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1
.
1
1
finanrtal
tnmicle
INCLUDING
,y
Bank and Quotation Section
and City Section (semi-Annuaiiy)
Street Railway Section (™wi™ )
State
(Monthly)
Railway and Industrial Section (Quart, nv)
s
Kuttired aooording to Act of Congress, in the year 1905, by William H. Dana Comtanv, iu the olliooof Librarian of Congress, Washington, D. C.
A wpofcly newspaper entered at Post Office, New York, as second-cWss matter— WILLIAM B. DANA COMPANT, Publishers, 76X Pine St., N. V.
VOL.
s.VTUKDAY,
81.
SEPTEMBER
16
NO. 2099.
1905.
l» eeli
£hc
—
(Chronicle.
Clearings at
1U05
1904.
ending Sept. 9
nc. or
J
1903.
Dec
1902
PUBLISHED WEEKLY.
Terms
Boston
Subscription— Payable in Advance
ol
For One i'ear
Ifor Six Mouths
European -uosenption (inoludiug postage)
European subscription six Months (including postage)
Annual subscription in London (including postage)
Six Mouths Subscription in London (including postage)
£3
£1
14 s.
lis.
—
Subscription includes following Sections
Bank a.nd quotation (monthly)
Statu and City (semi-annually)
Railway andIndcstkial (quarterly) stkkkt Railway (a times yearly)
I
|
Terms
ol
Advertising— Per Inch Space
Transient matter per inch space (14 agate lineal
Two Months
Months
Twelve Months
six
I
$4 20
22 00
29 00
50 00
87 00
(8 times)
Three Months
(13 times
(2b tunes)
(62 times)
CHICAGO OFFICE— Pliny
BarUett. 513 Monadnock Block.
Oi'iTOE— Edwards <& Smith, 1 Drapers' Gardens, E. O.
LONDON
UU.LIA
II.
!
Post
made up by
telegraph, etc., indicates
that the total bank clearings of all the clearing bouses of the
United States for tbe week ending to-day, September 16, have
been $2,432,437,225, against $'2,241,541,789 last week and
|2,260,672,177 the corresponding week last year.
'1
York.
Boston
,
1
,
seven cities. 5 days
Other cities. 6 days
Total
all cities,
Total
,
5 days
lday
All cities,
all cities
for
Milwaukee
Indianapolis
Columbus.
Toledo
Peoria
Ill
oungstown
Kalamazoo
Lexington
Canton
Kockford
O
Bloomington
Ouincy
Decatur
Mansfield
Jacksonville
Jackson
Ann Arbor
Kort
,
Wayne
South Bend
week
1905.
1904.
U,235.684,070
*1. 170,042.593
113,352.288
103,018,203
168,031. SSJ5
47.181,922
10,770.703
90.061.023
02,727.249
17.353,603
145.303,047
42,204,419
11,047.114
$1,698,103,324
325.97 1.278
*1,577.739,948
300,104,409
20.06li.234
P.Cent.
Seattle
Salt Lake City
Portland.
4-6
Spokane
4-14T
Tacoma
+111
+156
+15-6
+11-8
t2.024,079.602
408.407,623
$1,877,844,357
382,827.820
+7-8
t2.432.4S7.225
$2,260,672,177
4-76
4-6-8
Helena
Denver
Des Moines
1905.
Dec.
Macon
1903.
1902
Philadelphia...
Pittsburgh
Baltimore
Buffalo
Washington....
Albany
Rochester
Scran ton
Syracuse
Wilmington...
Reading
Wtlkes Barre.
Whee.lng
..
Ureensburg..
Chester
Erie
Franklin Pa..
Total Middle
,
413.166.722 1,002,386.307
90.902.50
41,221,335
B2.710.4fl6
22,779,134
18.800,200
6.260,248
5 470.039
8.925.507
3.601, 98-;
8,813,176
3.22.^,1)72.79*1.163
2.314,717
1.405,129
1.550.000
1,817,812
1,038.017
919.002
812.602
saojun
940.521
1,037.182
792.332
775 IWj
654 56*1
420,000
861.900
497.SS3
430,n88
865.781
893.283
42Z.9.M
214.92V
17; 8^1
1,009,922,971 1.166 769,199
41.0
18-3
--Mi)
--22-d
14-5
+9
+18
1
fSO-8
-9-3
4-88-9
+ 13
774,086,688 1,662,063.123
79,081,273
107,876.053
41.512.017
86,584,314
23,903,404
18,741.205
6.288 108
6,436,216
8.678. 7-;*;
8346 800
3.515,009
8.487.229
2.053.672
L822.15J
1.115.881
1.087.810
979.8* jo
600.746
--18-5
633,07'J
79.1.297
-181
7
279.700
405.378
--211
395,25**
886 100
459,660
314.473
_fl-9
+88
o
925.364,594 1.859.582.518
104.658.877
139.385,428
+157
146,353,509
18.335,450
12,436,654
9,017,992
0.772,570
5,159,964
8,569.400
8,855,998
2,970.119
1 .850.203
1.504.413
1.148 275
713.000
807,018
621,688
590,096
506.671
509,403
398,212
411,588
821,717
372,217
282,507
175,583
227.568
161,196
72,073
149,793.351
22,160,000
16,326,796
8,575.280
5.419,754
6.251.312
4,288.400
3.275.667
8,886,692
1.816,850
1,890.002
219.117,154
232.501,227
28.763,890
6.244,000
4.001,661
2,343.805
8,350,000
2.140.376
1,842.715
714,759
515,305
229.981
26.437.998
4.651.094
4.715,378
3,187,205
8,118,176
1.721.926
1,441,297
734.041
391,515
251,661
44.147,052
46,650,291
20.098.867
15.336.056
6 953.917
6,283.910
4.445,813
4,848,011
2.205.689
1,634,008
1,389,459
1.025,202
593,928
690,923
21,466,100
11,547.431
8.827,019
7.411,530
5,271.900
3.628.000
3,880.158
2.842,172
1,701,230
1,605,30"
1,077,873
524.100
858.530
379.013
679,082
434,649
483.883
868,20"
804,973
430.272
276,857
385,955
194,211
291,260
179,563
85,022
68.409.74
60,005,277
11,502,291
9,922,038
9.898,937
5.258,500
4.099.914
7,319,245
3.316,953
3.016.079
2.755,356
1,581,192
2,184,822
1,439.782
1,165,907
2,054.592
740,855
1,208.932
601 .950
867,303
1,000,202
275,000
1,061,888
1,923,87
665.336
411,530
339,420
43.429.384
22,916,034
13,729,803
6,978,826
5,100.889
4.481.134
4,310,731
2.090,888
1,028.098
1,012.306
900,212
1,107,842
—99
+1-2
+7-6
—67
+11-7
+261
+31
+7
3
4-8-3
+244
+829
-319
+37
+389
-7-7
+203
—250
+103
+371
+ 17 8
+52-0
-9 5
+72
6
+9 4
+ 17-2
+31-6
995,899
683.000
877,280
640.447
627.222
487.370
899,916
832,358
407,799
284.671
292.809
268.218
184.499
230,187
167-.479
58,909
In to tal.
in to tal.
+70
+ 17
3
1
+40
+6
+23
+52
6
6
-38-2
+27 5
— 121
+32-6
;+5-6
+
if?
30-0
+ 14-4
+27
+436
+58
+4-2
-4-59
9.051. -137
+9-6
7,482175
+32 3
+24 7
297.29-1
+59
+30)
f7-7
+280
+18i
— 10-9
--44-
--470
--27-0
--36 9
1+352
+ 102
+819
+239
+30
— 7'5
Not Include d
106.516.094
120,248.907
2.241,541.789 1.716.104,860
718,717,943
828,355,067
York..
4,952,509
4,111,980
1,640.880
1,279,074
1,694.275
756.305
496.974
804.387
+21-3
+57-4
-37-3
64,648,555
47.962,810
10,861,447
778.110
4404,117
-21
+43+9-1
Not Include d in io
4,210,000
3,871.02
5.024.439
3,080.020
2,371,572
2.330,001
1.420,132
1,475,253
975,398
911.070
1,500,921
552.225
697,368
448,593
700,217
21,059.521
13.191.695
6.680,316
+103
367,910
359 153
258,129
..
llalilax
414.790
213,668
4-28 4
149 028,002
1
In
ti
+13 9
+80 X.
+161
177,264
144,873
00,612,237
44,928,952
9,725,870
8,914,079
5,178.634
2.986,500
8,076.297
4,376,998
2.216.232
2.221,145
2,165,657
1,088.699
1,531,830
1,031.430
919,737
1,098,400
807.240
071,274
598,000
091,976
636.970
64.550,666
48.264,341
10.970,768
9.688.040
7,800.000
4.304.500
4.012,315
8,878,915
2.340.388
2.525,859
1,863.129
al.
1,4*15X107
1.869.414
1.054.421
819.348
2,131.379
731,436
679 000
676.000
822,161
lal.
94.890.327
1.448.786,841
104,158.071
.440,439.821
074,0119,55:
780,676,698
Canada—
Winnipeg
1,113,213
772,285
+209
Total all
Outside New
1.2
1,084,787
1
'"olumbus.Ga
Mobile
Total Southern
Montreal
roronto
-fl4
+301*
- -2:>
Chattanooga
Jacksonville
*
New York
Blngaamton
1904.
Rock
Charleston
9.
-186
10,096 057
+ 11-1
634,534
1,030,505
1,137,234
528,240
514.754
281,577
350,000
Augusta
Stpt.
929,876
576,026
600.609
412.393
+292
1,619,441
m
Inc. or
500,005
897,899
387.857
800 027
1
6
22,559,480
4,592.834
4,390.409
2,191,723
3,997,069
2.351,030
Topeka
Davenport
We
Week ending
3
224.014.901
Sioux City
The full details for tbe week covered by the above will be Colorado Springs
Rapids
jiven next Saturday.
cannot furnisb them to-day, clear- Cedar
Kreraont
ings being made up by tbe clearing houses at noon on Satur- Pueblo
Total other West 'rn
day, and bence in the above the last day of the week has to
St. Louis
New Orleans
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for tbe previous Louisville
Houston
.alveston
week, covering tbe returns for the period ending with Satur- Itichmond.
Savannah
day noon, September 9, and tbe results for the corresponding
Memphis
week
19u4, 19U3 and 1902 are also given.
Contrasted witb Atlanta
;he week of 1904 tbe total for tbe whole country shows a gain Nashville
Norfolk
Worth
3f 30*6 percent.
Outside of New York the increase over 1904 Kort
Birmingham
is 16*1 per cent.
Knoxville
—
4
29.142,805
7,814,229
5,140,529
3,008,965
24,209,788
14,224,004
7,504,922
5.040.753
4,385.083
4,755.000
2,543,311
Wichita.
Clearings at
+9
+42
-3
+43
122,532,555
6,963 200
2,500,541
1.540.933
1.411,550
1.630,492
1.381.253
248,825.9/S
57,525.36?
Paul
Joseph.
Little
+32-2
+26-5
01,016.281
4.019,700
1.970.919
1.448.226
1.235.120
1.280,215
1,377.099
Not Include d
Not include u
2,907.520
2,935,888
919,615
624,749
298,940
Kargo
Sioux Falls
Total Pacific
St.
St.
+9 6
+180
130.008.825
172,376,326
10,329,650
11,686 006
9,490,054
6,013,657
6.890,247
4,447,300
4,011,310
3,049,998
1,842.163
1,996.178
1,482.413
357.600
890,145
519,234
627,306
622,872
362.045
400.523
417,800
500.023
420,338
349,474
835,130
821,998
210,765
111,911
630,416
329,834
4,2<50,i;r
—25 Kausas City
Minneapolis
+7-7 Omaha
4-8-6
963,773
1,478.220
447.459
885.008
307,549
479.212
+24 5
+ 134
,
Total Mid. Western
8au Francisco
Los Angeles
Clearings— Returns oy elegraplu
Week Bndxno September 16.
Philadelphia
Baltimore
Chicago
M. ouis
New Orleans
Total New England.
Chicago
Cincinnati
Cleveland
Detroit
Springfield,
CLEARING MOUSE RETURNS.
07,093.811
4,809.500
9,108,633
1,681.729
1.046,013
636,156
373,665
411.079
390,291
\
—
New
1,383,409
1,218,240
1.617,243
Springfield.
NEW YORK.
table,
1,88
Worcester
Portland
Kail River
Lowell
New Bedford
Uolyoke
Evansville
t
The following
New HavenSpringfield
Akron
ot l'earl Street,
Box 9 .'is.
Office
Hartford
Grand Rapids
Dayton
DANA. COMPANY, Publishers,
Fine Street, Corner
120,024.579
5,453,300
2,304.556
1'rovidence
00
00
13 00
7 60
.$10
Ottawa
Ouebec
Vancouver
Hamilton
St. John
London
Victoria
Total Canada....
21.037,782
17.56tl.3U9
6,633.865
1,620.000
2.314,068
1.658.188
1.891.531
1.184.540
945.773
843,001
56 1.2 58
65.257,866
17.759,281
18,174,803
4.011.3 3
1.627.901.912,098
1,754,059
1.347,192
911,781
1.101.17
792.122
628,898
44.921,267
+18
+ 3.C3
+404
|-05
+21
-5 5
+404
+299
-142
+64
+61
+23
17.353.751*
12.7 8
3.851 1. ol..
1
166,997
1.740.152
1,787,872
1.228,32*
981.681
927.984
693.441
41X1767
43.244.28J
27,534.660
16.737,278
8,461.080
1,036.947
2.23- 188
1,717.819
1.320,71*11
781.413
92.1.795
758.573
691.621
67.701,143
THE CHRONICLE.
808
[Vol. lxxxi.
said that under present conditions tiiey could find no
THE FINANCIAL SITUATION.
profit in bringing gold over.
Besides that, the Sublast
operating
as
influences
adverse
The two chief
Treasury was absorbing bank reserves rapidly and
week closed have been for the time being in some hence that the inflow of gold to be of service must
measure modified. Of these the money market was cover both the Sub-Treasury absorption and ths ;rop
the more threatening; and the apparent danger in that needs, which was an expectation at present without
by the unusual char- warrant.
A considerable gold import movement depends,
acter of the bank return the last day of the week,
loss
to
did
as
it
a
showing
September
9,
too, upon a good many contingencies. Among them is,
Saturday
gross reserves of $10,958,800 and to loans of $30,237,- as everyone knows, a premium charge, and other
direction seemed to be increased
sensational impedimenta European nations throw about their
gen- holdings of that metal if for any reason they are
however,
exhibit. The change in loans has been,
erally assumed as due to an interchange between banks short and there is a demand foi f;cport.
If they want
the
in
part
likely
that
is
Very
companies.
trust
and
to keep what they have, they use every device they
But if the same method be acceped to ac- can to retain it. This is so while we on the other
explanation
count for the entire loss in loans which the bank re<-urns hand are to-day apparently seeking to repel an inflow.
recorded, the operation would seem to be something We could easily draw the met&l from Europe if we
300.
This
waf>
sentimentally
quite
a
.
hardly necessary to draw showed any urgent need. If, for instance, we really
on the imagination to that extent; during recent wanted to enlarge our supply of gold, the rates for
weeks, especially the last two, there have been un- money must rise to a point which would overcome any
usually heavy sales here of finance bills daily in pro- unnatural obstruction other nations might set up
gress.
Such operation might be attended for the against a fr-e movement, and the metal would come
of a marvel.
Moreover
it is
—
purpose of easing an impending monetary strain here
in spite of all such artificial obstacles.
In other
large
loans
by transfers temporarily to London of
words, instead of leaving an open way for an inflow, we
Dividing stupidly choke up the channels of commerce with
which were being carried by our banks
this loss in that
item between these two causes instead paper notes forcing an abnormally easy and congested
,
,
would make the affair money market and so leaving no place or use for gold.
wholly reasonable and take away from the bank
For a moment look at the features just referred
return the aspect which caused the public bewilder- to as attending gold imports to-day in the light of
ment and set it to guessing.
experience.; for it is no new thing that such a moveThis loss in loans, which is notable because so large, ment once inaugurated should raise expectations of an
is also notable because it relieves the total from its un- uninterrupted flow of the metal
The truth is that the
favorable aspect; that is because (1) it relieves it from procurement for import this week of .$1,275,000 gold
the unfavorable comparison made with previous from London was effected under conditions which
similar exhibits, and (2) because it shows how readily make it impossible that this import should be promptly
in any crisis the Associated Banks can mobilize their followed by other consignments.
The condition of
assets.
It will be remembered that last week in this the bullion market at the British capital, as disclosed
column we referred to the fact as unfavorable that by inquiries by bankers who this week sought to procure
the bank loans, according to the return of the Clearing the metal for export to New York was found to be such
House Association for September 2, were abnormally that only gold which is concurrently received from
high a feature in the situation which is no longer so abroad is available for purchase for export. A price
conspicuous, the total being, after the loss of last Sat- slightly in excess of the normal was placed upon gold
urday, $1,106,683,500, against $1,130,486,200 at the in transit early this week; later the price was advanced
same fcimo i.i 1904. Of course it is not impossible that so that calculations made show that there would be no
the loan item may be added to the current week or profit, but a loss, on any import of gold now, and none
subsequent weeks So long as business is expanding and until monej- here gets so high that rates of foreign
enterprise widening and the proportions do not get so exchange shall fall to points which will justify bankers
large as to threaten the stability of affairs, that would in paying the premium for the metal.
Very much
be a natural tendency; but while the assets of the such a situation existed in 1903. At that time, conClearing House institutions are of such a high character currently with a rise in money in New York, the price of
that they can by a natural process appear among bar gold was advanced in London to the highest postheir assets to-day and in the Bank of England or sible maximum;, that is, to figures which threatened to
scattered among the New York trust companies cause the withdrawal of sovereigns by shippers, so that
to-morrow, no one need fear a catastrophe.
further obstruction became no longer possible; then
A chief encouragement the current week borrowers the Bank of England relaxed its grip upon its stock of
seemed for a time to rest upon was the promise of relief bullion, and gold imports continued until the New
afforded by the engagement Tuesday in London of York money market was relieved.
gold in bars to the value of $1,275,000 for shipment to
New York There appeared at first to be some reason
The foreign trade figures for August issued this
for the claim that this was only the fore-runner of week show what a strong trade situation the United
many m>re e ]<:agements soon to follow; in other words States is acquiring this year. So far as the merchanthat this shipment presaged imports large enough to dise balance controls gold imports, there never was a
make good the withdrawals of currency to supply the period when a large inflow of that metal was so clearly
crop demand, and all other demands, and so remove assured as during the last half of 1905. Of course the
that.shadow overhanging the future of money. It so movement of the year's products has hardly begun
happened that this surmise was based on insufficient yet, still the exports since July 1 are extremely large,
grounds, as we shall shortly show. Bankers as a rule and although the imports are also very free the balance
of attributing
to the one,
it all
.
,
—
.
,
.
THE CHRONICLE
Sept. 16 1905.)
of exports
is
nearly
2'_>
times the
amount
it
was the the 1905
same two months in 1904. Thus the exports for July
ami August reached $225 ,384 .000 in 1905 against
$177,477,000 the same months in 1904; but as the
imports were this year 8 ISO. 405 ,000 and only S15S,2,000 in 1904, the balance, or excess of exports, was
only S44.979.000 in 1905 against SIS. 545,000 in 1904.
The abnormal exports for those months this year are
due in great part to the surplus of the old cotton crjp,
though since the first of September the new crop has
been moving in very considerable volume. In August
the value of the cotton exports was $17,232,369
From this time
a-ainst $6,130,334 in August 1904.
the merchandise exports ought to increase rapidly and
the excess of exports become more important.
8<><)
compares with only $5,9S0,S7(> lor AugContemporaneously we
ust 1900 five years before.
have the report of the Agricultural Department at
Washington for the first of September, affording assurance of the largest grain crops on record. Our reason
for joining these two matters is that they throw so much
light on the existing industrial and railroad situation.
The Central's increase shows the prosperity already
total
—
The
existing.
excellent agricultural yield holds out
the promise of a continuance of this favorable situation.
The grain harvest
magnitude.
is
certain to be of really exceptional
It is possible
now, too, to dwell upon
this
feature with considerable confidence because the time
which damage can be done by adverse
remaining
in
weather
really very limited.
is
came within the next few days might
The announcement that J. P. Morgan & Co. have reduce the yield of corn to some extent, or at least
taken over the syndicate holdings of stock in the make a portion of the crop unmerchantable; but that
Cincinnati Hamilton & Dayton Railway Company is is about the only thing that can interfere with the realin the
an event of considerable importance. It removes
what might have become a very disturbing feature in
The Cincinnati
the railroad and financial world.
Hamilton & Dayton, as is known, has recently acquired the Pere Marquette Railroad (which is itself
a consolidation of various smaller roads), and the two
together jointly own the Chicago Cincinnati & Louisville Railroad.
Altogether this combination comprises 3,043 miles of road situated in the Middle
Western States, with the Eastern terminus at Buffalo
and the Western termini at Cincinnati, Chicago and
Springfield, 111.
By reference to the map given on
pages 326 and 327 of our ''Railway and Industrial"
Section for July 29 1905 the reader can see what a comprehensive body of mileage this forms, and there had
been some talk of providing a line to the seaboard.
There was no intention, of course, on the part of the
syndicate holding this network of roads to retain permanent control, and it appears there were internal
dissensions as to what disposition should be made of
Under these circumstances the
the property.
pos-
West
Possibly a killing frost
if it
ization of the present extraordinarily bright promise.
As
it is,
the indications point to a corn crop of 2,700,-
000,000 bushels
— the
very largest production of this
United States, and compar-
cereal ever realized in the
ing with 2,467,000,000 bushels in 1904
and 2,244,000,-
000 bushels in 1903. The wheat crop will not be the
very best on record, but seems certain to reach over
700,000,000 bushels, which will compare with only
552,000,000 bushels in 1904 and with 637,000,000
bushels in 1903. The oats crop, according to present
indications, will
amount
to 925,000,000 bushels against
894,000,000 bushels last year and 784,000,000 bushels
the year before.
In other words, the yield of corn,
wheat and oats combined promises to be 4,329,000,000
3,914,000,000 bushels for
1904 and 3,666,000,000 bushels for 1903.
bushels for 1905. against
From every
buoyancy
in
come reports
the iron and steel
side
of great activity
trades.
and
Prices, too,
Orders appear to be pouring in on an
unprecedented scale. We notice that the "Iron Trade
are advancing.
system might eventually pass into the Review" of Cleveland states that the steel-rail mills
hands of financial freebooters who would use the same have now booked orders for 1906 delivery for fully
to promote speculative schemes obviously involved a 1,300,000 tons of rails, and that at least 200,000 tons
real danger to the situation.
It is fortunate, there- ordered for this year will have to be carried over into
sibility that the
fore, that
Mr. Morgan, who on so many previous occasions when danger has threatened to railroad and industrial interests has stepped in to avert the ill impending, has again come to the rescue. Just how
Mr. Morgan will dispose of the property has not yet
Moreover, the "Review" estimates that
the production of rails for 1906 will be at least 3,500,000
tons.
What this would mean can be judged when we
say that last year the output of rails was only 2,284,711
tons and in 1903 (the year of maximum production)
Admittedly he will have no difficulty in
finding ready purchasers.
The Vanderbilt people
would be glad to have the system, and so would the
Pennsylvania Railroad people; but neither, we may
be sure, would be satisfied if the other got it. The
the output was 2,992,477 tons.
transpired.
next year.
In the meantime iron
production continues on a moderately large scale.
Both the "Iron Age" of this city and the Cleveland
paper have this week brought together the statistics
August, and these show that while
is looking with covetous eyes in the same the furnaces are more active than they were a few
direction.
Mr. Morgan's task is to find such lodgment weeks ago, yet there has been no return to the extraorfor the property as will remove friction, not promote it. dinary activity which prevailed in April and May.
The task is not an easy one. It will tax Mr. Morgan's The "Age" reports the make of iron in August 1,841,muity, but no one has the least doubt that he will 413 tons, against 1,741,935 tons in July and 1,793,289
for the
month
of
Erie, too,
solve the problem in a sal i-factory way.
time there
is
In the moan-
a feeling of relief in conservative circles
that this important combination cf roads
safe hands.
is
now
in
1,963,717 tons in May.
The
Details regarding stocks are missing this time.
tons in June, but against
and the "Trade Review"
states that stocks show little change, but apparent ly
The truth
bases its conclusion on imperfect returns.
"Age" gives no
figures at
all
For the month of August the New York Central is there seems to have been difficulty this time in colRailroad reports an increase in gross earnings of $824,- lecting data with regard to both production and atocks.
925 over the same month last voar. and at $8,146, L95 The "Ago" merely say- that its report B arc not as
THE CHRONICLE.
870
complete as usual.
The "Trade Review" goes
further
balances
[Vol. lxxxi.
loaned on the Stock Exchange daily during
and declares that "candor compels the statement that the week, ^until Friday, (when loans were made at 4
owing to the decision reached by interests representing per cent) at 3] per cent and at 23^ per cent, averagsome fifty furnaces, that it is not wise to publish ing 2% per cent. Banks and trust companies quoted
monthly reports of production and stocks, it has been 2% per cent as the minimum. Time loans on good
imposs ble to make the report for last month as ac- mixed Stock Exchange collateral were 3%@4 per
curate as heretofore." It would be matter for deep cent for sixty and 4@4^ for ninetv days, and A.% @>^]4,
regret if these useful statistics should have to be dis- per cent for four to six months; these rates seem to be
continued because of the failure of some of the furnaces attracting offerings from the interior, and some Eastern
and Chicago money has been loaned during the week
to furnish the necessary data.
in tnis market.
Commercial paper is not freely offered
The Imrerial Bank of Germany on Monday ad- through brokers, merchants generally borrowing from
vanced its official rate of discount to 4 per cent from their banks. Quotations are 43^ @5 per cent for
3 per cent, at which it had stood since February 25. sbty to ninety day endorsed bills receivable, 43^ @
With this exception there was no change in official per cent for prime and 5% @6 per cent for good four to
Open six months' single names.
rates by any of the European banks this week.
market, or unofficial, rates were firmer at London and
The price of
The Bank of England rate of discount remains unParis and easier at Berlin and Frankfort.
The cable reports discounts of
gold bars in the London market was advanced on Mon- changed at 3 per cent.
pence
ounce
and
on
sixty
bank
bills in London 3 per cent.
shillings
per
Wednesto
ninety-day
day to 77
9}4
day to 77 shillings 9^8 pence; these quotations are, The open market rate at Paris is \% per cent and at
however, understood to represent bids. Gold to the Berlin and Frankfort it is 3% per cent. According
amount of $1,275,000 was procured in London on to our special cable from London, the Bank of EngTuesday for shipment hither; this is the first importa- land lost £436,641 bullion during the week and held
£35,257,182 at the close of the week. Our correstion of the season.
pondent further advises us that the loss was due to
statement
the
of
The most notable feature of the
New York Associated Banks last week was the unprece- imports of £19,000 (wholly bought in the open mardented contraction of $30,237,300 in loans and the ket), to exports of £765,000 (of which £759,000 to
reduction, also a new record, of $41,165,100 in de- South America and £6,000 to Portugal) and to reposits; the previous maximum decreases in these ceipts of £309,000 net from the interior of Great
items were $24,204,800 in loans on May 18 1901 and Britain.
$29,049,300 in deposits May 21 1904. The cash reThe foreign exchange market was irregular though
serve was decreased last week by $10,958,800, while
After a soaro decline, due
the required reserve against general deposits was re- generally lower this week.
duced $10,291,275; the surplus was, therefore, lower to liberal offerings of commercial bills and some specuby $667,525, at#4, 83 1,350, the minimum of the year. lative selling, there was a partial recovery on WednesThe bank statement of this week should reflect, among day; this, however, appeared t^ be nothing more than
other items, the transfer hence to San Francisco on a natural reaction following the almost continuous fall
Monday of $500,000 and on Wednesday to N?w Or- since the beginning of the month. On Thursday the
leans of $200,000.
market again became weak, reflecting the absence of
demand and a renewed pressure of bills, and the tenThe above noted transfers, however, by no means dency was downward thereafter. It was announced
represent all the operations adverse to the banks on Tuesday that $1,275,000 gold had been procured in
through the Sub-Treasury, and this week it is esti- London by Lazard Freres for shipment hither. This
mated that there has been an average daily loss t-> movement was somewhat unexpected, though on Monthese institutions of at least $1,000,000 due to receipts day it was reported that gold imports were pending
from various sources, including Customs and internal and that the price of gold bars in the bullion market
revenue, in excess of disbursements. The daily re- had been advanced to 77 shillings 93^ pence per ounce.
ports of the result of Treasury operations have con- The gold appears to have been secured out of a contributed to cause some apprehension of another un- signment of £200,000 whic'i had arrived from South
favorable bank statement this week and consequently Africa on the previous day, and the demand for it for
there has been a firm tone for money on call and for shipment to America probably caused the above-noted
short maturities.
The announcement of gold imports rise in the price of t v >e metal. The impression seemed
and a report that the Secretary of the Treasury con- to prevail here that this initial importation for the
templated a restoration of about $20,000,000 of the season was the forerunner of a continuous movement
public deposits which have been and are now being which would reach some considerable volume, and
withdrawn from the banks tended partially to allay the statement by the consignees that the import w as
anxiety regarding the immediate future of the money effected at a profit, and that it was the result of an exmarket; there appears, however, to be no assurance change transaction, led to attempts by other bankers
that gold imports will be large enough to make much themselves to procure gold for import. The fact was
of an impression upon local supplies of money.
Be- however disclosed by these inquiries that there was
sides, these withdrawals by the Sub-Treasury are being comparatively little of the metal available in the
continued at the rate of a million dollars daily from thf. market, and as the bankers were indisposed to bid for
New York banks, while if the deposits should be re- it, and thus contribute to advance the price, no further
turned, as suggested, the funds w ould be so widely attempts were made to compete for the limited supply;
distributed as to afford little relief to the situation at the advance in the price on Wednesday to 77 shillings
Money on call representing bankers' 9% pence per ounce bid seemed effectually to prevent
this centre.
;
,
T
T
..
Sept. 16 1905.
.
.
THK CHRONICLE.
J
additional importations, at least for the present.
It
be noted that a report was current on Wednesday
that the Kronprinz Wilhelm, en route to New York,
may
871
ery of 10 points for long and short and of 5 points
for cables.
The following shows daily posted rates for sterling
carried a consignment of gold which had been shipped exchange by some of the leading drawers.
from Berlin; this gold, it was subsequently ascertained,
Fri..
Tues..
Thurs..
Fri.,
Man.,
Wed..
Sept. 8 Sept. 11 Sept. 12 Si pi. 13 Sept. 14 Sept. 16
was that which belonged to Lazard Freres, and had
/go days
83 %
84
83 'A
Drown
88H
88M
Mi
It was re86
86
86
Brothers A Co
86
Sight..
been, as above stated, bought in London.
83
Mi
Mi
00 days
Baring,
84
83H
Mi'.,
Macotm
m<4
86
so
86
86
* Co.
«
(Sight..
y
ported on Thursday that $5,000,000 had been engaged B:>nk British
83 &
84
83
[60 days
83J-2
si'.',
1
1
'
•
i
'
j
i
North America
say,
86
86
86
Sight.
86
86
however, promptly denied. Bank
84
84
84
84
of
60 days
85
34
Mi>,
Mi'j
Montreal
Sight.
87
86>4
86J4
H
|6
84
84
Bank
84
84
60 days
84
the fact that the season's export of cotton Canadian
In view
f
Mil
Mi'/,
86U
86 U
of Commerce
Sight.
86H
83 >|
83 y>
h-kel84
838
[60 daye
83)^
and other commodities has practically just begun and Heldelbach,
Mi
SC.
86
86
limner & Co
86
.1 Sight..
86
84
83 y2
Lazard
days
83
83^
8|M
KG
86
86
86
that such exports will most likely largely increase in
Freres
B6W
86
-.1 Sight..
Ml
84
M
84
84
Merchants' Bank
86
[60 days
of Canada
(Sight..
87
86}*
86^
86H
86>i
86H
volume in the near future, it seems probabb that as
London's supplies of gold will be insufficient to meet
The market closed on Friday at 4 8240@4 8245
the demands, they having been largely reduced through
for long, 4 8505@4 8510 for short and 4 8540@4 8550
the drain to South America, measures will soon be
for cables.
Commercial on banks, 4 8190@4 82,
taken by the Bank of England to divert the drain of
and documents for payment, 4 81^@4 82%. Cotton
the metal from London to Paris; indeed, the obstacles
for payment, 4 81^/8@4 81}^; cotton for acceptance,
to further withdrawals for shipment to New York
4 8190@4 82, and grain for payment, 4 82^@
which have this week been interposed, in the form of an
4 82%.
advance in the price of gold, would appear to indicate
Whether it
that this policy has been decided upon.
The following gives the week's movement of money
seems
depend
upon the to and from the interior by the New York banks.
however,
to
effective,
will be
course which the Bank of France will take. This
_
I
for import; this story was,
'
1
<-•{
,
\
'
2
!
i
_
accumulated enormous supplies of the
metal probably in anticipation of the flotation of a
Russian loan. If the attempt of the Bank of England
to divert the American drain to Paris should be unsuccessful, by reason of the interposition by the French
Bank of obstacles to the procurement of the metal, the
Bank of England might be forced, as it was 5n November and December 1903, when it responded to the
American demand, to place an almost prohibitory
price upon its gold and indeed to refuse to sell the
metal for export. At that time, however, though the
price was advanced to 78 shillings 1 penny per ounce,
gold was withdrawn from the market, the Bank
refusing to sell bars, until the urgent inquiry from New
York was satisfied and normal exchange conditions
were restored. If a similar course were taken by the
Bank of England now, it would probably tend to
minimize the volume of gold importations and most
likely result in serious derangement of the European
markets, especially if, as a further obstructive measure,
the Bank should advance its rate of discount.
Gold
received at the Custom House during the week,
institution has
,
Nominal quotations
for sterling
exchange are 4
83^
Shipped by
Banks. N. Y. Banks.
Net Interior
Movement.
Received by
N.
Currency-
Gold
Total gold and legal tenders...
Y.
$4,203,000
047,000
$6,490,000
1,195,000
Loss.S2, 227,000
Loss.
548,000
$4,910,000
$7,085,000
Loss. $2,775,000
With the Sub-Treasury operations the
result
is
as
follows:
Week ending
Banks
interior
Sept. 15 1905.
movement as above
Sub-Treasury operations.
Total gold and legal tenders
The following
in the principal
Out
Into
Net Change in
oj
Banks.
Banks
Bank Holdings.
$4,910,000
19,300.000
$7,085,000
24,300,000
toss .$2,775,000
$24,210,000
$31,985,000
Losp .$7,775,000
table indicates the
Loss. 5,000,000
amount
3'
bullion
European banks.
September 14 1905.
Bank
September\l5 1904.
o}
Gold.
Silver.
£
Total.
Gold.
£
£
EnglandFrance
35,257,182
35,257 182 38 153,731
120,093. 190! 43.982 147 164,075 337 106 143,783
Germany . 34,939,000! 11.646 000 46,585 000 34 781,000
Russia
113.367,000: 5,548 000 118,915 000 94 803,000
Aus.-Hun. 46,329,000 12,479 000 58,808 000 48 492,000
Spain
14,923.000! 22,639 000 37,562 000 14 770,000
Italy
24,507,000] 3,266 300 27,833 300; 22 073,000
Nethl'ds..
6.597,0001
6,124 300 12,721 300
5 480,200
Nat. Belg.
3.283.333i
1,641 667
4,925 000
3 234,000
Silver.
Total.
£
44,505
10,948
8.580
12,357
20,353
4,088
6,283
1,617
38 153,731
170 150 648,953
000 45 729,000
000 103 ,443,000
ooo 60 849,000
000 36 123,000
900 20 ,161,900
000 11 703,200
4 ,851,000
000
Tot. week. 399,355,705107,326,414 506,682,119 367,990,714 108,732,070;476,722,784
Tot. prev. 399,843,3531107,808.697 507.652,050 3o6,494,751|110,l3S,810 476,633,561
GROUPING OF THE POWERS SINCE THE WAR.
We
$102,568.
@4 84
WeeJc ending Sept. 15 1905.
wrote
last
week
of the possibilities involved in
the outcome of the Russo-Japanese
War
so far as
and 4 86@4 863^ for sight. concerns the position of China relative to the European
The market was active and irregular on Saturday of Powers. Our conclusion then was that the future is
last week, and, compared with Friday, rates for actual difficult to forecast in this regard, for the reason that
business were 20 points lower for long at 4 8285
the role to be played by China itself cannot be easily
outlined in advance.
4 8305, 10 points higher for short at 4 8550
The same difficulty which besets
4 8555, and 5 points up for cables at 4 8580@4 ?«590. every effort to predict what will be done in any given
On Monday the tone was weak at a decline of 10 contingency by a people and Government so alien to
points for long to 4 8275@4 8290, of 40 points for Western ideas as China surrounds all prediction as to
.short to 4 8510@4 8525 and of 30 points for cables its action at the present juncture.
One can speak
to 4 8550(2,4 8560.
On Tuesday the tendency was with confidence only of what will not be done, and in
again downward, long falling 40 points to 4 8235@ this category may easily be placed continuance of
4 8245, short 15 points to 4 8495(^4 8505 and cables surrender of Chinese territory, through so-called leases,
5 points to 4 8545@4 8555.
On Wednesday there and with it surrender of the right to control Chinese
was a partial recovery, long rising 5 points to 4 8240@ territory in the interests of European Powers.
4 8250, short 5 points to 4 85@4 8510 and cables falling
When we turn, however, to the bearing of the
10 points to 4 8535@4 8545.
On Thursday the market Eastern war on the diplomacy of Europe itself, we are
again declined, long 15 points to 4 8225(5; 4 8235 and able to sum up the situation far more exactly. The
short 5 points to 4 8495@4 8505; cables were un- situation in this regard is of singular interest; it may,
changed. The tone was steady on Friday at a recov- indeed, be fairly said that an epoch-making moment
for
sixty-day
@
@
THE CHRONICLE.
now be discerned States — understandings ranging
872
Such changes as may
in the relations of European Powers as compared with
their mutual attitude a decade ago are not the product
Most of them
of a single year or of a single episode.
have been slowly in progress ever since 1895. Nevertheless, it has at no time been possible, before the con-
lias
arrived.
profession of good feeling
our
own
[Vol. lxxxi.
all
the
way from mere
and common purposes, as
case, to a distinct
pledge, in
in
Japan's, of
military assistance in case the ally should be over-
borne by superior forces of antagonists.
This attitude
European situation
clusion of the Japanese war, to say exactly how the long before the Eastern war began.
It was reserved
grouped
world
would
hereafter
be
for
Powers
the
the
however,
and
for
great
of
Eastern episode,
the past two
Ten or twelve years ago their or three years, to reveal an equally important change
in diplomatic councils.
alignment was plainly understood. The Triple Alli- in the Continental groups. The Triple Alliance had
ance between Germany, Austria and Italy the out- already been showing many signs of virtual disintegragrowth, in the early eighties, of Bismarck's life-long tion, partly due to Austria's interior politics and
and patient efforts to check both France and Russia
partly to the distinctly neutral attitude which Italy
was still in nominal and apparently effective existence. elected to assume toward all other States. Finally
Against it, among the Continental States, arose, ten came the war itself, with its plain demonstration to
years later, the Dual Alliance between France and the French that the Russian military power "iad been
Russia, which even then was pretty well understood vastly over-estimated, and that the financial quid pro
to be a guaranty of friendship on the part of Russia, quo which had been the price of that alliance might
at the price of a free market for the inexhaustible sup- become to France an exceedingly disastrous burden.
ply of Government loans which poured out from St. In other words, the great Continental alliances of a
Petersburg. The expedient turned out vastly more decade ago are now for the most part mere names and
workable than its strongest advocate could have will hardly for some time to come, be reckoned on as an
imagined largely, no doubt, because no one could effective disposition of the Powers of Europe.
have predicted the extent to which the savings of
What then should be inferred, in a survey of the
French investors, during the subsequent decade, nations, as to the situation from the present grouping of
would have accumulated on their hands, with no out- the Powers?
The position both of Germany
let in their own securities.
and Russia is a curious problem. European diploWhile these two great groups of nations occupied mats have lately tended to accept the recent German
the stage on the Continent, England was plainly iso- dem onstration in the matter of Morocco as a mere
lated.
This isolation was in a degree a matter of her assertion of power, aimed primarily to prove that she
Government's own choice. The British Ministries had is still a factor in the councils of the Continent. But
of
England had
visibly altered the
—
,
—
for years held the opinion that England's geographical
this
is
purely a negative attitude.
Russia, except
and her superior maritime power were suffic- for the paper guaranties of her French alliance, stands,
ient bcth to guard against attack and to ensure to all intents and purposes, alone.
The single obvious
recognition of her value as a friend.
The confidence fact in the grouping of the Powers is the attitude of
based on these two principles has received, in the England, Japan and the United States, supplemented
decade past, some unexpectedly rude shocks first, since April of last year after war had begun, let it be
position
—
—
—
United States over Venezuela at observed by the Anglo-French entente. In order to
the close of 1895; next, by the brush with Germany in determine precisely what this new situation means,
the ensuing year, when the Kaiser congratulated and what is likely to be the outcome of any such new
Kruger after the Jameson Raid; again, by the tense alliance as presently may be formed, it is necessary
diplomatic situation brought about with France by to ask what the questions are which may affect the
the Fashoda episode of 1898, and, finally, by the relations of the various Powers and how they will bear
Transvaal War. That episode was a conclusive upon the several groups.
A glance shows this phase
demonstration, not only that England could not be of the situation to have been altered quite as thorsure of winning even a small war easily, but also that oughly, since 1895, as has the formal grouping of the
the financial strain of any contest, fought single-handed, States. Ten years ago the question of the Chinese
must be severely felt even by this richest of the nations. coast bid fair to embroil some of the Powers in a
in the clash with the
The rather prompt result of
these experiences was the
serious war.
The question
of African partition
and
adoption of a different line of policy, in the course of of the rights of the various Powers'to a "hinterland"
which British diplomats applied themselves to estab- was another stumbling block to continuing good unlishing close friendships or alliances with various other derstanding.
A score of controverted questions exnations.
The present King of England endeavored, isted between such Powers as England and France
some years ago, to establish such relations with Germany. He met with indifferent success, largely
because of a real trade jealousy between the two
nations, but also because of some needless fomenting
of ill feeling on both sides.
There have been eminent
English
statesmen
who have
consistently
advised
understanding with Russia. But the
long-standing English distrust of Russia's policy, in
efforts at a close
the direction of the Dardanelles and on the frontier of
India, made this impracticable.
Following the line
England arrived, however, at the
three very different understandings which now are of
first importance in the world's diplomacy
the arangements with Japan, with France and with the United
of least resistance,
—
and England and the United States. It was possible
that any one of these various sources of friction might
have developed into a grave international complicaHow thoroughly this situation has been altered
tion.
may be judged by a simple survey of the various quarAfrican rights and claims are practers of the globe.
tically settled; there is no longer any possibility of
such Chinese partition as was predicted by the world
ten years ago; the Anglo-French alliance has disposed
with the utmost amity "f the troublesome quarrels
in America, on the Mediterranean, and in the South
Sea which, in some cases for two hundred years,
had given rise to constant irritation between these
—
jeighboring governments.
'
SErr. 16
THE CHRONICLE.
190.-).
l
873
In other words, the causes which ten years ago such striking progress, the Norfolk & Western must
made prediction of a European war not at all unreason- have dropped out of the race for business if the manable have been so far disposed of that the inducements agement had not long since recognized the necessity
for offensive and defensive alliances with a view to of bringing the property up to a standard where it
such war have no such necessity as they had. Further- could competeoneven terms not alone with the Chesamore, when one looks at the salient fact of the present peake & Ohio but with the other bituminous coalinternational position
the cordial understanding be- oirrying roads running to the seaboard.
tween England; Japan and the United States it is
While the Norfolk & Western trains in the late year
at once apparent that the most effective union of the carried an average of 531 tons per mile run (this covers
—
—
one which, by the nature of the case, must revenue freight), in 1897-98 the train-load of revenue
make for peace.
freight averaged only 355 tons.
Thus the average
The United States, by temperament and tradition, load has been enlarged by 176 tons, being an increase
has no wish for war, and least of all desires to embroil of almost 50 per cent all this in a period of seven
itself in a distinctly European complication.
Japan years. Of course the real significance of this expanhas indeed reached a pitch of military prestige which sion in train-load lies in the increase it has made pos-
Powers
is
—
may
some jingo aspirations among this sible in the earning capacity of the trains. In the
people; but it must be remembered that Japan has not late year shippers got their freight service at another
as yet passed through the more or less trying after- reduction in rates, having paid the company only 4.74
possibly rouse
which are always apt to teach a useful
lesson
as they did even to Germany, for instance,
after the famous victory of 1870.
As for Great Britain, there will be no dispute regarding the choice which
her people and her statesmen will make under present
circumstances. They, too, have had enough of war
and of war expenditure. It may indeed be said that
each of these three friendly Powers is now impressed
more formidably with the inconveniences which follow
such a struggle than with the prestige of the victory.
Each has, moreover, special reasons of its own for
avoiding such shocks as any war must bring to a
financial situation.
Combined, it is almost certain
effects of war,
mills per ton per mile, against 4.93 mills per ton per
—
Notwithstanding the lower
rate received, however, the trains earned (owing to
their larger average load) $2.53 per mile run in 1904-05
against only $2.43 per mile run in 1903-04.
In
1897-98 with the rate only 4.04 mills and with the
mile in the previous year.
train-load
no more than 355
an average
of only $1.43 per mile run.
in the late year the trains
tons, the trains earned
In other words,
earned for the company $1 .10
more per mile run than seven years before in 1897-98.
These figures show the extent of the improvement
effected and upon which the prosperity of the property
has been built.
that they will control the political situation sufficiently
With
—
this increase in operating efficiency
such shocks at all events so long as the the extension of the road's business
horizon remains so clear of real international com- judicious construction of new branches
plications.
and the opening up of new territory, a
expansion in the earnings of the system
to avoid
THE NORFOLK & WESTERN REPORT.
During the
the Norfolk
To say that
and with
through the
and
feeders,
very striking
has occurred.
in the late year gross earnings gained
year which closed on June 30 1905 $1,370,283 and net earnings $429,177 over the twelve
Western Railway Co., as appears from months preceding, is only telling part of the story.
fiscal
&
made The
show that growth and development
dominant
features in the company's
further noteworthy progress, both in the extet sion of
its business and in operating efficiency.
The two affairs, but the extent of the growth that has been
may really be said to be interdependent occurrences. established can only be indicated by comparison of
For, situated as the Norfolk & Westerns, with such a present earnings with those for some of the earlier
Hence it is desirable to note that while the
vast preponderance of low-grade freight which has to years.
the annual report submitted the present week,
are
figures cited
still
the
be carried at small rates in active competition with total of the gross is now $24,089,260, in 1897-98 the
Net
rival roads, the great expansion in traffic which has corresponding amount was only $11,236,123.
occurred in recent years would have been out of the now at $9,474,826 compares with only $3,350,024 in
question except with an increase in operating
iency, permitting the
ishing
minimum
movement
1897-98.
effic-
Nor can
be said that conditions during 1904-05
were altogether favorable. The last six months, that
of freight at a dimin-
of cost.
Th? results for 1904-05 furnish an illustration of
what is being done in the way of reducing the cost of
moving freight. We have several times in late years
is
it
the period from January to June, everything doubt-
was encouraging in the highest degree. The first
six months, however, the road si ill suffered from the
taken occasion to refer to the noteworthy record depression in the iron and steel industries. The truth
which the road was achieving in the matter of its seems to be, though, that earnings and traffic move
train-load.
During the twelve months under review upward in good and bad years alike. In reviewing the
the process was carried a step further.
On top of the report for the preceding year we pointed out that in
large previous increase there was a further addition that year traffic and earnings were heavily increased
less
43 notwithstanding a reduction (owing to trade deprestons, bringing the load up to the high figure of 531 sion) in the iron ore shipments from 1,111,085 tons to
tons.
In a subsequent article we review the report of 596,239 tons, a reduction in the limestone shipments
to the average lading of the trains in 1904-05 of
Ohio, a competing property in the from 418,242 tons to 222,658 tons and a decrease in
same part of the country, and show that on that system the pig iron shipments from 601,065 tons to 4.r>L\X!)::
the average train-load in the late year was even some- tons.
As confirming what has already been said,
the Chesapeake
&
what heavier than that
is
& Western, it namely that conditions
Chesapeake & Ohio making favorable except during
of the Norfolk
evident that with the
in
1904-05 were not entirely
|
the
lasl
six
months
of
the
THE CHRONICLE.
*74
[Vol. lxxxi.
noteworthy that no portion of the that the total of cash on hand reported for June 30
previous year's loss was recovered in the three items 1905 is $6,330,731 against only $2,202,692 twelve
mentioned. The iron ore shipments increased only months before on June 30 1904.
fiscal
iear,
it
is
from 590,239 tons to 598,278 tons, while the limestone
shipments were further reduced from 222,658 tons to
175,652 tons, and the pig iron shipments further deNevertheclined from 452,893 tons to 449,249 tons.
THE WONDERFUL DEVELOPMENT OF THE
CANADIAN PACIFIC RAILWAY.
The gross earnings of the Canadian Pacific Railway
losses
the
recover
Company in 1904-5 passed the 50-million mark, reachless, notwithstanding the failure to
of
the
freight
tonnage
aggregate
ing $50,481,882.
As recently as the calendar year
in these items, the
The
tons.
enlarged
by
1,730,671
further
1896
system was
the total of the gross was only $20,681,597. The
gain too was entirely in the local traffic which rose net earnings now are $15,475,088 against $8,107,582
from 12,663,280 tons in 1903-04 to 14,477,316 tons in in the earlier year. These comparisons serve to bring
,
having declined from out the wonderful progress and development of this
1,458,372 tons to 1,375,007 tons. Of the increase, great Canadian system of roads reflecting a degree of
1,374,952 tons was in the coal shipments and 282,491 growth which can hardly be said to have been surIt is in these passed by any of the large railroad systems in the
tons more was in the coke shipments.
1904-05,
the
through
traffic
—
items we see reflected the revival in the iron and steel United States, striking though the development of so
trades and the return to activity and prosperity in the many of these Itt'fiT has been, as testified to by "their
annual reports now being reviewed in these columns
whole industrial world.
say that the general income account of from week to week.
When we speak of the total of gross earnings as
the company makes as in previous years a very gratifyWith total net income of $9,685,398 having exceeded $50,000,000, we have reference merely
ing exhibit.
(including income from investments) for the twelve to the mileage directly included in the Canadian Pacific
It is needless to
months, the
call for fixed
charges and taxes was only
traffic
returas, which at the close of the fiscal year on
$5,833,454 on the June 30 1905 comprised 8,568 miles. If the fines
operations of the twelve months. The call for the 4 controlled, but separately operated, were added, the
per cent dividends on the preferred shares and the 3 total would be largely increased. The Minneapolis
3,851,944, leaving a surplus of
per cent dividends on the
common
shares
was only
$2,853,606 and payments to the Pocahontas Coal &
Coke Co. and advances to subsidiary companies, etc..
took $279,853 more, after deducting all of which there
Following the
still remained a surplus of $2,699,995.
pursued in other years, $1,000,000 of the
amount was applied to the betterment fund and
$1,250,000 more was contributed to the fund for
acquiring additional equipment.
This policy of applying a large amount of surplus earnings each year for betterments and additions to the property has played no small part
prosperity, for it has permitin the company's
raising the
standard and
ted large outlays in
condition of the property, with relatively small
In 1903-04 the
additions to the yearly fixed charges.
contribution out of surplus income toward the betterment fund was $2,000,000; in 1902-03 and 1901-02 the
practice
appropriation was $2,500,000 each year; in 1900-01 the
Paul & Sault Ste Marie and the Duluth South
Shore & Atlantic are the principal ones of these controlled lines, and are of course located on United States
territory.
These two controlled roads alone earned
in the late year roughly ,$11 ,500 ,000 gross and $5 ,000 ,000 net. The mileage of these two companies is
2,394 miles and besides this the Canadian Pacific
works 438 miles of other lines. There are also 481
miles of road under construction.
Altogether we get
an aggregate of close to 12,000 miles of road in exact
St.
,
—
This latter will convey an idea
figures 11,881 miles.
of the
extent and dimensions of the system.
must be remembered that
has a very extensive
in
fleet of
But it
addition the company
ocean, lake and river
steamers, comprising a trans- Atlantic service, a transPacific
service,
Upper Lake
besides a Pacific Coast service, an
service
and a British Columbia lake and
river service.
When
the year which
is
now passed opened, some
sum
allowed out of earnings was $1,500,000 and in fears were expressed lest the spring-wheat shortage in
1899-1900 there was likewise a contribution of $1,500,- the United States and in Canada should have the effect of
revenues checking the wonderful record of expansion in revenues
have been applied in this way in the six years. More- which the company had earned for itself that is, that
over, of the betterment fund $3,245,212 still remained instead of a continuation of the upward movement in
000.
Altogether, $12,250,000
of
surplus
—
unused on June 30 1905. At the same date the com- earning, somewhat of a setback might be experienced.
pany also had $1,437,814 to the credit of its various But Sir Thomas Shaughnessy, the President of the
reserve funds.
company, at that time pointed out that while wheat is
The funded debt of the company was increased an important item of traffic, it no longer is such a
$8,690,000 during the twelve months, $8,000,000 of factor with the road as it once was. Sir Thomas
this representing a corresponding amount of the new pointed out that the development of the lumber indivisional first lien and general mortgage bonds sold. dustry and of manufacturing and mining, and the
A new series of 4 per cent equipment trust certificates increase of mixed farming, have given the system a
for $2,000,000 was also created during the year.
None great variety of traffic to rely upon. We then showed
of the equipment, however, covered by these certifi- that the statistics bore out Sir Thomas, and the results
cates had been received up to June 30 1905.
The of the late year's operations as now disclosed by the
company's outlays for construction, equipment and annual report make it obvious that President Shaughbetterments for the year were $7,092,148, of which nessy was justified in his confidence and entirely right
$3,288,488 was charged against the betterment fund. in his conclusions. For far from the growth of earnings
The year's bond sales have evidently left the company being interrupted, there was further progress, the
abundantly supplied with available funds, for we note addition to gross earnings for the twelve months
,
THE CHRONICLE.
Skit. 16 1905. j
875
having reached no less than $4,012,750 and this being were very large. Moreover, every page of the report
accompanied by an addition of $1,261,9S3 to the net abounds in references to new work and new projects
for which other extensive amounts of money will be
earnings.
The balance sheet shows that
It furthermore appears that though the flour traffic required in the future.
fell off 259,564 barrels as compared with the preceding cash on hand, which June 30 1904 was large at $11,741,year, the grain traffic
increased
from
(grain of
52,990,151
all
bushels
kinds) actually
to
59,789, ISO
703,
is
now
still
at $16,496,291.
larger, being reported for
We
see
that,
June 30 1905
the directors recom-
wheat shortage. It is mend to the shareholders that an amount equivalent to
proper to state, though, that even after this increase 15 per cent of the $16,900,000 new stock be transferred, as was done in the case of the last previous
the grain traffic did not equal that of twojyears ago
when the road had moved 63,822,710 bushels of grain. issue of new stock, from accumulated surplus earnings
The fact is, it is the development of the'general traffic to a special fund for improvements. The accumulated
merchandise freight, manufactures surplus earnings June 30 1905 were $19,910,999.
of the system
One change of some significance has been made in
and miscellaneous articles that is bringing the great
In the last the balance sheet the present time. The item of
increase in revenues from year to year.
four years alone the lumber moved has increased "cash subsidies from Dominion and Provincial Govfrom 899,214,646 feet to 1,435,758,930 feet; the live- ernments and Municipalities," and so much of the
stock moved from 945,386 head to 1,360,560 head; proceeds of land sales as were applied on construction
the number of tons of manufactured articles carried and equipmentjiccount, have been transferred from
from 1,954,386 tons to 3,250,067 tons; and the tonnage the credit side of the balance sheet, where they had
in miscellaneous articles of freight from 2,206,970 tons previously appeared, to the other side of the account
to 3,894,259 tons.
It should be added that in the in reduction of the item "Cost of Railway and Equippassenger department the development continues ment." This directs attention anew to the enormous
equally noteworthy. The late year saw a further gain amounts of money derived by the company from subin the 'passenger earnings of nearly 134 million dollars sidies and bonuses, from land sales and from surplus
($1 ,164,633), bringing the total of these passenger income, all'of which have gone into the property in one
revenues up to $13,583,052. In the calendar year shape or another. The proceeds of land sales expended
1896 the company derived only $4,820,143 earnings in construction aggregate $36,193,521 and the subsidies and bonuses received amount to $30,752,195
from passengers.
After allowing for all charges and deductions, the more, making $66,945,716 together.
Then there is
company had available net income on the operations $7,676,552 of free assets in the land department
of the twelve months in the sum of $8,875,686.
The besides accumulated surplus earnings from the operasemi-annual dividend paid in April 1905 and the divi- tion of the road of $19,910,999, making together over
dend to be paid in October 1905, the latter on the 94^ million dollars. ^Nor is this the whole story. In
enlarged amount of stock, call for only $7,091,133, addition, the company owns 10,863,977 acres of unsold
leaving a surplus balance on the year's operations in land in Manitoba and the Territories, (land for which
amount of over 1% million dollars. The dividends, the company in the late year realized an average of
the reader will recall, are 4 per cent per annum on the $4.80 per acre) and also owns 3,681,480 acres of unsold
preference stock and 6 per cent per annum on the land in British Columbia, the value of which cannot be
common or ordinary stock. Of course, the surplus of estimated. Truly, the showing is a wonderful one.
1% million dollars above the requirement for dividends has reference only to the operations of the railRAILROAD GROSS EARNINGS FOR A UGUST.
road.
It takes no account of the income of the land
There is no change in the general character of the
bushels, notwithstanding the
—
department.
—
The company during the year
sold
returns of railroad gross earnings and, speaking of the
roads collectively, our exhibit for the month of August
509,386 acres of land for $2,446,300 and from the
proceeds of land sales a further amount of $3,500,000 shows considerable improvement over the corrrespondwas deposited with the Dominion Government on ing month last year. At the same time there is in the
account of the 815,000,000 land bonds mortgage, case of some of the separate roads evidence of the
reducing the balance due on account of this mortgage presence of certain adverse influences. Several promto only SS, 000, 000.
As offset against this remaining inent systems, more particularly such as connect with
amount, there 's due the company on deferred pay- St. Louis or New Orleans, are obliged to report conments on account of sales of land and town-sites, the siderable decreases.
On the one hand these desum of $14,659,179.
creases may be ascribed to the absence of a special
One
of the principal events of the year
was the issue favoring influence which existed last year and does
$16,900,000 of new common stock, which was offered not exist the present year, namely the Louisiana
to shareholders at par.
Up to June 30 1905 $14,238,- Purchase Exposition at St. Louis (which added con074 had been realize 1 on the subscriptions to this new siderably to the passenger traffic of many roads) and
stock.
The company also realized $4,365,407 from on the other hand the falling off presumably follows
the issue of new 4 per cent preference stock and $7,- from the embargo
placed on traffic by the yellow
273,056 from the issue of consolidated debenture fever epidemic at New Orleans and some minor points
stock, making altogether almost 26 million dollars.
It on the Gulf of Mexico.
Even where the roads did not
is not necessary to set out here how this large amount suffer
from a direct embargo on traffic, the effect of
of money was applied.
The report furnishes full the fever, we may suppose, was to restrict the volume
itemized statements. Suffice it to say that the of trade and business, and prevent the normal growth
requirements for additions and improvements, for which would otherwise have occurred.
construction of acquired and branch lines, and for the
The roads chiefly distinguished for losses in earnings
purchase of the securities acquired in otherfproperties, are the Illinois Central, the Wabash, the Yazoo &
of
THE CHRONICLE.
87G
[Vol. lxx3i,
Texas & receipts for these five weeks were, respectively, 3,790,
Pacific and the Alabama New Orleans & Texas Pacific. 151 bushels against 5,038,597 bushed ^*nd 8,273,900
Some of these suffered from one of the two causes husbels against 9,797,100 bushels. At the Western
mentioned and some from both. Notwithstanding, primary markets as a whole the wheat receipts for the
however, the decreases on these roads, the general five weeks aggregated 27,015,922 bushels against
result in our compilation (which of course embraces 27,911,311 bushels.
There were, however, substantial
only the companies making early preliminary returns, gains, as already stated, in the other cereals, and
the srme as in the other months, comprising 81,055 hence the combined grain movement, comprising
miles of road) shows an increase of $2,904,051 over wheat, corn, oats, barley and rye, shows aggregate
Not receipts of 76,666,392 bushels for the five weeks of
the same month last year, or 5.19 per cent.
Mississippi Vallev, the Missouri Pacific, the
unlikely, too, our final compilation covering the roads
1905 against only 72,796,471 bushels for the similar
which cannot now be included will record a still period Hst year. The details of the grain movement
larger ratio of improvement; for many of the missing in our usual form appear in the table which we now
companies comprise roads in whose affairs neither present.
WESTERN FLOUR AND GRAIN RECEIPTS.
the yellow fever nor the absence of the travel from
Five Weeks
Ending
Flour,
Wheat,
Corn,
Oats,
Barley,
should
be
Rye.
the World's Fair has played any part. It
Sept. 2.
(.bush.)
(bush.)
(bbls.)
(bush.)
(bush.)
(bush.)
noticed, furthermore, that in August, unlike in July Chicago—
1905
789,344
6,103,883
9,558,562 14,103.668
774,537
235,002
1904
5.638.468
582,788
8,927,396
12,562.926
637.367
273.340
and the earlier montns, comparison was with increased Milwaukee
—
1905
230,575
682.240
209,950
781,300
483.550
60.800
earnings in 1904, not decreased earnings. This in1904
564,960
168,150
220,850
664,300
407.500
115,200
amounted then
crease
The
latter
increase
to $1,951,298, or 3.39 per cent.
itself
succeeded
$6,093,998 in-
August 1903, and also
succeeded larger or smaller improvement in the same
month of all other years back to 1896, as will be seen
crease, or 9.17 per
by the
cent, in
following.
Gross Earnings
Mileage.
Year
Year
InGiven. Prec'ing crease
Jan.
1
189(5
116
114
121
110
105
92
76
76
67
65
1897
189H
1899
1900
1901
1902
190;-!
1904
1905
t
Miles.
89.991
93,108
94.185
95.798
96,376
99.951
00.102
98,126
83.160
81.055
o Augu
88.742
92.379
94.185
95.484
96,376
96,056
90.102
98,126
83.160
80.798
Miles.
89.255
91,625
93.792
94.771
93,157
97,750
88.620
96,047
81,248
79.192
st
%82
Year
Year
Given.
Preceding.
or
Decrease
(
—
$
).
40,010,144
38,526,399
44,446,940
48,325.106
53.731,004
57,439.471
56,213,712
66.411,069
57.494.231
65,955,430
—1,208.619
+ 4,663,943
+ 2.185.908
+ 6.425,994
+ 3.412.172
+ 7,716,243
+ 2.674,196
+ 6.093,998
+ 1.951.298
+ 2.904,051
12.62
4.92
13.29
2.26
$
38,801,525
43.190.342
46.632,848
54,751,100
57,143,176
65.155,714
58.887,908
72.505,067
59 445.529
58,859,481
0.83
1.62
42
1.08
3.45
2.34
1.67
2.16
2.35
2.26
287,248.002
298.238,929
337.683,518
378.241,765
417.335,014
417,198.174
429.366,197
536,623,682
419.174,339
421.764,129
272,696.995
291.932,827
304.008,624
348,511.473
371.773,610
376,726,858
397.306,062
475,299.340
423,955.840
393.742.645
+ 14,551,007
+ 6,306.102
+ 33.674.894
+ 29.730 292
+ 45,561,404
+ 40,471,316
+ 32,060,135
+ 61,324.342
5.33
2.16
11.07
8.53
12.25
10 74
8.07
12.90
1.12
7.12
1.62
0.42
1.08
3.45
2.25
1.67
2.16
235
$
—4,781.501
+28.021,484
*02
635
13.43
4.75
9.17
3.39
5.19
—
Note. Neither the earnings of the Mexican roads nor the mining operations of
the anthracite coal roads are included In this table.
General conditions in August 1905 were much like
those prevailing in the other months of the current
year.
Business in nearly
was good and
—
268,305
287.375
3,790,151
5.038,597
1,647,355
1,152,225
2.460,165
2.602,300
7.717
49,000
34.125
33.579
1,546.000
1,294.500
447,200
526,000
3,889.000
2,787.200
1,000
3.700
111.700
12,400
35,400
38,100
213,048
307,929
494,031
256,650
509.895
1,025,581
6,523
51.703
266,042
116,384
640,908
468.334
2,112,561
2,774.695
11.033
80,100
78.600
228,400
214,200
1,402.800
1.179,100
1,688,600
2,327.800
62,100
72,000
24.600
28.000
365.700
271,200
930,058
50,615
1.005.355
1,015,488
192,380
625,715
140,241
29,073
85.786
4,982.200
3.933,818
209.470
213,710
1.601,570
2.472,380
910,220
783.840
92.560
138.720
8,273,900
9,797,100
2,762,000
1,267,900
601,600
534,000
2,875,872
2,093,648
587,860
688,485
Toledo—
1905
1904
Detroit —
1905
1904
Cleveland
1905
—
1904
Peoria
1905
1904
Duluth
1905
1904
Minneapolis
1905
1904
—
31.
88.006
90.896
93.792
94.457
93.157
93.855
88,620
96.047
81,248
78,935
Louis
1905
1904
—
August.
Y'r. Rds.
1896 120
1H97 118
1898 121
1K99 112
1900 105
1901
96
1902
76
1903
76
1904
67
1905
56
St.
all lines of
industrial activity
and steel industry there was a
gradual return to the buoyant spirit which had dominated affairs in the early months of 1905. Southern
lines had the advantage of a much larger cotton movement than a year ago. In the West the grain movement, though larger as a whole than in 1904, was
decidedly irregular, so that while some roads had an
enlarged grain traffic, other roads had a diminished
volume of such business. Much the same remark
applies to the live-stock shipments.
Taking the leading live-stock points as a basis, namely Kansas City,
Chicago, Omaha, St. Louis and St. Joseph, the receipts
of cattle were 861,699 head against 717,155 head, and
the receipts of sheep 786,009 head against 762,780
head. But on the other hand the deliveries of hogs
in the iron
Kansas City
—
.
—
1905
1904
Total o]
all
1,460
—
1905...
1904...
1,775,947
1.530,616
27.015,922
27,911.311
17,422.891
14,159,465
28,763,847
27,943,562
Jan. 1 to
Sept. 2.
Chicago
1905...
1904...
4.757,030
6.063.035
15,842,216
11,954.760
76.507,545
58,138.293
50,878,499 12.867,367
925,512
49,665.577 11.512.630 1.503.908
1,228,290
1.053,505
3,351.800
3,865.130
2,127,100
1.771,800
4,362,800
4,725.500
5,868,100
6,602,510
419.700
751,200
1,553,175
1,442,805
13.079.589
14,464,914
10,394,385
13,289,750
11,744.940
11,809.095
1,072.815
1.768,000
290.745
412.178
2.850,000
3.044,840
5.185.850
4.991,747
8.359.800
4,937,600
7,950
10,670
184,000
62,000
162,150
202,960
710.994
1.109.521
3,781,659
2,451.061
1,965,436
3,265,627
27,169
1905
387,741
1904
Peoria
472,250
1905
529.105
1904
Duluth
1,776.500
1905
1,107,400
1904
Minneapolis
1905
1904
728.753
477,897
6,017,355
5,333,420
5,946,985
5,601,979
66,323
98,506
10,677
744,400
612.600
8.346.600
11,742,000
6,848,000
7,523.200
1.147,700
1,427,200
161,300
167.600
3.740,335
7.302,037
134,084
29.281
3,538.278
4.091.803
1.401,952
1.029.145
74.405
282.094
41.043.741
38,681.171
3.008.595
2,516,766
9,949.450
13,233,840
5,244.878
3,999.280
592.293
853.661
22,142,700
25,300,870
10,602,700
9,369.200
3.238,000
2,789,900
—
—
Milwaukee
1905
1904
St. Louis
1905
1904
Toledo
1905
1904
—
—
Detroit
—
1905
1904
Cleveland
—
—
—
—
Kansas City —
1905
1904
—
Total oj all
9.976,564 104,234.528 126,105,873 106.832.188 27,677.085 2.647.955
10.786,551 106.813.740 109.633.318 107.644.121 26,447,941 4.043.318
1905
1904
movement, the receipts
at the Southern ports during August 1905 reached
286,521 bales, against 113,497 bales in August 1904
and 5,875 bales in August 1903. The shipments over-
With
reference to the cotton
land were 62,260 bales against 14,398 bales.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN AUGUST. AND FROM
JANUARY
1
TO AUGUST
31
1905,
1904
AND
1903.
Since January
August.
1.
Ports.
1905.
1904.
1903.
1904.
1903.
comprised only 1,059,734 head against 1,162,584 head.
613.827
583,019
bales. 125.700 66,755
1,366 1.146.197
Galveston
47.143
100,923
180.737
The Western grain movement was heavier than a Port Arthur
1,417
2",473 1,214, OSS
709. S3
SSS.084
57,708 12"626
New Orleans
52
123.200
40,139
72,417
4,794
1.496
year ago in the items of corn, oats and barley, but the Mobile
64.121
15
100
94,334
37,719
5,276
Pensacola, &c
704,446
258,362
366,198
457
58,557 20,361
wheat receipts did not come up to those of a year ago. Savannah
26,838
46,527
65.672
779;
Brunswick, &c
""132
Y.689
18,954
33,627
4,920
56,304
Charleston
141
276
354
These latter, indeed, varie I a great deal as between Port Royal, &c
""113
""189
3",034
58.248
28,059
28,172
Wilmington
83
Washington, &c
the different markets. Thus at Minneapolis a spring Norfolk
23",3§6
Hi ""402 387"531 149",625 167,001
15.563
946
328
704
23.124
16,067
Newport News, &c
wheat centre, the receipts for the five weeks ending
286,521 113.497
5,875 4.023.968 1.947,034 2.395,952
Total.
Sept. 2 were 4,982,200 bushels against only 3,933,818
The sharp contrast presented by the returns of some
bushels n the same five weeks of last year, but at St.
Louis and Kansas City, both winter-wheat points, the of the separate roads is indicated by the gain of the
,
ib".
1905.
.
.
.
..
Now York Central
by any means numerous, being confined
almost entirely to the classes of roads mentioned.
The Wabash had to forego the extra passenger traffic
losses are not
derived last year from the World's Fair and the Illinois
Central suffered in the same way and in addition must
own
the effects of the yellow fever, both on
line to
Valley
The
Central,
large
its
Yazoo & Mississippi
increase shown by the
Orleans and on
Division.
w York
\.
New
its
it is
standing that the road's passenger
traffic to St.
Louis
The system, however,
must have diminished.
de-
rived important benefits in both the passenger and
departments from the activity and prosperity
of trade, and it may be, too, that it had an increased
movement of >'r<n in. The following shows all changes
freight
for
PRINCIPAL CHANGES
Northern Pacific
Gt Northern Svs (2 rds).
Canadian Pacific
Den A Rio Grande
Gr Trunk Can
(3 roads)
Mo Kan £ Texas
Minn St P & S S M
Louisv & Nash
Central of Georgia
Southern Rv
Colorado & Southern...
Wheeling & Lake Erie..
Buff Roch & Pitts
Chic Gt. West
Canadian Northern
Minn & St Louis
§824,925
532,470
334,648
324,000
233,800
193,117
191,811
164,901
156,636
94,434
87,409
87,334
80,804
72,189
64,428
55,200
54.783
47,840
parisons of earnings for
1905.
SS4
Gt Nor System
Iowa Central..
Minn & St L..
MSP4SSM.
Nor Pacific.
THCV€CLS€S
Chic Ind'plis & Lou
Internal & Gt Nor
Cinn. No & Tex Pac
Mobile & Ohio
$47,718
45,846
39.281
35,964
•
25
Total (representing
roads)
$3,769,538
S
T
NOA N
Ala
1
:
101.3 Hi
199.281
103.001
108,646
725 992
626.126
3.222.309
671.827
875.529
4,041,662
581,546
.'(11,020
171.622
86.812
107,908
686.687
642.6*8
3.017.939
593.143
829.615
3,764,006
660,814
79,834
90.989
682.149
503.477
2,771,892
561 .353
735.608
3.498.256
505.217
598.039
466.287
2.435.640
489.132
650.181
3.073.845
429.064
11.649.219 11.430.648 10,031.094
9.827.818
8.637.794 7.847.396
.
Vlcksb
A;
84.629
71.150
B20.426
665.407
3,379.005
707.791
845.548
4,128.961
461,055
VIcksShAP.
Cent of
1900.
S
172.484
200.720
P.
(ill
C NO ATP...
Lou A Nash
Mob le A Ohio.
N Ch A St L..
Southern Ry..
Yazoo A M Val
Total
140.857
75.517
72.512
150.204
60.707
53.048
497.276
41<\767
2,175,492
466.238
648.667
2.850.84 V
356.612
GROSS EARNINGS AND MILEAGE IN AUGUST.
Gross Earnings.
Name
of
Road.
1905.
84,529
71,150
807,405
180,974
357,900
4,718,000
820,426
11,628
693,722
550,402
146,847
665,407
578,083
1,644,200
287,670
131,451
Canadian Northern
Canadian Pac
Ga
Chattan Southern
Chic Great Western
Chic lndplis & Louisv.
Chic Terminal Trans..
Cinn New Orl A Tex Pa
Colorado A Southern .
Denver & Rio Grande.
Duluth SoSh & Atl...
Georgia South A Fla
1
Grand Tr of Can
Mileage.
Increase or
Ot crease
1905.
$
191 ,346
California Northwest..
Central of
1904.
$
2»4.001
Ala Gt Southern
Ala Now Orl & Tex Pac
New Ore A Nor East
Ala & Vicks
..
Vicks Shrevc A Pac.
Buff Roch & Pitts
1904
$
274,820
+ 19,181
309
309
199,281
103,061
108,545
735,216
158,335
—7,935
—18,532
—37,395
196
143
189
553
195
143
189
553
+ 72,189
+ 22,639
+ 55,200
+ 324,000
+ 94,434
—2,208
+ 64,428
+ 47,718
+ 13,735
+ 39,281
+ 87,334
+ 233,800
+ 47.840
302,700
4,394,000
725,992
13,836
629,294
502,684
133 112
626,126
490,749
1.410.400
239,830
134,752
205
205
1,876
8,568
1,878
105
1,399
8,183
1,878
105
818
818
591
591
102
102
336
336
1,120
2,470
578
1,121
!
2,460
—3,301
395
578
395
3,108,137
+ 193,117
4,085
4,085
3,757,306 3,452,169
215,233
185,722
137,023
159,080
3,874,056 4,214,208
30,114
23,362
497,100
451,254
226,438
208,337
3,379,005 3,222,369
10,809
10,269
13,017
9,628
68,009
56,650
308,628
253,845
775,056
610,155
1,722,633 1,530,822
3,734,000 3,907,000
240,000
186,000
+ 305,137
+ 29,511
5,701
5,701
250
250
3,301.254
S
4,718,000
0693.722
287.670
3.972.539
226.438
308.628
775.056
4,903.644
1904.
Illinois
$340,152
229,083
Central
Wabash
Yazoo A Miss Val
Mo Pac Svst (2 rds)
120,491
119,000
100.738
63 ,862
Texas & Pacific.
Ala No & Tex Pac(3rds)
Total
representing
roads
9
$973,326
we annex six-year comthe more prominent roads,
1902.
1903.
S
4.394,000
a629,294
239.830
3.637,891
208.337
253.845
610.155
4.371,174
&
Ship Island
Illinois Central
Illinois Southern
Internat & Gt Nor
Iowa Central
Louisv A Nashv..
Macon & Birm
Manistique
Mineral Range
Minn & St Louis
MinnStP&SSM
$
4.076.154
730,741
268,980
3,791.477
202.615
265.058
603.560
4.182.740
•
$
3.554,184
653.789
263.443
3.678.275
201.518
307.023
579.969
3,869,278
1900.
$
1
3,118,551 2.637,983
621,834
738,941
254,440
243.519
3,117.298 2,413.555
206.011 • 192,889
246.388
307.717
348.112
482.589
3.623.434 3.037.848
1901.
•
•
Mo Kansas & Texas
Mo Pac & Ir Mt
.
Central Branch
Mobile Jack & Kan City
incl Gulf & Chic Div
Mobile & Ohio.
Nash Chatt & St L
050,843
707,791
845,548
22,753
8,146,195
4,903,644
47,726
718,877
123,563
4,128,961
73,823
798,149
12,000
115,773
370,529
79,132
2,251,702
476,595
461,055
NevCal A Ore
N YCent A Hud Riv. _
Northern Pac
Rio Grande Southern..
St. Louis So West
Southern Indiana
Southern Ry
Texas Central
Texas & Pacific
Tex Sabine Val & N
Toledo Peoria & West.
Toledo St Louis & West
Virginia & Southwest.
W
Wabash
Wheeling & Lake Erie.
Yazoo & Miss Val
Total (56 rds)
•Mexican Roads.
Interoceanic of
— (N
ot
Mex
a484,300
V72.829
+ 6,752
+ 45,846
+ 18,101
+ 156,636
+ 540
+ 3,389
+ 11,359
+ 54,783
+ 164,901
+ 191,811
—173,000
+ 54.000
+ 6,644
+ 35,964
—29,981
—30
+ 824,925
+ 532,470
+ 12,070
+ 4,738
+ 3,384
+ 87,409
+ 11,834
— 100,738
+ 100
—5,404
+ 8,054
+ 28,300
—229,083
+ 80,804
671,827
875,529
22,783
7,321,270
4,371,174
35,656
714,139
120,179
4,041,552
61,989
898,887
11,900
121,177
362,475
50,832
2,480,785
395,791
581,546
included
503,022!
Mexican Ry
Mexican Southern
Nat RRof Mex
—22,057
280
261
—340,152 4,374 4,374
a 44,199
58,859,4S1 55,955,430
•
15.885.697 14,344,526 14,121,325 13,107,479 11.838.060 9,753,049
Total
Ala Gt Sou
Ala N O A
Gulf
arranged in groups.
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
Canadian Pac.
Chi Gt Western
Atl.
Dul
1001.
»
227.421
Montana Cent
EARNINGS IN AUGUST.
DulSoShAAtl
To complete our analysis,
A ugusl.
1902.
*
258.522
cluding East of Minn
IN GROSS
Increases.
& Hud Riv...
Cent
1003.
$
274.820
J
creases or decreases.
N Y
1904.
$
294.001
August.
compared with
Grand Trunk West..^
amounts exceeding $30,000— whether in- DetGII A Mil
Gt No— St P M A M in-
in the earnings of the separate roads as
1904
1905.
proper to state, does not follow
but an increase,
and as a matter of fact the Central's earnings have
been steadily rising in August for many years past,
with the result that the company's 1905 total, at
18,146,195, compares with only $5,980,876 in 1900.
The further improvement in 1905 occurred notwitha
EARNINGS OF SOUTHERN GROUP.
in earnings last year,
falling off
h77
$824,925 at one extreme and
of
the loss of $340,152 by the Illinois Central and of
$229,083 by the Wabash at the other extreme. Still,
felt
1
THE CHRONICLE.
Sept. 10 1905.1
have
7
1
in totals.
—120,491
+ 2,904,051
)
+ 49,314
+ 40,600
+ 10,058
+ 119,714
453, 708
0443,700]
?/62,771
946,057!
1,065,771
137
1,159
137
1,159
558
4,088
558
3,890
97
64
140
642
97
64
140
798
1,876
3,042
5,849
388
1,629
3,042
5,718
388
257
926
257
912
,226
1,212
144
3,515
5,666
180
1,308
172
7,203
144
3,490
5,610
180
1
1,308
172
7,197
227
227
1,827
1,767
58
58
248
248
451
451
134
2,516
134
2,486
469
469
1,210
1,175
81,055 79,192
736
321
263
1,813
736
321
263
1,612
•
•
•
a Results are based on 111 miles less road.
EARNINGS OF SOUTHWESTERN GROUP.
1905.
August.
$
578.083
1.644.200
497.100
1.722.633
3.974,000
St L So
718,877
...
Texaa * Pac..
798.149
A Sou
Denver A R.G.
Int AGr Nor..
M o Kan A Tex
M P A Gent Br
Col
W
Total
9.933.042
1904.
1903.
1902.
1901.
1900.
$
S
S
490,749
1,410,400
451,254
1.530.822
4,093.000
714,139
898.887
553.719
1.609.202
418.348
1,439.563
4,020.330
588.489
881,171
s
527.941
1,570.494
393,694
1.435,141
3.312.546
529.502
789.959
404.987
471.114
1.534.629 1.467 424
307.180
358.043
1.38^,626 1.141.515
3.500.450 3,037.519
561.062
481,368
685,403
847.090
9.589.251
9.510.822
8.559,277
8,655.014 7,525,396
S
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
1905.
1904.
August.
S
BuflR A P..
807.405
550.402
S
735.216
502,684
Ind
Gr Tt
AL-
Can
C,T Tr West -3.301,254
1",II * M.J
of
Cent.. 3.874.056
8,146.195
115.773
Tol St L 4
370.529
Wabash
2.251.702
Wh A Lake E 476.595
Illinois
NYC A HR.o
Tol P A Wat
W
'
1903.
f
3.108.1.i7
I
1.214.208
1. 32 1.270
121.177
S
752,274
492.508
2.659.542
lit. 492
121.170
3.971.102
r.092.629
112.378
362.475
303.652
2.480.785
2,121.424
402.832
305.791
1902.
1901.
S
642.063
443.107
S
596.750
424.618
J._".s,590
2.206,471
374.720
L95
102.11(7
98.790
3,383,178
1,795 467
109.626
3.400.469
0.737.247
95.628
285.934
1.903.705
363.017
1900.
•
500.937
363.997
2,004.006
97,819
2.881.721
5,980.876
98.627
270.1.'>:i
1,686.382
1.527.319
314.496
267.458
y Figures here given are for three
years: fourth week not yet reported.
a Figures are for four weeks ending
Name
of Road.
1905.
Ala Gt Southern
Ala New Orl & Tex Pac—
New Orl A Nor East...
Ala & Vicks
Vicks Sta A I'.
Buff Roch A Pitts
California
A Northwest
Canadian Northern
Canadian Pacific
Centra] of
6a
Chattan Southern
ChicGI Western
Chic lndplis A Louisv
Chic Term Trans
Cin N O A Tex Pacific. .
Colorado a Southern
Denver A Rio Grande
Duluth SoSh A Atl
Georgia Southern A Fla..
Grand Tr of Can
Grand Trunk Western...
Det G H AMilw
19.893.911 19.241.743 18.449.009 16.586.077 16.225.126 14.253.066
a The Fall Brook System, the Beech Creek RR.. the Wallklll Valley RR. and the
Boston A Albany Included tor all the years.
month
of the
1
TO AUGUST
1904.
Increase.
2,046,503
167,016
1,753,098
1,541,344
841,878
906,830
4,871,61
973,609
2.003,400
30,356,478
5, 94 5.5 7
82,740
4,882,786
3,413,677
994,824
4,622,382
3,40
10,190,896
,613,813
I. 102. 118
211,754
M'9,564
842,875
5,526,116
1,027,049
2,526,100
32.677,033
6,349,378
74,416
4,947,868
3,727.608
1
I
Decrease.
4,017,702
4,129,156
1,199,018
1,902,601
1.1 16,702
1
1
12,314
63,955
654,505
63,440
522,700
2,321.555
403,801
8,324
1.831
I2.6S7
396,320
725,831
I
.Oll-
288.788
14,684
22,744,413
21,631,373
1,113.040
26,840,469
1,616,436
22,636,290
1.603,129
3,204,160
12,306
I
Montana Cen
31.
S
2,213,519
1,037,611
Gt. Northern— St l> M A M
Including Rastof Minn .
both
in
Aug. 26.
GROSS EARNINGS FROM JANUARY
\
Tota l
weeks only
THE CHRONICLE.
878
Name
of
Road.
1904.
1905.
Increase.
Decrease
I
Vol. lxsxi.
ten years ago, while the tonnage capacity
873,310
is
tons against 334,931 tons.
Gulf
&
Illinois
Illinois
1,242,119
31,261 lOLlKS.lOO
3,770,777
,705,689
25,654,921
79,444
66,990
459,430
2,104,633
5,629,416
12,472,050
26,158,414
1,169,973
5,430,022
6,576,246
141,922
54,471,056
33,199,452
313,638
5,496,256
874,995
31,367,186
487,943
7,266,511
88,789
808,903
2,406,951
535,017
15,132,568
3,174,478
5,030,613
Ship Island
Central
,
Southern
Internal & (it Nor
Iowa Central
1
A Nash
Macon A Hinn
Louisv
Manistique
Mineral Range
Minn it St Louis
Minn St P
-.
&SSM
Mo Kansas & Texas
Mo Pac A Ir Mt
Central Branch
Mobile & Ohio
Nash Chatt &St L
NevCal & Ore
N YCent & IIudRiT
Northern Pac
Rio Grande Southern
St Louis So West
Southern Indiana
Southern Ry
Texas Central
Texas & Pacific
Tex Sabine Val & NW..
Toledo Peoria & West
Toledo St Louis & West.
Virginia & Southwest
Wabash
Wheeling
Yazoo
& Lake Erie
& Miss Val
Total (55rds)
Net increase (7.12
Mexican Roads
p. c.)--
— (Not
I
,
1
57,699
442,956
84 ,420
30,818,146
198,246
3,262,751
1,562,416
21,062,464
79,231
54,827
411,180
1,755,709
4,210,315
11,045,288
26,685,369
508,026
143,273
1,592,457
213
12,163
48,259
348,924
1,419,101
1,427,662
526,955
57,723
316,009
1,112,2.50
5,084,013
6,875,399
120,931
50,237,691
29,397,647
289,864
4,940,751
844,321
29,856,058
400,208
7,094,918
97,870
871,912
2,287,722
360,569
15,319,807
2,709,258
4,942,014
We
Yo'.bsb
299" 153
20,991
4,233,365
3,801,805
23,774
555,505
30,674
1,511,128
81,735
171,593
4,245,612
4,185,047
rf4,093,825
?/792,284
d3, 999, 100
1/761,010
8,158,322
7,720,562
was disputed at the time, rates
upon as one
the Norfolk
9,081
63,009
119,229
174,448
187,239
465,220
88,599
in eluded in to tals.)
Mexican Ry
Mexican Southern
Nat RRof Mex
sition'
ton a mile being then almost
421,764,129 393,742,645 29,201,564 1,180,080
28,021,484
Interoeeanic of Mexico
about a quarter of a century ago the
Huntington, who at 'one time 't may be remembered held control of the Chesapeake & Ohio,
remarked that there was profit even in moving traffic
at half a cent per ton per mile, provided you could get
enough of it, and provided, also, that you had the
facilities for handling it to advantage.
The proporecall that
late C. P.
60,778
94,200
31,274
437,760
y These figures are down to the end of the third week of August only
d Figures are for Jan. 1 to Aug. 26.
of the likely
of half a cent per
unknown and not looked
But
events of the future.
& Western in the late year made a splendid
showing of profits on an average rate per ton mile of
only 4.74 mills, while the Chesapeake & Ohio, as the
report we are now reviewing shows, in the same period
of twelve months realized an average of only 4.27 mills.
On its coal traffic the Chesapeake & Ohio actually
realized an average of only 3.27 mills per ton mile,
making it necessary to carry 3 tons of coal one mile in
order to earn a single cent.
In an even more marked degree than the neighboring
property the Chesapeake & Ohio during the twelve
months
in question enlarged its train-load.
49 tons to
added
average of the previous year, bringing
its
up
had somewhat
to 557 tons.
the load
It
As the Chesapeake
&
Ohio
PROGRESS OF CHESAPEAKE & OHIO RAILWAY.
Like the Norfolk & Western Railway with which it
competes, the Chesapeake & Ohio Railway has enor-
advantage in that respect. However, both averages
are high, the Norfolk & Western at 531, as well as the
mously extended
its
C.
the same methods
— that
,
business in recent years and
by
by cheapening the cost of
the service and by opening up contiguous territory
through the construction of branch lines and extensions.
The conditions to be met were parallel to those
which the Norfolk & Western had to overcome. There
was a large tonnage at command, but it was of a grade
and character that admitted of only low average rates,
and, moreover, it was traffic that had to be carried in
competition with roads that were deriving similar
traffic
is,
&
of a lead before, this gives it a further
O.'s at 557.
The
figures cover revenue freight
orly; including freight carried for its
own
use, the
Chesapeake & Ohio's train-load the late year was
535 tons. Going back a decade, we find that in 1894
the average train-load was only 315 tons.
In that
year the rate received per ton per mile was not greatly
different from what it was in 1904-05, but on account
of the smaller average lading of the trains, the latter
earned only $1.33 per mile run, while for 1904-05 the
earnings are $2.38 per mile run.
It is in this last fact,
—
from adjacent territory the Baltimore & Ohio, joined with the development of the business of the
on the north and the Norfolk & Western road, that the secret of the success and prosperity of
for instance,
on the south.
There was only one way in which this could be done,
by decreasing the cost of moving traffic per unit of
service and then increasing the number of units.
That obviously meant the expenditure '\f very large
sums of money. In order that the trains might earn
enough money at low rates to make their operation
profitable, it was necessary that every train should
haul an increased quantity of tonnage. This in turn
meant heavier and more powerful locomotives and
larger cars, and it also meant heavier rails in the track
and the entire reconstruction of road-bed, so as to make
the property in recent years
is
to be sought.
The further addition to gross earnings in 1904-05
was $1,426,845 and the further addition to net earnings 5959,069.
This was notwithstanding a decline
in the
average rate received (entire tonnage) from
4.70 mills to 4.27 mills, the great increase in the coal
tonnage having tended to lower the average. These
gains in earnings brought the total of the gross for
1904-05 up to $20,724,371.
In 1S94-95 the corre-
sponding total was only $9,596,030. Net earnings are
now $7,473,404, where ten years before they were only
The length of road has of course increased
$3,131 ,502
possible the running of larger train-loads with safety, in the interval but not as much as might be supposed
economy and dispatch. Mr. M. E. Ingalls, when placed the average mileage operated in 1904-05 having been
in charge of the property many years ago unhesitat- 1,672 miles and in 1894-95 1,360.
ingly undertook the task and carried it a long way
With almost $1,000,000 addition to net earnings in
towards completion; and the present management, the late year the income exhibit is naturally very satwith equal resolution and undeviating persistence, has isfactory. Including earnings from other sources, the
.
,
,
followed along the same lines and pursued the same
policy, making success all the more emphatic.
What
has been accomplished in the raising of the
standard of the property will be evident when we say
that the lines of the system now have 492 miles of main
track laid with 100-pound rails and 1,465 miles laid
with 70-pound rails or over. The freight equipment
now
consists of 23,992 cars, against only 13,258 cars
total net 'a r,orae for the twelve
months was $7,650,691,
while fixed charges were only $4,779,052, leaving a
In our article on a previous
with
report
of the Norfolk & Western,
the
page dealing
we show that that company applied $1,000,000 out
of the year's surplus earnings to the betterment fund
surplus of $2,871,638.
and contributed $1,250,000 more
quiring
additional
equipment,
to the fund for ac-
making
$2,250,000
.
.
THE CHRONICLE.
Sept. 1G 1905.1
The Chesapeake & Ohio did almost
together
as
towards extraordinary expenditures for improvements and nrw equipment and
$735,000 in payments on account of the principal of
well, applying $1,217,476
equipment trusts, being together $1,952,470. On the
Ohio paid
other hand, in dividends the Chesapeake
out only $627,904, representing one per cent on the
cv.
outstanding stock of $62,799,400
amount appropriated
the
third
equipment,
— being
for
only
one-
improvements,
etc.
879
branch of the Mortgage Company Since it was opened, September 29 1902. From that time until his resignation (a
period of less than three years
hat office on the upper West
Side enjoyed great rapidity of growth, the deposits reaching
This was done in the face of keen
a total of §2,1)00,000.
competition, ami a large and valuable class of customers was
The business embraces
secured in a remarkably short time.
all branches of hanking, trust and safe deposit business.
|
t
—The Guardian Trust Company
offices
is now occupying its new
on the southeast corner of Broadway and Maiden
Lane. The new quarters are handsomely fitted up and
equipped with every banking facility. Vice-President
Charles L. Robinson, formerly of the National Bank of Commerce, assumed active management of the company's affairs last March.
The company ir creased its funded debt during the
twelve months by the issue of $1,500,000 general
mortgage 4^ per cent bonds for special construction
The quarterly statement of the Real Estate Trust Comand second track and by the issue of $525,000 Paint
pany of New York (30 Nassau Street) for September 5 shows
Creek Branch first mortgage 4 per cent bonds for the
—
a further increase since the previous report. The deposits
purchase of the Kanawha & Pocahontas Railroad, have risen from $9,739,278 (on June 7 1905) to $11,228,748
previously operated under lease. This does not cover and aggregate resources from $10,962,453 to $12,392,010.
the Big Sandy Railway, of which nearly 70 miles are Henry C. Swords is the President.
At a special meeting on the 7th inst., the stockholder
in operation and o i the construction of which $1,255,of
the
International Bank, 60 Wall Street, voted to increase
making
$4,010,711
430 was spent during the year,
the capital stock from $100,000 to $500,000. The new stock
spent on that line to date. It will be recalled that last
(par value $100) will be sold at $120 per share, the premium
year the company made a temporary loan of $4,000,000 increasing the surplus fund to
$100,000. The institution, of
for two years from April 4 1904 to reimburse it for which J. H. Rogers is Cashier, has between $800,000 and
advances to the Big Sandy Railway Company and to $900,000 deposits and is owned by the International Bankmeet ether necessary expenditures. $700,000 equip- ing Corporation.
The Bankers' Trust Company of this city, on account of
ment trust certificates series "F" were issued during
—
—
the year, but payments on account of the other equip-
ment
trust contracts so reduced the total of these ob-
on June 30 1905 was only
$6,495,600, against $6,940,110 on June 30 1904.
With the addition of equipment trust "G" recently
ligations that the aggregate
negotiated to the
amount
of $1,800,000, the
amount
of
these equipment obligations will be increased to $8,-
increasing business, has found
it necessary to enlarge its
7 Wall Street, and has added to its quarters a large
amount of space on the ground floor. The recent report of
the Company, under the call of the Superintendent of Bank-
offices at
ing,
shows undivided
of $25,436,000.
ciated $498,000
profits of
about $276,000 and deposits
The market value
above their
of its securities has appre-
cost.
—
The stockholders of the Second National Bank of Pittsburgh on Tuesday unanimously approved the proposition to
increase the capital stock from $600,000 to $1,800,000.
As
remains to be said that the Covington &
Cincinnati Elevated Railroad & Transfer & Bridge reported in a previous issue, the additional capital of $1,200,Co., controlled by the Chesapeake & Ohio, acquired 000 will be transferred from the surplus, the stockholders
the ownership during the year of the entire common receiving in exchange for one share now held three full-paid
capital stock of the Cincinnati Inter-Terminal Railroad shares. The new capital will go into effect November 1
165,000.
Company
It
organized for transportation purposes within
the city of Cincinnati, and that the Inter-Terminal
Company has
authorized the issue of $1,000,000 pre-
ferred guaranteed stock, $700,000 of
issued immediately in
payment
which
for property
is
to be
and im-
provements, and $300,000 is to be reserved for future
improvements. The Inter-Terminal Company has no
bonded debt.
—
ITEMS ABOUT BANKS, BANKERS AND TRUST
CO'S.
—The public
sales of bank stocks this week aggregate 798
which 788 shares were sold at the Stock Exchange
shares at auction.
With the exception of 85 shares
shares, of
and 10
of National City
of the
National
204 to 198J^.
trust
company
Bank stock the dealings were all in the stock
Bank of Commerce, at prices ranging from
The auction sale included only one lot of
stock amounting to five shares.
BANKS—
New York.
High. Low. Close.
/i85City Bank, National
292J* 292
292?i
1713 Commerce, Nat. Bank of ..204
198}£199
TRUST
New York.
5 Lawyers' Title Ins. & Tr. Co .343 343
343
Shares.
—
The West Side Trust & Savings Bank of Chicago, organized within the past month, opened September 5 at
Twelfth and Halstead streets. The bank was formed by
interests in the National Live Stock Bank of Chicago and
President S. R. Flynn of the latter is at the head of the new
institution, the capital of which is $200,000.
C. F. Hoerr,
for a number of years in the employ of the First National
Bank of Chicago in various departments, has accepted the
position as Cashier of the West Side Trust & Savings.
— F.
W. McKinney, who
has been manager of the real
the Royal Trust Company of
Chicago for the past year, has resigned to enter business for
himself.
Mr. McKinney was formerly President of the
First Mortgage Bond & Trust Company of Chicago, merged
in August 1904 with the Royal Trust Company.
estate loan
Last previous sale
Sept. 1905— 289H
Sept. 1905— 204
COMPANY—
Sept.
The Boston banking house of Lee, Higginson & Company
has opened a branch office in Chicago at 463 The Rookery
with Charles H. Schweppe as Manager. The Chicago house
will handle in the Western territory the same high class of
Government, corporation and municipal bonds for which
the parent firm has always been noted.
It will also deal
in foreign exchange.
Mr. Schweppe had been in the Boston
office for the past four years.
1905— 340
department
of
— Suit to compel the payment of the double
on the
stock of the Western Bank of Denver, Colo., has been instiJohn Frederick Chamberlin, of the banking firm of tuted in behalf of the creditors. The bank's capital was
Winslow, Lanier & Co., this city, died on Thursday at Craig- $100,000. The Supreme Court has granted H. M. Beatty a
ville, Mass.
Mr. Chamberlin had been a member of the firm writ of supersedeas in the matter of the appointment as
for many years, and a member of the New York Stock Ex- assignee of the Continental Trust Company of Denver. The
change since 1894. He was sixty-two years of age.
latter had been appointed by Judge Mullins in place of Mr.
i Sold at the Stock Exchange,
Stock Exchange.
h Of this
amount 75 shares were
sold
liability
at the
—
—Charles B.
End
Collins has resigned as
Manager
of the
W(
Bt
the United States Mortgage & Trust Company
of this city, to become associated with the Windsor Trust
Company. Mr. Collins has had full charge of the West End
office of
Beatty.
—The consolidation of the Canal Bank & Trust Company
and the Louisiana National Bank of New Orleans was ratified
by the stockholders of the respective institutions on August
THE CHRONICLE.
880
go into effect on October 2, the name of
the~enlargcd institution becoming the Canal-Louisiana Bank
AjTrust Company. The capital, as heretofore noted, will be
$2,000,000_and the surplus $500,000.
The merger
30.
