The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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>
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1
;
:
1
:
financial
jrantcl?
Enteral MOOtdtng to Act of Conirress.
In the
yenr 1905, by
Wilmam
K.
Dana OOXPAHT,
in
the oillcoof Librarian of Congress, Washington.
SATURDAY. OCTOBER 7 190.5.
NO.
0EEAR1XG6—E0R SEPTEMBER 1905 AX I) 1901 L EA RIi\ GS—W EEK EM) IX O SEPT.
VOL.
AND
1905
ZVtn« Months.
•Srpf<">i(>i r
.ngt at
I '<•(',
1905.
Philadelphia....
Pittsburgh
Baltimore
BufliUo
'59,459,377
5tl8.887.i3S
194.881.14?
105.215.972
159.664.483
166.249.270
87,057.038
20.3ii2.441
s.-ii
:
Washington
Albany
I8.787.36ii
Rochester
Bcranton
Byracuse
14 928.867
7.818.23)
Blngliamton
Greensburg..
Chester
0.552.374
4,701.463
4.074.299
4.205.300
8.633.121
8,079,
Erie
Frunklln
Frederick
Total Middle..
Boston.
1.650.000
1,617,191
1,676,886
2,015,547
859,846
790.041
7.S43. 470.-13
ti.lG3.5-52.665
Providence
Hartford.
New Haven
Bprinirfleld
Worcester
Portland
Fall River
Lowell
Bedford....
Holyoke
Total X.Enjf...
Chicaeo
Cincinnati-.
Cleveland.
Detroit
Milwaukee
Indianapolis
Columbus.
Toledo
Peoria
Grand Rapids...
Dayton.
Evans vllle,
Akron.
Springfield, I1L.
Youngstown,....
Kalamazoo
Lexington
Canton.
Rockford..
Bpringfleld. Ohio
Bloom inirton ...
Qutncy
Pecutur
Mansfield
Jacksonville.
111.
Jackson. .Mich...
Ann Arbor
5~Si.253.901
.0.000
470.
658.o68.60S
SS3,649,523
S9.42S.200
61.3S1.03
47.4S1.S29
S4.2S3.731
27,284,656
20.346.100
15.690,699
15.552.354
8,605,83s
7.609.247
7,1 25.563
1,696.000
3.491.52S
1
24.617.900
10.447.059
7.961.396
5.641.409
4.846.396
6,677.21.
2.015,779
1.880.387
13.020.S7i
9.30
0.000.703
6,0.14. C71
7,648,932
8.081.549
1,742.843
2.374.573
1.832.941
66311,644
43.937,010
41,700,873
37,499.121
29,561,316
18.952.800
17.600.849
17.841.037
20.004,827
8,710,501
6,693,556
16
2,018.993
1.612.113
2.111. 619
1,128,20831.448
1.9
..
185,807.183
108,387,720
139.073. l: 6
68.229,488
16,068,031
16.105.09s
11.769.4 II
6.610.70S
4.804,00V
S.S75.550
4,878,086
8,758.04
J7.831
Wilmington. ...
Reading
Wilkes Barre...
Wheeling
67,563,863,159 44,333,903,403
5.047.161.004 ,057.8 19,716
1.642.194.123 ,474.007 175
914.02S.ilOO
793,238.531
253.4
288,639,268
5,3>1,707.661
1.782.281
1.902.34s
+ 27 3
165,562,590
Washington.
Albany
187. 717,650
Rochester...
107,265,071
86,079.576
4? 888,52
41,074.152
40,
83,936.126
26.267, MO
16,028.600
] 4,638.004
16,959.240
18,116,718
8.632, 7-0
6,418.089
-eranton
Syracuse
1
5.572,294.909 4.734.029.6'
266,021.600
249.930, 706
121.717,006
103,4-4,641
r*4'7
+ 17'5 65,061.7011 75,012,926
18'2
64.919.829
57,189,805
20-1
57.021,900
44 763,701
14-0
63,249,443
57,580,753
--50'
26,907,896
29,021,039
-4-3
17.346.949
17.185,996
+37-9
21,860,637
17,523.962
-6'6
17,837.325
17.917.123
+17-7
+7-2
+17-6
+13-4
+13-5
+28-4
+9-8
7.010.30..
—89
-10
+Vo
+ 16-1
+9?
+65
5,916,349 +205
2.108,900 -lo-l
+0-4
3 47
2.113.271
3,173.010
2,096,561 + 165
£517,878
+310
-104
8,152,082
1,911.900
2.044.220
1,949,211
1.504,030
1.711,009
1. Si 1.575
2.092.962
1,703.357
1.856,053
7,523
1.276,243
1.378.038
1,218,962
950,872
460,173
L274.818
+W0
+7-3
+ l?'2
+?§
1,381,156 -76
S53.904 +01-5
1,127,916
SS2.210 +78
380.540 +220
308. 496,567
247, 783.111
189, 803,600
147, 101,736
115, 774,125
79,
445,182
63 693.803
61 073.027
19, 313,100
30 410.069
21, 300,064
80 304,770
24, 592.365
19 737, 901
19 356,021
14 688,165
16, 000,670
13 206,650
12, 007,009
12, 210.700
9, 994,310
8, 792,346
4. 279.779
+4-1
-3-4
105.105.791
Minneapolis
82.404.SO'J
35.t,97.B04
85.3So.32>;
33,090.4 45
Paul
28.954.699
17,607.493
27.843 360
20.730.867 +6'3
20.205,613 -11-6
22.836. 1 12 1-2 1-9
9.587,416 + 117
6,306,110 1-26-8
Joseph
i
Denver
Des .Moines
8 WO
6 003,440
10.7'
Bloux City
Topeka.
Davenport
Wichita
Colorado Springs
Cedar Kaplda,...
Fremont
To. other West
It. Louis
New Orleans
LoulsvUle....
.
2.315,151
8,844.613
4.619.224
2,404.464
2,147,02*
984,940
831.792,680
818,363.189
67.631 .531
Houston
46.08
Galveston....
27,4 "
Richmond....
Savannah
19,170.137
28.6:18.449
Memphis
15.175.517
16.990,577
11.-72,130
8.436.367
Atlanta.
Nashville
Norfolk
Kort Worth...
Birmingham
10.133,46(J
6.6
.
Knoxviile
6.T
Augusta
Little Kock...
Charleston
Macm
100.973,830
...
Chattanooga
Beaum.nt
Jacksonville.
I'la
Total South..
Total aU.
Outside K.
Y
11,23 2 "5
8.300.433
5.994.77
8,677.082
8,969. 13*
1.383.6W;
4.300 3H1
630 25V, 61
10.H62.3H,
I.,-.:
1,022,862.065
4,0-
-42-6
63,246
4,125,879
1,911,2-9
1,535,591,000,185
-3
+ 12-0
+206
+399
3.'.
320.663,500
223,441.439
57,102.976
43,547,876
— 1-3
601 125,354
322 715,521
235, 539,612
172 062,496
237, 021,0297 416.511
62, 290.178
542,9''.", s-
I
889,819,7.-3
+21-9
—0-4
+ 10-7
--19-7
--423
- -320
-31 4
-23-6
+26 9
+8-8
+ 108
+116
19,
132,000
409 575
+ 18-4
8,
+ 17-S
+ 115
+1-3
.'
+
.
.
'
-
8.8.)7.077.'i4
a,
602
M
I
J, 81.1
+ 22
1)
+149
103.4579UM2
36,094.0 MfCr,
6,752, 9,
•11. 4
18,
1, '.'o
I
WW, 4(n
+ M-8
+.14 V
647,720
718,376
494 824
352,145
501.237
327,509
877,200
O
Bloomington
Quincy
Decatur
446.051
821,033
308,003
314,121
241.000
208,675
204.820
210,770
81,702
301.0.07
264,632
343,101
802,080
202.754
Mansfield
Jacksonville
Jackson
Ann Arbor
Fort Wayne.
South Bend
Total Mid. Western
San Kranclsco
I.os Angeles
Seattle
Salt Lake City
Portland.
Tacoma
Helena
31,068,736
5,342,201
4.969,533
86,888.517
8,767,850
5.700.000
3.757.435
4,491,179
3.113,143
8,166,940
745,929
600,718
308.516
Minneapolis
Omaha
St. Paul.
St. Joseph-
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita.
23.7-9.0ol,
8,110,812
6.538,101
4.706,011
5.307,902
2.197,991
1,869
8
10,71
11
10.270.883
1 ,500,000
Nashville
Norfolk
Kort Worth
Birmingham
Knoxvllle
AugtiHta
i.o Hi! Kock.
Charleston
+f)0
6
903 342
5.761,068
4,373,700
2,697 250
2.705 689
1,523,159
1,513,201
1,100.196
663,000
580,000
053,195
471,007
435.931
499.263
367,491
867,422
314,492
386,845
271,947
+ 12-4
+32
2
+ 1-9
+ 164
-31
+ 11
+27
3
571,053
+ 19
650 064
+21-3
525,552
699,616
397.700
431,470
368.838
352,084
258,046
200,023
221,117
175.600
118,757
—6
+124
1
+2-0
+22
5
—4-2
+9 8
+643
+47-6
—0 5
271.967.057
+186
-041
35.663.200
5.785,171
4.653 965
2.910,583
--14
+83
—11
+22
3,676,611
2,568,260
1,906,798
541.975
6
-5'7
474.429
27S.99U
+102
+223
+11*
—4-6
+6-0
+ 180
54,01.6,, 01
715.087
844,558
220,026
119.201
74.930.072
51.400,081
14,715,488
78,461,40
47,61
11.409
10,800
7,786.688
4.628.000
4.765,925
4.300,742
8.763.4J6
8,808,047
1.870,2 '9
1,618
1.528.988
1,115.166
6,103,001
4,774,107
5.030.049
2,107 608
6
+20
—93
1,312,811
1,760,296
1,107.100
-21-9
10 4
—IT
In io tal.
0,6 i8,084
10.621.7O3
5.700,300
4,214,661
6,608,237
2 667,014
8,762,694
2.429.904
1.701.65
1,244,827
1,156,002
8,608,612
1,807.420
601,9.11
775.733
1.665.646
631 67'
1,420.981
1,093.601
926,000
729,72V
612,760
1.025,140
Mot Include
134.691 161
...
90,6 .'I
8. 660,166,481
York..
916 258,760
Ga
129.
I
aniullnn Clearings on pngc
2
I
21.1
1
(I7H.
+1
i
921.160
8,849
9b-.,
.
si.
2.228.0
190,0
B..0.85O.223I
4.141221
4.336,318
2,672,297
4,474,001
1.910.101
1.595.907
.... 5.481
521,637
206.511
28.751.218
17 968 012
7,747,185
0.531,000
4.109.215
4,250,000
2,011,732
1,998.6(0
1.650,956
1,832,931
664.658
609,100
8,827.91'
916. 137
921,707
686,788
666.359
346,912
259.027.226
34.087.721
23,638.228
19.420,507
7,922,984
+23-o
+
167.172
170,000
72,330
58690,052
-90
+25
209 .498
tal.
tal.
1, -206,1)01
910.631'
<
8,213,3ii0
6,689,862
4.937,100
8,706,031
3,3o0,138
1,901.360
1.522.216
1,221,118
036,000
1.861
I
807.970
875,226
Mobile
Total Southern
Total all
8,27:
7
+1-0
6.188.252
7.337.5
8,666,818
8,"57.151
8.278.IM2
1,805 057
1,826,437
Mattanooga
'.ilumbus,
22.003.600
15,419,004
9,013.460
+ 13-6
959 929
1.1
Mucin
2
1
Jacksonville
•
+15
+19
7.533,001
3.486.044
8,773,161
2.662.560
2.142,640
2.782,321
1,099.862
Atlanta
1
+ 12 2
15.902.121
071,066
7,385,500
4.622.670
6,311.051
Memphis
170,835,488
21,300,400
17,499,400
9,033.771
1,523,907
"3
+3 4
Houston
Richmond.
Savannah
169.309,909
1,9150-4
+20'8
Louisville
ilalveston
153.169,190
186 807.780
+6 6
+07-1
+17-9
412,240
376,110
220,912
77,209,020
68.628,578
..
1
+12-0
— 158
2.730.02!)
i.ioo.ooo
81.590,100
49,496,519
14,158,921
Orleans
1 441.863
2.131,032
898.133
464,514
465,310
543,18-
118,812,658
7,550.200
8,241.100
2.45.V220
1,495,295
1,804,086
1,590,901
1,006,306
512,939
491,101
419,205
133,885,370
7.154.100
+016
-5 5
Not Include A
...
531,112
232,898
1
+21
l
573 722
909,879
661.302
850,595
360.400
348,302
420,120
1,519.089.173 2 004.913.998
+ 14
+69
-i-80'5
440,276
211,687
Kremont
Total other West'rn
5 19,63.-
418 326
497 800
Pueblo
New
+36
+5-0
+26-5
+212
21.532,865
1,137,17'
Colorado Springs
Cedar Rapids
St. Iiouis
--41 2
898,716
839,920
370.100
404.105
2,620,2 18
4.641.88]
2,668,984
2,578,000
637,364
279,978
55.120.296
67,396,257
24,076,112
22.062,684
8,599.361
7,754,438
4.282,416
6,679,781
2,203,003
1,684,195
522,477
757,994
Kansas City
123
215
+78'6
745,055 Not Include d iu to
362.415 Not include (l in to
+8-6
273,013.021
250.869,748
145 996
1,748.841
1,158.987
1,470,432
21-7
H—5
+8T
8:28,270
I
'
--10-5
0.576,980
8.470,066
0,098,021
4.794,400
3,035,719
2,472,27 b
1,910,173
1,621,758
1,123,396
402,000
741,898
508,325
704,702
407,894
874.835
Lexington
Canton
Rockford
129.829.506
45.9
25,603,956
6.232 37 1
3.834,894
8,673.625
8,123.712
1.505.161
1,384.261
1,580,955
I
170 963,310
22.703.200
12,607,153
Ill
ouuideNew
Table Cearlnim by Telegraph and
20
191,434,525
19,115.350
14,323,438
10,965,002
Kalamazoo
Springfield.
+274
967.548
1,020.243
884,808
669,389
809,000
332 523
388,180
457,049
198,753
129,920.909
i'oungstown
Fargo
Sioux Falls
Total Pacific
33, 116,790
41, 256,241
20, 415,151
+
Kvansvllle
Akron
Springfield.
1,770 504,377
12H
47,970.700
23.856,814
0,276.929
3.906,0
4,143.757
3,080,180
—IT
1,018,00:
154,710,651
6.591,910
4,642,900
3,411.112
8,283,558
1,951,768
1,571,031
1,307,439
426,200
1.827.840.721
•
+ 98
482,362
Indianapolis.
Peoria
+84
+ 105
+187
7,996.24'"
Grand Rapids
Dayton
+5-9
113.373,184
0.201.100
2,462,842
2,005,201
1.233,563
1,155.579
1.638,699
474,310
376.657
510.001
475,188
Milwaukee
Columbus.
Toledo
+ 01H
-+17-9
+ 19 6
1
588.34'
Total New England.
Chicago
Cincinnati
Cleveland
Detroit
--176
+8-0
2,129,009.617 2,014.357,153 +5-7
666,145,120
6-5,901,015 —25
+65 440.509.907 410. 2-1. 51/7 +88
36,5'
+28'5 249,222,559 226,506,039 +9-2
2 1,059.000 + 13-9
190.400.000
+22' 1
160,9!
'1,-1
1-9
sti.013
178.6 .0.41" +9'6
+5-7
87.069.912
148,291
130.40:.. HI
137
14,7 52.313
+29 173,997,946 172.08
1-11
11,502,021 +39
184,61
107,04
+ 10'4
--13-1
10.4:
--17'4
1 15,160,156
6,884.37; --225
71.86
-139
62,55?. 70
--430
7.064.704
93.2:
61.162,968 -52-4
4,825.02.1 --376
66.131.999
+21-7
46,132,623
46,462.014
4.522,536 -14.9
4 0...:
+22
6.317, 0-" -30
62.546.161
17,249 +257
2>
86,13
+ 19-6
- - I.VO
4,1
44,06
40 2
- -80-7
2.',
10,789,698
27.156.025 -27'8
-3o0
8.0
33. 09.907
80,10
1-30
1.34
13,940849
17.110.141
8.808.434 +31
44.12
31.392 3.1
•
is51
i;CO 4 966.896.1 18
! 16.120
+7 2
-
ball
Spokane
65.036.781.
46,624, 702
88,4
-23
Worcester
-30-3
--51-1
- -12-8
-
I
16.151,066
7.190.714
Springfield
1902.
'.
30,804,969
20.626,146
6.119,363
4.104.452
4.025,603
2,506,230
1,678,881
134,516,540
0,«39,300
4,198,013
2.137,325
2,061.944
1,302,363
1.987.189
707,412
855,840
New Haven-
190:,
I
+ 18-0
542 340.790
1,844.221,825
Boston
Providence
Hartford
Uolyoke
221,376.268 +61
175,601,909 —IT
165,041,88 +43-0
-+3-4 2.748.490,820 2,467.778.003
479,900
201.333
-+0-9
+ 138
+33-6
—2-6
35,376.977 —6-4
40.146.206 +2-8
1 -.677,439 +34-6
32.
Krle
30
1902.
1903.
Ike.
106.706, 6so
993,636
813,498
449,100
472,580
402,30'
—7-3
+
790.161,887
1,353,708.002
Chester
Portland
Kiver
Lowell
New Bedford
290,429,079
233,975.759 +5'9
164,671.600 +153
181,008,928 +2T6
101,534,656 + 14-0
74,626,530 +65
65,575.261 -29
19-1
51,134,391
21,699,600 -106
27,653,143 +100
20,448,907 +4'4
27,558,000 +10-0
24,914,16s -13
81,453,512 -7-8
17,802.780 +87
15,223,747 —35
15,699.522 +2-3
12.325.131 4-7-1
10,983,702 +9'3
7.401,509 +03'6
8.604.901 +135
8.081,047 +8-8
3,489,045 +22'6
859, 569.625
I
1.003,904,60!
1,127. .91
Franklin Pa
Total Middle
+ 4B-1
+210
Hll)
1904.
i
76,470.901,366 51,623,826,855
Kansas City
Bt.
Bt.
\
nc. or
I
1906.
141.483.419
46.946,1224,502.626
6 475,110
4.448.058
4,448,883
2.800,391
1,660,765
1,297,001.161,590
Wilmington.
Heading
Wilkes Barre..
Wheeling
sing hamt on
Qreensburg
:
Total M. West. 1,196,366,069 1.079,337.206 +10-S 10,880933811 9,657,847.183
Ian Francisco... 163,249,696 130.329.021 +25 3 1,829,199.786 1.110,632,352
40.939.220
24.617,591 +650
851,067,14'!
Los Angeles
247.078,881
25.2*54,709
20,432.310 - -28-0
Beattle
208,222,777
167,687,482
- -299
16.309,404
121368,861
112.201.00.
Bait Lake City...
108,198,669
20,920.492
lS.636,952 --111
Portland
161,588,697
130,600, .04
20'2
13.621.2.71'
10,799.270
1 11, 13 .'.173
Bpokane
85,534.182
474 115,212,994
14.131 598
69,442
Tacoma
76,247,445
2.102.4O0 +53 2
8.6.->l. 050
Helena.
26,479,703
88,483,635
2,4
2.146,149 +14-8
Fargo..
20,271,712
17,242,810
1.477,920
1.341.410 + 10-1
Bioax Falla
10,026,337
9.833,249
302,055,201
233.265,450 1-296 2,476.866,023 1,966,099,306
Total Pacific..
Omaba
1'hlladelphla
Pittsburgh...
Haltiraore ...
flu Halo
513.850,243 +21-1 6,316.259,056 5,403,665,924 +169
722,214.793 +13-4 7,382, 243.S68 6,500,508,570 +12-8
100,769,650 —11-2
884 616,650 014,709.400 -3-3
55.019,2 71' + 110
569 064,029 509,017,583 +11-9
+12-4
42,256,965
430 867.210 381,091,829 +13-1
37.047.702
27,560.657
19,116.500
11.534,990
18.401. 164
8.028,176
...
AND
ciutiw) Stpt. 30.
—
Cltarlnvi at
or
Dec.
/ ii.
I
1903
190/,,
Wtek
1004.
New York
New York
New
[n. or
1904.
1905.
WEEK IN
ALSO SAME
1904.
(
2102.
81.
ALSO SINCE JANZJAItl
I).
901,0
llo„
2.07 318 741
69o">]
THK CHRONIC 'LK.
1068
most
back
A
dry September, dating
in some sections into August, following a wet
period in the earlier summer, floes not forbode destruc-
THE FINANCIAL SITUATION.
The development of the week has been the Government cotton crop disclosure bringing down the AgriSeptember
[Vol. lxxxi.
of
all
that section.
tion to the crop.
Xo doubt
neither rain nor drought
Department's figures to
Probably the larger portion of the trade anticipated a
has been distributed evenly
n*o*e substantial falling off in condition since the last
somewhat less in amount than last year, but with a
late autumn may turn out a fair average.
If we accept the Government figures of this week as a correct
forecast of the probable yield, and draw our conclusions
from a comparison of the September condition this
year with the September statement of condition in
previous years, we should get a large result for 1905.
But that method of reaching a conclusion is subject
to obvious uncertainties.
In the first place, we have to
cultural
A
previous report.
three-point depreciation
25.
that
would
have found comparatively lew to criticise it. Instead
of that, on Tuesday of this week the Department
monthly bulletin stating that, as the
issued
its
month neared its close, on September 25, the condition
of the plant was 71'2, which compared with 72" 1
August 25, or a depreciation between those dates of
only nine-tenths of one per cent.
Special reasons existed
present pessimistic
for the
leaning
of
belief
in a
sons was the reversal in July of
—a reversal which
its
was
acreage figures
Had
it
—
is-
practically forced
not been for the confidence
felt
;
;
.
in
;
Mr. Wilson, its head, the catastrophe would not have
been arrested when it was. So it happened that the
inclination
accuser in
was irresistible to mollify their chief
making up their new acreage summary.
However that may
be.
the
Agricultural Depart-
ment's acreage figures were, in the midst oi this excitement, reviewed and materially reduced. Those
familiar with such matters were not only amazed but
amused over the
Since
transaction; no one
was convinced.
then a large portion of the trade has looked
There has been no
upon the fulminations of that Department as produced more or less under the influence of a scare.
Thus it has come about that dealers of cotton in
the North, and spinners and purchasers, including
in the number the more conservative classes, have
tural
a habit recently of taking the AgriculBureau's reports not in a common sense, but
more
or
fallen
stance that last
quently
in
a
pickwickian sense.
no cause for surprise that
looked for an
the
timates,
Saturday's bank statement showed a
made up from
returns obtained from the Clear-
House banks Friday afternoon of shipments of currency into and out of banks, to and from the interior,
and similar statements from the Sub-Treasury, showed
That discrepancy
a loss to the banks of $6,838,000.
should give rise to no surprise. We announced when
we first issued a preliminary estimate which was
—
had
utterance at this time more un- years befo/e all other similar compilations were
it has turned out to be.
that they did not b}^ any means cover all
started
interpret this phase of the situation as indicating cash movements during the week.
Evidently every
official
—
favorable to the crop than
We
discussion over the circum-
ing
It is conse-
public
little
gain in cash of $1 .521,300, whereas the preliminary es-
into
less
will
;
by the Southern Cotton Association. We do not mean
that the Department at the moment did not seek to
act fairly, and believed that its new result was a possible conclusion of a more thorough study of its figures.
It must be remembered, however, that there was a
tremendous upheaval and feverish excitement in the
ranks of the emplyees of that Department of the Government after the removal of Mr. Holmes and the
resignation of Mr. Hyde.
It looked as if the earth
was opening underneath that whole section of the
Government and that a general cataclysm would be
the result.
Texas yield
hence we may suppose
be in a measure spotted
assume that the condition statement of the Department just made is correct whereas such an assumption cannot in any case be unqualifiedly true
an
estimate must alway be subject to grave doubt.
Again, to make a comparison of that character, the
results compared must be alike in all respects
if one
year's estimate is incorrect, the other year's must be
incorrect to just the same extent
likewise both years
results must be made up on the same basis and method,
whereas the Department has announced that this year's
figures are prepared by a new and different process.
For these and other reasons we are inclined in this
case to be very careful lest we put overmuch confidence in a comparison with last year's condition
figures.
On such a basis it would be easy to show a
prospec t of over an 1 1 -million-bale crop this year That
may be the outcome with a late frost but it would
not be wise for spinners to act on that assumption.
Moreover, consumption of cotton is showing material
increases in every country in the world, and with the
open-door in China and Japan and with the door ajar in
Russia, added to the fact of a speculative capacity for
holding cotton back in the United States never before
reached, the foreign and American spinner ought ro be
more than usually conservative.
the Agricultural De-
Foremost among these rea-
partment's information.
sued in June
trade's
the
;
had in considerable part healed the effects
of the blow under which the Department suffered so
greatly in the early summer, and that it is receiving
and interpreting its monthly news more in its old way.
Looking at the cotton-crop situation at this stage of
its development, and aside from the Government figthat time
I
not a fair conclusion to say that
the September growth has been quite favorable ? There
ures just issued,
is it
has b een no conspicuous setback from any widely pervading adverse influence. The worst reports have
come from
the drought in Texas.
In connection, however, with that feature, we must not forget that up to
j
August the complaint had been too much rain
in al-
banks or paid in over the counter
necessarily was omitted, and this included not only
individual and ordinary corporate depositors but rust
companies, which as a single body have become such
a large factor in the make-up of the city's transactions.
Besides, so far as trust companies are concerned, it will
be remembered that banks were assumed to have lent
those companies cash when under the call of the Superintendent of Banking they were in the early part of
September making up reports of their condition. If
such a loan of cash as that had been made, its return
would be a payment over the counter and would not
Another class
be included in our preliminary figures.
dollar taken out of
!
Oct.
THK CIIRONICLK.
7 1905.)
1069
whioh we may assume as entered upon the able contraction as compared with 1902. In the gains
banks' books would be all cash shipments paid for but of the last two years, however, the whole of the 1903
of items
in transit;
these, of 0OUI8I
.
could not be covered
in
the
preliminary estimates, but would, we suppose, be init may, moreeluded in the weekly bank reserve,
over, be a possible occurrence for any of our leading Clearing-House institutions having a real desire for
make
has been recovered, so that the figures for 1905
actually surpass the extraordinary record attained in
loss
I
In brief, for 1902 the aggregate of Clearings
1902.
was 10,158 million dollars, as againsl the total of 10,882
Outside of Xeu York
millions now recorded for 905.
1
has been steadily rising,
been
no falling off even in
on there having in that ease
short notice. Finally at a time when refunding opera- 1903 a fact which furnishes the best evidence and
tions are in active progress, as now, those operations the best measure of the expansion and prosperity of
might be productive of a temporary addition to the the general range of industries. In September 1902
money holdings of banks engaged in carrying through the clearings outside of New York were 3,353 millions;
such transactions. In some of these ways it is easy in September 1902 they were 3,382 millions; in Septo account for the discrepancy which has led to so tember 1904 they were 3,502 millions, while now for
cash for the purpose of fortifying
its
reserve to
arrangements with th Treasury Department
the aggregate of clearings
for gold
—
interesting a discussion.
lilt).")
we
find the
amount up
to 4,023 million dollars.
Reports of mercantile failures also are of an encourThat "nothing is impossible" seems to have new aging nature. According to Dun's Review, the comconfirmation in the continued imports of gold. Water mercial failures in the United States during the first
cannot run up hill without an expenditure of force; nine months of the calendar year 1905 were 8,806 in
move
neither can gold
against an adverse exchange
Yet it is certainly true that
though higher rates for exchange at New York on
London have ruled this week than admit of the profitable import of gold, engagements of that metal
have been comparatively large and no
(,?:> .300 ,000)
doubt at a profit. The enigma is, how has the unnatural in this case been made natural the absolutely
rate except at a loss.
—
unprofitable
made profitable.' We suggested
last
number and $76,234,028
in
insolvencies in the corresponding nine
when
year,
the
$111,659,205.
been 377
amount
less in
against 9,183
liabilities,
months
of last
indebtedness aggregated
defaulted
be seen that the failures have
number and 35 million dollars less in
It will
of liabilities.
The
editor of the
Review notes
as a particularly gratifying fact that no distinctly unsatisfactory results appear in either the separation
week branches
by
of business or the geographical classification.
Even in times of normal prosperity there are often
appearances been bridged. A single transaction would weak spots, due to local or special conditions; but the
be of no moment but this is a continuing movement. latest statistics of insolvencies fail to exhibit, it is
Evidently the gold comes because of the enjoyment by stated, any such undesirable results. Liabilities in
possible
ways
of bridging the
For
uuh.
it
has to
all
;
the shippers of special facilities sufficient to overcome
the third quarter of the year,
we
are told, were smaller
than in the corresponding three months of any year
It seems to be apparent that the purpose of the gold of the preceding twenty-one, with the exception of
import is to buy. with the gold, exchange at New 1899 and 1892. The fact appears all the more sigYork on London. The suggestion is consequently nificant when allowance is made for the large increase
the disadvantage of the exchange rate.
made
may have
taken in the total number of firms in business and the amount
the form of arrangements for participation between of capital involved.
the representative in London of the importer and
the receiver of the gold in New York that as the
Reports of railroad earnings afford evidence to the
that the above-noted facilities
;
The Pennsylvania Railroad system may
an same effect
be
taken
as
typical, because of the representative
is
tiated, such
loan being repaid with exchange to character of its traffic and the circumstance that the
be bought in our market
immediately previous lines of the system traverse the leading industrial
the maturity of the loan.
The profitableness sections of the country, besides gridironing the iron
to
of an operation of this character would be based upon and coal districts.
The company's return of earnings
an important decline in exchange, such as might re- for the month of August has been issued this week,
sult from a free movement of commodities.
If this and it shows a very striking increase in gross earnings
decline occurred, the lulls for the repayment of the as compared with the corresponding month of 1904.
loan could be bought very much below the prices now On the lines directly operated east of Pittsburgh and
ruling.
We can hardly adopt sucn an explanation. Erie the addition to gross receipts has been $1 ,667.600
makes
It
the transaction purely speculative, depend- and on the lines directly operated west of the points
ing upon a future contingency which may or may not mentioned there has been a further addition in amount
be the outcome of events.
of $851,400, making altogether a gain of $2,519,000all this for a single month on one large system.
We do
All the records still testify to the activity and pros- not lose sight of the fact that comparison is with diminOn another page we publish our ished totals in 1904, but lest this fact be magnified and
rity of trade.
lal
compilation- of bank clearings, and they given undue importance, il should be noted that the
total exchanges
>w
hen on the combined lines was no more than
million
dollars loss
of
10,882
September this year, against only 8,857 mil- $1,077,600, as against the present year's increase of
lionfor
September last year, an
increase of $2,519,000.
As far as the net earnings are con2:; per cent.
This, too, follow.- an increase in cerned, the improvement is much smaller, the return
September last year over the corresponding month in revealing a continuation of the augmentation in ex1903 though, on the other hand, in the Last-menl Mined penses disclosed in previous months, bul even in the
year there had been, it may I"- recalls I, very consider- net there i> an increase (Eastern and Western lines
result
amount
of
such
arrangements
sufficient
to
procure
a
time
the
loan
metal
to
.
nego-
i
.
THE CHRONICLE.
1070
[Vol. lxxxi.
combined) of $436,000, succeeding an increase in net, tions incident to the settlements for the Pennsylvania
too, in 1904 of $501,800.
In the following we show and the Atchison bond issues. While exchanges were
the gross and net earnings for the last six years on the $499,502,000, or about 100 millions below the previous
lines directly
operated east of Pittsburgh and Erie,
maximum on May
being the only portion of the system for which we have
the data for such a comparison.
10 1901, the balances were of the
unprecedented magnitude of $33,995,793. On Monday, however, the latter made a new high record of
Lines
$42,331,709.
East
J'ittsburgh.
oj
1905.
1904.
1903.
1902.
August.
Gross earnings. 11.007.490 10,299,890 11,011.290 10,106.990
Opcr. expenses 7,471.428 6.186,228 7,079,628 6,264,52s
1900.
1901.
$
The market for money was active and higher this
It was expected that after the distribution of
Net earnings 4,496,002; 4.113,662; 3,901,002 3,842,462 3,783,462 2.832,315
Jan.X to Aug.7,1
October interest and dividends money would become
Gross earnings. 85.183,869 76,476,669 82,191,909 73,298,369 60,017.169 55.013,367
(Jper. expenses 61,191,313 54 105,113 56.981,513 48.178,313 43.429,312 37,723,171
more plentiful than it had been while preparations
Net earnings 23,992.550 22,371.556 25.210,456 25,120,056 22,587,857 17,290,196
were made in the previous week for such distribution
Note. — These tlgurcs include the BulTalo
Allegheny Valley Division for 1901,
and therefore it is said large borrowers relied upon the
1902, 1903. 1904 and 1905.
In August 1901 the earnings of this division were,
approximately, gross, $826 429; net. $314,027. From Janaury
to August 31 the
call loan branch of the market for funds for stock operearnings of this division in 1901 were, approximately. $5,176,502 gTOSS and $1,757.561 net.
ations.
The demand for money gradually grew urgent
toward
the
middle of the week, and on Wednesday
The Imperial Bank of Germany this week advanced
its official rate of discount from 4 per cent to 5 per cent; some calling of loans by banks and trust companies
with this exception, official rates of the European resulted in a limitation of supplies, while the inquiry
banks remain unchanged. Unofficial or open market from the above-mentioned borrowers, and from others
rates, however, were, compared with last week, 3^ of 1 who were unprovided with time loans, caused a sharp
per cent higher at London 34 at Paris and
of 1 per advance in rates to 8 per cent.
Some money came into
the
market
from
the
interior, in response to the higher
cent at Berlin and Frankfort.
9,21 1,590
1
5,431,128
7.401.901
4,569,646
week.
*•
1
%
,
reported from Paris that a committee of bankers rates, but the large local banks were not free lenders,
and representatives of financial institutions recently and the marking up by them of rates for renewals on
It
is
day caused the development of some
ciding that should the issue take place simultaneously further tension, and the maximum rate was again 8 per
in France, Germany, England, the United States and cent; this figure was recorded on Friday.
Bankers
who
are
in
a
position
Holland the amount demanded would be $360,000,000,
to be well informed, because
half being reserved for the French market.
Should, of their extensive correspondence, regard it as probhowever, difficulties arise, owing to differences in the able that firm, though not stringent, rates will rule for
discussed the conditions of a
new Russian
loan, de-
quotations for Russian rentes in the various countries
the following
the remainder of the year, with occasional advances to
and perhaps above this w eek's maximum.
Money on call, representing bankers' balances,
loaned on the Stock Exchange during the week at 8 per
cent and at 2 per cent, averaging about 7 per cent;
banks and trust companies quoted 6 per cent as the
probably take place at minimum. On Monday loans were at 6 per cent and
named, thereby preventing an agreement with reference to the issue price, the loan would be placed entirely in France, but the amount then would be only
about $200,000,000. The rate of interest, it is stated,
will be 4 percent, with an approximate emission price
of 90; the issue will,
it is
said,
the end of October.
r
at 5 per cent, with the bulk of the business at
5%
per
New York
Associated cent. On Tuesday transactions were at 5% per cent
showing,
it
instead and at 43^ per cent, w ith the majority at 5 per cent.
of the important loss of cash, as estimated in the pre- On Wednesday loans w ere at 8 per cent and at 5 per
liminary reports of the movements of this item, a gain cent, with the bulk of the business at 63^ per cent.
Last week's statement of the
Banks was an unexpected
T
exhibit,
T
of $1 ,522 ,300
.
The deposits were reduced by $2 ,730 ,- On Thursday transactions were
700, and the consequent decrease in reserve requirements by $682,675 caused an increase in the surplus
reserve of $2,204,975, to $7,440,025.
Loans were
contracted by $4,810,300. The bank statement of
this week should reflect, among other items, the receipt
of $3,810,000 imported gold and the transfer hence
per cent, with the majority at
at 8 per cent
6^
and at 6
On
per cent.
Fri-
day loans were at 8 per cent and at 2 per cent, with the
bulk of the business at 7 per cent the lower rate
;
was
recorded in the last half hour, after the
demand
Time loans were
chiefly in request for short periods, and quotations
New Orleans on good mixed Stock Exchange collateral w ere 4%@
for
the
day had been
satisfied.
$200,000 to Cincinnati, of $600,000 to
and of $75,000 to St. Louis.
5 per cent for thirty to ninety days, while for four to
The Clearing House, at its annual meeting on Tues- six months, for which the demand was comparatively
day, referred to its standing committee a resolution re- light, rates were 43^@4% per cent. There were few
questing that committee to take into consideration offerings of commercial paper on the market, merT
of
the matter of harmonizing the relations between the chants resorting to their banks for discounts and rates
Associated Banks and the trust companies, with a view were nominally
per cent for sixty to ninety day
to the reconstitution of the bank statement, so that
per cent for prime
endorsed bills receivable,
,
4%@5
4%@5
provided the trust companies should re-enter the asso- and 53^ @6 per cent for good four to six months' single
ciation as members or otherwise with clearing privi- names.
leges
arrangements could be made whereby weekly
reports of their condition might be published in conThe Bank of England rate of discount remains un-
—
nection with the statement of the Associated Banks,
enabling an intelligent exhibit to be presented of the
changed at 4 per cent, though there were some expectations that, because of the advance by the Im-
condition of both classes of institutions.
perial
Noteworthy records were made at the Clearing
House on Saturday of last week as the result of opera-
increasing tension in the open market, the rate would
be moved upward. It was reported by cable that the
Bank
of
Germany
to 5 per cent
and
also the
.
Oct.
THE CHRONIC
7 1905.]
.
1071
LI-:.
Nominal quotations for sterling exchange are s:'.(</
Bank rate was not advanced this week
86@4 SQ}4 for sight. The
is that the Bank of France came to the relief of the 4 83H for sixty day and
thither
$4,400,000 market was active on Saturday of last week, and, comLondon situation by transferring
reason
why
the
I
1
There have, however, been no advices confirming any such transfer, and it is regarded here as likely
that no gold whatever has been sent from Paris to
London. The cable reports discounts of sixty to
ninety day bank bills in London 3%@3?^$ per cent.
The open market rate at Paris is 2%®2}^ per cent,
and at Berlin and Frankfort it is 3jj^@3% per cent.
According to our special cable from London, the Bank
of England lost £2,328,052 bullion during the week
and held £32,300,944 at the close of the week. Our
pared with the previous day, rates for actual business were 10 points lower for long at 4 8225@4 8240,
5 points higher for short at 4 8525 @4 8535 and 10
uold.
points better for cables at 4
day long advanced 10 points
8585@4 8590. On Monto 4 8240@4 8250, short
8525@4^8530 and cables were unchanged. On Tuesday long was 10 points higher at
S250@4 8260, short 20 points to 4 8545@4 8550 and
cables 10 points to 4 8595 @4 86.
On Wednesday
quotations were unchanged at the close, though the
was due market was active during the day. On Thursday long
5 points to 4
fell
1
correspondent further advises us that the loss
to imports of £5,000 (wholly from Australia), to ex- fell 25 points to 4 8225@4 8235, short 25 points to
ports of £1,250,000 (wholly to Egypt), and to ship- 4 8530@4 8540 and cables 15 points to 4 8580@4 8590.
ments of £1,083,000 net to the interior of Great Britain. The market was heavy on Friday and 10 points lower
around.
all
The foreign exchange market was irregular this
The following shows daily posted rates for sterling
week, though generally strong. As was expected last exchange by some of the leading drawers:
week, there were quite free offerings of commercial
Fri.,
Mon.. Tues.,
Wed..
Thurs.
Fri.,
Oct. 3
Sept. 29 Oct. 2
Oct. 4
Oct. 5
Oct. 6
bills on Monday, but the demand therefor was so
00 days
83
83
83
S3i4
urgent that they were promptly absorbed and rates Brown
B6W
Sight..
Brothers & Co
86!*
86M
86H
Baring,
days
83J?
83
83
83
J60
The tension in discounts at Lon- Magoun & Co
Sight..
86
86
86
speedily recovered.
86H
/
\
1
Bank
British
S3H
[60 days
\Sight..
83H
83)4
83
86H
86H
86jl
86H
don seemed to discourage offerings of new finance bills, Bank of
83K
[60 days
833^
83H
86K
\Slght.
86K
Montreal
8614
though there were extensions to a moderate amount Canadian Bank
83W
/GO days
833^
S3'A
83H
86"^
ISight.
86 H
of Commerce
86K
86^
Sd«
83
83
83
of maturing drafts of this character, which caused an Heidelbach, IckelJ60 days
m-,i;
86"^
ISight..
86H
heimer & Co.
86H
83 V
83
Lazard
(60 days
83
83
advance in sight exchange. Cables were in request
86V£
\Sight-.
Freres
86M
86H
86H
Merchants' Bank
160 days
83^
83!^
83i|
83JI
early in the week for the remittance of balances for
of Canada.
.\Slght-.
86.4
86H
86J4
86H
employment in London. On Wednesday, though the
The market closed on Friday at 4 8215@4 8225 for
market was active between the extreme quotations,
long, 4 8520 @4 8530 for short and 4 8570 @4 8580 for
these remained unchanged compared with those on
Commercial on banks 4 8165@4 8175 and
cables.
the previous day; on Thursday and Friday, however,
documents for payment 4 8134 @4 81%. Cotton for
high money rates directly affected the market and it
payment 4 8134 @4 81%, cotton for acceptance 4 8165
was heavy all around.
Notwithstanding the fact that rates for sight ex- @4 8175 and grain for payment 4 81% @4 81%.
North America
s
change are much above the point at which gold can be
profitably imported as an exchange operation, the
The following gives the week's movement of money
metal continues to be procured in the London bullion to and from the interior by the New York banks:
market for shipment hither, and the reported engageWeek ending Oct. 6 1905.
Shipped by
Net Interior
Received by
Movement.
N. Y. Banks. N. Y. Banks.
ments this week were $3,300,000; it was stated that
Currency
$7,521,000 Loss .$4,048,000
$3,473,000
643,000
1,821,000 Lo«s. 1,178 000
$500,000 more had been secured, but this report could Gold
Total gold and legal tenders. ..
$9,342,000 Loss .$5,226,000
$4,116,000
not be verified. A consignment of $4,000,000 was
said early in the week to be nearly due at London, and
With the Sub-Treasury ^operations the result is as
it was reported that part of this would be secured for
follows:
New York; later it appeared that the greater portion of
Week ending Oct. 6 1905.
Out o]
Net Change in
Into
this sum had been intercepted and directed to Egypt.
Banks.
Bank Holdings.
Banks.
There was a report on Friday that about $4,000,000
Banks Interior movement as above
$4,110,000
S9, 342.000 Loss.$5,220,000
25,595.000 Loss. 2.195.000
23,400,000
had been procured from the Bank of France for ship- Sub-Treasury operations
Total gold and legal tenders.
S27.51G.000
$34,937,000 Loss .$7,421,000
ment hither; should this report prove true, it would
The following table indicates the amount of bullion
indicate that the drain for gold for New York had
been transferred, in part, from London to Paris. in the principal European banks:
The price of gold in the London bullion market seems
October 6 1904.
October 5 190',. 11
1
.
to fluctuate in response to the
when
demand and
arrivals are pending the price rises,
gold has been disposed of the price
and
falls;
after the
The slight fluctuations in the
the metal would seem to indicate that there
of
to
9%
no
may
£
£
]
-.',
I
Silver.
Gold.
Total.
£
£
37
37,903.922!
104,930,550, 44,252.208 149
29.346,000! 10,311.000 39
7.717.000 104
96,641. 000
4s.2i;l,000, 12.212.000. 60
M.>03.000! 20.452.000 35
3.330.3(11) 26
21, 998.000:
903.922
182,758
057.000
:
5,179.600
3,210,6b7|
1,605.:
437.000
328,300
616.700
810.000
a
The division (between gold and silver) given In our table of coin and
Bank of Germany and the Bank of Belgium Is made from the beel
bullion
In the
Qum
banks
are able to obtain; In neither case is It claimed to be accurate, as
no distinction In their weekly returns, merely reporting the total gold and
silver; but we believe the division wo make Is a close approximation
we
arrive to-day (Saturday).
b The Austro-Hungarian Bank Statement Is now toned I" Kronen and Hcocr
Instead of Gulden and Kreutzer. The reduction of the former currency to sterling
•nto
Pounds was by considering the Gulden to have toe valueol
has really no greater value than '-'(i eentt, our oable oorreepondeni m London, in
order to reduce Kronen to Founds, has altered the hauls of conversion by dividing
•^-•J
the amount of Kronen by 24 Initoart of 20
'
Gold received at the Custom House during the week,
$2,742,256.
£
Total.
Tot. week. 387 ..-«4. 266 102.752.632 400,086,898362.573,739 100,016.941 408,590,680
Tot. prev. 396,030.937jl06, 368.324502. 399.201 368.575,272 108.407.871 476.983.143
the
($1,460,000 this week), leaving in transit $3,833,000,
of which $1,000,000
Silver.
I
procurement of the gold.
The record of engagements thus far since the movement began shows a total of $9,225,000, including
$3,300,000 this week;
arrivals
are
$5,392,000
great obstruction
Gold.
32.300.944
32.300,914
France ... 117,595,622: 42,588.432 100,184,054
Germany a 27.457,000 9,153,000 36,610,000
nun
Ilussla ... 114.932,000
5,251 Onn .">
Aus.-Hunb 45,543,000 12,238,000 57,781,000
14,949,000 22,674,000 37,623,000
Italy
24,779,000
3.223,700. 28.002.700
Nethl'dS..
6.597.700
0,034,500 12. 632, 200
Nat.Uclgu 3, ISO, 000
1,500.000
4,770.000
price
is
ol
F.ngland..
the last re-
ported quotation for gold bars was 77 shillings
pence per ounce.
Bank
supply;
I
THE CHRONICLE.
1072
(Vol. LXXXl
In the case of Mr. Shaw, then- has been
THE RETIREMENT OF
SHAW.
SECRETARY
little dis-
pute as to the propriety, on general principles, of the
measures adopted by him to relieve the money situa-
Secretary Shaw's announcement that next February
he will retire from the Treasury Department has ex-
tion.
The extension
required again-t
the field of collateral to be
of
deposits has, in
public
fact,
been
no great surprise, since it had long been known strongly urged by the Chamber of Commerce of this
that he had political connections which it was likely city. The debatable point, then, really is whether the
he would wish to take in hand again before a new market's position, hree years ago this fall, wassu<
Mr. Shaw himself has
Presidential contest. It will be remembered that when to call for emergency measures.
Mr. Shaw succeeded Mr. Gage in Mr. Roosevelt's Cabi- lately stated in public his belief that Wall Street was in
net in February 1902, comment was generally made on September :{() 1902. when he made the two much-disthe fact that Mr. Roosevelt had attached to his own cussed rulings, fairly on the verge of a serious panic.
official family a public man who might otherwise have This is a question on which a general agreement could
been a rival aspirant for nomination in 1904. We do hardly be expected.
We have frequently had occasion to commend Secrenot know that this was the fact, but the rather general
belief entertained at the time throws an interesting tary Shaw's annual reports for their clearness and
light on the Secretary's return to independent public soundness, and for the absence of any such hobby-
cited
t
riding as constantly has occurred in the State papers
life.
Mr. Shaw has in many ways been an interesting of some of his predecessors. Mr. Shaw has held firmly,
We suppose that the judg- in all his official utterances, to a sound position refigure in the Treasury.
ment of financial history on his career in that office garding the currency. He has discussed and clearly
How much of that suc- proved the defects and shortcomings of our pre-ent
will be that it was successful.
cess was due to the Secretary's personal ability and national bank circulation system, and, in general, has
how much to the fortunate financial period with which taken his place with the advocates of a broader basis
his lot was cast, might not be so easy to say.
No on which such circulation might be founded. In his
influences
contributed
their
part.
It
doubt both
is argument of this point, however, he has not gone as
certain that other previous occupants of this great far as did either Secretary Carlisle or Secretary Gage
office, who might have passed with prestige and credit in fact, Mr. Shaw has shown a good deal of caution in
through a period of unruffled national finances, have his remarks upon the question. The Secretary's two
ended in something like final defeat when they hap- statements, one that he could see " no objection to the
:
pened to have been confronted with a Treasury crisis.
This is why so very high rank is allotted by the judgment of financial history to Treasury officers like Alexander Hamilton and John Sherman, whose crowning merit was their successful administration of the
of circulation based on general credits, if
properly safeguarded," and again that " in all financial
issuance
legislation the greatest caution
must be exercised
lest
the currency be suddenly and unduly inflated,'' impress us as utterances of a very proper conservatism.
advocated the making of
rrgitation.
one finds also the silver certificates redeemable in gold on some other
reason for the indulgent view of financial history on questions, such as the wisdom of placing trust comthe mishaps which marked the Government finances panies under Federal jurisdiction, his opinions have
under Secretary Boutwell and Secretary Carlislebeen more academic than practical.
both of them able men who were unlucky enough to
The general administration of the Treasury unde
have fallen upon an almost hopeless situation.
Mr. Shaw has, in many ways, been such as to leave
Secretary
Shaw
would
have
How
passed through a highly creditable record. There have been no scanwhich
this supreme test we can judge only by his action in dals in the Treasury during his term of office
minor Treasury troubles. Mr. Shaw has shown a dis- is saying much at a time when breach of trust in the
position to act quickly and to disregard technicalities ranks of other executive departments has been so
public finances at a time of general uncertainty
In
these
and Mr. Shaw has
also strongly
distinctions
;
—
when he
believed that a
serious
situation
called for
unpleasantly frequent.
The
Secretary's personal
lib-
action has been
official
His policy in September 1902 in super- erality in matters
seding the usual rule and precedent retarding Govern- shown by his easing of the restrictions on imports of
ment deposits in the banks was an illustration in personal baggage and by his recent ruling regarding
such action.
involving
has rather generally been conceded that admission for milling purposes of Canadian wheat in
Mr. Shaw, in the rulings then made, overstepped the bond. The fact that the Secretary is himself an exletter of the law; the question on which agreement is treme protectionist makes his action on these points
point.
It
whether or not the crisis was sufficiently urgent to call for such extension of his
powers. There are instances in abundance in the
career, for instance, of Secretary Chase or Secretary
McCulloch, where arbitral action not wholly unlike
this w as taken in order to deal with a grave emerIt may fairly be argued that the national
gency.
finances would have fared better in 1894 had Secretary
Carlisle pursued more unhesitatingly a similar policy.
On the other hand, the assumption of unusual powers
by Secretary Boutwell during the panic of 1873, in
reissuing the legal tenders which had been formally retired by law, was an instance where much more harm
than good was done.
not so general
r
is,
all
the
more
creditable.
Mr. Shaw's successor in the
Treasury will be confronted with larger and graver
In the course
questions than he has had to deal with.
It is quite possible that
conditions which go far to
such a Cabinet Officer hard or easy
of time, outside financial
make the path
are liable to
bility of
of
some change
;
revenue legislation
as the financing of the
there
;
is
always the possi-
large undertakings, such
Panama
Canal, are impending,
and the question of bank-note circulation is likely to
The
come up suddenly for practical consideration.
question of selecting the right
man
to conduct
the
public finances at such important junctures will before
long occupy a large place in the public mind
r.
THE CHRONICLE.
7 1UU5.I
The annual report of the Illinois Central Railroad
Company shows that this important railroad property
is still progressing along the lines on which its success
run
miles
the
THE ILLINOIS CENTRAL REPORT.
107:5
by
trains
freight
1904-05
in
having aggregated only 17,426,682 against is, 797 ,032
in 1903-4.
The previous year the average train-load
had shown some falling off (conditions not having
been favorable, as already pointed out. for the attain-
and prosperity have been built, a feature being a ment of good operating results) but in 1904-05 not
further noteworthy advance in operating efficiency only was the whole of this loss recovered, but a very
during the year. The income results differ from those striking advance in the lading of the trains was
From an average of 277 tons in 1903-01 the
of most other large systems tor the same period of effected.
twelvemonths in that with a large gain in gross re- train-load increased to 319 tons in 1904-05 an ad,
—
ceipts
it
has been found possible at
the
same time to
The
vance of almost
This covers revenue
15 per cent.
Adding company freight, the average
was 300 tons as against 332 tons in the previous
The company realized lower average rates than
that gains in gross revenues would be consumed in year.
large part, if not entirely, by augmented expenses. the year before on its freight traffic, namely 5. 87 mills
Indeed, that was the experience of the Illinois Central per ton per mile against 0.07 mills, but owing to the
itself in the previous fiscal year, and in that fact, to- larger load the trains earned $1.87 per mile run in
Here.
gether with the further development of operating 1001-05 against but $1.68 the previous year.
efficiency, is found the explanation of the more satis- then, we have the secret of the improved showing ol
make
a substantial addition to the net earnings.
freight alone.
ordinary experience has been, as the reader will recall,
load
factory net results in 1904-05.
net
Stated in brief, gross receipts from
traffic
increased
|2 ,077,514, while expenses of operation increased only
$201 .007. and taxes increased $85,017, leaving $2,301
-
In the previous year, with an
490 gain in the net.
increase of SI .645 ,059 in the gross receipts, expenses
income.
The company had larger annual requirements for
interest and rentals to meet and the rate of distribution on the stock was increased from 6 per cent per
annum to 7 per cent, through the declaration of two
extra dividends of V£ per cent each.
The first extra
payment of Y^ of one per cent was made in
commemoration of the one hundredth consecutive
cash payment to the shareholders and the other
per cent marked a repetition of that special payment
of 3^ per cent.
But while the call for the dividends at
7 per cent was $6,652,800, the net income available
on the operations for the twelve months was no less
than $10,135,342. There w as therefore a surplus remaining in amount of $3,482,541. Out of this surplus
there was set aside for betterments the sum of $1,683 ,886, $500,000 was added to the insurance fund (so
that the company may be better prepared to meet
and taxes had increased no less than $3,037,727, producing an actual loss in net then in the sum of $1,392,ii67.
We commented on this large augmentation in
expenses at the time and showed that while the Illinois Central had suffered from causes common to the
whole railroad system, such as the higher rates of pay
to the employees (over $1,200,000 increase occurred
in the amount paid in wages to those engaged in the
operation of the railroad) there were also certain special causes contributing to swell the expense accounts
and which might not be repeated another year. We
pointed out that it was quite likely that a saving
might be effected in the cost of fuel, and furthermore special claims arising out of the fire last February at
that with traffic no longer increasing faster than fa- New Orleans) and $1,255,396 was applied to wipe out
cilities could be provided to take care of it. it might
the discount on the large bond sales of the year, as
lie p — iblc to carry into effect
methods for the more more particularly ief erred to further below. While
meal transportation of freight the previous con- the contribution for betterments was materially smaller
business not having permitted the handling than in the preceding year and much smaller than the
and moving of traffic to the besl advantage.. Then year before. 'the total amount of surplus earnings apalso the prolonged and intense cold experienced during plied in one way or another for the various purposes
the winter of 1903-04 had served very greatly to in- mentioned was larger, the comparison being $3,439 ,cxease operating cost.
282 in 1904-05 and $3,115,947 in 1903-04. Including
^
r
.
.
'
Whether
or not the explanation of the better net
amount
stock during the twelve months was
the surplus apportioned in these ways, the
results obtained in 1904-05 lies in these circumstances,
earned for the
the fact remains that cosl of transportation was ma- over 10J-2 per cent, against the 7 per cent actually
terially diminished.
Upon maintenance account, ac- paid on the same.
tually $897 252 more was spent than in the preceding
The balance sheet discloses a decided change in the
year.
Cost
effected in
of
conducting
by
SOS.:',
transportation,
No doubt
887.
the item of fuel, and
ii
however.
saving
a
appear-
too
was
that
mileage of cars showed a credit balance of $122,236,
debit of $69 745
.
truth
the previous year.
in
company during the twelve months.
preceding year the company had to draw upon
finances
In the
its
ol
the
temporary borrowlarge capital expenditures which
cash resources and indulge
ings to provide for
The had
its
not then been financed.
in
Asa
result, the
balance
though, the saving extends through the -heel on June 30 1904 recorded $3,000,000 of
whole range of items -the freight train expenses, for payable, while current liabilities exceeded current
•(:,
having diminished as much as $777,740. Bets in amount of $5,008,059. Now the item of
is,
When we
turn to the
the particular
be
ton<•<•
the
in
manner
and operating
traffic
in
payable
sta
which economy was enfon
Though 338,006,940 n
were moved than in the pre-
readily apparent.
ol
freight
ear
additional
ght
one mile
(an
increase
work
train
was
mileage
of
roughlj
done
of
o'.j
with
over
7
:.
:
,
of
cash
the
company
bills
reports
on
instead of current liabilities exceeding current
ass<
now .-how an excess in amount
The company sold $15,687,000 of bonds during
the latter
reduction
182.
cent,
disappeared, and
as
hand iso.oir.oil).
$10,000,000
Moreover,
against only $1,396,325 on June 30 1904.
almost
percent),
per
has
bills
the year (the most of the-c having been
of
in
$6,320,
the treas-
THE CHRONICLE.
1074
[Vol. lxxu.
—
ury when the year opened), and realized $14,304,142 and connecting lines every step being in accordance
from the sale of the same the discount of $1,255,396 with well considered and carefully matured plans
(the bonds were all 3s or 33^s) having been provided with the result that some 800 miles have been added
The to the mileage covered by the report during the ten
for out of surplus net income, as already noted.
company still held bonds unpledged in its treasury years. In other words, as against an average of 3,826
June 30 1905 to an aggregate of $17,571,359 par value miles for the late year, the average in 1894-95 was 2,955
miles.
This, however, is an addition of less than 30
and $16,894,983 book value.
Altogether $4,400,822 was spent in permanent im- per cent in length of road, whereas gross receipts, as
provements upon the property during the twelve we have seen, have increased 100 per cent. Conclumonths, of which amount $1,683,886 was provided sive evidence of the growth and development which
out of current income as stated above and $2,716,936 have been established is furnished in the revenues per
was charged to capital account. The report repeats mile, showing $10,066 earned gross per mile in 1904-05
—
namely that against only $6,521 gross per mile in 1894-5.
The further addition to gross earnings during the
the policy of improving the standards of maintenance
weight
of
late
year, amounting to $1,573,298, is perhaps as sighas been strictly adhered to. The average
rail in main track is 73' 50 pounds to the yard against nificant as anything, even though it was attended by
72- 78 pounds last year and 71*96 pounds the year be- a comparatively small increase in the net earnings,
We say this further addition in the
fore, while the average tractive capacity of locomo- namely $224,805.
tives on level tracks is 3,860 tons against 3,734 tons late year is significant because it was made in the face
The large cotton crop
in 1904 and 3,573 tons in 1903. The average capacity of some adverse conditions.
34*21
against
tons
raised
in
now
1904
was
undoubtedly
a favoring influence,
of revenue freight cars is
33*77 tons and 32*87 tons. Through the great ex- both directly and indirectly, during the whole of the
pansion in both the freight and the passenger traffic, twelvemonths. On the other hand, the Louisville &
the company is steadily increasing the service ren- Nashville has an extensive mileage in the Southern
dered to the public. No less than 5,559,139,454 coal and iron districts, and certainly conditions there
tons of revenue freight were carried one mile in the could not have been very favorable during the first
late year and 583,481,895 passengers were moved one six months of the fiscal year, though they became
During
mile, making altogether 6,142,621,349 units of service. extremely favorable the last six months.
A statement is given in the report showing the units the summer of 1904, it will be remembered, the
of service rendered per mile of railroad operated, and iron and steel trade was still in a state of great
from this it is seen that the average of such units of depression, and it was not until towards the close
calendar year
1904
that
the
revival
service per mile in 1905 was 1,404,378, against of the
while
and
only
in
came,
it
was
not
until
previous
year
730,271
some
time
the
1,314,692
1895-96.
In other words, in nine years the average afterward that the effects could have been felt in a
of the units of service rendered per mile has almost material enlargement of the tonnage from those disthe statement
made
in previous reports,
doubled
We
tricts.
tons
GROWTH OF
LOUISVILLE &
RAILROAD.
NASHVILLE
moved
notice, too, that in the actual
number
of
the freight traffic of 1904-5 did not quite
equal that of 1903-4, the
comparison being 21,041,000
tons as against 21,429 278 tons, though the
;
number
In contemplating the lesults disclosed in the annual of tons moved one mile increased somewhat, being
report of the Louisville & Nashville Railroad Company, 3,505,899,568 tons as against 3,460,354,603 tons, owthe thought which suggests
do not stand alone
in
itself is
that Western roads
revealing wonderful
growth
in
and revenues in recent years. The record of
the Louisville & Nashville Railroad is such as to
traffic
entitle
that property to
much
the
same
distinction.
The system comprises altogether 6,722 miles
but the figures
4,101
in
of road,
the report are based only on the
miles directly operated, the rest of the mileage
being operated under separate organizations.
Confining ourselves to this latter, or rather to the
an inciease
Earnings
from freight gained only $383,809 over the year preThere was, however, another striking expanvious.
sion in the passenger earnings
the best evidence of
the way business is being developed and of the increase in population, and the growing prosperity of
the sections tributary to the lines of the system. On
this point it is only necessary to say that the earnings
from the passenger trains were $10,386,044 in 1904-05,
against $9,280,437 in 1903-04 and $8,555,353 in
ing
to
in the length of haul.
—
3,826 miles which represents the average length of
road operated for the twelve months, we find that
1902-03.
gross earnings in the late year were $38,517,070.
late year yielded comparatively
ing back ten years to 1894-95
it is
Go-
seen that the aggre-
gate of the gross at that time was only $19,275,993.
We
have stated that the increase
nes earnings.
Louisville
&
In
little
this, of course, the
in gross in the
addition to the
experience of the
Nashville has been like that of most other
United States. It is costing more
to operate the railroads for obvious reasons, notwithstanding the introduction of new economies in management intended to reduce the expense of transportation per unit of service, and there is also a tendency
whenever the
to put an increasing amount of earnings
back into
size of the earnings warrant such a step
as
avoid
to
undue inflation of fixed
out much, or to favor a policy of expansion, such as the property, so
permit
the
cheapening
of transportation
characterized
many
of
and
the
charges
which
has
railroads
that
in
other parts of the country, there has nevertheless been service to the public. As is well known, the Louisville
a judicious construction of new branches and feeders & Nashville closed its construction account on July 1
Hence, in a decade the total of the gross has been just
about doubled. In the net the ratio of gain has not
been so large, and yet the amount at $12,027,049 for
1904-05 compares with only $6,998,220 in 1894-95.
Of course in the interval there has been some addition
For, while the manto the length of road operated.
agement has never evinced any inclination to spread
large systems in the
—
—
%
(
THE CHRONICLE.
1905.|
iff. 7
—eleve
1075
—
and the items theretofore in- cash on hand was only $601,037. On the other hand,
have since then been charged the treasury holdings of securities are of unusual probead
cluded under that
During the late year portions. Of Louisville & Nashville issues the comdirectly to operating expenses.
L894
years ago
I
the expenditures of that description
ment and
property
for
improvements and
— were
12,562,314
— that
is
for equip-
for additions to
against
$l,74b\lS;>
pany held
in
its
treasury no less than 821,562,000,
$5,972,000 of this consisting of Unified 50-year 4 per
in cent bonds and $14,543,000 of Atlanta Knoxville &
the
The company
same time held $3,840,930 of other issues
The stock issues held in the treasury need
1903-4.
Cincinnati Division 4 per cent bonds.
Notwithstanding the small gain in net the late year,
the income account presents a strikingly favorable exAfter providing for all operating expenses and
hibit.
for all interest and rental charges and exceptional
also at the
allowances and deductions, a balance of income re-
Nashville
mained on the operations
sum
of
The
SO .827,039.
of the
twelve months
in the
rate of dividends on the stock
company, it may be recalled, was increased during the year from 5 per cent per annum to 6 per cent.
But the requirements for the dividends at 6 per cent
of bonds.
hardly be referred to, since they cannot be considered
available for sale, though they comprise $1,676,100 of
Chattanooga
&
and $1,979,600 of Nashville
both
of
We
Louis Railway stock
Decatur Railroad stock,
St.
&
which are worth way
in excess of par.
some improvements made
in the various compilations contained in the pamphlet
report.
This year there have been some more changes
against
the
net
were only S3 ,600 ,000. as
$6,827,039
One new table in particular deof the same kind.
income available, leaving a surplus above the dividend serves mention. It covers two pages, and is so conpayments in the large sum of S3 ,227 ,039. Stated in structed as to show at a glance how the securities
another way, while 6 per cent was paid on the stock, owned are held whether in the treasury, in trusts, or
This table cannot fail to be very
11 1-3 per cent was earned.
in sinking funds.
We have spoken above of the increase which has useful to all those who have occasion to study the reof the
referred last year to
—
occurred hi the mileage of the system during the last
port or to refer to
it.
ten years through the judicious construction -of some
new
A
pieces of road.
considerable portion of this
increase occurred during the last twelve months, the
addition in that
period having been
somewhat over
Of this the principal additions have been
ITEMS ABOUT BANKS, BANKERS AND TRUST
CO'S.
—
The public sales of bank stocks this week aggregate
176 shares, of which 111 shares were sold at the Stock Exchange and 65 shares at auction. The transactions in trust
company stocks reach a total of 79 shares. Two shares of
400 miles.
the Atlanta Knoxville & Northern Railway (which stock of the New York Life Insurance & Trust Co. were sold
had been previously controlled but was separately op- at 1101 an advance of 66 points over the price paid at the
made in August. The table below, given
erated), the Knoxville La Follette & Jellico Railroad, last previous sale,
in our usual form, shows the actual sales of New York City
the Bay Minette & Fort Morgan Railroad (touching a
bank stocks made during the week at auction and at the
fertile agricultural country in Alabama) and some ex- Stock Exchange.
Extensive tables showing the bid and
The asked quotations, deposits, su plus, &c, of banks and trust
tensions on the Birmingham Mineral Division.
Louisville Henderson & St. Louis Railway was also companies in all important ities of the United States are
added, a majority of its capital stock having been ac- published monthly in the "iiank and Quotation" Section,
—
,
quired, but this did not
since said
road
count in the year's
still
is
results,
operated separately.
The
Atlanta Knoxville & Northern and the Knoxville La
Follette & Jellico Railroad form exceedingly import-
The
road connects the
southern end of the Knoxville Division of the Louisville & Nashville at the Tennessee State line with the
ant pieces
of
road.
Jellico
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
1083 and 1084.
BANKS—
New York. Lov.
Shares.
5 Amer. Exch'nge Nat. Bk_277%
xlll
28
2
30
&
High.
277
201
Commerce, Nat. Bank of. 203
Mechanics' Nat. Bank
289% 289
263
263
Oriental Bank...
Produce Exch. Bk., N. Y.175
175
TRUST COMPANIES, New York.
1451
Farmers' Loan & Tr. Co.. 1451
Lawyers' T. Ins. & Tr
330% 330%
N.V. Life Ins. & Trust... 11 01 1101
671
671
Title Guar. & Trust
Brooklyn.
TRUST
309
Long Island Loan & Tr... 309
%
%
%
Close. Last previous sale.
27734 Sept.
203
Sept.
289%
Sept.
263
175
June
May
1905—
1905—
1905—
1905—
1905—
276
200
295
250
200
Northern Railway at Knoxville.
1451
Aug. 1905— 1451
50
330% Sept. 1905— 335
10
the
trackage
rights
enjoyed by the Atlanta
With
1101 Aug. 1905— 1035
2
671
Sept. 1905— 667%
15
Knoxville & Northern from Marietta to Atlanta, the
COMPANY—
1904—295
Dec.
309
2
two roads give the Louisville & Nashville a through
x Sold at the Stock Exchange.
line from Cincinnati to Atlanta. This cannot fail to
Henry R. Carse, Assistant Cashier of the Hanover
be of great utility and advantage since previously the
only line between Cincinnati and Atlanta has been the National Bank of this city, has been elected a director of the
Mount Vernon Trust Company of Mount Vernon, N. Y., to
Cincinnati Southern, which is under the control of
fill a vacancy caused by death.
another system. The L. & N. is at present engaged
A New York Stock Exchange membership was transin reducing grades on a portion of the Knoxville Diferred on Thursday of this week for $85,000, the highest
vision, and also at points along the Atlanta Knoxville price ever paid, and an advance of $1,000 over the pre& Northern, and when this work is completed the vious high record.
The annual meeting of the New York Clearing House
company will have a pretty direct line between CinAssociation
was held this week. The subject of the relations
cinnati and Atlanta, a distance of about 485 miles,
of the trust companies to the Clearing House was taken up,
with quite favorable grades.
Atlanta Knoxville
—
—
—
and the discussion led
to the adoption of a resolution
which
The company created some important new bond is- may eventually result in the re-entry of trust companies to
sues during the year, but the amount of the bonded Clearing House privileges. The resolution was proposed by
debt outstanding in the hands of the public was President W. A. Nash of the Corn Exchange Bank following
changed very
aggregating 8114,440,500 June 30
1905 against $113,442,500 June 30 1904. As no bond*
little,
were sold during the year, the company was obliged
to draw upon its cash resources, and we notice by the
remarks on the matter, and is understood to be as follows:
Retofoed, That the Clearing House Committee be requi
to consider the relations of the Clearing House and bfa
companies, to the end thai harmonious relations may be renewed on a basis thai will Insure their return to the
ing House, either as members or through representative
his
balance sheet that on June 30 1905 the aggregate of bunks.
<
[<
THE CHRONICLE.
1076
Mr. Nash, it is stated, also brought up the question of the
weekly bank statement, which he is said to have characterized as inadequate, if not farcical, since with the trust comDupanies missing it furnishes no guide to the situation.
National
Exchange
Clarke,
President
of
the
American
mont
Bank, has been re-elected President of the Clearing House.
[Vol. i/03i.
have approved Hie plan for reorganization
submitted by Hugh L. Bond Jr., representing Speyer & Co.
of this city.
This plan,
is added, has been before the t:
company's officers for a period of nearly six months; it
been approved unanimously by the executive committc <f
the board of directors of the Maryland Trust by a vote of 15
George F. Krapp, Cashier of the Cooper Exchange Bank to 3, and by the stockholders by a vote of 11,293 to 2 4.
serve upon the executive
of this city, died suddenly on Wednesday as the result of a James Speyer of Speyer & Co. will
committee of the reorganized company.
fall.
consideration,
it,
—
—The
October 1 statement of the New York Trust Co. of
shows deposits of $51,383,205; loans on collaterals,
$35,269,517; bonds and mortgages, $3,389,883; bills rethis city
ceivable,
$3,431,577;
securities,
$14,442,352;
surplus,
$7,892,086.
— Marcell
Kahle was
—
James C. Fenhagen, at present Assistant Cashier of the
Merchants' National Bank of Baltimore, has been chosen
as Cashier of the Maryland National Bank, to succeed Joseph
C. McKellip, resigned.
Mr. Fenhagen will assume the duties
of his new office on the 16th inst.
—Edward
lately elected a director of the Citi-
Central National Bank, 320 Broadway, succeeding
William E. Wheelock, deceased. Mr. Kahle is President of
Messrs. George Borgfeldt & Co., commission merchants and
importers of fancy goods.
zens'
L. Bartlett of Bartlett,
Hayward &
Co., Balti-
more, and a member of the boards of directors of the Western
National Bank and the Continental Trust Company of Baltimore, died in that city on the 29th ult.
— The
Dauphin Deposit Trust Company of Harrisburg.
began business as successor to the Dauphin DeYork banking interests have acquired control of the Second posit Bank. The trust company has a capital of $300,000.
National Bank of Jersey City. The bank's officials will, it is and is under the management of James McCormick, PresiThe institution dent; \V. K. Alricks, Treasurer, and Donald McCormick.
stated, continue in their present positions.
has $250,000 capital, $104,367 surplus and profits and Secretary.
$930,800 deposits. The price paid for the stock is reported
At a meeting on Nov. 2JS the stockholders of the
Mr. William Hogencamp is its President. Hazelwood Savings & Trust Company of Pittsburgh will
to have been 140.
Walter E. Northrup, Manager of the Central Bank of vote on the proposition to increase its capital of $125,000.
Oneida, N. Y., which assigned in June, died on the 4th inst. The increase, it is stated, will probably be to $175,000. It
—The Jersey City "Journal" announces that certain New
Pa., lately
—
—
— Henry
S.
Grew 2d on the 2nd
inst.
assumed the
office of
President of the National Union Bank of Boston, to which
he was recently elected to succeed James R. Hooper, the
latter having become actuary of the New England Trust
Company. Mr. Grew was formerly Assistant Treasurer of
the City Trust
Company
of Boston.
— The National Deposit
Bank of Philadelphia began busiThe bank has a capital of $200,000
ness on Monday last.
and a surplus of the same amount. John F. Finney is the
•President and William B. Vrooman Cashier.
—
In consequence of impaired health Theodore L. De Bow
has resigned as Cashier of the Central National Bank of
Appreciation of Mr. De Bow's long and
Philadelphia.
faithful association with the bank will be appropriately
recognized on the minutes of the institution.
Mr. De Bow's
successor as Cashier is William Post, who has heretofore
been Assistant Cashier. William Y. Conrad has been
appointed to the latter office.
-—A committee has been formed by
representative bank-
intimated that the issuance of the additional capital is
purpose of acquiring the stock of the Hazelwood Bank
with a view to merging the two institutions.
is
for the
— Adam
Graham
has been elected to succeed the late
Luther Allen as President of the Reserve Trust Company of
Cleveland.
Mr. Graham was formerly Vice-President of the
company.
— The
proposed Ohio bank
bill
failed of
endorsement at
the Convention of the Ohio
Bankers' Association. After
considerable argument over the adoption of the bill as
drafted by the committee appointed for the purpose, the
matter was finally laid on the table. It is said, nevertheless,
that the State Board of Commerce will introduce the bill in
the General Assembly.
Copies of the measure are being
sent to members of the board for suggestions or amendments.
— Bids
for the sale of 52 shares of stock of the Brighton
German Bank
trustee in
of Cincinnati, asked for
bankruptcy
of
Holzman A
by H. P. Boyden,
Co., resulted in
its sale
Edgar Friedlander at $201 62^ per share. Mr. Boyden
ing houses in Baltimore for the purpose of opposing the
had advertised that no bid less than S201 per share would be
adoption of the plan presented by Hugh L. Bond Jr. for the
In addition to the above Mr. Friedlander purreceived.
reorganization of the Maryland Trust Company of Baltimore.
chased at the same price 31 shares of the bank not adverIn an advertisement appearing in the papers of that city, the
houses referred to state that the offer made by Mr. Bond is
in their opinion inequitable, and in no sense commensurate
with the value of the assets of the company.
For the purpose of controlling the situation they seek to "accumulate
and pool" 7,200 shares of stock of the Maryland Trust one-
—
third of the total issue.
The holders
of this
amount
are
requested to deposit the stock with the Baltimore Trust &
Guarantee Company, $30 per share in cash being offered
for the entire amount deposited, or depositing stockholders
may sell to the committee only one-half their stock at $30
per share and participate on equal terms with it to the
extent of the balance of their holdings. The offer, it is
expressly stipulated, is for only 7,200 shares, and will be
withdrawn when this amount of stock has been deposited.
The institutions interested in the movement are Owen Daly
& Co., D. Fahnestock & Co., Frank. Rosenburg & Co..
Hambleton & Co., Harrison & House, Middendorf. Williams
& Co., H. A. Orrick, Sutton, Strother & Co., and Edward
Badart.
In the meantime the supporters of the bond plan are proceeding to carry it out. The Maryland Finance Corporation,
which will undertake the liquidation of the assets of the
Maryland Trust Co. under that scheme, recommends in an
advertisement to the trust company's stockholders that they
immediately deposit their stock with the Safe Deposit &
Trust Company of Baltimore.
The advertisement states
that the directors of the Finance Corporation, after careful
to
tised
.
—
Newell C. Knight, for many years at the head of the
brokerage firm of Knight, Donnelley & Co., Chicago, has
been appointed Manager of the Bond Department of The
Royal Trust Company in that city.
—The
functions of the American Guaranty Company of
Chicago as applied particularly to stocks and bonds are the
subject of a pamphlet lately issued by that institution. A
feature of its business is the assumption of four classes of
corporate obligations. These embrace, 1st, the payment of
the principal of bonds; 2d, the payment of interest on bonds;
3rd, the redemption of corporate stock, and, 4th, the paj-ment of dividends on redeemable and preferred stock.
These four points are treated in detail in the pamphlet.
The company also performs the following services for its
clients, assuming the expenses thereof: it secures the services
of a trust company to act as trustee for the bondolders and to
certify to the genuineness of the bonds; it prepares the necessary deed of trust in conformity with the requirements of the
trustee; has the bonds and coupons engraved or lithographed, laying the same before the officers of the corporation
ready for execution; attends to all details of an issue of bonds;
furnishes engraved or lithographed certificates of stock
bearing proper endorsement of guaranty and ready -for
issuance, and prepares and submits the form of necesary
motions and resolutions to be passed by the stockholders
and directors, and otherwise supervises all work affecting;
.
Got.
THE CHRONICLE.
The company
—The San Francisco National
7 19<)5.l
the legality of the issuance of the securities.
was established in 1892 and has a capital and surplus of
$500,000 each
— Receiver
David B. Lyman
Third National Hank
of Chicago, who is now distributing a dividend of 15 per cent
to the shareholders of the bank, has received authority from
of the
the Comptroller to pay a further dividend of 5 per cent.
will be paid about the 10th insi
and will brins the aggregate dividends up to 42 per cent.
The proposed disbursement
—The stockholders
Memphis National Bank .if Memon
September 25th the liquidation
phis, Term., authorized
of that institution, to take effect on the 10th inst. As prevously reported, the bank will be absorbed by the Merchants'
Trust Company of Memphis, the latter having lately P u rof the
Hank of San Francisco, CaJ.,
of
from
the
Hank
California the prope
at
has purchased
the corner of California and Leidersdorff streets.
The -it«
will ultimately be the permanent home of the San Francisco
\
National.
ton Trust
&
for
Savings Hank, and
The
his associates.
latter
continue as a distinct corporation.
will
— Thomas R.
ing
business
MeGahan. Presidenl
& Trust Company of
M MeGahan was
of California will
its
Edwin Bonnell, formerly Assistant Cashier,
<V
owti
a
re
Cyrus W
Boston becomes Assistant Cashier.
been
of
C arm any.
Bank
the directors of the
stated that
i>
ha
San FranWilliam A.
Loan Society
cisco, to succeed the late
of Italy at
San Francisco lately called an instalment, payable immeThe
diately, of $10 per share on the subscribed capital.
paid-in capital prior to this call was $150,000.
—It
by
stated that articles of incorporation have been filed
is
Company of Oakland, Cal. The
have a capital of $200,000, has purbuilding on Twelfth Strict between Broadway and
Hankers'
the
of the
Exchange Bank-
chased
C,
died on the 26th
Franklin.
Charleston, S.
in his
Hank
the
the completion of
until
elected Cashier of the Savings
which
institution,
W. King
McDowell has been elected to the presidency of the institution, while R. E. Muckenfuss has been elected Secretary and
ult.
meantime
the
The latter came into possession of the property
building.
several month- since at the time of the absorption by i' of the
London & San Francisco Hank the last named having
previously occupied the quarters.
It
on Mondaj*. The institution, as
has
earlier issue,
been organized with a capital
of §250,000 by Thomas R. Preston. President of the Hamil-
open
noted in an
to
is
In
OCCUpy the premises
chased a controlling interest.
—The new Hamilton National Bank of Chattanooga, Term.
1077
eighty-first year.
a
Trust
to
is
President Ben].
Cohen
I.
of the
Portland Trust
of Oregon, at Portland, has prepared a little
What
Company."
a Trust
is
Company
book
Besides defining
entitled
such an
-
Treasur
which
he states "is a financial department
organized to conduct any business that is
National Bank of Birmingham, Ala., from $500,000 to related to finance, to the conduct of trusts, or to the varied
$1,000,000 will be presented to the stockholders at a special forms of agency transactions," Mr. Cohen incidentally
meeting on the 10th inst. It is the intention to offer the alludes to his own institution and the departments operated
new stock to the present shareholders at par. in proportion by it. The company was incorporated on April 22 1887 and
to their orescnt holdings. The surplus and profits of the is the oldest trust company in the State.
While organized to
bank on August 25 amounted to $354,514. W. P. G. Har' - perform the functions of executor, administrator, guardian,
ing is the President.
etc., it is not empowered under the laws at present in force in
The Bank of Commerce of Fort Worth, Texas, a private that State to put its powers in this respect in operation. It
banking institution, voluntarily closed its doors on the 6th is, however, fully competent to conduct what is termed
The deposits were trifling. According to press "testamentary trusts," and the great bulk of its trust business
ultimo.
dispatches Leonard Imboden claimed to own the largest in- is the conduct of "trusts by private agreement," which it
terest in the bank, which it is said has a capital of $100,000. states may be defined as those trusts "created by the express
It is alleged that the suspension was the result of the closing of agreement of the parties, without the intervention of th'
*
By reason of *"
the Denver (Colo.) Savings Bank.
J. A. Hill, President of Probate Court or other legal machinery.
c
**
our
methods,
these trusts are of in*"
great elasticity of
the latter, was Vice-President of the Fort Worth institution.
jiilite
— Noah Harding and L. C. Hutchins have been elected variety, and there is scarcely anything that a client
desires
The company op'
that we cannot carry out."
Vice-Presidents of the Fort Worth National Bank of Fort
grates a
Financial Department, equipped for the conduct o'
Worth, Texas. Mr. Harding was formerly Cashier and Mr.
of general banking, as well as a Real Estate Depp
X *1 forms
Hutchins Assistant Cashier of the institution. Oscar Wells
j-U#en
New interests have lately become iden'
and Elmo Sledd have become respectively Cashier and
the
Oregon Savings Bank of Portland, Ore|jfied with
Assistant Cashier.
Moore, one of the directors, has increase
Walter H.
Q
The Beaumont National and the Cull' National banks of
has become President, succeeding L
holdings, a
Beaumont. Texas, have consolidated.
The Beaumont NaE. BLytic has also become a large stockle
tional (capital $100,000) was taken over by the Gulf National
O. Ralston.
elected
Fried,
A
a Vice-President. Leo
been
.4derau<l has
on the 29th ult,but the stockholders' meeting for the purpose
Vice-President
and
Manager
of the
General
.Mien,
of formally placing the institution in liquidation will not !>••
R. J. Ginn and H. A. Moor>
& Texas By-,_
«
Kansas
held untfl November 2. A meeting of the stockholders of the
^ssouri
holders.
The bank was o>Gulf National will be held on the -ante date, when action on
of $100,000.
the proposition to increase the capital of the bank from
The Washingto'
$100,000 to $150,000 will be taken. The board will also
Wash.
at this time be increased to give place to some of the directors distributing a parr
for
of the absorbed bank.
The officers of the enlarged Gulf the past ten yea
institution,
— The
proposition
to
increase
the
capital
of
the
First
store
.
.
.
—
-
—
.
^
S
V
—
National are President Thomas H. Langhani, Vice-President- \V B. Dunlap and A. Williams, Cashier J. L. Cunningham and Assistant Cashier P. H. Doty
—The death occured on the 16th
ult. of
wood, Vice-President and Manager
Trust Company of Anaconda, Mont.
Marcellus B. Green-
of the
Daly Bank and
DaU
.
.rs
August 25
August ?
Augur
Snrpi»r
Capri'*'and Prolit*-
Auf
— At a special
t
meeting of the stockholder- of the Wester
National Bank of San Francisco, to be held on October 1'
proposition to increase the capital from $500,000 to Si
000 will be voted upon.
—The stockholders of the California Safe
Company
OgUBt 25 1900
August 25 190K
Augurt 25 1902
August 25 190o
as
,Bit
&
Trust
,uthorizcd the
which was made
:
addition of $600,000 to
price
,ne selling
beside*
stock,
w
w
J2 ,000
the aurpl'i-
.ooo. will
i
»1
«m
to $4.0
^ts from $860,964
po
prominen
" "a
this
of
.fficerj
»
«>
md
R
•
are
i
2,916,657 05
I ,966 19
3
3.324.476 18
09
3 342.690
01
31
1,081.753 21
905,708 00
886,350 03
hm
^
^
ttttioB.
tle
,
l'.065,309
*™$£%i *
u
QTaves, vn
talker, B
C ashier
Cashiers.
Backus AwuBtan!
.220.K38 93
1
2,036,945 69
2*372.274 98
S69.922
C apitalj
«om
05
685.352 28
1,035,575 84
016.575 20
t
:';-;:,;:;',7,i,v,.
.
I
the
>
exchange
ca8b and
1
•437,464
M
a
,000,-
r
Deposits.
$360,964 03
794,597 75
287 ,557 57
362.105
152,560 61
v>4,897 57
-
ABgurtMWW"
6,
'
enabl
jU St25l899
l)cp,
San Francisco on September 5
contemplated increase in capital, mention of
in these columns on August 12.
With
$150 per diare, the issuance of the d<
creasing
e capital from $1,000,000
of
$122,677 47
126,888 27
139,176 59
168,719 46
225,588 65
i896--,6 189726 189R
Cash and
Exchange$137,432 18
ri
.
M(1 , llt;
Rallph
,,r ,% efl
<• GrftV
-
The
and
a
E
^
')<-
Leroy
h(
THE CHRONICLE.
1078
—
The Canadian Hank of Commerce (head office Toronto)
has opened a branch at Brandon, Manitoba, wit A. Maybee
as Manager, and at Vcgreville, Alberta, with H. I. Millar
temporarily in charge.
1 1
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results for the nine months of 1905 and 1904 are given below.
E. Stavert of the Bank of Yarmouth, at
Scotia, in a suit brought against the
•directors to recover $500,000, seeks to hold the latter responThe stockholders have been
sible for the bank's suspension.
SfklSh's,
assessed 100 per cent.
Bk. sfeks
THE AMERICAN ASSOCIATION OF PUBLIC ACCOUNT A NTS. — A strong national body representative of
Nine Months. 1904.
Nine Months. 1905.
— Receiver
W.
Yarmouth, Nova
[Vol. l.xloi.
Descrip-
Par Value
tion.
or quantity.
A
Actual
Value.
Gov.b'nds
State b'ds
Total.. $18137.678,875 $15813, 767, 933
Grain, bu
$355,107,000
371,082,175
Tot.val
Par Value
Actual
or quantity.
Value.
Av'age
Price
i
86.8
95^2
1813,474)917
$458,628
1144,227,969
SI. 677, 050
(644,50
$424,400
$155,4,
$667,000
'injt
94,063.729
$8,660801,075$5253,285.253 60.6
$544 028!&00 iib'.i'jAl'.ltil 83^4
$Vj.3S, 59611 1.1
108.1
8574,680
$10,957,840
92.8
$10.14
251.1
$484,800
$1.123,910231.8
187,054,10.;
JVal. $173.;0,019.825;$15.053929,379
RK.bonds
I
S9222, 847, 295 $5718.763,935' 62.0
493.385.700 $473,143.740j95^c.
87.2
90c.
$10108,935,593
$6191,907,676
•
the entire profession of public accountants in this country
has been formed, for the first time in the history of accountancy, during the past year. This was accomplished by the
amalgamation of the Federation of Societies of Public Accountants in the United States, representing mainly public
accountants in practice outside of the State of New York,
with the American Association of Public Accountants. To
celebrate this amalgamation, the American Association is
arranging for a dinner to be held at the Hotel Astor on the
evening of Tuesday October 17th, at the conclusion of the
annual meeting of the Association. Representative men in
financial and commercial circles have promised to become
guests of the Association on this occasion. The addresses
which will be given will be illustrative of the progress of the
profession in recent years and a large attendance of the
members of the Association is looked for, making the occasion a most interesting one.
The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1905
and 1904 is indicated in the following:
SAXES OF STOCKS AT NEW YORK STOCK EXCHANGE.
1904.
1905.
Number
M-th.
Number
Values.
Jan
Feb
.
_
Mar.
Values.
ol
ol
Par.
Shares.
Par.
Shares.
Actual.
Actual.
$
20,792,558 1,931,154 40011,374,870, 487 12.262 624 1 159.581, 9751
25,239,088 2,323,637 3502,014,562, 018 8,789 259 793.179, 950
29,138,838 2,708,955 9752,178.193, 156 11,440, 9561 053,978, 950
1st qr,75, 170,48416,963,748,225
666.948,926
500,002,419
654,008.401
5,567.625,661 32.490.8393.006,74O,875jl,820,959,806
April 29,298,456 2,789,542 050 2,670,498, 4671 8,205 529
May. 20,517,560 1,911,014, 550ll.758.624, 018 5,290 110
June., 12,576,469 1,132,492 100' 999.484, 027 4,972 804
772,657, 250
500,722, 000|
465,855 7001
439, 390.481
287, 964,816
250, 000,002
2d qr'62,392,485 5,833,049.3005,428,607,112 18,468,4431,738,734,950;
977.355,299
6
mos 137562 969 12796 797,52510990 232,773 50,959,2824,745,475,825 2,798,315,105
July. 13,273,655 1,214.488, 750 1.075,487 631 12,462 394 1 137.679 700 698 535,339
Aug. 20,205,735 1,836,932, 200 1,646,410 478il2,474, 7891 070,701 950 653 946,861
Sept. 16,012.044 1,488,401, 3501,335,798 497118,767 264 1 712.943 6001.102 487.948
3d qr 49,491,434 4,539,822,300 4,057,696,606,43,704.447 3,921.325,250 2,454,970,148
9
mos 187054 403 17336 619,825 15,053929 379 94, 663.729 8,666, 801,07515,253, 285,253
—
Canadian Bank Clearings. The clearings of the Canadian
The following compilation covers the clearings by months
banks for the month of September 1905 show an increase over
the same month of 1904 of 23.5 per cent, and for the nine since January 1.
months the gain reaches 24.3 per cent.
MONTHLY CLEARINGS.
Nine Months.
September.
—
Canada —
1905.
Halifax
Ottawa
Quebec
Vancouver
Hamilton
St. John
London
Victoria
%
$
107.763,385
85,769,777
28,733,399
7,450,643
11,117,377
7.009,400
8,556,198
5,897,504
4,492,133
4,013,448
3,472,553
Total Canada 274,275,817
1905.
Dec.
1904.
$
Montreal
Toronto
Winnipeg
+ 22.5
+ 29.5
+ 40.7
—2.8
+ 30.0
—20.0
+ 27.3
+ 24.7
—4.6
+ 9.6
+ 29.4
222,098,562 + 23.5
87,948,554
66,245,919
20,415,666
7.664,913
8,553.701
8.765,163
6,721,254
4,730,362
4,707,294
3,661,568
2.684,178
8
%
$
738,774,131
581,276,572
193,733,763
65,954,303
76,905,383
59,535,237
53,766,081
42,073,449
37.484,713
32,783,330
24,079.438
2,370,565,376 1,906,366,400
+ 29.5
+ 29.7
+ 19.3
—
1.5
+ 13.6
+ 6.1
1905.
Week ending September
Canada
—
In.or De.
21,118,961
15,735,496
4,934,303
1,646,034
1,736,701
1,466,189
1,479,241
1,091,045
1,087.414
818,029
708.190
+ 18.'
+35.;
+ 5i:
+ 39 1
+ 14 4
+ 31 2
+ 15 9
— 5
+ 14 ,8
+ 8.0
%
$
25,065,041
21,368,362
7,486,264
1,500,000
2,415,230
1.677,898
1,940.329
1,265.089
1,071,610
939,981
764,597
Montreal
Toronto
Winnipeg
Halifax
Ottawa
Quebec
Vancouver ..
Hamilton ...
St. John
London
Victoria
Total Canada.
30.
1904.
1905.
65,494,401
51,718,203
-26.6
Jan._
Feb..
Mar.
1st qr
35,409,759,811 25,575,771.742
April.
12,732,343,154
12,057,137,810
10,812,576,013
1902.
S
$
23,749,164
17,031,224
4,886,371
1,867,609
2,079,094
1,709,632
1,203,337
1,091,948
843,392
802,128
537.061
20,097,708
15,350,812
4.593,061
1,900,719
1,429,098
1,229,530
1,519,364
992,340
965,007
794,116
512,815
49.384,570
55,799,960
—
—Returns by Telegraph.
Seven
cities,
October 7.
5 days
5 dyas
Total
all cities,
Total
all cities for
week
New
York.
%
1904.
$
4,110.894,257
3,530,032,226
4,184.381,014
$
3,759,752.263 +9.4
3,297,300.025, +7.1
3,593.385,3431 + 16.4
+ 25.3
+ 37.8
+ 53.8
+ 38.4 11,825.307,497
+ 53.0' 4,051.546,694
+ 46.5 4,173,090,393
8.324,005.741
8,229,870,656
8,072,011,137 +33.9
10.650,437,631
3,533,362.656
3,387,039,959
3.501.523.367
4,077,265,894
+ 45.9 12,301,902,981
+ 41.0 24,127.210,478
+ 25.21 4,024,825,887
+ 35.9 3,919, 15S, 246
+ 22.9; 4,022,852,055
+ 27.8 11,966,836,188
1
35,602,056,977 24,625,887,534
71,011,816,788 50,201.659,276
8,674,171,836
8,020.043,295
8,857.077,544
Aug..
Sept.
10,863,858,439
10,899,923,166
10,8S2,311,432
3dqr.
32,646,093,037 25,551,292,675
10,421,925,982
21,072,363.613
3,479,811.568
3,364,443.424
3,502,369,883
10,346,624,875
9 mos 103,657,909,825 75,752,951,951 +36.8 36.094,046,66631,418,988,488
+ 11.0
+ 14.7
+ 23.2
+ 16.5
+ 18.0
+ 14.5
+ 15.7
+ 16.5
+ 14.9
+ 15.7
+ 14.9
of bank clearings at leading cities of the country
of September and since January 1 in each of
the last four years is shown in the subjoined statement:
Per
1905.
1904.
$1,742,263,017
142,393.530
140.372,471
26,678,718
185,078,851
50,164,558
12.440,92/
$1,421,323,337
113,375,193
108,890,569
19,756.o70
179,110,389
46,399,962
15,120,229
$2,299,392,072
355 188,762
$1,903,976,049
327,514,928
'$2,654 580.834
$461,984,626
$2,231,490,977
441,877,287
$3,116,565,460
$2,673,368,264
Cent.
month
for the
BANK CLEARINGS AT LEADING
S$$$
1905.
(000s
omitted.)
September
1903.
1904.
New York
...6,859
5,355
Chicago
Boston
...
834
579
562
218
722
476
460
223
156
130
"
Philadelphia
St Louis
Pittsburgh
San Francisco
Cincinnati
Bait more
Kansas City
Cleveland
New Orleans
Minneapolis
...
195
163
89
105
105
61
101
88
101
Denver
58
82
46
47
34
27
36
28
29
27
28
55
57
85
44
42
38
25
33
26
27
28
23
Richmond
Memphis
19
15
19
15
Louisville
Detroit
Milwaukee""
Providence
Omaha
.
Buffalo
St Paul
Indianapolis"!
---
—
25
Srerttle
20
1902.
4,292
761
492
433
6,805
210
195
180
119
91
103
86
72
48
68
40
37
29
26
183
128
86
89
95
63
52
63
41
41
34
24
32
26
23
24
21
CITIES.
Jan.
672
518
462
30
25
24
22
20
16
10
17
10
17
12
19
11
12
9,743
415
1905.
$
67.564
7,332
5,572
5,047
2,129
1,842
1.329
885
915
860
570
666
601
447
431
308
268
322
253
236
248
237
189
174
208
122
142
1
to
September 30
1904.
$
1903.
$
1902.
44,334
50,632
6.506
5,032
4,407
56.126
6.215
5,124
4.314
1.884
6,501
4.734
4.057
2.014
1,474
$
1,111
1,843
1,844
1,117
915
793
790
509
683
543
410
381
296
250
289
239
221
234
873
868
769
611
549
490
400
386
284
259
292
235
222
238
165
173
172
158
103
108
173
153
133
150
104
108
193
170
159
112
134
105
126
1,611
977
802
901
71i
568
473
480
372
391
256
257
266
219
206
Hartford
13
10
slTtLakeCity::.-
16
_13
_12
10,300
582
8,372
485
7,234
4.761
71.657
4,096
78,678
3,948
83,153
3,541
10,882
4,023
8,857
3,502
7.674 10,158 103,658
3.382 3.353 36,094
75,753
31,419
82,626
31.994
86,694
30,568
Total
Other
Week Ending
1905.
The course
1903.
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 1904, there is an increase in the aggregate of 16.6 per
So far as the individual cities are concerned, New
cent.
York exhibits a gain of 22.6 per cent, Boston 25.6 per cent,
Philadelphia 28.9 per cent, Chicago 3.3 per cent, Baltimore
New Orleans
35.0 per cent and St. Louis 8.1 per cent.
records a loss of 17"7 per cent.
Clearings
$
9,451,278,382
7.727,105,027
8,397,388,333
g
11,845,618,812
10,648,351,488
12,915,789,511
+ 15.8 May .
+ 15.5 June.
+ 2.2
+ 11.6 2dqr.
+ 13.6
6 mos
+ 2.43
The clearings for the week ending Sept. 30 make a very
satisfactory comparison with the same week of 1904, the increase in the aggregate having been 26.6 per cent.
—
%
1904.
Dec.
1904.
956,865,535
753,942,295
231.143,132
64,975,648
87.330.709
63,196,530
62.264,737
48,606,503
38,319,766
36,572,519
27,348,002
or
July.
Clearings at
Clearings Outside
Clearings. Total All.
M'nih
In.
In. or
Clearings at
cities!!
Total
Outside
'.'.'.'.'.
all
New York.
440
98.897
+ 22.6
+ 25.6
+ 28.9
+ 35.0
+ 3.3
+ 8.1
IMPORTS AND EXPORTS OF GOLD AND SILVER AT
+ 20.8
+ 8.4
+ 19.0
+ 4.6
+ 16.6
Through the courtesy of the Collector of Customs at San
Francisco we have received this week the details of imports
and exports of gold and silver through that port for the
month of August and they are given below in conjunction
with the figures for preceding months, thus completing the
The imports
results -for the eight months of the year 1905.
—17.7
SAN FRANCISCO.
.
Oct.
7
.
9
.
THE CHRONICLE.
1905.1
gold were of fair volume, reaching §279,111, of which
was in coin. Of silver there came in $244 ,488, \\ holly
During the eight months there
and silver in ore.
was received a total of $1,528,830 gold and $1 ,797,273 silver,
which compares with $33,538,951 gold and $2,155,690 silver
in 1904.
The shipments of gold during August were very
lisrjit, reaching only $3,215, all gold in ore, and the exports of
For
si'lver were S7 :> .037, of which $706,900 was bullion.
the eight months the exports of gold reached $1,689,650,
against $392,1 n in 190 Land $4,441,361 silverwas senl out,
The exhibit for August and for
tinst $5,310,015 in 1904.
the eight months is as follows:
IMPORTS OF GOLD AND SILVER AT SAX FRANCISCO.
of
I ,3 15
bullion
1
1
Gold.
MontAs.
Bullion.
Coin.
1905.
$
January
February
March
1.06S
April
May
June
July
August
Total S mos.
Total
S
$
168,987
141.587
153.268
69 845
90.019
248,721
142, 652
182.873
199,352
212,434
Coin.
$
15.130
140
29.605
129.507
122.415
4,949
6.700
9.345
i,962
120. 9 11
136,076
209.766
142.776
279,111
5.000
3S9.320
1,139,510
1,528,830
37,121
1
1
159
O.TOO
5,000
1
,992
Bullion.
$
I
236.490
216,113
119,659
20 1.911
192.445
2SS.79I
844.488
1.7G0.152
:i
216,272
129,3 5
208,91
194, 137
293,79
244,488
l
1.797,273
EXPORTS OF GOLD AXD SILVER FROM SAX FRANCISCO.
Gold.
Silver.
MonOu.
Com.
1905.
January ..
February .
4.125
1,690
March..'..
April
May
July
August
. _
Bullion
Total.
s
1.664.47
s
.
Total 8 mo?_
21,965
Coin
3.215
3.215
1.667.685
1,689.650
954,293
.950
1,740
1
Bullion.
