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fiitanrlal
yDinmerciHlf
INCLUDING
Bank and Quotation Section
(Monthly)
and City Section (semi- Annually)
Street Railway Section {^"^rJlr)
State
Railway and Industrial Section (Quarterly)
of Librarian of Congress. Washington. IX C.
the year 1904, by William B. Dana Comp.vxt. in the
Entered according to Act of Congress, in
Pine
N. Y.
—
New York. a8 second-class matter- Willi am B. Dana Company. Publishers, im
Post
"
weekly newspaper entered at
office
-
Office.
A
VOL.
SATURDAY, SEPTEMBER
79.
%\tt ®hr0txiclc»
PUBLISHED WEEKLY.
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BDWABDS A
Messrs.
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DANA COMPANY,
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Office
Publisbers,
ot I'enrI Street,
NEW
GLEABINQ HOUSE RETURNS.
The following table, made up by telegraph, etc., indicatefc
of the
that the total bank clearings of aU the clearing houses
United States for the week ending to-day, Sept. 17, have
been $2,193,655,053, against $1,714,504,895 last week and
$1,841,383,874 the corresponding week last year.
Clearing*— Ilttums by Tele<rraph.
Week Ending September 17.
N«w
»1,170,042.593
99,061,923
98,727,249
17,353,603
146,303.047
42,804,419
11,047,114
*855,701.024
101.753,0.W
81,295,302
81,890.171
143,920,835
42,383 682
10,011,560
11,577,739,948
278,927,481
81,268.955.673
2&5,107.928
5 days...,
$1,866,667,429
338,987,624
*1,542,0B3.601
299,320,273
for week.
»2,193,655,053
?1,84 1.383,874
York.
Boston
PhUadelphta.
Baltimore
CtalcaRO
St.
Louis
Orleans
Haw
Seven
Other
Total
days
days
cities, 6
cities, 9
all cities,
Iday
All cities,
Total
1903.
1904.
all cities
.
The full details for the week covered by the above will be
giyen next Saturday. We cannot furnish them to-day, clearings being made up by the clearing liouses at noon on Saturday, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday nooi, Sept. 10, and the results for the coiTesponding
week in ^903, 1902 and 1901 are also given. .Contrasted with
the week'of 1903 the total for the whole country show's a gain
Outside of New York the increase over 1903
of 18-4 percent.
IB
5-3 per cent.
IFcek ending Scptnnber 10.
OUarings at—
New York
. .
1902,
1,662,063,123
107.876.053
44,512.010
23,903,404
«.2«8,10«
3,346.800
3,427,229
2,053.672
.
Philadelphia.
Pittsburgh....
Baltimore
BulTalo
Washinnion..
Albany
Kocbester....
Scranton
SrracuRa
1.115,.3H1
Wllmlii
llmlDBton..
Wilkaii Ba
Barre,
1,11.3,213
6lW,74il
1,239,375
WheellnK...
Btnjtbamton
7«3,2W'
OraansbuTK
4f>»,6flO
Chester
S14.4
Krie
rrsnklln.
380, lOU
Pa
Reading
ToUl
Middle...
+86-0
I
859.582,548
St.,
"'
17,
1904
NO. 2047.
THE CHRONICLE.
992
THE BANKERS' C0NVEN7I0N.
The Convention
the American Binkera'
Asboolation at the Waldorf-Astoria has been the absorbing
event of the week In financial circles. The Convention
of
extended over four days, coming to a close yesterday
among bank officials hardly anything
else has been talked about.
The preparations for the
entertainment of the visiting bankers have been on an
afternoon, and
elaborate
and lavish
scale, financial institutions vying
with one another In their desire to shower courtesies
and favors upon the visitors and give evidence of
As
for souvenirs,
probably there never was an occasion
and such costly ones were provided.
when so many
Not a few of
their appreciation
and good-will.
by reason of their merit and unique character,
be for years cherished as mementoes. The
gathering was the largest affair of its kind. The
these,
will
and discussions attracted more than
the usual share of attention. We shall not, however,
enter into an analysis of these features. With the
addresses, too,
I
portion of tne corn belc" and
V^OL.
LXXIX.
on Taeadtiy, the 13 ;h
the weather reports Indicated in
prospect a heavy,
which was expected to affect a larger area
that night.
On the Stock Exchange the same day the
worst possible construction was put upon these indications, they having been attended by a wild speculation
in wheat and a smaller rise in corn; as a result the
severe check to the security markets referred to above
followed.
The next day (Wednesday) the anticipated
killing frost having apparently turned out to have
been of less Importance than the forecast, affecting
but a small portion of the extreme Northwest, the
stock market fally recovered. Thursday, however,
another announcement of "wintry weather In the ex'reme Northwest," and a cable reporting a large decline in the prospects of wheat supply from Bassla
together with a 2-per-cent rate for call money, made a
moderate impression upon Wall Street values. Yesterday, however, the market was active and strong again.
Certainly the foregoing shows enough of fact and
fiction afi )at to unsettle in some degree almost any
killing frost,
market. Passing for the moment all Infiaences other
than the loss predicted in the supply of the two cereals
complete report of the proceedings of all the various mentioned, that was of sufficient import to prove a
departments of the Association— the Bunking Section, highly serious consideration. If all that was foretold
the Trust Company Section and the Savings Bank had been realized, it would have proved a disturbing
Section.
We shall also there comment on some of event not alone for this country but for the world. It
the topics which formed interesting subjects of dis- meant that Europe's yield of wheat would be much
cussion at the deliberations.
less than had been counted on and that practically It
would not this year get any wheat from the United
States and probably secure very little corn.
Should
FINANCIAL SITUATION.
it turn out that there was to be no exports to foreign
OHKOi^iCLE of next Saturday we
scribers our
shall
Bankers' & Trust
send to our sub-
Sdctlon, containing a
THE
Our stock market received a material set-back this ports of breadstuffs this year, a void of large proporweek, Tuesday. This was no surprise, since the upward tions woald be
left in
our
export movement.
movement had been so prolonged and recently so The value
of
the
breadstuffs
exports
has
rapid that profit-taking was a natural suggestion. averaged for the last ten years ending with July 1
Then, too^ so substantial a rise gave an air of yulner- 1904 about 220 million dollars. We have no belief In
ability to the market
a situation the bears are always a total arrest of such shipments the current year,
looking for and stand ready to test. It so happened, though even now some such claim is made. Ttie higher
likewise, that at this juncture there were developments values will probably tend to readjust the movements
of a kind about which the public has for some time of the crops.
Home consumption of wheat, for inbeen growing increasingly sensitive and watchful. Fur- stance, will fall off materially with the price of that
ther damage to the crops by an eiarly frost was the chief cereal at or near II 20 per bushel especially with
source of distrust In the future. This fear has seemed labor less fully occupied and so leave at least a
to be on the point of realization. The facts which gave moderate amount for Europe.
Tne consumption of
—
—
rise to it
came upon the market
in a sort of crescendo
form.
First was the Agricultural Department's report for
as to the condition of the grain crops Septem-
Earope, with the price named ruling, would be
minimized likewise, for other foods can be largely
substituted there
August
high.
ber
bashels of wheat
given to the press last Saturday af cernoon, indicating a less favorable condition than the public
1,
had anticipated. Its conclusions were simply confirmatory, and therefore satisfactory, as to all grains
except the two leading articles (1) wheat, the Department's figures for which Indicated a crop of only
about 638,000,000 bushels, and (2) corn, of which the
condition given was indicative of a yield of about
—
if
wheat and corn rule abnormally
Besides, with the value so attractive,
many
more than now looks probable
will
be drawn out of other sources of supply than America.
Another
which was made to serve the interests
was dearer
money. The argument used was a little peculiar; It
was based on the Clearing House returns of last Saturday. Those figures were made by the bears so as to
wear on the surface quite a menacing look. The bank
being understood of course statement of Saturday showed a loss In surplus reserve
idea,
of those seeking to depress security values,
—
8,400,000,000
bushels;
it
that neither of these crops (wheat or corn) could even
attain the figures stated if warm weather failed to
of
$9 066,160,
leaving
the total
surplus
only 38^
one has to do to complete
continue and frost failed to hold off long enough to the argument used Is to assume a weekly loss
enable both cereals to reach the results the first of in surplus
reserve during the next five
weeks,
September's condition promised.
General opinion of the same amount as the loss of last Saturday, not
seemed to fix upon the first of October as the earliest only to use up the whole reserve but to show a deficit.
date when these crops could be considered everywhere What will have become of our plethoric money market
safe.
and of the Innocent speculators who have been getting
Instead of that outcome, light frosts were reported by their funds for their ventures at one per cent or less,
the weather bureau ihe current week Sanday and Mon
when the conditions assumed for five weeks hence
day (the 11th and 12th) " over the extreme northern have been reached ? The answer is that the assumpmillion
dollars.
All
Sept.
17, 1904.
993
THE CHRONICLE.
0, coarsa, mills aud furuaces
new orders. Some
were not immediately over-run with
held off, expecting still lower
consumers naturally
That always happens in such circumstances.
prices.
Compare
serve
coasumers are beginning to realize that
ago and two years Bat gradually
corresponding week a year
for the
and that the opportunity is a fa\orable
cash holdings of these prices are low
shall thus find that the
aao- we
one for the placing of orders.
that Is, their gross re
also imClearing House institutions,
Furthermore, the statistical situation has
larger now than they
serves, are about $100,000,000
plainly evident in the
That was made
$116,000,000 larger now than proved.
Iron Age of
were In 1903 and about
monthly returns issued last week by the
loans, and consequently
was found to
they were in 1902. Their
The make of iron for August
Taere
is
. wiser
tl^^l^Ii^^^^^^artlcttlars lacorrecc.
gauging the relative Btrength
because a truer, way of
bank returns in the matter of reof last Saturday's
similar figures
those returns with the
hence when five weeks
been a continuous weekly
are passed, If there has
banks equal in amount to
drain on the cash of these
loans and the deposits will
that of last Saturday, the
surplus will still be abundhave decreased so that the
so plethoric, but still com
antly large and money not
said that much of the
paratlvely easy. It is also to be
recent weeks, say
money which has left the banks in
into the Sab-Treasury,
about one-half of it, has gone
income has been in excess
because the Government's
disbursements. That must be a
of the Government's
reversed, that Is,
temporary condition and should be
weeks.
money taken returned to the banks in coming
larger;
their deposits, are also
tnat
had developed.
this city.
viz., 1,169,407 tons, as
Have been larger than for July,
the same time the
against 1,106 297 tons, while at
being reported 610,390
total of stocks decreased,
Tne figures
August 1.
tons Sept. 1, against 670,340
furnaces and not
merchant
of stocks relate only to the
companies which make iron simply for
to the steel
"Age" referred to the smaller
their
own
use.
Tne
fact that at last conproduction. Tie present
sumption had overtaken
United States
week our contemporary notes that the
close to 80 per
Soeel Corporation now has ia blast
a number of
cent of its furnace capacity, including
the
during the wHole of ihe
new stacks. It says that
Corporation has been to adjast
to improve year the policy of the
The business situation seems to continue
very closely to the steel reexisting tend- its pig iron production
It is significant of the strong
slowly.
iron output a very accudevelop at quirements, making the pig
towards Improvement that it should
ency
marketed.
measure of the deliveries of material
election is pending; especially rate
all while a Presidential
fact should not be lost
Finally, another Important
to move
when our chief crops have scarcely begun
We refer to
indications.
exhausted sight of in studying current
were
and when the old surpluses
uninterrupted advance
these old the persistent and almost
months since. How completely exhausted
on the Stock Exmovement which has occurred in recent weeks
are and how small the new-crop
aurpluses
price of the Steel Compa'.y's shares.
fleeted in the change in the
up to September first was are clearly rt
sold at llf; the presIt Early in August Sceel common
this week.
trade returns for August reported
In the same interto 18^.
raw cotton was ent week the price got up
seems that the value of the exports of
the preferred shares has risen from
while breadstuff* de- val the price of
in August 1904 only $6,136,334,
Dealings in both classes of stock have
to $5,336,421 671 to 69i.
clined from $13,025,713 in August 1903
the
on an enormous scale, and considering
Comparing the last two months (July been
last month.
amount of stock,
outstanding
$9,662,- magnitude of the
and August), the exports of breadstufls were
been
substantial advance could not have
same two months a such a
536, against $24,392,412 in the
large
legitimate buying of
appear to be established except on
year ago. Another feature which would
Does not the Inference seem warranted
number extent.
adverse to business enlargement is the greater
has been by Insldtra who
working short-time therefore that the buying
of men out of employment or
knowing what the outwith have exceptional facilities for
this year, compared
or ofl lower wages,
Iron Industhe iron and steel trades? Tne
Yet in face of this condition, and look is in
a year ago.
a barometer of the
movement of our try has long been regarded as
in f 'Ce of a phenomenally smaller
the Steel stocks hereAre
Presidential state of general business.
leading agricultural products and of a
sensitive barometer,
after to furnish the index of this
point to
canvass in progress, all the evidences seem to
in the iron laduatry now
Our bank exchanges and does the Improvement
Increasing activity in affairs.
furnish an indication of aa early revival
Even the gross receipts of our rail taking place
are expanding.
future weeks will be
there of general trade? Events in
roads appear to be on the rise again. Then, too,
stocks as eloquent proof of the
question.
to this
In closely watched for an answer
have been evidences of this growth for some weeks
since the
iron and steel and their manufactures; ever
The Yttzoo & Mississippi Valley Rillroad Company
movement has been
break in steel this quickened
R*llroad for which
Is a part of the Illinois Central
apparent.
are furseparate reports of earnings and operations
rather
It is interesting to note that this
nished.
Judging from the newspapers, uncertainty still
with an aggregate of 1,175
condition Important Southern line,
prevails in some quarters as to whether the
traffic and gross
have miles of road. Is steadily enlarging its
of the iron and steel trades has improved as we
bastaess done is
receipts, even if the profit from the
tated; or, granting that it has improved, whether
have referred
perma- not being correspondingly enlarged. We
the change for the better can be regarded as
mor« itrlking
to this feature before, but it becomes
nent. It seems to us that recent events tell very
additional year. Gross reThe with the passing of each
plainly the story of what has been going on.
ag^i-iat $7,330,receipts in 1903-4 were $7,868,334, as
cut in prices from the pegged level which it was
$6,127,941 in
085 In 1902 3 $6,687,355 In 1901 2,
sought so long to maintain has been distinctly bene
e-»rniag8 above
Net
Tne change in 1900 1 and $6,300,889 In 1899-00.
ficlal and could not help but be.
were only $1,772,716 In 19034
expenses a. d taxes
the situation may be said to date from the time when
$1,882,419 la 1901-3,
after and $1,666,925 In 1902 3, against
It was recognized that an "open" market would
In
$1,906,176 In 1899 1900.
inactivity $2 069,869 In 1900-1 and
all be the best remedy for the apathy and
THE CHRONICLE.
994
other words, \u ihe
last
four jears gross
earulngs
nearly 60 per cent,
haye Increased $2,667,446, or
while net earnlrgs haye actually decreased 1122,460.
Roferiing to the farther sngmentation In expenses
which occuired in the late year, Preeident Stuyvesant
Fish points out that it was due to the increased ccst
of conducting transportation arising from the higher
cost of material, partlcolarly fuel, and to the very
great Increase which has taken place in payments to
employees,
amounted
the pay-rolls for the year
1904 having
to $3,766,791, as againnt $3,498,370 in 1903.
Mr. Fish adverts
to the great eif ansion In the ser-
vice rendered to the pnhlic, the
number
of paBsengers
cariied one mile having gained over 67 per cent the
last
four years and the
number
of tors of freight car-
mile over 62 per cent, and urges that no
stronger evidence of the prosperity prevailing In the
territory served
by the railway can be found
ried one
[VCL. LIIIX.
barkers who soagnt to
place the proceeds of finance bills.
Commercial paper
wcs in only moderate supply on the market aad the
Inquiry therefor was fair.
Rites were 4@4^ per cent
for sixty to nicety day endorsed bills receivable, A\^6
per cent for prime and 606^ per cent for gooi four to
six months single
names.
Discounting of commercial paper for local merchants and re-discounting
for interior banks wore notab'e feature?.
The Bank of England's minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
ninety da^g were by foreign
The open market rate at P^rls is 1 }
2f per cent.
per cent atd at Berlin and Frankfort it Is 3f @3i per
cent.
According to our special cable from London,
the Bank of England gained £562,303 bullion daring
the week and held £38,163,731 at the close of the
week. Our correspondent further advises us that the
than is shown In the growth of the receipts from gain was due to the import of £304,000, wholly bought
passengers.
For 1904 these passenger receipts were 1q the open market, to exports of £160,000 (of which
$1,781,047, against only $1,640,666 in 1903, the £60,000 to E^ypt and £110,000 to South America),
gain thus being $240,391, or 15'6 per cent. The Yazoo and to receipts of £418,000 net from the interior of
&
Miesissippi Valley shows a surplus for the twelve
Great Britain.
months ending June 30 1904 over expenses and all
The foreign exchange market was easy this week
absolutely fixed charges of $578,616. Out of this,
$33,C00 was carried to the insurance fund and the though until after Tuesday the decline In rates was
remaining $546,616 was paid to the Illinois Central
Bailroad as the owners of the second mortgage bonds
of the Louisville New Orleans & Texas Railway Co.
on account of the arrears of interest due thereon.
There was no change in official rates of discount by
any of the European banks this week; compared with
last week unofficial or open market rates at London
were i of 1 per cent lower, while they were ^ of 1 per
cent higher at Paris and }@i of
1 per
cent
at
Berlin
striking features
of
New York market at
than those ruling in London,
firm rates for time loans in the
relatively higher figures
and there seemed
to be a probability that, notwithstand-
and
irg the low prices at which these firance drafts were
negotiated, there would be opportunity for profitable
cover of the same at their maturity ninety days hence.
the
The market was
at
Frankfort.
The
statement of the New
Toik Associated Banks last week
were
In.
creases of $13,243,600 in loans and of $4,626,4C0 in
deposits, carrying these items to new high records.
The cash decreased $7,908,800 and the surplus re.
serve was reduced by $9,066,150, to $38,438,260.
The bank statement of this week should reflect,
among other items, the transfer through the SubTreasury of $900,000 to New Orleans, the shipment
on Thursday of $500,000 gold to Argentina, the pay.
ment of $698,000 by the Sub-Treasury for Klondike
gold, the transfer hither from San Francisco of
$839,000 representing domestic bullion deposited at
that city and the transfer hence on Friday of $500,.
0€0 to San Francisco for a special payment.
better
not Important, there being a demand for sight to
remit for stocks sold for European account and for
cables in connection with the settlement on the London Stock Exchange. One feature was the resumption of operations in finance bills, encouraged by the
also influenced
by
liberal cfferings of
commercial bills against cotton, the export
movement
of this staple daily increasing in response to the de-
mand from English and Continental
cially
eveir,
spinners, and espe-
the former; the inquiry for these bills was, howso urgent that they were promptly absorbed and
rates therefor only slightly declined.
Commercial drafts
against grain were In limited supply, indicating that
the high prices for wheat had checked the export de-
mand, and the volume
of bills against provisiocs
was
Continental exchange was chiefly irflnenced
the low rates for checks upon London at Paris
by
and at Berlin. After Wednesday cable transfers fell
sharply, Indicating that the inquiry for the settlesmall.
ments on the London Stock Exchange had been satisand then the whole market became weak. There
Money on call, representing bankers' balances, was a shipment of $6C 0,000 gold to Argent ica on
loaned on the Stock Exchange this week at 2 per cent Thursday by George 0. Gordon, agent of the London
and at I of 1 per cent, averaging about 1^ per cent. & River Plate Bank, against which bills on London
On Monday loans were at 1 per cent and at ^ of 1 per were drawn. Gold received at the Custom House
cent, with the bulk of the business at 1 per cent. during the week, $31,363.
Tuesday and on Wednesday transactions
On
Nominal quotations for sterling exchange are 4 86®
were at 1^ per cent and at 1 per cent, with 4 86i for sixty -day and 4 87.V@4 88 for sight. Rates
per
cent.
the majority
at
On Thursday far actual business on Monday were, compared with
1.^
and on Fflday loans were made for compara- those on Friday of last week, 6 points higher for long
tively small amounts (though sufficiently large to be at 4 846C@4 8470, 20 points lower for short at 4 8686
quoted) at 2 per cent; the business each day, how- @4 8696 and 16 points lower for cables at 4 8740®
ever, was done chit fly at ]| to 1^ per cent. Time con
4 8760; the tone was easy, except for long, though It
tracts were more firmly held and quotations on good grew firmer at the cIosp, and it was steady on Tuesday
mixed Stock Exchange collateral were 2^ per cent for at unchanged rates for long and for cables and 6
On Wednessixty days, 3 per cent for ninety days and 3^®4 per points higher for short at 4 8696@4 87.
fied,
cent for four to six months; some of the ofFerlngs for
day the market was easy at a decline of 10 points for
.
.
.
THE CHRONICLE
Sept. 17, 1904.]
995
long and for cables to 4 8460@4 8460 for the former coast of Asia, and relieving Port Arthur from the sea.
and to 4 8730@4 8740 for the latter, while short was It is but natural that the result should have been a
16 points lower at 4 8680@4 8690. On Thursday the reawakening of the prophets who have asserted that
tone was weak at a fall of 16 points all around- the war would be a long one and that Russia in the
long to 4 8436@4 8446, short to 4 8666@4 8676 and end would win through her superior resources.
Prophecy as to the probable duration of a war is
cables to 4 8716@4 8726; the market was then affected
No political or millcary critic
by liberal offerings of cotton and of finance bills. The always hazardous.
and steady on Friday at entirely ua would have been so venturesome in 1861 as to stake
tone was dull
bis reputation on a four years' continuance of the conchanged rates.
posted rates for exchange flict. Ganeral Bnller was not the only Eaglishman
The following shows daily
who believed, in October 1899, that the British
by some of the leading drawers.
DAILT FOSTBD KATES rOB FOBBION BXOHAKOB.
troops would "take their Christmas dinner in Pretoria;" and even people who deemed the General's
Thck., FBI.,
MON„ Tubs.,
FBI.,
;S'ept. 9. Sept. 18. Sept. 18, Sept. 14. Sept. 15. Sept. 18.
prediction a little injudicious would have laughed at
85
85
4 8&M
Brown
J 60 days
87«
87«
the suggestion that the fighting would still be going
Sight.. 4 88
Brothers
85
85
4 8BH
Baring,
} 60 days
on in 1902. Large allowance may therefore properly
It"
87«
87«
Magoun* Co. {Sight.. 4 88
85
85
86^
85«
60 days 4 85H
Bank British
be made in the present Instance for traits of national
88
87«
4 83
b8
87X
Sight
No. America.
i
«
.
I
.
60 days
{Sight..
Montreal
Canadian Bank ( 60 days
of Commerce.. \ Sight
Heldelbach.Iok- } 6" days
elhelmer & Co. \ Sight
( 60 dbys
Latard
jSlght..
Freres
Bank
of
J
.
Merchants' Bk.
of Canada
60 days
(Sight..
(
4
85X
4»'*^
4 85}i
488
4 85«
488
4 85^
4 88
4 85^
4 88
i§«
ll«
85M
i«
88
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88
85H
86)<
il«
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ii«
88
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8u
character or accidents of fortune to which due ac*
count had not been given beforehand. But it may
nevertheless reasonably be asked whether anything
has happened since the battle of L'ao-yang to reverse
the general opinion then entertained regarding the
outcome of the war.
We certainly do not consider the move of the B iltic
fleet as an incident bearing seriously on the matter.
There is, indeed, an element of the burlesque about its
documents for payment, 4 83f (^4 84|. Cotton for
departure for the East, which has led some critics to
payment, 4 83|®4 83|; cotton for acceptance, 4 8410
remind their readers of Admiral Camara's exploits in
@4 8420, and grain for payment, i 84g®4 84^.
1898. Then, as now, one great defeat had brought
The following gives the week's movements of money the government in question to the desperate resolve
that it must "do something." The Spanish Governto and from the interior by the New York banks.
ment, bewildered and without a plan, did the most
Received by ahivped by
Net Interior
WMk tnding Sept. 16, 1904.
foolish thing imaginable; its fleet sailed for the Saez
Movement.
y. r. BankB. S. T. Banks.
The market closed on Friday at 4 8436(^4 8446 for
long, 4 8666@4 8676 for short and 4 871 5@4 8726 for
Gommerclal on banks, 4 8410^4 8420 and
cables.
purpose of resauing the Pailip*
pines, and having reached Saez, it turned about and
$7,718,000
Loss. t8,737.000
Total cold and legal tenders...
14,976.000
sailed home again.
The demonstration of Russia's
With the Sab-Treasury operations and gold exports, Baltic fleet begins under very similar conditions.
If
the result Is as follows:
Port Arthur was to be relieved, the time to do it was
Into
Net Change in
Out of
three months ago, not now.
What the fi^et would
Week ending Sept. 16, 1904.
Bank Holdings.
Batiks.
Banks.
find in the Eastern seas to-day
supposing its journey
Loss. $8,737,000
Banks Interior movement as above
14.976,000
17,718,000
to be actually completed
would be a scattered and
83,400,000
24.900,000
Loss. 1,600,000
Sub-Treas. oper. and gold exports
$32,613,000
Total gold and legal tenders.
»a8.376,000
Loss. $4,837,000 demoralised Russian fleet remaining in those waters
The following table Indicates the amount of bullion instead of the powerful armament of Jaly,; a hostile
fleet which has had a chance to repair and re-equip; a
in the principal European banks.
garrison in Port Arthur less able to hold out in proSeptember 16,1904,
September 17. 1903.
portion to the longer continuance of the siege, and, not
Bank of
Silver.
aold.
Total.
Oold.
Silver.
7otal.
least of all, a chance that before the new naval force
£
£
£
£
£
£
can reach the Yellow Sea Its only port for refuge or
Bngland.... 88,153,731
88,168.781 84,814.073
....
84,314.073
France. .. 106,144,549 44,605,070 150,149,019 100,685,866 44,693.106 146,864,051 re-fitting, Vladlvostock, may be blocked by ice.
Oermany., 85,321.000 12,410,000 47.731,000 85 339.000 12,416,000 47,76?,000
94,86i,000
This, on the face of things, does not suggest the
aassla
8,580,000 103,448,000 83.876,000
8,275,000 91,660,000
us.-Han. 48,492,000 18,857,000 60,849,000 45,478,000 18,762,000 58,237,000
taking of a very serious view of that development. The
14,770,000 20,853,000 35,183,000 14,646,000 20,04S,000 81,693,000
Spain.
4,r88,900 20,161.900 19,344,000
Italy
88,073,000
2,893,600 81,637,000
argument in the case of Karopa'kln's army may ba
Currency.,
14,168,000
824.000
Gold
16,372,000
1,841.000
Loss. $2.2^0,000
Loss.
617,000
Oanal, declaring
its
—
—
.
NetherI'ds.
6,480,800
6.283,000
11,763,800
3,961.100
6,405,300
10,356,400
Nat. Belg.
8,834,000
1,617,000
4,851,000
2,888,000
1,443,(00
4,389,000
Tot. week.
368,531,480 110,198,970 478,726.460 339,998,0 :iU 108,841,086 448,333,124
ToLprev... 368.162.826 110,7»!6.247 478,887.678 38H.2fi6,9'<7 10R,616,818 447.813.606
THE NEXT MOVE IN THE EASTERN WAR.
different,
tie will, undoubtedly, receive
forcements; but so will the
patkln's fresh troops
must
the railway, while Japan's
some
rein-
Japanese; and as Euro-
arrive
In
driblets
through
new armies may be landed
in bulk by the easy passage of its transports, the reEvents have pursued a course, since the defeat of cruiting process itself would appear to be in favor of
Kuropatkln at L!ao-jang and his retreat to Mukden, Japan. The notion tha!; Japan will presently be exwhich have revived in many quarters discussion of the hausted and unable to continue fighting because of
duration and future incidents of the war. For one Its actual loss of soldiers on the field, may be at once
it has become evident that the position of the
Rasslan General after his retreat was more secure,
and the Japanese forces more exhausted by their cam
palgn in the south of the Peninsula, than had at first
been thought. At the same time, Ruaeia's Bitltic
fleet eet sail at the beginning of this week, with the
widely proclaimed purpose of moving southward along
the western coast of Europe, then passing to the
thing,
dismissed.
Japan's
present
60,000,000
population
compares with a population of 31,000,000 for North
and South combined in theUaited States of 1860,
and It was this relatively meagre total of inhabitants
which endured the confiicts of the ensuing four years
and the losses of both sides. Even In the sanguinary
battle of L*ao-yang the losses made no very formidable comparison with the battles of our Civil War, or
THE CHRONICLE.
996
[Vol. Lxxix.
Iq the tbree or ditions during 1903-4 may be said to have been norfour days' fighting of two weeks ago, with something mal as contrasted with the two years preceding, when
like 300,000 troops la action, losses on both sides have operations were disturbed by the miners' strike.
Oq
been reckoned between 30,000 and 00,000. But at the other hand, the set-back experienced in general
Waterloo, with lees than half as many combatants in trade and the depression in the iron and steel indaiSo it can scarcely
the field, and with returns of only one daj'a battle In- try were adverse influences.
aggregate loss was 62,000. At Qettya- be
cluded, the
the excellent
income showargued
that
1903-4
a result of
barg, with much smaller armies on each side, the ing
has followed as
of
At Leipslc, where the size of the wholly favorable circumstances.
As a matter
loss was 43,000.
contending armies somewhat exceeded that of the of fact, the efiects of the industrial relapse are clearly
troops at Llao-yang, the returns show no less than seen in a falling cfi in the merchandise traffic and the
of otber great
moderu
The
oonfltcta.
that Japan
no revenue therefrom. This merchandise traffic decreased
nearer to exhaustion than was the North In 1863.
from 18,227,961 tons to 16,663,220 tons, a loss of
When it comes to the matter of exhaustion, not of 1,694,741 tons, or 8*75 per cent, and the earnings from
population on which to draw for soldiers, but of re- the same fell off from $12,564,293 to $11,932,640, a
There has likewise
sources through which the conflict may be main
loss of $631,653, or 6*03 per cent.
tained, the case is, In our judgment, even stronger. been a reduction in the tonnage of bituminous coal
The traditional stubbornness of the Russian in a war from 8,437,326 tons to 8,059,243 tons, though it is not
Is fairly cited as a precedent; but it must be remem
possible to affirm positively that the shrinkage here
bered that this trait has heretofore been exhibited followed from business depression; it may have been
when fighting on his own ground. The problem of due to the fact that the bituminous tonnage In the
a prolonged contest five thousand miles away previous year was increased by reason of the miners'
from the centre of supplies is aItofi[ether different. strike in the anthracite regions. At all events, there
The recent comfortable assurances of the Russian was a decrease in the bituminous tonnage in 1903 4 to
Finance Minister will hardly deceive experienced the extent indicated. The anthracite tonnage inlisteners,
We are not yet far enough away from the creased from 7,932,891 tons In 1902-3 to 11,324,624
Transvaal War, where maintenance of an Eoglish tons in 1903-4.
army, trifling in comparison with the Russian force In
If, however, the merchandise traffic and the bituAsia, strained the resources of the richest nation in minous tonnage were noc as large as in the year imthe world. No doubt a more or less similar difficulty mediately preceding, they were, with that exception,
confronts the Japanese; but in the first place, Japan the largest on record, in which fact we see revealed
is the richer country of the two In available home capithe strength of the company's position. As compared
tal, and in the second, maintenance of her armament with a few years ago traffic has been enormously deshould be the less expensive. From the first it has been veloped. Take this very item of bituminous tonnage.
Japan which has floated half her war loans with her While at 8,069,243 tons for 1903 4, comparison is
own people, leaving to Russia the recourse of forced with 8,437,326 tons for 1902-3, If we go back to the
loans through note issues to meet the deficit in revenue. fiecal year ending November 30 1894 we find that in
What is perhaps of most importance, Japan is now, that period of twelve months the bituminous traffic
or promises soon to be, In physical possession of all amounted to no more than 1,690,228 tons. Similarly,
that she has fought for.
She has practically driven the merchandise traffic, at 16,663,220 tons for 1903 4,
the Rnsaians from Manchuria; only a fragment of the compares with 18,227,961 tons for 1902-3 but with
Russian force remains in Corea, and Port Arthur's only 8,260,404 tons for the twelve months ended
Supposing, November 30 1894.
fate would hardly seem to be in doubt.
then, both sides to be confronted with physical exEarnings have increased in a similar way. Conhaustion, nevertheless it must be remembered that the fining ourselves to the period since the reorganiziilon,
Russians henceforth have on their hands the policy of earnings from the merchandise traffic were $11,932,assault.
It is difficult to see but one Issue to such a 640 in 1903 4 and $12^664,293 in 1902-3, as against
situation.
only $6,466,030 in 1896 7. Passenger earnings were
$5,616 669 in 1903 4 and $6,236,897 in 1902-3, against
THE READING
REPORT.
$3,763,890 in 1896-7. Earnings from the coal traffic
The annual report of the Reading Company comes (anthracite and bituminous combined) were $16,921,at a time when the stock has been restored to full 800 in 1903-4 and $13,134,624 In 1902-3, against
Total gross earnings in the
rights, owlrg to the termination of the Voting Trust, $9,636,676 in 1896-7.
almost 70 per cent, the agand also at a time when transactions in the shares on seven years increased
the Stock Exchange are on a large scale, and being gregate rising from $20,746,864 to $34,939,396.
made on rising prices. After studying the report and
We have stated above that the surplus above
observing the exceedingly gratifying results displayed, charges for 1903 4 was $7,767,538. It is proper to
add that this is after liberal allowances for improvelittle surprise will be felt, we think, at the active de
mand for, and rise in, the stock, especially ^n view of ments and betterments, both on the Ri^ilway Comthe restoration of the shares to voting privileges.
pany and the Reading Coal & Iron Company. On
Perhaps the best way to indicate the great improve- the Railway Company the charge for improvement
ment in Income which has come within the last two was $1,173,766, while on the Coal & Iron Company
years is to note that the surplus above charges of the there was an allowance of $1,273,036 for new work at
three companies combined (we mean the Reading collieries, besides the charge of $464,241 for depletion
Company, the Philadelphia & R<^ading Rillway Com of lands making altogether nearly three million dolpany and the Philadelphia & E ading Coal & Iron lars taken out of earnings for these purposes, With
66,000
lost.
Inferecce
is
fair
is
COMPANY
—
Company) for 1903-4 Is $7,767,538, against only
$6,197,783 for 1902-3 and but $2,378,826 for 1901 2.
As far as the anthracite coal trafiSc is concerned, con-
a surplus of $7,767,638, the call for 4 per cent divi-
on the $28,000,000 first preferred stock
only $1,120,000 and the call for the 4 per cent
dends
Is
3
Sept.
THE CHRONICLE
1904
17,
997
on the $42,000,000 of secoud preferred
per cent was acstock would be $1,680,000 (only 3^
making $2,800,000
tually paid on these latter shares),
stock.
required for dividends on both these daises or
the contribution re
If we allow $476,000 more as
the general mortgage sinking fund,
quired towards
$84,6u0,0U0 to $110,000,000, the new stock to be
Issued from time to time, according to the requirements of the company as may be determined by the
It will be recalled that only two years ago,
directors.
get a total of $3,276,000 to take out of the $7,767,-
give a total Increase In the ordinary share capital of
the company In amount of $45,000,000.
dividends
we
that
is
was an Increase In the stock of
The two additions combined will hence
In 1902, there
$19,500,000.
638 surplus for the twelve months, thus leaving
Bat the growth in capital is simply in proportion to
roughly four and a-half million dollars— equivalent
Beading com- the expansion and development of the property the
to over 6 per cent on the $70,000,000 of
mileage of the system, and the
mon stock; and this, too, as already shown, after steady increase in the
spent for new equipment and for
making contributions of nearly $3,000,000 for im- enormous amounts
improvements and additions to meet the constantly
provements and new work.
summary of the enlarging requirements of the system. A summary
The report furnishes a sort of
statement is furnished in the report showing that
results achieved since the reorganization of the comexpenditures for additions and Impany on December 1 1896, and this makes very inter- since 1901 the
President Baer shows that in this provements and additional rolling stock have aggre-
—
'
€stlDg reading.
period $16,821,129 has been spent for
Of this amount $19,less than $31,017,365.
500,000 was supplied from the proceeds of the $19,500,000 new ordinary stock already referred to, $979,393
more was supplied by the Issue of new preference stock
was provided from surplus earnings
and, that is from 28.204 to 38,733. The increase in and $3,000,000
the three
aside for that purpose,
capacity of freight cars has been over a thousand specifically set
December 1 together, however, aggregating only $23,479,393,
million pounds. Daring the period from
temporarily advanced
1896 to June 30 1904 the Eiilway Company, in ad leaving $7,637,962 which was
These expenditures do not
revenues.
dition to the ordinary expenditures for maintenance out of surplus
expended for improvements and cover outlays upon new mileage or other capital purand repairs, also
during the late year alone
betterments the sum of $8,582,421. The increase poses. We notice that
expenditures $15,102,966 of new consolidated debenture stock was
in the track mileage alone from these
which $15,679,340 was
was 369 miles. The Philadelphia & Reading Coai created, from the sale of
& Iron Company has spent $5,870,505 for new work a- realized. The proceeds were applied in the purchase
coastruccion of
of which expenditures was charged t? of fifteen Atlantic steamships, in the
new equipment, gated no
the number of locomotives having been increased from
791 to 939, the number of passenger cars from 723 to
839 and the number of freight cars by over ten thous.
none
colllerleB,
260 additional miles of railway, and in the acquisithe Interest on
viding for all fire losses, accumulated an Insurance tion of bonds of other companies
guaranteed by the Canadian PaIt has set aside $494,063 which had been
Capital Fond of $1,000,000.
capital
account.
for
to provide
The Railway Company,
after pro-
the Philadelphia Sab way loan. The
Reading Coal & Iron Company paid off
cific.
$3,600,000.
The length of road embraced in the system now
comprises over 11,000 miles. The mileage Included
In the Canadian Pacific traffic returns Is 8,332, be-
of
sides
Philadelphia
its
6 per cent Coal
Trust Certificates,
amounting
1
The Reading Iron Company (the whola
whose stock Is owned by the Reading Company), in
to paying a regular 6 per cent dividend on
addition
its
&
capital
stock, has out of
its
period, the report tells us, rebuilt
earnings during this
its
entire plant, so
it is now one of the most modern and bestequipped iron plants in PennBylvania.
that
Norwithst'jnding
all
this
new work and expendi-
and notwithstanding also the acquisition of some
new leases, It is shown that fixed charges have not
Well may Mr.
materially Increased In the Interval.
Baer say that the Voting Trustees deserve high pralsa
for the good management of the interests committed
to them, and^declare that *'the companies have been
established ion such solid financial and basiness foun
ture,
dations
that,';with
conservative, progressive
manage
ment, their future prosperity Is no longer problemOf course, Mr. Baer also is entitled to
atic."
praise, for it has been his policy and methods that
have contributed in no small degree to the results
achieved.
GA NADIA N
PA GIFIC'S NO TE WOR THY
RECORD,
of another large issue of stock
contained in the annual report just Issued by the
Oanadlau Pdcifio Railway Company directs attention
anew to tho magnitude o? this company's operations
Tne announcement
and
affairs.
miles which are being built from a point in the vicinity of Sudbury to a point near Kleinburg on the
Ontario division. The construction of this line Is
rendered necessary by the proposed building of the
Grand Trunk Pacific Railway, which makes it undesirable to continue the use of the Grand Trunk Com-
between Toronto and North Bay for
traffic passing between Outario and Northwestern
Canada.
The traffic aod earnings oE the system have Increased In a most marvelous way In recent years, the
company's record In that respect not being surpasaed
by that of the leading Western systems in the United
States, all of which, as the reader knows, have enjojed strlklug expansion. In the late year there was
a further Increase in gross earnings of over two and a-
pany's
line
hilf million dollars, raising the total
to $46,469,132.
th« total of the
As recQQlly
gross was
as 1896
but
from $43,967,373
(calendar jear)
above *wenty
The growth ha^
ll6tle
being $20,681,697depariments of traffic. For instance,
passenger revenue!, which In the calendar year 1696
Sockholdera are asked to authorize an million
addition of $26,600,000 to tho ordinary share capital
of the company, raising the total of such stock from
,
which 438 miles of other lines are worked and
338 miles are under construction, making 9,108 miles.
In addition the Minneapolis St. Paul & Sault 8te
Marie Ry. and the Duluth South Shore & Atlantic
Ry., which are controlled but separately operated,
give 2,213 miles more, making a grand total of 11,321
Various pieces of new road are under conmiles.
struction, the most important, perhaps, being the 230
dollars,
extended to
all
•
THE CHRONICLE.
998
[
Vol. lxxu.
amounted to only $4,820,143, In 1902-3 were $11,001,- surplus revenue had been accumulated. Tons we get
973 and In 1903-4 further advanced to $12,418,419. a grand total of $89,894,772 of property and assets not
The freight revennes Increased from $13,187,660 In represented by capital liabilities.
But even this does not tell the whole story. In
1896 to $28,002,082 In 1902 3 and 129,236,821 in
addition to these assets the company still owns
1903 4.
may be contended
that In view of the present 11,338,360 acres of unsold land in Manitoba and the
diminished wheat yield In the Canadian North- West territories, which at the average price of
Northwest because of rust, early frost and other ad* the sales of the late year, viz., $4 10 cents per acre,
There are likeyerse conditions, somewhat of a set-back must now be would have a value of $46,000,000.
looked for. The smaller wheat crop certainly will be wise 3,744,324 acres of land in British Columbia, the
It
season's
an adverse influence, but we obserre that Sir Thomas
Shanghnessy, the President of the Company, in an
interview at Toronto, is quoted as saying what is
oertaicly true
that wheat, though an important item
of traffiCi is no longer such a factor with the road as it
was some years ago. He states that the development
of lumber, manufacturing, mining, and the increase
of mixed farming, have given the system a great
—
—
variety of traffic to rely upon.
The
statistics in
the report certainly bear
him
out.
value of which cannot be estimated.
Through
from year to year immade and desirable areas opened to cultivation and settlement.
Bat
aside from these advantages, the financial position of
its
large land sales
portant additions to population are
the
company
is
constantly being strengthened from
the proceeds of the land sales.
may point
amount of
In illustration we
that during 1903-4 a further
was deposited with the Domin$3,000,000
ion Government on account of the $15,000,000 Luid
to the
fact
Furthermore, we observe that even in the late yeara Bonds Mortgage, making a total of $3,600,000 deposquite large falling off in the grain freight occurred (the ited up to the end of the fiscal year. From the report
number of bushels of grain moved having been only we learn that the amount of deferred payments on
62,990,161 bushels, as against 63,822,710 bushels in land sold is now $16,262,308, drawing interest at 6
1902 3) and that gross earnings, nevertheless, increased per cent per annum, while the total of the Land
over two and a half million dollars, as already stated. Bonds outstanding (Government guar<inty) is $11,The truth is the traffic is being greatly diversified. 600,000, bearing only 3^ per cent per annum.
Probably few persons have an adequate idea of the extent of the growth in certain items of tonnage. In the
RAILROAD GROSS EARNINGS FOR
last three years alone the number of feet of lumber
AUGUST.
moved Increased from 899,214,646 to 1,267,804,'
R&ilroad gross earnings for August, according to
321; the number of head of live stock from 945,386 to
1,314,814, the number of tons of manufactured articles our preliminary compilations (which oomprise only
from 1,964,386 tons to 3,119,669 tons, and the ton- those roads which furnish early returns), make a much
nage in miscellaneous articles of freight from 2,30 6, better showing than did the early figures for the
months preceding. Instead of a decrease there ii'
970 tons to 3,620,616 tons.
In the matter of expenses the experience of the this time an increase. The improvement, too, iiCanadian Pacific during the twelve months under re- of fair amount, reaching $1,961,898, or 339 per
view was like that of the roads in this country. In
other words, there was a large increase in working expenses over the previous year, due not only to the increased mileage operated and the higher prices paid
for wages, fuel and supplies, but also to the unprecedented weather conditions that prevailed during the
winter.
The Canadian Pacific, lying so much
further
north, really
suffered more than our
cent.
Conditions were on the whole more satisfactory
than in most of the previous months. Industrial
affairs remained in a very quiet state, labor tronbles^
like those in the building trades being an adverse
feature, and the iron and steel trade continued more
or less depressed.
On the other hand, there were ft
number of favoring circumstances which, acting toown roads in this respect.
The result of gether, must have been of decided benefit to the roadie
the great augmentation in expenses was that, with We may ennmerete among these (1) a larger grain
gross earnings Increased from $43,967,373 to $46,469,- movement in the West, (2) a return to a nearly nor132, net
mal live-stock movement, (3) a much freer movement
South than a year ago, (4) a considerin net
earnings were actually reduced from $16,-
of cotton in the
836,846 to $14,213,106. Owing to this loss
earnings, the surplus above charges and dividends is able increase in the travel to the World's Fair at St.
not of such extraordinary proportions as in 1902-3, Lonis, affording extra passenger traffic to the roadi
but is nevertheless quite large. The ordinary stock with lines to that point; to which must be added (5)'
the fact that the month had an extra working day,
is now receiving 6 per cent dividends, and over and
August 1904 having contained only four Sundays aiabove the requirements for this purpose there is a
August 1903.
most noteworthy change, perhaps, as compared
Tne
amount of $1,666,204. This is entirely independent
of the income from land sales, which amounted for with the previous month, was the Increase in the liveIn reviewing results for July, it
stock movement.
the twelve months to $2,703,053.
nrplus on the operations of the twelve months in
agalnst five in
In one particular the Canadian Pacific holds a will be recalled that we referred to the great conwholly unique position. We refer to the large cash traction that had occurred in that month in the livesubsidies received by the company and the large pro- stock deliveries at leading Western points as a result
ceeds from, and immense value of, its land grants. of the strike at the meat- packing establlshmenti.
According to the balance sheet, the cash subsidies The waning of this strike during August (and itf>
from the Dominion and Provincial Governments and subsequent collapse) is clearly refiected in the livemunicipalities up to June 30 1904 were $30,673,283. stock figures. As against the noteworthy shrinkage
The proceeds of land sales up to the same date were in July, the statistics show for August shipments
$41,160,443. In addition, we may say, $17,661,046 of almost equal to those for the corresponding month*
.
