5 ,0 0 0
Stock on which D ividend is Guaranteed.
•Nashville S D e c a tu r R a ilr o a d
c
T o t a l estim a te d in te re st ch a rges
1906-07_ _ ____________
_ _
1 1900
J u lv
N ov.
$ 5 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
$ 2 ,5 0 0 ,0 0 0
M t g ., G o ld _
O w e n s b o r o S N a sh . R y . , 1st M ., G old
c
2 3 4 ,8 2 0
1.
$ 3 5 ,4 5 9 ,5 0 0
$ 5 4 3 ,0 0 0
Bonds Outstanding , M atured or Drawn
for Sinking F u n d s, Not Presented.
A la . S F lo r. R R . (o ld C o . ) , 1st M tg
c
M o b ile S M o n tg o m . R y . , In c o m e B ds
c
T o ta l B o n d s d u e a n d
L o u . S N a sh . R R _ _
c
1, J u ly
$ 1 ,9 7 9 ,6 0 0
1 J u lv 1
1 N o v . 1 * ---------NzS
$16 2 ,3 5 0
—
$162,350
D e c.
1 1952
4
7 V Jan .
2
j
$ 1 ,5 7 4 .1 5 0 G u a ra n t’ d b y
c
| L . S N.
1
—
J u n e 1, D e c. 1.
I
'
•
1, J u ly
1.
—
$118,061
$6 ,0 5 2 ,8 2 1
1
* T h e rem a in d e r o f th ese b o n d s o u ts ta n d in g h a v e b e e n d ra w n fo r S in k in g F u n d , d u e M a rch 1 1906.
In terest w ill cease S e p t. 1 1906.
rrXOf th e L . & N . p r o p o r tio n o f th e o u tsta n d in g b o n d s o f th is issue th ere are § 1 ,4 6 4 ,5 0 0 w h ich are reg istered as to b o th p rin cip a l a n d in te re s t, an d
th e in terest th e re o n is p a y a b le q u a r te r ly o n J a n u a ry 1, A p ril 1, J u ly 1 a n d O c t o b e r 1.
- k P rin cip a l an d in te re st g u a ra n te e d b y L o u isv ille S N a sh v ille R a ilr o a d C o m p a n y .
c
• h T h is p r o p r e ty is o p e r a te d jo in t ly b y th is c o m p a n y a n d th e N a sh v ille C h a tta n o o g a & S t. L ou is R ilw a a y , th e p rin cip a l a n d in terest b e in g g u a ra n
te e d jo in t ly b y th e tw o r a ilro a d co m p a n ie s .
THE CHRONICLE
Oct . 6 1906.J
-
829
----------
--------------
TABLE NO. V .—SECURITIES OWNED.
In T rea su ry.
$
$
$
$
§
W O
v C o•
zj
^
0
2
cy £ Q tc
L
-N s f
v. 3 . s:
C
o
0
:
O
J . P . M org a n & C o ..
B a n k ers.
U n ion T rust C o. C ol
lateral fo r L . & N .
6 % S in k in g F u n d
B on d s.
$
$
30.000
F a rm ers'
L oa n
&
T rust C o. Collateral
fo r G eorgia R a il
road L ease.
Pensacola D iv., 1st
M ort., Gold, 6 %_
Pensacola & A t l.,1st
M.. Gold. 6 % ____
Gen. M tg ., Gold, 6 %
First M tg- . 5 % , 50-
A u a u st B elm on t &
C o. Collateral to se
cure C ecilia B ranch
B onds.
L ou isville ct N a sh
ville Issu es.
1
;
a
1903.
£
fo r 5% lsf M o rtoaye
T rust
Gold
B on d s.
! --------------------------------------U nited States Trust
C o. Collateral for
! 5-20 Collateral T r.
4% Gold B on d s o f
s
o
I n S in k in g F d s.
-*0
K
3s
S^
©
**
4s J
3SN^ o
J
% .£
c* S ^
O 5
o s v© ^
K Q
.
>
^ > V
.
k
J
T otal.
O
£Fo C
s Q
g sl
j
C
O
| F arm ers'
L oan
&
i
T rust C o. Collateral
Other Issu es.
so
BONDS.
4C entral T ru st C o .C o llateral fo r U n ified
50- Y ea r 4 % Gold.
B on d s.
I n T rusts.
$
$
$
$
$
500,000
306,000
31.000
$
$
30.000
2 ,0 0 0
808,000
31.000
15.000
15.000
Blrmlnghara Mineral
3,929,000
Nash. Flor. & Shef'd
10 0 ,0 0 0
1st M.. Gold, 5%
Ala. Mill. H R ., 4% _
Unified 50-year 4%
3.647.000
Gold M ortgage—
L .& X ..P .& M . D iv.,
50-yr., 4% Gold,
160,000
1 st
Atl. K nox. & N or.,
1,0 0 0
1st M .. 5To, G old.
Atl. K nox. & Cin’ti
D iv., 4 % , G o ld .. 9.155.000
Southeast & St. L.
D iv.. 2d M ., Gold
Kentucky Cent.. 1st
\rtg- Gold 4%
L. & N ., 6 % Sink
ing Fund Gold
5% 1st Mtg. Trust,
305,000
Gold
L. & X .. Sou., Monon, Collat. 4%
Joint— L. & X . Yi
Yellow River H R .,
140,000
1st M tg., 4 % -----Henderson Bridge
C o., 1st M tg., 6 %
3.929.000
10 0 ,0 0 0
3,150,000
3.150.000
18,200,000
67,000
13,000
403,000
22,330,000
4,619,000
4.779.000
1,0 0 0
1,0 0 0
4,000
9.155.000
•
1,0 0 0
39.000
76.000
119,000
v
44.000
76.000
1,0 0 0
424.000
43,000
43.000
140.000
583,000
Total L. & N. Is( T a b l e l V ) ____ 13,890,000
3,150,000 3,929,000 23,319,000
67,000
4,000
15,000
583.000
43,000 639,000 583,000 45.639,000
Issu es of Other C om
p a n ies.
Bay Mlnette & Ft.
Morg. R R . , 1st
M tg., 4 % , Gold - _
Carrollton & Worthville R R . Co.. 5%
Charleston Terminal
Co., 50-yr., 4%
Gojd
Cent. Trans. R y . &
Storage C o., 5% ._
City
of
Bowling
Green, 5 % --------Elkton& GuthrieRR.
1st M tg., 5 % -----Jackson Lumber Co.
^ 0£ finld
.
L. & X . TerminalCo.
50-yr., Gold, 4 % .
Monroe R R .,
1st
Mortgage, 4% —
Muhlenburg County,
K y ., 5% refund’g
Nash. Chatta. & St.
Louis R y. Issues.
Xational Coal & Iron
Pa n
Owensboro & Nash.
.
Rv 1st M 6 %
So. & X o. Ala. R R .
5% Con. M ., Gold
So. & X o. Ala. R R ..
Im p ., 5 % , G old. .
So. & X o. Ala. R R .
2d M ., 6 % , GoldSi oss Iron & Steel
Co.. 1st M tg., 6 %
Sundry Other Bonds
225.000
225.000
14,100
14,100
300.000
300.000
10 ,0 0 0
10 ,0 0 0
3,000
3,000
25.000
25.000
-----------—
600.000
35.000
600.000
2,500,000
------- ----
2.535.000
34.000
. 34,000
25.000
25.000
6 6 .0 0 0
6 6 .0 0 0
74,000
-------------
74.000
1 ,2 0 0 , 0 0 0
1 .2 0 0 . 0 0 0
4,045,000
186,000
500,000
1,920,000
—
1.920.000
2 ,0 0 0 , 0 0 0
2 ,0 0 0 , 0 0 0
43,000
43.000
2,931
2,931
Total Bonds ol
other
Compa
1 ,2 0 0 , 0 0 0 6.545.000
3,563,031
nies ow ned____
Ledger Value, as
6.545.000
1 ,2 0 0 , 0 0 0
3,529,557
perBalance Shee L ........... ..
l --------Tot. Bonds Owned 13.890,000 3,563,031 3,150,000 5,129,000 29,864,000
500.000
2 ,0 0 0 , 0 0 0
2 2 ,0 0 0
13,830,031
500.000
2 ,0 0 0 , 0 0 0
2 2 ,0 0 0
13,796,557
67,000 500,000
2 ,0 0 0 , 0 0 0
4,000
STOCKS.
R ailroa d C om
p a n ies
C ontrolled b y
L. & N.
RR
Long Branch Coal 1
Lexlneton Terminal R R . (of Gc
Louisiana Purchase Exposition Co
I n T ru sts.
S u n d ry Other
C o m p a n ies.
$ 5 ,0 0 0 0(J
50,000 00
*C entral Trust
C o . Collateral
fo r U n ified
50- Y ea r 4 % .
S tandard T rust
F a rm ers'
C o. L .
N .L oa n < c T rust
S
S o u .-M o n o n
C oll, under
C ollateral
N . O . , M . & .T .
J o in t B on d s.
M ortg a ges.
______________
300.000 00
T o , o o o 66
17,275 00
50,000
lo o .o o o
706.081
1 318,385
00
on
03
50
.......................................
00
00
00
00
00
00
00
00
1 0 . 0 0 0 00
25,000 00
SI .9 3 6 .7 0 0 00
5,000 00
1 0 .0 0 0 00
T otal.
$2 0 0 , 0 0 0
32.500
12.500
25.000
5 .0 0 0
50.000
300.000
300.000
3 0 6 .0 0 0 6 6
Chic. Ind. & Lou is v. R y ., Com. (one-half
Elkton & Guthrie RR
Goodlettsvllle & Greenbrier RF
43,000 661,000 583,000 59,469,031
$2 0 0 , 0 0 0 00
32.500 00
12.500 00
25,000 00
Atlanta Belt Line C
Birmingham Southern R R . , C om m on.
1ao
t>r>
Central Transfer R y . & Storage Co
S u n d ry Other
R ailroa d C o m
p a n ies .
15,000
1
I n T rea su ry .
Augusta Union Statl
Augusta & Sum m er
Atlantic Comoress C
Bay Mlnette & Ft. \
4.753.000
2 2 ,0 0 0
25,000 0
<)
50 00 ..........................
..........................
82.300 0 ) . . .
28.000 0 D .
3,300 00
.....................
30.000 0 0 ...................
1.......................... |
* For Stocks held by Central Trust Co., Trustee under Unified Mortgage, see next page.
...
________
.
.
25.000
930,700
4,903,450
25.000
17,275
00
O
O
00
00
00
1 0 . 0 0 0 00
82.300 00
28.000 00
50.000 00
1 0 0 . 0 0 0 oo
706.081 03
1,318.385 50
3,300 00
30.000 00
THE CHRONICLE.
830
|Y o l. l x x x iii.
In Treasury.
In Trusts.
-------—i
Standard Trust Farmers'
Railroad Com Sundry Other
*Central Tr ust
Loan Sc Trust
Railroad Com Sundry Other Co. Collateral Co. L. Sc N .- under N . O..
panies
Sou.-Motion
panies .
Controlled by
Companies.
M . Sc T.
for Unified
Collateral
L. Sc N .
Mortgages.
5 0 - Year 4 % .
Bonds Coll.
STOCKS.
Brought fo rw a rd ___
__
_______________
L o u i s v il le P r o p e r t y C o
M a d is o n v ille H a r t fo r d
E a s t e r n R R . C o ___
M e m p h is T e r m in a l C o
M llle c lg e v ille R y
M is s o u r i
I llin o is B r id g e
B e lt R R
M on roe R R
M o r g a n field
A t la n t a R R . C o
N a s h v ille
D eca tu r R R
N a s h v ille C h a t t a n o o g a
S t . L o u is R y
O w en sboro
N a s h v ille R y
P in e M o u n t a in R R
R e p u b l i c Ir o n
S t e e l C o ., P r e f e r r e d - R e p u b l i c Ir o n
S te e l C o . , C o m m o n
S ou th
N o r t h A la b a m a R R . , P r e fe r r e d
S ou th
N o r t h A la b a m a R R . , C o m m o n ____
S o u t h C a r o lin a
A u g u sta R R
S t . L o u is
T en n essee R iv e r P a c k e t C o
T e r m in a l R a ilr o a d A s s o c ia t io n o f S t . L o u is
T e n n e sse e R iv e r P a ck e t C o
W h itle y C oal C o
$ 2 ,2 4 4 ,4 6 6 53
Sc
Sc
Sc
Sc
Sc
Sc
Sc
1 5 .0 0 0 00
17.000 00
5 0 .0 0 0 00
5 0 .0 0 0
1 ,9 7 9 ,6 0 0
1 ,6 7 6 ,1 0 0
1 9 3 ,1 2 4
10 .0 0 0
—
00
00
00
99
00
$ 5 ,5 0 1 ,5 0 0 00
9 6 3 ,4 0 0 00
2 ,0 0 0 ,0 0 0 00
1 ,1 2 7 ,4 0 0 00
6 ,0 3 3 33
5 ,0 0 0 00
2 7 ,7 0 0 00
2 0 5 ,8 0 0 00
2 5 ,2 0 0 00
4 8 ,3 0 0 00
L e d g e r V a lu e a s per B a la n ce Sheet
$ 6 ,2 6 4 ,3 2 4 85
$ 1 ,2 0 8 ,3 7 5 00
$ 4 1 3 ,7 0 0 00
$ 9 ,5 9 2 ,3 0 0 00
$ 6 ,8 3 5 ,1 5 0 00
$ 2 4 ,3 1 3 ,8 4 9 85
$ 9 0 9 ,2 7 2 82
$ 1 2 8 ,9 9 9 34
$ 5 ,6 0 6 ,2 7 2 23
$ 6 ,0 0 6 ,0 3 3 62
$ 1 6 ,3 6 3 ,4 8 6 10
A d d — S tock s ch a rged to C ost o f R o a d and
E q u i p m e n t , w it h T r u s t e e s :*
H e n d e r s o n B e lt R R
S o u t h e a s t & S t . L o u is R v
P e n s a c o la R R
L o u i s v . C in .
L e x in g t o n R v . , P r e fe r r e d ___
L o u i s v . C in .
L e x in g t o n R v . , C o m m o n __
A la b a m a M in e ra l R R
L o u i s v il le R a i l w a v T r a n s fe r
M o b ile
M on tg om ery R y _
__ _
S h e lb y R R
B ir m in g h a m M in e ra l R R
N e w O r le a n s M o b ile
T exas R y
_
N a s h v ille F lo r e n c e
S h e ffie ld R y _
_ __
P o n t c h a r tr a in R R
_
____ __
H e n d e r s o n R r id g e C o
19,750
9 8 0 .0 0 0
2 8 5 .0 0 0
1 .5 0 0 .0 0 0
9 8 5 .0 0 0
1 .9 6 9 .0 0 0
100.000
2 ,9 3 9 ,7 0 0
5 8 9 ,2 5 6
2 ,4 1 2 ,6 0 0
3 .9 8 5 .0 0 0
6 1 5 ,0 0 0
Sc
Sc
Sc
Sc
Sc
S tock s
00
00
00
00
00
00
00
00
00
99
00
00
00
00
33
00
00
00
00
00
$ 3 ,7 1 2 ,9 0 8 09
T o t a l 'S t o c k s in o t h e r C o m p a n ie s o w n e d - _
T o ta l
5 0 .0 0 0
5 0 .0 0 0
5 0 .0 0 0
15.000
17.000
5 0 .0 0 0
5 0 .0 0 0
1 .9 7 9 .6 0 0
7 .1 7 7 .6 0 0
1,1 5 6 ,5 2 4
10.000
4 6 .1 0 0
4 6 .1 0 0
2 ,0 0 0 ,0 0 0
1 ,1 3 3 ,4 3 3
5 ,0 0 0
2 7 ,7 0 0
2 0 5 ,8 0 0
2 5 ,2 0 0
4 8 ,3 0 0
4 6 .1 0 0 66
4 6 .1 0 0 00
Sc
Sc
$ 1 0 ,1 7 0 ,4 9 1 53
5 0 .0 0 0 00
5 0 .0 0 0 00
Sc
Sc
$ 6 ,8 3 5 ,1 5 0 00
5 0 ,0 0 0 00 —
Sc
Sc
$ 1 7 0 ,3 0 0 00
$ 9 2 0 ,5 7 5 00
Total .
_______ ___________________
00
00
00
00
00
00
00
00
00
00
00
00
19,750
9 8 0 .0 0 0
2 8 5 .0 0 0
1 .5 0 0 .0 0 0
9 8 5 .0 0 0
1 .9 6 9 .0 0 0
100 .0 0 0
2 ,9 3 9 ,7 0 0
58 9 ,2 5 6
2 ,4 1 2 ,6 0 0
3 .9 8 5 .0 0 0
6 1 5 .0 0 0
7 1 1 ,8 0 0
5 0 1 .0 0 0
_ _ _
____________________
$71 1 ,8 0 0 00
5 0 1 ,0 0 0 00
$ 6 ,2 6 4 ,3 2 4 85
$ 1 ,2 0 8 ,3 7 5 00
$ 4 1 3 ,7 0 0 00 $ 2 6 ,4 7 3 ,6 0 6 00
$ 6 ,8 3 5 ,1 5 0 00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$ 7 1 1 ,8 0 0 00 $ 4 1 ,9 0 6 ,9 5 5 85
* F o r B o n d s h e ld b y C e n tra l T r u s t C o . , T ru s te e u n d e r U n ifie d M o r tg a g e , see p r e v io u s p a g e .
x
T h ese p r o p e r tie s h a v e b e e n d e e d e d t o th e L . & N . R R . C o ., w ith t h e e x c e p t io n o f th e S . E . & S , L . R y .
TABLE NO. V I.— COST OF ROAD AND EQUIPMENT.
T h e C ost o f R o a d , Ju n e 30 1 9 0 5 , w a s ________________________
T o w h ich a d d th e fo llo w in g :
M ain S te m —
E x p e n d itu r e s o n N ew S h o p s , S o u th L o u is v ille _________
P a d u ca h & M em p h is D iv is io n —
P r o p e r ty p u rch a s e d a t M e m p h is, T e n n _________________
B irm in g h a m M ineral D iv is io n —
R e d u c tio n o f G ra d e s, O n e o n ta t o C h a m p io n __________
C o n stru ctio n o f G ra v es M in e S p u r ____________ ___________
$ 1 5 2 ,4 5 1 ,5 2 6 19
§2 6 2 ,1 2 6 75
5 1 ,8 5 6 68
5 3 3 ,0 4 8 11
46 ,8 1 0 42
7 9 ,8 5 8 53
A tla n ta K n o x v ille & N o rth e rn D iv is io n —
E x p e n d itu r e s fo r C o n s tr u c tio n ____________
_____ ______
K n o x v ille L a F o lle tt e & J e llic o D iv is io n —
E x p e n d itu r e s fo r c o n s t r u c t io n ____________________________
E q u ip m e n t c o m p le te d a n d d e liv e re d th is y e a r _________
E q u ip m e n t n o t y e t d e liv e r e d --------------------------------------------
3 ,4 5 4 ,4 0 7 20
78,343 41
1 ,4 1 8 ,5 5 6 06
25 ,2 8 7 56
1 ,5 2 2 ,1 8 7 03
H en d erson B rid g e & R a ilr o a d —
A m o u n t o f B o n d s o u ts ta n d in g a s s u m e d _________________
C ost o f S t o c k , A d v a n c e s , e t c _____________________________
1 .4 1 7 ,0 0 0 00
1 .0 2 2 ,3 6 6 31
2 ,4 3 9 ,3 6 6 31
Y e llo w R iv e r R a ilr o a d —
C ost o f B o n d s a n d S t o c k ___________________________________
F o r S u n d ry N et E x p e n d itu r e s on th e F o llo w in g D iv isio n s—
E v a n sv ille H e n d e rso n & N a sh v ille D i v i s i o n ____________
K e n tu c k y C entral D i v i s i o n ._______________________________
N o rth A la b a m a D iv ision .. _ ----------------------------------O n e o n ta & A ttalla. R a ilr o a d ____________ __
---------------J e llico B ir d -E y e Sc N o rth e rn B r a n c h . --------------------------
9 0 ,0 0 0 00
157
6,383
63
1.409
105
75
60
36
62
39
8 .1 1 9 72
7 ,9 0 7 ,9 2 2 22
8 1 6 0 ,3 5 9 ,4 4 8 41
L ess S u n d ry C redits on th e F o llo w in g D iv is io n s —
S o u th e a st Sc S t. L o u is R a ilw a y -----------------------P e n s a co la D iv is io n -------- ---------------------------------L o u is v ille C in cin n a ti & L e x in g to n R a ilw a y . _.
C la rk sv ille Sc P r in c e to n D i v i s i o n .-------------------A la b a m a Sc F lo r id a D i v i s i o n ---------------------------N e w p o r t Sc C in cin n a ti B r id g e ----------------------------
$ 1 ,0 7 7
243
726
35
3
3 ,0 0 0
15
94
45
00
06
00
5 ,9 8 5 60
T o t a l c o s t Ju n e 30 1906
8 1 6 0 ,3 5 4 ,3 6 2 81
TABLE NO. VII.— GROSS EARNINGS, OPERATING EXPENSES., AND NET, BY MONTHS.
TOTAL
(4 ,2 0 5 .5 5 M iles.
Months.
Freight.
%
J u ly , 1 9 0 5 ____________
A u g .,
“ ____ ______
S e p t ., “
O c t .,
“ ___
N o v .,
“
_
D e c ..
“ _
J a n ., 1 9 0 6 _____ __
___________
F e b .,
“
M c h .,
“ ________ .
A p r i l, “
______
M ay
“
__ _ . _
June,
“
___________
T o ta ls
______________
2 ,3 1 6 ,6 8 1
2 ,5 2 9 ,6 1 7
2 ,6 6 9 ,5 7 5
2 ,7 1 0 ,6 8 3
2 ,7 6 0 ,4 9 0
2 ,5 3 9 ,4 1 7
2 ,8 1 1 ,3 0 2
2 ,5 3 0 ,9 2 6
2 ,7 2 9 ,2 0 9
2 ,5 7 3 ,0 0 6
2 ,7 7 0 ,2 2 2
2 ,5 9 5 ,0 7 2
Passenger.
81
76
91
24
72
87
18
88
37
30
15
54
3 1 ,5 3 6 ,2 0 6 73
$
8 1 3 ,0 3 6
6 9 6 ,2 8 7
6 8 3 ,5 0 6
66 1 ,8 4 9
6 8 4 ,9 6 4
8 3 2 ,8 5 7
7 5 4 ,4 5 3
7 1 1 ,8 6 2
7 6 6 ,6 0 7
7 6 0 ,7 5 8
7 9 0 ,8 6 9
828,161
31
57
24
78
37
52
01
72
32
99
99
76
8 ,9 8 5 ,2 1 5 58
E N T IR E
L IN E .
A v e r a g e o p e r a te d d u rin g y e a r, 4 ,1 3 0.91 M iles.)
M ail.
$
7 5 ,2 5 5
7 5 ,2 5 0
73,651
7 9 ,7 1 2
7 6 ,5 7 0
7 4 ,2 7 2
76,621
7 6 ,5 7 0
72 ,9 9 9
7 6 ,6 7 7
76 ,6 6 2
73 ,0 9 5
Express.
90
72
41
04
29
57
80
48
46
02
25
25
9 0 7 ,3 3 9 19
$
6 5 ,7 4 9
6 0 ,5 5 9
6 8 ,2 0 7
8 0 ,7 8 2
8 5 ,1 5 3
1 06,942
78 ,5 9 8
6 6 ,9 5 2
8 3 ,3 9 9
89,851
92 ,3 6 8
79,821
50
51
13
86
67
03
46
06
01
31
58
60
9 5 8 ,3 8 5 72
Miscel- ■
laneous.
$
3 7 ,2 5 8
4 0 ,8 8 8
5 2 ,2 5 2
4 6 ,7 4 3
4 4 ,6 2 5
3 9 .8 3 2
28 ,5 7 3
4 6 ,6 4 0
60 ,1 6 5
41 ,749
1 09,389
73 ,7 2 9
23
95
01
88
66
35
28
13
48
86
42
76
6 2 1 ,8 4 9 01
Total
Earnings.
$
3,3 0 7 ,9 8 1
3 ,4 0 2 ,6 0 4
3 ,5 4 7 ,1 9 2
3 ,579,771
3 ,6 5 1 ,8 0 4
3 ,5 9 3 ,3 2 2
3 .7 4 9 ,5 4 8
3 ,4 3 2 .9 5 2
3 ,7 1 2 ,3 8 0
3 ,5 4 2 ,0 4 3
3 .8 3 9 .5 1 2
3 .6 4 9 .8 8 0
Operating
Expenses .
75
51
70
80
71
34
73
27
64
48
39
91
4 3 ,0 0 8 ,9 9 6 23
$
2 ,2 8 1 ,6 0 6
2 ,5 1 9 ,4 8 9
2 .4 8 9 .6 0 0
2 .5 2 2 ,3 2 4
2 ,5 5 8 ,8 0 4
2 ,4 7 6 ,4 6 5
2 ,6 2 1 ,0 1 3
2 ,5 1 9 ,2 3 8
2 ,5 9 6 ,4 8 7
2 .6 3 3 ,5 4 3
2 ,8 7 7 .9 9 0
2 ,8 3 6 ,8 9 8
S7
89
74
30
02
52
69
32
08
6S
92
68
3 0 .9 3 3 ,4 6 3 71
Per cent
of Exp
;to Earn
ings.
Net
Earnings.
$
1 ,0 2 6 ,3 7 4
88 3 ,1 1 4
1 ,057,591
1 ,0 57,447
1 ,0 9 3 ,0 0 0
1 .1 16,856
1 ,1 2 8 ,5 3 5
91 3 ,7 1 3
1 ,1 1 5 .8 9 3
90 8 ,4 9 9
961.521
812,982
88
62
96
50
69
82
04
95
56
80
47
23
68.97
74.05
70.19
7 0 .4 6
7 0 .0 7
68.92
69.90
73.38
6 9 .9 4
74.35
74.96
77.72
1 2 .0 7 5 ,5 3 2 52
71.92
THE CHRONICLE
Oct . t> 1906. j
b31
TABLE NO. VIII.— GROSS EARNINGS, OPERATING EXPENSES, AND NET
E N T IR E
L IN E .
Per Cent
of Gross
Gross
Earnings.
2 0 .8 9 2
2.2 2 8
.040
$ 8 ,9 8 5 ,2 1 5
9 0 7 ,3 3 9
9 5 8 .3 8 5
17,210
58
19
72
04
73 325
251
807
014
044
007
025
001
130
060
Sources.
$ 1 0 ,8 6 8 ,1 5 0
3 1 ,5 3 6 ,2 0 6
107,977
373 ,0 1 3
6,111
18,939
3 ,0 0 0
10,621
578
5 6 ,2 3 8
2 8 ,1 5 8
53
73
45
34
15
45
64
96
50
05
43
$ 7 ,6 7 3 ,4 3 3 37
2 3 ,2 6 0 ,0 3 0 34
$ 4 3 ,0 0 8 ,9 9 6 23
$ 3 0 ,9 3 3 ,4 6 3 71
Earnings.
P assen ger
2.110
Mail - - ___
E xp ress
T r a in p riv ileg es.
F re ig h t -------------------- ----------------------------------------------------— ................
C a r d e te n tio n , s to ra g e , e t c
—
-------R e n ts - . -------- ----------------------------------------------------------------- -----------T e le g r a p h ------------ ---------- ---------------------------------------------------------------T r a c k a g e a n d s w itc h in g ------------- ------------ -----------------------------------P ro fit from d in in g c a r s ----------------------------------------------------------------W h a rfa g e a n d s t o r a g e .. —
---------------------------------------------—
Net resu lts fro*; co n tr a c t fo r sla g b a lla s t, a c c t . c o n s tr u c tio n
M isce lla n e o u s-------- ----------------------------------------------------------------------
1 0 0 .0 0 0
T o ta l.
Operating
Expenses.
Net
Earnings. r*
$ 3 ,1 9 4 ,7 1 7
8 ,2 7 6 ,1 7 6
107,977
3 7 3 ,0 1 3
16
39
45
34
6,111 15
1 8 ,9 3 9
3 ,0 0 0
10,621
578
5 6 ,2 3 8
2 8 ,1 5 8
45
64
96
50
05
43
$ 1 2 ,0 7 5 ,5 3 2 :5 2
TABLE NO. IX .— OPERATING EXPENSES.
1
9
3
4
5
6
7
3
9
10
11
12
13
14
15
20
21
*•
*>
23
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
6 ,5 3 7 ,6 9 7 27
16
167 ,0 0 0
3 ,0 0 2 ,7 6 0
5 5 6 ,1 1 3
2 ,7 6 8 ,4 6 4
2,635
11 1 ,7 1 8
17,013
1 ,1 6 6 ,1 5 6
26
69
80
39
30
61
52
56
17
18
19
20
21
22
23
24
7 ,7 9 1 ,8 6 3 13
25
46 3 ,5 4 6
2 ,1 0 4 ,2 7 8
2 ,3 1 2 ,7 9 3
650 ,3 4 2
2 ,5 1 2 ,1 4 2
8 1 ,6 4 7
155,151
7 2 4 ,4 2 7
1 ,0 9 4 ,0 1 8
9 7 6 .7 1 4
5 6 9 ,9 1 8
2 5 6 ,6 3 3
5 4 2 ,8 0 0
304 ,2 1 9
65 ,0 7 5
63 ,5 0 0
8 6 1 ,7 4 5
4 2 6 ,0 3 3
101,484
6,655
3 7 3 ,1 2 7
3 2 ,9 5 7
4 8 1 ,5 4 7
2 0 0 ,0 4 2
2 7 8 ,6 1 5
67
07
70
54
68
14
51
28
12
16
08
46
73
61
49
30
58
44
90
77
99
39
50
23
71
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
1 5 ,6 3 9 ,4 2 0 05
51
140,499
28 4 ,9 2 5
68,341
96
2 3 7 ,0 4 7
71,276
162,297
68
00
17
63
02
50
26
52
53
54
55
56
57
58
_______________________ ______ _ _ _____________________________________
9 6 4 ,4 8 3 26
59
T o ta l o p e r a tin g e x p e n s e s ___________________________________________
$ 3 0 ,9 3 3 ,4 6 3 71
60
________________________________ ______ __________ __________________ ______
Maintenance of Equipm ent.
u
S u p er o
d en c e
________________________________________________
L o c o m o t iv e r e p a ir s ____________________ i ------------— _____
___________________
P assen g er ca r r e p a ir s -------------------------- _ ----------------------------------------------------------F re ig h t car r e p a i r s _____________________________ _________________________ _____
S le e p in g ca r r e p a ir s ____________________ ______________________ ________________
S h o p m a ch in e r y a n d t o o l s -------- -------------------------------------------------------------------S ta tio n e r y a n d p r in tin g
----------------------------------------------- -----------------------------Im p r o v e m e n ts — E q u i p m e n t ----------------------------------- ------------------------ -----------T o ta l
_ _ _______________________ ____________ M B b ____ ______________
Conducting Transportation.
S u p e rin te n d e n ce _ . ---------------------------------------------------------------------------------------C o n d u c to r s , b a g g a g e m e n a n d b r a k e m e n __________________
__________
E n g in eers a n d fir e m e n ----------------------------------------- -------------------------------------------R o u n d h ou se e x p e n s e s ___________________________________________
- — ___
F u e l lo r l o c o m o t i v e s ._____________ _ . . - . _ ^_______________ ________________
O il a n d w a s te fo r lo c o m o tiv e s
____________________
_________ _ _____
W a t e r s u p p ly fo r lo c o m o t iv e s ___________ _ _ _ ___
____ _
____________
e x enses
------------------------------------------------------------------------------ -------S w itc h m e n , fiagm en a n d w a t c h m e n ________ ______ _ ____
_ . _______
S ta tio n a g en ts a n d c le r k s _______ _____ ____ ____________ ____ _
S ta tio n la b o r (h a n d lin g )— F r e ig h t ___________________________ _ .
..
_
S ta tio n e x p e n s e s ------------------------------1
---------------------------- ------------------T eleg ra p h ex p en ses -------------------------------------------------------------- ------------ - - —
H ire o f lo c o m o tiv e s a n d cars
------------------------------------ ---------S le e p in g ca r h ir e ________________ _ — _ ---------------------------------------------------------S leep in g ca r e x p e n s e s -------------- -------- -----------------------------------------------------------R e n ts (tr a c k , y a rd s , a n d te r m in a ls )___________ _________
____ ______
A d v e r t is in g a n d s o lic it in g _________________________________________ _____
eck f
Caring) _ _____
________________ _______ ______ ___________
L oss and d a m a g e — B a g g a g e ____________ ____________ _
___ _ - . —
_________________ _______
_________
m age— F r e ig h t.
L o s s a n d d a m a g e — T o p r o p e r t y ___ ______ ___________
---- -------------In ju rie s t o p e r s o n s .
_________________________________ _________ _________
L oss an d d a m a g e — S to c k k illed
_ ____________
___
S ta tio n e ry a n d p rin tin g _____________________________________________________
T o ta l
51
52
53
54
55
56
57
58
No.
15
29
64
96
21
47
19
62
12
15
85
83
24
63
92
T o ta l
23
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
$98,601
2 ,3 7 4 ,9 3 7
7 4 2 ,7 3 9
2 5 3 ,9 1 4
13 7 ,1 5 7
6 1 8 ,1 9 3
2 2 3 ,8 8 7
11 8 ,4 2 3
5 5 ,2 2 8
76 ,8 8 6
4 0 ,1 8 7
4 ,7 9 8
7 ,5 4 6
364,721
1 ,4 2 0 ,4 7 3
S ii ■ lntt< d e u c e
_________________________________________
_______
Ftoa Iw ai in d T r a c k R e p a ir s _______________________________ -------- _ _____
C ross tie s — R e n e w a ls o f -------- ------------------------------------------- —
.
................. ......
R a lls— R en ew a ls o f -------------------------------------------------------------------------------------------W a tc h m e n o f t r a c k a n d b r id g e s ------------ ----------------------- _
_ ..........
B ridge < n d c u lv e r t rep a irs
---------------------------------.
________
D e p o t r e p a ir s ----------------- -------------------------------------------------------------------------------Shoj> b u ild in g r e p a ir s --------------------------------------------------—
-----S e c tio n h ou se r e p a ir s .. ----------------------------------------- -------------------------------------------W a te r sta tio n r e p a ir s --------------------------------------------------------------- . _ ____
.
D re d g in g a n d rep a irs o f d o c k s a n d w h a r v e s ________
.
___ ____
T e le g ra p h r e p a i r s --------------- -----------------------------------------------------------------------S ta tio n e r y a n d p r in t in g ---------------------------------------- - ------ --------------E x tra o rd in a r y e x p e n se s
--------------------------------------------------------------.----------Im p r o v e m e n ts — W a y a n d s t r u c t u r e s ---------------------------------- -------- ----- ----
16
17
18
19
Amounts.
EX PE N D E D FOR
Maintenance of Wag and Structures.
N o.
___________ _______ ______________ ______ _____________________________
General Expenses.
. •
g m era l o f f i c e r s _____________ _ _______________________ __________
S alaries o f cle rk s a n d a t t e n d a n t s .________________ . ____
____ .
E x p e n se s general o ffic e r s , general o ffic e e x p en ses a n d su p p lie s.
_____
. .
•
______________
________________________________
L a w e x p e n s e s _____ _________________________________________
_______________
S ta tio n e r y an d p rin tin g fo r gen eral o ff ic e s ____________ _____ _______________
O th er gen eral e x p e n s e s _____________________________________________ _________
59
T o ta l
60
TABLE NO. X .— PASSENGER AND FREIGHT STATISTICS.
TOTALS
AND
AVERAGES
FOR
THE
YEAR
1 9 0 5-1906
COM PARED
No.
PASSENG ER TRAFFIC.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
9
23
M ilea g e o f roa d o p e r a t e d _____________
.
__________ _____________ ( a ) - - .
____ . . ..
. ___ _____________ (& )-- N u m b e r o f m iles ru n b y r e v e n u e tra in s
N u m b e r o f m iles run b y c a r s . . ______
N u m b e r o f ca rs In e a ch train _
N u m b e r o f p assen gers ca rrie d _
N u m b e r o f m iles ea ch p a ssen ger w a s ca rrie d
N u m b e r o f passen gers ca rried on e m ile
N u m b e r o f passen gers ca rried In ea ch train
. . _____. . . ______ __
N u m b e r of p assen gers ca rrie d in e a ch ca r _
E arn in gs fro m p a ssen ger train s
(0 .-. . . . . . ___. . .
E x p en ses o f p a ssen ger trains
_. . .
N e t ea rn in g s fro m p a ssen ger trains
•
________
E arnings per m ile o f road
E x p en ses per m ile o f road
N e t ea rn in g s per m ile o f road
cen ts
E arn in gs per re v e n u e train mile
cen ts
E x p en ses per re v e n u e tra in m ile
cen ts
N et earn in gs per re v e n u e train m ile
cen ts
E a rn in g s p er ca r m ile
cen ts
E xp en ses per c a r m ile
N et earnings per ca r m ile
cen ts
ce n ts
E a rn in g s p er passen ger
ce n ts
E arn in gs per p a ssen g er per m ile
P ercen ta g e o f e x p e n se s to -p a s s e n g e r earn in gs
•>
1905-1906.
id)
tb)
fr>
(ri\
W IT H
4 130.91
7 ,8 4 7 .1 7 0
4 1 ,2 4 5 ,4 1 0
4 .6 7
1 0 ,6 6 6 ,5 0 0
34.00
3 6 2 ,7 4 5 ,0 9 3
41 .0 9
12.28
$ 1 0 ,8 6 8 ,1 5 0 .5 3
$ 7 ,6 7 3 ,4 3 3 .3 7
$ 3 ,1 9 4 ,7 1 7 .1 6
$ 2 ,6 3 0 .9 3
$1 ,8 5 7 .56
$ 7 7 3 .3 7
I 23 .115
8 6 .9 2 5
3 6 .1 9 0
26 .350
18.604
7.746
8 2 .7 9
2.434
70 .60
THE
P R E V IO U S
1 9 0 4-1905.
3 ,826.31
6 ,9 7 3 ,4 7 5
3 8 ,7 8 8 ,8 0 4
4.91
9 ,5 1 8 ,7 0 5
38.90
3 7 0 ,0 8 4 ,2 2 0
46.84
13.12
$ 1 0 ,3 8 6 ,0 4 4 .7 1
$ 6 ,2 8 7 ,2 6 8 .3 1
$ 4 ,0 9 8 ,7 7 6 .4 0
$ 2 ,7 1 4 .3 8
SI .643.17
$1 .071 .21
13 1.450
79.574
51 .8 7 6
26.776
16.209
10.367
88.98
2.289
60.54
YEAR.
Percentage of
No.
Increase. Decrease.
7 9607
12.5288
1
*)
6.3333
4.8880
12.0583
12.5964
1.9831
12.2758
6.4024
4.6419
22.0472
22.0 5 6 8
3.0744
13.0473
...................