$
43.449
6,122
5,029
6.181
G29.0S4
3.S21
253, S70
6,137
1,668,595
1,690
5.410
3,155
3,895
3.155
3,895
1.950
1,740
June
Total.
S
33 0, son
374 249
115.100
121 222
427
422.1011
213, ISO
219 361
709,250
314,500
674.93S
706.900
1,338 934
318 321
3,487,068
4,441,361
928 S9S
713 037
^UonctuiuilcrommcvcxalliugUsTx^Jjcxus
London, Saturday, September 23 190-3.
be done upon the
Stock Exchange. The home public is investing on a considerable scale, and there is a very large investment for the
A
fair
amount
.
i
of business continues to
1079
Berlin, and during the nexl week or ten days it is expected
that the borrowing from the Imperial Hank will be upon an
immense scale. During that time, probably, there will be
certain
a
are
erally
amount of liquidation. Indeed,
recommending their customers
many
the banks gen
reduce thei
to
commitments.
of course, the customs]
have to accede; but they comply very unwillingly, and as
In
the period of dear
that there
may be
money
is
cases,
not likely to last long,
The great operators who
than
it
is
possible
generally apprehended.
engaged in the speculation which
loss selling
is
brought about the sugar crisis bought on an immense scale
securities of all kinds.
But of the securities largely dealt in
on the London market they bought most considerably South
African mining shares.
The forced liquidation that ensued
has resulted in a considerable decline in South African quoAnd this has had an unfavorable influence upon
tations.
market. South African securities are held in
London
the
this country by all classes and by every kind of investor.
And the purchasing power of the community is naturally
reduced by the continued depression in the South African
department. If it be true, as the best observers in Paris
believe, that the forced liquidation is at an end, it is reasonable to anticipate that there will bo a recovery in the South
African department, for at present prices it is not likely
that selling for the fall will be continued. Therefore, assuming that in a short time an arrangement is arrived at between
France and Germany, and that money does not become excessively dear and scarce in London, it is thought likely that
there will be almost immediately a recovery in the mining
market, which would help a further improvement in all other
departments of the Stock Exchange.
The directors of the Bank of England did not raise their
rate of discount on Thursday.
Early in the week it was
very generally believed in the City that they would do so.
But the shipments of gold which had been apprehended did
not take place, nor did the exchanges become more unfavorable to this country.
The German Exchange, it is true, is
turning against this country, but the real apprehension is
that the shipments to New York may become so large that
to protect its reserve, the Bank of England will have to put
Continent, especially for France. At the same time, speculation is held in check by the uncertainty respecting monejr
and still more by the uneasiness which is caused in Paris by
the long protracted negotiations with Germany respecting up its rate.
Therefore the course of the money market here
the Moroccan Conference.
depends almost entirely upon the amount of gold needed by
The fear is becoming very general in Paris that Morocco New York. The best opinion in Paris is that if New York
is a mere excuse, and that the real object of Germany is to
should require several millions, and therefore it should be
detach France from this country and to compel her to sub- necessary for the Bank of England to put up its. rate conordinate her policy to that of Germany.
The fear has been siderably, it would be possible to avoid taking the gold from
heightened by an interview with M. Witte, reported in the London by shipping it direct from Paris to New York.
"Temps" this week, in the course of which M. Witte declared
The India Council offered for tender on Wednesday 80 lacs
that the attitude of the German Emperor towards Russia of drafts, and the applications exceeded 616 lacs, at
prices
throughout the war had been not merely correct, but nice. ranging from Is. 4 l-32d. to Is. 4 3-32d. per rupee. AppliAt the same time, he said that a bad impression had been cants for bills at Is. 4 l-32d. per rupee and for transfers at
made in Russia bj" a portion of French public opinion.
Is. 4 l-16d. per rupee were allotted about 12 per cent of the
The inference drawn from this generally in Paris is that amounts applied for.
there is a desire both in St. Petersburg and in Berlin to conThe following return shows the position of the Bank of
vert the rapprochement between Russia and Germany into a England, the Bank rate of discount, the price of consols,
&c,
Triple Alliance of Russia, France and Germany.
It is not compared -with the last four years:
believed that Russia would be willing to allow Germany to
1905.
1904.
1903.
1902.
1901.
Sept. 20.
Sept. 21.
Sept. 23.
actually make war upon France for the purpose of compelling
Sept. 24.
Sept. 25.
£
£
£
£
£
her to enter into an alliance.
But it is feared that both Circulation.
23,804.685 27,835.355 28,395,135 29,198,845 29.401,650
Russia and Germany will put strong pressure upon France; Public deposits
13,927,842
8.667,686
7,268.186
8,301,490 10.863.704
41,488.034 40,530.519 38,093,540 40.373,382 40,758,049
that therefore the uncertainty may continue for a long Other deposits
Governm't securities. 10,667,070 14,227.140 16,686.056 14,594,260 16,683,457
time, and that the position of France may become exceed- Other securities
30,211,905 24,225,290 22,651,965 26,302,606 25,458,367
Reserve, notes & coin 24,876,709 29.004,987 24,499,852 26,328.503 28,011.041
ingly unpleasant.
Coln&bull., both dep 35,231,394 38,390,342 34,444,987 37.352,348 39,037.691
A.- a natural consequence, while there has been a good deal
Prop, reserve to liabilities
p. c. 44 13-16
58%
53%
53%
54 1-16
of French investment here in London, especially in British
,
Bank
Government securities, there has. been much selling by specuThe opinion of the best informed is that the liquilators.
dation rendered necessary bj the recent sugar crisis has been
practically completed.
Consequently the continued selling
is believed to be not a continuance of the forced liquidation,
r
but to indicate new speculative Bales.
The sugar crisis only
affected a few small operators and a nnall number of wealthy
private bankers.
The latter can well afford to bear the
'hey have incurred, and consequently the besl opinion
in Paris is that the
market
already rapidly recovering from
the crisis.
But the apprehensions respecting Germany
discouraging operators, and consequently they are Belling
ad of buying.
In Germany, on the other hand, there is a very hopeful
Just now money is becoming scarce and char in
feeling.
is
rate
3
p. c.
3
4
3
4
88 11-16
93
93 3-16
Sliver
28%d. 26 7-16d.
27 3-16d.
23%d.
26% d
Clear .-house returns .255.376,000 192,173,000 157,824,000 146.803,000 143,240.000
Consols, 2>A p. c
Messrs.
89 11-16
Pixley
&
88%
%
Abell write as follows under date
oi
September 21:
GOLD.— Bars have been
In extremely good demand for New York, and the H
week have been taken for that quarter. To-day the exi banffi
shade harder and scarcely such high prices have been offered, At the Ban* £6.000
come from France, while £340,000 has been withdrawn of which 6200.1
it.
Arrivals— Cape Town, £356.000; Australia. £170,000: Bombay. £683.1
S
K T ° tU1, £1 -23 1,000. 'Shipments— Bombay, £29.350; Madras.
£Yo(>o"to -;i Fi?- 'o
or the arrivals this
,
II. -After remaining steady until the end uf
last (reek, the market fell
on Tuesday and Wednesday, when, on tire latter day, the prlre was quoted
I'o-day
we
<t\
have recovered to 28 9-lOd. and ti
f8nd.
India ha.s shown some disposition to buy, but do pu
re, we understand
been made.
Me
Forward has been quoted Mil. tn 9-16d. undi
former difference. The Indian price is "i:m. 72:; 16 per 100 Tolahs. An
\>w York, £240.000; West Indies, £7,000; \ Itf r.-ili.i £6,000; <.t il, £259,000.
Bhiprnenu—Bombay, £30,000; Singapore, £400; Bong Kong, £8,876; Total,
'•
I.
lily
'
i
Jt,
*
i
'
,
.
1
-(.I
MEXICAN DOLLARS. — Several
manv months,
time during
arrived from
New
York.
transactions have taken plarc, for the first
Abnut i 90 ooo baa
at their melting value under Sliver,
THE CHRONICLE.
I(l^)
English Financial Markets
i
Per Cable.
The
lie-
iuLiiiyOU.il.
i
•
Preferred
Baltimore
Ohio
<V
Preferred
28'
M-K
B9H
89,'*
7,907
(i
Central Louisville^ Vashvllte
ntral
Mexican
Mo. Kans. & Tex.,
l
i
i
I
Pacific,
common
Preferred
CJ. S. Steel Corp..
Preferred
a Price
share.
ijcr
A
i,
l
159H
159^
24'..
25
71'.
7i'.
;•>'.
in
.".:,!•..
165
.".7"
21 Jf
st
'
160
25
35J4
71'.
39
157
50J»
1
,
.
61
83%
84
7.'.
186
158H
l">
55%
88%
215H
216
-'17'.
107,'.
196'..
71',
74%
74%
73>8
63
i>4
63«
64
48? 4
48&
51)1
."il%
'.1',
34%
71%
37%
34H
71%
38%
35%
M'.
35%
„
72';
38%
38%
10:(
lu.'l
103
137%
137 u
13.S'.,
39%
39%
23%
108%
24
43
24
78
78
40
ion 7
24
108%
43%
51)i
343$
71%
37 ',
99%
99
99
48%
34%
~
!
'
37' 4
103
136%
23%
ll
1
,
78%
77%;
,
51
l.tiij.,
'>',
lo*
43%
13%
78%
1
47k
103
99
.
195
74',
ff!
99K>
39's
107%
23%
44%
following information regarding national
;
EXPIRATION OF CHARTER.
3,391- •The
NATIONAL HANKS ORGANIZED.
(
(
rtificates
— The
Issued A ugust 28
mh
to s< ptt
r
23
i
nclusii
National Bank of Waupun, Wi-un-in;
ceeded bj the National Bar.!, oi Waupun.
First
5,819
4. 7_>
LIQUIDATIONS.
.S.tate
Bank.
National Bank of Carterville, Illinois. Capital,
A. K. Elles, President;
Cashier.
$50,000.
7,890—The National Bank of Loudon, Kentucky. Capital, 825,000.
President:
K.
II.
Hackney, Vice-President;
D. C. Edwards,
D. F. Brown, Cashier. Conversion of The Citizens' Bank of
7
First
—
6,315—The Minot National Bank, Minot, North Dakota,
placed in charge of a receiver September 19.
—
he Pauls Valley National Bank, Pauls Vallej Indian Territory.
T. A. Vaughn, President; J. F. Myers,
Capital, $25,000.
Vice-President; A. R. Hickam, Cashier.
The First National Bank of Kingston, Indian Territory.
A. B. Scarborough, President; J.
Capital. $25,000.
R. McKinney, Vice-Presidents; Barlow
Willis and Jas.
Roberts, Cashier.
National Bank of the Pacific at San Francisco, California.
li.
Zoeth S. Eldredge, President; Walter J.
Capital, $300,000.
Bartnett and Allen Griffiths, Vice-Presidents: M. J. Hynes,
Cashier; R. S. Heaton, Assistant Cashier.
893
The Farmers and Merchants National Bank
s<).->
of
Redondo,
N. Y. Life Ins.
15
Conev 1.
Law. T.
& Bkyn RR
7 SOT
7 S98
7 S99
7,900
Ins.
7
902
7 903
- 90-1
The
Genesee
Islam! Co., pref. (quar.)_.
Street Railways.
C'in. Newport & Cov. Lt.&Tr..pref.(qu.)
City By., Dayton. ()., cum. (qnar.)
Preferred (quar.)
Davton & Western Trac, com. (quar.) .
Preferred (quar .)
nuluth-Superior Trac, pref. (quar.)
Green & Coates Streets. Phila., (quar.) _
Tin
Books Closed.
Dec
I
Oct.
Oct
Oct.
I
Nov.
I'
Oct.
1'.,
Oct
Oct
IK
l
Days
Nov.
Inclusive.
10
1
Holders of
l
Oct.
to
nv
14
to
Sep;
Oct.
15
1
Oct.
Sept. 21
Sept. 21
to
Oct
15
to
to
-
Oct.
Oct.
Holders of rec. Oct.
Holders of rec. Oc:.
Sept 20
to
Ses
Oct.
Oct.
Oct.
Oct.
.
Nov
Mount Morris
Claflln.H.B. com. (quar.)
Grem Lakes Towing, pref
Great Western Cereal, pref. (quar.)
Hudson River Telephone (quar.)
Xew England Cotton Yarn, prel
standard Underground Cable (quar.)._.
United Electric Securities, pre.
United States Printing (quar.)_.
U. S. Rubber, first pref. (quar.)
Second preferred (quar.)
Westingnouse Machine (quar.) (No. 40)_
.
i
a Transfer book* not closed
Oct. 22
Nov.
Associated Merchants, 1st pref. (quar.).
1st preferred, extra
2d preferred (quar.)
2d preferred, extra
First
Farmers' and Merchants' National Bank of Hatton, North
Dakota. Capital, $25,000. M. L. Elken, President; F. (i.
Enger, Vice-President: T. E. Nelson, Cashier.
2
Miscellaneous Companies.
American Caramel, com. (quar.)
Cashier.
too")
3V2 >
100k
Banks.
Cashier.
—
& Wyoming
2
Rock
enter.
I
&N
1954;M.
!
following dividends have been announced this week;
Railroads (Steam).
Atchison Topek:i & Santa Fe, com
Belt Rv., Chicago Cquar.)
Chicago & Western Iiul. (quar.)
National Bank of Richland Center, Wisconsin. CapH. J. Clark, President; Robt. R. Benton,
ital, $30,000.
Vice-President; C. R. Thomson, Cashier; J. L. Johns, AsConversion of the State Bank of Richland
-istant Cashier.
;
§1,000 N. Y. City Corp. Stock,
tr/ie»
National Bank of Haserstown. Indiana. Capital,
President:
Thomas B.
S30.000. Geo. H. Eggemeyer,
Millikan, Vice-President; Robert A. Hicks. Cashier.
Capital, $50,Gillespie National Bank, Gillespie, Illinois.
Hi
Henry H. Behrens, President; Marnel Thomas, Vice000.
President; W. J. Joyce, Cashier.
of Alamosa. Colorado.
Capital,
e American National Bank
President;
Max Buchmann,
350,000.
I
!
Payable.
First
1
Bonds
'
DIVIDENDS.
—
i
30 N. Y. Prod. Ex. Bank
_I75
28 Mechanics' Nat. Bank- __280? 4
Brick
Co. $500 lot
ISO Ferguson
5 Amer. Exch. Nat. Bank_277.H
312
&
Cali-
Farmers' & Merchants' Bank of Redondo.
-The Spring Valley National Bank, Spring Valley, Ohio. Capital,
Fremont Miars, President; J. Leigh Harper,
$25,000.
Vice-President; W. W. Whiteker, Cashier.
The First National Bank of New Berlin, Pennsylvania. CapG. Alfred Schoch, President; F. H. Maurer,
ital, $25,000.
Vice-President; Cyrus A. Eaton, Cashier.
The National Bank of Waupun, Wisconsin. Capital, $50,000.
L. D. Hinkley, President; W. E. Caldwell and C. A. Shaler,
Vice-President; B. W. Davis, Cashier; Ben Kastein, Assistant
Succeeds the First National Bank of Waupun.
Cashier.
The First National Bank of Waynesboro, Georgia. Capital,
P. L. Corker, President; Geo. O. Warnock and
$50,000.
Edwin Fulcher, Vice-Presidents; Thos. F. Buxton, Cashier.
The First National Bank of Ludlow, Missouri. Capital. $25,000.
Scott Miller, President; Perry Borders, Vice-President;
,
7 901
:
Tr. Co_..330J-4
50 Fanners' Loan it Tr. Co_ 1451
Tr.
Co
671
15 Title Guar. &
10
.1.
A. Graves, President; F. H.
Capital, $50,000.
Seymour, Vice-President; Alfred H. Kleii}, Cashier. Succeeds
S96
;
N. V. Mutual Gas.-L. Co.291
263
2 Oriental Bank
2
fornia.
7
Stocks.
& Tr. Co. 1101
2LongIsl. Loan &Tr.Co_ 309
2
Hamp
7 sol
7
Stocks.
,
I
insolvent,
Auction Sales. Among other securities the following not
regularly dealt in at the Board were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
.
7
American National Bank of Barber ton, Ohio, .>> placed
in voluntary liquidation August 22; to consolidate with the
Barberton Savings Bank Companv.
—The White National Bank of Fort Wayne, Indiana, wa.s place..
in voluntary liquidation on Aug. 2fi: to consolidate with Th"
INSOLVENT.
,
London.
sup -The Morgan County National Bank of Cannel City, Kentucky.
M. L. Conlej President; .!oe C. Stamper,
Capital, $25,000.
Succeeds Morgan
Vice-President; Luke Powell. Cashier.
County Bank.
7 S92
.'5
— The
First National Bank of Fort Wayne.
4,979— The tanners National Bank of Lebanon, Pennsylvania, wa^
placed in voluntary liquidation September 1: absorbed
The Farmers' Savings & Trust Companv of Lebanon.
1.021—The First National Bank of Newport, Rhode Island, was plai
in voluntary liquidation on September 7 1905.
.
The
-
I
—
889
:>
The C octaw-Chickasaw National Bank of Durant, 1- .;".•
ritory, to "The
u
iers National Bank of Durant."
0,923
i
7
to
CHANCE OF TITLE OF NATIONAL BANK
i
First National Bank of Groton, South Dakota. Capital,
A. M. Neff, President; L. K. Neif, Vice-President;
$25,000.
W. B. Miller, Cashier; F. E. Bandimere, Assistant Cashier.
tonversion of the Bank of Groton.
7,886— Th First National Bank of Sanger, Texas. Capita], $25,000.
A. J. Nance, President; B. L. Spencer, Vice-President;
J. H. Hughes, Second Vice-President; E. L. Berry, Cashier;
Succeeds Farmers' &
A. J. Nicholson, Assistant Cashier.
Merchants' Bank of .Sanger.
7,.ss7
Tlii
Capital,
First National Bank of Plumville, Pennsylvania.
M. C. Wynkoop, President; D. W. Raraigh,
S30.000.
Vice-President; D. W. Douds, Cashier.
The Commercial National Bank of Salida, Colorado. Capital,
7 888
$50,000. J. W. Calhoun, President: s. \\ Sandusky, VicePresident; C. W. Erdlen, Cashier.
Conversion of the Salida
7,885
If.
ital,
from the Treasury Department
is
<
Y. Davis National Bank of Cave Citv. Kentucky. CapH. Y. Davis, President
S.
B
$25,000.
Davi.-.
Casliier; E. C. Davis, Assistant Cashier. Succeed.-, the Bank
of H. Y. Davis & Co.
7,920- Hyde Park National Bank, Hyde Park, Massachusetts. Caphui.
$100,000. Fred L. Childs, President; Artemas S. Raymond
Vice-President; Arthur E. Smith, Cashier.
7.!.-N
Pie First National Bank of Salem. Missouri.
Capital. $25,000.
Georgi W. Peck, President: Wm. ('. Asian, Vice-President:
W.J. Bennett, Cashier: George W. Peek. Assistant Cashier.
7,919- The
sterling per share.
NATIONAL BANKS. —The
I
:
78
Commercial mid UtisceUauetfttsUrms
banks
I
I
95
74
125,000
Cashier.
Succeeds The- Peoples Bank of Sparta.
Th" Southern National Bank of Wilmint'ton, North
'a: oil;. j
Capital, $200,000. Matt. J. Heyer, President; J)
L G
Vice-President; C. N. Evans, Cashier.
The irst National Bank of Edgeley, North Dakota
7,91
Cap
Wm. T. Martin, President; J. B. Kesler, Vice825,000.
President: A. J. Kesler, Cashier; A. M. Oakle\
Conversion The State Bank of Edgelej
Cashier.
The Ciii^' ns National Bank of Whitnev. Texas. Capital, ^^
7,915
ooo.
W. L. Sanderson, President; Gip Smith, Vice-President; Mark Wheeler, Cashier.
7,916- The First National Bank of West Libertv, Kentucky. Caj
$25,000. S. W. Cecil, President; Wm. (^reen Blair, Vi
President; Hy. C. Thompson, Cashier.
Succeeds The Ba
of West Liberty.
7,917- The Biglerville National Bank, Biglerville, Pennsvlvania.
Capital,
$25,000.
C. L. Longsdorf, President; 1{. II. I.'.
Vice-President; U. S. Klinefelter, Cashier.
7,918
The First National Bank of Crystal, North Dakota. Cap
$25,000. Albert F. Applet on, President; John P. Appleton.
Vice-Pr tsidenl
tharlesA. Appleton, Cashier; Clara O' Sullivan.
Assistant Cashier.
Succeeds the First Bank ol Crystal.
•
87%
1!>7''.
:1
383
155
95
.'>()'.
Capital.
Seamans,
7,913
71
71
•">">'•
.
American National Bank of Sparta, Tennessee. Capital
$50,000.
J. T. Anderson, President; S. S. Dibrell, V
President; .la.-. N. Cox, Cashier; G. A. Nowlin. Assistant
I
.
.'it'"
38JH
Tl
1
s
25'
1
I
7,912
im,'.
107'..
72
7,9!
7">',
35
Vice-President; Lew. W. Hill, Cashier.
Bank ol Nicholson. Pennsylvania.
a. Rought, President; Harry \\
<;.
Via President; V. H. uclntyre. Cashier.
The Marion National Bank, Marion. Kansas. Capital
Christ Siebert, President; Brown Corby, Cashii
11
22
95
64
i
$50,000.
88%
»!»'..
i
7,910-
186
51
217H
1
7, 90!
107K
3C
92
57
8856
95
-IT -
88J4
!).'.
6h
'
r,\\
36
92
-
I
77'
is(i'
'
75&
''•>''
i
22
ss
Wm.
Vlh,
69
t»2^
5l£f
51fe
is?'
''>'
1
.
37
188
107?^
Preferred
22
52H
.
1
605
37
93
93
I
,
L87i4"
M
6ii
92
1
up.
i'>o
136^
Wabash
loo
177
188
..99
common.. 39 )i
Debenture "Bs"
100^
it'.*
76%
103
Preferred
Union
loo'
isof,
84"^
47%
Sou lern Pacific.
Southern Ry., common
look
t.v:.
-.217
197':
oFlrst preferred
(/Second preferred
llock Island Co
•
i
OOJ
22
188
39
/Pennsylvania
a lira ding Va>.. common
s
84m
& Western... 56%
Western, common 88Ji
95
&
i
r
7- .'
154',
Preferred
Northern Pacific
Northern Securities
117',
84i|
N. Y.Ontario
Norfolk
117
ioo>;
71'.
Preferred
III,'.
101
common- 35H
Mat. RR. of Mexico
\. V.tVntr.,; A. Hudson
107'-^"
III.
51''
Illinois
OH
93; 4
108
I17
115,'f
92K
Second preferred
6%
108
7,90s
287-16
2H'A
8811-16 887-16
8816-16 8811-16
99.72K illl.r.7
88j£
89 '«
99.70
<J2ye
los
,
Brie, common
First preferred
•.
92^i
108
;
-
1
93
Fn.
Thurs.
Wed.
-'H';
SO
S9!4
'M.TI'A
tlil.KO
6f
Tins.
28H
.
88JS
9!). mi
lKO'
Canadian Pacific
00".
Chesapeake 4 Ohio
Gre;..i
Chicago
Western
22
Chicago Milwaukee <t St. P.lx<i
Denver & Rio Grande
:i7
Preferred
Mini.
Snl.
>*
Irst
I
l>.
.
'i
1. 1:
MXSJ
.
Win.
ly.Mlon.
II
Vol
National Bank oi Kimiiu' Star, Texas.
( apilal, 825,000
Bohning, President; h
M. Jacobs, Vice- President
K. .(one-, Cashier.1
I'- Capital National Bard, oi Topeka, Kansas.
Capital, sioo.
ooo. >Edwln Knowles. President; E. II. Crosby, Vice-P
-dent; A. li. Bate-, Cashier; C. S. Bowman, Assistant Cashier.
The Kir-' National Bank of Sedro Wooley, Washington. Capital. 125,000.
.1
Aug. Peterson. President;
Thompson.
Vice-President; PTed.Bentley, Cashier; Henry P, Johnson.
\- iistant Cashier.
ie
bom National Bank of Lawreneebun.', Indiana. Capi
tal,
Nov.lin,
$50,000.
Ambrose I.
President;
William
7,906
daily closing quotations for securitie
etc., at London
a> reported by cable have been
follows the past week:
Suver.peroz
u
Console, new, 2Kper cents
For account
French Rentes (In Paris) fr_
6 Anaconda Mining Co
Atch. Top. <t Santa Ke
{
t
1
Oct.
Oct.
Oct.
<
1)|
Nov.
.
Oct.
Nov.
t'i
Oct.
2
Oct
Oct.
Oct.
1',
X
>et.
7
to
15 Oct.
15 Oct.
7
to
to
Oc
S
to
to
-sept.
5
(
7
Oct.
15
Oct
Oct.
15
>et
Sept
Oct.
2j|
rec.
to
to
i
2
:i'
to
7
loiOct.
15 Oct.
)et
Oct.
2
Holders of
30 Sept. 29
14 Oct.
1
10 Oct.
1
14
31
34
10
<;
Holder* of
6
nv
Ocr.
Oct
Oct.
'••
5
9
to
Holders of rtv. Oct. 21u
Oct.
6
to
Oct. 15
to
Oct. 22
Oct. at
to
Oct. 22
Oct 31
2
Oct.
to
Oct 10
5
1
Oct.
48
City Clearing Hon9e
Condition for the week ending Sept.
bge of daily
'
THE CHRONICLE.
7 1905.]
Banks.—Statement
New York
|
9
1
based on aver
30, 1905,
results.
We omit two ciphers (OO) in all
ol
1081
Nov York City, Boston and IMilludelpltia Banks.— Below
summary of the weekly returns of the Clearing House
Guiles of New York City, Boston and Philadelphia. The New
a ;i
iork figures do not include results for non-member banks.
case*.
nv omit two ciphers (00)
in all these figures.
t-
BANKS.
',
Bk. of N. T.
llanhat.Co.
Merchant*'
Me. 'frames'.
America
Phenn
City
$
8.000,0
2,050.0
2.0OO.0
3.00O.O
1.600,0
l.ooo.o
26,000,0
.
300,0
600.0
But. A Prov
1,000.0
300.0
Chemical ..
Merch. El
Gallatin
Mtvh.ATra.
Greenwich
.
•Araer.Kxca.
Commerce..
Mercantile.
CllHtlllllU ...
People's
...
N. America
Hanover
...
Cltliens"
..
Nassau
Mar. A: Kult
8hoe A.-Llhr
Corn Eich
Oriental
Imp. &
Park
.
...
Trail
last Rivei
Fourth
Second
First
NY.Nt.Ex.
Bowery ...
Co...
V.
Am
German
Futfr Ave..
German Ex.
Geruiania
..
GartielU
Fifth
Bk.
Specis.
L+gals.
1
Deposits
omitte iV
ftOs
N.
Loans.
Surplus.
CmpitaU
of
West
Met..
Side..
Seaboard ..
1st N.Bfclyn
Liberty
N. Y.Pr. Kx
New
Amst.
70...0
600,0
6,000.0
26.000.U
3,000,0
422,7
450.0
200.0
2.000,0
3,000,0
1,000,0
2,550,0
600,0
1.000.0
1,000.0
2,000,0
750,0
1.500,0
8,000,0
250.0
8,000,0
300,0
10,000,0
1,000,0
250,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
600,0
300.0
1,000,0
1,000,0
500.0
350,0
•
17.605.0
28,896.0
9
2,632.1
B.490.9
1.379.7
3.384.8
3,776,6
18.860,6
20.052.0
82,796.2
5,729.0
223.8
18,260.0 178,64.2.8
94,175.6
7, SOU,
5.714.1
863,2
9,093.6
2,289,9
2.712.0
130.S
6,136.0
337.2
4,037.4
668,4
4.449.5 28,038.2
,2
140.(165.2
4.293.8
629,9
1,057,2
431,9
1,924,9
6.891,2
1,081.2
576,7
321,0
1,381,9
441,1
8,216,9
1,097,0
6,632.3
7,221,6
111,4
3,935.3
1.560,8
16.848.6
889.4
769,9
723,6
646,6
4,643,6
21,648.9
3.541,9
6,346.8
2.248,5
14,407.9
49.294.7
7.686.0
16.: 68,6
3,270.9
6,894.0
6.916,6
31.371,0
8.810,2
23.452,0
69.031,0
1,211,6
19,480.6
9.916,0
06,986,1
8.590,4
8,296.0
4,906.1
4.215,3
45,120,3
10,003,7
3.205,2
2.695,6
12,944,9
7,347,5
2,677,0
8,765,4
4,031,0
13,985,0
4,502,0
10,978,8
6,665,2
5,830,6
4,695,0
12,15>
!
1,736.1
740,4
898,2
1,454,4
1,303.8
426,0
1,644,0
685,3
1,478,0
635,6
2,065.5
513,9
690,8
604,5
1.666,0
2,225,0
8,393.3 1,603,7 16,447.6
8.319,0 1.788.0 21,00 1,0
8,624.4 8,388,0 24,221,9 -'i
8.(9.0
4.011.0 J V
769.0
42,404.1 8.931,-1 176.9*7.8 -9
4,256.3 1,802,1 22.72 -,i'
958,8
65.M
6.1*1,9 2.1
681.4
1,268,9
7.197.9 46
84.0
8.888.W 21
620.7
703,0
61 1,0
5,735,0 i
684,9
418,3
4,369,1
8. 176,9
1,867,9 19, .01,7 i
24v
20.651,4 10.205,. 120. 18
2,943.2 1,865,1
2
17,869
3.H98.5
400,1
292,7
977,0
771,7
0,617.0 20-.
291.4
430,6
8,620,8 27'"
1.008.9 1.783,2 12424,2 -.
10,449,: 4.834,1 68.504.7 -0'.
7.29S.O
385,1
1.457,3
3,186,6 1.443,3 18.413.7 25-.
242,2
465.7
3.650,8 19'.
683.4
1,318.6
6,95 1,6 28-i
9.20, ',8 25-422,7
1,926,7
6.678.0 4,092,0 38.71o,D .4-9
414,7
9.19:1,2 24 ^
1,800,8
3.68J.0 1,316.0 20,667,0 26 .
16,061,0 4,487,0 79.18^,0 26 '•
174.0
230,6
1,474.0 2 V -J)
8,697.2 1,9 13.
21,789,3 JO
614.0 1,741,0 10,238,0 23"
20,980.6 2,102.8 88, 4 -8,0 26 i
208.3
1,737,0
8,127,6 25 U
198.0
601,0
3,076,0 19469,9
920,0
6,699,5 24*2
220,6
793,2
4,274,8 23 <
11.067,0 1,924,4 51,343,0 25 o
394,6 11,135,6 _'5 4
2,435,9
176,0
735,0
3,864,5 23m
478,1
910,7
6.803,3 23"9
1,545,8 1,936,1 14,007,0 24 V
8ul,3
1,733,6
7,668,0 26 8
667,1
124,1
2.713,1 26 4
492.0
1,703,8
9,997.8 22'8
778,0
370,0
4,638,0 2o-4
2,279,0 1,375,0 16,766,0 23.1
605,0
699,0
4.707,0 25-o
250,0
2,127,7
9,287,9 2o-o
408,6
1,208,4
6.501, 1 24-8
753,5
732,6
6,773.7 21-9
224,0
941.0
4,669,0 24-8
4812.0
i
i
i
,
•
:
i
—The
following
is
the
statement of condition of the non-member banks for the
week ending Sept. 30, 1905, based on average of daily results.
Loans
Invest-
00s omitted
tal.
plus.
ments.
Wash. Hgts
Century ...
Chelsea Ex.
Colonial
Columbia
..
Notes.
3 00. o
$
64,2
290,0
376,0
19,5
151,6
243,8
6,8
144,6
28,2
31,0
324,0
15,4
681,0
39,0
53,5
14,8
238,0
36,0
601.1
200,2
222,2
Net
Other
Agent. Uks.&i
Clear'c/
Deposits
30,0
23.5
21,9
298,1
235,0
38,5
41,8
265,5
199,5
163,4
104,
231,6
160.5
177,0
117,4
292,0
221,0
170,6
114.1
1,899,8
150...
S64.SJ
2, 06.. ,7
300.0
262,0
164.0
1,891,1
'
Nat. City ..
N orlh Hide.
'.en
i
Ward
l.ih
.
union
.IHJUt
.
,000,0
800,0
300,0
100,0
100,0
100,0
3oo,o
100,0
3.096.7
773,5 lo,172.3
788,
5, 869,6
592,2
187,9
206,9
101.0
3,3
23,7
16,0
106,0
829,0
816,0
208,0
140,o
24.4
91.9
lo.s
166,0
197,'.'
101,4
940,6
68.4
440,
53,0
256.9
96
61,5
29,3
1,248,1
79,0
189,8
664,8
290,7
102,8
23.0
35,5
130,2
3.7
25,0
"28,0
310,0
95,8
56,5
66,8
630,4
838,8
692,8
4,016,9
6,140,0
2,450,0
845,5
6,054,6
4,845,3
3,142,4
3,247,8
3,640,0
59,"
2,-17,4
3,785,0
133,7 1,642,9
669,0 11,327,0
86,0 J, 070,o
129,2 2,129,1
7,708,8
1,307,4
171,3 3.196,3
OT.ii
3,023,5
680,7
3,428,4
33,6 1,086,8
400.0 1.103,0
4,728,6
182,5
260.O
260,0
800,0
663.2
2.328.1
3o4.8
1,601.1
80,1
62.1
43,8
110,0
125.0
653.4
170.0
2,699.6
1.344.3
145.3
215,0
5
i,0
10-'.
148,7
294.1
206,9
668,6
053.0 1.01. ',8
405,0
671.0
522,0
818,0
96.3
46.4
11.-.7
120,0
00,7
82,0
813 U
357,0
34J3
38,4
144,6
94,4
4o,0
387.9
Hmixon Oo
National
S
I
th
r.l
•!
.
-Sat
Nat..
lo4.
1
9< 6,0
I
Mat...
.'l
.Vat
To- Sop BO 122370
312,* 1.775
-l
16
39732
139730
126,607,0
184,616,5
134.1 86 ,0
141,488,4
•68,029.0 12,8)16,0
46,7
ie'i'i"
166,
tor week.
>ry
Goods
Total
Since Jan.
135.4
202
1903.
,u
154,0
1,052,0
6,498,0
828.2
161,2
409,8
189.1
2 157.1
0>
100,7
41,6
910,
8..0
6.402
10,39-', 627
$2,007,861
9,221.073
$2,505,869
7,732.457
$2,859,327
10,466,133
$13,467,794
$11,289,584
$10,238,320
$12,816,460
$90,941,288 +101,179,443
350.547,237 346,405,386
$94,353,741
326,441,190
41106,175,934
Total 39 weeks
410,331,354
$616,507,288 $441,488,5*6 $440,584,828 $420,794,931
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 2, and from January 1 to date.
The imports
in
NEW YORK FOR THE WEEK.
EXPORTS FKOM
1905.
for the week.
Previously reported..
Total 39 weeks
.1.9,618,279
388,286,926
1904.
1903.
1902.
$9,206,388
363,008,814
$8,884,640
366,047,711
$10,073,286
351,840,283
$397,805,206 $302,304,202 $374 0.12,351 $301,913,569
the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from Uie monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
Note.—As
The following table shows the exports and imports of
specie at the port of New York for the week ending Sept. 30
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
Week.
,015,
7,410,-1
I
Week.
Since Jan. 1.
$1,604,309
5,155,221
86,800
7,500,000
8,000
1,203
32,128
1,577
$1,935,231
4,266,136
9,655
763,379
220,692
1,191.437
137,921
$5,500 $38,104,087
222,500
73,909,273
1,000
32,844,958
$1,639,835
245,931
61,641
$8,624,451
6,-94,946
4,035,851
$1,621
$13,166
20
71,078
3,000
2,500
....
..........
.....
Total 1905
Total 1904
Total 1903
J.
$1,600
25,352,500
trance.
..
NEW YORK
Imports.
Since Jan.
<ireat Britain
618
Silver.
Great Britain
France
'Jermany
$1,230,979 $25,430,170
638,335
12,892
140,041
24,475
4,000
West Indies
Mexico
South America
687,4 19
9,057
7,331
1,903,885
1,408,267
43,530
$1,255,454 $26,822,594
30,576,043
624,805
23,302,198
652,305
*863,811
35,439
52,156
$3,439,946
742,399
1,214,221
All other countries
Total 1905
Total 1904
Total 1903
354,859
Of the above imports for the week in 1905 §610 were
American gold coin and SS9 American silver coin. Of the
axports during the same time $5,500 were American gold
coin and $100 were American silver coin.
—See page preceding.
Mantling and ^financial.
Spencer Trask
&
Co.,
Investment Bankers.
transact a general banking business; sell and purchase investsecurities; issue circulars describing short-term and long term
bigb-grade bonds; execute commission orders upon the NVw York
stook Exchange and in the financial markets or the leading ol
\\i: also have special representatives In mi of the principal cities.
ment
3ranch Office, Albany, N.Y.
William and
I'ine St*.,
New
Vork.y
I
Moffat
&
White,
Member* New York Stork Kxchnnee,
HANOVEK BANK BUir.niNQ,
NASSAU 8TKEKT,
Dealeri In Inveitmenf securities.
0OHU1M1ON OUDERd KX KCU rKO I'Oit CA-iU ONLY
6
.:
1902.
We
9
6 50
following are
for dry goods
1.
General Merchandise
1.682,
2.241,1
778,0
lo.o
— The
week ending
1904.
1906.
$3,o75,167
General Merchandise
5.422,0
3,967,0
4
41.4
:>
for the
198, J 11.9O0..'
69.7
17 6
62,6
4
1 65.7
.1
266,982.0 12.875,0
264,2 i9.o 12,9.10.0
1:15.8 15.4
FOKEIGN IMPORTS.
TOOL
y
189.948,7
-iept. 28 and for the week ending for general merchandise
Sept. 29; also totals since beginning first week January.
2,152,0
2,932,5
2.018,2
4,771,0
Jersey City
First Nat...
63,6 "2.0
00.009,0
New York
Auction Sales.
200.0
66 329,0
All other countries
8
62,0
43,2
63,4
368,0
744,0
262,0
64,7
423,8
81.8
218,3
219,3
165,0
295,7
345,0
88,9
17 5,0
204,0
146,6
ol
Brooklyn ..
M:rs Nat..
Mechanics'
Nassau Nat
7.715,0
7,666,0
7,660,0
I
Imports nml Exports for the Week.
he imports at
Broi
Boroueh ...
Broadway .
5,824.1 283,013,0
5,8 8.0 221,919,0
5,072,1 216,649 ,U
I
Deposit with
$
3 2,3
1
Exports
Specie. ii-Iiank
14,8
27,4
1.
too to hi her' banks,"
Including tor Host on and Philadelphia the item
.ml also Government deposits.
For Huston these G ovornineut deposits
iinoiinteu on September 30 to $1,888,000; on September 23 to $1,404,000.
West Indies
Consol. Nat. 1,000,0
Fidelity ....
200,0
14th street.
600,0
Hamilton .. 200,0
Jetlerson ..
400.0
Mt. Morns
250.0
Mutual
200,0
19 th Ward .
200,0
Plaza
100,0
Riverside ..
100,0
stale
loo.o
12th Ward .
200.0
23d Warn ..
100,0
Union Kxcli 750.0
Unite.; (fat. 1.000.0
Yorkville ..
100.0
Co i. & I.Nat
800,0
M<-trui)'lit'u 1.000,0
B4tu street.
200,0
Borough
23
-ep 86
Mexico
$
774,8
150,4
954.8
133.5
683 5
70.3
3,384,5
294,
370,0 5,528,0
1,050,5 4,100,0
871,3
128,9
91,2 4,507,4
140,3 4,309,3
392,0 3,189,1
145,3 2,770,3
264,4 3.623,0
215,7 2,575,8
268,7 3,155,0
100,0 1.44 ',1
968.7 10,296,0
137,4 2,126,0
110,3 1,711,8
618,2 74201,8
171,2 2,2 0.0
300," 2,773,6
224,9 .',-,.1,0
291,3 3,615,3
201,1 1,090,4
/.'.'::.
is.s:!;,,
224,866,0
48,836,0 2 1,779.0
48,836,0 223.818,0
ten
south America
a
100,0
200,0
100,0
100,0
1
17,332,0
1.413.186,7
1.555.961.8
1,696,874,0
1.003.904,7
11.
Gold.
N. V. CITY.
Boroughs o'
MaiiA-Hr'nz
'lii
16.870,0
42,167.5 192.192,0
42,167,6 191.031,0
42,167,5 189,338,0
28
SO
in all cases.
Leg. 2.
.1
Bur-
1
Ilos,
>«p 10
.
Reports of Non-ileniber Bank3.
Capi-
Clearings.
_>
i
t
BANKS.
('(ii'ii-
lation.
t
N. V.
S
*
$
4ep I 68.314.4 11066835 207,472,4 78,714.6 11 254226 ."•3,702.4
iep 10 266,133,6 1085-219 202.176.2 76,648.1 10963632 53,696.6
Srp 23 256.133.5 10. 0I4O0
'O. 151.1 76,679,6 10831958 53,712,3
80 266.133,6 07 1 0303 201,606,0 76,060,3 10801661 51,000,1
1
I
Total United States deposits included, $8,495, 100
We omit two ciphers (00)
J>e-
posits,
,
•
Total... 115,972,7 140,160,8 10716303 201,606,0 76,060,3 10804651 2 5 7
t
Legal a.
Specie.
lA>ans.
Surplus.
fv
It
*
18.414.0 27
89.786,0 2:<
$
$
8,891.0
Capitals
<\K~
B*
•
THE CHRONICLE.
1082
about up
(Samite.
$3aulijers'
see page 1080.
The Money
Friday, Oct. 29 1905—5 P. M.
Market and Financial Situation. The security
Street,
—
markets have been somewhat more active this week. It was
reported on Wednesday, and is doubtless true, that some
liquidation was stimulated by an advance in call-loan rates
But, if so, the moveto the highest quotations of the year.
ment was of short duration, and Stock Exchange prices have
apparently been but little affected by money market conThe latter are, however, about what have generally
ditions.
been expected for some time past. The bank statement on
Saturday was more favorable than had been foreshadowed by
known movements of currency, and October 1st settlements have thus far been made with little disturbance.
The weekly statement of the Bank of England, on the
other hand, showed a loss of reserve and a smaller percentage
of assets to liabilities than is usual at this season.
The gold import movement has continued, the engagements at London this week for shipment to New York
Central of Georgias have been notably weak, and with
Baltimore & Ohio, Erie, Wabash, Mexican Central and
Brooklyn Rapid Transit are among the most active of the
railway list.
Consolidated Gas deb. 6s show an advance of
several points on limited transactions.
U. S. Steel 5s are
nearly a point higher in sympathy with the 6hares.
Other
changes were less important.
—
United States Bonds. Sales of Government bonds at the
Board include $16,000 4s coup. 1907 at 105%, $500 3s coup.
1908-18 at 1041^ and $13,000 2s reg. 1930 at 103%. The
following are the daily closing quotations; for yearly range see
third page following.
the
amounting
to $3,300,000.
It is reported to-day that $4,400,000 has been engaged at Paris for New York, but this
could not be verified here. Call-loan rates have been quoted
Loans
at least two occasions at 8 per cent.
able amount have been placed at 7% and a few at 7%, but
a large proportion of the business has been done at lower
on
average and include a large number of
to the recent
issues.
For Dividends
Wall
Vol. lxxxi.
in consider-
figures.
Interest
Sept
Oct
Oct
Oct
Oct
Oct
Periods
oO
2
3
4
5
6
Tan '1034 -I031.2 •103 "a 103 4 103*2 1034
** 34 1034 •1034 '103 4 •1034
Feb •1044 •a;034 •103 "s -103 4 •103 4 •1034
Feb •1044 •104 4 * 04 4 •1044 '1044 •1044
•103
Feb 103 •103 *]03 •103
103
Q Jan 104 34 •10434 •10434 *10434 10434 • 104 34
Jan *106 34 •a;0434 •104 34 *104 34 105 4 *104 34
Feb •134 •134 *134 •1344 '1344 '1344
Feb M34 •134 - 1 34 •134 4 •1344 -1344
* This is the price bid at the morning board no salr was made.
Fluctuations in the
Railroad and Miscellaneous Stocks.
stock market have generally been within a narrow range
throughout the week. There was an undertone of strength
during Monday, Tuesday and until the advance in call-loan
rates on Wednesday, when an excess of offerings caused a
On Thursday and to-day the dealings were
general decline.
on a much smaller scale and the market was relatively steady.
The result of the week's operations is a level of prices
about the same as that of last week.
Among the exceptional features is Northern Pacific,
which has covered a range of 5 points and closes with a net
Great Northern advanced nearlv 3 points,
loss of 1 point.
but subsequently declined and closes fractionally below last
2s, 1930
registeredQcouponQ2s, 1930
38, 1908-1918.. registered Qcoupon Q3s, 1908-1918
3s, 1908-1918, small. coup Qregistered
4s, 1907
coupon Q4s, 1907
registeredQ 48. 1 925
4s, 1925
coupon Q-
Jan *104
1
•
;
—
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 2 to 8 p. c. To-day's rates on call were 2@8
Prime commercial paper quoted at 4%@5 p. c. for
p. c.
endorsements and 4%@5 p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £2,328,052 and the percentage of reserve to liabilities was 38.60, against 40.03 last
week. The discount rate remains unchanged at 4 per cent. week's price. Pennsylyania, Baltimore & Ohio, New York
The Bank of France shows a decrease ofA 22,175,000 francs Central and Northwest, have been strong throughout the
week and show a substantial advance. Chesapeake & Ohio
in gold.
has been unusually active and is lower.
NEW YORK CITY CLEARING-HOUSE BANKS.
Miscellaneous and industrial stocks have, in most cases,
Cast Iron Pipe
strong and some are notably higher.
Differences
been
1905
1904
1903
from
over 7 points, to the highest quotaadvanced
has
common
Sept 30
Oct 1
Oct
3
previous week
Slosstions in its history, and the preferred 4% points.
Sheffield Steel & Iron, Smelting & Refining and Sugar
Capital
115,972,700
115,972,700
113.072,700
Central Leather, Coloare about 3 points higher.
Surplus
140,160,800
134,643.500
134,433.300 Refining
Loans & discounts 1,071,630.300 Dec 4,810,300 1,143,033,900 912,903,100 rado Fuel & Iron and Tennessee Coal & Iron have made a
,
,
t
54,066,100 Inc
Circulation....
Net deposits
353,800
Specie
Legal tenders.
201.606,000 Inc
76,050,300 Inc
1,051,600
lieserve held...
25 p. c. of deposits
277,556.300 Ino
270,116,275 Deo
1,522,300
,
40,576,000
244,367,100
78.745,600
45,674,700
897,214,400
167.478,400
70,762,700
323.112,700
303,199,275
238.241,100
224,303,600
Deo 2,730,700 1,212,797.100
•1,080,465,100
.
470,700
682,675
7,440,025 Inc 2,204,975
Surplus reserve
19.913,425
13,937,500
* $8,495,100
United States deposits inoluded, against $8,658,400 last
week and 123,262,400 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $9,563,800 on
September 30 and $7,399,650 on September 23.
Note. — Returns of separate banks appear on the preceding page.
—
substantial advance.
For daily volume of business see page 1092.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Sales
for
STOCKS
Week Ending Oct 6
Amer Beet Sugar
Preferred
Amer DistTelegraeh
AmerTeleg& Cable
Asso Merchants. 1st pref
Foreign Exchange. The market was irregular this week Cleve Lor & Wheel
Sou Tr Co ctf s.
though generally strong, influenced by dear discounts Detroit
Pr TrCoctfs
abroad and by firm rates for money in New York. Gold Eastman Kodak
& D C stamped
engagements for the week, $3,300,000; arrivals, .$1,460,000. Ft WorthChemical
General
To-day's (Friday's) nominal rates for sterling exchange
Preferred
were 4 83@4 83% for sixty day and 4 86@4 86% for sight. Homestake Mining
Internal Steam Pump, \>f
To-day's (Friday's) actual rates for sterling exehange were Kanawha & Mich
4 8215@4 8225 for long 4 8520 @4 8530 for short and 4 8570 N Y Dock
J Telephone...
@4 8580 for cables. Commercial on banks 4 8165@4 8175 NY&N
Northern Central
and documents for payment 4 81%@4 81%. Cotton for pay- U S Leather
Preferred
ment 4 81%@4 81%, cotton for acceptance 4 8165@4 8175
.
,
and grain
for
81%@4 81%.
payment 4
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20@5 19%a for long and 5 18% @5 18%a; for short.
Germany bankers' marks were 94%@94 7-16 for long and
95@95x
for
short.
Amsterdam
bankers'
guilders were
40 1-16@40 l-16x for short.
Exchange at Paris on London to-day 25f. 14c; week's
range 25f. @16% high and 25f. 14c. low.
The week's range for exchange rates follows
Sterling, actual
—-Long
Short-
©4 8260
Low
4 8215
©4 8225
Paris Bankers' Francs —
High
5 20
©5 19^a
Low
5 20
©5 19?^a
Germany Bankers, Marks —
High
94 7-16 @94M
High
Low
4 8250
94%
©94
7-16
Amsterdam Bankers' Guilders
High
©
©
Low
Less:
Plus:
a 1-16 of
1«
k 1-16 of
l
l
.
I
|
I
|
4 8520
18H
18H
5
5
|
—
|
I
40 1-16
1"
I
4 8595
4 8570
i4 86
H 8580
s
95
94 15-16
40 1-16
d 1-32 of
x 1-32 of
-Cables-
©4 8550
©4 8530
©5 17^v
©5 18y x
4 8545
595z
I
£95ft
§40^
40 l-16i
|
h 3-32 of 1"
V 3-32 of 1«
6
.
The following were the rates for domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
50c. per $1,000 discount; selling, 75c. per $1,000 premium:
Charleston, 12%c. per $1,000 premium; New Orleans bank,
50c. per $1,000 discount; commercial, 75c. per $1,000 discount; Chicago, 20c. per $1,000 dscount; St. Louis, 25c. per
$1,000 discount; San Francisco, 30c. per $1,000 premium.
State and Railroad Bonds.
No sales of domestic State
bonds have been reported at the Board this week.
The market for railway and industrial bonds holds generally steady.
Daily transactions in this department are
—
Range for week
Range
since
Jan
1
Week
Outside Market.
100 25 Oct
100 84 Oct
200 32 Oct
100 9240ct
320 109 Oct
500 80 Oct
4
5
4
6
5
25
84
32
Oct
Oct
Oct
92i4 Oct
5
3
3
12
—A
77
2«
4
6
Oct
Oct
85
100
100
200
125
100
300
200
100
20
500
200
300
234Aug 344Mar
5
1104Oct
3
1140ct 5
100 4140ct 5
900
4
4140ct
Jan
96
72
2640ct
3
Oct 2
Oct 2
12T8 Oct 3
HI Oct 3
171
Sep
Jan 110 4Oct
Aug 90 Feb
8 J'ne 123gSep
39 J'ly 43 Sep
5
5 1483gOct 14978 Apr
148380ct 5 US^Oct
74 Oct 3 74 Oct 3 44 Jan
70 Oct 3 72 Oct 4 56 Mar
10534 Sep30 105 34 Sep 30 101 Apr
80 Oct 4 80 Oct 4 71 Jan
82 40ct 6 8340ct 4
78'uMay
36 Oct 3 30 Oct 4 29 4May
223
86
May 38 Jan
904May 99 4 Jan
75 Aug
72 Oct
1 06
Aug
80 Apr
88^Apr
39 Mar
2640ct 3 214May 28 J'ly
171 Oct 2 167 Jan 174 Mar
223 Oct 2 206 Aug 223 Oct
12 78 Oct 3
11 Apr l^SgJan
112 4 Oct 4 100 Wan 11240ct
broadening tendency has developed
week dealings beng well scattered
over the entire list. Advances have been the rule and
almost every prominent issue has shared in the rise. Among
those conspicuous in this respect have been Standard Oil
The former jumped up
stock and American Can securities.
American
34 points to 672, ending the week at this figure.
Can preferred rose from 70% to 73, but lost some of the
advance and closes at 72%; the common ranged between
10% and 11%. The heaviest trading was in Chicago Subway, which opened the week at 56, dropped to as low as 55%
and advanced to 58. A part of the advance was lost, and
Mackay Companies stocks
the close to-day was at 56%.
were in good demand, the common gaining 3 points to 47,
easing off later, and ending to-day at 46%; the prefrred
sold between 74 and 74%.
Interborough Rapid Transit
declined from 215 to 212; subsequently it recovered, and
Little business was done in
closes higher to-day at 213%.
Northern Securities, the stock losing a point to 189 and ending to-day at 189%; the "Stubs" were traded in between
375 and 425. American Tobacco sprang into activity,
advancing from 342 to 350. The mining group was active,
and with but one or two exceptions prices were advanced.
in the outside
market
this
,
Copper Securities ranged between 23% and 25%, closing
United common gained 2% points to 35,
to-day at 24%.
and closes to-day at 34%. A list of advances of a point or
more would include Havana Tobacco common and preferred,
American Light & Traction, Central Foundry preferred,
Bethlehem Steel preferred, etc., etc.
Outside quotations will be found on page 1092.
*4
*
'
V
V
'
New York
.
'
I
Exchange— Stock
Stock
Record, Daily, Weekly and Yearly
TWO PAGES
OOCITl'YINi.
STOCKS— HJ^H t-ST AMD LOWhST SALA. fRlC±.S
Saturday
Srpt SO
6
546
5
22
1
2
.
Salts
•crocKJS
J/eiiiiay
2 UfMIClJ/
Wednesday
Thursday
Friday
Oct 9
Oct 8
Oct 4
Oct 5
Oct 6
NEW YORK
01
(he
STOCK
A'anye /or Year 1U0B
Hani/e tor iY«uiou)
basis 01 10U-tharelot*
Year (IU 04)
On
Week
KXCUANGK
Snares
Hiyliesl
Lowest
Jiii/hest
H
89
00 >e 904
-
•104 4 106
lo".
LOS
a
166
166
:
i
118
ii a
8K
1
98
71*
•86
-.
108
166
•96
•00
88
71* 78*
884
7'J*
B84
1764170
634 884
174\ 1764
89* BO*
101%
105>-j 100*
118* IIS •>
:
* 113*113*
•96* 98
72 V 78*
•86
I
174'4 176
684
89*
89 V
89*
104*4
105
104*
166*
B01
108
167 4
118* 111*
'<
'.,
l{llllrini<l».
Po* <W, Atoli.
118* 118*
•06* OS
71* 72 4
B8
72* 78*
104*
104'-.
164
166
'.
'i
T,H>i>k;i.ftSuntaFe
Do prof
AilnniuM'i 1:1st Line Kit..
7
72
1
884
171* .J
•684 88
•
1
89
1,300
93* Mar
105* Sop
.Ian 2
9
64
Feb
S9*No<.
1
87* Jan
104'h.Vo^
8,600 120 Jan 86 170 Apr 34 104 4
mi .
in
117 AiikII
72*
.Mar
100 Anglo 87*
91
Brooklyn Kiumi Transit.. 132,020 50* M»yaa 73'aJ'ly 8 33
I'u ri;,ii> a- gnsqne, i>re(...
87 Sep
91* May 13 88
73.74*0 130* Jan 28 177* Sep 21 109 4
('iimiOiun l':uirU'
113*1 18* Hnllunoio.t Ohio
•00 4 os
lo,
pre!
•--;.
s^
•88
88>i
173 174 4 172 V 178 V
•OS '4 88
68* 68*
212 3144 {214 814
67
69
67
67*
•37 4. 38 4 •30
38 4
79
79 V 70*
80
77*May2
29,700
62, 435
.1
1
1
Feb 156 V
No'j
Mar 103 V Ded
BVb
96 4 <>o»
Fell
70*.No'
Nov 89 Aui
Mai 135* Oc'
Apr 72 No!
300 97 V Jan 11 74* Augl
64
1,420 190
M»y28 220 Anglo 154 4 Feb 194* No'
39,910 46*May22 0O*Mar2l 28 V -Mai 61 Nol
•86
S8V
88 * •37
31
44 4 Marl
33 Jan 47 V Nol
May3
• 70
7:'
"Too 77 V in 8fi 83* Apr 7 75 Jan 86* Jan
80
79
79 4 794
Do pr-'i
S V 81
7,800 17*Msy22 25 V Marlt!
81* 81* 81* 214 21* an,
21V 81* 21V 3 v OhiOBKO lireut Western..
12* J'ne 26 V -V01
•88
884 87* B8
88
•87* 88*
884
88
800 H.i-U Muy2V 80 Sep
804J'ly 90 N01
83* 88
Do 4 p. o. ili'benturew
.•
•77
78
78
78
•77
« 774
400 80 J'ne 9 78 V Sep 2^ 47 4 J'ne 74* Nol
78* 78
774
78
Do 5 p. 0. prof. "A"..
301
3e* 36* 96* 86* •35 8 86*
35* 38 * •86* SO* »36* 36*
29 May2! 37 V Apr ) 7 20 J'ne 39 V N01
Do 4 p. c. pref. "B"..
lsc* 183* ISO* 181* OhlOBffO Milw. & st. Paul 65,050 1 68 V M uy
181 V, 183
181*1*24 182 182* 181*183
187 4 Apr 17 137* Feb 177* De,
Lt$»4 1894 189
188 100
189
:ss
L'80 182 4 Jnnl3 192 4 Apr 17 173
Mar lH5*Oct
188 1894 188 190
190
Ho jn-<>r
-10
•J 10
3
916
816V, 917
216 217* 210 4 -'17
9,001 rtluOHl.l'ne
249 .Ian 31 li'.i '« M.u 2 1 4 V De<
216 220 Chicago <fc North Western
•236 246
840 260
240 880
J4 5
240 245
235 245
Jan 13 2i;5V Kob 1 207 Feb 237 Not
34
Do pret
•1-7
•1-7 195
194 184
196
190 195
190 1931. •1S7 195 Chic St. P. Minn. & Om.
"i'o'O 150
225 Jau31 135 Mai 160 No1
Jan
'190 20O
•190 196
190 195 •190 200 " 190 200
190 200
105
Jan 17 230 Jan 31 8163 Apr 192 De4
Do pref
*
18^
18 34 •16
18 4
15
18* '
18 4 •15
18V, Chicago Term '1 Transfer.
20 J'ne2s
6 V Aug 16 V Not
7'i Jan
•37 4 40
88
39
•374 40
37 4 40
374 10
200 17 4 Jan 4 42V J'ly 5
•37 V 40
27* Not
Do piii
13'.
12 4 13 4
11* I'.'
12
12* 12*
12* 12 4
6 J'ne 2 13* Feb 2
4 J'ly 16 V Nol
12 V 12* Chicago Union Traction. 17,000
4 43
44
45
49
42
43
44
4
49
43* •43
44
4,000 30* J'ly22 54 Feb 3 20 May 48 V Not
Do pref
100 101
•98* 09V •98 V loO
1004101
094 99 4' 99 V 99* Cleve. Cin. Chic & St. L. l.'JOO 90 Jan 14 111 Mar21 68 V May 93* De4
•117 181
•1)7 191
•117 191
117
117 121
121
'117 121
Do pref
115V J'ly26 121* Marll 100 Feb 116 Not
32".46*0
28*
29
28
29*
28*
28*
V 284 29* 28V 88* Colorado & Southern
22 V Jan 20 30*Apr2d 13 V J'ne 24* Not
28V 88*
61 '4 61*
i.'O
614 62* 62 34 634 63 V 63 4 •68* 63V
63
3,100
62 Mny23 64 V Feb 10 48 J'ne 68
Do
preierretl
1st
68
44
44
48* 44
44* 43* 4 4
43* 44^, 44
21,300 32 V May 23 45* Sep 21
17*J'nf 37 V No*
Do 2<1 preferred
434 44
•2164
-16 217
218 318 •216 220
219 219
2,^00 178VMay22 25 Aug22 149 Mai 190V De«
214 215
Delaware & Hudson.,
•160 460 •450 460 •445 460
457 4 460
446 460
300 535 Jan 26 170 Augl 250 V Feb 359* Deo
'457 475
elaw. Luck. & West'n.
1.225 27*M.iy23 37 V Sep 1
98* 36* •35* 36*
35 V 35 V
18 Mai 36* Not
36* 35* 85 V 35*
31*
Denver
&
Kio
Grande.
34*
•89
90',
90
90
89 V, 80*
89
1,790 83 V May J 91
S9V 89* 89
Mario 64 V Feb 89 Deo
Ss* 88*
Do pref
•15
•16
•16
21V,
•10
22
21*
18 May22 23VMarl7 19 V Jan 27 Deo
21V
Des Moines <& Ft. Dodge
•93
•93 34 94
94
94 4 94V 893* 93* 89J* 93* •93
185 76 4 Jan 2
94 4 Detroit United
95* Aug2. 60VJ'ne 70* Deo.
15*, 16*
16* 16* 15
16
16* 16
816
16
97
11* May33 17VJan21
6 V J'ne 14* Nol
•16* 16 V Duiuth So. Shore & Atl.
-35
•35
35 V, 35*
36
36
35
35
35 4 35 *
1,320 21 May22 37 Jan 21
9 V Aug 28 4 Nol
Do pref
835* 36*
7
50 V 60 \
60*8 60*
103,450 374 May
52* Aug20 21V Ma> 41*Nol
50V 50* 49 4 50* 49* 60* 49* 40 P ITIrie.
82
82*4 82*
82*
Si 3 , 82 V,
8,410 74* May 2
81* 81* 81V 81* 8034 814
85*Augl6 66* May 77 Deo
Do 1st pref
73',.
7SV 73* 73
5,220
Jan
3
73 « 73*
55
4
78* Ang24 33 May 68 V Deo
V3
73V 73* 73* 78 4
Do
pref
2d
72*
•72
•72
•72
•72
•72
77
77
77
77
77
63 J'ly 6 75 Aug 11
•72
7/
64 J'ly 67 Deo
Evansv. <fe Terre Haute
•8»
'85
1*5
•86
•85
*85
95
95
B6
95
90 Feb 28 96 Aug 12 72 Feb 83 Nod
85 96
Do pref
•825 887
327
3274
V
326
3274
326
324*326
324
7,900
236
Jan
4
35
8^5
V
4 323 4
Great Northern, pret...
Apr 17 170 Mai 2124 Deo
83 Feb 16 90 Jan 13 70 Aug 86VNO-S
Green Bay&W..deb. clf.A
28
23
23
23
23
23
28*
Do
85 17 May22 24 4J'nel9 11 J'ne 20* Not
deh. ctf. I
23
•24
24 "»
24
24
23* 23* *23V 23 \ •23 V 23* 21V 24 4 Havana Electric
900 15 Apr 24 25 4 Aug
*714 7:4 •7lV 784
72-4 72 •, •714 784 •71V 72 4
Do pref
900 50 J'uel5 74 Aug 14
714 714
•90
•90
•90
92
92
924 •90* 91* •90
934 •90
86* Jan 13 99 Marll 60 May 94 Deo
93 4 Hocking VaUey
•01* 98
•91* 08 S •01* 92 4 •92
•92
93
90 Jan 18 96* Mai 18 77 Mar 95 Dea
93
Do prof
914 92 4
189 ltd
181V. 182 4 181
162 V 189
132* 180* 181
180 V 180* Illinois Central
9,409 152* Jan 26 183 Sep 28 125* Feb 159 Deo
34
29
28* •284 29
80* •23* 384
28* 28* •28V 20
Nov
14 J'ne 33
owa Central
1.300 24 .MayJl 32 Feb 3
57
•57
o7 't
57
57
58
5YV 57 4
ibl
57
57
Do pref
57
1,850 50 May 10 58V Augl4 32 Feb 59* Nov
•t5* 66
•854 S6K, •80V 86 \
85
85 4 •85
88
cts. pfd
600 81* J 'ne!0 86 V Sep 29 64*J'ne S3 V Nov
KC.Ft.S.<feM.,tr.
•26'4 28
27
2 '
•26 V 274
27
34 Kebl4
16 V Feb 31* Nov
26V 27
ansas City Southern..
1,500 22 V May 2
26* 26V
57
654 56
•64
56
66
55 V 55* •54
55 4
Do pief
700 52 Jan 3 70 Feb 14 31 Feb 56* Nov
L __
54V 54 V
•33
•34
•33
•34
37
86
36
•33
37
J'nel6
Mar 43 V Deo
36
•33
26
44VMarl4
36
Lake Erie <fc Western... "250 28V
•96
•96
98
•95* 98
•95* OS
98
91 J'nelo 106 Marl3 85 J'ne 105 Oot
95* 95* 95* 7
Do pref
5310 310
L. Shore & Mich. Sonth'n
80 5290 Jan 20 5350 Maris 5245 Nov 5300 Deo
•66
68
'65 4 67
6~s'
•06 4 67
65 4 68 •65 67 4 Long Island
50*Mny22 71* Aug23 46 May 62 V Nov
»6fl
154* 155* 151*155* 154 V 155* 154* 156* 153*154* 153VV 154V Louisville, &, Nashville.
Feb 148* Deo
6i",8*o"6 vU IV Jan 25 157* Sep 23 101
•165 165 * 105 "a 105 4 165 V 165 4 165* 165* 165*165 J4 165 4 165 4 Manhattan Elevated...
May 1 175 Feb 9 139* Mai 1 69 V Nov
1,500 161
J
80* 81* 80 4 81
81
81* 80 4 81V, 80* 80*
Jan 9 91 Marl7 72* Mat 96 V Aug
80* sl
etrop. Secur., sub. rec. 15,200 73
1254126* 183* 120 4 126*126 7i 126 V 127* 125*126* 125*126 Metropolitan Street
30,450 114 May 11 133 Aug28 104* Mar 130* Oct
24
84* 24 '4 24'.
24 V 24*
26 Marl3
24* 25 V 24 V 24 3
18VMay22
6
Apr 23* Nov
56,200
24* 25 V .Mexican Central
•140 160 •140 160
140 160
140 160
140 140
Michigan Central
100 H30 J'nel4 165 Aug2J 5119 V Feb 160 Nov
73
73
•72
•72
75
75
71
75
74
74
Minneapolis & St. Louis.
300 56 4 Jan 12 74 Oot 5 40 J'ne 67* Jan
98
98
•98 110
•98 110 •100 110
102 V 102 4
Do pref
200 86 Jan 19 102 4 Oct 5 80 J'ly 96 V Sep
•13841394 139 140
140 140 •139 140
140 1404 140 V 142 4 Minn. S. P. So S. 8. Marie
66 Jan 95 Oct
1,600 89 4 Jan 1 144 Sep 20
•164
•
166
•163 166
163 166
•162 4165
148 Jan 13 170 Sep 1 116 May 150 Oot
Do
pref
165
•162V
84* 34V
34 V 34"
33* 34* 33 * 34* 33* 33* 32* 33 4 Mo. Kansas & Texas
13,100 24 May 22 35 AugSO 14* Feb 36* Nov
69 4 69 4 •60* 6.'*
69* 69 4 69 V 69* 69
32 V J'ne 65* Deo
Do pref
69* 68* 68*
2,450 56* May23 73 Aug 2
1' 5S190*
105* 1U6'4 105 4106
105 V 106 4 104* 105* 104*105* Missouri Pacific
23,150 94 4May2'2 110* Mails 87 Feb 1 1 1 V Deo
•150 154
•)5u 154
'150 153
150 154
137
101*
Feb 147* Deo
•150 153 160 153
Jan
12
158
Chatt.
&
St.
Louis
Apr
26
Nash.
•36* a8 4 •30
38
•36* 38
•36* 38
33* May 8 45 Jan 16 34* Feb 45 V Nov
•36* 37* •36* 374
at.of Mex, uon-cum.pl
*20V aos 'M
20 4 •20
•20
20 4 19 4 20 4 •19* 20 V
204
17* J'ne20 24 V Jan 10 16* Feb 25 V Nov
Do 2d pref
15l V 150 '4 150* 150
151* 160V 151* 1494150* 149*151 X. Y. Central & Hudson.. 37,900 136* May22 167* Matl4 11 2*.Mai 145 V Deo
55 -j 55->4
55 -j 56 *
00^4 56
42 Jan 20 56 4 Sep 22 25 May 47 Deo
64 4 50*
5jVj
54*
Y. Chic. & St. Louis...
N.
7,100
55
55
•115 120
•115
120
'115
120
120
1
6
114 J'ly 27 122 V Jan 30 101 V May 115 Nov
•115 120
Do lstpref
-115 120
88 '.
86
80 3, •85
"506 74 May 4 86* Oct 2 60 J'ne 78 Deo
87
864 864 •83
•83
Do 2d pref
87
87
209 4 209
208*209
203 4 8209* 207 4 208
207*2074 N. Y. N. Haven & Hartl. 1,802 a 94 May22 J 2 16 Sep 21 5185* May 199 Oct
55M 55 4
O.I -2
5uV 64* 55* 54* 55* 64 V 54* 54
64* N. Y. Ontario <fe Western.
9.950 40* Jan 5 64 Mar30 19* Mar 47* Oot.
85* 86
85* 86
85* 86* 85* 85* 85* 85* Norfolk <fc Western
16,200 76 May 10 88 V Marll 53 V Mar 80 V Deo
-91
92
-90
93
93
•90
93
•yo
Do adjustment pref.
890
90
•90
18 91*Feb24 H6 Augll 88 May 95 Dec
93
811 "a 919
212 212 4 211 212
209V211
209*2104 208 4 210 Northern Paoific
7,100 100 Apr 24 210VAug21
lo5 ivo
1041a 104 4 105 105
104* 104* •104V1054 104 105 Ijacilic Coast Co
700 78V Jan 17 107 4 AugSO 5*£" Feb" 82V Dee
•I06 110 •104 110
101 108 104 108 •104 108
100 Jan 8 108 Feb 6 95 J'ly 101 Sep
104 110
Do lstpref
•105 1064 •104 107
104 104
104*106
Do 2d pref
106 lUo 1054
"SOQ 85 Jan 12 107 Aug30 61V Jan SOVDeo
i4;<-2ii4»8 144 144 4 143 7 144* 143* 145
143 4144* 143* 144 V Pennsylvania
,
155,175 131V May 22 148 Aug24 UlVMar 140 Deo
*36
42
36
36
•36
•37
42
42
-36
42
•35
40 Peoria <& Eastern
200 27 Jan 26 48* Apr 3 17 Mai 32 V Deo
77 Jan 6 106 Feb 14 74* J'ne 81* Jan
Pore Marquette
78*.J'ly 12 87 4 Feb 6 868 May 70VNov
Do pref
»»4 »1
83 4: •81
•81
83
70 M»y23 87* MarlS 55 Apt HO Deo
83
•81
-31
83
83 Pittsb. Cin. Chic. & St.
106 iu
106 112
106 112
105
106 112
Feb 17 112 Maris 90 Apr 107 Deo
Da
pref
106 112
100 112
122
123 V 124* 123 4124 V 122 4124* 122*128* 122 123V Reading
38* Mar 82* Dec
192,000 £79 Jan 13 125* Aug'-i-i
97
95
95 4 •94
94
98
94
1st pref
93
92
92
16,700 90 May 2 2 97 Sep SO 76 Mai 02 Deo
92
loo 1004
99* loo 'a 99 100
34
99*100
Jan
5
-sep
2o
55
100 V
26 pref
8,100
V Feb 85 Deo
98* 99
99V 90V
33
33*
33 4 34"
10 V.Mai 37* Nov
34 V 34*
33* 3i* 33 4 33* 33* 34, Rock Island Company
102,600 24* May22 37* Jan 18
60
80
81
Do pref
80* 81* 80 V 81
80
16,826 71VMay22 85 Jan 4 57* Jan 86* Nov
80 V
70* 90
Mar 18 Nor
12 J'ne 2 19* Sep 15
CL J a»S4>h<&Gr'd Island.
'
35 May 60 Not
Do lstpref
40VMay24 62 4 ->ep 1
20 j'ne 8 3 I * Sep 1
16 Jan 80 Nov
Do
2d pref
•
80
79
•78
80
?6l
Mar 79* Deo
79
79
•78
•78
80
800 73* May22 31V Mar
80 St. L.<fcS.Fr., 1st pref
6 * 7o-4
"04 714 70
70
71
71V
Do 2d pref
69
69*
17,425 61 May26 73 4 Mar 6 39 V Jan 72 V Dec
69V 69V
195
185 195
185 Deo
104
190
Jan
108
104
C.& E. I.cora stock tr ctf s
600 175 Jan 30 194VJ'uel2 150
185 198
185 195
34*
9VJ'ue 29 Doc
24* 34* •24
St. Louis Southwestern
24*
825 20 May22 27 4 Jan 20
24
24 V 24*
24
61', 61*
614 62 >4 Bl
81*
•61
Do pref
62
88
62
1,000 55 V May 1 66* Apr IS 25*J'ue 60* Deo
61V 61*
bJ'<
69 4 704
70
70*
69* 70* 69
69 \ Southern Pacific Co
174,790 57* May 4 72* Im >b 37 41V Mar 68* Nov
69* 69
•11' '» 12(J', 120
120 '4 •1 19* 120', 119 119* 119 119
Do pref
1,560 115* Jan G 121* Keb 15 L13 Sep LIB* Deo
119 119
36>, 37- 4
36J4 37 \
36* 37*
37
37* 36* 36* 36* 86* Southern v.tr. ofs. stmpeu 44,940 28 May 19 88 Sep 22 18* rob 37 V Deo
•99 "a 100 '4 100 100* loo v loo
Do pret
•99* 100 J100V100V
do
99* 100
711 95 Apr 2* L02V8ep 1 77 4-1 an 97 V Deo
•98 4 9dV
M. A> O. stock tr. ctfs.
97 Apr 13 100 4 Augl 1 90 Feb 98 Doc
•98* 100
35 4 35* *83h"m* "354*35* " 85**36 V
Jy, Texas A
Maris 20*. I'ue 38 V Nov
Pacitlc
35
7,200 29* Apr 29 41
35* 35* 88
89
i
•119 2 4
68 4 68
1
*918
•68 V
216
212 913
68 4 58
68* 60*
Southern
aiiao:.
Central ot Now Jersey...
tpeake <fc oino
884 !Uicago .v Alton
210
67
•81
811
57*
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BANKS AND TRUST
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187*
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530
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170
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/I
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f
1
250
(10
80S
350
.
oriental*
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n Sold
1
lain
.;,|
4
r. v
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1200
at private
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i
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;
176
nl
108
,
«••••
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576
'
I'rnil
Ask
20j
oh. nix
KID
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170
AtfieBiment paid.
JOO
1*1
1300
.
175
15
490
I
lOlh Ward'
Hut
490
Bantu
Park
106
r...
170
190
300
1'
SUilo jauiu.
.
J
M ulnar
1700 New Amatoi
332 V New York !o
272 4 N X Mat
New York.
4"0
.
Ask
Bui
in 11k •<
282 V
lonl
182 4
laherty
500
Lincoln
1600
aonattanti, 322 V
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MO
i
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1
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1
..
•
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Jul)
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,'»
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3500 3750
auction turn
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....
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in
:
ASK
155
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.
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nterborofl.. 145
I
11
1
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t
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,
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'
u
our
i'
FAMES— BROKERS' QUOTATIONS
340
tir.li
1 4 til streii"
.'00
15o
150
Bill
llOJlitM
Fifth
210
nm 4
Co inn.'
Discount^
ASK
Hid
4400
;iUzeiiV Ctrl 160
2-i7
City
Coal & Iron.
*
Colonial
... 600
Columbia' .. 100
•
166
iry
<
I
Hanks
o'lieraioal
SEW TORK
(JO 31
.
New
atocu.
1061
HTOCE&—HJUHI:.S'l
Monday
Saturday
Bept 30
Oct a'
•120% 127 k •126 128
•33 s* 85
86
88 k
38
38Hl *87% 89
•58
5*% 58k
59
Ii7%ii7% 118 118
132 k 188%
'95
78
16
78
91
91k
•80^ 82 k
28%
42%
23 k
42-V
•17%
IK
•40
•25
30 k
42
26
1
33 k 134 k
95% 953.
77k 17 \
91k 92
81k 81k
23
28 k
42 k 42%
-.
*25
250
60
60
84k
84»4
•22 k
•87
23 k
36% 38%
•99 lOOJ,
29 k 3034
•225
LOWh.S'J
Ivettlay
Oct 8
'
127
28k
42
31
*30k
31
'n
23%
42%
4 4',
40 k
18
41
22
',
!
17k
17 J4
91-'
82
•81
235
mm
126
128
.
...-,
17%
37>H
128
I'liinl
132%
]'::'-,
111 ',
91
Avenue
23
4234
77%
90%
1
23
40
40
*240 250 *240 250
*240
J50
240
18% 18
1734
18
18 k
18k 18
60 k 60%
61%
01
60 k 61
61%
85
*4k 85% 84% 86 »,7
85 k 86 k
23% 23% "23% 23
23% 233< 23
-87
87
87
•87
37
377,
37
37 k
37k 38% 37
•99% 100
100 100
100 100k 100
32
323,
31
32% 32 k 38% 32
•90 100
*90 100
90 100 90
225 235 220 230 *220 230
220
,
250
173,
61
700
i
prel
Pacific
[mom
Do
22
43
7
1
UnitltysInv'tofSanl
pret
2.088
r.,i
Do pref
2,9
Do
43 k
41
25
Wheeling
41
26
Do
<fc
Lake Erie..
•j
69
Industrial
Adams
250
18k
&
<
500
loo
400
100
let prel
Do 2d prel
2d\ Wisconsin Central
Do pret
69 k
293t
•240
18
60
14,600
pref
IS
Lowest
Highest
24
38
100
32%
:
i.
M
American Cotton
32
Do
''
i
i
i
200 {236 Jan
May
350 46 k May
2,loo
I
32
227
13
9 {250 Feb 7
4 1'JkAug 1
4
68 Feb 17
8,26u
Oil
prof
American Express
7% American Grass Twine
Amer Hide & Leather.
7
ioo
000
3oo
227
27%
J'ly 19
89k J'ly
k Jan
{209
11
4
*6%
7%
7
7
7
7
7
•34
7
7%
7
6%
•6% 7
32 k 33 k
27% 28
7%
7
33 k
6%
7
*6»4
•6%
..
J
1
Ma
3
1
72% Jan
Oct
21% Not
24% Deo
87
Deo
35%Deo
14%
J'ly
67
94 34 Deo
J'ne 37 7e Deo
J'ue 97
Not
J'nt 219 Not
Jan
Apr 3 24%
Feb
88 34
Feb 27 180
38
97
246
1
A uv
2% Jan
ll'Wan
4834 Deo
J'ne
20% Not
14
5
11
Deo
k Deo
>
7
22kJ'nt 42 k Not
16k Jan 36% Not
1
,
{
W
k Jan
k J'ne
16
J'ne
46
Feb
105
Not
9
29
Deo
Deo
82 k Deo
Oct
Jan 170 Not
88% Jan
110
85
115
Jan 99% Not
3kJ'ne 15k Dec
J'ly 67 k Deo
122k Mai 163 Not
26
Jan 141 Not
Keb 149% Not
85% Nov 06 Deo
10 Jan 25 Not
69 Jan 94% Deo
61 Feb 2078 Not
185 Mai 129 k Oct
123
121
J'ly
12% Deo
47' Feb
62 34 Deo
Mai
Apr
68% Not
5
25
63
8
185
'v
95 Deo
19 k Dec
Feb 220 Oct
934 Maj 26 k Not
65 Mai 82% Not
19 k J'ue 40 k Deo
82 Nov t<3% Not
43% Nov 68 Dec
71 Nov 90 Not
cl51
J'ne 194 k Not
10 k May 25% Deo
64 k Feb 79 78 Deo
26 Mai 72 k Deo
8 Sep 12 k Oct
4a k Jan 66 Oct
36 Jan 59 k Not
J'ue
•
look Jan
17
Not
14 Sep
75 J'ly
14 k Eeb
23 k Not
87 Deo
26 k Oct
92 34 Mai
12
24 k May
67 May
44 k Oct
92 Deo
80 k Jan 98k Deo
120 Feb 164 Not
80 Mai 07 Not
24 Feb 55 Not
209
16
71 34
Mai 244
Mai 35
k Deo
Not
Not
Mar 94 Dec
May 18 k Not
Mat 73 k Nov
14% Apr 29 78 Deo
6
37
98
65% Not
Deo
5 Not
77 k Not
39 k Not
13 k Not
75 k Not
20 k Deo
Jan 105
3 Mar
4
31% Ma)
:
Dec
74% Jan
31k Jan
77
;
C
2
76
O
47%
Mai
6
43% Apr 14
104 k Apr 6
De pret
33% 33 k
27% 27 k American Ice Securities.
•18 34 19 V Ajnencan Linseed
42
Do pret
$42
56 k American Locomotive...
54
Do pref
113 113 k
American Malting
6
6
220 Feb 250
39 k Mar 7 1 Not
43 k Feb 82% Deo
89 7g Apr 14
29 k Apr 15
95 Aug 19
4 '4 Augl
14 Jan 4
6 J 'lit;
Ilk Jan 14
3,750
3
1
Sep
13
%
65%
Marl
35
33k 34
•32 k
33 k
4.565
1*
J'ly
29
24%
27% 27 k' 27% 27%
27%
4 Augl
27%
27%
27%
4,100 15 k Jan 17 2234 Apr 1
18
18%
19k 197„ 19% 19% 19 k 19 k •18k 193,
2,450 36 Jan 19 48 k Apr 7
42
40% 42% 4J% 43 k 42
41 34 42
•41k 43
33 Jan 25 61k Apr 13
67,500
64
53
k
55% 54
553.
62% 54% 53k
k
53 k 54 k
1,600 103 34Jan 5 122% Apr 15
112 112k 113 1133, 113% 113% 113 113%
112 k 1 13
5,700
4 Sep
8% Jan 14
4k 4<.
4% 4% *4% 4°*
6 l4
6
6
4 78
243.
Do pref
4,100 20 J'ue
28 k Mar 7
*24% 24% -24k 24% *24
•25% 26
25% 26
24 k 26 k
99
Amer
5,000
9!l3p
Sep
99
99%
Smelters
97%
•98% 98% 98% 99
99 k
k Oct 3
Sec pref B
99
99 k 99%
99%
13178 Aug24
127 k 127% X126 126% 126% 129
129 k 130k Amer. Smelt'gcfc Refin'g. 159,720 7934 Jan
128% 131% 128% 130
Do pret
121 k 122% 121% 122% 122
4,320 UlkJanl3 128 Aug23
121k 121k *121kl22
122 k 121% 121%
142 163 May31 200 Aug2'J
*190 200
190 200 '190 200
195 195 ?189 34 189% American Snuff
195 200
102
Do
99 Jan 7 106k AugtO
102
pret
•102%....
k
102
105 107
105 ....
678 J'ly27 18%Mar20
1034
American
6]336
10
10% 10 J
10%
Steel
Foundr'e.
10%
9% 10
10%
10%
10k
10%
Do pref
4,000 85kJ'uei4 67% Apr 4
40 k
89k 39k 39% 40k 40 3 40% 40
40 k
40
40
40
140 4 142
138k 139% 140 141
141k 143% 141%1427j, 141% 142% American Sugar Refining 56,255 130 May22 149% Mar 2
Do pref
1,700 133 MaylO 141 Augl
138% 138*, 138% 138% 138% 138% '139 140
140 140
140 141
"138 140
13678 May24 148 k Jan 6
141
139 140 Amer. Teleph. & Teleg...
138 140
138 140
7
8.710 9178 Jau25 Oi Augl
102 102 k 102 102 k 101 k 162k 101k lo2
102 102
101% 102 8 Amer. Tobac. (new), pref.
38 k 39
25,590 20% Jan 26 40kAprl8
37% 38% 38 k 39
37 k 38 American Woolen
37% 38
37 k 38%
Do pret
1,893 93 Jan 6 !08kMari5
105 105 Zl03 34 1033. 103 '4 10334 103 k 10334 103 k 103k 102 103
124 125
8,365 1 00 k May 22 130 Apr 13
124 124
124 k 125
1247 8 125
123 125% 3117% 119 Anaconda Copper
"185 195
•180 190
Orooklyn Union Gas
184 k May22 x215 Feb 14
180 195
190 *135 195
185 195
187
"ibo 1078 Janl3 16% Aprl8
•14% 15 k •14% 15 k *14% 15%
15k 15% *14 a4 15 k *14 34 15 k i'runsw. Dock &C. Imp'
•57
*57
300
69
59
Buttenck
56 J'lyl- 60 k Jan 18
•57
69
55
59
Co
57
57
57
57
4434 46k
20,354 40 Sep 11 47 Jlyli
45 k / 'entral Leather
44
44k 44 k 443,
\\
45% 46k 45k 45 k 45
l
3
11,000 xl03 Sep 16 H'5% Augl
104% 104% l04 4 104 4 104 k 105
104 104
104% 104
104% 104 k V ' Do pref
77,650 38 May22 59 Mar24
45% 46% 46 k 47 k 46 k 46% 46
47
45% 47k 46% 48% Colorado Fuel & Iron
-85
•86
100 80 Augl7 105 Mar2l
95
93
93
Do
pret
93
85
•85
95
•85
93
93
15 k 15%
3,100 1134 May24 18 k Jan 30
16 k 15k •15 k 153,
16 k 16», §15% 15k Col. & Hock. Coal & Iron.
15 k 16%
6,500 180 k Sep 23 214 Mar
187% 190% 188%189
184 k 187
187 189
185 k 186 Consolidated Gas (N. Y.).
188 189
834 J'ne 8 2234 Feb
12% 13k
12,025
12% 12k 12 k 123.
13
13% 12% 13% 12% 13 Corn Products
61
53
40 Aug 9 79 Jan lo
51
3,960
54 k
Do
pref
60% 60?,
54
5334 64k
63
63% 54
43
42 k 42»<
44k 43% 44
44 k 44 78
44 % 44 k Distillers Security's Corp. 20.367 «3478 Jan 25 47 k Apr
44
45 k
100 76 May23 89 k Feb 27
•83% 85
84% 84 k "85
86%
lUectnc Storage Battery.
85
85 K *83 a4 84
112
112
112
3.950 60 Jan 11 128 Apr
113% i'lSk 121% 119 121
111 111
115 k 120 Federal Mining & Smelt'g
1„
96%
13,402
75 Jan 5 107% Apr
93%
97
93%
Do
96k
pret
983,,
93k
97%
97 k 99
97% 98
1,200 169 May2u 192
Mai 16
181k 181k 182 182% 181%181%
181% 181 k 180 180k General Electric
33,710 18k J'nel6 25kMarll
23% 22% 23% 22% 22=8 22k 23 international Paper
21% 23% 22 k 23 *2
k
7934
7934
78
79%
79
Do pref
2,000 76 k Feb
82% Apr 6
k 78% 79% 80 k •79
80
•79 k 80
*65
•55
•65
63
63
57 Sep 28 100 Feb
63
55 63 International Power
•55
*55 ....
63
3i% 31?,
31% 32 k 32% 32 7,
ijibo 10 Jan 16 34% J'ly 20
31% 31",
32% Knickerbocker Ice( Chic)
31%
32k
32%
•63
60 Jan a 76 Apr 6
74
Do pref
55 k 55 k
52 Augl6 66% Apr 3
2',i'5^
65% 65% 55% 56
•55
65»,
National Biscuit
56
56
55
55
11334 11334 •113 114
110
Aug it' 120% Marl5
Do
pref
450
•113
114
113 113%
114 114
•15
16 k
15
15k •14 k 15k 15
Nat Enameling&Stamp'g
1.000 11 Aug 12 31k Apr 5
15
15
15% 15
•14k
•84
*84
88
•64
88
88
80 Aug 12 94 Apr 19
Do pref
-84
•84 k 87 k '84% 87k
88
47
47 k
47
47 k
46% 48
4VJ50 24k Jan 24 51 34 Apr 7
47 34 49%
48
48% 47k 4S National Lead
103 k 107 103% 105k $105%1053
111% Feb2o
{1053, 105
Do
pref
325
97% Jan
104
104 105k
103%
4
15l%152k 15234 15234 145 152
2,650 140 Maj22 10l%Aprl5
152 1547, 152k 163% 152% 153% New York Air Brake...
99
99
98% 98% 98
2,0oo 96% Sep
107 Apr 17
99
98
98 North Amerioan Co., new
98
98k 97
46
45
45
45 a4
45 k
45
1,900 33 May 2 2 49 k Jan 4
45k 46
45k 45k 45% 45 k Pacific Mail
1043
104
104
104
97%Mtiyl5
115 k Apr 3
8
104%
eop.
Gas-L.&
103
3,850
10378 103%
C. (Chic.)
103k
104 104
k 104
I534 1534
15 k 15 k
15k 15k •15
600 I2%.riyl9 21 .Muy 15
-15
16
10
15%
15 k Pittsburgh Coal Co
3
69% 59 4 •59
•59
60
59k
Do pref
*58
500 45 k J'ly 26 80% May i.i
69
59k •58
59k •58
45% 46% 45k 46% 45 k 45 k 45% 45% Pressed Steel Car
45% 40k 45% 46
14,100 33 ^ Jan 31 47% AuglS
96
96
96% 96k 96k 97% •96
96
87 Feb 16 99 k Apr 14
96k
Do
pref
2,525
96%
97
97
25534 257 k 255 257
253 256
255 256
255 255
4,490 230 May 31 25S Augl4
250% 252 Pullman Company
457
45% 46%
45% 48
8 46k
45% 46% 45% 46% 45 8 47k 1 )ailway Steel Spring... 34,460 30 May 2 2 48 Sep 30
103 103
102 k 102 k '102 105
lOH k 165
102 105 •102 105 IVDo pref
1,000 93 Jan 25 105 Sep 31
2334 24%
24 k 24%
24 k 2434
24% 25
24% 253e 25 k 25% Bepublic Iron & Steel ... 47,830 15 Jan 23 2534 Oct 6
3
3
Do pref
91k 9« 4 9 2 4 9334 93% 94
93% 95
93 k 95%
19,345 67 Jan 10 95 % Sep 1
91
95 k
38% 38 ?, 37
37% 39
39
38
39
38% •37
1,000 24 Marl4 39 Sep 30
37% 37% Rubber Goods Mfg
•104 106 •104 106 *104 104k 105 105 •104 106 104 106
Do pref
600 94 Jan 25 109kApr 1
69 k 72
70% 71% 71
60 Jan 25 118 k Feb 24
68% 69
Oloss-Shelfield
72 a4
St.
71 k 72%
&
Iron
17,933
71% 72k
'106 115
•104 105
1U5 115
•105 125
Do pref
110 110 106 112
100 100 Jan 13 130 Feb 23
3 Jan 28
•1
*lk 1\
*lk ik
1-4
3 Jan 3
1% 1%
1% IK
4
1% 1% Standard Rope <fe Twine.. 4,200
•87% 87 V
87% 89 K
88 k 89
88
89% 87 k 88% 87 k 88 Tenn. CoaL Iron & RR... 23,410 68 Jan 25 106 k Apr 4
48
4-7
48
•47 k 48k
3
7
J
an
3
•47 Uj 48 k •47
48k •47% 48
Texas
Pacific
Land
100
eSep i_i
Trust
k
48
1034 11
11% 12% 12% 133,
14 '4 Union Bag & Paper.
8% J'ne 6 15 k Apr 3
13% 14 k 13% 14
21,500
13%
79
80
80 k
79
80% 80 k 80 80% •79 k 80
Ian 10 82 Apr 4
Do pref
79 k
1,150 68
79
31% 33
30% 313,
33k 37
37
39 k
38% U. S. Cast 1. Pipe & Foun. 97,600 1978 Jan 3 39 k Oct 4
37k 38 k 37
94
95
9lk 91% 91% 94
79
Jan
3 97% Apr 17
pref
Do
94% 96%
95%
6,000
k
94%
95
96
123 123
•122% 125
123 125
United States Express...
123 123
400 §120 Jan 9 134 Fob 8
122 k 122 k 120 125
87
86k
87
87
*86k 87
87
87
600 77 Jan 4 98k Mario
87
86 U S Realty <fe Improve'ut
86
28k 28k 28% 28k 29
«28k 29k
29
29% 30
700 18 Feb 2? 40 k Apr 18
29 k 29 k U S Reduction <fe Refln'g
65 k •65
65
65% 66
68
pref
66
Do
65 78 66
•65
1,100 35 Jan 13 73 k Aug 17
65%
65 '4
56
67
65 k 56 k
55 34 66
54% 56
29,950 33 a4 Jan 3 58 k Sep 18
64k 56% 52% 54% United States Rubber
111% 1113., lllkUlk lllkUlk 112 112
Do pref
1,230 98% Jan 6 118 k Apr "
111k 112
111%111%
38% 38% 38% 39
37 % 38 k
39
3878
38
37 8 38 k United States Steel
280,241 2478 May22 39 Oct
38k
105% 105 k 105 IO534 105% 105 78 104%105»e 104 k 105 k
104 k 105
Do pref
93,085 90 34 May22 105 7e Oct 4
33% 34
32% 33
33 % 34 k
39 Jan 3
4,6 -U 28 34 Sep 1
33 k 34%
Virginia-Carolina Chem..
33
33
33
33
•104 107
1U634 10634 106 107
3
107 107 k 106 10u 4 106kl0tJ34
908 103 k May 1 110 Feb2o
Do pref
•
42
39 k 42
*39k 42
36
J'ue
5
•40
•393
42
100
52%Feb24
40% 40 k
Virginia Iron Coal &
4 42
•230 260
235 250
235 250 230 247
235 Jan 3 260 Feb21
'235 247
235 250
Wells, Fargo <& Co
9334 93% 493% 937p
93k 93<* 93 k 93% 93% 933,
est'n Union Tele'gph
2,080 92 Jan 17 95 k J'ne lit
93 34 9334
170 170
169% 169 k 168% 169% 167 169 •167 170
West'gh'seEl&Mlgassen
400 152 May20 184 Apr 6
•194M195
•194
194 k
190
Feb 23 97 April
Do lstnref
•194k .. -. •194% ...
'1
,
Highest
I
Uiscell
Express
lli.s-01ialiiu.Ts
*9H%100
100
232
67e
7
33 k
Lowest
Apr?.' 134% KebK 115 Mai 134 Oct
22 k Jan 13 37 k Apr 12
17 k J'ne 27 k Oct
<:i',A pr
21 "3 May S8
84%
Nov
\ pr 1
51 'i Jan lb
l
32
57 k Not
106 Jan o lJ-'k Apr 4
87 k Fell ,.107114 OctJ153% Muy!7 I60 J'ne'26 158 Aul' {165 Not
LIS Jan 6 L38%Ang24
71
Mai 17 Not
Oct 2 101% Ke021 z8ok Feb 93 Deo
7'.i
1
Jan
Sep
14
21%
'4
Feb 25 D'C
64 k-'an Hi 9
Oct
4Jk Api 69 Deo
-o
j'ly "
J'ne23
2 1k Sep 18
17% ay
15
May 26 Nov
37 May23 48
3 2 4 Feb 48k Nov
Muy 1 19% Marl3 14 k J'ly 223,, Not
15
36 May 4 48 Feb
37 J'ly 52% Jan
20 May 4 28% Maris 21 k J'ne 32 Not
20 Apr^'.l 33kAug2)
16 J'ne 25 Not
02 34 Aug22 37 J'nt 49% Not
45 Jan 1
60',
Do pref
209,53£ 70 Jan 25
84% 85 k Amalgamated Copper
300 20 Jan 24
•23
24 k Amor Agncult Chemical
Do prel
89 k Feb 3
•87
22
37% 38 American Car <fc Foundry 21,600 31 May 2"
Do pret
1,200 z91%Jan
96% 100
85=
tor J^reoioi I
Year(luu4.)
-'
200
W'almsll
2:f-\
8
17k
Uange
1
700
97
771,
91'<
'
400
United Kysof StLou. pre
4334
18
(N. Y.)..
10,380
133'.
Year 1906
1.4
•57 ?
Do pref. vol. ir. 01 is.
k
1177. J'wiu (jity Rapid Transit
117
•98
lor
ol lOU-share lot*
tel
1,000
k 82 k
•17k
11
Range
m hasis
Hharet
oledo Railwayed Light
Vol si. L. & '.v. v. 11
132%
96k 96k
77 k 77'
•81
the
5s
lis
fVOL. LXIil
2
SaUtol
8
EXCHA
«.
25
59 k
i)
34% 34%
87% 37
26
k 25 k •25
30 k 30%
30 k 30
•58
69 k •55k 09 k
26
NEW roBK
Do
133 k 13434
•95
97
77 k 77k
91k
-I
119-'.
STOCKS
t
Oct 6
57k <',
57 U
118%
82
26
•65
Oct 5
88
'.'13,
42 k
I/mrwav
Oct 4
85
i.33%i'34%
H8k 98
77 k 77 «
k
Wednesday
12i;kl28k
128
*84% 86k
38k :<-'
•57k 59
118 119%
•81
23
SALh PRICES
:
18% 18k
:
AM'
17 J4
•40
•25
S16% 18%
4!% 41%
1
30k *30k
-68% 59 k "59
•240
Record— Concluded— Page
Stock
Ma>
25
3 78
Aug
Feb
45
6%May
Mai «l%Deo
Feb J128 Not
J'ly 84 k Not
40
100
43
36% Nov 40 k Deo
10
« Feb
41
8%
34 k Deo
Jan 100 Deo
33
May
k Deo
51k May 95% Deo
2234 J'ue 44 k Deo
97% Apr 16 Not
18 k Sep
44 Not
{200 J'ue 150 Aug
5 May 94 k Deo
153 Ma\ 185 Deo
180 Aug 198 k Not
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
IJnii ks
Bid Ask
Onion Exchl 222% 227 k
United
.'
85
VsExcha'eV 125
90
150
Wash.H'htsl" 210
West Side!.. 575
Yorkvillel, .. 400
First
*
1
385
140
Bid
Home BankTI
Mauutactrs
Mechanics^
Nassau
Nat City....
North Sideli
BHOOKX.YN
BoroughT]
130
Broadwayl... 300
BrooklyuV .. 130
Banks
Ask
Trust Cos.
Ask
Bid
BHOOKLYN
.
Trust Co's
Ave Tr
Guaranty Tr
Guardian Tr
Bid
Law T I &Ti
t8S0%
ASk
575
640 'i60
220 227
Kuick'rb'k'r 1050
Fifth
125
365
260
CITY
Bankers' Tr. 510
N. Y.
400
305
300
People'sll
290
ProsppctPkT 140
Kidgewoodll. 140
17th Wardl, 155
UnionH
195
Wallabontu
160
310
Bowl'gGreen 215
BroadwayTr. 165
Central Tr'st 2200
Colonial
400
Commonw'th
150
165
170
530
219
175
2250
415
95
475
Mercantile .. .....
Metropolitan 625
MortonTrust 920
Mut. Alliance 210
242 k
Equitable Tr
far ui Lo & Tr U4&1
Bid ana asueo prices; no sales on this day. { Less than 100 shares.
Sale at Stock Exchange or at auction this week.
Ex stock dividend,
..
Ex
s
rignts.
b
New
stoon.
Trust Co. certidcates.
Bid
tuoi
72u
325
390
t071
760
1450
510
1400
295
425
248
NewYork Tr
Real Est Tr't
StandardTr't
Titleliu<fcTr
Tr Co
Lincoln Tr... 57o
Manhattan
Trust Co's
N Y Life&Tr
of
Am.
u nion Trust
500
950
USMtg&Tr
Unit States
950
225
.
Van N'denTr
Washington.
ASk
Trust Co's
Bid
Ask
BKOOKLVN
730
Brooklyn Tr 420
140
Fktibush
200
Frankliu
340
Ha-nilton
335
Citizens'
410
770
1500
Home
Jenkins
Kings Co
3l)5
450
J55
435
145
375
165
180
450
L IsT L&Tr. 1309
Nassau
260 270
People's
330
Williamsb'sr. 230
c
Ex dividend and
T|
Banks marked with a paragraph
345
240
rights.
CD)
are State banka
—
L
NJ
1
New York
'
—
:
Exchange— Bond
Stock
BONDS
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kl9is
bonds..