.
K^nSiiS City, Caicago, Omatia, Si-.
deliveries of cattle
Louia and St. Joseph together, the
against 807,339 in Aagust
718,238 head,
.ast
Takmg
year.
aggregated
the same markets were
1903; the sheep deliveries at
head, against 776,489
only slightly less, being 763,443
hogs actually ran
head, while the deliveries of live
as against
ahead of last year, reaching 1,154,166 head,
1,106,592 head.
grain movement at the West was decidedly
The
August
larger than In
999
THE CHRONICLE.
Sept. 17, 1904.]
The high
of last year.
of grain attained during the
month
prices
evidently acted as
the reports
a stlmulas on shipments, notwithstanding
the growing crops. In the case of wheat.
of damage to
exceptional level of values was
It win be remembered, an
at Chicago, at St. LduIs
and
at
Kansas
reached; and
City the receipts were greatly In excess of those of 1903,
though at Minneapolis, which may be said to be the
head centre of the spring-wheat sections, there was a
considerable falling off in the wheat receipts; but
even here the loss was in part offset by larger deliveries
At the Western primary markets as a whole
of oats.
The overland shipments were
quite an increase.
bales
14,398
and
year
this
bales
3,033
last
year.
BBOBIPTB OF COTTON AT SOUTHBEN POKT8 IN AUOCST, AND FBOU
JANDABT 1 TO AUGOBT 31,1904,1903 AND 1902.
Since Jcmuary
August.
1.
Port*.
1008.
1903.
1904.
1902.
1908.
1904.
~T9,08e ^3,827 "6831019
714.074
70.843
946.835
86.723
90,962
348,680
43.709
76.748
balei.
Galveiton
Sabine Pa«s Ao.
66,755
1,366
New Orleans...
18.626
2,478
17,9*6
1,496
2,800
6,68e
37.719
20.361
68
100
467
47,118
709,834
40.130
25,49/
l,eS9
182
18,141
258.862
86,838
18,964
lis
189
4,086
28.178
369.198
46.527
33,627
141
68,243
83
60
10.114
6,454
149.625
167,001
163.187
328
402
704
2,782
16,067
16,663
26,677
"113.49;
6,876
linhllA
P«nsaoola.&o
4avannAh..
15
,
•••-•
Brnnswlok.&o
iharleiton....
861
PortBoyal, &o
100,923
683,084
72.417
64.181
V?aihlngton, Ao
ilorfolk
Newport Newi,
Total
fto
-
871
69,827
136,931 l!947.084 8.305,858 2,684,428
told that the present
The reader need hardly ba
year's Increase In earnings follows very striking Improvement in the same month of previous years. It
well, however, to recall that in August 1903
preliminary statement covering substantially the
the wheat receipts for the four weeks ending August our
as the present year showed no less than
37 were 33,064,131 bushels, as against only 16,207,536 same roads
or 918 per cent. Below we furnish
bushels In the corresponding four weeks of 1903 $6,093,998 Increase,
August totals of earnings and also
The receipts of oats were 33,191,125 bushels, against a comparison of the
wheat, oats, those for the calendar year to the end of Aagust for a
Combining
only 14,454,737 bushels.
years past.
corn, barley and rye, tne aggregate of the receipts for series of
may be
the four weeks Is 65,026,163 bushels, as against 42,366,066 bushels, showing a gain of, roughly, 12| million
bushels.
The
details of
movement
the grain
In
Wh$at,
Flour,
Corn,
(buih.)
(bbU.)
OMcaoo—
4wks.Aag..l904
wki.AnK..1908
4
463.694
6 4.771
ainoeJan.1.1904 6,22
M81
SliioeJaii.1.1903 4.645.539
mivauketwkt.AuK..1904
4wki.Aue..lU03
4
ainoe J&D.1. 1904
4,26 ,46S
8,197,430
11.020,193
12,003,869
175.8"5
486.803
307. 1 ZO
4.024 410
8,848.655
ai!9.«00
1 018.0
5
aUioeJan.l.l90S 2.012,026
8t.
LouU—
iwk». Aug.. 1904
Rvt,
(buih.)
(biMh.)
6,544.800 10,210,786
4.948,H00 7,652,488
•^,»12J.479
U.4tt8,2il
12,464.109
13.H05.05 11,846 641)
17.052,163 13,868,625
2,277.900
l,9i!3.880
6.038.747
8,660.102
4,491.50u
3,914.310
2.410
10,670
15,000
2,8«7 840
4.024,666
184,4?e
208.H96
1,042,555
1,211.018
2A2<'fl
19».8«0
i; 6.660
212,607
120.41
2,61U.0H4
2,318.969
94,347
183 4 14
473,63H
1,308,923
29.700
6.40 -.07*'
5,4U6,2U6
(7l«e«lan(I—
4wks.Aut.'..1904
4wki. Aa(r.,lC03
89.657
BlnoeJan.1.1004
ainoe Jan.1,1908
887 2»i
701.87H
wks.AQK.lt^OS
aino« Jan.l. 19CH'
ainoe J an. 1,1903
640,3U6
648,0^6
i>uluth—
4wks.AnK..1904
4wk«.ADK.. 1U0»
176.000
«8.fi0D
31 a6<
221,200
6lh,000
1
ainoe Jan.!, 1904 1.066,400
ainoe Jan.l, 1908 8,45j,900
Itinnravnlit—
4wki.Anir.,1004
4 Wkt. Aa^.. 1908
BlnoeJao. 1.1904
ainoe Jan.l. 1908
Kaniat Citv
t wki. Au(;.,1904
4 wki. Aui.'. 1908
ainoeJau.1,1904
Blnoa Jan.1,1908
lOfi.HOO
too
642,000
B-*5
2,317.63b
2,'J56.«42
»i!5 6k)l
5.1if3,-<-<l
108,444
4.608,378
i,ie<
2,014,400
721,600
7.48«,200
6,985,300
68 500
11.9i!2.00t
18,813,360
86.418
66.176
89,281 4.06l,f8J
974 2,401,5al
918.042
817,661
7.6)8,719
6.6 )7,9l8
200.60(
2.fl39,9f?H
3 662.730
1.442.H30
39.80f*,471
140, "ec
867,386
8,780.03'' 18,816.000
40.714.460
1,983 087 10,026,301
8,162,300
4.656,800
24.V86 870
14,806,840
071,801
1,096,200
9,878.20('
ii,asi,i4c
Blnoe.l»ii.l,1004!lO,H8n,67H
ainoe Jan.l. 1K08
II. 78w.i'r'
38,310
1,501,001
1,197,900
45,181
118,879
861,981
279,3b6
49,864
229,826
994.e7><
Hu4,9t«4
89.86"
181.090
898.020
4P0
6tM)
846071
R.797.800
3,066.090
738.400
9,248.920 13.191.125 l,044.6fl»<
9.576.74ti 14.454,787 1,6. 6881
63
6 711.317 10H,HV).9«« iO'1H:i315 ^6. 421. 412
97.H8»t,3B0ill7.9»5 6^- 1 533H801S 24.3«'^.H9^
487.420
610 ono
22.054.181
tfl.S07
1
t
40,991.389
41.899,317
43.616.838
38,801.626
43.190.342
46,682.848
54.751.100
57.143.176
65.166,714
98.047
58.887,908
72,605,' 67
81,849
69,445,629
98.605
94,036
90.066
93.260
328,894,962
95,316
88,742
92,879
04,185
96,484
96,069
88,006
90.H96
890,997,3
93,792
94,467
887,683 618
378,241,766
417,835,014
417,198,174
42»,396.197
536.623,632
419.174,839
88,6i!0
«
t
47,223.717 Dec. 6.267.378
245.634
680.699
48.926,138 Inc.
40.010,144 Dec. 1.808,619
88,626.890 Inc. 4.693,943
41.068.683 Inc.
44.446.940 Inc. 8.186.903
48.826.106 Inc. 6.486.094
53.731.004 Inc. 3.412.178
67,439.471 Inc. 7.716,843
B6.ai3,71ii Inc. 2.674.166
09.111.069 IfK. 6.093,098
67.494.231 Inc. 1,961,208
to Aug. 91.
(128 roads).
(120 roads)
(126 roads)
(116 roads).
1897 (114 roads)
1898 (181 roads)
1890 1110 roads)
1900 (106 roads)
(92 roads).
(76 roads).
98,376
93,167
86,053
90,102
93,855
0S.126
88,160
88.620
96.017
81,248
278736,348
326.634,571 Inc. 2,230.391
827,843.432 O«c.4S,607,089
«
887,e20,lH4 rn«. 12,877,201
287,248.002
272,696 995 fnc. 14,661.007
891,93)9.82': Inc. 6,306,103
S04,00862t fnc. 33.674,894
848,511,47:^ rnc. 80,730, 208
371.778,610 rne.45.S91,404
376,72e,86f< fnc.40,471,810
397,806.06 fnc. 82,060,185
8<)8,238,989
478,289,340 lnc.61,8'24,343
428,966.840 Dee. 4,781,601
NoTK.—We do not Inolade the Mexloan roads
In
any of the yean.
Among
21.60C
16.200
168,400
191,200
475.200
862.900
2,818,700
4,846,160
I'
1898 (121 roads).
1899 (112 roads).
1900 (106 roads)
1901 (99 roads).
1902 (76 roads).
1903 (76 roads)
1904 (67 roads).
Preceding.
Oiven.
1,460
"ld.677
lotal nf all—
4wkt. AiiK, 1904 1.202 02n
twkl. Auk, 190.1 1.67U4BU
(120 roads).
1897 1118 roads)
1903 (76 roads)
1004 (67 roads).
3,l39.4'-6
349,-35
760,100
1,101,000
96.280
96,687
89,991
98,108
94,186
96,798
96.376
99,961
90,102
68,129
88,160
1893
1894
1895
1896
783,410
4H3,77r
Peoria—
wkt. AUK.,1904
(186 roads).
(129 roads).
90,413
94.388
96,440
89.266
91,626
83.792
94.771
93.157
97,760
1901
1902
3
8.li9W
MilM.
02.933
Jan.l
8.900
11,063
68.100
98,538
8.70'
790 83
Preceding.
(130 roads).
31.779
70.314
488,878
797,797
1,313,001
800.000
1803
1894
1896
1809
76.800
48.000
788.400
6oi.euo
1.818,0O(j
l,140.»'e8
ainoe Jan.!, 1R04
ainoe J an.l, 1003
1.6^1.674
8.118,848
160.660
846.850
6.668,86
7,828.000
1.086.500
4wki.Au>:.,ll»0:^
4
',990
66,187,568 60,918,609 10.786,96*
444.600
90,850
413.400
66.560
1.780.3)0 4.622.860
1.511,710 6.969,600
218.340
1«5.700
331.988
415.026
43,000
2.000
Tolxlo—
i wks. AnK.. 1904
4wk8.Aag..l90!<
81nceJaD.l,lH04
aince Jan.1.1908
Detroit4wk8.Au»;..1904
BarUv,
819.225 9,ie9,74B
893,770 1.192 545
4,n5,6S0
218,100
17;. 15
4 wki. Autr.,i»«3
ainoeJan.l,l»04 1,43\U80
ainoe Jan.1,1908 1,860,870
OaU,
ihu$h.)
66,973698 48.88 '.896 11,69
Given.
.AitatMt.
Inereate
or
Deereate.
Tear
Tear
Tear
MUe*.
our
usual form appear In the following table
KIOBIPIS or VLOUB AMD OBAIH FOB FOUK WBEK8 ENDIMO AUOUBT 27
AMD BDICB JANUART 1.
Gtom Eamingt.
mieage.
Tear
4.043,631
4.«19 76S
the separate roads the losses In earnings for
large amouats are not very numerous, comprising
mainly roads In Colorado, like the Danver & Klo
Grande and the Colorado & Sjuthern, which atlU appear to be saff jrlng from the effects of the miners'
strike, and roads in the spring-wheat district, like
the Great Northern and the Chicago Great Western.
On the other hand, there are some very
satisfactory Increases, and It Is rather noteworthy
that these In most cases follow gains In August of last
Among roads of this class may bo enumeryear too.
ated the Wabash Rjilroad, the C^Dadlan Pacific, the
New York Central, the Southern Riiiway, the Louis-
South is never large in ville & Nashville, the Mlesourl Pacific, the Missouri,
August (It being too early for any considerable Kansas & Texas, the St. Louis Southwestern, the
amount of the new crop to come to market), but last Vcre Marquette and the Illinois Central, all of which
The
year in August the receipts were almost nil, reaching report gains this year on top of gains iu 1903.
table we now annex Indicates all changes on the
at the Southern outports no more than 6,875 bales.
The cotton movement
As against
In the
this exceptionally
small total last year the
present year's receipts, at 113,497 bales, obviously
separate
roads for amounts
show whether Increases
In
or decreases.
eicoss
of
130,000,
)
)
.
PBIROTPAL 0HABO1.8 IN
RK
BAKHIKOA IM .lUGCST.
Increases.
Mlnn.St. P.&H.bt.M.
934.883
93A9..S61
317.846
228.640
194,971
177.315
^^<! tnn
lo ^.tyu
C»nadlHiiPteOl()o
B. Y.Cent. A: Ilud. U..
SoattaerD Rallwuy
Northern PaolHo
Mo. Paolflo <felr. Mt. )
Central Uraoch ...i
Louis 8ontbveBt...
Fere Marquette
& Ohio
Tol.
.
9176.400
153,585
Canadian PaclWo
Oeniral of Oeorgla.
Ohattan. Bonthern.
Ohio. Great Weetem.
93,374
79,136
Ohlc. Ind. <te LouIkv.
Ohio. Term. Tr. HR.,
Olr N.O. (feTex.Pao.
A Rio Grande.
Oreut Northern Sys.
Denvtir
IlllnolaCenirikl
Colorado A Houlhern.
Ohlc. Oroal Western..
Baffalu Booh, d: Pitts.
96,138
91,258
83.497
70,780
69,279
55,356
A West
Mobile A Ohio
Naah.Ohat.&St.Lonla
62,>-22
48.882
Total (repreeeDtlng
19 roads)
cum^'lete oar analysis
of Road.
$614,199
we add the following
six-
year comparison of earnings for the more prominent
roads, arranged In groups.
1903.
t
474,688
& South.
0«n.&B.(jr.
Col.
1,41C,40(
1902.
t
553.71t
1,686.800
1,670,494
1,534,629
1899.
t
404,987
(
843,746
l,045,49^
660,131
873,9*8
J
lnt.& at. No.
487,805
418,34-
398,694
368,013
Mo. E. A Tex
Mo.P.&Ir.Mt
Bt.L. Sontbw
Texas & Pao
1.630.821
l,439.Eer
1,436.141
1,3-2,626
1,141,916
1.100,834
4,177,000
4,030,OOC
8,312
f 46
3,500.4*>c
3,037.518
2.701,790
714,139
898,86^
638,400
881,171
689,502
661,062
847,0fc0
481 36686.408
456,61)3
789,»5b
9.f43.607
Total
ajiBNIlfOS
S.4S>'.09l
8.559,877
807,'<99
623,«!42
tt.''m.C2a
7.59^.3^>^
OF NOBTHWRSTBBN AND NOBXH PAOIFIO OBOUP.
August.
1904.
1903.
T
1902.
1901.
--
—
1800.
1899.
2,474.037
087,702
Oreat North. Sys.
Iowa Central...
Mlnu.&St. LoQli
M.8t.P.&8.8.M
658.789
738,941
268,443
3,678,275
201,618
307,083
243 519
264.440
245.859
3,117.298
8,413.566
2,297.814
206.011
19^,859
307,71^
248.3(:8
579,969
4S2,689
3<8,ll2l
228,?9a
239.890
388,761
4.859,528 4,182,213
Dnlnth S.S.& At).
1
2,887,983
621.834
269,666
28»,880
3,637.891 8.791,476
202,615
207,887
265,05e
261.856
675.287
610,165
Ohio. Gt. West..
>
3,664.184
8,869,278
8,683,434
8,118,561
Z
/
611,158
60<,600
Total
504,016
8,868,802
\
>
Bt.PaulADul.l
Wliconsln Cent'l
190,992
8,037,84^
649,370
490,9ie
14,984,040 14,666,617 13,701,496 12,387,480 10,218,967
569,651
9,869,790
AugUit.
—29,735!
—2.9711
3.108,137
3,20l,£ll
Gr. Trunk of Can...
Gr. Trunk West
ci
Det.Gr.Hav.&M
Gt. No.— 8.P.M.&M.
&
Ship iBland.
Ilnois (Central
Illinois Southern
I
.
IntemaVlife Gt. No..
Iowa Central
Canawha & Mich .
& Western.
Lake Erie
Loalsv.
Uacon
A Naahvllle.
A Birmlng'm.
Hanlstlque
Mineral Range
Minn. &St. Louis....
VIlnn.St.P.&S.Ste.M.
Mo. Kan. & Tex
Mo. Pao.&Iron Mt...
Central Branch
Mobile Jack. &K.C..
Mobile* Ohio
Nash. Chat. & St. L..
Nevada-Cal-Oregon.
Tr34,67(
Haute*
1,138.130
35,65e
714,139
312,288
168.335
120,179
3,948,976
199,169
64,243
61,989
898,859
11,000
Peoria...
Texas Central
Texas APaotflo
rex. Sab.Val. & N.W.
ToL* Ohio Central..
379.006
121.233
862,476
53,068
& West'n.
A West...
Toron. Ham. A Bofl..
Wabash
Wheel. A Lake Erie..
Wisconsin Central..
razoo A Miss. Val...
t
172,484
682,140
608.477
598,0.?9
497.276
416,767
434,447
428,209
53,116.790 63.017,939 62,771.692 62.436.640 62.175.492
662,42/
661,863
489,132
698.148
466,8:i8
2,290.0(9
274,820
711.006
626.126
fl75,629
820.173
735,608
468,287
650.181
1899.
648,687
1
678,-;
89
8.549,009
8,948,978
3.764,00
8,498,266
3,073.846 2,850,811
660.814
505,217
429,06*
866.612
176,840
368,956
10^786.671 10^822,074
0.485,873
8,842,90^
7,583.877
7,471,845
681.GO0
\
Total (67 roads)...
ASlflHOB or MIDDLB AND MIDDLB WBBTBBD OBOUP.
August.
1004.
1003.
1908.
t
171.114
<
170,065
t
169,862
703.392
Ann Arbor...
Baff.Roah.& Pitts
0hio.Ind.& LonlsT
768,374
424,618
8.489.045
480,946
Grand Trunk Sys.
Hooking Valley.
3,108,187
3,201.(11
8,710.30>'
612,278
684,167
Illinois Central...
4,078.418
3,971.108
N.T.Cent.&H.B.t
7.821,269 7,092,6 8
Marquette... •1.188.180 •1,018.196
H
1901.
1900.
652,074
t
168.97-.
506.760
458,007
658
177
668
177
880
+ 5,<;72
+ 22,527
—11,174
880
+98,851 8.638
-423
+91,258
+ 113,000
+ 44,000
642
1.4«9
3,04
5.7:^2
+119,93^
—14 403
+ 125,649
+ 96,138
+ 11.378
+ 16,8.53
+194,971
+
14.241
1,468
2.738
6.806
338
137
912
888
1,212
144
1,201
3.422
5,610
2,108
180
1,303
158
165
166
7,200
80
8.890
5,488
2,0«0
180
1.298
158
+9,422
+59,279
+ 55,3.56
+ 3,888
+ 229,640
+ 177,316
87
64
187
648
127
— 13.203
+34 888
3.618
97
64
+2,020
+9.325
+ 10,228
86
918
lU
166
166
7,190
80
174
-»-18,90t
174
227
+17,688
1,767
1.707
+600
58
436
248
451
88
58
486
248
481
88
2,486
2.484
469
977
468
977
1,175
1,171
+83.013
+8.865
+70.780
+2.216
+359,361
—7,041
—6.653
—19,814
887
Nat'l
RR.
6,787,24';
6.795,167
078,060
904,236
788,617
199,195
186.808
262,962
266,68(1
173.S83
826,412
95,628
109,e2<<
98.627
891,606
286,034
270,169
193,061
2,181,42f
1.903,705
l,686,38i
1,527,818
395.791
402,832
863,017
814,49(
267.466
Wheel. &Ij. Brie.
Detroit River Ry. in 1904, In 1903 and In 1902.
t The Fall Brook System, the Beech Creek BR. and the Wallklll Valler RB.
included for all the years.and Boston & Albany In 1901. 1903, 1902. 1901 and 1900.
OR088 EARHING8 AND MILEAGE I» AUGUST.
3ro»s Earnings.
1904.
1903.
9
Alabama Gt.Bonth'n.
274,820
268,522
Ala.N.O.&Tex.Pao.N.Orl.&No.Eaet..
Ala. & Vlckab
VlokBb. 8hr.&Pac..
Ann atdoi
Mileage.
Increa»e or
1904
Decrease.
199,281
103,061
108,545
204,020
86,812
107,908
170.086
9
+16,296
171.114
+ 16,243
+ 637
+1.029
1,677
1.376
of Boad.
1904
I
1903.
Trunk
809
19t
14:
189
29i:
196
14S
189
292
2,046,503!
1,909,25^
1,584,866
755.821
842,769
|
:
j
Inereaee.
S
1,40-., 26:1,240,284
35,367
48.661
4,839.787
5.196,39/
30,356,478; 29.515,966
5,896,545,930,591]
82,740'
82,166
4,882,785
5,118,21s
3,431,640
3,479.194
935,939
1.150,83^
4.522,381
4,424,516
3,387,158
4080.091
Deeream.
8
187,247
43,624
86.357
64,061
164979
18.394
356,606
839,512
34,044
684
235.488
47,654
164,899
97,866
692,988
10,190,395 11,130,364
879,298'
1,087,964
1,618,813,
1,876.016
l,097,8ti8
1,143,256
939,069
188,666
262,208
45,388
A
.
1,516,261
,
.
Nashville..
Maoon A Birmingham..
Manlstlgue
Mineral Range
Minneapolis A St. Louie
21,631,360
23,146,621
22,636,289
1,603,129
1,183,314
3,674,162
30,682,3; 6
193,246
3,332.122
23,798,687
1,461.589
1.166,76i
4.217,264
30,922,3996,56'
l..'561.9C5
Hooking Valley
A
1908.
'
31.
')
Illinois Central^
Illinois Southern
Great Northern.
Int.
Lake Erie A Western
TO AUGUST
906,830
I
.
Gr. Trunk Western.. }
Det. Gr. H. AMllw..)
GreatNo. St.P.M. A M.
East'n of Minnesota $
Montana Central
Gulf A Ship Island
Kanawha A Michigan.
809
$
1
1,541,344!
841.8781
.
Colorado <b Southern...
Uenv. A Rio Grande.. )
Rio Grande Western s
Detroit Southern
Dul. 80. Shore A Atl
Qa. Southern A Florida.
Louisville
-4,739
-46,522
GROSS EARNINGS FROM JANUARY
Iowa Central
»
»38,859
Figures are for four weeks ending Aug. 27.
(i^rand
&
of Road.
736
321
268
y Figures here given are for three weeks only of the month In botk
week not yet reported.
Chlo. Ind.A Loulflv
Ohio. Term'l Transfer..
Oin. New Orl.ATex.Pao.
21.6(6.086 20.761.382 18.737,llr 18,197,15: 16,960.876 14,169,607
Includes Lake Brie
736
321
263
years, the foorth
Alabama A Vloksb'g.
5,9S0,876
216,160
346,998
112,37^
—210
+ 18.300
+ 8,991
of Mexico..
Vloksburg Shr. A Pao.
Ann Arbor
Belief oute Central
Buir. Rooh. A Pittsburg.
Canadian Paclfio
Central of Georgia
Chattanooga Southern.
Ohio. Great Western
8,400,469 3,888.178 8,881,721
.)
1/53,780
Pac—
393,400
2.480,78^
name
4.S88
187
1.104
y62,77l
892.337
Ala. N. O. A Tex.
N. O. A Northeast'n..
t
185,617
6C0.037
863,476
Wabash
•
4.374
137
1,159
+8,093
11403,710
11440,500
1899.
312,288
379,006
181,888
Vol.A Ohio Cent.
Tol. Peo. A West.
Tol.Bt.L. & West,
Total
888
sei
347
^1403,500
11458,700
.
Name
363.997
2,645,840
502,684
642.068
448.107
T.
261
59,445,529 57,494,231 •(-1,961,296 83,160 81,848
Alabama Gt. Southern.
&
5.888
347
+19 4S7
346.99:1
Mexican Roads— Not inclod ed in totals
1[
L. Van.
401
674
888
+4,260
i
Mexican Railway ...
Mexican Southern
432
574
895
+ 28,106
+ 107.315
112.378
291,695
50,852
2,121,426
2,480,78
395,79
402,83^
611,15 j
604,500
531,000
550,814
Interoceanlo (Mex.)..
490,184
2,888
170,303
686,687
512.620
LLSl
2,398
-148,300| 5,628
—5,285
seo
593,143
820,173
18,895
7,092.629
4,182,213
1.018.195
50,059
588.490
216.150
146,957
103,326
3,764,007
184,928
64,015
43,0S8
881,171
10.400
4,3^:9,528
8«
—93,374' 4,085 4.088
ir26.248
652.422
875,529
22.78S
7.321.269
Sorthern PaolHo
Pere Marquette
Rio Grande South'n.
St. LonlB Southwes'n
8t. L, Van. & T. H...
San Fran. & No. Pao.
Boathem Indiana
Southern Railway.. .
I.Haate & Indlanap.
r.
1,686.800
3,462,169 8,600,469
185,722
191,007
153,713
157,973
612,273
684,167
4,078,41S 3,9" 1.108
23,362
15,269
437,80.''
418,348
202,615
207,887i
159,06fi
136,533
477,198
488,372
3.116.79( 3,017,939
lO.HOe
10.819
9.628
7,608
47.825
56.650
251.865
266,058
610.156
575,267
1.530.821 l,439,f63.968.000 3,856,000
1 66,000
209,000
i
S
200.720
1900.
* Freight on material carried for company's own use Is no longer credited to
earnings, the item having been eliminated from both earnings and expenses.
The flgores for 1904, 1903, 1902. 1901 and 1900 are given on this basis.
8t.
-79,136| 1,120
1^3,27fi
t
227.421
Yazoo&Mlss.Val.
Pare
+ 83.4971
269.566
133.473
»
368,528
lfath.Chat.& St.].
bonthern Ry... )
8t. Louis Dlv. 5
Total
647
lOS
88«
-9,439'
130,502
1901.
Alabama Gt.So.
Cant, of GeorKla.
& Ohio..
566
102
836
134,333
1902.
1
Mobile
106
+ 21,739!
239.8301
IOCS,
1904.
OlnJJ.O.ATex.P
Lonliv.&Nashv.
1,846
105
818
BhoreAAtl.
Dul. So.
rol. Peoria
tol. St. L.
BABNINOS or aODTHBBH OBOnP.
1.878
+2
Ga South.* Florida
1,410.400
N.X.Ceu.&Hud.Suv..
$
4.394.000 4.076,154
e92,iie
629,294
Pacific
North. Paciflc.b
K.eee.oii
307,18'
+ 25,819
974i
— 62.822
— 176,400'
— 18,fl43:
Oalf
I
471,114
1»0».
——
—
-2,118
27
—48,882
658
600
+317.846 8.329 7,748
5,656
752,274
4,394.00C 4,076,164
711.006
685,687
13,836
10,862
629,294
692,116
480,94'£02,694
141.296
131.857
626,126
642.629
558,719
474.583
Montana Central..
19C0.
1901.
t
627,941
1904
n
3.»8
Hocking Valley
1004.
o>
Decreate
708,392
Colorado & Southern.
Denv.A Rio Grande I
Rio Grande West J
Detroit Southern....
Eastern of Minn,
BABNIMOB OF SOnTHWBSTBBN OBOUP.
August.
UiUaot.
Inertatt
1903.
1904.
Vol. Lixix.
Hamittot.
flro$$
Mame
Belief onte Central..
Boll. Koch. A Plttab.
Decreases.
H9,9a6
LouievlU^ A Na<ibvme
8t. Louie Van. & T. H.
Mo. KanfiUKA Texan..
Oln.N.Orl.ikTexaeP..
I
$2,411,092
19 roadsK
Mnutanu Central, s
107.316 Giand Trunk Byei'm )
98.851
of Canada (3 r'da) S
Canadian
1
S
Total (repr^Heutlng
125.649
R.Or.W,.
—
:
I
33,013
Central...
Bt.
To
)..
.
.
i
GROHN
luereaaea*
Tol. St. L.
.
THE CHRONICLE.
1000
Wftbaab
.
1,552,627
"9,338
1,077,680
3,^07,241
24,067.192
78.215
54,827
l,037,78t'
39,89
411,180
1,753,719
1,156,398
141,540
16.552
543,102
240,041
101,679
150,788
3,382,00,^
S,4U3,5U2
24,003,354
90,536
46,408
377,7i7
1,887,665
196,351
63,838
ia,88i
8,419
33,893
133.946
—
.
Sept.
.
.
THE CHRONICLE.
17, 1904.]
name
oj
1903
1904.
Road.
Increatt.
$
Minn. 8t. F.& 8. 8te. M..
Mo. Kan. & Texas
Mo.Paolflo & Iron Mt...
Central Branoh
Mobile Jaob.A K. City..
Mobile & Ohio
Nashv. Obat. & St. L...
Nev.-Cal.-Oregon
N. Y. Cent.& Had. Rlv..
Northern Paoltio
Pere Marquette
Rio Grande Southern..
St. Louis Southwestern
St. LoulB Vand. & T. H.
San Fran. & No. Pacific
Southern Indiana
Southern Kallvay
T. Haute & Indlanap...
Terre Haute & Peoria.
Texas Central
Texas & Paolflc
Texas Sab. Val. & N. W.
roledo & Ohio Central.
Toledo Peoria & West'n.
&
Western....
Toronto Ham. & Bufl...
•-*•.
Wabash
Wheeling "&'iiake Erie..
Tol. St. L.
•
•••
Wisconsin Central
Yazoo
&
Miss. Valley..
4,210.315
ll,045,28e
26,638.619
1,126,000
4,406,698
10.706.S78
26.847.480
897,000
11288,007
5,061,641
6,875.39S
119,646
60.056.868
29,853,994
7,464,171
289,864
4,940,739
1,888,959
5,081,969
6,624.497
120,855
62,642,089
29.766,129
7,241,777
346.4" 9
4,557.100
1.636.822
903,019
846.048
29,763,486
1,351,868
419,873
406,209
7,093.037
93,200
2,844,327
871,967
2,310.930
434,751
15,319.835
2,709,258
4,190,979
4,891.468
-
11309,839
869,03'>
697,265
28,413.586
1,321,799
406,647
342.860
7,280.472
87.30
2,509,627
846,455
2.049.429
378.336
14,416,817
2,952.020
4,460,687
4,575,228
Total (67 roads).... 419,174.339 423.956,840
Net decrease (113 p.c.)
Dt^tate
8
196,383
339,908
208,861
229,000
78,368
250,903
"i,209
3,685,721
412,135
222,894
'56,695
888,639
252,137
33.989
148,783
l,340,vOO
30,069
13,226
63,349
157,435
165,300
25,5V2
261.501
56,416
903,018
342.762
269,708
316,240
6,638,670 11420071
4,781.501
Mexican Roads— Not included
Interooeanlo (Mex.)
Mexican Railway.......
Mexican Southern
Nation aJ BR. of Mex.
In totals.
114,076,070 ir3,578,280
113.927,400 118,618,600
497,790
V760,044
v650,112
109,932
7.666.843'
7.721.664
and visiting bankers up the Hudson River to West
Point on the palatial steamer "Charles W. Morse." Refreshments will be served during the trip. The party will remain
until after drees parade in the afternoon, returning on
friends
special trains, to arrive in
20,338
"5.900
1001
310 900
54,721
y These flgnies are down to the end of the third week ot.Aag. only.
H Figures are for period to Aug. 27.
New York
at six p. m.
—It is reported that a membership in the New York Stock
Exchange was transferred this week for a consideration of
$76,000.
—The Nineteenth Ward Bank of New York was represented at the American Bankers' Association Convention by
Mr. Edward S. Avery, who is the law officer of the bank.
This is the first time that a bank has been represented at a
convention of the association by a law officer. In his work
for the Nineteenth Ward Bank Mr. Avery has tried to
demonstrate that a law officer can be useful to the depositors
of a bank and produce profits to almost the same extent as a
trust officer can do for a trust company. Mr. Avery contends that the success of the trust companies is due to the
fact that they afford facilities which the banks have failed
to afford their own depositors. He believes that conditions
have changed and the requirements of depositors have
changed since national banks were first organized, and that
the national banks do not make adequate provision for the
investment class. In addition to his connection with the
Nineteenth Ward Bank, Mr.Avery is the Trust Officer of the
Van Norden Trust Company.
—The
latest bank statement of the Citizens' Central NaBank, 320 Broadway, reveals considerable growth in
business and a prosperous condition of affairs. The institution's deposits have advanced from $24,207,518 on March 28
tional
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
—The pnblic sales of bank stocks this week aggregate 296
1904, fourteen
days after
it
commenced
business,
to |26,238,which 43 shares were sold at the Stock Exchange
969 on the 6th inst., while its undivided profits have inand the remainder at anction. The transactions in trast
creased from $31,702 to $105,787 during the same period.
company stocks reach a total of 75 shares. The anction sales
It will be remembered that the present Citizens' National
inclnde a block of 2G0 shares (par valne $25 each) of Chatham
Bank was the consolidation of the old National Citizens' and
National Bank stock, which was sold in one lot at 335^.
Central National banks of this city last March. Its capital
Price.
Last previous tale
BAinsft— ATew TorK.
Mliare*.
stock is $2,550,000, in addition to a surplus fund of $510,000
Aug. 1904— 234
20 Atnerloan Exchange Nat. Bank 235
33514
Aug. 1904— 389\
200 Chatham National Bank
and undivided profits of $105,787 previously
shares, of
1T40Oommprce, Nat. Bankof
13
215-217
Importers' & Traders' Nat. Bk. 671
226
22 Oriental Bank
Tkcbt Companies— iyrew lork.
80 Bowlinjf Green Trust Co
210>fl
25 Mercantile Trust Oo
1000
Sept. 1904— 215
Aug. 1904— 574i«
Mar. 1904— 232
1903— 200
June 1904— 1001
Dec.
1[ Of this. 30 shares were sold at the Stock Exchange.
Stock Exchanice.
*Sold at the
—The American Bankers'
mentioned. The
aggregate resources are now $31,064,856.
Mr. Edwin S.
Schenck is the head of its administration, and Mr. Ewald
Fleitmann is Vice-President
Mr. Henry Dimse, Cashier
Nelson A. Reynolds, Albion K. Chapman and Leo H. McCall,
;
Assistant Cashiers.
Association has been in annual
The meetings of the
Trnst Company and Savings Bank Sections took place on
Tuesday, the regular convention opening on the following
day and concluding yesterday.
shall issue on Saturday
next our usual Bankers'
Trust Section, reporting in full
the proceedings of the convention. Divers entertainments
planned by the New York bankers were participated in by
the visiting delegates, including trips to Luna Park, theatre
parties and receptions. Many also took advantage of the
National Park Bank's invitation extended through Mr. Bel-
—Nearly four hundred persons attended the reception ten
dered by the Van Norden Trust Company of this city last
Tuesday evening to its stockholders and depositors and to the
members of the American Bankers' Association at the open.
Ing of the company's new banking house, Fifth Avenue and
Sixtieth Street. A supper was served early in the evening
after the officers and directors had welcomed their guests.
A great many out-of-town bankers took advantage of this
mont
The
Warner Van Norden, Warner M. Van Norden,
William F. Havf meyer, James Talcott, John Claflin, Henry
F. Shoemaker, Richard L. Edwards, Jonathan B. Currey,
Thomas P. Fowler, Ernst Thalmann, Charles W. Morse,
Mahlon D. Thatcher, Henry H. Cook, Henry T. Bronson,
Arthur A. Fowler, William Nelson Cromwell, Seth M. Milliken and Henry Phipps.
session in this city the past week,
We
&
to inspect the
new subway.
directorate:
delegates and their families have been unanimous in
their commendations of praise of the way in which New
York City has handled the vast number of visiting delegates;
and they are agreed that their thanks and gratitude are due
Mr. G. S. Whiteon, Vice President of the National City
Bank, whose arrangements for the care, comfort and entertainment of the guests were so admirable and complete. He
was ably assisted by Mr. Walter E. Frew, Vice-President of
the Corn Exchange Back, as Secretary; Mr. Gates W.
McGarrab, President of the Mechanics' National Bank, as
Treasurer, and Major Charles Elliot Warren of the Lincoln
National Bank and Mr. Charles H, Stout of the Liberty National Bank, as joint Chairmen of the Entertainment and
Reception Committee.
—The visiting delegates and friends of the Trnst Company
Section of the American Bankers' Convention were guests of
the local trust companies at an elaborate luncheon given in
their honor at the conclusion of the Section's proceedings at
the Waldorf-Astoria last Tuesday morning. Messrs. Lawrence L. Gillespie, Arthur King Wood, J. F. Thompson,
Philip S. Babcock and Clark Williams were the committee in
charge of this pleasant affair.
—The
America
officials
and directors of the National Bank of North
of this city will to-day take
opportunity to inspect the institution's magnificent home
which we described in these columns on the 27th ult.
The following prominent interests are members of its
h large party of
it
— Another extension
tion of the
has been granted for the reorganizaof Springfield, Mass.
Hampden Trust Company
The company has been in receiver's hands since December
last.
An order was issued, however, allowing the trust
department to continue until July 1, in the hope that arrangements might be made to reopen the institution. Subsequently the time was extended to September 15, and now
November 1 ia the final date set by the court.
—The Corn Exchange
latest
National Bank of Philadelphia in its
statement (September 6) shows deposits of $16,444,944,
surplus and profits of $887,801, and total resources of $18,823,*
646.
On September 5 1900 the bank reported deposits of but
$11,471,770, surplus and profits of $689,688 and aggregate
resources of $18,111,464. Five years earlier, on September
28 1895, deposits were $4,652,912, surplus and profits $436,604 and resources $5,844,518, while on October 9 1890 the
eame items stood respectively at $2,181,693, $341,828 and
$8,068,416.
THE CHRONICLE.
}{){)2
— Former
[Vol.
lxill
teen
Surety
Company of Philadelphia, to eacoeed the late Charles
Swain. With Mr. H-jraty'a advancement, Mr. Joseph H.
Sinn becomes First instead of Second Vice President as
with forty-five and a-half millions, the Merchants' Loan &
Trust Co. with over forty-three and a-half millions, and the
Continental National with over forty-one and a-half millions.
Fifteen Chicago banks show deposits ranging from eleven
heretofore.
Hix
Vlce-Prealdent
Michael P.
Heraty has
elect jd President of the City Trnst, Safe Depoait
&
M
—The
death of Mr. Jacob Hech, President of the National
Secnrity Bank of Philadelphia, is announced. Mr. Recb
was one of the incorporators of the bank. He became its
Vice-President in 1886, and since 1898 had been its chief
ezecntive.
Appropriate reaolations on his death were
adopted by the directors on the 18th inst.
—The organization
of the Hangarian- American Savings
&
Trust Company of Daquesne, Pa., recently chartered, has
been perfected with the election of the following officers:
President, Mr. J. M. Friedman; Vice-President, Rev. A.
Kolassy;
Treasurer,
Jacob Klein, and Secretary,
David
Sh'ermer.
upward; fifteen more from two to
more between one and two millions.
millions
the Ist inst. approved the application of the Union National Bank of Johnstown, Pa. The
capital of the bank is to be $300,000. The application was
presented by George H. Love, Joseph K. Love, William H.
Sunshine, Percy Allen Rose and F. S. Love.
and
Daring the
last
quarter the ten Chicago banks showing the greatest increase
ia deposits were the following, in order
:
Increast June 9
to Sept. 9.
(1)
Com
ExchanRe National
W, 171,984
(3)
OoDtlnental National
(8)
Northern Trust Company
Commercial National...
(4)
4,006,561
2,i89,56e
2,175,088
1,984,211
1,641,255
1,554,811
1,328,169
1,152,516
1,035,335
National
(5) First
&
Bavlngs
& 8avlnK§
(8) Illinois Trust <fe Savings
(9) National Bank of North America
(10) Merohante' Loan & Trust Co
(6)
Flrat Trust
(7)
American Trust
—At a
— Thb Comptroller on
tea millions,
Trust
meeting of the board of directors of the Equitable
of Chicago on the 18th inst. it was voted to
Company
making the snrpluB
and the usual semi-annual dividend of 4 per
cent was declared, payable September 15.
transfer $50,000 to the surplus account,
now
$350,000;
—Charles J. L, Kressman, for
—Mr. Francis White, identified as director with several
banking institutions of Baltimore, including the Safe Deposit
& Trust Company, died on the 11th inst. Mr. White was
the past four years Cashier
Savings Bank of Chicago, baa
resigned his office to accept an important position with the
Warwick Construction Company and the Southern Fire
Brick & Clay Company. John A. Schmidt has been advanced from Assistant Cashier to the Cashierehip of the
Metropolitan Baak.
eighty years of age, and was the last surviving original
trustee of the Johns Hopkins University.
report in pamphlet form of the proceedings of the
tenth and eleventh annual conventions of the California Bank-
—The Ohio Valley National Bank of Cincinnati is now a
part of the First National Bank of that city, the stockholders
of the respective ioBtitutions having during the past week
ratified the merger as recommended by the directors a month
ago. Action in the matter was taken by the First National's
stockholders on Saturday last, at which time they authorized the additional capital to be put out, increasing the
ers'
—According
an advertisement siecned by Cashier Robert
L. McCarrell, the Old National Bank of Washington, Pa., is
closing
up
to
its affairs.
amount from
$3,000,000 to $3,7CO,000.
The merger was
rati-
Trust
of the Metropolitan
&
—A
The proceedings of both
bound in the one volume, which covers the meetings
held in 1903 and 1904, the former at San Francisco on Ootober
26 and the latter at Los Angeles on May 19, 20 and 21 the
Association has been issued.
are
present year.
—The charter
of the
Union Savings Bank
Cal., lately consolidated
of Riverside,
&
with Riverside Savings Bank
Trust Company, has been transferred to the laternational
Savings & Exchange Bank. A petition, asking that the place
of business be changed to Los Angeles, will be heard September 12, Mr. Jotin Lopizich has become President of the
bank and Mr, Jules KauSman Cashier.
by the stockholders of the Ohio Valley National on MonFive of the directors of the latter have been elected to
the board of the First National, the new members being
Clifford B, Wright, Thomas P. Egan, B. Bettmano, James
Espy and Franklin Alter. Two resignations from the old
The Security Savings Bank of Los Angeles has taken
board of the First have occurred, A. H. Mitchell and J. J. possession of its new quarters in the recently constructed
Hooker being the retiring directors.
Heimin W. Hellman Building, corner Spring and Fourth
—An offer of $330,000 for the assets of the Akron Savings streets. The offices are on the ground floor, facing both
Bank of Akron, Ohio, made to the receivers by Mr. George thoroughfares. Over two thousand boxes are contained in
D. Bates, Cashier of the Second National Bank of Akron, the safety deposit vaults.
was accepted by Judges Kohler and Haysen, of the Common
Pleas Court, this week. The Akron Savings Bank suspended
on April 5. The receivers were directed to pay to the credit"
AUGUST.
IMPORTS
ors a 10 per cent dividend (th9 first) some weeks ago.
The Bureau of Statistics at Washington has issued
—The following prominent names have been added to the
directorate of the Jackson Trust & Savings Bank of Chicago: the statement of the country's foreign trade for
fied
day.
—
AND EXPORTS FOR
Joy Morton, President of Joy Morton «fe Co., and brother of
Paul Morton, U. S. Secretary of the Navy; D. H. Barnham
of D. H. Burnham & Co.; W. R. Morrison, Treasurer of
Standard Office Company, and Wm. C. Thome, Vice-President of Montgomery Ward & Co. These names strengthen
the board of management of this new and progressive Chicago bank. Within the current month the Jackson Trust &:
Savings will move to its new and oommodious banking quarters in the Railway Exchange Building on Michigan Avenue
and Jackson Boulevard, where it will be abuadanrly and conveniently equipped for doing the greatly enlarged business
it has reason to expect.
—A year ago
was
last
the aggregate deposits of all Chicago banks
slightly in excess of |500, 000,000.
week
The showing made
in the published statements of fifteen national
and
thirty-one State banks in that city aggregated $569,768,088—
amount ever
officially reported.
a gain of
more than $21,000,000 over the Jane reports of the same
banks, the increase beiag divided almost equally between the
national and State banks. The First National Bank leads in
deposits with over ninety one millions, the Illinois Trust &
Savings being a close second with eighty-two and a-quarter
millions, followed in order by the Corn Exchange National
the largest
It is
It and from previous statements
prepared the following Interesting sum-
and from
A.ugust,
WQ haye
tnaries.
FOBBION TBADB alOVBM BUT OT THB UMITBD STATBS.
(Intbe rollowlnn tablet three elpheri (000s) are in alleates omitted.]
1904.
,
Bxctu.
%
SoOTOi
-H 17.804
a9'i.e62
a«-Z.960
5*4 5,877
83.88*
93.0SS
/an.-Moh....
A.pr.-June..
71.169
87,512
-1-14.055
Total
1903.
.
I
nereh'dlse.
JnlT
AnffQSt
.
Imrortt.
%
Bmfortt.
-f47,5S5
-1-3,176
Marortt.
%
391.678
303.880
91.813
89.416
~831.6S8"~66r.^8 +184720 ~87S!81I
Imvorti,
%
Mxcttt.
t
384.087 --1^7.646
348.717 -f57.8e3
83.188
83.019
-(-9.ea3
-i-7.897
'o7a!6il720r.MO
Sold and G«ld In Ore.