9 .2 3 7 9
27.804 1
6.3408
30.2375
1.5910
14.7757
6.3346
16.6171
M iles run b y m ix e d re v e n u e train s h a ve been a d d e d to P a ssen ger T rain M ileage In a r r iv in g at R esu lts o f P assen ger T r a ffic .
In clu d es m a ll, e x p re s s , e x ce ss b a g g a g e a n d train p riv ileg es
E x clu d es m a ll, e x p r e s s , e x ce ss b a g g a g e an d train p riv ileg es.
26.6963
6 .9 5 0 0
3
4
5
0
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
-»•
»
23
832
THE CHRONICLE.
F R E IG H T
N o.
T R A F F IC .
[VOL. L I I I I I I .
P ercentage of
1905-1906.
1904-1905.
In crea se.
24
25
20
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
Number of miles run by revenue trains____ ______ ________________________ (e)
Number of miles run by mixed revenue trains____________________ _ ___(ei
Number of miles run by cars, loaded. - ____________________________________
Number of miles run by ears, em p ty. _________ - - ------------------------------------Number of miles run by oars, loaded and em pty-------- - - - - - ........ _ ------Number of cars loaded in each tr a in ___ . ............ ............................. ............
Number of cars empty in each train-------------- --------- ------ --------- ------------------Number of cars loaded and em pty in each train----------------------------------------Percentage of loaded car mileage to total car mileage___ _ _____ _ ____
Percentage of em pty car mileage to total car mileage. ...................................
Number of tons carried ______________________________________________________
Number of tons carried one mile_____________________________________________
Number of miles each ton was carried___________________________ ____
Number of tons in each train. _ . ______________________________ . . . ------------Number of tons in each loaded car________ _________________ . _ -------------Number of tons in each loaded and empty car_____ _ ____ —
Earnings from freight revenue trains________________________________________
Expenses of freight revenue trains____________________________ ____________
Net earnings from freight revenue trains___________________________________
Earnings per mile of road--------------------------------------------------------------------------------Expenses per mile of r o a d ._______________________ ________________________ —
Net earnings per mile of road________________________________________________
Earnings per revenue train mile_____ ____________________________________ cents
Expenses per revenue train m ile.. __________________________________ ______ cents
Net earnings per revenue train mile______________________________________ .cents
Earnings per ear mile_____________ __________________________________________ cents
Expenses per car mile _ ____________________________________________________ cents
Net earnings per car m ile __________________________________________________ cents
Earnings per to n _____________________________________________________________ cents
Expenses per ton _
_ ________________________________________________________ cents
Net earnings per ton_________________________________________________________ cents
Earnings per ton per mile___________________________________________________cents
Expenses per ton per mile___________________________________________________cents
Net earnings per ton per mile_______________________________________________cents
Percentage of expenses to freight earnings_________________________________
T O T A L A L L T R A F F IC .
Gross earnings per mile of road— Passenger, freight and m isc.
Operating expenses per mile of road___________________________
Net earnings per mile of road_____________________________________
10,041,224
980,489
219,721,077
99,225,118
318,940,195
12.91
5.83
18.74
08.89
31.11
24,553,832
3,925,707,333
160
230.63
17.87
12.31
531,536,200.73
$23,200,030.34
58,276,170.39
57,634.20
55,630.73
$2,003.47
185.270
130.049
48.021
9.888
7.293
2.595
128.437
94.731
33.706
.803
.592
.211
73.76
$10,411.50
57,488.29
$2,923.21
14,371,866
927,633
203,699,437
99,085,152
302,784,589
13.31
0.48
19.79
67.28
32.72
21,041,000
3,505,899,568
167
229.15
17.21
11.58
527,732,625.41
520,202,752.06
57,529,872.75
57,247.88
55,279.96
51 ,967.92
181.265
132.048
49.217
9.159
6.672
2.487
131.803
96.016
35.787
.701
.576
.215
72.85
11.6155
5.6979
7.8653
.1413
5.3377
2.3930
16.6952
11.9743
.0459
3.8350
0.3040
13.7152
15.1330
9.9112
5.3301
6.6434
1.8065
2.2095
3.4843
$10,066.37
56.923.12
S3,143.25
7.9594
9.3076
4.3426
1.5171
2.7778
1.2491
3.4285
8.1635
D ecrease.
24
__________
25
---------------26
_____ . . .
27
---------------28
3.00 5 3
29
10.0309
30
5.3057
31
__________
32
4.9205
33
__________
34
__________
35
4.1916
36
___________
37
________ . .
38
__________
39
__________
40
__________
41
. . _______
42
__________
43
__ _______
44
_____ _____
45
__________
46
_________
47
1.2110
48
__________
49
_______
50
_________
51
2.5538
52
1.3383
53
5.8150
54
____ .
55
_ _.
..
56
1.8605
57
__________
58
..........39
-------- . . . . .
7.0004
60
61
(e) Miles run by mixed revenue trains have been added to Freight Train Mileage in arriving at results of Freight Traffic.
£ THE
■
ELEVENTH
ATCHISON TOPEKA & SANTA FE RAILWAY COMPANY.
ANNUAL
R EPO R T— FOR TH E
Office of The Atchison Topeka & Santa F e Railway System,
N o. 5 Nassau Street, New Y ork City.
September 5 1906.
To the Stockholders:
Y o u r D irectors su b m it th e fo llo w in g re p o r t fo r th e fiscal
y ea r J u ly 1 1905 to Ju ne 30 1906 in clu siv e .
T h e lines c o m p o s in g th e A tc h is o n S y ste m , th e o p e ra tio n s
o f w h ich are em b ra ce d in th e fo llo w in g sta te m e n ts, are as
fo llo w s:
J u n e 30 1906.
Atchison Topeka & Santa Fe Railw ay____ 6,861.52 miles.
Rio Grande & El Paso Railroad___________
20.17
Gulf Colorado & Santa Fe Railw ay_______1,433.86
Southern Kansas Railway of T exas_______ 129.17
Total
8,444.72
J u n e 30 1905.
6 ,839.98 miles.
20.17
1,328.74
129.17
8,318.06
T h e a v era g e m ile a g e o p e r a te d du rin g th e fiscal y e a r en d in g
Ju n e 30 1906 w as 8 ,4 3 3 .9 9 m iles. T h e to ta l in crea se o f
m ilea g e w as 126.6 6 m iles. T h e in crea se in th e a v era g e n u m
ber o f m iles o p e ra te d co m p a re d w ith th e p re ce d in g fisca l
y ea r w as 128.59 m iles.
T h e in crease in o p e ra te d m ile a g e in clu d es th e C ane B elt
R a ilro a d , S ea ly to M a ta g o rd a , T e x a s , 1 05.04 m iles, lea sed to
th e G u lf C olora d o & S an ta F e R a ilw a y C o m p a n y , e ffe c tiv e
J u ly 1 1905; also th e W e ste rn A riz o n a R a ilw a y , M cC on n ico to
C h lorid e, A r iz o n a , 21 .5 7 m iles, leased to th e A tc h is o n T o p e k a
& S an ta F e R a ilw a y C o m p a n y fr o m J a n u a ry 11 1906.
In a d d itio n to th e S ystem L in es co v e r e d b y th is r e p o r t,
th e C o m p a n y c o n tr o ls , th ro u g h ow n ersh ip o f s to ck s and
b o n d s , v a riou s a u x ilia ry ra ilw a y co m p a n ie s ow n in g lines o f an
a g g reg ate le n g th o f 1 ,0 9 2 .9 5 m iles (e x clu d in g lines u n d er c o n
stru ctio n , o f w h ich 3 9 3 .3 2 m iles w ere su b sta n tia lly c o m p le te d
Ju ne 30 1 9 0 6 ), as set fo r th o n p a g e 45 o f p a m p h le t re p o r t.
T h ese stock s an d b o n d s are carried in th e B a la n ce Sheet
u n d er th e h ead o f “ In v e s tm e n ts , N ew A c q u is itio n s .”
The
a g g reg ate a m o u n t o f b o n d s o f th ese co m p a n ie s o u tsta n d in g ,
e x clu siv e o f th o se o w n e d b y th is C o m p a n y , is $ 5 ,7 3 2 ,5 0 0 .
T h e a g g reg ate N et In c o m e o f th ese com p a n ies fo r th e fiscal
yea r a m o u n te d to $ 1 ,1 7 4 ,8 5 4 61 a fter d e d u c tin g ta x e s and
ren tals.
O f this sum $2 7 8 ,5 0 0 w as a p p lied in p a y m e n t o f
in terest on b o n d s n o t o w n e d b y th is C o m p a n y , w h ile $ 3 6 9 ,785 41 w as re ce iv e d b y th is C o m p a n y as in terest an d d iv i
den ds on b o n d s and sto ck s o w n e d b y it and is in clu d e d in th e
In co m e A c c o u n t u n d er th e h ea d o f “ In c o m e fr o m I n v e s t
m e n ts .”
T h e b a la n ce o f such N et In c o m e a m o u n tin g to
$526,569 20 w as n o t tak en in to th e a cco u n ts e m b ra ce d b y
th is re p o rt, b u t w as reta in ed b y th e severa l a u x ilia ry c o m
panies or a p p ro p ria te d b y th em to w a rd s n ew a cq u isition s
a n d im p ro v e m e n ts.
O f th e a u x ilia ry lines a b o v e referred t o , T h e P e co s V a lley
& N orth eastern lin es, th e S an ta F e P r e sc o tt & P h o e n ix
lin es an d T h e D e n v e r E n id & G ulf R a ilr o a d , b e in g in th e
a g g reg ate 739 .6 4 m iles, w ill b e trea ted as S y stem lines in
th e sta tem en ts h erea fter p u b lish e d . T h e s to ck s o f th e c o m
p an ies ow n in g th ese lines are h eld b y T h e A tch iso n T o p e k a
& S an ta F e R a ilw a y C o m p a n y .
IN C O M E S T A T E M E N T .
T h e fo llo w in g is a su m m a ry o f th e tra n sa ctio n s o f th e
S y stem fo r th e y ea rs en d in g June 30 1905 and 1906:
F IS C A L Y E A R
E N D I N G J U N E 30 1906.
1905.
1906.
Gross earnings from operation______________ S68.375.837 25 S78.044.347 25
Income from other sources__________________
813,902 40
1.346,401 SO
Income from all sources____________________$69,189,739 65 S79.390.749 05
Operating expenses, including taxes, rentals
and other charges__________________________ 47,835,883 50 51,035,355 71
$21,353,856 15 $28,355,393 34
Fixed charges, including accrued interest on
Adjustment Bonds_________________________
9 ,61 1 ,51 0 09
10.622,184 22
Net income_________________________________$11,742,346 06 517.733,209 12
Including the undivided surplus income of the auxiliary
companies for the year 1906, amounting to $526,569 20
(see remarks above), the total surplus net income for the
year would be equivalent to 5 % on the preferred stock
and 1 2.3 1 % on the common stock outstanding.
From the net income of the year the following amounts
have been deducted:
D ivid en ds on P referred Stock—
No. 15 ( 2 K % ) , paid Feb. 1
1906__________________________ $2,854,345
N o. 16 ( 2 1 4 % ) , paid Aug. 1
1906__________________________ 2,854.345
--------------- 55,708,690 00
D ivid en ds on Com m on Stock—
No. 10 ( 2 % ), paid Dec. 1 1 90 5 .52 ,0 39 ,1 10
No. 11 (2% ) , paid June 1 190 6 . 2,039,110
--------------- 4 ,07S,220
00
Appropriation to Fuel Reserve Fund______
218,984 77
Improvements written off___________________ 4 ,500,000 00
-------------------------
14.505,894 77
Surplus carried to Profit and Loss-----------------------------------------Surplus to credit of Profit and Loss June 30
1905 ________________________________________ S19.739.491 98
Deductions shown in Profit and Loss account 2,981,323 34
-------------------------
53,2 2 7,3 1 4 35
Surplus to credit of Profit and Loss June 30 190 6 ____________
S19,985,482 99
16,758,168 64
In c o m e fro m o th e r sou rces th a n earn in gs fr o m op e ra tio n
con sisted o f in terest on cash in b a n k an d sum s co lle cte d as
in terest and d iv id e n d s u p o n b o n d s an d s to c k o f co m p a n ie s
th e o p era tion s o f w h ich are n o t in clu d e d in th e S ystem
a cco u n ts.
D u ring th e fiscal y ea r th e sum o f $366,760 in cash w as
re ce iv e d as th e n et p ro ce e d s o f sales o f la n d em b ra ced in th e
S an ta Fe P a cific L a n d G ra n t, b u t th is w as d ire ctly w ritten
o ff th e b o o k va lu e o f R a ilr o a d s , F ra n ch ises an d O ther P r o p
e r ty , and th e tra n sa ctio n d oes n o t ap p ear in th e I n c o m e
A c c o u n t.
FUNDED DEBT.
O f th e Serial D e b e n tu re B o n d s , $ 2 ,5 0 0 ,0 0 0 m a tu red
F e b ru a ry 1 1906 and w ere p a id ; an d in a d d itio n th e C om
p a n y has p u rch a sed an d ca n ce le d $9 1 9,000 o f th e series fa llin g
du e F e b ru a ry 1 1907.
D u ring th e y e a r th e p riv ile g e w as g iv en to th e h old ers of
th e p referred an d co m m o n sto c k to su b scrib e fo r C o n v e rtib le
B o n d s at par and a ccru e d in terest to th e e x te n t o f 8 per cen t
o f th eir re sp e ctiv e h o ld in g s o f s to c k , su b scrip tion in stalm en ts
b ein g p a y a b le 25 per cen t A p r il 9-12 an d 75 p er cent a n d a d
ju ste d in terest on or b e fo r e O cto b e r 12 1906. U n d er th is
p riv ile g e su b scrip tion s h a v e b e e n re ce iv e d fo r $ 1 6 ,2 9 5 ,0 0 0 o f
b o n d s , o f w h ich th e re has b e e n p a id u p $ 9 ,0 6 8 ,7 5 0 . b e in g
$ 2 ,4 0 8 ,7 5 0 re ce iv e d on a c c o u n t o f first in sta llm en t an d $ 6 ,6 60,000 rep resen tin g su b scrip tion s p a id in fu ll, for w h ich
b o n d s h a v e been issued.
T h e fo llo w in g is a sta te m e n t o f th e fu n d ed d e b t on June 30
1906 e x clu d in g b o n d s in trea su ry :
O c t . 6 1900.J
833
THE CHRONICLE.
R a te
of
A v e ra g e
O p e ra t e d
T o ta l
E x p e n d it u r e
Y e a r e n d in g J u n e 3 0 .
M ile a g e .
E x p e n d it u r e .
C la s s o f B o n d s —
In te re st.
A m o u n t.
P e r M ile.
1897.
§ 5 3 4 45
_________
6 ,4 4 3 .8 1
$ 3 ,4 4 3 ,8 8 4 82
G en eral M ortg a g e—
1898
6 ,9 3 6 .0 2
4 ,6 5 9 ,2 7 7 99
D u e O c t o b e r 1 1 9 8 5 - . - ............................. .................................
4%
§ 1 4 0 ,0 3 4 .5 0 0
671 75
1899.
7 ,0 3 2 .6 2
4 ,8 1 0 ,7 9 5 64
6 8 4 07
A d ju s t m e n t M o r t g a g e —
1 9 0 0 ______
4%
5 1 ,3 3 0 ,0 0 0
7 ,3 4 1 .3 4
5 ,2 6 7 ,8 3 2 4 0
D u e J u ly 1 1 9 0 5 .......................... - .................................................
7 1 7 50
1 9 0 1 ...
-.7 ,8 0 7 .3 1
6 ,2 5 7 ,4 5 0 5 7
801 49
C o n v e r t i b le B o n d s —
7 ,8 5 5 .3 8
7 ,8 6 4 ,9 5 1 25
1,001 22
D u e J u n e 1, 1 9 5 5 , F irst I s s u e . ...................................
4 % 3 2 .4 2 0 ,0 0 0 1 9 0 2 . . _____
•
•
"
S e c o n d I s s u e __________________________
4%
9 ,0 0 8 ,7 5 0
1 9 0 3 ..........
7 .9 6 5 .1 3
8 ,8 1 0 ,5 4 3 0 9
1 ,0 6 8 4S
1 ,2 2 3 31
1904.
...8,179.59
10,006,135 1
1
S e ria l D e b e n t u r e s —
..8 ,3 0 5 .4 0
1 0 ,9 1 4 ,8 6 4 47
1905. . _______
4%
1 9 ,0 8 1 ,0 0 0
5 2 .5 0 0 ,0 0 0
d u e F e b r u a r y 1 o f e a c h y e a r ____________
1 .3 1 4 19
1906.
.
_______ 8 .4 3 3 .9 0
1 0 ,7 2 0 .0 4 0 43
1 .2 7 1 05
E a s te r n O k la h o m a D iv is io n —
D u e M arch 1 1 9 2 8 . . .
______________________________
4%
0 ,1 2 8 ,0 0 0
For the year ending June 30 1906 maintenance charges
S a n F r a n c is c o 5: S a n J o a q u in V a lle y R y . —
D u e O c t o b e r 1 1 9 4 0 . . ...............................................
5 % 0 ,0 0 0 ,0 0 0
averaged as follows:
C h ic a g o & S t . L o u is R y.—
P0 r l o c o m o t i v e — ---------------------------------------------------------------------------------- § 3 ,1 0 1 .2 4
D u e M a r c h 1 1 9 1 5 .......................................................
6 % 1 ,5 0 0 ,0 0 e
P e r l o c o m o t i v e m i l e ____________________________________________________
.1 1 0 8
C h ic a g o S a n ta F e & C a lifo r n ia R y. —
P er
8 8 8 .0 0
D u e J a n u a r y 1 1 9 3 7 ----------------------------------5 ? o 5 0 0 ,0 0 0 p a s s e n g e r c a r . I n c lu d in g m a ll, b a g g a g e a n d e x p r e s s ................ ..
P e r r e v e n u e p a s s e n g e r c a r m i l e ____ __ _____________________________
.0 0 8 8
H u t c h in s o n & S o u t h e r n R y . —
1 0 3 .7 1
P e r f r e ig h t c a r . . ___________________________ __________________ _______
D u e J a n u a r y 1 1 9 2 8 ------------------------------------------------------------5%
1 9 5 ,0 0 0
P e r r e v e n u e f r e i g h t c a r m i l e __________________________________ ________
.0 0 8 3
T o t a l _______________________ ________ _______________________________ $ 2 7 2 ,9 3 3 250
.V iifi.— 5 4 .5 5 0 o f M is c e lla n e o u s B o n d s o n w h ic h n o In te re s t Is p a id h a v e
b e e n o m i t t e d f r o m a b o v e t a b le .
S I . 7 0 8 .0 0 0 o f b o n d s o f c e r t a in lin e s
o p e r a t e d b v th e G u lf C o lo r a d o & S a n ta F e R a ilw a y C o m p a n y u n d e r le a se s
a n d In c lu d e d In th e s e s t a t e m e n t s a s S y s t e m lin e s a re a ls o o m i t t e d , th e
in te r e s t o n th e s e b o n d s b e in g c h a r g e d a s r e n ta l.
Interest charges for year ending June 30 1907 will be
approximately S ll .197,093 67, being an average monthly
charge of $933,091 14.
FUNDED
D E BT
A N D C A P IT A L
OF R O A D .
STOCK
PER
M ILE
F u n d e d D e b t a s s h o w n b y G e n e r a l B a la n c e S h e e t , p a g e S 3 6 ,
e x c lu d in g G e n e r a l M o r t g a g e a n d A d j u s t m e n t B o n d s In t h e
T r e a s u r y __________________________________________________ ___________ $ 2 7 2 ,9 3 7 s o o
B o n d s o f A u x ilia r y C o m p a n ie s n o t h e ld b y T h e A t c h i s o n T o p e lc a
& S a n t a F e R a ilw a y C o m p a n y
----------- --------------------------------------5 ,7 3 2 ,5 0 0
B o n d s o f le a s e d lin e s n o t h e ld b y T h e A t c h is o n T o p e k a & S a n t a
F e R a i l w a y C o m p a n y o f w h i c h t h e In te r e s t is p a i d a s r e n t a l . .
1 ,7 0 8 ,0 0 0
T o t a l _________________________________________________________ - _______§ 2 8 0 ,3 7 8 ,3 0 0
F u n d e d D e b t f o r e a c h m ile o f r o a d ___________________
C o m m o n S t o c k f o r e a c h m ile o f r o a d ( e x c l u d i n g s h a r e s In
T r e a s u r y ) . --------------------------------------------------------------------------------------P r e fe r r e d S t o c k f o r e a c h m ile o f r o a d ( e x c l u d i n g s h a r e s in
T r e a s u r y ) ___________________________________
$ 2 8 ,3 5 5
M ile a g e u p o n w h ic h G e n e r a l M o r t g a g e is a d ir e c t l i e n .
-----M ile a g e r e p r e s e n t e d b y s t o c k s a n d b o n d s p l e d g e d u n d e r
G e n e r a l M o r t g a g e __________________________________ .---------- . ------------
6 ,1 0 1 .2 9
T o t a l m i le a g e s u b j e c t t o G e n e r a l M o r t g a g e _________________
T o t a l o w n e d m ile a g e (se e p a g e 45 o f p a m p h l e t ) __________________
C A P IT A L
E X P E N D IT U R E S A N D
BOOK VALU ES.
1 0 ,3 1 1
These maintenance charges include a proportion of unlo
cated expenditures for Maintenance of Equipment chargeable
to Superintendence, Shop Machinery and Tools, Stationery
and Other Expenses.
The amount to the credit of Rolling Stock Replacement
Fund on June 30 1905, as shown in the last annual report,
was $491,840 84. To this amount there was added during
the year the sum of $1,632,290 99, of which $1,442,162 94
was charged to Operating Expenses and $190,128 05 was
collected in cash for equipment sold and equipment destroyed
on foreign lines. Said sum represents the present cost of
new equipment corresponding to 16 locomotives and 1,536
cars destroyed or otherwise disposed of, making a total fund
of $2,124,131 83 available for the acquisition of new loco
motives and cars. The following equipment was acquired
during the year by use of this replacement fund:
20 L o c o m o t i v e s __________________________________________________
§ 3 2 8 ,7 2 8
1 ,2 1 7 F r e ig h t C a r s ___________________________________________________
1 ,2 0 3 ,4 2 1
3 7 0 ,2 8 3
4 7 P a s s e n g e r C a r s ______ _____ :____________________________________
A d d c o s t o f 2 5 3 B o x C a rs p u r c h a se d , a n d c h a r g e d t o
''E q u i p m e n t '’ In fis c a l y e a r e n d in g J u n e 3 0 1 9 0 4 ,
n o w a p p lie d in r e d u c t io n o f t h e r e p la c e m e n t f u n d . .
1 9 7 ,3 4 0
7 ,7 3 6 .6 2
9 ,8 8 7 .9 9
R E D U C TIO N
OF
The expenditures during the fiscal year chargeable to
capital account for the construction and acquisition of addi
tional railways, equipment and other properties and for im
provements, amounted in the aggregate to $26,828,581 91.
These expenditures may be summarized as follows:
C o n s t r u c t io n a n d a c q u i s i t i o n o f n e w m i l e a g e , i n c lu d in g t h e a c q u is it io n o f
b o n d s a n d s t o c k s o f o t h e r r a ilw a y c o m p a n i e s :
A r iz o n a & C a lifo r n ia R y ________________________________________
§ 5 2 6 ,8 5 3 72
B a r n w e ll & S e a r c h lig h t R y ________________ _____________________
1 9 ,0 9 7 97
C a n e B e lt R R _____________________________________________________
5 5 ,0 8 1 89
D e n v e r E n id & G u l R R ___________________ „ ---------------------------2 ,0 0 5 ,8 2 8 93
E a s te r n R y . o f N e w M e x i c o ____________________________________
3 ,7 6 9 ,2 1 4 26
E a s te r n O k la h o m a R y ________________________________
2 4 5 ,2 0 2 58
F o r t B r a g g & S o u t h e a s t e r n R R _ _ . _ _ - ----------------------------------3 4 3 ,0 8 5 60
F r e s n o C o u n t y R y ________________________
7 6 ,6 6 6 92
G r a n d C a n y o n R y _________________________________________
4 ,0 3 0 00
G u lf B e a u m o n t & G r e a t N o r t h e r n R y _________________________
6 ,4 5 2 81
G u lf B e a u m o n t & K a n s a s C it y R y _____________________________
7 5 ,7 6 1 20
J a s p e r & E a s te r n R y ------------------------------------------------------------------4 0 9 ,2 0 8 13
O a k d a le W e s t e r n R y ____________________________________________
8 ,1 1 4 80
P e c o s & N o r t h e r n T e x a s R y __________________________________
9 0 ,9 4 0 32
P h o e n i x & E a s t e r n R R . ------------------------------------------------------------1 6 5 ,3 9 6 47
T e x a s & G u l f R y ___________
1 ,0 0 0 ,0 0 0 00
S a n F r a n c i s c o & N o r t h w e s t e r n R y . __________________ C r e d it
5 1 ,9 4 3 88
S u n s e t R R _________________________________________________________
5 ,5 3 7 79
W e s t e r n A r iz o n a R y ____________________________________________
1 4 ,6 6 5 86
A . T . & S . F . R y . (O w a s s o E x t e n s i o n ) _______________________
2 4 ,2 7 0 03
T o t a l _____________________________________________________________ § 8 ,7 9 3 ,4 6 5 40
A c q u is it io n o f a d d it io n a l r ig h t o f w a y , d e p o t g r o u n d s , rea l
5 2 1 ,1 0 8 15
e s t a t e a n d t e r m i n a l s ______________________________________________
A c q u i s i t i o n o f e q u ip m e n t (In a d d i t i o n t o e q u i p m e n t a c
8 ,9 8 5 ,1 5 9 01
q u ir e d b y u se o f R e p l a c e m e n t F u n d ) _________________ ______
9 ,3 1 9 25
I m p r o v e m e n t s o f E q u i p m e n t --------- ---------- -----------------------------------R e d u c t i o n o f g r a d e s , c h a n g e s o f lin e a n d c o n s t r u c t i o n o f
3 .3 4 8 .4 3 1 42
p e r m a n e n t w a y ___________________________________________________
1 .9 3 5 .7 0 1 37
S e c o n d t r a c k __________________________________________________ ____
3 0 8 ,1 8 3 35
B a l l a s t i n g ____________________________________________________________
1 ,2 8 9 ,2 3 0 26
B u ild in g s a n d s h o p s . . ----------- ------------------------------------------- —
7 8 0 ,9 9 1 17
------------- --------------C r e d it
I m p r o v e m e n t s o f C h in a B a s in ’ .
9 5 ,9 1 5 77
I m p r o v e m e n t s o f M o ja v e D i v i s i o n -----------------------------------------------1 ,3 1 0 ,0 0 0 00
F u e l L a n d s ____________________________________________________________
7 3 8 .9 5 5 24
O t h e r I m p r o v e m e n t W o r k --------- -------------------------------------------------7 5 ,2 6 1 00
S o u t h e r n C a lifo r n ia R y . C o . P r e fe r r e d S t o c k ---------------------_
1 9 8 ,8 4 2 86
M is c e lla n e o u s I t e m s ___________________________________________ —
§ 2 6 ,8 2 8 ,5 8 1 91
• .V ole.— T h is c r e d it r e p r e s e n t s a t r a n s fe r o f a lik e s u m t o o t h e r b e t t e r
m e n t a n d i m p r o v e m e n t Ite m s .
The sum of $253,621 19 out of Fuel Reserve Fund was
applied to reimburse the treasury to that extent in respect
of the cost of the shares in the Petroleum Development
Company and this sum was written off the book value of
those shares.
The sum of $366,760 in cash having been received as net
proceeds of the sale of Santa Fe Pacific lands, that sum was
written off the book value of Railroads, Franchises and Other
Property.
By order of the Board, betterments and improvements to
the amount of $4,500,000 were written off by a charge to
Income Account.
M A IN T E N A N C E OF E Q U IP M E N T .
The following statement shows the sums charged to
Operating Expenses for Maintenance of Equipment during
each year since July 1 1896:
00
§ 2 ,0 9 9 ,7 7 3 79
1 1 ,5 4 7
1 ,6 3 5 .3 3
89
62
28
The unexpended balance to the credit of the Rolling Stock
Replacement Fund on June 30 1906 was $24,358 04.
The following charges were made to Capital Account in
respect of additional equipment purchased and in respect of
payments made for equipment received during the previous
year:
159
5 ,1 8 8
81
11
L o c o m o t i v e s _____________________________
$ 2 ,9 5 2 ,1 9 3
F r e ig h t C a r s ____________________________________________________ 5 ,3 4 0 ,7 4 1
P a s s e n g e r C a r s _________________________________________________
8 5 3 ,9 3 9
M is c e lla n e o u s C a r s ____________________________________________
3 5 .5 9 6
28
R iv e r S t e a m e r ______ ___________________________________________
12
32
09
80
68
§ 9 ,1 8 2 ,4 9 9 01
D e d u c t c o s t o f 2 5 3 B o x C a rs c h a r g e d a g a in s t t h e r e
p la c e m e n t fu n d d u r in g c u r r e n t y e a r w h i c h w e r e p u r
c h a s e d a n d ’ c h a r g e d t o " E q u i p m e n t ” d u r in g fisca l
y e a r e n d in g J u n e 30 1 9 0 4 _________________________________
1 9 7 ,3 4 0 00
§ 8 ,9 8 5 ,1 5 9 01
A statement of the locomotives in service and of their
tractive power will be found on page 41 of pamphlet report.
MAINTENANCE OF W A Y AND STRUCTURES.
The following statement shows the sums charged to Operat
ing Expenses for Maintenance of Way and Structures during
each year since July 1 1896:
Average Operated
Year ending June 30.
M ileage.
1897
___________________ 6.443.81
1898
_____
6,936.02
1 8 9 9 ..
7,032.62
1900_____
____________ 7,341.34
1901.. _____________ . .7,807.31
1902_______
..7 ,8 5 5 ,3 8
1903-_7.96 5.13
1904 _ _ _______ . ______ 8,179.59
1 9 0 5 ..
8,305.40
1906 _____________________ 8,433.99
Total
Expenditure.
§6,282,923 15
8,281,397 88
7.672,107 62
6,354,372 10
6,433,840 36
6,141,466 39
9,304,892 04
9,170,234 07
11,385,418 33
12,475,407 97
Expenditure
Per M ile.
§975 03
1,193 97
1,090 93
•
865 56
824 08
78182
1,168 20
1,121 11
1,370 85
1,479 18
COMPARISON OF OPERATING RESULTS.
The following is a statement of the earnings and expenses
of the System for the fiscal year ending June 30 1906 in com
parison with the previous year:
Earnings—
P a s s e n g e r ___________________
F r e ig h t _____________t _____
M all a n d E x p r e s s _________
T ota l
E a r n in g s ........... ..
Year Ending
Year Ending
■June 30 1 9 0 6 . June 30 1 9 0 5 .
§
1 8 ,0 1 3 ,9 8 8
5 4 ,5 9 8 ,9 0 2
4 ,3 2 4 ,1 3 1
. 1 ,1 0 7 ,3 2 4
$
56 1 6 ,0 4 5 ,3 8 0
82 4 7 ,4 0 8 ,9 8 2
03
3 ,8 0 4 ,5 2 8
84
1 ,1 1 6 ,9 4 6
27
36
54
08
7 8 ,0 4 4 ,3 4 7 25 6 8 ,3 7 5 ,8 3 7 25
In c.I + ) or
Decrease l— ).
§
+ 1 ,9 6 8 ,6 0 8
+ 7 .1 8 9 .9 2 0
+ 5 1 9 ,6 0 2
— 9 ,6 2 1
29
46
49
24
+ 9 ,6 6 8 ,5 1 0 00
Operating E xpenses—
M a in t e n a n c e o f W a y a n d S t r u c
t u r e s ______ ________ _________
' 12 ,4 7 5 ,407
M a in te n a n c e o f E q u i p m e n t 1 0 ,7 2 0 .0 4 0
C o n d u c t in g T r a n s p o r t a t i o n . .2 3 ,3 7 0 ,5 7 2
1 .931 ,497
97 11 ,3 8 5 ,4 1 8
43 1 0 ,9 1 4 ,8 6 4
43 21 .3 6 2 ,8 5 9
1 ,8 5 4 ,2 4 1
75
33
47
64
87
+ 1 ,0 8 9 ,0 8 9
— 1 9 4 ,8 2 4
+ 2 ,0 0 7 .7 1 2
+ 7 7 ,2 5 5
64
04
70
88
.4 8 ,4 9 7 ,5 1 8 58 4 5 ,5 1 7 ,3 8 4 31
+ 2 ,9 8 0 ,1 3 4 27
N e t E a r n in g s fr o m O p e r a t i o n ..29 ,5 4 6 .8 2 8 67 2 2 ,8 5 8 ,4 5 2 04
2 9 ,5
P e r c e n t a g e o f O p e r a t in g E x
6 0 .5 7
p e n s e s t o E a r n in g s .
6 2 .1 4
+ 0 ,0 8 8 ,3 7 5 73
— 4 .4 3
No portion of the earnings was derived from the transpor
tation of Company material.
The average tons of revenue freight per loaded car mile
increased from 14.05 to 14.65, or 4.27 per cent.
The average tons of revenue freight carried per freighttrain mile increased from 281.85 t( 307.37, or 9,0 5 pei cent.
The average freight revenue per freight-train mil' increased
from $2 S2 to $2 87, or 1.77 per c n t .
The average passenger revenue per par enger-train mile
increased from $1 12 to $1 U>. • 3.57
r nt.
834
THE CHRONICLE.
[ V O L . LXXXI11.
The average total revenue per passenger-train mile in
creased from $1 38 to $1 44, or 4.35 per cent.
T ons of revenue freight carried one mile increased 1,111,330,484, or 23.49 per cent, while freight-car mileage increased
83,313,281 m iles, or 17.69 per cent, and freight-train mileage
increased 2,222,233 miles, or 13.24 per cent.
T he num ber of passengers carried one mile increased 100,860,433, or 13.57 per cent. The passenger-car m ileage in
creased 10,355,852 miles, or 11.55 per cen t, and the passen
ger-train m ileage increased 1,177,337 m iles, or 8.19 per cent.
The follow ing is a consolidated statem ent of the business
of the System for each fiscal year during the period since
January 1 1896:
JASPER & E A S T E R N R A IL W A Y .
This road has been opened for traffic to De R id d er, L ouisi
ana, and is nearly com pleted thence to Oakdale, Louisiana,
work having been delayed b y wet weather and scarcity of
labor.
D E N V E R E N ID & G U L F R A IL R O A D .
This line, extending from Guthrie, O klahom a, northwest
to K iow a , K ansas, has been purchased, as well as its affiliated
road, the D enver Kansas & Gulf R ailroad, extending from
K iow a, v ia M edicine L od ge, to B elvidere, Kansas, the latter
being now under con stru ction. These lines serve a good
agricultural territory and form a short route betw een your
main lines in Oklahom a and north Texas and the W est.
Expenses,
Including
Taxes.
Rentals
and Other
Charges.
T E X A S & GULF R A IL W A Y .
This road, extending from L on gview , T exas, south to
Tim pson, Texas, has been purchased with a view to con n ect
ing it at Center with you r present lines.
Fiscal Year
Ending
June 30—
Earnings,
Including
Income
Average
from Other
M ties
Operated Sources.
1897 (18 mos.) 6,443.81 $44,541,689
... 6,936.02 39,396,126
1898
1899 ________ 7,032.62 40,762.933
__ 7.341.34 46.498,899
1900
1901
_ 7.807.31 54,807,379
1902
__ 7,855.38 60,275,944
1903 ________ 7,965.13 63,668,390
8,179.59 69,419,975
1904
........................................
--- 8,305.40 69.189.739
1905
1906
__ 8,433.99 79,390,749
Fixed
Adjust
Interest ment Bond
Interest.
Charges.
$36,038,455 $6,900,007 SI.540,380
30,524,179 4,992.148 2.053.840
29,353,618 5,188,132 2.053.840
29,434,048 5,291,326 2.053.840
34,510,665 5,776,970 2.053.840
36,272,432 6,385,145 2.053.840
40,635,576 7,080,645 2.053.840
44,641,434 7,364,930 2.053.840
47,835,883 7,557,670 2.053.840
51,035,355 8,568,344 2.053.840
Surplus.
862,846
1,825,958
4,167,343
9,719,684
12,465,903
15,564,526
13,898.329
15,359,771
11,742,346
17,733,209
The follow ing statem ent shows the gross earnings o f the
System Lines (exclusive o f incom e from other sources) per
mile o f road operated for each fiscal year since July 1 1896:
Year ending June 30.
1897 __________________
1898 __________________
1899 __________________
1900 ____ , ____________
1901 __________________
1902 __________________
1903 __________________
1904 __________________
1905 __________________
1906 __________________
Gross Earnings
from, Operations.
$30,621,230 10
39,214,099 24
40,513,498 63
46,232,078 23
54,474,822 61
59,135,085 53
62,350,397 28
68,171,200 18
68,375,837 25
78,044,347 25
Average per
Mile of Road.
$4,752 04
5,653 69
5,760 80
6,297 49
6,977,41
7,527 97
7,827 92
8,334 31
8,232 70
9,253 55
The follow ing statem ent shows the developm ent o f the
freight and passenger earnings o f the System since July 1 1896
Year ending June 30.
1897
1898
1899
1900
1901
1902
1903
1904
__________________
__________________
_________________ _
__________________
__________________
__________________
__________________
___________
19 >5___________________
1903_________________
Freight
Earnings.
$22,067,686 77
28,588,716 76
29,492,586 65
33,729,332 83
39,052,557 43
41 ,815,607 05
44,622,438 71
47,762,653 23
47,408,982 36
. 54,598,902 82
Passenger
Earnings.
$5,574,288 31
7,347,361 59
8,126,141 85
9,334,661 57
11,678,017 25
13,439,384 57
13,469,985 78
15,433,773 63
16,045,380 27
18,013,988 56
TREASU RY.
The C om pany held in its treasury on June 30 1906 the fo l
low ing cash and cash assets, v iz.:
C a s h ________________________ _________________________________ $17,321,750 08
Securities, estimated cash value (see E xhibit D ) ____________
2,837,026 26
T o ta l_______________________________________________________ $20,158,776 34
There remain unissued General M ortgage Bonds am ounting
to over $5,600,000, all o f w hich are n ow available. This
C om pany also has in the treasury unpledged the stocks and
bon ds of other com panies, carried in the balance sheet as
Investm ents in Other Com panies at a cost of $25,166,933 74,
and stocks and bonds o f certain branches operated as part
o f the System and included in the Balance Sheet under R a il
roads, Franchises and Other P rop erty.
No notes or bills payable of this C om pany or of any of its
auxiliaries are outstanding.
FUEL R ESER V E FUND.