—The
last
will
statement
— August 25 — of
the Hibernia
Bank
&jTrust Company of New Orleans of which John J. Gannon is President, shows deposits of $13,234,015. This is
about two million dollars more than at the same time last
year and is referred to as an indication of the excellent con*&ition]of financial affairs in licit city.
the institution's
growth was made
Previous comment on
these columns Feb-
in
ruary 27 1904.
—The German-American
Bank
New
Orleans,
organized within the last few months, opened for business
on_Thursday the 31st ult in the old Germania National Bank
The institution has a capital of $1,200,000 and
Building.
surplus of $600,000. The list of officers was given in this
department July 29.
National
of
—
J. E.
Kommerciat and iy%\stcl\'<xmoxx$2lcxo&
—
English Financial Markets Per Cable.
The daily closing quotations for securities, etc., at London
as reported by cable have been a follows the past week:
.-.
London.
Week ending
Tues.
Wed.
Mon.
Thurs.
Fri.
28%
28%
28 11-16 2854
285*
89 13-16 89 15-16 89 11-10 89 13-16 89 11-10
89 15-10 90 1-10 89 13-16 90 15-10 89 13-10
90%
Pur.)_.fr.l00.32% 100.32% 100.32% 100.37% 100.35
100.27%
The First State Bank of Dallas, Texas, opened on the
2nd inst. the date fixed upon at the time of organization.
As stated in a previous item, the bank has a capital o,
$100,000. George W. Riddle is the President. The RiddL
Exchange Bank of Dallas, of which Mr. Riddle was also
the head, has been absorbed by the New Bank.
The Trust Company of Dallas, at Dallas, Texas, an-
—
—
nounces the formal opening of its business with an increased
The company's
capital and a larger board of directors.
stockholders several months ago voted to increase its capita
from $100,000 to $200,000, and the institution, having
lately availed of the provisions of the new banking and trust
law, has opened a banking department where it will accept
deposits.
— Frank
B. McCormick has been appointed receiver of
the Citizens' National Bank of Beaumont, Texas, succeeding
€. L. Williams, who takes the receivership of another institution
.
—The
American Savings Bank of Los Angeles, Cal.,
which has been open since Jan. 1, is moving into new quarters.
The bank has an authorized capital of $300,000, a
considerable amount of which was subscribed by the stockholders of the American National Bank of Los Angeles.
Upon inquiry we learn that the savings bank is the institution which was formerly known as the Fidelity Savings
Bank of Ontario, Cal., and which the latter part of last year
filed a certificate changing its name to the American Savings
Bank and its place of business to Los Angeles. The par
value of the shares is $100 each, and there is a surplus of
over 10 per cent. The officers of the savings bank are
•George Chaff ey, President; W. F. Botsford, Vice-President;
and J. W. Phelps, Cashier.
—Zoeth
28%
_-_d.
Consols, new, 2'A per cents.
Foraccount
French Rentes
(In
'JO
91%
92%
5%
5%
107%
107'A
107%
100
100
100
170%
109%
171%
100%
171H
107%
114%
100%
171%
22
184
183%
92%
Preferred
&
Baltimore
Eldredge has resigned as a State Bank Commissioner of California to take the presidency of the National
"Bank of the Pacific at San Francisco a new institution
mentioned in our issue of August 26. The bank will have
as one of its Vice-Presidents Walter J. Bartnett, Vice-President and Counsel of the Western Pacific RR. Allen Griffiths will also be a Vice-President, while M. J. Hynes will
toe Cashier and Ralph S. Heaton will fill the position of AsThe board of directors will be composed
sistant Cashier.
of the President the two Vice-Presidents and the following:
Charles W. Howard, President of the Spring Valley Water
Co.; Arthur Holland, President of the United Railroads of
San Francisco; O. A. Hale of Hale Bros.; James H. Swift,
President of the Columbian Banking Company of San Francisco; William P. Pluinmer; John Lloyd, former President
of the German Savings & Loan Society of San Francisco;
iE. F. Hutton of E. F. Hutton & Co., and Charles W. Slack,
Regent of the University of California and ex-Judge of
It is stated that the $300,000 capital of
'Superior Court.
shortly
be increased to $500,000. The instiwill
the bank
tution will open in the rooms [now occupied by the Columbian Banking Co., the commercial business of which, it is
understood, will be transferred to the new bank.
S.
—
,
5%
5%
Anaconda Mining Co
Atch. Top. A Santa Fe
108
1UH
...115%
Ohio
Preferred
Canadian Pacific.--
Chesapeake & Ohio
56
Chicago Great Western
22
Chicago Milwaukee & St P.. 182
Denver & Rio Grande, corn. 35%
Preferred
85
78%
Second preferred
Louisville
24
Mo.Kan.ATexas.com
35%
73%
39%
Preferred
RR. of Mexico
N.Y. Central Hudson
Nat.
Riv. 151%
&
N. Y.Ont.
Norfolk &
Preferred
Northern Securities.-.
a Pennsylvania.
a Reading Co., common
First preferred
a
Second preferred
a
common
Debenture •'Bs"...
53%
85%
77%
92
185
152%
153%
24
24
36
74
35%
36
74
39%
153
50%
87%
39%
152%
56%
35%
73
39%
152
55%
86%
95
95
191%
193%
73%
61%
74
61%
47%
48%
33%
70
30%
48
48%
32%
08%
30%
103%
134%
132%
36%
105%
74
39%
56%
87%
15o%
87
95
95
193%
193H
73%
61%
47
48%
33%
70%
36%
73%
61H
47%
49
34%
70%
36%
104
136
99
104
103%
135%
99
13654
99
100%
106%
106%
37%
21%
107 X
42
22
43
74
43
74
44
76
99
3654
99
21
43
73
Preferred
52%
85%
77%
24%
103
common.. 37%
106%
Wabash
30%
53%
85%
79%
24
72%
60%
48
48%
32%
07%
35%
99
36
92
23%
35%
73H
39%
87%
134%
36
92
184
95
...103
Pacific,
Preferred
U.S. Steel Corp.,
Preferred
57%
22%
185
153
191
08%
30%
100%
172%
50
22
184%
95
33
9334
108
11654
182
151
55
73%
61%
48
48%
Preferred
Union
79
5%
93%
181%
150%
192
Southern Pacific
Southern Ry., common
35%
91
52%
85%
150%
55%
87%
Western
Western
22
78
181%
151%
Central.& Nashville
Mexican Central..
Illinois
50%
182%
35%
91
50%
84%
51%
Erie, common
First preferred
115
55%
181%
5%
935*
114%
55%
21%
91
Rock Island Co
McAshan.
—
Sal.
Sep!. 15.
Silver, per oz
<fc
The directors of the South Texas National Bank of
Houston, Texas, have elected Maurice McAshan as Second
Assistant Cashier, a post created to keep pace with the
growth of the institution. Mr. McAshan is the son of Cashie r
Vol, lxixi.
|
37%
21%
21
42%
73%
73
37%
22%
•
•
a Price per share.
gttonctavBiCommcrcial^ugUs1x|Xje\irs
DIVIDENDS.
The following dividends have been announced
Name
of
Company.
Per
When
Cent.
Payable.
Railroads (Steam).
Evansville & Terre Haute, pref
Interborough Rap. Transit, N.
Manhattan, guar, (quar.)
N. Y. N. Haven & Hart, (quar.) ...
x|%
Y
Oct.
Oct.
Oct.
Sept.
'J"
Southern Ry.
Mobile & Ohiostk. tr. ctfs
Street Railways.
Savannah Electric, pref
Seattle Elec. Co., pref
Union Tract, of Indiana, pref
Nineteenth
Ward
Trust Companies.
Franklin. Brooklyn (quar.) (No. 61)
Guaranty (quar.)
Metropolitan (quar.)
Van Norden (quar.)
Williamsburg, Brooklyn (quar .)
miscellaneous.
Aeolian, Weber Piano&Pianola.pf .,(qu.).
Amer. Beet Sugar, pref. (quar.) (No. 25)
Amer. Iron & Steel Asso.. com
Preferred
American Locomotive, pref. (quar.)
American Screw (quar.)
Oct.
Oct.
Oct.
to
to
to
Oct.
Oct.
Oct.
2
2 Sept. 16
1 Sept. 26
Sept.
30 Sept. 2
to
Oct.
1
3
5
5
2
2
Sept.
Sept.
Oct.
Sept.
Oct.
30 Sept. 24
to
1
Oct.
30 Holders of rec. Sept. 30
1
2 Sept .24
to
Oct.
Oct.
1
36 Sept. 21
to
2 Holders of rec. Sept. 20
154
Sept.
Oct.
Oct.
Oct.
Oct.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
30 Sept. 21
i
i%
1%
2%
2
International Power, com. (quar.)
Preferred
Preferred (extra)
Intern. Smokeless P. &Ch.,com. (quar.)
Mergenthaler Linotype (quar.)
National Sugar Refg., pref. (quar.)
Otis Elevator, pref. (quar.)
P. Lorillard, pref. (quar.)
Railway Equip. Corp. (m'thly) (No. 88)
do
do (extra)
do
Royal Baking Powder, pref. (quar.)
Sloss-Sheffleld Steel
&
Iron,
Preferred (quar.)
Va.-Carolina Chem., pref.(qu.) (No 40).
Vulcan Detinning, pref. (quar.)
Western Union Teleg. (quar.) (No. 148)
Westinghouse Air Brake (quar.)
do
(extra)
a Transfer books not closed,
ft
1
%
2%
1%
2%
VA
l
Sept
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
1ft
Union Bag & Paper, pf. (qu.) (No. 26).
Union Ferry
United Fruit (quar.)
United Gas ImDt. (quar.)
United Shoe Machinery, pref. fquar.)
do
1
3
com
Preferred (quar.)
Swift & Co. (quar.)
Oct. 16
1
Oct.
Sept. 20
Oct.
1
Chicago Telephone (quar.)
General Electric (quar.)
to
to
to
to
Preferred (quar.) (No. 25)
Preferred (quar .)
16 Sept. 24
2 Sept. 20
2 Sept. 16
Sept. 17
do (extra)
do
American Shipbuilding, pref. (quar.) ..
Amer. Smelt. &Retg., com. (qu.) (No. 8).
Amer. Typefounders, com. (quar.)
Inclusive.
2 Sept. 16
2%
2%
__
Books Closed.
Days
1
3
(quar.)
week.
Oct.
3
Banks.
this
1%
1%
2
l»
2
1%
1*4
2%
2%
x Also declared
2%
2
1
Oct.
to
1
Holders of rec. Sept. 23
Holders of rec. Sept. 23
Holders of rec. Sept. 23
21 Sent. 22
to
Oct. 20
30 Sept. 23
to
Oct.
1
30 Sept. 23
1
to
Oct.
15 Sept. 10
to
Oct. 15
to
Oct. 16
Oct.
3
Sept. 21
Oct.
2
to
16 Holders of rec. Oct. 10
16 Holders of rec. Oct. 10
1
30 Sept. 27
Oct.
to
16 Holders of rec. Sept. 20a
2 Sept. 27
to
Oct.
2
2 Sept. 14
2
to
Oct.
2
2
2
2 Sept. 14
2 Holders
30 Sept. 17
j
Oct.
2
of rec. Sept.
20
Oct.
Oct.
2
to
2Sept.21
to
to
1
14|Holders of rec. Sept 30
1
2 Sept. 17
to
Oct.
15
15
1
30 Holders of rec. Sept. 15
Oct.
2 Sept. 21
to
2
1
2Sept.21
Oct.
Oct.
Oct.
to
Oct.
14 Holders of rec Sept.
14 Holders of rec, Sept.
14 Holders of rec, Sept.
14 Holders of rec Sept.
Oct.
to
15 Oct.
1
20 Oct. 11
Oct.
to
16 Sept. 21
to
Oct.
10 Sept. 23
to
Oct.
10 .Sept. 23
to
Oct.
1 Sept. 21ft
16 Oct.
1
2,Pept.21
to
to
2
to
16
3
2
30
30
20
20
15
20
12
10
10
p. c. payable April 10 1906.
Correction.
Auction Sales.
— By Messrs. Adrian H.
55 Frazer & Geyer Co
U. S. Shipbldg. Co.,
562
816
H
reorgnization
pref.,
certfs
$5 for
1,125 IT. S. Shipbldg. Co.,
com., reorganization
certfs
$5 for
5
Lawyers
Co
Title I.
10 Nat. Citr Bank
25 Bwav. & 7th Ave.
Co
.'
Muller
&
Son:
Stocks
Slocks.
&
lot
lot
Tr.
343
RR.
292%
24334
15 Retsof(Sak) Mining
Co 41%
Bonds.
$88,600 Sultana Mining Co. 6s
$8,860 for lot
$4,000 Edison United Phono.
Co., coll. tr. 4s, 1908: J & J.
25
$112,500 U. S. Shipbldg. Co.
1st. 5s, reorganization certfs.
49
85,000 Cent. Union Gas Co. 5s,
int.
1927; J & J
and
108J^
$5,000 Alb. & Hud. RR. 1st.
4-5s, 1943; M &S
80J4
Sep*. L6
d
5
1
.
51 -
6
7
THE CIIROXIOLK.
L905.I
—
City Clearing Boom Banks. Statement of
weok ending Sopt. 9, 1905, based on averthe
aondition for
New York
age of daily
result-;.
BANKS.
hM
omit
lit
oipKtri (00)
Surplus
Capital
Loans.
00s omitted
*
v
Manhat. Co
Mechanics'.
America
Phenix
caty
Chemical ..
Ex .
i.
Gallatin
But -v Drov
Mech.&Tra.
Gre< nwich
Anier. Excb
Commerce..
Paeitlr
People's ...
N. America
450.0
200.0
a, 000,0
Hanover
...
3.0011,0
Citizens'
..
...
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000.0
750.0
1,500,0
3,000,0
250.0
3,000.0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100.0
Nassau
Max.* Kult.
ShocfcLthr
Corn Kxch .
...
Imp. & Trail
Park
East Hirer
Fourth ....
Second ....
First
N.Y.Xt.Ex.
Bowery ...
N. Y. Co ...
German Am
Chase
Ave..
German Ex.
Gerniania
Lincoln
..
Blc.otMet..
West
..
IstN.Bklyu
Liberty
Total
...
1.660..*
15,848,6
889,4
771.0
713,5
646,4
4,643,6
1,769.5
728.6
876,8
1,464,4
1,303. 8
426,0
1,481,1
659,0
1,478,0
635,0
2,065,5
1.000,0
1,000.0
500.0
350.0
N. Y.Pr.Ex
New Amst.
Astor
3,332.5
6,146.6
2,189,6
14.838.0
63,412,2
7.240.0
16,948,9
3,131,0
7.117.8
7,395,5
30.738,0
9,131.7
24.685,0
70,908.0
1.176.7
20.801,1
9.739,0
102,229,3
8,859,2
3,190,0
4,980,5
4,253.9
46,b23,6
9,984.2
3,114,8
2.458,9
13,405,8
•129.7
200,0
500,0
300.0
Side..
22316.2
680,
1.057,2
2 924 9
6,891,2
1,081.2
576,7
315.2
1,881,9
441,1
8,301,0
1.114,7
6,632.3
7,221,6
111,4
3,935,3
1,000.0
250,0
1,000.0
Firm
4. '-'93.3
i
200,0
200,0
300.0
Garfield
Seaboard
6,849,0
223,8
18,260,0 188,823.
sot..
7.
24,281.2
362,
5,9
2
S.' °
8,832,6
2.449,1
180,8
5,010.0
372, D
4.01s.r.
654,8
4.449,5 29.019.7
r.,1"",- 151.330,1
700,0
500,0
5,000,0
25.000,(
3,000,0
422,7
Mercantile
Filth
|
9
8,486,0
4,747,9
820,0
34,456.1
L09.1
4e4,6
590.S
504.5
7,
'.'4
4..
898,0
1,165,0
4 87.4
720,0
632.5
1
Deposit*
A>.
I'M,
P.O.
$
17,442,0
1.519,o
2.193.0 31.
1,609.0 16,947,5 JT'O
1,660,0 21,6
2,341..
85,787.7
266.0
4.822,0 24'6
10.653.0 180.018,
1.781.2 23.112.8
6.421,0 J3-6
617.3
661.2
6322,3 25 -a
81.0
2,755.5 20 6
6,430.o 23 -2
640,0
1
i
397,6
4,272.'
4,052,8 1,728,0 21,783.o
23.103,1 10.7d6.ti 131. 79;..
3.313.S 1,375,2 18.775.2
438,1
380.7
8,757,3
792.7
817.7
6,238.0
412.9
249.8
2,518,3
1,406.4 1,802,2 13,292,6
11.806.9 4.877,0 64.102,4
6.711,0
350,6
1,209,8
3,104.1 1,405.1 18,306,5
427.3
350,2
3,565,5
602.7
7.171.6
1,373.6
9,741,9
2,035,4
345,9
38.251,0
5.918.0 3,866,0
1.213,9
339,1
&840.4
4,334,0 1,238,0 22,149.0
19,347,0 4,845.0 84.823,0
162.1
195,8
1,360,4
3.879,0 2,064.5 23,324.6
615.0 1,728.0 10.217,0
21,372.4 2,019.1 94,801.1
336.9
8,524.5
1.820,1
200.0
3,535,0
470,0
407,9
6.674.7
815,8
4.206.8
776.7
208,4
11,877,5 1.916,3 54.832,1
358,7 11,294,0
2,666,5
655,0
3.670,0
185,0
5,509,6
474,6
865,7
605,4 2,861,9 14.613,;
6,948.2
1,303,2
279,3
145,9
477.3
2,606..
515,2
9,608.7
1,519.1
360,0
736,0
4,419,0
1.671,0 16,303,0
2,80.3,0
619,0
866.0
4,927.0
250,0
2,225.7
9,881,0
6,299.2
1.286,5
357,6
693,2
800,7
6,954,8
291,0
954,0
4,467,0
5,
2,652.9
8,570,7
4,153,0
13,786,0
4,442,0
11,473,1
5.434,6
6.121,0
4.451.0
241
20o
261
.4 9
2
I
8
25 8
262
241
260
232
?
8,
256
17-6
2ol
28'5
25 6
Loans
Sur-
Invest-
00s omitted.
tal.
plus.
ments.
Sep
Sep
2
sep
Sep
Sep
Sep
220,700,0
L8.836.U 2.0,813,0
18,836,0 221,790,0
-'
3
9
200,0
60O.0
200,0
400,0
250,0
200,0
200,0
100,0
100.0
100,0
200,0
100,0
750.0
United Nat. 1.000.0
171. '2
Yorlcville
302,3
201,1
266.0
Chelsea Ex.
Colonial
Columbia
..
Consol. Nat.
Fidelity
14th street.
Hamilton
..
Jerterson
..
Mt,
Moms
Mutual
19th Ward .
Plaza
Riverside ..
State
12th Ward .
23d Ward ..
Union Exch
1
,000,0
..
100.0
Coal & I.Nat
Metrop'lit'n 1.000,1'
34th Street.
200,0
Borough
201,
15,3
26,1
28,2
50,8
253,0
355,1
18,6
133,7
230,6
8,7
145,3
28,9
36,1
140,0
13,6
573.0
37,0
55.6
22.9
245.9
1,676,9
7,15a,7
2,234,9
2,623,0
2.061,7
3,408,4
1,127,0
51,2
609,3
197,9
23028
29,9
34,6
42,8
360,8
203,0
32,3
40,6
2'27,1
188,7
136,5
119,4
260,5
186,3
324,0
106,5
278,0
219,0
158,6
313.9
60,8
271.4
246.1
45.1
37,4
18'9
21-9
<3'4
26-1
26-8
22-8
24-3
23-8
22.8
For week.
200,0
150,"
.
Brooklyn ..
800,0
Mfrs.'Nat..
£62,0
Mechanics' 1,000,0
Nassau Nat
300,1'
Nat, City
..
North side.
Peoples
s'ard
800,0
lOO.o
100,1)
.
Union
Wallabout
.
loo.o
800,u
100,0
343
106.2 1,882,2
362,2 2,679,3
169,6 l.*65,4
628.0 8.712,0
788.4 1o.137,o
78s,.
5,025,0
592.2 3,410,0
183.8 1,424.3
199,8 1,724.0
736.
98.4
184.2 5,209,0
927,9
102,6
15.4
118.8
278.7
290,0
168,0
158.0
21.
82.0
11.7
1
136,6
216,8
First Nat...
Hudson Co
.
24-8
26-8
30-1
2 5-0
260
20.0
11 -8
Deposits
65, 2
31.3
40,4
457.1
573,0
379,9
58,3
406.7
82,0
243,3
272,1
177,3
484,2
672,0
7 1,3
85,0
150.O
134,6
769,0
71,1
155,2
29,6
240,9
3.7
26,0
5,0
5,048,1
310,0
107,8
56,0
56.8
120,8
4,61-2,6
3,036,9
3,302.6
3,545,9
2,767,6
3. 940. 'J
1.584.8
71,1
760,0 10,915,0
86,0 2,632,0
•2,026,0
187,1
7.081,7
1.273,1
3.062,7
3,653,2
3,236,0
1,135,1
200,6
615,?>
on,:.
126,3
723.1
26,7
94,-
606,0
872,3
653,2
4,057,3
6,492,0
2,437.0
766.0
...
219.2
267,7
252.9
597.9
67,6
154, '2
578,1 1,014,.
413,0 1,069,0
498,i
310,0
8228
45.0
115,0
396,0
99,1
64,0
305,0
443.0
72.1
40,1
45,3
102.8
Total.
Second Nat
Third Nat..
4,875,6
165,8
250,c
250,0
200,0
2,817,6
864.9
8623
663.2
lo4.;
304, fc
Second Nat
110,0
125.0
•
1,679.1
170.6
2,679.2
1.362.;
Tot. Sep !• 1 2 370 186094 126195 1
Tot. Sep 2 121370 136230
Tot. Aug'.O 121370 146230 1239 162
258,3 1,572
2343,1
49.0
440.3
2.059,8
4,680,6
1
Total 36 weeks.
$9,724,482
$11,857,565:
$97,208,173
378,999,883
$83,917,604
323,001,160
$93,490,880
321,015,721
$86,709,450'
299,465,471;
$476,268,056 $406,918,754 $414,506,601 $386,174,921
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 Sept. 11, and from January 1 to date.
in
NEW YORK FOR THE WEEK.
EXPORTS FROM
For the week
Previously reported..
Total 36 weeks
1905.
1904.
1903.
1902.
*10,7G6,15O
354,862,5^4
$8,402,010
321,035,821
$9,288,844
335,727,775
$9,801,430
322,558,838
$365,618,734 $329,437,831 $345,016,619 $332,360,268
Note.—As the figures of exports as reported by the New York Custom'
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from tune 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 Sept. 9
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
0.413."
1,011,6
Total 1905
Total 1904
Total 1903
8.808,1
2,241 S
25.1
151,-
8.8
89 6
95
,
France
'
Mexico
South America
7.6-22.:.
139072 8,083,1
6,149,621
$523,863
5,000
250,000
82,300
7,500,000
8.000
29,209
1,128
1,029,446'
$89,472
26,400
$6,736,300
6,590,675
6,182
3,789,120'
6,772
,
132,337
*13,16»
20'
63,018
$1,365
34,735
6,760
2.807
4,000
687,499
9.657
Total 1905
Total 1904
Total 1903
757,533
209,271
$20,000
All other countries
$975,202 $23,258,366
28,905,832
724.72"
541,550
22,048,656
$44,667
1,001,907,
1,289,912
26,080
$2,394,103'
661,998
13,525
16,628
1.134,435
Of the above imports for the week in 1905, $10,473 were
American gold coin and $3,993 American silver coin. Of the
exports during the same time
$25,000 were American'
gold coin and $
were American silver coin.
—See page preceding.
Mantling
atxtf
financial.
Spencer Trask
I
-
ii
\
i-l
nun
r
&
(tanl.i
Co.,
-.
We
transact a general hanking business; sell and purchase investsecurities; issue circulars describing Bhort-term and long-term
high-grade bonds; execute commission orders upon the New York
stock Exohange and in the financial markets <>i the leading ol
Hi- also have special representatives In all of tin: principal cities.
ment
Branch Office, Albany, N.Y.
1,6
William ami Fine
Moffat
19,1
80.9
1.7
$330,922
$974,242 $21,892,644
538,335
12,892
960
113,339
.......
Germany
West Indies
-
25.0
60,1
Since Jan. 1.
4,266,136
9,655
$275,000 $38,093,987
502,345
73.158,273
2,750
32,827,856
Silver.
Great Britain
i,o
287,8
197,9
Week.
1.
$1,600
25,352,566
1,640,7
_.--•:.
1,388,0
31.7
46.3
NEW YORK
IMPORTS.
Since Jan.
Week.
Great Britain
France
6,446,0
267.7
122.9
140.6
674,0
104,0
1
74,8
62
$10,982,448
The imports of dry goods
208.'
241,5
6.915,1 186023
">.
$11,080,299
1,762,3
69,9
45.5
1
$2,436,687;
9,421,878
Since Jan. 1.
Hobokex.
First Nat...
$2,116,374
7,608.108
2,162.0
107,'
194,i
1902.
$2,260,129
8,722,319
All other countries
$
«
15'2,o
400,o 1,100,4
1903.
1904.
$2,824,948
8,255,361
*1'1
JEBarrCm
National
1905.
Dry Goods
General Merchandise
238
Agent. Bks.<tc
-
107.6 13,1
FOREIGN IMPORTS.
Dry Goods
Net
40,7
129,885.8
131.410.4
—
Auction Sales.
Broadway
7.S39.I.
264,846,0 12,907.0
264,295,0 12,036",0
285,496,0 1-2,861,0
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Sept. 7 and for the week ending for general merchandise
Sept. 8; also totals since beginning first week January.
General Merchandise
o'
Brooklyn.
Boron eh ...
70,017,0
70,426.0
69,850,0
Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits.
For Boston these Government deposits
amounted on September 9 to $1,427,000; on September 2 to $1,428,000.
Deposit with
$
$
771,9
937.2
652,6
3,199,7
6,141,0
S.999,0
798,9
4,514,0
4.075,5
3,031.8
2,573,6
3,400,2
2,214.9
3,250,0
1,482,8
9.929,0
2,136,0
114.488,7
118,589,2
120,924,6
7.752.0
7, so 4. o
t
Boroughs o>
Man<£Xr'nx
Wash. Hgts
Century -.-
$
8,617,1 217,737.0
6,281.1
5,880,< 219,796,0
17.372,0
16.732,0
15,769,0
I'liilu.
Aug
Mexico
146,5
68,6
67.6
291,9
367.4
1,050,5
126.0
60,8
139,7
366,*
125,7
244.1
203,8
265,5
107,2
880,9
133,6
116,8
677,1
Clearings.
i
42,167,5 148353,0
42,167.6 189.767.0
42,167,5 19 1,420,(1
8
9
South America
$
I'lL
It...
Aug 2 6
N. Y. CITY
100,0
100,0
100,0
100,0
300,0
I
1
1
Gold.
Cleafy Other
I
latum
t
EXPOETS.
iBank
Notes.
\
posits,
8
8
221.194,8 86.208
11885513 51,592,1 1.631,644,7
.'.•2,3
84.799,0
1,574,20-2,0
1810845
10,7
219,450.3
160687' 53.095,5 1,660,!
218,787,2
207,4 72,4 78,714,6 11 2642 26 53,702,4 1,413,186.7
11461015
11 146078
1369208
266,814,4 11066836
all cases.
Leg. Z,
Specie.
$
De-
Legals
Bpte i*.
55, 165.6
254
—
Capi-
V
Aug'JO
22-8
25-3
25-3
Reports ot Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Sept. 9, 1905, based on average of daily results.
BANKS.
Loans.
in all th,s? tlgur**.
24'4
552, 900
We omit two ciphers (00) in
V
Anfll
-18
261
115,972,7 140.341,7 11066835 207.472,4 78,714,6 11254220 25-4
Xotai United stales deposits included,
Capital A
Surplus.
HA.NKs
-•4-6
t
r
>«>> York City, Hoston an<l I'liili'.delpliin Itanks.— Below
a summary of tlio weekly returns of ilic Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results lor non-member banks.
We omit two cip'urs (00)
Legals
6,180,0
26,619,0
13,109,8
21.218.0
1
881
is
com*.
specie.
I
" .'.."I K
1.379,7
30H.1'
.
Oriental
all
IS. 3 40,i
8,000,0
2,050.0
2,000,0
3,000,0
1,600,0
I.OO0.0
96,000,0
800,0
600,0
1,000,0
nits'
Chatham
m
•
Bk. or x
!
5
&
Six.,
New
York.
White,
Member* New York Stock Exchange.
HANOVKK HANK BflU'lNrt.
NASSAU STKKKT.
Dealer! fn Investment Securitlci.
-
commission OBDBRB BXBCVTBO
Kiut
<
a«*ii
ONl.T.
THE CHRONICLE.
882
2&tttlijers
For Dividends
see
r
The market
(Sa^jetfce.
Wall Slreet, Friday, Sepl. 15 1905—5 P. M.
The Money Market and Financial Situation. The event
which seems to have had the most pronounced effect upon
the security markets this week was the announcement on
Tuesday that a shipment of gold from London to New York
had been arranged for.
—
This event is of itself unimportant, but the movement of
gold from Europe to this country will doubtless become
more important in case the demand for funds from the
interior causes a considerable advance in loan rates here.
The Government crop report confirms previous reports of
excellent prospects. Business of all descriptions in the agricultural districts, especially in the West, is very active and it
seems probable that the equipment of many railroads wil lbe
fully employed in handling the traffic of the coming season.
Otherwise there is almost no change in the general situation.
The security markets have maintained an undertone of
strength.
The decline noted last week was reversed by the
announcement of the beginning of gold imports, since which
there has been a considerable advance in several issues, as
noted in our review of the stock market.
The open market rates for call loans on the Stock Exchange, during the week on stock and bond collaterals have
ranged from 2% to 4 p. c. To-day's rates on call were
2%@
Prime commercial paper quoted at 4%@5 p. c. for
endorsements and 4%@5 p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £436,641 and the percentage
of reserve to liabilities was 45.54, against 44.95 last week.
The discount rate remaining unchanged at 3 per cent. The
Bank of France shows a decrease of 1,950,000 francs in gold.
The New York City Clearing-House banks in their statement of September 9 showed a decrease in the reserve held of
4 p. c.
$10,958,800 and a surplus over the required reserve of
$4,831,350, against $5,498,875 the previous week.
Differences
1905
from
previous week
Capital
115,972,700
Surplus
140,841,7(10
& discounts 1,106.6*3.500 Dec 30,237,300
Circulation
53,702,400 Inc
606,900
Net deposits
1,125, 422.600 Dec 41,165,100
Specie
207,472,400 Dec 6.314,800
Legal tenders...
78,714,600 Dec 4,644,000
Loans
lteserve held
2 5 p. c. of deposits
4,831,350 Dec
1904
1903
Sept 10
Sept 12
115,972,700
134,323,400
1,130.486,200
40,065,800
1,221,709,400
265,362,600
78,503,000
926,582,800
44,798.800
918,195,600
172,008,200
72,852,900
343,865,600
305,427,350
244.921,100
229,548,900
38,438,250
15,372,200
286,187,000 Dec 10,958,800
281,355,650 Dec 10,291,275
Surplus reserve
*
667,525
110,572,700
129,905,*.
00
United
States deposits included, against $8,552,900 last
week and .J>23,359,800 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $6,969,475 on
$8,552,500
and industrial bonds has been
Daily transactions averaged but little
over $2,000,000 par value, which were fairly well distributed.
Wabash debenture lis have been the most conspicuous
exceptional feature.
The transactions in them have steadily
increased and to-day were on an enormous scale, while the
price advanced to 77, a gain of 6 points within the week.
Union Pacific eonv. 4s advanced over 3 points on limited
sales.
Some of the Erie issues have been strong in sympathy
with the stock and Colorado Industrials are substantially
dull
page 880.
Sept 9
—The market was unsettled and lower
Wednesday, when there was a partial recovery and a
firmer tone; the tendency was downward at the close.
Gold
engaged for import, $1,200,000.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83% @4 84 for sixty-day and 4 86@4 86
for sight.
To-day's (Friday's) actual rates for sterling exchange were
4 8235@4 8245 for long, 4 8505@4 8510 for short and
4 8540@4 8550 for cables.
Commercial on banks 4 8190@
4 82 and documents for payment 4 81%@4 82%.
Cotton
for payment 4 81%@4 81%, cotton for acceptance 4 8190
4 82 and grain for payment 4 82%@4 82%.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20a@5 20 for long and 5 18%a@5 18%<2 for short.
Germany bankers' marks were 94 9-16rf@94 9-16 for long
and 94%@94 15-16 for short. Amsterdam bankers' guilders
were 40 1-16A:@,40 l-8a for short. Exchange at Paris on
until
%
@
London to-day 20f. 16%c; week's range 25f.
25f. 16%c. low.
The week's range for exchange rates follows:
and
-Long-
Sterling, actual
High
Low
—
4 8285
(§4 8305
©4 8235
4 8225
Paris Bankers' Francs
Hieh
Low
5
5
-Short-
©5
©5
19%a
20a
4 8550
4 8495
—
higher.
—
United States Bonds. No sales of Government bonds
have been reported at the Board this week. The following
are the daily closing quotations; for yearly range see third
page following.
Interest
Periods
2s,
2s,
3s,
3s,
3s,
4s,
4 s,
4s,
4s,
*
19J6
I
20
—
ISM
lSXa
5
5
Germany Bankers' Marks
High
94 5^
©94 11-lGdl
Low
94 9-16<Z
©94
9-16
Amsterdam Bankers' Guilders
High
©
©
Low
Less:
Plus:
|
a 1-16 of
k 1-16 of
1
%
.
1%.
d 1-32 ol
t55
18Hft
lS&a"
94JS
©95
©94
40 l-16fc
40 1-16
©40
95<?
—
8555
8505
1%.
x l-32oI 1%.
4 8580
4 S535
J4 8590
M 8545
15-16
@40]4a
1-1G
h 3-32 of
V3-32 of
Sept
9
1930
registered Q- -Jan -1043s
coupon <J- Jan *10478
1930
1908 1918.. regis teredjQ- Feb -104
1908' 1918
coupon u -Feb *104
1908- 1918, small. coup Q
Feb 103
-
1907
1907
1925
1925
This
registered
coupon
u
-
(}
-
10 1
-Jan
-Jan -105
Sept
Sept
Sept
Sept
Sept
11
IV
13
11
15
'104\
104'^
'lot',.
104'6
104
'104
104
104
•103
'104
103
104
M05
registered Q- -Feb 133»4 '133 3,
couponlQ- -Feb *133 34 *133»i
is
»104'4 •104 l4
-10478 *104-'4 •104 34
•104
104 •104
104
•103
iom.
*105
•134
•134
L05
133
104 3*
3
4
>H
•104
•104
•103
103
•104>8 *104 18
•105 1* *106Hs
•134
•134
-134
*134
the price bid at the morning board; no sale was made.
—
Railroad and^Miscellaneous Stocks. The stock market
has been somewhat less active than of late and alternately
Monday's market was irregular, alstrong and weak.
though at the close net changes were in most cases limited to
small fractions and about evenly divided between higher
and lower. The tone on Tuesday was decidedly stronger
than on any other day of the week, but the list of shares that
gained a full point or more is not a long one. The results of
operations on Wednesday, Thursday and to-day were similar
There were, however, a few exceptional
to those of Monday.
features, and some noteworthy advances.
The Northwestern group, including Northern Pacific,
Great Northern, Canadian Pacific and St. Paul, also Missouri
Pacific, Illinois Central and Erie, have been strong features.
Reading has continued active but, failing to maintain its
previous upward movement, closes with a fractional net
Of the usually inactive issues St. Jo. & Grand Island
loss.
have been somewhat conspicuous and the 2d preferred has
sold 6 points higher than last week.
Of the miscellaneous and industrial group the coppers
have been prominent, Anaconda closing over 5 points higher.
Sugar Refining has advanced about a point and the United
States Steel issues show a fractional net gain.
For daily volume
of business see
page 892.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Sales
for
STOCKS
Week Ending Sept 15
Amer Beet Sugar
Amer Dint Telegraph
Asso Merchants. 1st pref
Detroit Sou Tr Co ctfs. ..
Pi Tr Co ctfs
Ft Worth & D C stamped
General Chemical, pref..
Homestake Mining
Internal Steam Pump...
Preferred
Montreal Lt
Range for week
Range
since
Jan
1
Week
Ht & Pow.
BE Securities 111 Cent'l
stock trust cei tificates
U S Leather, pref
700 25 Sep
200 31 Sep
320 108 Sep
700 10 Sep
100 42 Sep
100 74 Sep
2'>0 105 Sep
500 80 Sep
100 28 Sep
2oo 82 Sep
100 92 34Sep
300
100
25 ss Sep 15
32 Sep 14
109 Sep 12
14
14
13
13
15
98 V3ep 13
U0 34 Sep
Sep
42 Sep
74 Sep
105 Sep
80 Sep
28 Sep
82 Sep
92 34Sep
11
23^ Aug 34 12 Mar
29 May 38 Jan
96
13
8
15
39
13
14
14
13
13
15
J'ly
44 Jan
101
71
27
Apr
Jan
J'ly
78>i2May
92 34 Sep
Sep
92
9 l!0 34 Sep
9 100
99
Jan 109 Sep
J'ne
11
4 J'ly
42 J'ne
75 Aug
106 Aug
80 Apr
40*8 Feb
SS^Apr
92 34Sep
Jan lOO^Aug
Wan
Ul^J'ly
—
Outside Market. The market for unlisted securities has
shown some improvement the last two days from the listless
appearance which has characterized it for some time past.
Activity, however, has been confined largely to one or two
18%c. high stocks. The mining group continues prominent. The chief
feature of the late trading was the heavy dealings in Inter-Cables-
©4
©4
for railway
and narrow.
September 9 and $7,637,100 on September 2.
NOTE.— Returns of separate banks appear on the preceding page.
Foreign Exchange.
[Vol. lxiii.
national Mercantile Marine issues; the preferred, after a gain
from 30% to 31%, jumped up to 33, the final sale to-day;
the common ranged between 13 and 14, easing off to-day to
13%. Chicago Subway was also an active feature, and on
large transactions advanced 1% points to 83%, dropping
subsequently, however, to 81%; the close to-day was at
Interborough Rapid Transit was affected by the
82 %.
accident on the Elevated road, the price breaking 3% points
to 213%; later the loss was recovered in an advance to 216%.
The usual dividend of 2 per cent was declared this week.
Various rumors regarding the copper stocks caused a frac-
!%
The following were the
rates for domestic exchange on
at the under-mentioned cities to-day:
Savannah,
buying 50c. per $1,000 discount; selling, 75c. per $1,000
New York
24%
in Greene Consolidated Copper from
to
last sale to-day was at 25%.
Greene Consolidated
and 4%, declined to-day to
Gold, after moving between
3%. United Copper was irregular, the common selling as
& n d as high as 37%, with the close to-day at
low as
tional
1%.
advance
25%; the
4%
34%
35%; the preferred gained a point to 77% and ends the week
New at
77%. Northern Securities has been quiet, opening the
Orleans bank, 75c. per $1,000 discount; commercial, $1
at 184 and advancing steadily to 188%. The "Stubs"
week
per $1,000 discount; Chicago, par; St. Louis, par; San FranStandard Oil is
rose from 412% to 450, but closed at 375.
cisco, 20c. per $1,000 premium.
prominent for a gain of 14 points to 637. An increased deState and Railroad Bonds.
Sales of domestic State bonds mand for American petroleum is expected to result from the
are limited to $30,000 Virginia 6s deferred trust receipts at damage done in the Russian oil districts.
14% to 15%.
Outside quotations will be found on page 892.
premium; Charleston, 12%c. per $1,000 premium;
—
4
4
4
New lork
5
'
.
STOCKS— HIGHEST AS B LOWEST SALE PRICES
STOCKS
Jlomlav
lutsuay
\V /•iine.stia v
ertUau
Sept 11
Sept 1J
Sept 18
Sept 15
NEW YORK
163
111
«97
1044
i>;3
884 80 4
104 4 104 4
4 1614 1694
1114
OS
1104 111
•:'7
654
664 074
•87
163S
•68
•207
DO
ai
•7-1
aiH
39
'J
87
75
35
•
•-'OS
•86
38-.
84
994 100
•118
131
87
744 75:4
344 804
175
1«S
207
185
1S5
190
195
19
"S8'4
•8
99
384
8
00 4 914
104 4 105
164
1664
80 4
103
164
86S
•87
60 4
4
874
210
2
64
r>
S64
86 4
•:>
2
a
1
54 4
36
6
a
33
80
•73
204 814
•84S 85 4
76
1
193
180 200
•15
19
39 4 394
8
8
994 100
180
-'7 4
274
97»«
61
61
604 6t»4 •59
3'.'4 404
41
•404 41
2is43i9
215 217S 218
ii
1204
120
38
02 4
42S
414
4
196
•
1
•73
2
Do
>
1
A
Do
Do
70
86V
5
p. c.
4 p.
c.
pref.
a
2
Clllcaco.C- North
Do prel
n
1
200
74
:'.'
•130
42
•217
.t
Din.
L74 May22
May2S
i4740
83
60
9,701
1
J 'lie
24,160 L684
Mhv2
May
•y.io'i
1
Jan
150
Jan
195
Jan
7
Jan
310 17 4 Jan
1
17
.">
.i
4
J'ne 2
80S
'.,
lira
I'.li
'-j
I
1
I
;
I
;
i
s
1
13
:,
00.'
Mai 105
1
1
F'ne
Feb 50 4 Noi
Jan
Feb 166 4 Nbi
I
I
J'ly32
1
134 Feb
64
111
J'ly
15
May
684 Maj
48
'-'
4
Feb 3
Mar21
20
eb LO
Aug'-
•IS
4 Noi
4 Noi
i/.VV»
Jan
93S Deo
i4J'ly26 121*4 -Marll loo Feb 115 Noi
.Ml'.\|,,2,
134J"ni 24 S Nov
224 Jan 2i
6.87,
324
90
i',800
1
1
1
1
kfay-23
Do 20. preferred
Delaware & Hudson
4 2-\
36
i'n»
284
Colora«lo <& Southern
Do 1st preferred
01 4
4)
'i
1
'.ii 1
Oct
Feb 70 4-Noi
Nov ho Am
Mai i:i".'., Oct
.No,
744 Aui84
Api 72
I'Vli 10 4 Noi
220
Lo
51
Noi
604 Mat 2
384 Mai
Xol
33 Jan
-j Marl.".
\pr 7 75 Jan 864 Jan
7
Noi
254 Marl
l2 8 J'ne
Marl6 804 J'ly 80 Noi
76 Sep 16 47 4 J'ne 74 4 Noi
81 4 Apr 17
10
J'ne 894 Noi
177* s Dea
L874Aprl'i
Mai
173
\|.r
Oct
Deo
!49
Jan 31 101 4 Mai
207
237 Noi
2664) Feb
ioo
225 Ja,i:l 135 Mai
Nqi
230 jan3J ; ir,5 a i» 192 Deo
20 J'ne2>
5 4 Aug
164 Noi
42 4 J'ly 5
114 Auk 274 Noi
I
Jan
Western
40
Do prof
7'- ChiciRO Union Traction.
38 4
Do prof
100 4 Cleve. Cm. Chic. .V; St. L.
122
Do pref
2-4 2R4
01
Paul
Chicago Tenu'l Transfer.
10
.
"A "..
.t st.
Chic St. P. Minn,
Do ]>ri>l
196
1-f)
1
1
pre
'210
1
4 Jan
May23
30,950 154 May22
i;7
L90
77
CbJoaffO Miiw.
Do prat
v
1
"4 50
prof
duoairo Urcat Western.
Do 4 p. c. debentures
S5\
'.j
i
836
lion
187
33
219
21743184
20 460 •445 450
34 3 , 85
344 34'4
Ss4> S9 4
89
89
•18
214 •15
214
•93
94
94
4
93S
.fc
77 38 Mny22 B8SMar 8 64
no Jan25|105S8ep
87"4
6
L90 Jan 25 170 Apr 24 lo
117 Aug 14
72 7 h
LU04Jan
301
.Mar 9 100
Anglo S7°B
91
71,180 SB', Moy33 7:i4J'lv 8 88
IIS
88
87 Sep 16 01 V May 18
85,
Jan 28 168 Sep 16 1094
1
Hi
Lowest
60,720
il
Contra! of New .leisi y...
'heaapeake a- oino
5
1784 179
•3S4
43*6
Pacific
•is:.
84
234
62 4
Susque, pref...
,fc
anada Southern
80
•S5 4
70
30
•
S3
101
122
1
lanaduuo
Chicago
•190
200
19
•33 4 40
01 4
28
•
j
*
66
•
190
8
2
314
14 215
35 245
•35
100
•2 12
75 4
35 34
1704
178
I
•183
87
169
69
•864
S5 *o 30
35 4 35 4
17KS 1784, 177S1784
1834 180 •186 187
Do pref
»
'
684 694 Brooklyn Rapid Transit..
s7
'-MS
I
754
76
y
1
,
nest
(it
Prtviout
/or
i
1
AtlantloOoMt Line KH..
>>altiuioro A Ohio
34 1184
-j
prof
1>o
35
11
•'.•7
*•
105
.",
2 IS 9 *t
•854 84 S
75
1
11 a<v
Kan<i<- 'or },'<ir l'.i<>.~>
of lt);)-sliarrlots
On basis
II
\tch. TopekaASanta Fe
106
Hi,-
IIAXOK
1
69*4
88
•-7
105 34 100',
•OS
894
1914 214
54 «, 50',
•
39
•73
SO
•87
1654167
•684 60
210
91
106
166
•974 99
97 4
07',
S9\
1
99",
•1194 18]
90 4
105
104
111S1H4 1114
1104 112
97 4 97 4
212 4 214 4
846
•Jo7
24 5
134
•74
88*4
I
aia
176 S 176S
186
•18*i
•210 -'14
•230 245
•1-5 195
•190 200
•
67 4
80
oo*,
534 534
\<a
•87
1634 165 4
•63
68 4
206 212
63 4 64
36
86
80
ir>5
89
1044 104 4
">
5at4N
STOCK
KnilrnmM.
884 80 4
•164
'
.
Record, Daily, Weekly and Yearly
two pahkh
o<erj'YiN<;
S+pt
6
Exchange— Stock
Stock
>v
Saturday
22
...
May-'::
I
4 4'4
J'lH
174
1
'
I'n.
03 Deo
37 4 Noi
2,400 l<84.May2- 225 Aug22 149 Mai 1904 Deo
Jan 25 170 Augl 250 4 Fob 1504 Deo
274M.IV2.: 36 4 Mai 14 18 Mai 35 78 Xov
•39
bOl/ 834 May
89 -.
91
Marl.".
04 4 Fob 89 Deo
Do pref
•16
•10
•10
20
18 May22 28 4.Mar 17 194Jan 27 Deo
214 Des Moines <& Ft. Dodge.
-i*3
93
430
J
2,
93-.
'4
70
an
4
Detroit United
03 4
'4
95SAug24 00 4 J'ne 794 Deo
•93S 94
•144 154 •14
13*, 15
515 4 16 4 Duluth So. Shore & Atl..
15
154
186 11 34 May23 17 4 Jan 21
IS
54 J'ut 144 Nov
34 4 34 4
344 344 344 34 4
8,110 21 May _2 37 Jan 21
344 34
344
34
9 4 Aug 28 4 Nov
Do pref
514 52 s tTTie
614 52
445,020 37 4 May 22 524 Aug'JO 214 Ma> 41 S Nov
484 49«» 484 61
60S 62 4
824
7
55'
82
83
83
83
6.700
May
2
!»
77 Deo
824
834
-1
S
85
8a
814
4
Do lstpref
82S
4
Aug 1
8 May
76»8
75
76 4 7;. >,
75
764 *74
764
754
15,750 55 4 Jan 3 78SAug24 33 May 584 Deo
7t»
Do 2d jiref
•72
•72
•72
•73
75
77
76
1,225 63 J'ly 6 75 Aug 11
77
77
Evansv. <fc Terre Haute.
4 J'ly 67 Deo
•90
•90
•90
•90
•90
93
90 Feb 28 96 AuglS 72 Feb 83 Nov
98
93
96
Do pref
319
320
236
816
315
319
321
314
Jan
4
335
17
321
7,500
S14
Great Northern, pret
170 Mai 242 4 Deo
319 321
Apr
312S
-- .-••
33 Feb 10 90 Jan 13 70 Ang 86 4 Nov
Green Bay&\V..deu. ctf.A
22
10 17 May 2 2 244J'nel9 11 J'ue 204 Not
22
del), ctf. B
Do
•23
•23
'23
•234 24
•23
24
24
400 15 Apr 24 25 4 Aug 14
34
214 Havana Electrio
24
24
•73
73
•72
50 J'uel5 74 Augl4
78
734 73
73
700
734 •72
73
73
73
Do pref
•90
91
92
92 4
830 86^ Jan 18 99 Marll 60 Ma> 94 Deo
924 91-4 •90
93
BO
93
Hocking Valley
•92
200 90 Jan 18 96S MarlS 77 Mar 95 Deo
92 4 •92
93 4
93
93 4
92 4 924 •92
93
Do pref
15,507 1524 Jan 25 LSO-iAuglO 1254 Feb 159 Deo
1754 176S 1754 176S 177 179 4 179 179 4 179 1794 179417
Illinois Central
•27
28 28
28
800
4 May 21 32 Feb 3
23
274 274 28
28-.
26
4
14 J'ne 33 Nov
owa Central
274 28 S
'54
•54
67
100 50 May 10 584 Feb 3 32 Feb 694 Nov
57
564 664 •55
56 66 •55 57
Do pref
3
780 81SJ'nel9 854 Aug30 644J'ne 834 Not
864 85 4 85 4 }35 4 854 •85
*i>5
85S •864 85-4 z844 84 4 KC.Ft.S.<S;M.,tr. cts. pfd
•-'54 26
•25
26
26
1,050 22 4 May22 34 Feb 14 164 Feb 81 4 Not
254 274 •24
274
ansae City Southern ..
26S
3
•64
55
52 Jan 3 70 Feb 14 31 Feb 564 Not
64
54
644 56
55
2,850
54
•54
54
Do
54 4
pief
„
•34
•33
•32
•32
•32
37
38
37
36
100 284 J'nel6 444Marl4 26 Mar 434 Deo
36 Lake Erie <fe Western...
35
35
7
•95
•95*, 96
•Bo's 93
600 91 J'nel5 100 Marl3 85 J'ne 105 Oct
•954 97
Do pref
954 95 , •95S 97
', 87
5290 Jan 20 4350 Marl3 }245 Nov 4300 Deo
315 325 •316 325 • 315 325
L. Shore <& Mich. South'n
315 325 •315 325
•66~ *7o
•06
•66
69
•66
70
70
604 May 22 7lSAug23 46 May 62 4 Not
65 70 65 70 Long Island
145*1474 14. 4 1464 14641484 1474 1494 14841494 14SS1494 Louisville <fe Nashville... 27,400 rl344Jan25 156 4 Apr26 101 Feb 14SS Deo
162 166 \Ianhattan Elevated... 1 ,300 101 May 175 Feb " 1394 Mai 169 4 Not
165 165
105 4165 4 166 166
105 165
1034 164
81
814
81
82
^0
804 81
91 Marl 7 724 Mar 964Aug
81'8
81 3, i'Aetrop. Secnr., sub. rec. 12,000 73 Jan
79 4 804
81
57,750 114 Mayll 133 Aug28 1044 Mar lSO^Oct
1 .04 1274
126 127 4 126S127 4 1264 1284 127 1284 127 128*4 Metropolitan Street
2 J '» 234
234 24
10,000 184May22 26 Marl3
23 4 234
23 34 Mexican Central
5 Apr 23»8 Not
23S 234 234 23 °» 23
•140 150
4130 J'nel4 155 Augi 41194 Feb 150 Not
140 150 •140 150 • 140 150
140 160 •140 150 Michigan Central
71
71
70 4 •70
•68
70
70
75
56
500
•70
4 Jan 12 71 Sep 9 40 J'ne 074 Jan
71
Minneapolis
St. Louis.
75
•95 115
•96 110
•97 110
•9 7
110
•95 110
86 Jan 19 100 Aug24 80 J'ly 96 4 Sep
•97 115
Do pref
136 136
136 3« 135 34 137 138
1334 1414 1404141
1404H2S Minn. S. P. & S. S. Marie. 6,020 894 Jan 11 143 4Augl7 55 Jan 95 Oct
•165 1«64 •164 166
166 167 4
16641664 166 loO^ 166 167
4,000 148 Jan 13 109 4 Mar29 116 May 150 Oct
Do pref
34 4 344,
11,250 24 May2: 35 Aug30 14»8 Feb 36SNov
^44 344 33 4 34 4
344 344 34 4 3 IS 34 4 344 Mo. Kansas <fc Texas..
7 is, 71»4
70 34 714
714 714 714 71 34 714 714 714 714
7,700 564May23 73 Aug'25 32 4 J'ne 65 4 Deo
Do pref
1
24193% 102 11 1034 103 4105 4 10541064 105 41074 107S108V Missouri Pacific
169,800 94 4May22 110SMarl3 87 Feb 1 11-4 Deo
•145
•144 148
137 Janl 158 Apr 20 1014 Feb 147 3, Deo
145 150 •147 1474 146 160
150
ash. Chat t. & St. Louis
145 150
•34
•34
39
•33
39
40
384 384 >[ atof Mex, non-oum.pf
39
300 33 4 May » 45 Jan 16 344 Feb 454 Not
•354 39
•19
21
•194 2U4 •19
21
17 34 j'ne20 24 4 Jan 10
•194 21
15?8 Feb 254Nov
•19
Do 2d pref
204 •194 21
14 5»4 147S 145 3, 1464 14641484 147 S 1494 148. 119 4 14841494 N. Y. Central & Hudson.. 35,500 136 34 May22 1074 Mar 14 11 2 S Mai l454Deo
5-'
•50
53
51
51
624 52 4 52 4 53
3,100 42 Jan 20 654 Apr H 25 May 47 Deo
54 4 N. Y. Chic. <fe St. Louis...
524 54
•110 120 •110 120 110 120 •110 120
115 Marl3 1224 Jan 30 1014 May 115 Not
Do lstpref
110 120 •115 120
3
83
80 83 -81 84 •82 84
84
•si
900 74 May i 85 Apr 7 00 J'ne 78 Deo
4
84
Do
2d
pref
82 S 83
207 209 N. Y. N. Haven & Hartf
•2t'7
209
545 H94 May 2 211 Augll 31854 May 199 Oct
207 207 1207 4 2084 209 209 {2084 209
64 4 644 N. Y. Ontario & Western. 16,950 40SJan 5 64 Mar3o 19S Mai 47SOct
55 4,
64
63
544 55
53S 52 34 534
644 65
3
85
84 s* 85
844
86
84
MaylO 884Marll 53 4 Mar 80 4 Dec
844
4 864 Norfolk <fc Western
16, .00 76
834
84 4
4
84 4 86 4
•914 924
*93
92
•91
92
934 92
92 4
100 91 4 Feb 24 96 Augll 83 May 95 Dec
•91
Do adjustment pref.
92
3
208 209
209 211 , 209 4 2114 210 2114 209 42114 Northern Paoifio. ........ 11,300 165 Apr24 2164 Aug2]
2064 208
104 104
105 105 4 103 104 4 103 104
10441044 103 105
1,900 784 Jan 17 107 4Aug30 51 Feb 82 4 Deo
Facifio Coast Co
• 105
•105 110
100 Jan 3 108 Feb
105 110
105 110 105 110
111
Do lstpref
105 111
95 J'ly 101 Sep
104 104
•105 1074 •105 107
103 107
•104 107
100 85 Jan 12 107 Aug30 014 J an 864Deo
Do 2d pref
103 107
143 144', Pennsylvania
14141424 140S 142
1414H3S 143 143 34 142 34l44 4 •36
207,400 1314May22 148 Aug24 1114 Mar 140 Deo
•38
•36
40
40
•36
•36
40
40
27 Jan 25 484 Apr 3 17 Mar 324 Deo
•36
40 reoria<& Eastern
40
•99
Oho 77 Jan
99
Pore Marquette
99
L05
106 Febl4 744J'ne 81 S Jan
99 100
83
80 * 80 4
80 4 81<4
784 J'ly 12 87 4 Feb 6 468 May 794Not
824
Do
1,731
814
pref
J814 814
83S
•
• <•••«•
81
•81
83
804 804 804 81
81
•80
600 70 Muy23 874 Mar 13 55 Apr 80 Deo
Pittsl). Cin. Chic <&> St. L.
82
106 112
•106 112
106 106
106 112
•100 112
100 105 Febl7 112 Marl3 90 Apr 107 Deo
106 112
Dd pre!
11741194 1164H8S 117 34 1194 U841I9<4 H8S119'e U841191 I> eading
252,400 zTd Jan 13 254 Aug24 384 Mar 82S Dec
9i4 914 rtist pref
•914 934 •914 93 4 91
914
91
770 90 May 22 95S Aug22 76 Mai 92 Deo
•91
91
93
•94
95
•94
94 4 95
94
94
2,000 84 Jan 5 00 J'ly 10 554 Feb 85 Deo
944
2d pref
96 4 95 4
95
94S
31«, 32 4
33 4 334 Rock Island Company
314 32
65,800 24 3j May 22 37^8 Jau 18 19 4 Mar 374 Nov
32 34 334
31S 32 \ 32 S 33
79
784 78
78
784 79
79* 79 4 794
4
6,000 714May22 85 Jan 4 57S Jan 80S Nov
80
Do pref
80
80S
19
18
18 4
18 4
2,600 12 J' no 2 194 Sep 15
Mar 18 Nov
18
9
194 Ot Joseph •feGr'd Island.
19
19
i> Do lstpref
67
57 4
2,550 404May24 62 Sep 14
57S 69
35 May 60 Nov
60
62
31
28
27
Do 2d pref
3,450 20 j'ne s 31 4 Sep 14 16 Jan 30 Nov
31
28S 29
294 814
•774 80 St. L<feS.Fr.,lst pref
•77
•77
fcO
•76
79
200 73 4May22 814 Mar
80
Mai 794 Dec
78 S 784 •77
;0L
79
•074 68
•67
68
72 4 Deo
Do 2d pref
1,000 61 May20 73 4 Mar 6 394 '''"
674 67 4
37 4 674
674
67 S 674 •67
•186 192
135
192
•185 192
175 Jan 30 194 4J'nel2 150 Jan 185 Dec
•1*5 192
192
C.<& E. I.com stock tr ctlh
185 192
'-'4
24V
25
2i
234 24
2,800 20 Muy22 27 4 Jan 20
Dec
25 4 25 4
24 4 26
25 4 St. Louis Southwestern.
25
26 S
9 4-J'ni
•01
62 4 64
2,>-25 55 4 May 1
62 4
02 4i
61
62
62
Do pref
604 6"
62 4 63 4
60 ^AprlS 254J'ur 004 Deo
67 4 68 J4 Southern Pacifio Co
oss 664
65 4 66 4
68 4
004 67 4 67
166,750 574 .May 4 72S Feb27 414 Mar 68»4 Nov
68
68 34
•1 .94 1204 119S1U\ 120
Do pref
120
120 120
119 34 120 •119 4 120
510 ll.")4Jan 6 1214 b'ebir. 113 Sep 1194 Deo
34 4 354
364 30'« Southernv.tr. cts. stmped 45,700 28 MaylO 304 Aug24 184 Feb 37 4 Deo
34 4 35 '4
354 35 4 354 35 V 35
35 34
9.")
100
4
'4
loos
1OO4100
100
Do
pref.
101
101
10141014
do
2,000
Apr 23 101 4 Sep 13 774Jau 97 4 Deo
4
10041014
100S
•100*
•1004
M.dtO. stock tr. ctts
1004
97 Apr 18 100 4 Augll 90 Feb 98 Deo
1004
100"<
•364 3u\
17,100 294 Apr 29 41
36 4 37
36 4 30 4
364 37
Maris 20 4 J'ne 88 4 Not
3«S 37 S- 364 374 Texas «fe Pacific
'440
460
•410
•334 85
34
•88
884 •88
450
344
8S4
814
•440
4
35
4
210
168
elaw. Lack. A-, Wcst'n.
35 4 Denver <fc Rio Grande
;.'>•">
1
2|ioi"p
1
u
M
•'»••)
&
I
I
90
:
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
TRW TORK
h> tna
Bid
Al>:
UauUs
Chemical
Jilueiia' Ctrl
Miy
1S24
aiuonca' .. 520
diner Exch.. 272 4
Aitor ...
776
Battery Park 150
Bower
.Butcli* A. Ur 155
C-n-ury • ... 1»0
Ub.L-e
050
7hatriam ... :<20
heliealixct 1X0
530
273
155
I4thstreet',|.
\0
1
Oil
165
Am"
Oermanlal
60
160
1
200
Fltth AveV.. 3500 3750
U.d id.i Artse.i prices; no 4.1.0.4 worn ma«lo on um
t i»uA« at atocit Exchange or at auction Una weeic
.
..
240
190
Imp
500
590
f
fcC.
Ac
'{
Trail.
....
i
.n'i...
r ty
t,.
l.
nooln
11
1
...>•-
250
...*.
). liii:i
1
•1
•
M
•
>1
•
• i
1
»
.
l'rost Co, corUdcaten.
.
.
ran'
.
JiFill
Jechanlos'
I.'Cll
1
1
v nk
-.*
450
Qreenirioh
..
r
'.
135
Herman Ex' 400
1
Kxch^o' 370
Ityl
300
500
..irnclil
tennan
1
ruterboroH.. 145
200
1
Bid
Ilanlis
AS,:
340
775
240
Commerce...
t;'ru
Bid
160
t_02 12924
Dincou
ISO
East Kiver.. 150
330
Hanks
'
Fifth
Coal & Iron. 830
Colonia. ' .. 575
Coluin
400
Oonaoli dated
165
Ask
Bid
4300 4360
.
Ask
Hankn
180
230
Mt MonisH..
2
1H5
Mutual',
300
500
1500 1700
N.iHHau',
105
325
2624
K,
..
New Ainalor
New York Co
272 4 N Y Nat Ex.
New York...
295
19 Hi Wan IV
175
rc.mlile
.'OS
reii
175
..
300
Exch. 170
170
-tropolui^. 400
rcliauts'..
......
Ask
Bid
Metropoli'n*
155
1
190
.
-
:
,
Hiu
435
|
AsK
People'sH
5
100
I'llrlllX
205
Plazal
Prod Exchi;
~>10
475
<ide1l •
1300
.nl
200
eoond
800 315
Shoe .V; Leth
850
242 H -i.it"'
North Araer.
reel
Northern
.....
12th '
270
Oriental',
280
i'
War.
j::.i
i'acilloU
2 50
in
3uiw 0,111*4. u Kx diTidea
u Aisessmeat paid.
n Sold at private sale at
.
ItllllllM
Park
L60
...
280
7oo
•
1
iu
lint price
1.
»
y «w »Lock.
StOCk
884
Record— Concluded— Page
SIOCKS—HIUHKST ANV LOWEST SALE DRIVES
Monday
Saturday
Septa
128
35
37 3
•127
•34
•36
126
•56% 68%
117%
12*8%
"96
128% isd %
88
74
i-j
88%
74
88
>~H%
•246
'
17
•40
26
24
31 e
>246
252
23
•90
35
24
••
35 % au»4
lioi v, loi^ 100%
»2*% 29 N •28
•90%
•90% 97
'226
•225 235
•6%
•6%
".Mi
77
•fi%
6
•6%
7
37
37
•26% 27
•17
19\
•39 "a 44
36
26%
07
7m
•86
78%
<
a
88% 90
97
79
90%
HI
•80% 81%
81
21%
20% 21% 21
41
41% 4J% 4 1%
17 'a 17 Si -17
17%
88
40%
17
43
25
31
40
•23
30%
90
•40
25
42
25
31
'240
253
17
60
81
23 '4
-90
23 U
"36 %
101
29
98
235
35%
252
61
Si
82%
24%
35% 36
36 %
99
•28
'4
29
225
235
225
6
6
6
35
•27
250
L8i%"
6%
99
30
98
235
6
6
31% 35
27% 26% 26%
•17
20
14%
36
Do
rwm
prel. vot. tr. cits.
city Rapid Transit.
pref
\Si" Union
•80
22
43
21% 21%
42% 42%
17% 18
17% 17% Wheeling
•41
&
43
Do Istpref
25% 25%
Do 2d pref
32
32% Wisconsin Central
60% 61%
Do prel
4J
240
17
60
Industrinl Jk
250
17%
Adams
200
5,200
3,300
300
Lou. prel
Lake
Erie...
11,-,.
19% 17
Highest
Lowest
134% ITeDlH 115 Mar 134 Oct
37% Apr 12 l7%J'ue 27 % Oct
4 3 '4 Apr 6
21% May 38 Nov
Apr 12 32 Keli 57% Nov
66
122% Apr
87 % Feb dWJiOct
Aug 4165 Nov
4
Mar 17
May 11 101% Ke021 i86%Feb 9?
21% Jan I 79% Sep 14
Feb 25
9
64% J an 16/ 90% Sep
42% Apr 69
Nov
1
96
Dec
Dec
Dec
1
80
J'ly
17% May 2
14.500
37
1.100
1,800
1,500
10,114
13
36
20
20
45
H2
7
J'ne23
23% Feb
15
3
Ma>23 48 Feb 23
Muy 1 19% Marl3
Muy 4 48 Feb 1
May 4 28% Marl 3
Apr 29 33% Aug21
Jan 13 62% Aug22
May 25 Nov
48% Nov
22% Nov
32% Feb
14%J'ly
37 J'ly
52% Jan
32 Nov
25 Nov
49% Nov
21% J'ne
16
27
J'ne
J'ne
n
4250 Feb 7 4220 Feb 250
{236 Jan
Express
5,200
llis-Chalmers
Do pref
60%
81% 82% Amal gamated Copper
25
25% Amer Af;ricull Chemical.
•90
•90
Do pref
35% 36% American Car & Foundry
35% "3i»"
99
•98% 9J%
99
Do pref
•28
29 American Cotton Oil
28% 28
•90
• 92
98
98
Do pref
225 235 American Express
'226 235
6% 6% American Grass Twine ..
6% 6S7
6% •6
Amer Hide & Leather
6
33% 34
33
De pref
32
26% 26% American Ice Securities.
26% 27
•17
19% •17
19% American Linseed
•39% 42
•39% 41
Do pref
51% American Locomotive...
49% 50% 50
113 113% 113%113%
Do pref
'4
•3% 4%
4% American Malting
• 22% 23%
23
23%
Do pref
_.
98" Amer Smelters Sec pref B
98
97% 97%
4,ri00
13 May
46% Muy
19% Aug 1
Feb 17
68
Jan 2. 89% Apr 14
Jan 24 29%Aprl5
95 Augl9
89% Feb
10",9*60
31 May 22 43% Apr] 4
600 x91%Jan25 104% Apr 6
192,695
2,600
70
20
27% J'ly 19 38 Apr 3
89%J'lyl' 97 Feb 1
^209 % Jan
246 Feb 2
600
14 Jan
4% Angl
900
"lie
6 J
ll%Janl4
9,215 31% Sep 13 56% Marl
.
24% J'ly 1" 29% Aug I
15%Janl 22% Apr 17
•89
100 36 Jan 19 48% Apr 17
•40
42
43
40
40
20,900
33
Jan 25 61% Apr 13
48%
50%
49%
48%
60%
4H% 49% 47%
1,210 103% Jan
122% Apr 16
112% 112 Si 113 113% 112% 113
112', 113
300
4 Sep
•3%
4
4
4
8% Jan 14
4
4%
4
4
300
•22% 23%
20 J'ne
28% Mar 7
23
23% 23% 23% 23% 23
*97%
1,700
>4
•97%
98*»
Sep
•97%
98
97%
99%
Aug24
98%
-97%....
131%Ang24
125% 127% 126 127% Amer. Smelt'g»fc Refln'g. 169,900 79% Jan
126% 127% 126 128
124% 127
,126% 127
123 123%
9,850 111% Jan 13 128 Aug23
Do pref
122% 122% 121% 122 Si 121% 122 Si 122 122% 12l%123
163 May31 200 Aug29
190 200 *190 200 '190 200 190 200 190 200 •190 200 American Snufi
103%
'104
105
99 Jan 7 106% Augl6
•104
....
....
1015
Do
pref
•104 ....
300
9
*8% 9
•8% 9
9 American Steel Fonndr's
8% 8%
6% J'ly 27 18% Mar20
8% 8?,
•8% 8
687 36%J'nel4 67% Apr 4
38
39
39
38 39
38
38
$39
38
Do pref
•38% 39ian 39
9,710 130 May22 149% Mar 2
137 137% 138 139
139% 139% 138% 139% 139 139% American Sugar Refining
137%139
300 133 MnylO 141 Ausll
'138 139
•138 139
138% 138 Si 139 189 139 140
Do pref
•138 139
136%May24 148%Jan 6
138 141 138 141
139 142 •139 142 •138 142 Amer. Teleph. & Teleg.
•138 141
2,995 91% J an 25 104 Augl5
101% 101% 101% 101% *99% 100% Amer. Tobac. (new), pref.
b«98%101
99% 100% 100% 101
1
10,900
34
34
34% 36% 36
20% Jan 26 40%Apil8
36% 36% 35% 35% American Woolen
34% 34% 33
720 93 Jan 6 l08%Marl5
103% 103% 4104% 104% 103% 104 •102% 104
102% 103
Do pref
•102 1al03
5,135 100%May22 130 Apr 18
114% 115% Anaconda Copper
112 112
112 113
109% 109% 108% 108 Si 112% 113
180 190 Orooklyn Union Gas
180 190 176 190
184%May22 *215 Feb 14
190 •180 190
•180 190
175
10% Jan 13 16% Apr 18
*14% 16% •14% 16% '14% 15% •14% 16% •14% 15% •14% 15% I Jruns w. Dock & C.Imp't
•66
•56
•66
69
•55
•65
56 J'lyls 60% Jan 18
69
58
58
69
*55
Buttenck
69
Co
41%
40% 41% 41% 41% 41
3,287 40 Sep 11 47 J'lyli
41% 41% 41% / leniral Leather
40
»*i% 42
2,475 zl03 Sep 15 105% Augl5
104% 104% 104% 104% 104% 104% 104% 104% 104% 104% xl03 103 \J Do pref
42
42
43 %
42% 43% 42% 43% 42% 43% Colorado Fuel & Iron.... 19,900 38 May22 59 Mar24
41% 42% 41
*85 100
85
•86 100
85 100
100
80 Augl7 105 Mar24
Do pref
k
"Too 113. May24 18% Jan 30
15% •14% 15%
14% 14 Si 14% 14% 15
CoL
Hock. Coal & Iron.
«l6
16
181 184
2,400 181 Sep 12 214 Mar 3
183 183
183% 183% Consolidated Gas (N. T.).
•183 184
182 182
183 184
676
10
10
10%
10% 10
10 Corn Products
9% 10% •10
[•10
10% •10
8% J'ne 8 22% Feb 7
•46
•47
350 40 Aug 9 79 Jan 10
•46
49
49
«46
47%
49
47%
47%
47%
49
Do pref...
•41%
1,200
42%
42%
42
Jan 25 47% Apr 6
42%
42%
42
**l%
42
41%
42%
Distillers
r34%
41%
Securit's
Corp.
%
E
*85
86
250 76 May23 89%Feb27
88
86
•85
*36
87% 85% 85% 85
87% uJectrtc Storage Battery.
87
100
500
116
110 110 Federal Mining <& Smelt'g
•100 110
100 110
110 110%
60 Jan 11 128 Apr 7
•90
250 75 Jan 5 107%Apr 7
•90
•90
93
95
92
92% 92%
93
82
Do pref
180 180
400 169 May20 192 Marl6
•179 180
180 180
182 182
181 183 •18l%183 General Electric
20 <«
20% 20% 20% 20% 20
2,599 18%J'nel6 25% Marl 1
20
20
20
20% 20% 20% International Paper
"
80
80
80% 80
2,989 76% Feb 6 82% Apr 6
80
80
79 "a 80
80% 80% sr-78% 78%
Do pref
•65
65
•66
100 60 J'ne 3 100 Feb23
67
65
•64
•65
*64
66
66
66 International Power
67
303, 30*4
30% 30% 30% 31
30% 31
31% Knickerbocker Ice( Chic) 1,300 10 Jan 16 34% J'ly 20
30% 30% 30
63 74
200 60 Jan 9 76 Apr 6
Do pref
66
56
1,047 52 Augl6 66% Apr 3
•54% 64% 54% 65
•55% 66% 567
57
566% 65% National Biscuit
112% 112% 112% 112% 113 114 5U3%113%
505 110 Augl9 120% Marl 5
•112 113% 112 112
Do pref
•13
300 11 Aug 1
14% •13% 14% •13
14% •13
13S) •13
31% Apr 6
14% Nat Enameling&Stamp' g
14% 13
•84% 88
•85
»86
89
-85
•85
88
87% 85
88
80
80 Augl2 94 Apr 19
Do pref
46
46
'46
4,"ioo 24% Jan 24 51% Apr 7
•45% 46%
47
46% 46
45% 46
45% 46% National Lead
'4
101% 104 5103% 103% 101% 104 •101% 104
•100 104
50 97% Jan 7 lll%Feb20
101% 104
Do pref
•145% 152% 145 162% 145 153 •145% 163
200 140 May22 16l%Aprl5
152% 162% 150 153 New York Air Brake
98% •97% 98% •97% 99 North American Co., new 1,300 96% Sep 6 107 Aprl7
67
97% 97%: 97 Sa 97% 98% •97
3,500 33 May22 49% Jan 4
46% 44% 45% 44% 45% 44% 46% Pacific Mail
44
43% 44% 45
46
3,600 97% May 15 115%Apr 3
102% 103% 101% 102% 103 103% 102% 103% 108% 103% 103% 103%
eop. Gas-L.<fc C. (Chic.)
•13% 16
«13% 14
100 12% J'ly 19 21 May 15
•13% 14
•13% 11 Pittsburgh Coal Co
13% 13% •13% 14
63
•54
•54
65
55
500 45% J'ly 26 80% May 15
55
54
64% 64% 54% •54
65
Do pre!
43
42%
% 43 % 43% 44
44
3,800 33 % Jan 31 47% Augl8
42% 43% 42
44
43% 44% Pressed Steel Car
250 87% Mar 6 99% Apr 14
•95% 06% 95% 95% 95% 96% •95% 96% •95% 96% •95% 96%
Do pref
•246 250
247% 247% 248 248 -246 250 •246 250 Pullman Company
300 230 May31 258 Aug 14
246 260
35% 36
35
36
2,900 30 May22 40%Aprl7
35
35
36% 36% 36% 36 >4 36% 36% L) ail way Steel Spring.
98% 99% -99 99% •98%
• 98% 99%
250 93 Jan 25 103% Apr 15
99% 98% 99% £VDo pref.
98% 89
34,000
20% 20 % 20% 20Si 20% 21
21% 22
20% 21% 21
15 Jan 23 24% Apr 3
22% Republic Iron & Steel...
89
90
88%
19,60o 67 Jan 10 93 Sep 14
88% 88
88
89% 90% 90% 93
92% 93
Do pref
•34
34% 34% 34% 34% 34% 84
800 24 Marl4 38 MaylS
34% •33% 34Si 34
34 Rubber Goods Mfg
•101 104
101 104 *101 104
101 104
102 104
94 Jan 25 109% Apr 1
Do pref
93
95%
95%
20,050
94
92% 83% 92
83%
93
60 Jan 26 "18% Feb 24
92%
93
93% loss-Sheffield St, & Iron
•106 126
105 126
105 125
105 125
100 Jan 13 31) Feb 23
105 126 •106 115 S Do pref
•1
*1
1
1% *1
200
1% •1
1% *l
1%
1
1% Standard Rope & Twine..
% Jan 28 3 Jan 3
83% 86% 82% 84% 84% 86% 85% 86% 85% 86% 85% 80 Tenn. Coal, Iron & RR... 27,380 68 Jan 26 106% Apr 4
•45% 46 % 45% 46% 45% 46% 46% 47
3,000
48
Jan 31 4o%Sepl4
48
37%
47
48% Texas Pacific Land Trust
10 U 10 11 10 11
600
11
/10
8% J'ne 6 15% Apr 3
10% 10% 10% 10% Union Bag & Paper.
;•
7
79% 79%
430 68 Tan 10 82 Apr 4
78% 78% 79
•78
80
79% 80
Do pref.
*3*0% "30% •30% 30%
29% 30% 30% 30% 30% 31
29% 80% U. S. Cast I. Pipe & Foun. 3,800 19% Jan 3 35% Apr 14
•90
91
•90% 91
91
81
91
2,600
91% 91
81% 91
79% Jan 3 97% Apr 17
pref
91%
Do
•r22 126
35 120 Jan 9 134 Feb 8
121% 121% i 122 % 122% 122 125
122 126 •123 125
United States Express...
'•87
-87% 90
•87
90
400 77 Jan 4 98%MarlO
82
90
90
•87
91
91
U S Realty & Improve'nt
400 18 Feb 28 40% Apr 18
31% 11* •30% 31% -30% 31% 31
31% 80% 80% 30% 30% U S Reduction & Refin'g
700 35 Jan 13 73%Augl7
72
i»71% ft72% 71Si 71% 71
71% 71% 71% 71% 71
pref
71%
Do
49"* 49*4
48% 49% 49% 49% 49% 50
47% 49
49% 64% United States Rubber... 15,310 33% Jan 3 56 Augl5
108% 108% 108 10S '-107% 107% 103 108% 106 109
2,560 98% Jan 6 118% Apr 7
109 "111%
Do pref
86% 35% 34% 35% 35% 37
336,260 24% May 22 38% Apr 7
36% 37% 86% 37
36% 37% United States Steel
,102% 103
153,635
101% 103% 103 104% 103% 104% 103% 104% 103% 104%
90%May22 06% Aug24
Do pref
E
29% 30',
28% 29% 30
30%
4,045 28% Sep 1
39 Jan 8
30% 31
31% 31% 31% Virginia-Carolina Chem.
31
•106 % 107
106% 105 Si 105% 106 5107% 107% 107 108% 107% 108%
1,380 103% May 1 10
Feb20
Do pref
»38
37%
40
41
40
40
40
600 36 J'ne 6 62% Feb 24
40
42 Virginia Iron Coal & C.
40% 40% 41
•230 260
230 250 •230 260 •230 260
230 260 230 250. Wells, Fargo & Co
235 Jan 3 260 Feb21
"*700 92 Jan 17 95%J'nel9
f *84% 94%
94% 94 Si 94% 94% 94% 94% 94% 94% 94% 94%
est'n Union Tele'gph
•166 171% 166 171% • 166 171% 166 171% 166 171% •166 171% West' gh' se E & M fg assen
152 May20 184 Apr 6
180 195
«195% 195 S 180 195
90 Feb 23 97 April
180 195
180 195 •180 195
Do lstt)ref
•17
lor Freviout
Year(iy(J4)
Highest
Lowest
2 1,9(10
7,400
.
Range
{153% May 17 16(1 J'ne26 138
174,206 118 Jan 6 L38% Aug i 4
71
Pacific
81% United live of St
23-4
bttsa
44% YV?
» Do
pref.
Year 19U5
tor
400 124 Apr 2;<
700 22% Jan 13
34%May2-'
1 ,500
2,160 51% Jan 25
2.400 105 Jan 6
•95% 97%
Do pref..79
79% UnltRyslnv'tof SanFrau
89% 89%
Do pref
97
250
118
Range
m basis o/JOU-share lots
Week
Shares
Do
89 % 90
81% 81 %
'240
17
the
EXCHANGE
68% 69%
117
78% 79%
25% 26%
31% 31%
69% 89%
Sales o/
128 'Phirrt Avenue (N. Y.)...
•34% 35
1 oledo Railways^ Light
39 % 39 '4 Tol. St. L. & W.v. tr. otfi
130% 133
•95
I
STOCK
126
28
42
•90
90%
6%
7
36%
fYidan
Sept !>
17%
60%
60 % •00
60
81% 82% 81% 82%
24% 21% 24% 24%
'90% 98
5%
6%
1
26%
16% 17%
18%
98% 100
'28
240
127
42
30% 32
59% 60%
69 Si 68%
16% 16%
57% 69
79% 81%
16% 16%
57% 57%
81%
80
*....-•
98%
77%
30%
58% 60%
i
oo%
Sept 14
131% 183%
:/()"'
20% 20%
41)
43
• 22
37 Si
•60% 68
110% 118
f,H
Thursday
Sept IS
127% 127%
34% 34% 3i% 34%
•36
37% 37% 39%
57% 67% 67% 69%
116% 118% 117 117
Si
34% 34%
J J.,'-.
i
128
Wednesday
'
'3(5
38
81
81
20% 20%
41% 41 >4
•16% 17%
•40
24
31
60
127
138
84% 34%
•36
58
115
.
•116
•96
73
Tuesday
Sept 12
Sept 11
STOCKS
NEW YORK
Vol. lxixl
2
Oct
Mar 21% Nov
71 Nov
43% Feb 82% Dec
13
Mar 24% Doc
72% Jan »7 Dec
14% J'ly 35% Deo
67 Jan 94% Dec
24% J'ne 37 % Deo
88% J'ne 97 Not
180 J'ne 219 Not
6 Aug 14 D«0
2% Jan ll%Deo
ll%Jan 48% Deo
6
39 % Mar
391
7 J'ne 20% Not
22% J'ne 42 % Not
16% Jan 36% Not
75% Jan 105 Not
2% J'ne 9 D«*
,
.
.
•
16
Dee
29
J'ne
Feb 82% Dee
88% Jan 115 Oct
110 Jan 170 Not
85 Jan 99% Not
3% J'ne 15% Dm
26 J'ly 57% Dee
122% Mar 153 Not
123 Jan 141 Not
Feb 149% Not
121
46
85% Not
10
69
61
185
6
DM
96
Jan 26 Not
Jan 94% Dm
Feb 120% Not
Mar 229% Oct
12% DM
47% Feb 62% DM
!
J'ly
;
.
<fe
:,
'
25% Mar 58% Not
Apr 95 Dm
J'ne 19% Dee
Feb 220 Oct
9% May 26% Not
65 Mar 82% Not
19% J'ne 40% Deo
82 Nov 83% Not
43% Nov 68 DM
71 Nov 90 Not
clii
J'ne 194% Not
10% May 25% Dee
64% Feb 79% Dm
26 Mai 72% Dm
8 Sep 12% Oct
48% Jan 66 Oct
36 Jan 69% Not
100% Jan 117 Not
14 Sep 23% Not
63
8
185
J'ly 487
76
i
14% Feb
80% Jan
120 Feb
80 Mar
24 Feb
92% Mai
Dm
Dm
26 % Oct
98%
164
1
07
55
Not
Not
Not
112%Dm
'
.
24 % May 44% Oct
67 May 92 Dee
209 Mar 144 Not
16 Ma> 35 Not
71% Mar 94
DM
May 18% Not
May 73 % Not
14% Apr 29% Dm
74% Jan 98 Dee
31% Jan 65% Not
6
37
S,
77
•
31% May
25 May
3% Ang
'<
45
it
;
r
f
I
1
40
100
43
Mar
Feb
J'ly
Dm
6 Not
77% Not
39 % Not
13% Not
75 % Not
20% Deo
81% Dec
4128 Not
84 % Not
36% Nov 40 % DM
10% Feb 34% DM
41 Jan 100 DM
8% May 33% DM
61% May 95% DM
22% J'ne 44% DM
97% Apr 116 Not
18% Sep 44 Nor
{200 J'ne ioi) Al{
85 May 94 % Deo
153 May 185 DM
180 Aug 198% Not
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
I
Banks
Bid
Union Exch^l 225
United
86
>-
TJSExcha'e,] 125
WasluH'htsll 210
jWest Sidel].. 576
jTorkvillell .. 400
|;
Feb
6% May
.
i
Jan 105
% Mar
fc
Ask
90
150
225
BROOKLYN
iBoroughl).... 130
Broadwaylj.. 315
Brooklyn*!] .. 130
First
*
1
386
Bonks
Bid
Ask
Trust Coa.
Bid
Ask
BROOKLYN
136
Home Bankll
125
Manufaotrs'. 365
260
Nassau
416
Nat City
305
North Side! 320
People'sH
290
ProspectPkll 140
Mechanics',,
310
340
Bid
Ask
Guaranty Tr 635 660
Guardian Tr 220 230
Knick 'rb'k'r 1050
Bowl'gGreen 212 216
BroadwayTr. 160
Central Tr'st 2200 2260
Colonial
390
Manhattan
Commonw'th
150
166
C'o's
Ave Tr 575
CITY
Bankers' Tr. 610
K. Y.
.
RidgewoodTJ. 140
17th Wardll. 155
195
UnionH
Wallaboutll . 160
Trust
Fifth
95
240
Equitable Tr
5i5
Farm Lo & Tr 1440 L465
Law T I <6>Tr t343
Lincoln Tr... 570
..
475
Mercantile..
Metropolitan 615
MortonTrust 940
Mut.Aiuance 210
500
960
Bid
Ask
1000
730
323
390
660
1040
735
New York Tr
Real Est Tr't
StandardTr't
TitleGu <fc Tr
USMtg&Tr
Unit States
225
'J
410
Trust Co%i
Bid
Washington
Windsor
515
1375
295 305
425 450
245 255
Ask
BROOKLYN
Brooklyn Tr 420
Flat bush .... 200
672% Franklin
Hamilton
Tr Co of Am 767% 775
Union Trust 1450 1500 Home
Van N'denTr
i'70
Bid and askeu prices; no sales on this day. 4 Less thau loo snares. 1 Ex rights, b New stook.
Sale at Stock Exchange or at auction this week.
Ex stock dividend, s Trust Co. certificates.
Trust Co's
N Y Llfe&Tr
335
340
165
180
Jenkins
450
Kings Co
L Isl L&Tr. 300
260
Nassau
People's..... 335
Williamsb'g. 230
Ex dividend and rights.
Banks marked with a paragraph
(H)
are State
48»
,
375
1
315
270
345
240
banoj
—
'
New York
Exchange— Bond
Stock
<»(l'l
BOM Dai
STOCK EXCII A
WKKK KMMNii Shll'T
X. Y.
Price
*
*
>
15
V
V
V
U
U
(JoVelllllU'll
s 8a consul rejriBtered rfl930
s 2a eon sol ooupon... <U930
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Last Salt
Ask
1
1
2d scries
£
loai
8a Bterl'g.1911
(..>vt
l-'ll
lis
ens
IHta
2d series
tail
pd.1926
>s8 i'tis tail
-i
paid.
AO
A-O
A
F
J.J
5s exteu debi.. II. S
Mexico s t g os ol 1899 v-J
Bepubol tuba
U s
ol
Gold is
ol
1964 J-D
1004
»7
101
Sale 100 S4
10t'-'.i Sale
l00-<8
90 "a
90^, Sale
90 Sale
S'O
LUC
105 S; 10514
100»8
94 h Sak.
>\e»e
U).i'.j
Alabama
A
4 lo S
are pr
Bos
Class
Class
C 4s
99
1908
190o
1800
1920
1924
99
Currency funding 4s
Dist ol Columbia 3 65s
Louisiana new consul 4s.. It'll
KorUi Carolina oousol 4s. It* Hi
1919
6s
1933 j.J
Bo Carolina 4 Sis 20-40
Xenn Dew settlement 3s. .1913
-
AO
Bin all
m"
127
•95
96 34
Virginia <nnd debt 2-3H...1991
6a delerred Brown Bros ctfs.
Itnili
Autbama
labs
il
Cent
106
ll'57p
132-4 I33«a
110
109
270
100 \
17
9IV4
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94
Sj
Ky
nh See At Coast Line
1995
Registered
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AO
J
D
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AU995 Nov
Stamped
M995 M-U
Debentures 4s Series K. 190" F-A
Banes F
1908 FA
190; F-A
Series G
1910 F-A
Series H
Series 1
1911 F-A
1913 F-A
series K
Adjustment g 4s
/il996
East Okla Div 1st g 4s. .1928 M S
Atl Knox <& Nor 1st g 5s.. 1940
Atlantic Coast 1st g4s./ll952
Charles A- Say 1st g 7s. .1930
Bar J>' <fe
1st gold 6s. .1934
1934
1st gold 5s
Ala Mid 1st gu gold 5s 192.- Vl-N
Brunstt
1st gu g4s 193t J-J
W
W
SUSpOca<fcli gug4s 191b
Atlantic <& Dauv See South Uy
Austin <fc 2s W ate Sou facitir
Ball 4 Ohio prior
1
g 3 Sis.1925
J -J
JJ
/il925 y-J
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Gold 4s
Registered
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y-J
PLE&WVa
Sys ref 481941
Div
il-N
Conv deb 4s
1911 MS
P J u:i -M Div lat g 3 1081925 UN
<fc
Soutliw
1st g 3 S»s... 1925
Registered
M.926
Monon Kit 1st gu g 5s. .1919
CeuOhlo K 1st cg4Si8..193ii
Pitta CleT <fc Tol 1st g 6s 1922
Put* &. West 1st g 4s. ..1917
Sat Creek & s See Mich Cent
Beech Creek see
&
Car
J-J
n
86
n
IOISj
Jan '05
the b
01
#-5
101
Si
Dec '04
Dec '04
J'ly'01
Mar'OC
Aug'05
95
96 34
10
.i
30
108 Sj J'ly '05
109 A pi '05
IO6S2.
.
A-O
121
Sj.
J-J
liySi
Mai '04
100
J'nt'05
1879-1929
Registered
Sinking tund 5s. ..1879-1929
Registered
1879-1929
Debenture os
1909
Registered
1909
Debenture 5a
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
DeaMo&Minn 1st 7s.. 1907
108S»]08Sj
109 109
97 34 100
See Illinois Cent
1
Mah lslgu
FA
121V
Bur Cedar R
<fc
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1st 5s. 1906
g 5s. .1934
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J-D
A-O
1934 r ')
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114SIL 1st 2-u g 7s.. ..1927 J-D
190b J-J
tvutada South 1st 5s
'2d 5s
1913 M-S
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1913 M-S
Registered
CRIF*N
& Shawn See ill Cent
Carolina Cent See Seab Air L
Carthage & Ad See N V C & H
Ced Klali U See BOB&N
Oan Branch
Pl8tg4s.„194S J-D
Oen Branch Ky see Mo Pac
Oen RR & B ol Ga col g 5s 1937 M-N
Oanl of Ga KK 1st g 5s..pl945 F-A
12014
118
120VMat"03
101*4 Salt
Sj
112
lllSi
Sj
Sep
104 34
MUD8& West 1st
94
Sj
Sj
lib 1*, 121 Sj
120 34 12034
1]
li
102 104 '4
105SilO9
106 s4 106
109
1
Jan
'05
94
94
103 34 Ang'05
110
112
119 J
119^4
116
119
113
lld>4
94
19^4 Sale
.
Sale
114»4
L945 M-N
uct
pl94 uct
j>191 Uct
99
Sale
107 J ne'04
99
98\,
77
86
79
86
79
121
refunding g4s....3i)34
Senes C 4s .. 1905
H48
1910
Mis
1915
N 48
1916
O 48
1917
P4a
1918
Chic R I & Pac RR 4a. .2002
Registered
2002
Coll trustgold 5s
1913
Choc Ok & G gen g 6s .01919
Consol gold 5s
1962
Keok<fc DesMlat68....1923
lst.fi;
S6
90
67
99
87
79
52V,
80
S.
Si
109
J-J
J-J
92H, Sale
100'4
I
10H-S,
1011
J-J
J-J
93*4
Sale
103*4
May'05
Peb'05
109
J'ne'OS
93
91
Aug'05
89
103
A-O
69
'4
96
00b
1
I
1
15--J
96
93
Sop '05
Aug'06
II 0»a
1
16
1
1
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10*4
6*«
36*4
13438 1^4^
133 7s Aug'05
113 Aug'05
13
104HlMui"05
102 Aug'05
103
106 Muy'06
lllHi HIS;
119*4
106 108*8
10H 34 111*8
117*4 122
116VMay'05
116*4 116*4
06*4 110*4
106 34 107*«
1
i
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i
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116
112
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101*4 102*8
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118 34
119
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108 >4 107«8
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107*4
107SjJ'ne'o6
i~i'fv""i 113 Mar '06
101 102>« 101 Hi Ang'05
113 Hi Feb "06
95 Si Sep '04
63 Si
84
82',
82 Si
Ill
97Si
84»b sale
83 >* Sale
81
80
96
100 78
110
107V...
1UV...
I38i*....
no
98=8 Sale
H4Si
II0H1
109*8 111*4
109* 4 111*4
98
116->4 Apr'05
119=8 May'05
HlSjJ'ue'05
116 Sj Aug'05
99
97
116 34 116*4
119 Si 120
110 HIS
Mat '05
12958
J'ly '99
137
113 l4ll4
105
1
110*8 113*.
Si
15 38 May'05
Aug'04
Apr'05
\lb\ May*05
106°b Apr'05
....
116*2 11«»4
112*8112*8
116*8ll«*e
126*4 1291*
105*4
105H
99*2
101%
102VM»y'04
100 34
100*4
111 Hi
IIOHj
106 106
IOIHi
10034
103
118
Nov'98
J'ne'05
1 17 *a 118
117
Peb'05
117 117
IIOHj 113
111 111
104 106 Si
110*2 Apr'05
111 J'ly '06
104 '» J'ly '05
104
Mai'04
111*2113*4
113*4 11414 113*4 J'ly '05
HOSj
108 34
118
117
119 Sep '05
115H»Apr'05
Sj
,
Jan
'04
117
104 Hi Nov'04
105HiMay'04
105 May'05
104*8 107
HOSj 110*4
127 78 130
127V1'ue'05
119*4 Nov'04
142vJ Feb'02
,
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,
1
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105 34 Salt
,
gale
131*2 Jan '05
103 Apr '04
109 Sep '03
12134 Aug'05
123 May'05
105*a 105 34
107 Jan '03
98*4
W8»,
101 Si Sep *04
97
96»4
96 Si
96S»
83 \ Sale
93 Hi 94
108 Hi
M-N H2 34
A-O 110
131*a 131*a
120*4 126
123 123
20 104*4 107 H
70
97 J'ly '04
95 J'ly '06
93 May'OI
96 H, Aug'05
90 May'04
83*8
84 280
98=,
76^ Sep
93*4
11H«8
U6*sll5*a
110*4 Mar*05
129
129 *
104 Si
106 Hi
"9*83.;
112*.
108*8110
116*eJan'05
127 128 >a 127 Aug'05
104 3e 106 10534 J'ly '05
108 58
128 34
H7Si
183 VI 86
115 116S
106*8 106*8
108*2 111*8
109 J'ly '05
108Hj J'ly '05
116H2J'ne"05
112*8 Apr'05
107*8
114'4
109 34
1161a
114*4
112
114 34ll7
106
186
113*4
137
lllVjJ'ne'06
lll'Sj,
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109H;J'ne'04
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110 34.
.. 112
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109 J*
134
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98
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M-N
M-N
M-N
M-N
MN
M-S
11936
119*8
135 Sep '05
112 J'ly '05
109 34 Sep '05
llO^m
U8Hil22
119SjU9Hi
137
109i«
100
106 108*«
111 34 1U*»
104 "s 107*4
133 Hi 138*»
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119S,,
104
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100
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135
M- S
J-J
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106*4 108*4
106>4 IO6S4
'06
02 «8 Aug'05
107 J'ly '05
106 14 J'no'05
100 Apr'05
1
138 Hi J'ly '05
122ia 121 4, 121 H.
121
F-A
M-N
Jan
l
Aug'05
1 14
1053b Aug'05
105V106
M-S
J-J
F-A
110'4
1
"d-S
M-S
101 103
95 S, 98
96*8 J6*»
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105 34 Aug'04
A-O
A-O 1()2 34
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M-N
M-S
99
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
83*2 *6*4
79 34 83 H»
80*4 80*«
May'05
100*4 Aug'06
96 34 96 Sep '05
lOlS,
J -J
J-J
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113
lOllg 104
98*»
97
113*4 113*4
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98
06
1
113
96
99*a
96
96
*9*6"ii"96"i
79
8ft
'04
94
237
103 Aug'05
115 Apr'05
110*a llOSi
90*2
110
97»a
116*4
115
116
109
110*t
I'nxe
Sep
'05
» 108*8
106
106
108*2 113*4
93 S
92
91 Sj 06
91
14
87
98 103*4
108
:i
1
J'ne'00
Ry—<t'o»i;Rer g 482002
lax Aval' F lstgu g 5s 1993
Third Ave RR con gu 4s 2000
Third Ave Ry 1st g5s.. 1937
.Mel
El (Chic) 1st g 4s. 1938
Mil KI Ry<fc L 30-yrg 68.1920
Minn st Ky 1st con g 6s. .1919
it Jo HyUll&P 1st g 68.1937
SI 1'aui City Cab con g 5s. 1937
Underground Elec Rysof Lon
Mel St
WS
sharing 6s. ..1908
Union hi (Clue) 1st g 5s. .1945
nited Kits San KTsf 4s. 1927
nited Rys St L lat g 48.1 93
W Clue St 40-yr cons g 6s. 193b
c:on I'roUt
94*2.
iVr'iVs"
94*8
95
93 U
93Si
109 ilar'9114
115
117*4 1 18
II8S1 125
116*4 J'ly 'C'
120 J'ly '05
03',
,
prict
91*4
ioisv""! 100
93
92
89
'05
108*4 11- "1
-::« 93*a
02*4 541
111H Sep
F-A
J-J
Met Ky Co 1st gu g 6s. .1911 J-J
Det United 1st con g 4S»s.l93 J-J
Havana Elec consol g 6s. 195. F-A
Louis Ry Co 1st con g 6a. .1930 J -J
Mel st Ky gen col tr g 5s. 1997 F A
BwayA 7th At 1st egos 194/J. J
C01 <k uth A v lal gu s 6a.iu93 >l-S
'No
112
M-N
F-A
No Low HigK
>trcel ICaiUvuy
AO
KA
1
January X
....
Impsfundg6sl929 F-A H8Si
Ashland Div lat g6a„1925
Mich Divlatg6a
1924
Convertible deb 6s
1907
Incomes
1911
Chic Rock Isl<fc Pac 6s.. .1917
Registered
1917
General gold 4s
1988
Registered
1988
JIIHCEL.LAMEOUH BOMIv-Continued on Next
Street KuilMii)
Arooklyn Rap Tr g 5s
1945
lat refund conv g 4s
2002
BkClly Iblcon 5s. 1916, 1941
Bkgce<& scon gu g 5s. 1941
Bklyn U11 Ei 1st g 4-58.1950
Kings Co El lat g 4a.. ..1949
blamped guar 4s
1949
Nassau JUec gu g 4s
1951
Oonn Ry* Llst<fc ref g4S»8'51
Den Con Tr Co 1st g 58...193H
Den Tram Co con g 6s..l91o
A-O
M-N
m-n
m-s
M-s
g 6s 1921 M-N
Coll trust
115
;>194
100
13 10034 102
98
'04
102 a4
102^
106V, 109 Aug'05
106 Apr'05
102^ 103
N
i
124 126 S;
124 34 126li
Ext<fc
100 Aug'05
101 34
10l 34
12U 3* 12U 34
100
L'
VJ-i'i
Milw & Madison 1st 6s. .1905
North Illinois 1st 5s.. ..1910
Ott C P & St Paul 1st 5s 1909
Winona & St Pet 2d 7s.. 1907
119V123>4
103 Apr'97
124 Aug'Ofc
126 S2 Aug'05
.