4.888
64,061
33.116
39.618
-17.728
3,886
-1-38.413
38.701
1.083
8.02S
—7.848
AnROSt
10.763
7.761
-f3.008
9,118
86
8.898
3,580
4.e81
7.819
Total
S0.29S
64,450
-t-13,8l5
40.689
30,151
-1-6.202
11.100
-t-6.S90
-1-3.336
6.896
3.015
3.080
4,660
3.881
3.561
3,869
-H8,08l
33.540
14,914
Jan.-Mob....
Apr.-June..
July
-3,761
-1-33.181
-f4.487
-7.7<4
-t-14,0&3
SIlTer RDd Silver In Ore.
Jan.-Meh...
Apr.-Jane..
July
13.026
13.341
AuKast
4.6S6
4,^49
6.881
6,961
1,381
3.614
Total
35.761
17.670
+ Bzcess
of exports.
-+-3,151
—Bxoess
of Imports.
-1-6.440
-t-1.07B
-1-461
—S4B
+7.618
.
Sept. 17, 1904.
THE CHRONICLE.
|
BKCAPITULATION.
subjoin the totals for merchandise, gold and
since Jan. 1 for sii
silver for the eight,. months
We
Avffust 31. 1004.
t
Ola**iMationof Debt—
896.157,630 00
Interest-bearing debt
1.841,870 86
Debt, interest ceased
Debt beariUR no Interest. 388. 809.845 88
years.
.
Imports.
Mo$. BmporU.
1904.851.0S»
1903.878,911
1904.841,P2H
1901. 939.88B
1900 016.00
1899. r»4.60'
Bxctu
Exeet*
Ex-
of
Export*
port*.
f~
~~i
t
667.018 184020 80,29f 64.450
676.081 40 930 40.539 46.456
1
614418 407510 3•^46tt
Ex-
of
port*.
0.986
1
a79.e6i 359078 34.617 43.496
564.»'98 35I161 51.708 34.137
5 1 5. 90 477400 34.259 31.676
port*.
Ho*. BxporU. Imyort*.
Exet*i
1904.
1903.
190a.
10011900.
1899
*
port* Exports
«
I
t
»
1
Im-
port*.
19.231 11.846 16.080
9.208 14.480
183.788 138 071 45.002 10.190 6.738
417.476 146.200 71.28- 3.026 7.507
404 02<) 143.4-1 78.64b 41,358 15.501
1M9.678 146 740 74.826 4.706 8J86
177.018 lasesi
181259 16*.287 17.0i8
BxMii of
port*.
t
port*.
•4.840
9,884
•3 277
5035
3 46^
•4.641
8.417
8.21?
5,867 11.40-*
•3,5»1 7.996
3.885
4,983
4.085
9.161
7,V40
9 911
DEMAND LlABIUTIES.— The Cash
we
Odd coin
1687,330.909 00
468.82K,000 00
Silver dollars
8.316.049 00
Sliver dollars of 1890.. . .
8.908.36100
Sliver bullion of 1890.. .
Total trust funds.... tl.007.e90.9fl9 00
Otneral Fxtnd Hotding*—
Oold coin and bullion... $26,894,784 26
Gold certificates
28.617,610 00
Silver certificates.
0,804.84000
10068.441 00
2.105.l3t 82
18.869.797 CO
„ '« §18 00
18.«2».0ee 01
18.404.000 07
SUverdoUars,
porti
t
1
Ino. 0.811.909 18
TBBASX7BT CASH AND
Extu
Im- of Ea
Ex-
Ex-
of
Export!
980.781,418 81
holdings of the Government as the items stood Aug. 81
have prepared from the Treasury statement of that date.
UABIUTIBB.
B8BTS.
Trust Fund LiabiHtie*lru*t Fund HoWinfl*—
8ILTIB.
Exe**t
r~«8T,S8"8.S81 «»
The foregoing figures show a gross debt on Aug. 31, 19C4,
of 11,385,368,746 14 Aod a aet debt (gross debt less net cash
In the Treasury) of $987,393,381 69,
t
Similar totals for the two months Blnce July 1 for
six years make the following exhibit.
Two
S08.7S4 00
Ino.
Deo. e.l06jeiB 18
Totalnetdebt
15.845 15 751 17.07r 18.081
14.0^3 44.640 14.9l< 7 020
1U641 30.946 16 806 14 040
9.022 :|6 t!53 40 8t>^ 16 857
19.071 41.778 46.0t>8 15.680
5S4 35110 40,847 14.709
aoiiD
30.800 00
546.684 00
lnclQdlnKtl60.000.000 resarre fnnd.
BZOMI of Imports.
MBBOHAKOItl.
1881,130 20 Ueo.
887 .8 24.821 88 Ino.
30 4.081.579 08
port*.
t~
$
I
Infl.
l.284,862,wfla 14
m
Excel*
of Ex-
Ink-
Exports port*.
Inc. or i>se.
t
90 00
Jiily 81. 1904.
$
896.167.540 00
.1.886.868.748 14
Total sross debt
Treasury*. 897.97 6.304 45
Cash balance
SILTIB.
GOLD.
M1R0HAHDI8I.
SigM
*
1003
Sllverbulllon
Dnlted States notes
Treasury notes of 1890. .
i
5,489
109
4,338
3.067
4.159
4,085
National bank notes ....
Fractional sUvercoln...
Fractional currency ....
„,
i?2 St
"^S*?""
17.867 05
Tot, In 8ub-TreasnrleB.»183.Tn,3a6 98
In Nat. Bank Depositaries—
Credit TreasurerofD.8.1 03.430.907 66
b,404,610P6
Credit U.S. dlsb.ottoers
$u>!.H4l,4l8Bn
Total in banks
Minor coin.
Bonds and interest paid
imports.
and silver In ore for
under the heads respectively of
all the years are given
gold and silver.
The following shows the merobandise balance for
In these tables of totals, gold
In Treas of Philippine Isids.—
Credit Treasurer or D 8. $2, 8'>,047 03
Credit C. S. disb. oacereu^ 8,715,8«K 20
Total In Philippines.. 86,462.880 88
Ile*erve Fund Holding*—
Oold coin and bullion. tl5O,C00.000 00
.
Grand
.
|i.4m>,V50,0 3 70
total
Oold oertmoates.
1
Silver certificates
Treasury notes of 1890..
587,336.909 00
4e8.82»,000 00
13,225,00000
Tot. trust lUbUltle».. »i. 007.890,009 00
Qen. Fund LiaMlitits—
National bank 6 per cent
fund
$18,304.006 15
Outstanding cheeks and
10.582,819 35
drafU......
Disbursing ofDoers' bal60.517.064 21
ances.T!T.
Post Oflloe Depaorbnent
account
4.404.06311
1.881.««i49
Total gen. llabUltles... tb5,09»^ .870 31
MlsceUaneons iteoiA,. .
.
Oeuh Bdtanee A Rtterve—
Total cash and reserve. .t297,97B,3B4 46
Made up of—
AvaUable $147,976,304 45
and
Reserve Fund
Gold & bulLtlSO.OOO.OOOOO
$1,400,960,608 TO
Grand total.
each year baclc to 1876.
XOBSB or
HBBaHA.HDI8B IMFOBT8 OB BXPOBTS.
8 month$ eruiing Aug. 31—
Import*.f 36,874,064
1875
Experts. f4.537,»17
1876
Exports. 88,901.995
1877
Exports.188, 806,^24
1878
Eiport».l40,279,169
1879
Exports 66.801.674
1880
ExportS.114.394,»27
1881
Imports. 83.628,607
1882
Exports. 44,779,191
1883
Exports. 13,783.567
1884
Exports 46,860,218
1886
Imports. 11,326,«07
1886
Imports. 44,599,241
1887
Imports. 87.426,073
1888
Imports. 68,627,112
1889
Imports. 46,846,980
1890
Imports. 10,902.588
1891
Exports. 33,761,669
1892
Imports. 47,829,685
1893
Exports. t<4.877.257
1894
Imports. 86.860.416
1895
Exports. 109,698.493
1896
Exports. 96,871,683
1897
Exports.861,709,689
1898
Exports. 277. 400,890
1899
Export8.861.163,a83
1900
ExportB.369,678,686
1901
Export*. 2 07. 8 16.803
1902
Exports.201 9 10,037
1908
Export*.184,619,806
1904
2 nwmtAa ending Aug. 31—
ImponB.91&.078,852
1876
Exports, li.474,184
1876
BxportB. 1.055,882
1877
Exports. 82.960.689
1878
Exports. 25,242,648
1879
Exports. 24.688,180
1880....
Exports. 16.394,861
1881
Imports. 14,191,477
1882
imports. 1.803.828
1888
Exports. 8,0^7,730
1884
Imports. 9,963,476
1886
.Imports. 10,347,169
1886
Imports. 17,609,114
1887
imports. 28,849,773
1888
Imports. 24,871,866
1889
Importa. 28,125,667
1890
Exports. 2,359,089
1891
Importa. 18.863,743
1893
Exports. 20,970,336
1893
Imports. 3,808,815
1894
Imports. 81.615,881
1896
Exports. 84,742,068
1896
Exports. 58.409,664
1897
ExportiS. 66,428.880
1898
Exports. 72.826,686
1899
Exports. 78,648,692
1900
Export*. 71,267,087
1901
Exports. 26.661,782
1902.
Export*. 17.0*2,637
1903
Export*. 19.231,262
1004.
DBBT STATEMENT AUGUST
[From our own oorrespondent.]
London, Saturday, Sept.
in the
first
Amonnt
Amount Outetandino.—-
.
at sea
;
in the sequel as formidable in the art of peace as she has
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official
figures issued Aug. 81, 1904. For atatement of July 31, 1904>
•ee Chboniclk Aug. 6, 1904, page 606; that of Aug. 81, 1908'
$e$ Sept, 26, 1908, page 744.
INTaBBBT-BBABINQ DEBT AUGUST 81. 1904.
J»t«r«»t
povable.
The brilliant successes of the Japanese,
now upon the land, have oonvinoed even those
and
Far East.
most reluctant to believe it that an Asiatic Power could possibly be equal to a European Power, and that we are watching an epoch-making war. In this country as well as on your
side the sympathy with the Japanese has been so keen from
the first that British opinion may have been to some extent
itflnenced by its sympathies but upon the CJontinent, especially amongst the great military Powers, sympathy was all
the other way. They have reluctantly come to the conolusion that a Power has arisen in the Far East likely to prove
1904.
31,
3, 1904,
The economic world of Europe, like the political, is at the
moment, if one may use the phrase,markii)g time. We are all
watching with the keenest interest the development of events
•
lotai
proved herself in the art of war.
Largely due to the Japanese successes, the improvement
reported last week in the tone of the London money and
stock markets is not only maintained, but it has made further progress. Actual business, so far as stock markets are
concerned, is very small, and in the speculative department
almost purely of what is known as of a professional characIn the great investment markets, however, headed by
ter.
consols, there have been some genuine purchases, the low
price of our premier securities and kindred stocks not unnaturally attracting the cautious investor who, during recent
weeks, has received large sums in dividends, of which he now
RttUtertd.
Ooupon.
684.114.800
41.901,120
8.795,160
86.2<4,240
41,282.660
642.909.050
4s;Fundedlo«n,19()7..Q.-J. 740,928,700 116,311.100
160.D9.S650
desires to dispose.
j^i^M
_26.8^.c5o
n,,.^^
The reason for the improvement both in the money markets
and stock markets, as said, is largely due to the general
belief that the recent successes of the Japanese will lean to
the speedy termination of the war. This, of course, remains
74tl« or
8s.
Loan—
Q.-J.
Consols of 1980
ail^an
iiiued.
648,909,960
of 1908-1918.. Q.-r. 198.792.000
t;.£Sl°n°o^f'''i°9l^'.°°.'':^:=j'.iS^:gig:Io%"
".185^"'.
S95.157.030
Agg'te Int.-Bs»rln8 Debt. 1.6B4,9f 9.400 788.509 870 111,018,990
IIOTB— Denominations of Bonds are
„
,. »_,,.,
Of $10 onir refandlnif oertmoates; of $20 loan of 1908 coupon and reglsterec
Of $80 all l8tae» except .10 of 1»«8: of $100 all IsRaes;
Of $600 all except 5» of 1904 coup.; of $1,000 all Isbucs;
Of $5,000 all reiflste'd 28,8b and is: of tlO.OOO all registered bonds;
Of $20,000 reglst. 4« loan of 1907; of $50,000 reiflstered 8s of 1980.
;
DBBT ON WHICH INTBBBST HAS CHASHD 8INCH MATURITY.
July
Fended Loan of I89l,oonilnned at 2 percent, called
May 18, 1900; Interest oeaied AuRUst 18. 1900...
Funded Loan of IHMl nrntared September 2 1801..
I^oanof 1904, matured February 2, 19U4
Olddebtmatnredprlorio Jan.l, 1801
ZZDebton whlchlnterest has ceased
August
81.
31.
$88,800 00
.''"•'pooo
$88,800 OC
60.000 00
""."""^.'i^Ji
l,D5a,8«0 20
1.068,a7u8fi
$1,881,130 20
$1,841.^70 20
048,KO0O0
DBBT BBARINO NO INTBBBST.
Onlted States notes
Old demand notes
"*'"r«*S]*m
aUonal bank notes- Bedemptlon
account.....
••
«7^S7H2M
*i'ZMoiiiiKH
08
taotlonalourrenoy less $«.876.984 estlni'd as lost or destroyed__o^to»jUH
.
AairMate of debt bearing no interest
$88e,809,84688
but nevertheless as these matters are largely
dependent upon the varying moods of men's minds, it is recorded here for what it is worth. Another and, perhaps,
more potent cause is the outlook in the money market itself.
As your readers are aware, during the closing weeks of the
July and
first half of the current year very cheap money in
to be seen
;
August was confidently predicted, and,
as
you are equally
aware, these confident predictions were in no sense justified
by the event. Naturally, under the clronmBtances, opinion
swung from one extreme to the other, and market men for
the most part took a deepondent view of the monetary out-
1004
THE CHRONICLE.
look for tbe approaching automn. On the whole this view
has done good. It has bad two coneeriaencee. In the first
place the feeling that things were by no means as bright as
[Vol. lxiix.
The following return shows the position ol ctie iiaoK if
tngland.the Bank rate of discount, the price of oonBola,A<.
x>mpared with the last three years*
they had been painted checked anything like reckless bor1008.
1S04.
1B08.
IMl
Aut. 81.
8*pt. B.
Stpt. t.
Sept. i.
rowing. Bankers, money- brokers and even borrowers themS
S
M
M
UaalatlOD
«8.708.eflO
2».808.9«0
2»bWl.l80
selves of any standing have observed caation, which conld
30.W8.7tO
^biiadapaiitt
»ytb.in7
eu'<i.» «
7 sov.sto
Oimtn
>U«r depoilti
not have been expected from them had the optimistic views
48.45«495
41.872 061
41.677 flH«
4I.OMa»7
*pT«nuii«Dt •ooritt*
iw.wo.Mi
i4S»«.»ta
I5.u7« 38«
lea-t.iie
nkariaaarltlai
held in early Jane continued to previil.
2f.Or7.h88
in. 8)7.4^2
84.»rB.V«W
....
26.711, UT
CM«rT«or noiai and eolD
Wj.uiovia
k4.44x.214
20Hi.<5(8e
The second favorable result has been that, owing to the olnAbailloD.botblapartzii'tB ae.7ru.h78 86.601. 174 87.0^. let) 20,)-t<8bM
BO.CHI.TIO
Prop.reierrato llablJltlei.p.c.
4b^
es 3-10
53 1-ie
63
maintenance of rates in London, we have retained tbe bulk tank rat*.
4*
8
p«re«ai.
8
s
'>nioii,aMp«rMnt
BOS-iezd.
8B»-i6
w^
88M
of the money employed here, and, further, we have been able 8^'»«
2flll-10d.
Miia
84..
270.
OlMTlnB-Hoai* ratnrni
190,t42,000 20e,&61.0uu 210.404.000 tO8.V83.000
to divert to a large extent some important commitments
which otherwise could hardly have failed to come upon tbe
Messrs. Pixlfy & Abell write as follows under date of
London market. You are of coarse aware that New York September 1, 1904:
has relieved us, bo far, of the strain of sending money to ArOdd— Vienna has not been a keen buyer, andthlB week the bulk of the
arrlvaU has be<in bought
Bank. Up to yesterday tlie Bank
gentina, and if your exchange upon London continues as had bonght £291,000 In barby the
gold, bat had lost £70,000 Id eoverelnu
to Soath Afrlra. Arrlfa e: Gape, £619.000; Wt»t A.frloa, £i3.&00;
firm as at present— which the market here hopes will be the
total. £632,500.
BhltmentB: Batavla, £10,500; Bombay, *95,000:
case— it is expected that a further sum will be supplied by Caloatia, £lO.Oi)0; total, £115.500.
811 rer-Tne
fluotnated during tbe week between
your good ofiBces in settlement of our account with Buenos and 2(}^d. formarket has the qaotadons for forward i«ri. lower. 2ft8xa<L
oaeh, with
BattAyres. For the same reason— that is to say, the maintenance ness haB been done on a moderate Boale, and a fe w purcba^ee have been
made for India; otherwise there is no Bpeolal fe-tTure to note In the
of rates here— the Paris exchange is so favorable to this mar- market. Arrivals: Aastralla. £26.605; New York, £178.000; Soutli
£3,0 0;
ket that a small part of the money usually found in London America, «6(i,000; total, £V07,605. Sblpmente: Bombay, £142,S00;
oaiontta,
total, £208,500.
Mexican DoUara -Mo eapplies have been offering and there has been
for moving the Egyptian cotton crop has been supplied from
no boalneas.
Paris, and we are confidently hopeful that the same centre
will continue to find the sum needed, which is variously estiThe following shows the Imports of oereal produce into
the JnlCed Kingdom during the fifty-two weeks of the
mated at between £4,000,000 and £5,000,000.
The Bank return shows a small reduction in the reserve, season compared with previous seasons:
IMPOSTS.
but this is due to purely seasonal causes and inspires no ap1903-4.
1902-8.
1901-2.
IPOO-OL
prehension. On the contrary the Bank return has been very
(mp'tB 01 Wheat, OWt.92,275.636 86,477,548 78,831.269 71.249,200
well recsived in the money market and by the Stock Ex*»rliy
31,463.826 25,704,946 21,655,193 19.631,60a
^^
Mktt^,^
.15,087,094 16,489,133 16,606.075 23,210,OOo
change. The reserve now totals £26,500,000, its proportion
'MB
2.457,829
2.0l%060
1,900,621
2.898,53o
Mftne
2,249,298
1,992.067
1,633,738
.^
1.8t6,94o
to its liabilities baing 53 3-16 per cent. This compares with a
—
ndUn eom
^
reserve at the corresponding date of last year of just under
£34,500,000, the proportion of its liabilities to its reserve
»lonr
being 49^ per cent.
There has been this week a very good demand for silver,
the price at time of writing being 26 5-16d. per ounce. This
has been mainly due to purchases for the East, and especially
by the Indian Government. India this season has been doing exceedingly well; in fact, she has not done so well in any
year since the beginning of the drought period, which depressed her so much some time since. Consequently there
has been a very keen demand for currency, as trade in India
is for the most part carried on upon a cash basis to an extent
that would hardly be credible to a business man accustomed
to American or British methods. The policy of the Indian
Government in adopting a gold standard checked the natural
flow of silver to India when trade expands, the result being
that the currency was regulated by governmental rather than
economic causes. Of course, ultimately the economic causes
must decide the supply and demand of silver as well as that of
any other commodity, but before the silver coinage was restricted by Government action, silver went to India as a matter of course whenever trade became active and was exported when trade became depressed. Under the new policy,
when trade becomes very active, as at present, and rupees become very scarce, then the Indian Government buys silver
and coins more rupees. It will be seen that the Government
waits until the demand is clearly shown to be more or less
acute instead of allowing the ordinary course of trade to
supply it.
Partly, no doubt, to the large purchases of silver, the demand for Council drafts is somewhat less keen, In spite of
the experience of the market a fortnight ago a certain number of tenders were sent in on Wednesday below the J^ level.
The Council rejected the whole of them, but it accepted no
less than 40 per cent of the bills allotted at what it has fixed
for the present as its minimum. There is a kind of duel
going on between the Council and the market for the mastery in the exchange question, the Council being most
anxious to maintain exchange and the market on its part
being desirous of getting drafts as cheaply as possible. For
the 50 lacs offered on Wednesday the market applied for
210>^ lacs at prices ranging from Is. 3 81-82d. per rupee to
At the corresponding date of last year
is. 4 l-82d. per rupee.
the Council also offered 50 lacs for tender, when the applications were nearly twice as large as on Wednesday last, and
the minimum price tendered was Is. 4d, per rupee. At that
date, more over, the Council had sold drafts realizing
practically £8,000,000, comparing with just under £7,000,000
10
at the present time.
42,311,309
19,167,105
.47.243,876
...^ 18, 9 05,943
.
46,837.564
19,966,843
54,747,20
22,925,40
Supplies available for oonsumptlon (exolusive of stock
September
1):
1903-4.
Vhefttlmported.cwt. 92,275,636
1902-3.
86.477,548
1901-2.
72,391.269
1900-1.
71,249,200
mportB of flonr
18,905,943 19,15'/, 105 19,956.843 22.925,400
UleBOf home-grown. 17,495,893 23,363,988 22,861,422 23,663,332
Total... .^......^138,677,472 127,998,641 115,209.534 117,837,932
SU. 7d. 27a. 3d.
4V«r.prleewtaeftt,'week.29B. 5d.
30b. Od.
86fl. 6d.
28b. 4d. 87b. Id.
iverftge price. Be»Bon.S7B. 3d.
The following shows the quantities of wheat, flonrand
the United Kingdom:
oiaize afloat to
Wheat
qrs.
Floor, equal to qrs.
Maize
qrs.
ThittoteX. Latiiotak,
2,970.000
2.845,000
170,000
180.000
1,040,000
1,050,000
1902-3.
1,665,000
295,000
1.370,000
1901-2.
1.835.000
345,000
610,000
Ensllsli Ftnanelal Karkets— Per Cakle.
f he dally oloilngquotatloni forsecurltlei, etc., at London
are reported by oable at f oUowi for the week ending Sept. 16:
iron.
LONDOH.
Silver,
per ounce
2618
887i6
889ie
d.
Tua.
26
26
88i«
885xB
8838
887,8
For Hccount
Fr'chrente8(lnParl8)fr. 98-9Vi»i »9-02i« 99O0
87i«
87 1«
871*
Spanish 48
438
438
4*s
Anaconda Mining
84\
SZ-'b
Santa Fe. 84^
Atoh. Top.
lOlifl
lOlifl
101
Preferred
91>«
92
9116
Baltimore & Ohio
96i«
96
961*
Preferred
129i«
129^8
129
Canadian Paolfle
Oon80l8.,new,
2\v. cts.
&
Chesapeake & Ohio
Ohic. Great Western...
Chlo. Mil.
&
St.
(& Bio Or.,
Preferred
Den.
44
17i«
Paul... I6214
com
44 >«
171*
163
27ifl
82
32
70
Erie, common
lat preferred
27»«
821s
3238
69»B
48I4
I4219
2d preferred
48
Central
LoulBTiUe & NaehvlUe. 126
15
Mexican Central
Mo. Kan. &. Vex., com.. 24
Preferred
49>fl
Nat RR of Mex.,l8tpf. 40%
N. Y.Cent. & Hudson.. 128i«
N. Y. Ontario & West-. 3414
71
Norfolk A Western
93
Preferred
142%
106 ifl
106%
65\
3568
6638
35ie
44
44
Illinois
Northern Securities
Pennsylvania
Phlla. A Reading*
1st preferred*
2d preferred*
Southern Pact he
Southern Rallw., com..
Preferred
;..
39%
5958
92H
126
43 1«
16%
161>«
27I9
8ll«
30%
68 1«
47 14
142 >s
125
I5I9
14%
24
24
49
41
49ifl
4mi
128%
34
71
93
39%
59i«
33>«
98
Wed.
Thurt.
26iia
887ia
88i«
98-92>«
263,8
887,8
881a
87 *t
438
83ifl
100>«
90%
951a
129
43 14
16««
162
27i«
80i«
am
69
461s
1421a
125
14»a
231a
491a
41
128
3378
1281a
70
93
694
106
65^
34
44
39>a
57i«
34
98
34
931a
106
66%
33%
43%
S914
58I4
S4»s
Union Paciflc
98»«
103
102i«
100 >a
lOlifl
Preferred
96
95ifl
I5ie
2214
421a
I6I4
68ie
22)s
4S>«
95»«
15i«
66i«
21'«
951a
16ie
671*
211a
42%
67
67
43
66
U.
8.
Steel Corp., com..
Preferred
6e!S8
Wabaeh
Preferred
Debenture
*
"B"
Price per share.
I
t
Ex-dlvldend.
67
98
991y
263, a
88i«
88»t«
871a
41a
85S8
lOlia
92
96
130
44
17I9
163
28
8lia
33 1«
701a
47
"i'i"
841a
lOlis
9110
96
130%
43%
17
168
29^B
831a
3214
69%
481a
142%
143
.26
151a
I27I4
24%
60
42>a
129
35
15
SSH
50
431a
1S1>«
343|
71I«
931a
107
6738
3138
71
93
107
44
89
44
5878
3->i4
98 >a
102
961a
6788
3308
39
67%
34>a
98
100»8
96
17»4
171a
693s
69
22
22H
44
671a
48%
67%
w
.
*
-
1005
THE CHRONICLE.
Sept. 17, 1904.]
The foregoing does not include the bonds held
mnxmzxcinl atxd litCtBCjctIaixe0ttsll«wr5
GOVERNMENT BBVENUE AND EXPBNDITUBES.-ThrOUgh the
we are enabled tc
Treasury,
courtesy Of the Secretary of the
the details of Government
place before our readersto-day
disbursements for the month of Angust.
feceipta and
for previous
From previous returns we obtain the figures
mnnfhfl and in that manner complete the statement for
years 1904 and 1908. For
The eight months of the calendar
ItZlmt^Aug^Am, see Cheoniole Oct.
page
17, 1903,
BHCHIPT8 AND DI8BUB8BMHNT8 (OOOomltted.
22?g'S
Navy,
Navy War
o
o
RKCSIPT8
Olvlland
Interest
)
H
War
Indians
Indians
Interest....
RR0KIPT8
to
DI8BUH8KMEN
Internalreve
Mlscellaneon
Mlscellaneon
DI8B0BSKMBN
m
«
«(C ooei
: :
.
:
:
•
:
-
:
:
: :
:
:
:
;
:
•
.
.
:
:
:
.
i
i
i
i
OH
£5
s s
.
:
i
;
:
:
:
:
:
:
:
•
.
5>i
:::.-:£»
B
:
:
:
.
.
:
:
:
:
:
=•
:::..§ 00
d
a
o
:
i
ti
1
os« wcs
CO
•J
SCO cats
OOO OOD
ODO «M
» * ~J !C 00
A <D
c;i
ooteoaDoiio
oo
JO-J—OO
r
'
OMOtsoa
M WOOM
—
)-»
It^
CD
00
OI
^_.
1^
•I
^d
ll^
^osx
«^
— 00
o
ao'^cD-ito
•ototn^cjias
« oo_»
oo CD
o tcasa>*aoi».
M .aooi-o-jao
o tovsoooooo
M
fT
MCX
a ICOO <co«
-« *«>.b V
>-»oo-»-J
M oiaH'oi-i»
3»
exA.
a
V
v
V<D O
CD
1—
A<}*]-4C]tQ0
C0OOCCi».<0
^
.-COh-ODOO®
CO
OB
*.
OO
f^
o
ao_-->a3
» V oo"tcbb
lOOSOi^ «9 00
Qo*.a5C« —
«
-3
C0«3.»>
to
teoo
so
M IO M CO
CCS
U^
QDOO
"4*.-
»•«
1
CX-lOO
«ICjJX_00«l
"^coVosoo -*
CD (BO
-^
r as
b oo*
e o«
0B» too
X»CO
O<l«.-I00«>
CJ«
.
<^
M«0
Si-
M
SB
— a>b«
»
.^
»
,«
coto
v^
CO
1^
CD
K>tO
OlOM
MtO
03MOO
(S
Ol«M
•a
OB
OS
,-.
b'-oi*
O-ICD
June
30..
May
31..
Vpr. 80..
Mar.
81..
Feb. 29..
JU.
81..
Deo. 81
Nov. 80..
CXjt 81..
Sept
80..
bank notes Sept..
to
1,
45,259
2,i<4l,481
redeem national
1904
$35,136,473
The portion of legal tenders deposited (1) by banks becoming insolvent, (2) by banks going into voluntary liquidation,
and (3) by banks reducing or retiring their circulation,
was as follows on the first of each of the last five months.
2fay
1.
June
1.
July
Aug.
1.
Sept. X.
1.
9
$
Depositsby211,923
238,953
254,755
814,795
373,690
Ineolv'ntbks
Uquld'g bke. 11,956,687 11,865,131 11,993,496 12,577,723 12,138,889
Bed'c'gund.'
aotof 1874 26,947,415 26,529,605 24,227,395 22,365,056 22,785,661
39,277,792 38.709,631 36,475.646 35,181.732 85,136,473
Total..
*Aot Of June 20, 1874. and July 12. 1882.
DITISKNDS.
r
MM
M
m MOOMCCl^O
u b «i • ra »
» aooaaoctoao
•1
Oje-— OQD
OO
OI
^s
tp-
i
«e
QC
^ts
ii^
OICDOI
<c
Railroads (Steam).
Ashland Uoal & Iron By. (qnar.)
Rock Island <fe Paciflo Sy. (quar.)
Dayton <& Mich., com., gnar
M—
oooioc
00
OI
'^•ct'.o'-.'viVi
<I
Oi'mO
f-0
1
ooocooiooo
»=<»3!
•
1
Chlo.
-to
CO 03 to
tb.
llo'ak'SS
e
1^0013
-J0D|».
Of)«»OIM»
[
Chronicle of Spt.
1
^^
M
ait^-3
b----«
Soo
W
26, 1908,
Legaltenders.
Books Closed.
(Days TncluHve.)
—
-»OCD
bb**
<^
*.KIM
00
a>
"CO
«0
OB
Oi
Per When
Cent Payable
of Company.
'
00>>}»,l^»
».
CD
Name
(«
page
—
pref., guar, (qnar.)
do
do
Evansvllle & Terre Haute, pref
Piitsb. Tonngs. <& Ashtabula, com & pt.
2
Beading, 2d pref
2
Southern Ry., Mobile <fe O. tr. ctis
Street Railways.
Ik
Cincinnati ftreet Ky. (qnar.)
Frankf.ife eouthw.Pass By.,PhUa.(qu.) $4 SO
1\
LonlsvlUe (Ky.) Traction, com
Ridge Ave. Pass. Ry., PhUa. (qnar.).. $3
3
Seattle (Wash.) Kleo. Co., pref
Twin City Rap Tr., Mlnneap., pf. (qu.) 1\
l\l
United Rys., 8t, Lonis, pref. (quar.)...
Fifth
Banks.
Avenne(qnar
Trust Companies.
OireulatioH Afloat Under
American
American
American
American
2Vj
6
Can, pref
Iron <& Steel Mfg., pref.(qu.)
Locomotive, pref. (quar.)...
Screw (quar )
Cellnlolrt Co. (quar,)
LegcUtemtrs.
Bonds.
9
9
9
9
419,683,940 35,188,478 417,380,300 35.136,473
417,577.5a0 35.181,732 415.025.156 35,181.732
416,016,690 36.475,646, 412,759,449 36,475,616
410,.^72,640 38,709,531 407,279,. 34 38,709.581
399.795,140 39,277.792 397,802,781 39.277,792
398,031,650 39,3f9,708 395,600.234 89,309,708
392,671,550 39,971,819 390.352,49 39,971,819
390,231,600 39.199,896 387,657,731 39,199,896
889,335,680 37,889,395 387,273,623 37,889,895
384,625,930 38,088,495 388.018,484 38.088.495
38vr.726,830 38,959,862 380,650,821 38,959,862
881,484.830 40,910,711 379.515.824 40.910.711
Total.
9
452.616.773
4 50,206,888
449,235,095
445,988,565
437,080,673
484,909,942
430,824,310
426,857,627
425,163,018
421,106,979
419,610.683
420.426.635
Central Coal * Coke, com. (quar.)
pref. (qnar.)
do
do
do
Cincinnati Gas A Electric (qnar.)
General Electric (qnar )
Interratlonal Silver, pref. (qnar.)
Intfrnat Smoke P. & Chem.,Com.(qu.)
Internat. Steam Pump, com. (quar.)...
pref. ((iuar.)...
do
do
do
Mergenthaler Linotype (quar.)
Nat Sngar Refining, pref. (qnar.)
New Orleans Brewing, com
New York Dock, pret
Va.-Car Chem., pref. (quar.) (No. 86).
Western Un. Teleg.
^hows the amonnt of each class of bonds
held against national bank circulation and to secure public
moneys in national bank depositories on August 31.
Oct
Oct
Oct
Oot
Oct
Oct
Oct
Oct
Sep 13
Sep 10
Sep 9
Oot 2
Oct 1
Sep 26
Sep 30
to
Holders of
rec.
Sep 30
Holders of reo. Sep 24
Oct 1
to
1 Sep 22
1 Holders of reo. Sep 23
Oct 20
to
21 Sep 22
Sep 80
to
30 Sep 21
1 Holders of reo. Sep 16*'
Oct 15
to
15 Oct 1
Oct 16
to
1
16, Oct
Oot
Oct
Oct
ih Oct
ll
Holders of reo.
to
Sep 17
Holders of reo.
Sep 21
to
to
Oct 21
to
Sep 18
to
Sep •i2
Holders of reo.
Holders of reo.
Holders of reo.
to
Sep 18
Oct
Oot
h Oct
\ Oct
1>12
to
ll
Oct
1
2
4
17
17
21
30
Sep 24
Sep
Sep
1
2
20
30
Sep
Sep
Oct
Oct
Oct
Sep
Oct
Sep
Holders of reo.
Holders of reo.
to
Sep 23
Sep 18
to
Holders of reo.
Oct
m Sep
Oct
1
Union Ferry (qnar.).
United Prult iqnar.) (No. 21)
United Gas Improvement (qnar.)
Not
l\ Oct
m
A
full explanation of the above table see Chronicle
Dec. 14, 1901, page 1282, first item in Financial Situation.
2h>
10
Otis Elevator, pref. (quar.)
P. Lorillard, pief. (qnar.)
Railway Equip. Corp. (mthly) (No. 76)
(extra)
do
do
do
Iron, pref. (qu.)
Sloes Sheffield Steel
Texas A Pacific Coal (quar.)
Union «»K A Paper, pref.(qu.) (No.22)
to
16
to
24
20
to
to
20
to
35
Holders of reo.
Holders of rec.
to
Sep 17
Oot
26
)
Equitable (qnar.)
Guaranty (qnar.)
Sep
Sep
Sep
Sep
Sep
Sep
Oct
Oct
Oct
2
2Vjt Oct
3^2 Sep
1
2\i
1»4
Miscellaneona.
Amer. Beet sugar, pref. (qu.) (No. 21)
746.
1903-04 for Bank Oireulahon.
Jnly 81
Amount on deposit
OO
bba>
••
..* H-.
tsooa
O <C ». OI
joioi»'«-a»
Bonds and
Legal Tenders on Deposit
Ail«. 81..
$35,181,732
$2,896,222
KftO
Bank Notes—Changes in Total op, and in Deposited
Bonds, Etc.— We give below tables which show all the
monthly changes in Bank Notes and in Bonds and Legal
Tendprs on Deposit. The statement for Atigust, 1903, mil be
Bonds.
to redeem national
1904
Amount deposited during August
Amt. of bank notes redeemed in August...
5^
dtebnrsements nnder "Civil and Miscellaneous" In
1904 Inolndes $54 600.000 oald on aooonnt of Panama Canal and
loan to Loaistana Parohase Exposition Company.
the
$452,516,773
1,
fe;
Note— Total
fmmd in
2,309,885
1904
LegalTender Notes—
tu
^^¥^
»<xiao
lO-
b
c
'-^
Mco
Is
boo'Vi^o
M-J —
^ bVb« «
en
3
~
•]0<k
,
00
(%
eo.-1-.j^*
OCDOC7I "TO
OS
CO
nn
00
tfh
«S<0 (SCO
MH
^*
^^
MM -M
B0*3
cob *
dODCO^OOBB
*•
kD'o:
Oi -^ .a 00 p-* «o
OV
O"
"M
lOOCtO
"
09 00 IS
Sept. 1
Amonnt on deposit
Legal Tend's
s
•1
e>
OlOM
— *»o
* *k«p
M i^M»
h^
!».
00
*D 00
ODO
MtO
OOO
eoa>cD
*•
»
"IO
GO
OS
to
o
•4
oo
CD
MM
OI
>) •] i» 00 so
esos
tu
c»«*3
IP.
looDOiacoM
ooeoODOcnco
.^
4i^ coot
ts
OD
a>»o<ottsoo
i»
Amount bank notes afloat
$450,206,888
$7,954,633
5,644,747
OOBO
00
o
O OOOM
H'Ooo^ioai
«
00
coc^oo
MiO
O>0SM
lO.
oo
|C»<XICOi<0
CD-IO'SOOCO
—
IO
ai
o«
JOOOO
a
MOO^-l-IO
"trx**
o>
O -M — -J-JCO
>-•>->
iCk
COOS-
OI
,
National Bank Notes— Total afloat—
Amount afloat Aug. 1, 1904
Amount issued during August
Amount retired during August
tp
-«8
»'
M
-J
coo OS*"«o»a<(»s».
rn
1^
OM
1—
•1
—
CSM^.,
•OOO CO
.
cob
1
CcOOit^
n^
OI
CD
S5
i^OSOOOU-.
00 « ex •! O O
cno «)cnco-3
'.1
en
§:
1
tsts«c;itsco
H* CO -«
M
leto
»•]
:
n
*p
rr
00
p^oo toco
00
cocooooeo*'
o
M
^
»
eocD *c3b
OIOO OBtO
»cx toto
i»
O-ltO
CO
CO
to
tsto
ts;
•i
" a
!•
,
,.
The following shows the amount of national bank notes
August 1
afloat and the amount of the legal-tender deposits
Sept. 1, and their increase or decrease during the
and
month of August.
CS
M
M 0D®»
— o> -J cw «1 o
con: K>COOSO
^^
^
,>*
OOO
t3
oo
l» n
l^«l
:g:
D,
T3
1
a
B)
1-51
asw
sr
190
:::::§'{'
1
CO*
coo
asot
CHO
M
:
."
j-M
5®
oo
,...
kSCS
B
tj
as aeeurity for deposits 1123,860,550.
bank notes Aug.
o
a
190
mis
»
'^
reoel
dlsbi
3
:
B
Internalreve
•t
S3 ZSh
.
e
e
e
o
Cnstoms
Cnstoms
Total
Total
Pensions...
Clvilandmis
12C6,
in the
Sub-Treasury against deposits in banks. Theie
were so held on August 31 $7,081,000 bonds, making the
whole amount at that date in possession of the Government
New York
Nov
Sep
Oot
Oct
Oot
Oct
Oct
2
IH) Sep
Sep
2
1»4 Oct
l^i Oct
1^ Oct
Oct
Oct
2
Oct
a
2 Oct
1»4 Oct
18
16
IB
16
Sep 17
Oot 2
Sep 20
Oot 2
Sep 22
Sep 24
Oot 1
Sep 21
Holders
Holders
Oct 1
Sep 21
Oct
Sep
Oot
Oot
Sep
Sep
Oct
Oot
to
to
to
to
of rec.
of rec.
to
to
Not
1
Sep
Oct
Sep
Oct
Sep
Sep
30
o
20
1
30
30
2
30
IB
4
30
30
16
18
16, 1906.
For
The
followiner
D. 8.
Bonds Held Aug.
Bonds on Deposit
31, 1904, to Beeure-
Bank
in Banks.
Aug. 31, 1904.
Fublic Deposits
Oireulalion.
total Eelo
*
(qnar.) (No. 144).
Transfer books do not close,
t
Also 2 "q per cent declared payable April
faction Sales.— Among other securltiefl the following
not regularly dealt in at the Board, were recently sold at
suction.
By Messrs. /Adrian H. Mailer Sb Son:
Sfotkn.
stocks.
5 p. Ota., 1894, dne 1904
i per ctfl., funded 1907.
i p. Ota., 1895, due 1926
3 p. ot8..'98, due 1908-U
2 p. ots., 1900 due 1930
3-658 DUt.Ool., 1924..
State
& City
Philippine iBl'd Oertlf 8
Hawaiian Island bonds.
Philippine Loan
To(aI...„
»1 00.000
8,692,760
10,622,050
6,*- 35,600
80,461,750
1,784,000
2.971,600
2,218,000
1,072,000
2,022,000
»116,779,B60
H,eo9.5ro
1,790.100
1,983,440
411,500,900
8100,000
13,302.250
12.412,150
8,818,940
491.762.650
1,784,000
2,971.50
2,218,000
1,07-! .000
2,022,000
9419,e83,e40 9536,463,490
50 Oswego
(guar.
A
9%
Syr. RR. Oo.
by D. L. A W.).233^
25 Qerman-Amor.
Ins. Co.,
601 to 505
25 O'Tiu. Alllanoe Inn. Co. 190
115 Amer. Bank Note Co ,
$56 25 per rhare
22%
22 Oriental Bank
50 Bowling Green Tr. Co. ..210k
10 Title Guar. A Trust Co.. 511 »«
20 Amer. Exoh. Nat B»nk.23.^
10T«frt-W«ller Co. pref.... 70
10 Nat. Bank of Commerce. 217
By
Mes-srs.
200 Chatham Nat. Bank
25 Meroantllo Trust Co.
.V
l.OOO
Bonds.
$10,000
New York
oonsoll.l.
stock Hks (school house).
100 A Int.
1916. M&S
f 20,000 Del A Morhampton
RR.
Istftp, 19.'S3,.IAJ,
$320,000
9iOo per bond
CUT Hom"«
'mp.
Co. i*f 6r, 1911.J&J. -'"'y$50,000 lot
1901, coupon on
,
&
Co.:
Machine Co. common.
Richard V. Harnett
149 Phall Krueger Foundry
^SSM
. .
.f 526 for lot
..
.
1
.
TUK CHRONICLE.
iO(M)
—
Kew York Cily Clearing Huuhc Uaiik8. Statement of
oondition for the week cuding Sept. 10, 1904, based on average of daily rosuitB.
K e omit two eipK«r» (00) in all
ca*ei.
[Vol. Lxxix.
^ew \ork
City, Boston and Philadelphia Banks.— Below
a suiniiiary of tlie weekly returns of the Clearing House
liank,« of New York City, lio.slon aud l^liiladelphia. The New
i^ork hifures do not include results for non-member banks.
We omit two ciphers ((JO) in all thete Aguret.
is
Capitals
BA_NKS.
Surplus.
Capital.
Loant.
Specie.
LegaU.
t
Specie.
DepoHtt Ke.
Circu-
I^Oal'-
posiU.t
„,
CLearingi.
latton.
/I've.
Y
Bk. of X.
Manliat. Co
MercJiaut«'
HocUuuicb'.
Amunca
Phoeiux
...
OUy
Chuiuical ..
Mercli. lix .
Uallatiu
& L>rov
Mecb.<feTra.
Bui.
Greenwlcli.
Amer.ExcU.
Commerce..
Mercaulile
PacUic
People's
...
N. America
Hanover
...
Irving
Citizens'
2.000,0
2.050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
4'2'2,7
Chatliaiii ...
..
Kassau
Mar.dfc Full.
Shoe&Lllir.
Corn Kxcli
Oriental ...
.
450,0
200,0
2,000,0
3,000,0
1,000,0
2,650,0
500,0
1,000,0
1,000,0
2,000,0
N.Y.Nt.Ex.
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
Bowery ...
N.Y. Co...
German Ani
250,0
200,0
750,0
Chase
Fifth Ave..
German £x.
Germanla ..
1,000,0
100,0
200,0
Imp. <fc Trad
Park
East River
Foarth ....
Second
First
T.iTidolri
Gartleld
Fifth
Bk. ofMet..
West
Side..
Seaboard
..
IstN.Bklyn
Liberty
N.Y.Pr.Ex
New
Amst.
Astor
$
$
$
200,0
300,0
1,000,0
260,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
2,586.7
2,41*2,3
1.458,4
3,:H81,K
3,65*3,3
•2«.1,8
16,8H.'i,2
7,564,2
362,1»
2,21'.),4
20,568,0
21,729,0
19,34H,2
22,800,0
26,244,5
3.260,0
185.036,0
24.865.2
5.742.6
9.100,6
2,114.4
4,561,0
2. 510,6
120,4
355.8
630,9
4,076,0 30,13!),0
11,786,9 173,735,7
4,513.6 23,840,2
618,6
3,153,5
1,096,1
400,5
2,106,8
6,705,8
1,0»5,8
648,2
313,1
1,322,2
360,2
3,3y7,-.i
6,160,2
2,145,2
17,292,5
63,116,0
6,889,0
16,301,6
2,610,9
6,818.1
7.330,8
29.037,0
7,727,4
24.807,0
74.601,0
1,147,6
1.076,0
6,794,3
7,090,2
133,3
2(i,6'i^,2
3,041,
8.993,0
1,402,9
13,743,9 106,724,6
873,7
7,681,8
767,7
3,000,0
663,0
4,509,4
6'24,3
3,698,2
4,006,6 47,114,0
1,738,0
9,036,3
676,2
2,708,9
-i
874,9
2,767,ti
1,346,2
1,287,4
11,950,1
7,269,6
2.536,5
379,5
1,429,0
548.6
1,428,1
593,9
1,935,9
495,0
549,4
559,4
$
$
7,55'2,7
3.164,0
14,418,0
4,112,0
11,674,5
5,090,5
5,865,1
4,537,0
P.C.
