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..
.
1
1
1
'
finandal
Dnimerri
Entered according to Act of
CoTiErress, In
by William B. Dana Compajty,
the year 1904,
In the office of Librarian of Congreas,
Washington, D. O
J
SATURDAY, OCTOBER 8, 1904
VOL. 79.
NO.
GLEABINQS—FOB SEPTEMBER 1904 AND 1903 0LEABING8—WEEK ENDING OCT.
ALSO SINCE JANUAItY
1,
AND
1904
Nine Months.
SepUm'^er.
CUaringtat
1903.
1904.
in.0T
Dtc.
%
NewTork
Philadelphia..
Pittsburgh
Baltimore
Buflolo
WasblDgton....
Albany
Rochester
Scranton..
—
Syracuse
Wllmingrton
Wilkes Baire...
Wheelltjg
Btngb amton. . .
OreensbuTK
Chester
Frederick
Total Mlddl*.
5,354,707,661
459.5 '4.433
4,291,468,851
156,249,270
87,05 ?,038
26,802,444
16,062,021
16,105,098
11,789.431
6,610,708
4,804,002
S.875.550
8,758,046
8,079,366
1,650.000
1,517,191
183.0. '.8.278
l,576,88t
790.041
6,156,399,1£6
P«>vldenoe.....
Hartford.
476,108,083
24,617,900
10,447,057
New Haven....
7,961,.S96
Springfield
5,641,409
4,840,398
6,677.212
2,045,770
1,820,387
1,722.281
1,962.348
Boston
Worcester
Portland
Fall River
Lowell
New
—
..
Bedford...
Holyoka
Total N.Eng..
643,850,343
433.226,962
88,919,671
26.000,792
16,527,448
15,668,010
10,080,988
6,796,147
4,92l,6r
1904.
$
-146
—11
+1-2
+2-8
+2-8
+170
—2^
—2-4
?
New York
Philadelphia
Pittsburgh.
Buffalo
Washington.
Chlcaso
Cleveland
Detroit
Milwaukea
Indianapolis
Columbus
Toledo
Peoria
Grand llaplda...
Dayton
EvansviUe
Akron
SprinKfield,
111...
xounsistown.....
Kalamazoo
Lexington
Canton
Rockford
722,214.793
100.769 650
55,0Ui,2;0
42.258 965
87,647.702
87,560,657
19,110.500
14,534.990
13.401,164
8.028.178
7,010.869
5,915.349
2,108,900
3,476.583
2,096,561
8,152.982
1.014,966
2.044,223
1,949,211
Springfield, Ohio
Bloomlngton
Qutncy
Decatur
MansHeld
Jacksonville, 111.
Jackson. Mich...
Ann Arbor
1.504,636
1,711.009
1,274,818
1381,158
853,904
1,127,918
882,210
380.540
Total IL West. 1,079.337,208
San Francisco...
Los Angeles
Seattle
Salt LakeCnty...
130,329.021
24,817,591
20,432.310
12.668,861
Portland
188:«.952
Spokane
10,799,270
9.5.89, 442
2,402,405
Tacoma
Ueleua.
Fargo
Sioux Kails
Total Paciac.
233,265,450
2,146,
U9
1,341.440
Brie
Franklin,
95,343,22;
8,J,:iN.5.32<
63.276.9'.(^-
3.J,0'j5,445
31,727,111
23,017,129
St.
Panl
St.
Joseph
26.7.J0.H6
2<),265,«I3
Denver
Des .Moines
22,836,112
20,707,123
9,."»S,-.4I6
8,.53l.llc
.5,169.370
7,067. .W
3.5.j1,18I
Sioux City
5.368 115
Topoka
4,086.6211
Davenijort
3,9-3,2 10
4,125.879
Wichita
Colorado S|>rings
Fremont
To. other West
St. l>ouls
New
20.720,8:1'J
Orleans
1.9ll,2-V.
1. 000,13.";
319,347.90.
223,441. 439
57,102,97.-
+3-0
+34-9
i-4-3
210,861,018
31.879,231
40,877,039
27,0M).9!2
14.752.313
11,502,921
Nashville
10,4W«,()(>5
Augusta
4.522.536
8,317 5-0
Little Itock
2,H29,80i)
Macon
Chattanooga
Beaum'int
2,089.907
....
Jacksonville. Kla
Total South
. .
;i,0j3
0.>
1,3)2,800
3 2118 131
512 0,M,S24
+«-5
9.966.393 -1-48-U
10,022,8-1 +-14-.9.941,239 +30
6,990,439 + 14-9
6,138,011 +15-4
2,578.0.55
4i;i.328
Helena
-\-z
Fargo
Sioux Falls
Total Pacific
Kansas City
.Minneapolis
6,.338,134
„
Deuver
IJos Moines
Sioux City
Topeka
Davenport
Fremont
West'm
+3-2
1
—34 2
a84 281
1,586,955
661,802
—0-9
—95
15"3
— 18'3
-9-3
+4-7
—190
— 19"8
—23
1
8-5
167.599,173
TB 826 422
1
+32
1,543,204
1 166 196
l,52;i,15y
—8
-37
-12-9
—7 8
84,037,721
4,144.221
+9-1
4.3;!5,31S
-17-9
-11
-23-«
-46-4
+ 12-3
-288
— 161
-9-3
—13
+
—
9
1-4
7"o
—11
2,672.297
4.479.501
1.910.104
1.595.907
--17 2
- -0'|):j
--:s5-2
-236
535481
+ 13-3
521.6;i7
+0 4
266,511
-5-9
-8-9
+22-5
+3-5
51.548 701
+2
23.754,218
17.968.547
7,747,135
0,5;i4.609
1
5,030,649
—1-4
+5-6
2,197,5.'>8
+0 02
4.109,215
4,250.000
2.011,732
+43
-67-3
-16 3
748,687 -M7-0
8 14 ,35- 4-196
220.026
+4-5
Not incliuic d in to
lie
f 104
82,025,778.251
31,296,721^593 31.994,271,f,.'(7
-2-2
uiniont
Jacksonville
CohimhiiH.OH
144,747
78,468'
•i38,974y6(i
26,675.02*1
2,963,573'
4,119.570'
4.029,898'
2.745 945
1,528,838
1,271,535
508.341!
601.973'
262.538]
44.596.633'
19,577,236:
15.696.92lj
6.604.220!
5,445,747
6,039,7041
3,931,287!
I,9ii2,883'
4S<I,937'
4i00,7l3;
1,203.388
1,091.631'
SO8,700
+22
+8 6
^70
+83
47.647.520
44.970,111
10.564.660
6
4.623.0tK)
11.409,39(i
10300372
7,7-6.68-
-11-1
-;u 9
+2 9
+468
JO
1,522,9.S<
1,11.3,164
+4 4-0
773.7;;;)
1,098.691
921.460
2.849.308
986,962
-13-6
1,429.981
i'2 1,767
-I-801
(r3
—
9..-0;1.174;
6,962.182
4 558,600
3,796.113
4,005,688
2.622.530
2,6.(9,8261
1,527, 12B
1,299128;
1,698.663;
9,^'^,850(
686,0841
1,50;1,79»
8el,b9«,
1
—
729
t
Weekly tign rps not aval lablc.
008,359
612,709
+ 9-1
Not Inch] lie (I in t<.
134,34.H,795
121,167 811.- + 10tl
901,057,071
61,000'
18l,0S4i
lal.
+ lt'-8
-20-I1
^.'J^s,lH13,4l2
812,298
898,728
(H.337.376'
1.81 17. 4
Total Soiilliom
Total all
2,188,462,.386
Ouuide New York.. 894.754,294
279'365'
889,314;
72461.400
l,l:ts.902
1,20-, 931
7;.'9
4a*i 504'
451,1 1«;
426 957'
7
+2
2.60;i.6l2
633,1100
700.000
637.63*
507 008
119.261
2,7.32,(>91
'0
836,449
639,900
664.830
509.100
1
II
1,353,903.
l.O^ia.fiOO'
Norfolk
1
4,-256.789'
1,it08,840
1.550.9.38
l,3;t2,931
.N'ashvillo
926
.59.<».438,
+6-5
4,7,-3.1*23
Augusta
169
2,700,923
2,547,707
1,575.933
4.306,742
:;, 763.466
2,803,047
1.870.299
1,319.835
939.929
8-.e6.378
3-0
-28-8
-44 9
Knox^llle
487.710'
2,697.256
2 795 889
— 7'4
85,663,260
5 783 171
4.553 968
2,940.583
3,876,611
2.568,266
1,906.793
541.973
474.429
278.996
1,244827
035
-18-1
—26-4
-46-7
Fort Worth
ISirmingliam
6,83'
737 354j
966,' 868
665 658
1
18 807.050
13.-32.7801
13,900.000;
6,837.099
259.027,226
2,429.964
l,734,Kj7
1,616
1,77:;
21,360,400
17,499 400
9,633.774
8.213,306
5 764 068
-18-4
—0-4
+2-4
15,698.23;
2,(;67.0I4
.-03.037
1.826.437
1,261,H63
462,018;
896,147:
169.309,969
4.214,681
.Memphis
Atlanta
746,38«
331 500!
147,318.430
7 192 60O'
3,2J8,20l
2 226 46'7
—'J'H
74,930,072
51,400.584
14,715.488
9.603,034
10,621.703
1,418,47*
2.028,912
834.213
148,842,658
7.359.200
8,241.100
2 455 226
1,495.295
1 804.026
1,590.904
1,098.303
512,939
491.104
419.205
271.967,057
1,312,311
1,760.296
1.157,103
3,813,260'
2,376,574*
l,&44,59Si
tal.
+2-9
-81-2
4.774.16,
43.867,788
23,366,794
6,531,77*
o 805 444
—0-6 2,004,913.898 1,487,598,730
663.000
680,000
653,195
471 067
435,931
499,263
367.491
367,422
314.492
386,845
271.917
209,498
167.172
170,000
72.330
58.590,052
23.638.223
19.420.507
7.922.984
6,403.001
190L
856,595
356,400
348.302
426,126
— 1-8
-17-8
-11-1
-13-9
—14-6
3,863.818
3.057,154
3,278 '.)12
.Savannah.
_8B
+ 153 75.629,68.S,05f;
+2-2
—12-1
-;}o
1.583.00«,2-2 l,152,;i94.621
3.382,381,019
6,232,371
3 834 894
3,673.625
3,123,712
1.506,161
5,76(;,30o
+ 130
3,489,571,152
25 663 950
7..53:i,000
6.1,V225'-'
7,:!;i7,377
20,-)6407 -t-20f<
Ontaide X. T.
15.962,126
11,500.000
Chattanooga
7,«73.849.87'i
62.52:{.578
Houston
Galveston
Richmond.
19, ,223,96.-.
16, .34fi..390
-27-4
76.929,700
10,276.:f83
.VlHCon
8,844,278,813
1,100.000
412.243
230,000
Louisville
Mtlle Hock.
Charleston
453,267 831
4,700.011
5.307,952
2,197,991
1,309.468
675.722
969,879
Wichita
Colorado Springs
26, 751.;{-6
+6-7
5,202,139 -13-1
5,464.87.1 +52-2
2.7H9,9M f2-^
3.120,000 -13-8
3.068.81 iC. —0-5
4.523,20<;
l,8.-,0.752
55,120,2!i8
21,.532..S65
St. Paul.
St. Joseph
1
537,384
279.978
23,789.500
8,200,000
Omaha
03, 937,196
59, 423.7,-58, 7i;i.7:;i
46. 702,7242, 5.37,171
47, 941.003
34, ;f37.7 7ii
27, 7 76.0iMi
Total aU
:
Tacoma
548. 748.22i:
399. 815.8; 1
234, 327,296
143, 5:i 1.000
132, 312,66;!
125, o;i8.2;iu
13.', 669,ti23
9-, 918,161.
19,38.810
Atlaiiifu
Knoxvilie
Spokane
17,iS3,5'J-4
t32-|
4.82.".,0.3
Seattle
Salt Lake City
Portland....
52,121,h;')0
+20-0
....
San Francisco
Los Angeles
2-,33l.099
f 10-1
13 686.97:
Worth
Birmingham
Total Mid. Western
Total other
St. Louis
New Orleans
I8.2oii.rjoo
Fort
,
Ann Arbor
36,631,38.;
25,9.'j3.2riO -I-40-7
6,881.371
7.0«4,701
Bloomlngton
Ouincy
Cedar Rapids
21. 059,1100
lS,V.i|,S4'
Norfolk
Springfield.
6,8-8,223
:;6..:o."/,623
Memiihis
Lexington
Canton
Rockford
+ 12-4
llouslon
Savannah
508.3i;5
^
45.926,655
-171
d in to
1. .
$
$
1,779.504.377 1,292.808.248
115 21 1 floa
129 829 806
—2-5
+3-7
-2-8
—47-2
-18-9
+9-7
—12-5
-15-2
153.159.190
704,702
400,000
374,835
446.056
321,033
808,003
820.000
222,197
208.875
204.820
180.000
81,762
Youngstown ..........
—OS
2,736,629
1,915,084
1,523,967
1,441,863
2.131,032
898.133
464.514
465,310
548,188
81,088,736
5 ;il2,'201
4,969.533
2,820.218
4,541,881
2,&6S.984
III
Decatur.
Mansfield
Jacksonville
Jackson.
7154 100
250,815,987
Akron.
Springfield,
133 885 370
186,857.785
22,003.000
15,449,004
9,013,480
8.273,679
6,588,852
4,937.100
3,706 934
3,359,138
1.901,386
1 522,216
1,221.113
638,000
903.342
571.033
650.064
525.552
699,618
397,706
451,470
366.838
352.684
258.046
206,023
221,417
175.000
118,757
12.007.153
9,576,985
8.475,066
6,098 221
4,794,400
2,472.273
1,920,000
1,621.758
1,123.396
402.000
741 898
2,451,623,995 2Af2032772+6-2
1,842 ,01 8,073
284,217.701
43..547,H7r,
Richm.,ii(l
170 963 310
22 703,200
Peoria
53,463.4
-422
129.926.969
8,03.3,719
81,407.0'.ii<
2,789,3«a +47-9
2)-2
1,538,71.777.247 +28 7
I,ouisville
Galveston
New Bncland.
Grand Rapids
Dayton
17.j,141,i7;
+ 12-3
113.873,184
6.201 100
2,482.842
2.005,261
l,2o3,5C3
1,155,579
1,638,699
474,345
376.657
510,601
475.138
Indianapolis... .•*•...,
189,87 l,.-o-
+3-,-
1,541.320,545 1,649,089.173
Toledo
2^\.',l^>i.^•v.,
+108
1.020,248
„....
Chicago.
Cincinnati
Cleveland
Detroit
292,311,21.7
+ 12-4
Pa
New Bedford
Holyok©
768.639,546
490,451,311
+ 161
-22
892,716
739.92»
376,100
404,103
549,632
531,112
232,898
Not Include
669,389
869 500
832.528
888,185
457,049
198,753
Portland
Fall River
Lowell
+
+
100,973,830
1,138.987
1.470.432
884,808,
Worcester
+
Kan.sas City
1,018.003
987.648
Springfield
—
Omaha
1,643341
%
+20
— 13"t
-24-3
— 12'7
1904
1,
1901.
1902.
Dec.
1.678,88-1
Hartford
—3-1 5,403.665,924 5,739,060,489
128.121,595 +1-7 1,110,632,352 1,116 903,490
1-6
24,419,089
247,078,881
220 639,
17,674.169 +15-1
157,687.482
130, 111,539
1-4
12,389,993
108,198.689
108, ,480.506
19-0
15,831,175
130,655,543
20(i,l(i0
14-0
9,421,202
85,534,182
80, 213,212
8.330,08 +15 1
76,247,445
72, (149,917
2,823 000 -14-9
23,4«3.635
21, 518,431
17,212,S4(
1,178,374 -1-5
19. 517,621,090.14( +22-4
9,8:18.249
9, 192.293
222,245,304 i-oU 1,966,599,306 1,924,432,354
•
.'
Reading
Total Middle
58,667,010,761
716,160.082 +0-8 ;,S00.508,570 6,506,808,2.';2
88,054.400 +17-1
914,769,400
872.562.600
62,735,3(i3 —12-3
509,017,533
611,137,936
40,738,886 +3381,091,329
887,252,564
83,721,144 +ll-(
296,429,079
284,259.90
24,366,520 +13-1
233.975,759 238,089,53;3
18.237.200 +4-8
164,671,600
169.488,200
15-0
17.102,594
121,008,928
125,119,746
13,169,397 +1-8
101.634,838
108,363,562
7,794,392 +3
74,626,535
71,968,39;;
6,907,129 +1-6
65,575,201
64,747,998
5,273,056 +12-2
61,184,891
48.203,363
8,058,300 -31-1
21,599,800
28.424,300
8,:«7,9i5 +3-5
27,653,143
26,793,882
2,712,566 —22
20,448,907
25,467,221
2,754,760 +14-4
27,558,000
25,438,719
2,434,200 -214
24,914,188
22.525,734
2,530,000 -19-2
21.458,512
20.302,208
1,898,318 +2
17,802.786
17,055,435
1,770,221 -16-0
15.223,74'
16,174,681
1.524.024 +12-8
15,699,522
14,358.739
—1-5
1.293,035
12.323.131
1 1,583 972
1,190.143 +16-1
10.98:i,702
10,683,412
863,18'
l-l
7,461.509
8 224,330
931,603 +21-1
8,804,901
8,394.604
753.397 -t-lTS
8,081,047
7,463,848
373,677 +1-8
3,489,045
3,463,036
1,059,099,677 +1-9 9,657,847,183 9,730,855,393
,
Greensburg.
Chester
—
Minneapolis
AND
Inc. or
1903.
$
1,853,70S.092 1,327,845,721
106,703 689
123 952 193
36,304.969
47,970.700
20.826.448
28 856.814
6.119.363
6,276,929
8 958 631
4,104,452
4.025.653
4.143,757
8,558,289
3,085.180
Wilmington
Wilkes Barro_
Wheeiing-
Total
Cincinnati
..
.
aochester
Scranton
Syracuse
3-2 [.734.029,675 5,038,174,203
491,880,470
24,802.800 +1-3
249,935.700 239,492,600
9,619.734 +8-6
103.484,644
104.164,803
7.006,337 +13-6
75,012,920
70,251,043
5,819,763 -31
57,189,805
63,145.893
7.352.913 -34-1
44,783,701
64,038.389
6,556,557 +1-8
57,580,753
57,160,553
2,992.116 -31 e
29,021,639
33,982,638
1,812,930 +04
17,636,4t;3
17,185,996
—8-6
20.396.4'"
1,835,901
17,523,962
1,799.861 +9-1
17,917.123
16,387,4,^9
661,088,402
1004.
Dec.
1,474,057,178 1,814,209,02M
793.233,521
868,105,899
238,539 268
235,318,038
165,562,590
153,546.752
187,747,605
141,109,979
107,265,071
100,535.080
66,079,476
65,268,923
47,232.527
50.334,006
41,074,152
46.415,182
33,936,12(i
35,927.119
26,267.140
28,973,932
16,628,800
16,369.100
14.638,904
17,555,332
16,959.246
17.724.104
6,418.589
6.349,830
+ 20-9 51,566,943,366
1903, 1902
Week ending October
CUarinjt at—
In. or
1903.
+24-8 44,333,963,463 50,631,504,614
+6-1 4,057.839,715 4.407.733.873
4,819.015 -19-6
-1-4
8.810,02
2,997,722 +21,628,000 +1-4
1,764,822 —14-0
1,950.541 —19-2
732.035 +7-9
5,030,380,935
ALSO SAME WEEK IN
190S.
2050.
965,000
580.000
1
881,00(1'
414,890
800.251
849,79».
110 057 447
1(K),240,81'^,
lAl,
-l-h 2.070.318.741 i.mm 347.099
-7-4
Takle CleKrlnsa br Telesrayk and OaDndInn Clearlaga on pacaa 114U nnd 1441.
890.814.364
815.6t8.844
,
THE CHRONICLE.
1430
TEE FINANCIAL SITUATION.
Wall Street has
of
momentous
deals,
parties concerned.
week been flooded with rumors
all of which were denied by thf
thla
St. Paul appeared to be the chief
(Vol. liiix.
luuveu^eai, sucQ aa me carreui week ti<%« ciodcU wich.
But the dally developments are of so eDcouraglng a
nature that properties with good promise will con-
tinue to feel the restorative influence.
To say that the public has had no part In the recent
Northern Pa stock revival li not correct.
A recovery after a
cific. Great Nort^•ern, Southern Pacific and Northern snarp and severe liquidation always begins with added
those who are In the
Securities were sub- centres, with others of still less fakings by the large holders
stories afloat would seem to have had best position for observing the earliest evidences of a
account. The
centre of interest, but
Union
Pacific,
—
some particulars apparently
antagonistic; but over them all was placed the self
illuminating announcement which a settlement of the
Harriman-HUl differences would naturally emit. The
inherent force of the rnmora may be measured by th*^
fact that St. Paul advanced on Tuesday 7 points to
167, clcslDg at 166, while Wednesday it rose to 169f
closing the same day at 167^; whereas on Thursday
the bubble burst—the close that day being 16fi^ and
In view two purposes In
on Friday 166|.
Another class
better state
of affairs.
On
this
occasion there has
some time a noiseless buying by smaller
investors, In no measure speculative, which In the
aggiegate has absorbed a considerable volume of
the more tempting properties. London and Berlin
also existed for
appeared as purchasers.
doubt will Increase under
These operations no
referred to, which canthe dally developments
not fall to encourage growth of confidence.
likewise
have
of
late
This week's happenings have been of an espaca budget of
Prominent among them
gossip not news, because it had been worked over lilly favorable character.
is
the report on cotton of the Uolted S ates Deis noth
to prove that there
for weeks without effect
partment of Agriculture, Issued oa Monday last, and
ing real or lasting in the security market advances
36*
scheme promulgated was that large capitalists which made the condition 76*8 on September
—
of operators let loose
—
The
had taken possession of the market and have beer Those figures seem to assure to the spinners of the
meet
working with a united front, first to bull pricea; and world a supply of the staple amply sufficient to
Of
that, they are the current season's consumptive requirements.
now, having at length accomplished
tO'day seeking to devise a way for unloading on the
lambs. As there are no lambs, they say, lured in ae
yet, and no public interested in the advance, they
have not succeeded in finding takers for their newly
assumed burdens; hence their getting out of the
fiXjWlU simply be a return of prices to where they
were before their purchases began. This theory has no
The explanation and
support in fact or reason.
market recovery which has taken place
basis for the
We have many times shown the source
iSiObvlous.
of the movement and its wholly natural development.
Recovery was inevitable concurrently with the change
Is yet a decidedly Imdetermining the ultimate yield, but
portant factor In
the comparative earliness of the present crop tends to
lessen the harm frost can do unless it comes abnormally
List year the crop was very late, the latest in
early.
our record, and frost was very early, shortly after the
middle of October. This year the crop Is fully two to
three weeks in advance of 1903, conditions having
caused It to mature rapidly, and there has been practically nothing to interfere with Its speedy gathering.
course the time of killing frost
Furthermore, the prospects, with frost delayed, of a
fair top crop are 'considered good by those who have
and eplrlt of the whole financial situation. made recent investigations.
This October report of the Department, being the
Every one must see that afl!alrs have merely gotten
condition of the growing plant is
out of that lower deep of discredit to which financial last la which the
in tone
.
covered, is quite generally used as a basis for figuring
out the probable crop. Making such use of it this
datlon.
reached.
Oa that occasion there was literally no market, anr^ year some very interesting deductions are
reports the average
Department
values dropped below the lowest possible estimate of As stated above, the
66*1 last
eventuality of the belief condition on September 26 at 76-8 against
worth. This was a natural
66'8. The
ten-year average of
then held in almost all business circles of the insta year, 58-3 In 1902 and a
average yield per acre during the decennial period
blllty of financial affair?, threatened, as they^appareat(1894 to 1903, inclusive,) was about 201i
ly were, by the insolvency of many leading banks and covered
nine-points Improvement In condition
bankers. Who would want to purchase a security at pounds, and the
We need not enlarge upon the over the ten year period now reported would appear
a; time like that ?
weather during the remarvelous;^change in tone and character of business to Indicate that with normal
Not only has the mainder of the season an outturn of 220 pounds could
affairs that has since occurred.
year's area (32,363,030 acres)
then existing distrust passed away and been al be looked for. Oa this
we showed a week that would'mean a crop of 14^ million bales of last
but, aa
most forgotten,
The lowest return per acre
place. season's average weight.
filled
its
ago, no ^ little buoyancy has
years (In fact since 1889) was
Indeed, a free and rampant bond buying movement 8 cured daring the ten
but the condition this year being
has been a feature for many weeks, not only remov 170 pounds In 1903,
reported 10 7 points batter, a yield of 188 pounds is
ing the prominent cause of the deep distrust the unten-year comparison, which, applied
digested .securities in bankers' hands but has pushed indicated on a
stated, would give 12i million bales.
on to other fields for investment. All this does not fothe area above
other hand. If we were to make similar calcuindicate that there will be no back-sets from time to On the
upon the big-crop years (1897 98 and
time in Wall Street's recovery; confidence Is of a dls lations based
when approximately Hi million bales were
criminating character; it has not as yet reached the 1898 99),
from a planting of only 23 million acres, an
reckless stage. Promiscuous advances without regard secured
outturn of about 16 million bales would be indicated.
to current and prospective earnings Invite jast such
these possible deductions, not Intending
experiences, and so far as they occur they are likely We refer to
Indorse any cf them, but merely to show the contoj indttoe a general, though temporary, retrograde to
clrole8;fell in
the closing dips of our security llqul
;
—
J
i
'
—
i
Oct-
THE CHRONICLE.
8, 1904.1
1431
and ac so late a date mat the
means for a correct knowledge are much more comsloDB cannot be accurate, as the condition fig
nres cannot always bare had the same relative plete than they were a month ago; moreover, if we
base an estimate on the September condition figures of
meaning.
the Government for the same three States, the result
Another favorable development this week is the would be only 145,000,000 bushels. There are other
more distinct evidences which have been received of •^qually significant statements coming from other
oluBions to wolcQ tHej lead.
Of coarse
sacti coucla-
respected authority
when
the growth in general business. The reports as to the
improving situation of the iron and steel trade are a
sources of information, so that
conspicuous instance; and as it covers so large a field
of operations and has been always considered a tell
tale of the tendency of trada to develop or contract,
the latest reports are especially encouraging. We
cite the Iron Age, which has been hitherto the cur
be materially larger than
So also the corn crop
turn out larger than even our estiis quite certain to
mate of 2,250,000,000 bushels put it, if we accept
recent estimates.
Current figures seem to come
near to 2,400,000,000 bushels as the yield In
rent season quite slow In discovering improvement.
It says in its review of these metals^ dated yes
terday
(he
Government makes up
wheat crop, the
Its
its
it
looks as
final
if,
estimate of the
resitlt will
condition figures forecast.
1904.
:
Withdrawals seemed Increasingly imminent this
week by the French and the German banks of gold
from the Bank of England or from the London
bullion market.
This was more seriously threatened
than in the previons week because of the sharp fall of
three centimes in exchange at Paris on Landon and
also of the large loss of 6 millions sterling by the Imperial Bank of Garmany.
I'o prevent such withdrawals the price of gold bars In the open market in
well.
London was this week advanced to 77 shillings 10
The disposition both of sellers and of buyers is still
to proceed vei y conservative! 7 until the future has pence per ounce. This advance was also partially reshaped iteelf. Thus in staple lines, like wire prod flected in our exchange market, causing a revision of
nets, the leading interest will not sell beyond sixty calculations of the gold -importing point; whereas the
days and in other branches a similar attitude is main- metal might previously have been brought out from
tained.
The export movement is gaining In volume and Is London had sight bills fallen to 4 86, the Importing
assuming a more cheerful aspect. The leading interest point now is about 4 84. The wider margin between
current rates for exchange and those at which gold
Is shipping now at the rate of 125,000 tons per month,
and is reported to have sold, some two weeks since, could be profitably imported seemed to give assurance
about 60,000 tons of sheet bars at prices which show to London bankers that the gold movement hither
an advance of $1 per ton over those realized on the old
could be controlled at least until the situation on the
conttbcts.
Pig iron has gained somewhat in strength in nearly Continent became less threatening; that would appear
all the leading markets.
It is reported that the stock to be true, since this week discounts in the open marcarried by two of the Southern furnace companies has ket at London have ruled easy.
The growing confidence
in the general business situation, and ia iron circles in particular, is beginning
It
to show Itself in an increased volume of buying.
is not very much to brag of yet, but it looks clearly
as though we were at last heading in the right dlrec
tion. The railroads are buying somewhat more freely.
Some pretty good orders for rolling stock have beer
placed, among them one lot of 3,000 steel cars for
the Erie road. In the aggregate the orders for
steel rails in small lots figure up rather surprisingly
passed into stronger hands, and, generally speaking,
the attitude of makers in that section is firmer, with
very little iron available at the minimum prices only
recently quoted. In Pittsburgh one interest has taken
about 10,000 tons of foundry and forge iron.
Accepting the view above expressed, we find that
although that writer states there is ''not very much to
brag of in the buying movement yet," it appears that
"the railroads are buying somewhat more freely."
" Some pretty good orders for rolling stock have been
placed, among them one lot of 3,000 steel cars." ''In
the aggregate the orders for steel rails in small lota
figure
up rather surprisingly well,"
etc.
We
would mention one other important and highly
it has reference to later informa
tion with regard to the outcome of the spring-wheat
and corn crops. The prospect, according to latest
advices, is that the production of both of these serials
will be materially larger than the September averages
of condition indicated.
As to spring wheat, the "North
Western Miller" states that it has made a thorough
gratifying disclosure;
The Bank
of England is apparently in a strong ponotwithstanding this week's loss of bullion;
and yet the situation is such because of the large requirements of high price cotton and food stuffs, in
addition to needs for financing of Egyptian and other
loans, which will draw largely upon the Bank's reserve, so that the institution must necessarily maintain
the highest possible reserve in the near future. Moreover, should an Important demand set in for gold to
pay for American cotton and breadstuffa, the inquiry,
It is
presumed, would fall wholly upon London. It
could not apparently be diverted to Paris, as the
French Bank is seemingly determined to take strenuous measures for the protection of its stock of the
metal; much less could it be diverted to Germany, as
the R lichsbank cannot afford to part with gold to
supply any large drain for New York from Europe.
If, however, the Bank of England can, through the
maintenance of low discounts, encourage negoiiations
of finance bills, the covering of such drafts at maturity
will go far towards checking a fall in exchange to
sition,
the year's total to have been
In that eudeavor,
of course, advances in the price of gold will be an
important reliance in minimizing the unpreventable
movements of gold to New York.
It may be stated, however, that there is a limit
beyond which the price of gold bars cannot be ad-
173,000,000 bushels of spring wheat. The suggestlveness of this estimate is that it is made by a highly
vanced with the object of obstructing jjold exports. If
the price should be raised above 78 shillings per ounce.
investigation of the yield of the
Dakota,
Minnesota,
"the totals
obtained
from
States
of
sources," and
It
more
finds
three
important
and South
being
verified
by returns
than a thousand reliable
North
Dakota
profitable
gold- importing
points.
THE CHRONICLE
1432
be cheaper for shlppere to buy Boverelgus iu tti>
open market than to buy gold bars, provided the coine
On the other hand,
Bball be of fair average weight.
exports of sovereigns In volume would most likely
oause the Back to advance Its minimum rate of
discount for the protection of London's stock of
it will
gold.
(Vol. Lixix.
iNH Bast or
presents two very satisfactory features.
place the
much
amount
of the
loss
In
gross
In Che
first
earnings
Is
smaller than In preceding months and In the
second place there is a saving In expenses much more
than sufficient to offset the falling off In gross, thus
On the lines east of
giving a substantial gain in net.
Pittsburgh and Erie there is a decrease In gross of
1741,400 and on the lines west of Pittsburgh a further
decrease of 1336,200, making 11,077,600 together. Of
is a considerable shrinkage even as it
but in July the falling off on the combined
stands,
system had been no less than $1,837,500. Expenses this
time have been reduced 1893,400 on the Eastern
lines
and $686,000 on the Western lines, or
$1,579,400 on the combined system. The resnlt
is
that net earnings show an improvement for
month of over half a million dollars—
the
$601,800. Obviously as an industrial factor a reduction in expenses In one month on a single large rail
road system of over 1^ million dollars is hardly a
circumstance suggestive of buoyancy, for it means
just that much less money paid out than in the cor.
responding month last year for labor, materials and
On the other hand, it is encouraging as
supplies.
showing that a position has at last been reached wbere
the company finds it possible to protect the interests
of its shareholders after the very heavy losses in net
sustained in the earlier months of the year. Besides,
it is not at all certain that expenses will be reduced to
the same extent in future months. For it may be recalled that in September notices were posted in the
company's shops at Altoona, Pa., and elsewhere,
placing the men on full working time again ten hours
a day with a half-holiday Saturday.
Previously, it is
nnderstood, many of the men had been working only
32 hours a week since May.
Possibly it may be supposed that the loss in gross
earnings in August was smaller because of comparison
with reduced earnirgs in August last year.
N'ot so.
In that month of 1903 the returns showed, not a decrease In grosp, but a very heavy increase.
In fact
the Increase amounted for the combined lines to
course this
—
1002.
1001.
1000,
1800.
Aui/utt.
Srou
10.29W.8PO
earriliiKi
)pcrat'g •zp«nset>
Net •amlnffi..
Jan, 1 to ilue.
Sross earnliixi
0,fl4.5PO
1,041. *B'
4,ll8.e02 8,tt6i,ei2
8,t}42.162
6.686.461
6.431,121)
1
6.l80,Xi*
4.270.816
8.788,408
2.882.816
8.81l.tlB
81.
76.476.666 iJ,191,e«t 7a.8»8,3«» a6.017,ia» S6.018 867 49 817.067
Jperat'K ezpAnsea S(,105.81» &6.C81.&18, 48,178.31;) 48,438.31^ 37,728,1? ;33. 101.871
Net aamlnRR..
The return of the Pennsylvania Railroad for the
month of August has been Issued this week, and It
laot.
1804.
PiTTSBITBOB.
82.371,866 26.810.456 '6,120.066 S3.687.857 17,390,106 ia.e»6,600
NoTi.—These flfrures Inolade the Baflalo A AIleglieDy Valley Division for 1901, 1902, 1908 And 1904.
In Aagant, 1901, the ekralnfri of
this dlvlalon were, approximately, RroBB, $826,429; net, $314,627.
From Janaary 1 to Auk- 31 the eamlDfcs of this division in 1901
were approximately $5,176,502 ^obr and $1,757,561
net.
should be added that for the controlled lines of
the Pennsylvania Railroad, for which separate returns
are furnished, the showing is much the same, the
expense accounts particularly being satisfactory.
Thus, for the West Jersey & Seashore, though there is
a decrease of $63,300 in gross, all but $500 of this
has been offset by diminished expenses.
On the other
band, the Northern Central B-tilway has $200 Increase
in gross with $68,100 decrease in expenses, producfng
$68,300 gain in net; and the Philadelphia Baltimore &
It
Washington has $54,000 increase in gross with only
$2,600 augmentation in expenses, leaving $51,600 gain
in net.
There was no change in official rates of discount by
any of the European banks this week; unofficial or
open market rates were easy at London, firmer
compared with the previous week at Berlin and FrankIt may be
fort and i.of 1 per cent higher at Paris.
noted that exchange at Paris on London fell sharply
during the week and that the Biok of Germany
reported a loss of £6,173,000 cash, reflecting the usual
October withdrawals.
The
feature of the statement of the
New York
As-
Banks last week was the decrease of $6,659,100 cash and the reduction of $6,337,600 in surplus
soclated
within $10,371,650 of the
reserve to $19,913,425, or
lowest of the year, which was recorded on January 3.
this week should reflect the
through the Sab-Treasury,
to New Orleans and of $600,000 to Chicago; also the
transfer hither of $1,549,000 domestic gold bullion
from SiVL Francisco and the payment of $223,checks for Klondike
000 Seattle Assay Office
AusIt
is
expected
that
$2,500,000
gold.
tralian gold win arrive at the above-named port on
Monday of next week and that $S5S,000 Japanese
gold will be received in a few days, both of which
sums will be transferred to New York.
The bank statement
of
$890,000,
of
transfer
Money on call, representing bankers' balances, loaned
an improvement of on the Stock Exchange during the week at2i percent
this was simply one of a and at 1^ per cent, with the balk of the business and
large series of gains extending back through the the average about 2 per cent.
The distribution of
month for a good many years. Thus in August 1902 October interest and dividends was prompt, which will
there had bt en $1,376,100 increase in gross (though account for the decline in the maximum rate of 2i
with $28,600 decrease in net), while in August 1901 per cent, which was recorded on Friday of last week,
there had been improvement to the extent of $1,808,> to 2 per cent on Monday.
Thereafter until Thursday
800 in gross and to the extent of $881,000 in net. loans were at 2 per cent and at 1| per cent, with small
We need hardly say that after these large and continu- amounts at 1^ per cent; on the above-named day and
$1,667,500 and there was
$300,900 in net. Moreover
also
ous gains in previous years, the falllog off in gross the
present year must be regarded as comparatively small.
oa
Friday 2^ per cent
the
minimum.
In the following we show the gross and net earnings
for the last six years on the lines directly operated
east of Pittsburgh and Erie, being the only portion of
the system for which we have the data for such a com
at
pariaon.
months.
2
Stock
cent
days
per
cent.
Exchange
sixty
for
and
at
The
was recorded, with 2 aa
trust companies loaned
Time contracts on good mixed
collateral were quoted at 3 per
Banks and
days,
3i
at
per
business
3:^
per cent
cent
was
for
for
four
small for the
ninety
to
six
shorter
..
.
.
Oct.
THE CHRONICLE.
8, 1904.]
1433
bat some money was placed at 4 8681. @4 8686. On Tuesday the market wjs easy
months on choice collateral at 3^ per cent. at a decline of 6 points for long to 4 8336®4 8345,
Gommercial paper was offered In fair amonnts^ but and of 10 points for short to 4 8535@4 8540; cables
the demand was moderate and confined to the best were unchanged.
On Wednesday the tone was again
Qaotations were 4i@t} per cent for sixty to easy, and long fell 5 points to 4 8330@4 8340 and
grades.
periods of matarlty,
for six
ninety- day
endorsed
bills
receivable,
4i@5
per cent
prime and 5}@6 par cent for good foar to
months single names.
for
six
points
cables 5
8575@4 8680;
4
to
Oa Thursday
changed.
8530@4 8540
short was unshort and cables fell 5 points
and to 4 8670® 4 8576
was unchanged. The market was
The Bank of Eagland minimum rate of discount firm on Friday, closing at an advance of 6 points for
remains unchanged at 3 per cent. The cable reports long and 10 points for short.
discounts of sixty to ninety day bank bills in Lond m
The following shows dally posted rates for exchange
The open market rate at Paris is 1| by some of the leading drawers.
per cent.
per cent and at Berlin and Frankfort it is 3i(^3^ per
DiaLT POSTED RATES TOB FOBBION BXOHAHOE.
cent.
According to our special cable from Loudon,
Fri.,
MON..
Tuns., Wbd., Thitk., FBI..
theBinkof Eagland lost £1,017,441 bullion during
Sept. 80. Oct. 8.
Oct. 4.
Oct. 5.
Oct. 6.
Oct. 7.
and held £37,903,922 at the close of the Brown
ttie week
4 84
8*
84
j 60 days
84
84
84
to
4
for the former
for the latter; long
H®H
week. Our correspondent further advises us that the
lofls was due to the
Import of £608,000 (of which
£500,000 from India and £8,000 from Australia), to
exports of £505,000 (of which £460,000 to Egypt,
£60,000 to Argentina and £6,000 to other countries),
and
to
shipments of £1,020,000 net to the interior of
Great Britain.
Brothers
4
(Siebt..
60 days
Baring.
4
(
Magounft Co. JSitfht..
Bank British
60 days
.
Bank of
(
<
Montreal
Canadian Bank
}
<
88H
Sight
60 days
.
4
8««
SOU
88«
84«
88«
84Hi
88«
84H
84
84
86>6
84
86}^
86X
88«
84
84
8e«
8«X
86^
84
of Commerce.. (
Heidelbaoh.Iok- 1 60 days
eiheimer & Co. i Sight
4 86«
Lazard
( 60 days
4 81
Freres
(Sight.. 4 86H
Uerobants' Bk. < 60 days 4 84«
of Canada
4 87
\ Sight
84
84
84^
84
84
84
seki
84
84
80«
84
86«
86«
sex
84
8-i«
84
84
84
86«
SOU
8e«
84
84
84
84
84
84
.
80«
86«
86»
8e«
84
84
84
8e«
84
84
86><
.
The movement
84)i
88X
4 87
4 84«
4 87
4 84
Sight..
60 days
Sight
86^
84!^
86 >4
84
4 84
4 8o«
(
No. America.
86«
84«
4 87
86«
8ex
88«
exchange was quite
The market closed on Friday at 4 8335@4 8345 for
orderly this week, inasmuch as it was not character
long, 4 8540@4 8546 for short and 4 8570@4 8576 for
izad by wide fl actuations, and the tendency was gencables.
Commercial on banks, 4 8310@4 8320 and
erally downward, with a firm close. Though there was
documents for payment, 4 82i®4 8320.
Cotton for
a sharp fall in exchange at Paris on London early in
payment, 4 82i®4 8230; cotton for acceptance, 4 8310
the week, due, it was reported, to the withdrawal of
®4 8320, and grain for payment, 4 8310® 4 8320.
funds which had been Invested at the British capital,
this movement had only a slight efEect upon francs in
The following gives the week's movements of money
our market and the fluctuations therein were within
a narrow range.
The rise In the price of gold at to and from the Interior by the New York banks.
London, as above noted, caused a revision of calculain
foreign
tions of the gold-importing point, increasing the
gin between current rates for exchange and those at
which imports of gold could be effected. The preva
lence of
easy discount
rates
at
Week ending
mar
Currency.,
tenance of high prices for the metal there would be no
material advance in discounts, seemed to encourage
the negotiation of finance bills to a moderate extent.
Commercial drafts against cotton came forward in
fairly liberal amounts, but they were in good request,
and they commanded full prices. There was some
expectation of a demand for exchange to remit for
New York City revenue bonds which had been placed
abroad in April, and which would mature this month,
but it was stated that some of these bonds had been
renewed for anothe"r period of six months; the great
majority, are, however, being paid
After a de
cline in rates on Saturday of last week, the market
rallied on Monday, owing to an inquiry for remittance
by the following day's steamer. Wnen this demand
had been satisfied, ^ates gradually declined, and the
tone was easy thereafter. Gold received at the Cus
tom House during the week, 1100,682.
off.
Nominal quotations for sterling exchange are 4 84@
4 84^ for sixty-day and 4 86^ for sight. The market
was active and lower on Saturday of last week and,
compared with the previous day, rates fell 5 points for
8335@4 8345, 10 points for short to 4 8540®
and 10 points for cables to 4 8585® 4 8696. Ou
Monday there was a recovery of 6 points for long and
short to 4 8340@4 8350 for the former and to 4 8546®
long to 4
4 8646
4 8560 for the latter, while cables were 6 points lowe.
$9,654,000
1,347,000
Loss. $3,792,000
Loss.
363,000
$5,746,000
Total gold and legal tender*.
probability that
Net Interior
Movement.
$4,762,000
984,000
Qold
London and the
so long as the stock of gold at
that centre could ba protected through the main-
Received by
Snipped hv
N. T. Banks. S. Y. Banks.
Oct. 7, 1004.
$9,901,000
Loss. $4,166,000
With the Sab- Treasury operations the
result
is
as
follows:
IntoC
Oct. 7, 1904.
Banks Interior movement lasabove
Sub-Treasury operations.
.
Total gold and legal tenders
Net Ohan0< in
Banks.
Bank Holdingit
85,350,000
$9,001,000
20,351.000
Loss. $4,155,000
Loss. 1,000,000
$3 i,096,U00
:$36,2S 1,000
Loss. $5,156,000
$5,746, 'lOO
.'.'.'.
.".
Out of
Banks.',
Week ending
'
The
in
following table indicates the
the principal European banks.
October
Bank
amount
of bullion
October 8, 1903.
6, 1904,
of
Gold.
•
Gold.
Silver.
loioL
£
£
£
M
87.903,928
88,110,194
104,930,298
France
Germany.
Total.
£
87,903,922
Bngland...
Silver.
£
44.251,609 149,181,905
97,fl97,492
29,348,000
Russia
96,641.000
A.us.-Hnn.f
Spain-
48,261,000
14,8OS,O00
Italy
21,998.000
NethoTl'ds.
Nat. Belg.*
39,860,000
31,491.000
7,717,000 104,358,000
80,416,000
45,7H8,000
10,312,000
12,aii!,000
30,452,000
6,479,800
8,330,300
6,187,100
8,210,687
1,806,133
60,478,000
35,255,000
25,32S,800
14,»'24,000
83,110,184
41,588,799 142,686,291
11,084.000 48,656.000
7,3SO,000 87,795,000
ia,4SO,000 68,268,000
1H.H48.000 81,267,000
19,9:^2,000
2,3^5,800
11,616,7(10
3,950,700
e,.'J87,70O
4,81H,000
2,984,000
1,409,000
82,817,800
10,839,100
4,476,000
Tot. week.. 384,576.485 108,017,343 464,602,82 3»0,29^,S88 105,400,8Hl' J36.69S.086
ToUprer... 388.714,779 108,4 08, t!37 477,121,016 3H3,161,20S 108.44:1,S66 439,606,074
* The dlTlslon (between
gold and silver) glTen In onr table of coin
and bnlUon In the Bank of Oermany and the Bank of BelKlnm Is made
fron the beat estimate we are able to obtain; In neither case Is It
Dlainied to be aoonrate, as those banks make no distinction In their
weekly returns, merely reporting the total gold andsllver, bnt we
>elleye the division we make Is a olose approximation.
t The Anstro-nnngarlan Bank Statement l« now issued In Kronen and Heoer Instead of Quiden and Kreutier. The rednotlon of the former onrrenoy to
sterling 1 was by oonsidering the Gulden to hare the ralue of 60 cents. At
the Krone has really no greater yalue than 20 cents, our cable oorrespondent tn
ix>ndon, in order to reduce Kronen to S. has altered the basis of oonverslon by
dIrtdlnBtho amount of Kronen by 24 instead of 90.
'
THE CHRONICLE.
1434
TWO STATESMEN OF TEE OLD SCHOOL.
Last week there passed from the scene two states
men, one Eagllsli and one American, whose character
and careers make unnsnally appropriate the descrlp*
term "of the old school.*' Senator Hoar and Hlr
William Harconrt would perhaps not be selected, hy
the casual observer, as belonging to the same type and
There was in fact abundant
school of public men.
contrast, in personality, between the English barrister
with his aristocratic lineage, his give-and-take, at his
party's command, in the hard knocks of Parliamentary
debate, his brilliant exploits as Cabinet Minister, and
the American lawyer of Puritan ancestry and ante
live
cedents,
who came
abolition
into public life with the slavery-
But there were other and more essential points in
which resemblance between the two was really close.
There were some odd coincidences in the two careers.
Born within a year of one another Senator Hoar In
1826 and Sir William Harcourt In 1827— each entered
his national legislature at the age of forty-one, and
retained such membership without interruption up to
the hour of death. Each was a vehement partisan,
—
following
his
party's
lead
In
electoral
campaign and In legislative session; yet each reserved,
and frequently exercised, the right of vigorous criti
clsm and dissent.
Sir William Harcourt opposed In the House of Commons the Education bill of his party leader, Mr.
Gladstone; he attacked with the greatest energy the
Home Bale movement; but he never broke
with the Liberal Party on either of these occasions or
Irish
on the many others when a similar difference arose;
and in the split of the party over Gladstone's Home
Rule propositions Harcourt refused to join Lord
Hartington and the other Liberal Unionists in the
Tory alliance, but followed his party even In a cause
distasteful to blm.
Senator Hoar was the prime
mover In the Belknap impeachment proceedings of
1876, which involved a Cabinet scandal and the public disgrace of his own party's Secretary of War.
He
attacked his party's posltio^i with both vigor and
bitterness on the questions of Philippine policy
LXXIX.
"avoid making trouble In the party."
not strange that such a man should have been
popularly known as "a tower of strength on the opposition bench." His career merely carried forward the
best traditions of parliamentary history
the career
to be silent to
It is
—
of the Pitts, the Peels
and the Gladstones.
surprising that the Liberal
death
press
Ncr
is It
should deplore his
to
the opposition
an irreparable loss
Chamberlain movement to tamper with
the
Empire's
policy.
The contrast befiscal
tween
personality
and diragged
Harcourt's
rect attack on
controverted questions, and the
uncertain attitude of the two opposing party leaders
which he leaves behind him. Is impressive. Yet Mr.
Balfour and Lord Bosebery are not accldents,but rather
to
as
the
movement, and never held an Important types of the party leader whom the vicissitudes
administrative post.
faithfully
[VOU
of pres-
ent-day British politics have brought to the front.
With both, the power of holding together discordant
elements in a party is the essential quality which fits
them for the leadership; but in the absence of a direct
and aggressive campaign over a given public issue,
both are distinctly at a disadvantage when a forceful
figure, such as Chamberlain, enters the lists with
them.
Senator Hoar contrasts with the typical public man
of the present generation In a somewhat different way.
He was fortunate, not alone In his training and antecedents, but in the fact that his State sent him to the
Upper House, not because he was adroit in the management of Massachusetts politics, and not because he
canvassed vigorously for his seat, but because the
Si;ate was proud of him and wished to keep him there,
as was the case with Webster, Clay, Calhoun,and other
eminent figures in our past Congresi;ional history.
How much of Senator Hoar's freedom of speech and
resolute presentation of his honest convictions, even
now somewhat
would perhaps be difficult to say.
We believe, however, that Mr. Hoar
would have retained his office on no other conditions,
and it Is quite as honorable to his State as to himself
that he should have retained it as he did.
We do not by any means believe even while applying to these two eminent men the title of "old-school
statesmen" that the type which they represented is
and of acqulrinij; the Panama Canal.
But hie extinct. It naturally cannot be, so long as Angloopposition, like Sir William Harcourt^ was not Saxon legislative traditions retain any part of their
carried further than such public criticism of policies. vitality.
Occasions are certain to arise in both counHis vote was still with the party whose action he tries which call for the leadership of a man of strong
criticized, and was sometimes oast for the very meas- personality and matured convictions; and a man of
ure whi«hhad excited his opposition, but which had this sort Is apt to Insist on the right to give voice to
been made definitely a party measure. In short, each his beliefs. We should say that the reason why such
of these Interesting statesmen was, and avowed him- (tatesmen as Senator Hoar and Sir William Harcourt
self to be, a "party man" both in theory and practice, seem old-fashioned to-day Is that parties, rather than
even while flatly refusing even to keep silence when public men, are passing through an interesting stage
he disagreed with the party's measure.
of evolution, a result very largely of the complex
We have said that the term "statesman of the old problems of legislation and the multiplicity of Inschool" applies to these two distinguished public men. finences bearing dn politics in general. The business
This is so true that the change which has come over organization of the country has passed through a simithe legislative traditions of this generation In Eng- lar transformation, and it was sometimes imagined,
land and the United States Is very strikingly Illus- not very long ago, that the suppression of striking and
trated by the contrast between these legislators and aggressive traits of character would be an Incident with
the rank and file which they leave behind them. Sir their leaders also. We do not think that anything of
William Harcourt was of the best type of "Parlia- the sort is happening; on the contrary. It appears tons
mentary fighter." His convictions were strong and that men of original convictions aid resolute adherhe was always ready to do battle for them in the House ence to them are more in demand for places of trust
of Commons. He detested ambiguity, evasion and in- in the business world than ever.
As the commercial
trigue, and, loyal as he was to his party, the argu- problems of the day are greater, so is the demand for
ment least likely to find favor with him was an appeal capacity and intellect to grapple with them; and
against party pressure, was due to this
unusual Senatorial position,
It
—
—
OOT.
8,
THE CHRONICLE.
1904.
capacity and Intellect are usually accompanied by
The same demand, we think, is
forceful originality.
1435 :i
The expansion
in the coal tonnage
is
entirely
a de-
velopment of late years. As recently as 1890 thr
bound in the long run to assert itself in public mat- coal and coke tonnage of the Central aggregated onl>
ters, and when it does, it is statesmen of the Hoar and 3,887,141 tons, as against the 13,259,865 tons of coal
carried In 1903-4, with 375,684 tons more of coke.
Hircourt type who will be called for.
As the company's total revenue freight In 1903-4 was
36,379,655 tons, It will be seen that the coal and coke
NBW YORK CENTRAL IN A YEAR OF
DEPRESSION.
Perhaps the caption of this article may seem a little
perhaps It will be contended that the situsurprising
ation existing during the twelve months ending Jane
—
30 1904 hardly warrants the dasignation of a period of
But If any one has any doubt that the
freight traffic of the Central was materially reduced
depression.
him examine the com
The total number of tons of
during these twelve months,
let
pany's traffic statistics.
moved was only 42,631,809 tons in 1903-4,
freight
against 43,971,320 tons in 1902 3, a falling off of
1,339,611 tons. This covers freight carried for the
company's own use as well as that earning revenue,
and as the tonnage of company material moved
tonnage formed considerably over one-third of the
same.
We have on several previous occasions alluded to
the extensive work done in developing the Central's
coal tonnage In Pennsylvania, and also to the economy
of operations achieved In the handling of this coal
traffic as a consequence of the plans of the management. But each year adds''stlll farther t9 the achievements In that respect. Many extensions aad additions in the Pennsylvania coal fields have been
acqalred'or built the last few years. The present report makes allusion'to those most recently completed
The aggregate
or to those which are now^under way.
newjmlleage provided In that manner Is
amount of
not large, but it i3>ll very desirable as giving access
new coal areas^of.'large extent.
The Central^hasior some time had a large interest
The Central does not carry a large amount of ores la the Beech ^Creek Coal & Coke Co. In May last
and yet its traffic in that item fell off from 965,296 that company was purchased by the Pennsylvania
tons in 1902 3 to 627,558 tons In 1903-4. Tiie ton- Coal & Coke Company, a still larger concern, and the
nage In cement, brick and lime was reduced from Clearfield Southern branch of the C antral is now
1,219,577 tons to 1,008,952 tons; In bar and sheet being extended to tap this large new coal area. The
metal from 774,279 tons to 643,062 tons; In Iron (pig Beech Creek company and the Pennsylvania Coal &
and bloom) from 529,575 tons to 453,284 tons; In rails Coke Company together, we believe, control upward
increased 362,214 tons,
it
follows that
the loss In
to
freight earning revenue was actually 1,701,725 tons.
from 105,619 tons to 88,837 tons; in coke from 498,- of 117,000>cres of coal land, estimated to contain over
821 tons to 375,684 tons; and in stone, sand and other one thousandjmilllon tons of coal. The Pennsylvania
like articles from 1,300,299 tons to 1,257,506 tons. Railroad >nd the New York Central, we understand,
Obviously, therefore, a pretty general contraction oc
are jolntly^interested In this large
coal property
—at
cnrred which could come only in a period of inactive all events the^operations of these two great railroad
trade or business depression. la addition, the road systems In the Pannsylvania coal fields are being oonsustained a reduction of its agricultural tonnage, the dncted In entire harmony.
decrease there of course being coauected wltti the
crop situation.
sary to say
is
Oa
that
this last point all that it is neces-
every leading item of agricultural
underwent contraction
traffic
— that
is,
grain, flour,
other mill products, hay, tobacco and cotton, besides
fruits
and
The aggregate
vegettibles.
falling cff in
these various classes of agricultural products reacbed
Not only ls^>n^enormous
coal tonnage being built
up, but, as already stated, the scheme provides for
Its
being very economically handled. On the Ist of July
1902 what is kao>vnas the Beech Creek Extension
Railroad was opened. This new line has been one of
la connection with certain
trackage rights over the Philadelphia & Erie (one of
the sub-companies of the Pennsylvania Railroad) it
gives the Central an additional low-grade outlet (via
Earthaus, Keating and Youngdale) for coal shipments
from the whole of the coal territory, and at the
same time relieves the congestion of traffic previously
existing on the
old line of the Beech Creek
Railroad.
The benefits which are accruing In this
surpassing
importance.
than 816,149 tons. Evidently the conclusion
that 1903 4 was not a good year for the
Ouher facts corroborating the statement
Central.
will appear further below when we deal with the expenses and see how special conditions at the same
time served to add to the cost of running the road.
There Is one Item In the company's tonnage which
reveals very satisfactory results, and the matter at
way can hardly'.be exaggerated. The coal Is now cartracts the more attention because It reflects the policy ried down grade (ten feet to the mile) all the way
We are
of the management as respects that class of traffic. from Cherry Tree to WUUamsport, 160 miles.
It constitutes, indeed, the most noteworthy feature Informed that one engine can now haul seventy oars
We refer to where formerly It required nine engines to haul forty
In the extension of the road's business.
the coal tonnage. Of anthracite the Central carried oars, and the time Is reduced from tblrty hours to ten
1,564,825 tons more than in the year preceding while ot hours. The car service, which was 83 cents per oar, is
bituminous coal it carried 1,423,129 tons less. Bat the now only 25 cents. The Central's coal traffic is sure
changes In these two kinds of coal possess no special sig to continue to increase, and, as these facts so clearly
nificance, they following mainly from the anthracite demonstrate. It Is being moved under very profitable
mlners'strike in the previous year. What is of most con- conditions a clrcamstance which constitutes one of
sequence is the increase in the total coal tonnage, this the favorable features in the Central's future.
The passenger traffic Is also increasing, there havfor 1903-4 having been 13,269,865 tons, as against 13,
no
is
less
jastifled
—
118,169 tons for 19U2-3.
The
increase,
though small, ing been a gain in the passenger earniogs in the
late
ocoarred in a period of deis noteworthy because
clining trade, when, as has jast been shown, there
year of 1468,645, which, with the gain in express earnings and In malls, &c., more than offset the loss iu the
was a pretty general decrease in other classes of
fielght revenues, leaving
it
traffic.
a trifling
Increase
in total
tup: chronicle.
143<>
It Is proper to Eay that the loss In freight
revenues was proportionately much smaller than the
This was owing to the fact
loss In freight tonnage.
better rates were realized, the average per
that
ton per mile for 1903-4 having been 6G6 mllh ae
earnings.
[Vol. Lxxix.
vided from the special funds
prevlonely eet aside out
income and $4,640,000 was charged to new
capital account.
The funded debt was increased by
15,342,190 during the year through the issue of 3^
per cent gold mortgage bonds.
Tne Centrars needs
The better the next few years in connection with the changes
against 6'36 mills in the prevlotig year.
uLder way at the Grand Central Station will of course
average, we must asanmp, followed In turn from the de
crease In the doportlon of low-class freights carried. be heavy.
Provision for the same has been made by
The falling off in traffic, as has already been shown, the creation of the new 4 per cent debentures for an
was mainly in the bulky classes ot freight those authorized amount of 160,000,000, of which $30,000,bearing the lowest rates, like grain, ore, stone, &c. 000 became available for present use July 1 1904. J.
The elimination of so much of the low-rate tonnage P. Morgan & Co., the reader may recall, have purof surplus
—
obviously seiyed
to
the
raise
general
average
of
chased the whole $30,000,000.
rates.
With
total gross earnlrgs 176,443
previous
year,
net
earnings
more than
in the
decreased $2,224,303
2 HE
RECORD OF THE SOUTHERN
RAILWAY.
And
here we see reflected the augmentation in expenses which was one of the unfavorable features of
the year
—in the case of the Central no
the case of other roads.
expenses
is
The
less so
than
in
part played by Increased
further emphasized
when
it
is
recalled
With the appearance
of each new annual report of
Riilway Company one becomes more
deeply impressed with the marvels accomplished in
the rejuvenation
or perhaps re creation would be a
the Southern
—
word—of
that in the previous year $6,701,910 addition to gioss
better
earnings brought with
offered in the railroad
it
only $106,085 gain in net.
the property.
and
No
proposition ever
financial world
appeared
more unpromlsin/z and less inviting than did the requirement to establish on a sound physical and financial footing the various roads making up the old Bichexplanation of the higher operating cost is the same mond & West Point Terminal system. Here were a lot
as in other instances, It being attributed to the sever- of bankrupt properties under the control of a combinaity of the winter, the advances in wages and the higher tion possessing no cohesive power or strength and
which was itself bankrupt. How difficult, compliprice of fuel and supplies of all kinds.
It does not appear that the management curtailed cated and involved was the work, is evident from the
the maintenance outlays (which had been exception- number of times the task was essayed and then abanally heavy in previous years) to any extent.
For doned.
maintenance of way $378,678 less was spent, but
It remained for a leading financial house which had
on the other band for maintenance of equipment acquired much experience in this class of endeavor to
$475,920 more was spent. As Indicating the extent take up the work and carry it through to completion
To-day wo see the fruits of these labors
of these maintenance outlays, we may point out that and success.
maintenance of way the expenditures In 1903 4 in a railroad system which both in earning capacity
for
were $10,090,893 and for 1902-3 $10,469,670, as and extent of mileage ranks with the most important
against only $8,600,032 in 1901-2 and $7,818,966 in in the country.
The numerous separate pieces of
1900-01, and that for maintenance of equipment road, originally in such poor condition physically and
the expenditures were $11,368,295 and $10,882,375 the financially, have been welded together and moulded
strength.
Every interest
last two years, as against $9,270,964 and $7,832,938, into a body of great
in the
previous two years.
Securityrespectively,
From has been benefited by the work.
place
discredited and
unmarof
another part of the report we iind that in 1903-4 the holders, in
large sum of $3,196,453 was charged to expenses for ketable pieces of paper, now possess obligations
additions to and replacements of equipment, and for of approved standing, and which command a ready
Improvement to roadway and structures, this compar and a wide market. The communities served have
been given a net-work of roads which is catering to
ins: with $3,256,712 similarly spent In 1902-3 and
their wants and assisting in their development in a
$2,100,806 so included in 1901-2.
Owing to the falling off of $2,224,303 in net earn- manner which but a few years ago would have been
ings, the surplus above charges and dividends in 1903 4 deemed visionary if any one had dared to suggest anywas only $803,363, against a similar surplus in 1902 3 thing of the kind. The physical condition of the
of $2,120,146.
Of this surplus of $803,363, the sum properties has been brought up to a high standard,
of $707,098 was applied on account of new equipment and the service and accommodations furnished the
For 1903 4 the
of expenses to earnings
(not
counting taxes) was 71 "78 per cent, against 68*89 per
cent in 1903-3 and only 66'09 per cent In 1901 3. The
ratio
And while the
have been so largely increased, the charge
$1,750,000, in 1901-2 a like appropriation of $1,760,
for the service rendered to the patrons of the lines has
A traffic has been built up, in
in 1900-01 an appropriation of $1,500,000, and in actually been reduced.
000,
1899-1900 a contribution of $2,000,000, making alto the transportation of which employment has been
gether $7,707,098 of surplus income applied in that given to ever increasing bodies of men. In a word,
way in the last five years all this being in addition to the whole South has in these various ways been adpuichased during the year. In the previous year there
was a similar appropriation out of surplus income of
public
correspondingly improved.
facilities
—
vanced to a new plane of prosperity.
Two or three comparative tables afford impressive
As is known, the C> ntral's outlays for improvements, testimony to the growth and expansion of the property.
betterments and additions have been large of late. The average length of road operated in 1904 was 7,164
Almost ten million dollars was spent for these purposes milee; in 1896 it was only 4,139 milee. This is a very
(actually $9,804,772) in 1903-4, of which $3,196,463 noteworthy addition to mileage, being 3,025 miles, or
was charged directly to expenses, $1,967,920 was pro- over 73 per cent. But observe that gross earnings for
the l&rge sums for Improvements spent each year and
cbargtd directly to the expense accounts.
Oct.
THE CHRONICLE.
8, 1904.]
J437
1904 were $45,109,777, as against otly $i7,114,79i off; bat the lumber tonnage increased very heavily
in 1896, the Increase here being almost $28 000,- and so did the tonnage In merchand'se and general
Note,
These last are the evidences of the proscent.
further
freight.
per
163
over
or
000,
earnings in the latest year were $11,- perity of the South to which the Southern Riilway
more, that net
994,310, against only $6,051,937 in the earlier year, has Itself contributed in such an important degree.
the improvement in this case being 137 per cent. The President Samuel Spencer points out that the number
largest percentage of improvement of all, however, is of new industrial plants of various classes completed
found in the tonnage movement one mile, which ag- during the year was 544 and the number under congregated 3,812 million tons in 1904, against but 1,249 struction at the close of the year was ninety-four.
million tons one mile in 1896, an expansion of 205 per He says that 19 new textile mills were put in operaThese new mills, with the adcent. This last represents the transportation service tion during the year.
rendered the public and indicates how the facilities of ditions made to existing mills, he calculates. Increased
the system have been expanded so as to render sacb the equipment of cotton mills located on the lines of
Not only has the traffic been multiplied the system by 17,114 looms and 822,298 spindles. He
service.
three-fold in the nine years, but the charge to the also says that there was a noticeably healthy growth
public per unit of service has at the same time, as in smaller manufacturing developments, such as furalready stated, been reduced. This is evident fmm niture factories, knitting mills, and brick, clay, lumthe fact that the rate per ton per mile received in 1904 ber and wood-working industries. Tae accounts of
ssr?. Patterson,
the company have been audited by
averaged only 9*33 mills, against 9*84 mills in 1895.
operating results is Teele & Dennis, Certified Public Accountants.
What has been accomplished in
M
A
made manifest in the Increase in the train-load.
high average load on such a system as the Southeri:
Railway, with its mileage extending over a wide sec- THE LOUISVILLE <£ NASHVILLE REPORT,
The Louisville & Nashville annual report the prestion of the country, is obviously out of the questior.
ent year comes at the same time as that of the SouthThe important point is that the average load for 1904
ern Railway Company. The polio-y pursued in the
was 225 tons, whereas in 1895, on a smaller mlleag
(and therefore admitting of better results), it had management of these two important Southern properbeen only 160 tons. Through this larger train-load the ties has differed considerably and necessarily so, the
company was able to overcome the loss resulting from requirements being different. The Southern Riilway
the decline in rates, and hence the freight trains earned Company since Its organlz itlon in 1894 has very greatly
The
in 1904 $1 77 per mile run as against only II 44 per •enlarged its mileage, acquiring many new lines.
mile run in 1895. All this goes to show that the Louisville & Nashville, on the other hand, has inproperty has been administered on a broad and com- creased its mileage in only a moderate way. Much
cher interesting comparisons are
of the additional road, however (though by no means
prehensive plane.
that in 1904 the company earned a surplus above all), acquired by the Southern Railway Company
fixed charges in the
sum
of $4,180,400, against a sur-
plus for 1895 of only $895,745; that gross earnings per
1904 against $4,134 In
1895, and net earniogs $1,674 per mile against $1,22
per mile. These comparisons might be extended inmile of road were $6,296 in
'
The
definitely.
lesson they teach
is
that In every
and development.
paying 5 per cent dividends on its
The companv is
preferred stock, and this calls for $3,000,000 per year.
The balance above charges for 1904, as just stated,
direction there has been progress
was $4,180,400.
Thus there was a surplus above the
requirements for dividends on the operations of the
twelve months in the sum of $1,180,400. Of this,
$773,806 was applied in special appropriations for improvements and betterments, and the remaining
$406,694 was carried forward to the credit of profit
Expenses again increased heavily the
loss.
—
and
—
common story and with $2,755,717 gain In gross,
the addition to net was no more than $629,390. The
previous year, with $4,641,812 gain in gross, the ad-
had been only $499,509. The situation,
then, Is that in two years gross earnings were enlarged no less than $7,397,629, but that only $1,128,899 of this was saved for the net, owing to an augmendition to net
tation of
$6,268,630 in
expenses.
Tne
gratifying
is that notwithstandiag this relatively small
gain in net the company was, as already shown, able
to earn its preferred dividends in full, with a very
feature
substaatial surplus left over.
Conditions during the twelve months were on the
whole favorable. The agricultural tonnage did noi
come up to the level of that of the prtvloosyear,
mainly owing to the smaller cotton crop, and the ore
quite
traffic
and certain
classes of
the iron
traffic
also fell
originally constituted a part of
Richmond &
the old
West Point Terminal System, out of which the Southern Railway Company was formed. In the reorganization
of the West Point Terminal System the
exigencies of the situation
take over at the start
all
made
it
impossible to
the lines In the old com-
bination, and hence some of them were left out and
taken over later, as the Southern Railway Company
gained strength and developed capacity for assuming
care of additional road.
It
cannot be said that the L')uisville
has suffered in any degree from
its
&
Nashville
conservative policy.
Not all the mileage controlled by the company is included In the results of operations covered by the
report.
The total mileage in which the company is
June 30 1904 no
than 6,356
The lines included in earnings comprise only
3,637 miles, the average for the twelve months having
been 3,618 miles. Of the 2,677 miles of road separately operated, the Atlanta Kroxville & Northern and
the Chicago Indianapolis & Louisville are the only two
acquisitions of recent years of any considerable size.
The two together comprise 819 miles, and the Cblcago
Indianapolis & L )ul8vllle, the larger one of the two
(It having 691 miles), is really jointly owned with the
Southern Riilway C )mpany.
It Is not to be Inferred from what nas been said
New mileage to
that the parent road has stood still.
a fair amount has been provided, but tbere has been
no tendency towards undue expansion. The new
additions have been intended chltfly to develop territory already occupied rather than to spread out in
new directions. In other words new extensions and
feeders have been provided only as the situation deInterested was on
miles.
less
THE CHRONICLE.
1438
veloped
a need
for
them and sound policy ap
wisdom of the step. The Louis
peared to justify the
ville & Nashville has always been quite a compac^
system, and this polioy of limiting mileage mainly to
feeders and branches has enabled It to retain that
characteristic. It should also be remembered that the
LouisTllle & NiishTllle lines occupy some of the best
And the new additions have
sections of the South.
In good part been in those portions of the South
where Industrial development has been most pro
[VCL. LICIII.
uo obauge In these particulars.
nevertheless to
own
Ic
an advaatttge
le
these properties by absolute deed.
It admits, for one thing, of a simplification of accounts
and operations. It is this circumstance which has led
now of a similar course with respect
Atlanta Kaoxvlile & Northern, it being the
policy of the management to hold control of the
various related parts of the system by absolute deed
ra'her than through stock ownership or by lease.
to the adoption
to the
lo
should be pointed out that an important piece of
new road is under construction. We have in
nounoed.
More particularly, the mineral regions of
Alabama and Tennessee have been carefully de
entirely
veloped.
is
As
and
a consequence there has been no lack of growth
traffic
and revenues have been steadily and large
In the year covered by the present rely Increased.
port ther« was a further addition to gross receipts of
nearly
most
H million dollars, bringing
37
mlllioa
the total up to al
dollars— 136,943,793. Ten years
was
la the decade, therefore, the
Length of road
amount has almost doubled.
operated has in the same Interval increased only from
2,966 miles to 3,618 miles. Stated in another way, in
the ten years the average gross earnings per mile have
before. In 1893 94, the total of the gross earnings
only
$18,974,337.
risen from 16,418 to 110,210 per mile. What stronger
or better evidence than this could be asked of growth
and development?
Aggregate net earnings for 1903
04 were $11,802 244, which compares with only $7,110,552 in 1893-94, and but $6,523,089 in 1896 97.
In this matter of net earnings, the LDnlsvlile & ^ashyille in the late year was more fortunate than the
large Western and Northern systems, as It managed to
make an Improvement in net of $323,679, whereas
most of the other systems referred to suffered
some of them, too, notwithstanding a
losses In net
considerable Increase in gross earnings. Being located
further Sontb,tbe seveiityof the winter did not count
as so much of a factor with It.
In the final results the income account for the
—
twelve months makes a strikingly satisfactory showing.
Stated in brief, the amount available for divl
dends on the operations of the twelve months was
$6,688,171, while the call for dividends at 5 per cent
was only $3,000,000, leaving a surplus over and above
the dividend requirements In the large sum of $3,688,
In other words, while 5 per cent was paid on the
Moreover, this is the
stock, 11 per cent was earned.
171.
result after liberal allowances
The company's
for
construction
known, was closed on July
1
improvement work.
account,
1894,
as
is
well
and the items
theretofore included under that head have since that
time been charged directly to operating expenses
Such expenditures for the twelvemonths ending June
30 1904 aggregated $1,746,184.
In speaking above of the additions to the company's
mileage,we referred to the Atlanta Knoxvllle & North
em as one of the new acquisitions of recent years
which has been separately operated. It is proper to
state that at this week's meeting of the stockholders
it was decided to merge this property in the parent
system. Various other lines have also in like manner
Among
been merged during the last twelve months.
the Alabama Mineral
these may be mentioned
BR., the Birmingham Mineral EB. and the South
em Division Cumberland & Ohio BR. These last
three roads,however,already formed part of the parent
system that is, were Included in operating and income accounts, and consequently their merger makes
—
mind the Knoxvllle La FoUette & Jelllco RR which
nearing completion, and which will connect the
,
southern end of the Knoxvllle division of the Louisville & Nashville at the Tennessee S'ate line with the
Atlanta Kaoxvlile & Northern Rillway at Kaoxvlile.
Through the building of this piece of
road
be
opened between
a
new line will
Kaoxvlile, Tenn.
OIncinnati
Atlanta
via
and
At present the OIncinnati Saathern furaishes the
only rail route between these points.
The new road
can hardly fall to develop considerable business. As
furnishing some idea of the Importance of the underraking it may be noted that for the ooostruction of
the road the Louisville & Nashville up to Jane 30 1904
had advanced the sum of $5,183,773 and for equip-
ment of the line had advanced $2,019,109 more,
making a total of $7,202,882 for this purpose. About
di million dollars of the amount was advanced during
the last twelve months.
Independent of the advances to the Atlanta Knox& Northern, the Louisville & Nashville of course
had other capital outlays, and the outstanding bonded
debt of the company was Increased during the twelve
months by $9,169,179. It will be remembered that
vllle
'n the previous fiscal year a sale of $23,000,000 of the
company's 5-20 collateral trust 4 per cent gold bonds
was negotiated, and that of these bonds $17,460,000
bad been delivered prior to the close of that
Since then the remainder of
year, on June 30 1903.
these bonds, namely $5,540,000, has been delivered.
During the
i)f
its
company
late year, also, the
sold $3,000,000
unified bonds, these yielding to
it
$2,880,000
There was paid, furthermore, in the acqaisltion
of stock of the Newport & Cincinnati Bridge Co.
$1,340,000 of unified bonds for a like amount of
net.
stock, both at par, the balance of the $1,500,000 stock
of the
Bridge Company,
viz.,
$160,000, having been
paid for in cash.
The balance
sheet,
we
notice, has been greatly sim-
plified, being relieved of a mass of details which was
simply a duplication of matter given elsewhere in the
report; one or two other tables in the report have also
been
greatly
improved.
The accounts have been
audited this time by Hisklns
the changes referred to
&
Sells,
and presumably
have been made
at
their sug-
gestion.
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
—Tne public sales of bank etocks
this
week aggregate 8(8
were sold at anotion and 168
sbares at the Stock Exchange. No trast company stocks
Stock of the National Bank of Commerce
were dealt in.
advanced, on sales at the Stock Exchange amountiog to 108
shares, to 230, as compared with 218 last week, Ttie table
below, given in onr asnal form, shows the actual sales of
New York City bank stocks made during the week at auction
and at the Stock Exchange. Extensive tables showing the
bid and asked quotations, deposits, surplus, &c., of banks
and trust companies in all important cities of the United
States are published monthly in the Bank and Quotation
shares, of
which
180 shares
THE
OcfP. 8, 1904.]
which accompanies to-day's
Bid and ashed qnotationa for all New York
Chkoniole.
City back and trust company stocks are also published
weekly in another department of the paper, and will be
found to-day on pages 1415 and 1446.
Section, the September issue of
BAKKS-lTew
ehare$
Toric.
Frtee.
1439
CHRONICLiE.
Lait previoui
tale.
in these columns August 6, it is the purpose to exchange the
$700,000 etock of the North American Company for an equal
amount of stock in the Fort Pitt National Bank, the capital
of the latter, as part of the plan, being increased from $300,000 to 11,000,000. The other |100,000 of the $800,000 additional capital of the Fort Pitt National Bank will be ex-
chsnged for the $100,000 capital of the Fifth National Bank,
which institution, it will be remembered, is to be absorbed
400
by the Fort Pitt National. The last-named will also take
540
1 Hanover National Bank
257-259
National Bank
over the commercial business of the North American Comf52 MechanlCB*
600
•10 Park Bank, National
pany, the latter hereafter confining itself to a savings busiBanks -Brooklyn.
May 1903- 851
Action on the increase to be made in the Fort Pitt's
ness.
80 Manufacturers' National Bank 345i«
July 19u321012
200
15 Spragae National Bank
capital will be taken by the stockholders on Monday. On the
* Sold at the Stock Exchange.
H Of this amount 50 shares were sold same day the shareholders of the Fifth National Bank will
at the Stock Exchange.
vote on the proposition to consolidate with the Fort Pitt.
—The annual meeting of the New York Clearing House
—The Washington National Bank of Pittsburgh formally
Association was held on Tuesday, when Mr. Dumont Clarke^
Bank, was opened its new six-story building at Fifth Avenue and
President of the American Exchange National
Wednesday, the 38th ult,
President to succeed Mr. James Stillman. ilr. Walter Washington Street, on
100 Ohath^m National Bank
•103 CotumToe, Nat. Back of
10 Cora ExohttDKe Bank
2 GallattD National Bank
2^"^„o.
2'2O-230
SDSH
Sept 1904— 33514
Sept 1904- 21s
Sept Ifl04— 3951*
Mar. 1904- 390
Sept 1904— 540
June 1904- 250
Aug. 1904— 500
elected
E. Frew, Vice-President of the Corn Exchange Bank, was
elected Secretary of the Association, while Mr. William
J.
Sherer was re-elected Manager and Mr. William
Mr. William H. Porter and
Gilpin, Assistant Manager.
Valentine P. Snyder were elected new members of the
Clearing- House Committee. New members were also elected
to the various other committees as follows: Conference
Committee, Edward Townsend, A. B. Hepburn and A. S.
Friesell; Nominating Committee, Stephen Baker, Gllson S.
Whitson and Francis L. Hine; Committee on Admissions,
James G. Cannon and Ruel W. Poor; Arbitration Committee, Frederick B. Sohenck, Thomas L. James and Forrest
H. Parker.
—The Mount Vernon Trust Company of Mount Vernon,
N, y., which commenced business April 1, 1903, absorbing
the Bank of Mount Vernon, declared this week its first dividend of 1 per cent, payable Nov. 15.
—
Mr. Frederic L. Bnnce has been chosen to succeed Mr,
Henry A. Red field, resigned, as President of the Phoenix
National Bank of Hartford. Mr. Leon P. Broadhurst,
formerly Assistant Cashier, has been elected to the
Cashier, from which Mr. Bnnce haa been advanced.
office of
—The National Union Bank of Boston, Mass., has prepared and iseued a brochure containing in condensed form a
from 1793 to 1904, The facts are interand of equal interest is the contrast shown in
two views of State Street, the thoroughfare on which the bank
has remained since its organization. One of these depicts the
Street as it appeared in 1792 and the other as it is to-day. A
charter was obtained in 1792 for the Union Bank, which
took over the assets and liabilities of the Boston Tontine Association, a quasi bank. The charter was renewed from
time to time, and ia 1865 the btnk became the [National
Union Bank. It is to-day the oldest bank in the State. The
present ofifit ers are Mr. James R. Hooper, President; Theophilufl Parsonp, Vioe-President; George H. Perkins, Cashier,
and W. S. B. Stevens, Assistant Cashier.
record of
history
its
estingly told,
Charles S, Mellen, President of the New York New
Haven & Hartford RR., has been elected a director of the
First National Bank of Boston.
—Mr.
—
Impressive ceremonies marked the laying of the corner
stone of the new building of the American Security
Trust
&
Company
of
structure
is
Washington, D. C, on September 19. The
being erected at the corner of Pennsylvania
Avenue and Fifteenth Street, and is expected to be ready for
occupancy in a year's time.
—As
a
medium
of advertising, a
Worcester pocket diction-
which the Commercial Trust Company of Philadelphia
has issued, should serve its purpose well. The book is bound
in stiff covers of green, and consists of three hundred and
ary,
thirteen pages.
It oontaios, in addition to the dictionary,
foreign words and phraees,^ abbreviations, rules of spelling,
and various tables. A photograph of the ground fl or of
the Arcade Building, where the company is domiciled, is reproduced on the last page of the book, while the names of
the officers appear on the inside front cover, with those of
the directors opposite.
and succeed
in getting
—The stockholders
pany
Those who write for this little book,
a copy, will possess a useful article,
of the
of Pittsburgh ratified
tien ineapital
North American Savings Com
on Monday the proposed red uc
from $1,000,000 to
|800,000,
As
fully reported
—An additional Vice-Presldenoy has been crdated in the
Second National Bank of Pittsburgh, and Mr. Thomas W.
Welsh Jr., heretofore Cashier, has been elected to the new
Mr. James M. Young has in turn been advanced from
office.
Assistant Cashiership to the position of Cashier, while Mr.
Brown A. Patterson has become the new Assistant Cashier.
—The charter
Bank of Washington,
The bank has been
reorganized with the following officers: President, Mr. S. M.
Templeton; Vice-Presidents, D. M. Donehoo and John W.
of the First National
Pa., has been extended for
twenty years.
Seaman; Cashier, Charles S. Ritchie; Assistant
John Zalt and Robert L. McCarrell.
Oitshiers,
—The Union Savings Bank & Trust Company of Cincinnati
has opened a branch on Vine Street, near Twelfth,
—The Euclid Avenue Trust Company of Cleveland has absorbed the Dollar Savings & Banking Company, also of Cleveland. The latter was one of the smaller banking institutions
of the city. It had a paid-in capital of $43,75') and deposits
of about $91,000. Its banking rooms will be maintained as a
branch by the Euclid Avenue Trust Company, which began
business December 15 last with an authorized capital of
$PjOO 000, of which $95,100 was reported as paid in at the date
of the last statement. Mr, H. D. Marble of the absorbed institution has beoome a Vice-President of the Euclid Avenne
Trust.
—An application was filed In the insolvency court on
Monday by the Guardian Trust Company of Cleveland for
permission to pay, as assignee, the remaining creditors of
the Federal Trust Company of Cleveland. The court Issued
he desired order, and payment was accordingly commenced.
The report of the Guardian Trust showed that the claims
amount to $754,235, the Interest of $22,627 bringing the total
amount due up to $776,862, The assets in baud aggregate
$865 296. After all claims are met, it is stated, there will
attll be a reserve of over $88,005 for the benefit of the Federal
•
Trust's stockholders.
—The third annual convention of
of Supervisors of State
the 27th and 28th ult.
the National Association
in Indianapolis on
Banks was held
The question of the examioatlon of
was considered, aad a resolution
private banking Institutions
banks should be under naResolutions against branch
banking were also adopted, and It was recommended that
legislation to check this tendency be obtained in the various
States.
The speakers at the convention included Mr, £. A.
Merrill, President of the Minneapolis Loan & Trust Company
of Mir neapolis; S, T, Johnson, Public Examiner and Superintendent of State Banks of Minnesota; P. LeRoy Harwood,
Treasurer of the Mariners' Savings Bank of New London;
James I. Eones of the Merchants' Loan & Trust Company of
Chicago, and F. E, Tlmberlake of Maine.
The subject of private banking has been given not a little
attention recently in Indiana. A joint meeting was held in Indianapolis several weeks ago of the committees appointed by
the State Bar and the State Bankers' associations to investigate banking conditions In the State and to formulate a bill
At thii meeting it was
for the protection of depositors.
individual banking, or private
agreed that the system of
banking, should be wiped out, and that all banks should
be authorized by the State, be under State supervision
snbjdct to Slate inspection, and be required to make ro-
was adopted declaring that
tional
—
or
all
State supervision.
.
.
THE CHRONICLE.
1440
ports on call, as State and national banks are reqnired to
It was also agreed that banks shonld be authorized
only on showing of eafficlent capital, and that ample reserve
shontd be required.
— An iacreaae of
$290,000
is
to
bfs
(Vol. Lxxix.
representatives of foreign societies present were
Francis
PIxley, Barrlster-at-Liw, Fellow anl Immsdiite Pist
:
W.
report.
President of thp Inetltufe of Chartered Accountants in England and Wales; James Martin, F. S. A. A., F. 8. S., St^cretary
of the Society of Accountants and Auditors, London; E. Van
raid^ in the capital of
Dien of Amsterdam, Hjlland; J. B. Nlven, C. A., of the
Society of Accountants In Edinburgh, and A. A. Giliea, F,
C. A., Past President of MaLchester Society of Chartered
Accountants.
The visitors responded heartily to the toasts In their honor,
while after-dinner speeches were made during the evening by
Dean Johnson of the School of Commerce, Accounts and
Finance of New York University; Dr. Mead of the Wharton
School of Commerce of the University of Pennsylvania;
Home
Saviogs B^nk of Detroit, Mich. Tdis addition
will give the bank a capital of flOO.OOO, the amount at present being |200,000. The new stock has been offered to existing shareholders at 130.
Extensive improvements are being made in the institution's main office, and preparations
are under way for the opening of a third branch, to be located at Gratiot and Mt. Elliott avenues. The other branches
are at SOS Michigan Avenue and 466 Gratiot Avenue.
the
1
1
—
At the meeting of the Illinois Bankers' Association, on
the 18ch and 10th Inst addresses will be made by Mr. Frank
A. Vanderlip, Vice-President of the National City Bank of
New York; Hiirtman B*ker, Cashier of the Merchants' National Bank of Pfliladelpbia; Seymour Walton, of the Illinois
Society of Public Acoountants; Senator A. J. Hopkins of
Illinois, and ex-Governor D. R. Francis.
Ae previously
noted, the convention will take place on the St. Louis Fair
grounds.
Arthur Lowes Dickinson, President of the FederaMon of
Societies of Public Accountants in Unittd States; Farquhar
J. MacRae, President of the New York State Society of Certified Public Accountants, and John R, Loomis, President
of the Amerioan Association of Accountants.
,
The Congress of Accountants.— The International ConWor d's Fair, St. Louis, last
gress of Accountants, held at tbe
& Savings Bank of Chicago has re- week, under the auspices of the "F. deration of Societies of
handsome new quarters on the ground fl )or of Public Accountants in the United States ot America," will
rank as one of the most successful gatherings of practicing
the Railway Exchange Building, corner JacKSon Boulevard
accountants in this country. This was the first tim) in the
and Michigan Avenue. With enlarged facilities and every
history of the profession that an international body of public
modern equipment, this young and vigorous institution will
accountants met together to discuKS topics of common
doubtless realiza the expectation of its management in transinterest. The papers read at the Congress were carefully and
acting greatly increased and profitable business.
—The
moved
JacijsoQ Trust
to its
a
ably written, particularly those on "Municipal Accounting,"
which will form a valuable contribuiion on this fubjeot,
Saturday for the organization of the Sacarity State Bank of These
papers were prepared by a committee of representative
Chicago, with |200 000 caplral. Tae application was prepublic accountints consisting of: Elijih W. Sells of New
sented by Mr. E. L. Hayne, Nelson N. L^mpert, Vice-PresiYork, H. W. Wilmotof Illinois, John R. Sparrow of New
dent of the Fort Dearborn National Bi,uk of Chicago, and
York, Harvey S. Chase of Massachusetts, William M. LyWilliam K, Pattison.
brand of Pennsylvania and Erotst Re.kitt of Illinois.
Mr. Fred. I Kent, Assistant Manager of the Foreign
At the banquet Tuesday evening of last w«-ek the ConExchange department of the First National Bank of Chicago, gress presented a handsome loving cup to Mr. George Wilis mentioned as most probably the 6noce8S)r to Mr. Max
kinson, Secretary of tl e Federation of Societies of Public
May as manager of that department when Mr, May gives up Accountants, for his efforts in pr moting its success. In an
the offise, November 1, to accept a similar position with the address to the Congress, Mr. J. E. Sttriett, Chairman, said
Guaranty Trust Company of New York, (See Cheonicle, in part "Our purpose is not to destroy, but to build np, not
p. 1336.)
to disparage the work of other men, but to learn from one
—Another large bank building on La Salle Street, 'Chicago, aaother how best to develop this profession, which in the few
t-hort years of its history has made such a splendid record
is assured by the 99-year lease effected last week by Presi* * * Much has been accomplished but much more re
dent Hamill of the Corn Exchange National of the north
west corner of Adams and La Salle streets, possession dating mains to be done. Policies are to b^ outl ned, questions
from January 1 prox. The lot fronts 126 feet on La Salle by of practice are to be decided, a system of professional ethics
75 feet on Adams street, and Is unquestionably one of the must be developed."
most valuable banking corners in the city. The rental to be
paid is |30,000 annually, being 4 per cent on a real eetate
Canadian Bank Clearings —The Clearings of the Canadian
valuation of $750,000. Improvements will probably be comBanks for the month of September, 1904, show an ir. crease
menced next spring, although the architectural plans for the
For the
over the same month of 1903 of 7*3 per cent.
building have not yet been drawa. Through the provisions
nine months of 1904 there is a loss from the like period of
of the lease, the lessee is given the option to purchase the
1903 of 3-5 per cent.
property six months after the present owner's death for
— State Auiltor McCuUongh of Illinois issued a permit last
—
:
—Mr.
T. L, Jefferson has been elected Cashier of the
Western National Bank of Louisville. The other officers of
the bank are: Mr.
W.
Frank A. H^nry
Vice- Preti lent,
perfected regarding the institution's re-organization.
—The
I
Clearings
at—
1904.
capital of the City National
Bank
1903.
1904.
Dec.
83,7> ',5^4
+5
61,101.3.-7
-t-^
8,705.
1
H.M
e,7ai,a84
4,73 ',8-2
4, 07.29
3,86 1, f«^
Hamilton...
St. John....
L'nilou...
victoria....
.
380;. I7M
2.'^^i.l7
Total Canada.
V22 OhS
The cleariugs
+5
4
-^4
-^
3 ^7^3.:^3
31 76<
24,-7«4 8
-^1.4
/>i<:. (>r
1903.
21,
18 981
15.:
35 40
/><•.
20,09 -,71 8
16 35 ,812
l.Mllli.
1,-S«7
1
1,42>).0VW
Vuebec
1,4'6 18'
:,.7i'2 1
l,519..H>n
1,091,"
45
l.u8;.41i
814, 62H
70-
19(1
61.7 18.203
1. •-•;;»
Octobrr
fiKlijio
1.'40.<'34
Total Canada
022
IS
+3-8
+18-4
4'7 per cent.
4,59«.0''
Victoria....
*fi'.H
I
4.9 4 30:<
John
Loudon
.<<.'
+1-0
+18-5
+9-2
i?0 .o.M.:t2
+7 3 I.90«:~rt6 < l.H 5 74'.8rt — 3-6
week endiug Oct. 1 make a favorable
same week of 1903, the increase in the
VVinnlpeK ..
Uailfax ....
Ottawa.
St.
47.SHJ,
-*•>•
5'»
1904.
anconver.
Hamilton..
7 '.ItH), •^W9:
59,:i70 574
38.517
a1—
...
193, :«703
n6.95l. 07f .• U.^.383
69.^ 5.
7
63.-rt0.08
4 ,0 3 449
3:.<84 ;i;i
Wffk
Montreal
Toronto
%
»0-,-l'< 104
for the
comparison witli the
aggregate having been
Clearings
Dec
t-2^,679, S'll
M127\5T2
-<-S8
4,4>«-.614
4. ^0 1,03
In. or
-lOfl
-4-4
63.105 94'+18-7
68.005 2241 —3-0
7:^,774.131
iH.5r0.i 8 -1-100
7.l7M,aH3
M>
+ 9-9
7,779,' 9(1
7.17 ,420 f22-l
f,33l, I-fO-2
7,fl"4,01
8.f>53.7.1
Ottawa
Quebec
Vancouver
I
1903.
«
6M!4>« 9
Winnipeg...
Halifax
of $325,000,
Dinner to Foreign Accountants -List Tuesday evening
the lort-lgn representatives of accounting associatiocs, who
recently attended the International Congress at St. Louis,
were the guests of hcnor at a dinner given jointly by the
American Association of Public Accountants and the New
York State Society of Certified Public Accountants. Both
societies are closely affiliated, and this is the first time that
they have held their annual dinners together. Among the
or
87.9 18,551
Montreal
Toronto ....
of Knoxville,
Tenn., has been Increased from $200,000 to $300,000. The
additii nal stock was voted by the stockholders last month,
and the new capital became effective on the Ut inst. By the
sale of the shares at $'75 each the bank has added also to its
surplus fund, and now has total surplus and undivided profits
ill.
%
. .
B. Smith, President;
and Louis Metz, Assistant Cashier.
Although the bank's conversion was approved by the Comptroller in Aua:ust some minor details yet remain to be
Jr.,
Sine Month:
Sept«mfi«r.
$1,000,000.
I
63
9
%
1901.
190i.
»
-W
+2
1.
S3 719.164
17 03 .224
1-. 457,209
— l>-n
+ -1'6
+-2ri
1,
6 .Ow
12 9;7.h7l
3,1M?.804
l.B<4.80t
8,1
7-',094
1.7'«2,601
l,-09.8<2
7
1,495,748
927,8-9
1.88x,8M
6
-(-7'4
1..-3
4,88 ,37
J, '03,1
v,34(i
»rt5 00
-(-lOM
l,091,>4i<
+1.0
+ .16
-4 3.392
802.1'<8
844.814
794.110
5 IV .8
+88'2
537.0H1
891.494
+4-7
55,7»«,9cJ0
41,960.174
—
,
Oct.
8,
THE CHRONICLE.
1904. j
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.The subjoined table, covering clearings for the cnrrent week, (000,000*
omitted.)
aaually appears on the first page of the Chronicle, but on ac.
Sew York...
count of the length of the other tables is crowded out once a Ohloago......
month. The figures are received by telegraph from the lead- Boston
PbUadelphla
ing cities. It will be observed that as compared with the St.IiOals....
Pittsburgh..
corresponding week of 1903, there is an increase in the San Fran' 00.
aggregate of 81*4 per cent. So far as the individual cities are Olnolnnati...
tJRltlmore...
concerned. New York exhibits a gain of 497 per cent, Bos- RansaBCity.
ton 7'6 per cent, Philadelphia 25*9 per cent, Chicago 14*0 per nieveland...
New Orleans
cent, St. Louis 5'8 per cent and New Orleans 19 3 per cent. tfmaeapolls.
Baltimore records a
LoaisvlUe...
Detroit
per cent,
loss of 2'0
Milwaukee..
OUartngs— Returns b\i Jeleoravh.
Week Ending Octoher f.
1904.
New York
1903.
$l,42t,323,S37
113,375,193
Boston
Philadelphia
Baltimore
179,110.8fc9
4«.:-99.W62
19. 56.370
St. IiOttis
Naw
Orleans
16.120.239
Seven cities, 5 dajc
other cities. 6 days
Total
$1.9C3.076.<'4 9
.
-20
+14'0
-I-5-8
$3,208,99.1.651
all cities
Bufialo
«t.
Paul
Indianapolis
'lenvor .....
Richmond..
Memphis....
+19-3
-f-3'--4
8.
Lake City
BAHK 0LBABINO8 AT LBAOINO
—
CITIES.
—September.
Jan. 1 to Septemier 30 ~«
1904. 1903. 1U02. 1901. 1904. 1908. 1902. 1901.
A
w
O*
Of
9
5,365 4,292 6,805 5,047 44.334 60,632 56 126 60,793
761
672
722
615 6.501 6,506 6,215 5,6;-tO
402
476
618
M6 4,734 5,032 5.124 6,408
433
462
460
387 4,057 4,407 4,314 4,060
210
223
195
175 2,014 1,843 1.884 1,637
183
180
156
139 1,474 1,944 1,611 1,545
128
130
119
92 1,111 1,117
977
845
101
86
91
70
915
873
802
729
88
89
103
82
793
868
901
897
9.'5
101
86
76
790
769
712
66«
63
72
54
609
611
568
522
52
57
48
6-43
36
549
473
40S
63
85
68
58
543
490
480
394
41
44
40
35
4>0
400
372
344
41
42
37
45
381
386
391
398
34
29
38
26
296
284
256
236
24
26
25
24
250
259
257
263
32
30
33
25
289
292
241
266
26
25
26
25
239
235
219
223
23
24
27
VO
221
222
206
180
24
22
28
16
234
238
193
146
21
20
23
19
185
173
169
170
16
19
17
14
173
153
148
159
10
16
12
9
172
133
112
106
20
17
19
13
158
150
98
134
10
10
11
10
103
104
105
101
13
12
12
14
108
103
126
130
.
<
tfi
+3*0
$1,671,696,8 6
305,673,923
+32:1
+27-8
$3,697,685,183
for wt^^ic.
Providence..
Omaha
Seattle
Hartford....
388.691,487
all cities,
$1,077,270,749
^31-'4
Ail cities, 1 day
Total
+7*6
+25-9
$1,376,578,347
2«6,018,479
305.01 .603
5 dart,...
+ 49-7
$949,890,306
] 05,375,037
F 6,487,440
20,167,163
167,12?,201
48.858,704
12,677,497
108,-fi0,669
Chicago
P. Cent
1441
Total
8,372
7,234
9,743
cities..
472
440
415
7,641 71.6«7 78.678 83,153 86,299
318 3,973 3.948 3,541 2,960
Total all...
Outside N.Y.
8,844
3,489
7,674 10.158
3.382 3,353
7,959 75,630 82,626 88,694 89,259
3.912 31.2ij6 31,994 80.568 28,466
Other
Our usual monthly detailed statement of transactions on
New York Exchanges is appended. The results
khe various
for the nine
months of 1904 and 1908 are given below.
Nine Mon'\8,
Par Value
Actual
or Quantitv
OutripUon.
Nine Months,
1904.
Value.
Aver'ge Par Value
Price. or Quantitv
[From our own correspoiident.]
1803.
London, Satorday,
Actual
Aver'ti
Value,
Sept. 24, 1904.
Price.
Business continues as slack as ever, but there is undoubt94.663,-89
122 246,0P6
edly a more hopeful feelirg not only upon the Stock Ex8,8-7.433,929 77-6
Btookjval.. $8666 80 .075 $58632-5,253 60-6
I144292M.S85
8B. bonds.. $644,UV8 900 t45;< '67,661 83-4
$4«6,101.000 $4R7,411.S98 g8 3
change but in industrial sfi'airs. The cotton trade has deQOT't bonds
1638 5 H 1111
$ 74,a>-0
$9l«.450
$1,063,141 iir-2
Hate bonds $10.^67 840 $10]4M,6I6 93-6
$3>-1.6
$13«,(143 362
cidedly revived and Larcaehire is row dcing a very active
281-8
$484 800
$1,123,9;
Bank stocks
1440,030
$1.445.1U0 3;d8-4
business and is expecting to do still better in the Immediate
Total... $9222,84-,295 $5718763 935 e2-or~ 11940765425 9,317,481.664 "78-0~
493,386,700 47vi,l43,'740 95^0.
9raln, bnsta.
489.491,900
future, especially with the Far East. The Indian demand
325,361,458 .bKc.
I»61wl007.676
rotalTalne.
for cotton is exceedirgly gocd. There is a good business
9,642.>' 43,022
The volume of transactions in share properties on the New likewise in coal and generally people are legs discouraged
Fork Stock Exchange each month since January 1 in 1904 than they were. The best opinion here Is that there will be
a decided improvement upon the Stock Exchacge before long.
md 1903 is indicated in the following:
While the war lasts it is not considered likely that there will
SALBS OF STOOSS AT NBW YORK STOCK JBIXCHANOB.
be much speculation, but it is expected that there will at
1904.
1903.
least be a very corsiderable increase in investment.
Month. Number
Values.
Values.
For a long time the general public has held aloof from
Number
of aharea.
of Sharet'
Par.
markets. Now it is expected to come in, partly because the
Actual.
Par.
.Actual.
opinion is strongly held, both here and in France, that all
$
$
$
$
ran .. 18.869.684 1,169.681,975 666,948,926 16.001.822 1.616.8a4.95(
1,204.668.214
danger of England and France being dragged into the war
8.767,i!5.
''eb
793,179,960
600,(>02,41^ 10.922.017 1.045.f:47.82f
836.098.769
has passed. Rightly or wrongly, it is believed that there is
aarch. 11,440,91 6 1,053.978.930 654.00 S,46l IB.095,806 1,424.484,40(
1,138.487,694
a clear understanding between the two countries, and that
<8 490 83C :<.00a.740.875
Istqr.
1,820,959,806 43.018.645 3.986.59e,67f 3.172,154,677
even if, which does not seem probable, China interferes, a
Iprll... 8,805 529
778.657.230
43n,8i0.48l 18.8»3.06> 1.150.685.10(
900.041,217
Hay...
6 290,110
600.729.000
way vflU be found to prevent either France or England being
a'i7.te4.RU 12.467,58> 1.166.807.90(
901.487.624
one..