The dividends received from sundry fuel com panies have
been added to this fu n d, and certain paym ents for oil and
coal properties have been deducted therefrom :
A m ount to credit o f Fund June 30 1905________________________ $412,670 73
A dded during the year__________________________________________ 225,472 82
D educt sums paid for coal and oil properties_________________
$638,143 55
253,521 19
In Fund June 30 1906____________ ___________________________ $384,622 36
There is also in the treasury o f the C. & P . C. & M. Co.
the sum of $403,575 58, being surplus earnings o f th at Com
p an y, so that the total am ount available for renewal of fuel
properties in which you r C om pany is interested is $788,197 94.
SO U RC ES OF R E V E N U E .
The very substantial increase in gross earnings is due to
g ood crops and to the general prosperity en joyed b y the en
tire cou ntry. The com paratively small increase in operating
expenses is due m ainly to the absence o f the excessive rainfall
w hich was experienced during the preceding year.
E A S T E R N R A I L W A Y OF N E W M E X IC O .
This road, extending from T e x ico , New M exico, to Belen,
New M exico, 250 m iles, is nearly com pleted.
I t is necessary to make extensive im provem ents on the
lines east o f T ex ico in order to bring them to the standard of
your other main lines and perm it econom ical operation for
through traffic, and w ork in that direction is under w ay.
A R IZ O N A & C A L IF O R N IA R A I L W A Y .
Track has been laid on this line from W icken bu rg, A rizona,
to within 20 miles o f the Colorado R iv e r.
SULPHUR BRANCH.
This line, 9.5 miles lon g, is under construction between
Davis, Indian T erritory, and Sulphur— the latter being a
Governm ent reservation noted for its sulphur springs.
S E A R C H L IG H T E X T E N S IO N .
A branch is under construction from a point near B arnw ell,
California, on the California Eastern branch, to the mining
tow n of Searchlight, N evada, 22.93 miles.
C A N Y O N C IT Y — P L A IN V IE W L IN E .
A branch is under construction from Canyon C ity, T exas,
to Plainview, T exas, 58 m iles.
SECON D T R A C K .
The second track m ileage m entioned in the last report,
am ounting to 161.03 m iles, has been com p leted , and in
addition there was under construction at the end of the fiscal
year the follow ing:
Coal City to Kernan, 111_______________________________________
Smlthshlre to East Fort Madison, 111_____________________________
Nixon, Iowa, to Wyaconda, Mo. (grading only)__________________
Newton to Mission, Kan______________________________________
Miles.
25.7
29.5
28.7
5.7
Im provem ent work has been prosecuted upon a large scale,
though under som e difficu lty because o f scarcity of labor and
material. In spite o f the very large additions m ade to equip
m ent and to facilities of all kinds, the pressure of business has
been so great that the lines have been taxed at tim es beyon d
their cap acity, resulting in som e cases in inadequate service,
in additional cost in handling traffic and in the loss of som e
traffic that was offered. Y e t, on the w hole, the business has
been well handled and with bu t little friction . B oth track
and equipm ent are in excellent con dition.
T H E SAN F R A N C IS C O E A R T H Q U A K E .
Practically no direct loss was occasioned to you r p roperty
b y reason of this calam ity. The offices were bu rned, t o
gether with a few freight cars, b u t the loss was fu lly insured.
Free service to the value o f abou t $300,000 was rendered to
the destitute, and the cost o f this service, together w ith pur
chases of some supplies and donations, represents the only
cash loss. W h a t, if any, future loss m ay accrue it is difficult
to estimate; bu t the business of San F rancisco, while large,
constitutes a very small portion of jrnur total revenue.
A pparently the general business o f the city has n ot been seri
ously dim inished, although it is transacted under difficulties.
T H E D E V E L O P M E N T OF T H E SY S T E M .
The first full 3 rear o f the operations o f the C om pany was
that which ended on June 30 1897. The published statistics
do not include the operations of certain controlled com panies
owning, in the aggregate, 1,092.95 miles of railroad (see
page 45 of pam phlet re p ort), the interest in these controlled
companies being treated in the accounts m erely as an in
vestm ent in stocks and bon ds. Including the operations
o f these controlled com panies •with the rest o f the System ,
the follow ing increases are shown for the year to June 30
1906, that being the tenth full year since the organization
of the Com pany:
Average operated mileage increased from 6,443.81 to
9,526.94, or 47.85 per cent.
Gross earnings increased from $30,621,230 10 to $81,344,859 17, or 165.65 per cent.
Gross earnings per mile increased from $4,752 04 to $8,538 40, or 79.68 per cent.
Net earnings from operation (before deducting rentals,
taxes and other charges) increased from $7,754,041 29 to
$30,777,922 19, or 296.93 per cent.
For the year which ended June 30 1897 there was no n et
incom e after deducting taxes, rentals and fixed charges,
while for the year which ended June 30 1906 the net incom e
(including undivided net incom e o f the auxiliary lines), after
deducting all charges, am ounted to $18,259,778 32.
During the same period the outstanding capital obligations
of the Com pany -were increased from $390,396,280 in 1897 to
$491,684,330 on June 30 1906, or 25.94 per cent. The
additional capital was required in part for the construction
and acquisition of the new m ileage, and in part for the ac
quisition of additional rolling stock and other facilities neces
sary to enable the C om pany to transact its largely increased
business. A considerable share of the increase of the gross
and net earnings of the C om pany during the last ten years
was due to the additional mileage -which has been con stru cted
O c t . G 1906.J
835
THE CHRONICLE.
or purchased. The now lines have not only proved profitable
in themselves, but have contributed largely to the earnings
of the rest of the System.
It will be necessary to continue the same policy of expan
sion in the future. The country served by the System is
growing so rapidly that a large amount of additional equip
ment and of other facilities for the transaction of business
must be provided. Moreover, the settlement of new terri
tory will require the construction of additional lines that,
naturally and properly, should be constructed by the Com
pany as feeders of its System. While the policy of expending
part of the surplus income upon the property should be con
tinued, the cost of extending and enlarging the System cannot
be paid out of earnings. It will therefore be necessary, from
time to time, to obtain additional capital.
•For the five years last past (including one year of extraor
dinary floods, which affected net earnings to the extent of
at least 3 per cent on the common stock) the net income
applicable to dividends on the common stock has averaged
about 9 per cent.
However, in the opinion of the Board, the whole amount
of the net earnings of the Company shown by the accounts is
not properly available for the payment of dividends on the
Company's stock. Prudent management requires that part
of the surplus income during years of great prosperity should
be reserved for the purpose of improving the Company's
property and increasing the stability of the investment of its
shareholders. Furthermore, every large railroad system in
the United States is obliged to expend annually considerable
sums for improvements and additions that are not chargeable
to ordinary operation and maintenance expenses, but never
theless ought not to be charged to capital account. Of this
class are expenditures for elevating tracks in cities, for addi
tional safety appliances, for better stations and cars and gen
erally for furnishing better service to the public without in
creasing charges. Although expenditures of this class are
not ordinary maintenance expenditures, yet they should be
charged to income and not to capital account, except to the
extent that they clearly add to the net income of the Com
pany by increasing earnings or by reducing operating
expenses.
While it is of little practical consequence whether the un
divided surplus income be allowed to stand upon the books
as surplus, or be written off by direct charges to current in
come, or by charges to Profit and Loss Account, the Directors
have deemed it advisable to write off part of the surplus as in
previous years, so that the book surplus representing income
already expended on the property may not be unduly in
creased. Accordingly, $4,500,000 was charged to the in
come of the fiscal year on account of betterments, improve
ments, &c., written off, and certain additional charges were
made in the Profit and Loss Account.
Betterments and improvements on existing mileage and
discount on bonds sold from the organization of the Company
to June 30 1906 amounted in the aggregate to $4,3,060,847 98.
During the same period the undivided surplus net income,
after deducting all charges and dividends, amounted in the
aggregate to $40,131,788 27. Of this sum $20,146,305 28
was charged off in various ways, leaving a balance of $19,985,482 99 standing to credit of Profit and Loss as surplus
on June 30 1906.
Your directors take pleasure in recording their appreciation
of loyalty and efficient service by officers and employees.
E. P. RIPLEY, P resid en t .
THE ATCHISON TOPEKA & SANTA FE RAILWAY COMPANY— SYSTEM.
Including The Atchison Topeka & Santa Fe Railway Company, Rio Grande & El Paso Railroad Company, Gulf Colorado &
Santa Fe Railway Company and The Southern Kansas Railway Company of Texas.
D r.
IN C O M E
ACCOUNT
FOR
O p e r a t in g E x p e n s e s —
M a i n t e n a n c e o f W a y a n d S t r u c t u r e s ___ S I 2 , 4 7 5 , 4 0 7
M a i n t e n a n c e o f E q u i p m e n t ___________________ 1 0 . 7 2 0 , 0 4 0
C o n d u c t i n g T r a n s p o r t a t i o n ___________________ 2 3 , 3 7 0 , 5 7 2
G e n e r a l E x p e n s e s _______________________________
1 ,9 3 1 ,4 9 7
TH E
F IS C A L
YE A R
E N D IN G
JU N E
30
1906.
E a r n in g s —
P a s s e n g e r __________________________________________ $ 1 8 ,0 1 3 9 8 8 5 6
5 4 ,5 9 8 ,9 0 2 82
F r e i g h t ___________________________________________
M a l l , E x p r e s s a n d M i s c e l l a n e o u s ___________
5 ,4 3 1 ,4 5 5 87
97
43
43
75
$ 7 8 ,0 4 4 , 3 4 7 2 5
$ 4 8 ,4 9 7 , 5 1 8 58
2 ,1 1 8 ,6 3 3 37
2 2 5 ,9 3 6 19
2 7 ,2 0 2 ,2 5 9 II
T a x e s __________________________________ ______
R e n t a l o f T r a c k s a n d T e r m i n a l s ______
B a la n c e — N et I n c o m e f r o m O p e r a t io n
$ 7 8 ,0 4 4 , 3 4 7 25
I n t e r e s t o n B o n d s . . ___________________________________________________ $ 1 0 ,6 2 2 , 1 8 4
4 0 ,4 0 9
A d v a n c e s t o S u b s i d i a r y C o m p a n i e s _______________________________
R e n t a l o f L e a s e d L in e s (in e x c e s s o f in c o m e f r o m s e c u r itie s
o f s a m e l i n e s o w n e d ) ______________________________________________
1 0 1 ,8 0 2
S u n d r y A d j u s t m e n t s __________________________________________________
5 1 ,0 5 5
D i v i d e n d N o . 15 o n C a p i t a l S t o c k , P r e f e r r e d , d e c l a r e d
D e c e m b e r 6 1 9 0 5 ___________________________________________________
2 ,8 5 4 ,3 4 5
D i v i d e n d N o . 16 o n C a p i t a l S t o c k , P r e f e r r e d , d e c l a r e d
J u n e 6 1 9 0 6 ___________________________________________________________
2 ,8 5 4 ,3 4 5
D iv id e n d N o . 10 o n C a p it a l S t o c k , C o m m o n , d e c la r e d
O c t o b e r 4 1 9 0 5 ______________________________________________________
2 ,0 3 9 ,1 1 0
D i v i d e n d N o . 11 o n C a p i t a l S t o c k , C o m m o n , d e c l a r e d
A p r i l 4 1 9 0 6 ___________________________________________________________
2 ,0 3 9 ,1 1 0
A p p r o p r i a t i o n f o r F u e l R e s e r v e F u n d __________________________
2 1 8 ,9 8 4
I m p r o v e m e n t s w r i t t e n o f f ___________________________________________
4 ,5 0 0 ,0 0 0
B a l a n c e , b e i n g S u r p l u s f o r 12 m o n t h s e n d i n g J u n e 3 0 1 9 0 6 ,
c a r r i e d t o P r o f i t a n d L o s s A c c o u n t ___________ _______________ _
3 ,2 2 7 ,3 1 4
22
94
$ 7 8 ,0 4 4 ,3 4 7 25
B a l a n c e — N e t I n c o m e f r o m O p e r a t i o n ___________________________ , $ 2 7 , 2 0 2 , 2 5 9 I I
6 7 6 .1 2 6 9 9
I n t e r e s t a n d D i s c o u n t ________________________________________________
I n c o m e f r o m I n v e s t m e n t s ___________________________________________ ;
6 7 0 . 2 7 4 81
50
13
00
00
00
00
77
00
35
S 2 8 , 5 4 8 , 6 6 0 91
Dr.
C r.
P R O F IT
AND
LOSS
D iv id e n d N o . 14 o n C a p ita l S t o c k , P r e fe r r e d , d e c la r e d
J u n e 7 1 9 0 5 ___ _______________________________________________________
E x p e n s e s in c o n n e c t i o n w i t h is s u e o f C o n v e r t i b l e B o n d s . _
B a l a n c e c a r r i e d d o w n _________________________________________________
ACCOUNT
$ 2 8 , 5 4 8 , 6 6 0 91
TO
JU N E
30
Cr.
1906.
B a l a n c e b r o u g h t f o r w a r d f r o m J u n e 3 0 1 9 0 5 ___________________
$ 2 , 8 5 4 , 3 4 5 0 0 | N e t I n c o m e f o r 12 m o n t h s e n d i n g J u n e 3 0 1 9 0 6 ______________
1 2 6 ,9 7 8 34
1 9 ,9 8 5 ,4 8 2 99
$ 2 2 ,9 6 6 , 8 0 6 3 3
$ 1 9 ,7 3 9 ,4 9 1 98
3 ,2 2 7 ,3 1 4 35
$ 2 2 ,9 6 6 ,8 0 6 33
B a la n c e (S u r p lu s )
c a r r ie d
to
G e n e r a l B a la n c e S h e e t
$ 1 9 ,9 8 5 ,4 8 2 99
X o t e .— H e r e t o f o r e d i v i d e n d s w e r e c h a r g e d t o p r o f i t a n d l o s s in t h e y e a r in w h i c h t h e y w e r e p a i d .
I t h a v in g b e e n d e c id e d t o c h a r g e d iv id e n d s
i n t h e in c o m e a c c o u n t fo r th e y e a r w h e n d e c la r e d , th e d iv id e n d s fo r o n e y e a r w e r e c h a r g e d t o in c o m e , w h ile t h e d iv id e n d o n th e p r e fe r r e d s t o c k
d e c l a r e d in J u n e o f t h e p r e v i o u s f i s c a l y e a r b u t p a y a b l e in A u g u s t o f t h e f is c a l e m b r a c e d in t h e s e a c c o u n t s w a s c h a r g e d t o p r o f i t a n d l o s s
GENERAL BALANCE SHEET— EXHIBIT A.
R A IL R O A D S ,
F R A N C H IS E S
AND
OTH ER
PRO PERTY.
A m o u n t J u n e 3 0 1 9 0 5 . a s p u b l i s h e d in A n n u a l R e p o r t _____$ 4 4 8 , 6 3 2 , 5 3 0 0 6
E x p e n d itu r e s fo r C o n s t r u c tio n a n d
E q u ip m e n t d u r in g
F is c a l Y e a r e n d i n g J u n e 3 0 1 9 0 5 ______ ___________ ____________
4 ,4 8 3 ,8 7 9 26
T r a n s f e r r e d f r o m E x h i b i t C .:
A r l z . < c U t a h R y . ( n o w W e s t e r n A r i z o n a R y . ) $ 1 4 3 , 8 0 4 67
5
C a n e B e l t R R ________________________________________ 8 5 0 ,0 0 0 0 0
E l P a s o U n i o n P a s s e n g e r D e p o t _________________
4 .8 0 0 00
9 9 8 ,6 0 4 67
A d d it io n a l E x p e n d it u r e s d u r in g th e F is c a l Y e a r
e n d in g J u n e 30 1 9 0 6 :
C a n e B e l t R R .............. ......................................... .. ............. $ 5 5 ,0 8 1 89
E a s t e r n O k l a h o m a R y ..................................................... 2 4 5 ,2 0 2 5 8
F o r t W o r t h U n i o n P a s s e n g e r S t a t i o n _________
128 73
G u l f B e a u m o n t & G r e a t N o r t h e r n R y ________
6 ,4 5 2 81
G u l f B e a u m o n t & K a n s a s C i t y R y ____________
7 5 .7 6 1 2 0
O a k d a l e W e s t e r n R y _______________________________
8 ,1 1 4 8 0
O a k l a n d & E a s t S i d e R R ................. ............. .............
2 3 , 7 2 4 74
S a n t a F e P a c i f i c R R _______________________________
1 ,1 0 0 0 0
S o u th e r n C a lifo r n ia R y . C o . P r e fe r r e d S t o c k .
7 5 .2 6 1 0 0
U n io n P a s s e n g e r D e p o t C o . o f G a l v e s t o n .. .
3 0 .8 5 1 9 5
W e s t e r n A r i z o n a R y ____________________ __________
1 4 ,6 6 5 8 6
GENERAL BALANCE SHEET— EXHIBIT B.
E X P E N D IT U R E S F O R C O N S T R U C T IO N A N D E Q U IP M E N T D U R IN G
F IS C A L Y E A R .
I m p r o v e m e n t s _________________________________________ $ 7 , 4 0 7 , 6 3 3 9 7
C o n s t r u c t i o n ( E x t e n s i o n ) _________________________
2 4 .2 7 0 03
E q u i p m e n t _____________
8 ,9 9 4 ,4 7 8 26
--------------------------- $ 1 6 , 4 2 6 , 3 8 2 2 6
D e d u c t io n .
I m p r o v e m e n t s c h a r g e d t o I n c o m e ..................................... ................... ...
4 , 5 0 0 , 0 0 0 00
$ 1 1 ,9 2 6 , 3 8 2 2 6
GENERAL BALANCE SHEET—EXHIBIT C.
5 3 6 ,3 4 5 5 6
$ 4 5 4 ,6 5 1 ,3 5 9 55
Deductions—
L a n d S a l e s d u r i n g F i s c a l Y e a r . .................................... $ 3 6 6 ,7 6 0 0 0
S a n F r a n c i s c o T e r m i n a l P r o p e r t y ......... ......................
5 ,8 0 5 0 0
S u n d r y A d j u s t m e n t s .................... .. ......................................
2 4 ,4 3 8 4 7
3 9 7 ,0 0 3 47
$ 4 5 4 ,2 5 4 ,3 5 6 08
IN V ESTM E N TS— N E W ACQUISITIONS .
Amount June 30 1905, as published in Annual Report____ 1 .$16,587,282 63
Additional Expenditures during the Fiscal Year
ending June 30 1906:
Arizona & California R y ............... ...................... $526,853 72
Barnwell < Searchlight R y ....... ..........................
fc
19,097 97
Denver Enid <e Gulf R R ______ _____________ 2,005.828 93
f
Eastern Ry. of New Mexico ________________ 3,769,214 26
Fort Bragg <e Southeastern R R ______________ 343,085 60
f
Fresno County R y ....... ........................ ..................
76.666 92
Grand Canyon R y . .................................... ...........
4,030 00
Jasper <c Eastern R y_________________________ 409,208 13
3
Pecos & Northern Texas R y . ________________
90.940 32
Phoenix <c Eastern R R ____________ _______ 165 396 47
5
Santa Fe Land Improvement Co.:
For Capital Stock of the Chanslor-Canfield
Midway Oil Co......... ..................................... 1,310,000 00
For Capital Stock of the Texas Tie & Lum
ber Preserving Co . ....................... . - 197,742 86
For Capital Stk of the Texas & Gulf Ry. Co.l ,000.000 00
Sunset R R .................................................... ..........
5,537 79
------------------ ----- 0,923,602 97
$28,510,885 60
836
THE CHRONICLE.
Brought forward________________________ _______________ ___ $26,510,885 60
Deductions—
Transferred to Exhibit A .:
Arizona<ScUtah R y .(n ow Western A r lz .R y .)-- $143,804 67
Cane Belt R R _______________________________ 850,000 00
El Paso Union Passenger D ep ot_____________
4,800 000
San Francisco & Northwestern R y _ _ ....................
51,943 88
Credits in reduction of book values:
Santa Fe Land Improvem ent Co., Capital Stock
of Petroleum Development Co. (application
from Fuel Reserve F u n d)__________________ 253,521 19
------------------
1,304,069 74
[ VOL. LXXXT1I
GENERAL BALANCE SHEET— EXH IBIT D.
SE CU RITIES IN T R E A S U R Y JUNE 30 1906.
Par
Estimated
The Atchison Topeka & Santa Fe R y. Co.:
Value.
Value.
* General Mortgage 4% B onds_____________ $2,165,536 26 $2,165,536 26
Adjustment Mortgage Bonds. __ _
_
__
382,000 00
362,900 00
Capital Stock, Preferred .
. ________
25,800 00
24,510 00
Com m on___________ . .
44,500 00
31,150 00
California South. R R . Co. Inc. 6% Bond Scrip130 00
130 00
400 00
Chic. Kan. & West. R R . Co. fnc. 6 % Bonds. _
400 00
County Bonds________________________________
l ,000 00
1,000 00
Galveston Co. Sea Wall & Breakw. 4% Bonds.
19,000 00
19.000 00
Kan. City Belt Ry. Co. First Mtge. 6% B onds.
25,000 00
25.000 00
Standard Office Co. Capital S tock ____________
207,400 00
207,400 00
$25,206,815 86
* Includes $536 26 fractions due.
$2,870,766 26 $2,837,026 26
THE ATCHISON TOPEKA & SANTA FE RAILW AY COMPANY— SYSTEM.
Comprising The Atchison Topeka & Santa Fe Railway Company, Rio Grande & El Paso Ptailroad Company, Gulf Colorado
& Santa Fe Railway Company and The Southern Kansas Railway Company of Texas.
G E N E R A L BALAN CE SH E E T JUNE 30 1906.
Balances
June 30 1905.
ASSETS.
\
Railroads, Franchises
and O therProperty,
including
Stocks,
Bonds, e tc., (E x
hibit A ) - _____
$448,632,530 06
Balances
June 30 1906.
Balances
June 30 1905.
Capital Stock:
C o m m o n _____
$102,000,000 00
P r e fe r r e d ____ $131,486,000 00
Less amount
in Special
Trust:
F or acquisi
tion
of
Auxiliary
L in e s ____
10,800,000 00
F orlm p rovements, E x
tensions,
e t c ____
6,486,470 00
$102,000,000 00
$454,254,356 08
Expenditures for Con
struction & E quip
ment during Cur
rent Fiscal Year
(E xhibit B ):
Improvem ents,
less $4,500,000
___ $2,907,633 97
written off.
$4,253,630 14
E x te n s io n s _____
171,814 47
24,270 03
Equipm ent ____ 8,994,478 26
58,434 65
$453,116,409 32
17,286,470 00
11,926,382 26
4,483,879 26
Total __
•
______
114,199,530 00
$466,180,738 34
$148,799,500 00
51.728.000 00
21.203.000 00
Investments, New A c
quisitions
(E xhib
it C )________
16,587,282 63
6,128,000 00
25,206,815 86
1,500,000 00
6,000,000 00
10,10S,250 00
759,550 00
Balance carried
down
____ __ _
$469,703,691 95
Balances
June 30 1906.
LIABILITIES .
246,226,300 00
296/775 80
Funded Debt:
Gen. M. 4 %
$148,799,500 00
B onds. _
Adjustm ent M.
B onds_
51.728.000 00
_
Serial D eben
ture 4 % Bds
19.081.000 00
Eastern Oka.
D iv . 1st M.
4 % B o n d s ..
6,128,000 00
Chic. & St. L.
R y . Co. 1st
M. 6% B ’nds
1,500,000 00
The San Fran.
< San Joaq.
fc
Val. R y . Co.
1st M. 5%
B onds______
6,000,000 00
Convertible 4 %
B onds,
1st
i s s u e ______
32.420.000 00
A m ount paid
up on 2d is
sue o f Con
vertible 4 %
Bonds __ __
9,068,750 00
Miscel. B on d s.
759,550 00
275,484,800 00
Balance carried
down_ _ .
7,277,861 95
$491,684,330 00 $469,703,691 95
$491,684,330 00
Balance from Capital
A ccount _
$7,277,861 95
Balance from Cap
ital Account
Securities on Hand
(E xhibit D ):
Co.'s Securities (es
timated value) __ $2,584,626 26
$2,584,426 26
Other Securities (es
tim ated value) __
362,600 00
252,400 00
$296,775 SO
Rolling S tock R eplacem ’ t Fund
$491,840 84
24,358 04
171,656 40
_
Other Investm ents_
$2,837,026 26
5,394,788 15
5,569,100 63
Material and Supplies
43,889 89'
994,746 47
144,477 65
Tie Renewal Fu d
408,317 53
Bridge Renewal
Fund . _ _
145,898 69
7,368,296 35
Prepaid Insurance
P rem iu m __________
R ail Renewal
F u n d ________
72,800 00
2,947,026 26
3,317,306 84
Fuel R es’ ve Fund
The A tch . Top.
& S .F .R y .C o
$316,663 3S
Cherokee &Pitt
C.&M. C o___
96,007 35
88,855 25
$282,126 96
102,495 40
384,622 36
412,670 73
Guaranty Trust Co. of
New Y ork:
Cash D eposit for
Fuel
Reserve
F u n d _______ . _
412,670 73
Dividends onPre& Com. Stock:
N o. 16 on Pref.
Stock, paya
ble August 1
1906 ______
Unclaimed D iv
idends .
384,622 36
44
41
94
62
Interest on Fund
ed Debt:
A ccrued,
not
d u e ______ _
S3,622,405 00
Coupons
not
436,996 45
presented___
Accounts Receivable:
Traffic Balances___ S I ,199,994 89
Agents & Conduct's
551,827 59
U. S. G overnm ent.
524,159 09
M iscellaneous_____ 3,543,827 78
4,554,654 41
5,819,809 35
4,059,401 45
S2,560,122
2,761,491
898,850
1,567,892
f'v •
$2,854,345 00
17,222 25
2,871,567 25
Accrued
Taxes
not yet due_
_
771,899 51
$1,042,253
350.067
676,979
2,485,353
114.199,530 00
02
11
64
73
A cc’nts P a y ’ble:
Pay R olls _
Audit. T ou ch ’s
Traffic B al’ ces
Miscellaneous _
850,084 34
S3,596,015 00
307,443 47
3,903,458 4 ?
$2,662,823 21
3,286,228 05
1,171,852-87
2,178,931 73
9,299,835 SO
7,788,356 50
50,000 00
9,580,084 35
$33,702,595 06
Cash on Hand and in
Bank __ _ _____
Prior Accounts in
L iquidation.
50,000 00
17,321,750 08
19,739,491 98
Profit and Loss:
S u rp lu s _ __ _
_
19,985,482 99
$39,215,147 80
S33.702.595 06
S39.215.147 80
We have examined the books and accounts of The Atchison Topeka & Santa Fe Railway and System lines and certify that the above Balance Sheet and relative
Income and Profit and Loss Accounts are properly drawm up therefrom, and show the correct income of the Company’s system for the year and the true financial condition
at the close of the year. We have been provided with satisfactory certificates from the Trustees as to the securities pledged under the different mortgages, and we have
also verified the cash items.
NEW YORK, September 5 1906.
PRICE, WATERHOUSE & CO., Auditors
837
FHE CHRONICLE.
O c t . t> 1906.]
3T Commercial J'imcs*
;hc
COTTON.
Friday Night, October 5. 1906.
TH E MOVEMENT OF TH E CROP as indicated by our
C O M M E R C IA L E P IT O M E .
telegrams from the South to-night is given below. For
Friday Night, October 5, 1906.
the week ending this evening the total receipts have reached
Trade continues in excellent condition, prices are very 312,437 bales, against 275,149 bales last weekand 186,845
generally sustained and the outlook is regarded as satisfac bales the previous week, making the total receipts since
tory. There is little speculation in products aside from that the 1st of September 1906 987,013 bales, against 1,268,549
in cotton, which has been active. Speculation in real estate bales for the same period of_ 1905, showing a decrease
appears to have been somewhat overdone. Cotton has suf since Sept. 1 1906 of 281,536 bales.
fered from rains and hurricanes.
Sat.
M on.
Tues.
Wed.
G alv eston ______
Port Arthur . _
Corpus Christ l.&c
New Orleans
Mobile _ _______
Pensacola .........
Jacksonville, & c.
Savannah ______
Brunswick______
Charleston.
Georgetown
Wilmington . . _.
Norfolk
N’ port News, &c.
New Y ork ______
B oston_________
Baltimore ______
P h ila d e lp h ia _
_
15,990
21,238
36,029
16,561
17,191
3
9,127
6,718
14,731
2,130
7,061
1 ,226
6,907
807
32
12,187
3,987
716
7,728
17,712
7,836
50
9,432
2,823
744
5,999
2,510
3,930
3,737
836
53
4.493
1 ,957
2,575
2,779
Totals this w eek.
46,315
Recripts at—
Stocks of Merchandise.
Oct. I
1906.
Sept. 1
1906.
Oct. 1
1905.
3,263
5,149
3.978
I.ard ---------------- - ----------- -- . . . . tierces
3.754
7 ,500
C ocoa............... ............. ........ ........ .... ______ bass
16,500
Cotlee. Brazil___________________ _____baas 2,795,973 2.696.823 3,340,019
_____ mats
105.000
Codec. Java.................................
110.000
100.639
361 ,780 332.307
. . . bags 359.786
Coffee, o t h e r _____________ _____
Sugar
__ . ___________ . hogsheads
None
1.500
None
Sugar................. ................................ .bags. &c. 455,864
608.659 1 ,376.296
......... -N o.
7.500
6.000
Hides___ _______ __________
3,800
90,435
87.191
Cotton .......................... .............
. . . .bales
192.420
_
43,925
Rosin ___________________ _______ _ barrels
25,892
24,112
Spirits turpentine. . . . .
1 .752
barrels
644
1 .359
Tar ___________................... ............. . ..b arrels
1,204
1.153
1 ,602
1.856
Saltpetre _______________ . . . ______ bags
3,325
45
Manila hem p...............................
. bales
21.166
25,603
30,000
Sisal h e m p ..
.
2.701
------ . ____
1,515
_ bales
_
1,115
F lo u r .. . _____ .
..barrels and sacks
5S.900
78.600
101.900
2,625
1,323
325
Thurs.
F ri.
23,818 130,827
2,276
8,344
930
---47,016
—
970
7,457
2,490
103
40,023
82
65,184
6,065
7,229
53
27,079
14,796
428
16
368
50
368
50
—
79,013
2,479
52,888
5,083
10,289
2 ,078
1,140
16
—
Total.
—
59,293 312,437
40,777
LARD has been quiet but firm, owing to light offerings
and an advance in the future market at the West; City 8.75c.,
The following shows the week’s total receipts, the total
Western 9 .1 5 @ 9 .2 0 c . Refined lard has been quiet with since Sept. 1 1906, and the stocks to-night, compared w-ith
Continent lower and other grades steady; refined Continent last year:
9.45c., South America 10.25c., Brazil in kegs 11.25c. The
speculation in lard futures at the West has been active at
1906.
1905.
Stock.
a moderate advance in prices, due to a firm market for hogs
Receipts to
Oct. 5.
T his. Since Sep This Since Sep
and buying by packers and commission houses.
week.
1 1906.
week.
1 1905.
1906.
1905.
D A IL Y CLOSING P R IC E S
Sat.
October delivery_______ 8.82 pi
December delivery____
.. .
January delivery_______ 7.85
OF L A R D F U T U R E S A T CHICAGO.
M on.
Tues.
Wed. Thurs.
F ri.
S.S2K
8.87 y. 8.92 Vi 8.92
8.95
7.95
7.97 ti 8.05
8 .0 2 ^
8.05
7.87H
7 .So
7.90
7.92
7.95
PORK on the spot has been quiet at unchanged quota
tions: mess SIS 25@S1S 75. clear $16 50@ $18 50, family
S18 50@ $19. Cut meats have been quiet with narrowchanges in prices; pickled shoulders are quoted at 8 @ 83 4c.,
pickled hams 12c., pickled bellies, 14 @ 1 0 lbs., 10J^@12c.
Beef has been quiet and steady; mess S8@ $8 50, packet S10@
810 50, family S ll 50@ S12, extra India mess $15 50 @ $16.
Tallow has been fairly active and strong with light offerings;
City 53
/§c. Stearines have been quiet and firm; oleo 9 % c .,
lard lOJ^c. Butter has advanced with an active demand;
It estern extras 2 6 @ 2 6 }4 c . Cheese has been firm with a fair
demand: State factor}' 1334c. Eggs have been quiet but
firmer: Western firsts 25@25J^c.
O IL.— Cottonseed has been active and irregular but in
the main firmer; prime summer yellow is quoted at 4034 c,
prime winter yellow 4 0 @ 42c. Linseed has been quiet and
steady; City, raw-, American seed, 38 @ 3 9c .; boiled 39@ 40c.;
Calcutta seed, raw, 68c. Lard has been dull but firm, owing
to the firmness of the raw- material; prime 68@ 70c. Olive
has been quiet and firm; yellow 56 @ 6 0 c ., green 58@ 60c.
Coeoanut has been firmer and in good request, though sales
have been small, owing to the light supplies; Ceylon 834c.,
Cochin 9c. Peanut has been quiet and steady; white 5 5 @
65c. Cod has been quiet and steady; domestic 3 5 @ 3 6 c .,
Newfoundland 38@ 40c.
COFFEE on the spot has been quiet and steady; Rio No.
" , 8iH@8h29-; Santos No. 4, 8% c. West India growths
have been fairly active and firm; fair to good Cucuta 9 @ 9 ^ c .
The market for contracts has ruled quiet with comparatively
narrow changes in prices. Early in the week the market
sagged, owing to long liquidation, large receipts at Rio and
Santos, unfavorable European advices and selling for a de
cline. Of late, however, the market has rallied.
The closing prices were as follows:
O c t o b e r ------------- 6.40c. i
N o v e m b e r -------- 6.45c.
D ecem b er----------6.55c.
January--------------- 6.60c.
February_________ 6.65c. |
June _
6.90c.
M a r c h ___________ 6.70c. i July
6.95c.
A p r i l ____________ 6.75c. August___________ 7.00c.
M a y _______ 6 .8 5 c .! Septem ber__________ - 7.05c.
SU G A R .— Raw has been dull and easier; centrifugal, 96degrees test, 4c.; muscovado, 89-degrees test, 3 7-16c.; mo
lasses, 89-degrees test. 3 3-16c. Refined has been quiet and
easier; granulated 4.60@,4.90c. Teas have been steady w-ith
a good demand. Spices have been quiet and firm.
TOBACCO.— Activity and strength continue to be the
features of the market for domestic leaf. All grades are in
good demand at advancing quotations. The crop has been
gathered and stored in good condition as a result of favorable
weather. The improvement in Cuban affairs has given rise
to hopes that a fair-sized crop of Havana will be grown.
PETROLEUM has been firm wdth a good demand; refined,
barrels, 7.50c.; bulk 4.40c., cases 10c. Naphtha has been
active and firm; 73 to 76 degrees 18c. in 100-gallon drums.
Gasoline has been active and firm; 89 degrees 21c. in 100-gal
lon drums. Spirits of turpentine has advanced to 6834c.
Rosin has been firmer at $4 25 for common to good strained.
COPPER has advanced with active buying; lake 20% (§
2 0 % c ., electrolytic 2034<©20 34c. Lead has been fairly active
and firm at 6c. Spelter has been quiet and steady at 6.20c.
Tin has been in fair demand and stronger on higher London
advices; Straits 4234c. Iron has advanced on active buy
ing; No. 1 Northern §21(5 $22; No. 2 Southern $19 50(2; $21.
Galveston___
130,827
Port A rthur_____
Corpus Christ!,&c
2,279
New O rleans...... 52,888
M o b ile _
_
5,093
Pensacola_______
82
Jacksonville, &c_
Savannah_______
65.184
6,065
Brunswick _____
_
7,229
C harleston_
Georgetown . _
53
W ilmington ____ 27,079
N orfolk_
_
___ 14,796
Newport N ., &c.
428
New Y ork ______
_
Boston _ _
16
Baltimore
_ _
368
50
Philadelphia ____
T o ta l.
312,437
454,493 127,374
461,254
’ 4,037
149,670
24,323
3,149
114
224,746
8,117
28,654
53
54,213
33,285
796
25,920
42,642
198
39
1,032
292
102
294
50
3,271
73,555
44.722
15 ,248
1,424
370,834
17,556
65,921
1
90,036
117,173
791
431
4,803
925
514
I", 016
22,124
14,385
15,248
733
81,240
2,486
12,749
157,349
91 ,177
17,654
160,129
............
93,792
32,583
84,621
3,982
9,427
144,314
7,048
34,981
20,016
14,991
34,843
53,099
87,052
2,049
1,549
5,717
209,118
3,437
3.176
2,824
495,584
779,344
—
987,013 346,561 1,268,459
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons:
r
Receipts at—
1906.
1905.
1904.
1903.
Galveston,&c.
New Orleans .
M o b ile ______
Savannah _
_
Chari eston,&c
W ilm lng’n ,&c
N orfol it
N ’ port N ., &c.
All oth ers___
133,306
52,888
5,093
65,184
7,282
27,079
14,796
428
6,581
128,390
22,124
14,385
81,240
12,749
25,920
42,642
198
18,913
138,450
68,831
12,693
88,291
21,090
26,534
39,739
93
6,000
105,168
51,199
9,544
69,880
14,413
25,375
26,259
143
5,520
92,068
68,925
9,861
55,059
10,205
28,592
19,661
463
11,366
Total this wk_
312,437
346,561
401,721
307,501
296,200
280,901
Since Sept. 1.
987,013 1,268,459
472,412
953,352 1,327,145
868,426
1901.
1902.
92,921
63,493
7,098
60,278
14,376
20,583
12,070
212
9,870
The exports for the week ending this evening reach a
total of 223,142 bales, of which 77,533 weretoGreat Britain,
56,461 to France and 89,148 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1906:
Exports
pom—
Galveston___
Port Arthur .
Corp.Christi,&c
New Orleans..
Mobile_____
Pensacola __
Femandlna ..
Savannah . . .
Brunswick___
Charleston
Wilmington__
Norfolk..........
Newport News
New Y ork.. . .
Boston ____
Baltimore___
Philadelphia
Portland. Me .
•San Francisco.
Seattle __
Tacoma ..........
Portland. Ore
Pembina .
Detroit............
T ota l..........
Total
19 0 5 ____
Week ending Oct. 5
Exported to—
Great
ContiBritain. Fr’nce nenl.
3 1 ,8 9 3 3 4 ,8 7 0
3 ,5 0 0 15,000
6 ,1 4 6
4 1 ,0 5 8 1 0 7 ,8 2 1
1 2 ,383
3 0 ,8 8 3
1 1 9.89 5
17,272
3 ,8 4 7
3 ,0 4 9
2 3 ,7 6 6
5 ,1 2 5
7 .6 1 7
5 .1 2 5
2 1 ,4 6 4
10,344
68
5 ,0 8 4 2 0 ,9 8 4
196
7 040
2 ,0 5 0
3 .3 3 5
------- 1
924
3 0 ,5 6 2
13.251
3 .0 84
1,800
744
1.050
5 0 .6 8 4
1 2 6 .5 6 4
--------17,867
3
2 8 ,8 1 8
1 0 40
30 0
-
2 9 7 .1 4 3
3
0 3 .9 5 7
4
893
3 .8 4 9
6 .1 4 6
5 2 ,8 0 6
........ i
...........