9
20.774.0
34.559,0
23,392,0
24.397,0
30.69 J,5
2.561,0
226,0
8,27S,0 202,451.4
1,870,2 24,609,2
591,9
6,326,4
514,9
7,081,1
60,4
2,481,6
401,0
4,650,0
452,6
2,509.2
3,813.0
14,133,0
4,152,1
4,978,0
6,420,5
345,0
1,748,0
2,112,0
1,373,0
1,492,0
2,108,5
57,72it,2
6,370,3
9S7,1
1,254,6
5.iO,2
552.0
508,7
26-7
4V0
24-9
26-5
2tt-0
22-2
$
9
2.-,0.'296,l 10991744 279.179.7 81,826,0 12095705 37,614.9 .1U.427j8
Au(?27 250,296,1 :0990572|277,57-<,9 81,62^,2 1207:102- 37,724,4 1.015,7b4J»
St-p 3 250.2;H!,1 11172126;271.261.9 >'0,.'iO9.:-, I2l7<i81i 3s,;i8 '.V'l.l7'..33>,e
SieplO •260,'296,1 113048621205,362,6 78,603,0 12217094 40,065,8! 1.002,3(1 4,2
Aug20
ItoN.
Au(;27
52,035,4 177,254,0
52,635,4 176,768.0
52,635,4 176,511.0
Sep 3
Sep 10
6,849.0 21 6.084.0
6.1 •!2.o 216.052.0
9,666, II 216,296.0
16.923,0
15,286,0
16,679.0
7.3'28.(
100,52»,7
104J»89,g
7.362.0
7,402,0
97,093,11
.i2-6
Philn.
J9-4
Aug27
24-9
21-9
Sep 3
Sep 10
t Including for Boston and Philadelphia the item "due toother banlui'*
and also Government deposits. For Boston these Government depomtl
amounted on Sept 10 to $3,752,000 on Sept. 3 to »3.77O,O0O.
242
20 4
38-3
24-7
20-2
29-3
21-7
25iJ
3,688,8 1.937,0 2 '2, 7 80, 'J
28,000,0 13,850,6 166,037,8
5,248,4 1,328,2 22,427,2
440,7
3.620,3
348,0
765.4
6,160,0
817,9
2,515,4 27-1
273,2
409,7
2,804,0 1,688,8 16,9.s9,4 26-4
13,966,5 3.69 ;,i 66,191,8 26-6
395.-.;
1, '204,6
6.4.19,0 24 8
3,244.5 1,839,3 19,883,4 25-6
263,1
2,929,6 22-6
399,9
692,3
7,172,4 29 4
1,521,0
402,8
9,137,1 27 -9
2,151,0
4,762,0 3,967,0 35,244.0 24-7
401,9
7,459,8 20-6
1,138,2
4,424,0 1,323.0 22,617,0 25-4
20,453.0 5,427,0 89,849.0 28 8
146.0
168,7
1,216,4 25-8
4,458,2 2,329,1 23,931,6 28-3
9,353,0 24-8
1,112,0 1,212,0
29,131,2 2,106,0 112,676,0 2/ -7
466,0
6,866.3 25-4
1,279,4
355,0
3,405,0 22-4
411,0
494,2
988,5
5,647,6 26-2
224,9
3,523,8 25 -5
674,2
12,416,0 2,127,8 56.699,2 267
200.5
9,849,3 25-8
2,348.8
590,0
195,0
3,224,2 24-3
429,5
846,8
6,299,3 240
865,2 2,420,4 12,883,1 25-5
275,3
8,021,1 ,i'2-7
2,353,0
141,2
571,9
2,731,8 260
361,7
8,710,7 23-9
1,724,9
695,0
314,0
4,035,0 25
2,983,0 1.613,0 17,151,0 26-7
935,0
783,0
4,819,0 3b-6
249,0 10,821,2 29-3
2,923,5
1,171,2
405,6
5,650,4 27 9
1,069,9
542,9
6,831,6 23-6
967,0
225.0
4,525,0 26-1
249,561.0 11.430.0
252,92-,0 U. 392,0
254,409.0 11.374.0
77.111.0
77,830,0
76,473,0
48,167,1 198,217,0
48,167,1 199,976,0
48,167,1 202,618,0
91.6i0.6
lOV.8-9.0
90.»62,f
;
Imports and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
Sept. 8 and for the week ending for general merchandise
Sept. 9 also totals since beginning first week January.
;
FOREIGN IMPORTS.
1904.
/or week.
1903.
1902.
1901.
Total.
Since Jan.
$2,435,687
9,421,878
$10,982,448
General Merchandise
$2,116,374
7,608,108
$9,724,482
*1 1.857,665
$8,560,984
$83,917,604
323,001,150
$93,490,880
321,015,721
$86.709.4.'-.0
$73,961,800
313.028.686
$2,260,129
8,722.319
$1,918,678
6.642.306
1.
General MerchandiBe
Total 36 weeks
299.465.471
$406,918,754 $414,506,601 $386,174,921 $386,990,486
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
York to foreign ports for the
specie) from the port of
week ending Sept. 13, and from January 1 to date.
New
EXPORTS FROM
NEW YORK
FOB THE WEEK.
1904.
For the week
Previously reported.
1903.
$8,402,010
321,035.821
$9,288,844
335,727.775
1902.
1901.
$9,801,430
322. .558,838
$10,952,s36
357,625.991
$329,437,831 $345,016,619 $332,360,268 $368.47W.8'27
Total 36 weeks
Note. — As the figures of exports as reported by tlie New York Cu-stom
House from week to week frequently show divergence from the monthly
compiled by tlie Custom House, we shall from time to tune 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. 10
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
totals, also
Total
115,972,7 134,323,4 11304862 266,362,6 78,503,0 12217094 23 -1
. .
t
[
t
Total United states deposits included $23,359,800.
—
Eeports of Non-Member Banks. ^The following is the
statement of condition of the non-member banks for the
week ending Sept. 10, 1904, based on average of daily results.
We omit
two ciphers (00) in all
EXPORTS AND IMPORTS OF SPECIE AT
Gold.
Week.
Deposit with
BANKS.
Capi-
OOs omitted.
tal.
Bur.
plus.
Invest-
Specie.
ments.
Net
Leg. T.
&Bank
Notes.
Other Deposits
Agent. Bks.&c
Clear'g
N. Y. CITY.
Boroughs ol
Colonial
Columbia
..
14th Street.
Gansevoort.
Hamilton
..
Mt. Morris
Mutual
19th Ward
Plaza
Riverside
State
.
.
12th Ward
23d Ward:.
YorkviUe
Fidelity
Jetterson
..
..
s<
$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200.0
100,0
100,0
100,0
200,0
100,0
100.0
200,0
400,0
100,0
100,0
Century ...
Wash. Hgts
United >rat. 1,000,0
236,3
295,5
107,6
80,0
129,6
116,3
186,0
188,7
267,2
106.7
655,8
113.2
102,9
283,8
118,2
295.7
58,2
133,3
123,9
Consol. Nat. 1,000,0 1,127,6
tJnion Exch 750,0 471.5
2,129,6
4,870,0
1,635,5
1,912,1
3,105.6
2,187,3
2,466,0
1,707,6
3,039,0
1,185,0
7,739,0
1,671,0
1,336,1
1,898,3
787,0
2,118,0
716.3
645,1
2,099,8
3.880,6
4,710,0
$
64,1
261,0
80,7
15,6
174,6
16'2,y
25,9
27,9
147,0
10,7
$
202,6
117,0
87,5
164,7
127,3
94,2
233,3
185,6
168,0
106,8
$
345,8
371,0
226,1
138,7
226,5
511,1
269,4
624,0
386,0
62,1
479,0
43,0
61,0
'253.0
1'28,0
246,0
156,9
33,4
11,6
7,6
29.6
12,2
31'2,8
252,0
240,9
301,0
209,4
382,0
126,0
48,6
85,2
33,6
39,4
96,6
40,0
193,0
68,9
199,7
36,8
123,0
73,0
197,8
606,0
200.3
59,5
454.1
419,1
665,7
964.6
204,
1,129,0
956,0
40,5
364.8
81,8
261,0
132,1
65,7
169.8
$
$
702,1
63,0
65,7
160,0
66,4
5,4
3,042,2
4,920,0
1,963,0
2,153,9
3,550,2
3,157,0
2,625,0
216.5
'2,446,2
3,5
221,8
703,0
226.3
230,5
258,1
3,428,0
1,395,0
8,808,0
2,228,0
1,898,3
2,496,0
777,7
6,3
1,98(1,3
63,2
735,2
575.8
1,229,3
2,338.7
4,941,0
235,0
80,0
Borough of
Imports.
Since Jan.
Great Britain
Week.
1.
Since Jan.
France
Germany ....
West Indies
1,439.88-2
1.633,S(I3
'"mii
7.0"i7",50i
'"isik
2.000
500,000
1,599,395
3,695,775
3,000
3.164
22.390
$502,345 $73,158,273
2.750 32.827,866
6,000
26.017.606
$26,400
All other countries
Total 1904
Total 1903
Total 1902
6.182
9,977
642.770
74. .-.34
782.303
70.037
$6,590,675
3,789.120
1,733,590
Silver.
Great Britain
France
OermnTiy
$535
$375,375 $25,952,460
342,000
1,309.219
25,800
"$i".i"9"9
203, '230
'"""8o"6
3,856
8,746
115,896
48,600
1,366,100
11,526
38'<.144
""7,3"4"5
West Indies
Mexico
South America
All other countries
Total 1904
Total 1903
Total 1902
141.736
3,1185
10.4'23
$13,525
16,628
13,895
$724,720 $28,905,832
641,550
22,048.656
23,280.3'24
647,759
$661,998
1,KU.435
914.844
Of the above imports for the week in 1904, %Tto were
American gold coin and $1,999 American silver com. Of the
exports during the same time, $502,325 were American gold
com and $4,000 were American silver coin.
Brooklyn.
Broadway
Brooklyn
.
..
M:tr8.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
.
Bide.
Peoples
17th Ward
.
SpragueNat
Union.
Wallabout
.
Borough ...
Borough ol
Bichmond.
l8tNat.,S.I.
15,4
108.7
382,3
173,7
83.1
88,9
2,176,9
1,560,1
3,179,1
7,041.7
1,188.2
5,472.0
3,285,0
1,155.4
1,371.4
646,6
1.133,0
1,091,7
783,0
1,666,8
28,4
123,0
62,8
20,0
93,8
36,0
100.2
111,5
722,0
58,8
10,0
150,0
300,0
262,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
334,6
167,6
652,0
396,5
100,0
63,6
766,8
004,2
174,1
180,2
86,9
249,8
116.6
67,8
562,6
9,7
58,1
200,0
137,0
424,0
344,0
15,9
63,6
11,9
86,1
107.0
46,9
66,6
2'>,9
60,9
70,0
28,0
248,0
280,8
128.3
88,8
30,0
658,6
162,1
59.0
2,516,9
1,895.0
3,870,2
8,703.3
1,343,7
6,005,0
4,417,0
1,362.3
1.841,2
707.4
1,273.0
1.609,2
927.7
1.811,9
842.0
JeeseyCity
First Nat...
400,0 1,063,5
3.872,4
170,7
250,0
250,0
200,0
654.9
278,6
288,1
2,249,5
1,193,5
1,384,0
72,6
70,5
36,7
110,0
125,0
539,7
153,8
2,198,7
1,185,1
133,6
35.6
Hudson Co
National
Second Nat.
Third Nat..
324,7 1,905,1 1,327,0
63.0
465,1
17,8
237,9
77,3 1,046,4
6.283,9
96,2
29,1
2,201,3
4,9
•2,34'2,9
476,0
70,8
'2,444,8
1.130,1
HOBOKKN.
First Nat...
Second Nat.
28,2
42,2
179.2
60.8
1,242,6
Tot. Sep 10 101370 121318 96,393,9 4,296.8 5.790.5 154377 6,758,1 1114567
Toi. Sep 3 101370 121318 95,331,3 4,251.3 5.477,2 140500 7.218,6 lti9'2937
Tot.Aug27 101370 121318 94,931.6 4.161,2 5.421,4 129619 7,2'23,1 1075845
1.
$2,047,346
$19,637,476
41,305,126
Mexico
Man&Br'nx
NEW YORK
EiPOBTS.
zases.
Auction Sales.
—See page preceding.
^anliiuQ and financial.
BONDS PAYING 5%
Write for special circular, which will be
mailed upon application.
Sp encer Trask
William & Pine
Branch
Streets,
Office,
Moffat
&
New
Co.
York,
Albany, N. Y.
&
White,
Members New York Stock Exchanse,
1 NASSAU STREET, CORNER WALL,
jDeaIer« tn Investment Securities.
Tel. 562C-38I1I Cortlandt.
Telephone Stocks a SpeelaUr*
2
$tt
page
pressed for sale and lost Sfg points of their recent advance.
The last named were firmer in sympathy with the shares.
The strong features of the market were Consolidated Gas
and Distilling Securities Corporation Issues, which advanced
®a^jette*
^attfe^rs'
For JHtidtndt
1007
THE CHRONICLE.
Sept. 17, 1904.]
toos.
each about 2 points. Rock Island, Union Pacific, Atchison
WALL, STREET, FRIDAY, SEPT. 16, 1904.-S P. M. and Wabash were the only railway bonds that could be
Sitnation.-There has
The Money Market and Financial business at the Stock classed as active, and these fluctuated within narrow limits.
been a large increase in the volume of
to
United States Bonds.— Sales of Government bonds at
Exchange this week. This may be attributed, no doubt,the
has passed and
the Board are limited to $400 3s, coup., 1908-18 (small bonds),
that the summer vacation period
the fact
to the season has begun.
at 105. The following are the daily closing quotations; for
usual revival of activity incident
sentiment in Wall Street continues to be yearly range see thtra page following:
The prevailing
momentary set-back
generally optimistic; it received only a
InUr»st Bept. Sept. Sept. Sept. Sept Sept.
Northwest and by an
16
15
14
13
Ptriois
10
IB
by reports of da-raging frosts in the
sentiment is illustrated by
advance in call-loan rates. This
registered Q— Jan *104i4 '104 J^ 104% 10438 104H 104%
and industrial cor- $1,1980
'104^8 10 4^8 104 T, 104^8
an advance of several prominent railway
coupon
1980
New York Central $8, l980,8inaJ.reglstered Q— Jan 10618 •1061s
la,
poration shares, including Pennsylvania
of the $8, 1980, 8m»Il....coupon
106
*106
and United States Steel, to the highest quotations
'106
*106
106
registered Q— Peb '106
to prevent a $8, 1918
105
coupon Q—Feto '106i« *106>« '106 *106 '106
current year; but it was not strong enough
$8, 1918
issues, among which are Union 18,1918, sm»ll.regl8tered Q— Feb
decline in some less stable
106* i06" '106' *io6*'
Feb
Island, the looal transporta- $8, 1918, small.... coupon Q—Jan 'ib'e' *i06* •106 *106 '106
106
106 *106
Pacific, Southern Pacific, Rock
registered Q—
48, 1907
coupon Q— Jan '107 *107 '107 *107 '107 *107
48, 1907
tion and some of the industrial stocks.
^
^
registered Q— Feb '181»4 *181»< »181»4 *181»4 181N *181»4
The advance in call loan rates referred to above was 48, 1936
coupon Q—Feb »181»4 •]31»t *181»4 *181'4 •181V*181V
48, 1936
without significance in the present condition of the money
TbiB ts tue orloe told «t tbe momlnf board: no <•(« was maae.
market. Last Saturday's bank statement showed a decrease
in excess of the
Railroad and Miscellaneous Stocks.— The stock market has
in the surplus reserve, but it is still largely
been more active than for a long time past, the transactions
amount usually held at this season.
„^ ^ „ ^
and prices have
The open market rates for call loans on the Stock Exchange averaging nearly 1,200,0(..0 shares per day,
Tuesday stocks were
during the week on stock and bond collaterals have ranged moved irregularly. On Monday and
^^
,
from % of 1 to 2 p. c. To-day's rates on call were 1 to 2 p. o.
Prime commercial paper quoted at ^@^% per cent for endorsements and 4K@5 p. c. for best single names.
The Bank of England weekly statement on Thursday
howed an increase in bullion of £562,303 and the percentage of reserve to liabilities was 58'56, against 57-18 last week,
the discount rate remaining unchanged at 8 per cent. The
Bank of France shows a decrease of 10,425,000 francs
gold and 5,500,000 francs In silver.
HEW TORK CITY CLBABIKG-HOUBll BANKS.
m
Diff*r$t%a»i
1U04
Sept.
Sept.
pr*vi«vs *9**k
100,073,700
114 687,100
89B,49«,900
34 367.600
90S,769 800
166.776,3)0
110.673,700
139,906 300
116,973,700
Oapiui
1909
13
1803
12
fren*
Sept. 10
134,823 400
••
BnrplTis
duoonnts 1,130 48e.2)0 IBO 13.343,600
IiOMiB
1,085,100
40. 065, MOO IHO
OtronlJition.....
*].221.7CI9.400 Ino 4,625,400
Vet deposit* ...
936 6H2 800
A
Specie
Legal temdeTS..
266 362,600 Deo
78 603,000 Deo
6.902.300
2,006,600
44.79«,8)0
918,196,6 »0
172,068,200
72,852,900
Beaerrebeld
843,865.6>« Deo
S06.4V17 360 inc
7,908,8>0
1,166,360
344,921,100
339,648 900
t5
p. 0. ot
deposits
72,lS2,10it
327,907 400
227,192,326
715,076
16,872,200
38,438 260 De<- e,066,160
aarplns reserve
•S38 869 800 Onitea dt»ce» aeposlts inoluded, against »33,864. 600 last
1903.
week and $37,286,900 the oorrespondlng week ol would toe WUh thege
$44,278,200
United States leposlts eilmtnateii t He surplus reserve
•n Sept. 10 and $68,344,626 od Sept. 3
MOIB.— Beturnsol separate banksappear on tbepreoedlng paf e.
Foreign Exchanjre.— The foreign exchange market was
week and one feature was the offering of finance
easy tbis
gold exports, |500,0ii0 to Argentina.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85(34 85^ for sixty day and 4 871^(34 88 for sight. Today's (Friday's) actual rates for sterling exchange were
4 8435(34 8445 for long, 4 8665@4 8675 for short and 4 8715@
4 8725 for cables. Commercial on banks, 4 8410@4 8420, and
bills;
documents for payment, 4 83%@4 845^. Cotton for payment,
4 83%@4 83^; cotton for acceptance, 4 8410@4 8420, and
grain for payment, 4 84%(34 8»3^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18M*@5 1^%\ for long and 5 18i^@5 liy^X for short.
Germany bankers' marks were 94Jg@94 15-16 for long and
Amsterdam bankers' guilders were
95%f(i 95 7 IBf for short.
40 1-16@40 1-161T for long and 40i^-|-@40>^ for short.
Exchange at Paris on London to-day, 25 f. 23 c.; week's
range, 25 f. 23 c. high and 25 f. 22 c. low.
The week's range for exchange rutes follows
|
4 «696
4 8665
I
I
6 17>at
®
I
I
eiSJs
-a 5
Pari* Bankers' Francs—
« 6 18»4t
High... 6 18'4*
a 6 18«4t
Low. .. 6 IM',*
Germany Bankers' Marks—
-Cablet.-
-Short.-
-Long.-
BterUng Actual—
HlKh... 14 8460 •« 4 84-0
-3 4 8445
Low... 14-435
I
-S
^
4 87
4
8676
I
I
5 17Vj*
I
17 St
4 8740
4 8715
I
»
-»
4 8750
4 8736
on a declining market, the active list showing a
during the two days of about 2 points. Wednesday the
prevailing tendency was reversed and a substantial recovery
made. This movement continued until near the close on
Thursday, the highest quotations of the day generally comparing favorably with last week's closing prices. These
stimulated liberal profit-taking sales and another reactionary tendency. The latter, however, has disappeared to-day.
Pennsylvania has been a notably strong feature, advancing to 132;^, a gain of nearly 5 points, and holding close to
that figure. New York Central when at its highest sQowed a
gain of nearly 4 points. Central of New Jersey was bid up
sharply on Monday, selling at 182K, as against 170 a week
before. Shares of all the Southern roads have been strong
on crop pros ects.
^
t.
On the other hand, Reading has lost a part ot the adand some of the grangers were
vance noted last week,
weak on reports of heavy frosts in the spring-wheat belt.
Metropolitan Securities declined on an official statement
that no "deal" is contemplated. Union Pacific and Southern
Pacific are each nearly 2 points lower than last week.
The movement of industrial stocks has been decidedly
The United States Steel issues have advanced to
irregular.
the highest prices recorded since last October and American
Locomotive advanced nearly 6 points, a part of which it
has lost. Colorado Fuel & Iron declined 9 points, anrl General Electric, Westinghouse, New York Air Brake and
Amalgamated Copper have been weak.
F<rr oatcy volume oj business see page 1016,
The following sales have occurred this week of shares not
represented In our detailed list on the Daites which follow.
freely sold
loss
I
STOCKS
/.
Is*
week
A.lll8-Chalmer8 Co, prel.
Cleve Lorain & Wheel.pf
Commercial Cable
Horn Sliver Mining
Nat Enam <6 stamping..
N V •v N J Telephone...
6S0
312
820
47
70
200
300
700
160
Securities lU Cent'l
stock trust certificates
160
BB
.^i
Sales
ir««« SniXxny Sept. 16
Am Steel foundries
Preferred
Amer TeleK & Cable.
.
R§nas /or With
50 Sep
ei^Sep
3S Sep
90 Sep
76 Sep
200 Sep
1-66 Sep
12
1»
13
12
16
60SSepl0
7
83
93
76
Sep
Sep
Sep
Sep
Sep
Sep
Sep
12 21i»
;4 1-65
14i«Sepl6 16
166 Sep 13 167»4Sep
88'aSepl6
&t»t*
16
*<**** ''o***
39>iiMar
aWne
^
64%Feb
7
J'ly
38 Wan
93 Sep
79 Apr
15
163>«JaD 210 Sep
1
14 1-26 Mai 1 66 Sep
14>«Ang 21 Jan
12
13
10
1<J]
88V2Sepl6
26 J'ly
82 Jan
76 Sep
140
85
Feb l67^Sep
Feb
93
May
OntHldn Mark«*t.— The market for unlisted securities has
been devoid of interesting developments this week. Trading
has continued on a moderately active scale and the movement of values has been irregular. After a gain of \i
to 104^, the price of Northern Securities stock declined
104i^: total transactions
to 103"^, but later it recovered to
for the week in this stock aggregated, it is estinated,
about 6.000 shares. Seaboard Air Line common moved irregularly between 14^ and 14;^ and closed to-day at the low figure;
the preferred de^ lined from 29i^ to 28%, but subsequently
ran up to 30; the last sale to-day was at 'I'i-yi', the 5 per cent
967i,t
94"i«
bonds fell from 96^ to 95^. Interborough Rapid Transit
Bankers' QuUders—
Amsterdam
lost 21^ points, to 14=), early in the week; later it rose to 150
« 40»i«*
a 40>«40>«
HlKb...
iO'iBl,
« 401, ell
« 4OI4
Low.. ..
iOUt
40'i«
but reacted again to 1483^. Standard Oil rose 4 points, to
Less: 'iieotio^ t !,« of 1%. t »,, of 1%. Plus: H »is of 1%. **»s»otl''4The securities of the new American Tobacco Company,
640.
The following were the rates for domestic exchange on the concern that is to be formed by the consolidation of various
New york at the under-mentioned cities to-day Savannah, other tobacco compa,nies,was traded in (when issued) for the
buying, 50o. per $1,000 discount; selling, 75c. per $1,000 pre- first time this week; the common brought 250; the preferred
mium; Charleston, 25o. per $1,000 pretnium; New Urleane, sold at 100 on Saturday, but to-day some changed hands at
bank, 75c. per |1,000 rliacount; oommerolal, $1 CO per $1,000 85; the 6 per cent bonds were traded in from 106 down to
discount; Chicago, 20c. per $1,000 discount; St. Louts, 40@ 1051^. Brooklyn Union Gas debenture 6s gained 7>^ points
45c. per $1,000 discount; San Francisco, 25c. per $1,000 to IWOJ^.
Manhattan Transit fluctuated between 3;'8 and
.sold on
premium.
4}^ and closed to-day at 4i^. Electric Boat common
last previous sale;
8tate and Railroad Bondn.— Sales of State bonds at the Tuesday at 38, a decline of 2% from the
reacted to d»
Board are limited to $20,000 Virginia 68 deferred trust on Thursday the price rose to 43, bu* to-day it
and closed a point higher; the preferred gained 4 points to
receipts at 6^.
White
The market fcr railway bonds has been moderately active 74. Greene Consolidated Copper rose >^ to 15)^. Copper
and relatively steady. Railway issues have been inconspicu- Knob Copper advanced a point to 3;};^. fennossee
U8 when compared with the activity of Consolidated ran up from 30 J^ to 32.
Outside quotaiions will be found on page 1016.
Tobacco and United States Steel bonds. The former were
High...
Low....
I
I
94i»ie1
94'',
®
®
96
1
96»iet
I
9638
«
®
957n
I
I
I
1
I
I
I
I
:
55
8
7
4
New York
SJOLhi>—HJOUJiHT
Monday
Saturday
B&pt. 10
•28
.
30
".'i7'4
30
f)7'« 60
•2S
liO
K'Ji*
8H<»
•.tH3<
ItVH^
121
SO
•93
'4 12:)'-.
'4
Sll 's
Si
9:.
OtlV
67
ur.
145
•147
HS'j
17«
43
lTil>.,
iA\
ilH
^i\•>^
*82'4
>'23.j
•190
•1^3
210
11(1
16\
17
*82»-j
80
'61
54
-26
1
57
's
28
i-j
i\X2\
159^4
182^4
19012191
•140
•185
150
6
1412
7
6>4
15
7
•28
•67
14
f-234
8O34
JiHSi
971-^
94
123
87
•93
'4
Si
13
Stpt.
30
00
08
•57'«
813s
9SI4
124
8"*
LOWKtiT SALh
IVgdntiday
>.3'4
97^8
99=8
1J478
88% 89 S,
93
Si
93
Si
50't
5:<7g
'-J
•140
•185
150
6I4
6
6I4
I5I2
{14
15>4
7
7
STOCKS
NEW yOKK
frlday
fiept. 16
Si
3f)
•27% 30
"4
00
•57
82
Ann
'4
98 '4
1'9%
124'-.
1 :!!'•,
8»>4
>-9'4
88
91
93%
54%
51% 50%
10%
lOSi
232
7
•185
6
15
6
'-i
16%
82 Si
89%
6I4
•4
16
7
Si
•24
151,
7Sj
1034
27
150% 158
S.
8
2I4
2I4
185
6%
15%
7%
6
'4
10
7%
'<2
*2
2'2
238
^4.^
66^8
*7
•4
*7
•12^4
3II4
8
13
31»fe
67 Tg 68
5715
46^^!
*58
•80
-46
•170
00
85
47
185
16
*81
15>i
83
•8734 89
138^4 1393s
22 'g 22'f
4434 4434
•341a ^0
7834 7934
2434 25
46>4 40'-!
I8I4
18
238
438
66^8
*2
*4
67
8
8
»7Sj
li'^s 13
12
1258
30I4 31'6
29 S2 30'e
66^ 08^4 6634 67
45'« 47
4434 45 Si
•68
•58
60
60
•80
*80
85
85
•46
•45 18
48
•170 185 •170 185
•72
15 '4 1534
15
15
•81
83
87-'» 8738
•87
8734
138 "2 139 >2 13778 13812
23
23 "^
22 Sa 23
43
45
4lSi 42
•35
40
'34
35
7812 79
78 S2 7834
25
20
25
25 14
4034 47'>4
47
47Si
1714
*47
32
•90
•245
-56
177e
66
2 Si
4S2
S2
1759
17»4
-47
52
52
•47
52
32 '2
32
32
32
32
100
90
90
•85 100
205
*245 205 *245 265
57
56
*55
50
60
12234 1 23 Sj 122»8l23i4 12 118 122 "4
157»4l675b 150 157
157 157
85^j 873^
81 Si 80Si
79
8238
121 122% 1201812214 1203gl22%
2I4
*4
•66
•7'4
1214
30'4
2I4
4Si
eo's
8
I214
3239
67 14 08 Si
4538 47
•58
00
•80
88
•42
170 185
72
15
1534
81 82
87Sa
87S2
138Sj139
2234
24
4
4Sa
00
Si
07
7%
7%
1234
1234
31%
07%
32S2
0834
2514
25S2
47
47
•734
14%
82
S2
8
12% 12%
31%
67% 08
15Si
14Sj
81
3
6
06%
31
46 Si 47 >4
46
*58
60
•80
86
•42
48
175 185 •170
•
70
81
47
60
86
47
185
70
15
82
87% 87%
140% 139 140
883,
24
44 Si
33
79
2514 25 14
47% 48 14
2334
42 Si 43%
35
35
78 Si 79
234
6
60
58
80
42
•87
139
Lowtrt
Jllf/hetl
44
*34
79
2334
2334
?44
44
3:7734
7734
253s
34%
37
Jm
S2
47
473,4
1734
17
16Sa 17 Si *15
48 52
51
50 Si •50
32
32
32 Sa 32 Si •31% 33
•85 100
•85 luO
*d7%100
245 265 •245 265 245 265
3634 57
57
56% 50%
57'-i
12134 122-8 123
125% 123% 124%
15634 157 14 150S;157
153% 154^8
X
8;-;3j
81
8014 82
79% 81% I'Aetrop. Secur., sub. roc. 7.1,240 72% Marl 96% Aug 11
121 Si 123
120s. 122% 121% 123% Metropolitan street..
139,095 10434 Marl4 12534 AuglO
17 Sa
6OS2
70% J'ly 128% Jan
99% Sep 142% Jan
'f,
.
West Side
Do pref
Met.
'14'% "is"
130
J 130
55 »2
94
65'-!
94
73 'u
731;;
•12934 130
23
23 Tj,
48
483^
98^8 99 »p
•120
12212
40 '4
3934
•iC-j '2l\
I25I4 125=8
"31
32'2
•105
*L>4
112
08
193'.ilii3'2
33
69
•90
65
"95
-74
128
•22
•76
70
1100
68
33'>B
693ii
91
60
105
76
129>8
23
80
70
100
"1334 "15""
135
65
•94
l4%'l'5""
135
*131S2l35Si •13U 135
5534
•55
55
66
•91
98
94 98
98
7234 741*
73
7336
72 Si 72 7g
130 130 •1'29'2 13lI
130 130
23 Is 2334
2214 2234
22% 2334
4-53^
47 S» 49
48
47Sa 48
9734 993fc
96 'g 98
9734 991*
12(120 J121 121
•119Sil21
40I4
40
40
40
39% 4II4
21 14 21I4
,2138 21^8
21
21 Si
124 Si 120
124 125
125 12614
32 !« 3218
32
30 S2 SOS; •30
105
•105
•105
•66
69
66
60
n!»4 I'JiS. n94Sil94Si }194 194
32 S2 33 '4
32Si 333e
33Sa 34'«
68
69 >4
6738 68 Sj
68 14 69 14
•90
91
•90
•90
91
9l
187 187
06
65
0334 6334 *63Si 65
•96 105
•95 106
95 105
"74
•74
75
76
7434 7434
127 S2 129
127abl29Sj 12914131
21I4 21 14 •21
•22
23
23
•75
•76
80
•75
80
80
093^
09 Si
8578 85 ^s
77 '-2 77'-j
29^8 30 14
72iti 73 '4
"ii'^l'ii'^
693f.
101 102
60 14 68 Si
85 14 8 5 Si
77
77
28 '8 30
71
74Si
•30
60
69
"esJi^'n"
105
69
10334 104 Si }105
65
67
65%
84«8
8618
76 Si
2808
85 14
•75
27
Si
70
•30
28
71 '4
7134
50
BANK.S
BanltN
Hid
ASk
..
Amer Exch.
Astor
Boweryli ...
Batch's c& Dr
510
Bnnks
Hid
29
72Sil
530
1235
Ask
285
400
..
350
775
325
825
Comiiicrcc... (217 t217
Consolidated 150
155
150
180
160
C'rnExchgel 390
Ceiltuiyl!
Chase
650
Chatham
Discouulli
t:«.5%
Chelsea ExcT 175
Chemical
4100
Citizens'
(Jtri
145
410
105
165"
East Itivor.. 150
Fidelltyll .... 180
200
Fifth Avol).. 3500 1000
i55
Filth
First
...
300
JdO
Jan 4
Mar 9 59% Sep
Apr 28 15 Sep 10
17
17
S^
"ii.''/ii"
14% 14% -Mexican Central.
46,400
5
125 135 5125 125 Michigan Central
125 ai9%Feb 1 138 reb26
56
57
56
5734 Minneapolis & St. lioais.
1,400 40 J'ue 3 073, Jan 18
?94
94
90% 901..
Do pref
220 80 J'ly 29 96% Sep 16
72% 73% Minn. S. P. & S. S. Mane. 3,465 55 Jan 4 76 Augl5
723.J 73-2
130 130
130 130
Do pref
575 116 May
131 Augl24
24 Si
23% 24I4 Mo. Kansas & Texas
15,695 14% Feb 24 24% Sep 15
4834 49'4
48% 49
Do pref
15,460 32% J'ne 1 49%Aug26
98'4 99%
97% 99 Missouri Paoiilc
136,4.0 87 Feb 2
99% Sep 10
•120 122% Nash. Chatt. & St. Louis
120Sil23
010 101%Feb24 124% Jan 11
41
41 Si
41
41%
at.ot Mex, uon-cum.pf
8,265 3434 Feb 25 41% Sep 16
2IS2 21 Si '21% 2134
Do 2d pref
3,515 15% Feb 25 21%Jan 8
126% 129 14 127% 128 N. Y. Central & Hudson.. 36.441 112%Marl2 129% Sep 15
31 Si 32 Si
31% 31% N. y. Chic. & St. Louis...
700 25 Mayl6 32 % Sep 1
105
•105
Do Istpref
10l%Mayl 10934 Auglo
06
68
•66% 70
Do 2d pref
500 00 J'nel4 69 Jan
191 194 •1)1 192 N. Y. N. Haven & Hartl.
108 §18o%Mayl9 196 Jan 23
33% 34 '4 33% 3334 N. Y. Ontario & Western. 37,215 19% .M;arl4 34%Augl9
69
70 14
68% 70 Norfolk <fc Western
41,020 63%Marl2 70% Sep 15
91
90S» 90 '2 -90
Do adjuatmeut pref.
100 88 May 6 91 J'ly 27
Northern Central
100 150 J'nel4 187 Sep 12
-64
65
63% 66 "4 IJacUic Coast Co
900 51 Feb 24 65 % Sop 9
•95 105
95 105
Do Istpref
96 J'ly 26 95 J'ly26
'
75
75% 75
76
Do 2d pref
606 61% Jan 12 75% Sep 16
131% 132 '4 131 132% Pennsylvania
668,993 lll%Marl2 13234 Sep 15
•21
*21
23
23 Peoria i& Eastern
100 17 Marl6 23% Jan 22
75 80 •75 80 Pore Marquette
74% J'ne 9 81% Jan 23
Do pref
ioS M»y31 469 J'ly 13
"ii" "ii" ""70"""76% Piltsb. Cin. Chic •$> St. Li.
2,420 55 Apr2W Ti Aug26
104 105 •100 10.1
Dj pref
1,096 90 April 105 Sep 15
66
67% OS's OS's Reading, vot'g tr. otfs.. 389,870 3834 Mar 14 70 Sep 9
85 80% '1st pref. vot. tr. ctfs... 4,885 70 Mai 1 86 Sep 16
80
80
75 Si 75 Si
75?! 75%
2d pref. vot'g tr. otls.
1.13- 55% Feb 25
Sep 8
2734 29I4
27% 28% Rock Island Company
187,585 19% Marll 30% Sep 10
71% 72% 71
7134
Do pref
21,050 5734 Jan 6 7 4%."Sep 12
Rutland, pret
30 Apr 22 38% Feb 9
-
Dec
Jan
Jan
38
51% Dec 88
8 % Nov 29
102
41
83
42
Mar
Jan
Jan
118 Feb
79% Feb
132% Feb
30% Jan
63 % Feb
115% Feb
133% Deo
.May 135
Oct 110
Nov
Aug
109% J 'ui
15% Oct
33
Oct
8534
Aug
85
Oct
34% Mai 47% May
17 Nov 28% J'ne
112%J'ly 166
19% Sep 46
100 Oct 118
50 Sep 87
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Feb
% May 225%
Sep 36%
Nov 70%
85 Aug 93 %
190 Aug 190 Aug
3934 Sep
72 Jan
80^ J'ly 100 Feb
50% Aug 76 Jan
11034 Nov 157%Jan
tlS7
19
5334
16
74
}74
65
90
37 %
73
39
J'ly
91% May
Dec }76
Sep
Sep 94
Oct 115
Nov
Sep
Nov
19% Aug
5534
5534 Sep
Aug
30
Jan
J'li-
Jan
Jan
69% Jan
89% Feb
81
Jan
53% Jan
86 Jan
72 Jan
Banks
£id
Ask
Banks
Bid
Ask\
Banks
Hid
Ask
Jtaiiks
Mia
Aiic
I
City
275
Coul ct Irou. 170
Colonial Ii ... 450
I1
Jan 15
16
45
El. (Chic.)
AND TRUaT COMPANIES— BROKERS' QUOTATIONS
Columbia
NEW VORK
American
07
85 14
75% 75%
Hla>i4M
;
•SB
40
37
39
•37
•37
37
37
40
40
7934 81
80
81
80
80 Si
81
82 S.
*78Si 79 S)
81% 81%
•1094,110 <109>2llO •109 110 •109 110 •109 110 •109 110
10
IG'b
16
16 Si
IOSj 16S2
1034 17%
lO^B 17I4
16% 1034
48
48^*4
48''8 49 >8
49
49 >4
60
50 Si
49 Sa 60%
50
50 '4
22% 22 »e 22 14 2234 22
2314
23 Si 25
24
25
24
24 14
109 109 S2 108 10914 160''8l(;8
167i4l68v^ 167Sil08i2 167%168
•278 280
280 280 •279 280
279 78 279'8 280 282
281 285
26 '4 27
BO'S 26^4
2618 26»8
2738
27
28 >2 29
28% 29
80
80
79
80'-4
79
79 Si
7934 80 14
78Sj 78Sj
80% 82
•24
*24
30
26
24 14 24 14 24
30
•24% 27
*24Si 27
•66 "2 665e
howett
'j
86
183
61.^
15
S/Mre*
Unilroada.
Arbor.
1
93'-i
•53% 50
•185
6
15
for ^Vevievi
YeardyuSi
A
185
189% 187% 188
232 •225 229
Iti-i
(m baiii 01 lOU-thare Lot*
100 25 J'lyll 28 AugU 26 Dec 41
}49'4 J'ne
59 J'ly 21 54% Dec 09 Jan
X3 % Sep 1
182,027 64
Feb
64 Aug 89% Jan
17,929 87% Jan
99%.-rp 14 84% AuB 103% Jan
20,0s i!101 % Feb 18 131 %St-p " 106 Dir 120 H«*
|>Hlnnioreife Ohio
68,1167 72% Marl 4 89 % Sep
71% Sep 104 Jan
•> J)o ]iref
025 87% Fftbl! 98 J'ly 20 82 >4 J'ly 963, Feb
lirooklyu liapidTranait
78,165 38 Feb24 57 % Sep 7 29% Sep 71% Feb
Uultalo Uocli. & PillsU'g.
8m0 118% Mar
148 .Sep 12 121
Nov 150 Feb
Do pref
!n:«%J'ue24 }135%J'ue24 !140 Sep 160 Feb
Hiin'alo & Susqiic, pref..
l.looi B5
Aug
89%.Aue23
/ unailian Pacific
22,710llO9%Marr2 .28%Augr !il5%Oct 13834 Fib
V /aiiada Soutlioru
40"| 04 Apr2y 69
Sep 15 57 % Sep 78% Jan
Central of New Jersey...
3,.i20 154%Feb20 182% Sep 12 153
Oct 190 Jan
Chesapeake & Ohio.
61.175 28%.Marl4 4334 Sep 10 27% Nov 53% Jan
Chlca»fo<fc Alton
1,310 33 Jan 1
42 Aug29 18% Sep 37% Jan
Do pref
200 75 Jao 2 »<5% Jau2l 60 Sep 75 % be«
Chicago Burl & tjuincy..
}181 Jan l>- a62 Jan 14 5170 Jly a84 Mar
CliicaKo & Kast. Til., pref
124
Feb 11 a36 Mar24 105 J'ly 138% Jan
Chicago Great Western.. 14,27
12%Jue 8 1734 Jan 22 13 Auii 29% Jan
Do 4 p. c. (lebeulureK
80%J'lyl3 86% Apr 12 83 % Sep 90% Jan
Do 5 p. c. pref. "A'
300 47%J'ne 6 71 Jan 23 63 Oct 85% Jan
Do 4 p. c. pref. "B' ..
tiOO 20
J'ue 6 31 Jan 21
24 Sep 46% Feb
i;hicajfo Miiw. <& St. Paul. 126,774 137% Feb 24 15934 Sep 10 133% Aug
183% Jan
Do pref
210 173 Mar 4 lH4%Si;p 12 168 Aug 194% Jan
Chicago <fe North Western 13,1
161ieMarl4 191 .Sep 2 153 Sep 224% Jan
Do jiret
200 207 Feb 8 232 Sep 15 190 Aug 250 Jan
Chic. Rock Isl'd & Pacllic
5130 J'nc
J 137 May 7
132 Oct 200% Jan
Chic. St. P. Minn. & Om.
135 Mar22 146 Jan 21 117 J'ly 162 Jan
Do pref
_,.
J 165 Apr 21: il85 J'ly 20 {165 Nov 194
Jan
Cliicago Terni'l Transfer.
3,350
5% Aug31 1234 Jan 15
8 Aug 19% Jan
Do pref
3,505 ll%Aug31 26% Jan 16 15 Sep 36 Jan
Chicago Union Traction.
4,850
4 J'lyll
8% Aug.il
3 May 17%Jan
Do pref
30il 29
May24 40 Auk31 30 May 5934 Jan
Cleve. Cin. Chic. & St. L.
2,600 6B%Mayii« 82% Sep 15
66 Aug 99% Jan
Do pref
100 Feb 8 1 10% Marl 4 112 Dec 119 Jan
Colorado & So., rot. trust
7,700 13% J'ne
19 Jan 12 10 J'ly 31% Jan
Do Ist pf. vot. tr. cf.s. 3,095 48 J'ne 1 58% Jan 2
44% Aug 72 Jan
Do 2it pf. vot. tr. ctfs. 6.6O0 17% J'ue 7 28% Jan 22 17 Aug 48 Jan
10,810 149 Mar 12 170 Sep 9 149 Aug 183% Feb
Delaware & Hudson
elaw. Lack. <fc We.st'n
1,900 250% Feb 23 265 Sep 16 230 J'ly 276% Jan
Denver* Rio Grande
4,310 18 Marl4 29 Sep 15 18 Oct 43 Feb
Do pref
5,230 64% Feb 24 82 Sep 10 62 Nov 90% Feb
Des Moines <fe Ft. Dodge
100 19% Jan 7 24% Jan 22 12 Sep 47% Jan
Detroit South, vol. tr. ctfs
1,200
l%J'ne27 1434 Jan 23
734 Aug 20% Jan
Do pref. vot. tr. ctfs.
1,34U
234 J'ne27 29% Jan 25
14 Nov 3934 Jan
Detroit United
300 60%J'liel6 68 J'ly 19 55 Oct 90 Jan
Duluth So. Shore & All..
loo
5% J'ue 3 10% Jan 22
7
Aug 19% Feb
1,2511
Do pref
914 AuglU 1034 Jan 23
10 Nov 29% Feb
325.845 21%MaylO 32% Sep 15 23 Aug 42% Jan
t^rie
^Do Istpref
29.739 55%May3l 6934 Jan 2'
62% Apr 74 Feb
Do 2d pref
17,200 33 Ma}16 50% Jan 2 44 J'ly 64% Feb
"" ""
Evausv. <fe Terre Haute..
54 J'lyl6 66%Jan27 39% J'ly 72% Jan
Do pref
72 Feb 23 80 Aug I
78 Aug 91 Jan
Ft. Worth&Den. C.,.stmp.
40 Mayl2 54 Feb 3 31 Sep 7434 Feb
Great Northern, pref
170 Marl 7 186 Mar23 160 Oct 209 Jan
Green Bay<feW..del). ctt.A
70 Aug 10 79% Jan 7 73 Dec 85 Jan
671 11 J'ne 1 1534 Sep 12 10 Aug 27% Jan
Do
deb. ctf. B
40,1 60
May 2 4 8434 Sep 1 63 Sep 106% Feb
Hocking Valley
350 77 Marl2 91 Aug30 77 Oct 99% Mar
Do pref
16.790 12534 Feb24 140% Sep 15 125%J'ly 151 Jan
IUluois Central
owa Central
2,330 14 J'ne 4 24 Sep 14 16 J'ly 48 Jan
Do pref
2,261 32 Feb 25 45 Sep 7 30% Oct 77% Jan
10(» 22% May 9 35
Kanawlia<fe Michigan..
Sep 9 25% Oct 47% Jan
3,025 64% J'ne 1 7934 Sep 10 6214 Oct 8234 Feb
C.BXS.&M..tr. cts. pfd
Kansas City So. vot. tr. ..
1 ,220
10% Feb 24 26 Sep 1
16% Oct 36% Jan
Do pief. vot. tr. ctfs. 5,330 31 Feb 29 48% Sep 15 29 Oct 61% Jan
lieokuk cfc Des Moines...
2,200 10%Jan 11 19% Apr 12 10 Oct 40 2iar
Do pref
45% Apr 7 52 Apr 12 48 J'ly ^55 Apr
795 26 Marll 33 Aug20 23% Nov 53 Jan
Lake Erie<fe Western...
luO 85 J'uel7 J95%May24 89 Nov 118 Feb
Do pref
L. Shore & Mich. South'ii
5250 J'ly 1 §27134 Feb 24 275 Dec 334% J an
Long Island
700 46 May 17 59 Aug29 49 Dec 83 Jan
Loui.sville <fe Nashville...
5,175 101
Feb23 126% Sep 15 95 Sep 130% Jan
A /I anhattau Elevated...