V S 8s reg small
I a Ss con sniiil bonds. .&191S
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oodboI regi8tered.<H98i
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registered
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94
04
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1924
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North Carolina consul 48.1910
191V
Ba
1983
Bo Carolina 4 H»s 20-40
Teuu new settlement 3s..l'Jl:
Small
Virginia ruuil debt 2 3s...iyyi
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15
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1
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N
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Charles <fc Sav 1st g 7s.. 1930
Sav k' 6n
1st gold 6s. .193-1
1st gold os
iy34
Ala Mid 1st gu irolii 5s 192s
Bruns it
1st gu g 4s 103s
Sil sp Oca <fe G gu g 4s 191s
Atlantic it Dauv 6ee South Rj
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1st relund conv g 4s
fl 8 Ss
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1951
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108
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fc-lec
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Chic Bock lsi & Pac 6s. ..1917
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1917
General gold 4s
1988
Begistered
1988
Refunding g 4s
1934
CoB trust Series D 4s. ..1906
114s
1910
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1915
N 4s
1916
4s
1917
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106
101
67
884
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95
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104Sslo7
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127 78 130
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12134 Aug'05
123 May'05
131
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05
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105
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123 123
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103
115
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Paul City Call COU g 5s. 1037
LndortTound Eleo Rya of L011
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United itys st 1, 1st r .is L934
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105 34
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119 1. Nov04
142 S Eeb'02
131 Sj Jan '05
105
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3o
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116 34
liisii'u'si
iVI-N
105
108 Ss
115 Hi
II2H3
116Ss
!26 l4
Apr '05
117 119*8
115Hj115Hj
1
lo5Si
121 78
121'8
185
115 1153s
106*a 106«8
108Sj UlSi
'05
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105
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j-j
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....
....
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105 7b 105 Sep '05
105
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11538 May'05
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105 34 J'ly '05
102°8 May'04
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118 J'ue'05
117 Feb '05
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an '05
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'05
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106
137
134
112
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'05
109 34 110
IO8H1
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Mil Kl Ry it Ej 30-yr g 5s. 1926 F-A
.Minn Bt Ky 1st con ^' 5s.. 101
J-J
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8
108
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l
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1 07 Sj Sep '06
14 Aug'05
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76 Si Sep '04
93 Sj
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102 Si Sep '05
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120 34 Sep '05
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I
106
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112 Sep 05 .... 108*4
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1913 ,U-S
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90
104 B'eti'04
1 0«8 Sep '05
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ll.'iSi
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94
119
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84
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111
05 '4
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94
88 '4 110
112W,
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109
5s. 1941
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1940
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1040
ku x 4s
S;
J'ne*04
101
I
Il:>-'sl20
J
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direct
1945
2002
tered 4s
200*
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126
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l
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104 34 loy
105 3 106
103S3
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106 Apr'u5
Sale
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1916
1924
1910
1910
1908
1919
1910
1910
1000
1886-1926
Registered
1886-1926
General gold 3Sjs
1987
Registered
p 1987
Sinking luud 6s. ..1879-1920
Registered
1879-1929
Sinking lund os... 1879-1929
Registered
1879-1920
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Siuking luud deb 5s
1933
Registered
1933
Des Mo it Minn 1st 7s.. 1907
Nortli Illinois 1st 5s
1910
olt C
<t st Paul 1st 5s 1909
Winona it St Pet 2d 7s. .1907
M 11 L s it West 1 st g 6s 192
Ext io Imp stund g 5s 1020
Ashland Div 1st g 6s. .1025
.Mich Div lstg6s
1924
Convertible deb 5s
1907
97-^
94Sj
124
1J4
103 H< 103
101
'1
u
.VI. N
\
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Wis* Minn Divg5s. ...1921
MB & No 1st M L 6s.. ..1910
1913
1st cousol 6s
Chic& North w cons 7s
1915
103 Apr'97
124 Ang'OG
126 Si Aug'o5
99 34 100
\.-o
J
life D Exten lst7s
LaCrosse & D 1st 5s
Miueral Point Div 5s
So Minn Div 1st 6s
Southwest Div 1st 6s
100 34 103 34
I
124^
m-s
1921
it
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1
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99 Si
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.
123
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105 H
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103 105
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98 Si 101
93
93 Si 5o 91
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92
90
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1922 F-A
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1940 J-J
1949 J-J
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1949 J-J
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Iowa Div sink fund 5s.
Sin king fund 4s
1919 A-O
Nebraska Extension 4s. 1027 VIBegistered
1927 Vl-ls
95
97
Southwestern Div 4s
192 Vl-S
Joint bonds bee Great Nortli
\)8\ "yf>v
1913 VI- N
Deoeuture 5s
10
1S'8
Han <is st .los cousol 6s.. 1911 vl-S
Chicifc K IB lsts t cur 63.1907 J-D
1934 A-O
1st cousol g 6s
193" .VI -N
General cousol 1st 5s
Registered
193 VI IM
Chic & Ind C By 1st 5s. 1930 J-J
Chicago & Erie See Erie
Chic In<fc Louisv ret' 6S...1947 J-J
1947 J-J
Refunding goldos
96S2101
Louisv N A & Ch 1st 6s. 1910 J-J
108 101 34 106
Chicago Milwaukee <fe St P
1914
Terminal gold 5s
"1*5 100Sj104\,
100 106>4
General g 4s series A..cl989
1,
04=8 99^4
Registered
el989
General g 3 Sjs series B.el989
93Si 97^
94
1921 J
98
Chic &, L Su Div g5s
99 68 99°,.
Chic ife Mo Biv Div 5s. ..1926 J
yssiioiSi
102
96 14
97
115 34 Sale
lyt/,
Chatt Div par man g is: 1951
Mat it -Nor Div 1st g 58.1940
illd Ga<fc AU Div 5s
1047
Moblie DlV lstg 5s
1940
Coin,
'ii-i'.,
114SiOct '04
93 J'ly'01
97 34 Oct '04
U-N
H-H
194.
1st pret income g os
2d net income g 5s
3d pret income g 5s
Bife
•
94
.
172
13178 Sep'05
112 s 8 J an '04
116SJ..
90 >a..
os j4 ..
J-J
1908 J-J
1913 vi- a
191! via
tooiith 1st 5a
Cousol gold os
Ueglatered
I'.
ID
I
IOISs J'ly'O
102 Sale
144
1*9 «8..
'•*
B
gaar
iiks
1
Extension 4s
CedKIai'ifcN Aee li C R d; N
Cen branch L' P 1st g4s...l94.^ J-D
Ceu Branch By bee Mo Pac
Cent ol Ga Kli 1st g 5s..plb4:" F-A
1
110
L09
99 Si Jan '05
98SiNov*04
97 Oct '04
100
L920
I
r 5a
Coal 5s..
i
99 58 J'ne'o5
Ke^utered
Carb 6c Shawn bee 111 Cent
Carolina Cent ieeSeabAirL
Carthage <fe Ad bee N Y C it 1:
M
105 ».
1
1 it 1'
'20 5s
Ceu
L04
gu
--11
I
a Long in— in g4a '.'.ill
i'iit Paoitlo
See Bo Paoltlo C<
•lias.V sav brr All I'o.isl Line
ihea A Ohio r Os aei a../
«19]
Gold Oa
1939
lsi eonaol g 5s
Registered
L989
1992
General gold 4Sjs
Registered
1992
1940
Craig Valley 1st g 5a
\
I
Brui.s<t West bee Att Coast
Buiiaio £1 V <t Lrie bee Brie
Buttaio K & P gen g 5s...ly37
All it West lstg 4sgu..l9.<CI it Mali 1st ku n 5s
104;.
Roch & Pitts 1st g 6a... 1921
Cousol 1st g Os
192il
Butlalo ds Southwest bee Lru
Bun it Susq 1st ret n 48.<il951
Bt.r C
T
99S2X ov'04
a
,vi
/tl925 y-J
ftl948 A-O
/il04s y-J
Div 1st e 3 -381925 .vl-N
South w Div 1st g3Sis...l925
Kegisiered
11925
Mouou Kiv 1st iiu g 5s. .1019
Ceu Ohio K 1st Ogl His.. 1931
Pitts Clev,fcTol IstgOs 1922
Pitts it West lstg 4s. ..1917
Bat Creek it a bee Mich Cent
Beech Creek bee N V C & il
Bellev <fc Car bee Illinois Cent
BkiyL
97 "sale
98
98
FA
FA
Kegislered
Gold 4s
Registered
P J un it M
sale
u
,'\
ni|>
k gen
,t
iiui\
on
i
ib'eeSou i'acitu
\V
T i.i.l it Ohio prior lg3Hjs.l'J25
JD
'
103i«
1 U3 S2 Sep '05
105 l4 105"
09
99 Si
95 Sep '05
97
98
9y s8 May'05
JL1995 .So\
Stamped
11990 M-N
Debentures 4s Series E.1907 FA
Series k'
1908 FA
Series G
190: F-A
Series H
lylO FA
Ail Knox
99^
.Nov
Sep '05
99
102»8
103
Conv g 4s (subscnps). .11155 J-D
Series
Series
99>-j
Dork
,v.
l.eii .t
7
-\
1
Alabama Ceul bee So By
la ba Mnb bee At Coast Line
AlUiu.Vitbu.Mi 6«UelilsHu
Allegheny Valley bee Peuu Kl:
AUcl: it \\ est bee BuB K it 1
/il99."
Ann Arbor 1st g 4s
i.i-
J
6.
Kan as
S3
Range or
October
ft
Am
L04 J
<•
9
(H
art; p» ice*
J.J
1921
1
91
1901 J-J
lOOti J-J
loin J-J
C 4a
Class
i'b
91
105-\i Silk
105V
ltll'j 100*3
Suite Sec n lilies
Alabama class A
(.'lass Bos
102
102
99 U
Salt
yy-V Bale
Hi
Sale
91 Bale
-i
'
104 h
,7'iu '11..
!34-« 134-v
Uil'„ 134
134 >s Sep
J
ioy « no-'i 109 J'ne'Oo
(.'111111011
N
Week's
m; k
gen'lgold 5b. 1987
L987
Registered
'-.
oi eijni
I
(
•tut or
104
a
KNDfNO OOTOl
Higl
IjOib
in;!Vji04
io:i^
1 OS V
mil... J'lll il
103 «s 104
lU3>a ion. LU4>s J'ly'o..
101 Kj 105 < 111 I '4 Sep '06
107 j'ue'OV
..
HI IS. Dec v
10S
ioi»4 iii;>-', 104 j'ne'Oo
/VIC*
BTOCK kxcii
1
1
i-
1925 iJ-F
Philippine islands 4s. 1914-34 i-F
l
January
JV<y/l
Jl-ow
BONDH
\. v.
Hinee
l
i
,'
»1907 Q-J
192f U-F
oonpon
S 4a
i
or
Sol<
>!</<•
/.n.v(
Gofernmeni
"*.
.
l
A'a
Octobsr 8.
1
'
.
PAGES
l£
K d line
HVct'j
fYice
STOCK i:\ril v.\.: v
Wkkk Bio>ure OCTCHIKll 6
N. Y.
'
Weekly and Yearly
Record, Friday
OCCUPYING lOl
N
1
duo
.,
ly
*;
9o U Sale
Sep'OC
90 '4
i»0
116 34 J'ly'o.,
120 J 'lv 'o5
v 4j
117*8 118H 1 18 Hi
1
95
95 Sale
95
117Hill8 II8I4 A), '05
;il ij si p '05
104
Dm Oct ".''
106 Sj Not'O
108 "a
LOO
J'ly '"I
110
118
21
117»4
118
Si
1
'-i
1
-
'-.
8
120*8
04Sj
110 Hi
3
18°s 2 4
120 Hi
17
125
1
14
00
07
81
1
1
6
Si
«
llHSi
90
06
97
MOV,
•
1
1
1
1
9S«8
,
'
99
43
lo'lS H'O 1*
106-H J'iy'06
A
A O
s:ii 4
J-J
87
L2M
89*4
M-N
Duo Aug oDue Oct
-,'•4 s, p
•I.I
11.
'.'2>«
sy*8
I
p Duo Nov
jiipuon sale
Bond Record— Continued— Page
080
1
BONDS
STOCK EXCHANGE
Wkkk Kmiinii OCTOBER 6
N. Y.
&
Ohio St L
Ohio St P
M-N
Coupon otl
Clncfc West Ind Ken g6s 01982
Chic <fc W Mich .See Pure M ur<|
Choc O & Gulf .see C R I <fe P
<i-M
H&D
Cln
i
J-D
J
J
D
J.J
2d
J.J
W-N
D
W
O
M-N
& W
J.J
01SlL<fcC aeeCCC&sti
&
Oln S
C
See
CCC
8t
L Uiv lstool
lr
J.J
J-J
M-N
Registered
199K
Spr & Col Ulv 1st g 4s.. 194H
Val Ulv let g 48.. .1940
O I St L & C conaol 6s. .192(1
let gold 4s
£1930
Registered
£1930
inn S & CI con 1st g 6s. .1928
C C C <fc I cousol 7s
1914
Cousol sink fund 7s
1914
General cousol gold 6s 1934
Registered
1934
Ind Bl &
1st pret 48.1940
MS
WW
J-J
M-N
li-F
ft
J-D
J-D
J-J
J-J
.
W
O Ind & W let pf 6s...ttl938
A-0
4s. ..1940
A-O
Q-J
1990 Apr
& Wh con 1st g 68.1933
& Marietta See Penn UK
Clev& Mahon Val g 5a... 1938
Clev & Pitts 6'ee Penn Co
A-O
CI Lor
Clev
J-J
Col Midland 1st g 4s
1947 J-J
Colorado <fc Sou 1st g4a... 1929, FA
& Greenv
& Hock Val
Oolum
Col
See So
.See
Pas Hivs 1st g
cto
i:(6 7s A|ii '06
'.
Bale
W
48.194:.'
<S>
113
110
103
117
95
Oct.
•()()
liaHj 11738 Sep
'06
guar 7s
Reeistered
1st ret gu g 3 4s
W
103Vj 104
iooi4 .i'iy'<>5
ioo 34 Sep'o5
103 Sep '06
100 Oct '04
100>4
100
103
>-i
98 \
101
106 w>,
102 *a.
134
1004103
10141024
134 4 Sep '05
131 34 135
120
1164 Jan
.
744
98
934
714 84
11641164
'00
73
77
904 964
1923 F-A
1917
& R Gr 1 st con g 4s. 1 936
1004
128 J4 133
112»b
104 3,
J-J
1014101
4sA.1949 A-O
135 \
101-'h
J-D
J-D
M-S
A-O
1937 A-O
2d 6s
1916
DuJ Short Line lstgu 5s— 1916
Dui So Shore & Atl g 6S..1937
J^astot Miliu fc'ee St P
<fc M
JLaat Ten Va <b Ga <S'ee So Ry
Elgin Jol & East 1st g 5s.l941
M
Cort <fc X o See Leh & X Y
Erie 1st ext gold 4s
1947
2d ext gold 6s
1919
8d ext gold 4 4s
1923
4th ext gold 6s
1920
6th ext gold 4s
1928
1st consol gold 7 s
1920
1st consol g tuud 7s
1920
Erie 1st con g 4s prior.. 1996
Registered
1996
let consol gen lien g 4a. .1996
Sep
:'
4
10634
9978 Sale
90
01 14.
'05
101^ 101
106 4 Sep '05
110 Sep '0.
99 's
99 a4
90
90
Jan'u
t»7
8
110
.
97
93 4 94
114 ...
si.»« Mar'05
93 34 Sep '05
115 J'ly'05
101
4
M-S
...
...
...
...
90
...
114
964
116
J-J
113 34
116
M-N
1204.
120 34 Sep*05
U7412034
M-N
M-S
M-S
A-O
1084
1124
108 3 i J'ly'05
113 34 J'ly '04
109
109
107
J'ue'05
1114116
1
W
W
78
174
172
Detroit City
103
1014
104
106
Sep
112
61 4
91
107 34
109 4
100
Nov'03
Oct '01
Sep 'OS
Deo '00
Gasg5s
1923 J-J
Det Gas Co con 1st g 5s... 19 18 F-A
El
Bku
Ed ill
See K Co E L & P
See X Y G & E L H & P
Y 1st con g 6s. .1932 M-S
Gas& Eleo Berg Co c g 58.1949 J -I)
Gen Electric deb g 34s.. 1942 F A
Gr RapG LCo 1st g 5s.. .1915 F-A
sale
Sale
774
115
90 4.
Kan City ^Mo) Gas lstg 5s 1922
Kings Co El L
P g 5s. ..1937
M N
A-O
A O
107
19!)?
A-O
1214124
1st a 5s.. 1949
<fc
Purchase money 6s
Ed
Kl
•Xo
11
Bkn
1st
con
e
4s 1939 J-J
price Friday; latest bid
Ill
97
1144
96
and asked
..
..
86
92
101%
111
bale
101%
102% 189
101
101
103 4 Sep '05
102
105%
1124
111 4 Sep '05
105 4 J'ly '04
103 J'ue'05
109
112
99
1034 102% Sep
iSS" ibT"
lo24102 78
'u6
109% 109 78
113 4Mar'Oo
102 Sep '05
94 Mar'03
10941104
4 May'05
10141014
101
102
107% Aug'o5
.
Oct
102
.
1064.
105
944
95
107 4
81 Sale
82%
10441064
103 1064
106 4 J'ly '06
1064 Mar'03
944 Sep '05
123 May '99
81
81
Sep
85
108
'01
1064 Aug'05
103 34
103
'04
Oct
70
944 90
81
84
'06
96
95
86
85
96 Mar'05
101 4 Oct '99
924
100 Nov'OO
1054
109 4 May'05
1224
122 J'ly'05
1034 90 Xov'98
124% 126 4 124 J'ne'05
123
119 34 Mar'04
109 41094
122 122
1074 1104 Jan '05
11041104
94%
103
954 90
128% 126*"
93%May'04
Xov'o4
103
W
1034
984102
99
10
102
106 4
103
Div&term g 3a. 1951
10241054
102 4 May'05
109%....
1094....
100 ....
120 ....
109%Sep'()5
1094109 4
107 4 Dec '02
9:> 34
99% 100 4
119 122 4
100 1034
70 % 82
J'ly'05
20 4 Aug'05
100 J4
*> Sep '05
ll3 34 Sep '05
87 Aug'u
100% 1014 100 34
78
82
1144....
83
8u
M
W
1124116
86
88
70
75%
.
Leh
&N Y
944
pf6a
1164...
Ill
1124
1104112%
1084108%
.
101 34
.
1184
.
!
:
*.
>s
112'.
108 4 Aug'05
Unified gold 4a
Debenture gold 5a
1204123%
Guar
102 34 105
Bklyncfc
1st 58
iie" iYo"
117
117
1144
H6
101 104
10634 111
1174H74
10841104
109% 109T8
113 34 114
X
Y
XY
ref gold 4s
.
103 w,
105
99%
/i.1931
1938
1922
1932
1949
1934
1949
1911
19',
R B 1st g 5s
XorShB lstcou ggu5sol932
Ark
1st
Louisiana &
g 5s. 192
Douisv & Xashv gen g 68.1930
<fe
Xash lstg
1024 Sep '05
99 4 Oct '04
102%Aug'00
.
110
101
104 4.
102
.
105% Mar'03
111%.
1104.
1114.
lll%Mav'05
112% J'ly 05
Sale
98 Sale
114 34
Q-F 1084109
A O *102%
M-N
93 4
J-D 1104
r-A
M-S
J-J
924 Sale
103 4 Sale
1164
NY&QE1 L<fcPlstcoug5sl930 F-A 102^4
N Y & Rich Gas 1st e 5s. 1921 M-N *100
Pat & Pas ij & E con g 5s. 1949 M-S 1034
ib'l" 103 34
'05
lll%lll- a
!
4112 4
1044107
112
1214
122
119
119
117
104%
102 4106
105
4
4
4
1014J'ne'04
118 4 Sep '05 194 114%118<4
98
98 s. 26 974100%
114 >, J'ne'05 .... 1144117
1054 May'05
93 4 Sep
!lo
91%
106
103
Con G CooiCh 1st gug 5s. '36 J-D
Mu Fuel Gas 1st gu g 5s. 1947 M-N
1064103
109
104
Due May ADue.lly
k,
"05
U04
107
8l!
107% 110
105 4106 4
9:;%
92
1084U14
97 34
924 50 91
1 10341094
118411^4
May'05
May'05
l054Moy'0o
10941094
106
1
...
1034 103%
119 4 Apr '05
124
109
110
Syracuse Lighting 1st g 5s. '51 J-D
Trenton tt <fc El 1st g 5s. .1949 M-S
Westchester Light's g 5s. 1950 J-D
10 3
108
122%
106 4107
e
Sep
on Next Pa«e.
<ias niul Electric Light
Lac Gas Lot St L 1st g 5s.el919
193-1
Ref and ext 1st g5s
Milwaukee Gas L 1st 4s.. 1927
N Y G E L H <fc P g 5s... 1948
Purchase money g 4s. ..1949
Ed El 111 1st conv g 5s. .1910
1995
1st cousol gold 5s
Due Feb d Due Apr
4
100 4 103
llS-' 4 Mio'O:.
Peo Gas <fe C 1st con g 6s. 1943 A-O
1947 M-S
Refunding cold 5s
ChG-L<fc(Jkelstgug5s 1937 J-J
94 4 94 4
102 4105
Aug'05
121%
894 924
100
117%
10078 102
Mar'o
04 4 107
118
6s. ...1919
34
112
4
1064
116
J'ne'04
1014.
119 3
1937
1940
Unified gold 4s
Registered
1940
1931
Coll trust gold 5a
5-20-yr col tr deed g 48.1923
<fc
103
98
1214
Gold 5s
EH
101 4 J'ly '05
100 J<
B&M B 1st con g 5s 1935
Aug'05
.
1014.
il'6'
Mont lstg 6s. .1911
BON US—Continued
118
80
189
115 115
97 4 99
.S'ee
;»8°*
13441364
1174119%
1
& Hud R 6'ee Cent o£ X J
& Wilkes b
Cent ot X J
Leroy & Cauey Val .See Mo P
Leh
Leh
1st consol gold 4s
12234 127
b
1st
Gold guar 5s
General gold 4s
Ferry gold 44s
Gold 4s
110
105
.00
'05
4Sep 05
1174120
112% 116%
117 4120
118
115
1
lat guar g 4s. .194-5
95
95 34 1144
1264 1264
994
May'05
E1C&N
51
'oi
116
105
Feb '05
Oct
115 3
1184 Sep '05
10^4.
Registered
194t
Lehigh Val (Pa) cons g 48.2003
Leh V Ter Ry 1st gu g 6s. 1941
Registered
1941
Leh V Coal Co 1st gu g 58.1933
72%
72
63
115 4.
91
66
'05
118 34
115%....
Eriecfc
lstg 5s. .1937
2d gold 5s
1941
North Ohio 1st gug 5s.. 1945
L Sho & Mich S See N Y Cent
Leh Val N Y 1st gu g 4 4s. 1940
Lake
100
168
103
72 4 Sale
1034 Long Dock see Erie
10141014 Long Isl'd — 1st con g 5s./i.l9Sl
132% 137
80
aDueJan
974.
1064 Nov'04
1014 103
113
944Apr'05
this week.
118
1084115
'05
104
103 4.
10741104
11341174
1744
124 4 Sep
114
113 s
Sep
92
1945
1914
1914
108 34
Ed E HI
EqGLX
1134
92
1204 124 4
1064H2
Mar'OS
105
90
113% 115
974
iHlSCKLliAtSEOHj!*
114%
14
104
1134114
Low High
High.
122
Sev '08
Apr 05
Oct '04
19 4 May'05
09 4 Oct '99
115 J'ne'15
97 4 Sep '0.
(ia» und Electric Light
Atlanta G L Co lstg 5s. ..1947 J-D
1144115
.
.
1004
LomsvDiv&Tenn g34s.l963
Middle Divreg5s
1921
Omaha Div 1st g 3s
1961
Registered
113
113^
II314
103 Feb '05
J-D 105
3
7
132
Sp
4l33 4 L32 8 P'05
M-S
130 Atig'03
M-S 1~9'4
J-J 102'4 102'>4 102 4 102
7
1014 101
4
J-J
944 Sale 94
94 . 117
J-J
Registered....,
1996 J-J
88 Nov'04
Penn coll tr g 4s
95 4 Sale
1951 F-A
954
96 100
60-year conv 4s A
1953 A-O 1084110 1094 Hl 34 347
Y<fc
Erie
125*8
Mar'05
BunX
1st 7s. .1916 J-D
126 4
Bun & S
gold 6s
1908 J-J 104 34
110 Mar'05
Chic & Erie 1st gold 5s. .1982 M-N 123 78 1244 123 34 Sep'0o
Jett RR 1st gu g 5a....ol909 A-O 101 34
104 4 Sep '05
Long Dock consol s 6s.. 1935 A-O 1334
1344J'ne'05
Coal&RR 1st cur gu 6s. 1922 M-N 1154
118 J'ly '04
Dock Ac Imp 1st cur 6s.. 1913 J-J 114
116 J'ne'05
Green L gu g 5s. 1946 M-N 120
117 J'ly'05
N Y Sua <fc 1st ref 5s.l937 J-J 117 117 \ 116 Apr '06
2d gold 4 4s
1937 F-A 102 103 101 4 Sep '05
General sold 5a
1940 F-A 1074
107 4 Sup '06
Terminal 1st gold 5s. ..1943 M-N 120*8
H74Jan'06
Regis $5,000 each. ..1943 M-N
MidRRofN J lstg 68.1910 A-O 10734 109 llo 4 Sep '05
Wilk<& Ea lstgu g 5s. 1942 J-D lll a4
109 VI an '05
Ev& Ind lstcou gugOs.,1926 J-J 1134
114 Apr '06
Bkiyn U Gas 1st con g 5s. 1945 M-N
Buffalo Gas lstg 5s
1947 A-O
Consol Gas conv deb 6s
1909 J-J
Consum Gas 6'ee P G & C Co
'»
102
Great Nor Istg6s..l919
2d gold 5s
1909
3d gold 4s
100 102 4
1921
3
106 4l09 4 Iowa Central 1st gold 5s.. 1938
Gold 4s
1951
1074 110
Jenersou RR .see Erie
98 101
89
94 4 1/ al A & G R See
JrVan&Mich See Tol & O C
K C Ft S & M See St L & S F
K C & R & B See St L & S F
Kan C & Paoiho See
K&T
Kan City Sou 1st gold 3s. .1950
Registered
1950
Kentucky Cent 6'ee L <fe N
101 101
Keok & Des Mo 6ee C R I&P
95
97
KnoxvUle <fc Ohio See So Ry
70
84
1014
108*4
-'
<A January 1
LS&MS
'04
101 Sep '05
96 4 3 'iy '00
100
95
I
1
.113
Central l8t g 4a.. 1951
Regiatered
1951
1st gold 34s
1951
Registered
1951
Extended l8tg34a
1961
let gold 3s sterling
1951
Coll Trust gold 4s
1952
Registered
1952
L N O & Tex gold 4s ...1953
Registered
1953
Cairo Bridge gold 4a
1950
M
Sep
1
104
llinoia
Int<fe
1344
134
;J
1084110
122
112
.
102-»4
1965
W
142 4142 4
1124115
103 105
105 4108
J-J
Elm
Hudson Co Gas
Tol 1st ex 4e
1014 1034
102 1064
130
127 34l304
142 4Mai'05
.
U tali Cent 1st gu g 4s al917 A-O
Rio Gr So gu A'ee Rio Gr So
Des Moi & Ft D .See M & St L
Des M <fc Minn See CU & X W
Des Moi Un Ry 1st g 5s. .1917 M-N 105
Del M & Tol See L S & M So
Det & Mack 1st lien g 4s. 1996 J-D
103'j
100's
141
128 1«Aug'05
112 4May'o5
105 Sep '0
106 4 Sep '06
102 Feb '03
134 May'05
149 Aug'01
101i4 DJl 4
l
.
129 3j
128% 131 34
J'ne'05
127
104
103
96
133
1936 J-J
improvement gold 6s. ..192s J-D
Rio Gr West 1st g 4s. ...1939 J-J
Registered
<fc
1951
1951
Rogiatered
1951
Spring Div 1st g 34s. ..1951
Western Bines 1st g 4s. .1951
Bellev & Car 1st 6s
1923
Carb&Shaw 1st g4s... 1932
Chic St L & N O g 5s.. .1951
Registered
1951
Gold 34s
1951
Registered
1951
Meinph Div 1st g 4s. ..1961
St L Sou 1st gu g 4s.... 1931
Ind Bl & West 6'ee C C C & St L
Ind Dec &
1st g 5s
1935
lstguargold 5s
1935
Ind 111 & la 1st g 4s
1950
126
;
M-N
A-O
F-A
M-S
M-S
A-O
A-O
M-N
'as
Gold 4s
1995
1951
Det Sou lstg 4s
Ohio Sou Div 1st g 4s. ..1941
Dui& iron Range lst5s„ 1937
Col
Regiatered
Gold 34s
127
.Registered
N74
101
1916 J-D
2000 J-D
Alb <& bus 1st con gu 7s. 1906
Guar gold 6s
1906
Rens & Saratoga 1st 7a. 1921
Del Riv RR Bridge .see Pa RR
C0I& H Vlstextg4s..l948
1
76
93 \
74
75
93 >9 94
109%.
Houat E <fo
Tex see 80 Pac
Houat & Tex Cen .See So Pac Co
I
1044Nov'01
OS's
95
98 4
97 4 98 4 98
75
74
76
76
114>4
112 4 Feb '04
W
1921
1921
Greenbrier Ry See Chea & O
Guli<fcsll8trer<fctg58 &1952 J-J
& St Jo 6'ee B <fc Q
Han
ouaatonio See N Y N H & H
Hock Val l8tcon8olg44a.l999
Regiatered
1999
112 114>4
121 34 121 34
,
135
9934
Registered, h.
St Louis
1st 6s.. .1921 J-J
Mge and col trust
99 3«
112"8 J'ly' )5
121 a4 J'ue'06
,
101»4
984100 34 Gt Nor—C B&Qcolltr4a
10l4Aug'05
116
123 '«.
104
10078 l037e
99 34 Feb '06
94>a Aug'03
106 Jan '04
102 4 102 4
.
.
101
100
A-O
<fe
Consol gold 4
21
I
improve4s
1923
Syr Bins & X Y 1st 7s„1900
Warren 1st ret gu g 3 Has. 2000
Del & Hud 1st Pa Dlv 78.1917
Denv
119
96 34"e'94
10641104
Construction 6s
Term
116
90i£ j'iy'b";
97>a
Low
122
1942
Mt Vernon 1st gold 6a.. 1923
Suil Co Branch 181 g 68.1980
L'argo Ac so .See Ch M Ac Bt V
'
linl&iJ ereM See Perc .M;ir
Kla C <fe Penin See Sea Air Line
Kort St U D Co 1st K 4 4a. 1 94
Kt W<fc Den C 1st g 6a.... 1921
VI W<fc RioGr I»tg4a...l928
/
al Har & S A
tfee So Pac Co
' T a j H <fc H of 1882 1st 58.1913 A-O
Georgia <fe Ala A'ee Sea A Line
Ga Car Ac Nor .See Sea A Line
Georgia Pacitlo .See 80 Ry
Gila V G Ac Nor See So Pao Co
Gonv <fe Oawegat See N Y Cent
Grand Kap<fc Ind A'ee Penn Kit
Gray's Pt Term &ee St L S
Hange
Since
or
Sate
LclkI
'
1064.-. 10*4 Sep '05
126'8 1274 1294 12934
129>4Sep'0.
1916 J-D 129 4132
1st consul
&
U3411&34
113*8 'Jep '06
& Western 7s. ..1907 M-S
Morris* Essex 1st 7s. ..1914 M-N
Del Lack
Lack
123 4125 4
*H'4 99
8438 98
Ry
& Gt So see C M & St P
Dak
alias
Waco .See M K & X
NY
iM**i8S*i
Hange
October
l'
c_
WeeK'i
J*Ttce
frniav
N. Y.
latgeneral gold 6»
Hock Val
Col & Tol (See Hock Val
Ool Conn <fc Term .see N &
Conn
) I i<ih
129 34 Mar'li4
126 1e Aug'05
96 »4 J'ly'05
96
96
J-D 103^ Sale
g 48.. 1990 M -N
Peo & East 1st con
income 4s
<
138 "a 138 s,
08 Deo '03
.
96
114
^c
L
& Mali &ee nn.tr
Olev Cin C & st L gen k 4b 1998
Cairo Div 1st gold 4s
1939
Oln W<fc M Divlstg4s.l991
Oleartield
Bt
A 3k Low
.
122 4
Since
Last Salt
-I
A-O
urold 4 4b... 1937
Ac 1 lHt, tru st 6s.. .1941
Find <fc Fl
l«t gu 4e «t.'S8
Cin 1
1st tru g 4h.1953
Cm
Wee*'*
Range or
138
04 34
135 4.
BUN DM
STOCK EXCHANGE
January 1
Wkkk endlno Ootobee 8
IjOw High
trie & PltU See Penn Co
13378 1384 ttvans &
H 1st Cou» 68.1921
Hange
J'rlce
fYiday
October 9
llm
Pitts bee Pen u C<
<W O con 0a.„193o
reduced
to 3 StS. 1'.<:{i»
Conn lia
OhSt P & .Minn lBtg6a 1918
Nor Wisconsin 1st 6s. ..1930
StP&S City 1st x 6s„ .1919
Chicago Ter Trans g 4s. ..1947
M
Vol. lXX*I.
2
J'ly'05
Aug'05
Sep '05
May'05
4 J'ne'05
105
103
103
103
1054105%
123% 127%
1074109
108
110
10741094
104 41074
1004
112%
1114113
1104112
Jan '05
Due Aug Due Oct gDueDeo sOption sale
110
113
May'05
110
2
Oct.
BOND*
\\
I
t-M'IM' OCTOB1 u u
1..-.
Si
Loiusv.t N*»oT—f< '""""v"*,
4Vj9-.-lt»ai M N
1, Tin A Lex irolil
1B3U J J
>' 11 ,t M 1st aold 6s
N
M
(>«•
•M
1;nS0 J J
sold 6a.. .199*1 M S
2' 1
,
'",
Pensacola Div
sit L l'iv 1st troht 8a
SdeoMSa
Atl Knox A N«T
M
1980 M
s
s
J
r>
1981
1st ir5sl04t
Header Rom lata I * 6s. 1931 M s
J
Kentucky Cent irnld4s..l9s,
.* N A M A U st 4 %s 1 945 M s
LA N-Soutn M |oto1 48.1962 J J
Weekft
October 6
liangt or
Last Sale
Ask
Bill
HI
Lena
HI9
....
....
131
130
128
114
126^....
68
>-j....
H
S
Higlx
Mar'05
Aug'05
Aug'OS
iai*al2i
1 1
See
Million Coal See L B A M B
an Italian Ky consol 4s. 1990
loti"»107
81
1907
4%s 1st Ser
Internal 1st con £48.197,
197,
Stamped guaranteed
Coll tr a
s6i«
1st nolil 6s
'
18S. 18I
9
'si
MtiANorth AeeChMAStP
Miuu A St L 1st (told 7s. .1927
1909
Iowa Ex 1st sold 7s
1st gold 6s... 1921
137
....
....
....
J'ne'05
108»4 J'ue'06
HOia
....
11 3
96 Si 97
98 Si....
Si
1944
1st ret g 4s. ...2001
1st gu g 5s.. .1940
Dal
KaiiC
Pac 1st * 4a.. .1990
K E 1st gu g 5s. ..1942
194
Ok 1st gu5s
1st gug5s.l942
K
So 1st gu g 5s. 1943
Slier Sh
Tex Okla 1st gugos... 1943
3d7s
1906
Pacific
Missouri
1920
1st consol gold 6s
02 Hi
87
IDS Si
1
1
.,
102 34
87 Si
109»,
1998
Div'llstlAgeng48...1944
94
87
Pocah C A C Joint 4s. .1941
1922
94% 97 S»
C C A T 1st gu g 6s
111 114Si
Soio VANEl8tgug4s 1989
!04%109-'4 North Illinois See Chi A N
106 110
North Ohio See L Erie A
106% 107 S> Nor Pac—Prior lien g 4s. .1997
3
Registered
1997
104Sal08 4
103 34 107
General lien gold 3s
a2047
Registered
121Sil25%
O2047
105 Si 110%
St Paul-Dul Div g 4s. ...1996
Registered
1996
105
>*
!i7 Si
Dec '04
Aug'05
11134
III34
lu93g
l09Sl
109%
WW
HO
loe'sJ'iyos
10a l08>sAug'06
105 Sep '06
105"e...,
125 ....
124 s4 Sep '06
105>»106 105 Si 105 Si
l
t.
107»8....
107 Si Aug'05
"94
94S2 94
94
97% 97 34 97 Si
9 7 s4
107Si....
110 Mar'05
103 S,....
103 Si Sep '05
119Si....
119 Sep '05
US'*....
lloSt 115 l4
IO934 Oct '03
94 a4 Sale
943,
94%
96«g
96 Si
97
II6S2U9
Wash Cent 1st g4s
1948
NorPacTerCo 1st g 6s. .1933
93% 96% Nor Ry Cal See So Pao
Nor Wis See C St P M A O
94
98
Nor A Mont
1931
II334
95
Monounaliela Hiv See B A O
Mont Cent See St P M A M
Morgan's .La A T See S P Co
Morris A Essex See Del
Nash Chat A St List 78.1913
1st consol gold 5s
1928
Jasper Branch 1st a 6s. .1923
McM M A Al 1st 6s. .1917
Branch 1st 6s. ...1917
DAW
1203«123»„ 121
113SiH5S3 116
A.ig'05
117 Si Mar'05
113 J'ly'04
113»e--.
113 ....
LAN
106
82 Si—-
HAD
1997
1934
Lake Shore coll g 3%s...l998
Registered
199H
Mich Cent coll g3%s
199b
Registered
Beech Creek 1st gu g 4s.19.t6
Registered
1936
2d gu gold 5s
1936
BeechCr Ext IbIk 3%8&l951
Cart A Ad 1st gu (r 48...19S1
Clear! Bit Coal 1st s I 4s. 1940
Gouv A OswelHlgug5a 1942
Muli A Mai 1st gu g 4s. .1991
N J June K iru 1st 4a.. .1936
N Y <fe Pu 1 .-! wjii gu g 4« 1993
105S3l05%
79 3«
86
11
98% 100%
99 100 Si
42 100 •« 102%
20 90
93
b
88 Si 90 e
4
89S»
91
90
105% 107
Si
89
Si
.
.
.
97
102
103
FA
R 1
f 5s. .1943
..1911 9 A
Co! C & I l>iiv cu is a..
J-J
Co. i-uei Co gen iropl 6s. 1919 /IN
107SiJ'ly'0O
105 Oct '02
106 Sep '05
V
.
.
'leiii;
.;.->
1961
A-O
V A
FA
FA
J-L
J-D
J-J
103%
103-4 104
94
90
105
74
73%
JJ
I
*.No price
Gr R A
107
108>4
J'ly'05
1 102
Bfi
107%O'-i "1 ...
lo^SiJ'Jy'oj
74
73
66
72
73 365
10
1 >.,
u :,s.i9
p
N
D
N
N
A O
A
(1
'ii.
11151...
90
76%
66% 74%
68
i
J'ly'05
US Oct '00
100%
100 100
110% 113 Sep '06
113-v 110\ Ang'06
'«•
102
Deo '03
"4
109
I
Jliy/i.
107%HO
Si
108»4
108 34
109%
107
103 sep'o;
99% 10a
1111%
09 Si J'ne'05
100% 100S; 129 100 108%
101 34
100
100 Si Sale
102
103%
Mny'O
102
Sep
123% 124
122%
128
123
135%139
139
1
1
i.\
S)
'05
'03
Jan
.
106
108% Apr '04
Feb -05
.
llOSi.
117 Si.
100
.
124
119
106
100
100
J'ne'05
J'ly'05
124
119
108
124
120
106
99
100
lOOSiNov'OO
99
100
75Si
106% Mar'05
105% 105 "%
llOSi.
119% Mar'05
118
116%.
llH 34 Sei>'05
11334 Jan'02
101%
K A
119%
117% 119%
M N
107% Feb '05
104M
J J
A O 104 V. Sale 104% 104%
1
104
106%
A
103
103
103
A-O
103
Sale
J-J
9934
J-D
9tf34
103
07% 07%
1
131 s4 Apr '03
103% 103%
103% Jan '05
J-J
102 Si
Q
106
103
J
Q-J
Q-F
Q-F
J-D
J-D
Q.-M
J-J
....
104% 107
102% 106%
103% 103%
B8%100%
109% 113
lo', 112%
1
105"
sale
96>4
Sale
104%
J
4
,
S3
104 a4 100%
103% 106%
105%
'05
Sep
125% Sep
.
92
94% 98
109 Si 109%
100 103%
75% 7S%
77%
77
76 J'ly'05
'05
Sep
101 S?
123%
116%.
74
Si
.
Am
Telep
'05
125
Sis
Un
Northw
99% 101
92 Si 92%
116%.
92% Api
114% Aug'05
U4%116%
11 5
118%Feb'05
II8I4
'4
109
-2
99
115
115
101
Ang'Of
113%
111% 116
99% 101%
114% 116% 114 34Sep'05
102Vj
104%Aug*05
102 Apr '02
102%104%
108% 111%
117%.
Sep '05
Aug'05
Nov'9S
93% Aug'05
98 J'ly'05
120 J'ne'05
1 16 Si.
108%Aug'03
Ill
109
106
102
93 '4
93 Si 98
9o Si.
.
98
99
*%
ext
1
ihIiimi
4%H
-
93% 94
97
98%
117% 120
96 Jan '04
102 Nov'00
9S J4 Apr '04
.
.
98 4
104 »4.
112 Si.
1L2
1
104 U
93%
113
112
112% J'ne'05
103
.
'06
127% Oct
'02
108%.
103
96%
93
Mai'04
Apr'04
Feb '05
121
119
107
.
Si
103
J'ne'05
96% Sep
.
105
112
114%
H334
12%113
114% Sep '05
113%. fly '05
107
106
lll%Sop'04
110
lOOSllOl
106%
104
,
Sale
1
4
110%
,
106
Aug'o:;
102
105
102
102
1
105% 196
102%
01
101', 107
Nov'97
Jan '05
110
110
111% J'ne'05
111
111%
110
l03Si
11038
,
99
g Line
iuo
M-N
M-N
J-J
M-N
M-N
JJ
96% '^^
90% J'ly'05
.
98
L09% 109%
U19%May'05
llli4
104%
111% 112
106
in..'.,
I
I
lo7%110
Si
1
1
I
m
;
107
LOB
'4
J'ly
•'.:
112',
H"t
S«P
88
98
Ang'06
98
'
,,;
8
104
Uj
'
LiS"
107%
110%
J'li '04
1
1915
Am Utile* 1, In h tg6*..1919
Axaei Ice Secur deb gte.. 1928
VinSniritH Mfg 1st g6s..l916
Am Thread 1st col tr 4s. ..1919
Aim Tobacco 40-yrg 6s. ...Ml H
.il»y
106
106
Si.
98»4
Tel coll tr 4s 1929 J-J
1st g 4s. .2397 y-J
Hnnufitcttiring it
Due
115%
112
on Next Page
Tel
luml Ob. ..1911
Tel gu f
g.. 193 1
(ill
126%
I0734 109
'05
Si
116%.
1941
T& T 1st 8 t g6s
1918
M Y & M J Tel gen g 6S..1920
West Union col tr cur 6s. 1938
Kil ami real est g 4 %s... 195n
.Mut
Si
7634
102
1932
ex 1st gu g 4
A
Si
99%
132 J'ly'99
112%J'ly'0.i
109 J'nc 05
100 Aug'05
.
I00S4
106
1011%
97
9634
109% Feb '05
102% D2S.
77% Sale
112
106
Ang'06
Jan '05
111% 112
133% 133%
132%May'05
132% 132%
132% Dec '04
101% 103% 6a 100 104%
S.
9934 J'ne'04
99 Aug'05
102
Coinm Cable Co
e
,
112
133
ilem uph and Telephone
\in Cot
6
,
107%
M-N
3Sjs
MIS—Continued
1
112
I
Met
102% Oct
106%
loo
C
IM).
FA lot 106% 104% Mbv'05 "6 iii'lt"
si!
M-S
93%
00
90%
»0S 90
Fnday; uteat bid and asked tfiia week. aDuejan tltueiull
g6fl.l910
M s
M
J
M
M
W
I07%l)ec'o.i
lo7
Mny'97
101
torn
V IronO
Sale
Sale
104
J-J
Inv 1st u 6s
al917 A-O
Kirin Div 1st consol 6*.. 1917 J-J
Cah C M Co 1st iru g 8«. 192 .r-r>
i
.1
DRRRABgelstgu4sg.'36
103
.
t
J
J
1948
D3Vs
1950
Erie A Pittsgug3Sis B.1940
Series C
1940
N A C Bdge gen gu g 4 S28 1 945
P C C A St L gu 4 Sis A . 194U
Series B guar
1942
Series C guar
1942
Series D 4s guar
1945
Series E 3 Si guar g
1949
Series F 4s guar
1953
Pitts Ft
A C 1st 7s. ..1912
2d 7s
1912
3d 7s
M912
Penn RR 1st real est g 4s. 1923
Consol gold os
1919
Consol gold 4s
1943
Convertible g 3Si8
1915
Convertible g 3S28
1913
Alleg Val gen gu g 4s. ..1942
CIA Mar 1st gu g 4 Sis.. 1935
Series
Series
i
Gr Itiv Coal 4c C 1st g 6.1 1 91 9
Col Iniluslsi conv5rit'ii A. 1934
1st R 6c oil
ku Ser B. 1.'34
Contin'taJC lstsr gu 6*8.1952
Jet! Ac Clear C A I Utjrfi«.192ti
2d L'Olll 5h
1926
KanA H C 6c C 1st s f (.'5s. 1951
Pleas Val Coal 1st ga f 6s. 1 92s
'i
NYC
W
CIA Pgengug4SisserA.'42
Series B
1942
nml Iron
Col K A 1 Co Ken
Convert.
M
AN
C
Tr Co certif's gug3Sis.l9i6
C St L A P 1st con g 5s. 1932
IHISCEU.ANKOl :.»
11:1!
s
. .
99 'f,
99 »e
98 4
99 Sep '05
102 Si Sale 102 1* 102 Si
90^4 sale
91
90S*
9o'< 90
90 \
90
89
S9S2
90
88
90
90 Jiy '05
106 Si
106% Sep '05
102 Mar'04
107 Si.
88
101
90
95 Apr '02
3
g 4s
See
Registered
lOBSjMay'Oo
83
83
9934 100
Remstcred
1
M
109
Low
N Y Cent
121
119
117 l4ll7S,
A-0 11234
N Y Cent* H RiVg3%8. 1997
'
J
M S
Oz'rk A Cher C 1st gu 5s g.1913 A-O
1946 J-U
Pac Coast Co 1st g 5s
ac of Missouri See Mo Pac
Panama 1st s fund g4S2S..1917
Sink fund subsidy g 6s. .1910
Penn Co— Guar 1st g 4 Sis. 1921
Registered
1921
Guar 3Sis coll trust reg.1937
Guar3S2SColltr ser B...1941
120 123
114Sill7
'05
'05
120
118Si....
W
Sep
Sep
6'ee
O C F A St P
95
Mohawk A Mai SeeX V C A H
Deben
J
AW See C C C A St L
OInd
hio River RR 1st 68.1936
115% Oswego A Rome See
See Southern
See
Natof Mex prior lien 4 l2S. 1926
1st oonsol 4s
1951
New
See S Y N H A H
N J J unc KB See N Y Cent
New A Ciu Bdge See PennCo
N Oifc N E prior lien g 6s»1915
N Y Bk.n A Man Bch See L I
J
J
J-D
g
General gold 6s
1937 A-O
3
125 4 129% Ore A Cal See So Pac Co
122 126
Ore RR A Nav See Un Pac
96 Si 90S, Ore Short Line See Un Pac
93 Si 93S«
95Sil00>4
98 S3
129 1* 130 129 1* 129%
122Ss
126 J'ne'06
99
99 Sep '05
115
115 Sep '05
91
95 Eeb'05
99
101 Nov'04
1st extension eold 6s../il927
She.
J
u
115Sill9
93SiApr'05
97 Sep '05
96
N
94
96Sj
95
98 S2
104 Si HO
103 106 Si
UlSiMar'04
96
193s
General gold 4s
Montgom Div let g 5s. .194"
6t L ik Cairo coll g 4s.. el 930
A
J
C B A Q coll tr 4s SeeGtNor
St P A
P gen g 6s.. ..1923 F-A
Registered certlfic'a..l923
StPaulADul 1st 5s.. ..1931
2d 5s...,
1917 A-O
1st consol gold 4s
1968 J-D
HOSi
107
105
H2Si
Registered
103»4 I0934
107 Ss-...
W
TAP
i>
Si
iVo
«fe
106
Trust gold 5s atamped.al917
ol917
Registered
1920
1st coll gol«15.s
1945
40-year gold loan 4s
Ceiit Br Ky 1st gu g 48.1919
LeroyAC V A LlstgSs 1928
Pac H of Mo 1st ex g 4S.193S
2d extended gold 5s... 193s
St L Ir M A Sgeu con g 5sl931
Oen con stamp gtd g 5a 1931
Unified A ref gold 4s. .1929
Rivdfc G Div 1st g 4s.. 1933
1st g 58.1926
Verdi V I A
Mob A Birm prior lien g 5s 1945
1945
Mortgage gold 4s
Mob J A K C 1st cons g 5s. 195:;
Mob A Ohio new gold 6s.. 1927
Nash Flor
i)
109 »4 109
108-4 109
Jliyh
Si
93\Sep'05
109 ....
93 Sj 97 Si
112
10938 8810
108Sil09-ib
A Wa
A
Mo A
M KA
M ATotT
A
A
coll 4s
RWAOTRlstgng 68.1918
Utlca A Blk Riv gu g4s.l922
N Y Chic A St L 1st g 4s. 1937
1937
Registered
N Y A Greenw Lake See Erie
Ask Low
Si
101S;Sep'05
103 Nov'01
102 Si Sale
87 Sale
lOtfSslOtt
93«8....
114 \ J'ne'05
96 Si Sep '05
97 Si Aug'05
101^102
Div
Guarantee*! g 4s
j
Since
January
Last sale
E
120i<Apr'05
S« Mar'05
Il5a»118
1st g 4s. ..1990
171990
4S
1st ext nold 5s
Oswe A R 2d gu g5s...<1916
October
N Y A Har See N Y C A Hud
N Y Lack AW See D L A W
N Y' L E A W See Erie
NYALongBr AeoCentofNJ
New York New Hav A Hart—
3
Honsatonic R con g 6s.. 1937 M-N 126 4
137 137
Derby con cy 5s. 1918 M-N
H
N
A
108 34H1 8
N Y A North .See N Y C A H
120S, 122
X Y O A W ref 1st g 4s. .#1992 M-S 103% Sale
II314H3S,
Regis 85.000 only
#1992 M-S
114Sill7»4 N Y
Put See N Y C A H
95
98 *f N Y A R B See Long Island
96
98
NY84W See Erie
N Y Tex A M See So Pac Co
99 102% Nor A South IstgSs
1941 M-N 110
Norf A West gen g 6s
1931 M-N 133 Ss
Improvem't A ext g 6s.. 1934 F-A 131
100WJ104S,
New River 1st g 6s
1932 A-0 129
8434 8S%
N A W Ry 1st con g 48.1996 A-O 101% Sale
May'00
139
109
117
MSSM
2.1 irold
26Si
18 Si
Week's
Kanye or
Bid
J
J
J
Kanye
J"rice
fYiday
.
South West Ex 1st g 78.1910
1934
1st consol (rold 5s
1st and refund gold 4s. .1949
Des M A Ft D 1st gu 4s... '85
Minn A St L gu Aee B C R A N
M st P A B S M con tr4 int gu '3s
A A 1st g 4 intgu 1926
Minn Un see St P M AM
Mo Kan A Tex
R WAOconlstext6s.ftl922
82V,
94 Sj 99 S)
wNVCent
See Erie
Mi<1 ol N J
Mil L S A W See Chic A H W
O
116S
,
105
1910
7H'8
19
11
25 r ( 563
Mica Cent
<fc
S.
03 S. 107
104 104
106 S3 109
»4 S3 Sep '05
90 s8 J ly'01
97
Mei
M
5
1
82V. 14
81
24S3
17 Si
82
26 >4 Sale
IS >4 Sale
A
1.
Si 1 1
125
MetroiHilitan El Ave Man Ky
Mex Cent consol told 4s.. 1911
1st consol income c 3s.nl 93'.'
•Jit consol income g 3s.. n 1939
1919
coll «rol(15s
Ei|Uip
St
4
9 9 '4" 9
103Si 104
104 A pi •05
106 Si Sep •05
Sale
104
1990
HMiatarad
190.x
Metropol Kl 1st g6a
Man S \v Colonl* e 5a.. ..193 i
McK'pt A B V See N V Cent
Ex
AG
C1*L
A Ch
Pacific
DetMonATol Ist7s.l90i
R lstgu c 68.1938
Kb A
Mahon C'l RR 1st 5s.. 1934
Pitta McK A Y 1st gu 68.1932
1934
2d guards
MoKees A B V 1st g 6s 1918
Mich Cent 1st consol 68.1909
1931
6s
1931
Registered
1940
4s
1910
Registered
1951
J L A S 1st g 3Sis
1952
1st gSSiS
Bat C A Star lstgu g3s.l9H9
N Y A Harlem g 3 Sis.. .2000
Registered
2000
N Y' A North 1st g 6s.. .1927
USSllLt
115>4
t,"-.
1928 M s
ic A
J J
J J
Debenture R 4s
98 S. 102
108 110
86
97 '4
,
!•'
Mex North
Si
113H.114S*
1
98 »a 97 Sep '05
116S»Sep'o6
A 116«8ll9
.v Kia A B 1st go r 5s. ..193,
•101
112 Si Mar'05
Pane A Atl 1st pa p 8a.. 1931 K A 112'g.... llSSj
Mar'05
^ ,v N Ala con go g 6*..18S6 K A
110 Mar'03
102
Si....
1910 A <)
Muk tuud gold6«
LA Jert BdceCogug4s..l94a M s 97 »a.... 99>4J'ne'05
L N A
Registered
2361
Lake Shore gold 3 S1S....I '997
1997
Registered
74% 74%
to
3 k
Nor iSa Mont lstgu g 68.1916 A O
West Shore 1st 4s gu...2861 J j
128Si 189
12 (•>'•.. 1JS
114
114
....
108
97 1 <
If
1
109
10a
113 Nov'99
Ill'-'
102 Si
102 k,
110\, 108 Sep '06
107
STOCK EXOHANGK
N. Y.
)tod
Wkkk Ending October 6
So Low Hiqh N Y Cent A H R—(Continued)
lHSjSep un
114^118
1
January
*5<
Apr '06
121 SiMaV05
74»8
74^
109
....
120 '„....
1087
HOMO
frn-e
.1
1
)
.
Bond Record— Continued— Page 3
1905.
BTOOK RXOHAHOK
N. Y.
J
'
Q-F
M-b
A-O
M-8
J.
7 97% 101
98
97% 98 V) P8
100%
8
96
96% Sale BS%
la
77
83%
Si)
64
ki% sale
9
101%
t'9
101% BU Bep'ofi
80% "i 87% 91
90% "ale io%
.
1
A-O 114
FA
ADuoj'ly
77
-ale
Hale
p Due Xov
ll.V.
117%
76%
77%
s
Option
110% 11«%
20o|
sale.
71
78
Bond Record
1088
m>.\ i»>
Perm
October 6
W
KK
Can gen 48.1944 M-S
Pensacola cfc Atl .See L cfc Nash
Peo cfc East Nee C C O cfc st 1,
l'.i'j
Peocfc Pek Uu 1st k 6»
cfc
I
2d gold 4 4s
u
&iaai
PereMarq— Ohcfc VV M 6s 1921 J-D
Flint cfc P M g Os
1020 A O
1st consol gold 6a
L83 nrt-.S
Pt Huron Div 1st g 6s. 1930 A-O
SagTuscfc H IhI iru 4s. 1931 FA
Phil B &
6re Penn UK
Phila & Reading cons 7b. 101 1 J-D
Pine Creek reg guar 6s... 1032 J D
Pitts Cm cfc St L Bee Pen n Co
Pitts Cleve cfc Tol .See B cfc O
Pitts Ft
Nee Penn Co
cfc Ch
Pitts June 1st gold 0s
1922 J.J
Pitts & L Erie 2d g 6s...al928 A-O
W
&
Pitts McKeea
V .SeeN Y Ceu
Pitts Sli
L E 1st g 6s. ..l!»4d A-O
194.: J.J
1st consol gold 5s
West 6ee B cfc O
Pitts
PittB V <fe Ash 1st con 6s. 1927 .VI- N
&
&
Reading Co gen g
4s
1007 J-J
Registered
1007 J J
Jersey Cent coll g 4s... 1061 A O
Rensselaer <S> Bar See D cfc H
Rioh <fc Dan Nee .South Ry
Rich & Meek Nee Bouthern
Rio Gr West See Ben <fe Rio Gr
Rio Gr Juno 1st gu g 6s.. .1030 J-D
Rio gr Bo 1st gold 4s
1040 J-J
Guaranteed
1040 J-J
&
Pitts
Rome Wat
cfc
Nee
Og
Rutland 1st con
OgcfcL
Last Nate
ASK Low
lixa
or
liujli.
1094.
100*8 J 'iy 'us
1003*
11 1 Hi
110 4 Sep
o J
A'c
HO.NI>-.
STOCK BXCHAKG B
Week E.nui.no octobee 6
Southern Pac Vo—(Continued)
Morgan'! La & t 1st 7s. 1918
HtQti
nit'
io>;
:
J
'
4
loo-%
1st gold
.
Cham
Rut-Canad
B K
6ee
<fc
102
1
23
4 Jan
1034 Sep
105
12341234
103 4 103%
'0
'06
10.". '4
100
Alir'02
1204
1144
121'.|
114%
J'ly'O;
Sep '05
113
114
J'ne'06
4 123"
114 4
114 110S
110
112
N Y
g4 4a
117
126
1194 Apr'04
.,
..
118
120 Oct '01
112 4 Dec '02
117^4
118
120% Aug'05
....
4120% 08
115%
103
00
Sale
'4
Bale
1174121
J'ly'97
102%
M»y'06
1034
100
Jan '05
116
09 34
LoO
m
116
116
100',
104%
loO 100
'34 08 4 101
744.
80
Mar'05
Sep '05
109
.
81
80
.
Jan
98
89
1014Nov'01
94
122
944 96
126
Sep
90
99
'06
93
96
cfc
J'ne'05
1033s.
103%.
1284
114%.
2d gold 6s Class C
1900
General gold 6s
1931
General gold 6s
1931
F'
RK
St Lcte S
cons g 4s. .'90
Southw l>iv lstg 6s. .1047
Refunding g 4s
1951
6-year gold notes 4 4..190X
Ft
S
cfc
M
con
1928
KO
gOs..
KCFtS&M Ryref g 4s 1030
K G& M Rcfc B lstgu 58.1020
St Louis Bo 6'ee Illinois Cent
1st g 4s bd ctts.1089
St L S
2d g 4s uic bond Ctls...pl989
Consol gold 4s
1032
Gray's PtXer 1st gug 6s 1947
Dul
Paul
cfc
Nee
Nor
Paoific
St
8t Paul M cfc Man 2d 6s.. .1900
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4 'as.. 1933
Registered.
1033
Dakota ext gold 6s
1010
Mont ext 1st gold 4s
1037
.
97
4
80 4 Bale
88
luO
103
104 4 Feb '05
131 May'05
114 4 Sep '05
08 4 Sep '05
102 4 Aug'05
894
Sale
874
90
102
104
84100'4
102%
101
124
70 X7
994
99 34
87
86 34
83 34
874
84% 121
107% ill
1304140
92 4
4120 4
4
«2
107%
9641014
2
2
107%
84
87 4
80 4 84 4
107% 113
,
Gacfc
Ala Ky
Ga Car
cfc
1104112%
Sep '06
4 Sep '06
4 Sep '05
105
103
1034103%
104%104 a4
:|
124 May'06
136 4 Sep '0."j
134 J4 Doc '04
118 4 Feb '05
123
135
1214
12141214
W
H
109%.
110
89%
Sale
J-J
98 ....
108 ....
103%...,
107%...,
lll a4 ....
il0 4.„,
1114....
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J
D
1041 J-J
Cent Pac 1st rel gu g 4s 1040
Registered
1040
Mort guar gold 34s. .AT929
Through St L 1st gu 4s '54
Gal Bar & s A 1st gOs. .1910
Mex & Pac lstg 5s
1931
Gila VGcfcN 1st gug5s. 1024
Hous K &
T 1st g 58.1033
1st guar 5s red
1033
110
104
con5sol945 J-J
No 1st gu g 5s 1020 J-J
W 1st gu g 5s
.
M-N
1st
Seab cfc Roa 1st 6s
1020
Sher Shr cfc So 6'ee M K cfc T
Sli So UCa <fc G Nee Atl Coast L
Sod Bay <fc So 1st g 6s
1024
So Car cfc Ga 6'ee Southern
So Pac Co— RR 1st ret 48.1955
Gold 4s (Cent Pac coll).fcl940
Registered
£1940
A& N
AO
110
124
135
1184H84
1214
F-A
F-A
41054
110
8934
89 7g
105 Sep '05
95 Mar' 05
109 Feb'05
97 4 Sale
05 4 Bale
107%
4 Sale
110
19 108
84 34
2.".
102
95
109
109
92
105
98°
100
4109 4
1094
U4
110
110
Jan '03
102
97 4
97
165 964
95
06
20 02 4
94 May'05
91
11 1 ^ Aug'05
104
101-4
40 100%
102
984
97 4
04
111%
104
094Mar'03
J-D
A-O
80 4
Sep
89
•<
F-A
107
1104
1034
AO
1 10 -v Sale
110
105
112
107*4
Feb '06
4
110%11234
110 4 112 4
1104
08
127
127
102
1084110%
1134116
lo74 HO
105 4 107 4
103 4J'lv'0t
111
111
07 4
09
11
115
Feb'05
107 4 J'ne'05
111
123
874 90
'05
.014 10
110% 10S4 Mar'05
M-N
M-N
M-N
M-N
cfc T C 1st g 5s int gu„1037 J-J
Consol g 0s int guar.. .14)12
Gen gold 4s int guar.. 1021 A-O
Waco cfc N Wdiv lstg 6s '30 M-N
'04
1 09 4 Mar'05
112 Aug'05
110 Jan '05
lll l4May'03
105
101
Jan
J-J
J-J
A O
A O
89
loo
Sep 01
Jan '01
l044J'ne'
B»4
89 3<
1084 Apr '0LOW v Jan '05
4
lo7%
lo.i
101 ^
112
C 6s. ..1910
J-J
J-J
J-J
A-O
M-N
M-N
1
OC
1936
1st g 6s
6s. ..1935
1104
9s4
4 Feb '02
05
41004
1114
121
Sale
116
a6
944
110%
109%.
116
.
131%
100
J-D
125
J J
loa%
A-O
60-year gold 4s
1950 A-O
Tor Ham cfc Bull 1st g 48./U940 J-D
UlstercfcDellstcong68 192b J-D
1952 A-O
gr g 4s ...1947 J-J
Registered
1947 J-J
1911 M-N
1st lien convert 4s
Registered
1911 M-N
Ry
cfc
Nav
con
Ore
g 48.1946 J-D
Ore Short Line Istg6s..l922 F-A
let consol g 6s
1946 J-J
1929 J-D
Guar rerund 4s
Registered
1929 J-D
190« J-J
Utah cfc Nor 1st 7s
Gold 5s
1020 J-J
Uni N J RR cfc C Co 6'ee Pa RK
Utah Central 6'ee Rio Gr Wes
Utah cfc North 6'ee Un Pacific
Utica cfc Black R 6'ee N Y Cent
Vandalia consol g 4s
1955 F-A
Registered
1055 F-A
Val lnd cfc
6'ee Mo p
Ver
irginia Mid 6'ee South Ry
Va do Southw't 1st gu 58.2003 J-J
1030 Vl-.N
Wabash 1st gold 5s
1939 F-A
2d gold 5s
Debenture series A
1030 J-J
1030 J-J
Series B
1st lien equip s fd g 5s. .1921 M-S
1st lien 50 yr g term 4s. 1954 J.J
DettfcOh Lxt lstg 5s. .1941 J-J
Des Mom Div lstg 4s. .1030 J-J
1941 A-O
Om Div 1st g 3 4s
Tolcfc ChDiv lstg 4s... 1941 M-S
St Chas Bridge 1st g 6S.190S A-O
Wab Pitts Term 1st g 4s. L954 J-D
1954 J-D
2d gold 4s
Warren 6'ee Del Lac cfc West
Wash Cent 6'ceNorPac
6'ee Southern
Wash O cfc
West Maryland Istg4s...l952 A-O
West N Y cfc Pa 1st g 5s.. 1937 j-J
1943 A-O
Oen gold 3-4s
1
108 4
108
12 4 Feb'05
111 Aug'u.,
121
12 14
110 Feb'o
112
112%
10o4 111
117 4 1214
00%
96 4 102
97 Hi 10014
117 4 118
116 4May'0.'
1154 Aug'..
1104 1104
117
100
.
101
.
954 084
1254 125
H6%117
114
109
97
92
118
98
91% 92
8i J4 Sale
99 4
1124
Bale
I
1
;
I
;
1144
1144117
114
114
97
115
4114%
97%
116%
1114U24
125%
121
08
'4
101%
'04
1254
24
12041254
03 34 102
1064111%
..111144 1163*
8
96
1
lo7 4 112
95 4 99%
91
95
80 4 92
-7
83
07
094
110% 113
95 4 96%
104 b4 108 4
103 4 106%
105 -j
105 . "70
104 4 Sep '05
134 4 136% 129 112%
13 r\ Apr'o.
116%
lo3% 103% "14 102
123 34
125% Sep '05
11^ 4 Sep 'oi
1174
96 34
07
75 05 4
;
HS's
97
2 % 1 25
123 4 .27
1
118
4
112 114
96 4 08
111
108
lol
1124
964 Sep 'o;
103 4
4
Nov'04
1124
134 a4 Sale
103
125
122 4
113 4 116
'0.1
00 4
96 4
106 4 Aug'05
106 4 Nov'04
116 J4 J'ne'O^
111 May 'oi
100 34 Sep '05
09 Sep 'i;5
03 Aug'05
01 34 Sep (K
85
83%
99
99 4
93
106% sale
116
114
119
J'ly 'Oo
1124 J'ly
964 98 4
118%
1.8
1114Apr'05
1214 1214
,
D04
118 Aug'oo
00 4
99 4
118 J'neO.
08 4 Mar'05
00 4 Dee '04
114 Sep '05
08 Feb'O.
100 4 Aug'05
123 Feb '02
110 Deo '04
1144J'ly'>'6
114 4 Aug'06
114 4J'ne'o5
97 34 May'05
116 Bep'o-
.
96
J.J
M ai
1144115
Di-c'o4
Feb'' 4
J'ly'05
114*4 J'ly
A-O
Kan M 1st gu g 4s
Tol P cfc W 1st gold 4s. ...1917 J-J
Tol St L cfc Wpr lien g 3 4s. 1925 J-J
cfc
116
109%
120%
100%
F-A
.
1214 121',
11541164 113 4 Sep '05
1.4
124 4 Sep 'Of,
1.6 4
12634 J ne'05
J.J
J-D
A-O
144
98 4
09% Bale
4
H.HV
109 4 Feb 05
90
117%
0]
.
109%
1U2 4 103
1
M-S 112
M-N 114% 117
M-N
96%.
F-A
1935 J-B
1990 A-O
General gold 5s
cfc
4.
K8
106
<
110
,
1164.
MS no
.;::;
M-S
J-J
'ue
1
1144.
108%
121
MS
j
20
04 4 Deo '0
115 Mar'ofi
.
11.14
101
'
90
!i
M-N
1st refund g 4s
St
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1011
Car Cent 1st con g 4s. ..1040
FlaCencfc Pen Istg5s.l91&
1st land gr ext g 5s... 1030
Consol gold 5s
1043
<fc
111
110
J
116%
110%
Western Div 1st g
113%
1104 Apr'01
1114Sale 1114 1114
1214.
J
W Mln W & N W 1st gu 5s '30 FA
J-J
113% Un Pac RR
120
136
1
J/tt/fi
loo
113
103%
J-J
M
139
104
103
102 41023s 104
JJ
101 4
112
J-J
W
136
104
AO
1st Os
W
Sep '05
May'02
139
140
113%114'„ 113%
P <fc N or Pac Nee N or Pac
StPc&S'xOity 6eeOStPMcfeO
Salt Lake C 1st g s I 6s. ..1913 J-J
SFePrescfc Ph 1st g 6s.. .1042 .vl- )a
S A & A P 6'ee Bo Pac Co
8 F & N P 1st sink t g 58.1910 J-J
Sav F & West -See Atl Coast L
Scioto Val cfc N E .See Nor cfc W
4
104%
1294132
1124 116
Sale
8334 sale
1
ASK Low
Hum No Low
L294 Nov id
1184 1224 122 Dec '04
Div g
1921
1926
1936
Guar stamped
1036
O&
1st cy gu 4s.. 1924
West N C 1st con g 6s. .1914
S & N Ala Nee L cfc N
Spok Falls* Nor lstg 6s.l939
Stat Isl Ry 1st gu g 44s.. 1943
Byra Ring & N Y Nee D L <fc
L'erAof St L lstg 4 4s. .1030
1st con gold 5s
1894-1944
Gen refund s I g«s
1953
St L
Bge Ter gu g 6s. 1930
Tex <fc N O 6'ee So Pac Co
Tex cfc Pac 1st gold 5s
2000
2d gold inc 5s
t/2000
La Div B L 1st g 5s
1931
Tol
994
Registered
1037
BMinn 1st div lstg 6s. .100s
Nor Div 1st gold 4s
104s
Minn Union 1st g 6s
1022
Mont C 1st gu g 68
1037
Registered.
1037
1st guar gold 5s
1037
Will & S F 1st gold 6s.. 103b
104 3
89% 218 88%
Lec'04
Aug'05
90
125
1234
W
Oreenv
W
136
<fc
StLMBr Nee'V RR A of St L
St L & B Fran 2d g 6s CI B 1900
&
Virginia Mid ser
Series D 4-5s
Series K 5s
General 5s
cfc
<fc
A-O
JJ
<fe
1916
5s.. 1930
Con 1st gold 5s
1056
F Ten reor lien g 5s
1938
Ga Pac Ry 1st g 6s
1922
Knox & Ohio lstg 6s... 1925
Rich & Dan con g 6s
1915
Deb 6s stamped
1927
Rich & Meek 1st g 4a. ..1948
So Car <fe Ga 1st g 5s
1910
109
81
89
109
76
'05
103 34 May'04
99 J'ne'05
99
S nee
Jaiiuo 1/ 1
Uni
F...1912 A O
1st gold Os
1012 A-O
1st con guar g 6s
1937 .M-N
1005-1937
Btemped
SPacolN Mex 1st c Os.. 191 J-J
So Pac oast 1st cu Is g. 1037 J-J
Tex<fcNO.->abDivlHt gOs.1912 M-S
Con gold 5s
1943 J-J
Southern— 1st con g 5s
1004 J-J
Registered
1994 J-J
Mob & Ohio coll trg4s..l938 .Vl-S
Mem Div 1st g 4 4-58. ..1996 J-J
St Louis div 1st a 4s
1951 J-J
AlaCen R 1st g 6s
1918 J-J
Atl <fe Danv 1st g 4s
1948 J-J
2d 48
1948 J-J
Atl<fe Yad 1st g guar 48.1049 A-O
ET Va&Oa
cfc
cfc
SAAA
Col
109
Hanqe
or
Last sale
US%.
UN 1U0
Nov'07
137
Cent
1041 J.J
Oag Tus H Nee Pere Marq
Ct Jo Gr Isl 1st g 4s. ..1947 J.J
St Law <& Adirou lstg 5s. 1000 J-J
1000 A-O
2d gold 6s
St L
Cairo Nee Mob
Ohio
St L
Iron Mount Nee M P
St L K C
N Nee Wabash
Guaranteed gold 5a
1938
Ore & Cal 1st guar g 5s. 1027
Pass 1st gu g4s. 1943
Bo Pol Argu lstg 6s. ..'looo
1st guar v Os
clOlO
B Pol Callst g 6s ser B.1906
lBtg6HH<TiesC <fe D...1906
lstg 6s series K
P
1st gu 4s g.1948 J.J
1st gu g4a...l949 J-J
1020
611
Hanye
js
1
1204
inlay
OctoUrr 6
.'•
YTex&Mei gnlst lsgloi2 A-O
1007 J J
NootCal hi un g6«
'04
Week's
V-Viee
N. Y.
LXXXI.
V OL.
[
Nince
January
I.
4
Hanqe
i/
W
Roch
Hanue
hritlav
Kit ( VoiUvnueU
lstg 4s. .1943 M.N
PhilaBalcfe
Ban Jb Lewis lut g 4b. ..1930 J-J
UN J
Wee*'*
trice
stock exchange
Week emjinu October 6
n. y.
—Concluded—Page
107°
112
103
103 34 Aug'05
1124
112 4 Sep '06
118% 119
100 4 1064
138%
13734
104
127 4
120
984
Dec 'OS
1144Apr'02
1034104%
W
W
Income 5s
West No Car
dl943 Nov
South Ry
Va Cent cfc P lstg 6s. .1911 J-J
Wheel's cfc L E 1st g 5s. ..1920 A-O
Wheel Div 1st gold 5s. .1928 J-J
Exteu cfc Imp gold os.,.1930 F-A
1949 M-S
RK 1st consol 4s
20-year equip s f 5s ...192i J-J
Erie
East
Nee
Wilkes <fc
Wil cfc Sioux ¥ Nee St P M cfc M
Wis Cent 50-yr 1st sren 4s. 1949 J-J
W
6'ee
iis%?saie
106 4
Salt
75
Sale
00
094
02%
110%
904
84
95
,
....
,
88
;
91
75
103
92
111
97
88
Sep
7
10741124
8 110
90
'05
6% 472
Aug'U.,
Apr '05
100 34 112
Aug'05
Nov' O-i
Apr '05
May'05
09 4 Mat "0;;
89 4
88%
1
89
37
36
374
88 Sale
90
874
1184119 119 4 J'ne'05
9034 974 98 34 Sep '05
40
Alar'Ol
no
110
Aug'05
113
1
1134
1114
91
Sale
100
164 Sep 'O..
1144 May'05
11 14 Aug'05
91
91%
103
95 4 Sale
954
Jan
01
06 4 84%
102 103
92
92
07
•88
1194
1064112%
28
.-8%
86
95
98%
864
9534
35
45%
874 94
11941194
96 34
110
113
99 4
112
116%
U4 4H44
114H4%
.
14
'05
i
954 D
91
02
95%
102
904 96
lUlSCELLANEOUsi BONUS—Concluded.
Manufacturing A. IniliiHtrinl
Cent Leather 20-year g 5s. 1925 A
Consol Tobacco 50-yr g 4s. 1951 F A
Registered 4s
1051 F A
Distil Sec Cor con v lstg 5s. '27 A O
Int Paper Co 1st con g 6s. 1918 F A
Consol conv 8 f g 5s
1935 J J
Int St Pump lo-yr conv. 6s '13 J J
Knicker Ice (Chic) 1st g 5s. "28 A
Lackaw Steel 1st g 5s
1923 A
N at Starch M fg Co 1 at g 6s 1 920 M N
Nat Starch Co s I deb 6s.. 1026 J J
Stan Rope cfc T 1st g 6s. ..1946 F A
Income gob' 5s
1946
D B Leath Costdebg6s..l913 M N
US l'.ealtycfe Iconvdebg5s'24
V
J
J
s Bteel corpio-oo yr6s.d'03 M N
Registered
April 1963 M N
Va-Car Chem col (r 6s g.,1912 A O
Miscellaneous
101
80
101
1024 326 9941024
80
81
41
74
84 4
85 4 Dec '04
8234 324 774 82 34
80 s4 Sale
79 %
108 Sep '05
1084
1074 110
954 Sale 95
05 a* 24 914 00
3
103-<4
103 4 103%
5 10234 105 4
100
98 4 Feb'05
08
98
1044 Bale 1044 108
13 104 4 108
87
85 Sep '05
93
85
71
714 75
71
1
59
714
62'j 51
61
424 69 4
2% Salr
3
2%
374
14 8
111 1114 111 Sep '05
os 4 1124
00
974 99
99 4 26 93
103 4
98 4 Sale
98 4 113fi 92
07%
08 4.
98% Sale 98
98 4
4 92 4 9S%
102 -V 994
99 4 li
993« 101 4
•JKwfrice Friday; latest bid and asked, a
Sal"
Sale
,-J
1
Adams Ex col tr
Am Dkcfc Imnos
Am SB Co
B'kl'n
g 4s
6'ee
1948 M-S
Cent N J
cfc
M Idgr incomes.. 1911
Hoboken
5a. ..1910
g 5s.. 1919
g 4s.. 1940
A-O
M-N
M-N
M-N
60-yr 1st g 4s.. 1951
FA
Lcfc
g"
1
1(1
Mad Sq Garden 1st
Man Bch H L gen
Newp Ne Slnp D I) 5s 1(1990 J-J
cfc
cfc
N Y Dock
1024
W Vag 6s. ...1920 M-N
FerryColstcon8g5s'4S F-A
J-J
cfc St Yard col g 5s. 191
Chic J c
DetM
of
Provident Lo*n Soc 448.1921
st JosephStk Ydslst4 4s.l930
St L Ter CupplesStat'n*- Prop
Co lstg 4 4s 5-20 year. .1917
S Yuba Wat Co con g 0S..1923
Sp Val Wat Works 1st 6s. 1906
U S Ked cfc Ret 1 st s f s 6s. 1931
Due Jan ODueFeb c Due Mar a Due Apr ADueJ'ly
KUue
^a-:
,
M-S
J-J
47
Sale
1024
1024
70
""";"97"'
60
90
100
100
Sale
J-D
J.J
M-S
112
J'ly'
1134
J'iv'00
100
106
464 58
OS
103
714 80
Feb '02
97 Sep '05
99 Sep '05
ib~64 100 4 Sep '0
...twet
15 102
100 34 .T'no'02
46 Sep '05
108 J'ly '05
80 4 77 Sep '05
94 4 98
98 100
10041004
833b "
100 3
.
>.>uo..ov r;uueuee
w
)„.<>...
sale
4
4
4
41
EXdl^^—Stock Heoord-Dailr. Weekly ani Yearly
CHICAGO STOCK
hS—HltiH hsl A.XP LOW
SiUt.
J
SAl.h PHI CSS
/..->/
SHU
"""
Sfft 30
Oef
a
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Oct 5
Oct 4
Oct 3
J rulati
Oct
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Hwngt
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High
Loirrsf
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K.\.CHANi.K
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Year
tor
oi the
ciiHAiio STOCK
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200
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Os
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s
4
81
20
654 66
66
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21
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13
574
4 184
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67
21
68
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664
604
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108
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118
38
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112
6
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72 34
72 4
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63
68 4
"
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112
66
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25 4
73
85
28
92*4
27>
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71
81
72
81
•70
'81
284
-224
65
97
02-4
07
•29
83
63 4
87
89
H%
114 11%
04
•106
'133
•56
135
57
Last Sale
Last sale
Last Sale
Lastsale
Last sale
Last sale
Last sale
38
112
66
•%
14
72
14 Last Sal<
64 Last Sale
•6
•6
64
15078 169% • 169 159% •159 15iJ ? b
60
60
60
60
•136 137
137 &137
137
103 103
103 4103 4 •1034 lul
1404 140 4 140 4 140 4 141 141
Z60 4 604
60
60
100
•133 137
•103 1034 •103
1404140'-. J404H04
6'2 4
63
63
63
Last sate
Last Sale
82*
"254
27
78
284
62%
Sep
113",
62 4
•lOS^lOi)
100 105
•
101 4
2>,
55 4
56
113
4
•61
•1134 1134
02
<-'3
108 4
108
--.j
62
224 22 s 23
664 64% 55
554
1134 11341134 •113
101
101
24
100
24
J
13
15
•36
38
100
4
12 4
18*4
36
36
2%
2
j
.N
63
4
24
134 144
36 4 30 4
2
2
24
4
11
•36
2"
U<4
13
37
36
«
Do
2%
Do
Price
Friday
Oct 6
Bid
Amer Biscuit 69
1910 F-A
Amer Strawboard lst6s.. 1911 J-J
Caas Ave
F G (St L) 58.191
J
Cluo Boaru of Trade 4s ...1927
D
cfc
Chio Consol Br <k Mlt6s..
Cluo 'onsol Trac 4 4s
1939
Clue Edison debent 6s
1913)
J
D
(
lstgolU6s
Chio Auditorium 1st
Chio Dock Co 1st 48
Cluo Equil Gas 6s
I
J
J
M926 A-0
5s. ..1929
1929
1905
ChioAMUElec Ky 5s
1919
Chic PDeuni Tool let 5s .ol921
Clue Rock I & Pac BB 48.2002
Collat Trust g 6s
1913
F-A
A-0
This
J-J
•
Extension g 4s
Cluo St 1st 5a
193s
190o
1909
Refunding g44»
1931
No Chic City StRy 4 48.1927
North West'n El lot 4a. ..1911
Ogden Gas 6s
1945
Pearsons-Tart 6s
1916
4-408 B B B
1920
Norm
i
'
'
1st 6s
4'40s Senes
4-608 Series
4-SOs Series
,
E
F
1943
1947
ChicGas Lt&C 1st 5s.. 1937
Consumers' Gas 1st 58.. 1936
South Side Elev 4 4h
1924
Bwifl<fc Co 1st g 5n
1014
Union El (I/oop) 5s
Union Pactho couv 4s
191
V S Brewing 5s
lolo
V S Steel Corn 2d 5s
el903
West Chic st 1st 6s
1928
Tunnel lst6»
lyuy
1st 6s.
81
89
90
1
A O
M-N
M-S 194 4 94 "4
90 Sale
M-N
J-D 1004
M-0
994
I
Debent 6s
lv»
1
lu3i;
4 4s..l'.'3i
5-20 is. 1808
West DivClty Ry
J.J
J
D
J
J
J
1
O
M-N
M-S
M-N
M-N
89'g
29
May'Oij
94\
897,
Aug'05
Sep '06
89 Aug'05
94 4
94%
90
90%
100 4 Sep 'Oo
7
9:> 8 Sep'05
99 4 Sep '05
100 Sep '05
100 Aug'05
1234 J'uo'06
1064 100 4 106 '<
1074
108 4 Sep '06
1074 106% 106',
103% Sale 103% 103 4
1034
103 J'ne'Oft
1064 106 8ep '06
92
97
85
86
M-N
90
114
81
88
92
68 4
90
8X
88
1
2
'.|
Nov
Nov
804 Nov
31
S.
.Nov
Mai
.Mm
26
Sop
(iS
.Mai
88
10
Im'I.
10
41
Fob 2
214 Jan 1"
>it>
Jan 5
65
15
Mar27
May 17 loo Aug.<l
Aug28 80 Sep Is
til) 3 1034 Mai21
J'uel2 72 Feb 3
9 4 Feb
Nov
Nov
45
4
27 4 May
28 4 l"'>
(i
89
Jan
Api
44
SiO
Mm
28
Jan
824Api
Apt
38
Deo
(Jet
Sop
Nov
4 Nov
i.|
2ii
1)7
98 4 Nov
34
Oct
103 J'ne
06 4 Sep
84 Jan
124 Deo
Jan
1,1."
40 Mai 79 4 Doc
125
Feb 21 133 J'ly 31 1164 Jan 123 4 Sop
1,04> 38
Jauli) 59*4 Sep 18
19 J 'no 40 4 Deo
98 4 Jan 17 1054Mar27 82 Aug !»4 4 Oct
4 \|it 25
73 4 Apr 2.
Jan 21 106 Sop 2:
60
76
9
1
l
31
J .ti:25
'.j
188
Jan
3S Jan 4 40
105 Marl 7 H2
60 J'ly 27 62
148 4 Feb 23 150
10 Jan 6 10
3
i
6
10 153
41 32
85 125
70 95
266 134
565 55
4 Feb
A pi
Feb 6 34 4 Aug 1
Feb 15 73 34 Mar22
44
4Mar27 48 4Augl4
Jan
104 Not
14 Nov
J'ly 123 ';
Oct
Jan
Feb
Feb
8
May 1734 Nov
J'ly
Mar 147 4 Nov
Nov 9 Deo
Ang 51 Jan
Apr
24 Jan
20 Nov 25 Sep
36 Jan 58 4 Deo
994Jau 1104NOT
254 Mai 464 Deo
74
l 3*
Apr 3
1204 Mario
65*4
67 4 J'ne24
120 J'nel9
lWlj^S
2
Jan 120
95
Sep
98 ag Feb 1104 Nov
99 7 eApr 1164 Nov
36 3»J'uo 474Jan
76 J'ne 87 Nov
Jan 6
Sep 25
Sep 25
4 Apr
Oct
Feb
Jan
42
Jan 30
Oct 6
2
23
688 106 Feb 25 114
150 46 Jan 25 106
325 864Jan 4 103
23
Job
Aug
62
10 4 Dec 12
50 Jan 62
17 J'ne 20
99 68 Mayl8 110 3«Apr 8
8
Nov
40
Keb 10S Oct
145 Aug28 1264 Feb 142 4 Nov
66 4May25
1
J'ne27
2 Jan 30
19 Sep 20
955 52»4 Augl6
364 110 34 Augl7
250 41 Jan 25
110 Jan 5
5 Apr 20
.May
Nov
Feb
52
Mail- 120
Jan 5 10
15
63
\i
Mar 198
83
4
Augl9 1004 Mar 110
1
J'ue 2
Jan 18
1
7 Jan 20
J'ne?*
7
Jan 25 172 Feb 20 140
Jan 7 52 4 Mai 16 18
May 4 143 4Febl7 115
Apr 6 105 34 Alar 6 86
74 Oct
10% Deo
J4J'ly
7
J'ly
3 4 Nov
20 34 Jan
14
Sep
25
3
Anglo 15 34 Oct 2
Feb 15 41 Aug21
68
Continental National..
00k Co State Savings
Corn Exchange Nat...
Drexel State
Drovers Dep National
First National
81
98 4
97
97 4100
16
16
944 964
86
90 4
89
93 4
88
100
99 4
95
95 J4
964
100 4 100
>-.
99
994
99 4 99 34
99 4 100
100 100 34
123 4 123 34
105 4 107%
107 J4 108%
106 4 lt>74
1044
102 4 103 4
105 4 107
102',
Nov'04
1
First Nat Englewood..
Foreman Bros B'k*g Co
Fort Dearborn Nat
Hamilton National
Hibernian B'k'g Ass'n
Home Savings
Manufacturers Bank..
Milwaukee Ave State.
Nat Bank of Republic.
National Live Stock...
North Side State Sav..
Oakland National
Peoples Trust Jfc Sav ..
Prairie National
Prairie State
Pullman Loan & Sav..
South Chicago Savings
state
Bank of Chicago,
stook Yards Savings..
Union Bank
Union Slock Yds State
Amer Trust to Savga..
Central Trust Co of 111
(JH izens' Tr <fe Sav Bk.
colonial Trust & Sav..
Drovers Trust
Sav..
&
K11 in table
Trust Co
Federal Trust
<fe
Sav..
First Trust <& Savings
Trust & Suv..
Jackton Trust As Sav..
K on wood Tr<fe Savings
nits' L'nAsTr Co
Illinois
J'ly '04
Nov'04
Sep '06
Sep '06
Feb'oo
Sep '05
Aug'05
100 Jan '04
Chio ago bo mt
City
66 4
106 1084
94
98 4
100% 100%
90
88
OutstandSurplus &
ing
Fronts
Stock
Chicago National
Chicago Savings
Commercial National..
80
100
08 4
BO
75
88
97
'.104
BO
90%
'I
;
,
27
37
40
"
27
1
>
I'VIl
sip 27 4 Sep 2a
784 Sep 2a
98
"s
Sep
Bep
ii
28
1
B*eu
So))
(ill
J'ly 11
Mil) 2.J
'.Mi's
'-'.-I-
3,350
1
vlouopolitau Tr
&
£av
Northern Trnat Co Bk
Royal Trust Co
Union Trust Co
Western Trust & Sav.
2,000,000 .$1,087,113
28,765
100,000
200,000
lb3,776
1,000,000 1,457.056
fc 500.000
k 66.8 14
2,000,000 1.803,231
3,000,000 1,238,721
50,000
3,865
3,000,000 3,656,960
200,000
14,458
600,000
8,000,000
100,000
500,000
1,000,000
600,000
1,000,000
100,000
200.000
250,000
2,000,000
1,000,000
50,000
50,000
200,000
250,000
250,000
300,000
200,000
1,000,000
250,000
200,000
200,000
t
27'i,S41
6,172,662
117.377
629,029
238,758
14;* ,968
1,045,565
162,906
:
4 Deo
IHvidenu tiecord
Jn
Jn
Per-
1903
1904
iod
13
15
8+5
12-J-3
"12*
263,238
971,602
1,307,291
5.273
49,587
16,777
fc'200,000
Jfcl76,7U
"§"
""§"
10
10
'"e
"0
6
15
12+3
JO
'j,
Oct
'05,
Ian
'05, 8
'05, 4
'05, 3
J-J J'ly
Q.J Oct
J.J
Q-F Aug
6
6
"e"
J'ly
J-J J'ly
6
J-J J'ly
Oct
Oct
Oct
6
7
1
4
New
b auk.
6
3
2
14
14
3
2
3
24
14
"05,
'05, 4
'05, 5
'05, 1
'05, 3
*05,
14
14
J'ly
Oct
Oct
Oct
Oct
'05,
*05,
'05,
'05,
2
2
1
2
191
Q-J Oct
Q-J Oct
'05, 2
'05,
1\
14
14
..
6
Q-J Oct
Q-J Oct
8
M-S
-,ep
'05,
'05,
'05, 5
Trust
<fc
Sav.
Bank
&
12+1
Jan
Aug. 10,190-1
'05,
'05,
'05,
'05,
'05,
'05,
'05,
'05,
2
'05, 3
'05,
'05, 3
New Bank
200,000
48,209
6
500,000
450,000
8
wi
I1A111
2,000,000 Merged
1,000,000
804,575
4,000,000 6,305,487 *16*
250,000
68,639
22.8S1 Began
200,000
3,000,000 3,709,7311
244,2t;;i
6
750,000
8
1,500,000 1,702. 10W
45'
6
600,000
698,120
1,000,000
"6
221.014
1,000,000
14.711 uegan
200.000
luolaxoil
4.Tan
Q-J Oct
Oct
Oct
6
y-j Oct
12
6
6
Q-J Oct
8
0,-J Oct
8
12
Q-J oct
1112
10
6+4 Q-J Oct
Priv ate Ba u k
Q-J Oct
6
6
68,958
113*8
79,244 "ii
175,819
8
8
34,294
5
661,287
6
98,279
21,264 Began M'ayl.
15,294 New Bank
2,044,355
912,582
Last J'aid
12
8
8
6
12
12,534
3,000,000
2,000,000
200,000
West'rn Mono Co
A-O
Note.— Accrued interest mu8 t be added to all
Woodlawn Tr&Sav Bk
price a.
12 ,v in Dec, l*oj, in stook of First Trim ,fc S^vtu^s iJi.ii.
lnoiuiles vooiil .Uviil.iii of
I Also pan
*
""*
P"? 068 no sales were made on this il*y.
* No price Friday-, latest pnoo this week.
f,L. °'L*^>,
b Due June, c Duo April
«_pJQe Deo. 3L
h Due July.
k Capital ami surplus to be inoreased.
1
Ang
k
;
ii
3
.l.lll
Aug
Mai LOO
155
stock.
103 4
104
103 4104 4
104 104 3«
98 4 Sep '05
94 4
tio
100 22,193
100
75
Bankers National
Calumet National
41014 Chicago
60
1004 Feb '05
984
98 4
16
21
100
1
Low High
99
103
103
123
F-A
J-D
J-J
78
81
79 Nov'04
80 Apr'04
106
106 4
94 4
96 4
90
90
J
J
A-O
M-3
High. Wo
January
100% Nov*04
80
new
l
i
..i
890
150
100
100
SA3US
Since
1004
F-A 994
M-N t9978
M-N 100
C
People'sGas L<& C
Refunding g 5s
Consol g 5s
J
J
si
1004J'ly'05
103 Aug'05
104 May'05
103 Apr'04
69 4 58 Sep 'Or.
104 4 J'ue'05
104 104'. 1044 Sep '05
974102
98 Feb'04
.M-N
J J
or
Last Sale
Ask Low
M-S
Commonwealth Elect 5b.c<194o M-S 105 4 106
Illinois Tunnel 6s
1928 J-D 195
KanB City Ky <& Lt Co 58.1913 M-N
Knickerb'cker Ice 1st 58.1928 A-0
97 3«
Lake street El 1st 5s
984
192s J-J
Income 5s
1925 Feb
Metr W Side El 1st 4s
1938 K-A
944
•
Mange
Week's
Eange
is
in 2
26
30 .Mill B
82 4 Jan
20 Jan 18
08 4 Jan io
U8't
2t/
I4= t
Do pref
Western Stone
36
Jan
7^i
2 1
-7'i
••
Sep2'i
.->:>
100
pref
8ep2t
Chicago Banks and Trust ComDanies
100%'.'.'.'.'.'.
J-J
J-J
100
loo
Lloo
,.
J'ly
04J
Box Bd & P ColOO 10,618
Chicago Bond Record
BOND-
120
10
29
;"."'
prel
Unit' d
)
CHICAGO STOCK EXCH'GK
WKKK t-NDI.M. OCTOBER 6
5o
100
63
Sep '05
100
Do pret
Muy'05 Page Woven Wire Fence
4
3
3,88
26
'05
23
•62
16
5 t>i
loo
loo
prof
200
6
".i"".r'i"y"Y,
100
100
100
01 -Hi western Kiev.. 100
Do
Jan
180
J'ly 13
Last Sale Wl^t J'ne'06 People's Gas L& O'kelOO
fullman Co
100
st Louis Nat St'k YdslOO
108 108 4i 1084 1084 Swift* Co
100
104 4 104 •104
105
rhe Quaker Oats Co. 100
100 100
•994 1014
Do pref
100
Un Stock Yds(So Om)100
Lastsale i«% Dec '04 Union Baa & P Co ...100
108
105
100
100
&
Ivans City Ky
Ll ..
Do pret
Metropol \V s Kiev..
Da prof
North Clue street
554 National Biscuit.
1134
Do pref
Last Sale 116
Last sale 5%
1084 108
103
•62
63
•100
21*
134 15
654
ltln
lot)
prol
Masonic Temple
Mtty'05 MU& Chic Brew'g
Last Sale 2
55 4
Ho
.Miscellaneous
Allis-Ohalmers
100
loo
Do prel
114
100
11s vin or lean Can
72
loo
Do prel
710a
106
106
133
135
100
Do pror
•55
5V
loo
Lmer Slupbldg
105
Sep '11.'
100
Do prof
198
.Mm Ml Amer T As S Bank
100
33
Sep '06 Booth (A) <fc Co
100
108
Sep '05
100
Do yref
06
Sep MO Cal As Chic Canal & D100
163
Mar'05 I'entralTrust Bank. .100
10
Feb '05 Chicago Auditorium
1
J'ue'06 Chio Brew'g & Malt'g
H
J'ly '06
•159
160 Chio Edison
100
49
4U Chio Pneumatic Tool. 100
135
137
104
104 Clue Title & Trust... 100
1404 14i>4
60 4
61 > Illinois Bnckt
100
Kans City Mock Yds. 100
J'ly'O. Knickerbocker Ice. ..100
34\a
7J?4
Apr '05
100
Do pret
I?
J'ne'04
9
Dec '04
LaslSale
Lastsale
LaslSale 47
554 664 5. 4
•113 1134 1134
""{:
lot'
97 4 South Siae Kiev
80
streets WStableO
99
Do pret
62
•98
60
'.'OS
71%
72%
66
•
29<,
V
96
St
67
Sep''b
B8<V
•10
•%
6'j
loo
56 4
'">
a
S
CO
135
.
-10
34
t
>6«
66% 67^
.38
•108
•54
•10
14
133
•
66
s
65
P8
29 "g
99
4
21'
100
By
Clno Union Troot
•634
71
•104
"103
10%
135
5? 4
<j
204
62
02
U
11
.
•6
•159
4 23
25 4
•72
•80
23
•08
11'*.
•%
Bfi
50
•in
88>i
.
70 4 70 4
•104 ..
133 183
•105
•54
874
73
'WW
03
4 8 4
.
.65
•
•25*b
•72
BS
'.
83*s
65
02 4
City
Paaa Ry
""04 fine
Uluc A u:ik Parte
904
"*6%
91
67
ibia
•
13 34
•
/.
60
4" "."4
"'•';.
64
21
•200
12
6
8
6
3.
Q-J
Oct" "'06,"
3""
LVd
Oct
?:i J'ly
Oot
SI
"6
Mayl, Too
\ug
'05, 3
'05, 3
'05, S
'0.),
3
6oi'"'o5,"i4
BOSTON STOCK EXOHA.NGTE-Stock
Share
Monday
Saturday
sept 30
Oct 4
— Not
I'ricen
Per Centum Pricen
Wednesday
Oct 4
Tuesday
Oct 3
STOCKS
Thursday
Oct
Mange
0/
Hange ior trevioul
¥earfiyo4)
year
lor
l'JOa
Sales
the
BOSTON STOCK
Fridaii
Oct 9
fi
Weekly and Yearly
Record, Daily,
Week
EXCHANGE
Highest
Lowest
Stiaret
Highest
Lo\oesl
Itailroniln
257
164
•'/45
no%
i7<j
•309
•29
74
104% 104%
257
•153
267
154
245
257
•163
245
90
90
90
90
•104% 105%
180
•
'309
...
•73
74
153
245
178
154
154
•245
179
180
309
28%
29
•90% 90%
90 H> 90%
89% 89% 89 Hi
104% 105% "104 % 105 Hi •104 Ha 105 Ha
257 257
267
257 257% 257 257
m%
28',
75
-73
.127H
127
74
Hi
127
245
179
179
154
245
179
154
....
179
Last Sal' 171
309% 309 "4 *28*
309
•28
•73
28% 28%
153
154
127%
Hi
Sep
143
•90
•94
•03% »5
95
11
14
14
14
56
58
66
56
24
24
208
•23% 24%
208
208
208
142
142
•90
•94
142
142
•90
•94
95
14
14
59
67
•24 % 25 "4
208 Hi 209
"9*6"
14
58
14
He
»208
•10L
*84
86
*60
•98
153
99
132% 133
•96% 96 %
•98% 99
•113
23
7
*26
28
139 139 3,
•138 3, 139%
138% 139%
37 % 38%
106
•60
99
....
99
84%
84H>
•101
•84
63
99
95*4
105
•119% 122
23 Hi 23'4
93 '4
93
•6
7
»26
23
139%140't
138% 139
139
38%
84%
85
•90i4
97'.
121
23% 24
•5
6
Hi
*248
•180
50
252 •248 252
182
181 181
50
50% 50%
3
87% 87 ,
88
88
196 197
*1S3 195
14
262
265
•9%
•108
•22
•11
255
*9 S
23 Hi 24
93 Hz
•93% 94
•6
*26
7
•6
27
•26
•121 122
2334 23 34
•6% 6
•250
182 183
27
197
121
121
23% 23%
•5%
^52
252
182
60
88
50% 60%
87% 88
.10
4
256
10
109
109
....
•22 ....
•26 Hi 26
•3
4
107 108
79% 79 »4
31 Hj 32
•25% 26
3% 3%
78% 78%
•107% 107%
31
258
32
•9 3,
182
50 Hi
88
197
r
14
256Hi
10
•I08 34l09
22
•25
94
57
25
67
207%
22 Hi
Ha
Hi
•3
4
•11
14
255 256 Hi
•9 34 10
108% 109
*22«9
26
•3
4
107 3
4
107
80
82
31%
31H>
82
32
37% 88% 3838 38% 38% 39
105% 106% 105% 106% 105%
-65
7%
84%
-55
14
97
86
100
(
38 % 39
843.