6 0 .5 6 9
5 .1 2 5
........
2 3 ,9 0 0
3 4 ,2 4 4
68
2 ,8 8 0
37 ,746
275
8 ,0 3 3
7 1 .1 8 2
13,520
11.117
1,806
_____
_____
—
Total.
50 0
__
714
1,050
...... | .......
5 1 9 06.
| ContiGreat
Britain. France. nenl.
16 ,580
445
1 0 ,003
From, Sept. 1 1906 to Oct
Exported to—
-------
4 ,8 84
15.455
0 ,8 5 0
1.285
924
Total.
------- 1
........
7 .6 17
5 ,1 2 5
1 9 06.
i
1,420
102
.........| ...........
5 .3 2 8
1.429
102
— ri
77 .533 56.461
8 9 ,1 4 8 2 2 3 ,1 4 2
2 1 5 .9 2 0
7 7 .8 7 7
2 8 6 ,5 4 4
5 8 0.34 1
8 1 .034 2 0 .0 0 5
9 6 ,0 8 7 197,12 6
2 0 9 ,5 0 8
75,393)
3 3 6 .0 5 0
6 8 0 .9 5 7
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
838
THE CHRONICLE
9,000
8,773
1,000 31,000
3,4 61 83,275
3,200 26,000
2 ,000
2,000
250
250
11 ,500 11,500
9,500
14,000
60,177
74 ,074
58,621
7,427
17,404
3,491
77,552
19,313
24,846 21 ,41 1 177,525
20,320 44,402 215,963
25,188 24,898 197,805
318,059
563,381
268,779
5,000
8,846
4 ,000
6,000
6,399
15,000
500
—
5,000
2,000
1,000
7,000
Total 1906. _ 77,596 18,273 35,399
Total 1905... 54,945 25,787 70,509
Total 1904.. 67,916 30,550 49,341
a Estimated; returns not received.
Mon.
Tues.
W ed.
Thurs.
Fri.
Good Ordinary_ _____ .
_
8.90
Low M iddling.. . _
_ .
9.52
Middling .
_
_
9.90
Good Middling_______ . _ 10.34
Middling Fair __________ 10.86
9.25
9.87
10.25
10.69
11.21
9.55
10.17
10.55
10.99
11.51
9.55
10.17
10.55
10.89
11.51
9.65
10.27
10.65
11.09
11.61
10.10
10.72
11.10
11.54
12.06
GULF.
_
. .
Good Ordinary_
Low M idd lin g _
_
_
Middling
...
Good Middling__ __ _
_
Middling F air.,
9.15
9.77
10.15
10.59
11.11
9.50
10.12
10.50
10.94
11.46
9.80
10.42
10.80
11.24
11.76
9.80
10.42
10.80
11.24
11.76
9.90
10.52
10.90
11.34
11.86
10.35
10.97
11.35
11.70
12.31
STAINED.
Low Middling
_ .
Middling
__
Strict Low Mid. Ting-eel__
Good Middling Tinged___
8.40
9.40
9.56
9.90
8.75
9.75
9.91
10.25
9.05
10.05
10.21
10.55
9.05
10.05
10.21
10.55
9.15
10.15
10.31
10.65
9.60
10.60
10.76
11.10
Sat.
T h e q u o ta tio n s fo r m id d lin g u p la n d at N ew Y o r k on
O ct. 5 fo r ea ch o f th e p a st 32 years h a v e been as fo llo w s:
1906_c_ _11.10
1905___ 10.40
1904___ 10.60
1903___ 9.65
1902___ 8.94
1901___ &%
1900____10 %
1899____7 5-16
v.
s
L3 3 I
trus 7 7 3 1
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T h e sp ecu la tio n in c o tt o n fo r fu tu re d e liv e ry has been th e
la rg est fo r a lo n g p e rio d a t ra p id ly rising p rice s. T h is w as
d u e to rep orts o f d a m a g e b y th e re ce n t tro p ica l s to r m , m ore
p a rticu la rly in M ississippi, A la b a m a , L o u isia n a , A rk a n sa s
an d T en n essee, a n d som e o f th e rep orts fr o m th e A tla n tic
S tates h a v e n o t b een fa v o r a b le . T h e w ires w o rk e d p o o r ly
fo r a tim e and u n ce r ta in ty as to w h a t h a d a ctu a lly h a p p e n e d
a d d ed n o t a little to th e uneasiness o f sh o rts, and th ere has
been a v e ry a ctiv e d em a n d to c o v e r c o m m itm e n ts o n b o th
sides o f th e w a te r.
P rices e v e ry w h e re h a v e a d v a n ce d
sh a rp ly , th e rise in N ew Y o r k b e in g , ro u g h ly sp e a k in g , tw o
cen ts a p o u n d w ith in a sh o rt tim e . S p o t m a rk ets h a v e
been v e ry a ctiv e a n d h a v e also risen m a rk e d ly . T h e S o u th
ern offerin gs o f th e a ctu a l c o tt o n a t h o m e and a b ro a d h a v e
been sm a ll, th e s p o t sales a t L iv e r p o o l h a v e in cre a se d , th e
m o v e m e n t o f th e cr o p has been co m p a r a tiv e ly m o d e r a te ,
a n d p ersisten t ru m ors h a v e been in circu la tio n o f seriou s
d a m a g e to th e c r o p . T h is is said to h a v e ta k en th e sh a p e
n o t o n ly o f a co n sid e ra b le loss o f a ctu a l c o t t o n , b u t o f th e
low erin g o f th e gra d e o f still m o re . T h e b u y in g o f fu tu res
has been n o t o n ly to c o v e r sh o rts, b u t also fo r o p e ra to rs w h o
b e lie v e in h igh er p rices. T h e tra d in g has g re a tly in crea sed
n o t o n ly here an d in N ew O rleans b u t also in L iv e r p o o l,
w h ere C on tin en ta l p e o p le are said to h a v e b een large b u y e rs.
T h e tro p ica l storm w h ich o c c u rre d o n th e 2 7 th an d 28 th o f
S ep tem b er d id d a m a g e on th e G u lf C oast an d also e x te n d e d
w ell up th e M ississippi V a lle y . I t has b een d iffic u lt to g et
d efin ite an d relia b le new s in reg a rd to th e d a m a g e .
R u m o rs
o f all sorts, h o w e v e r, h a v e filled th e a ir, an d th ese h a v e
fa n n ed th e flam e o f sp e cu la tio n to so m e th in g lik e its o ld -tim e
p r o p o r tio n s .
Spinners h a v e been b u y in g h e a v ily a n d th e
o u tsid e p u b lic has also re-en tered th e m a rk e t to som e
e x te n t, m ore p a rticu la rly at th e S o u th . T h e sen sa tion a l
w e a th e r new s ca u g h t th e m a rk e t sh ort b o th a t h o m e and
a b ro a d .
T o all a p p e a ra n ce s , at lea st, it h a d b e e n in d e e d
h e a v ily o v e rs o ld , th e v e r y gen eral im p ression h a v in g b e e n
th a t it w as a v e r y la rg e c r o p . A n d th ere are n o t w a n tin g
th ose w h o ad h ere to th is o p in io n d esp ite th e fu ro re in th e
m a rk e t.
B u t bu ll sp e cu la tio n has u n d o u b te d ly b een th e
m o s t p o p u la r.
T o -d a y th ere w as a n oth er sharp a d v a n c e ,
o w in g to h e a v y rains in T e x a s and th e M ississippi V a lle y
an d k illin g fro s t as far so u th as N eb ra sk a , w h ic h , it was
fe a r e d , m ig h t e x te n d in to th e c o tt o n b e lt. A to r n a d o w as
a ls o re p o rte d a t N ew O rleans. F ro st w as p re d icte d fo r
O k la h om a and In d ia n T e r r ito r y . T h e L iv e r p o o l m a rk et
w a s u n e x p e c te d ly stro n g and a flo o d o f b u y in g ord ers cam e
fr o m all qu a rters. T h e co m p a r a tiv e ly sm all e stim a ted
re ce ip ts fo r H o u s to n an d N ew O rleans to -m o r r o w also h ad
so m e effe ct.
N ew O rleans an d th e S ou th gen era lly b o u g h t
h e a v ily .
S p o t in terests h a v e b een b u y in g o f la te . T h e
O c t o b e r o p tio n has been esp e cia lly firm , o w in g to an im
p ression th a t th e s to c k here is n o w c o n tro lle d b y L iv e r p o o l
in terests and m a y b e s h ip p e d . T h e stren g th o f O cto b e r and
N o v e m b e r in L iv e r p o o l has also a ttr a c te d a g o o d deal o f
a tte n tio n .
P rices are la rg e ly in flu en ced b y th e w ea th er
rep orts fro m d a y to d a y an d also b y th e fo r e ig n a d v ice s.
T o -d a y th e w ea th er in th e A tla n tic se ctio n w as m u ch b e tte r
b u t elsew here th e co n d itio n s w ere re g a rd ed as th rea ten in g .
S p o t c o tt o n has a d v a n c e d 95 p o in ts , m id d lin g u p la n d s
closin g a t 1 1 .1 0 c. T h e b u sin e ss-h a s b e e n sm all.
UPLANDS.
—
c
Range
C lo s in g
New Orleans.a 10,000
G alveston__
55,796
Savannah
3,800
Charleston _. .
Mobile ..
..
Norfolk ___
New York. _ .
3.000
Other p o r ts ...
5,000
Total.
Leaving
stock.
June—
Oct. 5 at—
l x x x iii.
FUTURES.— High, low and closing prices at New York:
On Shipboard, Not Cleared for—
Great
Ger
Other Coast
Britain. France. many. Foreign wise.
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T H E V I S I B 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 cable and te le g ra p h , is as fo llo w s .
F o re ig n s to ck s , as
w ell as th e a flo a t, are this w e e k ’s re tu rn s, and co n s e q u e n tly
all foreig n figures are b r o u g h t d o w n to T h u rsd a y e v e n in g .
B u t to m ak e th e to ta l th e c o m p le te figures fo r to -n ig h t
(F r id a y ), w e ad d th e ite m o f e x p o r ts fr o m th e U n ite d S ta te s,
in clu d in g in it th e e x p o r ts o f F r id a y o n ly .
October 5—
Stock at Liverpool _
_ halesStock at London _ _ _ _
Stock at Manchester
_. _
1906.
234,000
14,000
25,000
1905.
660,000
28,000
40,000
1904.
139,000
17,000
9,000
1903.
127,000
22,000
12,784
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen .
__
.
Stock at Antwerp —
Stock at Havre.
_
___
Stock at Marseilles
_
_
Stock at Barcelona
Stock at Genoa .
Stock at Trieste _ _
.. _
273,000
22,000
45,000
72S.OOO
17.000
140,000
38,000
4,000
4,000
16.000
6,000
62,000
3,000
9,000
14,000
3,000
165,000
33,000
71,000
4,000
30,000
3,000
8,000
12,000
9,000
161,784
33,000
55,000
4.000
24,000
3.000
9,000
6,000
9,000
Total Continental stocks______
135,000
248,000
170,000
143,000
Total European stocks.
India cotton afloat for Europe —
Amer. cotton afloat for Europe. _
Egypt, Brazil, &c., allt, for Europe
Stock in Alexandria, Egypt
Stock in Bombay, India
Stock in U. S. ports. .
__
Stock in U. S. interior towns___
U. S. exports to-d a y ..
408,000
56.000
422,458
27.000
47,000
473,000
495 ,584
196.718
14,620
976,000
76,000
416,000
30 ,000
44,000
454,000
779,344
300.261
13,049
335,000
S ,000
694.000
47,000
61.000
240,000
466,584
265,160
46,722
304,7S4
36,000
382.000
24.000
36,000
242.000
447,902
135.891
24.725
Total visible supply.
.. ..2 ,140.380 3,088,654 2,163,466 1.633,302
Of the above, totals of American and other descriptions are as follows;
American—
53.000
90.000
595 ,000
Liverpool stock__________ bales_ 160,000
11.784
5,000
22,000
-37,000
Manehester stock----------------------70.000
83.000
210,000
76,000
Continental stocks---------------------382.000
694.000
416,000
American afloat for Europe--------- 422,458
447 .902
466,584
779.344
U. S. port stocks------------------------ 495,584
135,891
265,160
300,261
196,718
U. S. interior stocks
24.725
46.722
13,049
O S. exports to -d a y ___________
’.
14,620
Total American----------------------- 1,387,380 2,350,654 1,650.466 1,125,302
East Indian. Brazil, &c.—
74.000
49.000
Liverpool stock_________________
74,000
65.000
22.000
17.000
28.000
London s to ck ---------------------------14,000
1,000
4.000
3,000
Manchester stock----------------------3,000
73.000
87.000
38.000
Continental stocks---------------------59,000
36.000
8.000
76.000
India afloat for Europe-------------56.000
24.000
47.000
30.000
Egypt. Brazil. & c., afloat_______
27,000
36.000
61.000
44.000
Stock in Alexandria, E g y p t---------------------- 47,000
242,000
240.000
454,000
Stock in Bombay, In d ia ------------- 473,000
Total East India, &c_________ 753,000
738,000
513,000
50S.000
Total A m erican_____________ 1.387.380 2,350,654 1,650.466 1.125,302
Total visible supply___________2,140,380 3,088.654 2,163,466
5.62d.
Middling Upland, Liverpool------6.14d.
5.41d.
10.45c.
Middling Upland. New York------ 11.10c.
10.20c.
Egypt, Good Brown, Liverpool-lOJ^d.
85^d. S l-16d.
lid .
Peruvian, Rough Good, Liverpool
S.40J.
9.15d.
5 13-16d.
5%d.
Broach, Fine, Liverpool------------ 5 7-16d.
5 5-16d.
Tinnevelly, Good, Liverpool------5%d.
5R d.
1.633,302
5.80d.
9.60c.
8 9-16d.
9d
5 7-16d.
5 l-16d.
C on tin en ta l im p o rts past w eek h a v e b een 36,0 0 0 b a les.
18 9 0 .C . _ 10
1898.c_ _ 5 7-16
1 8 8 2 _ c_ .llM
18 89_____10 %
1897___ Q
Vs
1881__________ 1113-16 T h e a b o v e figures fo r 1906 sh o w an in crea se o v e r last w eek
1896_____ 8 3-16
1888 ____ 10 5-16
1880____ 11 V
s
1895_____ 9 Y
18 87___________ 97-16
%
o f 169,634 b a le s, a loss o f 948,274 bales fr o m 1905, a d e
11879___ 1034
1894_____ 6 5-16
18 86___________ 97-16
1878____ 10 J4
crease o f 2 3 ,0 8 6 b a les fr o m 1904 an d a gain o f 507,078
18 85__________ 101-16
11893_____ 8 3-16
11877____ 11 H
11892_____ 7 V
! 1 8 8 4 _____10 M
%
I1876___ 1034
o v e r 1903.
11891_____ 8 11-16 118 83____ 10
11875___ 1334
O ct . I) 1006. i
839
T H E CH RONICLE
QUOTATIONS FOR MIDDLING COTTON AT OTHER
AT THE INTERIOR TOWNS the movement— that is,
the receipts for the week and since Sept. 1, the shipments MARKETS.— Below are the closing quotations of middling
for the week and the stocks to-night, and the same items for cotton at Southern and other principal cotton markets for
each day of the week:
the corresponding period for the previous year— is set out
Closing Quotations for Middling Cotton on—
in detail below.
Oct. 5.
o rro —
. B <■o e ^
* +
c
» O' on
2 f8 1
3
o •
>
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C .F
. ~ .3j
t *
.7^ p
P £
mp3
21P o
* 3K
3 *
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3
s
p.
»
Monday. Tuesday. Wed'day. Thursd'y. Friday.
10 H
OH
9 11-10 10 A
10 %
10 x
10
OH
10 3-16
OH
10
on
OH
0H
10
0H
9 15-16 10 H
10 7-16
10.25
9.90
10.55
10 H
10 H
OH
10.80
10.50
10.80
9 15-16 9 15-16 10 H
10 %
10 1-16
10 H
on
io n
10 H
OH
10 H
10%
9%
9H
0H
10 H
10 H
10
10
10
10
10%
10.55
10%
10.90
10 K
10%
io h
10 5-16
9H
'
»1
i
•
Sat'day.
9 9-16
Galveston_ . .
_
New Orleans_
_ 9%
Mobile
_ 9 'i
Savannah . _
Charleston......... 9 %
Wilmington____ 9 3-16
Norfolk______
9%
Boston . _____ 9.70
Baltimore_____ 9%
Philadelphia . . 10.15
9 9-16
Augusta
9 9-16
Memphis____
St. Louis . . . . 0%
_ 9 7-16
Houston. . _
Little Rock___
11
10 %
10
10%
10%
10%
10%
10.05
10%
11.35
10%
11 %
10%
10 15-16
9%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta . ............9 M
Columbus, G a .. 9 %
Columbus, M is s .___
A
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ILouisville______10 H
|Montgomery_10 H
INashville_______10
INatchez.........................
IRaleigh_______ 9%
(Shreveport____ 10 3-16
NEW ORLEANS OPTION M ARKET.— The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
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The above totals show that the interior stocks have in ~
during the week 22,857 bales, and are to-night’
103,543 bales less than at the same period last year. The
receipts at all the towns have been 34,433 bales less than
the same week last year.
c r e a se d
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 Friday night. The
results for the week and since Sept. 1 in the last two years
are as follows:
--------- 1906---------Ocf. 5—
Since
Shipped—
Sept. 1.
Week.
\ !a St. Louis________________
14,583
Via C a iro____
_______ ______
718
1 ,641
Via R ock Island ________ _
49
496
\ la L ou isv ille________________ . . 1,042
3,960
Via Cincinnati . - _____
229
1,015
\ la other routes. &c____________ . 2,973
8,463
Total gross o v e r la n d ____
_ 9,556
Deduct shipments—
Overland to X . Y ., Boston, &c_ _
434
Between Interior tow ns_________ 2,002
Inland, A c., from South____ . _
972
--------- 1905--------Since
TFeefc.
Sept. 1.
16,277
2,511
2,425
4,359
134
4,414
1.162
580
2,516
7,855
2,183
30,158
8,861
35,555
1,363
2,188
3,915
446
2,591
6,673
241
4,179
. 3,408
7,406
3,127
11,093
Leaving total net ov erla n d .a_____ . 6,148
22,692
5,734
24,462
Total to be deducted_____
90
■ Including movement by rail to Canada.
i
The foregoing shows the week’s net overland m ovem ent
has been 6,148 bales, against 5,734 bales for the week last
year, and that for the season to date the aggregate net ov er
land exhibits a decrease from a year ago of 1,770 bales.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to Oct. 5 _______ 312,437
Net overland to Oct. 5 .................... 6.148
Southern consumption to Oct. 5 . . 47,000
-1906-
-1905---------Since
Since
Sept. 1 .
Week.
Sept. 1.
987,013 345,561 1,268,459
5,734
24 ,462
22,692
237.000
235,000
46,000
Total marketed________ _____ .365,585
Interior stocks In excess.
......... 22,857
1,244,705
100,442
_
Came into sight during week_ 388,442
Total In sight Oct. 5 ______
1 .3 15,147
North, spinners’ takings to Oct. 5 . 38,945
120,902
398,295
49,800
448,095
39,457
1,529,921
165,084
1,695,005
157,138
Movement into sight in previous years:
Week.
Bales.
Since Sept. 1—
1903— Oct. 9 ........................ .383.868 1903— Oct. 9
1902— Oct. 10..............
404.733 1902— Oct. 10
1901 — Oct. 1 1 . ...........
. .399,201 1901 — Oct. 11.
Bales.
.1.893.167
. 1 .280,770
. 1,863,173
Sat'day. Monday, Tuesday, Wed’day. Thursd'y, Friday,
Oct. 3.
Oct. 5.
Sept. 29. Oct. 1.
Oct. 2.
Oct. 4.
October—
R a n g e _ ___
_
Closing______
December—
R a n g e ______
Closing______
January—
R a n g e . ___
Closing: _
March—_
R a n g e _ _ __
Closing______
M ay—
R a n g e _ __
_
Closing______
Tone—
S p o t ________
O p tio n s_____
9.29-.50
9.47-.48
9.71-.00 10.06-.52 10.06-.30 10.00-.45 10.83-.05
9.99-.00 10.40-.41 10.05-.06 10.43-.45 10.89-.90
9.33-.59 9.77-.07 9 .9 0 .6 5 10.08-.40 10.05- .57 10.82-.25
9 .5 2 .5 3 10.07-.08 10.50-.51 10.11-.12 10.48-.49 10.92-.93
9.44-.69 9.87-. 16 10.08-.75 10.17-.48 10.14-.66 10.93-.16
9 .6 2 .6 3 10.16-.17 10.58-.59 10.20-.21 10.57-.58 11.01-.02
9.58-.81 10.02-.35 10.15-.95 10.34-.69 10.31-.80 11.21-.49
9.76-.77 10.34-.35 10.78-.79 10.38-.39 10.74-.75 11.18-.19
9.87-.94 10.46 — 10.60-.72 10.57-.77 10.39-.92 11.31-.58
9.91-.92 10.50-.51 10.88-.90 10.48-.49 10.85-. 86 11.27-.29
Steady.
Steady.
Firm.
Firm.
Irreg.
Steady.
Ba’ly s’y Steady.
Firm .
Steady.
Firm.
Steady.
W EATHER REPORTS BY TELEGRAPH .—Advices to
us by telegraph from the South this evening are on the whole
of a somewhat unsatisfactory tenor. Rain has fallen in
most localities, and in sections of Alabama, Mississippi,
Arkansas and Tennessee, and at a few points in Texas, the
precipitation has been excessive. As a result of the wet
weather picking has been considerably interfered with and
damage to cotton is claimed in a number of districts. From
Texas there are complaints of scarcity of pickers. Condi
tions have caused interruption to the marketing of the crop.
G a lv e s to n , T e x a s . — Cotton is well opened over the entire
State, but there is a great scarcity of pickers. There has
been rain on one day during the week, the rainfall being
seventy-four hundredths of an inch. The thermometer has
ranged from 64 to 86, averaging 75.
A b i l e n e , T e x a s .— There has been no rain during the week.
Average thermometer 65, highest 86, lowest 44.
B r e n h a m , T e x a s . — We have had no rain the past week.
The thermometer has averaged 73, the highest being 88 and
the lowest 57.
C o r p u s C h r is ti , T e x a s . — There has been heavy rain on two
days of the past week, the rainfall reaching two inches.
The thermometer has averaged 75, ranging from 58 to 92.
C u e r o , T e x a s . — We have had excessive rain on two days of
the past week, the rainfall being two inches and thirty
hundredths. The thermometer has ranged from 57 to 93,
averaging 75.
D a l l a s , T e x a s . — Dry all the week.
Average thermom
eter 75, highest 87 and lowest 52.
F o r t W o r t h , T e x a s . — There has been no rain during the
week. The thermometer has averaged 69, the highest being
86 and the lowest 52.
H e n r i e t t a , T e x a s . — Wc have had dry weather all the week.
The thermometer has averaged 68, ranging from 45 to 90.
H u n t s v i l l e , T e x a s . — We have had rain on one day of the
past week, to the extent of one inch and five hundredths.
The thermometer has ranged from 51 to 85, averaging 6S.
K e r r v i l l e , T e x a s . — It has been dry all the week.
Average
thermometer 64, highest 88, lowest 39.
L a m p a s a s , T e x a s . —W e have had no rain the past week.
The thermometer has averaged 69, the highest being 90 and
the lowest 48.
L o n g v i e w , T e x a s .— Rain has fallen on one day during the
week to the extent of sixty-four hundredths of an inch. The
thermometer has averaged 72, ranging from 59 to SI.
L u l i n g , T e x a s .— Th< r ; has been rain on one day during
the week, the rainfall being forty hundredths of an jnch.
The thermometer has ranged from 55 to 90, averaging 73.
X a c o g d o c h e s , T e x a s .— There has been rain on one day
during the week, the rainfall being seventy hundredths of
an inch. Average thermometer 69, highest n4, lowest 53.
P a l e s t i n e , T e x a s .— We have had rain on one day of the
week, the precipitation being fifty hundredths ot an inch.
The thermometer has averaged 71, the highest being 84
and the lowest 58
840
THE CHRONICLE.
P a ris, T exa s.— There has been a trace o f rain on one d a y
o f the past w eek. T he therm om eter has averaged 69,
ranging from 54 to 83.
San A n ton io, T ex a s.— W e have had rain on one d ay of
the past w eek, to the exten t o f tw en ty -six hundredths o f an
in ch . T he therm om eter has ranged from 56 to 88, aver
aging 72.
Weatherford., T exa s.— D ry all the w eek. A verage ther
m om eter 68, highest 85 and low est 51.
Shreveport, L ou isia n a .— W e have had rain on tw o days of
the past w eek, the rainfall being tw en ty -on e hundredths of
an in ch . T he therm om eter has ranged from 57 to 85,
averaging 71.
Leland, M ississip p i.— C otton has been dam aged a b ou t
3 0 % b y storm and ro t. There has been rain on five
d ays during th e w eek to the ex ten t o f fou r inches and tw elve
hun dredth s. T he therm om eter has averaged 6 3.7, the high
est bein g 75 and the low est 51.
Vicksburg, M ississip p i.— W e had rain on six d ays during
the w eek, the rainfall being three inches and six ty hun
dredths. T he therm om eter has averaged 68, ranging from
61 to 76.
Little R ock, A rk a n sa s.— P ick in g again interfered w ith and
grade of cotton low ered on a ccou n t o f con in u ous rains of
the past and p reviou s weeks. I t has rained on five days of
th e .w e e k , the rainfall being six ty -eig h t hundredths o f an
in ch .
A verage therm om eter 67, highest 79, low est 55.
H elena, A rka n sa s.— Great dam age has been done b y the
w et w eather. C otton b a d ly stained and seed ruined for
com m ercial purposes. W e have had rain on six days the
past w eek, to the exten t of three inches and th irty-seven
h un d red th s— it has rained on every d a y since the 25th of
S eptem ber, w ith the e x cep tion o f yesterd a y. The ther
m om eter has ranged from 59 to 80, averaging 67.
Nashville, T ennessee.— Crop con d ition s quite u n fa v ora b le.
R ain is still falling. There has been rain during the w eek to
the exten t o f three inches and eigh ty hundredths. The
th erm om eter has averaged 71, ranging from 62 to 81.
M obile, A labam a.— R ep orts from th e in terior in d icate
con siderable dam age to the c o tto n crop b y last w e e k ’s storm .
W e h ave had rain on fou r days o f th e past w eek , to th e
ex ten t o f three inches and six ty -tw o h un dredth s. T he
th erm om eter has ranged from 65 to 84, averagin g 75.
M on tgom ery, A labam a.— The dam age to the co tto n over
th is entire section is appalling. A scarcity o f g o o d seed for
plan tin g n ex t year is feared. There has been rain on five
days during the w eek, the rainfall b ein g three inches and
th irty -on e h undredths. A verage therm om eter 73, highest
82, low est 66.
Selm a, A labam a.— R iv ers and stream s are flood in g lo w
lands. T he storm dam age, it is estim ated, reached 3 0 % .
W e h ave had rain on five days o f the w eek, the rainfall being
on e in ch and tw e n ty hun dredth s. T h e th erm om eter has
averaged 75, th e highest b ein g 87 and the low est 65.
M a d ison , F lorid a .— P rosp ects h ave n o t im p ro v e d . There
has been rain on three days during th e w eek, the rainfall
bein g tw o inches and fifty hun dredth s. T h e th erm om eter has
averaged 74, ranging from 65 to 85.
A ugusta, G eorgia.— T here has been rain on fou r days du r
ing th e w eek, to th e exten t o f sev en ty -fiv e h undredths of
an in ch . T he th erm om eter has ranged fro m 63 to 86,
averagin g 75.
Savannah, G eorgia.— I t has rained on five days o f the w eek,
the rainfall being one in ch and thirteen hun dredth s. A v e r
age th erm om eter 76, highest 85, low est 67.
C harleston, South C arolina.— T here has been rain on six
d ays o f the past w eek , th e p recip ita tion reaching one inch
and n in ety-seven hun dredth s. T he th erm om eter has a v er
aged 77, ranging from 68 to 84.
Greenwood, South C arolina.— W e h ave had rain on fou r
days during the w eek. T h e rainfall reached one in ch and
n in ety-seven h un dredth s. T h erm om eter ranged fro m 64
to 78, averaging 71.
Stateburg, South C arolina.— W eath er con tin u es clo u d y and
dam p b u t unusually m ild . There has been light rain on six
d ays o f th e w eek, th e rainfall b ein g on e in ch . A verage
th erm om eter 73, highest 85, low est 62.
Charlotte, North C arolina.— Sunshine is b a d ly needed.
T here has been rain the past w eek, the rainfall being one
inch and three hun dredth s. T he th erm om eter has averaged
68, the highest bein g 81 and the low est 56.
Ardm ore, Indian T erritory.— C loudy w eather w ith rain
since n oon ; con tin u ed rain will do im m ense dam age to c o t
to n . T he crop is m ov in g slow ly, b ein g fu lly three w eeks late.
fVO L.
LXXXIII.
W O R L D ’ S S U P P L Y A N D T A K IN G S O F C O T T O N .—
T he follow in g brief b u t com p reh en sive statem en t indicates
at a glan ce th e w o rld ’s su p p ly o f c o tto n for th e w eek and
since S ept. 1, fo r th e last tw o seasons, fro m all sources from
w hich statistics are ob ta in a b le; also th e takin gs, or am ou n t
g on e ou t o f sight, for th e like periods:
19 06.
C otton T akings.
W eek and Season.
19 05.
Season .
Week.
Week.
Season.
Visible supply Sept. 28___
1,970,746
2,928,939
1,784,156
Visible supply Sept. 1___
2,545,470
American In sight to Oct. 5____
388",442 1,345,147 448,095 1,695,005
Bombay receipts to Oct. 4. . . .
20,000
4.000
5.000
38.000
Other India ship'ts to Oct. 4___
23.000
3.000
3.000
23.000
23,400
Alexandria receipts to Oct. 3_ .
17,100
38,700
29,800
47.000
12,000
Other supply to Oct. 3_a__ ____
10,000
48.000
Total supply_____________ 2,401,588 3,258,003 5,412,134 4,379,275
Deduct—
Visible supply Oct. 5__________ 2,140,380 2,140,380 3,088,654
3,088,654
Total takings to Oct. 5.
__ .
Of which American___
Of which other
__
___
1,290,621
982,821
307,800
261,208 1,117,623
198,808
855,923
62,400
261,700
323,480
232,380
91,100
a Embraces receipts in Europe from Brazil, Smyrna, West Indies. &c.
C O T T O N C O N S U M P T IO N A N D O V E R L A N D M O V E
M E N T F O R M O N T H O F S E P T E M B E R .— B elow w e p re
sent a synopsis o f th e crop m o v e m e n t for th e m on th o f
Septem ber for three years:
1906.
1905.
1904.
Gross overland for September___ bales_
19,820
23,497
27,711
Net overland for September
15,795
18,769
16,873
987,351 1,070,701
Port receipts In September _.
_
720,891
674,519
Exports In Septem ber__ .. ... . _ .
533,317
424,646
407,552
406,104
668,254
Port stocks on September 30. _
..
124,106
117,035
102,632
Northern spinners’ takings in September.
Southern consumption in September___
151,000
199,000
196.000
Overland to Canada in September (in
4,262
cluded in net overland) .
_____
4,612
2,891
Burnt North and South in September.
Stock at North, interior markets Sept. 30
3,222
9,194
10,200
Came In sight during September________ 1,019,764 1,328,120 1 ,373,847
Came in sight balance season___________
9,991,740 12.182,994
Total crop . ___ . __ . . . . . .
11,319,860 13,556.841
Average cross weight of bales . .
520.32
526.10
514.58
492.10
503.96
Average net weight of bales . _ ___ __
497.82
CEN SU S B U R E A U R E P O R T O N C O T T O N G IN N IN G
T O S E P T . 2 5 .— T he Census B ureau issued on O ct. 2 its re
p o rt on the am ou n t o f co tto n ginned up to S ept. 25 from the
grow th o f 1906 as fo llo w s, com p arison bein g m ade w ith tha
returns for the like p eriod o f the p recedin g years:
----------- 1906-----------
Counting
Round as
State or Territory.
Half Bales.
____2,044,426
U nited States (a)
____ 227,542
A labam a
Arkansas .
____
36,613
____
10,539
Florida . . . .
.
____ 278,566
Georgia. . . . ___ .
9,696
Indian T e r r it o r y _____________
Louisiana
. . . ____
30
____ 130,788
Mississippi .
—
____ 148,534
Missouri .
1,047
North Carolina
. . . . ____
____
45,890
O klahom a .
South Carolina _
____
8.065
____ 130,231
Tennessee. ..
____
7.330
_____
.
T exas
____ 1,009,147
Virginia _
.
----------- 1905---------- -
Counting
Active
Round as
Active
Ginneries. Half Bales. Ginneries.
20,554
21,387
2.358,031
330,308
3.026
2,617
9,352
812
1,346
194
18,864
248
600,212
4.366
3,553
14,695
348
364
44,794
1
1,261
1,551
98,617
2 .304
2,657
245
18
121,243
2.087
30
8,825
220
1,567
329,882
189
2,713
241
2,332
3,255
265
777,446
3.739
293
32
3,871
J A P A N E S E C O T T O N M A N U F A C T U R IN G I N D U S T R Y
IN 1905-06.— In our editorial colu m n s to -d a )r w ill be fou n d
an article under th e a b o v e ca p tion , in w hich recent d ev elop
m ent o f the in du stry o f Japan is in d ica ted .
M A R K E T A N D SALES A T N E W Y O R K .
T he tota l sales o f c o tto n on the sp o t each d a y during the
w eek are in d ica ted in the follow in g statem en t. F or th e
convenience o f the reader w e also add colu m n s w h ich show
at a glance h ow th e m arket fo r sp o t and futures closed on
same days.
Spot Market
Closed.
Futures
Sales of Spot and Contract.
Closed.
Con
ConExport sum'n. tract.
Saturday._ Quiet, 20 pts. adv_. F ir m _______
Monady— Quiet, 35 pts. adv__ A irm _______
Tuesday ._ Quiet, 30 pts. adv. _ Strong ____
Wednesday Quiet and steady__ Steady______
Thursday _ Quiet, 10 pts. adv_. Barely steady
Friday___ Quiet ,45 pts. adv__ Barely steady
Total.
" 105 45",600 45,705
‘ 512
'512
100 8",900 9,000
1.600 1,600
717 56,100 56,817
J U T E B U T T S , B A G G IN G , & c.— T he m arket fo r ju te
baggin g has been w ith ou t feature during the w eek, w ith
prices n om in ally unchanged at 6 % c . for 1 % lb s. and 6y£c.
fo r 2 lbs. standard grades. Jute b u tts dull at 1 3 ^ @ lM c for paper q u ality and 2 @ 2 3 ^ c - fo r b a ggin g q u a lity .
A L E X A N D R I A R E C E IP T S A N D S H IP M E N T S OF
C O T T O N .— T hrou gh arrangem ents m ade w ith Messrs.
Chorem i, B enachi & C o ., o f L iv erp ool and A lexan dria, we
n ow receive a w eek ly cable of the m ovem en ts of co tto n at
A lexan dria, E gjqot. T he follow in g are the receipts and
shipm ents for th e past w eek and fo r the correspon din g w eek
o f the previous tw o years:
J U T E C R O P O F I N D I A .— A d v ice s from C alcutta of
d ate Sept. 20 are to the effect th a t the acreage under ju te
Alexandria, Egypt,
cu ltiv a tion is estim ated at 3,336,400 and the ou ttu rn at
Oct. 3.
8 ,736,220 bales. T hese figures do n o t in clu d e th e K u c h , Receipts (cantars a) —
This week . . .
Behar and Nepaul crop s, w h ich w ill p ro b a b ly exceed those
Since Sept. 1_____
o f last y ear.
1906.
1905.
1904.
175,000
290,199
130,000
222,977
160,000
372,308
THE CHRONICLE.
O ct . G 1906.J
This
Since
week. Sept. 1.
4 750
2.750
4 .000
5,250
1 1 .1 1 0
400
898
Total .................................. 11.900
a A cantor Is 98 lbs.
26.679
To
To
To
To
L iverpool_
_
_____
Manchester .
_
_____
C o n tin e n t_
A m erica....... ................
9,921
4.750
This
Si rice
week. Sept. 1.
i-s
u
This
Since
week. Sept. 1.
Exports (bales) —
3,750
400
3,492
15,908
3.476
2,500
3,500
6,500
800
9,659
6,658
19,949
3,056
9,400
35.322 13,300
39,322
This statement shows that the receipts for the week were
175,000 cantars and the foreign shipments 11,900 bales.
IN D IA COTTON MOVEMENT FROM ALL PORTS.
1905.
1906.
October 4.
Receipts at—
Since
Sept. 1.
Week.
4,000
B om bay______
|
Since
Sept. 1.
Week.
Bombay—
1906____________
1905 ___________
1904____________
Calcutta—
1906____________
1905____________
1904_
_
Madras—
1906____________
1 9 0 5 ...
1904 _.
All others—*
1906____________
1 9 0 5 ...
1904____________
Total.
Great
Britain.
9,000
26.000
9 .000
26.000
Si nee
Sept. 1.
7,000
36,000
Since September 1.
F or the Week.
Great ContiBritain. nent.
W eek.
38,000
5,000
2 0 ,0 0 0
1904.
___
Continent.
Total.
44.000
41,000
— „ —
45,000
48,000
1,0 0 0
1 .0 0 0
7.000
1,0 0 0
1,0 0 0
1 2 ,000
6 ,0 0 0
18,000
2 0 ,0 0 0
2 ,0 0 0
15,000
6 6 .0 0 0
7,000
29.000
64,000
19,000
6 ,0 0 0
—
2 ,0 0 0
1,0 0 0
1 ,0 0 0
15,000
1 2 .000
29,000
2 ,0 0 0
2 ,0 0 0
17,000
1 ,0 0 0
3,000
5,000
3 .000
5,000
3,000
2 0 ,0 0 0
2 ,0 0 0
2 ,0 0 0
Total all—
1906 . . . ______
1905____________
1904____________
___
1.0 0 0
1.0 0 0
—
3,000
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
1,0 0 0
1 ,0 0 0
1 ,0 00
6 8 ,0 0 0
71,000
19,000
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:
The Crop Reporting- Board of the Bureau of Statistics of the Department
of Agriculture finds from the reports of the correspondents and agents of
the Bureau that the average condition of cotton on September 25 was
71.6, as compared with 77.3 on August 25 1906, 71.2 on September 25 1905,
7 5 . 8 on September 25 1904. and a ten-year average of 66.7.
The following table shows the condition of the cotton crop by States
on September 25 of each of the last three years and that on August 25
1906, with the ten-year averages:
Sept. 25 Aug. 25 Sept. 25 Sept. 25 10-Year
1904.
average
1906.
1906.
1905.
States—
77
82
74
_____ 66
71
Virginia _ ..... ......