4,9 2.804
465.355.700
2t 0,000,00' 15,396.741 1.400,689.18i
1.169.633,698
drawn into the fray. Furthermore, business is decidedly
.
2dqr, I8,4e8.44s[l.788.73t.9,';0
mos.
0 959,283 4.746,475.826
nly...
977.855.29i 40.167.387 3.717.682.185 2,971.062.439
18.462,894 1,187.679.700
2.798,816.10: S2,175,93> 7.703.178,700 8,148.217.116
698,5S6,88k I4,fl08,76>- 1.379.487,900 1.018.941.179
668.9l6.86l 14,870.948 1,851.659,500 1,006.411,409
I-.' 67,864 1.718.943.600 1.102 487,94 1- 10,795,46S
l,008.9fl9,«86
709.864,218
luRnst 18.474,789 1,070.701,950
lept...
8d qr 43,704.447 8,98 1.326.860 2,464.970,14P 40.070.154
3.739.749.625 8.734,216,806
0mos. 94,663,789
8.«n6,801,076 0,253.8-6,363 i2<346086
11.442928325 8.877.433.P22
The following compilation covers the clearings by
months
ince January
1
MONTHLT
OLBARINOfl.
Clearings, Total All.
Month.
1904.
annarj.
1908.
12,769 474 004 11.088.982.021
7,7^^,^8^*788 8.4fl8.707,4«<4
'•braarr
(aroh....
8.583,106.807
1st qaar.
.
13.5:'8.470
9,588.878.07f
9 29.189.0S7.66i
Clearings
P.Ct.
_
OuUide New Tork.
1904.
_
1903.
P. at
$
-14
-8
-18
8,744,947 885
3.384 084 78»'
6 3,679,103.317
-12 4
-4-0
+1-8
8,678.067.741 +0-03
8,003,861.668
3,227.498,463
10,608,186,988 10.708.425,762
-1-0
iprll.
8.8')9,188.9Z4
0,981,868,82'
-i3-:i
8.618,645 SS"
8.687,607,88V
lay...
8.816.947.-! '2
-8 9
-83
0,118,634,32:1
3,873,116,68.-
8.0&'«,428.30
-145
-4
9,4«2.181,f»0l.
3.487.934.6''6
3.643.606.187
8.676,695,617
ne..
d qaar..
i
34,588,6S861l 28.122,685,061 -12 6 10.879,508,969
10,866,808,612
flmoaths 60,117.028.610 57,263,862,622 -12t 20,9'-7,782,047
8
-61
—
4-3
21,E 65,284.364
—27
nly
8,6"0.31 1.721
9,767,846.633
-6-8 8.465 961 453
8.790.071.9.17
-8-«
inrast.,..
8,00806-913
7,921,228,lie
+11
8,862 4' 9 Oil
•Ptember
3.856,684.317
8 841.2788(3
7,673,849,870 +15-3
8.489,671,152
8,382,381.010
+20
+ 8-2
*d qaar.. .|26,618,65e,446|26,368,923,6 9
.
» inonthsl75,629,t8H.( 68'82,62B.7:e,851
+
0-6 10,807,991.6re
10,429,C 87.273
-1-2
8-5l81.2P6.724.8P8 31,be4.27l,6;i7
-22
The course of bank clearings at leading cities of the
country
the month of September and since January in
each of the
>r
at four years is
shown
in the subjoined statement.
more active
Germany, and Germans are buying here,
as yet. The German home trade
decidedly revived, and Russian orders in Germany
in
though not very heavily
bas
are very large.
It is expected that these orders will increase.
utderstood that within the next three or four months
a large Ruesian loan will be brought out in Germany. And
it is said that the greater part of the proceeds will be spent
in Germany for ships, guns and the like.
In Paris there is an immense accumulation of money; but
for the moment the French are doing almost as little as is
dene in London. One of the French newspapers publiehed
on Thursday morning a statement that the Russian Government is drawing up a strongly-worded protest against the
British treaty with Thibet. This made an unfavorable impiesslon in Paris, and French holders sold consols and other
British securities. Moreover, the prospect of- an early de'
nunoiation of the Concordat is checking business. Nobody
anticipates that any serious trouble will result, but it is
feared that there may be heavy selling on the part of sympatlizers with the Church, and consequently few people for
the moment are prepared to engage in fresh ventures. Probably, however, that leellng will pass away.
The best opinion
In Paris seems to be tbat while there will be little speculation, investment will continue upon a large scale.
The strong belief that the war will continue looali7.ed
which prevails at home and abroad is the main reason why
an improvement upon the London Stock Exchange is looked
for.
But another reason is that mone-y i8 expected to remain
abundant and fairly cheap during the nmatnder of the year.
Moderately cheap money, it is argued, al>^ayB leads to a large
It is
—
THE CHRONICLE.
144S
For uooonnt
From
the retnrn if sued by the Bank of England on Thursday it appears that the reserve slightly exceeded 29 millions
sterling, being about 83^ millions eterlicg more than at this
time last year, and the total stock of gold nearly reaches 8bl3^
millions sterling. For some time past the Bank has been obtaining very cocslderable amounts of gold. For the moment,
however, this has ceased, as the foreign exchanges have
turned against London. As usual at the end of September,
there ie a strong demand for loans and discounts in Germany. Always at this time of year there is a very large increase in the note circulation of the Imperial Bank of Ger
many, and couEcquently the Bank usually adds to its stock
of gold. Bnt the outflow of money ends -with the month ot
September, and early in October coin and notes begin to retnrn from the interior. Although, then, some gold has been
not believed that the purohasts will continue after next
week. And the beet opinion is that no gold will be taken
from the Bank of England. Whether gold will be shipped to
New York you are in a better position to jndge than anybody here. But the best opinion in London is that gold wili
not need to be shipped. Gold, however, will have to be sent
to Buenos Ayies and to Egypt in ccneiderable amounts.
The rifce in the value of money in New York has diverted
the deir.and for gold from that city to London, and on Thursday a small amount was taken from the Bank of England.
As the crop prospects in Argentina are ezceedinglv good, it
is anticipated that a considorable amount of gold will be
taken. But gold always in larger or smaller amounts has to
be sent to Buenos Ajres in the last few months of the year,
and likewise gold haa to be sent to Egypt. Coneeqnently, It
is not apprehended that the Argentine and Egyptian dewill very much affect the London money market unless other demands now unexpected arise,
The India Council continues to sell its drafts well. It
offered for tender on Wednesday 40 lacs, and the appUcatione
amounted to 214 lacs at prices ranging from Is 3 81 82d. to
mands
Applicants for bills at Is. 4d, per rupee
were allotted about 30 per cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of disoouat, the price of consols dec.
compared with the last three years
per rupee.
,
:
1801.
Sept. 25
1903.
Sept. 24.
£
i
1
Uiroulatto*
Public deD08iu
Ottier deposits
87,8S5,3S5
2H.895.135
7 2- 8 160
88.i93.940
29.1»!J,t^46
GoverDmetit securities
Other securiUes
Keserve sf coies aud coin
C»in & bullion, both depiirtm'tB
14.2<!7,1io
24. »c'.290
29,004. Wb7
ba,3»0,b4<!
lB,n>-6,tS(l
14.694, -.iCO
22,H53.i<«a
24,4«t),-52
3*. 444,907
2e.3(i9.H0rt
Sept. ai.
8,«t>7.a8e
40,536.519
tb%
Silver
Cleariog- House returas
The
rates for
16.0 3.457
25.46'',867
28.011,041
39.ea7,-9'
61 1-16
4
93 S-16
26T«a
2rt,3i8.503
87,8fa,.4S
53T«
5i%
8
B'-%
Prop, reserve to liabilities, p. c.
rate
percent.
Cou8«ls i!^ percent
Bank
29 401.660
10,8-3 704
40,758 Ot-
8,301.490
40,S73,88^
4
88 1L-16
27 .s-ied.
57 824 UOO
2e7-l«<l.
19ij,17 j,0<
money have been
biH
29^(1.
14(),hO3.UO0
aa follows
Top.
Preferred
M3.24u.0CC
:
8>,il
A Httuta Fe. 85H
de
Ohio
9314
9e>«
Canndlan Paolfle
135
Chesapeake & Ohio
457e
Chio. Oreat Wentern... 17
Erie, oommon
let preferred
London
Int4r»$t aHovc*
tor iepotit* b
Rates.
Trade BUi>
Bank BUli.
'».
Jo\ri
_.
^
Aug. 26 8
Sept.
"
"
••
a
MonthB.
i
Uontht
6
^
8 3
9 S
xe 8
S3 3
2 13-16®2Jfi
•i
<2M®3 16-16
li-ie®z9< 2 18-10®2H
2
9-16®t^
•I
6-ie@7-16
llH(»i 7-16
2H®3
2%&iH
Month* 3Mo$. i Mot Bank^
—" -^^ —
914
8M 3M®3H IH
3X
8}^
3
2%'»8
2H
£«
m
m&2H
d
— Days
—
Jali
2k
2M
1«
2
IH
3
IH
IH
IMi
m
3®8M
1V«
IH
19(
The following shows the Imports of cereal produoe into
the United Kingdom during the three weeks of the new
season compared with previous seasons
IMPOBTS.
19015
1003-4.
5.902,000
Imp'tsof wlieat, owt. 6,208,700
Barley
1,576.300
2,936.600
612.700
786.100
Oats
149 350
268,986
P«a8
171,161
?0l,553
Beans
Indian corn
2,241,000
3,690,200
Flour
610,600
1,178,100
Supplies available for consumption
on September
1901-5.
6.2'J6,700
ImporlB of a lur
Bales ol Uome-grown.
610.500
734.692
Total
7,611,892
Av*r.prloe wheat. we©tr.'^9s 7d
Average price, season. 298. lOd.
The following shows
afi iat
to the Crnired
qrs.
Flour, equal to qrs.
Maize......
1,86 ',500
1,236 f^OO
112000
252,100
3.175,000
1.198,100
(exoluslve of Stock
iirs.
1903-4.
5.90i,Ooo
1,1 8.100
833,517
1902-3.
5,851 o74
1,071.618
692,020
3.123,500
1,198 too
2,183.531
7,913,617
278. 6d,
7,615.312
6,505,131
29s,
9d.
27s.
288,
Id.
3d.
1901-2.
268.
26b.
01
Sd.
th« quantities of wheat, fljur and
Kingdom
Tiii$wetk,
Wheat
190102.
3.123,600
1):
Wheat Imported, owt.
maize
:
1902-3.
5,851,674
2,454,966
933,181
127,193
215.802
2,168,816
1,071,818
2,640,000
155.000
1,335,000
La$l
:
teeek.
2,750. ooo
175.000
1,185,000
1903
4.
1,455,000
345,000
1,330,000
137%
1902-3
1,560,000
310,0
555,000
92%
96%
96 1«
135%
x161\
4h%
17%
163>4
165
171%
172
301a
84i«
30
81
30
80
84%
3314
7038
71%
81%
31%
71%
49
19
146%
182%
147%
70
30
48
84%
34%
71%
49%
144%
I
14414
131%
141a
261a
51
41
131
Penneylvanla
684
Phlia.
Reading*
iBt preferred*
851a
44 1«
40
14%
S6%
11
62
41
7314
931a
131%
184%
182%
35%
94
117%
68%
iieifl
35%
118%
40
59%
34%
971a
96
117%
6
3
96
1938
7638
%
61
21
21%
48>«
70
96%
44
68
106%
96%
19%
77%
21%
21%
431a
34%
97%
19T8
7858
Wabash
191«
761a
08%
86%
44%
39%
60%
33%
44%
39%
107%
105%
96
116%
'e
9^
98
106
86%
72%
c<5
68%
35%
44%
39%
60%
3i%
8638
44>a
34%
35%
73%
78
94
Preferred
U. a. Steel Corp., com..
Preferred
68%
"B"
146%
180%
11%
26%
68
105 Bg
Union Pacific
88%
70%
48%
36%
75%
86%
97
84
5i
41
I
5»«R
SlSs
29%
131%
40
69 1«
&
17%
170%
32
26%
I
441a
2d preferred*
Southern Paolflo
Southern Rallw,, com..
Preferred
»7%
15
I
46%
4.'.%
<-4
|131%
15
26
62
41
68
96%
97
105%
96%
in%
76%
20%
42%
18"%
77
21%
43^
67%
44
68
67
Ol/ommcxxial ana Hixsceiiaiicous Alexrrs
Olvil*»c»>u*>
Jfavue of
Per
When
Cent Payable
Company.
Railroads (Steam).
Atohlson Toptka <fc Santa tre, com
2
Deo
Street Railways.
City Ry., Dayton, o., com & pf. (quar.); moct
Oreen & Coatee. Phi la., Pass By
$1 50: Oct
LanoaBter Oo. (Pa ) Ry & Light, prel
Oct
3
Lincoln (:^eb.) TraoMon. com
2>» Oct
Macon (es.) By <fe Lignt, pref
$S Got
Toronto (Canada) By. (qaar.)
IVtlOct
Banki§.
Mount Morris
4 iNoT
N. Y. Prortnce Eichange
3>9iOct
Book* Closed.
(Day* IrulvLtive.)
Nov
11
to
Deo
Sep 21
1
to
Sep 30
to
Oct 16
Sep 3(1
Sep lA
Oct 11
;
HoMers
1
Trust Companies.
Mount Vernon (quar.i
Fire Insurance.
North River
Miscellaneous.
Amer. Car cfc FcuDdry. pf (qn
4
Oct IS
Nov
1
to
Nov 16
4
to
Oct
15
lO'Oct
•I
Vj
9
Nov
1
1
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Sep
Oct
1
,
I
to
to
to
1*4 Nov
1 Oct 11
to
l>«!00t 16lOot e
P
to
14 Oct 16 Oct
to
2
Oct 16 Oct 7
'Holders of rec
Nov
2H»
1
to
Oct 2n:oct 11
to
$3 Oct leioot 4
] Hollers of rec
ISj Nov
to
31 jNov
iloct 16
3
Nov i:oot 16
to
(No.32)
(quar).
)
iOot
reo.
1
Oct 22
Oct 8
Not
1
ot reo.
Holders ot
Associated Merchants, Ist prf.
do
do
2d pref. (quar.)
Claflln (H. B.I, CDm. (quar.)
Edison Eieo. Ilium., Boston (quar.)
Harbison- Walker Be(ractorles,pf.(qu.)
International Power, pref
Michigan State Telep pref. (quar.)...
Nova acctla Bteel & Coal, com
do
do
do
pref. (quar.)
Pittsburgh Coal, pref. (quar.)
l^lOct
San Francisco Gas <& ElfCtrlo (quar,).. $1 25 Sep
Standard Underground Cable (quar.).. 2 Oct
li-j Deo
United States Rubber, pref
16
16
16
13
20
16
10
21
31
16
2,^; Holders ot rec.
30
SO'Sep 19
to
10
lOIOct 6
to
Deo 16
to
I.MDoo 1
19!Oflt
to
Oct 12
3
Ort
Interim diviiicno
AQCttuu ^alt^K- Uy Measn.
A Irian
id. flluii
288
&
Col. Sand.
Hock.
RR.Oo. pref
42 Col. Hand.
A,
RR
Hook,
1 Wor. Na^h.
tss
*^
com
)
288 Journeay A Bnrnham. 3 3
15 Litchfield <b Mad. Ry.
Co. pref
39
15 Sprague Nat. Bank of
Brooklyn
200
38 Tiow Directory Print. &
B. B. Co
70
25 ZiineBvllle Term. Ry. 1
Oo
„,,.
100 Union Sneclalty Mfg. > *V
'*'''•
Co.
(K.
Orange,
N J ),$lOea
100 Kentucky Ooal Oo. (full
&
!
lot
M Van
135%
Int. Is
1IP9H,
(ex-
25 Brooklyn Warthoose &
SlorageOo
91
12% BnehTern laalOo
22%
18 Maiihat. Stor. & WareI20I2
house Oo
2 0^11atln Nat. Bank.. ..400
2 Mechanics Nat. Bank. .259
1
$5
$2.0 '0 Jamaica W^t. Supply
Oo. iBtHs, 1"^07.J&D.101% <fclnt.
14.000 WaBhlUKOn War«r
Pow. Co. of Spoliano con«,
&colI.tr. .^H.1^29,JJEJ 103<blat.
$80,000 New York Corporatt< Stock, :!%« fir New E.
R. Edge., 19^4, MAN
103 1« A 1-32 <fc lot
$5,000 Bish Term. Co. iBt
86
48. 19.=)2. A&O
$2^,300 D»*'iiand note of C.
530%
Y. (ex-dlv)
40 Realty Asgoclates
dlv)
;
j
B'k Certof Dep.)..$ll01ot
Pin Oo.
(BlooiuUeld, N.J ). 231-232
42Tl'le Guar, i Tr. Co.,
Cpn'*ol, Safety
N
!
&
St. L. Ry.
(First Nat,
Oo.
8crli>
I
.-.»13 1ot
Rooh. RR.
Mf«.
Col. Band.
$1.99S(>3ioo
H. ok. KB. Co., Inc. bond
1
)
<a
$12 lot
((125)
1 Union Invest Co
f45 lot
100 Chatham Nttt. Bank. ...330%
10 Corn Exch. Bank
395%
5 BHT.ker-' Life Ine Co. .100
50 Safety Ihl'd Ball Oo..S25 lot
50Mfr-.Nat Bk of Bklvn.345%
•..8TltlelDB Co. of N Y...157%
4 Marrett Limber Co
1
eO Oumb. M >nnt Ooal &
$838-71 lot
Tlmb. Co
Bonds.
[^
30
:
145
1 Sanger Ilea
10 Herring Hall Marvin)
S.feCo. 2d pref....
$13
10 H^^^lng-Hall -Harvln { lot.
paid)
45 Chlo. Peo.
Co. pref.
<» .-jon
Co.
lot
'°^
f
Co. com
J
2 Herring - Hall - Marvin
Safe Co let pref
SO
Safe Co.
.
Shares.
-
2
13608
10>
U4%
961a
Slucks.
iki
3M®3>«
8M
3®3Vg
I
7-14
atoci
93%
9^%
93%
Preferred
501s
Nat RR of Mex.,l8tpf. 41's
N. Y. Cent, <fe Hndeon.. 131
N, Y. Ontario & Weet-. 36i>e
Norfolk & Weetern
72
93>«
Preferred
Northern Securities
Debenture
«6%
101
108
1X6%
47%
5%
85%
5
17
Westlpghoine Machine (quar,^
09*n Market
a
I03ia
98 CO
86 "re
4%
85%
17ia
2d preferred
47
nUnolB Central
143H>
L( ulsvlUe & NaBbvUle. 130>fl
I4is
Mezlnan Central
Mo Kan. & Tex., com.. 26
Preferred
9790
32<>8
Paul...
Den. <k Klo Gr., com....
Preferred
<t 8t.
2e%
88»,,
8811,,
g
8'^''8
4%
85 %
86I4
10i>a
033e
9bia
13ei«
161a
104
TKHr$.
97 »2i« 97-9<%
86%
868e
IH
4H
Preferred
Chlo. Mil.
26>,«
88II1.
H8%
X8e«a
Anaoonda Mining
Baltimore
red
26%
88',
97-77'« 97-75
8t)Hijl»h 48
AUh
T%u$.
2613,,
887ie
88>«
88II16
St'']*!
lUk
i-
is
1903.
Sept. 2i.
r«inteii(ln Parle)fr.
<'bi»i*.
Man,
BaU
onnoe
d.
U<inROla.,new, 2'a p. ots.
Fr'oh
1H04.
rkoia— Por
26%
LONDOK.
Silver, per
likewise.
boaght during the week in the open market for Germany,
[Vol. Lxxix.
Ki*aritah frinanrlal
iDveetmeot In CodboIs and Britieh railway stocks, and in
Moreover, aa Cbinere
these, therefore, a rlee is looked for.
laborers land in South Africa in large nambers, it is anticipated that there will be a recovery in the mining market
Is. 4d.
e
,
Hanover Nat. Bank. ...510
Heueen, on which
due since Oct. t»th,
& 350 VrtU Heusen
CbarleB Co. sXrxre. held as
collateral to said note... $'.3,385
$:^.100 Ciry of Richmond,
Va, Is, 1907, J&J ....107 Alnt
$•00 City of Rk'hmand, Va.,
88. Iti08,
$200 City
J&r
of
88, 1909,
110%
(feint.
Richmond, Va.,
J&J
112
4 Int.
..
.
Oct.
THE CHRONICLE.
8, 1904.]
New York City Clearing House Banks.—Statement of
oondition for the week ending Oct. 1, 190-t, based on average of daily results.
We omit two ciphers (00) in all eases.
BANKS.
Surplus.
Capital.
Loans.
Specie.
Legals.
(
Deposits Me.
1443
—
New York
City, Boston and Philadelphia Banks. Below
of the weekly returns of the Clearing House
Banks of New York City. Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
a
summary
We omit two
Capital &
BANKS Surplus.
ciphers (00) in all
Loans.
Legals.
Specie.
tliese figures.
De-
„
CircU'
posits, f
lation.
Clearings.
s've.
$
N. Y.
Bk. of N. T.
Manhat. Co.
Merchants'
Mechanics'.
Aniorica
Phoenix
. .
City
Chemical ..
Merch. Ex
GaUatrn
.
But. & Drov
Mech.&Tra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
. .
People's
...
N. America
Hanover
...
Irving
Citizens'
..
Ifassaa
Mar.<& Fult.
Sboe&Lthr.
Corn Esch
Oriental
...
Imp. & Trart
Park
Sast Blver
Fourth
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
Ave..
Fifth
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
German Ex.
Oermania
..
Lincoln
100,0
200,0
200,0
300,0
Gartield....
Filth
1,000,0
Bk.ofMet..
1,000,0
200,0
West
Side..
Seaboard
..
IstX.Bklyn
liiberty
N.Y.Pr.Kx
New
Amst.
600,0
300.0
1.000,0
1,000,0
500,0
350,0
Aator
Total
250,0
$
$
$
$
$
P.O.
$
3,353.0 1,842,0 19.729,0 26-3
11,032,0 2,195,0 34,685,0 38-1
4,155,2 1,348,0 21.786,3 2rv2
4,768,0 1.666.U 24,634.0 261
6,404,3 2,273,1) 30.688.3 •M-2
719,0
237,0
2,919,0 i-2-7
49,839,8 8,601,3 199,386.8 29 2
4,658,6 1,87;^,6 24,153,6 26-6
565,1
1,204,5
6,374,9 .'7-V
557,7
1,250,0
7.017.3 25 -V
608,8
40,5
2.219,2 29 2
637,0
480,0
4.963,0 22-4
695,4
471,6
2.713.0 430
3,818,3 1,880,5 23,215,3 24-5
28,961,0 13,158,2 162.344.8 ;i5-9
4,287,9 1,295,2 21,794,4 25-6
393,2
493,7
3.802.7 23-3
835,7
853,1
6,402, a 26-3
370.2
346.7
2,638,0 27-1
2,334,1 1,801.8 16,778,1 24-6
11,798,8 3,678,3 62,796.ti 24-8
335.5
1,304,6
6.434.0 25-4
3,788.7 1,570,4 19.782.2 27-0
413,2
258,0
3.203.4 20-9
1,397,5
668,2
7,024,0 29-4
1,795,0
426,4
8,776.3 2o-3
4,638,0 4,112,0 34.555,0 25-3
361.5
1.449,5
7.607.5 23-8
3,846,0 1,379,0 22,026.0 23 7
18,166,0 6,688,0 90,356,0 26-3
173,7
163,7
1,254,5 26-8
4,280,5 2,056.4 24.391.8 25 9
1,118,0 1,406.0
9.898.0 ,i6-5
26.380.9 1,962.6 113,269,0 260
493,1
1,295,7
7,101,9 251
413,0
347,0
3,472,0 21-4
1,061,5
525,7
5,675.8 2h-2
746,3
213.8
3.686.8 :::60
1,983,3 57.440.4 25
12,379,8
226,0 10,143,1 26-3
2,342,8
690,0
205,0
3,340,6 23-7
429.4 1,116,5
6,505.3 28-0
2,193,2 12,976,9 25-2
1,083,9
316,4
7,684,9 26-3
1,707,9
629,9
118,7
2,658,0 24-3
378,7
1,702.9
9,064,7 22-9
347,0
666,0
4,129,0 24-5
2,888,0 1,662,0 17,503,0 Z5-9
892,0
680,0
4,732,0 33-2
249,0 11,068,4 26-5
2,685,7
326,4
1.068,3
5,773,0 241
598,2
942,6
6,831,7 22-6
223,0
792,0
4,500,0 22 6
2,522,8 19.735.0
2,416,5 24.934,0
1.364,7 17.848,3
3,281,5 23.276,0
3,556,4 26.206,1
3.236,0
250,2
17,657,2 190,745,8
7,691,6 25,254.1
5.630.5
358,7
9.007,5
2,262,7
2,209.9
123,0
4.530,0
357,7
2,535,7
539,6
4,271,8 30,652,6
11,873,1 169,476,0
4,361,5 21,220,5
625,0
3,154,0
6,272,5
1,087,6
408,9
2,147,3
2,035,2 17,447.1
6,645,1 51.913,6
6,848,0
1,062,1
615,8 16,093,5
2,6«6,i
321,4
6.781,3
1,297,3
359,7
7,319,2
3,318,5 28,376,0
7,712,1
1.058.3
6,605,2 24,813,0
7,064,2 77,183,0
133,0
1,143,4
2,943,3 21,396,2
9.286,0
1,426,6
13,932,7 110,296,1
869,1
7,765,4
3,100,0
773,4
4,419,7
667,9
517,3
3,797.2
4,034,2 48,164,8
9,273,1
1,785,4
682,7
2,765,2
2,696,4
878,3
1,370,2 12,068,6
7,537,2
1,284,1
379,2
2,665,0
7,929,0
1,456,3
3,641,0
528.9
1,409,6 14,823,0
601,1
4,148,0
1,932,4 12,085,8
518,3
5,389,8
5,939,7
654,7
572,6
4,658,0
115,972,7 134,643.5 11430339 244,367,1 78,745,6 12127971
. .
266
t
t
Total United States deposits included, $23,262,400.
Reports of Non-Member Banks.
—
^The following is the
statement of condition of the non-member banks for the
week ending Oct. 1, 1904, based on average of daily results.
We
omit two ciphers COO) in all
Sep 10
Sep 17
Sep 24
Oct 1
Bos.
Sep 17
Sep 24
Oct 1
11304862 26.'>,362,6 78,503,0 12217094 40.06.i.8 1,002,38^,3
11409588 257.022,2 7,^382,6 12242066 40,107.3 1,410.637.9
11385048 251,967,5 77,804,3 l'Jl40,s:n 40,71!M' 1,199,072,9
11430339 244,367,1 78,745,6 12127971 40,576,0 1,353,708,1
250,296,1
250,616,2
250,612,2
250,612,2
52,635,4 175,522,0
52,635,4 175,167.0
62,635,4 175,998,0
OOs omitted.
SurInvest-
plus.
Specie.
ments.
N. Y. CiTT.
Boroughs of
Manic Br'nx
Colonial
«
2,231,8
4,818,0
1,752,8
1,944,1
3.150,8
2,220,9
2,669,1
1,690,6
2,990,0
1,207,0
7,863,0
1,616,0
1,480,4
1,913.3
787,1
2,076,9
$
243,1
291,8
116,7
81,9
Hamilton ..
123,3
Mt. Morris
118,9
Mutual
193,0
19th Ward .
195,8
Plaza
245,0
Riverside ..
106,0
State
682,2
114,3
12th Ward .
23d Ward ..
105,4
Yorkville ..
285,3
Fidelity
122,5
304,0
JeUerson ..
Century ...
63.3
Wash. Hgts
135,2
United Nat. 1.000.0 130,2
Consol. Nat, 1,000,0 1,129,9
Columbia
..
14th Street.
Gansevoort.
Union Excb
100.0
300,0
100,0
200,0
200,0
250.0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400.0
100,0
100,0
760,0
337,0
161,3
581.6
407,2
100,0
6i<4.8
2.072,2
3,784,1
4,782,1
617,4
150,0
300.0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
712.9
$
48,167,1 203,426,0
48,167.1 204,054,0
48,167,1 205,510,0
63,2
249,0
84,1
itBank Clearg Other Deposits
notes. Agent. Bks.&c
9,4
170,3
146,4
23,3
42,3
145.0
12,6
492,0
39,0
57,2
32,3
13,1
6,8
26,6
13,2
210,3
338,5
123,4
176,0
138.0
95,0
143,7
124,3
79.7
228,9
165,1
138,0
101.7
246,0
224,0
159,8
290,0
46,6
81,2
30,0
27,8
63,1
48.7
246,6
297.1
160,5
206.9
366,2
77,9
411,0
219,0
61,2
192,0
269,0
144.7
345,4
54,9
286.1
32,9
162,3
97,4
656.9
664,6
113,860,3
108.356,5
106,708.7
•'
due to other banks,"
t Including for Boston and Philadelphia the item
and also Government deposits. For Boston the.se Government deposits
amounted on Oct. I to $3,737.000 on Sept. 24 to $3,754,000.
;
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Sept. 29 and for the week ending for general merchandise
Sept. 30 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1904.
Dry Goods
1902.
1903.
$
$
634,9
3.5
73,0
83,7
176,0
65,4
105,4
288,8
..
172.3
674.0
.
285,8
228,0
6.2
73.7
125.0
300,0
1901.
$2,067,861
9,221,673
$2,505,869
7,73'2,457
$2,359,327
10,456.133
$11,289,534
$10,238,326
$12,815,460
$8,504,161
$90,941,288 .$101,179,443
350,547,237 345,405,385
$94.35.S,741
$80,462,269
336,924,396
General Merchandise
TotaL
Since Jem.
$2,063,363
6,440,798
1.
General Merchandise
Total 39 weeks
326,441.190
$441,488,525 $446,584,828 $420,794,931 $417,386,665
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. 3, and from January 1 to date.
The imports
in
NEW YORK FOB THE WEEK.
EXPORTS FROM
1904.
For the week
PreviooBly reported..
Total 39 weeks
1903.
1902.
1901.
$9,295,388
353.008,814
$8,884,640
366,047,711
$10,073,286
351,840,283
389,4 20.'221
$9,128,738
$362,304,202 $374,932,351 $361,913,669 $398,548,059
Note. —As the figures of exports as reported by the New York Cu.stom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we sliall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 1
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902,
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Week.
Imports.
Since Jan.
Week.
1.
Since Jan. 1.
1
Net
$
344,0
459,0
257,056,0 11,354,0
254,053,0 11,323,0
25s.()vi4.0 11,311.0
75,397,0
73,828,0
73,745,0
cases.
Leg. T.
$
118,938.2
111.363.4
113,373,2
7.414.(1
Exports.
Deposit with
CapitoL
7,386,0
7,419,0
Phila.
Sep 17
Sep 24
Oct 1
Gold.
BANKS.
5,834.0 218.606,0
5,885,0 218,178,0
5,590,0 218,019,0
16,584,0
16,226,0
15,823,0
3,059,4
5,118.0
2.169,0
2,184,1
3,592,2
3,006,9
2.730,6
2,287,6
2,682,0
1,405,0
8,917,0
2,143,0
2,006,9
2,539,6
761,7
2,051,7
738,9
544,2
1,306,8
2,569,8
5,285.9
Borottffh of
Great Britain
France
$19,637,476
.
41,30:.,126
$193',6bY)
7,2i8'6oi
1,608.395
4,137,275
3,000
"el 322
$222,500 $73,909,273
1,000 32,844,95«
$245,931
.
_
Germany
West Indies
Mexico
South America
„
$195,500
2'7;6o6
.....
All other countries
Total 1904
Total 1903
Total 1902
1,990
SUver.
Great Britain
France
Germany
West Indies
1,762
43.047
1,X00
61,641
323,408
26,023,485
$2,047,346
1,632.882
1,633,803
555,751
81,126
871,851
72.187
$6,894,946
4,035,851
3,160,882
„.
$624,305 $27,621,643
$535
............
1,309.219
25,800
3,856
8.746
129.520
Mexico
South America
"'"600
204,258
S6,383
10,360
18,696
All other countries
Total 1904
Total 1903
Total 1902
$742,399
52,155
4,614
1,856,100
10,423
410,82&
176,096
!^35.439
48,60(1
......
1,214.221
12,818
$624,805 $80,576,043
652.305
23,302,198
26.519.844
816.602
963.625
Of the above imports for the week in 1904, $5,600 were
American gold coin and $583 American silver coin. Of the
exports during the same time, $28,000 were American gold
com and $500 were American silver coin.
Brooklyn.
Broadway
Brooklyn
.
..
Mfrs.'Nat..
Mechauics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
SpragueNat
tJnlon
Wallabout
Borough
.
...
2.213,8
1,649,9
3,'-i86,l
7,176,1
1,169.3
5,175.0
3.288,0
1,301.1
1,385,9
649,8
1,159.0
1,135,8
771,3
1,644,0
63,3
741,5
589.9
162,2
184,7
89,6
233,8
116.0
84,4
91,8
13,6
103,2
318,6
218,0
10,6
200,0
140,0
17.7
77,8
12,0
127.0
46.1
56,2
19,2
191,9
446,9
57,0
484,7
104,1
660,0
608.2 1,185,5
69,8
154,1
387,0
795,0
401,0
007,0
83,6
34,0
127,7
290.1
55,0
78,2
25,0
247,0
92,3
122,0
30,0
44,1
102,1
122,2
22,4
50,9
70,0
23,0
310.0
116,6
148,1
96,1
30,0
469,3
194,2
65,6
2.606,2
2.008.7
3,948,2
9.131,7
1,302.1
5.402,0
4,191,0
1,331,2
1,826,3
716,0
1.262,0
1,641,3
922,(1
1.751,6
Auction Sales.
—See page preceding.
BONDS PAYING 5%
Write for special circular, which will be
mailed upon application.
BoTouf/h 0/
RichnMnd.
110,8
715,3
64,7
First Nat...
UudHou Co.
400,0 1,067,6
3,647,3
196,3
National
Second Nat
Third Nat.,
250,0
250,0
200,0
661,8
261.1
292,3
2,220,4
1,211.3
1,362,1
82,9
71,5
40,9
First Nat..,
110,0
Second Nat.
125.'t
639,8
155,0
2,178.2
1,222,4
142.5
49.3
l8tNat..S.I.
10,0
834,7
254,6
Spencer Trask
JERSBTCITT
.
313,1 1,631,4 1,820,0
77.7
18,0
69,1
646,5
219.9
656,7
175,0
44,3
4,9
2,386.4
1,127.7
1,876,0
87,4
34,7
176.8
681,4
63,6
2,682.1
1.227,9
Willieun
6,066,6
HOBOKKN.
39 3
Tot. Oct 1 101370 122185 96.919,0 4.306
6,749,2 141940 7.600,1 1112210
Tot. Sep 24 101370 122185 96.556,3 4,3.4,0 6.689.3 137434 7 3i'5.9 llii(i395
Tot. Sep 17 101370 121318'96,527.7 4,444,4 5,756,6 163286 6,992,0 1121123
&
Branch
Pine Streets,
Office,
Moffat
&
New
Co.
Tork.
Albany, N. Y.
&
White,
Members New York Htock ExchnnKC
1 NASSAU STRKET. COKNKK WAI..U
OenlerN In
I
Ivl. 5H2ti<6tl8l
CorllandU
InvoNtiiiciit >»ccurities.
Telephone Mtooka a Hpectalty.
i
THE
1414
^ixuTiJcrs^
For /Hctdemt* $tt page
[Vol. Lxxix.
CIIIIONICLK.
Increasing activity, which has been noted for several weeks
market for railway bonds has continue and the
number of issues traded in is larger than for » long time
past. Prices have been much more ^teady than in the shares
department, and in only a few cases have changes been
ffia^jette.
past, in the
i4i».
1
FRIDAY. OCT. 7. 1H04.-.5 H. I".
noteworthy.
und Kinuncial SUnaiion. Security
Uoiti'd 8tuiAH UoikIh— Sales of Qovemment bonds at
prices cont nued to advance during the early part of the
week. The niaxiniuin quotations were generally recorded the Board include $11,000 48, cuup., 1907, at 106?^, and
on Tuesday and Wednesday, since which there lias been a $1,000 3s, coup., lUi'8-18at 105. The following are the daily
reactionary tendency. The volume of business at the "tock closintt quotHtions: fnr y any range nee thiro poQe fuUowxng:
Exchange lias largely increased. On each of the days menInUrtei Oct.
Oet.
Oet.
Get.
Oet
Oet.
PtrioAi
6
a
4
6
7
1
tioned the transactions in shares amounted to nearly 1,350,000, and the aggrt gate for the week is larger than for any «». 1980
regutered g— Jai. '\t<i\ n4»4 '104*4 •H'4»«| 1«4»4'104N
ooapoD Q-JaB •X 14 »4 •104»4 •104 •« •104»4: 104'4 -104^
week since the active period in 1902. The sensational feature Is, 1930......
Is,
of the wtek has tern St. Paul common, some details of Is, 1980,sma.LreKiBter>-d
1980, small
ooupuL
WAI-I- MTIIKET.
The
tliir».et
Mori*")-
wliich are given in our reviev? of the stock market.
But adide from the dem .nd for speciHo issues and the concurrent speculative operations, there is evidence of investment buying quite distinct from either. The bond market
has been more active and of a broader character than for a
long time past, and some of the best-known investment
stocks, including the high priced coal carriers and prominent trunk-line shares, have advanced to the highest quotations of the year.
Some of the causes for this increased business are obvious.
It is now a well-established fact that crop conditions are
more favorable than recent e.stimates have led tha public to
believe, and the general business of the country is steadily
Moreover money market conditions at home
improving.
and abroad are much more favorable for an enlargement of
legitimate undertakings than is usual at this season of the
year.
The open market rates for oall loans on the Stook Exchange
during the week on stock and bond ooUaterals have ranged
from V% to %% p. c. To-day's rates on oall were 2 to 2>^
p. 0.
Prime oommeroial paper quoted
endorsements and
4^@5 p. c. for best
at 43^@4% p.
single numts.
toi
o.
The Bank of England weekly statement on Thursday
showad a decrease in bullion of £1,017,441 and the percentage of reserve to liabilities was 3'-: against 57 -50 last week,
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows a decrease of 20,650,000 francs in
gold aad 3,323,000 francs in silver.
f
^
HBW TORK
OrtT OLBABINO-HODBF BANKS.
li,
ts,
-mw
1918
1918
regnterfcd y-irVi' •i04»4 •i04»4 *ir4»« •ib4».
•iciii
oonpoL cj-Feb •106 >a •106"» •106S •1U&>{|'1U6>« 106
t8,1918, smalLregtsterbd g-Feh
ooapoL Q-Fel'
Is, 1918, small
is, 1007
reKlBtereo
Jai)
oonputi Q-Jas
is, 1907...
registered Q-Feb
is, 1936
.
•106
•106
'ioe«8
•106
M06S
*108
•106
-106*.
•scjeog
*iai<v,
ice's
Q—
•106
1I6H •10e»8".06H
loes •1C6S •loes'ioes
•IXIH *181S 131H i»i<i -ills
oonpno Q-Feb *181«b 181S •181S •131'V •I8l»8 131S
is. 1936
«Tblsi« tbs Dioe Old at tie mirainc ooard: ao ««i« was ma"'.
Railroad and Miscellaneoas ••tocks. — Tbe stock market
has been unusually active, as noted above. On Monday and
Tuesday it was stronur, led liy a sensational advance in several issues, notably St. Paul, Great Northern and Buffalo
h referred shares of the latter sold
Rochester
Pittsburgh,
nearly 30 points above the last recorded price and Great
&
Northern 5 points,
Paul opened on Monday at 158}^ ex
dividend, advanced over a point during the day, sold up to 167
on Tuesday and to 169% on Wednesday, the transactions
aggregating about 33i,00O st ares during th^ three days. As
might be expected,! he figures mentioned were not maintained,
and the stock closes over 3 points below its highest. This
movement was accompanied by rumors that St. Paul will be
benefited bj' a settl-ment of the Northern Securities matter.
New York Central advanced nearly 4 points and retains
a large part of the gain. Reading was the active feature on
Thursday, over 150,000 shares having been traded in, but it
moved within a relatively narrow range. To-day it was
again the leader and closeii 3 points higher than last week.
The coal stocks have all continued strong. Central of New
Jersey holding all of the gain noted last week. Metropolitan Street Railway and Metropolitan Securities are exceppoints.
tional in that they have declined about
The United States Steel issues were strong during the
early part of the week, but have declined on profit-taking
sales.
Republic Iron & >teel preferred advanced ^% points,
a large part of which it has held. The copper stoclts have
also been strong.
For oaxiy volume of business see page 1451,
The following sales have occurred this week of shares not
represented In our detailed list on the pazes which follow.
^^^^t.
'l
1908
iy03
3
fron
Oct. 1
Oct
pmious vitck
t
%
116,972.700
Burplns ...........
134,643 600
LoaBB A dUoonnts 1,143,033 900 Ino"4,629,100
CJlTOTilauoii
143,2)0
4U,676 0')0 Deo
Get.
9
118 072,70(
184 433 30'
OApitAl
4
t
100 672,700
100
46.H74,70i
8W7, 21 4,400
1' 7 6(57,900
872,8 3,700
3^,660 900
873,176,000
161,2'*H 91
911i,9(i3
Deo
1,286,1100
Rpeole .............
Legal teHders
244,»67 100 Deo
78,746,600 Ino
7,«i0 400
941.300
167,478 400
70,762, 700
68,698800
Beserveheia
26 p. 0. ot deposits
823,113,700 Deo
6,659,10'.>
803,199275 Dee
321,600
339,241,100
224,803 600
819,863 200
218,044,000
ETet deposits
•1,212,74^7 100
19,913426 De' 6,337,600
13.937,600
Sorplns reserve
1.819,200
$38,262,400 United States aeposlts moiaded, •gainei $23,437,10)' lasi
week and $36.80^,800 the oorrespondlng week of 1903. WUb these
United states I'^poaits elmlnated.ttiegnrplaereservewoald he $26,729,025
9n Oct. 1 and *3 1.1 10.300 oti Sept. 24,
MOTK.— Retarnsot separate banks appear on the preceding page.
*
Foreign Exclianire.— The foreien exchange market was
irregular this week and generally lower, closing stead v.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84'34 84^^ for sixty day and 4 86^^ for sight. Today's (Friday's) actual rates for sterling exchange were
4 8335(34 8345 for long, 4 8540@4 8545 for short and 4 8570^)
4 8575 for cables. Commercial on banks, 4 8310@4 8320, and
documents for payment, 4 82>^@4 83.i0. Cot'on for payment,
4 82i^@4 8230; cotton for acceptance, 4 8310@4 8320, and
grain for payment, 4 8310(34 8320.
To-day's (Friilay's) actual rates for Paris bankers' francs
5 19%'(a5 19% for long and 5 181^-35 173.^t for shori.
Germany bankers' marks were 945^@94 11-16 tor long and
Amsterdam bankers' guilders were
95 3-16 a 95'4t for short.
4011^40 1-16 for long and 40M'a40M** for short.
Exchange at Paris on London to-day, 25 f. 15c.; week's
range, 25 f. 17>^c. high and 25 f. 14i;^c. low.
The week's range for exchange r >tes follows:
were
-Long.
Sterling Actual
4 8340
4 8350
-a 4 8340
Low. .. 4 H3iO
—
.
®
High...
I
I
Pdrii Bankers' Francs—
High... 16 9\t
® 6 19^t
316 193b
Low...|6 1»S*
Germany Bankers' Marks—
High...
Low....
94iiia
I
I
94'>8
®
®
Short.-
.
|
4 S545
|
94»«t
®
6 18>8
@
^
5 17"«t
6 la's
a
®
95>4t
,
I
96»ut
I
SIS'*!
I
Cables.
.
4 8660
4 8530
I
I
9*»>u
-,
'9
I
96».a
9b^
4
4 8686
4 8670
8640
-a
it
4 8696
4 8576
I
|
Amsterdam Bankers' OuUdtrs—
HlRh...
Low... .
Less:
I
I
•
9
a
4011
40
»i« of
10^
t
Xnding
Oet. 7
Allis-Chalmers Co
Preferred
Amer Agnoui Chem
Am
Steel Foandrles
Preferred
Amer Teleg & Cahle
Homestake Mining
Horn Silver Mining.
Enick Ice (Chicago)
Nat Enam <& ->ihiiii ing..
Wayne <fc Chio.
SBCurltles III Cent'
•took trnet certificates
Va Iron Coal & Coke
Pitts, Ft.
RB
Bvng* )er Wssk
/or
imng* sinti Jan.
401i
40>«*
4014
I
I
It* Of
1%.
t
»», of
-a
®
40'«
40i«**
1%. Plus
I
I
I
1i
ix, of
1%. *•
^ts of
1%.
exchange on
to-aay Savannah,
for domestic
ifork at the under-montloned f^ltiee
buying, 50 j. per $1,000 discount; selling, 73c. per $1,000 premium; Jharleston, 25c. per $1,000 premium: .Xew Orleans,
bank, 85c. per |1,000 fUscouui; lommerolai, $1 25 per $1,000
discount; Chicago, 20o. per $1,000 fiipoount; St. Loaib, 40c.
per $1,000 discount; San b'rancisco, 80c. per $1,000 premium.
Htate and Itailroad Bond8.-Sale8 of State bonds at the
Board are limited to §1,000 Tennessee settlement 33 at 90.
1.
Wetk
iOn
160
10
911.
1,035
SSO
60
101'
700
945
120
S97
2ti4
ll^tOot 3; ll»,Oot
50 Oct 4 5
Oct
16>«Oct 5 16>iOct
•
6
Mar
3v).«Mar
13 Mar
15
Feb
64% Feb
IB", Oct
8\Sep
Oct 6
7 «9O0t
SSJ'ne
Oct 6{ 89 Oct
26 Jly 38 Sep
Oct 1! 92 Oct
Si Jar 93 Bep
4a>«Mar 66 Oct
55 Oct 6 ^5 Oct
711-75 Oct
1 76 Oct
12s Mar 1-76 Oct
8%0ct 3
9 Jan
9 Oct
8 Sep
14 Sep
21 Jaa
14 Oct ll 14 Oct *
181 Oct 6 lassoot 7 i79««J'ly ls3»40ot
7
34
Hi
87 Oct
22>«Oct
8
3
87 Oct 6
22>8O0t 4
86
Feb
18>iiSep
98 May
32>sOct
Ui'tci^le M-^rket.
Northern Securities again furnished
the principal feature in the trading in the market for unlisted securities this week; dealings continued on a large
scale and the price made a further substantial gain to the
highest point attained this year. Opening on Saturday at
1111^, an advaLco of ^3, tbe price of this stock moved
up irregularly to 115J.2 on Tuesday, then became depressed aud to-day sold down to 111-^^; the close was at 112%;
it is estimated that about 10 ',000 shares changed hands durNorthern Pacific "when released" jumped 5
ing the week
points to 143, but to-day fell back again to 139. Trading in
Greene Consolidated Copper stock continued on a large
price
scale; the
rose
from 18^ to 20-^, but later
and closed today at 20"^^. It is
reacted to
19Ji
stated that the Listing Committee of the Buston Stock
Exchange has reported favorably on the application
of the Greene Consolidated Copper Co. to list its shares, and
it is believed that in about a week this stock will be traded
in on the Boston market. Increased animation and strength
developed in the market for the common and preferred
shares of the Markay Companies this week
the common
advanced from 2714 to S'ljg, but then reacted to 30; the
close to-day was at 3014
the preferred gained 4^
points to
''S}>^,
but like
the
common it dropped
touching
back,
72;
to-day
there
was a recovery
to 72f'3. Standard Oil rose 4 points to 645. American Tobacco preferred
when issued" declined 1% points to 86,
but to-day it reacted to 87.
Electric Vehicle common
dropped 1^-^ points to 16'y while the preferred fell from 25
to 23. The common shares of American Can rose 2 points
The preferred advanced
to 1%, but to-day reacted to Q%.
from 47 to 493^^ and to-day fell off to 47^^, but closed at 48)^.
Outside quotations will be found on page 1451.
;
40«i«
The following were the rates
Nhw
saUf
STOCKS
ire««
;
r
9
4
s.
..
..
New York
Exchange— Stock
Stock
1
Record, Daily, Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGIilCST AJSD LOWEST SALE PBJCJiS
Monday
Saturday
Oct.
•28
Oct.
1
*28
•60
32
65
83
60
83
100 >2 lOOSfi
138 138
90>-,
90
94
94
57 >4
•148
*155
-85
8SI4
131>i)
69
182
44'a 45
•39
*8l
85
•190 210
•128 150
"12
le-^
•82
32
65
8238 83 14
100 100"
137 I38I5
89^4 90^8
•93
94
567g 58H1
160
165
154
]65
131
*68
182
Hj
le^f.
85
3
•85
8812
I3II4 132
6718 67S8
182
182 >2
441.3 45 Hz
3912 39 12
•81
84'i
210
150
190
128
16%
82 la
24
le^a
85
5512 5512
•54»9 56 S.
27 V!
Hf
?26'e 26^8
100^4 161»4 ;I58'8l59'8
181 181
187
•I'-S
189^8 190
189 190
•140
•185
•140
•185
«7
6\
16 >4 •14
150
150
6 "a
lh\
7 Hi
75,
....
7
60^6
26I4
169^8 170^8
81
26
24
24
&H
8%
13*4
31'4
31 la
67 »e 68
4698
46
•58
6934
•75
85
46Hl 47
•175 185
•80
89
32
89 Hi
139Tgl40i4
2514
25»4
46
246
•3378 37
77>a 7712
•23
•46
•14
•47
26
•31
33
100
265
463,
16
4
4H
714
71
734
714
72
814
13>4
160
'140
18741874
714
29 14
814 82%
•24
27
4
44
74
*7
713
724
•734
8
68
68^
4612
4739
46^4
47
594
5979
•58
•75
•46
185
33
59
85
48
'76
'44
185
180
nsi
140
•185
64
144
8
36 4
151
150
190
'140
'185
85
49
185
150
140
185
190
6*4
1434
84
.
•290
29
295
29
814 82
•24
28
•4
7
71*4
•734
124
3234
6878
46*4
•59
•75
•43
•180
•47
33
88
47
32
90
245
&
160
190
36
294
•28
294
294
40
834
110
Do pref
Cleve. Cin. Ohio.
Do pref
&
St.
Colorado
51
173
294*.
<fe
&
elaw. Lack.
51
32
100
265
58
59
•69
60
85
•75
•43
60
85
•43
48
•180 185
•764 77
75
West'n
48
185
& 'Terre
Evansv.
Ft.
4,415
220
600
343,530
31,981
19,595
otf.A
154 154
Do
deb. ctf. B
804 804 Hocking Valley.
894 •87*4 89 4
Do pref
•245
265
265
li
Shore
&
Ma>U
J'lyl5
Feb 2
Mayl2
Marl
14
135
137»
•130
57 14
57
•95
74^4
98
76
131
>.
131
24 '4 24'^
49
4918
970b 98 "a
•126 126
•39
41
20
Vj
126
21 Wj
12612
•SOHj 32
113 113
67 W| 67 Sj
•191 >a 193 Hi
3638 S534
69 'a 71
•90
92
•63 "a 66
•98 105
-7815 75
132 '8 1 32 'b
26
25
•76
80
•69
•loo
68''4
86>.j
•77
28
72
70'^
108
09 1^
86 Vj
781-j
29'«.
72
V,
143f
14% 14%
130 4135
•57
135
57 4
75
130
•95
76
1304 •130
56
98
24%
49
68
98
754
95
774
24'e
503,
9778 »»''4
126 128
•39
41
•20
214
I26I4I27I4
32
32
110 120
70
65
14
131
•66
•95
77
13% 144
144
135
574
98
}130
57
95
I30I4
130
130
110
65
69^4
120
66% 66%
65
105
•744 75
65 14 6734
•98 100
75
75
76
132% 1334 133
134 4
•24
•76
4
70
104
25
86
78
28 4
72
H2
25
25
80
80
75
71
7134
71
100 105
68 4 t5'.'4
86% 86 4
*78
78
29
30
104
68% 69 4
«6 '8
78
29%
723<
129
129
110
129
7234
784
68
•98
•24
•76
•M
105
26'
80
354
71
71
90 4 95
191
n'.>l
•68
69
•98 105
79
131
58
98
81
134
25 4
52
100',
Minneapolis
Do
Minn.
Do
Do
S. S.
Mane.
pref
23.2r.5
pref
Missouri Pacific
14%Keb24
32 4 J 'ne 1
87 Feb 27
113,885
130
754
132%
764 764
24
•75
133*4
24 4
4 244 •23
ao
784 784
71% 71% •70
104
%
7o76
704
86>4
78
86*4 864
774 79
78
234 29
71
72%
2934
73
1,425
410
Penusylvanm
429,689
300
100
I'eoriacb Eastern
I'oro .Marquette
28
2334
71
72
42
10l4Feb2i
3434 Feb 25
157gFeb2.)
11278 Marl2
MaylO
lol4Mayl2
60
J'nel4
May 19
i9%Marl4
53 4Marl2
88 May 6
81854
150
51
95
J'uel4
Feu 24
J'ly2'J
614 Jau 12
lll4Marl2
17 Marie
74%J'ne
9
May 31
Apr 20
April
Mar 14
Mai 1
3,140 564 Feb 25
Do
pref
868
Cin. Chic. <fc SU L.
1,670 85
Da pref
200 90
l>eading, vot'g tr. ctfs.. 530,31(0 38*4
tvist pref. vot. tr. ctfs...
2,696 76
PiltsI).
103 4105
105
68J4
72
5
24,200
Texas..
<fe
64 4 Pacific Coast Co
Do Istpref
105
Do 2d pref
77
64 4
Mar y
Apr 23
600 81194 fr'eb 1
400 40 J'ne 3
lOU 80 J'ly 29
15,675 55 Jan 4
760 IIG May 2
St. Louis.
cfe
<fc
Mo. Kansas
Mar 14
Jan 15
10,480
pref
S. P.
1
MaylT
Feb23
Marl2
Marl4
16
Mexican Central
Michigan Central
•98
132*4 134
684 704
86 4 81)34
•774 78
28*4
71»4
116
34
714 714
103 4105
1
May 2 4
45
pref
3,;):-! 5
XT ash. Chatt. <fc St. Loui.s
at.of ?ilex, non-cum.pf
1.000
Do 2d pref
Y. Central & Hudson.
58,350
Y. Chic. & St. Louis...
400
110 116
Do Istpref
100
•64
60'*4
Do 2d pref
310
41
1!»24 1934
Y. N. Haven •& Hartf
344 34% N. Y. Ontario & Western. 34,450
75,985
704 72 4 Norfolk <& Western
•90
650
95
Do adjustment pref.
Northern Central
40
65
65
nyi''4 i!'i*4
764
13l41323e
64
131
•56
•96
a
*U0
J'ne
§250 J'ly
3it
404 40
40% 39
40
39
•20% 214 •20
214 •20
214 •194 204
126% 127 14 1267gl30 4 1284 130
128% 130
•32
32
32
32
32
314 324
}lyl41914 •IUI4I934 392 192
34 4
34 4 35 4
344 35% 34
70 4 7318
72 4 73 14
714 72*4
92
914 90 4 92
92
«91
*9i
13% 14
131
57
95
774 77*4 794 784
132
1304133
131 131
133
25% 2534 254 25 7e 25
26 4
24%
60 4 5178
50 4 51*4
504 51% 504
99
99% 101% 994100% 99 100-i|
128
39
Aug 1(1
325 46
33,25u 101
3,432 139*4
76,335 724
60,217 104*4
Met. West Side El. (Chic.)
14
•ISO
214MayHi
35%May31
33
Mich. South'n
56
56
564 •55
68 Long Island
12741284 12741284 127 127 4 Louisville & Nashville..
153 4154 4 154 1544 164 1544 Manhattan Elevated...
797, 82*4
8234 84 4
80 4 82 7^
etrop. Secnr., sub. reo.
12041214 11878 120*4 118*4 120 Metropolitan Street
Do
2d pref. vot'g
tr. ctfs.
Rock Island Company
138,485
16,780
60
Do
pref
Rutland, pret
J'ly 20
6
59*8 Oct
Oct
Oct
3
3
96*4 Pel)
82*4 J'ly
140
182 4 Sep 12 153
Oct
Feb
Sep 160
Ang23
1334 Oct 4 115% Oct
69 Sep 15 57 4 Sep
45*4
Jan
41
29 4 Sep 71%Peb
121 Nov 150 Feb
138*4
F.'l>
78 4 Jan
Oct 190 Jan
274 Nov 534 Jan
184 Sep 374 Jan
60 Sep 754 Dec
4
42 Aug29
854 Jau 21
81S2 .Ian 14 8170 J'ly 8184 -Mai
8135 Mar24 105 J'ly 1384 Jan
17*4
Jan 22
13
Aug 29% Jan
907g Jau
854 Jan
4678 Feb
1834 Jan
1944 Jau
2244 Jan
250 Jan
200 4 Jau
102 Jau
194 Jan
86 4 Apr 12 83 4 Sep
71 Jan 23 63 Oct
31 Jan 21
24 Sep
169% Oct 5 133 4 Aug
185 Sep 27 163 Aug
191 Sep 2 153 Sep
232 Sep 15 190 Aug
8151 Oct 5 132 Oct
145 Jan 21 117 J'ly
187 4 Oct 4 8165 Nov
1234 Jan 16
8 Aug
264Jau 15 15 Sep
56
L
Marl2
884
29,736 12534 Feb24
142% 14334 142 414278 Illinois Central,
2,600 14 "J'ne
254 254 ''24*4 25 4 Lowa Central.
c
750 32 Feb 2
454 454 46
454
Do pref.
•34
•34 4 374 Kanawha & Michigan.
100 22 4 May 9
37
77
2,726 64 4 J'ne 1
774 774 774
C.Ft.S.<fcM.,tr. cts. pfd
•24
243<
•23 4 244 Kansas City So. vot. tr. ..
200 164 Feb 24
•454 461400 31 Feb J
46
46
Do pief. vot. tr. ctts
•14
16*4 •14
1534 Keokuk <fe Des Moines..
100 104Janll
'47
•47
45 4 Apr 7
51
61
Do pref
•31
250 26 Marll
•314 34
34 Lake Erie & Western..
•90 100
•90 100
200 85 J'nel7
Do pref
245
95
160
165
89
604J'nelO 72 4 Oct _
5 4-''ue
104 Jan 22
94 AugU 16*4 Jan 2
200
200 170
70
127 11
1,100 60
77
1,65(
C.,.>itnip
81
80*4
1384 Sep 28
91 4 Oct 4
Dec
514 Dec 69 Jan
54 Aug 3979 Jan
84% Aug 103 4 Jan
106 Dec 126 Maj
71% Sep 104 Jau
197gJan
36 J.in
3
72
40
Great Northern, pref
Green Bay<feW.,deb.
101%i:iep 27
25
84 Aug31
J'lyli
4
29
420 54
Haute..
Do pret
Worth&Den.
54 Aug31
114Aug31
Sep 23
Sep 2!
Sep 27
30
64
84
Highest
May 17 4 Jan
May24 40 Aug31 30 May 50*4 Jan
5,018 684 May 1
83 4 Oct ' 66 Aug 99% Jan
100 Feb
1104Marl 112 Dec U9 Jan
4.605 134 J'ne
20 4 Sep 2
10 J'ly 31 4 Jan
2,855 48 J'ne
584 Jan 2
444 Aug 72 Jan
.S.COO 1778 J'ne
23% Jan 22 17 Aug 48 Jan
42,280 149 Marl 174 4 Oct
149 Aug 1834 Feb
1,844 2504 Feb--'_ 300 Sep 29 230 J'ly 2764 Jan
1,500 18 Mar 14 29 4 Sep 'ir
18
Oct 43 Feb
2,760 64 4 Feb 2 4 82 4 Sep 1'
62 Nov 90 4 Feb
160 19 4 Jan
24% Jan 2: 1-. Sep 47 4 Jan
l%J'ne2
100
14*4 Jan 2,
734 Aug 20% Jau
234 J'iie2
326
29 4 Jan 2i
14 Nov 3934 Jan
So., vot. trust
<fc
180
1,585
2,895
8,300
Do Istpf. Tot. tr. c£s.
Do 2d pf. vot. tr. ctf
Delaware & Hudson
26%
Mar22
100 8165 Apr 28
L.
19'.
J'ne 6
135
&
294 •274 284 Denver & Rio Grande
811,
81% 81*4 80
Do pref
•24
"234 23 Des Moines & Ft. Dodge.
28
44 •34 44 Detroit South. vot. tr. ctf.s
44 •4
64 94 7
7
7
Do pref. vot. tr. ctfs
71*4
70
72
71
704 Detroit United
8
58% 84 Duluth So. Shore
Atl..
87% 8
12*4 134
13
13
13
Do pref
3214 33%
3334
32 4 3
Erie
69% 68
69 4
684 69%
Do Ist pref
47*4
46*4 473.
47 7^
47
Do 2d pref
60
85
48
185
^30
Pacitto
Chic. Rock Isl'd
Oni.
Chic. St. P. Minn.
Do pref
634
40
81
61
33
90 100
•90
92
'245
•245
•245 265
275
•55
•55
56
68
56
68
12714128% 12714 128 4
127 128
154 1544
153^163'>8 164 154
86
86
83
83
83 Hi 8412
12034 1213«
121<4l22>4 12034 122
61
•314 334
J'lyli
,^
•64 7 Chicago Term'l Transfer.
144 144 J 14% 14%
Do pref
•74 8 Chicago Union Traction.
734
8
64
144 14% •144 16
814 •81
82
394 891-t 8914 88*4 894
13934 140 4 140 414178 1424143 4
26 14 25 14
2434 25 14
25
264
•46
47
464 464 46% 46%
•3334 37
344 344 344 37
773,
774 774 774 774 77
•23'8 2478
24
24
244 244
46*4
•46
4718
464 46% •46
16
14
•U 16
164 154
82
82
•88
25
Ann Arbor
32
82*4
<fe
124 13%
32% 3314
68 4 69
*12ia
Si's
-47
51
28
60
32
65
83 7^
82%
.
84
•24
•4
•12»4
65
84
Year (1U03)
Lowest
Railroads.
<fc
I5I4
JSl^s
70^4
8278
Ranije lor J^eviout
JJ iqhest
.
74
8178
TSi
•28
•60
Lowest
Shares
.
7»(
Sl'^B
4>12
32
lianqe lor Year 1904
On basis of lOU-share lots
Week
EXCHANGE
7
Oct.
01
the
i;
678
1434
S\%
•7
J 7034
60
Friday
6'
Oct.
Sales
STOCK
549*4 J'ne
62
Do pref
83% Atch. Topeka <fe Santa Pe. 142,235 64 Feb 2
14,498 87% Jan
1004 100410078 100 10076 100 100%
Do pref
3,255 1044 Feb 18
137413778 137 13734 137 4137% 1364137% Atlantic Coast Line RR..
71,695 7278 Mar 14
914 89% 9076 Baltimore & Ohio
90% 914 9034 91I4 90
1,305 87% Feb 19
94
94
94
934 934 ?93
98
94
Do pref
144,38.^ 38
Feb 24
5734 58
583. Brooklyn Rapid Transit
574 58 14 57*4 59% 63
94:. 1184 Mar 2
157 167
154 154 Buftlalo Roch. & Pittsb'g.
1594160
15541554
160 175 '158 170
200 ?l8.54J'ne24
175
175
Do pref
1,4011
•85
Aug 1
834 •85
884 •85
884 864 884 Buffalo <& Snsque, pref ..
25,633 1094Marl2
13178 13314 1324133
13134 I33I4 1314 132 4 (ianadian Pacific
•67
67^'4
•67 4 68
68
1,682 64 Apr 29
68% 68% 68%
Canada Southern
1,860 154 4 Feb 20
'18141324 1804181
I8I4I8I4 1824 1824 Central of New Jersey...
44>'4 45
4434 4534
51,160 284 Mar 14
43% 444 43% 444 Chesapeake <fe Ohio
394 40
780 33 Jan 15
40
40
394 394 3934 37^4 Chicago & Alton
81 83
80 85 •80 85
100 75 Jan 2
80
80
Do pref
190 210 190 210 190 210
179 210 Chicago Burl
nSl Jan 18
Qnmcy..
400 124 Feb 11
128 160 128 150
132 132
133 135 Chicago & East. 111., pref.
164 16% 1634 1678 1638 1678 164 164 Chicago Great Western.. 8.67U 1278 J'ne 8
814 85 83 85 814 85
85
85
100 804J'lyl3
Do 4 p. c. debentures
56 564 •5534 57
200 47 4 J'ne 6
55*4 553, 55
56
Do 5 p. c. pref "A"
•2534 264 •244 274 25
50 20 J'ne 6
27 4 •25
264
pref. "B"..
Do 4 p. c.
15978 167
165% 169*6 165 1674 105 416(5% Chicago Milw. & St. PatU. 429,815 137%Feb24
•1804
"183 185
575 173 Mar 4
182 182
182 185
Do pref
188 188 Chicag-o North Western 14,195 161%Marl4
189% 190*4 189 19034 187 191
207 Fob 8
Do pret
8334
a;294 295 la '285
29
28^4 29 14
295 299
•28 "a 29
•28
Thursday
82% 82 4 824 82% 824 83% 82 »4
109 110 109 110 107 110
107
19
194 19% 19% 18% 19
184 19
51
51
6O34 51
51
61
514
513i
2714
26% 27
•264 263i
26% 26% 26
170*4 17041744 172
I7112 169 4170 4 170
51
26
170
»2o\
32
o5
Wednesday
Oct 5
82 la
110
109
JoO's
•28
•60
82 78
100
I5I4
718
82
82
•109 1.10
19 Hi 19 H
Tuesday
Oct. 4
STOCKS
NEW YORK
l94Alarll
Jan 6
Apr 22
5734
30
Jan
90
Oct
Aug 194 Feb
29% Feb
33*4 Oct
42% Jan
69*4 Jan 2
74 Feb
50 4 Jan _
6478 Feb
664 Jan 27 394 J'ly 724 Jan
80 Aug 18 78 Ang 91 Jan
54 Feb
31 Sep 74*4 Feb
136 Mar2: 160 Oct 209 Jan
7973 Jan
73 Dec 85 Jan
15*4 Sep 12
10 Aug 27 4 Jan
84*4 Sep 1
63 Sep 1064 Beb
91 Aug30 77 Oct 994 Mai
7
10 Nov
23 Aug
62 4 Apr
44 J'ly
;
'i
14334 Oct
6 125%J'ly 151
264 Oct
47% Sep
27
Sep
y
35
16
6
Sep 12
484 Sep 15
26
19% Apr 1
Apr 12
52
34
47 4 J an
Feb
364 Jan
614 Jan
40 Mar
855 Apr
62 4 Oct
164 Oct
29 Oct
10 Oct
7934 Sep 10
48
Jan
Jan
77% Jan
48
J'ly
304 Oct
25 4 Oct
8234
J'ly
23 4 Nov 63 Jan
89 Nov 118 Feb
827134 l<'eb24 275
Dec 3344Jau
59 Aug29 49 Dec 83 Jan
12s 4 Oct 4 95 Sep 1304 Jan
157%Si'p 10 1264 Sep 155 4 -Ian
96 4 Aug 11 704 J'ly 12878 Jan
125*4 AuglO 99 7g Sep 142 7g Jan
17 4 Jan 4 17 Dec 38 Jan
5 1 4 1)LC
59 4 8l'P
Jan
84 Nov 29 .Mar
15 Sep 1'
138 Fob26 102 -Maj 135 Jan
67*4 Jan 18
41 Oct 110 Jan
96 4 Sep 10 83 Nov 118 Feb
42 Autr 794 Feb
81 Oct 7
134% ^ep 28 1094J'm 1 32 4 Feb
25 '8 Oct 5 l.)4 0ct
,i0 4 Jan
52 Oct 7 33 Oct 634 Feb
101 4 Oct 4 85*4 Aug 1157g Feb
1. '.04 Oct
4
85 Oct 1334 Deo
34 4.Mai 47% May
4 14 Sep 15
217gJan 8 17 Nov 28 4. rue
130 4 Oct."' 112%J'ly 156 Jau
32 4 Sep !,'> 19 4 Sep 45 Jan
113 Oct 1 loo Oct 118 Jan
50 Sop 87 Jan
09 Jau2i
196 Jau 23 tlS74Mtty 225 4 .fan
37 Sep 28 19 Sep 354 B'eb
734 Oct 4 53*4 Not 764 Feb
92 Oct 5 85 Aug 934 Feb
95 Sep 27 190 Aug 190 .Vug
39*4 Sep
68 Oct
72 Jau
101 Sep 28 80 J'ly 100 Feb
76 4 Oct 5 504 Aug 76 Jan
.34 4 Oct 5 110 '4 Nov 57%J.an
25 Sep l!i 16 J'ly 39 Jan
81% Jan 23 74 J'ly 91 4 May
69*4 Sop 20 874
Dec '76 Sep
73 AugJo 55 Sep 94 Jan
.05
Oct 15 Jau
i<i'V\o
72% Oct 7 37 4 Nov (i'.tU -Jan
86*4 Sep 30
73 Sep 8;i7,. Keb
79 Oct 7 55*4 Nov 8 1 Jau
304 Hep 10 19 4 Aug .>;!%. ran
744 Sep 12 5534 Sep A<i Jau
38 4 Feb 9 30 AngI 72 Jau
J95
Sep 21
4May24
(
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bniik!)
Bid
Atk
American
... 610
Kich.. 236
776
Boweryli
325
nier
slor
Banka
Bid Ask
Bid
Bankn
14thStreet11. 300
278 282
200
Fourth
227 4
(;olonlal1i ... 450
G.-illatIn
t400
Columbia ^ .. 350 UM)
Gansovoortii 140
Commerce... 1220 230
(*ar)lel(t
500
CoUHolidated l.->o
Ocrmau Amii 155
165
C'niKxchge' t3!.54
German KxTi 375
DiHConntlf ... 165
Gcrmauiat .. 500
Fast River.. 160
Greenwich
165
Kidolltyll .... 180
200
Harniltonll .. 170
Fifth A veil.. 3500 1000 Hanover
t540
Fifth
inp tfc Trad. 580
300
A»k
Coal
630
245
825
Butch'H<fe Dr 150
160
Ceiiluryll
180
Oha.so
050
Ohallukin
t3;f0 4
ChclHfaKxoT 175
JDhomical
4100
OltizeiiH' V.iT 160
iho"'
&
Iron. 190
1i
1
First
610
Irving
2'iO
BankM
Bid
Atk
Bnnks
Bid
Bid
BnnkN
Ask
Ash
Plienlx
125
135
232 4 Liberty
i'lazall
525
170
250
660
ISO
280
l«5
Scahoanl
Second
Mntu.alU
290
600 fiio" Na«8ftu1|
190 201)
Lincoln
1000 1100 New Anister 405 415
Maiden Lane 105
New York Co 1600
Manhattanll. 310 320
N Y Nat Ex. 210 225
Market A Ful 250 260
New York... 285 .'ua
Jedersonll... 140
Clt>-
HBW rOBK
.VJeclianics'
Mech
J60
«fc
.
Trail
Mercantile ..
.Moroh Kxch.
Mercliantfl'..
iw"
Metropll
MtMorrlHli..
f257
130
245
160
175
375
225
r^.-ift
140
2.-.5
170
185
425
235
• Bid and asked pncea; uu sales wore mailo ou itiis d.ty. i 1j«ss ili.tn 100 tuiiros. \ Ax. rigiu. 11 Slate
A A.iaeMmeat paid
t Sale at Uto«k BzctuinKe or at auoUon Uua week. t rrust (Jo. oerUUoate*.
19lh Wardll. 15(»
North .\nuT. 195
Northi'rn
115
Oriental 1|.... 220
I'ark
a
l£x
A
.
..
liOO
600
Leth.
13,-.
145
Slate*
:Mtli Street..
196
Union
.;.io
U)00
185
12tJi Wardll. 120
23d Wardll.. 1 ;>
j'oV.
l.-O
IS?!*
'J
1
People' sll
t>.%nic«.
Rivcrsldeli
.>Jli((e
265 J 65
600
285 300"
Paciflcl,
Prod Exchll
b^xchl
United
91
' .
.••«
90
1
dividend aud righu.
b
New stock.
1
.
—Concluded—Page
Stock Record
144G
BTOCSS—HIOHUHT AND LOWKST
JfonUay
OeL 3
6'a(urdav
1
Oct.
46>4
4&'«
474 60
47
47
•71
•71
21
47
47 \
^
i^
59 >4
173
22
47
'•i
48 Hj
•JMKh
57 >4
IKi
6734
5t;'B
57-v
574
70
58
MiiH
'4
lliM
I'.i
IX'^^j
116
i)S
•94
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7
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18
76
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76
76
41%
41>2
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34
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12
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103
136
95 12
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3334
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1538
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2
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33
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76
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35
106
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165
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246
9034
166
195
CColorado Fuelife
Do pref
Iron...
J
1538
1538
15
71
•704 71
284
79
•9
281,
28
170
284
Com
I>roducts
pref
Do
Distillers Securit's Corp.
X64Jaii 6
4 J an 6
12,54;-;
1,060
1,720
3,650
17,550
4,400
75
24J'nel6
16
46
8834
110
"37*6
85
43,450 1224
110 123
500 121
lOU 1304
1,500 10
100 69
5,370 61
350 185
J'ne 3
Feb 25
Jan 6
Jan 21
Jan 6
Mar
7
Jan 4
Feb 16
Feb 11
Jan 4
Jan 25
Feb 20
Marl6
5 J'lyl8
47 7g Feb 19
25 4Marl2
63 Apr 5
1,800
8 J'ne28
31,692 185 Feb 8
3.310 1014Jan 4
7,585
934 May 9
1,635 65 Mar 9
4,593 194J'ne 9
3,934 cl51 J'ne20
2,500 104 May26
1,205 644 Feb 9
2,810 26 Mar 1
335 28 Sep 2
620 714*'eb 9
8,385
9 11 •9 11 Manhattan Beach
12
11
11
6 4Mar21
4834 4334
1,290 36 Jan 4
484 49
48
484 483b 4838 8474 48 National Biscuit
11041104 11041104 1110 110
109 ill {110=8 110=8
5J0 1004 Jan 16
Do pref
213^ 22 4 National Lead
2434 264
254 26
38,016 144 Feb 26
244 2534 224 24
94
96
94
02
964 97^8 9738 9738 •964 98
2,290 80 4 Jan 26
Do pref
135413534 135 1354 13534 13534 133 135 4 132 135 New York Air Brake
600 120 Feb 25
•92
95
954 • 90
95 4 North American Co., new
610 80 Marl2
954 954 954 96
95
3338 Pacific Mail
33^8 3438
34
3434
34
334 344 33
6,660 24 Feb 27
34»i
1024103*8 103
103
34
10334
10134 103
3238 34
7934 7934
10334
34
344 344 354
344
80
«80
80
804 78=8 79
J220 220 «220 225 {2204 2204 220 225
23'8
22^8 23'*
23
234 23 4 23 4 234
80
80
794 794 80
804 •794 81
9
•55
pref
Anaconda Copper
Orooklyn Union Gas
f>runsw. Dock&C.Imp'l
Batterick Co
1714 General Electric
164 17 International Paper
•75
76
76
744 75
Do pref
53
55 International Power
62
52
62 4
34
334 334 53278 32 7t Internat'l Steam Pomp..
794 7834 783, •784 794
Do pref
76
46
34
35
71,
36'-
15
71
1538
17241744 172 173
•164 174 •164 174
3338 34
78'2 79
47
22
84
•40
•88
364
Do
993.
51
35=8
Befinin;:
pref
Amer. Teleph. & Telesr...
American Tobaooo, pref.
American Woolen
<fc
71
28'8 28=6
434
• 49
•55
71
7578
42
Do
225
•64
74
pref
American Sugar
124 124 124 12=( CoL ifc Hock. Coal Iron.
2124 2104 2113, 2094 211 Consolidated Gas (N. Y.).
124
123 4 1234 12334 l-.i334 Continental Tobacco, prel
123
164
9334
220
60
Do
963.
12 7e
12=8
71
29
173
1327,
9978
3534
•55
124
1314
5
ti4Mar24
244Mar24
7 J'ne
"*50 224J'ne 2
1
American Locomotive..
American SnuS
*132
22"
49
50
140
134
•1394 140
*140 150
15
1434
15
•81
SS
83
•81
354 364
13
261.
136
•95
1314
135
*1394 140
140 150
7
•49
37
753.
•32
'78
•9
131
104
504
2134
11
5238
21'b
^844 844
41
42
•884 89 4
•14
4834
2
495g
33
33
}664 68
12
124
594 60
}U8
120
10
87 4 87 'g
61»8 63
23 4 24
934
103,
.
214
42
«90
20
«83
41
2168
84
424
90
12
60
62
121 121
9»4 10
87 4 87»4
62
«23g
23 4 244
79
794
84
•14
2
10-%
514
Vi04
•83 4
41
222 Pullman Company
23
ail way Steel Spring...
80 4 t>
tDo pref
11=8 Republic Iron <& Steel ...
62
Do pref
21
Rubber Goods Mfg
84
Do pref
414
894 89
•14
484 49
•314 34
H,
Do
6178
118
118
13
61
115
94
978
13
61
122
938
U.
S.
13,725 9234
18,405 244
2,902 67
81 209
1,460 16
Pipe
<&
Foun.
pref
37
1434
7434
670
34
31=8
25
600
24 7gJan
Aug 88
Auf
38=1,
Sep
Augl9
4 Oct
4 6ct
09 4 Oct
85 J'u<i'6
4
May lb
{236 Sep i' 5204 Jan
6238 Oct 7 3314 Oct
24 4 Sep 12 17 4 Not
82 4 Oct 7 60 4 Not
3434 Aug 8 25 4 Aug
93 4 Sep 20 82 J'ly
264J'lyl8 24 Not
i2t5 Aug25 171 AuK
84 Feb 16
6 J'ly
6 4 Jan 27
24 Oct
214 J'lyl5 10 Oct
94 Jan 2
4 Oct
364Jau 4 16 4 Oct
15 Aug29
5
J'ly
354 Aug26 23 4 Not
28 4 Sep 14 104 Oct
97=8 Sep 13 67 4 Oct
47gOct 6
2 4 Mar
22 Jan 14 14 4 Sep
68 !5ep 10 3634 Oct
110 Sep 29 804 Oct
135 Aug20 90 Aug
98 4 Sep 8 80 Sep
13438 AuglO 107 4 Oct
136 Aug29 116 Aug
140''8 Sep 26 117 4 Oct
147 Sep 10 130 Sep
15 4 Oct 4
7 4 Oct
83 Sep 26 65 Oct
9979 Oct 6 58 Oct
227 May 11 170 Sep
74 Sep 17
5 Oct
49 -e Mar 7 40 Aug
44 Sep 10 24 Not
65 Jau27 65 Dec
1634 Jan 26
9 4 Not
21334001 4 164 Aug
1254 Sep 23 9434 Aug
2238 Jan 25 16 4 Not
744 Jan 23 60 Not
3034 Sep 27
20 J'ly
1794 Jan 23 136 Sep
18 Sep 16
9 J'ly
764 Sep 16 67 4 Not
55 Oct 7 23 Not
40 Apr 7 28 Dec
79 4 Oct 5 70 Oct
14'.iJ'ly23
Marl4
M«yl8
Marl6
Maylb 11=8 Oct 7
May 13 53 4 Oct 4
AprlS 224 Jan •27
Jan 15 84 Sep 28
7
5
42 4 Oct 4
90 Sep 20
Mar 4 2 4 Sep
May 16 49=8 Oct
MaylO 33 4 Oct
19
3
4
838 Sep 30
37eAugl9
125 45 Feb 24 71 4 Sep 29
64Mayl6
8,480
40
480 100
Mar24
Feb 24
6 4May27
14,625
2.790
6.876
16,580
6 4 Sep
4934 J'ly20 32
Oct
110 -u Oct 4 94 Oct
26 4 Oct 3 10 4 Not
9778 Oct 3 75 Oct
13934 Jan 22 106 Oct
964 Sep 23 68 Sep
35 Sep 10 17 Aug
10438 Sep 10 87»4 Sep
35 4 Oct 4 22 4 Not
81 4 Sep 15 62 4 Not
222 J'ly 15 196 J'ly
2434 Sep 15
16 Sep
81 Sep 15 67 Not
13
4 Oct
6
62 Oct 4
123 Aug2b
104 Sep 22
5^ Nov
363« Nov
12 J'ly
60 J'ly
180
195
186
4
87 4
8738
87
6138
195
62 4
6O34
185
195
'364 Jau
96 Ft-b
96 4 Mat
43=» Feb
1287^ Jan
373), Jau
317gJau
48 Jan
1224 Jan
'iVM^, Dec
11)4 =8 Jan
8738
•18.>
Do
196
180
Istpref
Augl7 94
Feb
75i4Mai
4134 Jan
93 Jan
464 Feb
98 Feb
41 4 Jan
235 Feb
2938 Jan
11 4 Jan
37*8 Jan
1134 Jau
424 Jan
1934 Jan
48 4 Jan
Sl'-g Feb
235
9534 Fe)j
4 Feb
24 4 Jan
5278
99 4
126
9838
13438
123
169
Feb
Feb
Mar
Jan
Jan
Dec
Feb
Jau
14=8 Feb
80 Jan
1254 Feb
225 Jan
154Jaii
65 Jau
146
82 4 J an
122 Jan
22 4 Feb
222 Jan
119 Jan
35 Mac
85 4 Jan
3434
Jan
204 Feb
197gJan
744 Feb
Jan
73
464 Mb;
89 4 Jan
13 May
47=8
Feb
106 78 .May
29 4 Feb
95 Feb
177 Jan
1244Jan
4234 Jan
108-4 teb
6534 Jan
Feb
95
23534 Jan
37 Feb
Feb
90
22=8 Feb
8038 Feb
30 Feb
84 4 Feb
Jau
Jau
Feb
Not
Feb
Aug 1504 Feb
Sep 15 •« Feb
44J'ly
15
79=4
5734 Dec
6 Sep
33
95
6
1
195
06 Jau
68 4 Mai
224 Oct 72 Feb
67 Not 97 4 Feb
34 Sep
6 4 Feb
25 -8 Not 6838 Mar
22 Aug 4034 Jan
<fc
180
J'ly
Aug 30 Jnu
12
24
15
55
75=BJan 4 88 4 Sep 29 71 4 Oct
Do pref
43 J'iyl3 63^ Oct 1
614 U S Realty & Impiove'ul
23-J6
23
104 Feb 6 214 Oct 4
234 244 United States Rubber
7 J'ly
783, 79-'g
4.;i:U)
41 Jan 4 80 Oct 7 304 J'ly
794 80
794 794
Do pref
SSgMaylo 19^ Oct 4 10 Not
184 193^ 184 I834 1734 184 17«8 184 Unit«d States St«el
225.315
184 194
73 '8 7634
75
7618
75 'g
658.070 614Mayl3 7678<>ct 4 4934 Not
74
744 7534 744 7638
Do pref
3434 35
34
}354 354
34 4 35
34
344 34 4 Virginia-Carolina Chem.. 2,o70 2234 J'ne29 37 4 Sep 16 17 4 Sep
6,45.i 97'>8Aprl6 09 4 Sep 14
106 4 10734 1063«1074 106 41074 1064 107 4 1064107
80 Aug
Do pref
235 245 J237 4 240 •237 215
}240 240
237 246
89 }200 J'uelO !.H) Aug23 {191 J'ly
Co
Wells, Far (JO
9034 9
9134 92
913* 9178
914 92
4,423 85 May 19 92 %, Sep
80 4 Sep
914 92
est'n Union Tele'gph
1644165
164 I6434 165 1664 164 1644 164 166
West'gh'seEI&Mfgassen
6,660 153 May 2 734 Jan 21 130 Oct
87 4 87'4
62
62
23
2334
79
793j
Feb
Feb
78
Dfi
6
6
4
12
9
4<><^t
20(1
5,5
United States Express...
United States Leather
Marl2
Mayl6
31 4 J an
77 Jan
21,070
pref
1.
7134
6
1,220
40.520
2?,055
3,930
163
3,150
pref
Cast
Do
94
& Iron
Standard Rope & Twine..
Tenn. Coal, Iron <fe RR...
Texas Pacific Land Trust
nion Bag db Paper
62
134 13 4
614 614
123
9»4
Sloss-ShelUeld St.
yDo
8
61»8
120
414
894
48 4 494
'31
33
49 4
33
"124 "is"
12
1034
51»8
2034
•83
41
89 4
21
83
48
33
8
225
23
104
514
204
414
894 894
• 1 4
2
14 2
484 494
334 334
10178 10 J 4
eop. Gas-L.ife C. (Clue.)
324 3478 Pressed Steel Car
793i 81
Do pref
{222
•22
•794 804 •80
104 1034
614 524
114
52 4 534
'83
220
23
68
39
154 Jan
Jan
58
1
114Jan
2i)u
2,102
18,145
436
132
11.'-.
lUO 22 Aagl7
466 130 J'ne 2
loo
5 Aug 3
500
2=B-^<^& 6
.
pret
7^8 American Ice
33
Do pref
96
i
154
83
97
225
•64
7
31
173
17 Hi 1778
1734
135
140
146
13
2iM
De
2534
13534 13534
96>, -10634 1074
140
136
80(1
3.)
7
8834 J'ne 6
954 96
Do pref
•44 438 American Malting
204 204 •204 21
Do pref
65 'a 67
6534 664 Amer. Smelt'g & Refin'g
106 1064 106 107
Do pref
664 6738
106 4108
94
204 J'ne
43,650
pref
*114 144 American Linseed
•30
35
Do pref
264
438
Feb 2.)
32
Oct 6
5'J
91'
Htqhett
Oct
Oct
0<l
Aug30 148 4 Pep 170
4 Oct
SL-p 12 1167, Oct
21,5711 113
8i»,>-58
184 K«b24 3478 Sep
4,600 774 Jun 6 96 Sep
American DisLTelegraph
American Express
64 American Grass Twine
5
Amer Hide & Leather...
204
778
14 4
«96
96
49
7
.Uisceil
«St
334
3a
2o-'4
•4 4
434
21
21
108
140
96
173417334
17-8
26=8
210421334 212
71
•12
•30
144
35
2534
9534
4
•44
7 '6
3376
734
Do
92
27
215
•19
1934
334
34
•12
•30
14H
35
64
6236
•88
•24
'208
"5
6
•19
1
4 .MarU
Kipress
J220 Feb 2
malgamaied Copper... 299,96
43 4 Feb 8
234 American Car <fc Foundry 8,1 150 1434 J 'ly 1
824
Do pref
2,5^0 67 Jan 6
f.
2834 2J3^ American Cotton Oil
4,46U 244 J'nel4
Adams
250
61
23
82
2534
215
•54
•44
5'8
6
1934
7=8
•44
1934
7»8
32»8
34
2534
•210
A
2234
J
41
275,245
<fe
Industrial
'230
613<
23
814 82
29
29
•884 92
81
29
92
26
216
250
6038
22 'g
23
22 »8
81
29
•88
•23
"
230
61
593b
64
4334
94 J'ue
253f J'ne
7,531/
21.021)
Sep 10
61
)',
Jan 9 173
Y»aT<JiHJ3)
Uncttt
1
394 Jan
150
10i>
O. Block tr. ctts
1V,ia«
Pacilic.
hird
hird Avenue (N. Y.)
Toledo iiallwaT8<fe Liglil
Tol. St. L.
W. V. ir. ctlH
Do pref. vot, tr. clf».
.
HigK*Mt
1.-.
20
44 4
19 7^
20',
444 45
230 250
20
124
204
417^
1734
'4
174 17^ •174
*454 46 4 •44
46
26 4
264 26'. •25
26-'b
12334 124
1538 IS'e
71
713g
•2834 2914
I713
•32
•78
12»8
57
l'J\
40
20 »t
132
139413934 *139
144 146
146
143, 16 4
15
•80 4 82
•80 4
*92
95
95
22242224 •220
494
67
42'v
1314132 4 13141324
132
94
4
417,
•55
•12
1212
210!%213i12334 124 H.
14
20
273i,
131"^ 1313< 131 >4 13258
133>2 133 ^i '132 136
13941394
*i3y»4 140
•143 146
•144 "4 146
14 4 1434
•1318 I4I2
*80'4 83
83
83
•92
94
•220
•30
32
61
•93
94
564 60 4
264 27
^9534 974
964 97
4»8
434
434
4\
2034 214
2138 2134
664 674 6634 674
108
10734 108
•133
•yo
31
•30
iOl
2,6'io
yttt-
204 Aug
Marl 4 29 (Jet 3 100 Oct
174 Jue21 2334 Sep 29 174 Oct
•29
31
Sep 19 15 Hep
3,7 7 U 214 M»yj7 ^33
&
l<eU 24 53
494 00
Sep 19 24 Sep
9,405 32
9934 10178 Twuj City Rapid Transit.
6,375 87 4 Feb 23 l"24 0ct 3 79 Oct
Do pref
158 Augll iil59'-.iJ'lyl^ 155 J•Ii^
1024 103=6 Union Pacltto
458,365 71 Marl4 11434 Oct 4 6534 Anp
{:I4
94
693 *86 4 Feb 25 9534 Aug30 83 4 Aug 95 4 Feb
Do pref
•124 144 UnitKyHlDT'tof SanKran
9
Dec 22 "s Jan
9 Feb 17 15 4 Aag29
57
574
Do pref
1,800 42 4 Apr 19 577ghep 12 35 Jly 64 4 Jan
1^34 19
15.U35 16 May 1
22 Sep 12 16=8 Oct 3234 Feb
Wabash
40-8 41'i^
Do pref
27,110 32'4 Feb 24 434 Sep
27 4 Sep 554 Feb
•17 4 18 WlieeimgA Lake Kne...
1,580 144 J 'It 25 20 4 Oct 3
12 Jly 27 4 Feb
•44
91(1 37
46
J'ly27 5234 Jan 22 404 Not 62 Ma;
Do Istpref
•244 26
845 214 J'ne29 2934 Jan 27 20 Sep 384 Feb
Do 2d pref
1934 1934 Wisconsin Cent. v. tr. cfs
4,800 16 J'ne 6 217g jaD2o 1 4 4 Oct
29 4 Feb
434 444
Do pref. vot. tr. ctfs.
3,640 37 J'ne 6 47 7g Jan 27 33 Nov 65 4 Feb
•214 24
2234
1034 1043b 102410334
23 4 24
"54
2234
317g 32 4
12/
129
514 5034 514 •4934
1024 10141014 101 1014
124
7"
M
32 4 3278
12>129
1,387
I
Year IViH
Mario 17 (Aoglb
Mayl
53 jOct 7
Jan 8 27 4 Aug 15
Mar
76
Auglb
36
16
3.65.'
pref
AS P"r., l8l pref....
Do 2<1 prel
C.A E. [.com Ktock tr ctfH
2il
lor
oflUO-$tuire loU
liotoett
9
iMl pref
l>o
St. L.
214 21'. .St. IjOUim SoutliwcHteru
474 48 4
Do pref
584 6878 SoDtberD Pacific Co
11541164 1164 1157^
Do pref. 1st iUHt,il. p<l
32 4 323, Sonlhtrn v.lr. cf«. ntiupe<l
32 4 33
91
044 934 94 4
Do pref.
do
23 4
32
•93
Do
214
218b
33S.
9434
•20
•31
St. Joseph ifeUr'd lalind
58 4 58 4
172 172
173
Werlc
fiKarf$
48 4 49
58 4 694
'.14
334
12S41284
'230 250
5939 60
20
166
[Vol.
Hange
On bariM
STOCK
SXCUANGK
63
26 4
•71
74
684 59
32 4
204 20 >4
44 's 45 14
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27
2i'ii
327,
8I34 823(,
80 Hi 80 Hj
29^8 30
294 30
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92
92
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26
26
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212
212 212
'5>2
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60
26
61
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2234
4
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61
58 4 68 '4
116 116
102 »8 10434
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56 4 66'<
204 21
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18
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214
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25*4
24'4
•71
4
NEW YOKK
4
2
STOCK.S
Tkuriday
(Vednetday
Oct. 6
I'ueaitay
Oct.
tiALA fHJCHS
6
1
.
Jan 19 160
9634
May
194 Feb
58 Feb
39 7g Feb
8934
66=8
Jan
Feb
128 4 Feb
249 4 Feb
93 Jau
221 Jan
24
Jan
Bid
Sep
Atk
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bank
JVasli-H'htBlI
West Sidell..
xorkvilleTJ ..
Bid
200
500
400
Ask
£id
Bonks
Mechaiiicsll
280
Mercliauts'.. 130
Nassau
400
300
Nat City
North Sldolj. 225
BBOOELTK
A*k
Trust C«'s
BUOOKLTN
N. T.
Manufactrs'. 13454
Bankers' Tr.
310
Bowl'gGreen 2024 210
BroadwayTr. 161 156
C'lK'lyB&Tr 525 550
Central Tr'st 1950 2000
CitylYust... 278 285
(Jolouial
320 330
290
17th Wardli. 150
150
Spraguo
136" Sluyvesantl t'2O0 200
185
Unionll
150
170
Wallaboutl
100
155
l.<»5
Mid
Atk
FannLo ATr 1300 1350
550
Fifth Ave Tr 526
300
Peoi>lo'8l|
Boronghll
cmr
.'»26
Commonw'th
Guaranty Tr 600
Guardian Tr 155
Knick 'rb'k'r 900
Liucolu Tr... 345
Manhattan .. 475
650
Mercantile .. 990
Merchants'.. 190
.Metropolitan 600
MortouTrufli 870
.Vlut.Allianct 200
1010
166
TtmbI Co'a
Bid
Ask
N Y Life&Tr
N VSeCit Tr
1000
640
248
325
330
470
1350
415
1425
200
1030
North Amer.
Ke.al Est IV
StandardTr't
Tr Co
L
,")00
of
Am.
nion Trust
US Mfg&Tr
Unit Stales
Van N'denTi
.
Trust Co'8
BBOOKLTM
262
76
1400
126
1460
205
4
Brooklyn Tr
Flalbnsh
Franklin
Hamilton
Kings Co
L Isl L<&Tr.
390
200
325
300
400
275
360
3-20
300
260
315
230
.30
Niissau
65
Washiugton .190
300
610
People's
Windsor
Williamsb'g. 220
890
177 4 183
210 230"
rirBl
220
665
I Equitable Tr 650
* Bid aud asked prices DO sales uu tins day.
{ Less than 100 sliaren.
t Kx rights,
c Kx dividend .lud rights.
1 Sale at Stock Exchau ge or at auction ttuJi we«k.
o Ex slock dividend
Trast Co. oertiiicatea. 'i Baai^s marked with a paragraph (1) are State banks
broa<lway1|..
brooklynli ..
Dou'yI&BB',
300
120
140
380
Eiisleru Tr..
V
Empire
.
;;
5
1
.
.
1447
New York
Exchange— Bond
Stock
Record, Friday,
Weekly and Yearly
OCCUPYING FOUR PAGES
BONUS
Price
U
Since
Ask Low
Bid
V. S. (ioverniiient
S 2s consolregaslerod.dl93<J
dl930
S 2s consol coupon
S 2s cousol res small. .dl930
coup8mall.(il930
S 28 consol
/cl91»
S 3s registered
V
U
U
kl^lS
V S38 coupon
V S 38 reg small bonds.. 918
U S 3s con sraaU bomls..fel918
?a907
V S 4s registered
;tl907
V S4s coupon
1925
V S 4s registered
fcl
Migfl A'o
Q-J
tJ-J
104'4l05i4 105 '4 A iK'04
10434 105 ^ 106^ Mai 04
1
105 107^4
1051410614
y-F
Q-F
O-F
Q-F
Q-J
Q-J
Aug'04
104%
1063^
105
j'no'02
105
108
V04'al05
1U5 Sale
105
105
107
105
105% Sep
...
110
104% 107
'04
10638 106'8 10(;%J'ly'04
106^8 106'^ 106% 10iV%
131«8l32'4 131% Sep '04
I31'i8l32i4 l31»-jAug'04
10ii^4
11
1
"
'8
108 '4
106% 108
131% 132%
131H;134
110'4Sep'04
...
IIOI4 11134
95 Hi Feb '02
ne do liar.
These are price s on t/u t>a sis 01 /our marks to
91 "2 Sale
9 1 "2
95 Hi ti33 giHi 95»2
ctf s full paid Oct
Kepub of Cuba 68 ctfs full paid Sep 10234 Sale 102>2 102^4 218 98Hl 10234
*97'2l00'2
U b ot Mexico s I s 5s ol 1899 y-J t OS's 99 t97'2J'ly'04
tl liese are pr tees o n the b
0/ $5 to £.
State Securities
102i4Sep'04
102 10234
190U J-J 102 >8.
Alabama class A 4 to 5
109 >4 Oct '00
1900 J-J 102 ifi
Class B58
102'2Mar'0'.
1906 J-J 103 .
Class C 4s
Ill Mar'O'.
1920 J-J
Currency funding 4s
3-658
1024 F-A I18iall9ii 121 Mar'03
Diet of Columbia
102>4 J'ly'04
102 14 105
Louisiana new consol 48. .1914 J-J 100%...
t
Japanese Govt 68
Small
Nortli Carolina consol 48.1910 J-J
1919 A-O
68
102 >4
10y'2FeU'9y
102i4Sep'O4
,
1933 J-J
ho Carolina 4 '28 20-40
Tenn new settlement 3s. .1913 J-J
J-J
Virginia fund debt 2-3s...l991 J-J
68 deterred Brown Bros ctfs.
Small
96
97
94^2.
96
6^4
iofio-J'C
136 '2 J 'ly '01
120 Mar'OC
96
96
95 ATig'04
96 '4 Sep '04
7^2
6^4
Sep
9514
97
95
95
91»2
'04
6^2
96I4
7
Kailrond
Alabama Cent nee So Ry
laba Midi 6ee
At Coast Line
Albany & Susq nee Uel & Hud
AUeglieuy Valley i'eePenuKK
AUeg & West See Bull K P
/il995
Ann Arbor 1st g 4s
Atcli T & S Fe gou g 43. ..1995
cfc
Q-J
Nov
Nov
/t 1 995 M-N
Stamped
Debeuiures 48 Series D. 1906 F-A
1910 F-A
Series H
Adjustment g 4s
Registered
/il995
/tl995
K
1913
East Okla Div 1st g 4s.. 1928
CUic & St Louis 1st 68. .1915
AtlKnox& Nor 1st g 5s.. 1940
Atlantic Coast 1st g 48./il952
Oliarles & Sav 1st g Ts. 1936
Say b'&W 1st gold Ob.. 1934
Istgold 58
1934
Ala Midlst gu gold 5s 1928
Ist gu g 48 1938
Bruns &
SU Sp oca <fc G gu g 43 1918
Atlantic & Danv iiee South Ry
Series
.
W
Atlantic
<fc
M
S
W
Registered
Sale
96
96
95 H 9712
97 J-J Sale
11212
137
126
Ill
A-O
A-O
M-N
98% Sale
y7k
'.1634
112 Sep '04
112
98)2
9S->< 149
91
9734
J-J
/il925 Q-J
/il948 A-O
/tl948 Q-J
1911 M-S
M Div Isl g 3'ijsl925
ilN
M-N
W
96
9514
9434
93
102
Sale
101
ib'iU 102
91'2
9»
99%
91=4 Sale
9914
112
100%
112% 112%
Aug'04
109
93
J'ly'()4
9734
9734
114
93
98
96
Sep '04
48
92%
92 14
9612
9614
10134
102^4 109 100 14
J'ly'04
100
98 J'ne'04
97
91%
91%
87^2
10334
103
103
98
92
99
99 "^
92 12
91%
91%
99%
8714
9214
901^4 J'ly'O::!
106^4
108 14
118
100
.
10512 Mar'04
.
108
.
II912 .Mar'04
100
100
.
Co certfs
Bat Creek & s See Mich Cent
Beecli Creek /See N Y C & H
Sep
Sep
Sep
106 >2 105 "2
'04
108 10912
119>2l22
yS 100
100 100
'04
'04
Car
6ee lUiuoisCeut
Bklyn & Montauk See Long I
Briius & West See Atl Coast L
Buitalo N Y <fc Erie see Erie
Buttalo R <fc P gen g 5s.. .1937 M-S
West let g 48 gu.. 1998 A-O
CI <fc Mall 1st gu g 5s
194:; JJ
lioch <fe Pitts Ist K 6s. ..1921
Cousol l8t g 68
1922
Bullalo <b Southwest See EraBull & Susq 1st ref g 48.(n951 J-J
AU&
FA
JO
II712 Aug'04
11315117%
100
110
103 Apr'y7
120 14 126 "2 12112 Mar'04
l23i4l-^37( 1^3% Aug'04
121412112
121% 124
113
Bur Cedar R & No 1st 58.1906 J-D 103
Con 1st & col trust g 58.. 1934 A-O 117
Registereil
1934 A-O
CR IFiftN Wlstgu 03.1921 AG 110
M & St L 1st gu g 78 1927 J-D
lanada South Istos
1908 J-J
1913 M-S
Registered
1913
Carb &. Shawn See ill Cent
Carolina Cent See Scab Air L
Carthage & Ad i(e< N Y C & H
/
9712
9634
9214
97'2
114
93
96
M&
<&
97
98
82 "2
95
100
dlh
9634
125%Nov'03
112%Jan'04
114if>
J-J
J-J
FA
Seller
9634
10334
87^4
82^2
87 Si
98
Aug'04
97'2Scp'04
97%...