0,184 13934 .yarl2 157% Sep 10 126% Sep 155% Jan
00
83
50 Si
145
145
145 145
•145 100
•145 105
8.I
•88
88 14 88 '«
1263(,127'4 12034 127 '4
68
09
•08% 69%
180 182 '2 181 181
42 Si 43%
42
43%
41
41
41
41
81 86
•81
86
•190 210 190 210
•124 140
•125 HO
•82 Sj 85 Si
55
55
•24
26
157-^ 159%
•183 185
lilt
Week
y)o pref
.Vtch. Topeka
Santa Fe
98% 119%
IX)
pref
120'4 1;J0'm Atlantic C'oHHt I.lue int..
81% 83 Si
•93
Uange
STOCK
JSXCilANUE
•i46'"i56" •i46"i6o" •i46"'i50" •140" ioo"
•185
6
14^8
-0
I'HJVJCH
Thuridati
Rtpt 16
•27
•57
28
00
80 •»
124
Si
94
14
55 >,
64 'b 56
115 118
•141)
140 140
147
1.05
'145 165
156
'145 105
•p8
89
88
88 Si
88 Sj 88 Si
r.'5'-jiv634
124Sj12534 125 12534
-07
•67
68
67 68
68
17S 182 '2 •178 ISl
179Sb180
42 >4 433^
413^ 42 '4
4218 423^
4034 42
40<>8 4034
•40
41 Si
•82 '4 84 '8
84
•81
84
85
190 210 -190 210 •190 210
•125 140
'125 140 •124 140
16'8 17>„
15^8 16 '4
16 '8 1634
•82 Wj 85't, *82Sj 86
•82 S2 86
54
54 Si •51
55
*51Sj 55
20
20
25
25 Si •24
20
15738 i5y-\ 156Sil57't 157
159
18l'-jl84'2 •183
184 -2 184 Si
185
188 19034 186 187S! 187 S; 188
231 231
ril'4
I'.'6'»l2t5'j
•(>7
lis
&Vp(.
VOi-j
l-'.f.jl24\
hH^i Si".
AND
T^rfdau
SI"*
94
i(;r>
««:'.!
IV
Sept.
Stock Exchange -Stock Record, Daily, Weekly and Yearly
OCCUI'VINW TWO PA<>ICS
14thStreeti;. 300
I'ourth
+227%
Gallatin
385 400
140
Clarlield
500
German Ami; 155
Gorman Exlj 375
Gonnaniali .. 550
Gansevoortll
Imp
<& Triid.
Irving
1
500
1000
Maiden Lane 105
.Mauhaltanll. 310
.M.irket&Fu] 240
.Mechanics'
250
Liberty
Liuooln
.
530
1100
320
250
260
MutuaHI..
290
Nassauli
187
.
New Amster
New York Co
N Y Nat Ex
New York..
19lh Wardli
Pheuix
195
400 425
1500
210 2-26
285
150
Tra;, 130
140
.Mercantile .. 245
.Merch Exch. 160
250
North Amer
Northern
170
Oriental^
535 550
Merchants'.. 175
1571 - *•• -Metropll
376
.'30
220
MtMorrisll.. 225
S5
425
.'35
People'.sli
255
475
270
295
.M
260
fch
<fe
1
• Bid and asked pnoeg; uo sales were luaile on cms day.
i jLiiiss (.11.1U ioj su.ire.s.
Statu baaiu.
( u^x ngjiu.
i Sale at Stock Kickange or at auction this week.
« Trust Co. certiaoates.
Assessment paia.
1
A
a
Ex
...
135
525
Plazali....
Proil Exchli - 170
Riversidel] .. 250
Seaboard
Second
1550
180
280
600
000
145
lOOOl
192%
34th Street..
12th Wardli. 120
23d WardU.. 125
Union Kxohl; 180
United
94
90
ShoCifc Leth. 135
f.;25
Pacirlcli
Park
(ireeuwiclill
Harailtouli .. 170
llauover
165
JetrersonH... 140
190
115
Stateli
265
290'
dividend and rights.
i
6
New
stock.
.
.
Stock Record
Sept. 17, 1904.J
—Concluded—Page
^lUCIiS-HIOHEST AND LOWEST SALE PRICES
Saturday
Sept.
10
*16H 17
49
25
»73Hi 75
•47
*24
60^4
'166
61
173
*15l2
*47
*73
59%
l(i6
20 «
Sept.
I'J
17
49
25
76
60 »2
173
*15Hj
47
25
73
•23 H2 25
•73
75
5934
o9Hj
•166
166
21
2018 20=8
44^4
44
43 H2
170
Sept.
1634
17
47
1634
17
47Hi 49
5834
Thursday
Wednesday
Sept. 14
Tuesday
13
Monday
Sept.
2534
75
60
170
«
•48
26
•73
5934
166
15
17
49
2634
STOCKS
NEW YORK
Friday
16
60S8
the
1,200
100
1,500
St. L. <&S.Fr., Ist prof...
Do
2(1
1009
Range
On basis
ror Year 1904
or 100-share lots
Week
Shares
*15H» 163^ St. Joseph &Gr'd Island.
•46
49
Do 1st pref
Do 2rt pref
•24Ha 27
69 Ha 59 '(
166 170
1
2
Sales oj
STOCK
EXCHANGE
Sept.
75
170
23
7
.
19',456
pref
C.& E.I. com stock trctts
ror Previous
Year (1903)
Lowest
Highest
Lowest
9
Range
Marl5 17 Augl6
Mayl7 51 Auglo
Jan 8 27I4 ATigl5
Mar 1 76 Augl6
7
Oct
Highest
I514
Jan
32 Oct 58 Jan
13 Oct 247 Jan
68 Aug 88 Feb
39i4Jan 6 61 Sep 10 39 Dec 78 Feb
150 Jan 9 173 Aug30 148 Ha Sep 170 J'ly
9'2J'ne J 22H2Aiig26 12 Aug 30 Jan
26%J'ne 1 45% Aug27 24 Aug 66 Jan
41HaMarl4 59 Sep 6 38% Sep 68i4Mar
35
16
561
6,375
10,150
137,870
573,
5534 57
Southern Pacific
5638 57H2
5538 66'8
5608 57^4
57^8
11388 11338113=8
Do pref. Istinstal. pd 4,262 113 Sep 12 11378 Sep 9 161-^ Oct 3679 Jan
113 113>2 113l8ll3'4 II314 II314 113 14
II3I4
3-234
3334 9outhernv.tr. cfs. stmped 369,640 18^4 Feb 24 34^8 Sep 12
33^8 34 Hi
33Hi 34Hi
3314 3434
32»8 3478
31^4 3'23i,
6,435 77 Ha Jan 6 96 Sep 9 69 Ha Oct 96 Feb
do
95«8 957(
9538 95'8
95 13 96
Do pref.
94^8 95 12
95'2 96
95^4 96
90 Feb25 94 Augl9 85 J'ne 96H>Mar
M. & O. stock tr. otfs..
69,920 20i8J'ne 7 33 14 Sep 12 2014 Aug 4339 Feb
"•ii''^ "32i< 'Pexas & Pacific
"so^s 32 14
3178 H3'4
31«8 32^4
1,100 115 Marl4 I2UI4 AuglO 100 Oct 12878 Jan
1 hird Avenue (N. Y.)..
125 125
'124
125 •124 126
124^4 124Hj125
123
17l4 0Ct
3739 Jan
125 125
17H2J'ne21 22 Jan 21
•20 W 20 H2 •2038 2012 Toledo BaUways <$> Light
23
20H2 •20
20 Hj •20
-20
20Vi • 20
9,537 21HaMay27 32 Sep 16 1 5 Sep 3179 Jan
II4
29 14
31
32 Tol. St. L. <fe W. V. tr. otfs
• 27
28^8 29
29
29
29
29
Sep 16 24 Sep 48 Jan
29
Feb
62%
50 1«
5238
50
47
Do pref. vot. tr. otfs. 13,679 32 Feb 24 99 Auglo 79 Oct 12214 Jan
46
46
H714 4714
4712 47'i2
23
495 87 Ha
Hj
47''b 48ie
97 14 98i« •9634 98 T-svln City Bapid Transit
?963, 963,
98
598»8 98=8 •97
98
98
100 158 Augll 5159H!J'lyl>' 155 J'ne 51.59 14 Deo
Do pre!
158 1'5S
98i«
275,835 71 Marl 4 loiHiSep 7 6534 Aug 104% Jan
97' 99% Union Pacific
98
97-4 98H2
9Qh
ggi^ioo
99^8 101
1,670 a;86HiFeb25 9534 AugSO 83 Ha Aug gsHjFeb
93
Do pref
93 Ha 93 Hi 593
93
92)^ 93 Hi
93
93
93
92 '8 927,
9 Dec 22% Jan
300
9 Feb 17 15kAug29
•13
U nitBys Inv't of SanFran
•13
16
15
•13
15
14^4 16
2,300 42 Hi Apr 19 5779 Sep 12 35 J'ly 64 Ha Jan
5579 66
Do pref
5638 5638
56Hi 56 Hi
5636 56 Hi
56 <4 57^8
56-0 67'<2
8,600 16 MaylO 22 Sep 12 16% Oct 3234 Feb
2118 21% Wabash.
2138
21
21Ha 21\
2034 21
20^8 22
21 S2 2134
33,845 3234 Feb 24 43i4Sep 15 27 Hi Sep 55 14 Feb
4134 43
41J8 42
42 14 43 14
Do pref
4138 43
4II4 4234
41'% 421,
2,000 14i«J'ly26 19 i8 Jan 22 12 J'ly 27 Hi Feb
17 '4 18
I714 17I4 Wheeling & Lake Erie...
16»8 17
17 Hi 17Hi
17'4 18
18
18
800 37 J'ly27 5234 Jau 22 40 14 Nov 62 May
*44
44
45
Do Istpref
46
45Hi 451-^
46
45
46
46
•45
47
20 Sep 38Ha Feb
676 21i8J'ne29 2934 Jan
25 Ha 25 Hi
26I4
•24
Do 2d pref
253^
26 Hi •24
26Hi
25
26
26;'8 26%
6,140 16 J'ne 6 2178 Jan 20 14HaOct 29 14 Feb
I914 19% Wisconsin Cent. v. tr. cfs.
1934 20
1938 193<
19Hi 2«
1934 20
19^4 20
4778 Jan 27 33 Nov 55 Ha Feb
43 7e
44
Do pref. vot. tr. ctfs. 8,025 37 J'ne
4418 44H2
43Ha
44Ha
41»8 445,
45
44
4438 45
Inilustiial ifc Miscell
52S6 Sep 9 J 2 04 Jan 235 Feb
80 }220 Feb
230 240 5235 236
230 240
230 240
Adams Express
'233 210
•233 240
5934 Sep 9
33% Oct 75% Mar
5734 587|
68
malgamated Copper... 170,357 43H.Eeb
59%
5814
5734 58 Hi
57
5738 59Hi
59I4 59''8
24 Ha Sep 12 1714N0V 4134 Jan
23I4 233,
2234 23 14 American Car & Foundry 12,615 143, J'ly
2314 2378
2234 24
2318 24 H2
23^4
82i4Sep 12 60 Ha Nov 93 Jan
23
67 Jan
5,187
81 Hi 817r
8I34 8I34
Do pref
8IH1 813^
8IH2 8 134
8iH2 82^1
80% 82
33I4
4,425 24i4J'nel4 3434 Aug 8 2514 Aug 46I4 Feb
33
33Hi 3414, American Cotton OU
32
32 Hi
32 >4 3234
3234 33
32 >« 32 "i
82 J'ly 98 Feb
8834 J'ne 6 02 Augl7
•90
•90
"90
94
94
Do pref
•90
94
94
«90
94
• 90
94
100 22 Aagl7 26H2J'lyl8 24 Nov 41 Ha Jan
•23
•23
•23
26
26 .\.merican Dist.Telegraph
•23
25
26
•23
30
23
23
180 J'ne 2 52 15 Aug25 171 Aug 235 Feb
315
210 210 •206 214 American Express
206 214 •208 214
210 }211 »2U6 ....
8HaFebl5
6 J'ly 29% Jan
5 Aug 3
•5
•5
•5
6H2 American Grass Twine .
7
6H1
6Ha
6H2
2i4 0ct
6^ •4H! 7
llieJan
•5»a
4I8
2% Jan 6 514 Jan 27
1,200
•4
41,
•4
4I4
•4
5H. Amer Hide & Leather...
4Hj
414
4H2
4>2
•4^1
30U 1118 Jan 6 2114 J'lyis 10 Oct 37% Jan
•20
201^
20 Hi 20 Hi
De pref
20
20
•19Hi 20 Hi
2OH2
• 20
2012 •20
9i4Jau 2
4 Oct 1134 Jan
6i8Mar24
972
7
7
«7
*6Hi
7
6\
6=3
6'8
6% esj 26I4 26'4 «6Hi 2618 2614 26'8 2618 2634 52618 2718 American Ice
1,505 24i4Mar24 36HaJan 4 16 Ha Oct 4214 Jan
Do pref
2618
26^8 26'8
5 J'ly 1934 Jan
7 J'ne 2 15 Aug29
100
•13
15
12 Hi I2H2 •12
13Hj American Linseed
•12
14H2 *11«8 13 Hi
•12
15
22HaJ'ne 1 35H2 Aug26 23 lo Nov 48HaJan
•31
36
35
Do pref
35Hi •30
35H2 •30
35H: •30
•32
35 H; •32
Jan 6 28 Is Sep 14 10 Ha Oct 31% Feb
26% 27H2 American Locomotive.. 126,770 16 H,
2718 28i«
26% 28
2434 27^8
24 H2 25 Hj
22^4 25
9759 Sep 13 07 Ha Oct 9534 Feb
8,167 75 Hi Jan
97
971,
97
97H;
Do pref
97
97 Hi
95 Ha 97»8
9334 97
93St
92
5 Is Feb
434 Jau 22
2 Ha Mar
2HiJ'nel6
•4
*4
•4
4Hi American Malting
•4
4Ha
•4
4H2
4Hi
4Hi
•4
4>i
4',050 16
J'ne 3 22 Jan 14 14HiSep 24HaJan
20
20 Hi •19
1934 20 Ha •20
Do pref
20
19H2 19^8 •19
•19
21
46 Feb 25 68 feep 10 3634 Oct 5278 Feb
65 '8 66% Amer. Smelt'g & Refln'g. 37,605
6534 6678
6514 6634
66Ha 67 Ha
66*8 0734
67^4 68
3,662 8834 Jan 6 109% Sep 12 80i4Oct 99 Ha Feb
Do pref
108a4 109
1083, 10936 108 10814 108Hal09i4 10714 108 Hi 108
200 110 Jan 21 135 Aug26 90 Aug 126 Mar
•132Hil45 '132H2l34Ha American Snuff
136 135 •130 145
•135 140
•135 140
85 Jan u 98 Hi Sep ~ 80 Sep 98% Jan
*95
98
•96
*\)i^ 98
Do pref
•96
98
99 le
'96 100
•96
99
122i4Mar 7 134%AuglO 107 Is Oct 134% Jau
1303,
130Hal31Hi 13078 13218 13034 13178 American Sugar Eoflning 53,715
I32I4 130H2 13134 130
13134
123 Jan 4 136 Aug29 HO Aug 123 Dec
•131 140 •131 140
Do pref
•131 140
•132 137
•133 140
•132 137
425 121 Feb 16 140 Sep 10 1 1 7 14 Oct 169 Feb
•138 140 •138 139 Amer. Teleph. & Teleg..
•140 140Hi '139 141
140 140
1397el4"
672 13014 Feb 11 147 Sep 10 130 Sep 146 Jan
143 143 American Tobacco, pref.
•141 144
144 144 •140 144
145 145
145 147
14% Feb
14HaSepl4
7 Ha Oct
600 10 Jan
*13Hj 14H American Woolen
14Hi 14Ha *13Ha 143,
•13
14
13H2 14
14
14
212 69 Jan 25 82 Sep 7 65 Oct 80 Jan
•8134 83
•81
83
Do pref
83
81
{82Hj 82Ha •31
81
•81
82
Feb 20 90 Sep 16 68 Oct 125 Ha Feb
7,475 61
88
90 Anaconda Copper
8434 85
86H! 86H1
84 H2
82
85
84
86
86
300 185 Mario 227 Mayll 170 Sep 226 Jan
•220 224
•222 225
222 Hi 228
Hrooklyn Union Gas
'220 226
220 223
•220 223
1618 Jau
Jan 26
6 Oct
i
6 J'ly lb
400
634
6I4
6I4
7
runsw. Dock & C.Imp'i
•6
6H1
6H1
7
•6
•534
7
684
10 4779 Feb 19 4978 Mar 7 40 Aug 55 Jau
•48
Butterlck Co
48
49 Hi
49Hi
•la's 49'i2 §483b 483« •48Hi 49H! •4SHi 49Hi
25 12 Marl 2 44 Sep 10 24 Nov 82 Ha Jan
33I4 3914
79,155
3134 36
3334 40 Hi
40
( Colorado Fuel & Iron.
39
43 H!
40
39>4 44
63 Apr 6 65 Jan 27 65 Dec 122 Jau
\J Do pref.
65
"65 ....
66
•60
•60
9 Ha Nov 22 Is Feb
8 J'ue28 I634 Jan 26
3,335
12 Ha 13% Col. & Hock. Coal & Iron.
I314 13Hi
13!^
13
12^8 I314
12'i> 12^4
210H! Apr20 164 Aug 222 Jan
20 i Hi 206 Consolidated Gas (N. Y.). 28,395 185 Feb
2O0 20714 204Ha207
203 206'e 205 206^4 203 Hi 206
123 Sep 10 9434 .\ug 119 Jan
Jau
120 Hj 12234 122Hal23Hi 123i«123% jl21i2l22H Continental Tobacco, prel 10,615 IOIH2 May
123
121
123 125
22% Jan 25 15 Ha Nov 35 Mat
934
5,810
141, Corn Products
14
1334 133,
13 Hi 1334 51338 13%
13H» 14
3 3>a 1334
1,272 65 Mar 9 74'.. J an 23 60 Nov 85 Is Jan
71
71
7034 703,
Do prel
7014 7014
•70
71
70 Hi 7034
70h 70'-i
9,823 19 Hi J'ne 9 29 Sep 15 20 J'ly 34»4 Jan
28I4
28 Ha 2834 Distillers Securit's Corp.
2814 29
273,
2734
27
2734 28
273b 28
5,150 cl51 J'ne20 17914 Jau23 136 Sep 204 Feb
172 1723, xl70Hil71 General Electric
172 1723, 172 174
175
174'al74Hj 172
9 J'ly 1978 Jan
17,063 10i4May26 18 Sep 16
15
18
InternationayPaper.
•14
16
14Hl 153,
15
14>4 1434 •14
•14
1434
4,945 6418 Feb 9 76i4Sepl6 57 Ha Nov 7414 Feb
Do pref
74Hi 76I4
•74
(C7334 74Ha
75
74
74
75
74
7434 7434
73
2,400 26 Mar 1 41 Sep 13 23 Nov 46I4 Jan
4II4
•41
41
Power..
41
International
•41
411,
40H» 41
38
40 >4
3ii
May
36
1,400 28 Sep 2 40 Apr 7 28 Dec
31
31
Internat'l Steam Pump..
3078 3078
•30
•30
32
32
31
31
29 Hi 29«8
700 71 Hi Feb 9 78 Apr 7 70 Oct So Ha Jan
•76
pref
Do
76H2
75 Hi 76Hi •75Hi 77Hi
76
75Hi 75Hi
76H!
13 May
•7e>a 77>a
6 Ha Sep
14HiJ'ly23
6HaMar21
•10
•10
13 Manhattan Beach
13
•10
•10
13
13
•10
•10
13
13
1,150 36 Jan 4 4934 J'ly 20 32 Oct 47% Feb
48
48
National Biscuit
4734 47 7e •4714 48
4734 4734
4739 47=s
}48
48
250 100i4JanlO 10934 Aug 16 94 Oct 10079 May
lo9Sal09H.
Do pref
•109 10914 109 10911 109 Hi
•108 Hi 109151 1 09 U 109
24I8 247|
21,400 14'8Feb25 24% Sep 15 10 Hi Nov 29 Ha Feb
24 Hi National Lead
243.
23-'i
24
23 Ha 233,
2334 24Hi
96I4 Aug2J 75 Oct
95 Feb
23 "a 24
300 80 Is Jan 2
•96
96 Hi
Do pref
96
96
97
•94
•95
97
96Hj •94
Oct 177 Jau
13934 Jau 2'.' 105
900 120 Feb
York Air Brake
138 1383, 135 138 New
132 138
13JHj1393, 138»8l38»8 132 138
Marl 2 93HaAug30 68 Sep 124HaJan
620 80
59234 9234 North American Co., new
93
593
9234 923,
93
92 1, 92 '8 •yl
93 Hi 93 "i
33I4 34
13,310 24 Feb2/ 35 Sep 10 17 Aug 4234 Jan
33I4
32 Ha 33
Ji.aclllc Mail.
341,
33
32
33 14 35
3234 35
Sep 10 873 Sep 108% Feb
eop. Ga8-L.& C. (Chic.) 12,968 9234 Marl2 104%
10314103% 103 103% 102 Hi 103
1037^104% 103 104% 102Hil03Hi
10,899 24 14 May 16 35 Sep 12 22 Hi Nov 6534 Jan
3334 3434 Pressed Steel Car
3414 34"
3334 34%
34
34Ha
3334 3434
34 Hi 35
Maylb 81HjSep 15 62 Ha Nov 95 Feb
2,278 67
81
81
Do pref
811^
81
80-'4
8O34 581H 8H8
80
81
7834 80
100 209 Marl 4 222 J'ly 15 196 J'ly 23534 Jan
216 220 Pullman Company
'216 220
'216 219
217 217
•218 220 •216 220
24 14 24 H 1> ail way Steel Spring..
8,770 16 Mayl8 2434 Sep 15 16 Sep 37 Feb
243,
24
2218 22 H
22 Hi 233,
22
23
22
22
1,155 7134 Marl6 81 Sop 15 67 Nov 90 Feb
pref.
VDo
8O34 8034
81
80
•79
80
80
79 '4 79>4 •78
9i4Sep 15
S7938 7938
6% Nov 22% Feb
6 Mayl6
9I4
25.170
834
91* Republic Iron <fc Steel ..
834
8^8
8% 8\
8*4
9
7'8
9
49HiJau23 36'4 Nov 80% Feb
11,045 37 May 1
4334 44
Do pref
43 14 43%
43% 44
4434
44
2'2i4 Jan 27
44=8 46
4334 45
12 J'ly 30 Feb
11,260 1434 Apr 15
19 H. 193, Rubber Goods Mf g
1934 20
19 '4 20 Hi
1934 20
1938 20 Hi
1834 1914
60 J'ly 84»aFeb
20 7434 Jan 15 82 Aug3
Do pref
82 H,
•81
82 14 5 82 Hi 82 Hi -81
82
22i4 0ct 72
582
•81 Hi 82'4
Feb
4134 Apr 12
1,900 31 la Jan
4034 4034 SlossShelBeld St. & Iron
41
•39 14 40
40
•3934 40
3934 3934
3934 3934
300 77 Jan 5 8934 Sop 15 67 Nov 97 Hi Feb
•88
90
Do pref
•85
89 Ha 8934
•86
90
89 Hi
•86
•86
90
90
34 Sep
6 Ha Feb
17gFeb24
34 Mar 4
550
II4
Standard Rope & Twine..
1
••'8
1
*'8
lie
:'«
•34
I's
1
1
Sep 15 267gNov 68% Mai
4778 49"-^
47 Hi 4334 Tenn. Coal, Iron & BR... 35,875 31%Mayl6 49 Hi
4634 47 H
47 14 49
47Hi 49
47 V« 48^8
600 25 MaylO 33i4Sep 9 22 Aug 4034 J.in
Texas Pacific Land Trust
•30
32
•30
32 Hi •30
-32
33
33Hi
33 '4 •33
33 H.
33
4 Ha J'ly 15 Jan
7% Sep 16
379 Aug 19
2,700
6l8
6I4
7
7% Union Bag <& Paper.
7
7%
7 '4
7'4
6% 718
5734 Dec 7934 Jan
1,635 45 Feb 24 64 Sep 7
Do pref
64
63
61 14 62
62 Hi 63 Hi
63
C2
63
6i8 MaylO 1 1
63H2
Sep 2
6 Sep 15 Feb
220
Pipe & Foun.
U. S. Cast 1.
5IOI4 1014
11
11
660 40 :Mar24 57% Sep 2 33 Nov 55 Feb
Do pref
57
67
557Hi 57Hi
67
67
57
67
58
i58
692 100 Feb 24 5123 Aug2o 96 Aug I5014 Feb
119Hil20 •116 120 United States Express...
118 119
116 110
•116 120
•116 120
15 '4 Feb
6 Sep
934 Sep 16
6 Ha May 2
39,625
8l8
8I4
8i»
8l4
8% 93, United States Leather
8% 83,
8'8
81.
S
8Hi
71HaOc1t 9634 May
8734 Sep 16
4,765 75%Jan
Do pref
8634 87
86 Hi 873,
86H1 86 Hi
S6Hi 86 Hi
80 Is 87
Sep 6
1.160 43 J'ly 13 54
53 14 •52 Hi 53 14 U S Realty & Improve'nt
5234 5234 553
53
53
53 't
53
{6334 633,
19 •»'«>{:
J'ly
7
2034 Sep 15
8,495 10 Hi Feb
1979 20 14 United States Bubber
20 14 2034
2018 20I4
I9I4 19 Si
1978 201*
Fob
19Hi 2014
7SHiJ'lJ-19 SOi^J'ly 68
2,146 41 Jan
Do pref
743,
7534
74
75
7434 75
•74
76
76
7434 7434
75
Feb
8% Mayl3 18l4S«>15 10 Nov 3978 Jan
341,876
16 '4 181, United States Steel
16 '4 I8I4
1434 16%
16% I6I4
15
16
1 434
1 6 "4
Sep 16 4934 Nov 8934
091,907 emMaylS ftsn,
Do pref
66 '« 6914
04f-8 tiiih
67
68 Hi
6714
64 14 65%
65
66*8
65
66% l<ob
17 Hi Sep
36i« 36
25,390 2234 J'ue29 37 Ha Sep 15
VlrKinia-Oarolina Chem..
363,
37 Hi
34 Hi 363,
3436 347e
34Hi 34 'e
34H> 3514
9,639 97%Aprl6 10918 Sep 14 80 Aug 128 Ha Feb
Do pref
10734 1083b 107 Hi 10834 108 108% 108% 109 H, 108 Hi 10878 IO8H1IO9
165 5200 J'uelO 250 Aug2;) 4191 J'ly 249 Ha Feb
230 '250 •230 245 Wells, FarKo & Co
•230 260
'230 250
230 230 5240 240
J an
4,985 85 May 19 92 '4 Sep 14 80 "4 Sep 93 .Ian
est'n Union Tele'gph
92 14
91Hi 92
92
9134 921.
92
91 1« 9IH2
91
91 Hj 91 H?
1,700 153 May 2 1737b Jau 21, 130 Oct 221 Jan
West' gh'se El f& M f g assen
162 1« 16218 162 163
163 163
162 162 •
163 Hi 164
164 164
19 160 Sep 224
180 Augl7 194 Jau
Do Istpref
180 200 • 1 80 200 182 200 •180 200
>180 195
•180 195
2\\.
45
44
44
ij
21=8
45^4
2134
2134
22Hj
2138
45
44
45
44
56I4
2138 St. Louis SouthwesterD
45
Do pref
Co
"^4
•
"^4
m
"
."
BANKS AND TRUST COMPANIES-BUOKERS' QUOTATIONS
Banks
Bid
Ask
Bid
Itank*
Manufaclrs'. 365
MechaDlcsll 280
Merchants'.. 130
400
Nassau
300
Nat City
North Sldell. 225
290
I'eople'sll
BBOOKLTN
17th Wardll. 155
190
Sprague
Broad way v.. 300
BrooklynH ..
iiso" Stuyvesanll 185
160
UnionTl
Con'yl&BBl iVo"
155
WallabouMi
First
:<80
jiio'
Borouglill.... 136
1
300
316"
Truat Cos.
Bid
Ask
Fif tJi
UowrgOreoii tllOHi
BroadwayTr. 144 148
C'lR'lyB&Tr 516 550
Central Tr'st 1950 2000
210
200
Conimonw'lh
170
Knipiro
Truat Co's
FarmLoATr
N. T. CITT
Bankers' Tr. 310
City Trust... 265
302
Colonial
150
.
•
Atk
BKOOKLYN
Wa«h.H'ht8ll 200
We«l8lde1i.. 600
VoikTlUeli .. 375
.112
66
Ka«lern Tr.. Vh'a" H6
210 ,!30
KquitableTi 650 666
Bid
A$k
1300 1360
550
Ave Tr 526
(Juaranty Tr 600 650
Guanllau Tr 155
165
Knick'rb'k'r 900
Lincoln Tr... 345
MiiuUaltan .. 475 jOO
Mercantile .. tiooo
Mercliunls'..
Metropolitan .^90
870
Mul.Alliance 200
.Mortou'l'ruHl
210
610
8H5
220
Truat Oo'a
N Y Llfe&Tr
N YSeCifcTr
J
North Amor.
J
Real KstTr'l
1
SlaiidardTr't
Bid Ask Trust Co's
1000 1030
BBOOKLTN
640
247 Hi 262 Hj
Brooklyn Tr
325
FlallMi.sh
330
Franklin
475 435
Tr Co of Am.
union Trust 1350 1400
30
US MtK<ftTr 420 41460
Unit StaU'rt 1425
'
VanN'donTr 198
WHsliinKtoii
.V.IO
Windsor
IG6
J02
390
200
330
300
llannlton
Kings Co.... 400
1, Isl L&l'r. 2;:>
240
NaMSHU
310
I'lMiiile's
WUIlamsb'R. 210
iflx divnton '* *
Ex ngUW.
Bid and askeil prices; no sales on tlila day. 5 Loss tb»n 100 suareH.
Ba"iffm;irko,l with a paragraph
Sk stock dividend. » Trust Oo. oerilttoate*.
S*le at Stock Exchange or at auction this week.
(T|)
Ask
Bid
U5
1
(20
,
(0V>'
1
J55
il5
j
220
are State bank.
—
New York
Exchange— Bond
Stock
ItONDS
Pric*
STOCK liXCHANGE
Wkkk Emiiwo Sept 16
Kanye or
Latt
Atk Low
Bid
Hiyli
January
Ko
1
High Central
106
105
l04»Bl04^ lOBU Au(!'04
104»8 105!^ 106 '4 .Mai'04
107 >4
106 '4
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ti
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105
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tlill
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li-K
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Frankfort'On-Mam a^sser
1..
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iliill isee
Albany & Susq Hee Del & Huil
Ailegheuy Valley AeePeun ltl<
Alleg & West «ee Boa K <fc P
Ann Arbor Ist g 48
/tl995 Q-J
Atcli T & S Ke geu g 48...1'J9o A-O
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Cliic & St Ijouis 1st tis.. 1915 iJi-S
D
Atl Knox & Xor 1st g5s.. 1940
Atlantic Coast 1st g4s./i.li'62 M-3
Charles & Sav Ist g 78.. 1930 J-J
.1
h- & W ist gold 68..1934 A-O
Ist.gold 6s
1934 A-O
Ala Mid 1st gu gold 5s 1928 .\i-N
Bruus &,
ist gu g 48 1938 J-J
SUSpUca<fc(i gng48 1918 J-J
Atlantic <fe Dauv hee South Ky
Atlantic & Yadk Hee South Ry
Aastui & i>l
-Se« Sou Pacitic
Sav
W
W
J-J
/il925 y-J
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7tl948
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1911
P Jun & M Div Ist g 3 H2S1925
P I, E & Va Sysref 4sl941
Southw DiT Isi g 3 'as... 1925
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kVd'lh
Mouou Riv Ist gu g 58. .1919
W
9515
96
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110>4 11134
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Beech Creek Hee N Y C & H
Bellev & Car Hee Illinois Cent
Bklyn &, Montauk Hee l>oug 1
Bruns <fa West Hee Atl Coast L
9814 Sep '04
9134
93
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1909
Southwest Div Ist Os
"W18& Minn Div g OS. ...1921
Mil & No Ist M L 68. ...1910
1913
1st consol 6s
1915
Chic & Nortliw cons 7s
1886-1920
Extension 48
1880-1920
Registered
1987
General gold 3 las
b1987
Registered
Sinking fund Oa... 1879-1929
1879-1929
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Sinking fund 58. ..1879-1929
1879-1929
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1909
Debenture 58
1909
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Debenture 58
1921
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103
98
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92^2 99
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Mar'04
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Carb & Sliawu Hee 111 Cent
Carolina Cent Hee Se^b Air L
Carthage & Ad
N
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CedRlaE&j; .SceBCR&N
Cen Branch U P l8tg48...1948 J-D
Cen Branch Ky Hee Mo Pac
Cen RK& BolGacolg58l937 M-K
CentolGaRR Ist g 5s..i>1945 F-A
i>ee
99 14
Kcgislerett
Ist prol income g 68
2d prel income g 68
Sd prel income g 5s
120'-j
9914
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1945 M-r4
pl945 Oct
pl945 Oct
pl945 Oct
Street Railway
Brooklyn Rap Tr g 68
1945
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2002
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Bk Q Co <& S cou gu g 58.1941
Bklyn Uu El Ist g 4-58.1950
Kings Co El Ist g 48.. ..1949
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102 >a 106
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110 110 Aug'04
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80
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175
;30H;
;14
1
20
liiO
117
100^
Aug'04
Api '04
1 20
Dec'02
Sep '04
-10538 108 >,
130H,
7ili66--il30H
Sep
'04
109l3J'ly"04
172 Aug'04
110^6
1 10^8 Sep '04
109 no 109
109
109Hl J'no'04
!;;"."97'( 97 Hi Aug'04
116
I16HiApr'03
119
116 Apr '04
IIII4
IIOI4 Feb'04
116 117 116 Aug'04
nil, Aug'o4
Ill's
129
137 Hi J 'ly '99
ll6i4ll7H2 11734 May'04
look's
106 Aug'u4
175 .... 169 Mai'04
114Hj..„ 113 Aug'04
IO6I4 ..
100
106
IIII4 113
1 1 1 "4
1 1 1 H;
llOHilllH^ 112 May'04
115>4Sep'04
115Hi
Ii23e
112 Sep '04
II634
11034
11034
128 Ss
12814 Aug'('4
lO4^8 0'ne'O4
102=8 May'04
.100
100
lOO
103 Nov'9S
113Hill8 117 J'ly'04
6|ll4Hil20
Il2'4ll7
—
lllHjlU'a
...'|108
lOHia
...'l69
---,109
175
ll'i'a
I0I10714IIO
"- 109 Hi 1094
97^4
...I
9bV
111538119
jiogasiii
.11434 117
-i
-•
10934 11 1'4
,
11638
106
169
112Hl
106
118>9
106
169
113
107
i^|110l4 112<i
10934 112
114
116it
11034 112
3 11414 117^
127=8 12934
10234 105
102*8 102^
96Hi 100
1111,118
lllHinec'03
110
107
105
104
lllHj.
.\-o
J'ne'04
M-N
M-N
MN
MN
AI-N
Hi
IO8I4 llOHj
Mar'04
106
104
104
Hi
lOO^B
lOS^a
107
106
..111714 11S'»
130
Hi
ISO's
101
103 Apr '04
109 Sep '03
126 J'ne'04
1221a Aug'04
123
1221s
10434
Sale
10516
107
100
97 Hi
95 Hi
95
94
,
J-J
105H2
10434
10634
AMM-
116>4
,
95
98
103
103
12118 125
120 122H»
36 101 105i»
'0-1
97
97
96
93
14-50
96
93
90
66 Hi
ll
7034
76'9
M»)04
May'04
May'04
7,-
76Hi
90
78
89
89 661 73
104=8 Jan '04
104!^ 104"%
103 '8 1 03 'e
103'8Jan'O4
95 "4 Oct '03
95
95
95
95
9334 98
98 Jan '04
87
,
98
A-O
J'ly
3i>1J6''^1'293b
'03
97
96
93
75 Hi
7dHi
Sale
J.J
J.J
J-J
Jan
90
7618 8016
88
l09Hill2Hl
109-'4
11734
M-S
M-N
105 Hi 106 !»
J'ne'04
129->8
1293^
11734 Mar04
142HiFeb'0'.>
13134 Dec '03
llOi-i
II0H1II8
II418II6
106 NoT'02
105 Hi May'04
105*8 Nov'o3
lu3Hi
105
104<«
107Hil08»»;
10834 108*4,
114isJ'ne04
104 Hi
104 Hi
130
Mar'04
10814 J'ne'04
10334 Jan '04
118 J'Iy'04
11734
11634
129-'fi
J'ly'04
,
,
104 Hi 10634
10634 J'ly '04
Knilway
Chic St 40-yr cons g oa. 193i
Mar'98
116
116
1 16 Hi Sep '04
io5^;;.";
108
112
107 14
f.i
J-J
J-J
J-J
118
lOOHiluS
1113
50;
on Next l>a«e.
St Ry— rC'o)i;Ref g 4s2002
Col<fc9thAvlstgu g 58.1993
Lex Av ife P F ist gu g 5s 1993
Third Ave RR con gu 4s 2000
Third Ave Ry 1st g 03.. 1937
.\10tWSEl(ChlC)l8tg48.193^
ilil El Ky & L 30-yr g 5s.l92o
Minn St Ky 1st con g 5s.. 191!
^t Jo RyLtH&P 1st g 58.1937
St Paul City Cab con g 5s. 1937
union Kl (Chic) 1st g 5s. .194.
L'nlted RRs Sau Frsf 48.1927
Unit6<t Rys St L 1st g 48.193-1
»V
115
II6I4
UAH Sale
M-N
M-S
J-D
A-O
J-J
119 Hi
98 Hi
i03>»
103l»
103 lOSSic
,109H2lll»a
11434 119>9
J'ly'04
lllHi J'ly'04
lis j'lyoi
105 "8 10534
103 Apr'Ol
112 Miiy'03
102 Hi 102 V,
134
I
I1I02
OjlOO
108
ir.t-i,
iof'Vk
1
10034
98
J-J
J-J
J-J
J-J
J-J
J-J
-4
8434
85
'fe'i'ii'Vsii
8OI4 100 74Hl 80>s
7934
83=4 Apr '02
10434 Apr'lKl
102 J'ly'04
99 102
9414
94 H(
91
Vb\t
90 V Apr '04
90H> 91V
1053^ Aug'0-1
105 105»4
1093, Apr"o4
10934 103»4
1 02 "t Sep
04
10058 102^
84^6 Sale
79^8 Sale
il-S
M-N
-I-—
103 '4 J'ly'04
102 '4 ltt2%
106H.Oci'o,j
90«8 Dec 'Oo
11014
10214
.\1-N
,J'ly'04l
98 Hi
954
A-O
A-O
M-K
M-N
191o' M-N
Met
1
97 Hi Aug'04
95 J'ne'OO
02 103
98 Hk Sale
104
FA
F-A
J-J
J-J
J-J
MS
&
&
1915
1910
1918
P48
Chic R I & Pao RR 4s. .2002
Resristered
2002
1913
Coll trust gold 5s
Choc Ok & w gen g 5s .ol9l9
1952
Consol goUl 53
DesM & Ft D Ist 4s
1905
l8t2ias
1905
Exteusiou 4s
1905
Keok & Des M Ist 58. ...1923
110'4
1201a
IO6H1
Gr Rapids Ry 1st g58...ol91i
Xiouis Ry Co Ist con g58..193t
Market St CRy l8tg68..191; JJ
Met St Ry gen col tr g 58. 199'. b'-A
M-N
A-O
FA
H48
M4s
N4s
96
110»4 1 10*4 110^4 Sep '04
1201^ 120^4 11.0 "a Sep '04
J-J
J-J
FA
FA
MS
1907 F-A
Incomes
1911 M-N
Chic Rock Isl & Pac 03...1917 J-J
Registered
1917 J-J
1988 J-J
General gold 48
Registered
1988 J-J
Coll trust Series C 48 .. 1905, M-N
Mar'03
110iTjJ'ne'04
A-O
M-N
1
Convertible deb 5s
Il5iall9
1114.
jib?
4ll28
1«,,^7'-.,133
111', 113>«
lOti
MU
9718IOO1*,
101>4 103^8
A11SCKL.L.AMEOLIS
•No price
11758
Y C <fc
Consol gold 5s
llOHi
J-J
J-J
Ist Vs. .1907
MilWife Madison Ist 6s. .1905 .MS
1910 M-S
North Illinois 1st 5s
St Paul 1st 53 1909
Ott C F
Winona <fc St Pet 2d 7s.. 1907 M-N
L S West 1st g 6s 1921 M-N
Extifc Imp 8 fund g 5s 1929 F-A
Asliland Div Ist g 0s..l925 M-b
Mich Div 1st g 6s
1924 J-J
121ial21ia
121i«124
Bur Cedar R <fc A'o Ist 58.1900 J-U 102^4 103 Hi lo3>4Sep '04
Con Isl & col trustg5s..l934 A-O 119 "s...
119 J'iie'04
K
J-J
105
104
DesMOifeMinn
JS
Registered
M-b
.UN
M-N
A-O
1921 A-O
M-N
1933
1933 M-N
Registered
Sinking fund deb 5s
Registered
Y & Erie Hee t-rie
li & P gen g 5s.. .1937 M-S
A11& West 1st g 48 gu.. 1998 A-O
Cl«fc Mah Istgu g58
1943 J-J
Koch& Pitts Isl g 0S...1921 F-A
1
R&
100
97
26
U
MS
Regi8tere<l
IOOI4 10334
100
100 14 Feb '03
.
Cousol Ist g Os
1922 J-D
Bnttalo & Southwest Hee Erie
Bull <fe Susq 1st rel g 48.diy51 J-J
,
AO
92 14 95 '4
103 !« 103»4
103 .I'ly'04
98 J'ue'04
92 Aug'04
ll'JHi
.
CR
108 '4
'4
luOS.J'ly'Ol
105'i2Mar'U4
108 Sep '04
CenOluo Rl8tcg4'a8..1930 M-S 108
Pitts Clev & Tol Ist g 6a 1922 A-O I'^ioi-j.
Pitts Si West Ist g 4s. ..1917 J-J 100
J P M & Co certts
100
Boltalo
Buflaio
101;
95'4May'04
A-O
.
•
04
I',
LaCrosse& D Ist 58....1919
1910
Mineral PoiutDlvos
1910 J-J
So Minn Div Ist 6s
Bait & Ohio prior 1 g 3 '38.1925
Registered
J'ly
104'slo7't.
"12
Debeiiiures 48 SeriesD.190G F-A
Series
100\
105
.
Hee So Ky
At Coast Line
Adjustment g 48
J'ueOL'
92 H> 9'i«»
104 104
Am
1992
1940
Craig Valley Ist g 58
A Div Ist con g 48.. 1989
1989
2d cousol g4s
Warm Spr Val iHt g 58.. 1941
102 1«.
102i4Sep'04
10234
102
Greenbrier Ry Istgu g 4» '40
109 14 Oct '00
102 »8.
Chic& Alt RR ref g 3s. ..1949
102'-jMar'02
Mailway Ist lien SHjS... 1950
111 Mar'02
1950
Registered
liavjiigi^ 121 Mar'03
Chic B <fc y—Cli & la D 5s 1905
102i4J'ly'04
102 14 105
100 ae...
1922
Denver Div 48
109Sii<eU'99
1949
nirnois DivSHjS
1949
Registered.
102'«
101 J'ly'04
1949
lOl l«2Hi
Gold 48
130'aJ'ly'Ol
Iowa Div smk fund 68. .1919
120 Mar'Ot'
1919
Sinking fund 4s
96
96 Ang'04
3514 97
07
Nebraska Extension 48.1927
95 Aug'04
94.12.--.
95
1927
95
Registered
92 "^ Mar'04
1921
97
Soutliwestern Div48
911a 92 14
6",
20
6^4
7
Joint bonds Hee Great North
7^ 6^4
61a
1913
Debenture 58
Han <& St Jos cousol 6s. .1911
Chic<fc E III 1st 8 f cur 63.1907
1934
Isl cousol g Os
1937
General cousol Isl 58
1937
Registered
Chic* IndC Ry 1st 58.1930
96
96 Sep '04
91^8 96
Chicago & Erie See Erie
103',
103^4 Sale IO3I4
98 's ^033^ Chic lu & Louisv rel 0s...l947
103^4
103^4
1947
99 10334
Retuuding goldos
X7I4 96
95\ Sale 96-4
90
Louisv N A cfe Ch 1st 08.1910
82 42 82
82Sj Jaxi'04
Clue Mil & St Paul cou 7s 1905
93^4
93',
9334.
1914
Terminal gold 5s
871-i 93
99 Aug'04
ys 100
99's.
General g 4s series A..?19S9
97 19 97 H,
97>2
el9.S9
97»a
Registered
97 Sep '04
921^4
99 14
97
General g 3 "as series B.fl98y
1921
ChiCifc L Su Divg5s
IUI4
n4>2 0ct 'Oii
Chic & Mo Kiv Div 5s... 1920
98I4 Sale
98
9Sh2 105 91 lOO'^e
1910
C1UC& Pac D1V68
137
1921
Chic& P Wlstg5s
129
125'sNov'03
1910
GtSo g5s
Dak&
II314
li25gJan'04
112«8ll2»8
1924
Far & Sou assu g 6s
113^4 115
114
Aug'04
1910
109 114
& D Div Ist 7s
Hast
93 J'ly'04
96
93
1910
98
93
Ist 5s
9754
98 Aug'04
1908
98
98
D Exteu l8t78
I <fe
KniU'oad
laba
..
107
105
108
94>.jSale
101 Vj Sale
J-J
Class B6s
1900 J-J
Class C 48
1'JOU J-J
Currency funding 48
1920 J-J
Dist ot Cuiumbia 3-658
1924 F-A
liouisiaua new cousol 48.. 1914 J-J
SiwiU
Missouri tnndiug
1894.1995 J-J
Mortii Carolina uousol 48.191U J-J
1919 A-O
68
So Carolina 4 "^s 20-40
1933 J.J
Tenn new settlemeut 3s. .1913 J-J
J-J
Small
Virginia fund debt 2-3s...l991 J-J
66 deterred Brown Bros ctfs.