•9 "a 10
3%
4
8%
660
•95
100
8
39
41
-75
664 Hi
8%
55
15
3
107 ,
83 Ha
32
84-'.
66
99
132% 133%
•95% 96%
Last Sale
44
97
97
•83Hi 86
•95 100
Do pref
94
Sep '05 Amer Pneu Serv
94
8 Hi
40%
84% 86%
*9H»
4Hi
1%
25%
-16
•16
-16
•15
28
71
•14
71%
•57
0*2
-57
71%
71H.
14 Hi
14
•70%....
79
•115 lib •115
3% 3%
16% 17%
3
7 4
26 34
5
23
9Hz
1
73
4
264
6
23%
10
1
14% 14%
68 Hi 59
33b
49
4
1 78
27
3Hi
49%
l'l
27
106% 108
27
1
106 Hi
27
1
107
%
7%
2%
7%
7 7,
128 Hi 130
13 Hi 15
5 34
11
5
116
7%
26%
53b
•97%
1%
14 Hi 14 Hi
60
69
3%
4%
49 % °3%
l'e
g
28
27
107 Hi 109
26 Hj 27 Hi
3 Hi
107 -,
106 Hi
82%
82
32 Hj 32 Hi
4
106 Hj
80 Hj
32
4
107
81
32
J'ly '05
J'ue'05
136
-
1
37 34
10
47 %
5'8
11%
23
.
•67
-60
71 34
14 '4
80 Ha
US
803,
116
3H\
5-4
23
Ha
5H,
23%
14
80
80
•115
116
'05'
38H1
4
105S
Sep
'05
96
96
•83 Ha
**5
96
8
39Hi
9%
9Hs
40",
99
8%
40
84 34
•95
•90
670
670
id
16
66
250
170
632
419
HO
HI
2,135
33
75
123
925
273
7%
26
220
1%
108
7 Ha
2%
8%
9%
*
2%
27
108
26%
l'a
77
76Ha
76%
37
10
47
as
10
,.
47%
5% 6
5% 6
11
11% lOHa 11%
117 34 118
117% 118
2 Hi
2%
-% 2H,
7
2%
8%
133
14 Hj
*33
914
10
47
6%
10
118
2%
10%
1%
16 >4
14%
60
68
69
2%
27
109 14
27>4
14
107
Ha
4
3% 4
62% 56
4
Ha
7 34
2%
8 Hi
134
15 4
10
34% 34 34
77
37 '4
6
23Ha
14 3
J60
Ha 68
107
8%
2%
8%
15%
15
3
*
77
38
10
47»,
7
10 3,
119
2'4
26
23
10
Hi
1%
14%
58%
«334
25
2
Ha
2%
6
80 Hi Jan lo
H
11,266
2,145
21,393
4,931
9,385
19,780
25 li>»649
Granby Consolidated. 10 4,069
'319
26% Greene Consolidated, lo iuI'j^g
Guanajuato Consol.. 5
Isle Boyale (Copper). 25
23 %
10 Mass Consol
Mayflower
14 34 Michigan
58 Ha Mohawk
"A8o2
25 S^o
25 °'*io
25 6,877
25 g» 4 72
Montana Coal<fc Coke 25 .,?.800
2%
2 Ha
23
2% Wyandot
tBelorepay'tofasaess'tscaUedinl905. tiBelorepay'tof assess' ts called in 1904.
'
iiul
aud asKed.
:1
Ajir
3
70%Mar30
25 % Mar 1
215', Sep 21
J'ne
Nov
Dec
JaD
Oct 5 73
186%J'nelu 170
95
Deo
88
J'ne 175
11 ', Sep
24
52', Oct
80%
Api 23%
5
Apr
Jan
Jan
Nov
185% May 199 Oct
Aug 163% Apr
222 Jan 232 Apr
198 J'ne 207 A pr
74 J'ly 80 % Feb
68 Mai 79 Ha Nov
29 Aug 73% Deo
167% May25 159
May.'3
Apr 26
.'33
212
102
87
72
17
29%Aprl5
Augl4
8
Feb
42
95% J'ly
116%Xov
97% Deo
173 Nov
93% Deo
114
17
Dec
% Feb
43%D(-c
146% Deo
12% Apr 24% Deo
Jan
71
Deo
87
6% Nov
3% Feb
Jan
Apr
Jan
lo
7%
5% Jan
6 230 Feb 265
17 al51 J'ne 194
61%Aug:U
88% Mayl2
Apr 29
2 Jan
140% Apr
4
2% Jan
9
Oct
l%Apr
Feb
118
JanlO
17
258
36 Dec
77 34 Mai
173 J'ne
25
5,985
^ew
.tooic
Deo
Aug
Nov
44% Aug
84% Oct
200 Nov
2 34 Nov
141 Nov
%Oct
4
Jau
Oct
17
J'ly
Mar 243
Nov
8
2 208
8%Janl2 10% Feb 23
U%
2Hi
Augl6 276 Jaii 285
Marls 133 J'ne 142
Sep 30 24% Jan 57
H
7 34
5%J'1»
6% Jan 9 Nov
Jan 5 £99% Mar 113 Oct
Jan 18 22 Dec 22% J'ly
Aug23
4%Aug23
115
90
Feb 20
24 % Oct
26
Jan
5
2
Feb 113
95
Nov
Oct
J'ne
Aug 8
34% Aug
14%Janl6
20% Deo
"a May
Jan 103 Dec
10% Feb 34 Nov
40 % Jan 99% Deo
39 Oct 3
8% May 33 Deo
105% Oct 4 5 1 ^a May 95 % Deo
67 Ha Jan 26 5J Apr •75 Jan
22% Feb 6
6% J'ne 23% Nov
104 Feb 8 76 Mar 101 Leo
92 Mar 9 75% J'ne 93 Deo
99 Mar20 1 90% Aug 100 Jan
lll%J'ne2b
77
65% Sep 25
117% Apr
f2%May26 t9%Oct 6 75 Aug 7% Nov
Apr 24 41 Oct 2 i3% 6 Mai 21 Nov
Jan 25 89% Apr 14 43 Feb 82 34 Dec
8 Feb 14 Oct
8 J'ne21 12% Jan 5
15% Feb 29% Nov
25Ht Mayjl 31%Aprl2
1
May 2 5% Oct 6 •25 Feb 3 Nov
2
1 % Nov
Sep 27 2U i'
45 J'nel5
Fe
7
22% Nov
12%May22 2o%Oct 6
3« Nov
Max
38
35%
17
19
Apr
28 May22
•50 May 6 95
Oct 5 39 May l 3 ieNov
7 % Nov
6 Oct
5% Jan 26 9% Oct 4
695 Feb 20 135 Jan 700 Nov
601
J'ne
•15
•05
•25
Apr
•10
Nov
Mar
1
Maris
16%Mar22 29% Oct 3 <(11% Feb 1 32% Nov
8%Janlb
6 % Sep y
6% J'ly 10 May
30 Mar24 •75 Maylb 20 J'ly •75 Jaa
Feb 74%Nov
83
38
Mar
Jaii
14
64
25
10 34 Aug 36 Jan
11 % Mar3o 18% Feb 15
J
60 Janlo 86 4 Mar31 40 J'ne 72 Jan
113 Jan lo 117 Mar25 103 J'ly 116 Nov
4 Oct
1% J'ne 4 Nov
2 May2b
J'ue 15 % Nov
7
8 Apr 29 19% Oct
8 Oct
2% Mar 5 U 16 Nov
5 Jan 4
20% J'nel3 30% Apr 10 20 Oct 34% Dec
3 Jan i
7% Aprl8 •62% Feb- 6 Deo
b%May 35% Nov
17%May23 28 34 Jan 17
6 May2d 13% Mar 13 d 3 Feb t9 % Deo
J'ly
2 Nov
'70
45
Janlz
1%
J'ue27
3% J'ne 11% Deo
10% Jan 9 15 >4 Marl 3
48 May 1 61% Ang24 34 % Feb 67% Nov
2% Jan
6% Aug
5% Jan lb
2 J'ly 6
34 Augls 58% Oct
18
70
1
1
',
'
1
.
lSVJJ.olV
56 3, North Butte
25 1 7.234 76 May29
2% Old Colony
3,190 23 Hi May 1
27
27
Dominion
25
27
Old
27
108 109
25 ".940 88 Feb 9
108 Hi 109 Osceola
27
27
26 Hi
27 Parrott(Silv<fc Copp) 10 1»386 22 J'nel2
25 °.01o 50 J'ne22
1% 1%
1%
lHa Phoenix Consol
370 95 May 4
107 Ha 107 Ha 106
25
108 Qnincy
1 Hi May 1
7
8' f Bhode Island
25 34,442
7Hi
7
940
1 Ha -May 8
2%
•2HJ
2H, Santa Fe(Goid<fc Cop) 10 „
I"*
13,9i
1
6% Feb 6
8
8
10
8 Shannon
7Ha
130 130
26 1»139 101 May23
126
130 Tamarack
2 " Feb 3
14>4 15
25 38,381
15% Tecumseh
Last Salt io% Aug'05 Tennessee
25 ••• 24 8 J'ne2u
3
7% Jan 26
11.0^7
25
9
9%
9>4
4
9Hi Trinity
9 Mario
34
100 o,b70
34% 34
34% United Copper
•76
17o 75% Aug 1
77
100
Do pref
76%
76%
3
21
Jan 25
10,701
37% 37 4 37
37 Hi UmtedStates Mining 25
9>4Apr 6
10
10
615
10
10 Unit States Coal &O1I 25
47 '4
47
5 6,939 39% Mar 1
Utah Con (Gold)
40%
47
26 12»119 Cl May 19
6% 7%
Victoria
7
6%
9%May22
lu%
10>4
10%
25 2,79,0
Winona
11
119 119
578 105 Jan 4
25
119
119 Wolverine
2\,
63%
100
148
295
Mar22
82%Ai,rl3
182 Marl" 136 J'ne 154 Oct
132 Feb > £116% J'ne 127 Deo
189 34 Mar25 :mij j'ne 186 Nov
167 Augli L60 Apr 162% J an
Jan 3 96% Sep 18
4%Aprl3
1
8
3%
19% Jan
86
1
721
<
6
5
Aug
114
23
27
193, Franklin
7%
.
310',
35
>•
Jn:C
Hi Dec
Mai 242% .Nov
Aun 175% Oec
Apr 171 oct
1-eb 303 % Dec
1
Feb 14
Feb 6
Jan 19
Mar2d
67% Aug25 40 Jan
93% Jan 9 102 aep
87 % May
113 Jan 6 138% Aug24 71% Mai
95 Sep 11 101% Feb20 86% Mar
172 Jan Is 175 Mar 2 160 .May
93 Jan 3 102 Sep 11 89 Jan
112 J. 111 3 117% Apr 28 103 Jan
3l%Sepl;> 16%J'ly
21% Jan
55 Hi Augll 60% Sep 13 37%J'ly
146 Mar20 147 Mar28 143 Dec
2335 33 4Jan
14%
17
23 3, J'ue 251
65
Marl
30
185%.Mar 14 158
>
175
Apr
112 105 Feb 24
100 18 J'ly 26
20 25 May23
Do pref
26
2 % May25
360
Union Cop L'd & Mg. 25
622
103 Apr 29
United Fruit
100
Un Shoe Mach Corp. 25 3,408 67 J'nel5
691 31 J'ue3u
Do pref
25
34J'ne 8
U S Leather
100
100 •a Jan lo
Do pref
100
34% Jan 1
U S Bubher
100
98'8 Jan 5
Do pref
100
U S Steel Corp
loo 13,590 24%May22
91
May22
3,876
Do pref
100
West End Land
25 ""20 •40 Mar30
14 Sep 29
West Telep & Teleg.100
154 95 Oct 2
Do pref
100
20
Oct 2
82%
Westing El <fe Mfg... 50
12 91 May 2
Do pref
60
Bonanza (Dey Co)...
BostonConC&G(rct8) £1
Calumet <fc Hecla
25
4
68% Apr 28 Z137 Feb
249
14 x242 J'ly 15 257
49 169%Mav2. 191
219
900
Catalpa (Silver)
10
13,160
25
29 Centennial
25
Sep '06 Central Oil
Cons Mercur Gold... 5 4",G26
-58
7 2 Ha
Hi
7% 7 '6
25% 26
1%
1
•57
16% 17
1-4
14Ha
109 109
26 Ha 26 Hi
14
1%
68
3
,
26%
14 Ha
5
23 Hi
10
6OH1
63Ha 68>4
2
2%
27Hl 28
8
28 Hi
5 Hi
1
1
Mai 89 ', Not
Jan 101% Sov
64
88
205 20 Jan
30 J'ne22 17 Feb 27%.-ep
Mar 2 122% Feb 152% Nov
7,463 l3U>*May23 149
24:2 132
May2 140% Aug23 122 Ha Jan 141 Nov
1,39 137 May23 148 Jan 4 119% Beb 149% Nov
9 Feb 21% Nov
7,04* 21 Jan 23 40% Apr 18
667 92 % Jan 3 109 MarJl 68% Jan 94% Dec
3 '4 Marl 3
4 34J'ne 9
3 .Nov
4 tep
"390 116 Augl7 124 Jan 6 112%Jan 122 34 Dec
2,250 17 Jan 21 24%Marl6
7% J'ne 19% Nov
72 3 Copper BangeConColOO 18,515
999
20
14% Daly- West
295
•79% 80%
Dominion Coal
100
'"
LastSale lis
Do pref...
100 r
3ep"'0fi
7.400
Elm Biver
3^ 3',
12
3%
4
73
23 3,
10 Hi
5
14%
4%
-60
72Hi
22 34
10
59*4
3%
Ha
173,
J
28
LastSale
9 Ha
9% May
1"
25 10,308
25 18,183
Amalgamated CopperlOO 20,080
Am Zinc Lead & Sm. 25 300
6/6
1
252 95 '4 May23
10 161 Oct 4
232 Jan 24
60 205 Ha Jan 5
105 79 Jan 9
54 77 J'ne27
60 60 Apr 13
15 Jan 13
200 60 Jan 5
9 Hi AdventureCon
40Ha Allouez
•90
9%
28%
•08
3 1,
16H,
16 H
10 3
34 H.
47%
14Si
10H
1%
6
•60
lOSi
*1
",
H/
'05
16
665
72% 73%
3»4
17% 18%
7% 7%
26Hi 26%
34
38%
104% 105%
Last Sale 50
•75
9'8
670
•67
73%
343,
10
38
'16
•33
9 34
8%
670
133 J, 135
36
•70
•70
•5Hj
107
•33
834
34
•76
37 Hi
10
47
38%
104 3
14
'
Apr
261
206
NE
3S'4
85
20
9
105% Sep 21
US5^J"ne2o
1
Feb 6
5,398
126 133% Aug22
1 Feb2i
10 Jan 6
882 230 May23
85% 85o,
85 Ha
•9
9Ha
9
9Ha
9
9
LastSale 19 'a Sep '05 Anaconda
4H
3% 4%
5% Arcadian
4H)
4Ha
1% Arnold
1% 1% •1% _lHi
1%
28 3,
26
25 34 26%
23
28% Atlantio
313
32
4
313g Bingham Con Min& S
31
31%
31H,
27% 29%
106% 107
2%
7%
8H
39
40%
86%
85%
»6Hi
1
8%
2%
8%
670
8%
28% 29%
1
8
H.
115
3%
18
16% 16%
116 Hi 116 H,
2%
26 Hi
....
23% 2 ±
10% 10%
131
8% 8 34
33*8 34
76
7%
1
7%
2%
•76
87
10
47
3Hl
17
14
i
32 Hi
27 Hi 28
*6Hi
l7
263,
-70
8H2
669
6>4
•6H»
••66
-67
4%
Hi
670
29%
11
8%
31
661
•15
..100
1
Last Sale 110\ Sep
38 34 39
105 Ha 105 %
'.
Jan 1;
Jan 18
13HaJan 17
63HaJan 17
150 Jan 13
121 Jan 9
1*6 Jan 4
160 Ha Jan 19
285 Jan 12
142 Jan 3
59 Ha Jan 16
86 Jan 4
175 Jan 24
13% Feb 11
55 ', Feb 11
171
!05
MisceilaneoiiN
Amer Ajrricul Chem.100
21
94
77%May20 93% Mar
99 Ha Ji'ii 2"
72 264 Jan 3
37 153 Aug 8
22 Z241 Mny2.
239 zl72 J 'lie
3
WoicNashife Boch.,100
50
Do pre!
26
2HHa
50
142*4
i'41%
141% 142% AmerSufrarRetin
100
Do pref
139% 140% 140 '4 140 ,
100
139 139 Hi 138% 139 Amor Telep cfe Teleg.100
37% 38
37%
37\ Amer Woolen
100
103% 103% 102% 102%
Do pre!
100
Last Sale 4%
ne'Oo Boston Land
10
121 121
121
121 Omnberl Telep .fcTeYlOO
23% 23 H) 23 Hj
23 Ha Dominion Iron <fe St.
East Boston Land
5% 6
•250 252
Edison Elec Iltnm...lOO
250
251
180% 181 Hi
__ General Electric
100
50
51
61
51
Mass'chasettsGasCoslOO
Do pref
88
37% 88
87%
100
197
Mergenthaler Lino.. 100
h
Mexican
1%
lHa
2%
Telephone.,
lo
*
i
137
Telephone
137 137 Hi 137
100
Aug'05 PlantComt'ststkcomlOO
Last Sale 1U
LastSaie l3 L4 Sep '05
Do pref
100
251
254 255
251 PnllmanCo
100
Sep '05 Beece Button-Hole
Last Salt 9 Hi
10
Swift & Co
108 109
100
Torrington
•
Class A.. 25
*22Ha
'"..'...
3%
424
.Hilling
8%
8
•60
-76
N Y N H & Hart.. ..100
Northern N H
100
Norwich & Wor prelloo
A.pr'05
Last Sale 1.3 Ha
Last Sale lll^n
55
•14
15
*y5
97
84Ha »4Hi
•96 100
393*
2
2
26Hi 27
31 Hi 32 Hi
•70
8%
8%
84 Hi &»%
•9Hi 10
3*8
2
2
26Hl 27
31% 31Hi
•70
15
97
82% 82%
7»
15
-
•14
95
pref
Mexican Central
•26
26
107 34
106
14
97
•83
•96
Do
25
209
LastSale 55 Hi Sep
•
100
100
100
100
100
100
100
100
Do pref
100
Kntland pref
100
15
J'ly '05 •Savannah Elec com.. 100
Seattle Klectrio
100
Do pref
100
132% 132 34 Union Pacific
100
Do pref
100
1 7i'l' Se'p" 06 Vermont* Mass
100
99 Ha
99% West End St
50
113 Ha 113 \
Do pref
50
Sep '06 Wisconsin Central. ..100
31 %
<>w%
bep '05
Do pref
100
Last Sale 0%
7
38% 38% 37% 38%
103% 103 Hi 103%
197
•63
99
•23
93 Hi
141% 14314
139% 139%
139 139%
1403, 141't
138 3, 138 34
139 139 Hi
•11
rta By<fc lilectric
"it'i"
Pere Marquette
.
23% 23%
•93
14
109
1U1
-
1% 1%
1
I
1% 1% •lHi l n<
136% 136% 136 Hi 137
136% 136 34 137 137 Ha
•1% 2%
•1% 2% •1% 2% •IHj 2 Hi
•11
'06
94
99% 99% •99
lisHaiYa
110%
Last Sale
Last sale
Last sale 147
:rl03%103% 103
121
23 % 23 3,
•5% 6
139 Hi
38 34
....
101
03
63
99
99
133 ',134 Hi
96 34 97
133% 133% 133% 134
9o s4
Do pref
Okie Juno Ky& U S YlOO
Do jiref
lou
Do )>re£
hast Sale /S.5Hi J'ne'05 Maine Central
14
14' Mass Electric Cos
1 4 ',
14%
95
Last Sale
•60
•98
99
99% •98
113%113% •113%
•93%
•6
86
65
•101
98',
114
28
101
100
loo
loo
LOO
Do pref
100
Boston <fe ProviduncelOO
Boston&Wor Eleo Cc
Last Sale }33
Aug'05
208 Ha 208 Hi Old Colony
208% 208% *2U8Ha209
208
20S
101
•84
65
*9l"
209 Hi
164
•24% 25 "4
161
100
Sep '05 Conn & Pass Bit pref 1 00
Ang'O" Connecticut Bivor...loo
FitchDnrg pref
100
142
•57
57 H
•24 Ha 25 H>
203 209 Hi
164 Ha 164 Hi
68
2<>9
142
•90
95
Santa FelOO
Con& MontClass4..1oo
187 187
1, a$t Sale 166
*
<%
nref
Boston A Albany
Boston Klovated
Boston* Lowell
Boston & Maine
267
154
245
179
Sep '05
127>4
•
Last sali 300
*L4'->
Do
"28"
•28
29 Hi
73
73
ait
I.
Sate 18U
74
89 Hi Atch Top
2% Oct
Aug
2a
4
1
J'ne
9 % Feb
•50
53 Feb
2o% Feb
2'4Nov
29 -4 Deo
98 Nov
109% Oct 3
33% Nov
30% Aprlo
3% Jan 14 d-50 Aug to Nov
118 Jaul/ 80 Feb 126 Nov
8%Oot b 50 May 3 Nov
3
9
140
J
an IS
Jan 3
Marl4
16% Oct 2
JanlO
13% Feb 1
38 Ha Aug29
31 Aug25
35
38
H2
Sep 22
l%J'ne
3% Nov
3% Aug 10% Nov
May 140 Nov
4% Nov
Nov 43% Deo
334 Mar 18% Nov
6 Mai
6 Mar
85
•25
J'ne
31
18 Jan
8 %'Jan
30 Jau
2834 Deo
12% Nov
47 Nov
% J 'ne 6% Nov
15 "a beb21
5 Feb 13% Not
128 Aug30 69 Jan 110 Nov
Feb t3 Nov
50
2% Feb2l
l%J'nel2
ll 3, Jau
47% Oct
t7%Oct
5
2
5
2
fAsa'tpaid. ^Ex-nghts. aEx-div.<fcwigb"
«
5
Oct.
5
"
1
.
7 1905.1
2
Ristnn RnnH
-
Price
Week's
Range
Friday
Mange or
Since
Oct 6
Last sale
BU
Am
Boll
Am
Telephone 4a
A
Tel coil tr 4a.
Telep
A toh Nebraska 1st 7s..
AtcliTop A.- 8 l'i' ucn g Is..
J'ly
Adloatment s 4«
A
1st
"II
A
&
Liowell 4s
A Maine
improvement
Boston
Si»
-1
ASk
iuo
%
95
MS
I
AW
>-..c-
100
Sale
06
l07%Se;
LOaii
104
1044
117
J-.l
FA
M-N
FA
Best A Mod 8d
H"ston Terminal 1st 8%a.l947
191s J-J
15. ir A Mo Riv ex 6a
1918 J-J
Non-exempt 6a
loio J-J
suiking rand is
1917 A-O
Butte A Boston 1st 6a
Cedar Rap A -Mo B 1st 7s. 1016 M-N
1009 J-l)
.
7s
Venm 1st g 4s. .May 1920
OlucBurl A Ij extend 4s. 1006
1010 A-O
lowa Div 1st ">s
1010 A-O
:i DlV 1st 4s
1913 M-N
Debenture ;>s
1038 F-A
Denver Extra 4s
1927 M-N
Nebraska Extra Is
1021 M-S
:;*sw 8 t4s
1040 J.J
IlllnoisDiv3%s
Northern
-oint bonds See Gt
-J
Cino Jo Ry A Stk Yds us. 101
CoU trust relundini: g 4al040 A-O
Cu MU A St 1' Uul) 1) 6s.. 1020 J-J
Cli M A St P Wis V div Gsl920 J.J
Chic A No Mich 1st gu 58.1931 M-N
Chic A WMich gen 6s. ...1921 J-D
Concord A Mont cons 4s.. 1920 j-n
Conn A Pass It 1st g 4s... 1943 A-O
1927 A-O
Current River 1st 5s
1st 4s... 1046 A-O
CetGrHapA
Dominion Coal 1st lis
1918
1006 M-S
Eastern 1st gold 6a
1016 M-S
Fitchburg4s
1927 M-S
4s
i remt Elk A Mo V 1st 68..193S A-O
1933 A-O
Unstamped 1st 6s
b t Nor C B A Q coU tr 4s 1 921 J-J
1921 Q-J
Registered 4s
128
Ill
Si
Si
06
107
k,
C
'(I'J
99% Sep
96% Sep
'05
'06
107%
I
).
100%101-b
Oct
•85
87
86
•110
110 Si 1
26
26% •26
*
•88
66%
66Si 67
88
<,liit|ii
1
25*4
''Q
89
89
66*% 50S2
28 »«
28T
llSi
ll 1*
•17
18
107
107
72
Wednesday
Oct*
86
110 34 •108% 1
26% 26
26%
00
00
90
67
67
67
1
fi
47
50
•62
St
«7 J4
25
4
109 4
l
102Sl
08 100
10734 100 Si
10134 103«,
103 »b 10 J »s
1 0.-34
108
139 140<%
130 140%
03 102
98 1013s
all
07 St 09%
24
24
50
50
•62
08%
26%
Thursday
Oct 5
ii-iday
Oct 6
Do
Do
28%
9
28 \
01»ie 625, „
47 -,
0'
Si
98
08
27% 27%
48%
48 J4
9t 1fl
28'c
9
1(.
*27%
61
6l*B
61
°«
46% 46%
49% 40%
47%
.0
62 %
07 Si 97%
27 Si 27 Si
02'<
62
07
4
97%
^>,
Si
27%
27
PHILADELPHIA
Ask
S"«
7ii 3 is 723s
28
28
61%
47
40% 60% M938
62% 62 <% 62 %
50
63
3%
S 11 ,!?
7i% 717a
48% 48%
5
60%
P
49
121"
&
Che D Can 1st 5s '16 J-J
Choc& 3to 1st 5s 1949 J-J
Ch
gen 5s '10 J J
Col St Ry 1st con 6s 1932
Con Tracof J 1st 5s. '33
E
1st 31 5s 1920 M-N
Llec <fc Peo Tr stk tr ctlH
Eq II Gas-L 1st g 5s 192s
<fc B Top con 5s '25 A-O
Indianapolis Ry 4s. 1033
Uk&G
10
Easton Con Electric t 50
i-lec Storage Batt....lO(
K3
N
85
Preferred
100
&A
Gennantown Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
H
Indiana union Tr
100
Insurance Co of N A.. 10
26*6 26% Interstate 4s 1043 ..fc'-A
inter Sin Pow<fc Chem.50
32
3.4% Lehigh Nav 4%8 '14.Q-J
Keystone Telephone ..50
13% 14
RRs 4s g
1914. y-K
Preferred
60
25
Gen M 4%s g.l924.Q-F
Kt-y.1toneWatchCaae.lo0
Leh V C 1st 5s g '33. .J-J
Lit Brothers
14
16
10
Leh V ext 4s 1st 1948. J-D
M-s
Little Schuylkill
50
2d 7s 1910
Minehill & Schuyl H..50
J-L
Consoles 1923
J-D
Annuity 6s
N Haven Iron <fc Steel.
2% 2*4
Northern Central
50 110 110%
Gen cona 4s 2003. M-N
North Pennsylvania...".0
Leh V Trac 1st 4s '20. JPennsylvania Salt
New Con Gas 5b 194* J D
60 106
Pennsylvania Steel. .100
Newark Pass con 5s 1930
Preferred
ln3
luO
104
NY Ph<& No 1st Is SJ J -J
Phila Co (Pitta) pref... 60
Income 4s 1939... M-N
48% 48%
Phil German <fc Noma. 60 157 3«
Noulno'i'rac. con. s'i '..J..i
Phila Traction
lOU% No Penn 1st 4s '36.. M-N
60 100
Railway* General
I'cnii gen 6s rl910..Vai
10
3% 4
Susqueh iron & Steel. .6
Consol 5s r 1919. ..Var
1% 1%
Tidewater Steel
Pen A; Mil Steel COD 6S.
2
10
1%
>
0034
Ter 1st 6s 1026. J-D
Berg<fcEBrwlst68'21J-J
Betide Steel 6a 1998.Q-F
Balls
Steel.. 10
Preferred
104%
.
109
100->4
Nevl
a
123<
RH<k 0..10G
4
u
Unit 1'ow & Trans
United Trae Pitts
Prelirreii
25
60
50
steel. 10
Warwick Iron <&
West Jersey & SeaSh.50
Westmoreland Coal
50
*
;
1
1
Pa <fc N Y Can 7s '06. J -D
Ao
Con 68 1030
A 1;
Con 4s 1030
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4h '4.;
Ms
6%
69%
•Vl
71
1
PCol»t«fccoltr5s'40
Con&coitris 1051 31 -N
Phil Elec gold trust ctfs.
Trust
Bid aad aaked prices; no sales on this day.
ct-rtifs
'4
114% 114 34
152%
101°e 10l 34
116
102% 103%
ioo%
1,
Ex-rlghla.
1
196
2.013
1,046
Bid
1
5
'4
.....
118%
109%
1
03
'.
lo:j*4
110% 111
io5% 106
100*4 101
112'
M
31 4s g '47. A-O
ot '82 4s '37.J-J
104
5s '97 J-J
6s 1930. J-D
Pret
100
Atlanta <& Charlotte.. loo
Atian Coast Liue RR loo
Allan Coast L (Conn)lOO
Canton Co
100
Cons Cot Duck Corp. ..60
Preferred
50
Georgia Sou <fe Fla...l00
1st pref
100
3d pref
100
G-B-S Brewing
loo
3750
paid,
t
17»4
26
084
101
101
IO334 10334
106
106
S«
1102 B I027g
124 '4, 125 Si
103 103Si
Mat '02
97 100
104 St 107 Sj
107 Feu'o;;
hlOoSi 11105 s
1105>sl0iJ 7g
134
134 4 Sep 'o5
110^4 Aug'05
98 "
1118 Hi
1102 S)
S3
08»b
102 St 103 Sj
IO534 J'ly'05
IO534 106 Si
102^
102»8 102"-8
103
103 St
103 105 Si
Sale
103
9
103
102»8
103 Si
104 \
Si
104%
94' 1194 Si Sep '06
109 <% Aug'06
04'-,
and asked.
1101
Tj04Sl
109«8lll>4
H Flat price.
Weekly, Yearly
Daily,
Mange
1U38
107Sjll4Sl
OS''.
103 S3
109 Si
Uange
Year
lor
lor Previous
Year(lU(J4)
1905
Lowest
Highest
MaylO 90 Apr 13
May 2 5 10 34 Sep 2:1
1
Jan 16
26%J'ne30
Mar23
00
Si
Ryoon5sl932 M-N
Imp 6s. 1032 31 H
Ixiwest
Highest
67% Jan
J'ne
86 Deo
100% Deo
5 34 J'ne
16% Deo
71
J'ly
47% Jan 24 67% Oct
12 Si Apr 24 18 31ar
5
Jan 3 54% Apr
4
43
3
18% May 26 5s
7 34 Feb 1 1 %
6%J'ly 14 %
20 Aug 44 %
2434 31 ay 2
29
10% Jan 25
12»8
'4
Oct
a
FeU20
Oct
Dec
Nov
Nov
33 34 Feb
69% Doc
2%3Iar 4 % Nov
55% Mar 70 Deo
*7 r 8 Ma>
43 s8 Oot
>
J 'lie 6 125-' 1,.
May 19
Aprl8
Feb2h
Jan
19 34 Oct
Jan
58% Mar
90
20
Nov
51
J'ne
May 1 10% Dec
8 Jan
10 Nov
19% Mar 41% Deo
38 Mar 46 Deo
28 Mar 42% Dec
45 b4 Jan 50% Deo
May 108 Deo
81
42
9 505 18 sep29
9
Ask
106
126
127
103%
1033,
101
102
100
88
63
8
it
AM
1
17
||5
t
IIOKK
22
Mid
Jhas City Ry 1st 5s '23 J -J
Chas Ry G <& El 5s '09 M-S
Charl C <fe A ext 5s. '00 J-J
1910 A-O
2d 7s
City & hub 1st 5s. .'22 J-D
J'ne
Ask
"69%
"h8%
"7"6"
102
93
425
93
City<fc
63
06
450
13
13%
33% 34 Si
Sub(Was)lst5s'48
106
C09A.& I Ry lst5s'20F-A
Col<fcGrnvlst68.1916J-J
Cousol Gas 6a. ..1910 J-D
5s
1939 J-D
la it Ala 1st con 6s '45J-J
(ia (Jar
108 %
116
112%
....
115'.,
115
& N 1 st 5s g '29 J -J
Georgia p let 6s.. .'22 J -J
UaSotk Fla 1st 5s 1945J-J
G-B-S Brew 3-4s 1961M-S
2d income 58 1951 .M-N
Knox v Trac 1st 5s '28A-0
DakeR El 1st gii.".s'42M-S
.MetSt(Wasli)lMt5s'25FA
3lt Ver Cot Duck 1st 5s.
Incomes
Npt N<feOPl8t58'38M.N
General 6s
1011 .M-.S
Norlolk St 1st 5s '41. .J-.l
North Cent 4 %s 1925 A-()
series A 5s 1926
J-J
Series B 5s 1026
-J
Pitt Uu Trac 5s 1997. J -J
Poto Val 1st 6s 1941.. J -J
Sav FlacfcWest5s'34 A-O
seaboard A L4s 1960 A-O
1
(2
8 34
95% 96
1
9%
Seal)
& Roan
South Bound
105
102
o:;--,
96%
100'
32
119
*82% 83
97"
"o'i
120
120
1
1
6
Si
S'.'v
80»4
03
66 %
66'4
5s 1026../ -J
lsl 6a..
A
UElLtfcPlat4%a'20M-N
Un By<6 Kllst 48 '49 M-s
1-D
Income 4s 1940
Va 31nl 1st 6s 1006...Ms
series Os 1911. ..M-S
3d series 6s 101i;..M-s
4th ser .( I 5s 1921.
5th series 6s 1020. M-s
03%
Va
118
I22"
11.;
£20 paid
MS
(Slate) 3s
Si
61%
2<l
'
Ball Tilling 6s. ion; m.n
Exchange 3 %h 1930 J-J
Bait AsPlHtOsin I'll A-O
Ball Trac 1st 5s.. "20 M-N
No Bait Div 6m 1042 J -D
Convertible 5s. '06 3I-N
i
H(|34
1734
102^103
10i)'4 Eeb'06
100 liec'04
100 Deo '04
104 "4 J'ue'04
U027B j an '05
124 1*Sep'05
103 Sep '05
104 »8 Salb
Lis" 116%
q)10 paid,
'4
102Si
04
16
;'
Atl oast L(Ct)ctls 5s J-D
Ctfs of mile ot 4s
J-J
B-20 yr4s 1025
J-J
BullC Pass 1 st 5s 1 1 M-N
4
Aug'05
Ang'OB
'4
70»o
24
00 100
99<% J'ly'O".
106Sil07Si 107 Ss Sep '06
133
104%
$15 paid.
80',
102
Anacostia & Pot 5s
Atl<fc Ch lat7...1907 J-J
Atlau C L RB4B1 06231 -S
Ext<fc
101
'(l{
75 J'ni'o..
102 S: Aug'01
Osi4
VI 8 sJ'ly'05
101
K)2«hJ'ly'05
103 34 Apt '05
103
Bonds
Cent'l
73
'05
(
68gl911....J-D
Ex Imp
(
1
7- 3«
4s
3,;;«l
BALTIMORE
88% 89
Innctive StocltN
62% 63% Ala Cons
Coal<& Iion.lOo
116
1
Mm '04
3.J40
3
J'ue 1
5 34 Jan 17
3,422 65 l3 ,e May22 73% Aug23
16,700 40->4 Jan 25 48% Oct 5
6,233
8
J'ne 5 12%Apr27
2,650 tl7 34 Jan 4 {36 Apr 17
47,234 39=s Jan 13 62%Aug24
116 45 3Iay20 47% Aug22
Wlk8-BG&Econ5s'55J-J
II
10
of
,124
Sep
17% Jan 27
30o
49 Jan 26
5,49-4 14% May24 25%31ar 4
l,3/o 100% J'ly 3 112 Augl'2
41,748 52% Jan
75% Oct 2
CouM
f
IligK
102
102Sl
Nov'O-i
SO^
Si
I0H9
M 4s g 1920. .AdtO
s
'4
118
08 Si 90
100 Si
Ph <fc Head 2d 5s '33. A-O
Con 31 7s 1911
J-D 117 J 118
Welebach
101
Sep
h
17»4
10 Jan ii
38 \ J'ne2o
<
107
'
S3
100 103
10 7 Si 108 S»
_2Sil26«,
07 S) 90S)
11434
03
0*3
105
03*e 100 S§
1043.4
13 78
24
830 48
43,851
1,393
U Trac Pit gen
-
Preferred
A
W
1
Tonopih Mining
2,473
PHILADELPHIA
& E gen M 5 g '20. A-O
Con
100
100
Week
P
<fe B col tr 4s'21.J-J
Roch Ry<fe Leon 58 '54 J-J
U Trac ind gen 5s' 19. J-J
Un Rys Tr ctls 4s'49J feJ
'4
81
latest bid
Sales
the
Terminal 5s g 1941. Q-F
118%
1
101
80
of
1st pre!
2d pref
100
Ry Electric.. 50
Gen
5% Al Val R ext 7s 1010 A-O
AmRysconvSs 1911.J-D
49% At! City 1st 5s g '10. M-N
6IS1
1
120
J-J
J-J
J-J
;
I.010
07 "s Sep '11.)
Bep'06
09 '« Sep '05
94Si8ep*05
llM',
Si
*,
E-A
M-S
M-N 102%
F-A
Shares
Philadelphia
American Railways.... 50
Cambria Steel
50
Electrio Co of America 10
Gen Asphalt tr ctls ....100
Do preltrctfs
100
[^ake Superior Corp
1 00
Lenigh C A Navtr ctfs. 50
Lelugh Valley
60
MarsdenCo
IUO
Pennsylvania RK
50
Philadelp'a Co (Pittsb) 50
Philadelphia Electric*. 25
Phila Rapid Transit'.. 50
Reading
50
Do 1st prei
50
Do 2dpiel
60
Union Tracton
60
United Gas I nipt
60
WelsbachCo
100
A sic
Mid
Si
M-S 10078
M-N
98«» sale
price Friday
High
Sop '05
120Sit;ep'04
101
100
4 83
84 09
50
100 3,508 21%
100
48 83
Seaboard (new)
89 34 89 34
67%
67
3%
No
Baltimore
Consolidated Gas
Northern Central
Bonds
10
50
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
5o
J
Boston Bonds.
Stocks see below)
110%110%
26% 26%
334
72 %
•47
97% 08
26% 28
Mid
American Cement
Bell Telephone
Cambria Iron
Diamond State
9
91,8
28% 2s%
61% 62%
Inactive stocks
N
1016
1914
Gold4Sis
Gold debenture 4s
1916
Gold 4s
1917
Western Teleph A Tel 5s. 1032
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s. .1909
(For Bonds and Inactive
523,
48 '4 48 4
4838 48»4
•47% 48
PHII*ADi:i,PllIA
Umte<l
West End Street Ky 4s
January 1
Kill
1
i'DiteO Fruitcouvgen58.1911
U S Steel Corp 10-60 yr 58.1963
Last Halt
124
AN
ACTIVE STOCIiS
1'rices
1
1
1
,s(no«
IOISh
128S,.T'nc'Ol
LOU
Sep '08
1
Exchanges— Stock Record,
108 108%
100% •107 109
75% 74% 74% 74% 74»>.
3*4
71 1B ia
04
94
104 Si 105
103 34
1
101
29-s,
107
74
L07
74% 75%
71% 72%
63
29
20',
47Si
62 St
•52'4
63
3S,
72',
48% 48^
9%
28% 28%
61% 62»i«
St 48 **
9
9^
28
2S
B
61
61 is
'g
48
60*,
75%
3 Si
63
29 s4
•106
107
74 Si
SSt
3S.
71Si 72S*
48S?
126
10S%
1
62 34
52% 52'%
28% 29% 28% 29%
11=%
11»8
11%
1138
11%
US?
11%
*U3e
11%
11U
-10
•10
•10
*10
•10
12
12
12
12
12
T,
•43
43
44
43% •43
44
43% 43% •43% 44%
17
17
17
18
17% 193g
19% 19«„
16% 17
28 Ta 29 S3
74 Si 75
•48
60
Centum
MS
Assented Income 5s
1BS4
-M RvA Br 1st 681020 A-O
Kant: St Jo AC B 1st 7s.. 1907 J-J
'. It.v KtSm ldgr 1st 7s... IOO.") J-J
Maine Cent cons 1st 7s. ..1012 A-O
1012
Cong let 4s
Marq Hough A Ont 1st. 6s. 1025
Mexican Central cons Is.. 1011
Jan 10:10 J'ly
1st cons ino3s
Jan 939 J'ly
2d cons ino 3s
Mich Telep cons 5s tr ree. 020 J-J
MlnneGen Elec con g 5a lo.'O J.J
1020 F-A
New Kng Cot Yarn 5s
1006 A-O
New KngTeleph 6s
(Is
1007 A-O
1908 A-O
6s
1015 A-O
fig
Englst7s
1005 J.J
NY
1905 J-J
1st 68
Old Colony gold 4s
1924 F-A
Oreg Ky A Nav con g4s..l046 J-D
OregSh Liue 1st g 6s
1922 F-A
Repub Valley 1st a 1 68... 1919 J-J
Kut lain! 1st con gen 4S)«.1041 J-J
Kutland-Canachau 1st 4*1949 J-J
Savannah Elec 81 cons 5s. 962 J-J
Seattle Elec 1st g 5s
1930 F-A
Torrington 1st g 5s
1918 M-S
Union Pac RK A grg4s.l047 J-J
1st lien con v 4s
1011 M-N
United
ft
•106
1'er
Tuesday
Oct 3
2
Si
interest In addition to the purchase price for
Share Prices— Not
Hon iay
05
'03
Philadelphia and Baltimore Stock
buturctav
Sept SO
%
"99 «»
00"*
108
101%
101%
"00
ltlH
10534 May'05
140 J'ly'05
140 Apr'05
1013»
101
Sale
101»4
126
103% Apr'05
101
100
toe's 108
00 Si 101 '2
126% 126 Si
102 Si Apr'05
09
90
109 Si Mar'05
101»4
iOl^e
ioi'4 ioi"
100
it'o" 109
107%
Sop '05
112% Jau
100
Si
129
111%111»4
81
91%
ioo s,
100 Si
124
120% .Mai 'Of)
124 Si 125'* 126 Feb '05
100
108 Mar'05
103 J4 Sale 108^4 10S 3,
109% Mar'02
09
102*4
129
I064j AugM6
100"» Aug'05
106%
Si
tiU\
liana*
101Si :i»l
Sale 101
Si
A 91otix 1st 7s.. 1017 A-O 127
Kan O Clin 4 Bpr l«t 6a...i02."> A-O 103
KanC Ft S a Gull 1st 7s.. loos J-l) D.714
Kan Ft SOOtt A M 6s. ...1028 M-N 124 126
09
L984 MS
Kan m a- 11 gen 4s
Kan C A
102
00
101
101
''
Week's
Bang* or
Ask Low
Rid
1010 J-J
debeu 6s
Non-con vert debeu 6s. ..1013 A-O
[llinola Steel
[a Falls
loc.
Apr '00
Feb '04
Sep '04
May'06
100% Sep '06
105 %
100 Si.
MS
Note— Buyer pays acorued
Si
100
100
.
.
W
Sale
100
100 7 *.
oo
05
108
'4
Bo*
i
102 Sep '05
99 Sep '05
100 Jue'Ol
129 J'uo'05
Ill's J'ly '05
01
90 Si
....
On
<
09 % Jan '02
101 afax'OS
Jan '03
112
11.'
Dee '04
112
102
00 '»
w
I
107
L02
04
>0fl
Price
Prltlay
Uct 6
'-
11 It
97 "«
Feb '04
10
loo. J-li
04
So
yvkkk BBDOra Octobkh
100%
99*4
102A
98
98%
1
Low Hi
s.
BSA
109*4 Salo
MS
MS
13.... ...1006
issue 7s... L004
100
BONUS
HOSTON STOCK KXOH'GE
'aiiuari/
llKuh
Si
107
1905 A-O
1005 N..x
Os.loos
ioa<
—
Boston Elect Light
1906 j.j
1929 J-J
1 90S
I0!M
^Rc.nrfl,
e
BONDS
BOSTON STOCK EXOH'GE
Wkkk Rxnura October 6 II
'
now
l
i:;
'82. J-J
Fund debt 2 3s 1001. J
West N C con 6s 1914 J -J
.1
WesVllC&PlMtttg'll J-J
Wll <fe Weld 6s. .1936. J-J
01,
V
115
111
THE CHRONICLE.
10<)2
Volume
TRANSACTIONS AT THE
DAILY.
NEW YORK
Railroad
Oct 6
Monday
Tuesday
Wednesday
Thursday
Friday
338,871
674,694
688,828
853,205
181,104.600
63,652,526
66.382,800
82,150.750
650,4/16
48,»03,6ii()
569,094
53,037,025
V 8
Bonds
Bonds
$259,500
822,500
730,000
890,000
436,500
602,600
$921,500
2,280,500
2.4 54,500
2,717,500
2,044.500
1,606,500
"f5oo
No Hudson L H & Pow —
3.675,218 $346,281,800
16,000
A-O $108
5s 1938
1JO&
i8*,6bo
IndCNat&
January
Sales at
1 to
York Stock
Exchange
—N
112
J-D
75
107
101
Bank
o. shareti
BONDS
Govern mtni t bonds
$29,500
3,650,000
12,024.000
$12,000
836,000
23,286,000
4453,900
158,848,650
655,610, OuO
11.7H3.840
567,3 14,HuO
$15,703,500
$24,134,000
i8l4,913.150
$579,695,420
BR. and mis. bonds
Total bonds
& Telephone
92
130
116
78
47
120
85
So Amer. 100
Commer Un Tel (N Y).25
limp <fc Bay State Tel 100
Franklin
100
Gold <fc stock
100
Hudson River Teleph 100
1|Centralifc
Par vaiue
4586,680
<i
UN VT&N
11
J Teleph...
North western Teleg. 5o
80
100
Oct 6
iyu5
Msted
Monday
Tuesday
Wednesday.
Friday
Total
Bond
Unlisted
shares
shares
sales
Listed
shares
85
104
17,000
23.500
77,500
$219,000
193,698
68,623
$31,000
26,500
43,500
443,834
76,424
Preferred
United Electric of
48 1949
Weekly Review
of Outside
92
25
J.D! 75
75=8
$42,000
122,600
145,700
100,900
71,400
83,100
$568,700
Market will be found on a preceding page.
6
NEW YORK
CITY
Bleeck St«fc Ful F stk 100
111st mort 4s 1950 ..J-J
HB'y & 7th Ave stk ..100
112dmort 5s 1914 ...J-J
Con 6s 1943 See Stock
B'way Sort 1st 6s gu 1924
HCent'l Crosst'n stk,.. 100
UlstM 6s 1922 ...M-N
UCen Pk N & E R stk. 100
flChr t'r& 10th st stk loo
CoUfc 9th Ave 5s See Stock
,
Dry D E B
<&
B—
fist gold 5s 1932.. .J-D
JScrip 6s 1914 ....F-A
% Eighth Avenue stk. 100
liScrip 6s 1914 ....F-A
U 42d & Qr St F'y stk.. 100
& St N AV..100
42d St
lllst mort 6s 1910 .M-S
income
6s 1915 J-J
l|2d
Iriterborough Rap Tr. 100
Lex Av <fc Pav F 5s See Si
Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
lllst mort 5s 1909 M-N
F-A
Consol 5s 1948
TJSixth Avenue stock 100
Sou Boulev 6s 1945. .J-J
So Fer 1st 6s 1919. ..A-o
Third Avenue See Stock
P & 6s 1928
Tarry
YkersStRR 5s 1940A-O
28th & 29th Sts 1st 5s '96
TJTwenty-Th'd St stk 100
J-J
Deb 6s 1906
Union Ry 1st 6s 1942 F-A
Westchest lst6s'43J-J
M
W
Street Railways
Bid Ask
Lynn<fc Bos 1st 5s '24. J-D $1094 112
New Orl Ryscfc Light.100 364 37
Preferred
36
33
100
79
80
98
New44s
90*2
94
§ 90
North Ohio Street See C hicago list
243 245
Pub Serv Oorp of N J100 105 110
104 107
Exch list
Tr ctfs 2% to 6% perpet 68 \ 69
Coll trust 5s gold notes
$108 110
1909 optional
340 360
M-N $96». 974
North J ersey St Ry 100
$117 121
27
205 209
1st 4s 1948
M-N $77S, 78
170 180
ConsTracof N J...100 83
84
Exch list
1st 5s 1933
J-D $109 1094
New'kPasRy6s'30J-J $113 "a 1144
Rapid Tran St Ry..l00 255 260
110 114
103
1st 5s 1921
100
A-O $109
J C Hob& PatersonlOO
25
385 400
105
4s g 1949
M-N i 75
76
So J Gas El & Trac 1 00 127 129
395 416
50
70
Gug5s 1953
M-S $102 4 104
NoHudCoRy6s'14J-J $113
106 Si 1084
85
5s 1928
65
J-J $111
113
Ext 5s 1924
212 213
M-N $105 108
& Exc list
Pat City con 6s '31. J-D $124
2d 6s.. ..1914 opt A-O $100
Stk E x list
Stk b; x list So Side El (Cltic)
See C hicago list
Syracuse Rap Tr 5s 1946 $ 107
185 200
108 Hi
Trent P &
205 209
5s 1943 J-D $103
105
United
Rys
of StL—
$102 103
30 l4 304
$1144 1161? Comvottrctls
100
UPreferred
170 180
100
814 824
Gen 4s 1934....SeeStk Exch list
3102 106
UnitltysSanFran
$105 108
6'eeStk Exch list
Exch list
Wash Ry <fe El Co.... 100 42
43 Si
Preferred
108
$105
100
914 92 Si
a
4s 1951
108
}105
90 4 91^
J-D
$1104 1124 UWest Chicago St
100
60
65
398 415
HCon g 5s 1936.. ..M-N
814 80
101
100
$110 112
Gas Securities
111
$108
Ask
Bid
M
H
NEW YORK
Cent Union Gas 1st 5s...
Con Gas (N Y) stk. See St
Conv deb 6s ctis 6'eestk
103 4 HMutual Gas
loo
BROOKLYN
Atlan
Ave
5s 1909. .A-0 $102
Con 6s g 1931
BB&
A-O
W E 5s 1933. .A-O
114
112
100
241
101
New Amsterdam Gas—
1st consol 5s 1948. .J-J
N Y & East River Gas—
Brooklyn City stock.. .10
243
1st 5s 1944
Con 6s See Stock Exch list
J-J
Consol 5s 1945
Bkln Crosstn 5s 1908. J -J 102
J-J
Richmond Gae. 100
Bkn Hgts 1st 5s 1941 A-O 104 105
Stk
Exch
Nor
Un
1st
Bkln O, Co & Sub See
list
5s 1927. M-N
Bklyn Rap Tran See Stk Exch list
IJStandard Gas com ..100
TlPreferred
DCouey Is. & Bklyn ..100 300 320
100
1st 6s 1930
1st cons g 4s 1948. .J-J
98
102
M-N
N
5s
1939.J-J
116
BrkC&
112
GrSt&Newlst5s'06F-A 100
OTHER CITIES
Gr'pt & Loriiner St 1st 6s 102
Kings Co. Elevated
Amer Light & Tract. 100
Preferred
1st 4s 1949 See Stock Exch list
loo
100
Bay State Gas
Nassau Elec pre!
75
50
A-O 110 113
Binghamton Gas 5s 1938
6s 1944
See St k Ext h lisl Brooklyn Union Gas deb
1st 4s 1951
6s 1909 conv '07. ..MS
N Wb'g&Flatlstex44s 101 104
120
Buffalo City Gas stocklOO
Stein way 1st 6s 1922.J-J $118
1st 6s 1947 See Stock
Consol Gas of N J....
OTHER CITIES
1st 6s 1936
.J J
Buflalo Street Ry—
Consumers' L H <& Pow—
6s 1938
1st consol 5s 1931. .F-A $1124 114
J-D
UDetroit City oas
Deb 6s 1917
A.O $100
50
Elizabeth Gas Lt Co.. 100
See C hicago list
Chicago City Ry
Essex & Hudson Gas 100
Columbus (O) St Ry..l00 101 105
Fort Wayne 6s 1926. .J -J
Prelerred
100 110 111
Gas & El Bergen Co.. 100
Colum Ry con 6s See Ph ua list
Grand Rapids Gas
Crosst'wn 1st 5s '33. J-D 108 HI
F-A
62
lllst 6s 1915
Grand Rapids Ry
100
58
Hudson Co Gas
85
100
Preferred
100
Indiana
Nat
& 111 Gas
Lake St (Chic) El See C hicago list
1st 6s 1908
M-N
ULouisv St 6s 1930.. J <fe $11313 116
NY&
I
Buyer pays accrued
interest.
1
Price per share.
$Sale price, a
$107 Hi 109
k Exc h list
Exch
list
275
285
$111
112
$112
$108
36
$105
130
156
109
115
110
104
105
106
106
$98
100
170
180
Alb
&
Susq. 40yr 3
4s
cts
Ohio Peo & St L pref.100
Deposited stock
Undeposited stock
Prior hen g 4 4s'30M<& S
Con mtg g 5s 1930. J<feJ
Income 5s 1930
93
110
112
108
IIFort
Worth
<fe
16
Si
7Si
S,
263|
lit
4
4><
177
25
12
36
29
39
79
S.
Si
106
90
15
City stamped
100
72
Northern Securities.. 100 189
Stubs
387 Si
Pitts Bess & L E
31
50
Preferred
74
50
Seaboard Air LineColl tr 5sl907 op. ..M-S
99 S;
SeaboardCo
See Ball Exch
Va tfc Southwestern. .loo 60
75
190
400
37
77
!
30
42
82
"a
I
1
20
30
2
5
ImplOO 200
M-.\ $102S2 103 4
5 sj
8
31
32
1910
Oil
100
Preferred
100
Hudson Realty
Ingersoll-Rana pref . 1 00
110
80
160
Internat'lBankingColOO
Int'u'l Merc Marine. 100
Preferred
loo
Col tr deb4Sjl92 2op'07
13i4
33 s,
82
,
International Salt
'^8
loo
64
7
International Silver. 100
45
Preferred
100
$lo7
1st 6s 1948
J-D
Lackawanna Steel. ..loo 76
15^
Lanston Monotype
20
Lawyers Mort lnsiir.100 188
45
IjLehcSi Wilkesb Coal. So
Lord & Taylor
ioO llOSi
Preferred
115St
IoO 101
IlLorUlard (P)pret ...100 135
Mackiy Companies ..100 46
74
Preferred
3 Si
loo
20
109
Madison Sq Garden. .100
94
2d 6s 1919
M-N 70
Denver
\
1094
108
101
66
97
30
97
Si
6
183
35
06
90
86
1st 6s 1922
M-b
Herring- Hall-MarvinlOO
1st preferred
100
2d preferred
100
"l
26 14
Havana Commercial. 100
Landcfc
8*
45
72
107 4
$94
Hoboken
19
24
38
71
104
Preferred
1st g 5s June 1 '22. J-D
Hecker-Jones-Jew'l Mill
I
lS
20
loo
Co. .100
100
,
.
hi
t
Istg6sl951
$114^
2
2
68
t
.
"7"i"
Railroad
Street Railways
'.8
Het g 48 52 op 12. ..J -J
Hall Signal Co
100
Houston
Brooklyn Ferry stocklOO
3
B<fe NV 1st 6s 1911.J-J
105
Y
N & E R Ferry stk. 100 70
1st 5s 1922
92
M-N
N ¥ & Hob con 5s '46. J-D $109
Hob FylstSs 1946 M-N $110
N Y<fc N J lat5sl940.J-J *104
NY & So Blykn Ferry&St
Transp 1st 5s 1906M-N
98
10th & 23d Sts Ferry 100
40
1st mort 5s 1919. ..J-D $ 92
28
II Union Ferry stock .100
Hist 6s 1920
M-N 96
10
6
31
75
t
HackensackMeadowslOO
Hackensack Water Co
1i5s
Outside Securities
A
61
88
100
N J 100
1st
205
195
1 98
58
Ferry Companies
6,664
11,414
9,672
14,120
11,580
13.167
5,737
11,697
14,334
21.747
9,524
13,385
100
Preferred
loo
Electric Lead Reduc'u.50
Prelerred
50
Electric Vehicle
100
Prelerred
loo
Electro-Pneum'ic Tran 10
Empire Steel
loo
Preferred
loo
Prelerred
sales
14,308
66,906
36,749
28.755
30,662
16,318
42,339
100,620
83,729
7u,713
60,951
85.482
Dominion securities. 100
Douglas Copper
Havana Tobacco
NY&y ElL&PowColOO
Bond
Onlisted
shares
1
63
Companies
Narragan (Prov) El Co 50
Boston
13Sl
II
Greene Con Copper. ..10
Greene Consol Gold... 10
Greene Gold-Silver.... 10
90
34
10
35
25
loo
Ci ucible :steel
7
8
Prel errcu
loo
68 V 68 hi
Cuban us 01 1896
I0OS2 102
Diamond Match Co. luo 140 14 140»j
n »i
Dominion Copper
1
"as
IjGeneral Chemical ..100
1 Preferred
100
Gold Hill Copper
1
172
128
125
& Atlantic
25
HSouthern & Atlantic 26
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA IlKingsCoElL&PColOO
EXCHANGES
Week ending
'
Ask
Si
31
(iir-ruenheimExplo'n.loO
100x107
Pacific
Electric
2
Storage Battel ylOO
Cramps' ShcfcKn Uldgloo
135
33
Chicago Edison Co See C hicago
Philadelphia
O.i
113
s
.100
H Amer Teleg<fc Cable loo
190,390,749
100,523.697
3,675,218
6,859,968
$346,231,300 $536,601,150 $17,650.84«,523 $9,30^,492,225
$497,600
$680,000
$12,800
$12,100
shares, par..
Stocks
138
30
Teietrr
1904
1905
1904
1905
80
110
3
Oct 6
Sew
110
35
24
Pat& PasGas<fc Klecioo 78
1949
M-S $105
1i Con g 5s
St Joseph Gas 5s 1937. J J
111
1st 6s 1926
$29,500
•tl2.024.000 $3,650,000
Week ending Oct 6
50
Bid
Electric Boat
'1
Total
Axh Industrial and Hiscel
60
Cons i'.y LtgdfcRetng.100
o.iihoi Bobber Tire.
103
Debenture 4s
11
State
<tc
Bonds
Par value
Shares
Saturday
STOCK EXCHANGE
WEEKLY AND YEARLY
Slocks
Week ending
iyoS
Uaa Securities
Bid
Indianapolis Gas
50
50
JstgSs 1062
A-o $101 s.
lacKson (.ad oh g '37. A-O } 99
Kansas City Gas
40
100
Laclede Gas
98
loo
1i Preferred
loo
95
Laiay'eGasl8l68'24..M-N'
30
25
Log<fcWabVlBt0s'25..JD
Minim. 11 Gas 68 1926. A-O $106
Newark Oas 6s 1944. Q-J $137
Newark Consol Oas.. 100 92
8.1) $112
II Con g 5s
1948
Business at Stock Exchanges
of
[Vol. lxxii,
9
2
UManhatt Beach Co.100
Manhattan Transit
20
Mex Nat Construe. pf 100
Mine Securities
6
Mitchell Mining
10
Monongahela R Coal. .50
*
13
h
8V
165
13
S»
4
Sj
294
33
82
68
10
50
108
.
•
i>0
16
190
120
loo
145
464
75
25
90
12
24
17
4
8*8
9
Preferred
20 7a
50
& Boston Consol .5
100
Mortgage Bond Co... 100 110 113
list
Mosler Safe Co
100
100
90
115
Nat Bank of Cuba
100
130
National Surety
100
40
45
llNew Central Coal
Industrial and Itliscel
20
N Y Biscuit 6s 1911. M-S 105
Alliance Realty
N Y tge & Security. 1 00 184 188
100 130 135
25
75
80
28
llNew York Dock
100
H Amer Bank Note Co. 50
70
75
11 14 IIS2
UPreferred
American Can com... 100
loo
72'4 72 Sj N Y Transportation.. .20 f
8
Preierred
100
8*
Niles-Bem't-Pond pf.100 110
American Chicle Co.. 100 138 141
1-4
99
102
Nor
Preferred
100
Lum'r <fc Pulploo
478
1
3
Am Graphophone com.lo
IjOntario Silver
100
U
60
62
Preferred
9S, Otis Elevator com
100
10
109
Preferred
Am Ice Securities
100 106
See Stk E x list
2
34
MaltinsOs 19 1 4. J-D loSSi loOSi Phoenix Securities....
26"8 27
l a4 Pittsburg Brewing
IS:
American Nickel
50
10
47
48
Preferred
Amer Press Assoc'n.100 95 103
50
2
4
Pittsburg Coal See Stock Exch list
Soda Foun com.. 100
57
62
6
Pope Manufacturing. 100
I st preferred
100
73
78
12
1st prelerred
100
2d preferred
100
17
194
American Surety
2d preferred..
100
18Sj
50 190
105
3 34
American Thread pref..5
4S2 Pratt & Whitn pref. .100 100
170
345 350
Realty Assoc (Bklyn)lOO X165
Tobacco (new) com
111
Royal Bak Po wd pref . 1 00 109
Pretd
See Stock Kxch list
61
63
25
4s and 6s
See Stk Exch list Russell & Erwin
Am Typefo'rs com.. .loo 35 40 Safety Car Heat & Lt 100 305
610
100
u40
98
Singer Mfg Co
Preferred
100
100
30
5-4
40
Amer Writing Paper. 100
6Sj Standard Coupler comlOO
32
32 S,
Preferred
Preferred
100 120
100
9
SSi
S^Sj 89 Sa Standard Milling Co.100
J-J
5s 1919
32
34
20 Sj 30
Preferred
100
Arizona Con Mining.. .50
2
5s
81»a 83 4
Baldomero Mining
5
22
18
Standard Oil of
1|Barney&SniCar ...100
J . 100 639 671
130
Storage Power
50
4
100 125
H Preferred
30
30
Swat & Co -See Boston St k Exc ri'ge
Bethl'm Steel Corp.. .100
S.
105
88 Si 89
1st 5s 1910-1914. ...J-J $102
Preferred
100
103
Tennessee Copper
Cofl.tr. g.s.L 6s 1914..
25 t 32 S. 35
76
80
H'fexas & Pacific Coal 100
50 141 H*7
Bliss Company com
110
130
145
1st 6s 1908
...A-O $lo5
Preferred
50
Title Ins Co of
Y..100 188 193
100 405 420
Bond& Mtg Guar
176
Tonapah Min (Nevada). 1 t 1234 13^
Borden's Cond Milk.. 100 170
20
23
TrentouPotteriescomlOO
Preferred
100 113 116
98 101
8>4
Preferred new
8Si
100
6 t
British uol Copper
60
3 t
Camden Land
Ho 3 18 Trow Directory uew..lOO 453
3
Union Copper
14
6
10 f 1 U
com.. 1 00
Casein Co of
80
83
75
Union Typewr com.. 100
10t
Preferred
118
120
136
1st
preferred
100
of
America..
Casualty Co
2d preferred
100 113 116 <
100 132 135
Celluloid Co
34
15
20
\
34 4
United Copper
100
Cent Fireworks com. 100
r
i6
764
68
72
Preferred
100
100
Preferred
200
.
4»«
4
Casualty
S.
100
Foundry
100
U
Central
27
30
21 Si 23
100
U S Envelope com.. .100
Preferred
87
89
84
100
UPreferred
Deb 6s 1919 op '01M-N 83
80
StkE
list
80
x
4
See
U S Rubber 2d pf ( wi) 100
Central Leather
loo 160 163
U S Steel CorporationCentury Realty
$112Si 114
Col trs 15s '51 opt '11
Cnesebrousrh Mtg Co loo 440 480
106
Col trs f 5s '51 not opt.. $112S2 114
City Investing Co
100 109 115
U STit Gu<& Indem.loo 128 133
HUlallin (H B) com
6
7
94
Universal
Fire Ex t'r. 100
100
Si
prelerred
lllst
98
1
Universal Tobacco. ..100
100
1l2d prelerred
2
Kx list
100
Preferred
Colo Industrial. See Stoc
65
80
Westchester
Bronx
&
Uol & Hock Ooal<fe 1 pf 100
177 Si
80
85
Title & Mort Guar Co
J-J
1st g 5s 1917
s
1604
Westiugh Air Krake..50
Compressed Air Co... 100
7
60
65
White Knob Min (wi)..
8
Consolid Car Heating 100
3t
20
l
Preferred
i«5
.100
(w
com
1)
1|Cons Firew'ks
117
122
70
Worming
Pump
pref.
100
100
65
Prelerred
II
Mont
.
M
Am
Am
>•
Am
Am
I
N
'.
I
107
150
170
112
N
Am
1
7*2
Exch
i
90
8
1
S<
list
93
.
$110
1I08
290
128
44
69
131
48
60
104
J102
109 34 110 14
23
26
Ex rights,
x Ex Oav,
.
iNewsUKk.
u sella
ou atjes Exchange, but
not.
a very .active security
.
oor.
.
1905.
t
1
j
.
.
.
TIIK CIIRONICLK.
|
1093
fuucstment and Jlailraad Intelligence,
RA1LHOAD GROSS EARNINGS.
The following table shows the gross ear ninths of every Stf.am railroad from which regular weekly or monthly returns
ran he obtained. The Brat two columns of figures give the gross earnings for the Litest week r month, and the last two
columns the earnings for the period from .1 til v i to and inolu Ling such latest we'lf or month. We add a supplementary
statement to show the fiscal year totals of thoso roads whose liscal year does not begin with July, but covers some other
'li'f return* of the street railways are brought together separately on < subsequent page.
period.
Latest uross
ROADS
or
Week
Month
hamulus
July
Latest urus.s hat'iunu*
IaxUsI bate'
to
Current
Year
Previous
Year
Current
Year
I
ROADS
Prevtont
Year
or
m
Ala Gt Southern. See Soutue rn Ry. Sy
lexa I'acillO.
Ala
NO,tSo ha»t. lstwk Sept 38,000
16,000
All) * VlcksbV l»twkSept
13.000
Vicksb Sb & I' i* wasepi
lui
Allegheny Valley July
32.00b
3uwk July
Am. Arbor
Atoh Top A S tV August .. 5.967.032
346.436
Atlanta A bar. July.
28.374
Atlantic A Blr.. 4ihwk Aug
August... 1.612.7(53
All Coast Line.
16.253
Bait A Ann S L. July. ...
August... 6,398.037
Bait A Ohio
IS 1.432
Bangor a Arooel \ugust...
5.30
Beliefouie Uent'i August...
5.313
Bridgt & Saco K. uly
276.982
Bull Rooh A .i.i> •ItbwkSept
132.6SO
Butlalo A Susq... August
180,974
Cal North w'n. ... August
Noitli
133,200
Canadian
ithwkdept
Cauatliau t'aullli 4lhwkStpt 1.606.000
Ceut'l or Ueor^iii ad wk Sept. 232,500
Ceut'lof >' Jci\->r.\ AUiTUSt .. 2.248,388
2,507
Chattan South' n. 3d wk Sept
SUA
i
i
Chesap & UUio... AUgUSt
Chle A Alton Ry.
Chic Ut Wesieru
Chic lud A L'v...
Chic Milw <& st J:
Clue A North \V
Chic St F M AG.
Cblo Term Tr Kl<
CluMUAT Pao.
CI
On Ch A
si L.
Peoria <s u-u^fi.
Colorado ASouil.
Col >twii a Lau.
Copper Rau^e...
Cornwall
Cornwall
& Leb..
Denv.AKioGr...
Det & Mackinac
Detioit Toi.
Dal So Sb
A
&
lr
Atl..
Erie
F'rehlldAN'r'e'ij
Farmvllle A Po
Fon Johnst A Gl.
Ft W ADeuvCitj
Georgia RR
Ga South A Fla.
Gr Trunk System
Gr'lT.
Let Ur
West'u
HAM..
Great Northern..
Montana Cent'i
Total system
GulfASlnplsland
Hocking Valley..
Illinois Central.
Illinois Southern
A Iowa...
Ind
111
Int
A Gt North'n
ilnteroc(Mex)...
Iowa Centra!
Kanawha A .Mien
Kan City South'u
LakeErieAWestn
RR..
Lexing A East'u.
Long Island ...
Lehitfb Val
1,967.281
1,056.300
4thwkSept 280,625
129.084
3.1 wk Sept
AtlgUi-t..
4,467,405
AlU'llSt
August . o, 361. 303
August ... 1,028,981
46,307
4iuwkSept
August... 2,836,037
2,4"i6*,317
Manistique
AUgUKt....
13,017
9,628
Maryl'd A Penn.. August
35,199
30,780
{Mexican Cent'i.. AllgUHt
2,294.684 2.089,895
175,386 171,299
I Mexican I -item. 4 hwkSept
tMexican Ry
Wk Sep 16' 106,500 114,500
iMexicanHouth'L [2d wk Sept
21,805
21,995
Mineral Range.. uhwkSept
21,306
18,736
Mlnueap A St L. i4lhwk8epi 111,504
89.673
St P a s st .\i. |4thwkSept
303,236 246,441
Mo Kan A lexa> 4thwk8ept 692.966 700.79*
Mo Pac A Iron M 4thwksept 1.227.000 1,434,000
Central Branch 4thwkSept
72,000
33,000
Total
4thwkSeot 1,299,000 1,467.000
Mob Jack A K (J. Wk Sep lb'
13,198
11,653
GuHAChicDlv.
M
i
1st
week July
:
.
.
4th week July
1st week Aug.
2d week Aug.
3d week Aug.
4th v. eek Aug.
1st
week
2d week
3d week
4th week
11 roads)...
(41 roadsj...
;il roads)...
(41 roads)...
(43 roede)...
Sept 40 roads)...
3ept (40 roaos)..
Sept (37 roads).
Sept 01 roads)...
1
'
;')
the Chicago
included
in
<fc
7.375,914
7,-64,915
8,248,621
12,024,707
8,053,712
8,210.558
8,368.751
13.342.178.421.1(1-
8,754,057
B.663,273
11,783,231
to
Current
tear
Previous
Year
sem beh
l.ateKt
Hate.
Previous
Year
1
w.
86 ,825
1
31 2. 5 60
22,753
YC&
.
LA
. .
AN
W
W
9,773,912 9.304,258
1,246,151 1,021,410
384,096
385,766
7,451,635 6,944,148
416,064
366,458
7,867,699 7.310,606
415,739
413,727
1,080,783 1,164,950
7,764,334 S.019,B9"2 VARIOUS FISCAL YEARS
59,550
50,413
1,793,653 1,615,814
1,585.522 1,512,471 Allegheny Valley
Jan.
1,400,511 1,387.939 A tlanta & Charl Air Line
Mar.
692,551
630,485 Atlantic & Birmingham
Dec.
365,489
309,609 Bellefonte Central
Jan.
1,005,996
905,971 (Jl O. C. A St. Louis
Jan.
4,923,617 5,096,211
Peoria A Eastern
Jan.
5,484,206 4,066,863 International & Gt North'n Jan.
78,279 Interooeanio of Mexico
90,863
Jan.
lllC
104,717
Lake Erie & Western
Jan.
126.000
150,486
.Manistee & North Eastern.. Jan.
10,173,317 9,475,047 Mauistique
Jan.
20,105 Maryland & Pennsylvania.. Mar.
20,986
30,763
34,332 tMexican International
Jan.
25,3y5
18,865 ;Mexican Railway
Jan.
61,674
55,615 (Mexican Southern
Jan.
4,443,^23 4,066,703 Missouri Pacific
Jan.
1.503,310 1,597,058
Central Branch
Jan.
1,200,100 1,218,100
Total
Jan.
252,515
225.065 INational RRof Mexico
Jan.
194,119
100,177 New York Central
Jan.
976.193
775,037 Northern Central
Jan.
2,636,576 2,003,962 ePenuHy.,Eastof
Jan.
E
5.195.314 4.833,341
eWestof
E
Jam.
11,013,590"
10,702,224
Ptila Baltimore AWash.... Ian.
471,760 Philadelphia A Erie
575,548
Jan.
11,277,772 11,515.350 Pitts Cin Chic A St Louis
Jan.
Rio Grande Junction
Dec.
119,534
147,312
Texas A Paclflo
Jan.
West Jersey A Seashore
Jan.
LE
.
!l
P&
PA
Current
Year
Period
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
July
July
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
June
July
Aug.
Aug.
Sept.
Sept.
Sept
sept
Sept
Sept
Sept
Aug.
Aug.
Aug.
Aux.
Aug.
July
Aug.
July
Sept
Aug.
Previous
Year
Inc. $52 5,864
$1,590,715 $1,466,799
769,169
554,918
38,963
35,367
14,280,201 13,890,003
1,778,630 2,017,519
4.403,899 3,907.908
4,722,227 4,658,068
2,277,854 2,325,228
254,758
267,872
66,990
54.827
172,764
155,677
4,746,300 5,158,662
4,419,300 4,334,000
835,082
871,406
29,766,633 30,598,959
1,341,52 I 1,275,010
31.103,150 31,873,969
9.178,731 8,617,286
54.471,056 50,237,691
6,768.545 6,636,145
85,183,869 76,47d,669
Inc. 4,8 03,300
9,556,816 8,990,216
4,331,871 4,190,210
17,017,314 15.611.10o
359.955
350,818
8.150,602 8.125,08o
3.261.683 3,07 7,08a
OF BKOM8 ICVUNI.NOS— Weekly and monthly.
Inc. or
Dec
p.c-
9
•
(39 roads)...
I
2.507.782 2,555,553
275,51
3,068.386 2,717.819
43.053
38.578
22,783
4.401
2,323
8.134
4,069
Nevada Central.. August ..
N
Hud Rn August... 8.146,105 7.321,270 15,281,403 13.764,388
1,491.47/
702.570
1,349,376
782.954
M V Out A West. Au. u«l ..
442,514
245.698 211,510
391,771
N Y Susq A West August...
1,956,210 4.521.750 3,761.934
2,394,003
Norfolk A West'u August...
919,436 919,236 1.772,451 1,757,551
Northern Central August...
North'n Paoitlo.. AUgUHt... 4,903.644 4,371,174 tf,469.04y 8,442,561
38,3-4
20,869
19,547
37,688
Ohio Rlv& West.. August...
614,740 1,251.010 1.215,505
654,23
Pacific Coast Co. August...
ePeun— EastBAK August... 11967490 10299890 22,799,193 19,780,993
Inc. 8 51,400
luc IJ 2 2,100
eWest P A K.. AUuUSt...
PhilaBalt&W'sh VUgUlt... 1,252,827 1,240,127 2,486.905 2,417,505
686,779
686.779 71y,545
719,545
Pbila A Erie
Jul.
PlttsbCC A St I, AUgUSt... 2,361,778 2.084.43O 4,508,389 3,992,940
10.093
4.047
7,928
5,407
Kaielgh& S'port August ..
Reading Railway August... 3,492,781 2.954,758 6,591.059 5.616,195
2.2b
2,279.361
1,2
11
4,124.358
4,619,150
Coal A lr Co
August ..
Total Both Cos. August... 5,772,142 >,285,969 10,715,417 10,235.345
144,250 127.989
144.266
127,989
Rich Fr'ksb A P July
48,919
48.919
42,932
42,932
Rio Grande Jot.. July
10,121
125,184
9.686
100,053
Rio Grande So... 3d wk Sopt
Rook Isi'd Sys.. August.. 4,481,592 3.896,314 8.352.978 6,930,813
2,494,364 2,414,451
Jutland RR
June ...
144,527 135,052
278.375
226,847
St Jos AGr I
AUKUSt..
St
San Fran 7 August . 3,552,474 3,412.434 6,709.318 6,105.037
252,735 2,101,573 2,121,937
St L Southwest.. 4chwkSept 215.452
1,120,865 971,245 1,120,365
971,245
Seaboard Air L.. July
123,563
120.179
230,912
225,031
Southern Ind
August
8,591,941
7,779,376 16,781,118 14,909,935
So PacinoOo6... AUgUSt
South Ry System
Southern By... 4thwkSept 1,481.347 1,381,844 12,703,816 12.047,310
Mobile a Ohio tohwkSept 279,269 284,387 2,110.360 1,979,544
ClnNOATexP 2d wk 8epi 147,890 132,438 1,564.881 1,445,510
63.093
54,182
707.38Z
Ala Great Sou 2d wk Sept
620,841
146,201 134,752
294.47
266.644
Ga South & Fla August
16,070
18,167
183,383
151,972
Texas Central
3dwk Sept
Texas A Pacific.. 4thwkSept 323,890 364,641 2,504,709 2,688.297
12,000
W .. August ..
11,900
23,000
24,600
XexS V
7,524
13,695
8,70
16,689
Tidewater A W'n August ..
411,479 387.995
738,001
Tol A Ohio Cent August....
753,305
37,516
336,102
TolP A West .... 4thwkSept
35,450
341,119
96,154 1,047,179
TolStLA
973,262
4thwkSept 109,454
57,024
49,637
113.765
Tor Ham A Butt. August...
106,447
5,758,736
4,812,090
11,214,448
Un Pac System .. AUgUbt
9,477,692
50,832
156,452
Virginia A So W*n August
82,446
97,523
Wabash
4th wk Sept 641,238 7y4,883 6.415,593 7,172,596
380,202 315,483
380,202
316,483
West'n Maryland July
773,950 691,460 1,429,231 1.301.631
Jersey A Sea'e August
Wheel A
4th wk Sept 158,705 129,003 1,375,736 1,154,081
12.170
Wiohlta Valley.. July
4,110
12,170
4,110
17,799
17,479
17,799
17,479
Wm'sportAN.Br July
Wlsoonsin Cent.. May
594,899 518,445 6,085,119 5,921,096
Wrightsv A T'n.. August....
15,018
12,530
28,789
24.057
Yazoo A Miss. V AUgUSt
461,055 581,546
989,691 1,102,390
4,049.178 3,890,182
471,732
4y3.842
1,831,127 1,512,824
33,670
31,384
61,173
56,490
34.379
11.910
81,091
38,038
4,906,088 4,246,915
177.608
170.780
1,335,309 1,392,947
821.177
705,543
8,366.059 8,034,325
1,842
2,724
Western, whlcu see
82.054
71,575
506,049
383,046
418,334
36e,222
Current Year PrevioutTar
2d week July ,40 roads)
3d week July (41 road*)...
Ohio... See Southe rn R\ 8y
833.761
A St I... 3ept ..
INafl RRof Mex 4thwkSept
Nev-Cal-Oregou Augi'Bt...
w.
•i(.i.i(l.i.l'll>
SU.M.MAHIKS
A
Nash Ch
417,912
221,836
230,090
iltC.
106, 1 1
106.111
33.532
102,779
107.682
5,444,334 11. 651,945 10,187,170
317,iif5
346,486
317,285
26,407
1,453,996 3,302,676 2,929.083
13.603
15,283
13,603
5,870.352 12,166,yl7 11,144,894
349.224
176,010
32y,828
9.483
3.533
5,912
4.39
5,313
4.397
221,590 2,380.123 2.123.045
96.241
243,253
170,557
363, JO.)
158,335
323.481
101,100 1,131,500
899,300
1.277,000 14,241.90.. 13.044,072
218.000 2.397,0-0 2,035.443
1,979,575 4,320.144 3,901,230
1.987
28.848
34.403
1.819,781 3, 742,894 3,491,284
1,193.064 1,936,93
2,140,204
218.966 2.132.493 1,837,653
122,422 1,432,749 1,313,030
4,205.064 8.423,(.'9'. 8,207,274
4.929,0 iO 10,28y,603 9.554,0yO
977,702 1,948.115 1,825,523
43.417
429,100
399,883
August
47,473
39.390
Inc.
August
38,589
Louisiana A Ark. August
74.790
67,603
Loiusv A N'a-thv. ItbwkSept 1,078,395 /; 1.069.13U
Macon A Blrm... August
10,809
10.260
Manls & No Kas July
30,763
34,331
WEEKLY
Mobile
459.874
202.920
185,363
40.000
23.000
23,000
June
Current
Year
*
tteai belo W.
3~e Bouthe rn Ry. By stem belo
2,15s, 266 2,126,098
August
257,840 260,127
AUgUrt
-ItbwkSept 151.803 136.400
19.449
15,973
August...
61,173
56,490
luly
15.916
5,»75
AUgUSt ..
41,432
20,688
August ..
4thwkSepl 507,000 468,400
90,206
90.343
August ..
38.520
4tuwkMay
29,336
89.936
73,261
4thwk3epi
4,406,759
4,103.880
August...
1,842
July
2,724
whattan— Now Tidt *atei A
82,054
71,575
July
271,615 191,373
August....
211.384 193,666
AUKUSt
-torn belo
St e aouihe rn Ry. s
4thwkSept 1,015,950 975,450
3d wk Sepi 116,03'.
95,437
32.383
34.9b5
3d wk sept
August... 3,757,306 3,452,169
215,233 185,722
August
August .. .;,y7_,530 3,637,891
37,903
3d wk Sept j/32,673
575, /9l
August
609,473
4,015,835 4,214,208
August
30,114
\ugust
23,362
June. ...
4thwkSept 2is,6ob 252,446
140,195 129,265
4thwkSep'
76,009
71.387
4ihw*Sept
August
196,061 164,791
496,290 520,672
August...
Week
Month
Jul*
7.065,765
7,163,544
7,454,532
10,077.932
7,455,483
7.841,740
7.992,6 .
12.770,608
8,072,9^1
8,502.578,514,190
I
ll,346,3i;:,
+310.110
1 696,371
+784,039
+1,046,770
+598,229
+30*.- 13
4*36
0-71
10 65
9-53
8
02
4-74
+ 376,100 475
+ 571,57..
1-47
+31-.I-:
1*31
251,479
2-95
1-75
+149.083
+441,862
MONTULY SUMMARIES
Month Sept
Mouth Oct
Month Nov.
Month Deo.
Month Jan.
Mouth Feb.
Month Mar.
Mouth Apr.
Month .May
Month June
Month July
Mouth Aug.
1904
1904
1904
1904
1905
1905
1905
1905
1905
(124
(124
(124
(123
(116
(117
(118
(115
Current Year J'revlousY'ar
Inc. or Dec.
P.O
rds.) 151,475,024 147.338,530 +4,136.488 2-81
+4,974.337 3 21
rd«.) 159,732,959 15 1,758,022
13.394,641 0-51
rds.) 154,304.117 M0,0()9, 171
.-,102 ,7'20
rds.) 146,74-;, lo2 136,880.010
+ 7,852. OHO 8-58
rds.) 127,073,058 1 19,220,078
3.537,629 3()1
hIh.i 113.714,506 117.252,135
0-73
hIh.i 143,622.-:.? 130,879,0 16 1-12,743.31]
I
rclM.)
136,595.868 127.237.317
13 rds.) 144.103,251: 120.7 12.730
L905 (101 rdH.) 125.0 12,575 14,845,03'.
(1
1
+ 0. 358. 551
(-14.390,517
735
11
00
+ 11.097.643 8-66
1905 (115 rdH.j L43,658,287 130,328,530 (- 13,829,757 IOCS
1905
(
56
rd«.)
58,850,1M
55,955,430
+2,904,051
5- 19
Include* the Hous. A Tex. Cent, and it* suImM. lin»n In both years.
g Includes
e Oovori Llnei din-otly operated,
Ka«t<-rn IlllnoiH In both years.
k Atlanta Knoxvllle A Northern Include! in both year* slno« April 1; It had previously been
1.
y Loss Is entirely in the passenger earnings, oaused by yellow fever quarantines
currency.
looi since Jan.
THE CHRONICLE.
1094
—
Latest Gross Earnings by Weeks. In the table which
follows wc sum up separately the earnings for the fourth
week of September. The table covers 31 roads and shows
3.89 per cent increase in the aggregate over the same week
last year.
4th week oj September.
Buffalo Rochester
&
Pittsb'g
Canadian Northern
Canadian Pacific.
Chicago Great Western
Chicago Terminal Transit
Colorado & Southern
Denver & Rio (irande
Duluth South Shore & Atlan
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Haven & M
International & Great North
Interoceanic of Mexico
Iowa Central
Louisville <fe Nashville
Mexican International
Mineral Range
Minn & St Louis
Minn St P & S S
M
Mo Kan & Texas
Mo Pac & Iron Mountain
Central Branch
Mobile & Ohio
National RR of Mexico
St Louis Southwestern
Southern Railway
...
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western.
Wabash
Wheeling
& Lake Erie
Total (31 roads).
Net increase (3.89
p.
Increase.
1904.
1905.
Decrease.
$
$
276.982
138,200
1,606.000
280,625
46,307
151,803
507,000
89,936
221,590
101,100
1,277,000
218,966
43.417
136,400
468,400
73,261
55,392
37,100
329,000
61,659
2,890
15,403
38,600
16,675
1,015.950
975,450
40,500
218,000
140,195
76,009
1,078,395
175,386
21,306
111,504
303,236
692,966
1,227,000
72,000
279,269
312,560
215,452
1,481,347
323,890
37,516
109,454
641,238
158.705
252.446
129,265
71,387
1.069,130
171,299
18,736
89,673
246,441
700,794
1,434,000
33,000
284,387
275,517
252,735
1,381,844
364,641
35,450
96,154
794,883
129,003
s
11.788,231 11,346,369
c).
~~5~,
118
37,283
99.503
40,751
2,066
13,300
Gross earnings (29 roads)
It will
the
1905.
S
$
34,819,061 33,889,648
486,071
be seen that there
amount
is
$
929,413
2.74
a gain on the roads reporting in
of $929,413, or 2.74 per cent.
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 23 1905.
The
next will appear in the issue of Oct. 21 1905.
-Gross Earn'gsCurrent
Previous
Year.
Year.
Roads.
$
$
-'78,815
Atlantic & Birming.aAug
91,759
July 1 to Aug 31--181,060
156,191
Atlantic Coast Line. a. Aug 1,612,763
1,453,996
July 1 to Aug 31. .. 3,302,676 2,929,083
Bangor & Aroost'kb.Aug
181,432
176,010
349.224
329.828
July 1 to Aug 31.-.
Buffalo & Susq.a
Aug 132,680
96,241
July 1 to Aug 31.-.
243,253
176,557
Ches & Ohio.b
Aug 1,967,281 1,819,781
July 1 to Aug 31... 3,742,894 3,491,284
Chicago & Alton. a.. .Aug 1,056,300 1,193,064
July 1 to Aug 31... 1,986,937 2,140,204
Chic Gt Western. b.. Aug
625,195
714,364
July 1 to Aug 31... 1,346,933 1,153,909
Chic Ind & Louis. a.July
498,181
458,350
Chic
& St Paul. a. .Aug 4,467,405 4,205,054
July 1 to Aug 31
8,423,092 8,207,274
Chic Term Trans. (b.. Aug 143,829
133,112
July 1 to Aug 31
284,282
266,995
Aug 2,158,266 2,126,098
C C C & St L.b
Jan 1 to Aug 31. ..14.280,201 13,890,003
Peoria & Eastern. b. Aug
257,840
260,127
Jan 1 to Aug 31... 1,778,636 2.017,519
Colorado & South. b__ Aug
596,492
490,749
July 1 to Aug 31... 1,170,544
974,129
Col Newb & Lau.b..Aug
19,449
15,973
July 1 to Aug 31. ..
31,884
38,670
Cornwall. a
Aug
15,916
5,875
July 1 to Aug 31...
34,379
11,910
Cornwall & Leban.b.Aug
41,432
20,688
July 1 to Aug 31...
81,091
38.088
Net Earnings
Current
Previous
Year.
Year.
S
$
32,212
25,985
62,446
49,002
318,540
314,101
806,149
720,538
72,894
67,821
126,920
117,011
51,773
37,389
84,166
68,667
804,522
744,155
1,480,053
1,359,540
347,707
484,367
632,681
770,047
227,766
188,108
409,431
305,511
171,287
166,072
1,451,574 1,445,003
2,824,506 2,889,817
55,492
43,837
114,048
88,733
713,535
718,617
3,469.226 3,475,089
84,119
78,240
399,116
483,500
2176,815
2148,309
2329,150
2299,652
4,265
4,063
9,905
8,224
8.463
2,571
18,376
5,159
25,771
8,301
50,148
13,906
Denver & Rio Gr.b..Aug 1,690,261
1,424,977
2,746,615
713,069
1,269,212
575,691
1,119,916
237,229
474,137
103,965
206,776
91,407
178,624
43,915
38,230
M
July
1
to
Aug
31. -. 3,195,688
Dul So Sh & Atl.b.-Aug
July
1
to
Aug 31...
Fon Johnst & Gl.a..July
&Denv City. b.. Aug
285,221
554,719
82,054
71,575
31. -.
271,615
506.049
191,373
383,046
96,496
159,279
57,363
115,943
Gulf
& Ship Island. a.Aug
July 1 to Aug 31. ..
145,658
319,508
159,080
300,862
31,141
91,538
44,387
J3n<i
Riv Elec Pow Co. Aug
Jan 1 to Aug 31...
76,542
455,573
59,887
332,952
42,178
188,574
35,868
159,795
Ft
W
July
1
to
Aug
of Mexico- .Aug
to Aug 31...
1
Norfolk & Western- b. Aug
July 1 to Aug 31
Northern Central. b_. Aug
Jan 1 to Aug 31
Ohio River & Western Aug
July 1 to Aug 31...
Pacific Coast. a
Aug
July 1 to Aug 31...
Pennsylvania
Lines directly operated
P & E..Augl 1,967,490 10,299,890
Aug 31... 85, 183,869 76,476,669
West ofP& E..Aug
Inc851,400
Jan 1 to Aug 31-..
Inc4,803,300
Phila Bait & Wash. b. Aug 1,252,827
1,249,127
Jan 1 to Aug 31-. . 9,556,816 8,990,216
flEast of
153",645
29,702
Increase. Per Cent.
1904.
to
1
RR
Jan
as follows:
of September.
&SS
M.b.Aug
Aug 31
Nash Chat & St L.b. Aug
July 1 to Aug 31...
July
wNat
37,043
to
1
MinnSt P
For the month of September the returns of 29 roads show
Month
Inc.38,589
Nash. b. Aug
Aug 31...
^Mexican Internat...Aug
Jan 1 to Aug 31...
Mineral Range, b
Aug
July 1 to Aug 31...
July
—
Previous
Year.
%
4,214,208
8,019,392
453,708
4,185,047
520,672
995,971
39,890
78,279
Incl04,717
3,402,605 3,222,369
6,710,587 6,143,607
511,636
550,471
4,262,768 4,682,881
69,027
58,280
127,402
113,230
916,308
609,578
1,693,742 1,251,057
872,772
888,761
1,674,021
1,693,728
1,078,390
946,057
8,170,941 7,720,562
2,394,003 1,956,210
4,521,750 3,761,934
919,436
919,236
6,768,545 6,636,145
20,869
19,547
38,384
37.688
654,237
614,740
1,251,010 1,215,505
&
Louisville
7,828
207,000
Int., Rentals, etc.
Current
Year.
Roads.
$
Illinois Central. a.
Aug 4,015,835
July 1 to Aug 31... 7,764,834
vlnteroceanic of Mex.Aug
512,505
Jan 1 to Aug 814,255,308
Kan City Southern. a. Aug 496,290
July 1 to Aug 31
1,005,996
Lexington & East. b. Aug
47,473
July 1 to Aug 31...
90,863
Island. b
Aug
July 1 to Aug 31..
10,930
4,622
9,265
4,087
2,570
21,831
56,795
927,933
441,862
—
Long
34,446
39,000
[Vol.
76,951
0jan
1
to
Rio Grande Sou. b.-Aug
July 1 to Aug 31...
49,741
35,535
95,636
71,023
Rock Island Sys.a..Aug 4,481,592 3,896,814
July 1 to Aug 31... 8,352,978 6,930,812
St Jo & Gr Island. b._ Aug
144,527
135,052
July 1 to Aug 31. ..
278,375
226,847
St L & San Fr (including
Chic & E 111). a
Aug 3,552,474 3,412,434
July to 1 Aug 31... 6,709,318 6,195,937
St Louis So-West. b_. Aug
718,877
714,139
July 1 to Aug 31... 1.389,058 1,356.120
Southern Pac Sys.a..Aug 8,591,941 7,779,376
July 1 to Aug 31. ..16, 781, 118 14,909,935
Southern Ry System
Southern Ry.a
Aug 4,258,535 4,041,552
July 1 to Aug 31.. 8,281.489 7,757,669
Mobile & Ohio. a.. Aug
699,302
671,828
July 1 to Aug 31... 1,402,737 1,270,192
Cin N O & T Pac. a. Aug
665,407
626,126
July 1 to Aug 31... 1,278,793
1,183,567
Ala Gt Southern. a. Aug
294,001
274,820
July 1 to Aug 31...
585,780
511,259
Ga So & Fla.a
Aug 146,201
134,752
July 1 to Aug 31...
294,471
266,644
Tidewater & Western. Aug
7,524
8,702
July 1 to Aug 31...
13,695
16,689
Union Pac System. a.. Aug 5,758,736 4,812,090
July 1 to Aug 31. ..11, 214,448 9,477,692
Western Maryland. a.July
380,202
315,483
West Jersey & Sea. b. Aug
773,950
691,450
Jan 1 to Aug 31... 3,261,683 3,077,083
lxxil
—Bat.
of Net E'ngs.—
Current
Previous
Year.
Year.
*
*
1,181,048
1,430,429
2,088,165 2,514,255
128,209
82,217
984,693
932,776
74.863
124,952
159,842
206,166
11,010
14.699
22.805
31.648
Dec33.040
Dec4,716
894.115 1.073,608
1,811,490
197,168
1,631,819
9,156
21,091
503.096
849,014
203.532
405,767
381,487
2,697,236
931,663
1,712,066
323,376
1,157,892
9,632
15,867
155,595
301,196
1,983,598
213,256
1,951,833
19,969
31,781
265,272
569,440
266,549
509,935
309,215
2,447,275
840,652
1,540,553
302,876
1,493,492
4,341
8,381
128.686
256,524
4,496,062 4,113,662
23,992,556 22,371,556
Inc53,600
Inc718,000
443,226
394,526
2,270,120
,288,820
14,058
30,259
28,668
47,597
1,462,091
,399,516
163,593
2,366,117
55,103
42,342
104,166
60,430
1,261,797
2,205.455
175.879
338,164
2,870,286
5,462,581
1,369,187
2,231,906
241,802
428.043
2,483,883
4,485,141
1,290,547
2,237,675
190,897
404,936
158,853
311,178
57,672
104,290
31,501
73,274
1,635
3,044
2,677,191
5,351,081
1,225,784
2,142,828
216,074
350,783
151,841
291,310
55,993
83,000
27,472
61,194
1,500
2,910
2,209,713
4,432,096
j/119,084
27118,717
418,361
1,038,155
365,661
886,955
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
g These figures include results on the Buffalo & Allegheny Valley Division in both years.
v These figures are in Mexican currency, and are convertible into gold
at the current rate of exchange.
y For July additional income and net profits' from coal, etc., were
830,914 this year, against $25,005 last year.B
2 Net, after deducting taxes, is $157,938 and-$128,432 for 1905 and
1904 respectively for August and $290,723 and $259,898 for period
from July 1 to August 31.
—
Interest Charges and Surplus. The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest,
above or
deficit
—
Roads.
Atlantic& BirminghamAug
July 1 to Aug 31...
Bangor & Aroostook. Aug
July 1 to Aug 31...
Int., Rentals, etc.
Current
Year.
$
16,413
32,798
48,332
97 270
23,409
46,526
345,354
Aug
Buffalo & Susq
July 1 to Aug 31. ..
Cleve Cinn Chic & St LAug
2,675,471
Jan 1 to Aug 31
44,600
Peoria & Eastern. .Aug
357,573
Jan 1 to Aug 31
Aug
794
Aug 31..1,743
4.191
& Lebanon. Aug
8,367
1 to Aug 31...
Denver & Rio Grande Aug (7344,017
July 1 to Aug 31. .. d68 1,236
Cornwall
July
Cornwall
July
1
to
Duluth So Sh
July
1
to
&c, with
below these charges.
& Atl-.Aug
Aug 31--.
86,641
173,282
Previous
Year.
$
14,566
29,132
45,757
93 ,301
15,675
31,350
323,638
2,637,402
44,755
354,868
241
386
4,024
8,004
d343,998
d689,822
89,142
178.283
the surplus
—
Bal. of Net E'ngs.
Previous
Current
Year.
Year.
$
S
11,419
15,799
19,870
29,648
22,064
24,562
23,710
29.650
X38.315
X37.450
z68,709
z56,808
z396,002
x 369,145
Z849.060
X989.171
X40.769
134,885
a:44,218
X131.477
2,330
7,669
16.633
4,773
21,580
4,277
5,902
41.781
X234.226
X390.973
X656.650
X482.044
23,052
Z18.056
2:34,967
X2.120
—— —
6
Oct.
THE CHRONICLE.
7 1906.1
—Int., Rentals,
Roods.
[dud.. Aug
to Aus 31...
July
Aug
.Mineral
Range
to Aug 31...
July
Nash Chan A St L...Aug
Julv
ta Aug 31...
Norfolk A Western. ..Aug
to Aug 31
July
Rio Onnde Southern. Aug
July 1 to Aug 31...
St Joseph A Gr Island Aug
July 1 to Aug 31...
&
Gulf
1
1
1
1
—
—Bal.
of
Current
Year.
Xi! E'ligs.—
Previous
Year.
*
24,323
44,460
0.446
18,893
160,608
96,646
51,340
9,446
18,802
140,778
299,556
336,206
672,413
17,733
36.043
21.354
42.707
Ship
etc.
Previous
Year.
Current
Year.
9
K7.613
X44.368
xdef97
x2,603
53.754
106.211
595,457
301,004
293.230
5S6.460
1.039,653
12,626
17,833
36.244
22,745
45,000
T14.743
33.749
61,459
X20.686
£88,884
X10.627
X13.00S
116.017
208,081
547,122
954,093
xdef3.770
Jdef4,657
19.597
15,430
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 credit of Renewal Fund.
x After allowing for other income received.
1095
STREET
Jan.
Latest Gross Earnings.
1
to
latest
Roads.
Week
Road.
or
Month.
Current Previous
Year.
Year.
Current
Year.
Previous
Year.
33,228
140.257
53,553
27,379
55,866
9.238
320.857
178,042
1,019,147
384,118
185,881
$
157,463
933,837
293.391
170.102
58,768
3,030,224
2,173,393
53,199
55,087
61,355
51,342
383.167
347.073
634,565
2197,846
353.827
270,566
502,452
2194,602
11.513
55.540
29.554
22,052
134,050
17,047
114.246
49,479
10,007
51,488
25,845
79,913
347.737
159,623
67.332
306,783
149,032
112,421
14.686
130,633
41,893
3,804,071
489,315
862,606
311,201
3,368,062
461,424
848,812
302,211
84,528
25,413
614,846
275,111
26,388
20,600
18.344
79,749
17,556
211,668
*77,349
216,207
110,511
900,369
83,156
635", 760
•
t
i
Ry & L'ht
(M'catine, Iowa) August ..
$
41.498
159,774
71.373
30.767
63,324
12.129
435.971
14,765
57.431
67.838
65.971
54,028
53~ 61
8
Aug
25,823
26,388
Land. 6...
211,668
216,207
Jan 1 to Aug 31
New York City Ry.b
April 1 to June 30... 4.417,081 A4.299.141
59,816
67,001
St Joseph Lt HtAPCo.Sept
to Sept 30...
Jan
Union Railway, b
April 1 to June 30...
1
Previous
Year.
t
652,788
499,573
377,811
371.162
8,889
76,445
10.408
83,344
1,996,851 M.927,308
35,593
29,417
262,022
225,783
OS, 090
I
99,740
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
h Figures for 1904 quarter do not include operations of Third Ave. Railroad for the month of April.
Interest Charges and Surplus.
—
Int., Rentals, etc.
Roads.
—
—
-Bal. of Net E'nas.
Current
Previous
Year.