Carb
Consol gold 5s
Registered
lstprel income g 5s
2d prel income g 5s
3d pre! income if 5s
J'ly '06
123
V
100
118
123 Si.
JO 128V
Con lsi
1st oonaol g 5s
1989
1939
Registered
1992
General gold 4Sis
1992
Registered
Craig Valley 1st g 6s. ...1940
R A A Div Istcong48..1989
to £.
2d consol jr4s
1989
Warm Spr Val lsi g 68.. 1941
'40
101 Si
4s
Greenbrier Ry 1st gag
Clnctk Alt RK rol g 3s... 1949
Railway 1st lien 3 Sis... 1950
Registered
1 950
Chicago Burlington & Qniu—
1922
Denver Div 4s
1949
Illinois Div3Sja
1949
Registered
1949
Gold 48
97
Iowa Div sink fund 5s.. 1919
1919
Sinkingtund43
07 S7
Nebraska Extension 48.1927
lS^g
1927
Registered
1921
Southwestern Div 4s
Joint bonds See Great North
N VC& H
Jt
a 1911
tis
B3Vj
icet
11 tnii
6 nee
<'.
98*4 J*l}"05
l-rli'ul
104
U'JSi
lll«8
134 '4 136>8
138*4 ....
118 V...
104
....
101 34 ....
101
....
104
Hanqe
.•v'.i
I'acitlcCo
,
loO
g 5s. ...1943 J.J
Bochift Pitta lsi g 6s. ..1921
Consol 1st g 6s
1922
Bnllalo A Southwest &ee Erie
Bun <k susq 1st rel g 4s.rfl951 J-J
Cl<fc
A
A
Gold
SaaBo
M1V .Sir All Coast Line
Ohio g 6s ser A..A1908 A-O
1
96
95 Si Dec '04
9U 3 J'ne'05
1
15 Sj
*
112 Sj
1913 M-N
Debenture 5s
Han<fc StJosoonsol6s..l911 M-s
Chio.fi; E 111 lata f cur 68.1907 J-D
1934 A-O
lat consol g 6s
1937 -M-N
General consol 1st 5s
99 100
99
99^ 31 96Sil0l
1937 M-N
Registered
7
7
6.
104 8 bale 104 8 105 S,
l0134l05Si
Chic & Ind C Ry 1st 53.1936 J-J
99
104 l4 Sep'05
100S»104>4 Chicago <S> Erie Set Erie
lid Sale 105
106 51." 100 105»4 Chic In & Louisv ref 6a... 1947 J-J
99 100
99 Sep '05 "2 94»8 99 S,
1947 J-J
Refunding gold 5 a
•95
95
95
LouiavN A &Ch lat 6s. 1910 J-J
93 S2 97 "b
6b 94
97
"9ti»iSale
96 hi
98
P
Milwaukee
&
St
Chicago
99°8 May'05
99'8 99 tb
98
1914 J-J
Terminal gold 5s
98
99 Si Nov'04
General g 4a series A..el989 J -J
3
99«8*99'
99=8J'ne'05
«1989 y-J
Registered
8
99 "a Jan '05
General g 3 Vja series B.el989 J-J
99Si 99Sj
98 Sj Nov'04
Chlc<fc LSuDivg68....1921 J-J
97 Oct '04
Chic<S>MoRivDiv68...19'26 J-J
100
101Wly'05
1910 J-J
Chio & Pac Div 68
98>4l01Si
114 VSep'05
114 *s 118
1921 J-J
113 1aU4'8
Cb.ic.fc P \Vlstg5s
101 Si Sale IOI^b IOISi 18 v 100 34 10334
1916 J -J
Dak & Gt So g 5a
143
1924 J-J
Far & Sou asau g 6s
131 Si
125SSNOV03
1910 J-J
Hast & D Div 1st 7s
117^
112«8Jan'04
1910 J-J
lsi 5s
7
116 8
114VOct '04
1908 J-J
I & D Exten lst7s
99 1«
'04
93 J'ly
LaCrosse & D 1st 6s
1919 J-J
97 3« Oct '04
98^
1910 J-J
Mineral PointDiv5a
1910 J-J
So Minn Div 1st 6s
1909 J-J
Southwest Div 1st 6s
7
7
95
96 8 Sale
96 h
Wis& Minn Div g 58.. ..1921 J-J
94 Si 87 8
e
96 Not' 04
Mil&NolstM L 68.. ..1910 J-D
105 V, Salt 105
105^
1913 J-D
ib"^ 1063b
1st consol 6s
105 105 Aug'05
1915 y-F
103 105
Chic &Northw cons 7s
-A
113 Si J'ly '06
1886-1926*
Extension 4s
106 114
s
92
Registered
1886-1926 P-A
91
93 Sj
933s, 92 4 Sep '05
General gold 3 S28
1987 M-N
100S, Sale 100 Sj 100 Sj
98Sil01
92a» Sale
92
Registered
i>1987 y-P
91% 93Vj
923e
92 Sj J'ne'05
92*8 92V
Sinking fund 6s. ..1879-1929 A-O
M-S
Monlauk See Long
i«Atl Coast L
<fc West
Buflalo M Y ib Erie See Brie
H
P
geu
Buflaio
it,
g 5s. ..1937 MS
Alii West 1st g 4s gu.. 19 Jo A O
Bklyn
B run s
l'aiiilc
('has
Cliee
9i>Sj1(.3
oml
bee So
Cent
103Sj
loo 34
94 S*
105 V
1 03 '4
136Sj
120
04>4
J-J
J-J
J-J
•
Sj
11
lianye or
Last Sale
Ask Low
Bid
J-D
J-J
A1987 y-J
Kematered
DoOjCd Imp u'U 5s.. 1921 J-J
La A Hud it gen su g 6a 1920 J J
Leh A Wilks 11 Coal 5s. .1912 M-N
vittio q-m
Con en gnar4 1a8
k v a Long Brmngia 1941 m-s
1
90 \ 732 88 34 8 "b
105 \ lb 103 '4 108 "4
Sep '05
t'.'OSilOHa
94 Sj iVs 92
96
U
14*g Sale
Albany <fc Susq see Del<fc Hud
Allegheny Valley see Peuu RR
See Bull ilil'
Ailej. & YY est
/il99i 4-J
Ann Arbor 1st g 4s
A tell 1 A S t c geu g 4s... if.'. AO
Belle v
"a
I
li'4
182 Sj
119*4 Oct
"96""""
',
104
109 '4 Oct '00
102 >a Mar '02
;;"" 111 Mar'02
'04
ib'2"^ ;;;;;.
lOS^S.
1C4
Nor Div
Air.
Stale Secuiiiici
class
I>i\
.Mac
106
104
Sj
101
(in— (Continued.)
piiniion k 4s. 1951
1st lt 58.1946
»fc
.Mid Ga a. All Div 6a.. ..1947
11)4(1
Mobile >i v 1st g 5s
.•in ol n J gen'lgold 5s. 1987
iiilial ol
104V104%
Sj
IT lee
yridau
Sept 15
I 1'„\UIN0 SltPT 15
1
Low High
KM
-.
\«
BONDS
STOCK BXOHAKOE
X. T.
i'li. it!
l
:;.-
Vaaaneaa
rVo
Weekly and Yearly
PAGES
tie
January
High
Lo\b
11
Record, Friday
KOl'K
Since
riyos
104 v4 104 V
104 J« 10.'.'. ll'4 -iJ'ue'0;">
104
1U4
l04SiJ'ly'0f>
104 104 Sj 104 '4 Sep "08
107 J'ne'OS
ibH" '.'.'.'.'.'. 104 Sj Deo ui
I04<8l04&a 104 J'ne'OS
105 >» I05<y 105 Sep '05
1 34
134 "a L32»aJ'ue'06
134
134Hj l33SeAug'05
3
109 J'ne'05
10b < ....
fcl918
s 3s ooupon
s :i> tH Nlllllll bOUllS. C 1918
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M90
is -is registered
M90
BS48 coupon
..1928
legislered
CiM.
..102f
U S4s coupon
PhiiiH me islands 4s. 1 '14-34
Porciun (iVTMUMMl
A'n
Samoa or
Bxd
D
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II
n
/ riiia
I'VIM;
J
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S,
aDueJan
94"*8
'.
a Duo Apr
96 H
92 "a 95
1
I
I
114 120*V
116H1II "-.
I18«i 121*4
«
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.i»y
92
91*8
92
'120 J'ne'05
95*2
95 '2 95
Sale
117*8
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117
Si
120
110
.
98H) 98*4
Si
90
94*8
120*a
94*8 97*a
116Sill8*a
117
90
96
97
100W
1U6*2 Nov'04
108 '2.
100
113
91
UbS, Apr'05
95 Peb'05
106 Oct '99
2b
Sale
87
and Electric l.iuhi
G L Co 1st g 5s. ..1947 J-D
Due j na /iDuejly jeDuoAag oDuo oot
J'ly '04
98*4
B8HJ
Hid', J'ly '05
91 H
91Si
87
09
87
100*4 100*4
87*4
85Hi
Dec '97
(•riH
Atlanta
a
p Dua Nov
sUyUoa
»1Hi
09*8
886
BONUS
STOCK BXOHANfiK
Week Exiii.iii Sept 15
N. Y.
Chlr.&HtL See A tell T.V,
StL&NO
Ohio
cine st L
Clue St P
&
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M
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1'
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l
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Chic & W .Midi See IvreMarq
Choc & Gull See C It I <fc P
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.1
1
W
ClstL&i) 6'ee C (; st 1.
Cin 8 &
SeeC C C 8t 1>
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Clev Cln C & st L gen e 4s 1993
c;
lstg4s..l!(.lt'
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kl'.r.u
1st gold 4s
Registered
£1936
Cln 8 <fc CI con 1st g 5s. .1928
1914
CCCfc Iconsol7s
Consol sink fund 7s
1914
General cousol gold 6s. 1934
Registered
1934
Ind 151 As \V 1st pret 4S.194U
C
I
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Ind
\VA" izb^
123
m;
lng*06
'.u;
1
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sie
118
J'ly '05
1001* ....
no
U841194
97
'4
125 H,
99
08
113 a4 H534
13
104 >a Deo 'OS
L13 Oct '00
116
May'Ofi
Lie
96 34
96 34 J'ly'O:
...
Hi
84^
Sep'or
]
119
99 Hi
&W
1110'.,
J-J
M-N
Q-I
IS
J-D
J-D
loo
103
Sale
103
100
~w\
103
Oct
'04
99^ Feb '05
9934
'J'J ;>4
lolie
94>a Aug'03
105 ^
105 Jan '04
102 102", 103 J'ly '05
101 HjAng'05
116*"
112'% J'ly '05
1234.
121 a4 J'ne'05
112 H4I4
12134 12134
i32*78 Augv05
isi^ i'35"
100 'a 103
101 Hi 102 Hi
.
1344135
A-0
lOO^j
199U Apr
CI Lor <fc Wh con 1st g 5s. 1933 A-O
Penn
&
Marietta
See
RR
Clev
Clev & Mahon Val g 6s. ..1938 J-J
Clev & Pitts See Penn Co
Col Midland 1st g 4s
1947 J-J
Colorado & Sou 1st g 4s.. .1921* F-A
Colurn & Greenv See So Ry
Col <fe Hock Val See Hock Val
104
100 ion.
98Hjl00aj
100T8 103?t
101
lOO^eMar'Oo
Si
J-J
J-J
Peo &
Income 4s
103Vi 104
100 ^ J'ly '06
Sale
101
J-J
1st pi 9a...«tl93a y-J
East 1st con 4S...194U A-O
....
901,1 ....
104ia Nov'01
100
99 34
99 a
75i.
75
112 "2 Feb '04
74-»4
1163.4....
1184
98 101
71 Hi 84
.
75 ia
116!aJan'0:
.
75ia 74»9
75
93 4 Sale
93 is
74 \
H6H1II6H2
10
93% 106
73
77
y0<4 96 H)
W
I\ak&GtSo SeeOM&StP
M
JJallas & Waco See
K&T
Del Lack <fe Western 7s.. .1907
Morris <fc Essex 1st 7s.. .1914
lstconsol guar 7s
1915
Registered
....1915
2000
1st ref gu g 3 His
M-S 106ia
M-N 126»« 12S
J-D 1294132
loeviSep'os
12678 126 7e
128 >a J'ly '05
12838
1
J-D
127
127
130
J-D
N Y Lack & W 1st 6s. ..1921 J-J
Construction 5s
1923 F-A
Term & Improvers
1923 M-N
& N Y 1st 7s.. 1906
Syr Ring
Warren 1st ref gu g 3 4s. 2000
Del <fc Hud 1st Pa Div 7S.1917
1917
Registered
Alb& Sus
Guar
1st con
gold 6s
gu 78.1906
1906
Rens<fe Saratoga 1st 7s. 192]
Bridge See Pa RR
Del Riv
RR
Denv& R Grist con g4s. 1936
Consol gold 44s
1936
improvement gold 5s.. .1928
Rio Gr West 1st g 4s.... 193b
Consol and col trust 4s 1949
Utah Cent lstgug 4s al917
Rio Gr So gu See Rio Gr So
IO6H1IIOI4
126 1293,
J'ne'05
1004....
128 S2....
1281s Aug'05
112'*May'06
103 4 104 Hi 104 ia Sep '05
106ia....
106 >a Sep '05
102 Feh'03
13114
134 May'05
149 Aug'01
134
J-D
J-J 100
92
A-O
A-O
101 4 102
106 a4 Sep '05
109 >4 Aug'05
10634
108
Sale
92ia
93 4....
99T8
92 >a
97
102 106 Hj
142Hil42Hi
12 100
102Hi
106»4l09Hi
107H»110
98 101
89
94H1
100
92 Hi
Jan '02
Des Mot <Ss Ft D See C R & I P
Des M & Minn See Ch & N
110 Sep '04
Dee Moi Un Ry 1st g 6s..l917 M-N 105 4.
Det M & Tol ,5'ee L 8 & M So
98
100 Sep *04
Det & Mack 1st lien g 48.1995 J-D
95
97
95H3J'ly'05
Gold 4s
1995 J-D
81 a4 Mar'05
Det Sou lstg 4s
1951 J-D
93*4
Sale
93^4
Ohio Sou Div 1st g 4s... 1941 M-S
9334
115 J'ly '05
Dul & Iron Range 1st 5s.. 1937 A-O 116
Registered
1937 A-O
134H2
10314 i03*"4
:
101^102
4
112HJ116
103 105
105 Hi 108
,
J.J
3
3
127»4 130Hi
112>4....
A-O
F-A
M-S
M-S
IO3I4 J'ne'05
A-O IO434
A-O 103 >4 Sale 103 34 103 34
142!aMar'05
M-N 1404
J-J
1916 J-J
Elm Cort
<fe
No
See
Leh <& N Y
Erie 1st ext gold 4s
1947
2d ext gold 5s
1919
3d ext gold 4 'as
1923
4th ext gold 5s
1920
6th ext gold 4s
1928
1st consol gold 78
1920
let consol g fund 7s
1920
Erie 1st con g 4s prior. .1996
Registered. ......... ...1996
W
W
General gold 5s
1940
Terminallst gold 5s.. .1943
Regis §5.000 each... 1943
MidRRof N J Istg6s.l910
See
120 Ha Sep '05
lOSia
112ia
10834 J'ly '05
11334 J'iy'04
110
Wilk& Ealstgug58.1942
Pitts
1204.
94
BuffN Y<fc Erie 1st 78..1916
Buff <Ss S
gold 6s
1908
Chic & Erie 1st gold 5s. .1982
Jeff RR 1st gu g 5s... .ol909
Long Dock consol g 6s. .1935
Coal&RR 1st cur gu 63.1922
Dock <fc Imp 1st cur 6s. .1913
Green L gu g 6s. 1946
Y Sus <fc 1st ref 58.1937
2d gold 44s
1937
<fc
J'ne'05
98 Hi Jan '04
93?e
94 Hv
88 Nov'04
96=6 96Hi
96 Hi
113 78 8816 111
114
12514
126 Hi Mar'05
104»4
110 Mar'05
123 "a
123H3 123'8
IO4I4
104 J'ly '05
136 "a
134HjJ'ne'05
118 J'ly '04
1151a
114
116 J'ne'05
113*8
117 J'ly '06
117
116 Apr '05
101 103 101H* IOIH3
104 110 107 34 Aug'05
120 4
1 17 Ha Jan '06
gen lien g4s„1996
Registered
1996
Penn coll tr g 4s
1951
60-year conv 4s A
1953
Erie
116
10634
HOHi J'ne'05
115ia
115i4Sep*05
106
103 Feb '05
132i<133>2 132?8
132's
lVi9
130 Aug'03
102»4 Sale 102 Hi 103
let consol
N7&
N
1134.
111»4
Penn Co
Sale
.
.
iiaji.u in<i
Gray'a i't 'ft-mi
G1 Nor— CU<ko
Han &
N
Houstcfe
J-J
168
172
168
J-J
F-A
101
103
103
106
102
102
105
J'ne'03
EdEIHSeeNYG<fcELH<S.P
Eq O LN E" 1st con g 5s.. 1932 M-S
Eq G & Fuel See P G C Co
GaseS; Elec Berg Co eg 6s. 1949 J-D
77
112
116 116
117 117
1141*116
101 104
106=4 111
117Hall7Hi
113
66
168
FA
Electric deb g 34s.. 1942
1st g 6s.. .1915 F-A
Hudson Co Gas 1st g 5s. .1949 M N
Kan City (Mo) Gas 1st g 5s 1922 A-O
"904 "9l"
61 4 Oct '01
91 J'ne'05
107 34 Dec '00
GrRapGLCo
111
1094 Feb '05
Kings Co El L <fe P g
Purchase money 6s
5s... 1937
994.
A-O 109
1997 A-O
Ed El II Bkn 1st con g 4s 1939
J-J
.
.
May'05
1244 124H2
944Apr*05
"JXo price Friday; latest bid and asked this week.
aDueJan
H3I4
ioi"
'.'.'.
109*8.
A-O
M-S
A-O
A-O
M-N
M-N
J-D
'.
107 ^
77
1874
6
Apr "05
Mar'O^
Ang'05
9J
I At IV
1
tll'jk
4 120H1 124",
12 IOU'4112
114
116
11334
lii"
108H)H5
85
May'05
92
85
102Hzl05i|
H)
J-
F-A
F-A
J-J
Hi
95
105 34
2 Sep '05
l"5Hi J'ly '04
103 J'ue*05
109
112
100
103
1 1
llOVi J'ne'05
113 Hi ilar'oo
11014 IIOI4
10234 Aug'05
94 Mar'03
101 H* May*Oo
70 Oct '04
102*",
Oct
108
105
'01
104Hll06<4
i03 106H>
106 Hi J'ly 06
106Hj Mar'03
9414 Sep '05
123 May'99
86 Jan '05
85
86
l0434
Mar'05
101 h Oct '99
100 Nov'OO
109 4 May'05
122*4
J'ly '05
122
103H2 90
124*4. ...
124
123 ....
119 34
iba"
IOIH1IOIH1
94 14
96 Hs
85
86
85
Hi
84
96
y2Ha
99 103Hi
98I4IO2
102
IO6I4 Ang'05
82
95 Hi 96
1091s 109 Hj
122
122
Nov'98
J'ne'05
l
i"23" 4
125"*
Mar'04
93=8 Mtty'04
94<fe....
W
1
103Hj
102
D'334 ....
04 4 95
107 Hi....
112*8
101
10734 Aug'05
.
iooHi!
StL&NOg
101
107H2 110 Hz Jan '05
103 Nov'04
UOH1IIOH1
109
109
100
120
....
....
....
....
IOOHj Sep *05
107HiDec*02
109isl09H»
9934 J'ly '05
99 s8 100 Hi
119 122 Ha
.00 103»4
703s SIHi
112H1116
88
85
120HiAug'05
100 34
81HlAug'o6
114
114
87 Aug'06
10034 100*8 1003,
113Hi.
83
,
M
M
SeeStL&SF
AO
73 Hi Sale
J-J
J-J
II8H1
1153s
118HiSaJe
73
63
1950 A-O
W
A-O
99 14
112 Sale
M-N
J-J
J-J
IO8H2
120 a4
A-O
A-O
II334
J-J
1940
1940
1931
6-20-yr col tr deed g 48.1923
E H & Nash 1st g 6s
1919
Unified gold 4s
Registered
Coll trust goid 6s
.
97i8.
M-S
M-S
A-O 106
A-O 105 Hi.
1
73Hi
79
70
76Hj
Oct '00
18 Hi Sep '05
11 4 Hi
Aug'06
118H»
118Hi
117Hzl20
1125s II6H1
117
112
112
108 Hi Aug'05
II914 May'05
109 Hi Oct '99
115 J'ne'05
99 Jan '05
Hi
120
110H2ll2H»
108HalO8H>
117Hill9«8
115
99
115
99
116
117H»
.
116H».
Q-J
100
~-J
-D
.
107 Hi.
102
104 Hj.
102
11334
;
.
,
llOHi.
H234
.
Aug'05
116
101 Hi J'ly '05
Oct '04
1023s Aug'05
110 J'ne'04
101k 102
99
>4
1004 103
101
l/0*34
05 14 Mar'03
112 Mar"02
1
1113g May'05
11 2 Hi J'ly 05
104 34 105
"""*"
l01' 8 J'ne'04
11934
100*8 1 02 H»
102 4106
102i» Sep '05
107 Aug'05
121 Sep '05
11834 Ma>'05
10434
104*8
121
J-J
J-J
IO6H1 Nov'04
.
IOIHi.
101 Hi.
98
M-S
J-D
M-S
J-D
M-S
M-S
M-S
N Y B&MB'ls'tcon g6sl935 A-O
N Y & R B 1st g 5s
1927 M-S
Nor ShB 1st con g gu5s 01932 Q-J
Louisiana* Ark 1st g 58.1927 MS
Douisv & Nashv gen g 6s. 1930 J-D
Gold 5s
1937 M-U
11138lll3»
112Hill2H»
1044107
123
119
117
39
121
10241054
118^8 115 Apr '05
M-N
1144115
A-O 100 100 * 100
100
28 97 Hi 1004
U4Hill7
J-D 11434
114Hi J'ne'05
on Next Page.
Gas and Electric Light
Lac Gas Lof St L 1st g5s.«1919 Q-F
Ref and ext 1st g 5s
1934 A-O
Milwaukee Gas L 1st 4s. .1927 M-N
108
105
1094 107 34 Aug'05
934
NYGELH&Pg
5s. ..1948 J-D
Purchase money 4s. ..1949 F-A
g
Ed El 111 1st conv g 58. .1910
1995
1st eonsol gold 5s
NY&QE1 L<feP 1st con g 6sl930
N Y <fe Rich Gae 1st g 68.1921
Pat<& Pas G& E con g 5s. 1949
Peo Gas & C 1st con g 6s. 1943
1947
Refunding gold 5s
894 924
ChG-L&Cke lstgug 5s 1937
Con GCoofCh lstgug 5s. '36
10941094
Mu Fuel Gas 1st gu g 5s. 1947
100 100
Syracuse Lighting 1st g 6s. '51
12234 127
Trenton G & El 1st g 5s. .1949
94 4 94 4 Westchester Light's g 58.1950
.
1244.
96
100
118
9941034
<fe
Gen
112
'Ioi"
J-J
Gold 3H28
1951 J-J
Registered
1951 J-J
Spring Div 1st g 3Hi8... 1961 J-J
Western Lines 1st g 4s. .1951 F-A
Bellev & Car 1st 6s
1923 J-D
Carb & Shaw 1st g 4s... 1932 M-S
Chic
58...1951 J-D
Registered
1951 J-D
Gold 3His
1951 J-D
Registered
1951 J-D
Meinph Div 1st g 4s. ..1951 J-D
St L Sou 1st gu g 4s
1931 M-S
Ind Bl & West See C C C & St L
Ind Dec &
1st g 5s
1935 J-J
1st guar gold 5s
1935 J-J
Did 111 <fc la 1st g 4s
1950 J-J
Int<fc Great Nor lstg 6s. .1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s. .1938 J-D
Refunding g4s
1951 M-S
Jefferson RR See Erie
A & G R See L S & S
Kal
an & Mich See Tol & O C
K C Ft S &
See St L & S F
—
Nov'03
11134
J-J
J-J
J-J
J-J
102
101
103H3 1031s
J-J
Tex Ccn .SVeSoPacCo
Central 1st g 4s. .1951
1051
1st gold 3 His
1951
Registered
1951
Extended 1st gSHze
1951
1st gold 388terling
1951
CollTru8t gold 4s
1952
Registered
1952
L N O & Tex gold 4s ...1953
Registered
1953
Cairo Bridge gold 48
1950
LouxsvilleDiv gold3His.iy5:-i
Middle DivregSs
1921
Omaha Div 1st g 3s
1951
StDouisDiv gold 3s
1951
Registered
1951
llinoiH
1 Registered
Knoxville <fe Ohio See So Ry
Lake Erie <fe lstg 5s. .1937
2d gold 5s
1941
96Hi
North Ohio 1st gu g 5s.. 1945
114 116
L Sho <fc Mich S See X Y Cent
Lehigh Val (Pa) cons g 4s. 2003
IIIH1II6
Leh Val N Y 1st gu g 4His.l940
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
U7HJ12034
Leh V Coal Co 1st gu g 5s. 1933
107 108 34 Leh&N Y 1st guar g4s„1945
Registered
1945
El C & N 1st g 1st pf 68.1914
107HillOHi
Gold guar 5s
114Hill7Hi
1914
Leh<fcHudR See Cent of N J
101 Hi 103
Leh <fe Wilkes b See Cent of N J
132^137
132 132
Leroy & Caney Val &ee Mo P
100 103H} Long Dock 6'ee Erie
Long Isl'd 1st con g 5S.A1931
lstconsol gold 4s
A.1931
91
96
General gold 4s
1938
94
98*9
Ferry goid4HiS
57
1922
14
Gold 4s
1932
472 9534 II4I4
Unified gold 4s
1949
126HJ126H1
Debenture gold 5s
105 110
1934
ref
gold
123*8
Guar
4s
1949
120Ha
10234 105
Bklyn & Mont 1st g 6s. .1911
1st 58
1911
134Hli36Hl
109'8 109*8
114
77
168
102*4 kale
J
Q.J
W
84
IO8HJHOI4
114
&
J
Kentucky Cent See L & N
Keok & Des Mo See M & St L
109'8 Jan'06
115
lsw
J-J
1999 J-J
Col & H V 1st ext g 4s.. 1948 A-O
H oust E &
Tex See 80 Pac
97
HOHi J'ne'05
M-N 114
A-O 76
st
Begietered
MISCELLANEOUS BONDS—Continued
Gas and Electric Light
Bklyn U Gas 1st con g 5s. 1945
Buffalo Gas 1st g 5s
1947
Consol Gas conv deb 6s
1909
Consum (ias See P G <fc C Co
Detroit City Gas g 5s
1923
Det Gas Co con 1st g 6s. ..1918
EdElIllBkn 6eeKCoEL&P
.s>«
coil tr4s 1921
Latered.A
IB21
Brei nbrier By See Cnee ct
Gall ite H 1 Let rel .fete 5s 61952
.Sec c B
St J
y
ousatomc See N Y
H& H
Hock Val lstconsolg4HiS.l'.io;'
Registered
95
70
90
112
Apr 05
Oct '04
So
SeeSoPaed
8eeH 3TOeni
see Penn KB
Kan C <fe Pacific See M K & T
Kan City Sou 1st gold 3s.. 1950
.
2d 6s
1
KC&MR&B
W
Dul So Shore <fc Atl g 5s.. 1937 J-J
i^astof Minn SeeStPM<fcM
^aet Ten Va <fe Ga See So Ry
Elgin Jol & East 1st g 58.1941 M-N
<
'I
Hi'/h
120'4
Sijic
January
'
I
Conn <fc Term See N &
Conn & Pas Rivs 1st g 48.1943 A-O
Col
w&
1
Hange
Weed's
ge or
Last hale
ij
lim
ASK Low
120'4
Evans <fe T H 1st cons 68.1921 J-J 120 Hi
Sale 112
lstgeneral fold .'.<
1942 A O
115^
114
Mt VersoB lat gold 6a.. 1923
101
Sun Co Branch lat ;- 68.1930 A-O I0rf»4
114
Ev<fclnd let con gug6e.,1926 J-J 113Hi
.so
fyee
<to
Ac
1
Ch
M
SI
H'argo
lintife PereJd
Bet Pere Mai
& i'liiin See Sea Air 1au<Kort St U D So 1 st if 4 Hja. 94 J-J
105
b'l
Den C lat e 6s.. ..1921 J-D 113 114 114
90
Ft vv,t BioGr 1st g 4s... 1928 J-J
90
/ 'al liar m s a
6'ee So PaoCo
100 104H2 102 H.
^ »al H & 11 of 18*2 1st 58.1913 A-O
Georgia <& Ala see Sea a Line
Ga Car <fe Nor See sea A Line
ieoreut Pacilic .Sei- mi Ky
Gila VGifc Nor
'jouv <fe osw<-gat
J-D
M-N
M-N
M-S
bri'tti
Sept 16
W'KKK E.NDIM. SBFT 15
Grand
J-J
Price
STOCK EXCHANGE
AO
133*8 138
>fe
Cairo Div 1st colli 4s
1936
Cin W«fcMDivlstg4s.l'.i'.i]
Bt LDiv 1st col ttg48..1990
Registered
1991
Spr&OolDiv
January 1
High No Low High
126*8
1
Cln H Si, 1) consol h 78...1905 A O
-J
1937
2d gold 44s
1st mi g 68.. .1941 M-N
Cln D <fe
1st (tn g 48.1953 J.J
Cin I &
-r.
]37\Scp'or,
98 Deo'03
l36 78Apr*06
iv'.)', Mai'Hi
138'
i:'.7" 4
-
ii
SS
N. Y.
1
!<
34s. 980 J.D
Lstg 6a l'.u M- K
Oh st PA
Nor Wisconsin Let 6e... 1980 J
St P& scity 1st g Be.. .191ti AO
Chicago Tor Trails g 4s. ..1947 Jto
Since
liant/i:
Ask Low
lua
t
BONDS
Lange
W'eK's
or
Last Hale
Price
ridav
Sept 15
/•
See 111 Cent
See Pen d
ron Be.„193(l J-7>
ruts
Cons 8a reduced
1
\ OL. LXXXI.
Bond Record— Continued— Page 2
109 Hi 1104
913, Sale
M-S
102*8 1034
1164
F-A 1014
M-N 100
M-S 101
A-O 1254
M-S 105 Hi 109
J-J
J-J
J-D
M-N
J-D
M-&
J-D
'
10734
no
91*4
Sep
92
105 4-Vug'05
119H»Apr'05
106 May'05
103 May'05
1054 May'05
124 J'ly '05
109 Aug'05
109 4 Sep '05
109Hi
1064108 109 May'05
107Hi 104 4 J'ne'05
92«a
10841UHJ
'05
91*8
1094
10541064
105H>iIay'05
92=8 Aug'05
Z
974
91
103
41054
105
103
108
103
1184H94
10541054
1233,. 1274
107 Hi 109
108 110
i
10741094
104 Hi
1074
1004
110 1124
110 May'05
111411S
1104111 4 113 Jan '05
Due Feb rtDueApr eDueMay ADueJly tfDueAug Due Oct gDueDeo iOptionsala
;
4
1
Sept. 1G 1905.
BOMIM
Price
51
)
M-N
NOAM
NOAM
J.J
JJ
M-S
SAN
Last Smlt
Ask
101
AO
M-S
121
I
"a
116**
:>
109
1384 189
1014
Sep
1
1164
112
1'itt.s
1
1
6
A-0
Registered
1990
1908
Melropol El 1st p lis
Han S \Y Colonlz g 5s.... 1034
McK'pt A B V Be* N Y Cent
Metropolitan El Set Man Ry
Me\ Cent oonsol gold 4a.. 1911
1st consol income g 38.01931)
2d oonsol income p 3a.. a 1939
1919
Equip A coLl gold 5s
Coll tr e 44« 1st Sex.... 1901
Mex Internal 1st con g4s.l9,
1977
Stampeu miaranteed
J-J
"s
J.J
81
fly
Jiy
A-O
24
4
97
17%
«4 4 Sep
'05
90% J'ly
'01
3-1
94
4
1104
1154118
964
97
97% Aug'05
97
M
AM
4 Sep '05
Sep '06
Nov'01
101
101
103
102 4 Sale
87% Sale
1024
87%
102%
87%
106
108 4 106
107%
137
137
1
08% 111%
h>
£>
97
129
96' 8
1164118%
115 4119
'0
"93% "96%
97
94
93%Apr'05
Sal<»
97
98
Sale
128%
126
984
J'ne'oo
99%
115
91
*99
93% 93 L4
95 4 100-4
125% 129
122 126
97
129
115
95
101
J-J
A-0
J-J
J-J
J-J
J-J
A-O
1204123=6 121
116 ....
116
118 ....
120
W
W
113=8....
1124....
113
J'ly'04
105=8....
106
4May'05
644 84
84%
'84
1997 J-J
1934 M-N
99
lo2
g 3 4s. ..199s
1998 F-A
89
199s
199s
FA
FA
FA
gug4s.l936 J-J
1st
1930 J-J
1930 J-J
4s 61961 A-0
2d gu gold 5s
Beech Cr Est 1st g 3
Cart A Ad 1st gu p 4s. ..1981
Clenrr Bl
9
48.1940
Gout A Oswe 1st pu p6s 1942
pi:
Moll A Mai 1st
N J June R gu 1st 4s...
N V A Pul8tcongug4s 1993
I
90%
.
Sale
Sale
120% 123
1144117
119
121
117% 117%
105 4105%
89%
101
J-J
90
99%J'ly'05
99
1 00 4
100 4102%
90
93
A-O 106
108
102
91
FA
FA
FA
FA
1911
rust Coctfs
Col Indoslst conv 5s gu A. 1924
>enes B. 1934
1
1
K
ClearCA
1st g 5s. 1926
-
Bar A H
•
a
•:
1'
•
•
:in
Ijiv lit g
h-
Dit 1st eons
C M Co Li
liar
C
A
A Co
1
Iron Coal
No pri<-" 1
1
A-O
a 1917
,-,
u
V
108%
72 4 73 4
71
71>4
la'
103 4
'05
9.14
11,
.sale
103
I
1
J'ly
90
124
119
106
124
120
106
99" Sep" 06
99
99
ib'54 Mar'05
105
1194 Mar' 05
1194
1174119%
100
118
10-1
106
J'ne'05
103
%
108%
103 4
4 VI
IM'4
10741074
1074 Feb'06
lOv'l^
4106 4
lis
Aug'05
113% Jau'02
1
101
110
FA
A-0
A-O
A-O
J-J
J-D
loo
Mar'04
106
104
131% Apr '03
l;-4
130%
131%
103
99%
994
974
105% 1064 105% 106
1044
104% J'ne'05
77 4 Sale
77
77%
loo%loi4
1254
112
109
112%
132
102%
104% 106%
41054
754 78%
103
74 4 77
99 4101
1254
1254126%
J'ly '99
J'ly '03
109 J'neOS
100 Aug'05
92 4 Apr '05
.
.
104%
97 100%
94 4 98
109 4109 4
100 103
77 J'ly'05
99 4 J'ly '05
1234.
116%.
.
10 100
J'ne'04
Q
J
1114112
1334133%)
132 4132%
99 Aug'O.i
96 4
96=,
109 4 Feb '05
107
y-*'
102% 106%
1034103 4
112 Ang'05
133 4 J an '05
132 4May'05
132 4 Dec '04
103% 103
103
M-N 102% bale 102%
Q-J
51
102% 103
103 4 Jan '05
Sale
J-J
112
.
OS
60
107^4 109
1144Aug'05
99% 101
924 92%i
11441164
118%Feb'05
U14J'ly'05
1184118%
1114113%
76 '4
4 74%
"08
107
'().'.
118
1
1
2d7s
1942 M-N
1945 M-N
RR 1st real est g 4s. 1923 M-N
1919 MS
1943 M-N
1915 J-D
1912 M-N
CouTertlbleg3 4s
Alleg Val gen gu p 4s. ..1942
CI A Mar 1st gu g 4 4s.. 1935
1) l: It R A Bgelatgu4»g.'36
nr R A I ex 1st gug44"
Teletrrnph nnd Telephone
m Telep A Tel coll tr 4s 1929
ErioT
l
994101
115%
112
10241044
1044 Aug'05
102 Apr '02
1084111%
109
109
Ang'05
Not'98
93 4 Aug'05
98 J'ly '06
120 J'ne'05
106
93 4
93 4 98
99
934 94
97
98%
117% 120
10S4Aug'03
Jan '04
Nov'00
98% Apr '04
96
98%
102
98>4
,
112
103
93
4 J'ne'05
.
115 4.
106
119
107
Apr '04
104 4.
93 4
106
106
102
,
113 1144
1124113%
1124113
J'ne'05
Aug'05
127% Oct '02
121 Mar'04
Feb 06
103
93
103
106
107
93%
H14Sep'04
110
101%salo
105
Sale
102%
110%
F-A 1034
J.J H0'4
M-S
M-N
J
Co 1st p 4s..
Tcol tr g s f 5a.. 1926 ?
(Jubie
A
J
J
....
..
106
Aug'03
101
105
101%
1054
102
110
Nov'9
Jan '05
110
110
111% J'ne'05
111
1114
152 101
102%
61 1014107
•
1
and
real est g 4 4«...
r.i.iD
1
1
98
.1
4
Sale
105%
N
1074110
J
J
!•
1
16
1 1
Am
1
'i
irit, .Slip ImI k i>*..
lireaii lhl coi ii
obaeoo
lo-j
Doe
.'
g
uaa ,ua
98%
64
1
1104
L01
1
13
71
'0%
1
P
2
4
13
L044 D)7%
.07
I
J
77
94
j
lol4
A
Uuo
,
ly
.
i
.7
L164
n.
1
t
•
1961
.laj
17
1
S'-p '06
-
'
1094109 4
106
J'ly '01
'•.
:
98
1
1
4«
»
I
1
10J
97% 9s 14
-'
%
107%
I
y
1
L06
R%
964
98
"'J'.'
109 4May'0:>
105 4 Jiy "03
1114
104
112
JJ
Wniiulnoturinp <V Induniriul
Col (ill ext 44s
1916 Q
Mil Hide A h 1st H ff6S..1919
\iiiit ice scnir deli pds.. 19
A
Aug
98
Tl
M
M
Am
12 h
105
96% J'ly '05
95
J
T 1st s f g5s
1918 M N
X Y A N J Tel gen g 5s. .1920 M N
Weal Union col tr cur 5«. 93 J
86
t*
M-S
1912 J-J
/U912 A-O
3d 7s
Penn
kui
aDueJan
J-J
Ang'05
Sep '06
101
116% 115
A-O 1044.
M-N
J-J * 108 4 109
1940 J-J
I
10.!
J-D
1950 F-A
Mut Un Tel * lund 6«...191
NorthwTel gut 4 4sg.. 1984
10
A-O 101%
E 34 guar g
1949 F-A
Pius Ft W A C 1st 7a.. .1912 J-J
I'd
Uay'oC
and aaked Una week.
I24"
102
'o:t
Jiy 05
1064Nov'00
18
M-N
M-N
MetTtfc
84
!
i-ale
1
103
34s B. 1940 J-J
C guar
riesD4sguar
!omm
102
lo'J
96
I24""
119
106
99
75
101
M-S
M-S
Series
\
Oct '00
112 4
1I0 4
Ma> '05
Jan
1094
BONDS—tontinu«-d nn Next l'npe
100
191c;
FA
1024
(>i
106
A
Series
107
103
108%
107
124
139
NACBdgegengug44sl945 J-J 104% ...
PCCAStLgu44sA...1940 A-O 1144Sale 1144 1144
Series B guar
113 4 J'ly '05
1942 A-0 1144
'04
DiC'i'4
J'ly'04
Muy".)7
May'Oo
109% Apr '04
Feb '06
124
19
lie
106
984
M-N
A-O 119%
A-O
CI A Pgen gug44sserA.'42 J-J 1164
Series B
1942 A-O 117%
984
Scries C 34s
1948 M-N
Consol gold 5s
Consol gold 4s
ConTertible g 3 4s
874 Apr'06
73
72 4 273
70
71% 193
l'\1
110% 113v
MS
90
A-O
A-O
1917 A-O
—
90 '4
89
105% 107 4
J'ly '03
107%
102 4
1917 J-J
1922 J D
-
r. i.iy:
1«3% Sale
94
J-D
J-D
J-J
J-J
J-J
1st stp.Os. 1951
1st gst 5s.
Coal gen 6s
1
1074 Oct
A-O
LaI
1
106
10
102
'06
99 4J'no'o..
loo 4
loo=,
14
K-A
J-J
Q-F
1996 J-D
1996 J-D
Oz'rk A Cher C 1st gu 5s g.1913
Co 1st g 5s
1940
Fac Coast
ac of Missouri Set Mo Pac
Panama 1st s fund g44s..l917
Sink fund subsidy g 6s.. 1910
Penn Co Guar lstg 44s. 1921
Registered
1921
Guar 34s coll trust reg.1937
Guar34scolltr ser B...1941
Tr Co certiTs gu g 34s. 1916
C St L A P 1st con g 58.1932
Registered
1932
884 90%
80% 914
[tflSCELJLANBOUS
.
1
115%
Oct '02
Sep
4
1(16
M-N
J-D
g
General gold 5s
1937 A-0
Ore A Cal See So Pac Co
Apr '02
105
106
1004100%
AW 4'MCCCAStL
OInd
hio RiTer RR 1st
5s. 1936
107 4J'ly'00
10J%
1004 J'ly
V
8 107
16 99%
91)4
i'iti 100
102
Xor Ry Cal <S'ee So Pac
Xor Wis See C St P M A O
Xor A Mont See N Y Cent
J-D
FA
LOJ
loo%
92 4
1164.
.
95
1
109
1st consol gold 4a
1968 J-D
Wash Cent 1st g4s
1948 Q-M
Xor Pac Ter Co 1st g 6s.. 1933 J-J
,
M-S
Coal 11111I Iron
Col Fuel Co gen pold 6s... 1919 M-N
(_
I
1943 F-A
v Coal .t
1st con
Series D34s
Pitta gug
Series C
90'.
.
1074
109-,
1
111 n.
W
2d 5s
Erie
90 Sep '05
90
90
90
"87% 90 4 90 J'ly'05
106
!05%J'ly'05
102 Mar'04
107 4.
J-D
A O
A-O
CBAQcolltr48 SeeGtNor
79% 84%
17
9P%100%
90%
II
NYC
99%
102
Low
109
100
January
Jiigh No
109
I
M-S
St P A N P gen p 6s
1923 F-A
Registered certinc's..l923 Q-F
St Paul A Dul 1st 5a.. ..1931 F-A
.
Registered
19I17
OCKAStP A'eeCANW
121
Sep '05
Aig'05
117% Mar'05
si nre
*>.
964 99% (ire RR A NaT See Un Pao
113% 115% Ore Short Line See Un Pao
95
95
Oswego A Rome See
99 %
Ang'05
Eeo'05
Nor'04
Hew HAD See XVSH4H
N J J one RR See N Y Cent
New A Cin Bdire .See Penn Co
N O A N E prior lien g 6s pl915 A-0 115%
N Y Bkln A Man Belt See L I
N V Cent A H Rivg 348.1997 J-J 99=8 99% 99%
Registered
1
Y A Greenw Lake See Erie
V A Har See N V C A Hud
Y Lack A
See D L A
Y LEA
See Erie
Y A Lonp Br See Cent of X J
Y A N E See N Y N H A H
St Paul-Dul DiT g 4s
Registered
1104
91% 96%
95
984
1044110
103 105 4
111 4 Mar' 04
1254
W
Beech Creek
1
g 48.1996
1996
Registered
DiT'llstlAgeng4s...l944
Pocah C A C |oint4s..l941
107
944
94%
96%
Sale
92%
I
g34s
1
N A W Ry
94
87
Lung*
109 '4 Sale
108 4 109
New York New Hav A Hart
Housatonic R eon s 5s.. 1937 M-N 1254.
N H A Derby con p 5s. .1918 M-N
S V A North See N Y C A H
2 l03->4 109
954 96% Aug'05
97% Ang'05
96'4
101
112
LAW
coll
)
t
W
Ang'O:.
109% Oct
94%
Morris A Essex See Del
^' ash Chat A St L 1st 78.1913
1st consol gold 5s
1928
J aaper Branch 1st g 6s. .1923
McM M A Al 1st 6s.. 1917
Branch let 6s
1917
Nash Elor A Shef Set L A N
Nat ot Mex prior lien 4 4s. 1926
let consol 4s
1951
Mich Cent
1
4
Mohawk A Mai ««.NVC'ill
Mononiiahela RlT Set B A O
Mont Cent See St P M A M
Morgan's La A T See S P Co
coll
< )
120% 122
113% 11^4 N Y O A
ref 1st p 4a.. #1992
1144117'
Kepis (5,000 only
^1992
95 4 98% N Y A Put Set N"Y C A H
96
98 ^ N Y A R B See Long Island
N Y s A \V See Erie
99 102% N Y Tex A M See So Pac Co
1941
Xor A South IstgSs
X orf A West gen g 6s
1 93
20 100 4104%
Improvem't A ext g 6s. .1934
10,
?i J4 £»%
New RiTer lstg 6s
1932
110 Mar'05
103
1034 Sep '05
118
118 Sep '05
1174117=*, 1174 117%
'MAO
Registered
g
5a... 192
WW
107
•96
106
W
Lake Shore
1st
1
Tex A Oklalst gu e 5s.. .1943
1901
Missouri Pacitic 3d 7s
1920
1st consol pold Gs
Trust gold 6s stamped. ol917
al917
Registered
1920
1st coU gold 5s
1945
40-year cold loan 4s
Cent Br Ry 1st gu g 48.1919
LeroyAC V A List g 5s 1926
Pac R of Mo 1st ex g 48.1938
2d extended gold 5s. ..1938
St LIrMA Sgencon g5sl931
Gen con stamp gtd g 5a 1931
Unified A ref gold 4s. .1929
Kit A a Dit 1st g 4s.. 1933
1st g 58.1926
Verdi V I A
Mob A Birm prior lien g os 1945
Morleaire gold 4s
1945
Mob J A K C 1st cons g 5s.l953
Mob A Ohio new gold 6s.. 1927
1st extension gold 6S..A1927
1938
General gold 4s
Montgom Div 1st g 5s. .1947
St L A Cairo coll g 4a..«1930
1931
Guaranteed g4s
coll 4s See Southern
Registered
Deben g 4s
1961
1962 M-N
94% 97
1144115 113% Sep '05
111
1144
CCATlstgug5s
1922
109% Sale lo9 4 109% 26 104% 109%
Scio VANElstgug4s 1989
106
106 110
08% Ang'05
Xorth Illinois See Chi A N
1074
106%J'ly'05
107 4 1074 Xorth Ohio See L Erie A
106
10S4Aug'05
104 4 108% Nor Pao— Prior lien g 4s.. 1997
105
105
Sep '05
103% 107
Registered
1997
1244
124% Sep '06
1214 125%
General lien gold 3s
<x2047
106-2 110%
1064 1064 1064
Registered
a2047
Kan C A Pac 1st g 4«...199o
Mo K A E 1st gu p 6a.. .1942
1942
5s
M K A Ok 1st pugug5s.l942
M K ATotTlst
Slier Sh A So 1st sup 58.1943
TAP
g 34s
North
<
\
931
93%
105 % Dec '04
97 4 Aug'05
93=8
109
93 4 97
1st
K W A con st ex 5 s hi 92
OerreA R 2d gn g6s...el916
R \V A T K St gu P 5s. 9
ItuviA Blk RiTgug4s.l922
X Y Clue A St L lstg 48.1937
X
137 J'ne'05
108%J'ue'06
l20SjApr'05
113% Mar'06
114 Jj J'ne'05
MS
1940
1940 J-J
Kepistered
May'00
105
Ask Low
itid
1
Registered
YA
X
N"
138%
1st oonsol gold 5s
1st and refund scold
Dee
A Ft D 1st gu 4s.. .'35
Minn A St L gu See B C K A N
con g 4 tut gu '3f
8t P A S S
SS
A 1st g 4 tnt gu 1920
Minn Un Set St P M
Mo Kan A Tex 1st g 4s... 199(1
$1990
2d pold 4s
1944
1st ext eold 5s
St L Div 1st ret g 4s.... 2001
Dal A \Ya 1st pu g 5s:. .1940
lstgu 61.1932
Bat C A Sturlst en g 88.1989 J-D
N V A Harlem g 84a. ..2000 M-N
2000 M-N
Registered
99 Hi
Lust Sale
1
1931
lstg 34s
73% 914
19
264
11
18 4
PI 4 119
81
25
Sept 16
22
Vio 4 139'
6H..1934
llepistered
LA S
J
1064109
1004
174 17%
17
109
120
1934
48. .1949
MA
l
X
X
X
ANW
NW
MA
South West Ex lstg 78.1910
M
i
107
104
104
104
'05
Apr '06
80 %
24
J-D
See Kne
Stt Chic
Mil L S A
Mil A Mad See Clue A
St P
Mil A North See Ch
Minn A St L 1st pold 7s. .1927
1909
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6s.. .1921
M
4 Sale
% Sale
MS
1st cold 6s.. ..1910
See N Y Cent
M
lo
io6%i'06% H'0
M-S
1
McK A Y
Week's
Rang* or
122
KU06S.1938
1st
4s
104% 105% 104% Sep
J-D
FA
UK
1934
2(1
MoKeeaA iiv latgoa L918
Mich Cent 1st cousol 6s. 1909
6s
1981
4U:
U
1st
it It
0*1
Price
truiav
puartls
"98%* 89%
99% J'ne'05
974.
5
1
1
Mar'03
AA
Malion
97%
11441154
r>
110
Kii
110
Bfl
1124 Mar'05
1
% Mar*06
112 78.
106
.
1st 4s gu...230! J-J
Registered
2361 J-J
Lake Shore gold 34"-..- 1997
1997
Registered
Debenture p Is
1928
Tol
1st
78.1906
Det Mon *
984101 >s
110
'0f>
97
W
West Shore
1214 1214
Nov'99
I
lAtx*
May'o5
J'ne'02
887
Wekk Ending Skit 15
High N" Y Cent A H R—< Continued)
109
Nor A Mout 1st gu g 58.191G A O
Apr '06
13
108
97
97
.%.
January
I
\V
2
.
STOCK EXCHANGE
N. Y.
126 4 l" s
111
114
75
1014
Sal*
1074
S3
Mar*06
Aup'05
Aug*05
109
130
128
114
684
>a
High
L<no
111
130
ia«>i
109
180*4
J-J
A A Cli B—C A L
See L 8 A M S
Mahon CoalBT0onsol4s.l990
AO
anhattan
Mich Cent
Mid of X J
1
BONDS
A'atii/<
Sept 15
•106
F-A
tele's
Rang* or
MS
U-S
MS
MS
J J
FA
FA
M M
H
Friday
Bid
Louisv A NaahT—{Continued
LCln A Lex pold 44a.. .1931
1030
1st pold 0s
1980
94 tol.l *s
..1920
gold
6s.
l'iv
Pensacola
1921
St L DlT 1st gold 6s
1980
2d gold 3»
Heuder Bdpe 1st s f g 8a. 193
Kentucky Cent gold 4s. .1987
LA N A A 1 st g 4 4s 194 B
LA N-south M |olntia.l962
N Fla A 8 1st gu K 5s... 1937
Pens A Atl 1st gu g 6s. .1921
Ala con gu e 6*.. 1936
1910
smk ttind sola 6a
Jetl BdgeCo ru g 4a.. 1948
Mex North
—82
.
'
Bond Record— Continued— Page 3
J
N. T. STOCK KXCHANOK
Wk&JC ENDUiQ BKPT If
LA
LN
I
Hale
p Due Not
Option
4
I04 l'-4
71
75 V
1
'0
saie.
77%
88S
Bond Record
BONDS
\\ Ki.h-
b
KK —
^
NDING Skit 15
U a
J
ill;
<fc
Can
a
blast
Peo<fe J'ck
:«
In
.s<v l«8s
2d gold4 4s
,
Hill',
1 1 1 Hi
194
1020
i
'•
&
lst gold 4s
See
ep'i 5
12
LOO
I'Ji
1)4' 4
llu
...
114%
...
111
!19
137
120
118
!
KC
i'
FtS<fc
109
74 4a
89
10*
114%
"a
112
114
i
23
1941
l
4
Apr'o-l
Oct
'
a
'01
Dec M.
1174121
Mat
J'ne'o5
76
89
Jaii
109
77
89
109
75
'().".
89
'(it
96
1
4
May'04
Nov'01
Sep
94
"05
93
96
1930 M-N
W OGuarW stamped
lst cv gu 48.. 1924 F-A
<fc
S
103
J'ni '05
-
104%Feb'o5|.
131 May'05
113% Sep 'o"
103»8....
127>4 ---
114
....
lOO'j May'Oi.
LO'iW Aug'05
102
89
88%
Sale
125
90
90
«9
81
Lee '04
Aug'05
96
89^4
90
99 v 100
83 ^
991.2
*v
105
84% Aug'0.5
Sale
83 ;4
liO^llo',, 113
138 '4 139
138 4
140
113
HI Hi
1
11
11% 112
J
1001-2
83 W "21
126
136
lst g 6s
§s
gug
WW
St P & Nor Pac See Nor Pac
St P & S'x City See C St P M <fcO
Lake C lst g s f 6s.. .1913
SFePres* Ph 1st g 6s.. .1942
'TerAolSt List
88%
92
124%
l'^b%
88
92
1
4
132
116
100
4
'4
J-J
84
Ean<fc
f.
M
,
I
'•
•JbJo
Ham& Bufflstg 4s./il940
.
99 4 Sale
115
96 4
116
104% 10434
Jan
124
135
123
135
118%118H,
'04
1947
1911
1911
Ore Ry <fc Nav fou g 4s. 1946
Ore Short Line 1st g 6s.. 1922
lst consol g 5s
1946
192!'
Guar refund 4s
Registered
1929
Utah <fc .Nor lst 7s
1908
Gold 5s
1920
Uni N J KR ds C Co 6e« .Pa KH
Utah Central see Rio Gr Wes
Jan
&
North
see
Un
J-J
M-.N
M-N
J-D
F-A
J-J
J-D
J-D
J-J
J-J
Aug'05
121
82
IJ.3%114
95
109%lll
112
108 4
112
4*102"
118%
974 100%
L174118
95% 984
4 May'05
1164 1164
114
116
1194
L13 4
121%
1234
H434
122%
112% Jan '05
112
112%
98 Feb'0:"i
109 4 Aug'05
108
Aug'05
Sep '05
1241
J ne'05
J'ly'o.j
96 4 98
111
Dec'04
114%
1144117
1144 J'ly '".'5
114 4 Aug'- '5
....
114
114
11441144
97
97%
115 1164
4 J'ne'05
9734 May'05
.
13H
112
120 4
100
115
Sep
117
100
J'ly'Ot
'o:,
Nov'04
11141124
lll%Apr'05
122 '4 J'ly'051.
10034 100 a4
112 4 J'ly '04
1114
125 % Sale 124
125V
96
yen. 96 Aug'05
106 J4
106 4 Aug'05
106 4 Nov '04
li5%lltj.._ 11634 J'ne'O.
116 4 U8
Ill May'04
109 ido 10934 10934
99
99 4
994
92
93 Aug'05
91% 9L% 92 Aug'05
864,87
86%
87
9b % 99
i>8
J'ly '05
t3%
1054
1014
131%
1344 sale
ibT" safe"
124% sale
li»% ..
;
3o
101%
1204125%
9334
102
1144116%
10934 112
95 4 994
95
91
894 92
83
97
87
98%
110% 113
95 4 96%
104% 1084
101%
103 41064
135
112% 1384
116% 137%
'4
Apr '05
K'2% 1031
1241 124 3 e
il-4 118i
13i>4
112
114
,
98 34
1U%111%
96H106'.
964
96%s'ale
123
L21
1
110% J 'ne'05
90
116
125
127
118
Feb '02
123
110
4
9-"
118
U64Aug*ii6
.
107%
"
'OC
Aug'05
8
109 4
11741214
Peb'04
121
i-'i
11434 116*. 113 4
1^3 J4 124% 124*4
1^43, .
126 a4
116 4117
114 34
105
Registered
1
11 6
1164
4112%
Registered
4 102 4
1124
1084 HI
...
.
H4H2
4 109%
102
lis
99 4
99 H.
11s .T'ne'o;
0S4Mar'o.".
90 4 Dec '04
95%..
i'1'5""
108
1
110
lst lien convert 4s
1144
103
108
no
.
103
117
104
127 4
102
124
1174120
954 984
97
liec'o;
4 Apr'o:
Pacitif
'04
W
W
103 34 Aug'05
F-A
F-A
J.J
M-N
F-A
J-J
J-J
M-S
J.J
J-J
J-J
110
41124
90 4 sale
76 4 sale
1
92%:::;:
904.""
J
3i
...
95
S>1
Sale
4 sale
98-8
1194
1124
1583
904
664 84%
102
92
103
92
109% 112
•
364
374
86
95
40
214
88%
98%
864 95%
35
45%
90
166 87\ 94
894
119
118 119%
119 4J'ne'05
99 4 9J1 Sep '05
96% 99%
40 Mar'01
J-J
110
A-O
113 4"
J-J
F-A
107
89% 90
J-J
A-O
No\
41124
116
107
1 90
.
A-O
M-S
A-O
J-D
A-O
107
Sep '05
90'-
77
103 Aug'05
92 Apr'05
111
Aug'O:
97 Xov'u
88 Apr'O;
97 May'05
;09 4Mai'0.i
90 4
91
110%
°04
D
J'ly '05
904
70 4
ov4
104%
112
4
U8 1184 118%
1184
107
103 34
111^"
M-S
..
91%
Ill
J-J
111 112
113 114%
114 41144
May'O;
112
113
112%
Sep '05
114%M.iv'05
LI 14 Aug'05
914
914
10
Jan '05
102
1114114%
954
91
102
102
J-J
94% 95% 94%
95V
24
904 96
BONDS—Concluded.
iHiscellaneous
101%
80
81
107
94
J-J
J-J
A O
J-J
11734
'4
J'ly '05
99% Sep
105%.sale
RR &
1094 109%
iO-'4J'ly'0.'.
112% Feb '05
120%
-99%
Ulster & Del 1 st con g 5s 1928 J-D
May'05
110
J-D
106
102
L094 Peb 05
111
Sale
lst refund g 4s
1952 A-O
TJn Pac
1 gr g 4s ...1947 J-J
llc38.
•
111%
U334
lUlSC'ELl^ANKOUS
M-N
A-O
1950 A-O
50-year gold 4s
Tor
Apr 'OS
:
121
104%
914
1084
101
10
Keb'04
.
139
121
Hi
.
low*
...
'01
M
Manufacturing &. Industrial
Cent Leather 20-year g 5s.l926 A-O
Consol Tobacco 50-yrg 48.1951 F-A
Registered 4s
1951 F-A
Distil Sec Cor conv lst g 5s. '27 A-O
Int Paper Co 1st con s. 6s. 1918 F-A
S Steel (JorplO-60 yr5s.<i'03 M-N
gold 4s.. ..1917 J-J
TolStL&WprIleng34s.l925 J-J
4
'04
J
1
W
Va-Car Chem
TolP& Wist
gug 4s.... 1990 A-O
4U0
H
M-N
lst
W
VG&N
W
J-J
F-A
M
A-O
....1935 J-D
W
W
A O
M-N
1935 J-J
5s. ..1935
Sep
Jan
L19
95
116
i
Dec'04
104% Deo '04
LIB Mai 'or,
1144 Dec'04
.
118'4
XoVO
loo v Jan '05
103 J'ne'Ofi
111
;i
.
April 1963
col tr 5s g..l912
& O C lst g 5s
Western Div lst g
J
i
Registered
W Min W<fc N W lst gu 6s '30 FA
General gold 5s
87 H.
84 ^
A-O
1894-1944 F-A
1953 J-J
g 5s. 1930 A-O
& N O See So Pac Co
Tex&Pac lst gold 5s
2000 J-D
2d goldinc 5s
?2000 .Mai
La Div B L 1st g 6s
1931 JJ
102% Tex
Utah
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Car Cent lst con g 4s... 1949
Fla Cen <fc Pen lst g 5s. 1918
lst land gr ext g 5s ...1930
ConsolgoldSs
1943
Ga <& Ala Ry lst con 5s ol946
Ga Car & No lst gu g 5s 1929
8eab* Roa lst 5s
1926
Sher Shr & So See
K&T
811 Sp Oca & G See Atl Coast L
Sod Bay <fe So lst g 6s
1924 J-J
So Car &ua See Southern
So Pao Co— RR lst ref 4s. 1955
Gold 4s (Cent Pao coll), /i-1949
Registered
fcl949
A<fe N
lst gug 5s
1941
Cent Pac lst ref gu g 4s 1949
Registered
1949
Mort guar gold 3 4s.. AM929
Through St L lst gu 4s '54
:GalHar& S A lst g 6s. .1910
1905
Kj 2d gold 7s
Mex* PaclstgSs 1931
Gila
lst gug5s. 1924
Hous E &
T lst g 5s. 1933
lst guar 5s red
1933
& T C lst g 5s int gu..l937
'
Consol g 6s int guar... 191
Gen gold 4s int guar.. 1921
Waco <fc N di v lst g 6s '30
TJ
Gen refund s t g is
St L M Bge Ter gu
•.
LOt) *
104 "a
115
114 78
Ko Low JIlgK
II ml:
.
122
106
113
104
1
136
U6H2
134 34 Dec '04
118 's Feb '05
107
8
Consol conv s f g 5s
1935
Int St Pump 10-yr conv. 6s '13
Knicker Ice (Chic) lst g5s.'2s
Lackaw Steel lst g 6s
1923
N at Starch M f g Co 1 st g 6s 1920
Nat StarolvCo s I deb 5s. .1925
BUn Rope <fc T lst g 6s... 1946
Income gold 5s
1946
V S Leath Co a tdeb g6s..l913
TJ S Realty & I con v deb g 5s '24
L 1st con gola 58
96% 101 Hi
80%
See D L & \\
g 44s. .1939
Utica & Black R See N Y Cent
Vandalia consol g 4s
1955
195.")
Registered
109%.
108 May'05
Val ml <fc
108 108
see Mo P
Ver
lrginiaMid See South Rv
Va & Southw't 1st gu 5s. 2003
90 H 904 Sep '05
90
abash lst gold 5s
1939
84 4 92
104 10£
VV
104
104
2d gold 5s
1939
105
102
98
96 Mar'05
Debenture series A
95
98%
1939
108
109 Feb'05
Series B
1939
109 109
103%
1st lien equip s Id g 5s. .1921
107 Hi
109 Ha Mar'05
1st lien 50 yr g term 4s. 1954
109 Hi 109 Hi
111^4
112 Aug'05
Det&Ch Ext 1st g 5s. .1941
109 4 U4
110%
110 Jau'05
110 110
Des Mom Div 1st, g 4a. .1939
110
Lll l4 May'03
Om Div lst g 34s
...1941
Tol& Ch Div 1st g 4s. ..1941
StChas Bridge lst g 6s. 190?105
L02 Jan '0;Wab Pitts Term lst g 48.1954
2d gold 4s
1954
97% Sale 96%
97'* 190 954 98 4 Warren Sec Del Lac <& West
95 Hi sale
95 14
95 a4 24 92 l4 97 ^ Wash Cent 6'eeNorPac
See Southern
94 Mav'05
Wash O &
94
91
107% 110 111 Aug'05
108% 111% West Maryland lst g 4s. ..1952
Ba
100% Sale 100% 101
Y<fc
1st g 5s. .193i
WestN
100% 104
1943
99SiMai'03
Gen gold 3-4s
89 Sale
89
Income 5s
t£1943
89
874 90
99 Aug'05
99% 99% West No Car see South Ry
io'iTC iio'% lOSHs Mar'05
VaCent& P lst g 6s.. 1911
1084110%
Wheel'g«Ss L E lst g 5s. ..1926
103 Sep '(14
110^11334 115 Feb'05
Wheel Div lst gold 5s.. 1928
1134H5
109 112
Exten & Imp gold 5s... 1930
107H3J'ne'05
1O7
1
105 ....
1949
BR
lst consol 4s
107^ Feb'05
105 4 107 4
103 >«..-.
20-year equip s t 5s ...1922
103 4 J'ly '04
110 .... 111 * 111>4
110% 112% Wilkes <fc East see Erie
&M
U2Hi 112Hi
112 41124 Wil <fc Sioux F See St P
lOO^Sep'OS
95 4 100 L4 Wis Cent 60-yr lst gen 4s.l04;'
123
127 Hi Feb '02
Salt
89
May '02
J'ly '05
l36Hi
>a.
Bmg & N Y
1043f
6% Apr '01
124
88-1
H21
111H<
104
104
106 May'01
104 H3 Aug'05
104^.
....
....
....
Aug'05
lUHa
104
'4
103%
gu g 44s. .1943 J-D
Syra
10K%113
J'ly '05
lst
104 34
Tol
4;
Ry
102
104
129 H2
112 Hi
9934
101
102
83
lst con g 6s. .1914 J-J
Ala See L <fc N
Falls <fc Nor lst g 6s. 1939 J-J
Stat Isl
103%. ...
101
L16
&N
Spok
1922
1937
Registered
1937
lst guar gold 5s
1937
& S F lst gold 5s.. 1938
:
...1912 A-O
gold 6a
1912 A <>
19;" M-N
cod guar g 5s
Stanipi-i'.
L905-..1937 .M-N
SP.uolN.Miix 1 i\ g US.. 191 J-J
Tex & N O 1st 7s
1905 K-A
Sabine Div lst v Ba
1912 M-S
Con gold 58
1943 J-J
Southern— lst con g 5e
199 1 J-J
Registered
1994 J-J
Moh<fe Ohio coll trg 4s. .193s M-S
Mem Div lat g 44-5s.. .I!i9t3 J-J
St Louis div lst g 4s
1951 J-J
Ala Cen R lst g Os
1918 J-J
Atl & Danv 1st g 4s
1948 J-J
2d 4s
1948 J-J
Atl & Yad lst g guar Is. 1949 A-O
Col <fc Greenv lst Os
1916 J-J
ET Va<fcGa Div g5s..l930 J-J
Con lst gold 5s
1956 \I-N
E Ten reor lien g 5s
1938 M-S
Ga Pac Ry lst g 6s
1922 J-J
Knox & Ohio lst g 6s. ..1925 J-J
Rich & Dan con g Gs
1915 J-J
Deb 58 stam ped
192 A-O
Rich <fe .Meek 1st g4s... 194a M-N
so Car
«a lst g .">s
1919 M-N
Virginia Mid ser C 6s.. .1916 M-8
Series 1) 4-5s.
1921 M-S
Series E5s
1926 M-S
General 5s
1936 M-N
Low
:
1184 1224
-)
B.1905 A-O
O...1906 A-O
;•
•'.
t
107%....
cl'.iln
E&
a
oiur*.
January 1
1
j
t
6e...cl909
WestN C
I
A & A P see So Pac Co
8 F & N P lst sink g 5s. 1919
8av F & West See Atl Coast L
Scioto Val & N E See Nor* Vv
ru g 48.1943
let
gOasi
1st
leu
1st
135
'
,'-
J-J
A-O
er
14 Hi
HO'-,
1
May'05
110 116
li>3 '« 100 100% 104%
100 Jan '05
100 100
"35 98 101
10(1% 101
Hi
h
76
94
•
f
I'.")
">h
.-
Mov'97
1033.1
W
i
gold
L927
s a .is A Pasa
so Pol .•
'
102%
101
KC<feMR&Blstgu5s.l929
lst
..
1
.(_-
St Louis So See Illinois Cent
lst g 4s bd ctrs.1989
St L a
t 2d g 4s inc bond ctfs...pl989
Consolgold48
1932
£
Y Gray's Pt Terl st gug 6s 1947
St Paul & Dul See Nor Pacitic
St Paul M & Man 2d 6s. ..1909
'%
lst consol gold 6s
193;:
Registered
1933
Reduced to gold 4 4s.. 1933
Registered
193
Dakota ext gold 6s
1910
Mont ext lst gold 4s
1937
Registered
1937
E Minn lst div lst g 5s. .1908
Nor Div 1st gold 4s
194
MontC
'-.;
Ore&Ca
lo.ji.j in.;.
1
J'ne'<;5
109
M cong 6s. .1928
Minn Union
Cal 1st
a
xii,
J.nnge
Range or
,1
iii
lx
Wcek't
Price
.' ruin
Sept 15
southern iv.c (<>—("
Morgan's J.a <k T 1st 78.1918 A-O
let gold 6a
L920 J-J
123%
-
B K& P
KCFtS&MRyreIg4sl936
/
f
I
116
iCKJ'i IIIII
2d gold 6s Class C
1906
General gold 6s
1931
General gold 6s
1931
St L <fe S K KR cons g 4s. .'96
South w Div lst g 6s. .1947
Refunding g 4s
1951
5-year gold notes 44. .1908
1
1
'<)
120>2Aiig'0.",
119'v 98 J'ly '97
102 78 Sale
StLiMBr ««T8BAoiStL
8t L •& S Fran 2d g 6s CI B 1906
>
.J'ly
1231*
....
U5'4
Borne Wat <fc Og 6'«N 1' Cent
Butland lst con g 4*28
1941
Kut-Canad lstgu g 4s... 1949
11
Tus
&
See Pere Marq
Sag
t Jo <fe Gr Isl lst g 48. ..1947
St Law* Adiron lst g 58.1996
2d gold Os
19913
St L<fc Cairo «S'e« Mob & Ohio
St L <fc Iron Mount See M 1J
St L K C & N See Wabasli
I
'i
120
',
I
Api
Hi. .'4
I22<y,....
112
1940
Pitts
105
1
113
1997
Registered
Jersey Cent coll g 4s.. .1961
Eensselaer <fc Sar Sec 1) <fe H
Blch <fe Dan See South Ky
Eich & Meek See Southern
Bio Gr West See Den & Rio Gr
iBio Gr Juno lst gu g 5s. ..193!
Guaranteed
HI''-',
Nool
ran'O?
117
&
RiogrSo
Hum
1. 1<>>
lloHjSep'04
126
&
Boon
1
'i
lst
Pitts Sh
U K 1st g 5s. ..194(1
194;;
let con sol gold 5s
Pitts <fc West .See B
O
Pitts V <fc Ash 1st con 5S.1927
1997
Reading Co gen g 4s
I
A.
II ii/li
I20ia....
J
Sa L92]
W
I
mi'
1
Guaranti
Pi Huron Div )»i g 5a. L9B9
SagTua* h lat mi - 4B.1933
Phil ISA; \v See [•.-mi hi;
Phila <fc Reading roiis 7 s. 1911
Pine (.'reek reg (TOM '68... 1932
Pitts ClJI <fc St 1, Sic Pi
PittsCleve«S ''!! &'«« BiS
Pitts Ft
ct Cll
i'e< ivnn Ci
Pitts June lst gold 88
192k
Pitts & L BrieSd g 6s...al92t
Pitts McKees & Y See N V ( 'or
.
I.
[Vol.
X. V. BTOCB EX(
Wki;;< 1.\i,iv; SEPT 15
i.
b!021
1st consul gold 5a
•
Lust
4
J{().M>->
1
Since
r
L09»aJiy'oe
CC C
Un l«tg6e....l92J
PereMnrq— Oh<& sv M
Flint* P M 8s
t
Naeli
<t si
.•><><>
Ha
ei
;'
A Hi
W
& ah
Peonacola
Peo
I
Bal*
Phlla
1,
i
Hm
(.null mini )
Lst g 4s.. 1043
Siiiu'j l.ewi.v Lst g4s... 1930
Peilll
ru
rida%
Sept IS
/
STOCK KXCH
N. Y.
— Concluded— Page
Sale
Sale
Sale
109
95
4
100
106
t
Sale
90
70
""2% 633
"61*4
111
*99 4 Sale
97 4 Rale
97% Sale
101%
price Friday; iatest bid anjt asked.
101
102 181 994102
78
80
10 74
84 4
85 % Deo '04
81
81% Hi 77 4 82 4
108
108
1
1074 110
94 »4
96
4 914 96
103 4 1034
1 102% 105 4
98 4 Feb'05
98
98
106
106 "l5 104% 108
85
85
1
93
85
68 J'ly '05
59
714
527,'6 10
52
42 4 694
'
'
3
3
3
14
8
110 4 Aug'05
108 4 112 4
99 4
99% "4 93 103 4
97
97 4 976 92
984
9734
96
1
92 4 97%
100 4 J'ly '06
99% 101 4
aDueJan
>i
Due Peo
c
1948 M-S
Adams Ex col tr g4s
Am Dk<& Imp 5s see cent N J
Am SS Coot W Vag 5s
103
1H20 M-N
B'kl'n fc'erryCo lstcoris g 5s '48 E-A
St Yard col g 5s. 1915 J-J
ldgr income.-... 19 11 A-O
DetMcfe
4'i
OhicJc*
M
Hoboken L
&
1
46 4
?0
106
J'ly '05
48
58
108
SO
77
77
U
10s
714
gold 5s. ..1910 M-N
50
.
Ship
,
17 102
100% J'n©'02
4 5 4 Aug'Olos
Mad Sq Garden lst g 5s. .1919 U-N
Man Bch H & L gen g 4.--. 1940 M-N
Newp Ne
103
102
Sale
D D 5s etlUOU
J-J
N Y Dock 60-yr lst g 4s.. 1951 F-A
Provident Loan Soo 44s. 1921 M-S
St Joseph Stk Yds lst 4 4s. 1930 J-J
St L Ter Cupples Stafn * Prop
Co lst g 4 4s 6-20 year. .1917 J-D
S Yuba Wat Co con g 6s. .1923 J-J
Sp Val Wat Works lst 6s. 1906 M-S
U S Ked<Si Ret lst st sr 6s. 1931
<fe
Due Mar itDue.^pr ADuej'ly cuuo
98 Sale
99
100 4 Sale
Feb'O.
98
100 Aug'05
100 4 100 4
!'8
H2.
loo
113 4
100'-. 100 1
94 4 98
98 100
1O041004
J'ly'
J "iy 'Oo
1004
..uv
uec
83%
,OI]
it»3
s*l«
vS
9
1
'
7
.
'
.
CHICAGO STOCK E XO R k AJ3E-Stock He cord -Daily. Weekly
AND LOW SSI
slut hs—Hia Jit-.* T
tyil
Stpt 11
Stpi 9
1J
STOCKS
•190
Si- jit
100
196
191
HI Hi
is
89
59
Hi
»a
l>0
59
Hi
»a
92
Hi
-11*4
•
••.'S-V
t>7
•91
89 Hi
89
SI',
aa»,
,
«»
no
6!' Hi
93
88
OS
92 Hi 93
22H63
19
29 Hi
88*4
18
j-Hi
.9
u.-^i
9S
y;^ a7 j«
a il So. tr
•17
89
>
IS
82H'
Lastsalr
Last Sale
*17Hi
toi
1011
99
9i
j.;>.i
"
98 Hj
22
•aii,
99
99
*60
*95
2S 34
97 34
Ihlc Ji eiak Park
I>o
prel
10U
LOU
8UC
Subway
100
,670
-
0lg
Ang'o.-.
CL10 Union Tract
>(>
J'lyv;.
Do prcf
Ivans City ity
Do pre!
69
99
Oil
92
25
89
Jfc
"Hh
97»4
G
1
J'ly
J'ly
/rrnouf
( I'.in
1
102
Sop
1C
80
H?Jan 4
03
Jan is
Hi Jnn 10
69
J'lyll
99
May 2 3
'-'
100
8
M uv
8
Feb
'4
Feb
Sep
Sep
1
1
4
1
Mai
Sep
Sep
1;
::i
1
23
lliii
he st
10
\((^
S
27
Nov
1
.Nov
1
4 Feb
JVHiMuy
28 Hi
Aug
AngJO
I'Oi
Hi
66
100
Mar27
'
Jan
13
51
9
175
410
510
60
82
S7 34 Auk
-
I
.Tan
1,181
1
7'! .!:ui
8 j ne2..I'ly
Feb
24
,
770
Lowest
199
B
8
:\lur::i
loo
>•
"s
Sep
'..
i
100
Lt..l00
W
Hiohett
Jnn
505
100
23 Hi 25
Metropol
S Kiev.. 100
»93«i
* OS
68
69
Hi
Do pref
100
115
80
.VorihChio street
100
2J
**91>B*S9\ •21 Hi
North western Kiev. .100
•61
•61
64
83
Do prel
100
•97
98
99
99
south Siite Elev
100
9b >» 29
39 ', streets wsuibie c L 100
28'a
•97
•97
99
99
Do prel
100
LiiSlSale IS
Aug'05 .Vest Clue Street
loo
H<
1'
63
99
29
Sep '0"
18 H
Jiam/t tor
IVai'
Lowest
180
1
I'lnca^o
58N 69 H,
6i'3«
96 Hi
•97
/,
H.
82'<
61<\,
67 a
Bl>i
•97
6H?
17
18
83 Hi
69\
61
•
*4 34
6H
*4Hi
B9
Sha re>
KnilriiatU
Ohio Crty By
'mo Conaol rau
'I110 Pass Itv
1
tar
1
19U5
W—k
EXCHANGE
/5
and Yearly
tor
liatijjt
flal»t
oi thf
chicaco stock
Friday
Sept 14
190
-ioo
185
185
Si-pt
PJttOSS
,'
Thursday
Mtdntstian
Sept 13
.Mo'fi (I V
I
SA1
)
"'<
1
,-0'.i
X(,\
J5
.Mai
a
Mai
2
60
.Mai
Jan 1"
Jan 5
15
Jan
Augiil
Ang2S 2!"4 Jan 4
Feb 3 103 '4 Mar21
J'nel2 73 Feb 3
44 Apr
00 .Mai
28 Jan
82 Hi Apr
38 Api
Nov
tfi
46
31
-Nov
s
Nov
Dec
,
26 Sep
Oct
88
ss Sep
20 Nov
07 4 Nov
98 Hi Nov
34 Oct
103 J'ne
66 Hi Sep
Miscellaneous
llHj
70
7'J
•yg
100
70
69=8 70
<93
100
133
139
•13-'
637s 51
54
100
100
132
55
54 34
Hi
IH4
llHs
70H,
11H,
11%
ilh.
11*8
70Hj 70S
U'O
100
7o 34
7o^
•69\
131
Last sale
4135
51 78
55
100
54 7 S 55
64 105
54 >
1'
lLy,
70H)
10
3&
38
•132
it8
...
•60
60
5:
.
,
39
112
52
*38
H-S
•50
40
119
Last S a
•51
* 3
*6
6H
•166
158
45
157
15
131"-.
138
103 «s 103 >j
141 141
60
60
141
60
• i
a
64
103 ^
5i 34
Hi
54 a<
60
39
Aug'O
lu3H)103H
104
140
60
110
60
60
62
HoHi
113
61
111
>>
15s
45
La st Sale
&
Co
&
Feb '05 Chicago Auditorium..
J'ne'05 Ohio Brew'g«Vs Malt'g.
J'ly '05
Do pref
158 Chic Edison
100
45 Chic Pneumatic Tool. 100
•156
>
Sep '05 Chic Telephone
100
104
li.l
•104 Hi 105 Ohio Title <fc Trust... 100
140 llOHs *1J9 78 141
Diamond Match
100
60
6J>8
6038
60 H. Illinois Brickt
100
Kans city Stock Yds. 100
Last Sale 34 Hi J'ly 'O.- Knickerbocker Ice. ..100
Last Sale 7VH, Apr '05
100
Do prel
Last Sale 17
J'ne'Ol London & Chic Contr
Last Sale 9
Dec '04 Manufacturers' Fuel
Last Sale 45
Sep '05 M asonic Temple
Last sale $
May'05 Mil* Chic Brew'g
Last Sate iU
Xov'Ol
Do prel
53», 56', *55Hi
56 Hi National Biscuit
100
113 113Hi 113
113
Do pref
100
* 60
'60
62 National Carbon
62
100
Last Sale J.Z5 Hi Aug'05
Do pref
100
Last Sale 5 34
May'06 Page Woven Wire Fence
104
141
60
SSOg
54 7» 55 34
11278 113
"CO
114 115 H;
I
Last Salt
Booth (A)
52
5.'
L a at Salt
Do pref
Amor T & S Bank
Do pre!
Cal & Clue Canal
DlOO
Mar'05 Central Trust Bank.. 100
112
52
156
'Wis" iio"
H2Hill2Hi
62 H
6H
159
158
158
158
139 Hi
103
111
60
51 3,
*lii:'-.iici
•60
•114
li,
4
1H-
•«.
,
.May'04
Last salt 16S
Last salt 10
•10
•«
e
100
I
105
105",
*
'
100
100
100
100
100
100
100
100
100
lU
'4
3."
100
uncrican Can
Do pre!
whit Radiator
Aue'05
Do pre!
58
5 5 Hi
Vmer shipblug
101
I
Last Sale iys
40
112
62
Allis-Clialmers
Do pref
55 34
113
61 Hi
115 Hi
/3.VHi
J'ne'05 People's
'6»IH»
110
92Hl 93
96'« 97
96
96
110
110
"96 34
110
110
110
110
"97"
93
92
-96Hi 97
110
95
98
92
97
Last Sale 10 ss
-1H)
10
38',
I'M
lu
39 H»
lHi
1H»
*1Hi
10
39 Hi
10
39
*li)
1 34
1%
10 »s
10 Hi
39
Is
1<V
10
lOHs
39 Hi 39 Hi
L«fc
Hi
Apr 25
11
63
Feb 6 34HiAug 1
Feb 15 73 34 Mar22
1«8
1°b
10 H.
10
39Ht
38 3
52 34 Augl6 65 34 Apr 3
327 110 34 Aug 17 120 Hi Marl 6
60 41 Jan 25 67 Hi J'ne24
110 Jan 6 120 J'nel9
5 Apr 20
6 34Mayl9
1,67s
99»8
Mayl8 110 34Apr
40
10 Hi Dec
50 Jan
17 J'ne
Aug
42
1 34
Apr
64
'4
94 >4 Oct
108 May
40 Nor
110 Feb
62 Aug
23 34 Jan
10 V, Nov
IHiNot
Feb
173HjNot
8
36 Not
147 Hi Not
Oct
10-S
142 Hi Not
Oct
12
52
20
9
51
Feb
Jan
Deo
Jan
2 Hi Jan
25 Sep
58 Hi Deo
II6H1N0T
46H»Dee
20 Nov
36 Jan
99H»Jan
25 Hi Mar
95 Jan 120
Sep
8
98 88 Feb llOHiNor
900 106 Feb 25 114 Jan 6
250 46 Jan 25 93 Sep 11
496 b6H2Jan 4 98 Hi J'ly 26
99 78 Apr 110 Hi Not
35 34 J'ue 47 Hi Jan
75 J'ne 87 Not
100
& P Co ...100
100
Unit'd Box Bd & P ColOO
7
1
4
Oct
10^ D«
pref
10 Hi
Do pref
100
39 34 Western Stone
100
This Is new stock.
*
12HiDeo
Deo
Mai 79 Hi Deo
Jnn 123 Hi Sep
J'ue 40 H2 Doo
7 Hi Nov
44H)Mar27 48HlAugl4
2 Jan 30
2 Jan 30
Dec '04 Union Bag
Do
3Hi Jan
31 34 Jan
l
St Louis Nat St'k YdslOO
109 'e Swift <fc Co
100
93 The Quaker Oate Co.100
97 34
Do pref
100
LTn Stock Yds(So Om)100
109 Hi
*90
*97
14
Jac
73HiApr25
Jan 24 101 Sep 16
125 Feb 21 133 J'ly 31 115 l4
i",988 38
Jan lii 58 Hi Sep 15 19
100 98 8 Jan 17 105HiMar27 82 Aug
183 Mar
""25
Nov
*3s" Jan" 4 40 Jan 4 33
105 Marl7 112 Aug 19 100 34 Mar
"150 50 J'ly 27 62 Aprl5 62 Feb
148 Hi Feb 23 150 Marls 120 J'ly
10 Jan 5 10 Jan 5 10 Oct
3 4J'ne 2
1
Jan 18
1 Jan
6 J'ae?*
Feb
7
Jan 20
7
86 153 Jan 25 172 Feb 20 140 May
30 32 Jan 7 52HiMarl6 IS J'ly
125 May 4 143 Hi Feb 1
115 Mar
85 95 Apr 6 105 34 Mar 6 86 Feb
543 134 Hi Feb 1 145 Ang2S 126 Hi Feb
743 55 J'ne27 66 Hi May25
GasL& C'kelOO
Pullman Co
iio"* ii'os.
131
9 Hi Feb
60
76
pref
)o
Last Sale
310
791
1,683
2,820
8
795
28
1*8 J'ly 25
2
Hi
A pr
3
3
Augl6 14 H, Apr
Feb 15 41 Aug21
3
4 J'ly
3^ Not
7
J'ly
20 34
14
Sep
25
Hi
J as,
DM
I
Chicago Bond Record
BONUS
CHICAGO STOCK EXCH'GE
Wkkk ksdtng September 15
Price
Range
Sept. 15
Last Sale
Ask Low
Bid
1910
Amer Biscuit 6s
Amer Sttaw board 1st 6s.. 19 11
Cass Ave
F O (St L) 58.1912
100
103
<fc
Cnio
Chic
Chic
Chic
104
Board of Trade 4s ...1927
Consol Br & Mlt 6s ..
Consol Trao 4 H»8
1939
Edison debent 6a
1913
.
1st gold 5s
JU926 A-0
Chic Auditorium 1st 58...1929 F-A
Chio Dock Co lst4s
1929 A-0
Chio Bonn Gas 6s
1905 J.J
Chic& Mil Klec By 5s ....1919 J.J
Chic Poeuxu Tool 1st 5s .al921 J.J
Chic Rock I <fc Pac BK 48.2002 M-N
Collat Trust e 5s
1913 M-S
Commonwealth Elect 5s. 6194a M-S
Illinois Tunnel 5s
1928 J.D
Kans City Ky & Lt Co 58.1913 M-N
Kjiickerb'cker Ice 1st 58.1928 A-0
Lake street El 1st 5s
1928 J-J
Income 5s
1925 Feb
Jtetr
Side El 1st 4s
1938 F-A
Extension u 4s
1938
JiorcH Clue Bt 1st 5s
1906
lit 6s
19oy
Befundme g 4 H,s
1981
No Chic City StBy 4>s8.1927 M-N
Nerth Weet'n El 1st 4s. ..1911 .M-S
Ogden 6as 5s
1945 M-N
Pearsons-Tart 5s
1916 J-D
1920 M-S
4-40S B B B
W
1
4-408 Series
4 60s Series
4 -80s Series
-
People'sGas
E
F
L&C
Lt& C
1947
1st K 5s
Union El (Loop' 5s
Union Pacific tonv 4s
U
V
MS
1st 58..1937 J-J
6s.. 1936
Consumers' Oas 1st
South Side Elev 4 His
Swift* Co
104
59
iiuHi
100 H?
76Hi Sale
106 >4 106 Hi
t95
10(1 14 101
y7Hi 98 34
99 H.
94
'4
81
Hi
"90"
Sale
88
100
Sale
^9
94 Hi Sale
90
91
100 Hi
99^
F-A 9aHi
M-N t99*«
M-N 100
1st 6s. 1943 A-O 123
Befunding g 5s
Chic Oas
S Brewinic 5s
8 Steel Corp 2d 6.1
West Chic >t 1st 5s
1924
1914
1945
106 '4 106 Hi
108 Hi Sale
107 H
io;iii
103=8
103 m 104
106 IO6H1
191
M-N
I91tl
M-S
d963 M-N
1928 M-N
Week?s
Friday
90
Hi
Hale
or
Chicago Banks and Trust ComToanies
Mange
NA31E
Since
January
1
Outstand- Surplus &
ing
Profits
Stock
Low High Bankers National
2,000,000 4a,087,u
Calumet National
100,000
28,765
100 Hi J'ly '05
200,000
99 Hi 101 '4 Chicago City
163,776
Chicago
National
103 Aug'05
103 103 Hi
1,000,000 1,457,056
Chicago Savings
101 May'05
k 500,000
103 104
/C66.814
Commercial National
103 Apr '04
2,000,000 1.803,231
1;
56
58
50
66 Hi Continental National.. 3,000,000 1,238,721
104 Hi J'ne'05
50,000
3,865
103H3l04Hi Uook Co State Savings
104 104 34 Corn Exchange Nat.
3,000,000 3,656,960
104Hi Sep '05
Drexel Slate
200,000
98 Feb '04
14,458
Drovers Dep National
600,000
270,841
F'irst National
8.000,000 6,172,662
io6*l NoV'04
First Nat Enjdewood..
100,000
117,377
F'oreman Bros B'k'g Co
80
500,000
629,029
76
76 '4
68
Fort
Dearborn
79 Nov'04
Nat.
238,758
1,000,000
Hamilton National
14.',968
80 Apr '04
500,000
106 '4 106 14
106HilO8H» Hibernian B'k'g Ass'n 1,000,000 1,045,565
94
100,000
162,906
96
94
98 Hi Home Savings
lOO'sFeb'O
200,000
12.534
100=8 100 b Manufacturers Bank..
98 Hi Sep '05
97
98 "a Milwaukee Ave State.
250,000
263,238
Nat Bank of Bepublio. 2,000,000
99 Aug'05
97 H, 100
971,602
Natioual Live Stock... 1,000,000 1,307,291
16 May'Oi
16
16
50,000
5.273
94 \
94 78 u 94 H) 96 Hi North Side State Sav..
50,000
49,587
86
90 Hi Oakland Natioual
Peoples Trust Jfc Sav ..
00 Aug'05
200,000
16,777
90 100
90
UO
250,000
58,958
99 Hi Prairie National
"i 88
i'raine State...
250,000
79,244
Pullman Loan <& Sav..
SOO.000
SO Aug'05
95
175,819
89
94 ag
94 76 137 93 Hi 95 34 South Chicago Savings
200,000
34,294
state
.•<)
Bank
of Chicago
Sep '05
1,000,000
661,287
88
96 Hi
stock Yards Savings
250,000
9S.279
99 \ Union Bank
200,000
9y»4 Sep '05
21,264
99
3
200,000
99 4 J'ne'05
16,294
99 Hi 89»4 Union Slock Yds State
100
II
100
100
99 Hi
100 100 34 Amer Trust* Saves.. 3,600,000 2,044,365
100 Aug'05
123 '< J'UO'OS
912,582
123Hi 123 3« Central Trust Co of 111 2.000.000
200,000
106'< 106 '4
105 Hi 107«8 Ciuzens' Tr <fc Sav Bk.
108-colonial
107
Trust
'4
<fc
Sav..
k'200.000
108
108 Hi
fcl76,71]
8
107 May'O.'.
200,000
106 Hi 107 Hi Drovers Trust & Sav..
48,209
102>4 101 's Kcjultable Trust Co
500,000
1 03 "^ Sep '05
450,000
Federal
Trust & Sav.. 2,000.000 Merged wi
102 Hi 103 H,
103 J'ne'06
First Trust & Savings 1,000,000
106 '4 J'ly '05
105 Hi 107
804,576
Illinois Trust <fe Sav.. 4,000,000 6,305,487
114 Nov'04
Jackson Trust <fe Sav..
250,000
68,639
81 J'ly '04
Kenwood Tr<fc Savings
200,000
88 Nov'04
22,881
Merchants' L'u<bTrCo 3,000,000 3,709,730
90 Hi 100
90 Hi
90 Hi
68 «i M etropolitan Tr <& Sav
os ^ Sep '05
60
750,000
244,269
Northern Trust Co Bk 1,500,000 1,702,469
90
00 Feb '05
80
'0..
Trust
90«»
BoysJ
456 JVM
Co
500,000
82 Sep
75
Union Trust Co
97
1.000,000
88
698,120
88 Aug'05
Western Trust A Sav! 1,000.000
221.044
100 Jan '04
Wo»'tl:iwiiTr£Sav
200,000
14.711
Bk
Chicago bo nd price
Jiiyli A'o.
'4
Tunnel 1st 5s
1909 F-A
Debent 6s
1914 J.D
Conaolgos
81
85
1936 M-n
West DivCity Bt 4>ts..l98v J-J
90
!-5
West'rn Monc Co 5-20 5s. 9O0 A-0
Note.— Accrued interest mus t be .ulclcd to" ail
iOiU<te» spSOUl
(.moi.il dividend
dividen of 30
, m Uoc, 1903, 111 uVKilt of First Print ,fc Savings Ban*.
I Also pai.l 1 1
* Bid and asked prices; no sales were made on this day.
IS Week,
woelc
t No price Friday, latest price this
« Due Dec 31.
increased.
i Due June,
k Capital and surplus to be increa*
c Due April.
A Due July.
1
1
'
-i
1
I
*
'-»
leolaxod
Aug.
10, 1904.
Dividend Record
Last Paid
%
'05,
2
'05,
'05,
•05,
8
,
4
3
J
;
•05. 3
•05, 2
•05,
'05, 3
'05,
'05, 2
•05, 3
•05.
J
'
1%
1%
I
i
2%
•05,
iy
•05, 4
•08, 5
'05. 1
•05, 3
•05,
'05,
i
•
:
1%
3
;
•05, l>t
'05, 3
'05,
•05,
•05,
•05,
2
2
1
2
•05. 2
'05, 1\
'05, lHl
'05, I",
'05, 4
Hank
.
EXOHOGE— Stock
BOSTON STOCK
Weekly and Yearly
Record, Daily,
1
L'
I.
— hot
.Share Prteea
Monday
Saturday
utrsday
'J
I
Per Centum Price*
STOCKS
Wednesday
Thursday
Friday
Bept 13
Bept 14
Bept 15
Bept 12
Bept 1
Bept 9
I lil
.
UXOHA.N'GE
01
Range
Jiange lor Year
Sales
BOSTON STOCK
1905
the
lor PrevioxH
Year (1904J
Week
Highest
Lowest
Shares
Highest
Lowest
K:i l!rn:iili
1(14
1
*
•24
•73
26
74
104
Hi
90*8 91
-104 Hi 105
255
255
266
'245
176Hi 170Hz '177
248
246
177
310
310
....
....
....
•24
25
;
255
7
m
10
1 '4
g
171
25
74
•7.1
74
75
175
J
'310
•24
i5?6
16H1
60
60
*23i4
n>
24i4
*208 Hz-—
•206
80
80
*
18
59 Hi 60
•28 Hi 24 H
208 208
208
208
r
•85
•85
9.1
92
92
16
'188
16Hl
69Hi
Hz
207
'4
80
60
2 4 Hz
208 Hi
Hz
97k
4
82 "8
60
•63
102
129
•98
102
130
'
96 3,
100
•99
*113
128H>129 7e
96
95
•99
113
99
99
113H)113Hz
...
101 Hz
10'-
100
...
92*4
17
17
•59
102
132
96
83
60
82
60
Hz
•6»4
22 Hi 23
94 Hi 95
*6H»
7Hz
29Hi
7Hi
*94Hl
24H
96
7
7
23
102
102
131Hl 133
Hi
Hi
60H>
24
24 76
94 H» 95
7
7Hz
3434
34
•10234 103
•>>>• «•*••*
•11934 120 V,
1 2*6 Hi 120^4
i20 3 12034
133
140V, 140»,
•20
*s«i
21
21
22
•5»e
6H|
6 Hi
4*
21 Hi
•5°8
21
Hi
6H1
253 •250 253
•260 263
179 181
'178 180
•178 180
6OH1 51
503s 6OH1
60Ha 50Hz
87 Hz
87
88
88
87 Hz 8VHz
194
194
190Hil96Hz
•194 Hj
•Hi
253
I Hi
1H»
*lHi
14
246
*§Ig
•IHl
2H.
12
246
l l4
134
134
•133 Hj 134
*12
2Hz
14
'246 249
934
*9Hi
93,
1 34
134
134
134
*1H«
•12
245
•9 Hi
122" i22
21Hz
*5 58
251
180
51
83
195
lHi
21Hz
6
252
180
61
88
197
1Hz
134Hil34Hz
2Hz
*1Hi
*11
•247
14
246
93,
2Hz
14
249
9Hz
9Hz
110 110Hz IIOH1IIOH1 110 HOHl 110 110 Hi
•22
•22
•22 ....
•22
•26 Ha 26
•25 Sa 26
•25 "a 26
*25Hl 26
-3
*3
•3
4
4
4
•3
4
109
Hi
108Hil99Hz 109 110
109 109 Hz 109 Hi
80
78
79
77
80
80
Hi
Hi
80 Hz 81Hz
3136 31 Hz
31
31
31Hi 31Hz
81 Hi 32
1
IO734 10734
35Hl
102 34
*
"65
15
18.
99
85
100
•97
•83
•96
35
102
35«a
102»4
35 Hi
103
35 <fc 36 e
103 104 Hi
''
-55
•
99
86
100
•97
•83
-94
108Hil08H>
36Hi 37
104 104
'66
18
".'.'.'.'.
98
•84
98
•trs
100
98
•83
*96
18
'
87
100
pref
£
ProTidnncfclOO
18
98
86
100
1,402
50
121
12
-163
<;oun&
Azzg'O
3
1
389
857
886
2
I»a.s«
Blvpre
"8>i"
"J 2
93
'65 Hz J'ne'05
•lb
17
69
Hz
'Hi
Gra Ziy
<fe
100
hlectnc
Do pref
100
loo
Maine Central
Mass Electric Cos...
Do
100
100
prel
Aug'o5 Mexican Central
208 N Y N 11 <fe Hart. ...100
May' 05 Northern S 11
loO
Aug'OO Norwich & Wor pretl'io
100
Colony
:
"" Old
Fere Marquette
10*
99Hz
-i 4
l
•82
•59
lo
83
00
Do
100
100
prel
Rutland pref
226
250
10
499
502
Do
102
131 34
132% Union
100
100
100
100
50
50
pref.
Pacific
prel
.