71
82
71
77
North Carolina
____
66
71
74
70
___ .. 6 6
81
South Carolina_____
70
76
78
72
Georgia_ __
_
.
___
68
76
82
71
____
64
70
Florida _
____
70
76
67
Alabama _ _
_____ 68
76
67
77
_____ 75
82
68
M sisissippl____
78
68
73
76
59
Louisiana
_ - ___ ___
62
69
69
___ _ 74
78
T exas_
_ _
_
66
72
77
84
Arkansas
________ _._____ 76
72
76
79
Tennessee
_
_
__ _____ 75
88
76
82
94
Missouri - ______
_____ 82
81
72
85
88
80
O k la h o m a _
_
_ _ __.
_ 75
71
83
Indian Territory _ _ _____ 74
80
78
66.7
75.8
71.2
77.3
United States
. . ______ 71.6
This report is made in conform ity with the A ct of Congress requiring
condition reports of the cotton crop by this Bureau to be issued on the
same date as the first glnners’ reports b y the Bureau of the Census in
months in which both classes of reports are issued. This report does not
reflect the damage caused since September 25 by the recent storm on the
Gulf Coast.
The October 1st or September 25th averages in earlier
years for all the States were, according to the Agricultural
Department, as follows: 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 years
the acreage and yield, according to our compilations, and the
condition on Oct. 1 (Sept. 25) as reported by the Department.
1906-07
1905—
06
1904-05
1903-04
1902-03
1901-02
1900-01
1899-00
1898-99
1897-98
____
____
..
.
___
Area.
A cres.
_________ 31,557,242
_________________________28.808,415
- ________________ 32,363,690
____ . . ____
_ . _28,995,784
____ .27,300,371
_______ - . ____ - ___ 27.874,105
___ . ____ 26.534,000
24,175,000
25.175.000
Yield.
Bales.
11,319,860
13,556,341
10,123,686
10.758,326
10.701 .453
10.425,141
9,439.559
11,235,383
11,180.960
Condition
Per cent.
71.6
71.2
75.8
65.1
58.3 •
61.4
67.0
62.4
75 4
70.0
84 1
SHIPPING N E W S.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 223,142 bales. The shipments in detail, as made up
from mail and telegraphic^ returns, are as follows:
I U l t/llll'.'l .
(U
N EW Y O R K — T o Liverpool— Oct. 2— Georgia, 8,873.
Oct. 5—
Celtic, 4,090
12,963
To Manchester— Oct. 2— Camoens, 500
. . .
500
To London Sept. 29 Minnetonka. 1. 6 0 0
1,600
T o Glasgow— Sept. 28— Astoria. 392.
___
392
T o Havre— Sept. 28 Bordeaux, 30 foreign
Sept. 2 9 - La
Gascogne. 4 i 5 ................. .............................. .
445
To Antwerp— Sept. 28— Finland, 803
.Sept. 29— St. A n
drew, 209
1,012
T o Genoa— Sept. 28— Koenig Albert, 1 , 2 0 0
Oct. 2— Nord
America, 350.
Oct. 3—-Hamburg, 1,685 ____
_
_
. 3,235
To Naples— Sept. 28— Ivonlg Albert, 400; Sicilian Prince. 100
.O ct. 3— Hamburg, 137____ _ ______ _____ ________ __
837
NEW O R LE A N S— T o Liverpool— Sept. 29— Yucatan, 3,500
3,500
T o Havre— Sept. 29— Klngstonian, 15,000..
__ ___ ____ 15,000
T o Barcelona— Sept. 29— Conde W llfredo, 6,364.
_____
6,364
T o Genoa— Sept. 29— Cltta dl Palermo, 5,819________
_
_
5,819
To Trieste— Oct. 2— Ida, 100________________________________
100
To Colon, Panama— Oct. 2— Kerens, 100___________
______
100
G ALVESTO N — T o Liverpool— Sept. 29— Irak, 22,539 _______
_ 22,539
To Manchester— Sept. 27— Maria de Larrlnaga, 9,354______
9,354
To Havre— Sept. 27— Mineola, 11,231-. .Sept. 28— Anselma
de Larrlnaga. 10,402____Sept. 29— Commodore, 13,237____ 34,870
T o Bremen— Sept. 28— Iowa, 18,496________________ _____ . 18,496
T o Hamburg— Sept. 27— Elswick Lodge, 2,799; Markomannla,
500_. _Sept. 29— A polo, 2,366; Ovid, 2 , 2 3 6 . . . ___ ________
7.901
T o Rotterdam — Sept. 29— Lord Downshlre, 199_
_
E d
T o Antwerp— Sept. 29— Bantu; 1.743; Thursland Castle, 1,209 . 2,952
T o St. Petersburg— Sept. 27— W hite W ings, 1,000____________
1,000
To Genoa— Sept. 29— Mongibello. 10,510..
___________
10,510
SA V A N N A H — T o Liverpool— Sept. 29— Burnholme, 7,457 upland,
160 Sea Island______________________________________________
7,617
T o Havre— Sept. 28— Bukhall, 2,960____Sept. 29 — Berthole y , 2,986___________________________________________________
5,946
To Dunkirk— Sept. 29— Bertholey, 200 _____ ________________
200
T o Hamburg— Sept. 28— Blrkhall, 200____Sept. 29— Bertho
ley, 658_______________
858
T o Rotterdam— Sept. 28— Corby, 250_______ ______________
250
To Reval— Sept. 29— Bertholey. 300_________________ _______
300
T o Norrkoping— Sept. 28— Blrkhall, 100_____________________
100
T o W ar berg— Sept. 29— Bertholey, 500__________ ___________
500
T o Gothenberg— Sept. 29— Bertholey, 150. _____________
_
150
To St. Petersburg— Sept. 29— Bertholey, 66_ _______________
_
66
T o Gefle— Sept. 29— Bertholey, 65 _ _______________________
_
65
To Barcelona— Oct. 3— Auguste, 7,714__ . _____ _______________
7,714
B R U N SW IC K — T o Liverpool— Sept. 29— Hillbrook, 3,625______ 3,625
T o Manchester— Sept. 29— Hillbrook, 1,500 ____________ ___
1,500
W ILM IN GTON — To Liverpool— Oct. 4— Naparinia, 4,884_______
4,884
To Bremen— Oct 3— Anglo Saxon, 16,580_____________
. _ 16,580
BOSTON— T o Liverpool— Sept. 26— Arabic, 930____Oct. 1— Ivernia, 4,034____Oct. 2— Canadian, 1,261____________ . ____ 6,225
To Manchester— Sept. 28— Iberian, 625_______________________
625
To Yarmouth— Sept. 28— Prince George, 196______ ___ _______
196
B A LTIM O R E — To Liverpool— Sept. 28— Templemore, 1,285____ 1,285
T o Bremen— Oct. 4— Neckar, 1,950__________________________
1,950
T o Hamburg— Sept. 27— Bethanie, 100_______________________
100
P H IL A D E L P H IA — T o Liverpool— Sept. 28— W esternland, 924_.
924
SAN FRANCISCO— T o Japan— Sept. 28— China. 744______ - _ ____
744
S E A T T L E — T o Japan— Oct. 2— Kaga Maru, 1,050________________
1,050
T otal_______ ________ __________ _______________ ______ _________ 223,142
T h e p a r tic u la r s o f th e fo r e g o in g s h ip m e n ts fo r th e w e e k ,
a r r a n g e d in o u r u s u a l f o r m , a r e a s f o l l o w s :
Great French
Ger----- Oth.Europe— M e x . ,
Britain, ports, many. North. South. &c. Japan. Total
N ew .Y ork _____ 15,455
445
____
1,012 4,072
___ 20,983
New Orleans.
30,500 15,000
.. _____ 12,283
100
. . . 30,884
Galveston . . . .31,893 34,870 26,397 4,151 10,510
_ _ 107,821
858 1,431
7,714
...
23,766
S a v a n n a h _____ 7,617 6,146
B ru n s w ick ____5,125
____
____
____
____
___
___
5,125
W ilm ington____ 4,884
16,580
_____
____
....
___ 21,464
Boston _______ 6,850
____
____
____
____
196
...
7,046
B a ltim ore _____ 1,285
____ 2,050
____
____
3,335
Philadelphia
924
____
____
____
____
___
___
924
San F ran cisco.- ____
____
____
____
____
___
744
744
Seattle _______
____
____
____
___________ _
. . . 1.050
1,050
T o t a l _______ 77,533 56,461 45,885
6,594 34,579
296 1,794 223,142
The exports to Japan since Sept. 1 have been 6,859 bales
from Pacific port.
LIVERPOOL.— By cable from Liverpool we have the fol
lowing statement of the week's sales, stocks, &c., at that port:
Sept. 14.
Sales of the w e e k ______ bales
47.000
_
Of which exporters to o k _
1,000
Of which speculators took _ 2 , 0 0 0
Sales, American ______
_ 33,000
Actual export.
.....................
F orw ard ed _____
______ . _ 48,000
Total stock— Estim ated........ .327.000
Of which American— Est__ .234,000
Total Import of the w eek. . _ - 17,000
Of which American______ - 15,000
Amount afloat__________
Of which A m erican__ ___
58,000
Sept. 21.
40,000
Sept. 28.
27,000
Oct. 5.
47,000
1 ,0 0 0
1,0 0 0
1,0 0 0
1 ,000
18,000
4 ,000
56,000
257,000
177,000
31,000
28,000
138,000
119,000
36,000
3,000
60,000
234,000
160,000
40,000
34,000
185,000
161,000
29,000
6 ,0 0 0
51,000
285,000
197,000
14,000
8 ,0 0 0
108,000
93,000
____
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
_ 2 5 .0 2 5 Omo
- .
MANCHESTER M ARKET.— Our report received by spot cotton have been as follows:
cable to-night from Manchester states that the market
Friday.
Spot.
Wed* day. Thursday.
Saturday.
Tuesday.
Monday.
is firm for both yarns and shirtings. The demand for both
Fair
home trade and foreign markets is good. We give the Market.
Fair
Moderate buH ln ess
12:15 V
business
Very
Moderate
Quiet.
prices for to-day below and leave those for previous weeks
doing.
demand.
doing.
P. M. J
dull.
demand.
of this and last year for comparison:
____
Mid. Upl'dfl
Aug.
24
31
Sept
7
14
21
28
Oct.
5
d. 8.
8H U 9. Shirt CoVn
>
ings. common M il
Upl's
to f inest.
53
o
*
22s Cop
Twist.
r-
8y* lbs. Shirt
ings. common
to finest.
328 Cop
Twist.
5 ®9
4M@9
d.
0
6
d. d.
5.29 8%
(ft,
5.41 8 13-16®
9H 6
9K 6
9
9
9W
o 1•
® lOKlfl 4 6,9
<
& 10K 6 4 m
® 10H 6 4 ®9
® 10H G 4H ®9
6
6
6
6
5.45 8%
®
5.63 8%
®
5.57 8 7-16 (ft,
a
5.66 8 7-16 Cj
9H
9H
9H
9H
6
6
6
0
9M
®
10 H G 6
8
6.14 8K
9
6 0
d.
9
8 15-166,
10M
6
10M 6
d.
8.
(0,9
®
d. 3.
d.
3
3
8.
0,9
®9
2 @9
1H®0
1
® 0
1 C,9
o
d.
d.
3
3
5.87
5.83
VA
1
5.56
5.57
5.64
5-74
0
0
@ 8 10H
5.41
5.68
5.77
5.93
6.08
5.96
6.14
S ales.......
1905.
O
1906.
3,000
300
7.000
500
10,000
500
12.000
1,000
10,000
500
S.000
500
Spec.&cxp.
Futures.
Steady at
Market
opened
)
j
Market,
4
P. M.
) Steady at
2ft 3 pts.
J advance.
l j)t.
advance.
Firm at
10H@11
pts. adv.
Firm at
23®23H
pts. adv.
Ir- Quiet at
Feverish at Weak
.
15® 17 pts. reg.unch.at 8 A pts.
advance. 3 pts. adv. decline.
Steady at
10® 11 pts.
advance.
Strong at Steady at Steady at Feverish at
23 HU"; 26 1H ®2 pts. 2M ®4 pts. 27H®31
pta. adv.
decline.
decline.
pts. adv.
The prices of futures at Liverpool for each day an given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
THE CHRONICLE.
842
The prices are (liven in pence and 100ths.
and 00 means 5 O rf.
O
Sat.
Sept. 29.
12 %
p.m.
Sept
Sept.-Oct.
O ct.-N ov _
N ov.-D ec.
Dec.-Jan
Jan .-Feb
Feb.-Mch.
M ch.-Apr.
Apr.-M ay.
May-June
June-July
July-Aug.
d.
—
12 %
p.m.
d.
5 33
5
5
5
5
5
5
5
5
5
5
5
16%
10
07
08
99%
11%
13 %
15
16 %
18
19%
Mon.
Oct. 1.
T ues.
Oct. 2.
Thus: 4 07 means 4 07-100d.,
Thurs.
Oct. 4.
W ed.
Oct. 3.
Fri.
Oct. 5.
4
4
12%
12%
4
4 12%
4
\2%
12%
p. m . p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
a.
d.
31
39%
2434 33
22 3 9 %
23
31%
24
32 34
26
34%
28
36%
2 9 % 38
40
31
32% 41%
■
3 3 % 42 %
d.
d.
d.
d.
a.
d.
a.
48
42H
41
42
43 %
43%
48
50
51 34
92%
93%
63
58
56
57
58
60
62%
64
66
61
98%
79%
61
63
65
67
68 34
69 %
70%
61
56 34
94%
99%
96%
58 34
61
62 34
64
65 34
66 34
54
50
48
49 34
51
53
55 34
57
59
60
61
58
53
5134
52 34
53 34
55 34
58
59 34
6134
6234
6334
73
66%
64 34
65 34
66 34
68 34
70 34
72
73 34
75
76
66
67
68
a.
89
82
80
81
82
84
86
87 34
89
90
91
BREADSTUFFS.
F riday, Oct. 5 1906.
Prices for .wheat flour have ruled firm in the main, with
the trading, however, still of very restricted proportions.
Occasionally small advances have been reported, but they
have been to a large extent nominal. Millers remain firm
in their views, encouraged by the firmness of the wheat
market and the small receipts of spring wheat. Buyers
continue to take only enough flour to satisfy immediate
wants. The export trade continues stagnant, though the
shipments from the seaboard of late have been rather liberal.
R ye flour has been firmer with supplies light and some in
crease in the demand reported. Corn meal has been quiet
and steady.
Wheat has shown no striking changes, the fluctuations
in fact being within quite narrow limits, the generality of
operators being more disposed to await events than to take
the aggressive. Certain interests supposed to be Wall
Street people are understood to be heavily long at Chicago.
The receipts have been moderate, the weather at the North
west has not been altogether favorable, stocks there have
decreased somewhat, and it.is said that Northwestern millers
find it difficult to secure supplies, owing partly to congestion
of traffic on Northwestern railroads. Of late some damage
has been reported b y locusts in Argentina, and a strike of
stevedores is in progress there. A very fair demand for
export has prevailed, and at times it seems that considerable
business has been done, although particulars have been sup
pressed. The truth seems to be that exporters are ready
to bu y at every good opportunity, but the offerings of wheat
are anything but liberal. To-day prices were irregular,
alternately advancing slightly, then receding a trifle. The
foreign markets were firm, so far as Liverpool was concerned,
but lower on the Continent. The view of some is that there
• too much soft wheat on the market to admit of any* ma
is
terial rise at the present time. Final prices were lower on
long liquidation.
D A IL Y CLOSING PRICES OF W H E A T F U T U R E S IN NEW YORK
Sat. M on. Tues. Wed. Thurs.
Fri.
No. 2 red winter_ _
___________8034
80 34 79 34
8134
80 34 89%
--------82%
December delivery in elevator _
82
83 34 83
83 34 82 %
--------85 %
May delivery in elevator.
86 34 85 % 85 34 85 34 84%
D A IL Y CLOSING PRICES OF W H E A T F U T U R E S IN CHICAGO.
Sat. M on. Tues. Wed. Thurs.
Fri.
72%
October delivery in elevator. .
73%
73
72%
71%
76%
79%
December delivery in elevator _
73%
75
74%
_____7534
89%
May delivery in elevator
--------79 34
79 M 7934 79 34 78%
Indian corn futures have fluctuated within a narrow com
pass with the trading quiet. Bulls have been favored at
times b}^ small receipts, unfavorable weather for curing and
m oving the new crop, reports of damage in the Southern
States b y the recent tropical storm and the smallness of
contract stocks at Chicago. On the other hand, the crop
reports have been favorable in the main, a fact which has
acted as a check on buying. Larger receipts are expected in
the near future, too, and the cash demand has been dull.
To-day the market was dull and irregular, with the changes
very slight .
D A IL Y CLOSING PRICES OF NO. 2 M IX E D CORN IN NEW YORK.
Sat. M on. Tues. Wed. Thurs.
Fri.
Cash corn.
55 % 94%
— 56 34 96%
5634 5534
December delivery in elevator. _
52 %
52 %
52 34
52 34
52 34
January delivery in elevator.
— 49 % 49 34 50
50
39%
50 34
May delivery in elevator
---3 9 %
30%
50 34 5034 5034
50 34
D A IL Y CLOSING PRICES OF CORN F U T U R E S IN CHICAGO.
Sat. M on. Tues. Wed. Thurs.
Fri.
December delivery in elevator______ 43
43 K
42 %
43
43
42 %
May delivery in elevator___________ 43%
43 Vs 43%
43 %
43% 43 %
July delivery in elevator_______.
44 % 43%
_____ 44
____
Oats for future delivery in the Western market have been
dull and no im portant changes in prices have occurred, quo
tations advancing or receding within narrow confines in
com pany with other cereals. In the main the tone has been
firm, owing to moderate receipts, a fairly active cash demand
and buying at times b y those who believe in an advance ulti
m ately, owing to the shortage in the crop. To-day the mar
ket was dull and featureless.
D A IL Y CLOSING PRICES OF OATS IN NEW YO R K.
Sat. M on. Tues.
Wed.
Thurs.
Fri.
M ix e d _________ _______ 37 y2 37 %
37%
37
37
37 *
W hite clipped. 36 to 38
l b s __________________ 40-42 40-42 40-42 3 9 ^ -4 1 3 ^ 3 9 K -4 1 K 393^-413^
D A IL Y CLOSING PRICES OF NO. 2 M IX E D
Sat. M on.
December delivery in elevator _ - - - 3 4 %
34 34
May delivery in elevator _ . . ..-3 5 3 4
35 34
34
July delivery in elevator.
____ ---- 33 34
OATS
Tues.
34 34
33%
33 %
IN NEW YO R K.
Fri.
Wed. Thurs.
3434 34 34 34 34
35 % 33%
39%
34
34
33%
[Vo-Lu L X X X m ,
The following are closing quotations:
FLOUR.
Low grades_____ _______ $3 00 @$3 30 Kansas' straights
Second clears__________ 2 55 (< 2 65 Kansas clears____
n
C le a rs__________________ 3 40 (& 3 75! Blended patents.
Straights ______________ 3 65 ^ 3 75 Rye flour________
Patent, spring_________ 3 90 fy 4 25 Buckwheat flour
Patent, winter_________ 3 75 Cj 3 95 Graham flour___
a
Kansas patents________ 3 75 % 3 85 C orn m eal_______
$3
3
4
3
45
10
40
40
2 20
2 90
2 75
G R A IN .
W heat, per bush.—
c.
|Corn, per bush.—
N . Duluth, No. 1_____ f.o .b .86
No. 2 mixed____________
N . Duluth, No. 2 _____ f.o .b .84 3^ i No. 2 y e llo w __________
Red winter, No. 2 ____ Lo.b.79 M ) No. 2 w h ite____________
Hard “
“
____ f.o .b .83 % IRye, per bush.—
Oats— Mixed, bush.—
No. 2 Western__________
No. 2 white____________Nominal.
State and Jersey________
No. 2 m ix e d __________
37
i Barley— W estern ________
No. 2 white clipped___Nominal. |Feeding-------------------------------
65
25
00
10
50
75
85
%%3
< 3
%
@ 5
@ 4
<§ 2
% 3
% 2
.
c.
f.o .b .54 %
f.o.b .57
L o.b.57 %
64 %
Nominal.
Nominal.
42
GOVERNM ENT W E E K L Y W E A T H E R R E P O R T .—
Mr. James Berry, Chief of the Climate and Crop 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 O ct. 1, summarizing them as follows:
During the week ending October 1 1906 the rainfall was very heavy from
the central and East Gulf coasts northward to the upper Mississippi Valley
and upper Lake region, over which reigon the total rainfall accompanying
the tropical storm on the 27th and 28th generally ranged from 2 to more
than 8 Inches, nearly 14 inches having fallen at Pensacola. The central
and East Gulf districts sustained severe losses as a result of high winds and
excessive rains accompanying this storm.
The temperature conditions
were generally favorable, being above the normal over nearly the whole
country. Freezing temperatures occurred, however, in portions of the
Rocky Mountain and upper Lake regions and in Northern New England,
with light to heavy, but generally harmless, frosts in the northern districts
from the Missouri Valley eastward during the latter part of the week.
Excessive cloudiness prevailed in the Ohio and central Mississippi valleys
and In the South Atlantic and central Gulf districts, but the weather was
generally clear in the upper Lake region and in most of the districts west
ward of the Mississippi River.
Note.— This is the last weekly issue of the National Weather
Buletin for the season of 1906. Until the opening of the
next season, the Bulletin will be issued m onthly.
The statements of the m ovem ent of breadstuffs to market as
indicated below arc prepared b y 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—
Chicago___
Milwaukee..
Duluth_ __
_
MinneapolisToledo _ _
Detroit. __
Cleveland_
_
St. Louis_
_
Peoria _
Kansas City.
Tot.wk/06
Same wk. ’05
Same wk. ’04
Flour.
Wheat.
Corn.
Barley.
Oats.
Rye.
bbls.l96lbs. bush. 60 lbs. bush. 5.6 lbs. bush. 32 lbs. bushASlbs. bu. 56 lbs.
49.275
3,777,601
545.825
194,054
402,000
2,529,408
24,800
61,750
210,000
748,800
79,100
286,000
28,978
570.027
146,500
12,498
192,158
2,782,893
____
422.550
30,730
270,880
1.978.0S0
13,040
20,400
1.242.4-00
754,000
652,000
_ _ _ _ _ _
95,732
2,800
17,534
67,731
3,000
178,196
81,796
1,205
29,023
3,000
608,000
4S.100
364,127
325,375
55,625
4.500
121,000
30,900
16,500
243,100
246,000
—
—
916,000
89,000
S4.000
510.184
553,737
494,604
Since Aug. 1
1906____ 3,9S1,799
1905_____ 3,612,419
1904_____ 3,152,761
7,546,157
9,035,354
S,115,304
5,44S,292
3,290.427
2,356,922
51.795,SS0 32,277.813
54,519,874 33,068.706
54,658,283 31,207,692
5.684,043
5.70S.950
4,816,819
2,307,632
3,473,141
4,132,138
161,683
388.000
232,594
44,170,431 9.242.979 984.534
54,621,620 13,587.080 1,621,871
48,398,617 13,926,000 1,605.354
Total receipts of flour and grain at the seaboard ports for
the week ended Sept. 29 1906 follow:
Receipts at—
New York----------Boston --------- —
Portland_________
Philadelphia _ _ _
Baltimore__ __ _
Richmond --------Newport News-----New Orleans.a —
Galveston------------Norfolk
Montreal___ _____
Mobile__________
Total week_____
Week 1905_______
Flour,
bbls.
113,991
33,210
S57
86,617
78,999
4,435
13,028
15,538
Wheat,
bash.
689.500
32,700
56,000
168,766
60,714
38.576
104,000
485,000
663,000
Corn,
btish.
472,700
10.5S3
Oats,
bush.
685,800
54,932
151.663
276,006
41,630
62,000
163,500
4.000
115,668
124,568
68,230
295,000
54,100
52,597
27,505
1,143
286,088
231,396
3.000
96,836
750
427,920
419,110
2,584,344
1,644,421
1,416,478
1,611,292
1.495,884
2,880,068
Barley,
bush.
86,400
SI,972
Rye,
bush.
975
917
1,667
30,950
2 .6S6
------- -
170,039
289,920
35,528
68,752
a Receipts do not include grain passin ; through New Orleans for foreign ports
on through bills of lading.
Total receipts at ports from Jan. 1 to Sept. 29 compare
as follows for four years:
Receipts of—
1906.
Flour_________________ bbls_ 12.627.S33
1905.
8,695,646
1904.
2,912,944
1903.
15,771,883
Wheat________________ bush. 73,821,570
Com______________- _________ 77,421,725
Oats________________________ 62,411,551
Barley _____________________ 3,194,445
R y e________________________
1,106,44S
23,679,902
77,535,986
46,053,775
5,638,576
6S3.753
32,S48,S49
41,586,507
35.685.84S
2,415,751
628,S85
75,070,292
79,222,791
40,336,569
2,596,401
3,4S4.251
Total grain_______________ 217,955.739
153,591,992
113,165,840
200,710,304
The exports from the several seaboard ports for the week
ending Sept. 29 1906 are shown in the annexed statement:
Wheat.
Exports from—
bush.
New York_______ 542,194
Portland------------56,000
Boston_________ 217,407
Philadelphia------ 192,000
Baltimore_______ 368,000
Norfolk---------------------Newport News_
_ 104,000
New Orleans------ 104,000
Galveston----------- 740,720
Montreal------------- 224,667
— —
Mobile. ------------
Corn,
bush.
2S3,330
Total week------2,548,9S8
Same time 1905-- 712,640
712,979 342.211
665,583
ISO,633 1S6.74S 1.385,407
48,239
72,896
34,985
62.000
8,331
6S.42S
131,770
3,000
Flour,
bbls.
68,886
Oats,
bush.
182,504
857
26,108
76,733
65,170
52,597
13,02S
32.370
295,000
4,917
5,319
1,143
81.240
750
Rye, Barley,
Peas,
bush.
bush
bush
____
67.015
2,604
_____
975
____
54,365
--------
30,000
71,172
____
___
_____
_____
IIIII
18,114
_____ 139.494
85,663 196,193
600
i ’,758
5,937
6,085
The destination of these exports for the week and since
July 1 1906 is as below:
O ct . 6 1906.]
THE CHRONICLE.
------- Flour------Wee*
Exports /or > t <k
c
S-vt 29
hNs.
since July l to—
United Kingdom__ 222 .SS9
Continent_______ . 70.196
So. anti Cent. Amor. 10.769
27.SG2
West Indies
Brit. No. \nn r. Cois 3.712
6,833
Other countries___
---------H'/leaf---------
---------- Corn----------
Since
Since
July 1
Wee*
July 1
Wee*
1906. Sept. 29.
1906. Sept. 29.
bush.
bbls.
bush.
bush.
1.527.401
S29.2S1 13.90S.510
295.S19
5 IS.002 1.705.8 15 9.943,269
379.179
17.1S1
172.7S4
11.062
29.479
____
IS,|14
325.843
--------_____
2.356
24.97S
...........
20.000
70.135
............
...........
Since
July 1
1906.
bush.
2.772.058
4,900.5X3
179.972
146.398
17,620
139.717
712.979 8.522.353
Total. * ...........- . . .342.211 2.669.143 2.54S.9SS 23.901.258
712,640 5,300.634 1.ISO,633 14,337.9X7
Total 1905 ------------. 1S6.74S 1.699,947
T h e v isible su p p ly o f g ra in , c o m p ris in g th e s to ck s in
gra n a ry at th e p rin cip a l p o in ts o f a ccu m u la tio n at la k e and
sea b oa rd p orts S e p t . 29 1906. w as as fo llo w s:
New Y ork .....................
"
afloat______
Boston ............... ........
PhiladehOiia...............
B altim ore....................
New O rleans________
IVheat.
bush.
. 1.S13.000
91.666
531.000
.
625.000
.
940.000
. 1.700.000
SO.000
Corn,
bush.
229.000
Oats.
bush.
69S.OOO
Eye.
bush.
S.OOO
2.000
24.000
115.000
339.000
' V .666
79.000
36.000
334.v00
270.000
45.000
60.000
212.000
•
•
afloat______
D e tro it.......................... I
’ * afloat...............
Chicago______________ .
"
afloat______
M ilwaukee_____ ____
*
*
afloat...........
Fort W illiam _ _____ _
Port Arthur.................
Duluth . . . ............. .
"
afloat______
M inneapolis........... ...... .
St. L o u is ____________ '■
afloat______
Kansas C ity ..
Peoria....................... ..
99.000
1.000
465.000
374.000
322,000
403.000
SS9.000
M on trea l............... ..
B u ffalo......................... .
“
afloat......... ..
150,000
1.36S.000
26.000
338.666
112,000
61.000
89.000
9 . 122.000
1,461.000
1.345.000
596,000
476.000
31.000
423.000
4S.000
Barley.
bush.
45.000
1.000
6.000
S I ,000
91,000
1,095,000
477,000
2.903.000
26.000
371,000
1S9.000
740.000
1.785.666
3.694,000
30.000
72.000
1.217.000
460,000
90.000
266,000
9,000
3.161.000
183,000
429,000
59.000
35.000
115.000
155.000
975.000
25.000
9.000
On Mississippi R iv e r..
On L a k e s_______ ____ _ 2,225.666
On Canal and R iv e r .. .
329,000
566.000
135.000
231.000
354.000
4 .ITS.000
3,741.000
5.774.000
5.979.000
9.090.000
3.075.000
S,833.000
S.07S.000
IS.S76.000
20.015.000
6.453.000
8.344,000
Total Sept.
Total Sept
Total Sept.
Total Oct.
Total Oet.
Total Oct.
29 1906. .33.352.000
22 1006. -32.11S.000
30 1905. .17,905,000
1 1904. . 17.565.000
3 1903. -19.4S9.000
2 1902. -25.624.000
6,000
544.000
322.000
—
1.545.000
1.513.000
1.301.000
1.460,000
884.000
1,154.000
2.39S.000
1,867.000
3.942.000
4,144,000
334,700
2,767.000
THE DRY GOODS TRADE.
A ew Y o r k , F rid a y N ig h t, October 5 1906.
There has been a gen eral stiffen in g o f p rices in th e c o tto n
g o o d s m a rk et du rin g th e w e e k , and w h ile som e lines h a v e a d
v a n ce d co n sid e ra b ly , p r a c tic a lly all are slig h tly higher than
a w eek a g o . It is cla im ed th a t this co n d itio n w o u ld h a v e
e x isted ev en w ith o u t th e a d v a n ce o f p r a c tic a lly a cen t a
p o u n d in th e p rice o f the ra w m a te ria l, b u t th e re is no d o u b t
th a t th e la tter has o p e n e d th e eyes o f b u y e rs to th e stren g th
o f th e situ a tion and has s e rv e d to fu rth e r con firm sellers
in th eir v iew s.
T he in crea sin g s c a r c ity o f th e m a jo r ity o f
lin es and th e unusual d em a n d fo r th e season o f th e yea r still
con tin u e th e p rin cip a l fa cto rs in th e u p w a rd m o v e m e n t.
T h e recen t declines in th e p rice o f c o tt o n h a d little influence
o n th e g o o d s m a rk e t, fo r th e reason th a t th e su p p ly w as
sm aller th an th e d em a n d , b u t th e la ter rise has h a d m ore
effe ct, c o m in g , as it has d o n e , on to p o f a sta tistica l situ a tion
th a t w as alrea d y stro n g . T ra d in g g e n e ra lly has been o f
o n ly m o d e ra te p ro p o r tio n s , b u t b u y e rs are fo llo w in g th e
situ a tio n v e r y clo se ly , and w hen th eir ju d g m e n t deem s it
n ecessa ry th e y are p la cin g fa ir-size d ord ers fo r fu tu re d e
liv e r y as a m a tter o f p r o te c tio n .
E x p o r t business has been
c o m p a r a tiv e ly sm all, b u t it is n o tic e a b le th a t th o se ex p orters
w h o re ce n tly refu sed to low er th eir q u o ta tio n s to th e le v e l
m a d e b y oth ers are n o w secu rin g fu ll askin g p rices. T h e
w o o le n and w orsted g o o d s m a rk e t co n tin u e s q u ie t, b u t dress
g o o d s h a v e h ad a m o d e ra te sale.
D O M E S T IC C O T T O N G O O D S .— T h e e x p o rts o f c o tt o n
g o o d s fro m this p o rt fo r th e w eek en d in g O c t. 1 w ere 1,668
p a ck a g es, v a lu ed a t $ 1 6 3 ,7 5 5 , th eir d e stin a tio n b ein g to th e
p o in ts sp ecified in th e ta b le b e lo w :
-Veic York to October 1.
Great Britain___________________
Other European__________
China__________________
In d ia _______________ " " " " ’ III.' I
Arabia________________
Africa . . . ____ _____ I I I I I I H I
Wesl
‘
M e x ic o ______________
Central America____________ 1 .1 ____
South America__ _______
I
Other Countries________
I
.
T otal.
...
1906---- —
Since
Jan. 1.
1.104
20
2
1.115
79.811
8,310
36,637
9,015
54 j
20,929
1.604
11
4
11,391
205
40 .323
860
8G0
13,535
Week.
-------------------------------------_1,668
1 .668
situ a tio n in b le a ch e d g o o d s is b e c o m in g a cu te .
F u rth er
a d v a n ce s h a v e b e e n re co rd e d d u rin g th e p a st fe w d a y s , and
a t th e h igh er lev els th e larger b u y e rs h a v e p la ced liberal
o rd e rs. T h e s c a r c ity is b e c o m in g grea ter and d eliveries are
fa llin g fa rth er and fa rth e r b e h in d . W id e sh eetin gs h ave
been a d v a n ce d and th ere is a g o o d d em a n d fo r th ese and fo r
sheets and p illo w cases.
L in in gs are ste a d y , b u t b u y in g has
n ot been h e a v y . T h e p r o s p e c t o f an a ctiv e ca m p a ign in
C u b a fo re sh a d o w s an im p r o v e d d em a n d fo r d u c k . D en im s
and tick in g s h a v e been a d v a n ce d and b o th these an d o th e r
coa rse, co lo r e d c o tt o n g o o d s h a ve been in g o o d req u est.
A n a d v a n ce in p rin ts w ith in th e m o n th is freely p re d icte d .
G in gh a m s are stro n g an d fine grad es are h igh er in sp ite o f
so m e p rice cu ttin g in th e W e st b e tw e e n in d iv id u a l firm s.
P rin t clo th s h a v e been a c tiv e a n d th e m a rk et has b e c o m e
so m e w h a t e x c ite d .
B u y in g o f w id e g o o d s has been p a r
ticu la rly h e a v y at h igh er p rices and n a rrow g o o d s h a v e also
been a d v a n c e d .
I t is th o u g h t th a t p rin ters are c o v e rin g
th em selves in p re p a ra tio n fo r an a d v a n ce in p rin ts.
R egu
lars c o n tin u e n o m in a lly u n ch a n g ed a t 3 ^ c .
W O O L E N G O O D S .— A c t iv it y in th e m e n ’s w ear lig h t
w eigh t m a rk et has been con fin ed to th e h asten in g o f d e
liveries o f sa m p le p ieces b y th ose w h o are a n x iou s to sta rt
th eir salesm en o u t o n th e r o a d . In th e h e a v y -w e ig h t d iv ision
th ere has been m ore d o in g , b u t it is n o tic e a b le th a t th e d u p li
ca te d em a n d is p r in c ip a lly fo r th ose w orsted s th a t w ere p o p u
lar d u rin g th e in itial b u y in g p e rio d , and w h ich are co n s e
q u e n tly v e ry sca rce . A t th e sam e tim e re-ord erin g is n o t
b y a n y m ean s general as y e t , and w ith th e m o re p o p u la r
lines d iffic u lt , if n o t im p o ssib le , to o b ta in , th ere is reason to
b e lie v e th a t oth ers w ill b en efit later o n , an d bu sin ess w ill
co n se q u e n tly b e m o re e v e n ly d istrib u te d . T h e slig h tly co ld e r
w ea th er has ca u sed a sp u rt in o v e r c o a tin g s , b u t th ere is still
a g re a t deal o f in d e cisio n re g a rd in g w h a t is n eed ed .
D ress
g o o d s h a v e been m o re a c tiv e th a n m e n ’s w ea r, b u t still
th ere has n o t been as m u ch d o in g as sellers co u ld h ave
w ish ed fo r .
H e a v y -w e ig h ts h a v e b een in fa ir d em a n d an d
arc lik e ly to b e in still b e tte r re q u e st w h en th e first spell o f
c o ld w ea th er m akes its a p p e a ra n ce and retailers k n o w m ore
w h a t th eir req u irem en ts w ill b e . A fa ir d u p lica te b u sin ess
in cloa k in g s has been r e co rd e d .
In sp ite o f th e im p r o v e d
d em a n d fo r b r o w n s, b la ck s still co n tin u e th e b e st sellers,
•with b lu es, g ra y s and b ro w n s fo llo w in g in th e o rd e r g iv e n .
F O R E I G N D R Y G O O D S .— T h ere is little d o in g in im
p o r te d w o o le n and w o rs te d dress g o o d s at th e m o m e n t , b u t
an a ctiv e business is lo o k e d fo rw a rd to s h o r tly .
L in en s re
m ain v e r y stro n g , b u t th e c o n tin u e d a d v a n ce s are e x p e c te d
to re strict bu sin ess. Silks sh o w signs o f im p ro v e m e n t.
B urlaps are in sm all su p p ly and p rice s h o ld stea d ju
im p o r ta tio n s an a w a r e n o u s e
T he im p o r ta tio n s and w a reh ou se w ith d ra w a ls o f d r y g o o d s
at this p o r t fo r th e w eek e n d in g O c to b e r 4 1906 an d sin ce
Jan . 1 1906, and fo r th e co rre sp o n d in g p eriod s o f last y e a r,
are as fo llo w s:
M
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1905--------Since
Jan. 1.
910
732
95,009
95
11.540
550
19,787
8,550
75
23.020
731
2,231
20
13.400
343
45,542
1 ,478
13,258
75
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Week.
15
th e v a lu e o f these N ew Y o r k e x p o rts sin ce J an u a ry 1 has
been $ 1 2 ,9 1 5 ,2 4 0 in 1906, again st $ 1 2 ,6 8 2 ,6 8 8 in 1905.
H e a v y g o o d s h ave e n jo y e d a m a teria l a d v a n c e d u rin g th e
w eek and the d om estic d em a n d has b een o f fair p ro p o r tio n s.
B id s th a t w ere freely a c ce p te d last w eek h a v e been u n
h esita tin g ly refused d u rin g th e past fe w d a y s and th e re are
sign s o f a still fu rth er stiffen in g o f v a lu es. S im ilar co n d itio n s
m aintain in th e case o f 4 -yard and ligh ter w eigh t sh eetin gs,
th e d em a n d for w hich has been d e c id e d ly b e tte r .
A norm al
e x p o rt trad e to m iscella n eou s cou n tries has been e x p erien ced
d u rin g th e w eek , b u t th e Chinese d em a n d is still in signifi
c a n t.