Year.
$
S
Previous
Year.
I
Current
Year.
$
Honolulu Rapid Tran and
Aug
Land
Jan
Albany & Hudson.! July ..
American R'ys Co. August
Aur Elgin A Chi Ry August
August
Binghamton Ry
Boston A Worcest'r August
Burlingt'n (Vt) Tr. August ...
Cal Gas & Electric. July
Central Market St. July
Cent Penn Trac
August
Chi & Mil Elec
August ..
dChi & Oak Park.. August .
Cin Northern Trac. August
Current
Year.
%
Honolulu Rapid Tran and
date.
of
Previous
Year.
Current
Year.
%
STREET RAILWAYS AND TRACTION COMPANIES.
Name
—
Street Railway Net Earnings.
The following table gives
railway gross and net earnings
the returns of
received t his week.
Oross Rarn'gs
-Net Earnings-
Aug
to
1
New York
City
2,793,539 ft2,368,934*def470,950xdef372.725
to
1
Z6.293
x 60.826
Ry—
June 30
Union Railway
April 1 to June 30
April
X4.459
X40.909
4,960
35,462
4,810
38,705
31
31,765
044,422
5,307
al6,169
a After allowing for other items.
h Figures for 1904 quarter do not include operations of.Third Ave. Rail
road for the month of April,
x After allowing for other income received.
Citizens'
ClevA
SW
Tr Co.. August _.
Clev Painsv A E_. August _.
Col Lon & Spring jJuly
Detroit United Ry. 4th wk Sept
Duluth Street Ry 4th wk Sept
East St L & Sub.
Elg Aurora & So.
ftFt
August
August
Wayne & Wab
Valley Traction. August
Galveston Elect Co July
Havana ElecRv Co Wk.Octl..
Honolulu RaDi'd Tr
<fc Land Co
August
HoughtonCo
Rv
Ry
St
Houston ElecSt
Trac Co... August
Indianap& East Ry May
19,031
August
42,404
August
479.890
15.997
23,119
433,672
95,190
434,035
July
July
Kan City Ry & Lt. August
Lake Sh Elec Rv.. August
Lehigh V Trac Co
Street Rv Dep.. August
Elec Light Dep. August
Lexington Ry
August
Manila El
RyDept
Ry & L
4th
wk Sept
Met West Side Elev September
MilElec RyA Lt Co August ...
Mil Lt H A Tr Co. [August ...
Montreal Street RylAugust
Norfolk Rv A L... Julv
Nor Ohio TrALt Co August ...
Northern Tex Trac August
Northwestern Elev September
Oakland Tr Cons..|July
Orange Co Trac... August
Peeks LtgARR Co. August ...
Pittsburgh M'Keesport & Greensb'g|July
Pottsv Union Trac August
Rys Co Gen R'ds August
Light Co's
August ...
Rochester Railway August
—
Rockford Beloit
544,307
269.911
J/34,178 1/1 ,464,310 yl. 264, 543
25,823
21,390
47,903
129,491
July
July
Illinois
Indianap <fe Northwestern Traction
Internat Trac Co
System (Buffalo)
Jackson Consol Tr
Jackson v Elec Co.
94.835
27.664
y35.465
76.675
2,739,836
227,161
164.547
78,615
2,986,798
238,110
184,733
3,107.578
509,467
62,274
13,274
34,276
56.150
12,934
35,629
384,919
112,222
228,671
335,444
104,575
10,250
186,640
277,015
69.724
262,009
81.986
102.718
59.244
111.460
119,816
15,946
12,157
161,860
272.325
50,336
236,245
74.237
95,963
48,626
99,610
104,276
15.875
11,465
1,654,451
2,094.914
1,537.007
2,084,940
299.845
1,639.427
371,117
688,929
20,532
23.317
36,881
100.327
150,069
248.676
16.237
1,164,708
22.423
24.848
40,656
1,956
167,515
1 1
.780
25,222
397,204
1,805,711
405,461
628,245
421,698
1,026,379
804,157
83,744
80,968
2,081
137,369
423,706
359,840
938.163
707,714
78,522
72,354
89,177
135.120
218,847
15.761
984,699
A
August
Janesville
16,090
14,974
93,208
86,861
Lt Heat A PowCo September
San Fran Oakl'd &\
67.001
59,816
552,788
499,573
San Jose Ry
|July
Sao Paulo (Brazil)
43.015
33.430
300,018
221,936
41,844
40,983
56,411
51,463
22,261
86,329
81,718
225.218 197.392
135.864 112,680
79,932
71,328
33,123
28,802
55.991
64,213
28,693
176,350 166.367
25.961
22,974]
52,629
46,825
94,160
79,762
1748,541 1015,457
609,930 652,234
21,275
21,193
38,617.
45,799
6443,139
331,874
061,283
624,837
1.421.920
1.214.756
616,486
232.620
342,863
6389.447
305.108
670.366
1.320.002
1,124.437
560,916
1,244,135
1,139,600
Rv
St Joseph (Mo)
Tram L & P Co.iWk Sept
17
Savannah Elec Co July
Ry Co.. July
Scranton Railwav. August
Schuylkill
Co Julv
September
Syracuse R T Ry.. August
Tampa Electric Co July
Terre Hte T A L Co Julv
TolBowlGrA So Tr August ...
Toledo Rys
Light August ...
Toledo 4 Western. August
Seattle Electric
South Side Elev
<fe
Toronto Railwav..
Wk Sept
30
Twin City Rap Tr. 3d wk 8ept
Un'd Rys of St L_. August ...
United of San Fran August ...
Alex 4 Mt V \ugust ...
Youngst'n-Sharon. August ...
Wash
a Totals are from April 17 1905.
years,
d These are results for main
earnings of
all
and boycott,
1
in
line,
the constituent companies.
4.294,350
160,222
302,905
both years.
last year,
companies which have been published since the last editions
the "Railway and Industrial" and "Street Railway'!
of
Sections.
This index does not include reports in to-day's "Chronicle.".
from June 25
in
I
American Glue
American Hide & Leather
American Light & Traction
American Locomotive
840.
American Smelt. & Refining... 898,
Appleton A Co. (balance sheet)
Associated Merchants
Atchison Topeka A SaDta Fe. ..970,
Bemls Bros. Bag (balance sheet)
898
920
840
776
985
725
Bon
66fi
Air Coal
&
Iron
y Spanish silver,
z
Totals are from
840
560
1040
Boston A Maine
Brunswick Dock A City Improv't.. 612
Buffalo Roeh. A Pitts
611, 665. 673
Calumet A Hecla Mining
504
Canadian Pacific
895, 902
Central Foundry
724
Central of Georgia
723, 919
Cent. Leather (statement to N. Y.
Stock Exchange)
RR. of New Jersey
Chesapeake & Ohio
896,
Chicago Great Western
897,
Chicago Indianapolis A Louisville..
Chic. Mtlw. A St. Paul
838,
Central
504
971
908
905
974
849
Chicago A North Western
1038, 1047
Chicago Pneumatic Tool (6 mos.).. 615
Chicago St. Paul Minn. 4 Omaha. .1038
Chicago Terminal Transfer
897
Consolidated Cotton Duck (6 mos.). 670
Creamery Package Mfg. (balance
sheet Nov. 30)
606
Denver A Rio Grande
838, 845
Detroit Mack. A Marq. Land Grant. 667
1042
Duluth South Shore A Atlantic
Erie RR
839
Erie A West. Transp. (statement
May 10)
724
Fairbanks. N. K. (balance sheet)... 667
Globe-Wernlcke Co. (bal. sheet)
658
Guffey Petrol, (bal. sheet Jan. 1)
506
Guir Refining (bal. sheet Jan. 1)
506
Gulf * Ship Island
666
Hocking Valley
Interhorough Rapid Transit
897. 916
666
La Belle Iron Works
973
Lehleb Valley
723, 782
Long Island
971
Louisiana A Arkansas
1039. 1050
Louisville Henderson A St. Louis.. 975
Loulivllle A Nashville
723
Lowell Machine Shop (balance sheet
March 31)..
658
Illinois
Railroads, Etc.
Page
Lyons Beet Sugar Refining Oialance
sheet March 1)
506
Maine Central
897
Manhattan Ry
666
Mexican Central
1040
Mldvale Steel (bal. sheet Feb.27)... 657
Minn. St P. & Ste Marie
1041
Missouri Kansas & Texas
1041
Nashville Chattanooga & St. Louis. 612
National Enam. & Stamping
612
National Novelty Corporation
612
National Rice Milling (11 mos )
666
New York Dock
1042
New York New Haven & Hartford. 1039
New York Ontario A Western
972
New York & Richmond Gas
667
Niagara Light Heat & Power
617
Niles-Bement-Pond (bal. sh. Dec. 3) 606
Norfolk A Western
.896, 912
Oceanic Steamship
606
Page Woven Wire Pence
605
Pflster A Vogel Leather (bal. sheet). 558
Pittsburgh Coal (half-year)
556
Reading Co
970. 978
Saco A Petee Machine Shops (bal.
sheet Aug. 29).
558
St. Louis Southwestern
665
Southern Ry
555
Texas Central
614
Toledo Peoria & Western
669
Union Oil
557
United Petroleum
657
United States Envelope
666
United States Glass
724
United States Telephone. Ohio
606
United States Steel Corp. (quarter
and half-year)
504
Virginia Coal A Coke
1052
Virginia A Southwestern
1045
Warren Bros. Co. (bal. sh. Dec. 31). 656
Welsbach Co
921
Western Stone (bal. sh. Dec. 31>... 724
Westlnghouse Air Brake
973
Yazoo A Mississippi Valley .970. 989, 1042
Street
Railways
—
American Railways.
1043
Brooklyn Rapid Transit
898
Kansas City Ry. A Light
556
Northwestern Elev. RR., Chicago.. 976
Philadelphia Rapid Transit...
973
Railways Co General
1044
W. India Elec. Co., Kingston, Jam. 606
Central Railroad.
(Report for Fiscal Year Ending June 30 1905.)
The annual report of the directors for the year ending June
30 1905 is given on pages 1105 to 1111, with balance sheet
and exhibits. The Yazoo & Mississippi Valley report was
published in the "Chronicle" of Sept. 23 on pages 989 to 992.
Comparative statistics of the operations of the Illinois Cen
tral and the income account, etc., have been compiled for
the "Chronicle" as below:
both
decrease due to a strike
Page.
839
724
505
Railroads, Etc.
Allls-Chalmers Co
American Agricultural Chemical
OPERATIONS.
h These are the combined
x Decrease due to the fact that the Louisiana Purchase
Exposition was open
May
I Totals are
—
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
201,500
314,068
142.469
154.984|
2,019.353! 1,789.691
3,361,292 3,104.661
5.611.071 6,265.000
4.573,286
163,437
350,575
ANNUAL REPORTS.
Milfts
oper. June 30
Equipment
Locomotives
—
. .
cars
Freight cars
Work cars
i
[er
1904-05
4,374
1,158
802
54,764
1,765
1903-04.
4,374
1
,086
787
63.576
1,446
1902-03.
4.301
1,003
788
51, !M
1
645
1001-02.
4,284
947
726
42,419
460
THE CHRONICLE.
1096
Operations
1904-05
—
1903-04
1902-03
1
.'.)'.)'.)
Freight (tons) moved. 23,148,309 22,420,814 21,881,870
19.096,44]
Freight (tons) 1 mile. .5559139454 5221 132574 5170543778 4462073927
0.022 CtS.
0.591 cts
0.007 cts.
Rate per ton p. mile.. 0.587 cts.
275
277
288
Av. rev. tr. load (tons)
319
$0.9134
$1.0250
$0.9790
Earn, per pass. tr. m.
$1.1158
$1.0800
$1.7111
Earn, p fr't train m__
$1,7031
$1.8711
$10,790
$9,540
Gross earn, per mile..
$10,520
$11,319
FISCAL RESULTS.
Receipts
S
$
Passenger
Freight
9,554,743
31,092,575
5,583,818
10,729,825
32,007,922
0,170,902
miscel..
&
Mail, exp.,
1903-04.
1904-05.
—
1902-03.
$
8,977,228
30,592,094
5,010,754
EARNINGS AND EXPENSES.
1901-02
No. of pass, carried.. 21,045,001 22,503,013 21,231,007 19,000,204
do
1 mile.-583, 481, 895 485,092,114 456,432,129 401 ,309,426
k-cio
els.
.970 els.
1.971 cts.
Rate per pass. p. mile 1.809 cts.
1
[Vol. lxxxi.
1901-02.
Earnings from
1904-05.
$
27,732,626
8,619,650
—
Freight
Passengers
Mail
Total groi
earn
traflic
8,020,049
27,710,7X2
5,089,599
Op. exp., excl. taxes 20,490,021
P. C.op. exp. to -ai;
77
Net earnings
12,027.050
0,095,090
7,804,810
18,102,052
1,082,300
2,027,448
5,679,311
7,323,343
18,785,938
1,004,059
1,942,431
5,909,196
6,274,587
16,670,332
975,709
1,802,072
5,649,043
5,309,787
14,442,208
846,426
1,766,217
Inc. from investments
rents and miscel
35,111,700
34,735,682
31,697,956
28,014,340
Taxes
Transportation
General
Taxes
Expen.
of oper'n.
P. c. of exp. to earns.
Income from traffic..
(70.92)
(74.17)
(70.15)
(68.62)
14,390,943
12,095,454
13,488,121
12,806,690
2,488
2,759,020
1903-04.
$
12,095,454
2,675,496
41,053
1902-03.
$
13,488,121
3,445,318
15,830
1901-02.
g
12,806,690
3,535,109
16,697
17,158,451
14,812,003
16,949,269
16,358,496
INCOME ACCOUNT.
1904-05.
—
Net receipts
$
Operation of railway. 14,396,943
Interest
Land
,
etc
office
Total
Total
17,115,191
Balance, surplus a...
43,260
14,764,420
47.583
16,903,530
45,739
16,314,535
43,961
a The surplus dividend fund June 30 1905 applicable to dividends
was $1,269,027.
d In 1901-02 the company made a change in accounting and from
the surplus of 1901-02 "set apart from income to meet interest on the
funded debt which accrued had to June 30 1002, but is payable at
various dates later than July 1 1902 on bonds of 111. Central RR. Co.,
$573,292; Chic. St. L. & N. O. RR. Co., $61,038— $654,330," this accounting for the seeming large increase in interest charge for 1901-02.
GENERAL BALANCE SHEET JUNE
30.
1905.
1904.
1903.
$
$
190,622,249 184,736,442 175,320,981
321 ,900
324,161
312,136
2,412,511
2,774,370
2,208,097
6, 756, 1 55
6,584,068
6,601,388
48,056,349 58,785,917 42,624.300
6,320,182
6,563,602
910,290
•4,227,538
6,786,514
2,152,919
1,607,271
1,480,540
1,269,027
1,225,767
1,178,187
250,000
250,000
250,000
Road and equipment.
Real estate
Material and supplies
Stocks owned
Bonds owned
Net assets
Advances
Insurance fund
Surplus dividend fund
Pension fund
St. L. A. & T. H. and subsidiary
lines suspense account
.
3, 328 ,300
Liabilities
—
Capital stock outstanding
Leased lines stock
Bonds (I. C. RR.)
Bonds (C. St. L. &N.O.RR.)
Betterment fund
Net liabilities
Set apart for dividends
Profit
and
95 ,040,000 95,040,000 95,040,000
10 ,000,000 10,000,000 10,000,000
127 ,638,275 125,138,275 112,969,525
16 ,234,000
16.234,000 16,234,000
161,332
5,008,060
3 ,326,400
2,851,200
2,851,200
3 ,160,960
3,160,960
3,160,960
2 ,152,919
1,607,271
1,480,540
1 269,027
1,225,767
1,178,187
250,000
250,000
1250,000
T
loss
Insurance fund
Surplus dividend fund
Pension fund
Stock and bonds of St. L. A.
H. and subsidiary
3,328,300
262 ,399,881 263,843,833 243,325,744
Total assets
&
T.
lines
3 ,328,300
Total liabilities...
-V. 81, p. 264.
3,328,300
.262,399.881 263,843,833 243,325,744
Louisville & Nashville Railroad.
{Report for the Fiscal Year Ended June 30 1905.)
The annual report of the Board of Directors (Mr. H. Walters, Chairman, and Mr. M. H. Smith, President,) will be
found in full on pages 1112 to 1122 of the "Chronicle," with
the most important tables.
The statistics for four years have been fully compiled for
the "Chronicle" as below:
ROAD AND OPERATIONS.
Aver, miles operated.
Equipment
Locomotives
—
Passenger cars
1904-05.
3,826
705
515
33,241
1903-04.
3,618
676
501
1902-03.
3,439
605
471
28,118
705
1901-02.
3,327
589
462
24,880
586
Freight, etc., cars
30,905
Roadway cars
1,149
779
Operations
Passengers carried
9,518,705
8,647,469
7,683,650
7,197,018
Pass, carried 1 mile. .370,084,220 314,681,892 292,288,632 263,429,527
Rate p. pass. p. mile. 2.28 cts.
2.38 cts.
2.37 cts.
2.32 cts.
Freight (tons) car'd a 21,041,000 21,429,278 20,677,856
18,320,972
Freight (tons) car. I m. 3505899658 3460354603 3413321406 3072503736
Rate p. ton p. mile
0.791 cts.
0.790 cts.
0.779 cts.
0.741 cts.
Av. tr. load (rev.)tons
229
234
231
231
Barns, per pass. tr. m.
$1,314
$1.2515
$1.2429
l$l,1475
do p. fr't tr. mile..
$1,812
$1,850
$1,802
$1,711
Gross earns, p. mile..
$10,066
$10,210
$10,308
$9,232
—
a Not including company's
freight.
35,449,378
30,712,257
13,004,.-,:;.-,
6,599,028
836,544
12,449,169
5,344,161
5,320,072
857,410
10,865,177
4,535,930
4,440,252
1,001,079
25.141,548
23,970,812
20.902,438
,442
11,802,245
1904-05.
1903-04.
12,027,050
11,802,245
RccczdIs
Net earnings
(67.02.1
(68.06)
11,478,565
9,809,819
1902-03.
%
11,478,565
1901-02.
%
9,809,820
1,027,491
1,635,154
1,122,493
1,001,021
13,654,541
13,437,399
12,601,058
10,810,841
985,365
5,358,042
921,700
5,347,297
Total disburses. 10,427,500
Balance, surplus
3,227,040
9,749,228
3,688,171
Total income
Disbursements
—
844,474
832,074
4,708,345
4,845,033
73,112
118,061
205,931
205,931
278,672
192,990
140,000
141,100
144,400
130,452
71,877
07,700
89,905
42,590
127,155
53 ,464
(6)3,600,000(5)3,000,000(5)3,000,000 (5)2,875,000
Interest on bonds
Other interest
N. &D.RR.rent
Sinking fund
ToS.
&N. A
Miscellaneous
.
Dividends
9,390,010
3,211,048
8,960,532
1,850,309
GENERAL BALANCE SHEET JUNE
on IU.C. bonds..
3,431,035
2,961,615
2,999,740 d3, 608,656
2,415.079
2,416,653 rf2 474,289
Rent of C.S.L.&N.O. 2,415,060
571,243
Rental D. &S.C.RR.
449,482
96,366
505,161
507,435
520,209
507,525
Rent St. L. A. & T. H
507,525
Rent of Peoria Di v..
98,336
136,306
149,593
76,732
6% dividends-(I. C). (7)6,652 800 (6)5,702,400 (6)5,702,400 (6)4 752,000
For betterments
886
1,683
2,579,329
4,881,253
340,172
Extending bonds
100,000
Bonds drawn
50,000
50,666
Discoun on bds. sold. 1,255,396
Insurance fund
500,000
Int.
36,943,793
INCOME ACCOUNT.
40,821,030
of way, etc
Maint. of equipment.
331,084
70:;
I
.05)
i
45,186,077
Maint
330.568
.-,,701
1
$
20.578,621
7.014,087
791,991
1901-02.
$
22,772,170
6.217.X03
773,041
034,146
314,491
81
Operating expenses
Transportation
13,509,780
Maint. of way, etc...
5,702,533
Maint. of equipment..
6,346,098
fern ral
931,610
46,831,136
— 49,508,049
27,348,817
7,643,686
806,715
7,071
—
1902-03.
I
890
858,772
415
Express
Misot Uaneous
Gross receipts from
Operating expenses
1903-04.
Assets
1905.
$
—
Road, equipment, etc
Timber, quar. lands, etc
Stocks owned
Bonds owned
Stocks and bonds in trusts, etc
Bills and accounts receivable, individuals & cos., agents, etc
Material, fuel, etc
Cash
Advances to subsidiary companies.
Improvements and betterments
Miscellaneous and contingent
Total assets.
—
30.
1904.
S
1903.
$
152,451,526 133,472,240 123,355,252
1,018,521
1,279,226
1,079,566
5,314,336
7,371,460
7,800,269
5,023.426
3,755,708
1,556,221
22,380,306 22,380,306 25,012,612
3,767,926
3,245,759
601,038
3,283,553
2,349,460
4,399,935
3,564,334
2,492,509
4,765,716
11,090,882
3,786,399
3,872,238
2,830,473
4,311,065
1,911,724
4,728,816
2,638,665
2,515,406
202,568,068 195,631,531 181,207,274
Liabilities
Stock
60,000,000
60,000,000
60,000,000
Bonded debt (see"Ry. &Ind" Sec)114,346,500 113,342,500 104,287,321
Interest and rents
2,026,511
1,954,577
2,011,060
Dividends
1,840,692
304 ,094
4,349,212
Reserve funds
319,707
Taxes, miscellaneous andcontinge't 4,482,245
Traffic balances etc
Pay-rolls, vouchers, etc
,
Profit
and
Total
loss
14,899,106
.
1,563,582
529,296
3,613,741
39,304
926,743
8,292,740
.202,568,068 195,631.531 181,207,274
liabilities
— V. 81, p.
1,535,826
154,899
2,919,432
24,015
3,959,373
11,684,426
726. 723.
Nashville Chattanooga & St. Louis Railway.
(Report for Fiscal Year Ending June 30 1905.)
President J. W. Thomas says in part:
Additions New Equipment.
The increase in percentage of expenses
to earnings for the past two years has been on account of $1,102,196
expended in 1903-04 and $817,735 expended in 1904-05 for additions
to property, included in operating expenses. Deducting these amounts
the percentage of operating expenses was for 1903-04, 63.48, and for
—
—
1904-05,66.60.
(Of the $817,735 for additions charged to operating
expenses in 1904-05, $452,601 represented new rolling stock, viz.: 10
locomotives; 13 cars for passenger service and 316 freight and service
and $133,363 was for new side tracks. The total number of
cars)
freight cars is 8,049, of which 250 are forty-ton, 5,552 thirty-ton and
2,247 twenty-ton capacity.
The policy of improving the property has been continued, $1,884,279
having been expended for maintenance of way and structures, which
is an average of $1 ,537 per mile of main line.
There were 41.78 miles of new 80-lb. steel laid in the main line, replacing lighter steel, the entire cost being charged to repairs.
Weight of steel rails in track on June 30 1905.
35-40 lb. 524b. 5646. 58-lb. 6046. 6846. 8046. Total.
Lines—
12
151
79
277
6
122
Miles owned...
187
834
135
1
118
115
Miles leased...
22
391
There were 656,574 cross-ties and 308 sets of switch ties used in renewals; 29,857 cross-ties and 143 sets of switch ties used in improvements;
172,523 cubic yards of ballast were put in the track, and 2,677,lineal feet
of trestle filled.
—
The Bon Air, Tracy City and Eastland extensions have
Extensions.
been completed at a cost of $62,403.
During the past four years extensions aggregating 35.97 miles have been constructed at a cost of
upon
which
$596,682,
$100,000 first consolidated mortgage 5 p. c bonds
have been issued.
OPERATIONS AND FISCAL RESULTS.
Miles oper. June 30..
Equipment—
1904-05.
1,226
1903-04.
1,201
1902-03.
1,195
1901-02.
1,195
Locom oti ves
234
224
211
198
Passenger cars
214
201
192
189
Freight cars
8,049
7,740
7,243
6,589
32
28
Other cars
39
28
Operations
carried
Passengers
2,089,720
1,947,102
1,756,514
1,551,266
69,499,286 63,095.968
Pass, carried 1 mile.. 87,692,940 80,860,145
2.45 cts.
2.44 cts.
2.54 cts.
2.49 cts.
Rate per pass. p. mile
5,321,052
5.246,994
Freight (tons) carried 4,950.386
4.292,465
Freight (tons) 1 mile.: '96,272,087 849,295,187 846,052,482 659.284,52s
0.9 cts.
8.8 cts.
0.86 cts.
Rate per ton per mile.
0.89 ct8.
$8,249
$8,498
Gross earns, per mile.
$8,033
$6,608
$1.16
$1.08
SO. 96
Earns, p. pass. tr. m.
$0.95
$1.85
$1.92
$1.90
Earns, p. freight tr.
$1.67
—
m
a Also owns 2 steamers, 3 transfer barges, 1 wharf boat.
$
$
Earnings
$
2,192,832
2,023,032
1,807,801
Passengers
7,187,463
7,504,730
7,234,640
Freight
732,761
678,261
563,929
Mail, exp., rents, etc.
—
Total gross : earnings 10,113,056
10,206,023
9,606,370
1,606,476
5,872,896
513,158
7,992,530
*
Oct.
THE CHRONICLE.
7 1905.J
—
Expenses
Maintenance of way..
Mam. of equipment..
Conducting transport.
General
Add. toprop A-oquipTotai expenses
P.O. of e\p. to earns..
Not earnings
Income from Invest..
1904-05
3
1,640,724
1,270.008
3,681,996
242,187
817,735
1903-04
1902-03
1901-02
$
1,456,792
I
I
1,092,017
1, Kit'.. DCS
3,655,599
229,472
1,102,200
1,183,698
987,224
3, 180,129
217,485
1,127,068
861,796
3,005,157
197,961
465,183
Character
Miles.
—
7,581,031
7.552.650
.',114
6,995,604
(74.68]
(74.28)
(72.82)
(70.34)
2,560,406
18,931
2,624,992
18.297
2,610,766
22.066
2,370,415
18.130
2,579.337
2, 613, 289
2,032,832
2,388,546
85 5,980
218,754
625,878
6,643
& misc.
.000
Dividends on stock...
(5)500,000
225,014
625,878
67,628
(4)400,000
Total disbursements
Balance surplus
2,336,612
212.725
2,275.163
368,126
Taxes,..
Rentals
retired
972,828
210,646
62.5.878
952,000
204,670
625,870
26,000
81,1 80
1,835,352
797.4SO
1,863,835
521.711
CONDENSED BALANCE SHEET JUNE
1905.
I ^sc/s -*
•"
Road and equipment...
28,077,699
904,245
150,792
569, 2S1
251,744
25.827
44,294
325,120
997.377
105,135
934, 39S
Cash on hand..
Unadjusted claims
Pad. & Memp. Div. improvements.
Total
10,000,000
16,088,000
10,000,000
16,121,000
396,745
250,000
18,947
400,143
200,000
18,493
10,000.000
16,021,000
282,042
400,281
812,619
64,689
29,957
3.852,961
770.741
89.600
101,359
3,890,889
834,718
62.367
15,639
3,597,905
.31,513,918
31,592,224
31,232,116
interest accrued..
Dividend payable...
Dividends unclaimed
Audited vouchers, pay-rolls and accounts pavable
Traffic balances
Reserve for doubtful accounts
Profit and loss
Total
-
41,727
296,350
725,232
63,251
177,047
31,232,116
Funded debt
Notes payable
—V.
S
27,853,919
960, 39S
178,15 1
594, 41S
315,091
26,228
31,592,224
,
Coupon and other
162,704
603,215
271,495
16,757
41,908
291, 2S6
855,807
159,878
177,047
1903.
31,513,918
—
Capital stock
30.
1904.
$
2S, 140, 103
Securities owned, at cost
Real estate
Materials and supplies
Due from station agents
Notes receivable
Traffic balances
Accounts receivable
Liabilities
Louis Southwestern Railway.
(Report for Fiscal Year Ending June 30 1905.)
St.
Edwin Gould says
in substance:
sheet indicates a most gratifying financial
— The balanceabsolutely
from floating debt, and, on
Your company
Balance Sheet.
is
free
condition.
the- other hand, the amount of cash and other current or working assets
excess
of
the
amount
of
current
liabilities.
is largely in
Funded Debt. The increase in funded debt of $2,969,000 is caused by
the issuance of additional bonds as follows:
Par Value.
First consols issued (1) on Lufkin extension (formerly Texas
§520,000
& La. RR.t, 26 miles
992,000
(2) On propertv of Dallas Terminal Rv. & Union Depot Co. .
(3) To acquire equipment trust notes of St. L. S.-W. Ry. Co. 1,337,000
Grav's Point Terminal Ry. first mortgage bonds (guaranteed),
construction of additional side and terminal tracks
120,000
During the fiscal year there were acquired from the proceeds of sale
of first oonsols equipment trust notes aggregating SI, 116, 052, leaving
in the hands of the public on June 30 1905 SI ,058,334. However, since that
date these notes have all been acquired from proceeds of first consols,
and deposited with Bowling Green Trust Co., trustee, as security for
the new bonds.
The crops in the territory adjacent to your company's lines
Outlook.
appear to be quite generally up to the average, and the prospects for
future traffic are, therefore, favorable.
—
—
Vice-President and General Manager F. H. Britton, under
date of Sept. 1 1905, says in part:
The total mileage of main track in operation on June 30 1905
Mileage.
was 1,451.6, an increase of 142.7 miles, viz.: St. Louis Union Station to
Rock. Grovel.
121.75
1905
639.04
111.32
592.72
1904...
V. 81, P. 665, 614.
etc.,
Valley Junction, 111. (terminal trackage via Merchant's Bridge), 14.3
miles; Valiev Junction, III., to North Bridge Junction, III. (joint track
with St. L. I.-M. &S. Ry.— (Illinois division), 119.3 miles, North Bridge
Junction, 111., to Illmo, Mo. (Thebes Bridge tracks), 4.6 miles; Monterey,
Tex., to end of track (extension of Lufkin branch), 4.5 miles.
Maintenance. The charges to maintenance of way and structures
account averaged $1,014 per mile of main track operated (excluding the
mileage of the Illinois division (operated under joint trackage arrangement), as against $1,074 for the preceding fiscal year.
Equipment. During the year 361 freight cars, small and light (268
box, 93 stock), were condemned and disposed of for their scrap value.
In all there were about 825 of this class of cars still on hand, which
will be disposed of in a similar manner as fast as circumstances will permit.
Shreveport Bridge & Terminal Co.
A new bridge across the Red River
at Shreveport, La. (the Vickshurg Shreveport & Pacific Ry. Co. 's bridge
is now used under a traffic agreement), is being built by the Shreveport
Bridge & Terminal Co., in which this company owns a controlling interThis will be a steel bridge, consisting of eight concrete piers, and
est.
one 150 ft. through pin span, one 296 ft. 9 in. through pin draw span,
and four 200 ft. through pin spans. See V. 81, p. 614 and page 1101.
Thebes Bridge.
The new bridge of the Southern Illinois & Missouri
Bridge Co.. across the Mississippi River between Illmo Mo., and Thebes,
111. (known as the Thebes Bridge), was completed and opened for traffic
on April 18 1905. This company owns a one-fifth proprietary interest
With the opening of the bridge, the delay to traffic
in this structure.
incident to the operation of car ferries at this crossing was done away
with, and the position of the company materially strengthened, both
from an operating and traffic standpoint.
Effective April 18 1905, a contract was entered into with the Chicago
& Eastern Illinois RR. Co., granting that company trackage rights for
its freight and passenger trains over this company's line between Illmo
and Rockview, Mo., a distance of 7.54 miles, enabling that company to
connect
with the tracks of the Southern 111. & M. Bridge Co.
—
—
—
—
—
Improvements. Substantial improvements have been made to the
property during the year under review, and further improvements are
contemplated during the ensuing year.
Outlook.
The traffic prospects for the coming year are reasonably
bright at the date of this report, although the cotton crop will likely fail
short of the crop of la»t season.
Passenger traffic will also suffer somewhat by comparison with the year for which this report is rendered on
account of the temporary annulment of passenger train service and limited passenger travel in sections where strict quarantine regulations,
due to the yellow-fever epidemic of 1905, are effective, and the heavy
travel during the World's Fair period of the previous year.
—
of
have been
Operation.
6.16
6.15
610.05
005.39
in
Main Track
Ci'nNat.
ders.
Total.
33.91
36.80
June
1.307.40
1,302.93
30.
Soii. Bridges. Tresilet.
68.02
60.68
429.27
488.98
— Operations,
48.07
48.03
L.25
1.20
earnings,
Total.
1.307.10
1,302.93
charges,
:
OPERATIONS, EARNINGS, EXPENSES, CHARGES, ETC.
1904-05.
1903-04.
1902-03.
1901-02.
Aver, miles operated.
1,418
1,304
1,291
1,293
Operations
1,380,126
1,318,313
Passengers carried
1,436,149
1,236,335
'ass carried 1 mile.. 83,286.676
60,460,489 54,759,712 58,073.255
2.4-1 CtS.
Kate p. puss. p. mile.
2.14 cts.
2.44 cts.
2.35 cts.
Tons freight moved a 2,802,522
2,650,050
2,593,546
2.586,387
do
do 1 mile a. ..613,965,742 508,377,628 502,219,405 514,942,815
Rate p. ton p. mile a.
1.07 cts.
1.13 cts.
1.10 cts.
1.08 cts.
Av. tr. lo'd (rev.) tons
253
267
252
232
$0,855
Earns, p. pass, tr'n m.
$0,748
$0,804
$0,833
$0,888
Earns, p. fr't tr'n m__
$ 2.892
$2,812
$2,533
Gross earns, per mile.
$5,868
$5,868
$5,636
$5,620
—
l
o Not including company's freight.
Earnings
Passenger
—
$
Freight
Mai), express, etc
Total
Expenses
Transportation
Maint.of equipment..
Maint'ceof way, &c_.
General
—
S
1,781,937
6,576,982
501,312
1,475,485
5,729,620
444,380
1,337,732
5,538,014
402,828
1,364.435
5,555,727
347,098
8,860,231
7,649,482
7.278,575
7,267,260
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
2,636,721
6,219,373
5,173,066
Total...
2,640,858
182,975
5,421,597
( 70.88)
2,227,888
76,469
5,256,164
Net earnings
Other income
Total
Deduct
2,823,833
P.
c. of
exp. to earns.
(70.19)
—
819,588
1.357.932
358,825
(72.21)
(71.18)
2,022,411
182,602
2,094,194
89.019
2,304,357
2.205,013
2.183.213
218,195
174,515
161.751
195.019
1.373,076
1,304,600
1,297.200
814.848
130,420
130,420
25,000
131,414
130,460
400,000
385,419
59,143
1,765,949
538 ,408
1,640,639
564,374
Taxes.
and cons.
mortgage bonds ...
Int. on 2d mortgage
income bonds
Equipm't payments..
Rentals and miscell..
Int. on
1st
58,320
Total
Surplus d
1,780,011
,043 ,822
1
51,228
1,855.023
328,190
—
a Note The charges as above include the interest paid on the second
mortgage income bonds held by the public, which the company charses to
profit and loss.
The surplus for the several years as above is therefore
less than the surplus shown by the income account in the pamphlet report by just that amount.
CONDENSED BALANCE SHEET JUNE
Assets
1905.
$
—
Road and equipment...
30.
1904.
S
1903.
$
67 346 050
3S0'000
3,519 731
11862 883
Miscellaneous
69,724,452
500,000
5,599,308
2,331,987
894,192
1,341,481
849,481
657,838
61,214
68,440,192
380,000
5,620.244
12,153,546
1,479.501
389,967
731,434
823,588
58,754
Total
81.959,953
90,077.226
87,160,619
.20,000,000
16,500,000
20.000,000
16,500,000
20,000 000
16.500'000
39,275,250
236.054
1,058.334
469,799
43.325,750
147,347
5,620,245
454 414
1.687,265
Gray's Point Terminal Ry
Trust equipment
Investments in stocks and bonds
Advances
Cash
Accounts collectible
Supplies and materials
—
at Illmo.
and Bridges
Ballast
30.07
30.07
"~18~,i64
81. p. 1044. 612. 265.
President
617.01
615.17
8.95
8.05
Miles.
Interest
Bonds
in -Minn
Track June SOth.
70-/6. 60-16.
85-16.
66-J6.
Rail
Steel
of
1905
1904
Statistics
Total income
Disbursements
1097
.
r
—
Liabilities
Preferred stock
Commonstock
Bonds
(see
"Railway
&
trust notes
Interest on bonds
Sundry accounts payable
1,397*494
51,365
3.145,155
2,342,205
43,205.750
68 434
3 519'731
'455*046
1.720*373
14 187
1.677*098
81,959,953
90,077,226
87.160.619
1.275,361
Miscellaneous accounts
Credit of income account
..
Total
— V. 81, p.
716.430
631280
Industrial"
Section.
Reserve funds
Equipment
]',255'386
665. 614.
&
Toledo
Ohio Central Railway.
(Report for Fiscal Year Ending June 30 1905.)
President Monsarrat says in substance
:
General Results.—-The increase of $167,967 in gross earnings was
made
U
tne fo lowlngitems viz Coal traffic, $203,228; other freight traffic.
P 2L
$1,708; mail and express, $2,499; total, $207,435.
Less decrease in
passenger earnings, $6,035, and miscellaneous earnings, $33 433
The
increase in operating expenses was $125,588.
The number 'of tons of
freight earned one mile increased 46,920,601, while the expense
of conducting transportation decreased $28,826. All of the increase in operating expenses and the gTeater part of the saving in conducting transportation went into maintenance of way and structures and maintenance
of equipment, which together increased $153,381.
The train-load averaged 460 tons, an increase of 8 tons.
Bituminous coal amounted to
72.31 p. c. of the total tonnage as compared with 71.17 p. c. the previous year.
Extraordinary expenditures aggregating SI 60,38.3 were charged to
operating expenses through the renewal reserve fund, viz
For purchase
er uir)rnen t (9 cars for passenger and 112 cars for freight service),
ci-Tcfn
$138,048; for 4 new caboose cars built at company's shops, $1,805; rebuilding 213 freight cars, $20,529.
3,363 tons of new 80-lb. steel rails were laid on 26 miles; 184,141 new
cross-ties were placed in the main track, 39,189 in sidings and 24 miles
of track were ballasted; also other considerable renewals and Improvements to bridges and buildings charged to operating expenses. Expenditures aggregating $145,760 wen- incurred for capital account.
Equipment notes (principal) were retired during the year amounting
to $397,198.
.l
'
'
:
:
l
'6
THE CHRONICLE.
1098
Statistics.
— Following are comparative tables
for four years
OPERATIONS, EARNINGS. EXPENSES AND CHARGES.
•
1904-05.
Miles oper. June 30
Operations—
1903-04.
441
441
1901-02.
1902-03.
436
436
No. of pass, carried..
882,380
852,415
785,830
878,547
No. of pass. car. 1 m. 31,328,357 30,608,888 30,997,493 25,410,710
Rate per pass. p. ra_
1.88 cts.
1.74 cts.
1.76 cts.
1.64 cts.
Tons moved
5,178,946
4,667,133
3,857,632
4,816,403
Tons moved 1 mile
673,422,207 626,501,606 635,421,336 496,183.180
Rate per ton p. mile . 0.464 cts.
0.465 cts.
0.438 Cts.
0.453 cts.
Av. train load (tons) .
469
382
460
452
.
Earns, p. pass. tr. m_
Earns, p. fr't tr'n m._
Earnings
Passenger
Freight
Mall, exp. &miscel ..
$0.60
$2.13
$
546,660
3,123.534
96,467
$
$
$
552,695
2,918,598
127.391
523,545
2,789,306
133,896
490,801
2,249,834
137,023
Gross earns, from op.
3,766,651
3,698.684
3,446,747
2,877.658
Wav
621,919
704,862
1,406,366
60,444
134,217
528,796
644,604
394.748
585,789
1,435,193
62,760
130,868
541,280
605,766
1,329,797
62.841
128,143
taxes.
2,927,808
(77.73)
P.c. of op. ex. to earn.
838,843
Net earnings
Other income
14,910
2,802,221
(77.87)
796,463
109,403
2,667,826
778,921
31,938
2,278,477
(79.08)
599,181
17,589
853.753
905,866
810,859
616,770
—
and structures..
Maint. of equipment
Transportation
General
Taxes
Oper. exp.
&
Total
Deduct
Interest on bonds
Int. on car trusts
—
•
•
404,000
29,976
61,374
Miscellaneous
1905.
$
—
474,566
431.300
1904.
&
284,000
201,446
supplies.
Cash
Cash
with" "financial agents
Bills receivable...
Road. Ind. & cos.
Agents and cond's
Miscellaneous
477,166
139.604
485,433
325,426
30.
80,167
348.803
369,338
25,311
28,068
Total
85,104
12.785
989,384
22.038.681 22,031,911
Louisville Railway.
earnings, income account, etc.
1903-04.
1902-03.
5,300,623
654,826
716,411
1,513,167
321 ,086
210,679
618,070
628.014
1,364,816
313.285
192,173
543.380
568,819
1,260,168
287,241
193,525
Total
c. exp. to earnings.
Net earnings
Add dividends, &c...
3,630,041
2,853,133
5.066,131
4,581,157
3,416.169
3,116,358
(64.71)
(64.45)
1,979,710
160,432
1,884,454
257,051
(61.51)
1,949,773
2,140,142
(62.28)
155,751
1,728,024
129,447
2,141,505
2,105,524
1,857,471
772,100
253,094
772,100
250,023
772,100
224,193
772,100
199,197
1,025,194
1,114,948
200,000
1,022,123
1,119,382
200,000
996,293
1,109.231
200,000
971,297
886,174
200,000
(1)105,000
1904.
1905.
$
$
29,171,716 28.871.716
2,428.208
Stocks and bonds. 2,614.967
477.489
458.082
Mater. & supplies.
533,491
558,269
Cash on hand
321,030
.
321,355
.
account
Coupon
220,815
303,834
Agents & cond's..
375,356
318.915
Roads. Ind.A co's.
189.755
Proceeds ref .bonds
Ref .bonds on hand 1.300.000 1,000,000
133.710
178.408
Improvements ...
108.443
Ind.&Lou.Ry.Co 115.668
178,146
Car.rcn.surp.acct .
7.988
8.700
Miscellaneous
—
Road & equip
35.528,059 34,668,000
974.
1904-05.
.
1905.
1904.
Liabilities
S
$
Stock, common. ..10,500,000 10,500,000
Stock, pref
5.000,000 5,000.000
—
Bonds
(see
"Ry. &
Ind." Sec.)
14.742,000 14,442,000
321,355
321,030
57,500
57,500
166,168
162,934
Roads. ind. & co's.
60,849
47.515
Accts. payable...
285.925
313,185
Res'd for acc'd exp
doubt .assets, &c
382.736
406.049
Replace't. accts...
94.815
128.169
Miscellaneous
15.161
14 266
Profltandloss
3,901.551 3.276,352
Coupons matured.
Bond int. accrued.
Pay roll chks. issu'
Total
.
—
.35,528,059 34,668,000
$82
100
89
as follows:
1903-04.
1902-03.
207,774
22,054,500
2 .3 1 73 cts
169,172
6,649,067
2.7593 cts.
193,190
14,757,308
2.7882 cts.
136,227
5,510,476
2.7348 Cts.
1901-02.
163,179
13,578,940
2.8530 Cts.
147,295
6,076,140
2.8004 cts.
$
170,158
$
183,469
511,074
40,873
150,702
411,475
39,437
827,380
551,901
735,416
549,640
601,614
437,882
593,668
434,925
275,479
185,776
163,732
158,743
31,000
Miscellaneous
cr. 2,523
Divs. on pref. stock. (5)66,225
do com. stock.. (5)132,465
31,000
cr. 1,237
26,330
1,776
(5)65,583
(2^)66,232
30,939
cr. 1,108
(5)65,583
(2)^)66,875
(2H)«6.875
227,167
48,312
162,220
23,556
162,289
1,443
157,011
1.732
Deduct
—
Interest on bonds..
(5)66,225
1904
S
Property account ..4 623.800 4,623,800
1905.
S
Assets —
Bonds and stock
in
676.200
8,159
239,378
676,200
56,277
33,532
39,675
44.238
—V.Totalp. 614. 156.5,637.346
5,512,944
owned
bank
in
129,031
Due
from agents,
railconductors,
roads and others.
Fuel and supplies
cr.
30j
Liabilities
First mort.
387,357
36,153
—
1905.
$
1904.
8
bonds ..1,300,000 1,300,000
Stock, common
Stock, preferred
Pay-rolls
2,675.000 2,675.000
1,325 000 1,325.000
20,048
21.134
Vouchers
22,878
12,594
Due RRs. and others 26,053
27.377
Interest
7,750
7,750
Dividends due
165,577
99,345
Taxes
6.183
4,800
Income account
88.256
39,944
Total
5,637,346 5,612,944
81.
Distillers Securities Corporation.
Ending June 30 1905.)
President E.J. Curley says in substance:
The balance sheet for the year ending June 30 1905 is herewith presented, showing assets and liabilities of this company and of its constituent companies. On June 30 1902 the surplns amounted to $3,967,900,
and on June 30 1905 to $5,977,863, being an increase in the three years
The net earnings from all sources for the late year
of $2,009,963.
amounted to $2,472,030, against which $903,149 was charged for
(Report for Fiscal Year
interest
on outstanding bonds, leaving a
and surplus
common.. .(2^)288,750(2^)262,500(2^)262,500
CONDENSED GENERAL BALANCE SHEET JUNE 30.
Total
—
.
Casb
1901-02.
739,519
694,381
1,656,892
331,031
208,218
—V.81.P.
Operations
treasury
5.609,751
Assets
189
Tons carried
211,354
Tons carried 1 mile. 20, 129,246
Revenue p ton p m .2 .8398 cts
Securities
Total earnings
Expenses
Maint. of way, Ac ...
Maint. of equipment.
Transportation
General
Taxes
c.
$708
646
283
$1,779
1,574
1,207
BALANCE SHEET JUNE
—
Div. on
20
18
Total
Surplus ._
m
Total
Sur. for dividends
Div. on pref., 4 p.
1905...
1904
1903
Net earnings
68",637
m
Rentals
AVER. ANNUAL MAINT.L 'motives. Pass. Cars. Ft. Cars
L'motives. Pass. Cars.Ft. Cars.
18
21
190
18
19
188
173.431
—
Interest on bonds
-ROLLING STOCK JUNE 30
June 30
Gross earnings.
Oper. exp. & taxes.
592
592
556
546
Miles oper. June 30
Operations
1,400.026
carried
1,438,598
1,375,197
Passengers
1,289,949
Pass, carried 1 mile .. 61,336.433 59,099.156 60,999,175 56,191.002
2.061
cts.
2.097
cts.
2.024
per
cts.
pass,
.
1.976
per
cts.
Rate
3.229,127
2,965.945
2,810.667
2,631,487
Rev. fr't (tons) car'd
Ft. (tons) car'd 1 m. 507,057,960 453.014.189 454,966,020 421,279,146
0.824 ct
0.789 ct.
0.776 Ct.
0.757 ct.
Rate per ton per
312
288
304
313
Av. tr'n load (tons) ..
$1.18
$1.20
$1.22
$1.14
Earn, per pass. tr. m_
$2.37
$2.47
$2.36
$2.37
Earn, per fr't tr.m
$8,961
$9,484
$9,151
$8,556
Earn, per m. of rd
$
$
$
Earnings
$
1,239,101
1.265,191
1,234,470
1,110,467
Passenger
3.735.029
4.002,238
3,528.295
3,190,216
Freight
326.493
342,322
303,366
280,474
Mail, exp's & misc ...
—
being continued.
127,737
386.043
OPERATIONS. EARNINGS AND EXPENSES.
Total
Disbursements
The physical condition of the property is constantly
The policy of substituting permanent metal
and stone structures for the wooden bridges originally constructed is
450,000
148,014
618.957
have been as follows
P.
buildings, $5,768; one parlor
These amounts were charged in
undergoing improvement.
148.844
coup., dlv.,
etc. .
Equip.""& "betterment loan
Unpaid labor
Roads, Ind and cos
Bills
receivable
Year Ending June 30 1905.)
1904-05.
new
operating expenses.
148,426
lnt
&
Chicago Indianapolis
—
ballasting, $8,192; steel rails, $6,902;
car, $3,224; four tank cars, $1,600.
8,500,000
1,341,946
22,038,681 22,031,911
—Operations,
—
398,137
.
79. P. 1329.
Statistics.
'
8, 500.000
Bds. (see "Ry. &
Ind." Section) .
Car trusts
236,439
18,678
61,667
30,873
Drafts In transit..
4,585
Income account.. 1,214,905
(Report for Fiscal
—
Rates.
The report of the Railroad Commission of Texas, under date of
Nov. 10 1904, says: "During the year many reductions have been made
in the rates which railroads are permitted to charge.
Some of the
heaviest reductions apply on stone, sand, gravel, etc.' ? Stone is among
the principal commodities handled by this line. The excess baggage
rate and the fare for children were also reduced by the Commission and
many other reductions in rates have been made." The Commission
can, in its report for the year ending June 30 1905, boast of still further
reductions in rates; among them is a reduction of 5 cents per hundred
pounds on cotton transported by Texas railroads between points in
Texas. Nowhere in the report of the Commission is attention called to
any increase in rates permitted to be charged by the railroads in Texas,
notwithstanding the increase in wages, cost of fuel, and other supplies,
and also in the rate of taxation made by the last Legislature.
Maintenance and Improvements. Ties to the number of 127,820 were
placed in the track during the past twelve months, at a cost of $68,823.
There was expended in improvements and additions to the property and
equipment $41,439, as follows: Masonry, $10,128; steel bridges, $5 624-
Passengers carried..
181,835
Pass, carried 1 mile. 7,765,899
Rev. p. pass. p. m_ .2.7741 cts.
Earnings
$
Passengers
215,435
Freight
571,623
Mail, express, etc
40,322
discounted
Total
$45,789.
1904.
S
6.500.000
3.708.000
Bills payable
Accrued taxes
J
Reserve accounts.
—V.
—
1905.
S
Stock, common .. 6 ,500,000
Stock, preferred.. 3 ,708,000
Liabilitlen
238.813
159,668
82,082
283,412
339,726
24.335
15.505
401 ,000
63,943
12,223
—
$
and
17,613.914 17.516.763
equipment
Bonds and stocks
3 194.261 3,264,979
owned
Mat'ls
402,005
60,387
23,041
Texas Central Railroad.
(Report for Fiscal Year Ending June 30 1905.)
Vice-President Charles Hamilton says in part:
General Results. The gross earnings show an increase of $91,964, or
12J4%; the operating expenses an increase of $2,261, or 4-10% and the
net earnings' an increase of $89,703, or 48.29%; after deducting dividends
of 6 p. c. on both classes of stock, there was a surplus for the year of
Earnings, expenses, charges, etc., have been
BALANCE SHEET JUNE
Assets
Cost of road
1,129.441
62,125
106,374
(7735)
404,083
51,680
18,803
485,350
368,403
Total
Balance, surplus ...
$0.67
$1.73
$0.59
$2.06
$0.60
$2.11
[Vol. lxxxl,
net- profit- available for
dividends
The company nas continued the payment
quarterly dividend of 1 p. c, and $261,872 has been added
of $1,568,881.
of the regular
to the surplus.
The plants have been maintained in a state of high efficiency, and the
cost of additions, maintenance and repairs has been deducted from the
gross profits.
Merchandise, materials and supplies aggregating $3,325,493 have
been taken at actual cost. This item consists of the following: Finished
goods (whiskies and spirits), $2,845,522; goods in process, $57,723;
grain, $120,844: manufacturing supplies (cooperage, fuel, charcoal, etc.),
$131,238; general supplies, consisting of repair materials, horses, wagons,
general merchandise, copper, metal, etc., $170,166.
The item of securities $3,993,134 represents mainly investments
in various distributing and other companies, which are taken at actual
The value of these investments, based on the net value of the
cost.
current assets of the companies, amounts to $4,315,518, or $322,384
more than that at which they are inventoried.
Accounts and bills receivable and accounts and bills payable are all
current, and represent the trade receivables and payables of the comAll accounts between the companies have been eliminated on
panies.
both sides so as to show the net figures.
—
—
of the spirit branch, all departments have shown
in net profits.
The condition of the spirit market accounts
for the difference in gross receipts for the year compared with those of
the preceding year, and also accounts for the slightly decreased net
As has been heretofore stated, spirits constitute the raw proprofits.
duct. They are an entirely different commodity from rye and Bourbon
whiskies, the manufacture and sale of which form the more important
and profitable part of our business. The process of manufacturing spirits
is different and the method of handling and distribution is equally so.
Whiskey
Spirits are sold and used immediately after their production.
is not available for use or consumption until from three to six years after
dependent
and
its
value
is
largely
upon
brands. Spirits
its production,
are not sold by brand or trade mark, as are whiskies, and there is no
the
difference
in
kind
between
spirit
output
of the several
particular
spirit distilleries.
The management, some time since, determined upon a course which
would lead outside spirit distillers to realize that certain well-considered
With the exception
an increase
business methods chould be pursued by
all
engaged in that branch.
——
Oct.
7 1905.
—
—
THE CHRONICLE.
|
\ccordinslv this company has so conducted Its spirit department as
to result in the adoption of a businesslike and conservative course by
The fact that this company has other avenues of income
the outsiders.
from Its various other branches an advantage possessed by no other
concern has been a potent factor in this connection. Since May of
this year the profits of the spirit department of the company have again
become normal, and if they continue as they are (and it is believed they
will) during the current year, the net profits will show a considerable
advance over the figures for the year just closed.
In accordance with the heretofore announced policy of economlring
in the administrative expenses of the different underlying companies.
the Standard Distilling & Distributing Co. was dissolved, and in consequence there will be a material saving in taxes, office expenses, etc. An
attempt on the part of the holders of one-tenth of one per cent of its
outstanding stock to prevent the dissolution was defeated, the New
It is contemJersey court having denied the sought-for injunction
plated during the current year to dissolve other subsidiary companlesfor
similar reasons.
The outlook for the current year is as good, if not better, than it has
ever been in the history of the company. The prospects, judged by
actuallv existing conditions and returns, justify the anticipation of
substantially larger profits for the current year.
—
—
,.
1099
—
—
Baltimore & Frederick RR.- Purchase. See Frederick &
Rliddletown Electric Ry. below.
Extra DivBelt Railroad & Stock Yards of Indianapolis.
An extra dividend Of 2 p. c. on the common stock
idend.
was paid on Oct. 1, regular dividends of 3 p. C. each having
been paid on Jan. 1 and July 1 1905, making 8 p. c. for (jhe
calendar year. Total common dividends since 1894:
Annual Dividends— .'95. 1896. 1897. '98to'02. 1903. 1904. 1905.
—
—
Total percent...
V. 77. p. 2389.
4M
5
—
5 yearly.
03^
—
8
7
—
Canadian Pacific Railway. New Securities. The shareholders at their meeting on Oct. 4 sanctioned the issue of
$7,500,000 of the $25,500,000 new common stock authorized a year ago, and the application of the proceeds thereof
This will increase
to the purchase of new rolling stock.
the outstanding issue of common stock to about $108,900,000;
They also authorized the
authorized limit, $110,000,000.
issuance of consolidated debenture stock at $30,000 a mile
EARNINGS. EXPENSES. CHARGES. ETC.
1903-04.
1902-03.
1904-05.
for the purpose of completing the Wolseley branch and to
Total receipts from sales of prothe amount of £S00,000 in order to build two new steamers.
$71,210,447 $79,167,166 $82,730,707
duct and all other sources
75.488,702
78,764,075 The lease of the Esquimault & Nanaimo Railway and the
Cost of produefn. distribut'n, etc 67.483,231
traffic agreement with the Spokane International Railway
$3,678,464
$3,966,632 also were ratified on the terms stated in the annual report.
$3,727,216
Gross profit
Deduct$175,028
$161,838 See V. 81, p. 902, 895.
$201,928
Interest on notes and loans
82,698
58,919
110,499
93,651
55,739
65.443
156.919
277.177
404,329
TaxesRentals
Insurance
Reserve fund
Additions and maintenance
Administration, etc., expenses..
SS.SL'l
55,357
116,891
10,000
736,881
209,4631
404,624/
$1,041,231
$1,169,788
$1,255,185
$2,637,233
$2,472,029
$2,796,844
$939,246
$612,052
$903,149
317.009
(4)1.305,462
(2%)604,066
(4%)1.
Total
Net earnings
Interest on bonds
Dividends
Total interest and dividends. $2,220,158
Balance, surplus
$251,871
BALANCE SHEET JUNE
$2,244,708
$392,525
$1,216,118
$1,580,726
SHOWING ASSETS AND
30.
LIABILI-
TIES OF DISTILLERS' SECURITIES CORPORA-
TION AND OF ITS CONSTITUENT COS.
Assets—
1905.
$39,444,878
Properties of constituent cos
Bonds held by Am. S. Mfg. Co.,
11,000
trustee
Provided by committee for pur-
1904.
1903.
$36,195,960
$35,179,155
x2,072,000
2,361,000
1,538,717
Cash
10,332,569
Accounts and bills receivable
Merchandise, materials & supplies 3,325,493
Securities of other companies
3,993.134
519,000
1,316,608
10,839,681
4,681,071
2,686,031
719,000
1,311,515
9,724,115
5,681,907
2,429,422
$58,645,792
$58,310,349
857,406,115
Capital stock issued
...$29,926,683
Stock with Mercantile Trust Co.
against outstanding stock of
Distilling Co. of America and
its constituent companies
2,552,157
Bonded indebtedness.
15,999,960
Unpaid dividends
371
Accounts and bills payable
3,964,651
$29,827,816
$29,475,854
2,651,024
16,518.960
265
3.519,105
67,188
5,725,991
3,002,986
16,595,960
146
2,975,331
22,372
5,333,466
.$58,645,792 [858,310,349
$57,406,115
chase of outstanding Distilling
Co. of America bonds
Total assets
Liabilities
—
224,106
5,977,863
Reserve accounts
Surplus account
Total liabilities
-V. 80, p. 1915, 1481.
—
are interested."
The incorporators of the new company are:
M. Fleishhacker, H. Fleishhacker, San Francisco; Alden Anderson,
H. H. Ferns, E. W. Smith, H. H. Griffiths, W. J. Batnett. J. Dalzell
Brown, John Treadwell, Fred. M. West and David M. Walker.
The "San Francisco Chronicle," quoted above, also says:
The new company plans to build 10 or 12 miles of electric lines in
Stockton immediately. This will be followed by the construction of 15
miles of track from Stockton to Lodi, and eventually lines reaching to
Sacramento, Modesto. Walnut Grove and other points. The estimated
mileage of the several lines is as follows: From Stockton to Lodi and
Sacramento and from Stockton to Modesto, including lines in each town,
90 miles; from Lodi to Walnut Grove, Sacramento County, 20 miles;
from Stockton to Walnut Grove, 35 miles; from Stockton to Calaveras
County, 30 miles.
The fact that some of the incorporators are identified with
the Western Pacific Ry. is stated to be without significance.
—
—
Central of Georgia Ry.
New Mortgage. The company
has filed a mortgage to the New York Trust Co., trustee, to
secure $600,000 "of purchase money first mortgage Upper
Cahaba branch gold bonds," to provide for the acquisition
from the Tunnel Coal Co. of valuable coal properties in St.
Clair County, Ala., and for the construction of a 10J^-mile
branch to this property.
The new bonds bear 4% interest, are dated'Aug. 1 1905, and mature
Feb. 1 and Aug.l in each year from Feb. 1 1906
1925, but subject to call on any interest date in any amount at
See
further
particulars
in report- V. 81, p. 920; also in V.-81,p.
102J^.
210.— V. 81, p. 974.
in semi-annual instalments
to Aug.
GENERAL INVESTMENT NEWS.
—
Central California Traction Co. New Enterprise. This
corporation was organized on Aug. 7 under California law6
with $2,500,000 of authorized capital stock, of which $300,000 is subscribed, to build and operate "eventually interurban electric lines with a total mileage of something like 200
miles of track, with Stockton as the centre of the system.
Electric power for the operation of the system will be obtained from the power plants of the American River Electric
Co., in which some of the incorporators of the new company
1
—
—
& Nashville" RR. Sold. A deed has been
the Register's office of Sumner County, Tenn., transferring this property, formerly known as the Middle & East
Tennessee RR., from Walter A. Webber of New York, to
William A. Northrup of Louisville, Ky. The consideration
named is $250 ,000 cash for the main line from Gallatin Tenn
to Scottsville, Ky., 35 miles, and $50,000 for the branch
from Roganato Hartsville, 11 miles. V. 55, p. 544.
Chicago & Alton Ry.
Report.
The results for the year
ending June 30 were:
Chesapeake
filed in
RAILROADS, INCLUDING STREET ROADS.
—
Atchison (Kan.) Railway Light & Power Co. Increase of
Capital Stock.
A certificate has been filed with the Secretary
of State at Topeka, Kan., increasing the authorized issue of
capital stock from 3300,000 to §900,000, of which $500,000
is common and $400,000 is 7% preferred.
All the new stock
is to be issued at once "for natural gas installation, extensions and improvements to present plant."
V. 72, p. 1278.
Atchison Topeka & Santa Fe Ry
New Cut-Off. The Gulf
Santa Fe & Northwestern Ry. was incorporated in Texas
on Sept. 14 with $475,000 authorized stock, to build from
Brown wood, Tex., on the San Angelo branch, to Texico on
the Texas-New Mexico border, 350 miles, with a branch
from a point in Lubbock County to a connection with the
Pecos Valley division at or near Amarillo, Tex., 125 miles.
The road will fill in the gap between the New Mexico lines
of the Santa Fe and the Gulf division and with the cut-off
from Belen, New Mexico, to Texico (V. 81, p. 987), to be
completed early next year, with which it will connect at
Texico, will form a new short trans-continental line between
Galveston and other points in southern Texas and on the
Pacific coast.— V. 81, p. 985, 970, 899.
Atlantic & Birmingham Ry.
The results for the
Report.
year ending June 30 (337 miles being operated in 1904-05,
against 220 in 1903-04) were:
—
—
.
—
Year
—
1904-05
1903-04
—V.
Net
dross,
$1,007,462
672,229
(ov. tax.)
$321,084
207,895
—
—
Other
income.
$5,949
2,907
Charges.
$246, ni
102/J.i'i
Balance,
surplus.
$80,602
n/7, 306
81. p. 840.
& Chicago Railway. Reports Premature.
President L. J. Wolf writes under date of Oct. 2:
Aurora Elgin
—
Replying to yours of the 29th ult.. no new securities have been authorized.
The only foundation for such a report is the fact that a number of
different plans have been discussed by various people, and some of these
plans contemplate the retirement of the preferred stock and the issuance
of a second mortgage bond instead, but no action has been taken by the
company, nor are its officers at present committed to any plan. V. 80,
p. 2398.
—
,
.
—
—
—
—
Year
Gross.
1905-05 ..$11,797,313
1903-04.. 11,425.853
Net.
Oth. income.
$4,194,651 $1,794,138
3,901,253
1,766,273
Charges Bal fordiv
$5,055,622
$933,167
4,761,858
905,668
.
.
From surplus as above dividends of 4 per cent yearly were
paid on preferred stock, amounting to $781,760, leaving a
balance, surplus, of $151,407 in 1904-05, against $123,908
in 1903-04.
Acquisitions.
The Quincy Carrollton & St. Louis Ry.,
58 miles, which was purchased in September 1904, is now
operated as part of the system. See also Peoria & Pekin
Terminal Ry. below.— V. 81, p. 899, 776.
Colorado & Southern Ry. Report. The results for the
year ending June 30 were:
—
—
—
Year
1904-05
1903-04
Gross.
$6,228,744
5,702,687
Net.
$1,440,999
1.210,014
—
Oth. inc.
Charges.
Bal.,tur.
$41,184
39,785
$871,868
811,958
$610,315
437,841
In 1903-04 4 per cent dividends were paid on the first
preferred stock, calling for $340,000, leaving a balance for
the year of $97,841.— V. 81, p. 668.
—
Connecticut Railway & Lighting Co. Acquisition. This
it is understood, has acquired a majority of the
$1,000,000 capital stock of the New Milford (Conn.) Power
Co. and is said to have guaranteed a block of its bonds;
an issue of $1,000,000 first mortgage Sa was made In 1902
(see V. 78, p. 992, 823) and a new mortgage for $2,000 000
was authorized at the last session of the Connecticut Legislature.— V. 81, p. 264.
Cumberland Railway & Coal Co., Nova Scotia. Called
Bonds. This company, owning coal minea and a 32-mile line
company,
,
—
THE CHRONICLE.
1100
between Springhill Junction on the Intercolonial Ry. and
Parsboro, N. 8., called for redemption at the Bank of Montreal on Oct. 1 thirty ($15,000) 6% bonds of 1886 due in
1916, par $500 each.
The authorized bond issue (covering theTCoal mines) was originally
$1 250,000, of which $835,000 is outstanding; sinking fnnd 1 J4% annuCapital stock, all common and all outstanding, S2,000,000; par of
ally.
Hon. Sir George Drummond is President; H. R. Drumshares S100.
mond, Sec. and Treas., Imperial Building, Montreal.
—
Detroit Mackinac & Marquette RR. Land Grant. Interest
Payment. A semi-annual interest payment of 3}4 P- c. will
be paid on the land grant bonds Oct. 9 1905 at the Central
Trust Co., being the same amount as paid regularly in and
since October 1902.— V. 81, p. 667, 210.
Detroit Toledo & Ironton Ry. Change in Consolidated
Mortgage.—-The shareholders on Sept. 30 duly approved the
proposed supplement to the consolidated mortgage to effect
the expunging of the right to redeem the bonds within five
V. 81, p. 777, 155.
years from the date thereof.
Erie RR. Option to Subscribe for $12,000,000 Convertible
Bonds. On Sept. 20 1905 the directors authorized the issue
of $12,000,000 of 4% convertible gold bonds secured by general mortgage dated April 1 1903, for the purpose, among
other things, of acquiring more than a majority of the shares
of common capital stock of the Cincinnati Hamilton & DayThese new convertible
(See V. 81, p. 974.)
ton Ry. Co.
bonds are designated as Series B, dated Oct. 1 1905, maturing April 1 1953, with interest payable semi-annually on
April 1 and Oct. 1 and at the option of the holder they are to
be convertible at par into common stock at $60 per share at
any time after two years andjaefore twelve years from the
date of the bonds.
There is now offered to the Erie stockholders of record
Oct. 21 1905 a preferential opportunity ratably to subscribe
for the $12,000,000 Series B bonds at par and accrued interest to the extent of $6.75 of the bonds for each $100 par value
Payments for the bonds
of stock registered in their name.
No subare to be made in full on or before Nov. 27 1905.
scription or assignment thereof will be recognized unless
made on the warrants furnished by the company. Stockholders residing in Great Britain or Europe may make their
subscription and payment at the office of J. S. Morgan & Co.,
22 Old Broad St., London, E. C, England, who are authorized to receive the same for transmission to New York at a
rate of exchange of which due notice will be given.
The company has entered into a contract with J. P. Morgan & Co., as managers of an underwriting syndicate, whereby the syndicate, for a commission of 2J^% of the par
amount of said $12,000,000 Series B bonds, has agreed to
take any and all of said bonds which shall not be taken by the
stockholders under this offer.
The general mortgage authorizes the issue of $50,000,000
convertible bonds; $10,000,000 of such bonds (designated as
Series A and convertible into common stock at 50 as therein
The general mortgage
stated) have heretofore been issued.
covers the railroad, property and franchises of the Erie RR.
Co. therein described, and also will cover the Cincinnati
Hamilton & Dayton Ry. stock acquired with proceeds of the
See advertisement on another page. V. 81
Series B bonds.
p. 974, 839.
Port Worth & Denver City Ry. Report. The results for
the year ending June 30 were:
—
—
—
—
—
,
—
—
Year
Net
—
1904-05
1903-041
—
Gross.
.
$2,526,496
2,496,617
(ov. taxes)
Oth. inc.
Charges.
Bal., sur.
$14,359
$510,605
$502,600
$6,354
11,248
677,331
510,487
178,092
calling for $101,600, was paid on the
[Vol. lxxxi
Blytheville, a distance of 55 miles, with branch to Barfield
Point, 10 miles. General Manager A. J. Kerfoot writes from
Jonesboro, Ark., to the "Manufacturers' Record" as follows:
We are constructing a branch from our main line at a place called Dell
Station to Osceola and Luxora, Osceola being the terminus, situated on
the Mississippi River a distance of 20 miles, which will be completed and
in operation Jan. 1 1906.
Construction contracts have been let and contractors at work. Company is placing orders to-day for 1,800 tons new
steel rails.
Connections of new line at Osceola and Luxora with the
St. Louis Memphis
Southeastern Railroad, part of the Frisco system.
&
We
have increased our capital stock from $225,000 to $<i00,000: also
our bond issue from $500,000 to $1,000,000, $500,000 certified to be sold
and $500,000 kept in reserve to take care of further extensions hereafter.
On Sept. 25 articles of consolidation were filed merging
with this company the Chickasaw RR., the stock of the
consolidated company being $600,000r
J. E. Jones is
Brown, General Counsel and Secretary, all of Jonesboro.
President and Treasurer; Doswell Brown, Vice-Pres.; E. F.
Kentucky & Tennessee Ry. Description of Bonds. The
bonds offered recently by H. C. Barroll & Co., Chicago, at
par and interest are part of an issue limited to $850,000,
—
—
described as follows:
Present issue $650,000, the remaining $200,000 may be issued for
further extensions of the railroad at 85 p. c. of the actual cost thereof,
but not till the proceeds of the present issue have been expended as follows: $300,000 to pay existing indebtedness and the remainder for the
extension and equipment of the road.
Bonds dated Sept. 1 1905 and
due in annual instalments on Sept. 1, viz.: 1908-1912, $30,000 annually:
1913-1917, $40,000; 1918-1923, $50,000; but subject to call (all or any)
at option of company at 105 and interest on any interest day.
Sinking
fund to retire bonds, $2.50 per 1,000 feet, log scale, for all timber cut
and manufactured into lumber; and 5 cents per ton for all coal mined and
shipped. The principal portion of the lands securing this bond issue,
it is stated, are heavily timbered with virgin hard woods, pine and hemlock.
Estimated amount of timber uncut 250,000,000 feet, log scale.
V.81, p. 975.
Lehigh Valley RR.
—See
Montrose RR. below.
p. 777, 782, 775.
V. 81,
—
—
Lima (O.) Electric Railway & Light Co. New Stock.
company has filed a certificate of increase of authorized
This
from $850,000 to $1,250,000.— V. 81, p. 155.
Louisville
Eastern (Electric) RR. Re-financing. An
officer of the company has favored uf with the following:
Complete arrangements for the re-financing of this property have not
been made as yet. The statement you saw in the "Louisville Courier
Journal" in regard to the issue of $350,000 of bonds was a mistake. This
$350,000 of first mortgage bonds was the original issue of some four or
five-years ago, and will in all probability be canceled, and a new issue
floated covering the present property and the extensions to La Grange
and Shelby ville.— V. 80. p. 1174.
Louisville Henderson
St. Louis Ry.
Control Sold.
See Louisville & Nashville RR. below. V. 81, p. 975.
capital stock
—
&
&
—
—
—
—
—
& Nashville RR. Control of Louisville HenderLouis Ry. The report of the company (see p. 1096
of to-day's "Chronicle") shows that during the fiscal year
ending June 30 last there was acquired $706,481 of the preferred and $1,318,385 of the common stock of the Louisville
Henderson & St. Louis Ry., constituting a majority of the
$4,000,000 stock of the latter.
Application to List.
Application has been made to the
New York Stock Exchange to list $3,000,000 additional
unified 50-vear 4 p. c. bonds, making the total amount listed
$37,562,000.— V. 81, p. 726, 723.
Macon (Ga.) Railway & Light Co. Transfer of Williams'.
Holding.
It was announced in Macon on Sept. 29 that the
$400,000 capital stock (total outstanding issue $900,000
common and $300,000 preferred) owned by Messrs. Willams, Bemis and Rutherford, of Richmond, Va., had been
transferred to the syndicate represented by Messrs. Myers,
Fall, Collins, Carling and the Savannah Trust Co.
Two of
the vacancies in the board caused by the resignation of the
Williams interest were filled by the election of Jacob Paulsen of Savannah and Sego Myers, the brother of President
Myers. There is no change in the local management.—
V. 81, p. 508.
Marietta Columbus & Cleveland RR. New Management.
Louisville
son
&
St.
—
—
—
—
In April 1904, 4 p. c,
"stamped" stock for the calendar year 1903. No payment
was made for the year 1904.— V. 79, p. 1637.
Frederick & Middletown Electric Ry., Maryland. Sale.—
Most of this company's stock and all of its $120,000 bonds
have been sold to the Baltimore & Frederick Electric RR. The following new officers and directors are announced for
Co. at $105 for the bonds and 96.60 p. c. for the stock. this road, which was bought by the Little Kanawha syndiThe Baltimore & Frederick has a route survey between Bal- cate (see Little Kanawha RR., V. 80, p. 2219, 2220; V. 81,
timore and Frederick via Walkerville and Liberty. James p. 899, 1044):
A. Ingram Jr of Baltimore is President of the new company.
J. T. Blair, President, to succeed D. I. Roberts; A. H. Blair, Secretary
—V. 73, p. 287.
and Treasurer. Directors: W. W. Mills, D. B. Torpy, J. T. Blair, J. C.
Great Northern Ry. New Joint Line. See Portland & Riddell and S. W. Brady.— V. 75, p. 981, 793.
Minneapolis & St. Louis RR. Report -The results for
Seattle Ry. below.— V. 81, p. 899, 725.
year ending June 30 were:
the
Hampton Roads Railway & Electric Co. Sold. At the
—
dross.
Year
Net.
Oth. inc. Charges. Bal.fordiv.
foreclosure sale on Oct. 5 the property was bid in for $250,000 1904-05.
$3,076,755 $1,247,871
$236,074 $1,226,450
$257,495
representing
the
A.
Doan,
bondholders'
Horace
commitby
1903-04.
2,850,565 1,160,473
275,248 1,137,643
298,078
See V. 81, p. 668, 507.
tee.
From the surplus as above were paid dividends of 5 p. c.
Hudson Companies.— Both Tunnels Open. The second on the preferred stock in each year, amounting to $200,000,
tunnel belonging to this company's subsidiary, the New and of 2)4 P- c. ($150,000) on the common stock in 1903-04,
York & Jersey RR., from 15th St., Jersey City, under the leaving a balance surplus of $57,495 in 1904-05, against a
Hudson River to the foot of Morton St., New York, was deficit of $51,922 in 1903-04.— V. 80, p. 2220.
opened through on Sept. 28. The approaches to the tunnel
Mississippi Central RR. Entire Bond Issue Called.
and the power plant remain to be constructed. V. 80, Notice is given that the company elects to pay in full all
p. 222, 162.
of the bonds issued under its first mortgage to Colonial Trust
Indiana (Electric) Railway. Mortgage Change. We are Co., trustee, dated May 2 1904, at 105 and accrued interest,
informed that the first consolidated mortgage will probably on Nov. 1 1905. Payment will be made at the office of the
be satisfied and canceled and a new one issued in its place. Trust Company, interest ceasing Nov. 1. The mortgage is
Arthur Kennedy is President, with offices at Pittsburgh, Pa., for $5,000,000, of which at last accounts $1,100,000 was
V. 80,p. 1912.
instead of South Bend, as formerly.
outstanding, but all except about $20,000 has already been
A 29-mile extension is building. V. 81, p. 155.
retired.
Jonesboro Lake City & Eastern RR. New Construction
company's
line
is
in
This
operation
Securities.
from
Montrose
RR. Reorganized Company. The Montrose
New
Jonesboro, Ark., where connection is made with the St. Louis Railway Co., controlled by the Lehigh Valley RR., was bid
Southwestern Ry. and the St. Louis & San Francisco, to in by that company on Sept. 2 at sheriff's sale and has now
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
OOT.
———
—— — — —
—
.
—
THE CHRONICLE.
7 1905.|
been reorganised as the Montrose Kit. Co., with E. B.
Thomas as President. The road extends from Tunkhannock to Montrose, Pa., 27 miles. The sale took place under
a judgment obtained by the Lehigh Valley for advances,
represented, it is understood, by two notes, one for $25,280,
the other for $44,312.
New
— —— — — —
York-Philadelphia Co.
struction was begun Aug.
Extension Building.
— Con-
18 on the double track electric
subsidiary, the New Jersey Short
railway of this company's
Line RR., which will extend from Elizabeth, N. J. to Milltown near Now Brunswick. The new line, when completed a year and a halt" hence, will form, with the lines of
the other* subsidiaries (the Camden & Trenton and Trenton
& New Brunswick, already in operation) a direct trolley
route from Philadelphia to Elizabeth, N. J. and thence by
connecting lines to Jersey City, and, upon the opening of
the trollcv tunnels under the North River, directly to
New York City Compare V. SO, p. 1235, 1175.
—
New York Railroad & Development
New Jersey corporation has filed
New Stock.
Co.
a certificate of increase of authorized capital stock from $1,500,000 to $2,000,000.— V. SO. p. 1972.
Northern Pacific Ry. New Joint Line. See Portland &
Seattle Ry. below.
New Director. J. P. Morgan Jr. has been elected a director
V. 81, p. 614.
to succeed the late Daniel S. Lamont.
Northern Texas Traction Co. Xeio President. The control of this property having been purchased by Stone & Webster, Guy E. Tripp has been elected President to succeed
George T. Bishop.— V. SI, p. 900.
Tucker, Anthony &
Peoria & Pekin Terminal Ry. Sold
Co. of Boston confirm the report that they have sold the stock
of this company to interests friendly to the Chicago & Alton.
The transaction was completed Thursday. The terms are
private.— V. 80, p. 998.
Portland & Seattle Railway .—New Joint Line. This
company, controlled jointly by the Great Northern and
Northern Pacific companies, has begun the construction for
these railways of an independent outlet from the east to Portland, Ore. The new line will extend from Kennewick, Wash.,
westerly along the north bank of the Columbia River to Vancouver, Wash., a distance of about 200 miles, paralleling for
some distance the Oregon RR. & Navigation Company's
east-and-west line, which is on the south bank of the ColumThe authorized capital stock of the company is $5,000,bia.
This
—
—
—
—
—
—
000.
President James J. Hill of the Great Northern Ry. is
quoted as having said in Seattle on Sept. 30:
The road, which is being constructed jointly by the 'Great Northern
and Northern Pacific, will be speedily completed. There is business for
1(01
—
Fiscal Agents
Fisk & Robinson, New York. Secretary
and Auditor, A. II. Officer. General offices. Raton, N. M.,
and 1105 Missouri Trust Building, St. Louis, Mo. V. 81,
—
p. 900, 730.
—
Ry. Authorized. The shareSt. Louis Southwestern
holders on Oct. 4, authorized the guaranty of tho $500,000
first mortgage 5s of the Shreveport Bridge & Terminal Co.,
also an agreement for the use of the bridge for 50 years
The bridge company is controlled by
front Aug. 1 1905.
the St. Louis Southwestern, see report on p. 1097 of this
issue; also V. 81, p. 614.— V. 81, p. 665.
Salt
Lake
& Ogden Ry.
Francisco News Bureau"
Lake saying:
—
New
Stock and Bonds. The "San
prints a press report from Salt
Preliminary to building an lnterurban line with double track from Salt
of Ogden Canyon, the Salt Lake & Ogden Ky. Co. has
filed an amendment to its articles of incorporation by which its capital
President Simon Bamstock is increased from $800,000 to 81,500,000.
berger states that arrangements have been made with a financial house in
New York to float bonds, the money to be used for the purpose of building
Lake to the mouth
said electric line.
The road now extends from Salt Lake City to Farmington
and Lagoon, Utah, 16 miles, with branch 2 miles. The
length of the line from Lagoon to Ogden, it is said, will be
about 40 miles, of which the portion to Layton will probably
be opened within 30 days and the remainder by May 1906.
V. 74. p. 479.
Spokane Traction Co.
Terminal Co. V. 81,
&
p.
Guaranteed Bonds.
1045.— V.
— See
Spokane
81, p. 841.
—
New Bonds. This
39 miles in length, extending from Stanley to Lynch, Wis., with branches and terminals making a total of 52.36 miles on which the revenue
is based, expects, within the next sixty days, to issue a new
series of bonds for $750,000, with which it will take up the
oustanding $300,000 bonds, pay off the indebtedness
($198,666 June 30 1905) incurred for extensions and betterments, and provide for future extensions and betterments.
These bonds will probably be dated Nov. 1st of this year.
Officers: President, S. G. Moon; Vice-President, C. D. Moon;
Treasurer, J. T. Barber; Sec. and Auditor, F. H. L. Cotten;
Office, Eau Claire, Wis.
Stanley Merrill
Phillips Railway.
company, whose main
Steubenville
&
line is
now
Wheeling Traction Co.
Mortgage.
—This
*lly, or subsidiary, of the Wheeling Traction Co., which increased its capital stock in April 1904 from $10,000 to $400,000, and in July 1905 to $650,000, recently acquired by deed
from the Steubenville Mingo & Ohio Valley Traction Co. all
the rights, property and franchises of that company pertaining to the 9-mile line from Steubenville to Brilliant, O., subject presumably to the $150,000 mortgage of 1900.
The
We are not involved in Steubenville & Wheeling Traction Co. was organized to build
it from the moment it is ready for operation.
a fight with any corporation or individual. We have 2.000 men at and acquire an electric line between Steubenville and Marwork on the construction of the Vancouver Victoria & Eastern (V. 81,
p. 669), and this line is to be rapidly completed, as we are building up tin's Ferry, with a branch through Altamont, and it has rea trade in British Columbia which demands the use of branch lines in cently filed a mortgage to the Dollar Savings & Trust Co. of
It is planned to build 160 miles
from Midway Wheeling, W. Va., as trustee, covering its entire property,
the immediate future.
to Princeton — this year, and the road from Princeton to New WestThe Belmont County
minster will be completed in two years, according to the present to secure an issue of $650,000 bonds.
The name of the Great Northern has been associated with the Commissioners have granted a franchise for the extension
schedule.
projected Vancouver & Westminster & Yukon line, but the rumor is southerly
to Martin's Ferry on the condition that the road
without foundation. In fact, the first I knew of this proposed railway
—
movement was since reaching the coast."
Raleigh & Pamlico Sound Ry. Control Sold. Control
of this property has been acquired by new interests represented by C. O. Haines of New York, formerly Manager of
Mr. Haines is quoted as dethe Atlantic & Danville Ry.
nying that any other corporation is interested in the purchase, and as saying: "The purpose of the new element is
only to push on the road more rapidly to completion (from
Raleigh due east) to Washington, N. C. (100 miles) and
possibly to build to New Bern.
The track has been laid
9J^ miles east of Raleigh and the grading is 5 miles further."
The new directors (and officers) are:
—
,
C. O. Haines, Xew York, President; Adam Tredwell, Norfolk, Secretary and Treasurer; S. C. Bragaw, of Washington, N. C.,; Fergus Reld
of Norfolk C. B. Barbee and Capt. J. M. Turner, both of Raleigh;
T. M. Washington of Wilson and L. A. Moore of Greenville.;
Capital stock, 81,000,000 "fully paid."
First mortgage
30-year 5 p. c. gold bonds, dated Jan. 1 1904, were offered
last April at 91}^ and interest; issue limited to $12,000 per
mile of road completed and equipped, all then reported as
underwritten.
Raleigh and other municipalities on the
line were said to have purchased at par $300,000 second
mortgage bonds. See V. 80, p. 1363.
shall be in operation by Sept. 1 1907.
Control of the company (as previously of the Steubenville Mingo & Ohio Valley
Traction Co.) is supposed to be owned by the Wheeling Traction Co.
—
Mingo & Ohio Valley Traction Co. See SteuWheeling Traction Co. below. V. 74, p. 428.
Vancouver Westminster & Yukon Ry. Independent
Project.
See Great Northern Ry. above.
V. 81, p. 669.
Steubenville
benville
—
—
&
—
—
Virginia Passenger & Power Co.
Deposits of Bonds.
See Richmond (Va.) Passenger & Power Co. above. V. 80,
p. 2622.
—
Wheeling (W. Va.) Traction Co. Allied Company's MortSee Steubenville & Wheeling Traction Co. above.
gage.
—
V. 80, p. 1730.
INDUSTRIAL, GAS AND MISCELLANEOUS.
—
Alaska'Packers' Association. Dividend Passed. It was
announced at San Francisco on Sept. 26 that on the preceding day the directors had decided not to pay the usual dividend of 75 cents per share for October. V. 80, p. 1915, 1910.
—
Richmond Passenger & Power Co. Deposits of Consols
Allis -Chalmers
Co.
New Stock for Subsidiary. See
1.
until Nov.
The committee consisting of Walter II. Bullock Electric
Manufacturing Co. below. V. 81, p. 842,
Trumbull, Jennings S. Cox, Henry Whelen Jr. and Douglas
839.
—
—
Robinson, which represents the consolidated mortgage 5%
bonds, gives notice that the holders thereof who desire to be
represented in the foreclosure proceedings should deposit
their bonds with the Central Trust Co. of New York on or
before Nov.
1905.— V. 79, p. 787.
St. Louis Rocky Mountain & Pacific Co.
The
Officers.
organization of this company, which is building 120 miles of
1
—
railway east and west
completed as follows:
Dlrecton
in
northern
New
Mexico, has been
— Prerident,
Henry KoehlerJr., and Vice-President and GenThomas B. flarian, both of St. Louis Vire-Pres. and C<-n.
Van Houten, Raton, N. \i Vice-President and Consulting BngiJ. H. Thompson, Plalnfleld, N. J.: Treasurer, Charles Springer,
eral Counsel,
Man.,
gineer,
J.
.
Cimarron. N. II.; Hugo A. Koehler, St. Louis, Mo. Prank Springer, Las
Vegas, N. U Charles K. Beekman, Emerson \V. Judd, New York;
:
—
—
American Alkali Co. Assessment. At Philadelphia on
Sept. 20 Receiver Arthur K. Brown, acting under order of
the Circuit Court of New Jersey, levied an assessment of
$2 50 per share on the preferred shareholders, payable
within 15 days, for the purpose of paying the debts of the
company and the expenses of the receivership. This
assessment does not apply to those who have already paid
the assessment for a similar amount made by the directors
in 1901.— V. 79, p. 2798.
—
American Bottle Co. Consolidation. This company was
Incorporated at Columbus, O., on Aug. 23 with ? 10,000,000
of authorized capital stock, of which $6,000,000,11 is stated
The officers are:
unofficially, will be 7 p. c, preferred.
1
THE CHRONICLE.
102
W. Jack of Streator, 111.; Vice-President and AsManager; L. S. Stoehr, Massillon, Ohio; Secretary and
Treasurer, W. J. Crane of Streator, 111.; Chairman Executive Committee
and General Manager, Edward H. Everett, Newark, Ohio.
The " Nationaljjlass Budgett," Pittsburgh , [says in subPresident, Mather
sistant General
stance:
Everett, of Newark, is the leading man in the enterprise.
Mr. Everett is at the head of the Ohio Bottle Co., including the Everett
glass factory of Newark, which forms a part of the new organization.
He is quoted as follows relative to the new organization:
"The American Bottle Co. has acquired a large and valuable trade and
business by the purchase of bottle manufacturing plants, which are all
going concerns. The purchase includes the entire plants, the real
estate upon which they are situated together with the good will, viz: all
the plants of the Adolphus Busch Glass Manufacturing Co., of St. Louis,
Mo., some of these plants being located at Belleville, 111.; also all the
property of the Streator Bottle & Glass Co., of Streator, 111., all the
factories belonging to the Ohio Bottle Co., of Newark, Ohio, located at
The American Bottle Co.
Massillon, O., Wooster, O., and Newark O.
did not purchase the plant of the Newark Machine Bottle Co., but succeeds the Ohio Bottle Co. as sole selling agent for the Newark Machine
Bottle Co."
Fires are now burning in a number of the plants and business will start
The Newark plant employs about
in the other factories before long.
1,500 people and burns Licking County natural gas from the Everett
wells, Mr. Everett having extensive interests in the Central Ohio gas
field.
The Newark Machine Bottle Co. has two Owens machines in
Among the propoperation, each of which makes 14 bottles a minute.
erties acquired is the Belgian building at the World's Fair, which is being
reconstructed at Main and Dorcas streets, South St. Louis. The furnace
in this building will produce about 75 tons of glass every twenty-four
hours, says the "St. Louis Globe- Democrat," or an output of say 150,000
bottles every day.
The building will have cost the Adolphus Busch
Glass Manufacturing Co. about $150,000, taking the place of the factory
destroyed by fire last winter.
Edward H.
American Lead
&
Baryta Co.
—Stock
Offering.
—John
Morton, St. Louis, apparently representing the company,
recently offered a block of its preferred stock, his advertisement saying:
For several days 'we have offered an 8 p. c. dividend-paying, preferred
We are not
stock, these dividends being payable 2 p. c. each quarter.
new in the business, and offer you no prospects, but a bona-fide working
adding
to
our equipplant already in operation. We are constantly
ments and earning capacities. The American Lead & Baryta Co. has
as its holdings lead, zinc and baryta, vast timber tracts, good farms and
For several years our offices have
stores; in all, 26,000 acres of land.
been located in the Wainwright Building, from which we have just
moved to our new centrally located offices in the Mercantile Club Building at Seventh andJLocust streets, representing several companies organized under the same management. In the past three years we have
paid over $400,000 in dividends to the stockholders, who number at
the present time nearly 1,000. The holder of this preferred stock, upon
60 days' notice, can have the same redeemed at this office for its face
value.
V. 73, p. 288.
—
—
—
Electric Co.
Allied Trolley Company.
Central California Traction Co. under "Railroads"
above.— V. 77, p. 1295.
American Shipbuilding Co. Report. The results for the
fiscal year ending -June 30 were:
American River
See
—
—
,
Fiscal
Net
'Deprecia'n
earnings,
reserve etc
$1,549,450
1,028,175
2,212,840
$356,100
288,048
791,086
vear—
1904-05
1903-04
1902-03
,
Preferred
dividends,
Common
dividends.
$553,000 (4)$304,000
553,000 (1) 76,000
553,000 (3) 228,000
Balance,
surplus.
$336,350
111,127
640,754
The dividend of 4% on the common stock charged above
against the earnings of the year 1904-05 was declared on
July 19 1905, payable in four quarterly instalments of 1%
each, ending Sept. 1 1905. Total surplus June 30 1905,
$4,318,792.
New Director. Edwin Smith has been elected a director to
succeed Luther Allen, deceased.
V. 81, p. 267.
—
—
—
Foundries. Annual
—
American Steel
-Meeting.
At$;the
annual meeting on Tuesday it was voted:
(1) To reduce the board of directors from 21 to 15; (2) To abolish the
executive committee; (3) To hold meetings of the directors once a month,
instead of once every three months, as heretofore; (4) To elect as directors
for three years. George B. Leighton, Max Pam, Edward Shearson, J. A.
•
Middleton and John H. Harrison.
Judge E. H. Gary, who presided, announced that the recent bond issue had been disposed of, nearly half the amount
of bonds being taken by stockholders.
A verbal report was made by the Chairman as follows:
"The company has lost by operations during the year ended
July 31 $329,000. It has, however, expended for improvements and betterments $317,000. These improvements
and betterments were of such a character that they can be
capitalized, in which case the actual loss will be about $12,000." The Simplex Railway Appliance Co., whose stock
is owned by the A. S. F., made for 13 months $356,000.
The following officers were elected by the
Officers
r
VOL. LXXX1.
—
Brooklyn Borough (N. Y.) Gas Co. New Bonds.— The
State Railroad Commission has authorized the
issue of $615,000 of 40-year 5 p. c. gold bonds, of which
$500,000 to refund an equal amount of old bonds and
New York
$115,000 for improvements— V. 81, p. 267.
Brunswick Hotel Co. Sold. At the sale on Sept. 22
under foreclosure of the $150,000 mortgage of 1904, the property was bid in by the Brunswick Site Co. for $905,000, subject to incumbrances aggregating $1,660,907, including two
mortgages aggregating $1,600,000. See V. 76, p. 1087, and
—
—
V. 81, p. 509.
Brunswick
Site Co.
See Brunswick Hotel Co. above.
V. 81, p. 509.
—
—
Bullock Electric Manufacturing Co. New Stock. This
company, controlled by the Allis-Chalmers Co., being the
latter's elctric manufacturing
certificate of increase of capital
branch, has filed in Ohio a
stock from $500,000 to S3, 000
000, to provide for extensive additions to the plant.
Of the
new stock, $1,500,000 is 6% cumulative preferred with equal
voting power with the common.
V. 78, p. 1111.
California Electric Light Co.
Reduction of Capital Stock.
This company, incorporated under the laws of California on
June 30 1879, has filed a certificate reducing its capital stock
from $5,000,000 to $500, in 50,000 shares of the par value
of 1 cent each. "The company has $68,557 in the treasury
and no other assets."
—
—
—
—
&
—
California Gas
Electric Corporation.
Deposits.
circular recently issued to the shareholders states that more
than 80 per cent of the stock of the company has been deposited with the Union Trust Co. of San Francisco under the
plan of amalgamation. See V. 81, p. 1045, 843.
—
—
Cardiff Coal Co., Latrobe (Pa.)
Mortgage. This comto the Commercial Trust Co. of
Philadelphia, as trustee, covering, it is said, the coal rights to
some 1,000 acres of land in Blacklick township, Cambria
County, Pa., together with the coal and surface rights to 20
acres^more, to secure $125,000 of
bonds, denomination
$500, dated July 1 1905 and due July 1 1920, but subject to
call on any interest period after July 1 1908 at 105 and
interest; interest payable Jan. 1 and July 1 at office of
trustee.
Sinking fund 4 cents per ton.
The company was incorporated in West Virginia in February 1902,
with $150,000 authorized capital stock (par supposed to be $50), and in
May 1904 was said to have in operation three mines on Cabin Creek,
W. Va., and three on Armstrong Creek, Fayette Co., W. Va., and to be
building 2 miles of railroad (connecting with the Powellton branch of
IncorporaC. & O. Ry.) up Armstrong Creek, to two additional mines.
tors: M. T. Davis, John Q. Dickinson, Enoch Carner, John C. Morrison
and H. A. Robson, all of Charleston, W. Va.
pany has made a mortgage
6%
—
—
Columbus (Ohio) Public Service. Stock Offered. The
American Finance & Securities Co., New York and Columbus,
and the Columbus Savings & Trust Co., the Capitol Savings
& Trust Co. both of Columbus, have offered at par ($100 per
share) with 50 p. c. of common stock as bonus $200,000 of
the 6 p. c. cumulative preferred stock.
Common stock is
An advertisement says:
Of the $1,000,000 preferred stock, $750,000 can beusedonlyinretiring,
by exchange or otherwise, the $750,000 outstanding bonds, a majority
of which have already been exchanged.
From the proceeds of the sale
of the remaining $250,000 of prefered stock, the company will extend
its hot water heating and electric light lines, and add to its station equipment machinery that will increase its lighting and heating capacity 100
The contracts for these extensions and improvements have been
p. c.
General Manager W. H.
let, and the machinery is now being installed.
Sharpe on Sept. 12 wrote: "Although our two central stations and substation have been completed and in full operation but a few months, our
earnings are more than sufficient to take care of our operating expenses,
$1,500,000.
including taxes and insurance, and the interest on $1,000,000 of 6 p.
preferred securities.
V. 80, p. 2346.
—
—
c.
—
Cuyahoga Telephone Co., Cleveland,^. New Stock.
The company will receive subscriptions until 9 a. m. Oct. 23
6%
cumulative preferred stock at par, $50 a
Subscripshare, and accrued dividends from July 1 1905.
tions are payable 10% down and the balance on delivery.
The company on Aug. 31 1905 had outstanding $1,500,000
common stock; $781,250 preferred stock, and $2,700,000 of
its authorized issue of $3,500,000 first mortgage 5s due Jan.
2 1919.— V. 81, p. 270, 214.
for $500,000 of
—
Edison Electric Illuminating Co., Boston. Valuation in
Tentative Municipal Proposition.
The managers of this
have
filed as required by law a schedule of the valcompany
directors on Oct. 5:
uation of its properties, providing: (1) If the City CounChairman, Charles Miller;*President, William V. Kelley; 1st VicePres., Robert T. Lamont; 2nd Vice-Pres., William D. Sargent; 3rd cil shall determine that the purchase by the city shall include
Vice-Pres., George E. Scott; Secretary and Treasurer, F. E. Patterson. the property of the company which lies outside the city
—V. 81, p. 842, 728.
of Boston in adjoining cities and towns, the city shall pay
Arizona Water Co. Receivership. Judge Holt, in the $28,000,000; (2) if the City Council shall determine that
United States Circuit Court in this city on Sept. 15, ap- the purchase shall not include the property of the company
pointed Hiram R. Steele, No. 32 Liberty Street, New York, outside of Boston, the city shall pay $26,500,000, together
as receiver of the company, on application of the New York with the damages caused by the severance of the portion of
Trust Co., trustee of the $300,000 first mortgage of 1899, such plant lying outside the limits of Boston.
under which $256,000 of 5 p. c. gold bonds are outstanding.
The move for municipal ownership is only in formative
The company is a Maine corporation, organized as successor shape and may never come to anything. The "Boston
of the Arizona Improvement Co. per plan in V. 66, p. 952. News Bureau" explains:
The coupons of July 1905 are in default. On Sept. 27 the
If the city of Boston should decide to enter the municipal-lighting
receiver was authorized to issue $100,000 of 6% certificates field, nothing can be done in this direction for two years at least
The first step in the direction of the purchase of the Boston Consolito cover the cost of permanently repairing the diverting dam,
dated Gas Co. and the Edison Co. by the city of Boston was taken three
which was injured by a freshet last spring and again about months ago when the City Council, with the approval of the Mayor,
Sept. 5. The certificates mature in two years, but will be voted in favor of the municipal ownership of Boston's lighting plants.
This vote was taken in accordance with the Massachusetts State law
paid off from time to time, prior thereto, from earnings.
which says: "No city shall enter the municipal-lighting business, however,
Baker Motor Vehicle Co., Cleveland, O. Increase in Capi- until a vote that it is expedient to exercise such authority shall have
each branch of its City Council by a two-thirds vote and received
tal Stock.
This Ohio corporation recently filed a certificate passed
the approvaf of the Mayor in each of two consecutive municipal years
of increase of capital stock from $400,000 to $1,250,000.
and thereafter have been ratified by a majority of the voters present
—
—
—
—
—
—
—
Oct.
7
l
—
—
——
———
—
THE CHRONICLE.
l
J<»5.|
When such a vote
at an annual municipal election.
has failed to secure such ratification, no similar vote shall be submitted
and votin- thereon
for ratification until after the expiration of live years thereafter."
\s respects the price to be paid for the plants the law provides that
or corporations fail to agree as to the
if the citv and the corporation
price redress mav be had by either party to the Supreme Judicial Court.
Should the citv of Boston vote to purchase the Boston Consolidated
Gas Co and the Edison Co., it is authorized to pay for the same from
p. e.
funds received from the issue of 30-year bonds not to exceed
interest which shall not be disposed of below par, and the indebtedness
thereby created shall not be included in the limit of indebtedness prop. c.
vided by law: but the bonds so issued shall not exceed in amount
of the total valuation of estates in the city.
,".
BH
Tlu> valuations as shown by the similar schedules filed
by the Boston Consolidated Gas Co., the East Boston Gas
Co. and the Charlestown Gas Light Co. arc about $29 ,000 ,000
for the first-named company and §1,500,000 for each of the
other
two.— V.
SI, p. 157.
—
Fresno (Cal.) Water Co. Plan. This company defaulted in the payment of the interest on its first mortgage
bonds in Oct. 1902. The Illinois Trust & Savings Bank,
Chicago, trustee, filed its bill of foreclosure, and the company
interposed an answer alleging the invalidity of the bonds and
the mortgage. The bondholders' committee, consisting of
E. II. Gay, J- S. Morgan and C. F. Street, with Sullivan &
Cromwell", Counsel, 49 Wall St., New York City, have
reached an agreement of settlement which will be availed of
by the bondholders represented by the committee and the
benefits of which are offered to all the bondholders without
charge or expense. Under circular dated Aug. 21, it is proposed to organize a new company under the laws of California to acquire, by purchase, the present plant and propThe capitalization of the new company will be
erty.