1
Wisconsin Central.. .100
100
Do pref
Apr'05 WotcNashifc Roch..lOO
Miscellaneous
24H)
25 Arner Agricui Chem.lOo
24Hi 25
Do
pref
100
95
95
50
7
Amer Pnea Serv
7
28
Do pref
50
28
28
23
7
138 e 139Hi 139 Hi 139«s AmerSugarRefin....lOO
138
139
Hz
Do
pref
100
139
138 H?
140 Amer Telep & Teleg.100
140Hz 14034 13934
35 Hi
100
35 Hi Amer Woolen
35Hi 35 Hz
103»8 IO334 103 Hz IO334
Do pref
100
10
Last Bale 4 34
J'ize'05 Boston Land
•120 Hi 122 •120Hi 122 Comberl Telep & Tel 100
•21 Hz
Dominion Iron & St
Last Bale 534""" Aug*06 East Boston Land
•250 253
Ediaon Elec Ilium.. .100
Oeneral Electric
100
180 180
*503
4
61 Mass'chusettsGasCoslOO
50Hz 50 Hz
88
88
Do pref
100
38
88
Mergentnaler Lino.. 100
195 196
Mexican Telephone., lo
1Hz
*lHl
100
134 134 Hi 134
134 N E Telephone
Last Bale iHi
Aug'05 PlantOom t'st stk com 100
Do pref
100
Last Hale 13 Hi Sep '05
•247 250 •247
100
260 Pullman Co
*9Hi
10 Reece Button-Hole.. 10
-9Hi 10
100
110 HOHi HOH) llOHi Swift & Co
Last Bait '*'$
Ang'05 Torrington Class A.. 25
Last Bale 46 Hi Aug'05
Do pref
25
Last Sale 3 Hi
Sep '05 Union Cop L'd & Mg. 25
United Fruit
100
IO934 110
80
80
793J "go" Un Shoe Mach Corp. 25
Do pref
25
31»8 31Hz
31Hz
32
100
Last Bale 13 Hi J'ly'05 US Leather
Bale
'ilHi J'ne'05
Last
Do pref
100
100
Last Sale 53
Aug'05 U S Rubber
Do prel
100
3-638 37
100
36«a
37 Hi U 8 Steel Corp
103 34 104 3g
10334 104
Do pref
100
25
Last Sale 50
,
Sep '05 West End Land
Last Sale 16
Sep '05 West Telep & Teleg.100
•97
93
100
98
Do pref
98
Last Bale 85 Hz Aug'05 Westing El & Mfg.. . 50
Last Bale 92 Hz J'ne'05
Do pret
50
14:7
•2
1
L
-i
•
109
'•2
::,'.',
3
125
1,481
10
J'ly'05 Savannah Elec com.. loo
Sep '05 Seattle Electric
100
102
'-2
'•2
Connecticut Kivur...lOO
B'ltchbnre wrel
777„May20 93»gMar 9 64 Mar 89»4Noi
99 Hz Jan 25 106 Hi Augl" BS Jan 104-4 -Vol
254 Jan
261 Apr 4 239 34 J'ue 254
Deo
Aog
Deo
163
158Hz Apr'ih j;137 Feb .56
2241 May24t .'49 Marlti 2 30 Mai •242 -Vol
Z172 J'ne 2 l85HzMarl4 158 Auf 176HzDe«
171 Jan 6 175 Apr > 166 /Apr 174 Oct
105 Jan LI 310HIAU* 8 '^95
Feb 303 Hz De«
13 Hz Jan 17 86
Mar22
83 Hi Jan 17 82 Hi Apr 13
Oct
50 Jan 13 L82 Mari' 136
12
Jan 9 132 Feb > £ll6Hz J'ne 127 Dee
Ian 4
J'ne 186 N01
Mar23
100 " J an 19 167 Augl
Apr 162 J an
Jan 285 J m
285 Jan 12 KJO AuglO
142 Jan 3 148 Marl' '-•' J'ne 142 N01
59 Hi Jan 16 86 J'ly 2n 24 Hi Jan 57 Dec
73 Jan 88 Deo
86 Jan 4 93 J'ne2J
175 Jan 24 IK'jHzJ'nelo 170 J 'ne 175 Apr
3
Apr 3 11 '4 sep 24 Jan
13 Hi Feb 11
5 5 '4 Febl
70HiMar30 62 H Oct 80 'i Jan
Apr '-3 4 NOV
lay 1
j: Hi -Marl
5
AprlT 1-5 Hz May 199 Oct
L95Hi May23 211
165 Jan II loi -i .May25 159 Aug 103 Apr
232 Jan 24
May2 222 Jan 232 Apr
Z05HzJan 6 212 Apr20 108 J'ne 207 Apr
79 Jan 9 102 Feb 14 74 J'ly 80 Hz Feb
77 J'ne27 87
Feb
68 Mai 79 Hi Nov
50 Apr 13 72 Jan 19 29 Aug 73 l4 Dec
15 Jan IS 17 Mar20
50 Jan 5 67 Hz Aug25 40 Jan 42 Feb
..
10
81
. .
Do
Last Sale vfiH Aug'05 Vermont A Mass
102
West End St
9934 102
102
Do pref
113Hz 113Hz 113 H *113
113Hz
•28
29
28
28
137 ?8 139
139 139Hz
138Hzl38Hz *138Hal39Hz
140 14034 140 14034
3334 35 "4
35 Hi 353,
103 103 Hz 103'8 103 7s
•136
BosionAWor Elec Co
Hz
28
23
137 133
137 34 137-H
140 140 Hi
32»4 34
102*4 103 14
•28
1373* 139Hi
28
76
17S
Ronton
Hi
Last Sale
Last Bale 63
Last Sale
2234
Boston
99»4 100
6OH1
96
177
209 H? 209 H X208
/, a s t tal' :6?34
Last Bale $33
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Iowa Div 1st 4s
Debenture 5a
L913
1922
Denver 1.x ten 4s
Nebraska Bxten 4s. ....1927
1921
4s
a
1949
Illinois
Joint bonds Be«Q% Northern
Ohio Jc Ky & Stk Yds 5s .1916
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Ch Mil A Si P Dul> 1> 68.. 1920
Ch M A st P Wis V div 681920
Chic A No Mich 1st su 58.1931
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Eastern 1st gold 6s
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Hold debenture 4s
1916 M-N
Hold 4s
1917 F-A 1024
ACTIVE STOCKS
Thursday
Sept 14
Wednesday
Sept 13
Triesnau
Sept 13
10141O2
MS
Exchanges— Stock Record,
Philadelphia and Baltimore Stock
f«linre I'ricen
i'.
January
i
M-N
L9S4 M-S
gen 4s
Assent oil income- 5s
1984
A- Br 1st 681929
K.nu'st JoAl« 1st 7s.. 1907
i. i: a- Ft sm Id gr Lat7a...l906
Maine Cent cous 1st 7s... L912
cons 1st Is
L912
Marq Hough A Out Lst6a.l926
.m ox loan Central cons 4s.. 19 11
lsl eons Lno3a
Ian L939
Jan 1939
2d eons inc 3a
M 10I1 Telep cons as tr rec. 1929
Muine (ien Klec con g 6s 1929
1929
New KugCot Varn as
1900
N ow IZng Telepu 68
1907
8a
l9os
6a
6s
L916
N Ycfc X Enlist 7s
L905
1st lis
1906
Old Colony cold 4s
1924
Ores; Ky <fc Nav con g 4s.. 1946
1922
Oreg Sh Line 1st g 6s
Repnb Valley 1st s 6s. ..1919
Rutland 1st con gen 4 48.1941
Rutland-Canadian 1st 481949
Savannah Klec 1st cous as. 952
Seattle Eleo 1st g 5s
1980
1'oiTington 1st g 5s
1918
Union 1'ac lilt <fe 1 gr g 4a. 1947
1st lien cony 4a
1911
United Fruit conv gen 5s. 1911
U s steel Corpl0-60yr 58. 1963
A'aniM
since
Salr
L284 J'lie HI
108' Sa'i',:" in
108
11.74 107«a 107«g So;> '08
J
124 1.'5
rJl
lie.. ..1928
1
1024
101
iou4 Mar'05
M-S
M-S
M-S
A-O
A-O
M
Ac
1
126 126
I08 1084
10s 4 1094
109 4 Mar'02
A-O
A-O
A-O
Ft Scot)
Kan C A M Kv
1124 Dec '04
994
KanC
ir.vA-'x
Bang* or
Ask Loir
BiA
deben 5s. ...191c JJ
NdD-couvei t do be 11 6e... 1918 A-O
1st 7s.. 1917 A-O
[a Falls <S Sloai
Kan c rim A Spr Lsl 6s... 1.925 A-O
s
KanC B"1 £ Gull 1st 7s.. 1908 J-I>
Kan c m A
FYb'04
11."-..
I*ricr
l-ruloi,
S,,)t Jo
fc*
Illinois St«M>l
101
Mar'OS
ll'Hj Jan '03
A-O
A-O
M-N
W
Iliijh
L044 Apr "00
Feb '04
994 Jan '02
J-D
W
mi aru
L07
L02
103V
110
J-J
I
hi
117
A-P
M-N
l
BOSTON STOCK BXOH'QB
Wbkk Ending skpt 15
since
'.'4
97 4Aug'o;,
-J
FA
UN
:;
6<
107 4 Sop "05
1907 J-l
194
50
100
98
1084
103
98
1995 X.n
1905
Improvement Is
Bos a Mon 3d issue ?s„ .1904
B*>H
99 Ts Sale
107
or
High Ho Low
Atk Low
sale 100
loll
A-O
si'U g 48.. 1995
I
Bang*
ridav
Srpt .5
Am Boll Telephone
Am Tel en A Tol coll
1
)
89!
BONOS
Sang*
Week's
/•nee
h
/.'in
Aten A
I
Boston Bond Record,
19(>5.
BOSTON STOCK I.VHiil
\S l.l.K I'.NDINIJ SKW 15
Atch
.
Hange lor Previous
Year (1904)
Week
Lowest
Shares
Highest
Highest
Lowest
Baltimore
244
*2i34
24'.
•554
lf*4
K
o
Jo
tr1
894
1-1
O
66
r
654
164 16 J4
1S=>4
8.5 4 864 Consolidated Gas
100
*10641074 Northern Central
50
100
•244 25 seaboard (new)
25
loo
Do 1st pref
89
894 •88
100
Do 2d pref
65 4
654 *55
16 4 '164 lo 34 United By & Electric 50
'55
17
16 34
*52 34
534
27 4
27 4
52 4 53
27
274
17
83 Mayl6 90 Apr 13
25 99 May', 110 Feb 24
520 214 Jan 16 264J'ne30
864
86
107
25
107
25
Mar23
ts:<
90 4 J'ly
474 Jan 24 57
12 4 Apr 24 18
05
:,
57 4 Jan 86 Deo
71 J'ne 109 4 Deo
6
J'ly 10
Mar 3
5 34 J'ne
3 544 Apr 4
May 2 2 284J'ly28
43 J'ne
18 4 May
15 4 Deo
Philadelphia
•i24 534
-7 4 274
114 114
4
114 114
27
27
•5234
27
534
274
is
10S
174
106
714
724 724
Hh
704 714
17'.
IOJ
72
3-<4 6
7o3e70is l6
46
46
*•;
8'he
m
28 4
584 69 4
46
"47
62
97
4
47
-17
1064109
71i 72',
704 72
46
8*8
•28
2»>s
59'4
46 4
47 4
62
98
98
46
84
8»3 lfl
63
984
*10
•40
*17
106
72 4
44
18
44
•17
•luO
83« 81-48
2-
*28
5i' 11
•45 4 46
•47
62
l0
43 4i
4
474
62
984 984
28*.
59J
46
47
62
46
47 4
62
984
983j,
Eaaton Con Electric 't .'o\>
Klec Storage Batt
100
Preferred
100
Bermautown Pa*s
5o
Harrison Bros pref... loo
tndiauapoiis St
100
Indiana Union Tr
100
Insurance Co 01 N A..H
Sm Pow & Chem.50
Keystone Telepnom
60
64
*49
494
S6
E<fc
26
264
30 4
3J
114
114
184
2
-salt,
inia Stec
<fc
Bail wave Genei
Btuviueii Iron &
<i
m
lu
I':
tonop
ih .M
United N
Unit pow
Inlng ol
Nov.
jd
-M-N
la '29 .J-D
Li
li
\
New Con Gas 5a
XV
104
Plid;
L
con
Pas-,
484
I
:
100 4 100 4
107^
107
874
lck Iruiiti: stoel.lu
Westmor.
'
H....5Q
50
89
Inactive Stocks
ius Coaldi lion. 100
Pret
ion
m lanta & Charlotte.. loo
63
Ala
116
115 4
i"iT
llV
160*
Lei"
1014 1014
i
Line
i
•Bid anid asked
prices; no sales on this day.
|
*.
Ex-ngtilo.
u
63 May 19
126% Apr 18
45*4 .Tan
S1
ay
Brewing
102 4 103 4
1004
l.
U24
BB4sl U62M-H
ills 5s J-D
91
150
62
4
'•.
436
90
12 4
88 4
30
99
l«
General :.»
194
Norfolk st 1st 5s '41. ..J -J
.s
Northern:
1926 A-O
A-O
L15
117
Series
Berlea 8
7ll
*,•-/ J p.i.i.
i.\t
Kxt
t
<
6c
Imp
119
19
121
..^.1932
5». 19:;.'
.
.M
I
Si
920
i-J
...J-J
.'.
4
put l; n 'i nir. 6a 1997. J-J
Poto Val 1st 5s 1041. .J-J
Sav FlaAWesi 5s '34 A-O
94 4
\c
\ L4s L950 A-l
Kuan 5s L928.J
lxfc
P
fi
Va Mid
1
U0
paid.
115
117 4
1084 10834
US'-. 116
1
-.
2
4 113
111
112
1 1
123 4 125
115
1154
60 H
31 u
61
32
103
117
116
82 4
834
91
1.1
-I
ioV,'
no
i
pi
119
1
1
IS
17
115
I
IS
114
M N
4
•
I
M-S
1st 48 '49
07
i-
r.'i
1....M s
86 series On 1916.. M-S
L.W 8
.in,
5th aerlea 6a L920.M-S
J..
Funddi
Wi «l
;
i
i
•
i
106
112
I
11
112
-J
98
J-J
J-J
1
110
Lie
J'ne
Ask
114
1
si 4 4S'2!
2d aeries 6s
1
22
I
C El
120
M-N
12 J-D
.no M-N
1982 M-N
Ga< 'arA-X 1st 6a g '29 J-J
leorgia P 1st 6s.. .'22 J.J
Gaso<a Flalet 5s 1945 J-J
G-B-S Brew 8-4a 1951M-8
2d lncouie 5s 1951 M-N
1014 1014
118
1
i
sonih Bound
5a. 1916 M-N
130 J-J
Xov
414 Deo
46 Deo
42 4 Dec
594 Deo
03 Deo
119
105 4 10534
By lsl5s'20F-A 104 4 o.i 4
1
107
10434 106
96
is.. '2«
I
&
I
9
Deo
t34 0ct
1 10 4 Deo
I
95
13
114
93
I
:il
l-.i
440
9
4 4 >>ov
70
Bid
MetSt(Wash)lst58'25FA
\It Ver Cot Duck 1st 5s.
Dcomes
Npt N<SsO P Lsl
163
68
59 4 Doc
Oot
'J.s.\-o
Knox v'l'rac 1st
1st gufi8 42M-S
LakeK
70
94
JJ
ml']
193.1
i
66
35
100
76
98
us 1st 6e '11 M-N
101
M
Jan 17
28
Col <fcGrnvl8tGs. 1916 J-J
Coimol Gas 6s. ..1910 J-D
1939 J-D
5s
i<:\& Ala 1st con 5s '45J-J
88 4
...J-J
uoebt 4a
II
,
1
Doc
Nov
Nov
'•UVifcSub(Was)l8t5.s'48
Bonds
Anafordluifc Pot 5s
Atl A- <:li 1st 7. ..1907 J-J
124 Apr 27
Apr 17
j:iti
.',s
65
loo
100
prel
P.all
Phil Klec cold trust ctls.
irii-'
mi'I
62%Ang24
474Aug22
48 Aug -4
SS^ Feb
2 4 Mar
554 Mai
374 Muy
May
5
8 Jan
19 4 Mar
38 Mar
28 Mar
City<&8abl8t5s..'22J-D
102
.
tlble 5
i
BB
loo
loast L (Conn; 100
'"
on
loo
Cons Cot Duck Corp. ..60
pi ferred
60
ii Bon 6c Fla...lO0
1'ii-r
loo
oa
-
Peop
""II
614
'
64
M
97 4
87 4
113 34
Oct
Aug 12
BAi/n.HOltE
Cl
BALTl.MOltE
eiT'-O
1
'
t
M-N
Penn
ac Puts..
Trac ind gen 68*1 9. J-J
KysTrcUs4s'49J<ftJ
U Trac Pit gen 5s '97 J-J
ibach s 5s 1930.J-D
Wlks-B G<fcEcon5s'55J-J
i
\.-i,
1
(ien M 4s g 1920..A&O
Ph & Bead 2d 5s '33.A-U 125 126
Con M 7s 1911
J-D 117 4 118
Con M 68 K 1911. ...J-D 1124
hx Imp M 4s g '47. A-O 106
Con M of '82 4s '37.J-J
Terminal 5a g 1941. Q-F 126"
P
& B col tr 4s '21. J-J 103
Koch Ky& Leon 5s '54 J-J
L'n
Nov
1
ChasCityKy 1st 5s '23 J-J 105 107
ChasByG* E15s'99M-s 924 95 4
Cliarl C <fc A ext 5s. '09 J -J 119 4
2d 78
1910 A-O 1)0
W
109 4 109 4
i
.00
i
174 Jan 27
49 Jan 26
25 4 Mar 4
o 112
Ask
Bid
M 5 g '20. A-O
^ei)
:,
J I'.U <t C..I01.
<fc
100 4 J'ly
PLlll^\UEM'l-iIA
& E
948 J-D
Dooms 4a 989... M-N
XoOhloTrso oom n'i '..1-j
99 4 NO Penn 1st 4s '36.. M-N
34
4
Penn %tm 6s r 1910. .Var
Coi14
..Var
14 14 Penn A *t
l-a da N V Can 7» '06 J-D
4
\<
,)ii 5a L98H
184 I334
4-"
1684
60
lo
I..J-J
-
1
I.
ilia"
>,or;
Phila Traction
VC
Newark
I
German
ii9»4
44b g.l924.Q-F 110
Annuity 6s
24
.
PrcloiiKU
Phila Co Pitts) pr.
Phil
M
V ext 4a 1st 194a. J-D
20 7a L910
Consoi 6s 1923
J-D
4 Leh
104
108
I'oiiii.-;.
90 a4
I-
Gen
14
10o'< 104
M-N
<fc
Indianapolis By 48.1938
Interstate 48 1943 ..F-A
Nav 44s '14.Q-1
BBS 4s g
1914. Q
I. i-ii
Iron <fc steel.
Koilhein Central
50
Pennsylvania
Ask
P
5s 1920
4 Jan 25 124 Feb 20
10 Jan 9
442 384 J'ue2o
190 14 4 May24
B
264
7 J4 Feb 114
5 4 J'ly 14 4
20 Aug 44 4
37,
Lehigh
25
66
North
Bid
Peo Tr stk tr ctls
Ko II Gas-Llstg5o 1028
II it B Top cou 5s "25 A-O
Schuyl H..50
M Haven
AlstM
Elec
10
7,
Che & D Can 1st 5s '16 J-J
Clioc&MolstSs 1949 J-J
ChOk&G gen 5s'19 J-J
Col St Ky 1st con 5s 1932
Con Trac of X J 1st 5s.'33
86
2434
94s 94 Philadelphia Electric*. 25 14.43S 8 J'ne 5
"34 284 Phila itapid Transit*.. 50
275 fl734 Jan 4
59 4;9Hi6 Beading
5o 34,778 394 Jan 13
Do 1st pref
50
22 45 May20
45 4 45 4
*47
Do 2d pief
50
347 42 Jan 9
474
Union Tracton
62
827 584 Mar 9
50
61
50 3,201 90 J'ne 5
984 <JS United Gas Impt
-20
We.lsbach Co
23
100
20 Feb 2b
9«i 6
Bethle Steel 6s 1998. U-b
62
6c
284
Berg&EBrw 1st 6s'21 J-J
lo
50
MHiehUi
9
28 4
59 4 59l5i6
*45 4 46
•4,4 4734
•614 62
98 4 984
Al Val E ext 7s 1910 A-O
AmBysconvSs 1911. J-D
Atl City 1st 68 g '19. M-N
Balls Ter 1st 5s 1926. J-D
634
59 4
KeystoneWatcbCase.100
Lit Brothers
Little Schuvlk HI
47 4
Jan
48
72 4 Lehigh Valley
iionds
lo
5o
60
Preferred
37*
46 34
119
1,759
1.778
50 4,61 1 52 4 Jan 9 74 34 Angl 4
5''4 Jan 17
Marsden Co
100
430
3 J'ne 1
„
50 3.810 85i3 la May 2 2 73 4 Aug23
714 72 Pennsylvania KB
47
47^ Philadelp'a Co (Pittsb) 50 16,490 40-»4 Jan 25 4s4.Mai"27
72 4
714 72
84
.
50
534 American Railways
50
274 27-4 Cambria Steel
114 114 Electric Co of America 10
•11
12 Gen Asphalt tr ctls
100
43
44
Do prettrctfs
100
100
17 4 174 Lake Superior Corp
*106 108 Lemgh U & Xav tr ctfs. 60
PIIIIjADEI.PHIA
Central Coal <fc Coke. 100
Preferred
100
5o
Consoi Trac Pills
Preferred
60
Diamond stale Sleel.,10
Preferred
10
Inter
44
17
109
72 4 73
17
724
Inactive .""locks
American Cement
BeU Telephone
una Iron
12
106
109
84
Us4
594
Hid
I'HL1.adi::.p;iia
"10
43
12
Is
H4
114
714o71l3ie
46 4 46 J4
4 46 4
584
H4
114
114 114
*53
10
ll'J
1
104
THE DHRONTCLE.
89^
Volume
Business at Stock Exchanges
oi
TRANSACTIONS AT THE
DAILY.
NEW YOKE
WEEKLY AND YEARLY
.Stocks
Week enUimi
Railroad
Sept 15
lyvS
haus
$736,600
r,id,875
58,056,000
87,298,460
65.719.900
75,117,800
48,487.200
1,186,000
2,262.500
486,504)
2,0')7,500
1,08 -".000
1,826,000
2.816.000
819,000
312,000
1
to
Sept 15
— N o.suares
179,580,088
86,789,838
$8,045,054,225
$461,600
$616,800
6,076,741
3.872,663
$363,722,860 $553,605,800
$4,300
$78,800
shares, par..
$16,054,558.17.',
bonds
$3,514,600
10.874,500
1,559,600
25,779,000
S406.400
147,205,650
616,305,100
$14,389,000
$27,338,900
$763,917,150
$400
Government bondsBR. and mis.
bond;
Total bonds
1904
1905
1904
1906
*518,080
8,885,740
498,333,400
$507,737,220
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Sept 15
Bond
sales
Unlisted
shares
Listed
shares
24,175
111,301
66,273
$183,800
84,601
119,411
$238,300
Outside Securities
be
Hobokeu
76
found on a preceding page.
B&NYlstOs 19U.J-J
N Y & E R Ferry stk. loo
1st 5s 1922
M-N
N Y<fc Hob con 5s'46.J-D
Hob Fy 1st 5s 1946 .M-N
N Y & N J 1st 5s 1946. J -J
NY & So B lykn Ferry&St
2
105
70
93
{109
{110"2
{106
1906M-N
08
23d Sts Ferry 100
1st mort 5s 1919.. .J-D
U Union Ferry stock .100
Hist 5s 1920
M-N
40
ii
1st 5s
<fe
{
Street Railways
^id Ask
Bid
Lynn<& Bos 1st 5s '24.J-D {110
CITY
New Orl Ry8<fe Light.100 36*4
Preferred
32
36
100
79
Bleeck St & Pol F stk 100
93
98
New 4*28
{ 90*2
Hist mort 4s 1950 ..J -J
flB'y & 7th Ave stk ..100 242*2 245*2 North Chic Street See C hicago
Pub Serv Corp of N J100 115
H2d mort 6s 1914 ...J -J 104 107
Tr ctfa 2% to 6% perpet 69
Con 6s 1943 See Stock Exch list
Coll trust 6s gold notes
B'waySurtl8t5sgu 1924 {108 110
1909 optional.. ..M-N {96-4
UCeut'l Crosst'n stk. .100 340 360
...M-N
North Jersey St By 100
{117
121
27
UlstH 6s 1922
Ist4sl948
M-N {77*2
flCenPkN&ERstk.lOO 205 210
ConsTraoof J...10O 83 *2
flChr*fr& 10th St stk 100 175 185
1st 6s 1933
J-I) {109*2
CoUfc 9th Ave 5s See Stock Exch list
New'kPasRy5s'30J-J {114
Dry D E B & 3—
Rapid Tran St Ry..l00 255
Hist gold 6s 1932...J-D 112 115
102
1st 5s 1921
A-O {109
flScrip 6s 1914....F-A 100
385 400
J C Hob & Patersonl 00
24
T| Eighth Avenue stk.100
4s
11)49
....F-A
103
M-N
{76*2
g
HScrip 6s 1914
So J Gas EI& TraolOO 126
1)42d<feGrStFJ ystk..l00 400 410
Gu g 5s 1953
70
M-S {102*2
42dStM <fc StN AV..100 60
109
No HudCoRy6s'14J-J J 1 13
111st mort 6s 1910 .M-S 107
J-J
66
86
6s
1928
6s
1915
J-J {111
1]2d income
Ext 5s 1924
M-N {105
IriterboroughRapTr.loo 216 218
Pat City con 6s '31.J-D {124
Lex Av & Pav F5s 6'eeSt k Exc list
2d 6s... .1914 opt A-O {100
Metropol Securities See Stk E X list
Stk
K
list
So
Side El (Chic)
x
street
By
See
see C liicago
Metropol
Syracuse Rap Tr 5s 1946 {108
Ninth Avenue stock. 100 185 200
Trent P <fc
5s 1943J-D {103
Second Avenue stocklOO 205 210
United Rys of St
103
"[list mort 6s 1909 M-N {102
Com vot ir ctfs
F-A {116 116
100
29 34
Consoles 1948
^Preferred
80 8g
100
Sixth Avenue stock 100 170 178
Gen 4s 1934
6'eeStk Exch
E ou Boulev 6s 1946. .J-J {102 106
U nit RysSan Fran SeeStk Exch
So Fer 1st 5s 1919. ..A-O {106 108
Wash Ry & El Co.. ..100 42?8
Third Avenue See Stock Exch list
Preferred
loo
P & M 6s 1928 { 105 108
Tarry
93*i
4s 1951
90'g
XkersStRR5sl946A-0 $105 108
J-D
'96
*2
111
1]West
Chicago
112
St
{
100
45
28th <fc 29th Sts 1st 5s
UCong 5s 1936....M-A 81
tiTwenty-Th'd St stk 100 395 415
J-J
100 101
Deb 5s 1906
Union Ry 1st 6s 1942 F-A {110*2 112*2
Gas Securities
113
We8tchestlst6s'43J-J {110
NEW YORK
N
H
W
I
"82
10
6
30
67
&
6
Ask
112*2
37
80*,
90»4
list
118
70
72
110
111
108
Alb
<ft Snsq 40yr 3 *2S cts {113
115
Chic Peo & si L pret.loo
2*2
Deposited stock
4
Undeposited stock
2
4
Prior lien g4 *28'30M<feS 106
109
92
Con mtg g 6s 1930.J&J
96
Income 5s 1930
16
IIFort
Worth
&
Denver
City stamped
73
100
97*2 Northern Securities.. 100 185
190
362*2 38/ *s
Stubs
Pitts Bess <fc L E
78
60 t 33
36
Preferred
84
50 t 74
77
111
Seaboard Air Line
Coll
ir 5s 1907 op. ..M-S
99 101
114*s
260
SeaboardUo.... See Bait Exch list
Va <fc South western., loo 60
90
Industrial
23
Am
30
81
list
list
43
93%
91
55
85
MaltinttOs 1914. J-D
Id
Amer Press Assoc'n.100
Soda Foun com. .100
1st preferred
loo
2d preferred
100
American .surety
5u
American Nickel
Am
American Thread pref..5
Am Tobacco (uew> com..
Preld
See stock
4s and 6s
See Stk
Typeto'ra com... loo
Preferred
100
Am
6
8
42
35
63*2
i07~
loi
t
'
t
»ie
25
3?8
5
>«
25 *i
4
7
167
27
30
{94
83
96
88
12
36
24
36
76
26
40
80
107
110
*2
1
26
35
2
5
M-S
{102*2 103**9
3*2
5
100
Preferred
26
100
Hudson Realty
110
Ingersoll-Rand pret. 00
80
lnternat'lBankingColOO 168
Int'n'lMerc Marine. 100
13»4
Preferred
32 >a
1 00
Col tr deb 4 *2l922op'07
82"(.
27*2
International Salt
100
1st g os 1951
66
International Silver. 100
7
Preferred
47
loo
1st 68 1948
J-D {107
Lackawanna Steel. ..loo 75
Lanston Monotype
20 t 16»b
Lawyers Alort lnsur.100 192
5Leh.fc Wilkesb Coal.5o
45
Lord & Taylor
100 10J»«
Preferred
loo 100
HLoraiard (P)prel ...loo 140
Mack v Companies ..loo 40»4
Preferred
73
loo
Madison Sq Garden. .100
20
2d 6s 1919
M-N 70
UManhatt Beach Co.100
9
Manhattan Transit
2»4
20
Mex Nat Construe. pf 100 13
Mine
Securities
Mitchell Milling
35
>
5
32»4
82 **•
29
70
10
50
108
78
16
195
.
115
106
<
160
4i*»;
73V
25
i
90 a
13
3
17
<
.
7*4
10
Preferred
50
Mont <fc Boston Consol .5
24*4
Mortgage Bond Co... loo 114
Mosler Safe Co
100
Nat Bank of Cuba
100
dO
1(New York Dock
11*2
70*2
N Y
100
100
loo
Transportation. ..20
Niles-Bera't-Pond pf.100
preferred
f
Nor Am Lum'r&PulploO
103
65
164
14
Monongahela R Coal. .50
N YMtge<& Securily.100
130
h
130
42
105
183
25
70
8
110
116
100 ;
115 1
-
142
45 I
29 ?,]
77 S
"T*»?
3
HOntario Silver
2
100
Otis Elevator com
60
63 >f
100
x list
Preferred
100 lu7 109
ll'O
106*2 Phoenix Securities
3*«
3\]
1*4
1 34 Pittsburg Brewing
50 t 26^ 26*,'
95
102 *v
Preferred
50 t 47*4
2
4
Pittsburg Coal See Stock Exch list
67
62
5
6
Pope Manutacturing.loo
7
10
1st preferred
75
76 3
100
195 200
204;
2d preferred.
19
loo
104
I334
101
4*a| Pratt <fc Whitn pref..l00
315 325
Realty Assoc (Bklyn) 100 170
180 :
Exoh list Royal Bak Powd pref .100 110 112
Exch list Russell & Erwin
63
25 t 61
35
40
Safety Car Heat 4> Lt 100 295
99 lul
645
615
Smser Mtg Co
100
4»4
5
Standard CoupiercorulOO
35
30
20 "2 30
Preferred
loo 120
8*»
7*2
8*
88
Standard Milling Co.100
29*2 30
31
34
Preferred
100
90
.:
.'
1
.
1
NKW YORK
Amer Writing Paper.100
Cent Union Gas 1st 5s... {
Prelerred
......100
t 108*2
Con Gas (N Y)stk. See St k Exc h list
J-J
5s 1919
1909.
103*2
Conv
deb
Ave
5s
.A-O
{102
6s
ctfs
Atlan
SeeSik Exch list
Arizona Con Mining.. .60
A-O 112 114
2
Con 5s g 1931
H Mutual Gas
Baldomero Mining
loo 280' 300
5
New Amsterdam Gas
17 "2 22
Inipt 6s See Stock Exc h list
Barney & Sin Car ... 100
E6s 1933..AO 100 101
1st consol 5s 1948. .J-J {111** 112
130
Preferred
B
100 125
30
31
Brooklyn City stock... 10 240 243
N Y & East River Gas—
Bethl'm Steel Corp.. .100
87*2
1st 5s 1944
Con 6s See Stock Exch list
Preferred
J-J {112
100
115
103
Consol 5s 1945
Bkln Crosstn 6s 1908. J-J 102
CoU.tr. g.s.f. da 1914.
J-J {107
no
BknHgtslst5s 1041 A-O 104 105 N Y & Richmond Gas. 100 36
Bliss Company com
60 141 147
Nor Un 1st 5s 1927. M-N {105 107
Bkln Q Co & Sub See Stk Exch list
Preferred
50 130 145
Bklyn Rap Tran See Stk Exch list
130 150
Bond<fc Mtg Guar
loo 405 420
1] Standard Gas com ..loo
178
^Preferred
HConey Is. & Bklyn ..100 300 320
Borden's Cond Milk.. 100 173
loo 155 170
99
1st 6s 1930
1st cons g 4s 1948. .J-J
100
Preferred
M-N 109 112
100 112 115
8°g
8-8
BrkCtfc N 6s 1939.J-J 113 116
Britiah col Copper
5
GrSt&Newl8t58'06F.A 100
Camden Land
3
he a 1_ 8
BROOKLYN
**
**
t
UNew Central Coal
20
N Y Biscuit 6s 1911. M-S
and Miscel
Alliance Realty
100 125
1|Amer Bank Note Co. 50 t 75
American Can com... 100
11%
106*2
69*2
Preferred
100
American Chicle Co. .100 134
Preferred
loo 100
list
Am uraphophonecom.li' f 50
Preferred
io t 85
105
Am ice Securities
See Stk E
h
l*i
21
25
17
imploo 200
National Surety
77*4
127
104
-
35
72
1
101
55
9^
33
y7
95
29
lJ
5
106
Railroad
Street Hallways
ljand
I
J
"64>5
64
100*2 «»
140
......
100
1910
Houston Oil
Brooklyn Ferry stocklOO
Trans
Market will
75*2
Ferry Companies
$9,700
13,200
45,000
51,000
73,600
45,800
of Outside
?
8]
12 »«
L
1,5s
5,052
26,118
33.420
22.506
24,505
7,810
Weekly Review
J-D
7*
32
10
30
27
100
Electric Boat
N
10th
A
28
Y&N
48 1949
6.162
12,526
10,433
10,071
30,104
15,305
Friday
:
2*2
Match Co. loo
Dominion Copper
1
Dominion securities. 10<i
Douglas Copper
5
H <& Pow —
Ask
aid
H Diamond
sales
$3,000
34,000
29,^00
66,000
7,000
44,000
21,91'J
HCrucible .--teel
*i Preferrou
Cuban 68 oj 1896
100
os 1938
Preferred
A-O {108 112
100
3
6
Electric Lead Beduc'u.50
MO& IndCNatcfc 111.100
23
1st 6s 1926
26
Preferred
J-I)
50
Patcfc Pas Gaa & EleclOO
73
75
Electric Vehicle
loo
Preferred
1: Con g 5s
1949
M-S {106*2 107*2
loo
it Joseph Gas 5s 1937.J-J { 99
101
Electro-Pneum'ic TranlO
Empire Steel
100
Preferred
Telejrr
loo
Telephone
^General Chemical ..100
5AmerTeleg& Cable 10o 90
93
1) Preferred
loo
flCentral & So Amer. 100 130
140
Gold Hill Copper
1
Commer Un Tel (N Y).25 115
Greene Con Copper. ..10
Emp & Bay State Tel 100 79
81
Greene Consol Gold... 10
Franklin
47
100
63
Greene Gold.silver.... 1')
fiGold & Stock
100 124
130
ijUir^enheimExplo'D.l 10
Hudson River Toleph 100
85
90
HackensackMeailowslOO
UN
J Teleph....O0 168
172
Hackensack Water Co
125
IJNorthwestern Teleg. 50
128
Ret g 48 52 op 12. ..J-J
Pacific <fc Atlantic
80
25
Hall Signal Co
85
loo
104
Havana Commercial. 100
H Southern <fe Atlantic 26 102
Preferred
loo
Havana Tobacco Co.. 100
Electric Companies
Preferred
100
Chicago Edison Co See C liicago list
1st g 5s June 1 '22.J-D
IlKingsCo ElL&PColOO 195 205
Hecker-Jones-Jew'l Mill
Narraean (Prov) El Co 50 1100
1st 6s 1922
M-te
60
Herring- Hall-Marvin 100
ElL&PowColOO 65
85
Preferred
90
100
1st prelerred
loo
25
United Electric of
2d preferred
J 100
100
Bond
4,069
8,873
14,444
9,635
12,148
6,804
9,^57
14,8(6
24,753
15,721
Wednesday .
Total
Unlisted
shares
lAsted
share'
iyu5
Industrial anil >li«cei
Cons Ry Ltgi-Refng.100
Consol Rubber Tire.. 100
Debenture 4s
Cons Storage KatlerylOu
Cramps' SI) A; En Bldgloo
50
55
{ 104 Vj 105
Jackson Gas 5s g '37. A-O { 99 102
Kansas City Gas
100
40
50
1il*a.clede Gaa
103
loo
UPrelerred
loo
95
110
Laray'eGa8lst6s'24.M..N
30
86
Log&WabVlst i;.s'25.J-D 23
26
Madto n Ga»6s L926.A-0 {106 110
Newark Gas 0« 1944. Q-J {137 138
Xewark Consol Gas. .100 90
91
llCon g5s 1948
S.i) {111
NY&Q
Philadelphia
Boston
Week ending
A SH
Bid
&
Stock
Par vaiue
Bank
536.500
January
Unn Securities
Indianapolis Gas
50
1st g 6s l'.)52
A-O
No Hudson L
$10,874,500 $3,614,500
Week ending Sept IS
at
Exchange
Stocks
242,500
$29,042,1*00
3.872,663 $363,722,850
New York
Bonds
313.879
934,156
683.684
793,928
606,142
Wednesday
Thursday
v a
Male
Bonds
ice
Bonds
far value
Shares
STOCK EXCHANGE
[Vol. lvyii.
!
*.
:
80*2
5s
81*4.
Standard Oil of N J. .100 635 640
Storage Power
1l
50
Swift <fe Co See Boston St k Exc ii'ge
104
1st 5s 1910-1914
3-3 {102
Ai
Tennessee Copper
25 f 31
80
70
flTexas & Pacific Coal 100
1st 6s 1908
A-O {105 no -•
195
Title Ins Co of N Y'..100 190
Tonapah Min (Nevada). 1 r 13*2 14
23
2o
TrenionPotteriea comlOO
Preferred new
98 101
100
65 1
Trow Directory new.. loo 50
OTHER CITIES
3
6
Gr'ptifcLorlmer St 1st 6s 102
Union Copper. ..
com.. 100
Casein Co of
10 t 1 B 16 l n l«
87
I
Elevated
75
Union
83
Typewr
Kings Co.
Amer Light & Tract. 100 101 102
com.. 100
Preferred
100
135
1st preferred
Preferred
1st 4s 1949 See Stock Exch list
100 120 121 j
loo 103*2 104*2 Casualty Co of America
116 J
2d preferred
100
75
Bay State Gas
Nassau Eleo pre!
»
*4
loo 114
Celluloid Co
100 131 135
50
36*«:
15
19
United Copper
36
A-O 110 113
Binghamton Gas 5s 1938 {98" 100
100
6s 1944
Cent Fireworka com. 100
63
76 i
72
Preferred
74
See St k Exc h list Brooklyn Union Gas deb
1st 4s 1961
100
Preferred
100
3*4
4*« U S. Casualty
100 200
N Wb'g<fe Flat 1st ex 4*28 101 104
6s 1909 conv '07. ..M-S 170 180
Central Foundry
100
20*2 21
27 "30J
Steinway 1st 6s 1922.J-J {119 121
BuffaloCityGasstocklOO
U S Envelope com. ..100
Preferred
100
8
9
89 i
80
88
81
100
1st 5s 1947 See Stook Exoh Bat
Deb 6s 1919 op '01M-N
Tl Prelerred
StkE
list
76*2 77%.
x
Rubber
2d
pf
(wi)
Consol
U
S
100
Gas
of
Leather
See
N J....
Central
OTHER CITIES
1st 6a 1936
100 158 164
U S Steel Corporation
(Jentury Realty
.JJ {94
95
Coltrsf58'51opt'll.. {112% 113W
Buffalo Street Ry—
Consumers' L H <fe Pow—
Cnesebrough Mfg Co 100 440 480
106*2
110
Coltrsf 5s '51 not opt.. {1121a 114
1st consol 6s 1931.. F-A {110*2 113
6s 1938
City Investing Co...
J-D {110
3
104
U
S Tit Gu<fe Indem.100 126 130 .j
Deb 6s 1917
A.O {104 107 UDetroit City Gas
(H
B)
com....l00
UGlattin
60 tlo3
94*2
6
Universal FireExt'r.lOO
Eliiabeth Gaa LtCo.,100 275 326
See C hicago Hat
100
Chicago City By
1]lst prelerred
98
Universal Tobacco... 100
Essex & Hudson Gaa 100 127 128
100
H
Columbus (O) St By..l00 99 >2 102
1l2d preferred
Ex
list
a
t
Preferred
100
Preferred
100 108*2 110*2 Fort Wayne 6s 1926.. J -J
Colo Industrial. See Stoc
44
48
•i
80
Westchester
65
Bronx
<fc
Hock
Coahfe
1
pf
100
Colum By con 6s See Ph Ua list
Gaa & El Bergen Co.. 100 63
&
Col
62
80
£5
Title & Mort Guar Co. 177*2
J-J
Grand Bapids Gas
Orosat'wnlst5s'33.J-D 109 111
1st g 5s 1917
3
Westingh Air Brake. .50 1150 *s
Grand Rapids Ry....lOO
60
Hist 6a 1915
Compressed Air Co.. .100
65
F-A }ioa 104
'is
i
»4
1
White Knob Min (w x)
60
65
Hudson Co Gas
Preferred
100 86
90
100 no 110*2 Consolid Car Heating 100
i«
Preferred (w i)
l«e
Indiana, Nat <fc III Gas—
Lake St (Chle) Bl Bee C hicago liat
HCons Firew*kB oom .100 20
Worthine Pumppref.100 118 123
65
70
100
1st 6a 1908
HLouisv St 6s 1930.. J <fc J {113*2 115
M-N 23
26
II Preferred
security
I Buyer pays accrued interest. 1 Price per share. *Salepnce. a Ex rights. zExdlT, INewstock. i| sells on Stook Bxchange, but not a very active
B& W
'
11
t
V
Am
.
-
!
.
.
THE
-
...
•
ms.]
ie
-r.
;
893
ClilU'NK'LK.
Investment and Hailvoad Intelligence.
RAILROAD GROSS EARNINGS.
•
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the groea earnings for the latest week or month, nil the ist two
columns the earnings for the period from July 1 to and including such latest week or month. Wo a 11 a supplementary
statement to show the fiscal year totals of those roads whoso liM'al year doos not begin with July, but covers soma other
The return*, or the street railway* ore brought together separately on <i snhseijuent page.
period.
I
•
ROADS
ftll
or
hummus
rots
l
Wl
Month
July
Previous
Year
\
1
to
Current
Year
Latest iH-uss harntaijs
Latest l>a(c
UOADS
Previous
Year
or
Week
Month
Cii rrent
I'revlous
Year
Year
a
*
m
see Soutln rn Ry. Sy teal be'.o W.
Ala Ot Soatherc
AlaN o
NO*
I'liiiiic
Ithwk Au.k-
.v
SO
K:i>t
Ala & VlcksbV Itnwk Ann
V1ek*t> Bh .v i\ Ithwk Au
Allegheny Valle> Jime
j.
Ann
3dwk
Art»or
Atch Top A S
Atlanta
&
(.'bar..
it.
htc.
77.381
41.061
44.545
90.509
33,532
32.00a
5.634.9 13 4,742,83(1
Jul)
July
t-V
June
300.113
872,892
25.407
£3.374
Atlantic A Hir... ithwk Au»r
1.689.913 1.475.0S7
All Coast Line... .iuly
15.640
15.812
Bait A Ann S L.. .1 ii e
5,768.830 5,274.54
July
Bait* Ohio
153.-1167,792
liny
Bangor A Axoosl
5.634
4,653
Bellefoute Oent'l lune
5.313
4,397
Bruli:t A Saco li. luly
'
Bull
Koch*
ctCCc isi
wkSept
Butlalo ASusq... Juiy. ...
Cal North w'n. ... \lli.'USt ..
Canailian North istwk sept
Canadian
Pacliii
IstwkSept
Cent'l or Cleor^ii. 1st we oepi
Cent'lotN Jenej luly. ...
Chattan soutu'u.
Ohes&p A Ohio...
Chio A Alton Ry.
Ohio (it Western
Chlo Ind & L'v...
Chio MIItc A 11
Chic A North \V
Chio St P At AO.
Chic Term Tr KL
Cln N O A T Pac.
1
IstwkSept
lulv
July
Istwk 8ept
Istwk cepi
July
Jiy
159.708 172.34110.573
B0.3K>
lo0,974 15S.335
73,400
62,600
1.050.000 990,000
07.900 137,600
2.071,75a 1,921.055
2.150
2,34
1.775.613 1,671.503
930.637 947,140
151,933 147,970
Ho.704 109.949
3.955.6S7 4,002,220
1,923.300 4.625,030
919.134 847,821
31,730
28.976
421,874
186,920
172,363
377,912
198.836
207. O90
115,466
102,779
107.682
5.684,913 4,742,836
3,688,488 3,523,918
•
I
-
.
t
•
KiGKKilTIA OK
2d week June (42 roads)...
8d wwk Jun*< (41 roads)..
4th week June t43 tOMte)
.
week July
2d week July
3d weekjaly
1st
(39
,40
(41
wt-ek
4th
July i44
1st week Aug. (41
week
Sd week
4th week
1st week
2<t
roads)...
roads)...
roadB)...
roails)...
roads)...
Aug. ill mads)...
Aug. (41 rutulal...
Aug. (43 roa<ls)...
Sept 36 roads)...
Current Year Previous Y'ar
9
7.936,328
7,911.463
11.003,290
7.375.914
7,864.915
8,24
-
12,024.707
B.053,712
8,210.553
8,368.751
13.342.178
8,110,911
7,500.339
7.471.193
1(1.6 12,246
7,065.765
7,168.544
7,4..
10,977,932
7.455.4-:)
7.841.740
7.992,642
12.770,603
7.774.792
1,764.084
233,715
1,104,370
15,911
514,732
6,035
17.400
3,064,538
80.437
1,392,947
528. 9S1
3,930.445
2,7.4
m
whicn
614.43S
2,321,575
174,556
6.861,123
731.722
290,159
6,941.148,
366.453
7,310.606
339.829
555.477
8,019.392
50,418
1,615.-14
975,025
1,017.601
451,711
144,3 .475.299
5.096,211
2,556,546
3S.359
66,128
58,397
G.877,0.17
20,105
410,541
18,865
24,835
1,976,813
570,806
883,200
150
124,151
562.686
1.38(3
3.267,753
7,-'.1.3j-
347.-8,211,612
.
86,241
Inc. or Dec.
I
/'.
\
;
(
August...
,
,
,
,
,
<;
.
W
VARIOUS FISCAL YEARS
Previous
Year
1.GS0.496
2,027,530
38.57S
1,746
2,2,-0.-07
43,05;i
3.73;!
15,281,493 13,76 1,836
70S„V2:(
10,806
180,261
196.816
2,127,747 1,805,724
-5:1,015
.s:;s,315
0,460.949
17,515
6,199,274
10,831,703
8,442,561'
18,141
5,902,971;
9,481,103
070 700
Ine.
i
1.168.378
7,643,850
1,908,510
1,231.077,852,73s
2,146,611
10.09
3,098, 278
1.844,997
4,943,275
7,928;
2,601,437,
2,337,939
4,999,376
127,989
144,256
574.755
102,824
3.S71.336
2,494,364
133,818
3,156,844
534,569
80,318
3,033,998
2,414.451
91.795'
2.783.503
1,551.179
1,120,365
229,361
8,139,177
1,517,539;
971.245
223,301
1
7,130,559
9.069.65H
1.548.104
1,278,793
585,7;0
279.721
8,698,478
1,406,77*
136,590
101.992;
1,868,569:
1,183,567!
511.259
266,614
1,804,629
23,000
6,171
326,52
240,796
24,600
7,9871
365,3 10
246.8321
717,666:
56,760
4,665,602
97,523
782,807
56,741
5,455,712
153,13b
4,762,646
5,135,291;
3,633,097'
3,900.247
655,281
1,001,243
12.170
17,799
610,131
826,644
4,110
17,479
5,921,096!
6.085. 111>
13,771
11.527
1.102.390
089.691
Previous
Current
Year
Period
Year
I
Allegheny Valley
Jan.
to
Mar.
Dec.
Jan.
Cl C. O. A St. Louis
Jan.
Peoria A Eastern
Jan.
International &Gt North'n.. Jan.
lutt-ro'-eanio ot Mexico
Jan.
Lake. Erie & Western
Jan.
Manistee & North Eastern.. Jan.
M.tuistique
Jan.
and & Pennsylvania.. Mar.
Mexican International .. .. Jan.
dexloan Railway
Jan.
Mexican Southern
Jan.
dissouri Pacillc
Jan.
Central Branch
Jan.
Total
Jan.
National Kit of Mexico
Jan.
New York Central
Ian.
Northern Cen ral
Jan.
ePennsy., Last of p a E*.
Jan.
to
lo
Atlanta ACharl Air Line
Atlantic & Birmingham
LJellefonte Central
;
;
!
i
Wo;
AB
Baltimore A Wash
Philadelphia a Erie
in Ohio A st Louis
ramie J unction
ex as A Pacific
\V.--t Jersey A Seashore
it
\ US— Week ly and
MONTHLY 8UMMAKIES
(
ol
1"
1
.
M
Jan.
Ian.
.Jan.
Jan.
Deo.
Jan.
Jan.
Inc. $41 9.753
June 30
June 30 fl.244.22i $1,149,514
677.410
476,103
July 31
i!9,480
29,455
.June 30
July 31 12,121.935 11,703,905
July 31 1,520,796 1,757,392
Sept. 7 3,9 2 1.89S 3,330,462
Sept. 7 4,345,559 4.2-,7,728
June 30 2,277.854 2,325,228
220,426
237.109
June 30
66.990
54.827,
Aug. 31
137,565
124,897.
Juiy 31
July 31 3,751.132 4.132,410
Aug. 26 4.093,300 3,999,100
761,010
Aug. 21
792.284
Sept 7 26,854.414 27,420,369
Sept. 7 1,205,973 1,152,250
Sept 7 28,060,387 28,572,019
Sept. 7 8,391,152 7,920,977
Aug. 31 54,471.056 50.237,091
July 31 5,849.109 5.716,809
July 31 73,216,379 66,176.779
Inc. 3,9 5 ,900
July 31
July 31 8,303,989 7,741,089
J une 30 3,645,092 3.4,0.660
July 31 14,685.536 13.526,670
June 30
307,886
311.036
Sept 7 7.450,614 7.3O5.360
Juiy 31 2.1S7.633 2.385,633
to
to
!0
to
to
to
lo
to
10
to
to
to
to
to
to
to
to
to
lo
to
to
lo
to
to
to
to
1
Uoiill.lv.
Current Year PrevUnuWar
Inc. or
Dec \P.O\
* 435.989 581 Month Sept 1904
(124 rds) 151,475,024 147,338,536 +4,136,488 2-8t
(1-J4 rds.) 159.732,959 154.75K.022
1,074.337 3-211
Nov. 1904 (124 rds.) 154,304.117,140,909,470
18.394,641 9-5M
Oec. 1904 (128 nU.) 140.748,102 136,889.640
0,858,462 7*20
Jan. 1905 (116 rds.) 127.073.058: 1 19.220.07f +7,852,980 6-58)
Keb. I.1O5 (1 17 rds.) 113.71 1,506 117.252.135 —3.537.629 30S
Mar. I.105 ills rds.) 143.622.857 180.879.546 (.12,748,31 I>9-73
Apr. 1006 (115 nla.) 136.595.-03 127.237.317
\ 0.358.551 7*88]
May 1905 ills rds.) 144. 103, 250 129.712.739 14.:t90.5I7,I11
June 1905 (lOi rds.) 125.942.575 14.815.03.
1.007.543 0*
Alouihjuiy 1905 ( 55 rds.) 50,14 1,735 46.650,20'.
f-3. 1 -15.443 7 4
•'11,051 5*1 J
Mouth Aug. 1905 ( 66 rds.) 58,859,4 31 55, 955, 430
Month
Mouth
Monih
+ 310.149
000.371 9 71 Mouth
+784.039 10 65 Month
+ 1.046,775 9-53 Month
Month
+509,229 80
+ 30-.- i.i 74 Month
1-75
Mourh
4 376.109
4.44o.'27o 5-»7
+391,044
.!
(,-
-t
Oct I9(u
!
i
I
.
1
1
I
1
+ 571.57.. 4'47
+ 336.119 4-32
1
JAlexicau ourreuoy.
6 Includes the Hous. A Tex. Cent, an! in mum I. lin-»» In ooti ve»rs.
• Co vers lloea directly
Chicago A Eastern Illinois in both years.
k Atlanta Knoxvllle ,t Northern Included In both years sJaM April 1;
L y Loss U entirely In the passenger earnings, oaused by yellow fever quarantines.
J*«
iBOluded
In 1905 slnoe Jan.
Latest Pat*
S
232,830 200.435
22.783
22, 753
1.7K
3.733
Nevada Central.. iuiy
...
N Vl'S Hud Riv AllRUSt... 8.146,195 7.321,270
708.523 646.806
V Y Gut A West. July
196.816 180,261
N* Y Susq A West July
2,127,747 1,805.724
Norfolk A West'n July
V on hern Central July.
853,015 838,315
...
North' u Paoiflc. \u trust... 4,903.644 4,371,174
18.141
17.515
Ghlo RlvA West. July
619,154 591.980
Paolflo Coast Co June
10831703 9,481,103
et'enn— East PAL July
Inr. (i 70,700
iuiy
eWest P A K
1,234.07- 1,168,378
PlnlaBalt&Wsh July
751.803 714,369
Plnla A Erie
June .....
2,146,611 1,908,510
iMtsb
C A St I uly
5,407
KtiieluhA S'port August...
4,0 17
3,098.27- 2,661,43
Readlns Itaiiway July
1,844.997 2,337.939
Coal A lr Co... July
4,94:'.275 t.999.376
Total Both Cos July
144,25b 127.989
Kich Pr'ksb A P July
5 1,002
45,276
iiio Grande Jet. Jui^e
9,174
9,203
Kio Grande So.. IstwkSept
3,871,386 3.033,99s
Kock Isl'd Sys. July
iutland RR .... June
'91*705
133,848
St Jos A Gr I.... July
3,156,844 2,783.503
St L A San Fran July
162,121
161.469
St L Southwest .. Istwk Sep;
1,120,865 971,245
Seaboard Air L.. July
123,563 120,179
Southern Ind
August
So PacitloCo 6... July
8,189,177 7,130,559
south Ry Systea
Southern Ky... IstwkSept 917.74:; 940,809
Mobhe a Ohio IstwkSept 136,968 136,587
CinNOATexl- ithwk Aug 23S/740 231,457
Ala Great Sou 4thwk Aug 110,422 102,475
131,451 134,752
Gd, South Ss Fia August ...
23.430
Texas Centra! ... ithwk An
25,707
Texas A Pacillc. Istwk 8ei>t 184,101 210.44'.
1 1.900
12,000
Tex S V A N W
August...
6.171
7,987
Tidewater A W'n iuiy
326.522 365,310
Tol A Ohio Cent July
Tol P A West .... IstwkSept
27,249
23,819
80,876
Tol St LA
84,340
IstwkSept
56,760
Tor Ham A Bull July
56,741
5,455,712 4,665,60J a Pac System .. iuiy
Virginia & So W'u August
50,832
79,132
Wabash
IstwkSept 509,304 572,356
West n Maryland June
350,709 320,412
w Jersey A Seat July
655.281 610,181
Wheel A LE
85,771
IstwkSept 101,324
4.ilo
12.170
Wichita Valley. July
17,799
17.479
vVm'sport&N.Br July
Wisconsin Cent.. May
594.899 518,445
Vrii;htBv A T'n.. Juiy
11,527
13.771
Vazoo A Miss. V August..
461,055 581,546
i
filtOSS
to
Ohio.. See fouthe rn Rv. 8y stem boh W.
A 8t L.. August... 845,548 875.529 1,646,707
'.il-Oregou
\
I
Current
iear
RRof Mox Istwk Sept
INafl
1,689,913 1,475,087
165.400
167.694
5,768,330 5,274,542
167,79
153,3l8i
56.941
66,401
5,313
4.397
1,733,600 1,556,759
110,573
80.3K.
363,205
32s. 481
826,400
669,200
10,403,175 9.782.3341
1.906,281. 1,659,243
2,071.756 1,921,655
30,2 -23.799
1,775.613 1,671.50>
930,637
947.140
1,478,279 1.30.3,771,158,683 1,062.759
3,955,68
4,002,220
4,928,300 4,025,080
919,134
847,s.l
319,030
295,971
July
latwkSept
3-e Southe rn Ry. a> stem belo w.
1,890.912 1.764,084 1,890.912
CI (Jin Ch A 3t L. Juiy. ...
213. »9
233.715
213,892
Peoria* ti&st'i. luly
198,4^9 130.241 1.331,155
Colorado ASoiu;, istwk Sep;
19,221
19,221
15,911
Col N'ewb & Lau. July
65,882
628.611
48,279
June
Copper Kauit.
IS,
463
18,463
6,035
Cornwall
fJuly
39.659
17,400
39.659
Cornwall ALeb July
Denv. A Rio Gr. . Istwk Sept 409,100 332,500 3,558,727
80.437
87.402
87,40
Det A Mackinac. July
38.520
Detioit Tol. a lr 4tnwkMa;
29,336 1,335.309
57,403
614.571
Dul SoSh AAU.. lot wk Sept
52,243
Brie
Ju.y
3.959.300 3,930.445 3,959,300
1.842
2,724
1,842
FrehildAN'r'e'i! July
Parmvllle & Po whattan— Sow Tldr yate^ A Western.
55,325
56.691
647,850
FOn JniiliitA: til. May
205,075 152,566 2,312,340
Ft \Y A Uenv Ciu May
206.950
KK
July
174,556
206,950
fcJeorma
Ga South & I'la. v e southe rn Ky -j •tern belo W.
Gr Trunk System l.-.twkaept 814,313 739.83 7.179,403
GrTr. Wesfn Ithwk Aut 169.130 126,138
885,608
45.175
Det Gr HAM.. UllWUAU*.
53,473
293.130
Great Northern.. AugUet
3,757,306 3,452,169 7,451,635
215,233 185.722
Montana Cent' August
416,064
Total system. AUKUSt .. 3,972.539 3,637,891 7,867.699
3H.967
Quit A Shin Island IstwkSept, J/32.71U
343,592
504.99i
Hockini: valley.. u y
555,477
504.S9
Illinois Central.. August... 3,674,056 4,214,20* 7,623,055
Illinois Southern lllftlLSt
30,114
23,362
59.550
Ind 111 & Iowa... June.
1.793,653
119,000 117,700 1,103.521
Int A Gt N'orth'n IstwkSept
99,734
Ilnteroo(Mex)... lslwkbepi
102,681 1,113,843
498.27~
56,7149,98s
Iowa Central ... Istwafcep
Kanawha A Mien July
169,428
144,81s
169,42a
Kan City Soutli'n July
509,706 475,299
509,706
LakeLrieAWe.-tn June
4,923.61
Lehigh Vui liic Ju y
2,643,259 2,556,516 2,643,259
4W.390
Lexihg a Kast'n. July
43.390
38,359
66.12S
iuiy
Lone Island ..
Inc.
Ine
75,6'.I6
Louisiana A Ark. miy
75.696
58,397
Louisv <x Nasiiv. IstwkSept 754,705 fc733,49u 7,441,692
Macon & Blrm... August
10.809
10.269
20.936
Man'.n A No taa lune
39,572
34,25
435,760
Manistique
AlUU-t
13,017
9,628
25.395
MarjTd A Penn.. Juiy.
26,475
24,835
26,475
[Mexiean Oent'l.. •July
2.149.239 1,976,- i:
2,149,239
JMexicau I item. iU.y
503,651 570,t0u
508,651
Wk Aue26 121.000 124, loo
LMexlcan Ky
973,100
IMeucaiiCouth'i. 3dwk Aug
25.747
173,863
19,959
Mineral itange.. Istwk bet
13,742
12,551
140,120
-0,5-5
Mlnneap ,v ,-t L. Istwk sept
62,226
686,373
!»-V
M St A B Kt M. inwksepl 190.622 130,
1,751,112
Mo Kan A iexit> lniwkSept 369,536 3 18,5 J 4 3.718.900
.000 735,00o 7,789,749
Mo Pac A Iron Mi Istwk -pp:
Central liranci letwkaepi
36,000
40,000
439.690
Total
IstwkSept 732.00U 775.001 8.229,445
Mob J ack A K C VVfiAug 26
12,579
12,330
107,37^
GulIAChlc.Dlv
WEEKLY SUMMARIES
Oh
N'iksh
S3.:>
34,529
33.150
A
Mobile
.lulv
|
1
oiinr.ilml.
It
/Include*.
nad previously beea
J
THE CHRONICLE.
894
—
In the table which
up separately the earnings for the first
week of September. The table covers 3G roads and shows 4.32
per cent increase in the aggregate over the same week
Latest Gross Earnings by Weeks.
we
follows
week
of September.
Increase. Decrease.
1904.
1905.
$
Buff Roch & Pittsb
Canadian Northern
Canadian Pacific.
207,900
2,150
151,988
118,704
31,730
198,489
409,100
57,403
172,348
62,600
990,000
187.600
2,347
147,970
109,949
28,976
130,241
332,500
52,243
814,313
739,837
J/32,719
2/38,967
119,000
99,734
56,778
754,705
13,742
80,585
198,622
369,536
696,000
36,000
xlO.352
136,968
232,830
9,203
162,121
917,743
184,101
23,819
84,340
509,864
101,324
117,700
102,681
49,988
733,490
12,551
62,226
136,988
348,534
735,000
40,000
136,587
206,435
9,174
161,469
940,809
210,442
27,249
80,876
572,356
85,771
8,110,911
7,774,792
1,05(5,000
Chattanooga Southern
Chicago Great Western
Chic Indianap & Louisville..
Chicago Terminal Transfer.
Colorado & Southern
Denver & Rio Grande
Duluth So Sli <& Atlantic
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Hav & Milw
Gulf & Ship Island.
International & Gt Northern
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Mineral Range
Minn & St Louis
Minn St P & S S M.
Mo Kan & Tex
Mo Pac & Iron Mountain
Central Branch
Mobile Jack <fe Kansas City.
Mobile & Ohio
National RR of Mexico
Rio Grande Southern
St Louis South Western
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western..
Wabash
& Lake
Erie
Total (36 roads)
Net increase (4.32
x
S
159,708
73,400
Central of Georgia
Wheeling
-Gross Earn'gsCurrent
Previous
Year.
Year.
S
I
sura
last year.
Ist
[Vol. lxxxi.
197
6,248
1,300
'2",947
6,730
21,215
1,191
18,359
61,634
21,002
39,000
4,000
1,464
381
New Or & Tex Pac
New Orl & North East
Alabama & Vicksburg
Vicks S & Pac
to
June 30...
3,464
62",
492
15,553
Increase.
S
771,221
7,947
4,110
25.987
9,330
28,815
1,668
7,914
15,589
170,396
17,799
15,236
168.934
17,479
2,565
48,623
8,548
17,389
40,771
5,469
180,361
Roads.
Bridgeton & Saco Riv.July
Edison Electric Ilium Co
(Brockton, Mass).. July
Jan 1 to July 31
El Paso Elect Co
July
Fall River Gas Works Co
July
July
Genesee & Wyoming
April 1 to June 30
1
to
Int., Rentals,
Current
Year.
$
543
June 30
to July 31
1
etc.
Previous
Year.
8
543
Bal. of Net E'ngs.
Current
Year.
3
•
1,691
S
1,161
729
962
7,137
3,329
1,211
14,223
4,692
2,062
21,922
2,701
503
258
8,437
10,245
6,850
13,986
6,344
13,602
10,862
1,442
19,366
18,178
2,188
15,314
2,188
15,414
2,488
38,125
22,260
692
1,151
9,398
4,801
12,640
5,743
12,204
9,071
940
N Y & Penna—
April
1
Jan
1
1
July
WF
™~
to June 30
to June 30
to June 30
& O Ry)
Jan
July
to July 31
1
Williamsport
1
5,468
10,584
22,312
255,032
22,734
45,515
247,571
23,007
46,060
1,922
13,457
1,922
13,457
2,828
33,882
2,750
2,778
33,356
2,755
1,347
3,738
11,406
x59,692 Zdf.13,751
9,436
165
8,802 def. 1,905
7,408
15,358
def. 254
def. 5,543
263
14,611
7,415
2,714
& Nor Bch
June
July
July
—
Previous
Year.
4,808
3,717
Lowell Electric Lt Corporation
July
Minneapolis Gen Elec.July
Seaboard Air Line
July
Tol Peoria & Western. Aug
July 1 to Aug 31...
Wichita Valley (including
Decrease.
b Net earnings
—
Jan
23,066
26,341
3,430
516,480
336.119
12,170
47,913
Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below these charges.
Houghton Co Elect Light
Co (Hancock, Mich)July
26,395
29
652
-
$
S
Previously reported (34 roads) 12,652,332 12,081,900
Alabama Great Southern
110,422
102,475
1
Jan
For the fourth week of August our final statement covers
43 roads and shows 4 47 per cent increase in the aggregate
over the same week last year.
1904.
July
July
—
2.
1905.
June
74,476
y Loss due to yellow fever quarantine.
4th week of August
W
3
a Net earnings here given are after deducting taxes,
here given are before deducting taxes.
4,018
8,755
2,754
68,248
76,600
5,160
rr.8,888
p. c.)
Week ending September
12,640
10,800
66,000
20,300
Roads.
Wichita Valley (including
K & O Ry).a...July
Jan 1 to July 31
Willlamaport & Nor Bch.a
-Net EarningsCurrent
Previous
Year.
Year.
to June 30
def.
14,741
5,798
x After allowing for other income received.
&
200,789
STREET RAILWAYS AND TRACTION COMPANIES.
Ala
Chattanooga Southern
Cin. New Orl. & Tex. Pac...
&
Gulf
Ship Island
Mexican Railway
_
Mineral Range
.
Total (43 roads).
Net increase (4.47 p.
85,346
34,529
33,150
3,851
238,740
77,281
41,061
44,545
3,090
231,457
a-41,978
2/121,000
.r46,824
2/124,100
20,830
17,870
13,342,178 12,770,603
c.)
6,532
11,395
Road.
798,237
571,575
226,662
—
-Gross Earn'gs-
Roads.
Saco Riv.b.July
Bridg &
Chic Term Tran.b.July
Edison Elect Ilium Co'y
(Brockton, Mass). .July
Jan 1 to July 31
El Paso Elect Co... July
Fall River Gas Works
Co
July
Genesee
Previous
Year.
$
5,313
140,453
4,397
133,883
9,632
76,909
23,657
7,766
64,156
21,220
26,037
25,701
49,254
77,879
39,185
58,767
-Net EarningsCurrent
Previous
Year.
Year.
$
$
2,234
1,704
58,556
44.S96
.
1,940
19,031
8,409
3,024
29,059
6,030
8,940
10,503
17,712
15,428
25,710
31,780
& Wyoming, b
April
1
Jan
1
to
to
June 30
June 30
•
Houghton
Elect Light Co
(Hancock, Mich). .July
13,072
Jan 1 to July 31
109,149
Interoceanic of Mex..July
511,087
Jan 1 to July 31
3,742,803
Kan City South'n.a..July 509,706
Long
July
Lowell Electric Light CorJuly
poration
Milwaukee Gas L Co. Aug
Island, b
Jan
,731,339
475,299
Inc. 66,128
18,309
17,139
Aug
31
Minneapolis General Elec-July
tric
to
1
10,790
92,757
461,212
51,243
43,022
4,676
53,439
112,075
856,484
84,979
3,128
37,674
82,425
850,559
81,214
Inc. 28,324
5.493
64,539
516,366
21,711
6,894
60.8S4
475,905
21,602
N Y & Penna.b—
to June 30
to June 30
to June 30...
28,375
51,117
July
109,181
Aug
5,407
Ral & So Port. a
July 1 to Aug. 31
10,093
July
Rich Fred & Pot
144,256
Seaboard Air Line. a. July 1,120,865
Tol Peoria & West. b. Aug
115,773
July 1 to Aug 31...
216,977
April
1
Jan
1
1
•
4,017
7,928
127,989
971,245
121,177
219, 5S3
Week
or
Month.
2,960
6,815
14,322
33,718
2,044
3,650
53,460
308,198
32,170
54,317
1.659
2,439
47,872
225,794
23,172
44,155
Jan.
1
to
Current
Year.
Previous
Year.
Current
Year.
S
Albany & Hudson.
American R'ys Co.
Aur Elgin & Chi Ry
Binghamton Ry
Boston & Worcest'r
July
August
July
August
Ausust
Burlingt'n (Vt) Tr. August
Cal Gas & Electric. July
Central Market St. July
July
Cent Penn Trac
Chi & Mil Elec
Chi & Oak Park.d.
Cin Day & Tol Tr.
Cin Northern Trac.
Citizens' Ry & L'ht
(M'catine, Iowa)
SW
July
August
June
July
July
Tr Co.. July
Clev Painsv & E._ July
Clev&
Col Lon & Springf
Detroit United Ry.
Duluth Street Ry.
East Ohio Traction
East St L & Sub..
July
wk Sept
wk Sept
May
1st
1st
August
Elg Aurora & So._ July
Ft Wayne&Wab'sh
Valley Trac. A.. July
Havana ElecRy Co Wk Sept 10
Honolulu Rapid Tr
July
& Land Co
HoughtonCo St Ry July
Houston Elec Co.. July
Illinois Trac Co... July
Indianap & East Ry May
Indianap & Northwestern Traction June
Internat Trac Co
System (Buffalo) June
Jacksonv Elec Co. July
Kan City Ry & Lt. July
Lake Sh Elec Ry.. July
Lehigh
Street
V Trac Co
Ry Dep_. May
Elec Light Dep.
May
July
Lexington 'Ry
Lima ElRy& Lt Co .May
London St Ry(Can) May
Manila El
latest date.
of
4,846
3,100
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Aug. 26, 1905.
The next will appear in the issue of Sept. 23, 1905.
Current
Year.
Latest Gross Earnings.
Name
761
7,283
Week ending August
26.
x Loss due to yellow fever quarantine.
2/
8,065
Ry & L.
1st
wk
Sept
Met West Side Elev August
MilElec Rv& Lt Co July
Mil Lt H & Tr Co. July
Montreal Street Ry
Norfolk Rv & L...
Nor Ohio Tr&Lt Co
Northern Tex Trac
Northwestern Elev
Oakland Tr Cons.-.
Orange Co Trac...
Peeks Ltg&RR Co.
Pittsburgh M'Keesport & Greensb'g
Pottsv Union Trac
July
July
August
August
August
July
.June
July
July
June
41,498
159,774
74,830
30,767
63,324
12,129
435,971
14,765
60,799
67,263
65,971
43,694
56,000
10,276
54,822
30,653
22,053
111,376
13,415
20,697
114,246
47,505
93,855
2/40,395
27,390
21,390
47,903
120,509
19,031
33,228
140,257
58,518
27,379
55,866
9,238
320,857
58",768
53",6l6
3,030,224! 2,173,393
325,736
279,235
534,565
300,628
215,479
502,452
68,400
292,197
130,069
57,325
255,295
123,187
88,804
520,011
3, 045"
160
422,655
70,496
848,812
260,318
459,779
2/34,274 2/1,352,310 271,164,232
26,767
20,600
18,344
83,004
17,556
187,690
it77,349
770,878
S3, 156
189.819
110,511
538", 721
75,675
158,023
2,009,327
184,733
2,673,906
414.277
1,872,314
164,547
2,324,333
345,091
45.908
11.8S6
32,892
15,185
14,454
204,093
72,800
194,395
17S.229
67,881
68,249
59,256
159~,989
1,467,811
1,817,899
68 811
1,3 75", 147
1.S12.615
249,509
1.403.1S2
371.117
58S.929
359.840
838,553
707,714
48.803
60,889
100,327
99.685
89,177
88,368
25,222
365,379
74,089
50,876
13,097
34,552
18.S67
15,730
9,700
ISO, 411
275,442
70,658
257,827
22,423
19.956
157,463
933,837
239,838
170,102
3,422,668
445,694
77,852
862,606
261,722
23,119
417,291
87,648
81 ,986
S
178,012
1,019,147
312,745
185,881
100,794
12,240
19,753
130,633
46,480
31,933
102,730
59,244
106,854
119,816
12,102
12,333
Previous
Year.
2S1.299
53,998
226,695
74,237
95,963
48,626
96,802
104,276
11,620
10.S07
20,532
18,260'
327,480
1,543,702
405,461
628,257
421,698
914,919
804,157
51,
US
—
..
.
Sept. 16 1905.
.
.
THE CHRONICLE-
|
Jan.
Latest Gross Bantings.
Xnmc
to
1
—
dale.
latest
Week
Mo:
Gen—R'ds
light Co's
Year.
Current Prt vious
or
War.
:r.
Jnlv
July
Beloit
40,101
....
....
Rochester Railway August
Year.
30.-J7L'
,978
167,
137,369
.090
14,974
l
1
.
)
.
Roads.
ar.
,99
208.020
13,680
1,164,708
1,699
August ...
1 (5
(Mo
Lt Heat&Pi
August ...
71,554
93
,-'0s
85,861
SI Joseph
62,624
is.-i.7s?
i:;:>,7.->7
Fran Oakl'd &
Ry
July
Ry Co..
[kill
s
33.430
43,0'.:.
Sao Paulo (Brazil)
Wk Au- 27
Tram 1. A P
mali Rlec Co. July .:..-
300.0 is
37.587
56,411
22.261
331,874
061,283
51
76", J
Scranton Railway. June
'.'(trie CO July
225.218 197.392
Side Kiev
St
132,196 100,190
SO, 741
Syracuse R T Ry..
72,084
Tampa Elect ic Co July
33,123
28,802
54,1" 13
Terre Hte T & LCo Julv
55,991
27,092
2-1.13!
TolBowK'.iA- So Tr July
Toledo Rys & Light July
171,994
158,377
Toledo ^ West
23,414
21,589
Toronto Railway. - Wk Sept 9
81,862
93.835
Twin City Rap Tr. 4th wk Aim 135,543 137,861
Un'd Rys of St 1... August
x 7 is.:.
1015,457
United of Sao Fran Julv
576,863 535,186
Wash Ales a. Mt V July
20,453
19,555
4 7. 352
40.020
Youngst'n-Sharon Julv
i
I
i
',
no:,,!
os
A 15,651
1,421
.
1,078,892
45
i
l.Ol
414.291
23J
342,863
1,067,785
L29.023
1,854,410
3.026,804
5,:,
11,0711
1,356
L42.162
"04.770
31
I
984,233
119,495
1,647,044
2,831
6,265
3,742,1 16
139,029
264,288
a Totals are from April 17 1905. 6 Totals are from June 25 in both
./ These
are results for main line,
h These are the combined
earnings of all the constituent companies,
k Decrease due to a strike
and boycott, x Decrease due to the fact that the Louisiana Purchase
Exposition was open last year, y Spanish silver.
—
Street Railway Net Earnings.
The following table gives
the returns of STREET railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept 9 1905.
The
next will appear in the issue of Sept 30 1905.
-Gross Earn'gsCurrent
Previous
Roads.
Year.
Year.
$
$
Binghamton Rv b ..Aug
30,767
27,379
Jan 1 to Aug 31
1S5.881
170,102
July 1 to Aug 31..
62,378
56,499
Central Market St
June
17,113
July
14,765
Columbus Grove Citv &
Southwestern
June
4,309
July
4,538
-Net EarningsCurrent
Previous
Year.
Year.
8
$
17,891
15,283
92,416
78.S15
35,900
31,908
58
3,276
1,099
323
20,005
22,052
July
Houghton Co
6,794
7,102
Ry
Street
(Hancock, Mich).. Julv
Jan 1 to July 31...
21,390
77.349
Houston Electric Company (Texas)
July
20,600
8,307
110,511 def .32,424
10,185
29,521
47,903
459.130
23,119
184,733
18,344
355,330
25,222
164,547
21,080 def. 24,936
172,636
33,132
9,419
10,754
81.063
65,464
40,454
55,440
104,019
59,244
421,698
119.816
804,157
19,185
29,337
59,709
48,626
359,840
104,276
707,714
14,244
16,876
34,974
23,520
182.686
60,042
385,466
5,720
2,608
8,431
22,498
158,188
48,407
340,260
16,090
93,208
14.974
85,861
7,536
41,663
7,8479
34,612
Jose Ry
.July
43.015
Jan. 1 to July 31
300,018
Savannah Elect Co
July
66,411
Jan 1 to July 31...
331,874
Seattle Elect Co
July
225,218
Jan 1 to July 31
1,421,920
Tampa Elect Co
July
33,123
Jan 1 to July 31
232,620
Terre Haute Traction &
Lisrht Co
July
55,991
Jan 1 to July 31...
312,863
Urbana Bellefontaine &
Northern
June
2.333
July
4,861
33,430
221,936
51,403
305,108
197,392
1,320,002
28,802
201,500
22,226
172,706
26,374
140,709
02,507
480,944
15,160
95,216
18,839
122,383
25,722
127,845
70,373
413,134
54,213
20.940
104,509
23,255
Aug
to July 31...
1
Jacksonv Elect Co
July
Jan 1 to July 31
S Y
Long
<fc
Isl
Tr.b—
to June 30...
to June 30
April
1
Jan 1
July 1 to June 30...
North. Texas Tract. bAug
Jan 1 to Aug. 31...
Oakland Tract, b ...July
Jan.
to July 31
1
Rockford Beloit
<fc
Jack-
Aug
ville. a
Jan
to Aug. 31
1
San Fran. Oakland
& San
314, oos
10,391
78,573
07, so:;
311
1,378
Interest Charges and Surplus.
—
Houghton Co. Btn
July
to July
Long
Traction
April
to June 30. ..
Jan 1 to June 30...
July 1 to June 30...
Northern Texas Tract. Aug
<t
etc.
—
Pneious
)
,ur.
-Bal. of Net E'ngs.—
Current
Previous
Year.
Year.
?
Ry
31..
Jacksonville Elec Co. July
Jan 1 to July 31...
N Y
Net E'ngs.
3,732
24,924
3,432
23,384
8,783
102.055
3,047
21,140
8,185
93,010
3 017
4,575
d<f. 57,348
6,753
0,137
21,17.;
d.f. 33, 121
def.59,svl
7.737
43,7 IS
Isl
1
Jan 1 to Aug 31...
Oakland Traction
July
Jan. 1 to July 31
5.547
457
17
Oi/i
7,103
11,188
88,023
32,929
221,990
1,357
(,
,
1
10,100
80, H55
26,525
185,922
x8,'.
rll,106
128.597
12,332
§4.663
27,113
103.476
25.472
X2.079
r7.698
12.398
77.333
21,882
15 1,3.3S
4,015
20,701
5.160
13,039
8,soi
9,408
64,909
,591
2,007
21,673
13.425
9,481
i
to
02,712
July 31
Savannah Eled Co
July
July 31...
July
Seattle Elecl Co
to July 31...
Jan
July
rampa Elect Co
Jan I to Julv 31...
lerre Haute Traction «v
lit
Julv
Co...
.1
to July 31...
1
Jan
1
79,001
10,554
-77
to
x After allowing
for
10,001
15,8
73. Oi
66.832
25,291
24,801
174,355
15.031
54,780
45,082
211,100
8,606
64,294
07..
306,589
1,885
13,264
,275
1,1
1,270
1
in.717
OS, 744
81,8
10.103
J25
9,624
66,805
13,031
31,088
other income received.
ANNUAL REPORTS.
an index
Annual Reports. — The following
to all
is
annua
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the "Railway and Industrial" and "Street Railway"
Sections.
This index does not include reports in to-day's "Chronicle."
—
Page.
839
724
505
American Glue
840
American Hide & Leather
560
American Light A Traction
840
American Locomotive
840
Appleton St Co. (balance sheet)
770
Merchants
Associated
725
Hemis Bros. Bag (balance sheet)
6GG
Bon Air Coal 4 Iron
665
Boston & Maine
Brunswick Dock & City Improv't__.612
673
611.
665.
Pitts
Buffalo Koch. &
504
Calumet & Ilecla Mining
-. 665
Canadian Pacific
724
Central Foundry
723
Central of Georgia
to
N.
(statement
Y.
Leather
Cent.
504
Stock Exchange)...
-- 724
Chicago Great Western
838. 849
Chic. Mllw. & St. Paul
775
Chicago & North Western
615
Chicago Pneumatic Tool (6 mos.)
Consolidated Cotton Duck (6 mos.). 670
Creamery Package Mfg. (balance
506
sheet Nov. 30)
838. 845
Denver & Rio Grande
Land
Grant.
667
Marq
Mack.
&
Detroit
613
iniluth South Shore & Atlantic
839
Erie RR
Erie & West. Transp. (statement
724
May 10)
Fairbanks, N. K. (balance sheet)... 667
558
Globe- Wernicke Co. (bal. sheet)
Guffev Petrol, (bal. sheet Jan. 1)... 506
506
Gulf Refining (bal. sheet Jan. 1)
666
Gulf & Ship Island
666
Interborough Rapid Transit
723, 782
Lehigh Valley
666
Louisiana & Arkansas
Railroads, Etc.
Allis-Chalmers Co
Vmerlcan Agricultural Chemical
—
—
Page.
723
Railroads. Etc.
4- Nashville
Louisville
Lowell Machine Shop
(
balance sheet
March 31)
558
Lyons Beet Sugar Refining (balance
sheet March 1)
506
Manhatttan Ry
666
Mldvale Steel (bal. sheet Feb. 27)... 557
Missouri Kansas & Texas
666
Nashville Chattanooga & St. Louis . 612
National Enam. & Stamping
612
National Noveltv Corporation
612
National Rice Milling (11 mos.).." 666
New York New Haven & Hartford,. 775
665
New York Ontario >t Western
"
New York* Richmond Gas
667
617
N iagara Light H eat & Power
Niles-Bement-Pond (bal. sh. Dec. 3) 506
Norfolk & Western.
665
Oceanic Steamship
506
Page Woven Wire Fence
505
. .
Pflster & Vogel Leather (bal. sheet). 558
Pittsburgh Coal (half-year)
556
Saco & Petee Machine Shops (bal.
sheet Aug. 29)
558
St. Louis Southwestern
665
Southern Ry
555
Texas Central
614
Toledo Peoria & Western
669
Union Oil
557
United Petroleum
557
.
United States Envelope
666
United States Glass.
724
United States Telephone. Ohio
506
United States Steel Corp. (quarter
"
and half-year)
504
556
724
Warren Bros. Co.
Western Stone
Street
(bal. sh. Dec. 31).
(bal. sheet Dec. 31) ..
Railways
W.
—
& Light-
Kansas City Ry.
555
India Elec. Co.. Kingston,
Jam. 505
Canadian Pacific Railway.
(Report for Fiscal Year Ending June 30 1905).
The report of Sir Thomas G. Shaughnessy, President, will
be found at length on pages 902 to 905, with the income
account, detailed statement of charges, balance sheet, etc.:
OPERATIONS AND FISCAL RESULTS.
1905.
Miles operateda..
1004.
8,332
8,568
1903.
7,748
1902,
7,588
T)€TCLti07lS~~~
Pass, carrierl, No.
6,891,511
6,251,471
5,524,198
4,796 746
Pass, mileage
736,774,844 677,940,496 635,S55,533 534,777 135
Rate p. pass. p.m.
1.84cts.
1.83cts.
1.73 cts.
1.75cts
Earns, per pass.
train mile
SI. 40
$1.40
$1.33
$1 32
Freight (tons)car.
11,892,204
11,135,896
10.1S0.847
8,769,934
Fr'ght (tons)car'd
1 mile
4155,256,309:3809,801,952,3862,242,993 3247,922,107
Rate p. ton p. m.
0.76 cts.
0.77 cts.
0.74 cts.
0.75 cts.
Earns,
per fr'.t
train mile
$1.93
$1.85
$1.88
$1.83
Earnings
$
8
$
—
Freight
Mail, exp., etc...
13,583,052
31,725,290
5,173,540
12,418,419
29,235,821
4, SI 4, 892
11,001,974
2s.502.os2
4,453,318
Total earns..
50,481,882
46,469,132
43,957,374
16,905,849
16,149,578
14,046,460
srtuctures
of equip't..
and miscel..
8,527,035
6,010,258
2,957,652
7,372,408
5,873,163
2,860,877
6,642,165
Total expenses.
Per ct. of oper.
35.000,794
32,250,027
2S,120,52S
earns.
Net earnings
Int. OH deposits,
(69.3.-.)
(69.42)
(63.97)
(02.44)
15.475.08S
14,213,105
15,836,846
14,085,914
1,584,663
1,691,209
1,286,812
958,827
17,059,751
15,904,374
17,123,058
15,044,741
3,671,928
3,321,802
3,672,150
3,672,106
3,672,198
3, 021,:349
l'.i-senger
Exjienses
—
Cond'g transp'n..
Main, of way and
bonds, etc
Total
Deduct
—
9,359,522
24,199,428
3,944,104
37,503,054
Classifica-
tion dill'erent
4,80'
2,568,351
in
this year.
23,417,140
Int h sink. fun. Is,
inc. div. 011 <).
.
Q. Ky. stock.
on deb. stock
el 1. e. lids. .
St
12.207
70,581
6,372
59,917
I
Yiar.
,r.
20,962
;.
—
nous
fit
I
Aug
n. to
S
el
(Hancock, Mich). .July
Jan 1 to July 31...
Houston Electric Comp'y
(Texas)
Int., Rentals,
Current
Year.
Roads.
1
o/
mr.
S
Jan 1 to Aug 31...
San Fran. Oakland St San
-.July
Jose Rv
Main,
earnings here given are after deducting taxes,
b Net earnin
iven are before deduct)
Aug
— — Hal.
Janes-
I
years.
Columbus London &
Springfield
June
&
1
July
1
i
viUe
IS!
14,281
I
i
Janesville
Jose
etc.
rrent
Rockford Beloit
Rockford
Rentals,
Int.,
of
Road.
Kvs Co
805
int
.
I
als
Div. on
common.
Div on pref
For Bt'mship and
pension fund ..
Total..
Balance, surplus.
a This
are ba
is
2,54
347,225
Oiler interest
I
,976
13
856
960,335
892,696
(6)6,577,000 (6)5,070,000(53
(4)1,514,133 (4)1,362,073 (4)1,300,000
230,000
15,275,198
1,784,653
the miles operated
230,000
1.-11. 111 111
14,238,168
1,000,200
13.149 696
at close of
year on which
646,131
iO.OOO
II, 210,840
1
-.0,000
11,981
1.077
0]
given
THE CHRONICLE.
bMi
BALANCE SHEET
.MINI'; 30.
1905.
$
If Assets
Cost of road and equipment
c208,891 ,781
Steamships and appurtenances.. 12,948,888
Acquired securities held.
52,300,534
Real estate, hotels, etc
1,935,608
Due on land sold & town sites
14,659,180
Advances to railroads
236,213
Adv. to lines under construction.
Materials and supplies
8,191,297
Station and t radio balances, etc..
3,870,440
Misc. securities and advances
254,612
Due for mail transport'n, etc
Cash
16,496,291
1904.
$
256,685,689
1,909,120
46,875,306
2,724,418
5,252,309
1,035,841
568,847
5,802,494
5,412,382
686,079
245,105
11,741,703
1
J
1903.
$
242,769,210
11,771,133
43,470,869
2,266,635
13,914,480
660, :',58
2,412,903
5,498,788
4,918,698
1,606,903
236,688
12,172,612
Liabilities
|
—
Stock, coin in on
Stock, 1st and 2d
Vol. Lxxii
1904.
$
1905.
$
1903.
$
02,790,400 62,790,400 60,529,900
9,000
9,000
9,600
Bonds (see "By. & Ind." Section... 84,699,354 82,674,354 73,651,354
due
Balance
on new equipment
6,940,110
6,495,600
Interest accrued...
J, 030, 003
1,073,336
909,318
Unpaid coupons..
219,049
226,334
227,207
Railways and unpaid vouch.
1,463,579
,551,537
1,847.712
Loans and bills payable
600,ooo
570,000
1.000.000
Taxes accrued
ox 03
171,237
157.963
Miscellaneous
433,202
131,319
48,352
Profit and loss... .
529,245
455,986
1,071,106
pi
.
1
,
i
Total
,
1
158,518,243 156,542,997 139,452,513
liabilities
-V. 81, p. 66E
Total assets*)
Liabilities
—
358,919,294
341,699,277
84,500,000
14,238,074
37,853,333
89,200,549
55,238,086
8,183,222
1,769,084
84,500,000
84,500,000
32,500,000
67,252,253
61,738,086
7,153,477
7,676,552
874,279
340,667
19,910,999
33,473,333
82,355,218
58,738,086
7,764,097
1,770,184
30,673,283
41,160,444
582,937
340,667
17,561,046
319,784,846
358,919,294
341,699,277
Central of Georgia Railway.
Common
stock.
Subscriptions to new stock
Preference stock
Consol. debenture stock
Bonds (see "Kv. & Ind." Sec.)..
Current accounts
Interest and rentals...
Subsidy and bonuses .tf
Net proceeds of lands
Equip, replacement fund
Steamship replacement fund
Surplus
Total
319,784,846
liabilities
1,772,071
30,229,109
37,119,561
588,543
18,846,176
assets, the company owns 14,545,457 acres
of land, c From cost of road in 1905 $275,837,497, were deducted subbonuses
received,
sidies and
$30,752,195, and proceeds of land sales expended in construction, $36,193,521, leaving net cost, $208,891,781,
as above. d Deducted from cost of road in 1905 see above.
V. 81, p.
b In addition to the
above
—
—
776. 667.
Chesapeake
\
1904-05.
1903-04.
1902-03.
1,708
1.671
1,641
1901-02.
1,636
547
255
527
254
453
243
428
243
Equipment muned
and leased
Locomotives
—
Passenger cars
Freight and maint of
way cars _
24,873
24,358
22,921
20,084
Operations
Passengers carried
3 ,438 ,030
3,277,113
2,952,963
2,693,097
Pass, carried 1 mile.. .192, 838, 400 176,075,028 170,012,343 146,048,685
Rate per pass per
2.019 cts.
2.071 cts.
2.044 cts.
2.023 cts.
Freight (tons) carried. 13,304,791 11,550,017
9,548,531 10,904,165
Freight (tons) 1 mile.. 3754388306 3166958166 2631297000 3194336000
Rate per ton per mile. . 0.427 ct
0.470 ct. .-.. 0.475 Ct.
0.402 ct.
—
m
Aver,
557
508
$1.12
$1.09
$2.38
$11,213
$
14,869,188
3,648,233
372,283
297,482
110,340
Earns, p. freight tr. m. $2.37
Earns, per mile of road $11,918
Earnings
$
—
16,039,313
3,894,145
393,529
297,411
99,974
Freight
Passenger
Mail
Express
Miscellaneous
-
Total earnings
20,724,372
—
Expenses
Maint of way, etc
Maint. of equipment..
Cond'g tran traffic.
Cond'g trans. oper'n.
General expenses
Taxes earnings
2,188,835
4,077,943
409,7681
6,267,486/
306,934
513,644
—
—
493
$1.25
$2.34
$9,762
$
12,510,006
3,474,905
368,396
245,489
112,806
509
$1.15
$2.04
$9,755
$
12,833,806
2,954,919
365,923
226,820
142,910
19,297,526
16,711,602
16,524,378
2,307,620
3,659,382
6,420,666
2,178,835
2,679,021
5,839,230
2,175,876
2,755,437
5,177,967
395,522
514,850
355,636
447,115
289,213
423,842
Total expenses... 13,764,610 13,298,040 11,499,837 10,822,335
exp. to earnings..
(66.41)
(68.91)
(68.81)
(65.52)
6,959,762
5,999,486
Net earnings
5,211,765
5,702,043
a Also 2 passenger steamers, 4 car floats, 3 ferryboats, 5 tugs and 6
P.
OPERATIONS, EARNINGS AND EXPENSES.
Miles oper. June 30..
Equipment
Locomotives
c.
barges.
INCOME ACCOUNT.
1903--04.
1904-05.
1902-03.
Other income
Total
Deduct
Interest on bonds
—
Car trust— int. & prin.
Loss onelev.&s'mships
Interest genl. acct. etc..
Extraordinary
Miscellaneous
(1 percent).
Dividends
Total
Surplus
22,718,977
3,095,910
3,917,268
7,136,484
464,772
671,000
2,854,164
3,550,968
6,813,496
454,700
671,402
Total
15,2.85,434
c. exp. to earnings.
(63.45)
earnings
Net
8.803,826
14,344,730
12,697,430
(63 .09^
(60)
8,374,247
8,463,245
Net earnings
Other income
Total
Deduct
3,559,949
273,094
161,420
89,369
591,012
48,702
605,299
3,524,578
Total
Surplus
6,845,790
291,259
6,163,515
5.243
5,328,845
73,294
5,824,171
14.303
1904.
1903.
S
$
120,635,992 US, 783, 663 112,705,521
21,873,469 21,831,164 21,248,147
1,510,043
1,381,979
1,638,769
136,088
378,780
556,848
392,640
94,778
1905.
$
6,940,110
489,968
222.S63
491,906
451,468
479,690
780,507
3,777,442
140,813
28,193
231,222
459,772
495,529
407,161
776,375
1,264,517
102,529
158,518,243 156,542,997 139,452,513
,
10,136,227
(57.75)
7,415,979
1904-05.
$
8,803,826
1903-04.
$
8,374,247
210,573
147,232
8,463,245
148.259
9,014,399
8,521,479
8,611,504
,490,873
2,862,933
226,667
,603,510
156,889
2,435,690
,352,402
5,375
1902-03.
$
625
1901-02.
$
7,415,979
74,894
& Coke Co. bds
161,230
216,000
295,595
159,176
910,014
4p.c. divs.onpref...
919,530
919,524
914,818
Dividends on com... (3) 1,934, 076 (3)1,934,076 (3)1,934,076 (2)1 ,289,384
Betterment fund
1,000,000
2,000,000
2,500,000
,500,000
1,250,000
Add'l equip, fund
Discount and com. on
bonds sold, advan's
to sub. cos., branch
3,674,796
687,500
126,014
137,210
861,366
48,725
627,904
30.
change of
cannot
be compared.
to
.
lines, etc
180,665
23,923
1,440,814
48,900
605,291
Owing
classification
Coal
3,744,349
989,333
154,845
63,046
1,217,476
48,837
627,904
6,495,600
892,646
230,249
427,275
486,990
582,225
639,884
4,010,71
40,223
—
Interest on bonds
Interest on car trusts.
Def in int. on Pocah's
Rent
Construct'n and equip, account
Construct'n fund unexpended
Value of new equipment, less chg'd
to operating expenses
•Cash on hand
'Cash for coupons, etc
Agents and conductors
Railways
Individuals and companies
Materials and supples ..
Big Sandv RR. const'n. etc., accts.
Miscellaneous
.
17.552,206
INCOME ACCOUNT.
5,838,474
Advances
.
21,160,675
a Three ciphers (000) omitted.
5,402,139
Road and equipment, etc
Bonds and stocks owned
—
P.
6,168,758
—
Total assets.
24,089,260
7,137,049
BALANCE SHEET JUNE
Assets
Total
Expenses
Maint. of way, etc
Maint. of equipment
Conducting transp'n
General
Taxes
1901-02.
$
5,702,043
136,431
$
1901-02.
1,685
1902-03.
1,722
—
5,211,765
190,374
•
1903-04.
1,769
—
5,999,486
169,272
6,959,762177,287
Net earnings.
—
1904-05.
1,833
668
640
579
502
Passenger cars
324
278
248
294
Freight cars
26,237
25,499
25,801
21,009
Maint .-of- way cars
583
588
566
521
Tugs and barges
7
7
7
7
Operations
Rev. passenger cars.. 3,530,962
3,594,965
3,169,574
2,630,615
Pass, carried 1 mile.. 141, 159, 752 136,521,565 123,124,635 101,275,087
Rate per pass, per mile 2.238 cts.
2.308 cts.
2.308 cts.
2.350 cts.
Tons rev. freight car' d 15,852,323 14,121,652 14,110,181 12,268,100
Tons freight car'dlm. o4,270,239 a3,830,794 a3, 639, 684 a3, 151, 911
Rate per ton per mile. 0.474 cts.
0.493 cts.
0.486 cts.
0.463 cts.
Av. rev. tr. load (tons)
531
476
488
486
Earns, p. fr't tr. mile.
82.5362
$2.2028
$2.4324
52.3818
Earns, per pass. tr. m.
$1.0915
$1.1570
$1.1279
$1.1540
Gross earns, per mile.
$13,390
$12,353
$10,466
$13,233
Earnings
$
$
$
$
Passenger
3,158,773
3,150,859
2,841,491
2,379,476
Freight.
20,249,399
18,894,941
17,676,349
14,594,281
Mail
224,137
222,978
217,694
216,223
Express
222,646
318,614
310,040
247,026
Miscellaneous
138,337
140,157
178,116
139,580
revenue train-
load (tons)
Earn, per pass, train m.
excl. mail& express.
.
Norfolk & Western Railway.
(Report for Fiscal Year Ending June 30 1905.)
On pages 912 to 916 will be found the report of Mr. L. E.
Johnson, the President, and also the balance sheet. Below
we publish a comparison for several vears:
&
Ohio Railway.
{Report for Fiscal Year Ending June 30 1905.)
The remarks of President Stevens at length, together with
the balance sheet and income account in detail, are published
on pages 908 to 911.
The statistical tables for four years, compiled in the usual
complete form for the "Chronicle" are given below:
OPERATIONS AND FISCAL RESULTS.
Miles oper. June 30
{Report for the Fiscal Year Ending June 30 1905.)
The complete text of the remarks of President J. F.
Hanson will be found on pages 919 and 920 of to-day's
"Chronicle."
Comparative tables of earnings, income account, etc., for four years were given in the issue of August
26 last on page 723. The surplus for the fiscal year, after
providing for the full 5 per cent on all three classes of income bonds, was $104,517, as explained in the "Chronicle'!
last week on page 840.
al60,197
a87,167
347,078
135,000
S0.392
10,000
8,569,403
444,996
7,996,761
524,718
8,426,463
185,041
7,308,797
182,076
of equip., etc...
a In 1904-05 and 1903-04 "discount and commission on securities sold"
to profit and loss account, instead of to income account as
The amounts were in 1904-05 $405,040, in 1903-04
in previous years.
was charged
$368,333.
Assets
GENERAL BALANCE SHEET JUNE
1905.