91% 96
98% 104
99
99
99^8
J-J
MS
AO
P
101%
10334 Sep '04
97
98
82 12 Jan '04
y5
95
iVl-b
L E & Va Sys ref 48194
Sontliw Div Ist g 3 "23... 1925 J-J
Registered
hld'Zb Q-J
Mouou Riv Ist gu g 58. .1919
OenOliioR l8t cg4'2S..1930
Pitts Clev & Tol 1st g 6s 1922
Pitts & West Ist g 4s.. .1917 J-J
J
95 14 53
102 224
Sale
101
See Sout!i Ry
see Sou Pacitic
Gold 4s
Registered
Conv deb 48
Jun &
97
J-D
M-S
Bait & Ohio prior IgS^^s.l 92
t>
1"
100
Yadk
&N
Auatin
FA
Uh
95 >< Sale
A-O 102
1995 A-O
Registered
v-'2d 58
MS
...
...
...
98',
104
107
99^4 Sop '04
1 03
Sep '04
12 '2 Sep '04
120>2 Mar'03
112^2 Sep '04
104
107
107
9718
IOII4
100%
103%
II5I2I22
11012 112''.
IO2I2IO6
104 14
107
104% 109
105
J'ljr'04
1071-.
CedRIaF&N Ae«BCR&N
Ceu Branch U Pl8tg48...1948 J-D
Ceu Branch Ry .See Mo Pac
Ceu RH & B ot Ga col g 58 1937 M-N
Cent ot Ga RR 1st g 58..^1945 F-A
Cousol gold 58
1945 M-N
Reg iBtered
Ist prel income g 58
2d prel income g &a
3d
|>re(
income g 68
MN
1945
pl945 Oct
pl945 Oct
pl945 Oct
90
95
Sep '04
90
1203<
112% Sale
53
•37
82^4
Salt
38
I'i^O'i
112
107
8234
52
37
96
ioe%
110>4 lll'-i 110^4 Sep '04
11034
116I11203,
'04
113
198 10334 113
105 12 107
J'ue'04
Sep
83
53
37
'41
6534
41
28
88 12
55
17
18
38 14
lUl.>SCEM.ANEOt!S
Street UailMay
Brooklyn Rap Tr gSs
1945 A-O
Ist refund conv g 4s
-.ii002 J-J
BkCity Ist con 58.1916, 1941 JJ
Bk U Co& S con gu g 58.1941 M-N
Bklyn Un El Ist g 4-58.1950
Kings Co El 1st g 48
1949
Nassau Elec gu g 48
1951
City & S Ry Bait Istg 5H.1922
Conn Ry<fc L lst<fc ref g4 48 '51
Don Con 'I'r Co Ist g 5»... 1933
Den 'I'ram Co con g 68.. 1910
-Met Ry Co Ist gu g6.t..l911
Del Cit StRylstcou g5».ly05
FA
FA
J-J
105
16 99% IO634
SZ 416 72% 82
109
3 107% 110
100 106
101 »4 Sep '04
107% 1074 10734 "c<i 100 108%
93
9J%Sale
139 82
91
93
8734 Sale
874
88 152 79% 89
HI
109
105
104%
Hale
Salt-
80a«
100
J-D
J-J
•98
A-O
98
95
Sep
'04
J'ne'OO
J-J
100
103
Nov'Ol
109
Mar'98
(ir
JO
'No pric«
Friday; latest
pnoe
this
M
<fc
FtD
Extension 4s
<fe
Dps
98
M
iM-N
Q-M
MS
Ist 68
104
102
104
FeO'li4
J'ne'9y
I0714 .4.ug'04|.
134% I3II4
I32I4
132 '4
114
...
1,;7
103
4133
111% 114
114
10334
104
07 14 107 14
128 134%
1
Sep '04
103
102
10334
100
103
108
10934
4
'4
108 J'ly'04
lll4J'ly'04
1194 119 4
U534 11734 118 J'ly'04
106 14 Sale 105% 105%
103 Apr '01
11212.
112 May'03
1 02 12
1024 102 4
98 4 Sep '04
10914
1064 Oct '02
9612,
95 4 Sep '04
'S3
84
834 150
834
1.9U
81 14 Sale
80 14
81
120
119
8334 Apr '02
10434 Apr'OU
102 J'ly'04
100 12
IOII4
94% Sale
94%
94%
90 4 Apr '04
107 4
129
119 4
120
117
107%
131
II9I2I22
116%
118
130%...
116%...
110%. ..
Sep
184 42
ioo"
105% 108%
Sep '04
112% 117
12641304
'04
'04
1114 1144
ll»9 4
1774
110%
114 Sep
109 4 J'ly'04
Sep '04
177
108
169
109
1-.
'04
109 Sep '04
1094J'ue'i)4
95
97% 97 4 Aug'04
116 116H 116 4 Apr '03
119%
116 Apr '04
112 113 11234 Sep '04
10714
11734
106
169
113
106
114S|
1061.
II212
112
1 1 63,
115% 119
109% 11234
11434 117
10934 11134
ly '99
May'04
Aug'04
M:u'04
Aug'04
Sep '04
116% 1184
-
Sep
Sep
1124 113
10934 112
i09"
1054....
104 4....
II0I4 112
I0914
11734
11634
10234 105
102% 102%
96 4 100%
4 Dec '03
110
107
105
104
]
116%
114
11034 11'-'
II4I4 117%
1-^7% 130 4
Nov' 98
111
107
106
110% 112%
'04
'04
103
117
]
106
169
106
169
128%130i2 1304 1304
104%J'ne'04
102%May'04
994.
100
100
112"
J'ne'04
111%11S
J'ly'04
1104
10
97% 98%
111%ai3 1114 1114
111 1114 1 1 1 Sep '04
1164
115% Sep '04
117%
1
109 1« 109 4
II6I4 Sep '04
nil., Aug'04
116%117%
129
129
1144120
I09I2IIO
10613
177
i'0634
108
112% 115
Dec '02
137 4-1
W?\
105
'04
I29I4
95%
91%
10534
10y34
'04
116%ai7i4
111%
102
91
100% 102%
120
110% Sep
IIOI4....
954 954
814 85%
744 81%
103 4 10634
Apr '04
1304 Sep
994103
94 14 984
105
112%
112%
112
177
Sep
108
1004 108
90i->
10534 Aug'04
1093, Apr'u4
10218 Sep '04
10534 10612 1 06 Sep '04
105 Dec '03
"98" I"
10034 Feb '04
IO714
1094111%
11434 1194
113 118
99
i83
106 ...
108 ...
100 12..-
108
106
104
104
Mar'04
J'ly'04
Mai-'04
1104
107
'4
1104
107
106
I04I4
4 1104
108-% 10834
1194
IO834 Jan'04
118 J'ly'04
...
114%J'ne-04
114%116
...-
1064...
1044...
106
1154 118
Nov'02
105 4May'04
105%Nov'03
10541054
11034 ...
1293ft...
10934 J'ne'04
11734 ...
1303^ ...
13034 ...
101
...
11734 Mar'04
109 4 1
4
126% 129%
11714118%
10434 ...
IIJ334 ...
129% Sep
'-'
142 4 Feb '02
Dec '03
103
109
125
Apr'04
Sep '03
103
J'ne'04
121% 125
120 1224
101
1054
1224 Aug'04
122%.
105
1
'04
13134
123 4.
10434 Sep '04
J an '03
101% Sep '04
97 J'ly'04
.
103
107
101
102
974
954
96
93
90
95
94
764 Sale
IOH4 101%
97
•7
9li
9;<
May'04
May'04
May'04
96
93
90
90
66 4 78
7034 76 4
89
73
1054
774 864
76 4 Sep '04
86%
88 243
105
3 104% 105
105
10434
103% Jan '04
76%
8634 sale
103^8 1037,
95i4 0ct '03
99%]Ol
964100
1905
1905
1923
95
98
9834
106
Sep '04
Jau'04
95
9334
104
10634 J'ly'04
95
98
4106%
on Next Pave.
Av& P Fl8tgug5»1993
Third Ave RR con gu 4s 2000
Lex
Third
Low
Hiqii Mo Low High
924May'04
92 4 92 4
108%
Street Knilway
Mot St By—CC<m>Her g 482002 A
Coli&9thAvlstgii g 58.1993 M S
M s
J J
58. .1937 J J
Ave Ry Istg
WS EI(Cliio)l8tg48.1938
F A
Mil El Ry & L 30-yT g 58.1926 F A
Minn St Ry Ist con g 08. .1919 J J
St Jo Ry Lt
1st g5«. 1937 M N
St Paul City Cab con g 58.1937 J J
Union Kl (Chic) Ist g 68..1945 A
.Met
y4 sk
92
95
104
lOo
lOs
134 %Sale
132 '4
114 Sale
103
103 '4 10434
101 '8 103
101
Hange
since
January/ 1
or
105 12
Ist 4s.. ..1905
I8t2l28
Keok
Q-J
J-J
J-J
HAP
United
JJ
J-J
HapKis Uy Ist g 58...al!Uil J-D
Louis Ry Co Ist con g5H..1930 J-J
Market St CRy Ist g 68.. 191;'. JJ
Mel St Ry gen col tr g 5«. 1997 K-A
Mway<fc7th Av IstccSs 194.<
90
Des
BONOS—Continued
|
105
of Qit—f Continued)
Chatt Div pnrmon g 4s. 1951
Mac<& Nor Div 1st g 58.1946
194
Mid Ga & Atl Div 58
1941;
Mobile Div l8tg58
Cent of N J gen'l gold 58. 1987
;a987
Registered
Am Dock& Imp gu 5s.. 1921
Le<fe Hud R gengugSs 1920
Leii <fc Wilks B Coal 58..191
^1910
Con ext guar 4123
N Y <fe Long Br gen g 4s 1941
Cent Pacific See So Pacific Co
Clia« & Sav See Atl Coast Line
Ches & Ohio g 6s ser A../il908
01911
Gold 6s
1939
Ist consol g 5s
1939
Registered
4 I2S
1992
General gold
1992
Registered
Craig VaUey 1st g 58.. ..1940
K<& A Div 1st con g48.. 1989
1989
2d consol g48
Warm Spr Val Ist g 5s.. 1941
Istgug Is '40
Greenbrier By
Chic & Alt RR ret g 3s. ..1949
Railway 1st lien 3128... 1950
1950
Registered
Chic B <fe Q— Ch <fe la D 5s 1905
1922
Denver Div 48
1949
lUinois Div3i28
1949
Registered
1949
Gold 48
Iowa Div sink fund 53. .1919
1919
Sinking fund 48
Nebraska Extension 48.1927
1927
Registered
1921
Southwestern Div 4s
See Great North
Joint bonds
1913
Debenture 6s
Han dfc St Jos consol 6s. .1911
Chic cfc E 111 Istsf cur68.1907
1934
1st consol g 6s
1937
General consol Ist 6s
1937
Registered
Chic <fe Ind C Ry 1st 53.1936
See Erie
Chicago <fc Erie
Chic In €& Louisv ref 6s. ..1947
1947
Refunding gold 5s
Louisv N A & Ch 1st 6s. 1910
Paul con 7s 1905
Chio Mil & St
1914
Terminal gold 5s
General g 4s series A..el989
el989
Registered
General g 3 128 series B.el989
1921
Chic & L Su Div g 6s
Chic & Mo Riv Div 5s.. .1926
1910
Cliic& Pac Div 68
1921
ChiCifc P Wist g 5s
1916
Dak& GtSog5s
1924
assu g 68
Far & Sou
1910
Hastafc DDivlst78
1910
l8l5s
1908
I & D Exten lst7s
1919
<fcD Ist 5s
Lacrosse
1910
Mineral Point Div 5s
1910
So Minn Div 1st 68
1909
Southwest Div 1st 6s
Wis& Minn Div g5s 1921
MU&NolstM L 6s.. ..1910
1913
1st consol 68
1915
Chic & Northw cons 7s
1886-1926
Extension 48
1886-1926
Registered
1987
General gold 3128
Registered
pl987
Sinking fund 6s.. .1879-19-29
1879-1929
Registered
Sinking fund 58... 1879-1929
Registered
1879-1929
1909
Debenture 68
1909
Registered
1921
Debenture 5s
Registered
1921
Sinking fund deb 58
1933
Registered
1933
Des Mo & Minn 1st 7s. .1907
MUw & Madison 1st 6s. .1905
North Illinois 1st 6s
1910
Ott C F <fe St Paul 1st 5s 1909
Winona & St Pet 2d 7s.. 1907
Mil L S <fc West 1st g 6s 1921
Kxt <fe Imp 8 fund g5s 1929
Ashland Div 1st g 6s. .1925
Mich Div l8tg6s
1924
Convertible deb 68
1907
Incomes
1911
Chic Bock Isl & Pac 63. ..191.7
Registered
1917
General gold 48
1988
Registered
1988
Coll trust Series C 4s .. 1906
H4s
1910
M48
1915
N48
1916
P48
1918
Chic R I <fc Pac RR 48. .2002
Registered
2002
Coll trust gold 53
1913
Choc Ok <fc G gen g 58 .ol9iy
Consol gold 6s
1952
Range
Last Sale
Bid
Low High Central
y-J
Q-J
M-S
Frankfort-on-Main 3 Hzs ser 1
January
Week's
Price
Fritiay
October 7
STOCK EXCHANGE
Week Ending October 7
N. T.
I
Q-F
1925 Q-F
TJ S 4s coupon
PhUipplne islands 48.1914-34 Q-F
Foreis" Government
BONOS
Mange
Ranrte or
Last Sale
October ?
—
Ij
Week's
Friday
STOCK EXCHANGE
Week Ending Octobeb 7 •-
N. Y.
RRsSau Frsf
48.1927 A
Unitftif
Bys St L
48.19:14 J
Ist
W Chic St 40-yr cons g os. 1936
g
91
91% 286
117
II514
115% Sep
96%
SfclP
118
,
106%.
ii'6%
'.
8234 Sale
J
M N
904
Sale
116% 118
82%
9614
II714
94
106
110
117
'04
9634
1174
J'ne'04
Oct
89
92^
1 11518 119
114
117%
93% 96%
116
91
121
Of
'99
J'ne'02
110 110
110 J'ly'04
1 09 4 Dec '99
83 108 76 4 8S
82%
7914 82%
82 4 Sep '04
yy Dec '97
4ian and KIrctric IJitht
112 4116% Atlanu U L Co Istg OS. ..1947 J D
U61* 116
116%
116>4
I16>4
Mklyn U GaM Int con g 58.194 ,VI-N| 117
It 112% 116%
1121, 116
Sep '04
110%.
1164
weeK. aOaeJan d Uae Apr e Due .Yl»r ffDuaj'n* ADueJ'l7 k Uxie A.ag oDue Oct p Due Not fOption
,
K
.
1448
Bond Record—Continued— Page
WKKK KNDIMI OCTOnEK
hui
Cliii-itSt I, .sec Alciri'ifc Sii ir(Cliir
L db -\ tJ tifc III C<tlil
M
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ruts
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it .MlllU iHt L'tlH
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i;s...i'.ir.i
MN
J.J
AO
Ik...
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ir
LO10
High
134S«13i>4 134VjSep'04
94
93 D<-c'(i3
ji)
I'.KJi
li.s...l!i:-lo
&
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Lov
rjlH
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li I ik I'
CliDOOit Uuir See
Clu H <ft I) cousol 8 f 7»...l!tO.'.
130i«134>t
Feb '04
131
129'4 Mar'()4
123'.jJ'lr'04
7718
78
12934 129'4
120 1231a
l:<8'«
131
>«
121
77W,
112 Sj
W
i'so'iiiiu'"
32
lll'»Apr'04
110
111
'4
C'lU
C
D
Cln
I
1 tji
Cln
J.,
09 14
100
11468
JJ
W l8t KU KC6«...1941 J-J
l8t
g 48.1953
U
C & St L
)ru
I
1111411314
98
98
97
0915
/See
.VI
ah
W4
Regl8tere(l
19SM) .M-N
&
Col Dlv l8t g 48.. 1940
Val Dlv l8tg48... 194(1
C I St L A C consol 68..19'20
l8t gold 48
/cl93t5
WW
M.S
J.J
M-N
Q-F
fcl93G
Kesi8tere<l
-F
Cln S A CI con l8tg58..1928 ?:J
J
CCCit
98
consol 78
1914
Consol atnk Iuna7s
1914
Oeneral consol gold 68 1934
Kegistered
1934
Ind Bl A
l8t pref 48.1940
O InrtA
Istpf 58...<tl938
Peo A East lat con 4s. ..1940
Income 48
1990
CI Lor A \Vli con 1st g 5s. 1933
I
.
W
W
•
IO214
102
1011* 100 J'ly'04
98i8J'ly'04
98 "11102
101 >a 103 Hi loii-iSep'04
100
100
93 >4.
102 Dec '02
94i2.'^ng'03
03
106
105 Jan '04
103 101 la Sep '04
J-J
J-J
Q-J
A-0
Apr
A-O
CleT A Marietta -See Penn BR
Clev A Mahou Val e 5s.. .1938 J-J
Clev A Pitts See Penn Co
Col Midland Ist g 48
1947 J-J
Colorado A Sou Ist g 48. ..1929 FA
Colnm A (ireenv St4 So Rt_
Col A Hock Val See Hock Val
95»8l02i4
993410114
98
981*
903^ 103
99
100
105 105
100 la 103
115i4J'ne'04
120 J'ly'03
J-D 121
J-D
A-0
45
.
11134
130^4
Sep
130
llOHillSi*
'04
i28" iso"
i04"iaNoV'oi
A Waco Se« M K A T
Lack A Western 7s.. .1907 M-S
98^4
6794
69
111>4
118
1915 J-D
1915 J-D
2000 J-O
N Y Lack
1st 6s. .. 1921 J-J
Construction 58
1923 FA
Term A improve 48
1923 M-N
Syr Bing A N Y Ist 78..190e A O
Warren Ist ref gu g 3 "as. 2000 FA
Oel A Hud Ist Pa Dlv 78.1917 M-S
Registered
1917 M-S
Alb A Su8 Ist con gu 78. 190G A-0
Guar gold 6s
1906 A-0
Registered
1906
Kens A Saratoga 1st 78.1921 M-N
Registered
1921 M-N
Del Riv RR Bridge See Pa RR
Denv A R Grist con g 48. 1936 J-J
Consol gold 4>a8
1936 J-J
Improvement gold 58.. .1928 J-D
Eio Gr West Ist g 4s. ...1939 J-J
Consol and col trust 43 1949
Utah Cent Ist gu g4s ol917 A-O
Kio Gr So gu See Rio Gr So
Den A S West gen s 1 g 68 1929 J-D
Des Moi A Ft D See C R A I P
Registered
letrefgu 2 3^28
AW
AO
AO
67 14 114
861-j
89
i>6>aSale
108 >a
1937 A-O
1916 J-J
5s. .1937 J-J
g
Registered
L'>aslot
A AU
6eeStPMAM
Minn
131
130
J'ly'04
1301a Aug'04
"a
Oct
140
129
56
82
67I4
891a
136 M.
130^4
10334
ioa<4
'98
.
.
142 •».
127 12934
11114 1151a
IOOI4 10534
108 14 10978
101 14
J'ly'04
9534 101 la
looHiiom
100»4
10638
1333413714
105 ig
104
103
142
104 14
107 la Sep '04
99 14
9934
107 Hj
99 "a Sale
89
97
May'04
90
' 'al
(ieorgia
A Ala See Sea A I-ine
A Nor See Sea A Lme
(icorgia PaciHo See So Ky
G ila V G A Nor See So P.ic Co
(jouv A Oswegat See N Y Ceni
(irand Rap A Ind ^eePeiuiRK
ray'a Pt Term See St L S W
Gt Nor— CBAQcoU tr4s 1921
Registered. A
1921
Grt-enbrier Ry See Che.s A O
Gulf A S 1 Ist ref A t g Ss 61952
See
Han A St JoSeeH C B A Q H
ousatonic
YN HA
(ia
24
Sep '04
110
36
44
79
II2I4
9913110
113':2
Gas and
Gas
Electric Lifrht
1947
g os
1st
CllGLACCo SeePGACCo
Consol uaa con v deb 68
1909
Con Gas Co See P G A C Co
J.J
Retunding g4s
Jeflerson
RR
Ed
El
11
Hkulstcoug48l939
I<aoGaa Lol St
L Ist gos.el919
Mo price Friday;
latest bid
J.J
QF
1064
1084
rJi-'4
and aaked
Sale
this
103
'
904 ;'8V
973<
9514
90
102
98"
105»4
1084 20 10341101^
I0<?
10541074
1014102
Sep
Oct
105
102
100 '4 I'X)*
115
*01
102
101
Apr'04
101
96
123
1044
lol
1064 Mar'03
96
108
85% Sale
7934
9514.
1164
114
96
May'90
934 98
8434
4 Mar'04
85%
80
85 4
94 4 Ang'04
101 4 Oct '99
93
95
8434
85
92
95
104 14
85-i>.
NoT'OO
100
1074 J'ly'04
1244 Apr'04
106\ 1074
12441244
Nov'98
NoT'03
11934 Mar'04
90
119
1244
1194
934
118
87
93S8>l»y'04
104 4 Sep '04
IO4I4
102 41034 1024
11934
984
10241044
10241024
1024
Mar'04
106
1074 Dec '02
984 Sep '04
1214122 121% 122
994 984
994
98
101
118% 122
97 1004
Nov'OS
Sep '04
109411434
108»8....
106
108%....
994....
'
115
102 4 106
'04
Sep'1.4
lt'5
70
114
114%.
87
City Sou lat gold 38.. 1950
874
.
71
72
1950
LAN
Kentucky Cent See
Keok A Des Mo See C
106
874
86
89
72 4 Sep '04
63 uot '00
68
78%,
RIAP
W
109'4
109
10334
11014 ...
97%...
107
122
12 116
UA\
122
Ist 58
Aug'04
98
lOlOg
1014104
11341134
6 I064IIII4
1104111*8
604
68
98%
105
189
994
8
54
11
9534
994
J'ne'03
61 4 Oct '01
904J'ly'04
10734 DfC'OO
1064 Aug 04
2
'i
'4
96
109%
week.
88
iYr4i224
934 964
Aug
b'i
i'6 '4
110
aDueJan
904
103% 106 4
106
2)
110
111
99
100% 100%-
118
Sep
116
118
100
100% 1004
'1)4
98
10034
Fel»'04
Oct '00
99
101
1014
96% 101%.
100%
1H)
110
1004103
107
1054 Mar'03
1034
1084
107%
1U74
103
'^4
Sale
112 Mar'Oj
107 4 Sep 04
112 4Aiir'02
103 4
103-V
10741074
10041044
1154 118
1194
11.'^
Gold 08
117
I1534 Ang'04
1144115%
Unitted gold 48
Registered
Coll trust gold 58
1014 Sale 100% 1014
1004 101% J'ne'04
1154 116 113 J-ne'(i4
101% 101%
193
1940
1940
1931
5.20-yr col tr deed g 48.1923
E H A Nash Istg 68.. ..1919
and Electric
97 4 Sale
97
114
1144
Ed El 111 Ist conv g 6s.. 19 10 M S
1995 J J
lal consol gold 68
X Y AQ El LA P St con g 531930 F A
N Y A Rich Gas 1st g 68.1921 M N
1st gu g
Peo lias
2d guar gold 6s
Ist con gold 6s
Refunding gold 5s
1904
1904
1943
1947
ChG-LACkelslgugSs 1937
Con O Coof Ch Ist gu COS. '36
Eq G A F Ch 1st gu g 6s. 1905
Mu Fuel Gas Istgu g 5s. 1947
Syraou.so Liglitiug Ist gos. '51
I'reutou G A El Ist gos.. 1949
eDue.tiity
98
109
964
1114
97\
Sep
102
113
'04
i^S"^
114
liifflit
5s.
Due Feb dDneApr
J'ly04
t'ase.
NYGELHAPg 4a. ..1948 J.D
..1949 F A
Purchase money g
AC
Nov'03
1 10
105
116
107
92
1134
110 J'iie'04
100 4 Sale 1004 100
1
112
101
100
704 Milwaukee Gas L lat 4a. .192 M-N
Mut Fuel Gas Co see Peop Uas
351 171% 189
118
984
130 132
113411834
J'ly'04
N<.v'03
105
116
100% J'ne'04
100
1949
6s.. 1911
191]
1074
104»4
,
1164118
984
994102
N Y BAM Bl8tcong5siy3:)
1927
N Y A R B Ist gos
NorSliB 1st con gguo8ol932
10841084 Louisiana A Ark Ist g 5s. 192
10941141* Lioulsv A Nashv gen g 6s. 1930
Apr '04
107
lie Aue'04
1 09 4 Oct '99
ill Sep '04
99 Aug'04
1034.
A Hud R See Cent of N J
A Wilkes b See Cent of N J
10341034 Leroy A Caney Val See Mo P
Aug'02
1074M«y'04
1094 108% Sep -04
105 Jan '04
...
--.
1144-.1104...
i-j
122
106
132
118
1114116
.
AN
Guar ref gold 48
Bklyn A Mout Ist g
11541204
11041144
1304 1204 Sep '04
1114.
1144J'ly'04
109
116 Sep '04
103'aSep'04
133 Sep '04
131413518 Long Dock See Erie
Long Isl'd— 1st con g58./ll931
130 Ang'03
A1931
99i>B 38
1st consol gold 4s
99
96 410014
98i-2Jau'04
General gold 48
1938
984 984
1922
Ferry gold 44s
87
88 ioo 84
89
1932
80-4 Fel)'04
Gold 4s
8534 8534
Unified gold 48
1949
93 "14 8834 95 14
921a
1934
125 14 J'ne'04
Debenture pold 58
125X112514
i
!)64 Sale
110
106
103
AMS
Kal A A G R
an A Mich
AOC
ASF
K C Ft S A M
KCAMRAB SeeStLASF
Kan C A Pacilic Se« M K A T
Kan
97%
954
Leh
Leh
II314
I'
lludNon Co Gaa Lit v 58..1iM9 M N
kings Co El L A P g 5s. ..1937 A O
Porohase money Os
1997 A O
101 »4
See Kirie
See L S
See Tol
See St L
114
Detroit City
if
noi»
p5 4
1044
71
104%Ati«'04
ioi" ibe' 104
1951
lOSi»lll
111 1141.2
187% Sale 1864
-
99»4.
W
112% 11334
J'ne'04
'ly '04
10938 Sep '04
111 Miiy'04
69 4 Sale
09 4 Sale
EdEllUBku SeeKCoELAP
Ed E lU See N' Y G A E L H A
Kq U LN y iHt con g 58. .1932 M.S 1114 .-Eq G A Fuel See P G A C Co
GaaA Elec Berg Co c g 58.1949 JI)
G«a Electric deb 348. .194'.' FA 894 90
Or RapG LCo 1st g Ss... 1915 FA
10234
104
84
115 Apr'04
1134-Mar'OO
102 Aiig'04
94 Mar'03
994 Oct 'Oi
1104.
1952
1952
114
111
11034 May'04
IIII4
111'4
Ga8g58
1923 J.J
Det Gas Co con Isl g 68. ..1918 FA
107
105 4 J'ly'04
1004 Apr'04
Registered
1953
Cairo Bridge gold 48
1950
Louisville Dlv gold 3 48.1953
Middle Divreg58
1921
Omaha Div iBtg 3s
1951
St Louis Div gold 38
1951
1951
Registered
1951
Gold 34s
1951
Registered
Spring Div 1st g 348. ..1951
Western Lines Ist g 48. .1951
Bellev A Car Ist 68
1923
Carb A Shaw 1st g 48. ..1932
Chic St L A
O g 5s.. .1951
Registered
1951
Gold 34s
1951
Registered
1951
Memph Div Ist g 48.. .1951
St L Sou Ist gu g48
1931
Ind Bl A West See C C C A St L
Ind Dec A
1st g 5s
1935
1935
Ist guar gold 58
Ind 111 A la 1st g 48
1950
mt A Great Nor 1st g 6s. .1919
2d gold 5s
1909
3d gold 48
1921
Iowa Central 1st gold 5s.. 1938
tiaa
A-O
Sale
10841084
1951
1951
1951
1951
1951
Extended
iUlSCKLLANEOL-S BONUS—Continued on Next
Buttalo
J
84
10341044 1044 Sep '04
J-J
Illinois Central lat g 4s. .1951
11334 J
98
.
97^1,
W
114
95 ig
37
45
11
66 4 84
10'J34 112 4
103 '2 Aug'04
1131a Jan '04
lOS'a.
Ill
85i«
102 19 108
ock Val 1st consol g 4 48. 1999
Registered
1999
Col A H V Istext g48..iy48
Houst E A
Tex See So Pac
Houst A Tex Cen See So Pac Co
II6I4
96
115^4
AO
II
lis
100
921a
108 la J an '04
111%
IMS) Sale II418 II418
]0.j7g
107
(i
116i«8ep'04
98
1131411413 113i4Sep'04
ARK
:2i4
1074
Mar'9»-
1104 110
844
Knoxville A Ohio See So Ry
Lake Erie A Ist g 58. .1937
1941
2d gold OS
North Ohio 1st gug os..l945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) coU g 58.1997
Leh Val NYlst gug 44s. 1940
Registered
1940
Leh V Ter Ry Ist gu g 5a. 1941
Registered
1941
Leh V Coal Co lat gug 58.1933
Y 1st guar g 4s. .1945
Leh
Registered
1945
El C A N Ist g 1st pt 63. 1914
Gold guar 58
1914
100 Sep '04
95 1« Sep '04
43 Sep '04
79
78
112i8ATig'04
95 Hj
lO.I
..-.,116
3 101
Jne'04
105»4
J'ne'02
Car
Registereil
W
WUk A Eal8tgag58.1942
108
106
103
142
IO414IO4I4
103 1071a
94 101
83
91
Sep '04
Jan '02
24
......
ANY
2d gold 4'-j8
1937
General gold os
1940
Terminal Ist gold 5s. ..1943
Regis So, 000 each... 1943
Mid UK ol is' J Ist g 68.1910
Den (; iHt g6«....1921
RloGr 1st g 48. ..1928
Har A S A See So Fac Ci
H A H<)nh82 lat o«. 1913
N
129 H!Ang'04
114 la J'ly'04
105 •4 10534
108 4 J'ly'04
102 Feb '03
133 34 Mar'04
149 Ang'Ol
106 J'ne'04
104 May'04
103 Apr '04
142 J'ly'04
147 iaJ'ne'02
.
Ill's.
104 ".J.
104^8.
92 .
Hiast Ten Va A Ga See So Ry
Elgin J ol A East 1st g 58.1941 Wl-N H6\.
Kim Corl A J<o See Leh
Erie l8textgol(148
1947
113^4
2(! ext gold 58
1919
logi^iioi*
3d ext gold 4 "as
1923
11312
4tli ext gold 08
1920
102^4
6th ext gold 4s
1928
1331313414
ist consol gold 78
1920
132
Ist cousol g tund 78
1920
99<^ Sale
Erie l8t con g 4s prior. .1996
Registered
1996
87»4 Sale
ist consol gen lien g 4s.. 1996
Regis tereil
1996
Peuu coll tr g 48
92
1951
03
125 14
Bull N VA Erie Ist 78.. 1916
Bull A S
gold 6s
10414
1908
Clue A Erie l8t gold 5s. .1982
122 Sale
102
Jeit RR Ist gu K 58....al90ii
Long Duck con.sol g 6s.. 1935
133 1^
Coal
Islcurgu 68.1922
Dock A Inip l8t ciir68..1913
K Y A Gieeu L gu g 58.1946
M Y Sus A W l8l roi" us. 1937
al
4
107
KhiCAPenin SeeHea Air Llnc
U D i;o Ist g 44". 1941
'
High
1214Sep'04
105
112
lOi
tort St
Ft
A
Kt
A
W
SaLe
lx>w
103
LN O A Tex gold 48. ...1953
116
109i»112'%
1271a 130
128''8 133
109 1«
109>«
121 »»
lUo>4 sale
Week-M
Range or
J.att
Af< I'erc .Mar
lat g 348
Ist gold 3s sterling
Coll Trust gold 4a
10034
Atk
At(<
116
reb'04
66ia
86S4
Des M A Minn See Ch A N W
Des Moi Un Ry Ist g 58.. 1917 M-N 108
Det M A Tol See L S A M So
99»4 100
Det A Mack Ist Uen g 4s. 1995 J-D
Gold 4s
1995 J-D
1951 J-D
Det Sou l8tg48
Ohio Sou Div Ist g 48.. .1941 MS
Dul A Iron Range l8t5s.. 1937 A-O
Pere.'VI
Registered
67 14 Sale
7
68
69
112iall2i2
95
112 12 Feb '04
115"4.
Morris* Essex l8t78... 1914 M-N 12»>a
Ist consol guar 78
A
Registered
98
Sale
aUas
2d 68
DtU So Shore
Pcnn Co
Ist gold 34.S
&W
I>el
See
Pitta
Registered
98
09
98
69
Conn A Term SeeN
Conn A Pas Riys lat g 48.1943 A-0
Dak A Gt So See CM A St P
Col
lint
I
/
See
<fc
Clev Cin C &
1931' J-J
Cairo 1>1T iBt KOld 48
M I)jvl8tg48.1991 J-J
Cin
St LUlv Istool trg48..1'JtlU -M-N
8pr
04 12 Dec '03
113 Oct '00
113i4J'ly'04
1
V
C C C St L
See B K A P
1014102
.'^t L gen g 48 1993 J.D
<&
SAC
CleartlPhl
I'J'M
A O
M.\
4'gs
it
&
octobkb
A T H lat cona 6a. 1921
Istgenenil gold 58
1942
Mt Vernon 1 si gold Oa.. 1923
Sull Co Jlruiicli l»t K 68.1930
Ev A lud Islcoii gu k6n.. 1926
L^argoA So seeCit .M A: f-t I'
W
(.;
2<1 Kolil
A
Krle
K.ndino
Evans
Nor WiscoiiHiM
Isl
c'ity iHi K
jiMA-
Wbkk
2
Hrtee
/yiitav
October 7
KXCIIANfJK
N. Y. ST0(;K
Since
January
I'euiiCn
Cll ^^l
I'
Kanye or
Last Sale
fYidav
October?
7
B(>.M><
Range
tfeeK't
STOCK KXCHAN'OE
S. T.
[VOLLXIII
2
68..
91% 904 J'ly'04
874 90%
110 1104 110
1104
94
94 V 944
94 4
103 4105:'4 1063, J'ly'04
120 4J'ue04
1184
May'ii4
104
101
100 Mar()4
1054 1104
96 4
90
91
M N 1024
J D 10134
A
.M
M N
J 1)
s>
1044
108
106
1204
I0O4 102
100
1074
101
Apr '1)4
103
103
107
107
104
1064 1094
J'ly'04
104
101
107
1024 Sep '04
10 4 Sale 1014 1014
107
1024
1014 106
1
109
103
11834 12534
1024
97
105
100
1014 1014
4 J'ne'04
1013j Aug'04
12534 Sep '04
123
S
J J
J D
J J
M
lul
102 4 110
115'4
Feb '01
ADuejl^ jlcDueAug oDueOct QDueDeo
j
Option
sal*-
Oct.
—
)
1
IJOMJS
STOCK EXCHANGK
Week Kndino October 7
Lomsv
N iifihv—( Continued
LCin<fe Lex ?ol<1 41^8.. .1031
N O & M 1st gold 68 1930
1930
N O & M 2(1 gold 6s
<fc
Pensacola Biv frold6B...1920
LOlv
M-N
J-J
J.. I
M
19'21
l8t i?old68
1980
Hender Bdgelstst g68.1931
Kentucky Cent gold 4s. .1987
4
Life X & M & M Ist g "us 1945
L& X-South M joint 48.1952
1952
Registered
N Fla& 8 Ist gu g 5s. ..1937
Atl 1st gu g 6s. .1921
Pens &
S <fe X Ala con gu g 53..193t;
1910
Sink fund gold 68
2d gold 3s
L& Jell
i, N A
<fe
1934
Coloniz g 58
B V See Y Cent
Metropolitan El See Man Ky
Mex Cent oonsol gold 48. .1911
1st consol income p 38.al939
2d consol income g 38..al939
1917
Eqaip <fe coll gold 5s
1919
2d series gold 5s
Coll tr g4i28l8t Ser....l907
Mex Internal 1st con g 43. 1977
N
<fe
....
....
1134....
122
75
113
i,
S
<fc
W
-See Cliic
954
96
114%
<fe
Mad
117 4 J'ly '04
Jan
ll.*-)
115" iie' 117
1054
110
98
'04
J'ly'114
Pl8t5sstpd4siulgu 1936
il S S M & A l8t g 4 int gu 1926
Minn Un seeStPU&M
Mo Kau & Tex l8t g 48. ..1990
»1990
2d gold 48
M<fe
1174
115
117
9r4'99"'
McKees&BVl8tg6sl918
—
lot's
10634
105>4
101
103% Dec '02
1084.
10838
4 107 14
iuf'iiiVo^
G9
Sale
171* Sale
Sale
C8\4
«9
16%
174
11
10
11
FA
92
92
AO
90*3 J'ly
59
19
12
6
9$
M-S
140
113
Sale
116
1173^
9414
984
984 98
MS
M
See N Y C <fe H
Monongahela Riv See b & O
Mont Cent See St P
Morgan's La & T 6ee S P Co
Morris & Essex See Del L &
NaehChatifc St List 78.1913 J-J
1928 A-O
1st consol gold 5s
Jasper Branch let g 68. 1923 J-J
Al Ist 6s. .1917 J-J
Branch let bs
1917 J-J
Nash Flor <fe Shet -See L, <fe N
Nat ot Mex prior lien 4 '28.1920 J-J
1951 A-O
Ist consol 48
New H & D 6ee M Y H cfc H
15
Nov'Ol
103
101
84
I03J4
85 14
1014
100%
Kale
8 1^4 Sale
103 4 Sale
80 14
10214
91
102
91
Sale
10884
103
104 4 Sale
108'4l09
954
108
96
282
90
.
N
80
J-J
MS
MS
MS
10641124
954
11641164
115
116
100
112
95
104
109 14
10334
108% North lUinoie See Chi
954
May '01
91% 96
1998 FA
1098 FA
Registered
1998 FA
Beech Creek let^ g 4s. 1936 JJ
Registered
1936 J-J
2d gu gold 58
1936 J-J
Beech Cr Ext l8tg 3 48 61951 A-O
Registered
M ich Ceu t ooU g 3 ^28
96
35 11138118
934
84
91
96
10439
115 4
11541194
113
4 Aug'04
11334
FA
Jan
'0"
104i4Apr'04
104
104
101 Mar'04
104
104%
10234 106
101
101
131% Apr '03
101%Apr'04
101% 101%
101
Sep
1034
1034
Dec '03
1004104
100
110
130
91
Feb'04
127 "a.
119
128
128
121
Apr •04
II514I17
94 4 J'ly '04
11434 Sep '04
92 4 J'ly '04
98
.
9l>9
&
StP&N
91
StPaul&Dul
Sep '04
Aug'03
110
'03
A-O
W
121 4 Sep '94
116 Sep '04
113 l)ec'99
118 4J'ne'04
113 J'ly '04
I2II4.
1134.
1173b.
II414.
113B8
.
IIO4II6I4
Q-F
Q-F
J-D
J-D
72
'
let consol gold48
1948
g 48
Nor Pac Ter Co Ist g 68.. 1933
Nor Ry Cal See So Pac
Nor Wis See C St P
O
Nor Mont See
Cent
FA
FA
100
Sep
113
113
113
10134 j'ne'04
Aug'OI
115% Sale
115%
.13
CCC
& St L
May 04
99 4Nov'02
90
90 168
8934 Sep *04
"3
89 4 89»4
Sale
1064.
1946 J-D
1st * fund
CI <fe P gen gu g 4 48 ser A '42 J-J
Series B
1942 A-O
Soriee C 348
1948 M-N
Series D34e
1960
Pittegug348B.1940
C
194(»
N <fe C Bdge gen gu g 4 4s 1945
PCC<feStLgu448A...1940
1154 10 110
116%
113%
110
110'4Sep'O4
105
110%
10334
1024J'ne'04
1024102%
102 Apr '02
109 14 110
108
10534 J'ne'04
10534 108
Series
Series
Series
Pitts Ft
914
85% 91%
lOli
106
102
109
106
9214
2d78
Penn
RR
FA
.
11034 112
11034...
F-A
J-J
J-J
A-O
93%...
120%...
119%...
118%...
1064...
Isl real est
BONUS—Continueil
96
102
...
A-O
M-N
M-N
g4s.l923 M-N
Consol sterling g 66
1905 J-J
Con currency 68 reg...(/1905 Q-M
914.
9534
/11912
W&
10
110%
4
9f.% 99%
118 120
103% Aug'03
...
...
1942
1942
1945
1949
g
C 1st 78.. .1912
1912
B guar
D 48 guar
E 34 guar
102 Nov'98
92 "4 Dec '03
9914
99 >4
120 Sep '04
96%...
1
3d 78
!«
113
113
A-O
Senee C guar
93 4
104
1024
96 ...
96 ...
103%...
Series
99 4101%
94
119
111
J-J
J-J
J-J
Erle<fe
101
86
86
Mar'04
102
85
111
4 Sep '04
Guar34scoUtr ser B...1941
92%
99 14 Sale
Tr Co certif '6 gu g 3 48.19x6 M-N
C St L & P let con g 58.1932 A-O 116%
Regietered
1932 A-O
100
10238
100
8838
SS'V
91 Jan '03
106'«J'ly*04
Aug'04
Ang'04
94
W
Mo Pac
g44s.. 1917 A-O
Sink fund subsidy g 6s. .1910 M-N
Penn Co Guar Isl g 44s. 1921 J-J
Registered
1921 J-J
Guar 348 coll truet reg.1937 M-S
Dec '02
9934
1054108%
964 96 4
96% Aug'04
109
NY
-See
Pac Coast Co Ist g 58
ac of Missouri See
10034 100%
10041004
99
122% 122%
M&
W
OInd &
9634 10134
100%Apr'04
100 4Mar'04
101
70^4 75%
6834 72%
97% 97%
J'ly '99
112% J'ly '03
1054Apr'04
119
—
103 4
78
98
100
'04
51
ltar'04
132
^:^
.
100
100
7434
129%
89
117
&
104=4
Sale
104% 122 1014105%
104% 60 101 104%
72%J'ne'04
974 Aug'04
97%
123%
119%
1114
1917 A-O 1064
98 4100
1968 J-D
Wash Cent Ist
11341134 Panama
U
994
1251413234
Oewego <fc Rome See N Y^ O
1244 O C F <fc St P See C & N
120
1023^ 1044 10214 AuB'04
100
77»4 Sale
2'z7
73
764
10734
104% Sale 104%
104%
104%
74% Sale 74%
Q-J
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
Ore Short Line See Un Pac
88''%
13234 Aug'04
hio River RR 1st g 56.1936 J-D
General gold 56
1937 A-O
1134116%
884 92 4
112%
Nov03
127
NW
let 58.. ..1931
2d 58
91
10 12334 128
121 130
90
94 4
984Nov'03
96
100
129
130
Registered certiiic's..l923 Q-F
g 5b. 1909 J-.J
FA
55
107 4 Sale
100
80
75
5s.
1
(,'
.'".e.
Nov'OO
1074 1074
100% Sep '04
80
80
80
784 80
1926 J-D 103
1920 J-D 103
<fe
K r-s. 19.^,1 J-J
Pleas Val Coal let g a f 63. 1 928 JJ
Rochifc PitCife 1 purm Os. 1946 M-N
Teuu Coal gen us
1951 J. J
92
94
Tenn Div l«t.g68
re I1U7 A ()
108
Biriii Div Ist consol 6h.. 1917 J J
1114
Cah C M Co 1st gu g n,t. 1922 JD 100
De Bar & 1 Co gu g 6s. 1910 FA 1024
Va Iron Coal * C st g
1949 M.S
73 bale
Wh L E <fc P C Co 1 8t e 5s. 1919 J J
*No pnce
'04
119
.
1
034
104
9534
Jan '04
Nov'OO
Apr '04
10'2.\ug'04
110 M'ar'04
1
. .
4
...
110 Aug'04
104
104 4
93 4 Sep '04
127% Oct '02
121
Mar'04
119 Apr'04
107 4 Mar'04
--J
90
983^
108
10934
96
'JiJ%
1104
111%
no no
1014 1044
90
934
121
119
Vi\
119
1044 107%
on Next I'axe
Telegraph nnd Telephone
Ool Fuel Co gen .gold 6»... 1919 M-N
Col h & 1 Co gen 8 I g OS.. 1943 FA
Convertible deb g 08
1911
Trust Coctfe
Gr Riv Coal & C letgOs.. 1919 A-O
1
<fe
Erie
CB<feQcolltr4« SaeGtNor
P gen g 6s.. ..1923
96
11141114
niI.SCEI.I.ANE<)U.S
i;
L
Registered
1997
General lien gold 38
a2047
Registered
a2047
St PaiU.Dul Div g 48.. ..1996
Registered
1996
nn<l Iron
I
1154 Sep
115
Nor Pac— Prior lien g 4s. .1997 Q-J
103%
10941154
4 Sep '04
115 "4
North Ohio See
101
1114Mar'04
1004
18901905 J-D 1004
Debt certs extg4«
1905 M-N 101
Registered
1905 M-N loO'a
Lake Sliore coll K 3 S28... 1998 FA
90
& CUar C & Ist
2cl gold 5.S
Kan H C & C Ist 8
112%.
10034 109 96 410234
A-O 10034 Sale 100
9934 J'ne"04
993, 9934
A-O
9434 176 87 4 95
J-D "94% Sale 94%
112 Ang'04
112 112
CC<feTlstgug5s
1922 J-J 108%
'28 99% 103
Scio V & N E let gu g 48 1989 M-N 103 Sale 10234 103
1064
10934 Oct '03
92I4 923^
92 4
96
W
\0b\
106=8 1094
11838 12238
122>4
114%
95
Improvem't & extg68..1934
1932
New River 1st g 6s
N & Ry let con g 48.1996
1996
Regietered
Pocah C & C joint4s..l941
loei^
99
100
1043.
J'ly '04
1024 Ang'04
Registered
Jen
'03
y Tex <fe M See So Pac Co
1941 M-N
Nor <fe South 1st g 5s
1931 M-N 131
Norf <fe West gen g 68
I
Registere<1
1997 J-J
Debenture 68 ot... 1884.1904
Regi8tere<l
1884-1 904
Reglst deb 5s of.. .1889-1904
Debenture g 48.... 1890- 1905 J-1)
Dev Co gu
Sep
100
N
-S'ee
1
4106%
96% 97%
60
Blk Riv gug4s. 1922 J-J
IO8I4
100
116
8514
102
91
86
UJJuncRR &e«NYCent
PennCo
New & Cin Bdge
a O&ii E prior lien g 6s 1)1916 A-O
N Y Bkln Man Bch -See L
3i28.1997
<fe
99% 96i4May'04
9634
10034
.
102
91
10834
IO4I4
108
1014
91
851,
Jan '04
4
1044
108
122i4 8ale 122'4
106^8 1064 106
107
82
1033,
10334
W
C
105
1064Nov'00
.
M&M
<3ol
IO6I4 J'ne04
95
N Y Chic & St L 1st g 4s. 1937 A-O 104 105
1937 A-O
Registered
N Y Greenw Lake 6'ee Erie
N Y & Har See N Y C Hud
N Y Lack & W See D L & W
N Y L E W See Erie
111 113
N Y Long Br See Cent of N J
12041204 NYifeNE SeeNYNH<feH
New York New Hav & Hart—
113 118
Housatonic R con g 5s. .1937 M-N 123%.
95 14 98
N H & Derby con g53..1918 M-N 107
1905 J-J 101%.
N Y & N E let 78
100%
190i J-J
974 99
l8t63
N Y North See N Y C & H
N Y 0& Wref Ist g 4s. .91992 M-S 103% Sale
Regis §5,000 oiUy.^...vl992 M-S
9641014 NY* Put S<»< N Y C * H
754 82
N Y & R B See Long Island
98410438 N Y S & W See Erie
Mohawk & Mai
Coal
105%
<fe
J-J
M&
Riv g
109M12%
121%12'2
121 121
J'ly '04
<fe
Jan '02
118 Aug'04
95i4Sep'04
121
J-J
.
H
121
<fe
1204 Feb '04
Hi's,
11314
J-J
FA
<fc
984101%
Nov'03
109% Apr '04
121% J'ly '04
RW&OTRlstgug 5s. 1918 M-N
142. Dec "03
113
113
MK<fcTol:Tlstgug5s.l942 M-S 103 4104
YCentcfe
9934
121
R W& Ocon I8text5s.7il922 A-O
08we& R 2d gu g 5s...el915 F-A
XJtica<fe
100%
100%
98
98
Jan '03
4
125%
1134
109%
119%
127
MS
)
1
196
<fe
J-D
J-D
A-O
J-D
M-N
Slier sh <fc So Ist gu g 58.1943 J-D
1906 M-N
Missouri PaciUc 3d7s
1920 M-N
let consol gold 6s
Trust gold 68 stamped. al 917 M-S
al917 M-S
Registereil
1920
letcoU gold 6s
Cent Br Ry 1st gu g 4s.l919 FA
Leroy & C V A L, Ist g 5s 1926 J-J
Pac R of Mo latex g 48.1938 F-A
2d extended gold Ss... 1938 J-J
Sgeii con g 581931 A-O
St L Ir
Gen con stamp gtdg 5a 1931 A-O
XJnitled & ref gold 48. .1929 J-J
Eir <fe W Div let g48.. 1933 M-N
1933 M N
Registered
1st g 53.1926
Verdi V 1 &
Mob & Binn pnor lien g 58 1945 J-J
1945 J-J
W ortgage gold 4s
Mob J & K C Istcous g 58.1953 J-J
Mob & Ohio new gold 68. .1927 J-D
Isl extension gold 68../il927 Q-J
1938 M-S
General gold 4s
MoutgouiDiv let g 58. .1947 FA
St L,<fe Cairo coll g 43..el930 Q-F
1931 J-J
Guaranteed g 43
See Southern
<fe O ooU 48
N
121
139
21 10634 109 4
18 I054IO834
<fc
Mo K & E l8tgug53...1942 A-O
T&e
100%
114
1952 M-N
Bat C<feSturlstgug3s.l989 J-D
'01
Sale
Sale
11834
MS
§ 1st g 348
10(1%
100'
103%
121%
99%
N y <& Harlem g 34s. ..2000 M-N
2000 M-N
Registered
N Y<fc North let g 5s... 1927 A-O
11
91
<fe
108%
10('34
100%
99%
Feb '02
lstg348
714
174
60
6
May'OO
105
L
J
934
J-J
J'ly
100%
1931 M-S
1931 Q-M
1940 J-J
1940 J-J
1951
48
Jiy
A-O
FA
W&
1st consol 68.1909
Registered
Registered
Istext gold 58
St L, Div Ist ret g 4s. ...2001 A-O
Dal & Wa Ist gu g 58. ..1940 M-N
Kan C & Pac Ist g 48. ..1990
McM M
Mich Cent
6s
lOS^s
J -I)
1934
Hitjh
1054Nov'01
J-D
FA
L010
107 4 J'ly '00
105 Oct '02
10834
M-S
A'o
Apr '02
109%
<fe
2d guar 6s
High
95""
1081^
100 4
J-J
KaA<feGRlstgucos.l938
Mahon C'l RR 1st 58. .1934
Y let gu 6s. 1932
Pitts McK
J-D
J-D
F-A
1944 M-N
W
2361
Registered
Lake Shore gold 34s. ...1997
1997
Registered
'i'yi'i<
Debenture g 4s
Det Mon & Tol 1st 78.1906
Since
Janiiary I
or
109% Sale 109
1st 4s gu... 2361 J-J
West Shore
96 14
89
Mar'03
Ang'04
99
10038.
Gouv&OswelstgugSs 1942 J-1)
Moh & Mai 1st gu g 43. .1991 .M-S 104%
N J June R gu 1st 4s.. .1986 FA 103%
N Y&PulstcongUK4s 1993 A-O 98
Nor* Mont 1st gug 5s. 191 AO 984
97I4IO04
1054107 4
115
115
112
W
M
M
M
961.
17
N "W
<fc
See Chic cfc N
& North See Cli & St P
Minn <fe St L. Ist gold 78. .1927
1909
Iowa Ex Ist gold 7s
Pacific Ex Istgold 68. ..1921
West Ex Ist g 78.1910
South
1934
let consol gold 5s
l8t and refund gold 4s. .1949
Minn & St L gu SeeBCR&yi
con g 4 int gu '38
St P & S S
Mil
Mil
122
J'ue'O
Nov'99
10()4Sep'04
107 4 107 4
M-S
1977 M-S
Stamped guaranteed
Mex North Ist gold 6s. ...1910 J-D
Mich Cent See N V Cent
Mid ot N J See Erie
MU
119
Apr '04
Range
Last Sale
Ask Low
Bid
Ad 1st gii g4s...l981 J-D
Clearf Bit Coal Istsf 4s. 1940 J-J
i264
Range
Week's
Price
Friday
October 7
Cart<fc
12314
11638Mai'02
1184122
A'o
126'.^Atig'04
12234 Ang'03
107 4 Sale
BdgeCogug48..1945
Ch SeeC l&L.
W
S
High
Hid
Ask Low
1094.... IORI4 Jan'(l3
127
122
BON D.s
STOCK EXCHANGE
January 1
WEKK ENDINO OCTOBER 7
Low HigK N Y Cent<fe H K (Continued)
N. Y.
Since
Last Sale
10(l«4
1990 A-O
Ke!nstere<l
Metropol El 1st g 68... .1908 J-J
McK'pt
Week's
Range or
106
See L S & M S
Mahon CoalRyconsol4s.l990 AC
anhattan
Man
1449
Kange
I'rice
Friday
October 7
N. Y.
St
.
Bond Record—Continued— Page 3
1904.
8,
6
1
10'-J4 J'ly'<'4
Mn)'97
4 Oct '03
106>4Feb'O2
106 Oct '00
107
1 02
9'J
110
110
102
92
Sep 04
Sep '04
Friday; latesUbld and asked this week,
104',
73
Jan '00
a
Due Jan
Telep
<fc
Tel
coll tr 4s
1929 J-J
94 J'ne'04
100 4 Apr '02
10040a
West Union col tr cur 68.193,s JJ
Fd and real est g 4 4a... 1950 M-N
Un
Tel a fund 68...191
Northw Tel gu t 4 48 g.. 1934
Jtut
9134
102
92
110
'v
1014110
100%10.">'
66% 73
6
Due Fob
VInniilnolurins ik Indonlrinl
Am Cot Oil cxt 44s
1915
Am Hide A L lalRf g68..1919
.\m Hi)irlt« -MIg Isl k6h.. 1915
Am Thread Ihlcol tr 48. ..1919
Bar « 8 Car Co lat p 6a. ..1942
e
Due
.May
(7L>ue.;'ne
A.
Due
MN
J
J
Q-F
.M-K
MS
J-J
109
110
10234
09
87
86
83
P93.J
Sale
88
84
J-J
J'ly
Sep
1104 110
p Due Nor
107
103
99
86
88
4
'04
i"5'4
J'ne'04
J'ly '04
Sep '04
87
88
8734 Bep '04
106 Jan '(M)
«
OpUon
90
94
10934
109%
urn
iioi^
'00
'99
10934 J'ne'04
105 14 J'ly '03
lo.-.41i»534 lor.
108
Oct
109
<fc
Dec, '03
104%
73
32
Am
1074 Conim Cable Co let g 48. .2397 Q-J
Registered
2397
95% 1004
Krle T & T col tr g s f 58.. 1926
80
69
MetT* T l8t8 f gSe
69 4 80
1918 M-N 111
N J Tel gen g 5a.. 1920 M-N 10534
1024 102 '2 N V
No Westn Teli'g -See West Ijn
105
salei
1014 106
107
100
107
96
70
82
74
100
87
HS
88
10334
J
1
—
.
1450
Bond Recora
BONUS
KXCHANOK
N. Y. 81X)CK
Week
eniuno October 7
—
Pen II Kit f C <»t(inu«<i^
Cimsol Kolil .'.8
lltlll
MS
liM:i M-N
48
I'.M'J M N
CoiiviTllblo K ^ViS
AUi-K' Vul Ki-ii uu k4s...1S»4'J M-h
C'oiiHol K<><<l
cut
.Mar l»l kii
4 SjH..!!!:!:) M-N
1) li K Kdt Bk»-1«1 «ii4»K.'3li F-A
«r KA lex Isl ifii t 4 '.8l'.t41 J.J
Suu at LewlH l»l K 4h...11»;50 J.J
UN J KU >b Call Kt-i> 4s. 11)44 M-s
it
Pouwiicola
Peo
Peo
<S!i
All Sef
iV.
AsIc
Bi<t
1 1
106
AG
Consol g Uh tut guar... 19 12'
<ifU gold 4h ml guar.. 192 II A-Ol
Ang'0:f
9934
102
112*4
9i'i-jio6^4
101134 27'7l
Waco* N Wdlv Isl g08'30 M-N
Morgan's Im& T IbI 7h.19)m AG
Nov'97
MiU'OO
1920 J-J
gu Isl g4M. 1912 AO
rjo7| J J
gu g C.H
Guaranleeil gold 5m
1938 A-O
Ore & Cal Ist guar g 5m. 1027 J-J
S A <b A Pass 1st gug 4m. 1943 J J
bo Pot ArgU I8tg68...cl909 J-J
Ist guar g 08
cl910 iJ-J
b Pot Cal 1st g 6m
1905 A-O
l8t g 6s series B
1905 A-O
IstgesseriesC <fe D...190G Ia-o
99 »4...
109^4
PM
jf
Gs
lOb"^...
no's Sep
120
11C21
121
101
109
61UV!1
W M 5a
l'JV!l
H)S»8.
1U20
N YT&Mex
lOSiallO
No
"04
i'i6">ii'ii'
119
1931)
Ill's,
11
iiii-i
May "04
1
J'ly'04
IVh"
121 '8.\.it''04
.
20 Vi 12312
9» 101
Apr'02
Sep 04
i"2'i
112'>g.\ug04
10734 111%
lOOUll'^J's
Phlla& ReadiUK consTs.iyil
I19'4 Apr'(i4
119i»119i2
Puie Cre«k rea iiunr 68...la32
PitUs Ciu A St L See Peuu Co
Pitt« Clove <fe Tol aee B & O
.See Peun Co
Pitt« Kl
<fc Cli
Pitt^ June Ist gold 68
1922
PittKifc L Krie2il g 58...01928
PjltB AloKee8i& V meeN VCeu
Pitts Sh & L, li l8t g 5s.. .1940
Ist cousol gold 5s
1943
137
Imi consol KoUl 5h
Pt Huruu
iJiv
litle&8.m3»
1"-^
SaKTu«& H l8lK"K4B.1931
West
V <ft Ash
<ft
&e«
Tex* N O
1905 jK-A
1912 M-S
1943 iJ-J
1994 J-J
1994 J-J
Registered
Mob & Ohio coll trg 48.. 1938 M-S
..1996 J-J
Mem DiT Ist g 44-68.
1951 J-J
St Louis div Ist g 48
1918 J-J
Ala Cen R Ist g 66
1948 J-J
Atl & Danv 1st g 48
1948 J-J
2d 48
Atl<fe Yad 1st g guar 48.1949 A-O
1916 J-J
Col<fe Greenvlstes
Va<fc Ga Div g 6s.. 1930 J-J
1956 M-N
Con 1st gold 5s
1938
E Ten reor lien g 58
1922 J-J
Ga Pac Ry 1st g 68
Knox* Ohio Ist g 68. ..1925 J-J
1915 J.J
RicU<& Dan con g 6e
1927 A-O
Deb 5s stamped
Rich & Meek Ist g 48.. .1948 .VIN
1919 M-N
8oCar<fc Ga 1st g 5s
Virginia Mid ser C 68.. .1916 M-!1921
Series D 4-68
1926 M-S
Series E58
General 5s
1936 M-N
1936 M-N
Guar stamped
l8t ey gu 48.. 1924 F-A
O <fc
West N C l8t con g 68.. 1914 J-J
lst78
Sabine Div lstg6s
Con gold 58
Southern— Ist con g 58
'111
11412 Sep '04
98 J'ly'97
115
113
B <fc O
114i8Moy'04
n4»8lUi8
101 228 94»8l01
99 Sep '04 '3
98 100
96
9738
913g 9713
11334
101
Sale
95
114>2ll6'2
Sale
10034
".2
ET
& Uan Hee South Uy
Bich & Meek Hee Southern
Rio (ir West dee Den <fe Kio Or
Klo Ur Juno let gu g os...l939
Bio gr So l8t gold 4s
1940
Guaranteed
1940
Kicli
&
MS
llliilie
62 la
llOHjlllH
llli2J'ly'04
68 J'ne'04
6312 68
8712 8712
87»2Sep'04
B K <& P
Wat & Og Hec N Y Cent
Pitts
See
Borne
Rutland 1st con g 4128
1941
Kut-Canad lat gu g4s...l949
Sag Tus tfe H dee Pere Marq
IJo&Gr Isl l8tg48...1947
St L,a\(- <& AdiroD Ist g 58.1996
2dgola 68
1996
St L & Cairo tiee Mob <fe Uhio
10334 104
10334 May'04
101i4Nov'01
88
92
92
MS
92
84
Atig'04
W
L £ iron Mount 6'ee M P
L K C & K Hee Wabasli
StLMBr ieeT RK Aof Stl.
St
St
10534 IO6J2 103 14 J'ne'04
10534
103^ J'ne'04
lOSislOS
lOSialOSOg
126 Hf\t '04
II2I2 Sep '04
126
1121^
W
M
12234 127
-L l8t con gold 58.. ..1894-1944
113
1953
98
Gen refund sf g4s
96
96
97
100 Jan '04
StLM BgeTergu g 58.1930
100 100
86 '8
865. Sale
87 156 791a 87
Tex <fe N O Hee So Pao Co
Tex & Pac E Div 1st g 68 . . 1 905
94 Aug'04
94
94
94
2000
12212 Aug'04
II9I2I22I2
122^4,
Ist gold 58
84 12 96 78
2dgoldLnc5s
92000
84
84^2 84
86
1931
La Div B L 1st g 5s
98 "s,
Min
N Istgu 58 '30
1935
n8»4
18 91 12 99
Tol <fc jO C 1st g 68
98
99
99
82i2
83I2 16 70ia 83I2
WesMrn Div Ist g 5s. ..1935
83 ^ Sale
1935
General gold 5s
7978 Sale
7934
80 25b 65 >2 80
Kan<fe M Istgu g 48. ...1990
80 Sale
110
W
109 V>.
134 '4.
107 "8 112
130 13436
IO912 IO912
13438 Sep '04
140 May'()2
1083e J'ly '04
IIII4
10712 110
llOigApr'Ol
112H>.
103 12.
11134 SftD'04
103 >2 Sep '04
109
100
'102 "a.
102^4
106 May'Ol
104 12 Aug'04
1041a 104
.
12519.
132 -a.
128
135
115
11634 118
11734
11634 Sep '04
Apr 04
133
Apr '97
117
Jan
'04
110
Jau
'04
11334
Dec '01
80
1
Ist ref gu g 48 1949
Registered
194'.)
Mort guar gold 3'<2s../fcl929
Gal Har<fc S A 1st g68..1910
2d gold 78
1905
Mex & Pac lstg5s.... 1931
Gila
1st gug5s. 1924
T Ist g 58.1933
H0U8 E <fe
1st guar 58 red
1933
VG&N
W
M-N
JJ
J
J
J-J
J-J
J-
804 81
81
103
10314
lOliTg
95
103
100
1U5
J-J
1()9>4
109'^
108 Hi
109
1-,
109 Sep '04
llli4Mtty'03
J-J
101>2.
102
J-D
10134 102
9434 SaJp
101«8
J -IJ
J -I)
1.J
10434 J'ly '04
^ Sale
J
J
9:i34
Jan
109
F-A
F-A
8534
100 <>8 Sale
F-A
J-L)
M-N
M-N
M-N
M-N
94
116
126
.
Hi
,
98
"a
11 134
104
"a
1950
50-yeax gold 48
Tor Ham & Butt Ist g 4s./il946
Ulster & Del 1st con g 58 1928
1952
1st refund g 4s
UnPacRR& 1 gr g 4s ...1947
1947
Registered
1911
Ist Hen convert 48
mnee
n2>4
'04'
January
!
So ,Ij0-uj Hxgn
l!110
112'«
113
-.-•,1)2
.Sep '(14
96
UOi-j
127>2Feb'0;;
.
Apr*04
May'04
130
Si.
121
130>«
130
121
I'il
104\HI7
106 Sep '04
113 Jau '01
IKi'
100 Jau '01
lOll
73
87 W
88
88
j
10«'4lo9i, 1090m ^ep '04
1U5 UK'-!.
lo9i»
110 '4 Sep '04
1053, II1O4
loo's
102
102 Ma)'04
101
101
102 Oct '03
102
10434 Sep '04
J 0434.
Ji'2
112
115 '4 J'ne'04
11.-, ^4 II5I4
112
114>aApr'04
114-2 Ut>-j
no's
119 Feb '04
UH 119
109SU0 109=8 Sep '04
107 110
108'4
108 Sep '04
108 10«34
10134
103
103
103
101
108
109 Sep '04
109 109
I05I4
103
103 Jau '04
103
117 '4 Sale 117'«
11734 61 111
118
110 110 Feb'oi
108 llii
95
96
9512
95)2
9234 971*
iismieu USia US'-.
114 1151a
9712 98
98 Sep '04
931a 98
117i2Apr'04
115'e
115 117S
9434
9II4 '.^U=%
94 la Sep '04
90
891a 91
90 Sep '04
90
88
116>«
118 May'04
118 118
11512117
15 Aug'04
113 115
121 la Sale 12034 1211a
117 121>s
111"* 1111,
109 112
122 ....
122isAug'04
11834 VIA
12378
125 Sep '04
I'iO
11712 118
11712 ins.
114 1174
IIOI4....
112>aSep'04
112 1124
88 ....
87 4
87 12 J'ly '04
87
108 110>2 10?38Sep'04
103 4 lo7a»
114 ...
123 Feu '02
107
110 J'ne'04
110 110
111 ..
115 Jan '03
113*8...
116 Sep '04
110 116
1104ll"'S'a
110 la May'04
93 Dec '03
901a.
1063j
Ill
9934
8734 Hale
"-J
1
1151a.
117
1124117
11534 Sep '04
122 1*.
J'lv'OO
J-D
104 la Sep '02
A-O
110 May'04
118 ...
117 12 Sep '04
99 "2 100 »8 100<vSep'04
111 ...
112 J'ly '04
FA
J.J
A-O
110 110
112i4ll7'a
98 1004
lio 1124
10938...
Its
100
M-S 100 14
J.D 121 Sale 121
Mar
J-D
A-O
100
115
go
10534 Sale
10534
114
110
114
HI
94
111
108 110i«
1064
101
1]2>« 115
10534
Sep '04
May'04
Sep '04
Aug'04
107
96
lt)9
102
122
93
111
Sep '04
122
92
93
93
109 7g 109 la Aug'04
92
J J
FA
J-J
AG
1034 10734
FA
FA
96
91
90 la
92
90
9012 12 86
881^ 893^ 90 la Sep '04
90 4
81
7334 78'', 78 14
82 4
79 "85 68
95«8
951*
95i4Sep'04
94
112 113
l]l>a lllia "i 106 '4 113
94 14 93
1 9134 94^,
93
ibs" lOoSg 105
1051a 209 00^4 106
"' 10412 104
lOO'ig 104
May'04
107 Sale 10614 10734 56t*i 944 10734
10oiaSep'04
9634 105 4
103 Sale 103
103 14 38 0S4 10.{l4
124 12412 124
3 1'20'4 125 4
124
117i4Salo 117>4 117 . 25 111 1174
99 14 Sale
9914
9938 5:.8 9034 9934
J-J
J-J
llOio
104
J-J
104
118
A-O
J-D
JD
A-O
J-J
J-J
M-N
Registered
1911 M-N
Ore Ry & Nav con g 48.1940 J-D
13568
Jittih,
Sep
96
|9;<
J-J
96
91
1
''4
.
.
Dec '03
112
114'aApr'02
"a
M-N
FA
J-J
J-J
107
J-J
10912
99
95
6434 Sale
M-S
10614 110
6538
1289'
94
94
56
102
'04
'04
95
6S
102
IO6I4II04
90
90
teo'04
79^8 8338
»Z'^ Aug'04
98 Mar' 02
"S'i'i.
A-G IOOI4
11441184
"-J
Jau
Sep
90
96
1004 106
'04
II8I2
109
J'ly '04
6434
102
110
no's.
J-J
AG
MS
Sep
106
OS's
10912 8316
l09i2Mar'03
.
W
'03
loin's
94'
94 12 Aug'04
110 Sep '04
J-J
J -i)
Afk Low
n2>4
Hangt
|S"eI|
W
92 14 Aug'04
XOO Sep 00
11)9
'2
J-J
Tol P & W ist gold 4s.. ..1917 J-J
TolStL& Wprlieng3i28-1926 J-J
Ore Short Line Istg 68. .1922
1946
1st consol g 5s
1927
4s & participating
1908
Utah & Nor Isl 78
114»all634
Gold 5s
1926
117 117
Uni N J RB <fe C Co Hee Pa RR
Utah Central Hee Rio Gr Wes
Utah & Nortli Hee Un Pacilic
Utica & Black R Hee N Y Cent
110 110
Aee Mo P
Ver Val Ind & See South Ry
irginia Mid
Va & South w't 1st gu 53.2003
1939
Wabash Isl gold 68
1939
2d gold 5s
65
831a
1939
Debenture series A
103 12
VQ
1939
Series B
93
91
Ist lien equip s tdg 5s. .1921
Dettfc Ch Ext Ist g 5s. .1941
Des Moin Div Ist g 4s. .1939
10434 10434
1941
Om Div 1st g 3ias
10912
102
T0I& Ch Div 1st g 48. ..1941
105 12 109
St Chas Bridge Ist g 68.1908
Warren Hee Del Lac & West
Wash Cent 6'ee Nor Pac
«ee Southern
Wash O <fc
West Maryland let g 4s. ..1952
97^8 101 't West N \ As Pa istg 5s.. 1937
1943
Gen gold 3-4s
8712 96
Apr'02
M
AO
W& W
"i!
S Fe Pres & PU 1st g 5s. ..194'/ Al-S
S A <fc A P Hee So Pac Co
8F<fc N P Ist sink g 5s. 1919 J.J 104
Sav F <& West Hee Atl Coast L
sciolo Val <fc N K Hee Nordt W
Cent Pao
Ala
I
St Louis So Hee llUuois Cent
St L S
Ist g 4s bd ctf8.1989
2d g 4s inc bond ctts...i>1989
1932
Cousol gold 4s
Gray's PtTer Ist gug 58 1947
8t Paul <& Dul Hee Nor Pacitic
& Man 2d 6s.. .1909
St Paul
1st consol gold 6s
1933
itegistered
1933
Reduced to gold 4 "as.. 1933
Registered.
1933
Dakota ext gold 6s
1910
Mont ext 1st gold 43
1937
Registered
1937
E Minn Ist div 1st g 58..190S
Nor Div Ist gold 4s
194b
Minn Union Ist g 6s
1922
Mont C Ist gu g 68
1937
Registered
1937
1st guar gold os
1937
Wlii €& S F 1st gold 68..193»
3t P <& Nor Pao Hee Nor Pac
St P <fe S'x City -See C St P
<feu
Salt LakeC Ist g sf 6s. ..1913 J-J
W ist gug 58.. ..1941
N
9612 A^ig04
M
N
<&
Spok Fails
KCFtS&MRyrelK48l936
KC&M K&Bislgu 58.1929
A<fc
W
6'ee L <& K
& Nor ist g 6s. 1939
Stat Isl Ry 1st gu g 4I28..I943
Syra Bing ANY See D L & W
'Per A 01 St L 1st g4i28.. 1939
S
St L, & s i'ran 2d g 6s CI B 1906
190(i
2d gold 6s Cla«s C
treueial gold 68
1931
General gold 5s
193J
St L,<fe S t' liK cons g 43. .'90
Southw Uiv Ist g 58. .194
Kefundiug g 48
1951
5-year gold notes 4i2..190r
K C Ft S & cou K 0S..192S
Seaboard Air Line g 43. ..1950
CoU tr teluud g 6s
1911
Car Cent 1st con g 48...194S)
Fla Cen <fc Pen ist g 6a.l9i»
Ist landgrextgSs... 1930
Consol gold 5s
1943
Ga& Ala Ky Ist cou 5s 01945
Ga Car cfe No Ist gug 58 1929
8eab& Roa Ist 58
1920
Bher Shr & So .See M K & T
Sil Sp Oca & G Hee Atl Coast L
Sod Bay & So 1st g 58
1924
SoCardbGa 6'ee Southern
SoPacCo— Coll tr g4H2S..1905
Gold 48 (Cent Pac coll).A;194l)
Registered
&194'J
AO
E&
Wov'97
120 Oct '01
112 >2 Dec '02
119
Ist cou 38.1927
1997
Keaiiiuj? Co een g 48
KeRistereil
1997
Jersey Cent coU g 4s. ..1951
KeDsselaer dfc Sar See D <fe U
Boch
of Cal Isl
Ist g 6s series
F...r.)12
Ist gold 6«
1912 A-O
Isl con guar g 5s
1937 M-N
Slanii)e<l
1905.. .1937 Im-n
SPacofN Mex Isl g 68.. 1911 Ij-J
W
Pitts
Pitts
I0.ii«
««
Wtek^i
Range or
Latl Sale
Price
friiiav
October 7
iHl gohl Os
110
110
...
10l<>8...
Si L
Peri' Miirci— CUJo
J<lnit<Ji
KlJM
».£
N. Y.
1
Uia
Utah Ao Low High soutliem Pac(;« ( Vonltnueti )\
1 "a Sop '04
lllialll^
H <Sc TC Isl g&H nil gu.. 1937 J.Jl 1I2>«
108^...
102 >.j...
108 Ki...
STOCK EXCHAXGE
Wkkk KNI>INi, octobeu 7
[Vol. Lxxrx.
Low
111»B...
lOiia* ...
Jiange
Since
January
Nasli
<fc
/syc
ct Kasi
A>
Ist
i!<)lit4Hj8
Pek Uu
•2tl
1,
CCc
WreU^i
Range or
Last Kale
tvidav
October 7
—Concluded—Page 4
94"-;
97 110
97i4l017e
loo's 10034 151
99 14 Mar'03
"88 \ '88'i 88»8
883^
8834 15 84
10S»8
107 Aug'04
107 107
103 "s
100 12 1033,
103 Sep '04
1127„ 113'-. 113 "2 Sep '04
1063811812
107 109
107 Aug'04
105 108
105 "a
1 05
Dec '03
104*8
103>al03i2
1 03 H. J'ly '04
A-O
J
J
AO
84^8 Sale
II8I4
94'-j
<ii943 Nov
Income 5s
West No Car Hee South Ry
W
VaCentifc P Istg 6s. .1911
Wheel'g & L E Ist g 5s. ..1926
Wheel Div 1st goHl 5s.. 1928
Exleu <$! Imp gold 58. ..1930
1922
20.year equip s f us
1949
1st cousol 4s
Wilkes <fc East 6'ee Erie
Hee St P
&M
WU & Sioux F
Wis Ceut 50-yr 1st gen 48.1949
84%
84«B 87
11734
84^
115
II712 1173i
963g Sep '04
40
96»»
93
Mur'Ol
J-J
11134
1
A-G
llO^-s
112
J-J
1091a
10712
10034
111 112
I09>4ll4
lliii4.MHy'04
1
Sep
2
'04
Apr '04
U-S
90 S, Sale
lltH«UO<*
109 109
Apr'04
100 103
Aug'04
92
9014
90 ii 46 86
J.J
91 Is Sale
90Tg
913,
102>4
7024
FA
J.J
109
100
"a
M
59
884
9134
MIMCEIJ.ANEOLIai BO.NOS—Conclu«led.
Mnnufaccnring lie InduMirinl
Consol Tobacco 50.yr g 48.1951 F.A
1951
Distil Sec Cor conv Ist 508. '27
Distill of Anier coll tr g us. 191
lU Steel Co deb 5s
1910
N0U.COUV debeu os
1913
Int Paper Co Isl con g 6s. 1918
lut St Pump lo-yr conv. 63 '13
Knicker lee (Chic) 1st gas. '28
Lackaw Steel Ist g 58
1923
Nat Starch Mtg Co istg 68 1920
Nat Starch Co s tleb 58.. 1925
man Rope & T Ist g 68. ..1946
Income gold 58
1946
U S LealhCo s tdeb g6s.. 1913
U S i;ealty<ft I conv deb g 58 '24
U S Steel Corpcoilrvid 68.(i'6b
Registere<l
April 1963
Registered
1
Mo
PA
miscellaneous
72S4
7334 1178
723^ Sep '04
68
71
197
73 14 Sale
A.O
6834 Sale
J.J
J-J
964
834
924
A-O
FA
J-J
A-U
A
M-N
J-J
FA
M-N
J.J
.M.X
109
108
103
101
>,
Sale
14
,
90
63
39 4 Sale
,
99 Sep '03
99 Jan '99
92 Feb '04
109i4Sep'04
102 'g 103
974
97 4
101 14
100
90 Sep '04
64 Sep '04
89 4
394
M.N
price Friday; latest bid and asked.
90
82%
84
84
14
aDueJan t^DueFeb
92
1064 1094
97
103
974
97 4
9238 10238
87
90 4
>>4
66
33
47
14
4I4
1073«
3509
4
e
1124
80
913,
83 14
Sale
Sale
B'kl'n FerryCo lsicousg>')S'48
92
3 4 Sale
34
^\
112 Sep '04
1124
90
84
1948
774 Adams Ex col Ir g4s
723s Am Dk <& Imp 6s ^ee Cent N J
1920
614 744 Am SS Cool W Vag 53
6334
5734
6834
92
84 14
6,>34
Chic Jc<fc St Yard col g 58. 1915
DetM & M Idgr incomes.. 1911
Hoboken L <fc 1 gold 58. ..1910
Mad Sq Garden Istg 5s. .1919
Man Bch H & L gen g 48. 1940
Newp Ne Ship ifc D l)5sdl990
N Y Dock 50yr Ist g 4s.. 1951
St JosepliStk Yds 1st 4 4s. 1930
St L Ter Cupples Stat'u * Prop
Co 1st g 4 43 5-20 year. .1917
S Yuba Wat Co eon g 68..1923
Sp Val Wat Works 1st 68 1906
U S Red & Ret ist s 1 g 6a. 1931
.
MS
MN
102
4103
F.A
J-J
AG
11 100
103 4
61
66»4
S3"'
10034 J'no'02
65
100
63 4 Sep '04
111 Mar'Ol
80
50
M-N
M-N
M-N
Sep
Feb '02
'04
'764'
J-J
FA
904.
90 4 Sep
'04
894 914
J-J
J-D
J.J
841.
Due Mar
ct
Due Apr /iDueJ'ly
i^
Duo Aug
M-S
984.
Due Oct p Due
112 J'ly '04
113 4 J'ly '00
70 Sep '04
I^or
112
112
70
70
^Dae Dec jOptionaaJa
—
J
.
THE CHRONICLE.
•Oct. 8, 1904.]
Volume
of
Business at Stock Exchanges
TBANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY. WEEKLY AND YEABLY
Stocks
Week ending
Sadroad
Bonds
October 7
Par value
Shares
iyv4
89,568,950
62,361,800
757,583
Friday
Tota,l.
•
Sales at
Sew York
120,2154.800
Stock
1,000
$12,000
1 to October
7
100.523.697
126,637,068
2,805,854
5,859,968
$536,691,150 $261,811,075 $9,303,492,225 $11,847,900,450
$497,600
$470,800
$21,200
$12,800
shares, par..
Par value
Bank
BB. and mxs. bonds
Total bonds
$12,000
836,000
23,286,000
$36,500
16,000
16,175,500
$586,680
11,793,840
567,314,900
$9,272,350
397,600
513.946.300
$24,134,000
State bonds
$16,228,000
$579,695,420
$523,616,250
DAILY TRANSACTIONS AT THE BOSTON AND THILADSLPUIA
EXCHANGES
Philadelphia
Boston
Monday
Tuesday
Wednesday
Thursday
Friday
Total
.
6
40
58 1949.. ..M-S 5103
H
89
St Joseph Gas 5s 1937. J-J
45
66
104
91
Telegrr «fc Telephone
1IAmerTeleg& Cable 100 90
98
BeUTeleph of Buttalo 100
IJCentral <fe So Amer. 100 106
92
100
107 Hi
65
Cong
Bond
Unlisted
shares
Listed
share*
OnlisUd
Bond
shares
Listed
shares
sales
llCommercial Cable ..100 200
Commer Un Tel (N Y).25 115
Emp <fc Bay State Tel 100 78 82
62
47
100
Franklin
,100 118 121
DGoldcfe Stock
1I4H2S, 1906
92
Hudson River Teleph 100 88
J Teleph. ..100 156 159
UN
Chan; e list
6s 1920 See Stock Ex
123
H North western Teleg. 50 120
82
78
25
Pacific <fe Atlantic
103
H Southern & Atlantic 25 100
Y&N
sales
14,327
37,374
35,444
54,805
42,320
39,167
3,596
12.703
10,587
11,435
15,477
12,440
$24,500
36,500
24,060
48.000
41,000
31,000
10,180
22,667
24,748
44,081
45,809
35,415
12,225
25,874
21,691
16,576
12,146
7,230
$84,600
89.600
153,500
119,800
115,500
133,200
223.437
Saturday
102
3
A-O
1IO& IndCNatife lU .100
J-D
Ist 68 1926
Pat & Pas Gas& EleclOO
66,238
$205,060
182,900
95,742
$696,200
Electric
Companies
155
183
Chicago Edison Co.. .100
HKingsCo El LcfePCo 100
Narragan (Prov) El Co 50
NY & Q El L&PowColOO
Preferred
100
UuitedElectrioof N JlOO
Weekly Review
of Outside
22
77 H/
Railways
Bid
NEW YOKK CITY
31
Bleeck St& Ful F stk 100
Tll8tmort4s 1950
..J-J
93
242
104
Ask
33
96
248
107
f B'y <fc 7th Ave stk ..100
1I2dmort 6s 1914 ...J
Con 6s 1943 See Stock Exch list
B'way Surf 1st 58 gu 1924 «108 110
2d 6s int as rental 1905 i 99>2 101
UCent'l Crosst'n stk.. 100 330 350
121
UlstM 68 1922 ...M-N
1ICenPkN& ERstk.lOO 205 210
185
^Chr't'riS! 10th St stk 100 177
Col& 9th Ave os See Stock Exch list
an
Dry
D E B & 3—
111
S9
Hist gold 53 1932. ..J-D
11 Scrip 58 1914 ....F-A
Kighth Avenue St.. .100
H
USCrip 68 1914 ....F-A
1l42d<fcGrStF'y8tk..lOO
390
105
390
i2dStM& StNAv..lOO 60
Ulstmort 68 1910 .M-S 104 "s
80
1t2d income 68 1915 J-J
IhterboroughRapTr.lOO 147
Lex A V
& Puv F OS
See St k
Metropol Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
fllst mort 5s 1909 Jl-N
F-A
ConsolSs 1948
llSixth Avenue stock 100
Sou Boulev 68 1946. .J-J
So Fer 1st 58 1919. ..A-O
Third Avenue See Stock
P & M 5s 1928
Tarry
Exc
Stk E
Stk E
185
205
114
101
405
106
405
70
107
85
148
list
X
list
X bst
Street UailMrays
Lake St (Chic) El stk. 100
*-J
Ist 5s 1928
TJLouisv St 68 1930.. J<feJ
Lynn& Bos Ist 63 '24. J-D
New on RysCo
100
100
Preferred
Bid
Ask
112»4 113H2
ni3
97(
27
77
29
80
80
105
68'2 59
23
79
81
75
76
n073( IO8I4
5113 114
l8t4s 1948
ConsTiacof
M-N
N J...100
J-D
Ist 58 1933
New'k Pas Ry 6s •30J-J
Or&Newl8t6s'05A-O noo
101
Essex Pas 6s 1905 M-N JlOOVi IOIHj
Rapid Tran St By.. 100 250 265
A-O nio
Ist 58 1921
20
J C Hob<fe PatersonlOO
M-N 77 80
4s g 1!U9
104 106
80 J Gas El & Trac 100
Gug5s 1953
MS no2
No Hud Co Ry 6s'14J-J 5113
J-J 5110
5s 1928
M-N 5104
Ext 5s 1924
103
105
192
Asie
HO
65
85
92
I.
60
15
65
66
6I4
4H>
Cons Ry Ltg&Refrig.lOO
I4
1
Consol Rubber Tire. .100
834
10
Debenture 4s
10
Cons Storage BatterylOo
ContTobac deb 78*05 A-O 5101 102 "4
Cotton Oil<feFibre,pref.25
Cramps' Sliife En BldglOO
HCrucible Steel
100
UPreterred
100
3
t
6'.
7
43
Cnban
43 Hi
lltlUj 103
bs of 1896....
IJDiaraond Match Co. 100
Dominion Securities. 100
Electric Boat
100
Preferred
5
21H>
133
20
44
76
13L
38
69
100
Electric Lead Reduc'n.50
»4
Preferred
50
Electric Vehicle
1 00
Preferred
100
Electro-Pneum'ic Tran 1
Empire Steel
100
Preferred
100
IHj
16
lliHi
Hi
23
24
5
6
32
38
55
97
48
HGeneral Chemical ..100
94 H
100!
UPreterred
Gold HiU Copper
1
h
Greene Consol Copner.lO t 20 '4
Greene Consol Gold... 10
12
Hackensack M eado ws 1 00
10
Knick'b'ker Tr Co reot s
Hackensack Water Co
Ret g 4s 52 op 12. ..J-J 593
76
Hall Signal Co
100
8
Havana Commercial. 100
15
Preferred
100
Havana Tobacco Co. .100 25
36
Preferred
100
Hecker-Jones-Jew'l Mill
M-H 102
Ist 6s 1922
I4
Herrin g- Hall-Marvin 100
30
l8t preferred
100
2
2d preferred
100
Hoboken Land<fe IiuplOO 200
M-N 5102
1I5s 1910
1
Houston OU
100
11
Preferred
100
90
Hudson Realty
Internat'lBankingColOO 160
6^4
Int'n'l Merc Marine. 100
20
Preferred
100
76
Col tr deb 4 H2l922op*07
19
International Salt
100
57
1st g 5s 1951
International Silver. 100
30
Preferred
100
Ist 68 1948
J-D 5 99Hi
S'e
t
Lanstou Monotype
20
Lawyers Mort Insur.lOO 185
Title Ins. ..100 315
Lawyers'
Lord <fe Taylor pref ..100 101
1|Lorillard(P)pref ...100 115
h
92
9
63
list
list
IOI4
70 '4
83 >8
64
NEW YOKK
106
'BltlnQCo& Sub 6.'«eStk
IBklyn Kap Trau See Stk
Excli
I^xch
list
list
1st COU80I 68 1948. .J-J 5 108 Hi 100 '4
N Y (J EL HJfcP See Stock Uxcli li.st
TlConey l8.<k Hklyn ..100
l8tcon.4g48 1948. .J-J
Brk<J& N 5h 1939. J-J
340
350
Brooklyn City stock... 10 238
Con 6» See Slock Exch list
Bklu Crossln 5s 1908. J-J 102
BluiHgtel8t5s 1941 A-O 104
Gr8l<feNewl8t53'06F-A
Or'pti&Lorimer St Ist 68
104
241
100i< 101
113
100
104
115
Co. Elovatedl8t 48 1949 See Stock Exch list
100
Na.ssau Eleo pret
76
A-O 110 113
6s 1944
lst4.t 1961
Sec St k Kxc h list
Wb'g&Flatl8tex4>28 101 101
Bteiuway Ist 6s 1922. J-J }116
Kings
N
OTHER CITIBS
NY
East River Gas—
let 5s 1944
J-J 5111
Consol5s 1945
J-J 106 Hi
N Y&Riclimond Gaa.lOO 35
Nor Un 1st 6s 1927. M-N 5 104 Hi
IJStandard Gas com ..100 130
^Preferred
100 156
l8t 68 1930
M-N 5110Hi
h
list
list
X list
310
<fe
OTHKU
Amer
Light
Preferred
&
106 Hi
160
170
112 Hi
62
04
U434
95%
95
98
191
4
193
Exch
Exch
list
list
Tract. 100
100
Bay State Gas
50
Biugliainton GaH 5h 1938
Brooklyn Union (*as dfib
Consumers'
113
108
crriEs
Bullalo street Ky—
Istconsol 68 1931..P-A {112
113
68 1909 conv '07. ..MS
Deb 68 1917
A.O 510534 107 >-, Buflalo City Gas Htockl 00
Chicago City Ky stk. loo 170 178
Isl 5s 1947 See Stock
Chic Uuion'lYac,Se«Sfck Exch list
Chicago Gas See a V Stk
Cleveland Electr Ry.lOO
73
74
CoUHolGaaofN J
100
Columbus (O) St Ry..lOO 96
JJ
97
Ist OS 1936
Preferred
100 108-'4
Colum Ry con 58 See Ph ila list
Crosst'wn lst6s'33.J-D {108
Brand Raplda Ry
6934
100
Preferred
86
100
110
LU
<fc
Pow—
"^ifl
i
591
1-D 5110
68 1938
U3
Co
96 Hi
87
43
100
100
3
R
Coal. .60
.
3
18
100
170
O^
20Hj
77
21
69
t
lio
116
Hi
14
67
l"*
9
59
105
420
9
35
100 Hi
»l
190
320
104
t
t
Mining
4Vl
it
9
I'a
1
102
14
14
43
5s
Oil' o'f
'n
'J
'.
18
48
7
7 '4
l"*
3
I -4
4^4
Hi
36
96
18
36
98
20
1
24>s
f
44''b
24 Hi
45
16
67Hl
15^4
0T\
t
y9
132 H. 137 Hi
105 107
61
63
175
180
75
643
Am
«
27
75
550
28 Hi
lL'5
9
31
76
648
Si
Storage Power
60 t
f^ift & Co See Boston St k Exc
Tlst63 1910-1914. ...J-J 5 101 ''6
Tennessee Copper
25 t 32
75
llTexas <fc Pacilio Coal 100
Ist 6s 1908
A-O 5105
Title Guar <& Trnst ... 1 00 625
Title Ins Co of N Y..100 165
Tonapah Mln (Nevada). 1 t 8V
12Hi
Trenton Potteries com 100
77
Preferreil new
100
Trow Directory new. .100 05
Union Copper
10
Uuiou Typewr com.. 100
%
h'ge
102
33
90
110
53.>
160
8%
14
f<0
75
1
»4
t
00
100
UnitBoxboard*; Pap.lOO
82
112
112
79
110
109
1
l8t preferred
2d
1
i)rof erred
<!
100
4
100
U S t;ottoii Duck
U S Kiivoiope coni...lOO
73
100
UPreterred
U S Reali v.ft Imp See St'k Exch
U S Shipbuilding (wi)... 10
CO
Preferred (w i)
IHi
11
Preterre<l
o cert if H
S Steel Corp
Hi
48
^32
Seminole Mining
5 t
Simjison Crawford Co 100
Deb s f 6s '24 op '06.. J-J
Singer MfgCo
100 500
Standard Coupler coml 00
Preferred
100 110
7H:
Standard MUling Co.lOO
28
Preferred
100
Standard'
Hi
80
130V 134
1
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal
100
Preferred
100
Pratt & Whitn pref.. 100
Realty Assoc (Bklyn)lOO
Royal Bak Powd pref. 100
Russell <fc Erwin
25
Safety Car Heatcfe LtlOO
2'i->i
75
124
42
105
100
100
100
HOntario Silver
Otis Elevator com
Preferred
4
13
100
IJPreferred
!•>
t
50
5
2<»
XO
list
29".,
3(1 Hi
See Stk K X llHl
5 1 09 Hi 110>1
1 opt '11
18
Col tr s f 58
5 109 Hi llOHi
Col tr a f 58 '5 1 not o))t
63
6
7
Kxt'r. 100
IHi Universal Fire
1
Uiiivorsnl Tobacc<i... 100
10
118
U
new 5»
•;")
%
Preferred
59 H.
Westchester
116
2
100
Bronx
Title* Mort Guar Co. 130
Westingh Air Brake. .50
it5
White knob Mining. 10
95
«7Hi Worthing I'ump pref 100 121
6
ct
i'O
Gas
50 t
90
Gas Lt Co. 1 00 200
Knsex <& Hudson Ga8 100 112 116
91
86
Btiyer pays aoomed Interest. 1 Price per thare. | Sale price, a Ifix rlKbt4. xlCxdiv, D sells on Stock Bxoliaogo. but not a very active
TIDelroit City
61>2 Elizabeth
105
8
t
Construe, pf 100
Mosler Safe Co
100
UNat Enam & Stamp 100
llOHi Phoenix
Itllscel
100
Cent Fireworks com. 100
Preferred
1 00
Central Foundry
100
Preferred
100
Deb 6s 1919 op 'OlM-N
Century Realty
100
CliORelirough MfgCo 100
11Chillln(H B) Ist pref 100
100
J12d preferred
TlConimon
100
5
20
Nor AmLum'r&PulplOO
77
1
Camden Land
Celluloid
1
40
60
National Surety
100
20
TJNew Central Coal
N Y Biscuit 68 1911. M-S
99 \, N Y Mtge & Security. 100
HNew York Dock
100
IJPreferred
100
112^4 N Y Transportation... 20
105
IIH. 12
49
50
100
UAiuer Bank Note Co. 50 Ixj4H2 06
American Can com.. .100
O-'t,
48
49
Prelerrcd
loO
American Chicle Co.. 100 101 103
91
93
Preferred
luo
1
American Elevated
Malting 6s 19 4. J-D 103 H, 104 H2
Amer Press Assoc'u.lOO So 100
Amer Shipbuilding... 100 27
95
Preferred
loo
4
Am Soda Foun com.. 100 2
67
72
1st preferred
100
11
14
2d preferred
100
170
American Surety
60 164
Amer Tobacco (out).. 50 250 500
Preferred
See stock Exch list
Amer Tobacco (new)
225 250
Common (w i)
86I4 87
Preferred (w i)
64
48 (w i)
64 Hi
107
lu7^4
68 (wi)
Am Typefo'rs com... 100 30
Preferred
88 Hi
100
3I4
Amer Writing Paper. 100
3H!
Preferred
liiH.
17
loo
77
68 1919
78
J-J
20
HUaniey&SmCar ...100
118
1 00
1| Preferred
BI188 Company com
150
60 130
Preferred
50 130 145
Bond* MtgGuar
100 475 525
Bonlon's Cond Milk.. 100 120 121 Hi
I'rrfrrreil
100 110 Hi
Am
Cent Union Gas Ist 5s.. 5108
Con Gafl (N Y) stk. 6'ee St k Exc
Conv deb Gs ctfs iS'ecStk Exch
Equit6ascou6sl932 See Stk K
100 290
TlMutual Gas
New Amsterdam Gas
li
41
1954
and
38
105
3t/38
Preferred
8614
Industrial
16
35
27
72 Hi
10
Mont & Boston Consol .6
106
90
26
.
94
82
30^4
Monongahela
Term Ry—
Alliance Realty
HAUis-Chaliners
11 Pref erred
201a
10
16
15
..100
MN
4
Deposited stock...
Prior lien g 4 H2S'30M&S 5102
88
Con mtg g 58 1930.J&J
20
Income 58 1930
Chic R I & Pac— Ref g 4s
1934 op to 1911. ...A-O 5 93
Erie con v48Aprr53AcfcO 5 88
N Y Cent deb 4s '34.M-N 99 »8
Northern Pacific
100
141
When released
Northern Securities.. 100 112 14
Pitts Bess* L E
50 t 32 Hi
Preferred
50 t 74
Seaboard Air Line
96
Colltr5sl907 op. ..M-S
South Pac pref (w 1) .lou 116't.
35
Va<fe Southwestern. .100
1
Mackav Companies
Mei Nat
Railroad
Chic Peo & St L pref. 100
Pitts
\
Preferred
100
Madison 8q Garden.. 100
2d 6s 1919
Manhattan Transit
20
60
Hi
Craa Securities
113
83
90
108
110
31
90
2dg4sJune
105
HI
list
mort 68 1919...J-])
lstg4sJunell954.J-D
101
BROOKLYN
68 1909.. A.O il02
A-O 110
Con 68 g 1931
Imut us See Stock Exc list
BB& WE53 1933.. A-O 102
5
IfUniou Ferry stock .100
ai-N
11 1st 58 1920
Wabash
W
tlau Ave
75
87
5106
<fe
Hob Fy Ist 5s 1946 M-N 5108
N YcfeNJl8t58l946.J-J 5104
45
lOth <fe 23d Sts Perry 100
1st
»\
4^28 1952
J-J
76
North Chic Str stock. 100
Pub Serv Corp of N JlOO 103
Tr ctfs 2% to 6% perpet
North J ersey St Ry 100
N Y & E R Ferry stk. 100
M-N
Ist 5s 1922
N Y Hob con 5s '46. J- D
89
25
78^,
5
B<fcNYlSt68 1911.J-J
Con 58 1948 See Stock Exch
95'.,
i
Pat City con 6s '31. J-D 5122
210
2d 6s.... 1914 opt A-O 5100
no2'-, 103112 Rochester Ry pref ...100 a!99
113
Con 5s 1930 See Phila bst
176
2d 68 1933
172
J.D 5104
no2 106 So Side El (Cliic) stk.lOO 91 >2
Syracuse Kap Tr 58 1946 H04
5105 108
Exch List
U nit Rys (St LTrans) 100
8
106
Preferred
100
103
6m2
Gen 43 1934.... See Stk Exch
VkersStRR 5s 1946A-0 106 107
114'2 UnitRysSanFran SeeStk Kxcli
28th <fc 29th St« Ist 6s '96 8112
Wash Ky <fe El Co.... 100 16 •«
llTweuty-Tli'd St stk 100 390 400
70
J-J
99
Preferred
90
100
Deb 68 1906
4s 1951
J-D
83 Hi
Union Ry Ist 68 1942 F-A 109 112
62
Westcliest Ist 5s '43 J-J 104 loo's DWestChiaigoSt ....100
HCong 68 1936.... M-N 84
i
Bid
i
'-2
4
106
Brooklyn Ferry stocklOO
Market will be found on a preceding page.
attreet
56
54
86
J.D
Ferry Companies
Outside Securities
187
a;9i
48 1949
A
InduMtrial anil lliscel
Col <fe Hock Coalife I pf 100
J-J
1st e 5s 1917
Compressed Air Co. ..100
Consolid Car Heating 100
llCons Firew'ks com .100
100
IJPreferred
>
BONDS
•So vemment bonds
Week ending
October 7
1904
H & Pow— 5100
08 1938
Stocks—N 0. shares
1451
Ask
Gas Securities
Bid
66
62
Fort Wayne 6s 1925. .J-J
32
28
El Bergen Co. .100
Gas<fc
Grand Rapids Gas
P-A 5101 103
1915
Hist 5s
93
91
100
Hudson Co Gas
See Stock Exch U8t
58 g 1949
Indiana Nat <fe 111 Gas—
M-N 42
46
Ist 6s 1908
50
65
Indi.anapolis Gas
M-N 5106 107H2
Ist 68 1920
50
81
Jackson Gas Co
98 102
A-O
_sg 1937
12
16
100
Kansas City Gas
98
A-O
98's
115s 1922
81
100
HLaclede Gas
80 100
100
U Preferred
63
58
Lafay'eGasl8t6s'24.M-N
45
40
Logcfc Wab V 1st 6s'25. J-D
109
Madison Gas 63 1926.A-0 5106
Newark Gas 68 1944. Q-J 5 135 Hi 136
Newark Consol Gas.. 100 78
S.D 5108 108 Hi
HOongSs 1948
No Hudson L
1903
1904
1903
1904
Exchange
$7,000
4,000
$836,000
January
Week ending October 7
8
Bonds
$59,000
169.500
120.000
128,000
12M,500
231,000
$23,286,000
1,349,59H
1,332,248
1,000,057
$39,879,200
96.402,200
128,214,200
17
Bonds
5,859,968 $536,691,160
Monday
Tuesday
Wednesday...
Thursday
State
<S:c
$2,056,500
4,398,500
5,797,000
4,702,000
3,290,500
3,041,500
411,392
1,009,090
Saturday
—
—
—
.
150
134
»
iv*
=•«
1264
seourltr.
4
iiUSTUM STOCK EXOHA.NaE-Stock Record,
Share
Saturday
Oct 1
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....
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l'22 4*"eb24
122 4 Jan 5
119 14 Feb 19
230
125
8,160
272
16 4 Oct .