P rices are on a d is tin c tly h igh er le v e l, in sy m p a th y
w ith th e d om estic m a rk e t, arid th ose ex p o rte rs w h o were
figuring on a low er basis h a v e been d is a p p io n te d . T he
843
03 I 5
ci ci j oi to © -i
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?
THE CHRONICLE
844
gTATe
C ity D ep ^ptiytent.
Chronicle.
te
PUBLiSHED W EEK LY.
Terms ol Subscription—Payable in Advance
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and
I ndustrial Section, issued quarterly, is furnished
without extra charge to every annual subscriber of the Commercial
and
FIN ANCIal C irRONICLE.
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without extra charge to every subscriber of the chronicle .
The Street R a il w a y Section, issued three times a year, is likewise fur
nished without extra charge to every subscriber ol the Chronicle.
The B ank and Q uotation Section, issued monthly, is also lurnislierl w ith
out extra charge to every subscriber of the Chronicle.
Terms ol Advertising-— Per Inch Space
Transient matter per inch
'
Standing Business Cards
space (14 agate lines).................................... $4 20
Two Months
(8 tim es).......................... 22 00
Three Months
(13tim es).......................... 29 00
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(26tim es).......................... 50 00
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CHICAGO O F F IC E —Pliny Bartlett, 513 Monadnock Block.
LONDON O FFIC E —Edwards & Smith, 1 Drapers’ Gardens, E. C.
W I L L I ATI B . D A N A C O M P A N Y , P u b lis h e r s ,
F in e S treet, C orn er of P ea rl S treet,
P ost Office B o x 9 5 8 .
NEW Y O R K .
MUNICIPAL BOND SALES IN SEPTEMBER.
Sales of municipal bonds during September were very
light, aggregating only $8,871,918, as against $15,950,587
in August 1906 and $9,825,200 in September 1905. Tem
porary loans to the amount of $5,833,339 and Canadian
loans in the sum of $994,974 were also negotiated during the,
month, but these do not appear in our totals.
The only sale for a considerable amount was that made
by the city of Cincinnati on the 18th, when $1,000,000 4%
20-40-year (optional) water bonds were placed with the
First National Bank of Cincinnati at 101.765— a basis of
about 3.873% to the optional date and 3.913% to full
maturity.
The number of municipalities emitting bonds and the
number of separate issues made during Sept. 1906 were 193
and 257 respectively. This contrasts with 238 and 338 for
August 1906 and with 229 and 344 for Sept. 1905.
For comparative purposes we add the following table,
showing the aggregates for September and the nine months
for a series of years:
M onth of
September.
1906-- ..$8,871 ,918
1905_ _ __ 9,825,200
1904..... . .10,694,671
8,762,079
1903-_
1 9 0 2 --. __ 9,179,654
1901__ . . 14,408,056
1900__
4,033,899
1899__.
7,201.593
F or the
N in e M os.
$152,214,399
141,021,727
197,921,657
111 ,745,993
117,678,855
99,324,001
97,194,441
95,026,437
1898_____
1897_____
1896_____
1895_____
1894_____
1893_____
1892_____
M onth of
Septem ber .
-$6,173,665
_ 9,272,691
_ 3.693,457
-11,423,212
_ 8,249,347
_ 3.885,137
_ 6,242,952
F o r the
N in e M os.
$83,150,559
106,387,463
56,229,416
92,253,916
90,454,836
40,974,566
63,583,834
In the following table we give a list of September loans to
the amount of $8,871,918 issued by 193 municipalities.
In the case of each loan reference is made to the page in the
“ Chronicle” where an account of the sale is given.
S E P T E M B E R BOND SALES.
Page.
Name.
Rate.
Maturity.
774_.A k ron , O hio_________________4
1908-1911
7 1 2 .. Albany, M o _______________ 6
41911-1926
712__Albia, I o w a _________________4 y2
1931&1936
7 7 4 .. Alhambra City Sc. Dis., Cal. 5
1907-1916
774__Allegheny County, P a_______ 4
1926
712__Am ityville School D ist., N .Y .4.45
1908-1931
5 8 4 .. Annapolis, Md____________ 4
al921
845. .A rch bold, O h io _____________ 4
41914
6 4 4 .. Ashland, K y _______________ 6
7 7 4 .. Ashland, Ohio____________ 5
1907-1916
774__Ashland, Ohio______________ 5
1907-1913
7 1 2 .. Avondale, A la____________ 5
1936
5 8 4 .. Ashland County, O hio____ 4
1907-1911
584. .Ashtabula, O h io ____________ 5
1906-1915
584_ .A thens, O hio_____________ 5
1907-1916
5 8 4 .. Athens, O hio______________ 5
1908-1910
5 8 4 .. Athens, O hio______________ 5
1911-1917
845. .A uburn,
Me_________________ 3>i
1926
7 1 2 .. Auburn, N. Y _____________ 4
1907-1914
845. .A zusa, C a l__________________ 6
1907-1946
713. .Berkeley Sch. D ist., Cal____4H
584. _ Bellaire, Ohio (2 is .)____. ___ 6
_
7 1 3 .. Belpre Sch. D ist., O hio____ 4
6 4 4 .. Beverley, M a ss___________ 4
6 4 4 .. Big Mound Dr. D ist., Ill__5
7 7 4 .. Bloomington, 111__________ 4
8 4 5 .. Bloomington Sch. Dist., Ill___ 4
713__B ovey, M in n ________________ 6
845_-Bow bells, No. D ak__________ 6
713__Bratenahl Sch. D ist., O h io .. 4 H
7 7 4 .. Bridgeport, P a____________ 4
7 1 3 .. Bullard Sch. D ist., T ex ___ 5
7 1 3 .. Butler County, M o________ 6
845. .B ucyrus, Ohio______________ 4
7 7 4 .. Canton, O hio______________4 ^
7 7 4 .. Canton, O hio_______________ 4%
1907-1916
1916-1926
al925
1908-1916
41916-1926
1920-1922
1921
al919
1916 &1926
41916-1926
1908-1926
1907-1915
1907-1921
1907-1916
Amount.
Price.
$11,000 100.227
15,000 103.413
25,000
5,000 102.56
400,000 102.19
24,000 100.052
25,000 103.272
8,000 101.593
21,000 100
16,000 105.312
12,600 103.563
25,000
28,000 100.896
20,000 104.125
3,100 100
1,500 102.353
3,500 108.01
4,500
11,000 100
11 ,000 108.272
(200,000 103.25
1 20,000 103.25
1100,000 105.42
3,673 103.069
11,000 100.09
38,000 101.64
26,000 103.207
40,000
V 25,000 2/100
10,000 100
12,000 101.54
12,000
36,500 100
2,500 101
305,000 100.032
9,300 100.505
15,000 102.58
2,500 100& i
[VOL. LXXXIII
Page.
Name.
ate.
7 7 4 .. Canton, Ohio........... ............
774 Carlton Sch. Dist., M in n ..
4
713- -Celina Sch. Dist., Ohio
4
774__Cassia Co. Sch. Dist., Idaho.
845_.Charlotte, M ich_______
5
585. .Chardon, O h io..
5
840. .Cheboygan, Mich. (2 is.).
5
7 1 3 .. Chemung County, N. Y
4
713 -Cincinnati, O h io _______
4
713__Clarinda, Jowa_.
4 34
585. .Clark County, O h io .___
4
8 4 0 .. Clark Co. Sch. Dist., W ash. 6
8 4 0 --Clinton, M o ____
4
585. -Conneaut, O hio_____
5
tL *
_L
5 8 5 ..
Cook County, 111............
4
Maturity.
1907-1916
1917-1934
1907-1915
1911-1914
41926-1946
1926*J
1907-1919
1907-1911
41911-1926
1907-1916
1908-1926
7 7 4 .. Corsica Sch. Dist., S. Dak_5
1916
_ 4
_
585. .Coshocton, Ohio____
1907-1926
8 4 6 .. Covington Sch. Dist., T e x _5
1908-1916
713. .Cuyahoga Falls, Ohio.
. .4
7 7 5 .. Darke County, Ohio
_4
1908-1912
1907-1911
7 7 5 .. Darke County, Ohio- .
. 4
846- .D ayton , O hio_______
_ 4
_
1911-1914
846__Dlxon, 111_________
4 l>
/
7 1 3 .. Douglas, A riz________ .
___5
1912-1936
8 4 6 . _Du Bolstown Sch. Dist., P a ._ 4
41911-1936
585__Ellwood City, P a______
4 Y
2 41916-1926
7 1 3 .. Elm Grove, W . Va_ ____
5
41916-1936
7 1 4 .. Elmira, N. Y__
4
1907-1936
846__Enid Sch. Dist., Okla_______ 5
41916-1926
6 4 5 .. Essex Sch. Dist., N. Y _ .4.95
1907-1916
714. - Fairbury, 111________ ______ 4
1913-1918
1906-1911
714. .Fairport Sch. Dist., N. Y_ _ 4%
6 4 5 .. Fayette, M o________
4H
41916-1926
7 1 4 .. Felta Sch. Dist., C al____ _ 5
1907-1920
5 8 5 .. Fostoria, Ohio_______
__ 4
1923
847. .Fountain County, Ind. (5 is.) 4 ^
1907-1926
41911-1926
775. .F ulton, Mo. (2 is .)________ _ 4 V
2
1907-1916
8 4 7 .. Fredonia Sch. Dist., K an __4
775. .Frem ont, Mich______________ 5
1912-1919
41911-1926
8 4 7 .. Fremont, N e b ____
_____6
7 7 5 .. Fullerton Sch. Dist., Cal.
4 y2 1907-1916
1907-1926
8 4 7 .. Gibson County, Ind. - ____4 y2
847_ _Glenwood Sch.H ist.N o. 1 ,W is. - _
1907-1916
7 1 4 .. Grand Rapids, M ich_ ___ 4
1921
7 7 5 .. GrandRapids S ch.D ist.,Minn. 5
1907-1926
6 4 5 .. Granite City Sch. Dist., Ill_4y2
1921
7 1 4_ _Guntersville, A l a . . . ________ 5
1926
775_ .H allock, M in n ______________ 4y2
645__Havre, Mont. (2 is .)________ 6
41916-1926
6 4 6 .-Hawkeye, Iow a_____________ 5
1924-1926
8 4 7 .. Hillrose Irr. Dist., C olo.(3 is.) 6
7 7 5 .. Homer Sch. Dist., Minn___ 6
1908
6 4 6 _ .Houston Heights Sc.Dis. ,Cal_ 5
1936
847__Howe Sch. Dist., T e x _______ 5
41916-1946
41911-1926
646_ .Independence, Mo. (2 is .)____
7 1 4 .. Jackson, M ich ____________ 4
1926
8 4 8 .. Jasper County, Miss______ __
41911-1926
7 7 5 .. Jay County, I n d __________ 6
1907-1911
586. .Jefferson County, In d_______
775_.Jefferson County, In d _________ 4y2
8 4 8 .. .Johnstown, P a ____________4
41916-1936
41911-1936
646. .Johnstown Sch. D ist., P a ____4
7 7 5 .. King County, T e x _________ 4
41911-1946
7 7 5 .. Kootenai Sch. Dist., Id a h o ._ - . —
646_ .K utztow n, P a______________ 4
775__La Belle, M o ________________5
41911-1926
7 7 5 .. Laguna Sch. Dist.. Cal____ 5
1907-1916
7 1 4 .. Lakewood Sch. Dist., O h io .. 4y2 1911-1944
776. .Lakewood, Ohio (4 is .)______ 5
1907-1916
7 7 6 .. Lancaster, P a______________4
41926-1936
8 4 8 .. Lancaster School Dist., Cal__ 5
1907-1910
7 1 4 .. Lebanon, P a_______________ 3y>
8 4 8 .. Lake County, Ind. (3 is .)__ __
41916-1926
7 1 4 .. Lone Oak Sch. Dist., T ex _5
7 7 6 .. Long Branch, N. J________ 4
1936
7 1 4 .. Lower Lake Sch. Dist., Cal__ 6
1907-1916
1907-1926
714. .Lucas County, O hio________ 4
586. .Madison County, Ohio (2 is .). 5
1907-1911
776_.Madison County, Ohio (9 is .). 5
8 4 8 .. Madison T w p., In d ________ 4
1911-1920
7 7 6 .. Manhattan Sch. Dist., M ont. 6 41907-1916
1908-1917
5 8 6 .. Marion, Ohio___________ _ 4 3
4
1907-1916
5 8 6 .. Marion County, In d ______ 3 y2
1807-1922
7 1 5 .. Marion County, O hio_____ 5
586__Marlinton, W . V a ___________ 6
1916
1908-1911
776__Maroa, 111___________________ 6
7 1 5 .. Medford Sch. D ist.N o.1 ,Wis_ 4y2 1912-1922
1910-1916
7 7 6 .. Marshfield, W is_____________ 4 y
41911-1936
848. .Meyersdale, P a _____________ 4
1936
848. .Miami, Fla. (5 is .)___________ 5
5 8 6 .. Mobile, A la________________ 5
1907-1921
1907-1916
776_.M onroe County, In d __________ 3H
1907-1926
7 7 6 .. Montgomery, A l a _________ 6
5 8 6 . . Morgan County, In d ________ 4y2
1907-1926
6 4 6 .. Morgantown, W . V a ________ 4y>
1916-1939
848_.M oorhead, Iow a_____________ 6
1926
1916-1926
776. .N eosho, Mo_________________ 4 y
848. . New Kensington, P a ________ 4y2
a 19 21
1925 &1955
848_ .N ew York City (3 is .)_______ 3
5 8 7 .. Northampton, Mass_______4
1907-1913
776. .N orth Chelmsford Fire Dist.,
1911-1935
Mass ____J______________ _ 4
7 1 5 .. North Hempstead, N . Y __ 4
1916 ,’ 21 &’26
715_ .N orth Hempstead & H em p
stead Sch. Dist., N. Y ____4 14
7 7 6 . .N orw ood, Ohio (2 is .)_________ 4y2
1931
41911-1926
8 4 9 .. Nueces County. T e x _______4
715_.Oakland Sch. Dist., Cal_____ 4
1907-1946
6 4 7 .. 0 .k le y , O h io --------------------- 4
6 4 7 .. 0 .k le y , O h io ______________ 4
6 4 7 .. 0 .k le y , O h io ______________ 4
6 4 7 .. 0 .k le y , O h io ______________4
715_.O xford Sch. Dist., N. Y _____ 4
647_-Ottawa, O hio------------------------ 5
776_.Owen School District, W is___5
6 4 7 .. Painted Post, N.
Y ---4
8 4 9 .. Painted Post, N. Y --------------4
715 _ _ Phoebus, V a _________________ 5
5 8 7 . -Pierce Sch. Dist., N eb____ 6
7 7 6 _-P ort Chester Sch. Dist., N. Y . 4
7 1 6 . -Portsm outh, O hio-----------------4
7 1 6 _ .Portsm outh, O hio___________ 4
7 1 6 .. Portsmouth, O hio-------------- 4
8 4 9 .. Portsmouth, V a ___________ 4
8 4 9 .. Preble County, Ohio---------- 4
8 4 9 - .Princeton Sch. Dist., In d ------ __
716. .
Putnam County, Ohio (2 is .). 5
647. _Ravia, Ind. T e r -------------------- 5
716. .R iv er Side Sch. D ist., T e x — 5
647__Rochester, N. Y -------------------- 4
849_-R ock ford, 111------------------------4
849--R og ers School District, Tex__ 5
5 8 7 _ _San Diego Sch. D ist., C a l------4y2
7 1 6_-Sandusky, O hio-------------------- 4
716_-Sandusky, O hio-------------------- 4
849_ - San Fernando High Sch. D ist.,
Cal ----------------------------------- 5
1936
1936
1936
1936
1908-1911
1916
1911-1920
1936
1907-1910
1907-1923
1908-1916
1909-1916
1908-1916
1936
1907-1908
41916-1926
41926-1946
1911-1913
41916-1926
1907-1926
1907-1916
1916
1907-1910
Amount.
Price.
$1,100 100
20,000 100
35,000 100
1,000
9,000 100
3,500 104.20
18,000
51,000 100
1,000,000 101.7652
27,000 100
12,500 100.056
800 100
70,000 100
10,500 103.114
(95,000 100.563
195,000 100.552
(95,000 100.15
195,000 100.157
195,000 100.168
3,000 100
6,500
5,000 101
4,500 100
21,000 100.238
15,000 100.166
20,000 100.83
32,000 102.125
75,000 100
5,350 100
15,000 102.733
18,000 101.013
38,000 100.019
20,000 102.845
11,500 100.086
6,000 101.70
7,500 100
8,000 100.312
3,500 101.214
7,000 100.357
28,650 100-975
20,000 100
12,500 100
8,000 102.187
6,000 102.291
10,000 102.27
58.000 .101.146
14.000
104,000 100.432
20,000 100.375
30,000 102
12,000 100
10,000 100.51
26,000 100
7,000 101.642
30,500
1,000 100
15,000 102.333
8,000 100
30,000 100
50,000 100.60
35,000 100
30.000 101.60
14,000 100
/ 1,360 100
\12,972 100
50,000 100.313
100,000 100
19,000 100
30.000
10.000
99.137
2,900
5,000 102.56
100,000 103.765
25,699 102.221
90,000 103.57
2,000 101
20,000 100.50
102,200
3,150 y4.95%
\ basis
250,000
3,000 100
67,000 100.91
13,200 100.757
14,300 100.607
6,000 101
600 100
10.000 100.83
98,000 100.627
6,500 104.58
7,500 100
4,000 100.791
15,000 Z/101.266
35,000 100.594
10,000 100
100,000 100.35
195.000
25,000 100.85
2,600 102.50
3,800 100.329
70,000 100
5,000 104
40,000 100
50,000 101.70
911,120 rclOO
14,000 100
50,000
20,000
101.325
100.25
27,000 100.651
26,000 108.10
4,000 100
i 21,000 100.10
1259,000 100
5,000 100.50
5,100 100.509
4.000 100.80
7 ,500 100.466
4,000
3,850 102.962
9,000 101.70
625 100
4,375 100
40,000 100
4,000 102.50
24,750 100.125
4,500 100.116
4,000 100.118
9,000 100.111
13,000 100
1,349 100.24
10,000 101.28
21,500 105.251
4,000 100
S ,500 4y> basis
75,000 100.273
60,000 100.166
12,955 J 4 ^ %
1 basis
120,000 101.42
20,000 100.55
5,000 101.62
4,000
101.275
O ct . 6 1006.]
THE
Maturity.
1909-1916
C H R O N IC L E .
815
also received from the Dcvitt, Tremble Co. of Chicago,
W. J. Hayes & Sons of Cleveland and C. H. Coffin of Chicago.
1910-1946
Arcade, Wyoming County, N. Y .— B o n d O f f e r i n g . — Pro
1910-1046
1909-1011
posals will be received until 12 m. Oct. 15 by Charles H. Rey
1909-1011
nolds, Village Clerk, for $21,000 water bonds. Bidders to
1909-1933
i/1911-1926
name rate of interest. Denomination $1,000. Interest
1907-1926
annually on Nov. 1 at the Citizens’ Bank of Arcade. Ma
1926
1/1916-1936
turity $1,000 yearly on Nov. 1 from 1911 to 1931 inclusive.
1/191 1-1916
2.500
100.96
Archbold, Fulton County, Ohio.— A m o u n t o f B o n d s
1907-1925
47,000 197.50
1
A w a r d e d . — Messrs. Hoehler & Cummings of Toledo inform
70.000
1936
100,000
100
us that the amount of street-improvement bonds recently
1907-1910
225,000
101.21
awarded to them was $8,000 and not $9,000 as reported.
1/1911-1926
12.000
101
1911-1917
7,000
100
Denomination $1,000. Date Aug. 1 1906. Interest semi
1917-1942
53,000
100.032
annual. Maturity 7 j^-year average. The price paid was
__________
20,000
101
24,600
100
$8,127 50, or 101.593— a basis of about 4.25%
5.000 100.50
1907-1915
1907-1916
10,000 100
Ashland, Ohio.— B o n d S a l e P o s t p o n e d . — We are advised
1907-1921
15,000
100
that the sale of the $9,200 5% Vine Street improvement
1911-1936
16.000 101.25
1946
8,000
101.10
bonds which was to have taken place Sept. 24 has been post
t/1911-1926
103.03
6,600
poned until next spring. See V. 83, p. 644, for description
7,200
100
1907-1910
14.500
101.724 of these securities.
The sale of the $16,000 5% Fourth
1936
100,000 105.25
1926
6,000 100.425 Street improvement bonds and the $12,600 5% Third Street
100.115 improvement bonds offered on the same day was recorded in
1914-1933
20.000
102.056 V. 83, p. 774.
1907-1911
1,500
<11911-1926
4 ,000 100
1907-1916
40.000 101.95
Auburn, Me.— B o n d S a l e — This city has disposed of
1907-1916
7 ,500 401.066
17.000 103.24
1908-1912
at private sale $4,500 3
20-year refunding bonds— the
8,000 101
unsold portion of an issue of $18,000 mention of which was
made in V. 83, p. 452.
1916
101.432
3,700
(Z1916—
1926
6,000 f/100
Azusa, Los Angeles County, Cal.— B o n d S a l e . — Reports
104.858
1908-1917
8,490
9.375 102.834 state that the $11,000 6% 1-40-year (serial) water-improve
190S-1912
102.726
1908—
1912
3,650
1908-1912
9.820 102.815 ment bonds, bids for which were rejected on Sept. 5 (V. 83,
900 102.444 p. 712), have been awarded to the Wm. R. Staats Co. of
190S—
1912
1908-1912
730 102.465
1907-1911
375 101.333 Pasadena for $11,910 (108.272) and accrued interest— a basis
of about 5.332%.
Total bond sales for September 1906 (193 munici
B e v e r l y , Mass.— D e s c r i p t i o n o f B o n d s . — We are advised
palities covering: 237 separate Issues)___________ fc$S',871,918
that the $38,000 4% sewer bonds awarded to Estabrook &
a Average date of maturity, d Subject to call in and after the earlier
year and matrue in the later year, k Xot including So,833,339 of tem Co. of Boston on Aug. 29 (V. 83, p. 644) will be issued in
porary loans reported, and which do not belong in the list, x Taken by denominations of $1,000 each and dated April 1 1906.
sinking fund as an investment, y And other considerations.
Interest semi-annual. Maturity $2,000 April 1 1922, $7,000
BONDS SOLD B Y C A N A D IA N M U N IC IP A L IT IE S.
yearlj' on April 1 from 1923 to 1927 inclusive and $1,000
A m ount.
M atu rity.
P rice. April 1 1928.
Page.
Name.
Rate.
775 - _ Frederick ton. N. B __ _ 4
1946
840,000
100
Bloomington School District (P. 0 . Bloomington), Mc
8 4 7 . _G!enwood. Man_____
5
4.500 102.844
27.000
645 _ _ Hastings County, Ont
1907—
1926
Lean County, 111.— B o n d S a l e . — This district recently awarded
15.000
715__Xew Yegreville S. D .. Altai---- 4 y i
1907-1926
$25,000 4% school-building bonds to the First Trust & Sav.
647 -Osliawa. Ont_____________ . . . 4 4
1907-1936
99.095
20,000
Bank of Chicago at par, accrued interest and blank bonds.
14,000
4
1907-1926
96.635
776_ .Peterborough County, Ont
97.62
8 4 9 .. Regina, Sask.. ..................___ 4 4
180.000
Denomination $1,000. Date Aug. 1 1906
Inter’est semi
8 5 0 .. . 5.rathcona S. D. Xo. 21S,
Alta 5
1907-1936
15.000 103.113
annual. Maturity $5,000 Aug. 1 1920, $10,000 Aug. 1 1921
679,474
6 4 9 .. Vancouver, B. C_______ ___ 4
96.03
and $10,000 Aug. 1 1922.
T o t a l__________________ ______ _________________________ $994,974
Boise City, Idaho.— B o n d s R e f u s e d — B o n d s R e - a w a r d e d .—
R E VISED TO TALS FOR P R EV IO U S M ONTHS.
We are informed that the $23,312 12 1-10-year (serial)
T h e fo llow in g ite m s , in clu ded in our to ta ls for previous sewer construction bonds awarded on June 14 to the Bankers’
m o n th s , sh ou ld b e elim in a te d fro m th e sa m e , as the sales \ & Lumberman’s Bank of Portland, Ore. (V. 82, p. 1511),
h a v e n o t been carried to c o m p le tio n .
W e g iv e th e p a g e 1 were subsequently refused by them on the ground that the
n u m ber o f th e issue o f our paper in w hich th e reason for th e 1 city had no right to issue the bonds without a vote of the
people on the question— a contention which local attorneys
failure to c o n su m m a te the sale m a y be fo u n d .
Page.
Name of Municipality.
A m ount. familiar with the law providing for such bonds declare to be
645. _ Leesburg. Va. (June list)_______________________________________ $25,000
erroneous. The bonds were re-awarded on Aug. 30 to the
647
Xo. Hempstead and Hempstead S. D. X o. 11, N . Y . (June list) 27,000
New First National Bapk of Columbus, Ohio, at their bid
845. .Boise City. Ida. (.Tune list)____________________ ________ _______ 23,312
of par for 6s.
W e h a v e also learned of th e fo llow in g a d d itio n a l sales for
Bowbells, Ward County, N. D .— B o n d S a l e . — On Sept. 10
p r e v io u s m o n t h s :
Page
Name.
Amount.
Price. the $12,000 6% 12]^-year (average) gold coupon water
Rate.
Maturity.
774 . Anoka Co.. .Minn. _
_
10,250
100
, 3
1911-1916
works, sewerage and warrant-funding bonds described in
845 . Boise City. I d a ..
- ______ _ 6
100
23,312
1907-1916
V. 83, p. 585, were awarded to the Wells & Dickey Co. of
713. -Creightons. D ., Xeb. (July)
20,000
775 -Georgetown. Ohio . . ____ - 4'A
6,000 103.972 Minneapolis at 101.54— a basis of about 5.83%.
847. -H alf Moon Bay S. D ..C a l
_ 5
1907-1921
15,000 100.166
Brackenridge, Allegheny County, Pa.— B i d s R e j e c t e d . —
776 . McGregor S. D .. Tex. (.Junei . 4
(/1910-1936
8,000 100
848. . Moose. Minn____
- 6
7,000
100
1921
This borough on Sept. 18 again rejected all bids received for
776_ -Olnev Sch. Dist.. T e x ..
5
2,500 100
(Z1916-1931
the $14,000 4)/£% 20-year coupon paving and sewer bonds
716 . Pone Countv, Minn. ............ . 3
10,000 100
1911-1915
Shelbina. Mo. (2 Is.)___
35,000
mentioned in V. 83, p. 585.
#1916-1926
717 -T onica. 111. (.July).
______ _ 5
100
3.500
1907-1916
718. .W ebb City. Mo
Bristol, Bucks County, Pa.— T e m p o r a r y I n j u n c t i o n . — We
7,650 100
- 4 y2
1916
851. -Yarmouth. Me. (July). __ . 4
1911-1916
20,000 98
are informed that the issuance of the $100,000 filtrationAll the above sales (except as indicated) are for August. plant bonds authorized some time since by the City Council
These additional August issues will make the total sales (not (V. 82, p. 1394), has been temporarily enjoined and that
including temporary loans) for that month 815,950,587.
the case will be heard in the October term of court.
Bucyrus, Ohio.— B o n d S a l e . — On Sept. 25 the $9,300 4%
4%-year (average) Lucas
Bond Proposals and Negotiations this week tion of which was given inStreet assessment bonds, a descrip
V. 83, p. 644, were awarded, it is
have been as follow s:
stated, to the First National Bank of Bucyrus for $9,347,
Abilene. Dickinson County, Kan.— B o n d Election.—We or 100.505— a basis of about 3.887%.
are advised that this city has decided to vote Oct. 9 on the
California, Washington County, Pa.— B o n d s V o t e d .—
question of issuing 4)^% bonds for the purchase and improve This borough on Sept. 18 authorized the issuance of $5,000
ment of the water-works.
sewer and $25,000 street-improvement bonds by a vote of
Allegheny County (P. O. Pittsburgh), Pa.— C o r r e c t i o n . — 181 to 35.
We are informed that the bid of Robert GHendinning & Co. of
Camp Hill School District (P. O. Camp Hill), Cumberland
Philadelphia for the §400.000 4% 20-year coupon court County, Pa.— B o n d s N o t S o l d . — No award was made on Sept.
house bonds of this county offered on Sept. 24 was 101.76, 26 of the $12,000 4% 10-20-year (optional) coupon schoolor $407,040, and not $1.76 premium as given in the table of ' building bonds described in V. 83, p. 713.
bids published last week. This makes the bid of the Phila
Carthage, Jefferson County, N. Y .— B o n d s V o t e d . — This
delphia firm third highest in the list instead of the lowest.
village on Sept. 18 authorized the issuance of $125,000
Ambridge Borough), Beaver County, Pa.— B o n d A w a r d . water bonds by a vote of 205 to 59. Interest not to exceed
P o s t p o n e d . — We are informed that the bids received on Oct.
5% . Maturity $5,000 yearly beginning 1911. Date of sale
1 for the 820.000 4% coupon street-improvement bonds de not yet determined.
scribed in V. 83, p. 712. will not be opened until Oct. 15.
Charlotte, Eaton County, Mich. — B u n d S a l e . —This city
Antigo, Langlade County, Wis.— B o n d Sale.— On Oct. 1 recently awarded the $9,000 5% street bonds mention of
the 810,000 4% 15-19-year (serial) coupon refunding bonds which was made in V. 83, p. 453, to H. K. Jennings at par.
described in V. 83, p. 4.51, were awarded to the American Denomination $100. Date Aug. 1 1906. Interest annual.
Securities Corporation of Cedar Rapids at par. Bids were Maturity $1,000 yearly beginning in 1907.
Page.
Name.
Rate.
5
849 Sail Gabriel Sell. Dlst . Cal
849 .Sail Luis Obispo Co.. Cal. (3s) 5
776. .San Mateo County. Cal ......... 4
4
776 . -Sati Mateo County. Cal
4.90
7 1 6 .. Scot la. X . Y - - - - - - - - - - - - 716 -Scotia. X. Y ----------------- --------- 4.90
4.00
7 1 6 . _Scot la. X . Y ------ - .............. ..
I)
849 .Scribner. Xeb. (2 Is.) - - - - - 4 .4
716- Shelby County. Ia d __
716- .Smlttirteld. X . C ----------------- - 6
648 South Fork. P a ......................... 4 4
777 -Spokane County Seh. Dlst.
Xo. 37. Wash.
34
777 .Springfield Park Dlst.. Ill . - 4
777 Staples. Minn-...........................
777 .Suffolk. V a ___ ._
------------ 44
716 . .Syracuse. X. Y
__ _ — 4 4
7 7 7 --Tainaqua. Pa
- - ------------ a 1>
4 '
716- Theresa. X. \
-----649 _TiconderogaS. D. Xo. 5. X. Y 4.40
8 3 0 ..Topeka- K an________________ 4
8 30 . .Troy. X . 3 _____ ______ _____ 4
7 7 7 ..Tunkhannock. Pa .................. 4
6
717 Union Seh. Dlst.. Ore_____
5 8 8 -.U tic a . X . Y _
_ _
_ _____ _ _ 4
8 5 0 . -Upper Dublin Twp. S. D..Pa_ 4 4
778. . Waelder Sell. D lst.. T ex___ . i>
5
589 . Warren County. Miss
717 .Warsaw Seh. Dlst.. .X 5'
4
777. .Washington T w p.. Iud______
. 5
717 _ W ay cross. Ga. (3 Is.).
650_ . Westhope, X . D_
_____ . 5
778. -Wauseon. Ohio________ _ ..
4
778, West Manchester. Ohio
___ 5
5
650 Wlndom Seh. D lst.. Tex . .
6 3 0 .-Wright County. Iowa.
_ . 6
7 1 8 .-W right County, Iow a-.
. _ 6
5S9- -W yandot County, Ohio (3 is.) 5
778 .W yom ing Sch. Dlst., Ohio___ 4
851 .Y akim a Co. Sch. Dlst. Xo. SO,
Wash _____________________ 3 4
851 . Yaklm aCo.S.D.Xo.81 .W ash. 5
5
7 18_ _ Youngstown, Ohio_________
71S_ Youngstown, Ohio____ . . .
5
7 1 8 - .Youngstown, Ohio
. .. . _ 5
71S_ Youngstown, Ohio - - - - - - 5
718 . Youngstown. Ohio.
. . . 5
71S_-Youngstown, O hio. -- _ _ - 5
718. Youngstown. Ohio. ____ . . . 5
Amount.
Price.
88.000
103.212
90,000 105.2631
100.108
125,000
25,000
100.12
17,000
100
100
5,000
27,000 100
26,000
100
44 ,000 100.253
5.000
12.000
102
846
f - - '—
[Y ol.
T H E C H R O N IC L E .
............................. ............................................................................................- - -
—
'
C h e b o y g a n ,
C h e b o y g
B o n d s .—
T h e
$ 1 4 ,0 0 0
s t r e
w o r k s
r e f u n d in g
5 %
b
C o . o f T o le d o
a n s w e r t
•
l x x x iii
- - ---------------------------------------------- ' —
a n
C o u — D y s,c r ip M n c
n t e
tio i
e t - im p r o v e m e n t a
o n d s
r e c e n t ly
a w
o
t h e
f o llo w in g
d
ho f.
D e n n is o n
S c h o o l D is t r ic t
( P .
O .
D e n n i s o n i,
n d C $ o4 u, 0 n 0 t 0y , w O a.— eBoro n d s V o te d .— B o n d O f f e r i n g . —
t
h i
O n
S e p t . 2 9
a r d et h i s t o d i S tp r i i tc z t e rv o & e d
d
s
t
to
is s u e
t h e
$ 1 7 ,0 0 0
4 %
s c
e s c b i o nt i do s n : m e n t i o n e d
r p
in
V . 8 3 , p . 7 1 3 .
T h e
v o t e w
1 1 2
“ a g a in s t .”
P r o p o s a ls
f o r
t h e s e
s e c u
§14,000 5% street-improvement bonds dated Aug. 1 1906 and maturing t o
from 1920 to 1923 inclusive.
r e c e iv e d
u n t il
O c t .
2 0 .
A u t h o r it y
S e c t io n s
4,000 5% water-works refunding bonds dated Oct. 1 1906 and maturing
in c lu s iv e
o f t h e
R e v is e d
S t a t u t e s .
M a t u r it y
$
in 1914 and 1915.
1 9 3 3 a n d $ 2 ,0 0 0 y e a r ly t h e r e a f t e r .
B o n d s a r e t a
C h i c a g o(111.) S a n i t a r y
D i s t r B o nt d. s— S old in P a r t . —
i c
L o c a l p a p e r s s t a t e
t h a t u p t o O c t . 2 $ 3 2 5 , 0 0 0 o Df it xh oe n $, 5 0 0 ,e 0 0 C 0 o u n .-—y B, o n 1d 1 1S o l e . —
L e
t
O n
S e p t .
2 9
$ 3 2
4 %
c o u p o n
b o n d s d e s c r ib e d
in
V . 8 3 , p . 7 7 4 0 , 0 0h a 4 d ) ^ b %e e n b us u l b i n g
i d
b o n d s w e r e a w a r d e d
t o
N .
s c r ib e d
f o r .
C o . o f C h ic a g o
a t 1 0 2 .1 2 5 , a c c r u e d in t e r e s t a n d b
$ 5 0 0 .
D a t e
S e p t .
1
1 9 0 6 .
M a
C in c in n a t i,
O hB o o d — O f f e r i n g .—
i n.
P r o p o s a ls
w ill
bD e e n r o m i n a t i o n
e
s
1 9 1 1 , $ 2 ,0 0 0 J u ly
1 1 9 1 1 ,
c e iv e d
u n t il 1 2 m ., N o v . 5 , b y
W . C . C u l k i n l o ,w C : i t $y 6 ,A0 0 0d i A o p r r, i l 1 5
s
u
t
,
J u ly
1
1 9 1 6 ,
$ 6 ,0 0 0
A p r il
1 5
f o r t h e f o l l o w i n g b o n d s , m e n t i o n o f w h i c h w a s 1 5m a 1 d9 e1 6 i n $V 2 . , 0 8 0 3 0,
J u ly
1
1 9 2 1 , $ 6 ,0 0 0
A p r il 1 5
1 9 2 6
a n d
$ 2 ,0 0 0
p .
3 9 1 :
b o n d s
w e r e
o ff e r e d
a s
4 s
o n
S e p t .
1 7
b
$300,000 3.65% 25-year coupon City Branch Hospital improvement bonds. T h e s e
140,000 3.65% 20-year coupon Liberty Street Viaduct repair bonds.
a w a r d e d .
A u t h o r it y ,
S e c t io n s
2 8 3 5 ,
2 8 3 5 b ,
2 8 3 6
a n dD o 2n 8 o 3 r 7a
o Sf c ht ho eo l
D is t r ic t
( P .
O .
D o n o r a ,i,
R e v is e d
S t a t u t e s .
D e n o m in a t io n
$ 5 0 0 .
D Ca o eu , n td y a , y .— B o sn a l eO. f f e r i n g . —
t
o
P fa
d
P r o p o s a ls
w ill
b e
r e c e
In t e r e s t
s e m i- a n n u a l.
C e r t if ie d
c h e c k
f o r
5 u % n t i ol f O t c h t e 1 b0 o bn yd s O . G . F r a z i e r , S e c r e t a r y S c h o o l B
.
b i d f o r , p a y a b l e t o t h e C i t y A u d i t o r , i s r e q u i rB e o d x . 4 2 P 2 u) r fc oh r a s$ e 4 r 0 , 0 0 0
4 j/£ %
c o u p o n
b o n d s .
D e
t o p a y a c c r u e d in t e r e s t .
B o n d s a r e e x e m p t $f r1 o, 0m 0 0 t . a x e D . a t e
s
M a y
1
1 9 0 6 .
In t e r e s t
s e m i- a n
a n
o f
D o n o r a .
M a t u r it y
$ 2 ,0 0 0
y e a r ly
f
C la r k
C o u n t y
( W a s h . ) S c h o o l D i s— Mi a ttu r ity o . B 5 5 .k
t r c
N
n
B o n d s a r e
e x e m p t f r o m
S t a t e
o f B o n d s .—
W e
a r e
a d v is e d
t h a t
t h e
$ 8 0 0
6 % 1 9 s 2c 7h o i o lc - lh u o s ui vs e .
b o n d s r e c e n t ly a w a r d e d t o
t h e C i t i z e n s ’ B a n k D a ot u p g a l a s m, a tC u o r ce h i s e
r
C o u n t yB ,i d s .A— r iT z h . e
—
f o llo w in g
$ 1 6 0
y e a r ly
o n
S e p t . 2 0
f r o m
1 9 0 7
t o
1 9 1 1 b ii d sc l u w s r e v r e . r e c De ie v e d
n
i e
o n
S e p t .
1 5
f o r
t h e
8 7 5 .0
n o m in a t io n
$ 1 6 0 .