$
—
Cost of road and equipment
Cost of Cin. P. <fc Va. RR. b
Iaeger & Southern RR.
Kenova & Big Sandy,
etc
Radford So. RR. & Mining Co.b
Columbus Term. & Transfer
Value of new equip, (per contra)
Equipment
50,500,126
""560", 106
4,668,729
"
250,666
7,300,000
146,045,640
2,430,682
99,208
3,143,340
39,102
Government
Individuals and companies
Materials and supplies
Cash
Poc. Coke & Coal Co. advances.
S.
Miscellaneous
Total assets
1903.
$
143,179,622
2,292,782
52,656
1,349,341
5,500,000
1,552,700
1,054,970
574,561
508,192
56,184
670,213
1,733,845
6,330,731
495,000
17,044
1,549,568
2,202,692
483,000
26,181
482,000
1,560,450
1,143,390
601.604
402,923
54,505
603,787
1,618,860
1.451,224
249,000
26,432
176,272,404
165,909,845
155,068,577
trust
Go's stocks and bonds in treasury
Investments in other companiesStation aeents
Traffic balances
U.
1
30.
1904.
$
1,558, 700
1,190,158
493,983
407,916
55,754
683,921
n
.
Sept.
16 L9«»5.
L904.
irelerred stock..
Adju
Equip't
86.000,000
stock
Kv.
Bon
Equipmenl
.v.-
,280.500
[o
lions
trust certs, (per contra)
on bonds
Interest accrued
Pav-rolls
..
Indited Vouchers
•balances
and
23.000.000
68,000,000
59,599.500
7,300,000
948,548
950,661
1,377,653
74.8H
Individuals and companies
Taxes accrued
Bes*ve funds for equip. & misc..
Betterment fund.
Profll
.
897
T11K OIIRONlOLi:.
j
1905.
Common
.
loss, surplus
127,169
319,106
1,437,814
J.245,212
3,201,928
06,00
Hocking Valley Railway.
(lu port for Fiscal Year Ending June 30 1905.)
The remarks of President N Monsarrat from the annual
report and also the balance sheet income account, etc, will
be found in full on pages 91(1 and 917.
.
51
L.000
1,000
5,500,000
758.867
828,512
1.138,843
47,692
200,512
309,469
1,274,980
4,098,696
3,156,973
1,325.120
106,740
150,051
9,688
705
,
,
,
Various operating statistics of interest follow:
79<
16,710
2,697,996
3,000,588
OPERATIONS AM) FISCAL
190
Miles
June
oper.
1903-04.
RJES1 LTS
1902-03.
1901 02
347
347
317
317
30
—
1
Ojx ranona
r, 9 17, 605
1,979,731
Passengers carried
2,805,554
2,198,188
Pass, carried l mile
38,616,003 38,798,631 37,431.011 32,362,418
2.21 CtS.
\\
2.1 1 its.
2.07 cts.
n C. p. pa>s. p in..
L.98 cts.
8.156,514
Tons freight carried ..
69,77,153
8,262,816
7,810,546
Tons fr't carried 1 in.. 998,577,025 B85.937.216 1053094815 1003371955
0.451 cts.
0.196 cts.
0.428 Cts.
Av. rec. p. ton p. mile. 0. 17 1 (is.
:->54
622
5s
A v. train load (tons).
878
$1.09
Earns, p. pass. tr. m..
$1.07
SI. 08
$0.97
$2.90
$2.81
Earns, p. fr't tr. mile.
$2.75
$2.75
Earnings
$
$
$
$
2.391,296
Coal
2,778,248
2,743,866
2,605,316
1
789,722
1,902,137
Freight
,985,573
1,973,343
1
Passenger
786.300
726,001
831,628
764,056
Mail
40,657
42,657
40,653
42,678
.
155. U165,909,845
176, 272. 404
Total liabilities
1904
b transferred to cost of road and equipment as of July
V. SI. p. 601. 212.
.
l
—
1
Chicago Great Western Railway.
{Report for the Fiscal Year Ended June 30 1905.)
The remarks of President Stickney, from the annual
report, giving much valuable information regarding the
property, and the principal tables of operations, etc., are
Below are comparative results
given on pages 905 to 907.
for four years:
EARNINGS, EXPENSES AND CHARGES.
1904-05.
818
1902-03.
929
1903-04.
874
—
—
Total earnings...
Oper. expenses
Main, of wav & renev's
Maint. of equipment..
Fuel for locomotives..
Conducting transp'n..
General expenses
Taxes.
Total
c. of exp. to earns.,
excluding taxes
Net earnings
7.377,711
8,022,673
7,823.191
7,549,689
865,142
916,560
934,718
958,328
756,039
2,592,058}
441.812J
215,985
3,583,354
3,570,324
203,897
204,768
6,120,041
5,638,529
5,489,459
(73.59)
1,902,632
(69.47)
(69.99)
2,184,662
2,060,230
728,015
904,554
795,015
2.276,677
418,830
216,000
1,032,007
973,038''
5,339,093
P.
(69.44)
2,038,618
.
.
Express
431.368
283,625
433,516
368,726
408,144
174,585
390,815
147,999
6,568
Ralance
Surp. from previous yrs
802,242
1,236,376
21,674
714,993
1,187,639
163,322
582,729
1,601,933
155.701
545,382
1.514,848
134,676
4%
1,258,050
1.044,976
1,350.961
1,044,976
.2.4)284310
1.757,634
1,025,693
(5)568,620
1,649,524
925,207
(5)568,620
1,044,976
1,329,286
21,675
1,594,313
163,321
1,493,827
155,697
Total
div.
on deb. stock.
Div. on pref. stock A..
Total
Balance forward
a213,074
a Regarding other income, see profit and
loss
statement on page
906
of this issue.
GENERAL BALANCE SHEET, CAPITAL ACCOUNTS. JUNE
1905.
$
7,809, 163
1904.
S
30.
7,789,028
639,834
63,776,324
10,671,771
56.694
100,000
7,000
1903.
$
7,595,166
1902.
$
6,659,281
62,057,231
10,671,754
56,694
100,000
7,000
60,073,674
4,479,173
56,694
43,750
7,000
145,000
130,000
115,000
226,005
884,236
586,347
222.00.5
222,005
154,973
179,532
216,005
582,546
416.098
100,285,645
84.406,300
81,174,355
71,832,299
Equip, lease warrants.
381,984
Deb. stk. & sc. outs'g. 26,127,089
Pref. stock A outs'g... 11.336,900
Pref. stock B outs'g.
9,468,090
Common stock
44.464,545
7,695,363
486,411
26.127.0S9
11,336,900
9,468,090
29,921,645
6,667,121
24,327,089
11,330,100
9,468,090
23,383,396
2,642,000
811.674
399.044
26,117,089
11,336,900
9,468,090
29,921,045
3,847,576
73,994
409,661
liabilities... 100, 285.645
p. 810. 724.
84,408.300
81,174,355
71,832,299
—
Asset*
Rolling stock owned..
Rolling stock in trust.
639,833
Road and terminals... 64,580,060
Stocksof prop' v cos... 25,210,571
St'k Ch. Un. Tran. Rv.
57,274
Int. in St. P. Un. Dep.
100.000
Int. in Minn. Tran. Ry.
7,000
Int. in St. Jo. Un. Depot.
Kan.C.A St.
Bonds and
J.elevat's
stocks of
other companies
Cash
Accounts receivable ..
Total assets
Li-abitilies
—
25,156
160,000
—
Loans
Accounts pavable
Advances from earns..
— V. Total
81,
191
181,531
681,625
,
Maint. of equipment
Conducting transport'
General
Taxes
Total
P.c. of cxp. to earns
Net earnings
Receipts
1902-03.
1901-02.
9
6,541.160
4,882,267
1
6,194,304
4,552,260
1,658.893
193,321
1,842,044
168,857
1.890,078 1,852.217
1,428,986 1,416,576
29,440
29,440
7 318.348 (6)298,675
1,796,901
1.405
1904-05.
9
7,251,536
4,876.202
1903-04.
9
6,773,560
5.10i,543
Otherincome
2,375.334
84,732
1,672,017
218,061
Total net income
charges
Sinking fund
2,460,066
1,438,136
144,694
Grnss earnings
Operating expenses
N't earnings
I-
ixer|
Dividends
(7)348,30.1
Appropriation Bangor term. 300,000
Note charged off
50.000
Balance, surplus
—V. <»0. p. 600.
178.871
I
29.110
6)298.566
108,626
62,031
37,342
219,089
6,013,214
5,725,483
6,049,698
5,316,522
651,206
1.293,405
1,800,768
115,059
207,463
590,360
1,171,769
1,765,606
119,054
205,831
600,364
1,120.778
1.812,514
117,709
181,161
568,155
860,268
1,532,576
124,623
143,709
4,067,901
3,852,620
(67.29
1,872,863
3.838,526
2,211,172
3,229,331
(60.74)
2.087,191
1903-04.
1,872,863
253,377
290,778
6,747
1902-03.
2,211,172
207,614
420,530
68,717
1901-02.
2,087,191
269,043
181,388
54,118
2,423,765
2,898.033
2,591,740
910,114
5,262
25,324
(3)330,000
(4)570,200
74,781
3,500
872,576
103,763
24,699
(3)321,324
(4)560,000
72,797
20.100
839.539
45,315
24,564
(3)312,648
(4)560,000
79,950
1,919,171
504,594
1,975,259
922,774
1,862,016
729,724
1,945,313
—
1904-05.
1,945,313
222,676
121 ,132
38,423
—
Miscellaneous
Total.
Balance, surplus
1,829,693
497,851
BALANCE SHEET JUNE
Assets
—
Road and equipment
Kan. & M. equipment notes
Securities owned
Cash for construct. & equipment...
Materials and supplies
Advances to controlled companies.
Cash (incl. in trans. & for coupons)
Bils receivable
Roads, individuals and companies.
Other accounts
Total
Liabilities
—
Stock, common
Stock, preferred
Mortgage bonds...
Car trust obligations
Deferred payments for securities
Roads, individuals and companies.
Int.
and div. due and unpaid
discounted
Accrued interest..
Bills receivable,
Miscellaneous
Profit
and
(63.45)
INCOME ACCOUNT.
loss
Total
30.
1905.
$
1904.
$
1903.
$
32,661,645
1,306,250
11,631,395
32,430,564
1,306,250
14,280,970
243,455
289,766
32,325,229
1,331,229
14,575,201
479,258
242,143
"
254,566
3,142,296
705,175
1,257.500
874,251
165,373
853~,398
"
770",945
1,788.750
834,581
224,776
1,590,000
887,071
337,136
51 ,998,452
52,252,500
52.538.212
11,000,000
15,000,000
18,624,000
1,491,582
M, 000, 000
15,000,000
18,624,000
2.163,525
270,365
774,673
175,000
113,194
415,761
4,133,876
251,011
758,920
300,000
114,511
,703.888
11.000,000
15,000,000
17,642,000
2,931,162
876,404
401,480
737,109
270,000
116,207
333,549
3,230,300
51,998.452
52,252.500
52,538,212
336,645
-V 81, p. 559. 507.
Chicago Terminal Transfer Railroad.
{Report for Fiscal Year Ending June 30, 1905.)
President J. N. Faithorn says in substance:
Railroad Tenants.
There was an increase in gross rentals from railroad
tenants and others amounting to $16,086, viz.: Increase $56,112 (Baltimore & Ohio RR., $5,770; Chicago Junction Ry., $631; Pere Marquette
RR., $49,711); decrease $1,909 (Chicago Great Western Ry., $588 sundry, $1,321); decrease in rentals from industries and other income than
—
$38,117.
traffic,
Operating Results.
from
traffic of
—
There was a decrease in gross receipts
$46,739 as compared with 1903-04, viz.:
Freight and Switching.
From Passengers.
— —
Av. pr.
.Vo. Cars.
Car.
$4 03
Per
No.Pass. Gross.
Pans.
$820,909
514,601 $51,615 10 cts.
3 93
857,514 705,279 61.749 8.7 cts.
3 66
921,543 800,055 72,376 9.0 cts.
Expenses for maintenance of way and structures decreased $22,389 72,
equal to 13.5 p. c.
During the year 35,230 cross-ties, 210.000 feet oak
switch ties, 48 new railroad crossings and 487 tons new 80-lb. rails have
been used in renewals; 370,000 feet of bridge and building lumber were
used in repairs.
Maintenance of equipment expenditures decreased
S30.417, or 17.8 p. c.
Conducting transportation expenses decrea se d
$47,734, or 7.6 p. c.
General expenses decreased $8,907, equal to S.4 pel
203.491
..218,266
251,448
Gross.
cent.
Taxes show an increase of $17,800. Interest charges were lncreasi.i
$28,100. by additional first mortgage bonds Bold to pay in part for new
mileage and other additions to the property.
Track Elevation.
The estimated total cost of this work, baaed Ul
city of Chicago track elevation ordinances, is over 98,000,000
The
work was commenced in June 1903, and up to June 80 1905 there had been
expended $229,000.
Financial Condition.
On June 30 1905 tin- company had current assets
aggregating $948,627, viz
Cash and quick assets, $518,126: disputed
accounts, $188,148- treasury securities (1st If. bonds, par 955,000 -lock.
<»n the same date the
$10,800), 983,776 material on band, 9206,578
—
—
83.305
41,836
429.317
Total income...
2,327,544
Deduct
Int. on
funded debt..
931,710
Int. on unfunded debt, cr.100,439
Lease rentals..
25,883
Divs. on com. stock .. (3)350,000
Divs. on pref. stock ... (4)600,000
Net def.of subsid'y cos.
42,588
1904-05
1903-04
1902-03
preliminary statement givs the following information:
49.558
406.600
(67.65)
Net earnings
Income from secur's
Net income subsid. cos.
Miscellaneous income.
Fiscal Year.
Maine Central Railroad.
(Statement for Fiscal Year Ending June 30 1904.)
A
—
Expenses
Maint .of way etc
Deduct—
Rentals (includ. equip.)
Interest paid
Miscellaneous
54,412
422,629
Miscel aneous
Total
1901-02.
929
Miles oper. June 30
Operatitms
1,716,083
1,933.545
2,009,022
1,938,340
Passengers carried
Pass, carried 1 mile... 82,296.920 80,268,023 81.432.117 75,768,267
cts.
2.03 ct.
2.05 cts.
2.05
per
m._
2.04
cts.
pass,
per
Rate
2.753.615
2,825,601
2,768,307
2,816,707
Freight carried (tons).
Freight carried 1 mile. 724, 272, 240 805,221,410 759.916.612 804,613,173
0.69 cts.
0.72 cts.
0.74 cts.
Rate per ton per mile. 0.70 cts.
291
271.75
277.24
Rev. train load (tons). 296.01
$2.00
$1.96
$2.05
$2.08
Earn, per fr't train m.
$0,795
$0.S04
80.810
$0.S70
Earn, per pas. train m.
$8,122
$8,416
$9,179
$9,015
Gross earns, per mile..
$
$
$
$
Earnings
1,673.398
1,782,218
1,820,564
1,780,151
Passenger
5,549,808
5,633,438
5,096,543
5,811,059
Freight
326,481
407,535
460,603
431,463
Mail; express & miscel.
—
—
THE CHRONICLE.
898
current and countingent, amounted to $1,240,459,
Interest on first mortgage bonds due July 1 1904 and prior,
$1,240; due Jan. l, 1905, $302,500; due July 1 1905, $302,800; all other
unfunded
[Vol. lxxxi.
&
American Smelting
liabilities,
as follows:
current liabilities, $423,623; contingent liabilities, special funds and appropriations, $210,201; excess of current and contingent liabilities,
matured, accrued and contingent, over current resources. $291,827.
Results for four years were as follows:
Other truant-' and income...
and switching
Passenger
Total earnings
Operiih)"/
1
Maintena
98,238
820,909
51,016
1,540,114
1,570,705
1,740,372
1,639.116
143,288
105,077
170,572
031,250
105, M)l
70,000
198,195
153,177
569,934
102,363
112,000
179,749
134,156
481,412
99, 316
111,500
1903-04.
$
$
569,351
From RR. tenants.. .
Freight
1901-02.
$
515,148
136,364
857,514
01,749
1902-03.
$
629,077
123,376
921,543
72,370
1904-05.
—
—
xpi nses
ay, etc
Equipment
110, 155
Conducting transportation..
General txpenses
Taxes
583,522
96,894
87,800
Total expenses
Interest on mortgage debt. -.
1,051,058
057,500
BALANCE SHEET JULY
Assets—
Property and franchises.
Cash (incl. for coupons).
Accounts receivable
Accounts receivable (disputed)
Agents and conductors
Treasury securities
Materials on hand
and
Profit
106,743
84
08,009
loss deficit
597,000
1.
1903.
1904.
$
$
...46,418,054 46,105,512 45,402,364
359,592
271,468
136,187
174,912
600,995
114,720
342,170
323,652
234,714
90,058
49,001
246,517
S
Earnings
Ordin'y repairs and betterments
and general!
Liabilities
—
.
10,500,683
878,648
729,224
Total deductions
1,607,872
Netearnings..
8,898.811
Less: Employees' profit-sharing fund..
216,815
Total
8,081,996
construction, improvements and
metal stock account
1,063,084
New
Netincome
9,425,443
818,141
701,729
1902-03.
8
9,403,711
770,864
1,056,071
1,519,870 1,826,925
7,905,573 7,576,786
91,264
7,814,319
7,576,786
1,097,582
2.155,683
Dividend on preferred stock
Dividend on common stock
7,618,912
3,500,000
2,500,000
6,716,737
3,500,000
1,250,000
5,421,103
3,500,000
Total dividends
Surplus for year
Surplus previous year...
6,000,000 4,750,000
1,018,91211,966, 737
6,839,808 4,873,071
3,500,000
1,921,103
2,951,968
8,458,720
4,873,071
Totalsurplus
Common
..13,000,000 13,000 ,000 13,000,000
..17,000,000 17,000 ,000 17,000.000
& Ind." Section)16,239,000 16,239 ,000 15,444,000
350,592
303 ,218
Vouchers and pay-rolls
282,211
312 ,258
283,083
Interest matured and accrued.
614,498
81,334
Taxes accrued
66,707
70 ,038
312,000
Bills payable
66,746
93 ,820
Contingent reserve fund and miscel
265 ,345
228,734
210,291
360,495
Profit and loss, surplus
10S ,554
stock.
Preferred stock
Funded debt (see"Ry.
6,839,S08
30.
ASSETS AND LIABILITIES APRIL
Assets—
1905.
Property
Investments
Metal stocks
86,S45,670
a3.9S2,576
16,418,543
1,118,902
4,636,649
Material
47,479,455 47,392,235 47,060,239
Total assets
1903-04.
1,006,133
1905.
$
37,208
390,787
188,148
90,131
33,775
208,578
112,773
05.
Interest, taxes
1,709,158 1,772,700 1,733,270 1,603,733
def.169.045def.201.911 sur.13,102 sur.35,383
Surplus net income
RESULTS OF OPERATION.
01(1.282
1,135,670
597,600
1,143,300
629,400
{Report for the Fiscal Year Ended April 30 1905.)
The report will be found at length on pages 920 and 921.
The comparative tables of earnings, income account and
balance sheet for three years are given below.
EARNINGS, EXPENSES AND CHARGES.
burnings
Refining Co.
Cash
Total
Liabilities
$100,000,000 S100, 000,000 8100,000,000
561,000
920,000
965,000
1,855,641
638,610
1,177,759
2,126,979
2,431,969
2,315,531
8,458,720
6,S39,808
4,873,071
Bonds
Profit
and
1903.
886,845,671
-1,028,598
18,010,687
1,107,253
2,339,154
8113,002,340 8110,830,387 8109,331,362
—
Capital stock
Net current
Margins
1904.
$86,845,671
1,680,306
17,032,300
1,224,688
4,047,423
liabilities
loss
Total
— V.Does
560.
81,
not include
8113,002,340 $110,830,388 8109,331,362
p.
Total
—V.
.47,479,455 47,392,235 47,060,239
liabilities
81, p. 777. 154.
Brooklyn Rapid Transit Company.
{Report for Fiscal Year Ended June 30 1905.)
The remarks of President Winter will be found on
pages 917 and 918.
A comparative statement of the Brooklyn Rapid Transit
system for the years ending June 30 is as follows:
CONSOLIDATED INCOME ACCOUNT.
13,086,840
75,658
117,823
1901-02.
$
12,321,265
64,902
124,455
99,054
81,877
96,562
99,051
93,248
85,247
14,950,561
13,557,814
12,788,168
615,669
1,206,325
1,501,746
2,673,863
1,129,711
987,635
537,265
45,893
62,330
495,188
812,600
a
567,059
1,160.999
1,262,429
2,605,330
975,561
1,094,745
543,274
a
a
a
1904-05.
$
15,649,401
219,640
123,511
340,892
101,504
59,741
90,890
1903-04.
$
14,429,546
127,260
132,655
65,697
103,071
56,711
35,620
Total
16,585,579
Expenses
Maint. of way & struct.
816,275
Maint. of equipment
1,655,623
Operating power plant. 1,356,621
Trainmen's wages
2,768,860
Oper. of cars miscel... 1,213,708
Damage & legal exp
999,527
General expenses
552 ,068
Fr't, mail & express exp
139,515
Am. Ry. Traf. Co. exp.. 301,672
Receipts
—
.
Passengers
Freight, mail, etc
Advertising
Am. Ry.
Rent
Rent
Co
Traf.
of track, etc
of lands, etc
Miscellaneous
—
—
Total
Net earnings
Taxes
Fixed charges (net)
Special app.
&
miscel
Total
Balance, surplus
1902-03.
$
1,680,751
2,542,214
908,310
956,730
535,286
9,803,870
6,781,709
827,951
4,350,540
453,285
8.760,439
6,190,122
748,258
4,052,957
383,706
7,931,079
5,626,735
757,789
3,904,068
208,481
8,209,397
4,578,771
742,817
3,732,633
84,428
5,631,776
1,149,933
5,1S4,921
1,005,201
4,870,338
756,397
4,559,878
18,893
a Distributed among foregoing Items.
CONSOLIDATED BALANCE SHEET JUNE
A.
sscts
—
Cost of road, etc
Add'ns & bett'mentsnot distrib
Advances for construction:
Brooklyn City RR. Co
Nassau Electric Co
Prospect Park & Coney Isl. RR..
Brooklyn Union Elevated RR
Construct'n exp. constituent cos
Guaranty fnud
Treasury bonds and stock
Due from companies & individuals.
Prepaid accounts
Material and supplies
Cash
Accounts receiv.
&
miscellaneous..
Total assets
Liabilities
—
1904.
$
1903.
$
103,360,105
99.114,624
92,488,400
1,037,019
6,496,141
6,003,941
478,676
302,960
5,479,787
1,948,930
214,574
1,681,267
a2, 154, 924
l,81~6~6i7
4,005,755
2,563,228
445,558
144,357
804,137
1,430,495
6,500
4,005,755
5,870,228
294,441
337,728
837,802
2,500,893
Miscellaneous..
Profit
and
Total
loss,
surplus
liabilities
638,691
694,907
1,239,905
214,365
984,723
cover.
—V. 81, p. 263, 30.
255,228
185,275
386,849
416,548
598,721
16,187
45,990,255
66,982,040
342,140
3,250,000
644,460
1,327,881
791,187
162,836
1,594,190
45,985,655
57,524,000
337,140
866,386
1,095,974
1,041,799
115,749
1747,840
121,889,876 121,084,989 108,714,540
1st ref. gold mort. 4 p. c.
certs, of indebtedness to
To be reimbursed by issuance of R. R. T.
bonds upon deposit with Cent. Trust Co. of
a
,005,755
121,889,876 121,084,989 108,714,540
Capital stock
45,956,605
Bonds (see "Street Ry." Section);.. 71,831,040
Real estate mortgages
329,640
Loans and bills payable
Accrued interest and rentals
Accrued taxes
Audited vouchers
30.
1905.
$
a
value $17,751,000.
177,510 shares
Am.
Smelters' Securities Co., par
American Locomotive Co.
{Report for Fiscal Year Ending June 30 1905.)
The summary of operations for the fiscal year was given in
the "Chronicle" last week.
President Albert J. Pitkin says in substance:
General Results.
The gross earnings were $24,150,201, a decrease of
$8,918,549 from those of the year previous. The earnings included the
revenue from the sale of new locomotives, both steam and electric, and
—
extra parts; the sale of steam shovels, dredging machinery, trucks for
electric service and rotary snow-plows; and also, to an increased extent,
the overhauling of old locomotives and sundry other items of income.
The expenses were $19,796,533, a decrease of $7,608,452 from those
In making up the expenses the principles of preof the year 1903-04.
vious years have been followed, namely, to include the direct manuboth labor and material and all indirect charges against
facturing cost
production. These latter included liberal disbursements for the maintenance and renewal of buildings, machinery and tools, all shop supplies
and expenses, local and general office administrative disbursements,
taxes, insurance, &c, and included the usual depreciation charge of 20 per
cent of book value of patterns, drawings and templets, iron flasks,
formers and dies and the customary adjustment of stock material values.
It has seemed wise to the directors to charge against the income the sum
of $1,883,557, representing the cost of its permanent investment in the
works at Montreal.
During the past fiscal year the company's policy of improvements and
re-construction of shops and machinery has been continued, a further
reduction in manufacturing cost being one of the satisfactory results.
Additions, &c.
Additions to the property during the year amounting
to $466,952 and betterments costing $131,251 have been charged against
the "Extraordinary Improvement and Betterment Fund" of 81,000,000
created June 30 1904, leaving a balance of 8401,796, which will be used
for similar additions and betterments during the new fiscal year.
Purchase of Rogers Locomotive Works. The most important financial
transaction of the year was the purchase of nearly all the capital stock
preferred and common, of the Rogers Locomotive Works of Paterson,
N. J. The cost of these securities, which is carried in the investment
account on the general balance sheet, is to be met entirely from the surplus of the American Locomotive Company. The Rogers Locomotive
Works was organized in 1831, and is therefore one of the oldest locomotive
building establishments in this country. It has a capacity of 200 standard-gauge locomotives per annum, and its manufacturing equipment
has been greatly improved in recent years.
Satisfactory progress has been made in the
Atlantic Equipment Co.
development of the Atlantic steam shovel. Its mechanical efficiency is
now thoroughly established and its sales have greatly increased. The
company proposes to devote a separate shop at the Brooks works exclusively to the manufacture of the Atlantic shovel, the sales of which,
as heretofore, will be negotiated through the Atlantic Equipment Co.
Aided by experts, the management is conElectric Locomotives, &c.
stantly watching for opportunities to broaden the scope and strengthen
company
the industrial field.
the
in
Particular attention
the position of
is being paid to the possibilities of development of the electric locomotive,
service,
motor
electric
cars
and
other
power
vehicles, &c.
for
trucks
In considering the large decrease in operations as compared
Outlook.
with previous results, the stockholders should bear in mind that the
depression in general business throughout the country began in the fall
During this
of 1903 and lasted until a corresponding preiod in 1904.
depression very little new business originated among the iron and steel
producing and manufacturing companies, which worked chiefly on orders
received prior to Oct. 1 1903.
This condition applied with particular force to the manufacturers of
railroad rolling stock, although having so large a number of contracts
on the books, the shops were kept busy on existing orders during the
first 9 months of the previous fiscal year, ending June 30 1904, and the
effect of the absence of new orders was not apparent in the last annual
The output for 1903-04 was based almost entirely on the heavy
report.
orders received in 1902-03: and the lack of corresponding new orders in
1903-04 is the direct cause of the large decrease in the fiscal year just
The company has passed through this trying period without
closed.
jeopardizing the dividend on its preferred stock, and since the resumption
of business prosperity it has secured its full share of orders for new locomotives. The company has completed four years of existence, each of
which has varied greatly from the others not only from the standpoint
of the general condition of business, but in respect of the company' B
—
—
—
—
—
—
—
—
——
THE CHRONICLE.
Sept. 16 1905.1
preparation to handle its product mo^t economically; ami the Bnanoial
results, under suc-h widely different condltlone, have strengthened tinexpressed faith ol the management In the future.
Assets
CONDENSED BALANCE SHEET ;JUNE
MM.
1005.
—
—
-
„.
Cost of prop'ty..x45.0oi.0Sl
owned. a3,
Securities
Cash .
AoeVa receivable. 7,822,655
Advances to Mon924,392
treal works
A
Mater*!
..
2,229.520
2,114.290
6,934.359
,
1,428.018
1.739,057
supplies. 1,946,405
Oontraol work
Aiuenean
$ _._
1.705
4.>..>.
148.13
1.902.106
]
200.000
125,000
Locoia. JStk..
Co.v . )
Liabilities
Common
so.
1904.
1905.
$
s
stock
25,000,000 25,000.000
Preferred stock... 26,000.000
-
Boadl
of constituent companies.. zl.2S7.500
Accounts payable. 3,312,542
Uiiia payable
S. 100.000
Unclaimed nter"st
ll,465
ayable
Dividend
In July
437.500
268
137.500
Extr'y Impr't and
401.796
bet. fund
5.420.019
1'rotHaud loss
63.910.823 60.216.943
Total
„„
1,000.000
4,812,094
.63,910,823 GO.216.945
a Includes $900,000 Am. Loo. Co. pref. stock- Rich. Loc. & Mach. Works Co.
bonds
da, $118,000: Rogers Loo. Works stock. $l,9t>2, 706; sundry securities, $407. 425.
$25 ),0M each of common and preferred held In trust lnil904; $250,000 preferred
In 1905.
x Including all the capital stock of the Richmond Locomotive Works, Manchester Locomotive Works and American Locomotive Co. of New Jersey and securties aa.lipther property of Locomotive A Machine Co. of Montreal. Llm.
V. p. 81, 840.
z Bonds assumed. -See full description in V. 75, p. 609.
—
,
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
—
Atchison Topeka & Santa Fe Ry. Consolidation and
Lease of Subsidiary Lines. The shareholders will vote at
the annual meeting on Oct. 26 on the following propositions:
—
(a) To ratify the lease of the Oakdale Western Ry., a branch line which
has been built and placed in operation from Riverbank, Cal., to Oakdale,
Cal., about seven miles, for the purpose of securing access to certain
timber properties.
(6) To confirm the purchase of the stock and bonds of the Oakdale
Western Ry. and of the Jasper & Eastern Ry., respectively, and the construction of the railways of said companies, the Jasper & Eastern Ry.
extending from Ivirbyville, Texas., to the Louisiana timber districts, and
being completed for about 17 miles and under construction for about 60
mil'
To
(c)
Ry.
the purchase of the Southern California
ratifv
p. 210. 30.
—
F
— V.
81,
—
Baltimore & Ohio RR. Listing. The New York Stock
Exchange has listed 82,000,000 additional Pittsburgh Lake
Erie & West Virginia system refunding mortgage 4 p: c.
bonds of 1941, making the total listed $31,347,000. Of the
additional bonds 8377,000 were issued ,for enlargements,
betterments, etc., and $1,623,000 against underlying bonds
retired, viz.: 81,617,000 first mortgage bonds of the Pitts-
burgh ovj Western Ry. (increasing the amount of that issue
deposited as collateral under the refunding mortgage to
$8,935,000 and decreasing the amount outstanding to
$765,000), $6,000 West Virginia & Pittsburgh first mortgage
bonds, reducing the outstanding from $4,000,000 to 83,See list of collateral in V. 80, p. 1423, and V. 79,
994,000.
p. 2794.
Earnings.
For 11 mos. ending^May 31:
•11 mos.
Charges.
Gross.
Net.
Oth. income.
Bat., surp.
S61.921.S94 §21,124,589 32,973,282 $11,493,532 $12,604,339
59,689,182 19,580,525
1904-5
1903-4
—V.
—
—
SI, p.
210.30
&
Boston
Maine RR.
— New
•
debtedness, but which will be returned to this company on Sept. 1 1906,
when said certificates will be paid, be used to provide the remainder.
Further, that stockholders be given the option of paying their full subscriptions on Sept. 1 190c3, or in four equal instalments, payable Sept. 1
1905, Julv 1 1907, Sept. 1 1907 and Jan. 1 1908; full or proportionate
current dividends, as declared, to accrue from the dates upon which full
or partial payments of subscriptions are made.)
The proceeds will be applied on account of proposed expenditures aggregating $8,700,000, viz: 6,000 additional
freight cars 85,000,000; second track $1,100,000; new shops
The
$1,000,000; removal of grade crossings $1,600,000.
resulting increase of $433,000 in the dividend charge and
annual tax will be offset to the extent of $343,000 by the reduction of interest and sinking fund charges through refunding operations. V. 81, p. 665.
—
—
Buffalo & Susquehanna RR. Listing.
The New York
Stock Exchange has listed 82,216,000 additional first mortgage refunding 1 p. c. bonds of 1951, making the total listed
$6,521,000.
Of the additional bonds $325,000 were issued
for new equipment; 81,750,000 on account of the purchase
of the 70 miles of main line and branches of the Sus'
hanna & Southern RR., and $141,000 on account of first
mortgage 5a of the B. & S. retired and refunded. V. 81, p.
:
612.
—
Chicago & Alton Ry. Application
York Stock Exchange has been asked
to
to
—
List — The
New
$5,
li-t
c. refunding 60-year bonds of 1929 oi
Alton RR. Co., making the total listed to
$37,350,000.— V. 81, p. 770.
additional 3 p.
Chicago
(V
&
Hamilton
&
—
—
Chicago Passenger Terminals.— Credit Due
Gazette."
— Attention
—
See CinLouisvile RR.
Lease.
Dayton Ry., below. V. 80, p. 849.
Chicago Cincinnati
cinnati
to
is
r
Age"
of Chicago,
—
Cincinnati Hamilton & Dayton Ry.
Majority <>j Stock
B. Hollins & Co. have sold to J. 1'. Morgan & Co.
a majority of the syndicate interest in the Cincinnati Hamilton & Dayton stock which carries with it Ha- control of the
Pere Marquette and the Chicago Cincinnati & Louisville.
Of the whole issue of so ,000 shares, the syndicate holds
65,000, of which II. B. Hollins & Co. control 50,000 shares.
The syndicate, having paid -15 p. e. of the purchase price,
has outstanding loans secured on the stock for the remaining
55 per cent; this last amount has been called for payment
from the subscribers on Sept. 30. The completion of the
payment, it is said, will release the stock, and enable the
Hollins' interest to turn over their holding to J. P. Morgan
& Co.
It is understood that the sale just made frustrates the
plans of other members of the syndic-ate for taking over
additional properties, including the Wisconsin Central and
the Toledo St. Louis & Western.
The plans of the Morgan
interest have not yet been worked out, but it is thought
likely that the Pennsylvania and the New York Central will
share in the ownership.
The common stock of the Erie RR.
has advanced this week three points on rumors (not confirmed) that that companv will benefit in some manner from
the new control of the C. H. & D.
The Detroit Toledo &
Ironton, controlled by another syndicate in which H. B.
Hollins & Co. are interested, is not included in the sale to
J. P. Morgan & Co.
Payment of Bonds. The $2,595,000 consolidated sinking
fund bonds of the C. II & D. which mature Oct. 1 1905 will
be paid on presentation at the United States Trust Co., No.
45 Wall St., New York: /iz 7s, $927,000; 6s, $1,292,000, and
5s, $376,000.
Stockholders'
Meeting.
A meeting of the company's
shareholders is advertised for Oct. 10 (1) to execute a lease
whereby the company shall become "lessee of the property
of the Chicago Cincinnati & Louisville RR. Co. in the State
of Ohio, and shall procure certain rights and privileges in
certain other property of the Chicago Cincinnati & Louisville
RR. Co.; (2) for the purpose of taking action upon the modification or cancellation of the existing contracts between this
company and the Pere Marquette RR. Co. and the Toledo
Railway & Terminal Co. dated June 25 1904 and July 1 1904,
respectively, whereby this company procured certain trackage
and other rights over and in the property of the Toledo
Railway & Terminal Co., and assumed certain obligations in
consideration therefor."
V. 81, p. 777, 507.
Sold.—B.
—
.
—
—
—
Connecticut River RR. Exchange of Stock. The shareholders will vote Sept. 20 on propositions (1) to acquire by
purchase or exchange all or any part of the capital stock of
the Vermont Valley RR. and (2) to issue the company's own
common capital stock, conformably to Legislative Acts of
1903, to an amount not exceeding at par the amount of
capital stock so required.
V. 80, p. 1911.
—
&
Bethel
RR.—Bonds.—The
shareholders will
meet at the company's office at Felicity, Ohio, on Oct. 10, to
vote upon issuing $100,000 of thirty-year 5 p. c. bonds, and
the execution of a mortgage or trust deed securing the same.
Frank Scott is President and J. C. Ginning, Secretary.
Great Northern Ry. Purchase. See Union Terminal Co.
Ry. of Sioux City below.— V. 81, p. 725, 668.
—
—
—
Helena (Mont.) Light &£Railway. Successor Company.
See Helena Light & Traction in V. 81, p. 777.
—
—
—
Lake Shore Electric Ry. Discharge of Receiver. The
receiver on Sept. 7 reported to the Court that the company's
entire floating debt (stated as $968,263) having been paid and
a considerable amount (reported as $800,000) derived from
earnings having been turned over to the Court for the benefit
of the property, it was desirable that the receivership should
be terminated.— V. 80, p. 2458, 1729.
Little
Ramsey
Kanawha RRr
Jr.
annuonccd
—Sale
last
of Ramsey
week the sale
Interest.
— Joseph
of his large interest in the Little Kanawha RR. syndicate (V. 81, p. 264;
V. 80, p. 2399), but withheld the names of the purchasers,
who are believed to be New York Central interests acting
through the Pittsburgh & Lake Erie, and possibly in conjunction with Pennsylvania interests.
Compare Wabash
RR. below.— V. 81, p. 264.
—
National RR. of Mexico. Extension of Notes.
Holders of
the $8,500,000 of 5 p. c. gold notes maturing October 1 1905
are notified by adve
ent on another page thai the company has arranged with Speyer & Co. for the extension
this issue of notes until Oct. 1 1907, with interest at the rate
of 5 p. c. per anntim, subject to redemption at the option of
the company on any interest, day on sixty da
by
publication.
of the
Holders who desire to avail the
privilege of extending their notes must present them on
or before Sept. 2~> at one of the following offic
in
New York,
Luaxd
at
offli
Bpeyer-Elli isen; in
Bank,
'
]
oi
''/,
called to the fact that the edit*
terminals.'' quoted in Largi
our issue of Sept. 2, was in the '-Railroad Gazette- of New
on "Chicag
—
Felicity
—
Stock in 1906. -President
Tuttle in his annual report for 1904-05 says:
It is recommended that the company make on Sept. 1 1906 a distribution among its stockholders of 53,319 shares of common stock, one new
share for each five shares of their concurrent holdings. That this stock
be provided in part by the authorization of 42,037 new shares, and that
the 11 ,2S2 shares now owned by the company and held by the trustees of
the Eastern RR. Co. as collateral for the payment of its certificates of in-
—
York of Aug. 25 instead of the "Railway
V. 81, p. 776.
as there stated.
,
1.512.500
L. 804,692
650.000
.
Total
899
The company has arranged with Speyer <v Co. thai tho
who do qoI d» ire to avail them elves of
polders of notes
hrivilcgf: of 6Xt<
I
"
par for
tie ir aot(
3
OH or
a:
<)<)<)
Oct. 1 1905 at any of
1917. 1908.
Newark
•Voi LXXXI.
THE CHRONICLE.
above mentioned. — V. 80, p.
the
Union Terminal Ry., Sioux City, la. — Change in Control. —
The Great Northern Ry.
has given notice to the votin
that
option
S.
Passenger Ry. — Bonds Offered. —
buy the entire
exercise
offices
(Jo.
J.
(N. J.)
Rippel, dealer in investment securities, No. 760 Broad St.,
Newark, N. J., is offering for sale $750,000 first consolidated
mortgage 5 p. c. gold bonds due July 1 1930, principal and
interest guaranteed by Consolidated Traction Co. of New
Jersey. Amount authorized and outstanding, including this
Upon the payment Nov. 1 1905 of the
issue, $6,000,000.
Essex Passenger Railway Co. 6 p. c. bonds, these .bonds will
become an absolute first mortgage on all the, property and
franchises of the company.
V. 70, p. 1049.
—
Northern Texas Traction Co., Fort Worth, Tex. —Change
Authorized Statement. Stone & Webster Boston
have added to their properties the Northern Texas Traction
Co. of Fort Worth, Texas.
The deal was consummated
Monday, and they will take immediate possession of the
in Control
—
—
property. This company comprises the local street railway
lines in Fort Worth, and the important high-speed interurban line between Fort Worth and Dallas. Stone
Webster now control the traction systems in five of the largest
cities in Texas, namely: Dallas, Fort Worth, El Paso,
&
trustees;
it
will
to
its
capital stock ($1,870,250) for a sum amounting to SI ,225,000,
payable on or before Oct. 1 1906. There are no bonds out-
standing.
Compare page 464 "Railway
tion of July 1905.— V. 71, p. 31.
&
Utah Light
Bonds.
— See
below.— V.
&
Industrial" Sec-
—
Railway, Salt Lake City. Exchange of
& Power Co. under "Industrials'^
Utah Light
81, p. 669.
Valley ER. — See Connecticut River RR. above.
— V. 76, p. 214.
Wabash RR.- -Mi Ramsey Asks
Proxies. — President
Joseph
Vermont
for
Ramsey
who it was expected would shortly
management owing to a disagreement with
Jr.,
from the
George J. Gould, is appealing to the stockholders and holders of debentures for proxies for use at the annual election
of directors to be held on Oct. 10.
His advertisement calls
attention to the many improvements and important extensions completed during the 10 years of his executive service,
on account of which "at least $12,000,000 was paid out of
net earnings," and expresses the opinion that "there shouid
be at an early day some pecuniary return to the owners.Compare Little Kanawha RR. above. V. 81, p. 669.
retire
Houston and Galveston.
A circular announces that the firm has acquired a majority
of the $2 ,500 ,000 stock at $75 per share (par $100) and will
buy at the same price all minority shares forwarded to the
Western Maryland RR. Merger of Subsidiaries. The
company's office Schofield Building, Cleveland, on or before shareholders will vote Oct. 18 on ratifying the purchase of
Sept. 18. The' company has paid 3 per cent, annually in the franchises and properties of the following controlled
dividends since August 1
1903.
The bond issue is companies:
$2,500,000, of which $2,185,000 has been issued.— V 80
Western Maryland Tidewater RR., Potomac Valley RR., Potomac
Valley RR. of West Virginia, Piedmont & Cumberland RR., Piedmont
p. 712.
&
Cumberland RR. of West Virginia, West Virginia Central & Pittsburgh
Panama RR. Called Bonds. In our advertising columns Ry.,
West Virginia Central & Pittsburgh Ry. in Maryland, Belington &
will be found the numbers of $182,000 sinking fund 6 per Beaver Creek RR. Co., and the Coal & Iron Ry.— V. 81, p. 614, 509.
cent subsidy bonds which have been drawn for redemption at
Western Pacific Ry. Status. See report of Denver &
the office of the company at par on Nov. 1.
V. 81, p. 841.
Rio Grande RR. in V. 81, p. 845.
Public Service Corporation of N. J. Bonds Offered.
See Newark (N. J.) Passenger Ry. above. V. 81, p. 778.
INDUSTRIAL, GAS AND MISCELLANEOUS.
St. Louis Rocky Mountain & Pacific Co.
Construction.
American Screw Co., Providence. Extra Dividend.
The Utah Construction Co. has been
Official Statement.
given the contract for building the first 120 miles of the new This company, which in June last increased its annual diviSt. Louis Rocky Mountain & Pacific Railway, which is to dend rate from 4 to 6 p. c, has declared, along with the
connect Des Moines, N. M., on the Colorado & Southern quarterly distribution of 1% p. c. payable Sept. 30 to
Railway, 80 miles south of Trinidad, Col., with the Elizabeth- stockholders of record Sept. 22, an extra dividend of
of
V. 80, p. 2459.
town and Baldy mining districts. This road will afford an 1 p.
outlet to Texas and the East for the product of the St. Louis
American Smelters Securities Co. New President.
Rocky Mountain & Pacific Company's coal mines in the Daniel Guggenheim has been elected President in place of
Raton district, and at the same time will open a promising Edward W. Nash, deceased. See American Smelting
&
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
%
c—
—
—
gold-mining region in the foothills at the eastern base of the
Refining Co. below.— V. 81, p. 670, 156.
Rocky Mountains. The railway will be of first-class conAmerican Smelting & Refining Co. Common Stock on 7
struction, with 80-pound rails, maximum grades of one per
cent and maximum curves of eight degrees, except in Cimar- p. c. Basis. The directors on Thursday declared a quarterly
ron Canon, through which somewhat higher grades and dividend of \% p. c. onits common stock, payable Oct. 16 to
sharper curves will be necessary. A contract for the rails shareholders of Oct. 2. This dividend, No. 8, marks an inhas been closed with the Colorado Fuel & Iron Company. crease in the annual rate from 5 p. c. to 7 p. c. The directors
It is expected that the line throughout from Des Moines to have also declared the 25th quarterly dividend of \% p. c. on
Moreno Valley will be ready for operation by the end of next the preferred stock, payable Oct. 2 to holders of record
year.
Henry Koehler Jr. of St. Louis, Mo., is President of Sept. 20.
Annual Report. See page 898 of this issue.
the road. The construction funds will be derived from the
New Officers. At the annual meeting this week the folproceeds of the sale of $3,500,000 of 5 per cent bonds to
Fisk & Robinson and a syndicate, as already reported in the lowing changes were made:
"Chronicle" of July 8.— V. 81, p. 730, 265.
President, Daniel Guggenheim, in place of the late Edward W. Nash;
—
—
—
—
—
San Francisco North
—
Pacific Ry.
Transfer'of Stock.
The
Court has confirmed, or been asked to confirm, the sale of
2,000 shares of this company's stock, which was held by the
estate of the late Isaac C. Wickersham of Petaluma, to
Arthur W. Foster, President of the California Northwestern,
the lessee of the road. The price paid per share was $30.
V. 81, p. 266.
::>:.::•;
Ry—
Southern California
SaZe— Seef Atchison Topeka &
Santa Fe Ry. above.— V. 80, p. 1059.
Southern Pacific RR.— Consolidation of Allied Lines Consummated. The long pending consolidation of the lead ng
Western lines of the Southern Pacific Co. was consummated
on Sept. 8 under this title by the filing of the necessary
papers with the Secretary of State of California.
The
capital stock is $160,000,000 authorized, of which $128,307,960 subscribed. The companies included in the merger
are: The Southern Pacific RR. Co. of California, the Southern
Pacific RR. Co. of Arizona and Southern Pacific. RR. Co.
•
;
;
—
of
New Mexico.— V.
81, p. 778, 156.
•
•
Tennessee Central Ry.—Rumored Sale.— President Fish of
the Illinois Central. denies the reports of pending negotiations
for the acquisition of the road by his company and the
Southern Ry.— V. 80, p. 1059.
—
—
additional Vice-Presidents, S. W. Eccles and C. M. Borden; Assistant to
President, with full duties of Vice-President in absence of President and
Vice-President, Edward Burns, heretofore and still Secretary; new director, W. S. McCormick of Salt Lake City, in the place of Edward W. Nash,
V. 81, p. 560.
deceased.
—
—
—
Notes Sold. The company has
sold to Brown Bros. & Co., Boston, New York and Philadelphia, $3,500,000 4}4% construction and equipment notes
of the Wood Worsted Mills, guaranteed as to principal and
The notes will mature
interest by the American Woolen Co.
as below: $500,000 March 1910; $2,000,000 Sept. 1910;
$1,000,000 March 1911. They will be offered for sale at 99
American Woolen Co.
and
interest.
Wood
President William M.
The Wood Worsted Mill
writes to the "Chronicle":
Corporation, incorporated in Portland,
Maine, on Sept. 6 with SI, 000, 000 authorized stock (all to be owned by the
will
a large mill in South Lawrence, Mass.,
Woolen
Co.),
erect
American
for the manufacture of yarns and men's-wear fabrics for which ground
has been broken. The new mill will start with a capacity of 300 looms
and 100,000 pounds of worsted yarn per week, and will be increased from
time to time as conditions warrant until the total capacit3' of the mill is
reached, which will he 1,000 looms with an output of 200,000 pounds of
yarn per week. The yarn made in excess of the goods will supply the
company 'with yarn which they have heretofore had to purchase in the
open market. The looms will supply the demand for certain lines of
staple goods, business for which has been allowed to drift away to competitors because of the inability of the American Woolen Co. to handle it.
The new construction will cost approximately $3,500,000. Officers of
new companv; President, Wm. M. Wood; Treasurer, B. F. Smith Jr.;
V. 81, p. 842, 815.
Secretary, F." W. Kittredge.
—
—
—
D. Appleton & Co. Balance Sheet. In answer to our
Texas Southern Ry. Sale Postponed. The foreclosure
sale has been postponed until Jan. 2 1906 and the upset price inquiry as to the amount of the company's stock, which in
the balance sheet of Apr. 29 1905 (V. 81, p. 840) is shown as
reduced to $300,000.— V. 80, p. 713.
$2,250,000 and in that of Feb. 1 1904 as §3,500,000, TreasToledo Columbus Springfield & Cincinnati (Electric) Ry.
urer L. W. Sanders advises us as follows:
—
—
Sale Authorized. The shareholders at Toledo on Sept. 6
authorized the officers to either lease or sell the right-of-way
and all other property now held by the company. The
"Toledo Blade" says:
The company
;
:
:
;
reports having secured about'80 p. c. of the right-of-way
between Toledo and Cincinnati. - Seven miles of grading between Lima
and Bellefontaine have been completed, and track has been laid from
Lima to Westminster. V. 79, p. 271.
—
The preferred stock has been increased from $500,000 to $750,000, the
The common stock has been reduced
increase being paid for in cash.
from $3,000,000 to $1,500,000, which reduction was effected by reducing
the book value of the assets of the company. These changes were made
to furnish additional cash capital and place the book value of the assets of
the company on an extremely conservative basis, and were a part of a
general readjustment of the affairs of the co8 4any as a result of a change
general readjustment of the affairs of the. company. as_a result of. a
change in its management. V. 81. p. 840. •_
—
———— ———
—
—
Edison Electric Illuminating Co. of
The results for the year ending June 30 were:
Dividends. Bal., sur.
Oth. inc. Int., etc.
Or
S '.
l')04-05 $3,340.1)21 $1,162,947 $5,105 $81,948 (10)11,070,770
UYear
1903-04
1,058,867 10,893
3,114.623
81, p.
167.
84,813
(10)973,405
li
—
—
William
Secretary.
11.
Neva
General Chemical Co.
Herbert
Nichols Jr. has been elected Secretary in plaee of
Bagg, deceased.—V. 80, p. 999.
,)
.
Great Lakes Dock Co., Chicago, Duluth, Toledo, Sault Ste.
Marie. Consolidation. -This company was incorporated
on May 2 1905 under the laws of New Jersey with !?:?,000,000
(common) stock in shares of $100 each and lias taken over the
entire business of the following companies: Chicago & Great
Lakes Dredge & Dock Co., Lydon ifc Drews Co., Bausler &
Lutz Towing & Dock Co., Duluth Dredge & Dock Co., el al.
The officers are: \Y. A. Lvdon, Pres.; T. C. Lutz, Vice-Prea.
and Gen. Ms;r.; Walter Cahill, 2d Vice-Pres.; W. J. McCarthy,
Secy.; H. C. Wild, Treas.; Geo. H. Jackson, Asst. Secy,
and Treas. The Corporation Trust Co. is the New Jersey
—
representativc.
Hamilton -Brown Shoe Co., St. Louis. Increase of Capital
President A. D. Brown, at the seventh annual banquet of the companyfat St. Louis on Aug. 25, announced that,
the company would shortly increase its capital stock from
Stock.
—
$1,500,000 to 52,500,000, to provide for the increasing busiThe sales this year, it is stated, will amount to about
ness.
$10,000,000. The "St. Louis Globe-Democrat" says:
Starting with moderate pretensions in 1872, this company to-day
operates six enormous specialty factories in St. Louis with a capacity of
3S.000 pairs of shoes a day. Each year it pays out S3.000.000 in salaries
to 5.000 employees, representing an industrial activity of nearly 20.000
But even with this output, conditions are looming up which will
souls.
necessitate the doubling of the Sunlight plant at 9th and Marion streets
by additional buildings.— V. 77, p. 2393.
—
Dividends.
The directors on
International Power Co.
Wednesday declared a "regular quarterly dividend" of 1 p. c.
on the $7,400,000 common stock, payable Oct. 2 to stockholders of reord Sept. 26 1905; and the regular semi-annual
dividend of 3 p. c. and an additional dividend of 1 p. c. on
the 3600,000 preferred stock, payable Oct. 2 1905 to holders
The extra dividend on the preferred
of record Sept. 13.
is declared because the charter provides that the preferred
stockholders are entitled in addition to the regular dividends
of 6 p. c. per annum, to participate equally with the common
stockholders in all other dividends. The only previous
dividend on the common shares was 23^ p. c. paid in 1902.
In the first half of the current year, 12 p. c. was paid on the
preference shares, discharging all the accumulated dividends
to Apr. 1 1905.— V. 80, p. 1426.
—
— ——
THE CHRONICLE.
New Member
Boston. Report. —
Sept, 16 I903.i
—V.
——— —
.
00!
—
N. Wallace,
J.
of Executive Comtnitee.
President of the Central Trust Co., has been elected a member
of the Executive Committee to succeed Win. E. Strong,
deceased.
The result- for the three and the nine months
Earnings
ending A.ug. 31 1905 (August estimated) were:
—
Vet
mos. ending
.lie/. :u
—
L905(estimated)
LCtual)
mos. —
;i
.(•
Preferred
dividend.
$60,000
60,000
1114,000
Interest
earnings.
1391,423
214,815
t<ir<s.
Balance,
surplus.
$217,423
10,8 1C
114,000
!>
8180,000
$342,000
$653,092
$1,175,092
1004-5 (estimated)
1SO.000
342,000
173,720
-695,729
J)
L903
surplus
1905
(estimated),
$2,907,789.
81,
v.
p. 781.
Aug. 31
Total
—
—
Standard Oil Co. Advance in Prices. The company has
advanced its prices for crude petroleum 2 and 3 cents a
The
barrel, Pennsylvania oil being now quoted at $1.30.
Erice of refined petroleum for export was advanced 10 cents a
The changes have attracted attention, since markartel.
it is thought, a reversal of the
V. 81, p. 158.
the past year.
ing,
—
downward movement
of
Tacoma
Industrial (Electric Power) Co. Favorable De& Webster confirm the following:
The Supreme Court of the State of Washington has handed down its
Webster propdecision In favor of the Tacoma Industrial Co., a Stone
erty, and adverse to the Baker interests of Seattle In the White River
now the Seattle-Tacoma
Co., an adjunct of the Snoqualmie Power Co.
This gives the Stone & WebPower Co. Compare V. 81, p. 781.
ster interests practical control of ample sources of water supply to
provide all the electric power that can be used for many years to come in
connection with the electric railway and lighting properties in which they
Compare V. 70, p. 927.
are largely interested at Seattle and Tacoma.
(The allied Pierce County Improvement Co. has since became the Puget
Sound Power Co., V. 74, p. 454, 254.)— V. 76, p. 927.
cision.
— Stone
<fe
—
—
Topeka Edison Co. Bonds Offered. E. H. Rollins &
Sons of Boston, Chicago, Denver and San Francisco, and the
American Trust & Savings Bank, the trustee, Chicago, are
offering at par and interest, by advertisement on another
page, the unsold portion of the $700,000 present issue of first
mortgage 5 p. c. gold bonds (authorized issue $1,250,000),
dated Sept. 1 1905, due Sept. 1 1930, optional for payment at
105 and interest Jan. 1 1915, or any coupon date thereafter.
See further particulars in advertisement; also in citation from
circular in last week's "Chronicle," p. 844.
—
Union Ferry Co. See page 921.
United Shoe Machinery Corporation. First Dividend
Declaration.
The directors on Wednesday declared initial
quarterly dividends of 1J^ p. c. on the preferred stock (37^0.
a share) and of 2 p. c. on the common stock (50c. a share),
—
both payable Oct. 14 to holders of record Sept. 20. These
are the same rates as paid by the old company, namely 6 p. c.
on the preferred and 8 p. c. on the common, although the
Los Angeles City Water Co. City votes in favor of $20,- latter stock was increased 50 p. c. in the recapitalization.
2463.
000,000 Water Supply Project. See "State & City Depart- V. 80, p.
ment," page 931.— V. 73, p. 496.
United States Steel Corporation, Trade Outlook. The
Missouri River Power Co. See Helena Power Transmis- "Iron Age" of Sept. 14 says:
A review of the whole iron industry justifies the'general statement that
sion Company in V. 81, p. 843.— V. 80, p. 1178.
—
—
Piney Coal
&
Coke Co.
Colliery Co. below.
—
New Company.
—
— See
—
Piney Colliery.— Called Bonds. Sale. This West Virginia corporation, of which G. H. Caperton is President, has
called and will pay on Dec. 1 at the office of J. P. Morgan &
Co. in New York its $100,000 bonds (of $500 each) Nos.
133 to 332, both inclusive, secured by a mortgage executed by
said corporation to Elbert H. Gary, trustee, dated June 1
The Piney
1901, and recorded in Raleigh County, W. Va.
Coal & Coke Co. was recently incorporated in West Va.
with $1,000,000 capital stock, of which $400,000 is 8 p. c.
cumulative preferred, to take over and develop the Piney
The new company, we arc
Colliery Company's properties.
not own any lands in fee, but will lease 5,100
not make any new mortgage. W. L. Connell
acres, and
will be President; Wm. D. Boyer, Secretary and Treasurer,
and W. M. Mucklow, General Manager, all of Scranton, Pa.
informed,
will
will
Rubber Goods Manufacturing Co. Increase of Stock by
Subtiiliary.
The Morgan & Wright Co., Detroit, now con-
—
trolled (V. 80, p. 1975, 1858), has filed a certificate of inci
of capital stock from $1,500,000 to 31,800,000, all paid in.—
V. 81, p. 36.
Seattle -Tacoma Power Co.
Decision.
dustrial Co. below.— V. 81, p. 781.
— See
Tacoma
In-
—
&
Sloss-Sheffield Steel
Iron Co. Stock Dividend. The
directors on Tuesday declared the regular dividend of 1
p. c. on the preferred stock; also the usual semi-annual dividend of 2J/2 P- c on the $7,500,000 outstanding
stock and in addition a dividend of 33 1-3 p. c. on the latter,
payable in common stock, raising the outstanding issue to
$10,000,000, the full authorized amount. The dividends
are all payable Oct. 2 to stockholders of record Sept. 20.
President Maben says:
-
enjoying great present activity and a brilliant promise for the future.
as to an adequate amount of work for the winter months
have not even arisen this year and the outlook is for work at high pressure
well into next spring.
Added to this come reports of a distinct improvement in England, whose business has been lagging until lately, the Continent having sent cheerful reports since the early summer.
There have been further heavy purchases of steel rails, the Pennsylvania RR. Co. leading with over 179,000 tons, distributed among the
The Missouri Pacific has added 25,000 tons
mills on the line of the road.
to former orders and the Harriman lines 32,000 tons.
The Soo line has
purchased 10,000 tons and the Wheeling & Lake Erie 5,000 tons. The
Tennessee Coal Iron & RR. Co. has orders on its books aggregating over
210,000 tons, which will keep the works busy far into 1906, while the
Colorado Fuel & Iron Co. is committed far ahead, it is understood that
the New York Central is negotiating for 160,000 tons and there are besides
in the market one system for 35,000 tons and another for 50,000 tons.
V.81, p. 618, 504.
it is
Piney
%
i
The $2,500,000 new stock is in payment for expenditures out of amines since the company was organized of over $3,000,000 which rightly
belonged to the common stockholders. These expenditures were in the
shape of purchases of new properties, the development of these properties, and additional
new facilities properly chargeable to capital account. The results of such expenditures are shown In Increased production of iron, coal and coke, ana the reports of the company plainly show
that it was money well invested.
The position of the company Is now
such that the directors thought It advisable to give to the common stockholders at this time new stock as a re-lmbursement for the money heretofore devoted to Improvements and to which they are entitled. '
<
The usual doubts
—
Utah Light & Power Co. Exchange of Bonds. The 4 p. c.
consolidated mortgage gold bonds can now be exchanged for
5 p. c. consolidated mortgage gold bonds of the Utah Light
6 Railway Co. Holders can obtain prticulars and forms for
lodging from the Gas, Water and General Investment Trust,
Limited, 251, Winchester House, London, E. C.
V. 79.
p. 2800.
—
—
Vandalia Coal Co. Bonds Offered. The Union Trust Co.
of Pittsburgh, the mortgage trustee, received subscriptions
from Sept. 11 to Sept. 14, inclusive, at 106% for $1,000,000
of this company's authorized issue of $3,000,000 first mortgage 6 p. c. pinking fund gold bonds, of which $500,000 are
rved for new acquisitions. These bonds are "an absolute
first lien on 19,500 acres of the best Indiana coal, with 3,300
acres of surface, and 26 operating plants with a capacity of
Sullivan,
1 ,800 tons daily on the Vandalia RR. in Clay, (been
,
Vigo, Parke and Knox counties, Ind.
The bonds have as
additional security a contract with the Granite Improvement
Co., a holding company of the Vandalia RR.,C overing
9,046 acres of undeveloped coal land." The bonds are dated
July 1 1905 and are due July 1 1930, but are subject tocallat
110 and interest on any interest date as provided in the mortgage.
The prospectus (V. 81, p. 216) applies, with only
slight changes, to the company as finally floated, the properties acquired being as foreshadowed, except that the
Linton Coal & Mining Co.,Cloverland Coal & Mining Co. and
the Indiana Bituminous Coal Co. are added to the list, while
no mention is made of the Shirley Hill Coal Co. part of whose
V. 81, p. 786.
properties were to be acquired, if advisable.
-_•; L
—
Investment Newt Concluded on Page 921.
,
THE CHRONICLE
902
tpoxU
anil
[VOL. LliXI.
^otummts.
CANADIAN PACIFIC RAILWAY COMPANY.
TWENTY-FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To the Shareholders.
The accounts of the Company
1905 show the following results:
Gross Earnings
Working Expenses
Net Earnings..
Interest on deposits and loans
Interest due from the Duluth
South Shore & Atlantic Ry. Co.
on Consolidated bonds held by
the Company
Less advanced by the
ended June 30
T
$50,481 ,882 25
35, 00b, 793 79
.$15,475,088:46
$372,531 47
-
$604,280 00
Company.. 179,280 00
Company
159,720 00
Interest from Mineral Range Railroad Co.
Bonds held by the Company
Interest from Montreal & Atlantic Ry.
on
50,160 00
on
bonds held by the Company
Dividends on Minneapolis St. Paul & Sault
Ste. Marie Ry. Preferred and Ordinary
Stocks held by the Co
47,250 00
530,002 00
1,584,663 47
$17,059,751 93
7,954,065 76
Deduct Fixed Charges
$9,105.686117
Surplus
contribution to Pension
of
Steamships and for
Fund
230,000 00
$8,875,686 17
From
has been charged a half-yearly
dividend on Preference Stock of 2 per cent
$757,066 66
paid April 1st 1905
And a half-yearly dividend on Ordinary Stock
2,535,000 00
of 3 per cent, paid 1st April 1905
this there
3,292,060 66
$5,583,619 51
From
has been declared a second
half-yearly dividend on Preference Stock of
payable
2nd October 1905
cent,
$757,066 66
2 per
And a second half-yearly dividend on Ordinary Stock of 3 per cent, payable 2nd Octo3,042,000 00
ber 1905
this there
to your Company for a term of years,
at a rental equal to the interest at the rate of four per cent
per annum, payable on bonds from time to time issued by
that Company with the consent of your Company, to an
amount not exceeding $30,000 per mile of the railway, upon
the condition that the Esquimault Company shall apply
the proceeds of all sales of land towards the redemption of
said bonds at par until such time as the total amount of
said bonds outstanding shall have been reduced from $30,000
per mile to $14,000 per mile of railway.
9. Your Directors have entered into an agreement for an
interchange of traffic at the International Boundary with the
Spokane International Railway Company, whose line will be
connected with yours by a branch, twelve miles in length,
now under construction from Yahk on your British Columbia
Southern line. By this means your railway and its connections will secure access to Spokane, a most important commercial and industrial centre in the State of Washington.
425,000 00
Interest from Minneapolis St. Paul & Sault
Ste. Marie Rv. Co. on bonds held by the
Deduct amount applied against cost
1905.
Esquimault Company
for the year
-
-
30
10.
The Nicola Kamloops & Similkameen Railway Com-
pany
are constructing a railway from Spence's Bridge on
your main line in British Columbia to the coal fields in Nicola
Valley, a distance of forty-five miles.
It is intended that
this line shall be gradually'.extended through the Similkameen
Valley, and, eventually, to a connection with your Columbia
&'j Western section at Midway.
There will be submitted
for your approval a resolution authorizing a lease by your
Company of the section now under construction at a rental
equal to the interest at four per cent per annum on bonds
of that Company issued with the consent of your Company
to an amount not exceeding $30,000 per mile.
11. On all your traffic to and through St. John, N. B.,
you have been required to pay tolls to the St. John Bridge
& Railway Extension Company, owners of the bridge between your terminus at Carleton and the City of St. John.
With the increase in business these tolls became burdensome,
and your Directors decided to ask your authority to build
another bridge unless some more favorable agreement could
be made with the proprietors of the"present structure. An
arrangement has been made that gives your Company absolute
control of the property at a cost of $200,000, and a resolution
2. The working expenses for the year amounted to 69.35
will be brought before the meeting authorizing Capital ex.
30.65
per cent of the gross earnings, and the net earnings to
per cent, as compared with 69.42 and 30.58 per cent respec- penditure to that amount. The property is subject to outstanding mortgage bonds to the amount of $125,000 bearing
tively in 1904.
interest at 5% per annum and to a Government lien of
3. Four per cent Consolidated Debenture Stock to the
$433,900 at four per cent per annum. This transaction will,
amount of £1,406,575 was created and sold, and the proceeds on the basis of last year's traffic, represent to your Company
were applied as authorized by you towards the construction an annual saving of over $30,000.
of branch lines and the acquisition of mortgage bonds of the
12. To serve a large district that is being rapidly settled
Calgary & Edmonton Railway Company, the Tilsonburg
is necessary to build a branch line from a point in the
it
Lake Erie & Pacific Railway Company, the Northern Colonization Railway Company and the Guelph & Goderich Railway vicinity of Wolseley, on your main line, to Reston on the
Company, the interest on which had been guaranteed by Souris Branch, a distance of 122 miles. A resolution will be
submitted approving the construction of this line and authoryour Company.
izing the issue and sale of the requisite Four per cent^Consoli4. Preference Stock to the amount of £900,000 was also
dated Debenture Stock for the purpose.
created and sold and the proceeds applied to purposes for
13. There will be laid on the table for your further informawhich your authority had already been obtained.
and you will be asked to approve, an agreement between
tion,
5. During the year 509,386 acres of land were sold for
and the British Columbia Electric Company
$2,446,300, being an average of $4.80 per acre, and from the your Company
operation
by|electricity of your Vancouver and Lulu
the
for
proceeds of land sales a further amount of $3,500,000 was
deposited with the Dominion Government on account of the Island Railway between Vancouver and Steveston, in order
$15,000,000 Land Bonds Mortgage, leaving a balance due on that a more frequent service may be provided than would be
account of this Mortgage of $8,000,000, against which are practicable on a fine operated by steam. The agreement
deferred payments, on account of land and town-sites sold, of provides, amongst other things, that the Eleetric Railway
Company shall equip the railway as an electric line and oper$14,659,179 63.
ate it continuously over its whole length, giving a good and
6. Your Company's guaranty was~endorsed on Consolisufficient service until February 11 1924. unless the property
dated Bonds of the Minneapolis St. Paul & Sault Ste. Marie
of the Electric Company be taken over by the City of JVanRailway Company to the amount of $3,620,000, representing
couver in 1919, in which event the contract will lapse.
the cost of 181 miles of additional railway constructed in
14. The construction of the second track between! Winniextension of its system, which extension promises to add to
peg and Fort William, mentioned at the last annual meeting,
the already prosperous business of that Company.
is proceeding, and it is expected 4 that the work will be comW~ 7. Two additional steamships for the Atlantic service of
in about three years, by which time everything in14,500 tons gross register and 18}^ knots sea speed are being pleted
that it will be urgently required. In the meantime,
dicates
constructed under a contract authorized at the last annual
result of your expenditures for the reduction of grades
the
as
meeting. It is expected that these steamships will be ready
and general improvements, enabling you to run heavier locofor service on the opening of St. Lawrence navigation in 1906.
and cars, you can move over the single track 'beTheir cost, with equipment, will be approximately £800,000, motives
and Fort William a very much larger tonnage
Winnipeg
tween
and a resolution authorizing the issue and sale of the neceswould have been possible in previous conditions.
sary securities to meet this expenditure will be submitted than
15. The construction of the main canal and of.secondary
for your approval.
canal "A," for the irrigation of the Company's lands between
i
8. For the purpose of reaching the trade and participrogressing satisfactorily, and it is
pating in the development of Vancouver Island, your Direc- Calgary and Gleichen, is
about 110,000 acres of irrigated land will be
tors secured the necsesary legislation and made the requisite expected that
will then be prosecuted
agreements to enable you to acquire control of the Esqui- available early next year. Work
mault & Nanaimo Railway extending from Victoria to on secondary canal "B," for the purpose of bringing water
acres.
Wellington, a distance of seventy-eight miles. The Esqui- on about 200,000 additional
Directors have been engaged
your
past
time
mault & Nanaimo Railway Company owns a land grant
some
16. For
on Vancouver Island of approximately 1,600,000 acres in the development of a coal mine on the Company's lands
Youwill be asked to authorize a lease of the railway of th' near Banff. The development work is nearing completion
,
i
THE CHRONICLE
Sept. 10 1005.]
and the mine promises not only to safeguard your fuel supply
in that district but to be a source of considerable profit.
17. You will observe that the item "Cash subsidies from
Dominion and Provincial Governments and Municipalities,"
ami so much of the proceeds of land sales as were applied to
the construction and equipment of the railway, have been
transferred from the credit side of the balance sheet, wl
they have appeared up to the present time, to the other
side of the account in reduction of the item "Cost of Railway
and Equipment." After providing for the outstanding land
grant bonds, the balance of the proceeds of sales, amounting
to $7,676,552, is a free asset, and may properly be cla
with your surplus, available for any purpose.
18. Of the additional 125,500,000 ordinary capital stock
,authorized at the last annual meeting, the amount of S
900,000 was offered to the shareholders at par, and all was
subscribed for excepting 2,500 shares, which will be sold in
the open market.
19. Your Directors recommend that an amount equivalent
FIXED 0HABQE FOR YEAR ENDING JUNE
£7,191,600 1st Mortgage Bonds 5% due July 1st 1915
Province ofQuebec, 4 1-209!
i'.'uo.ooo Canada Central Ry. 2nd Mortgage 6
due Nov. 1st mil)
£200, ooo Bt. Lawrence & Ottawa Ry. 495
Bonds due June 16th 1910
$2,6 11,000 Man. Bouth Western Colon!
$7,000,000
$1,749,031 66
263,600 00
Bonds
58,400 00
:;
1st
Mortgage 5% Bonds due June 1st 1034
..
Toronto Grey 4 Bruce Ry. Rental...
15s. 6d. Ontario & Quebec Ry. Debenture
£4,007,331
£750,000 Algoma Branch
6%
'100
138,3i
1,40
00
23,800 oo
872,820 71
31,5.
a mi it on
Rental of Terminals at
..
Rental, Hamilton Jet. to Toronto ..
Rental St. Stephen and Mllltown Ry
Rental Lindsay, Bobcaygeon & PontypoolRy
Rental, Lachine Canal Branch
interest on Montreal & Western Ry. purchase
interest on Equipment Leases
For the Directors,
SHAUGHNESSY,
President.
S
30 1905
S
275,837,497 22
Cost of Railway and Equipment..
Less amount Subsidies and
Bonuses received
30,752,195 07
Less proceeds of land sales
expended in construction. 36, 193, 521 00
66,945,716 07
208,891,781 15
15,217,113 18
Ocean, Lake and River Steamships
Less amount applied in reduction of cost. . 2,268,224 69
12,948,88S 49
Acquired Securities](cost):
Exhibit "A"
Properties held in Trust for the
52,300 534 22
1,935,608 24
14,659,179 03
Company
Deferred Payments on Land and Town
Site Sales
Advances:
236,213
To Duluth South Shore & Atlantic Ry., Car Trusts, etc.
Material and Supplies on hand
8,191,297
Station and Traffic Balances, Accounts Receivable
3,870,440
Imperial and Dominion Governments:
Accounts due for mail transportation
254,612
16,496,291
Cash in Hand
19
27
19
42
41
319,784,S46 21
Capital Stock
Pavments on Subscription to New Issue Capital Stock,
84,500,000 00
14,238,074 00
816,900,000 00
Four Per Cent Preference Stock
37,853,333 33
Four PerCent Consolidated Debenture Dtock
89,200,549 32
Mortgage Bonds:
First Mortgage Bonds, 5 per cent
34,998,633 33
Canada Central Ry., 6]
973,333 33
Due Prov. of Que. on Q. M. O. & O. &
N.S.Ry
7,000,00000
•Algoma Branch, lst Mortgage
3,650,000 00
North Shore Ry., 1st Mortgage
010, 119 67
I
47,238,086 33
Land Grant Bonds:
Guaranteed 3
Less amount
4
per cent Land Bonds
15,000,000 00
paid Dominion Government
towards redemption
;;3,7."> I
1
40
40,027 86
00
2,01
0,661 64
1,021 80
10,235 77
120,0-13.00
4% CONSOLIDATED DEBENTURE STOCK.
£17,022,305 Interest from July lst, 1904
165,600 Interest from January 1st 1905
.
83,313,075 36
16,127 15
1,140,886 Interest from Julyjlst 1905
£18,328,880
'
$3i329,802 51
Less received from Subsidy
Northern Colonization Railway
the~death in
Company.
CONDENSED BALANCE SHEET JUNE
i
-18,000 00
$7,954,005 76
George R. Harris, who had been a member
He was always an active and zealof your Board since 1885.
ous member of the Board, and at all times^evinced the great-
T. G.
Montreal, August _25 1905.
."><
136 ,333 34
.July 1st 1037
Rental, Calgary A Edmonton Ry
Rental, Farnham to Brigham Jet
Rental, Mattawamkeag to Vanceboro
Rental, New Brunswick Railway System
Rentals of Terminals at Toronto
EXHIBIT "A"— ACQUIRED SECURITIES.
last of Mr.
est interest in the welfare of the
29
Mortgage Bonds due
lst
1
I
120',000 00
3.321,802 51
ROBERT G. REID, ESQ.
The Company sustained a serious loss by
21.
975
6%"
HON. ROBERT MAC KAY
DAVID MC N'ICOLL, ESQ.
March
127,200 00
l-lo.ooo oo
Stock
$2,000,000 Ontario & Quebec Ry! (Ordinary Stock)
£1,330,000 Atlantic North West. Ry. Lst Mortgage Bonds,
(less Government proportion) due Jan. l
1037
,
CHAS. R. HOSMER, ESQ.
%
80th. 1905.
'
1
of the last issue of ordinary share capital, or $2,5
to 15'
000, be transferred, as was done in the case of the previous
issue, from the accumulated surplus earnings; this amount
to be transferred to a special fuud for iinorovements, and for
such other purposes as in the opinion of your Directors may
conduce to the Company's advantage.
20. In accordance with the By-laws of the Company the
undermentioned Directors will retire from office at the
approaching Annual Meeting; they are eligible for re-election.
<)03
Mortgage Bonds
—
Par Value.
Ry., Eganville Branch, 4% First
Mortgage
8302,400 00
British Columbia Southern Ry., 5% First Mortgage
967,500 00
Calgarv & Edmonton Ry., 4% First Mortgage
1,040,000 00
Columbia & Kootenay Ry., 4% First Mortgage
1,277,500 00
Columbia & Western Ry., 5% First Mortgage
5,691,000 00
Duluth South Shore & Atlantic Ry., 4% Consol. Mortgage 15,107,000 00
Great North West Central Ry., 5% First Mortgage
875,000 00
Guelph & Goderich Ry., 4% First Mortgage
2,002,500 00
Minneapolis St. Paul & Sault Ste. Marie Ry., 4% Consolidated Mortgage
3,993,000 00
Mineral Range RR., 4% First Mortgage
1,254,000 00
Manitoba & North Western Ry., 6% First
Mortgage
£539,900 2,627,513 33
Manitoba & North Western Ry., 5% First
Mortgage
£219,000 1,065,800 00
Manitoba & North Western Ry., Shell River
Branch, 5% First Mortgage
£33,000
160,600 00
Saskatchewan <fe Western Ry., 5% First Mort'ge. £37,200
181,040 00
Montreal & Ottawa Ry., 5% First Mortgage
1,636,250 00
ManitobaJSouth Western Colonization Ry., 5% First Mortgage
72,000 00
Montreal & Atlantic Ry., 5% First Mortgage
945,000 00
Mortgage
First
North Shore Ry., 5%
616,119 67
Northern Colonization Ry., 4% First Mortgage.
418,000 00
Ry.,
First
Mortgage
Arrowhead
&
5%
Kootenay
780,000 00
Vancouver & Lulu Island Ry., 5% First Mortgage
280,000 00
500,000 00
Great North West Cen. Ry., 5% First Mortgage
Ottawa Northern & Western Ry., 4% First Mortgage
3,075,000 00
Tilsonbure Lake Erie & Pacific Ry., 4% First Mortgage..
875,000 00
£720,000 3,504,000 00
Pacific Steamships, 4% First Mortgage
400,000 1,946,666 67
Souris Branch, 4% First Mortgage
1,095,000 00
Pacific Coast Steamships, 5% First Mortgage... 225,000
15,000 00
Town of Morris, Manitoba, Bonds
Atlantic
OtflGT
& North-West
S6CH Tit i€$
Duluth South Shore & Atlantic Ry., Income Certificates.. $3,000,000 00
3,240,000 00
Atlantic & North West Ry., 5% Guaranteed Stock
1,000 000 00
Calgary & Edmonton Ry., Ordinary Stock..
140,625 00
Canada North West Land Company, Ordinary Stock
280,000 00
Chateau Frontenac Hotel, Ordinary Stock
2,000,000 00
Dominion Express Co., Ordinary Stock
5,100,000 00
Duluth South Shore & Atlantic Ry., Preferred Stock
6,100,000 00
Duluth South Shore & Atlantic Ry., Ordinary Stock
995,450 00
Kingston & Pembroke Ry., First Preferred Stock
Second
Preferred
Stock
do
134,650 00
Ordinary
Stock
do
1,777,650 00
Minneapolis St Paul & Sault Ste. Mane Ry., Preferred Stock 3,533,400 00
Minneapolis St. Paul & Sault Ste. Marie Ry., Ordinary Stock 7,066,600 00
Manitoba & North Western Ry., 5% Debenture
£126,000
613,200 00
Stock
Manitoba & North Western Western Ry., 5% Preferred
415,00000
Stock
North Western Ry., Common Stock
Manitoba
5,612,1 13 63
Montreal & Atlantic Rv„ Common Stock
2,160,000 00
Nakusp & Slocan Rv., Ordinary Stock
35,000 00
5,00
Ontario & Quebec Rv., Ordinary Stock
Railway,
Common Stock... 1,300,000 00
Ottawa Northern & Western
Railway,
Common
Saskatchewan & Western
Stock
232,500 00
2O.000 00
South Ontario Pacific Rv., Ordinary Stock
400,000 00
Tilsonburg Lake Erie & Pacific. Ry., Common Stock
<fc
7,000,000 00
$97,404,078 30
8,0'
Current Accounts, Pay Rolls and Traffic Balances
Interest on Funded Debt and Rental of Leased Lines:
Coupons due lst July 1905, and including
not presented
Con;
1,484,203 94
Accrued to date not due
284,870 96
9.183,221 95
EXHIBIT "B"— LANDS.
•
Sates.
1,760,083 90
Equipment Replacement Fund.
Steamship Replacement Fund
Land Grant:
of Land and Town Sites...
874 ,27
340,006 67
7.
19,01
319,784,846 21
—
Note. In addition to the above assets, the Company owns 10363,077
acres of land in Manitoba and the Territories (average sales past year
$4 80 per acre) and 3.681,480 acres in British Columbia.
1.
G. OGDE.V. Zrd Vice-President.
Amount
•
•
1908
1904
1
,461
857,474
80.342
29,622
—
Total Sales—
Julv 1st 1904 to June 30tl
July lst 1903 to June 30t
Acres.
41
Western
Julv 1st loot to June 30th 1906
July lst 1003 to June 30th 1904
Vortfi West Central Grant
Julv lst 1904 to June 30th 1905
July lst 1903 to June 30th 1904
Maniloiici South
Surplus
—
Grant —
Canadian Pacilic Land Grants
Julv lst 1904 to June 30th 1905
July 1st 1903 to June 30th 1904
/,-,•
../.
$2,045,800
3,616,864
296,036
Average
/•.
r Acte,
$4.97
4.10
3.70
3.84
.-,
1
4
so
i
1
,858
177,081
„.
$2,446,300
..
028,854
3.80.
$4.80
I
id
THE CHRONICLE.
901
POSITION OF LAND GRANTS AT JUNE 30TH
Canadian Pacific
—
1900.
Acres.
EXPENDITURES.
Acres.
ads on Prefi rence Stock
2 per cent paid October 1st 1904
-' per cent paid
April 1st 1905
Grants
20,710,400
Disposed or to tin: Dominion Government und
agreement of March 30th 1886
.- t;, 793,014
9,53
$1,455,733 31
:..
33,092
-
Pension Fund
•Quantity of lam unsold
Manitoba. South Western—
10,415,754
1
1,390,800
1,077,758
481
1,077,277
Quantity of land unsold
Great North West Central
•Total Grant
•Sales to June 30th 1905
Less, canceled during year
319,523
—
320,004
192,744
1
•
,440
191,304
Quantity of land unsold
128,700
owned by the Company
•Total agricultural land
10,863,977
Amount contributed for the vear
I roperties held in trust lor
ny
tl
Construction acquired and branch uni
bit "U"
Additions and Improvements, main line and branches,
Exhibit "B"
Auditions and Improvements, leased and acquired lines,
Exhibit"!?"
Koiling Stock, Shops and Machinery
Angus Shops at Montreal
Ocean, Lake and River SteamshipsFitting Atlantic Steamships lor Passenger
Service
$23,993 87
Additional barges and appurtenances
Payments on account New Atlantic Steamships
1,103,265 71
—
•Northern Colonization Ry.
1.085,240 78
3,736,083 79
1 100,91 1 06
,
62,50s 60
bonds
of
3,500,000 00
418,000 00
Lake Erie & Pacific Ry. 1st
Mortgage Bonds and Ordinary Stock
875,000 00
•Calgary & Edmonton Ry. 1st Mortgage
Bonds
1,040,000 00
Guelph & Goderich Ry 1st MortgageBonds 2,002,500 00
•Montreal & Atlantic Ry. 1st
MortgageBonds
945,000 00
Tilsonburg
•
—
7,898,205 36
Mortgage
1st
Bonds
•
BRITISH COLUMBIA LANDS
80,000
1,121,115 3z
3,569,408 54
1.189.768 18
Land Grant BondsAmount paid Dominion Governmeat on account
Securities Acquired
Columbia and Kootenay
Total Grant
Sales to Junel30th 1905.
$2,535,000 00
2,535,000 oo
5.070,000 00
9,501,632
Total Grant
Sales to June 30th 1905
Less, canceled during year
$698,666 65
757,006 66
Dividends on Ordinary Stock—
3 per cent paid October 1st 1904
3 percent paid April 1st 1905
19,917,386
Sains to June 30th 190.5
Less, canceled during year
[Vol. Lxxii.
•
190,000
50,758
•
•
.
Quantity of land unsold
British Columbia Southern
Total Grant
Sales to June 30th 1905
Less, canceled during year
139.242
—
•
•Less previous advances
3,600,000
•
I
145,372 97
Transferred from Treasury Securities and
Advances to Acquired Securities
•
•
57,762
Quantity of land unsold..
3,542,238
Total British Columbia Lands owned by the
799,627 03
•
58,249
487
Company
429,893 52
4,910,766 49
2,388,803 42
Increase in material and supplies^on hand..
$37,106,036 25
709,367 59
3,681,480
Less increase in current
liabilities
In addition to the foregoing the Company is to receive through the
& Western Ry. about 2,500,000 acres of land.
Columbia
36,396.668 66
16,496,291 41
Cash inlhand
EXHIBIT "C"— DETAILS OF BALANCE SHEET ITEM.
$52,892,960 07
LAND GRANTS.
I
535,259,023 28
9,501,632 acres and Town-sites sold, amounting to
6,793,014 acres disposed of to the Dominion Government
in 1886
10,189,52100
"
—Expenses, cultivation rebate
Grant Bonds retired and canceled
Less
$45,448,544 28
and 10% on Land
4,353,090 55
$41,095,453 73
AddProceeds Manitoba South Western Colonization Ry.
Land
$1,948,919 62
Proceeds Great North West Central Ry. Land Sales
768,998 66
Proceeds Manitoba & North Western Ry. Land Sales..
20,158 26
Interest
LINES.
Lachine Canal Branch
Souris Branch Pipestone Extension
do
Arcola-Regina Extension
Selkirk Branch
Lake^Winnipeg Extension
$5,250
90
755,589
4,688
338
706
169,751
2,633
——
—
McGregor Branch
do
Brookdale Extension
Snowflake Branch
Lauder Branch
—
$44,091,663 14
North Star Branch
Surveys projected Lines.
Trail Creek & Columbia
575,105 35
$44,666,768 49
Deduct
Expenditures on Irrigation.
02
51
01
96
49,33171
Wolseley Reston Extension
Pheasant Hills Branch
Land Bonds
51
45
76
22
68787
Darlingford Extension
$43,833,530 27
258,132 87
on Deferred Payments, in excess of Interest on
—
"D"— CONSTRUCTION: ACQUIRED AND BRANCH
'mt
Waskada Branch
,
Sales
Proceeds British Columbia Land Sales.
EXHIBIT
119,361
775,486
428
4,591
Credit.
7,500
Ry
Toronto-Sudbury Lines
48
92
06
86
00
-$1,881,436 34
1,687,972 20
796,695 24
$3,569,408 54
$43,870,073 25
'•Amount expended in construction
-Equipment and now deducted from
'
•
of Railway and
cost of property..
36,193,52100
$7,676,552 25
EXHIBIT "E"—EXPENDITURE ON ADDITIONS AND IMPROVE
MENTS FROM JULY 1ST 1904 TO JUNE 30TH 1905.
Main Line
Quebec to Bonfield
$179,268 60
412,907 53
5,490|361 66
Bonfield to Port Arthur
RECEIPTS AND EXPENDITURES YEAR ENDED JUNE 30TH
Cash
in
hand June 30th 1904..
Port Arthur to Laggan
1905.
$11,741,703 14
RECEIPTS.
9,105,686 17
Land Department
•
•
•
.
Montreal Terminal
Branch Lines
Surplus revenue as per statement
•
Laggan to Vancouver
Victoria Hotel
Lands and Town-sites:
Net proceeds of sales
$2,757,457 69
Less amounts remaining in Deferred Payments.
...2,436,174 92
Telegraph Extensions and Additions
Rented and Temporary Sidings
London, England (Completion)
Office Building,
'
Total for improvements/Main Line and Branches
•
.
661739
11
217i033
222,675
513^909
69,897
113,828
16,583
18
56
76
96
31
69
$7,898,205 36
•
$321,282 77
jv
!.
•
<
•
Collection of Deferred
vious years' sales
Payments on
pre-
2,981,476 21
•
3,302,758 98
Bonuses
•
Dominion Government Subsidy on
Dyment Branch
Pheasant Hills Branch
j
Amount
realized
from issue
of
£900,000
78,912 00
14,238,074 00
4,365,407 48
Consolidated Debenture Stock
Amount
Atlantic &]North-West Railway
$22,336 00
56 ,576 00
Subscriptions to $16,900,000 Additional Ordinary Stock
Payments on instalments.
Four Per Cent. Preference Stock
realized from issue.of £1,406,575
EXHIBIT "F"— EXPENDITURE ON LEASED AND ACQUIRED
LINES FROM JULY 1ST 1904 TO JUNE 30TH 1905.
Ontario & Quebec Railway
$656,331 05
7,273,056 18
New Brunswick Railway
Montreal & Western Railway
Manitoba South- Western Colonization Railway
Columbia
Manitoba
Great North- West Central Railway
Total, leased
and acquired
lines
.
50
46
38
37
21
82
99
1,085,240 78
$50,105,597 95
A dd$3,870,440 19
Station and Traffic Balances
Due from Imperial and Dominion Govern254,612 42
ments
STATEMENT OF EARNINGS FOR YEAR ENDED JUNE 30TH
From
"
Amount
& Kootenay Railway
& North-Westem Railway
194,284
61,285
39,737
27,422
49,723
51,859
4,596
at
June 30th 1904
$4,125,052 61
6,912,414 73
"
"
2,787,362 12
1905.
Passengers
$13 ,583 ,052 1
Freight
31,725,290 10
Mails
703,896 48
Sleeping Cars, Express, Elevators, Telegraph and
Miscellaneous,
including profit
from Ocean
Steamships
4,469,643 56
$52,892,960 07
•Total
$50,481 ,883f 25
)
.
TIIK CHRONICLE.
Skit. Ki 1905.]
DESCRIPTION OF FREIGHT FORWARDED
STATEMENT OF WORKING EXPENSES FOR THE YEAH ENDED
JUNE 80TH
<>0r>
1906
II
Barrels
Flour
Grain
Live Stock
172,1
5 15,3
Bushels
" "
Lumber
Head
Feet
.1
Irewood
.Cords.
Manufactured Articles Tons
Tons
All other Articles
l
1,634,6
r..
Looomoti vos
an
First
—
sleeping cars
on.'
1
.'.so
—
Erie,
—
—
Amur, Beaver, Charmer, Danube, Otter,
Pacific Coast Service.
Princess Beatrice. Princess Louise, Princess May, Princess Victoria,
Queen City. R. P. Rithet, Tees, Yosemite.
Upper lAke Service. Manitoba, Athabasca, Alberta.
— Aberdeen,
Kokance, Minto,
Moyie. Nelson, Rossland, Columbia, Proctor, Sandon, Slocan, York,
Victoria, Kooteuay, Valhalla, Ymir.
British Columbia Lake
Ferry Service.
and River
— Michigan,
Service.
1
1
,
!,st)_',i>0t
55,266,309
1
0.7(1 (is.
— Year ended June 30th —
6,251,471
677,940,190
1905.
0,891,511
730,774,844
1.S3 cts.
1.84 cts.
1904.
Number
Number
of passengers carried
of passengers carried
one mile
Earnings per passenger per mile.
...$340,660 54
80,000 00
19,327 89
Balance at June 30th 1904
contributed by Company for year
received from Interest
Amount
Amount
Payments
China, Tartar, Athenian.
—
0.77 cts.
I
STATEMENT OF CANADIAN" PACIFIC RAILWAY PENSION
DEPARTMENT TO JUNE 30TII 1905.
Lake Manitoba, Lake Champlain. Lake Michigan
Mount Temple, Montcalm, Montfort, Monteagle. Montrose,'
Montreal, Milwaukee, Mount Royal, Montezuma. Monmouth.
Empress of India, Empress of Japan. Empress of
Pacific Service.
Atlantic Service.
3 ,809 .80 ,962
0.74 els.
17
30,101
100"..
1,135,896
3 862,2 12,993
141
OCEAN, LAKE AND -RIVER STEAMERS.
•
Lake
30M
1904.
1
PASSENGER TRAFFIC.
88]
eeping and dining cars
Parlor cars, Official and Paymasters' cars
Freight ana cattle cars (all kinds)
Conductors' vans
Board, Tool ami Auxiliary Oars and Steam Shovels
Firs-
3,250,067
!0,515
10,180,847
Earnings per ton per mile..
1,016
Baggage cars and Colonist
lass Passenger cars,
I
mile
L905.
.-
,361
,768,930
3,1 19,669
!,736
Year ended June
Number
Number
i
1,803
2,61
of tons carried
of tons carried one
10,868
59,739,180
I
1
1903.
-STATEMENT OF EQUIPMENT AT JUNE 30TH
•
1904.
,0,432
52,990,161
,814,81
1,267,804
lo.rr.r
i
63,822,710
1,103,686
,100,378,217
268,401
Total
•
ended June
r
1908.
Conduct big Tranaportal Ion
Maintenance of way and structures..
Maintenance of Equipment
ping Cat Expenses..
Expenses of Lake and River Steamers
ral Expenses
Commercial Telegraph
8439,988 43
15,708 27
of Pension Allowances for year
Balance
in
Cash and Investments
Number on Pension
Under 00 years of age
Between 00 and 70 years of age.
Over 70 years of age
Total
$424,280 16
Roll at June'S0th1lQ05.
8
54
58
120
.-
Ontario.
^CHICAGO GREAT WESTERN RAILWAY COMPANY.
Including
its
Proprietary
Lines
:
Wisconsin
Minnesota
&
RR.
Pacific
Co.,
Mason City & Fort Dodge RR. Co.
THIRTEENTH ANNUAL REPORT— FOR THE FISCALWEAR ENDING JUNE
To
the
The following is a consolidated statement of the gross and
net earnings of the entire system:
Shareholders:
The directors submit the following report:
The company has operated this year 818 miles
—
55.58
miles less than in the previous year, which have been operated by the Mason City & Fort Dodge Railroad Company, a
proprietary line.
Inc.
1905.
Av. No.
The
of miles operated
gross receipts from
+)
or
Dec. (—
—
55.58
$8,022,673 83 — $644,903 29
5,904,057 16 — 780,904 04
873.94
all
sources have been
$7,377,710 51
Operating expenses have been 5,123,092 52
Net earnings
Taxes
(
1904.
818.36
$2,254,618 02 $2,118,616 67| + $136,001 35
216,000 00
215,985 03
+14 97
Income from operation
$2,038,618 02 $1,902,631 64+S135.986 38
Gross earnings per mile
9,015 24
9,179 89'
164 65
Operating expenses per mile..
6,260 19
495 49
6,755 68
Taxes per mile
263 94
247 14
+1680
Net earnings per mile
2,755 04
2,424 21
+330 83
Operating expenses to earnings, percentage
69.44
4.15
73.59
It will be noticed that while the gross earnings have de-
—
—
—
creased $644,963 29, the net earnings have increased $136,001 35, or 6.42 percent.
The passenger train earnings increased $44,777 16, or 2.21
per cent.
Miscellaneous earnings increased $24,775 77, or 13.05 per
cent.
The
freight earnings decreased $714,516 22, or 12.30 per
GROSS EARNINGS OF THE SYSTEM.
Inc.
Miles.
The operating expenses decreased $780,964 64, or 13.23
per cent.
The decrease in earnings was very large in the first two
months of the year, and the decreases continued during the
first ten months.
In May the earnings increased, and have
continued to increase each month since.
In July 1905 the only month which has elapsed since
the close of the fiscal year the earnings exceeded the earnings in the previous July more than $100,000.
And there
are reasons to believe that the increase in earnings will continue during the next fiscal year.
—
EARNINGS AND EXPENSES PER MILE FOR FOUR
SUCCESSIVE YEARS.
1905.
818 $7,377,710 54 88,022,073
Railway
Dec.
1904.
Chicago Great Western
—
102.
'
1903.
'.iOth.
1904.
1905.
Earningt
Freight
Passenger
Mail, express, etc
Total earnings
Operating expenses and taxs
Net operating income
$5,971
1,800
361
$0,001
1,917
$8,122
$.8,416
6,913
6,066
$2,209
$2,350
$6,649
2,037
80,228
2,226
194
$9,180
7,003
29
937,053 55
—28,929 33
271
675,417 64
678,382 47
—2,964 83
Pacific
RR
.-
1,467 $9,519,111 06-39,638,109
Total
85—3118,998 79
NET EARNINGS OF THE SYSTEM.
Increase.
1904.
1905.
Chicago Great Western R'lway$2, 254,618 02 $2,118,616 67 $136,001 35
Mason City & Fort Dodge Rail282,00130 199,896 24
road
481,957 54
Wisconsin Minnesota & Pacific
273,254 49
31,755 83
Railroad
305,010 32
$3,041,585 88 $2,673,932 46 $367.053 42
Total
These statements show that, while the gross earnings of
the System have decreased $118,998 79, owing to the large
decrease in the earnings of the Chicago Great Western Railway Company, the net earnings of the system have increased
$367,653 42.
The proprietary lines, being new, have not developed their
full earning capacity, and it is confidently expected that during the coming year both their gross^and net earnings will
rapidly increase.
STICKNEY,
A. B.
President.
CHICAGO GREAT WESTERN RAILWAY
No.
CO.
1.— DETAILS OF CAPITAL EXPENDITURES.
Additions to Rolling Stock.
At the date of the last Annual Report the Company owned
Rolling Stock which cost
$8,428,861 48
During the year there has been expended for various im-
provements to Equipment
20,135 44
.$8.44S,996 92
Permanent Plant.
There has been expended during the year for additional
terminals and improvements the sum of $713,574 03, as
follows:
•
Making'totaljcost
Additionsfand Improvements
•
•
to the
$130,297 55
25,970 90
56,728 22
109300 40
79,290 06
111,271 36
lor Terminals
or Double Tracking
For Grade Revisions and Widening Embankments
For Bridges and Culverts, etc..
For Ballasting heretofore Unballasted Track
For New Buildings, Water Nupplv, etc
Foi NCT Kails. Fastenings, etc
Bide Tracks
179.
-'•'.
B5
20 954 61
$9,015
$713,574 03
20,135 44
Rolling stock
$733,700 47
is only
;
52, 17
Eart of the System, the earnings and expenses of each lino
eing separate.
or
1,405,982 88
i
The company owns all of the stock of the
City &
Fort Dodge Railroad Company and of the Wisconsin Hii
sota & Pacific Railroad Company, which are operated
+1
83— $644,963
I
Years
(
(—)
Mason City & Fort378
Dodge Railroad
Wisconsin, Minnesota*
cent.
—
30, 1905.
should'be noted that the amount plao d agal
tin- expenditure which has been made during
may not cover the entln o ol u< Iti
and com]
commenced In the previous
""
commenced tins year and
menced thii year to be completed the following year.)
(It
I
-
i
I
•<
ir,
l
*°me
""'?
jome
com
THE CHRONICLE.
900
TABLE NO. II.— GENERAL BALANCE SHEET. CAPITAL ACCOUNTS. JUNE 30 1905.
[Vol. lxxxi
Surplus over all charges prior to 4 per cent Debenture Stock $1,236,375 72
surplus of previous years
21,674 81
ASSETS.