81 4 Sep 20
71
34
17
Mar31
6
27 4 Sep 10
13438
136
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Not
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1614 Dec
8=8
1188
9 Not
66 4 Not
3 Sep
12
3.19'J
l,2d2
55 230 Feb 20 265 Aug22 223 Dec
463 al5l J'ne22 1^784 Jan 22 138 Sep
3738 Mario 444 --^uglS 30 J'ly
550 7734Marl4 844 A,jgl5 744J'ly
12 173 J'ne 2 188 Oct 5 I6434 Aug
260
14 Oct
14 Apr 30 2 Jau 25
240 118 Feb23 131 4 Sep 15 121 Not
9 Apr
Marl4 4 Jau2e
50
1
210 10 Mar 25' 17 J'ly .
255 2(18 Mario 223 J'ly 13 197 J'ly
47u
64 Dec
64 Jan 19 878 Apr 14
108 .19934 Mar 21 105 '4 Oct 7 99 J'ly
50 224 J'ly 18 22 4J'lyl» 25 J'ue
25 Augl2 25 Augl2 28 J'ly
1=4 Jau
2 Jau Iti
26
2 4 Max2a
806 95 Feb 8 113 J'uela 91 Aug
38 4 Oct
802 464Feb26 63 Sep 2
927 28 Jan2& 31 4 Sep 21 27 Aug
7 Sep
200
6 4 May 12 10 4 Sep 2»
75 77 Jau 16 877eOct 4 7134 Oct
9 Oct
200 1034 Feb 6 24 4 Oct
40 4 Jan tj 783, J'ly 19 33 J ly
sag May 13 19 4 Oct 4
10 Nov
12,9S8
4934 Nov
27,6'<6 6l4Mayl3 7634 Oct 4
20 •50 Apr 12 •75 Janl4 •50 Jan
64J'ue 3 15 Aug
7 4 Not
56
153 76 MarU 94 J'ly 19 71 Oct
145 753, J'ne28 85 Jau 21 67 Oct
3034 Oct
6 t90 4Aug « 100 Jan 15
l,b5y
1,205 •75 Aug 3
16,245 d33i8 Max 8
43 Feb 8
29,s54
•
43^ Sep 28
15 4 Sep 27
tj24 Oct
Mar21
Maris
1
Feb 23 134Aug22
1538Feb24 24 Sep 2ti
loo •25 Feb 2
14 J'ly 25
•75
8
2,470 •20
88
5,313
J'ly2(j •75
Feb 11 14=4
7
Mar
19
1,350
2
Mayl4
400 •39
6 4 J'ly 26
Jau
84 435
50
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4
7
J'ly 15
4 Apr
6
134 J'ne27
7 J'ne 2
2=8 Mar lb
lu •62 4tebl5
tj 4 May 21
3,^94
3 Feb 25
1,765
lOu •45 J'ly 15
4u0
Oct
7
284 Oct
7 4 Sep
Mai
Feb
37'4 Feb
96 Jan
2»«8 Apr
225 Jan
42
180
17.^4 -Mai
Mat
2124 Feb
91 Ma;
232
Jaa
Jan
Jan
8434 Jan
104 4 Jan
86
71
25
104
96
4 Jan
Jan
Feb
Feb
Feb
2638 Jan
52 Jau
150 Jau
178
97
116
Feb
864 Feb
7 Mar
24 Mar
1344 Jan
123 4 Dec
169 4 Feb
147e Feb
794 Jan
26
75
Jau
124 Apr
•75
25
6
9
12
63,
•35
8,-.5ii
21-34
Feb
1
520 rfJO Aug
7
Sep
26 4,0^3
100
334
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6 Marly
18 Jan 4
8 4 Jau 4
30 Jau 2
2 4J'uell
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5
1,2.->1
69 Jan 6
Feb .3
^v -V
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6,065 ./v
60
574 Jau
3979 Feb
89=8Jan
80
.Mar
28
102
108
110
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Feb
Feb
Jan
IS
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84 Mar
75=8
1
1234
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Sep
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12 4 Aug3(
43=8 Sep
4=8 ^ep 19
10=8 Aug-i9
'i
Feb
12732
16
Jau
-Mar
75
Oct 131'8 Jau
Oct 118 4 Feb
Oct
5 Mar
Jly 14 Feb
64Jli-
6 4 Apr
3 Jau
17 4 Feb
3
J'ly
18
•50
Dec
Dec
2 4 Jau
114 teb
J'ly
58
8
43,
31
Dec
2
Not
•Jj
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Nov
J'ne
Oct
7
Mar
31 '8 Feb
9 4.1'ly
Feb
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J'ly
33, J'ly
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2 178 Oct
SO
•25
25
Apr
Mar
4 Feb
Mar
314 Feb
Sep
6 4 Feb
Api •95 Mar
lo4Sep
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.
Oct
5
111 Jaa
63 Jau
31 4 Feb
15 4 Feb
95 4 May
18 4 Feb
J'ly 551
•08
y=sSep
»7
29
Jan
Feb
Jau
2034 Jan
2934 J an
237
10
132
Out 14 4 Feb
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7
20
St^P
1=8
4834
40
59 4 Sep 1.'^ 37
36 Jau 2 31
72 Jan 2 69 4
113 Jan 2 106
3
Dec
34v'an
Feb
Feb
Feb
8-1 '6 Feb
19l>
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2 4 Jaa
139 Jan
20 Jan
310
204
1
Sep
525
»>
's
Mm
Jan
Jan
1964 Maj
170 Mai
.'86
Feb
148 4 Keb
39 4 Jan
83^2 Jan
125
100
b
J'ly 16
•55
2
3334 Oct
•50
Feb
6 Jau
15!%.riy
Aug30
Apr 8
22^ Stp26
5 4 Oct
Aug23
1
l,73;i
34J'"<"10
7 4 Oct 1
3.0IO 34 4 Fub 8 4834 Sep
24 Jan 19 6", Aug30
400
UniteilStatf 8 Mining 25 lj',052
104 Unit States Coal JiOil 25 1,245
5 8.7oO
41S- Utah Con (Gold)
25 2,060
Victoria
4
25
2u0
Winoua
9
21
Jan
Apr
Jau
Apr
154
250
195
177
305
157
1403, Sep 10 114 4 Oct
634 Oct
9 Feb 19 1538 Oct 5
684 Jan 19 83 14 Sep 29 66 Oct
34J'iy
Mar28 4 Sep 23
534 Jan
34
1124Janl5 1194 >^ep 19 116 Oct 127 Jan
J'uel3 15 4 Oct
6 4 Not 62 4 Jan
2,323
74
5 4 Oct
834 Jan
680
5 4 Jan 23
7 Sep .
2,881
-.3,
J'iy'03 leuuessee.
8 Trinity
Sep
AuglO 107% Oct
Aug30 116 Aug
4 Feb 2
9 d,'6 Jau 25
Feb 25 loo Jan
May^3
2-25 •50
25
14 Apr
14Jue24 2 4 J'ly 15
Cop) 10 2,2.7
3 4 Aug! J
10 3y,2-.'o
94 Jau Is
86 May3 120 Jan 19
23
25
25
Mar'04 United Copper
11
41-V
',
'.'5
25
25
25
267e Parrotl(Silv<fii Copp) lo
Shannon
Tamarack
Teoumaeh
1
1,825
200 •40 J'ly 6
•50 J'ne 9
25
9 V, Feb 9
25 10.031
3,008 53 Feb 8
Old Colony
217e Old
87
Santa b'e(Gold<&
2
377
47
1,5
Montana Coal<b Coke 25
Moulds Boston Olfs
d'8
778
25
-Maytlower
''7'
13,
116
12
203, Isie Boyale (Copper).
6 4 Mass Consoi
134
115
2
Not
1
Atig24 1 1">3 4 Apr 7
Jan 29 232 Apr 21 220 Sep
J'nel3 207 Apr21 196 Aug
J'ly 26 80 4 Feb 1
74 J'ly
Marl7 75 Jan 13 68 Sep
Aagl2 42 4 Oct i 30 J'ly
7 J'ly
40 Jan 15 42 Feb 3 75 Jau
87 4 May 2 5 95 4 J'ly (5 91 4 Oct
65 Jan 6 65 Jan 6
7l^Mail4 104=4001 4 0634 Aug
864 Mar 1 954 Aug23 83 4 Oct
160 Mayie 1G8 Apr2] Zl62 Sep
89 Jan 4 93 Marlb 87 4 Aug
108 Jan 4 1134Apr20 1 08 Sep
16V4J'ly27 17 4 Feb 26 15 4 Not
37 4 J'ly '^^ 40'4 J'lylB 384 J'ly
144 Sep
145 Jau 7 145 Jau
159
222
198
74
68
29
2
6=8
Last Sale •25
Last Sale 3J
7^8
T\
Lati Sale 6
6,607
133
7
75
44 Apr 29
Hlioile Island
115
86
145
272
793
Guanajuato Cousol..
1
1
11 4
24 Jan 21
66 Oct 7 80>4 Jan27
270
5 Apr26 147ei5ep 16
477 185 4M»y25 196 Jau 2
1,722
1,227
Grauby Consolidated. 10 20.123
1
54
J'ne 7
Sep 10
170
1=8
91
l**
1=8
Jan 25
133 J'ne 6
24 V, Jan 2
73 Jan 27
276
HlgKtt
544 AoB 897gJan
1034 Jan
2tl2 4 Feb
27 85 Aag
Ap^2.^ 244 J'ne
i&4 4Sep^jU 134 Adk
240 Apr 23 230 Ang
lti94J'lyl3 161 J'ne
174 Oct 7 170 J'nt
302 Oct 6 290 J'ly
160 Sep 30 133 Sep
124 4 Jan iv no Not
185i4Sep3!' 184 Not
162 4 Jan 4 160 Jau
285 J'nelo 70 Aug
141 Apr 7 131 J'ly
25 Oct
4834 Sep 1
83 Angl8 76 Dec
42 Mar
173 4 May
176 Apr J
4
25
24
KeU2t
25
2% Elm
91
24
14
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12 rlIC4 J'uel5
180 J'ut)14
160 Apr 6
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24 4 26 4
91
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Apr It)
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4 Sep
251
Apr 23 09 J'ly 16
10
4A67 d 14 4 Feb 8 t -29 4 Sep 7
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Centeuuial
Central Oil
90
24
161 15 «
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84
101
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Catalpa (Silver)
C0U8
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204
64 Marl4
167 HK Jan 7
175 2393, J'ne 7
284 Z137 Feb 6
;i 230
Marll
"68S Copper Range Con Coloo 8,225 38 Feb 23
14>4 Daly- West
20 1,585 1034 Aug 1
loo 40 J'ue29
100
Dominion Coal
5 103 J'ly 6
loo
Do pref
109 4
.^"^
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414
13 14
28 4
84
213(,
9
'04
'04
1
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334
1=8
6
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118
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2^-'8
3-8
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47
83
24
144
234
8V,
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4»16
2038
Mar'ii4
United Shoe Maoh... 26
Do pref
25
100
V S Leather
Do pref
100
100
U S Rubber
Do pref
100
100
U S Steel Corp
Do pref
100
West End Land
25
West Telep <& Teleg.lOO
Do pret
100
Westing El Jfc Mfg.. . 50
Do pret
50
iUining
Adventure Con
, 25
AUonez
25
Amalgamated Copperloo
Amer Oold Dredging 5
Am Zino Lead & Sm. 25
Anaconda.....
26
Arcadian
26
Arnold
26
Atlantic
25
HingliamCon Min<& S 50
Bonanza (Dev Co)... 10
Continental Zinc
'5779
109 4
48
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68
14
65
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116
119
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124
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634
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114
61
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334
100
pref
Pullman Co
100
84 Beece Button-Hole.. 10
105 S Swift <& Co
100
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i>r«if
222
t.
:
100
Con<fc Mont Ola»H4..100
Oonn & I'SMS Hiv pref 100
Connecticut Bivor...lOO
Fitchonrg pref
loo
loo
Qa By& Electrlo
Oo vrer
100
Honston El'tric com. 100
.Maine Central
100
MaAi ElectncCoB
100
Do pref
100
Mexican Central
100
N T N H 4 H»rt....lOO
Northern N H
100
Norwich A Wor pref 100
Old Colony
100
P*re Marquette
100
Do pref
100
Ratland pref
100
Sayannah Elec coin..lO0
Seattle Electric
100
I>o pref
100
Teixe Haute Eleo
100
Union Pacific
100
Do pref
100
Vermont & Mass
100
50
West End St
Do pref
50
Wisconsin Central... 100
Do pre!
100
1)0
1<
Latt Sale 75
74 Is 7534
lOlJ
lOit
Salf le^a" Aug'04
Aug'04
Ang'U4 Wore Nash 4 Roch..lOO
lUiscellaneouH
16 14
16
16
16 Amer Agncul Chem.lOO
78
78
78
78
100
Do pre!
•44 434
434
5
Amer Pneu Serv
60
24
24
24
24
Do pref
50
131 1313, 131% 132'e Amer Sugar Betin
100
132-'4
133 133
133
Do pref
100
1394 140
139
139 4 Amer Telep & Teleg.lOO
16
16 V,
15
16 Amer Woolen
100
8I34 82 14
814
814
Do pref
100
Lati Sale 4
Sep '04 Boston Land
10
Last Salt iiy^ Sep '04 CumUerl Telep & Tel 100
14
14\4
14
14 Dominion Iron & St
•634
7
7
74 East Boston Land
257 4 257 4
Edison Elec lllnm...lOO
172 V, 173
i72" General Electric
100
42 14 42 \
42 Mass'chtisettsUasCoslOU
42 V,
b3V4 83 4
83 4
83 4
Do pref
100
185 188 •185
188 Mergentlialer Lino. .100
!"«
14
*13l«
14 Mexican Telephone.. lO
130 4 130 Vj 130
130 V, N £ Teleplione
lOu
1
PlantCom t'st sUc comlOO
.sale 37'8
2413
I8I4
14 4
193
10
877,
22'ti
•24 3
1034104
1334
66I4
7114 714
714
714
40 4 404
38
38
Latt .Sale i5V4 Oot '03
Lait Sale 4i
Feb'04
Last Sale 25
26
•238
139
Sep '04
Sep '114
Mar*03
Sep '04
Ang'04
bail Hale 228
Sep "04
202 4 2024 3024 202 4
•74
76
75
75
1023, 10338
9314 93'165
nrft
OUlcJuncKyA US Vloo
283
iso"
Week
100
100
100
l>o j)rcf
100
BoHton & ProYiilencelou
174
'302
'145
138'r 139
Do
BostoD Ai Albany
BoNton Elevat«(1.
Boston <fc l^)well
Boston A Maine
IG.-i
23
•
•
83V
iyU4
the
Stiarrt
Knilrondi,
Atch Top <fe sauta FelOO
lOO^B
1644
Lait Sale 65
104»4
139>t,13958
14"^ 14'8
8136
•334
14'4
638
153
•94
•96
06
24
a;81
164
166
Last Sale 47
Lait •salf S3
Last Salf 4-i
Lait Hale 171
134 134 13 4 134 1334
•23 Sj 35
13178 132 >8
133 133 Sj
13lWjl32Wi
133 13334
1
•220
•70Sj
•40
06
4'a
13134 isle's
133 133^4
139i4l39'.i
1412
14
83
SS^s
•334....
14
14
&9>4
58
•133, 1434
I9IS2 192
40
95
93
48
83
202 >« 203 Si
•74
76
70'*
249
Latl SaLf ?S5'4 Sep '04
Last Salt 160
Sep '04
186
138>iil38Hi 138S» 138'»
48
Hi
88 Tg
83
loo
IdO
250
24814
Hangt tor fyeriout
YearflUOdj
Jiauge for year
Sale I
01
STOCK
EXCHANUE
Get 7
•302
•146
283
UU
/Vfrfav
UcL
100»4
285
'
humday
174
302
...
149 Hi 145
123 123
170'4....
186
148
186 ^,
183
"280
13U
•46
83
101
249
1
BOS'l'CJN
Weekly and Yearly
Daily,
STOCKS
I'rr (^piiiiiin I'riorn
Wedneiday
OeL 6
OeL 4
249
163
'237
240
166 >< 166
301
•146
— Noi
T^iftday
looSilt'O'a
249
163
•237
16S
I'ricpi*
6
2
1
1
43 4 J'ly
16 Jly
27,
Dec
80
Oct
•10
1
7
Nov
76
J'ly
J'ly
Dec
•25
Not
173, Jan
41, J'ly
4
161,
8
22
Its'.
Feb
Feb
Mar
2=8Jau
2 4 Feb
23 4 Feb
79 Feb
34 Feb
7 4 Feb
126 4 Keb
4
beb
3 jiia
1478.\pr
190
1«16
3334
teb
Feb
Mar
14 Feb
Dec 3134 Jan
Jly 27 4 Feb
Dec 17 -Mar
Jau 33=8 -May
Dec
9
Feb
Jly tl434 Mar
Mar
27eMac
— c
kBel«r«pay'tofaaae8«'tsoalledlnl903. dBefor«pay'tof assess'tsoailediu 1904. •Bidaudasked. JNewstock. tAss'tpaid. t Ex-rights. aEx-div. ili nghta
90
90
•99
»^*»
A
1
1
JL
1'4
A-4
89
Sl
1-8
lia
li«
x^
90
-1^
14
90
14
JL7Z
90
IV
14
90
1
inp
30
l"^
1%
92
Wolverine
l-tiw jauuufc
14 Wyandot .......
.. .
26
25
>i.*f
M.
93
1
t.
Sep
^j \j\^v
4 Oct
61
V
6
J'ly
tf
Oct
v^w
75
i
77
»
5
OOT.
iYidav
Range or
Last Sale
January 1
A sk Low
99^
101«8
96'2
1st, 7<s.
;.'
1924
1907
1944
Boston & Maine4
1905
Improvement 48
Bo8t<fe Mon 3(1 issue 7s... 1904
Boston Terminal Ist S'aS. 1947
1918
Bur & Mo Riv ex 68
1918
Non.exempt 68
1910
Sinking tund 4s
1917
Butte & Boston 1st 63
Cedar Bap <fc Mo R Ist 78.1916
1909
2d 78..:.
Consol 53
Boston*
Cent Vermt 1st g4s..Mayl920
<;hicBurl & Q extend 48.1905
1919
Iowa Div Ist 5s
1919
Iowa Div l8t 4s
1913
Debenture 5s
1922
Denver Exten 48
1927
Nebraska Exien 48
1921
B<fe S W8t48
1949
lUinoisDlvS'ssS
Joint bonds See Gt Northern
Chic Jo Ry & Stk Yds 6s 1915
Coll trust refunding K 481940
110
Feb '04
104112
F-A
M-N
F-A
St P Dub D 6s.. 1920
<fc St P Wis V div 681920
Chic & No Mich 1st g" 58.1931
C&ic& WMlch gen 5s. ...1921
Concord <fe Mont cons 48. .1920
Conn & Pass R l8t g 4s. ..1943
1927
Current River 1st 58
M
&
112
J-J
J-J
J-J
M-N 129J8
J-D
Vj
A-O
A-O
M-N
W
10014
100»s.
J'ne'04
J'ne'u4
IO6I4
....
J-J
94
J-J
109 Sale 109
97 "a SB's 98
Sep
Sep
tfSia
A-O
J-J
J-J
....
4
::::
'04
'04
109
Sep '04
123iaApr'04
104^4 Sep '04
104>3--.
108 Sep '04
108 ...
10914 Mar'02
112i4Jan'03
100
100
100
98 Aug' 04
97
98
107
1061a Sep '04
103 Vi
10334 Sep '04
102iaApr'04
llli4May'02
137iaAng'04
1371a
137 Feb'04
137'ii
96=8 Sale
96^
961a
124-»4 ...
96=% Sale
Note— Buyer pays accrued Interest in
961*
9934
129
1«
9638
all
Boston Bonds.
-
No
OU.
1
3
U»t.
Oct.
4
Oct.
6
804
80
81 14
95
954
96
9434
95
9434
164
1634
16=8
16
164
16
34
34 14
344 344
*74 8I4
334
3338
324
3234
48
48
48
23 4 2338
80
81
95»4
33 -8
8I4
84
2234
48
22 Tg
2234
48
23 14
6
67i6
64
80
95
6iiie
bi4
8%
96I4
15'e
95
16
3414
81
95
804 8O4
964
164 164
80
15'6
Seaboard Air Line
81 14
32 '8 32 »6
100
50
100
100
Do prel
United Ry & Electric. 50
lOO'g lOls*
I20I4 122
6714.
J'ne'03
M!i\'04
67-''s
1638
118 118
5818 704
1638
13
'04
'04
Sep
Sep
678May'(i4
75 J'ue'O;!
10211:
latest bid
934 974
9312
9312
10134 Aug'04
103 Auf;'04
1013^ 102
102 103
10218 104 14
Apr '04
103
7*8
102410219
106 1« Mar'03
10034 Sep '04
100
100iaSep'()4
10414 J'ne'04
'4
102 4
10041013s
IO414 10414
lOlHi J'ne'(i4
I0I4IOI4
121 J'ly '04
103 Is Aug'04
1204121
losisiosj"
Mar'02
Sep 'o4
102
95
95
10334
91
1033.
10334
100
reb'03
104
Aug'04
107
104
lOOBg 10434
103
IO8I4
1084
8038 Sep '04
103
94
1004113
7138 8038
102
10234
105 41054
102 ^ Sep '04
105i8Ma)'04
10234 Apr'03
102
"a
10134
J'ly '04
IOII4
IO2I2
87i4J'ly'01
112 Sep '04
1024
9S41024
41
112
..
H Trust Co.
112«8
ctfs.
Weekly, Yearly
Daily,
Range
6'8
Aug'04
and asked.
Range
lor Year
lor Previous
Year (imi.)
19U4
Lowest
Highest
736 574 Jan 5
615 71 J'ne 2
605
100
107^2 110
121»g
102
118
the
2,605
2,276
12818
100 la 100^8 100'8Sep'04
120 la Sep '04
Sales
Baltimore
ConsoUdated Gas
Northern Central
9334
Aug'04
95
J-J
CFor Sands and Inactive Week
Stocks see below J
Shares
Ji'riday
Oct. 7
99
99
96
128
97
9013
91
10334 Aug'04
10634 Sep '04
J-J
Exchanges— Stock Record,
1
High
Lo^o
117 122
95 12
92
91
81
103 104
106 la log's
J'ly
J'ly
;
High
1211a
901a
A-O
A-O
A-O
price Friday
0/
Saturday
100
109 3alc
121 la Sale
95
-D
1929 F-A
94
1906 A-O
1907 A-O
1001410014
6s
1908 A-O
104 105
6s
1915 A-O
99 14 100
58
1905 J-J 10034
NY<fcNKngl8t7s
1905 J-J 100 la.
1st 68
981a 98^2
1924 F-A
90>8 94
Old Colony gold 4s
Oreg Ky <fc Nav con g 4s.. 1946 J -I)
1922 F-A
105SV 109
Oreg Sh L.ine 1st g 6s
97
981a Repub VaUey 1st s t 68.. .1919 J-J 10313.
124»4l25'a Rutland 1st con gen 4ias.l941 J-J
Rutland-Canadian 1st 4sl949 J-J
12312 1241a
93
95
100 10434 Savannali Elec 1st cons 58.1 952 J-J
1930 F-A 10334 Sale
Seattle Elec Ist g os
108
1051a
1918 M-S
Torrington 1st g 53
1 gr g4s.l947 J-J
Union Pac
1911 M-N
100 lOlia
Ist lienconv 48
United Fruitconv gen 58.1911 M-S IO8I4 Sale
95
98
105 la 109
US Steel Corp 10-60 yr 58.1963 M-N
1915 F-A
10334 104 «8 West End Street Ry 4s
1914 M-S 105 ...
Gold4i28
10213103
1916 M-N 10218...
Gold debenture 4s
1917 F-A 1021*...
Gold 48
137
1371a
137 137
Western Teleph <fe Tel 5s. 1932 J.J 102 14 10234
90
98 1« Wisconsin Cent Ist gen 4sl949 J-J
90% 9612 Wisconsin VaUey Ist 7s.. 1909 J-J 112
ACTIVE STOCKS
Thursday
Wednesday
Oct, S
J
M-N
M-S
M-S
A-O
Since
Jamiary
a-ir
99
99
99
99 V
12Si8J'ne04
100
100
109
109
1,,
New Eng Cot Yam Ss
New Eng Teleph 68
Share Prices— Not Her Centum Prices
'I'uesday
991a Sale
Mlnne Gen Elec con g 5s 1929 J-J
81
99ial00
78
addition to the purchase price £or
Philadelphia and Baltimore Stock
Monday
99
Ist7s..l907 J-J
l8t78...1905 J-J
Maine Cent cons Ist 7s. ..1912
1912
Cons 1st 4s
Mara Hough&Ont 1st 6s.l925
Mexican Central cons 4s. .1911
Jan 1939
Ist cons inc38
Jan 1939
2d cons inc 38
cons Ss tr rec.1929
Mich Telep
99
J-J
A-O
A-O
A-O
RB&
,
FrcmtElk<6;MoVl8t68..1933 A-O
1933 A-O
Unstamped Ist 68
Gt Nor C B & Q coU tr 48 1921 J-J
1921 Q.J
Registered 48
KanCStJo&C B
112 113
100 14 102
128
Ask Low
.
125i2J'ly'04
125'ij...
117
99
Dec '02
MS
110
L.K& FtSmldgr
Feb '04
105
100
MS
MS
48
80
FA
1913
1906 M-S
1916
1927 M-S
Eastern Ist gold 68
Fitchburg 48
lis
79
M-N
M-N
J-D
J-D
A-O
A-O
1st 48... 1946 A-O
DerGrRap<fc
Dominion Goal lat 68
99 Sep '04
100 J'ne'Ol
129 "8 Sep '04
117 14 Feb'03
80
78
100 Sep '04
107 Jan '04
no
117
....
100^4 Sep '04
A-O
la Falls
96 1-2
87
Apr '00
117 Feb '04
9978 Jan '02
101 Mar'03
1121a Jan '03
1121a Sep '04
J-J
109
97»8 102=8
9612
J-1)
.
Mil
1017,
M.S
LKJwell 4s
42S
Oh
Ch
101 'g Sale
96 Ha Sale
.
109
1910
deben 53
Non-convertdeben 5S...1913
<fe Sioux C 1st 7s.. 19 17
Kan C Cliu& Spr 1st 5s. ..192".
Kan C Ft S <fe Gult 1st 7s..l9<)<S
1928
KauC Ft Scott cfc M6s
1934
Kan CM & B gen 4s
1934
Assented income 5s
KanC&MRy&Br 1st osl929
97%
8-<i4
109
Illinois Steel
9934
9734
96>«
95>-4
109
Friday
October 7
Bid
Low High
m\
9934
99^4
96^8 Sale
1908 J-J
J-J
Am Telep & Tel coll tr 48.1929 MS
.1908
Atcli& Nebraska
Atch Top & S Fe gen 48. 1995 AC
Afljustnienr g 4s.... J 'ly 1995 Nov
Boston Elect Light Ist 6s. 1908 MS
High
Range
Week's
Range or
Last Sale
Price
BOSTON STOCK EXCH'GE
Week Ending October 7
Sinxce
October 7
Bid
Boll Telephone 4s
Range
Week's
Price
boston stock exch'ge
Wekk knuino October 7
Am
1453
Boston Bond Record.
8, 1904.1
58 4 Bee 72 4 Jan
84 4 Oct 118 Jan
Aug26
82
97
Sep
Oct
34 4 Oct
9 Sep
7 J'ne21
1334 J'ne21
534 J'ne 1
Highest
Lowest
29
16*4
1034
28
Dec
284 Jan
20
8
3
4
Oct
Oct
45
Jan
144 Jan
Pliilndelpliia
48
114
94
48
124
12
12
9»8
9«8
y^<
23-18
64
48
23 4
64
12
12
9^16
9»16
88
88 4
8814
89
43^8
444
44
444
664
66f*x6
65i3i8
66''8
66I4
42 14 42 14
424
74
4234
12
424 43
74
74
•164 16
43
•3734
•eS^s
963*
153^
:!4'4
564
97
349i6
43
»37»4 38
56
66
98
97
43
43
3S
88 4 89
44
44 =f
PHILAUCLPllIA
5534
961*
Rid
10
50
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 14
<fc
74
66ie
646
12
11^8
9^16
884 884
444 44'8
34 34
664 674
424 434
56
56
56
964 97
96
Ask
94
*8
*28
88
9579
*20
PHILADELPHIA
Al Val E ext 78 1910 A-O
Berg&EBrw Ist 6s'21 J-J
Bethle Steel 68 1998. Q-F
Che & D Can 1st 58 '16 J-J
Choc & Me Ist 6s 1949 J-J
Ch Ok & G gen 5s '19 J-J
Preferred
"6
(3
Col St
Ry
let con 58 1932
68 1920
125
W
Rochester Ry
99
123
4
993,
1084
<fe
Ry 48.1933
Rys—
IndlanaiHilis
Interstate
3-3 4-48 1943
BUS
F-A
Nav 443
Lehigh
KeysloneWatchCase.iOO 100
48 g
'14.Q-J
1914. (4-F
PHILADELPHIA
63s<
844
"si'
51
102'
61
64
C.
UnitPow A Trans
Unito<lTrac Pitta
10
100
270
25
50
50
Preferred
Warwick Iron <fc Steel. 10
West Jersey <fe SeaSh.Sf)
Westraorelaiid Coal.. .50
'
268
44
5634
Bid and a«kod prices; no sales on
Consol 63 c 1905. ..Var
Consol 58 r 1919. ..Var
Penn cfc Jld Steel con Os.
101
11134
||
Lowest
is
.M
S
1
J'uel8
Oct
35
Aug
6
4 Jan
7834 Jan
4734 Feb
9 J an
1 7 '8 J an
Dec
Nov *liii6 Jan
Sep 4414b Feb
2734 Nov 40 4 Jan
40 "8 Sep 4734 Feb
76 Oct 1164Jan
20 Aue 31 Mar
18 Sep 10
36 4 Oct 7
434 Oct 6
39 '4 Oct 7
22
4 Sep
Nov
1
5538
734
1834
36
Marl4
Jan 2 5634 Sep 8
Mayie 9934 Sep 26
J'nelS
BALTIMORE
BALTlMOilE
Inactive Stocks
Atlanta <fc Charlotte.. 100
Atlau Coast Line RR lOo
Atlan Coast L (Conn) 100
Canton Co
100
Georgia sou & Fla...lOO
1st prel
100
2d pref
100
Q.BS Brewing
100
Mt Vernon Cot Duck
Unit Elec L <fc P pref. 50
GaSo'cfc Fla Ist 68 1945J-J
G-B-SBrew3-4s lOJlM-S
no
111
ex-<tividend.
Ky con 5s 1932 M-N
Kxt& Imp 58.1932 M-S
Clias City Ky 1 »t 6h '23 J -I
111
112
^ Ex-rlght*.
t
$15
paid.
90
103
11134
1154
172
112
114 4 115 4
554
5^'4
2734 284
income 58 1951 JNl-N
116 i:64 Knoxv Trac Ist 5s '28A.O 102
60-'4
LakeR El Ist gu5s'42M
118
60
MetSt(Wa8li)lst5s'25FA 113
Mt Ver Cot Duck 1st 68. 67
67 4
Incomes
184 19 4
155
Npt NifeO P l8t 58'38 M-N
97 4 98 4
1364 137 4
General 5s.. ..1941 M-S
285 297
Norfolk St Ist 58 '44. .J-J 106
90
95
North Cent 4 48 1925 A-O 110
30
6s 1904
J-J
97
100
Series A us 1926
J-J 119
60
70
T,I
119
Series B Ss 1926
7
7 4
Ss 1997.J-J
4
44 Pitt Un Trac6s 1941. .J-J 114
113
Poto Val 1st
3S
394 Sec Av T(Pitts) 5s '34 J-D 114
Sav Fin cfc West 5s '34 A-O 115
804 80 ig
Seaboard A L4« 1950 A-O
1014 102
98^4
1124
Cent'l
Ask
Rid
I-
con 58 1930
S R ESide 48 interim ctfs
U Trac Ind gen 5s' 19. J.J
U TTac Pit gen 5s '97 J-J
Welsbach s f 5s 1930. J-D
MN
•4
MN
l'(;o]stffecoltr5s'49
Mar
Ask
Kxcluiugc 3 4m 1930 J J
Koluuding 3 48 1952JJ
BallJb PI.si Osml'll A-O
Bait Trac IslSs.. '29
No Bait I)iv5sl942 Jl)
Convertible 5«.'06M-N
'i
Pa ifc N Y Can 78 '06. J-D 105 4
Con 68 1939
A-O 113 4
Con 48 1939
A-O
99
Penn Steel l«t5H'17
People's Tr tr certs 48 '43 i'os"
tlii8.<lay.
45*4
Bid
MN
10
38
28
t
Nov 36 J'ly
Aug 7934 Feb
Nov 45 'g Jan
19
64
34 4
7''8Sep lo
5 May2.")
8 Jan 6
19 4Marl4
81
22
1
Tlilewator Steel
Preferred
United N J RR &
May
40^4
4
Sep 19
124 Sep 21
10 Sep 20
634
Feb 8
64J'lyl5 134 Feb 8
20 AuglO 38 4 Feb 6
624 Jan 14 89 4 Sep 29
3334 Feb 26 4534 Oct 7
2^8 Mar 3 4I16 Jan 25
5678Marl2 67 '4 Oct 6
37%Mayl7 434 Sep 2;
734
6,152
Gen M 448 g.l924.y-F 109
Leh V C Ist 58 g '33. .J-J 112
Leh V ext 48 Ist 1948.J-D 110
Nesqiiclioning
50
2d 7s 1910
M-S 117 1174
N Haven Iron & Steel.
24 3
Consol 68 1923
J-D 123
North Pennsylvania...50 103 103 4
Annuity 63
J-D 1443|. 145
Penu Gas Coal
50
Leh V Trac l8t4s '29.J.1>
Pennsylvania Salt
50
99 100
Nat Asphalt 5r rects.
Bonds
PennHylvaiiia Steel.. 100
Anaoostiad; Pot5s
New Con Gas Ss 1948 J-D
,..
Preferred
Atl& Ch Ist 7. ..1907 J-J 107
100
85
Newark Pass con 5s 1930 1144
"43""
Phila Co (Pitts) pref. ..50
453^,
N Y Pli <fc No iHt 4h '39 J -J 102 02 4 Atlan C L RR4H1962M.S 9838
Fhll German <fe Norris.SO 153
Atl Coast L(Ct)ctf8 58 J -D \M
Income 4fl 1939... M-N
Ctfs of iiidebt 4s
i'hila Traction
9708 98" No Penn Ist 4s '36..
110
50
IJ
93
Bait C Pa.s8 1 Kt 6h 'U M -N 107
Railways General
10
Deben 68 1905
M.S
Susqueli Iron & Steel. .5
Bait Fuudg 58.1916 M-N 119
"i" Penn gen Os r 1910. .Var 11134
Lit Brothers
10
Little Schuylkill
50
Mineliill<& Scliuyl II..50
1 38
Dec 524 Jan
174 Nov 2634 Jan
4 Nov 9»i6Jan
Sg Dec
40<4 Jan
104 Jan
71l6 0Ct
Dec 11 Deo
10
Augl5
23 4 Oct
t
i3 1
1024 1024 Chas Ry G <fc El 58 '99 MS 85
Charl C cfc A ext 5s. '09 J-J 116
67
68
M
116
2d 78
1910 A-O 112
1024 1024
M
104 4 City cfc Sub 1st 5s.. '22 J-D 1134
112
903«
1244 125 4 (;ity cfc Sub(Was)l8t 58'48 1 02
M
103
1204 1204 Colc&Grnv Ist6s.l916 J-J 117
ConM 68gl911....J-D 1124
118
Consol Gas 6s. ..1910 J-D nil.
Ex Imp M 4s g '47. A-O 105 io's"
58
1939 J-D 115
110
Con M of '82 4s '37. J J
Gacfc .\lalstcon 63 '45 J-J 169'.
Terminal 5s g 1941. Q-F
125
GaCarcfcN l8t68g'29 J-J 1114
10o»B io9'
P
<fe B col tr 48 '21 .J-J
103 4 104
Georgia P Ist 68...'22 J-J 123
M-N
& Peo Tr stk tr ctfs
Elm & WU 1st 6s 'lO.J-J
Eq II Qas-L 1st g 58 1928
H B Top con 58 '25 A-O
Elec
50
50
100
4934
4 May 13
Phil Elec gold trust ctfs
Trust certifs 48
P cSi E gei'
5 g '20.A.O
Gen
4s g 1920. .A&O
Ph & Head 2d 53 '33. A-O
Con
78 1911
J-D
Con Trac 0fNJlst58.'33
E & A l8t M
4
Ask
Bid
Atl City Ist 58 g '19. M-N
Balls Ter Ist 58 1926.J-D
4
56 Union Tracton
96 4 United Gas Impt
22 WelsbachCo
56
9634
AmRy8Conv5s 1911.J-D
464 47
9,445
2,544
3,071
10
30
56
4
Bonds
7*4
63je Consol Ijake SaperiorJ.lOO
100
ll'e
Do pref.t
93, Electric Co of America 10
Gen Asphalt interim ctfs..
Do pret interim ctfs..
8734 87^8
88 Lenigli Coal <fe Nav
50 1,112
44 'a 454
4478 453^ Lehigh Valley
50 17,288
34 MarsdenCo
100 1,345
34 34
50 16,435
664 67
66 Pennsylvania RK
434 434 4234 43 PhUadelp'a Co (Pittsb) 50 14,455
6i3i8 6t6ie
7
74 Philailelphia Electric. 25 0,336
ir
15
15 PhUa Rapid Transit ... 60 5,831
15
34 4 sa^ie
364 Reading
50 92,149
43
69
Do Ist pre!
50
434 43'-. 43
*38
39
Do 2d prel
50 2,183
3S13i9 394
974
Steel
Baston (;on Electric. .50
Klec Storage Batt
100
Preferred
100
Gerniaulown Pass
50
Harrison Bros pref... 100
Indianapolis St
100
Inter Sill Pow<fcChem.50
Keystone Telephone ..50
Preferred
50
94
22^8
56
Steel
Diamond State
124
400 43 J'ne 3
American Railways.... 50
50 11,909 184May25
Cambria Steel
48
23
234
64
12
•9%
6^
613i8 6I616
American Cement
Iron
94
48
47 »s
23
15
15
154 1514
344 3418 34i4Jli3ie
*424 434 "43
43 -a
•384 39
38^4 39
Inactive Stocks
Amer
6634
74
15
a47i834lll6
64
47^9
111
114
114
119
101 4
106
99
110
98 "g
1224
96
2(1
Seal)
<fe
Roan Ss
South Bound
1st
1
926. J-J
58..A.O
4 48'29 M-N
Un HVcfc F.I 1n14s'49 M-S
1-D
Income 4« 1949
VaMid Ist 6s 1906..
2d series 6s 1911. ..M.S
3d seritis 6n 1916..MS
41I1 ser 3-4.58 1921. M-S
Stli series Ss 1926. M-S
U El
Lcfc
P
1
St
MS
Va (Slate) 3s Ili^w '32. J -J
Fund ilclit 2.3s 1091. J-J
roil 6s 1914 J-J
West N
(.'
Wes Va C.t I'
VVil
cfc
1
at lig'
1
I
J
-J
Weld 5S..1935.J-I
111
112
95 '4
91
46 4
9.1
904
46 I,
100 4
110
113
111
110
95
'.,
96 -V
9l>->rt
11.-.
'4
112
117
Mieiirganizatlon oerU(ioat«8 $3 assessment paid.
164
1124
I
119
.
—
I
1
t.
.
.
.
1
1
.
1
THE CHRONICLE.
1454
[Vol. jLxxix.
|nx)estment aixd llailroad |uteUigcucc.
RAILROAD GROSS EARNINGS.
The following table shows the gro<« e;irnint?.s of every .Stkam railroad frotn wliich n^j^ular weekly or monthly returns
can be obtained. The hrst two columns of figures give the gro.ss earnintcs for the latest week or mouth, and the last two
columns the earnings for the period from July 1 to and including sucli latest week or month.
The returns of the
street
railways are brought together separately on a subsequent page.
Laltgt Oro*s Kamliifii
ROADH
Week
CurrnU
or UMitIi
Year
rexH> rarilic.
N O <kNo Kast. Zn wk Sept
Ala&i VlcksbV LJd wkSei't
Vlokeb 8b A 1*. •id wkSept
Allegheny Valley July
Ann Arbor
3d wk sept
AtohTopiS
Atlanta
Fe.
& i:har..
Atl Knoxv 1*2 No.
Bir. a
Atlantic
All Coast Line..
Bait & Ann IS L..
Bait it Ohio
Bangur & Aroowi
Bellefonte Cent'l
BrldKt&Saco K.
&
August
42.000
23.000
25,00o
Dec.
3G,870
5.444,334
317,'285
July
«3,049
55.890
August...
June
August
1
to
LaUBl Oatt
HOAD.S
Year
or
676,229
670,311
176,010 166,368
329,828
328,974
3.538
5,656
5,912
11,535
4 39
5.055
4,397
5,055
July
BullRoch& i^Utt- 4thwk8ept 23o!605 212,202 2.129.03S 2,177.001
96,241
176,557
Buttalo &Sii8q... August
76.722
157,225
94,300
899,300
776,400
Canadian North. ithwkiept 101,100
Canadian PacUit 4uhwkSept 1,277.000 1,226,000 13,044,071 12,010,500
314,905 257,183 2,400,948 2,183,345
Cent'l of Georgia ithwkSept
1,979.575 1,983,260 3,y01,230 3,869,847
Cent'lof NJersej August
Central Pacific. January .. 1,460,659 1,349,578 13,775,430 12,847,305
3,33»
37,341
30,017
Chattan South'n. 4thwkSept
2,344
1,819,781 1,645,291 3.491.284 3,216,666
Chesap & Ohio... AujtUst
1,193.064 1,047.166 2,140,204 2,000,073
Chic & Alton Ky. .August
Ohio Gt Western ithwkdept 218,966 231.550 1,837,653 2,154,687
15:^.276
L'v... 4ihwkSei>t
Chic Ind
150,756 1,466,206 1.455,619
4,'205,054 4,178.541 8,207.274 8,337.604
Chic MUw & 8t P August
4,929,010 4.843.746 9,554.090 9,610,148
Chic & North
Aui^ust
&0. August .. 977,702 1.015.677 l,>i25,523 1,967,549
Chic St
43,467
398,832
421.708
41,968
Chlo Tenn Tr KK ithwkSept
Ctn N O & T Pac. 3d wk csept 133,901 134,039 1,579,414 1.563,240
2,126,098 2,001,296 3.890,182 3,861,550
ClCinChiSz; 8t L. August
260,127 258,561
493,842
Peoria & East'ii August
481,837
Colorado <feSouili ithwkSept 132,569 145,567 1,497,712 1.654,248
15,911
15,911
16,463
16,463
Col Newb & Lau. July
56,490
56,490
55,760
Copper Range.. July
55,760
5,875
11,910
20.271
Cornwall
9,969
August...
17.400
17,400
34.323
Cornwall &Leb.. .July
34,323
149,750 125,193 1,291,195
Comberl'd Valle^ January..
842.194
Denv. Jb Rio Gr. /
468,400 486,600 4,246,915 4,716,994
Kio Gr. West. I IthwkSept
90,343
170.780
163,517
79,686
Det <fe Mackinac. August
40,569
47.301
363,598
445,617
Detroit Southern. ithwkSept
73,261
76,760
705,543
775,745
DulSo8h&Atl.. 4thwkSept
4,103,880 :.455.601 8.034,325 8,883,852
Erie
August
44,936
47.139 1,485,129 1,445,527
Evansvife TH... Alhwk Api
F'rchUd & N'r'e';! August
2.866
3.057
5,590
5,786
Famiv & Powhat luly
7,987
6.067
7,987
6,067
191,373 259.118
383,046
522,055
FtW&DenvCiti August
193,666 178,248
368,222
Georgia RR
354.856
August...
266,644
Ga South & Fla. AUfiUSt.... 134,752 133,474
277,981
41,126
GilaValGA, N. )uly
41,126
Gr Trunk Systeu) 3a wkSept 742.985 735,730 8,328,808 8,679,864
95,437 117,764 1,021,410 1,212,375
Gr Tr. West'n 3d wKSepi
34.965
3>!5,766
DetGrU<kM.. 3d wkSepi
34,819
319,251
Nortliern.. Suptember 3,701,674 ,017,620 10,645.823 11,018,185
Great
Montana Cent'l Sfcptembei 196,120 181,524
562.57s
558,460
Total system. 31'ptember 3,897,794 :,1 99,144 11,208,401 11,576,645
Gnll&Shiplslanii 3d wktiept
37,747
37,369
413,257
418.908
Hocking Valley.. 4thwkSepi 135,»66 131,284 1,707,746 1,722,452
HouB & Tex Cent January .. 418,280 460,339 3,461,608 3,358,251
81.363
W.Texas January ..
69,903
519,274
555,001
16,514
19,041
124,142
HouB & Shrevep'i January ..
144,551
Illinois Central.. September 4,228,835 ,003,963 12,248,227 11,797,260
Illinois Southerij AugUbt
15.269
23,362
50,418
28,023
Ind 111 & lowo. .. August
129.835( 122,469
248,350
243,987
Int & Gt North'ii IthwkSept 243,179 231,760 1,463.246 1,395.292
Unteroc(Mex)... WkSept 17 123,300 101.040 1.191,870 1,154,340
Iowa Central
69.969
68,027
625.866
4th«vkSopt
607,454
Kauawha 6t. .Midi ithwkSept
50.721
36.871
457,251
424,279
Kan City South'n August
520,672 511.370
995.971 1,011,302
LakeErie&Westn Augu t. ..
477,198 488.372
a82.012
955,847
Lehigh Val HR.. August... 2,410,317 .754.704 4,966.863 5,483,935
Lexlng <bEast'u. August ..
53.413
39,890
78,249
104,145
Long Iijland
UfC. '.877
Inc. 296 ,227
May
Loulsiaua & Ark. August...
67,603
54,367
126,001
108,869
Louisv Hen<&»t L June.
895,970
808.547
Louisv <it Nasliv ithwkSept 1,018,555 995.354 9,201,389 9,167.514
Macon & Blriu.. August...
10,396
10,819
20,652
21,874
Man'tee^V(jr.j.ii July
7,308
8,878
7,308
8,878
August....
«.fe
PM
W
H&E
—
VARIOUS
Grots iLamings
M 8t
P A S St M
Mo Kan
Texas
MoPao&IrouMi
<fc
Central Branch
Total
Mob Jack & KC.
Mobile
Ohio..
&i
NashCh &8tL..
:Nat'lRRof Mex
Nev-Cal-Oregon
Nevada Central
.
N Y C & Hud RIv
N Y Out West.
N Y Siisq West
<te
<fe
Norfolk <fc West'i!
Northern Central
North'n Pa«ino..
Nor Shore tCal)..
Ohio Rlv& West..
Paoillo Coast Co.
ePenn— EastP&E
eWestP<fe
Detreate.
1,466.799
PhilaBalt&W'sh
Phlla
&
Erie
C C & St I.
Raleigh & C Fear
Pittsb
Reading Railway
Coal*
Ir Co....
Total Both Cos
Rich Fr'ksb & P
Rio Grande Jot..
Rio Grande So...
.
Rocklsl'dCo
St Jos&Gr I
St L(fe San Fran .9
St L Southwest ..
StLVan&TH..
San Fran &N P..
Seaboard Air L.
Southern Ind
So PacilloCo6...
Central Paciflc.
Gal Har it a A..
Gal H0U8
398.728
35.367
6.805.5.59
3.868,683
3,207.241
250.643
54.827
155.677
30.689.285
1.277.000
31,9t!(!.285
4,6-^2,884
4,265,900
$360,754
48,6(!1
7,564,567
3,947,252
3.403,592
217.678
46.408
163,457
30.661.632
1,055,000
31.715.632
4.800.242
3,904,600
(te
No
GulfWT&P..
Louis'a West.
.
&T
N Y T&Mex ..
Morgan's L
Oregon & CalLt.
So Pac Coast...
So Pac RKCo..
So PacSS. Lines
Tex& Norl
Southern Rallw'y
Terre H & Ind ...
Terre H & Peor..
Texas Centra! ...
Texas & Pacific.
TexS V
&N W
..
Tol <fc Ohio Cent
Tol P<fc West ....
TolStLi
W
Ham <fe Bun
Un Pac System ..
Tor
.
Virginia <fe So W'n
Wabash
W Jersey
<te
Seae
Wrightsv
&
T'n..
Wheel Ji LE
Wm'sporl&N.Br.
Wiscousm Cent..
Yazoo
FISCAIi
1,321,759
E...
Pere Marquette to
& Miss.
V.
to
Lautl Val».
Currenl
Year
34.332
18,865
55.615
4,066.710
1,121,27
1,227,000
223.312
12,685
169,177
773.249
2,003.962
4,838.340
11,135.665
4 72,000
11,607.665
95,895
1,688,571
2,555,553
2,705,636
38,578
1,746
21.015.428
1,349,376
391,771
3,771.158
1.757.551
8,430,yl6
389,649
I^evwMt
Year
f
29,686
16.72s
60,831
4.055.657
1,079,689
550.471 536.901
115.000
91,800
1,065,100
206,750
21.995
22,087
6.949
7,711
3,953
145,157
18.736
16,614
84.550
781.138
89,1^1
205,917
1,837.086
4thwkSe,pt' 246,441
4.385.245
IthwkSept 700,794 593,167
11.139,151
ithwkSept 1,442.000 1,484,000
71.000
453,000
34,000
ithwkSept
11,592.151
ithwkSept 1,476,000 11555000
73.035
9,004
7,046
Wk Sept 17
1,599.435
3d WkSept 144.188 128,199
2.471,181
4thwk8ept 266.159 255.380
2,805,716
IthwkSept 270.214 265.422
36,835
22.783
18,895
August
2 892
1.746
2,S92
July
20,9981245
September 7,250.540 7,056,151
1,364.087
702,570 6150,890
August...
482.820
211.510 218.104
August ..
3.870,814
1,961,587 1,927,290
August
1.842.051
919.236 919,036
August
8,326.848
4,359,528 4,182,213
August
30.321
33,284
345. 07O
February.
18,141
17,585
18.141
17,585
July
614.740 567.353 1,215.505 1,127,716
August ..
10299890 11041290 19,780.993 22.036,693
August
i>et:.65 9,400
Dec. 33 6.200
August
ithwkSept 364,048 323.513 3,327.736 3,032,759
1.249.127 1,195,127 2,417.505 2,341,605
August
719.545
776,322
719,545 776,322
July
Angust.... 2,084,430 2,221,364 3,992,940 4,386,595
50.142
3.940
June
2.954.758 3,072, ,882 5,616.196 6.204, 302
August
2.281.211 2,850, 949 4.619,150 5,876, ,547
August
5,235.969 5,923, 831 10,235.346 12,080, ,84!>
August
127.989
124, 25e»
127.989 124, ,258
July
42.932
50, .957
42.932
50, 957
July
124, 4y9
100.053
9.686
3d wk Sept
8, 579
3.033,998 3,937, 780 3.033,998 3,937, 7;o
July
226,847
234, 140
119, ,26S
135,052
August
2,783.503 2.885,
2,783,503 2,885, 22
July
4thwk8ept 252,734 217, 629 2,121,9e6 1,791, |l63
425, .132
567.973
312,288 216, 150
August...
310, 949
328,481
158,335 158, 624
August ..
2d wkSept 235,282 229, 995 2,554,479 2.510 .659
203, 297
225,031
120.179 103, 326
August
7.130,559 7.724, 124 7,130,559 7.724, .124
July
January... 1.460.659 1.349, 57» 13,775,430 12.847, 305
580,584 593, 810 4.221.191 4,014, 019
January...
807.199
696, 201
77,226
99, 724
January...
106, ,623
96,570
12, 547
10,300
January...
161,517 161, 821 1.144.280 1,168, 165
January...
January .. 417,904 473, 036 2,990,71*4 3.013, 301
288, 262
292.660
30,084
Jauuai-y ..
36, 645
312,659 288, 974 2,576,550 2,344, 219
Januai-y...
661,749
565, 161
70,159
Janiictry...
65, ,523
January .. 2,619,233 2,503, 802 19.658,844 17,932 ,714
3,405,69
January...
453,189
January...
302.477 287,550 2,253,290 1.917, .719
ithwkSept 1.357.689 1,263.719 11,975,358 11,214, 427
361, ,844
364,161
August
199.169 184.928
103, 589
122.839
54,015
AUKUSt
64,243
117, ,684
151.972
16.621
3<l wkSept
18,167
4thwk8ept 365,689 344.021 2,666,591 2,609, ,294
20, 90O
23,000
11,000
10.400
August
1,113,359 1.028, 525
4thwk8ept 114,845 100,06
336, 720
341,193
ithwkSept
35,470
34,539
839, 171
975,119
4ttiwkSept
96.154
87,510
144.990
139, 137
11,544
10.690
3d wk Sept
July
4.665.602 4,588.158 4,665.602 4,588, 158
lis, 943
97.523
58,023
August ..
50.f32
ithwkSept 794.883 702,348 7,172,598 6.361, 26s
August
69 .450 744.750 1,301,631 1.32'J, 831
IthwkSept 12^».003 131.371 1,154,081 1,241, 394
19, 020
17.479
19.020
July
17.479
192,000 177,222 1,778.346 l,8l(i, 362
4t WkSept
22 66s
24.056
11.203
12.530
August
September 639,135 58-^110 1,741,525 1.G46! 893
1
VliAKS.
KOADS
iiross
£anungs
'.Current
Jan. 1 to Sept 14'
Mexico... Jan. 1 to Sept. 30
Central
Jan. 1 to Aug. 31
Northern
tPonu.<v.. East of P & E... Jan. 1 to Aug. 31
E
Jan. 1 to Aug. 31
cWestol
Pere Marquette
w Jan. 1 to Sept. 30
PhUa Baltimore AWash.. Jan. 1 to Aug. 31
Philadelphia & Erie
Jan. 1 to July 311
Pitts Cin Chic & St Louis.. Jan. 1 to Aug. 31|
Rio Grande Junction
Dec. 1 to July 311
Nov. 1 to Aug. 31!
St L VandaUa <fc Terre H
Terre Haute & Indianap .. Nov. 1 to Aug. 311
TeiTe Haute <fe Peoria
Nov. 1 to Aug. 31
Jan. 1 to Sept. 30
Texas & Pacitio
West Jei'sey & Seashore. Jan. 1 to Au^. 3
tMexican Southern
;
1
f
National
RR of
P&
.
.
Year Freviou-t Year
$833,323
8.605.104
6,636,045
76.476.669
Derr case,
8,660,299
8.990,216
4.190,211
15,611,100
350.819
2.291.559
1,695.751
525.109
S. 105.240
3,077.083
$718 492
8.553 095
6.882 245
8::,191
969
2,034 .400
8.323 ,737
8.965 816
4,3s4 328
16,267 139
367 639
2,014 200
1,629 224
506 137
8.194 817
3,051, 683
6 Includes the Hous <V Tex. Cent,
Results on Monterey <& Mexican Gulf are included for both periods.
1 Mexican
currency.
both years and for botu periods,
n Includes the Chicago Jt Eastern lUinois in both
e Covers lines directly operated,
w Includes Lake Erie
/ Including Sav. Flor. * West, and also Florida Southern and Sanford
Rys. in both years.
& St. Petersburg
Gull and Tltton & Nortaeaalem.
Det Riv. Ry. both years.
a These ilgares are lor the oonsoUdated oompauy. Inoludins Tilton Thosv.
t
and
its subsnl. lines in
years.
*
Year
34,332
29.686
& No East July
7,608
9.620
Manirttique
August....
32.201
30,780
Mary I'd <S: Penn.. August ..
2,089,896 2.052.815
tMe.xloan Cent'l. August
.Current Year .Previous Year
Allegheny Valley
'Jan. 1 to July 31
Atlanta &Charl Air Line.. Mar. 1 to July 31
Atlantic & Birmingham a L>ec. 1 10 June 30
Bellelonte Central
Jan. 1 to .lug. 31
Chic St P Minn & Omaha.. Jan. 1 to Aug. 31
International & (it North'n Jan. 1 to Sept. 30
Lake Erie & Western
Jan. 1 to Aug. 3
Manistee & North Eastern JaiL 1 to July 31;
Manistiqne
Jan. 1 to Aug. 31
Maryland & Pennsylvania Mar. 1 to Aug. 31
Missouri PaciUc
'Jan. 1 to Sept. 30
Central Branch
IJan. 1 to Sept. 30
Total
!jan. 1 to Sept. 30
Mexican International .. Jan. 1 to Auk. 31
;Mexican Railway
iJau. 1 to Sept. 17
|
I^evUnu
Manls
'
BOADS
Current
Year
41.000
19,000
22,000
; Mexican litem. August
Dee 136.389
136,389
WkSept 17
: Mexican Ry
435,730
37.187
454,226 JMoxicanSoulh'u 2d wk Sept
5,594,733 10,187,170 10,981.325 MlUen <k So'w'n.. Auvust
260,262
317.285
260,262 Mineral Range.. 4thwkSept
124,226
65,928
128,877 Minneap »t St L. ithwkSept
2,929,683 2.775,254
13.603
16,215
13,603
16.215
5,870,352 5,989.448 11,144.894 11,853,915
August
August
Week
Uonlh
Iju T
s
59,508
I.453,y9«i 1,359.539
July
Lautt Urou JCamlngt
S
55,333
AlaN O A
July
Currenl
Year
iYertouJ
Year
S
Al» Gt Southern. 3d whSept
I
&
—
..
.
Oct.
,
-
THE CHRONICLE.
1904.
8,
|
Latest Uross Earnlnffs by Weeks.— In the table which
follows we sum ap separately the earnlnKS for the fourth
weAk of September. The table oovers 35 roads and shows
5'10 per oent inorease In the aggregate over the same week
last year.
1904.
ith week of September
Bnffalo Rooh.
s
230.606
101,100
1,277.000
314,905
3.838
21S,966
162.276
43,467
132.569
46S.400
& PlttBb'n
Canadian Northern
Canadian Paoltto...
...
Central ot Oeortria
Obattanoo^a ^ootbem.
Oluoasto wreat Western
Ohio. Indlan'llH A LoolBV.
Ohle. Term. Transfer....
Colorado A Soathern....
Denver A R)o Grande
Detroit Bonthem
4'>.5fi9
Dolnth Bo. Shore A Atl
Hooking VaUey
International A Gt.No.
lowaOentral
Kanawna A
LonlBvliJe
A
73.261
135.868
243.179
69.969
60.721
Miohifran.
NastavlUe..
I,0l8,^5.^
18 736
89,121
246.441
700.794
1.442.000
34.000
Mineral Ran«re
MlnneapoilB A St. Loole
Minn. St. P. A S. 8te. Si
Mo. Kaosas A Texas. ..
Mo.PaclfloA Iron Mt...
.
Central Branch
Nashv. Chat A St. Lools.
Matlonal BR. of Mexico.
Pere Maraaette
8t. LOD IB Sonth western
Bonthem Railway
Texas A Paolflo
Toledo A Ohio Antral
Toledo Peoria A West's
Tol. 8t.L.A West
2'i«.159
270.214
364.048
2.^2.734
1,367,689
365.689
114,^45
35.470
96,154
794,883
129.003
192.000
<
Wabash
Wheeling A Lak e Erie.
WlseoDBin Central......
Total <39 roads)
Net inorease (5-10
1903.
*
212.202
94.300
1,226,000
257.183
2.H44
231.550
156,766
41,968
146.567
486.600
47,304
76.760
131,284
231,760
68,027
36,871
995.354
16.614
84.550
205,917
693,167
1,484.000
71.000
265.380
263.422
S23.513
217.629
1,263,7m
844.021
100,062
34.539
87,510
702,348
131,372
177,22
11,344,726 10,793,81
p. o.)
lHcrea$e.
Decrease.
«
18.403
8,800
51.OO0
57,722
«
12,584
1.520
1,499
12,99S
18.200
6.735
3,499
4,582
11.419
1.942
13,850
23.20
2.122
4.571
40,524
107,627
••••
10.779
4.792
40,538
35.105
93,970
21.668
14.783
931
>•••
42.000
37,000
.... -.a.
of 8 ptember.
Preylonsly rep'd
1904.
9
9.230,702
9
8,523,616
55,38:-
43r'dii
Oln. N. O. A Texas Pao.
Interooeanic (Mex.)...
Mexican Railway
Mob. Jackson A R.Clty..
Toronto Ham. a Buffalo.
,Total(49 roads)
IT
(8
39
Week ending
tnerecue.
59..^08
133,901
iri2J,300
1 1 5,000
1I10l,©40
ir9.004
117,046
23,200
1.9S8
10,690
11,541
p. o.
8.928,593
1340iS'
.
2,369
185,385
Decrease.
9
61,073
4,125
138
815,577
749,38-
""854
66,190
Bept. 17.
For the month of Septe^ipber the returns of 39 roads show
as follows:
\'r
Montfv of September.
1904.
1903.
OrOBB earnings (39 roada) 49.911.439 47.708,169
It will
the
2,203,270
Per Oent.
4-62
a gain on the roads reporting in
of $:i,2o3,270, or 4 di per cent.
be seen that there
amount
iTicrease.
is
NetEarninifsllonttaly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, Inoludlng all
roads from wblob monthly returns can be obtained, Is givet
once a month in these columns, and the latest statement of
this kind will be found in the Chboniole of Sept. 24,
1904. The next will appear In the Issue of Oct. 22, 1904.
— Oross EarntDgs. —
Current
Previous
Tear.
rear.
Bo(td$.
Atlant. Coast L. a.. Aug.
July 1 to Aug. 31...
Baltimore A Annapoiu
Short Llne.a
July
1.453,996
2,929.083
13,603
176.010
July 1 to Aug. 3i
329.828
BaOalo A S'Bqne.a Aug.
96,241
July 1 to Aug. 31
176.557
Chicago A Alton. a Aug. 1,193,064
July 1 to Aug. 31... 2.140.204
Chlo.Ot. West'n.b Aug.
626,195
July 1 to Aug. di .. 1,1o3,9l9
Ohio. Ter. Tr ausl. b. July
133,883
01.01n.0hl. A8t.L.bAu«. 2.126,098
July 1 to Aug. 6i
3,890,1s2
PeoriaAEaB'n..b Au^.
260.127
July 1 to Aug. 3.
493,842
Color'do ASouth.b.Aug.
490.749
July 1 to Aug. 31
974,129
Com wall. a
Aug.
6,875
July 1 to Aug. 31
11,910
Den.ARloO'de i>...Aug. 1,424.977
July 1 to Aug. 3i
2,746,615
Dul. So. Bh.A Atl.b Aug.
237,229
474,137
July 1 to Aug. 3j
Ft.W. A Den. OiT y.bAug.
191,873
383,046
July 1 to Aug. :^i
41,126
011aVal.Qlobe<&£< .a July
159,080
eoif AUhlp l8l...a Aug.
800,861
July 1 to Aug. 3x
Bangor AArooBt'kiiAu^'.
—
—
—
—
1.359.539
2,776,254
Net Earnings.
Previous
Current
Year.
Year
$
814,101
720,638
Year.
S
$
Roads.
Year.
[lUnols Central... a. Aug. 4,214,208 3,971.103
July 1 to Aug. 31 ... 8,019,392 7,793.305
530,672
Kan. Olty South a .Aug.
611.370
995.971 1,011,308
July 1 to Aug. 3 1....
Lexln«r'n AEaBt.b..Aug.
39.890
53,413
78,249
104,146
July 1 to Aug. 3 1..
Loulsv. A Nashv.b.Aug. S,'' 57,920 3,017,939
July 1 to Aug. 31 ... 6,017,759 6,042,171
July 1 to Aug. 31....
c Mexican Cent. e. Aug.
July Ito Aug. 31....
Mineral Range. b... Aug.
JtQy 1 to Aug. 31 ...
M.St. P.AB. B. M.b.Aug.
July 1 to Aug. 3 ....
Nash. Ch.A8t.l..b..Aug.
July Ito Aug. 31...
NorfolkA West'n.b Aug.
July Ito Aug. 31....
srorthern Central bAug.
Jan. 1 to Aug. ^ii....
Paolflo Coast Co.. a Au«.
July Ito Aug. 3 1....
67,603
126,001
2,089,896
4,066,710
58.280
113,230
609.578
1.251,067
888,761
1,693.728
1,961,587
3,771,158
919,286
6,636.015
614,740
1,215,505
1.430.429
888,720
2,514.255 1,721,884
145,952
105.697
248.166
215,089
11.010
14,239
22.775
26.681
841.970
1.080,134
1.990,260 1.730.579
54,367
25,521
17.183
108,869
45.773
29.692
2.052,815
614.974
478,389
4,055,657 1,130.597
754.366
60,068
19,969
10,714
98,571
31.781
18.035
603,560
265.272
302.933
1,193,292
569,440
569.666
829.616
266,649
234.320
1,639.090
609,935
471.169
1,927.290
846,029
809.552
8,870.814 1,549,776 1,629,957
919.036
302,876
234,576
6,882.245 1,493,492 1,577,692
567.353
128.686
113.976
1.127,716
256.524
231.898
Pennsylvania-
—
—
'22,260
1I91,<<00
TI
9
768,159
Year.
jJan. 1 to Aug. rf I ...76,476,669 82,191,969 22,371,356 25,210,468
Deo. 336,200
Inc.
349,800
\yeBtof PlttB.AE.Aug.
Deo. 2,034.400
Deo. 757,200
Jan. Ito Aug. 3 1
1.249,127 1.195,127
443.226
391.726
Phil. Bait. A WaHh. bAug.
8,900,216 8,965.816 2,288.920 2.430,820
Jan. 1 to Aug. 3 1
14,778
9,677,980
(
Alaoama ut. soatnetn
Ret Inorease
1903
Previous
Tear.
Lines dlreotlyoperated
8.64<
686,296
5sO,911
Net Earnings.
Current
Previous
-
Current
JEastOf PlttB.AE.Aug. 10,299,S90 11.041.290 4,113,6''2 3,961.662
92,535
• *-r
— Gross Earnings. —
1
>
...
1455
Lonls'naA Arban.aAug.
994
.... -..
For the third week of September our final statement covers
49 roads, and shows 8*39 per cent increase in the aggregate
over the same week lust year.
8d letek
,
aioOrande Sonth. bAug.
July Ito Aug. 31....
St. Jos. A Gd. Isl.b.Aug.
—
July 1 to Aug. 31
Southern Rail way Syst.—
Southern Raliw a Aug. 4,041.551
July 1 to Aug. 8i ... 7,757.668
668.209
Mobile & Ohlo.a..Aug.
1,263.606
July 1 to Aug. 31
626.126
Cln. N.O.&T P.a.Aug.
1,183.567
July 1 to Aug. 3»
274.820
South a.. Aug.
Ala. Gt.
511.359
July 1 to Aug. 31....
134.752
Ga. South. A F a.8 Aug.
266,644
July 1 to Aug. 3i
364.332
Tol. St. L. A West.. Aug.
691.450
W.Jersey A SeaBh.b Aug.
S.077,083
Jan. 1 to Aug. 3i
X12.530
WrlKhtsv.A Tenn bAug.
X24,056
July 1 to Aug. 31
581.546
Tazoo AMlBB.Val.a Aug.
July 1 to Aug. 3i.... 1,102,390
—
—
—
7,699
16,215
4,141
63.8^8
67,821
166.368
117.t86
328,974
117.011
24,969
76,722
37.389
61,614
167,225
68,667
355.868
484.367
1,047,166
702,0:^7
2,000,073
770,047
222.129
730,741
188.108
386.67 2
1.411,423
305.511
59,997
140.620
44.896
587.6S1
2.001,296
708.497
3,861,550 1,226,793 1.116,205
73.135
75,173
268,561
120.468
124,121
481,837
663,719 dl4R.809 d1''1.0n5
1.094,447 d299,652 41334,020
4 63-1
9.969
2,671
5,159
20,271
627,021
575,691
1,609.202
3,128,594 1,119,916 1,222.28 i
113.:^16
91,407
268,980
17c, 624
212,598
584,219
90,889
259.118
67.363
199,427
115,943
623,056
n 13,603
67,285
44.387
153,718
117,221
76.961
306,685
49.106
97,822
119.268
234.140
14.058
28,668
43.342
60,430
25.371
51.507
21,815
44,298
3,754,006 1.225.783 1,171,334
7,848,737 2.142.827 2.071.582
214.515
693,143
138.142
1,221,996
347.612
311,889
l.'il,841
642,628
127.661
1.177,516
291,310
265,089
56.9^3
258.522
65.894
502,371
83,000
121.152
133.474
27.47 2
30,048
277.981
61,194
64,444
303,652
127.811
100.884
744.750
365.661
366.161
3.051,683
887,055
849,455
Xll 203
2.853
492
x22,668
6,009
2.348
560,814
103,601
39,891
1,064.783
135.209
73,129
a Met earnings here given are after deducting taxes.
b ««« flarninsB nereeivAn are oeforr deanotinff taxes.
c These figures are in Slexloan ourrency, and are oonrertlble Into
cold at theourrent rate of exchange.
dNet. after deducting taxes Is $128,432 and $122,537 for 1904
and 1903 respectively for August and $259,898 and $284,434 for
period from Julv 1 to Aug. 31.
e Inoiattes resulte on Monterey A Mexican Gulf and CuernavaoaA
Paoiilo, Rio Verde Branch, etc.
J These tlgares Include results on the Buffalo A Allegheny Valley
Division In both years.
n Expend i'urex for betterments in July were $1,487 and balance of
net eornlngs f<ir July was $12,1 16.
X Includes $380 " other Income" for August this year, against $425
la>-t year and for period July 1 to Aug. 31 $763 this year, against S869
last year.
—
Interest Charges and Sarplns. The following roads, in
addition to their gross and net earninas given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below these charges.
—Int., Rentals,
etc.
—
Current
Roads.
Bangor
Olev.uln.Ch.ABt.L Aug.
July 1 to Aug. 31
Peoria A East
Aug.
July 1 to Aug. 3i
Den. A K. Gran (In Aug.
July 1 to Aug. 3i
Unl. Bo. Sh. A Atl.. Aug.
July 1 to Aug. 3i....
Gulf A Ship iBl ... Aug,
July 1 to Aug. 31
LoulBrna A Arhan.Aug.
July 1 to Aug. 31
Mineral Range
Aug.
July 1 to Aug. 31. ..
Nasbv. Ohat.A HI. L.Aug.
July 1 to Aug. 31
—
A
WeHt'n....Aug.
July 1 to Aug. 31
iilourande SuiM
Aug.
July 1 to Aug. 3i
II
St. loB.
AGr.
.
iBl'd.-Aug.
July 1 to Aug. al
Tol St. L. A WeHt. Aug.
.
*
t
Tear.
$
A Aroont'k. Aug.
July 1 to Aug. 31
Bnffalo AS'squeh. Aug.
July 1 to Aug. 31
Sorfolk
Previous
Tear.
.
$
306.859
766,176
35.636
71.023
135,052
226,847
45.757
93,301
16,675
31,350
311.831
618.020
41,688
83,376
843,998
689.822
89,142
178,283
20,157
40,303
11.350
22.700
9.446
18,&93
150.502
301,005
298,230
686.460
17.838
86.244
22.745
45,000
67,917
$
.
-Bal. of Net Earn'gs.—,
Current
Previous
Year.
Year.
.-
$
$
48,621
22,064
15.207
96.162
23,710
22.524
•37,450
•22.600
12.330
*68.709
•46.332
24.702
305.080
396,666
282,571
607.108
608,773
608.097
41,688
33,485
31,447
37.098
83,376
40,745
331.943
f234,225
t298,199
1613,339
656.938
t482,043
8M.642
•25,799
•3,052
•37.144
2,120
177.286
•39.000
•24,802
19.206
•80,753
•38,000
38,415
•16,772
•9.796
8.817
•14,653
•28,376
17,683
•1,220
'10.627
9,696
-def.970
•13,093
19,393
74,338
116,046
149,982
171.206
208.930
299,963
552.799
546.66;
262,891
963.3(6 l,104,<i0r
525.905
'7.545
17,838 •det.3.770
18,211
36,244 •def.4,«57
18.9!S9
19,597
2,856
15,430
6,415
87,883
42.389
58,496
69,894
After allowing for other Income received.
Thnne tignreB are after allowin^t for other Income andfordisoonnt
and eiohauKe The Bum of $10,000 l« doductod every month from
surplus and placed to credit of Renewal Fund.
. ..
. .
i
.
,
.
—
.
)
THE CHRONICLE
45()
[Vol. DLXix.
STREET RAILWAYS AND TRACTION COMPANIES.
Current
li<itt$l
Okohh
Grott
Wfk or Ma
Albany A nadsoii ... Augnst..
Amerloftn K'ys. Co.||. AUgUNt...
Anr. £1kIu& Chlo.Ry Augnst...
Blnfihanitou Ry
Boston Jf Woroepter..
BnrllDKt'n (Vt.) Trao
Cal. Gas <& Elcotrlo.
tamingi
0*«'"'»»<
/an
1 lo
T*ar.
•
C
84.980 81.562
144.642 145,254
9
192,442
950.402
293,890
170,102
ft8,S53
Auxust...
Tear.
«
178.836
894,592
27,879 25,372
16i',659
August. .. 55.Ree
"8,643
'60,345
August
9.261
53,494
August
326,661 227,656 2,100,054
Cent. Penn. Tract.... August.... 53,199 50,201
3.13,827
844.804
Obioapo A Mil. Eleo. August...
85,087 30,46.^
270,565
153,715
<Jhio A Oak Parb
September 63,868 67,0Be 588,640 598.780
Oln. Dayton <feTol.Tr. August...
fil,843 56,645
324,859 341,503
Oln.Newp. A Coving.
LlKht <fe Traction. . July
121,410 109,007
682,391
780,268
iQltlzena' Ry. A LIrUt
v'MnBoatlne, Iowa).. \ugnpt
9,583
67.832
63,883
10,007
80K,782
01eve.&Bo.W.lT.Oo.. Aagast
287,072
51,488 46,535
149.(32 141 861
25,845 2»,04Vi
Oleve. PalDBV. AE... August....
DetroiT United Ry..n I'hwhSr-p. 111,788 111.71( 3,868,06,'S 3,287,368
thwkSep. 14,686 15.031
46l,42^
464.904
Dulnth Street Ry...
Kaet St. Lonla & Sab. \ugust
180,683 93,»9.'<
666,781
848,814
ElRln Aarora A Son. Aagast
802,211
805,694
41.893 47,423
rt.
Wayne & Wabash
Valley Traction... July
Havana
Eleo. Ry.Co.
Wk. Got. 2
J
67.664 59,932
31,177 128,939
826.57f
1
Syraonse Rap. Tr.bAo^.
Tol
71,328
146,619
9,152
JuJy 1 to Aug. 31 ...
& lodlaDa.a...Aug.
\el Earnings.-^—
Current
I'rrcUruM
I'rrrioua
Year.
Year.
LaUii Paie
Our rent PrewwHt
Prtv'ui
—
GroHX Earnings.
/
Year.
irar.
*
81,186
65.544
8,842
68.569
14U.615
7,389
80.607
63.032
3,034
a Net earnings here given are after dedactlng taxes.
b NetearnlQgsheregl ven are before deducting taxes.
Interest Charges and Surplus.
f—ln(., lientals,
etc.
— r—liaLof Xel Eam'gtj^
Ourreul
Previous
Current
PrevutUM
Year,
Year.
Year.
Year.
Roads.
$
Syracuse Rapid Tr.Ang.
July 1 to Aug. 81....
20.132
40,454
OALIFOBKIA Qk.%
Expenses,
on
August—
$
20,088
40,355
A ELBOTBIC
Corp.
bond
Sur-
Gross.
Sut>. Co.s.dc.
plus.
$326,661
227,656
1904
1903
10,279
22,467
OOBPOBATIOIt.
int.
botuLs of
$
11.004
25,080
$251, '85
169,274
$75,526
68.382
Sinkin{;
fund. Biilane€.
$36,418 $12,500 $^6 568
33,383
12,500
12,549
iyiterest.
291.919
1,268,863 11,100,861
HonolDln Rapid Tr
A Land C!o
HouRhton Co.
26.388
20 600
79.768
22,887
A.agast
St.
Ry July
Illlnole Traction Co.
AQKUSt....
Indlanap. & Eaet. Ry. Augnst....
Indlanap.As Martinavllle Rapid Tran.. Augast
25,696
17,47.
71,00(
17.986
216,208
110.512
618.479
139,077
176,857
ANNUAL REPORTS.
107.7,10
499.347
94,545
is
39,918
Intemat'l Tract. Co
System
Itbaca Street Ry
August.... 18,161
Jacksonville Eleo.Co. July
25.222
KanpaeClty Ry.& U. July
366,379
La)ze Shore Elec. Ry July
74,089
Lehigh Val. Trao. Co
Htreet Ry. Dep
August.... 56,150
Electric Llxht Dep. August ...
12,981
Lexington Ry
AOKUSt
Lo :don8t. Ry.(C»n.)
Mad. Wis.) Traction
Met. West Side Eiev..
MlLElec Ry.&Lt.Oo
MlLLt.Heat&Tr.Oo
Montreal Street Ry.
Mnncle Hartford 4
Wayne
AagnBt...
Musk. Tr. A Llftht. Co
Street Ry. Depart.
Electric Light Dep
Ry
164,547
2,324,333
67,186
345.092
54,633
11.93?
35 83.^
18,317
409,173
106..'S50
17,647
14,0ie
August
13,4.19
August....
2,691
8.848
12,753
13,321
2,29S
8,80
10.788
64,177
21,810
28,581
Angast....
>
July
July
74,237
9,446
71,428
7,742
August
9=S,963
97,53J-
The report of President Spencer, together with the balance
income aocouat, operations and otber tables, are pubon pages 1465 to 1471. The comparative tables below,
compiled for the Chronicle, ehow th« results of operaMons
of the company for tour years. In 1900-01 the 8t. Louis
61,35 i Division operations and earnings, etc., are inclu led for the
1,525 094
entire year, but in income account for only the six months
1,964,082
27'<.a78 actually operated from Jan. 1, 19.}1.
428,515
99,762
201,188
93 886
64,801
23,432
29,079
872,721
90,708
588.929
359,84?
941,823
343,040
78,915
582,287
29^,347
913.817
59,622
.
14,974
16,084
85,860
OPESA.TIO^S, EABNIH08
1903-04.
1,151
EquipmentLooomo Ives
860
AND EXPKNBK8.
1902 03.
1901-02.
1900 01.
915
788
937
800
1,026
842
37,283
760
34,684
33,056
877
715
678
58
Paseengeroars
Frelvhioars
103
181
144
7,164
7.129
6,743
36,8'i5
Ro*d hervicecars..
boats, Ri'm'r8,&o.
Operations —
Avrr. ml esoper't'd.
P, 611.069
9,676,^46
Passenger-* carried. 10, 96.238
Pace. Carried 1 mlle.486,309,079 465,903,106 427.'<41.247
2 319ot6.
2 244 ctS.
Ralep p»S8. p mile 2d27ct8.
Fr'ght (tODK) oarMt. 20,73-1.049 19,19',484 18 811,538
*3.a8,263 *2,95»,717 *2, 678,^08
Fr'Mtons)car'd,l
O'i^oOots.
0931 cts.
Batepertou p. miie 0*933 cts.
Average train load
189'80
193'29
19531
(revenue) tons ...
m
1
62,624
6.799
8.0^6.855
•
89D,41M27
2 322 ots.
15,887,376
*2, 187,383
0-93 1 ots.
il-771
$0-973
$6,218
$
11,314.045
80,032,416
1,69*,673
1,246.109
821,534
192-43
$1-819
$i-79l
$1-042
$1-044
$5,941
$5,^92 29
$5,260 14
$
$
$
10,801,542
9.601.360
9.061,805
28,081,034 24,942,460 23,617.462
1,688,118
1,646,525
1,563,562
697.037
99 ).576
776,827
789,791
745.576
753.916
46,109,777
43,354,061
37,712.248
35,697,772
Conducfg transp'n. 17.33B,941
12.940,078
6,767.150
11,798,951
5,823,618
6,140,231
1,238.440
1,094.172
26,«46,8S7
(7119)
10,865.411
m
Earns p
fr't tr
Earns,
pats, tr m.
p.
Ettrnsp mileof
.
I'd.
Earnings—
Passenger
Freight.
89,861
54,770
August.... 1014,776 659,535 6,246,856 4,766,704
8t. JLonie Transit..
Sao
sheet,
lished
Tugs, barges, d^al
August
48.62a 43.86(<
Stiptember 99,610 102,160
July
62,6413,844 l&,20.i
Peeks. L't'giSsRR. Co. July
10,807
160,889
Philadelphia Co. ana
Affiliated Corpor's. June
1487,318 1,310,889 7,928,594 7,728,567
Plttebnrgh MoKeesport <fc Greensb'g.. June
15,876 13,351
68,644
65.967
Voitsv. Union Tract. Angust
23.312 22.34a
136,114
129,117
Co.Qen.— Roads August
9^2 225.275 212.286
Bys
41.656 36
Light Co'a
August
15,929
2,079
1.95^
15,309
Boohester Rallwav
August
137.369 119,304 984,699 838,474
East. Rap. Ry. August
Booh.&
24.732
Kockford Belolt A
JanesvlUe
August
8t Joseph <Mo.) Ry
Lt. Heat A Pow. Co August.,..
year ending June 30, 1904. J
327,689
Norfolk Ry. &Lt.Oo.
Railway
City Gas Co
Nor. uhloTr. A Lt. Co
Northern Texas Trac.
Northwestern Elev.
Orange Co. Traction.
(""Report for the fiscal
138,251
116,947
Gas Department... AURUSt
8t.
11,337
21,677
2 14,381
97,721
19,230
68.002
August
9.424
9,104
8rtptemt)er 161 860 169.4?9 1,143 96.
August.... 272,325 26'4.92( 2,084,94
249,H46
Angnst.... 50,336 49,33H
August
236,245 211,816 1.639,427 1.468,847
35,6''9
July
Ft.
New London
Southern Railway.
August... 434,03A 429,980 2,789,834 2,624,877
(Boflalo)..
—
The index to "Aonnal Reports," which
omitted to-day, will be found in Chbomicle of Sept. 24.
Annual Reports.
13,674
Indlanapollf&North
western Traction.. Augnst
Mall
Express
Miscellaneous
$1-837
$r(3I
Panic
(Brazil
TranQ. L't A Po. Co
Savannah Elect. Co
July....,
July....,
106,000 100,587
51,463 50,311
805,10->
289,716
AUKUSt..
81,718 80.085
570,36e
540.954
Seattle Electric Co.
July....
197.392 184 931 1,320,00^ 1.174,388
Sonth Side Elevated ieiiiember 112,681 122 631 1,128.9.17 1,140,110
SprlngU'd <)t Xenia 1^ Wk8eptX8
942
39.80^
1.14«
40,660
Syiaonse Rap.Tr Ry August
71.328 68,56^*
560,622 022 5 MO
Tampa Electric Co. July
28.80^ 26.101
201.50U
171.992
TerreHante Elec.Co July
54,213 42.044
314.068
249,857
Xol. Bowl.Gr.&8o.Ti July
24,134 26,402
148.459
160.112
Xolfdo Rys. A l-lght AugUNt
156.367 150.616 1.139,603 1,075,918
Toledo & Ind. Ry.... August.
9.152
7.889
Toledo A Western... July
21,589
118.929
Toronto Railway ... Wr Oct. 1 46,8 ^.^ 41,734 1.804.417 1,601,224
Iwln City Rap. Tran. 4thwkS'pt 01,040 97,202 3.20.1,703 i.0i8.938
United of i^au Fran August
S52 234 '572,608 ).. 299,368 4,039.880
Wa«h. Alex.ib Mt. V Auunst
21.169 20,604
160,292
162,253
Tonngst ow n- Sh aron July
40.020
264,288
Soranton Kallwav.
.
.
.
Grand Army of the Republic annual encampment.
Spanish stiver.
These are reaulta tor properties owned
n These earnings Include the Detroit United Ry., Detroit A Port
Hixxon Shore Line and the Sandwloh Windsor A Ajntaerstbarg Ry
Total
Exptnses —
General
140-,296
Taxes
1,399,885
16,759.973
6,788.997
6,916.823
1,391,088
1,187,259
33.115.467
Total
(73 41)
P.o of exp.toearns.
11,994,310
NetearnlDgs
30,989.140
(7818)
11,364,921
Way and
*
OOO's omitted,
narrow-gauge
II
Street Bail way Net Earnlngra.— The following table gives
the returns of Stbbet railway gross and net earnings reoelved
this week. The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be procured, was given Oct.
1, the next will be given Oct. 29.
— Gross Earnings. —
,
Current
Indlanap. & Northwest
Traction Co
July
Mnntll of
Aug
PeeksKUl Lt.&BR.aJuly
Previous
I'ear,
Year.
.
Xel Earnings.-^—
Frevioua
Curren*.
Year.
Year.
17.276
20.671
5,071
t
5,6'<2,919
1,^75.877
1,210,818
Not including company's
freight.
25.093.413
(70-29)
10,604,368
}
Including
IMOOHB ACCOUNT.
1903-04.
$
Receipts—
11,994,310
Neteariilngs
1,395,181
Inc from Investm's.
MlBOeUaneous.
Total
1902-03.
$
190108.
$
1900-01.
$
11,364,921 10,865.411 yl0,316,850
690,655
446 810
1,164,011
133, b64
52,8i>0
47,250
13,889,491
12,676,182
11,689,920
10,816,663
8,952,829
8,446,041
7,833,614
7,181,296
255,409
_
93,767
x3,000,000
2,400,000
Deduct—
Fixed charges and
rentals...
Improvement* and
b«uerm"nts
773,806
MlBcellaneous
256,''63
Dividend on pref...
percent.
do
.,.
3,000.000
(5)
)
18,S,000 V
287,663
3,000,000
(5)
12,982,898 11,868,704
Total
707,478
406,594
Balance, surplus....
xThe
31,254
39,918
10,807
356
7,262,988
oars.
*
}
6,7(i6
stroorur^B.
Ma<n(. of raalpment
(6)
11,089,023
600,897
(4)
9,675,068
1,140,600
October, 1902. dividend (2^ p. c), though deducted here from
earnings. w*s really oliargad to th-i prottc aud Ions aojount,
thfi yt^ar's
theeainlngs of the year, the aooonnts being closed before the
j bee iniroduotlon.
dividend was declared.
jio<to
i
OOT.
OGNBBAL BALANCE SHKKT JUNE
QENEBAL BALANCE SHEET JUNE
30.
1903.
1904.
1904.
1302.
Co«tof .qnlpment
Seonrltles pledM**
or held tor
6Z,nl5.d4l
control
Securities owned
'o
— ^'X ioVo
Materlalf) and nDpnUest
'^a
Bills receivable, u*forr«'d
^^*na
Incnranoti raid, not acoraed
ooqapq
In transit
®lr'„o«
1,061.289
Dnefrooi agents, etc
988,8!+3
642,.'S88
18t>,ft70
Bills rwcelvablf, current
628,^80
3i9,655
Advbnoes to nbsldiary oomp'les
Sundry acoonnts
416.412
646,190
695.420
8^.8«0
329,284
80J.010
395,850,120 388,834,8i7 362,648,767
Total anaets
—
Bn
76«,' 70
419.103
776,223
.^42.0 17
18<,i08
3i9,V68
23.s7t3
423,3^5
1,044,114
lAabiliiiet
Oomuion Block..
170,000,000 120 000,000 120,000 Of
60.000,000 60,000.000
6o,0 '0.0
Preferred stuck
4,'>.12 6(10
4,9 42,600
Mobile & Ohio stock trust oertlfs. 5,632.600
152,434,100 188,870,321 129,231,900
Funded debt
securities cf leaseOutstanding
31,149,500 31,149,'iOO 25,140,000
hold estates
4b,2?3
Equipment notes, old companies
5,0?>0,H7.^
7,021,810
7,790,298
oWlKatlons. 80. Ry.
Equipment
Sj-'OO,! 00
2,240,000
Certilloates of lndet>tediie»8
107,0(10
10^000
107,000
No. Eastern KB of Ga. purchase.
1,459,088
1,433.569
1,602,138
funns
Reoerva
57t».2l4
49^,141
4 9,961
Taxes accruetl, not due
847.617
776,711
965,9 »9
Int. ai d rental aocrned not due.
2,147,800
2,299.999
2,389,631
rental due and unpaid..
Int. and
9<,'=i26
6?,858
102,069
foreign freight claims
2,.S9/,3e8
2,441,957
2,209,749
Audited vouchers
l,50n,000
l.-'^Ol.OOO
for Dividends
Reserve
^,f04.^ 5
1,.»89.473
1,310,645
Unpaid w«»fes
619.2.'^4
722.089
791,372
Due oth* r transportation cos
411,670
3 7,098
502,015
Inolvlduais and companies..
Due
218,352
171,6 »
165, 5* 5
MlBOeilaneouH accounts.
e,510,89'>
5,?362,56a
6,162 898
Profit and loss
.386,830,120 388,831,817 362,618,767
Total llabl itles
79, p. 968, 734.
L< nisTille
(Rep'H
The annnal
for the
&
Neshyille Railroad.
fiscal
60,000,000
2,9l9,i32
24,015
3.959,373
Miscellaneous and contingent...
11,684,426
Pro lit and loss
H
Walreport of the BoirtJ of Direciors (Mr.
Chairtnan, and Mr. M, H. Smith, Prepi(3*^nf.) will be
fonnd in full on pages 1471 to 1481) of the Chroniclb, with
the most important tables.
The statistics for fonr years have been fully compiled for
the Chronicle as below:
EGAD AND OPEBATION8.
Aver, miles oper..
Hquipmenl —
190203.
3,439
1901-02.
3,327
190001.
3.169
563
589
605
676
Loooujotlves
456
471
462
601
Passt-nger oars...
24,880
23,663
28,118
Freight, eto , o*r8
30,906
Optrations
7.197,P1<J
6.872,8<4
7,863,650
8.647,<69
Pas-enners carried.
Paes.oarrl-d 1 m'le.311,681,892 292,.!88 632 263.429,527 239.''30.479
2-3'> otB.
2 37 otg.
2 32 ct«.
Ratep.raps. p. mile. 2-38 ots.
Freight (ions) car'd* 21,4 v9,278 20,6''7,856 18 32 ',972 16,685.466
Fr't (tons) car. 1 m*3460 354603 34 332 406 307. 503736 26f)59'4116
0'76.'* cts.
0-74 1 ots
0*779 ots.
Rate p. ton p. mile 0-790 ctB.
Average train load
231
222
231
234
(revenue) tors
$1-1097
$1-1475
$1-2429
Earns, p naea tr. m. «1-2515
'2
$1-711
$1-7081
$18
do p. fr't train mile $l-8'0
$9,232
$8,842
$i0,2l0
$10,308
Gross earns, p. mile.
1
'
Not Including company's freight.
EABNIN08 AND EXPENSBB.
Barninq$ from—
1903 04.
$
27,348.817
7.648,«8«
«< 6,715
FielKht
Pa^sen^ers
Mall
Express
MUcellaneons
81i.0<'8
3jO,568
190Z-03.
$
26.678.621
7,044,087
791,991
7< 3,596
331.084
3,613,741
89.301
Pav-roU*. vouchers, eto
Rnservefund
Total
-
1901 02.
$
22.77 -.176
6,217.803
7" 3,611
634. 46
314,491
1900-01.
5,742..S«
1
76', 184
6I8.8HS
479,;-i97
80,712,257
28,0^2,207
10 865,177
10,2P3,297
4.5W5.930
4.140,252
3.995,4 '5
1.0-^1.079
8a,652
Op.exp.,exol. taxes. 25,141,548
freight on
23.970,812
20,b02,438
19,426,551
23,070,812
20,C02.483
18,233,' 33
(H6-07)
material
195,681,531 181,207,274 161,991,988,
liabilities
V. 79, p. 731, 681.
St.
Lonis Sonthwestern Railway.
year ending June SO, 1904 J,
President Edwin Gould, writes under date of Sepf. 15:
Financial -The amount of capital stock remains unchanged. The
f Report for the
fiscal
Increai-e In funded debt of $120,0U') Is caused by the issuance of first
ooni^oiidated bonds to at q tire first mortgage boLdaof the Dallas
branch of the 8t. Louis Souiti western Ry. Co of Texas
The total amount of equipment trust obliirations outstanding on
June 30.1904, was .*'' ,620.24') [ai^ainnt $l,5l>».7n on June 30, 1903],
Ot this am >unt there h-ive been acqalrfl t from the proceeds of sale of
consolidated mortgage bonas notes agureuatirg $3,505,858
(against $3 27i. 696 June 30, 1903) which a-e kept alive an security
for the newb.inrta, leivinir in the hat dsof the pnhiio on Jane 30, 1904,
$^ 114,''8« fooniraptlrg with $2 8,0-6 on Jane 30, 190^].
Physical Condition.— The [physical condition of the property has
been greatly Improved, liberal exj'endlcures havlns; been made for
betterment-* and new equipment. Attheolo»eof the fiscal year the
main track between Qray'H Point,
V-s.. was en>., and Ft. Wortu
tirely laid with new 75-lb. rail, or new rail approximit1n< that
weight, the total number of track miles of the old ."ie lb rail (formerly In main track) replaced with heavier rail, at that date, belmt 6^5
miles. Most o' the pa'<8ing tracks have been exoended. and 35 lb.
rail in these tracks replaced with the ,'S6lb. removed from main track.
he improvements to roadway and track auth riz-d (sach as rednotlonof grades and curvature, raising trank above overfljw, wMenlngembanfemeuts, etc.), are well advanced, most of the important work
heretofore commenoed being now a'>oui. completed
At, the d>ite of this report business conditions and proapeots in the
Southwei^t appear to be quite promising.
fir8t
Vice- President and General Manager BrittOD, under date
of Sept. 1, pavs in part
Maintenance.— Aside from, and Independent of, the expenditures
for bettermenCH and additions to existlog lines, hereinafter referrecl
to, tbe oha'gea to maintenance of way and sruotures account daring
the current fiscal yenkV produce an averaee of $l,u7.S per mile or main
track opera' ed, against $i,LO< for the preoedinsr ye^r
[A.veraeeoost
of maint'-nance of locotnotlves, $1,771, xgalnst $1,8 18 lu 1902 OJ; per
pass»n.rer c^r, $872, against $762; per freight and work oar, $42,
against $39]
iMPBOVKMBNTS.— The expenditures for betterments and addition*
to exiriing lines during the current fi^oal year amounted to $71><,157,
which, together with a portion of the expenditures of a sicnllar nature
made during the peecediug year, amounting to $?75.»'«4, have been
relnibursed to the treasury through issues of first consolidated mortgage bur ds.
EQOiPMiiNT.—The following additions were made to the equipment
dnrli K the fiscal year: Looouootlves 1, parlor cars 1, chair o^rs 10,
coaches. 17; baggage and express cars,?; mall and express cars, 5;
caboose oarn,
box o rs. 2.i>20; 11 it oars, I; boarding cars. 4. Two
loeom lives ard 182 oars were destrovei or otherwise rtl-posed of.
*
Mississippi Riveb —Aeontract was<-ntrred into with the 8t Louli Iron Mouutai
8'>utherD
Ry On., (•fl'eeiive on Aug. 7. 1903, granting that company for its
frelvht tr ii 8 joint use of inis 0'>mDany's tracks between Dexter. Mo.,
and Gray's Point. Mo , and its terminal facilities, including transfer
b als, at Gray's Point, Mo.
Tbat company also grants us the right to Joint use of Its Illinois dl
virion between The>>es, ill , and East 8t. L >ais. Ill, for our freUh and
patB-nger trains, tff o'ive oa Sept. 8, 1904. Oar passenger 'rains
have been operated over this route to and from Hi. L>ouis Union
station In connection with the Teimlnal Ra*lroad Atsooiatlon
of Bt. Louis, under a temporary trackat^e arrangement, since Oct. 18,
1903, on which date the Delta route was abandoned forpasienger
trains. The distance, via iha new route, from Ihebes, ill., to St.
Louis Union Station is 135 miles.
From present Indications the bridge across tbe Mississippi River,
between Gray's Point, Mo , ai d Tbebes, 111,, of the douttierii [lUuols A;
Missouri Brloge Co., in which this company holds a one fifth proprietwry interest., will be coiupleit-d In Jaoa«ry, i9t>5. The o •'Opletlon of
his strncture will do away with the many perplexing difi3 julttes moldeut to the operation ot transfer b lain at this crossing.
Outlook In addition to the increase ex pec ed in passenger trafflo
for ihe eufutng year, in consequenoe of Improved train s-rrloe, the
passenger movement to and fruiu the Louisiana Purchase Exposition
at St. L luls win be considerable, and ihis company wlU handle its fall
share thereof.
T he f eigne, trafflo prospects for the ensuing year are favorable at
tbedatoof this leport. AI' hough the cotton crop uf Texas has deteriorated in the past fifteen days, owing to weather conditions and the
b til-we-vli pest, it Is not b^-lleved that the Texas cotton movement
will be less than that of the pisc season. In Arkansas and Louisiana
ihe O'ltion Dr< speots are good. The Texas .train cops are axsured,
and trade oondlilons generally throughout the South «resc are exceli
$
20,419.162
35,449,378
oo.'s
336,9S8>>
806.401
7,7:i3.682
',^;
12,419,169
5,S14,16l
6.320.0 2
857,410
Less
2,696.986.
926,743,
8,292.710
Trackaoe Rights— Nkw Bridge Over
13,004.536
Mamt. of way e»o... 5,701.442
Mali't. of tquipment. 6.599,028
836,644
General
Total gross earns.36,943,793
Operat'g expenses—
Traill prial'n
60.000,000
60,000.000
Bonded debt (see By. & IND. Sec.) 113,342,500 104,287,3^1 89 60i,860
1,820.583
2,011,0^^0
J.954,577
Interest and rents
1,56(,?>82
l,^59,974
1,535,826
DlvMends
441,738
154.899
624,296
Individuals and companies
M
year ended June 30, 1904J
ters,
1903-04.
8,618
196,631,631 181,207,274 164,991,989
Total assets
Liabilities—
8(oc»
.
—V.
1902,
7,901,165
7,800,269
7,371,460
3.773,510
5,023 426
1,556,231
is owned
Htoeks and bonds in trusts, etc.. 22,380,308 25,012,6i2 16.764,178
Bills and aooounts receivable,
3,596.679
2.830,473
8,664,334
individuals & COS., agents, eto.
4,3i 1.085
2,522,201
2,4»2,?0^
Material, fuel, eto
3.24>i.4fl9
1.P11.724
4,765,716
(Tash
2,ft02.275
4,728,816
Advances to subsidiary oomp'les. 11,090,8^2
1.344,828
Unfunded dlfoonnt account
2,638,665 > o aoo ftR*>
Improvements and betterments. 3,786,399
^.w ">^°'J
2,515.406 5
3,872,238
Mieoeilaneous and contingent...
39.752,072
3.830,178
8 .448,862
;,e'7l,«49
2,134.278
431,978
194,1 a
5.235
8,^64
255.0(10
275,000
66.V78
128.657
3,291.8-6
.994.818
9<7.705
688.617
„ oSI'^T?
3,32«.M4.
Due from U. 8. Government
Duefrom other traosportat'n cos.
Dae from lurilvldnals and cos ...
R'>ad equipment, etc
Timber, qaar. lands, etc
Stocks owned
54, .339.3^9
* S'^nS
Irisoratioe fund
Silk nn fanrts
Cash on li»Dd
30.
1903.
<p
tr
9
133 472,240 123.355.252 121,356,484
981.513
1,079,666
1.279.-!26
Ass6t8~~
9
299.811 016 2fl5, ,322,490 288,lf 6.767
27,078,965 24 ,840,019 21,155,771
0081 Of road
C asli
1457
THE CHRONICLE.
1904.)
8,
4,3 •tj,l27
1.193,618
&
'
25.141.518
P, o.op.
*
(-18-05)
(67-62
11,802,245
ezp.toeams.
Net earnings
11,478,565
(6'H-06)
9,809,819
9,789,174
1901-02.
9.809,820
190001.
Already dedueted above.
INOOMR ACCOUNT.
19o2-03.
1903-04.
Rtceipti—
11.802,246 11.478.665
Net earnings
vestments,
Ino from In
1.122,493
rents and mlBoell... 1,635,164
Total Income
I
9,789,174
1,001,021
704,688
13,487,899
12,601,058
10,810,841
10,493,862
921,700
5,347,297
8 •'2.074
NAD.
844,474
4,845.033
73, 12
265,931
265,'*S1
813, '^38
4,824.660
46,933
2e0.1'8
Blnhlng fond
14»<,H<
DisbuTtttnenlB—
Taxes
rest on ^onds
Oiht-r Interest
RR. rents
In tr
ToH.
&N A
Miscellaneous
Dividends (6 p.
lent.
67,700
o,)...