Alabama Cent
105 U
tfi« baifis 01
A 4 to 5... .1906
class
104"hl06^,
lour marks to o ne do liar.
93^8
95 135(i 92<a 95
101
101 H, 169 98 "i 1 1 'b
*97'uJ'ly'04
t97>alOOHi
t 99^8
*/ liese are pi tees o n ttie b
0/ $5 to X.
These are price s on
ctfe full paid Oct
Kepub o{ Cuba 6s ctfs tuU paid Sep
U tj oi Mexico 8 t g 68 ot Iti'J'.i y-J
t
Japanese Govt Cs
Alabama
\<
MUU
110i«Sale
M-S
AnB'(i4
105 hi 106>4 Aug'04
131^4 132
131»4
l'J25 %'^
8 4» coupon
FltUippiuo islands 48.1914-34
1J
105
Sept 16
A$k
Hid
ol Oa (ConliJiued)
S7>a
ChHtt Iiiv iiurnion k4h.195) J-D
Macdi! Nor Div l8t g 5h. 19401 J-J 104 H.
103'...
1947' J.J
Allil Ga& Atl Div 58
1081*
r.MO, J.J
Mobile UlT lHtg58
Cento! N J gen'l j;old 58.1987' J-J 134 Sale
133 Sale
/il987|
Registered
113 116
Dock <Sc Imp gu 58..19'jr
Le <fe Hud R gen ifUgSs lyjo J-J 101
Leli & Wilks
Coal 58.. 1912 M-N 10334
Cou exl guar 4^:8
f/191o y-M I0214 Sale
N y <fc IxJUg Hr gf-n g 4h 1941 M-8 101 Hi
Cent Pacific Hee So Pacific Co
Chas & Sav See Atl Coast Line
Ches <fc Ohio g Os ser A../tiyo8 A-O loe
ui'^
alOll
Gold 68
9 Hi Salt
1939 M-N
Ist conBol g 68
1939 M-N
Registered
105 Hi Sale
1992
General gold 4 "as
Lino
V, S. (•oTiTiiiiiriii
U 8 '2s coUHul ri'K"''''' "''-'' I''*"
(/I'Jiill
U S L'H COUHol COIlp«ll
U 28 consul rvn »iuii\l..dl'JM
V a 'Za cuUHolcoiiii8iiiiiU. (irj3U y J
^^l.
fcHtl
V 3h rcKi.siereil
yrxee
Friday
N. T.
Since
HaU
Weekly and Yearly
i'a«;ks
BO.N US
STOCK KXCHANGE
Wbkx Enuinu Sept 16
Range
Weelc-i
StiAav
kept 16
Y.
i».
Record, Friday,
vniu
oim;upyin<j
and Electric
J
JFFJ-
92 14
115
90
Hi
14
'118Hj
106
92 Hi
11014
AAJ
•
92t
115H;
96I4
963^
ye'v
J'neii4
121
94 J ne'04
100 Oct '99
no J'ne'02
MJ
92
lls3^ Ang'Ol
Sal"
8434 Sale
82 Hi Sale
il-
ll.^Hi
no Jlyu4
109 Hi Dei' '99
8418
843,
8 1 "8
^- H"
99 Dec'97
4511
...I
9234
89
llaielltt
114 11734
933b 9634
116
94
121
95
no no
75 Hi 84 -U
79 14 82 Hi
Ijiglit
G L Co Istg 5s. ..194'. 1- 1
U Gas 1st con g 53.194; A- N 116
^rouojue /tDueJ'lr /c Dae Aug oDae Oct
Vtl.tnla
klyn
1534
1)534
p Due Not
M2ijll6!^
fOptiotnsale
J
17, 1904.
Sept.
Bond Record—Continued— Page
|
BO\U>
N. Y.
Weeic's
Last Sale
Range
STOCK EXCHANGE
Week Endino Sept 16
Low High Krie & Pitts See Penn Co
T H 1st cons 68.1921
Kvans
or
Since
January
Bid
Ask Low
Miyh
Chic cfe St L Hee Atch T <fe Sa Fc
Ohtc St L & N O See 111 Cent
Chic St L <fc Pitts Hee Penn Co
I34I4I35 134
134'-.;
Chic St P M & O COD 6a... 1980 J-T>
9414
93 Dec '03
Cons 6s reduced to 3 "-jS-lStSd J-D 133'«
Feb'04
131
Ch St P<fe Minn lstK6sl918 M-N 13034
1293, Mar'(i4
Nor Wisconsin Ist 6s. ..193(1 J-J 123'^8
6a. ..1919
Chicago Ter Trans s4s...lU47
Chicfe West Inil sen (r6a<?1932
Mich See Pere Marq
Chic &
Choc O & Gulf See R X & P
Gin H & D consol s f Vs... 1905
1937
2d gold 4^23
Cin D <fe 1 Ist gu g 5s. ..1941
CI St L <fc C 6'ee C C C & St L
Cln S & C See C C C St ii
J-J
City 1st
<;
W
Clearlleld
Mah
<fe
See
B R
<fe
Q-M
75'<2bale
A-O IOIS4
J-J
M-N
W&
WW
J -D
J-J
J-J
M-N
M-N
M-S
J-J
M-N
...,fcl936
fcl936
Registered
Cln8<fe CI con Ist g 5s.. 1928
1914
C C C <fe I consol 78
1914
Consol sink fund 7s
General consolgoldGs. 1934
1934
Registered
Ist pret 48.1940
Ind Bl <fc
Q-F
J-J
J-D
J-D
J-J
130m31
129=4 1293,
120 1231-2
178
76
100
114
10134 Sale
...
103
"a
93
94
106^4
103'
lOlia 102
100 J'Iy'04
98i«T'ly'04
103 Sep '04
99 Jau'04
102 Dec '02
94I2 AaB'03
105 Jan '04
103
103
110iall5i4
128" 128"'
95
58
& Waco
See
MK&T
<fe Western 7s... 1907 M-S
Morris& Essex Ist 78. ..1914 M-N
Istconsol guar78
1915 J-D
Del Lack
108 14.
130 J'ly'04
130iaAug'04
140 Oct '98
131^.
1915 J-D
2000 J-D
Registered
Ist ret gu g 3^28
N Y Lack & W Ist 63. ..1921 J-J
Construction 5s
1923 F-A
Term & improve43
1923 M-N
Syr Bing
N Y 1st 78. .1906 A-O
<fe
Warren Ist refgug3'-2S. 2000 F-A
Del <fc Hud Ist Pa Div 78.1917 M-S
Registered
1917
AlbA Sus 1st con gu 78.1900
Registered
1906
Guar gold 6s
1906
Registered
1906
Reus <fe Saratoga 1st 78.1921
Registered
1921
Del Riv RR Bridge See Pa RR
Denv& R Grist con g 4s. 1936
Consol gold 4*28
1936
Improvement gold 5s.. .1928
RioGr West 1st g 48. ...1939
Consol and col trust 4s 1949
Utah Cent Lstgu g48 al917
Rio Gr So gu See Kio Gr So
Den <fe S West gen s fg5s 1929
Des Moi <fe Ft D See C R & 1 P
Des M &
See Ch & N W
DesMoi Un Ry 1st g 5a. .1917
Tol See L S & M So
Det M
.\1-S
AO
A-O
A-O
A-O
M-N
M-N
J-J
J-J
J-1)
J-j
A-O
A-O
12834
lll'b.
102
108
.
.
i-j
,
105
!«.
i42"
!
11 IV, 1151-2
100 14 1031a
IO8I4IO978
13334 137I4
J'ne'04
J'ue'99
ibs'isiiis"
May'04
104
Apr '04
J'ly '04
103
142
101 1.J
lOO'-ilOlia 9334
106^8
10414 J'iy'04
1071a 109
1071a 107
993s 9934 99»4
993e
37
90
Jan '02
24
J-D
May'04
Gold 48
Det Sou Istg 48
Ohio Sou Div l8t g
g
.M-N
100>4
J-D
1995 J-D
1951 J-D
99
93 "a
38
75
113 Hj
4s. 1995
991a
99>2
4s. ..1941 M-S
Range l8t5B.. 1937 A-O
Registered
1937 A-O
Dolife Iron
2d 68
1916
Dnl So Shore* At! g 5s. .1937
b^astof Minn seeStPM&M
JCiaat Ten Va & Ga See So Ry
Elgin Jol & East 1st g 5s. 1941
Kim Con <fc No See Leh & N V
Erie l8textgold48
1947
2dextgol<f68
1919
Sd ext gold 4 48
1923
J-J
J-J
M-N
100
95
100
95
30
100
41
38
Aui;'04
78 >i
7934 Aug'Ol
112
n3>4ll4lj 113
116'4
11614
M-N
.M-S
114
112^8
4th ext gold 58
6ttaextgold48
1st consol gold 78
1920i.M-S
1 Bt consol g fund 78
1920 M-S
Erie l8t con g 48 prior.. 1996 J-J
Registered
1996 j-J
ist consol gen lieu g 48.. 1996 J-J
Registered
1 996 J-J
Penn coll tr g 4k
1951 F-A
Burt N Y<fe E'^riel8t78..1916 J-D
'Bal)& 8
gold 68
1908 J-J
Chlcfe Erie 1st gold 5s.. 1982 M-N
Jeft RR Isl gu g 68....al909 A-0
Long Dock consol g 6s.. 1935 A-O
Coal* Rli Ist cur gu 6s. 1922 M-N
Dock <b imp 1st cur6.s..l913 J-j
•N Y <fc Green L gu g 5s. 1946 M-N
YSns 4
Ist ref 68.1937 J-J
2dgold4>g8
1937
1940 F-A
,: General gold 68
' Terminal Ist gold 68... 1943 M-N
Betris »6,000 each... 194 3 M-N
W
W
FA
MtdRRofNJ
l8tg68.1910 A-0
Wiikife EalBtgug58.1942 J-D
133
131
99
Salt
Sale
87^8 Sale
92^1 93
125 >4
104 1*
111
'04
II6I4
30 113
J'ne'04
114
106
iiaosiie
111
132
118
114
1
98 "a 9^^
89
84
>i9
8534 8534
8834 9.") '4
125'-4l25i4
Fel>'04
120^
116
1201a
Aug'02
Apr'04
130
132
J'ly'04
11310 11834
110ialll»8
109iaAug'04
lOOialU
J'ly '04
lnl.SCUI..I.A^EOIJ•S
S(|0
q G
Uaacfe
cfc
cfc
cfc
M-S
111
1124 112
KlecBergCoc g68.1949 J-D
Ocn Klectric deb g ;i'.jH..1942 F.A
Or RapG LCo Ist g 6s. ..191.". FA
Hudscn Co (las Ihi k ."js.. 1si)9 M N 106
Kings Co El Left P g 5a... 1937 A O
Parchaae money 6h
1997 A-O l'22i4
Efl El U Bkn Isloon g4s 1939 J-J
92 4
|*cGa»Lof8tLl8tg58.el919 y-F 109
91
"Ho price Friday;
latest
'01
'04
10734
10514
Die '00
Aug'04
.
1'22'4
A«g04
.
109
94''8J'nf'04
.
^
Not'OS
61 4 Oct
Ho 4 J'ly
Wd and a«ked this
week.
li9
aDaeJan
104 «
101
9514
96<^
9314
80
854
93
95
95
106-\ 107>«
124 41244
Nov'98
Nov'03
1 19
U93j Wui'04
93 May'04
90
123
II9I4
93 ij
104
101
>a
"'a
1061a 104
106 101
1071a
107'a
,
9834
I21I4
9^34 Sale
Is
Sep '04
Mai'02
106 Mar'04
107 la Dec '02
Osia
98 la
120 J'ly'04
9334
'
,
114
98 !«
108
106
98 101
11^0^121
10014
97
Not'03
114
86
119»«
1041*1044
99 S
70
114 Salt
871a
118
87
'a
Sep
'04
109iell4S4
85
89
M
fr
72-'8
721a
!
1960
cfe
63
W 1st g 5s.. 1937
1941
Hud R See Cent of N
Wakesb See Centof N
cfc
iim
llOia
108
.
,
1151a.
08
la
115411934
11041144
Feb'04
107i4Miiy'04
109
109
105 Jan'04
116 Aug'04
109 "a Oct '99
107 Jan'04
.
IIOI4
7314
11934
11934
112
10334
1
68
11 41a J'ly '04
11934 120
10334
73
Oct '00
.
.
95
.
109
1114112
1074
107
10
10434
1
105
116
106
116
107
107
99
Aug'04
.
i)9
92
1061a.
cfc
lOOi's J'ne'04
100=8 100'^
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981a
II6I4 J'ne'04
116
J
J
cfc Cauey Val
See Mo P
Long Dock See Erie
Long Isl'd— Ist con g5s./i.l931
1st consol gold 48
/1I93I
General gold 4s
Ferry gold 4 48
Gohl 48
98
09
1938
1922
1932
Unified goUl 48
1949
Debenture gold Ss
1934
Guar ref gold 48
1949
Bklyn cfc Mont l8tg68..1911
lst5s
1911
100
113
Liouisv
cfc
con ggu58ol932
Ark 1st g 58.1927
Nashv geu g 6s. 1930
100 1«
110 J'ne'04
1004
105
112
112
108 14
1020b Sale
119
1st
Gold 68
1937
Unified gold 4s
1940
Registered
1940
Coll trust gold 58
1931
6-20-yr col tr deed g 49.1923
E H cfc Nash Ist g 6s
1919
on Nexl
114
10634
10234
U)97g
10738
cfc
box ».•*—continued
99
Feb'04
Oct '00
Sep '04
10034
cfc
Louisiana
99
101
100
981a
N Y BcfeMBl8tcong6sl93i)
N Y R B Ist g 6s
1927
lieia
100
'4
14
1004
100*4
101
1014
96'8l01'a
110
110
1004103
Mar'03
Mar'02
"a Jan
'02
112iaApr'02
102 14
10234
118 J'ly '04
1
534 Aiig'04
1
Sale
II6I4
98
1004
101
'8
loO'f
J'ne'04
1141-J116
981a 99
113 J'iie'(i4
98»8
983,
114
114
114
10014
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11 5
1
14
1
1144116»4
98 102
lOl^eloiTg
109 113
9614
994
1114114
i'ii«e.
nnd Klectric Lifflit
Milwaukee Gas L Ist 4s. .1927 M-N
91
93 4 90i4J'ly'04
Mnt Fuel Uas Co See Peop Gas
N V G E L H cfe P g 5S...I948 J-D 110 Sale 109 4 110
9434
Purchase money g 4s. ..1949 F A
94 '3 Sale
91 '«
{inn
K<l El 111 Ist conv g 5s.
Ist consol gold 58
.1910
1995
NYctyKl Lcfc PI St con goal 930
N Y cfe Rich Gas 1st g 5s. 1921
PeofiascfcC 1st gu g 6s.. 1904
2d guar gold Os
1904
Isl con gold 68
1943
IMP
Hefunding gold os
88
1947
ChG-LcfcCkolHtgugoH 1937
Cou G Coof Ch 1st gu g5».'3l>
103', 105 4
Eq G cfe F Ch 1 st gu g 6h. 1905
H74 12'2'.< Mu FuelGaM Islgn g5R.1947
9;<3» 9l<>« Syracuse Lighting Ist g r>H.'51
Trenton Q eft El 1st g 5s. .1949
105 109
EdEUUBku SeeKCoELcfeP
Ed tt 111 Se« N Y G E L H P
Ist con g5»..1932
Fuel See P G cfc C Co
1024106
102
101
1241a Apr'04
92
10414
GreatNorl8tg6s..l91i
NorSliB
108 "a 1081a
1 09 la 1 1
98 1013g
101 Vj 104
113iall3ia
nnd Electric Kiglit
ButlaloGas Istg&s
1947 A-O
70
2 64
70 Sale
70
70
Ch U L cfc C Co S«« P O cfc C Co
CousoKiasconvdob 6«
1909 J.J 183 4 Sale I8I34 187 612 171^187
Con Gas Co See P G <fe C Co
Detroit City Gaa g 6s
9534 98
1923 J-J
07 Sop '04
974 98
Del Ga« Co con Ist g 6s. ..1918 FA
105 J'ue'03
Y
116
115
10114102
Leroy
961a 100 '4
(lins
LN
'-J
la
11034 May'04
116'a
95I4
10541074
94 '4 Aug'04
101 Is Oct '99
100 Nov'OO
107»4J'ly'04
95
Registered
1941
V Coal Co Ist gu g 5a. 1933
cfe N Y Ist gtmrg4s.. 1945
Registered
1945
ElCcfeN Ist g Ist pf 68.1914
Gold guar 58
1914
Leh
Leh
A«g'04
103'a Aug'04
1131a Jan '04
111^8.
loeog.
10534
102
123 May'99
85 la Mar'04
7934
W
II6I4
131»6l35>8
98
96^1
108
1921
Middle Divreg58
1951
St Louis Div gold 3s
Registered
1951
Gold3ia8
1951
Registered
1951
Spring Div 1st g 3ias...l951
Western Lines 1st g 4s. .1951
1923
Bellev <fe Car 1st 6s
Carb&Sliaw Ist g 48. ..1932
Chic St L & N O g 6s. ..1951
Registered
1951
Gold3ia8
1951
Registered
1951
Mempli Div Ist g4s...l951
St L Sou 1st gu g 4s
1931
Ind Bl & West See C C C & St L
IndDeCifc
1935
Ist g 6s
Istguargold 5s
1935
Ind lU & la 1st g 48
1950
Leh
Leh
I
113kN<.v'03
108 la Jan '04
103
105
105
102 Oct '01
104 Sep '04
101 Apr'04
1061a Mar'03
104S8
9514 96V,
113
»
111
1031a 103
9134
93
I25I4 J'ne'04
1201a
102
94
Registered
1953
1950
Cairo Bridge gold 4s
IiOuisviUe Div gold 3 las. 1953
Registered
1953
NY
10934 1121-2
130 Aug'03
99»4
99
98i.iJan'04
120><i8ale
115 Apr'04
113iaMar'00
Aug'04
Mar'03
991^4 Oct '0.S
101
106
103
2d gold 58
IO,-,i4lll
104
136Vi
118
113
11034
I00l4l00'4
1041a
100
North Ohio 1st gu g 5(1.. 1945
LSho cfe Mich S See
Cent
Lekigh Val (Pa) coU g 5s. 1997
Leli Val N Ylstgug4i-28.1940
liegistered
1 940
Leh VTer Ry Isl gu g5s.l941
1123«113-'4
87''«
12 103iall0<^
00 14 Apr'04
1
Sale
Lake Erie
loo's 109 14
111
Miu'(M
103 "a 1031a
1321a 133
85-'4
1083<
108
105 la J'ly '04
Kentucky Cent See L cfe N
991a 991a Keok cfe Des Mo See C R I cfc P
KnoxvUle cfc Ohio See So Ry
100
92 la 95
4,-)
37
60 la 84
Aug' 04
Sep
108i4Sale
106
lut<fe
1133.4 J'ly '04
M-S 108 '4 110
1920 A-O 114-8
192S| J-D 10218
W
106
103
142
98
95
'8
98
90
104
101
liegistered
<fe
1st lien
Ist gold 38 sterling
M
iliuu
Det& Mack
98^
901a
M
1-.
90
97
95 la
1041a Sale
110
2d gold 68
1909
3d gold 4s
1921
Iowa Central Ist gold 5s.. 1938
9634 101 la
Refunding g4s
1951
IO4I4 104 14 Jellerson RR see Erie
S
103 1071a Kal A & G R See L S <&
94 101
an & Mich See Tol <fe O C
K C Ft S cfe .M See St L cfc S F
83
91
K C cfc R cfe B See St L cfc S F
Kan C cfc PacUio See
K cfe T
Kan City Sou 1st gold 38.. 1950
24
36
147iaJ'ue'02
H'd^i
12934
Aug'Ol
149
106
122
104
103
142
.
107
127
13334 Mar'04
13314.
130^4
951a
1951
1951
1951
1951
1951
1962
1952
gold 4s
Registered
641^
89
Sale
LN O&Tex gold 48.. ..1953
112»8ll2Bf
1271a 130
128''8l33
l'j9'aAug'04
114iaJ'ly'04
1031a J'ly '04
IO8I4 J'ly'04
102 Feb '03
.
97
W
Registered
116
56
82
107
101341041?
1921
1921
Tex See So Pac
Houst E <fe
Houst & Tex Cen See So Pac Co
CoU Trust
112»8 Jan'04
I29I4.
tr 4s
Extended Ist g3ia8
68
W
J-'allas
Q coll
Greenbrier Ry See Ches & O
Gulf cfc Sllstref&tgSs bl952 J-J
& St Jo See C B & Q
ousatonic See N Y N H & H
Hock Val l8tconsolg4ia8. 1999
1999
Registered
C0I& H V Istext g4s..l948
100
112iaH2ia
116
107
120
10234 108
71
85»a
W
cfc
Registered
Conn & Term See N &
Conn <fe Pas Rive 1st g 48.1943 A-O
1 \ak & Gt So See CM & St P
Col
Nor— C B
Ist gold 3ia8
<fc
AG
1071a
J'ne'02
10138 Aug'04
Illinois Central 1st g 4s.. 1951
J-J
104iaNov'01
100
100
991^100 100
100
Peo<fe
68 Sale
68
65
1990 .4pr
Income48
113
112 la Feb'04
CI Lor & \V\\ con Ist g 58.1933
Clev <fe Marietta See Penn RH
116 Feb'04
Clev & Mr.hon Val g 58... 1938 J-J 11434
Clev <fe Pitts See Penn Co
64 Si Sale
6412
64
1947 J-J
Col Midland 1st g 4s
83^4 Sale
833,
8334
Colorado & Sou Ist g4s... 1929 F-A
Coluiu & Greenv Sc< So Ry
Col <fe Hock Val See Hock Val
Hiah
116
101
Han
105 105
20 100 la 103
Mar'04
128
Loti)
al
Registered. A.
99
120
128»2.
<
Gt
99
J'ne'04
Aug 04
105 Mar'98
107 I4 108 1071a 108
8412 851a 841a
85
W& Den C 1st gg68. ...1921
W& RioGrA1st 4s... 1928
See So Pac Co
Har & S
993410114
98
98 1»
958fll02
J'ne'04
107
.
1041a.
9934 103
15
115i4J'ne'04
J'ly'03
111»4
106
Since
Hiah No
120
107
112
,
1061a.
*
&
* Pere M Sre Pcre Mar
Fla C & Penin See Sea Air Line
Fort St U D Co 1st g 4 Has. 1941
Range
January X
Ask Low
Bid
120
^"TalH& Hofl882 1st 58.1913 A-0
Georgia & Ala See Sea A Line
Ga Car & Nor See Sea A Line
Georgia Pacific See So Ry
Gila V G & Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Kap<fe Ind See Penn RR
Gray's Pt Term See St L S
IIII4II314
113>4J'ly'04
,
Sept 16
lint
I
/
Weeic's
Range or
Last Sale
Price
I'ridav
8„«
1942
Ist general gold 58
Mt Vernon 1st gold 6s. .1923
SuU Co Branch 1st g 5s. 1930
liv<fe Ind Ist con gu g 6s.. 1926
St P
So See Ch i"M
I .\argo
Ft
Ft
A-0
W
W Ist pf 58.. .((1938 QEast 1st con 4s. ..1940 A-0
Ind
823.
IIII4
Got '00
113
.
98
102
72i«,
110
1041a Dec '03
.
Q-F
Ist gold 4s
741a
P
Clev Cln C & St L gen g 4s 1993
1939
Cairo 1)1 V Ist gold 48
M Divlstg48.1991
Cin
St L t)iv iRt col trg4s.. 1990
1990
Registered
Bpr «fc Uol Div 1st g 48.. 1940
Div lstg48...]940
Val
C I St Life C consol 68.. 1920
130181341a
llli8Apr'04
110^4
N. Y.
1
<fe
123'-^J'ly'04
A-0
P&S
Oil
2
Range
J^ice
Sept 16
STOCK EXCHANGE
.Week Endino sept 16
St
8
1
.
M
S
103
J
J
1184
106'4 J'lv'04
874 904
1054110
90
984
1024110
1204
1004102
121
F A
101
20 4 J'lic'04
Mny04
101
100 Mar'04
M N
10»'4.-..
10134 ....
liil4 J'iie'04
10141014
Ahk'04
Sep 14
Apr'04
nil
103
1834 1V!5S4
MN
J
D
12534 130
A
M S
J J
J
D
J J
.M
J
M
1
10134
12534
103 4
103
.---
1074... 1(»7
10(1
1004 106
1023g
lO'JVi
Sep
'04
IO2V4
1014 1014 Aug'04
N
D
o
100
100
I
103
104
106 4 1094
104
107
101
IO214
IOI4IO6
Feb '01
Due Oct gDualieo *opUon sale
lOH
&
Due Feb ciDaeApr «Due.\ioy ADueJir icUnoAwg.
..
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J 'IV '04
lift**
)
.
.
1012
IIOMIK
Wfek'ii
STOCK KXPMANOK
WekK KNlJINti 8KPT16
fYidav
N. T.
LouiHV
ifc
S nHiiv— ( Continuf
Sept
-'(1
.fe
.I'lieMi-J
Nov'99
1004
I'lO'.
l;i
J'ly '04
Jan '04
J'ly '04
.
117 4
115
117
110
99
106 Vi.
1064
10714
1 OS's
10734
98
AG
97 '4 1004
105 4105 4
89
96
Dec -02
108
114 '4.
108 '2.
aniiattnn Hyconsol48.1990
1 990 A-O
RcL'iMtered
Metropol Kl iBt K 6s.. ..1908 J-J
i2tj'4
119" 122"
Apr'04
122
75
113
105 4 Sep '04
95
95
1U»«
Htgli
J:iiro3
116='s.Mar'02
106
100 4 Sale
106 109
\)6^ 96
117 4
115
117
115
115
112
.Mar
Aug'04
314 99
4 107 '4
101
10784
1104
10714
Mex Cent
B V Seen Y Cent
See
Man Ky
05 >^ Sale
L'
4'2S
10
16
10
92
92
FA
.Ser....l907
l.st
054
16^4 Sale
1911 J-J
income s 3s.al939 J'ly
2d conHol income sj 3s.. a 1939 J'ly
1917 A-O
Eqnip A coll jtold 5s
1919 A-O
2d series gold 5»
cou.sol (?oM 48..
1st consol
*'ee
N
Sep
149
16;
282
'04
714
60
12
163<
107,
6
'01
91
96
W
M
NW
NW
140
J-D
J-D
A-O
J-D
1124.
1184.
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M-S
M
MAPlst5s.stpd4sintgii 1936
M S S M A A 1st g 4 Int gu 1926
Minn Un See St P M AM
M
'
113
116
95
Dec '03
143
111
.
Sep '04
1204 Feb '04
121
.
118
95 14
.
97 Ja 99
Jan '02
AuK'04
9514
99
J-J
103
Nov'Ol
Ist g 4s... 1990 J-D
2d gold 4s
£/1990 F-A
1944 M-N
Ist ext gold 5s
StLDiv 1st ref g4s....200l A-O
Dal
1st gn g 5s. ..1940 M-N
lOOH Sale 100
13
J'ly '04
100«8
J-J
AWa
KanC&Pac 1st g 4s... 1990 FA
Mo K A E Isl gn g 5s.. .1942 A-O
MKATol;Tlstgug5s.l942 MS
Sher Sh A So 1st gu g 5s. 1943 J-D
1906
1920
Ist consol gohl 6s
Trust gold 6s stamped. al917
Registered
al917
1920
Ist coll gold 58
Cent Br By 1st gu g 48.1919
Leroy A C V A L 1st g 5s 1926
Pac R of Mo 1st ex g 43.1938
2d extended gold 5s. ..1938
St L, Ir M A Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified A ref gold 4s. 1929
Divlst g4s..l933
Riv
1933
Registered
Verdi V 1 A \V 1st g 5s. 1926
Mob A Birm prior lien g os 1945
1945
Mortgage gold 4s
MobJ
Clsl cons g5s. 1953
Mob A Ohio new gold 68. .1927
l8t extension gold 6s../il927
1938
General gold 48
Montgom Div 1st g 58.. 1947
4s..el930
St L, A Cairo coU g
1931
Guaranteed g4s
coll 4s See Southern
M-N
M-N
M-S
M-S
Missouri Pacific 3d 7s
FA
FA
J-J
PA
J-J
A-O
A-O
J-J
.
AG
M-N
M-N
AK
MAO
MS
80
103
80^4 80 4
80
103 4 102 'g Sep '04
85 14 85
85'4
i02" '93' 102 Jan '04
904
90 Sep '04
11034
Ul>4 Aug'04
103 4 104 10334
10334
102 4
105 14 Sep '04
lOS^
108 J'ly '04
122^4
1-22
Sep '04
106"
1064 106
108
95I4
12
1014
98
J-D
126^8 128
10
119
M-S
FA
944
12334 126
95
I2II4
.
A-O
115
.
J-J
J-J
Branch Ist 6s. ...1917 J-J
Nash Flor A Shet See
Nat of Mex prior lien 4 Hzs. 1926 J-J
1951 A-O
ist consol 4s
LAN
NewHAD SeeNYN H&H
78
NJJuncRR 6'ecNYCent
New A Cin Bdge See PeunCo
N O A N E prior lieu g 6s pl916 A-O 1074
N YBkln A Man Bch -SVe L I
K y CenlA H Riv g 3*28. 1997 J-J loomoo"1997 J-J
Registered
Debenture 5s
.1884-1904
Registered
1884-1904
B«gistdeb 5s of.. .1889-1904
Debenture g 48.. ..1890-1005
1890-1905
aenistered
1905
I>«bt oeru est g 4s
Regiaierod
1905
Lake Shore collg 3'28...1998
of..
1998
Regisieretl
Mich Cent
coll gSHjs...
.1998
1998
Registered
FA
FA
FA
JJ
Beech Creek I8lgug4s.l936
Registered
1936 J-J
2d gu gold 58
1936 J-J
Beech Cr Ext Ist g 3 Vjs 61951 A-O
Convertible deb g 58
1911
90
100=1
99
FA
98
100
99^8
10238
10034 lOO's
10041004
100
DeBarCA
Va
Iron Coal
I
Co gu g 68.1910
l.st g 58.1949
AC
Wh LEA PC Co
1
si
*No price Friday;
g 58. 1919
latest bid
101
9941014
9934
86
86
8!) '4
>,
Aug'04
90
Jan
4
934
914
85 4 914
'03
J'ly '04
104
Mur'04
102
106 4
102
J
A
<)
JJ
J-D
FA
MS
J
J
A
Dul
103
55
105
Nov'OO
Mar'04
1004
80
1004
1917 A-O
RR A Nav
Sliort
See
See
Line
69
784
7534
1024
J'ly '0
107
80
694 78 4
10241024
M»>-'97
1
02 >-. Oct 'OS
105
104
.
10534
.
a
Due
113
1154
11541194
'02
1044 Apr'04
1044
104
Sep '04
Mar'04
106
101
10234 106
101 101
lOlTglOlT,
1004104
1124
111
.Ian
9134
102
92
100
-.J
1014110
10041 05 4
604 73
6
Duo Feb
1254
110
96
87
"12
132»«
41024
9934
4
112
99»i
95
112
994103
1054 Sale 10434 1054 61 1014105^
1024
1044 Aug'04
101 1044
744 7434 744
74=t 13 704 75»g
724..6834 72^
7238J'ne'04
974--974Ang'04
97«B »7h
118
.
132
J'ly '99
.
1124 J'ly 'O.-t
1054Apr'04
.
964 Ji.ug'04
.
106
97
89
12241224
1224 Mar'04
.
11034
94
105 41084
964 964
1114.
119
Aug'04
Aiig04
85
111
94
119
112
110 J'ly'04
108 4 J'ly '02
110
110
109 4 Aug'04
105
110
1024J'ne'04
102 Apr'02
10241024
1094
108 1104
105»4l08 4
.
1094.
NYC
NW
1094
Sale
106
92
109
'4
10534 J'ue 04
Nov'9
102
957g 994
118 1184
,
D348
1950 F-A
Erie A Pittsgug3 4s B.1940 J-J
Series C
1940 J-J
NACBrtgegengug448l945 J-J
Series
Series
Series
Series
Series
B guar
C guar
AO
1942 A-O
1942 M-N
1945 M-N
g....l949 F-A
C lst73-..1912 J-J
1912 J-J
D 4sguar
E 34 guar
PittsFlW
2d7s
3d 7s
Penn RR ist
A
/il912
A-O
real est g 4s. 1923 M-N
1905 J-J
Consol sterling g 6s
Con currency 6s reg...(;1906 Q-M
Telep
A
on Ncxl
nn<l
944
95
Jan '04
Nov'OO
96
102
,
95
103
113
113
96
9534 Apr'04
,
114
114
1
10
-2
9334
96
98^4
1104
Aug'04
Mar'04
Aug' 01
1093j 111
J'ly 'CM
1014102
los
104
110
110
102
934
1204
9134 Aug'04
127=8 Oct '02
90
9'i
119=s
121 Mar'04
119 Apr'04
107 4 Mar'04
1121
1119
121
119
UO34
1184
10434 110
110
la
110
110441074
I'aitr
Telephone
Tel coll tr 4s 1929 J-J
Co 1st g 4s. .2397 Q-J
2397
s t 5s. .1926 f.i
1918 M-N
MelT A T 1st 8 f g58
N Y A N J Tel gen g 5s.. 1920 M-N
No Westn Teleg See West Un
West Union col tr cur 5s. 1938 J-J
Fd and real est g 4 4s... 1950 M-N
94 J'ne'04 ...
100 4 -Apr'02'...
1004 Oct '00 ...
109 Oct '99...
Registered
Erie T A T col tr g
Norlhw
92 4
92 4
106 Apr'Ol
no 1104 110
110
100
102 Dec '03
1024
102 Aug'04
70
71
69 4 Sep 04
32 Jan '00
week,
Jan
Guar348Coll tr ser B...1941
924
924 Dec 'Oo
99 14
Tr Co certif's gu g 348.1916 M-N
994 Sale 99 4
C St L A P Ist con g 5s. 1932 A-O 1184
118 4Pne04
Registered
1932 A-O
CI A Pgengug44sserA.'42 J-J 1124
10S4 Aug'o:-!
Series B
1942 A-O 113
9534
Series C 34s
194S M-N
Mut Un
Oct '00
934
this
964 974
Un Pao
Un Pac
Sink fund subsidy gOs.. 1910 M-N
1st g 448-1921 J-J
Registered
1921 J-J
Guar 3 48 coll trust reg.1937 M-S
Conira Cable
105
9541004
1064 Feb '02
and asked
F-A
1st consol gold 4s
1968 J-D
Ist g4s
1948 Q-M
Nor Pac Ter Co 1st g 6s. .1933 J -J
Am
105
80
79
Sale
1
92
105
1st 5S....1931
Wash Cent
BONUS-Continued
M-N
.1-
Q-F
Q-F
J-D
J-D
Registered cerTific's..l923 Q-F
StPaul
PCCAStLgu44sA...1940
May'04
9;i4Nov'02
1004
58.1928 J-J
I
11334
CB&Qcolltr4s See Gt Nor
StP AN P gen g 6s.. ..1923 F-A 1234.
Telegrnph
1
RochA PitCA purm 5s.l94(;
Tenn Coal gen 58
1951
Tenn Dlv 1st g 6s
al917
Birm Div Islconsol 6s.. 1917
Cah C M Co Ist gu g 68.1922
103 4
78
95
1926 J-D
f
Q-J
Q-J
Peun Co— Guar
10734
Kan A H C A C Ist 8 f g 5s. 19.j J-J
Pleas ValCoal 1st gs
113
Dec '02
9934
105 '4
964 May'04
Oswego A Rome See
1244 O C F A St P See C A
9634 10134
lOO's Apr'04
100 4Mar'OJ
101 Aug'04
91
105
102
121
IU54106V
io6"Sep"''03
.
1154 Sep '04
1174 iigj!. ll9 4Aug04
100
45 73
8934
I
1144...
113
90 4
lOMMia^t
121=gl22
il'.'l
.
J'ly '04
Dec '99
91
-ll
Nov'OS
Jan '03
96 4.
60
10034
102 14 Aug'04
77^4
774
9m
I
•
"3i|
1064 J'ne04
1064 Nov'Ol
1946 J-D 110
11041154 Pac Coast Co 1st g 5s
ac of Missouri See Mo Pac
11341134 Panama 1st 8 fund g448-. 1917 A-O 106
1013j J'ne'04
8934 Sale
8734
Trust Co ctfs
7534
Gr Riv Coal A C lstg68..1919 A-O 103
Jeft A Clear C A I Ist g 58. 1926 J-D
2d gold 5s
lien g 4s.. 1997
Registered
1997
General lien gold 3s
a2047
Registered
a2047
St Paul-Dul Dlv g 4s. ...1996
Registered
1996
2d OS
4
130
94 4
121
niI8Cei.l.ANEOU!S
Coal and Iron
Ool
A I Dev Co gu g 5s. 1909 J-J
Col Fuel Co gen gold 6s. ..1919 M-N
Col F A I Co gen s 1 g 5s.. 1943 FA
121
106
120
99
OH 1()0»4
98
98
»84101'i
109=8 Apr '04
121"b J'IV04
121 J'ly '04
1194
II5I4
1004
993,
105 41084
113i%
109
1214
99
"
994
M-S
M-S
M-S
J-D 10038,
J-D
M-N
M-N 100 '4
F-A
1094
1»>
Feb '02
121
139
1274
1254
113
1044
Apr'04
99=8
114
ll**
1134J'ne'04
1134.
100»4
'
,
-•J
1-.:14
1214
.
JOO'^
98
9934 Sale
115
113
II7I4.
11334
102
77
MS
MN
hio River RR Isl g 5s. 1936 J -D
General gold 5s
1937 A-O
Ore A Cal See So Pac Co
J-J
W
McK A Y Ist gu 68.1932
Nor Pao— Prior
Ore
Ore
LAW
FA
J-J
2d guar 6s
1934 J-J
MckeesA BVlBtg6sl91H J-J
Mich Cent Ist consol 68.1909 .MS
1931 M-K
58
Registered
1931
1940
4s
1940 J-J
Registered
J
1951
S Ist g 348
l8tg348
1952
Bat C A Sturl8tgng38.1989 J-D
N Y A Harlem g 348. ..2000 M-N
2000 M-N
Registered
N Y A North 1st g 58... 1927 A-O
R WAOcon Istext58./il922 A-O
Oswe A R 2d gii g n8...el915 F-A
R A O T R Ist gu g 58.1918 M-N
Utica A BlkRivgng4s.l922 J-J
N Y Chic A St L Ist g 48.1937 A-O
Registered
1937 A-O
N Y A Green w Lake See Erie
91
Mohawk A Mai &e«NYCAH
iioiiongahela Riv £ee B A O
pont Cent *ee St P M A M
Morgan's La A T See S P Co
Morris A Essex See Del
]y ash Chat A St List 7s. 1913
i^ Isl cou.sol gold us
1928
Jasper Branch Istg6s..l923
McM M A Al 1st 6s. .1917
108 4
1034
MS
Nor Ry Cal See So Pac
llHig 139 11341164 Nor Wis See C St P M A O
112
924 J'ly '04
884 92 4 Nor A .M ont See N Y Cent
984Nov'03
OliidAW SeeCCCAStL
914
J-J
91
94 4 J'ly '04
114
Q-F
K'X'i
100410034 1003»
14
11141114
Apr'04
121
1084
107
Hale
108
J-D
J-D
Ka A AO Rlst guc58.1938 J-J
Mahon C'l RR l8t 5R..1934 J-J
LA
1<M>
1()K'4
....
14
125 4 Aug'04
Q-J
J-J
J-J
HtgH
.
1114Mar'04
91 Feb '04
J-J
J-J
J-J
Kliore Ist 4h gu... 23011
RcgiHt<red
2361
Lake Shore gold 3 4b--.. 1997
Registered
1997
Debenture g 48
1928
Det Mon A Tol Ist 78.1906
Apr'02
I
Imv)
107 4 J'iy'OO
105 Oct '02
106 4NoVol
N y A Har See N Y C A Had
N Y Lack A W See D L A W
N Y L E A W See Erie
HI 111
NYALongBr See Cent of N J
12041204 N Y A N E See N Y N H A H
New York New Hav A Hart—
113 118
13134 Apr '03
Housatonic R con g 58. .1937 M-N 1234.
95 14 98
N H A Derby con g 5s. .1918 M-N lOlSg.
101^8 Apr'04
1905 J-J
N Y A N E 1st 7s
99
99
101 Sep '03
1st 6s
1905 J-J lOO^g
N Y A North See N Y C A H
N YO A Wref I8tg4s-.ffl992 M-S 102781034 10234 103
100 Dec '03
Regis $5,000 only
^1992 M-S
96410034 N Y A Put See N Y C A H
754 81
NYARB See Long Island
98410438 N Y S A W See Erie
85
80
N Y Tex A M See So Pac Co
102 102
Not A South Ist g5s
1124Apr'04
1941 M-N 110
130 Aug'03
90
80
Norf A West gen g 68
1931 M-N 129
106 4 11 m
Improvem't A extg6s..l934 F-A 1264
127 Nov'03
13234 Aup'04
99 106=8
New River 1st g 6s
1932 A-O
100 IO0I4
N A W Ry 1st con g 4s. 1996 A-O 1024 Sale 101 Tg 1024
106^109 4
102
9934 J'ne'04
Registered
1996 A-O
11838 12238
PocahC A C jolnt48..1941 J-D
94h 94
94'f.
104 109
CCATl8tgug58
1922 J-J 1084.... 112 Aug'04
SctoVANElstgug48l989 M-N 1024103 102
103
10334 los^g Nortli Illinois See Chi A N W
91^8 96
North Ohio See L Erie A W
102 .... 1024 Aug'04
101 lOS'f
1143(ill54 115 Aug'04
109 4115
11734 Sale II7I4 118
17 11138118
10934 Oct '03
93 Sale
91=8
934 119 84
934
14 91
954 96
954
96
96
100
112
95
West
1034. -....
100
January
High So
96
104
sine*
c i
^'<
.
106 4 Aug'04
95I4
96
100 May'Ol
96
Atk Low
Bid,
I
N YA Piil»tcongiig4» 1993!A0
Nor A Mont 1st gu e 5».1916i A-f)l
Wrek'n
Uanye or
Latt Sale
Price
fYidaii
Hept 16
lixix..
.
J-J
Mo Kan A Tex
Cart A Ad iMt gn g 48...19S1 J.D
Clearf Kit Coal Int » 4H.1940i J -J
Oouv AOhwcImI gu l'5h 1912 J-D
Moh A -Vial iHt gu g 4b. .1991 M-S
N J Juno K gu iRt 4h...1!I*<6iF.A
W
May '00
106
V Cent
See Erie
See Chic A
I. S A
A Mad See Chic A
A North See Ch A St P
Minn A St L Ist gold 78.. 1927
1909
Iowa Ex 1st gold 7s
Pacific Ex Ist gold 6s... 1921
South West Ex 1st g 7s. 1910
1934
Ist consol gold 5s
1st and refund gold 4s. .1949
Minn A St L gu See B C R & N
StP A S S con g 4 int gn '3S
MU
MU
MU
107,
90=8 J'ly
Mex Internal Ist con « 4s. 1977 M-S
1977 .M-S
Stamped Kiiarauteed
Mex North 1st pold 6s
1910 J-D
Midi Cent
Mid ot N J
664
16 4
)\
Pltt«
Coloniz g 6s.. ..1934 J-D
Metropolitan El
TAP
j
\ii\
126 4 Aiig'o4
122^4 Auk'03
74 »2
HdKeCoKHK4s..l94 M-S
LN A&Ch NreC I A h
Mahon Coal See L S A M 8
Coll tr
1()8'4
.
ltOM><«
~c
STOCK E.\(;HA.N0K ^ J
-^^
Werk K.NOiNfi Sept 10
N Y Cent A H \{^-< VonlinufU
N. Y.
J
Low
lliglx
.
1]3>*.
I18>a.
Jelf
A
Low
lV6->4
AO
W
Alt>.
107 •«.
MS
McK'pt
Since
January
122
I
PeoHacola Oiv Kiililti8...1'.)'J(i M-S
Ifl'^l
St L Utv iHl Kol.l U»
lOHO M-S
2<lBol<1 lilt
Heiulur B(l)fi> iHt sf k6s. r.131 M-S
Kentucky Coiit ko1i14s..19H7 J-J
LA N' & Xl & M 1 Rt (? 4 Sjh 1 945 M-S
I, <fe N-t^onth M ]olnt48.1<.tr.2 J-J
litfi'i J-J
Refflstered
N Kla<S> H 1st jm k5b...1!):i7 K-A
Pens& Atl iHt ftii g 6a. .1921 F-A
S <& N Ala con k" K U8..193r> K-A
1910
Sink fund ifoldtis
Man 8
/<aui/e
ICajifff or
Last Sale
Iti
Bid
(I
LClnA I><-x (r<)I<l4^j8...1i»31 M-N
N ()<fe M Ut iioUi C,H...A\fMI J.J
lli;U) J..
iri<U\ i;s
N () M
LA
[Vol
Bond Record—CoDtinued— Page 3
Tel s funii 6s. ..1911 M-N
Tel gu f 4 48 g.. 1934 J-J
XnuulnctiirhiK tS^ Iniliuiirial
1915 Q-F
Am Cot Oil ext 44s
Am Hide A L Isi s 1 g 63..1919 M-S
.\ra Spirits Mtg 1st g6s.. 1915
Am Thread 1st col tr 4s. ..1919 J-J
Bar A scar Co 1st g 6s. ..1942 J-J
/iDueJ'17
« Dae -May (/Uuoj'ne
MS
11034
105
10934 J'ne'04
...
1054
,
.
99
85
S^
82
J'ly '03
1104
106
107
103
J'ne'04
100
100
88
84
88
Sep
Sep
Sep
10234 104
4 Sale
824
105
p Duo Nov
94
109»4 10934
•
1104 Sale 110
105 4 Sale 1054
108
90
£
105
100
J'ly '04
'041..
95
'04
70
..
'04!..
82 78
Jan'ool..
Option
1104
60 1014 106
107 107
sale.
82
74
J03=l»
100
87
88
82"
6
1
—Concluded—Page
Bond Eecord
Sept. 17, 1904.]