81,258,050 53
Cost of Rolling Stock Owned
$7,809,163 02
Cost of Rolling Stock Purchased on Car
Trusts
639,833 90
There have been paid two semi-annual payments of 2 per
cent each on the 4 per cent Debenture Stock, amounting
38,448,996 92
Cost of Road, including Terminals, to June
30, 1905
Stocks of Proprietary Companies
$25,210,571
Stock of Chicago Union Transfer Co
-57,274
An equal interest witli nine other Railway
Companies in the St. Paul Union Depot
Co
100,000
An equal interest with nine other Railway
Companies in the St. Joseph Union Depot Co...
25,156
An equal interest with eight other Railway
Companies in the Minnesota Transfer
•
Ry.Co.
St.
Joseph Elevators
64,580,059 55
01
Percentage
00
53
226,005 07
$190 79
351,898 49
From
From
From
From
From
From
From
$100,285,645 30
$27,579,689 00
1,452,600 00
$11,372,400 00
35,500 00
4%
B
$9,489,190 00
21,100 00
Preferred Stock
5%"Gold Notes, due 1906
$163,393
116,969
3,342,545
4,069,060
3,393
5%
5%
5%
Gold Notes, due 1907
Gold Notes, due 1908
Gold Notes, due 1909
5%,Gold Notes, due 1910
7,695,363 56
5%'Equipment Lease Warrants
381,984 29
1811,673 45
Advances from Earnings..
—12.30
+11,546 88
+10,431 93
+ 2.27
+ 6.43
+ 75.31
+ 14.29
103,685 74
100,888 78
+2,796 96
+ 2.77
—
+7,412
—2.40
33
—$8.04
Percenlag
Operating Expenses —
.
of Decr'se.
$865,142 20 $137,127 25
15.85
1,032,006 86
973,038 26
127,452 56
178,022 79
12.35
18.30
2,592,057 71
441,812 13
315,380 53
22,981 51
12.17
5.20
85,123,092 52 85,904,057 16 $780,964 64
13.23
2,276,677 18
418,830 62
XL— (Condensed.)
Owned
Locomotives
94
70
45
54
93
265
Freight cars
7,235
Passenger cars
148
Miscellaneous (ballast cars and plows, 104; tool.cars, 14; balance,
wrecking cars, steam cranes, etc., etc.)
153
TABLE XII.—MILEAGE.
The company owns the following mileage:
Miles. Miles.
Mainline
714.17
o 42.80
Branch lines
Total Liabilities
$100,285,645 30
R. C.
TABLE
WIGHT,
BALANCE SHEET REVENUE
COUNTS, JUNE 30 1905.
AC•
•
•
ASSETS.
of Fuel
756.97
The operated mileage is as follows:
Main Line, Chicago to St. Paul, via Oelwein
Main Line, Oelwein to St. Joseph, via Des Moines
Main Line, Bee Creek to Beverly
401.59
289.58,
23.00
714.17
—
Due from Agents and Conductors
Due from other Companies and Individuals
Supply
Total
Auditor Capital Accounts.
NO. III.— GENERAL
Current Accounts Receivable
+)
115,248 79
15,332 69
72,972 52
TABLES X AND
$91,396,624100
(
Dec.{—)
12
57
45
•
Year Ending Year Ending
June 30 1905. June 30 1904. Decrease,
Totals
9,468,090 00
44,464,545 00
Common Stock
or
)
$7,377.710 54 58,022,673 83—3644,963 29
General Expenses- . .
11,336,900 00
Lessjn Treasury
of Inc.
TABLE VII.— COMPARATIVE STATEMENT OF EXPENSES.
tation
$26,127,0S9 00
A
+ ) or
(—
14 $5,811,059 36— $714,516 22
1,780,151 13
+40,413 20
19
127,020 56
3,048 37
33
Maintenance of Way
and Renewals
$728,014 95
Maintenance of Equipment .
904,554 30
Fuel for Locom'tives
795,015 47
Conducting Transpor-
LIABILITIES.
4% Debenture Stock issued$27, 577, 000 00
4% Debenture Stock Scrip
2,689 00
5%"Preferred Stock
Less in Treasury
$5,096,543
1 ,820,564
123,972
Express
122,061
Rentals
26,879
Mlscell'neous
83,404
SurplusE'rn.
Total
1,470,581 74
Less in Treasury
Freight
Passengers
Mail
ings of proprietaryllnes
72,134 31
460,012 50
586,345 65
Total Assets
Year Ending Year Ending Inc. (
June 30 1905. June.30 1904. Dec.
Receipts—
160,000 00
.
$1,258,050 53
TABLE VI.—COMPARATIVE STATEMENT GROSS RECEIPTS.
25,560,00202
Bonds\and Stocks of other Companies
Cash with London Finance Committee
Cash in New York
Cash in London
Cash in St. Paul
Accounts Receivable
$1,044,976 00
213 074 53
48
7,00000
Kansas City and
a,*°,r- T -----Surplus
June 30 1905
Branch, Wilson Junction to Cedar Falls
Branch.jEdentoMantorville
Branch, Sycamore to DeKalb
$204,143 86
625,135 28
717,552 33
and Material on hand
7.48
7.57
6.81
20.86
$1,546,831 47
Cash on hand
Due from Capital Accounts
Total
$480,802 89
811,673 45
1,292,476 34
$2,839,307 81
735.03
Miles Leased.
St.
Paul to Minneapolis
Dubuque
to
10.56
14.34
10.18
2.70
8.83
36.72
Aiken
Chicago
DesMoines
St. Joseph to Bee Creek
Beverly to Kansas City
LIABILITIES.
—
Current Accounts Payable
Vouchers and Current Accounts
83.33
$964,925 25
357,111 20
Unpaid Pay Rolls
Total Miles Operated June 30 1905
818.36
$1,322,036 45
Rentals and Taxes accrued not due
Accrued Interest on Loans not yet due
$73,994 78
149,782 19
223,776 97
Interest Payable July 15 1905
on 4 per cent Debenture Stock
Net Surplus Earnings of Proprietary Lines which]
have not been credited to earnings
Balance Income Account June 30 1905
522,488 00
557,931 86
213,074 53
$2,839,307 81
TABLE IV.— INCOME ACCOUNT FOR THE YEAR ENDING
JUNE 30 1905.
Freight Earnings
Passenger Earnings
Mail Earnings
$5,096,543
1,820,564
123,972
Express Earnings
122,661
Rental Earnings
.
26,879
Miscellaneous Earnings
83 ,404
Surplus Earnings of Proprietary Lines.. 1. 1.
103,685
Operating Expenses and Taxes
Rental Chicago Terminals
Rental Des Moines Terminals
14
33
19
12
57
45
74
-$7,377,710 54
$5,339,092152
_.
Rental Dubuque Bridge
Rental of Leased Lines
Interest on this Company's proportion as'joint
owner of the Bonds issued by:
St. Paul Union Depot Co
Minnesota Transfer Railway Co
Rental Equipment
Interest on Loans
charges prior to 4 per cent
Debenture Stock
this
last
Year
Year
818.36
873-94
a 21.94 Miles Leased to Waterloo. Cedar Falls
&
Northern Ry.
WISCONSIN MINNESOTA & PACIFIC RR.
TABLE XIII.
DETAILS OF EARNINGS AND EXPENSES.
1904.
1905.
$30,000 00
145,735 88
175,735 88
$7,577"00
6,660 00
21,410 41
354,488 81
Average miles Operated
Gross Earnings
—
Freight Earnings
Passenger Earnings
Express Earnings
Mail Earnings
Rental and Miscell aneous
271
1, 236,375"72
$7,377,710 54
(
+ or
(— ).
)
271
$491,992 12 3485,498 04
151,400 38 161,427 82
7,343 55
7,007 18
19,581 17
19,641 89
5,10042
4,807 54
+ $6,494 08
+ 336 37
—60 72
+ 292 88
—10,027 44
—$2,964,83
—
Operating Expenses
$195,393
Transportation
Maintenance of Cars and Locomo49,574
tives
120,650
Maintenance of Way...
4,788
Miscellaneous Expenses
Total Operating Expenses
all
Inc.
Dec.
$675,417 64 $678,382 47
236,370 20
CO.
All the stock of the Wisconsin Minnesota & Pacific Railroad Company is owned and held in the treasury of the
Chicago Great Western Railway Company.
$222,696 86
13',673 34
390,136122
Surplus over
Average Mileage Operated
Average Mileage Operated
91 $221,076124 —$25.682133
59,123 04
118,356 69
6,572 01
—9,548'63
70
—+2,293
1,783 40
$370,407 32 $405,127 98
—$34,720 66
41
39
61
Net Earnings
Taxes
3305,010 32 $273,254 49 +331,755 83
22,255 89
22,797 91
+542 02
Income from Operation
$282,212 41 $250,998 60 +$31,213 81
Operating Expenses to Earnings,
percentage
54.84
59.72
—
4.8S
THE CHRONICLE.
Sept. 16 1905.]
1)07
TABLE XIV.— INCOME ACCOUNT FOR THE YEAR ENDING
JUNE 30 1905.
Inc.
—
Operating Expenses
Transportation
Maintenance of Cars and Locomotives
1401,092 12
LSI, 400 38
Freight Earnings
nger Earnings
Express Earnings ..
Mini Earnings....
Rentals and Miscellaneous Earnings
7.:ii:;
55
li>.">^i
17
1005.
Miscellaneous
1675,417 64
177,192
126,807 01
88,417 71
13,015 79
If.
140,47143
12,802 20
1
1186,803 01
49,674 m
120,650 30
4,7ss 61
Total Operating Expenses
$370,407 32
Taxes
+)
or
(— ).
51,795 15
62,063 72
1
1
—1,113
1084,025 34 8654,002 26
Conducting Transportation
Maintenance of Equipment
Maintenance of Way
Uaneous Expenses
(
Dec.
$653,559 55 $427,26174 +$226,207 81
Maintenance of Way
5,100 42
1904.
-1-
r
.
.o
$329,033 09
Nel Earnings
Taxes
8481,967 54 8282,06130 +8199,806 24
30,000 00
+8,177 05
21,822 05
Income from Operation
$451,957 54 $260,238 35 +$191,719 19
22,7!>7 01
Operating Expenses to Earnings,
Net Earnings
67.12
percent age
—2.78
60.90
8303,205 23
2S2.212 41
TABLE XVIII.— INCOME ACCOUNT FOR YEAR ENDING JUNE
$675,417 64
Freight Earnings
$282,212 U
237. 01s 15
Passenger Earnings
Express Earnings
Mail Earnings
Rents and Miscellaneous
30 1905.
Not Earnings for the year as above
aSurplus of previous years
Equipment Earnings
$993,500
348,323
15, 000
21,785
2,303
84,370
.
38
33
••••
•
•
15
91
53
58
$520,130 56
$1,465,982 88
One
year's Interest on First Mortgage
Surplus to June 30 1905
Bonds
S164.520 00
355,610 56
S520.130 56
a The amount of surplus of previous years does not agree witti last vears'
report, for the reason that, by mistake, interest to the extent of S45.300 00
on bonds then owned by the Company was treated in the accounts as
though the bonds were owned by the public.
TABLE XV.—GENERAL BALANCE SHEET JUNE
Assets, Capital Accounts
—
Cost of Railway...
Cost of Rolling Stock.
Conducting Transportation
Maintenance of Equipment
Maintenance of Way
Miscellaneous Expenses
Taxes
$653,550 55
177,192 16
140,471 43
12,802 20
30,000 00
$1,014,025 34
451,957 54
Net Earnings
SI, 465,982 88
30 1905.
Net earnings for one year as above
Surplus of previous years..
$11,276,148 97
662,987 79
$451,957 54
564,101 47
$1,016,059 01
$11,939,136 76
Liabilities, Capital
Accounts
—
Capital Stock
$5,893,400 00
Mortgage Bonds Issued and Issuable. $6,232,000 00
Less Unissued
436,000 00
First
One year's rental Missouri River Bridge, etc
aOne month's interest on First Mortgage Bonds, issued
$50,279 64
June 1 1905
Surplus to June 30 1905
$40.000 00
925,779 37
5,796,000 00
249,736 76
Accounts Payable...
$1,016,059 01
$11,939,136 76
—
a Prior to June
Assets, Revenue Accounts
Cash with Chicago Great Western Railway
Co. in Trust
Cash
Liabilities,
Revenue Account
Interest Accrued on
1
1905 the company had no bonds outstanding.
TABLE XIX.— GENERAL BALANCE SHEET.
—
$355,610 56
68,335 47
Assets, Capital Accounts
Cost of Road, Equipment and Terminals
Omaha Elevator
$423,946 03
Cash in
$44,315,465 12
136,045 60
390,373 62
New York
—
$44,841,884 34
Bonds
$57,960 00
10,375 47
Taxes Accrued
Liabilities, Capital
$68,335 47
355,610 56
Surplus Earnings to June 30 1905
$423,946 03
aCommon
Account
—
.$19,205,400 00
non-cumulative
13,635,752 00
Gold Bonds due in
First Mortgage,
1955, interest payable June and Decembr 12,000,000 00
-$44,841,152 00
732 34
Accounts Payable.
Stock
aPreferred Stock,
4%
4%
TABLE XVI.— MILEAGE OWNED.
Single Track (see details below)
Side and Passing Tracks..
Total Length of Track
308.5 Miles
—
Assets, Revenue Accounts
Cash, with Chicago Great Western Railway Co. in Trust..
Accounts Receivable
$925,779 37
5,263 26
34,736 74
Cash
Details.
Mankato to Red Wing, including Faribault branch
Red Wing to Osage
Clay Banks Branch
Winona to Simpson
•Total Miles
$44,841,884 34
271.0 Miles
37.5 Miles
.
95.7 Miles
.118.2 Miles
2.9 Miles
54.2 Miles
Owned
271.0 Miles
$965,779 37
—
Liabilities, Revenue Accounts
Accrued Interest on Bonds
Balance Income Account, June 30 1905
$40,000 00
925,779 37
.
EQUIPMENT OWNED.
Locomotives
8965,779 37
17
Freight cars.
Passenger cars
Derrick
826
14
1
.
a Both the Common and Preferred Stock of this
the Chicago Great Western Railway Company.
TABLE
MASON CITY & FORT DODGE RR.
All the stock of the
Locomotives
CO.
is
Mason City & Fort Dodge Railroad
XX— (Condensed).
28
2,020
15
1;
plov cars
2.
TABLE XXI.— MILEAGE.
378.13 Miles
Single Track (see details below)
)ouble Track, Junction to Oelwein
x.uble Track. Council Bluffs
1 .19 Miles
3 .00 Miles
I
1
iTABLE XVII.— DETAILS OF EARNINGS AND EXPENSES.
Inc. + or
(
1905.
Average miles Operated
Grots Earnings
—
Freight
1904.
252.44
386.25
Eamines
$993,500
348,323
18,890
21,786
Passenger Earnings
Express Karnings
Mail Earnings...
Rental and Miscellaneous
Rental of Equipment
38 $505,021 71
33 207,-'".". 39
Dec.
Side and Passing Tracks
84,370 58
(— ).
+133. .81
+8308,487 04
+141 ,067 94
,405,982 88
468.08 Miles
Total
Details oj Miles Owned.
From Oelwein, Iowa, to Council HlurTs Iowa (forming, In connection with the Chicago Great western lines, part of a
„..
2o9.S3 Miles
between Chicago and <»maha)
Bayfield. Minnesota, to Clarion. Iowa fforn Ing a part
re.'* Mlles
a through line between Minneapolis and Omaha;
through
line
-
16,070 67
715 24
1,40082
+902 71
—28,637 80
112,908 18
of
Total miles main line....
Branch
1
85.76 Miles
- - -
)
16
0]
owned by
Owned
Freight cars
Passenger cars
Steam crane, 1; pile driver,
Company is owned and held in the treasury of the Chicago
Great Western Railway Company.
Company
937,053 55
lines to
Lehigh and Coalville.
-
:;
;''
?,',
JJflj*
'"
+528,929 33
T,tal miles
owned
878.18 Mllti
THE CHRONICLE.
908
[Vol. lxxxi.
CHESAPEAKE & OHIO RAILWAY COMPANY.
TWENTY-SEVENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
Richmond,
To
September
Va..,
The Twenty-seventh Annual Report
Board
the
of
is
of
herewith
submitted:
MILEAGE IN OPERATION.
Inc.
or (
+
June 30th
Owned—
Main Line
Richmond
Lynchburg
to Clifton Forge, Va., via
Branches in Virginia and West Virginia
--
Ky.
—
Ky
348.0
—
Va
— Orange to Gordonsville,
—
9.0
4.0
7 .8
4.2
Sulphur Mines RR. Mineral to Sulphur Mines, Va
Keeney s Creek RR Nuttall to Lookout
Va
Passenger & Belt R'y Lexington, Ky
'
.
—
W
,
.
Washington Southern R'y
—Va
— Washington,
RR.
D.
C,
$62,799,400 00
80,699,354 17
Funded Debt
$62,799,400 00 No change.
78,674,354 17 Inc. $2,025,000 00
$143,498,754 17 $141,473,754 17 Inc. $2,025,000 00
.$1,502,234 20
477,870 03 $1,980,104 23
6.7
77.8
1.0
8.3
—
—
Nashville
RR.
— Lexington
Of which sum there was expended for
Extension of Piney Creek Branch (22.2 miles)
Coal River Extension of Cabin Creek Branch (17.7 miles)
Extension of GuyandotlValley Branch (41 miles)
Extension of South Side Branch (1.3 miles)
Extension of Powellton & Pocahontas Branch (2.8 miles)
Rend Branch (4.6 miles)..
New Passing and Yard Tracks
Real Estate— Russell, Ky..
Sewell Bridge and approaches
Charleston Transfer Ferry
to
Alexandria,
&
CapitalStock
—16.0
and
Southern R'y Alexandria to Orange, Va
Baltimore & Ohio RR.— At Lexington, Va.
Norfolk & Western R'y Loch Laird to Glasgow, Va.
Ashland Coal & Iron R'y Ashland Junction to Den-
Ky
$529,244 52
June 30th 1905. June 30th 1904.
Special Construction
25.0
—
ville,
and
SecondTrack
Tracks of Other Companies Used Jointly
Philadelphia Baltimore <fe Washington
ton, Ky
Louisville
Balance to credit of Profit
Loss, June 30th 1905
237,986 48
4%
19.8
Leased
Orange Branch, Southern R'y
H
y%
1.8
—
$291,258 04
The increase in Funded Debt of $2,025,000 is due to the
issue of $1,500,000 General Mortgage 4 2
Bonds for
Special Construction and Second Track, under the terms
of the Mortgage, and of $525,000 Chesapeake & Ohio Railway
Company Paint Creek Branch First Mortgage
Gold
Bonds for the purchase of the Kanawha & Pocahontas
Railroad heretofore operated under lease.
The proceeds of the $1,500,000 bonds referred to, together with the $392,639 70 remaining in the Special Construction fund June 30 1904, were set aside towards:
150.2
102.7
73.5
Branches in Kentucky
Cov. & Cin. Elec. RR. and T. & B. Co. Covington,
Ky., to Cincinnati, O
Kinniconnick and Freestone RR. Garrison to Carter,
Brought forward
$455,986 85
Deduct
Discount on Equipment Trust Certificates, less premium on General Mortgage 4
9! Bondssold. $3,000 00
Franchise Tuxes paid Counties,
Cities and Towns in Kentucky,
Years 1896 to 1903, inclusive ...160,000 00
Old Accounts written off
55,000 37 218,000 37
+53.0
1,135.4
—
Operated Through Stock Ownership
Kentucky Lines— Big Sandy River to Covington,
Denton, Ky., to Lexington, Ky
}
1005. Dcc.(—)
512.1
229.9
393.4
— Fort Monroe, Va., to Big Sandy River, Ky
1905.
—
7 1905.
the Stockholders:
Directors for the fiscal year ending June 30 1905
30
21.3
to Louis-
84.4
$358,670 36
303,311 19
140,192 26
14,823
24,134
18,278
143,516
1,000
4,363
40,512
19
1,048,802 35
Total Special Construction.
199.5
11
63
54
31
00
76
Second Track (22.1 miles completed; 56.2 miles under con-
GrandTotal
Average mileage operated
Firsttrack
1,707.9
+37.00
1,672.5
+21.1
200.4
661.8
Sidings
Total Expenditures
Balance in Fund for
$1,423,255 44
Special Construction.. $453, 431 85
SecondTrack
+37.0
+22.1
+33.4
1,707.9
Secondtrack
374,453 09
struction)
103,416 94
556.848 79
$1,980,104 23
Total
Total all tracks
Mileage "Owned"
2,570.1
+92.5
increased by extension of Greenbrier Division 2.7
miles, Gauley Branch 1.4 miles, Powellton Branch 2.8 miles, Guyandot
Branch 15.1 miles; and the acquisition of the Kanawha & Pocahontas
RR. (and extension) 20.9 miles, the Quinnimont RR. 5.5 miles, and the
Rend RR. 4.6 miles: total increase 53.0 miles.
Mileage "Leased," decreased by the acquisition of the Kanawha &
Pocahontas RR., 16.0 miles.
THE EXTRAORDINARY EXPENDITURES
FOR THE YEAR ENDING JUNE 30TH 1905 CHARGED TO
COME ACCOUNT WERE AS FOLLOWS:
and Change of Line, L. & B. S. Line
and Change of Line, R. & A. Line
and Change of Line, Other Lines
Passenger Station and Separation of Grades, Charlottesville,
$305,726 79
35,438 13
42,191 41
Filling Trestles
Filling Trestles
Filling Trestles
Va
."
73,28101
GENERAL INCOME ACCOUNT.
Passenger Station, Charleston, W. Va
FOR THE YEAR ENDING JUNE 30TH 1905 AND COMPARISON New Station Buildings at Various other points
Additions to Shop Buildings
WITH YEAR ENDING JUNE 30TH 1904.
Other New Buildings.
Inc.
or
(
Earnings from —
1905.
Freight Traffic
—
—
Operating Expenses
78 $19,297,524 79
82
06
29
$2,307,619 98
3,659,381 77
^6,420, 666 27
23
73
—
—
$7,650,69148
From which deduct
Interest on Funded Debt... $3,744,348 74
Taxes
Interest, Equipment Trusts
Interest, General Account..
Loss on C. & O. Grain Ele-
&
O. Steamship ComDebentures purchased
+418,561
—88,588
+$467,776
$6,514,334 83
+$959,070
169,271 81
+8,015
$3,674,796
514,849
237,500
137,210
+$967,085
24
77
+$69,552
01
—1,205
43.166 50
61,402 14
—+16,833
74 164
— 18,236
111,678 94
64,61191
+47,067
48,834 75
48,725 00
+110
35
pany
Total Deductions
$4,779,052 87 $4,739,095 42
+$39 957
Net Income
.$2,871,638 61 $1,944,51122
+$927,127
From this Net Income for Year ending June 30th 1905
$2,871,638 61
Deduct
—
Payments on Account
ment Trusts
of principal of
New
Telephone and Telegraph Lines
Additional Shop Machinery and Tools
Additional Turntables, Drop-Pits and Scales
Extension of Greebrier Division
Sundry Surveys
Industrial Sidings
Miscellaneous New
Work
Steamer "Chesapeake" (Ohio River)
1 Dining Car
4 Steam Derrick Cars
1 Locomotive Coaling Crane
556 Freight, Ballast and Cabin Cars..
Cash Payment on New Equipment Equipment Trust "F".
—
Equip$735,000 00
Balance transferred to credit of Profit and Loss
Amount to credit of Profit and Loss June 30th
1904
$455,986 85
16
33
00
94
98
72
50
27
68
53
55
33
24
23
70
95
22
Equipment
$1,217,476 57
in service
June 30 1905 as
follows:
427 Nochange.
Inc. 20
120
Inc. 1
255
Locomotives owned
Locomotives leased (under Equipment Trust)
Passenger Cars owned
17,263
Freight and Miscellaneous Cars owned
Freight Cars leased (under Contracts and Equipment
Trust)
7,610
-
Inc. 2,515
Dec. 2,000
Of the locomotives owned five were dismantled during
the year and replaced by an equal number of modern type
and the cost charged to operating expenses. The number
leased was increased by twelve consolidation freight and
eight switching locomotives (the latter for use on the Cincinnati Bridge), covered by Equipment Trust "F."
The passenger equipment was increased by the purchase
of one dining car, charged to Extraordinary Expenditure
Account. One dining car was converted into a passenger
coach and one combination car and one passenger coach
were dismantled and replaced by one baggage and one
postal car built at Company's shops, and charged to operating expenses.
The freight
and miscellaneous car equipment owned was
by 1,000 box and 1,500 gondola cars covered by
Equipment contracts Nos. 6 and 7, the last payments whereon were made October 1 1904 and July 15 1905, and by the
purchase of 561 cars, the cost of which was charged to Income
increased
Extraordinary
Expenditures for Improvements and New Equipment
1,217,476 57
Dividend No. 6 paid November 30th 1904
627,904 00
90
+256,588
(66.2%)
$6,683,606 64
43,519
27,315
12,118
65,506
11,714
8,363
22,734
16,100
8,092
3,782
44,194
14,105
3,717
14,130
46,412
7,702
385,665
25,662
Interlocking Plants
Total
395,52194
O. Steamship
Line.
C.
513,644 60
254,333 31
63,046 03
— $118,785
J
$13,250,966 13 $12,783,189 96
NetEarnings
$7,473.404 65
To which add
Income from other sources.
177,286 83
+$1,426,846
I
(63.9%)
&
(—
—
Gross Earninss
$20 724,370
Expenses for
Maint. of Way & Structures $2,188,834
Maintenance of Equpment. 4,077,943
Conducting Trans .—Traffic
409,768
Conducting Trans.— Operation
6,267,486
General Expenses
306,933
vator
Loss on C.
+)
$16,039,312 56 $14,869,187 76 +$1,170,125
3,894,144 87
3,648,232 75
+245,912
297,410.53
297,481 62
71
393,528 58
372,282 57
+21,246
99,974 24
110,340 09
10,366
Passenger Traffic
Express Traffic
Transportation of Mails
Miscellaneous Sources
Gross income
Dec.
1904.
IN-
2,580,380 57
$291 ,258 04
Account through
Extraordinary
cars dismantled during the year,
Expenditures,
making a net
less
546
increase of
.
.
) )
.
THE
Sept. 16 L905.]
—
)
UIIRONICLK.
1)09
freight oars leased show a decrease of 2,000
to ears owned of the 2,500 referred to
above and the addition of 500 steel gondola ears covered by
Equipment Trust "F." There have been charged to Operating
Expenses -Maintenance of Equipment, being the
monthlv payments on the ear contracts referred to, the Mini
paid for through the proceeds of 5700,000 Equipment Trust
Certificates, Series "F," dated December 15 1004, payable
in twenty semi-annual instalments, with interest at 4%.
The remainder of the equipment referred to will be delivered in September and October 1005, and payment made
through the sale of si ,800,000 Equipment Trust Certificates,
$409,510 48, an amount $16,445 08 greater than was
necessary to replace the o40 cars dismantled during the year.
The following is a live-year comparison of equipment
Series
2,515 cars.
The
—due to the^transfer
of
owned:
J um soth
427
Locomotive Equipment
Passenger Car Equipment
3
Freight and Miscell. Car Equip. 17,263
Sum SOU
lvu;..
tuou.
In.
In.
;>7.">
221
12,371
Enc. 4,892
Your Board have
motives and
also authorized the addition of 3S loco2,000 steel gondola cars to your equipment.
Twenty locomotives and 500
have been delivered and
cars
"Q," dated June
1905.
The Equipment Trust payments
1
EQUIPMENT CONTRACTS AND EQUIPMENT TRUST OBLIGATIONS JUNE 30TH
Equipment Contracts.
of
X umber
Date oj
Agreement.
Date of
Final
Payment.
Descriotion
Equipment
—
principal and interest
were, as already noted, charged against the income for the
With the addition of Equipment Trust "(!" recently
year.
negotiated to the amount of $1,800,000, the aggregate of
tin- principal of these obligations outstanding
July 1 1905
is $8,105,000.
The balance due on the Equipment Contracts made prior
to the issue of the Equipment Trust Certificates, amounting
to $130,000, will be mainly paid off during the current year
and charged, as customary, to expenses.
Amount
Unpaid
June 30th 1901.
1905.
Payments Made Year
June 30th 1905.
\June 30lh 1905.
or Series
March 30th 1S99
January 2nd 1900
October 4th 1900
January 1st 1902..
•
1,000 Box
1,500 Gondolas
6
7
October 1st. 1904
July 15th 1905
December 15th 1905...
May 1st 1907
600 Gondolas
300 Gondolas
8
9
Total Contracts ....
$36,466
251.843
145,800
106,000
68
68
80
00
00
R4S I'.IM IMl
82,000 00
$540,110 48
$409,510 48
$130,600 00
$800,000 00
$100,000 00
$700,000 00
1,800,000 00
200.000 00
1,600.000 00
850,000 00
100,000 00
750.000 00
2,000,000 00
950,000 00
200,000 00
100,000 00
1,800.000 00
850.000 00
700,000 00
35,000 00
665,000 00
$7,100,000 00
$735,000 00
$6,365,000 00
3,400 Cars
$36,466
251,843
97,200
24,000
80
00
00
1
—
Equipment Trusts
August 1st 1901
A"
25 Locomotives
Freight Cars
25 Locomotives
J
12,210 Freight Cars
/
\
U.000
August 14th 1902
August 30th 1902
*B"
1
July 20th 1903
November 16th 1903 ..
December 15th 1904...
D"
(
•\E"
•
1st
1911
August 15th 1912
1,000 Gondolas (steel) ... September 1st 1912
"C"
•
August
(
\
J
f
pi
1
50 Locomotives
\
1,000 Gondolas (steel) ... August 1st 1913
1 ,000 Gondolas (steel) ... December 1st 1913
20 Locomotives
1
500 Gondolas (steel) ../ December 15th 1914 ...
120 Locomotives
1.6,710 Freight Cars
Total Trust Obligations
f
1
;
Aggregate amount due on Equipment Contracts and Equipment Trusts
Equipment Contract payments charged
$6,495,600 00
Equipment Trust payments charged to Income Account.
to Operating Expenses.
FREIGHT TRAFFIC STATISTICS— ALL LINES OPERATED.
Year Ending
June 30, 1905.
Compared with Same
Period Previous Year.
Year Ending
June 30 1905
Miles
1,672.5
Freight earnings
$16,039,312 56
Per cent of gross earnings
77.4
Coal and coke carried (tons)
8,109,845
Other freight carried (tons)
5,194,946
Number of tons carried, total...
13,304,791
Number of tons carried one mile. 3,754,388,306
Average miles each ton was carried
Number
of
Inc. (+)
or Dec. (
+ 21.1
—
+ $1,170.124 80
+ .3
+ 1,675,535
+ 79.239
+ 1,754.774
Per
Cent.
1.3
7.9
0.4
26.0
+ 587,430,140
1.5
15.2
18.5
+8
2.9
282
of tons carried per mile
+ 961
13.7
2,244,776
89,590 02
SI 20.6
+ 327,035
+ $586 03
—80 08.1
17.1
3.27
-0.10
3.0
6.19
—0.56
8.3
4.27
—0.43
9.1
26.1
+ 1.9
557
+ 49
7.9
9.6
585
+ 47
8.7
25.3
+ 1.5
6.3
8.0
—0.2
2.4
17.3
—0.9
4.9
15.7
+ 2.1
15.4
21.3
+ 0.3
1.4
11.8
33.1
+ 0.9
+ 1.2
6,743,290
+ 509,704
8.3
3.8
8.2
road
7,955
Number
of tons carried one mile
per mile of road.
Freight earnings per mile of road
Average earnings per ton
Average earnings per ton of coal
per
mile (mills)
Average earnings per ton of
freight other than coal per
mile (mills)
Average earnings per ton per
mile from all freight (mills)
Average number of tons per
loaded car
Average>e venue train-load (tons;
Average train-load, including
Company's freight (tons)
Average number of loaded
cars
per east-bound freight train
Average number of emptv cars
per east-bound freight train. ..
Average number of loaded cars
per west-bound freight train.
Average number of emptv cars
per west -bound freight train..
Average number of loaded cars
in train
Average number of empty cars
In train
Total cars per freight train
aMlk-s run by freight trains
Miles run by switch and construction trains
Freight car mileage
Loaded car mileage
Empty car mileage
Freight train mileage per mile of
5,060,348
223,498,974
143,800,232
79,692,742
ro^l -Freight earnings per freight train
»>fle-— a Includes mileage made by light
11,663.796
17.1
+ 257
0.8
—$0
-
mile.
00.0
0.3
AU. LINES OPERATED.
Inc.
(
+
Dec.
i,e
Passenger earnings
Per cent of gross earnings
Number of passengers carried
Number of passengers carried one
•carri';d
+
-.
Year Err.
June 30 1908.
Average miles each passenger
^12,774.469
$2 37.9
trai:
$3,894,144 87
3.43S.030
102,838,400
)
Per
or
(—
+ 2!
Cent.
I
1
:'.
+ $245,912 12
—O.02
+ 100,917
5.0
+ 10,
9.5
.
1.0
v.a-
56.09
+2
U
of passengers carried per
'
mile of road
Number of passengers carried one
mile per mile of road
Passenger earnings per mile of
road
senger
II
Inc.
(+)
Dec.
(—
or
Per
Cent.
2,055
+ 71
3.6
115,299
+ 8,678
8.0
$2,328 33
5.4
$1.13
+ $119.16
+ 0.02
2.019
—0.052
2.5
55
3,480,216
7,553 ,955
+3
+ 121,500
+ 1,162,681
5.8
3.6
2,080
+ 46
2.3
$1.31
$1.12
+ $0.02
+ $0.03
3.0
Average earnings from each pas-
1.8
Average earnings per passenger
per mile (cents)
Average number
of passengers
per train
'..
Passenger train mileage
Passenger car mileage
Passenger train mileage per mile
of road
Earnings per passenger train
mile, including Mail and Ex-
press
Passenger earnings per train mile
5.8
12.3
9.7
+ 24,438,265
4,032
PASSENGER TRAFFIC STATISTICS
}Oka
+ 279,657
6.5
6.3
Number
1
7.1
1.5
GENERAL REMARKS.
The Net Income for the year ending June 30 1905, after
payment of all charges and the interest on Equipment
Trust obligations, was
$2,781,038 61. After deducting
$735,000 payments on account of the principal of Equipment Trusts, $1,217,476 57 representing Extraordinary
Expenditures for improvements and new equipment not
properly chargeable to Operating account, and $627,904
dividend of one per cent paid November 30 1904, the
balance of $291,258 04 was transferred to the credit of
Profit and Loss.
The proceeds of $1,500,000 4J^% General Mortgage
bonds sold during the year were used for construction purposes as shown on page 908.
There has been expended during the year on the twentythree and one-half miles of second track, reported as uncompleted at the date of the last annual report, the sum of
All of this track is now in use, with the exception of 1.5 miles between Alleghany and Tuckahoe.
Your Board have authorized the building of 54.7 miles
of additional second track as follows: Norway to Walker,
11.7 miles, including change of line and grade reduction;
Tyree to Lynchburg, 3.9 miles; Scwell to a point about one
mile west, including a bridge across New River, in order to
utilize as a second track
twelve miles of the Southdde
branch to Hawk's Nest; Winifrede Junction to St. Albans,
24.8 miles; Russell to Riverton, 7.8 miles, and Silver (.rove
to Dayton, 5.7 miles.
Additions to the yards at Lynchburg,
Thurmond and Russell were also authorized. All of the
above-mentioned work Is in progress and should be completed during the ensuing fiscal year with the exception of
the improvements between Norway and Walker.
The eighty-two miles of branch line-, referred to In the
'ion of G.7
last annual report are in operation with t;
$252,821 10.
THE CHRONICLE.
910
miles of the Piney Creek extension from Jenny's Gap to
Birchfield, the work on which is delayed by litigation, and
the 17.7 miles of the Coal River extension of Cabin Creek
Branch. The grading, tunneling and bridging on the latter
is far advanced and it is expected that the line will be comThe amount
pleted and in operation December 31 1905.
expended on the various branch lines during the year was
$859,410 09 and to date $3,455,513 08.
The Big Sandy Railway is completed and
in
The decrease of $444,510 48 in the Asset and Liability
accounts, representing the value of the new equipment
covered by Equipment Contracts and Equipment Trust
obligations, and the amount due thereunder, is explained
by there having been paid during the year on the
Equipment Contracts 8409.510 48 and on the Equipment Trust obligations, $735,000, thereby reducing the accounts named in the sum of SI, 144. 510 48, from which
should be deducted $700,000 Equipment Trust "F"
Certificates,
making the net decrease as above men-
operation
from Whitehouse to Marrowbone, a distance of 69.3 miles.
The remaining portion of the line from Marrowbone to
Elkhorn City is ready for the rails and should be in operation
The Marrowbone Creek Hranch, 8 miles in
at an early date.
length, has been authorized, and is under construction. In
addition to the amount paid for capital stock there has been
expended by the Big Sandy Railway Company $1,255,429 99
for construction during the year and $4,010,711 29 to date.
The Quinnimont Railroad, a coal branch 5.5 miles in
length, was acquired January ]1 1905, your Company agreeing to apply main line rates on coal and coke from mines
served by that line. It will hereafter be known as your
tioned.
Debentures of the Chesapeake & Ohio Steamship Company, Limited, amounting to £10,000, were purchased
during the year at a cost of $48,834 75, which, with the loss
in operation of that Company amounting to $111,678 94,
have been charged against Income.
New steel rails used in renewals amounted to 12,816
tons, or 88.1 miles; in new second track, 3,472 tons, or 22.1
miles
—
lines
now have
Your
16,288 tons, or 110.2 miles of track.
492.5 mites of main track laid with 100-lb.
rails, 8.9 miles with 90-lb. rails, 116.3 miles with 85-lb.
rails and 847.2 miles with 75-lb. and 70-lb. rails
a total
of 1,464.9 miles.
The number of ties used in maintenance was 765,929,
and in construction, 73,574. The ballast used in maintenance was 390.831 yards, and in new construction, 75,140
yards.
General repairs were made to 533 locomotives, at an
average cost per locomotive, owned and leased, of 82,230 37.
Repairs were made to 244 passenger cars and 66,718 freight
cars; the average amount expended per passenger car owned
was $892,51, and per freight car owned and leased, 893 69.
The average capacity of freight cars increased from 35.2^to
36.4 tons.
The coal and coke tonnage increased 26%; other freight
tonnage increasedH.5%. The total tonnage was 13,304,791
tons, an increase of 15.2%; the ton mileage was 3, 754, 388, 306,
an increase of 18.5%. The-ton'mile revenue was 4.27 mills,
a decrease of 9.1%, and the revenue per freight train mile
was $2 37.9, a decrease of .3%; the revenue tonnage per
train was 557 tons, an increase of 9.6%; including Company's freight, it was 585 tons, an increase of 8.7%. The
number of tons of revenue freight carried one mile per mile of
road was 2,244,776, an increase of 17.1%, freight train mileage increased 8.2%.
There were 3,438,030 passengers carried, an increase "of
5%; the number carried one mile, 192,838,400, an increase
of 9.5%; the passenger revenue was $3,894,144 87, an
increase of 6.7% and the total passenger train earnings,
$4,585,083 98, an increase of 6.2%; earnings per pessenger
per mile were 2.019 cents, a decrease of 2.5%. The earnings of passenger trains per mile were $1 12, an increase of
3%, and, including mail and express, $1 31, an increase of
1.5%. The number of passengers carried one mile per mile
of road was 115,299, an increase of 8%; passenger train
mileage increased 3.6%.
Attention is invited to the General Balance-sheet and
Statistical Statements contained herein.
The thanks of the Board are hereby tendered to the officers
and employees for loyal and efficient service rendered during
the year.
total,
—
Laurel Creek Branch.
On February 1 1905, your Company acquired the Kanawha
& Pocahontas Railroad, extending from Paint Creek Junction on your Main Line along Paint Creek a distance of 20.9
miles, paying therefor $525,000 in bonds out of the authorized issue of $750,000 Chesapeake & Ohio Railway Company Paint Creek Branch First Mortgage 4% Gold Bonds,
the said bonds having been authorized by your Board under
date of March 30 1905. The remaining $225,000 of bonds
are reserved for future extensions.
The Covington & Cincinnati Elevated Raihoad and
Transfer & Bridge Company, controlled by your Company,
has acquired the ownership of the entire common capital
stock of the Cincinnati Inter-Terminal Railroad Company,
organized for transportation purposes within the City of
Cincinnati.
A connection is under construction between the
Bridge Company's tracks and the Cincinnati Hamilton &
Dayton Railway and additional tracks are also being provided.
For this purpose it was necessary to authorize the
issue of $1,000,000 Preferred guaranteed stock of the InterTerminal Company, $700,000 to be issued at this time in
payment for property and improvements and $300,000
reserved for future improvements. There is no bonded
debt on that property.
An Agreement having been made between the railway
companies owning the Richmond-Washington Company,
your Company has approved the making of a mortgage by
that Company fori$l 1,000 ,000 to be used in double-tracking
and improving its property, and your Board has authorized
your officers to execute the guarantee of this Company upon
the bonds secured by this mortgage as they may be issued.
A like guaranty has been made by the Pennsylvania Railroad Company, Atlantic Coast Line Railroad Company,
Southern Railway Company, Seaboard Air Line Railway
and Baltimore & Ohio Railroad Company.
Your General Balance Sheet shows increase in Cost of
Road of $1,852,328 29. the details of which will be found on
page 911 of this report. There has been no change in Cost
of Equipment.
The increase in Advances to Controlled
Companies, amounting to $128,064 26, is for new construction, second track, etc., on the Chesapeake & Ohio Railway
of Kentucky, of which your Company owns the entire capital
stock and bonds, payments for which were made out of
proceeds of General Mortgage Bonds of the Chesapeake &
Ohio Railway Company
[YCL. LXXXT.
By
order of the Board.
GEO. W. STEVENS,
President.
sold.
GENERAL BALANCE SHEET JUNE 30TH
1905.
Comparison vrith
June 30th 1904.
ASSETS.
Increase.
Cost of Road
Gost of Equipment
Kineon Coal Viaduct
Decrease.
$1,852,328 29
$108,095,227540
12,216,034 12
324,730 00
$120,635,991 52
Bonds owned
St ocks owned
5,437 50
36,867 75
$14,192,445 87
7,449,947 50
231,076 08
Miscellaneous Securities
Advances to Controlled Companies
Special Cash Deposit (unexpended balance
Special Cash Deposit with Trustees
Construction and Equipment Account
21,873,469
1,510,043
556,848
37,420
136,088
of Construction Fund")
.
..
45
43
79
128,064 26
164,209 09
$31,045 02
242,692 13
71!
27
$144,749,862 17, $1,913,169 74
4,010,711 29
1.255,429 99
Total Invested Assets
for Construction of Big Sandv Railway
Amount Advanced
SI, 022, 161 12
Value of New Equipment covered by Contracts and Trust Agreements,
charged to Operating Expenses and Income. (See Page 909)
less
amount
444,510 48
6,495,600 00
CURRENT ASSETS—
•
Cash in hands of Treasurer
Cash on Deposit with Fiscal Agents to pay Interest and Dividends
Due from Agents and Conductors
.
Due from Railway Companies
Due from Individuals and Companies
Bills
Receivable
Materials and Supplies
_
__
$892,646
230,249
427,275
486,990
582,224
2,800
402,678 46
7,385 74
29
34
64,631 64
26
35,522 61
102,534 99
35
64
5,673 79
63.S71 47
140,623 22
00
639,884 14
3,262,070 02
Total
273,318 68
$15S,51S,243 48 $1,975,246 81
|:
—
THE CHRONICLK
Sept. 16 1005.
911
Comparison with
June -Mill 1904.
LIABILITIES.
Increase.
Common
Capital Stock,
$62,790,400 00
First Preferred ..
N.L'OO (10
Second Preferred
S00 00
FUNDED DEBT— Five
Decreaae.
$02,799,400 00
Con. Mtge. Cold Bonds, due 1939...
Four and one-hall per cent Cen'l Mtge. Gold Bonds, due 1992
Six: per cent Series A Gold Bonds, due 1908
.
per cent Series B (and Scrip) Bonds, due 1908Si\ per cent Gold Bonds, due 1911
Si\ per eon! Gold Bonds, due 1922
Four per cent 1st Muv. Gold Bonds ft. & A. Div., due 1989
Four per rent 2nd Mtge. Gold Bonds, R. <fe A. Div., due 1989
Five per cent 1st Mtge. Gold Bonds, Craig Valley Branch, due 1910.
Five per cent 1st Mtge. Gold Bonds, Warm Springs V alley Branch, due 1941.
per cent 1st Mtge. Gold Bonds, Greenbrier & New Kiwi UK., due 1942.
Five percent 1st Mtge. Gold Bonds, Kineon Coal Co., due 1915
Four per cent 1st Mice. Gold Bonds, Greenbrier Ry., due 1940
Four per cent 1st Mtge. Gold Bonds, Paint Creek Branch, due 1945
percent.
$25,858,000 00
89,672,000 00
2.000,000 00
1st
$1,500,000 00
.
13,364 17
2,000,000
14 2.000
6,000,000
1,000,000
860,000
400,000
889,000
200.000
2,000,000
525,000
00
00
00
00
00
00
00
00
00
00
.
.
525,000 00
80,099,354 17
Total Capital and Funded Debt
$143,498,754 17 $2,025,000 00
4,000.000 00
and Betterment Notes, due April 4th 190(i
Balance due on New Equipment covered by Contracts and Trust Agreements.
Collateral o'l- Construction
Accrued
Interest Coupons, Including Coupons due
Dividends Uncollected by Shareholders
Unpaid Vouchers anil Pay Rolls
Due to Railway Companies
Unpaid
.luly
1st
$1,073,336
226,334
3,915
1,284,728
178,850
7,677
600,000
198,102
421,700
1905
Due
to Individuals and Companies
Loans and Bills Payable
Taxes Accrued
Miscellaneous Liabilities
Total
This
04
34
$43,333 31
7,285 74
100 00
00
32
12,086 04
75,872 78
119,827 50
19
30
30,000 00
26,865 91
421,700 98
00,
62,
98
and'Loss.
Profit
S444.510 40
6,495,000 00
(See page 909)
CURRENT LIABILITIES— Interest
3,994,644 79
321,499 62
529,244 52
73,257 67
i
$158,518,243 48 31,975,246 81
1
Companv
is also liable as guarantor of the
Norfolk Terminal & Trans. Co., 1st Mortgage
C. A O. Grain Elevator Co., 1st Mortgage
Passenger and Belt Railway Co., 1st Mortgage
$500,000
820,000
150,000
3,500,000
11,000,000
£40,000
..
.
.
.
&
Jeffersonville Bridge Co., 1st Mortgage (C. & O. proportion, 1-3)
Richmond-Washington Co., Collateral Trust Mortgage (C. & O., proportion, 1-6)
C. & O. Steamship Co., Ltd., 1st Mortgage (amount outstanding)
Louisville
COST OF ROAD JUNE 30TH
The'cost of Road June 30th 1904 was
I- Acta for—
cost of Kanawha & Pocahontas Railroad
Extension Guvandot Valley Branch
Extension South Side Branch
Bonds
1905.
$525,005 00
140,192 26
14,823 11
—
Road
SECURITIES
Louisville
Mavsville
OWNED JUNE 30TH
—
Earnings.
Freight
iger
1905.
Rale.
4%
6%
5%
5%
6%
6%
5%
6%
6%
8%
5%
6%
6%
6%
5%
1896.
1897.
$
•
8,389,374
1,857,898
113,325
634
80,952
7,810,598
1,949,790
115,710
250,096
94,938
.
Express
Mail
Total Earnings
887
4,750
Co..
149,414
15
Norfolk Terminal & Transportat'n Co.
1,000
Norfolk & Portsmouth Belt Line RR.
Co
63
Ohio & Big Sandy RR. Co
9,940
Ohio River & Charleston Ry. of Ky
500
Old Point Comfort Improvement Co..
186
Old Dominion Steamship Co
1,200
Richmond Chamber of Commerce
10
Richmond-Washington Co
4,450
Trigg, Wm. R. Co.
Common
1,035
Trigg, Wm. R. Co.
Preferred
1,035
Virginia Navigation Co.
Common
200
Virginia Navigation Co.
Preferred
90
——
Par Value.
$339,000 00
10,000 00
3,500,000 00
3,282,000
550,000
489,000
110,000
100,000
100,000
15,000
7,500,000
12,400
572,977
56,800
8,000
00
00
00
00
00
00
00
00
00
Par Value.
Each.
$100
100
00
00
00
00
00
00
$25,000
100,000
600,000
500,000
1,500,000
3,495,925
£10
$100
100
100
f
114353
00
00
00
00
00
1,500 00
100,000 00
75,000
150,000
88,700
475,000
7,470,700
100
100
50
100
100
100
100
100
100
100
100
100
100
100
25
25
00
00
00
00
00
00
00
00
00
00
00
6,300
994,000
50,000
18,600
120,000
1
,000
445,000
103,500
103,500
5,000
2,250
$16,430,975 00
Grand Total
833,481,152 71
321,873,469 45
Cost, as per Balance Sheet
71
Of the above there 'are deposited with Trustees under
Con. and General Mortgages:
Bonds
$16,175,777 71
Stocks
14,221,725 00
00
00
830,397,502 71
is»o
1899.
1898.
9,262.998
1,954,864
133,884
32
——
£100
$100
Total
EARNINGS AND EXPENSES YiwKo
Years Ending June 30th
& Jeffersonville Bridge
& Big Sandy RR. Co
150
1,500
Newport News Publishing Co
$108,095,227 40
Bonds of
Class.
Chesapeake <fe Ohio Grain Elevator Co. Income ..
Chesapeake & Ohio Grain Elevator Co. 1st Mort .
Cov. 4 Cin. E. RR. & Trans. & Br. Co.lst Mort .
Elizabethtown Lex. <fc Big Sandy RR.
1st Mort .
Co
Elizabetht'n Lex. & Big Sandy RR. Co.2d Mort .
Elizabetht'n Lex. & Big Sandy RR. Co.Debent'rs
Kentucky & South Atlantic Ry. Co
1st Mort .
Kinnicohnick & Freestone RR. Co
1st Mort .
Kinniconnick & Freestone RR. Co
Income ..
Manchester City
1st Mort .
Mavsville & Big Sandy RR. Co
1st Mort .
Ola Point Comfort Improvement Co.. 2nd Mort.
Ohio & BigSandv RR. Co
Obligat'n.
Ohio & BigSandv RR. Co
Notes
?assenger & Belt Ry.
1st Mort .
Shares.
& Newport News Steamship
Co
Kentucky & South Atlantic Ry. Co
Kinniconnick & Freestone RR. Co
$259 00
18,800 00
as per Balance Sheet
$10,000 00
10,000 00
385,000 00
Glasgow
19,059 00
Cost of
.
5%
6%
5%
$17,050,177 71
Stocks of
$108,114,286 40
—
.
Alleghany Construction Co
250
Big Sandy Ry. Co
1,000
Chesapeake & Ohio S.S. Co., Ltd
12,000
Chesapeake & Ohio Grain Elevator Co.
5,000
Cov. & Cin. E. RR. & Trans. & Br. Co. 15,000
Elizabetht'n Lex. & Big Sandy RR. Co. 34,959}*
1,871,387 29
Deduct for
Miscellaneous Credits
Real Estate sold
&
.
Total
.
•
Mort
Iron Co.lst Mort
..1st Mort
Par Value.
Rate.
Class.
1st
Southern Improvement Co
Extension Piney Creek Branch
358,670 36
Extension Cabin Creek (Coal River) Branch. 303,311 19
Extension Powellton & Pocahontas Branch. 24,134 63
Rend Branch
18,278 54
Real Estate Charleston, W. Va., Lynchburg,
r>Va
50,636 54
Charleston Ferry Transfer.
40,512 19
Sidings and Yards
100,963 24
Sewell Bridge and Approaches
4,363 76
New.Second Tracks
290.496 47
..
—
of
Rich. Patch Iron & Ore Co
Richm'd Stand. Steel Spike
$106,242,899 11
00
00
00
00
00
00
TO
1905,
1900.
1901.
S
$
10.095,144
2,42
2,681,076
153,410
171,908
322,957
1,678
i,264
48,6
9,0',
INCLUSIVE.
1
1903.
1902.
1904.
1905.
$
$
$
$
1,842,218 12,833,806 12,510,006 14,869,188 16,0.30,313
3,894,1 15
2,826,813 2,954,91(1 3,474,905 3.6-1
..in
226,820
245,4 s>)
297,482
189.426
393
3i
372
349, ssi
365,923
110,340
142,910
112,805
163,204
!
10,221,131 10, 70S, 183 11,788,557 12,009.839: 13.402,070 15,371,542 16.524,379 16,711.602
19,297,.".:.'".
20,724,371
Expcn*';*.
Maintenance
of
Way
Maintenance- of Equip
ictingTransp't'n
-
— Tn
Conducting Tran.sp't'n — Operat'nj
General Expenses
Total Expenses
Net Earnings
Proportion Expenses to Earnings.
1,455,716
1,451,636
1,440,451
r.215
3,550,339
213,249
3, 771. 'HI
222,11-'
6,670,939
1,192
,
65.2%
1.500,411
1,414
1,909,241
1,61
,701
1,63
1
1,..
:.'
2,217,761
2,26
2,175,876
2,669,292
2,178,835
2,679,021
2,307.620
6,264,112
289,213
5,8:',''
5,420,666
59,382
1,077,943
1.768
186
244,161
00.027
235,022
8,310
245,820
6.944.452
7,653,530
063
8,706,785
9.565,880 10,398.492 11.052,723
t,190 13,250,966
3,763,731
4.135,027
1,351,777
4,695.285
6,805,661
s.879
7,473,405
64.8%
64.9%
64.9%
4,84 1,375
260,437
62.2%
6.125,886
62.9%
7,
39".
35
~66.1%
"ee.-
THE CHRONICLE.
9.12
1
Vol. lxxj
i
NORFOLK & WESTERN RAILWAY COMPANY.
NINTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE 30TH
Philadelphia, August 26 1905
To
the Stockholders of the Norfolk
Your Board
June 30th 1905:
&
Western Railway Company:
Directors .submits
of
the operations of
tlio
following report of
your Company for the
^
,
;
,
;
j
;
.
year ending
fiscal
•
-
,
'
;
_
:
\
;
The length of line in operation at the close of the fiscal
year was 1,833.52 miles, as follows:
»
Main Line.
Branches.
Lynchburg
to
Roanoke
to
Hagerstown
238.11
121.30
20
110.75
15.18
43.68
100.40
105.92
18.92
3.51
290.85 miles.
1,542.67 miles.
290.85
Total
1,833.52 miles.
a The Big Sandy Low Grade Line and the
and Kenova are operated as double track".
Second Track
Lynchburg Island Yard
Total second track
The
increase in mileage during the year
Branches
Second Track
was
as follows:
•
The average mileage operated during the" year
as against 1,723 during the preceding year.'
was 1,799
GENERAL INCOME ACCOUNT.
FOR THE YEAR ENDING JUNE 30TH 1905. AND COMPARISON
WITH PREVIOUS YEAR.
Increase + or
Earnings—
1905.
1904.
(
66
$3,150,859
18,894,941
222,978
310,040
140,157
00
37
77
99
)
—36
Decrease (
+ $7,913
+ 1,354,457
+ 1,158
+ 8,573
•
30
10
48
46
50
).
90
89
—1,820
31
51
$3,201 ,928 03
Changes having been made on July 1st 1904 in the classiNet Income, the figures for
the preceding fiscal year have been revised to conform to
the new classification for the purposes of the comparison
made in the foregoing General Income Account.
The gross earnings were $13,390, and the net earnings
$5,267 per mile of road operated.
The operating expenses were 60.67 per cent of the gross
earnings as against 60.18 per cent in the preceding year.
The taxes paid in the year were 2.78 per cent of the gross
earnings.
capital stock authorized
$22,718,976 84
+ 1,370,282
95
Maintenance of way
and structures
$3,095,910 25
Maintenance of equip-
$2,854,163 84
+ 241,746
41
464,77176
3,550,968 44
6,813,496 23
454,699 69
+ 366,299
+ 322,987
+ 10,072
69
83
07
Operating Expenses.. $14, 614, 434 20
$13,673,328 20
+$941,106 00
$9,474,825 59
$9,045,648 64
+$429,176 95
156,268 39
54,304 22
65,218 11
82,014 23
+91 050 28
—27,710 01
ment
3,917,268 13
7,136,484 06
Conducting transp'n..
General expenses
Net earnings from operations
To which add
and dividends
Rents
Hi.".•TL^il*: /T'T-r'"
Total income
1
"'
$210,572 61
$147,232
34-
-I
+ $63,340
27
$9,685,398 20
$9,192,880 98
+$492,517 22
Interest on funded d'bt $2,862,933 33
Interest on equipment
trust obligations...
226,666 67
$2,603,510 28
+$259,423 05
From which deduct
••671,000 00
Taxes
Interest, discount
and
•
91,343 82
and outstanding
consists of:
$66,000,000 00
23,000,000 00
$89,000,000 00
Total
Thirty shares of adjustment preferred stock, which were
in the treasury of the Company, were exchanged for securities of the old Company which had not been deposited
under the plan of reorganization, and at the close of the year
there remained in the treasury 89 shares of adjustment preferred stock and 15,308 shares of common stock.
FUNDED DEBT.
•
•
•'156,888 89
• +69,777 78
•• 671,40151 •_
—40151
•
...
•
...
72,777 78
•
The aggregate funded debt outstanding on June 30th
1905 was $68,289,500, of which $13,000 was held in the treasury of the Company; $3,000 First Consolidated Mortgage
bonds were exchanged for securities of the old Company.
The balance ($690,000) of First Consolidated Mortgage
bonds, available under Article I., Section 5, of the First
Consolidated Mortgage, has been sold and the proceeds applied to reimburse the Company in part for capital expenditures previously made.
Of the Divisional First Lien and General Mortgage bonds
authorized by the stockholders at the special meeting held
June 17th 1904, $8,000,000 have been sold and the proceeds
applied in reimbursement of expenditures previously made.
$2,000,000 additional of these bonds are held by the Trustee
of the mortgage subject to your Company's call, but have
not been sold and are not included in the statement of funded
debt.
EQUIPMENT TRUST CERTIFICATES.
$24,089,259 79
Net Income..
Balance to credit of Profit and Loss June 30th 1905
660,000 shares of common stock
230,000 shares of adjustment preferred stock
64.39 miles.
..16.13
"
79.80
Sidings
exchange
$3,606,968 03
405,040 00
..731.92 miles.
—
S449.995 02
3,156,973 01
Discount and commission on securities sold
4.10 miles.
1.78
1.04
58.17
165.92 miles.
Sidings
Interest
carried to Profit and Loss for the year
to credit of Profit and Loss June 30th 1904
CAPITAL STOCK.
59.01
20.78
1.50
11.63
.
Total Earnings
Expenses
1,000,00000
,250,000 00
1
7.91
Sciotoville to Davis
"
1,034,076 00
Betterment Fund
Fund for Acquiring Additional Equipment
The
Ironville to Radford
Walton to Ripplemead (Sections)
Pearisburg to Vivian
Hatfield to Naugatuck
$3,158,772
freight
20,249,399
mail
224,137
express
318,613
miscellaneous-.
138,336
c„
Naugatuck
old road between
Lambert's Point to Norfolk
Norfolk and Southern Junction
"
"
134
fication of accounts entering into
14.59
Branches
"
W p.c,
shares:
Dec. 16 1904.. .$967,038 oo
June 10 1905.. . 907,038 00
43.49
Railroad
passengers
63,853 36
11.57
Roanoke
From
$216,000 00
919,530 00
On common
Amount
Amount
3. 48
Ironton
on account oi deficiency of
Norfolk
.t
Western
on
Pocahontas Joint Bonds
Advances to subsidiary companies and
miscellaneous charges to income
Dividends
On adjustment preferred shares:
2 per cent, Aug. 19 1904.1469,762 00
2 per cent, Feb. 17 1906. 459.768 00
5,383,459 3«
115.43
Branches
to Winston-Salem
Branches
Radford Junction to Bristol
Branches
North Carolina Junction to Fries
Branches
Graham to Norton
Branches
Portsmouth Junction to Cincinnati and
Ivorydale
Branches
Columbus Connecting and Terminal
Company
Interest
2 p.
703.76 miles.
Durham
Branches
From this nel Income for the year ending June 30th 1905.. $5, 833, 454 38
The folio
d
Payments to Po< ahonta
Coal i
—
EEFlllI.Mn.ES OF ROAD OPERATED.lBff-i
Lambert's Point, Norfolk, to Columbus,
Ohio
Low Grade Line,
a Big Sandy
Naugatuck to Kenova, W. Va.. 59.16 miles.
124.07
Branches
1905.
+18,566 04
$3,851,943 82
$3,504,578 46
+$347,365 36
$5,833,454 38
$5,688,302 52
+1145,15186
A new
series of 4 per cent Equipment Trust Certificates
has been issued, designated as "Series C," amounting to
$2,000,000, payable in annual instalments of $200,000 each,
from April 1st 1906 to April 1st 1915 inclusive. These certificates are secured upon the following equipment:
17 Class "W" freight locomotives,
2,000 hopper bottom gondola cars.
None of this equipment had been received on June 30th
It will be paid for as delivered out of the proceeds
1905.
of sale of the Trust Certificates now on deposit with the
Trustee.
The following statement shows in detail the outstanding
Equipment Trust Certificates and the equipment upon which
they are secured:
CONSTRUCTION, EQUIPMENT AND BETTERMENTS.
Work was actively prosecuted upon the new lines under
construction and upon the additions and improvements to
your railroad and other property required to develop local
industries and to enlarge your Company's traffic and earnings
at a minimum of cost for maintenance and operation.
The Big Sandy Low Grade Line from Kenova to Naugatuck, West Virginia, was practically completed and has been
Large expenditures
in operation since December 15th 1904.
were made for sidings and yards, and for second track. The
work of double-tracking involves many revisions of line and
—
.
THE
Sept. 10 L905.|
grade; a considerable part of
its
cost
and the
Betterment
Real
buildings & shops
Coal water ami sand supply
.
SIM li
Total.
$157,070 S3
-
72,628 19
72,6
248,160 73
766,163 39
1,582,253 29
26,24172
26,24172
Ballasting
Lining tunnels
47,367 15
34,417 31
34,417
17,367 15
;;i
-
icing bridges
&
S03.545
7!>
Improving alignm't&grade
:ries
12,028,270 29
Fund
71,113 68
608,285 28
11,32034
52,975 1)5
$1 ,848,483 54
874,
608,285 28
11,32034
52,1)7."'
$3,876,7*
Big Sandy
RR
Naugatuck Branch
Columbus Terminal
>v
1,440,004 70
1,440,00
$3,288, 4SS 24
$5,316,75
1
70
Transfer Rail'd .prop-
250,000 00
-.
i
advanced
-
to the laeger
for construction
U
$7,092,148
1
S460.S9S 14
purposes
i
linst
Bt-tterment'Fund during the year
Balance in Fund
at close of
year
This railroad
described in the Report for the year ending
The entire capital stock (except qualifying
Directors) is owned by your Company.
The
is
June 30th 1903.
shares held
Location of
by
been revised, and some grading has
been done on the northwest side of Clark's Gap.
its line hits
l
& Southern Railway
out of surplus" income, had
Fund,
$4,093,696 06
.
June 30th 1904
d to this Fund out of surplus income
1,000,000 00
ending June 30th 1905
nl
lit
Track has been restored on the old roadbed of Big Creek
branch above Richlands, Va. and the line has been extended
The length of this branch is
1.83 miles to coal operations.
GUYANDOT & TUG RIVER RAILROAD COMPANY.
496, To: 25
1,028,682 36
en
Total
CREEK BRANCH
BIG
5.90 miles.
$2,028,270 29
—
add
NSION
,
Equipment
Kenova*
II
Control of the Big Stony Railway, having a length of 10.68
from a point on New River near Ripplemoad to Interior,
Va., was acquired April 1st 1905 by your Company at a COSt
149,527 21.
The traffic on this branch consists chiefly of lumber; but
future developments and an extension of about thirty miles
will secure to your Company a large iron ore traffic, which
will insure the operating of the Virginia furnaces on your line.
('.">
charged agst
Acquiring Ad-
for
EX
utiles,
Fencing
.nut
..
trestles
I.
BIG STONY RAILWAY COMPANY.
299,
(including
816,089 90
El
1
118,894 25
248,160 73
track
ul
tunneling)
>\\
This branch is operated from [vanhoe to Cripple Creek,
Grading is now in progress on an extension
11.16 miles.
above Cripple Creels to Speedwell, a distance of -i\ miles, to
15 per cent of the
teach additional iron ore properties.
work on this extension was done by June 30th L905, and the
to that date was SI ,1 12 12.
Fund.
$18.894 25
141,579 62
---
plants..
Branches and
—
i)i:i
cost of bridge
Charged against Charged against
lint.
—
,
CIIRONICLK.
replacements and certain other extraordinary expenditures
are payable out of the Betterment Fund.
rhe following table summarizes the work of Construction,
Equipment and Betterment for the year:
Property
—
—
$5,093,696 06
1,848,483 54
$3,245,212 52
COLUMBUS TERMINAL & TRANSFER RAILROAD COMPANY.
On May 19th 1905 your Company acquired by purchase the
property at Columbus of the Columbus Terminal & Transfer Railroad Company, and it now owns in fee simple all of
the property, including the vacated streets, railroad tracks,
warehouse, and all appurtenances thereof.
This property is adjacent to and greatly enlarges the freight
delivery and warehouse facilities of your road at Columbus,
Ohio, and, further, secures access to important industrial
plants.
It was previously operated under the lease mentioned in the preceding Annual Report.
MAINTENANCE OF EQUIPMENT.
The Fund for Acquiring Additional Equipment was created
meet maturing principal of Equipment Trust Obligations
and to offset the depreciation in the value of the Company's
equipment from other causes than those involving current
repairs and replacements chargeable to Operating Expenses.
Through the operations of this Fund during the fiscal year the
Company acquired $1,440,004 70 of new equipment and
charged off 8200,000 of matured Equipment Trust principal.
The total appropriations from Surplus Income for betterments to your railroad and equipment from October 1896 to
June 30 1905, were $12,564,485 72. During the same
period the expenditures capitalized for Construction and
Your Company's equipment has been maintained at a high
standard. The cost of maintenance was $3,917,268 13, an
increase over the preceding year of $366,299 69.
This included $479,255 for replacing equipment destroyed or retired
from service and $235,000 credited to the fund for acquiring
additional equipment.
Additions have been made to the machinery of the various
shops to increase their capacity. The cost of these additions
other property accounts, including advances to the laeger
& Southern Railway Company for construction purposes,
aggregated $24,016,154 97.
Outlying Shops
to
is
approximately as follows:
Roanoke Shops
$17,500 00
15,000 00
9,000 00
Portsmouth Shops
Total
GENERAL REMARKS.
BRANCHES AND EXTENSIONS.
KENOVA & BIG SANDY RAILROAD AND NAUGATUCK BRANCH.
The Big Sandy Low Grade Line, having a total length from
S41.500 00
The cost of engine repairs was $1,422,036 21, an increase
of $59,446 78 over the preceding year.
The cost of engine fuel consumed was $1,199,968 78, a
decrease from the preceding year of $76,863 57.
The tractive power of locomotives on June 30th 1905 was
753,248 pounds greater_than at the close of the preceding
year.
The following trust equipment was received:
Naugatuck to Kenova of 59.16 miles, was put in operation
December loth 1904. This line and the old road between
Series B — 4 locomotives.
Naugatuck and Kenova are operated as double track.
C — (delivery not commenced).
The cost of this line to June 30th 1905 was $4,668,729 33.
The removal of slides, the permanent arching of tunnels
The following additions were made to your equipment
and the construction of some stone arch masonry are still in through the Fund for Acquiring Additional^Equipmcnt:
prog:
IAEGER & SOUTHERN RAILWAY.
This line is operated from laeger to Rittcr, 4.9 miles. The
operated portion is being improved as to line and grade and
an extension is being constructed to a point 30 miles from
60 per
laeger up the Dry Fork branch of the Tug River.
cent of this work was completed on June 30 1905, and the
to that date was $560,106 42.
it Lb expected that track will be laid to the Berwind-White
il Mining Company's plant before December 1905 and that
during the coming year a large output of coal will be received
therefrom.
1
CLEAR FORK BRANCH.
baa been laid, and was put in operation April 10th
1905 from Gordon up the valley of Clear Fork along the mute
of the West Virginia Southwestern Railway Company, the
itrol of which has been acquired by your Company, 9 93
miles to coal operations near Coalwood, W. Va.
;
27 locomotives,
20 passenger cars,
6 combined baggage and express cars,
5 combined baggage and mail cars,
t)00 box cars
80,000 pounds capacity,
—
370 hopper-bottom gondolas
The following equipment was acquired through the Equipment Renewal Fund:
1 combined baggage and mail car,
200 hopper-bottom gondolas — 80,000 pounds capacity,
200 hopper-bottom gondolas 100,000 pounds capai Ity,
l drop-bottom gondola— 100,000 pounds capacity,
25 cabin cars.
1 steam. u reck car.
—
drop-bottom
There was also added to the equipment
gondola 85,000 pounds capacity, the eost of which was
charged to operating expen
The total equipment owned and Leased June 30th 1905
1
—
consisted of
88 p
RAD1 ORD BR INCH.
ion of the Radford Branch to a point neat the
junction of the Little and New Rivers, referred to in the preceding annual report, has been completed, the total Length
of the branch and spurs being 4.62 miles.
— 100,000 pounds capacity.
60
witching
ol
1
668 locomotl
:
26,
;
7
rnafntt
bargi
i
-
•
THE CHRONICLE.
914
[Vol. lxxxi.
The equipment leased is shown in detail on page 54 of
Tons of freight carried earning revenue increased 1,730,671,
or 12.3 per cent; the average haul of freight decreased 1.89
pamphlet report.
There were in the shops undergoing and awaiting repairs miles.
at the close of the year, 66 locomotives, or 9.9 per cent (12
needing only light repairs), 21 passenger cars, or 6.5 per
cent, and 494 freight cars, or 1.9 per cent.
The total freight revenue increased $1,354,457 90, or 7.2
per cent; the average rate per ton per mile decreased
019
cents.
The freight train mileage increased 189,002 miles, or 2.4
per cent; the average tons,per train mile increased 43 tons, or
8.8 per cent.
The cost of Maintenance of Way and Structures was $3,The coal shipments were 8,183,576 tons, an increase of
095,910 25, or about $1,721 per mile of road, as compared 1,374,952 tons, or 20.2 per cent.
with $1,660 per mile of road for the preceding year.
The lumber shipments were 1,329,364 tons, a decrease of
63.95 miles of main track were relaid with 85-pound steel 11,550 tons, or 0.9 per cent.
rails.
The shipments of other low-class commodities connected
73.95 miles of track were full ballasted.
with the iron and steel industries were as follows:
Extensive additions were made to division yards at
Coke shipments were 1,953,350 tons, an increase of 282,491
Roanoke, Bluefield and Williamson, and property was tons, or 16.9 per cent.
acquired at South Norfolk for a large receiving yard at that
Iron ore shipments were 598,278 tons, an increase of 2,039
point.
tons, or 0.3 per cent.
New stations were erected at the following points: At
Limestone shipments were 175,652 tons, a decrease of
Roanoke a brick passenger station, two stories in height, was 47,006 tons, or 21.1 per cent.
completed, with necessary platform and two umbrella sheds;
Pig iron shipments were 449,249 tons, a decrease of 3,644
at Marion a commodious brick station; at Pocahontas a large tons, or 0.8 per cent.
frame passenger station; and combined passenger and freight
The following industries have been established upon your
stations at Myrtle, Lurich, Matoaka, Warfield, Crum, Webb, lines during the year:
Glen Hayes, Saltpeter, Cassville, Hewlet, Prichard, Cyrus
and Neal.
1 asphalt-pavement factory,
4 furniture factories,
A Union Passenger Station was erected at Durham, N. C,
3 brick plants,
7 heading and stave mills,
through the Durham Union Station Company, an organiza1 barrel factory,
1 horse-collar factory,
tion in which the Southern Railway Company, the Seaboard
2 bottling works,
6 lumber yards and planing mills,
Air Line Railway and the Norfolk & Western Railway
1 box factory,
1 meat-packing establishment,
Company are equally interested, and which operates the
1 peanut-cleaning factory,
3 canning factories,
Union Station for their joint benefit.
1 pants and overall factory
3 manufactories of cement buildStations were enlarged at Suffolk, Zuni, Brookneal,
ing blocks, etc.,
30 sawmills,
Clarkton, Roxboro, Henry, Bassett, Winston-Salem (freight)
1 shirt factory,
1 excelsior factory,
East Radford, Wytheville, Crockett, Bristol (freight),
1 stove factory,
3 flour mills,
Graham, Tazewell, Cleveland, Castlewood, Pocahontas
1 foundry,
1 sulphuric acid factory.
MAINTENANCE OF WAY AND STRUCTURES.
and Keystone.
1 vehicle-material factory.
and a machine shop for running repairs were
At the close of the year there were 144 coal and coke comerected at West Roanoke.
Agents' dwelling houses were erected at Panther and panies in operation; 10,867 coke ovens were completed and
Miner.
1,195 under construction, including 1,395 completed and
Twenty-one section foremen's houses and the same number 945 under construction for the United States Coal & Coke
Company.
of section men's houses were erected at various points.
On June 30th 1905 there were in operation 14 iron coke
Coaling stations were erected at Durham, Lurich, Borderfurnaces, with an estimated aggregate capacity of 2,000 tons
land, Wayne and Prichard.
Standard 50,000-gallon capacity tanks were erected at of pig iron per day; 7 furnaces, aggregating 595 tons of pig
Jericho, Crewe, Concord, South Boston, West Roanoke Yard, iron per day, were out of blast.
The extension of second track eastward from Ironville to
Wytheville, Pembroke, Lurich, Richland, Matoaka, Vivian,
Pageton, Wayne, Crum, Glen Hayes. Cassville, Prichard, Forest, 29 miles, is in progress on reduced grades. The uncompleted section of second track between Walton and
Neal, Columbus and Williamsburg.
Pumping plants of increased capacity were installed at Pearisburg amounts to 20.24 miles. The portion between
Crewe, Concord, Rocky Mount, Henry, Phospho Lithia, Welch and Davy, 7.2 miles, will be finished in a few months.
West Roanoke, Pembroke, Lurich, Matoaka, Pageton, Fair progresss has been made on second track for 5.1 miles
Naugatuck, Crum, Glen Hayes, Cassville, Prichard, East east of Hatfield Tunnel, and the section from Hatfield to
Naugatuck is now in operation, excepting the tunnel directly
Portsmouth, Columbus and Williamsburg.
Water filter plants were constructed at Pembroke and west of Williamson.
Additional second track, aggregating 59 miles, will be reLurich.
A water softening plant was installed at Joyce Avenue quired to complete double-tracking of the fine between Ironville, Va., east of Blue Ridge Summit and Kenova, W. Va.,
Yard, Columbus.
Standard 100-ton capacity track scales were installed at on the Ohio River.
West of the Ohio River second tracking is in progress
Riverton, Marion, Wilcoe, Columbus and Sardinia.
Interlocking and signaling apparatus was installed or im- between Ironton and Hanging Rock.
The extension of shops at Roanoke is in progress; also the
proved at Lambert's Point, South Norfolk, Suffolk, Church
Road, Concord, Lynchburg, West Roanoke, Montgomery, enlargement of division yards at Roanoke, Bluefield and
Walton, Low Grade Line Tunnel, Curve, West Bluefield Williamson.
The Conducting Transportation Department has been
Yard, Hatfield Bend Tunnel, Naugatuck, Kenova, East
Portsmouth, Portsmouth Junction, Chillicothe, Bannon, efficiently and economically managed, as will be observed from the annexed statistical tables, which show
Columbus and Batavia.
3,256 lineal feet of wooden bridges and 79 lineal feet of in detail the operations of this department (see pamphlet
light iron bridges were replaced by masonry or culvert and report.)
On March 1st 1905 the Guaranty Trust Company of New
embankment.
5,409 lineal feet of wooden bridges and 2,117 lineal feet of York was appointed Transfer Agent in New York of the
capital stock of your Company, vice the Metropolitan Trust
light iron bridges were replaced by steel structures.
An electric turning apparatus was installed at Draw Bridge Company, resigned.
On March 1st 1905 Mr. A. J. Hemphill, who had been
No. 7, South Norfolk, replacing hand power.
292,087 cubic yards of material was dredged from slips at Secretary of your Company and of its predecessor, the Norfolk & Western Railroad Company, for a period of twentyLambert's Point Coal Piers.
A new tunnel 649 feet long for second track at Montgomery two years, and Assistant Treasurer of the Company since
October 1897, resigned these positions to become a Vicewas completed.
Tunnels were lined with brick in the Clinch Valley District President of the Guaranty Trust Company of New York.
as follows: Holbrook, 299 feet; Little Bull, 221 feet, and Big Mr. E. H. Alden was appointed his successor as Secretary
Bull, 10 feet; completing the last named.
and Assistant Treasurer.
Effective March 1st 1905, Mr. William G. Macdowell,
Six enlarged culverts were constructed on Radford and
Treasurer and Assistant Secretary of the Company, was
Scioto Divisions.
904 ,478 cubic yards of material were used in widening and appointed Vice-President in charge of the Accounting and
Mr. Joseph B. Lacy was promoted
Financial Departments.
strengthening banks.
1,064,632 lineal feet, equal to 201.63 miles, of standard to the position of Treasurer and Mr. H. W. Griffith was ap(freight)
A roundhouse
fencing were erected.
96,202 lineal feet of
used for guard
rails
pointed Assistant Secretary.
52-pound and 56-pound
on important bridges.
fit
rail
were
TRAFFIC.
As compared with the preceding year, passengers carried
earning revenue decreased 64,003, or 1.8 per cent; the average haul of passengers increased 2 miles.
The total passenger revenue increased $7,913 36, or 0.3 per
cent; the average rate per passenger per mile decreased
0.07 cents.
•
4;
•
&
Co.," who
certificate of Messrs. Price, Waterhouse
were re-elected at the last annual meeting to audit the books
and accounts of the Company, is attached to the Balance
The
Sheet.
• i
The Board expresses its acknowledgment to the officers
and employees for the faithful discharge of their duties^during
the year.
By
order of the Board
L. E.
JOHNSON,
President.
—
.
Sept. 16 1905.
THE CHRONICLE.
|
NORFOLK
COST OF ROAD AND
WESTERN RAILWAY COMPANY
ft
I
\l
j)ir>
KM. HU.ANCE SHEET JUNE
Comparison with
June 30th 1904
ASSETS.
EQUIPMENT—
Railroad franchises ami other property
Rolling BtOCk..
$138,017,104 71
12.4S3.021 25
+$4,334,986 35
+119,50000
$150,500,125
CINCINNATI PORTSMOUTH
ft VIRGINIA RAILROAD, COST OP
RAILROAD
Kl'NOV \
RAILROAD AND NAUGATUCK BR well
• RADFORD SOUTHERN RAILROAD ft MINING COMPANY, COST OF.
COLUMBUS TERMINAL A TRANSFER RAILROAD COMPANY PROPERTY AT
a
[AEOER
4 SOUTHERN
A BIG 9 VNHY
ILUMBUS
-.
-
mortgage bonds
$574 ,500
508,192
50,183
670,213
--_
Individuals and companies
Road and Equipment
as of July
1
+ 80,578
+ 100,276
+ 429
80
70
04
61
66
— 13,707 21
1,809,151 00
17,044 52
1.733,845 71
—9,136 70
+ 184,278
12
495.000 00
6.330.731 47
+ 12,000 00
+ 4,128,039 52
$176,272,404 47
+$10,362,559 85
1904.
$23,000,000 00
66,000,000 00
Adjustment preferred
Common.
$89,000,000 00
UNDED DEBT—
South Side Railroad Company consolidated mortgage bond
Virginia ft Tennessee Railroad Company enlarged mortgage bonds
Norfolk ft Western Railroad Co.:
General mortgage 6 per cent bonds
New River Division first mortgage 6 per cent bonds
Improvement and Extension mortgage 6 per cent bonds
Scioto Valley & New England RR. Co. first mortgage 4 per cent bonds.
Columbus Connecting ft Terminal RR. Co. 5 per cent mortgage bonds.
Norfolk ft Western Railway Co.:
First consolidated mortgage 4 per cent coupon bonds
First consolidated mortgage 4 per cent registered bonds
Divisional first lien and general mortgage 4 per cent coupon bonds ..
Divisional first lien and general mortgage 4 per cent registered bonds.
$1,000 00
5,000 00
7,283,000
2.000,000
5,000,000
5,000,000
600,000
00
00
00
00
00
+ $538,000 00
37,387,500 00
3,013,000 00
7,960,000 00
40,000 00
+ 152,000
+ 7,960,000
00
00
40,000 00
68,289,500 00
EQUIPMENT LIENS—
Western Railroad Co.:
Equipment mortgage bond
—1,000 00
of 1888
OUTSTANDING EQUIPMENT TRUST CERTIFICATES FOR LEASED EQUIPMENT.
INTEREST ON FUNDED DEBT, ACCRUED
ACCOUNTS PAYABLE—
Pay
—135,188 00
LIABILITIES.
CAPITAL STOCK—
<fc
00
97
59
CASH.
Norfolk
+ 1,800,000
"—3,000 00
INSURANCE PAID IN ADVANCE
MATERIAL AND SUPPLIES
POCAHONTAS COAL & COKE COMPANY— CASH ADVANCES FOR ADDITIONAL
REAL ESTATE...
1
7.300,000 00
—3,000 00
INVESTMENTS IN OTHER COMPANIES
ACCOUN rS RECEIVABLE—
a Transferred to Cost of
,525,389 61
00
1,552,700 00
1,054,970 00
United States Government
1
+ 250,000
13 ,000 00
i
+
250.000 00
88,900 00
1,530,800 00
Adjustment preferred stock.
ion agents
Traffic balances
—2.430.082 27
+460.898 14
—39,102 02
Common stock
:
9(5
560.106 42
4,668,729 33
EQUIPMENT LEASED UNDER TRUST AGREEMENTS, LESS AMOUNTS PAID OUT
OF INCOME
COMPANY'S SECURITIES IN THE TREASURY—
First consolidated
30TII 1905.
7,300 ,,00 00
948,548 00
$950,660
1,377,652
74,813
127,168
rolls.
Audited vouchers
Traffic balances
Individuals and companies.
85
81
60
00
67
+ 122,148
+ 239,010
+ 27,121
89
01
23
—73,343 28
71
2,530,295 97
319,105 88
3,245,212 52
TAXES ACCRUED
BETTERMENT FUND
RESERVE FUNDS—
Acquiring additional equipment.
Equipment renewal
Casualty
Rail renewal
+ 1,800,000
+ 189,680
+ 9,636
67
—848,483 54
—100,455 77
$770,263 19
572,970 16
1,124 73
87,449 99
+ 181,450
70
+ 87,449
+ 44,955
99
—5.610 74
1,437,814 07
3,201,928 03
PROFIT AND LOSS.
$176,272,404 47
02
+$10,362.559 85
—
Sote.
The Norfolk ft Western Railway Company and the Pocahontas Coal ft Coke Company are jointly and severally liable for $19,986,000
4 per cent bonds, but as between the two companies this debt is to be paid by the latter company and appears on its balance sheet.
CERTIFICATE OF INDEPENDENT AUDITORS.
PRICE. WATERHOUSE ft CO.,
Passenger Traffic—
Pass earnings per train
mile (cents)
Earnings per pass, per
mile (cents)
Chartered Accountants
New
York, August 26 1905.
Shareholders of the Norfofk & Western Railway Company
have examined the books and accounts of the Norfolk
cc Western Railway Company at Roanoke and Philadelphia
for the year ending June 30th 1905 and
We certify that the annexed General Balance Sheet is
properly drawn up therefrom so as to show the true financial
position of the Company at that date.
PRICE, WATERHOUSE ft CO.
Chartered Accountants.
To
the
We
TRAFFIC AND MILEAGE STATISTICS.
1904-1905.
Passenger Traffic
Passengers carried earn
ing revenue
3,630.9(
Pass'gers carried
mile 141,159,752
Passengers carried one
mil*- per mile of road
78. Id,
—
l
rage distance
ried per pars, (miles)
Total passenger
•ue
it
1903-1904.
3,-94,90.-,
Increase ( +
Decrease (
)
or
—
).
—01
—
3
>
18,168,773 60
+4,638,187
79,235
—769
from
80.
4'.
Average rer. per pass.
per rnile (cents)
2.23H
Total pass'ger eaniVs. 18,711.516 56
Passenger earnings per
mile of road
2,063 10
87.65
2.308
$3,717,427 67
2.157 53
—6.55
2.723
—0.094
2.629
earning revenue
15.852.323
Tons carried one mile. 4,270,239,257
Tons carried one mile
14,121,652
3,830,794,285
per mile of road
Average distance car-
2,373,674
2,223,328
ried per ton (miles).
Total rev. from freight
200.38
$20,249,399 00
271.27
$18,894,941 10
Average
revenue
per
ton of freight (cents)
127.74
133.80
Average rev. per ton
per mile (cents)...
0.474
Total freight earnings. $20,377,743 23
lit
earnings per
mile of road (cents..
11,327 20
freight earnings per
train mile f rents >__
253.62
earnings per
ton per mile (cents).
0.477
M
+2.00
).
0.493
519,083,503 40
11,075 78
243.24
0.498
+ 1,730,671
+ 439,444,972
+
150,346
—1.89
+ $1,354,457 90
—6.06
—0.019
+ $1,294,179 83
+ 251
+
48
10.38
—0.021
enger
Freight
'ger
13,233 31
+
157 05
206.18
+
4.49
210.67
and
freight.
7S
$2,354.645 54
11,859,084 17
14,213,720 71
,366 60
86
32 81
$2,446,247 73
12,168,186 47
14,614,434 20
l
freft
.'i.-,9
(
1
pass-
43
$1,288,268 72
Operating expenses
Pel mile of road, pi
11
$22,800,09107
train
rnile (cts)
—0.070
—94
115.70
Oross earnings
824,080,259 70
Gross earnings per mile
of road
13,300 36
+ $7,913 36
+ 1.81
—$5,911
109.15
Total Traffic—
186,521 ,565
37.98
$3,150.859 30
or
)
—
1903-1904.
Freight Traffic
Tons of freight carried
per
r
Increase ( +
Decrease (
1904-1905.'
senger and freight..
S.
123 64
S.J 19 41
+801,603
10
+ 309.102 30
4 400.70
I
Ifi
M3
— 1186 95
—125
77
THE CHRONICLE.
916
1903-1904.
1904-1905.
Increase ( +
Decrease (
Per train mile, passen"
ger (cents)
train mail, freight
(cents) ._
train mile, passenger & fr't (cents)
pass, per mile (cts)
ton per mile (cents)
"
"
"
71.94
73.29
—1.35
151.44
151.16
+ 0.28
127.81
128.53
1.725
0.309
—0.72
1
.733
0.285
Net earnings
Passenger
$1,265,268 S3
Freight
8,209,556 76
Passenger and freight. 9,474,825 59
703 32
Per mile of road, pass
frei't
4,563 40
senger and freight
" train mile, passen
ger (cents)
" train mile, freight
7
•" train mile, passenger & fr't (cents)
pass, per mile (cts.)
"
ton per mile (cts. ).
•
—$97,513 30
23
+ 985,077
+ 887,564
53
23
—87 61
+ 370 43
36
93
97
+ 282
•
42.41
—5.20
•
92.08
+ 10.10
77.65
0.998
0.189
—0.102
•
0.192
98,366.488
+ 5,668,854
33.05
+ 2.47
frei't
cars per tr'n
m.
22.00
21.11
-^-0.89
13.51
11.94
+ 1.57
Average number em'ty
frei't
cars per tr'n
m.
Average number tons
frei't
frei't
per tr'n mile..
531
24.15
all
property for the year
$6,013,214 66
4,067,901 45
$1,945,313 21
Net Earnings
Interest charges, less
and from Securities
Income from Subsidiary Companies
517,46187
Net Income
$1,427,851 34
Ratio of Operating Expenses and Taxes to Gross Earnings.
67.65%
made
for the usual dividends, payable semiannually in January and July 1905, at the rate of 4 per cent
per annum on the preferred stock and 3 per cent per annum
on the common stock, the total of these dividends amounting
to $930,000.
Provision was
As compared with the previous
•
trains
-76
3,400,205
8,034,639
731,526
12,166,370
3,213,003
7,845,637
572,674
11,631,314
3,409,205
3,213,003
-187,202
142,426
8,034,639
95,203
7,845,637
-r
4,080,632
2,278,454
3,599,265
2,180,987
708,241
18,644,597
572,674
17,506,769
-187,202
+ 189,002
+ 158,852
+ 535,056
—
passenger trains
Of freight engines
Of freight engines employed in helping
Of shifting engines ...
Of maintenance of way
engines..
Of all engines
+ 17,223
$72,450 60
Net Earnings increased
made up
of the follow-
$138,549 98
195,850 47
20,903 01
Coal Traffic
Other Freight Traffic
Mail, Express and Miscellaneous Earnings..
355,303 46
67,571 33
Less decrease in Passenger Earnings
+ 481,367
+ 97,467
+ 135,567
+ 1,137,828
1
30 1935
pared with 65.66 per'cent in the previous year. The iron
ore tonnage amounted to 6.38 per cent of the total, as compared with 3.81 per cent the previous year.
The decrease in passenger earnings was mainly due to new
and increased competition of parallel electric lines.
No sale was made of any of the First Consolidated 4J^ per
cent Mortgage Bonds, but at the beginning of the fiscal year
there was an unexpended balance of $243,454 90 on hand
from the proceeds of such bonds sold in the previous fiscal
year.
This fund was expended as follows, viz.:
For Additions and Improvements
$20,772 OS
In part payment of the Principal of Equipment Notes maturing in the calendar year 1904
222,682 82
Total
The following expenditures were incurred
$243,454 90
for Capital Ac-
count, viz.:
Yards
$34,714 27
10,348 45
1,254,30
35,522 74
8,008 94
2,766 30
Station Buildings
Shop Buildings
Additional sidings, including tracks to industrial works
Double trackine H. V. Division (Nelsonville Bridge)
Land Purchased
of Road and Property" Account
$92,615 00
Equipment Notes (principal) retired during
the fiscal year amounted to
$481,548 87
Of which, as above shown, there was contributed from the
Charged to "Cost
The
total of the
sale of
And
bonds
the balance was paid from Current
Funds
$222,682 82
258,866 05
$481,548 87
Total
*
Conducting Transportation
"'axes
Less decerase in General Expenses
189,002
For Additions and Improvements:
$287,732 13
215,281 53
Gross Earnings increased
Operating Expenses increased
The increase in Operating Expenses
following items, viz.:
Maintenance of Way and Structures
Maintenance of Equipment
1.02
1,723
Engine Mileage
Of passenger engines..
Of passenger engines
employed in helping
year:
The increase in gross'earnings was
ing items, viz.:
•
1,799
SIXTH ANNUAL REPORT— FOR/THE YEAR ENDING JUNE
jjO the Stockholders:
2.3.13
oj<
freight trains
+ 3,413,213
Gross Earnings
Operating Expenses and Taxes
-43
488
per loaded car
HOCKING VALLEY RAILWAY COMPANY.
The results of the operation of your
ending June 30 1905 were as follows:
-9,241,452
Aver'ge number loaded
Made by
+ 0.12
94,953.275
58,172,513
—
42
42
63,841,867
ated during year
Average number pass.
per train mile
Mileage loaded freight
cars, North & East.
South & West .
Average number fp-i'r
35.52
).
+ 7,767,058
70,663,089
35,473.928
care per train mile.
or
—
78.430,147
Train Mileage
Of revenue pass, trains
Of revenue frei't trains
Of non-rev. tr'n mil'ge]
—
5.27
(
44,715,380
mile
—
5.39
+)
West.
<t
Average mileage
Note.
The earnings and expenses for year 1903-1904 are the same as
those given in Annual Report No. 8, and differ in details from the figures
used in Income Statement on page 7, which are explained at top of page 8.
Increase ( + ) or
Decrease (
1903-1904.
904-1905.
Car Mileage
+ 1,422,009
16,917,764
18,330,773
Mileage of pass' ger cars
cars per train mile..
(
Decrease
Average number tons
+ 0.003
Average number pass.
South
cars,
82
+ 5.21
—
Increase
1903-1904.
1904-1905.
Mileage empty freight
cars, North <fe East.
Mileage empty f night
cars,
13
37.21
10.896
—
Car Mileage
Mileage loaded freight
).
+ 0.008
4,983 91
82.86
or
—0.024
5,266 72
102.18
(cents')
$1,362,782
7,224,479
8,587,261
790
4,192
)
—
[Vol. lxxxi.
•
•
$287,732 13
was made up
of the
$60,845
121,636
35,161
1,632
86
68
51
51
The Equipment Depreciation Fund, included in Operating
Expenses and set aside for the renewal of equipment, amounted to $396,877 84. This fund was partly expended as follows, viz.:
For the purchase of
New Equipment:
$68,500 00
44,711 68
15,304 21
100 flat cars
80 gondola cars
25 box cars
$219,276 69
3,995 16
]
>'•
$128,515 89
For the purchase from another
$215,281 53
1 officers'
car
$5,335 00]
3,850 90
!
paymaster's car
The greater part of the increase in Operating Expenses
went into the property in the items of Maintenance of Way
and Structures and Maintenance of Equipment, which to-
1
gether increased $182,482 54, including an increase of $26,076 65 in the charge for Depreciation of Equipment.
Conducting Transportation expenses increased $35,161 64,
or .0195 per cent as compared with the previous year, while
the number of tons of freight carried one mile increased
112,639,810, or .1128 per cent.
The train-load on the main line averaged 601 tons, an increase of 24 tons over the previous year, and the train-load
on the entire line, including the River Division, on which
the traffic is light, was 581 tons, an increase as compared
with the previous year of 27 tons. This was partly offset
by a lower average rate per ton per mile, which was 4.74
mills for the year, a decrease of 0.22 mills as compared with
the previous year; but with the aid of the additional trainload the earnings per freight train mile remained stationary
at $2 75, the same as the previous year.
The character of the freight traffic changed but little,
bituminous coal, as usual, forming the largest item, and
amounting to 65.45 per cent of the total tonnage as com-
for rebuilding:
257 freight cars and 3 locomotives.
line:
9,185 90
And
42,036 50
$179.738 29
Total
1,810 tons of new Steel Rails, weighing 80 lbs. per yard,
were laid on the Toledo Division from Carey to Fostoria, 14
miles; 2,890 tons of new rails of the same weight were laid
on the Hocking Divsion between Columbus and Valley Crossing, 7 miles, and from Hemlock to Nelsonville, 16 milesj
making the total rail renewal for the year 4,700 tons.
In many other respects the condition of the property and
equipment was materially improved. The particulars of the
work done in the departments of Maintenance of Way and
Structures and Maintenance of Equipment are shown in the
appendix to this report.
The Balance Sheet and Income Account, with the cus-
tomary
statistics, are
By
appended
to this report.
order of the Board of Directors,
N.
MONSARRAT,
President,
—
—
THE CHRONICLE.
Sept. 16 1905.
CONDENSED BALANCE SHEET
INK
J
30
INCOME ACCOUNT.
L906".
ASSETS.
YEAR ENDING JUNE
Cost of Road and Property.
Rollins Equipment
Securities
126,520,588 98
7,141,061 02
11,631 ,306 27
19,017 si
1,306,250 00
254,560 47
Owned
Unexpended Balance in Sinking Fund
Kan. A Mich. Ry. Equipment Notes
Materials and Supplies
Advances to Subsidiary
Companies
ments.. .
for
Coal Earnings
Freight Earnings
„
Passenger Earnings
Mail Earnings
Express Earnings
Miscellaneous Earnings
and Controlled
Additions and Improve8,142,206 11
-.
Total Invested Assets
2,083,281 00
LIABILITIES.
$11,000,000
15,000,000
is, 024, ooo
1,120,000
Mortgage Debt
Car Trust Bonds, Series 1902
Car Trust Notes
Less Unaccrued Interest,
eluded in face of notes
774,673
175,000
113,194
69,596
170,393
Bills Receivable Discounted
Accrued Interest on Funded Debt
Accrued Taxes
Reserve Funds
Working
Profit
and Loss
4,067,901 45
Net Earnings from Operation.
Income from Securities Owned
Net Income Subsidiary CompaniesNet Income— Toledo Dock
$1,945,313 21
$222,076300
121,131 85
38,422 05
Lease
3S2.230 50
$2,327,543 71
Funded Debt
Unfunded Debt
(Cr.)
8931,710 02
100,489 07
$831,221 56
25,882 55
42,588 27
Rentals
Net Deficit Subsidiary Companies.
—
Total Deductions from Income
899,692137
Net Income
Percentage of Operating Expenses and Taxes
to Gross Earnings
and Dividends due and
.
Total
Total Operating Expenses] andTaxes.
Interest on
Interest on
165,698 98
10,071 06
270,365 27
Drafts in Transit
Due Roads, Individuals and Companies.
Interest
..$3,860,438 17
207,463J2S
$46,115,582 08
Unpaid Labor
unpaid
1
Total Available Income..
371,582 08
Total Capital and Mortgage Debt
Coupon
15
34
90,013,214 66
in-
25,663 90
76
Total Other Income.
00
00
00
00
§397,240 04
•
29
61
51
$651,206 06
,293,405 33
1,800,767 62
115,059 26
—
$51,998,452 29
—
•
Taxes
Working Assets
Capital Stock Common
Capital Stock— Preferred
l
Total Operating Expenses
10.672 40
874,250 70
1,257,500 00
40,218 22
920 SI
Bills receivable
$2,743,806
,986,672
764,056
42,677
.
54,412
122,620
Maintenance of Way and Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
308,886 00
94,544 43
Accrued Interest Receivable
Unexpired Insurance
30 1905.
Gross Earnings
.840,015,170 00
357,620 82
13
.60S
38
Cash
Cash in Transit
Cash with Financial Agents to Fay Coupons ami Dividends
Due from Agents and Conductors
Due from U. S. Gov't— P. O. Dept..
Due from Roads, Individuals and Cos
Total
917
50
00
15
95
81
81,427,851 34
67.65%
LOUISP.ECKER,
Auditor.
Note.
1,748,993 72
4,133,876 49
Liabilities.
—Surplus..
—The Hocking Valley Railway Company
is
the joint endorser
and Interest) with the Toledo& Ohio Central Railway Company of the bonds of the Kanawha & Hocking Coal & Coke Company
($3,000,000) and of the bonds of the Continental Coal Company ($2,(Principal
$51,998,452 29
.
750.000).
BROOKLYN RAPID TRANSIT COMPANY.
ANNUAL REPORT FOR THE YEAR ENDING JUNE
85 Clinton Street,
Brooklyn, N. Y., September 1st 1905.