$350,000
First mortgage 5% 40-year sinking fund gold bonds
$248,000
To present bondholders 80% in new bonds
For improvements and extensions under appropriate
:
102,000
restrictions
350,000
Capital stock (shares of the par value of $100 each)
$62,000
To present bondholders 20% in new stock
288
,000
To present stockholders
Twentv per cent stock is given without assessment to bondholders,
which, with 80% of their former holdings in new bonds, restores the face
value of their original investment.
Eighty per cent stock remaining is exchanged for outstanding stock of
old company without assessment.
The bondholders will be entitled to at least one member of the board
No charge will be made to any depositing bondholders
of directors.
for the compensation of, or any expenses or disbursements of. the trustee,
the committee or its counsel, as these expenses have been provided for
n the settlement made with the company and its stockholders.
The committee on Aug. 21 represented $272,000 of bonds out
a total of S310,000. New securities will be issued as
soon as the title to the property can be vested in the new
company.— V. 81, p. 779.
Fulton Coal Co., Philadelphia. Reduction of Capital
The shareholders on Sept. 20 voted to reduce the
Stock.
stock 45 cents per share, making the par value $2 55 per
share, and the total issue $181,608 45, instead of $5 and
$356,095 00 respectively, as originally. V. 79, p. 1464.
General Rubber Co. Bonds Offered. The First National
Bank, New York, has on hand considerably less than
$1 ,000,000 of the present issue of $6,000,000 10-year 4 }/2 p. c.
gold debenture bonds due July 1 1905 (but subject to call
on or before July 1 1906 on any interest day in any amounts
at 105 and interest), and is offering the same at 96 and
The total
interest, which is substantially a 5 p. c. basis.
authorized issue is $9,000,000, guaranteed as to principal
and interest by endorsement by the United States Rubber
Co. and the Rubber Goods Manufacturing Co. The General
Rubber Co. was organized in 1904 with $3,000,000 paid-in
of
—
—
—
tangible
assets $9,000,000) for the
purpose of buying crude rubber for the aforesaid guarantors,
who own the entire capital stock. The trust indenture pro-
stock
capital
(total
——
vides that
(1) At no time
shall the net quick assets of the General Rubber Co.,
consisting of the stock of crude rubber, or the proceeds thereof, be of an
aggregate value of less than 120 p. c. of the amount of the bonds out(2) the company shall not issue any bonds, debentures or
standing
certificates of Indebtedness, or any notes, except those Issued in the
regular course of busine&s, without reserving to the holders of all debenV. 81, p. 34.
tures of this issue the right to receive prior payment.
;
—
Hecla Portland Cement & Coal Co. Foreclosure Sale SeThis company's property will again be offered
ternber 27.
It was offered at an upset
for sale at Bay City on Oct. 27.
price of $950,000 on June 7 and again on June 18 and Sept. 27
V.
at $750,000, but in neither case were bids received.
—
—
Bonds Offered. — The
80, p. 2223.
Home Telephone Co. of Joplin, Mo.
Mjaajwd ppi Valley Trust Co. and the Altheimer & Rawlings
Investment Co., both of St. Louis, are offering at 93 and interest $100,000 consolidated mortgage 5% gold bonds, dated
July 1 1905, due July 1 1925, interest payable Jan. 1 and
July 1; Mississippi Valley Trust Co., St. Louis, trustee.
The company operates exchanges at Joplin, Carthage, Webb City and
Carterville, and Is connected with St. Louis and Kansas City through the
Klnloch Long Distance Telephone Co. It has over 2,800 telephones and
Is earning more than double the interest on the bonds.
The company was incorporated in Sept. 1902 with $200,000
authorized capital stock; $325 000 of its consols ($750,000
authorized) were recently listed on the St. Louis Stock
Exchange.
Firs
Jefferson Realty Corporation, Richmond, Va.
Preferred Stock Offered.
This company was chartered under
the laws of Virginia April 19 1905 with an authorized capital
of $1,400,000, viz: first preferred 5 p. c. cumulative stock
(subject to call after 5 years at 110;; $500,000, second preferred 6 p. c. stock $450,000, and common stock $450,000,
—
1103
to purchase and reconstruct the Jefferson Hotel (free of all
claim), including the site. Scott & Stringfcllow and Daveniporl it Co., both of Richmond, Va., offered at par and
Their circular says:
Qterart the $500,000 1st pref. stock.
The above property has all been paid for in full, except Home Itemo of china and
sllvcrwnre under dispute, out of the proceed! of sale of $;;10.(H>0 ecrond preferred
and 1840,000 common storks, and tnc corporntlon has no 6>bt, and has In Its
Under the laws
treasury $110,000 second preferred and $110,0110 common stock.
The
munirlpnl and county.
\ iriMnla the stork 18 free of all taxation. State
default the dividend
tirst preferred dividend Ib payable Jan. 1 and July 1.
It the default continues through two dividend
will bear Interest at 5 p. r. until paid.
first
preferred
thereafter, the
stockholders
take
periods and three
Ol
Upon
mav
months
possession, and If within two years they do not earn all accumulated dividends on
the first preferred, with Interest thereon, then, upon the ascent ol two-thirds of the
liquidate and distribute the
tlrst preferred stockholders steps may be taken to
Provision Is also made against the Incurrence
anient: those entitled thereto.
to
first
preferred
stock: and so lone as any
the detriment of the
of a floatliiK debt
of said tlrst preferred stock Is outstanding the corporation shall not create any
mortgage bonds or other lien upon Its property
The proceeds of the sale of this first preferred stack will be applied exclusively
to the reconstruction and equipment of the Jefferson Hotel, on a preatly Improved
plan, with the addition of a large auditorium to be built on the 82 feet of land which
has been purchased adjoining the Hotel on Main St. The total values on a cost
basis which will secure the first preferred stock will aggregate $1,274,000. viz:
Valuation of Improvements as appraised In 1904, $092,000: real estate, value present
hotel site, $75,000: cost of S2 feet additional. $17,000: cost of new building, auditorium and equipment, $500,000. For the year 1904, the last fiscal year before
the destruction of the hotel by fire, the net earnings were $03,922. With the limited
aeeoramodatlons possessed since the tire, the hotel has earned 1903. net, $15,747:
As the new hotel will contain 400 bed-rooms, of which over
1904. net, S12.6S3.
300 with private bath-rooms. It is not doubted that more than double the dividends
on the first preferred stock will be speedily earned each year. President Joseph
—
Bryan.
—
Works Tendered to City.
Jersey City Water Supply Co.
The company on Sept. 29 formally tendered its works to the
city at the contract price of $7,595,000, less the $500,000
which the city was temporarily to retain as per contract.
The city, not having sold its water bonds, was unable to pay
the price agreed upon, and moreover it has a suit pending
against the company on the ground that the works have not
yet been completed according to agreement. The friends
of the company claim that the failure of the city to pay for
the property by Oct. 1 relieves the company of the obligation
V. 80, p. 1974.
to sell at the stipulated price.
—
Lake Drummond Canal
—
& Water
Co. Loss on Option.
received a letter, signed by
Alexander Brown and the Sanford & Brooks Co., stating that
in 1900 they secured an option at cost of $93,158 upon a
majority of the capital stock of the Norfolk & Southern Ry.
with a view to forming a holding company that should control both that company and the Norfolk & Southern and elimDifficulties, both legal
inate competition between them.
and financial, prevented the carrying out of the deal, and
the letter suggests the propriety of the stockholders of the
Lake Drummond Co. assuming the loss of the $93,158
which was incurred on the option obtained in their behalf.
The Lake Drummond Co. is said to be practically controlled
by Mr. Brown and the Sanford & Brooks Co. V. 74, p. 208.
Lake Superior Corporation. Report. The report for the
year ended June 30 1905 shows:
Treasurer Caldwell
Hardy has
—
Int. on securities held
Miscel. net interest
—
$543, 455 1st Mtg. coupons
$452,175
42,084 General exp., taxes, etc.. 98,662
1
Totalincome
$585,5391
Balance, surplus
$34,802
The company produced during the year: Ore, 203,569 tons; steel rails
98,822 tons; pig iron, 66,235 tons; ground wood pulp, 27, 817 tons
lumber sales, $233,147. The balance sheet of June 30 1905 show,
outstanding $13,000,000 bonds and $800,000 bills payable, against
which there were on hand treasury bonds $956,879 and collateral
securities $150,000.— V. 81, p. 977, 671.
Lanston Monotype Machine Co. Contract Upheld.
President Roosevelt on Sept. 10, in connection with the
report of the Keep investigating committee, regarding the
recent award to the company of a contract for 72 typesetting
machines for the Government Printing Office, says in part:
—
The conclusions of the committee are hereby approved, save the latter part of conclusion 1.
It does not appear that there Is any question as to the validity of the
contract In question. Had It not been for the conduct of the Mergenthaler Company
In preferring the charge discussed by the committee In conclusion 2, that of corruption. I should agree with the committee that It would be desirable to set aside the
contract, were such a course legal, (on the ground that the purchase was "based
largely upon a report from subordinates, claiming superiority for the Lanston
machines, which report was based on unfair tests and Imperfect records and was
unjust to the Mergenthaler machine." Ed.) But second only to corruption In a
public officer comes making a baseless charge of corruption. This la wbat the committee finds the Mergenthaler Company has done In this case.
—
The committee says: " Both the Lanston and Mergenthaler machines have done excellent work in the Government
Printing Office and both are needed there, and, in our judgment, both should have been purchased; but further than
this we express no opinion as to their comparative merits for
particular classes of work."
Suit.
The company on Sept. 7 brought suit against the
Mergenthaler Linotype Co. to recover damages of $250,000 for
alleged libel contained in the letter written to President
Roosevelt.— V. 80, p. 2624.
—
Locust Gap Coal Improvement Co.
—
Reduction of Capital
Stock.
The shareholders on Sept. 20 voted to reduce the
capital stock from $8 45 per share to $8 25 per share (originally $10), and the total issue from $501,008 to $489,151.
The company, it is stated, recently declared a dividend of
25 cents per share. V. 81, p. 268.
—
Mahoning
—
Peabody,
Co. Bonds Offered.
Houghteling & Co., Chicago, are offering at par and interest
the remainder of $320,000 1st mortgage 5 p. c, serial gold
from
bonds dated Aug. 1 1905 and due $32,000 each Jan,
1907 to 1916 inclusive; denomination $1,000, with semiannual interest coupons (Jan. 1 and July 1) payable at the
Principal redeemable
First Trust & Savings Bank, Chicago.
These
on any interest date at 105 and accrued Interest.
bonds are a first lien on the 520-foot steel Bteamshipa Leonard C. Hanna and Powell Stackhouse just launched.
The
of Stock.
Mexican Light & Power Co.- h
shareholders or Sept. 29 authorized the Increase <>f the capi-
Steamship
1
—
THE CHRONICLE.
1104
tal
stock from $12,000,000 to $16,000,000, in order,
said, to obtain control of
two
it
i.s
large lighting companies.
fVCL. LXXXI.
operates a plant at Alexandria, Ind.
W. L. Kann, Pittsburgh, is President anil Samuel J. Mack, Anderson, Ind., Sec. and Treas.; W. T. McClarren, Pittsburgh, Asst. Sec.
,
—
V.81,p. 1040,977.
People's (Independent) Telephone Co., Paducah, Zy.
Milwaukee (Wis.) Coke & Gas Co. Mortgage. This com- Foreclosure Sale.— At foreclosure sale on Sept. 11 the propEany has made a mortgage covering its bi-product (Semet- erty was bid in for $80,000 by E. L. Barbour of Wauseon, O.,
olvay) coke plant to the Milwaukee Trust Co., as trustee, to who, it is said, will turn it over to the recently organized
secure an issue of $1 ,000,000 bonds for the purpose of taking Paducah Home Telephone Co. The sale, it is stated, was
up bonds amounting to $400,000 previously issued, and to made under foreclosure of a mortgage for 5252,000 held by
provide for additions, $000,000 of the issue being reserved for the People's Bank of Wilkesbarre, Pa., as trustee. The
new construction which is now going on for doubling the Paducah Home Telephone Co. was organized last June with
—
—
capacity of the plant.
Directors: Ferdinand Schlesinger, President; Chas. Ray. 1st Vice-Prest.
and Treas.; Henry J. Schlesinger, 2d Vice-Prest. and Asst. Treas.; P. E.
Woodbury, Genl. Manager; WiLmot Saeger, Secretary; D. R. Hanna, F.
B. Richards.— V. 80, p. 2462.
—
&
Description
Electric Co.
Monterey County (Cal.) Gas
"Electricity" of this city in its issue of Sept.
of Properties.
20 has an article describing the property. V. 77, p. 630.
—
—
—
Co., Philadelphia.
Holding
—Municipal
Bonds. — This company's bonds are dated May
Utilities
are due
Eayable
i
Company
1903 and
May 1 1933. Free of Pennsylvania tax;
May and November in Philadelphia; Central
interest
Trust &
Authorized issue,
avings Co. of Philadelphia, trustee.
$500,000; issued, $375,000; redeemed in 1905, $5,000; total
bonds outstanding or reserved for exchanges, $370,000.
A circular savs:
Capital stock, $100,000.
This company was organized for the purpose of acquiring and operating established public utilities located in growing and desirable municiIt has issued its bonds in exchange, bond for bond, for the
rst mortgage bonds of the following companies: Hanover Gas Co., -Hanover, Pa.; Wilmington Sewerage Co., Wilmington, N. C. (V. 73, p. 188,);
Opelika Sewer Co., Opelika, Alabama; Hanover Sewer Co., Hanover, Pa.
Additional bonds can only be issued, bond for bond, for approved first
mortgage bonds, for improvements and extensions to existing properThese public utility corties, or for acquiring additional properties.
porations are well established, thoroughly modern and are meeting the
municipalities.
demands
for
public
service
in
the
respective
popular
Ealities.
The bonds are "first collateral trust 5 p. c. gold bonds."
President, M. M. Freeman; Secretary and Treasurer, HerOffice, 421 Chestnut St.
bert Evans.
National Car Wheel Co. Change in Control New Officers.
The control of this company having been acquired by
James D. Rhodes of Pittsburgh and William F. Bonnell of
Cleveland, the following officers and directors are announced:
James D. Rhodes, President; C. A. Otis Jr. and William F. Bonnell,
vice-presidents; George P. Rhodes, Treasurer, and C. A. Maher, Secre-
—
—
—
tary.
Directors: James D. Rhodes, Pittsburgh; George P. Rhodes, Pittsburgh; C. V. Slocum, Pittsburgh; J. C. Holt, Grand Rapids, Mich.;
C. A. Otis Jr., Cleveland; C. A. Maher, Cleveland; William F. Bonnell,
Cleveland; W. T. Goodnow, Sayre, Pa., and C. T. Chapin, Rochester,
N. Y.
$250,000 authorized capital stock, the incorporators including J. Wheeler Campbell of Paducah, J. C. Monteith of Bloomington, Ind., and J. E. Bergin of Nanticoke, Pa.
Under
the new regime the property will be closely allied with the
Louisville Home Telephone Co.
Pittsburgh
—
—
—
—
—
—
—
—
—
—
—
—
—
—
St.
—
—
Louis Terminal Cupples Station and Property Co.
The results for the year ending June 30 were:
Gross Operating Net
Bond
Bal.,
Report.
—
earnings .expenses
.
earnings. Inl'st.
surp.
Year end. June 30 1905.. .$288,053 $49,193 $238,860 $135,000 $103,860
14 mos. end. June 30 1904. 347,128 78,432 268,696 157,500 111,196
—V.
—
—
—Consolidation. —
Quincy Quarry Co. Receiver. At Boston on Oct. 4 Judge
Colt of the United States Circuit Court appointed Thomas J.
Dunphy receiver of the company, on a bill brought by the
National Granite Bank of Quincy and others. The liabilities, it is stated, consist of a floating debt of $50,000, interest
on bonds $12,500 and $25,000 for sinking fund purposes.
Compare V. 78, p. 2446 and V. 79, p. 1268.
Rochester (N. Y.) Telephone Co. Control. See United
States Telephone Co. below.
V. 81, p. 672.
79, p. 628.
The retiring directors are: J. R. Burnett, H. C. Smith, Ownership.
Frank D. Russell, B. R. Robinson and F. Wickes. V. 79, 1059.
National Cash Register Co. Loan. The "Ohio State
Journal" of Columbus states that President John H. Patterson of that city has returned from the East, where he negotiated a loan for about $1,000,000, the money to be put in
new buildings and to enlarge the business abroad. In reply
to our letter of inquiry, Preston P. Edmonston, "Secretary
Executive Offices," states that "no particulars in reference
V. 76, p. 1252.
to this loan have yet been given out."
New England Cotton Yarn Co. First Dividend of ReorThis Massachusetts corporation has deganized Company.
clared thefirst dividend, \y2 p.c, on its $2,000,000 6 p. c.
non-cumulative preferred stock, payable Nov. 1 to stock
The "Boston News Bureau" understands
of record Oct. 16.
that the company "is outputting over 1,000,000 pounds of
yarn per week, its maximum output, running its 540,000
V. 81, p. 617.
spindles full capacity."
New Milford (Conn.) Power Co. Change in Control. See
Connecticut Railway & Lighting Co. under "Railroads"
above.— V. 81, p. 563.
New York Independent Telephone Co. See United States
Telephone Co. below.
Pacific Starch Co. of Jackson, Mich., and Tacoma, Wash.
Bonds. W. R. Reynolds, Sec. and Treas., writing from
Jackson, Mich., on Sept. 30, says:
The company has recently authorized an issue of $200,000 of first mortgage 6% bonds, in order to make some improvements and also to provide
a larger working capital. The company has no other bonded debt. A
large amount of these bonds have already been taken by the present
Westmoreland Coal Co.
Co., it is stated, is or will be controlled.
The consolidation
brings under one ownership some 6,000 acres of coal land,
owned in fee; total annual output capacity, 2,000,000 tons.
The total authorized capitalization is: Stock, all of one
class, $3,000,000, in shares of $100 each; new bonds $2,000,000.
There are no underlying liens. Directors: President,
D. W. Kuhn; Vice-President, H. K. Knopf; Secretary, S. A.
Davis; Treasurer, W. A. Lyon and J. A. Roelofs, all of
Pittsburgh.
Offices at Pittsburgh.
Springfield
p. 2460..
&
Governor Pennypacker of Pennsylvania, on Sept. 3, approved the articles of merger and consolidation between the
Schoeuberger Coal Co., the Hazel Kirk Gas Coal Co., the
Pittsburgh-Connellsville Coke Co. of Pittsburgh, the Penn
Manor Shaft Co. and the Westmoreland Coal Co., forming
the Pittsburgh & Westmoreland Coal Co.
The Blaine Coal
(111.)
—See
—
& Power Co. Municipal
City Department." in V. 81, p.
Light Heat
"State
&
—
Stromberg-Carlson Telephone Manufacturing Co. Sold
See United States Telephone Co. below.
V. 78, p. 2015.
Tacoma (Steel) Co. Capitalization. This company, organized in 1902 to build a steel plant, the late C. W. Callam
being a leading spirit in the enterprise, was recently proposing to reduce its authorized issue of capital stock from
$25,000,000 (par $1) to $875,000. Thereupon Seth Marshall of California obtained an injunction restraining the
trustees (Joshua Peirce, Henry Bucey, A. F. Eastman, S. R.
Balkwill and E. M. Shelton) from carrying out the reduction.
We do not know how the matter now stands, but it
is interesting to note that, according to the allegations in the
injunction suit, almost $5,000,000 of the stock was obtained
by the incorporators, it is claimed, without consideration,
and $2,000,000 has been sold in various parts of the United
States.— V. 74, p. 835.
—
—
—
—
—
United States Rubber Co. First Dividend on 2nd Pref.
directors on Thursday declared an initial dividend of
13^% on the second preferred stock; authorized issue $10,000,000, created in connection with the acquisition of the
Rubber Goods Manufacturing Co. The directors also declared a quarterly dividend of 2% on all the first and old
preferred stock.
The dividends are payable Oct. 31 to
The
holders of record Oct. 21.
Application to List. The
—
beeen requested to
New York
Stock Exchange has
new
stock as follows: $1,334,000
additional common stock, increasing the amount listed to
$25,000,000; $5,114,800 additional first preferred, making
stockholders, and the balance, it is expected, will be sold within the next the total listed $28,640,300; $8,387,300 second preferred, of
thirty days to the friends of the present stockholders. No public offering
the authorized issue of $10,000,000.
of the bonds will be made.
Earnings. The net earnings for the six months endThe company produces "never-stick wheat starch for the
laundry and fluff wheat food starch for the kitchen." The ing Sept. 30 (September partially estimated) are $2,005,887,
company's capital stock, as shown by its letter-head, is contrasting with $2,105,486 for the corresponding period
W. W. Hawley is President and J. S. Galloway last year.— V. 81, p. 159, 36.
$725,000.
United States Steel Corporation. New Director. George
is Vice-President.— V. 81, p. 1046.
Penn -American Plate Glass Co. Mortgage. This com- F. Baker, President of the First National Bank, New York,
pany has made a mortgage to the Farmers' Deposit National has been elected a director to succeed Robert Bacon, reBank of Pittsburgh and Emanuel Wertheimer as trustees, to signed. Mr. Bacon is to be Assistant Secretary of State.
secure an issue of $600,000 6% first mortgage gold bonds, V. 81, p. 901, 618.
United States Telephone Co. New Project. This comdated Feb. 1 1905 and due Feb. 1 1915, but all subject to call
at 105 at any interest period; sinking fund $30,000 annually. pany, incorporated under the laws of New Jersey, recently
The proceeds are to be used for improvements, etc. "No increased its authorized issue of capital stock from $100,000
It is
to $50,000,000, all common; par value of shares $100.
prior liens outstanding."
The company is a Delaware corporation, organized Dec. 31 1C00 as a said that there will be authorized an issue of $17,000,000 5%
consolidation of the Penn Plate Glass Co. of Pittsburgh (V. 75, 30-year collateral trust gold bonds, a portion of which will be
The
p. 294), and the American Plate Glass Co. of Alexandria, Ind.
capital stock is $2,000,000, all outstanding; par of shares, $100 each; used to acquire a controlling interest in the independent
dividend rate at last accounts 7% per annum, payable quarterly, Jan. 15
Investment .News Continued on Page 1122.
etc.
The first dividend was paid Jan. 18 1901. The company owns and
list
—
—
—
—
—
—
—
Oct.
THE
7 1905.]
C7TR0NT0LE.
1105
Reports and Jlocumcuts,
ILLINOIS CENTRAL RAILROAD COMPANY.
FIFTY-FIFTH
ANNUAL REPORT— FOR THE YEAR ENDED JUNE
30 1905.
of miles of railroad operated by the Illinois Central RR. Co. on June 30 1904, was
There was added on November 37 1904, on account of diversion oi the line al Cedar Falls, [owa..
The number
II
akin? f he number of miles of railroad in operation on June 30,
1
4,373.72
.32
905
4 ,374 .04
of miles of railroad operated during the year ended June 30 1905
average of 4 ,340.35 operated in the preceding year.
The following is a summary of the Company's business for the year ended June 30 1905:
The average number
Gross Receipts from Traffic
Expenses oi Operation
$49,508,649 94
-
-
Taxes
-
Income from
has been 4,373.91, against an
833 ,0S4 ,257 94
2,027,448 11
-
being the excess of Receipts over Expenses of Operation and Taxes
35,111,706 05
Net Receipts from Sale of Lands
Income from Investments and Miscellaneous Profits
S14.396.943 89
2,487 86
2,759,019 54
Excess of Income over Expenses of Operation and Taxes
$17,158,451 28
From
Traffic,
this there
have been paid:
Funded Debt and on St. Louis Division Prior Lien Bonds
of Subsidiarv Railroads, including therein the interest on all the
-are guaranteed by the Illinois Central RR. Co
$3,938,470 00
Interest on
Rent
bonds
of leased or subsidiary railroads
3,084,639 30
Total Fixed Charges
---
Net Income for the year ended June 30 1905
Surplus Dividend Fund brought forward June 30 1904, as shown in
Amount
last
which
7,023,109 30
-
$10,135,341 98
1,225,766 92
Report
Available
$11,361,108 90
-
This has been disposed of as follows:
H%
extra
100th Semi-Annual Cash Dividend, paid March 1 1905, 3% regular and
extra
101st Semi-Annual Cash Dividend, payable September 1 1905,3% regular and
$3,326,400 00
3,326,400 00
$6,652,800 00
Discount on bonds sold, as explained below
Added to the Insurance Fund
Set apart for Betterments.
$1,255,395 71
500,000 00
1,683,886 27
3.439,2819
Carried forward to Surplus Dividend
Fund
as of
June 30 1905, and
%%
set apart as applicable to future
Dividends
1,269,026 92
$11,361,108 90
As compared with
the preceding year:
The average number of miles of railroad operated increased.
Gross Receipts from Traffic increased
Expenses of Operation increased
33. 56 or
S2, 677, 514 04 or
291,006
85,017
2,301,490
38,565
83,523
2,346,448
1,077,033
1,269,414
1,316,994
950,400
895,442
1,218,776
143,260
Taxes increased
Income from Traffic increased
Net Receipts from Sale of Lands decreased
Income from Investments, and Miscellaneous Profits increased
Excess of Income over Expenses of Operation and Taxes increased
Total Fixed Charges increased
Net Income for the fiscal year increased
The amount available after deducting Fixed Charges increased
The amount of Dividends paid or set apart increased
The sum appropriated from Income for Betterments decreased
The sum appropriated from Income Tor other purposes increased
Surplus Dividend Fund has been augmented by
FIRE AT
63
25
16
57
82
41
94
47
47
00
48
95
00
or
or
or
or
or
or
or
or
or
or
or
or
or
.77 per cenf
5.72 per cenj
.89 per cen»
4.38 percent
19.03 per cen
93.94 per cent
3.12 per cent
15.84 per cent
18.11 per cent
14.32 per cent
13.1
per cent
16.67 per cent
34.72 per cent
227.12 per cent
3.53 percent
1.
1
NEW ORLEANS, LA
r
F*i' In the fire of February 26 1905, by which the Yazoo •"& Mississippi Valley JRR.'Co. lost its elevators, warehouses and
other facilities at Stuyvesant Docks, New Orleans, there were destroyed 233 Freight Cars belonging to this Company, or for
which it was responsible, the loss being §87,250 78, which sum was charged to the Insurance Fund.
Numerous claims have been presented against this Company for losses on accountjof goods in freight cars or on wharves,
but no conclusion has been reached as to the extent to which this company is liable.
Prompt settlement will be made of all
claims for which it is responsible, so as to avoid litigation.
DIVIDEND AND INSURANCE FUNDS.
The sum of $43,260, derived from interest on securities in the surplus Dividend Fund, has been added to that fund,
which now amounts to SI, 269 ,026 92.
The Insurance Fund, after the payment therefrom of all losses by fire, including $87,250 78 for freight cars, exclusive of
contents, burned at New Orleans, February 26 1905, was augmented during the year through ordinary operations by $45,64 S 25, besides which, in view of the large additions to equipment and other insurable property, and of the sums possibly
to be disbursed on account of the fire above referred to, there has been specially set apart from the income of this year.,
and added to the Fund. $500,000. The amount at credit of the Fund June 30 1905. as shown in Abstract G, was $2,152,91941.
•
SINKING FUNDS.
of the Cairo Bridge'Funds report that on June 30 1905 they held:
For the Contingent Fund the same amount as lasl y ar, viz.: $504,750 11; for the Sinking Fund, $73,939 24, which is
$22,112 99 more than last year, and for credit of the Chicago St. Louis & New Orleans RR. Co., subject to the
order of the Hoard of Directors of that corporation, $121,413 74, which is $32,371 40 more than lasl year
$572,781 21,
Th'' Trustees of the other funds reporl thai they held in the Sinking Fund for Western Lines Bond!
Fund for Omaha Division Bonds, $49,082 61, being an increase
bein:
15 96 more than last year, and in the Sinking
ritiea
liro Bridge Contingent Fund and Sinking Fund,
of $11,597 01.
These funds are invested, as
die
authorized by the several Deeds of Trust under which they were established, and none of th
ts appears in
Balance Sheet herewith submitted.
" he additions thus made to these funds during the year amount in the aggregate to $132,617 36.
The Trustees
:
.
i
PURCHASED LINES .[-BONDS.
The title to the Peoria Decatur A Mattoon RR. having been acquired as of March 31 1905 and vested in til- niinof"
Central RR. Co., $2,500,000 of .Purchased Lin
Wch, as stated in the Report for the year ended June 30 1904, had
been reserved for that purpose, were issued, making the amount of such bonds outstanding $ 14,662,000.
THE CHRONICLE.
1(06
(Vol.
r.
TTi T
DISCOUNT ON BONDS SOLD.
There were set apart to the Insurance Fund $2,152,000 Illinois Central
there were sold during the year the following:
RR.
Co. Purchased Lines
3}4% Bonds, and
$12,493,000 Purchased Lines, 3J^% Bonds due in 1952.
400,000 Louisville Division & Terminal
Bonds due in 1951,
119,000 Litchfield Division 3% Bonds due in 1951,
2,675,000 Omaha Division 3% Bonds due in 1951.
3H%
The sale of these $15,687,000 Bonds yielded $14,304,142 50, and the discount on their sale, being the difference
between their valuation on the Company's Books and the proceeds of sale,jamounting to $1,255,395 71, has, as shown
above, been taken out of this year's income.
INDIANAPOLIS SOUTHERN RAILWAY.
In the summer of 1904 it became known that a railroad called the Indianapolis Southern Ry. was being built from
Indianapolis to Switz City, Ind., and was projected to run thence westward for more than 20 miles parallel with the
Effingham Branch of the Illinois Central RR. to the coal fields in Sullivan County, Ind. Negotiations were opened with
those having this matter in charge, which resulted in securing the full control and practical ownership of the Indianapolis
Southern Ry. The cost of building the road from Switz City to Indianapolis for a distance of 89.23 miles, including
valuable terminals in the heart of the latter city, and an elevated track reaching thereto without crossing streets at grade,
is estimated at $4,511,800, of which there had been expended prior to June 30 1905 $2,772,881 67.
Indianapolis is the capital and the commercial centre of the State of Indiana and had by the Census of 1900 a population of 169,164.
The Indianapolis Southern Ry. traverses the so-called Bedford Stone district, from which a large and
growing traffic is to be expected, as that kind of stone, anjoolithic limestone, is now coming into general use.
PERMANENT IMPROVEMENTS.
No
In the betterment of the property there have been spent during the year $4,400,822 27, as set forth in detail in Table
Of this sum, $1,683,886 37 were paid from current income and $2,716,936 were charged to Capital.
1.
RAILROADS AND EQUIPMENT.
During the year the amount charged to Railroads and Equipment has been increased by $5,885,806 74. Of this sum
$2,716,936 were charged as above stated to Capital, and the remainder represents the book value of the Peoria Decatur &
Mattoon Railroad, to which title has been taken during the year, the item in the Balance Sheet, known as Advances on
Account of other Railroads, being reduced accordingly.
STANDARDS OF MAINTENANCE.
The policy of improving the standards of maintenance has been strictly adhered to. The average weight of rail in
main track is 73.50 pounds to the yard, as against 72.78 pounds last year. The average tractive capacity of locomotives
on level track has increased from 3,734 to 3,860 tons. The average capacity of revenue freight cars from 33.77 to 34.21
tons.
The passenger-train equipment has been improved by the purchase of 15 new cars, including the 8 steel cars referred
to in last report as being under construction for the suburban service at Chicago.
All of the 1,158 engines, the 802 passenger, mail, and express cars, the 54,764 freight cars, and the 1,765 work cars,
shown on the inventory, are in existence, excepting 4 passenger cars and 926 freight cars. Orders have been given for
replacing these cars with new ones, and their cost has been provided through charges already made to Maintenance of
Equipment.
During the year 72 new locomotives were bought and added to the equipment, none having been disposed of; 2,518
new freight cars and 1 rail unloading machine were bought or built in the Company's shops. Of the new freight cars, 1,018
replaced old cars destroyed, or disposed of, and 1 ,500 were added to the equipment.
Air brakes are attached to 90.10 per cent of the freight car equipment.
ADDITIONAL SECOND TRACK.
During the year 11.86 miles of additional second main track were put in service. At its close there were in sendee
667.54 miles of second track and 72.56 miles of third and other additional main tracks, making together 740.10 miles. To
complete the double track between Jackson, Miss., and New Orleans, ;ajdistance of ISSjmiles, there are yet to be constructed 17.14 miles.
The attention of the Stockholders is invited to the accompanying Balance Sheet and to the Abstracts explanatory
thereof, as well as to the various Tables showing further details as to the Company ^business.
By order of the Board of Directors,
ALEXANDER G. HACKSTAFF,
New York, September ,20
1905.
Secretary.
GENERAL BALANCE SHEET.
Abstract.
A
Abstract.
Railroads and Equipment
$190,622,248
321,899
2,412,510
6,756,155
48,056,348
Real estate
B
Material
C
Stocks owned
F
Bonds owned
Advances on Account
D
and Supplies
Railroads
E
St. L.
A.
&
Subsidiary
H
Leased Line Stock
Funded debt of Illinois Central RR. Co...
$127,638,275 00
Funded debt of Chicago St.
Louis & New Orleans RR.
.
Co
16,234,000 00
39
82
K
K
910,289 69
6,320,182 12
T. H. RR. and
Lines Suspense
__
Assets in Insurance Fund
Assets in Surplus Dividend
$95,040,000 00
10,000,000 00
143,872,275 00
Set apart to Provide for Div-
idend payable September 1
1905
Profit and Loss
Stock and funded debt of St.
L. A. & T. H. and Subsidiary Lines
$3,328,300 00
2,152,919 41
Fund.
Assets in Pension
Capital Stock
61
51
Other
..
Account
O
of
98
Fund
1,269,026 92
250,000 00
7,000,246 33
Q
H
Surplus Dividend
Pension Fund
Pund
3,326,400 00
3,160,960 12
$3,328,300
2,152,919
1,269,026
250,000
00
41
92
00
7,000,246 33
$262,399,881 45
$262,399,881 45
ABSTRACT A.--SEE FOLLOWING PAGE.
ABSTRACT
C— STOCKS
OWNED.
Book Value.
Par Value.
Central RR. Co. Stock and Scrip
Louis & New Orleans RR.
Dubuque & Sioux City RR. Co
Chicago Union Transfer Ry. Co..
Peoria & Pekin Union Ry. Co
Illinois
Chicago St.
Other Stocks
Total
Co
50
00
00
00
00
00
$39,337 50
10,200 00
,419,739 02
40,000 00
203,200 00
43,678 87
$11,138,162 50
$6,756,155 93
$39,337
10,200
10,443,900
80,000
250,000
314,725
—— —
Oct.
T11K
7 1905.
|
.
.
CHRONICLE
ABSTRACT
D.
1107
-BONDS OWNED.
Par Value.
Illinois antral Sterling Fives of 1905
Illinois Central Gold Fours of 1953
Illinois Central Gold, St. Louis Division,
Illinois Central Gold, Litchfield Division.
Threes ol 1951
Threes ol 1061...
.
Illinois Central Gold, Purchased Lines, Three and a halls ol h».'>j. ..
oo A Mississippi Valley UK. Co. Gold, Improvement Fours of 1034, Registered
Dubuque A Sioux City KK. Co. Gold Fours of 1951
Indianapolis Southern Railway Gold Fives of 1953
..
Mississippi Valley Corporation Fours ol 1943, Registered
.
Mississippi Central Second Mortgage (past due)
loua Calls & Sioux City KK. Co. list Mortgage Sevens of 1917
..
Hook Valve.
00
00
00
00
000 00
460,500 00
$1.000 00
71,000 00
00.101 50
IL',000 00
17.000 00
10,098.524 98
718,840 01
2,1 14,848 47
8,283,000 00
t.OO 00
523,073 13
$17,571,358 75
$10,894,983 09
$1,000
71,000
60,276
12,000
17,000
10,008,624
()(>
08
1,260,468 77
2,317,000 00
3,283,000 00
'
1
Bonds Pledged—
vbstract "L."
Mississippi Valley RR. Co. First Mort sage* Gold Fives of 1952
Yazoo
Cherokee A Dakota RR. Co. First Mortgage Gold Fives of 1935...
Cedar Kapids .t Chicago KK. Co. First Mortgage Gold Fives of 1935
2,800,000 00
2,324,488 IS
$3,100,000 00
830,000 00
3,930,000 00
3,930.000 00
$10,832,000 00
0,104,000 00
9,904,000 00
35,840,000 Ou
24.906.877 55
$00,141,358 75
$48,056,348 82
..v.
Louisville
Louisville
Louisville
New Orleans & Texas Ry. Co. First Mortgage Gold Fours of 1934
New Orleans & Texas Ry. Co. Second Mortgage Fives of 1934
New Orleans & Texas Ry. Co. Land Grant Income Bonds of 1934
ABSTRACT A.— RAILROADS AND EQUIPMENT.
As shown in the Report for the
Year Ended June 30th.
Decrease
Increase.
1905.
—
—
RR. Proper
RR. Purchased
Illinois Central
Illinois Central
Li t clifield
&
Chicago
Chicago
$65,611,327 42
-
—
Division
Springfield
& Harlem
& Texas
City
St. Louis Division (St. Louis Alton & Terre Haute)
Mat toon to E vansville
Peoria Decatur & Mattoon (see Abstract F)
& Ohio
River
Mounds & Olive Branch
Groves
<fc
Sand Ridge
Christopher
South Chicago
Blue Island RR
&
Herrin
RR
Canton Aberdeen & Nashville
254,458
69,798
2 ,011,304
43 925,747
26 357,580
5 425,000
5 000,000
RR
Orleans RR
and Mortgage Lien
Sioux City RR. to secure
& New
Chicago St. Louis
Louisville Division Lease
Lien on Dubuque
Omaha
&
$1,181,026 61
•3,241 ,870
•2,493 ,242
•1,449 ,411
•1,847 ,189
•
581 ,487
10,805 ,555
205 ,583
1,819 ,483
12 ,968
12,911 ,147
2,026 ,898
35
65
2,314 96
59,591 89
288 284
260 125
414 ,403
47 ,645
254 ,453
68 ,385
2,010 ,345
43,654 ,945
25,487 ,715
5,425 000
5,000 000
09
244,185 31
,552,834 54
,438,943 41
,848,264 21
584,339 79
,877,359 49
205,583 14
,852,828 43
12,908 08
12 ,959,256 48
2 064,013 25
3 ,168,870 74
285,062 21
261,885 19
532,078 68
78,559 77
Mound
St. Louis
$64,430,300 81
Lines.
Kankakee & Southwestern
Chicago Havana & Western
Rantoul
Chicago Madison & Northern
Riverside
1904.
I.
C. Western Lines Bonds
Division
07
52
24
00
41
00
00
21
14
66
•
71
14
01
68
57
50
33,345 42
48,108 91
37,114 75
3,168,870 74
3,221 88
19
61
1
,760 00
117,675
30,914
4
1,413
959
270,801
869,864
20
83
40
11
67
71
07
57
24
12
13
33
70
00
00
S190 622,248198 $184,736,442 24
Total
$10,467 80
1,075 07
2,852 13
171,803 78
•
$5,885,806 74
ABSTRACT B.— ASSETS AND LIABILITIES
ASSETS.
LIABILITIES.
•$9,947,040 71 Payable on Demand
Audited Vouchers
Vouchers audited prior to June
64,635 52
Vouchers audited for June 1905
1,958,808 75
Wages and Salaries
1,291,440 24
Due prior to June 1 1905
1,020,984 67
Due for the month of June 1905
195,047 89
Cash
Bills
Receivable
and Loans on
Collateral
Due from Solvent Companies and
Individuals
Due from Agents
Due from Subsidiary Companies
•
..
Other Assets
1
1905
.
$514,513 28
1,099,826 97
$1,614,340 25
$247,800 44
1,719,812 48
1,967,612 92
Net Traffic Balances due to other Companies
Dividends not called for..
Matured Interest Coupons unpaid
•
478.656 90
27,312 30
—
Due prior to Julv 1 1905
Due on July 1 1905
$83,610 25
1,062,340 00
1,145,951 25
Rents payable Julv 1 1905..
Other Accounts Payable
200,000 00
290,167 61
Future Dates
Interest on Funded Debt accrued to June 30
1905, but payable at various dates after
Julv 1 1905
Fund for Renewal of Kneines and Cars..
Fund for Automatic Couplers and Air Brakes
Fund for Renewal of Marine Equipment...
Payable
653,941 46
$1,194,620 46
37,236 10
37,294 70
1,269,151 26
Other Accounts Payable
510,641 71
Total
$14,477,957 78
$5,724,041 23
at
2,433 734 43
6,320,182 12
$14,477
0.r>7
78
ABSTRACT F.— ADVANCES ON ACCOUNT OF OTHER RAILROADS.
Amount Advanced
as Shown
in the Report ]nr thr Year
Ended June
'M)th.
ase.
1905.
Effingham District
— Formerly
St
RR
rdeen (Y. Nashville
Peoria Division (see Abstract A)
•
Total
I
ouis Indiananolis
in
Mabama
A
Eastern
RR
$743,956 03
166,333 66
$910,289 69
1904.
$743,709 57
161.664 72
3.322,263 70
$4,227,537 99
$246 46
•1,7'
$3,317 248,30
THE CHRONICLE.
1108
ABSTRACT
H— APPLICATION
[Vol. lxxxi.
OK INCOMi.
DR. ITEMS.
Surplus Dividend Fund June 30 1004, as shown in last report
Net Receipts during the year ended June 30 1905
From the Operation oi the Railway, as shown In Abstract
From the I. and Office
From Investments and
$1,225,766 92
_
"M"
in
pamphlet report
--
-
$14,390,943 89
._
--
-
2,4
Miscellaneous Profits, as shown in Abstract "I"
I
17,158,451 28
2,759,019 54
Available for Fixed Charges and Dividends
$18,384,218 20
CR. ITEMS.
Interest on Funded Debt to July 1 1905, inclusive
Sterling Sixes, extended as Gold Fours of 1951.
Sterling Fives of 1905
-
Gold Fours of 1951
Gold Three and a'.halfs of 1951
S2,500,000@4%
-
-
---
Sterling Threes of 1951
Sterling Sinking Fund Fives, extended as Gold three
.
-
and a
halfs of 1951
Currency, Kankakee & Southwestern KR. Fives of 1921
--Sterling Three and a haifs of 1950.
Gold Fours of 1952
Gold, Cairo Bridge Fours of 1950
Gold Fours of 1953.
Gold, Western Lines Fours of 1951
Gold, St. Louis Division Threes of 1951.
Gold,
Gold,
Gold,
Gold,
Gold,
1,000,000 " 5%
1,500,000 "4%
2,499.000 " 3J .'
2,500,000
3,000,000" 3>A7c
-
-
-
84,996,000 6mos.
4,998,000 6 "
St. Louis Division Three and a halfs of 1951
Springfield Division Three and a halfs of 1951
Omaha Division Threes of 1951
Litchfield Division Threes of 1951
Purchased Lines Three and a halfs of 1952
"3%
908,000 "5%
5,266,000 " 3A%
15,000,000 " 4%
3,000,000"4%
25,000,000 " 4%
5,425,000" 4%
$74,940
@3%
^ "
74,970
$100, 000
(JO
000
000
465
75 000
105 000
48; 400
184; 310
eoo, 000
120, 000
1,000 000
217 000
00
00
00
00
00
00
00
00
00
00
00
50,
60,
87,
149,910 00
293,195
70,000
150,000
95,440
8,377,000@3M%
"
2,000,000
—
3A%
5,000,000"3%
3,148,000"3%
©3A%
$12,162,000 Omos.
"
14,662,0006 "
$212,835
256,585
3*A%
00
00
00
00
409,420 00
83,874,140 00
Interest on St. Louis Division Prior Lien
Bonds
Currency, Belleville & Eldorado RR
Currency, Belleville & Carondelet
Gold, St. Louis Southern RR
Gold, Carbondale & Shawneetown RR
$71,000@7%
"6%
241,000 "4%
RR
•
Interest on
Funded Debt and
St.
$4,970
28,200
21,520
9,640
470,000
538,000" 4
00
00
00
00
64,330 00
Louis Division Prior Lien Bonds.
$3,938,470.00
of C. St. L. & N. O. RR.—
Currency, Second Mortgage Sixes of 1907
$80 000® 6%
Gold Fives of 1951
16,555 ,000 " 5%
Gold Three and a halfs of 1951
_
1,359 ,000
Gold. Memphis Division Fours of 1951
3,500 ,000 4%
Gold, Bridge Bonds Fives of 1950
3,000 ,000 5%
Gold, Louisville Division Three and a halfs of 1953.
21,788 ,000
Leased Line Stock
10,000 ,000 4%
Sinking Fund for Cairo Bridge Bonds, December 1 1904 and June 1 1905
$20,000 00
Trust Fund for C. St. L. & N. O. RR. Co., December 1 1904 and June 1 1905...
10,000 00
—
Rent
3A%
3A%
$4,800
827,750
47,565
140,000
150,000
762,580
400,000
00
00
00
00
00
00
00
30,000 00
Salaries of Trustees and others
Rent of Cecilia Branch
Rent of Line from Princeton to Gracey.
325 00
40,000 00
12,039 70
Rent of Peoria Decatur & Mattoon RR. for nine months from July 1 1904 to March 31 1905
Rent of Dubuque & Sioux City RR. (including $46,733 60 Sinking Fund on Gold, Western Lines
Fours, and $10,000 Sinking Fund on Gold, Omaha Division Threes)
$2,415,059 70
98,335 68
$938,243 92
Less
Interest on Gold, Western Lines Fours of 1951, as above
Interest on Gold, Omaha Division Threes of 1951, as above
Rent
$217,000 00
150,000 00
571,243 92
367,000 00
3,034,639 30
of Subsidiary Railroads
$7,023,109 30
Total Fi xed Charges
Dividends, March 1 and September
Set apart from Income
For Discount on Bonds Sold
For Insurance Fund
For Betterments
1
1905, on Illinois Central Shares
.$95,040,000 at
6%
regular and
1%
6,652,800 00
extra
1,255,395 711
500,000 00
1,683,886 27
3,439,281 98
$17,115,191 28
1,269,026 92
Surplus Dividend Fund, applicable to Future Dividends.
$18,384,218 20
ABSTRACT I.— INCOME FROM INVESTMENTS.
DR.
Fixed Charges of Subsidiary
Lines written off
and Loss
Sundry Losses (Net)..
Less
Exchange
less Interest
Paid on
$259,424 72
Money Borrowed
Owned
Illinois Central RR. Co. Stock.
Chicago St. Louis & New Orleans RR. Co
Dividends on Stocks
Profit
Sterling
Money Loaned,
Interest Received on
$503,500 00
CR.
$3,688 44
3,567 73
120 71
Mississippi Valley
Interest on
$2,985 00
408 00
243.209 26
Co
246,602 26
Bonds Owned
82, 840 00!
Illinois Central Gold Fours of 1953
Illinois Central, Gold, Litchfield Divison
Illinois Central, Gold, St. Louis Division,
Illinois Central, Gold, Purchased Lines
1, 957
Threes of 1951
Threes of 1951
3H S of 1952
Y. &M. V. RR. Co. Gold Improvement Fours of 1934
Dubuque & Sioux City RR. Co. Gold Fours of 1951
Indianapolis Southern Ry. Gold Fives of 1953
Illinois Central, Gold, Omaha Division Threes of 1951 ..
C. St. L. & N. O. RR. Gold Fives of 1951
C. St. L. & N. O. RR. Gold Bridge Fives of 1950
Y. & M. V. RR. Co. Gold Fives of 1952
L., N. O. & T. Rv. Co. Fours of 1934
Cherokee & Dakota RR. Co. Fives of 1935
Cedar Rapids & Chicago RR. Co. Fives of 1935
Iowa Falls & Sioux City RR. Co. Sevens of 1917
Other Bonds
770
119 420
355 792
44 309
95 ,100
40 ,095
263 300
150 ,000
140 ,000
673, 280
155, 000
41, 500
32 235
93 253
1
50
00
00
18
84
00
00
00
00
00
00
00
00
00
75
43,260 00
Interest on Securities in Surplus Dividend Fund
Interest on Bonds of Subsidiary Lines pledged to
secure $15,000,000 Illinois Central Fours of
1952— $16,350,000 Fives
$817,500 00
Less Interest Collected as above
From Y. & M. V. RR. Co. on its Gold
Fives of 1952...
$140,000
From Dubuque & Sioux City RR. Co.
On Cherokee & Dakota RR. Co.
155,000
Gold Fives of 1935
On Cedar Rapids & Chicago RR. Co.
41,500 336,500 00
Gold Fives of 1935
on
South Chicago RR. Co. Fives of 1922..
Canton Aberdeen & Nashville RR. Co. Note given
2,209,853 27
$481,000 00
Interest
Balance, representing
Net
Income from Investments
2,759.019 54
$3,262,640 25
Bonds canceled
10,000 00
for
12.500 00
503,500 00
$3,262,640 25
—
OCT.
7
—
—
THE CIIRONICLK
1905.]
109
I
TABLE NO. 1.— PERMANENT IMPROVEMENTS.
.1
mount*
nihil ihtr-
HY ROADS.
ino the Year
.lime 30
'
1906.
Illinois Central
Illinois Central
UK. -Proper
uu. -Purchased
Litchfield
$2,864,912 88
lines:
96
89
Cr.10,467.80
1 ,075 07
2 852 13
71,803 78
33,346 12
48,108 91
37.1 il 76
Cr.3,221 88
$2,31
Division
Chicago A Springfield
Kankakee A Southwestern
Chicago Havana A Western
Rantoul
Chicago Madison A: Northern
Chicago A Texas
St. Louis Alton A Terra Haute...
Ifottoon to Evansville
A Ohio EUvex
Hounds A Olive Branch
St. Louis
I
>91
-.
1
,760 00
117,ii75 07
30, 914 57
Groves A Sand Ridge
Christopher A Herrin
RR.
South Chii
Blue Island KR
Canton Aberdeen A Nashville KR
Chicago St. Louis A New Orleans KR.
Main Line and Branches
392.866 87
4 24
1,413 12
959 13
8115,063 09
155,738 24
869.S64 70
Mem plus
Division
Louisville Division
1,140,666 03
$4,400,822 27
Total
Distributed as follows:
Construction
Way lands acquired
Station Grounds Acquired...
Buildings
Section Houses
Bridging
§25.175,23
30,167 15
202,054 37
392 40
367,482 55
64,681 23
9,375 72
9,519 15
261,844 66
27,821 95
1.172 14
78,053 61
6.186 50
406,419 14
151,151 99
4,123,93
1,533 75
Cr.77 79
41 00
8,285 35
Water Works
Cattle Guards
and Crossings.
Fencing
Sidings
Ballasting
Changing Grade of Tracks
Grading and Track Laying
Ties, Rails and Fastenings
New Second Main Track
Block Signals
—
Interlocking
New
Telegraph
Docks and Wharves
Lake Front Improvements
Connecting Tracks, Thebes, 111., Bridge
Branches C. St. L. A N. O. RR.—
Brookhaven, Miss., to Monticello, Miss., and extension
East Cairo, Ky.. to Paducah, Ky.
Dyersburg, Term., to Obion River and extensions
New Shop Machinery and
$452 15
12,587 05
479 57
Tools
13,518 77
254.183 14
$1,923,105 94
New Equipment Purchased
in addition
to
New
Engines and Cars Bought or Built to Replace Old Ones:
72 Locomotives: .
6 Atlantic Type Passenger Locomotives
56 Consolidation Freight Locomotives
$101 ,343 87
955 ,760 79
127 ,500 98
10 6- Wheel Switch Locomotives
—
15 Passenger Cars:
4 Baggage Cars
2 Baggage and Smoking Cars
8 Steel Suburban Cars
1
Cost.
Less Charged in
Previous Year.
§16,538 25
S17.274 57
14,186 46
498 11
68,61159
7,56173
Dining Car
1,500 Freight Cars500 40-ton Box Cars
250 50-ton Dump Gondola Cars
250 45-ton Dump Gondola Cars
500 30-ton Refrigerator Cars
1
736 32
13 ,688 35
61 ,049 86
14 ,400 00
434 ,037
204 ,692
168 ,239
395 ,666
600
Rail Unloading Machine
40
74
45
57
00
Charged to Capital
Defrayed from Income.
2,477,716 33
$4,400,822 27
$2,716,936 00
1,683,886 27
$4,400,822 27
TABLE NO. 3.— COMPARATIVE STATEMENT OF RECEIPTS FOR THE YEARS ENDED JUNE
AND
TABLE NO.
4.
30 1905
1904.
-COMPARATIVE STATEMENT OF OPERATION EXPENSES FOR THE YEARS ENDED
JUNE 30 1905 AND 1904.
i
Year Ended June 30th.
Increase.
1905.
Maintenance of Wa? and Structures.
Maintenance of Equipment
Conducting Transportation
General ExpenTotal
..
$6,095,096 18
7.80J.SI0 21
18,102.051 50
1,082,300 05
$33,084,257 94
1904.
Per Ct
linn
tr />'
"I
i
13
$415,785 32
481,467 08
7.32
6.67
36
96
77.641 09
7 73
$32,793,251 31
$291,006 63
S'l
$5,679.310
7,323,343
18,786.938
1,004.658
86
S86 86
THE CHRONICLE.
1110
i
Vol. lxxii
TABLE NO. 5.— COMPARATIVE STATEMENT OF GENERAL OPERATIONS, FOR THE YEARS ENDED
JUNE 30 1905 AND 1904.
Year Ended June 30th.
Per Cent
Increase.
1905.
,
1904.
of
increase.
or Decrease
Decrease,
\
\
Miles of road operated
4,373.91
4,340.35
33.56
.77
j
Miles run by Freight Trains
Miles run by Passenger Trains
Miles run by Mixed Trains
16,950,494
11,109,880
476,188
18,320,526
10.827,134
476,506
Total revenue Train Mileage
Miles run by Construction Trains
Miles run by Switching Engines
Other Engine Mileage
28,596,562
486,967
6,748,838
1,480,940
29,624,166
811,522
7,299,159
1,519,414
3.47
39.99
7.54
2.53
1
37,313,307
39,254,261
4 94
i
Total Engine Miles
Mileage of Loaded Freight Cars
Mileage of Empty Freight Cars
Total Mileage of Freight Cars
Mileage of Passenger Cars
Number
Revenue Freight
One Mile
Number of Tons of Company Freight
Carried One Mile
Number of Tons
ried
One
Number
Q4n
*
»
<i-s
v
1.89
2.73
6,319,910
3.430,176
.63
2,889.734
4,248.015
7.57
5,559,139,454
5.221,132,514
338,006.940
830,456,160
1,023,811,034
6,389,595,614
583.481,895
6,244,943,548
485,092,114
6.47
18.89
Passengers Carried One Mile
144,652,066
98,389,781
2.32
20.28
5.72
16,424,392 00
14,037,884 59
2,386,507 41
17.00
Gross Receipts per Mile of Road
Operation Expenses per Mile of Road
Excess of Receipts over Operation
Expenses, per Mile of Road, ex-
$11,319 08
7,564 00
$10,789 72
7,555 44
$529 36
4.91
8 56
.11
3,755 08
3,234 28
520 80
16.10
clusive of Taxes
Gross Receipts per Revenue Train
Mile
Operation Expenses per Revenue
Train Mile
Excess of Receipts over Operation
Expenses per Revenue Train Mile,
$1.73 13-100
$1.58 08-100
1.15 69-100
1.10 69-100
39-100
exclusive of Taxes
.57
Revenue Freight
44-100
.47
Road Operated
Loaded Freight Cars
Cars in Train
Tons
of
of
of
Tons
of
05-100
21.21
68,048
5.66
111.763
21,638
19.36
18.78
17.75
1.03
5.80
7.41
6.69
.72
10.76
26.19
24.44
1.75
7.16
319.00
277.76
41.24
14.85
47.66
54.47
6.81
12.50
All
Freight in Train
Average Number
.10
Comp'y
Freight in Train
Average Number
4.52
Revenue
Freight in Train.
Tons
00-100
1,202,929
Cars in Train
ofj
.05
133,401
Average number of Total Freight
of
9.52
1,270,977
Average number of Empty Freight
Average Number
$0.15 05-100
in
Train
Average number
.89
Carried
One Mile per Mile of Road Oper'd
Passengers Carried One Mile per Mile
of
193,354,874
of Freight Car-
Mile
$2,677,514 04
291,006 63
Av. No.
fif>4
'324|555
550,321
38,474
333,645,198
125,700,922
459,346,120
56,153,080
$46,831,135 90
32,793,251 31
of
f!97
327,325,288
129,131,098
456,456.386
60,401,095
$49,508,649 94
33,084,257 94
of
318
.07
Gross Receipts
Operation Expenses.
Excess of Receipts over Operation
Expenses, exclusive of Taxes
Tons
1,370,032
of tons of
Carried
Total
7.48
3.17
342,746
332.23
366.66.1
Tons of Revenue
Freight in each Loaded Car
Average Number of Tons of All
Freight in each Loaded Car
Av. No. Passengers in Train
34.43
10.36
1.33
8.50
4.27
16.76
of
16.98
15.65]
1Q F52
50.10
18 T>
.80
42.91
7.19
TABLE NO. 6.— RECEIPTS AND EXPENSES— PER MILE OF ROAD, SHOWING AMOUNT.. PER CENT OF GROSS
RECEIPTS, AND PER CENT OF OPERATION EXPENSES FOR THE YEARS ENDED JUNE 30 1905 AND 1904.
Amount.
Year Ended
June
_
1904.
$7,455 10
2,453 14
1,410 84
.
Total
Operation Expenses
Maintenance of Way and'Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
Total
Taxes
Net Receipts
Increase
or
Decrease.
$7,301 85
2,201 38
1,286 49
$153 25
251 76
124 35
2.10
11.44
9.67
$11,319 08 $10,789 72
$529 36
4.91
$85 02
97 13
64
45
$1,308 49
.1,687 27
4,328 21
231 47
15 98
6.50
5.76
4.38
6.90
$7,564 00
87,555 44
$8 56
$463 53
$447 53
$3,291 55
$2,786 75
$1,393
1,784
4,138
247
51
40
Year Ended
June 30th.
Year Ended
of
Increase.
Gross Receipts
Freight
Passenger
Miscellaneous
Per Cent of
Operation Expenses.
Per Cent
30th.
1905.
Per Cent of
Gross Receipts.
June
1905.
1904.
67.7
20.4
11.9
65.8
21.7
12.5
100
100
12.3
15.8
36.5
2.2
15.6
40.1
2.2
.11
66.8
70.0
$16 00
3.58
4.1
4.2
$504 80
18.11
29.1
25.8
$189 57
Year Ended June 30th.
Tons
Tons
of Revenue Freight Carried
of Revenue freight Carried
One Mile
Average Distance Haul
of
One Ton.
Freight Receipts
Average Receipts per Ton
Average Receipts per Ton per Mile..
Freight Receipts per Mile of Road..
aMiles Run bv Freight Trains
Freight Receipts per Train Mile
23,148,309
5,559,139,454
240.15 miles
$32,607,922 17
$1 41
1904.
22,420,814
5,221,132,514
232.87 miles
$31,692,575 33
$1 41
607-1 000c
587-lOOOc
$7,455 10
$7,301 85
17,426,682
18,797,032
$1 87 11-lOOc
$1 68 60-1 00c
18.4
23.6
54.7
3.3
12.1
30 1905
3.24
338,006,940
6.47
3.13
2.89
$915,346 84
$153 25
$0 18 51-100C
22. S
57.3
3.1
100
3.29
2.10
7.29
10.98
AND
1904.
of
Increase,
or Decrease
727,495
7.28 miles
17.3
100
Per Cent
Increase.
-
1904.
1905.
TABLE NO. 7.— COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEARS ENDED JUNE
1905.
30th.
Decrease,
Decrease.
20-1 000c
$1,370,350
.
Got.
.
.
THE CHRONICLE.
7 1905.1
llll
Year Ended June 30th.
Per Cent o{
Increase.
1905.
Inert ust
1904.
Decrease.
.
or Decrease
m
Number
Number
Avenge
21,645.601
5S3.4S1.895
of Passengers Carried
Carried One Mile
Distance Traveled
22,563,613
485,092.114
918,012
98,389.781
4.07
20.28
5.46 miles
$1,175,082 21
$0 07 22-lOOc
25.40
12.30
17.05
$251 76
$1,401,638 03
6.65
11.44
12.09
$299 96
342,428
11.23
3.03
by each
26.96 miles
$10,729,825 37
$0 49 57-lOOc
Passenger Receipts
Average Fare of each Passenger
Average Receipts per Passenger
Per Mile
Passenger Receipts per Mile of Road
Gross Receipts of Passenger Trains.
Gross Receipts of Passenger Trains
per Mile of Road
aMiles Run bv Passenger Trains
Receipts of Passenger Trains per
Train Mile
a Includes Mileage of Mixed
21.50 miles
$9,554,743 16
$0 42 35-lOOc
$0 01 S39-1000c
$2,453 14
,
$12,994,732 20
$2,970 96
11,646.068
$0 01 970- 1000c
$2,201 38
$11,593,094 17
$2,671 00
11,303,640
$1 11 58-lOOc
$1 02 56-lOOc
$0 09 02-1 00c
131-lOOOc
8.79
Trains.
TABLE NO. 8.— STATEMENT OF SERVICE RENDERED TO THE PUBLIC BY THE RAILROAD COMPANY IN
THE TRANSPORTATION OF PASSENGERS AND OF REVENUE FREIGHT, AND OF SUCH SERVICE
PER MILE OF RAILROAD OPERATED IN EACH YEAR, FROM JULY 1 1895TO JUNE 30 1905.
Service Rendered to the Public.
X umber
Years Ended
June
of pas-
Number
of tons
revenue freight
Increase
Units of service
rendered
(being
the sum of the
mile. figures given in
the two preceding
sengers jc carried of
one
mile.
carried one
30th.
Service Rendered per
Mile Operated.
Miles of
Railroad
Increase over
preceding year
in units of service rendered.
operated.
columns).
over
nits of service preceding
pear
rendered
per
in units of
mile of Railroad service rendered
operated.
per mile
Railroad
of
Li
operated.
1896
1897
1898
1S99
1900
1901
1902
1903
1904
1905
222,034,712
212,985,073
263,336,693
268,589,994
305,643,549
373,919,236
401,309,425
455,432,129
485,092,114
583,481,895
2,018,129,060
2,258,388,132
2,722,540,585
2,799,941,184
3,425,794,698
4,016,085,602
4,452,073,927
5,176,543,778
5,221,132,514
5,559,139,454
2,240,163,772
2,471,373,205
2,985,877,278
3,068,531,178
3,731,438.247
4,390,004,838
4,853,383,352
5,631,975,907
5,706,224,628
6,142,621,349
Increase in 1905 over 1896
361,447,183
3,541,010,394
3,902,457,577
2.7546
2.7420
Ratio of the service rendered in
1905 to that rendered in 1896.
2.6279
231,209,433
514,504,073
82,653,900
662,907,069
658,566,591
463,378,514
778,592,555
74,248,721
436,396,721
.
3,067.58
3,130.21
3,774.85
3,670.80
3,845.43
4,214.92
4,276.23
4,292.98
4.340.35
4,373.91
730,271
789,523
790,992
835,930
970,357
1,041.539
1,134,968
1,311,904
1,314,692
1,404,378
1,306.33
674,107
1
59,252
1,469
44,938
134,427
71,182
93,429
176,936
2,788
89,686
1.9231
.4259
TABLE NO. 10.— COMPARATIVE STATEMENT OF RAILS IN MAIN TRACK JUNE
AND
30 1905
1904.
Mileage.
June
Weight.
30th.
Decrease.
Increase.
1904.
1905.
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Steel
Rails
Rails
Rails
Rails
Rails
Rails
Rails
Rails
Rails.
Rails...
Rails..
Rails
50-lb.
52-lb.
54-lb.
56-lb.
58^-lb.
60-lb.
61H-lb.
67-lb.
70-lb.
75-1 b.
85-lb.
100-lb.
TotalMiles
Average Weight per Yard
of all Rails in
11.70
98.46
5.44
266.66
23.10
992.97
34.31
113.29
264.87
1.482.30
1,799.54
2.95
11.70
108.32
5.44
279.26
23.10
1,037.32
34.31
113.84
327.89
1,553.97
1,584.42
3.84
5,095.59
5,083.41
12.18
73.50
72.78
.72
Main Track.
9.86
,
12.60
44.35
.55
63.02
71.67
215.12
TABLE NO. 11.— COMPARATIVE STATEMENT OF MILEAGE OF ALL TRACKS JUNE
June
.89
.89
30 1905
AND
1904.
30th.
Increase.
1905.
Number
Number
Number
of Miles of Railroad in operation at end of vear
of Miles of Second and Additional Main Tracks..
of Miles of Side and Passing Tracks..
.
Total
TABLE NO.
15.
1904.
4,374.04
740. 10
1,558.25
4,373.72
728.24
1,514.04
11.86
44.21
6,672.39
6,616.00
56.39
.32
-COMPARATIVE STATEMENT OF REVENUE FREIGHT CARS, AND THEIR CAPACITY IN
TONS, JUNE 30 1905 AND 1904.
15*.
June
6inu.
Decrease
Increase.
1904.
1905.
,
Number,
Box
27,017
Stock
1.143
1.450
2,503
19,270
2,782
Fruit
Refrigerator
Coal
Flat
Total
A verage
A verage
Class of Cars
54.145
Capacity
in Tons.
Tonnage
Capacity
per Car.
Number}
20,71!)
99,526
33.38
27.76
28.32
28. OS
36.81
36 03
1,852,110
34.21
52,957
901,710
31,735
41,060
72.540
705,.",).-,
1,162
1,457
2,005
19,072
2,552
Capacity
in Tons.
Average
Tonnage
Capacity
per Car.
Number,
Capacity
in Tons.
298
687,305
93.218
32.82
27.73
28.25
28.72
36.04
36.53
210
14,966
is, iso
6,313
1,788,103
33.77
1.188
63.953
876,903
31,960
41,1 68
57,57-1
498
198
24,807
Tonnage
Capacity
per Car.
.56
.03
.07
.26
.57
Number,
Capacity
in Ttms.
A verage
Tonnage
Capacity.
per Car.
216
•is
.60
.44
THE CHRONICLE.
1112
[Vollxxxi
LOUISVILLE & NASHVILLE RAILROAD COMPANY.
FIFTY-FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To
Louisville, Ky., October 4 1905.
Nashville Railroad Company:
Board of Directors of your Company respectfully submits the following report for the fiscal year ended June 30 1905
the Stockholders of the Louisville
The
30 1905.
&
MILEAGE.
Lines Owned and Operated.
/
(1) Lines Owned
(2) Lines Operated but not Owned
(a) Operated as owner of entire Capital Stock
(6) Operated under lease
(c) Operated for account of owners
(d) Operated under trackage arrangements
3,156.16
-
221 .01
327.98
192.90
154.68
.
896.57
Total L. & N. System
(3) Lines Operated, Earnings not Included in L.
Total Lines Operated
II.
4,052.73
48.32
-
&
N. Railroad Earnings
'
4,101.05
.
—Lines Operated under Their Separate Organizations in which
this
Company Owns a Majority of
Capital Stock or is Interested as Joint Owner or Lessee
Nashville Chattanooga & St. Louis Ry., less mileage used by L. &. N Railroad under trackage arrangements- (a majority
Capital Stock owned)
L
Birmingham Southern Railroad (one half of the Capital Stock owned)
Central Transfer Ry. & Storage Co., Louisville (one half of the Capital Stock owned).
Georgia Railroad and Dependencies (interested as joint lessee)
Chicago Indianapolis & Louisville Ry. (a majority of the Capital Stock owned jointly with the Southern Ry.)
Louisville Henderson & St. Louis Ry. (a majority of the Capital Stock owned)
Yellow River Railroad (all of the Capital Stock owned).
the
of the
949.69
,26.37
'
*
-
.67
571.00
591.51
186.00
26.35
2,351.59
Lines Owned by this Company but Operated by other Companies.
Paducah & Memphis Division (leased to N. C. & St. L. Ry. at 5 per cent on cost of Road)
Less Mileage used by this company under trackage arrarangments deducted here to avoid duplication
777.
254.20
—
Clarksville
&
Princeton Branch
— Gracey, Ky., to Princeton, Ky.
of mileage
5.46
248.74
(leased to Ohio Valley
Ry. Co. at $12,039 70 per
annum)
h 20.70
269.44
Total mileage
Total mileage June 30 1904
6,722.08
6,356.20
-
Increase
Accounted
•
fc.365.88
for as Follows
Additions
& St. Louis Ry.
Knoxville La Follette & Jellico Railroad
Bay Minette & Fort Morgan Railroad
Extensions, etc., Birmingham Mineral Division
Alabama Northern Ry
Louisville Henderson & St. Louis Ry...
Yellow River Railroad
Trackage rights, Nashville Chattanooga
— Marietta to Atlanta
20.49
96.56
36.52
34.95
7.10
186.00
26.35
_
Sundry net additions
.91
408.88
Deductions
Georgia Railroad and dependencies
43.00
365.88
BONDED DEBT.
(Including Collateral Trust Bonds.)
Bonded Debt June 30
$147,328,500
1904, total issue
Total thereof outstanding in hands of public June 30 1904, $113,442,500.
Bonds Issued
Unified Fifty-year 4 per cent Gold.
Atlanta Knoxville & Cincinnati Division 4 per cent Gold
$4,365,000
14,543,000
Total Bonds issued
Bonds Assumed Through ConsolidationAtlanta Knoxville & Northern Ry. First Mortgage, 5 per cent
Atlanta Knoxville & Northern Ry. First Consolidated Mortgage, 4 per cent
$18,908,000
$1,000,000
500,000
Total Bonds assumed
1,500,000
Total Bonds issued and assumed
Less Bonds Redeemed
For Sinking Funds
Evansville Henderson & Nashville Division Gold..
General Mortgage Gold.
Cecilia
$52,000
369,000
67,000
60,000
Branch.
Pensacola
Called for
$20,408,000
&
Atlantic Railroad First Mortgage Gold
Redemption—
Five-twenty Collateral Trust 4 per cent Gold, issue of 1898..
2,000
Total Bonds redeemed..
Net increase from
last
550,000
19, 858 ,000
year
Bonded Debt June 30 1905,
$167,186,500
total issue
Bonds Owned.
(See Table V).
In Treasury
»
Deposited in Trusts as Collateral
Deposited with Bankers
Held in Sinking Funds..
$21,562,000
30.545,000
43,000
596,000
52,746,000
Total Outstanding
Total Outstanding
Bonded Debt
Bonded Debt
in
in
hands
hands
of public
of public
June 30 1905
June 30 1904.
a $114,440,500
113,442,500
-
Total Increase of Bonds outstanding in hands of public
$998,000
a Includes $94,000 of bonds matured or drawn for payment not presented.
GENERAL RESULTS.
The General Results
Credits to
for the year, as given in detail in Table
No.
I,
are here summarized:
Income
From Traffic (Net Earnings)
From Rents
From Investments
From Interest
$12,027,049
702,749
749,716
175,024
75
48
74
50
$13,654,540 47
Charges Against Income
Interest on Bonded Debt
Rent and Taxes
Sinking Funds
Reserve for Doubtful Accounts
South & North Alabama RR. (Surplus Earnings)
Net Income
for the year
.
$5,358,041
1,103,426
192,990
42,590
130,451
76
48
00
72
86
6,827,500 82
$6,827,039 65
— — ————
U(
—
.
THE CHRONICLE.
7 ivuj.j
P.
GROWTH OF
The growth
of traffic
far the past ten years
Ones
Average Miles
Operated
1895-1896
1897-1S98
L898 1898
[899-1900
1900- 9ir
1
1901-1902
90
1902
1904-19OS
a Freight on
£30,390,711
20, 37-', 307
21,996,652
23.759,485
27,742,378
a28.022.206
030,712,257
<ioo, 449, 377
036,943,792
038,517,070
Company's property
17
65
82
69
89
90
37
S4
S13.505.200
13,849.218
14,921,730
15.731.5S 7
Net
Earnings.
22
04
$6,885,505
6,623,089
7,074,922
8,027,898
9,188,972
9,789,178
9,809,819
11.478,505
11.802.241
12,027.049
14
68
18,003,401'. 02
a IS. 233, 033 50
73
(120,902,137 84
023,970,812 44
025,141,648 27
72
a26.490.020 97
TRAFFIC.
the following table:
Operating
Expenses.
Earnings,
2,965.00
2,980.93
2,988.00
2,988.16
3.007.35
3,169.27
3,826.76
3,438.93
3,618 L9
3,836.31
-
isshmvj:
LS
shown by
1113
Operating
Expenses
Per Mile.
Gross
Earnings
Per Mite.
25
$0,877 14
6,834 22
7,301 66
01
6S
01
87
40
53
40
16
75
7,951
9,224
aS,841
09,231
al0,308
al0,210
al0,066
$4,554
4,645
4,993
5,204
0,185
a5,753
a6,283
06,970
a6,948
a6,923
21
85
84
91
26
57
37
Net
Earnings
Per M dr.
88
95
88
04
$2,322
2,188
2,307
2,686
3,038
26
2.948
3,337
3,201
3,143
77
83
92
25
Percentage
14
43
65
12
to
liar/tings.
66.23
67.98
67.84
27
78
57
00.2'
88
3, OSS 77
97
07
o]
Expenses
67.0
65.07
68.00
67.62
68.05
68.77
not Included
IMPROVEMENT ACCOUNT.
Expenditures for equipment, and for improvements and additions to the property, during the
Operating Expenses, are as follows:
Improvements thereof
equipment
equipment.
car equipment
fiscal
year, charged to
id
l.i
l
olive
01
l
[.
P
l
Steam wrecking ears
.
N
t.
$159,050 00
901 ,825 00
54,82s 41
11 ,752 30
-
achinery for various shops
.
15,407 07
$1,202,803 38
$323,650 55
82,024 11
180,810 54
3,311 28
16,377 68
5,952 26
24,505 08
yieliu--
Ballast
Buil'
..
Interlock] ig arrangements
Heal estate
Right
"!'
•
Wire fencing
for
sundry persons on
line ol
road-
.
.
.
.
•
•
Improvements
Flomaton, Ala
$528
8,619
3,899
1,082
Bay Minette, Ala
Paris, Tenn
Howell, Ind
75
OS
92
19
14,129 94
Second Frocks
Shepherdsville to Lebanon Junction,
Sew Decatur
$50,051 09
1 ,089 48
K.\
to Flint, Ala
51,740 57
271,000 00
Additional Facilities, and Second Track and change of Grade- -Boyles, Ala., to Black Creek, Ala.
Additiona. Facilities
Boyles Ala., yard
N ew Deca tur, Ala engine house
Ceorgiaiia, Ala
Lebanon Junction, Ky., engine house
Central Covington, Ky
$20,580 21
115 00
4,307 73
2,961 22
6,343 51
,
.
Rails— A alue
,
of the difference in weight of
Bridges
Wharf Improvements
new
34,307
153,935
133,013
1,117
steel rails laid, replacing rails of lighter weight.
—
-Central Wharf, Pensacola, Fla
shops
Electric lights in yards
South Louisville, Ky
Culverts and drains
Raising grade through Wabash River Bottom St. Louis Division
Construction of streets, paving, fire hydrants, etc
F.leetrie lights in
13
2,161 79
•
—
674 28
28
78
7,007
5,922
19.944
1,918
—
lire protection at various points
Change in Alignment
1
.
67
82
37
Of Gate City Branch near Red Gap Junction
Miles 140-1, K. C. Division
19
35
$793 00
.
1,735 14
2,528 14
4,869 77
447 75
2,558 46
14,114 80
1,367 43
Main Stem, Second Division, Underpass, miles 182-3
Knoxville Division, Halsey Branch, Jellieo, Bird-Eye & Northern Rv.._
Kentucky Central Division, Sewer in Central Covington yards
Atlanta Knoxville &- Northern Division. Improvements of operated lineSundries
1,359,45
Tola: ;or year ending June 30 1905
The charges
._..__.
to this account for year ending June 30 1904
amounted
02
$2,562,314 40
1,746,183 82
_
to
Increase
$816,130 58
RAILS
The
rails in
Steel Rails
main track owned and operated on June 30 1905 are shown below:
K%
'nder 58
pounds per yard
per yard
'0 to 65 pounds per yard
<s pounds per yard-'_
70 pounds per yard
^0 pounds per yard
85 pounds per yard
!
211.42 miles
~>&K% pounds
3
-----.
_
--
-
'."'."'.'."'.
.
941 .40 miles
343.59 miles
89.11 miles
1,375.98 miles
916.88 miles
12. 53 miles
3,890.91 miles
7.14 miles
Iron Rails
Total
Local ed as follows
Lines owned
3,898.05 miles
id a> owners of entire capital stock
Line- operated under lease
d for account of owners
"
_
3,156.16 miles
221.01 miles
327.98 miles
I92.90rniles
3,898.05 miles
!
h
rails in
main
k owned. leased to other companies, on June 30 1905 are
tra<
shown
belo'w
:
Rails—
56 pounds per yard
per yard
60 pounds per yard
S pounds per yard
Located as follows
Paducaii <v Memiihi-
134.49 miles
21.50 miles
117.72 miles
.
1
.13 miles
274.90 miles
F)i
ision
mB
P
1
ton,
254.20 miles
20.70 miles
K
.'7-1.90
PAYMENTS ON ACCOl NT OF SINKING FUNDS,
>ort dc
Cincinnati
B
Evansville
tile
Pensacola
r.f
ilia
\,,;.
.
Pensacola Division
Louisville 4 Nashville-South
L905-1906.
juh
Henderson Bridge Co
&
1
1
,,,"
..
1
North Alabama Rai
"-ed
_"
1
:
I,,.,
Cincinnati <v L
& Atlantic Railio.
.,
.
,
secoi
I
1
'
Branch
Feb'
1
\,.,,
I
-.
::::.
:::::::::::::::::::::::::::
miles
..;;,;.-.
1905
[905
1995
1995
1905
1906
1906
1906
$14. Olid
8,400
16,760
1,000
82.500
10.000
69,300
(,-,.000
42
1
.300
$7062,50
THE CHRONICLE.
1114
GUARANTIES,
Lease of the Georgia
[Vol. lxxji.
1905-1906.
RR.
& Nashville Railroad Co. and Atlantic Coast Line Railroad Co., Joint Lessees.
Total yearly rent under the lease. $600,000; L. & N. guarantees one-half
Louisville
S300.000 00
By
reference to Table II it will be seen that^there was a profit to this
or $103,786 19.
Terminal Railroad Association of St. Louis
Guaranty of one-fourteenth of interest on 4 per cent General Mortgage Bonds
Total bonds outstanding
One
L.
&
Company on
this lease for the past year
$18,000,000 00
720,000 00
year's interest at 4 per cent
N. RR. Co.'s proportion, one-fourteenth
In the past this interest has all been fully paid by the Terminal Railroad Association of St. Louis.
551,428 57
EQUIPMENT.
LOCOMOTIVES
There has Been Charged to
Operating Expenses, Locomotive Repairs
Direct charges for repairs of locomotives
Charges through Reserve Account to replace 14 destroyed
81,814,745 88
172,950 00
$1,987,695 88
Operating Expenses, Improvement Account
Charges through Reserve Account for additions to equipment.
159,050 00
$2,146,745 88
PASSENGER CARS.
There Has Been Charged to
Operating Expenses, Passenger Car Repairs
Direct charges for repairs of cars
Charges through Reserve Account to replace
5-
$368,212 01
37,400 00
destroyed
405,612 01
Operating Expenses, Improvement Account
Charges through Reserve Account for additions to equipment.
Direct charge for 2 Postal Cars, additional equipment
—
$42,600 00
12,228 41
54,828 41
460,440 42
FREIGHT CARS.
There Has Been Charged to
Operating Expenses, Freight Car Repairs
$1,861,264 95
626,675 00
Direct charges for repairs of cars
Charges through Reserve Account to replace 1,061 destroyed
82,487,939 95
Operating Expenses, Improvement Account
Charges through Reserve Account for additions to equipment.
Additional equipment not charged through Reserve Account.
$213,325 00
&748.500 00
961,825 00
3,449,764 95
36,056,951 25
Total
The above charges
fully
maintain and perpetuate the Locomotive, Passenger and Freight Car Equipment.
Locomotives..
On hand
July
Bought and
Changed
1904
1
676
22
built
Acquired with A. K.
&
N.
501
.. . ___
_.
Freight Cars.
2
30,905
a3,238
1
1
16
21
Destroyed and sold
On h and
Passenger Cars.
719
520
14
5
162
-34,306
1,065
705
515
33,241
I
h Roadway Cars.
779
127
241
29
1,176
27
1,149
a Includes 535 cars charged to Cost of Road, viz.: $297,453 69.
h The cost of maintaining these cars has been charged to Operating Expenses, Freight Car Repairs.
MAINTENANCE OF EQUIPMENT.
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 Locomotives, Passenger Car and Freight Car Repairs.
The average cost per mile for repairs to equipment for the past ten years has been as follows:
—
1895-96. 1896-97. 1897-98. 1898-99. 1899-00. 1900-01
Cents.
Cents.
Locomotive
repairs, per mile..
4.726
Passenger car repairs, per mile.
1.363
0.634
Freight car repairs, per mile
All the
ment, which
June 30 1905
4.812
1.399
0.581
Cents.
5.141
1.308
0.717
Cents.
5.563
1.412
0.659
Cents.
6.187
1
.853
0.675
Cents.
1901-02.J 1902 -03. 1903-04. 1904-05.
Cents.
Cents.
Cents.
Cents.
6.043
1.401
0.712
6.226'
6.5601
1.429
0.700
1.410
0.800
6.962
1.267
0.889
6.747
1.290
0.820
equipment of the Company is provided with both air brakes and automatic couplers, except freight equipThe number of freight cars equipped with air brakes on
is equipped complete with automatic couplers only.
is
30,850, or 92.80 per cent.
table shows the equipment on hand at the close of each of the past ten fiscal years:
The following
Louisville
&
Nashville Railroad and Operated Lines.
1895-96, 1896-97
Locomotives..
Passenger cars
Freight cars
544
438
19,886
. .
Roadway cars
427
.
549
439
19,660
466
1897-98. 1898-99. 1899-00. 1900-01
547
446
20,375|
502i
546
450
21,285
519
557
447
23,402
525
563
456
23,663
534
1901-02, 1902-03. 1903-04. 1904-05.
589
462
24,880
586
605
471
28,118
705
676
501
30,905
779
705
515
33,241
1.149
RESERVE ACCOUNTS.
By
reference to the Fifty-third
June 30 1904
To Which Add
Renewal
Rolling
Annual Report, page
14,
it
will
be seen that there was to the credit of this account, unexpended, on
$24,015 01
..
—Rails
Appropriations made during present
fiscal year:
30,938 79
of
Stock
Locomotives
Charged to "Operating Expenses, Locomotive Repairs"
Charged to "Operating Expenses Improvement Equipment"
,
$172,950
159 ,050
$332,000
Passenger cars
Charged to "Operating Expenses, Passenger Car Repairs"
Charged to "Operating Expenses, Improvement Equipment".
$37,400
42,600
80,000
Freight Cars
Charged to "Operating Expenses, Freight Car Repairs"
Charged to "Operating Expenses, Improvement Eq
Equipment".
'
"
Reserve Account for Depreciation of Mine Tracks
$626,675
213,325
840,000
$1,252,000
100,000
1,352,000 00
$1,406,953 80
—
Oct.
THE CHRONICLE.
7 1905.|
--------Brouaht forward..
Aginst Which ["here Has Been Charged During the Present Fiscal \
For Rolling stock
Locomotives
$288,1
-
& Ohio
Itlt.
1
798 .SOU
-
-
-
$1,406,953 80
-
ear—
-
Freight Cars
ForShelbvville Bloomfield
1115
77
II
$1,086,914 18
382 15
Improvements
$1 ,087,246 33
—
Balance Unexpended Accounted for as Under
For Rolling Stock
For General Purposes
Wat Improvements, Shelby ville Bloomfleld & Ohio HR
To Which
Add— Reserve
for
$319 ,707 47
-
$135,596 54
69,099 13
15,011 80
-
$219,707 47
100,000 00
Depreciation of Mine Tracks
$319,707 47
CINCINNATI-ATLANTA LINE.
The legal title to the property, rights, privileges and franchises of the Knoxville LaFollette & Jellico RR. was conveyed to the Louisville & Nashville RR. Co. by deed dated December 22 1904; and the legal title to the property, rights,
privileges and franchises of the Atlanta Knoxville & Northern Ry. was conveyed to the Louisville & Nashville RR Co. by
deed dated February 11 1905, subject to the lien of the Atlanta Knoxville & Northern Ry. Co. first mortgage to the
Central Trust Co. of New York, Trustee, dated December 1 1896, and to the lien of the Atlanta Knoxville & Northern Ry.
Co. first consolidated mortgage to United States Trust Co., New York, Trustee, dated November 26 1901, afterward transferred to New York Trust Co. as substituted Trustee by agreement dated March 22 1905.
These two roads, extending from the Kentucky-Tennessee State line near Jellico, Tennessee, to Marietta, Georgia,
together with trackage rights enjoyed by the Atlanta Knoxville & Northern Ry. from Marietta to Atlanta, give this Company
a through line from Cincinnati to Atlanta, all of which has been operated as a part of the Louisville & Nashville system
since January 1 1905.
The Company is now engaged in the reduction of grade on the old line between Corbin and Saxton, Kentucky, on the
Knoxville Division, and between Knoxville and Etowah, Tennessee, on the Atlanta Division, and is constructing a new line
with low grade from Etowah to Cartersville, Georgia, a connection with the Western & Atlantic RR., and has a contract for
trackage rights over the Western & Atlantic RR. between Cartersville and Marietta, Georgia.
When the reduction of grades and the new line mentioned are completed, this Company will have a direct line between
Cincinnati and Atlanta, a distance of about 485 miles, with low grades from Corbin to Atlanta.
ATLANTA KNOXVILLE & CINCINNATI DIVISION MORTGAGE.
The Company executed under date of April 1 1905 a mortgage securing an issue of bonds aggregating $50,000,000 00,
bearing 4 per cent interest, due May X 1955, the bonds being known as the "Louisville & Nashville RR. Co., Atlanta
Knoxville & Cincinnati Division Gold Bonds."
This mortgage covers terminals at Cincinnati, Knoxville and Atlanta, the bridge across the Ohio River formerly known
as the Newport & Cincinnati Bridge, the line of railroad constructed and to be constructed from Cincinnati, Ohio, to
Atlanta, Georgia, with certain branches, subject to prior liens already existing on portions thereof.
There have been issued under this mortgage to reimburse the Company for expenditures in the acquisition and construction of this property, together with equipment to June 30 1905, $14,543,000 of these bonds, which are held in the
Company's treasury.
SOUTH & NORTH ALABAMA RAILROAD IMPROVEMENT MORTGAGE BONDS.
The South & North Alabama RR. Co. being indebted to the Louisville & Nashville RR. Co. for advances on account
of
construction, improvements, etc., executed a mortgage on November 26 1904 to secure an issue of $2,000,000 of bonds
known as the "South & North Alabama RR. Co. 5 per cent Improvement Bonds." Bonds for $1,920,000 have been
issued under this mortgage, which have been purchased by the Louisville & Nashville RR. Co. and applied to payment of
the indebtedness aforementioned.
BAY MINETTE & FORT MORGAN RAILROAD.
This Company owns all of the capital stock of the Bay Minette & Fort Morgan RR. Co.. which has constructed a railroad 36.52 miles in length, extending from Bay Minette, Alabama, southwardly through Baldwin County to Foley,
Alabama, touching a fertile agricultural country. This Company has advanced on account of this construction to June 30
1905 the sum of $225,728 57, and accepted in payment therefor the Bay Minette & Fort Morgan RR. Co.'s first mortgage 4
per cent bonds at par. The road was placed in operation as a part of the Louisville & Nashville system on May 11 1905.
ONEONTA & ATTALLA EXTENSION.
The extension from Oneonta, Alabama, to a connection with the Nashville Chattanooga & St. Louis Ry. near Attalla,
Alabama, was completed, and, together with line used under trackage arrangements with that company, was placed in
operation on May 28 1905.
This extension affords a connection, on the north, of the Birmingham Mineral and Alabama
Mineral Divisions, and, together with trackage enjoyed over the Atlanta & Birmingham Air Line Ry. between Wellington,
Alabama, and Cartersville, Georgia, and over the Nashville Chattanooga & St. Louis Ry. between Cartersville and Atlanta,
gives this Company a through line between the Birmingham district and Atlanta.
NORTH ALABAMA RAILROAD.
The legal title to the property, rights, privileges and franchises of the North Alabama RR. Co. was conveyed to the
Louisville & Nashville RR. Co. by deed dated May 1 1905.
The road, consisting of several branches and spurs in the mineral district in the vicinity of Birmingham, Ala., has heretofore been operated as a part of the L.
&
N. System, being controlled through ownership of the entire issue of
^tock
ERECTION OF
The
its
capital
NEW GENERAL OFFICE BUILDING.'AT LOUISVILLE.
building now occupied by the general officers has become inadequate for their needs.
The Board has authorized the construction of a new ten-story, fireproof building for general offices, to be erected at the corner of Ninth Street and
Broadway, Louisville, Kentucky, at an estimated cost of $600,000. The building is now in course of construction.
office
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
its interests.
For the Board
of Directors,
H. WALTERS, Chairman.
M. H. SMITH, President.
HASKINS & SELLS.
CERTIFIED PUBLIC ACCOUNTANTS.
30 Broad Street, New York.
New York, September 28 1905.
Henry Walters, Esq., Chairman of the Board, Louisville & Nashville RR. Co., 71 Broadway, New York.
We have examined the books and accounts of the Louisville & Nashville RR. Co. for (he fiscal year ended June 30
1905, have verified all cash and security balances by actual count, or comparison with receipts and certificates of depo
and have examined carefully all details of earnings and exp
rad all charges to capital accounts, and
We hereby certify that the accompanying General Balance Sheet and statements of [ncome and Profit and
correet, and truthfully set forth the results from the operation for the period shown, and the financial condition June .'50 1006.
HASKINS & SELLS, Certified Public Accountants.
I
THE CHRONICLE.
1116
[Vol. lxxxi.
REPORT OF THE COMPTROLLER.
ACCOUNTING DEPARTMENT, LOUISVILLE
<fc
NASHVILLE RAILROAD COMPANY.
Louisville, September lfi 19(5.
Mr. M. H. Smith, President.
Dear Sir I submit herewith statements showing the financial condition of the company, and the results from
operation for the year ended Juno 30, 1905, as shown in the following tables:
No.
VI. Cost of Road and Equipment.
I.
Income Account.
No.
No.
VII.
Gross Earn., Operating Exp., and Net, by mos.
II.
Profit and Loss.
No.
No. VIII. Total Earnings, Operating Expenses and Net.
III.
General Balance Sheet.
No.
IX. Operating Expenses in Detail.
IV.— Bonded Debt & Est. Int. Charges for 1905-6.. No.
No.
Ns.
X. Passenger and Freight Statistics.
V. Securities Owned by the company.
No.
Very respectfull}-
—
—
—
—
—
—
—
—
—
—
CHARLES HAYDON.
Comptroller.
TABLE NO. I.— INCOME ACCOUNT.
Income from
Traffic
Earnings
From freight traffic
From passenger traffic
From transportation of mails
From express traffic
From miscellaneous sources.
$27,732,625
8,619,649
890.520
858,771
415,503
41
59
28
64
80
$38,517,070 72
Total earnings
Expenses
For maintenance of way and structures.
For maintenance of equipment
For conducting transportation
$5,702,532
6,346,097
13,509,780
931,609
—
For general expenses
92
93
39
73
26,490,020 97
Total operating expenses 68.77 per cent.
Net earnings from
Income from Rents
&
Clarksville
traffic,
$12,027,049 75
31.23 per cent.
SI 2, 039 70
Princeton Division
Paducah & Memphis Division
203,610
24,792
444.060
18,247
St. Louis Property
Equipment
Various Sources
00
20
47
11
$702,749 48
Income from Investments
Louisville
&
Nashville Terminal Co., Interest on Bonds
Birmingham Southern RR.,
Interest on Purchase Price
Louisville Railway Stock
Chicago Indianapolis &
Jackson Lumher Company Bonds
Nashville Chattanooga & St. Louis Ry. Stock
Charleston Terminal Co. Bonds
Sundry Bonds and Stocks
45
07
37
00
00
00
85
$101,367
32,354
212,250
35,000
322,992
12,000
33,752
and Improvements.
—
749,716 74
175,024 50
Interest from Various Sources.
1,627.49072
$13,654.540 47
From which Deduct
Charges against Income
Interest on bonded debt
Guaranteed dividend on Nashville
Taxes
&
$5,358,041 76
118,061 25
985,365 23
Decatur Railroad stock
$6,461,468 24
Sinking Fund Charges
Direct payments for
which no bonds are received
Accrued Interest on Co.'s Bonds
$166,750 00
26,240 00
Funds
in Sinking
Reserve for Doubtful Accounts
South & North Alabama RR. Co. surplus earnings for year included
$192,990 00
42,590 72i
in
above.
130,451 861
366,032 58
6.827 .500 82
Net income
for the
$6,827,039 65
year
Cash dividend, 3 per cent, payable February 10 1905
Cash dividend, 3 per cent, payable August 10 1905 .
>•:
Si ,800,000 00
1,800.000 00
3,600.000 00
Surplus after payment of dividends, transferred to the credit of Profit and Loss Account-
$3,227.039 65
TABLE NO. H.— PROFIT AND LOSS ACCOUNT.
CREDITS.
Balance to credit of this account June 30 1904
Sinking Fund Payments for which no Bonds are received charged to Income Account,
L. & N.. South & North Alabama Railroad Trust Deed
Pensacola & Atlantic Railroad First Mortgage
Cecilia Branch Mortgage
Pensacola Division First Mortgage
,
$11,684,424 12
viz.
$20,000
66,000
65,000
15,750
00
00
00
00
For amount of interest accrued on Company's Bonds in Sinking Funds
Amount refunded by Pullman Company for excess mileage paid on SleepingCars, prior to June 30 1904
Interest accruing prior to June 30 1904 on cost of Shops, Tracks, etc., at Boyles, Ala., sold to South & North Ala-
bama Railroad
Dividend
in liquidation
9.484 06
on Stock in Whitley Coal Company, inexcessof book valuation of Stock reduced to nominal
valuation of $10 00..
5,764 45
from Western Union Telegraph Company in compromise settlement of judgment paid by Louisville & Nashville Railroad Company on account of injunes to employees in prior years
For this Company's proportion of interest accruing since January 1 1897 on $31,000 Walton Railroad Bonds
for which lessees of Georgia Railroad have received $13,000 Bonds of Monroe Railroad Company-Louisville
Amount
collected
& Nashville Railroad Company's proportion, one-half
For amount of Audited Vouchers, prior to July 1 1900, unpaid June 30 1905, closed off.
For amounts of Audited Pay Rolls prior to July 1 1900, unpaid June 30 1905, closed off
To raise an asset on account of the re-valuation of lands of the Louisville & Nashville Railroad Company in the State
of
166,750 00
26,240 00
15,707 64
Alabama
Adjustment of accounts representing material in Private Sidings
Profit from operation under Georgia Railroad lease for fiscal year ended June 30 1905, $207,572 38:
6.500 00
7.179 06
226.139 04
30,012 44
77,288 23
this
Company's
share one-half
,
Sundry credits and amounts realized from various sources
Net surplus for the year ending June 30 1905 transferred from Income Account
7,000 00
-
103.786 19
42.183 86
3,227.039 65
$15,635,498174
DEBITS.
Ten percent premium on Bonds redeemed for Sinking Funds
Bonds purchased by Trustees of Sinking Funds brought to par on ledger
Improvements at New Orleans La.
Reserve to provide for depreciation of Mine Tracks
,
Reserve for Doubtful Accounts
For amount of expenditures, account construction of Pennington Gap Branch, in excess of Bonds received
For judgment .costs, etc., on account of Northern Division, Cumberland <fe Ohio Railroad
Proportion cost of redemption of Gainesville Jefferson & Southern Railroad seven per cent First and Second Mortgage Bonds endorsed by lessees of Georgia Railroad
Balance of Taxes forprior years, being amount paid during year ending June 30 1905 in excess of amount accrued
and charged to Profit and Loss last fiscal year
Sundry
d ebi ts f ro:v various sources
Balance to credit of Profit and Loss
Account June 30 1905
$41 ,700 00
1
,528 00
227,352
100.000
33.071
74,170
133,344
82
00
06
42
76
79,392 74
43,221 45
2.611 23
14.899.106 26
$15,636,498 74
=
———— —— — —
Oct.
——
.
—
—
THE CHRONICLE.
7 1905.1
Ill
TABLE NO. III.— GENERAL BALANCE SHEET.
ASSETS, ETC.
DR.
Cost of Road, Equipment, etc. (Table VI).
Real Estate, Quarry, and Timber Lands..
$152,451,520*19
1.018.521 14
'.\349.459 50
Improvements and Betterments
Investments (Table V)
Bonds -in Treasury
$3,755,708 47
10,2(57,000 00
In Trusts and Stalking Funds.
$14,022,708 47
$5,314,330 04
12,113,305 85
-In Treasnrv
In Trusts .
<nx-k*
17.427,641 89
31 ,4r>0,350"36
Advances to Subsidiary Companies
Material and Supplies
3,283,652,71
3,245,759 09
596.777 46
78.328tll
Material in Private Sidines
Uninvested Sinking Funds and Deposits with Mortgage Trustee.
Current Assets
Cash on hand..
Cash on deposit to pay coupons and dividends...
Cash on deposit
to
485,109 95
108,867 73
7,000 00
pay matured bonds
601 ,037 68
474,832
825,700
270,992
263.471
Remittances in trs nsi t
Due from agents and conductors.
Traffic balances due from other companies
Bills receivable, less reserve for doubtful notes
Accounts receivable, less reserve for doubtful accounts.
58
20
77
50
1.932,929 80
4,368.964 53
30.829 13
Claims, Less Reserve for this Company's Proportions
Contingent Assets
South A North Alabama Railroad Co. 5 per cent consolidated bonds outstanding endorsed by
Louisville & N ash ville Railroad Co
Endorsed by Louisville & Nashville Railroad Co
Bill payable
Unad justed
3,247,000 00
447,000 00
—
3.694,000 00
$202,568,068 22
LIABILITIES, ETC.
CR.
—
Capital Stock
Full shares outstanding
Fractional shares outstanding
Original stock and subsequent stock dividends unissued
$59,916,300 00
720 00
82.980 00
$60,000,000 00
114,346,500 00
Bonded Debt Outstanding (Table IV)
Current Liabilities
Bonds due and unpaid (Table IV)
Agents' drafts
Pay
94.000 00
99,445 54
.-
— June 1905, and
audit unpaid
prior audits unpaid
$1,637,501 61
123.824 56
Rolls
May
1905,
1,761 ,326 17
2,587 ,885 21
1.244 ,327 35
782 183 33
Vouchers and accounts payable
Interest and rentals due and unpaid
Interests and rentals accrued but not due
Dividends due and unpaid
Dividends payable August 10 1905
Taxes accrued but not paid
Unpresented mileaee and excess baggage couponsTraffic ba lances due to other companies
Other accounts accrued
40 ,692 30
1,800 ,000 00
482 ,425 65
84 ,373 01
304 ,094 18
6 ,119 07
9,286371 81
\ceounts Awaiting Distribution
Reserve Accounts
For depreciation of Mine Tracks .
For other purposes
5.21
.882 68
100,000 00
219,707 47
319,707 47
Contingent Liabilities
South
A North Alabama Railroad Co. 5 per cent consolidated bonds
A Nashville Railroad Co
Endorsed by Louisville & Nashville Railroad Co
outstanding, endorsed by
3,247,000 00
447,000 00
Louisville
BiBs payable
—
3,694,000 00
and Loss
Excels of assets over
Profit
14,899.106 26
liabilities.