MS
lyi-*
ConsolgoldSs
Cousol KOltl 4s
Vn'i,
Convertible g SVzs
}^]~
Alleg Val gen gu g 4s... 194^
Mar Isl gu g 4'2S..19-i^
CI <fe
Bgel8tgu43g. ob
Gr R <fe 1 ex Ist gu g 4 Hzs 1 941
Siin<$j Lewia 1st g 4s. ..193b
Can geu 48.1944
VNJ
Pensacola <fc All Hce h & ^^f"
Peo & Kast Hee C C C & »•; J;'
Peo <fc Pek Un 1st g 0s....l921
M-N
RR&
2ilgoU14i-2S
rUnt&PiMgOs
FA
J-J
J-J
M-S
M-N
J-D
A-O
I'J'^O
WI-N
W
Y HeeH Y Ceu
A-O
F-A
J.D
J-D
J-J
A-O
Pitts McKees
1st g 5s. ..1940 .4.-0
Pitts Sli &
194o J-J
Ist cousol gold 5s
Pitts .fewest &ee-B&0
Ash 1st cou 58.1927 .\I-N
Pitts Y
<fe
LE
&
1997 J-J
1997 J-J
Registered
Jersey Cent coll g 4s.. .1951 A-O
Rensselaer <& Sar Hee D <fe U
Kicli & Can See South Ry
Reading Co geu g 4s
Bich & Meek A'ee Southern
Bio Gr West See Den & Bio Gr
Bio Gr June Ist gu g 58.. .1939
1940
Bio gr So 1st gold 48
1940 J-J
Guaranteed
Bocli
&
B R&P
Hee
Pitts
Hee N Y Cent
1941
Butland Ist con g4i2S
But-Canad Ist gu g 48.. .1949
Tus & H Hee Pere Marq
Sag & Gr Isl 1st g 48. ..1947
t Jo
Bt Law & Adiion Ist g 5s. 199(3
1996
2dgola(>s
St L <fe Cairo See Mob & Ohio
Bome Wat & Og
•
St
St
L&
Mount
Iron
Hee
J-J
J-J
A-O
MP
B 1906 M-N
1906 M-N
1931 J-J
1931 J-J
StL<& S F RR cons g 4s.. '96 J-J
Southw Div Ist g 5s. .1947 A-O
1951 J-J
Befundiugg4s
5-year gold notes 4 Vj 1 90o J-D
.,KC FtS<fe SI con g 6s.. 1928 M-N
K C Ft S & Ry ret g 48 1986 A-O
"'
'
. .
'
M
i'^
'
KC&MR&Blstgu58.1929 A-O
8t Louis So Hee Illinois Cent
let g 4s bd ctts.1989
Bt L S
"Zd g 4s luc bond ctl8...i)1989
1932
Consolgold 48
Gray'sPtTerlstgugSs 1947
Bt Paul &Dul SeeNorPacitic
& Man 2d 68. ..1909
PtPaul
• Ist cousol gold 6s
193i
1933
Eegistered
Beiiuced to gold 4*23. .1933
1933
Registered.
1910
Dakota ext gold 68
1937
Mont est 1st gold 48
1937
Begistered
W
[.
1
M
'
M-N
J-J
J-D
J-D
A-O
J-J
J-J
J-J
J-J
M-N
J-D
J-D
EMinnlstdlv l8tg58..1908 A-O
Nor Div 1st gold 4s.. ..1948 A-O
1922 J-J
Minn Union 1st g 6s
Monte IstgugGs
1937
1937
1937
WU1& S F 1st gold 58. .1938
Bt P <& Kor Pac Hee Nor Pao
Begistered
Ist guar gold 58
;
Bt P & S'x City Hee C St P
Bait
LakeC
J-J
J-J
J-J
J-D
M <fcO
Ist g si 63... 1913 J-J
BFePres* Ph Istg5s...l942 M-S
8 A & A P Hee So Pac Co
8 F & N P Ist sink 1 g 5s. 1919 J-J
Bav F & West Hee Atl Coast L
ii E Hee Kor & W
Scioto Val
<fc
Seaboard Air Line g 4s ...1950
1911
Coll tr lefund g 53
Car Cent Ist con g 43. ..1949
FlaCeu& Pen 1st g 58.1918
1st land gr ext g 58. ..1930
Consoi gold 5s
1943
Gait: Ala Ry Isl con 5s 01945
QaCar & No Ist gug 08 1929
B«ab<fe Roa Isl 5s
1926
Blier Shr & So Hee M K <& T
BU Sp Ooa & G Hee Atl Coast L
Bod Bay x& So 1st g53
1924
BoCari&Ua /bee Southern
Bo Pac Co— CoU tr g 4 Sas. 1 90;'
Gold 48 (Cent Pao coUj.fcl 949
Begistered
/clU49
.
A&N W lat gug 58.. ..1941
Cent Pac Ist
rel
A-O
M-N
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
J-D
J-J
gu g 48 1949 F-A
1949 F-A
Eegislerod
Mori guar gold 3'u8..A:1929
Gal Har& S A I8tg6s..l910
2d gold 78
1906
MexA PaclstgSs 1931
011a V U & N 1 St gu g 53 1 924
Hons E cfc
T l8t g 68.1933
l8t guar 68 red
1938
W
J-J
H & TCl8lg58intgu..l937 A-O
int guar. ..1912
94 12
Consoi g 6s
Gen goW 48 int guar. .1921
div 1st g 6s '30
Wacocfe N
Moreau'8 La <fc T 1st 7s.l918
1920
1st f^old OS
1001-.!
W
108-14
117
A-O
Low
Apr'04
112
113
94
113
112
113
94
90I2
J'ly '04
12712 Feb '02
.125
M-N
A-O 130
Hiafi
110
112
Hi all
Low
A-Sk
111
112
94
Hinai
Jamiaryl
130 1301a
130 Apr'04
121 121
121 May'Ol
J-J
gulstg4s.l912 A-O
10458 107
10534
105
106
No of Cal 1st gu g 6s....l90( J-J 107
113 Jan '01
1938 A-O
Guaranteed gold 5s
99 12
100 Jan '04
100 100
Ore & Cal 1st guar g 5s. 192 J-J
87I4
86 12 124 76
8534
86 la Sale
S A <fe A Pass 1st gu g4s.l943 J-J
108
i09»8Sep'04
105 1095a
So P ot Ar gu 1st g 6s.. .cl909 J-J
11034 Sep '04
10534 11034
clOlOi J-J 108^8
1st guar g 68
102 May'04
101 la 102
1905 AO 102
S Pot Cal 1st g 6s
N VT&Mex
IO8I2IO8I2
108'2Apr'04
lOlSg
10814
Range or
Last Hale
Bid
Low High southern V^c<Jo—(Continued)
Hiali-
114 Dec '03
106 AugO:;
09>2
IOOSj ;06
102 Nov'97
112^4 Mar'OO
Rant/''
Friday
Sept 16
May'OO
1
121 May'04
101 J'lyMM
109 Apr '02
121^8 All j;'04
I2OI2I2312
98 101
10734 11 IH.
112^4
lll»-2Sep04
11258 Aug'04
iiTi^""!
11914
Apr '04
11914 iis'i
137
Nov'97
,
106
l-'2
iimj
E&
F...1912
Ist g 6s series
1912
Ist gold 6s
1937
1st con guar g 5s
1906--. 1937
Stamped
10914112=8
AO
'03
10434
15 14 J'ne'04
II4I2 Apr'04
119 Feb'04
10434
i(t2"'i0434
1
115
115
109
A-O
M-N
M-N
Oct
102
10234
IO414
1905 A-O
Ist g 6s series B
lstg6sseriesC & D...1906 A-O
lis" i 22
II5I4II5I4
SPacotNMexlstg6s..l911 J-J 105 la.
1937 J-J
S P Coast Ist gug 48
1906 F-A 10134
Tex&N O Ist 7s
1141a 1141a
119 119
Sep '04
Mar'04
109
108
107
108
110
10834
Feb'04
101 101
109
109 109
1912 M-S 1031a
Sabine Div 1st g 6s
120 Oct '01
11712.
Jan '04
103 103
1943 J-J lOOia
112 12 Dec '02
Con gold 6s
109
117i2Sale II714 117 '2 27 111 118
1994 J-J
Southern— Ist con g 5s
108 110
116 110 Feb'04
1994 J-J
Registered
11412 110 Hi
I14'2Sep'04
115H!.
9234 071a
9512 05 Sep
Mob & Ohio coll tr g 4s..l93.s M-S lu^giieii 114 J'ly '04
98 J'ly'97
Ill's.
'04
114 11-i
Mem Div 1st g 4i2-5s...l996 J-J 9714
0714
971.
931a 98
1951 J-J
II3I4
1141811418
St Louis div Ist g 43
1 14 ig May'04
117 la Apr'04
115 1171a
1918 J-J 11512
AlaCen B 1st g 6s
94»8 101
100 "s Sale IOOI4 100:'4
9434
9H4 9638
0434 Aug'04
1948 J-J
Atl& Danvlstg4s
98 100
99 Hi Sep '01
90
13 9138 9634
96 14
Atl & Yad 1st g guar 48.1949 AO
a6='4
96 "2 Sale
118 118
118 May'04
1916 J-J 115
Col & Greenv Ist 6s
E T Va & Ga Div g 5s. .1930 J-J 115 117 115 Aug'04 21 113 115
117 121
1201a
1956 M-N 120 121 120
Con 1st gold 58
109 112
112 J'ly '04
1938 M-S 109
K Ten reor lien g 58
122 1« Aug'04
11834 123
1922 J-J 122
110 1.2 111 li
Ga Pac By 1st g 63
111>2H6 lll>2J'ly'04
120 124
124 J'ly '04
1221a
Knox & Ohio Ist g 68...192o J-J 116
631-^ 68
68 J'ne'04
62 "a
114 116^
118 1161a II6I2
1915 J-J
Bich <fe Dan con g 6s
87^ Sep '04
871a 87 12
II2I2 II21-.
112 1121,
1927 A-O 112S8
Deb 5s stamped
87i»
87
88
87'-2J'lv'04
Rich & Meek let g 4s. ..1948 M-N
103ial07^»
lOT-ig
1073b
80 Car <fc Ga Ist g 5s.. ..1919 M-N 10733
10334104
10334 May'04
123 Feb '02
.1916 M-K 1131a
Virginia Mid ser C 6s..
10114 No vol
i'lo" iio*'
110 J'ne'04
1921 M-S 107
Series D 4-58
115 Jan '03
1926 M-S 110^8
92' Aug'04
Series E5s
92
84
87
92
iio"' ill
1936 M-N 1 13 1^ Sale II312 1131a
General 5s
iioiaiia"^
110 12 May'04
1936 M-N
Guar stamped
9014...
93 Dec '03
Ist cy gu 4s.. 1924 FA
O <fe
m'l^iiT'
115 J'ly '04
West N C Ist con g 68.. 1914 J-J 11538...
S & N Ala Heelj&N
I22I4.
117 J'ly '00
68.1939
Spok Falls & Nor 1st g
104i2Sep'02
Stat Isl By Ist gu g 4ias..l943
103 1« 105
105 .... 103i4J'ne'04
IO3I2IO3S8 Syra Bing <fe N Y See D L & W
105 .... 1030gj'ne'04
110 110
110 May'04
'04
'Per A ot St L Ist g 4i2S..1939 A-O 112
12234 127
126 .... 126 Sep
1171-2
II712
117
112141171a
110 11212 1 Ist con gold 58.. -.1894-1944 FA
112 114 111^4 Sep '04
98 lOuia
99 la 100 100SSep'04
1953 J-J
Gen refund 8 f g 4s
96i2Aug04
96
96
98 loo's
110 1121,
11218 J'ly '04
II212
StLM BgeTergug5s.l930
100 Jau'u4
100 100
9918
86»<j 466
8434
7912 85I2 Tex <fe N O -See So Pac Co
85 Hj Sale
100 102
100 Sep '04
Tex <fe Pac E Div Ist gbs.. 1005 M-S 100 14
94
94
94 Aug'04
94
11934 Sep '04
115 11934
2000 J-D 11958
l8t gold 68
U912I2212
12218
1 22 12 Aug'04
93
90 14 Sale
92 ^ 41 80
90
92OOO Mar
2d gold inc 58
56 78
88
86
86 "2
86 Sale
108 IIOI4
1091a Aug'04
1931 ILa Div B Llstg 5s
101
101 106 la
10534 IO6I2 Mar'04
WMinW&NWlstgu5s'30
II2I4II6
114
114
1935 J-J 114
9734
01 la 9812 Tol & O C 1st g 5s
98 h,
OS's Sale
111 lU
111 May'04
Western Div Ist g 5s...l93u A-O 112
8212 Aug'04
84
701a 8212
103 12 10734
107 Sep '04
1936 J-D 107
General gold 5s
118 651a 80
795?
79
7812 79
90
91
Kan& Ist gug 48 1990 A-O 96 90 06 Aug'04
90 12
92
86
88
90
1917 J-J
Ist gold 4s
Tol P &
88 14 8834 871a Sep '04
81
871a
J-J
10759 Ill's TolStL& Wprlieng3i2S.1925
11178112 11108Sep'04
81 58 Sale
821a
79
82 la 211 68
19o0 A-O
50-year gold 48
13438
130 134^t,
134^0 Sale 134
95 14
9514
04
9 5 14 Sale
94
J-D
Tor Hamcfe Buft Istg 4s./i.l946
140 MHy'02
IO6I4II:;
111 la Aug'04
113
later (feDeUst con g 5s 1928 J-D 110
110
10838 J'ly '04
llOie.
1071a
9134 9434
9434
y4-<4
9414
1952 A-O
Ist refund g 48
llbigApr'Ol
106 14 46 100^4 106
1091211134 Un Pac RR & 1 gr g 48 ...1947 J-J 10434 Sale 10434
11134 SfiD'04
lU'^e.
10038 104
I0518 104 May'04
1947 J-J
Registered
103 12.
103 >2 Sep '04
100 104
1911 M-N 10435 Sale 103'^8 1ii63h 1619 941a 106^8
1st lien convert 4s
102 12.
106 May'Ol
9634 981a
98 J'ne'04
1911 lVl->»
Registered
104 1- Aug'04
1041^104 4
10434
12 981.2 103
Ore Ry <fe Nav con g 4s.l94t J-D 102 12 sale 102 la 102^6 12 120i4l25'-j
1922 F-A 123 123 1« 122 1« 123
Ore Short Line IstgOs..
128 Apr '02
125 ..
1946 J-J 117 14 Sale II7I4 II7I2 16 111 1171a
let consoi g 5s
133 13588
135 Apr'04
132>a..
93 9934 98 14
96 14
96 14 Sale
97
1927 FA
43 & participating
116 Apr'97
112 Doc '03
1908 J-J I0918
Utah & Nor l8l78
Il4iall634
11634 Sep '04
11634 118
104 la
1141a Apr'02
1926 J-J
Gold 5s
117 117
117 Jan '04
11733
Uni N J RR & C Co Hee Pa RU
Utah Central <S'ce Rio Gr Wes
Utah <fe North Hee Un Pacilic
Utloa & Black R Hee N Y Cent
110 110
110 Jan '04
Hee Mo P
Ver Val Ind <fc Hee South Ry
irginia M id
99 12.
113»4Dec'01
100^210414
107
Va & Southw't 1st gu 58.2003 J-J 104 II8I2 103 Aug'04
1141a II8I4
118
118'4
1939 M-N 118
Wabash Ist gold 58
10614 110
1939 FA 108
1081a 1081..
2d gold 6s
83 14
82 14 83 14 83
8314
95
94
95 J'ly '04
95
99
1939 J-J
Debenture series A
103
102''8
102=8 103
103
68
OOS. 161U 56
61>4
Oo'^s Sale
1939 J-J
Series B
93
92 14 Aug'04
9434....
102
102
102 Jan 04
103
l8t Hen equip s tdg68..1921 MS
IO2I2....
100 St'p 00
106i4llOia
110
I0934 Sale 110
Det«fe Ch Ext l8tg58..1941 J-J
100 ....
90
90
90 Feb '04
96
Dos Molu Div let g 48.. 1939 J-J
10434 10434
10434 J'ly '04
10434 ....
79'^8 8858
83=8 Aug'04
84
1941 A-O
Om Div 1st K 3ia8
102 1081a
10812 108 la Sep '04
98 J\lar'02
Tol* ChDiv Istg 48. ..1941 M-S
106 la 109
109 Sep '04
1091a...
109iaMar'03
St Chas Bridge Ist g 68.1908 A-O 103 14.
llli4May'03
108 ...
Warren Hee Del Lac <fe West
Wash Cent .bee Nor Pao
.S'e« Southern
Wasli O &
IOII4
102 Jan '03
85 ''8 SlVSi
85 '8
86 12
86 b Sale
We8t Maryland Istg 48... 1952
115 1161a
I1714II712 116 "a Aug'04
9778l01-'4 West N Y cfc Pa 1st g 63. .1937 J-J
10 1 "a Sale 101 14 101
96
93
i'O
96
96 ...
1943 A-O
Geu gold 3-4s
!l4i,
8712 95
931-2
9 4 Sale
40 Mar'Ol
rf 1 943 Nov
I nconie 5s
8534 941-2
94 la Aug'04
West No Car ,See South Ry
97 102
102 Api '04
105
111 111
VaCenttfe P Ist g6».-1911 J-J IIII4II2 111 Aag'04
43 9714 101^8
1001.
IOOI4 Sale 100
I09I4 114
112 Apr'04
Wheel'g<fc L E lat g 5s. ..1926 A-O n2'2....
90i4Mai'O3
IIOI4IIOI4
lloi4.Mav'04
S8I2
Wheel Div 1st gold 5s.. 1928 J J 109 ....
S4
8839 88»8 88 14
8'<'a 16
109
KiO
Exlen& Imp gold 58. ..1930 FA IO712 .... 109 Al)r'04
107 107
107 Aug'04
107^8
100 103
1922 J-J 100 la 10138 100 4 Aug'04
20-year equip 8 f 5s
lOOia 10334
10334 Apr'04
10212
92
36
'JO'i 124
191'J MS
90 Is Sale
891a
Ist consoi 48
10538 113
IVi
113 Sale 113
Wilkes ifc East A'ee Erie
KKi 108
^
106 "a 108 la 107 Aug'04
Wil & Sioux F Hee St P M <fe M
...
105 Dee '03
104 ...
901* 16 881a Ol"*
89 "a 90 "al 90
i()3iaib3'-2 Wis Cent 60-yr Isl ircii 4h.1949| J104
101
109
103
.
'
,
J-J
J-J
Hee Wabash
Ij K G <& N
StLMBr i'eeT RR Aot StL
St L & S Fran 2d g 68 CI
2d gold 6s Class C
General gold 6s
iGenerad gold 5s
1
Week's
Price
STOCK EXCHANGE
Week Endino Sept 16
N. Y.
Hince
January
98^^4
118H.
M os 1921
W v,----^^^^}
19o9
ISX cousol gOlll 5s
Pt Huron DlV lstgos.193
4S.1931
SagTus <fc H 1st gu K
Phila & Reading cons Vs. 1911
Pine Creek reg guar bs...l932
Pitts Cm & St Li See Penn Co
Pitts Cleve <fe Tol Hee B & O
& CU Aec I'enu Co
Pitts Ft
1922
Pitts Junclst gold bs
Pitts <& L ErieSdg os...ol928
lllVi
108-2
M N 100 Sale
I02112
108k
M-S
M-N
DRRK&
Range or
Ask Low
Bid
Penn Hii—( ConUnuedJ
Pere j\[aiq— Gh&
Week's
Last Hale
10J3
4
BONUS
Range
j^ice
Friday
Bept 16
STOCK EXCHANGE
Week endwo Sept 16
N. T.
JJ
.
J-D
FA
J-D
M-N
M-N
M-N
M-N
,
W
W
i-j
AO
FA
'
M
W
U
i-j
.
W
W
1;
W
...
103'aJ'ly'04
.»llSt!KM,ANEOl)fS BO.N US— Coiicliideil.
MnnutacliiiinK ik IniiuNlrinl
Consoi Tobacco SO-yrg 48.1051 F-A
Registered
1951 F-A
DlstilSecCorconv Ist g 58. '27
AO
l)i8tilloIAinercolltrg58.19ll J-J
J-J
Ul Steel Co deb 5s
1910
Non.conv debeu 58
1913
Int Paper Co l8t con g 0s.l918
Int HI Pump 10-yroonv. 68 '13
Kulcker Ice (Chic) 1st g 68. '28
Lackaw Steel Ist g 68. ...1923
Mat Starch M fg Co 1 St g 68 1 920
Mat Starch Co s deb Os. 1026
BUn Hope <fe T Istg 68... 1946
Income gold 6«
1940
XJ S LpatliCo8fdebg08..1913
I
XJ
V
.
A-O
FA
J-J
Beglsteretl
^Mo price
Sale
721a S al fc
93
05
J-J
62
39
M-N
112
83
82
88
102
Sale
80
64
30
M-N
Friday; latest bid and aaked.
Sale
Sale
Sale
02
0'*
97
1 1
J'ly '04
103
12 "lii'i i'023;
00',
87
39
234
8034
81
(>
83
82
82
Due Feb
66
'i4
I
32
6
c
47
35
10
07
Pa Ang'04
82
a Due Jan
102'\.
AuK'lt4
2I4
212 Sale
113
721-2
Feb '03
102'4
91
72 -V
106i« lOOij
1021-^
03
102
FA
Sep '03
Jan '09
Feb'04
10814
109
771.2
53»4
5734
611a
71 14
771a 63«b
72'\ Sep '04
7 2 la 619
701a
99
99
02
la
10834 Sale
102 "a Sale
A-O
A O
M-N
8 Kealty <fc I conv deb g 5s '24 J-J
8 Steel Corpcoltr2d58.(i'Ub M-N
April 10i)3
illiscellaneoun
73
lia
Of 3,
4
1
1
2
80
n:>
6834
6834
82
H2
Due Mar
'4
'•.
Adams Kx
col tr
g48
1948 M-S
AmDk<&Imp68 Hee Cont N J
Am HS Coot W Vag 5s.... 1020 MN
U'kl'n FrrryColst con«g6H'4H FA
J-J
Cliic Jc& .St Yard col g 58. 101
Del M & iM Idgr incomes.. 101 A O
L&
llobokeu
1 gold 68...1910
.Mad Sq Oanten iHt g 5s..l019
lich U & L giu g 4.H..10 10
.Man
Nowp Ne
Ship
<fc
D
I)58<tl000
/iDuoJly
te
Duo Ang
102
100
04
100
81
«3
111
81
Ang'04
Mai'Ol
20
81
103 1«
61
IO2I4
ino»4J'nc'02
6034
•re'ia's:!"'
M-N
MN
"5(1" veij'oi
M N
JJ
N y Dock 60yr Ist g 4H..1061 KA
SI Joseiiii Stk Yds I8t4ia8-1030 J-J
St LTcr Cui)plo8Slat'n* Prop
Co l«t K 4iaH 6-20 y>^ar..J01( J-D
S Yuba Wat Co con g 6»..1023 JJ
Sp Val Wat Works 1st 6» 1906 MS
U S Bed & Rot l8l 8 1 g 6a. 1931
dD ueApr
102 >4 Sale
89>9 91>«
901a..
ii2
9^15.
J'ly '04
XiMHiJ'iyoo
70 Sep '04
Due Oct p Dxi^koy
9 l>ue
112
112
76"
"76"
Deo *OptlonB«H
^
^
BOSTON STOCK EX0H4NGE-Stock
Shnrv
Monday
Saturday
Sept lO
M^
82V, 83>4
•»9
163>s
•163
240
163
240
240
163
*
82'-)
'2:)0
162
300
•300
146
14!)^
•l'^4
IVr
14
Sept.
Sept.
P()34 81-%
83
82
81
•99 14 99% •98%
97% 97
250i2250iv 250 '.'SO Si 260 Si
153 154
153 154
154
239 239
'238 240
'23S
162 162
163
163 163
1'26
143
•179'4
137
48^4
S2
86
H»4 U'a
48^4
85
11\
11»4
oS^ 58 "2
58
5S
•13^4
14»8 14^J
192«4 194
193
•143
14-'.
194
137
138
48
83
137
48
•82
12ia
121s
250
154%
154
•238
163
24'l
163
.
983,
250'.
15418
240
163
Ang'(>4
Aug'04
146
Last
Last
Cant
Last
138
50
83
-48
•82
5Si2 5812
•13 Si 14 12
193 14 194
83
9834
1.
'143
146
•179 14
I7914.
'I7914.
137
»137
•47
*82
148
82
831.
147
i-v
USYloo
Sale /y.ySi Sep '04
Do pref
100
Sale IHl^ .»iug'04 Con<fc Mont Class 4. .100
Sale IHU
S(tp '04 Uonn & Pass Riv pref 1 00
Sale a«aSj J'ly'04 Connecticut Kiver...lOO
FitchDurg pref
*48
Sharei,
ItnilrondM
Atch Top <fe sauta FelOO
Do riref
lOo
Boston & Albany
l"o
Boston Elevated
100
Boston* I,owt;ll
100
Bo»t<jn <fc ,M;iiu(!
100
1)0
100
pref
Boston <& ProvidiincelOO
(;hlcJiincKy<fc
60
48
60
100
(ia Ky<fc Electric. ...100
Last Sale 83
Aug'04
Do i)ref
100
Last Sale 4-J
Mar'03 Ho\iston El'tric com. 100
Last Sale i72Si J'ly'04 Maine Central
100
1'234
123<
1234 13
1234
13
Mass ElectncCos
100
5ii
69 14
69
59
Do pref
101)
58Si 59
14 '4 1434
1434 14\
1434
1434 Mexican Central
100
I93I4IU3S; X192 192 Si 192
192 X Y .V H <fc Hart. ...100
Last Sale 165
Aug'04 .\ortliern N H
100
22s 228
Xorwich A Wor pref DO
75
jh;
5,1
205 Hj 205^2 2051a
74 76 •74 76
•69
70
•89
70
30
30
32
32
76
70
32
'205
'2U3I4
....
•74
•69
76
70
3934
•20314
Last Sale ?4
Last Sale ny
3034
•29
31
31
Last Sale
Last Sale
•94
•50
•94
•50
95
63
9978 101
•92^4 93
•92
•111
98''8
•92*4
•94
•50
95
63
100
93I4
9178 92
111 112
92 Si
112
•94
•50
95
63
97%
92%
98I4
92',
92I2
•92
111
112
92 14 92'
•111 112
145
I4I4
14%
14
141.
80
81
4 Hi
81
81
i^
4I4
20
20
130 1« 13134
19 Hi
19
ISl'slSis,
•133 12134
1391414034
13 >2 14^4
8I34 8''i'8
•
...
• 118
12
i;i3
'^4
260
17212 174
4234
43
83
8^1;
'a
1^
'185 lb6
*li«
1%
"2
130 Sj
218
8-1,
130
'217 219
8I2
Sia
103
1021410^^4
103
*J%
*238
3
107^4
•51l2---
30 '4
-^0^4
14
8 134
14 14
82
150
8O34
4Si
23
130% 131 Si
133 Si 133Si
139 1393,
14
14Si
3
lip
218
218
8
301-^
15%
I5I4
60
65
15%
66%
•115" 120
IIS2
11
'2
Si
634
*6S2
II4
>*
ig
••70
-13
90
11^
98
•92
91% 92
'111
83<
106
*62
1.985
735
307
816
1414
8O34
Si
92
'4
5%
S034
6%
27
26
131% 132% 131
133 133 Si 132%
0-^14
1383*
14
83
82-%
Last Sale 5%
Last Sale 118
8034
6
63,
Sep
Sep
15%
64%
65 Si
3
...
1539
65 14
30 S<
16
>*
67'
63
6%
258
170%
42%
83
14
634
258
171
4234
83 14
Sep
'04
1%
1%
131%
131%
8
'2
8%
8%
•13
•90
•81
14
91
82
100
*8l
•92
14
91
*52
31
52
31
*3034
9
93,
J']y'04
Sep
16 14
67
*90
82 Si
100
92
Mass
West End St
Do
253
100
pref
10
& Tel 100
6k
St
East Boston Land
Edison Elec Ilium. ..100
100
Mass'chusettsCiasCosl 00
Do pref
100
Mergenthaler Lino. .100
Mexican Telephone.. 10
N E Telephone
loo
(leneral Electric
50
5,610
6
18
163*
6S 14
67
91
90
'04
l-^i-
69%
Sep
Sep
'0-i
'04
'0
Last Sale 82 >B Sep '04
•92 100
92%
94
10
54% Ang f<9%j«n
85 Aug |103%Jmi
7
Apr2.-. j244
J'ne' 262% Feb
% bip
169
171
301
134
1
Apr23 230
240
13
6913 59
•12
»12
13
21<^
•90
•90
1
..--
25
•50
634
'65
718
610
610
515
67'*
143^
•65'a
.
•30
5734
1434
134
12 14
131,
57 14 58 14
5734
58 Si
Sa
55
6%
27
571a
14 14
273<
8Si
•30
6334
57
58%
14Sj
14S2
5S
58
108S!
•2i8
13
Si
2/6,
27
•60
•60
7
7
515
516
'•28'
16
•11% 12%
13
8I2
-35
*57
108 la
2
1
••25
27
27Si
••50
-55
6
6>a
515
••30
12 S,
•85
-85
••25
1234 13
1
....
515
'
"•so"
l^t
12%
27% 28
283<
28
1%
1218
12
14
14
27 12 28
14 H.
14
27 "g '^T'i
7i»
13
21%
• •25
*-60
2
12 14 12^4
6712 5912
V
520
27 Si
as
8
-30
•28
681^4
59%
14Sj
57%
570,
*lU8Si
..
3
219
S-a
9
3
9
3
9
8
8
9
9
3
3
3
1%
1%
1%
1>4
3^.
1^4
3
II2
3
1734
l'''^
4
4
*'60
'75
6
6
4734
473,
«
iHi
•
6
I'll
••75
151a
81
2514
•212
1
l""*
81
'-^514
•1%
i^
16
4
••60
•75
4
-85
1'b
4>4
114
61a
6I2
2034
2034
11% 11%
42'-j
314
43
314
4
6Sl
634
•50
473,
"534
11*
l^ie 1»1B
90
••75
•90
16
15
USj
8038 8O34
79
25
93
25
ig
2i2
93
-80
•bO
134
l>a
4I4
4 Is
115
ll.s
24
Sj
2
Si
91
16
'4
3%
6S1
•534
lie
1
•75
21.
ISa
I8I4
3%
•75
684
46%
6
1
Jan
J'ly .306
Mm
li>
133
Jan 1; 110
lh4%MByli' 1H4
'2
162
285
16
15
80
24 Si
79 Sj
80%
2414
25
2
S:
91
41*.
11"
2
Si
•91
Si
••85
•ISi
4l8
.
116
6%"
Si
1
134
41*
116
!Sj
634
6>4
7%
2(J%
11 Hi
2(|34
1934
20 Si
III2
41
42 '4
'11 Si
40I4
3 Si
9Si
giSi
1134
4II4
1934
11^4
40 Si
201s
11 34
41 Si
3%
3%
3%
3%
6I2
3%
9%
10
03
10
93
93
93
•70
-75
•75
•90
91a
•70
683,
914
4034
4
93
9
•92
93
92
-75
•75
•75
•75
9Si
13
934
413^
414
934
3% Feb
17
122%
4
Feb 27
Feb 24
7
M.ar31
Sep 16
6
6634
9234
•75
4%
434 122 Si Jan 5
5,922 II9I4 Feb 19 14034 Sep 10
2,940
9 Feb 19 14 Si Sep 14
858 68% Jan 19 83 Sep 15
3% Mar28 3% Feb 16
112% Jau 15 118 Aug 3
625
7% J'nel3 12 May 7
460
5% Jan 23 7 Sep 9
97 230 Feb 26 265 Aug22
172 al51 J'ne22 178% Jau 22
2,771 37% Maria 44% Aug 18
241 773, Marl4 84% A.iglo
173 J'ne 2 187 Aug30
1% Apr 30 2 Jan "
Feb 23 131% Sep 15
1
Mar 14 4 Jan 28
30
10
3
2% Adventure Con
9%
a;88
•75
4%
914
88
•75
Utah Con (Gold)
25
Winona
25
25
25
Wolverine
Wyandot
Mac
7
69
1
Si
Feb
Oct 14% Feb
Oct 79% Jan
3%J'ly
534 Jan
115 Oct 127 Jan
6%Nov 62% Jan
5% Oct
834 Jan
223 Dec 310 Feb
138 Sep 204 Feb
30 Jly 48% Feb
74 14 J 'ly 8a % Feb
I6434 .\ug 190 Feb
634
65
139
Apr
20
Jan
Jan
J'ly
237
6% Dec
Jan
10
Feb
Jly 132
Jan
8% Apr 14
103% Sep 16
22% J'ly 18
Augfi
2 % Mar29
25
113
51
lU%Oct
l%Oct
Nov
J'nel,!
y
J'ly 22
% Sep
31
934
Sep 16
8334 J'ly 19
1934 Sep 12
7534 J'ly U'
18% Sep 16
6918 Sep 16
Jau 14
•75
Aug
15
94
85
100
J'ly 19
3
Jan IS
Jau 21
Jau 15
Aug26
69% Sep y
*15
Mario
1
13i4Aug22
21% Sep lo
99
25
28
J'ne
J'ly
Jan
Apr
Oct 102
Oct 108
80*4 Oct 110
Feb
Feb
Jan
Deo
Jan
71
67
2
3% Jan
333* Oct
•50
Feb
6 Jan
15% J'ly
Sep
Api
Out
28% Sep
55 J'ly 16
20
•40
Dec
Dec
7
% Sep
525
Sep
09
7
May20
10
Jau
12% Apr
•75
18
8% Mar
75% Mac
1% Feb
1234 Mar
31% Feb
6% Feb
Mar
14% Feb
•95
39%i'eb
'90
Mar
J'ly 551
Mar
1
7
J'ly 15
t29i4Sep
26^4 Jan
2934 Jan
5
134
AugoO
1434
2%Jan
91 Aug 111 Jan
38% Oct 53 Jan
27 Aug 31% Feb
7 teep
15% Feb
7134 Oct
95% May
9 Oct
18 % Feb
33 J'ly 57% Jan
10 Nov 39% Feb
4934 Nov 89% Jan
•50 Jan •80 Mar
7 % Nov '28 Jan
•75
•25
7
1% J'ly 25
35 J'ly 25
5
9
400
•OS
12
Eeb 10
J'ly
Feb
31% Feb
Sep
9%J'ly
Nov latgj Jan
10% Sep 16 Mar
37 Jly 75 Feb
534
•as
59 % Sep 15
36 Jan 2 31 Nov 48% May
72 Jan -^ 59 % Oct 131% Jan
113 Jan 22 106 Oct i 18% Feb
Mar
Oct
5
2
3 Sep 2
7 J'ly 14 Feb
9% Sep 7
J ly
Apr
334
5%
4% Apr 29
3 Jau
2 Apr 8 •50 Dec
20%.\ug31
4% Jan 18
1
634
Aug23
Sep 13
4834 Sep 7
Aug30
l%Sep u
6
',
l%.-\pr28
Sep
Sep lu
29% Feb 2
Jau 2.)
d'S
100 Jan 5
1 OS.
•J
81
li4.\pr 8
2%Jlv
15
9%. an
I'-
J
120
Janlii
•50
J'ly 13
""8%
6
J'ly
25
Marly
23% J'ly 20
V2>^. Aug3o
Jan 2 43% Sep 7
2%.rnell
4%^ep 16
Feb -23 10% .\ug29
846 5
Jan 5 93 Sep 6
69
28
mJan 4
2,510 •50 Feb 23
5 10,400
5,112
Victoria
Sep
J'ly 1
J'ly 13 197
Mar 2? 17
Mar 15 223
3S 2(18
6% Jan 19
Button-Hole.. 10 1,520
342 .C9934 Mar21
Swift & Co
100
22 s J'ly 18
Torrington Class A.. 25
25 Aug 12
25
Do pref
2 Jau 16
Union Cop L'd <fc Mg. 25
100 1,403 95 Feb 8
United Fruit
5 45% Feb26
United Shoe Mach... 25
148 28 Jan 28
Do pref
25
450
6S1 May 12
100
U S Leather
77 Jan 16
Do pref
100
300 10 Feb 6
100
U S Rubber
40% Jau 6
Do pref
100
8% Mayl3
100 25,675
U S Steel Corp
Do pref
100 24,123 51% Mayl3
•50
Apr 12
West End Land
25
6% J'ne 3
West Telep <fc Teleg.lOO
76 Maxl4
Do pref
100
7534 J'ne28
Westing El & Mfg. .. 50
50
Do pref
t90% Aug 8
9 Nov 28 Feb
66% Nov 8614 Feb
121
9
726 118
13I4 Allouez
4034
Aug lo4%Jan
12 Sep 24 Mac
27%
134%AuglO 107% Oct 134% Jan
136 Aug30 116 Aug 123% Deo
67%
40%
Jan
Nov 125 Jan
Nov 196%Ma(
Jau 170 Mac
-2
330 12% Apr 14 15% J'ly 21
334 71 Jan 5 81 Aug24
4,343
1,003
9,260
1
2Si
91
5734
Si
Sep 157
141
71%Marl4 101% Sep
;
15S.
-25
""
117
•114
46
6
•76
'75
1'-.
ISj
4I16
2I4
•50
46
46
6
534
•26
114
3Sj
6%
47
2S;
\5\ 16 S<
17
21a
92 >2 93
•85
212
13
Apr
1'J5
86 14 Mar 1 95% Aug23 83 S Oct 95 Jan
160 .Mayl6 168 Apr2l xl62 Sep 178 Feb
117 89 Jan 4 93 Marl6 87 % Aug 97 Feb
45 108 Jan 4 113% Apr 26 108 Sep 116 Feb
16% J'ly 27 17% Feb 26 15% Nov 26% Jan
37% J'ly 27 4014 J'ly 18 38% J'ly 52 Jan
145 Jan 7 145 Jau 7 144 Sep 150 Jan
25 2,020 •75 Aug 3
5,105 (Z38ieMar 8
69 14 Amalgamated CopperlOO 14,732 43 Feb 8
•76
Mar21
Last Sale 75
Amer Gold Dredging 5
Mar'04
8 Feb 23
-11
60
12 Si
11%
llSi Am Zinc Lead i& Sm. 25
50 16%Feb24
Anaconda
25
1
Arcadian
25 1,165 •25 Feb 2
1
1
1
•20
J'ly 26
Last Sale 25
25
Aug'04 Arnold
"'830
7
Feb 11
13
13
13%
13% Atlantic
19 Mar 2
1,68;
Bingham Con Min<fc S
27 Si 27 S:
27 Si
•45
••45
^45
•50
110 •39 May 14
B<)nanza (Dev Co)...
714
BostonConC&G (rots)£l 2,785 6% J'ly 26
7
634
7
91 435 Jau 4
25
519 519
615
520 Calumet & Hecla
05 Apr 23
'04 Catalpa (Silver)
Last Sale 09
10
Sep
25 3,320 eiH%Feb 8
•7 Is 27%
27 S. Centennial
27%
6% J'ly 25
Last Sale '%
Central Oil
26
Sep '04
•27
-27
ilobo •20 J'ly 15
Cons Mercur Oold
7% Apr 5
Last Sale 70 Si Sep '04 Continental Zinc
25
5834
5SSl 59Sl
59 Copper KaugeConColOO 15,309 38 Feb 23
99>S 1034 Aug 1
20
14
14Si
14%
14% Daly. West
470 40 J'ne2y
100
60
61 Si •59 Si
60 Si Dominion Ooal
10 103 J'ly 6
pref
1)0
100
108 S2 108 Si •108% 110
134 J'ne27
*2l4
60
-214
23^
12
23, Elm River
J'ne 2
7
470
•8 Si
Franklin
25
•8%
9
9
2%Marl8
3
Granby Consolidated. 10 9,075
3
3
3
160 •62% Feb 15
•1% 1% '•1%
Guanajuato Consol.. 5
1%
6 % May2
18% 19
18%
18 S. Isle Hoyale (Copper). 26 6,457
Feb 25
3
42
•3%
3% 37,
3% .Mass Consol
•45
J'ly 15
26
Last Salt 55
Sep '04 Mayllower
3% J'lielu
25
634
•6%
634 Michigan
6S2
25 1,948 34 '8 Feb 8
46% 46 Si 46
46 Mohawk
2% Jan
534
534
5%
5% M o n tAua Coal i& Coke 25 1,915 •40 J'ly 19
5
300
Mont ite Boston ctfs..
••75
100 •50 J'ne 9
•75
1
Old Colony
9I4 Feb 9
63
15
15
Old Dominion
"80" "80 Osceola
3,909 53 F"eb 8
81
80
Si
696 2ii34 Feb 1
25
25
2434
2434 Parrott(SilVc& Copp) 10
490 rf-50 Aug 9
26
Phrenlx Consol
2% 2%
2 Si
2 Si
373 SO Feb 25
25
91 Si 92
91
91 ynincy
•85
400 50 Mayj3
25
1
Rhode Island
l%J'ue24
550
-1% 13^
»1%
134 Santa Fe(Gold<S! Cop) 10
3% Aug 12
10 3,62u
4ii6
Shannon
4%
4
4
295 85 May3
25
119 120
118
118 Tamarack
20 •25 J'ne20
25
Teciimseli
25
Last Sale 33
J'ly '03 lenuessee
334 Aiar25
714
7 14 Trinity
25
7
634
6 Marl9
100
Last Sale 6
Mai-'04 United Copper
18 Jau 4
UnitedStatfS Mining 25
20
20
'20
19%
1134 1134
11% 11% Unit States Coal &O1I 25 40.) 8% Jan 4
t2%
13%
Jan
1
An« 250
J'ne
J-Uf
1493, Sep
124
AiiK 154
J'ly 13 161
Janl:'. 1170
Apr 23 290
Si
iVliniiii;
1%
2
2
13
HigluH
J an 4 160
J'nel" 270 -Aug W6 Keb^
Apr 7 131 J'ly 43 S) Feb
4834 Sep 1
25 Oct 39 S, Jan
83 Augl8 75 D<-c 83 Si Jan
42 Mar 42 Mar
170 J'ne 7 175 Apr .'6 173SlMay 180 Feb
III4 Sep lu 24 Juu21
17 Nov 3734 s-eb
68 Sep 9 80% Jau 27 75 Dec 96 Jan
6 Apr 25 14% Sep 15
8% Nov 28% Ape
185%MBr2-0 196 Jau 2 tlssSiMaj 225 Jan
159 Aug24 lc.;-(SjApr 7 161 14 Dec -73% Mac
222 Jan 29 232 Apr 21 220 Sep 232 Mac
198 J'nel3 207 Apr21 196 Aug !12%Feb
74 J'ly 26 80% Fob 1 74 J'ly 91 May
68 Mar 17 75 Jan 13 68 .Sep 85 Jan
29 Aug 12 39 Jan 20 30 J'ly 71 Jan
7 J'ly 26 Jan
40 Jan 15 42 Feb a 75 Jan 8434 Jan
87-4May25 95% J'ly J- 91% Oct 104%Jaa
65 Jan 6 65 Jan 6
8% Reece
103
103%
Last Sale 3-% J'ly'04
Last Sale 25
Aug'04
Last Sale 2^
Sep '04
106 106
106% 106 Si
Last Sale ?5
Last sace 13^
•70
*13
•90
<fe
'04 Boston Land
'04 Ciimljerl Telep
Last Sale 75
1434
pref
Dominion Iron
260
•lis
138
130^4 131 Si
Do
Amer Puou Serv
50
Do pref
50
27Si
100
131Si Amer Sugar Refin
133
Do pref
100
139% Amer Telep & Teleg.lOO
141. Amer Woolen
loo
823,
Do pref
100
113.
11
Pacilic
Amer AgriciU Chem.lOO
81
I3BI4 139 Si
1418
14
Terre Hauie Elec
lUiscellaneoiis
14%
23
100
100
100
100
100
100
50
50
Lowest
Mar 14 83i4Sep
7
99% Sep
Jau
-.i
coiii..lO(l
Seattle Electric
Do pref
110 S
Do pref
Aug'04 Wisconsin Central. ..100
Aug'04
Do pref
100
Aug'U4 Wore Nash & Koch. .100
110
102% 103
1071^4
aOSi
93
pref
Aug'04 Vermont
92%
112
'04
Do
Rutland pref
Savannah Elec
9H% Union
*93
100
100
100
100
04
8M
(i J 30
Marll
140 158 .•Vug
166 Apr 16
Feb 24
95
420 130 J'nelo
rll6% .i'nel5
180 Jnel4
160 Apr 6
276 Jan 25
45 133 J'ne 6
135 24% Jan 2
73 Jau 27
Last Sale i
Aug'04 PlantCom t'st stk comloo
Last Sale 12\ Sep '04
Do pref
100
'218 219
100
217% 218 Pullman Co
218
8
Jan
Last Sale 55%
*-70
14
90
82
loo
Si
172
42 Si 43
83 14 83 14
130S2 131
•2%
3
92
Sz
17214
10234 103
107 108
•51 la 52 1^
•30I4 31
^2
Last Salt 186
218
334
9 '2
258
258
185
130 S,
130
8-J34
260
172 '4 173
42 'a 43
83
S3
260 260
I7II2 174
42 >a 43
83
83
186
1%
5
22
8I34
•95
Last S ale 165
434
803.
1934
14
91
8212
•13
•90
•81
•92
47,
20 14 21
130 13U%
133 133 12
139 140 If
'2%
3
1934
1434
6434
*-70
81
10234 103
1061-^10712
5II2 6112
107
30 ha
82*^1
260
83
129 "2 130
218
8
141-
SOI4
412
Si
Last Sale 05
98
98Si 99%
Last ialf /6'%
Last Sale 0^7%
Last Sale 145
14
'
lfc6
•Us
13334
14U3,
14i<
31-^
31^
312
11«^4 '118 120
'iVs" 120
1034 III2 -11
11 '4
12
fi3,
6% 6% •6
*173>iil75
42 14 42=8
83
•185
Hi
140
14
82
260
•
4i<
•14
95
95
63
981s 99 Si
93
93
?5l4
4J
Colony
Pere Marquette
olil
AnK'04
Sep '04
30 '4
Oct '03
Feb'04
HiahtM
Lowett
41 23934 .I'ue 7 251
409 ri:i7 Feb 5 i 64
1
•205
•74
*69
32
\Hanue lor /YevWuf
Year (1903)
1904
tlie
Week
KXCHANOK
Sept.