The Results of
System for
the
the
Operations of the Brooklyn Rapid Transit
Year Ending June 30 1905 were as follows:
Gross Earnings from Operation
Operating Expenses
$16,333,444 59
9,803.870 32
Net Earnings from Operation
Income from Other Sources
$6,529,574 27
252,135 03
Total Income
Less Taxes and Fixed Charges
$6,781,709 90
5,178,491 55
Net Income
$1,603,21835
Out of which was taken for Betterments and Additions
453,284 87
to Property
Surplus for the Year
Surplus June 30 1904
$1,149,933 48
1,594,189 72
$2,744,123 20
Surplus June 30 1905
Of
1
1904.
1903.
Per Cent
905 over
1903.
$9,757,629
+6.02
$9,284,157
+11.42
4.071,917
+13.53
3,802,683
+39.48
•
Total
$16,333,444 $14,755,158
The physical condition
75,658 +640.87
+4.82
117,823
192,957 +190.49
132.055
—6.89
of the
+ 10.69
property
$13,280,321
is
a seating capacity for 48 passengers, are convertible to winter
or summer service, and are fitted with air brakes and 4-40
h. p. motors.
FREIGHT ROLLING STOCK.
WILLIAMSBURG POWER STATION.
Per Cent
905 over
1901.
There have been added to the equipment 100 new elevated
motor cars and 87 convertible surface cars. In further addition, 100 elevated and 114 convertible surface cars are to be
received during the present summer.
The surface cars have
$984,723 20
1
1905.
PASSENGER ROLLING STOCK.
1,759,400 00
The divisional statement of gross earnings given below
shows the comparative figures for the fiscal years of 1905-1904
and 1903.
PsssGn^fr
Surface
$10,345,111
and
Bridee
Elevated. 5,304,289
Frf-isrht, Exp'
Mail, etc
560.533
123,511
Advertising---
standardizing and fire.proofing the elevated cars and partially
rebuilding surface cars.
The work of rebuilding and fitting the elevated steam cars
for electric operation, since the use of locomotives was abolished, has been delayed by tardy delivery of materials.
This
work will, however, be completed within the present year.
Fifteen box and 35 gondola cars have been added during
the year to freight and service equipment, together with one
electric locomotive, built in the Company's shops.
this amount there has been appropriated
In Adjustment of Supply Accounts
$12,600 00
For Discount on Bonds Sold
1,746,800 00
Balance Surplus June 30 1905
30 1905.
+22.99
improved.
MAINTENANCE "OF WAY AND STRUCTURE.
During the year the increase in this item amounted to
1200,606 07, or 32.58%, and was principally due to repaying
between tracks, bonding rails and the renewal of a large
amount or worn-out track and special work.
The new Williamsburg power station building is approaching completion.
One 7,500 k. w. turbo-unit and one 5,500
k. w. unit will be installed about the. end of this year, and
a third unit of 7,500 k. w. capacity during the summer of
1906.
Additional units will be installed from time to time,
according to the requirements of the Company's business.'
This station is designed for an ultimate capacity of 100,000
k. w., or 130,000 h. p.
SUB-STATIONS.
The capacity of each of the following sub-stations has been
increased by the addition of 1-1,000 k. w. rotary with static
transformers and switchboard:
Tompkins avenue.
Coney Island.
Brooklyn Bridge.
A new station has been erected on Myrtle Avenue, between
Lewis Avenue and Broadway, and is nearly ready for use.
This station will be equipped at once with -1-1 ,000 k. w. roIt
taries and the necessary transformers and switchboards.
has a reserve capacity for two additional units.
MAINTENANCE OF EQUIPMENT.
This item shows an increase for the year of $449,290 93,
or 37. 25%, in part attributable to radical power station
machinery overhauling, but principally on account of
Parkville.
Essex.
SUBWAY CONDUITS.
There have been constructed during the year 87,000 lineal
subway conduits, ranging from 6 to 24 ducts, with
feet of
THE CHRONICLE-
918
capacity for 900,000 lineal feet of cable, 143,000 feet of high
tension, and 85,000 feet of low-tension cables have been
installed.
ELEVATED STRUCTURES,
At Cypress
36th streets, a distance of 4.65 miles, were relaid with 80-lb.
rail.
Contract has been let for the cleaning and repainting of
50,000 lineal feet of elevated structure.
The Fulton Ferry branch of the Brooklyn Union Elevated
structure, 1.27 miles in length, has been removed.
The bonding of the elevated structures to enable their use
for return circuit has been completed.
All platforms on the 5th Avenue and Lexington Avenue
lines have been lengthened to accommodate six-car trains.
The same will be done with the balance of the elevated
system.
The general re-arrangement of the elevated station, storageyard shops and shop-yard at 36th Street and 5th Avenue
was commenced by the construction of a four-track station,
the laying of new side-tracks and new tracks connecting with
surface lines leading to Coney Island and other outlying
districts.
STORAGE YARD AND REPAIR SHOP FOR ELEVATED
CARS.
New
York.
CAR STORAGE YARDS— SURFACE.
Car storage yards were constructed at the following points,
of the capacity indicated:
Wyckoffff Avenue, Hidgewood
5th Avenue and 23d Street
Flatbusli Avenue and Duryea Place
FACILITIES.
At the 65th Street terminal arrangements for transfer of
passengers, between elevated and surface lines, have been
improved by station and track re-arrangement.
STATION BUILDINGS.
Station alterations and improvements have been made
Ridgewood, Cypress Hills, City Line, Bridge station of
Fulton Street line and Broadway Ferry station.
at
Under the Act for Elimination of Grade Crossings on the
Brighton Beach line, the elevated structure has been extended from St. Marks Avenue to Sterling Place, abolishing
grade crossings at Prospect Place and Park Place. A station
at Park Place has been built.
SURFACE LINES.
MISCELLANEOUS.
Bergen Street depot was partly reconstructed, and new
inspection pits put in, with conveniences for light repair
work. Pits were installed in the depot at 23d Street and
5th Avenue, and tools supplied for the overhauling and repairing of Freight, Mail and Express cars.
A new emergency crew station was built on High Street,
near Sands Street.
A fireproof building for the storage of cement was erected
on the Company's 52d Street dock property, and a fireproof
building for waste, adjoining the 52d Street shops.
On the site of the old Brighton Beach railroad station,
at Atlantic and Franklin avenues, a new work-shop with
machinery and power, and storage sheds, have^been provided for the Building Department.
The Brighton Beach Hotel property was overhauled and
repainted, the bulkhead partly rebuilt, and material changes
and additions made in the track arrangement of the terminal
yard in order to meet the requirements arising out of new
developments at that point.
An extension of 132 feet was made in the tunnel arch over
the South Brooklyn railway, bringing it up to a point 75 feet
east of 6th Avenue and a retaining wall laid between 3d and
4th avenues on 38th Street.
An instruction room has been provided in the 58th Street
depot, fitted with apparatus necessary for the thorough
schooling of trolley-men, and a school car equipped for the
instruction of elevated train-men.
The ten-story addition to the General Office Building is
completed. With the interior re-arrangement of the old
building now nearly finished, all departments heretofore
occupying leased quarters in different parts of the city will
be brought under one roof.
With an increase of upwards of $500,000 insurance carried
by this Company, an annual saving in premiums of $12,000
was effected through the institution of improvements, and
by the systematic exercise of protective measures, at a com,
WILLIAMSBURG BRIDGE TERMINAL.
Trolley service over the Williamsburg Bridge to Delancey
Manhattan ,was inaugurated in November last, and
has been continued up to the limit of the capacity afforded
by the wholly indaequate terminal provided by the City of
New York at the Manhattan end of the Bridge.
Street,
A new
line constructed through Wyckoff Avenue and
Street, from the intersection of Myrtle and Wyckoff
avenues, at Ridgewood, to Broadway, 3.41 miles of single
track opening a new section
to Williamsburg Bridge;
the extension of the double-track Kingston Avenue line,
from Douglass to Carroll street; of the Union Street line, by
single track, from Court to Hamilton, and the construction
of a new single-track line through Varick Avenue, from
Metropolitan Avenue to the Company's Newtown creek
dock, .264 mile, were completed during the year. A number
of new spurs and side-tracks were also laid, the total representing 8.982 miles of single track.
In various parts of the
city 30 new pieces of special work were installed.
At power
stations, shops and depots 6,300 feet of single track were
laid for the better handling of supplies and equipment.
FINANCIAL.
McKibbin
—
In compliance with the requirements of the city, 28,000
feet of single line have been moved from the side to the center
of streets, and the track at the same time reconstructed.
A large amount of track re-bonding was done, 50 pieces
of old special work were replaced with new and 43^ miles of
single track relaid with standard girder rail.
There were
welded by electricity 14,851 joints, and tracks thoroughly
Upwards of 93,000 square yards of first-class
repaired.
pavement was laid, covering about 50,000 feet of double
track.
The road-bed of the Sea Beach line, between 62d Street
and Coney Island, a distance of 3% miles, was raised, reballasted and new poles and overhead wire erected.
Within the last fiscal year the aggregate Bonded Debt
and Real Estate Mortgages show an increase of $4,836,500,
by the issuance of $4,849,000 B. R. T. First
Refunding Gold Mortgage 4% Bonds and the payment
of $12,500 Real Estate Mortgages.
As shown in the previous year's report, there were outstanding June 30 1904 B. R. T. Bonds to the amount of
$21,458,000, with $5,724,000 Bonds in treasury; while
June 30 1905 the total of these issues is $26,307,000, with
represented
$2,417,000 Bonds in the treasury.
The sales during the year consist of $8,156,000 B. R. T.
First
Refunding Gold Mortgage
4%
Bonds.
SPECIAL FRANCHISE TAX.
Since our last report, the validit5r of the Special Franchise
established, although there remains for final
adjudication the question of Offsets, which our Counsel
advise the Company is entitled to under the Special Franchise
Tax Law, but which the City has thus far refused to allow.
Pending determination of this question, payment has been
made of all past years' taxes, less such Offsets, except in
the Borough of Queens for the years 1901 to 1904, where the
assessments are grossly excessive and being contested on
that ground. The amounts paid have been charged against
the Tax Reservation Fund set aside for this purpose.
By Order of the Board,
Tax has been
INTERLOCKING.
EDWIN W. WINTER,
re-building of old signal and interlocking plants
new plants installed at
President.
was
16 levers.
4
"
24
Brooklyn Rapid Transit Co.,
85 Clinton St., Brooklyn N. Y.
(The income account and balance
28
page 808.)
continued and
Gates Avenue and Broadway
Van Sicklen Avenue and Fulton Street
Bridge Terminal and Fulton Street
City Line Terminal, Fulton Street line
"
The surface car yard, covering the block between 9th and
10th avenues and 19th and 20th streets, is partly completed.
It is intended to cover this yard as early as practicable and
provide facilities for light repairs.
paratively light cost.
ABOLITION OF GRADE CROSSINGS.
The
52 cars.
89
222
,
On the site of the yard at 36th Street, heretofore used for
storage of track materials, and on adjoining land of the Company, construction of a yard of large capacity for elevated
cars was commenced, and eight concrete inspection pits put
in in advance of the repair shop, for which plans are now in
preparation.
A new elevated yard, with capacity for 327 cars, has been
well advanced, together with elevated car repair shop under
construction at East New York. This plant, consisting of
tracks divided into sections by fire walls, shops, inspection
sheds, with a capacity for 48 cars, storehouse and appurtenances, will be ready for service by the close of the present
year, or shortly thereafter.
TERMINAL
Hills
installed.
The work of reinforcement of various sections of the elevated structure is progressing satisfactorily. Myrtle Avenue
structure, between Hudson Avenue and Adams Street, is
completed, and the Adams Street structure, between Myrtle
Avenue and Brooklyn Bridge, is more than half finished.
The tracks of the 5th Avenue elevated, between Dean and
Vol. lxxii.
Terminal an electrical interlocking plant
Similar plants are now under way at 36th
Street elevated junction, and at the new elevated yards at
was
East
ETC.
|
sheet will be
found on
—
Sept. 16 19U5.
)
)
.
TllK CHRONICLE.
|
919
CENTRAL OF GEORGIA RAILWAY COMPANY.
TENTH ANNUAL REPORT— YEAR EN Dili) JUNE
To
1905.
FINANCIAL CONDITION.
Savannah, Ga., August 7 1905
;
30
ASSETS.
the Stockholders:
Directors submit the following report upon the opera*
tions of the Company for the year ending June 30 1905, and
its financial condition at that date:
The
INCOME ACCOUNT.
1905.
$10,135,055
Gross Earnings.
Operating Expenses and Taxes.. 7,417,966
—
1904.
$9,396,931
7,187,385
1905.
$53,691,656
529,295
1,788,998
450,229
1180,501
2,360,583
+ $66,542
+ 141,032
+ 492.635
+ 124,970
+ 35.694
+ 59,330
$59,001,262
$920,202
$5,000,000
4S, 863, 000
1,788.998
+ 867,000
+ 492,636
-
207,272
—219,472
Improvement Fund from Chattanooga Division
Bonds
Balance from Oconee Division Bonds
[140,679
125,315
and investments Capitalized
1'roperty
I
in estments not pledged
Equipment under Trusts..
Materials and Supplies
)
Totals
'
4-8738,123
+ 230,.->M>
LIABILITIES.
Stock
Capital
2,717.089
248,304
2,209,546
220,660
+ 507,'. 12
+ 27,703
$2,965,453
Total Income
Deductions
Interest on equipment trust. obli$65,414
gations
1,672,044
Interest on funded debt
366,304
Rentals
7.174
Miscellaneous
$2,430,200
+$535,246
358.86S
17,712
+$16,553
+5,745
+7,435
+10,538
$2,110,936
$2,091,740
+ $19,196
$S54,517
$338,466
+$516,050
Net Earnings
Other Income
Funded Debt
Equipment Trust Obligation's
Improvement Fund from Sale
erty
—
Totals
Net Income
•
$4S,861
1,666,299
of Atlanta
Prop
-
$342,078
854,517
of Receivers
60
1 $1,196,655
Total credits
Of which there have been expended
For Dividend No. 9. October 1 1904, on First Pref$200,000
ence Income Bonds
For Dividend No. 1, October 1 1904, on Second
140,000
Bonds
Preference Income
—
340,000
Leaving a credit balance June 30 1905 of
Of this amonut there is applicable to the payment October 1
1905 of 5 per cent interest on $15,000,000 of First, Second
and Third Preference Income Bonds
$856,655
Leaving surplus net income
$106,655
750,000
— 13.185
Construction Fund Received from Chattahoochee & Gulf Railroad Co
Fire Insurance Reserve
O t her Reserves
Deferred Liabilities
Current Liabilities
Net Income Applicable to Payment of Interest
14,047
138,489
293,007
589,334
984,466
+ 51,427
1 + 12,169
on Income Bonds
Net Income, Surplus
750,000
106,655
+ 407,922
+ 106,655
$59,001,262
'+$920,202
Totals
The credit balance at June 30 1904 was
The Net Income for this fiscal year was
Credit from liquidation of assets and liabilities
and Purchasers
Inc. ( + )
or Dec.(—
June 30
Deferred Assets
Current Assets
Inc. ( +
or Dec.(
Comp. wttk
June 30 1904.
—1,366
+ 20,021
—3.602
The Company has no floating debt.
The increase in Property and Investments Capitalized and
in Funded Debt represents $67,000 Chattanooga Division 4
per cent Gold Bonds.withdrawn from trustee and sold to provide funds for betterments and improvements on the mortgaged property, less $458 decrease in book value of the
security pledged under the Consolidated Mortgage.
The increase in Investments not pledged is explained by
classes in the General Balance Sheet.
The increase in Equipment under Trusts is due to the purchase during the year of twenty locomotives, ten passenger
train cars and one thousand box cars.
The Equipment
Trust Obligations on" June 30 are described as follows:
PRINCIPAL OF EQUIPMENT TRUST NOTES.
Date
Equipment
of Trust.
Original Issue.
Paid Prior
July
Mav
24 1900
R.
(C.
100 Coal Cars
.
&S. RR.
1
to
1904.
Paid During 12
Months Ended
June 30 1905.
Date 0}
Final
Outstanding.
Payment.
$37,648 80
$21,961 80
$5,378 40
$10,308 60
25 Box Cars'
25 Coal Cars
\
J
15,401 40
7,150 65
2,200 20
6,050 55
Nov. 14 1901
(Trust "A")
250 Coal Cars
.
158,120 00
81,694 85
31,624 20
44,800 95
Sept. 2 1902
(Trust "B")
500
288,000 00
54,000 00
36,000 00
198,01)0 00
130,000 00
39.000.00
26,000 00
65,000 00
938,000 00
67,000 00
134,000 00
737,000 00
8,100 00
66,700 00
Jan. 21 1901
& D. RR.
(C.
Oct.
1
1
Co.)
1902
{
f
(Trust "C")
\
Box Cars
6 Passenger Locomotives.
1
5 Freight Locomotives
J
5 Passenger
(Trust
Jan
"D")
11 1905
(Trust
f
"E")
\
Jan
«.«.
15 1905
-(Trust "G")
64,800 00
8 1st class Pass. Coaches. 1
2 Combination Coaches ../
5 Passenger Locomotives.'
15 Freight Locomotives
,500 Ventilated Box Cars
Jan. 3 1905
(Trust "F")
1907.
1
March
1
1908.
Nov. 14 1906
Sept.
Oct.
1910.
1
1907.
1
Locomotives.
Freight Locomotives
Sleeping Cars
1st class Pass. Coaches.
2nd class Pass. Coaches.
200 Box Cars
,800 Coal Cars
15
3
3
3
Nov. 2 1903
May
Co.)
462,000 00
Nov.
1910.
1
Jan. 11 1907.
462,000 00
Jan.
19,012 50
209,137 50
Jan. 15 1910
$262,315 30
$1,788,997 60
1912.
1
.
500 Ventilated Box Cars
228,150 00
•
Totals
$2,322,120 20
The details of the increase in Materials and|Supplies are
shown in Table No. 16 of the Auditor's report.
The decrease in Improvement Fund from Sale of Atlanta
Property is the result of expenditures upon re-arrangement
of the Atlanta Terminals, including new freight, yards at
Industry, near Atlanta, Ga.
The following analyses of Sundry Funds and Reserves,
showing the balances brought forward from the previous
year, and the charges and credits during the year, will explain
the increases and decreases therein:
IMPROVEMENT FUND FROM CHATTANOOGA DIVISION BONDS.
Dr.
Balance, Julv 1 1904
Proceeds of Sale of $67,000 Chattanooga Division
4 per cent Gold Bond's
Interest on monthly balances
endfturee upon construction of track to Cloud
Springs Army Post
Strengthening "and renewal of iron bridges on the
Cr.
$270,807 30
BALANCE FROM OCONEE DIVISION BONDS.
Dr.
Balance, July 1 1904
No change during the year..
Balance, June 30 1905
Cr.
$125,314
.
$125,314
$125,314
$125,314
RESERVE— CHATTANOOGA DIVISION— SPECIAL.
Cr.
Dr.
Balance, July
1904
1
$47,450
on monthly balances
Liquidation of prior accounts
Balance, June 30 1905
Interest
1,442
$30
48,863
$153,865
$48,893
$48,893
4,974
RESERVED FOR COMPLETION CHATTAHOOCHEE
Dr.
Chattanooga District
75,546
Filling trestle No. 6 on the Chiekamauga & Durham
Branch..
2,234
Balance, June 30 1905
140,679
$218,469
ft
GULF
RAILROAD.
$10
Balance, July
1904..
Expenditures during the year towards completion of
the Florala Extension
Balance, June 301905
$218,469
Cr.
$15,413
l
81,866
14,047
$15,413
815.413
THE CHRONTCLE
920
RESERVE— MAINTENANCE OF WAY AND STRUCTURES.
Dr.
Balance, July
1
Cr.
"A," dated July
Series"B," dated July
Series
8218,959
1904
of steel
rail contracted for during the year, for renewal of
passing tracks, etc
Charged to Reserve for value of rail put into track, in
excess of that r< leased thereby, for value of ties used
$726,778
and for other appropriations
Balance, June 30 1905 unexpended on appropriations 230,267
738,080
$957,015
$957,045
RESERVE— MAINTENANCE OF EQUIPMENT.
Dr.
Balance, July 1 1904
Charged to Operating Expenses and Fire Insurance
Reserve during the year to create a Reserve for
equipment destroyed, for new equipment acquired
and for principal of equipment trust notes
Proceeds of equipment sold
Cash payments on equipment purchased under trusts $204,354
Payments on equipment constructed and purchased. 351,238
300,715
Principal of equipment trust notes..
1st
1st
1903
1904
$231,000
624,000
Total
Charged to operating Expenses on account
ties and for expenditures under appropriations on
account of property acquired, and side, .spur and
[Vol. lxxii
$855,000
The operations of the Steamship Company during the past
year have been satisfactory, but owing to the large expense
heretofore incurred by it in the purchases of new ships, and
other items, no dividends have been paid upon its capital
stock.
GENERAL REMARKS.
There has been no change in mileage during the year.
The difference in the average miles operated is explained by
the increases in the preceding fiscal year shown in the last
annual report.
Cr.
This Company has made arrangements to acquire from
$30,200
the Tunnel Coal Company valuable coal properties in the
Upper Cahaba Coal Fields of St. Clair County, Alabama, and
for
the construction of a branch about ten and one-half
760,084
79,900 (10.5) miles in length, from the Henry Ellen Spur of this
Company near Leeds, Alabama. Arrangements are also
being perfected for the operation of this coal property by
This Company will issue Six Hunresponsible operators.
%
Balance June 30 1905 unexpended on appropriations. $13,877
dred Thousand Dollars ($600,000 00) of its Divisional 4
Bonds for these purposes. It is expected that it will thereby
get the benefit of increased coal tonnage, and other manifest
advantages. The financial results of this transaction will
appear in the next annual report.
FIRE INSURANCE RESERVE.
During the year there were established on, or adjacent to,
On a large amount of widely scattered property the Com- the lines of this Company 182 new industries, representing
pany carries its own fire risks, charging Operating Expenses thirty-three different classes, with a capital of $5,527,000,
and crediting Fire Insurance Reserve with amounts approx- and employing 7,495 hands.
imating what it would otherwise have to pay in sinsurance
2,249,059 fruit trees were planted on our line during the
premiums.
year, and there was an increase of 188,697 fruit trees coming
There has been a considerable
into bearing during the year.
Dr.
Cr.
$118,468 increase in acreage of watermelons, cantaloupes and strawBalance, July 1 1904
65,000
Twevlve months' approximated premiums.
our line during the year.
474 berries planted along
Collections from individuals and companies
Attention is called to the report of the General Manager
$8,180
Equipment burned
9,423
Sundry fire losses on freight and property
covering the operation and physical condition of the property,
27,851
Premiums paid, actual insurance
and to the report of the Auditor with respect to financial con138,484
Balance June 30 1905
dition and results of operations in detail, and for statistics
$183,944
$183,944 of operation and traffic.
The accounts of the Company have been examined by
Messrs. Haskins & Sells, Certified Public Accountants, and
copy of their certificate appears in the pamphlet report.
OCEAN STEAMSHIP COMPANY OF SAVANNAH.
$870,184
$870,184
—
the last annual report, the Steamship
Company has acquired during the fiscal year just ended the
Steamship "City of Atlanta."
There were outstanding on June 30 1905, of the Steamship
Gold Bonds of the Railway Company, endorsed by the
Steamship Company, and referred to in the last annual
report, the following unpaid bonds:
As indicated
in
Acknowledgment is made
and efficient service.
to
officers
and employees
for
faithful
Respectfully submitted,
By Order
of the
Board
of Directors,
J.F.HANSON,
Prseident.
AMERICAN SMELTING & REFINING COMPANY.
SIXTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED APRIL
30 1905.
The policy of deducting from the
ters only of the year.
the Stockholders American Smelting & Refining Company:
The general balance sheet and statement of Income Ac- surplus of the company for the past few years all new concount for the sixth fiscal year of the company, ended April 30 struction and extraordinary improvement expenditures,
reduction to a most conservative
1905, are herewith submitted for your consideration. The together with a systematic
To
,
several items are compared, therein, with the statement
made for the fiscal year ending April 30 1904.
INCOME ACCOUNT.
The business of the company has been prosperous during
the past year in every department. The expectations of the
Directors, based upon the developments of the business during the past few years, have been amply realized, so far as the
There
Directors have been able to perfect them to this date.
are many developments, however, still in progress, and the
Directors look forward to an equally successful outcome in
the future in connection with these plans.
The net earnings of the company show an increase over
the preceding year of $993,238 52. This has been due to a
wider range of business and to economies practiced in all
branches of the company's activities. In addition to the expenditure of the sum of $878,648 20 on account of ordinary
repairs and betterments, the Directors have appropriated
from the earnings of the year the sum of $425,288 55, covering the entire expenditures during the year for new conAn additional
struction and extraordinary improvements.
credit has been made to metal accounts amounting to $637,795 25, making a total charge against Income Account,
including that for new construction and extraordinary improvements, of $1,063,083 80.
Preferred Stock Dividends Nos. 20 to 23, inclusive, aggregating $3,500,000, were declared and paid quarterly during
the year. Common Stock Dividends Nos. 3 to 6, inclusive,
have been paid at the rate of one and one-quarter (134%)
per cent quarterly, aggregating $2,500,000, leaving the surThis is less than the
plus for the year $1,618,91180.
$347,825
preceding year to the amount of
40, as
be noticed from the statement of Income Account,
will
which is due to the fact that dividends on the Common
Stock were paid for the preceding year on the last two quar-j
valuation of metals in process of treatment, has been favored
Directors, as the steady accumulation of Surplus
Account has given warrant to this procedure. The undivided surplus April 30 1905 was $8,458,720 03, which is
represented by cash in bank and trust companies and
by quick assets.
by the
DIVIDENDS.
The Directors have adopted during the past year the plan
of paying dividends on Preferred Stock on the first day of the
quarter months, January, April, Juty and October, and the
payment of dividends on Common Stock of the company on
the fifteenth day of the same months, or upon the first busi
ness day after these dates, provided they fall upon a Sunday
or legal holiday.
PROPERTY.
of the Directors, as outlined above, and the
decreased cost of operations shown in increased net profits,
are the best possible indication as to the physical condition of
the property of the company.
The policy
INVESTMENTS.
increase in the Investment Account of $2,302,270 16
due to the purchase of 25,000 shares of Series B Preferred
Stock of the American Smelters Securities Co. The Directors were able to purchase from surplus cash and still leave
cash in the treasury to the amount of $4,636,649 18, or an
The
increase over the preceding year of $589,225 80.
The
is
Directors deemed it more advisable to invest part of the
large cash surplus in a Five Per Cent security, guaranteed by
its own earnings, rather than have the money remain on
deposit in a Trust Company at a low rate of interest. The
company has also acquired 177,510 shares of the Common
Stock of the American Smelters Securities Company of the
par value of $17,751,000, the value of which is not shown in
the Investment Account.
—
—
))
THE CHRONICLE.
Sept. 16 1905.
|
1.1
v
i
u
ii
J)'2l
The increase In the net profits of the company has resulted
in increasing, over the previous year, the sum to be distributed in accordance with the terms of Profit-Sharing Circular Letter of the Executive Committee, and there has been
riBS.
in the last Animal Report, reference waa made to the fact
that since the close of the year. April 30 1904, the balance
outstanding of Pueblo Smelting A- Refining Vo. Six Per Cent
Bonds, amounting to S191, 000, due 1913, hail been purchased
an 1 canceled. In addition to the ab.n-e purchase the Directors have been able to obtain during the year 8108,000 of
the Six Per Cent Bonds issued by the Omaha & ('.rant SmeltThe balance of this issue,
ing Company, maturing in 1912.
remaining bonds outonly
the
being
amounting to 1561,000,
standing against the property of the company, will be purchased as the opportunity arises. The net current liabilities
of the company, as shown on the balance sheet, represent
ores in transit 'Accounts Payable not yet due, less Accounts
Receivable in process of collection.
—
j
j
paid to the employees of the company on this account the
In making this distribution to the
of $216,815 76.
employees of the company, the Board has been pleased to
state its belief that the encouragement given to the employees
through the previous distribntion of earnings has had no
small influence in bringing about the very satisfactory condition of prosperity enjoyed by the company during the past
sum
year.
DANIEL GUGGENHEIM,
,
Chairman.
Dated New York, September
1905.
1
PLANT OPERATIONS.
The
making long-
policy of the Board of Directors as to
important mines tributary to the plants of the company has been pursued during
the year, and large tonnages have been placed under contract
The
for periods extending from ten to twenty-five years.
Board of Directors have authorized the construction of a new
copper and lead smelting plant at Chihuahua, Mexico. It
has been found necessary also to increase the copper refining
plant at Perth Amboy, and contracts have already been let
and the works are in process of construction, giving to this
plant an additional refining capacity of 00,000,000 pounds of
This will enable the company to refine the
copper yearly.
increased amount of copper that will be produced by the
Smelting Company, and to furnish a sufficient capacity to
treat the copper that will be produced by the mines and
time contracts for the product of
COMPARATIVE STATEMENT OF ASSETS AND
LIABILITIES.
all
The
smelters of the American Smelters Securities Co.
Directors have also acquired the exclusive right to the use of
the Huntington-Heberlein roasting patents in this country
and at the works of the company in Mexico. As soon as
these improvements have been instituted and the varions
works, the construction of which have been authorized, are in
operation, the earnings of the company will be materially
ASSETS.
1905.
Property
Investments
3,982,576 08
16,418,542 68
<1
Metal Stocks
Material
4,636,649 18
$113,002,340 18 $110,830,387 80 +$2,171,952138
Total
LIABILITIES.
$100,000,000
561,000
Bonds...
Liabilities
1,855,640
Net Current
2,126,979
Margins
8,458,720
Profit and Loss
Capital Stock...
to
of the
—
Union Ferry Co. Resumption of Dividends. The company, having reached a temporary agreement with the city
(per terms stated in V. 80, p. 2224), resumed on Wednesday
payment
by declaring
l
a distribution of l /z
The
p. c. to cover the three quarters of 1905 to date.
dividend rate from 1894 to 1897 was 4 p. c. annually; in
1898 3}4 p. c; in 1899 3 p. c. and from 1900 to January
1905, inclusive, 2 p. c, which is the same rate as the dividend now declared. It was recently asserted that "the company has $600,000 in gilt-edge bonds in its treasury besides
Other liquid assets; but as to this, we have no official information."— V. 80, p. 2224.
the
of dividends
Victor Fuel Co.
—J
C. Osgood Reported
.
to be Interested.
—
The ''Denver Republican" recently published the following
dispatch from Trinidad, Colo.:
\V. J. Murray has been appointed General Manager of the Victor Fui
Co., to take the place of I). M. Simpson, who becomes confidential w
to J. C. Osgood.
Murray has held an important position in
territory under the Colorado Fuel & Iron Co., being at one time <li .Hon
It is said that his appointment means a greal
rintendent.
meat of the resources of the Victor Fuel Co. It is also an Indication that
M
the control of this corporation is now in the hands of J. C.
;,
1
for many years has been one of trie- most reliabli
nU of Osgood, and assisted him in the development of the
& Iron Co.
Information i< tdven out that a new washer
many hundreds of tons capacity daily ri to be erected at Gray Creek,
Murray
I
1.
I
of
near mine No.
It
4,
and that several ne
v
openings
.'ill
lie
made.
was recently rumored that the company was planning to
blish a large steel plant at Trinidad, 'Colo.
V. 80, p. 1977.
Welsbach Company. -Report. -The
ending
May
—
profits.
1904-05 ...
..
1903-04 ...
—
V. 79, p.
..
results
for
Compare
$oll,40O
624,102
1026.
—304,990 28
+1,618,911180
a Does not include 177,510 shares of the Common Stock, American
Smelters Securities Company, par value $17,751,000.
COMPARATIVE STATEMENT OF INCOME ACCOUNT.
Earnings
Deduct
Ordinary Repairs and
Betterments
Taxes and General Expense
April 30
Inc. ( + )
1904.
Dec. (—
$9,425,442 60 +$1,081,240.57
April 30
1905.
$10,506,683 17
878,648 20
818,14105
+60,507:15
729,223 61
701,728 71
+ 27,494~90
Bond
'
Charged
ing
fund.
1326,300 $105.3';
320,300
106
interest.
oJi.
1
.«
17,2*2
12.701
Total Deduction...
Net Earnings
Less —
$1,607,87181
$8,898,81136
$1,519,869 76
$7,905,572 84
+$88,002 05
+$993,238,52
Employees' Profit-Shar-
ingFund
216,815 76
91,253 89
+125,561187
$8,681,995 60
$7,814,318 95
+$867,676:65
1,063,083 80
1,097,58175
—34,497:95
Balance Net Income
Deduct
Dividend Pfd. Stock..
Dividend Com. Stock.
$7,618,91180
$6,716,737 20
+$902,174.60
$3,500,000 00
2,500,000 00
$3,500,000 00
1,250,000 00
+ 1,250, 000:00
Total Dividends...
Surplus for Year
$6,000,000 00
$1,618,91180
$4,750,000 00
$1,966,737 20
6,839,808 23
4,S73,071 03
Total
Appropriation for New
ImConstruction,
provements and Metal Stock Account...
—
Add—
+$1 ,250,000"00
—$347,825.40
Surplus from Previous
Year
TotalSurplus
+
1
,966,737'20
$6,839,808 23 +$1,618,91180
$8,458,720 03
—
Western Union Telegraph Co. Quarterly. Earnings
(partly estimated) for the quarter ending Sept. 30 were:
Interest
Dividends
Balance,
3 mos. ending
Net
charge.
paid.
surplus.
Jv.ne 30
revenue.
1905 (estimated)
8331,300 $1,217,021
$351,679
..$1,900,000
—
1904 (actual)
297,550
2,068,005
1,217,020
553,435
Total surplus (estimated) Sept. 30 1905 was $16,325,888.
The regular 1^ p. c. dividend is payable Oct. 16.
The estimated results for the fiscal year ending June 30 were
given in the "Chronicle" of June 17. The actual net revenue
for the year was $7,188,065, comparing with $7,887,474, as
estimated, and the balance over dividends $1,092,781,
against $1,861,704.— V. 80, p. 2464.
Western United Gas & Electric Co. of Aurora, Etc., 111.
Hands Sold. N. W. Halsey & Co. and Howard, Simmons
& Co. have purchased $1,400,000 first and refunding mortgage 5 p. c. gold bonds See description in V. 81, p. 159.
—
—
Chandler Brothers & Co. of Philadelphia announce the
opening of branch offices at 111 Broadway, New York, and tit
35 Congress Street, Boston.
The New Vork office is under
the management of E. S. Little, while J. H. Scars has chai
of the Boston branch.
The company holds membership in
the New York, Philadelphia and Chicago Stock Exchanj
the New York Cotton Exhangc and the Chicago Board "f
Trade.
—Messrs. Shoemaker & Bates, bankers, 21 Broad Store*
this city, have issued for distribution a circular on "Indud*
trial Bonds."
They express the opinion that the bonds of
I
the year
31 were:
Gross
Fiscal
year.
—359,000 00
+1,217,03C 86
company
additional capital of $77,000,000.
This result has been effected without increasing the capitaliThe Board
zation of the American Smelting & Refining Co.
of Directors have acquired and hold in the treasury a majority of the Common Stock of the American Smelters Securities
Co. of a par value of $17,750,000, in consideration for which,
and on account of the advantages of controlling and operating the various mining and smelting establishments of the
American Smelters Securities Co., the Directors of your company have guaranteed quarterly dividends of one and onequarter per cent (1K%) on the Series B Preferred Stock of
the American Smelters Securities Company, amounting to
81,500,000 annually.
After a careful survey of the earning capacity of the properties controlled by the American Smelters Securities Co., including the smelting plants now in process of construction,
your Board has been led to believe that the earnings of the
Securities Co. will exceed $5,000,000 upon the completion of
the construction and development work now projected.
control of this
00 3100,000,000 00
00
920,000 00
98
638,610 12
17
2,431,969 45
03
6,839,808 23
$113,002,340 18 $110,830,387 80 +$2,171,952.38
Total.
—
American Smelters Securities Co.,
which reference has already been made, places under the
The incorporation
—
1,118,90173
Cash
enhanced.
ORGANIZATION.
Inc. ( + )
April 30
Dec. (—
1904.
51
$86,845,670
1,680,305 92 +$2,302, 270M6
—613,757*51
17,032,300 19
105,786'07
1,224,68780
+589,225 80
4,047,423 38
April 30
$Sf>,845,f>70 51
Div'd
[2 p. c.)
Balance,
tut
170,000 122
!>,*00
70.000
,
conservatively managed industrial enterprises hold a stronger
A lisl of a few of
position in the market than ever before.
the leading industrials listed en the New York stock Exto \ per cent
appended.
change which net fn.m aboul
i
i
THE CHRONICLE.
922
free offerings,
fairly
most
for refined for the
closing at 8.20c.
Continent.
Speculation in lard for future delivery has been
moderately active. There has been steady pressure from
speculative holders to liquidate their accounts and prices have
The close was firmer.
DAILY CLOSING PRICES OF LARD "FUTURES IN CHICAGO.
declined.
Mon.
Sat.
Septe'ber delivery 7.65
October delivery. 7.70
January
delivery.
7.62J^
6.82}^
Tues.
7.57H
Wed.
7.40
Thurs.
7.47}^
7.55
Receipts at-
Galveston
Pt. Arthur, &c.
New Orleans..
Mobile
11,968
Wed.
Tues.
Thurs.
9,824| 23,920
7,809
12.176
"742
¥.368
348
Fri.
Total.
10,992
546
1.394
76,689
540
10,902
5,778
154
76,697
4,867
¥.095
912
50
¥,586
2,305
V.717
996
12,475
l¥,311
17",86I
679
54
8,418
Y.688
Y,739
Y.735
~1~,720
¥.618
Wilmington ..
Washingt'n,&c
V.713
¥,094
l",533
¥,838
Y, 29
Y.770
lY.239
Norfolk
Y.236
Y.822
2",
609
V.696
¥.042
¥,308
167
"l45
"406
"265
"429
"161
lY,713
167
117
1,653
248
14
J
l
en:>acola,
&c.
Savannah
12,182
Brunswick, &c
Charleston
Port Royal,
538
50
10,510
4,867
3,054
Newp't N., &c.
New York
Boston
Baltimore
Philadel'a,
1 1
,954
&c
"ii7
307
248
~"l4
&c.
Tot.thiswk.
32,282
24,221
50,735
37,101
The following shows the week's
and the stocks
since Sept. 1 1905,
last year.
36,545 215.738
34,854
total receipts, the total
to-night, compared with
1905.
.
Receipts to
Sept. 15.
7.65
6.82J^
Galveston ..
Pt. Arthur, &c
New Orleans
Mobile .
Savannah
Charleston .
Port Royal,
.
&c
.
81,920
65,785
325
24,739
8.044
54" 706
2¥,285
7,513
112,119
7,742
19,361
93,770
11,954
59,218
3,462
14,126
5,981
19,933
45,016
2,642
8,426
14~,239
21" 402
Y.745
"¥,481
l¥.127
¥.516
lY,713
167
117
1,653
"lY,580
¥,584
167
"¥.712
219
2"l",Il4
¥,628
224
351
9
13¥,953
3,723
1.488
4.314
2Y.845
45
208
10,902
5,778
154
10,483
61
.
Wilmington ..
Washington, &c
for lard stearine
for best Western.
Brazil grades of coffee have met with only a limited trade
demand, and as Brazil has been a moderate seller at lower
prices the local market has yielded slightly.
The close was
quiet at 85^c. for Rio No. 7 and 9c. for Santos No. 4.
West
India growths have been quiet and slightly easier. There
has been only a moderate speculation in the market for contracts, but under sales against purchases of coffee from
Brazil and profit-taking sales by recent buyers prices have
yielded slightly.
The close was quiet. Following are the
closing asked prices:
1904.
153,913
76,697
4,867
Brunswick, &c
1905.
76,220
201
17,049
5,309
546
&c
Pensacola,
Stock.
Since Sep
1 1904.
This
week
144,488
1,037
18,609
9,812
204
141,443
5,321
22,114
76,689
..
1904.
Since Sep
1 1905.
This
week
and Norfolk ..
8%c. for oleo stearine. Cotton-seed oil has declined under Newp't News, &c.
New York .
bulls liquidating, closing at 26@26>£c. for prime yellow. Boston
Butter has been in fair demand and firmer for desirable Baltimore .
grades, closing at 17@21^c. for creamery. Cheese has been Philadelphia, &c ..
quiet and easy, closing at ll^@12c. for State factory, full
Totals
cream. Fresh eggs have held about steady, closing at 22c.
ines
Mon.
Sat.
Fri.
_
6.85
6.87H
6.72H 6.77H
Business in pork has been quiet and prices have declined,
closing at $15 25@16 25 for mess, $14@16 25 for short clear
and $17 50 for family. Cut-meats have been quiet and
prices have been easier, closing at 6J^c. for pickled shoulders,
10i^@10^c. for pickled hams and 8%@10c. for pickled
bellies, 16@10 lbs. average.
Beef has held steady at unchanged prices, with mess at $8 75@9 00, $10 50@11 50 for
packet, $12@12 50 for family and $18@19 for extra India
mess in tcs. Tallow has been quiet at 4%@4J^c. Stear-
have declined, closing at 8^c.
Friday Night, September 15 1905.
as indicated by our
telegrams from the South to-night is given below.
For the
week ending this evening the total receipts have reached
215,738 bales, against 154,103 bales last week and 87,893
bales the previous week, making the total receipts since the
1st of September 1905
387,189 bales, against 343,300
bales for the same period of 1904, showing an increase
since Sept. 1 1905 of 43,889 bales.
THE MOVEMENT OF THE CROP
Friday Night, Sept. 15 J905.
lines of merchandise has
continued promising. The general report has been of a
good run of orders. Manufacturers and dealers generally
have appeared to be booking new orders with a considerable
show of freedom, and the movement of supplies into the
hands of jobbers and consumers, in the way of deliveries on
old purchases, has been on a liberal scale.
The report of the
Government's Agricultural Bureau, issued during the week,
shows large yields of all the grain crops, and with the yield of
the Russian grain crops showing a considerable shrinkage
this season, the prospects are favorable for a good export
market, at fair prices, for our surplus supplies.
Lard on the spot has been quiet, the weakness of the
speculative market and the pressure to sell holding buyers
in check; prices have declined.
The close was steadier at
7.85c. for prime Western and 7.25@7.50c. for prime City.
Refined lard has sold slowly and prices have declined under
of business in
lxxii.
COTTON.
3£bx (frommtxtml %imz%.
COMMERCIAL^EPITOME.
The condition
[Vol.
265
163
3,007
434
310
248
14
9
387,189 187.343
215,738
762
1,337
2 422
343,300 449,512 198,177
may be made with other years,
give below the totals at leading ports for six seasons.
In order that a comparison
we
,
Sept
Oct
6.95c. IDec
6.95c. Jan
7.05c. |Feb
Nov
7.10c. March..
7.15c. JMay
7.20c. |July
|
__•
.
7 25c.
7.35c.
7.50c.
1905.
Receipts at
Galv'n, &c_
N. Orleans.
Mobile
1903.
76,421
17,049
5,309
59,218
14,126
4,745
6,584
167
.
77,235
10,902
5,778
76,697
11,954
14,239
11,713
167
7,053
wk
215,738
Savannah .
Ch'ston, &c
Wilm't, &c
Norfolk
N'p'tN.,&c
All others.
Tot. this
1904.
1902.
1901.
1900.
3,724
37,965
7,959
20,075
5,372
48
691
80,346
35,742
3,462
46.683
12,501
19,953
6,718
297
5.462
44,008
28,834
2,511
21,643
3,919
4,780
2,592
113
3,605
491
47,986
2,876
50,711
12,003
21,181
14,838
86
3,251
187,343
110,222
211,164
111,825
153,423
26,300
7,541
4,271
Raw sugars have been neglected by buyers and prices Since Sep. 1 387,189 343,300 151,785 455.806 221,788 290,657
quoted have been nominal, closing lower at 3%c. for centrifugal, 96-deg. test, and 3J^c. for muscovado, 89-deg. test.
The exports for the week ending this evening reach a total
Refined sugar has been quiet and prices have declined, of 122,444 bales, of which 59,710 were to Great Britain, 8,127
closing at 4.95@5.10c. for granulated.
Teas have been to France and 54,607 to the rest of the Continent. Below
fairly active at steady to firm prices.
Rice has been in more are the exports for the week and since Sept. 1 1905:
active
A
demand and
firmer.
has been transacted in Kentucky tobacco.
Exporters have shown considerable interest as buyers and
prices have been firm.
An active business has been transacted in seed-leaf tobacco-* free trading being reported in
1904 Pennsylvania and Connecticut broad leaf and New
York State tobacco, and at firm prices. Sumatra tobacco
has had a fairly free sale at firm prices. Havana tobacco has
Week ending
fair business
Sept. 15 1905.
From
Sept.
Exported to
Exports
from
Great
Britain. Fr'nce
Galveston
Pt. Arthur, &c.
New Orleans.
Mobile
Pensacola
Continent.
41.408 7,127
"ioo
Y666
1905 to Sept. 15 1905.
Great
Total
48.535
250
1
Exported to
"350J
1,000,
Britain. (France.
Continent.
Total.
63,099
19,284
25.807
108,190
"Y.oii
Y.6i5
""370
"5"996
"
"6",142
"5".
142
Y.666
41,040 41,040
49,847
49.847
Savannah
been quiet but steady.
Brunswick . .
Business in the market for Straits tin has been quiet, but Charleston
10,482
10,482
10,482
lb] 482
the tone has been steadier and prices have advanced slightly, Wilmington
Norfolk
""341
""341
"241
"24i
..
News
closing at 3 1. 75
32. 10c.
The demand for ingot copper has N'port
3,642 1,000
8,224 12,866
4,582
1.523
19,623
13,518
York
been light and nominal quotations are 16@lr3^c. for Lake New
4.919
3,601
3.601
4,919
Boston
3".§93
236
236
4,229
4.229
"Y.993
Baltimore
and electrolytic. Lead has been quiet but steady at 4.85@
Philadelphia .
Spelter has advanced slightly to 5. 80 @5. 90c.
4.90c.
Me.
Portland,
Pig
100
"""ioo
San Francisco
iron has had a fair sale at firm prices, closing at $15 75
Seattle
"""ioo
"ioo
100
'ioo
16 25 for No. 2 Northern and $15 50@15 75 for No. 2 Tacoma
Portland, Ore-.
Southern.
92.812 22.422
59.710 8.127 54,607 122,444
94.735 209,969
Total
Refined petroleum has been firm and higher, closing at
7.25c. in bbls., 9.95c. in cases and 4.35c in bulk.
751 39,258 122,166 132,206
67,641 212.564
82,157
9.717
Naphtha Total 1904
has been steady at lie. for 71 degrees and lie. for 76 degrees.
Credit balances have been firmer, closing at 1.30c. Spirits
In addition to above exports, our telegrams to-night also
turpentine has been quiet and easier, closing at 653^c. give us the following amounts of cotton on shipboard, not
Rosins have held firm, closing at $3 75 for common and good cleared, at the ports named. We add similar figures for
strained.
Hops have sold at lower prices. Wool has con- New York, which are prepared for our special use by Messrs
tinued firm.
Lambert & Barrows, Produce Exchange Building.
.
.
@
.
.
|
On
Sept. 15
at—
New Orleans..
Galveston
2.63S
17,043
2,232
949
7,700l
21,868'
Savannah
1
7
,
-'
1
|
Charleston
Mobile
Norfolk
stock
6,074
52,669
18,682
,300i
18,664
75,1 10
1,500,
1,500
is.-m
2,189
230
I
Total.
117
138
3,769
1
311
13,175
New York
800
4,000
9.000
Other ports
3,100
4,000
2,800;
10,732
20,445
2,003
33,881
36.404
3,073
II
7,937
14,743
II
j
10,172
13,175
7.939
10,700 12S.253
14,000 14,633
I©
I®
II
II
II
||
© I®
Fair
c. 1.30
0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30
Middling FairGood Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
Strict Good Mid. Tinged
Strict
on Good Middling Tinged
on Strict Middling Tinged
on Middling Tinged
on Strict Low Mid. Tinged
off Low Middling Tinged
off Strict Good Ord. Tinged
0.12
0.34
0.50
0.84
0.50
1.06
1.50
off Middling
off Strict
on
Low
Stained
Low Mid. Stained
Middling Stained
On
Sat.
Mon.
Tues.
Wed. Thurs.
9.85
10.47
10 .$5
11.29
11.81
9.75
10.37
10.75
11.19
11.71
9.65
10.27
10.65
11.09
11.61
9.80
10.42
10.80
11.24
11.76
Sat.
Mon.
Tues.
Wed. Thurs.
Middling
Middling
Good Middling
Middling Fair
10.10
10.72
11.10
11.54
12.06
10.00
10.62
11.00
11.44
11.96
9.90
10.52
10.90
10.34
11.86
10.05
10.67
11.05
11.49
12.01
STAINED.
Sat.
Mon.
Tues.
Wed. Thurs.
9.35
10.35
10.51
10.85
9.25
10.25
10.41
10.75
9.15
10.15
10.31
10.65
9.30
10.30
10.46
10.80
Good Ordinary
Low
Middling
Middling
Good " Middling
Middling Fair
.
GULF.
Good Ordinary
Low
Low
Middling
Middling
Strict Low Middling Tinged
Good Middling Tinged
1
I
off
off
off
off
off
off
off
few of the grades for
this basis the official prices for a
the past week would be as follows:
UPLANDS.
Even
c. 0.06 off
Fri.
9.90
10.52
10.90
11.34
11.86
9.75
10.37
10.75
11.19
11.71
10.00
10.62
11.00
11.44
11.96
Fri.
|
i
9.25
10.25
10.41
10.75
middling upland at New York on
Sept. 15 for each of the past 32 years have been as follows:
The quotations
for
1905. c. 10.75
1897. c.
1904. ..10.90
1896...
1903... 11. 75
1895...
1902... S 74
1894...
1901... %%
1893...
1900... 10Ji
1892...
1899... fSV*
1891.
1898... 5 11-16 |1890.
IVs
8*4
S
afi
8*A
7 3-16
8 9-16
10"i
H
1889_c_ll%
1881.C.12X
1888. ..10 7-16
1887... 9Vb
1886... 9H
1885. ..10 1-16
1880... 11 13-16
1879.. .12 5-16
1884...10
5xg
1
1878...11H
1877. ..ll>i
1876. ..11H
1883...10H
1S75...14H
1882. ..12 11-16
1874.
MARKET AND
..16H
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Futures
Spot Market
Market
Closed.
Closed.
Sales of Spot and Contract.
Export
.
Saturday.. Quiet 5 pts. dec. Dull
Monday
Quiet 10 pts. dec. Barely st'dy.
Tuesday .. Quiet 10 pts. dec.
dy
Wednesday
Thursday
.
Friday
Total...
Qui<-t 15 pts. adv.
Quiet 10 pts. adv.
Quiet 15 pts. dec.
<ly
idy
Steady
1
York.
Consum'n.
"516
305
120
941
Contract
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THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks,
as follows.
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
evening.
But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
up by cable and telegraph,
September 15—
Stock at Liverpool
Stock at London
Stock at Manchester
is
1905.
1904.
1903.
685,000
25,000
46,000
126,000
23,000
11,000
174,000
26,000
19,000
305,000
17,000
756,000
20,000
154,000
3,000
160,000
44,000
35,000
4,000
49,000
3,000
8,000
28,000
16,000
219,000
25,000
27,000
4,000
40,000
3,000
11,000
12,000
12,000
322,000
21,000
38,000
5,000
53,000
3,000
53,000
13,000
7,000
266,000
187,000
134,000
193,000
Total European stocks
1 ,022,000
India cotton afloat for Europe .
90,000
Amer. cotton afloat for Europe. 234,000
Egypt, Brazil, &c, flt.forE'p'e
25,000
Stock in Alexandira, Egypt ...
35,000
Stock in Bombay, India
549,000
Stock in U. S. ports
449,512
Stock in U.S. interior towns
175,170
U. S. exports to-day
55,571
347,000
13,000
173,000
16,000
47,000
304,000
198,177
95,551
43,403
353,000
49,000
39,000
14,000
10,000
318,000
181,385
34,321
20.701
515,000
20,000
208,000
17,000
17,000
285,000
309,336
148,037
25,992
bales.
.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Antwerp .
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
. .
60,000
3,000
15,000
11 ,000
1902.
Fri.
10.15
10.77
11.15
11.59
12.11
9.40
10.40
10.56
10.90
I
® I© I®
I® T'
00 00 00 00 00
tnui
cn cn
b
>*~j
1-00
00 b>'o
to
00
00 OO OO 00 51
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00 o
3,3:'
Speculation in cotton for future delivery has been fairly
active.
Early in the week prices declined. A prominent
speculative interest was reported aggressive on the bear side
The movement
of the market and values were forced down.
of the crop was on a liberal scale, and advices from the South
The demand from
reported fairly free offerings of cotton.
spinners and exporters, it was claimed, was only moderate,
and there was a fair amount of selling in the speculative
market as a hedge against purchases of actual cotton. The
weather reports from the South have reported generally
favorable conditions for the crop, and this, coupled with the
large receipts, has resulted in some of the trade increasing
On Wednesday and Thursday
their estimates of the crop.
there was a rally in prices, led by October. Talk was heard
of the possibilities of a deal in October delivery, and this,
with vague reports circulated that a bull pool had been
formed to take up a large quantity of cotton on October
contracts, served to temporarily strengthen the market.
To-day the market opened at a slight advance, but during
the day turned weaker, the decline in prices being most pro
nounced for October delivery. The bull support given the
market appeared to be withdrawn, and under bear pressure
and selling by spot houses as hedges against purchases of
cotton in the South, values weakened. At the decline shorts
entered the market as buyers to cover their sales, and this
demand steadied the market. The close was steady at a
Cotton on the
net loss in prices for the day of 6@14 points.
spot has been quiet, closing easier at 10.75c. for middling
uplands.
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:
00 o
I
^1
18,592 1 10. 9S3 332,529
7.524 103.699 94, ITS
3.5S6
00 o
00 00
311)
1,000
47,041
24,583
16,546
New
20,351
I
Total 1905..
Total 1904..
Total 1903..
low and closing prices at
Leaving
CoastGerOther
Great
Brit'n. France.] many. Fore ign\ wit*.
1
:
•
923
FUTURES. — High,
Shipboard, Not Cleared for
1
.
THE CHRONICLE.
1
Sept. 16 1905.
.
Total.
"ioo
"616
305
"266
200
300
1,241
120
Total Continental stocks
Total visible supply
2,635,253 1,237,131 1,019,407 1, 545,365
Of the above, totals of American and other descriptions are as follows
A merican
Liverpool stock
.bales. 620,000
59,000
100,000
248,000
Manchester stock
41,000
7,000
17,000
144*666
Continental stocks
226,000
77,000
65,000
American afloat for Europe
208,000
234,000
173,000
39,000
U. S. stock..
449,512
198,177
181,385
309,336
U.S. interior stocks
148,037
175,170
95,551
34,321
U. S. exports to-day
25,992
43,403
20,701
55,571
—
Total American
East Indian, Brazil, &c.
livr-rpool stock
London stock
Manchester stock
f'ontinental stocks
India afloat for Europe
—
Egypt. Brazil, Ac, afloat
stof kin Alexandria, Egypt ...
Stockin Bombay, India
Total East India,' &c.
Total American
1
,801 ,253
65,000
25,000
5,000
40,000
90,000
25,000
35,000
549,000
834,000
1,801,253
|
653,131
457,407 1,083,365
07,000
23,000
4,000
110,000
13,000
16,000
47,000
304,000
74,000
26,000
2,000
69,000
49,000
14,000
10,000
318,000
49,000
20,000
17,000
17,000
2K5.000
562,000
462,000
584,000
653,131
57,000
17,000
457,407 1.083,305
Total visible supply
2,635,253 1,287.131 1,019,407 1,545.866
6.68d.
Middling Upland, Liverpool...
6.82d.
6.67d.
11.76c.
Middling Upland, New York .
10.90c.
10.75c.
7 9-16d.
15-16d.
Egypt Good
<l Brown,
M
8!^d.
Liverpool.
7d.
9.00d.
Peruv, Routjh Good, Liverpool
11. Odd.
9.35d.
4 13-16(1
Broach Fine, Liverpool
6 l-16d.
5 7-16d.
31-16d.
r, 5-16d.
Tinnevelly Good, Liverpool ... 5 5-16d.
tinental imports past week have been 25,000 bales.
The above figures for 1905 show an increase over Inst week
of 88,611 bales, a gain of 1,398,122 bales over 1904, and an
excess of 1,615,846 bales over 1903.
1
THK CHRONICLE
924
AT THE INTERIOR TOWNS
week and
receipts for the
week and the stocks
movement— that
the
the
is
since Sept. 1, the shipments for the
and the same items
to-night,
corresponding period of the previous year
detail below.
—
for the
set out in
is
[Vol. lxxxi
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — Below are closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
Week ending
\
Sept. 15.
Galveston . .
New Orleans
Mobile
Savannah
Closing Quotations ]or Middling Cotton on-
Sat' day
Monday. Tuesday
10 5-16
10 3-16
10H
.
...
Charleston
—
..
1
O -fn
to
<T>
£.
Wi
i
I
t
I
I
p
M
O
2
I
P
>r
-3
Qi oa.
tn
ii
II
o
=rg
cr;
rp
S
P
Is I
B
p
10
10 3-16
10
10
10
10
10?^
10.90
10%
10*
10.85
10.62
11.00
10 3-16
10.75
'11.10
Augusta
|10 5-16
St. Louis
I
Houston
Little Rock
i
Pi
I
... 110.75
Philadelphia
Memphis
pi pi
.
10 3-16
10 1-16
10
10
10
,10%
10%
10%
10%
10%
110.65
10.62
11.05
10.80
10.62
11.15
1090
10
9%
9%
10K
10%
10^
10%
10 5-16
9Vs
10 3-16
9%
1
67gd
10%
10%
10%
10%
9%
10 3-16
10 1-16
10 3--16
10 1--16
10
10
9 15-16
10%
110
9%
10%
10
Norfolk
-x
\
10%
10 1-16
Wilmington.
Boston
Baltimore
Wed' day .Thursd'y Friday.
.
1
10.62
11.00
110%
10%
10%
10%
10%
10%
10 3-16
|10%
|10%
10 3-16
10 3-16
9%
9%
10 1-16
9%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
tO
f— —
Atlanta
to
l— i— i—
to
CO*. Cn
CO
CO Ci Cn
CO
Cn to -si to to to CD
CO 00 Cn CD -J Cn
CO
OS CO Cn CO
Ooa5*.MOCncOOOOCO^O©CncD~aC5—
»
'
.
•
—
O——
>
SCO*-'
cocni
o * Cn
tO*tOO
—
»M5
cncoi-o**cnoo- ©cno — to — a>oo*co — ~acoc»©oitoooo
o s
to
:
M to
— to
—
Cn
-*1
cn
CD i—
Co
mom
[Nashville
10% Natchez
9
10
10% Raleigh
10% Shxeveport... 9
I
15-16
I
15-16
NEW ORLEANS OPTION MARKET.— The highest, low-
*
3
*0**
i
.
est
— to
— O* §sr
o
— Cn *
cnoi*- ~jcom»4
to to o ^i ^t cc to to oo co oo o * co *.
CnCococnMCn-qCO- ^joocn*.*ooa5^jOiCnCO- o-qooco-jcoto
— *COCOCnCn*tOCO00*© —
— ©*Cn — Cn*0>*-aCO
*.C»C5i
~jcncoi
to
to
'Montgomery
and closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:
cots
CO
°°
9 15-10 ILouisville ...
Columbus, Ga. 10
Columbus, M. 9%
&3
Sal' day, Monday, Tuesday J Wed''day Thursd'y, Friday
Sept. 9. Sept. 11. Sept. 1 2. Sept. 13. Sept. 14. Sept. 15.
,
to
co co co
*.
r
oo-a
i
I
O00HI
i
CO
I-1
.-»
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— — — CncD tO
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CD' CDCO©CncO —
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-vi~j©i 05 OS — — Cn 05 — — cn CO O — * CO O
fi to a> cr o oo
SPWi
tO —
00
CO
00
MOl tO CO*. COO* tO -I Cn —
to — CO —
>-'C5CO~lC5*O5*©IO00©~3CnCn COO0CO — © *CO to *COCn Cn
tOtO — Cn — — OOCnCn*tOO*COtO<ICO^]a5COCnCO~JO- ©»J*. tO©05 — COCOCncDOSCDO- M^Cn~J — CncDGOCO — C5 C7J*-ltO^I
,
O *-
I
i
OOOCm
i
— to to *
cnCO00CocDtOCn00<ttoCO-»J*'
©ClCnOC©- Cn*.CnOOOCOOi©*— C505©Cn'
OtOOCDOO©a5*CJOC5COOO — ~J*.COcO©C0i
Cn cn
—
Range
Closing
October
—
Range
Closing
December
—
Range
— * to Cn
CO
*.
Sep ember
January —
Range
*COO500*O5O5Cn©CncOCO
10.59-.66 10.40-. 48 10.30-.38 10.40-.50 10.39-.51 10.34-.51
10. 59-. 60 10.40-.41 10.35-.36 10.40-.41 10.46- .47 10.34-.35
Closing
o>
OS
h-
hi
*
»—
'
•—
I— •
— — co -jcoo- "*co"toco —
OOCn — 005CnCCC>000 — O5O50OCO
toco
©*^J35OCDt0C0<l*.Cnt000~ltO>-'
to
CD
CO
h-'
COCO
to
——
i-1
to]
co
— *.!
•—
C5CnC5i
05005'
CO
COCO* — CO — —to!
* — CO — t005*0>— <ICD©CO.
©C5-J-JOC5*- -q«qCn00CnCOCnC»<IO5*COi
©OOCn — OOSCDCD — ©C5~a~J*CD-qLOC0*O5i
00
— *l-'lo|
ton*
*-4 —
coooVjoi
•MCDOCOi
tocno
"co-jVi
COGOCOOOi
to Cn Cn to
O
•<!
COO — CnO —
March—
o »
to
00
— —
tO~J0iO5
—
^1 tO 05
Cn — —
C0O5 — C0CntOCn©O5IO*'»CO
OtOOM
Cn CO —
OCOCnCnOOOiOO»JCn*CnOO*COOOaiCO--]tO O-JtOCOCn — O5O5Cn©O500
OOOOOOCnOOCO — 00c000c0Cn0>C0CnCnOC000-ja5C0*O — OiOOicDCn
—
Cn ~J
Range
10. 73-. 79 10.55-.60 10.42-.52 10.53-.62 10.49-. 69 10. 48-. 61
10. 72-. 73 10. 52-. 53 10.47-. 48 10.53-.54 10.57-. 58 10.47-. 48
Closing
—
3
Da
Cn
Tone
Spot
Options
10.40-.47 10.24-.32- 10.13-.22 10.23-.33 10.20-.40 10.21-.39
10.40-.41 10.24-.25 10. 17-. 18 10. 24-. 25 10.33-.34 10.22-. 23
10. 50-. 57 10.33-.40 10.22-.31 10.32-. 42 10.30-. 44 10.27-. 43
1Q.50-.51 10.33-.34 10.27-. 28 10.33-.34 10.39
10. 27-. 28
Closing
00 — —
*—
OtOCDtOCn^l~4Cn* — *CO
*.-.):-*
— ® — — @ — — @ — — @ — — @ — — @.26
10.04
10.10
10.12
10.23
10.27
10.10- —
...
Steady.
Quiet.
Steady.
Steady. BTyst'y. Quiet.
Steady.
Steady.
Firm.
Easy.
Steady. B'lyst'y.
WEATHER REPORTS BY -TELEGRAPH.— Advices
to us
— to *cn
— — cn * CO to Cn CO <I
(—- OOOOOO — CnCnCOOOOi
COCOO500O500CnMO5 — ©CO
—
tooo
totoco
by telegraph from the South to-night are to some exThe weather has favored picking as a
tent less satisfactory.
and the crop is being rapidly gathered; but from
Texas there are complaints that the drought is unbroken exThe above totals show that the interior stocks have in cept in a few localities, and in that State and some sections
creased during the week 22,500 bales, and are to-night '76,619 elsewhere deterioration is claimed from insect and other
The receipts at all the causes. On the other hand improvement in the crop is rebales more than same period last year.
towns have been 11,333 bales more than same week last year. ported from some districts. The crop is moving freely.
There are continued reports of deteGalveston, Texas.
OVERLAND MOVEMENT FOR THE WEEK AND rioration
of the plant, of shedding, boll-weevils, no top crop,
SINCE SEPT. 1. We give below a statement showing the &c. Drought is practically unbroken except in a few
overland movement for the week and since Sept. 1, as made localities. There has been a trace of rain on one day of the
ranging from 78 to
up from telegraphic reports Friday night. The results for week. The thermometer has averaged 84,
5t*
Oa.
1
rule
—
—
the week and since Sept.
1
in the last
-1905-
two years are as
follows:
—1904--
Since
—
Sept. 15.
Shipped
Via St. Louis
Via Cairo
Via Rock Island .
Via Louisville
Via Cincinnati
Via other routes &c
.
Sept. 1.
Week.
Sept. 1.
3,028
363
7,361
1,421
896
399
5,664
798
30
678
470
134
1,086
1,394
2,447
"179
258
700
334
289
1,527
1,919
13,318
3,784
9,704
1
,764
Total gross overland
7,233
Deduct shipments
Overland to N. Y., Boston, &c 2,032
—
Between interior towns
Inland, &c, from South
Total to be deducted
Since
Week.
262
3,914
58
43
293
862
584
".552
"
T
,"077
2,368
4,834
814
1,661
Leaving total net overland. a. 4,865
8,484
2,970
8,043
a Including movement by
rail to
Canada.
The foregoing shows that the week's net overland movement this year has been 4,865 bales, against 2,970 bales
for the week last year, and that for the season to date the
aggregate net overland exhibits an increase over a year ago
of 441 bales.
-1905In Sight and Spinners'
Takings.
Week.
Receipts at ports to Sept. 15 ...215,738
Net overland to Sept .15
4,865
South'n consumpt'n to Sept. 15 45,000
1904
Since
Since
Sept. 1.
Week.
Sept. 1.
387,189
8,484
97,000
187,343
2,970
35,000
343,300
8,043
73,000
265,603
22 ,500
492,673
39,993
225,313
17,698
424,343
33,291
Came into singhtdur'g week. 288, 103
Total in sight Sept. 15
532,666
Total marketed.
Interior stocks in exeess
North.spin's' takings to Sep. 15. 19,988
Movement
Week—
1903— Sept 18
1902— Sept 19
1901— Sept. 20
1900—Sept. 21
243,011
59,411
into sight in previous years.
Rales.
158,116
292,682
178,021
245,201
.Suice Sept. 1
1903— Sept. 18
1902— Sept. 19..
1901— Sept. 20
1900— Sept. 21
17,595
89.
—
There has been rain on four days during
Abilene, Texas.
the week, to the extent of two inches and fifty-eight hundredths of an inch. The thermometer has ranged from 64 to
92, averaging 78.
Brenham, Texas. We have had rain on one day of the
week, to the extent of twenty- three hundredths of an inch.
Average thermometer 84, highest 95 and lowest 72.
Corpus Christi, Texas. There has been rain on one day of
the week, the rainfall being one hundredth of an inch.
The thermometer has averaged 81, the highest being 88 and
the lowest 74.
We have had showers on three days during
Cuero, Texas.
the week, the precipitation reaching eighty-seven hundredths of an inch. The thermometer has averaged 84,
ranging from 70 to 98.
We have had showers on two days during
Dallas, Texas.
The rainfall reached twenty-nine hundredths of
the week.
an inch. Thermometer ranged from 70 to 99, averaging 85.
We have had rain on four days the
Fort Worth, Texas.
past week, the precipitation being sixty-three hundredths of
an inch. Average thermometer 82, highest 96 and lowest 68.
Rain has fallen heavily on three days
Henrietta, Texas.
of the week, the precipitation being two inches and thirty
hundredths. The thermometer has averaged 81, the highest
being 93 and the lowest 68.
The week's rainfall has been twenty
Huntsville, Texas.
hundredths of an inch, on two days. The thermometer has
—
—
—
—
—
—
—
averaged 85, ranging from 69 to 101.
There has been no rain the past week.
Kerrville, Texas.
The thermometer has ranged from 60 to 95, averaging 78.
Lampasas, Texas. We have had no rain during the past
457,634
week. Average thermometer 88, highest 99 and lowest 67.
51,355
We have had no rain during the week.
Longview, Texas.
The thermometer has averaged 83, the highest being 96 and
Bales
254,984
664,781
364,704
477,325
—
—
—
the lowest 69.
There has been a trace of rain on one day
Luling, Texas.
The thermometer has averaged 84.
of the past week.
ranging from 71 to 96.
—
——— — —
.
TIIK
Sept. 16 iooo.i
.
tONICLE.
<>25
—
It has rained on one day during the
Nacogdoches, Texas.
week, the rainfall being twenty-two hundredths of an inch.
The thermometer has ranged from 69 to 93, averaging SI
Rain has fallen on one day of the week to
Palestine, Texas.
Average theithe extent of one hundredth of an inch.
For
Export*
from
—
Gnat
—
mometer
Britain.
—
—
—
cans, Louisiana.
There has been rain on one day
during the week, the precipitation reaching fifty-three hundredths of an inch.
Average thermometer 83
have had rain on two days
Shrcvenort, Louisiana.
during the week, the rainfall being forty-nine hundredths of
an inch.
The thermometer has averaged 82, the highest
being 94 and the lowest 69.
There has been rain on two days
Leland, Mississippi.
of the week, the rainfall being forty-one hundredths of an
inch. Thermometer has ranged from 63 to 94, averaging 77.6.
— We
—
—
Helena. Arkansas. Cotton is rapidly opening.
Worms
are doing but little damage.
We have had rain on one day
during the week, the precipitation reaching fourteen hundredths of an inch. Ihe thermometer has averaged 76.4,
ranging from 66 to S9.
Little Rock. Arkansas.
Crops are very late, but improvVery little cotton open yet. Only one new bale reing.
ceived here up to date. It has rained on four days of the
week, the precipitation being sixty-four hundredths of an
inch. The thermometer has ranged from 64 to 89, averaging 76.
—
— Good
Memphis, Tennessee.
weather for maturing and
gathering cotton.
Picking is becoming general.
Rain
has fallen on two days of the week, the rainfall reaching
eighteen hundredths of an inch.
Average thermometer
77.2, highest 87.2 and lowest 6S.
Xashville, Tennessee.
Picking and ginning has been delayed by too much rain. Weather now favoreble.
Rain
has fallen during the week to the extent of four inches and
nine hundredths. The thermometer has averaged 75, the
highest being 87 and the lowest 63.
Mobile; Alabama.
Scattered rains in the interior early
in the week.
Cotton picking is active and nearing completion in only a few upland districts. Plants are still blooming and fruiting in most sections. We have had rain on one
day of the week, the precipitation being twenty-one hundredths of an inch.
Montgomery, Alabama. Good picking weather and farmers rushing work. There has been rain on two days during
the week, the rainfall reaching one inch and eighty hundredths. The thermometer has ranged from 68 to 92, averaging 79.
Selma, Alabama. The crop shows continuous deterioration
and yield is disappointing. Rain has fallen on two days of
the week to the extent of sixty- three hundredths of an inch.
Average thermometer 82, highest 92, lowest 68.
Madison, Florida. Great complaint of shedding and
rust.
There has been rain on one day of the week, rainfall
being one inch and fifty hundredths. The thermomeeter has
averaged 78, highest 90 and lowest 66.
Savannah, Georgia. Rain has fallen on two days of the
week, to the extent of one inch and twenty-seven hundredths
of an inch.
The thermometer has ranged from 67 to 89, av-
—
—
11104
1903
I'.ili'utta
—
—
ering 77.
Charleston, South Carolina.
It has rained on five days
of the week, the rainfall being twenty-eight hundredths of
an inch. The thermometer has averaged 78, the highest
being 87 and the lowest 70.
Greenwood, South Carolina. There has been no rain the
past week. The thermometer has averaged 74, ranging
—
—
from 68
to 85.
Charlotte, Xorth
Carolina.
— Planters
are
selling
fi
have had only a trace of rain during the past week.
Average thermometer 73, highest 86 and lowest 60.
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given the last two years:
V\
<•
.
Orleans
Memphis
Nashville
'port
Mcksburg
Above
Above
Above
Above
Above
INDIA COTTON
zero
zero
zero
zero
zero
of
of
of
of
of
15 1905.
Sept. 16 1904
Feet.
4.4
4.2
Feet.
5.8
gauge.
gauge.
gauge.
gauge.
gauge.
7.8
8.7
1.4
14.0
MOVEMENT FROM ALL PORTS.-
The
receipts of cotton at Bombay and the shipments from
all India ports for the week and for the season from Sept. 1
for three years have been as follows:
Sept. 14.
Receipt* at
1905.
—
.
Total.
.....
—
7,000
.....
5,000
0.000
7,000
13,000
1.000
9,000
10.000
1,000
1.000
2,000
2.000
Madras
1905
1904
1903
Wl others
90S
1
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,000
4,000
2,000
3,000
4,000
2,000
8,000
0,000
7,000
8,000
6,000
7,000
11,000
4,000
7,000
11,000
4,000
7,000
17,000
7.000
19,000
23,000
7,000
20,000
„
m
L904
1903
Total all—
1905
1904
1903
.....
„
0,000
1,000
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. —Through arrangements made with Messrs.
Chore mi, Benachi & Co., of Liverpool and Alexandria, we
now
movements of cotton at
The following are the receipts and
the past week and for the corresponding week
receive a weekly cable of the
Egypt.
Alexandria,
shipments for
the previous
<>f
two years.
Alexandria, Egypt,
1905.
Sept. 13.
1904.
1903.
Rect ipts (cantars o)
This week
since Sept.
10,000
15,000
1
This
Since
week. Sept. 1.
Exports (bales)
To
To
To
To
Liverpool..
A
cantar
is
55,000
83,002
This
Since
week. Sept. 1.
0,500
4,000
3,500'
3~,500
8,500i
3,250
300
2,300
1
8,500
21,300
4,750
Manchester
Continent .
America
Total
a
32,000
51,000
This
week
Since
Sept. 1.
3,083
5,744
2~092
100
4~338
,000j
1,750
3,500
8,000
1,000
9,500
14,250
5,275
10,482
1,750
400
98 lbs.
MARKET.—
.MANCHESTER
Our report received by
cable to-night from Manchester states that the market continues quiet for both yarns and shirtings.
Spinners are
considered to be well under contract.
We give the prices
for to-day below and leave those for previous weeks of this
and
last
year for comparison.
1905.
8M
32s Cop.
Twist.
lbs. Shirt-
ings,
s.
d.
11
6
4
18
6
4
25
Sep.
6
3
6
6
6
3
8
common
to finest.
Aug.
15
1904.
2
Cot'n
i
Mid
32s Cop.
Up's.
Twist.
d.
a.
9
4X
©9 4H
©9 3
@9 3
®9 114
1M@9
1
5 81
5.80
5.87
9H
8%
9H
@9%
5.83
(3)9%
5.56 9 3-16
5.57 9 3-16® 9H
@9%
8M
lbs. Skirt-
ings,
common
s.
5
d.
8
5 10
s.
@8
@9
5,000
Sept.
1
22,000
Since
Week.
9.000
Sept.
1.
17.000
5,000
Sept.
1
.
17,000
Mid
d.
7)-
~d.
6.10
6.12
6.60
6.64
6.76
0.82
5 11
6
6
GOVERNMENT WEEKLY COTTON REPORT.— Mr.
James Berry, Chief of the Climate and Crop Division of the
rnitecT States Weather Bureau, made public on Tuesday
the telegraphic reports on the crop in the Southern States
for the week ending Sept. 11 as follows:
—
—
North Carolina. Condition of cotton about the same as in previous
week, shedding and rust continue, bolls small, lint short.
South Carolina.
No marked change in cotton, some localities show
slight improvement, others slight deterioration due to rust, plants stopped
growing on sandy lands, but still green and fruiting on clay soils, weather
favorable for opening and picking, sea island improved and yielding
better than anticipated.
< : (oryia.
Week favorable for cotton picking, bolls opened rapidly,
some prematurely; staple all gathered in many fields in south, yield
small, no top crop or new growth, slight deterioration because of drought
and rust, few scattered fields damaged by caterpillars and boll-worms.
Florida.
Cotton continues to deteriorate, being damaged in north
—
—
portion by rain, rust and caterpillars, growth and fruiting practically
ceased, little or no top crop, very light crop indicated.
Alabama. Slight improvement in cotton, with rust, shedding and rot
decreasing, much early cotton has stopped fruiting, but late planted
taking on new fruit, bulk of crop open, picking being pushed, quality of
—
lint
improving.
—
Mississippi.
Too cool for cotton fore part of week, otherwise favorable weather; cotton deteriorating slightly, shedding continues general,
considerable rust, some blight ancl premature opening, worms damaging
In west, rot diminishing, bolls opening rapidly, picking well under way.
Louisiana.
Cotton generally at standstill, improvement in some
localities offset by deterioration elsewhere, fruiting poorly, shedding
/. much damage by caterpillars and boll-worms, also by cotton bollweevll in extreme western parishes, bolls opening, crop much below
average.
Texas. Cotton deteriorating somewhat in eastern, central and south-
—
western districts, though improved In localities, premature opening
checked somewhat by showers and cooler nights, still ihedding badly in
places, showers northeast, (real and northwest, Improved prospects
somewhat, outlook for top crop improved, open cotton little dam:)
by showers, boll-weevils and other pestl increasing in localities, picl
pushed, but interrupted by showers.
Arkansas.— Cotton deteriorated, owing to cool, cloudy weather.
Insects increasing and rust spreading, fruiting well, opening .-lowly,
Picking begun.
Tennessee.— Cotton suffering considerable loss by sheddim; and
issouri— Cotton deteriorated, shedding badly, lower bolls rotting.
dry weather and sunshine needed,
Oklahoma and Indian Territories.— Cotton deteriorated conalilerablfir
'at
and damaged by rains, shedding and boll-worms mo
r.iekpd of good quality, though yield light
M
.Since
Week.
Cot'n
Up's.
to finest.
I
Since
Week.
Bombay
1903.
1901.
nent.
—
0.4
6.9
1.9
1.
Conti-
1904
1903
—
—
Oreai
Britain.
Total.
7,000
.....
5,000
!!)().-)
—
aging 82.
Continent.
Since September
Bombay
S5, highest 92, lowest 68.
It has rained on two days of the week, the
Paris. Texas.
rainfall being forty-four hundredths of an Inch.
The thermometer has averaged S3, the highest being 98 and the
lowest 07.
San Antonio, Texas. There has been rain on one day of
the past week, the rainfall reaching one hundredth of an inch.
The thermometer has averaged S2, ranging from 70 to 94.
It has rained on one day of the
Weatherford, Texas.
week, the precipitation reaching fifty-four hundredths of an
inch.
The thermometer has ranged from 69 to 95, aver-
Week.
the
THE CHRONICLE.
926
These reports are summarized by the Crop Division as
follows:
In the Carolinas the cotton situation
pared with that of the previous week.
•
•
NEW ORLEANS— To
Head, 100
•
not materially changed as com"
In South Carolina a slight improvement is indicated in localities and deterioration in others, the
plant having stopped growing on sandy lands, but continues green and is
fruiting on clay soils.
Slight improvement is reported from Alabama
and portions of Louisiana and Texas, but in Florida, Georgia, Tennessee, Missouri, Arkansas Oklahoma, Indian Territory, and the greater
part of Texas, there has been more or less deterioration, with slight
improvement over scattered local areas. Boll-weevils and other pests
are increasing in portions of Texas. Generally the weather conditions
throughout the belt have been highly favorable for picking, which work
has been actively carried on. n • • • ,\~s k.'tf£fiiri5&&3)kS*£ v • \ •
is
EUROPEAN COTTON CONSUMPTION TO
SEPT. 1.
we have Mr. Thos. R. Ellison's cotton
figures brought down to Sept. 1.
We give also revised
totals for last year that comparison may be made.
The
•
and pounds have been
as
Kathlin
100
150
100
—
—
-5,286
•
—
—
—
•
14 130
—
—
—
—
—
—
—
— —
—
Steamer Sellasia, 250
To Hamburg Sept. 9 Steamer Sellasia, 148
To St. Petersburg Sept. 8 Steamer South America, 877
•
Sept. 9
•
—
37,715
148
—Steamer
Sept. 13
Himeira, 1,600
To Riga Sept. 8 Steamer South America, 100...
To Reval Sept. 9— Steamer Sellasia, 200...
—
Gothenberg
—Sept. 9 —Steamer Sellasia,Steamer
150.
WILMINGTON— To Liverpool—Sept.
To
2,727
100
—
—
200
150
12—
Tolosa,
10,482
follows:
Oct.
13— Steamer
Sept. 12— Steamer Colonial, 12,103
Sept. 14
Steamer Irak, 24,019
41,408
To Havre Sept. 14 Steamer Idar, 7,127...
7,127
PENSACOLA To Genoa Sept. 12 Steamer Ludovico, 1,000
1,000
SAVANNAH To Bremen— Sept. 8 Steamer South America,
10,444
Sept. 9 Steamer Sellasia, 7,488
Sept. 13
Steamer Himeira, 5,653
Sept. 14 Steamer Marienfels.
•
•
cable to-day
spinners, takings in actual bales
——
Belfast— Sept.
Lmi.
To Hamburg Sept. 14 Steamer Schwarzburg, 150
To Mexico Sept. 9 Steamer Norheim, 100
GALVESTON— To Liverpool— Sept. 8—Steamer Yucatan,
'
— By
[Vol.
1
to
Great Britain.
Sept. 1.
Total.
Continent.
10,482
241
NEWPORT NEWS— To Glasgow— Sept. 8—Steamer Almora,241
BOSTON— To Liverpool— Sept. 4—Steamer Canadian, 20
Sept.
9 — Steamer
Sept.
6— Steamer Republic, 387
1,509... Sept. 12
—Steamer559Bohemian, 11—
Sept. 13 — Steamer Cymric, 970
156
BALTIMORE — To Liverpool — Sept. 1— Steamer Quernmore...
236
Sept. 8— Steamer Indore, 000
To Bremen — Sept. 6 — Steamer Brandenburg, 2,000
Sept. 13 — Steamer Chemnitz, 1,693
To Hamburg — Sept 5 — Steamer Alexandria, 300
TACOMA—
Sept.
Sachem,
For 1904-05.
Takings by spinners
bales.
5,216,000
8,775,000
3,559,000
Average weight of bales, .lbs.
507
489
496.3
Takings in pounds
1,804,413,000 2,550,524,000 4,354,937,000
For 1903-04.
Steamer Saxonia,
Sept.
3,601
236
•
3,693
300
100
.
Takings by spinners
bales.
2,786,000
5,030,000
7,816,000
Average weight of bales.. lbs.
503
475
485.0
Takings in pounds
1,401,358,000 2,389.350.000 3,790,708,000
7— Steamer Shawmut,
To Japan—
100.
Total
122,444
The exports
According to the above, the average weight of the deliverGreat Britain is 507 pounds per bale this season, against
503 pounds during the same time last season. The Continental deliveries averaged 489 pounds, against 475 pounds
last year, and for the whole of Europe the deliveries average
ies in
496.3 pounds per bale, against 485.0 pounds last season.
Our dispatch also gives the full movement for this year and
last year in bales of 500 pounds.
1904-05.
Oct. 1 to Sept. 1.
Bales of 500 lbs. each.
000s omitted.
1903-04.
Great ContiTotal. Britain nent.
Total.
315
372
40
446
486
5,101
8,710
2,803
4,779
7,582
Supply...
Consumption, 48 weeks
3,666
3,332
5,416
4,752
9,082
8,084
2,843
2,777
5,225
4.752
8,068
7,529
334
664
998
66
473
539
1
Weekly Consumption,
Havre
Bremen
68
68
68
72
72
72
72
72
72
72
o72
November
December
January
February
March
April
May
June
July.
August
99
99
99
99
99
99
99
99
99
99
99
167
167
167
171
50
63
63
171
171
171
171
171
171
171
55
55
55
55
60
60
60
149
162
162
159
154
154
154
154
159
159
159
99
99
99
99
99
99
99
99
99
99
99
60
a The average weekly consumption is as given by Mr. Ellison, deducmade on account of holidays.
tion from month's total being
JUTE BUTTS, BAGGING, ETC.— The
amount of cotton ginned up to Sept. 1 from the
of 1905 as follows:
Number of bales, 469,500, counting round bales as halfbales, compared with 374,821 bales last year.
The active
ginneries this year were 7,225, compared with 7,587 last
growth
year.
The report by States and territories is given as follows:
Alabama, 1905, 50,593; 1904, 25,678. Arkansas, 1905, 56;
1904, 76. Florida, 1905, 2,380; 1904, 1,956.
Georgia, 1905,
107,679; 1904, 61,706.
Indian Territory, 1905, 92; 1904,
Louisiana, 1905, 4,649; 1904, 5,433.
1,055.
Mississippi,
1905, 4,480; 1904, 2,652.
North Carolina, 1905, 3,024;
Oklahoma, 1905, 11; 1904, 43. South Carolina,
1904, 134.
1905, 37,733; 1904, 4,215. Tennessee, 1905, 2; 1904, 2.
Texas, 1905, 258,801; 1904, 271,871.
—
SHIPPING NEWS. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 122,444 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Liverpool,
per
steamers Cedric, 1,885
Cevic, 1,061
To
To
To
To
To
To
To
Manchester, per steamer Terence, 200
Hull, per steamer Toronto, 496
Havre, per steamer La Bretagne, 1,000
Bremen, per steamer Bremen, 2,559
Antwerp, per steamer Vaderland, 370
Copenhagen, per steamer Hellig Olav, 1,248
Genoa, per steamers Koenigen Luise, 1,761
Adalbert, 900
To Naples, per steamer Koenigen Luise, 200
To Venice, per steamer Guilia, 711
To Trieste, per steamer Guilia, 100
To China, per steamer Atholl, 300
To Yarmouth, per steamer Prince Arthur, 75..
""
18
20-20
25-25
..c.
c.
c.
c.
Wed.
20
Thurs.
15
15
Fri.
17H
17M
18
18
15
1734
18
25
20
25
20
25
20
25
15
21
15
21
15
21
15
21
15
21
15
21
32
35
26
32
35
32
35
26
32
35
32
35
28
32
35
18
18
26
26
18
26
40
18
•
26
40
18
28
18
30
40
30
40
—
LIVERPOOL. By cable from Liverpool we have the following statement of the week's sales, stocks, <fec, at that port:
Aug. 25.
bales. 27,000
week
Sales of the
Of which exporters took..
Of which speculators took
American
1,000
19,000
16,000
55,000
730,000
Actual export
Forwarded
stock— Estimated
Of which American— Est. 651, 000
Total import of the week... 71,000
Of which American
52,000
Total
Amount
102,000
afloat
Sep*. 1.
Sept. 15
Sept. 8.
.
31,000
44,000
39,000
1,000
3,000
2,000
1,000
3,000
26,000
41,000
33,000
1,000
6,000
2,000
49,000
53,000
57,000
723,000
708,000
685,000
660,000
620,000
650,000
34,000
44,000
36,000
32,000
14,000
39,000
120,000
114,000
152,000
126,000
94,000
85,000
market for spots and futures
Of which American.
83,000
The tone of the Liverpool
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Monday.
Tuesday.
Wed'day.
Thursday.
Friday.
Quiet.
Quiet.
Fair
business
doing.
Fair
business
doing.
Fair
business
doing.
Steadier.
5.63
5.57
5.49
5.51
5.53
5.57
5.000
7,000
500
10,000
2,000
7,000
1.000
10,000
1.000
5.000
500
Saturday.
Spot.
P.M.
report on the
17H
•
Tues.
15
17J4
18
26
26
Japan, v. Suez.c.
40
40
Quotations are cents per 100 lbs.
for jute
NEW YORK —To
c.
Trieste
bagging has continued very quiet during the week, and prices
are nominally unchanged at 6^c. for \% lbs. and 6J^c. for
2 lbs., standard grades.
Jute butts very dull at 1J^@1Mc
for paper quality and 2@2*4c. for bagging quality.
CENSUS BUREAU REPORT ON COTTON GINNING
TO SEPT. 1. —The Census Bureau issuod this afternoon its
15
c.
Antwerp
c.
Ghent, v. Ant.. c.
Reval, indirect. c.
Reval, v. Canal. c.
Market,
market
Mon.
15
15
18
Hamburg
Sales
000s omitted.
October.
Sat.
c.
c.
Manchester
Genoa
57
3,609
In
In
In
In
In
In
In
In
In
In
In
Liverpool
Barcelona
Great ContiBritain nent.
Spinners' stock October 1__
Takings to September 1
Spinners' stock September
to Japan since Sept. 1 have been 200 bales
from Pacific ports.
Cotton freights at New York the past week have been
as follows:
12:30
Mid.TJprds
Sales
Spec.&exp.
Steady at
Quiet at
Br'ly st'dy,
pts.
1 pt.
decline.
pts.
decline.
Futures.
Market
1
4@5
opened.
/
advance.
Market,
;
1
P.M.
J
Easy at
pt.dec.®
2 pts. adv.
5@6
2@3
pts.
decline.
Quiet at
Steady at
pts.
decline.
decline.
4@6
Steady at
3 pts.
Steady at
4® 5
pts.
advance.
500
Quiet at
Steady at
pts.
decline.
advance.
2@3
Quiet at
3@5
pts.
decline.
2 pts.
Quiet at
2<S>3 pts.
advance
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
Sat.
Wed.
Tnurs.
Fri.
Mon.
Tues.
Sept. 9. Sept. 11. Sept. 12. Sept. 13. Sept. 14. Sept. 15.
12Y2 1 12MI 4 12J4 4 12H 4 12Ha 4 12H 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
September
d.
d.
1
d.
d.
5 49;5 47 5 41 5
5 49J5 47 5 41 5
5 535 51 5 45 5
5 565 54 5 49 5
5 58,5 57 5 52 5
5 611.5 59 5 54 5
5 635 61 5 56 5
5 65j 5 63 5 58 5
5 665 65 5 60 5
Mav-June.. 5 73 5 70 5 67|5 66 5 61 5
June-July.. 5 74 5 71 5 68:5 66 5 61 5
July- Aug .. 5 74 5 71 5 695 67 5 62 5
5 58 5 53
Sept .-Oct.. 5 58 5 53
Oct .-Nov .. 5 60 5 56
Nov .-Dec .. 5 62 5 59
5 65 5 62
Dec- Jan
5 67 5 64
Jan .-Feb
Feb.-Mch .. 5 70 5 66
Mch.-Apr .. 5 72 5 68
Apr. -May.. 5 72 5 67
.
d.
d.
d.
d.
44 5 43 5 49 5 45 5
44 5 43 5 49 5 45 5
48 5 47 5 52 5 48 5
51 5 50 5 55 5 51 5
54 5 53 5 58 5 54 5
56 5 55 5 60 5 56 5
58 5 57 5 62 5 58 5
60 5 59 5 64 5 59 5
62 5 61 5 66 5 61 5
63 5 62 5 67 5 62 5
63 5 62 5 67 5 63 5
64 5 63 5 68 5 63 5
d.
d.
d.
46
46
49
52
54
56
58
60
49 5
49 5
52 5
55 5
57 5
59 5
60 5
62 5
63 5
64 5
64 5
63 5 65 5
5
5
5
5
5
5
5
5
61 5
62 5
63 5
49
49
52
65
57
59
61
63
64
65
65
66
2,946
'200
~~~~
"""
1
496
000
BREADSTUFFS.
2,559
*370
1,248
I
Prinz
2,661
'200
711
100
.
I
300
75
Friday, Sept. 15 1905.
wheat flour has developed a better tone
and there has been more activity to business. Exporters
have shown renewed interest as buyers. Advices from the
leading millers have reported fairly liberal sales to the foreign
market and this has strengthened them in their views.
The market
for
—
— — —
,
TIIK CHRONICLE.
Sept. 16 1905.1
927
Locally jobbers have manifested more of a willingness to
Combining these figures with those for previous weeks, aw
operate ami have made moderate purchases at steady prices. have the following, which covers the exports to foreign
Rye flour has been in countries for the period since July 1, comparison being made
City mills have been more active.
fairly active demand and firm. Corn meal lias been quiet with the corresponding period of the previous year.
but steady.
Com,
Flour,
Wheat,
Oats,
Rye,
Barley,
Exports
Speculation in wheat for future delivery has been on a
bush.
bush.
hush.
btcsh.
bush.
bbls.
from
IS, ISO
915 561,000
9,000
moderate scale only, and the net changes in prices for the Sip. 1'iancisco. 104,861
Sound.. 147, 000
19,131
420
17
77.452
9,448
week show fractional advances, the tendency having been Puget
03,200
Portland
towards a slightly higher basis. The principal bull point
17
Total
315,061
86,452
27,623
20,046 561.420
has been an official Government estimate of a considerable
283
521.021
227.018
4.047
974 487.087
shrinkage in the vields of the Russian wheat and rye crops, Total 1904
it being figured that the yield of wheat will be 130,000,000
AGRICULTURAL DEPARTMENT'S REPORT ON CERbushels less than last year, and that the rye crop will be EAL CROPS, &C, TO SEPTEMBER 1.—The Agricultural
336,000,000 bushels smaller than a year ago.
Prospects Department issued on the 11th inst. its report on the cereal
for the wheat crop in this country and Canada have con- crops for the month of August as follows:
tinued promising, with harvesting in the Northwest pracThe Crop Estimating Board of the Bureau of Statistics of the DepartThe monthly report of the Government's ment of Agriculture finds, from the reports of the correspondents and
tically completed.
Agricultural Bureau issued on Monday indicated a yield in agents of the Bureau, as follows:
The condition of corn on September 1 was 89.5, as compared with 89
the United States from the present wheat crop of 704,500,000
last month, 84.0 on September 1 1904, 80.1 at the corresponding date
bushels.
The movement of the new crop has been on a in 1903, and a ten-year average of 81.7.
fairly liberal scale, the receipts of spring wheat at the NorthThe following table shows for each of the States having one million
west markets being heavy, and the offerings of this wheat acres or upward in corn the condition on September 1 in each of the last
years, and that on August 1 1905, with the ten-year September
have served to hold an upward movement in prices in check. three
averages:
The spot market has been slightly higher and a moderate
Sept. 1
Aug. 1 Sept. 1 Sept. 1 Ten-year
average.
1903.
Stales,
1905.
1905.
1904.
volume of export business has been transacted here and at
96
77
85
95
86
outports.
To-day there was a firmer market on buying by Illinois.
67
84
Iowa
89
89
85
bear interests to cover short sales. The spot market was Nebraska
80
77
95
90
87
72
70
Kansas
68
88
95
firmer but quiet.
Texas
86
91
74
79
82
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK. Missouri
81
76
98
98
74
Sat.
Mon. Tues. Wed. Thurs. Fri.
Indiana
99
76
87
94
80
—
8S% 89^ 89^ 88H 88^ S9J^- Georgia
87% 88
88J^ 8T% 88
88%
Tennessee
88% 88% 88% 88% 88% 89%
Kentucky
May delivery in elevator
89% 90% 90% 89% 89% 90%
Ohio
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO. Alabama
No. 2 red winter f.o.b..
September delivery in elevator.
December delivery in elevator.
Mon. Tues. Wed. Thurs.
Sat.
Fri.
86
84
95
90
84
83
North Carolina
Arkansas
80% 82% 82% 82
82% 83%
Mississippi
82% 83% 83% 82% 83% 84%
May delivery in elevator
85% 85% 85% 85% 85% 86% Virginia
Carolina
Indian corn futures have received only a limited amount South
Oklahoma
of speculative attention, and changes in prices for the week Indian Territory
are unimportant.
The monthly report of the Government's South Dakota
Agricultural Bureau issued on Monday indicating a crop of Minnesota
Wisconsin
2,700,000,000 bushels, was in keeping with the general ex- Pennsylvania
September delivery
December delivery
In elevator.
in elevator.
pectations of the trade that the yield will be a record-breaking
one.
During the latter part of the week a private authority
announced that the corn crop was nearing a secure position;
probably three-quarters now practically safe from notable
damage. The local spot market has been slightly easier
and business with exporters has been limited. To-day the
market was higher on less favorable weather reports from
the Southwest. The spot market was firmer but quiet.
DAILY CLOSING PRICES OF NO.
„
Cash
,
delivery in elevator
49%
September delivery in elevator.
December delivery in elevator.
2
Mon.
Sat.
NEW YORK.
Thxirs.
Fri.
60%
59%
60%
60
60
59%
51%
49%
59%
Tues.
Wed. Thurs. Fri.
60
52%
49%
MIXED CORN IN CHICAGO.
52
DAILY CLOSING PRICES OF NO.
„
MIXED CORN IN
Mon. Tues. Wed.
60%
59%
60%
59%
51%
49%
corn f.o.b
September delivery in elevator.
December delivery in elevator.
May
2
Sat.
53%
43%
43%
52
52
49
49%
Louisiana
Michigan
.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Mon. Tues. Wed. Thurs.
Sat.
2 mixed f.o.b
No. 2 white, clipped'f.o.b
30%
32%
30%
32%
DAILY CLOSING PRICES OF NO.
September delivery
December delivery
May
in elevator.
in elevator.
delivery in elevator
The
2
Fri.
30% 31% 32
33
33% 33% 33%
MIXED OATS IN CHICAGO.
30%
Sat.
Mon.
Tues.
25%
27%
29%
Wed. Thurs. Fri.
26
26%
27%
29%
26%
27%
29%
27%
29%
27%
28%
28%
28%
30%
30
following are closing quotations:'
FLOUR.
Fine
Superfine
Extra, No. 2
Extra, No. 1
:j
3 30
3 50
00
4 50
i
.
Wheat, per bush
N. Did., No. l..
V. Did., No. >..
Red winter, No.
Hard "
— Mixed,
>
bush
White
No. 2 mixed
N'o. 2 white
Exports
')',
3 20
Clears
Straights
Patent, spring.
Oats
@S3
$2 50
@
00
3 15
0$ 3 25
(a> 3 40
(t'H
@
c.
f.o.b.
f.o.b.
f.o.b
f.o.b.
(%
32%©
Brandvwine
5 75
GRAIN.
88
«
X9%
'rii mixed.
Ho. 2 mixed
No. 2 yellow
No. 2 white
per bush
<§
4 25
d> 3
..
i,i.
Corn, per bush
c
@
85
5 80
Nominal.
flour
Corn meal
Western, etc.. 3 10
4 00
4 40
32
37
Nominal.
\
31
Buckwheat
©84
tern
56
@
f.o.b,
f.o.b.
f.o.b.
02
15
15
c.
c.
.
:;
.,1
@
State and Jersey
Barlev
Western.
Nominal.
45 On 57
Feeding...