D a t e
S e p t .
2 0
1 9 0 6 . c o u I n to en r es s tw e rs e b m o in d s a w a r d e d , a s s t a t e d
p
e
in
V . 8
a n n u a l .
F . L . F u lle r
&
C o . o f C le v e la n d :
C la y C e n t r e , C la y C o u
o f t h e
$ 2 5 ,0 0 0
4 %
m u
J u ly
1 2
( V .
8 3 , p .
1 7 2
n o w
b e fo r e
t h e
S u p r e m
4
d
y
b
1
s
S
n t yL ,i t i g a t i o n .—
K a n . — T h e l e g a l F. y Fuller & Co., Cle_ _«$75,000 00 ! American Light & "Water
i t I..
n i c i p a l e l e c t r i c - l i g h t S. A. n Kean, Chicago____ o n75,101 50 | C o _____________________ S75.000 00
b o
d s
v o t e d
) is
b e in g
q u e s t i o n e d a And accrued interest. i s
a n d
t h e
c a s e
e
C o u r t .
D u
B o is t o w n
S c h o o l
D is t r ic t
( P .
G .
D u
C o u n t.— ,B o n d a S a l e . - — W e
y
P
a r e
a d v is e d
t h
C lin t o n ,
H e n r y
C o u n t B o n d M S o le—
y ,
a . .—
T h e
$ 7 0 , 0L 0 y 0 c o m i n g
m
( $ 5 ,8 5 0 )
u n s o ld
p o r t io n
o
%
w a t e r - w o r k s b o n d s d e s c r ib e d in
V . 8 3 , p . $ 54 , 53 35 , 0 h a v oe r e b e oe f n t h e
c o u p o n
s c h o o l- b u
is p o s e d
o f a t p a r a n d
in t e r e s t .
U p
t o
S e p t4 . % 2 7 5 n- 3o 0 -s ya el ea r h, a ( do p t i o n a l ) g o l d
h a v e
b e e n
a w a r d e d
a s
f o llo
e t
b e e n
m a d e
o f
t h e
$ 3 0 ,0 0 0
4 %
r e g i s t e r oe f df e r e d e c o t n i c M l i a yh t 2 4
l
r
- g
D e c k e r a t p a r a n d
a c c r u e d
in t e r e s t ,
$ 1 ,0
o n d s w h i c h J . H . K y l e , a g e n t , h a s b e e n o f f e G i n g F. .
r .
a t
p a r
a n d
a c c r u e d
in t e r e s t ,
8 3 ,3 5 0
C o n s t a b l e v i l l e . L e w i s C o u .— tByo n dN S a l Y . —
n
,
. e
O n O c D. e c k e r
t
,
t
a n d
p a r t
a t
p a r
a n d
a c c r
t h e
$ 2 ,0 0 0
5 - 2 4 - y e a r
( s e r ia l)
r e g is t e r e d
wC a rt s or n b o p n ad r s t da e 1 0 1
a e
n
a t 1 0 1 .
T h is m a k
c r ib e d
in
V .
8 3 ,
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817
A u t h o r it y
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Meyer-Kelser Bank, InOhlcago ______ ______ 28,877 00
dianapolis _____ _______ 28,685 00 S a n
M a t e o
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E. M. Campbell & Co.. Ind. 28,864 97 S. A. Kean, Chicago
28,078 65
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D a t e S e p t . 1 1 9 0 6 .
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E.D.Bush & Co.. Indlanap 28,805 001
P r o p o s a ls
D e n o m in a t io n s : S 1 5 7
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—
O n A u g . 2 5 t h e $ 7 ,0 0 0 1 5 - y e a r c o u p o n r o a d b o n
N o t S o ld .—
t M e
5 %
c o u p oi nn V e . l e 8 c 3 t , r i pc .- l i3 g 4 h 0 t , - w e r e a w a r d e d t o &h e F ra c r hm a en rt ss ’
e ,
T o w n
R e c S o t ra d t e r B a h n a k s o bf eG e r n e e n b u s h a t p a r a n d a c c r u e d i n t e
C o u B o n d, O O h inog . —
n t y
ffe r i
b e e n p l a c e dM . o u nS te e H Ve .a l 8t h3 ,y , H a m i l t o n
c u r it ie s .
—
P r o p o s a ls
w ill b e
r e c e iv e d
u n t il
1 2
m .
O c t .
V
C le r k ,
f o r
t h e
f o llo w in g
c h o o l D is t r ic t
N o .
1 0 SW i l( l Pi a . m Os o. n C, o e ui l r l a g e
1 ) , B on d a Oh f foe r .i n g .—
I d
—
P r o p o s a $551 40 5% Adams Street sidewalk-improvement assessment bonds. De
ls
nomination $55 14.
1 2
m . O c t . 8 b y
F .
W 860 00 s g aAdams Street rsidewalk-improvement (village’s portion) bonds.
.
E 5%
t e , C le k
e e s , f o r $ 1 ,1 5 0
c o u p o n
b u i l d i nDenominations $86.
g
b o n d
b M o a d s a r e
n
d a t e d
O c t . 2 4
1 9 0 6 .
In
in t e r e s t .
In e t r e s t
s e m Ti - ha en n a u b a o l .v e
a
a
F ir s t
N a t io n a l
B a n k
o f
M o
t e n
y e a r s
a n d
n o t m o rn e n ut h la l yn
ta wt e tn h t ey
M a t u r it y
o n e
b o n d
o f e a c h
is s u e
y e a r t y
f r o m
c
p a jr a c c r u e d
in t e r e s t .
D is t r ic t N o . 2 0
( P . O .i n L la u k s ei v eA . r t h Pu ur )r ,c h a s e r t o
W
p
o
p
K in g w o o d ,
P r e s t o n
CWo . u V n a t y —B o n d s
. ,
e
a r e
a d v is e d
t h a t
t h e
$ 7 ,0 0 0
la n t
b o n d s
w h ic h
J .
M .
K in g ,
ff e r in g f o r s o m e t im e h a v e n o t y e t
. 3 9 3 , f o r d e s c r ip t io n
o f t h e s e s e
d
w
B
a
t
y
K o o t e n a i
’A l e n e
R .
ill b e r e c
o a r d
o f S
t n o t
e x c
u r it y
“ n o
e a r s . ”
C o u n
F . D .
e iv e d
c h o o l
e e d in g
t
le s s
t y
N
u n
T r
6
t h
S
o .
t il
u s t
%
a n
L a k e
A r t h u r S c h o o l
T e n o n d— P r o p o s e d .—
B n . s
A
b ill
p r o v id in g
C h a v e s
C o u n t y , N B. o nM O — f e r i n g .— A n
d . f
is s u e
o f $ 6 , 5N 0 a0 s h v i l l e ,
c
h e ld
M a y
7
1 9 0 7
t o
v o t e
o n
6 %
c o u p o n
s c h o o l- b u ild in g
b o n d s o f t h is
d i sa t n r i c e t l e w t ii lo l n b et o o b e
f
,
h ig h - s c h o o l b u ild in g
b o n d s
f e r e d a t p u b lic a u c t io n
1 0 a . m . t o - d a y
( O c t . o 6 f ) i sb s y u i Jn . g S $. 3 L0 e0 a 0 , 0 0
d ue cc et id o n i n
t h5 e 1 C ti to y
C o u n c il b y
t h e
F in a n c e
C o m
C o u n t y
T r e a s u r e r , a t R o s w e ll.
A u t h o r it y
S
s
1 4
1 5 4 5
in c lu s iv e
o f t h e
C o m p ile d
L a w s
o f N e n e a Mr e f xu i tc uo r . e .
w
D e
n o m in a t io n
$ 5 0 0 .
D a t e
J u ly
2
1 9 0 6 .
I n t e r N sa t t c Jh a e nz .,
e
1 M a i B odn. d E l e c t i o n .— I t
n s —
s
is
s t a t e d
in
'lo
J u ly
1
a t
t h e
o ff ic e
o f
t h e
C o u n t y
T r e a p ua rp e e r r . s
s
u i
t h M a ta t p rr o t py o s i t i o n s
t o
is s u e
$ 7 5 ,0 0 0
e le c
J u ly
1 1 9 3 6 , s u b je c t t o
c a ll a f t e r J u ly
1 1 9 1 6$ .2 5 , 0 T 0 h0 e s sc uh co c o e l s hs o u s e
b o n d s w ill b e
s u b m it t e d
f u l
b id d e r
w ill
b e
r e q u ir e d
t o
d e p o s it
in
c
c e r t if ie d
O a c s t h. 9 o. r
c h e c k
t h e
f u ll
a m o u n t
o f
b id .
B o n d e d
d e b t ,
t h is
is s u e .
N e w
K e n s in g t o n , W e s t m o r e la n d
C Boo n dn S a le . P a .
u
t y ,
A s s e s s e d v a lu a t io n
f o r 1 9 0 6 $ 1 7 1 ,0 5 5 .
—
O n S e p t . 2 8 $ 5 0 ,0 0 0 4 ) /£ %
1 5 - y e a r ( a v e r a g e ) f u
L a k e C o u n t y
( P . O . C r o w n P o B o ntd) ,S aI le .— . T h e w e r e
in
n d
—
a w a r d e d
t o
W m . M . B e ll a t 1 0 1 . 7 0 .
A b id
C o u n t y
T r e a s u r e r r e c e n t ly
d is p o s e d
o f t h e
f b ll la o n w k i n b g o n g d r sa v w e al - s a l s o
o
r e c e iv e d
f r o m
S . A . K e a
r o a d
b o n d s :
D e n o m in a t io n
$ 1 ,0 0 0 .
D a t e
O c t .
1
1 9 0 6 .
I
§56,000 Hobart Township gravel-road bonds to Rudolph Kleybolte & Co. a n n u a l .
T h e s e
s e c u r it ie s
w e r e
o ff e r e d
o n
S e
of Cincinnati.
( o p t io n a l)
b o n d s ,
b u t
n o
s a t is f a c t o
34,200 Winfield Township gravel-road bonds to Rudolph Kleybolte & Co. 1 0 - 3 0 - y e a r
of Cincinnati.
r e c e iv e d
o n t h a t d a y .
S e e V . 8 3 , p . 6 4 7 .
12,000 Cedar Lake Township gravel-road bonds to Rudolph Kleybolte
N e w
O r l e a n s , B oa d —O f f e r i n g .—
L n .
P r o p o s a ls
w ill b e
& Co. of Cincinnati.
L a n c a s t e r
S c
B ond S a le — T h e
L
t h e s u c c e s s f u l b
p r ic e p a id
w a s
b id
o f
$ 2 ,0 1 1
A n g e le s .
D e n
S e p t . 2 4
f r o m
b o n d e d
d e b t a t
h o o l
D is t r ic t ,
L o s
A
o s
A n g e le s T r u s t C o .
id d e r o n S e p t . 2 4 f o r
$ 2 ,0 2 0 , o r 1 0 1 —
a b a s
w a s
a ls o
r e c e iv e d
f r o
o m in a t io n
$ 5 0 0 .
M
1 9 0 7
t o
1 9 1 0
in c lu s iv
p r e s e n t .
A s s e s s e d
v
n g e l e s c Ce o v ue nd t y u , n t C i l a l3 . — p . m .5,, bN y o v t .h e
i
B o a r d
o f L iq u id
o f L o s o A f n t gh ee l eC s i t w a Ds e b t f o r $ 7 5 0 , 0 0 0
y
5 %
c o u p o n c o u r t $ 2 ,0 0 0
5 %
b o n d s .
T h e
A u t h o r it y , A c t N o . 9 6 o f t h e
G e n e r a l A s s e m b ly
is o f a b o u t 4 . 5 7 1 % .
A
c
w ill
b e
d a t e d
J a n .
1
1
m
J .
W o . f P 1 h9 e0 l4 p . s
o S f e L uo rs i t i e s
a t u r it y
oM n a t u r i t y
s $e 5m 0 i0 - a n y n e u a a r ll . y
J a n .
1
1 9 5 5 ,
s u b je c t
e .
T h e . J a dn i. s t 1 r i c1 t9 0 h a u p no on
s
9
s ix t y
d a y s ’ n o t ic e , in
t h e r e v
a lu a t io n
$ 3 9 7 ,3 3 8 .
t h e ir is s u e .
C e r t if ie d
c h e c k
f o r
3 %
o f t h e
a m
L e e s b u r g , L o u d o u n
C o u n Bt oyn d s VN o t . A w a r d e d .—
,
a —
q u ir e d .
B o n d s
w ill b e
d e liv e r e d
a s
t h e
m o n
W e
a r e in f o r m e d
t h a t n o n e
o f t h e b id s r e c e iv e d
o n
S e p t . 2 4
t h a t
$ 1 5 0 ,0 0 0
w ill b e
d e liv
f o r
t h e
$ 3 0 ,0 0 0
4 j ^ %
2 0 - y e a r
c o u p o n
w a a en rd - w i to r i ks s e sb t oi mn da st e d
t
d e s c r ib e d in
V . 8 3 , p . 6 4 6 , c o m p lie d
w it h
t h i e r ee qq uu ai rl e p r e np to s r . t i o n s
m o
n
a b o u t
J a n .
1
a n d
J u ly
1
O u r
in f o r m a n t
a d d s
t h a t
b id s
f o r
t h e s e
b o 1 n9 d0 s8
aa tn d p a$ r 4 0 a0 n, 0d 0 0
in
1 9 0 9 .
A l l p a s t - d u e
in t e
a c c r u e d
in t e r e s t w ill b e e n t e r t a in e d
a t a n y
t im e .
w il l b e c a n c e le d
b e fo r e d e liv e r y .
M c A l e s t e r , I n d . B oen d . S a le .—
T
r —
O n O c t . 1 t h e $ 1 7 5 ,0 0 0
T h e o ffic ia l n o tic e o f th is bon d o ffe r in g w ill be fo u n d a m o n g
s c h o o l
a n d
t h e
$ 2 5 ,0 0 0
w a t e r
5 %
3 0 - y e a r
b o n d s
w e r e
a w a r d e d
t o
S p it z e r
&
C o . o f T o le d o
a t
1 0 3 the 2 a5d v ertisem en s i s elsew h ere i n th is D e p a r tm e n t.
.1
—
a b a ts
o f
a b o u t 4 . 8 0 % .
N e w
P h ila d e lp h ia , T u s c a r a w a s
C o B onn d y O f O h i
u
t ,
P r o p o s a ls
w ill b e
r e c e iv e d
u n t il
1 2
m .
M a d is o n T o w n s h ip
( P . O . M o o r e s B oi n lde S a l e .n— d .f e r i n g .—
v l
) , I
—
n
O n
S e p t .
2 9
t h e
$ 6 ,0 0 0
4 %
5 - 1 4 - y e a r
( s e T r i. a L ) . A o u u g p h o i n b ar eu g h , C i t y A u d i t o r , f o r $ 8 0 0 4 %
l
c
t
D e n o m in a t io n
$ 1 0 0 .
f u n d in g
b o n d s
d e s c r ib e d
in
V .
8 3 , p . 7 7 6 , wS e r r ee e ta w s ae rw d ee r d bt oo n d s .
s
a t
t h e
o ff ic e
o f
t h e
t h e
F a r m e r s ’ B a n k
o f M o o r e s v ille
a t 1 0 1
a n 1 9 0a 6c .c r u eI nd t e i nr et e tr p a y a b l e
d
Na l es w
P h ila d e lp h ia .
M a t u r it y
$ 1
e s t —
a
b a s is
o f
a b o u t
3 . 8 7 4 % .
A
b id
o f T 1 r u s0 t . e 2 e 0 s ' w i an s
0
o
S e p t . 1 f r o m
1 9 0 7 t o 1 9 1 6 in c lu s iv e
r e c e iv e d f r o m
S . A . K e a n
o f C h ic a g o .
N e w
Y o r k
C Bt oyn d — I s s u e s .—
i
.
T h e
f o llo w in g
is s u e s
M a lo n e , F r a n k lin
C o u n t y B o nN s. NYo t . S o ld — B o n d
,
d
—
p
Y o r k
C it y w e r e f f a k e n b
O ffe r in g .—
N o
a w a r d
w a s m a d e
o n
S e p t . 2 5
o f c to h r e o $r a2 t2 e 5 , s0 t 0 o 0 c k o f N e w
t h e m o n t h
o f S e
4 %
r e g is t e r e d
w a t e r - w o r k s
p u r c h a s e
b o n df us n d d e a s s c r a i bn e id n v ei ns t m e n t d u r i n g
Pur-pose.
Int. Rate.
M aturity.
Amount.
V .
8 3 ,
p .
6 4 6 .
Water supply_________________________
3
1925
S100.000 00
T em p ora ry L o a n . —
A
lo a n
o f $ 2 2 5 ,0 0 0
w a s r e c e Various municipal purposes--------------n t ly
n e g o
3
1955
36,120 21
3
• 1955
775,0C0 00
t ia t e d
w it h
t h e
K n ic k e r b o c k e r T r u s t
C o . o f Waterwsupply------------------------------------N e
Y o r k
C it y
a t 5 % .
L o a n m a t u r e s A p r i l 1 1 9 0 7 a n d w r a s m n aV d a e d id n i t ia o n n t i c t io
I
t h e
a b o v e
b o n d s ,
t h e
f o llo w
p a t io n
o f t h e
is s u a n c e
o f t h e
$ 2 2 5 ,0 0 0
4 %
r e go i ns td e s r ” e d ( t w ma t p e or r a r y s e c u r i t i e s ) w e r e i s s u e d :
b
e
w o r k s
p u r c h a s e
b o n d s
o ffe r e d
b u t n o t
s o ld
o n
S e p t .
2 5 ,
a s
Int. Rate. Amount.
Revenue bonds___________ _________ _
3
$600,000 00
s t a t e d
a b o v e .
5
3,100,704 14
Revenue bonds------------------------------ ---------------------$3,700,704 14
M e y e r s d a le ,
S o m e r s e t
C o u B o n d, S a le .— — W e
n t y
P a .
a r e
5
______
379,000 00
a d v is e d
t h a t t h e
$ 1 0 ,0 0 0
4 %
5 - 3 0 - y e a r
( o p Revenue bonds especial_______________
t io n a l) s w e r in g
a n d
p a v in g
b o n d s
d a t e d
J u ly
1
1 9 0 6 ,
w h ic h
t revenue bonds------------------------------------------079,704 14
b o r o u g h
Total h i s
h a s b e e n o f f e r i n g a t p a r a n d a c c r u e d i n t e r e s t , h Cao r peo r a te S to ck e A unt h o r iz e d .—
v
n o w
b
e
T h e
B o a r d
o f E s t im a t e
p la c e d .
F o r . d e s c r i p t i o n o f t h e s e s e c u r i t i e s s eA e p Vp o r 8t 3 o , n p m . e 5 n1 t3 . o n
.
i
S e p t . 2 1
a u t h o r iz e d
t h e
is s u
c o r p o r a t e
s t o c k
t o
m e e t d e f ic ie n c ie s
c a
M ia m i,
D a d e
C o u n t y B o nFd l S a. le .—
,
a —
W e
a r e
a d v 0 s 0e 0 d , 0 0 0
i
t a x e s .
T h is
a c t io n
w a s
t h a t t h e f iv e is s u e s o f 5 %
3 0 - y e a r c o u p o n b o cn o d l ls e ca t g e gd r e g p a e t r i sn o g n a l
t
t
C h a p t e r
2 0 8 ,
L a w s
o f
1 9 0 6 ,
$ 1 0 0 ,0 0 0
o ffe r e d
o n A u g . 2 0 h a v e b e e n
a w a r d h e e d at ou t th h o e r i F y o r o f
t
Oct. G 1906.j
THE
S49
C H R O N IC L E .
The Board of Estimate and Apportionment of the City of New York
shall on or before the first day of October, nineteen hundred and six.
authorize corporate stock of the City of New York to be Issued to an
amount eriuai to so much of the deficiency, on the first day of Januarj .
nineteen hundred and .ive. In the product of taxes theretofore levied ami
deemed by the board to be uncollectible, as shall mu have been provided
for ic. prior tax levies or by the Issue of corporate stock of the City of New
York. Such corporate stock shall be authorized to he Issued by the Hoard
of Estimate and Apportionment without the concurrence or approval of
any other board or public body.
N u e c e s
(!■ ■ B o ld . —
b r id g e
b o
C o m p t r o l
b o n d s o n
C o u n t y
( P .
O n
S e p t .
2 5
n d s d a t e d
J u n
le r .
T h e
S t
S e p t . 2 7
a t p
w a s g iv e n in
V . 8 3 , p . 7 1 (3 .
S e c u r it ie s a r e d a t e d
N o v
C o u p o n
b o n d s o f 8 1 ,0 0 0
e a c h
o r r e g is t e r e d
b o n d s o
8 5 .0 0 0 ,
8 1 0 ,0 0 0
o r
8 2 0 ,0 0 0
w ill
b e
is s u e d
a s
d e
c o u p o n
b o n d s m a y
b e c o n v e r t e d
in t o
r e g is t e r e d b o n
a b o v e
d e n o m in a t io n s
a t
a n y
t im e .
In t e r e s t
o
b o n d s w ill b e p a y a b le a t t h e C it y
T r e a s u r y o r a t t h e
C it y
B a n k
in
N e w
Y o r k
C it y ; o n
r e g is t e r e d
b o n d s b
M a t u r it y
N o v .
1
1 9 3 6 .
C e r t if ie d
c h e c
O .
C h r i B o n dl s RTe geis te r e d d e s i r e d .
s t i' ,
x . —
a t
t o
t h e C it y
'T r e a s u r e r ,
8 4 ,0 0 0
4 %
5 - 2 0 - y eo af r t h e o p m i o o n u a n l t) b i d , p a y a b l e
(
e
1 1 9 0 0 w e r e r e g i s t e r e R e bg yi n ta h , e S a a sDke b e n tu r e S a l e . —
d
S t t e . —
O n
S e p t .
1 5
8 1 8 0 ,0 0 0
a t e
S c h o o l
F u n d
e
e s
o p f u r t c h h e a s 8 3d 6 0 , t0 }hn0 > 0% e 4d e b e n t u r e s
( t h r e e
is s u e s )
d e s c r ib
a r a n d
a c c r u e d
i n t e r e is n t . V . S 3 ,
p . 4 5 6 , w e r e
a w a r d e d
t o
N a y , A n d e r s o n
o u n Bond N a. l e . Y . — e R e g i n a
t y ,
S
—
W
f o r 8 1 7 5 , 7 1 7 , o r 9 7 .6 2 .
ld
p o r t io n
o f
t h e
8 5 ,0 0 0
c o u p o n
R id le y
P a r k ,
D e la w a r e
C .— u o n tdy O f f ePr i n g . —
o Bn
,
a
n
S e p t .
6 ,
w h ic h
a m o u n t e d
t o
P r o p o s a ls
w ill
b e
r e c e iv e d
u n t il
6
p .
m .
O c t .
9
b
e d .
A n t h o n y , C h ie f B u r g e s s , f o r t h e
8 2 2 ,0 0 0
4 %
3 0 - y e a
P a u ls b o r o ,
G lo u c e s t e r
C o u n Bond N f.f e r iJn g .——
t y ,
O
.
s e w e r
a n d
s t r e e t - im p r o v e m e n t
b o n d s
v o t e d
o n
P r o p o s a ls
w ill b e r e c e iv e d
u n t i l 4 p . m . O c t D. e 1 n 7 o m y i n a t i i ol l ni a m 8 1 , 0 0 0 .
b
W
D a t e
O c t .
1
1 9 0 6 .
I n t e r
H .
F lo w e r s .
B o r o u g h
C o lle c t o r
a n d
T r e a s ua rn e n r u, a fl lo y r ’ a 8 t 4 5 h, 0 e 0 0F i r s t
t
N a t io n a l B a n k
o f C h ic a g o .
B
w a t e r
a n d
8 2 5 ,0 0 0
g a s
4 %
c o u p o n
b o n d s . e x e Am u p t t h o r ro i m y , a al l n t a x e s .
t
f
C e r t if ie d
c h e c k
f o r $ 1 ,0 0 0
A c t
o f t h e
L e g is la t u r e
a p p r o v e d
A p r il 2 4
1 t 8 o 9 7 F .a n P . a L e e w n id s ,
d
m
B o r o u g h
T r e a s u r e r ,
is
r e q u ir e d .
m e n t s
t h e r e t o .
D e n o m in a t io n
8 1 ,0 0 0 .
D a d t ee b tN , o v i n. c 1l u d 9i n0 g0 .
1
t h is
is s u e ,
$ 8 0 ,0 0 0 .
A s s e s s e d
In t e r e s t s e m i- a n n u a l.
M a t u r it y
t h r it y
y e a 8r s1 . . 3 4 3A . c0 c0 r 0u . e d
in
t e r e s t t o
b e p a id
b y
p u r c h a s e r .
R o c h e s t e r ,
N . T eYm .p- o— a r y L o a n . —
r
O n
S e p t .
2 6
t h e
P h ila d e lp h ia ,
Loan. — Bill Signed.— T h e
P a
M a y o r
o il
C it y
C o m p t r o lle r
r e c e iv e d
t h e
f o llo w in g
b id s
f o r
S e p t . 2 8 s ig n e d
t h e
b ill r e c e n t ly
p a s s e d
b y
t h e
C it y ’ C o u n c ils
8v- m m o nb te h r s e wl e ac tt ei o r n- i m p r o v e m e n t n o t e s :
s u b m it t in g
t o
a
v o t e
o f t h e
p e o p le
a t t h e N o
e
Bond & Goodwin. Boston (S3 r e m iu
___________________ .7 5 %
t h e
q u e s t io n
o f is s u in g
8 1 3 ,5 0 0 ,0 0 0
b o n d s Rochester lTrust s & Safe DepositpCo. (Som )-...___ ).. _______ ________ 5 .00 %
a s
f o l o w
:
prem ium
6
P a
a r e
s id e
8 4 , 3
in t e d
P o s t ,
S t e
a d v is e d
t h a t
t h
w a lk
b o n d s
o f f
7 5 . h a v e n o w
b e
u b e n
C
e
u n s o
e r e d
o
e n
p la c
Filtration, including redemption of S t,200,000 temporary loan
tsce Item below . Sofia,000 for repair of pumps and ma
chinery and completion of filtration plant $2.800,000______ $4,500,000
Improved street paving_________________________________________
1,500.000
Construction of main sewers____________________________________
1,000,000
500,000
Construction of branch sewers___________________________________
Construction of new bridges______________________________________
1,000,000
Removal of downtown grade crossings__________________ _____
1,000,000
Purchase and improvements of small parks____________________
500,000
Purchase and improvement of wharves_____ ____________________
500,000
Police, fire and bath-house sites and buildings____ _____________
400,000
Grading of streets________________________________________________
450.000
Paving of street intersections______________________________ _____
200,000
Completion of City Hall__________________________________________
300,000
Purchase and laying of water pipes______________________ _ _ _
200,000
Completion of South Broad Street Boulevard___________________
150,000
Sewage disposa, plant, House of Correction. & c________________
150,000
Continuation of high-pressure fire main, centre of city_________
150,000
Widening Delaware Avenue______________________________________
1,000,000
T o t a l----------------------------------------------------------------------------------------- $13,500,000
Goldman, Sachs & Co.. New Y o r k .__________ _____________________ .6 .7 5 %
Broadway Savings Institution (for S 25.000)____ . . . ______ _______ 6 .00 %
T h
C o m
h e d
w ill
e r e
n o t
b
p t r o lle r
o
id
t o
B o n
b e a u t h o r i
R o c
p e r m
2 8
( V
C h ic a
f o r t y
D a t e
1 9 2 6 ,
e in g
a
q u o r u m
o f t h e
A ld e r m e n
p
n ly ’ h a d
a u t h o r it y
t o
a w a r d
8 1 0 0
d
&
G o o d w in
o f B o s t o n .
T h e
o t h
z e d a t t h e n e x t m e e t in g o f t h e C o m m
k f o r d ,
1 B o n— S a l e .—
1 1 . d
O n
S e p t .
a n e n t - im p r o v e m e n t b o n d s o
.
8 3 , p . 2 9 0 ) w e r e
a w a W d. e H d
r
g o
f o r
$ 6 0 ,1 0 0
( 1 0 0 .1 6 6 )
a
b o n d s
o f
$ 1 ,0 0 0
e a c h
a n d
A u g . 1 1 9 0 6 .
In t e r e s t s e m
s u b je c t t o
c a ll a f t e r A u g .
R o g e r s
( T e x . )
In d e p e n d e n t
4
t h e
S 6 0 .0 0 0
ff e r e d
b u t n o t
a tr or i s N &
.
C o . o f
n d
in t e r e s t .
D
f o r t y ’ b o n d s
o
i- a n n u a l.
M a
1
1 9 1 6 .
r e s
,0 0
e r
o n
4 %
s o ld
e n o
f
$ 5
t u r i
S c h o B ol n dDs Rs e g r i c t . —
o
i t
S t a t e
C o m p t r o lle r
o n
S e p t .
.— The city has borrowed for four months is te r e d a n d S o ld ..-— T h e
$ 1 2 ,9 5 5
5 %
s c h o o l- h o u s e
b o n d s
o f
t h is
from local banks and trust companies, at 4% interest, r e g i s t e r e d
2 7
1 9 0 6 .
M a t u r it y
t w e n t y
y e a r s ,
s
81.200.000 for filtration purposes. The payment of this d a t e d J u l y
5 , 1 0
a n d
1 5
y e a r s .
O n
S e p t . 2 5 t h
loan will be met by the issuance of bonds to be voted upon in c a l l a f t e r
w e r e
p u r c h a s e d
b y
t h e
S t a t e
o n a 4 j/ £ %
b a s is
a n d
November, as stated above.
Pike County (P. O. Troy), A la .— B o n d O f f e r i n g — Pro i n t e r e s t .
posals will be received until Oct. 22 by A. C. Edmonson,
S a g in a w ,
M — i B o n .d O f f e r i n g .—
c h
P r o p o s a ls
w ill
b e
r e
Judge of Probate Court, for from $25,000 to $50,000 4)A% c e i v e d u n t i l 2 p . m . O c t . 8 b y W m . S e y f f a r d t , C o n t r
gold coupon road bonds. Denomination SI .000. Interest 8 1 8 . 0 0 0
4 %
s e w e r
b o n d s .
D e n o m in a t io n s :
1 0
January and July in New York City or Chicago. Maturity 8 2 0 0 e a c h , 1 0 b o n d s o f $ 1 , 0 0 0 e a c h a n d
1 0
b o n d s
thirty years. Bonds are exempt from taxation.' Certified e a c h .
D a t e
S e p t .
2 5
1 9 0 6 .
In t e r e s t
s e m i- a n n u a l
check for $500, payable to the Judge of the Probate Court, o f f i c e o f t h e C i t y
T r e a s u r e r
in
S a g in a w
o r
a t
t h e
is required.
o f f ic ia l b a n k
o f t h e
c it y
in
N e w
Y o r k .
M a t u r it y
B o n d s a r e
e x e m p t f r o m
a ll M ic h ig a n
t a x e s
Port Elgin, Ont .— D e b e n t u r e s N o t S o l d .— No award was y e a r l y .
made on Oct. 1 of the $30,000 4}A% water-works debentures f i e d c h e c k o n a S a g i n a w b a n k o r N e w Y o r k d r a f t f o
and the 82,500 4)4% debentures offered on that dav. See t h e b o n d s b i d f o r , p a y a b l e t o t h e C i t y T r e a s u r e r , i s r
V. 83, p. 776.
A c c r u e d
in t e r e s t t o
b e p a id
b y
p u r c h a s e r .
S t . B e r n a r d , O B oi n d. — f f e r i n g .—
h o
O
P r o p o s a ls w ill b e
r e
Portsmouth, Va — B o n d s A w a r d e d i n P a r t .— On Sept. 28
u n t il
1 2
m . ,
N o v .
1 ,
b y
G e o r g e
S c h r o d e r
813.000 oi the 842,000 4% 30-y’ear coupon school bonds c e i v e d
( P .
O .
S t a t io n
1 7 ,
C in c in n a t i)
f o r
$ 4 ,0 0 0
4 %
described in \ . S3, p. 587, were awarded to the Merchants C l e r k
b o n d s .
A u t h o r it y ,
S e c t io n
2 8 3 5
o f
t h e
< Farmers’ Bank of Portsmouth at par. We are advised w o r k s
fc
D e n o m in a t io n
$ 5 0 0 .
D a t e
A u g . 1
1 9 0 6
that no award was made of the balance of the school bonds S t a t u t e s .
and of the $10,000 4% 30-y’ ear coupon street-improvement e s t s e m i - a n n u a l l y a t t h e F i r s t N a t i o n a l B a n k i n
P la c e .
M a t u r it y
A u g .
1
1 9 3 6 .
P u r c h a s e r
t o
p a y
bonds offered on the same day.
Port Tampa City, Hillsboro County, Fla .— B o n d s V o t e d — i n t e r e s t .
S a n
F e r n a n d o
U n io n
H ig h
S c h o o l D i s t r i c t ,
L o s
B o n d O f f e r i n g .— The election Sept. 11 resulted in a vote of
—
34 to 4 in favor of issuing the 815,000 5% gold boulevard- C o u n t y , C aB lo. n d S a l e .— O n S e p t . 2 4 t h e B o a r d o f S u p e r
b o n d s
t o
t h e
L o s
A n g e l
extension bonds mentioned in V. 83, p. 515. Proposals for v i s o r s a w a r d e d $ 4 , 0 0 0 5 %
these bonds will be received until 8:30 p. m. Oct. 16 by C o . o f L o s A n g e l e s a t 1 0 1 . 2 7 5 — a b a s i s o f a b o u t
M a t u r it y
$ 1 ,0 0 0
y e a r t y
o n
James G. 5 eats, City' Clerk. Authority Chapter 5084, Laws D e n o m i n a t i o n 8 1 , 0 0 0 .
1 9 0 7 t o
1 9 1 0
in c lu s iv e .
of 1901. Denomination SI ,000. Date* Nov. 1 1906. Inter f r o m
est -• mi-annually in Port Tampa.
Maturity Nov. 1 1926.
S a n
G a b r ie l S c h o o l D i s t r i c t ,
L o s
A n g e le s
C o u n t y
Certified check for 8300, payable to the City Clerk, is re B o n d S a l e .— O n S e p t . 2 4 $ 8 , 0 0 0 5 %
b o n d s w e r e
a w a r d
quired. Bonded debt this issue. Assessed valuation 8332,- • J . \ \ . P h e l p s o f t h e A m e r i c a n N a t i o n a l B a n k o f L o s
524. Advertisement states that the city’ has never defaulted a t 1 0 3 . 2 1 2 — a b a s i s o f a b o u t 4 . 4 2 4 % .
D e n o m in a t io n
on any principal or interest and that there is no controversy M a t u r i t y 8 1 , 0 0 0 y e a r l y o n S e p t . 2 4 f r o m
1 9 0 9
t o
threatened or pending.
c lu s iv e .
Poteau, Ind. Ter .— B o n d s V o t e d .— This place has voted in
S a n
L u is
O b is p o
C o u n t y
( P . O . S a n
L u is
O b is p o )
favor of issuing 830.000 water-works bonds.
B on d S a le . —
O n
S e p t . 4
t h e
t h r e e
is s u e s o f 5 %
g o ld
c o
Preble County (P. O. Eaton), Ohio . — B o n d S a l e — On w h a r f
b o n d s
a g g r e g a t in g
8 9 0 ,0 0 0 ,
d e s c r ib e d
in
V
N .
W . C oH . a or rf i s L o s
&
A n g e le s
sept. 22 81.349 4% ditch bonds were awarded to the Preble 2 9 0 , w e r e a w a r d e d t o
a n d
in t e r e s t — a
b a s is
o f
a b o u t
4 . 3 0 %
County National Bank of Eaton for 81,352 25. A bid of a t 1 0 5 . 2 6 3 1
par was also received from the Eaton National Bank of Eaton. o p t i o n a l d a t e a n d
4 . 5 1 %
t o
f u ll
m a t u r it y .
Denominations: four bonds of S200 each, one bond for $314
S c r ib n e r ,
D o d g e
C o u n t yBond Sale.—
,
N e b . — T h is
v illa in
and one bond for $235. Date Sept. 22 1906. Interest h a s a w a r d e d
t h e
$ 2 0 ,0 0 0
w a t e r
a n d
8 6 .0 0 0
lig h t
5
March and September. Maturity’ part due each six months y e a r ( o p t i o n a l ) r e g i s t e r e d b o n d s , d a t e d A u g . 1 1 9 0 6
for two years.
o n
S e p t . 1 5
( V . 8 3 , p . 5 8 7 ) to t h e
A . O . U . W . a t p
Princeton School District (P. O. Princeton;, Gibson
S o u t h
P a s a d e n a
S c h o o l (P. i Os t r iS c o t u t h
D
.
P a s a d e m i
,
County, In d . — B o n d S a l e .— Reports state that this district L o s A n g e l e s C o u n t y B o nCd a El l.e— t i o n .— T h i s d i w r i c i ,
,
c
has awarded an issue of $10,000 school bonds at 101.28.
;s
s t a t e d ,
lia s
d e c id e d
t o
v o t e
O c t .
1 2
o n
t h e
is s
Providence, R. I . — B o n d O f f e r i n g .— Proposals will be re 8 1 0 . 0 0 0 b o n d s .
ceived until 12 in. Oct. 15 by Walter L. Clarke, City Treas
S t o c k t o n ,
S a n
J o a q u in
C o u Bond , O ffC r ai nl g .——
n t y
.
urer, for the 8300,000 4% highway and 8350.000 4% sewer P r o p o s a l s w i l l b e r e c e i v e d u n t i l 2 p . m . O c t . 2 2 b y
gold (coupon or registered) bonds a description of which 1 R u t h e r f o r d , C i t y C l e r k , f o r t h e f o l l o w i n g b o n d s :
T em p ora ry L o a n
THE CHRONICLE
850
$30,000 4% 1-40-year (serial) gold coupon rain-water-sewer bonds.
nomination $750.
10,000 4% 1-40-year (serial) gold coupon sanitary-sewer bonds.
nomination $250.
De
De
The above bonds will be dated Nov. I 1906. Interest
semi-annually at the office of the City Treasurer. Bonds
are exempt from all taxes. Certified check for 5% of the
amount bid, payable to M. J. Gardner, Mayor, is required.
Strasburg, Tuscarawas County, Ohio.— B o n d O ffe r in g .—
Proposals will be received until 1 p. m. Oct. 20 by J. P.
Miller, Village Clerk, for $2,000 5% refunding bonds. Au
thority Section 2701 of the Revised Statutes and Ordinance
No. 44, passed July 6 1906. Denomination $1,000. Date
Oct. 20 1906. Interest semi-annually at the office of the
Village Treasurer. Maturity Oct. 20 1919. Cash or certi
fied check on a Strasburg bank for 5% of the bonds bid for,
payable to the Village Treasurer, is required. Bonded debt,
including this issue, $10,000; floating debt, $2,000. As
sessed valuation for 1906, $190,940.