$202,668,068 22
TABLE NO. VI.—COST OF ROAD AND EQUIPMENT.
The
cost of road
June 30 1904 was
To which add
$133,472,240 33
the following:
Main Stem
Cost of 600 solid bottom gondola cars built in Company's shops
Expenditures on new shops. South Louisville
Improvements to New Decatur shops
Less
— Amount of damages awarded L. A N. vs. Southern Ry.
at
$272,388 90
2,124,620 27
1 20
"G"
$2,397,010 37
St., Louisville.
Amount
received for deed to strip of land on right-of-way
For material transferred to "Material in Private Sidings"
$300 00
76 00
1,119 40
—
1,495 40
$2,395,514 97
Knoxville LaFollette A Jellico Divsion
Expenditures for construction and equipment (Including 35 freight cars bought this year. $25,064 79)
Atlanta Knoxville A Northern Division
Amount outstanding of bonds Atlanta Knoxville & Northern Railway
$1,500,000 00
Cost of stork...
2,528,543 54
Expenditures for construction
1,615,648 01
9,166,570 53
5,644.191 55
—
North Alabama Railroad
Expenditures for construction
.
Oneonta A Attalla RailroadExpenditures for construction
Pennington Gap Branch
Expenditures for construction
For Sundry Net Expenditures on the Following Divisions
Evansville Henderson A Nashville Division
Louisville Cincinnati & Lexington Division
Middlesboroueh R ailroad
Alabama A Florida Division.
1,165,92207
515,523 30
63,680 00
•
6 28
536 45
25
82
70
-
7 ,049
8,894
108
14,606
15,660
Shelby Branch
Birmingham Mineral Division
Jellico Bird- Eye A Northern Railway..
17
31
$18,998,264 40
Less Sundry Credits on the Following Divisions
Bardstown Branch
Knoxville Branch
$128 43
7,26101
Memphis Line.
_
New
1
Orleans & Mobile Division
Mobile A Montgomerv Division..
Southeast A St Louis Railway
Louisville Rail wav Transfer
Pontcharirain Railroad
Southern Alabama Division
Pensacola Division
,003 68
503,07
1,717 78
2,942 73
.
I""
_
Cumberland Valley Division
Kentucky Ontral Division
Cumberland River A Tenne^ee Railroad
"
17 21
"
.
514 85
977 10
100 00
1,961 27
.
""
1260 00
62141
18,978 54
86
18.979.28
Total cot June 30 1005,
u pel
Table No. Ill
$162,451,526
1
THE CHRONICLE.
1118
[Vol. lxxxi.
TABLE NO IV.— BONDED DEBT LOUISVILLE & NASHVILLE RAILROAD CO. AND SUBSIDIARY LINES,
JUNE 30 1905, AND ESTIMATED INTEREST CHARGES FOR YEAR 1905-1906.
(INCLUDING ALSO GUARANTEED DIVIDENDS ON STOCK NASHVILLE & DECATUR RAILROAD.)
Redeemed
Mortgages on Railroads.
Authorized.
lamed.
Estimated
or
Drawn Owned by
Outstanding
for Pay- L.
RR.\ in Hands of
ment.
Company.
Public.
& N
Inter-
Maturity.
.
Interest
for
Coupons Due. .Charge
est.
Year
•
1905-06.
Maysville & Lexington, Northern
Di vision
a Cecilia Branch Mortgage
Lou. Cin. & Lex. Ry., 2d Mtg
Evans. Hend. & Nash. Div., 1st
Mtg., Gold
Pensacola Division, 1st Mtg.. Gold
Southeast & St. Louis Div., 1st
Mtg., Gold
Pens. & Atl. R'd, 1st Mtg., Gold
New Orleans & Mobile Div.
1st Mtg., Gold
2d Mtg., Gold
General Mortgage, Gold
Lou. Cin. & Lex. Ry., Gen'l Mort.
Gold
First Mortgage, 5 per cent, fiftyyear, Gok'
Gold,
Birm. Min. R'd, 1st Mtg^,
tg., G(
Nash.
"ash. Flor. & Shef'd R'y, 1st
Mtg., Gold
Alabama Mineral R'd, 1st Mtg.
Gold
Unified, fifty-year 4 per cent .Gold
L. & N. and M. & M. R'y, Gold,
Mtg
1st
$400,000
1,000,000
1,000,000
$400,000
1,000,000
1 ,000,000
$870,000
108,000
2,400,000
600,000
2,400,000
600,000
725,000
20,000
3,500,000
3,000,000
3,500,000
3,000,000
5,000,000
1,000,000
20,000,000
5,000,000
1,000,000
12,597,000
7,000,000
3,258,000
3,500,000
5,000,000
1,764,000
3,929,000
15,000
3,929,000
2,500,000
2,096,000
3,150,000
75,000,000
3,150,000
56,883,000
5,000,000
4,000,000
5,000,000
4,779,000
4,779,000
!Feb.
1
1,500,000
50,000,000
1,000,000
14,543,000
1,000
14,543,000
999,000 Dec.
1
1
3,000,000
3,000,000
1,000
7,000,000
6,742,000
2,280,000
1,280,000
$400,000 Jan. 1 1906.
130,000 March 1 1907.
892,000 Oct. 1 1907.
7
7
Jan.
7
April
1,675,000 Dec. 1 1919.
539,000 March 1 1920.
6
June
$41,000
6
871~,666
3,500,000 March 1 1921.
1,523,000 Aug. 1 1921.
6
606,000
4,722,000
32,000
17,000
phis Division
-
Atlanta Knox. & Nor. R'y, 1st
Mtg., Gold
Atlanta Knox. & Cin. Div., GoldSoutheast & St. Louis Div., 2d
Mtg., Gold
Kentucky Central R'y,
First
Mort
Atl. Knox. & Nor. R'y, 1st
sol'd Mtg., Gold
Con-
gage. Gold.
-
.
Sept.
97,875
24,140
6
Mar.
Feb.
1,
1,
Sept.
Aug.
210,000
91,380
Jan.
Jan.
1,
1,
1,
July
July
Dec.
300,000
60,000
468,665
1930.
1930.
1930.
6
6
6
3,258,000 Nov.
1
1931.
4H May
1,
Nov.
l,749,000May
1
5
May
May
1,
1,
Nov.
Nov.
Feb.
1,
Aug.
4
4
Jan.
Jan,
1,
1,
July
July
1,285,920
4H
Mar.
1,
Sept.
180,000
1946.
4
Feb.
1,
Aug.
1946.
1955.
5
4
June
May
1,
1,
Nov.
3
Mar.
1,
Sept.
89,970
4
Jan.
l,
July
268,000
4
Mar.
1,
Sept.
20,000
1937.
1937.
100,000
1,996,000 Aug.
1
1937.
3,150,000
24,718,000
-|july
1
32,148,000 July
1
1940.
1940.
1945
1
May
2,999,000 March
6,700,000 July
1980.
1
1987
1
500,000 March
780,000
$52,222,000
1,
1,
Dec.
Mar.
1
1
4,000, OOOSept.
$207,830 000 $136,921,000 $7,848,000
—
$28,000
5,310
62,440
1
1
42,000
July
Sept.
Oct.
5,000,000 Jan.
1,000,000 Jan.
7,843,000 June
(Nov.
& Nash.-Paducah & Mem-
Lou.
1,
1,
1,
Mar.
2002.
1
June
5
146,610
1
87,450
99,800
1.
Dec.
49,950
$76,851,000
i$3 ,575,510
Mortgages on Property
St. Louis Property, 20-yr. Gold,
Mortgage
1st
Newp. &
$617,000 March
$650,000
$617,000
,500,000
1,400,000
$2,150,000
$2,017,000
$2,000,000
$2,000,000
30,000,000
23,000,000
7,000,000
5,129,000
424,000
4,705,000!Nov.
7,750,000
5,913,500
43,000
5,870,500 July
$46,750,000
$36,042,500
1
1916.
5
Mar.
1,
Sept.
1.
$30,850
4H
Jan.
1,
July
1.
63,000
Bridge Co., Gen'l
Cin'ti
Mtg., Gold.
1
Collateral Trust
Bonds
—
Lou. & Nash., 6 per cent, Sinking
Fund, Gold
Five-twenty Coll. Trust, 4 per
cent of 1903
per cent First Mortgage
Trust, Gold
b L. & N.-So. Monon Collateral
Joint, Gold, L.&N. Proportion
1,400,000 July
1945.
1
$93,850
$2,017,000
$57,000
$40,000
$1,903,000 April
1
1910
6
April 1, Oct.
1.
$114,180
April
1
1923
4
April 1, Oct.
1.
920,000
1
1931.
5
May
1,
Nov.
1.
235,250
1
1952.
4
Jan.
1,
July
1.
234,820
23,
Five
000.000J
$35,478,500
$1,504,250
Bonded
RR. Co
$256,730,000 $174,980,500 $7,888,000 $52,746,000 $114,346,500
85,173,610
$40,000
$524,000
Total Interest-bearing
&N.
Debt.L.
Bonds Outstanding Matured or
DrawnforS. F'ds.NotPres'd.
Alabama & Florida R'd (old Co.),
First Mort
Mobile & Montgomery R'y, Income Bonds
City of Lou., Lebanon BranchEx,
4,000 Jan.
tension
1,000
3,000
7,000
3,000
1,000
73,000
Lou. Cin. & Lex. R'y, 1st Mtg
Consolidated Mortgage
Evansville Henderson & Nashville
General Mortgage, Gold
General Mortgage, Gold
Total Bonds L.
&
1867,
$2,000
1890.
1
Oct. 15 1893,
Jan. 1 1897.
April 1 1898,
Dec. 1 1904.
June 1 1904.
June
1
1905,
July
1
Nov.
1
1930.
1931.
N. issues due
and unpaid
$94,000
Mortgage on Railroads Operated,
Controlled Through Ownership
of Capital Stock
Bay Minette &
Owensboro
&
Mortgages
Ft.
—
Morgan R'd..
Nashville Railway
$500,000
2,000,000
$225,000
1,200,000
$225,000
1,200,000
$2,500,000
$1,425,000
$1,425,000
$2,000,000
$2,000,000
$2,000,000
April
10,000,000
8,000,000
4,753,000
$3,247,000 Aug.
1
1936.
2,000,000
1,920,000
,920,000
Aug.
1
1936.
$14,000,000
$11,920,000
$8,673,000
$3,247,000
$2,000,000
3,000,000
$2,000,000
2,535,000
$2,535,000
$2,000,000 Sept. 1 1931
Dec. 1 1952.
Jan.
May
1,
1,
July
1
Nov.
1
on
Railroad
not
Owned but Operated by L.&N.
Railroad
—
So.
& No. Alabama RR., Second
Mortgage
& No. Alabama RR., Con-
1
1910
April 1, Oct. 1.
c So.
solidated
So. & No. Alabama
5 per cent
Mortgages
Feb.
1,
Aug.
1.
1,
Aug.
1
$162,350
RR., Impro.
1
Feb.
$162,350
on
Property
not
Owned but Operated by L.&N
Railroad
d Henderson Bridge Company
e Louisville & Nashville Ter. Co.
—
Mar.
June
1,
1,
Sept.
Dec.
1.
1.
$120,000
4
7H
Jan.
1,
July
1.
$118,061
6
o^~ Subsidiary Company
Outst'
Matured, nit Pres'd
NashviUe & Decatur RR., First
Bonds
—
,
Mortgage
$8,000 July
Guar —
Stock on which Div. is
Nashville & Decatur Railroad
.
Total estimated interest
charges 1905-06
$3,553,750
$3,553,750
$1,979,600
1
1900.
Guaranteed
& N.
$1,574,150 by L.
$5,574,021
a $65,000 of these bonds drawn for Sinking Fund, due March 1 1905. Interest will cease September 1 1905.
6 Of the L. & N. proportion of the outstanding bonds of this issue there are $1,414,000 which are registered as to both principal and interest
and the interest thereon is payable quarterly, on January 1, April 1, July 1 and October 1.
c Principal and interest guaranteed by Louisville & Nashville Railroad Company.
d $547,000 of these bonds have been redeemed for the Sinking Fund. Interest on bonds thus redeemed is regularly paid into the Sinking Fund.
e This property is operated jointly by this company and the Nashville Chattanooga & St. Louis Railway, the principal and interest being
olntly guaranteed by the two railroad companies.
!
Oct.
7 1905.
THE CHRONICLE
|
1(19
TABLE NO. V.— SECURITIES OWNED.
It,
Sinking
In Treasury.
Fund
Trusts.
In
•as*:
3
ii'
*j -—
^
°te
fiS llll
BOXDS.
>
© »
aw
EC*-'
I e o
L.
5
'is'
•
§2-2
H
Total.
sag
^
IS*
3
to
Louisville •{ Xashvilc
Issues
—
Pensacola
Dlv.,
t%
Mtg.,
&
Pensacola
lsl Mtg., Gold, 6'
General Mtg., Gold
First Mtge., 5%, 50-
,000
871.000
32,000
2,000
15,000
5%
Mtg.,
3,929,000
Alabama
Mineral.
Unified
50-year
Knox. &
3,929,000
100,000
3,150,000
100,000
3,150,000
4%
Cold Mortgage
L. & N.. P. A M. Dlv.,
50-vr. 4% Gold.lstM
13,000
18,200,000 130,000
5.972,000
403,000 24,718,000
4,619,000
160,000
4,779.000
N'or., 1st
5%. Cold
Mtg.,
1
Mineral,
Nash. Flor. & Shef'd,
1st Mtg., Gold. 5'
Atl.
500,000
15.000
Birmingham
1st
4
369,000
32,000
Gold
ir,
$
S
41,000
1st
--Atlantic.
1,000
1,000
Knox. & Cin. Div.,
Atl.
4^-. Gold
14,543,000
Southeast. A St. L.Div.
Gold
2d Mtg.,
Kent. Cent.. 1st Mtg..
Gold. 4%
L. Jc N..S. & N. A.Tr.
Deed. Gold, 6%
First
Five per cent
Mortgage Trust Gold
329,000
L. & N.,-Sou.- Monon,
14,543.000
1,000
OoU.4%Joint-L.&NK>
42,000
57,000
57,000
95,000
424,000
4 3,000
Total L. * X. Issues
(Table IV)
21,562,000
Other Issues
1,000
39,000
3,000
3,150,000 3,929,000 23,319,000 130,000
14,000
43,000
43,000 596,000 52,746,000
—
Union Station
4<T
Bav Minette & Ft. Morgan R'd.lst Mtg.
Au'-rusta,
Gold
.
37,000
37,000
225.000
225,000
300,000
300,000
10,000
10,000
Charleston TerminalCo.
Gold
50-yr.
&
Cent. Tfr. R'y
Co.,
City of
5%
St?.
---
Bowling Green,
& Guthrie R'd,
Mtg., 6%
3,000
3,000
25,000
25,000
700,000
700,000
Elkton
1st
Jack«on Lumber Co.,
J
5% Gold
L. & N. Term. Co., 50yr. Gold, 4%
Monroe R'd, 1st Mort,
35,000
4%
gage,
2,500,000
2,535,000
34,000
34,000
35,000
35,000
66,000
66,000
79,000
79,000
Muhlenburg County,
K\\, 5 c r refunding..
Nash. Chatta. <fe St.
Louis R'y Issues
National Coal & Iron
'
5%
Co.,
;
&
Owensboro
1st
Nash. R'y
1
6%
Mtg.,
South
A North
South
A North
1,200,000
Ala.R'dj
o^r Con. Mtg., Gold.
186,000
1
4,045,000
500,000
,920,000
1,920,000
South A North Ala. R'd,
2d Mtg.. 6%. Gold..
A
2,000,000
2,000,000
Steel Co.,
6%
43,000
43,000
%
140,000
140,000
2,930
2,930
Mtg.,
Yellow River Railroad,
1st Mtg. 4
Sundry' Other Bonds
1st
4,753,000
Ala. R'd,!
Imp 5%, Gold
Sloss Iron
22,000
,200,000
and Scrip
Bonds of other
Companies owned!
Total
(Ledger
Val.,
as
per
Bal.
Sheet,
$14,022,708 47)...
Total Bonds
..3,840,930
1,200,000
6,545,000
500,000 2,000,000
22,000 14,107,930
Owned. 21,562,000 3,840,930 3,150,000 5,129,000 29,864,000 130 000 500,0002,000,000
3,000
14,000
43,000 618,000 66,853,930
I
a For Stocks held by Central Trust Co., Trustee under Unified Mortgage. See page following.
In Treasury.
Standard
STOCKS.
Railroad ComaCentral Trust
panies
Sundry Other Sundry Other Co. Collateral
Companies.
Controlled by
Rauroad
for Unified
I..
A N.
Atlanta Belt Line Co
50- Year
4 percent.
RR
Morgan RR
•
Mtgs.
$200,000 00
.'00 00
2 500 00
26 000 00
.-..(hiii on
60 000 ii"
300,000 (»()
300.000
300.000
Mini (in
10,000 00
10,000 00
25,000
$1,936,700
4,898,450
26,000
50,000
17,275
OOO 00
(,'936,700 do
4,903,460 oo
26,000 oo
60,000 00
17,276 00
IT,.
5.000
Conecuh Land 4 Lumber Co
RR.
under
Bonds.
$50,000 00
Co
Guthrie
Total.
1
i
A
lateral
N.O..M.AT.
$5,000
Birmingham Southern RR., Preferred
Birmingham Southern RR., Common
Elkton
Col-
25.000
Clear Fork R
Central Transfr-r Rv. £ Stora
CMc. tnd, A Loi
(one half)
ind. A Louisv. Ry., Common (one half)
ivern
Monon
lateral Joint
11'. .-.0(1
mervflle
PI
Compah
Farmers'
Trust Co.
Loan A Trust
L.A X.-Sou.Co. Col-
$200,000
32,600
QniOD Station Co..
Augii
In Trusts.
THE CHRONICLE.
1120
I
Vol. lxxxi
TABLE NO. V.— SFXJURITIES OWNED.— (Continued.)
In Treasury.
In Trusts.
SI audi! ril
Farmers'
Railroad ComaCenlral Truxl
Loan & Trust
Trm
'o
Sundry Other Sundry Other Co. CoUateral\L.& N.-Sou.panies
Co. ColRailroad
Controlled by
Companies.
Momm ('ol- lateral under
for Unified
Companies.
50-1 "/.
loli rat Joint N.O..M.&T.
L. <*• A
4 per cent.
Bonds.
Mtgs.
STOCKS.
'
Total.
1
r
.
Brought forward
Florida & Gulf Land Co
Goodlettsville &. Greenbrier
Gulf Transit Co...
Henderson Bridge Co
$60,000 00
RB
6.835.750
S80.000
$662,200
$7,892,425
$062 200
10 000
82,300
938,000
28,000
50 000
100,000
706 081
1,318,385
3,300
30,000
50,000
50,000
15,000
14,000
50,000
1,979,600
7,177,600
1,156,524
46,100
46,100
2,000,000
1,133,433
5,000
12,500
205,800
25,200
48,300
50,000
$10,000 00
82,300
437,000 00
$501,000
28,000
KR
Long Branch Cwd
$617,275
Louisville & NaMivillc Terminal Co
Louisv. Hend. <fe St. Louis By., Preferred
Louisv. Hend. <fc St. Louis By., Common
50,000
100,000
706.081
.318.385
i
00
00
03
50
3,300
30,000
50,000
Memphis Terminal Co.
50.000 00
Milledgeville By
Missouri & Illinois Bridge
&
Belt
15,666
14,000
50,000
BB
&
Decatur BB...
Nashville
Nashville Chattanooga & St. Louis
Owensboro
&
Nashville
By
,979,600 66
1,676,100 00
193,124j99
1
Bv
5,501,500
963,400
46.100
46,100
South & North Alabama RB., Preferred
South & North Alabama RR., Common
South Carolina & Augusta HI!
2,000,000
1,127.400
6,033 33
5,000 00
.
12,500
Terminal
RR.
205,800
Association of St. Louis..
25,200
48,300
Whitley Coal Co
Yellow River RR
50,000 00
Total Stocks in other Companies owned
(Led. Val. per Bal. Sheet $17,427,641 89} $6,641,324 85
6Add Stocks, charged to Cost of Road and
Equipment, with Trustees
Henderson Belt
$1,205,375
—
$1,110,700
SI 0,093,300
RR
RR
Birmingham Mineral
RR
Orleans Mobile & Texas Rv
Nashville Florence & Sheffield Bv
Pontchartrain Bailroad
New
.
00
00
00
00
00
00
99
00
00
00
33
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
$711,800
$19,750
980,000
285,000
1,500.000
985,000
1,969,000
100,000
2,939,700
589,256
2,412,600
3,985.000
615,000
711.800
$711,800
$42,977.955 85
19,750
.
50
00
00
00
$25,885,849 85
980,000
285,000
1,500,000
985,000
1,969,000
100,000
2,939,700
589,256
2,412,600
3,985,000
615,000
Pensacola RR
Louisv. Cin. & Lexington Rv., Preferred.
Louisv. Cin. & Lexington Rv., Common
Alabama Mineral RR
Louisville Ry. Transfer .
Mobile & Montgomery Ry_.
Shelby
$6,835,150
00
00
00
00
00
00
00
00
03
1
Total Stocks
RR.
$6,641,324 85
.
1
Sl.205.375
$1,110,700
$26,473,600
a For Bonds held by Central Trust Co., Trustee under Unified Mortgage, see page 22.
Co., with exception of Southeastern & St. Louis Ry.
TABLE NO.
b
$6,835,150
These properties have been deeded to the L.
A-
N.
-GROSS EARNINGS, OPERATING EXPENSES, AND NET, BY MONTHS.
TOTAL LOUISVILLE & NASHVILLE SYSTEM.
VII.
Average operated during year, 3.826.31 Miles.)
(4,052.73 Miles.
Month.
Passenger.
Freight.
Miscellaneous.
Express.
Mail.
Total
Earnings.
Per cent
of Exp.
to Earn-
Net
Operating
Expenses.
Earnings.
ings.
$
1,975,356
2,213.890
2,274.448
2,503,642
2,549,339
2,383.016
1904.
July,
Aug.,
Sept
.
Oct.,
Nov.,
Dec,
17
32
20
51
76
54
729,508
792,722
804,731
793.926
708,609
761,461
79
02
00
42
63
12
68,461
68,535
83,212
74,002
73,997
72,425
59
54
56
16
11
98
$
61 ,565 65
55,057 88
61 ,863 59
72,708 26
76,972 06
94,066 79
I
Jan.,
Feb..
2,325,689
2,040,647
2,664,718
2,267,222
2,328,823
2,205,830
1905.
75,880
75,880
72,943
75,867
75,880
73,434
28
28
70,935
60,708
73,393
80,252
81,752
69,495
32
22
49
82
63
99
94
99
2,859.839
3,157,919
3,257.231
3,476,534
3,429,005
3,358,834
98
34
50
42
26,735
31,241
30,905
32,663
36,843
52
55
84
89
3,160,234
2,774,510
3,523,213
3,148,074
3,206,273
3,165,398
81 2,141,579 41
30. 1,929,740 74
68 2.334,005 30
35 2,300,270 57
67 2,394,466 83
40 2,469,156 70
69
58
1,949,712
2,077,786
2,099,594
2,247,768
2,3S1,620
2,164,318
910,126 96
73
08
80
65
67
49
1,080,133
1,157,637
1,228,765
1,047,3S4
1,194,515
50j
1,018,655
844,769
1,189,208
847,803
40;
56]
381
781
18:
69
83
93'
68.18
65.79
64.46
64.66
69.45
64.43
811,806 84
696,241 70
67.77
69.55
66.25
73.07
74.68
78.00
27,732,625 41 8,619,649 59 890,520 28 858,771 64 415,503 80 38,517,070 72 26,490,020 97:12,027,049 75
68.77
March
April,
May,
June,
Totals
660,994
566,033
681 ,253
692,068
682,973
745.367
$
24,947
27,713
32,976
32,254
20,086
47,863
TABLE NO.
VIII
54,
01
08
59
70
99
15
24
46
23
85
68
12
04
28
34
18
60
43
66
41
71 .269 73
TOTAL EARNINGS, OPERATING EXPENSES.. AND NET.
RECAPITULATION.
Per Cent
Sources.
of Gross
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Earnings.
Passenger
Mail
Express
Train Privileges
22.379
2.312
2.230
Freight
Car detention, storage, etc
72.001
.184
.576
.105
.100
.044
Bents
Highway traffic and rental N. &
Wharfage and storage
Telegraph
Profit from dining cars
Switching and trackage
A!
iscellaneous
Total
'..-
C. Bridge
.014
.014
.030
.011
100.000
$8,619,649
890,520
858,771
17,103
59
28
64
20
$10,386,044
27,732,625
70,821
221,729
40,253
38,651
5,453
5,610
11,468
4,412
71
41
$6,287,268 31
20,202,752 66
00
$4,098,776
7,529,872
70,821
221,729
40.253
38,651
5,453
5,610
69
1 1
60
43
82
59
10
37
$38,517,070 72
40
75
60
43
82
59
10
00
,468 69
4,412 37
$26,490,020 97
$12,027,049 75
(>( T.
THE CHRONTCLE.
i «<)">.
7
1
TABLE NO.
OPKH
IX.-
\TINC.
\12\
EXPENSES.
EXPENDED FOR
V
Maintenance
l
Superintendence
I
Roadway and
rrack Repairs
—
Way
186,317 08
C» 87
668,130 14
320,810 55
11K.210 05
567.XI2 62
140,248 23
100,752 28
38,350 15
73,256 19
28,300 53
4,031 32
4,868 75
214,977 14
1,359,451 02
1,987, 01
Renewals of
Renew als of
Watchmen of track and bridges
Bridge and culvert repairs
--
Hails
4
S
6
:
Depot
B
Shop building
-
-
-
repairs.
Section house repairs
Water station repairs
Dredging and repairs of docks and
Telegraph repairs
Stationery and printing
9
10
11
la
13
14
15
Extraordinary expenses
Improvements waj and
16
—
-
repairs
—
wharves
-
..
-
-
structures...
-
Total
Maintenance
17
IS
19
Superintendence.
I .ocomot ve repairs
Passenger car repairs
20
Freight car repairs
Sleeping ear repairs
21
Shop machinery and
23
Stationery and printing
24
Improvements
tools
— Equipment
25
Total..
2<;
Superintendence
3
1
6
6
7
8
9
10
11
12
13
14
15
5,702,532 92
16
04
88
01
17
18
19
95
20
69
66
21
143,044
1,987,695
405,612
2,487,939
34,592
70,193
14,156
1,202,863
. -
•>'
1
2
Equipment.
of
.
i
\,.
avif structures
-
ss ties
I
of
Amounts.
-..
32
38
22
23
24
6,346,097 93
25
400,642
1,787,687
1,981,057
536,435
2,197,265
50,853
140,038
634,382
916,497
886,627
481,569
221,983
417,213
23
63
45
75
14
26
27
28
29
30
33
31
77
32
33
34
35
Conducting Transportation.
as
29
30
31
32
33
34
35
'Conductors, baggagemen and brakemen.
Engineers and firemen
Round house expenses
Fuel for locomotives
Oil and waste for locomotives
Water supply for locomotives
Train expenses
Switchmen, flagmen and watchmen
Station agents and clerks
— Freight
36
St at ion labor (handling)
37
38
39
40
expenses
Telegraph expenses
Hire of locomotives and cars
sleeping car hire
Sleeping car expenses
Rents (tracks yards and terminals)
Advertising and soliciting
Station
41
42
43
44
45
46
47
48
49
50
.
Wrecks
Baggage
Loss and damage
Loss and damage
Freight
Loss and dama ge To property
——
—
41
13,509,780 39
51
34
43
79
52
53
54
55
56
57
58
931,609 73
59
$26,490,020 97
60
and printing
Total
51
79
36
37
38
39
40
94
5,242
300,081
41,926
329,485
174,575
263,495
;
Injuries to persons
Loss and damage Stock killed..
Stat ionery
13
57
42
43
44
45
46
47
48
49
50
(clearing')
•
49
72
313,850 48
57,319 51
53,086 28
834,701 97
410,149 57
73,610 29
,
,
82
79
59
03
90
22
General Expenses.
52
53
54
55
56
57
Expens?.^ cenrral officers, general office expenses and supplies
Insurance
expenses
Stationery and printing for general
Other general expenses
.
Law
58
offices
Total
59
oO
Tot al operating expenses
—
TOTALS AND AVERAGES FOR THE YEAR
.Vo.
126,265
250,010
73,134
140
215,263
73,227
193,567
Salaries of gen'ral officers
Salaries of clerks and attendants
1904-1905
61
12
COMPARED WITH THE PREVIOUS YEAR.
Percentage of
PASSENGER TRAFFIC.
:
78
66
1904-1905
Xo.
1903-1904.
Increase. Decrease.
1
2
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Mileage of road operated
Number of miles run by revenue trains
Number of miles run bv cars
Number of cars in each train
Number of passengers carried
Number of miles each passenger was carried..
Number of passengers carried one mile
Number of passengers carried in each train
Number of passengers carried in each car
Earnings from passenger trains
Expanses of passenger trains
Net earnings from passenger trains
Earnings per mile of road
Expenses per mile of road
Net earnings per mile of road
Earnings per revenue train mile
Expenses per revenue train mile
linings per revenue train mile
Earnings per car mile
Expenses per car mile
Net earnings per car mile
Earnings per pxssenger
Earnings per passenger per mile
Psrcentagn „f ^ypentes to passenger earnings
(»—
Viimher
.
rnil»-s
cents
.cents
_
(d)
run by revenue trains
miles run by cars, loaded
Number of
miles run bv cars, loaded
SO
Number
Number
__
cents
cents
14,371,866
027,633
203,699,437
99,085.152
302,784,589
(e)
and empty..
13.31
of ears empty in each ti
of cars loaded and empty in
c. 18
each train
32
33
34
Percentage of empty-car mileage to total car mill
38
37
carried one mile
N rmber of miles each ton was carried
Number of tons in each train
--
of tons carried
Number of
39
40
(O—
..
9,518,705
38.90
370,084.220
46.84
13.12
$10,386,044.71
$6,287,268.31
$4,098,776.40
$2,714.38
$1,643.17
$1,071.21
131.450
79.574
51.876
26.776
16.209
10.567
88.98
2.289
60.54
3,618.19
6,535,900
35,838,735
4.83
8,647,469
36.39
314,681,892
42.44
12.25
$9,280,437.47
$6,030,872.81
$3,249,564.66
$2,564.94
$1,666.82
$898.12
125.159
81.334
43.825
25.895
16.828
9.067
86.77
2.384
64.98
5.7520
6.6949
8.2315
2
.6563
3
10.0750
6.8975
17.6058
10.3676
7.1020
11.9133
4.2514
26.1331
5.8263
4
5
6
1
1
7
8
9
10
11
12
1.4189
2.1639
18.3708
3.4022
3.6784
21
3.9849
6 S329
tons in each loaded car
er of tons In each loaded and
from freight revenue trai
.
229.1".
17.LM
.
empty
-
19.79
67.28
32.72
21,041,000
3,505,899,668
167
'-ar
.58
$27,732,625 41
1
1
3.3675
5.5283
2.5276
6.0988
3.6695
19.76
.1618
68.02
31.98
21,429,278
3,460,354,603
161
1.08
22
23
24
26
26
27
.9673
29
30
2.5316
31
.0879
32
33
1.8119
34
2.1061
1.2056
88
1
2.3139
3162
3.7207
1
17.42
11.85
$27,318,816.75
16
17
18
19
20
16.5435
2.5470
13,903,656
S79.037
198,077,641
93.389,538
292.067,179
13.44
6.32
13
14
15
19.2725
5.0264
F HEIGHT TRAFFIC.
of
Number of
Number
3,826.31
6,973,475
38,788 804
4.91
-
27
28
31
(<0—
36
!'i
!
1034
"i
THE CHRONICLK.
1122
Percentage o\
FREIGHT TRAFFIC.
No.
[Vol. lxxxi.
1904-1905
1903-1904.
!
No.
Increase. Decrease.
Expenses
of freight revenue trains
Net earnings from freight revenue trains
Earnings per mile of road
Expenses per mile of road.
Net earnings per mile of road
Earnings per revenue train mile
Expenses per revenue train mile
Net earnings per revenue train mil'-
41
42
43
44
45
46
47
48
49
60
—
-
-
Earnings per car mile
62
53
54
55
56
67
68
69
60
cents
cents
cents
cents
cents
cents
- .cents
cents
cents
cents
cents
cents
-
--
Expenses per ear mile
Net earnings per ear mile
Earnings per ton
Expenses per ton
Net earnings per ton
Earnings per ton per mile.
Expenses per ton per mile
Net earnings per ton per mile
51
-
-
$20,202,752.66
$7,529,872.75
$7,247.88
$5,279.96
$1,067.92
181.205
132.048
49.217
0.]."/)
6.672
2.487
131.803
96.010
35.787
—
61
I
|
i
,
!
790
552
238
.215
72.
_
$10,066.37
$6,923.12
$3,143.25
|
,
.791
.576
Percentage of expenses to freight earnings..
Gross earnings per mile of road Pass., fit., and misc
Operating expenses per mile of road
Net earnings per mile of road
—
0,675 .46
5.7145
$8,238,141 29
8.5974
$7,558 .70
4.1121
$5,281 .83
.0354
$2,276 .87 I...
13.5691
185 005
2.0216
129 .277
2.1435
55 .728
11.6835
9 .364
J 2.1892
6 .543
1 .9710
2 .82lj
11.8398
127 024
3.27451.
89 180
7.6654
38 444
6.9114
SI 9, 11
69 81
$10,210 57
$6,948 65
$3,261 92
41
42
43
44
45
40
47
48
49
50
51
1.4123
.3674
52
53
54
55
56
57
58
59
60
3.6380
61
"".12661
4.3478
9.6639
4.3547
(a) Mileage of road operated shows average length operated during each fiscal year.
lb) Miles run by mixed revenue trains have been added to Passenger Train Mileage in arriving at Results of Passenger Traffic.
(c) Includes Mail, Express, Excess Baggage and Train Privileges.
(d) Excludes Mail, Express, Excess Baggage and Train Privileges.
(e) Miles run by mixed revenue trains have been added to Freight Train Mileage in arriving at Results of Freight Traffic.
telephone companies which are operating in Indianapolis,
Cleveland, Pittsburgh, Rochester and Philadelphia.
The independent companies of St. Louis and Kansas
City will be closely allied with the new enterprise, if not
directly controlled thereby.
The New York Independent
Telephone Co., which hopes to obtain permission to operate
in Greater New York and which on Sept. 23 filed at Albany
a certificate of increase of capital stock from $50,000 to
$50,000,000, is supposed to be the Eastern end of the project.
(The Commonwealth, the Atlantic and the Star independent
telephone companies have also applied to New York City for
Louisville,
franchises.)
No
option,
it
appears, has yet been obtained on the
Keystone Telephone Co. of Philadelphia.
Joseph J. Heim, of Kansas City, who filed the
certificate
for the increase of capital stock, is quoted as saying.
This company is to be to the independents what the American Tele§hone & Telegraph Co. is to the Bell companies. We have bought the
tromberg-Carlson Tel. Mfg. Co., and it will be to the independents what
the Western Electric Telephone Manufacturing Co. is to the Bell. We
have bought the independent companies at Utica, Rochester, Syracuse
and other important up-State points in New York, and have secured a
charter to allow us to invade the city of New York with an independent
telephone system. (See Rochester Telephone Co. in V. 81, p. 672, and
V. 80, p. 2402).
The directors are John N. Rauber, President; William J.
Vice-President; Benjamin E. Chase, Secretary;
W. Zoller, Treasurer; Morris D. Knapp, J. Wesley
Kingston and Henry A. Bingham. Rochester men are
largely interested in the undertaking.
Thomas W. Finucane has resigned as Treasurer of the Stromberg-Carlson Co
(V. 78, p. 2015) in order to join the new company.
William
H. Page Jr., 32 Liberty St., New York, is attorney in
charge of organization.
Waco (Tex.) Exporters & Traders Compress & Warehouse
Co.—Bonds Offered.—The Noel-Young Bond & Stock Co.,
St. Louis, recently offered, at 101 and interest, $15,000 of
the $125,000 outstanding first mortgage 6s, due Jan. 1 1923,
but subject to call as a whole at 105 on Jan. 1 1908. Interest
payable annually at Girard Trust Co., trustee, Philadelphia.
Naylon,
Frederick
A
circular says:
The property cost $300,000. Capital stock $155,000ron which 15 p. c.
cash dividend was paid last year, after setting aside $7,750 sinking fund.
The stock is largely owned by Geo. H. McFadden & Bro. of Philadelphia, one of the oldest and best cotton houses in the country.
Under the
laws of Texas each compress has practically a monopoly of the business
originating in the territory adjacent to it, the law requiring railroads to
uncompressed cotton to the nearest compress, at the same time
regulating the rates charged lor compressing.
haul
—
—
Waynesburg (Pa.) Water Co. Bonds Offered. James
Carouthers & Co. of Pittsburgh are offering at par and interest $100,000 of this company's authorized issue of $150,000
5% gold bonds of $1,000 each.
These bonds are dated July 1 1905 and due July 1 1925, but subject to
company's option after July 1 1915. Interest payable semi-annu-
call at
Fidelity Title & Trust Co., trustee, Pittsburgh, Pa.
Capital
stock, $100,000; gross earnings for year ending Aug. 31 1905, $15,412;
net earnings, $11,684; interest on bonds, $7,500; balance, surplus, $4,184.
The company has 7H miles of main and its main station has a capacity
of 3,000,000 gallons per day.
ally at
—
Weliman-Seaver-Morgan Co., Cleveland. Change in Provisions Respecting Stock.
The shareholders will vote Oct. 24
upon a resolution to amend the charter so as to provide:
—
That the holders of the preferred stock
same as the common stock is voted.
(1)
the
To provide that the preferred
by tbe payment of par, a premium
have a right
shall
may be
to vote said stock
any dividend period
per cent thereon and all accrued and
members of the H. F. FrickCoke Co. and was formed for
the purpose of supplying water to their various works in
Fayetteville and Westmoreland counties.
Thomas H.
Lynch is President and D. H. Coble, Secretary.
of
—The attention of investors
is invited to the October inCo., which is published in this
issue of the "Chronicle."
The list embraces a number of
prominent railroad bond issues, a block of New York City 3 y^s
and another of Philadelphia 33^s. For short-time investments there are several railway company note issues, which
are offered at prices to yield from 4.30 per cent to 5.03 per
cent.
Detailed information regarding any of the securities
offered will be furnished on request.
vestment
list
of
Redmond &
—
Kinnicutt & Potter, 1 Nassau St., have issued a circular
affording an interesting comparison between railroad bonds
and real estate mortgages as a form of investment. The
circular says in part: "Real estate mortgages are open to two
serious objections: In the first place, being made upon the
appraised value of property, which is constantly changing,
they are necessarily made for short periods, and the holder
of mortgages is compelled to accept a lower and lower rate of
interest as time goes by on the various renewals of his mortgages, in conformity with the gradual decline in the general
rate of interest. This necessity the buyer of a long-term railroad bond in never obliged to face. In the second place, the
holder of a mortgage is at a great disadvantage as regards the
changing value of property. He receives no direct benefit
from an increase in value, but has to stand the larger part of
In this respect again the advantage
the risk of a decline.
lies with the holder of a railroad bond.
First-class railroad
bonds generally increase in value with time, and all such inThis brings
creases go directly to the benefit of the holder.
an indirect income, the probable amount of which it is
always wise to estimate when making investments, as well
as the actual direct revenue."
H. B. Richardson and Samuel H. Hubbard have entered into partnership, under the firm name of Richardson
& Hubbard, to engage in the sale of bonds and other highgrade investment securities, with offices in the new First
Mr. Hubbard was an
National Bank Building, Chicago.
—
original member of the firm now known as John C. King &
Co. (the first title being S. H. Hubbard & Co., of which Mr.
King was the "Company"); and later of Hubbard, Whipple
& Co., Chicago. Mr. Richardson was for several years with
Edwin L. Lobdell & Co. and recently Manager of the offices
of Charles W. Gillette & Company, Chicago.
—
The firm of Sheehan & Collin having been dissolved, a
new partnership entitled Parker, Hatch & Sheehan has been
entered into by Alton B. Parker, Edward W. Hatch, WilF. Sheehan and Charles H. Werner, for the general
practice of the law, with offices at 32 Liberty St., New York
City.
liam
—
Messrs. Plympton, Gardiner & Co., New York (with
branches in Chicago and Boston) have just issued a very attractive list of railroad bonds, guaranteed railroad stocks and
Depublic service corporation securities for investment.
tailed descriptions of these various issues will be furnished
,
upon application.
—
Westmoreland Coal Co. New Stock Listed. The Philadelphia Stock Exchange has listed $2,000,000 additional
stock, making the total listed $5,000,000.
Compare V. 80,
Messrs. T. A. Mclntyre & Co.'s (71 Broadway) new
bond circular for October contains some very choice investments in both railroad and industrial bonds. A copy of this
circular may be had by applying to Mr. H. C. Wright, Manager of the Bond Department.
S. H. Becker and M. M. Sterling, formerly with Harvey
Fisk & Sons, have formed a co-partnership under the name
They will conduct a
of Becker & Sterling at 18 Wall St.
p. 1427, 2406.
brokerage business in investment securities.
(2)
stock
of (5)
unpaid dividends.
retired at
(3) And to provide that the dividends payable to the common stockholders of
said company shall be limited to not exceeding 10 p. c. per annum until all of the
preferred stock of said company is retired.
(4) And to provide that the preferred stock shall not be Increased without th«
•onsent of two-thirds of the preferred stockholders. V. 76, d. 1305.
—
—
—
—
—A
Youghgahela Water Co. Mortgage.
recently filed at Uniontown, Pa., in favor
of
mortgage was
the Union Trust
Co. of Pittsburgh, as trustee, to secure $450 ,000 of first mortgage bonds. The company is composed for the most part
—
—
F. W. Mason & Co. have issued their monthly stock and
quarterly bond list, giving quotations on about three hundred different unlisted stocks and bonds, which can be had
by sending to or calling at their office, 53 State St., Boston. ^
—
.
—
.
THE CHRONICLE.
Oct.. 7 1905.
1123
COTTON.
$hc Commercial £imcs.
Friday Night, October
COMMERCIAL EPITOME.
MOVEMENT OF
Friday Night, Oct. 6 190.-).
of business lias continued to in- regood.
Supplies are now moving into the hands
ported
of the consuming trade on a liberal scale, and in sonic lines
manufacturers are finding it a difficult matter to keep up
The placing of new orders also
with trade requirements.
has been fairly free, although in some lines buyers are less
Reports from the iron
active than earlier in the season.
market state that negotiations arc under way for a large
tonnage of foundry iron.
M
Recttptt at
—
Sat.
16.019
427
Galveston
1905.
i
<
,'i
Mtreh a n dise
Lanl
tierces
bags
..bags
i
Coffee, Biaz'.l._„
Coffee, Java
Coffee, other
Su gar
bags
hogsheads
Sugar
hacs, etc
mats
hogsheads
No.l
foreign
Hides
Cot ton
hall's
Rosin
barrels
barrels
barrels
Spirits turpentine
Tar
bags
pockets
bags
bags
Rice, Bast India
Rice, domestic
Linseed
Saltpetre
Manila hemp.
Sisal
bales
.bales
hemp.
barrels &sack s
Flour
Oct. 1.
3.97S
16,500
3,340,019
100,639
832, 307
4.919
IS, 000'
3,260,652
OS, 494
355,351
6,100
21,000
2,706,632
None.
1
None.
None.
1,376,296
1,217.734
None.
None.
1904.
Oct.
New
1.
II,
l
NO'.)
427,796
149,605
None.
3,800
192,420
24,112
125,545
12,600
31,204
26,43.".
29,078
,359
945
1,151
1,602
2,200
1,871
i.r.si-
1
•1,400
3,000
35,000
30,000
None.
250
None.
45
30,000
34,000
1,500
60,600
1,115
101,900
Orleans. Mobile
Pensacola, &c.
ing at 7.Soc. for refined for the Continent.
Speculation in
lard for future delivery has been quiet, and under efforts to
liquidate long accounts, prices have yielded. Close steadier.
The demand for pork has been quiet, but prices have not
changed, closing at S15@16 for mess. Cut-meats have been
weaker, selling at lower prices. Tallow has been steadier,
closing at a slight advance at 434c.
Cotton-seed oil has
weakened under freer offerings, closing at 24%@25c. for
prime yellow. Demand for butter limited, but prices have
held steady.
Cheese has been quiet and slightly easier.
Fresh eggs have held steady for choice grades.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO
Sat.
7.1 1\i
Man.
7.27H
6.82^
6.82H
January delivery. 6.77H
Brazil grades of coffee
Tues.
7.173^
6.80
6.80
Wed.
7.12H
6.77H
6.77H
Thurs.
7.123^
6.75
6.75
Mon.
Tues
Wed.
20,067
27,194
25,797
18.371
4,336
4,580
~3~,340
2,340
666
:if.
3,899
14,545
->,i;s-i
2.270
3,401
L'.LML'
1,821
14,850
as indicated
15,345
1
17,688
November
December
7.10c. January
7.15c. February
7.30c. March
14,: IS",
10,367
si ,240
lL',7-1!)
closing at 16%(5;l6%c. for Lake and electrolytic.
Lead has been quiet but steady at 4.85
Spelter
4.95c.
quiet,
(ft
has been firmer, closing at 0(o 0.10c.
fairly brisk
Pig iron has been
demand and
in
firm, closing at $17.25@17.50 for
No. 2 Northern and $16. 25(ci 16.50 for No. 2 Southern.
Refined petroleum has been in fair demand, closing firm
at 7.60c. in barrels, 10.30c. in cases and 4.70c. in bulk.
Naphtha has advanced to 12c. for 71 decrees and 12c. for
76 degrees. Credit balances have advanced, closing at .56c.
Spirits turpentine has advanced, following the South, closing
at 69 3/i(o,l()c;.
Rosins have been firm and higher, closing
at $3.90 for common and good strained.
Hope have been
more active and firmer. Wool had a fair sale at firm prices.
1
1
15,981
¥,271
~2~,498
V.511
1~082
Wilmington
..
V.517
Y.321
T.713
V.266
3~467
¥,636
25~,920
Wasliingt'n.&c
Norfolk
~6~,970
Y.459
~8~,520
lb',037
Y.468
5",18§
4~2~642
Newp't N.,itc.
York
N't'w
Boston
Haltimore
198
294
""lb
"162
294
50
40,755
50,757 346,561
"""44
rinladel'a
Tot. thiswk.
54,945
65,453
69,564
65,087
The following shows the week's
1 1905, and the stocks
since Sept.
last year.
2,486
198
""58
total receipts, the total
to-night, compared with
1905.
1904.
Stock.
Receipts to
Galveston
Pt. Arthur, &c
New Orleans
Mobile
Pensacola, &c
Brunswick
&c
25~,920
Wilmington
Washington, &c
42~642
198
.
&c.
""l02
294
50
Baltimore
Philadelphia
1905.
1
2
2
90,036
26,522
81,386
55
99,753
550
117,173
791
431
4,803
39,739
93
925
514
187
162
1904.
560,222 160,129 109,488
4,269
194,245 93",792 9~3~,893
44,381 32,583 19,125
6,540
383,678 144",3l4 117", 967
23,996
7,048
8,891
71,835 34,981 19,335
12
Norfolk
Newp't News,
New York
Boston
Since Sep
1 1904.
This
week
461,254 135,302
3,271
3,148
73,555 68,831
44,722 12,693
522
16,672
370,834 88,291
17,556
5,073
65,921 21,088
127,374
1,016
22,124
14,385
15,981
81,240
2,486
12,749
Savannah
Charleston
Port Royal,
Since Sep
1 1905.
This
week.
Oct. 6.
""56
34~843
27~858
5~3~,099
22~095
209" 118
44~492
1,342
578
1,520
450
784
276
3,437
3,176
2,824
346,561 1,268,459 401,721 1,472,422 779,344 466,584
Totals
Raw sugars have been steadier, holders showing less
anxiety to sell. The close was steady at 3^c. for centrifugal,
96-degrees test, and 3c. for muscovado, 89-degrees test. Refined sugar has been easier, but closed steady at 4.60@4.65c.
for granulated.
Other staple groceries unchanged.
Advices from the interior have reported quieter markets
for Kentucky tobacco, the export demand being light, and
for some grades prices are slightly easier.
Seed-leaf tobacco
has been in good demand and at firm prices.
Sales include
about 2,500 cases new Wisconsin; also 4.000 cases 1904
Penn Broad leaf at 15@16c. Up to 80c. has been reported
paid for 1904 fancy Connecticut broad leaf.
Sumatra
tobacco in steady demand.
Havana tobacco had a fair sale.
Foreign advices in the market for Straits tin have been
stronger, and there has been a slight advance locally.
The
close was steady at 32.45@32.75c.
Higher prices have been
asked for ingot copper, but at the advance business has been
1,016
22,124
226
8,439
In order that
11
comp arison
m ay be made with
r
I
589
4,154
V.75S
Fri.
7.65c.
7.80c.
7.90c.
19,926 127,374
Charleston
Port Royal, Ac
7.17J4
6.85
6.85
7.35c. |Mav'
7.45c. |July
7.55c. September
Total.
,992
,63.4
have been in moderate demand. w e give below the totals at leading ports for
"Commercial" grades have been in limited supply, and they
1905.
1904.
1903.
1902.
have sold at slightly better prices, closing at 8 13-16c. for Receipts at
Rio No. 7 and 9J^c. for Santos No. 4. Offerings of West Galv'n, &c_ 128,390 138,450 105,168
92,068
India growths have been limited; prices have been unchanged N. Orleans.
22,124
51,199
68,831
68,925
14,385
12,693
9,544
9,861
at 10c. for good Cucuta and ll^c for good average Bogota. Mobile
81,240
88,291
69,880
55,059
.
Speculation in the market for contracts has been on a limited Savannah
Ch'ston, &c
10,205
12,749
21,090
14,413
scale only and changes in prices have been slight.
Statistical Wilm't, &c
25,920
26,534
25,375
28,592
19,661
42,642
26,259
39,739
developments have been favorable to the market. Small- Norfolk
143
463
198
93
crop estimates have been received from Brazil. The close N'p'tN.,&c
All others..
5,520
11,366
18,913
6,000
was firmer on unfavorable crop news. The closing asked
296,200
Tot. thiswk
401,721
307,501
prices were as follows:
346,561
October
Fri.
Thurs.
2.4S6
2,629
1,000
Lard on the spot has continued to drag, buyers generally
difficult to interest.
Offerings have been fairly free
and prices have been easier. The close was firmer at 7.65c.
for prime Western and 7.25c. for prime City.
Refined lard
lias had only a small sale and prices have been weaker, clos-
Till'
Brunswick
42,000
None.
1,537
2,289
2,610
86,000
1
Savannah
being
October delivery.
Dece'ber delivery
&c
Vitlmr,
Pt.
1905.
Sept. 1.
1905.
by our
CROP
from
ithe
South
to-night
telegrams
For the
given below.
week ending this evening the total receipts have reached
346,561 bales, against 290,585 bales last week and 244,124
bales the previous week, making the total receipts since the
1st of September 1905 1,268,649 bales, against 1,472,422
bales for the same period of 190 1, showing a decrease
sine.- Sept. I 1905 of 203,873 bales.
Till:
The general condition
Stocks
——
.
Since Sep.
1
472,412
1,268,459
953,352 1,327,145
other years,
six seasons.
1901.
1900.
64,772
119,719
92,921
63,493
7,098
60.278
14,376
20,583
12,070
7, cor,
212
9,870
56,519
10,517
21,791
26,634
978
20,566
2S0.901
329,121
868,426 1,226,995
The exports for the week ending this evening reach a total
of 197,126 bales, of which 81 ,034 were to Great Britain 20,005
Below
to France and 96,087 to the rest of the Continent.
are the exports for the week and since Sept. 1 1905:
,
Week
Great
Britain. Fr'nce
Galveston
Pt. Arthur, AcNew Orleans..
Mobile
Pensacola
Savannah
Brunswick
From
ending Oct. 6 1905.
Exported
Exports
from
42,109 19.245
2.000
3,502
3,603
Continent.
3,461
1
1905 to Oct 6 1905.
.
Exported
Great
Total
Britain.
Franco.
to
Continent.
Total.
143,212
60,963
2,000
3.502
17.874
52,809
10.372
12,988
8,602
8,745
7.07s
3.461
1.015
92,691
2,410
4,860
7§96
148.05!)
6.91 J
296,866
2,410
10,468
3.502
24.457
163.643
10.372
9",
666 23",275
32" 339
'.'.'.'..
23,523
55,862
-.
. - -
28,298
341
00.045
6,631
14,271
52,869
6,911
„
Sept.
to
67,985
16.; 12
Charleston
Wllmlneton
..
13.615
Norfolk
N'port N'cws..
New York
Haltimore
.
.
Philadelphia ..
Portland. Me..
6,083
3.274
1.515
2,234
—
. _
760
638
4.545
300
900
:::::
10,388
.•(.57
1
2,415
2.234
• 638
"'.'.'.
26,8281
15,182!
9,035i
6.159,
4.919
sin
ranclsco.
Seattle
688
1
—
Portland, Ore.
.953
6
100
1
Tacoma
Total 1904
18,486
6,169
9,460
1,953
1
Total
1,467
100
•„
81,094 20.005
96,087 197.126
269 ,60
330.056
680,067
191.547 22.993
83.483 298,023
649.953 110,880
315.428
970.261
In addition to above exports, our telegrams to-nighi
give us the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at the porta named.
New York, which arc prepared for our special use by M
Lambert <v. Barrows, Produce Exchange Building.
•
•
THE CHRONICLE.
1124
On
Oct. 6
Shipboard, Not Cleared for
UTUKES. — High,
—
at—
Ger-
Great
lirit'n.
New Orleans.
Galveston
6,137
28,808
8,955
12,732
Savannah
Charleston
Mobile
Norfolk
New York
Other
many. Fore iyn
France
6,411
32.198
15,600
4,068
9,752
.'.
.
Other ports..
5,000
15,000
300
2,366
""800
3,000
4.666
10.000
I
Leaving
Coastwise.
Total.
25.571 68,221
87,653 72,476
18,300 126,014
3,000 31,981
5,600 26,983
31,539 21,560
13,300 195.818
31,000 20,328
4,163
2,700
3,000
3,000
31,539
500
3,000
3",
31
I
54,945
67.916
80.007
25,787
30,550
22,412
©I
@l
O
cc
d
COCO
Speculation in cotton for future delivery has been active,
it has been at the expense of prices, they declining
sharply. The monthly report of the Government's Agricultural Bureau, which was issued at noon Tuesday, has
been the feature of the market. It showed a decline in the
average condition of the crop during September of only 9-10
This was a better report than generof 1 per cent, to 71.2.
ally expected and created consternation among bullish
interests, who claim that the report is wholly out of accord
with their private information from the South. Others of
the trade, however, point out that weather conditions in the
South during September were fairly favorable except for the
complaint of drought in Texas, and that it should not have
been expected that much of a decline in the condition of the
crop would occur. Since the receipt of the Government's
report there has been steady selling by speculative holders to
liquidate their accounts. As prices yielded, buying by recent
sellers to cover their short sales made a fair demand, and this
operated to hold the decline in check to some extent. Advices received from the South have reported an easier market
for actual cotton, but the decline has been less severe than in
the New York contract market, as planters have been disposed to hold cotton, not being willing to follow the decline.
At the lower prices there has been more trading with domestic
spinners, but exporters have been reported light buyers.
To-day the local market was weaker, prices declining sharply.
European advices were easier, the weather conditions in the
South were favorable, and the pressure from speculative
Practically
holders to liquidate their account continued.
the only buying came from shorts and domestic spinners
who were willing to buy on a scale down. The close was
barely steady at a net loss in price for the day of 25@30
Cotton on the spot has declined, closing at 10.20c.
points.
for middling upland.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
c. 1.30
0.96
0.62
0.44
0.14
0.38
0.72
0.10
0.30
on Good Middling Tinged
on Strict Middling Tinged
on Middling Tinged
on Strict Low Mid. Tinged
off Low Middling Tinged
off Strict Good Ord Tinged
Even
c 0.06 off
0.21
0.34
0.50
0.84
0.50
1.06
1.50
.
off
off
off
off
off
off
off
Good Ordinary
off Middling Stained
off Strict Low Mid. Stained...
Good Ordinary
on Low Middling Stained
Strict Good Mid. Tinged
On this basis the official prices for a few of the grades for
the past week would be as follows:
Strict
UPLANDS.
Sat.
Mon.
Tues.
Wed. Thurs
9.75
10.37
10.75
11.19
11.71
9.65
10.27
10.65
11.09
11.61
9.35
9.97
10.35
10.79
11.31
9.40
10.02
10.40
10.84
11.36
Sat.
Mon.
Tues.
Wed. Thurs.
Middling
Middling
Good Middling
Middling Fair
10.00
10.62
11.00
11.44
11.96
9.90
10.52
10.90
11.34
11.86
9.60
10.22
10.60
11.04
11.56
9.65
10.27
10.65
11.09
11.61
STAINED.
Sat.
Mon.
Tues.
Wed. Thurs,
9.15
10.15
10.31
10.65
8.85
9.85
10.01
10.35
8.90
9.90
10.06
10.40
Good Ordinary
Low
Middling
Middling
Good Middling
Mi ddling Fair
GULF.
Good Ordinary
Low
®]
©I
©co
9.40
10.02
10.40
10.84
11.36
9.65
10.27
10.65
11.09
11.61
Fri.
9.20
9.82
10.20
10.64
11.16
Fri.
9.45
10.07
10.45
10.89
11.41
Fri.
coco
Middling
9.25
Middling
10.25
Strict Low Middling Tinged 10.41
Good Middling Tinged
10.75
8.90
9.90
10.06
10.40
8.70
9.70
9.86
10.20
for middling upland at New York on
October 6 for each of the past 32 years have been as follows:
1905.C .10.20
1897. c. 6%
1889. .10%
1881. -11^
1904. .10.45
1896... SH
1888.. .10 5-16
1880.. .11 5-16
7-16
1903.. . 9.50
1895... 934
1887. . 9
1879.. -10%
1902. . 8.90
1894... 6M
1886.. . 9 7-16
1878.. -10%
1901., - 8%
1893... 8 5-16
1885.. .10 1-16
1877-. .11 5-16
1900. .10%
1892... 8%
1884.. -10H
1876.. -10%
1899.. . 7 5-16
1891... 8 11-16 1883.. .10 9-16
1875.. -13%
1898- . 5 7-16
1890... 10%
18S2.. -11%
1874.. -15%
The quotations
MARKET AND
SALES.
Futures
Spot Market
Market
Closed.
Closed.
Sales ol Spot
Specu-
Con-
lation. sum'n.
Saturday.. Quiet 10 pts. dec. Steady
Monday
Quiet 10 pts. dec. Steady
Tuesday .. Quiet 30 pts. dec. Steady
Wednesday Quiet 5 pts. adv. Steady
Barely st'dy.
Thursday . Quiet
Friday
Quiet 20 pts. dec. Barely st'dy.
Total
228
25
95
""69
36
s
SI
and Contract.
Contract.
Total.
if, 500
U.525
5,500
2,000
6,500
5,900
5,595
2,000
6,569
5,936
228
453 81,400 81,853
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1
I
THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks,
as follows.
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
evening.
But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
up by cable and telegraph,
6—
is
1905.
1904.
1903.
1902.
bales.
660,000
28,000
40,000
139,000
17,000
9,000
127,000
22,000
12,784
228,000
16,000
Total Great Britain stock...
728,000
17,000
140,000
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
244,000
14,000
64,000
5,000
28,000
3,000
18,000
14,000
7,000
248,000
170,000
143,000
153.000
976,000
76,000
416,000
30,000
44.000
454,000
779,344
300.261
13.049
335,000
8,000
694,000
47,000
61,000
240,000
466,584
265,160
46,722
304,784
36,000
382,000
24,000
36.000
242,000
447,902
397,000
20,000
546,000
45,000
55,000
218,000
506,824
305,878
40.178
October
Stock at Liverpool
Stock at London
Stock at Manchester
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at Hamburg
at Bremen.
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
Total Continental stocks
Total European stocks
India cotton afloat for Europe.
Amer. cotton afloat for Europe.
Egypt, Brazil. &c.,aflt.forE'pe.
Stock in Alexandria, Egypt...
Stock in Bombay, India
Stock in U.S. ports
Stock in U.S. interior towns...
U. S. exports to-day
135,891
24,725
3.088,654 2,163,466 1,633, 302 2,133,380
Total vis'ble supply
Of the above, totals of American and other descriptions are as follows:
American
Low
i00
co
@l
®l
©I
LO
lO
ts
ot
o>
d
c.
d
O
00
CN
TO
O
C-.S
HOI — O
oo oo
is
70,509 20.320 •44,402 215,963 563,381
49,341 25,188 24,808 197,805 268,779
48,578 28,603 22,376 202,676 245,226
but
I
CO 'O
V-
Fair
Middling Fair
Strict Good Middling
Good Middling
Strict Low Middling
Low Middling
SI
New York
low and closing price* at
stock
i,0
Total 1905.
Total 1904.
Total 1903.
[Vol. lxxxi.
—
bales
Liverpool stock
Manchester stock
Continental stock
American
afloat for
Europe
U.S. stock
U.S. interior stocks
U. S. exports to-day
Total American
East Indian, Brazil, &c.
Liverpool stock
65,000
28,000
3,000
38,000
76 ,000
30,000
44,000
454,000
Manchester stock
Continental stocks
India afloat for Europe.
Egvpt, Brazil, &c, afloat
Sto'ck in Alexandria, Egypt
Stock in Bombay, India
&c„.
90,000
5,000
83,000
694,000
466.584
265.160
46,722
53 000
11, 784
70, 000
382, 000
447 902
135 891
24 725
175,000
lll"666
546,000
506,824
305,378
40,178
2,350,654 1,650,466 1,125,302 1.684,380
—
Londonstock
Total East India,
Total American
595,000
37,000
210,000
416,000
779,344
300,261
13,049
49,000
17,000
4,000
87,000
8,000
47,000
61,000
240.000
53.000
16.000
74,000
22,000
1.000
73.000
36,000
24,000
36,000
242,000
'
42",666
20.000
45,000
55,000
218,000
508,000
449,000
513,000
738,000
.2,350,654 1,650,466 1.125.302 1.684.380
.
3,088,654 2,163,466 1,633,302 2,153,380
Total visible supply
4.78d.
5.80d.
5.62d.
5.41d.
Middling Upland, Liverpool..
8.85c.
9.60c.
10.45c.
10.20c.
Middling Upland, New York..
8%d. 8 l-16d. 8 9-16d. 7 9-16d.
Egypt Good Brown. Liverpool.
7d.
9(1.
lid.
9.15d.
Pefuv. Rough Good, Liverpool
4%d.
5%d. 5 13-16d. 5 7-16d.
Broach Fine. Liverpool
5-1 6d.
5 1-lfid. 4 25-32d.
5%d. 5 5-16d.
n .
Tinnevelly Good, Liverpool
Continental imports past week have been 126,000 bales.
The above figures for 1905 show an increase over last week
of 159,715 bales, a gain of 925,188 bales over 1904. and
an excess of 1,455,352 bales over 1903.
'
'
1
.
Oct.
a
j
THE INTERIOR TOWNS
l
movement—that
the
1
1125
the
is
the shipments for the
receipts for the week and .since Sept.
week and the stocks to-night, and the same items for the
corresponding period of the previous year -i> Bel out in
,
below
detail
,
i
THK CHRONICLE.
I9t»5.
7
.
Closing Quotations for Middling Ciiltonton
Oct.
Sat'duy.
(..
\
'i
leans
.
Mobile
10H
10W
10 7-16
10'
10^
10H
10 3-16
10'.
,10^
..
Charleston
ION
..
1
io H
10.88
Norfolk
Boston
Baltimore . .. 10.75
11.00
Philadelphia
iow
Augusta
10'
Memphis
10 9-16
109*
10',
in',
10'
2 n
-2
10
o
10H
10H
10
=T
A
^
pa
-i
I
.
O
-.
D
3-2
a
n
--
L.
Houston
Little Uock
g
•OPV;
~
i
i
;
3
i
i
•
..
.^
10.50
10.60
10
!)
15 16
10W
ION
10W
10W
iow
.
ow
»H
10
10
10.35
10.37
10.65
10.1'.:.
•
10'
s
9 3 6
10 3-16
9N
9 J?
10
10
10.40
10.25
10.65
10
10 3-16
iu\
10 3-16
9N
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
9 13-16
ION Natchez -10W Louisville
Columbus, Ga
l
9W Montgomery .
9W Raleigh ...
i
p
.
St, Louis
(0
-o
n
.
Q
— Off
—
3-
:
10 3-16
10
;
i(V"
10
10.75
10.62
10.90
.
10 3-16
10 1-16
10W
IbM"
Wilmington.. 10>i
-
Monday. Tuesday. Wed' day. Thursd'y Friday
107 7-16
Q&lveaton ... 10 9-16
Savannah
-
—
Week endiny
8"
<?
i
I
9N
Columbus, M.
Ss
—
tc
i-i
c
j-'
and closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:
o *
ccn3:co3*-coiocci;tc
— ^j — — ct x ^ tc
»
ic
— W — 30 ii *. — CO
—
•—
:~-
— CnCTttO'
CO
a
5
-
Closing
October
—
-
Range
CtOO>*-35Cn
Closing
—
Closing
January —
Range
Closing
March —
OS
a—
re
—
tOH—
CO — to to Cn to to — —
t0^14kC5H-i^tOtOtC35CntO
"—
CO 35 CnO Cn to Cn — O CO -J X Cn OX d'x'co SB-4 to'to
*-a*CO 35 00 35 00 35
--I0C
— ~4
— to »j.Cn t0*O*-*iC53S33SO- ^^lOCOCO^toOCn^tO-vlOO lo
*.
Range
(0
Cnto
ft?
•
*sC3*XMic;uccii3^oc'i^-w-3!»axo^JXX2i:xii
Oct. 3.
,
Wed'day Thursday Friday,
Oct. 4.
— @ —— @ —
Oct. 5.
@
—
Oct. 6.
@
—
10.38-. 48 10.24-.46il0.00-.33 9.91- 13 10.0410.0010.38- .39| 10.36- .38 10.01-.02 10.11-
9.75-.91
9.75- .77
10.53-.63 10.36-.53;10.10-.44 10.02-. 23 10. 12-. 25
10.53- .54 10.48-.49il0.ll-.12 10.22-, 23 10. 12-. 13
9.83- .04
9.83-. 84
10.62-.73 10.42-.58'10.19-.54 10.09- .33 10.2010.62-.63 10.57-.58'l0.20-.21 10.31-.32 10.20-
9.91 .12
9.91- .92
1
December
as
eO-"*tC3VCl'-JIC»-3^CiXC3i;XCi~CiCCi3NiXX«lXi|iC
O—X—
—
Range
=
— COto— SJSSO33M00- O35C0CnCn^O»*-*kO
— Cn — JOiHOiTS-J- O353!iet0C^»» — Cn
— 35-1 cn
to
— cc
c — c cscocotototo — — jc
35xx — coto*.oc2cncoc3
xcxo*toxqcmicoxtoaoc
CCX^JCSSO^i;- — MAJX3CO- 35tOCOtO30tO35^tO~4COC5a:C
-^ 33 3:
CJ1COSJ30
~4
Oct. 2.
Sept. 30.
s
Sl^IH-
Monday, Tuesday
Sat' day,
'
Septcml>er
o
to en
*
o
35
8j
est
R-*
tcicc-: — ic —
cooi —
— x iwn»]- 3: — *. — 4.3:0
- coco £» i-:^4^cc3;3i^ci^i>^»^3J
towaoinCRO^jit^^i.i'Ss^JCcxcoXw'iccacw — cotctcaxo — ;Oit»cnifctocn
w —
IShreveport
NEW ORLEANS OPTION MARKET.— The highest, low-
— — — — to — — cj— *- w toaicnciCTrstoio — 3>o —
-j
— «j m"~j oi'-j cons — "co'tc*— Vc »OOr — V> Wicoco 30 Vd **•*- "socncn
u
o-»aa*»o-ONj«)oooM»iooMxi*oooii>:(ci;ao»ciiMo
ssok5i»uM-o^^vic.iicoo:«Aa-oy»i:MaoooiMNo
tofo
Vo""-oo
CjiCTtacco^
10
Nashville
Range
10.80- .91 10.60-. 79! 10.35-.70 10.29-.50 10.36-.49 10.07 .29
10.79- .80 10.75-.76 10.37-.38 10.47-.48 10.36-.37 10.07 .08
Closing
Tone—
co
to to o ^ — —
C03: —
— to
r.so>^su>bjk<>i^C0M
00 O to ^ *. CD 3: 3 C X W 51 J. CnCO — •^J*»C:Ot035XOtOtO*.4^4vtO«JCOO
354k»JCnCnS)COc;COCOtoOX'03~JtO — 3 1Or-NN3*M>l'0*M0iC000
3C3W^M3-3.30-XCi*J-|;-MIC-ICOi^l-JO
O — XX
to cn
~J 4k
-s|
to
ro On to
Co
oi -^ co co
x co
g
•
r-.
;o so ci ci
co
3
Spot
Options
...
Steady.
Quiet.
Quiet.
B'lyst'y.
Steady.
Steady.
Steady. Steady.
Quiet
nyst'j
Steady. B'lyst'y B'ly
.
3
,
to
— — CO — to to — — 35 tOCntOO-4tO — — — 4v — —
-1-J«:i3- t0O35*.OXX — OOtOOC5tOtOO*.4i.tO— OOOCOtOOCi
OOAXX»CCNXOO»OOiCCtJOCiCifc*M*i4iOOCtCtCVitvXXvl
— Cn 35 to ~J to wT ^J -^ — r; V' cm ic X — 3: 3. — 35 cn -g to to Cn * o to
0^.45.
to
e»
WEATHER
»
J
01
1—
C04.4*.
tC
-.
H-
,
1
•"
»
s
.
—
— 35 COC0Cn-.lC0X —
10
— — -*)«4CO30CO4*tOtO00tO ©SsS
— — CnCOCOCn^J 35to^J CnCnCnO MtOCn — 35 35 OO^J OiOCVi-^ 35 Cn *- a. si*tOCnXtOtO~4COC0^1XOCn»J50354.0C04kX CnO — — SOlOtOWOCiJ*
C»
O O !C 3: COOCOOOCnOOtOO — ^iOOOiQOO — 35^QtO tOC0054i00035350ao
The above totals show that the interior stocks have increased during the week 49,800 bales, and are to-night 35,101
bales r.ore than same period last year.
The receipts at all the
town? have been 32,879 bales less than same week last 3 ear.
?
*-
SB
I
45.
tO
0OCn^4
REPORTS BY TELEGRAPH.— Advices to
us by telegraph from the South this evening denote that
the weather has been favorable as a rule during the week
and as a result the gathering of cotton has made excellent
progress.
The movement of the staple to market has been
I
I
r
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT.
— We give below
a statement showing the
overland movement for the week and since Sept. 1, as made
up from telegraphic report- Friday night. The results for
the week and since Sept 1 in the last two years are as follows:
1.
~
-1905
Shipped
Via
Via
Via
Via
Via
Via
—
St. Lj'ii^
Week,
:,7U
...
Cairo
Week.
3,805
J.lS.'i
8,061
44t;
.
1,162
580
&c
Total gross overland
Deduct shipments
Overland to N.Y., Boston, &c.
—
Sinee
Sept 1
14,218
4,359
134
4,414
2,516
7,855
.i ,4l'.",
Rock Island
Louisville
Cincinnati
other routes,
11,730
5,791
T.386
527
2,463
2,787
1,408
8,352
33,496
10.998
30,818
405
23
520
1,510
129
3,334
94S
4,973
2,591
6,673
241
4,179
Total to be deducted
3,127
11,093
Leaving total net overland. a.
4,934
22,403
90
interior
Sept.
1.
2.817
towns
Inland, Ac, from South
Between
1904—
Sina
Oct. 6.
750
10,050
25.845
The foregoing shows that the week's net overland movement this year has been 4,934 bales, against 10,050 bales
for the "week 1904, and that for the season to date the
aggregate net overland exhibits a decrease from a year ago
of 3,442 bales.
1905
In Sight and Spinners'
Since
Takings.
Week.
Sept. 1.
Receipts at ports to Oct. 6
346,561
1 ,268,459
Net overland to Oct. 6
4,934
22,403
South'n consumption to Oct. 6 45,000
232,000
Total marketed
Interior stocks in excess
Came
into sight during
396,495
49,800
week. 446, 295
Total in sight Oct. 6
:i.
spin's' takings to
Movement
Wtti
1903— Oct.
1902—Oct.
1?01- Oct.
1900— Oct.
9
10
11
12
1,522,862
165,084
1904
Since
Week.
1,472.422
25,845
192,000
452,771
66,549
1.690,267
202,900
519,326
1
Since Sept. 1
1903—Oct! 9
404.73311902— Oct. 10
399,201 1901— Oct. 11
•474.72711900—Oct. 12
I
1
1.893.167
30,079
into sight in previous year-.
Bales.
3=13,868
1.
401,721
10,050
41,000
1,687,946
Oct. 6 37,657
Sept.
50,625
—
167,543
Bala.
1,286,770
1,863.173
1,317
1,733,818
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.— Below are closing quotations of middling
at
Southern and other principal cotton markets for
the week.
quite free.
Galveston, Texas.
— Many
localities report
that picking
is
It has rained on one day of the week,
The
the rainfall reaching fifty-seven hundredths of an inch.
thermometer has averaged 77, the highest being 87 and the
lowest 67.
Abilene, Texas. 'Rain has fallen on five days of the week,
the precipitation reaching three inches and fifty-two hundredths. The thermometer has averaged 74, and ranged
from 56 to 92. September rainfall two inches and ninety-
drawing to a
close.
—
four hundredths.
Brenham, Texas. Rain has fallen on one day of the week,
the rainfall being one hundredth of an inch.
The ther-
—
mometer has ranged from 68
to 96, averaging 82.
Month's
rainfall seventy-eight hundredths of an inch.
Corpus Christi, Texas. It has rained to the extent of six
—
hundredths of an inch, on one day of the week. Average
thermometer 79, highest 86, lowest 72. September rainfall
three inches and forty-two hundredths.
Cuero, Texas.
Rain has fallen during the week to the extent of twenty-two hundredths of an inch, on one day.
The thermometer has averaged 84, the highest being 96 and
the lowest 68.
Month's rainfall, four inches and five hun-
—
dredths.
Dallas, Texas.
We have had rain on two days the past
week, the rainfall reaching twenty-seven hundredths of an
inch.
The thermometer has averaged 76, ranging from
57 to 94.
Fori Worth, Texas.
We have had rain on one day during
the week, the precipitation reaching one inch and thirty-six
hundredths. The thermometer has ranged from 62 to 94,
—
—
averaging 78.
an inch.
Month's
—
rainfall
sixty-five
hundredths of
Henrietta, Texas.
There has been rain on one day during
the week, the precipitation being six^-five hundredths of an
inch.
Average thermometer 77, highest 94 and lowest 60.
September rainfall four inches and eight)' hundredths.
Huntsville, Texas.
There has been no rain during the
week. The thermometer has averaged 81, the highest
being 98 and the lowest 01.
.Month's rainfall forty-seven
hundredths of an inch.
Kerrville, Texas.
There has been rain on one day of the
past week, the rainfall reaching two inches and fifty hundredths.
The thermometer has averaged 77, ranging from
63 to 90.
Month's rainfall forty-one hundredths ,,f an inch.
Lampasas, 1
Then has been rain on tuo days
of the past week, and the rainfall has been two inches and
eighty-three hundredths.
Thermometer hat ranged from
63 to 97, averaging 80.
Longvtew, Texas. Rain has fallen on one day of the w
Average
the rainfall being two hundredths of an inch.
—
—
—
THE CHRONICLE.
1126
thermometer 78, highest 91, lowest 64. Month's rainfall
one inch and seventy-five hundredths.
Luting, Texas.
We have had rain on two days during the
week, .the rainfall being sixty-seven hundredths of an inch.
The thermometer has averaged 80, the highest being 95 and
—
the lowest 64.
Nacogdoches, Texas.
have had no rain during the
The thermometer has averaged 79, ranging from
week.
66 to 91.
—
Palestine, Texas.
There has been rain on one day during
the week, the rainfall reaching one hundredth of an inch.
The thermometer has ranged from 64 to 92, averaging 78.
Paris, Texas.
It has rained heavily on two days of the
week, the rainfall being two inches and sixty-nine hundredths.
Average thermometer 78, highest 95, lowest 62.
San Antonio, Texas. It has rained on one day during the
week, to the extent of fifty-eight hundredths of an inch.
The thermometer has averaged 81, the highest being 94 and
the lowest 68.
Weatherford, Texas.
The week's rainfall has reached two
The therinches and forty-four hundredths., on one day.
mometer has averaged 78, ranging from 62 to 94.
Shreveport, Louisiana.
We have had rain on four days
during the week, the rainfall reaching forty-one hundredths
of an inch.
The thermometer has ranged from 64 to 90,
receipts of cotton at Bombay and the shipments from
all India ports for the week and for the season from Sept. 1
for three years have been as follows:
Receipts at
—
—
averaging 77.
New
— Rain has
on five days of
the week, the rainfall reaching three inches and one hundredth.
Average thermometer 78.
Helena, Arkansas. Cotton opening well. Little top crop.
There has been rain on three days of the week, the precipitation reaching forty-one hundredths of an inch.
The thermometer has averaged 73.2, the highest being 84 and the
Orleans, Louisiana.
fallen
—
lowest
58.
—
Little Rock, Arkansas.
Army worms have eaten off all
leaves and squares where Paris green has not been used.
There has been rain on our days of the past week the rainfall
reaching thirty hundredths of an inch. The thermometer
has averaged 72, ranging from 63 to 85.
Nashville, Tennessee.
There has been rain the past week,
the rainfall reaching one inch and one hundredth.
Average
thermometer 70, highest 86 and lowest 53.
Memphis, Tennessee .—With the exception of rain early in
the week the weather has been ideal for cotton picking.
Rain has fallen on two daj^s during the week, the rainfall reaching eighty-eight hundredths of an inch.
The thermometer has ranged from 60.2 to 84.5, averaging 73.
Montgomery, Alabama. Farmers in general are holding
their cotton, refusing to sell under ten cents.
There has been
rain on four days of the past week, the rainfall reaching
eighty-five hundredths of an inch.
Thermometer has averaged 75, ranging from 63 to 87.
Selma, Alabama. There has been rain on three days during the week, the rainfall reaching sixty-four hundredths of
an inch. The thermometer has ranged from 65 to 92, aver,
—
—
1905.
—
Bombay
—
—
—
—
—
—
—
38,000
For
Exports
from
—
Great
1
Britain,
New
Orleans
Memphis
Nashville
Shreveport
Vicksburg
Oct. 6, 1905.
Feet.
Above zero of gauge.
9.7
.Above zero of gauge.
10.1
Above zero of gauge.
7.4
1.0
Above zero of gauge.
24.7
.Above zero of gauge.
Oct. 7 1904.
Feet.
4.6
6.9
l.o
3.3
8.4
•
36,000
Week.
the
Contvnent.
Since
Sept. 1.
Week.
Sept. 1.
7,000
31,000
4,000
Since September
Great
Britain.
1
Total.
Continent.
1.
Total.
Bombay — ..
1905
1904
1903
Calcutta
1905
1904
1903
V.666
26.000
26.000
7.000
41 ,000
1 ,000
48,000
2",666
3~666
2,000
19,000
21,000
V.666
V.666
2,000
2,000
4,000
2,000
2,000
4,000
1,000
1,000
1,000
1,000
1,000
1,000
20,000
15,000
13,000
20,000
15,000
13,000
64.000
19,000
37.000
71,000
19,000
39,000
1,000
Madras
1905
1904
1903
All others
1905...
1904..1903.--
3,000
5,000
2,000
3,000
5,000
2,000
Total all
1905
1904...
1903--
29.000
6,000
4,000
29.000
V,666
7,000
6,000!
2.000
5.000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts
of 2,000 bales.
Exports from all India ports record a gain
of 23,000 bales during the week and since Sept. 1 show an
increase of 52,000 bales.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now
receive a weekly cable of the movements of cotton at
Alexandria, Egypt.
The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years.
Alexandria, Egypt,
October 4
1905.
1904.
1903.
130,000
222,977
160,000
372,308
195,000
484,146
Receipts (cantarsa)
This week
Since Sept.
1
This
week
Exports (bales)
To Liverpool
To Manchester
To Continent
To America
5,250
Total
9,400
3~,750
400
This
week
Since
Sept. 1.
This
Since
week. Sept. 1.
Since
Sept. 1.
9.659
6,658
19,949
3.056
2,500
12,346
3,492
15,908
3,476
3,500!
6,500
800
35,222 13,300
6,250
4~566
15,994
3,250
17,335
1.100
39,322 10,750
37.679
•
a
A cant ar is 98 lbs.
This statement shows that the receipts for the week were
130,000 cantars and the foreign shipments 9,400 bales.
Our report received by
MANCHESTER
cable to-night from Manchester states that the market" is
Merchants are buying
quiet for both yarns and shirtings.
very sparingly. We give the prices for to-day below and
leave those for previous weeks of this and last year for comparison.
MARKET.—
__
1904.
1905.
SH
32s Cop.
ings,
Twist.
d.
Sep. d.
8 13-16(5)9^
8 8VS
15 8H
22 8 7-16
29 8 7-16
Oct.
6 8H
@9
@9H
®9H
@9H
©9H
lbs. Shirt-
common
to finest.
6
a.
3
2
1
1
6
8.
©9
©9
2
©9
©9
@8 10M
W
8H
Cot'n
Mid
32s Cop.
Up's.
Twist.
d.
5.83
5.56
5.57
5.64
5.74
d
d.
9H
9 3-16
9 3-10
©9%
@9H
<3
9H ©9
8
.
13-16
15-16®9%
5.41 814
@9M
Shin-
Cot'n
ings, common
to finest.
Lp's.
lbs.
d.
5 11
6
s.
Mid
d.
s.
©9
©9
©9
@9
6
6
5
11>£©9
5
11K@9
G.64
6.76
6.82
6.62
5.80
5~62
3
COTTON CONSUMPTION AND OVERLAND MOVEMENT FOR MONTH OF SEPTEMBER.— Below we
present a synopsis of the crop
September for three years.
movement
for the
1905.
1904.
—
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given the last two years:
1903.
Since
Week.
Sept. 1.
5,000
—
aging 78.
Mobile, Alabama.
Rains in the interior early in the week
interrupted picking and damaged open cotton in some sections.
Fine weather later, and gathering progressed well.
There has been rain on four days the past week, the rainfall
being ninety-two hundredths of an inch. The thermometer
has averaged 78, the highest being 88 and the lowest 69.
Madison, Florida.-. There has been rain on two days during the week, the precipitation being fifty hundredths of an
inch.
Average thermometer 73, highest 85 and lowest 62.
Augusta, Georgia. Rain has fallen on one day during the
week, the precipitation being thirty-nine hundredths of an
inch.
The thermometer has averaged 76, the highest being
89 and the lowest 63.
Savannah, Georgia. It has rained on one day the past
week, the rainfall being one inch and twenty hundredths of
an inch. The thermometer has averaged 76, ranging from
64 to 85.
Greenwood, South Carolina. There has been rain on one
day of the week, to the extent of twenty-eight hundredths of
an inch. The thermometer has averaged 73, the highest
being 83 and the lowest 63.
Stateburg,
South Carolina. Cotton continues to open
rapidly, and if fine weather lasts there will be very little unopened remaining in the fields by the 15th. Rain has fallen
lightly on one day of the week, the precipitation reaching
eleven hundredths of an inch.
The thermometer has averaged 74.5, and ranged from 60 to 87.
Charleston, South Carolina.
It has rained to an inappreciable extent on one day of the week.
Average thermometer
77, highest 84, lowest 65.
Charlotte, North Carolina.
Farmers are not disposed to
sell their cotton under ten cents.
Rain has fallen on one day
of the week, the rainfall being six hundredths of an
inch.
The thermometer has ranged from 58 to 86, averaging 72.
1904.
Since
Week.
—
—
MOVEMENT FROM ALL PORTS.—
INDIA COTTON
The
October 5.
— We
lxxxl
[Vol.
Gross overland for September, .bales.
Net overland for September
Port receipts in September
Exports
in
September
-
Port stocks on September 30
Northern spinners' takings in Septe'ber
Southern consumption in September-.
Overland to Canada in September (included in net overland)
Burnt North and South in SeptemberStock at North, interior markets Sep. 30
Came in sight during September
Came in sight balance season
Total crop
Average gross weight of bales
Average net weight of bales
26,452
17,510
987,351
533,317
668,254
122,907
195,000
19,820
15,795
1,070.701
4,262
4,612
674,519
407,552
117,035
151,000
month
of
1903.
9,287
1,716
576,971
256,814
376,155
110,131
147,000
346
"5",
597
3,222
811,687
1,373,847
12,182,994 9,311,999
13,556,S41 10,123,686
514.58
514.71
526.10
492.55
492.10
503.96
10,200
1,322,861
2
Oct.
THE CHRONICLE.
7 1905.]
GOVERNMENT WEEKLY COTTON REPORT.—Mr.
Janice Berry, Chief of the Climate and Crop Division of the
I
nited Stales Weather Bureau, made public on Tuesday
the telegraphic reports on the crop in the Southern States
for the week ending October 2 as follows:
\s a whole, the reports indicate no decided change in the condition of
cotton, as compared with the previous week, a Blight Improvement being
shown in northern Alabama and in portions of Texas, while in other
The
sections of the latter state there has been a Blight deterioration.
Arkansas and
p has suffered from the ravages of insects in Louisiana,
Rains
is,
boll-weevils being numerous in the last-named State.
caused slight damage in Georgia, Alabama, southwestern Mississippi,
and Louisiana, and seriously injured the crop In Florida. With the
exception of heavy rains in Louisiana, southern Mississippi, and Florida,
and showers In portions of Alabama and Georgia, the weather conditions
have been favorable for picking. In the Carolinas, Georgia, Florida,
and Alabama it is estimated that from 60 to 75 per cent of the crop has
been gathered; In Texas, from 55 to 00 per cent; in Mississippi, Louisiana,
and Oklahoma and Indian Territories, from 25 to 50 per cent, and in
Arkansas and Tennessee, from 15 to 33 per cent.
2.").
cotton for Sept. 25 was issued Oct. 3 as follows:
The Crop Estimating Hoard 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 of cotton on Sept. 25 was 71.2, as
compared with 72.1 on Aug. 25 1905, 75.S on Sept. 25 1904 and C5.1 on
Sept. 25 1903, and a ten-year average of 66.1.
The following table shows the condition by States on Sept. 25 in each
of the last three years, with the respective ten-year averages; also the
condition on Aug. 25 1905:
Sept. 25 Aug. 25 Scjil. 25 Sept. 25 10-ycar
Average.
1903.
1905.
1904.
1905.
54
69
61
69
70
Texas
68
70
77
78
76
Georgia
68
67
76
70
70
Alabama
67
77
69
69
Mississippi
68
81
70
69
74
75
South Carolina.
69
66
72
77
72
Arkansas
71
78
68
59
62
Louisiana
74
82
70
77
76
North Carolina
71
83
70
7S
SO
Indian Territory
76
71
81
71
79
Tennessee
72
71
85
SO
S2
Oklahoma
70
72
82
76
77
Florida
86
74
76
SI
82
Missouri
77
74
77
76
82
Virginia
United States
71.2
65.1
75.S
72.1
66.1
The October
1st averages in earlier years for all the States
were, according to the Agricultural Department, as follows:
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
1905-06
1904-05
1 903-04
1902-03
1901-02
1900-01.
1899-00
1898-99
1897-98
1
(Sept. 25) as reported
Area.
Acres.
28,808,415
32,363,690
.28 .995 ,784
27,300,371
27,874,105
.26,534.000
24,175.000
23,175,000
23,029,000
-
by the Department.
Condition
Per cent.
71.2
75.8
Yield.
Bales.
13,556,341
10,123 ,686
10,758,326
10,701,453
10.425,141
9,439,559
11,235,383
11,180,960
65.1
58.3
61.4
67.0
62.4
75.4
70.0
CENSUS BUREAU REPORT ON COTTON GINNED
TO SEPT. 25.— The Census Bureau issued on Monday,
Oct. 2, the following report:
Counting
Round
State or Territory.
United States
Active
Ginneries.
as
Half Bales.
21,387
3,026
812
248
4,366
2,358,031
(a)
Alabama
330,308
9,352
18,864
600 ,21
14,695
44 ,794
98,617
245
121,243
8,825
329,882
Arkansas
Florida
Georgia
Indian Territory
Louisiana
Mississippi
Missouri
North Carolina...
Oklahoma
South Carolina
Tennessee
Texas
320
1,261
2,304
18
2,087
220
2,713
241
3,739
3 ,255
777,446
293
Virginia
32
a Includes 72,196 round bales.
No report for corresponding date in
1904, and comparative statistics not available.
SHIPPING NEWS. — As shown
on a previous page, the
cotton from the United States the past week have
exports of
reached 197,126 bales. The .shipments in detail, as
from mail and
1' graphic returns, are as follows:
ANNAH— To
Bremen—Sept. 29 •Steamer West Point.
Sep. 30— Steamer Habenlels, 8,602
Oct.
Oct. 4 Steamer Anglo- African,
Steamer Usher, 4,650
33,732
10,219
Sept.
To Hamburg— Sept. 29 Steamers Inverness, 012
30— Steamer Habenlels, 500..Oct2. Steamer l'sher,200. 1,312
Oct. 4
To Riga -Sept. 30— Steamer Kabenfels. 100
500
Steamer Anglo-African, 400
To St. Petersburg— Sept. 29— Steamer West Point, 2,400...
Oct. 4 Steamer
Sept. 30— Steamer Kabenfels, 100
4 ,050
An glo- A Mean 1 ,550
Oct.
To Gothenburg— Sept. 30 Steamer Kabenfels, 300
2
Steamer l/sher, 100
400
100
To Malmo— Sept. 30— Steamer Kabenfels, 100
West
Point,
800
Sept.
Steamer
30
Reval
Sept.
29—
To
Oct. 2 Steamer Usher,
Steamer Rabenfels, 450
6,125
Oct. 4 Steamer Anglo-African, 1,075
2.800
200
To Norrkoping Sept. 29 Steamer West Point, 200.
100
To Bergen— Sept. 30 Steamer Kabenfels, 100.
4,550
To Barcelona- Sept. 30—Steamer Marianne, 4,550
1,500
To Trieste Sept. 30—Steamer Marianne, 1,500..
200
To Venice Sept. 30 -steamer Marianne, 200
1,100
To Flume Sept. 30 Steamer Marianne, 1,100
To Liverpool— Sept. 30—Steamer Lincairn,
1,563
1,563
1,898
To Manchester Sept. 30. .Steamer Lincairn, 1,898
6,511
To Bremen Sept. 30 Steamer Queen Louise, 6,511
400
To Reval Sept. 30 Steamer Queen Louise, 400
Str. Nyanza, 13.615.. 13,615
To Liverpool— Oct.
9,660
To Bremen— Sept. 30— Steamer Nyassa, 9,660
To Liverpool— Sept. 26— Steamer Winifredian, 830..
Steamer DeSteamer Sylvania, 792
Oct.
Oct.
vonian, 840
2,462
812
To Manchester Sept. 29 Steamer Bostonian, 812
29
Steamer Prince George, 300
300
To Yarmouth Sept.
29
Steamer
Livterpool
Sept.
Vedamore.
BALTIMORE To
1,515
1,515
200
To Bremen Oct 4 Steamer Darmstadt ,200
To Hamburg Sept. 29 Steamer Abessinia, 700
700
PHILADELPHIA— To Liverpool—Sept. 29—Steamer Haverford, 1,884
1,884
To Manchester Sept. 5 Steamer Manchester Commerce,
s.W
10,271
—
—
,
—
—
—
—
—
— — —
—
Liverpool, per steamers Bovic. 3,944
To Hull, per steamer Idaho, 101
To London, per steamer Minneapolis, 1.038
To Havre, per steamers Bordeaux, 13
La Oascogne, 717..
3,944
To MarseC
tier Perugia. 30_
To Bremen, dct steamer Grosser Kurfuest, 3,592..
To Antwerp, per
Indrew, 200
To Venice, per steam<-r Gertv, 453
To Trieste, per steamer Gertv, 300
NEW ORLEANS—
To Liverpool— Oct. 6 Steamer Nicaraguan,
30
3,592
200
453
300
—
...
GALVESTON—To Liverpool—Oct. 3—Steamer Civilian, 21 ,331.
BOSTON—
—
3—
3—
2—
—
—
—
—
—
—
—
— —
—
—
—
—
.
350
PORTLAND, ME.— To
350
8—Steamer
Liverpool—Sept.
Welsh-
man, 638
638
197,126
Total
The
particulars of the foregoing shipments for the week
arranged in our usual form, are as follows:
Great French GerOth. Europe
Mexico,
Britain. ports,
many. North. South. &c. Japan Total.
New York. 5,083
200
760 3,592
753
10,388
NewOrle'ns 2,000
2,000
—
—
Galveston .42,109 19,245 6,631
Mobile
3,502
"".".".
13~,846
Pensacola
3,603
425
Fernandina
Savannah
67,985
3,502
17,449
35,044 10,475
.
Brunswick. 3,461
Wilmingtonl3,615
Boston
3,274
Baltimore . 1,515
425
52,869
10,372
23,275
3,574
2,415
2,234
638
7,350
400
6,511
9,660
300
"566
"II
Philadelp'ia 2,234
Portl'd, Me
638
Total _.. 81, 034 20,005 76,609 11,075
300
8,103
197,126
The exports to Japan since Sept. 1 have beea 2,059
bales from Pacific ports.
Cotton freights at New York the past week have been
as follows:
Liverpool
c.
Manchester
c.
c.
c.
c.
c.
Havre
Bremen
Man.
Sat.
15
Tues.
15
1714
15
17"^
ny
20
2
Wed.
Thurs.
Fn.
15
15
17H
17
25
25
25
15
17
21@22J^ 21@22H
22
25
20
22
25
20
25
25
25
20
20
25
25
25
20
24
32
35
25@26
25@26
25@26
25® 26
25® 26
32
35
30
30
32
35
30
32
35
30
32
35
30
18
18
18
30
Japan, v. Suez.c.
40
Quotations are cents per 100
30
40
32
35
30
18
30
40
Hamburg
Antwerp
Ghent, v. Ant.-c.
Reval, indirect. c.
Reval, v. Canal. c.
Barcelona
c.
Genoa
c.
c.
Trieste
20
25
18
30
40
18
18
30
40
30
40
lbs.
—
LIVERPOOL. By cable from Liverpool we have the following statement of the week's sales, stocks, &c, at that port:
Sales of the
week
Sept. 15.
bales. 39,000
Of which exporters took. . 2,000
Of which speculators took 3,000
Sales American
33,000
Actual export
2,000
Forwarded
57,000
Total stock Estimated
685,000
Of which American— Est. 620,000
Toal import of the week... 36,000
Of which American.
14,000
Amount afloat
152,000
Of which American
126.000
—
The tone
h
day
Sept. 22.
Sept. 29.
Oct. 6.
36,000
2,000
1,000
32,000
8,000
57,000
672,000
609,000
51,000
37,000
153,000
133,000
49,000
1,000
2,000
41,000
9,000
47,000
661,000
591,000
45.000
32,000
54,000
2,000
2,000
47,000
7,000
75,000
660,000
505,000
81,000
75, 000
187,000
155,000
181 ,000
153,000
market for spots and futures
week and the daily closing prices of
of the Liverpool
of the past
101
2,000
21 ,331
19,245
Schaumbfrtr. 2.456
MOBILE— To Liverpool— Oct. 6— Steamer Roma. 3,502
PEN8ACOLA—To Liverpool— Oct. 3—Steamer Ida. 3,603.
To Bremen— Sept. 30— Steamer August Belmont, 18346 .FERNANDINA— To Hamburg— Sept. 25—Str. Inverness.
425..
-
.
Saturday.
Monday.
Quiet.
Fair
business
Market,
—
To Hamburg— Sept. 30— Steamers Inchmaree, 4,175
Spot.
Tuesday.
Wed'day.
\
Thursday.
Friday.
I
To Man'
30 -.Steamer Asuncion de Larrinaga, 12,086
To Belfast—Sept. 30—Steamer Carrlgan Head, 7,812..
7,812
To Havre— Sept. 30 Steamers Logician, 9,101
Monad-
.
—
—
—
WILMINGTON—
spot cotton have been as follows:
'
nock, 10,144
2—
—
—
made up
NEW YORK—To
2,000.
.
1127
THE AGRICULTURAL DEPARTMENT'S REPORT BRUNSWICK—
— The Agricultural Department's report on
FOR SEPT.
—
condition on Oct.
—
.
.
6,631
3,502
8,603
13,846
Moderate
Modi
demand
demand
5.71
5.64
5.01
5.41
5.49
5.41
0,000
BOO
10,000
8,000
10.000
10.000
8,000
.Mill
600
500
500
Mld.Upl'ds
Sales
Spcc.Acxp
futures.
Mnrkr-t
Market,
4
P.
Quirt at
1
I
i
\
M.
J
Fair
business
dolnn
air
doing.
P. M.
opened.
I
li
pt.s.
decline.
Steady at
1<»2 pts.
advance.
Barely st'y
Kasy at
at6@8pts.
8f-;,l0 pte.
decline.
decline.
rate
Kasy at
Barely m'v
13(3 it pte
advance.
decline.
business
doing.
liirely st'y Irregular at
unch. to
pt.
ndv
lUlel
unch. to
pt. adv.
1
i
1
dei line,
nt
Pta.
advance.
l
6<a>8
decll
na'y st'y at
11m
I
decline.
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stati d.
The
below.
1 1
THE CHRONICLE.
28
The prices are given in pence and
means 5 63-100rf.
Mon.
Sat.
Sept. 30
12M
p.m
d.
September
Sept .-Oct
Oct .-Nov
.
12'
p.m. p.m. p.m. p.n
12 1
1
i
d.
4
i
d.
).rn,
12'.
p.m
Thurs.
4.
Oct.
3.
4
'i.iii
d.
Oct.
12K-
Fri.
Oct. 6.
5.
4
12^
4
p.m p.m. p.m. p.m.
d.
..
52
.-.l
33
33
.
til
r>;
55
3i
12
67
61
58
41
70
ti;
61
If
46
49
72
til
46
51
71
6S
63
65
67
68
72 5 60
48
50
52
52
53
55
725
535 58
May -June.
June- July..
.
51
.,.
75
77
5 77
5 78
7(1
71
7(1
38
38
$2 50
3 05
3 20
3 30
Clears
3 50
Straights
4 00
Patent, sprint,'.. 4 65
33 5 30
33 5 30
38J5 34
415 37
11.-. 40
46J5 42
Wheat, per bush
5 44
5015 46
Oats -Mixed,
•18
525 4S
r.ti
57
JUTE BUTTS, BAGGING, ETC.— The
53'5
49
545 50
market
for jute
bagging has been extremely dull during the week, with prices
nominally unchanged at
c f° r I'M lbs. and 6J^c. for 2 lbs.
standard grades. Jute butts also dull at
for
paper quality and 2(5)2^ c. for bagging quality.
6%
-
\%@\%c
BREADSTUFFS.
Friday, Oct. 6 1905.
Business in the market for wheat flour has been quiet:
Buyers as a general rule are still moderately well supplied
through their old purchases and are inclined to hold off follower prices before re-entering the market for supplies of
importance. In some instances mills have yielded slightly
in their ideas of values, but they are still above buyers'
views.
Rye flour has had a moderate sale at steady prices.
Buckwheat flour has been in limited demand and steady.
Corn meal has been quiet but steady.
Speculation in wheat for future delivery has been on a
limited scale and only slight changes have occurred in prices.
Immediately following our last review, under free offerings of
wheat, particularly from the Northwest, prices declined.