.'i'»
<>><
44
Grain and Flour from Pacific Ports.— Th.
ports of grain and flour from Pacific ports for the week ending
Sept. 14, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 1,014 bbls. flour;
to various South Pacific ports, 6,487 bbls. flour, 303,000
bushels barley and 800 bushels corn; from Pugot Sound,
12,600 bbls. flour.
of
95
75
84
89
90
89
78
93
96
87
92
98
91
81
67
99
91
91
96
71
90
85
86
86
94
69
87
92
80
80
78
94
87
85
81
73
91
90
86
90
98
88
83
72
84
89
73
72
79
99
79
86
83
86
84
83
86
79
80
88
81
67
88
82
87
87
87
84
84
•
Dakota 89, Iowa 91 and Washington 91.
The average condition of the oats crop when harvested was 90.3,
against 90.8 last month, 85.6 reported September 1 1904, 75.7 at the
corresponding date in 1903, and a ten-year average of 81.4.
The following table shows for each of the nine principal oats States
the condition when harvested, as reported on September 1, in each of
the last three years, and that on August 1 1905. with the ten-year
averages:
Sept. 1
1905.
94
89
95
95
86
96
93
92
87
Aug.
1
1905.
Sept. 1
1904.
Sept. 1
1903.
87
82
88
92
67
70
81
79
79
68
95
83
78
94
88
94
96
87
95
96
94
82
92
96
98
91
100
Ten-year
average.
81
79
87
88
75
•
84-'
•
89
86
88
United States
81.4
90.3
90.8
85.6
75.7
The average condition of barley when harvested was 87.8, against 89.5
on August 1 1905, 87.4 reported September 1 1904, 82.1 at the corresponding date in 1903, and a ten-year average of 83.7.
The average condition of rye when harvested was 90.8, against 86.9
reported September 1 1904, 84.1 reported September 1 1903, and a tenyear average of 85.8.
The average condition of buckwheat on September 1 was 91.8, against
02.6 one month ago, 91.5 on September 1 1904, 91 at the corresponding
date in 1903, and a ten-year average of S8.
The average condition of flax on September 1 was 94.2, as compared
with 96.7 one month ago and 85.8 on September 1 1004.
The indicated yield of the. principal crops for 1905, as figured out by
us on the basis of the acreage and condition percentages, is as follows
the total crops as reported by the Agricultural Department for 1904
•
1903 and 1902 being appended for comparison:
1905.
1902.
1904.
1903.
Bushels.
Bushels.
"•I
Bushels.
Bushels,
Corn
2,700,000,000 2,467,480,934 2,244,176,925 2,523,648,312
Winter wheat. 424,400,000
332.935,31c,
411,788,666
399,867,250
.Spring wheat.
258,274,342
280,000,000
219,464,171
237,954,585
Oats
9S7,S42,712
925,000.000
894,595,552
784.094,199
•
Patent, winter.. S4 60
City mills, patent 5 35
Rye flour, s'fine. 3 75
71
91
81.7
United States
80.1
89.5
84.6
89.0
The average condition of spring wheat when harvested was 87.3.
This is the second year that spring wheat has been separately reported
upon on September 1; comparison can, therefore, only be made with the
condition one month ago, which was 89.2, and with that reported September 1 1904, which was 66.2. The condition in the five principal
State9 is reported as follows:
Minnesota 84, North Dakota 89, South
53% 53% 52% 53% 54
States.
43% 43% 43% 44
44% Iowa.
May delivery in elevator.
43% 43% 43% 43% 43%
Illinois
Oats for future delivery at the Western market have been Wisconsin
moderately active, and the tendency of prices has been toward Minnesota
Nebraska
a higher basis. The feature has been the activity of the Indiana
export demand, it being understood that during the week New York
unusually large sales have been made to exporters and at Pennsylvania
gradually hardening prices. The demand from the home Ohio
trade also has been fairly active. The yield of the oats crop,
as indicated by the Government's report on Monday, is
925 ,000 ,000 bushels To-day the market was firm and higher
based on the recent active export business.
Following are closing quotations:
81
74
97
74
83
96
87
88
96
85
84
86
80
•
•
GOVERNMENT WEEKLY GRAIN REPORT.— Mr.
.Tames Berry, Chief of the Climate and Crop Division of the
United States Weather Bureau, made public on Tuesday
the telegraphic reports on the grain crops in the various
States for the week ending Sept. 11 as follows:
•CORN. Notwithstanding the exeessive moisture and eool weather
—
over the greater part of the corn bel', generally corn has made good
progress toward maturity, having advanced rapidly in the northern
and western portions. frfucb of the crop is already safe and cuttlnfl
In Iowa it la estimated
eral over the southern portion of the belt.
that four-fifths of the crop will he safe from frost by the 25th and the
remainder bv the 30th.
„
Is now practically
SPH [NO
If
AT.— The harvesting of spring wheat
however,
on
areas,
Large
finished In North Dakota and Minnesota.
in
flooded low-lands in the last-named State have been abandoned,
North Dakota the little threshing that ha, been done Indicate; disapIn South Dakota the yield
pointing yields, considerable bdng smutty.
Threshing Is comof spring wheat Is rood but the rjuallty I* variable.
pleted In Oregon and harvesting Is progressing under favorable condition*
In Washington, except in tie- northwestern counties, where It has been
Interrupted by showers.
I
W
I
THE CHRONICLE.
928
The movement of breadstuff's to market as indicated in the
statements below is prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
Receipts at
—
Corn.
Wheat.
Flour.
60 It's.
384,308
290,400
bbls.lOdlbs. bush.
183.924
56.700
91.800
Chleaeo
Milwaukee
Duluth
..
Minneapolis
Toledo
.
7.100
1.565
Detroit
Cleveland
St. Louis
Peoria
Kansas City
56
bush. 32
lbs.
2,127.300
248.300
90,802
787.700
502.700
102,234
311.147
1,841 000
.3,027
655,564
5.600
Rye.
Barley.
Oats.
lbs.
2,948,434
37.050
11.073
51.840
167.000
05,000
172.473
227,000
270,000
361.000
135.124
1,328,140
191,000
35,159
61.565
22,950
.
brisk.
bushASlbs. bu.5Hlbs.
306,400
27 .142
20.000
320.150
258,081
16.227
47.690
635.270
25,600
394.0(H)
214,200
60,000
5.025
6,250
11,700
6,000
1,600
Same wk.'04_
Same wk.'03.
425.604
349.491
455,744
4,769,322
5,658,143
7,692.751
4.310,870
6,310.157
5,505,097
4,838,383
5.079,237
3,516.161
1,543,476
1.753,287
2.066.464
144,259
229.095
205,553
Since Aug. 1.
1905
1904
1903
2,201,551
1,880,107
1,937,880
31,785,244
33,569,454
28,038.892
21,733.761
19.379,622
22,366,034
33,602,230
33,022,799
20,797,647
4.429.348
3.840,935
4,611,056
732,119
917,580
943.470
Tot.wk.'05
Total receipts of flour and grain at the seaboard ports for
the week ended Sept. 9 follow:
Receipts at
Corn,
Flour, Wheal
busk.
bbls.
bvsh.
167,613 158,600
438,500
40.S91
217,997
43,604 128,962
76,571
07,341
98,706
49,553
4,100 12,822
17,432
28,920 24,000
27,450
7,035
16,100
3,200
43,200
168,200
24,992 112,400- 142,133
—
New York...
Boston
Philadelphia
Baltimore
Richmond
NewportNews
Mobile
NewOrleansa
Galveston
Montreal
_
Total week...
Week, 1904
Rye.
bush
19,500
1,050
28,564
7,090
20,000
38,000
114.669
..
34~2§i
69".66o
ol—
Flour
Wheat
Barley
Rye
com-
to j3ept. 9
1
1905.
7,524,001
1904.
12,077,872
1913.
14.428,204
1902.
14.230,007
bush. 19,756.288
72,924.220
38.081,901
4,838,544
387,590
31,521,781
38,409,468
31,272.093
2.2H8,288
568.380
70,072.487
74,859,120
88,634,791
12,648,628
34,297,685
1,510,803
2.507,834
bbls.
Corn
Oats
Totalgrain
3(1,854,557
2,452.297
3,345 744
135,988.543 104,010,010 187,584,205 139,599.801
several seaboard ports for the week
ending last Saturday are shown in the annexed statement:
The exports from the
Exports from
New York
Wheal,
—
bush.
bush.
Philadelphia
16,000
32.000
24,000
NewportNews
Mobile
27,450
4,680
52,149
213,000
NewOrleans
Galveston
Montreal
bbls.*
312,219
328,352
43.089
124.943
28,132
Baltimore
Flour,
Corn,
Boston
..
304,852
Total week
Oats,
bush.
•
43,770
5,492
22,345
31,674 200,000
28,920 60.000 20,000
7,035
3,038
4,596
2,036
10,537 38.994
50,045
& Ctl. America
West Indies
B.N. A. Colonies
Other Countries
—
Sept 9.
bbls.
96,546
14,011
8,369
28,043
3,354
4,524
July
1
1905.
Jul)
1
Sept. 9.
bush.
84,133
..
since
Corn"
Since
Week
1905.
bbls.
bush.
500,564 320,851 2,646,858
215,914
134,403
207,692
21,192
23,255
week and
— Wheat I
Flour
Since
Total
Total 1904
,
..404,984 1,105,882 154,847 792,250 39,381 79.312 2,998
61.601 19 439
Week
Sth.
Rye, Barley
Peas.
bush,
bush.' bush.
398,615 19,381 29,267 2.998
30,000
60,045
Same week 1904
230.956
553,778 106,860 30.578
The destination of these exports for the
July 1 is as below:
Exports for week
and since July 1 to
United Kingdom
Continent
through which they have recently passed. For spot goods
the demand continues as persistent as ever, and premiums
are easily obtained for anything like near-by deliveries, and
buyers will go to almost any lengths to secure small quantities of goods to fill their immediate and pressing needs.
Sufficient future business has been placed to guarantee the
full employment of machinery for some time to come, and
the activity in jobbing circles, together with the known small
stocks in second hands, insures a continued demand for goods
in the near future.
For this reason there is no inclination
on the part of sellers to grant concessions, particularly in
view of the very uncertain condition of the raw material
market. On the other hand it is felt that the discontinuance
of the speculative demand has checked the upward tendency
for the time being, and unless unexpected developments
should occur in the cotton market no further advances are
expected during the next few weeks.
No new export business of importance has been consummated, but inquiries are
continually being received, and it is the question of delivery
more than anything else that is preventing the filling of
orders.
The labor situation shows signs of amelioration as
the autumn advances, but so far the only result of this has
been to enable manufacturers to make up some of their lost
ground in the matter of deliveries. Spring dress goods have
been fairly active, but there has been less doing in the meii'<
wear woolen and worsted market.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Sept. 11 were 2,311
packages, valued at $193,510, their destination being to the
,
points specified in the table below:
1905Since
400,596 706.890 1,012,836 2,062.566 104,600 110,485
265,022 753,535
630,319 1,400,911 139,700 11,412
Total receipts at ports from January
pare as follows for four years:
Receipts
Oats
Barley,
bush,
bush
982,000 45,600
179,171
264,049
385,607
39,670
60,000
[Vol. lxxxi
977,580
Since
Week
Sept. 9.
bush.
730,337
274,123
55,150
35.070
5.600
5,602
July
1
1905.
busk.
5.297,222
5,018,690
92.259
290,776
31.217
13,424
•
154,847 1,103.020 404,984 3,624,438 1,105 882 10 743 588
106,860 1,340,377 230,956 4,420.338
553.778 51809,597
Week.
Great Britain
Other European
18
47
China
230
India
Arabia
Africa
West Indies
Mexico
Central America.
South America
Other Countries
Total
The value
Jan. 1.
891
646
92,908
9,973
18,474
Since
Week. Jan. 1.
15
813
15
596
1,871
6
2,555
35
7,945
1,006
30
150
21 ,552
348
344
428
367
2,052
12,397
40,704
12,733
207
761
321
2,311
220,275
34
69,199
4,893
14.857
8,071
13,899
1,610
10,089
36,578
15,124
6,477 175,536
New York
exports since January 1 has
been $11,838,150, against $10,597,355 the previous year.
of these
Heavy brown sheetings are well sold ahead and new business is not being sought by manufacturers, but drills are not
so well placed, and in some instances new orders for these
would be welcome. In some quarters it is expected that
Lightthese will shortly be forthcoming from exporters.
weight drills and sheetings continue in excellent demand
and near-by shipments are impossible. Some business has
been reported in 4.50-yard sheetings at full prices, but similar
weight drills are practically unobtainable at reasonable figBleached goods manufacturers are far behind in their
ures.
shipments and buyers are unable to fill their immediate
Wide sheetings, sheets and pillow cases are
requirements.
all in good demand and are very firmly held.
Ticks are very
strong, and with all coarse colored cotton goods sold far
ahead, manufacturers are in a very comfortable position.
Linings have again been advanced, but buyers continue to
operate with caution.
Both staple and fancy prints and
staple and fine grades of ginghams have been in fair request
and prices remain firm. Business in print cloths has not
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and been heavy, but purchases of narrow goods have been made
seaboard ports Sept. 9 1905 was as follows:
at full prices, and wide goods continue firm and in very
Wheat.
Corn,
Oats.
Rue.
Barley.
supply.
small
buh.
buhbu.'h
bufh.
buh.
New York
445.000
133.000
1,042,000
14.000
23,000
WOOLEN
GOODS.— The men's wear light-weight woolen
"
afloat..
.
Boston
lUf.OOO
114.000
worsted market has fallen into a period of quietness
and
Philadelphia
177,000
65,000
635,000
pending the commencement of the usual re-order, business.
Baltimore
343,000
66.000
73",666
508,000
New Orleans
.
92.000
71,000
It is true that certain jobbers have already placed some dupliGalveston
297,000
57~666
Montreal.
96,000
cate orders, but these so far have not been very numerous or
108.000
3b",666
Toronto
3,000
2,000
very large quantities. The orders that have been placed
for
Buffalo
212,000
USJOOO
642.000
314,000
60.000
"
afloat
...
in this way indicate no new features in the general trend of
165~666
Toledo
463,000
2,226,000
84~50O
"
opinion, having been for the most part for the same classes
afloat
Detroit
224,000
63 ,"666
88,000
ib8~666
The
of goods that have hitherto proved the most popular.
"
afloat
Chicago
position of woolens is still causing a good deal of speculation
o. 319.000
i,83b;666
3,417~660
92,000
1,000
"
afloat
.
and numerous predictions that this class of goods would
Milwaukee
171,000
78^666
198,000
28,000
106.000
"
afloat
.
show up better as the season advanced are still being voiced
Ft. William..
679.000
Further than this, it is now freely stated that the next fall
143,000
Pt. Arthur
Duluth...
111,000
4,000
299~666 season will show a marked revival in the popularity of these.
857,000
66,000
"
afloat
....
Minneapolis
818,000
73^666
910,u00
57.000
^9S.00u All this, however, is a matter for the future to decide, and
St. Louis
2.025.000
4,000
507,000
20,000
7,000 the fact remains that for spring wear worsteds have had
"
afloat
Kansas City
1,632,000
m'.ooo
130.0.0
much the better of the argument. The demand for cloakPeoria
11,0^0
86,000
1.260,000
1.000
l.oOo
ings and suitings is developing in a very satisfactory manner,
Indianapolis
452,000
76,'. u
60,000
1,000
On Mississippi River..
and a more than average business is indicated before the
392,000
On Lakes
1,74S~666
61,0.0
38s;6o6
16M66
In spring dress goods the demand for
On Canal and River.. 2^4.000
8„,i,00
2j,o00
95,000 season is over.
and
high-class
mohairs has been very good, and,
worsteds
Total Sept. 9 1905.-12,237,000
4,938,000 13,029.000
939,000 1,303,000
Total Sept. 2 1905-. 12, 140.000
4.615,000 11,946.000
848.000
942.000 as in the case of men's-wear goods, the position of woolens
Total Sept. 10 1904.-13,115,000
4,701,000 11,834.000 1,194.000 1,179.000
Broadcloths have been
is expected to improve later on.
ordered with some freedom, henriettas have been in fair de-
THE DRY GOODS TRADE.
New
York, Friday, Sept. 15 1905.
Somewhat quieter conditions have prevailed in the cotton
goods market during the past week, owing to a disinclination
on the part of buyers to operate so freely ahead as they have
done in the recent past. This is a condition, however, that
is causing sellers very little, if any, uneasiness, as it is regarded as a natural reaction after the very active period
mand, and
batistes,
voiles,
eoliennes and crepes are
all
proving good property. As far as colors are concerned, the
tendency is still towards grays with creams a good second.
FOREIGN DRY GOODS.— In imported woolen and
worsted goods, high-class mohairs have proved very popular.
Silks are steady and moderately active.
Ribbons are firm.
The improvement in linens is maintained and burlaps are in
moderate demand and unchanged.
.
——————— — —— — ——
Sept. 16 1905.
gtATt
—
——
————— — —
THE CHRONICLE
i
md
City
Bond Proposals and
Vtffinmm.
Negotiations
hare been as iollows
Akron, Ohio. Bonds
this
week
:
—
Authorized.
The City Council
has authorized the issuance of $8,000 additional Exchange
Street paving bonds.
Albion (N. Y.) Union Free School District. Bonds Not
Yet Ready For Issuance. -We are advised that no action
has yet been taken looking to tin- issuance of the $75,000 !
school-building bonds voted at the election held June 19.
Argentine, Kan.
Xo Action Yet on Bond Issue. According to our advices, the City Council has not as yet taken any
action looking to the issuance of the funding bonds mentioned in V. 80. p. 2474.
—
,
—
—
Arvonia Township, Kan.— Bonds Voted. This township
by a vote of 77 to GO recently authorized the issuance of
Shi .000 railroad-aid bonds.
Ashton, S. Dak. Bonds Defeated.
—
The election Sept.
the defeat of the proposition to issue $3,000
resulted in
—
1
i>-29
Assessed
$20,000.
Town Treasurer.
valuation
$687,935.
A.
C.
Bray
is
—
Bond Issue. The issuance of $18,330 41
Buffalo, N. Y.
1-year Department of Public Works bonds bearing date
Sept. 1 1905 has been authorized.
These bonds have been
awarded to the Hcrtel Avenue Outlet Sewer Sinking Fund
4%
an investment.
as
—
Bonds Voted. By a vote of 94 to 4 this
Camilla, Ga.
town on Sept.
authorized the issuance of $4,000 water and
$4,000 town-hall 6% bonds.
1
1
Carthage (Mo.) School District.— Bond Sale.— The $30,000
school-building bonds voted at the election held Aug. 9
have been sold to the Noel-Young Bond & Stock Co. of St.
Louis.
Denomination $1 ,000. Date Sept. 1 1905. Interest
semi-annually at the National Bank of Commerce in St.
Louis.
Maturity Sept. 1 1925, subject to call after Sept.
4%
1
1915.
Castana,
Iowa.
Bond
Offering.
— Proposals
will
be
re-
Sept. 21 by W. C. Newton, Village Clerk,
for $2,500
5-20-year (optional) coupon water-works
Denomination $100. Date Oct. 1 1905. Interest
bonds.
semi-annually at the office of the Treasurer. Certified check
for $150, payable to the Treasurer, required.
Bonded debt,
including this issue, $5,500. Assessed valuation 1905 $64,947
ceived until 2 p.
in.
5%
water-works bonds.
Augusta, Ga. Bonds Authorized. The issuance of $145,Charlottesville, Va.
Bond Election. An election will
000 4
25-year refunding bonds has been authorized.
be held Sept. 21 to vote on the question of issuing $135,000
This election was originally set for
Avard (Okla.^ School District. Bonds Voted. This reservoir bonds.
district on Aug. 17 by a vote of 57 to 13 authorized the Aug. 22, but the fact that the primary election was also
called for that day necessitated a postponement, as the
issuance of $3,500 building bonds.
Bonds Reg- laws governing primary elections and bond elections are in
Ballinger (Tex.^ Independent School District.
istered.
On Sept. 5 the State Comptroller registered an issue conflict.
Note Offering.
Chelsea, Mass.
Proposals will be received
of $20,000 5% 10-40-year (optional) school-house bonds
until 4 p. m. Sept. 18 by Thomas B. Frost, City Tresaurer,
dated Aug. 15 1905.
notes:
Bangor, Pa. Bonds Authorized. We are advised that an for the following
$40,000 4% notes. Date May 1 1905. Interest seml-annuallv on June 1 and
ordinance has been passed authorizing the issuance of the
Dec. 1. Maturity $10,000 yearly on Dec. 1 from 1906 to 1909 Inclusive.
15,000 4% notes. Date May 1 1905. Interest semi-annually on June 1 and
$30,000 building and bridge bonds mentioned in V. 81, p.
Dec. 1
Maturity $5,000 yearly on Dec. 1 from 190o to 1908 inclusive..
watei notes. Date July 1 1905
Interest semi-annually on June 1
10,000 4% water
573.
Maturity Dec. 1 1906and Dec. 1
Bartlesville, Ind. Ter— Bond Sale.— On Sept. 6 the
Accrued Interest to be paid by purchaser
$17,000 5% 20-year coupon sewer bonds described in V. 81,
Chicago (111.) Sanitary District. Bonds Awarded. The
p. 793. were awarded to John Nuveen & Co. of Chicago, for
$ 17.756 20, accrued interest and blank bonds free of charge. Finance Committee has awarded $250,000 of the $1,000,000
Bond Election. It is stated that this 4% bonds, bids for which were received on Aug. 30, to Weil,
Bassett, Neb.
place will vote on the question of issuing $8,000 water-works Roth & Co. of Cincinnati, at their bid of $1,400 premium.
The remaining bonds were awarded to the Home Savings
bonds.
Bank of Chicago, for $750 premium. The bonds awarded to
Beaufort County, N. C. Action on Bond Election Postthe Cincinnati firm mature $12,000 March 15 1907, $13,000
poned.
We are advised that the question of calling an elec- March 15 1908 and the same amounts, alternating each year,
tion to vote on the issuance of $25,000 court-house bonds
up to 1922 inclusive, $25,000 on March 15 1923 and also on
has been considered but that the matter has been postponed March 15 1924.
Our readers will note that the premium
—
—
(
[
—
—
—
—
—
—
—
indefinitely.
offered by the Cincinnati firm was $1,400 and not $14,000 as
Beaver Crossing, Neb. Bonds Voted. This village on reported in most other papers. For list of bids see page 860
Aug. 29 by a vote of 82 to 18 authorized the issuance of of last week's issue.
$2,500 water bonds.
Cleveland, Ohio. Bonds Authorized.
On Sept. 5 the City
Bedford, N. Y. Bonds Xot Yet Ready For Issuance.
The Council authorized the issuance of $23,000 4% coupon reTown Supervisor informs us that arrangements have not yet funding Sewer District No. 13 bonds. Denomination
been made for the issuance of the $80,000 4% road-improve- $1,000. Date Oct. 1 1905. Interest semi-annually at the
ment bonds described in V. 81, p. 682.
American Exchange National Bank, New York City. MaBee County (P. O. Beeville), Tex.— Bond Sale. This turitv Oct. 1 1920.
Bond Sale. The $23,000 4% coupon Sewer District
county, we are advised, has sold an issue of $1,990 bridge
No. 23 bonds offered but not awarded on Sept. 1 have
bonds.
been taken by the Sinking Fund Trustees. See V. 81, p. 521,
Bells (Tex.) School District.
Bonds to be Again Voted.
—
—
—
—
—
—
We
5%
are advised that the question of issuing the $10,000
school bonds originally voted at the election held July 26
must again be passed upon by the people.
—
—
Minn. Bonds Voted. Bond Offering. This
on Aug. 29 by a vote of 144 to 14 authorized the
Proposals
issuance of $10,000 5% 15-year funding bonds.
for these bonds will be received until 8 p. m. Sept. 25 by H.
W. Bailey, Village Recorder. Denomination $1,000. Date
Interest semi-annual at place to be named by
Sept. 1 1905.
Certified check for $150 required.
purchaser.
Beresford, S. Dak.—Bond Sale.—On Sept. 11 the $4,000
funding and $3,000 improvement 5% 5-20-year (optional)
bonds described in V. 81, p. 793, were awarded to L. E.
Goldsmith at 101.50 and interest. Following are the bids:
Bemidji,
village
L. E. Goldsmith
$7.105JS. A.
Minn. Loan & Trust Co., Mlnn'p'lls 7,0301
Kean
(less
1%)
par.
Bond
District.
10-20-year (optional)
On Sept. 12 the $S,500
Sale.
coupon funding bonds described in V. 81, p. 739, were awarded to F. E. Magraw of St. Paul for $8,775 and interest.
Beresford
—
Blaine
fS.
Dak. Independent School
5%
(Kan.)
School
—
Bonds Defeated. This
second time a proposition to
District.
district recently defeated for a
issue $3,000 school bonds.
Brookfield,
Mo.— Bond
Sale.—The
$3,600
5%
park-
registered on Aug. 25 by the State
Auditor, have been sold to the William R. Comptron Bond &
Mortgage Co. of Macon, for $3,666. Denomination $500
except one bond for $100.
Date Aug. 1 1905. Interest
January and July. Maturity Aug. 1 1925, subject to call
after ten years.
improvement bonds,
—
Brookings, S. Dak. Bonds Defeated. This city on Sept. 5
defeated a proposition to issue $30,000 Bewer bonds.
fl-.Buckland (P. O. Shelburne Falls
Mass. Bonds Authorized.
The issuance of $5,000 town-hall bonds has been
authorized.
Bonded debt of town, including this i.^sue
—
,
for description of bonds.
—
Cleveland Heights, Ohio. Bond Offering.
Proposals will
be received until 12 m. Sept. 26 by William G. Phare, Village Clerk, at Fairmount P. O. or at his office No. 402
American Trust Building, Cleveland, for the following bonds:
$51,306
9,139
coupon Fairmount
4H%
tions 1536-281
Boulevard improvement bonds. Authority secDenomination $1,000.
of the Revised Statutes of Ohio.
except one bond for $306. Date dav of sale. Maturity $5,306 on
Oct. 1 1907 and $5,000 yearly thereafter to 1916 inclusive, excepting
In 1912. when $6,000 will mature.
coupon Falrmonut Boulevard Improvement (village's portion
bonds. Authority sections 1536-213 of the Revised Statutes of Ohio.
Denomination $1,000. except one bond for $139. Date day of sale.
Maturity $139 on Oct. 1 1907 and $1,000 yearly thereafter on Oct. 1
to 1916 Inclusive.
4H%
Interest semi-annually on April
1
and Oct.
1
at the office
of the Village Treasurer.
Certified check, payable to the
Village Treasurer, for 10% of the amount of bonds bid for,
required.
Accrued interest to be paid by purchaser.
—
Clinton, Minn.
Bond Offering. Proposals will be received until 8 p. m. Oct. 2 by J. L. Erickson, President of
Village Council, for $6,000 5% water-works bonds.
Authority special election held June 6 1905, at which more than
Defive-eighths of votes cast were in favor of the bonds.
nomination $1,000. Interest semi-annual. Maturity 20
years.
These bonds were originally offered for sale on Aug.
26, but were not awarded, owing to fact that the issue had
not been properly advertised.
Cohoes, N. Y.
Bond Offering.—-Miller Hay, City Cham-
berlain, will sell at public auction on Sept. 23 at 12 m. $14,Authority
746 03
registered public-improvement bonds.
Interest
Chapter 227 Laws of 1898. Date Aug. 20 1905.
i-annually on Jan. 1 and Julv 1 at the office of the United
Maturity
Btates Mortgage & Trust Co. of New York City.
$823 03 on Aug. 20 1906 and $819 on Aug. 20 yearly there-
4%
from 1907 to 1923 inclusive.
Columbia, S. Q.—Bond Offering. -Proposals wjCU be received until 2 p. m. Oct. 2 by the City Clerk and Treasurer
£%
for $400,000 coupon water-works bond- of eith.r 1', or
after
1
I
THE CHRONICLE.
930
Denomination 360 bonds of SI, 000 each and 200
$500 each.
Date July 1 1905. Interest semiannual.
Maturity July 1 1945. Certified check for 4% of
the amount of bonds bid for required.
These bonds were
offered as 4 per cents on Sept. 1 but were not sold.
Columbus Grove, Ohio.— Bond Safe.—The $12,300 5%
street-paving bonds advertised to be sold on Aug. 29 were
interest.
bonds of
disposed of
to P. S. Briggs
&
Co. of Cincinnati at 105.081.
These bonds are dated Aug. 22 1905 and will mature $1,500
in 1915 and $1,200 each year thereafter.
The City Council
j^JConneaut, Ohio. Bonds Authorized.
on Aug. 14 passed an ordinance providing for the issuance of
Denomination $500. Date
$1,500 G% street-repair bonds.
Sept. 1 1905.
Maturity Sept. 1 1906.
Cooper (Tex.) School District. Bonds Voted. This district on Sept. 5 voted to issue $15,000 school-building
bonds.
Council Bluffs, Iowa.
MunicipallOwnership. The City
Council has passed an ordinance providing for municipal
ownership of the water works, either by purchasing the existing plant or by the construction of a new system.
Dallas, Tex.
Bond Election Not Yet Called. We are
advised that no election has yet been called to authorize
Early
the various bond issues mentioned in V. 81, p. 278.
action, however, is expected.
—
—
—
—
—
—
—
Bond Offering.
(P. O. Greenville),' Ohio.
Proposals will be received until 12 m. Sept. 29 by E. Culbertson, County Auditor, for the following bonds:
Darke County
5%
road-improveraent bonds.
Authority sections 4670-14 to 20 inclustvs
Annotated Statutes ol Ohio. Maturity $1,000 yearly on Sept. 29
from 1907 to
1912
Inclusive.
_
35,000 5% county-d tcb bonds. Authority Section 44S2 of Bates' Annotated
Statutes of Ohio. Maturity $12,000 on Sept. 29 in each of the years
190G and 1907. $7,000 on Sept. 29 1908 and $4,000 on Sept. 29 1909.
19,000 5% refunding: road-improvement bonds. Authority Section 2834A of Bates'
Annotated Statutes of Ohio. Maturity Sept. 29 1910.
$6,000
ol Bates'
All the above bonds are of the denomination of $500.
Date Sept. 29 1905. Interest semi-annual. Bids are to
be unconditional. Certified check (or cash) for $500, payable to the Board of Commissioners, required. Accrued
by purchaser.
interest to be paid
Dawson County
Montana. Bond Offering.
Proposals will be received until 10 a. m. Oct. 14 by
the Board of County Commissioners, at the office of R. L.
Wyman, Clerk, for $89,000 coupon refunding bonds at not
exceeding 5% interest.
Denomination $1,000. Date Nov.
1
1905.
Interest semi-annually 'in January and July.
Maturity Nov. 1 1925, subject to call after Nov. 1 1915.
—
(P. O. Glendire),
Certified check for $1 ,000,jpayable tojthe Treasurer|of|Dawson
Accrued interest to be paid by purchaser.
to furnish lithographed coupon bonds.
notice of this bond offering will be found among
County, required.
Successful bidder
The
official
is
Department.
the advertisements elsewhere in this
—
De Kalb County,
Ala. Bonds Defeated.
This county last
month defeated a proposition to issue $50,000 road bonds.
Dover, N. H. Bonds Authorized. The City Councils
have authorized the issuance of $60,000 3)^% 20-year highschool-funding bonds.
Denomination $1,000.
Interest
—
semi-annually in June and December.
Bond Offering. Proposals will be received
Dover", Ohio.
until 12 m. Oct. 7 by J. F. Defenbacher, City Auditor (P. O.
Canal Dover), for $5,000 5% 1-5-year (serial) water-works
bonds. Denomination $1,000. Date Oct. 1 1905. Interest
semi-annual. Accrued interest to be paid by purchaser.
Certified check for 10% of bonds bid for, payable to the Treasurer of the city of Dover, required.
Eaton, Ohio. Bond Sale. On Sept. 11 the $5,700 6%
1-10-year (serial) library bonds described in V. 81, p. 683,
were awarded to the Eaton NationaLBank at 110.052 and
interest.
Following are the bids:
—
—
—
—
Eaton National Bank
Preble Co. Nat. Bk.. Eaton
$6,273
6.259
Denison, Prior & Co., CI. & Bos 6,180
A. Kleybolte & Co., Cincin
6,156
Seasongood & Mayer, Cincin
6,141
Well, Roth &Co., Cincin
6,140
00 H. P. Smith. Lewisburg
$6,112 50
00 Sec.Sav. Bk. &Tr.Co.
6,105 00
Central
Tr.
Safe
50
&
Dep. Co.,Cin 6,079 05
50 W. R.Todd &Co., Cincin
6.075 00
W. J. Hayes & Sons, Cleve
6,029 00
Lamprecht Bros. & Co., Cleve.. 5,986 00
Bonds Registered. An
District.
75
00|
—
El Campo (Tex.) School
isuue of $5,000 5% 5-20-year (optional) school-house bonds
was registered by the State Comptroller on Aug. 24.
Elmwood Place, Ohio. Bids. Following are the bids
received Sept. 6 for the $1,500 5% 1-6-year (serial) water
bonds awarded, as stated last week, to the First National
—
Bank
of
Elmwood
Place:
Place. $1,540 00 Central Tr. & Safe Deposit Co. .$1,518 78
Atlas Nat. Bank, Cincinnati... 1,523 00 W. U. Todd & Co., Cincinnati.. 1,518 00
Prov.Sav.Bk.&Tr.Co., Cin.. 1,522 50
First Nat. Bk.,
Elmwood
—
[VOL. LXXXI
—
Pairview, Mich.
Bonds Voted. By a vote of 77 to 12
on Aug. 21 authorized the issuance of $25,000
this village
street-improvement bonds.
Fayetteville, N. C.
Bond Offering. Proposals will be
received until 12 m. Oct. 10 by C. B. McMillan, Mayor, for
either $75,000 or $100,000 5% coupon water-works and
sewerage bonds. Securities are dated June 1 1903, but will
carry interest from June 1 1905, earlier coupons being detached.
Denomination $500. Interest semi-annually on
June 1 and Dec. 1 at the Hanover National Bank of New
York City. Maturity June 1 1933. Certified check for
$1,000, payable to the Mayor, required.
Felton Township, McLay County, Minn. Loan to be Made
With State. We are informed that this township is negotiating a loan of $5,000 with the State at 4% interest.
Loan
is for road and bridge purposes.
Ferguson, Mo .—Description of Bonds. The 88,000 5'
20-year sewer bonds awarded on Aug. 22 to the William
Compton Bond & Mortgage Co. of Macon are in denomination of $500, dated Aug. 9 1905.
Interest semi-annual.
The price paid paid by the purchasers was 109.34, accrued
interest and blank|bonds. The following bidsjwere received:
W. R. Compton Bond & MortFrancis Bros. & Co., St. Louls_/!$8.440 00
gage Co., Macon
8,747 20 W. J. Hayes & Sons, Cleve
A8.367 00
Mercantile Trust Co.. 8t. Louis 8,720 80 A. O. EdwardB & Sons BrokerN. W. Harris & Co., Chicago. _ft8,645 00
age Co
8.316 36
Wernse
Dieckman. St. LoulsA8,640 00 Tr.Co.of St. Louis, Clayton... 8.240 00
8.600 00 John Nuveen & Co. .Chicago. _.d8, 104 00
Whitaker & Co., St. Louis
Noel-Young B. A S. Co..St.L._ft8,480 00 Miss. Valley Trust Co., St.Louis 8.025 00
—
—
—
<fe
a Accrued interest and blank bonds,
d
And blank bonds
accrued interest.
Franklin ville, N. Y.
received until
6p.m.
Bond
Offering.
A
And
will
be
free of charge.
— Proposals
by R. L. Curtis, Village Clerk,
and fire-department-building
Sept. 26
for $2,000 4% village-hall
bonds.
Denomination $500. Date Oct. 1 1905. Interest
March and September at the office of the Village Clerk. Maturity $500 yearly on Sept. 1 from 1911 to 1914 inclusive.
Certified check for 2% of the bid, payable to the Village
Clerk, required. Bonded debt, not including this issue, $12,000.
Assessed valuation 1905, $600,000.
Bond Offering. ProGainesville (Fla.) School District.
posals will be received until 6 p. m. Oct. 15 (this date falls on
Sunday but it is so given in the advertisement) by Chris.
Matheson, Secretary Educational Bond Trustees, for 850,000
5% coupon bonds. Denomination $1,000. Date Sept. 1
Maturity $20,000 in ten years,
Interest semi-annual.
1905.
$15,000 in twenty years and $15,000 in thirty years. Certified check for 3% of bonds bid for required.
Bonds Voted. This place by a vote
Garrettsville Ohio.
of 271 to 19 recently authorized the issuance of 840,000
water-works bonds, 'according to reports.
Geneva, N. Y. Bonds Proposed. We are informed that
the issuance of $6,000 public-playground bonds is being considered, but that nothing as yet has been determined regarding the description of these bonds.
Georgetown, Ky. Bond Offering. Proposals will be received until 3 p. m. Oct. 2 by the City Council for $25,000
4% sewer bonds. Denomination $500. Interest semiMaturity
annually at the Farmers' Bank of Georgetown.
$1,000 in even and $1,500 in odd years from 1906 to 1925
Bonds are exempt from municipal taxes. Bonded
inclusive.
Assessed valuation
debt, including this issue, $39,000.
These
Certified check for $500 is required.
$1,834,847.
bonds, but differing somewhat in detail, were offered without
J. W. Keller is Mayor.
success jonjAug. 1.
—
—
,
—
—
—
—
Glendale, Hamilton County, Ohio. Bond Sale. The
$4,000 4% 5-12-year (serial) street-improvement and the
$4,000 4% 5-12-year (serial) sewer bonds offered on Sept. 4
have been awarded to the Cincinnati Trust Co. at 100.625
and interest. See V. 81, p. 629, for description of bonds.
The following bids were received:
Cincinnati Trust Co., Cincin... $8, 050 00 Central Tr. & Safe Dep. Co. (for
$4.020 02
street bonds)
8.050001
Weil Roth & Co., Cincin
Season good & Mayer, Cincin. .- 8,042 50] Prov. Safe Dep. <fc Tr. Co., Cin. 8.000 00
1
Gloster, Miss.
until Oct. 15
by
—
Bond Offering. Proposals will be received
C. E. McLain, Mayor, for $5,000 20-year
bonds at not exceeding 5% interest.
Grand Rapids, Mich. Bonds Proposed. The issuance of
$120,000 4% sewer bonds is being considered.
An election will
Grangeville, Idaho. Bond Election.
be held Sept. 19 to vote on the question of issuing $30,000
10-20-year (optional) coupon water-works bonds at not
Denomination $1,000. Interest
exceeding 5% interest.
—
—
semi-annual.
—
Greenwood, Wis. Bonds Voted. This place on
18 voted to issue $15,000 electric-light-plant bonds.
Aug.
Ephram, Utah. Bonds Not Yet Sold. No sale has yet
Grenada, Miss. Bond Sale. On Sept. 4 an issue of $30,been made of the $12,000 6% 10 and 20-year electric-light
000
5% water, light, sewer and street-improvement bonds
bonds mentioned in V. 80, p. 1986. The Mayor and City
DenomCleveland.
Council will entertain bids for these bonds at any time. was awarded to F. L. Fuller & Co. of
Interest semi-annual
1
1905.
Nov.
Date
$500.
ination
James Frost is City Recorder.
Maturity Nov. 1 1925, subject to call after Nov. 1 1910.
•• Erie,
Pa. Bond Election Proposed. The question of
Bond Election. We
Halletsville (Tex.) School District.
submitting a proposition to issue $250,000 sanitary bonds to
a vote of the people at the spring election next February is are informed that the election to vote on the question of
being considered. A similar proposition was submitted to a issuing the school-building bonds mentioned in V. 81,
vote at a former election but was defeated.
p. 2416, will be held probably some time in October.
Harrington, Wash. Bond Election. An election has been
Fairmont, Minn. Bonds Defeated. This city has voted
against the proposition to issue $18,000 5% water and light- called for Oct. 14 to vote on the question of issuing $23,000
bonds to purchase the water plant.
plant bonds.
—
—
—
—
—
:::::::
'
—
—
>
—
Hartford
<m
THE CHRONICLE
Sept. 1G 1905.
(ComO
South School District.
— Bond Sale. — On
Sept. 12 the 1200,000
50-year school bonds described
n V. SI, p. S61, were awarded to tin- Aetna Life Insurance
Co. of Hartford at par and accrued interest.
Hattiesburg, Miss. Bonds Proposed. The City Council
is considering the question of issuing about $100,000 bonds
T
;
_>
'
|
—
—
paving and for water-works and sewer improvements.
The City Council
Hazlehurst, Miss. Bonds Authorized.
has authorized the Issuance of §10,000 5% 5-20-year (opDenomination $500.
tional) school, water ami light bonds.
Date Oct. 1 1905. Interest annual.
Hollywood, Cal.— Bond Sale— On Sept. 6 $15,000 5%
1-15-year (serial) bridge bonds were awarded to the Hollywood National Bank for $15,786. Denomination $1,000.
Date July 1 1905.
Holyoke, Mass. Bond Sale. On Sept. 7 the $75,000
school and $30,000 lighting-plant 3J^% bonds mentioned in
V. SI, p. 6S4, were sold at private sale to R. L. Day & Co. of
Boston at 100.097 and interest. Securities are dated Sept.
1 1905 and will mature $7,000 yearly on Sept. 1 from 1906 to
1920 inclusive. Interest semi-annual.
Hope (Ind.) School District. Bond Election. It is stated
that an election will be held in this district to vote on the
question of issuing $7,000 school-building bonds.
Hubbeli, Mich. Bond Election. A special election, it is
stated, will be held in this village to vote on the question of
issuing bonds for water purposes.
Hull, Quebec.
Bonds Authorized. The issuance of $45,000 5% water-works bonds has been authorized. Denomination $1,000.
Date Nov. 1 1905. Interest semi-annually
Maturity Nov. 1 1934. Date of sale not yet dein Hull.
termined. Bonded debt, including this issue, $912,100; floating debt $31,000.
Assessed valuation $3,355,623.
Huntington, Cabell County, W. Va. Bond Election. An
election will be held Oct. 2 to vote on the question of issuing
$55,000 street-paving and $45,000 sewer 5% 20-30-year
(optional) bonds.
Denomination $100 or mulitiple thereof.
Interest annually at the office of the City Treasurer.
for street
—
—
—
—
—
—
—
—
—
—
—
—
—
to
1910, inclusive.
Certified check on a Lakewood or
Cleveland bank for 10% of bonds bid tor, payable to the
Pusehaser
Treasurer of the village of Lakewood, required.
must pay accrued interest
Bona Offering. Proposals will be received until 12 m.
Oct. 2 by Henry J. Sensel, Village Clerk, for $18,000 5%
coupon street-improvement bonds.
Denomination $1,800.
Date Oct. 2 1905. Interest semi-annually at the CleveMaturity $1 ,S00 yearly on ( >ct 2 from 1906
land Trust Co.
Certified check on a Lakewood or Cleveto 1915 inclusive.
land bank for 10% of bonds bid for, payable to the TreasPurchaser must
urer of the village of Lakewood, required.
pay accrued interest.
Lauderdale County (P. O. Meridian), Miss. Bonds Proposed.
The Board of Supervisors is considering the question
The matter will come up at
of issuing $100,000 road bonds.
the October meeting of the Board.
.
—
.
—
—
Lawrence County,
Dak.
S.
—Bonds
Voted.
—The
election
a vote of 2,215 to 527 in favor of the
proposition to issue $25,000 additional court-house bonds.
Aug. 29 resulted
in
Lincoln, Neb.—Bond Sale.— On Sept. lithe $50,000 4%
refunding bonds described in V. 81, p. 862, were awarded to
the Security Investment Co. of Lincoln at 101 and accrued
Following are the bids:
interest.
98.50
Security Investment Co., Ltnc'nalOl.OO W. R.Todd & Co.. Cincin
98.23
K. H. Rollins & Sons, Chicago.. alOO.639 Hoehler & Cummings, Toledo
al00.374 Security Sav. Bk. & Tr. Co., Toledo94.50
Snltzer & Co.. Toledo
alOO.141 John Nuven & Co. .bid tor i%% bonds.
Kountze Bros., New York
And
a
accrued Interest.
—
Live Oak School District, Santa Clara County, Cal.
Sale.
This district on Aug. 8 awarded an issue of
$10,000 5% building bonds to D. M. Burnett for the San
Denomination $1,000.
Jose Safe Deposit Bank at 106.751.
Date Aug. 14 1905. Interest annually on Jan. 1. Maturity
$1,000 yearly on Aug. 14 from 1911 to 1920 inclusive.
Lockport, N. Y.—Bond Sale.— On Sept. 11 the $9,000 4%
building bonds maturing $1,000 yearly on Jan. 1 from 1908
to 1916 inclusive were awarded to the Amsterdam SaA'ings
Bank at 101.83. The following bids were received:
Amsterdam Savings Bank
$9,164 70|Geo. M. Hahn, New York
S9,05b 75
Isaac W. Sherrill, Toughkeepsle 9,105 30 Myron W. Greene, Rochester.. 9,016 00
9.067 50|Farmers' & Mech. Sav. Bank.. 9.011 20
S. A. Kean, Chicago
—
Bond
—
Iron Mountain, Mich. Bond Election Not Yet Called.
are advised by the City Clerk that no action has yet been
taken to call an election to vote on the question of issuing the
$50,000 street-improvement bonds mentioned in V. 81, p.
Lompoc School District, Santa Barbara County, Cal.
Bond Sale. On Sept. 5 the $4,500 4}/£% gold coupon school
bonds described in V. 81, p. 794, were awarded to Geo. S.
Edwards at 100.511 and interest. Following are the bids:
629.
Geo. S.Edwards
We
—
—
Isabella School District, Kern County, Cal.
Bond Sale.
On Sept. 8 $1,500
4-year school bonds were awarded to
Denomination $500.
the Bank of Bakersfield at 105.266.
Interest annually on Sept. 2.
The following bids were
received:
Bank of BakersQeld
$1.579 00 W. F.Johnston, Los Angeles.. .$1,557 60
W. R. staats Co.. Pasadena... 1,56150 Oakland Bank ot Savings
1,556 00
7%
First Xat.
Bank. Bakersfield... 1,561 00
—
Bonds Defeated. We are informed
that the proposition to issue bonds for a court-house was
badly defeated at the election held Aug. 29.
Kerkhoven, (Minn.) School District. Bond Sale. On
Sept. 1 this district sold at par to the State of Minnesota an
issue of $4,500 4% 20-year school-house bonds.
Denomination $900. Date Sept. 1 1905. Interest annually in July.
Jones County, Ga.
—
Zissimmee, Fla.
—
15 this
Co. of Cincinnati an issue of $5,000 6%
street-improvement bonds at par and blank bonds free of
charge.
Denomination $500. Date Sept. 5 1905. Interest
annual.
Maturity Sept. 5 1915.
&
—
—
Lafayette County, Mo. Bond Sale. An issue'ofJ$l,777 97
6% 2 & 3-year Drainage District No. 1 ditch bonds, bearing
date Sept. 11 1905, was awarded on Sept. 11 to J. R. Clark
at par.
Lake County
Crown
(P. O.
Point), Ind.
6%
—Bond Sale. — On
drainage bonds were awarded to the First
at par. Denomination $652 25. Date Sept.
6 1905.
Interest January 1 and July 1.
Maturity one
bond yearly on Jan. 1 from 1908 to 1911 inclusive.
Bond Sale.— On Sept. 9 the $12,475
Center Township gravel-road bonds described in V. 81, p. 862, were awarded to John Brown of Crown Point at par. Securities mature
one bond of $311 88 each six months from May 15 1906 to
Nov. 15 1925 inclusive.
Sept. 5 $2,609
National
Bank
4^%
—
Two
Harbors), Minn. Bond Offering.
Proposals will be received until 10 a. m. to-day (Sept. 16)
by John P. Paulson, County Auditor, for $45,000 bonds at not
Denomination $1,000. Interest
exceeding 5% interest.
Maturity $5,000 in 15 years, $10,000 in
semi-annually.
These
16, in 17, in 18 and in 19 years after date of issue.
bonds were originally advertised for sale Aug. 15 bul an error
As
in the former publication necessitated a new offering.
d two weeks ago they are to be purchased by the State.
Lake School District, Monterey County, Cal. Bond Sale.
"I'd
On Sept. 6 $1,200 H bonds of this di8tric1 Wi
Deto the Fir-t National Bank of Salinas for $1,284.
nomination $200. Date Sept.l 1905. Interest annual.
Lakewood, Ohio. Bond Offering. Proposals will b
ceive-i m. til 12 m. Sept. 27 by Henry J. Sensel, Village Clerk,
unties will !>'• dated day of
for $1,500 5% water bond
sale.
Denomination $300. Interest semi-annually on April
15 and Oct. 1")
Maturity $300 yearly on Oct. 15 from 1906
—
Lake County
(P. O.
—
$4, 523
1
W. F.Johnston
$4,536
Bonds mature $1,000 yearly on Aug. 7 from 1906
inclusive and $500 Feb. 7 1910.
—Bonds
—
Voted.
This city on Sept. 7 by
a vote of 10,693 to 754 authorized the issuance of $1,500,000
bonds for water purposes. These bonds were voted "for the
purpose of acquiring lands, water rights, rights of way and
other property, and of constructing ditches, canals and other
water-works necessary to provide the city with a water supply
in the Owens River Valley, in the county of Inyo, State of
California.
The issue just authorized is to inaugurate the
work, it being estimated that the project eventually will cost
Los Angeles, Cal.
—
—
a vote of the people.
5%
Madison, Wis.—Bond Sale.— On Sept. 8 the $19,500
4-13-year (serial) curbing bonds described in V. 81, p. 741,
were awarded to Trowbridge & Niver Co. of Chicago at
103.236 and interest. The following bids were received:
Trowbridge & Niver Co.. Chlc.$20,131 00| Farson. Leach & Co.. Chicago. $19,901 00
N. W. Harris & Co., Chicago.. 20,068 00 W. J. Hayes & Sons, Cleve... 19,894 00
E. C. Stanwood & Co.. Boston 20,018 70 N. W. Halsey & Co.. Chicago. 19,833 45
Rudolph Kleybolte & Co., Cin. 20,012 00 J. M. Holmes, Chicago
19,695 00
E. H. Rollins
Sons, Chicago 20,001 15 W. R. Todd & Co., Cincinnati. 19,600 00
Chas. H. Coffin Chicago
19 941 001 Edwin C. Benedict New York 19 500 00
<fc
Manchester (Iowa) School District.
—Bonds
— On
ance of $3,500 bonds.
not yet determined.
of 42 to 4 authorized the issuFull details of issue and date of sale
—
—
Mangum, Okla. Bond Election. We are advised that
the election to vote on the question of issuing the $10,000
6% 30-year water and fire-department bonds mentioned in
V. 81, p. 685, will be held on Sept. 26.
Martins Ferry, Ohio. Bond Election. At the coming
election Nov. 7 the question of issuing $50,000 building
bonds will be submitted to a vote of the people.
Marysville, Ohio. Bonds Authorized.
On Aug. 11 the
Village Council passed ordinances authorizing the issuance of
tin- following
coupon-improvement bom
S2.000 4H r N'orth Maple street Improvement bonds.
Mai
—
—
—
—
4%%
:
; South Maple Street Improvement bonds.
5,500 4J*% South Court Street Improvement b
i
Matui
..
'
7,000
1933 and $2,500 on Aug. 15 1934.
'ihlrd'sfrciriiiiiinivcmciit bonds.
and 15,000 on Aug. Id 1935.
4!-j'
,
-emi-atmuallv
at
HI
Trustees
Marysville.
Denomination $500.
a1
the office of
Date
l->
tl
of securities
Mercer, Pa.—Bonds Voted.
By
borough on Sept. 5 authorized th
10-20-year (optional) paving bond-.
II.
Mil.'.
Maturity $2,000
',
—
Voted.
by a vote
Sept. 11 this district
1
—
to 1909
upwards of twenty millions of dollars.
Macon, Ga. Date of Bond Election. Oct. 3 has been
fixed upon as the day on which the proposition to issue
place sold $75,000 4% street-improvement bonds will be submitted to
—Bond Sale. — On Aug.
to Albert Kleybolte
—
a
Aug.
16
1905.
vote of 270 to 27 this
Ohio; School District
Aug. 10 resulted In favor of
'
"""
''<
Miamisburg
Th«- election
tl
proposition to
THE CHRONICLE.
932
$50,000 school-building bonds. Date of sale and
other details have not as yet been determined upon.
Middleport, Ohio. Bonds Authorized. The Village Coun1-10-year
cil has authorized the issuance of $5,000 4 l
Denomination
(serial) coupon street-improvement bonds.
$500. Date Sept. 1 1905. Interest semi-annually at the
office of the Village Treasurer.
Midland, Mich. Bonds Voted. This place, it is stated,
has voted to issue $15,000 sewer bonds.
Monrovia, Cal. Date of Bond Election. Oct. 11 has been
fixed upon as the date on which the propositions to issue
$18,000 park and library-site and $8,000 city hall bonds
will be submitted to vote of the people.
ProMonticello (Ky.) School District. Bond Offering.
posals will be received until 8 p. m. Sept. 21 by J. A. Patton,
Secretary Board of Education, for $10,000 5% 20-year bonds.
Date, Sept. 21 1905. Interest semi-annual.
Morgan County (P. O. Madison), Ga. Bond Offering.
Proposals will be received until 12 m. Oct. 10 by the Board of
Commissioners of Roads and Revenues, K. S. Anderson,
gold Court House bonds.
Chairman, for $40,000
Securities were authorized by a vote of 888 for and 5 against.
Denomination $1,000. Date Oct. 10 1905. Interest semiannually at New York City. Maturity yearly on Oct. 10
$1,000 from 1916 to 1920 inclusive, $2,000 from 1921 to 1930
inclusive, $3,000 from 1931 to 1934 inclusive and $3,000
Oct. 9 1935. Certified check for $1,000 on some bank in
Georgia required. Assessed valuation for 1905 $3,713,344.
Real valuation estimated at $6,000,000. Blank bonds to be
furnished by purchaser.
Morgan County, Mo. Bonds Defeated. We are advised
that the report that this county had authorized the issuance
of $8,000 jail bonds is not correct, as the proposition failed
to carry by 84 votes at the election called for the purpose.
Morganton (N. C.) Graded School District. Bond Sale.
issue
—
A%
—
—
—
—
4^%
—
—
On
Sept.
Nuveen &
1 this district awarded at private sale to
school bonds
Co. of Chicago the $15,000
5%
John
men-
Denomination $1,000. Date July
tioned in V. 81, p. 795.
Maturity July 1 1945.
Interest semi-annual.
1 1905.
Moultrie, Ga. Bond Election.— We are informed that
the election which was to have been held Aug. 28 to vote
on the question of issuing $30,000 5% sewer bonds did not
take place, having been postponed.
Mount Vernon, Ohio. Bonds Authorized. The City
Council on Aug. 14 passed an ordinance providing for the
issuance of $28,000 6% coupon East High Street improvement bonds. Denomination $2,800. Date Sept. 1 1905.
Interest semi-annually at the office of the City Auditor
Maturity $2,800 yearly on Sept. 1 from 1906 to 1915 in-
—
clusive.
—
Munhall (Pa.) School District. Bonds Voted. This
district on Aug. 29 by a vote of 53 to 9 authorized the issuance of $15,000 building bonds and by a vote of 45 to 11
the issuance of $10,000 funding bonds.
Muskegon Heights, Mich. Bond Sale. The. City Council on Aug. 7 1905 authorized the issuance of $1,300 6%
2-year Peck Street paving-assessment bonds, dated Aug. 1
1905.
These bonds have already been sold.
Nashville, Tenn. Bond Election. The City Council has
passed an ordinance providing for an election to vote on the
question of issuing $300,000 high-school bonds.
Nelson, Neb. Bonds Defeated. This place recently defeated a proposition to issue $2,700 bonds for a park. The
vote was 73 for to 62 against, three-fifths being necessary to
authorize
Newark, N. J.—Bond Sale.—On Sept. 14 the $250,000
40-50-year (optional) track-elevation bonds described
in V. 81, p. 863, were awarded to Frederick Frelinghuysen of
Newark, at 102.25, while the $250,000 2\i% 40-50-year
(optional) school bonds were disposed of to Joseph Walker &
Sons of New York City ,at 101.576.
New Castle County (P. O. Wilmington), Del. Bond Sale.
On Sept. 12 the $75,000 4% 20-year refunding bonds were
awarded to N. W. Harris & Co. of New York City at 103.397
and interest and the $65,000 4% 25-year improvement
bonds to F. D. Lackey & Co. of Wilmington at 104.09 and
interest.
Following are the bids:
—
—
—
3M%
—
N. W. Harris &
Co.,
$75,000
$05,000
Bonds.
Bonds.
$77,548 25 $67,295 15
77,152 50 67,658 50
77,085 00 67,086 50
76.575 00 66,560 00
New York
F.D. Lackey &Co., Wilmington...
Security Trust * SafeDep. Co., Wilmington
Equitable Guarantee & Tr.Co., Wilmington
See V. 81, p. 863, for description of bonds.
Grove, Neb. Bonds Not Yet Sold. No sale has
yet been made of the $6,000 5% 5-20-year (optional) light
bonds offered without success on Aug. 24.
Newmarket, Ont. Debenture Sate. On Sept. 5 $6,000
an d $4,000 4% debentures were awarded to the Dominion Securities Corporation for $9,971 and accrued intSecurities will mature part yearly for twenty years.
erest.
Newnan, Ga. Bonds Voted. On Sept. 4 by a vote of 223
to 10, this place authorized the issuance of $3,000 5% schoolhouse bonds.
—
Newman
—
4H%
—
Newport, Ky.
Bond
Election.
—The
proposition to
issile
$50,000 electric-light-plant bonds, mentioned in V. 81 p. 630,
will be submitted to a vote at the general election Nov. 7.
,
Vol..
LXXXl
—
New Ulm, Minn. Bond Sale. The $30,000 sewer bonds
voted at the election held July 18 1905 have been sold to the
Citizens' Bank of New Ulm.
Niagara Falls, Ont. Debenture Sale. On Sept. 11 the
$6,962 62 5% permanent-walk and the $10,022 37 5% sewer
debentures described in V.81, p. 795, were awarded to
Gundy & Co. of Toronto. The following bids were re-
—
ceived:
Wood, Gundy 4
Bank of Hamilton
$17,818 38
Canadian Securities Corporat'n 17,665 00
18,159 00 Geo. A.Stlnson 4 Co.. Tor'n'o 17,452.00
Co.. Toronto. $18, 233 00
18,177 00
Securities Corp
Dominion
W. C.
Brent, Toronto
Ontario Security Co
17.885 00[
—
Norfolk County (P. O. Dedham), Mass. Bids Rejected.
on Sept. 12 for $20,000 3J^% notes maturing July 1 1920 were rejected.
North Platte, Neb. Bond Offering. Proposals will be
received until 6 p. m. Oct. 3 by Charles Samelson, City
Clerk, for the $30,000 4% coupon main-sewer bonds, which
were offered but not sold on May 25 and again on Aug. 1.
Authority, Article 1, Chapter 14, Compiled Statutes of
All bids received
—
Denomination $1,000. Date April 1
for 1903.
Interest semi-annually at the Nebraska fiscal agency
Maturity April 1 1925, subject to call
in New York City.
April 1 1910.
The city has no bonded or floating debt at
present.
Assessed valuation 1904 $466,433 48; real value
about $2,332,167 40. Bonds were authorized by vote,
418 to 161, at election held Jan. 3 1905.
Nebraska
1905.
North Providence (Town), R.
posals will be received until 12
Town
m,
I.
Oct.
—
Bond Offering. Pro4, by J. C. Collins Jr.,
Room
No. 14, 75 Westminster Street, Providence, for the $65,000 4% gold coupon funding bonds auDethorized at the special town meeting held July 22.
nomination $500. Date Oct. 1 1905. Interest semi-annuMaturity
ally at the Industrial Trust Co. of Providence.
Oct.
1
Solicitor,
1935.
Bonded debt, including
this issue, $115,000.
bond offering will be found among
the advertisements elsewhere in this Department.
Norwich, Conn. Bond Sale. Blair & Co. of New York
City have been awarded at private sale $430,000 4% 25-year
bonds. Denomination $1,000. Interest semi-annual.
Oneida Irrigation District, Idaho. Bond Offering. Proposals will be received until 12 m. Sept. 22 by the Board
of Directors, Arthur W. Hart, Secretary, at their office in
Preston, for $145,000 1% coupon district bonds. ^Authority
All proceedings looking to the
Irrigation Laws of Idaho.
organization of this district were declared legal by the District
Court on Oct. 20 1902. Denomination $500. Date Oct. 1
Interest semi-annually on Jan. 1 and July 1 at the
1905.
Maturity of bonds
First National Bank of Logan, Utah.
The
official notice of this
—
—
as follows:
At the expiration of 1 1 years
At the expiration of 12 years
At the expiration of 13 years
At the expiration of 14 ye^rs
At the expiration of 15 years
Accrued interest to
is
5 per cent
6 per cent
7 per cent
8 per cent
9 per cent
At the expiration of 16 years. .10
At the expiration of 17 years. .11
At the expiration of 18 years. .13
At the expiration of 19 years. .15
At
per
per
per
per
the expiration of 20 years. .16 per
be paid by purchaser.
cent
cent
cent
cent
cen t
—
Orange County (P. O. Paoli), Ind. —Bond Sale. It is
stated that on Sept. 4 an issue of $9,300 4J^% gravel-road
bonds was awarded to the Orange County Bank of Paoli
at par.
Osage City, Kan.- Bonds Voted. This city on Sept. 5
voted to issue $20,000 railroad-aid bonds.
—
—
Perry School District, N. Y. Bonds Voted. On Aug. 15
of 269 to 214 this district authorized the issuance
Details of issue and date
of $50,000 school-building bonds.
of sale not yet determined.
Temporary Loan. This city has borPittsfield, Mass.
rowed $10,000 for one year at 3.65%.
Pleasant Hill Township, Cass County, Mo. Bonds to be
Issued.—This township will issue $18,000 4J^% 5-20-year
(optional) bonds to refund the $18,000 5 per cents called
by a vote
—
for
payment Aug.
1.
Denomination $1,000.
Date Aug.
1
Interest semi-annual.
1905.
Polk County (P. O. Des Moines), Iowa.
Bonds Defeated.
bond propositions submitted to a vote on Aug.
—The three
The vote was as follows:
defeated.
22 were
$80,000 jail bonds. Vote 1,579 for, 2,102 against.
25 000 jail-site bonds. Vote 1,524 for, 2,137 against.
35^000 court-house-heating and lighting-plant bonds.
against.
Vote
1,753
for.
1,956
—
Portage, Wis. Bond Election. The City Council has decided to hold an election to vote on the issuance of $60,000
bridge bonds.
A committee has been
Prosser, Wash. Bonds Proposed.
appointed to investigate into the advisability of issuing
bonds for a sewer system.
Randolph, Neb. Bond Offering. Proposals will be received until 12 m. Sept. 20 by J. N. Kuhl, City Clerk, for
Authority, vote 172 to 25 at eleclight bonds.
$9,000
Denomination $500. Date Sept. 1
tion held July 11 1905.
Interest annually at the State Fiscal Agency in New
1905.
York City. Maturity Sept. 1 1925, subject to call after
Bonded debt, including this issue, $21,300.
Sept. 1 1910.
Assessed valuation $195,000; real value about $1,200,000.
—
—
4%
District, York County,
district recently defeated a
Red Lion School
feated.
—This
issue $25,000 building bonds.
Pa. Bonds Deproposition to
——
—
— —
,
— On- Sept.
12 the Albany
successful bidder for the
registered fire-alarm and the $10,424 52 1%
$6,431 16
The
registered paving bonds described in V. 81, p. 796.
bids received were as follows:
Rensselaer, N. Y. Bond Sale.
Exchange Savings Bank was the
4%
Albany Esrhsnee Sav. Bank
Geo. Xl.Hahn. Now York
$6,431 16
Homls.
*6. 460 83
6.433 09
6,432 45
-
Sous. Cleve
$10,424 52
Hondx.
{0.497 36
U
43
0.42,
10.4,
1
—
Royalton Township, Ohio. Bonds Voted. The election
Sept. 2 resulted in favor of the proposition to issue $13,125
highway bonds, the vote being 161 for to 31 against.
—
Ringgold County (P. O. Mount Ayr), Iowa.
Bond
Sole.
N
awarded, as stated
Pasadena:
00
80
00
00
00
Public notice In Verebv eiven that sealed pr popals
will be received by ioe Bn«rd of County Coiliius
nloner* of Dawson Count*, Montana, up to K' o'clock
a-ni on the 4TH uAY OH OCTOBE » A.D lwO.s. «t
ountv C erk of said Count',
the office >>t the
(ilendtve. Montana, f r the »ale of (*»> eighty nine
thousand ($l.0b< ) cellars
each, r>eann« n t to exceed t>% interest, pavible
the
mouths
annually
In
<t January and July,
•etui
bond and l< terest paya-< e at op i. n of purchaser
redeemable a"er N.vemer 1st. 1915, pav nble No.
coupon bonds
one
of
Th»- proceeds of the sale of »uch
to redeem (39) 'tarty-nine bridge
6 per cent courxit. bonds, of the' Issue of July 1st.
ember 1st, iw26
bonds to be used
I8f5 ano (5- ) Dfty lundinu n per ce-t coupon bunds
of the issue of Notemcer 1st. IM'5.
Bonds to oe sold at not less than th^r par value
with accrued it terest t< m Nmemb-r 1-t 1606, to
da'e of de iv.r», and to tie person offering the
nighest price therefor and Hcceptmg ids same at
the lowest rate "f iDterest. The >ucce=s.'ul bidder
to fun i-n litb' graphed coupon bonds.
Bach bid shall be ace mpanied br a certified check
in the sum f ($i.OOJ) on« thousand do ars pxyable
County, which s>a d
to the Tr«-a."«ur«-r of Dawso
sum s to te forfeited by the b dder in the e»ent he
sbou'o be a WHided s od bonds at the open rig of the
bide f r U e same by the board and should fail to
convple e ihe nnrchase t ea d bonds.
The hoard reservi s the right to reject any and all
T>e town
—
LOANS.
R.
North Providence, R.
will
issue
DAY &
L.
one
86 Congress Street,
BOSTON.
bund ed and thirty UHu) coupi n bonds of Fire
Hundred Dollars each, dated October 1st, 10<6,
due October l-t, in
interes pa abl-* semi-an-
BOSTON
STOCK EXCHANGES.
m
i
estate
8<!6,8l?0 no.
total
i ere. rial
rate of taxation tl2.no per flOflO'O.
town
iu 1>00, S.oie. in 1905 about
P> pulation of the
8.;00. Net " ndeiiteonees of the town March bth,
STATE, MUNICIPAL AND HIGH GRADE
RAILROAD SECURITIES.
$1,443 786.00,
«l ,77«.f 56.00,
lk0.i.
$84,807.76.
Sealed proposals addressed to the undersigned,
a committee appointed f. sell said bonds wid be received upto OC OBBR *TH, lWn\ at la o'o.ck
aid will be opened at the office of the town
M
I
Street,
James
,
Collins Jr.. 75 Westminister
Providence. R. I., October 4th. I9i5. at ia
Solicitor,
0.
o cock M,
Perry, Coffin
R.
I,.
THOMAS W. ANGELL,
JOHN OGDEN.
JAMES C. CULLING jr.
60 State Street,
BOSTON.
OimQiii tee.
VVYMAN.
the Hoard cf County Co'i.roissioners.
W.
H.
D-wson County. Montana.
Daied iep'.-rm er
NOBLE S COMPANY,
7ih, A. U. 1905.
Penob?cot Bldq.,
Land-Title Bldo.
Detroit.
SSKati'jeff.
Philadelphia.
HODENPYL, WALBRIDGE & CO.,
MUNICIPAL
Bond Salesman Wanted.
PUBLIC SERVICE CORPORATION
have an opening for two firstclass salesmen. Satisfactory references
and proof of ability required. I
BONDS.
We
H.
21
k
c
as
c ie
iel».
Lfident
XEItriAL 4
«6S.
New
Bond
C mnmnlOH'iona
An.
al.
* INA.VCI
H.
rtss
MacDonald, McOoy
AL
MUNICIPAL
Baleamaa wi'h
wtl.
A.
ClIllO.VK
&
c.ir.-
l.t.,
P.
r.
O.
AND
CORPORATION
i-
ilottce*.
La
Salle Street, Chicago.
INVEST MENT
BOflDs,
LIQUIDATION NOTICE.
The Coninr n i.tl National Bank or Omaha,
at Omaha, in tin- state or Nebraska, La closing
tl
it«
aii note rudder* aad ottun raditora or the
association are Uterefbre berebj Dottfled to pn u at
the notes and other claims tor
Da*<<l uni: hn, July
SEND FOR
LIST.
4th. l»05.
Caabler.
Ccnoress Street, Bns'.on.
3UNAWSAL STREET, SEW YORK.
STATE tiff & KAILKOAD BOMIS.
BONDS ,tSck CERTIFICATES
Kriirr
DENISON, PRIOR & CO.
CLEVELAND.
,
BANKERS,
..
v.-.
BOSTON.
,
mm
r.i
ALBERT
Of
-ic-el.
Ba
B.
i"i
I.--
n t.-«-ii
'
Hid pirt^
ohai him. and
k«,
prcm
iil
1
print* d
purilv
i
.v.
& Co
16
B.X
171
payment
mi 1. 1.. wii>,
Electric Light
Co
BONDS.
beregaced
B,
Yur».
affairs,
and
Railroad, Street Ry., Gas
Blodget, Merritt
St .IBoston.
U ANTED — Kxperier.ced
Maine
York.
SECURITIES.
ROLLINS & SONS,
Mi
New
7 Wall St.,
AND
E.
Burr,
County C mmissiOLers.
of the Board of
A
&
INVESTMENT BONDS.
bid*.
Clerk
NEW YORK
NEW YORK AND
•
•
By crder
8 Nassau Street,
MEMBERS
t
nually in Api-tl -nd October at four per cent per
an' urn. Both princ pal and interest payable at the
o., Pr. vldence.
banktr g r< oms of inlu-tr al Trust
R. I
Principal a> d inte'est are payable
gold eoln
nited states of the present standard of
f the
weight and fineness. Issue wl 1 be ctrtined to by
Iodustral Trust *'o.
Proceeds to take up present floating indebtedness.
Tax.ble property of the 'town of North Pr vldence, a> cordi g to last returns. Is: real estate
CO.,
BANKERS,
I.,
COUPON BONUS.
Nonh Providence
of
00
00
00
—
^65,000
\%
00
00
be made.
We are advised that the
Sedan, Kan. Bond Sale.
$32,500 43^% water bonds mentioned in V. 81, p. 578, have
been sold.
PropoShelby, Bolivar County, Miss.—Bond Offering.
sals will be received until Sept. 27 by T. J. Mayers, Town
—
30-YEAR
Staats Co. of
—
Proposals
Ross, Roseau County, Minn. Bond Offering.
be received until 2 p. m. Sept. 30 by the Board of
of
W. R
Loan Offering. ProSchenectady, N. Y. Temporary
posals will be received until 12 m. Sept. 19 by Olin S. Luffman, City Comptroller, for $100,000 temporary-loan certificates issued in anticipation of the collection of taxes.
Loan matures Feb. 1 1906 and will be payable at the Importers' & Traders' National Bank, New York City. Proposals are to name lowest rate of interest at which loan will
will
Town
week, to the
,\:
—
Dawson County, Mont.,
COUPON BONOS.
last
l
Rosedale, Kan. Bonds Defeated. This city on Aug. 31
by a vote of 149 for to 343 against defeated a proposition
to issue $25,000 city-hall and water-extension bonds.
»89,000
any assessment be
if
00 W. J. Hayes & Sons, Cleve. .$141. 967
00 FlrstNat. Bank. Chicago
141,775
00 Provident Savings Bunk &
00
Trust Co.. Cincinnati
140,994
Sons, San Fr. 144,436 50 Bank of F.scondldo
137,100
E, II. Rollins
143,437 50|R. Kleyboltc 4 Co., Ctacln.. 137,005
Security Savings Bank
were awarded on the 11th to N. \Y. HalThe bids were as follows:
City.
Y.. .$319,734 001 N vac k National Bank (for
NEW
be reduced
\V. K. Sta:Us Co.. Pasadena. $146,911
N. \v. Halsey & Co., San Fr. 145,948
145.102
A. P. Phillips
145.050
oe Vneeles Trust Co
7,
LOANS.
may
—
New York
NEW
issues
San Diego High School District, San Diego County, Cal.
Bond Bids. The following bids were received on Sept. 5
for the $135,000 5% 6-20-year (serial) high-school bonds
—
W
;
The above
—
Halsev ACo.. .N
$100.000)
$102,000
Farson Leach *Oo.,N. Y... 31 S. 639 00
Kountre Pros., Now York... 318. 1S4 00[ Cortland Savings Bank (for
312,534
00
31.279
S30.000)
Blodeet, Merntt *Co.,Bost.
Harvey Fisk & Sons. N. Y... 308.130 OOlSuHern National Bank (for
$10.000)
10,000
Peoples' Bk..lfor $120.000.. 121,200 001
Haverstraw for 1S0.000.. 1S3.600 00| Nyack Co-Oper. Sav. B. <fc
L. Ass'n (for $10.000)
303.100 001
10.000
Blauvelt & Morrell
Westchester Co. Sav. Bank.. 300.000 001 F. W. SchafTer(for $10,000).. 10.000
1-5-year (serial) East Green Street sewer bonds. Denomination $345.
1 1905.
Interest annual.
Denomination $355
l-5-year (serial) Tenth Street sewer bonds.
Date Aug. 1 1905. Interest annual.
.V
Certified check for $50, payable to the
paid in advance.
City Treasurer, required with bids for each issue.
—
Co. of
be received
for the
will
Date Sept.
1.770 60
Rockland County (P. O. Nyack), N. Y. Bonds Awarded.
The $300,000 4% coupon funding bonds, bids for which were
&
— Proposals
5%
$1,733 00
School District, San Bernardino County, Cal.
An election will be held in this district
on Sept. 18 to vote on the question of issuing $2,500 5%
1-5-year (serial) gold school-building bonds.
sey
Offering.
m. Sept. 20 by Geo. Holmes, City Auditor,
following bonds:
Sept. 5 the $12,000 5-10-year (optional) funding bonds
described in V. 81, p. 742, were awarded to Geo. M. Bechtel
& Co. of Davenport at par and blank bonds for 4 per cents.
opened on Sept.
Bond
Salem, Ohio.
until 12
On
Election.
933
Supervisors at the office of T. S. Nomeland, Town Clerk,
P. O. Fox, for $8,000 road-building bonds at not exceeding
6% interest. Authority Chapter 64 of the General Laws
Date Oct. 1
of 1905; also vote at election held June 23 1905.
Interest annually on Dec. 1. Maturity ten years.
1905.
Rhinelander, Wis. Bonds Authorized. The City Council
has authorized the issuance of $14,676 35 5% street-improvement bonds. Denomination $1,000 except one bond for
$676 35. Interest March 1 and Sept. 1 at the Corn Exchange
Maturity $2,676 35 on March 1
National Bank of Chicago.
1906 and $3,000 on March 1 of the years 1907, 1908, 1909
and 1910. Gust Swedberg is City Clerk.
—Rochester
Bond
—
—
THE CHRON1CLK
Sept. 16 1905.]
W.J. Hayes*
—
——
B*l In
KING A
I'll
ai
C>.,
t
li.
.
i
•
A
''•
i
r
..iticd.
PEIMIWO
'"r
niiiilo
''•
806 Broadway, N.Y.
THE CHRONICLE.
934
—
6% 5-20-year (optional) water-works and
sewer bonds. Denomination $500. Date Oct. 3 1905. Interest Jan. l'and July 1.
Certified cheek for $500 required;
Authority for issue Sections 3014 to 3017 of Chapter 93 Anno-
Stockton (Kan.; School District.— Bonds Defeated. This
Aug. 29 voted against a proposition to issue $6,000
school bonds.
Stoystown, Pa. Bonds Defeated. This borough recently
defeated a proposition to issue $7,000 4% water-plant bonds.
Sumter County (P. O. Livingston) Ala. Bond Sale.
On Sept. 11 the $35,000 5% 30-year road bonds described in
V. 81, p. 797, were awarded to Parson, Leach & Co. of New
York City for $38,505 and interest. Bonds are dated
Clerk, for $25,000
tated Code of 1892.
South Morgan School District, Utah.
—
district on
—
—
Bond Sale. This
time since to the State of Utah at par an
5% 10-15-year (optional) school-house bonds.
Denomination $500. Date July 1 1905. Interest semiannual.
South Omaha, Neb. Bond Sale. On Sept. 5 an issue of
$3,000 Sixteenth Street grading bonds was awarded to
Daniel Hannon at par and accrued interest.
Bids.
The following bids were received on Sept. 11 for
the $60,000 4}4% general .bonds and $20,000
intersection bonds described in V. 81, p. 797:
Oct.
—
—
Bonds
W.
R. Todd
& Co., Cincin
& Tr. Co.. Toledo
W.F.Johnson
—
—
—
6%
Jameson Ditch construction bonds. Authority Chapter 211 Laws
of 1903.
Denomination $2,061 29. Date Sept. 4 1905. interest
semi-annually on June 1 and Dec. 1. Maturity one bond yearly on
June 1 Irom 1908 to 1913 inclusive.
17,172 00 4}4% North Bend Township Kravel-road construction bonds. Authority Chapter 205 Laws of 1901.
Denomination $429 30. Interest
semi-annually on May 15 and Nov. 15 at First National Bank, Chicago.
Maturity one bond every six months from May 15 1906 to Nov. 15
1925 inclusive.
20,999 00 414% California Township gravel-road construction bonds. Authority
Chapter 205 Laws of 1901. Denomination S524 98. Interest semiannually on May 15 and Nov. 15 at First National Bank.of Chicago.
Maturity one bond every six months from May 15 1906 to Nov. 15
1925 inclusive.
$12,367 76
INVESTMENTS.
—
BONDS.
MUNICIPAL, RAILROAD and
mercantile Library Building,
PHILADELPHIA.
NEW YORK
Established 1SS5.
YORK.
& Company WM. FRANKLIN
H. C. Speer
and Time Deposits
Bank
COUNTY
AND TOWNSHIP
CORRESPONDENCE SOLICITED
F.
R.
BONDS.
——— ——
—
FULTON & CO.,
Municipal Bonds,
Q ecurities
171
Corporation
Company
OF PITTSBURGH, PA
MUNICIPAL AM)
PUBLIC FRANCHISE CORPORATION
BONDS
POTTER,
MUNICIPAL
and
uriMriC
»UIMLJS.
CORPORATION
172 Washington Street,
CHICAGO,
-
-
X8TRLANI), OHIO.
ILLS.
-
THE
SOUTH.
Opportunities,
MUNICIPAL AND PUBLIC SERVICE
Investment
Estate, Timber, iUines,
BONDS.
Industrial Properties, Farm or Town
Mortgages fn all parts of the South,
METROPOLITAN INVESTMENT
CO.,
KDWARDS,
President, Charleston, B.C.
Commercial and Financial Agt. Business nndertaken In all parts of the world, flatislactorv references.
u
BOSTOW. MA8C.
Trowbridge «& Niver Co.
Securities, Ileal
B.
HAYES & SONS,
LIHT ON APPL ICATION.
Business
GEO.
J.
UNITED STATES TITLE
Guaranty & Indemnity Co
Insures Titles
Manhattan:
on
Ileal Estate.
ISO, 1«2, 164
!S
Broadway.
Brooklyn: 178-180 Montague
St.
Bronx -d Avenue aDd 181st Street.
Jamaica bit) Kulton Street,
1st
BOSTON,
CHICAGO,
Nat. Bank Bldg.
60 State Street.
R. A. Lancaster
&
Sons,
BANKERS,
NO. 10 WALL, STREET,
NEW YORK,
DBALEK8 IN
INVESTMENT
and
BOSTON, MASS.
Books audited Examinations and Investigations conducted witli the utmost
care and efficiency.
KERR,
J. C.
CERTIFIED PUBLIC ACCOUNTANT
WASHINGTON L FE BUILDING,
141 BROADWAY,
NEW
YORK.
Wilkinson, Reckitt,
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
Broadway, New York.
.">-
PHILADELPHIA.
Bought and Sold.
W.
53 State Street.
TELEPHONE 61)42 COKTUANDT.
.
Paid up Capital $200,000.00
Exchange Building
LA SALLE STREET,
CHICAGO.
HALL,
Accountant,
Building, Chicago.
CITY
NO STOCKS
B.
Accountants.
Public
(Pennsylvania)
Stephen Ulrard Building,
Wall Street Kxchange Building.
HIGH GRADE
INVESTMENT BONDS
T
Certified
CINCINNATI.
First Nat.
&
ACCOUNTANTS.
LYBRAND,
ROSS BROS &
MONTGOMERY
SEASQNG OD & MATES,
Municipal
3,51100
Tioga (Tex.) Independent School District. Bonds Voted.
district on Aug. 17 voted to issue 812,000 5% coupon
Denomination $250. Date Sept. 1
school-house bonds.
1905.
Interest annually at the First National Bank of
Maturity 40 years, subject to call after 5 years.
Tioga.
No bonded debt at present. Assessed valuation $209,000.
Trenton, N. J. Bonds Authorized. The City Council on
Aug. 1 passed an ordinance providing for the issuance cf
DBALBR8 IN
Interest Paid on Daily
$3,540 00
—This
LIST ON APPLICATION.
BONDS.
27-29 PINE STREET, NEW
Compton
—
Rudolph Kleybolte&Co. MUNICIPAL AND RAILROAD
STREET RAILWAY
of
Wm. R. Staatt Co.. Pasadena..
—
'VESTMENTS.
BANKERS,
Bank
Thief River Falls, Red Lake County, Minn. Bond OfferProposals will be received until 2 p.m. Oct. 3 by Lars
Backe, City Clerk, for $25,000 5% coupon water-works
bonds. Authority Chapter 319, Laws of 1899. Denomination $500.
Date Oct. 15 1905. Interest semi-annually
on April 15 and Oct. 15 at some banking institution or trust
company to be agreed upon with buyer. Maturity Oct. 15
1925.
Bids to be unconditional.
Deposit of 5% of the
amount bid required.
ing.
Springfield, Mass.
Temporary Loan. This city recently
negotiated a temporary loan of $50,000 with the National
City Bank of New York City at 2>Y2
interest.
Starke County (P. O. Knox), Ind. Bond Offering.
Proposals will be received until 12 m. Sept. 30 by Isaac Templin,
County Treasurer, for the following bonds:
%
$3,557 00,
3.552 501
3.550 75
—
—
—
—
Terre Haute (Ind.) SchooliCity.—Bond Sale.
On Sept. 11
the $70,000 4% 3-9-year (serial) building bonds described
in V. 81, p. 865, were awarded to E. M. Campbell & Co. of
Indianapolis at 102.535.
Action on bids was postponed.
South Pasadena, Cal. Bond Election Proposed. The
Board of Trustees is considering the advisability of calling
an election to vote on the issuance of $100,000 water bonds.
—
1905.
Los Angeles Trust Co...
Oakland Bank of Savings
Bonds
$61,750 $20,600
60,909 20.303
60,816 20,272
60.350 20,125
60,301 20,15!
Sec. Sav. Bk.
1
lowing are the bids:
$60,000 $20,000
Roth & Co., Cincin
W.J. Hayes & Sons, Cleve
Hoehler & Cummlngs, Toledo
—
Tajaula School District, Los Angeles County, Cal. Bond
Sale.— On Sept. 5 $3,500 5% 1-4-year (serial) honds of this
district were awarded to the Los Angeles Trust Co. for
$3,557.
Denomination, bonds Nos. 1, 2 and 3, $1,000;
No. 4, $500. Date Sept. 5 1905. Interest annual. Fol-
4^%
Weil,
—
,
district sold some
issue of $7,000
—
[Vol. lxxxi.
itenof
CHICAGO
W.F.WEISS,
CERTIFIED PUBLIC ACCOUNTANTS
128 Broadway, New York.
TELEPHONE—8758-8759 CORTLANDT.
L00MIS,C0NANT&00.
CERTIFIED PUBLIC ACCOUNTANTS
30 Hi oud Street, New York.
Tel. 4n5a Broad.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
56 Pine St.. New York.
Also at Calvert Building, Baltimore.
JAMES PARK &
00.,
MISCELLANEOUS CERTIFIED PUBLIC ACCOUNTANTS.
SECURITIES.
:
Southern Securities a Specialty.
32 Broadway, New York.
234 1/aSalle Street, Chlcage.
—— — —
— — ——
————
SCO ,000 30-year paving bonds at not exceeding I'
interest,
payable semi-annuallv.
Treynor (Iowa) School District. Bonds Voted.
This
district has voted to issue §1,900 bonds for a school building.
,
—
Van Wert County
— Proposals
(P. O.
935
to the Greene County .National Bank at 103.20.
Denomination $500.
Date Aug. 30 11)05.
Interest annual.
Maturity $500 yearly on Aug. 30 from 1906 to 1910 inclusive.
The following bids were received:
Qreene County National Hunk. $2, 5S0 00| Peoples' Bunk, Whitehall
Van Wert>, Ohio.— Bond
Offer10 by
be received until 1 p. in. Sept.
W. H. Troup, County Auditor, for $18,000 5 c/ ditch-improvement bonds. Authority Sections 4481 and 4482 of
the Revised Statutes of Ohio.
Denomination $1,000. Date
Interest semi-annually at the office of the
Sept. 25 1905.
County Treasurer. Maturity $6,000 yearly on Sept. 25
from 1906 to 190S inclusive. Bids to be unconditional and
accompanied with a certified check for $100 on some bank
Successful bidder to furnish blank bonds.
in Van Wert.
will
"
—
Victoria, Tex.
Bonds Defeated. This place on Sept. 8 defeated a proposition to issue $10,000 water bonds.
—
Villard, Pope County, Minn.
Bonds Xot Yet Sold. No
sale has yet been made of the $6,000
water-works bonds
offered without success on July 31.
See V. 81, p. 175, for
description of bonds.
5%
Warroad Independent School District No. 12, Roseau
County, Minn. Bond Offering.
Proposals will be received
until 4 p. m. Sept 28 by Albert Berg, Clerk of Board of Education, for 84,000 5% coupon funding bonds.
Authority
resolution adopted at the annual school meeting held July 15
Denomination $800. Interest semi-annual. .Ma1905.
turity $S00 yearly on July 1 from 1910 to 1914 inclusive.
Blank coupon bonds to be furnished by purchaser.
Waupaca, Wis. Bond Election. A special election, it
is stated, will be held in this city to vote on the question of
issuing $14,000 water-improvement bonds.
West Chester (Pa."> School District. Bonds Authorized.
It is stated that the School Board has authorized the issuance
of $120,000 high-school-building bonds.
West Elizabeth, Pa. Bonds Defeated. -This borough on
Sept. 9 by a vote of 2S for to 74 against defeated a proposition to issue $24,911 funding and improvement bonds.
White Hall, Greene County, 111. Bond Sale. On Sept. 4
$2,500 5 r c coupon water-main-extension bonds were awarded
—
—
\\ hit.'
—
—
$2 500 00
Hall Nat. Bk.. White Hull 2,625 IU|
—
Willoughby, Lake County, Ohio. Bond Sale. On Sept.
the $4,000 5% 3)4 year (average) Erie Street stormsewer bonds described in V. 81, p. 689, were awarded to
Denlson, Prior & Co. of Cleveland and Boston at 101.587.
11
Following are the bids:
Denlson. Prior * Co.. Cleve
$4,063 50|SeasonKoo<l ,t Mnycr, Clnoin_._$4,0.'>.r> 25
Albert Klevbolte .V Co. t'incln.. 4.000 00 See. Sav. lik. & Tr. Co.. Toledo 1 030 00
W. J. Hayes & Sons. Cleve
4.050 OOfLamprecht Bros. & Co., Cleve.. 4.020 40
—
Wingham, Ont.
Debenture Offering.
J. B. Ferguson,
offering at private sale $12,000
waterworks extension debentures. Securities are dated Sept. 15
1905 and will mature part yearly for thirty years.
Debentures debt, not including this issue,' $117,531 09.
Assessed
Town
Clerk,
4^%
is
valuation $671,000.
Woodward, Okla. Bonds'? Defeated. This town recently
defeated a proposition to issue bonds for a water system.
—
Wyoming,
Bond
Ohio.
—The
highest bid received
50-year sewerage and the
$3,000 4% 30-year water-works-improvement bonds, described in V. 81, p. 633, was that of Seasongood & Mayer,
Cincinnati, at 103.95.
Six bids in|all were received.
on Sept. 6
Sale.
for the $2,000
4%
—
Yonkers, N. Y. Bond Sale. The Yonkers Savings Bank
was the successful bidder on Sept. 12 for the three issues of 4%
bonds described in V. 81, p. 866. The following bids were
received:
5200,000
—
J.
g
THE CHRONICLE.
Sept. 10 1905.
ing.
—
Tax
$2,000
Yonkers Savings Bank (all or none)
Peoples' Savings Bank, Yonkers.
W. J. Hayes & Sons, Cleveland
Geo. M. Halm, New York
Blake Bros. & Co., New York...
$14,'70O
Build'
Road
Relief
Bonds.
Bonds.
100.22
100.20
Bonds.
100.40
100.37
101.576
101.54
102.58
101.63
100.03
or
all
none 100.07
Bond Sale.— On Sept. 14 $20,000 4% water bonds were
awarded to Rhoades & Co. of New York City at 105.895.
Securities are dated Oct. 1 1905. Interest April 1 and Oct. 1.
Maturity April
1923.
1
MISCELLANEOUS.
MISCELLANEOUS.
G. WHITE & CO.,
OFFICE OF THE
Engineers, Contractors,
43-49 Exchange Place,
New
York.
ATLANTIC MUTUAL INSURANCE COMPANY,
New
Investigations and Reports on Electric
Railway, (las. Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.
Premiums on Marine Risks from 1st January, 1904, to 31st December, 1904. ..
Premiums on Policies not marked off 1st January, 1904
Electric Baiiways, Electric Light and Electric
Total Marine
Power Plants Financed, Designed and
Built.
LONDON C0BBESP0NDENTS:
WHITE
J. G.
A.
CO., Limited,
22a College Hill, Cannon
:
Electric Bys,, Power, Light
North llraml
Premiums marked ofi from 1st January, 1904, to 31st December, 1904
$275,926 58
Interest received during the year
"
"
"
107.14S 14
*3"074 72
less Taxes
Rent
St.. 1'hilnrietphla
Company
Scrip
Vears Bought and Sold.
JOHN M.GILLESPIE
EWEN,
A. C.
SPECIALIST.
ODD LOTS
CURRENT AND INACTIVE
RAILROAD BONDS.
(
AUCTIONEERS.
Regular Weekly Sales
OF
STOCKS
and
BONDS
ETIBI WEDNESDAY.
No. o.> WIIililAJI ITBEBT
Corntr Pine
22f ,513 19
>>«3.V>9 08
Bills
Receivable
sirc-«
t.
1,020,087 28
hands of European Bankers to pay losses under polioies payable in
In the
241,710 47
351,301 69
foreign countries
Cash
In
Bank
$12,63 -<, 243 93
Aggregating
A
dividend of Six percent interest on the outstanding certiiioates of profits will be paid
on and after Tuesday, the seventh
to the holders thereof, or their legal representatives,
of
February
next.
certificates of the issue of 1 899 will be redeemed and paid to the holders
thereof, or then le^al representatives, on and after Tuenday, the Meventh of February
The certificates to be produced at
next, from wliloh date all interest thereon will cease.
the time of payment, and canceled.
A dividend of Forty per cent is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon application, certificates will be Issued
of -flay, next.
By order of the Board,
on and alter Tuesday, the
The outstanding
eeond
<i.
orUaadt.
Adrian H. Muller & Son
Office
Cash
NEW YORK.
-
-
elepbone »\i
92
$3,ul«,978 35
The Company has the following Assets, viz.:
$5,243,600 52
United States and State of New York Stock; City, Bank and other Securities
1,417,543 97
Special deposits in Banks and Trust Companies
Wall
and
William
Place...
Streets and Exohange
$4,289,000
Real Estate corner
Claims
due
the
75,000
4,364,000 00
and
Company
Other Real Estate
NEW YORK.
49-51 Wall Street.
i
$142,418 '20
84,094 99
Returns of Premiums and Expenses, $405,721 91
No. 518 Atlantic Bnildimg,
a Wall Street.
4't4
$318,124 29
771,957 98
Less Salvages
Re-insurances
Premium Notes and
WM.
$3 633
Premiums
& Hydraulic Plants
Atlantic Mutual Insurance
Room
$2,909,343 08
724,151 84
$1,090,082 27
rind
ot All
;
ABI.lsIlEO 1889
PEPPER
&General
REGISTER
Enyitwers
Contractors
iltf
The Truttees, in Conformity with the Charier of the Company, submit the following statement of
its affairs on the 31st of December, 1004
Losses paid during the year whioh were estimated
in 1903 and previous years
Losses occurred, estimated and paid in 1904
St.
York, January 20th, 1905.
STANTON FL.OYD-JONF.S,
Secretary.
TRUSTEES.
V AM8INCK.
FRANCIS M. B v< ON,
\
jolIN .V BEACH
WILLIAM B. BOI LTOH
VERNON II lllliirt N.
BROWN,
WAi.DknN
I'.
I'll
QBOKGE
11.
1
COKNKLII
KWALIi r
HERBERT
\l'\l
II
I
'
,
I.
Ml
I.
L.
VN.
CLEMENT
I'.
II
I.KAN DICK
I
QBISCOM,
A.
ANSON W. HAKD,
MoRRlS K. .Ilv-l P.
'Ill KODOKE
JOHNSON,
LEW la IA" LKOi Villi,
II.
FRANCIS
LEGUKTT,
l.l'.V K.M II.
CHARLES
N. I.')\
ILL.
UEORUE II. M \C\
MARSHALL,
HARLBg
.
\:
a
GRIG
11
<
W.
11. II.
PALME
NICHOLAS
HENRI PARISH
PARS!
FREDEKK
PRATT.
DALLAS
QUINTABD.
UKO
\.
a KA V WN.
KIK Kll.
JOHN
ULAN k< IUI s-"\.
IX
1
-.
v
11
I..
,|
.
v
V
1
1
WILLIA M
.-(
.
C.
1
UOORK,
RAVEN, President.
CORNELIUS 1.1.DKKI,
1.0. P. JOHNSON, ad
A. A.
l
1
1
Viee-Pru*L
I
ire.-r.
JAS. L. LlVINbtSiON,5'< Vue-1
1
H
STI RG B
rtt'
THE CHRONICLE
936
financial.
[Vol. lixji
jFtnanctal.
******f*'W-IWW^*V**W
m
Ca
§S®l&
$10,000,000
guarantee
Title
andTRUST COMPANY
Lincoln Trust Company
Under the laws of New York, a well-equipped
and conservatively managed Trust Company
Examines & guarantees Real Estate Titles.
Loans Money on Hond and Mortgage.
Furnishes Mortgages
Receives Deposits subject
represents the highest type of modern bank.
Allows Interest on Daily Balances.
to Investors.
lo check,
New York
Madison Square,
146 Broadway, New York.
175 Remsen Street, Brooklyn.
M'frs Branch, 198 Montague St., Br'klyn.
allowing
Interest.
Hoes
Trust
all
Company
TRUSTEES
James D. Lynch,
Edgar Li. AiaisKin,
John Jacob Astor,
Edwaru
T. lseiUord,
Charles
S.
.1
ill
ii-n
Brown,
William
Augustus
J).
Matlieson,
J.
Charles Matlack,
William H. XiOhoU,
T. Davies,
William J. Easton,
Charles B. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Insrraham,
James H.
Oliiihant,
Bobert Olyphant,
Alexander E. Orr.
Charles A. Peabody,
Frederick Potter,
Charles Bichantson,
Juilliard,
Martin Joost,
Sani'ord H Steele,
Ellis 1>. Williams,
John S. Kennedy,
Woodbury ljan^don,
Capital and Surplus,
business.
$1,200,000
i
.
OFFICERS
HENRY It_._Wll,SON, President
KOKEKT C. LEWIS, Treasurer
FRANK TILFORD. Vice-President
FREDERICK PHILLIPS, S.ceta»r
OWEN WARI>, >ZA Vice-President
EDWARD V. WILSON, Asst. Treasurer
W1L.L.IA.H
DARROW Jr.. 3d V-Pres.
JOSEPH
BRAY,
Z.
Asst. Secreiar;
EXECUTIVE COMMITTEE
B. A VMAR SANDS
GEORCE C. CLARK
CLARENCE H. KELSEY J. HARSEN RHOADE8
SAMUEL l>. STYLES
WILLIAM SALOMON
HENRY R. WILSON
FRANK TILFORD
Louis Windmuiler.
CLARENCE
H.
KELSEY,
FRANK BAILEY,
President.
Vice-President.
EDWARD Manager
O. STANLEY, 'id Vice-President.
Banking Department.
CLINTON D. BUKDICK. 3d Vice-Pres.
J. WI1AV CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
FRANK
L.
SN1FKEN,
BARROW, WADE, GUTHRIE &
Jlgr. J>lulrs' Branch.
CO.,
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and
Illinois.)
Morristown Trust Co*
MORRISTOWN,
N.
J.
NEW
PAYS 3% INTEREST
CHICAGO,
SAN FRANCISCO,
Royal Insurance Building.
Mills Building.
YORK,
27 Pine
Street.
ON DAILY BALANCES SUBJECT TO
CHECK PAYABLE IN N. Y. FUNDS.
LONDON, ENGLAND,
CAPITAL, SURPLUS & ? * 9 9nn nno
B2.200.000
$
PROFITS OVER
DEPOSITS OVER
7,500,000
DIBECTOBS:
18
St.
Suuithin's Lane, E.
C, Cable, "Adorjest."
Samuel Freeman,
Charles F. Cutler,
Willard W. Cutler
Frederic Cromwell,
Aurelius B. Hull,
Gustav E. Kissel,
Luther Kountze,
Bich'd A. McCuidy,
H. McK. Twombly,
James A. Webb,
President.
G. Frelinghuysen,
Geo. G. Haven,
D. Willis James,
(}.
O. H. Kahn,
Walter G. Oakrnan,
Baker-Vawter Company,
PUBLIC ACCOUNTANTS,
Henry F. Taylor,
W. Cauldwell,
Thos.
Louis A. Thebaud,
John W.
AUDITORS,
Castles.
DEVISERS OF BUSINESS SYSTEMS.
Onlv the Regular Corps ol Bonded Accountants Officiates.
Not Send Outside Men to Clients Under Anv Circumstances.
We Do
The American Mfg. Co.
Tribune Buildin?,
350 Broadwav,
CHICAGO.
NEW YORK.
MANILA SISAL AND JUTE
CORDAGE.
65 Wall Street,
wNE PIECE OF PAPER GOOD THE WORLD OVER
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York.
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