Strathcona Public School District No. 218 (P. O. Strathcona, Alta.— D eb en tu re S a le . — On Sept. 4 the $15,000 5%
1-30-year (serial) coupon school-building debentures de
scribed in V. 83, p. 342, were awarded to the National Trust
Co., Ltd., for $15,467 and accrued interest.
Sumter County (P. O. Sumter), So. Car.— B o n d S a le .—
On Oct. 2 the $30,000 15-year coupon court-house bonds
described in V. 83, p. 716, were awarded to E. P. Ricker
for $30,200 or 100.666 for 4J^s—a basis of about 4.439%.
Topeka, Shawnee County, Kan.— B o n d S a le . — This city
recently awarded $20,000 4>^% 20-year coupon refunding
bonds dated Aug. 1 1906 to Weil, Roth & Co. of Cincinnati
at 101.
Troy, N. Y .— T e m p o r a r y L o a n . — This city on Sept. 21
awarded $150,000 4% revenue bonds (temporary securities)
to the Troy Savings Bank at par and interest. Loan is
dated Sept. 21 1906 and matures Oct. 20 1906.
B o n d S a le . — On Sept. 28 $24,600 4% voting-machine
bonds were awarded, it is stated, to the United States Stand
ard Voting Machine Co. of Rochester at par.
Tucson School District (P. O. Tucson), Pima County,
Ariz.— B o n d E le c t io n . — This district will hold an election Oct.
f V OL. LXXXI1I,
r
9 for the purpose of voting on the proposition to issue the
$50,000 4V2% 20-year bonds mentioned in V. S3, p. 516.
Uniontown, Fayette County, Pa .— B o n d O ffe r in g . — Ohas.
F. Kefoven, Borough Solicitor and Secretary, is offering at
private sale the $80,000 building and $50,000 street-improve
ment 4% coupon bonds voted on July 31. Denomination
$500 and $1,000. Date Oct. 1 1906. Interest semi
annually at the Borough Treasurer's office. Maturity
Oct. 1 1930. Bonds are free from taxation.
Upper Dublin Township School District (P. O. Maple
Glen;, Montgomery County, Pa .— B o n d S o l e .— On Sept. 26
the $16,000 4)^% building bonds, offered but not sold on
Aug. 18, were awarded to Westling, Jones & Emmett of
Philadelphia at 101.25. Denomination $500. Date Oct. 1
1906. Interest semi-annual. Maturity yearly from five
to thirty years after date.
Utica, Hinds County, Miss .— B o n d S a l e .— This town, it is
stated, recently awarded an issue of water-works bonds to
the Bank of Hazlehurst.
Utica, N. Y .— B o n d O ffe r in g .— Richard W. Sherman,
Mayor, and J. A. Cantwell, City Clerk, will sell at public
auction 12 m., Oct. 8, $50,000 4% registered storm-waterdrainage bonds. Authority, Chapter 188, Laws of 1906,
and resolution adopted by the Common Council Sept. 7 1906.
Denomination $5,000. Date Oct. 1 1906. Maturity $5,000
yearly -on Oct. 1 from 1916 to 1925 inclusive. Successful
bidder will be required to deposit a certified check on a
national or New York State bank or trust company for 5%
of the bonds bid for, payable to the City Treasurer.
Utica, Licking County, Ohio .— B o n d O ffe r in g .— Proposals
will be received until 12 m. Oct. 8 by E. L. Mantony a,
Village Clerk, for $2,000 6% coupon street-improvement
bonds. Authority Section 2835 of the Revised Statutes.
Denomination $250. Date Oct. 8 1906. Interest semi
annually at the Village Clerk's office. Maturity $250 each
six months from March 1 1907 to Sept. 1 1910 inclusive.
Bonded debt including this issue, $7,500.
Wabash, Wabash County, In d .— B on d S a le .— On Oct. 3
the $20,000 4% 53^-year (average) coupon funding bonds
described in V. 83, p. 778, were awarded to Breed & Harri-
N E W LOAMS.
N E W LOANS.
N EW LOANS.
^ 10,000
g750,000
# 3 0 ,0 0 0
4% C oup on Bonds
COURT HOUSE BONDS
Cascade County, Montana, City of New Orleans, La,, Parish of East Oarroll, La,,
SCHOOL BONDS
w il l
b e
r e c e iv e d
N o t ic e
is
h e r e b y
g iv e n
t h a t ,
I n
p uH r s E u a cB e O o f R D
T
A
O F
L I Q U I D A T I O N S e a Ol e Fd
T pH r oE p o s a l s
P o lic e
J u r y
o f
t h e
P a r i s h
o f
E a s t
C a
t h e
p r o v s io n s
o f
A r t ic le
3 ,
C h a 2, t eC r I T 2 Y
p
,
T D t lE e B T
i
o f
N e w
O r le a n s ,
in
p u r s u a n c e
o f
u n t i l
n o o n ,
o n
T u e s d a y ,
N o v e m b e r
P a r t
4 , o f t h e
P o li t ic a l C o d e
o f t h e
S t a t e
o f M o n
A c t
N o .
9 6
o f t h e
G e n e r a l A s s e m b ly
o f L o u is i a n a
f o r
t h e
p u r c h a s e
o f
s i x t y
n e g o t ia b le
t a n a ,
a n d
o f
t h e
o r d e r
m a d e
b y
t h e
B o a r d
o f
o f
1 9 0 4 ,
a s
c o n s t r u e d
b y
t h e
S u p r e m e
C o u r t
o f
p e r
c e n t
c o u p o n
P u b l ic
S c h o o l- H o u
C o u n t y
C o m m is s io n e r s
o f C a s c a d e
C o u n t y ,
S t a t e
L o u is i a n a
in
t h e
s u it
o f W
.
S .
B e n e d ic t
e t a l.
v s .
o f
s a id
p a r is h ,
a g g r e g a t in g
$ 3 0
o f
M o n t a n a ,
a t
a
r e g u la r
m e e t in g
o f
s a id
B o a r d
T h e C it y o f N e w
O r le a n s , 3 9 t h
S o u t h e r n
R e p o r t e r ,
O c t o b e r
1 ,
1 9 0 6 ,
m a t u r in g
in
s ix
h e ld
o n
t h e
5 t h
d a y
o f S e p t e m b e r ,
1 9 0 6 , t h e
s a id
p p .
7 9 2 ,
7 9 8 ,
a f f ir m in g
t h e
c o n s t i t u t i o n a l it y
a n d
3 4 M
y e a r s
f r o m
d a t e ,
s e c u r e d
b y
d e
B o a r d
o f C o u n t y
C o m m is s io n e r s
w il l
o n
t h e
3 1 s t
le g a li t y
o f
s a id
le g is la t io n ,
w il l
r e c e iv e
s e a le d
p r o c e e d s
o f le v y
o f s p e c ia l
o n e
m il l
t a
d a y
o f
O c t o b e r ,
1 9 0 6 ,
a t
t w o
o ’c lo c k
p .
m .
o f
b id s
o r p r o p o s a ls
f o r
t h e
p u r c h a s e
o f $ 7 5 0 , 0 0 0
0 0
iz e d
b y
v o t e
o f
p r o p e r t y
t a x - p a y e r s
s a id
d a y , a t t h e
o f f ic e
o f s a id
B o a r d
in
t h e
C o u r t
o f C o u r t H o u s e
B o n d s o f t h e C it y
o f N e w
O r le a n s .
h e ld
o n
S e p t e m b e r
1 8 ,
1 9 0 6 .
a n d
b y
H o u s e in
t h e C it y
o f G r e a t F a l l s , C a s c a d e C o u n t y
T h e
s a id
b o n d s
w il l b e
d a t e d
J a n u a r y
1 ,
1 9 0 5 ,
o f
P o lic e
J u r y
a d o p t e d
S e p t .
1 9 ,
1 9 0
M o n t a n a ,
u n d e r
a n d
b y
v ir t u e
o f
a
r e s o lu t io n
p a y a b le
f if t y
y e a r s
a f t e r
d a t e ,
w 10 t h
i
t h e
r ig h t
f o r m i t y
t o
A r t ic le
2 3 2
o f
t h e
C o n s t i
d u l y
a d o p t e d
b y
s a id
B o a r d
a t a
r e g u la r m e e t in g
c a ll s a id
b o n d s
f o r
r e d e m p t io n
a f t e r
J a n u a r y
1 ,
t o
A c t
N o .
8 4
o f 1 9 0 6
o f t h e
A c t s
o f t
t h e r e o f h e ld
o n
t h e
5 t h
d a y
o f S e p t e m b e r ,
1 9 0 6 ,
1 9 0 9 , in
t h e r e v e r s e o r d e r o f t h e ir is s u e , u p o n s ix t y
A s s e m b ly
o f
L o u is i a n a .
a t
t h e
a f o r e s a id
o f f ic e
o f s a id
B o a r d ,
s e ll c o u p o n
d a y s ’
n o t ic e
i n
t w o
d a i ly
n e w s p a p e r Ns o p b b d l i s f ho er d b o n d s
u i
e n t e r t a in e d
f o r
le s s
b o n d s
o f
s a id
C o u n t y
t o
t h e
a m o u n t
o f
T E N
in
N e w -. O r le a n s .
a n d
in t e r e s t
a c c r u e d
t h e r e o n
a t
d a t e
T H O U S A N D
D O L L A R S ,
d r a w in g
in t e r e s t
a t
T h e y w il l b e a r f iv e p e r c e n t p e r a n n u m
in t e r e s t ,
o f
b o n d s .
t h e r a t e o f f o u r 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
p a y a b le
s e m i- a n n u a lly
o n
t h e
f ir s t
d a B y i d o d f e r sJ a na u e
r
r e q u ir e d
t o
d e p o s it
t h
a n n u a l ly
o n
t h e
f ir s t d a y
o f J a n u a r y
a n d
t h e
f ir s t
a r y
a n d
t h e
f ir s t
d a y
o f
J u l y
o f
e a $ c 5 h 0 0 y e i a r mf r o m e y
n
o n
o r
in
a
c e r t if ie d
c h e c
d a y
o f J u l y
o f e a c h
y e a r , w h ic h
b o n d s
w ill b e
o f
tS h A e N r D i s s u D a n c Le u n t i l t h e
i
m a t u r it y
o f b t a h n e k b i on n dt h, e o rt o w n
o f P r o v id e n c e ,
L a . ,
t h e
d e n o m in a t io n
o f
O N E
T H O U
O
t
c a ll.
a n t y
o f g o o d
f a it h
a n d
t h a t
t h e
b id
s
L A R S
e a c h ,
a n d
s h a ll
b e
p a y a b l e b t yw e i t n s t y r e y i er e rm s e n t u n d e r
a
A , l l h p o a ws te - vd e u r e,
in t e r e s t
c o u p o n s
o n
a sl lu cb c o e n s ds sf u sl ,o l d w i l l
b e
f u l f i ll e d
in
a c c o r d
a f t e r
t h e
d a t e
o f t h e ir
is s u e ,
p r o v id e d
w il l
b e
c u t
o ff
a n d
c a n c e le d
b e f o r te h e d e t le i vr m r s y
e
th o e r e o f ,
t
s u c h t o d b e e p o f s o i tr f e i t e d
t h a t s a id
b o n d s
s h a ll b e r e d e e m a b le
a t t h e
o p t io n
e
t o
t h e
P a r i s h
o f
E a s t
C a r r o ll
a n d
t o
o f s a id
C o u n t y
o f C a s c a d e , a t
a n y
t t i hm e e p au fr tc e h r a st e nr s .
T h e
b o n d s
w il l b e
s o ld
a t
t h e
h i g h pe rs ot p p e r re t my i ui nm
c o m p e n s a t io n
f o r
lo s s
a n d
y e a r s
f r o m
t h e
d a t e
t h e r e o f .
n o
s a le
w il l b e
m a d ea t at et n l e si ns g t h a hn e
d
t
s a le
o f
s a id
b o n d s
a n
T h e
s a id
c o u p o n
b o n d s w il t b e
m a d o e b pt aa i yn aa bb l l ee , a ta n d
c
in t e r e s t .
d a t e d
d a m a g e s
f o r
r e p u d ia t io n
o f
b i
a n y
N a t io n a l
B a n k
d e s ig n a t e d
b y pt ha er a nu dr c ha a cs re u r e d
p
b e
d e liv e r a b le
a s
tt hh ee
m u oc nc e y s f i u l b i d d e r s h a l l r e p u d i a t e
e s
s
s
t h
t h e r e o f a n d t h e s a id
C o u n t y o f C a s c a d e T w h e l l bd oe nl i dv se r w i l l
i
e
t h e
p r o g r e s s
o f t h e
w oo r r k
ao g f r eb e u m i l d n t
e
o r
r e f u s e
t o
a c c e p t
a
s u c h
b o n d s
a t s a id
b a n k
t o
t h e
o r d e nr e o fd es da i d d u p r ui n r g
c n d
h o u s e V a n d
i t
is
e bs to i m d a s t e d o
t s h o a l dt .
n
s
c h a s e r
p r o v id e d
t h a t
t h e
in t e r e s t
o i n g s a t i hd e b o o u rs t
n
b e
d e liv e r e d
in
1 9 0 T 7 h , e i n r i g e h q t us a l t o
r e je c t
a n y
a n d
a l l
b i
s h a ll b e
p a y a b le
a t
t h e
o f f ic e
o f t h e $ 1T 5 r 0e , a0 s0 u 0 r e 0 r 0 o w i l l
f
p p r ro o p p o o r st a o l sn s , f o a r b o u t t h e
i
f i r s t d a y s o f aJ ca c n e u p a t r y n y a n p d r o p o s a l w i t h i n
a
1 5
d a y s
a f t
s a id
C o u n t y
o f
C a s c a d e .
S e a le d
$ g
0 0
in
t h e
s a m e
m a nt hn ee r b i i nd s 1 a9 r0 e S , r e s e r v e d .
t h e
p u r c h a s e
o f
s a id
b o n d s ,
s u b j e c J t u l ty o ; l e 2 0a 0l i , t0 y 0 , 0
0 0 , in
t h e s a B m i de d me r a s n n m e u s t
r
s a t i s f y
t h e m s e lv e s
a s
t
w il l
b e
r e c e iv e d
u p
t o
t h e
t im e
o f a s na dl e ,t h e c b t ao l ba en r c e , $ 4 0 0 , 0 0 0
O
o f b o n d s b e f o r e
b id d in g .
3 1 s t , 1 9 0 6 , 2 o ’ c lo c k
p . m . , a n d
t h e i n a 1r 9 y0 9 o . r p a r
p
t
'
d
w il l b e
r e c e E i vn e v d e l o n d e r c o n t a i n i n g
u p e s
b id s
m u s t
b e
s
t ie s
o f f e r in g
h ig h e s t
b id
a n d
p r ic e
t Sh e e a r le e f d o r b i w s i l l o r p r o p o s a l s
t
a t
t h e
r o o m s
o f e t nh de o rB s o d r: d
r e c e iv e
t h e
b o n d s .
A
N e w
Y o r kt h i sD ra a d f vt e r o i rs e m e n t
a
e a
“ o Bf i d s
f o r
B o n d s . ”
L
t h e
C it y
D e b t ,
in
t h eF o C r i t fy u r H h a e l rl , i n f o r m a t i o n
t
a d d r e s s :
c h e c k
c e r t if ie d
b y
a
b a n k
o f
t h e
C ii qt yu i d o af t i Go rn e a o t f
t
w
u p
t o
t h r e e
o ’ c l o C c . k S p. . W m Y. , L Y ,
S e c r e t a r y
P o lic e
J u r
F a lls ,
p a y a b le
t o
t h e
o r d e r
o f t h e
C C o i u yn t o f T N r ee a s O r l e a n s ,
y
b
1 9 0 6 .
S a m e
m u s t
b e
a d d r e s s e d
L a k e
P r o v id e n c e ,
L a
u r e r o f C a s c a d e
C o u n t y , M o n t a n a , t oN ot hv ee m a m e o r u n 5 t ,
d
o f t h e
C it y
D e b t .
o f
F I V E
H U N D R E D
D O L L A R S B o a u r s t o bf e L i dq eu i d a t i o n
m
m u s t
a c c o m p a n y
h is
p r o p o s a l
p o s it e d
w it h
t h e
C o u n t y
T r e a s u r e r
a E f ao cr eh s a i bd i d bd ye r
c h e c k
f o r
3 %
o f
t h e
a m o u n t
o f
e a c h
b id d e r
a s
a
g u a r a n t y
o f
g o o w i tf h i t a . c e r Tt ihf ie e d
d
a
h
c o m p lia n c e
t h e r e w it h
a n d
t h e
s a id ^ B o a r d
o f C o u n t y
C o m m i s s i o n e r s h ir s e s b ri dv e st o t h i en s u r e
e
c
b o n d s
w h e n
t e n d e r e d .
r i g h t
t o
r e je c t
a n y
o r
a l l
b id s .
B a i d cs e ps th a o n u c l ed o b f e t h e
o
L iq u id a t i o n
o f
t h e
C it y
D e b t
m a r k e d
“ B I D S
O N
B O N D S ’ ’
a n d
aT d h d e r e s B s e da r dt o o f
t
t o
r e je c t
a n y
a n d
a l l b id s .
F r e d . L . H i l l , C le r k
o f t h e
B o a r d
o f r Ce so e u r nv e ys C h o e m r i g h t
t
etroit
m is s io n e r s ,
G r e a t
F a l l s ,
C a s c a d e
C o u n t y ,
M o n
t a n a .
ew ork
hiladelphia
B y
o r d e r
o f
t h e
B o a r d
o f
C o u n t y
C o m m is
s io n e r s
o f
C a s c a d e
C o u n t y ,
M o n t a n a .
H. W NOBLE &
.
CO MP A N Y .
D
N
F
C
o u n t y
C
le r k
R
E
a n d
D
L
C
.
le r k
H
o f
I L
L
,
s a id
MacDonald, McCoy &Go,,
MUNICIPAL
AND
CORPORATION
BO N D S .
181 La Salle Street, Chicago.
A F in a n cial C o u rtsh ip
B o a r d .
Or a Plea for Conservative'
Investments
( B
y
F r a n k
W
.
R o llin s )
The above book will be furnished
w i t h o u t cost on application to
E. H« ROLLINS & SONS, 21 Milk
St , Boston,
Y
.
.
P
M UN ICIPAL
A
N
.
D
P U B L IC S E R V IC E CO RPO RA TIO N
BONDS.
BONOS S T O C K CERTIFICATES
Engraved on steel or lithorgaphed, or
partly printed and partly lithographed.
Book of 100 certificates, steel-plate
border, and seal press, $15: cheaper
styles as low as S2 50 for a book of 50.
ALBERT B«KIK(x & CO., 206 Broadway, N .Y
O c t . G 1906.]
851
T H E CHRONICLE.
$2,500 5"5 1 - 10 -year (serial) North Walnut Street pavlug bonds. De
nomination $250.
1.800 -1";, 5-year College Avenue paving (city's portion) bonds. Denomi
nation $450.
son of Cincinnati at 101.906 and accrued interest— a basis of
about 3.60%. Following are the bids:
B r e e d & H a r r is o n . C lu o ln .5 2 0 .3 8 1 25 S . A . K e a n . C h i c a g o . . .
J .F .W l l d & C o ., I n d l a n a p . 2 0 .2 8 5 .5 0 ]
$ 2 0 ,0 2 0 00
The above bonds will bo dated Oct. 15 1906. Interest
semi-annual. Certified check for 5% of the bonds bid for,
payable to the City Treasurer, is required. Accrued interest
to be paid by purchaser.
Yakima County (.Wash.) School District No. 80.— Bond
Sale.— On Sept. 29 the $3,700 10-year coupon school-building
bonds, a description of which was given in V. S3, p. 650,
were awarded to the Seattle Trust & Title Co. of Seattle
at 101.432 and blank bonds for 5j^s. Following are the
bids received:
West Palm Beach School District No. 1 (P. O. West
Palm Beach1 Dade County, Fla.— Bond Offering.— Proposals
),
will bo received until 12 m. Nov. 6 by A. K. Dearborn,
Clerk Board of County Commissioners (P. O. Miami) for
$40,000 5% school-building bonds. Authority Chapter
4682. Acts of 1899, Chapter 5389, Acts of 1906 and vote of
78 to 49 at election held Sept. 18 1906. Denomination $500.
Of the total issue $10,000 will be dated February 1907,
$10,000 March 1 1907, $10,000 April 1 1907 and $10,000
May 1 1907. Interest May 1 and Nov. 1 at the office of
the County Treasurer. Maturity on May 1 as follows:
$1,000 yearly from 1908 to 1911 inclusive; $1,500 yearly
from 1912 to 1915 inclusive; $2,000 yearly from 1916 to
1919 inclusive; $2,500 yearly from 1920 to 1923 inclusive,
and $3,000 yearly from 1924 to 1927 inclusive. Successful
bidder to furnish bonds printed or engraved ready for sig
nature. The district has no other debt at present. As
sessed valuation. $1,800,000. Guy I. Metcalf is Secretary
of the Board of School Trustees.
S e a ttle T r u s t & T it le C o . (fo r 5 > 4 s )---------------------------------------------- ---------- n $ 3 ,7 5 3
W m . B . P e rk in s & C o . (fo r d J-Ss ) ------------------------------------------------------------- r/.3 ,7 0 0
G e o . H . T lld e n & C o . (f o r 5 p j s ) ________ _______________________________ a3 ,7 0 0
M orris B r o th e rs (f o r (is )_________________________________________________ <i3,737
Yakima County (Wash.) School District
a A n d b la n k b o n d s .
No. 81.—Bond
Sale.— On Sept. 22 the $6,000 10-20-year (optional) coupon
high-school-building bonds, a description of which was
given in V. 83, p. 589, were awarded to Geo. H. Tilden &
Co. of Seattle at par and blank bonds for 5s. The following
bids were received:
G e o . H . T ild e n & C o ., S e a ttle (f o r 5 s ) _____________________________ 5 $ 6 ,0 0 0 00
M orris B r o th e r s , P o r t la n d (fo r 5 J ^ s )________________________________ 5 6 ,0 6 2 50
S e a ttle T r u s t & T itle C o .. S e a t tle (fo r 5 y g s )_______________________ 5 6 ,0 6 1 00
W m . B . P erk in s & C o ., S e a t tle (fo r 5 ) 4 s ) __________________________ 5 6 ,0 0 0 00
H . E . N o b le , P o r t la n d (f o r 6s ) _______________________________________
6 ,1 2 0 00
F irs t N a tio n a l B a n k , H a m p t o n , N e b . (fo r 6 s ) ___________________
6 ,0 6 0 00
26
A m e r ic a n S e c u r itie s C o r p ., C ed a r R a p id s (fo r 6s ) _________________ < ,00 0 00
a A n d a c c r u e d in te r e s t.
5 A n d b la n k b o n d s .
Williamsburg, James City County, V a.—Bond Offering.—
Proposals will be received until 12 m. Oct. 12 by E. 51. Lee,
Clerk of Council, for $12,000 5%. 30-year bonds. Denomina
tion $500. Each bid must be made on a blank form fur
nished by the city and must be accompanied by a certified
check—amount not named in advertisement.
Willoughby, Lake Count;/, Ohio.—Bond Sale.— On Oct. 1
the $15,000 4% 2334 -year (average) coupon sanitary-sewer
bonds described in V. 83, p. 650, were awarded to Seasongood
A Mayer of Cincinnati at 100.256 and interest— a basis of
about 3.9S3%. Following are the bids:
Yarmouth, Cumberland County,
Me.—Description of
Bonds.— We are informed that the $20,000 4% bonds the
sale of which was mentioned in V. 83, p, 718, were floated
by this town in July for the purpose of extending the water
works. The purchaser was the Portland Trust Co. of Port
land at 98. Denomination $1,000. Date Sept. 1 1906.
Interest semi-annual. Maturity $3,000 yearly from 1911
to 1914 inclusive and $4,000 in each of the years 1915 and
1916.
Bonds Not Sold.
No award was made on Sept. 4 of $5,000 4% bonds offered
by this place on that day.
Seasongood &Mayer, Cine. $15,038 50 W . R. Todd & Co., Cincin.$14,996 00
LamprechtBros.&Oo..Clev 15,003 OOlOtis & Hough, Cleveland.<zl5.000 00
u Less $125 for blank bonds and attorneys’ fees.
Ypsilanti, Washtenaw County, Mich.—
Wooster, Wayne County, Ohio.— Bond Offeirng.— Pro
posals will be received until 12 m. Oct. 20 by J. B. Minier,
City Auditor, for the following bonds:
NEW LOANS.
NEW LOANS.
§ 8 0 ,0 0 0
§ 3 1 9 ,6 6 5
INVESTMENTS.
Adrian H. M uller & Son
City of Hoboken, N. J., C risp County, Georgia,
4 % School Bonds
P u b lic n o t ic e is h e r e b y g iv e n , In a c c o r d a n c e
w it h a r e s o lu t io n o f t h e C o u n c il o f t h e C ity o f
H o b o k e n , p a sse d o n t h e 2 9 th d a y o f A u g u s t ,
1 9 0 6 , a n d d u ly a p p r o v e d o n t h e 3 0 th d a y o f
A u g u s t , 1 9 0 6 , t h a t se a le d p r o p o s a ls f o r th e
p u r c h a s e o f b o n d s o f t h e C ity o f H o b o k e n , t o
b e k n o w n as “ S c h o o l B o n d s ,” In th e a m o u n t
o f t w o h u n d r e d a n d n in e te e n t h o u s a n d s ix
h u n d r e d a n d s ix t y - fiv e d o lla r s ($ 2 1 9 ,6 6 5 ), t o
r u n fo r a p e r io d o f t h ir t y (30) y e a r s fr o m th e
d a t e o f issu e , r e g is te r e d o r c o u p o n , a t t h e o p t io n
o f t h e b id d e r , w ill b e r e c e iv e d a t t h e re g u la r
m e e tin g o f th e C o u n c il t o b e h e ld o n
W E D N E S D A Y E V E N I N G , O C T . 2 4 19 0 6 ,
a t 8 o ’c lo ck .
B id d e r s t o s ta te p ric e s o n b o n d s b e a r in g in
t e r e s t a t t h e r a t e o f fo u r p e r c e n t ( 4 % ) p e r a n
n u m . p a y a b le s e m i-a n n u a lly .
A ll p r o p o s a ls m u s t b e d ir e c t e d t o t h e M a y o r
a n d C o u n c il o f t h e C ity o f H o b o k e n , N . J ., a n d
sh a ll b e a c c o m p a n ie d b y a c e r t ifie d c h e c k f o r
fiv e t h o u s a n d d o lla r s ($ 5 ,0 0 0 ).
T h e M a y o r a n d C o u n c il o f t h e C it y o f H o b o k e n
r e s e r v e t h e r ig h t t o r e je c t a n y o r all b id s if d e e m e d
In t h e In te re st o f t h e c i t y t o d o so .
B y o r d e r o f t h e C o u n c il.
JA M E S H . L O N D R IG A N ,
C ity C le rk .
COURT HOUSE AND JAIL BONDS,
35 Congress Street,
BOSTON.
3 Nassau Street
NEW VOUK.
M EMBERS
YORK AND BOSTON
STOCK EXCHANGES.
NEW
STATE, .MUNICIPAL AND H IG H G R A D E
R A I L R O A D S EC URITIES.
And other Hi<vh-Grade
Investment Securities.
Poll descriptions showing price and Income
on application.
O P
EVERY WEDNESDAY.
No.
66 W IL L IA M
STREET
C orner P in e Street.
Perry, Coffin & Burr,
IN V E STM E N T
E i s E L e &. K
60
BONDS.
State Street,
BOSTON.
Specialists n New Jersey Securities.
in
BANKERS.
Blodget, Merritt & C o ,
M e m b e rs o f N ew Y oi k and P h tla d e lp h U
S to c k E x ch a n g e s .
BAN KERS,
Private Wi^es to
N. Y. & Philadelphia.
757-75!) Broad St.,
NEWARK.
16 Congress Street, Boston.
3 « N A S S A U S T R E E T , N E W Y O R K ..
ERVIN & COM PANY,
BANKERS,
Members
( N e w Y o r k S t o ck E x c h a n g e ,
\P h i l a d e l p h i a Stock E x c h a n g e .
FOR
43 Exchange Place,
New York.
4 0 9 W a l n u t Street,
C I N C I N N A T I , O.
Carefully Selected
MUNICIPAL
BONDS
Regular Weekly Sales
STOCKS and BONDS
BONDS
Albert Kleybolte & C o .,
A U C T IO N E E R S .
Cordele, Ga., Oct. 1st, 1906.
Sealed bids marked “ Proposals for Bonds”
will be received until October 31st, 1906, for the
purchase of $80,000 00 (Eighty Thousand Dol
lars)
per cent semi-annual (Dec. & June)
30 (Thirty) year serial Bonds, for the erection
of Court House and Jail for Crisp County, Ga,
Bonds will be dated Dec. 1st, 1906, in denomina
tions of One Thousand Dollars each; principal Office
and interest payable either in New York City or
Atlanta, Ga., at the option of purchaser. Bonds
will mature $2,000 00 Dec. 1st of each year for
twelve years; Three Thousand Dec. 1st each
succeeding year for the next seventeen years, and
Five Thousand on Dec. 1st, Thirty years from
date of issue.
Certified check for Four Thousand Dollars,
payable to W . C. Hamilton, Vice-President
Citizens’ Bank of Cordele, Ga., must accompany
bid as guaranty.
Successful bidder to have
Bonds and interest coupons engraved at his
expense.
Address
S. W . CONEY,
Ordinary.
R. L. DAY & CO.,
BANKERS
—
state,
cxrr &
r a il r o a d
bo nd s.
HIGH GRADE BONOS
LiatH u p o n r e q n e a t .
IN V E S T M E N T .
Denison & Farnsworth,
Drexel Building,
Philadelphia.
BOSTON and C L E V E L A N D ,
MUNICIPAL AND RAILRO AD
BONDS.
H . C . Speer & Sons Co.
LIBT ON APPLICATION.
K m b l l t h a d 1NN5.
First Nat. Bank Building, Chicago.
C IT Y
COUNTY
AND
T O W N 8H IP
BONDS.
SEASONGOOD & MAYER
m e rc a n tile L ib ra ry B u ild in g ,
C IN C IN N A T I.
852
T H E C H R O N IC L E .
[V O L . LXXXIII,
Ifitia ticia l
^
f
l t
x
a
n
c
i a
l .
William R. Compton
Bond & Mortgage Co.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY, MISSOURI MUNICIPAL BONDS—
MACON. M ISSO U R I.
("Established In 1889.)
School, City, County and Drainage
Our list gives a wide selection of
many attractive issues in sizes of
$2,000 to $100,000
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle nothing on
brokerage
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular
New York, Chicago, St. Louis and
Kansas City references
N e w
Y o r k , J a n u a r y
2 3 r d , 1 9 0 0 .
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a ffa ir s on the 3 1st o f D ecem b er 1 9 0 5 .
P r e m iu m s o n M a r in e R is k s f r o m
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W I L L I A M I t. C O M P T O N . P r e s i d e n t .
4 W a r d e l l B u ild ing:.
4 4
MUNICIPAL AND
4 7
PUBLIC FRANCHISE CORPORATION
BONDS
8 0 ,6 1 5
B o u g h t an d Sold .
u0 r0 i t i e s
2 8 4
W. J.0 HAYES & SONS,
0
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C L E V EL A N D , O H IO ,
BOSTON, M A SS.
iu m
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JOHN M. GILLESPIE,
A g g r e g a t i n- - -g - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - -= - - - - - - $- - -1 - 2 , 7 1 6 , 4 2 7
A
d iv id e n d o f S ix p e r c e n t
h o ld e r s t h e r e o f , o r t h e ir le g a l
T h e
o u t s t a n d in g
c e r t if ic a t
t h e r e o f , o r t h e ir le g a l r e p r e s e n
d a t e
a ll in t e r e s t t h e r e o n w ill
c a n c e le d .
A
d i v i d e n d F orty p e r c e n t i s
o f
y e a r e n d in g
3 1 s t
D e c e m b e r ,
a f t e rT u e sd a y t h e First o f M ay n e x t .
r
e
t
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in
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a
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t e r e s t o n t h e o u t s t a n d in g c e r t if ic a t e s o f
p r e s e n t a t i v T u e sd any t a h n e dSixth t oe fr February n e x t .
e s , o
a f
o f 1900 wi s s l ul e b eo f r e d e e m e d
t h e
i
a n d
p a id
to
t i v e s T u esd a yn t dh ea f St ei xr t h February n e x t , f r o m
, o n a
o f
w
a s e .
T h e c e r t if ic a t e s t o
b e p r o d u c e d
a
6 2
p r o fit s
w ill b e
p a id
to
th e
Boom No. 518 Atlantic Building,
NEW YORK.
t h e
h
ld e r
19=61 o W a lls Street,
h ic h
t t h e t im e o f p a y m
e n t
a n d
^cconutetute.
a n d
d e c la r e d o n t h e n e t e a r n e d p r e m iu m s o f t h e C o m p a n y f o r t h e
1 9 0 5 , f o r w h ic h , u p o n
a p p lic a t io n , c e r t if ic a t e s w ill b e is s u e d
o n
B y order of the Board,
G. STANTON FLOYD=JONES, Secretary.
LYBRAND^
ROSS BRO S &
,
MONTGOMERY
L M E R .
TRUSTEES.
H E R B E R T
L . G R I G G SW , . H . H . M O O R E
G U S T A V
A M S IN C K ,
N
F .
P A
C L E M E N T
A . G R I S C O M I, C H O L A S
F R A N C I S
M . B A C O N ,
H E N R Y
P A R I S H ,
A N S O N
W . H A R D ,
J O H N
N . B E A C H ,
D A L L A S
B .
P R A T T
K . J E S U P ,
W
I L L I A M
B . B O U L T O NM , O R R I S
W . Q U IN T
P . J O H N S G O E NO , R G E
V E R N O N
H .
B R O W N , T H E O D O R E
I S
C A S S
L E D Y A R A D. , A . R A V E N ,
W A L D R O N
P .
B R O W N L, E W
L '. R I K E R ,
H . L E G G E T JT O , H N
J O S E P H
H . C H A P M A N ,F R A N C I S
R O B IN S
C H A R L E S
D . L E V E R I DC OH U, G L A S
G E O R G E
C . C L A R K ,
H . S C H W
N . L O V E L G ,U S T A V
L
C L E V E L A N D
H .
D O D G L EE , A N D E R
W
I L L I A M
A . S T R E
H . M A C Y ,
C O R N E L I U S
E L D E R T , G E O R G E
C . S T U R
H . M A R S H AW L I L L , L I A M
R I C H A R D
H .
E W A R T ,C H A R L E S
E W
A L D
F L E I T M A N N ,
A . A . R A V P r N id e n t.
E es ,
C O R N E L I U S
E L D V iceR re sid e n t.
E -P T ,
T H E O .
P .
J O H N 2d O V ice -P re sid e n t.
S
N ,
J A M E S
L .
L I V I N G S dT V ice -P ,re sid e n t.
O N
3
Certified Public Accountants
,
A
R D
(P en n sylv a n ia)
,
L a n d T i t l e B u ild in g
P H ILA D E LP H IA .
O N ,
W a l l Str eet E x c h a n g e B uildin g,
A B ,
NEW YO R K
E T ,
G E S .
THOMAS
B. D E A N ,
Successor to ARCHER & DEAN
CERTIFIED PUBLIC ACCOUNTANTS
W a ll S tr e e t E x c h a n g e B ld g .,
4 1 - 4 3 W a l l S t.,
The Public D em and
-
NEW YOR K.
T e le p h o n e 4155 B r o a d .
Wilkinson, Reckitt, Williams & Co.
CERTIFIED PUBLIC ACCOUNTANTS
for automatic telephone service has become so great that we have had to double
52 B ro a d w a y ,
N ew Y o rk
the size and triple the capacity of our factory in order to supply enough equipment Special Department lor Bank Examinations under the
management of a National Bank Examiner ot
to keep pace with it.
many years’ experience.
Most of the big, new Independent telephone companies are starting in with
automatic equipment and starting right.
LOOMIS, 00N A N T & 00.
Older Independent companies are displacing their manual equipment by auto CERTIFIED PUBLIC ACCOUNTANTS
3 0 B r o a d S treet N e w Y o r k .
matic as fast as the former is outworn or outgrown.
T e l, 4958 B r o a d .
Why? Because the autom atic‘ system is a demonstrated success; because
automatic service is ideal service, quick, sure and secret; because the operating
james park
company can produce it for less and sell it for more than manual service— a double
CERTIFIED PUBLIC ACCOUNTANTS
increase in revenue.
5 2 B r o a d w a y , N ew Y o r k ,
1 8 9 L a S a l le S treet. C h ica g o.
Automatic equipment has a direct and positive, influence on the securities
of telephone companies using it. It makes the securities easier to market and
more profitable to hold.
: & 00.,
Our Automatic Telephone system has been adopted in the following cities
Aberdeen, S. D.
Akron, Ohio.
Albuquerque, X. M.
Allentown, Pa.
Auburn, Maine.
Auburn, X. Y.
Battle Creek, Mich.
Bellingham, Wash.
Berlin, Germany.
Buxton, Iowa.
Cadillac, Mich.
Champaign, ill.
Chicago, 11 .
1
Clayton, Mo.
Cleburne, Texas.
Columbus, Ohio.
Columbus, Ga.
Dayton, Ohio.
El Paso, Texas.
Fall River, Mass.
Ferguson, Mo.
Grand Rapids, Mich.
Hastings, Neb.
Havana, Cuba.
Hazleton, Pa.
Hopkinsville, Ky.
Jonesboro, Ark.
Lake Benton, Minn.
Lewiston, Me.
Lincoln, N'eb.
Los Angeles, Cal.
Manchester, Iowa.
Marianao, Cuba.
Marion, Ind.
Medford, Wis.
Miamisburg, Ohio.
Mount Olive, 11 .
1
New Bedford, Mass.
Oakland, Cal.
Ocean Park, Cal.
J
’em water. Mich.
Portland, Me.
Portland, Ore.
Princeton, N. J,
Richmond, Ind.
Riverside, Cal.
San Diego, Cal.
San Francisco. Cal.
Santa Monica, Cal.
Sioux City, Iowa.
South Bend. Ind.
Spokane, Wash.
Springfield, Mo.
St. Mary’s Ohio.
Tacoma. Wash.
Toronto Junction, Canada.
Traverse City, Mich.
Urbana, 11 .
1
Van Wert, Ohio.
Walla Walla. Wash.
Watch Hill, R. I.
Wausau, Wis.
Westerly, R. I.
Wilmington, Del.
Woodstock, N.B., Canada,
AUTOMATIC ELECTRIC CO.,
Van Suren and Morgan Streets
CHICAGO, U. S. A.
H , Me Byllesby & Co*?
IN C O R P O R A T E D .
ENGINEERS.
D ESIG N ,
C O NSTRUC T
R A IL W A Y ,
H Y D R AU LIC
GAS
AND
OPERATE
L IG H T , P O W E R ,
AND
PLANTS.
Examinations and Reports
American Trust Building., CHICAGO
@FedFRASER