3,000,000
Total dlsbnrae'ta. 9,749,223
3,6ti8,l71
Balance, scrplaa
144,400
8H.H05
127.155
3,000 000
9,3^)0,010
3,211,048
4,708,345
278,«7^
1*1,100
71.477
53.464
2,875,000
53 46
2.695.000
8,960,632
1.850,309
8,907,748
i,58e.iii
1
8 WOO
65,1 10
Of the 2,669,950 tons carried in 1903 04 lumber furnished
1,48^,271 tons, contrastloK with l,283,ll4'l lOas ia 1902-03; oottou, 124,415. Hg.»ln8t 158,852; cotioa eeed products, 117,778.
agnlnst 156,726.
Phyiical Ct>«<iitton.— Tables supply the f lUowing;
Character of main trai'k. 85 lb steel, 9 miles (all new), 7Mb. steel,
616 miles, agali.st 487 luiletooJcineao. IH03; ro 11) si.-el. 31 miles; 60Ib. steel. « miles; 56-lb. steel, 6o5 mdes, against '16 miles Jane 30,
1903; 85 1b. steel. 86 miles, against 41 miles— total, 1,303 miles.
J
THE CHRONICLE.
1456
BallaKt— R'>ok. Ill mlleH; |{rav»>l and nancl, ^98
oInnerK, Ml nin«i>; nataral sotl. 489 miles; bridges, permannut
feet; treBtlei>, 48 03 mlies.
afra<n*t 1.380 nilleo.
mllei;
pans, 6,340
Operation.— Operations,
8tati»tiai of
etc.,
have been
earnlngv,
cbargee,
:
OFERATIOMB, BABNIITOB, XT>BHBE8, CnABOKB, ETC.
Aver, miles oper....
Operationt—
190203.
1903-Oi.
1,804
1,291
1901-02.
1,293
190001.
1,276
l,281,n28
1,2.')6.335
88,073,256 57,983.^90
3.'^ ots.
244
2*44 ots.
2
2 42 cts
p. mile.
2,S86,387
!i,399,l71
Tons Irelght moved* 2.«ft9.9S0
2.(193,546
do
do 1 mlle*.508,377,628 502,219,465 514,942,815 468,8S7,266
1*21 ots.
Rate p ton p. mile* 113 ots.
1-10 otB.
108 ote.
1.380,126
mile 60,460,489
Fasseo^ierH oarrled.
PaM. carried
1
Rate p pass
tons
tr'nm.
Av.tr. lo'd (rev
Earns,
p. pass,
Earn p
1.318.813
54,769,712
otH.
fr't tr.
252
50 804
92 812
253
)
mile.
$0-74 8
92>>9i
$5,868
Gross earns, per mile
$5,636
* Not Ino'ndlng company's freight.
Earnings—
S
$
PasHfnuer
1,475,485
1.337,732
Frelghr
6,72».620
6.538.014
Mall, express, etc..
444 380
402,828
Total
£xpetites—
Transportation
7,649,482
2,e7'»,280
Malnt of fqalpment
MalDt'oeotway, <&o.
General
0.
2,560,940
828,015
1,424,686
92 533
$5,620
210
$0-864
$2 557
$5,792
$
S
1,364,435
6,555.727
347,098
1,400,713
6,«5«.873
7,267,280
7,387,174
2,636,721
819,588
1,857,932
333.589
2,499,144
672,139
1,080,320
381,289
373,548
442,622
368.825
6,421.697
Total
P.
975,390
1,399,384
7,278,575
232
S(i-833
6,256, i64
2,754,282
82.195
2,836,477
(72'2l)
2.022,411
182,602
2,818,857
Total
(70-88)
2,227,888
90,469
ofezp toearoB.
Net earnings
Otber income
6,173.066
(7118)
2,094,194
89,019
2,306,013
3,183,213
Dtduct—
Taxes
4,632.892
(62-72)
174,516
161,751
195,619
1,897,200
814,848
800,000
180,420
26,000
131,414
130,460
61,228
400,000
386,419
59,143
380,000
258,826
66,907
1,610,639
1,866.023
564.374
328.190
1,661,503
1.174.974
on 2d mortgage
iDoome bords
Eqnlpm't payments.
Bentals and mlacell.
Int.
Total
Surplus*
• Note —The charges as above InoladP the Interest paid on the sec
ond mortgaee Income bonds held by the public, vihioh the company
charges to profit and 1ob». The sarplas for ihe several years as above
is therefore less tha'> the sarplns shown by the income account in the
pamphlet report by just that amount.
OONDEHSED BALAHOB SHEET JUNE
1904.
By
iDvestmenU in stocks aud bonds
Advances
Cash
Aooonnts collectable
Supplies and materials
MlBoellaneons
30.
1903.
S
Aog*ftt
Road and equipment
Gray's Polnr Terminal
Trust equipment
1803-01.
1902.03.
$
1901 02.
$
1900-01.
$
3,585,395
3,170,244
8,170,244
8,170,344
Michigan
Central stock own»-d...
672,672
Dividend and Interest on
other securities
1,195,573
Int. on loans, notes and
sundry bills
552,442
Profits, sundry accounts
672,572
672,572
663,826
1,069,887
894,615
584,284
827,946
32,596
75,997
62.596
84,692
27,249
AddDIv. on L.
1902.
S
ft
68.440.192 67.346,050 67,067.250
S^o.OOO
339,000
380,000
5,620.244 3,5i9,73l 1,657,302
12, 53,546 11,862,883 7,121.039
1,256, '186
771,109
1,479.601
7I6,4c0 5,881.437
389,967
352,696
681,280
731,434
607,267
82^,588 1,397,494
44,306
88.754
81,365
1
90,077.226 87.180,619 83,741,406
Total
Liabiiitie$—
20,000,000 20,000,000 20.000,000
16,500.000 16,500,000 16.500.000
CJommon stock
Bonds (see Raii.WAT& IND. Seotlon)43.325,750 43,205,750 42,393,750
.'=>22,013
68,434
Reserve funds
147,347
5,620,*245 3,519.731 1,736.438
Eqalpment trust notes
454.414
455,016
417.426
Interest on bonds
700,044
Sundry accounts payable
1,687,265 1,720,373
14,187
13,716
HlBoellaneous aocunnts
2,342,205 1,677,098 1,458.019
Credit of income account
Preft*rred stook
Dlvldenl on
GroxR Income
DtsburHements —
—V.
79, p. 731.
27.928,142 29,419,208 28,916,403 28,275,189
Intereht on funded debt. 7,092,483
Rentals leased lines
9.466,767
Taxes on real estate
2.451,901
Tax on capital stock
8 16,103
Taxes on earnings, and
miscellaneous
7,299,968
9,421,474
7,688,333 7,621,984
9,174,239 9.204.619
2,6>-7, 37 2.595,728 2.339,094
794,292
869,736
748,285
886,026
Tot*l
Net Income
Deduct—
Reserve to redeem bonds
191,433
271,648
316,074
30.212.279 20,394,908 20,599,685 30,283.005
7,716,863 9,024.304 8,316,718 8,042,183
300,000
Dividends (5 per cent)
6,612,500
Special Improvem't fund
and new equipment
707,099
. . .
300,000
6,604,158
300,000
5,961,411
300,000
5,750,000
Surplus for year
1,750.000
1.750,000
1,500,000
7,619,899
98,264
Total
8,654,158
370.146
177,036
8,011,411
305,807
4,228,225
7,650.000
492,188
143,500
Add sundry profits
96,264
847,182
4,533,532
Beech Greek BR. equlp't.
Deduct exp. refunding
bonds & Issuing stock
Deduct miscellaneous...
635,683
501.975
75,591
288,357
202,912
41.645
427,216
94,719
23.985
Surplus to profit and loss
75.591
29,673
491,269
468,857
65,918 4.064,675
620,679
15,104
COHDEN8ED OENBBAL BALANCE SHEET JUNE
80.
1904.
1903.
1903.
9
Assets Coat of road
$
$
144,955.405 143,405,427 140.800,583
3,671,109
2.457.855
4.758,974
Equipment
49,812,463 48,809.739 45,903,733
KK. stocks owned* (prop'le'y Int ) 115,580,331 115.267,184 115,136,030
Rallro<ia bonds owned
8,117,004
4,314.495
3.344,695
Miscellaneous stocks owned
8,686,220
8,587,700
8 574,300
3,0-11,069
Real est., not used inoper. of road 3,076,969
3,081,069
Bridges at Albmy
2,256..363
2.356,363
2,256,^63
5,891.158
5,830,917
Advances to N. Y. & Harlem RR. 6,244 818
"
3,475,H93
2,973,706
2,e7?,358
other companies...
4,8'i2,405
Cash
9,382,557 14,736,769
Triiffio balance^ receivable
4,153,163
4 736.436
4,641,890
7,312. '-38
Sundry collectible accounts
14,751,361
6.472,713
4,646.198
Fuel and supplies
8,592,788
6,869,810
Siok'g fund for debent's of 1890
2,158,326
1,919,521
1,607,637
Seourttles acquired from lessor
companies
3,039.713
3,036,813
3,036.813
Leased
lines construction
381.347.412 369.841,143 365,717,724
Total aasetB...
Liabilities -
133,245,100 132,245.100 131,908.000
4,900
4.900
4 900
Bonded debt (see Rr. & Ind Seo.)200,122.786 194.780,546 198,778,356
157,000
160.000
Bonds and mortgaKCs payable...
153.855
Wages and supplies
5,061,906
6,116,774
6,702,619
2,089,068
Traffic balances payabl e
3,356.348
3,822.887
6,662,s84
Intereet and rentalH aoerned ....
5,544 451
5,852,609
Dividends payable July
1,649.911
1,653,126
1,653.125
78,536
Dividends ana Int. unclaimed
77,517
79,598
Sundry accounts payable
1,590,197
1,278.893
10.667,833
1,734,873
Special Improvement fund
1,967,920
3,039,713
Securities in trust for lessor cop.
3.036,913
3,036,813
2,374,486
3,250,385
Ace unts with lessor companies. 2,336,198
16,911,253 15890,580 15,884,667
Profit and lose
Capital stock
Consolidation certificates
..381,347,412 369.811,143 385,717,724
Total liabllitieB...
Proprietary interest In other lines through ownership of stock Is ae
follows Lake Shore A Mich. So. By., $90.578.4uO; Mloh. Central BR.,
Pitts. & Eastern, $i00,00 J;
Chen.
Ohio, 91,638.465
S'9.336.44'>
Dun.Al.V.&P. RB.. $156,912; Syr Gen. A O, B» «><02.87->; Car.
War A 8. Bar BR., 9484,100 ; New Jersey Janocmn BK *100,onn
Mohawk A Maione By 9500,100; N Y. N. H. & Hart. BR.; $1,187,50o; other railroads, $515,547: total, $116,580,334. -V. 79, p. 1325,
1335.
*
:
90,077,226 87,160,619 83,741.406
Total
9
AIMIch. So.
8.
B'orkowned
168,771
1,818.600
1,779,949
538,408
Int on 1st and oona.
mortgage bonds...
lxxu.
[Vol.
;
&
;
,
,
New York
Central
^Report for the
& Hadson Biver
fiscal
;
,
Railroad.
year ending June 30, 1904.)
Chicago & Altoa Railway.
(Report for the fiscal year ending June SO, 1904.
H
Statittics.— The earnings and expenses, the income aoman, President, and Mr. Channcey M, Depew, Chairman of
coutt, varions statietics, and a comparison of ttie balance
the Board also the balance sheet and comparative tables of
sheets of Jane 80 follow. The text of the report will be
trafiSo, etc.
week.
B«low are given a fonr-year comparison of the earnings, cited another
OPEBATIOHS AND FI8CAX BEBITLT8.
expenses, charges, operations, etc.:
pages 1385 to 1388, inclusive, of last week's Chboniclb
Newwas published the report in full sigred by Mr, W.
On
;
EQUIPMENT AMD FISCAL HK80LTS.*
1903-04.
Mllesoperated June 30..
Hquipmenl —
Locomotives
Pacsenger equipment
Freitfhioars
Service oars
Floating eqalpment
190203.
8,490
3,422
1,773
2,167
64,475
2,549
220
1,763
2,115
63.542
2,i39
1901-02.
3,320
1,729
2,104
61,855
1,805
Average miles operated
190001.
3,223
1,602
2,058
61,966
1,524
194
194
*Tbe pbHxenKer and freight statistics were given on page 1338 of last
week's Chkoniclk.
Earntnyt from—
$
$
$
$
46,233,676 46.858,713 40,659,779 39,560,399
Frtlght
24.060,121 23,5 -ii, 576 23.807,085 20,866,357
Passengers...
2,615,895 2.387,H39 1,867,235 1,711,615
Express
2,405,313 2.398,28.5 2,378.805 2,046,000
Mails
Rentals
Miscellaneous
Total
2,208,271
168.946
-205
2,175,077
204,189
2,C04,804
186.6H0
1,865,190
290.550
77,682,221 77,606,778 70,903,868 66,333,111
Expenses—
MaiuieuHDceof way, etc.10,000,893 10,469,570 8,600,082 7,818,966
11,358,295 10,982,375 9,270,9«4 7,832,9 9
Malnt. of equipment
Operations, etc.—
Gross receipts per mile of road...
Tons of revenue frei»!ht oarrled.
Iieceipt.<!—
1,786,494
4.022,391
$2*16
9214
0-679 ots.
2,495,905
2,879,374
0-59^^ cts.
9
$
7.445,877
3, 351, 94
259.899
$
6,127,505
2,578.468
241,251
Express
a,53,>*20
Miscellaneous
114,214
6,610,637
2,908,583
241,112
218,039
92,721
11,425.853
10,071,092
9,225,739
1,446,010
1,230,762
4,559,731
1.213,365
1,190,93-2
8,98-t,0«8
Freight
Pasxenger
Mall...
Gross
Total operating expenses
P. c. of. oper. expen. to earns
Net receipts, taxes not deducted.
1,790,239
$10,032
5,877,995
1102792462 902.745,440
3,227,611
Paa'gers carried (rev. pas-only).
Paseengeri carried one mile
172.074,594 146, '^53, 521 138, ="91.857
1-86 Ota.
1-95 ots.
1-98 ou.
Beuetpts iier pa-<«enK»r mile
RecelptH per pass'ger tram mile.
91-10
91-36
$1-19
mall and express
Including
315-98
356 02
336 03
Aver, train load (revenue) tons..
55.760,081 68,459,314 46,868,489 42,588.2 16
Total
(71-78)
(64-20)
P. o. of exp. to earnlngB.
(6889)
(66 09)
31,932,160 34,146,464 24,040,379 23,744,896
Net earnlngB
2,021,846
920
$11,002
$12,484
6.121.333
1901-3.
916
of rev freight car. 1 mne...l099978^81
$2-29
Freight receipts per train mile...
677 ote
Freight receipts per ton p. mile.
1,558,339
32,VS89,027 30,317,130 27,205.999 25,377,972
1902-3.
Tons
Kxpenses—
Malnt. of way and structures..-..
Maintenance of equipment.
Condnctlng iraneportatlon
General expenses
Trausportailon
General
1903 4.
916
-«
19'^.308
80.207
288,097
237, y3l
959.331
1,042,078
3,797,475
225,084
7.521,600
6,626,196
6,023.918
(65-86)
(65-79)
3,901,253
3,445.898
(65-2»)
3,201,821
—
Oct.
8,
THE CHRONICLE.
1904.1
IKCOMB ACCOUNT TBAK ENDING JCNE 30.
1902 03.
1903-04.
1901-02
9
Net receipts from operatlonB
Dividends on stocks owned
Interest on bouds owned and
mlscellaneoaa Income
8,901,263
1,525,622
3.445,896
1,526,622
3,201,821
1,525,622
240,651
244,449
2,1517
Total Income....
Deduct
Rentals paid andet lease of 0.&
A. R^.Tlz.:
Int. on a p c. refundln»?bond8.
Rentals payable by O. & A. RR.
6,667,626
5,216,967
4,729,960
1,200,000
1,200.000
245,0
959,790
237,027
345.000
—
.
.
•
1459
The company now exhibits a prime condition in respect to locomoand freight oars, and will doubtless be able to handle economically all freight trafflo offered durlntr the cominK year. The average
tractive power of the slaadard-Kaage looomotlves Is 28,931 pounds,
and the average capacity of the standard-gauge freight cars is 30*09
tons; which compare very favorably with most of the railroads of the
tives
United States. If hereafter further neoessltles either for freight or
passenger oars should arise, and prices therefor can be agreed upon
with the car company, purchases may be made under the same collateral equipment trust agreement, to ttie amount of $55^,0 >0, thus
making the total limit of notes issuable under said agreement $2,000,000. The notes thert-for would bear p. o. Interest, same as those already issued, but the first Inetalment of principal would not mature
until Sept 1,1912. On that oate $15,000 of such further purchases
would fall due, and thereafter $4.'>,000 (If con raoted for) would become payable on the ist day of December, March, June and September in each year until 1915.
.">
241,024
340,000
Neiearr logs of leased property. xl,780.206
Mlscellaneuus
770,000
Int. on let Hen bonds of Ry. Co.
168,820
Int on 4 p. 0. ooUat. trust notes..
Discount on 4 p. c. collateral
41,913
trust notes sola
48,43 »
Interest on loans, etc
7,565
MlBoeDaneons
163,896
Flood damage 1908
a
34ft,000
Xl,54i.462
7,105
770,000
97,004
1,589,613
3, 58
770,000
29.728
123,943
2,6U3
Total charges
Snrplns available for dividend..
Dive, paid on pref. btock (4 p. c.)
4,761.858
4,364,926
851,041
781.760
8,fl04.617
781,760
BaL.snrp., for the fiscal year.
123,908
69,281
43,682
.
905.6rt8
825.342
781,780
X Under its lease of the Railroad, the Railway Company ooeratet the line
aod as rental patd in 1803-04 ttie Interest, taxes and rentals, and alsi tbis balance of he road's net earnlnRS, $i,78O.20tJ. From this last was paid 7 per cent
($1 668,«<4) by the Bailroad on its stook. This stock is nearly all owned by the
railway eompaoy. which theref.'re t'eats the dividends received thereon
($1,625,622) as "other Income." as shown.
Maintenance expenditures are reported as follows
:
Maintenance.
This Year. Last Year
Maintenance of way per mile of road owned,
$864
$837
new rails laid (75 lbs and 85 lbs. to
Track miles
54
yard)
53
Kumber cross ties laid, standard-gauge lines ... 243,920
224,676
narrow gauge lines
do
152.852
Do.
174,833
X Maint. of locomotives per locomotive owned.. $2,204
$2,286
5S
X Maint. of freight oars per freight oar owned...
68
passenger oars per pass car owned..
497
X Maint. of
524
X Pignred on number owned
at beginning of fiscal year.
OPEBATIONS and FISCAL REBDLTS.
190304.
190203.
1901-02.
1900-01
1,142
I
GENBBAL BALANCE SHEET JONB
30.
1903.
1904.
$
Auets—
Boad, eqaipment, etc
Cash
Bondsowned
Station agents and conductors
Individuals and companies
...
$
66,759,317
703,246
800,000
3oy,065
218,818
76,051
65,'?30,517
United States Government
Advances to hie. dt Alt. Ry. Co.:
BettermpntH and t'qalp't (net) .. 1,300,182
636.600
Materials and supplies
266,924
Oontlngent assets
70,961,204
Total aeaets
—
972,84 6
2,32R,800
476,442
701,189
76.312
1902.
$
61,152,680
393,100
94,2^2
283,239
126,231
616,672
335,009
231,860
4,490,944
70,969,637
67,339,246
4ft«,073
Average miles operated
Operations—
19,542,800 19,642,800 19,542,800
Common stock
19,844,000 19,^44,000 I9.544,ooo
Preferred stock
'0 22,000,000
22,000,(00 22,000
bonds
31a per cent
8,000,000
3.635,000
4 p.
collateral trust notes
1,307,8.'^5
1,190,56?>
1,187,421
Pay-rolls and accounts
88^,000
457,700
485,000
Conpons due July
391,534
391,875
390,880
Dividend? pavable July 1
267,096
267.096
267,096
Interest ard dividends not due...
2,510,000
1,140.000
Loans and bills payable.
114,645
62,630
Traffic balances
615,248
3,416,301
637,779
Contingent liability
101,792
10,2.50
14,037
Miscellaneous
669,438
500,157
693,846
Income account, Borplas
70,969,637
67,839,246
-V. 79, p. 1331, 967.
Colorado
(Report for the
& Southern
fiscal
1.133
932,769
973.511
832,385
Rev. passengers carr'ed.
687,887
do
lmile..44,590.9» 8 40.771,0.56 38,2v:8, 823 31,351.218
do
Rate per pass, per mile.. 2'6*6ct8. 2'667 ots. •.i*647 ots. 2-741 ots.
Revenue freight (tons)... 8.4 26.956 4,401.751 3.669 861 2.927,364
Rev. freight (tons) I m. .358782790 449511165 360607908 308179266
1-182 ots. 1-06S cts. 1*204 ets, 1-207 ots.
Rate per ton per mile
214-56
2<!4-91
Av. rev. traln-1 ad (tons)
18817
179
$1-16
$101
Earns. per pass, train mile
$121
$0-99
$2-29
$2-26
Earns per freight tr. mile
$ 2'66
$2-16
$-->,478
Cross earnings per mile.
$5,090
$4,926
$4,200
.
Earnings—
$
$
$
4,239,594 4,790,420 4,339,938 3,720,623
Freight
1,184.130 1,0«3 390 1,011,975
Passenger
859,441
Express, mall and miaoel.
278,963
269,179
228,414
214,685
Total
Railway.
year ending June SO, 1904.J
5,702.687
6,580,327
6,142,989
4.794,649
Xxpenies Maintenance of way, etc.
994,909
968,458
951,554
697,843
Maint. of eqaipment
913 979
924,988
736,591
636,6>-l
Conducting iransport'n. 2,151,180 2,573,364 2,186,966 2,017,882
16H,l-i4
201,809
General
19^238
165,463
Taxe«
246,237
233,630
216,180
204,481
Total
4,492,672
4,908,111
4,260,426
3,712.300
(7i-78)
(79-89)
expenses to earns..
(76-34)
(77-42)
Net earnings
1,210,016 1,284,878 1,319,902 1,082,349
Investments, etc
39,784
58,875
69.460
42,175
P. o.
1,293,763 1,379.362 1,124,524
772,568
730,517
716,120
24,232
22,086
3,756
Dlv. on let pref. stock ...(4)840,000 (4)340,000 (3)255,000 (2)170,000
Total
Deduct
70,961,204
1.131
342,767
Liabilities
Total Uabllltles
1,120
1,249,799
...
interest
,
M iecellaneous
763,120
48,88H
...
Total
1,151,959 1,136,800 1,007,603
888,876
Surplus
97,841
156,953
371,759
235,648
Note.— Total profit and loss surplus June SO. IQC. was $«<"4,i88 surplus for
year endine June
I»ii4, as above, |»7.841, making a total of t76l.wwM, from
which was wrl ten oti on account of discount on first mortgage bonds sold, improvements, etc., $2ei,i«89, leaving a profit and loss surplus on June 3o, 1904. of
;
President Frank Trumball says in snbsfcance
Obneral Resdlts.—The gross earnings have decreased $440,302, or
7*18 p. c; the operating expenses, lacludtnir Insuranoe and rentals,
$428,046, or9"16 p. c. and the net earnings $13,255, or 083 p. o.
The surplus over operating expenses and fixed charges was $137,841,
:
being a decrease of $59,112, or 11-89 p. c.
The decrease of $650,826 In freight earnings consisted chiefly of a
decrease In products of mines of $710,821, less Increase on products
of agrtonltore, $204,638. This decrease as a whole may be attributed
to the lubor troubles which have disturbed Colorado during a larse
part of the year. In (aut, the above fi^jures do not represent the full
measure of losses to the companv, for if the wheels of Industry had
not been blocked the company's earnings would undonbiedly have
been larger this year than ever before. The conditions referred to
have been much misrepresented and misunderstood, but finally, after
years of patience and forbearance, Colorado has fought a decisive battle against subversions of law and order. The people of the State and
Its various Induntrles have oaorifloed much, and U is hoped that these
saorlflces will prove to be worth the great sum they have cost in direct
expenses and indirect losses tu business enterprises of ail kinds.
Expenditures on eqaipment could doubtless have been considerably
diminished if repairs had beea postponed; but it was thought prudent
not only to maintain the f fflolenoy of rolling stocfe, but also to prepare
for the restoration of normal ooadltloos
In consequence your company on June 30, 1904, was In better position than ever before to take
care of additional trafilo. Nearly the whole loss in gross earnings was
recouped by a corresponding saving in transportation expenses. The
company might have shown even an increase in net earnings If the
management had been disposed to allow the property to retroKrade
phyaloally. [The average train-load of all freight, company and revnne, on the Biandard-gauge lines, was 296 tons, against 263 tons In
1902-3 ]
Improvements.— The replacement with heavier rails on the line
from Des Moines, New Mexico, to Texline, has been completed and
the heaviest class of locomotives Is now employed freeiy between
Denver and Texline, 353 miles. During the coming year rail replacements should be made on the Trinidad and Port Collins dietriots.
using the rails removed from the latter district for replacement on the
narrow-gauKe linos; but the total cost of these replaoemeats should
not exi'eed that Incurred during the year just ended, and probably no
very heavy rail renewals will then b" reciuirod for several years.
Eqdipmknt.— The following purchases or standard gau^e freight
car* were made: 150 Ingoldsoy steel coke oars, capacity 40 tons; 700
box cars, capacity 30 tons; 300 stock oars, capacity 30 tons. In purchasing the 1.000 box and stock oars a new equipment trust arrangement was made with the American Car <& Foundry Co. under whloh all
previous equipment trusts made with that company were consolidated
with the purchase prioe of the 1,000 new cars, In a collateral trust
equipment aKreemeut dated Juno 1. 1901. This equipment trust runs
for eight years, and the annual payments thereon (Including the paymente on the 1,000 new oars) will be less than the annual nqulrements for the previous equipment trusts referred to. On June 30,
1904, only 202 of the l,UuO new oars nad been delivered by the oar
company, but ihe remaining 798 cars have been received since, and
the Interest on all of them to the average date of delivery will be adjusted in cash.
."iO.
$500,000.
BALANCE SHEET JUMB
1904.
A stett—
%
.
fl3.4HH,75l
998,60-i
2,89^,.'i30
.
417.178
2^5,376
144,22i
.
420, 88
237,73-i
Colorado warrants
J
76.HI9
19.52S
6,770
Advance insur'nce
)
5t.eiP
19.791
B74
lO.Hll
MatHrlalR&suppl's
J
4''3,215
512,141
Bills receivable...
U. D. * Ry.stk.
2W,817
Individuals & coi<..
Agents & conduct.
U. 8 Government.
D
P. U.D & Ra. sik..
do do sink's fund
Other securities...
Discount on bonds
1
.
Ik
miscellaneous
1B04.
LiabilitiM—
%
Boad & equlpm'nt.63,4><2.164
W04.4H9
Improvements
^ ew eqaipment
8.B-8,:74
Cash
80.
1903.
so.ooo
8,120
60,000
8.120
11.21)0
1,088.1:01
1,176,201
10,4(10
28,189
Total
70,801,846 70,058,669
-V. 79, p. izm, 067.
I
Sl,000,Oro 31,000,000
do
1st pref
KSOO.CO
8,SO0.0OJ
S.eon.fic O 8,600,0u0
do
2d pref
First mtge. bonrts. 19,103,000 18,603,000
'
Car and locomotive
trust notes
1.728,?3S
Vouchers
.S28,n34
2i5.>'68
Pay-rolls
For.<iga roads
Coupoas
Accrued taxes
tund
89,867
216,5<6
31»,333
321,679
26,087
3,H48
11,629
BOO.OtO
RhiIb released
and
370,i'3S
26l*,6i7
ai8.H;l4
.
Accr'dlnt..notdne
Equlpm'nt renewal
Profit
1,243,870
114,773
11,080
Miscellaneous
6.988
lOOS.
S
common
Stook,
loss
Total
H,6e0
63,740
1,887
12.447
664,158
70.501,846 70,068,589
Northern Pacific Railway.
(Report for the
President
fiscal
year ending June SO, 1904,J
Howard
Elliott says in substance:
FiMANoiAi,.— No charges have been made to capital account other
than for additional equipment, the construction of branch lines and
purchase of real estate, all expenditures for improvements having
been made out of Income. In addition to $J38,6o5 of equipment purchased and charged to Income aocount, 3 locomotives, 2<«^ cars. etc..
costing $315,333, were purchased or built and charge! to operating
expenses, to replace those destroyed and retired from service. The
charees to Income for additions and betterments aggregated !53,0(»O,OO'i, viz.: Construction of new spurs, sidings and cross overs, $41 2,155; change of grade and line. 899,8:tl; widening embauhnients,
etc.. f79,5t»5; increase In weight, rails and fastenings. #164,214;
bridges, $310,601; s'ook yards, fencing, etc, $78,118; passenger and
freight stations and othf^r buildings, doohs, etc
$338,405; water and
furl stations, engine and car houses and machine shops, $223,H.^6; 275
new frelKht cars, $338,605; unexpended balance carried forward,
$610,466; remainder scattering.
The charges to capital aooount for new property, being expenditures from the betterment and enlargement fuuds, aggregated .$4,697,107, viz Real estate and right of w>»y. $ !60,285; new brannhes
,
:
$1,:-I83,ri44; purohasenf Washington Railway iS; Navigation lines, 9l.i>H7,3H7; purchase of Seattle iV Ha Francisco K*liway
<^ Navigation lines, $482,122;
additional oost Minnesota <1i later-
and extensions,
i
national Ry.. .$401,844; additional cost Monte Cristo Ry., $101,976.
In addition there has been advanced lo part payment of this company's proportion of cost of new passenger station and freight terminals at .Hea'tie, bot not yet drawn from the betterment and
enlargement fund, $1,000,000.
:
.
THE CHRONICLE.
J4G0
The b«Mtemient and snlarffement fanda n»v contain
In addition
pendltarnt.
New
Lihkb.— Two
lines
wernoompleted »nd pat
In operation
daring
th« year, VIZ.: McKenzi« to Linton, N. D. 4532 m'l.'s; Anliurn to
Black Klver .lunoilon, Wach. (neoond traok) 1131 mil*-* The oonKtruotlon f six branches or extenolona >Kirre(railnt( 106 mllen has
been autbortcnd. bat was not oompleted Jaue 80. 904. In addition,
the foliowlDK itnex, agurfRatiDg i4^ mliex, wereelthHr (1) purobased
with funds provided nnder the prior lien morfKaae or (2) built bv this
I
oonipauT: ( ) Bellln*ib'<in Bity A Eastern Railway, 2{ mll>-R; Monte
Railway. 42 nillt<i'; WashlnKton Rttl wav & Navigation lines
OrlHt
(formerly Wachln^tton A OreRon Ruliwav, and Portland Vancouver &
Yitkima Railway), 56 miles; Seattle & San Pranol«oo Railway A
Na*Uatlon Company's rail lines, 3 milBs; {'/.) extension of Washington i;entral R- .. Ooulfe Jnnotlon to Adrian, for the construction of
which $31^,000 tlrxt mortRage bonds of that company were received
and are now held In oar treasury, 21 miles.
drnrral- NotwlthstaodlDg the fact ttiat the production of wheat
In the Stales served was somewhat less than for thu previous year, the
general results have been satisfactory. FreUht earoln^s decreased
$303,036. bur there was a decrease of 228,776 tons In the amount of
whext moved, which much more than aooonnts for the decrease In
freight earnings. Passenger earnlnes Increased $510 3<i6 and miscellaneous earnings Increased $i 75.200. Operating expen>es Increased
S'202,449— $3^6,82tf In oondootlng transportation, due obleHy to
higher waxes more costly fuel and sappiles and a more than usually
lOHK and severe winter. Maintenance of equipment Increased 9224,563. due partly to Increased wages and partly lo unus'ialiy heavy repair work on all cUsses of equipment. M-iiaienanoe of way decreased
$471,382, doe ohlflv to the fact that the c >mpany is beginning to
feel some of the benefit of expendltarns made In the past. Net earnings from operation increased 9180,020.
The results for the year of the Chicago Burlington & Qntnoy RR. Co.,
In ths stock of which your company Is the owner of a half Interest,
were satisfactory. This ownerrhip has not necessitated any payments
by your company dating the year.
•
General Manager H J. H )rn says in part:
IMPBOTEMENT8 AND MAINTENANCE.—The prlnolpalltems of work On
peroianeut way dnrlDg the year Include: Main line relald with 85pound rail, 176 miles; main line relald with new 72-poand rail, 34
miles; branch lines relald, 86 miles; sidings and spar tracks conBtrncted. lu.%Hi miles; traok ballasted, 5d miles; embackinent widened,
406 mllew; cross tie renewnl-; main line, 1. 457,9 ^7; cross tie renewals,
branch lines, 763,8^8. timber bridges replaced by permanent structures, aggregating 5 30 miles. 12 j timber bridges renewed; 199 timber culverts replaced bv stone. Iron or tl'e.
Of the 2,7.'S0 luiiea of main traok. 263 miles are laid with 85-lb.
steel. 4 miles with 76--0 lb. 8-eel, i,60S miles with 72-ib. steel, 115
miles with «7 70-lb steel, .'•a? miles with 68-lb steel, 225 miles with
56-^ 01 b. steel. Total second track, 8i miles. Steel, Iron and stone
rermanant bridges agi^regate 8*1^6 miles In length; limber and combination iron and timber structures aggregate 70 miles. The total
length of timber structures replaced by steel bridges, embankments or
In other permanent form from July 1. 1885, to June 30, 1904, Is 96-79
miles.
OPERATIONS.
190203.
19C3-04.
[ToL.
BALA>OB SBBBT JDKB
C»i6.314;
taandi of rraxtee of prior Men inortKaKe in
SQiu of 9980,191 available for fatare ex-
itaurA In tn
"net monnyB" Boconnt tb«
1004
AtKlt—
I
X14.-18,
....
Accts. recelv'le
liilii receivable.
.Muter
on
190102.
1900-01.
Mlereilai'eous care.
Ovtraliont —
Average miles oper.
902
722
796
683
704
2.70J. \ni
88 5 4
.
TroHH. BecurltlesrI:<,H47 lo7
Kelt. Aequ.luiid
(140, »14
L b'<1 to .M«niiot)a 7,0t0 OjO
Coll. wMh tru§tee
St. Paul UQlulb
niv. b..nd«
..
1,8IB, IIH
«7- 407
Inaarance fund.
Land departm't 5,4 ui 737
IS.HUH.Oi?
Total
19^8.
«
t
1.15,000,000 101,000.000
M'TtguKS debt. 87b,7u5.100 Z77,788,t00
Bondi of other
Oimpanlea as-
sumed
18,477,880
Pi>y rolls,
terial.
a
ID
18,640,078
8.930.5'?4
4.147.90O
S68,086
-
Touch-
ers, el c
HCC-rned...
Taxes
3.4^o.4f)l
tiand.
).4oa.ezi'
7,000.000
oo bonds ...
Dividends.
k6»>'».5w8
Kenerve foods.. li.8 6.5^0
Innarance fund.
0.40 r
32,258
3,&03
32,057
3,317
30,9«l
3,221
26.''04
fond
l..iquldat'n
Prodt and
5S.327 014
l.!r!!».llO
5t-e801
7:'..0l8
lia.v-O-l
loss.. 11.104,9/8
0,7ss,eeft
2.047,140
B9«.H0«
6,581.551
47«,S«6,9S5 400,780,686
Total
472,86&,956 4««,7«9,585
In
May and
AoKust. 1C0I, to Ncrth-
ern Securltivs Co., but which nnder order of Coart the company was restrained
from paying
y These consist of the following
:
Par
EoJue.
Book value
1181.000
Paul-Duluth Division Bonds
Northwestern Improvemeni Cj. bonds
do
stock
do
WashlDRton A Columbia River By. stock
WashiDKton Central Ky bonds
do
stock
do
Clearwater Short Line Ry. stock
Lake Sup<>rior Terminal & Traasfer Ry. stock
8t. Paul Dnlon Depot Co. stock
8t,
4801.000
7/'00,000
2,776,000
7,000,iK)0
2.'
75.000
6
316.01
3,0 O.Oi
1
201.876
2 1.279
S,l48,8i0
l.OOO.OO
8.H2 20o
i-O.SOO
1
60,<60
6e,8M
The year's tonnage (13,283,477 tone) Inclnded :
Co»l and coke, 2,567,695 tons (19-83 p. c). airalnat 2,160,924 tons In
1902 0:>; wheat. 1.0^2.618 tons (7 92 p. o ), against 1,281,894 tons In
1902-03; other crratn, 632,3°ii tons; flonr and other mill prodnota.
464,417 tone; Inmbrr and other forest products, 5,'285.077 tons (39 79
p. 0.). agalust 5,0^0,387 tons; ores, 627,719 tons; remainAer aoatterIng.— V. 79. p. 213.
Gila Taller Globe & Northern Rj.
(Statement for the year ending June SO, 1904.
We have received the followiDg statement, as it will appear in the Southern Pacific report
STATEUBNT FOB THB YEA.BS ENDING JONB 30.
Gross.
Op. exp., taxes, etc.
Surplus.
Inter est.
Ifet.
$170,505
$75,575
110.046
141,078
75,700
18S,4")2
109,752
18^,916
76,700
1900 01.. 36^.836
119,^86
170,311
195,025
75,700
1899-00.. 373,049
146,887
161,512
221,637
75,700
Paid 4 per cent (80,000) dividend in Jan., 1901 and 1908.
1903-04. .$467,047
190203.. 326,825
1901-02.. 875.367
.<$220,»6»
$246,082
186,745
BALANCB BHEET JUNE
80.
1004.
1008.
%
1903.
1904.
Roadway and equip. .3,514.000 3,516,802 Capital stock
Une from SKents
4».8.i0
31,152 Bo ded debt
Current accounts
22.606
14,071 Bond interest
.
KchI estaie
Material and supplies
8.:S25
7,902
54,K50
42.1,951
2H.016
257.405
3,050
3,143
Miscellaneous
3,059
5,262
5,119,539
1.'6 .«18
Int.
X Inclodes amoontg parable aa dividends
Cash on baud
.'',112
5,019
5,100
4 917,814
3,298,722
4,19^.8l4
do carried l mlle.l83. 650,266 473,7 4.272 406,704.017 308,819,605
2- 6 cts.
2- 18 cts.
2-.S7 Cts.
Rate per pas'.p.mlle 2-21 cts.
Rev freight carried 13, -28 -1,477 12.791,717 11,080,101 8,792,885
3,613.104
do do 1 mile)
3,685,672
Q'dOS Cts.
Rate per ton p mile. 0-880 Ota.
Pass earns, p
of
92.429
$2,376
$1,663
road (a»er. inlle).
$2,097
$1-5422
$1-4226
$1-7208
Pat's i-arns. p. tr. m.
$1 5985
F'jcht earns, per r'd
mile (aver mile) ..
$6,271
$6,515
96,022
$4,604
Passengers carried.
8 02<,fl0
6.60«,HS7
S.S'-h, H8*l
1
.
913
721
Freight cars
Ml
uxn.
19U4.
LiabUUUiOjnimoo Btock.
$
UabiHtia—
Equipment—
Locomotives
Pacsenger oars
t
1
80.
1008.
Nor. Pac. estat«.8H8.M1 .092 l!7h.o«l 83«
Equipment
iiS.rgl 547 88,490.038
lolUt. with trtis.
Nor-Pacillc (it.
Nor J >inl bda .100.104 PIO lOfl.OBI.SlO
Sinking tund
Z.fl6iS.9il!
1,54*1, 004
Caoh
J
.
.
Total
-V. 77,
4,076,533 3.8.50,522
0.000 2,000.000
1,508,000 1,514,000
1.47S
13,'^92
4.S33
Pay-iolls
8,^99
4«.44»
0.882
Vouchers
35,6o0
24,84
Current accounts ....
5.S29
20,5S5
Mis-elNneous
Profit X loss, balance 4&(<,073 886,975
2.0'
Total
4,076,533 3,866.528
p. 449.
San Francisco & North Paciflc Railway.
1
m
Total freight earns.
per train mile
f 30355
Grosfl earnings per
road mile (a^er.). 98,841
Oper. exienses per
road mile (aver). $1,605
Total rev tr.mlieage 17,sl4,744
Aver. No ions rev.
$3-0022
$3 1724
$31208
$9,026
$8,245
$6,384
$4,701
17,866,241
$4,241
$3,263
..
339
320
Tons p. train, company and com'!..
403
384
frtlKht in train
.
* A change in the method of computing
statistics depending upon
the number of tens one mile vitiates the oomparlron except with the
revised fl^ureB for 190203. See page 41 report for 190d-04.
t OOOs
omitted.
FISCAI. BE8ULTB.
1903-04.
Earnings—
$
Freight
82,<»»8,921
11,105,7,^3
dc
misoel.
Total gross
33,301,958
2.4i9,9jO
46,524,574
PaB»enger
Mall, exp.
190203.
$
1901-02.
$
1900
$
01.
2.244 700
80,227,013
9,177,509
1,982,858
23,481,718
7,247,000
1,832,270
46,142,106
41,887.380
32,560.984
1« .69'',447
ExptniM—
Matntenanceof way
Malnt. of equliim't.
Transportation
General
6,645,953
12,371
6,767,767
6.249,0F8
3,887,8('7
8,404,^495
a,4.«i6,823
Il,72i,«i06
I,7f>4,6i3
11,3H4,780
1.642,t71
10,139,817
975,845
8,061,717
24,032,0^3 21,288.414
22,110.012 20,098,^66
l,4«-i;.776
1,421,434
J,l4».8w0
l.«'0,543
168,869
120,743
8,000,< 00
8.000,000
3,000,0
16,640.144
16,920,840
4,i
7,117.335
Total expenses.. 24.234,543
22,290,031
Net earnings
Taxes
Rentals, etc
.
Additions and Imp'te
4,621,144
Net oper. Inc'e.. 17.668,887
MIeoel. income, not
inol in land Hftlea.
1,483,864
Balance for
int..
ptrotnt.
Hal.. snrplHS....
920,3-^2
134,b9u
2,011,286
4,571,977
17,538,035
16,82»,333
3,066,8^7
12,854,513
1,112.550
843,765
743,767
19,152,241 18,t>50,^86
6,904,697
16,672,u98
13,^»8,300
6.395.681
Interest
6,922,930
Dlv. on pref. st< ok.
stock. ..10,849,989
Dlv. on cum.
do
873,5.6
(7)
1,879,832
4,270,»»33
(CALIFOENIA NOKTHWE8TEBN RAILWAY
(Report for the year ending June
CO., LB88BE.)
SO, 1904 J
President Arthur W. Foster says:
The net emnlnRs over expenses and fixed charges are
less this year
than last, dne prlnclpplly to the Eecefsity of rela.lng track with
ht-avler rails and rep'ao'ntj wood with steel orawbridge, s'd the aldition 01 f qnipment necessary to handle the increased traflBo. All obli-
met as provided, and prospects for en»<nlDg year are
Daring the year 854 tons of 70 1b. and 1,4^2 tons ot
e.'i-ib. steel rail have been laid on main line; and 308 tons of 56 lb. and
60 lb. steel rail, and '^Or) toiis of Iron rail, relald on branches and sidings; 29,433 cross ties laid on line.
The Oallf'rnla Northwestern Railway Oo. has completed and In
operation 40 miles of railway ta'ly equipped, and the expected Increased revenue from this soaroe Is now being verified.
BABNINQ8, EXPEN8B8 AND CHABOBS.
1903-04.
1901-02.
1900 01.
1U02 03.
Earnings—
$
$
gations have been
eoooarairlng.
PacseDKera
Freight
Mall, express and misoel..
638,401
660,8-.i4
68,441
604,808
626,609
67,962
Total earnings
1,357,667 1,299,279
Sxpenies
Conducting transportat'n. 330,432
282,053
—
Motive power
Maintenance of cars
Maintenance of way
General expenses
629.S65
62,806
473.500
6(2,786
62.716
1,132,679
1,089,000
540 4 8
227,728
6^,653
326,283
95,047
205,300
135.519
233.632
92,508
782,149
659.694
Total expenses
1,045,042
Net earnings
812,624
Payments —
Taxes
41,269
Int. on istM. bonds, etc
196,313
Blnkingfnnds
26,0(jO
949,003
850,277
782,149
360,430
669,694
879,406
41,231
197,416
2.^,000
42,166
199.493
15,000
41,827
199,613
25,000
268,647
86,629
266,668
83.772
266,340
113,066
.
Total
2fc2,'i83
Surplus
— V.79, p. 628.
60,041
American Steel Fonndries.
(Report for the year ending July SI, 1904. J
Chairman and President Charles Uiller says
Gbnebal Results.— This company has suffered by the redneed oom:
6,«'-4,''66
(2)l,rOO.OOo(4)S,000,UOO
10,074.944
(6>«)
1,670,946
6.991',946
(A)
1,647,280
3,2 0,000
(4)
1.002,619
iai activity of the past year in oommi>n with ail other indastrlal
enterprisfs. our groB-< sales being 46 p. o. less than the preceding year.
of the plants ha-* been improved and the monthly oapaoIty materially Increased, so that the company in prepared to tnrn oat
a large t<*nnage as soon as the industrial conditions improve. Nnmerons t-oonomies have been effected In general administration, amonntng, all told, to upwards ot $100,000 per year without Impairing efBe-
mer.
The condition
enoy.
— —
.
Oct.
THE CHRONICLE.
8, 1904.]
New Plant.—The company nas recently acquired 30 acres of land
on which th«re has been consiruoted and put Into operation a new
plant at Indiana Harbor. Ind., some 20 miles east of Ohloago. adjacent
to several of the trauk lines. The bulldlns; of ihU plant was rendered
necessary by the Imperative need for greater output and by the Impossibility of ooeri*ilng economically the plant In Chicago on account
of trach elevation of the Weetern Indiana Railway. The real estate In
Chicago has been sold and the amount credited to the cost of the new
plant at Indiana Harbor. This plant will have about twice the capacity of the former plant and can be operated wlih greater economy.
[See also "Commonwealth Steel Co " on pase 1483]
Outlook.—The company enters upon the new year with a materially
Inoreaced Duslneos and Its plants equipped to meet the Increasing demand; It has no floating debt. The use of ca«t steel In the construc-
war material, large buildings, railway locomotives and cars, both In new designs and as a sub-tltutR for forglnga,
and rolled steel, continues to Increase. ItU thus felt
ironoHitlngs
that the outlook as to future earnings Is encouraging.
tion of machinery, shlpn,
and
The general profit
two years past are as
loss
account and balance sheets for
follows:
AHBBICAN STEEL FOUNDRIES AND CONSTITUENT COMPANIES— GENEBAL
PKOFIT AND LOBS ACCOUNT TBAB ENDING JULY 31.
selling
$803,607
218,389
$585,218
44,042
Net earnings
J.dd.-
Rentals, Interest and exchange
$629,260
Total income
Deduct—
Offloe expenses, rentals, salaries
and legal ezp.. $265,410
5.4S1
4,389
23,550
Taxes.-.
Interest on loans
Interest on bonds
Total deductions
Surplus for dividends
Pref. dividends (3 of li«
Balance to
Profit
and loss
profit
p. c.
and
$298,780
$330,480
each each year).... 697,500
$254,562
$l,."i33,403
698,200
def.
Total profit and loss surplus
$367,020
768,038
$835,203
$401,015
loss
(adjusted)
$835,203
AHEBICAN STEEL FOUNDBIE8 BALANCE SHEET AT JULY 31
(IKOOBPOBATINO THE BALANCE SHEETBOF THE 8UBSIDIABY COMPANIES.)
Other real estate
Deferred charges.
Acots
&
672,556
784,043
x560,171
1,858.803
20,600
619,537
...32.163.555
33,318,018
1803.
<
471.000
15.FOO,CO0
15,600,000
471,000
204,776
200 000
634,715
78,259
88,504
149,062
28,032
401.018
.
terest, &e
Sundry reserves.
Proflt and loss
account
i ,
bus, Oa.
Canadian Pacific By. New Stock.—The shareholders on
Wednesday dnly authorized the issue of $25,500,000 new
stock, of which $16,900,000 will shortly be offered at par to
shareholders to the extent of one share for every five held
by them, respectively.
The shareholders also authorized the issue of coneolidated
debenture stock, 4 p. c. sterling, to provide for the construction of the Toronto & Sudbury branch, 230 miles. See
report in Chronicle of Sept. 17, page 1027.— V. 79, p, 1020,
1027, 1265.
(Compare V. 79, p. 1381, 967, 151; V. 78, p. 47, 342.)
President 8. M. Felton gave out the following
The dlflferent groups of stockholders have reached an agreement by
which the possibility of dlfl'erences between them respecting the control of the property were entirely removed and a condition brought
sentation.
:
about Insuring entire harmony In the management of the property
and admitting of the most friendly oo-operatlon on the part of the
dlflF-^rent Interests involved for the development of the business of the
company and the interest of all stockholders and for the establishment of close relations with important connections.
In pursuance of such understanding, the board of directors of the
Chicago & Alton Railway Co. Is to consist of Norman B. Ream, James
B. Forgan, W. B. Leeds, Jam^B H. Moore, 8. M. Felton, J. J. Mitchell,
W. H. Moore. D G. Reld, Robert Mather, E. H. Harrlman, James SrlUmao; and of the Chicago & Alton Sailroad "o. ol Mortimer L. Schiff,
E. F. Swlnney, F. 8. Winston, 8. M. Felton, E H. Harrlman, J. H.
Moore, Robert Mather, D. Q. Reld, B. L. Wlnchell.
Report. —See pages 1458 to 1459 of to-day's
V.
..82,193,555
33,318.013
Steel Bolster Co. (entire capital), par, $500 000; American
Steel Fi undrles of Missouri (entire capital), par »25,C00; Davis Ijocomotive
Wheel Co. (par $6,100). $2,00u; Cincinnati Hamilton & Dayton Ry., $18,760;
Florence water works, $13,i2l, Lonislaaa Purchase Exposition Co., $1,000.—
79, d. 272.
X Includes American
Chicago Rock
Island
Island
&
Pacific
Company below,— V.
Niagara Falls Power Company.
INCOHB ACCOUNT FOB THE YBAB ENDBD JUNE 30, 1904.
Dtduti—
$1,126,423
QrosH earnings
214,530 Int. on Istmort. bonds.. .$500,000
Expenses
Int. one p. c. deb. & scrip. 171,139
Netearningt
Other income-
$911,b93
Interest and discount..
Int. on $3,0 JO.OOO 6 p.
0. deb. O
N. P. Co.,
Berles "A" (April 1 to
date)
Dlvs. on stock of Oat.
Power Sl Oond. Co. .
.
89,786
45,000
30,150
.
Net for fixed cb'ges,
$1,026,829
eto
BALANCE SHEET
A»tei»—
Real estate,
power
houses, eto
$15,251,812
Beourltleaof allied co's
held forpermament
control..
3,210,641
Debentures Canadian
Niagara Power Co.
collateral to $3,000,000 debs, of 1901
(see contra)
Debs to redeem scrip.
Bills and accounts receivable, etc
Offleers.—See
6
Issued.
Purchased.
$6,925,500 about $5,000,oo0
1,074,500
about 986,000
pref erred stock
4 P.O. preferred stock
p. 0.
The contract of the syndicate regarding the preferred
stock holds good for a year.— V. 79, p, 1023, 908.
Connecticut Railway
& Lighting Co.— Ouaranteed
—Holders of over 80 per cent of the outstanding
first
Bonds.
and
re-
funding i^ per cent bonds have accepted the offer of the
United Gas Improvement Co. to guarantee the interest on
the bonds, subject to the right of the company to call them
Int. on S3,000,000 6 p. c.
deb. (Canadian coUat'l)
53,632 for redemption at 105 and interest.
The offer expired on
Interest and discount
4,494 Oct. 1 and no further
bonds will be received by th'i Colonial
Taxes
60.615
Insurance
2,680 Trust Co. except with the written consent of the United Gas
& Improvement Co. See guaranty, etc., in V, 79, p. 626, 733.
Total fixed charges,
Consolidated Railway.— PurcTwise.— See New York New
$792,660
eto
Surp. above charges pald$234,269 Haven & Hartford RR. Co. below.— V. 79, p. 1831, 627, 268.
Improvements and betCripple Creels Central Ry. Co.— Reorganizo-d Company,—
terments
74,331
This company has been organized as successcr of the Denver
gnrplni for year
$1 59,93 8 & Southweetsrn Ry. whose assets were sold at auction on
Oct. 4, per plan in V. 78, p. 2018 (see also V. 77, p. 1642), and
JUNE 30, 1904.
were bid in for $900,000. The new corporation will have a
liiahiliiUs—
Capital stock
$4,180,700 capitalization of $^,000,000 4 p, o. non-cumulative preferred
First mort. &b, due
stock and $2,500,000 common stock, but no bonded or floatJan. 1, 1932
10,000,000 ing debt. Par value of shares, $100.
Deb'ture 6b, due 1910. 3,000,000
Directors.— Henry M. Blackmer and R. E. F. Fllnsoh of Now York,
Debenture scrip, due
miO (see contra)...
2,000 Charles F. Ayer and Montgomerv Rollins of Boston. Arthur H. Day of
New Haven, E. O. MoNalr of Buftalo, C. E. A. Uoldman of Toronto.
Deb. 6s (Can. collatOfficers.- Henry M. Blackmer, President; R. £. F. Flinsch, Viceeral), due 1911
2,419,000
President; John Qorlow, Secretary and Treasurer.
Subscriptions for debentures (Can. coll.),
The new securities will be ready in three or four weeks.
,
,
3,000,000
2,000
860,083
199,672
Caph
Deferred assets, accrued, bat not due..
part
paid, balance
due July 1, 19U4
Accounts payable, accrued taxes, interFranchises
681.000
815,240
est, rents, etc
59,415
& licenses,
1,201,522
etc
Surplus accnmalated
from operations
Total assets
Rj.—New
79, p. 1022, 151.
Cincinnati Hamilton & Dayton Ry.— Purchase of Preferred
Stock.— The amounts of preferred stocks already acquired by
the syndicate are approximately as follows:
Y
("Report for the fiscal year ending June 30, 1904 )
Treasurer William B, Bankine eubmits the following:
Chronicle.—
79, p. 1331, 967.
Rook
Total.,
all
West End Trust
,
835,203
gtoct...l5,
1,500,000
660,755
..
SuQdry iavest'tg.
Cash ia hand and
at banks
Total..
Common
UnderlyinK bonds
Keal estate bills
payable
Current accounts.
1,011,633 Payroll and in-
bills re-
ceivable
LlabUittcsS
Preferred stock.. 15 ,500,000
310.366
39,586
81,879
Materials & supplies at cost
1904.
1903.
1904.
Assets—
$
$
Plaut a«d other
perm, iuvest ..28,875,207 29,018,124
403,247
600,168
Add'§&improv'tfl
c;age to the
1902-03.
expenses
deducted
Renewals, re lining and maintenance
360 miles of road, has mide a mortCo. of Philadelphia, as trustee,
to secure $9,360,000 bonds.
These bonds are dated Aug. 8. 1904, and are dnel954, denomination
at offiae of trus$500 and 81,000; Interest payable Jan I au'l July
tee. A contract for building from Chlpley, Fla to 8t. Audrews Bay,
60 miles, has bean reported let. President, W. M. Oordou, Colum-
Colnmbus, Ga, in
Chicago & Alton B.j.—New Directors.— At the annual
meeting on Tuesday the three directors whose terms expired
$2,193,679 were succeeded by D, G. Reid, J. H, Moore and Robert
432,741
Mather, the last named being the President of the Rjck
$1,760,938 Island company, and all three directors in that company.
27,027 Ihey were elected in place of Mortimer L. Schiff, E. P.
Winston and the late C. H, Cbappell. It is ucd^rstood that
$1,787,965
the property will be controlled jointly by the Union Paciftc
$208,122 and Rock Island interests, the former now having six, and
3,327 the latter five, representatives on the board of dir-ctors. An19,662
23,550 other year, when the terms of four additional directors expire, the R5ck Island is expected to obtain a niaj irlty repre-
1903-04.
Earning (works, admin, and
1461
$22,582,628
Total.
in V. 78, p. 191C,
383,161
.$22,582,623
Compare Hat of costomers
GENERAL INVESTMENT NEWS.
Dajton & Kenton (Electric) Railway.— W. L. James was
on Oct. 4 appointed receiver of this company, whose
projected line was to be 120 miles in le' gth, extending: from
Dayton to Kenton, etc. E, M. Hopkins of New York is
President,
Denver & Sonthwestern Ry.— SoW at Auction.— At the
auction sale on Out. 4 the company's Assets were bid in for
the reorganization committee for $900, See Cripple Creek
Central Ry, above.— Compare v. 7iJ, p. 902, 268.
Detroit A Mackinac Ry.
year endicg June 80 were:
Tear
Oronti.
NeL
1903 4
1902 3
$981,315
963,708
—
80 were
Tear.
Qroti.
1903-4. ..$l,82l4,81.'i
1902-3.... 1,705,047
Charges.
$378,158
377,990
—V. 77, p. 1581.
RAILROADS, INCLUDING STREET ROADS.
(ilDir & Ship Island RR
Birmingham Colambas k St. Aadrews Bay Ry.— iV(ft« £n- year
ending Jane
tcrprine— Mortgage. Ttila oompany, organized early in 1908
with |9,36tJ,i Oj ol authoriz<sd capital etock, to build from 8t.
Andreves Bay, Fla., to Birmingham, Ala., with branch to
Report.— The results for the
$164,178
182,494
JHv.onprrf.
Jial.,gur.
S47,ftct0
$lrt«,480
(i>«)23,750
171,746
(•>)
— A^por^—The
results for the
:
Net.
Oih.inc.
$60i>,580
$11,801
8,719
625,429
Oharget. Bal.fordit.
$27^^,068
$383,313
1U5,430
43J,718
—
:
THE CHRONICLE.
14G2
From snrplns 88 a^ove w«re paid dlvld^^nds amoantiot; tc
|2r0.000 (4 p. c.) in 1903 4, agalDst $100,000 (2 p. c.) in 19f'2 8,
leavlLg hHlance, enrplns, for year of .iJiaS.aiS In 1908-4,
agalDBi 1383,718 in 1902-3.— V. 79. p. 731, 151.
InterboroDfrb Rapid Transit Co.—Prean Inspection.— The
rewppuper mf^n were the guests of th« luteroorongh last
Monday, and were taken tbroagb tne snbway in the shortest
time yt-t recorded. A trnln of six cars made the trip from
the Brooklyn Bridge to 145th St. in aboat eighteen minutee.
Toe Grand Central Station was reached in six minutes and
125th St. In another nine minutes. The roadbed rides very
smoothly. A number of trains were running for the pracOo the down trip an opportunity was
tice of the motormen.
given to examine the etitions. While considerable work yet
remains to be done at some of the stations, it is expected to
have everything in readiness for the public opening on the
27th inst.
See V.
&
&
.
&
&
Oakland Traction Co.
15, 1904, inclusive.
783, 1266.
— V.
ComtoHdation.
—This company was
formed on Sept. 29 with |7,O50,000 of auihonzed capital
stock by consolidation of the Oikiaad Transit Consolidated
with the new Webster Street & Park Ry. Co., work on whose
79, p. 1831, 1023.
baa been extended to Oct.
[Vol. Lxxix.
lees thrtU par) a block of Norfolk & Southern stock which
represents practically the entire minority Interest, which
will now work in harmony with Flint, Baoon
Co. and the
Colonial Trust Co., Pittsburgh, who coutrol the cfmpany.
The Cheeapeake Transit Co. will be absorbed by the Norfolk
& Southern and plans for the development of the property
which had been enjoined by the minority interest will be
carried out at once.
The Pamlico Oriental
Western road, an independent
company coutroUed by the W. A Cullen Construction Co., is
t^ullding a road from Newk)ern, N. C North to Washington,
N. C, 83 milep, to connect with the Norfolk
Southern. It
is expected that this company will later on be merged with
the Norfolk
Southern.- V. 78, p. 2699.
Lebigh Valley Traction Co.— Time Extended.— The time
for deposit of stcujlties, etc., under the plan of reorganization,
:
now
being pushed. This line reaches Adams Point
projected to Indian Galch. The directors of the Traction Com piny were directors in the Transit Company.— V.
line is
and
79, p.
M
in
78, p. 2385.
the anLonlBTllle & NashTlIle RR.— Consolidation.—
nual meeting Oct. 5 the stockholders voted to acquire by
consolidation the Kooxville La FoUette & JeHioo and Atlanta Knoxville & Northern, both controlled properties.
Report.— See page 1457 of to-day'8 Chronicle.— V. 79, p.
Oakland Transit Consolidated.— 5ucceMor.—See Oakland
Traction Co, above.— V. 78,
p. 23»5.
Pamlico Oriental & Westerm RR.—See Norfolk & Southern RR. above.
781, esi.
Philadelphia Company, Pittsburgh.- Fatx>ra&!e Decision..
Maeon Dnblin & Savannah BR.— See Illinois & Georgia —Judge Rot)ert S. Frazer in the Allegheny County Court at
Improvement Co. among "Industrials" below. —V. 75, p. 842. Pittsburgh on Sept. 30 sustained the Id j auction asked by the
MasBachnaetts Electric Companies.- CaHed Bonds.— Pittsburgh Railways Co. to restrain the city from enforcing
Bonds ot |500 each to the following amounts have been called the linear license tax ordinance, passed Feb. 27, 1904, under
which it was hoped to collect about $350,000 annually from
for payment at 103 and interest on Nov. 1 at the Interthe Philadelphia Company. See V. 78, p. 1276.— V. 79, p.
national Trust Co., Boston:
638, 267.
$1,500
Norfolk Suburban Street Ry., Ist 68. tbree bonds, total
4,^00
NorfoU Central Street Ry.. Ist 58, nine bonds, total
West Roibury <& Roallndale Street Ry., let Ss, 14 bonds, total. 7,000
—V. 79, p. eal,50i.
Minneapolis & St. Louis RE.— Bepor^—The results for
Rio Grande Sierra Madre & Paeifle B.R.— Probable
Change in Control.— A. press dispatch from El Paso, Tex.,
on S-pt. 29 reported the sale of this 158-mlle road to W. C.
Qreene (President of the Greene Consolidated Copper Co.)
and associates, and their intention to extend the line "to
the coast in a southwesterly direction, so as to traverse the
immense tract of timber land in the Sierra Madres of
Chihuahua recently purchased by them." On inquiry in
this city we are informed that the announcement of the sale
is premature, but that negotiations are pending.
Presumaoly the deal has reached a somewhat advanced stage, as we
already have the incorporation of the $15,000,000 Sierra
Madre Land & Iiumber Co. See that company under "Industrials" below.— V. 64, p. 1138.
Roikford & Frepport (111.) Electric Rj.—Merger.—See
Rocbford & Inter Urban Ry. below.— V. 78, p. 1276.
Rockford & Inter-Urban Railway Co.— Merger of Subsidiary.— This company on Sept. 1 absorbed by consolidation
its subsidiary, the Rockford & Freeport Ei. Ry. (V. 78, p. 1278),
adding 28 miles of interurban road to the lines owned in
fee, and making a total' of 70 miles of track owned and
operated. The bonds of the Freeport Company (see V. 78, p.
1376) are assumed acd the capital stock of the Interurban is
the year ending June 30 were
0th. tnc.
Charges. Bal. for div
Net
Oross.
Tear.
$2,860,!<65 $1.160 473 $276, MS $1,1 7,643 $z98,078
1908-04
217,415
943,030
511,916
1,237,630
3,265,472
1902 03
From the surplus as above were paid dividends of 5 p.c. on
the preferred stock in. each year, amonntinsr to $200,000, and
of 2^ p 0, (|1 50,000) on the common in 1903-04 against 5 p c.
(1300.000) in 19j2-03, leaving a balance, deficit, of |51,922 in
1903-4, against a surplus of $11,916 in 1902 3.— V. 79, p. 269.
Missouri Kansas & Texas Rj.—New Pre.ndent.— Frederick
Norton Finney of Milwaukee, President of the Milwaukee
Trust Co, and a director of the road, has been elected President, succeeding Henry C. Rouse, resigned.- V. 79, p. 1832,
1280.
New Hampshire
Traction
New York
Co.— Saie.— The
Security & Trust Co. gives the following notice
Paronant to tbe final deoree in the suit of the Massaohasetts Constrnotlon Oo. versus the New Hampbshlre Traotloo Co. el al in the
Saprfme Judicial Court In Equity. Suffolk County, Mass., the ucdersljired will, on Oct ae, 1904, at 11:30 a. m.. at the office of R L.Day
:
,
increased to |l,500.0C0, of which $1,000,000 is outstanding.
The company has decided to undertake next spring the construction of a new line to extend southwesterly through
Ot<le County via Byron and Oregon and possibly on to Dixon.
Farson, Leach
Co, and their friends control and are
hnancin^ the Rockford & Inter-Urban. V. 76, p. 49.
Rock Island Company.— Interest in Chicago <fc Alton,
See that company aoove.
New Officers,— L F. Loree having resigned the several
jbert Mother, First President and Gdneral Counpositions,
sel of the Chicago Rock Island
Pacific Rill way Co was
on Ojt. 4 elected President and a director ot the R 3ck Island
Company and Chairman of the Eiecutlve Committee and
director of the Chicago Rook Island & Pacific Ry. Co. B,
F. Yoakum was made Chairman of the Executive Committee of the St. Louis «S; San Francisco
Co.— V. 78, p; 2385.
& Co., Auctioneers. Boston, sell, In one block, to the blgbeot bidder,
certain $370,000 first lien 4% p. o. bonds of the New Hampshire
Traction Co.. dated July I. 1902; also $236,300 capital stock of tbe
New Hampshire Traction Co., Issued nnder ai^reement of Feb. 1, 1902.
—V. 74, p. 1355.
&
Newport & Fall River Street Ry.— Bonds Offered.— U.
&
&
Burr are offering at
Co. and Perry, Coffin
par and interest |396,000 consolilated mortgage 414 P Cgold bonds, dated July 1, 1904, and due July 1, 1954, without
option of prior payment. The property is leased for 99 years
to the Old Colony Street Ry, Co. the operating company
south of Boston of the Massaohueetts Electric Companies,
the lessee guaranteeing payment of interest on the bonds
and 6 p. c. on the stock. For the year ending June 80, 1904,
the gross earnings were $250,505; net, |102.932; present in
Compare
terest charge, |36,130; balance, surplus, |86,80l.
Street Railway Section, page 2447, and Chronicle, V. 79,
W.
H*rris
R
,
p. 501. 213.
New York New Haven &
—
if
RR
results for the year ending
Net
Olh. inc.
Ohargei.
Bal.,»iir.
$i0r,438
$768,928
$49,063
$11,559
717.767
106,482
726,542
97,707
The charges as above in 1903-4 include $103,043 special
improvement items charged to Income. From the surplus as
above in 1902-8 was paid a dividend of 1 p. c, amounting to
$90,676, leaving a surplus for the year of $7,132.— V. 77,
1903-4
1902-3
acquired.
was announced at New Haven on Oct. 1 that all the property of
the New London Street Ry. Co.. with the exception of the franchise,
aross.
$2.41«,452
2.376,562
p. 2033.
had been transferred to tbe Consolidated Ry. Co. Practically all the
stock was acquired sevt-ral wt-eks ago.
The Worceser & Southbrldge Street Ry. Co., which recently passed
under tbe control of tbe Consdiliiated Ry. Co., has asked the Ma^sachnsetts Kallroad CommlssloDers to approve an loorease In Its capital
stock to $.'^40,000, tbe $40,000 new stock to be nsed In pnrchaslDK.
share for share, th«^ stock of the Worcester Rochdale & Charlton De-
Joseph & Grand Island
year ending June 80 were
St.
th^'
Tear.
Oross.
1902 03
-V.
Ry.— IZeport.-The
Net.
$1,314,220
1,388,162
19030*
pot Street Ry. Co.— V. 79, p. 1332.
$287,575
405,177
Int
and
results for
taxes. Bal., sur.
$234,478
227,092
$3,108
178,085
78, p. 1783.
Seattle & San Francisco Ry. & Navigation Co.— Cost to
Northern Faciftc-Hee report of that company on page 1459.
New York Ontario & Western Ry.— JVew Bond*.-The proposed $12,0110,000 nt'W boods, of which the present issue is to
be 12,000,000, are oflacially described as follows:
Payable In ^o^d, not more than fifty years after their date, with in-
—V.
terest at a rate not exceedlo^ 4 p. o. per annuiu. payable half yearly,
redeemable on six monthn' notice at 1 10 and imeresr., and secured by
a mortffaKe upon th« railroad, property aud franobi-es of the company acquired and that may thereafter be acquired. Compare V. 79,
for.-V.
76, p. 752.
South Side Elevated RR., Cbieago.—Bonds Subscribed.—
All tbe $3,000 000 bonds, it is stated, have been subscribed
79, p. 905, 787.
Temlscouata Railway, Canada.— jRcad/ustment— Prior
Lien Bonds.— The shareholders will meet in Qaebec on Oot.l8
1332, 1^66.
Norfolk & Southern RR.— Opposing Mnor if y Stock Acquired.— A syndicate headed by Tnomas W. Saelton of Norfolk, Va., has purchased for f350,000 (being a price a little
—The
,
:
Tear.
It
p.
—
&
Rutland RR.— Report.
Haatford RR. Co.— Trolley June 80 were
Roadn. This company's subsidiary, the ConsolidHted (Electric) Ry. Co., has purchased control of the Middletown
(Conn.) Street Ry. Co. at a price stated to be $15 per share
(par, |25), or equivalent to $81,000 for the entire $135,000
capital stock,
—
to approve, as did the holders of certificates of deposit of
mortgage debenture bonds, £334,000. and St. Francis
branch debentures, £140,000, in London on June 31 Act No.28
first
'
—
:
Oct.
—
THE CHRONICLE
S, 1904.]
of the 4th Session of 1904, passed by the Honse of Commons of
minion of Canada. This Act authorizes the making of
the
£50,000 prior lien bonds to provide for improvements and
additions, these bonds to bear not exceeding 5 p. c. interest
ai)d to be dne in 20 years, but subject to call at 110 upon one
month's notice at company's option; also £589,200 of consolidated mortgage 5 p. c non-cumulative income bonds, due
July 1, 1950, but subject to prior redemption at company's
option at par and interest; par value of all bonds £100. The
consolidated mortgage Income bonds are to be given £ for £
for the face value of the existing bonds and the overdue
interest thereon to July 1, 1904, and holders of the existing
bonds must make the exchange whenever notified by adver-
D
tisement in the "Canada Gazette" or the "London Times."
It is thought that the road would no doubt pay the interest
upon the £50,000 prior Hen bonds if the money is raised and
the road placed in condition to increase earnings.
Colonel Sir C. E. Howard Vincent, M. P., chairman of the
bondholders' committee, said in substance:
Good money haa undoubtedly been thrown away on abortive legal
proooedlsgB; but having regard to all the oiroumstances of the lesne
In 1888 of the bonds UDder the pretended guarantee of the Government of Quebec the funds being found by the unfortunate boudholders themBclTes- they would ha^e been most culpable If, acting on the
best advice obtainable, they had neglected to try to obtain a legal
remedy for what was certainly a great wrong It Is, however, useless orjiiDg over spilt milk. The board has eucceeded In putting the
compeny In possession of the railway without the nsual costly litigation. They have carried it on and improved it ont of its own earnings,
and, If the requisite majority of the bondholders consent to the Act
they hope to be able to repay the money subscribed for their expenses
- not a large amount— to complete the repairs of the line and to come
to an arrangement with the trustees, and it opportunity offers, to sell
«
the line.
The road extends from Riviere du Loup, Qae., to Eclraunston, N. B., 81 miles, with branch to Connors, N. B., 33
miles. Stock paid np, $991,000. Subsidies— Dominion GovernBrunswick,
ment, $645,950; Provinces of Qaebec and
1362,250 and $66,000 respectively; City of Qu-jbec. $25,000.
Year 1903-04 gross earnings, $136 224, against $184,913 in
Interest has been in default since and including
1902-03.
Jnly 1, 1898, on the £324,000 main line 5 p. c, bonds of 1888,
and since and including Sept. 1, 1900, on the £140,000 St.
Francis branch 5 p. c. bonds of 1890. The President is Frank
N«w
1463
American Shipbuilding to. Rfport.—The results for the
year ending June 80 were
Deprecia'n Preferred
Common
Balance,
Net
Fiscal
fiscal
reserve, etc, dividends,
earnings,
$288,0*8 $f>5-i,000
$1,028. ^7^
year.
19U3-4
1902-3
2,212,840
791,086
553,000
div dends.
surplus.
$7«,0
(3)228,000
$111,127
640,754
(1)
Total surplus June 30, 1904, was $8,678,442.
The following new officers were elected Oct. 5:
Officers.
James O. Wallace (recently General Manager) elected President,
succeeding William L. Brown who bnoomes Chairman of the B ard;
R. O. Wetmore (recently Secretary and Treasurer) elected Vice President and Treasurer; Ora J. Fl^h elected Secretarj; Robert L. Logan,
General Manager; and R. O. Wetmore a director succeeding L. C.
Hanua, resigned.— V. 77, p. 2036
American Steel Ponndries,— iVleu) Director.— T. K. Neidringbouse has been elec ted a director in place of the lateS. R.
Callaway, and W. D Sargent, [formerly President of AmerFoundry Co J. 2d Vice-President in charge
ican Brake Shoe
of manufacturing. Executive Committee: Geo. B. Leighton,
Edward F. Coltra, W. D. Sargent, E. B. Thomas, Max Pam
and Charles Miller.
No Dividend at Present. The question of declaring a dividend on the preferred stock was rot considered this week at
the meeting of directors, the management, it is understood,
believing it wiser to husband the company's resources pending a revival of the iron and steel industry.
Acquisitions— Report.— See annual report on page
and
Commonwealth Sttel Co. below.— V. 79, p. 272.
—
&
—
Bnffalo * Snsqaehanna Iron Co. Plant Completed— Dc'
scription— Bonds Offered. This company's model furnace
plant at South Buffalo, N.
has been completed, and the
fires were lighted under one of the two furnaces on Sept. 28.
Rogers, Brown & Co., sales agents for the company, are
taking orders for the finished product. The estinsated yearly
production of the company is 225,000 tons of pig iron, and
with its many labor-saving devices and its superior location
for the assembling of raw material, the plant is expected to
manufacture iron at less cost than any of its competitors,
producing net profits several times the interest on the $3,000,handsomely illustrated pamphlet describing the
000 bonds.
enterprise, issued by Fisk & Robinson (No. 35 Cedar St,, New
York, and No. 28 State St., Boston) gives the following
The company's plant was created at the Initiative of its Presi
—
Y
,
A
:
Grundy, Sherbrooke, Qaebec.
the
Rogers,
Toledo & Indiana (Electric) Ry.— Bonds Cj^cred.— Stock- dent, William A. Rogers, senior member ofcobe firm of country Brown
In the
& Oo., the largest dealers in pig Iron and
Assoton & Clark, fiecal agents. New England Building, Cleveland, ciated with him are Frank H. Goodyear and OhHrlfS W Goodyear of
are oflEering for sale $1,000,000 of the $1,650,000 30-year 6 p. c.
bonds. An advertisement says :
Thirty miles of this line are now In operation between Toledo and
Wanseon. The terminal of the road to be Bryan, Ohio, 55 miles west
of Toledo. The net earnings of the 30 miles now in operation are
Bufilolent to pay the Intereec on the entire bond issue. The construetion of the balance of the road between Wauseou and Bryan Is being
rapidly pufhed and the entire road will be in operation by Feb. 1,
190&. Bteam railroad construction throughout.
See page 2555 of STREET
V. 76, p. 1356.
Railway Section.—V.
75, p. 983;
—
Toronto Ry.— Guaranteed Bonds Offered, See Toronto &
York Radial Ry. below.— V. 79, p. 271.
Toronto & York Radial Rj.— Guaranteed Bonds Offered. —
The Dominion Securities Corp., Toronto, ia offering at 102*66
and interest $250,000 of this company's $800,000 5 p. c. first
mortgage gold bonds, guaranteed absolutely, both as to principal and interest, by.the Toronto Railway Co. An advertise-
ment says
:
Bonds dated October 1, 1904. due October 1, 1919; Interest payable
October let and April let at the Bank of Montreal, Toronto or New
York; denominatUn, $1,000. TheToronto & York Radial By Co. comprises the suburban lines of the Toronto Ry. Co., 40 milts in all. These
bonrts are Issued to the extent of $20,000 per mile and form a first
charge on the suburban lines.
Yirgrlnia Passenger
& Power
Co.,
Richmond, Ya.—New
Trustee.— The Central Trust Co., New York, has succeedtd
the Merchants' Trust Co. as trustee under the mortgage
Power Co.
made Jan. 1, 1900, by the Richmond Paesenger
&
—V.
79, p. 787, 682.
West Jersey & Seashore RR.— New Stock Ojoffori.— Shareholders of record on Oct. 7 are offered the right to subscribe
to $1,264,000 new stock at par ($50 a share) between Oct. 17
and 22, inclusive, to the extent of one share for every
four held by them respectively. Subscription must be paid
in full at once. The new stock ceitificates, to be issued Nov.
The
1, will participate in all dividends hereafter declared.
offic iai notice states that this sale of stock is made for the
following purposes:
To provide a portion
of the capital required for the acquisition of a
one half Intereft In the terminal station in the City or Oamden. Jointly
used by this com pbny and the Prnnsylvania RR Co., and for other
construction and equipment expenditares in oonneor.ion with the nlnvatlon of tracks in said city, he revision of the Krade or the trolley
line in Atlantic City, the paving of Atlantic Avenue, and the Im
provements conneotf^d therewith, in compliance with the ordinance of
that city; the elimination of grade crossluics, the constructlm of terminal iui provements atOape May, and for other corporate purposes.—
I
V. 79, p. 209.
INDUSTRIAL, GAS AND MISCELLANEOUS.
Buffalo, the chief owners of the Boff tlo & Susquehanna RR
8. M.
Clement, President of the Marine National Bank of Bafla'O, and
engaged la the manufacture of Iron and
Hugh Kennedy, who has been
steel for the past 25 years, and who is General Manager or the company. This group of men has invested In the stock $1,000,000,
paid in at par in cash. The balance of the cost of the real estate, ore
properties and plant has been provided from the proceeds of the sale
of $^,000,000 5 per cent gold bonds. The plant Is the finest of its kind
in the world.
The ore properties are situated at HIbbIng, Minn., and at Iron
Mountain, Mich. The former covers about 80 acres and is leased for
50 years at a rental based on an estimated oac^aolty of lo.ooo.OOO
tons.
The entire rental has been paid in advance. The lands
are much
was originally supposed, about 26,richer than
000,000 tons of ore having been already shown up. Under the
terms of the lease this inures to th« benefit of the I'on Company. The
ore is high-grade Mesaba, running about 60 p. o metallic iron. The
second property, also operated under lease, is underlaid with about
1 ^,000,000 tons of a coarse ore soltsble for mi:xlng with that from the
HIbbIng mine. Transportation on the lakes will be aff >rded by a line
of ore steamers, of whloli thH "Frank H. Goodyear" is thPi first..
Tbe entire supply of coke will be obtained from the Powhatan Coal &
Coke Co., an allied corporation. Contracts have been made at a satisfactory price for the en'ire output of the Powhatan Co., which owns
about 25,000,000 tons ot coking and steam coal at Tyler an'i at Sykesvllle. Pa. The entire tratllo will be over the lines of the Buffalo & Susquehanna Bv. Co which Is controlled by interests closely allied with
the management of the Iron Company.
Fisk
Robinson are offering a block of the $3,000,000 first
mortgage gold 5s at 98 and interest. Compare statement an<i
map on pages 438 and 489 of Railway Inddstkial Sec;
.
&
&
tion.—V.
78, p. 770.
Chesapeake & Ohio Canal.— Bids Asked,—The Board of
Public Works of the State of Maryland will receive sealed
proposals until 12 M. Deo. 1 for the entire interest of the
State, as mortgagee, creditor or stockholder in the property of
this company, subject to all claims duly proven under Act of
1896, Chapter IdQ^.
Bidders must depo'^it certified check
for $26,0(j0. The Western Maryland RR, Co. desires the
property for a right of way to Washington.
The canal is being operated by trustees under order of
court expiring Dec. 81, 1905 (see V. 74, p. 328; V. 72, p 875).
respective interests of the State of Maryland and the
Baltimore & Ohio RR. were given approximately in V. 67, p.
1109.
The strong box supposed to con ttiu tbe State's canal
Te
securities
was recently opened and found empty.— V.
Commonwealth
Steel
Co.— New Control.— AmericAn
1902.
1904.
1903.
Net Earnings—
Fourmuuihsendlng Aug. 31
$817,&4i $2,078,000 $2,322,618
The dividend as declared for the quarter, payable Nov. 1,
1904, viz., 1^ p. c. on the preferred, calls lor $526,000.—
V. 79, p. 101, 105.
Steel
Foundries has purchased 60
capital
per cent of this company's
issue $1,000,000) and Clarence
stock (authorized
H. Howard has been elected Prefident. The interest acquired is a part of the stock held by the Niedrlnghnne firm.
The Commonwealth Company's plant 1p located at Granite
City, Ill.,8dj iningthatof the National Eo8mtling& Stamping Co., and has a monthly capa< i»y f 3 000 tone of openhearth steel. The new management will devote its attention
chiefly to the making of railroad specialties, such as double
body bolsters for papsenger cars and separatile body bolsters
for freight cars, D^ivis counterbalanced locomotive driving
wheels, etc. The stock is all of one class and nearly all outstanding; par of shares, $100; no bonds or mortgage. Besides its plant the company owns 20 acres of land, valnatle
«
American Car & Foondry i'o.— Earninga,—The following
official statement was Issued on Monday:
79, p.
682.
—
"
:
TUK CHRONICLE.
i4()4
(Vol.
Lxxix
George K HobHtz«'lI \n 8pcret«ry and Treae- mnnrbs. an amount more than three times as great as the average
annual requirements or the boudnd debt— both principal an lat«trest.
Bank of Commerce Bnilding, 8t. Lonia, Mo.
Dreamland Corporation, Coney l^laud, N. \.—Htatu».—
Commercial Table Co.— New Stock Option. ~8h&rehol(\erB Counsel 8amu>'l Whitehoupe ih quoted as saying that the
of record Oct. 26 will have the privllejfe of Bnbscribinif on or compiny has "cleared over $400,0.0 in net profito, which la
before (JcK 25 for $1,0Q0,0<'0 new stoch at par to the extent of more than 20 p c. on an investment of a little oyer $ ?,0(tO,COO."
one new phare for every fifteen held by them, respectively.
The company was incorporated at Albany on Maroh 13,
Most of the stock 1^04 Its capi^allziition and directors are as follows:
Sabecriptinns are pavable In fall at onoe
held by the Mackay Campanies. — V.78, p. 1107.
is now
Capital stock authorized, all Isaued
$l,S00.000
patentP, ptc.
nrer. Office,
i
—
A press dpspatch
Bagr Co.— SnZi.
reports the f ale of the plant to C. E. Frye and H. A. Merzger
of Indianapolis for f.'>2,300. The oref^itors, it is stated, had
CoDSolidatrd Paper
previonsly received "3
&
p. c.
dividends."— V.
79, p, 629,
Real estate mortnage
400,000
Dreamland morteagn and Income registered
«rold
bonds, par
Interest at 6 per cent payable as declared
by directors. Principal due Jan. 1, 1914 Bonds ruav be
paid at par at any time by lot. All must be paid before
there Is a dividend on the stock. All of these tionds were
sold at par Title Guarantee A Trust Co Trustee
Dreamland registered debenture gold bonds, parvalne $'00.
Interest at 6 p>^r cent payable semi-annually, bCKinnlng
Sept. 1.1906. Entire issue sold at 60. Title Qua ran tee
»lne$.*S00.
,
750,000
Centinental
Railway Equipment Co.— Status.— Tbia
company, "manufacturers anl dealers in all classes of railA
road and contractors' machinery, new and second hand
Trust Co ,TrnBt6e
760.000
locomotives, cars, rails, track, material, spikes, etc.," in a
ZMrectort.— William H. Reynolds (President), Eugene D. Wood,
circular dated Sept. 1, annonnces that it has purchased and Qnorge P DobsoD, 8. 8. Whltehoaae, Edward O. Boyoe, Joseph Haber,
taken over the business of the Commerolal Railway Equip- Office, Brooklyn, N. Y.
ment Co. (See V. 76, p. 1357.) The circular further says:
Electric Vehicle Co.— Loan Paid.— The company confirms
The GoDtlnental Railway Equipment Oo. controla the B'anohlte the report that it has paid off a three-months loan of $250,000
ProoeRS Paint Co., manafaoturt^re of "Blanoblte" pain', eDamel and and Is in excellent financial condition.
V. 77, p. 358.
prefo-rvaftve for wood. Iron, et«>el and roufe. It also oonrrola, together
Falton Coal Co. Stock Again Reduced. This company
•with the Tide-water Oil Co., "Cerl'>n" p»lnr, h»vlnK a factory for the
mamifrtpture of the same at the Tide water Oil WorkB. Berfcen Point, and the L^onst Gup Improvement Co., subsidiaries of the
The Blanohlte prepara'lonK, after a twelve months' trial In the Rt^ading Company, have from the earnings of the year 1908-04
N. J
New York 8abway, were adopted by the Rapid Transit ComDalssloners voted to reduce their capital stock, the former 40 cents per
and exolnslve oontraots awarded. In Phlindelphla also exolunlve contracts were awarded on 8 miles of the Philadelphia Subway now in share, or $28,487, to $213,557; par of shares originally $5 now
oonrBe of ooiupletlon. The process aud paints have also been adopted $8; the latter by 20 cents a share, $11,858, to $501,008, making
by some larjie railroads and others.
The company also becomes possessed of $1,850,000 oat of a total the par value $8 45 against $10 formerly.— V. 79, p. 6»0.
Issue of $2,' OO.OdO or the stock of the Richmond standard Steel Spike
Illinois & (^ef^rgia IraproTement Co., Chicago.— i2eceit>er& Iron Co. of Richmond, Va., which has been in operation for Ave thip Suit.— The American Trust & Savings Binfe of Chicago,
years. It, however, assumes no responsibility or obiUatlons of that
company. The stock is merely an acs'^t of this oompuny. [In 18^9 as trustee, brought suit in the Saperlor Court at Chicago on
Sept. 24 for tbe enforcement of a loan of $750,000 made by
the Riobmond company made amortg*ge to the Olty Trast Co. of N.
Y., as trustee, to secure $l.600,0"0 of 6 p. o. gold bonds due May 1,
'his company on pledge of the stock and bonds of the Macon
l»2v, but ea^Jpot to call after Jan. 1, 1905. at 108 and Interest for
sinking fund of 1 p. c. of net earnl gs. Denom'natlon $=iii0. Interest Dublin & Savannah RR,, which it built and owns. No inpayable May 1 and Nov. 1 at company's oflloe In Richmond, Va. terest has been paid on the bonds since April 1, 1904. Some
Total of suld bonds outstanding i il8,f>0o. V. e8, p. l'>77 ]
of the shareholders are seeking to prevent a receivership.
The spveral factories wre located at New York City. Bergen Point. N. See page 369 of Railway and Industrial Section.
J and Riobmond, Va. Theoornoany also has the exclusive agencies
heretofore held by Commerolal Railway EctuUiment Oo Indiana Road
International Power Co.—Preferred Divi lends Resumed.
Mach'ne Co., Erie Machine Shops. Cook M.tn. Co Strondsburg Engine —Dividends on the $600,000 of 6 per cent preferred stock,
'Works, and ao's as sales agents for the Qarry Iron & Steel Co.,
Bchontbal Iron & Steel Co., Atlas Oar &Mfg. Co., Georgia Car Co., etc. which were suspended early in 1903, have been resumed, a
Of the company's $4,000,000 capital stock, |3,703,000 is semi-annual distribution of 3 per cent having been declared,
payable Oct. 16, 1904, to stockholders of record on Ojt. 3.—
outstanding; oar of s bares |100. No bonds. C >mpare V.
V. 79, p. 503.
F. C. Hollins is President; F. J. F. Thiel, Sec
76, p. 1357.
Eejstone Telephone Co., Philadelphia.-i^oattnf Debt.retary and Treasurer; Geo. H, H^wes, General Manager, 43
The company is said to have extended Its $1,400,000 loan
Broad St., N. Y. City.— V. 77, p. 1876.
held in this city on the original basis. Compare balance
DlBtlllers' Securities Corporation.— JBeporf.— The report sheet in v. 79, p. 90 1. Tbe net earnings for the nine months
for the fiscal year ending June 30, 1904, shows results which ending Sept. 30, 1901, it is said, were $357,124, contrasting
compare with those for earlier years as follows:
with $158,435 for same period of 1903. See V. 78, p. 327.—
"Grru
Total
Allothtr
"Net
Fisal
I terest
V. 79, p. 901.
chartes.
profits."
Year.
Tceeints.
on bondt
proftU."
190d-4
$79 lo7,l66 $3,67m,464 $9«9.2i6 ¥l,04i,'-sn $1,6h7.987
Loonst Gap ImproTement Co.—Stock Reduction,— S^q Ful82,730.'06 3,966,»<3l
612.053 1,169,787 2,184,791
19oa-3
1901-2
85,371.819 3,306,860 28\310 1,285,194 1,78*,356 ton Coal Co. above.— V. 77, p. 772.
Matkay ( ompanies.- See Commercial Cable Co. above,—
The "net profits" as above comoare with $1,657,850 in
1900-01 and with $735,039 in 1899 00.
V. 78, p. 991.
From the "net profits" of 1903 04 ($1,697 9S7) were paid
North American Eice Co.—Foreclosure.— The Guaranty
dividends sggregatirg $1,805,462 (4 p. c.) leaving for addi- Trust Co, of New York recently brought suit to foreclose the
Total surplus Jane 30, 1904, $150,000 6 per cent first mortgage, the interest due April 10,
tion to surplus, $392 525.
$5,725 991.— V. 77, p. 1748, 1535.
1903, and since being in default.
The ooQipaDy purchased in 1902 the Live Oak Plantation, consisting,
Dodge (Palley) Kanafactarlng Co., iHishawaka, Ind.—
acres
canal and pumping
Bonds Offered.— feahody Houghtellng & Co., Chicago, are it is said, of over 7,000of Lakeof land, 8 miles ofllrit crop, it is stated,
plant at tbe lower end
Arthur, La. The
a price to net the investor b% p. c the unsold was rained by salt, water, and subsequent crops oy lack of water supply.
offering, at
—
—
,
,
,
,
portion of $500,000 first mortgnge 6 p. c. serial gold bonds.
These bonds are dated Sept. 15, 1904. and mature $60,000 on
Oct. 1, 1905, and therenfter in semi-annual instalments, of
$30,000 in 1906, of $25,000 in 19)7-1913 and of $20,000 in 19131914; also redeemable in numerical order Oat. 1, 1903, or on
Denominrition,
interest days thereafter at 102 and interest.
$500 and $1 000. Interest payable April 1 and Oct. 1 at First
Trust & Savintfs Bank of Chicago, the trustee.
President Melville W. Mix, writing on Sept. 3, 1904, saye:
The business was established In 18 78 and incorporated in 1880
under the laws of Indiana, with a capital stock or $5U Oi)"; In 888 this
was Increased to $2^0,000. In 1>*97 to «500 OOOand in 1903 to $1,000,000. The company has never had an unprofitable year; it has earned
for its shareholders considerably over $2,« 00,000, of which nearly
$l,5u0.ouO has been added to Its resources. At present the earning
power will enable ir to pay 10 p. on i's capital stock after providing
for interest on bonds, the payments of principal, d^precUtlon and additions to surplus. Produces eqoipmenc for transmission of motive
power f>)r every br^noh of manufacturing, viz.. wood and lr< n split
pulleys, bhaf ling, oiutohes, couiillngH, sheiives, Uoor stands, hangers
and bearings, machinery and equipment for rolltnif mills, glass wurKs,
cement plants, oot'on and woo. en mills, sugar mills, flour miUa, grain
and other elevators, etc. Actively represented in all parts of the
olvilleed world. Among Its 12,000 patrons are many of the largest manuracturlng coporatlons In this oonncry.
Ocoupi ^a in its factories
about 16 acres of fl>)or space, employs 900 opniratives and transacts
an annual buslneas of over il>l, '00,000, wbfoh, with the reoenc inorrased equipment, will undoubtedly soon reach the two million mark.
This IsHue of bonds Is ma'ie tu rand the fl')at;lng debt, and whnn
1
Issued will oonetltute the entire debt of the Corporation.
pletlnc: this transaction the condition of the
proximately as follows, as of July 1st, 1904:
A$tets - Plant, $921.< SH; cash, bills and acnounts
company
After
com
will be ap-
receivable. |410,0O9; mer-
s Md but u delivered. (^/n.4v;l; ran^ aud finished merctiandlse, *505.13-«; i.therH98eti>. |1S,» rt; total. »<i.0Sl.63..
i>irtitt.firs-(;apUMl 8t>ck. $i.0iJ0,0uo; b )nded oebt. »5'i0,000; current operate
Ing accounts $0 ,»-b5; proU' and li)»8. $518,648; total. *2.iWl,a«4.
[Tbe c inipany carries lusurauoe on the llfd of its I'residenl to the amount of
chandise actually
t^uii.O 0.
wnich
Is
iLCluded
among the
assets at a Qvure representing
Its
cash
surrender valuc.J
An Independent examination of the books shows that the company
earned dn ing the 9 ytara and 10 months ending June 30th, 1904,
net, $1,600,509, after writing off propnr charges f >r dopreolatlon.
These earnings are at the average net rate of over $160,000 a year for
the entire period, aud over $ZU4,000 for the last 4 years aud 10
Nova Scotia Steel & Coal Co.— iVcie Bonds.— The shareholders were to vote on Oct. 8 on a proposition to authorize
the making of a consolidated mortgage securing $3,900,000
of 6 p. c. 25-year gold bonds with 3 p. c. sinking fund and
the cancellation of $970,000 of treasury preferred stock. Of
«he new bonds $2,400,000 will be reserved to retire at or
before maturity the existing first mortgage bonds, and the
remainder, $1,500,000, is to be issued at once, having already
been underwritten. The directors estimate that ttie plant
when fully completed will show even batter results than the
followiog estimate
Annual profits (estimated), $1,012, ."iOO; fixed charges: Interest and
sinking fund on bonds, $320,000; additional einklcg fund on coal.
$30,000; dividend on pref. stock, 9S2,400; total, $432,400; leaving
for dividend on common stock, depreciation and reserve, 9 ^80,100.
The directors have declared the U8ual dividends, viz., 2
p. c. quarterly on the preferred and 3 p. c. semi-annual on
the common stock, payable Nov, 1 to holders of record 03t.
15.
Compare last report in V. 78, p. 3697, and prospectus in
V. 74, p. 93— V. 79, p. 969.
Oshkosh (Wis.) (ilas Light Co.— Pftrchase.-Thls company
has purchased the plant of tbe Oi^hkosh Electric Light &
Power Co., fonTierly owned by the United Electric Securities
Co. of Boston, Mass., and so completed its control of the gas
and electric lighting of the city. The purchase price of the
Light & Power plant is said in Oahkosh to be aboa''^ $315,000.
(Compare V. 79, p. 737) H. M, Byllesby & Co. of Chicago
oave been appointed engineers and consulting managers of
the consolidated properties.— V. 69, p. 1015.
Pacific Packing & Navigation Co.— Sale Nov. if.—The
forecloeure sale is pet for Nov. 13; upset price of property of
Pacific American Fisheries Co., $225,000, of Pacific Packing
& Navigation Co., $500,000. The reorganization plan has
been abandoned for want of sufficient subsoriptions to the
preferred stock. -V. 79, p, 683,
l7*For otUer Investment News see Pases 14S0 and 148l>
.
OOT.
THE CHRONICLE.
$, 1904.]
jep0rt$
1465
un& ^ocnmtnts.
SOUTHERN RAILWAY COMPANY.
TENTH ANNUAL REPORT— FOR THE YEAR ENDED JUNE
1904.
30,
New York, October 1, 1904.
To the Stoekhnl iera of the Southern RaUway Uompar.y:
The Prt-sident and Board of Directors submit the follow-
FINANCIAL CONDITION.
The Financial Condition of the Company at the close of
the year is shown in the comparative balance sheet (Table 1)
ing report of the operations of the
Profit and Loss Account.
The balance standing at credit of Profit and Loss on
was
June 30, 1903,
$5,962,56157
The balance standing at credit of that account on June
6,162,898 37
30, 1904, was
For details of Profit and Loss Account see Table 4.
Capital Stock.
There has been no change- during the year in the amount
of Capital Stock Outstanding.
Southern Railway Mobile & Ohio Stock Trust CERXiriCATES
$4,932,600
There were outstanding on June 30, 1903....
700,000
There were issued during the year ended June 30, 1904.
ended June
Company
for the year
30, 1904:
INCOME ACCOUNT.
1904.
1903.
$
$
Increase.
$
Gross Earnings from Op...45,109,777 34 42,354,059 76 2,755,717 68
eration Operating Expenses and
33,115,467 12 30,989,139 88 2,126,32724
Taxes........
Net Earnings
fi-om Oper-
11,994,310 22 11,364,919 88
1,211,26132
Income fr»ni other sources 1,395,18101
629.390 34
183,919 69
12,576.18120
813,310 03
60
506,287 98
tion
Total Income
13,389,49123
Total outstanding on June 30, 1904
Interest
Other
8,952,328 58
and rentals
Deductions
8,44tj,040
from
Income
287,663 54 Dec.30,900 81
8,733,704 14
475,387 17
Surplus Income over
Charges
4,180,399 92
3,842,477 06
337,922 86
Dividends on pref. stockNo. 11, 2^ -p 0., paid In
April. 1903; No 13, 2>«
paid in April, 1904 1,500,000
No. 12, 2^ p. c. paid in
Oct., 19u3, and Reserve
for Dividend No. 14. 212
P c, payable in Oct.,
PC
The additional $700 000 Stock Trust Certificates were
issued upon the deposit of a like amount of the ( apital Stock
Ohio Railroad Company with the Guaranty
of the Mobile
Trust Company of New York, Trustee, which Capital Stock
.
256,762 73
9,209.09131
Total Deductions
00
1,600,000 00
1,500,000 00
1.500,000 00
3,000.000 00
Surplus over preferred
Dividends
1,180,399 92
Appropriations
Special
842,477 06
135,00000
707,477 06
Total Dividends
.....
Improvements and
Beterments not to be
Balance carried to credit
of Profit and Loss
Four Per Cent Bond.
i).
300,883 52
Special appropriations for improvements not to be capitalized consist of cost of: reduction of grades and curvature,
elimination o*^ grade crossings, new shop and station build-
strengthening bridges not requiring renewal, but
needed for use of heavy motive power, new locomotives in
anticipation of future renewals, and miscellaneous small
improvements not producing revenue.
Other Deductions from Income include $315,037 dividends
accrue'1 during the year on Southern Railway Mobile <fe Ohio
Stock Trust Certificates, as against $160,309 for the previous
year, an increase of $54,728. Dividends on Mobile & Ohio
Railroad Company stock amounting to $112,653 were received by the company during the fiscal year.
For details of Income Account see Tables 2 and 3.
For report of Earnings and Expenses of substantially the
same lines see Table 9, page 29, of pamphlet report.
ings,
MILEAGE OPERATED.
The average number of miles operated for the
1904 was 7.1«439, as compared with an average
fiscal
year
of 7,la9'39
miles in 1903.
The mileage operated at the close of the year was 7,196'82
miles, as against 7.13698 at the close of the previous year,
an increase of 69"84 miles, consisting principally of: Tennessee Northern Railway, 11'30 miles; Knoxville & Bristol
Railway, 39"60 milep; Whitney Branch. 6*20 miles, and the
lines from near Cedar Bluff, Ala., to Mines of the Alabama
Steel & Wire Company, 5-06 miles, and from Oliver Springs,
Tenn., to Mines, 2-44 miles.
The following lines were abandoned and the tracks taken
up during the year: Castleman Junction, Ala., to Castleman,
Ala., 3-63 miles, and Granite, Va., to Westham Granite
Quarry, Va., 2*69 miles.
For details of mileage, see Table 28, page 44, of pamphlet
report.
Increase in Interest and Rentals.
The net increase in Interest and Rentals for the year,
amounting to $506,287 98, was due principally to: interest on
$15,000,000 Southern Railway Company Five- Year Five Per
Cent (.ollateral Trust Gold Bonds, issued April 1, 1904,
$187,500; interest on $3,933,000 Southern Railway Company
Firs' Consolidated Mortgage Five Per Cent Bonds sold during the year, and $74,000 issued upon retirement of an equal
amount of Charlotte Columbia & Augusta Railroad First
Mortgage Five Per Cent Bonds, Extended, $139,4i'3 82. interterest on Certificates of Indebtedness, $1.Sh,i.V5 65, and interThe deest on Eqnipnient Trust Obligations $101360 51.
crease in interest on Southern Railway Company Collateral
Trnst Two- Five Year Four Per Cent Gold Bonds, retired
April
1904, amounted to $40,000, and sundry decreases to
'
,
$29,072 75.