Monday there was a recovery in prices, unexpected buying,
partially for foreign account, developed, and the market
turned firmer. There was no news from the foreign markets
to encourage buying, they generally being reported easier,
and the export movement from Russia and the Danube conDuring the mid-week, prices again yielded.
tinued heavy.
The movement of the crop in the spring-wheat States and in
Canada continued on a liberal sale, inducing fairly free
selling.
The fact that the export demand had fallen to very
moderate figures also operated against values. On Thursday
the market again turned firmer on reports that fair export
sales of wheat had been made to Germany.
To-day the
market was fairly active and higher on stronger foreign
advices and a good export demand, exporters being fairly
free buyers in the cash markets.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.
No. 2 red winter
f.o.b.
December
May
fine
Superfine
Extra, No. 2
Extra, No. 1
<«,S3
<</,
3
00
I
16
r«,
3 25
"<
3
&
00
4 40
<>,
5 56
@
W
89
89J^
89
DAILY CLOSING PRICES
89
89
88%
88H
88%
M
H
89% 89%
OF WHEAT FUTURES
delivery in elevator. 88
delivery in elevator
88%
Sat.
Mon.
83%
85%
84%
Tues.
89
89
8954
89
%
89% 89%
IN CHICAGO.
Wed. Thurs. Fri.
84% 84% 84% 85%
May
86
85% 85% 85% 86%
Indian corn futures have been quiet and there has been a
slight yielding in prices for the near-by deliveries. The crop
prospects have continued promising, a record-breaking crop
December
delivery in elevator.
delivery in elevator
of durable quality being assured.
The movement of oldcrop corn to market has been on a fairly liberal scale, farmers
being willing to part with their remaining stocks now that
the new crop is assured, and this has been reflected in freer
offerings of near-by deliveries.
Prices for spot corn have
been weaker, and during the latter part of the week exporters were moderately free buyers at the lower prices
quoted. To-day the market was firmer in sympathy with
the advance in wheat values and on shorts covering.
The
spot market was firmer but quiet.
DAILY CLOSING PRICES OF NO.
Cash corn
December
f.o.b.
delivery in elevator.
in elevator
delivery in elevator
January delivery
Patent, winter.. $4
city mills, patent 6
Rye flour, s'fine. 3
Hii.k heat flour 2
50
00
85
25
Cajii
4 50
2 35
Corn meal
Western, etc.. 3 05
1
3 10
3 10
Brandywine
I
75
5 50
GRAIN.
60
60
Dec .-Jan...
Jan .-Feb..
Feb .-Mar .
Mar.- Apr .
Apr .-May
July-Aug
Oct.
arc closing quotations:
FLOUR.
Wed.
Tues.
2.
The following
5 63
..
Nov .-Dec
Oct.
Thus. 5 63
100th.
Vol. LXixi.
2
MIXED CORN
Sat.
Mon.
Tues.
59
59
52%
51%
49%
48%
58%
52%
49%
49%
IN
NEW YORK.
Wed. Thurs. Fri.
58H
52%
49%
48%
58%
52%
60
53
Corn, per bush
c.
!I0%
N. Dul., No.
N. Dul., No. 2..
Red winter, No. 2
f.o.b.
»7%
89%
Hard
f.o.b.
90y.
32
33
36
1
"
l.usli
White
No. 2 mixed
No. 2 white
(n
32%<§
c.
Western mixed.
No. 2 mixed
55
So. 2 yellow
No. 2 white
Rye, per bush
W 'tern
Slate and Jersey
Barley Western..
Feeding
—
Nominal.
Nominal.
GOVERNMENT WEEKLY
son
59H
60%
<&
f.o.b.
f.o.b.
f.o.b.
<i()'A
%
@
67
::,
Nominal.
46
60
@
39
14
REPORT.-
GRAIN"
-Mr.
James Berry, Chid of the Climate and Crop Division of the
United States Weather Bureau, made public on Tuesday
the telegraphic reports on the grain crops in the various
States for the week ending October 2, summarizing them as
follows:
—
CORN. Highly favorable weather prevailed throughout the principal
corn States. An exceptionally large and fine yield of corn is now assured
over much the greater part of the corn belt, and only a very small part of
the crop in the north-central portion, estimated at from 2 to 5 per cent
of the total, remains exposed to injury from frost, and this is maturing
rapidly.
The crop in Missouri was extensively blown down or lodged,
but notwithstanding this and the damage by September floods the yield
n that State will be heavy.
—
Exports of Grain and Flour from Pacific Ports. The exports of grain and flour from Pacific ports for the week ending
Oct. 5, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 13,000 bbls. flour;
to various Pacific ports, 330 bbls. flour; from Puget Sound
to Pacific ports, 22,767 bbls. flour.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1 comparison being made
with the corresponding period of the previous year.
Con
Wheat,
Flour.
Oats,
BarUy,
Exports
liyc,
—
,
bbls.
from
San Francisco. 144,724
Puget Sound.. 181, 306
63,200
Portland
bush.
bush.
34,500
77,452
18,530
9,443
28,905
965 1.162,700
420
17
389,230
577,651
111,052
397,218
27,973
4,647
29,870 1.163,120
974
619,087
283
Total
Total 1904
bush.
bush.
bush.
17
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from figures collected by
The receipts at Western
the New York Produce Exchange.
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
Flour.
Receipts at-
Corn.
Wheat.
Rye.
Barley.
Oats.
196lbs.\tmsh.m lbs. bush. 56 lbs. bush. 32 lbs. bashASlbs. bu.b&lb*.
574,000
2,009,408
2,944,447 1,102,749
193.535
202.910!
7&3.750
106.925
352,000
50,350
215,800
2S.000
H4.0S5
452.560
893,714
2,5S6,846
21,180
135,000
•i2.8S0
580,510
3.415,400
18,590
1,013,360
20,400
22.300
117,000
71,000
111.144
65.326
117,900
7.000
157.789
400
1.572
24,746
32,934
OS, 080
613,636
443.065
350.150
28,018
6,000
11.200
10,400
260,000
328.100
S4.000
32,250
115,200
1.276,000
266,000
bbls.
Chicago
Milwaukee
Duluth
..
Minneapolis
Toledo
Detroit
Cleveland .
St. Louis
Peoria.
Kansas City.
553,737
494,604
468.524
9.035,354
8,115,304
7,267,959
3,290,427
2,556.922
4.625,470
3,612,419
3.152,761
3,326,733
54,519,874
54,658, 2S3
49,205.959
33.06S.706
31.207,692
36,699,928
Tot.wk.'05
Same wk. '04
Same wk. '03.
Since Aug. 1.
1905.
1904
1903
5.708,950
4,816,819
3,931,022
3.473,141
4,132,138
3,176,001
388,000
232,594
239,094
54,621.620 13.587,080 1,621.871
48,398,617 13,926,000 1,605,354
31.392.310 12.S5P.207 1,490, 1S1
Total receipts of flour and grain at the seaboard ports for
the week ended September 30 follow:
Corn,
Barley,
Rye
Flour,
Oa ts
Wheat,
Receipts
bbls.
at-
NewYork
184,102
48,282
1.444
57,63d
73,333
3,285
3,087
Boston
Portland
Philadelphia
Baltimore
Richmond
Newport News
Mobile
New Orleans..
GalvestonMontreal
1.715
15.100
bv.sh.
177.100
1,613
66,542
65,317
93,439
33,214
155.000
51.8. 400
-
31,127
533,796
busk.
busk.
901.800 1.300.700
246,058
237.480
9i;685
53,480
9,988
4,500
39.200
2.S00
270,359
503,772
576,209
40,288
bush.
busk.
90.000
6.825
800
719
58,694
2.514
750
53.200
3,600
155.491 199,120
50%
419,110 1,644,421 1.611,292 2,880,068 289,920 6S.752
Total week
May
49%
49% Week 1904
-. 279.164
461,113
949,490 1,661,919 56.085 20.S54
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Total receipts at ports from January 1 to September 12 comSat.
Mon. Tues. Wed. Thurs. Fri.
October delivery in elevator... ... 49% 49% 49% 49% 50%
pare as follows for four year-:
December deliverv in elevator. 43% 43% 43% 43% 44
44'<
1902.
1903.
1904.
1905.
Receipts oj —
May delivery in elevator
43% 42% 43% 42% 43% 43%
15.818,550
15,771.883
bbls.
12,912,944
8,695,640
Flour
Oats for future delivery at the Western market have re99.480.772
75,070,292
12,S48,849
bush. 23,079,902
ceived only a limited amount of speculative attention, and Wheat
13,478,800
79,222,791
77.535.9S6
41,586,507
Corn
39,041,021
40,336,56?
35,685,848
46,053.775
there has been a fractional yielding in prices.
The move- Oats
1.652.716
2,596.401
2,415.751
5,638,576
Barley
3.298,911
3,484,251
ment of the crop has continued on a liberal scale, and stocks Rye
62S.885
6S3.753
at the primary markets are reported as large.
The export
113,165,840 200,710,304 156.932.220
153,591,092
Total grain
business has been limited.
It is reported that Canada has
from
he
several
seaboard ports for the week
t
exports
The
been underselling the American markets, and therefore doing
last Saturday are shown in the annexed statement:
ending
most of the export business. To-day the market was
Peas
Barley,
Rye,
Corn,
Flour,
Oats,
Wheat,
firmer on an active demand from exporters, fairly large sales
bush.
bush.
bush.
bbls.
busk.
busk.
bush.
Exports pom-—
5.4S3
66,658
339,950 62,853
596,554
16,243
NewYork.
being reported in the spot market to shippers.
1.444
66.542
Portland
500
DAILY CLOSING PRICES OF OATS IN NEW YORK.
249,249 18,749
100.000
---Boston--94.285 23.934
180.000
60.000
Philadelphia
Sat.
Mon. Tues. Wed. Thurs. Fri.
330,000
25,714
173.971
42,987
72^00
Baltimore
No. 2 mixed...
f.o.b. 33
33% 33% 33
3.3
33
--.--;=
Newport News
5-9§Z
No. 2 white, clipped
f.o.b. 33%
34
34
33% 33% 3.3%
102
o,699
2,250
1.680
40,000
NewOrleans
5,100
5.650
6,000
1SO.00O
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO. Galveston
169.S53
129,535
311,898
20,630
59,949
277,855
Montreal
Sat.
Mon. Tues. Wed. Thurs. Fri
750
4,500
1.715^
Mobile..
October delivery in elevator
27% 27% 27% 28
28%
December deliverv in elevator. 28
6,0>".
27% 27% 27% 28% 28%
712.640 1.180.633 186,748 1,385,407 85.663 196.193
Total week
4.996
46,799
227,143
May delivery in elevator
759,532 111,638
29% 29% 29% 29% 30% 30%
Same time 19041. .147.973
...
50
49
_
—
.
Oct.
is
1
and since
\\>vk
of these exports for the
as below:
Wheat
Flour
-foir-
Since
H
S'x ports
arul since
Julu
July
1
rmt«l Kiimdom
'<
-
1905.
bush
BIO. 185 380,397 3,748,675
[,551,941
350,129 3
bush.
681,064
170.115
bbls.
80.796
.-
\V,ek.
.Sro/. 30.
bush.
1
1905.
bbls.
40,031
14.201
29,970
[ndlea
6.750
Urlt. No. Aiiut. Ool'ea
Other Countries
continent
So. and Cent. America
Julu
IIY.A
Sent. 30.
,,;..
Sept. SO.
ft
1
l.ss,il:;(i
S,
"IS
276,373
39.787
34.837
1
J 1904
./://(/
1|
bush.
7.472.677
8, 167,128
104.545
341,322
37.917
180
1.374
6 700
l
186.748 1.699,947 71'.'. 040 5,300,634
111.638 1.780,890 147.073 4,665,916
Total
1, 180.633
I
J
1,398
1,337,987
8,029,174
supply of grain, comprising the 81 ocks in
granary at the principal points of accumulation at ike and
seaboard ports, September 30 1905 was as follows:
The
visible
Corn,
W>:
bush,
"
."-.02.000
Oats.
Barley
/,'/<
,
290,000
bush.
1.740.000
100.000
16.000
72.000
00.000
1,167.000
1.015.000
100.000
bush.
15,000
bush..
20.000
afloat
Boston
Philadelphia
Halt Imore
Orleans
Galveston
Montreal
Toronto
Uuilalo
350.000
199.000
340,000
210.000
553,000
61.000
9.000
337.000
Oi'666
1~42.666
283".6O0
sYs.666
2S2.000
551.000
168~600
L,869",660
86~66o
217.000
33~,666
116,666
fssT.ooo
3,503.000
,246,000
4.723.666
32o",666
229.000
44~066
153.000
S5.000
afloat
Toledo
afloat
"
V.666
-
Detroit
-
afloat
Chicago
afloat
Milwaukee
"
192",666
"
"f.666
7~666
m.ooo
afloat..
Ft. William
Pt. Arthur
1,397.000
532.000
2,285.000
3,000
1,612.000
156,000
1,557,000
Minneapolis
St. Louis
1,674.000
1.S19.000
72.HOO
11.000
2,232.000
559,000
48.000
28,000
581.000
5.00
Peoria
Indianapolis
1,257.000
1,000
422.000
82"666
23.000
36.000
9l"666
1,079,000
63,000
1,000
1,673.000
12S.000
1,915.000
163.000
329,000
643,000
17.000
640.000
177.000
Total Sent. 30 1905.. 17.905.000
Total Sept.
1905..16.251.000
Total Oet.l 1904
17.565.000
19.4S9.00O
•Total Oct. 3 1903
Total Oct. 4 1902... 25, 624.000
5,774.000
5.356.000
5,979.000
9.090,000
3.075.000
18.S70.000
17,378,000
20,015.000
6.453.000
8,344,000
1,301,000
1,035,000
1,400,000
884,000
1.154,000
:;, 942,000
2,719.000
4,144.000
3.347.000
2.707.000
Duluth
afloat
"
afloat
Kansas Citv.
On
"l'OOO
Mississippi River. __
On Lakes
On Canal and
River...
n
Xew York, Friday, Oct. 6 1905.
Since the publication of the Government report on the
condition of the cotton crop early in the week, there has
been a decided disposition on the part of cotton goods'
buyers to hold off from the market temporarily until they
have had an opportunity of judging what the effect of the
subsequent decline in the cotton market is likely to be.
This has resulted in quieter conditions during the latter part
of the week following upon a period of considerable activity
during the early days. While there are some who believe
that the break in cotton will result in lower prices for goods,
this view is generally ridiculed by sellers, who state that the
statistical position is such that buyers cannot possibly hold
off for more than a very short time; that it would take a very
serious decline in the price of cotton to materially affect the
price of goods, and that from present indications the chances
favor a further advance rather than a lowering of values.
In the majority of cases goods are sold so far ahead that
>( Hers are in a very independent position, but it is possible
that if buyers refuse to enter upon new commitments for
some time, certain second-hand dealers may weaken and dispose of their goods at a reduction.
This, however, is not
likely to affect the general market.
Some further sales of
goods for export have been reported during the week, but
the movement has not developed to any great extent, and
the decline in cotton has prevented the consummation of
business that was under negotiation.
Woolen and worsted
dress goods have been fairly active during the week and
further advances are being seriously considered.
DOMESTIC COTTON GOODS.— The
exports of cotton
goods from this port for the week ending Oct. 2 were 3,322
packages, valued at 8214,395, their destination being to the
points specified in the table below:
1905
190-1
Since.
Week. Jan.
China
India
15
95
550
Arabia
Africa
West Indies
910
732
95,609
11,540
19.7K7
Since.
Week. Jan. 1.
868
47
623
5
601
69,800
5,'',7*>
...
2
14.S57
2,231
13,400
45.542
13,258
199
38
314
609
524
14,938
1,730
10,894
4n
16,157
3,322 235,185
2,339
184,265
Mexico
75
731
26
Central America
343
South America
Other Countries
1,478
75
Total
1.
8,5.50
23,620
1129
have been made for export, and certain exporters have
had sufficient faith in the future to place orders as far ahead
It is claimed that bleached goods handlers
as August 1900.
have practically no supplies on hand, and whenever sellers
arc able to obtain anything like prompt delivery they are
Coarse, colored cottons arc exforced to pay top prices.
ceptionally well sold ahead, and advances in both ticks and
denims have been recorded during the week. There has
been a bitter demand for linings, which are firmly held.
Napped goods are selling well and continue firm. Certain
lines of ginghams have again been advanced and higher prices
are being freely talked of for both staple and fancy prints.
WOOLEN GOODS.— While
many
lines
1
have taken such
large quantities of imported woolen and worsted dress goods
that foreign agents have for the most part booked as many
orders as they can readily handle.
Silks are beginning to be
purchased more freely. Ribbons are steady and in moderate
demand. Activity still continues in all lines of linens,
crashes particularly showing improvement.
Burlaps are
extremely scarce and at high record prices.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry
goods at this port for the week ending Oct. 5 1905, and
since January 1 1905, and for the corresponding periods
of last year, are as follows:
K
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8.130
The value of these Xew York exports since January
bae
been $12,682,688, against 311,110,483 the previous year.
One of the principal features of the week has been the reported purchase of a large quantity of print cloth regulars
said to be 200,000 pieces —at 3%c, an advance of %v. over
previous ruling quotations.
This is thought to indicate an
advance in other lines into which these goods enter. Converters have been fairly active buyers of heavy sheetings,
and, while they are less anxious to operate ahead, yet business has recently been transacted for delivery as far ahead
as January and February of next year.
Sales of 3-yard
and
of woolen
worsted dress goods for spring wear have been opened and
already sold up, yet the bulk of the business from cutters-up
still remains to be placed, and during the past week there
From
has been decidedly more activity in this direction.
the fact that duplicate orders for heavy-weight dress goods
favored woolens rather than worsteds, it is anticipated that
woolen goods for spring wear will be much more freely purchased than was the case in the men's wear end of the
market. This is attributed partly to the fact that woolens
lend themselves better to the effects and the general run of
Broadcloths have proved expiece-dyes worn by women.
ceptionally popular, as is evidenced by recent advances,
duplicate orders for these and for covert cloths having been
As far as colors are concerned,
received in large volume.
greys still remain in favor, but the latest tendency has been
towards plums, garnets, reds and greens. Suiting fabrics
have been mostly taken in quiet effects, and in this section
of the market men's wear styles have been freely purchased.
Batistes, panamas, cashmeres and similar goods are also
very well placed. The price question continues to create a
good deal of interest, and all authorities concede the necessity for advances during the coming new season in the primary market, some placing these as high as 20 per cent.
There has been little new in the men's wear end of the market during the week, but duplicate orders are being received,
and are mostly for goods that are already pretty well sold up,
and in some instances will not be able to be filled.
FOREIGN DRY GOODS.— Jobbers
THE DRY GOODS TRADE.
Great Britain
Other European
©
,
drills
I
Now York
—
1
THE CHRONIOLE
7 1905.
The destination
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THE CHRONICLE
1130
Page.
Name.
793. -Cleveland, Ohio
793. -Cleveland, Ohio
793. .Cleveland, Ohio
929. -Cleveland, Ohio
1132. .Cleveland Jlfcig'ts,0.(2ie)
*Qhz Chronicle.
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Post
Office
It.
DANA COMPANY,
Publisher*,
Pine Street, Corner of Pearl Street,
NEW
Box 958.
YORK.
MUNICIPAL BOND SALES IN SEPTEMBER.
The municipal bond market continues
quiet
and with-
out feature. According to our records, $9,902,390 of such
securities were issued, not including $11, 406 ,682 of temporary loans, $2,910,390 Canadian issues and $1,500,000 general fund bonds of New York City.
Large disposals
were few in number, the more important being $1,000,000
by the Chicago Sanitary District, $643,000 by Cleveland,
Ohio, $500,000 by Newark, N. J., $448,000 by New Haven,
Conn., $430,000 by Norwich, Conn., and $300,000 by Rockland County, N. Y.,
The number of municipalities emitting bonds and the
number of separate issues made during Sept. 1905 were 208
and 321, respectively. This contrasts with 245 and 344 for
August 1905 and with 215 and 260 for Sept. 1904.
For comparative purposes we add the following table,
showing the aggregates for September and the nine months
for a series of years.
Month
of
September.
1905
1904
1903
1902
1901
1900
1899
Month
For the
Nine Mos.
89,902.390 $142,299,305 1998..
10,694,671
197.921.657 1897
8,762.079
111,745,993 1896
9,179,654
117,678,855 1895
14,408,056
99,324.001 1894
4,033,899
97,194,441 1893
7,201,593
95,026.437 1892.
of
September.
5 $6,173,665
9,272.691
3,693,457
11,423,212
8.249,347
3,885,137
6,242,952
For the
Nine Mos.
$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 $9,902,390 issued by 208 municipalities.
In
the case of each loan reference is made to the page in the
"Chronicle" where an account of the sale is given:
SEPTEMBER BOND SALES.
Page.
Name.
1060.. Adair Co., Mo
Akron,
859..
Ohio
1131. Alice Sch. Dist., Tex
1131.. Antigo, Wis.
1000. Arizona
1060.. Ashland, Pa
1000.. Baker City, Ore...
860.. BallstonSpa. N. Y.
929.. Bartlesville, Ind. Ter
860.. Bay St. Louis, Miss
929.. Bee County, Tex
1060.. Bee County, Tex. (2 is.).
1131. Belle River, Minn
1000.. Beloit, Wis
1000.. Bemidji Sch. Dist., Minn.
1060. Bemidji, Minn
929.. Beresford, S. D. (2is.)___
929.. Beresford Sch. Dist., S.D.
1000- Bethel Sch. Dist., Cal
1000.. Booneville, Miss
1131. .Brewer, Me_.
860.. Bridgeton, N. J
1060.. Brockton,
Mass
1060.. Broken Arrow, Ind. Ter..
1000.
113t.
1000..
929..
860..
860..
860..
1000.
1000929..
5
1906-1910
1906-1924
1915
1920
dl910-1925
dl915-1925
5
4
5
5
5
5
5
5
4
4
ZVz
..
..
Carthage Sch. Dist., Mo..
Cass County, Ind
Cass County, Ind
Ceylon, Minn
Charitan County, Mo
Chelsea, Mass. (3 is.)
Chicago San. Dist., III..
1.990
"""
19,000 1B0
1,500
100
12,000 100.416
5,000 101
10,000 J/105.60
7,000 101.50
4
Buena Vista
Butler, Pa
Co., la
lWf>-T939
1925
1915
5
•
1925
1925
1925
1906-1915
1925
dl915-1925
1906-1925
4
•dl915-1925
1907-1917
6
1906-1915
4)4
6
1915
1908-1925
6
4
1907-1924
4
•
•
•
•
Price
$17,000 103
31,500 105.70
15,000 100
15,000
25,000 yl66~~~
12,000 100
10,000
"~
90,000
100
17,000 2/104.448
5,000 101
1921-1925
dl925-1955
1908-1915
5
3.7
Brookhaven, Miss
Mo
Amount.
1912-1915
4
4
5
5
4}4
929.. Brookfield,
Maturity.
1908
Rate.
5
4)4
5
4
8,500
2,000
10,000
27.000
15,000
20,000
7,500
3,600
10,500
30,000
40,000
30,000
17,783
3,200
3,900
180.000
65.000
250,000
1750.000
f
Vol. lixxi
103.235
100.90
101.27
102.79"
"
IO2"
101.833
100
103.70
102.319
100
100
104.277
100.557
100.56
100.10
1060.
1132.
1060.
860.
1132.
1132.
1061.
1132.
930.
1061.
1132.
1132.
1132.
Hale
4
4
.Cleves, Ohio
-Clover, Minn
-Cohoes, N.
4
4
4)4
5
6
4
Y
.College Park San. D., Cal. 6
.Columbia, Mo
.Columbia, Mo..
.Columbus, Ohio
.Columbus, Ohio (13 is.)..
.Columbus Grove, Ohio
-Crawfonlsville, Ind
4)4
4)4
4
4&4)4
5
191 5-1914
4
al921
1906-1912
1907-101)
1907-1911
1907-1912
1906-1909
1910
1906-1915
1906-1911
-Creston, Iowa
6
.Cuyahoga Co., Ohio
5
.Cuyahoga Co., Ohio
5
1132 .Darke Co., Ohio
6
1132. .Darke Co., Ohio
5
1132. .Darke Co., Ohio
5
1001. .Delaware, Oliio
..5
1001. .Delaware, Oliio
5
1132. .Denver, Colo. (2 is.)
6
1132. .Dexter Sch. Dist. No. 8,
New Mexico. _
1133. .East Palestine, Ohio
1001. .East Waynesburg, Pa ..
930. .Eaton, Ohio
861- .Ehnwood Place, Ohio
861. .Fayette, Ohio (2 is.)
861. -Fork Sch. Dist. No. 26,
S.
C
861. .Fostoria Ohio (5 is.)
1061. .Framingham, Mass
1061. .Franklin, Tenn
1061. . Franklin ville, N. Y
1061. .Fremont, Ohio
861. .Friar Point, Miss
1061. .Gaylord, Minn
1061. .Geauga County, Ohio
1001. .Genoa, Ohio
1001. .Gilroy.Cal. (4 is.)
930. .Glendale, Ohio (2 is.)
1061. .Grand Saline. Tex
1001. .Grenada, Miss
861. -Hamilton County, Ohio..
1133. -Harrison Twp., Ind
931- .Hartford So. Sch. Dist.,
—
Conn
1062_ .Haverhill, Mass
1062. .Haywood, Wis
1001. .Henry Co., Ohio (2 is.)..
1133. .HethTwp.,Ind
931. .Hollywood, Cal
931. .Holyoke, Mass. (2 is.)...
1001- -Hornellsville Sch. Dist.
No.
7,
Y
N.
1001. .Houston, Miss
931- .Isabella Sch. Dist., CaL.
1001-—Jackson, Mich. (2 is.)
1062. .Jackson, Mich.
1001- .Jackson, Tenn
1001. .Jasper County, Ind
1001- .Jasper County, Ind
1002. .Jerry City, Ohio
1002. .Jersey Shore, Pa
861. .Johnstown, N. Y
1133. .Kennedy Heights, Ohio..
861. .Kenton, Ohio
861. .Kenton, Ohio
861. .Kenton, Ohio
931- .Kerkhoven, School Disttrict,
Minn
Maturity
1916
1914
1020
1920
1907-1916
1915
1920
1906-1923
1906-1925
t/1910-1925
e/1910-1920
a 1934
(/1916-1936
1910
6
5
5
1906-1935
1906-1915
1906-1911
6
5
5
6
4)4
A
4A
3
l
l
4
4)4
5
5
1925
1923
al922
dl925-1935
1911-1914
1906-1915
1906-1925
1915
a 1907
1910
6
6
1906-1939
1910-1917
dl915-1945
5
4
5
5
4
4)4
(/1910-1925
1930
3A
1955
1906-1915
1907-1912
1906-1914
4
5
4)4
4A.
5
3)4
1906-1920
1906-1920
1907-1913
dl910-1925
4
5
7
1909
3)4
1911&1912
..
4
c/19~20-Y935
6
6
6
1906-1910
dl915-1935
1906-1916
1925
1915
1915
1920
4
5
5
4
4
4
1925
4
Amount.
Price.
8250,000 101.51
170,000 101.141
200,000 102.40
23.000 xlOO
101.71
60,445
108.925
2,000
8,000 2/100
102.05
14,746
",,000
107.417
10,000
10,000
IK, 000
101.45
101.514
433.300 Z100
105.081
12.300
25.000 107.07
100
40,000
104.45
20,000
4,989 103.322
6,000 104.133
35,000 101.99
104.652
19,000
30,000
6,000 j 104.55
3,500 102.50
3,200
20,000
15,000
5,700
1,500
16,010
102.50
103.525
105.60
110.052
102.666
102.815
2,800
10.000
50,000
65,000
2,000
1,100
8,000
9,000
1,500
1,300
51,000
8,000
14,500
30,000
50,000
40,000
106.41
100.122
101.004
101.545
102.727
100
105.555
101.733
104.461
109.171
100.625
100.076
100.75
108.30
100.377
200,000
20,000
11,430
22,000
4,000
15,000
105,000
100
102.252
101.382
101.75
100
105.24
100.097
14,000
13,500
1,500
25,000
15,000
22,000
7,000
1,840
5,350
20,000
11,000
2,500
5,200
5,000
9,000
101.50
100.50
105.266
4,500
97
101.28
1 bY. 528
101.63
103.271
100.25
106.97
113.68
100.03
100.03
100.14
100
1002. .Kossuth Co. Dr. Dist. No.
3,
Iowa
6
1002. .Kutztown, Pa
931. .Lafayette County, Mo
1002. .Lake City, Fla
931. .Lake County, Ind
931. .Lake County, Ind
1002. .Lake County, Minn
931. .Lake Sch. Dist., Cal
1133. .Laramie, Wyo
1062. -Latrobe (Pa.) Sch. Dist..
1133. .Lexington, Ky
1002. .Limestone Twp. Sch. District,
Pa
931. .Lincoln, Neb
1002. .Lockland, Ohio
931. .Lockport, N.
1062- .Logan, Ohio
931. .Lompoch Sch. Dist., Cal.
1002. .Lvnch Sch. Dist., Neb...
1002. .Lyle, Minn
1133. .McComb, Ohio
931. Madison, Wis..
862. .Madrid, Iowa
862. .Manitowoc Counts', Wis..
862. .Mansfield, Ohio
1062. .Marinette Co., Wis
1133. .Marion, 111
1062. .Martin's Ferry, Ohio
1002. .Merna, Neb
1002. .Middleport, Ohio
1062. _Middletown, Ohio
1002. .Minnesota Schools, vil-
Y
4
6
5
6
4l
A
..
8
4)4
4
d\ 9 15-1 935
A
1906-1922
1945
4)4
4
1906-1910
4
4
1925-1950
1908-1916
4
6
6
5
5
4)4
4
4A
1907-1911
158,960
25,000
100
101.504
15,000
-
(21910-1915
al916
ol920
5
1915-1924
1909-1918
5
(Z1910-1925
4A
..
4
1063. -Montgomery Co., Ohio
932-.Morganton Sch. District,
N.C-
5
107""""
100.862
104.264
105.10
1906-1915
1906-1915
1906-1910
1925
1907-1916
1906-1910
1909-1918
4
5
102.80
100
100
102.37
100
100
3,000 100
50,000 101
13,000 103.625
9,000 101.83
11,000 100.918
4,500 100.511
5,000 105.20.
5,000 2/104.08
5,000 101.03
19.500 103.236
14.000 100.692
150,000 101.916
16,000 107.312
45,000 102.678
20,000 100
10,000 107.01
7,000 100
5,000 100.56
100.253
6,818
4
4A
—
lages, etc. (46 issues)..
1907-1908
dl915-1935
1908-1911
1906-1925
90,000
15,000
1,777
30,000
2,609
12,475
45,000
1,200
46,400
17.000
50,000
1945
•
•
1002- -Morning Sun School District,
Iowa
4
862 Mt. Gilead, Ohio (2 is.)..
932 Muskegon Hts., Mich
862 Nazareth Sch. Dist., Pa..
932 Newark, N.J
932 .Newark, N.J
932 .New Castle, Co., Del
932 .New Castle Co., Del
1063 .New Haven. Conn. (3 is.)
863 .New London, Conn
1003 .Newport, Ky
1003 -New Ulm, Minn
1134 .New York City (2 is.)...
863 .Niagara Falls, N. Y
1003 .Norwich, Conn
1063 .Norwood, Ohio
1003 ..Orange Co., Ind. (5 is)..
1134 . Orchard ( Neb .) Sch Dist .
1063 .Osborne, Kan
.
1906-1913
6
6
4
3)4
3)4
4
4
3)4
314
5
4
3
4
4
4)4
4)4
5
5
1907
1925
(71945-1955
dl 945-1 955
1925
1930
1935
1910-1915
1954
1926
1930
1925
16,000 100.30
111.12
8,561
1,300
9,000
250,000 102.25
250,000 101 .576
75,000 103.397
65,000 104.09
448,000 100.609
100,000 100.155
22,500 108.585
30,000 100
108,500 1100
40,500 105.778
430,000 106.25
25,000 11030
29,480 100
3,300 100
7,500 100
"
Oct.
7
:
THE CHRONICLE.
1905.]
Rate.
Page.
Nam*.
-- 5..
1063._Oxnar.l, Cal
5
1134 Pass Sch. Dlst., Cal
5
1003.-Philippi, W.Va..
1063..Pluttsi>mch, \\ Y
3H
Pleasant Hill Twp., Mo.. 4^
1003
4
1134
Polk Co., Mo
5
PoncaS. D., Okla..
1063
5
1134
Port Huron. Mich
5
Poynette, Wis
1003
6
1063. .Portage Co., Ohio
lml
4
Porter Co.,
L063
u.u Preston Sen. Dirt.. Iowa.
...4
1134.. Princeton, Wis
1064.. Pulaski Co., Ind
4J-S
5
1064.. Putnam Co., Ohio
1064..PuyaJlup. Wash. (2 Isj-- 6
Cal. 5
1 184. -Eanchito Sch. Dial.
1003..ReJondo High Sch. Dirt.,
Cal
4
988.. Rensselaer, N.Y
4
933.. Rensselaer, N.Y
Iowa,.
4
County,
933 -.RinsKoUl
4
S64. .Rockland Co., N.
1064 .Russell Gulch S.O., Colo. ..
.. 6
H35-.Saco, Mont
3 MS
1136.. Saginaw, Mich
1135.. St. Edward Sch. Dist. No.
5
17, Nebraska
6
1135. .St. Petersburg, Fla
4
1135- -Salamanca, N.Y
-.4
1185.. Salamanca, N.Y.
5
1003.. Salem, Ohio (2 is.)
5
S64. .Salisbury, Mo
S64. .San Diego High Sch. Dist.,
5
Cal
1064.- Sebastopol Sch Dist., Cal. 4MS
1135,-Sebastopol, Cal
4MS
933. -Sedan, Kan.
4MS
1135..Shelbv, Miss
6
4
1064..Siblev Co., Minn
1 004.. Some'rset County, Md
4MS
6
1004. -Southern Pines, N. C
5
1004. .South Omaha, Neb
1004.. South Omaha, Neb.(2is.) 4J4
1136_-Springville, N. Y
4
1064,-Stowe Twp. S. D., Pa
4MS
Neb
5
1005. -Stromsburg,
Sumter
Ala
County,
5
934..
934,-TajaulaSch. Dist., Cal... 5
1064_.TeaneckT\vpS D., N.C.. 5
934,-Terre Haute Sch. City,
Ind
4
3.74
1 136. .Theresa. N. Y
11 36.. Toledo, Ohio
5
1136_. Trinidad, Colo
4MS
11 36 ..Trinidad, Colo
4MS
865-.Troy, N.
4
1005. -Underwood Sch. District,
4
N. D
1005-.Uxbridge, Mass
4
1005.. Van Wert County, Ohio.. 5
1005.. Vermilion County, 111
4
1006.. Washington...
3 MS
1136..Watertown, Wis
4
1006..Waterville, T ash. (2 is.). 6
1066. .Webster Co., Iowa
6
1006.. Welcome, Minn
5Mi
1006..Weldon Sch. Dist., N.C. 6
1066..Wellston, Ohio
5
1066..Wr est Chester School Dis,
.">
Y
Y
W
trict,
—
.
Pa
L926
J1910-1925
41910-1926
1916-1994
L926
1906-1919
1910
1906-1915
(/1910-1915
1906-1917
1906-1918
1906-1914
5
5
5
4
4
Amount.
1907-1934
(/1910-1925
100 67
100
il
1
00
100-
16,000
19,000
7,000
4,000
25,000
3,000
12,000
13,000
108 166
1.000
1/1910-1915
101.
r.o.ooo
1906-1907
ol917
1906-1911
1906-1915
1
2,000
10.000
50,000
is.ooo
45,000
25,000
Name.
Rate.
Page.
1000.. Crescent, Okla
lOOl-.Franklinvillo Sch. District
No. 1, N. Y.
4MS
6
93l..Kissimmce, Fla
931. .Live Oak Sch. Dist., Cal. 5
934 -So. Morgan Sch. Dist.,
Price
109 1
$4.5.000
--
1
13.
70
Utah
618
102
100 93
108 112
103. 625
100
100 50
104 505
100
100
1906-1935
1906-1935
1906-1910
c/1910-1925
1911-1925
1906-1935
70,000
20,000
10,076
200,000
82,000
181,500
1914
1906-1935
1906-1908
1906-1915
3,000
75,000
18,000
100,000
200,000
5,000
6,993
20,000
7,000
8,000
7,700
1911-1915
1925-1984
1935
dl910-1925
1907-1915
1910-1924
1915-1925
1906-1910
1912-1925
1906-1912
1910-1925
1906-1915
1906-1910
al908
1907-1911
1906-1910
1935-1955
^1915-1925
101.111
1,350
5,000 J/100
10,000
106.751
7.000
100
for
—
tered
108.82
103' 53
100.33
1908-1914
1930
1906-1908
1915-1920
1915-1925
1935-1939
<il910-1925
1906-1908
1915
1911-1920
Negotiations
this
week
—
Voted.
At a special elction held
Sept. 26 a proposition to issue $18,000 sewer bonds carried by
a vote of 166 to 154.
102".675
1935
1906-1909
1913-1935
_.
are
-[sales
have heen as follows
Albert Lea, Minn. Bonds
103.25
10S.5S7
101.675
101.683
135,000
25,000
60,000
32,500
25,000
15,000
30,000
5,000
3,000
80,000
9,000
15,000
9,000
35,000
3,500
23,000
Price.
$2,500
c/1915-1920
5
above
Bond Proposals and
25,000 107.67
6.431
100.46
10,424
100.69
12,000 2/100
300,000 106.578
9,500
6,500 1/100
25,000
10,000
35,000
75,000
15,000
3,503
20,000
Amount.
Maturity.
August. These additional
August isssue (less the August items excluded as per list
above)fwffl make the total sales- (not including temporary
loans) for that montlr$8,657,595.
All the
Alice
(/1910-1920
(Z1925-1935
zy2
1066.. West Lafayette S. D., Ind ..
866. -V,' est Point, Neb
4MS
935.. White Hall, 111
5
935..Willoughby, Ohio
1006..Willoughbv, Ohio
1006.. Wood County, Ohio
935. .Wyoming, Ohio (2is.) ...
866.. Yellowstone Co., Mont...
9.35..Yonkers, N. Y
935..Yonkers, N. Y
935..Yonkers, N. Y
935..Yonkers, N. Y
Maturity.
1906-1945
1907-1908
1131
Independent School District, Tex.
and
100
112.27
105
100
101.515
100.37
104.026
101.422
110.014
101.628
107.812
Regis-
— On Sept. 25 $15,000 5% school-house bonds
Sold.
registered
were
by the State Comptroller. These bonds
were purchased on the same day by the State Permanent
School District at par and interest. Securities mature in
40 years, subject to call $5,000 in 15, $5,000 in 20 and $5,000
in 25 years after date of issue, Sept. 1 1905.
Amite County, Miss. Bonds Defeated. The proposition
to issue $36,000 court-house bonds failed to carry at the
—
10T
—Bonds
—
election held Sept. 16.
—
—
Bond Offering. The City Council will
at public auction at 8 p. m. Nov. 6 $34,000
10-20-year
(optional) refunding bonds.
Denomination $500 or $1,000.
P. M. Sullivan is City Clerk.
Interest semi-annual.
Anaconda, Mont.
4%
sell
—
—
Anaheim, Cal. Bond Election. It is stated that an election will be held in this city to vote on the question of issuing
$23,000 water-improvement, $25,000 electric-light, $13,000
gas-works and $3,000 cross-walk bonds.
102.535
Antigo, Wis. Bond Sale. An issue of $15,000 4% street100
improvement bonds was awarded on Sept. 15 to N. W.
alOO
Harris & Co. of Chicago.
Denomination $1,000. Date
98
" 98.125
Interest semi-annual.
Sept. 15 1905.
Maturity $3,000
109.031
yearly from 1921 to 1925 inclusive.
Asheville, N. C.
No Action Yet on Bond Issue. We are
105.033
advised that no action has yet been taken in reference to the
2/101.313
issuance of the $60,000 reservoir and $40,000 electric-light
101.30
100
bonds mentioned in V. 81, p. 739.
100
Ashland, Zy. Bond Sale. On Oct. 2 the $45,000 6%
100
street-improvement-assessment bonds described in V. 81, p.
100
1060, were awarded to L. N. Davis for $45,505 and interest.
Bond Election. At the general election Nov. 7 the ques104.41
tion of issuing $150,000 20-year street-improvement bonds
100
at not exceeding 5% interest will be submitted to a vote of
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120,000
22,000
101.61
7,000
2,500 103.20
4,000 101.587
102.26
5,000
50,000 102.55
5,000
103.95
35,000 y 99.02
20,000 105.89
200,000 100.22
2,000 100.4C
14,700 101.576
the people.
—
—
Aspen, Colo. Bond Election. An election has been
called for Oct. 10 to vote upon the question of building a
municipal water plant. The city is at present supplied
with water by the Castle Creek Water Co., which company
has applied to the United States Circuit Court for an in4
junction to prevent this election and demanding that the city
4
purchase its plant /.which they claim is worth $200,000.
1914-1915
4
Augusta Ga. Bonds Authorizd. The City Council on
Total bond sales for September 1905 (208
Sept. 25 passed an ordinance providing for the issuance of
municipalities covering 321 separate issues) 89,902,390.
$35,000 4% coupon bonds to refund securities maturing Feb.
a Average of dates of maturity, d Subject to call in and after the 1 1906.
Denomination $1,000. Date Feb. 1 1906. Inearlier year and mature in the later year.
Not including $11,406,682 terest semi-annual.
Maturity Feb. 1 1936. Securities are
of temporary loans reported and which do not belong in the list; also
does not include $1,500,000 "general fund" bonds of New York City. non-taxable by the City Council and coupons will be received
x Taken by sinking fund as an investment,
y And other considerations. in payment of taxes or other debts to the city.
Baltimore, Md. Bond Offering.
In addition to the above we have recorded during the
Local papers state that
proposals
will be received until Nov. 22 for $3,000,000
month of September the following sales by municipalities
bonds, loan of 1954.
outside the United States:
Bay County, Mich. Bond Election.— On Oct. 26 an elecBONDS SOLD BY CANADIAN MUNICIPALITIES.
tion will be held to vote on the question of issuing $23,000
Page.
Name.
Rate.
Maturity.
Amount.
Price.
4% 15-year county-poor-house bonds.
1001.. Halifax. N. S
4
1940
$207,000 100.13
1002.. London, Ont. (3 is.)
4
104,319 101.27
Beaumont, Tex. Bonds Authorized. The issuance of
1133.. Manitoba..
4
1924&1935
286,087 101
$1,900 5% 10-20-year (optional) coupon school-house1002.. Melita Sch. Dist. No. 440 5
1925
7,000 101.80
1062.. Midland, Ont. (3 is.)
1935&1945
32,000 104.378 repair bonds has been authorized.
4MS
Denomination $100.
862.. N'apanee, Ont
4
1906-1935
96.35
35,000
Date
Sept. 1 1905.
Interest
semi-annually
at the First
1063.. Newfoundland
Z]/2
2,000,000
National Bank of Beaumont.
932.. Newmarket, Ont (2 is.). . 4.-4MS 1906-1924
99.71"
10,000
932.. Niagara Falls, Ont. (2 is.) 5
107.35
16,984
Belle (River (|P. O. Osakis), Douglas County, Minn.—
1066.. Westmount.Que (2is.).. 4
1945
200,000 101
Bond
Sale.— On Sept. 23 the $1,500 5% 1-5-year (serial)
1066
Wingham.Ont
100.958
12,000
4MS
coupon road and bridge bonds described in V. 81, p. 860,
Total.
$2,910,390
were awarded to the First National Bank of Alexandria, at
REVISED TOTALS FOR PREVIOUS MONTHS.
par.
Bonds are dated Sept. 30 1905.
The following items, included in our totals for previous
Bogus Brook, Mille Lacs County, Minn. Bond Offering.
months, should be eliminated from the same, as the sales Proposals will be received until 10 a. m. Nov. 11 by the
have not been carried to completion. We give the page Town Supervisors, at the residence of John Gronlund, for
number of the issue of our paper in which the reason for the $2,200 4% bonds. Authority election held Aug. 14 1905.
Denominations $500 and $600. Maturity $600 July 1 1912,
failure to consummate the sale may be found.
8500 July 1 1917, $500 July 1 1922 and 8600 July 1 1925.
4
1923
1907
1910
,
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Pane.
Name of Municipality.
1133. .Marion, Ind. (August list)
1134. .Pawnee, Okla. (August list)
1001
opol, Cal. (June list)
1135..Shamokln, Pa. (August list)
We
have also learned of the following additional
previous months:
Amount.
$20,000
7,500
60,000
45,000
sales for
Me—
—
Brewer,
Bond Sale— An issue of $27,000 4% 20year refunding bonds dated Oct. 1 1905 has been sold to
Tyler, Fogg & Co. of Bangor.
Buena Vista County, la. Bond Sale. An issue of 830,000
drainage bonds was recently awarded to Trowbridge <fe
Niven Co. of Chicago at 103.70.
—
—
THE CHRONICLE.
1132
Y.—Bond Issue.— The issuance of $13,485 16
Department of Public Works bonds has been authorized.
Securities mature Oct. 1 1906, and have been awarded to the
New York Chicago & St. Louis Railroad Grade Crossing
Bond Sinking Fund as an investment.
Burlington, N. 3.—Bond Sale.— On Oct. 3 the $5,250 4%
coupon school bonds described in V. 81, p. 1060, were
awarded to Theo. L. Ellis, Attorney, for $5,486 25 and
An offer of $5,360 was also received from the
interest.
Burlington City Loan & Trust Co.
Butte, Mont. Bonds Voted.
The election Sept. 12
Buffalo, N.
4%
—
—
resulted in favor of the proposition to issue $400,000
10-20-year (optional) funding bonds.
—
4J^%
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Cambridge, Ohio. Bond Offering. Proposals will be received until 12 m., Oct. 23, by T. R. Deselm, City Auditor,
for $10,375 5% 1-10-year (serial) North Seventh Street
assessment bonds. Denomination $1,037 50. Date Oct. 1
Interest annually at the office of the City Treasurer.
1905.
Accrued interest to be paid by purchaser.
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[Vol. lxxxi.
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Columbus, Ohio. Bond Sale. The following bonds were
and interest to the city sinking fund during the
month of September.
$2,000 4% 6th Street Improvement bonds, maturing Sept. 1 1915, optional
sold at par
Sept.
1
1906.
2,000 4',. Almond Alloy bonds, maturing Sept. 1 1915. optional Sept. 1 1906.
300,000 4% Storage-dam bonds, maturing Apr. I 1935, optional Apr. 1 1915.
2,000
Hunter Ave. bonds, maturing March
1910. optional March 1 1906.
2,500 4^% 5th Av.;. bonds, maturing March 1 1908. optional March 1 1906.
7,000 4% Leonard Ave. bonds, maturing March
1016, optional March 1 1906.
9.000 4\ Cypress Ave. bonds, maturing March 1 1916, optional March 1 1906.
1.000
ipt
March 1 1906.
Schiller Street bonds, maturing March 1 1908, optional
\0. sewer bonds, maturing March 1 1908, optional March 1 1906.
1.800 4'A%
1,000 4Yt
Naghton Street bonds, maturing March 1 190H, optional March 1 1906.
1.000 4J^% Kkh Street bonds, maturing March 1 1908, optional March 1 1906.
4,000 4% 5th Street bonds, maturing March 1 1910. optional March 1 1908.
100,000 4% improvement bonds (city's proportion^ maturing March 1 1916.
I
1
,
1
4K%
%
Constableville,
Bond
Lewis County, N. Y.
Offering.
—
Proposals will be received until 2 p. m. Oct. 12 by Daniel H.
O'Brien, Village Clerk, for $17,000 4% registered waterworks bonds. Denominations are $500, $100 and $80.
Date Oct. 1 1905. Interest semi-annually at the Utica
Trust & Deposit Co. in Utica. Maturity $680 yearly on
Oct. 1 from 1910 to 1934 inclusive.
Certified check on a
national bank for 5% of the par value of the bonds bid for,
payable to F. M. Ringrose, Village President, required.
The village has no bonded debt at present.
Crawford County, Ind. Bond Sale. On Oct. 2 the
$14,500 4J^% 5% -year (average) coupon road bonds described in V. 81, p. 1061, were awarded to J. F. Wild & Co.
of Indianapolis at 100.59.
Following are the bids:
J. F. Wild & Co.. IndianapolisS14,585 501 R. Kleybolte & Co., Cincin.. .$14,531 00
E.D.Bush & Co., Indlanap.. 14,585 00|Thos. C Day & Co
14,036 00
Crescent, Okla.
Description of Bonds.
We are informed
that the $2,500 school bonds recently sold by this town were
purchased by M. D. McGinley at 102.
Denomination 8500.
Interest 6%. payable January and July.
Maturity Jan. 1
Campbell County, Ky. Bond Election. An election will
be held Nov. 7 to vote on the question of issuing $250,000
turnpike bonds.
Canyon County (P. O. Caldwell), Idaho. Bonds Voted.
Bond Offering. This county on Sept. 23 by a vote of 2590 to
655 authorized the issuance of $62,500 5% 10-20-year (opProposals for these bonds will
tional) court-house bonds.
be received until Oct. 23.
Carthage (N. Y.) Union Free School District No. 1.
Bonds Not to Be Re-offered at Present. We are advised that
the $28,000 high-school bonds offered without success on
July 31 will probably not be re-offered until the spring.
1916.
Chagrin Falls, Ohio. Date of Bond Election. The elecCreston, Iowa. Bond Sale.
We are advised that this
tion to vote on the question of issuing the $15,000 sewerage- city recently sold $40,000 6% paving bonds to Wm. Harrabin
system and sewage-disposal-plant bonds, referred to in last of Iowa City, the contractor for the work. Mr. Harrabin
week's issue, will be held on Oct. 23.
subsequently resold the bonds to the First National Bank
Proposals will be of Creston.
Denominations $200 and $500. Date Sept. 5
Charleston, W. Va. Bond Offering.
Interest annually.
Maturity one-seventh yearly for
received until 8 p. m. Oct. 19 by the Finance Committee of 1905.
the Common Council for $60,000 4% 20-30-year (optional) 7 years, bonds being subject to call before maturity.
Denomination $500. Date July 1 1905.
bridge bonds.
Cuyahoga County (P. O. Cleveland), Ohio. Bond Sale.
Authority Chapter 5, Laws of 1905; also The following bids were received on Sept. 23 for the $20,000
Interest annual.
Certified check on the Citizens' 5% 2-6-year (serial) bridge and the $4,989 5% ditch bonds
election held May 22 1905.
National Bank of Charleston for 3% of the par value of the described in V. 81, p. 860:
bonds bid for, payable to the City of Charleston, required.
Premium
4.989
S20.000
Bridge Bonds. Ditch Bonds
Chelan (Wash.) School District. Bonds Voted. This
R
Kleybolte & Co.. Cincinnati
.S890.00
district, it is stated, recently voted to issue $10,000 school- Denison, Prior & Co.. Cleveland and Boston
775.10
165.75
Lamprecht Bros. & Co., Cleveland
742.00
185.00
house bonds.
Seasongood & Mayer, Cincinnati
705.75
137.25
702.61
150.97
Bond Offering. Proposals will be re- Central Trust & Safe Deposit Co
Cincinnati, Ohio.
W.R.Todd & Co., Cincinnati
700.00
ceived until 12 m. Nov. 6 by W. T. Perkins, City Auditor, Wei) Roth & Co.. Cincinnati
666.00
125.00
& Co., Cleveland
637.50
for $75,000 3*^% Police Department and $75,000 3J^% Fire F.L. Fuller
Union Savings Bank & Trust Co..
632.00
Department coupon bonds. Denomination $500. Date Security Savings Bank & Trust Co
625.00
125.00
The bridge bonds were awarded to R. Kleybolte & Co.
Nov. 1 1905. Interest semi-annually at the American Exchange National Bank, New York City. Maturity Nov. 1 and the ditch bonds to Denison, Prior & Co.
1935.
Certified check for 5% of the gross amount of bonds,
Darke County (P. O. Greenville), Ohio—Bond Sale
payable to the City Auditor, required. Bids to be made on The following bids were received on Sept. 29 for the there
blanks furnished by the City Auditor. Accrued interest to issues of 5% road and ditch bonds described in V. 81, p. 930:
be paid by purchaser.
$19,000
$6,000
$35,000
Relundinc
Proposals will be reCheviot, Ohio. Bond Offering.
Road Bonds. Ditch Bonds.
Bonds.
& Mayer, Cincinnati
a$6,248 00
$35,376 00 o$19,884 00
ceived until 12 m. Oct. 24 by Chas. Craig, Village Clerk, for Seasongood
Second National Bank and Farmers' National
Bank, Greenville
6,244 90
(735,696 80
19,865 10
$1,500 5% Harrison Avenue No. 2 (village's portion) imRoth & Co., Cincinnati
6.205 00
35.542 00
19,798 00
provement bonds and $1,500 5% water-supply No. 2 bonds. Weil,
Bank
&
Trust
Co.,
Cleve..
Security Savings
6,190 00
35,500 00
19,760 00
Cleveland
&
Sons,
6,20100
W.'J.
Hayes
35.4o2
00
19.713
00
follows.
Denomination $500. Lamprecht Bros. & Co., Cleveland
The details of both issues are as
6,232 00
35,483 00
19.813 00
Date Sept. 16 1905. Interest semi-annual. Maturity New First National Bank, Columbus
6,185 00
35,49100
19,756 00
Trust & Safe Deposit Co., Cincinnati
6,198 60
35,353 50
19.856 90
Certified check for $50, payable to the Village Central
Sept. 16 1930.
Hoehler & Cummings, Toledo
6,21151
19.777 50
Union Savings Bank & Trust Co., Cincinnati
19,715 00
Treasurer, required with bids for each issue.
._.
W. R. Todd & Co.. Cincinnati
19,680 00
Clallam County (P. O. Port Angeles), Wash. Bond Sale.
a Seasongood & Mayer were awarded the road and refunding issues, d These
—On Oct. 2 the $40,000 4J/£% 10-20-year (optional) funding banks were awarded the ditch bonds.
Date of Bond Election. The election to vote
Deal, N. J.
road and bridge bonds described in V. 81, p. 628, were
on the question of issuing $75,000 4% sewer bonds will be
awarded to E. H. Rollins & Sons of Chicago at 101.05.
Cleveland Heights, Ohio. Bond Sale. On Sept. 26 the held on Oct. 13 and not Oct. 6, as stated last week.
Denver, Col. Bond Sale. Of the six issues of 6% bonds
and the $9,139
boulevard bonds de$51,306
scribed in V. 81, p. 929, were awarded to the Security Sav- aggregating $12,000 offered for sale on Sept. 23, the $3,000
Welton Street Paving District No. 1 bonds and one $500
ings Bank & Trust Co. of Toledo at 101.71.
Clover (Town) Pine County, Minn. Bond Sale. On bond of South Capitol Hill Special Sanitary Sewer District
Sept. 25 the $8,000 6% 15-year road bonds described in were awarded to Jerome Dreyfuss for $3,075 and $512 50
Other bids were received as follows: BellanV. 81, p. 860, were awarded to C. A. Bait & Co. of Winona respectively.
Co.. $12,151 50; C. E. Dickinson, $12,Investment
Price
at par, accrued interest and blank bonds.
Following are
067 50, and Frank C. Young, $12,067 20.
the bids:
aS8,000|J. M. Holmes (less 5U disc)..
C. A. Boalt & Co., Winona
par
Detroit Normal School District, Tex. Bonds Registered.
Commercial Investment Co., Dul'th8,000|
The State Comptroller on Sept. 26 registered an issue of
a Accrued Interest and blank bonds.
Columbia; Mo. Bond Sale. On Sept. 19 the $10,000 $20,000 4% school-house bonds dated June 1 1905 and ma4J^% 5-20-year (optional) water and light and the $10,000 turing in 40 years, subject to call $5,000 in 15, in 25, in 30
4J^% 5-15-year (optional) sewer coupon bonds described in and in 35 years after date.
V. 81, p. 860, were awarded to the William R. Compton
Dexter School District No, 8, Chaves County, N. M.
Bond & Mortgage Co. of Macon at 101.45.
Bond Sale.— On Sept. 25 $3,200 6% school-house bonds were
Columbia, S. C. Bond Sale. On Oct. 2 the $400,000 awarded to A. Zahner of Topeka at 102^. Denomination
4J^% 40-year water bonds dated July 1 1905, a description $500, except one bond for $200 Date Aug. 16 1905. InMaturity Jan. 1 1936, subject to
of which was given in V. 81, p. 929, were awarded to the terest January and July.
Union Savings Bank & Trust Co. of Cincinnati at 102.26. call after Jan. 1 1916.
Following are the bids:
Due West, £?. C. Bond Election Proposed. The question
Union Sav.Bk. &Tr. Co., Cin__ 409,0501 Prov. Sav. Bk. & Tr. Co., CinclnS404 000 of calling an
tion to vote on the question of issuing $10,000
Mercantile Tr. &Dep. Co., Balt.S412.800l Third Nat. Bank, Cincin.
403[505
is being considered.
bonds
railroad-ait!
Bk.&
Lamoreeht
Bros.
& Co., Cleve.. 402 600
National Loan & Exchange
Palmetto Bk.&Tr. Co., Colum 408,500 W. B. Todd & Co., Cincinnati.. 402 000
Ter.
Bond Offering. Proposals will be re1.
Duncr"
Carolina Nat. Bank. Columbus
F. L. Fuller & Co. and W. J.
406 000
(tor $50.000)..
Hayes & Sons, Cleveland
50.500 ceived u:
- "'. m. Oct. 10 by Chas. E. Murphy, Recorder,
I.
-ipon school-building bonds.
The bid of the Mercantile Trust & Deposit Co. desig- for
Denominanated place where money should be deposited. For this tion
April 27 1905.
Interest semi-annually at
reason, it is stated, it was rejected.
Maturity April 27 1925.
Bonded debt,
New
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Oct.
7
——————
THE CHRONICLE
1905.]
Sinking
including this issue, $37,500; floating debt, $3,000.
fund. $2\500. Assessed valuation, $451,000.
East Palestine, Ohio.— Bond Sale.— On Sept. 5 the $20 000
5% 5-year (average) paving bonds described in V. 81. p. 6l'S,
were awarded to Seasongood <k Mayer, Cincinnati, at 103.525.
Bonds Voted and Sold. This place reEl Dorado, Kan.
cently voted to issue bonds to purchase the local water plant.
These bonds, we are advised, were sold on Sept. 28 to John
Nuveen «fc Co. of Chicago.
—
—
Elizabeth, N. J.
Bonds Authorized. The City Council
has authorized the issuance of $2,500 additional school
bonds.
—
Eugene, Ore. Bonds Voted. This city recently by a vote
499 to 158 authorized the issuance of $200,000 light and
water bonds.
Falls County (P. O. Marlin), Tex.
Bond Offering. Pro8osals will be received until 12 m. Oct. 19 by D. H. Baylis,
ounty Judge, for $32,000 5% bridge bonds. Denomination $*1,000.
Date Oct. 10 1905. Interest semi-annually
at the office of the Count}' Treasurer.
Maturity Oct. 10 1915,
subject to call after 5 years.
Bonded debt Sept. 29 1905,
$36,000; floating debt additional, $39,000.
Assessed valuof
—
ation, $9,368,600.
—
Fergus Falls, Minn. Bonds Voted. This city on Sept. 19
by a vote of 472 to 124 authorized the issuance of not exceeding $S9,000 water-works bonds.
Details of issue and
date of sale not yet fixed.
—
Bonds Authorized. The issuance of $20,000 4% coupon
refunding electric-light bonds has been authorized.
Denomination $1,000. Date Dec. 1 1905. Interest semiannually at place to be determined by purchaser.
Maturity
$10,000 Dec. 1 1915 and $10,000 Dec. 1 1920. Date of sale
not yet determined.
Present bonded debt of city $65,000.
Assessed valuation 1904 SI, 300 ,000.
Fountain Hill School District (P.O. South Bethlehem), Pa.
Bond Offering. Proposals will be received on or before
Oct. 15 by William Felker, Secretary, for $12,000 4% 5-15year (optional) coupon school-building bonds.
Denomination $100.
Date Nov. 1 1905. Interest paid semi-annually
by Treasurer of the district in South Bethlehem. Bonds are
exempt from all taxes. District has no debt at present.
Georgetown, Ky. Bond Sale. On Oct. 2 the $25,000
4% sewer bonds described in V. 81, p. 930, were awarded to
J. B. Graves of Georgetown at 100.60 and interest.
Following are the bids:
J. B. Grayes, Georsetowa
$25,150 001 Union Sav. Bk. & Tr. Co., Cin.$25,050 00
Chas. H. Cox, Cynthiana
25,345 50 Weil, Roth & Co.. Cincinnati. 25,028 00
Leon Frankel. Louisvillo
25.050 00 Seasoneood & Mayer, Cincin.. 25.000 00
Harrison Township, Harrison County, Ind. Bond Sale.
The County Treasurer informs us that $40,000 4J^% road
bonds of this township were recently awarded to the Corydon
National Bank of Corydon for $40,151. Denomination
Dale Oct. 1 1905. Interest May 15 and Nov. 15.
$1,000.
Maturity twenty years.
Hartland, Wis. Bond Offering.
Proposals will be received until 5 p. m. to-day (Oct. 7) by John A. Pawling,
Milage Clerk, for $7,000 4% coupon gas-light bonds. Denomination $500. Date Sept. 25 1905. Interest annually
•n Feb. 1 at the office of the Village Treasurer. Maturity
$500 yearly on Feb. 1 from 1907 to 1920 inclusive. Bonded
debt this issue. Assessed valuation $337,852.
Heth Township, Harrison County, Ind. Bond Sale.— We
are advised that this township recently awarded $4,000 4}4%
road bonds to the Corydon National Bank of Corydon at par.
Denomination $400. Date Oct. 1 1905. Interest May 15
and Nov. 15. Maturity ten years.
Hoytville, Ohio.
Bond Offering. Proposals will be received until 12 m. Oct. 30 by Trenton O. Copus, Village
Clerk, for $4,000 6% coupon street-improvement bonds.
Denomination $400. Date Oct. 30 1905. Interest March 1
and Sept. 1 at Hoytville. Maturity $400 each six months
from Sept. 1 1906 to March 1 1911 inclusive. Certified check
for $100, payable to the Village Clerk, required.
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I
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Independence, Mo. Bond Election Proposed. The question of calling an election to vote on a proposition to issue
$30,000 city-hall bonds is being considered by the City
Council.
Ingersoll,
recciwd
Ont.
until 12
for $21,500
Debenture Offering.
— Proposals
be
will
m. Oct. 13 by W. R. Smith, Town Clerk,
414%
debentures.
Maturity part yearly from
June 1.5 1908 to June 15 1920.
Inglewood Union High School District, Los Angeles
County, Cal. Bonds Proposed. This district, which WB£
—
recently organized, is considering the question of issuing
bonds for a new school house.
Jefferson County (Ark.) Levee District No. l.—Bond
Offering.
Proposals will be received until 10 a. m. Oct. Hi
—
by John M.
Gascony,
Grac-ie, Chairman Board of Directors, P. O.
for $30,000
bonds. Denomination $500.
0%
terest annually at the Bank of Pine Bluff.
jrean, subject to call after five years.
d valuation $218,000; real value,
Am
—
New
in-
Maturity twenty
No bonded
debt.
about S500,000.
Kennedy Heights, Ohio.— Bond Sale.— On
Sept. 23 the
$2,500 5% 20-year street-improvement bonds described in
V. 81, p. 794, were awarded to the Provident Savings Hank
<fc Tru.~t Co.
ef Cincinnati at 113. OS.
1133
Kosciusko, Miss.— Bond Sale.— On Oct. 3 the $5,000 5%
coupon bonds described in V. 81, p. 629, were awarded to
J. W. Fletcher of Kosciusko for $5,212 50.
Lakewood, Ohio. Bond Sale. The following bids were
—
on Oct. 2 for the $18,000 5% 1-10-year (serial)
coupon street-improvement bonds described in V. 81, p. 931:
W. It. Todd & Co., Cincinnati. ._ $18,3751 W. J. Hayes & Sons. Cleveland.. $1.8,000
Laraprecht Bros. & Co.. Cleveland 18,307 |Denlson, Prior & Co.. Clevc. & B. 18.000
liond Sale.— On Oct. 2 the $1,500 5% 1-5-year (serial)
water bonds described in V. 81, p. 1062, were awarded to
YV. J. Hayes & Sons, Cleveland, at par and accrued interest.
Lansford, Pa. Bond Election. At the general election
Nov. 7 the question of issuing $25,000 sewer bonds will be
submitted to a vote of the people.
Laramie, Wyo. Bond Sale.— On Sept. 30 the $46,400
x
refunding bonds described in V. 81, p. 1062, were
i /2%
awarded to N. W. Harris & Co. of Chicago for $400 premium.
Denomination $1,000. Date probably Oct. 15 1905. Interest January and July.
Maturity 30 years, subject to call
received
—
after 10 years.
\. W. Harris & Co., Chleaco
$46,800
Weil, Roth & Co.. Cincinnati
40.795
Browno-Klllnwood & Co., Chicago 46,723
Mason, Lewis A Co., Chicago
46.590
& Mayer. Cincinnati. $46, 438
Denison, Prior & Co., CI. & Host. 46.544
K. II. Rollins & Sons, Chicago... 46,400
48,256
S. A. Kean (for 5s)
Seasongood
—
Lewiston, Idaho. Bonds Reawarded. The $62,500 5%
funding bonds awarded June 16 to the American National
Bank of Kansas City have been refused by that institution,
they claiming, it is stated, that the City Charter is invalid.
The bonds were recently re-awarded to E. H. Rollins & Sons
of Chicago, the second bidders at the original sale, at their
bid of $63,187 50, with the understanding that the city
bring a friendly suit to determine the validity of the issue.
Lexington, Ky. Bond Sale. We are advised that the
entire $100,000 4% sewer bonds voted at the election held
Nov. 8 1904 have been sold to the City National Bank and
the Security Trust & Safety Vault Co. of Lexington at 105.10.
It will be remembered that $50,000 of this issue was sold
early in the year to these institutions, as stated in V. 80,
The whole amount has now been placed as stated
p. 1015.
above. Denomination $1,000.
Date Feb. 1 1905. Interest
semi-annual.
Maturity 40 years.
Lexington, N. C. Bond Offering.
Further details are at
hand relative to the offering on Oct. 20 of the $40,000 5%
coupon school, sewer, water-works and light-plan t-improvement bonds mentioned in V. 81, p. 1062. Proposals for
these bonds will be. received until 12 m. on that day by John
H. Moyer, Mayor. Denomination $1,000. Date Oct. 1
1905.
Interest semi-annually on April 1 and Oct. 1 at the
Bank of Lexington. Maturity Oct. 1 1945. Bonded debt,
not including this issue, $64,000. Assessed valuation
—
—
$1,240,541.
—
Louisville, Miss.
Bonds Not Sold. No sale has yet been
of the $4,500
15-year bonds which this town offered
for sale on Sept. 5.
Denomination $500. Date July 1 1905.
Interest annually on Jan. 1.
6%
made
—
Lyons Falls, Lewis County, N. T. Bond Offering. Proposals will be received until 2 p. m. Oct. 10 by Harry W.
Cox, Village Clerk, for $25,000
registered water bonds.
Denomination $500. Date Oct. 1 1905. Interest semiannually at the First National Bank of Utica. Maturity
81,000 yearly, beginning Oct. 1 1910. Certified check for
of the par value of the bonds bid for, payable to Frank
Hoskins, Village President, required.
4%
5%
McComb, Ohio.— Bond Sale.— On
Sept. 12 the $5,000
1-5-year (serial) coupon electric-light bonds described in
V. 81, p. 794, were awarded to Denison, Prior & Co. of
Cleveland and Boston at 101.03 and interest.
Following
are the bids:
5%
& Co., CI. &B st$5,051 501 W. J. Kayei & Sons, Cleveland. $5,010 0*
W. R.Todd & Co.. Cincinnati.. a5,075 00" Laraprecht Bros. & Co., Cleve. 5.007 0»
Sep. Sav. Bk. & Tr. Co., Toledo 5,030 00 Seasongeed
Mayer, Cincin
5,005 Ot
Peoples Banking Co.. McComb. 5,028 75
a No certified check as required, and bid therefore rejected.
Mahomen, Norman County, Minn. Bond Offering. Proposals will be received until 12 m. Oct. 30 by William M.
Wigham, Village Recorder, for $5,000 6% 20-year road and
bridge bonds.
Authority, election held Sept. 26 1905.
Denomination $500. Interest annual.
-
Denison, Prior
4:.
—
Manitoba.— Debenture Sale.— On Sept. 23 $286,087 4%
debentures (6 issues) were awarded to R. Wilson Smith of
.Montreal at 101.
See V. 81, p. 862 and 576, for description
of securities.
—
Marianna, Ark. Bonds to be Issued. This place will issue
bonds for sewer purposes. We are advised by E. W. King,
Secretary Sewer Commission, that Hiram Phiilipps, C.E., of
St. Louis, has been employed to make surveys, estimates,
etc., and that bonds will not be issued until these plans and
estimates are completed.
Marinette, Wis.— Bond Sale.— On Oct. 2 the SHJO.OOt
4% 11-20-year (serial) dock and wharf bonds described i»
V 81, p. 1002, were awarded to the First Trust A Savings
Bank of Chicago at 102.18. Following are the bids:
" --,)S}M
ir-t Trust A Savings Bk.. fhlr. 102.18 Paraoo, Leech
'» .093
I
W.
F.
•
.J.
Hayes
,v
f..
Fuller
A
yer, Cincinnati
Sons, Cleveland. .101.591
lou.wn
101.25 0. H.Coffl*. Chlosffo
Co., Cleveland
$20,000
Marion,
Re-awarded.— The
111.— Bonds
funding bonds awarded on Aug,
to If. W. Harris A
Chicago have been refused by that firm and the bottds
sequently were re-awarded to Philip Matter at par.
V. 80, i>. 030.
1
6%
I
jl
-
See
THE CHRONICLE.
Bond Offering. — Treasurer,
1134
Mercer County (P. O. Trenton), N. J.
Proposals will be received until 2 p. m. Oct. 19 by the Finance
Committee of the Hoard of Chosen Freeholders for $54 ,900 4%
bridge and $10,000 4% renewal bonds.
The bridge bonds
are dated Sept. 1 1905 and will mature Sept. 1 1925, and the
renewal bonds are dated Dee. 1 1904 and will mature Dec. 1
1924.
Interest semi-annual.
Certified check for $100,
i
for
$20,000
Denomination $1,000.
annually at the
ampton.
Vol
lixxi
3}^% coupon sewer-scrip bonds.
Date Oct. 6 1905. Interest semi-
Northampton National Bank in Northon Oct. 6 from 1906^0
.Maturity S2,000 yearly
1915 inclusive.
—
North Providence, R. I. Bond Sale. On Oct. 4 the
$65,000 4% 30-year funding bonds described in V. 81, p. 932.
were awarded to Merrill, Oldham & Co. of Boston at 103.147
and interest. Following are the bids:
Merrill, Oldham A Co., Roston... 103.1471 K. C. Stanwood 4 Co.. Boston
101.55
N. W. Harris & Co., New York.. 102 .227 IE. H.Cay 4 Co. (and $10addit'nl)101.00
Orchard (Neb.,) School District. Bond Sale. This district has awarded an issue of 83,300 5% coupon school bonds
to the Lincoln Safe Deposit & Trust Co. at par.
Denomination $50.
Date July 1 1905. Interest annual. Maturity
July 1 1910, subject to call on any interest-paying date.
Palmyra Classical Union School District No. 1, N. Y,
Bond Sale.—On Oct. 3 the $12,000 4% school bonds described in V. 81, p. 1063, were awarded to the Rochester
Savings Bank for $12,050. Maturity $2,000 yearly on Jan. 1
from 1907 to 1912 inclusive.
Pass School District, Los Angeles County, Cal. Bond
Sale.
On Sept. 25 $2,000 5% bonds were awarded to the
Oakland Bank of Savings at 101.25. Following are the bids:
payable to Edward P. Mount, County Collector, required.
Miamisburg, Ohio. Bond Offering. Proposals will be
received unti Oct. 24 by Chas. F. Eck, Village Clerk, for
Denomina$8,682 39 4% Main Street assessment bonds.
tion $808 24, except one bond for 8868 23.
>ate Oct. 1 1905.
Interest semi-annually at the First National Hank of Miamisburg.
Maturity one bond yearly on Oct. 1 from 1906 to 1915
inclusive.
Accrued interest to be paid by purchaser. Bonds
to be paid for on day of sale.
Monroe (Wis.) School District. Bonds Voted. This district has voted to issue $40,000 school-building bonds.
We
are advised that no further action has yet been taken looking
to the issuance of these bonds and that probably none will be
taken until the spring, as the building will not be erected
—
—
I
—
until that time.
—
Mooresville, Ind. —Bond Sale.— On Oct. 2 the $5,000
5-20-year (optional) gold coupon bonds funding bonds
described in V. 81, p. 1063, were awarded to E. D. Bush
& Co. of Indianapolis at 105.10 and interest. Following are
the bids:
4%
Oakland Bank of Savings, OaklandS2,025| Henry S. Woolner
Los Angeles Trust Co., Los Angelas 2,012|
(for
bond No. 2)
par and interest
Date Sept. 25 1905. Interest
$1,000.
1907 and 1908.
Maturity
E. D. Bush & Co.. Indianapolls$5.255 001 J. F. Wild 4 Co.. Indianapolis. $5,057 00
E. M. Campbell & Co.. Indianap 5,057 50|Myers & Co
5,010 00
Proposals will
Pauls Valley, Ind. Ter. Bond Offering.
Moose Jaw, Sask. Debenture Offering. Proposals will be received until 4p.m. Oct 16 by T. S. Ventress, Secretary
be received until 5 p. m. Oct. 23 by John D. Simpson, City School Board, for $25,000 5% 20-year school-building bonds.
Secretary-Treasurer, for $6,000 5% 10-year walk and $38,500 Securities were authorized by a vote of 170 to 8 at election
5% 50-year sewer debentures bearing date Nov. 1 1905. held Sept. 11. "Some satisfactory guaranty" required
Interest will be payable at the Canadian Bank of_Commerce, with bids.
Moose Jaw.
Pawnee, Okla.—Bonds Refused.—The $7,500 6% 10-20Mount Morris, Livingston County, N. Y. Bonds De- year (optional) electric-light-plant bonds awarded recently to
feated.
The election Oct. 2 resulted in the defeafof the prop- the Trust Company of Dallas (see V. 81, p. 795), have been
osition to issue $45,000 sewer bonds, the vote^being 88 in refused by that institution, they claiming that the bonds are
favor of and 166 against the issue.
not a legal obligation of the city.
Murray (Ky.) School District. Bonds Voted. This disPelham, Ga. Bond Election. An election will be held on
trict on Sept. 30 by a vote of 173 to 7 authorized the issu- Oct. 17 to vote on the question of issuing $20,000 5% schoolance of $12,400 5-20-year (optional) school-building bonds. building bonds. Denomination $1,000. Date Dec. 1 1905.
Date of sale and full details of issue not yet determined.
Maturity
Interest Jan. 1 and July 1 in New York City.
Nashville, Tenn.
Bond Offering. Proposals -will be re- yearly on Jan. 1 $1,000 from 1916 to 1925 inclusive and $2, 000
ceived until 3 p. m. Oct. 10 by the Bond Commissioners from 1926 to 1930 inclusive.
(care of H. S. Bauman, City Recorder), for $125,000
Action on Vetoes.
Philadelphia, Pa. Loan Bills Vetoed.
suburban-street bonds.
Denomination $1,000. Date July 1 The Mayor has vetoed the bills submitting to a vote of the
1905.
Interest Jan. 1 and July 1 at Nashville or at the people propositions to issue $4,000,000 bonds to remove
banking house of Latham, Alexander & Co., New York City. grade crossings along the line of the Philadelphia & Reading
Maturity July 1 1935. Certified check for 5% of the amount Railway and $2,000,000 bonds for street improvements.
of bonds bid for, payable to the Village Recorder, required. On Oct. 5 both branches of the City Council passed the
Accrued interest to be paid by purchaser.
$4,000,000 grade-crossing bill over the Mayor's veto, but
the
$2,000,000 loan veto was sustained by one vote in the
Newark, Ohio. Bond Offering. Proposals will be received until 12 m. Oct. 26 by Frank T. Maurath, City Audi- Select Council.
tor, for $35,000 4% coupon hospital bonds.
Authority
Pickaway Township (P. O. Circleville), School District,
Section 2835 Revised Statutes of Ohio.
Denomination Ohio.—Bond Sale.—On Oct. 2 the $1,200 6% school-house
Date Aug. 1 1905. Interest semi-annual. Matu- bonds described in V. 81, p. 1063, were awarded to E. C. Wil$1,000.
rity $5,000 yearly on Aug. 1 from 1911 to 1914 inclusive and kins at 101.104.
Following are the bids:
$1,004 00
$1,000 yearly on Aug. 1 from 1915 to 1929 inclusive.
$1,213 25 Isaac Morris (for $1.000)
Bids E.C. Wilkins.
1,212 55
to be unconditional.
Accrued interest to be paid by pur- Williamsport Bank
Pine County, Minn.— Bond Sale. On Oct. 2 the 55,950
chasers.
Certified check on a local bank for 10% of bonds
bid for, payable to the Treasurer of the City of Newark, re- 7-year drainage bonds described in V. 81, p. 863, were
awarded to the Minnesota Loan & Trust Co. of Minneapolis
quired.
accrued interest and blank bonds for five per cents.
New York City. Bond Issues. The following issues of at par,
offer of $100 premium for six per cents was received from
An
corporate stock of New York City were taken by the sinking
the First National Bank of Barnesvile.
fund as an investment during the month of September:
Polk County, Mo.—Bond Sale.— On Sept. 25 the $50,000
Purpose
Int'st Rate. Maturity.
Amount.
Water supply
a
1954
$20,000 4% court-house bonds described in V. 81, p. 863, were
Various municipal purposes.
3
1954
88,500
General fund bonds
awarded to the Polk County Bank for $50,350.
3
1930
1,500,000
In addition to the above bonds, the following 'revenue
Port Austin, Huron County, Mich. Bond Election. An
bonds" (temporary securities) were issued:
election will be held in this place to vote on the question of
Int. Rate.
Ammmt. issuing $5,000 public-park bonds.
Revenue bonds
._
._
..
3M
$2,250,000
Revenue bonds
Port Huron, Mich.—Bond Sale.— On Sept. 29^$19,000
1,080.000
3f|
Revenue bonds
„
3>|
500,000
were awarded to Spitzer & Co. of Toledo,
Revenue bonds
4
6.450,000 5% repaving bonds
Following are the bids:
at 113618.
Ohio,
Total
$10,280,000
$21,587 50 Farson. Leach 4 Co., Chicago. $20,727 50
Spitzer 4 Co., Tolono
Nobles County (P. O. Worthington) Minn. Bond Offer- Commercial Bank, Port Huron 21.400 00 \V R Todd 4 Co., Chicago... 20.950 00
B.
21,304 75 H. W. Noble 4 Co., Detroit.- 20,ii34 00
Prior 4 Co., CI. 4
ing.
Proposals will be received until 2 p. m. Nov. 6 at the Denison,
Weil. Roth & Co., Cincinnati. 21.185 00 F. L. Fuller & Co., Cleveland. 20.(515 00
office of E. C. Pannell, County Auditor, for $8,000 construc- Seasongood 4 Maver, Cincin.. 21,113 75 St. Clair Co. Sav. Bk.. Port H. 20.430 40
Sec. Sav. Bk. 4 Tr. Co.. Tol_. 21.100 00 Knights or the Maccabees, P.H 20.251 50
tion bonds.
Authority Chapter 258 General Laws of 1901. W. J. Haves 4 Sons, Cleve
21,045 00 First Xat. Bk., Port Huron... 20,250.00
Denomination $1,000. Date Jan. 1 1906. Interest pay- Hoehler 4 Cummings, Toledo. 20,777 50
Denomination $1,000. Date July 1 1905. Interest semiable at some designated bank in St. Paul or Minneapolis.
Maturity $1,000 yearly on Jan. 1 from 1908 to 1915 inclusive. annually at the Hanover National Bank, New York City.
Bids are requested for bonds bearing interest at 4J^% or 5%, Maturity July 1 1925.
payable either semi-annually or annually as desired, and bids
Preston Independent School District, Jackson County, la.
are to state not only rate of interest but also whether same
Bond Sale. We are advised that this district recently
is to be paid annually or semi-annually.
Accrued interest awarded the $3,000 5-10-year (optional) 6% school building
to be paid by purchaser, who must also furnish blank bonds bonds described in V. 81, p. 687, to Edward Foster of Preston
free of charge.
Certified check on some national or State at 103.625.
bank for $500, payable tojthe Treasurer of Nobles County,
Princeton, Wis.—Bond Sale.— On Sept. 1 the $12,000 4%
required
bonds issued to purchase the plant of the Citizens Electric
Norfolk County, Mass. Bond Sale. On Oct. 3 $20,000 Light Co., a description of which was given in V. 81 p. 795,
33^% building notes were awarded to Blodget, Merritt & Co. were awarded to Congressman Weise of Sheboygan, at par.
of Boston at 100.067.
Denomination $5,000. Date Oct. 3 Maturity $1 ,000 yearly on Jan. 2 from 1906 to 1917 inclusive.
Interest semi-annual on Jan. 1 and July 1.
1905.
MatuRanchito School District, Los Angeles County, Cal.
rity July 1 1920.
Bond Sale.— On Sept. 25 $1,000 5% 1 and 2-year building
Northampton, Mass. Bond Offering. Proposals will be bonds were awarded to the Los Angeles Trust Co. for 100.25.
Date Sept. 25 1905.i^Interest>nnual
received until 8 p. m. Oct. 10 by George W. Clark, City Denomination $500.
Denomination
annual.
—
—
—
—
—
—
—
4%%
—
—
1
—
—
—
—
.
,
—
.
—
j
—
—
,
———
Oct.
—
—
—— —
.
THE CHRONICLE.
7 1905.
Bonds
Richmond, Va.
v
—
hall,
be issued to refund the $600
which will mature Jan. 1 1906.
Rockport, Mass.— Bond Sale— On Oct. 4 $19,000 1','
coupon school bonds were awarded to Karson, Leach & Co.
Following are
of New York City at 103.81 and interest.
,
j
the bids:
A
Sons, Boston tl9.803
19,591
19,583
00 Attains .v Co., Boston
19,576
oo l'arklnson A Burr. Boston
19,573
00 Merrill. t)klh:im A Co., Boston 19.;,.>7
'
sons.
Cleve.
I9,j u
J
HayesJA
..
«7fW.
Farson Leach A Oo.. N. v.. .$10.7
19,723
19.723
rook A Co.. Boston
19,672
r. l. Day A Co., Boston
19,671
Jackson A Curtis. Boston
Blake Bros. A Co., Boston... 19.657
Lawrence Barnunt A Co., Boat 19,630
BloJaot. Mcrritt A Co., Host, 19,639
H. Rollins
A
oo,.
90 lose. Parker
i
u
\.
\\
Date
§1,000.
.
Harris
A
Co., Boston..
Co., Boston
Sept.
1905.
1
.
—
83
85
—
70
27
80
M
1
I
50
Interesl
semi-annuallv at the National Exchange Lank of Boston.
Maturity SI. 000 yearly on Sept. 1 from 190(5 to 1924 inclusive.
Legality of bonds has been approved by Storey,
Thorndike. Palmer & Thayer of Boston.
Saco, Mont.— Bond Sale— On Sept. 5 an issue of $6,500
RCr*
5-20-year (optional) school-building bonds was awarded
to Puller e\ Bossant at par and blank bonds free of charge.
Date Oct. 1 1905. Interest semi-annual.
Saginaw, Mich. Bond Sale. This city has sold to local
investors an issue of $25,000 3J£% market bonds.
Bond Sale.
St. Edward (Neb.) School District No. 17.
On Sept. 16 an issue of §10,000 5% building bonds was
awarded to the Lincoln Safe Deposit & Trust Co. at 103.25
and interest. Denomination $100. Date Aug. 1 1905.
Maturity June 1 1920, subject
Interest annually on June 1.
is
—
—
1800,0001
800,000
300.000
Fire Department
Courts, police headquarters, etc 2.800,000
Hospitals
1
Bridges and viaducts
Klnsrs Highway boulevard
$2,000,000
500,000
2,000.000
800.000
Sewers
Public parks and squares
of these items (amounts varying somewhat, however,)
were included in the $9,000,000 bond issue defeated at the
election held last April.
—
On Sept. 18 the
Petersburg, Fla. Bond Sale.
$35,000 6% 20-30-year (optional) gold water-works, city-
NEW
Dawson County* Mont,
COUPON BONDS.
Public notice
is
hereby given that sealed proposals
111 be received by toe Board of County Commis
I loner- of Dawson Co tints, Montana, up to lu o'clock
a.m. on the UTH I'AY OH OCTOBErt. A.D. lwOS, at
the office of the County Cierk of stld Countv,
m
—
—
,
&
Following are the bids:
Co. of Chicago at 101.
$25,250|J. M. Holmes, Chicago. .Bid
John Nuveen & Co., Chicago
C. II. Coffin. Chicago...
New
Bonds not
Soldier (Idaho) School District No. 15.
Awarded. We are advised that the $3,000 6% 10-year
bonds offered for sale on Sept. 22 have been withdrawn from
the market.
—
NEW
Orleans. Sept. 30, 1905.
of the On t*. c»< ml in<r *>% Bonds,
Series B. ot the Board of Commissioners
for the 1'oiiichnrtra.sn l.evee District.
Notice Is hereby given bv the above-named Board
of its in eutiou to redeem ail of its uiitsiand ng t)%
Bonds, Seres B. maturing on the Hrst day of
November. lm>5. I'avnieot will be made at the State
National Bank. New Orleans, V get' er with all
accrued interest Holders of sai 1 bonds are notlfled
to present tbetu f r payment at said bank on the
flrsi day of November i9j5, on which cay al! interest
on Slid bonds will cease,
P.
M.
HUNTER
LAMBREM
C.
Penobscot Bldg.,
AND
PUBLIC SERVICE CORPORATION
BONDS,
President.
T
Perry, Coffin
&
Clerk of the Board of Countv Commissioners.
Dated September
R.
L.
Burr,
172 Washington Street,
Street,
CHICAGO,
IilST
Specialists
i5 Congress Street,
BOSTON.
Members
Blodget, Merritt
& CO,
,
36
NASSAU STREET, NEW YORK.
STATE. Clff & RAILROAD BONDS.
MacDonald, McCoy
MUNICIPAL
SEND FOR
New
Jersey Securities.
AND
&
Co,,
CORPORATION
171
La
First
Nat Bank
757-75M Broad
NEWARK.
St.,
Company
8c
Building, Chicago.
BONOS.
COUNTY
AND TOWNSHIP
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
Hon
Salle Street, Chicago.
Trowbridgefc Niver Co.
MUNICIPAL AND PUBLIC 8ERVICE
LIST.
New York and Philadelphia
Stock Exchanges.
of
H. C. Speer
BONDS.
STATE, MUNICIPAL, AND HIGH GRADfc
INVESTMENT BONDS.
ILLS.
Established 1883.
CITY
EXCHANGES.
RAIl.KOAU MECL'KITIKM.
in
Private Wires to
N. Y. & Philadelphia.
Congress Street, Boston.
8 Nassau Street,
MEMBERS
NEW YORK AND BOSTON
8TOUK.
& Co
BANKERS,
16
NEW YORK
•
-
BANKERS,
7th, A. D. l9oi.
BANKERS,
-
ON APPLICATION.
EiSELE & KING,
BOSTON.
Dawson County, Montana.
DAY
on&JHQ
DVNUO.
and
CORPORATION
INVESTMENT BONDS,
order of the Board of County C- mmissioners.
WVMAN,
POTTER,
B.
.
I..
Philadelphia.
MUNICIPAL
bids.
R.
Land-Title Bldq.
Detroit.
MUNICIPAL
mm
By
LOANS.
W. NOBLE & COMPANY,
H.
LFAKE,
'NT.
Secretary.
60 State
Conditional
25,000|
To the bolder s
OLENDIVK, MOOT ANA.
f. r the »ale of iS9) eightynine coupon bonds of one thou«and ($1.00' ) oolars
each, bearing not to exceed b% interest, paynble
genii annually in the months .f January and July,
fcond and Interest paya^e at opti.nof purchaser,
redetrnaole a'ier N.. vender 1st. 1915, payable November 1st. 1K26 Th" proceeds >.t the sale of such
bonds to be used to redeem (89) ihTty-rine bridge
C per cent coupoi. bonds of th« Issue of July 1st,
18^5 and (5> ) efty (uridine 6 per cent coupon bunds
Of the Usue of Nutemoer 1st. IM'5.
Bonds to be solo at rot less than their par value,
with accrued Uterest lr
November 1-t 1905, to
da'e of de iv.rr, and to the person offering the
highest price therefor and accepting the same at
the lowest rate 'if Interest. The successful bidder
to furnish 111 h graphed coupon bonds.
Each bid shall be act* mianied b' a certified check
In the sum of (fi.OOo) on" thousand do. ars payable
to the Treasurer of Dawso
County, which sad
is to be fo-feited by the b dder in the e»ent he
ihouio be awmded s id bonds at the open ng of the
bids for the same by the board and should fail to
eomple e 'he purchase f said bonas.
The board reserves the right to reject any and all
City Auditor.
ESTMENTS.
LOANS.
g89,000
',',
Shamokin, Pa. Bonds Refused. The $45,000 4% fire
bonds awarded on Aug. 1 to Graham & Co. of Philadelphia
have been refused by that firm on the ground that the ballots
used at the election at which these bonds were voted were not
Local papers state that an effort will
properly prepared.
now be made to float these bonds at home.
Shelby, Bolivar County, Miss. Bond Sale.— On Sept. 27
the $25,000 6% 5-20-year (optional) water-works and sewer
bonds described in V. 81 p. 934 ,were awarded to John Nuveen
M ast
St.
1
interest.
Proposed Bond Election. A bill was
St. Louis, Mo.
recently introduced in the City Council providing for a
special election Dec. 12 to vote on the question of issuing
$10,000,000 bonds for the following purposes:
Insane Asvlum
..
San Marcos, Tex. Bond Election. An election will be
held to-day to vote on the question of issuing $9,000 school
and $3,000 street 5% 15-40-year (optional) bonds.
Sebastopol, Cal.— Bond Sale.— On Sept. 30 the $60,000
43-3% municipal bonds described in V. 81, p. 1004, were
awarded to E. II. Rollins & Sons of Chicago at 100.33 and
—
to call after five years.
1135
paving and sewerage bonds described in V. SI, p. 796,
were awarded to the National Hank of St. Petersburg for
$38,005 56.
Salamanca, N. T.—Bond Sale. On Sept. 27 the $75,000
water and the $15,000 electric-lighl bonds described in V.
81, p. 1003, were awarded to Dcnison, Prior & Co. of Loston
and Cleveland, as four per cents, the purchase price being
$76,256 50 and $15,252 50 respectively.
Proposals will be reSan Diego, Cal. Bond Offering.
ceived until 7:30 p. m. Oct. 16 by the City Clerk for $75,000
coupon gold sewer and $54,000 4J^% coupon gold
Denominations $500, $350 and $375.
Date
water bonds.
Interest Jan. and July at San Diego.
MaOct. 1 1905.
Certified check
turity yearly from 1906 to 1945 inclusive.
for $5,000 'payable to C. L. Williams, City Treasurer, required.
Bonds are exempt from taxation. B. J. Edmonds
Four per cent bonds
and $263,780 6« bonds
Issued.
to be
will
Denomination
—
—
W.
ii
h>
and Hold.
HAYES & SONS,
J.
RONTON, MAK*.
I.KVKIMKII, OHIO.
BONDS s£o8k CERTIFICATES
or
<t
llthOKTiipbed,
|t«el
Enu-rav. d
narily piinted and part'l inn ur.iihod.
G f"r
PBINTI
Li HOOH PM KO >" i
< d
A itomatlo
ben>.
lUiik^ Bankeri
"''•
prtMei used
i
BONDS.
DENISON, PRIOR&CO.
CLEVELAND.
BOSTON.
i
i
lit
CHICAGO,
Nat. Bank Bldg.
B08T0N,
60 SUte Street
ALBEET
B.
KINO &
CO.,
i
206 Broadway,
NY.
THE CHRONICLE-
1136
—
South Vancouver, B. 0. Bond Offering. Proposals will
be received until 2 p. m. Oct. 14 by W. G. Walker, C. M. C,
Mt. Pleasant P. O., for $50,000 road bonds at not exceeding
5% interest. Securities are dated Oct. 21 1905 and will
mature "on or before" fifty years from date of issue. Interest semi-annually at the Canadian Bank of Commerce in
Vancouver. Bonded debt at present $35,000; sinking fund
$12,011.
Springville, N.
Y—Bond Sale.—On
Sept. 30 the $9,000
2-10-year (serial) judgment bonds dated July 1 1905, a description of which was given in V. 81, p. 1004, were awarded
to Isaac W. Sherrill of Poughkeepsie at 100.37 and interest
for 4 per cents.
Following are the bids:
Isaac W. Sherrill. PouKhkeepsie.. 100.37
S. A. Kean, Chicago...
100.30]
W.
1
J.
Hayes;& Sons.[Cleveland... 100.29
—
Starbuck, Minn. Bond Issue. We are advised that this
village will obtain a loan of $5,000 from the State of Minnesota.
—
Sterling, Colo.
Bonds Voted. This town recently authorized the issuance of $45,000 water-pipe bonds by a vote of
78 to 19.
Y—
—
Theresa, N.
Bond Sale. On Sept. 20 an issue of
$20,000 3.74% electric-light bonds was awarded to the
Watertown Savings Bank at par. Denomination $1,000.
Date Oct. 1 1905. Interest annual. Maturity Oct. 1 1930.
Toledo, Ohio.— Bond Sale. We are advised that the
$10,076 02 5% sewer bonds described in V. 81, p. 1005, have
been taken by the Sinking Fund Trustees at par and interest.
—
District, Cass County, N. Dak.
No
are advised that this district has
given up the idea of issuing $4,500 school bonds and has
made the proposed improvements out of the general fund
and tax levy. It will be remembered that this district over
a year ago voted to issue $8,000 school bonds and that subsequently the Attorney-General had held this election to be
invalid.
new election was thereupon taken under consideration, but the project was abandoned, as above stated.
See V. 80, p. 1936.
Tower City School
Bonds
to
be Issued.
— We
A
—
4J^% 10-20-year (optional) refunding bonds to
James A. Causey of Denver at 98 and 98)^ respectively.
Denomination $1,000. Interest semi-annual.
Troy, Ohio.— Bond Sale.—On Oct. 3 the $13,500 4% refunding bonds described in V. 81, p. 1065, were awarded to
Rudolph Kleybolte & Co. of Cincinnati for $13 777 50 and
$82,000
interest.
—
Turin, N. Y.
Bonds Voted. At a special election held
Sept. 26 this village by a vote of 44 to 4 authorized the
issuance of $14,000 water-works bonds.
—
Warrenton, Ga. Bonds Voted. The election Oct. 2 resulted in favor of the proposition to issue $15,000 30-year
school bonds by a vote of 155 to 1.
—
Watertown, Wis. Bond Sale. On Sept. 30 this city
awarded an issue of $5,000 4% sanitary-sewer bonds to local
investors at par.
Denomination $100. Date Oct. 1 1905.
Interest April and Oct.
Maturity $1,000 yearly on Oct. 1
from 1906 to 1910 inclusive.
Waupaca, Wis. Loan to be Made to State. We are
—
advised that the $14,000 3}4% water-bonds or certificates ef
indebtedness mentioned in last week's issue will be sold to the
State at par.
Waverly, Minn. Bond Offering. Proposals will be received until 8 p. m. Oct. 30 by William Quinn, President ef
not
Village Council, for $8,000 water- works bonds at
exceeding 5% interest. Authority an election held Sept.
14 1905.
Denomination $1,000. Date July 1 1905. Interest semi-annual.
Maturity $1,000 yearly on July 1 from
1907 to 1914 inclusive.
White Plains, N. Y.—Bond Sale.—O* Oct. 2 the S28,00t
4% 30-year water bonds described in V. 81, p. 1006, were
awarded to H. L. Crawford & Co. of New York City at 103.56
and interest. Securities are dated Oct. 1 1905.
Yankton, S. Dak. Bond Sale. The following bids wert
received Oct. 2 for the $26,000 43^% 10-20-year (optional)
refunding park bonds:
N. W. Harris & Co., Chicago... $26,5281 W. J. Haye. 4 Sons, Cleveland. .$2fl.»72
Co.. CI. & Boat. 26,837
Kane & Co., Minneapolis..
26,460 Denison, Pri»r
a26,»4»
U. M.Stoddard & Co., Minn
26,350 Seasoneood * Mayer, Cincin
—
—
<fe
The City Council on Sept. 25
Trinidad, Colo.—Band Sale.
awarded $200,000 4J^% 10-15-year (optional) water and
Farson, Leach & Co., Chicago... 26 143|C. H.Coffla. Chicag*
a Less $300;for attorney's fees ana blank bonds.
MISCELLANEOUS.
INVESTMENTS.
Rudolph Kleybolte&Co The United
BAHKERS,
IN
MUNICIPAL, RAILROAD and
STREET RAILWAY
Interest Paid on Daily
States Life
THE CITY OF NEW YORK.
John
P.
Munn, M.D.,
President.
Leathei
JAMES E. PLUM
CLARENCE H. KELSEY.Pr.Tit.Gtiar.ATr.Oo.
WILLIAM
H. PORTEB.Pres. Chem. Nat. Bank
and Time Deposits
ACCOUNTANTS.
LYBRAND,
ROSS BROS &
BO^DS.
LIST ON APPLICATION.
SEAS0NG00D &
make DIRECT CONTRACTS with this well
•stabllshed end progressive Company, thereby
securing foi tnemselves not only an immediate
return for th-lr work, but also an in creasing
annual income commensurate with their
lucoess, are invited to communicate with
RICHARD
1VTAYEK,
mercantile Library Building,
Stephen GSlrard Building;,
PHILADELPHIA.
Wall Street Kxchaoite Buililinc,
NEW VIIUK.
WM. FRANKLIN HALL,
Accountant,
171
LA SALLE STREET,
CHICAGO.
The American Mfg. Co.
MANILA SISAL AND JUTE
CORDAGE.
hiting
Papers
<
"
65 Wall Street,
New
C
K
EL R R,
J.
CERTIFIED PUBLIC ACCOUNTANT
FULTON & CO.,
Municipal Bonds,
B0ST0N MASS
Examinations and investigations conducted with the utmost
care and emcienoy.
Books audited.
3d Vioe-I resident,
277 Broadway, New
Paid to Pelicynoiders in 1904, $1,204,321 ?&,
F. R.
^la^ate^reer
COCHRAN,
E.
at the Company's Onioe,
York City.
Assets over $9,000,000.
CINCINNATI.
Public Accountants.
Certified
Active and successful Agents 'who desire to
MUNICIPAL AND RAILROAD
»U
(Pennsylvania)
Finance Committee:
YORK.
26,
MONTGOMERY
Insurance Co.
DBALBB8 IN
BONDS.
27-29 PINE STREET, NEW
[Vol. lxxjl,
WASHINuTON LiFE BUILDING,
141 BROADWAY,
TELEPHONE 6i)42 COHTLANDT.
NEW YORK.
Wilkinson, Reckitt,
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
&'£ Broad way, New York.
PHILADELPHIA.
CHICAGO
"»* W. F.WEISS,
York.
CERTIFIED PUBLIC ACCOUNTANTS
12S Broadway, New Vorfe.
TELEPHONE—«758-8759 CORTLANDT.
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Philadelphia.
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Mills: Holyoke, Muss.
CORRESPONDENCE SOLICITED
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&
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U Company
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OF PITTSBURGH, PA.
Paid up Capital $200,000.00
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street. New York.
Tel. 4»5» Broad.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
56 Pine St.. New York.
Also at Calvert Huildins, Baltimore.
JAMES PARK & 00.,
PUBLIC ACCOUNTANT8.
Broadway, New York.
M
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