Onio Railroad Com-
Five Per Cent Bonds,
2,001,000 Southfrn Railway First Coneolldated
Four Per Cent Bonds, Series 'B,'
100,000 Memphln Division First Mortga>(e Four
an One Half fiv« Per < ent Bonds,
1,6C0,000 Memphis Division Second Moitgage Five
Per Cent Bouds,
500,000 St. Louis Division First Mortgage Four
Per Cent Bonds.
500,000 Knoxville & Ohio First Consolidated
for
Capitalized
&
The Funded Debt outstanding on June 30, 1903 (Including Southern Railway First Cunsol' dated Mortgage and Divisional Mortga.^e Bonds owned by the
Companv) was
$138,870,321
On June 30, 1904. as shown by the Balance Sheet
(Table 1), the Funded Debt (including the following
bonds owned by the Company:
$1,476,000 Southern Railway First Consolidated
639,806 38
406,593 54
had been purchased from the Mobile
pany for cash at par.
Funded Debt.
337,922 86
773,806 38
&
3,000,000 00
i904
$5,632,600
.
was
152,434,100
Net increase during the year
$13,563,779
$6,077,000)
This increase includes bonds issued for the retirement of
$10,(00,000 of Certificates of Indebtedness issued for urposes stated in Annual Report of 1903 and not classified as
t
Funded Debt.
Additions During Tear.
Southern Railway Co. First Consolidated Five
Per Cent Bonds
$2,245,000
Issued as follows:
rettrement of an equal amount
of Richmond & Danville Equipment Kinking Fund Five Per Cent
Upon
Bonds
Upon
$122,000
retirement of an equal amount
Kapldan Railof Charlottesville
road First Mortgage Six Per Cent
&
Bonds
20,000
Upon
retirement of an equal amount
of Charlotte Columbia <fe Augusta
Railroad First Mot ttage Five Per
Ceut Bonds. Extended
retirement of an eqt
Upon
74,000
al
amount
Franklin & Pittsylvania Railroad First Mortgage Six Per Cent
of
Bonds
29,000
For account of betterments and Improvements and for the acquisition of new property, as provided
2.0'>0,000
for in the mortgage
5..>, ^^..^
Southern Railway Company Five- Year- Five
Per Cent Coll iteral Trust (lold Bon Is Issued
April 1, 1904, to retire $4,000 OOO Collateral
Trust Two Five-Year Bonds, $10,000,000 of
Certificates of Indebtedness and for other
purposes
$15,000,(X)0
South<-rn Railway Company Mobile & Ohio
Collateral Four Per Cent Bonds issued to
acquire an equal amount of M<>i>i1e & Ohio
Railroad Company General Mortgage Four
Percent Bonds
16,000
.
Louisville A Nashville-Sonthern Monon Collateral Joint Four Per Cent Konris (Southern
Railway Company's proportio'i)
Knoxville A Ohio Railroad Company First
Consolidated Mortgage Four Per Cent Bond.
19.179
600,000
$17,779,179
Rediieliom Ihiring Tear.
Southern Railway Company Collateral Trust
Two-Five- Y. ar Four Per Cent Bonds retired
April 1, 1904
$4,000,000
Richmond & Danville EqulpmentSlnklng Fund
122,000
Five Per C^nt Bonds retirod
Cliarlotte rolumhin & Aiiguxta First Mortgage
74,000
Five Per Cent Honils, Ext^'ndod, retirt'd
Charlottesville & Rapidan First Mortgage Six
19,400
Per cent Bonds retired
Total Addltiona
4.216.400
Total Rednctions
Net Incriabb
in
Funded Debt
.913,663,779
THE CHRONICLE.
J46G
COLLATKUM, THU8T FIVKYKAR FIVB I'KB CENT QOLU BONUS.
of a total authorized isHue of $10,0nO,O0u of Collateral
Trust Five Per Cent (xold Bonds dated April 1, 1904, maturing iti five years, but redeemable after two years, there
were issued during tha year !}:15,000,00 ). Out of the proceeds of this issue $4 000.000 Collateral Trust Bonds of December 1, 1901, and $10,000,000 Certificates of Indebtedness,
issued at various dates since lb97, were retired. The funding
of these several issues of certificates, as suggested in previous reports, has thus been advantageously accomplished
for a period of five years.
KquiPMENT Obligations.
There were outstanding on June 30, 1903, Eiiulpment
Out
liroiujhl
$768,437 93
of
a<
$4,60 J. 324 01
Credila—
Account of purchase price of Memphis
Charleston
114,757 22
Total additions during the year (See Balance Sheet,
Table 1)
$4,488.466 79
To Oogt of Eijuipmenl
340 000
458,000
354,000
342,469
1 Derrick,
2 Ditohing Machines,
1 Scale Test Car.
Oredils—
Sale of Marine
Total additions during the year (See Balance Sheet,
viz.:
34 Passenger Tiain Cars,
10,825 Freight Gars,
354 Locomotives.
196 Convertible Ballast Oars,
4 Work Train Cars,
The contract price of which equipment was
$14,971,129 50
Of which there has been paid to June 30, 1904
7,180,831 76
equipment as
20 Swltohiog Locomotives,
34 Passenger Locomotives,
700 Freight Oars.
93 Freight Locomotives,
The total cost of this equipment was $3,235,175, of which
$757,175 was paid in cash, and Equipment Trust Obligations
bearing 4 per cent interest were issued for the balance,
$2,478,000.
Payments on Account of Equipment Sinking Fund Bonds.
Payments during the year on account of Richmond & Danville Five Per Cent Equipment Sinking Fund Bonds
amounted to
$126,455 00
Charges to Capital Accounts,
To Cost of Road For
new construction and real estate—
,
.
Branch fiom Woodlawn,
Ala., to
Bessemer, Ala. (Balance)
Badham Spur Extension to Mines of the Bessemer Laud
& Imp. Co., Shelby Co., Ala
Bennetts Fork Branch Extensions to Mines, Tenn
Branches In and near KnoxvMe, Tenn
Middle Fork Br<»noh Big Mountain Spur near Oliver
Springs, Tenn
Danville, Ky., Extenxlon from Harrodsbnr^c, Ky., to
conDe«ti..n with C. N. O. & T. P. Ry
North Birmingham. Ala., Yards and Improvements
Second Track and Revision of Line, Alexandria, Va., to
Orange,Va
SecoLd Track Ashoville, N. C, to Blltmore, N. O
Second Track Spartanburg, S. C, to Spartanburg
Junction, S. C. (Balance)
Revision of Lme Asheville Division (Portion not
charged to Income)
Revision of Line St. Louis Division (Balance)
Stxjrage and Hepali' Yard at Youngstown, Ky. (Balance)
Warehouse P er No. 7, Mobile, Ala
Va
New
New
freight Depot Atlanta, Ga.
Frri.ht Depot Augusta, Qa
Shops at Sheffield, Ala (Balance)
Additions to Shop Buildings, Machinery
12,504
7-1
79,596 55
39,880 .'S9
84,t0051
46,013 82
2,158 91
62,316 36
1,911,018 31
29,309 74
18,550 70
70,782 70
49,700 35
18. ^-OO 70
24,835 75
27,107 91
13,81541
lO.ifiOOS
13,4t771
3,109 98
and
Tools,
Atlanta.Ga
Additions to Shop Buildings, Machinery and Tools,
Spencer, N. C
New and Additional Machinery and Tools for other
Shops
..
Coal Hoist at Alexandria, Va
Additions to Yurd Monroe. Va. (Balanco)
Additions to Yard Hpartanburg, ». C. (Balance)
Additional Yard Facilities and Secona Track Pomona,
N.C
Net cost of Passing Tracks and TratkB to Industrial
Plants not ihargea to Income
Miscellaneous
Total OoDstraotlou and Real Estate
l.(X)0,000
3,250,000
$14,867,000
Authorized during the year:
Southern Ry. Co Five-Year-Five Per Cent Collateral
Trust Gold Bonds
Knoxvllle A Ohio BR. Co. First Consolidated Mortgage
Bonds.
1.000,000
500.000
$16,367,000
Iseaed during tbe year for Improvements made and to
be made:
Southern Ry. Co. First Consolidated Mortgage Bonds.. ..
2,000,000
Balance reserved and unissued In hands of Trustees,
June 30, 1904
$14,367,000
ADDITIONAL PROPERTIES, INVESTMENTS, LEASES, ETC.
Knoxville & Ohio Railroad— TENNtssBK Northern Railway.
By deed dated October 8, 1903, the Knoxville & Ohio Railroa(^ ("ompany acquired the property of the Tennessee Northern Railway Company, consisting of a railroad extending
from a connection with the Knoxville & Ohio Railroad at
LaFollette Junction, Tenn,, to the town of L^Follette, Tenn.,
a distance of 11-30 miles, with a franchise and certain right
way
for
Since
its
an extension to the Kentucky State Line,
organization the Southern Railway Company has
controlled the Kno-xville & Ohio Railroad Company by virtue of ownership of its capital stock, and by deed dated Decemoer 31. 1903. it took over the direct ownership ani opera$152,414 68 tion of the Knoxville & Ohio property and franchise, in237,15166 cluding the recently acquired Tennessee Northern Railway.
29,098 87 The lien of Southern Railway Company First Consolidated
Mortgage heretofore resting upon the capital stock of the
1,512 45 Knoxville & Ohio Railroad Company was thus extended to
Peters Street Viaduct Atlanta, Ga. (Portion not charged
.
$7,900,000
2,717,000
fol-
:
Slip at Norfolk,
Memphis Division First Mortgage Bonds
Memphis Division Second Mortgage Bonds
at. Louis Division First Mortgage Bonds
$7,790,297 74
Real Estate at various points
Oholona-Blg Creek Line in Mississippi
Cedar Blufl Spur Extension irom near Cedar Bluflf, Ala
to Ore Min^s (Balance)
-.
Spring Garden Spur Extension from Spring Garden, Ala.,
to Ore Mines (Balance) ..
$1,470,487 88
1)
Southern Ry. Co, First Consolidated Mortgage Bonde
The outstanding Equipment Obligations created by Southern Railway Company, amounting to $7,790,297 74, represent
unmatured balances on contracts covering the following
Income
Table
Bonds Reserved foe Future Improvements.
On June 30, 19ii3, there were unissued the following bonds
reserved under the terms of the several mortgages for future
improvements, viz.:
$'68,487 93
Series " D," covers
$46,077 50
1,095 00
47,172 60
1,919,469 19
Balance luimatured, as stated
Equipment
Miscellaneous
00
00
00
19
KET INCBEA8E
to
$1,517,660 38
Representing cost of:
$2,687,957 12
Total Keduotlons
Warehouse and
For—
NEW AND additional equipment
37 Pa-'St-nger Cars,
Reduetiont During Tear.
Payment of obligadons as matured, viz.—
Car Trust. Series "A"
$425,000 00
Besseii er
5.11001
2 Dicing Cars,
355 Freight Cars.
1 Steam Shovel,
Total Additions
Woodlawn
26,283 41
34,8 :< 40
1,544 20
49 Locomotives,
teen (14) semi-annual Instalments, last
Instalment due May 1, 1910
$2,478,000 00
UISCELLANEOCS EQUIPMENT OBLIOATIONS
For new equipment purcha»ed during the
year, payable in monthly Instalments,
Unal payment due March 25, 1905, or
earlier at the option of the Company
209,957 12
Equipment Trust,
$46.70120
Real Kstate in Mississippi BOld
Miscellaneous
'
lows
Si
KR
Castleiiian, Ala., Branch— taken up
Real Estate in LoulsviI.e, Kv, sold
Addilioni During tear.
equipment,
<f
1,119,637 02
properties
SODTHKRN RAILWAY COMPANT KQUIPMKNT TRUST SERIK8 D"—
Issued for new eqiilpuie.nt, i<ay able In four-
Equipment Ifust. Series "B"
Equipment Trust, Series "C"
Equipment Tru-t, Series "D"
Miscellaneous Equipment Obligations
9j,4Sj,jS6
& Ohio RR.,
and Knoxvllle & Bristol Ry.
quisltion of Knoxvllle
Tennessee Northern Ry.
$7,021,809 81
by the Balance Sheet (Table
7,790,297 74
there were outstanding
NET INCBBASB DUKIKG TUB YBAR
foruard
On account
Ol)ll«ation8 ainounllug to
On June 30, 1904. as shown
I.)
Vol. Lxxix.
112,52038
21,186 08
15,21240
of
the property
itself.
Knoxville & Bristol Railway.
By deed dated December 81, 1903, the Knoxville & Bristol
Railway Company conveyed to the Southern Railway Comits property, consisting of a railroad from a connection
with the main line at Mornstown, Tenn., to a connection
with the Middlesborough Branch of Southern Railwaj' at
Corryton, Tenn,, a distance of about 40 miles.
New Orleans Terminal Compant.
The consolidation of the New Orleans Belt & Terminal
Company with the New Orleans Terminal Company, referred
to in the Annual Report of 1903, has been effected as proposed. In order to furnish adequate facilities at the Port and
in the City of New Orleftns, La., for the traffic of the Southerci Railwny and Rock Island Railway Systems, the improvement of the extensive and valuable terminal properties owned
by the Terminal Company has been begun. The traffic of the
f^outhern Railway System passes, by agreement, over the line
of the New Orleans & Northeastern Railroad to and from
pany
these terminals.
The Capital Stock of the New Orleans Terminal Company
is §2,000,000, owned entirely and in equal proportions by
Southern Railway Company and
Railroad Company.
St.
Louis
& San
Francisco
21,895 18
7,654 85
32,949 02
Ou .June 30, 1«04, $3,000,000 First Mortgage Four Per Cent
Gold Bonds of the Company had been issued in jiart payment for the properties owned and for improvements there-
27,19547
on.
Under the agreement between Southern Railway Company
and St. Louis & San Francisco Railroad Company for the
joint use of the properties, these bonds are guaranteed, prin$3,483,586 99 cipal and interest, by the two Companies,
304,640
2,454 50
6;!
:
Oct.
THE CHRONICLE.
8, 1904.]
Chahleston Terminal Company.
the property of the East Shore Terminal
Company, consisting of certain terminal tracks, wharves and
warebouses on the water front at Charleston, b. C, was sold
at foreclosure sale, and was purchased and is now vested in
a new proprietary corporation known as Charleston Terminal
Company, the capital stock of which is owned in equal
amounts by Southern Railway Company and Atlantic Coast
Line Railroad Company. This terminal Company has since
acquired additional water front and terminals formerly belonging to the South Carolina Terminal Company.
Okolona-Big Creek Line in Mississippi.
Construction of the Okolona-Big Creek Line in Missis'
sippi was completed during the year from Okolona to a
point in Calhoun County, Mississippi, 29-62 miles, and oper-
On July
Opbratino Expenses and Taxes.
1904.
14, lfl03,
ations began June
1,
1467
1903.
Increase.
$
$
$
Fnr—
Way
Maint.
of
5,745,401 80 Dec.39,044 83
and Structures.. 5,706,356 47
Mainr. of Equip7,262,988 18
6,917,502 43
345,485 75
ment.
Conduotlng Trans17,338,940 99 15,771,438 51 1,567.502 48
portation
1,393,413 72
General Expenses. 1,407,296 35
13,882 f^3
1,18';,83127
1,399,885 13
212,053 86
Taxes
Ot.
0-68
499
9-94
1-00
17 85
Total Operati'g
Expeni^esand
33,115,467 12 31,015,587 23
Taxes
2,099,879 89
6-77
624,957 93
5-50
Net Earns, from
11,994,310 22
Operation
1904.
11.369,352 29
For details of Operating Results reference
Whitney Spub.
Per
is
made
to the
Comptroller's statements.
Under agreement dated May 7, 1904, with the Whitney
INDUSTRIAL DEVELOPMENT.
Company, the Soutnern Railway Company leased the line of
railroad extending from a point of connection with the
The encouraging growth of that portion of the Southern
Norwood Branch of Southern Railway near New London, States traversed by the lines of this Company has continued
N. C, to Halls Mill Ferry, N. C, a distance of 620 miles.
during the past year.
Mississippi River Barge Link.
The records of the Immigration and Industrial DepartSouthern Railway Company discontinued March 1, 1904, ment indicate the following general character and growth of
operation of a fleet of boats on the Mississippi River running the industrial development on and adjacent to the Comfrom Greenville. Miss., to New Orleans, La., known as Mis- pany's lines during the year.
The number of new industrial plants of various classes
sissippi River Barge Line, and disposed of a majority of the
boats to the Monongahela River Consolidated Coal & Coke completed during the year was 544, and the number under
Company, retaining, however, sufficient equipment to con- construction at close of the year was 94. Previously existtinue operation of the coal tipple and harbor trade at Green- ing plants to the number of 206 were materially enlarged
ville, Miss.
The Monongahela River Consolidated Coal & during the year.
There were 19 new textile mills completed and put in operCoke Company undertakes to furnish the necessary transportation for coal traffic between Greenville, Miss., and New ation during the year. These new mills, wHh the additions
made to existing mills, increased the equipment of cotton
Orleans, La.
Percy Branch.
mills located on the lines of this Company by 17,114 looms
During the year the Percy Branch, a narrow-gauge line and 822,298 spindles.
Tht^re was during the year a noticeably healthy growth
extending from Stoneville, Miss., to Percy, Miss., a distance
in smaller manufacturing developments such as Furniture
of 23 '20 miles, was changed to standard gauge.
Factories, Knitting mills, and Brick, Clay. Lumber and
IMPROVEMENTS TO EXISTING LINES AND ADDITIONAL
Wood-working Industries, etc.
TERMINAL FACILITIES.
The accounts of the Company have been examined by
rkduction of Grades and Curvature and Construction of
DouBLK Track.
The work of reducing the grades and curvature and the
construction of an additional or second track on the Washington Division between Alexandria, Va., and Manassas,
Va., a distance of 25*7 miles, reference to which was made
in the report for the last year, has been completed and
placed in operation at an approximate cost of $1,146,000,
Similar work between Manassas, Va., and Orange, Va., a
distance of 52*1 miles, has progressed during the year, on
which there was expended to June 30, 1904, about $1,-
Certified Public Accountants. Messrs. Patterson, Teele &
Dennis, and their certificate is attached hereto.
The acknowledgments of the Board are due to all officers
and employees for the faithful discharge of their duties
during the year.
Respectfully submitted, by order of the Board,
SAMUEL SPENCER,
President,
760,000,
Of the work between Manassas and Orange, that portion
of the line between Nokesville, Va., at'd Culpeper, Va., a
distance of 27'9 miles, was completed, and placed in operation on August 1, 1904.
It is expected that the entire work between Alexandria
and Orange will be completed and the track placed in operation by November 1, 1904.
When this work shall have been completed there will be in
operation a double- track line from Alexandria. Va., to Orange, Va.. a distance of 77-8 miles, with a maximum grade
in the direction of the preponderance of traffic of eighttenths of one per cent and a maximum curvature of four per
cent.
The revision of grades and curvature on the Asheville Division near Plntts, N. C, was completed during the year at a
total cost of $86,035 24.
There was constructed and placed in operation during the
year an additional or second track on the Asheville Division
between Asheville. N. C. and Biltmore, N. C a distance of
2 miles, costing $36,040 76. The addition of this track has
greatly facilitated the movement of trains between Asheville and Biltmore, at which latter point the lines from Salisbury, N. C, and Spartanburg, S. C, to Asheville join.
Yards and Terminals.
During the year the following additions to Yard and Terminal Facilities were completed and placed in operation:
Milts of
Approximate
Loralxon—
Track.
Cost.
Spartanbnri?, S. C
501
$51,643 00
Monroe. Va
.,
iS-ftS
74,765 00
Printeton. Ind
4-13
56,050 00
Additional yards are now under construction at North
,
Birmingham,
and Pomona, N. C, on which expenditures during the year amounted to $89,511 83.
EARNINGS AND EXPENSES.
The Earnings and Expenses for the year ended Juno MO,
1904, as compared with those of substantially the same
properties for the preceding year, were as follows:
Ala.,
Gross Earnings.
1904.
From —
$
PaflFenger
Freight
Mall
Express ..
MlBcellaneons
Total
1903.
$
11,314.045 12 10,814.227
30,032,415 92 28,100,307
1 ,C9.'i,672 93
1,«H9,263
1,246.10'4 75
990,903
821,534 62
790.236
Increase.
Per rt.
9
4-62
49
499.817 63
6-88
75 1,932,108 17
0-3H
88
0,409 05
25-75
."iO
255,'.^0.S 25
39t>
90
31,297 72
Certified Public Accountants.
30 Broad Street, New York.
131 State
301 N. Charles Street, BaltimoreIB E. Broad Street, Colambus. O.
Street, Boston.
Arthur W. Teele, C. P. A.
John Whttmore,
Stuart H. Patterson. G. P. A.
Richard T. LiuKlev, C. P. A.
.John A. Trmpklns. C. P. A., Baltimore.
M. Goodloe, 0. P. A., Columbus.
J. S.
To
the Stockholders
42,384,939 52
2,724,837 82
643
Cable Address. "
DIGNUS."
New York, August 22, 1904.
and Bondholders of the Southern Rail-
way Company
We have made an examination of the books and accounts
of the Southern Railway Company for the fiscal year ending
June
and have verified the Balance Sheet and Inand Loss Accounts published herewith.
The amount charged to Capital Accounts for expenditures
during the year is, in our opinion, proper.
The securities owned have either been produced or we
have obtained certificates from the various Trustees or Deci
80, 1904,
me and
Profit
positories holding the securities.
The valuation of the equipment in the Balance Sheet is
fully borne out by the rolling stock on hand and the provisions made for replacement.
The method of arriving at the valuation placed upon the
mat- rial and supplies on hand has been carefully examined,
and the results reached in former inventories justify the
present valuation.
The amounts due to the Company from the various sources
cited in the Balance Sheet are believed to be collectible,
due provision having been made in the reserves for such as
are of doubtful realization.
Cash has either been counted or certificates obtained from
the Depositori- s.
All known liabilities have been stated, and what has
proved in the past to be a sufficient reserve has been provided for such as have not yet been determined.
The charges against the year's Income for the Maintenance
of Way and Structures and Equipment have been, in our
opinion, sufficient for the upkeep of the capital.
Respectfully submitted.
Pattkkson, Teelk
Gross
Earnings. ...45, 109,777 34
PATTERSON. TEELE & DENNIS,
&
Dknnis,
Certified Public Accountant f.
.
THE CHRONICLE.
14G8
TABLK
JDHR
l.-OOMPARATIVE BALANCE SHEET JUNE
I
30, 1004,
AND JUNE
80, 1003.
AB8KT8.
so, 1003.
Vol. lxxix.
JavK
30, 1904.
COST OF ROAD.
Cost of Southern Railway Properties to Jane
AddUlonu during the year (see page 1466)
$265,604,027 65
$265,694,927 65
Total Cost of Roau June
30,
$268,694,9^7 65
4,168,466 79
1903
SO, 1904.
$270,183,894 44
COST OF EQUIPMENT.
Cost of Southern Railway Equipment to Jane 30, 1903
15,612,346
$15,012,346 15
1,470,487 88
683,955 00
<'oHt of Kquipiiicnt chartfcd it Capital durlni; the year..
Trust Equipuieut received with Purchased Properties...
683.«»55
16,296,30115
Total Cost of Equipment June
30,
1904
17,766,789 03
L^ASKHOLu Estates:
Road
$20,627,502
1.521,937
$29,627,622 31
1,521,877 69
i^qulpment
31,149,500 00
7,021,809 81
$320,162,538 61
Total Leabbhold Estates (Per Contra).
31,149,500 00
Soathern Railway Trust Equipment {Per Contra).
7,'"90
Total Cost of Road, Equipment and Leasehold Estates.
297 74
$326,b89,981 21
COST OF SECURITIES PLEDGED OR HELD FOR CONTROL.
Pledged under First Consolidated Mortcage (See Tablo 7)
$13,265,729 51
Pledged under Divisional aud Collateral Trust Mortgages, and North
Carolina Railroad Leas»^ and other Indentures (Tal)le 8)
38,364,099 36
Pledged to secure -lou hern Railway Certifloates of Indebtedness and
Southern Ral way CoUat' ral Trust 4% 2 5 Year Bonds
Securities in Treasury unpledged, held for control or as muniments of
title
885,511 92
$13,696,233
19,705,673
17,599,146
3,338,286
54,339,339 47
$374,601,878 08
62,515,340 79
Cost of Road. Eqiupmbnt and Becueities Held as Stated
Matrrial and Supplies on Hand
(See Table 20,
$379,405,322 00
page 41, of Pamphlet
Report)
2,496,144
$2,603,.599 41
Rails and Fixtubes Leased
1/5,704
214,338 67
2,817,938 08
2,671,849 03
$377,1"3,727
1,035,862
434.978
349,258
106.613
U
26
-9
26
33
5,23176
275,000 00
66,178 36
133,098 57
TOTA.L CAPITAL ASSETS.
Miscellaneous Shcurities Owned -In Treasury unpledged
Bills R^ceivablb deferred, but secured
Advancks to Sibsidiary Companies
Income Accrued, Not Due
Insukanck Paid, Not Accrued
$3&2,223.2b0 08
547,815 17
304,723 30
528,.<:30 68
10B,'<13 33
9,046 06
288.06* 15
67,223 16
212,812 43
Insuhanck Fund
Sinking Fonds— Uninvested Balances In hands of Trastees..
Sundry Accounts
CURRENT
ASgETS.
Miscellaneous Current Securities
—
Cash in hands of Treasurer. Banks and Financial Agents.
Cash In Transit from Agenci>s
$2,413,000
2,934,818
937,704
98*, 893
419,102
776.221
642,016
183,107
Due
Due
Due
Due
from Agents and Conductors
from United States Post Office Department
from Other Transportation Companies
from Individuals and Companies
Bills Receivable— Current
$4,077,000 00
3,326,614 90
9« O.-'SOl ^"0
1,061.289
4'i 3.334
1,0>4,114
542,587
,
..
07
52
36
g6
186,570 12
9,254.864 93
11,562,102 73
$388,834,817 06
$395,850,120 09
Junk
LIABILITIES.
JtJNE 30, 1903.
CAPITAL 8T0CKCommon
$120,000,000 00
60,000,000 00
:$120,000,OPO CO
60,000,000 00
Preferred
$180,000,000 CO
30, 1904.
|
Total
$'80,000,000 00
SOUTHERN RY. MOBILE & OHIO STOCK TRUST CERTIFICATES
138,870,321 00 FUNDED DEBT (See Table 5)
31,149,500 00 OUTSTANDING SECURITIES OF LEASEHOLD ESTATES (Per contra).
E(iUIPMENT OBLIGATIONS—
Southern Railway Car Trust, Series A
5,632,600 00
4,932,600 00
$1,912,000 00
1,870,000 00
2,977,000 00
Southern Railway Equipment Trust, Series B.
Southern Railway Equipment Trust, Series C.
Southern Railway Equipment Trust, Series D.
Miscellaneous Equipment Contracts
262,809 81
152,434,100 00
31,149,500 00
$1,487,000 00
1 ,530,000 00
00
2,519
2,124,(00(0
130,297 74
7,790,297 74
(Per contra.)
7,021,809
CERTIFICATES OF INDEBTEDNESS
8,800,000
UNMATURED BALANCE OF PURCHASE PRICE OF NORTHEASTERN
107,000 00
<
RAILROAD OF GEORGIA
107.000 00
UNMATURED BALANCE ON REAL ESTATE
14,021 46 UNMATURED BALANCE ON HARTWELL, IND,. BRANCH.
$370,970,252 27 TOTAL CAPITAL, FUNDED AND LIEN LIABILITIES
42,375 00
75,000 00
(
13,319 60
$377,169,192 34
Reserves—
$263,101
241,178
274 201
679,59«
For Maintenance of Way
For Maintenance of Equipment.
For Insurance Fund.
65
21
31
82
Miscellaneous
$94,202
437,342
288,063
782,530
,
13
05
15
19
1,603,137 52
1,458,087 99
109,810 49
965,909 34
570.213 65
129,330 55 Sundry Accounts
847,617 33 intkrkst and rentals accrued, not dub
493,141 03 Taxes Accrukd, Not Due
Reserve for Dividends Nos. 12 and 14,2*2 percent on Preferred Stock,
1,500,000 00 payable lu October, 1903 and 1904, respectively
,.
1,100,000 00
CURRENT
LIABILITIES.
Interest and Rentals Due and Unpaid, Including amount du£ July
$2,299,999
Audlied Vouchers
Matfiial and Supplies in transit, not vouohered
Unpaid Wages, inoiUdIng June Pay Rolls
Freiiiht Claiui Authorities Outstanding
Due Other Transportation Companies
2,441 ,95«
319,697
l,0O4,5t<5
93,.'>2.'i
722,089
9i,»71
Due Individuals aud Companies
7,473,826 32
5.962,561 57
$388,834,817 06
PROFIT AND LOSS
(see
Table
4)
1.
$2,389,631 25
2,392.367 90
2f-5.37H
St'
1,589.472
102.068
79 1.372
216,666
5-
57
41
84
7,769,95« 38
«, 162,(^98
37
$395,850,120 09
Oct.
8,
THE CHRONICLE
1904.]
TABLE
2.—INCOME ACCOUNT FOR YEA.R
ENDED JUNE
30, 1904,
1469
COMPARED WITH YEAR ENDED JUNE
30, 1903.
1904.
1903.
GROSS EARNINGS.
Passenger
Freight
Mail
$10,804,541 51
28.0S1.034 02
1,688,117 78
990,57=. 61
789,790 84
$11,314,045 12
30,032,415 92
l,69f>,672 93
1,V46,1' 8 75
821.534 62
Express.
Miaoellaneous
$45,109,777 34
$42,354,059 76
OPERATING EXPENSES AND TAXES.
Maintenance of Way and btructiires
Maintenance of Equipment
Conducting Transportation
General Expenses
Taxes
$5,733,997 02
6,91 -.8^3 22
15,759 9^2 70
1,391,088 17
l,187,ii58 77
$5,706,356 47
7,262,l>88 18
,
17,33^,940 99
1,4 07 296 3."^
1,399,885 13
.,
,
33,115,467 12
30,989.139 88
Net Earnings prom Operation
$11,364,919 88
$11,994,310 22
.
INCOME FROM INVESTMENTS.
Interest on liarleston Tt-rmlnal Company Bonds
Interest on St Johns River Ternoinal Company Bonds
Interest on Chesapi^ake Steamship Co. Oertltioates of Indebtedness
Dividends on Chicago Indianapolis & Louisville Ry. Slock
Dividend on Mobile & Ohio Railroad Company Stock
Interest on Lancaster <fe ('heater Railway Company Bonds
Interest on Roswell Railroad Company Bo ds
Dividends on Alabama Great Southern Kallwav Company, Ltd., Stock. .
Interest and Dividends on Georgia Southern & Florida Railway Company
$10,000
40,000
18,192
199,929
112,652
'
$40,000
9,096
197,857
98,652
6,750
3 200
158,039
101,245
133,144
5,100
58,020
2.000
5,000
14,280
3 2,600
319,026
17,960
29,2h9
00
00
7.-.
OO
00
00
37
26
00
6,750 00
6,750 00
143,660 49
>
Bonds and Stock
00
59
00
00
00
00
00
00
66
77
Interest and Dividends on Sundry Bends and Stock
Interest on United States Government Bonds
Interest on Northern Alabama Railway Company Bonds
Interest and Dividends on Hartwell Railway Company Bonds and Stock..
Interest and Dividends on Bine Ridee Railway Co. Bonds and Stock
Interest on Kentuoliy & Indiana Bridge & Railroad Company Bonds
Dlvid-^nds on Old Domlnl< n steamship Company Stock
Interest on Mobile & Ohio Railroad Company General Mortgage Bonds ...
Income from Shepherd's Ferry, Alexandria, Va
18
Net Income from Compresses and Other Property
Total,
$1,211,261 62
101,645 00
203,192 3f
4,935 00
68,1.''0
2,000
11,000
14,413
12,600
320,140
21,470
97,701
tlflcates
Miscellaneous Interest and Commissions
Other Miscellaneous Deductio us
Stock Trust Cer
$215.037 34
34,155 60
<
7,569 79
Total
$287,663 54
256,762 73
Net Income from Investments and Other Sources.
923,597 78
1,13£!,418
Total Available Income,..^
$12,288,517 66
8,446,040 60
00
00
00
34
00
00
10
47
$1,395,181 01
MISCELLANEOUS DEDUCTIONS FROM INCOME.
Dividends accrued on Southern Railway Mobile & Ohio
160,309 50
121,609 41
5,744 63
00
00
00
$13,132,728 50
FIXED CHARGES. INCLUDING RENTALS
8,952,328 58
(See Table 3)
Surplus Income Over Oharoes
$3,842,477 06
28
f 4,180,399 92
FROM WHICH DEDUCT.
Dlvidenls Nos. 11 {.2'^%) and 13 (2»«%> on Preferred Stock.
Dividend No 12 (2^%) and Reserve for Dividend No. 14 (2ia%) on Preferred Stock, payable in October, 1903 and 1904
$1,500,000 00
1,500,000 00
3,000,000 00
SURPLUS OVER DIVIDENDS
$842,477 06
$1,180,399 92
Improvements and Betterments not to be
Special Appropriations for
Capitalized
135,000 00
TABLE
773,806 38
BALANCE CARRIED TO CREDIT OF PROFIT AND LOSS FOR THE YEAR
3.—STATEMENT OF INTEREST
AND RENTALS FOR YEAR ENDED JUNE
YEAR ENDED JUNE 30, 1903.
Period.
1904.
12 months
6
Co. Ist Cons. Mtge..
<fe
0>iio C' Uateral vltge
Collateral Trust 2% Year Bonds
Oollate'al Trust 5-Year Gold Bonrls
N. Southern, Monon Collateral Joint Bonds.
L.
A
Certifloates of Indebtedness
Car Trust, Series "A"
Equipment Trust, Series "B"
12 months
12
12
12
12
9
3
12
30, 1904,
Oulatniuiing,
June 30, 1904.
"C"
AtL Tenn. & Ohio Ist Mtge
Alabama Centriil Ist Mtge
Atlantic & Yadkin 1st Mtge
Char. Columbia & Aug. Ist Mtge. Ext
12
12
12
12
12
12
12
i
12 months
12
12
12
12
12
COMPARED WITH
Rate
Per
Ot.
i9oa
1904.
12 months
12
"
12
"
12
"
12
12
12 months
00
00
$1,763,750 00
1,933 000 00
2 000 000 00
12 months
12
"
7
12 months
12
12
12
12
12
12
12
12
7
12
12
12
12
12
12
$1,780,458 33
76,406 04
48,611 11
$35,27.'^ ,000
4 "'.000
$39,255,00" 00
4,500,000
5,183,000 00
150,00(100
11,250,000 00
8,011,000 00
15 000 00' '"do
5,913,500 00
1,175 00
5
4>«
4
4
4
4
5
4
4-5
12 months
12
12
12
12
12
"D"
•'
2d
Columbia A Greenville 1st Mtge
EastTenn. V». & Oa. 1st Mtge
Cons."
Georgia Pacific 1st Mtge
Eq. S. F. Mtge
Knoxvllle A Ohio ist Mtge
Blohmond A DanvlllQ 1st Cons Mort.
Debenture "
Eq. S. F
Eloh. York River <& Ches. IstMtge
2d "
12 months
mouthH
9 m. 17 d.
5'm. 25 d
EastTenn. Reorganization Mtge
Memphis Division lat Mtge
Aiken Branch Ist Mtge
St. Louis Division Ist Mtge
Mobile
1903.
$406,593 54
Amount Charged.
Amount
GLASS.
Soafhem Ry.
1,500,000 00
Total Dividends
3,000,000 00
$707,477 06
$1,500,000 00
1,487 000 00
1,.'30 Oi'OOO
2,5 9 000 00
2,124 0(»0 00
4
4
4
150 ,000 00
6
6
4
5
7
6
5
1,000 OOO 00
1,500 000 00
1,33.J .500
00
500, OOOOO
2.000, OO (0
'
3,106 000 00
12,770, 00 00
'
6,66u, 000 01
4
3,:^»<8,oooo<i
253,000 00
4"0.000 00
800,000 Oil
233 .235 00
6
OOOOO
450 ,000 00
320 14000
120,000 t)0
187 ,500 00
42
66
67
236 54 6
370 ,<i66
69 ,406
69 000
00
111 ,987 89
60 8,^1 03
9 000 00
S
60 000 00
60 000 00
67 H'lOOO
3^, 000 00
120 000 00
l.'-5, 300 00
63H, 500 00
6
339,
5
2.000.000 00
6,997,0"0 00
$1,889 942 15
225 ,000 00
R
6
5
5
5
419
dOOOO
120.000 00
3.'V9,''20 00
168.400 00
14.7K5 19
20.000 00
22,500 00
$1,750,458 33
22.^.000 00
230.947 50
6.000 00
450.000 00
319,026 66
160,000 00
24
233,036
232,511
86,40H
79,944
82,633
66
45
97
9,000
60,000
60.000
71 900
35,000
00
00
00
00
00
120,'
11
0>00
IS-'S-IOOOO
e3>l,500 00
339,60'»
<
458 33
00 00
3!i9.«20 00
168.400 00
20.>«56 39
20.000 00
22.500 00
120.(
—
.
.
1470
.
1
TJIK CJIRONICLE.
TABLK
AND RENTALS FOR YEAR ENDED JUNE
WITH YEAR ENDED JUNE 30, 1903.
3.— Oowc/w</«/. -STATEMENT OF INTEREST
Period.
1904.
Broil nhl forxoard
Virginia Midland Serial Mtge., Series
_
A
E
F.
Oeneral Mortgage
. .
Western Nortli Carolina 1 at Cons. Mtge
Wash. Ohio & West. Ist Mtge
Mtge., Pref
istMtge
Income Mtge., Extended
Stock
Organization
Atlantic & Danville Ry. Rental
Atlantic Coast Line RR. Trackage
Athene Belt Line Rental
Blaokville Alston A Newberry IstMtge
Charluttesville <fe Rapidan RR. Rental
Charleston & Savauiiau Ry. Trackage
Georgia Midland Ist Mtt^e
Exp
Mobile & Birminghaui RR. Rental
North Carolina RR. Rental
Rlclimond & Mecklenburg RR. Rental
South Carolina & Georgia Ist Mtge
Union & Col. Ist Mtge
Sumrer * Wateree River Ist Mtge
.
Wil. <fe W^l. RR. and Norfolk & Carolina RR.—Trackage
and Real Estate Rental
Spart.
600, 000
12
1/
12
12
Vi
12
D.
„
,
pfTa,
'"^ ^^'
$6 530,1131 01
3tf,0. O 00
\-Z
);<:
12
12
12
12
12
12
12
12
12
12
12
(»<)0
114,00000
66 000 00
47,.'j00 00
»;8,'00 0O
00
1^50, (H)l>(>()
1,774 ()(KJ OO
1.310 000 00
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
00
1,»00, OOOdO
1,100
65,500
000 00
242.9.^0
2,531 OOO uo
1,025 (100
1.'>1,H60
00
OO
00
1.700 .000 00
20,000
297,000
30,000
11 9.000
4,000
157,000
72.K74
1,050
570
16,900
4,8.'>9
500, 000
4,2.50 000
750, 000
9,500 00
6
9.7dH
1,650,000 00
3
49 r 00
114,000
286.000
12,600
5,250,000 00
1,000,000 00
100,000 00
12
Balanceat
ADD
credit of Profit
.
00
00
41.0i>i.00
5
262..^00
00
00
00
00
00
00
>-2
00
00
00
69
00
00
00
00
00
00
40,000
5,000 00.
5
$6,007, too 64
00
00
00
00
33
65,.' 00 00
242,950 00
36.000
114,000
en.ooo
47,500
88,708
151.>-60"0
41.000 00
20,000 00
297,500 00
30,000 00
119.000 00
4.000 00
157,000 00
72,959 71
1,0-0 00
570
(lO
35,300
8,543
49,^00
114,000
28b,000
12.600
282.500
40,000
5,000
00
12
00
00
00
00
00
00
00
70,524 06
69,799 80
$8,952.328 59
12
$9,446,040 60
12
Total (seelnoome Account, Table 2)
TABLE
COMPARED
!
.
12
12
12
12
B.
C.
& Charlotte Air Line Ist
_.
1903.
30, 190«,
Amount Charged.
A mo III
(hiuiaiuihia,
June 30, I'JOi.
CLAS8.
Atlanta
[Vol. LJLiix.
4.-PROFIT AND LOSS ACCOUNT FOR YEAR ENDED JUNE
30,
1904.
$5,962,561 57
and Lobs Account June 30,1903
-
406,593 54
Credit Balance of Income Account for year ended June 30, 1904
$6,369,155 11
Deduct—
Net
loss on sale of Miscellaneous Securities
Loss on construction of Castleinan Branch— taken up
Pranhlin & Pittsylvania Railroad First Mortgage Bonds retired under provisions of the Mortgage.
Miscellaneous accounts written oflf
$84,032 50
16,779 05
29,'><
00
76,445 19
206,256 74
$6.16?.898 37
Credit Balance June 30, 1904, carried forward.
TABLE
6.— FUNDED DEBT JUNE
30,
1904,
COMPARED WITH JUNE
30,
1903.
Amount
Interest.
CLASS OF BOlfDS.
Due,
Southern Ry.—
Ist Consolidated Mortgage Bonds
1st Consolidated Mort. Bonds, Series " 8" (owned by Southern By.
East Tennessee Reorganization Mortgage Bonds
Co.).
Division ist, M rttiage Bonds
Division 2d Mortgage Bonds (owned by Southern Ry. Co.)
Aiken Branch Ist Mortgage Be ds
St. Louis Division 1st Mortgage Bonds
Mobile & Ohio Collateral Bonds
CdUateral Trust 2-'>-Year Bonds
Collateral Trust 5 Year Botids
Louisville & Nashville-Southern, Monon Collateral Joint Bonds Total outstanding June 30, 1904, $11,827,000. Southern By. Co.'s
proportion, one half, or
Atlantic Tennessee * Ohio BB.—
1st Mortgage Bonds
Memphis
Memphis
Bate
Per Cent. June 30, 1904.
&
July
Jan.
July
Jan.
Mar. <& Sept.
Jan. <& July
Apr. <& Oct.
Jan. & July
July
Jan.
1994
1994
1938
1996
1996
1998
1951
1938
1906
19u9
5
4
&
&
Mar. &
June &
Apr.
*$40,98l,oro
2.001.000
5
4, f. 00,0001
412-5
:5,2>J3.000
1.500.0001
5
Sept
Deo.
& Oct
5
1903
t$38,736,000
2,001.000
4,500 000
;5,vw3,000
1,500,000
0.000
150 000
§11,7.50,000
511,7^0 000
7.996 000
4,000,000
4
4
4
4
•^«*«« 3^,
l.'^
8,011,000
""
i5Voo6',oo6
&
July
5,913,500
5,894,321
&
Oct
150,000
ItO.OOO
Jan.
&
July
1,000,000
1,000,000
Apr.
<&
Oct
1,500,000
1,500,000
1909
1910
Jan.
Apr.
&
&
July
1,333.^00
500,000
l,40-,.500
Oct
1916
Jan.
2,000,000
2,000,000
Jan.
&
&
July
1930
1958
Yadkin Ry.—
Mortgage Bonds
Charlotte Columbia & Augusta RR.
1st Moitgage Bonds, Extended...
2d Mortgage Bonds
Columbia & Green*ille BR.—
Ist Mortgage Bon '8
East Tennessee Virginia & Georgia By.—
Ist Mortgage Bonds
Consolidated Mortgage Bonds
Georgia Pacidc Ry.—
1st Mortgage Bonds
KnoxvlUe & Ohio RR.—
1st Mortgaue Bonds
1st Consolidated Mortgage Bond (owned by Southern By. Co.)
Blchiuond & 'anville RR —
Consolidated Mortgage Bonds
Debenture Mortgnge Bonds
Equipment Sinking Fund Mortgage Bonds
Richmond York River & Chesapeake RR.—
Ist Mortgage Botids.
2d Mortk'aife Biwids
Virginia Midland Ry.—
Serial Mortgage Bonds, Series A
Jan.
Apr.
1949
Ist Mortgage Bonds
1952
1913
1918
Alabama Central RR.—
Atlantic
Outstanding.
Principal
Due.
July
Nov.
3,106.000
12,770,000
3.106.000
12,770,000
<fe
Ist
May
1922
Jan.
1925
1953
Jan.
Jan.
1915
Jan.
&
&
6,660,000
July
A
&
July
July
&
500,000
July
6
4
5,660,000
2,000.000
500,000
2,000.000
6.997.000
3,368.000
3o3,000
5,997,000
3,368,000
376,000
400.000
600,000
400.000
600,000
600,000
1,9(X>000
1.100.000
9S0,000
1,774.000
1.310 000
I
4f
4<
,1
I,
Apr.
1927
Var. Dates Mar.
1910
1910
C.
General Mortgage Bonds
&
Raiiidan
6
5
&
July
5
4>s
&
&
A
&
&
&
May
Jan. &
Jan. &
Fob. &
Sept
Sept
Sept
Sept
Hept
Sept
6
6
6
{Jan.
May & Nov.
t
1906
1911
191H
1921
1926
1931
1936
1913
-D
D.
B.
P.
Charlottesville
()
& Oct
& Sept
RR. Ist Mortgage Bonds.
Western North Carolina RR.—
1st Con 'OlM a ted Mortgage Bonds
Washington Ohio
Western KB.Ist Mortgage Bonds
1914
<fe
1924
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
iS:
6
6
*
Including $1,176,000 owned by the Company.
t Including
^ Including $500,000 owned by the Company.
2,531,000
2,531.000
5
5
5
5
Nov.
July
July
4,8.59,000
I
Aug.
4
.*?:{,
188,000
owned by the Company.
1,025,000
1,025,000
$152,434,100
Total as per Balance Sheet
Company.
258,100
600,000
1,900.000
1,100.000
9 0,000
1.7'4.000
1,310,000
4,859,000
277,500
$138,870,321
Including $100,000 owned by the
—
.
.
—
THE CHRONICLE.
Oct.
8,
1904.]
Table
6.-
-OUT8TANDING SECURITIES OP LEASEHOLD
Tiroii ghf
ESTATES.
Jnlerest.
Priti-
A.mount Outstanding
C'pal
Due. Due. Bate. June 30,
P. 01.
1904.
Atlanta & Cbarl'tte AlrL.Ry.:
1907
1st Mo' tgaxe Pref Bonds.
1907
IstMortKayre Bonds
Income Mort. Bonds, Ext.. iao7
Stock
.
June 30,
1903.
$
A&O
J&J
A&O
M&S
$
500,000
4
500.000
1471
forward
$10,624,27^ 00
Railroad Stocks—
Alabama Great Southern Ry. Co., Limited.. Class "A"
"
"
..Class "BAtlantic & Yadkin By. Co
High Point R. A. & 80 RR. Co
Common
Mobile & Birmingham RK. Co
"
*•
Preferred
North Carolina Midland RR. Co
OreBeltRR. Co
Ry
7
4
7
4,2r.0,0
4,2.50,000
Southern
750,000
1,700,000
750,000
1,700,000
$1,725,000 oo
00
4,540
9^'!^,300
998 20000
462,750 00
Kentucky
YadkinRK. Co
Co. in
$10 656,300 00
TotalStocks
& Danville Ry.:
Atlantic
Mortgage Bonds
1948
J&J
4
3,925,000
3,925,000
Oeorgla Midland Ry.:
1 St Mortgai?e Bonds
1946
A&O
3
1,650,000
1,650,000
1945 J&J
1945 J & J
5
600,000
1,200,000
900,000
600,000
1,200,000
4,000,000
4,000,000
315,000
315,000
00
212,-^0000
880,400 00
20,500 00
78 ,60^00
30,000 00
1st
JVIobile
& Birmlnsham
Chesapeake Steamship Co. Capital Stock
"
Mortgage Bonds
4
4
North Carolina RR.:
Stock
J&J
.
Blohm'd & Mecklenb'gRR.:
Ist Mortgage Bonds
1948
Ry —Carolina
$650,00i>00
.....
M&N
4
Total Bonds, Stocks and Other Securities
900,000
$21,930,575 00
$13,265,729 51
Div.:
Ry.— arollna Div. 1952
'
Mortgage Bonds, South
Carolina & Georgia KR.
Ist MortsraKe Bonds, 8 art
Ist
1919
J&J
M&N
4
5,000,000
5,000,000
5
5,250,000
5,250,000
4
1,000,000
1,000,000
5
100,000
100,000
9,500
9,500
Union &Columliia]RR... 1995 J &J
IstMortgage Bonds fumter
& Wateree River RR
1919 A&O
Ist Mortgage Bonds, Black
vllle Alston & Newb. RK. 1908 F&A
6
Total as per Balance Sheet
31,149,500 31,149,500
Table 7.— STATEMENT OF SECURITIES OWNED BY SOUTHERN RAILWAY CO.. AND BY IT PLEDCJED UNDER
ITS FIRST C0^80HDATED MORTGAGE,
AS OF JUNE 30, 1904.
Name of Security—
June 30, 1904.
Railroad BondsAlabama Central RR. Co
Danville & Western Ry Co
Elberton Air Line RR. Co
High Point R. A. & So. R B. Co
Knoxvllle& Ohio Ra. Co
North Carolina Midland RR. Co
Par
Income Bonds
$1,355,275 00
1,051,000 00
5%
Ist Mtge.
Value.
l8tMtge.79&
1 st Mtge. 6%
402.000
500 000
801,000
500,000
2d Mtge.
50i),ono
Con Mtg^. 4%
6%
<%
6%
Ist Mtge 5%
IstMcge 5%
Ist Mtg<». 6%
1st Mtge. i%
IstMtge. 6%
Piedmont RR. Co
Piedmont RR. Co
Southern Ry. Co in Kentucky
Southern Ry. Co. in Mississippi.
Western North Carolina BR Co
Washington Ohio & Western RR. Co
Yadkin RR. Co
3,000,000
200()00
1,325,000
225,000
00
00
00
00
00
o
00
00
June 30, 1904.
Par Value.
Name of SecurityUnder Southern Railway Memphis Division
First
and
Second MortgaKes —
Memphis & Charleston Ry. Co Ist Mort. 6% Bonds.
ShetBeld Machine Works First Mortgaee 6% Bonds.
Under Southern Ry. St. Louis Div. FirPt Mortgage Southern Ry. Co. of Indiana First Mort. 5% Bonds.
"
"
"
Stock
Under Southern Ry. Mobile & Ohio Collateral Trust
Indenture
Mobile & Ohio RR. Co. General Mortgage 4% Bonds
To Secure Southern Ry. Mobile & Ohio Stock Trust
f
$900,000 00
75,oOO 00
5,000,000 00
999,b0000
8,011,000 00
fti*ti'fif*flitf*ft~~*
Mobile
Undwr
& Ohio R.allroad Co. Stock
& Nashville-Southern, Monon Collat-
5,632,600 00
Louisville
eral Trust
Indenture—
Chicago Indianapolis & Louisville Ry. Co. (Monon)
Prt'ferred Stock. Southern Ry. Co's proportion
onehalfof $3,873,400
ChiCMgo inilanapoUs & Louisville Ry. Co. (Monon)
Common Stock, Southern Ry. Co's proportion—
150,00000
00
Ist Mtae.
Ist Mtge
Ist
OWNED BY SOUTHERN
COMPANY AND BY IT PLEDGED UNDER ITS
DIVISIONAL AND COLLATERAL TRUST
MORTGAGES, AND NORTH CAROLINA RAILROAD LEA8E AS
OP JUNE 30, 1904.
Table 8.— STATEMENT OF SECURITIES
RY.
South.
00
260,000 00
Book Valuation, as per Balance Sheet
J&D
Preferred stock
Southern
$400,'" 00
Certificates of Indebtedness
'•
'•
Total Other Secarities
RR.:
Prior Lien Bonds
Ist
Other Securities —
one-half or *9.7v'e,900.
4,898.450 00
To Secure Southern Ry. Flve-Year Five Per Cent
lateral Trust
1.936,700 00
Col-
Bonds—
Misoellaneou* Securities
26,010,200 00
Under Norch Carolina Railroad Lease
United States 4% Bonds
615,00000
135,000 00
FIFTY-THIRD
& NASHVILLE RAILROAD COMPANY.
ANNUAL REPORT—FOR THE FISCAL YEAR ENDING JUNE
the Stockholders of the Louisville
Company
&
Nashville Railroad
:
The Board of Directors of the Louisville & Nashville Railroad Company respectfully submits the followiDg report for
the fiscal year ending June 30, 1904:
LENGTH OF ROADS JUNE
Owned and Operated.
(D— Lines Owned
(2)- Links Operated but not Owned—
I.— Links
Length in
Mites.
v
Owned by this Company, but
Operated by other Companiks.
Padncah & Memphis Division (leased to N.
O.
c
on cost of Road) .254-20
to South
this
Company
under t ;iokage arrangements, dt ducted
here to avoid duplication of mileage
&
5 46
/
248-74
Princeton
Branch— Gracey, Ky
to Princeton, Ky (leased to Ohio Valley Ky.
Co. at $12,039 70 per annum)
20-70
269-44
&N. System
above
is
6,133-15
223 05
of
for as follows:
I.— Lines Owned
(1)— Lines Owned.
Net Increase
(2;
shown
was
Showing an Increase during the year
3,67902
interested us
6,35620
Accounted
41 "22
II.— Lines Operated riNDER their Separate
ORGANIZATIONS in WHICH THE U & N. RAILROAD OWNS A Majority of the Capital
Stock, or is iNTEHESThn as Joint Owner
OR Lksske.
Nashvil'e Chattanooga & St. Louis Ry. (a mt^orlty
of the ("aplt-1 Stock owned)
Birmingham Snur.liern Railroad (one-half of the
Capital Stock owned)
Central Transfer Ky. A Storage Co
Louisville
<one-hair of the Ciipltal Stock owned)
Georgia Railroad and Dependencies (Interested as
Joint LfBsee)
Atlanta Knoxvllle & Northern Ry. (all of the capital Stock owned)
Cblcatro Indianauo'iw & Louisville Ry. (a ma.jorlty
of the Capital Stock owned .jointly with the
Company
is
Total Mileage on June 30, 1903,
3,637*80
Railroad Earnings
6,356-20
Total Mileage in which this
Total Lines Operated
and Operated.
8608
-Lines Operated but not Owned.
Net Increase
Total Increase Louisville
112-74
& Nashville
198'82
System
(3)— Lines Opkrated, Earnings not Included inL.
& N Earnings.
Net Deoreuse
947-05
11-10
187-72
26-37
II.— Links Operated
OAH1/ATION8.
Increases
.
Soothem By
8t L. Ry. at 5 p
M-mphls, Tenn.. used by
Total mileage
<3)- Lines Operated, Earninos not Inoluobd in
& N.
&
Less— Mileage, Anion. Tenn.,
32210
L.
1904.
3,318-70
.
Total L.
30,
III.— Lines
Cliirksville
30, 1904.
Operated for account of owners. .192'57
Operated under trackage arrangements
129-53
(a)
(b)
$38,364,099 36
$10,624,275 00
LOUISVILLE
To
$53,598,250 00
Book Valuation, as per Balance Sheet
Total Bonds
Total Bonds and Stocks
-67
61100
Under Separate Or4079
228-81
228-14
III.— Lines
Owned, not Operated.
Decrease
5-46
591-51
2,407-71
Netlncre:i«e
223-05
—
-
THE CHRONICLE.
1172
CAPITAL STOCK.
There has been no change
Htock this year; the
amount is $(iO,000,000. The amount per mile of line owned,
including lines owned but leased to other Companies, is
in Capital
Jlr ought forward
9jJ,JtS.ooo
Held for H. W. Sinlthers, W. F. 'Whltebouse and
Noble C. Butler, Tiustees South East & St.
BONDED DEBT JUNE
30, 1P03, total iBsue
Total thereof outstanding In hands of publto
19 3
Bonds
June
30,
Bonds rssuED ddrino ybar ending Junk
30,
June
total
30,
$9,156,179
GENERAL RESULTS.
for the year, as given in detail in
are thus summarized:
Credits to Income From Traffic (Net Earnings)
$11,802,244 46
From Rents.
669.347 07
98i',«29 30
From Investments
From Interest
85,177 81
$13,437,398 64
Charges Against Income—
Intereston Bonded Debt
$5,347,296 68
Rent and Taxes
1,187,631 25
SinkingPunds
146,600 00
South & North Alabama RR. (Surplus
Earnings)
67,699 53
6,749,227 46
Table No.
Ky
LK8S-
$39,000
liability,
one half
19,500
19,500
Five-twenty
Collateral
Trust 4% Gold, issue
of 1903
4,200,000
Total Bonds Issued
$9,161,500
Bonds Assumed—
M')rtKaiie
Newport & Cincinnati Bridge
The growth
1,400,000
Aver.
rears.
Gross
Oroas
2,000
4,000
$17,646,500
Deduct Bonds Redeemed during teab
ENDING June 30, I90i—
For Sinking Funds-
& Nashville
MortgageGold
Called for Red mptlon—
Five twenty Collateral Trust 4%
1902 03. :^43SH3
$57,000
320,000
65,000
69,000
Gold, Issue ofl 898
517,000
$64a
Less
Southern Ry. Co.'s proportion
of liability, one-half
$321
321
Redeemed
1,028,321
Net Increase from last year.
30. 1904, total issue
$147,328,500
From whk h Deduct—
Treasury-
of road
4% Gold
First
East Bernstadt, Ky
Henderson, Ky
East St. Louis, III.
Howell, Ind
RR
429,000
<fe
Mortgage
Memphis
Secondtrack
Ralls -Value of the
356,000
3e,00J
new
Dlv.
Mortgage
160,000
$2,676,000
Bonds deposited with Tnlted States Trust Co.
&
lor
Wharf
N.
Mortgage6%
500,000
23,319,000
Central Trust Co.,
Trustee, as collateral for Unified Fiftyyear 4% BondsAlabama Mineral RR. First Mortgage4%
3,150,000
Bonds deposited with Farmers' Loan <& Trust
Co as collateral for .5% Trust (^old Ponds—
Birmingham Mineral Rn. First Mort. 5%
3,929,000
Bonds held by J. P. Morgan & Co. account of
L. A N. RR. and Southern Ry.—
L. <te N.-Southern, Monon Collateral 4% Joint
Bonds, 86,000.
This Company's share one-half
43,000
Bonds held bv Central Trust Co. Trustee, L.
& N vnd & M. Ry. 4^% Bonds
Kentucky Central Ry. First Mortgage 4%
3,000
Bonds deposited with August Belmont <& Co.,
Trustee, as collateral 'o secure payment
,
of Cecilia
Branch Bonds
4% Gold
Unified Fiftyjear
Wharf,
6,12546
7,779 18
2,360 63
8,795 21
Culverts and drains
Retaining walls
with
M
2,31520
97
15V!,0dl
improvements- Central
Electric lights in shops
4% Gold
Bonds deposited
outs.
PennacolH, Fla
Padncah * Memphis Dlv.
First Mortgage
4,619,000
Pensacola <& Atlantic RR. First
L.
Main Stem— First Division— Derail
at Salt
River
Knoxville Division— Hal'^ey Branch, Jellico Bird-Eye 4 Northern Ry
Middleshorough KR.— Reconstruction of
Stony Fotk Branch
Biruilni2haiu Selma & New Orleans Ry.—
Expenditures on account of completion
of road
Cincinnati Division- Freight station and
facilities. Front anl Butler Sts., Cincinnati,
06
38
35
44
83
70
41
152,784 52
12,033 84
9,894 31
.-
Embankments and widening
Bridges
4% Gold
25.352
3,146
7,383
5,948
1?,644
39.870
80,453
diflference In weight of
steel rails laid replacing rails of
lighterweight
Telegraph linos
Filling trestles
Five-twenty Collateral
Bonds, issue of 1903Unlfled Fifty year4% Gold
$18,200,000
as collate al
Trust
3,57449
line
-.
Improvements— South Nashville, Tonn...
.
&
N. Pttduca'i
$325,296 67
106,198 92
176,485 32
3,038 54
15,064 10
Sidings
Ballast
Buildings
Interlocking arrangement
Real estate
Wire fencing for sundry persons on
God
<fe
e-oe
«7-62
68-06
Freight on Company's property not included.
Rtghtofway
First Mortgage 5% Flft\-year Gold
$15,000
Uoifled Fifty year 4%
1,539.0 '0
Pensacola Div. First Mort 6%
41,000
Naxrivm« Florence
Sheffield Ry.
First Mortgage 5%
100,000
Pensaoola * Atlantic
First
L.
83
*
66-2S
67-98
67-84
66-21
67-06
65-07
$463,787 25
16,618,179
6%
M,.-<:;7
3,201 »2
•
eseo
Locomotive equipment
$165,971 58
Freight car equipment
213,36170
Passenger car equipment
30,240 00
Passenger car equipment— electric light
Ing apparatus
1,600 00
Steam wrecking cars
21,949 93
New machinery for various shops
20,664 04
Bonds
General Mortgage
M
«
t
4.153 53 2,.'f«7 48
4.554 88 2,328 28
4.6<6 1'6 8,188 27
4,993 88 2.367 78
6.264 64 2.bM6 5?
6,1^6 97 8.0S- 8•6763 07 3.088 77
•62-3 14 2,94- 77
IMPROVEMENT ACCOUNT,
-
First
PerCU
xVet
Expenditures for equipment, and for improvements and
additions to the property, during the fiscal year, charged to
Operating Expenses, are as follows:
Equipment and Improvements thereof-
Louisville *; Nashville Southern,
Mouon Collateral 4% Gold Joint
Mortgage 6%
6,521 01
6.877 14
6.834 22
7.;<61 66
7.951 21
9,/ 24 85
•-841 84
•9331
•10.80'
U4785H5
•ti970 4:s
*25U1648 11802244 •lo.ai •6948 65
•28970>-il2
1903-04. 3,blS-19 •36943793
•
i
3,955-98 19.275,994 12,277.773 6,f'98.221
2.9fi.s-0(' 2ii,:i90,711 13.50.'>,206 6,886.605
2,9S0-93 20,372.308 13,H4!l,2l8 6.623,1 9li
2,V-88-0ii 21,99«,H53 14.931,730 7,074,923
2,98^-16 23,759,186 15.731,688 8,027.898
3,007-35 27.7i:e,379 1S,6"3.406 9,138.973
.S,lti9-27
•18233034 9.789.173
,336- 76 30712257 •2u9 2438 9,8i 9,-20
1894-95.
1895-96.
1896-97.
1897-98.
1898-99.
)8H9-00.
1900-01.
1901-02.
Operat'g
Net
Earn'QS ETpen. Eam'gt'of Exper
Eam'gi.
per
pen. to
MiU.
MUe.
iSoe.
Earn.
t
8,485,000
Dlvl-iouGold
General Mortgage Gold
Cecilia Branch
Pensaoola & Atlantic RR. First
Operating
Expen.
Assumed
Five-per ceat
Trust Gold
shown by the
:
Co.
Total Bonds Issued and Assumed
in the
TRAFFIC.
of traffic for the past ten years is
following table
Com-
pany) First Mortgage
Mobile & Montgomery Ry. Income..
Bonds
$6,688,171 18
GROWTH OF
3,929,000
General Mortgage
Florida RR. (Old
1,
Net Income for the year
Through OotisoUdatlon
Alabama Mineral RR. First Mort. $3,150,000
Birmingham Mineral RR. First
Bonded Debt June
104,287,321
The General Results
ville
Total Bonds
$113,442,500
1904
$4,942,000
Southern Ry. Co.'s pro-
Purchased
hands
Includes $100,000 of bonds matured or drawn for payment, not
presented.
1,500,000
lUe Henderson
in
bO, 1904
*
LouifvlUe & NashvilleSouthern, Monon Collateral 4% Gold Joint
Bonds, issued on aocount of 1 urchase of
stock In the Chicago
Indianapolis & Louis-
Evans
June
Total increase of bonds outstanding In
hunds of public for fiscal year ending
1,084,000
Total Bonds
Bonded Debt
Total Outstanding
or piibl c
stock In the Newport
& Clnolnnatl Bridge
Alabama &
554,000
Total Outstandi .g Bonded Debt in hands of
public June 30, ly03
coiistnicil ^n an<1 pur-
of
(see
33,886 000
*
chase of new lines -. 1,964,000
For additional equip-
Co
Ala-
page 147e)
1904—
$394,000
ment
Nashville RR. Issue in
Louisville
For Improvements, and
For p rohase of
14,000
&
Sinking
Unltied Klftyyear Four percent Uold, Issued
for tbe foi lowing purposes:
For Bonds redepuied
Fund
of Louisville
Fund—
A Nashville-South & North
bama KR. Trust Deed Sinking Fund
9130,710,321
it!104,'287,321
for SiDkliiK
o. Gold Bonds... $13,000
Louis Division 2d
1,000
4 p.
St.
dk
Mort. Gold
30, 1D04.
Bonded Debt, June
portion
SOyear
9/47j3S,fco
bouds-
Ix>u1h Division
Unified
Soutli East
$16,710 ao.
[Vol. Lxxix.
O
Kentucky Central
Covington yards
Sundries
Ry— Sewer
3,07348
9,322 40
478 87
3,056 89
117,67327
in Central
4,586 89
577 24
1,292,396 57
,
198,000
$1,746,183 82
Total for year ending June 30, 1904
'i
The charges to this account for year ending June 30, S^
2,000,203 63
1903, amounted to
Decrease
'
$254,019 31
—
Oct.
—
'
THE CHRONICLE.
8, 1904.]
1473
PAYMENTS ON ACCOUNT OP SINKING FUNDS, ESTIMATED
COST OP BOAD AND EQUIPMENT.
1904-1905.
$123,355,251 82
Road June 30, 1903, was
THE Cost op
July 1, 1904. .$14,000
Newport & Cincinnati Bridge Co
To which add the following:
...Aug. 1,1.04.. 8,400
Henderson Brldf^e Co
Na.-hville-South & North Alabama
Louisville
Main Stem—
<fe
Cost of 10 consolidation
motives puroliasert
BR.TrustDeed
lo-
$151,44199
Co!-t of l,>-00 freight oars
built In Company's shops. .1,264,182 13
DeImproV' ments to
New
Lease of the Georgia RR.
By
Company on
69,976 45
The following is a statement of the equipment acquired,
destroyed and sold during the year;
$1,500,000 00
1,400,000 00
LOCOMOTIVKS.
Florida Division—
Expenditures for Improvements....
On hand
681
Brush Creek Branch—
From which Deduct—
17,763 44
30 67
bonds
Bir-
RR the
property of that company
having been deeded to L. &
N. REl. Co
$3,929,000 00
Amount of stock added to
cost 'f road
848,345 70
Expendf^d for constructiontrack North Birmingham ..
146 40
,
4,777,492 10
Twenty locomotives, costing $291,415 72, charged as
Year ending June 30. 1903. ...$1,04-; 27
Year ending June 30, 1904... 290,369 45
$10,163,510 74
Oreditf—
WhSTPORT RR.—
of sale of a portion
of line
$38,099 68
Southern Alabama Division Amount of material removed from old line
$1,140,233 84
Passbngbb Equipment.
Sardls t<> Gulf Jct..$13,806 65
Less Amo'nt expended account Improve,
ments
9,089 52
—
4,717 13
From which Deduct—
Destroyed during the year
June
30,
roadway equipment
On hand June
BAILS.
30, 1904,
Miles
.
Stbel Rails— Under 58>4 pounds per yard
584 pounds per yard
60to 63 pounds per yard.
30,
501
1904
are
.
225-65
61
171-10
Fifteen cars, cosilntf $101,17.'> 02, charged as follows:
Inyear ending June 30, 1903...$11.7r3 17
In year ending June 30, 1904... 89,421 85
$101 175 02
of Rolling Stock for CIncin.-Atlanta-Llne—
Eighteen cars, costing
136,197 14
To Cost
$237,372 16
1,0^^6
pounfls per yard
pounds )ier yard
pounds per yard
pounds per yard
1
to
There has been charged to operating expenses, Passenger
Car Repairs, the sum of $369,503 84. The cost to replace
two cars destroyed nnd one car changed, viz., $13,285, is in3,705 42
46,522 23
cluded in this amount, which charge fully perpetuates the
10,116,988 51 Passenger Equipment. The cost of thirty-three cars bought
1904, as per Table No. III. .$133,472,240 33 and built has been charged as follows:
To Reserve for Rolling Stock. Passenger Equipment-
The rails in track owned and operated on June
shown below:
68
70
80
85
2
Changed
$205 42
Deposit In 1900 with
Central Tru-^ t Co account sale of land at
Mobile, not heretofore credited to cost
of road, M. & M. Ry. 3,500 00
ToTAi, COST
471
33
504
Cars on hand July 1, 1903
Bought and built during the year
Mobile & Montgomery Div.—
Sales of land
follows:
$291,415 72
To Cost of Road and Eq[uipment—
151,441 99
Ten locomotives, costing
To Cost of Rolling Stock for C'ncinnatl-Atlanta Line—
Forty-six locomotives, costing
697,37613
LonisvTLLE Harrods Creek
&
1
.676
On hand June 30, 1904
There has been charged to Operating Expenses, Locomotive Repairs, the sum of $1,958,944 69. The cost to replace
four locomotives destroyed, and one locomotive sold, viz.,
$70,641, is included in this amount, which charge fully perpetuates the Locomotive Equipment, The cost of seventysix locomotives bought has been charged as follows:
To Reserve for Rolling Stock, Locomotive Equipment-
Birmingham Mineral Railroad—
On account
4
Destroyed during the year
Sold duiing the year
Shelby Railroad—
Additional expenditures incident to purchase
mingham Mineral
605
76
July 1, 1903
Bought during the year
16,134 87
Expenditures for construction
Assumption of
Louis
St.
EQUIPMENT.
6,864 92
2,900,000 00
&
$300,000
will be seen that there was
this lease for the past year of
II, it
Terminal RR. Association of
Middlesborocgh Railroad—
Alabama
N.
Guaranty of interest on General Mortgage
$18,000,^*00 00
Bonds outstanding
One y>ar'8 interest at 4 percent
720,000 00
51,428 57
L. &N. RR, Co.'s proportion, one-fourteenth
450,00000
Bonds assumed
reference to Table No.
a profit to this
182,879 82.
Cost of property purchased at foreclosure
Cost of stock
RR.
&
&
Cdmbebland Valley Branch—
Lining Cumberland Gap TunneL
Newport & Cincinnati Bridge—
1904-1905.
Louisville A Nashville RR •''o. and Atlantic Coast Line
Co., joint lessees, Jrom July 1, 1899.
Total yearly rent under the lease $600,000, L.
guarantees one-half
Louisville Cincinnati & Lexington Division—
Expenditures for improvements at Frank40,738 32
fort
Extension of Stony Fork Branch
$634,300
GUARANTIES,
99,673 14
sale
1,
1.
Total
EVANSVILLE HENDEBSON & NASHVILLE
Division—
Expenditures for Improvements at Hen-
Southern Division Cumberland
Ohio Railroad —
1,1904.-20,000
1904.. 60,500
)905.. 66,000
1,1905.. 6.^,< 00
June 1, 1905.-400,400
Deo.
Feb.
Mar.
svilie Hend'-rsoD
Cecilia Branoh
General Mortgage
245,630 21
catur ehops
Expenditures on second
track.Shepherds vllle to Leb106.S58 00
anon .lunction
17.024 50
Property at Nashville
$1,784,836 83
derson
Oct.
& Nashville Div
Pensacola& Atlantic KB
Evai
10381
Freight Equipment.
22
649-92
1,3 "3
'
Freight cars on hand July 1, 1903
Bought and built during the year
-74
3,50105
Iron Rails
7-22
ChauKcd from roadway equipment
28,118
3,844
to
freight
equipment...
6
31,968
Total
Located as /ollows (see page 1471)
Lines owned
Lines operated for account of owners
3,503-27
:
3,315-70
192 57
3,508 27
The rails in track owned, leased to other Companies, on
June 30, 1901, are shown below:
Steel Rails 56 pounds per yard
58 ifl pounds ptr yard
60 poun In per pound
68 pounds per yard
135-35
\\\
20 70
.'.'.','.
118-7.5
..,.".
*10
Total
Located as follows (see page 1471)
Paduciah A Memi>hlH Division
ClarkNVille & Princeton Branch -Gracey
Princeton, Ky
,
:
254-20
to
2070
From which Deduct—
Destrr yed during the year
Sold during the year
Clianged Irom freight equipment to
equipment
974
1
roadway
88
1.C63
On hand Juno
30, 1904
30.905
There has been charged to Operating Expenses. Freight
Car Repairs, the sum of $2,602 287 84. The coat to replace
974 cars destroyed and one sold and 88 changed to Roadway
274-90 Equipment, lets the value of six cars chanK<'d from Roadway Equipment, viz., $724,708 00, is included in tiiis amount,
which charge fully perpetuates the Kreinht Kquipment. The
cost of 3,844 cars bought and built has been charged as
274*90
follows:
1474
rilK
CHRONICLE.
for RollttiK Stock. Freight E<|Ulpment—
Thlrtt^en hiiudrocl unil nfty cura. oohiiuk
$84l.:t»^2 90. All . xpeudeil Jn year end$841,38296
ing .June 3". 1904
To Cost of Uoad iiiid Efiulpment—
1.264,182 13
ElKUt*«^n liiiiulrei oarrt. ooHtlnjr
To Oust of Rolling Stooh for Clnoln -Atlniita Line-
Six hundred «nd ulnoty-two
<'ar«,
account, during the present
lowing amounts:
490,864 97
cohIIuk
1,3.'50
Leaving Balance Unexpended
$24,015 01
Bonded Deht.
Maimtbnancb of Equipment.
Attention
of the Company has been kept in good
condition during the year. The average cost per mile for
repairs to equipment for the past ten years has been as
follows:
1896. 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1908. 1904.
1
fol-
1,739,611 19
The equipment
80.
the
00
-$2,597,780 06
Tear endino June
fiscal year,
For IvenewalB of Ralls
$500,084 41
For Rolling Stock
1,221.18053
For Iti)i)rovement8, Shelbyvllle Bloomfleld
&Ohlo RR
18,34025
To UperatloK Exp»n8eH, FreliihtCar Rrpalrs—
(eBtlmut«d)
Vol. Lxxix.
There have been expended and charged to this
To RoRerve
Two card, costing
[
is
called to Table No. IV,
showing Bonded Debt
& Nashville
Railroad and Sub.sidiary Companies
on June 30, 1904, together with estimated interest charges
for the year ending June 30, 1905.
of Louisville
Alahama Mineral Railroad.
The
legal title to the property, rights, privileges and franchises of the Alabama Mineral Railroad was conveyed to the
Louisville
Nashville Railroad Company by deed dated
September 29, 1903, subject to the lien of the Alabama Mineral Railroad Co.'s first mortgage to the Central Trust Co. of
New York, Trustee, dated July 28. 1890, and the lien of the
&
Per mile—
CU.
Locomotive repairs..; 4'65l
PastenKcrcar reuHlrs' VH6
FrelRhtcar repairs... 0599
Cts.
!
Ct».
Ct>.
Cts.
Ors.
0'$.
Cts.
Cts.
4-813 6-141 6-5eH 0-187 6043 62-i«
l-3«3 1-399 1-308 1-412 1-853 1-401 l-4-<iC 1-410 1-267
0-631 0-581 0-717 0-669 0-676 0-712 0700 0-80
0'(?89
All the equipment of the Company is provided with both
air-brakes and automatic couplers, except freight equipment,
which is equipped complete with automatic couplers only.
On June 80, 1«03, 84,604 oars out of the total of 28.118 were
equipped air-brakes, being 87"50 per cent. The number ot
freight cars equipped with air-brakes on June 30, 1904, is
27,719, or 89-69 per cent.
For comparison your attention is called to the following
tables, showing the number of locomotives, passenger and
freight cars on hand at the the close of each of the past ten
fiscal years:
Louisville
Tear end. June
liOcomotlTes
30.
& Nashville Railroad and Operated
1896
1896
6t4
438
540
43^
1897
1898
1899
1900
1901
Likes.
1902
1903
649
Your attention is called to the table below, showing the
excess mileage and per diem paid and received on foreign
cars during the last ten years:
Exce'f Paid.
$5,206 52
189^1896
38.0!»6
1896-1897
1897-1S9<?
1898-1899
* Exoeas received.
6fi
116 497 71
74,264 06
77,382 56
1839-1900
1900-1901
1901-19 2
1<»02-1903
1903-1904
,
&
N
Birmingham Mineral Railroad.
The
legal title to the property, right, privileges and franchises of the Birmingham Mineral Railroad was conveyed to
the Louisville
Nashville Railroad Company by deed dated
January 11, 1904, subject to the lien of the Birmingham Mineral Railroad Co.'s first mortgage to the Farmers" Loan
Trust Co. of New York. Trustee, dated November 1 1887,
and supplemental mortgage to the same Trustee dated April
3, 1888, and of the lien of the Unified mortgage, covered by
indenture dated January 9, 1904, executed jointly by the
Birmingham Mineral Railroad Company and the Louisville
Nashville Railroad Company to the Central Trust Co. of
New York, Trustee under said Unified mortgage.
The road, consisting of various branches and spurs in the
mineral district around Birmingham, Ala. has heretofore been
operated as a part of the L.
N. system, being controlled by
this Company through ownership of the entire issues of its
capital stock and first mortgage bonds.
&
1904
64'
54«
563
589
606
676
4-"
45"
PassenEer cars...
43<<
46«
462
446
5 1
Freight cars
19.272 19,886 19,660 20,875 21,'<85 23,402 23.6«i3 24,880 28,118 10,906
18»4-189'i
Unified mortgage, covered by indenture dated September 28,
executed jointly by the Louisville
Nashville Railroad Company and the Alabama Mineral Railroad Company
to the Central Trust Co. of New York, Trustee under saicl
Unified mortgage.
The road, extending from Calera, Ala., to Attalla, Ala.,
with certain short branches, has heretofore been operated as
a part of the L. &
system, being controlled by this Company through ownership of the entire issues of its capital
stock and first mortgage bonds.
1903,
Excess Paid
$131,004 06
45,18H 77
101770 61
140.813 73
"12,022 73
&
,
&
,
&
Southern Division, Cumberland & Ohio Railroad.
The property of the Southern Division, Cumberland & Ohio
Railroad Company, was sold under judgment of the Marion
CONSTEUCTION ACCOUNT.
Circuit Court on August 3, 1903, and was purchased by this
This account was closed on July 1, 1894, and the items Company for $450, OUO 00, an amount very considerably less
theretofore charged to Construction Account have since than its indebtedness to this Company, and by deed dated
that time been charged to Operating Expenses in a sub- October 2, 1903, the Commissioner of the Court conveyed to
account under the caption "Improvement Account." The the Louisville & Nashville Railroad Company all the rights,
charges to this account, amounting to *1, 746. 183 82, for the property and franchises of that Company. It is intended
year ending June 30, 1904, are stated in detail on page 1472 that Unified Bonds shall be drawn for the purchase price.
The road, extending from near Lebanon, Ky., to Greensof this report.
burg, Ky., 30 90 miles, has formerly been operated by this
Maintenance of Equipment.
Company under lease. From July 1, 1903, its operations
All locomotives and all passenger or freight cars destroyed,
have been included in the results from operation of the L. &
sold or missing are promptly replaced by equipment of
N. system.
present standard, and the full cost of such new equipment
is charged)to Op -rating Expenses, Locomotive, Passenger and Pbnsacola & Atlantic Railroad Land Grant Mortoaob Bonds
Freight Car Repairs.
The value of the land grant from the State of Florida to
the Pensacola & Atlantic Railroad Co. his heretofore been
Cost op Road and Equipment.
represented on the books of the Louisville & Nashville RailThe total cost to June 30, 1904, amounts to $'33,473,240 32, road Companj' by the par value of the Pensacola & Atlantic
details of which are given on page 1473 of this report.
Railroad Co.s land grant mortgag'i bonds, amounting to
$1,000,000 00, all owned by the Louisville & Nashville RailInterest and Rent Accrued During the Year.
The proceeds from the sale of these lands
Interest and Rent for year ending June 30, 1903, was... $5,184,076 71 road Company.
For year ending June 30, 1904 (aeu Table I. of this rehave been applied from time to time to the redemption and
GENERAL REMARKS.
was
.$5,613,227 95 cancellation of these bonds.
The remainder of the entire
Showing an increase of $429,151 24, more than offset bj' issue of Bonds has during this year been thus retired and
an increase of t512,661 18 income from rents, inveBtments the mortgage fully released. The amount realized from sale
of lands to June 30, 1904, in excess of the par value of bonds,
and other sources.
was $lb2,613 40, which has been closed into Profit and Loss
Surplus.
The net surplus for the fiscal year ending June 30, 1904, Account. The lands have practically all been sold.
shows an increase of $477,123 44 over the net surplus for the
Knoxville LaFollette & Jellico Railri>ad.
fiscal year ending June 30, 1^03.
The Knoxville LaFollette & Jellico Railroad, which is
nearing completion, will connect the southern end of the
Profit and Loss Account.
The Directors* have charged to Profit and Loss Account all Knoxville Division, at the Tennessee State Line, with the
accounts considered uncollectible.
he balance to the credit Atlanta Knoxville & Northern Railway at Knoxville, and
of Profit and Loss Accoant June 30, 1904, $11.684,424 12, is thus open a new line between Cincinnati and Atlanta via
port),
'1
set forth in detail in Table No.
IL of ihis report.
Reserve Account.
reference 'to the Fifty-second Annual Report, page 18,
it will be seen that there was to the credit of this account,
unexpended, oa June 30, 1903, the following amount:
By
Net amount unexpended on June
30, 1P03
$39,303 80
To Which Add— Additional apiToprlatioDs, which were made during the
present
ttscal year,
For RwnewalH of Ralls.
For Rolling Stock
as follows:
$506,055 12
1,218,267
'28
1,724,322 40
§1,763,626 20
Knoxville, Tennessee. For this construction this Company
has advanced to June 30, 1904, the sum of $5,183,773 39 and
for Equipment for this line $2,019,108 56, making a total of
$7,202,881 95.
Newport & Cincinnati Bridge.
Company
acquired, as of April 1, 1904, the entire capCincinnati Bridge Co. Subsestock of the Newport
quently the legal title to the property, rights, privil-ges and
franchises of the Bridge Company was conveyed to the Louisville & Nashville Railroad Company by deed dated June
16, 1904, suliject to the lien of the Newport & Cincinnati
Bridge Co.'s general mortgage to the Farmers' Loan & Trust
Co. of New York, Trustee, dated July 1, 1895. This Com-
This
ital
&
—
Oct.
.
:
.
.
THE CHRONICLE
8, 1904.]
pany, by indenture dated June 17, 1904, conveyed the same
property to the Central Trust Co. of New York, Trustee
under the Unified mortgage, and drew $1,500,000 00 Unified
bonds for the cost thereof.
1475
The Board acknowledges the fidelity and efficit^ncy with
which the officers and employees of the company have served
its interests.
For the Board of Directors,
Gborgia Railroad Lease.
H.
WALTERS,
This Company's one-half share of the profit from operation
of tbe Georgia BR. amounted in the year ending June 30.
which amount was credited to
1904, to $82,879 82,
Profit
Chairman.
and
M. H. SMITH,
Loss Account.
Frei,ident.
Sale of Five-Twentt Collatebal Trust Bonds.
A sale was negotiated in March, 1903, and mentioned in
the last preceding Annual Report, of $23,000,000 of Louisville
& Nashville RR. Co. Five-Twenty Collateral Trust 4 per cent
gold bonds, issue of 1903, of which $17,460,000 were delivered
prior to June 30, 1903. Since that date the remainder,
$5,540,000, has been delivered.
Sale of Unified Bonds.
year ending June 30, 1901, there have
been sold $3,000,000 of Unified Bonds, which yielded net to
the Company $2,880,000. There were also paid in the acquiCincinnati Bridge Comsition of sto k of the Newport
pany $1,340,000 of Unified Bonds, for a like amount of stock,
both at par, the balance of the $1,500,000 stock of the Bridge
Company, viz., $160,000, having been paid for in cash.
During the
fiscal
&
submitted herewith for
Attention is called to the Tables
details •f the year's business
Income Account, Fixed Charges,
Protit and LofS AccoLnt.
I.
II.
III.
General Balance Sheet.
IV.
Bonied Debt in
etc.
Securities
V.
Detail and Estimated Interest Charges.
Owned by
ihe
HASKINS & SELLS,
Certified Public Accountants, 30
New
York, September
28, 1904.
&
We have examined the books and accounts of the Louis& Nashville Railroad Company for the fiscal year ended
ville
lune 30, 1904, have verified all cash and security balances
by actual count, or comparison with receipts and certificates
of deposits, and have examined carefully all details of earnings and expenses and all charges to capital a counts, and
We hereby CERTIFY that the accompanying (General Balance Sheet and statements of In-ome and Profit and Loss
are correct, and truthfully set forth the results from the
operation, for the period shown, and the financial condition
June 30, 1904.
Company.
TABLE
T«rk.
Henry Walters, Esq., Chairnf n of the Boar.!, Louisville
Nashville Railroad Company, 71 tiroaduay. New York:
&
Haskins
Gross Earnings, Operating Expem-es and Net, by months.
Gross Earnings, Operattmr Expenses and Net, summarized.
Operating Expenses, in detail.
VI.
VII.
VIII.
New
Broad Street,
Sells.
Certified Public Accountants.
No.
1.
INCOME ACCOUNT FOB THE YEAR ENDING JUNE
30,
1904.
Inereaie over
Last
I
nee.
from
Last Fear.
ear.
Income From tkaffic—
Earniogs
From freight traffic
From passenger traffic
From transportation of malls.
From express traffic
From miscellaneous sources
$27,348,816
7,643,685
806,715
814,007
330,567
.
75
63
07
$770,1 P6 IP
5 9,598 67
14,724 25'
•^3
110,411 7a
75
Total earnings
$516,00
»36,943,792 73 $1,494,414 89
Expenses—
For maintenance of way and structures.
For maintenance of equipment
For«onducting transportation
For general expenses
$5,701,441
5,599,028
13,004.534
836.543
Clarksville
&
31'95 per cent.
$20,866 53
$11,802,244 46
Princeton Division
Paducah & Memphis
St.
traffic,
555,365 89
25,141,548 27 $1,170,735 hS
Total operating expenses, 68*05 per cent.
Net earnings from
Income From Rents—
357,28f> 86
278, 9.'' 5 61
73
10
80
64
$12,039
203,610
22,191
331,505
l>ivl8ion
Louis Property
Equipment
70
00
4,787 61
153,330 57
91
46
$158,118 18
$569,347 07
Income From Investments—
Nashville <te Decatur RB. Stock
LoulavlUo & Nashville Terminal Co. Interest on Bonds and on Cost
of luiproveiiients i exces-4 thereof
Birmingham So. RR., Interest on purchase price and Improvements
Chicago Indianapolis & Louisville By. Stock
.
.
Jackson Luiutier Co Bonds
Nashville Cliattanooga & St Louis Ry. Stock
Charleston Terminal Co Bonds
Sundry Bonds and Stocks
Pbofit From Operation of Georgia
Interest From Various Sources
$323,679 06
«147,8';0 00
1,489 70
224 41
2.071 50
101,16i34
32,154 9
199.9V9 26
39,.58 < 34
143,552 00
12,000 00
304,374 47
6.6 4 45
143,552 Oi>
1?,<
00 00
194,67b
7(
980,629 30
'86,'l77"8'i
RR
360, .08 76
""8»,177 81
1,635,154 18
Charges against IncomeInterest on bonded debt.
Interest, all other
Guaranteed dividend on Nashville
Taxes
$512,661 18
$13,437,398 64
From Which Deduct—
$836 340 24
85,347,296 69
& Decatur
i|>502,V!68 66;
73,112 40
RR. Stock.
Sinking Fund payments for which no bonds are received, charged
to this account, and ere itod to Profit and Loss Account
Unfunded rtlscount (this year'n pro ra'a of discount on bonds fold)
South &. North Alabama RR Co. surplus earnings for year. Inoludei in abuve and irauMferred to Proflt and Loss ACC' unt, to
which account the loss in previous years has been charged
265.93127
921,699 98
02
77.226 27|
$506,377 511
$6,53«,927 93
2,200 CO
146,600 00
127,155 42
22,205 29
67,699 53
214,299 53
.
..$147,16071
6,749.227 46
Less —
Net income for the
Casli dividend,
2^
Cash dividend,
2»fl
91,343 67
per cent, payal)le Feb. 10, 1004.
per cent, payable Aug. 10, 1904.
359,216 80
$6,688,171 18
yi ar
$477,123 44
Pl.flOO.OOOOO
1,500.000 00,
3,000,000 00
Surplus after payment of dividends, transferred to the credit of Proflt
and Loss Account
$8,688,171,18
$477,123 44;
THE CHRONICLE.
1476
[Vol. Lxxix.
TABLE NO. II.
PROFIT AND LOSS A(X)OUNT TEAR ENDING JUNE
30,
1904.
I
Credits.
I
aooountJnne 30, 1903
Balance
BlukluK Fmul payrunntH for wUtcli no bonds ar« received, charged
L A N — Hoiith \ North Alibauii* Uallr.iad TriiMt Deed
PcnMucola \- Ailantto Railroad I'lrHl MortK»Ke
to credit of tuts
to
Income Aoooant,
$8,292,710 22
viz
:
;
$20,000 00
61,t^00 uO!
65,000 00
Cecilia Uran*-!! MortKaK'e
For HElPs of Florida lands to June 30, 1901, In excess of the amount shown on books to the debit of Pensa
cola A Allantle Railroad Land Grant Bonds
For JiidKnicnt aHuln»t the Louisville Bridge Co. for tolls or surplus earnings of the Bridge Company accruedj
prior to January 1,1892
To raise cost of the Soiitbern Division, Cumberland & Ohio Railroad, to ^1450,000 00, amount bid at sale
(Indebtedness for dellcits i)rlur years charged io this account)
Surplus parnioKs of the South & North Alabama Railroad for the year ending June 30 1901 (previous year's!
-..
lofisos charged to this account)
Surplus fro operation of the G or»;ia Railroad Lease, $165,759 64; this company's share, one-half
For amounts rei oived from sale of Louisville Harrod's Creek & Westport Railroad In excess of cost of road|
...
and value of stock
Interest accruing prior to June 30, 1903, on Bonds purcha'ed from the South & North Alabama Railroad Co.
Amount refunded bv Pullman Company for excess mileage paid on sleeping cars from November 1, 1902,!
to June 30,1903
Kentucky Franchise Taxes included in accounts for year ended June 30, 1803, In excess of the actual
amount subsequentlj' paid, covering Taxes ordinarily payable in that year...
Amount received from Covington & Cincinnati Elevated Railroad & Transfer & Bridge Co. as compromise
of controversies in connection with accounts accrued from February, 1899, to June 30, 1903
Unclaimed Dividotuls payable prior to January, 18S2, closed otT
Nashville A Decatur Railroad Unclaimed Dividends payable prior to July, 1900, closed off
Amount of inventory of shoi> materials and supplies in excess of ledger balances, account of material
omitted fro n prior years' Inventories
To raise an asset for bonds and oa«h held by H AV Smithers, W. F. Whitehouse and Noble O. Butler, Trusteesj
of Southeast & 8t Loui^ Division Mortgages
Adjustment of values of sundry notes and sec irlties
Sundry credits and amounts realized from various sources
Net surplus for the year ending June 30, 1904, transferred from Income Account
I
|
•
'<
I
146,600 00
183,004 44
284,533 98
176,775 81
67,699 53
82,879 82
38,900 32
21,890 83
17,396 20
6,629 87
15,946 12
31,«53 43
2,359 £6
88,414 81
14,198 68
672, S9H 21
10.392 42
3.688,171 18
$13,747,955 43
Debits.
Ten per cent premium on bonds redeemed for Sinking Funds
Bonds purchased by Trustees of Sinking Funds brought to par on ledger
Cost of bonds purchased from South & North Alabama Railroad Company in excess
$38,800 CO
776 00
of par value
and
accrued interest to date of purchase
For discount on bond-' sold during the year
Improvements at Evansville, Ind.
77,603 75
590,900 00
3.53,028 76
102.326 34
495.000 00
60.179 33
Improvements at Columtiia, Tonn
For Accrued Taxes, estimated, for six months ending June 30, 1904
Uncollectible and val leless accounts charged oflf
Reserve for Doubtful Accounts
Kentucky Franchise Taxes for prior years, paid this year
Balance to the credit of Proht and Loss Accoimt June 30, 1904
333,5 2 90
6,414 23
11,684.424 12
$13,742,955 43
TABLE
No.
III.
GENERAL BALANCE SHEET JUNE
30, 1904.
ASSETS, ETC.
DR.
Cost of Road, Equipment, etc. (1473)
Real Estate, Qdarry and Timbbr Lands
Improvements and Betterments
Investments (Table V.)—
$133,472,240 33
1, '79,226 2C
3,786,398 77
Bonds—
In Treasury
In Trusts and Sinking Funds
$1,556,220 94
10,267,0J0 00
$11,823,220 94
Stocks—
In Treasury
In Trusts
7,371.460 38
12,113,305 85
19,484,766 23
31,307,987 17
Advances to Scbsidtahy CompaniesSouth A North Alabama Railroad Co
Knoxville LaFoilette
Knoxville LaFoilette
&
1,341,C92 04
Co.— Rolling Stock account
Railroad Co.— Construction account
Jellico Railroad
& Jellico
2,019,108 56
5,183,773 39
7,202,881 95
2,546,908 33
Other Companies
Material AND Supplies
Material IN Private Sidings
Uninvested Sinking Funds and Deposits with Mortgage Trustees
OCBRENT Assets —
Cash on Hand
Cash ou Deposit
Cash on Deposit
to
to
pay Coupons and Dividends
pay Matured Bonds
11090,882 32
2,492.509 23
451,957 53
77,766 9«
4,071.890 29
112,.'i98 87
11,000 00
4,195.489 16
57<',227 02
Remittances In Transit
Due from Agents and Conductors
Tradio Balances due from Other Companies
691,673 60
179.913 ft8
151.2(9 54
2,541.536 76
Receivable
....
Accounts Receivable, less Reserve for Doubtful Accounts
Bills
8,330,049 6«
65,409 97
23,lu8 38
Accounts Awaiting Distribution
UNADJU8TKD Claims, less Reserve for this Company's proportions
CONTINOKNT ASSH.TS —
South <« North Alabama Railroad Co. 5 per cent Consolidated Bonds outstanding3,247,000 00
7,000 00
endorsed by LouiiviUe <fe Na-diville Railroad Co
Payable— endorsed by Louisville & Nashville Railroad Co
Bills
3,254,000 0«
$195,631.530 53
LIABILITIES, ETO.
OR.
Capital Stock—
$59,916,200 00
Full Shares Outstanding
Fractional Shares 0^lt^tanding
Original Stock and Subsequent Stock dividends unissued
720 00
83,080 001
f 60,000,000
Bonded Dkbt Outstanding
Current LiABii-iTihs-
100,000 00
102,269 34
Bonds due aud Unpaid (Table IV)
Agents' Drafts
Pay Rolls
June, 1 904, audit n npaid
May, 1904, and
prior audits uupald
$1,434,663 76
322,474 10
1,757,137 86
(
113,342,500
(Table IV)
(
.
Oct.
THE CHRONICLE.
8, 1904.]
1477
LIABILITIES, EI O— Concluded.
•
Brought forioard
Vouobers and Apcounta Payable
Interest aurl Rentals due aud unpaid
Interest and Rentals a oraed but not due
Dividends due and unpaid.
Dividen ts pavabie August 10, 1904
TaxHS accrued hat not paid
Unpre ented mileai:e and excess baggage coupons
Tiaffio Balances due to other companies
Other accounts accrued
OR.
$/,(?j9 407 so
1,060,0'. 5 20
••
•
1,'<;35,8 9
77 ..IS )
09
1,50' ,000
,
^'73,34^ joo 00
00
83
35 826 30
...
54<i,084 I7
56,319 4o
154,899 2 7
4,9d9 93
7,326,591 39
24,015 01
Reserve Accounts
Contingent Liab littes—
„ _
„
South <fe North Alabama Railroad Co. 5 per cent Consolidated Bonds outstanding
endorsed by Louisville & Nashniie Railroad Co
Nashville Railroad Co
Bills payable-endorsed by Louisville
,
3,247,000 00
7,000 00
<Ss
3,254,000 00
Peofit and LossExcess of assets over
liabilities
11,684,424 12
.^
$195,631,530 52
TABLE NO.
BONDED DEBT LOUISVILLE & NASHVILLE
IV.
AND SUBSIDIARY LINES, JUNE
CHARGES FOR YEAR 1904-1905.
RR. CO.
(Including also Guaranteed Dividends on Stock, Nashville
Mortgages on Railroads.
Authorized
9
&
Lexington, Northern Div..
«-Cecilia Branch Mortgage.
Louisville Cin. & Lex. Ry ,2d Mortgage.
Evan^. Hen .& Nash, Div. Ist M. Gold..
Pensacoi a Division 1st Mortgage Uoid..
South East & St. Louis Div. Ist M. Gold.
Pensacola & Atlantic. RR. 1st M. Gold ..
New leans & Mobile Div. 1st M Gold.
New Orleaii'* & Mobile Div. 2d M. Gold.
General Mortgage, Gold
Louis. Cin & Lex. Rv., Gen. Mort ,Gold.
Maysvllle
Issued.
Mortgage p. c fifty year, Gold...
Birmingham Mineral RR. 'st Mort. Gold
First
.=>
Na^h. Florence & Sheffield Ry.lst M. G'd
Alabama Mineral RR. 1st Mort. Gold
UniUt-d. flrty-vear percent Wold
L. & N. and Mo. & Mont. Ry. Gold, Ist M.
Lou. & Nash. Paducah * Mem. Div
South East & St. Louis Div. 2d M. Gold..
Kentuckv Central Ry. Ist Mort. Gold
400.0
1,000,000
4'i0,000
1, 000,01
1,000,0
,000,000
2,400,000
1
2,400,00
600,000
3,500.000
3,010,"00
5,000,000
1,000,000
20,000,000
»
7,00'»,000
3.500.000
5,00.1,000
2.500.000
3,150,000
7.=>,000,000
5,0"0,o00
5,000,000
3,000,000
7,000,<
00
L.
<fi
xV.
RR
for
Company.
Payment.
$
i*
805.000
108,000
670,000
20,000
600.000
41,000
00,000
3,000,000 546,000
931,000
5< 00."<0
1.000,000
12,' 97,000 4,358,000 ""36,006
3 258,' Ov)
15,r00
1 704,000
3,929,000
3,929,000
2,096 000
100,1 00
3,1^0,000
3,150.000
52 .Tl8,< 00
17,000 20,353,000
4,000,0i
000
4,779,b00
1 000
6,742,000
42,«;00
4,77i^,0'
154,050,000 115,733,C00 6,524,c00 33,377,000
Mortgages on Property—
Louis t'roperty, 20-yr. Gold IstMort.
Newport & Clncia. Bridge Co., Gen. M..
& Decatur
Redeemed Owned by OutHianding
Drawn
or
3,-
:-',000
30, 1904,
in Hands
of PuOlic.
AND ESTIMATED INTEREST
RR.)
Collateral Trust BondsLou. & Nash,, 6 p. 0., Sinking Fund Gold.
Five-20Coll Trust 4 p. c. Issue of 1903
Five p. c. First Mortgage Trust, Gold
6-L. & N.-So.. Mon, Coll. Joint, Gold.
L, & N. Proportion..
.
Total
Interest-bearing
Debt, L. & N. RR. Co
Interest
u
^
Coupons Due.
S
400,000 Jan. 1,1906 7
19=^.000 Mar. 1, 19' 7 7
892.0O0 Oct 1, 1907 7
l,730,00f Deo. 1, 1919 6
539 000 Mar. 1, 1920 6
3,5 0,000 Mar. 1. 1921 6
l,523,000iAug. 1; 1«21 6
5,0(0 OOOLlan. 1,1930 6
l.OOO.ooojan. 1, 1 30 6
8,203,000 June 1, IPSO 6
3,2.5(5.00 Nov. 1, 1931 4t2
l,749,000:May 1,1937 5
jNov. 1,1 J37 5
l,996,0tO Aug. 1, 1937 5
July 1, 1940 i
32,148,f 00 July 1, 19^0 4
4,000,000 Sept 1. 194: 41s
iFeb. 1, 1916 4
2.999,0^^0 Mar. 1, 198o 3
6,700,000 Julv 1. 19n7 4
Jan.
1.
July
Mar. l.Sept
Oct
1
1
Apr.
1 ,
June
Mar
',
Deo.
1
1,
Sept
1
Mar.
1
Sept.
1
Feb.
Jan.
Jan.
1,
1,
1,
1,
Aug.
July
July
I.
Nov.
Nov.
Nov.
Aug.
July
July
June
May
May
May
Feb.
Jan.
Jan.
,
1.
1,
1,
1,
1
1
1
1
Deo. 1
1
I
1,500,000
2,150,000
2,017,000
2,000,000
30,000,000
7,000,000
23,000,000
5,129,000
""424,060
7,750,000
5,913,500
43,000
36,042,500
42,000
40,000
8 ,450
-
1
99,800
1
1,28=S.920
Mar l.Septl
180,000
Feb.
1,
Aug.
1
Mar.
1,
Sept
1
Jan.
1,
July 1
Mar.
1,
1,
Sept
89,970
268,000
Jan.
July 1
30,850
63,000
93.850
1,
1,
1,918,000 Apr.
23,000,0«
e 0.000
495.110
146,610
1
1,
2,017,000
40,000
10 ,875
32,340
210,000
89.880
300,000
3,547,255
6 7 000 Mar. 1,1916 5
1,400.000 July 1, 1945
2,000,OflO
28,000
9,860
62,440
1
75,832,000
617,000
1,400,000
650,'^00
Charge
for iear
1904-05.
1
46,750,000
St.
Eslim'ted
«
Maturity.
Apr.
4,705,000 Nov.
1910 6
19^3 4
Apr.
Apr.
1,
1931 5
May
5,870,500 .July 1,1952 4
1,
1,
1,
Oct
Oct
1
1
Nov. 1
Jan. 1, July 1
115,030
920,000
235,250
235,407
35,493,500
1,505,737
202,950,000 153,792.500 6,664,000 33,886,000 113,342,500
5,146,842
50,^,000
Bonded
Bonds Outstanding, Matured or
Drawn for Sinking Funds, Not
PRESENTkDAlabama A Florida RR. (old Co 1st M.
Mobile & Montgom. Rv Income Bonds
4,00r> Jan.
City of Lou., Lebanon Branch Gstension
Lou. Cin. & Lex. I'y., Ist Mortgage
Consolidated Mortgage
1,000 Oct
3,000 Jan.
7,000 M.r 1,1898
2,000
)
.
Cecilia
Branch Mortgage
Flve-20
'
ol. Tr. 4 p. c.
2,0
Gold, Issue 1893
Sept
2.000 Apr.
79,000 June
General Mortgage, Gold
Total B'ds L. & N. Issues due
,
& unpaid
1867
1. 1890
16, 1H93
1, 1897
1,
1,
1,
1902
1903
1904
100,000
....
...
Mortgage on Railroad Operated,
Controlled Througu Ownership
OF Capital Stock—
Owensboro & Nashville Railway
2,000,000
Morts. on Railroads Not Owned,
BUT Operated by L. <t N RH. So.& No, Alabama RR.,2d Mortgage
80.
& No. Alabama
KR., Consolidated...
MoHTs. on Property Not Ovpned,
but Opkbatki) by l. & N. RR. c-Hendersoii Bridge <'ompany
e(-LouiBvill6 & Na hville Terminal Co...
1,200,000
1,200,000
2,000,000
10,000 000
2,000,000
7,991,000
4,'-
44 000
"3V24 7,000
12,000,000
9,991,000
6,744,000
1931 6
May
3,247,000
2,000,000
3,000 000!
•2
2,000 000
ooooon
S.SX.'i (M)0
Nov.
1,
Apr. 1,1910 6
Aiiff. 1. ISiAl. 5
1,
Nov. 1
Apr. 1, Oct. 1
Feb. 1, Aug. 1 "l62,V60
162,360
lO^l 6
Mar.
Deo. 1, 1U52 4
2 000 000
2,535.000
June
1,
1.
Deo. 1
Jan.
1.
July 1
«!Pr>t 1
Sept
1
120,000
Bonds OFSunsiDiAHY Companies Outstanding, '^'ATUBKD, Not PR^S'hD80. <V. No. Alabinia KR., Sterlintr Mort
Nashville & Decaiur RR., Ist Mortgage.
9,000
.
H
RR
Total est'd Interest charges 1904-05
-'"''' i'
t^nn
17,000
STonK on which Dividbnd isGcabANTKKI)Nashville & Decatur
000
3,545,750
3,545,760
1,971,600
1 574 150
an
tivT.
AN
7V.
118.061
5.547.268
*«6 000 of these bonds d awn for HInkIng Fund, due March 1.1904. Int*ro-t will oeaMO S.ptembnr 1, 1904.
Of the L. <k N. proportion of the oiitHtHnding bondu of this Isnue there are ,fl,«29,.')0() wiiloh are reglMterod as to both principal and
interest, wnd the interest llxieou Is pa\al)le quarterly, on January 1, April I, July 1 and October I.
e.
$1 #7,000 of these have oo«-n redeemed for Sinking Fund. Int^erest on bonds thus ledoemod is regularly paid Into the Sinking P'nnd.
d. This
roperty Is operated )oii,tly by this company and the Nashville Chattanooga di St. Louis Railway, the principal aud Interest
belDgJointly guaranteed by the two railroad coinpanleB.
a.
b.
I
—
—
—
-
THE CHRONICLE
1478
TABLE NO. V.
OWNED JUNE
SECURITIES
LOUIBVILLK
&
BONDS
,
(Vol. Lxxix.
Brought fortcard
Other Issues
6«./liy of Bowling Green Five per cent, .$500
each...
NA8HVILLK IB8UEB.
TKEASUKV.
Par Yolue.
IN
700Jackfon Lumber Company, Five percent.
Gold, $l,OoOeach
.
S6 0«'a«ral Mortftage, Gold, 8ix per
15
$10
(:ont,
$1,000
$36,00000
eu«li
...
Flr8\ Morti^age
Five
cent Fifty-year Gold,
i>er
15,00000
0Paoli
1,689 Umflod Fify-year Four per cent Gold Mort»(»iC.
.OOt-ach
.*
1,539,00000
41 Pen-»i^ola UlvlBlon, First Mongage Gold, Six
prr cent..«1, tiO each
...
100 Nft^hvllle Florence & SliolJield Ry., First MortKuge Gold, Five percent, $1,000 each
Atlantic RR
429 Peu-uoola
First Mortgage
<iold. Six percent, $1,000 each
356 Flvn per cent First Mortgage, Truet, Gold,
fl,0«-Ot-Hch
160.1.. A N., Paducah & Memphis Division Flfty•
&
41,00000
Fi'ur Per
&
Sandr^ Other Bonds and Scrip
356.00000
Fifty-year 4 per cent
G
Id
Mo
tgage
M npral RR
Trust Co. as Collateral for
Fl e per cent First Mortgage Trust Gold
& Trust Co. as Collateral for
Firnt Mort Trust Gold Bonds, yIz,—
3,929 Birmingham Mineral RR. First
Mort. Five p. o., $1,000 each...
Held by United fttates Tru>st Co as Collateral for L.
N. 5-20 ('ollateral Trust Gold Bonds, Issue of
p.
3,929,000 00
&
viz.—
18,200 Unified Fifty-year Four per cent
Gold. $1,000 ea<'h
$18,200,000 00
RR First
,$1,000 each
500,000 00
Gold, $1,000 each..
Mort, Gold Six
p. c
LAN. Padacab & Mem uhis Dlv.
Ge rgla Railroad Lease, viz.:
& North Alabama RR. Five per cent
Consolidated Bonds, $1,000 each
Held by Union Trust Co. as Collateral for L. & N REL
Co. i-ix per cent Sinking Fund Bonds, viz.:
2,000 South & North Alabama RR. Second Mortgage
Six per cent Bonds, $1,000 each...
Held by United States Trust Co. us Collateral for L. &
N. 5-20 Collateral Trust Gold Bonds, Issue
of 1903, viz.:
2,500 LoulKville & Nashville Terminal Co. Fifty year Four
per cent Gold Bonds ....
$2,503,000 00
4,045 South & Nurih Alabama RR.
Five per cent Consolidated
Gold Bonds
4,045,000 00
Division Bonds—
2 Unified Fi ty y'-arFourp.o. Gold
Mort., Rgiwtered, $5,000 each
8 Unified Fifty yt ar Four p c. Gold
Mort Coup n. $1,000 each....
1 Boutli-Eant & 8t. Louis Dlv. Sec-
BONDS IN SINKING FtTNDS.
Union Trust Co Trustee of the Loui.svllle & Nashville,
3,000 00
South <fe N. rth Alabama Railroad Trust
Deed, Holds the Following Bonis of Other
Companies for the Sinking Fund:
22 South & North Alat ama Kai road Five per
cent Conaolidiited Bonds, $1,000 each
3,000 00
-1,000 00
_,
ond Mortgage Gold
14,000 00
Nashville Issues
$30,613^)00 00
BONDS IN HANDS OF BANKEBS.
Morgan & Co., Bankers, Account L.
&
N.
,$36,000
00
andsouiliero Ry.—
<& N.-«outhern, Monon Collateral Four p. 0. Joint Bonds,
86 L.
$i,'00eaeh
..
43,000 00
This Company's share, one-half..
BONDS IN SINKING FUHD8.
Co.. Prustee of the Louisville &
Nashville South & North Alabama RR. Trust
l)«ed, for the Sinking Fund
68 Five per cent Trust Gold Bonds,
*l,00i)each
$68,00000
Held by Union Trust
&
N. South
stocks in treasury.
Railroad Companies Controlled by L. & N RR.
15,000 Shares A'Ih, t^ Kaoxville & Northrin Ry., preferren, ,$!(
each
$1,500,000 00
30,000 Shares Atlanta Knoxvllle & Northern By
common, $100 ach
3,000.000 00
10,000 OO
100 Shares Clear Fork RR..'$100 each
100 Shares Goodlettsville & Gieenbrler RR., $100
10,000 OO
",
437,000 00
4,370 Shares Henderson Bridge Co., $100 each
100 Share-* Knoxville La Follette & JeUloo RR.,
$100eacii
10.000 00
60,000 CO500 Shares 1 one Branch Coal RR.,'$100 each
1,000 Shares Louisville & Nashllle Terminal Co.,
100.000 00
$H Oeach
0,000 00
50o Shores
•inuhis lermin^l O"., $100 eaoh
78,864 Shares Nasliviile & Decatur RR.. $45 each.... 1,971,600 00
Louis Ry.,
16,761 Shares Nashville ChattanO'ga&Sl
1,676,100 00
$100 each
193,121 89>
1,931 8h iTos Owensbr ro & Nashville Ry. $100 eaoh.
Alabama RR., common,
1,351 Snares South & North
M
& North Alabama
Trust Depd Gold Bonds Six per
eent. $1,000 each
403 Urn tied Firty-year Four per cent
Hold Bonos, $ ,000 each
2 Pen8a'ola& Atlantic First Mortgage Gold Bonds Six per cent,
$1,000 each
99 Kentucky Central Ry First
Mort. Gold B nds. Four per
•ent, $1,000 each
.";
$100fach
42,000 00
1,000 Shares South Carolina & Augusta RR. (Five
per cent on). $i00 each
500 Shares Yellow River RR., $100 each
403,000 00
Total Stocks in Railroads Controlled by L.
(Ledger Value $6,251,861 63)
2,000 00
39,000 00
Shales AtlMuta Belt Line Co., $100 each
325 Shares Augusta Belt Rv.. $10o eaoh
125 Shaie.s Augu-ta Union Staiinn Co $100 each.
Shares Augusta &SummervilleRR,$ 100 OHCh
2
3,000 bhares Birmingham Southern BR., preferred,
2,00ii
.
Total Louisville & Nashville Issue of Bonds
owned (as per Table IV.)
.$33,886,000 00
Other Companies'
Railroad
Atlanta Knoxv. & Northern Ry First Mortgage Five percent Gold. $1,000 each
30 Charleston T^rm nal Company, Fifty-year
1
Gold.$ O.OOOeach
10 Central ranefer Rbilway & Storage ( ompany
Hx per ce-t, $i,00t» each
50Ekio<i & Gutlirle Railroad First Mortgage
..
Seven per ornt, $500 cac-h
22 Gainesville .ieireiPon& Si uthern RR Second
Mortgage Seven p-r cent, $i ,000 each
85 Loul-ville <^ Nashville Tern Inal Co. JJifty y*ar
Gold, Ftnr per cent. $1,000 och
67 NashN illrt Chattanooga & St. Louis Railway
$1,000 00
300,000 00
l
Is-ues. $l,ouO each
& North AUbama RR. Five per cent
Conioiidated Mortgage Gold, $i .Ono each...
800 Yellow River Railroad First Mortgage Four
per cent, $500 each
10,000 00
25,000 00
22,000 00
35,000 00
250 Shares Central Transfer Ry. & Stoiage Co.,
$100eai-h
691 Shares Eikou & Guthrie RR., $25 each.
^hare8 Lexington Terminal KR (of Georgia),
33
$100each
..
Tumlual
RR
Association of St. Louis,
$100 eaoh
Total Stoeks in Stindrv Other Railroads
panics (Ledger Value $839,767 82)
.
67,0C000
177 South
177,000 00
I
150,000 00
Total Bonds, Railroad Issaes (Ledger Value,
$787,000 00
-
$200,000 00
32.^00 00
12,500 00
25,000 00
300,000 00
300,00000
25,00000
17,27600
3,30000
205,800 OO
Cm-
Sundry Other Companies—
5o Shares AiUntio Compress Co $100 eaoh
2S0 Shaies Colossal Cavern Co $loO each
50J Shares Conecah Land and Lumber Co., $100
each
6,622 Sh resFlorlda&Gulf Land Co.. $100 each....
b23 Shares Gulf Transit o. $iOOeaoh
2t0 Bha'cs Kentucky Public Elevator Co., common. $100 each
3,000 Sh.»res LouicianaiPurchase Exposition Co., $10
each
500 Shares LoulsvUle Property Co., $100 eaoh
.
$9,197,924 9»
15,0t0 00
150SharesMlledgevlll"Rv., $100 eaoh
2,068 Shates
5.000 00
50,000 OO
common,
$.00each
Issues.
BONDS IN treasury
$712,6«0 00;
*100each
3,000 Shares Birmingham Southern RR.,
135,100 00
& N.
Sundry Other Railroad Companies554.000 00
Issues —
22,000 OO
Total Bonds of Other Companies owned
(Ledger Value, as per Balance Sheet,
$11,8^3,220 94)
f 11.919,930 94
$10,000 00
,
&
00
198,000 00
I
Total Bonds, Louisville
tn Trusts
3,0D0,0000*
Total Bonds of Other Companies' Issues,
In Trusts
$10,24.^,000 00
&
Gold Bonds Four per cent
$1,000 each
Held for H. W. Smithers, W. P. Whltehouse and Noble
(\ Bui ler,rtu><tees, for 8outh-EasO& St. Louis
500,000 0^
6,545,000
23,319,000 00
&
Co. to secure payment of
Ct'oilia BranO'i B' nds, viz.
Unified Fifty year Four per cent
198
OoM Mort. Bonds, $l,(i00 each
Held by Central Trust Co.. New York, Trustee, for L.
N and M.& M. Fonr and one half p. c. Bonds—
3 Kentucky C'entral Ry, Ist Mort.
Held by August Belmont
42 L.
viz.:
O we Qsboro
4,619,000 00
600 PensacoU & At antic
J. P.
<k
500 South
50,000 00
Held by Farmers' Loan
Held by
*365,930 94
Ry. Co.'s First Mort^
<Sj Nashville
gage Six per cent Bonds, $1,000 each
$1,200,000 00
Held by Farmer.i' Loon & Trust Co. as Collateral for
Bonds-
$3,150,000 00
p. c.
Held by Fanners' Loan
Bond-,
Co. Four
per oent, *1 ,000 each
Four
82,000 00
Total Bonds of Other Companies' Issues
in Tr asury (ledger Value, aa per Balance Sheet, $1,556,220 »>4)
$1,652,930 94
1,200
'[Jnifled
Si Alabama Mineral RR Co. Four
per cent. $iOii,000 each
$3,100,000 00
4,619
25,00000
BONDS IN trusts
$2.676.000 00
BONDS IN TRUSTS.
Held by Central Trust Co. as Collateral for
<,
Total Bonds, Sundry Other Issues (Ledger
Value, $«43,5a0 94)
429,000 00
10/>00 OO
4S,00000
2,ij3u 94
f-acu
100,000 00
Nashville Issues in
Treasury
190
»
$8,00000
700.000 00
160,000 00
$1,000 edCh
Five
Six per cent, $1.00
Cent Gold Firet Mortgage,
Total Bonds, Louisville
50 Alabama
20 Muhlenliiirg Couuty, K v.. Five per cent RofuiKlluc, *500 each
25 MuUleuiiurg County. Ky., Five per cent Refunding, $1,(00 each
82 Natioi al Coal A: Iron Company Five per cent,
$1,000 each
43 Sluss Iron & Steel Company First Mortgage
,
.
YeH»
9t9f.ooo oo
f undry
30, 1904.
»1, 136,375
00
$5,000 OO
25,000 00
50,00000
66;,2f0 00
82,aOO 00
28^)0000
80.00000
60,000 OO
Oo».
8,
THE CHRONICLE.
1904.
Brought forward
461 Shares Republic Iron & Steel Co., preferred,
BOO each
461 Shares Republic Iron & Steel Co , common,
$l00eacli
125 Shares St Louis & Tennes-ee River Packet
Oo. $100 each
504 Shares Tennessee Rtver Packet Co., $50 each.
483 Sfcarea Whuley Coal Co., $L00 each
1479
Brought forward
97,969 Shares Chicago Indianapolis
9gs^tSoooo
46,100 00
Common,
Ry.
Louisville
'$3
Syj,4O0 06
^iou()3 30000
&
at
$100 each
9.796,900 00
46,10000
$13,670,300 00
Less— Southern Ry.
12,?00 00
25,200 <'0
48,3o0 00
one half
Co.'s share,
6,835,150 00
&
Nashville RR. Co.'s
iiouisv lie
share, one-half (Ledger Value
$6,006,033 62).
Total Stocks Sundry Other Companies (Ledger
Talue $2^9,831 03.
.$1,110,700 00
6,836,150 00
Total Stocks owned, held in Trusts (Ledger
Value, as per Balance Sheet,$12,l 13,305 85)$1 6,928,450 00
Total Stocks in Treasury (Ledger Value, as per
$11 ,444,999 P9
Balance Sheet, $7,371,460 38)
STOCKS IN TRUSTS.
Held by Oentral Trnst Co as Collateral for Unified Fifty- Year Four
Per Cent Gold Mortgage Bonds—
20,000 Shares South & North Alabama BR. Co. Pre$2,000,000 00
ferred $laO each
11,274 Sbiai© Soutb & North Alabama RR. Co. Common, $100 ea<h
1,127,400 00
55,015 Shnres Nashville Chattanooga & St. Louis Ry.
Co, $l'Oeach
5,501,500 00
9,634 Shares Owensboro & Nashville By. Co., $100
963,40000
each
501,000 CO
5,010 Shares Henderson Bridge Co, $100 each
Recapitulation.
li
<t
Par
Bonds—
y. Issues.
Value,
Other Issue*.
Talue.
Ledger Talue.
>
Par
Total Bondsin Treasury $2,676,000 00 $1,652,930 94
30,613,«j00 00 10,245,000 00
Total Bonds in Trusts
Total Bondsin Hands of
43,000 00
Ba kers
Total Bonds In Sinking
554.000 00
Funds
$1,556.22094
10,245,000 00
22,000 00
22,000 00
Grand Total Bond8.$33,886,0C0 00 $11,919 930 94 $11,823,22094
Total (Ledger Value $6,107,272 23)
$10,093,300 00
Held by 8t«»dard Trust Co. as Collateral for L. &
N. Southern, Monon Collateral Four Per Cent Joint
Stocks—
Total Stocks in Treasury
Total Stocks in Trusts
Bonds, viz: —
38,734 Shares Chicago Indianapolis &
Louisville Ky. Preferred, at
flOO eaoh
$3,873,400 00
$11 ,444,999 99
16,928,450 00
Grand Total Stocks
TABLE
$7,371.4«0 38
12.113,305 85
$28,373,449 99 $19,484,766 23
No. VI.
GROSS EARNINGS, OPERATING EXPENSES, AND NET, BY MONTHS.
Total Louisville & Nashville System.
[Average operated during year, 3,618*19 Miles.]
[3,637-80 Miles.]
Month.
$
Sept.
1903
Oct
1903..........
...^.....
Mar. 19<4
Apr. 1904
May 1904
Jane 1904
Total
Express.
2 3M.398 17
2.375,714 90
2.463,84'^ 07
2,112.557 99
2,( 64,.'S88 32
2,034.860 47
653.137 01
701.41^ 76
673,182 25
643.189 34
688 983 88
675,408 67
599,310 81
688,198 57
618,866 42
693.708 45
6'.;3,9R9 32
684,295 15
67,727 56
67.727 56
65.386 86
68.121 01
68.066 48
66.281 70
68.369 38
68.369 36
65,013 22
68.495 82
68,495 81
64.660 81
27,348,816 76
7,643,685 63
806.715 07
89
2 607,576 74
2,3rtu.26'<
Dec. 1903
Jan- 1904
Feb. 1904
Total
eous.
Earnings.
Operating
Expenses.
$
$
$
2.224 650 72
2.174 588 90
Jnly 1903
Aug. 1903
Nov. 1903
Mail.
Miscellan-
$
Passenger.
Freight.
2.33-i..'M7 17
2,336.24 8 41
59.327
50.907
56.654
69.530
73.296
86 158
61.046
58.707
25
85
37
75
58
84
00
70
75,8
59
80.607 28
77.333 08
64.694 24
U
814.007 53
TABLE
19,389
23,298
20,851
25,484
21.553
22,367
28,160
22,937
28,067
23.911
24,406
75,137
13
59
87
84
76
21
96
83
58
64
47
98
330,567 76
3,024,231
3.01^,938
3 125.344
3.413,902
3,085,347
3,186,464
3,068.285
3,113.928
3,246 6< 6
67
66
24
68
86
83
32
36
2,135,622 79
2.175.968 95
2.123.83=. 75
2,208.125
2 088.273
2.086.993
2.084,641
2.017.774
2.105.571
2,069.621
2.027.994
2,017,614
88
2.875^.281 08
2.858.813 00
2.923,648 15
36,943,792 73
95
65
91
29
73
85
86
99
55
Per Oent
Exp. to
Net
Earnings.
of
Earn'gi.
$
$888,603 8'
841.^69 71
1,002.008 49
1,205.7 6 73
997 .0"4 21
1,099,470
983,636
1.096.163
1,141 0x5
09.669
i-
9
03
6-1
03
2.
830 818 01
906 033 60
26,141,548 27 11.802,244 46
70-62
7210
67-94
64-68
67-68
65-50
67
64
64
71
94
80
85
88
70-94
69-01
68 05
No. VII.
TOTAL EARNINGS. OPERATING EXPENSES, AND NET.
Rkc apitulation.
Ptr Oent of
Gross Earnings.
Sources.
Operating
Expenses.
Gross Earnings.
20-690
.$7,643,695 63
Ma'l
2184
Express
2-203
•043
yet Earnings.
806,715 07
8 14.007 53
16,029 24
PasBAiiger
Train Privileges
.,
74-028
Freight..
Car detention, storage, etc..
Telegraph
-182
-014
-642
-008
•019
-001
-001
•001
•005
•075
•001
Rt-nt-i
Insurance
Swltchl- g at Nashville, etc ..
Swltcliinif at Cherry Cotton Mills
Weighing of cars, etc
Use of cars
Trackage.
Wliarfaie and Rtoraee
Use tracks Florala Branch
Welghint! mac hlnes
He per engine
9,280,437
27,348,816
67,192
5,172
200,283
2,943
6,884
402
214
363
Total.
577 60
511 02
142 56
$36,943,792 73
* Net earnings from operation of these works for the
Kxtraordinary Exi'enaes, Creosote Works, account fire.
fiscal
for.
No
Amounts.
Matntbnancb of Way and Structures—
....
2 Roartwav an'i t^^pk repairs
3 Cro'S ties— Renewals of
4 Ralls Renewal* of
5 Watchmen of tracks and bridges
6 BrldifC and culvert repairs.
7 Dnpot, repairs
8 Shop i)ulding repnlrs
9 Hectlon house repairs
10 Water station repairs
11 Dredglntf a' d rep Irs of docks and wharves
12 TelewrHph repairs
13 Stationery a"d printing
14 Extraordinary expenses
15 Improvements- Way and structures
16
Total
66
29
13
$25,141,548 27
$11,802,244 46
year ended June 30, 1904, amounted to $23,698 30, which was credited to
TABLE NO. VIII.
OPERATING EXPENSES.
Expended
$3,249,564
t,238,141
67,192
5.172
200.283
2,943
6,884
64
14
40
84
402 00
214 00
363 00
1,8?3 91
27,682 18
309 78
36 31
577 60
611 02
142 56
1,823
27,682 18
309 78
38 31
pay car
Creosote Works, West Pascagoula, Miss.'
1 Superintendence
64
14
40
84
00
00
00
91
100000
tolls
Hauling C. <*. 0.
6.030,872 81
19,110,675 46
13
•602
•001
Bridge
!To.
47
75
$82 439 66
65
95
353.65.S 94
2, 012. '44
61 6,824
106.874 «:
647, 30 64
137.186 53
97.2 '7 65
62. ()('."> 01
74:^77 97
30,468 59
3,37"> 74
4 582 9<»
1 59.99 < 23
1,292,396 57
$6,701,441 73
Maintenance op Equipment—
17 Superintendenre
18 Locomotive repairs
9 1 asseiiger car repairs
20 Freltiht car repairs
vj Sleeping cur repairs
22 Sh. pnia' hlnery and tools.
23 Station ry and printing
'
24 Improvements— Equipment
25
Amonnis.
$133 013 36
69
84
84
1,958.944
369,503
2.602 287
2,2 2
12
67,18163
12,n37 47
463,787 26
$5,599,028 10
Total
Conducting Transportation—
26 Snperln-endence
27 Conrtnctors, lia gngemen and brakemen
Kngineers and firemen.
29 Round house expenses
30 Fuel for Ifoomotlves,
31 Ci|l and wase for locomotives
3
Watersupply tor locomotives
33 Train expenses ..
34 H«ltchiiii n, flagmen and watchmen
35 Station agents and olerts
'2,-*
'
.
$375,36186
],7o3,0"4 21
75
07
58
3 '.515 62
133 148 80
6m.097 32
1,H".7 27.5
6 '0,7 20
2, 100,1.59
8'>8.688 31
645,111 14
J
THE CHRONICLE.
480
Station liibor (liaudllng) Freight
HtHlloii cxiU'iiMMH
T--lt-giiii)li t'xiienHeB
Hire "f loi'DinotiveB and oars
andsoUoltlng
."Sft
.•i8,3'24
and daiuagr— Stock killed
Stationery and prlulln«
73,013
43
203,218
53,-26
142,385
Law expen^PS
Stationery and printing for general offloes
58 Otlier general expeusea
59
66
2v9.511 72
.*13,0J4,5d4 80
Total
60
."iS
437,fi34 20
<.455
04
237,901 53
expenses
office
.^7
oi
f,»9:i57
210.527 16
verMone
$12
Insurmce
56
73,.'j,57
Total Operating Expenses
„
71
27
70
14
25
$836,543 04
168,4.'SH
L<) H
51
0.5
77
370. "66 92
86.5,l'i,'i
WreckB (clt-ariig)
LoHHHUd (tiiuiat;u liatrgaKe
LosH and damage— KreU lit
I,ii«« and daiuagft— Proiorty
ln)urlert to
52 Salaries of general olllr-ors
53 Salaries of <-l«rk« and attendants
5i KxpHUHeH general otUctirH, general
and Hupplios
SoH.-^ttTen
ftl,4.'3 21
4t,463
Amount.
A'o.
394 317 06
..
»leei)lii»; i-ar lilr©
81<-<>|'lll>.' C tr cxiionm-s
K«'iiiH (trHCHH, \ar'lMaiid toriulnals)
Actv«rU^llll{
Obnehal Expenses—
Animniig.
4M!S,3i9 26
V0't,04<ti9
Ko.
36
87
88
89
40
41
42
43
44
45
46
47
48
49
50
[Vol. Lxxix.
Total
TABLE
$25,141.548 27
No. IX.
PASSENGER AND FREIGHT
STATISTICS.
Totals and Avehaoes foh the Year 1903-1904 Oomparkd with the Prbviods Yeae.
Pereentagt of
Passenger
No.
1903-1901.
Traffie.
1902-1903.
No.
Itiereate.
Mlle»geof road operated
3
.
4..
5..
6
N
15..
16..
17..
18..
.mber of paHsengerc carried in each train
Number of passcniters Ciirrled in eaob car
Ear' ings from passenger trains
Expenses of passenger trains
Net earnings from passenger trains
Earnings per mlleof road
Expenses per mile of road
Net earnings per mile of road
Burnings per revenue train mile
Expenses per revenue train mile
Net earmui^s per levenue train mile
EarulnKS per car mile
19
Expenses per car mile
7..
8..
.
10..
11..
12..
13..
14
6,53 ,900
35,b38,735
4-83
8,647,469
36-39
314,681,892
42-44
12-25
$9,280,437 47
$6,030,872 81
$3,24 ',564 66
-
.
9
3,61819
(a)
(b)
Number of lies run by revenue trains
Number of miles ruu by cars
Number of of cars Id each train
Number of passengers carried
NumberoC miles eacU pissenger was carried....
Mumber of iiassen^ers carried one mite
1..
2..
.
.
Ne
(C)
$2 5o4 94
$1,666 »2
—
$89-< 12
125-159
81-334
cents
...cents
cents
cents
cents
43-8'^5
25--95
16-828
9-067
86-77
...cents
earnlniis per car mile
20..
21..
22..
23..
Earniats per passenger
Earnings per passenger per mile
Percentage of expenses to passenger earnings
24..
25..
Number of miles run by revenue trains
Number of miles run by mixed revenue
Number of milesran by cars, loaded
Cd^. cents
cents
2-3S
64-98
Decrease.
5 2126
3 438 93
6,237,141
33,926,473
4-7>'99
5-6365
493
20284
.
7,863,650
9 9676
292,288,632
42 46
12 06
$8,555,353 08
76614
$5.49i>.OM9 84
9- -502
$3,065,263 24
6-0126
3-1011
3720
.
2-1774
•0471
5755
1
8-4752
*2 487 79
$1.596 45
$s91 34
124-290
79-54
44-531
25-217
16-182
9-035
87-91
0T9
4-
•7607
•6992
1-9747
2-6''a7
3-;^921
•>
•••>
1^5854
.
-->•
--.
-3542
•
•
1^2968
•4219
1^2623
2-37
64-17
....
....
....
....
....
....
....
....
....
1
2
3
4
5
6
7
8
9
....10
....11
....12
....13
....14
....15
....16
....17
....18
....19
....20
....21
....22
....23
Freight Traffic.
26
.
Nuiiii er of miles
.
30..
31..
32..
33
Percen asjeof loaded-car mileage to total car mileage
Percentage of empty oar mileage to total car mileage
.
Number of tons carried
Number of tous carried one mile
Numher of miles esch tou was carried
Number of tons in each train
Numher of tons in eaish loaded car
Numher of tous in each loaded and empty
34..
35
36
.
.
37..
38..
39
.
.
4^..
43..
44..
45..
46..
47..
48
49
.
'
.
.
60..
51
car
Earnings from frBiaht revenue trains
Expenses of freight revenue trains
Net earnings from freigh revenue trains
Earnings per mile of road
Expenses per mile of road.
Net earnin«8 per miles of road
Earnings per revenue train mile
cents
Expenses per revenue train mile
..cents
cents
Net earnings p*r revenue train mile
Earninvs per car mile
cents
Expenses jier car mile
cents
cents
Net earnings per car mile
Earnings per ton
cents
Expenses per ton..
.......cents
Net earnings per ton
cents
Earnings pi r ton per mile
cents
Expeuses per ton per mile
cents
Net earnings pel ton per mile ...
cents
PerccLtage of expenses to freight earnings
Gross earnings per mdn of load— Pass., frt. and miso
Operating expenses per mile of road
Net earnings per mile of road
40..
41
879. -S?
198.677.641
93,389.538
292,067,179
13-44
run by cars, empty
Number of miles run by oira, loaded and empty
Number of cars loaded in each train
Number of cars empty in each train
Number of cars loaded and empty In eacli train...
27..
2^..
29
13,903.656
(e)
(e)
trains
.
52..
53..
54..
55..
66..
67..
68..
59..
60..
61..
6-32
19-76
68-02
31-98
21,429,278
3,460,354,603
161
234-08
17-42
11-85
$27.348,S16 75
$19,110 675
$8,23^.141
$7,558
$5,281
|2,276
If-
46
29
70
83
87
5 -005
129-277
55-72^
9-:-te4
6-543
2-821
127-624
89-180
38-444
-790
•552
•238
69-81
$10.210 57
$6,948 65
$3,2«1 92
14133
14.102,967
646.235
202.551.644
90 564.W11
293.116,455
13-73
36-0244
1^9126
3-1190
........
6-14
19-87
69-10
30-90
20,677.856
3,413,321,406
165
231-42
16^85
11^64
$26,578,620 57
$18,4>-0.722-0
$8,097.'S97
,
•3580
2^1122
2-9316
•5536
1^5629
3-4051
3-6339
1-3779
...
1^1494
2-42^
33-28
T8041
2-8978
3-4087
1-7318
97
$7,728 74
*5.373 97
$2,35 4 77
180-2'4
125-3'
54-904
9-068
6-305
2-763
128-536
89-374
39-162
•779
•542
•?37
f9-53
2^26oi
1^7146
3'30b2
2-6642
3-1-40
1-5008
3-2642
3-7748
2-0992
...48
....•••
18334
1-4121
1^8450
....51
....52
....53
....54
...55
....6«
•4\il9
...
• .
.
--.
•9447
•3125
2^2739
$10,308 iQ
$H,9T0 43
$3,337 83
....49
...60
•7095
•2171
•40^7
....24
....25
....26
....27
....28
....29
....80
....31
....32
....33
....34
....35
....36
....37
....3*
....39
....40
....41
....42
....43
....44
....45
....46
....47
57
... 58
...59
....60
....61
Mileage of road operated shows average length operated during each fiscal year.
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.
(ej Miles run by mixed revenue trains have been added to Freight Train Mileage in arriving at Results of Freight Traffic.
(aj
(b)
Richmond (Va
)
68,
p
Steel Spike & Iron Co.-ConRailway Equipment Co. above.— V,
SUnd»rd
trol - S'-B Contiuental
1''77.
Republic Iron & Steel Co.— Issue of Short-Term CollatPretident J. B. Forgan of the First National
eral Aoffs.
Bank, Chicago, mude on Wednetday thfi following announce
m^n': "The R>-ptiblic Iron & Steel Co. has coQ'pleted its
financial arraLgtmette, which have been ncdfr negotiation
for fotn« time, tir< ugh the Fir^^t N^itional Bank and First
Truct & Savings Bank, both of CnicBgo. The company will
iBsue- $10,000,000 fiiBt mortgage bonds, protected by sinking
fond, which will foim collateral secnriy for a loan of
$7,(0 1.000 on its two and three-year notes. The bonds will
—
be deposited for the benefit of these notes wi»h the First
Trn^t & Savings Bank, which icptitniion will also be
trustee under the mortgage. A euflacient amount of the
notes has already been E>old to take care of the fi lating de^t
and provide for all present rfquiremente. The balance will
be placed when and as the company requires money. There
will be
no public eubpcription.
It
has not yet been deter-
mined whether the bonds will ultimately be sold or the notes
liquidated from the earcin^a of the company, which, with
revival of the steel bupiness, promisf^s to be large."
The notes are dated Ojt. l,19iH and mnturpon^'-half on
Oct. 1, 1906, and the remainder on Oct. 1. 1907; interest, 5
per cent per annum, payable qnartt^rly. They will be issued
onlv as the companv needs the money. The amount already
sold, about |6,0()0 000, w«s taben on a bapis to yield the purchaser approximately S^g p. c. interest, the difif-*rence between P?8 p. c. and 6 p c. representir g the bankers' commisCjuslderlng the high rafes that other industrial comsion.
panies have had to pay for s' ort-time loans. It is considered
remarkable that this loan shoul * have been negotiated on a
Since its organization the company has ex6 p. c. basis.
pended over $6,000,000 for entirely new construction, etc.,
Including tbe Inrge new steel plant and continuous mills at
Youngstown, Ohio, addi ional coke ovens, ore and coal propThe proceeds of the notes will provide for the
erties, etc.
)
Oct.
8,
THE CHRONICLE.
1904.1
of the floating debt fo incnrred and for future capirfqairemen^s, among which is the cost of the works about
to be built at Ycungstown for the manufacture of sheet and
tin plate bars, using the product of the new steel plant.
Compare report of Jnce 30, 1903, in V. 77, p. 848.— V. 79, p.
payment
tal
^JUt
1481
&^ommtxcml
"^imts.
COMMERCIAL EPITOMS
Friday Night, Oatober
7,
1904.
A favorable condition of
1026, 685.
Sierra Madre Land & Lumber Co,— New Enterprise.—
This company was incorporated in Connecticut on Sept. 27
with $15,000,000 of authorized capital etock. It has authority to deal in timber lands and lumber, make paper,
own and operate railroads and do a general business in merchandise. The nonaiaal oflSce is at Stamford. Conn., but the
organization's cfrtlficate was executed in Brooklyn, N. Y,
and the company is supposed to be intended to manage the
lumber end of the plan, if not to control the entire enterprise
mentirnpd above under the heading "Rio Grande Sierra
Madre & Paciflo Railway above. IncoroofHtors Clarence C.
Chase, Norton Chase, John H. Martin and Egbert J. Gates.
business has been experienced in
most lines. The reports from the pig iron market the past
week have shown the most pronounced improvement. Bayers have been operating with increased freedi m, and an
advance in prices, psrticularly for Southern grades, has been
es'ablished. The unsettled market for cotton has had a
tendency to hold buyers in cheek in the dry goods trade, but
with many manufacturers well sold ahead there has been no
pressure upon the market. In the refined sugar market an
unexpected cut in prices has been made, generally believed
to be the result of the encroachment by new refining interests.
:
Union Tjpewriter Co.— New Stock.— &.11 the company's
shareholders of record on Sept. 30 are offered the privilege of
subscribing on or before O^t. 15 at 102 for |1,000,000 of the
$1,985,000 8 per cent second preferred treasury stock, viz
Holders of 16 shares or lees may enbeorlbe for one share of new
stoek; holders of 16 to 35 shares, two shares; holders of 36 to 55
shares, three shares, and holders of 56 shares and over may subscribe
for one share for each of elifhteen of their present holding". No frac:
tional shares In the allotment are recognized.— V. 78, p. 1171.
tea
L»rd
robacoo, domestio
hhds
Ooffee, Brazil
bags.
^ffe«, Java,
mats
<Sko
bags.
Ooffee, other
3agaT.......... ............ hhds
...bags, Ac
!ugar....
Tar............
Sice, E. I
Bice, domestio
p. 2606.
Manila hemp...
Siilt Co.,
....bbls
bags
bbls.
bags
bags
UnsMd....
Saltpetre
6,731
1,596
2,479,301
6,100
2,261
a,706,«32
111,809
427.-96
hhds
Molaseea, foreign
No.
aides
bales
Ootton.
............. ..bbls,
Sosln....
bbls.
Spirits tarpentlne.....
CleTel«nd,01ilo.— Assess fl'oW.— The company's assets were sold on Ojt. 1, by order of the court, to O.
C. Baiber of Akron, O., for $105,000.— V. 79, p. 686.
United States Realty & Constraction Co.— Dissolution.See United States Realty & Improvement Co. below.— V. 78,
United
Sept 1,
1904,
October 1,
1904,
8loek$ of MerehandUt.
bales.
bales.
bales.
117,266
419,604
None,
None.
149,605
None.
12,600
12.^,467
None.
21,9C0
25,819
29,127
81 ,204
29,078
October I,
1903,
6.266
4,740
1,860,426
140,372
259.143
None.
205.888
None.
25,000
109,271
17,720
1,51
955
722
1,682
1,000
10,000
None.
1,637
2.289
2,614
2,402
l.loO
1&,000
1,875
1.700
9,000
None,
1,250
2,7 b5
2.207
None.
54,a00
None.
130
4,756
2.141
United States Really & Improyement Co.— Dissolution of Sisal hemp
None.
None,
lute batta
Predecessor Ccmpnny.—ThiB oompaiy's predecessor, the Blonr
90.400
86,400
bbls. and sacks
United ^tatfs R-alty & Construction Co,, has called a meeting of its shartholders for Nov. 4 to vote on dieaolntion.— V.
Lard on the spot has been in moderate demand, and as
79, p. 1834, 969.
offerings have been limited, owing to light stocks, prices
United States Rnbber Co.— Divicfend— .Earnings.— The have advanced. The close was easier at 8'20c. for prime
directors on Oct. 6 declared the second quarterly dividend of Western and 7 -750. for prims city. Refined lard has been
IJ^ p. c. on tht^ preferred stock from the net earnings of the held at higher prices; bu'fiaess has been modera'ely active.
fiscal year beginning April 1, 1904. payable Dec. 15 to stockThe close was weaker at 8'40o. for refined for the Continent.
holders of record Nov. 30. They also gave out the following Speculation in lard for future delivery has been moierately
statement of earrings for the quarters ending June 30 and active, and on the light offerings and reports of a fair cash
Sept. 30, 19C4 (September partly estimated) and the half- demand, prices have advanced. Market closed easier.
year ending June 30, 1904
OA2LT OLraiKO PHIOBB 0» i.A.UV #nTUBBII IH OHIOAOO.
PROFITS FOB QUARTER AHD HALF-TEAK,
fufit.
frx
HoA.
(tat
WtA.
tKurt.
7-67i«
7-60
7-70
7-60
7-70
780
Quarter eniilns: Jntie 30
$866,510 Oot. del'y
7-47i«
7-67ifl
7'67ifl
760
75213
7 60
Quarter ending Sept. 30 (8ept. partly estimated)
1,189,431 Jan.del'y
7-72i«
7-65
7-62ifl
765
Iftl^
May del'y
Total profits for half-yepr (Sept., 1904, est
$2,055,941
Pork has had a fair sale in the Iccal market and there ha
Two quarterly dividends, 1^% each, on preferred Btcok...(3%) 705,766
been a slight advance in prices, closing at $13 25@13 75 for
Balance, surplus
$1,850,176 mess. Cnt meals have had a moderate jobbing sale at steady
The estimated earnings for the quarter ending June 30, prices, Tallow has been quiet but steady at 4^^(S4%^c. Cotthe actual earnings, as above, were ton-eeed oil has been in moderate demand and steady at
1004, were $834.888
Butter has been quiet and
80@3( 3^c. lor prime yellow.
$866,510.-V. 79, p. 159.
United States Steel Corporation.— Estimate of Quartet's slightly eaeier. Cheese bas advanced, but the close was
Earnii»gs.—A "eemi-offlcial" estimate of the earnings for the quiet. Freeh eggs in better supply and slightly easier.
Brazil grades of coffee have dragged. Demand has been of
quarter ending Sept. 30 reports them as amounting to about
listlees character and with tbe large supplies in sight for
$18,800,000, contrastine with $19,940,725 for tbe preceding a
close was
quarter and with $32,422,956 for the same quarter in 1903. this country, there has been an easier tone. The
Former estimates of ibis kind have proved remarkably close dull at e^@8i^c. for No. 7 and 8 ll-16c. for Santos No. 4.
West. India growths have been quiet but prices have not
to the actual results.— V. 79, p. 1283, 969.
changed from 9% to ^%c. for good Cucuta and llj^c. for
White Knob Copper Co.— Default - Receivers —Det&\xltwaB giod average Bogota, Speculation in the market for conmade Oct. 1 on the interest payments on the 6 p c. 1st mort- irac's has been moderately acive, and under long liquidagage bonds. Subsequently Vice-President W. K. Matht^ws, tion, prompted by bearish statistical developments, prices
of the Stock Exchange firm of Mathews & Co., and General
h^ve declined. The close was quiet.
Manager N. H, Clark, were appointed receivers for the comThe following are the olosing asked prices:
pany by the Idaho court, tbe mines being at Mackay, Idaho.
6-600. Jan
Oct. .—^
6900. June
7'3,'^o.
The company has outstanding $1,600,000 stock, par value $10, Nov
7*40p.
6'70o. March....
7-10o. July
and $1,000,000 first mortgage bond?, and a floating debt of Deo
6800. May.......^... 7*26o. Sept
7-55o.
about $275,000, part of which is secured by first mortgage
Raw sugars have had a limited sale, but the close was dull
bonds in the Treasury.— V. 79, p. 160, 108.
at 4J4^@4 5-iec. for centrifugals, 96-deg. test, and S^^c. for
Wyoming it Cbttarangns Water Supply Co., Arcade, N. Y. mrcovado, 89-deg. test. Refined sugar has had an unex—Sate.— The property is to be solo under foreclosure on Oot. pected d cline, closing quiet at 4 95c. for granulated. Rice
28.
Company organ zed in 1896 with $40,000 stock author- has been in fair demaud.
Kentucky tobacco has been quiet locally, but interior adized.
B. B. Conable, Batavia, N. Y., is receiver.
vices have reported demand tairly active and prices firm.
Bueiuess the past week in the market for seed-leaf tobacco
-Messrs. Jones, Caesar & Co., Certified Public Accountbas been limited, the only sales of importance reported being;
ants. 54 William Street, announce a change in name to Jones,
a few hundred oases of 1902 Wisconsin selections at 16c.
Caeear, Dickinson, Wllmot & Co. The firm's membership
Sumatra tobacco bas been quiet but steady. Havana towill remain unchanged, the present partners being
Arthur bacco has been in better demand ar d firm.
Lowes Dickinson, M. A., F. C. A., C. P. A.; H. W. Wilmot,
Straits tin has been sparingly offered, reflecting limited
A, C. A,, C. P. A.; C. J. Marr, C. P. A and George O. May.
stocks and firmer foreign advice^^; prices have advanced,
A. C. A., C. P. A., and associated with them as managers cloeicg steady at 28 3'
@28"40c. Ingot copper has been in
Edward Stanley, C. P. A,, and George R. Webster, active export demand and trices have advanced, closing at
are
A. The firm's professional interests extend 13@l?i^c. for Late
C. A., C. P.
and 12%@13. for electrolytic. Lead has
throughout this country and Europe. The concern was or- been firm at 4 2'@4*30c. bt*elter has been unchanged and
Eanized in 189i», and hai oflicee in New York, Chicago, St. 8te»dy at 5'l(@B'20c. Pig iron has been fairly active at
lonjs, Pittsburgh, London, England, and Melbourne, Ausadvancing pncfs, doping at $14 2C@14 50 for No. 2 Northern
tralia.
and $13 75 tor No. 2 Southern.
—The firm of Hooley, Lenrnard & Co. has been formed by
Rf fined petroleum for export has been firm, closing at
Edwin S, Hcoley, George E Learnard and Frank E. Brnm- 7'9,')C. in bbls,, 10 G5(i. in cases and 5 05o. in bulk. Naphtha
ley to succeed to the business of Edwin 8. Hookey & Co, Mr. has been steady at \\%c. for 71 degrees and 12c. for 76 deBrumley being the B.)ard member.
Mr. Learnard was grees.
Credit balances have been firm, closing at 1 '660.
:
;
I
1
I
:
,
:
,
formerly with the firm of Paine, Webber & Co, Tbe New
will contitue at 15 Broad St. and the Boston
address will be at 20 Congress St., the two ofiioes being ccnnected by private wire.
York ofSce
i-'pirifs
turrentlne has been quiet but steady, clofing at
Rosins closed firmer wt |2 85 for common and good
Wool hue been in limited Bupply and fit m. Hops
58@5flj^c.
etraineo.
have been in
fair
demand and
firm.
'
.
—
.
.
THE CHRONICLE.
1482
COTTON.
Fbidat Nioht, October
7,
1904.
Thb Movement op the Cbop aa Indicated by our telegrame
from the South to-night la given below. For the week ending
this evening the total receipts have reached 401,721 baits,
against 438,253 bales last week and 28'J,148 bales the previous
week, inaKiug the total r»'<f>iptB since the Ist of Sept., 1904,
1,4)2,422 bales, against 953,352 bales for the same period of
1908, showing an in -.rease since Sept. 1, 1904, of 619,070 bales,
at—
Beeeipli
Mon.
Bat.
Tuu.
I
I
Wed.
\
Thur:
TotcU.
Jfri.
\
Ao
30
Oct. 7.
tceek.
12,693
522
P'saoolu, &o.
Bavannah.
.
Br'wlok. Ac.
Charleston.
P. Royal, &o.
Wilmington.
Wash'n, &o.
Norfolk
N'portN.,&c
New York..
Boston
Baltimore.
Pklladel.&o
88.291
6,073
21,088
2
26,522
12
39,739
Galyes'n,
<bo.
Orleans
Mobile
Bavannah...
Okas'ton,
fte.
Wllm'ton Ac
Norfolk
N. News. Ao.
11
Tot
others...
this
wk.
3,000
3,."
1,200
"soo
2'6d6
13,000
.
4",4«*8
s'.ooo
i'.boo
7,000
00
3,000
1,200
12.700
3 .639
66.366
60.700
3.500
2.9U0
18.700
8.000
23.000
63.264
43,UJ
67,2b7
15.835
16.2<!ft
9.335
36.«02
17,189
67,918 30,550 49,341 25,188 24.808 197.805|
268,779
80.007 22,412'48.578 2S,P03 22 376 202 676'
76,122 20,197,60,238 23,268 11,030 190 855
245,226
315,968
Specniation in cotton for fu'ure delivery has been active.
47,39J' 63,102 401.721
Stock.
Since Sep.
1, 1903.
1904.
1903.
dicating a record-breaking crop; consequently there deveU
oped considerable pressure to sell, bear interests being aggressive, and there was free selling to liquidate long contracts.
Prices yielded until D-'cember delivery touched
9'75c.,
and
the
spot
month October sold down
ro
Southern
9 63o.
advices
reported
that
at
the
decline in prices spinners came into the market as free buy*
aod the improved demand for actual cotton had a steadying ufluence upon the Southern spot market. Taere also
were advices received from the South stating that at the
lower prices planters were showing a disposition to hold cottm. These reports started a buying movement for the account of shorts to cover contracts, and there also developed
considerable speculative investment buying, on the theory
that after the break in prices the past few weeks of over one
c-nr, per pound, a rally in prices was in order.
To day there
was a moderately active and firmer market. Liverpool
advices came better than expected aod the amount of cotton
in sight for the week, while large, did not reach the figures
expected by many. The close was very steady at a net gain
for the day of 14@17 points.
Cotton on the apot has declined, but the close was steadier at 10'45c. for middling
ers
560,-.i22
104.050
314,907
109,488
106,229
4,269
194,245
44,381
6,540
383,678
1,U8
3,077
142,636
30,829
3,650
93,893
19,125
92,345
231,242
117,967
U,125
8,891
19,335
59.565
3,405
5,187
27,858
82,652
upl-iode.
74,854
668
22,095
11,568
44,492
1,342
105,768
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
o. 1-30 on
Good Middling Tinged c. Even
61,199
9,544
71,835
2
81,386
55
99,753
69.880
5,261
14,260
158
25,360
15
26.259
93
550
143
56
187
162
450
784
276
23,b9c>
48,472
18,l;iO
155
87,771
75
148
111
896
465
739
953,352
at—
New
9.940
8.V48
3,000
The feature has been the monthly report of the Agricultural
Bureau, which was issued on the 8d inst,, and made the average condition of the crop 75'8, which was somewaat higher
'han expected. This report was generally interpreted as In-
578
9,00.
1.530
1,616
2,427
466.584
447,90<i
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Beceipti
9,374 6,740 4,«8''
24,744 18,310 10.656
i7,eoo 5,500 21,600
tloek.
loial.
xcite.
Total 1903..
Total 1903..
401.721 1,472,422 307,501
Totals
Ooa$t-
many. For'gn
1,791
QalveBton... 135,302
3,148
Pt Ar.,&o.
JS&w Orleans 68.831
MobUe
week.
..
Other
Ger-
|
Total 1904..
1903.
TMt
Since Sep.
1, 1904.
Wew Orleans.
QalvBston.. ..
Other ports
50
1904.
Great
__,
Britain "" "*^
r»orfolk
The tolluwlng shows the week's total receipts, the total ainot
Septi 1, 19C4, and the stocks to-nlghfc, compared with last year.
TKU
Leaving
7 at-
Hew York
week 71,544 70,437 90.236 59.003
BeceiptM to
OM SiUHBOUlD, NOr CLEXaSO FOB —
Oct.
ObarleBton...
Mobile
.
Tot. this
[Vol. Lixix.
In addition to above exports, our telegrams to-night aliio
give UH the following amounts of cotton on shpboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for oar special u»e by
Messrs. Lambert & Barrows, Produce Exchange Building.
Savannah..
QalTeston
2e),172 18,632 85.578
Pt.Arthur,&o
9,754 12,821 17,910
New Orleane.
3,564 3.290 1,271
Mobile
Pensaoola, Ac.
15,459 13.513 22,966
Bavannah
BrauBw'k, &o
ObarleBton.. .. 3,324 8.093
1,683
Pt. Royal, Ac.
6,160 7.042 1,966
Wllmlnffton
Waah'ton.&o.
5.075 6,997 8,862
Norfolk
H'p'tNewe,*o.
Ne-w York.
6
Boston
Baltimore
Fhlladelp'a,
.
.
.
1904.
138.450
68 831
12,693
88.291
21,090
26,534
39,739
93
6,000
1903.
lt-5,168
51,199
9,544
69.880
14,413
25,375
26,259
143
6,620
1902.
1901.
92.068
68.925
92921
9,861
56.059
10.205
28,592
19,661
463
11,366
64,772
63,493 119,719
7,098
7,605
60,278
56,519
10,517
14,376
21.791
20,583
12,070
26,634
212
9,870
401721 307.601 396.200 280.9U1
Blnoe Sept. 1 1472,412
1900.
978
20,566
3:^9,121
953,353 1327,145 868.426 122d
9tf5
1899.
90.1^59
•73,7.9
7,5oe
35.1^4
13.871
9,265
13.49b
64^
13,43H
257,9JT
128^ 3U8
for the week ending this evening reach a total
of 298,023 bales, of which 191,547 were to Great Britain 22,993
Below
to France and 83,483 to the rest of the Continent,
are the exports for the week and since Sept. 1. 1904.
The exports
. .
Middling Fair...
Good Middling
Good Middling
Strloi Low Middling
Low Middling
Strict Good Ordinary
Strict
096 on
Strict Mlddlii g Tinged....
06
0-6^ on
0-44 on
Mlddlmif Tinged.
Strict Low Mid. Tinged
Low Middling ringed
34
014
038
72
12
off
off
off
off
.
...
050
Strict Good Ord. Tinged
Middling Stained
84
.
050
off
off
off
off
off
off
off
off
1-00
Good Ordinary
Strict Low Mid Stained... 1 06
Strict Good Mid. Tinged.. 0-30 on Low Middling t*tained.
1-50
On this basis the official prices for a few of the grades for
the past week Oct. 1 to Oct. 7— would be as follows.
—
Sat.
UPLANDS.
jJood Ordinary...........^....
Low Middling
930
1012
iood Middling
lo'94 10-74 10-74
11-46 11-26 1126
Addling Fair
GULF.
Sat.
(iood Ordinary.................
LOW Middling
Middling
Middling
10 37 in 17
10 5 10 RS
11-71
STAINED.
Sat.
Low Middling
9 00
10*00
..."
Th.
;
Frl.
9-85
9 70
9 70
e-56
10-17 10-47 llo 32 10 32
1
10-85 10 70 10 70
li'/9 1114 11-14
11-51 11-81 11-66 11-66
lil9 lu99 lu99
Vliddllng Fair
Middling.
9-55
9 45
1007
10-0 10 45 10 45
ii04 lu 89 lu-89
1156 1141 1141
Mon Tues Wed
9-75
Frl.
9-60
9 30
9 45
9-92 10-22 10 07
3 92
10 60 10 30 in 30
vriddllng
Gl^ood
Mon Taes Wed, Tb.
9-50
.181
Mon Toes Wed
8 80
9-80
Low
8-80 910
9 80 10-10
Th. Frt.
8-95
9-95
8-95
9-95
Strict
Middling Tinged... 1016 996 996 10 2« 10 11 10-11
Good Middling Tinged
lO-.^O 10-30 10-30 10 60 1045 10-45
for middling upland at New York on
of the past 32 years have been as follows.
1896. ...o. 8
1888 ...C.lOSiB 1880....c.ll>4
1979
107,8
1895
9»«
1887
»7i8
6i4
I'llg
18;»4
1878.
1886
97ie
llB,g
1877
1893
838
1885
101,6
I9ii0
IO-'b
1892
1876
lO-'e
1884
101,8
81,6
1338
1875
l>-99
1891
a%
1883
76i«
10»,a
15i«
57 a
ll»8
1874
1898
1890
1038
1882.
ei>8
ls%
1897
1889
1873.
1881.
11\
10^
NoTB.—On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new classlflcation Middling was on that day qnoted
*eo. lower than Middling of the old oUhsUI cation.
MARKET AND SALES.
The quotations
Oct. 7 for each
1904....C.10 45
»-eo
1903
8-85
1 02
»38
IHOl
Spot Market
Olosbd.
Saturday
Quiet.10pts.de.
vionday.... wulei. 20 pts. do
Taesday
Qoiet
Wtfdnesday ijiuet. 15pts. dc.
Thursday., Quiet, 15 pts. do
rrlday
wuiet
.
. .
Total
Fdturks
MAKlvb.T
Clobbd.
Easy
Sales of Spot
Oontract.
£x-
Oon-
Con-
port,
sump,
tract,
Total.
100
100
2,800
oi*-»dy
-*te»dy
Ka«y
Easy
Vrry steady.
<fe
2,800
00
400
1,100
1.100
600
695
4
95
100
l,7tO
1,800
6flno
6,S95
«
1
Oct.
THE CHRONICLE.
1904.]
8.
>
OD
At the Interior Towns
New
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The above totals show that the interior stocks have increased during the week 66,549 bales, and are to-night 1 '.JO, 269
bales more than same period last year. The receipts at all the
towns have been 71,y84 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 7 and since Sept. 1 in the last two years are as follows.
We
1904.
October 7.
1903.
Since
Week.
Sept. 1.
Week.
Sine*
Sept. 1.
—
Shipped
Via St, Louis
Via Cairo
Via Roik Island
via Loul8vllle
Via Cincinnati
Via other roates, &c....
50
687
423
983
1,489
6,580
10,473
30,176
6,214
16,744
40,5
1,510
259
23
129
3,334
569
3,891
139
5,585
527
Ac.
520
Total to be deducted
28
948
4,973
856
9,615
9,525
Leaving total net overland^..
Including
"276
2,463
2,787
l,40i
8,352
i",386
Between interior towns
Ac, from South
..baias.
4.410
3,528
750
Inland,
Manenester stock.
2,233
2,299
11,088
5,791
3,280
2,817
Total ^088 overland
Deduct shipments—
Overland to N. Y„ Boston,
Am«r«san—
90.000
53,000 175,000 109,000
6 000
11,784
OontlneBtal stooa*...^^ ..>._
83,000
70,000 111,000
96.OO0
Amerleaa afloat tor Burope... 694.000 382,000 546,000 S79 000
United Statfs stock
466,584 447.902 506.824 439,551
United States Interior stocks. 265.160 135,891 3(i5.378 328,271
United Statevexports to-day.
46,722
24,725
40,178
47.139
3:oiai Amenoan...... ...^ 1,650,466 1,125 302 1,684,380 1,398.961
MatX Indian, Bra.t\l, 4kt.—
Idrerpool *<w<fc
49,000
74,000
.._«
S3.000
61,000
London utonk.
17,000
22,000
16,000
7,000
Manchester stock
4,000
1.000
'60,20("
OontineuMk. si.uoA8..„ -^. -...
'42,006
87.000
73.000
India afloat for Europe . .._
8,000
36,000
20.000
17. OOO
gTPt. Brasll. Ac, afloat. ..... 47,000
24,000
45,000
37.001
Btaen In Alexandria, Egypt...
61.000
36.000
55.000
64,000
Btaekln Bombay, Indla..._ 340000 242.000 218 000 222,00<
Total Bast lodia. *o. _
613000 508,000 449,000 ~45H,20n
Total American......^.. 1,650 466 1,125 ,302 l,e8i,'380 1,398 981
Total risible Bopply
2,163 466 1,633,H02 27r53,'»80 1^5"'. 16
Wddllng Upland, Liverpool.
5-6^d.
6 80d.
43i.o(l
4-78d.
""
"tOddUns Upland, New fork.. 10 45e,
" "
9-600.
8-850.
'STPtOood Brown, Liverpool
8iiad.
63„d.
89|„d.
70j6d.
Fern?. BonghOood, Liverpool llOud,
9 00d
7ii«<l
7d.
Broaeta nne, Liverpool
6i3i..d
4>igd
57,8(1.
4^(1.
Tlnn*v«)iv onort i,i»«rT>'><' ...
6i,«d.
6Bied
41732i.
425.,2i.
|^~ CJontinental Imports past week have been ii 010 bai^e.
The above figures for 19(>4 show 6n infreafle over last weeh
of 835,255 bales. - gain >' 680,184 bales over 1903, an iocrea«e of
10,086 bales over 190a and a gain of 806,305 bales over 1901.
mm
m to ^3 to i^if^
cocao
?i
OCOcOCO » if»c;>cOMXCOQO
M«j|fkcooi»aoo»tcwococcocj>tooico»too'CX30Diocc<io>iBaoi»ODCO CO*
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1904.
1903.
1902.
1901.
Stock at uiTcrpooi
.bftiet. 13^.000
127.000 328.000 170,00(
Btook at r.nii<init
22,000
17,000
16,000
7,00C
Stock at tf anotaABt«r.
9.000
12,784
Total Great Britain stock.' 165.000 161,784 244,000 177,000
Stock at Haiiiouig...^_^._
33 000
33 000
14 000
18.000
Stock at Bremen ..„ ...-..—
71,000
55,000
64,000
54,000
Stock at Ajitwerp ....... ...„.
4 000
4.000
5 000
2,000
Stock at HaTre..«. —« ^^ ^^
30000
24,000
28 000
87,00t
Stock at MarBellleB...,^
8.000
8 000
3 000
8.000
Stock at 8aroelon»....„..^„
8,000
9,000
18,000
16,000
Stock at 9enoa..^
12.000
6,000
_,
14,000
6,000
Stock at ry<«Miti> ...... .......^
9000
9 000
7,000
10,200
Total Oontinental Btocks..' 170,000
143,000 153,000 146.200
"
Total Earopean etooks
335 000 304.784 397,000 323. 20C
India cotton tuu^iioi auiope
8.000
36,000
20.000
17,000
Amer. cotton »flofttfor E'rope. 694.000 382,000 546.000 373,000
Egypt, Brazll.Ae., %flt.;or E'pe
47.000
24 000
45,000
37.000
Stock In Alexandria, Egypt...
61.000
36.000
55.000
64.000
Stock In Bombay, India
240.000 242.000 218.000 22^,0O'
Stock In U cited, states ports.. 4fl6,?i84 447.902 506,824 439.551
Stock In Q. 8. interior towns.. 265 160 135,891
805.378 328 271
United States 'xpoFtnto-'lay.
4H.722
24.725
40,178
47.139
Total lalble supply
2.163,4ti6 1,633,302 2,133,8d0 1,867,161
Ot Uie aovve, totais ol American and otner desorlpuona are as loiiow s:
IdTerpool stoek...
B
ff
ceo
COM
1
00
00
1
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i?
The VniBLE Supply of Cotton to-night, as made np by
cable and telegrapd, is as follows, Foreign stocbs, as well
as the afloat, are this week's returns, and coneeqaently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Oct. 7), we add the item of exports from the United States,
including in it the exports of Friday only.
,
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©o ® OO ff
OO
MIO M
ff M OiOl ©©
©O o©
QDO 0»
coco
o
«
«
9
d
•
d t-tf
^t-'
M d MM
©O ® oo M ©o ff
©©
o,
^ilk
M
MCO M
©CO ©M
©CO a>
ex
M
AO Mcn
MM M
MM ff
ft-'
M
OO ® o© ® o© o©
COM M
MM mI MO M©
eets
M
CO 00
MOO
1
1
coco
coco
^-'^^
>-^
o
D
an
oS
h-
c«o
©00
MOO
1
'
Id
]
d
M)—
1
1
II
II
1
00 en
9
*••>-'
d
^^
M>-*
l«
CO VI
1
>^>-^
II
II
o«o
oeo
OS
MW
«
«
•
M
M•
oo ® OO ®
MM M
CO o'
ecw o
00 00
CO
«
II
II
M
o,
6'
9
oeo
H«)
II
11
1
e»
» « » 5 f p_iN
c"S ts 2 * "o
2.PP
OB oo (^
1
I
COCO
coco
MM M
CO
6m Si
cw 00
'
M
II
II
1
1
1
o
}^l^
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II
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3)KK
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Ni.
1
movement— that
the
since Sept.
—
sfssrssrssfgs??
li'ii'irii'ii
t^t-'
II
week and
week and the stocks to-night, and the same items for the
corresponding period of 1903 is set out in detail below.
aPi-iaPCIggg
p • P*
1
483
25,203
5,358
7,129
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 9, .'525 bales, against 5,358 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits an iocrease over a year ago of
Takings.
Week.
bales.
1903.
1904.
In Sight and Bpinnert'
l«,tt74
Since
Sept. 1.
Week.
Since
Sept. 1.
.
.
Recelptp at ports to Oct. 7
Net ovdrland to Oct. 7
Southern coneumption Oct. 7
sight during week. 618,795
1,892.625
Total In sight Got. 7
North, spinners' tak'gs to Oct. 7..
Movement
Week—
902 Oct 10
1901-Oot. 11
1900 Oct 12
1
1899- Oct 13
963,352
7,129
202,000
452,246 1,6>'9.625 853. 8*9 1,162.481
66,649 202,900 30009 124.289
Total marketed
Interior stocks In excess
Came Into
401.721 1,472,422 307,501
.'1,35''
9,5.^5
25,203
41,000 192,0oO 41,000
60,625
1,286,770
167 643
167.891
into sight in previous years.
—
Bale*
Since Sept.
404.733
399.201
474.7^7
414.363
1902- Oct 10
1
IPOl-Oot 11
1800-Oot 12
18B9-Oot 13
Bale:
1.863,178
1,317,628
1.733.818
1.866,774
a
.
14M
THE CHRONICLE.
Quotations pou Middunq CSott "»n at Other Maekets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
_.
..
.
Oflober
CLOSING QUOTATIONS FOR MIDDLING COTTON ON —
!
7.
Monday. Ttutday. Wed'day. Thurtd'y Friday.
Sat'day.
Galveston...
New Orleans
Mobile ....
Savannah...
Oharlenton
9\
9^
IS'-
9\
9=%
9^
9%
WllmliK^oii.
911, fl
BoHton
Memphis....
lOk
10 50
10-25
10 53
938
10
Louis
10>«
lOifl
Baltimore...
Pbiladelph'a
lOflO
10-50
10-75
9i3,e
AuffiiBta.
St.
EouNton ..
UttleRook.
97,8
9B,e«^
9H,
91^,6
Norfolk
9^
9%
10
9%
916,8
9iBia
9iBie
9'8
941
9»>1«
9««
8"l«
911,,
9\
9%
911.8
ib
10 60
10 12
io-:o
"b'-Je"
1030
10-30
10
10-85
10
10-55
908
Ki3,e
10
10
fi'^ie
10 1«
10
934
10
10
916,8
938
9i5ie
914
9%
|10
10
978
913,
9»e
id""
1045
1026
10 70
916,8
10
10
10
9S8
The
closing quotations to-day (Friday) at other important
Southern markets were as follows.
10i«
Atlanta.
9'8
Louisville
Natchez
9%
9ia
Oolumbus, Qa.
Montgomery
9 ^b
Raleigh
91*
Oolumbus.Miss 9%
Nashville
10
Shreveport
9iSia
.
. .
New Orleans Option Market.— The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Monday, Tue$day, Wtd'day,\ Thur$d'y Fnday,
Sat'day,
Oct. 1.
Oct. 3.
Oct. 4.
Oct. 5.
I
I
Oct. 6.
Vet. 7.
—
OCTOB'
Range
..
Closing..
Dbc'bee—
Range
.
Memphvi,
rcnne.s8ec.— Weather fine for picking, which
progress. There ha9 been rain on two days the
past week, the precipitation reaching thirty-one hundredtba
of an inch. The thermometer has averaged 71, the highest
being 93 and the lowest 56-8.
Nashville. Tennesaee.— It has rained during the week, the
rainfall being twelve hundredths of an Inch.
The thermometer ha? averaged 67, ranging from 48 to 85,
Mobile, Alabama. —The weather has been fair and warm in
the interior, with scattered showers latter part of the week.
Picking makes excellent progre?B, but the movement by
makes good
water is considerably checked by low water in the rivers.
We have had rain on one day during the week, tae rainfall
being fourteen hundredths of an Inch. The thermometer
has ranged from 66 to 95. averaging 81.
Selma, Alabama.— A good many fields look like November,
With fifteen days' good weather all cotton will be in. Some
gins are now running on shorter time.
We have had a trace
of rain on one day of the week. The thermometer has averaged 88, the highest being 95 and the lowest 70.
Montgomery, Alabama. The season for picking and housing crops has been exceptionally fine. There has been no
rain during the week. Average thermameter 79, highest 97,
—
9-75-01
980--91
9-71--73
9-89--90
9-93 •03
9 67--90 958--84 9-8»-07
973--74 9-83--84 10-02--03
9 83- •13
Madison, Florida.— There has been no rain the past week.
990 0> The thermometer has averaged 75, ranging from 60 to 90,
Savannah, Georgia. It has rained on one day during the
9-75--99' 9-67- •93
9-81--82 9-91- •92
9-02- •22! 9-99--15
9-49--73
9-72--73
March—
10-ia--29 905--18
Closing.. 10-25--26|1001--02
..
May-
986-10
1011-12
9*98- 16
1011-
12;
992- •9310-11-12
10-17--34 10-12--42 10-21--35
10-29--30,1012--13jl0-32--33
Range.. 10-29--38 10-11--28 10-00--20 10-32--45|l0-23--51 10-33--48
1013-14 10-23
,10 41-42 10-25-26 10 44- 45
Tone—
Steady.
Quiet.
Quiet.
B'rly et'y
Firm.
Steady.
steady.
Steady.
Steady.
Steady.
Firm.
Steady.
Weather Reports by Telegraph.— Advices to us by telegraph from the Sjuth this evening indicate that the weather
has been very favorable for out-door work during the week
in almost all localities, and as a result the gathering of cotton has made excellent progress.
staple to market is on a liberal scale,
Oalveaton, Texas.—There has been
The movement
of the
no rain the past week.
ranging from 74 to 90.
Abilene, Texas, We have had no rain during the week.
The thermometer has ranged from 60 to 90, averaging 75.
Brenham, Texas.— We have had rain on one day during the
week, the rainfall being one hundrelth of an inch. Average
The thermometer has averaged
—
lowest 61,
—
983- •fc4 1001-02
Closing.. 10-38--38
82,
thermometer 81, highest 95, lowest 63.
Corpus Christi, Texas.— There has been no rain the past
week. The thermometer has averaged 78, the highest being
86 and the lowest 70.
Cuero, Texas.— There has been no rain during the week.
The thermometer has averaged 79, ranging from 65 to 92,
Dallas, Texas.— Wb have had no rain during the week.
The thermometer has ranged from 60 to 99, averaging 80.
Huntsville, Texas.— We have had a trace of rain on two
days during the past week.
Average thermometer 82,
highest 101 and lowest 63.
Kerrville, Texas.— We have had no rain during the week.
The thermometer has averaged 74, the highest being 93 and
the lowest 55.
Lampasas, Texas.— It has been dry all the week. The
thermometer has averaged 77, ranging from 59 to 95.
Longview, Texas.— There has been no rain during the week.
The thermometer has ranged from 59 to 95, averaging 77.
Palestine, Texas.
There has been notrain during the week.
Average thermometer 77, highest 94, lowest 60.
Paris, Texas.— We have had no rain during the week. The
thermometer has averaged 77, the highest being 98 and the
—
lowest
lowest, 52.
9-78--97
9-90--91
.
Spot...
Optlona.
Little Rock, Arkan$eu.— Wet
weather checks piukiog.
There has been rain on three days during the week, the
rninfall being sixty-three hundredths of an inch.
Toe thermometer has ranged fmm 52 to 92, averaging 72.
J/elena, Arkana ^s. —Picking lively.
We have had rain on
two days daring the week, the rainfall being sixty hundredths of an iach. Average therm jmeter 69-4, highest 93,
9-60--77
9-6i-'S4
-
Jan'ary—
Range 1001-10
Closing.. 1005-06
Range
Vol. LKXii.
9'80--90
9-85-
9 97- 98
Closing.
I
week, the rainfall being nine hundreths of an inch. Average thermometer 77, highest 95 and lowest 64,
Augusta, Georgia.— There has been rain on one day during
the week, the rainfall being fourteen hundredths of an inch.
The thermometer has ranged from 59 to 96, averaging 75.
Smyrna, Geor(^ia. We have had rain on one day during
the week, the rainfall being twenty-four hundredths of an
inch. The thermometer has averaged 69, the highest being
91 and the lowest 57,
Stateburg, South Carolina. Moisture is much needed for
late crops, but it would hi too late to help cotton, for there
is no top crop.
The weather has been cooler sine j 0,jtober
came in. There has been no rain during the week. The
thermometer has ranged from 58 to 93, averagiog 73, September rainfall four inches and thirty hundredths.
Greemvood, South Carolina.— We have had no rain daring
the week. Average thermometer 72, highest 84, lowest 60.
Charleston, South Carolxna,—We have had rain on one
day of the past week to the extent of fifteen hundredths of an
inch. The thermometer has averaged 78, ranging from 88
—
—
to 94.
Charlotte,
North Carolina.— Conditions are perfect for
gathering the crop. There has been rain on one day the past
week, the precipitation reacning six hundredths of an inch.
The thermometer has averaged 67, the highest being 89 and
the lowest 52.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
and Oct.
8 A. M. Oct. 7, 1904,
Weatherford, Texas.— We have had rain on one day dor
Ing the we^k, the rainfall being four hundredths of an inch.
The thermometer has ranged from 63 to 99, averaging 80.
New Orleans, Louisiana.— There has been rain on one day
the past week, the precipitation reaching ninety-six hundredths of an inch. The thermometer has averaged 82.
Shreveport, Louisiana.— There has been rain on one day of
the week, the precipitation being two hundredths of an inch.
The thermometer has averaeed 80, ranging from 86 to 95.
Coluvibus, Miaisxippi.—We have had rain on one day
during the week. The rainfall reached eleven hundredths of
an inch. The thermometer has ranged from 57 to 90, averaging 74.
Leland, Mixsissippi.—It has rained on one day of the week,
the rainfall being ten hundredths of an inch. Average ther»
mometer 76'3, highest 98 and lowest 53.
Vtckuburg, Mississippi.-We have had but a trace of rain
during the week. The thermometer has averaged 77, the
highest being 93 and »h^ lowest 58,
Oreenicood, Missies ippi.—The crop is moving rapidly.
1903.
Oct. 7, '04.
New Orleans.......... Above zero
Above lero
Above zero
India Cotton
Oct
9, '03.
Feet.
of
of
NashvUle
of
Shreveport.... .......Above zero of
Vloksburg
..
Above zero of
Memphis
Feet.
gauge.
gauge.
gauge.
4-6
6-9
4-7
iM-O
1-0
1-7
gauge
3-3
8-4
13-9
gauge.
Movement from all
Ports.
50
— The
receipts
of cotton at Bombay and the shipments from all India porta
for the week ending Oct. 6 and for the season from Sept. 1
to Oct. 6 for three years have been as follows.
1904.
Receipts
at—
Week.
Bombay
For
Since
Week.
Sept. 1.
7,000
1902.
190S,
Since
55,
San Antonio, Texas.— We have had no rain the past week,
The thermometer has averaged 78, ranging from 64 to 92.
9,
36,000
Sept. 1.
4,000l
31,000
I
Week.
I
1,0001
Since September
the Week.
Since
Sept. 1.
16,000
1.
JSxports
from—
Great
Britain.
Oontinent.
Qreat
Total.
Ootiti-
Britain.
nent.
Total.
BombayISO*
1903
1902. ...
Calcutta -
1000
1904
1903
1902
Madras —
1904
1903
1902
All others—
1901
1903
1902 ....
Total
2,000
2,000
3,000
3,000
1,000
1,000
1.000
2,010
1,000
1,000
19,000
1,000]
21,0001
10,0 J
11, 000 J
6.000
4,000
6,000
6,000
6,000
6,000
1,000
1,000
1,000
l.S.OOO
13,000
13,000
5,000
2,000
3,000
2,000
4,000
4,000
1,000
1,«00
1,000
5,000
2,000
3,000
2.000
4.000
4,000
15,000
13,000
13,000
19,000
37,000
28,000
19,000
39,000
29.000
aU—
1904...
1903....
1902....
1,000
1,000
2,0
1,000
:
Oct.
.
THE CHRONICLE.
8, 1904.]
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Choremi,
Co., of Alexandria, we now receive a weeklycable 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
&
Benachi
two
years.
Alexand^
ia,
Egypt,
October
1903.
160,000
37^,308
195,000
4S4.146
Receipts (oantars*)—
Since Sept. 1
260,000
648,138
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
2,500
3.500
6,500
9,659
6,650
6,250
19.5^49
4,500
too
3,056
13,300
Total exports
A oantar is 98 lbs.
39,322
Exports (bales)—
To
To
To
To
*
1902.
1904.
5.
Liverpool
Mancnester
Continent
Amerloa.
......
This
Since
week. Sept. 1,
19.897
8,399
21,684
2,851
37,679 21,343
52,831
10,750
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is firm for
The demand
both yarns and shirtings.
We
yarn and
for both
give the prices for to-day below
cloth is impr ving.
and leave those for previous weeks of this and last year for
comparison.
1903.
1904.
32« Oop.
Twist.
d.
Sep. 2
d.
9ifl
®9''8
9
" 16 93,e»9''8
" 23 9i8 ®9i3,e
" 30 81&,6«9S8
Oct. 7 S'^e 3'9S8
••
8I4 lbs. Snirt- Oott'n
ings. eommon Mid.
Uplds
toftnesl
d.
8.
6 11
6
-^g
6
6
d.
s.
®9
«9
3
3
S9
5 llifl®9
Twist.
d.
d.
d.
3
3
511»3»9 3
d.
8.
s.
®9»8 6 S^'aiS
6-64 9
6-76 8''8
6 82 9
6-62
5-80 8^
5-62
1
8I4 lbs. Shirt- Oott'n
ings, common Hid.
to finest.
lipids
32» Oop.
®8
®8
'3'9i«
5
8
®9i>8
5
9
5
7is'a>8
representatives of the operatives the Executive Committee
review(-d the facts in the case and said it was impossible
under the conditions existing to entertain any suggestion of
compromise.
Egyptian Crop.— Messrs. Choremi, Benachi & Co. of
Boston, and Alexandria, Ecypt, write under date of Alexandria, September 17(h, as follows:
The crop is progressing favorably, and although there have been
some complaints of shedding due to the late fOKS, we are of opinion
that the total yield win be superior to t hath of last season. Picking
is not yet gent<ral, as cultivators consider present prices low and do
not care to market their crops at once; but we expect to see leoeipts
increase considerably next week.
Cotton Consumption and Overland Movement for
Month of September. —Below we present a synopsis of the
crop
7,250
4,-0^
7,279
2,105
15,994
3,250
17,S35
1,100
d.
d.
6-52
6-36
6
412
4i«
w938 5
7
-as
5
6
©S
6 58
6-20
6-04
5-80
3
2
Oift
1485
movement
for the
month
of
September
1904.
bales.
Gross overland for September
19,703
Net overland for September
16,678
1,070,701
.......
Port receipts In September
674,519
Bxports in September
407,552
Port stocks on September 30
116,918
Northern spinners' takings in Sept'ber.
151,000
Southern oonsmnption in September
Overland to Canada In September
for three years.
1903.
1902.
9.287
1,716
576,971
256,814
376,155
110,181
147,000
40,887
30,548
903,759
567,808
417,227
111,357
173,000
(in-
4,612
cluded in net overland)
346
2,761
170
Burnt North and South in September...
Stock at North'n interior markets Sep.30
3,222
5,697
8.36S
Came in sight during September
1,373,730 811,687 1.269,307
9,311,999 9,489,019
Came in sight balance season
10133686 10758326
Total crop
526-10
514-71
511-46
Average gross weight of bales
492-56
503 96
49002
Average net weight of bales
Hand Book for Daily Cable Records of American,
East Indian, Egyptian and Brazilian Cotton Statistics,
&o — Cumtelburo, Limited, of Liverpool, London and New
York, has favored us this week with a copy of the thirty-fourth
The AaRicuLTURAL Department's Report for Sept. 24.— annual issue of the daily cable records of the principal cotton
The Agricniiurai Department's report on cotton for Sept. 24 crops of the world, which has just been published. All features
of previous issues have been retained in the current issues,
was issued Oct. 8 as follows
The moBthly report of the Chief of the Bureau of Statistics of the revision being made where necessary, and some further
Department of Agrloulinre will show thi average condition of cot too
on Sept. 2^ to have been 75 8 per cent, ai compared with 84'1 p<-r cent
last month, 65 1 per cent on Sept. 2s, 903, 58*3 per cent on Sept. 25.
1902, and a ten-yt-ar average of 66 8 per cent.
The fuliowino; table shows the condition of cotton, by States, on
Sept. 25 in each of the last four years, and that on Aug. 25, 1904,
1
with the ten-year averages.
Aug.
25
Sept.
25
25,
25,
Sept.
25,
1904.
1904.
1903.
1902.
1901.
69
78
76
77
81
77
78
82
76
83
85
82
82
82
77
86
84
87
87
88
87
88
88
89
9S
88
88
87
54
68
68
€9
71
71
72
70
77
74
47
62
52
63
68
68
64
68
76
65
61
68
73
73
SI
73
65
66
67
51
72
63
60
61
57
65
73
61
68
70
68
68
69
66
69
70
71
68
76'8
84-1
65-1
58-3
61-4
66-8
Sept.
States—
Texas
Georgia
Alabama
MlaelsBlppi
South Carolina
ArkaDSfts
Louisiana
North Carolina
Tennessee
Indian Territory
Oklahoma
Florida
Virginia
Miasouri
United States;....
70
69
71
74
Sept.
Tenryear
average.
69
71
75
77
The October Ist averages in earlier years for all the States
were, accordirg to the Agricultural Department, as follows:
67-0 in 1900, P2 4 in 1899; 75 4 in 1898; 70-0 in 1897; 60'7 in
1896; 65'1 in 1895; 827 in 1894; 70-7 in 1893; 73 3 in 1893.
As a matter of Interest In connection with the foregoing
report, we subjoin a statement showing for a series of years
the acreage and yield, according to our compilations, and the
condition on Oct. 1 (Sept. 25) as reported by the Department.
Area.
Yield.
Oondilion.
Acres,
1904-05
1903-04
32,3«3.690
28 995,784
27,300.371
27,874,105
26,534,000
24,175,000
190203
190102
1900-01
189900
1898-99
1897-98
23,17\000
23.029.000
Per
Bales.
cent.
75-8
651
10.758,326
10.701,453
10,425,141
9,439,559
11.23^.383
11,180,960
58 3
61-4
67-0
62-4
75-4
70
Government Weekly Cotton Retort.— Last Regular
ReBerry, C'ait-t of the Climate and
Crop Division of the United States Weather Bureau, made
public on Tuesday the telegraphic reports on the crops in thf
Southern States for the week ending October 3, summarizing
port of tieanon
them
— Mr. James
as follows:
With high temperatnre and
the cotton
r«'gl<in,
practically no rain during the week In
the staple has oomlnued to open rapidly In all see
premature ly In Georgia »nd Mlf<pl8sli>pl, ami picking hao prog
reseed utd«r favorable connUtonH. Complaints of soaroity of labor
are still received from portions of oen'rai and fa'^tern dlHti lots. Re
ports Indicate that nearly all 01 th« cotton crop h^s baen harvested in
rionthern G»-orKla »n(l LoulxUna and Sonthwestt^rn Texas 75 per cent
lu Florida, ihH central pontons of Georgia au'i Thxah; 50 per cent
and over in other Stales, exo»<pt Arkansas and Oklahoma, where about
one-fourth 1h picked, and North Carolina, wht^re onlv a small portion
tions,
;
has been Kath-- red. Late cotton is still fbeddlng In QeorKla, Is ninoh
Shortened by drought In Tennei>Hee, ar.d continued deprj-dallons of
iDBoot pestH have lijjured prospects for any top crop In Texas.
New England
Cotton Mill Situation. — A conference
between tbe Extcutive Comuiitcee of the FmII River Manufacturers' Aesuciailon and tbe T' x ile Union leaders wa»
held on Thursday afternoon, but it did not bring about any
ctange in the strike situation. In a formal statement to the
statistical additions are to be noted, especially
covering production in the various countries in
compilations
which cotton
DOW known to be grown. The book of c urse contains the
nsnal very full statistics of the American, East Indian,
Egyptian, Russian and Brazilian crops, the pages being so
arranged that the daily and weekly flgares for tbis year as
received can be inserted side by side with those for the previous year. The book will be found on sale at the office of
Comtelburo, Limited, 19 Beaver Street, New York.
Shipping News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 298,023 bales. The shipments in detail, as made np
from mail and telegraphic returns, are as follows:
is
Total bales.
Liverpool, per pteamers Baltic, 3,959
Carpathia. 450 upland and 123 Sea Island. ...Georglo, 7,241. 11,773
500
To Hull, per steamer Hlndno, 600
New York—To
400
Lond 'U, per steamsr Mionebaha. 400
207
Antwerp, per steamers Kroonland, 157...St. Andrew, 50
782
Baroeloua, per cteamer Mont^vMeo. 782
Genoa, por steamers Nord America, 5.. ..Prince Adal678
bert, 673
lOO
To Yarmouth, per steamer Prince Arthur, 100
New Oblb*n» To Liverpool— Oct. I— Str. Irishman. 23,651
29,335
Oct. 4— Stoamer Navig>»tor. 5.684
50
To Marpe'lles-Oot. 7 Steamer Augusta, 50
400
To Ham hursr— Sept. 30 Steamer Masoonomo. 400
237
To Rotterdam Got. 4-8teamer Minerva, 237
800
To Barcelona -Oct. 7 8 earner Auguste. 800
600
To Venice— Oct 7— Steamer AuKuete, 600
350
To rrlepte-Oor. 7— Steamer AUKUste. 350
GALVB8TON-T0 Liverpool -Sept. '/9 Steamers Irak, 22.667;
Wayfarer, 24,977 ...Oct. 4 Steamer Chancellor ll,''30
Oc. 5- Steamer Etonian, 17.15i>
Got. t> Steamer Elswlrk Grange, 11, «^9.
88,172
To Manchester -Sept. 30— Steamer Domingo de Larrlnaga,
To
To
To
To
-
11,4^3
11,428
Havre-Sept. 30— Steamer Matteawan, 10,189
17,291
steamer A'banian 7,102 .
To Bremen— Srpt. SO-Steamers Clifton, 0,031; Frankfurt,
To
Oct. 3
15,256
9,225
1,049
To Hambur<-8ept 30— Steamer Blue Cross, 1,049
12,953
To Gem a Sept, »9 -Steamer Cerea, 12,963.....
To M-xico Sept. 30-Steamer Teleton. 1,445
1,445
Port Arthur— 10 Bremen -Oct. 1 Steaiuer Meridian, 2,975. 2,975
MOBiLB i'l Liveriiool— Oct 6— Steamer InchduDC. 3,353
3,353
677
To Manohesior— Got. 6— Steamer Inclidune. 677
Savannah- To Liveripool-Seot. 30— uteamer Alabama. 13,458 13 488
To Havre-Sept. 30 Steamer British Trader. 5.«52
5,852
To Bremen— Sept. 30— Hteamers Cape Oorrientes, 5,883;
Go.. dwin, 11.305; Wlnktle d, 1 1 95S
Hamburg— Sept. 30 Steamer C^pe Corrlentes, VOO
Rolieroam— Sept. 30— Steamer Hrltloh Trader, 685
To
To
To
To
To
To
To
29,14«
Reval Se^pt 30 Steamer Wlnkfleld, 552
Riga Sept. 30-Steamfr WluhtlB d. 300
Petersburg-Sept.
Steamer Wlnb field v 00.
Barcelona -Sept 30 -Steamer Glenwoi d, 1,150
Genoa wept. 30— Steamer Glenwo d, 4,^18
Ohaklkston— To Brfmen- Got. 6— SteHmer Svelai d, 9,300
W'l(,MiNQTON— To Llvenool -Got. 3 Steamer JanetH. 11,000
St.
.
100
685
552
300
200
1,150
4.218
9,300
19,643
...Get. 4 StoamtrCayo B anoo. 8.ttii
Boston To Liverpool Oct. 4 Steamers Sachem, '01; Syl5.588
vanla, l.i4-.
Oct. B— Steamer Canadian, 3.609
466
To Manchester— Sept. 30— Steamer Oaieilonlan. 466
Baltimorb- To Liverpool -Sept. 30 Str. Vedamore. 3,199 ... 3.499
Noordla^d 2.113 2,118
CHii-ADKLPHiA—To Liverpool Sept 30— Str.
To Mancheser -Sept. 29 -Steamer M»noliesier Merchant,
^ 1.1'^7
1,177
Total
The exports to Japan since Sept,
bales from Pacific ports.
1,
1904,
have
29S.623
been &,3S0
\
.
.
TJIE CHRONICLE.
i48G
—
By cable from Liverpool we have the followlnti
of the week's sales, stocks, &c., at that port.
LrvKBPOOL.
tatement
Sept.
week
bales
Of which exporters took.
Of whlob speoalators took
Bales Amerloan.....
Balee of the
I
Sept 30
Oct.
1,000
1.000
aOOti
43 000
126 000
59 0L0
if> 000
13 000
153 000
140 000
Forwardea
Of which Anierloan— Est'd
Total Imoort of the week
Of which American
afloat
Of which American
l,(0>
1,000
l.t'OO
15,000
3,000
53.000
109 000
49 000
40 0U0
34 000
0<i0
3 00(
37
4.000,
55 000!
146 OOOi
000
174,000
68 000
13» O0<
itOOOO
335.0001
market
of the Liverpool
18 000
sa.ooo
H6 000
8».000
247 000
l!-9
for spots
7
47 000
25 000
22.000
21000
Total stock— BRtlmated
The tone
Sept. 23.
31,000
Aotnal export
Amoant
16
52
O'
.M 000
424 000
885 000
and futuret
each day of the week ending Oct. 7 and the daily closing
prices of spot cotton, have been as follows.
Sat'day.
Mid.
(
^
Monday. Tuetday. Wed'day. Thurtd'y Friday.
More
lemand
Spot.
Market,
12:30 F. M.
demand.
Oood
demand.
Fair
Oood
Good
demand
demand.
bnalneis
doing.
6 74
6-62
8'64
564
5 74
5 62
6.000
8,000
8000
10,000
300
300
300
10 000
300
7.000
300
Upl'dfl.
Sales
Spec.
More
A «xp.
300
Future*.
Market
opened.
Market,
4
p.
M.
BrMyit'dy dteady
SeS
at
decline.
)
8 pts.
decline.
Kagy at
I
Qalet
pts.
mi
(
5
pti.
Z®7
decline.
at
pts.
decline.
Irrett.
at
7(a9 pti.
decline.
Basy at
Firm at Steady at Steady at
10@18 pts. 3(31 pts. loaii pti.
advance.
steady
at
12(319 pts. 17(ai9 Pt»
deollne
advance.
advance.
Br'lvifdy
1@8 pti.
advance
decline.
Firm.
nnch. to
2 pts. dec
The prices of f atnres at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
danse, unless otherwise stated.
Sat.
men.
Toes.
'Wed.
Tliara,
Oct. 1.
Oct. 3.
Oct. 4.
Oct 5.
Oct. 6.
121s 1 121s 4 12)«
p. M P. M. P. H. P. M. p. H.
.
d.
d.
d.
d.
5 54 5
October.
6 49 5
Oet.-Mov..
Nov.- Dee.... 6 47 5
46 5
Deo.-'an
Jan. -Feb ... 5 47 6
Feb. Mch .. 5 46 6
Moh.-Aprll. 6 4"' 5
ft 47 5
April Way
May- June... 5 47 5
Jnne-'tUy.
ft05
4
121s 4
M. P. If
P.
d
d.
41 5 43 5 33
6 2»
38 5 39 5 29
37 6 39 5 29
37 6 39 5 29
8(< 5 40 5 30
38 541 5 31
39 5 42 5 32
40 5 42 5 32
H
P.
5 29
d.
=>
455 38 5 40
6
44
6 25
1^
52
S
5
4315
425
43 5
43 5
44 5
44 5
2'^
5
5 2f 5
5 2» 5
5 28 ^
5 ?8 5
6 29 5
12i«
p. M.
d.
d.
4
P.
If.
4
121s
p.
d.
5 48 5 54 8 50
5 44 5 50 5 46
5 43 5 49 5 45
5 43 5 49 5 45
40 5 43 5 4» 5 4^
41 5 44 5 60 5 46
42 5 46 5 SO 5 46
43 5 46 6 51 5 47
43 6 46 5 50 6 47
44
40
40
40
Frl.
Oct.l
M
d.
.
P.
M.
d
5 43 5 48
54 6 45
40 5 44
40 5 44
5 40 5 44
5
5
5 41 5 4.'>
S42 5 46
5 42 5 46
5 43 6 4;
Jnly-Ang
Ang.-8ept
.
—
The market for j ate bagging
has continneri very qai^t daring the week at unchanged
prices, viz.: 6%".. for l^^ lbs. and C/gC. for 2 lbs., standard
gradw. Jufe batts dull at 134@1MC' for paper quality and
2@2)^c. for bagging quality.
Jute Butts, Bagging, &o.
BREADSTUFFS.
Friday. Oct 7, 1904.
has been experienced for whea' fl )ur.
Oflferings of winter-wheat flour have been limited and they
have been firmly held. R' fl^jcting, however, an easier tendency to values for the grain, spring-wheat mills have shown
a willingness to lower their limits. The volume of business
transacted has been limited, buyers being adversely influenced by the eafier thrift to values for wheat, and have
been holding off. R> e fl mr has had a moderate jobbirg sale
at steady prices. Oflferings of buckwheat flour have been
very moderate and nrices have ruled firmer. Corn meal has
been quiet but steady.
Speculation in wheat for future delivery has been on a
moderate poale only, and the tendency of prices has been towards a lower basis. Early in the week reports were cur
rent of new Argentine wheat offerings. The movement of
the crop, particularly in the Northwest, continued full. Tt^e
visible supply statement showed a good increase in stocks,
which, however, is only natural at this season of the year.
The crop reports in a number of instances have been of a
more encouraging nature. The Ohio State report showed a
larger yield in that State than expected. One authority
in the Northwest issued a statement showing that an
unusually large acreage had been planted in spring
wheat and estimated a yield from the spring-wheat crop of
An irregular market
which 184,COa,(00 bushels will be milling-wheat. The reports from Canada also have been of a
more encouraging character. Conditions have been reported
favorable for planting the new winter-wheat crop, and a con178,900,000 bnsbels, of
siderable increase in the acreage over last year is indicated.
spot market h s been quiet. To-day the market was
easier with rnmors of a large long Interest liquidated qaletly.
The spot market was qaiet,
DAILT OLOaiNO PRICES OF WHDAT FDTtTRBS HI NE1¥ YORK.
Sat
Mon.
Tiui.
^ri
Wed.
Thur*.
121
IZOSa 119<>8 IISH
No.2red winter, f.o.b... 120
117^
IIVI4
Deo. delivery In elev
llftHs
ll:^i4
l\6\ 116
ll4»8
The
May delivery
In elev
114''8
114'^8
H4ie
112%
IIII4
110»s
DAILT OLOBIHO PRIOBB OF WHBAT FUTURES IS OHIOAOO.
Mon.
lites.
TKur*.
Wed
hri
Bat
Oct, dellv. In elev
Deo. dellv. In elev
May delivery In elev
lim
lll»8
iia'^e
113Sl8
H^^ifl
ll2ia
113^
112(>8
hot,
io;)78
llisg
lliss
lo?'^
lossg
106%
loa**!
109
10x14
Vol. h.vvit
.
Indian corn futures have continued to meet with only a
very moderate amount of speculative attention. The ten'lency of prices for the week has bteo towards a higher basis.
The crop, it is understood, is now practically mad^, it being
too late for serions damage by frosts; consequently there
^as been a disposition shown generally to abanaon small-crop
estimates, and many are now oalcnlattug on a larger
crop than a jear ago.
Some selling to liquidate
long contracts has developed. At the decline in prices exporters have shown increased interest in the market as buy-rs. and this, coupled with the high cost of wheat, is creating
frnfidence in values on about tbelr present basis. The spot
market has been easier and a moderat>4 export basiness has
tieen trarsacted.
The "Cincinnati Price Current" in its
weekly review says that the week h^a been favorable for
corn. The crop is practically made and corsiderahly in excess of last year, the yield being above 2,400,000,000 tw^ihels.
To-day there was a lower market, and it is rumored that a
large long interest was settled quietly. The spot market was
active at lower prices, exporters being the buyers.
DAILT OLOBIDO PRIOEB OF NO. 2 IflXXD CORM IH
YORK.
Mon
com
f.
o.
b
Deo. delivery In elev
May delivery elev
m
NEW
Wed.
ft8»«
b^
57\
6814
5708
Tue*.
68is
Sat.
i^aeh
5''''8
5778
T^ur*.
57K,
5«is
53I4
Frx.
66is
SSIs
52is
54''8
54\
55
OAILT CLOBIHQ PRIOEB OF NO. 2 MIXED CORN IN CHICAGO.
Wed. Thur*.
Fri.
Mon.
Tue*
Sat.
62i«
60B«
6214
Oct delivery In elev
62
52
A9\
4*-B8
Dec. delivery In elev
51
61
51
48V
VI av delivery In elev
49^4
49
47»«
46«8
48%
48%
48is
Jaly deUvery In elev
49
48%
....
4«%
46
Oats for future delivery at the Western market have been
quiet and there has been an easier drift to valaes. Reports
r<-lative to the crop confirm the indicated large yield.
Receipts have been heavy, and with country oflferings reported
fairly free there has been a weaker tone to the market. There
has been no especial spirit to the trade demand. Locally
'he spot market has been quiet. To-day the market was
56ifl
6m
quiet,
OAILT OLOSIKO PRIOBB OF OATB IN NEW^ YORK.
Wed.
Tkttn.
Fri.
Sat.
Mon.
Tue*.
Nom. Nom.
Nom. Nam. Nom. N»m.
No. 2 mixed In elev
..
No. 2 white In elev
Nom.
Nom. Nom
Nom.
Nom.
Nom.
DAILT OLOBINO PRIOEB OF NO. 2 KIXED OATB IN CHlOAOOi
Wed
Ihur*.
Fri.
Mon. Tuf.*.
Sat.
30i«
3(1%
30
Oct. dellverv In elev
30
30%
30%
Deo. delivery In elev
May delivery In elev
3078
3314
31
3114
31>4
SOk
33k
33^
33H
Si-^e
SOk
32%
Following are the closing quotations
FLOTTR.
Nominal.
Patent, winter
$5 75 ®6 00
City mills, patent. 6 70 «6 95
$3 75 ®8 80
Rye floar, superfine 4 40 94 90
4 CO 'Silo
Backwbeat floor.. 2 40 -92 65
4 25 '94 60
Clears.
4 65 '95 20
Oom meal—
3 10 «3 15
Straights
Western, etc
5 25 ©5 75
Brandywlne
3 16 93 25
Patent, spring
5 65 96 95
ORAIH.
Wlieat, per bush—
0.
0.
0.
Oom, per busho.
Western mixed
S3 956^
N Dnl.,No.l
f.o.b.11914
f. o. b.56>s
N. Dul., No. 2
No. 2 mixed
f.o.b.11614
t. o. b.59is
No. 2 yellow
Red winter. No. 2.. f.o.b.11714
t. o. b.86%
Hard winter. No. 2. f.o.b.11214
No. 2 white
Rye, per bush—
'ate— Mixed, p. bush. 34is936
Western
82 984
White
351s9401s
State and .Tersey.... Nominal.
No. 2 mixed
Nominal.
53 964
Barley— West
No. 2 white
NominaL
Feeding
Nominal.
Une......^
Superfine
Extra, No. 2
Bxtra, No. 1
Exports of (ilrain and Floar from Faclfle P«rt8.— The
exports of grain and flour from Pacific ports for the week
nding Oct. 6, as received by telegraph, have been as follows:
From San Francisco to Japan and C ina 19,0'>0 bWs. flour,
to United Ki-gdom, 27,000 bufheis barley, ani to various
Sonth Pacific ports, 3,706 bbla. flonr amt 1,5 bushels wheat;
from Taooma to the United Kingdom, 151,000 buskils wheat.
Combining these figures with tnose tor previous weeks, we
lave the following, which covers the exports to foreign
•ountries for the period since July 1, 1904, compariaon being
made with the corresponding period of 19)3.
Barley,
Xye,
Cat*,
Flour,
Wheat,
Oom,
Export*
from—
bblt.
tan Fran.
»agetS'd.
270,179
204,185
102,687
103,009
175.520
119,689
4,638
577 051
602,665
397,318
763.078
4.647
4,692
Portland..
Total....
rot.
1003.
InisK.
bu*k.
bu*h.
9
768
188
bu*h.
hu*h.
619.087
288
8
974
619,087
3.431
1,499,474
288
S63
GovEHNMKNT WEEKLY GRAIN REPORT.— La«t Report for
— Mr. James Berry, Chief of the Climate and
Crop Division of the U. S. Weather Bureau, made public on
the Senson.
Tuesday the telegraphic reports on the grain crops in the
various States for the week ending October 3, as follows:
Corn.— Corn has experienced another week iof favorable conditions,
bat frost was Injurluas la Wlsoonaln, mooh was blown down and
damaged In Illlnoie, and dry weather Is need'-d in Iowa to prepare the
crop for cribbing. Corn is praotloally safe In Nebraska; less than 6
per cent la Id danger from frost In Michigan and E-*8terii Kansas; 10
percent In Ohio, Central Indiana. luwa »iui Sonth Dakota; 20 per
cent In Northern and Central Illinois and Mlssoarl. (Jutting Is progressing rapidly In all sections, being practically c<>mol**te4l in porilonit of Son* hern MlAsoarl, and nearlng completion In Kansas
Spring Wheat.- While threshing of spring wheat was again delayed by rains lu Minnesota daring the eariy part ot the week, this
work was reHomed later and Is now generally well advaaeed in that
dtate and Is progressing rapidly In the Dakotae.
The movement of breadstuSs to market as indicated in the
•tatements below is prepared by us from figures collected
by the New York Produce t^xchange. The receipts at
Western lake and river ports for the week ending Oct. 1
and since Aug. 1, for each of the last three years have been:
.
.
OO*
THE CHRONICLE.
8, 1904. J
RecMptB at-
riour.
oau.
oorn.
tVtital.
Itarity.
1 8,089
76.776
812.848
1.603.300
1.508.16f
1,441.396
886.920
14.260
214.600
9115.6OO
137.000
l,0S3,ia)
714.31'!
76'5.64}
MUwaokee..
Dnlnth
MlnneapoUs.
Toledo
2,865.3>.0
61.440
1.4?0.5-;0
lOfl.OOO
4C0
96.720
17.070
92 4R3
180
112 87C
7.300
Oetrolt
...
20,490
at. Lonla....
6«,f-00
Peoria
21,150
OlOToland
Xaniaa
......
14«,E8-
48.639
333.000
218.70(1
111.000
7.266
162,000
773.582
16.000
166.6)1
163,000
4,000
4.132.13S
833.594
839,094
253,778
1 042 200
Same wk. '03.
Same wk. '03.
aince Aug. 1.
1904
1903
1909
3.158.761
8,328 733
4 385.563
9i,80P
8.666,922
4,635.470
4,816.819
3,9*5. 03v
3.171,001
8.658.653
494.604
488,584
481.118
145.800
8,116.304
7,287,b59
Citr-
Tot. wk. 1904
Ibl
40.000
83.60
00.198
S3,68J
4,0U0
666.300
U
123.
1.762,843
3.361.744
8.661.637
48.898,<<]7 13.986 roo 1,605.354
49,205959 36.689 93S 3I,3^8 3lf 13.856 207 I,4fi0.l81
76,034,815 1H,R40.628 4^608.311 10 378.0J1 1>,«52.V!59
54.66S.8F:3 31.307.693
The receipts of dour and grain at the seaboard porta
week ended Oct. 1, 1904, follow:
for
the
.,..^
129.160
......
4'i.<20
1.7'<4
89 587
...
....
13,547
40.841
29,678
8.640
Orleans*..
14«H0
Newport Newa..
Oalveston
...
Portland, Me....
"9,406
Ak
kIMA
. .
Phlladelpkla
Baltimore
.
Blohmond
New
21610
71 19U
3^.640
24,800
IlobUe
465 982
bnib.
goods market, and sellers have lemained correspondingly
firm. Prices on those lines that have b» en well sold up have
again scored slight advances, but these have been too small
to affect open quotations. The export business has shown a
farther falling off, but this is due more to the inability of
agents to guarantee delivery ot goods than to a falling off in
the number of inquiries. The situation is growing continually stronger by reason of the curtailment of manufacture
and the continuation of the Fall River strihe. The latter
shows no signs of ending, and has even become more serious
during the past week by the refusal of the operatives to accept the extra- loom system. In the woolen goods division
the demand for dress goods has contioued active, and prices
in all departments show an advancing tendency. There have
been some complaints of slow delivery of sample pieces of
men's goods, but otherwise business is in a very satisfactory
condition.
l,0rfl
1902
16 818 530
wlej
99.4 •^0 772
13 478.800
40.3^6,569
3 5^6 401
8,4:4,351
89.1
118.166.840
300.710,304
8,416.761
"
Total srsln....K.«
m
1901
79.2ak!,7Wl
»re.
20,854
54 66tf
16,830.898
75,070.292
•
•
3.398 911
1*^.697.191
b6.188 18
69,4 3,S6d
8.632,401
8,144,338
156,932,330
289.069.600
41.0
:l
1.668716
The exports from the teveral seaooard porttfor the weeb
ending Oct. 1, 1904, are shown In the annexed etatement
S33
48i.7iai3
12,400
82,907
2.564
8.928
17,868
147,973
769533
1,-.S06.437
111,638
423.164
hut'
2.857
Same time '08.3,197,931
Ptmt
67.664'
750
Btit,
kuik.
Oati.
buth.
ia8,fl4
81.065
9,400
Oerti,
78,000
rortUBd ve
Flour.
ktifk,
200.744
66,r08
e3.b5I
M»9*rU /rem- iuth.
McwTork.....
Boiton
bbU.
46 074
"
PklUdelphl*.
Baltlmot*..
•wOrleant
3,727
iod
13.318
aiawx'rtMews
..
Montreal
43 973
SaiTuton
B4irUt,
2,872
46,799
"417
810
32,100
Mobile.....
Totalweek..
The destination
July
f
of these exports for the
-»
tlour.
Wuii
Witit
Oct. 1
1. 1004.
b
25.233
84.0.8
14.164
21,t32
2^.flU3
week and
since
13.916
1.
Ocrn.—
Wttk Bin** J«ii
"
>
1904.
Oct.
"
1.
1,
1904
69.311
117.973
8,197,981
4,139,t)38
bwi
483,787
28k« 174
4,971
18,643
12,109
4,313 P4.1
8,302 7> 6
28.473
88.t103
1,730 890
111 638
Total
Total 1008-08.... 4;:3,154
->
ain*$ July
fv.nrt.
bbli
804.896
890 »16
1 7.380
266 883
18.687
87,638
U.lSiO
W\$mt.
.-
flin<« .Tuiv
Oct. 1.
Weit indie
ar.M.Am. Colo's
•tlier eoutriet
46,799
4.996
ZO.luO
83.818
below:
1904, is as
1,
Mx9»rti ftr
«M«k end tint*
July I teOnlted Kingdom
».
Oontlnent.
.* 0. Ameriea.
8,807
227,143
168.404
ma
4.066,916
769.53i
769.53 i
33,85:1.634
l.if06.437
1.1206.437
8,029,174
14,348.83^
4.120,120
617,317
5'^
168
2589~8
48.185
32b4S
visible supply ot grain, comprising the stocks lu
granary at the principal points of accnmnlatlon at lake and
SMboard ports, Oct. 1, 19G4, was as follows
The
Oem.
mttertet-
ktttk.
,New Tork
Do
Oa(«,
Mvt.
ilarx
ktt«)k
986.000
30rf
000
1,604.000
70 000
239 000
'eaiibo
67,000
444.006
387,000
l,044.oaO
103 000
898 OCO
84,000
180 000
"7,006
138.000
74.000
aflost..
Boeton
Philadelphia
Baltimore.
Vow orieani. ......
Saireiton
Montreal
Voronko
BKlalo
3-
1000
1,000,000
179.000
6,000
460.000
103,006
448.000
I
73,OoO
0*1
14^00
Do afloat
Do afloat
Detroit
Do afloat
•asiiaio
Do afloat
MJlwankeo
DO
«float
36600J
290.000
1,768010
"'iooo
"1.000
299.000
66 000
319.006
48,000
"3,000
2,817.000
8,196,000
4,871,000
691,00*6
42.000
699! boo
18,000
•-
Dnltith....
Do afloat
MUmeapoiii
afloat. ..>.
27,000
462.000
1,814.000
101.000
1,142 000
18.000
04.000
i.rss.oco
2.966,000
at.Lonli
'
••••
28m ooo
v 90 000
2.301 oOO
Tort William
Port Artknr
4,083 000
1.073.000
86.000
9,000
734 000
24 100
'76
3.000
•
KaaiaiOitr
'
cob
1 000
08 000
'243!66b
1.64H.ono
3,ino
813000
03 000
8.000
OB MiiiUtipDi River. •, ••"
l,«e4"oo
OiLakei
i,.366.od6
a.ooa.coo
Peoria
In«lana»olii
1.120.000
837.000
897 000
487,000
136,000
8^.000
1904 ,.17.665.000
B.979,000
20.016.000
1.460.000
4.144.010
oneanaland river
Total Get.
1.
..
Since Jan.
941
643
69,814
5
601
tnAla
A^rabla
2
Afrlea
West Indies
199
38
314
609
524
Sfexloo
Central Amerioa.
Sonth Amerioa...
Other Ooantrles.
Total
2,839
1.
5,682
14,857
8,187
15.061
Week. Since Jan,
23
700
""6
11,078
41.486
16,334
598
53
202
492
31
185,844
2,105
1,761
1.
1.509
1,100
112,383
11,610
31,925
8,066
22,303
2,368
9,172
45,942
7.930
254,808
New
York exports since Jan. 1 has been
The value of these
$11,218,673 in 1904, against $11,473,149 in 1903.
Open changes in quotations have been fpw during the
week, but on the whole prices have been held fiim, and little
has been heard of in the way of irregularity. Standard
drills and sheetings have been in moderate demand for quick
delivery, and inquiries for future deliv»ry have shown an
improvement Light-weight sheetings have been firm, particnlarly for those lines which have been well sold «p, Fouryaid sheetings have shown an advancing tendency, due to
the greater demand. Bleached goods have only been in
moderate request, and buyers have shown no desire to purchase ahead. Prices, however, have been well maintained,
and in some instances manufacturers are asking more than
they were a week ago. Wide sheetings are slightly higher,
and orders have been more plentiful. Stap'e and fine grades
of ginghams have been somewhat irregular and the volume
of business has not been large. Both staple and fancy
prints have been quiet, and orders have been confiupd to the
filling of urgent needs.
Ducks have been in fair demand at
recent figures. Ticks have been well sold ahead and are
firmer, but other coarse-colored goods hsve been ^uiet but
firm. Eid-finiehed cambrics have been in normal demand,
and are without quotable change. The export demand for
Canton fiannels and cotton blankets has been sufficient to
absorb the supply for some time ahead, and business has
therefore shown a falling off. Print cloths continue fairly
active, and in some cases l*16c higher, but the q«otation of
regulars remains at 3c.
Woolen Goods. — Further advances have
been registered
wear woolen and worsted fabrics during the week,
aud all duplicate and repeat orders now being filled are at
the higher figures, Deliveries of sample pieces are being
hurried forward as much as possible, but some complaints
are heard that these are not arriving in time, and that travelers will have to start out without full lines.
Dress goods
have again been quite active, and initial business is now
in men's
817 OOJ
..
Toledo
„ Do
kU(7>
1903.
47
Great Britain
Otber European..
China
oompare
Bl!8.8e6
M.
1904.
Nkw Yobk to Oct. 8.
Week.
86.b8.i.>'48
,
Oats
—
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Oct. 8 were 2,339
packages, valued at |160,803, their destination being to the
points specified in the tables below
8.400
16,460
817
32.848.P49
4l.J86.a07
••
<3orn
,,
•••
949.491 1.681.919
66,185
1,578.762 1,042 140
88.011
Jaoi 1 to Oct. 1
461.113
8.067.858
279,104
x'ucai reoelpta at ports trom
follows for f oar yean:
190*
1803.
MMH9t»0t16,?71.883
near.
bbll. 12.912.944
Wheat
4,168
•
750
8.857
Total week ...^^
Week 1903
51.100
last
year, buyers generally expected a declioe in values, but the
report has been offset by the etrong etfctietical position of the
8,928
333
927 .9C0
338.4U1
128,948
116.470
88.834
9.878
48.000
4.^00
63.951
269,700
New York
i<«ri««
»«••>
»UtA
393.87S
61,705
280,990
64.018
42.P57
23.644
13.400
bn«4
Boston
Uontreal
Omti,
oern,
kutk.
»v /»<«*.
kMf
RecHvts at—
1487
growing crop on September 25 at 10 7 points above that of
Uv§.
HuthAS lbs Bu.66
Bbl».lWlbt Bwh.00tK. fHMf>.S6 Ibl Bush.S2ib
CfUoago
:
97,0i>0
THE DRY GOODS TRADE.
nearly over. Greater conservatism has been shown in the
placing of orders than was the case in the mens'-wear market, with the result that there are libely to be fewer cancellations and revisions. Of the goods that have been best in
demand, broadcloths, mohairs and sheer goods have been the
favorites. Preparations are well under way for the men's
wear heavy-weight season, and an advance of fully 5 per
cent is generally looked for. Overcoatings have again been
in fair demand during the week, and in cloakings a large
business has been done. The great activity in the latter,
however, will not commence for two or three we ks yet, but
there are signs that business will be heavy. Of the goods
that have already been sold, plain fabrics have been the best
in demand, but neat fancy effects have also been largely purchased.
FoRKiaN Dry Goods.— Imported woolen and worsted
dress goods have been moderately active duricp: the week,
Yokk. Friday, P, M. October 7, 1904.
The principal featnre of the paet week In the cotton goods and jobbers have been laying in their stocks for the new
division has been a greater diepoaitlon on the part of bnyera season. Advices from abroad report an advancing market,
to anticipate the fntnre. This has taken the form of in- and higher prices are looked for here before the season is far
creased ii qairies iHther than actual bueinesa, the latter being advanced. Ribbons have been in qaie<t demand dorirg the
restricted by the firm*-r views generally held by pellera »« to week at unchanged figures, while flilks have been rather
Linens are firm with an improving
forward «leliverita. Acfnal orders have not been large, prin- more inquired for.
In demand.
Burlaps remain steady and without quotable
cipally owing to the irregularity of the cotton market.
view of the Qovernment tepoit, placicg the condition of tho change.
New
THE CHRONICLE.
1488
Name.
Page.
State
^tf/inwtm.
city
at^b
I
Sate.
Dlft
1292..Br1d>fevlile,P»
149.).. Carbon Co.,
nropean
Bdpplbmbntb
all
f 10 00
6 00
13 00
7 50
Hubsorlptlon (InoludlDff postage)
Bnropean Hubeorlptlon Six Months (iDoladlng postage)
Tbe Railwat akd Indcbtbial Section, Isnaed quarterly, Is furnished
annaal subscriber of the Commbbcial and
FlMAHCIAL CHRONICLB.
The State and Citt Section, Issued semi-annually, Is also furnished
ycithout extra harge to every subscriber of the Chbonicle.
The 8TBEKT Railway Section, IsMued three times a year, Is likewise
furnished wxtKoul etira rhmrge to every subscriber of the Chboniolb.
teithoul extra charge to every
The Bank and Quotation
Section, issued monthly. Is also furnished
without extra charge to every subscriber of the Chboniolb.
Terms
of
Adyertising—(Per Inch Space).
Transient matter (each time) $4 20 Three Months (18 times) . . $29 00
STANDDfO BUSINESS CABD8.
Six Months
(26 times) ... 60 00
.
Two Months
$22 00 Twelve Months (62 times) ..
(8 times)
.
87 00
WILIilAin B. DANA COMPANT, .Pnbllabera,
Pine Street, corner of Pearl Street,
We present below, as usual, our table of municipal bonds
put out during the month of September. While such issues
have been very numerous, they have generally been for small
amounts, and for this reason the aggregate for September
was less than that for any month this year, with the exception of February. According to our records the total for
the
month was
August
$10,418,221, as against $16,364,544 in
and $8,762,079 in September 1903. In compiling these figuies
we have eliminated, as is cur custom, ?16,8S6,487 temporary
loans, $1,278,322 Canadian loans and $2,500,000 "genera]
fund bonds" of New York City.
As stated above, large loans were few in number, the more
important of these being New York City's sinking fund takings, |3 922,000; ChleagT(Ill
County, N.
J., $707,010,
),
Lincoln Park,
|1, 000,000;
ana Minnesota Capitol
1353..Cavour, 8.
353. .(Central Fall«. R. I....
IC^O.-Chardnn, Chlo
1353..0heootah, Ind. Ter...
1292..ChloaKO (111.), Lluooln
'
Park
Essex
certificates,
DlBt
1490..Cori.lDK,
1050.. Dover, Ohio
987..DaDklrk, Ohio
l050..Dnrand, Mich(3l8.)..
1490. Elyrla, Ohio
lv92..Enloe(Tfx )8oh. D)st.
988..E88exCo..N. J. (2 Is.)
1354..£rskine, Minn
1292..Falrchanoe (Pa.) Soh.
Diet
September.
1904
1803
1902
1901
1900
1899
1H98
For the
,A'lnf Mos.
»l^«,31«,S-3
|10,418.a.'l
111. 74^.4-93
99,8 4,"01
97,1W4.44 1
96.0ve.437
83,150,669
I-
117
6,173,065
From
the above table
'
t178,8^ft
I
it
'
I
For the
Sine ^os.
Seitember.
I
I
.7f 2,079
9.179,6^4
14.4' », 5«
4.033,'<«9
7,2 1,5 3
.
Movthof
I
1897
189B
t9,<'72.e91
$lCe..'-87.46S
8,693.457
1895
1894
18V3
1892
ll,42H,.'ia
5H,289.416
92,26<.91«
90.464.h36
40,9T4,5Be
6J,683,83t
8,219,847
8.h8f>,137
6,242.962
I
will be seen that the total
perma-
nent municipal loans put out during the nine months ending
Sept. 30 reach nearly 200 millions of dollars, or over 46 millions in excess of the outpat for the entire year 1903.
In the following table we give a list of September loans to
the amount of $10,418,221 issued by 206 municipalities. In
the case of each loan reference is made to the page of the
Chronicle where an account of the sale is given.
Sbftembeb Bond bales.
Page.
Name.
104B.. Adams Co.. Ohio
1362. .Akron, Ohio (7 Is.)
1353. .Alliance, Ohio
Rate.
Maturity.
4
5
1924
4
...
1905-1909
4
1909-1947
1905 1924
tl929-1954
tlyl4-1924
Amovnt.
Price.
$1.9,500
102-9R4
102-882
36,900
19,000
100
1353..AmRtt'rdam
(N. Y.)
Boh. Dist
1019. .ATiahelm Boh. Dls.,Cal
l'.i91..Ar zona
987..AHhl/ n<l, Kv
987. .Ashtabula (O.) School
Diet
4.^
6
4
76.600 T08-T6
10,000 100-43
10,000 110011
7,500 100
41a
1904-1914
80,000
102 05
8ch. Ul8t
1049..A(«otln Co.
( Vash.)
Sch. DlPt
1489. -Ballard, Wafh
4>a
1905-1920
8,000
102-59
987. Bbn esvillf, Ohio
1353.. Baf>alt Sob. DlSt., Ida.
6
1P05-1924
19V4
1907 1944
11914-1924
1,500
25,000
75.000
4,000
Belmont. MaoH
1292..Bordentown,N. J
4
4
1291..A»ht»bnla Twp.
.
13r)8.
.
(O.)
6
4J«
5
31000
tl914-1934
60,000
100
101-34
112-67
100
105-017
100-877
3,0'
ZH
40.000
65.000
5
Priee.
6
1923
19051934
11909 1924
1939-1940
1906 1909
1913-1939
1910-1923
tl909-l«24
1905 1909
19051907
1905-1914
tl9091924
3,<iOO
1061..KnoxOo.. Ind
1356 Knox Co Ind
13,55. .Laiysmlth. wis
,
1293. -Lakefleld, Minn
l/93..Lakewood, Ohio.
1491. .La Moure N Dak
12"3..Lanfa8Ter, Ohio
lv93..Langdon, N Dak
l29^.-LeeCo..Ml88
1293--Liexlrgton, N.
C
1491. -Llpan (Tpx.) Soh. Dls.
1051. -Lisbon, Ohio
1051. LlBbon, Ohio
1293..Llehon, Ohio
1365- L'Ckport, N. Y
1491..Lo(rHnCo. (Okla.) Soh.
Diet. No. 75
Rook (Iowa)
988. .Lone
Boh. Dlst
1855.. Long Pine Bch. Dlst.
No. 4. Neb
1356..LoupTwp., Neb
1356..Lncan Soh, Dlst. No.
108. Minn
105l..Lnoa8Co,. Ohio
1052. .MadlBon. wis (2 1s )..
1293-.Man)aroneok, N. Y...
1491.. Manistee Co. Bob. Dls.
No. 2, Mich
1356.. Mansfield (O ) School
Dl-t
988. .Manton, Mich
1052. Marlon, Va
1293. .Mars) all Bohool Dlst.
.
No
Ifi. Ill
1491. .Medina, Ohio
1491. .Medina, Ohio
1491..Mtddleport, Ohio
149l..Mllford, Ohio (3 Is.)..
l491..Mmburn Twp., N. J..
5
S^
4
4
4
4
6
6
B
4i«
4
6
4i«
6
5
6
6
5
5
6
5
5
5
5
6
4
100
10?-79
103-329
10814
100
100
107-562
100
707,000
3,000
15,000
40,000
100
45,000
6,^00
5,000
6.500
5.000
23.000
100-125
104-165
103-645
104-023
103-67
1905-1914
Y
S^a
100
1924
1905-1914
1905-1914
19(5 1915
1905-1914
1909-1933
4
6
100
107-64
10313
1924
1913 1932
5
4
100
190719C9
4
4
10862
3,oro 100
76.000 102-016
25,000 101-14
1,400
5,825
1,000
16,856
63,960
1944
102
8,500 100
16,000 106-93
12.000 100
27.000 110-09
12.240 100-37
27,000 1C9-18
1914
S^c
1292 Fonda, N.Y....
6,7.'^0
5,000
21,000
8,000
3,800
1906-1908
106-377
103773
l.ooo.oro 110260
70,000
15,000 101-51
9.600 100
tl909-1924
1911-1921
1906-1908
tl909-1944
5
1293..Foreetvlile Soh. Dlst,
Cal
6
1354.. Fort Plain Boh. Dlst.,
N.
4
1364. .Fort Boott (Kan.) Soh.
4i«
Diet
4i«
988. -Fostorla, Ohio
1354. .Freeporr, Ohio
5
4i«
1061.. Front Rot al. Va
1051.. Fnlton (111.) Boh. Dlst. 4
1490..0aTdeDaSoh. Dl8.,Cal 5
1293. -Granville (N. Y.) Soh.
Diet. No. 7
4
5
1051.. Greenwood, Miss
1354. .Griffin, Ga
5
,600
SO.OCO
5
5
6
1051..JaneBvlllH, Wis
1293- Jasper (Mo.) Soh. Dls.
1356. -Jewett, Minn
927 Johnetown, N. Y
1355..Joliet, 111
1491.. Kemp (Tex.) Bch. Dls.
100,000
15,000
16,000
tl90»-l»I4
tl914-1924
1908-1914
Boh, Dlst
1292..Findlay, hlo
1292. .FIndiay. Ohio
1292.. Findlay, Ohio
1292. .Flndlay. Ohio
li2
101 973
103-625
<H
5
6
6
5
5
4
5
It
10000
4is
4ifl
lfO-925
104-604
103-571
ion
in. 000
1
5
4>s
100&09
1921-1930
1906-1916
1924
4
5
5
101-515
1805 1923
1924
4ifl
1490..Falmon»h. Mass
1051. FergQc Falls (Minn,)
Ijl.
Month of
19061907
4
N Y
4
1292. .Cornnna, Mich
5
987.. Covington, Ohio
5
987..Crawf.ird Oo.,Ind
A^
l354..CDmberlai)d Co., N. J. 4>«
1292..Dalbart (Texas) Ind.
Soh. Dlst
6
14PO..DarkeCo.,Ohlo
5
1490. Darke Co., Ohio
6
1490..Deland (111.) Bch. Dls.
No. 67
4
1 050.. DelphoB, Ohio
5
1354..DeBhler, Ohio
6
The number of municipalities emitting bonds and the num- 1364 HarrlBonburg, Va
1051- Harrison Twp. Bohool
Diet, Ohio
ber of separate issues made during Sept. 1904 were 206
1354..Harvey,
Dak
and 247, respectively. This contrasts with 212 and 816 for
988. .Henderson, N. C
August 1904 and with 182 and 225 for Sept. 1903.
1366. .Holyoke, Mass
For comparative purposes we add the following table, 1293 Hndeon, N. Y
927. .Hudson Co. N. J
showing the aggregates for September and the nine months 1355. -Ionia, Mich
for a series of years.
4,000
22,oro
4
6
5
1298..Groton, Conn
$700,000.
1924
1984
5
4
I490..Clalrion(Pa.)8ch.Dls.
1490. .Clarion, Iowa
1292.. Clear Lake. Iowa
I0.^0.. Cleveland Hei(iht8,0.
1050..0loqnet, Minn
1490..Cooiidge (Texas) Bch.
Seh. Diet. No. 105..
MUNICIPAL BOND SALES IN SEPTEMBER.
11924-1934
1920-.924
70.000
20,000
6,500
4»«
Mont
Dak
14P0..UlmmltCo..Tex
1292— Donglas Co. (Wash.)
NEW^ YORK.
Post Otfiob Box 958.
i
6
.
For On« Year, Inoladlng
For 8tz MonthB
Amount,
1353..Bra<ldock (Pa.)Bchool
l292..Brano Twp Minn....
1353. .Bryant (8. Dak.) 8ch.
DlHt
987..BurllDwtoii,N J
1353. .Buiterfleld. Minn
1490. .Camden. N. Y
1292. .Canton. Onlo
1292..CarbODd«le, Pa
PT7BLI8HKD WEEKLY.
Terma ot Subscription— Payable in Advance:
MaturUu.
Vol. Lxxix.
1,200
105-416
1905-1911
1924
1923
19051914
11924 1934
1906-1908
1919 1932
1924
1912- 930
1924
11919-1934
1907-1910
11914-1924
5
I
1914
1919
1905-1914
1908 1917
1944
1906 1912
1905-1923
3,500
20,000
7,000
100187
100
100
101-25
104 395
7.2=iO JlOO
15,000
1,500 100
4,000 102 08
14,000
123.000
100,000
150.000
30,000
800
101-099
102-50
:0138
100
103125
8,000 100
5,000 108 50
10.000 104
10.000 100-345
26,000 103 31
65,o(j0 109-78
4. COO 101-25
19,000
9,0'i0
2 000
1905-1916
1914
11908-1923
1905-1909
1906-1912
1914
1914
1905-1914
1906-1912
1924
1908-1914
1944
11909-1924
1P05-1914
1906-1903
1906-1909
1906-1914
12,'00
58,8
100
107-76
105-512
9,000
14,208 ic6-635
15,000 103-566
6,000 100
f,000 100-375
6,828 100
2,600 U0 60
1,400 100
15.0iO 101 50
7,505 1<
60,000 100
2,500 100
6,400 102 109
2,300 101 043
4,000 101 -.50
6.000 100-762
2,200
6,000
5
4
Ti914-'i924
5,000
2,500
'92-40
102-171
5
119141919
5
4
4
1905-1914
1924
1909-1983
3,500
6.000
65,000
50.000
6
1907-1910
1,700
100
4i«
1916 1919
15,000
4.000
6,000
100
6
1914 1924
5
6
5
1906 1914
1908-1917
1913-1982
1906-1914
4>«
4
4i«
1934
106025
102 81
100-631
9,000 tl03-811
6,644
6,000 ......
13,000 101-384
1,800 100
36,000 104-25
,
Oct.
THE CHRONICLE
8, 1904.]
Name.
FiMit.
Eate.
5
4
988..M:iltOD, Ohio
988..Mlni)eapoll8. Minn...
Maturity.
1932 1935
1933
313
988..Mltine8ot»
1365..Moneti, Mo
1293. .Montgomery Co., Md.
1293.. Montgomery Co , Md.
4%
5
4
1294. .Montgomery Co., Mlas 6
1355..Moorpark 8oh. Dlst.,
Cal
5
988..Montpeiier, Ohio
4ifl
(2 issne^)
1356..Mount Morris, N. Y...
1356..Monnt Pieaeant, N. Y.
1491;. Ne>f8unee, Mich
4>fl
4
5
1366.. New Roohelle, N. Y,..
4
3
1491..NewYorkClly (13 is.)
988.. Northumberland Co.,
Pa
4
1905-1910
190n-1924
1909-1914
1919
1906-1912
1905-1924
1914
1907-1921
1929
Amount,
3ifl
Northampton, Mass..
1491
988.. North Andover, Ma.88.
1294..Norwalk, Ohio
1052.. Norwood. Ohio
1491.. Oak Harbor, Ohio
1062. .Otero Co.. N. Mex....
1294.. Oxford, Ohio
1856.. Parker's Pratrle.Mlnn
1052 PatohoRTie, N. Y
1294..Penn Yan. N.
Y
1491. .Pine Bluflf. Aik
1356..Port8montb, N H
989..Port Vne. Pa
149l..Pralrl«Dflpot. Ohio
1294..PalaBkl Co., Ind
3^
4
4
4I2
5
1924
190^ 1909
6
tl919 1934
1905- 19U9
6
5^2
1914
3-85
1909-1921
1909-1922
3%
1905-1910
7
1924
4
5
1934
4ifl
1053..PQtnamOo.. 6a
4ifl
989.. Putnam Co.. Ohio
5
1294..Ramapo, N. Y
4
1294. .Ravenna (Tex ) Sota.
Diet
1294.. Red Cloud. Neb
1356.. Richland Co., Ohio...
1857..Bldgelev,
989..Klver
Md
...
Rouge,
1.000 10060
11,000 103 054
7,000 101
10,100 100-485
15,000 100
30,000 10301
2,922,00011100
185,000
6
4i«
5
5
i905-i92'4
1965'-1909
1907-1917
1909-1924
tl914-1924
1905-1907
4i«
68
1294.. Raelnaw, Mich
1357. .Saginaw, Mich
1053.. St. Marys. Ohio
1291. .Salem, Mass
1498..8aUm O0..N. J.
4
4
5
S^a
1905-1908
1910-1914
190S-1914
1914
1905-1944
4
1357..8andyTwp.8oh. Dlst
Pa
4i«
3.S.00O
1493.. Sawyer (N. D.) School
Dlst
1357..8oanlon, Minn
929..8orantoD, Fa
929..8cranton. Pa.
1857..f»hawangutik,N. Y....
1294..Shpraden (Pa.) School
2,000
22.000
33.600
15,000
100
100
101 44
100
2,000
50,000 100974
100 098
8,000 106-50
200,000 101-139
20,000
15.000
1905-1911
7,000
4
4
1924
1906 1920
1905-1929
1905-1923
5
tl909-1924
1934
6
4
tl914-1934
19051924
14'>3..Tazrwell.
6
i90'6-i9O9
5
4
18051914
"1934""
1295 Terr«oe Park, Ohio ...
1054. Thorston C!o., Wash..
1054..VaidoHia, Ga
990. .Van Wert, Ohio
. .
.
3^
4
Dlst
1493. .Warren, Ohio
990.. Warren. Pa
990. Warren Co., Tnd
1055..Watervllet. N. Y
1869. .Webster yroves. Mo..
1296..Wes-t Covington, Ky..
l493..We8tflold, Mass
1359. .Weston, Ohio
990.. West Orange (N.
Sch. Dlst
5
5
5
1906-1915
1919
4
1295..Ventnor City, N.J
1295..Ventnor Oltv. N. J....
1295..Vlnoenne8 (Ind.) Sch.
1908-1914
1906-1920
tl914-1934
1906-1908
1905 1911
1924
1909
5
4
6
4
5
41a
41a
Soh. Dlst
1493. .Whatcom Co. (Wash.)
Sch. Dlst. No 6»....
1295. .White Plains, N. Y....
Conn
1919
100733
10230
IC'O
100-01
40,000 100-293
12,000 100
1.100 104-18
36,500 100
20,000 100
6,500 104 664
29,000 100
24,000 100
85.000 101-61
15,000 106-33
101 25
J 35,000
102-50
I 6,000
.S,666 100
7,550 100
15,000 110-166
12.800 100195
52.000
2,500 100
J.)
1924 1929
1295..We8tWa8hlngton(Pa.)
1359..Wlikln8barg, Pa
101-47
34.9-!4
4I3
..
4
100 676
1,800
7.600 100
100.000 105-662
38,000 104-275
24,000 103-90
30,000
75,000
1,000
7,000
6
135 8.. Soled ad 8oh. Dls., Cal.
1493. .Sprtcg Grove, Pa
980. .Starke Co., Infi
1054.. Tarry town. N. Y
Va
19261934
5
tl90.5-1909
4
4
4
4
1934
1914 1934
1929
1928
190S 1914
1905-1909
1934
tl909-1934
1905-1914
1493. .Wilmington, Del
1296. .Wilmington. N. Y
5
1055. .Wood Co., Ohio
6
1296.. Worcester, Mush
8>fl
1493..Wrl«ht8vlile, Pa
4
990..X^nl», Ohio
4it
1035.. Yakima Co. (Wash.)
Soil. Dist, No. 74....
1298..Yaklm.» C.). (W»8h )
Boh Dlst. No. 61 .1296. .Yakima Co. (Wash.)
Sch. Dlst No. 65
1493. Yellow Si rings, Ohio.
1296. .Yoakum, Tex ....
1296.. Yon kers, N Y....
.'."
1296.. Yorkvllle. Ill
1056. YonnKstown,0. (31s.)
1850..Y<iUDg8town, Ohio
lS59..Youngetown, Ohio
11906-1924
tl905-1914
11905-1914
1906-1914
11914-1934
1924
1908-1910
1906-1912
1906-1908
55.000
101-57
20,000
102-50
1.600 100
23,0 O 105 03
50,000 102-77
50,000 107-527
10,000 104-15
2.500
50.000 102 005
60,000 102 535
8,000 101-76
89,500 101-51
1,000
1,000
100
100
I47.0i
31*
4
4
98-77
80,000
$1,273,322
REVISED TOTALS FOR PREVIOUS MONTHS.
The following items, included in our totals for previous
months, should be eliminated from the same, as the sales
have not been carried to completion.
We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
Name of MumHpality.
Page.
Amount.
1490..Elyrla, Ohio (August list)
1491..MlliburnTwp., N. J, (August
1493. .Salem Co .N. J. (August list)
1493. .Toledo. Ohio (August list)
1295..We3t Covington, Ky. (June
$63,960
36,000
50,000
100,000
12,800
list)
list)
Bond Proposals and Negotiations thii
week have been
as follows:
S'a/e.— On October 1 the $44,000 i}4%
bonds described in V. 79, p, 1049, were
awarded to Parkinson & Burr, Boston, at 101'70 and interFollowing are the bids
est.
Parkinson & Burr. Boston... 144,748 00 Fuller. Pargons & Snyder.
Akron, Ohio.— Bond
street- aeeestment
:
I
J. Hayes & Sons, rieve... 44,716 00
Cleveland
144 443 00
Atlas Nat. Bank, Cincinnati.. 44,660 00 A. Kleybalte &, Co., Clncin. .. 44,886 00
Seasoneood & Mayer. Cincln. 44.470 25 Prov. Suv. B'k & Tr. Co.. Cln.
Par
Sec.Sav.Bk.&Tr.Co..Toledo. 44.467 60
W.
I
|
Alliance,
Ohio.— Bond Sale.— On October
3 the $88,000 4%
refunding bonds described in V. 79, p. 1049, were awarded to
N. W. Harris & Co., Chicago, at $101 premlnm, and the three
issues of 4% eewer bonds, aggregating $3,472, were awarded
to the Alliance Bank Co. of Alliance at par. Following are
the bids on the refunding issue
N.W.Harris & Co.. Chicago.... fSS.lOl Alllatice Bank Co
Par
SeasoDROod & Mayer (less 1500
VV. J. Hayes & Sons (less $760
:
100
10,830 10265
18,500 100
60,000 107-375
4,000 100-875
3 170 101-81
12,085 103-45
420 100
'Average of dates of maturity, t Subject to call In and after the
earlier year and mature In the later year. 5 Not Including $16,8.16,487
of temporary loans reported and which do not belong In the list:
also exoluden .$^,50(1,0 JO general fond bonds of New York City,
Taken by sinking fund as an Investment, And other considerations.
In addition to tbe above we have recorded during the
month of September the following sales by mnnicipalitieB outside the United States.
t
for expenses)
Par
for expenses)
|
Par
Amsterdam
(N. ¥.) Sihot.l Disirict.— Bond Btds —Following are the bids received September 28 tor the $76,600 i%
bonds swardf d, as tt&Ud last week, to N. W. HaJsey
Co.
of New York City
N. W. Halsey&Co., NewYork.lC8'15
Amsterdam Bavings Back
106*86
Rhoades & Kichmond. N. T
107-89
O'Connor * Kahler. New York.105'17
N W. Harris & Co., New Yorfe.. 106-88 houit H Roberts. New York. ..1( 6-17
W J. Hayes & Sons, Cleyelaiid. 106-565 Harrlman Jk Co.. New York.... 105-07
Lawrence Barnum & Co-.N. Y..10ti-i7
Kountze Brcis., New York
104 628
&
:
|
New York
lOa-rs
B. A. Kean.fibicago
102-60
New York... 105-5? R. M. Grant & Co.. New York...l02'ie
New York
106-t3
W. K. Todd &Co.. New York. ...101-95
Artesla School District No. 16, Eddy (oonty, N.
ibond
Q^eTnrjfl'.- The County Treaturer is cffericg lor sale $10,C00
6% 10-20-5 ear (optional) coupon pchool-houee bonds of this
distiiot.
Denomination, $500. Date, Oct. 1, 1904. Interest
January and July in Ariesia. Bonds are exempt from all
Albert C. Case.
E.
Seymour &
Co..
QeorKe M. Hahn,
I
M—
taxes.
Ashland, Ky.— Bond Sale.— On Oct. 3 the $30,000 Qi street
bonds, offered but not sold on Sept. 19, were awarded to John
Rnssell and L. N. Davis, of Ashland, at par and accrued interest.
See V. 79, p. 1049. for description of bonda.
AttleboroDgb, Mass.— Bond GJTf ring.— Proposals were
asked for until 5 p. M, yesterday (October 7) by Frank I.
Babcock, Town Treasurer, for $20,000 4% water-supply bonds.
Denomination, $1,000. Date, Oct. 1, 1904. Interest, semiannual. Maturity, Oct. 1, 1934. At the hour of going to
press we had not learned the result of this offering.
Ballard, King County, Wabh.-Bond Sale.—Oa, Sept, 27
the $25,000 water-extension bonds, described in V. 79, p. 987,
were awarded to N. W. Harris
Co., Chicago, at 101 -34 and
interest for 43^ per cents,
FollowiuK are the bids:
N. W. Harris & Co. (for 4^8) ...$25,835 Morris Bros. & Chrlstensen (for
MacDonald. McCoy & Co. (for
4)^»)
»25,00000
&
I
|
4>t8)
25,150
Baltimore,
&
...
Mercantile „
Trust
Royal Trust C». Kor ^b)
Seasongood & Mayer (fores).
.
A_
Deposit Co..
Sale.— Oa October 6 the $100,000
3i^« water and the $107,500
SJ^i
p, 1353, were awarded to the MerCo. of Baltimore at 111'41, 115-27
Following are the bids
:
HOr.OOO
Conduit Loan.
Bait
Hambleton & Co Baitimore
Baker. Watts 4 Co Bnliimore
Koiintie Bros New York
Vprmllyea Co.. New York
Towusend Scoiti Son and Wilson, Col,
III-41
110-672
110 125
,
ston
4
Co., IJaltlmore
HarriNOn & liDuse
NHtional .Ma'ino Bank
.
Bros.
& Co
Baak
Frank Ko-enburK A Co
Security .storaHo * Trust Co'
K H. (Jay &Co.. Bostiin
O'Connor* Kahler, New York
rierroC. DuRau
$107,500
1H46 L'n.
ll«-78
112-68
111-P6
112-64
112-4>'S
10967
112 88
11510
112078
11.J26
112-787
lOu-52
AmeriCHD Bondli.^ Co
Wolfe
109-787
192.600
Water L'n.
116-27
ll:V772
113-50
•iLft'-J'S "i**? RQ
113-007
109-77
109-783
Oerman American Bank
Weiitern National
2fl.081 00
if6.055 7B
Md.— Bond
S}4% conduit, the $92,600
bonds described in V. 79,
cantile Trust
Deposit
and 115'10, respectively.
,,
I
.
500
Total bond sales for Sept. 1904 (206 municipalities, covering 247 separate issues).. (910,418.221
Tf
1924
£65,000
$10 000
Price.
100
100
99
I
5iJ,000
tl907-1915
4
Wto
1940
4
4
5
Total
100171
30,000 100
47,000 106-651
20,000 107-17
7,500
33,800
30,000
33.000 101 60
26,000 100-533
6
Cal.
1491. .Manitoba
988. Ottawa. Ont
1053. .Port Arthur, Ont
10.54.. Toronto, Out
1 491.. Victoria, On: t
990. Windsor, Ont
$12,000
40.000
638,000
1
1053. .Santa Marie Hoh. Dis.,
1359..Willimttni1o,
10110
School
Dlst. No.
Dlst
1295.. Sheridan,
2,ft00
5
8.000 tlOO-312
13,000 100
17,000
4
(111.)
30,000 TTIOO
85,000 100-40
11.000 102-56
1,750 100
15,000 10830
6,000
7,000 105
Mloh.
(2 issues)
1053..Rockford
tl914-1934
1905-1921
1905-1915
1905-1909
Name.
1353. .Areola, Aesa
Page.
106 075
105
988..Norrl8town (Pa.) Sch.
Dist
Bonds Sold bt Cakadian Municipalitikb.
Rate,
Maturity.
Amount.
Price.
4,000 108'643
150,000 11083
700,000 100
18,800
3,000 105-216
28,000
25,000
1489
4 Nephew
109-437
1093.5178
112-S91
112-22i
Ic9n2
111-93
111-14
110 01
108-068
101 19
11143
lil«-49
luSMo
10i!-nB2
10062
lld'.sS
llrH-DO
10i!-0l!2
10|-!i3
111-76
Bayonne, N. J.— Bond Offering.— PropcsaU will be receivei until 8 P. m., October 11, by W. C. Hamilton, City
Clerk, for .$65,000
gold building bonds. D^te, Oct. 1, 19C4.
Interest, January 1 and July 1.
Maturity, 20 years.
Bellevne, Kj.— Temporary L.ortn.— The City (^ uncil has
directed the Mayor anrl City TreHsurer to borrow $1,6U0 from
the Campbell County Bank for use of the fire department.
H
—
n\K CHRONICLE.
:
!490
fil?
Htoneljap, Ya.- Bond Offertng.—ThiB town in aoktDv
BOyear gold water and imfrovemtnt
for bids for 1^0,000 b%
bonds.
Brl8tol County (P. 0. Taunton ), Mass.— A'o<e Q/Tering.—
ProposalB will be received uutll 10 a.m., Oct. 20, by the
County Commissioners. &• o. T. Darfee. Chairman, for |40.D^-nomination, $30,000. Dnte, Oct. 21,
000 4« boildiug notes
Inttrt-at. semi-nnnnal.
Maturity, Oct. 21, 1907.
1904.
Boffilo, N. Y.— fiond cyTertnp.— Proposals will be received
until 12 M., Oct. 11, by F. W. M. Heerwagen, City Comptroller, for the foi] 'winj? bonds
:
$150,00000 ^iii 1-20 year (aertal) rcKlsterod conaolidatcd ucboolloan bonds,
(iHiad Oci I. iR"«.
•68.476 49 8H» '> yenr (Bfrtnl) reulstered tax-loan bond*, dated Oct. 1, 1904.
ei.OOOOU 3y% l-l'i-jear merlal) reKUiered Krade-croBNioK bunds, dated July
16, 1U05.
Interest will be payable semi-annually at the ofBce of the
City Comptroller or at the Gallatin National Bank, New
York City. Separate proposals must be made for each iesue
A certified checb for 2^ of the bonds bid for, payable, without conditions, to F. W. M. Heerwagen, City Comptroller,
must accompany prop sals.
l.—hond Sale.— The $40,000 electrlc-lipht
on September 6 were awarded to W. J Hayes
Sons, Cleveland, at par for 8^4 Per cents. See V. 79, p.
Camden,
bonds
&
N.
offi-red
925. for description of bonds.
Carbon ( onnly, Mont.— Bond Sale,— On September 30 the
$10,000 20-year coupon lundicg bridge bonds described in V
Co,, Chicago, at
79, p. 926. were awarded to N. W. Halpey
1()8'625 and itteteFt for i'U. per cents. Following are the bids:
For iH Per Cents.
For 5 Per CenU (Cont.3
108-50
N. W. Haloey A Co., Chlcaeo.... 103-625 Kane & Co.. Mlnueiipolts
John NuTeem no.. Oh icauo.... 101-90 N. W. Harrlo & Co., ChlcaKO... .108-26
&
I
^ft
I
Forb Per CrnU.
John Nn-reen a
Royal
F. B.
Co.. bic
Trnat Co., Chicago
Sherman
1
A.
Co
I
108 30
104-675
US 60
|
I
New York
Union Bank & Trust Co
108-10
Chat. H. Coffin, Chicamo
101-126
Albert C. Case.
10',i-60
I
Casiade Conntj (P. 0. Great Falls), Mont— Bond Offerbe received until 10 a. m November 14,
by Fred. L. Hill, County Clerk, for $10,000 4% 10 20-year
(optional) coupon bonds. Securities are issued under authority of Article 8, Chapter 2, Title 2, Part 4, Political Code of
Montana, They are m denomination of $1,000. Interest will
be payable Jan. 1 and July 1 at the office of the County Treasurer.
A New York draft or a check certified by a Great
Falls bank, payable to the County Treasurer, for $500, must
ing. —Pro-poeei,]8 will
accompany
The
,
proposals.
offldfil
notice of this bond offering will be found among
the advertisements elsewhere in this Department.
The $1,2S1 46
Central Covington, Ky —Bonds Not Sold
Qf Sterrift Ave. and $11,000 6% Madison Ave. improvement
bonds, cflfrired on Sept, 21, were not awarded.
Clairtoa School District, Allegheny County, Pa.— Bono
Sale.— We are informed that the $70,0C0 i}4% coupon school
bonds offered without success on June 15 have been plactd
with Lawrence Barnnm & Co., New York City. See V. 78,
p. 2399, for description of
Clarion,
bonds.
Iowa.— Bonds Awarded.—The
$15,000 i}4i 5-10
year (optional) water- works bonds offered on September 21
were awarded to W. J. Hiyes & Sons of Cleveland for $15,
Denomination, $500. Date, Nov. 1, 1904, Interest
227.
semt- annual.
Cleveland, Ohio —Bond Q^ertng.— Proposals will be re
ceived until 12 m., Oct. 81, by J. P. Madigan, City Auditor,
for the $184,000 ii coupon sewer bonds. Securities are dated
Oct. 1, lfl04. and will mature Oct. 1, 1927. Denomination,
$1,000. Interest, semi-annually at the American Exchange
National Bank, New York City.
certified check on a national bank for 6)K of amount bid for, payable to the "Treasurer of the City of Cleveland," is required.
Bids must be
made on blanks obtained from City Auditor. Purchaser to
A
pay accrued
interest.
onnty (P. 0. Frankfort), Ind.— Bond Sale.— On
Oct. 4 the |3,0OO
gravel-road bonds, described in V. 79
p. 1854, w«re awarded to the American National Bank of
Frankfort at 105 741. Following are the bide:
Clinton
(
H
American Nat. Bk.. Frankf't.. 13,172 26
T. N. Lncao. Krankfori
.... 8.150 00
First Nat. Bank. Frankfort... 3,116 00
—
I
Saul Shortle. Frankfort
8.
I
A. Kean, Chicago
$8.162 00
8,045 00
—
^t»nd Election. An election will be held toCijde, Ohio
day, October 8 (postponed from September 10), to vote on the
question of isening $8,400 4^% coupon water-works improvement bonds. Derominatlon, $500, except one bond for $4f
Interest Femiannu^<l, Maturity, $500 yearly on October 1
from 1915 to 1930, inclusive, and $400 Oct. 1, 1931.
Cold Spring, Pntnam County, N. Y.—Bond Sale.— On Oc
tober 1 the $45,000 1 30year (serial) sewer bonds described In
V. 79, p Vi^i, were awarded to N. W. Harris & Co., New
York, at KlO 0^9 and interest for 3"75 per cents. Following
are the bids
Rate. nui.
W. Harris * CcN.Y.fO-OVO. 8-76%
O'Connor A Kahlfif, New Vork. 3-8m%
N. W. n»lney & Co New York. 8 8
I. W. tjuerrlll, PoaKbkeepsie... 3Vb%
Bate
I
liUi.
& Co., New York. 4 00«
\V J. Uavs * Honii, <"levei»nd. 400*
4-0ii«
(leo. M. Hahn, New York
Kountze Bros., New York.
.. 40 *
Conlle^^Tille, i n<l.- Bond SaZe.- On Octoher 1 $24,000 4!f
funding bourts were awarded to Meyer & Kleer. InoiauapoDenominations, twenty for $1,000 each aid
lls, for $24,805.
eight for $500 each. Date, Oct. 1, 1904. Interest, January
and July, Maturity, Oct. 1, 1914.
Coolxtge (Tex.) luoependent School District.— Bond
/SaZe.— This district bas sold to the State Permanent School
Fund at par and interest an issue of $3,500
5-20-year (optional) echool- house bonds, dated July 80, 1904.
Farson, Leach
N.
.
JE
I
I
I
H
[Vol. ijiiix.
Cornli g, N. l.—Bond 8ol«.—Oa Pepterober 29 the $15,000
4% river ituprovement bonds described In V. 79, p. 1050 were
iwarded to Geo. M. Habn of New York City at 106"98 and
interest.
Following are the bids
'Jeo. M. Habn. New Vork
$16 030 BO N. W. Harris* Co.. N. T....$16,777 00
Semoneood 4 Mayer. 'Inoln. 1 ..9ZM i5 •«. ». U-ht^. rh\'-m.en
ia.4W00
<v J Hares ft Sons. Cleve... 15 b«l 00
Q W. WelliO(.'ion. Cornlnff.. 15.i07O0
i)enlB()ri, Prior ft Co., CleveW. K. Todd A Co.. New York. 16.0x6 00
:
l
I
I
land and Boston
16,57d 00
I
Drtrhe County (P. 0. Hreenvllle), Ohio.— Bond Sale.— On
September 29 the $75,000 r)% road and itDe $.'5 000 6* ditch
bonds desciibed in V. 79, p. 1'50, were awarded to Seasongood & Mayer, Cincinnati, at 102-010 and 10M4 and interest,
respectively. Following are the bids
:
ITB.fOO
Jlnad Boruli.
$7«.M2 dO
7d.«26 60
RRasonirood A Mayer. Cincinnati
New First National Bank. Columbus
The Karmers' Nait< nal Bank and the Second
National Baik. Greenville
Weil, Roth A(V... Cincinnati
W.J Hayes AS np. Cleveland
Union tiaviUKB Bank A Trust Co., CInclnnall
$85,000
Ditch BoruU.
$26,28^00
26,«16 00
7e,027f0
76.10-2 50
26.V4T 80
88.171 00
7«,CI8O0
76,' 5 00
86.11S6
261:000
1
60
DuTi8«>n County (P.O. Mitchell), 8. Di»k —Bond ca^ertng.— Proposals will be received until Octoter 11 by O. D.
Seams, County Auditor, for $28,000 4}4i coupon refunding
bonds. Denomination, $1,000, Date, Nov. 1, 1904, Interest, April and October in Mitchell.
Maturity, 20 years, subject to call aft( r 10 years. Bonded debt, including this issue,
$48,000.
Assessed valuation 1904, $3,683,867.
Deland School District No. 57, Piatt County, 111.— Bond
Sate.— Oa Sept. 24 $5,000 4% 5 2iJ-year (optional) school-house
bonds were awarded to
B. Trenchard. of Deland, at par.
Denomination, $500. Date, Oct. 1, 1904. Interest, annually
in October.
Diuimit County, Texas.— Bond SaZe,-The Stat* Permanent School Fund has purchased at par and interest the
$3,800 414% 5*0 year (optional) bridge-repair bonds registered
by the State Comptroller on September 15.
Elmo (Tex.) iLdependent School District.— Bond Sale.
The $4,000 4% building bonds offered without success on
Aug. 6 have been sold at private sale to H. N. Svvain of
Houston for $8,600.
See V. 79, p. 648, for description of
bonds.
£1 Paso de Robles (P. 0. Paso Bobles), San Luis Obispo
County, Cal. Bond O^ertny. — Proposals will be received
un'il 7 P. M., Oct. 17 by L. E. Williams. City Clerk, for $25,000 5% gold coupon bath-house bonds. Denomination, $1,000.
1 terest, semi-annually at the cfiSce of the City Treasurer.
Maturity, one bond yearly. Certified check on some bank in
California for $1,250, or else cash to tnat amount, required.
Bonds were authorized at election held July 29, 1904. The
city has no debt at present.
eijria, Ohio.- Bonds Be-atrarded.— The $63,960 5* Middle
G
—
Avenue improvement bonds awarded on August 16 to Fuller,
Parsons & Snyder of Cleveland were refused by that firm on
account of a technicality. The City Council has since refunded the bonds with new 4}^ P^r cents, which have been
sold to W. R. Todd & Co. of Cincinnati at par. The refunding bonds are in dencmination of $iOO. Dite, Sept. 1, 1904.
Trust
Interest semi-annually at the United States Mortgage
Co., New York City. Maturity, $5,480 Sept. 1, 1905, and
$6,000 yearly on September 1 from 1906 to 1913, inclusive,
&
and $10,600 Sept. 1, 1914.
Falmouth, Mass.- i)escWpftonor Bonds.— The $40,000 3Ji«
water bonds awarded on September 27 to Ea^abrook & Co. of
Boston at 100-137, as stated in the Chronicle last week, are
in the form of coupon bonds of $1,000 each, dated May 1,
1903. Authority, Chapter 331, Laws of 1902, as amended by
Chapter 128, Laws of 1903. Interest, May 1 and November 1
at the International Trust Co., Boston. Matuiity, $2,000
yearly, beginning May 1,1918, Legality of bonds has been
approved by Robert M. Morse of Boston.
(^lardena School District, Los Angeles County, Cal.— Bond
i>ale.— On September 26 $4,000 5% bonds of this district were
awarded to the Oakland Bank of Savings at 102-08 and interest.
C—
Bond O^ering— Proposals
Greers School District, S.
be received at any time by E. C. Bailey, Treasurer
Board of Trustees, for the $10,000 coupon sch<^ol-bnildlng
bonds authorized at the election held Sept. 8, I9f^4. Interest
(rate to be named In bids) will be payable In December at any
place designated by purchaser, Muturity, 20 years. Bonds
are exempt from taxf s. The district has no debt at present.
Harrison, N. J.— Bond Sale.— The following bids are said
to have been received on 0.;tober 4 for the five issuffi of 4%i
25-year bonds aggregating $381,000, described in V. 79,p.
will
1293:
West Hudson TrnBtCo
101-47
101 OS
Konntre Bros., New York
M. Grant & Co.. New York. .10100
K
irarson, ijeacn
ACo.,New
Vork.lOO-tt07
Hudson County (P.
— Proposals
I
|
i
Smith
ACo
tOO'BO
10007$
W. lialuev A Co.. N.T
W. B. Todd 4 Co., New York.. .100-00
N.
I
0. Jersey City), N.
J.— Bond
Offering.
by the
Board of Chosen Freeholders, for $800,0(0 4% coupon park
bonds. Denomination, $1,000. Date, Nov. 1, 1904. Interest,
semi-annual. Maturity, Nov. 1, 1954. Certified check (or
cash) for $5,000, drawn on a national bank or trust company,
payable to the order of Stephen M. Egan, County Collector,
required. John P. Egan is County Clerk.
The ofJUeial notice of this bond offering n-illbe foundamong
will be received until 4 p. m., Oct. 24,
the advertisements elsewhere in this Departmerit,
Joplio, Mo.—Bond Sale.-Oa October 1 the $30,000 5;^ 5-20year (optional) electric-llght-improvement bonds described
Oct.
8,
THE CHRONICLE.
i904.J
&
Co., Chiin V. 79, p. 1051, were awarded to John Nuveen
cago, at 104'^66 and interest. Following ar^i the bids
John Nuveen & Co.,Chloago.t31.400 00 N. W. Halsey A Co., Chic. ..$.3) ,012 50
N. W. Harris s Co.. ChloaKO. 81,'-i60 00 Union Sav. Bk.&Tr. Co.,Cln.. 30,Hhi oi
W.J. Hayes* Sons, Cleve.. 31,167 00 SeasongDOd & Mayer, (Mncln. 30.94t 80
Farson, Leach & CcChlcago. 30,935 00
Denlson, Prior* Co., Cleve30,68160
land and Boston
Boaas ate io denomiuatiou of §'^03, dated Sapt. 1, 1904.
Jaliaeitii, Idaho.— ^ond O^erw'j.— Proposals will be received until October 24 for ?5,00i) 6if 20-year gold registered
water-worfes bonds, dated Aug. 29, 1904. Interest annually
In Juliaetta.
Juniata School District, Fa.— Bond Sale.— On Oct. 3 tbia
district awarded an issue of $12,000 5? 15-30-year (optional)
school-build 'ng bonds to Hiyden, MlUpr &Co., of Cleveland,
at 104 77. Denomination, |500. Date, Oct. 1, 1904. Interest,
:
I
I
I
I
semi-annual.
Kemp (Texas) School 1) I etriet.— Bond Sale,— Th\s district
has disposed of to various counties in Tt-xasan ipsueof $9,GC0
4% 5-20- year (optioral) fohool-house bonds. Denomination,
Date, June 1, 1903. Iit»^ rest, annual.
KeadaliTllie (Ind.) School J) i&trict.~ Bond Sale.— Oa October 3 he $26,000 4% school Ironds described in V. 79, p
I
&
Co., Indianapoli?, for
1293, were awarded to E. D, Baeh
$26,400.
F' linwirgr are tbw hide :
B. D. Bash & Co., Indian'lls..*2",400 00 E, M Campbell & Co., Ind'll8t26,825 CO
R. Kleybolte&Co.,Clnoln... 26,34-) 00 And five bids for smaller amounts.
I
|
Kit»op Conwly (Wash ) School District Mo. 42.— Bond
Offering -Proposals will be rect^ived until 12 M to-dav {October 8), by C. W. Clausen, Coonty Treasurer, tor $2,450 gold
coupon school bonds at not exceeding 6% imertst. Djnomination, $IC0. Date, Oct. 8, 1904. let-rest payable in Port
Orchard. Matnrify, 10 years, subj=ict to call afrer 5 y^ars.
La Monre, jN. Dak,— Descripttcn of Bo ids.— The |3,500 G^
water bonds, which we stated last week had been sold to
Chicago parties, were disposed of to the Browne-Ellin wood
Co. of that city for $2,515, Securities were issued to provide money for the use of the Fire Department. Denomination, $500.
Interest, annual.
Lexington, Miss.— Bond OjTerinfl^,— Proposals will be received until 4 P. M., October 11. by R, C. MoBee, Mayer, for
$35,000 5% coupon sehool bonds. Authority, Chapter 187,
Laws of ^1904. Ddnomination, fl 000. Date, Oct. 11, 1904
(probably). Interest annually in L-xington. Bids are requested on bonds matuiicg in thirty yfars without option,
or on bonds maturing in thirty years, with a five-year option.
Certified cbeck for !(}% of the amount bid for, payable to the
Mayor, rtqnired. Bonded debt at present, $9,000. Assessed
valuation 1904, $l,00<»,000.
Llpan (Texas) School Dlstrict.-Bowd -Safe.— The $2,500
6^ 5 20-year (optional) school- house bonds registered by the
State Comptroller on September 23 have been sold to the
State Peimacent School Fund at par and interest. Securities
are dated tiept. 1, 1904
Lo^au County (Ok)a ) School District No. 75.— Bond Sale
This district has sold an issue of $2,200 school bonds to M,
L. Turner, President Western National Bank of Oklahoma
City.
Loniga Connty (P. 0. Louisa), Ya.— Bond Sale,— The
highest bid received on October 1 tor the $14,000
coupon
bonds described in V, 79, p. 1293, was that of John Nuveea
Co. of Chicago at 104. The bid i were as follows:
John Nuveen &. Co., Chicago... If 4-00 A Fileybolte& Co., Cincinnati.. lOO'Ol
—
H
Millbarn Township, N. J.— Bond* i2e-«o?d.—The sale of the
sewer bouds awarded oa Aug. 25 to T. W. Ste-
$35,(J00 414
phens & Co., New York, was not consammited for the reason that J. H. Caldwell, Esq., of New York City, advised that
bonds could not be issued for a longer period than thirty
years, whereas the Issue as awarded ran for forty years.
The bonds were reauthorized to run thirty vears, and on
Sept. 22 were awarded to John D. Everitt & Co., of New
York City, at 104 '25. Danomination, $1,000. Dite, Sapt. 1,
Mtturi'y, Sept. 1, 1934.
Interest, semi annual.
1904,
Moant Gilead, Ohio.— Bond Q^eringf.— Proposals will be
received until 12 m., October 8, by Wm. F. Wielaad, Village
Clerk, for $8,000 6% improvement bonds.
Moant Vernon, N. Y.—Bond SaZe— Following are the bids
received October 4 for the $15,000 4% highway-improvement
and the $30,000 4% sawer bonds described in V. 79, p. 1052
:
$15,000
—
Manitoba.— i>{5e>«.rztre iaie.— Ou September
21 the $40,000
Southern Judicial District Luildiog debentures described
in V. 79, p. 927, were- sold at par less ccmmission. Dcnominatior),$l,CO,».
Date, Oct. 1,1904,
Interest, January and
4<l
Maturity. Jan. 1, 1940.
Man^fl'ld, Ohio.— i>o?id 8ale.—0a October 1 the $3,600 6^
Sprirg Mill Street sewer bonds were awarded to the Citizers' Nttiotal Bank of Mantfield at 101'4l at d interest and
the $1,lOii 5% Park Av«-ntie sewer bonds were disposed of to
the Cit zcus' Savings & Loan Co. of Mansfield at 101 45 i*nd
interest.
Following are the bids
.*
Manf field
I
See V.
13,600 ioruis.
|3.6r)ii rO
&
I.oim( o.. Maiihfleld
A. Kleybolte & Cii., incinratl
Prov.SttV. Bank i Trust Co., CinclDuatl
Cltlz<'ns'Suvlr.K-<
7W, p. ab8, for description of
,'1,057
$1,100 B/s.
i ,i 4 8
00
1, lit)
$1,747 50
'
8,60000
00
-^
1,10000
bonds.
15 the City Conncil
passed an or oinance prnvidicg for the issuance of $2 400 5%
coupon Btorm-wat>-r-fewer bonds, DdLomlnations, $100 to
$1,000 If.tereet, semiannual. Maturity, $1,200 Sept. 1, 1905,
and 11,200 Sept 1, U06
Meuloa, Ohio.— Bond Sale —The $5 644 5r Wes*^ Waphington Street assessment bonds and the $5, (10 b% West Washington Street impTOvem»nt bonds described in V. 79, p 5*88,
were awarded on Sep'. 26 to Soasongood of Mayer of Cincinnati, at 105 6 Hna 1(8'16 and lnferf8\ respectively.
Mlddlepcrt, Ohio.— Bond .Saif.—Tte $13,' 00 4i^f coupon
etreet-impioveujent bonds off'-red on September 10 w-^re
awarded to Aib.-rt Kleybolt>- & Co., Clncintatl, at 101-3S4.
See V. 79, p. 927, for deecription of bonds.
MllTord, Clermont and llamtlton Coanties, Ohio.— Bond
Sale.— On Sept. 80 'he three Ifsues of 4j bonds aggre^atlog
$1,800 described In V. 79, p. 927, were awarded to the Milford
National Bank at par and acoraed interest.
Bondu Author^ zed.— Oa September
$16,467 no
l",4Ji#65
1«,<75 50
16.3 iO 70
fH2,06i)
31,fl'*9
00
30
31.950 00
3183100
00
»i.>00 00
1K,2U 55
81,76250
3i,6i30o
10.<!H0
16,13800
&
D
ways, play.; rounds, boulevards and drives (.Manhatlau and Richm jcd. $ ;n, (0; Brooklyn and
3
Queens. *2f>,{iO0; The Brcni, $1(1,1(0)
Waier fund (.Vlaobaitan and Bron.x, $10J,000;
.H
Brooklyn. ».'S(i,o(iO; yueens, $.i6,'JuO)
Criminal Court House Maiibaitan
3
Change of Grade, Damage Commissioc, 23d and
•••
3
24th Wards
Additional water fund
3
....
New East River Bidsie
3
175,000
5,000
1953
1953
1953
22,000
6 O,C0'J
1,500,000
100,000
8
1923
10,000
19,'^3
1953
6,000
176,000
3
8
House
lf53
1953
25,000
6,000
]fl5J
•....
Construction bridge over Gowanus Canal, Brooklyn
Mapor plan of Ward
$103,000
1953
1953
3
out, etc, Bedford
Avpniie, Brooklyn
Alterntions and lepairs to Queens County Court
Armory fund
1953
8
3
Sites-for Ca'iipgie libraries.
Openlra, extending, lajinir
One, Richmond
Assessment bonds— street improvements
3
j
n'^^'i*''oY
Total
800,000
1
* $!e,l'28,000
•Outside of the regular bonds taken by the Sinking Fund,
m
t', 500,000
"gen-
.ken the second Issue
eral fund bonds" were lurned over to the fund. T li
(or Ifi.hOO.OuO) of these bonds ths vear under the Soecial Act of the Legislature for the purpose ol releasing the surplus revenuesot iheSmking l-'uiid and
m
ot taxes
allowing the money to be applied to the reducii
The pUn was ex.
pia ned in theCHKONiCLE Mj,rch 14, 19j3. We do not include these bonds In
our raonihly totals.
Iq H-^ldnion to the above bonds, the following "revenue
bonds" (temporary
securities)
were issued
:
Amount
Int. Rate,
3)4
Re^enuobO'ds-Speclal
Revenue bonds-Special
Revenue bonds 19(>4
$1,600,000
Cfl,500
iK
lleveune b nds in04
Kevetiue bom s 1904
2,no0,000
4.900,(00
7,600,000
oOO,000
2!^
2H
bH
Revenue bonds mo*
July.
Citizens' National Bar k,
Sewer Bds.
Maskogee, Ind. Ter.— Bond Saie— Oa Oct. 8 the $100,000
20-year water and sewer bonds dascrioed in V. 79, p. 1052,
were awarded to Lamprecht Bro.
Co., Cl3veland, at 102*50
for 5 per cents.
Negannee, Mich.— Bond Sate.— On September 1 this oity
soli inembill lots to local invrstors. at par, an issue of $15,000
nomination, $500. Dj,te,
5% 10 year Hieonrio- light bonds,
Interest, semi annual.
Sept, 1, 1904.
Newark Union Free School and Academy District No. 8,
Town tf Arcadia, Wayne County, N. Y.—Bond Offering,—
Proposals will be received until 10 a. M,,Oct. 10, by J. A, Reed,
Secretary Board of Educ-ition, for $7,000 4% coupon bonds.
D -nomination, $1,000. Dite, June 1, 1904. Interest semiannually at the Irving National Bank, NfW York City. Maturity, $2,000 yearly on D.-cember 1 from 1910 to 1912, inBonded debt at present,
clusive, and $1,000 Dec, 1, 1913.
AP8"8sed valuation, $1 260,000.
$18,030.
New York City.— Bond Issues,— The following issues of
corporate stock ot New York City were taken by the finking
fund as investments during the month of September :
Ini'st Rate, ilaturitv.
Purpose.
Amount
Improvement and construction of parks, park-
I
I
$30,000
Highw IV Bonds.
W. J. Hayes & Sons. Cleveland
Kountze Brop., New York
Dominick & Uominiok, New York
Heo. M. Hiibn. New YorK
O'Connor (& Kahler, New York
Farsor. Leach & Co., New Vork
N. W. Halsey & Co., New York
&
TrowbriJge & Niver ('o., (^hic.lf 2 50
100-00
Various local bidders
K, Kleybolte & Co.. Isew Yort..l02-c0
jnaLisiee toDi.tjr School IMstrJct No. 2, Mich.— Bjnd Sale.
This district, located in B ar Lake and Pleapanton townshipp, award* d on September 20 an i^sue of $1,700 5% bniiding-repair bonds to Stillman H. Qieen at par. Dt^ncminationp, two for $350 and two f jr $5U0.
Dite, Sept. 20, 1904.
Maturity, one bend yearly from 1907 to 1910, inclusive.
1491
Total
$16,4t!9,500
Norfolk, Va.— Bond Saie.—O' O -tober 4 the three it^auea
of 45r bonds, aggregating 1308,0; 0, deecrlbei in V. 79, p.
13" 6, wero aw.irded to N. W. Harris & Co., New York City,
at par and iatereet.
^orth.•llupt<'n, MrtSS.— Bowd Sale.—Oa September 3) the
185 {'0<» 3i^{ school bonds deecribe 1 in V. '^9, p. 1858, were
iwarded to the Northampton Icstltntionfor Savings at 100'40
and inter-at. Following are he bid-i
BUlie Bros. A Co., Bngton
.Vorthamrtn Inst, for Pav ...100-4'>
XOO-086
100-079
10ii99l N. \V Ilurris * Co.. Boston
K. Iv. my * CO..U iston
fJeo A. Fcrniild * I'o., B iston..liiO H
silodgoi, «errli.l» 0" .1 >"ton..l000d2
:
I
I
|
Jackson
Jt
Curtis.
Boston
1001211
Oak H .rbiir,Ohia.-Bomt
AT.
J.
Uares
The
on Augast
sale.
b
.t
Sons. Boston
.fS.OiO 5«
luO'OO
M*iQ Street
)nfis offered but not sold
8 have been placed.
Ste V 79. p. 645, for dfecription of bonr's.
U8>«egat<hle(Town), N. f.-Boni -iale.—O \ O itohdt 1 the
$20, 'OO 4% cuupou towu-hall rerair b )ud:^ d-«cri!>"d in V. 79,
052. were awarded to Lawrence Baraum & Co. of New
p.
Yorh City at 10301.
Oifijrd (Pa.) School DIftti let.— Bond Ojfermg— Proposals
ly. Secwill be received until 7 r M O ;t. 11, by J. Allen
Duomtnaretary, for $21,000 4i o upon building h:)tjd-<
Date. Nov. 1, 19.14. Interest,
tioup, $100, fiOO and ^il.Oiii).
,
W
s'-ml-annuilly at the Faim»rB' National Birk of Oxford.
Miturity, "about $700 ^Ufiually begirming Nov. 1,1005."
(.'ertifled check for 3^, payable to the abova-named Secretary,
required.
Teru, Ind.— Bonds /lut/iorfeed. -Sewer bonds were
re-
cently authorized by the City Coancll, according to reports,
—
I
THE CHRONICLE.
192
Petalnma, Sonoma Coniity, Cnl.— Bond Offering.- Forther
details ure at hand relative to the ffering on October 17 of
JSf), 000 4? school bonds.
Proposals for the!=e bonds will be
received until 7:80 p M. on that day by A. S. Newbnrgh,
City Ci' rk. Anthority, vote 445 to 98 at election held July
Denomination $875. Interest annually on Jan. 2
25, 1904.
at the City Hall in Petalnma. Maturity, one bond yearly
for forty years. Bonded debt at present, |;7,'0f).
Pliiliidelpliia, P».
f^ywlieate Di88( Ived — The syndicate
formed by J.
W. Seligman
Co. of New York City which
purchased on July 11 the |16,0C0.000 S}{i bonds of the city
of Philadelphia has been dissolved, the last §3,000,000 of the
Toledo; Well, Roth
W
.
City of St. Paul, Minn.,
Pabl'c School Bnildirg Bonds.
CITY COMPTROLLER'S OFFICB,
Paul, Minn.. September 23, 1904.
Sealed proposals will be received at the office of
the City Coiuptroller, by the Sinking Fund Committee, until 12 o'clock neon, on OCTOBkR 19TH.
1904, lor the purchase of One Hundred Thousand
Dollars of bonds ot the City of St. Paul. Minnesota,
for the construction of Public School Buildings.
These bonds are to be issued pursuant to Ordinance
No. 2469 passed by the C ty Council and aopr' ved
September 10, 190l, authorized by Chapter 304 of the
Laws of .Minnesota for the year i.908, approved
April 20, 1903.
Honds are in denomination of Five Hundred Dollars each, and (.'ne Thousand Dollars each, as the
purchaser may desire, with coupons attached, and
dated October 1st. 1904, and run for thirty (30) years,
maturing September 30, I9:i4. They bear iutereat ^t
the rate o» four (4) per cent per annum, payable
«eml-annnally, interest and nrlnclnal payable at tne
financial «Kency of St Paul in New York City. Delivery of ttie bondswill be made at the Comptroller's
office of this city, where payment must be made by
St.
1st, 19' 4.
A certified check payable to the order of the f'ity
Treasurer of St Pau for two (2i6) per cent of the
par value of the boLds bid for, must accompany
each bid that will be considered. Bids will be received for all or any partof the lot The Committee
reserves the right to reject any and all bids.
Proposals must be marked "Bids for School Booda'
and addressed to
LOUIS BETZ, City Comptroller.
J.,
4% SCHOOL BONDS.
Sealed proposals will be received by the undersinned at the office of the Bo«ra of Education In
RIdsewood, N. J., ur til 8 V. M., OCTOBKR 17, 10 4
f. r
he purchase of »r0.00 4:? coupon bonds. >f ihe
Board ot Kducaiion ot IheTownshIp of hidgc wood.
In the County If Uergen.N.J. Kond.s to bn dated
October 1. 1904. and to mature In iistalments:
prlncital and temi annual lulcreBt payable In New
I
City.
The bondc
will be engraved under the supervisior
d certified as to genuineness by the United
Stnte^ Mortgage & Trust Compiny, and their leiinlIty approved by J. H.CaMw.ll, Ksq., (.f New Vork
City, whose opinion a? to legaaty will bo furnished
to the purchaser.
For furilier partlcu'ars and form of bid address
the underclgiied or United iStatos .Morlifiige A Trust
Company, 66 Ceoar Street. Now York ity.
E. A. LA.NK. Clerk.
Board of Education, Kidm wood, N.,J.
of
District,
Bergen Connty,
will be received until 8 p.
New York
Maturity,
City.
by the United States Mortgage & Trust Co.
York City and their legality approved by J. H. Caldwell, Efq,, of the same city. Certified check on a natiocal
bank for 2% of bonds bid for, payable to the Board of Education of the Township of Ridgewood, required.
The official notice of this bond (ffering will he found among
the advertiaementa elaewhere in this Department.
New
Y.) School District No. 8.— Bond Sale.—
the $3,000 5i^ 1-15-j ear (serial) echooMuildirg
bonds were awarded to Geo.
Habn of New York City at
102 63. Denomination, $200. Date, Oct. 1, 1904. Interest,
annnal.
St. Joseph Connty (P. 0. Sonth Bend), Ind.— Bond Offering. This connty will tffer for sale on Oct. 20 an issue of
$120,000 33^« coupon gold bridge bonds. Denomination,
Date, Oct. 20, 1904. Interest, semi-annually at the
$1,000.
Chemical National Bank, New York City, or at the First
National Bank of Chicago. Maturity, $40,000 yearly on Oct.
20 from 1922 to 1924 inclusive.
Salem, Ohio— Bond OJ^ertTigf.— Proposals will be received
until 12 M., Oot, 14, by George Holmes, City Auditor, for
$2,600 5% Woodland Avenue sewer assessment bonds. Date,
Interest, annnal.
Sept. 1, 1904. Denomination, $520.
Ma-
Rotterdam (N.
On October
1
M
—
NEW
LOANS.
#soo,ooo
^100,000
A
to genuineness
of
&
York
Interest ecml-annually in
1904.
Prairie Depot, Oliio.— Bond .*^aie.— This village, it is
stated, has sold an issue of |7, 520 Main Street Improvement
bonds to the Home Savings Bank of Prairie Depot.
JRicbland Connty (P. 0. Mansfield), Ohio.— Bond Sale.—
On October 1 the $25,000 i}4% bridge bonds described in V.
79, p. 1058, were awarded to the Manefield Savings Bank at
107'32.
The following firms and institutions were represented : The Manefield Savings Bank, the Citizens' Savings
& Loan Co,, Mansfield; Seasongood
Mayer, Cincinnati;
Denison, Prior & Co., Cleveland; Rudolph Kleybolte & Co.,
Cincinnati; Hayden, Miller & Co., Cleveland; W. R. Todd &
Co., Cincinnati; the Security Savings & Loan Co., Toledo
the Citizens' National Bank of Mansfield; Spitzer & Co.
^60,000
RIDGEWOOD, N.
&
12,000 yearly from 6 to 10 years, $3,000 yearly from 11 to 15
years, $4,000 yearly from 18 to 20 years and $5,000 yearly
from 21 to 23 years after date. Bonds will be cenified to as
11,380,448.
December
&
October 17, by E A. Laup, Clerk Board of E'iucation (P.
O. Ridgewood), for the $60, COO 4i coupon school bonds recently authcr'zed.
Denomination,? $1,000.
Date, Oct. 1,
&
NEW
&
M.,
&
LOANS.
,
Bidgpwood Township Scboul
J.— Bond O^fring.— Proposals
N.
bonds, we are informed, being tcken by Faraon, Lpach & Co.
and by Fisk & Robinson of New York City. See Chronicle
July 16 for details of the original sale acd also for names of
the members of the syndicate.
Pine Blnff, Aik.— fiond iJ'aZe.— No bids were received Sept.
10 for the |30,000 5i coupon sewer bonds offered for sale on
that day. Tne bends, however, rere subi^equently sold at
par for seven per cents to the Merchante'
Planters' Bank
of Pine Bluff. See V. 79. p. 800 for description of bonds.
Potsdam (N. Y.) IJi ion Free School DIstrlrtNo. 8.- Bond
O^eriTigr. — Proposals will be r>ceived until 8 pm, October 10,
by H, S. Perrigo, Presic'ent Board of Education, for |4.0C0
ii coupon ecbool-house-addition bonds. Denomination, $500
Date, Oct. 20, 1904. Interest, annua'.
($1,000 if preferred).
Maturity, $1,000 yearly on October 20 from 1908 to 1908, inclupivp. Bonded debt, this issue. Assessed valuation 1904,
NEW
&
Co Cincinnati; the Th'rd National
of Cinclnnatf, Lamprfcht Bros.
Co., Cleveland; N.
Harris
Co., Chicago; W. J. Hayes
Sons, Ckveland;
Fuller. Parsons
Snyder, Cleveland, and Albert C. Case,
New York City.
Patk
<
&
[Vol. Lxxix.
HUDSON COUNTY,
LOANS.
io,ooo
N.
J..
Cascade County, Montana,
PARK COUPON BONDS.
COUPON BONDS.
virtue of resolutions of the Board of Chosen
Freeholders of the County of Hudson, State of New
Jersey, passed at the meeting held on Thursday
October 6, 1904, sealed bids and proposals will be received and opened at the meeting of said Board to
be held In the Court House, Jersey City, N, J.,
hereby given that. In pursuance of the
provisions of A rticle 3. Chapter 2, Title >!, Part 4, of
tbe Political Code of the State of Montana and of
the order duly made by the Board of County Commissioners of Cascade County. State of Montana, at
a meeting of said Board held on the 28tb dav of
September, 1904, the said Board of Connty C<^mmissionerswill,on the 14TH DAY OF NOVEMBER,
1904. at 10 o'clock A. M. of said day, at (heir office
in the District Court House. In the City of Great
By
MONDAT, OCTOBEB
24, 1904.
Fills
at 4 o'clock P. M.,
Hudson
Co. Park Coupon
Bonds, In accordance with an Act of the Legislature
of the State of New Jersey, entitled an "Act to establish Public Parks in certain counties of this State
and to regulate the same," approved May 0, 1902
(Laws of 1902, p. 811).
Said Bonds to be Coupon Bonds of the County of
Hudson, of the denomination of tl.< 00 each, to run
for a period of fifty sears, to beorme due and payable on the first day of November, 1954. to bear date
November 1, 1904, with Interest at four (4) per cent
per annum, payable semi annually on the first days
of May and November in each year, and to be soid
for not less than par and accrued interest.
Each proposal must be enclosed in a sealed envelope endorsed "Proposals for Bonds" and to be
accompanied by a CERTIFIED CHECK enclose!
therein drawn totheorder of STEPHEN M. EQaN,
for the sale of $800,000
COUNTY COLLECTOR, on some NATIONAL
BANK orTKU.ST COMPANY, or cash in the sum of
FIVE THOUSAND DOLLARS.
Bidders
may bid
for the whole or
any part of the
issue.
The Board reserves the right to reject any or all
bids If deemed for the best Interest of the county
so to do.
By order of the Board of Chosen Freeholders.
P. EGAN. Clerk.
Bidders will please furnish certified checks In-
JOHN
stead of cash
if
Notice
Is
Cascade County. Montana,
under and by
virtue ot the order aforesaid and authorized by the
resolution du'y adopted by said Board at a regular
meeilng thereof held en the 28th d v of September,
19i 4, at the office of said Board in the District Court
House, in the City of Great Falls, Cascade County,
Montana, sell coupon bonds of said Connty of
Cascade to the amount of TEN
DOLl-ARS, drawing lnlere^t ai the rate of four per
cent per annum, payable semlaiinuaily on the first
day of January and the rrst day of July of each
year, which bonds will be of the denomination of
one thousand dollars each, and snali be redeemable
and psyable twenty years after the date of their
Issue; provided, however, that said bands shall be
redeemable at be option vf the obligor at any time
after ten years from the date thereof. The said
coupon b nds will be made payable at any National
bank designated by the purchaser thereof, and the
said County of Cascade will deliver such bonds at
said bank to the order of said purchaser. The
Interest on said bonds will be payaole at the office
of the Treasurer ot faid County of Cascade.
Sealed proposals for the utchaee of said bonds,
subject to legalliy. will be received up to the time
of sNle. and the arty or parties oflerlng the higbest
bid and p ice therefor will receive the said bonds.
A New York draft or check, certified by a Great
Falls bank, rayible to the order of the County
Treasurer of Cascade County aforesaid to the
am> unt of f 50o Oo, must be deposited with the
County T^ea^urer aforesaid by each bidder as a
guaranty of good faith.
The said B-^ard o' County Commissioners reserves
the right to reject any or all bids
Bids shonid be marked "Bids on Bonds" and
H'ldressed to Fred. L. lllll. County Clerk, Great
Falls. C.iscade Cou: ty, Montana.
By order of the Boa'd of County Commlsdoners,
TUOUSAND
'
i
i
Cascade County, Montana.
FUEI). L. HILL. County Clerk.
First pablioatlon October 8tb, 1904.
possible.
ai
MUNIOIPAL
Rudolph Kleybolte&Oo.
BANKERS,
AMD
(
Public
llaiid.somciT et Ki,-,v(<l; steel plate
I'llect.
ALBEET B. KING & CO.,
105
WilUam St., N.Y.
Engravers and Litbographers.
(Telephone.)
E.
H.ROLLINS
MUNICIPAL, RAILROAD and
STREET RAILWAY
8l
SONS,
BOSTOIV.
OeMTer.
Chicago.
DKALKRS D?
Oorporatioi
BONDS.
BONDS sfS8K CERTIFICATES
AL'o
the choa tr kind, pari W lithographed imd |inrllv
prlrted fr.m type. li'O Slock Ceitltlcates, |»'t to
|25; the latter ei urav. d with steel pia e bi rders
— elegwnt. Seal I'res», if with CeriiUcalet, jl 50.
Service
San Francisco.
1
BONDS.
NASSAU STREET, NEW
Interest Paid on Daily and
Time
YORK.
Deposits.
—
Oct.
,
THE CHRONICLE.
8, 1904.]
$520 yearly on Sept. 1 from 1905 to 1909. inclasive.
Successful bidder must pay accrued interest.
Salem County, N. J.— Pond Award Rescinded— N(w Issue
Sold.—
are informed that the award l f $50,000 A% roadttirity,
We
tr R M. Grant & Co,, of New York City,
has been rescicded, and ihat a new issue of |20,000 i^ road
bonds has been authorized in its place. These latter bonds
have been sold to residents of Salem County.
Sawyer (N. Dak.) Sciiool District- Bond 5'ate.— This district has sold to the State c f North Dakota an issue of $1,800
i% 20-year school bonds. Interf st, January and July.
South Omaha, yih-Bond Sale.- On October 3 the |22,300
5^ renewal, the |21,O0O 5% district street-improvement and
the $2,400 5% district street-improvement bonds described in
V. 79, p. 1358, were awarded to W. J. Hayes & Sons, Cleveland, for 146,477 and interest.
Spring Grove (P. 0. Spring Forge), York County, Pa.—
Bond Sale.— The $7,000 i% corpan sewer bonds, described in
V. 79, p. 752, have been sold at par to the First National
Bank of Spiirg Grrve.
Taz(well, Va.~ Bond Sale.-The $12,000 coupon street and
sidewalk bends defcribed in V. 79, p. 753, have been sold to
the Bank of Clinch Valley and the T/izewell National Bank
of Tazewell, in equal amounts, at par for six per centp. Denominaticn, |500. Bute Sfpt,, 19C4. Maturity, |3,000 in
two, in three, in four and in five years after date of issuance.
Toledo, Ohio. Bond Offering.— Pro^osala will be received
until 7:30 P. M., Nov. 2, by R. (J. Bacon, City Auditor, for
$100,COO 4% coupon refunding natural-gas bonds. Denomination, $1,000,
Bonds were authorized by an ordinacce passed
July 11. They are dated Oct. 1, 1901. Interest, semi- annually
at the cflSce of the United States Mortgage & Trust Co.
New York City. Maturity, Oci". 1, 1914. Accrued interest
to be paid Iry purchaser. Certified check for 5% of the par
value of bonds, drawn without condition on some national
bank in Toledo, or else money for that amount, required with
bids.
These bonds were awarded on Aug. 21 to W. J. Hayes
& Sons, Cleveland, but this firm subp' quently refused the
issue for the reason that It was not sufficiently advertised at
the former sale.
Trenton, N. 3.— Bond Offering.— Pionfoaaia will be received
until 2 p. M October 10, by W. J. B. Stokes, City Treasurer,
improvement bonds
,
INVESTMENTS.
bids
:
Wm. C. Brent. Toronto
139.508 00
Co., Tor,. 89,201 25
Toronto..
39,100 00
Dominion Sec. Corp.,Toronto 38,758 Oti
Bronse, Mltchfll
H. O'Hara
& Co
.
I
I
.
Wsrren, Ohio.- Bond
I
Ontario Sec. Co., Toronto.... I37.P84 21
G. A. Stimson Co., Toronto.. 3'; ,732 00
Bank of Hamilton. Hamilton 37.420 00
Cuntineti'l L. Ins.Co.($H',0.0) 9,650 00
On September 24 $15,000 5%
imrrovement bonds, maturing from April, 19C6, to October,
1920, were awarded to Seasongood & Mayer, Cincinnati, at
;?a/e.-
106 38.
Westfleld, Mass.— Bond Sale.— An issue of $52,000 sewer
bonds was recently awarded to Adams
Co,, B- ston, according to local reports.
Whatccm tounty (Wash.) School District No. 69.— Bond
Sale.—Oa Sept. 24 the State of Washington purchased at
par an issue of $1,^00 5% 1-5-year (optional) school-house
bonds. Denomination, $500. Date, Sept. 24, 1904. Interest,
&
annual.
Wilmington, Del.— Bond Sale.— On September 30 the $10,000 4% paik bocds described in V, 79, p. 1295, were awarded
to Scott
Co., Wilmington, at 104'15. Following are the
&
Uds:
Scott&
F. D.
Co.,
Wilmington
104*16
|
Lacker4Co.,Wilm'nKton.l01-tt79
Fanshaw, Cadwalader
& Co
101-65
|
WrightSTiile, Pa.— Bond Sale.— On Sept. 26 this borough
sold to sundry local investors an issue of $8,000 4i coupon
refunding bonds at from 101 '50 to 102 -average 101 76 3-16.
Denomination, $100. Date, Oct. 1, 1904. Interest, semiannual. Maturity, Oct. 1, 1934, subject to call after Oct. 1,
1909.
Yellow Springs, Ohio.— Bond Sale.— On Sept. 22 the
$10,830 30 5^ street-sidewalk bonds, described in V. 79, p. 930,
were awarded to Rudolph Kleybolte
Co., Circinnati, at
&
102'55.
INVESTMENTS.
CITY
Established 1883.
H. C. Speer
TAX EXEMPT BONDS.
& Company
159 La Salle
St.,
COUNTY
AND TOWNSHIP
CITY'
$50,000 3% due 1919.
$200,C00 31^% dne 1954.
Illinois.
|
&
,
INVESTMENTS.
THE AMERICAN TRUS7
& SAVINaS BANK,
Chicago,
for $^69,000 4% registered funding bonds. Denomtnations,
not less than $100 nor more than $10,000. Date, Oct. 1, 1904.
Maturity, Oct 1, 1934.
Interest, semi-annual.
Certified
check on a rational bank for $10,000, payable to the abovenamed City Treasurer, required.
Tictorla County (P. 0. Lindsay), OhL-Debenture Sale.—
On September 27 the |40.0( 4% 20-year House of R'^fuge debentures defcribed in V. 79, p. 1055, were awarded to Wm,
C Brent of Toronto at 98 77 and interest. Following are the
NEW YORK
BOND DEPARTIMENT.
1493
Chicago.
BONDS.
^-^=^
MUNICIPAL BONDS.
Offers
Municipal and Cor
Railroad,
poration Bonds, conservatively issued
T.W.STEPHENS & CO.,
yielding investors i% to 5^%.
Printed
lists
2 Wall Street,
DAY
L.
40 Water Street,
BOSTON.
& Burr,
& CO., INVESTMENT BONDS
60 State
Street,
For Business Correspondeixce.
MacDonald, McCoy
&
Oo.,
STOCK EXCHANGES.
HTATE, MUNICIPAL. AND HIGH GRADK
RAILROAD SECURITIES.
UUmCIPAL AMD CORPORA T/Oif
BONDS.
171
T. B. POTTER,
MUNICIPAL and nnKinc
D^IMUb
CORPORATION
172 Washington Street,
F.R.
•
.
ILJLIU
CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
La
Salle Street, Cblcago,
Blodget, Merritt
&
so
Whether for letter written with your own hand, or
bT:the typewriter, are UNKQUALKD. Their quality
U asinred and they have won highest honors at all
the great World'i Fairs. For high grade writing
papers of nil kinds, for bond papers, and for ledger
papers, insist on baring them made by the
WHITING PAPER COMPANY,
IIOL.YOHE,
New
York.
H. M. ByUesby
Congress Street, Boston.
NASSAU STKKKT. NEW TOKH
STATE. CITT & RAILROAD BON)>^
INVESTMENT BONDS.
BEMD FOR
."IIASS.
Chicao^o.
Philadelphia.
Co.
BANKERS,
16
ON APPLICATION.
FULTON &
\miTING*S PAPERS.
BOSTON.
8 Nassau Street,
NEW YORK.
MEMBERS
NEW YORK AND B08T0K
LilST
Co.,
BOSTON.
Perry, Coffin
BANKERS,
CHICAOO,
95
York.
&0
BANKERS.
Milk Street,
and prices npon
application.
R.
New
STANWOOD
E. O.
& Co.,
INCORPOUATKD.
ENGINEERS.
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
HYDRAULIC PLANTS.
LIST.
Examinations and Reports.
OENISON, PRIOR & OO
CLEVELAND.
BOSTON.
New York
Life Buildintr,
CHICACO,
ILL.
.
THE CHRONICLE.
1494
[Vol. lixix.
SruBt ©omjxaulefi.
J^cconutauts.
Wilkinson, Reckitt,
Williams & Co.,
Certified Public
Accountants
(IlllnoU)
MAUQUKTTE
BL'1L.DINU,
CIIICAUU.
NASSAU STREET
15
TRUSTEES
I
W.
Alvin
JameB H. Hyde,
£. H. Barrlman,
H. C. Friok,
T. H.
H
Hnbbard,
F.
De WIU Oayler,
D. H. Moffat,
W. FuUe,
T.
and Treas.
Seo.
Jr.,
ABBt. Secretary.
Wmiam C. Van Home,
H. M. Walker,
Channoey M. Depew,
W. B. Banklne,
(PeDDBflvanla)
Stephen
Edward
M
HASKINS & SELLS,
Hoas^,
CERTIFIED PUBLIC ACCOUNTANTS
Individuals and Corporations*
Interest on Dailv Balftnces.
ot
SURPLUS.
CAPITAL, $3,000,000.
30 Broad
Si9, 000.000
Street,
^inatiJCiaX.
Cleveland.
Cfldoago.
ATLANTIC MUTUAL INSURANCE COMPANY,
New York, January 20th, 1904.
The Trustees, in Conformity wilh the Charter of the Company, submit tua following statement of
its affairs on the 31SI of Dccembtr, igoj ;
Total Marine Premiums
128 Broadway,
NEW
YORK, 42 Broadway.
CHICAGO, Marquette Building.
ST. LOUIS, Chemical Building.
BUTTE, Hennessy Building.
210,616 30
CuNN, Richards & Co.
$1,177.016 32
The Company has the following: Assets, viz.:
United States and rttate of New York r^tock; City, Bank and other Securities
$5,170,084 00
Special deposits In Bunks and Trust Companies
1,612,252 53
Real Estate oonur Wall and William Streets and Exchange Place... $3,789,000
other Real Ksiate ana Claims due ihe Company..
75,000 3,864,000 00
Bill
Receivable
ash in Bank
policies
182,001 68
89,461 72
o
interest on the outstanding certificates of profits ^^ill be paid to the holders
uereof, or their legal r. presentatlves, on and after Tuesday, "the second of February next.
The outstanrlina certiticatt-s of the issue of 1 S98 ulll be redeeiueil and paid to the holders
thereof, or their lejra. representatives, on and afterTm-sday, the second of February next, from
which dale bU int»'ies'' thereon will cease. The certilicates to bo produced at the time of
payment, and cauct l<-d.
A dividend of Foriy per cent Is declared on the net earned premiums of the Company
for the year ending 3lNt December, 1903, for which, upon application, certilicates will be issued
on and alter Tuesday, the thiid oi May next.
Hy or.ier ot the Board,
«. ST.kNTOiX
O WKGi; '. CLAKK,
Co iNKLIUK El.DKKT,
BWaL J FLiSITMANN,
Telephone 6940-6911 Broad.
WM. FRANKLIN HALL,
Accountant,
$12,025,02181
Six per cent
I
TTall Street Excliange Bulldtnst
St. and 43 Exchange Place.
43 AVall
payable in
Amount
GU3TAV AM91NCK.
F.iANCIS M BA.C(jS,
lOlIN N. BKACH.
WILLI A.VI n no U TON
7EHNON H. I'.UOWN.
WALDIION V. UliOWN,
JOSKPIt H.( HA CM AN,
PRODUCTION ENGINEERS.
PUBLIC ACCOUNTANTS.
1,107,22188
pay losses under
FLOVD-JONES,
Secretary.
TRUSTEES.
HERRK[{1'
CLEMENT
Anson w.
1.,.
A.
GRIGGS.
GhlsCOM.
iiakd.
M< KHIS K. JKSl'P.
I
.
LEVI P. MORTON.
HK.NKV PARISH,
FREDEUIC A PARSON!
PA LAS B. PRATT,
GEORGE \V. OLINTARI
A. A. KAVKN,
JOHN L. KIKEH,
DOl'GLAS UOBINSOT,
Exchano^e Builainor,
nacxnv visc
BOSTON, MASS.
53 State Street,
Books audited. Examinations and investlgatious conducted with the utmost
care and efficiency.
LOOMIS,O0NANrT&00.
CERTIFIED PUBLIC ACCOUNTANTS
30 Bruud f*lroct. New York.
Tel. 4SI68 Broad.
ALFRED ROSE,
I.
CASS LKDVARD,
],E\V18
K U A N C S U 1 KU G K i"]'.
ClIAIiLKS l> l.KVKHlCn.
LEANl>KR N. l.OVELL,
.
11. M ACV,
CHARLES H MARSHALL.
GfOliGh;
W. U. U.MOOR K,
Late N. Y. .Maiiac'T of the Audit
I
56
GUSTAV n. SCHWAB,
WILLIAM C STUKQK&
ELECTRIC RAILWAY BOMBS.
Bonds
Nattlncr
IS Wall gtrevt,
MBW
YORK..
5% a 8p*claltv.
Obamber at C*HBi*r«*,
DETROIT
PINK STKKKT,
NEW
of N. T.I
YORK.
Tel. 4361 John.
JAMES PARK &
RAVEN, Presidfnf.
F A I'AKSONS, Vire-rres'l.
CORNKLIUS EL1>ERT, 2.1 Tice- Prej'fc
THEO. P. JOHNSON, jd Viee-Pveft.
ailantio
''o.
CEKTIFIEI) Pinn.lf AC'COINTANT.
A. A.
Warren,Andrews & Co.
and
PUBLIC ACCQUN TflNTS.
$322,490 79
Returns of Premiums and Expenses, $467,841 97
York.
Pogson^ Peloubet & Co«
1,065,141 83
$146.587 55
64,028 75
New
Stock Brokpraire Uonsea.
$1,387,632 62
Id the bands of £uroi>ean Bankers to
foreign countries
Plttsborgli.
and ReorBaniiattons.
luTestiirntlonn an Audita or Binkins
$3 974,516 29
from Ist January, 1903, to 31st December, 1903
$3,250,364 45
Interest received during the year
$336,185 20
"
"
"
less Taxes
111,923 77
$448,108 97
Rent
Cash
St. Lords.
Cxamlnationi of FlDancial Conditions and Eamlngt.
Reports and Adjustments for Consolidations
ofl
Premium Notes and
E. C.
"HASESBLL8."
CERTIFIED PUBLIC ACCOUNTANTS
Premiums on Marine Rlslfs from let January, 1903, to 3l8t December, 1903... $3,174,147 73
Premiums on Policies not marked off 1st January, 1903
800,368 56
Less Salvages.
Re-insurances
York.
^"^ W. F.WEISS,
OFFICE OF TIHE
Losses paid during the year which were estimated
in iyo2 and previous years
Losses occurred, estimated and paid in 1903
New
30 Coleman Street, London,
Cable AddresB,
Premiums marked
BulldlnB,
Wall Strept Kxchnnite Buildlnr,
NEW YOItK.
L, F. Loree.
Deposits
Solicits
Gtmrd
PIliLADEI.PUIA.
John M. naU,
Aaet. Treasurer.
Accountants.
Public
Certified
Frederic R. Ooudert,'
H. H. Porter Jr.
W. H. Crooher,
O. F. Adf aas 2nd,
Lyman Rhoades
L. Gillespie,
Clarence H. Maokay,
William H. Baldwin Jr.,
Six
William Alexander,
Alvin W. Krech,
M. Hartley Dodge,
H. M. Alexander,
B. M. Inman,
Vice-President.
Qage E. Tarbell,
John F. Dry den,
Lawrence
Geo. H. Sqalre,
Bradlsh Johnson,
L. L. Gillespie,
PJili.AUKL,PUlA.
MONTGOMERY,
James Henry Smith,
Vlce-PreBldent,
Molntyre,
W. Alexander,
V. P. Snyder,
Otto H. Kahn,
James H, Hyde,
O. B. Alexander,
>^tephrn CIrard BIdg.
LYBRAND,
ROSS BROS &
TRUSTEES:
J.
Preeldent.
Rrondwny,
NEW YOUK.
BUIL0ir<4C.
Krech,
H. C. Demlng,
WUllam
H
EQUITABLE
PUBLIC
CERTIFIED
BroRdwaiT)
3i4
00.,
ACCOUNTANTS.
New York.
'i3M l.a Salle Street.
mutual Inanranc* Companr 8«rl>
Yeara Bonsbt and 8*ld.
Chicago.
Fred H. Smith,
of All
stock Broker,
[OHN M.GILLESPIE,
66
BROADWAY, N.Y.
Established 1868
Produce Exchange.
MembOTs N«w York Con. Stock Kxcbanue.
New \ yrk
1
Room
19-51
No. 518 Atlantic Ballding,
Wall
Street,
NEW
YOBS.
!
My
otBce
l8
in receipt of all the news of the Street
efficient ferrice for either trader
Prompt and
or Inyestor.
Write for special market latter
@FedFRASER