99
250 Si
of
Year
Jiani/e lor
Salen
BOSTON RTOOK
Friday
16
!>
Last Salt lli?
Last Sale JOO
300
•300
•143
STOCKS
TKuTuday
Weekly and Yearly
Record, Daily,
('<>iiiuni l*rice«
Wednesday
Sept.
•9SHj 99
...
164 164
99 Hi
2S0
260
163
— No!
Tvesdau
13
IJ
Sept.
I'riceii
6
1
1
1
30
•B»forepay't*la8se88't8oaUedlnl903. d Before pay'l of assess'tscaUed in 1904. •BidandaskeO. aNewstock. tAss'tpaid.
*
5%J'ly
17% Feb
3
J'ly
18
•50
Dec
Dec
11% Feb
434
31
2
J'ly
•55
•50
Nov
Nov
J'ne
Feb
2% Jan
58
8
Feb
Mar
2% Jan
2% Feb
T*lv
J'ly
23 % Feb
79 Feb
34 Feb
2% Dec
7% Feb
Oct
43%Jly
1 II
16
;
80
•75
1
Oct 126% Feb
4 Feb
Nov
Jan
3
Deo 14% Apr
Jly 190 Feb
•26
Nov l»ie t'eb
^w.
1734 Jan 3334 Mar
4% J'ly 14 Feb
4 Dec 3134 Jan
lOUJ'Iy 27Sil'^eb
8 Dec 17 Mar
22 Jau 33% May
Feb
9
1 % Dec
J'ly
7
75
5% J'ly
01
J'ly
•75
Oct
1434
Mar
77 Mar
2%."aar
Ex-rlgbts. aEx-dlr. <fe rigUta
6
Sept»
.
Boston Bond Becord.
17. 1904,
BON OS
BOSTON STOCK EXCH'GE
§«
Week ENDtwa Sept 16
•
Ask Low
Improvement 43
101%
lOl^e
95^8 Sale
95 'a
96
M-N 129J8.
J-D lis
Cent Vennt 1st g48..Mayl920 Q-F
Burl <fe Q extend 48.1905 J-J
Ohio
1919 A-O
Iowa Div 1st 5s
lowaDiv
1913
1922
1927
1921
SWsf 4s
1949
lUinois Div 3 "23
Joint bonds See at Northern
Caic Jo Ry & Stk Yds 58.1915
Coll trust refunding g 4sl940
Oh MU <fe St P Dub D 6s.. 1920
Ch M & St P Wis V div 6sl920
Chic <fe No Mich 1st gu 5s. 1931
1921
Chic& WMich gen 5s
Concord & Mont cons 4s.. 1920
Conn & Pass R 1 st g 48. 1 943
1927
Current River 1st 5s
1st 4s... 1946
Det Gr Rap &
1913
Dominion Coal 1st 6s
1906
Eastern Ist gold 68
1915
Fltchbiirg4s
1927
4s
Aug'04
100
Jan '04
IOOI4 Feb '04
78
J-J
108
J-J
124^4
M-N 10434
0734
J-D
1
Sale
Sale
A-O
97
107 "4 108
103%
MS
12434 125
1921] Q-J
95
95i<jSalt,
105% 108
IO5I3IO9
104%
104
I0212I03
137
137
13712
137
90
90%
Note— Buyer pays accrued interest in addition to the purchase
Philadelphia and Baltimore Stock
98i«
96iu
Monday
Saturday
Sept. 10
8II4 8114
9iia 911a
•1414 1434
291a 291a
•714
Tuesday
13
12
Sept.
Sept.
91%
14%
W
—
49
49
2134
9%
*81ia
4034
3%
63%
41 14
7%
6I18
9»a
919
8ia
912
81%
40%
821a
40%
4
64*3
4'^%
7%
7»18
1738
18
17
347ie 34%
•421a 43
•381a 3834
5I16
918
6
81 14 8I34
401-j 41
41
63%64"i6
42%
7%
41% 42
7% 7%
161a 17%
82»x8 83%
18
34I4
33
•38
56%
381a
5634
961a
42
43
96%
66% 66%
'94% 9618
9%
43
*37ia 38I4
6534 56
96
9634
Bid
PH1L.AI)E1,PHIA
Ask
10
Amer
Iron <fe Steel
50
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
60
47%
66%
126
InterSmPow&Chem.SO
18%
18
Keystone Telephone ..50
100
11%
1134
82
82
40%
4034
8I34
401a
3% 3%
64% 653j,
41% 42%
7iie
7%
16
651a
42
331a
3734
7S16
16
481a
56>4
96%
56
96
34
• 42
371a
•3734
561a
961a
PHILADELPHIA
38
Union Tracton
94% 95% United Gas Impt
*20
22 Welsbach Co
Al Val E ext 78 1910 A.O
AmRy8Conv6s 1911. J-D
Atl City l8t 68 g'19-M-N
Balls Ter 1st 5s 1926. J.D
118
119
102% 102%
112
92
117
110
GenM
Steel.
North Pennsylvania.. 50
50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
Phlla Co (Pitts) pref.. .50
Phil (Jemian A Norrls.SO
Phlla Traction
50
Railways General
10
Susquoh Iron & Steel. .5
Tidewater Steel
10
Freferred
Id
United N J RR<feC..100
Unit Pow c& Trans. ...25
United Trac Pitus
60
Preferred
50
Warwick Iron<fe Steel. 10
West Jersey <ft SeaSh.50
I'a.ss
99
123
"a
108%
84%
8434
61
63
102
109
45
NY Ph & No
97%
IS
%
99
No Penn
269
334
65
78
Westmoreland Coal. ..60
'4
Mked prices no sales
;
110
llOi-j
Ist 48 •36..M
M.S
Debcii 68 lOO.'i
68 r 1910.. Var
Consol 6» c 1905. ..Var
Consol 68 r 1919. ..Var
Penn <fe Md Slee,l con 6s.
104 14 104 14
lOlialOlia
1201a 121
92
10314
J-J
J-J
J-J
71% 72>4
102 102»4
lOSislOSig
102 I4 Sep '04
105 isJlay'04
102 34 Apr '03
102 Hi J'ly '04
102 14
102
87 14 J'ly '01
112
112
112
and asked.
11
1034
Is
100%104S4
94 103
lOOiallS
103 34 Sep '04
103 Aug'04
108>a
72 I4 May'04
10134 102
10134 1021a
931210214
112«8
112
Trust Co.
ctfs.
Weekly, Yearly
Daily,
Range
Feb '03
108 la
102
for Year
Range
lor RreviouM
Year (1903)
1904
57% Jan
5ui;
Highest
82 Aug20
92 4 Sep 13
5
J'ne 2
16%Aug30
32%Aug81
8% Jan 26
7 J'ue21
1334 J'ne21
534 J'ne
528 43
1
J'ne 3
4934
Augl 5
18%May25 22% Sep
% Mayl3
t
14
5 '4 Sep 15
1% May 13 tlO
Feb
Aug31
QiBjeSepie
13 la Feb 8
38 "a Feb 6
82 Aug30
41 Sep 9
Mar 3 4ii8 Jan 25
734
8
5iaJ'lyl6
20 AuglO
62% Jan 14
3334 Feb 26
2%
55%Marl2 66%Sep 15
37%Mayi7 43 Jail 22
5 May25
7% Sep 10
101
68
116
Highest
Lowest
58% Dec 72% Jan
1034
Dec
Jan
28% Jan
20
8
Oct
Oct
45
84
la
Oct 118
Jan
14i4Jan
Dec 52% Jan
17% Nov 2634 Jan
%Nov 9«i8 Jan
%Dec 4034 Jan
1014 Jan
7ii6 0ct
10 Dec 11 Deo
19 Nov 36 J'ly
64 Aug 7934 Feb
34% Nov 45% Jan
liaSep
4 Jan
55% Nov 7334 Jan
35 Oct 4734 Feb
Aug 9 Jan
5
734 Dec 17% Jan
I834 Nov 341I18 Jan
4084
36
Sep
Feb
441I1B
Nov 40% Jan
40% Sep 4734 Feb
2734
76
20
Oct
Chas Ry Q A El 5s '99
leiaJan
Mar
Aue 31
BALTIMORE
Ask
Ask
Bid
MS
83
68
Charl C A A ext 5s. '09 J-J 116
1910 A-O 112
M
2d 78
GeuM 48gl920..A<feO 103%
City A Sub Ist 5s. .'22 J-D 113% 114%
Ph & Read 2d 58 '33. A-O 127 128
(Mly A SubCWas)l8l5s'48 101% 102
Con M 7s 1911
J.D 120 1201a Col AGrnv l8t68. 1916 J-J 116
CouM 68gl911....JD 112
Consol Gas 6a. ..1910 J-D 110% 111
Ex Imp Af 4s g '47. A-O 106
1939 J-D 114% 115
68
ConM of '82 4s '37.J-.T 105
GaA Ala 1st con 5s '45J-J 108 108%
Terminal 6s g 1941-Q-F 125
Ga Car A N Ist 6s g '29 J-J 111% 112
P W A B col tr 4s '21.J-J :02%
Georgia P Ist 6s... '22 J-J 122
Rochester Ry con us 1930 104% 106
GaSo A Fla l8t 58 1945J-J 114 115
--J
B ESide
98'
68
60
.
1st pref
2d pref
lot)
100
Incomes
150
124% 125
NptNAO P l8t58'38 M-N
270
85
30
96
60
North Cent 4 %8 1925 A-O
G.B S Brewing
100
Mt Vernon Cot Duck
LAP
102 Hi
5%
280
95
98
75
(!
3
88
pref.60
110
II414
101%
AntuiostiaA Pot 68
Atl A Ch 1st 7...1907 J.J
Allan C L Rlt4al952M.S
AtUJoaat L(Ct)ctf858j.l)
Ctfs of iuilelit 4s
Bait C Pass iHt 58 -U
Bait Fundg 6». 1916
102
107
981a
118
91
J.J
M.N
M.N
Exchange 3 %« 1930 J J
Heliiiidliig 3'a8 1952JJ
Halt A Plsltlsinl'll A.O
G-B-S Brew 3-4s 1951M.S
2d lucome 5s 1951 M-N
Knoxv Trac Ist 58 '28A-0
Lakcll Kl lat gu58'42M-S
MetSHWash)l8t58'25FA
Mt Ver Cot Duck Ist 58.
BALTI1>I(U(E
Inactive Storks
Atlanta & Charlotte. 100
Atlan Coast LiuoRK lOO
Allan Coast L (Conn) 100
Canton Co
100
Georgia Sou* Fla...lOO
3934
Bonds
-J
N
1021a
100ial01%
91
6
Bid
Unit Klco
Income 4s 1939... M-N
Penn gen
iif
con os 1930
lat 4s '39 J
101
la
122%
Newark
94
Aug'04
103 Aug'04
103 Apr'04
1061s Mar'03
101
101
100 la 100 la
104 14 J'ne'04
101 la J'ne'04
121 J'ly '04
100
FA
530 71
4s interim ctfs
U Trac Inil gen Ss'Ul.J J
U Trac I'll geu 5s '97 J-J
Welsbach a f 5s 1930. J.D
111%
4434
T-fl
102ial02iii
9312 971a
10134 102
102 103
102 Is 104 >4
Mar'02
Sep '04
Aug'04
M-S 105
M-N 10218
F-A 10216
1,180
1,773
PHILADELPHIA
8
J-D
Consol 68 1923
J-D
Annuity 68
4s '29. J-D
Leh V Trac l8t
Nat Asphalt 5a rccts.
New Con ()a« 5» 194.S J-D
63%
7OV1
1614
6^8
14
Interstate
4128 g.l924. Q-F
Ist 58 g '33.. J-J
5818
13
la
D Can Ist 5s '16 J-J
Rys—
F.A
Lehigh Nav 4ias '14. Q-J
RRs 48 g
1914. Q-F
118
118
la
102
91
103
107
Lowest
Phil Elec gold trust ctfs.
Trust certif 8 48
P <fe E gep
6 g '20.A-O
Ask
65
8 Jan 6 1 18 Sep 10
50 100,462 19iaMarl4 SliBiaSup H
562 38 Mar 1 4:;% Sep 14
50
387 28 Marl4 38 Sep ii
50
50 3.295 4534 Jan 2 5634 Sep 8
60 15,067 81 Mayie 94% Sep 14
22 J'uel8 22 J'nel8
100
Do Ist pref
Do 2d pref
6534
Bid
May '04
Week
50
Reading
43%
^j
118
65
951a
91
104
103
J-J
10,589
3,455
1,020
934 91»i8 Electric Co of America 10 6,600
•8% 10 Gen Asphalt interim ctfs..
•28
30
Do prel Interim ctfs..
«81
82 Lehigh Coal <fe Nav
493
50
Lehigh VaUey
50 5,07i:
401a 41
3 44
100 8,085
31a MarsdenCo
Pennsylvania RR
50 27,654
659ie 66
'¥^ 4214 Philadelp'a Co (Pittsb) 50 16,031
7818 Philadelphia Electric. 25 9,948
16
16 Phila Rapid Transit ... 50 14,016
43
56%
Philadelphia
American Railways
1061a 1084
10134
101
I20I4 122
122
1031* Aug'04
M-N
M-S lOTiallO
M-N
22% 22% Cambria Steel
50
5% 514 Consol Lake Superiori.lOO
100
Do pref.t
91a
91a
33% 33%
4212
37>a
38
961a
3%
66%
42%
73l6
42% 43 Is
66
82
41
16
161a
3234
3%
FA
MS
Sales
the
100
117
92
81
103
91
1021a 103
J-J
J-J
.1915
128'«
IO314
0/
90 la 90 la Northern Central
14Si 14% Seaboard Air Line
Leh V C
LehVext48l8tl948.Jl)
M-S
2d 78 1910
Penn Gas Coal
Bid and
914
912
934 9l3i6
3.34.48 1943
Preferred
60
KeystoneWrttchCase.lOO
Lit Brothers
10
Little Schuylkill
50
Minehilldb Schuyl H..50
Nesiiuoliouiiig
50
*
9%
934
Clioc<feMel8t58l949J-J
ChOk&G gen 5s '19 J-J
Col St Ry 1st con 68 1932
Con Trac of N J 1st 58. '33
E&Al8tM58 1920 M-N
Elec & Peo Tr stk tr ctfs
Elm& Wil 1st 68 '10. J J
Eq II Gas-L 1st g 5s 1928
H <fe B Top con 6s '25 A-O
Indianapolis Ry 48.1933
Preferred
.
481a
22% 22%
6% 51.
Bethle St«el 6s 1998. Q-F
Kaston Con Electric... 50
Klec Storage Batl
100
Preferred
100
Germanlown Pass
50
Harrison Bros pref ...100
Indianapolis St
100
Haven Iron &
481a 4812
9II2
1434
29% 30%
481a 481a
2134 221a
5
6
F-A
J-D
F-A
J-J
J-J
Shares
*7%...
1434
7%
9%
Stocks see below)
Sept.
101
100 12 Sale
J-J
J-J
97
99
9334
J'ly '04
94
price Friday; latest bid
100
50
100
2913 29'.j
100
Do pref
7I4 United Ry<fe Electric. 50
714
91
1434
293,
7%
No
CFor Bonds and Inactive
iYiday
16
15
Berg&EBrw 1st 68'21 J.J 102%
DanvUle Bessemer... 1%
Diamond State Steel..
N
1434
2934
. .
96
128
97
10634
IO634
10034
10034
1201a Sep '04
10-i
J'ne'03
1013<
A-O
Gold 4^28
1914
Gold debenture 4s
1916
Gold 48
1917
Western Teleph <fe Tel 5s. 1932
Wisconsin Cent 1st gen 481949
Wisconsin Valley 1st 7s. .1909
Baltimore
811s *80ia 81% Consolidated Gas
8lia
911a 92
Che<fe
50
Preferreil
Sept.
West End Street Ry 4s.
Low MlgK
99
1071a 110
94
ACTIVE STOCK.S
Thursday
14
F-A
A-O
A-O
A-O
1929
1906
1907
1908
1915
High
J'ly '04
16'<
IBis
6^8 May'04
75 J'ne'03
1021a Aug'04
101
1905
1924
Old Colony gold 48
Oreg Ry & Nav con g 4s.. 1946
Sh Line 1st g 6s
1922
Oreg
RepubVaUey 1st a t 6s... 1919
Rutland Ist con gen 4i2S,1941
Rutland-Canadian 1st 4s 1949
Savannah Elec 1st cons 5s. 1 952
1930
Seattle Elec 1st g 5s
Torrington 1st g 5s
1918
Igr g4s.l947
Union Pac
lien conv 4a
1911
Ist
United Fruit conv gen 58. 1911
Steel Corp 10-60 yr 58-1963
US
'
6512
641a
J-J
Exchanges— Stock Record,
Honds
Inactive Stocks
American Cement
Sept.
914
81'
*42i4
6
BHj
9%
3"ia 4
63% 64 la
42
4934
21% 21%
22%
22
7I4
4334
4334 491a
61s
9I4
29
7\«
2218
fiifl
811a
921a
14»a
29
t)
jt.O
Wednesday
J-J
1st 68
price for all Boston Bonds.
Share Prices— Not Per Centum Prices
96
10534 Sale
58 1929 J-J
6s
68
5g
Since
January 1
107 'a
Aug'04
Aug'a4
Sep '04
10334 Aug'04
J'ly
J'ly
RR&
IOOI2IOII2
95
98
9579
>2
I2
23 12 1241.2
100 10434
1
M-S
137i2Aug'il4
FremtElk<feMoVlst6s..l933 A-O 137>2
137 Feb'04
1933 A-O I3712
Unstamped 1st 68
95'8Salti
95^8
96
Gt Nor C B <fe Q coU tr 4s 1921 J-J
Registered 4s
98i<j
97
109i4Mar'02
112i4Jan'03
101 Apr'04
98 Aug'04
107 Sep '04
104 J'ly'04
102 12 Apr'04
IIII4 May'02
J-D
A-O
A-O
M-S
M-S
105% 10734
121
95
92
A-O
A-O
A-O
N Y& N'Eng Ist 7s.'!!i;!!l905
-i
97 12
1071a
122
95
91
1071,2
J-J
J-J
Maine Cent cons 1st 7s. ..1912
1912
Cons 1st 48
Mara Hough&Ont I8t68.iy25
Mexican Central cons 4s. .1911
Jan 1939
1st cons inc38
Jan 1939
2d cons inc 3s
Mich Telep cons 5s tr rec.1929
or
1281s J'ne04
. .
New Eng Teleph 6s
90 !« 94
125i^J'ly'04
123 la Apr '04
104
10434
10734
108
125
J-J
J-J
"981^ "9 8
97
99
AO
Minne Gen Elec con g
New Eng Cot Yarn 5s
104
105
99 14 100
Ask Low
Bid
1910 J-J
Non-conveitdebeu 5s. ..1913 A-O
la Falls <fe Sioux C 1st 78.. 1917
Kan C Clin <fc Spr 1st 5s. 192.") A-O
KanCFt ScfeGulf 1st 7s. .1908 J-D
1928 M-N
KanC Ft Scott & M Os
1934 M-S
KanCM* B gen 4s
1934 M-S
Assented income 5s
Kan C & M Ry <fe Br 1st 5sl929 A-O
ibo"^ ibo'ii
108
98
108
98
97^ 98
A-O
I2918
81
9912100
105 J'ne'Ol
100 J'ne'o4
106 "4 Dec '02
98 »2 Mar'04
94
94
M-N
M-S
. .
W
128
80
100
107
81
FA
B&
9934
129^
ll?^ Feb '03
M-N
Debenture 5s
Denver Exten 4s
Nebraska Exten 48
99
J'ne'Ol
Range
Last Sale
niinois Steel deben 5s
KanCStJo&G B Ist 7s. .1907
LR&.FtSmldgr Ist7s...l905
112 113
100 14 102
12918
AG
1919
1st 4s
100
110
ii'f" ii7'
99^- J'ly'()4
A-O
96
110
99^8 Jan '02
101 Mar'03
11212 Jail '03
112>e Apr '04
100'* 100^4
112
100>4Sale
J-J
J-J
—
9934
971^
97%102»e
87
110 Feb'04
104 Hz Apr'OO
117 Feb'(>4
F-A
1918 J-J
n}?^
1910
Sinking fund 4s
1917
Butte & Boston 1st 68
Oedar Rap & Mo R Ist 78.1916
1909
2d7s
9734
88I4
Range
Week's
Price
Fridav
Bept 16
£1^
Low High
97
101 Sg Sale
Sias. 1947
Non-exempt 6s
1
113H2Feb'03
Bo8t& Mon 3d issue 78. ..1904 M-N
Boston Terminal Ist
Bur <fe Mo Riv ex 68
Since
January
9d'8
P6'2
1944 j-j
1905 F-A
& Mame4Hj8
or
High
m\
ee^s Sale
96 Hj Sale
Atch & Nebraska
AtohTop&SFeKeng4s..l9!lo AO
Adjustment g4S-...J'ly 1995 Nov
Boston Elect Light Ist 68. 1908 M-S
1924 M.S
Consol 68
1907 j-n
Boston* Lowell 4s
Boston
Range
Last Sale
Bid
—
1908
Am Bell Telephone 48 4s. 1929 J-J
J.J
Am Telep & Tel coU tr7s. .1908 M-S
1st
BONUS
BOSTON STOCK EXCH'GE
Week Ending sept 16
£ange
Week's
Fridav
Sevt 16
1015
107
lis
108 ij
1
12
103
9',S34
122
1941 M-S
General 58
Norfolk St 1st 58 '44.. J-J
J-J
6s 1904
Series A 58 1926
J-J
Series B 5s 1926.... J-J
Pitt Un Trac 58 1997. J-J
Polo Val lat 58 1941 -.J-J
SocAv'J'{l'itta)5a'34 JI)
Sav FlaAVVest58'34 A-O
seaboard A L4« 1950 A-O
St>ab A Koau 5a 1926. J-J
South Hound 1st 5s. ..VO
UKl l,APl8l4'as'29.M.N
HvA
MS
El lat 4s'49
ID
Income 48 1949
Va Mid lal 6« 1906. .MS
2il series (is 1911...
3d soiiea 6a 1916. .MS
4tli a.T3 I 5«1921.M S
51 li aeries 5a 1926. M..S
Va (Stale) 3« new '32. J -J
Fund debt 2-381991. J J
West X C coll 6a 1014 J-J
Ull
MS
112% 11.-.
Unit Trac 1st 5s. .'29 M.N 1131-, 114%
Pa A N Y Can 78 '06. J D 106 4/
No Ball Div 5s 1942 J-D 119% 120
AO 114
Con 68 1939
99-'4
Convertible 5a. '06 M-N 101 >a
A-(J
Con 48 1939
Ceufl Rycon5«l932 M-N 113
Penn Steel l8t 68 '17 M-N
WeaVa'WkPlslOg'll J J
Ext A Imp 5R.1932 MS 113
102 >a
People's Tr tr certs 48 '43
Wll A Weld 5a. .1935. J J
Chas City Hy Ist 5a '23 J J lot?
P Co l8t<fe col tr 5s'49 MS 108 ^
on Uiu day. | Lowest is exdividend. H Kx-rigbts. t $15 paid. X BeorganiERtlon certltlcatos $3 Msesament
61% 52
25
24
102% 103%
116
117
64 1,
65
18
16
100
110
119
119
112
114
114
113
823.
83 \<
108
111
110
••••
93 "a 94
90 14 90%
44% 46
-
•
101
107
115
110
111%
96
pn
116%
112% 112%
11534
115
paid.
—
.
1
.
THE CHRONICLE.
1()!G
Volume
of Business at
THA^ISACTIONS AT THE
DAILY.
Stock Exchanges
NEW YORK
STOCK KXCUANGK
WEEKLY AND YEAHLY
ending
aept 16
lyu4
Skturday
Hloekx
a S
Bonds
Jiail.roail i-e
Share*
JiOHdt
Par valus
561,356
Monday
1,273,623
$53,046,600
119.713.900
Tuesdiiy
l,07().4i>4
Wednesday.
96.'i22,650
1,100,949
1,127,653
941,756
$3,293,600
5,594.500
4,774,500
9S,l4:i,90ii
4,S82,i)00
101,742.050
4,063.500
3.171,000
...
Thursilay...
SYlday
Total
SaUi
New York
84.(137,700
<in» SecuriiicM
Rid
Ask
Kort Wiiync Oh 1925. .J-J
55
82
HUHit I'.l Bergcu Co.. 100
28
(iranil BapwU (iaa—
1il«t 5m 1915
F-A §101 103
lludHon Co Gas
loo
82
84
5« g 1949
See .Slock Exch lut
ndiana Nat cfe 111 Uas—
Isl 6» 1908
M-N
42
46
Jackson Gas Go ...
50
8)
5« g 1937
.'a-O 4 98
102
Kansas City Gas
100
12
16
1158 1922
A-O §97
6,075,741 $553.5Q5,800| $25,779,000 $1,559,500
Week ending Sept 16
at
January
1
Stock
Exchange
to
5400
1903
1904
Sept 16
1903
par..
$4,300
BONDS
Government bonds
$400
BB. and mis. bonds
Total bonds
40 1,600
'.Preferred
MJ" ,100
100
l-;Uay'oGa8l8t6H'24..M.N
58
63
l-o«& Wab V 1st 6»'25.J-I
40
45
.M.ulisou (jas 6s 1926.A-0 §106
109
-Vewark <jas 68 1944. Q-J §135 H, 136
Newark Consol Gas ItJO 76
76";
1i'Cong58 194W
S-D §108 109
No Hudson L H & Fow
,'^i^V.KiH
a-O §100
$9,213,850
372,600
58.597.900
.Vatdi 111 .100
Ist 68 1926
J.lJ
Pat
Pas (Jas
Klecl Oil
&
II
&
Con gSs 1949
M-S
Gas os 1937. J -J
St Joseph
§
102
Hj
94
96
*
Tclesrr
1,559,500
25,779,000
$14,000
10,000
7,937,400
8.885.740
498,333,400
$27,338,900
$7,961,400
$507,737,220
«fc
69
92
loo
106
Telephone
UAmerTelegA Cable 100
BellTelepli of Buttalo 100
llCentral & So Aiiier. 100
llCommercial (;able ..100
ni,i
AlK
65
85
80
»U
Compressed Air C0...IO11
Consolid Car Heating lOO
HCoiis Kirewki) com .loo
1; Preferred
loi)
OU
6.^
14
Lt(.'<feBefrig.lOO
18
67
6
CuUH Hy
Consol Kiibbi-r Tire.. 100
Debenture 48
Cons Storage Battery 10
ContToliac deb 7s'(l5A-<»
Cotton
<Jil&Fil)r<',piel.2.'
Cramps'
.SI1&
En BIdglot
liCrueible Steel
.100
Kjo
1;Prelerre<l
Cuban lis of 1x96
DDianiond Matcli Co. 100
Dominion Securities. 10"
Electric Boat
loo
100
Preferred
50
100
]00
Electro-Pneum'lcTranlo
Empire Steel
loo
Preferreil
Kjo
llGeneral Chemical ..loo
Electric Vehicle
Preferreo
li
'',
104
190
115
78
47
118
I
I
««
1
r*
lU
10
io'i
I02>4
3
IX
5
6=V
40 Tg 41
101
103
131 182
5
2U
41J
46
76
Prelerred
5
45
64
103
Indunrrinl and IIImcpI
Col <fe Hock Coal<fc I pf 100
iHt g 5s 1917
J.J
Electric Lead Beduc'n.50
102
3
40
62
$435,050
$518,080
95
loi(
110& ludC
1904
stocks— Xo. shares
6,075.741
2.371,824
86,789,838
116,050,130
Par value
$553,505,800 $225,089,050 +8,045,(154,225 $10,870,295,400
Bask shares,
State bonds
.
U^clede Gas
$400
»
TOL, LiilK.
I
H'ce*
1
Preferred
1
Gold Hill Copper
01
16
lU-i
20
22
I
H
.4
6
32
48
94
4U
66
96
1
,!'•
Greene Consol Copper. 10
15;^,
Greene Cunsol Gold... 10
HackeUNack.Meadows 100
12
K nick'b'ker Tr Co reel 8 10
Hackensack Water Co—
Bef g 48 52 op 12. ..J-J §92
Hall Signal Co
100
70
Havana Commercial. 100
8
I5I!
lU
15
15
Tel (N Y).25
Emi) <fc Bay sute Tel 100
82
DAILY TltANSAOXIONS AT
92 ij
BOSTON
PHILADELPHIA Franklin
100
52
82>!i
IIGold & stock
.'100
EXCH.A.NGES
121
13
114 '2S, 1905
Preferred
100
15
35
Hudson BiverTeleph 100
90
82
Havana Tobacco Co. .100 27
Boston
Philadelphia
29
Week ending
Teleph ..100 157 158
Preferred
1 uu
38
4U
Sept 16
58 1920 .See Stock Ex clians
list Hecker-Jones-Jew'l JSiili
Listed Unlisted
Bond
iyu4
Listed
Unlisted
Bond
H North western Teleg 50 120
123
IstOs 1922
shares
.M-S 100
shares
102
sales
shares
shares
sales
Pacific & Atlantic
78
25
82
Uerring-Hall-MarvinlOO
1
HSouthern & Atlantic 25 100 103
1st preferred
Saturday
30
100
19,719
4U
4,621
$10,500
44,100
16.605
$46,100
2d preferred
Monday
100
2
33,746
5
7,492
79,000
46,371
22.602
85,600
Electric Companies
Hoboken I,anddi; ImplOO 200
Tuesday
•28,100
10.722
44,500
33,767
18,126
44,100
i;5s 1910
5l-N §102
Wednesday .
105
36,280
7,944
21,500
31,748
21,674
59.000 Chicago Edison Co... 100 150 154
Hou.ston Oil
l\ 3
Thursday
100
29,934
8,411
11,500
31,977
29,076
249,700 HKingsCoElL&PColOO al80 185
Preferred
14
Friday
100
31
26,566
7,(i48
36,000
33,372
91i.,
20,285
349,300 Narragan(Prov)ElCo50
Hud.son Bealty...
90
lOU
ElL&PowCoKJO 50
52
Internat'lBankingColOO 150 155
Total
174,345
46,841
$203,000 221.335 128.428
Preferred
84
$833,800
100
87
Int'u'lMerc Marine. 100
5
54
United ElectrioofN JlOO
21
23
Preferred
17
100
18
43 1949
71iv 71^,
j.D
Col tr deb 4 '2l922op'o7
50
75
International Salt
100
17
20
FeiTy Companies
Ist g5sl951
56
60
Brooklyn Ferry StocklOO
5
6
International Silver, ioo
9
Ist 68 1911. J-J 106
HI
A Weekly Review of Outside Market will be lound on a preceding page.
Preferred
30
100
35
Con 6s 1948 See Stock Exch list
1st 6s 1948
J-D Hoi 102
NY<fe E B Ferry stk. 100
75
83
Lanston Monotype
9
20
9»«
Street Railways
1st 58 1922
90
M-N 87
Street Uailways
^,^ ^^^
Bid Ask N Y& Hob con 58 '46. J-D § 107 107Ja Lawyers Mort Insur.lOO 180 190
NEW YORK CITY
Lawyers' Title Ins... loo
Lake St (Chic) El stk. 1 00
3>2
HobFylsl5sl946jM-N §108 110 Lord & Taylor pref ..loo 305 103
BleeckSl&Fuli'stk 100 31
34
1st 5s 1928
101
J-J i 95 S, 96
N Y<feNJlst5sl946.J-J §104
Hist mort 48 1950 ..J-J
y4
07
IILorillard (P) pref ...100 115
HLouisv St5sl930..J<fcJ 11314 U4
TlB'y & 7th Avestk ..100 240
Mackav Companies ..100 20
245
Lynn& Bos 1st os '24. J-D 112 Hi II4I2 10th & 23d Sts Ferry 100 45
26 '4
Ist mort 5s 1919. ..J-D § 95
112dmort 53 1914 ...J-J lot 107
Preferred
New Orl BysCo
69
luo
70
9'»
100
IOI2 HUnion Ferry
stock .100
32
Con OS 1943 See Stock Exch Ust
35
Ma<li8on So Garden.. 100
Preferred
10
20
lOO
2812 30
1Il8t5sl920
B' way Surf 1st 5s gu 1924 ^108
M-N 88 90
2d 68 1919
110
4128 1952
M-N 60
JJ 75 76
2d 6s int as rental 1905 i 99 Hi 101
Manhattan Transit
North Chic Str stock. 100
4-'»
20
4't.
87
Railroad
HtJent'lCrossl'n stk..lO0 330
Mex Nat Construe, pff 00
360
Pub Serv Corp of JlOO 95 100
7'2
Chic Peo & St L pref.lOO
TllstM 68 1922 ...M-N ?117 121
Monongahela B Coal.. 50
Tr ctf s 20/0 to 6% perpet 6412 55
'
Deposited stock
1ICenPkN<fe EBstk.lOO 204 208
Z'^
6
Preferred
21
North J ersey St By 100
50
22 >«
19
21
Undeposited stock.
9
ilChr't'r&lOthStstklOO 177 185
10
Mont <fc Boston Consol .5
let 48 1948
1'4
M-N 73W: 74
Prioraeng4'2S'30M&S §102
C0I& 9th Ave 08 /S'e« Stock Exch Ust
Mosler Safe Co
Cons Tiac of
loO
102 >a
J... 100
72
721,
Con mtg g 5s 1930.J&J
3—
Dry D E B &
88
UNat Enam<& stamp 100
Ist 5s 1933
14
15
J-D
1081.
Income 5s 1930...
24
Hist gold 58 1932... J-D 111
114
UPref erred
New'k Pas By 5s '30J-J ni2 113
73 "i 81
1 00
Chic B I <fe Pac— Ref g is
llScrip 5s 1914
F-A
99 101
National Surety
Or & New 1st 6s '05 A-O noo 101
loo 116
1934 op to 1911. ...A-O § 93
390 405
1j Eighth Avenue 8t... 100
UNew Central (5oal . 20 42
Essex Pas 6s 1905 M-N §100 iOl
45
Erie con v48Aprl '53A&0 § SSSi
HScrlp 68 1914 ....F-A 105 106
N Y Biscuit 6s 1911.
Bapid Tran St By.. 100 245
Y Centdeb4s'34.M.N 99'8 99 't. N Y Mtge & Security .M-S 105 125
1]42d<fe(irStE'y8tk..l00 390 405
l8t5s 1921
100 115
A-O §109 110
Northern Pacific
42dStM cfe StNAv..lOO 50
100
70
UNew York Dock
J C Hob& PatersonlOO
loO '42'
18
When released
lllstmort 6s 1910 .M-S 104 "^ 107
48 g 1949
i(/0
is'"
M-N 73 14 74 Northern Securities. 100 132 S, 139 N IjPreferred
103
1|2d income 68 1915 J-J
103^8
80
Y Transportation ... 20
85
So J Gas El & Trac 100 100 101
7
7(5
Reduced
2
2-^ Nor
IhterboroughKapTr. 100 147 148
Lum'r & Pulpl 00
1
Gug5s 1953
M-S *101 102
Pitts Be.s8<fc L E...V.'.56
33
LexAv cfc Pav Fos A'eeSl k Exc list
36
HOntano SUver
No Hud Co By 6s'14J-J ai2
100
3S2
Preferred
72
Metropoi Securities See stk E x Ust
50
75
Otis Elevator com
3i;
34
6s 1928
100
J-J §110
Seaboard Air LineMetropol Street By See Stk E x list
Preferred
Ext 58 1924
mo 93 95
M-N §104 105
Coll ir5sl907 op.. M-S
96
961. PhoeuLx Mining
Ninth Avenue stock. 100 185 192
15
Pat City con 6s '31. J-D §122
17
]
South Pac pref (w 1) .100 113»8 113^8 Pittsburg Brew
Second Avenue stocklOO 205 209
24 \ 24-8
2d 6s.. -.1914 opt A-O §100
lUgV.V.SO
Vacfc Southwestern loO
35
11 1st mort 58 1909 M-N H02'i 103 "2
Preferred
t
45 « 45 J«
Boohesier By
50
loo 100 102
Wabash Pitts Term By—
Cousol58l948
F-A Sill's 113
Pittsburg Coal
1S>8 13 Si
Preferred
ioo
loo 100 Hi 101 14
lstg4sJunel 1954. J-D 85
86>2
JSlxth Avenue stock 100 172 176
Preferred
60
Con OS 1930 See Phila list
100
el's
2dg48Jiuie 1 1954
Bouiev 6s 1945. .J-J H02 106
Sou
40
Pratt & Whitn i)ref..loo
99
2d 5s 1933
J-J) §104
105>2
SoFer Ist 5s 1919...A-0 S105 108 So Side El (Clue) stk. 100 90
Bealty Assoc (Bklyu)lOO 130 135
Industrial and Miscel
92
12
Third Avenue See Stock Exch list
Boyal Bak Powd pref.lOO 104 106
Syracuse Bap Tr 5s 1946
Alliance Realty
90 100
loo
Tarry
P & 53 1928 103 106 Unit By8 (St LTrans) 100 103
Bussell & Erwiu.
63
25 f 61
11
12
liAllis-Chalniers
11
ioo
YkersSlKK58l946A-0 105 107
12
Salety (;ar Heal it Lt 100 175
Preferred
lt5
100
56
58
1; Preferred
50'.. Seminole Mining
1 00
48
28tli<fc29tliSt8 Istos'OO J112
113
Gen 4s 1934-.. .See Stk Exch list
t
5
h
a
HAmer Bank Note Co. 50 r 53 S, 57 Simpson Crawford Co loo
HTweuly-Tli'd St stk 100 390 400
27
UuitBysSanFran A'e«stk Exch list
American Can com. ..loo
43.
4
Deb 5s 1906
J-J
96
Deb s f 6s '24 op '05. .J J
99
Wash By& El Co.. ..100 Isi-j 20
75
Preferred
47
Union By Ist 58 1942 F-A 110 113
100
47 s Singer Mlg Co
Preferred
100 430 '30"'
72a<
100
74
American Chicle C(ji."l00
99
lul
We8tchestl8t58'43 J-J 103 107
Standard CouplercomlOO
25
4s 1951
J-l)
83ai
83'.
Preferred
100
K)S
»1
Prelerred
loo 110 125
HWestCliiciigoSt
100
57
American Elevated
Standard Milling Co. 100
5
1[Con g 68 1936
OH*
BROOKLYN
M-N § 78 84
AlaltingOs 1914. J-D 103
104
Preferred
20
25
100
Amer Press Assoc'u.loo 90 100
Atlan Ave 68 1909. .A-O ^102
5s
73
74(3
Gas Securities
Amer Shipbuiiding. ..100 24
Con 5s K 1931
A-O 110
Standard Oil of
640 642
"j.'.'ibo
Preferred
Impt 58 See Stock Kxc li list
!lOO
89 S.
storage Power
NEW YORK
60
Am .Sotla Foun com. .100
2
\V E 5s 1933. .A-O 100
4
Swift & Co See Boston St k Exc h'ge
Cent Union Gas Ist 58. §107 110
Ist preferred
of
Brooklyn City stock... 10 239 241
1 00
72
1st 5s 1910-1914. ...J-J §101 '4 U>2
CouGa8(N Y)8tk.6'eeSt k Exc li list
2il preferred
11
Con 68 See Stock Excli list
100
14
Tounessec Cojiper
31
52
25
Conv deb Os ctfs AceStk Exch list
American surety
u.o 170
Bkln Crosstu 5s 1908.J-J 102
llXexas ji: Paciiie Coal 100
75
.*0
EquilGascou5sl932 See Stk K X list Amer Tobacco lold).. 5( 250 50il
Bkn Hglslslos 1941 A-O 105 106 IIMulual Gas
50
Ist 6s 1908
A-O §105 110
loo 290 310
Preferred
.sec stockl Exth list
BkluiJCocSi; Sub ,SeeStk Excli list
Title (iuardt Trust ...100 500
510
New Amsterdam Gas—
Amer Tobacco (new)
Bklyn itap Tran 6'e« stk Exch list
Title Ins Co of N Y..I0O 152'-,
1st consol 5s 1948. .J-J §108
109
Common (w i)
225 250
DConey Is. ifc Bklyu ..100 ,140 355
Touapah Min (Nevada). f 7^4
8
G E L HAP 6ee Stock Excli list
y
Preferred (w i)
80
90
Isl cons g 4s 1948. .J-J looij 101
Trenton Potteries com 100
9
12
N Y as East Biver Ga.s—
48 (w i)
Brk C <fe x\ 5s 1939.J-J 113 115
67
70
Prelerred new
80
75
lOO
1st 5s 1944
J-J §112Hi 114
6s (wi)
105>4 lOSi.. 'Itow Directory new. .100
QrStifcNow l8t6s'06 F-A 100
65
75
Consol 5s 1945
J-J
108 110
Am Typefo'rs com... loo 28
(ir'pl &Lorimer St 1st 6y lo7
Union Copper
10 t "l«
I's
Y&Bichmond Gas.lOO 35
Preferred
Kio
Kings Co. Elevated
Union Typewr com. .100
82
80
Nor Uu Ist 68 1927. M-N §103 106
Amer Writing Paper. 100
3*4
Ist 48 1949 See Stock Exch list
a
3
1st preferred
loo 112 115
llStandard Gas com ..loo 130
150
Preferred
141-j
loo
14='4
Nassau Elec pret
l4'-2
2d preferred
100
75
]0(i 112
115
llPreterred
100 155 17<J
5s 1919
J-J
76 Si 77'
6s 1944
A-O llOi-i 112
l"?
i»4
l8t 5s 1930
M-N §110(2 1121-j lIBarney&Siu Car ...100 76Si -zO Unit Box boards Pap. 1 (lo
Ist 48 1951
See St k Exc li list
Preferred
13
1 00
13-B
llPretorred
100 117 i-i
N Wb'g<feFlatl8tex4'2S lOl 101
OTHER CITIliS
U S Cotton Duck
5
100
4
Bliss Company com
50 130
Stoinway Ist 6s 1922. J-J jjilS
150
U .S Envelope com. ..100
20
Amer Light <& Tract. 100 64
Prelerrcil
50 130 145
lU'reterred
73
eO
loo
Preferred
100
93
94
Bonddf; MtgGuar
lOo 425
150
U S Beali.vA- Imp See St'k Exch list
Bay State Gas
OTHER CITIES
s,.
1
50
Borden's Cond MUk .100 120 122
U S Shipbuililing (wi)...
8
12
Bingliamton Gas 63 1938 § 96
93
Preferred
Buttalo Street By—
.100 .rlOOH;
Preferred (w ))
.^8
60
Brooklyn Union (-Jas deb
Camden Land
Ist COU80I 53 1931. .F-A ^112
5 certifs
Me,
27
29
113
[___
6s 1909 conv '07. ..M-S 190
192
Celluloid Co
..lOo 116 -.111 71... U S Steel Corp new 5s Sec Stk E X list
Deb 6s 1917
A.O no5 107
Biillalo City (jas slock 100
3\
41.2
Cent Fireworks com. 100
14
Chicago City By stk. 100
J8
Col tr s 1 5s '5 1 opt 1
§li)8S, 109 Sj
190
Isl 5s 1047 .Vee Stock
Exch list
Prelerred
UiO
Chic UuionTracSVeSt'ck Excii list
67
t3
Col tr s f 5s '5 1 nor opt
aossi 109(3
ClacagoGas ieeNYstk Exch list
Central Foundry
lOo
Cleveland Eleclr By. 100
lU
i\ Universal Fire Ex t'r. 100
6
7
73
74
Consul (4as of N J
100
Preferred
100
9
\\\ Universal Tobacco... 100
Columbus (O) St By.. 100
91
1
92 ,
1st ON 1936
93'
JJ
§90
Deb6s 1919op'01M-N
57
59
Prcanred
Preferred
luo lo7 110
1 00
2
5
Consumers' L H & Pow—
Century Bealty
100 105
Coluni By con 68 See Ph ila list
115
Westcliesttr <fe Bronx
6s 193,s
J.I) §100
103
Cnesebrough .MfgCo 100 400 410
Crossi'wu lst5s'33.J-D }105^; 108
Title <fc Mort (Juar Co
130
150
IIDetroit City Gas
50 t
11Clallin(H B)lstprellOO
Grand BapiOs By
85
92
Westiugh Air Brake. .50 (130
loo
56
60
Elizabeth Gas Lt Co.. loo 200
100
Preferred
11 2d preferred
85
95
White Knob Mining. 10
100
84
87
Essex cVj Hudson Ga-s loo 104 105
TCommon
100
971.1 Worthinir Pump prei.lool 121
91
' '^"1"''^ pays accrued interest.
1 Price p«r sluiro.
f Sale price,
a Ex ri-hts. .cEx tUv, "J Sells on stooic Excliauge, but not a very active security.
THE
$68,184,350
Commer Uu
AND
HNY&NJ
NY&y
Outside Securities
B& NY
N
N
N
.
Am
W
M
."
••'8
Am
N
BB&
\
1
W
N
<
>.,
'
.
.
.
Sept.
1
.
.
.
.
1
.
1
.
1
1
;
THE CHRONICLE.
17, 19U4.J
1017
and l^ailtoad Itttelligence.
RAILROAD GROSS EARNINOS.
Iwxjjestmcttt
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two colnmns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from .Italy I to anci including sucli latest week or month.
The returns of the street railways are tn^ought together separaielu on a subsequent page.
Latest Gross
KOADS
Eaminas
Ctirrent
Year
July
1
to Latest
Current
Year
Previous
Year
Latest Gross A'arninr/s
Date
ROADS
Week:
or
Month
NO
Ala
NO
&.
&
102,-175
91,597
199,2al
103,061
10d,545
204.020
511,250
&
Ala *! VicbsbVy AUftUSC.
ViokHb SU & l\ August.
Allegheny Valley Jul.v....
86,8li
107,908
Dei: 136,389
36,527
37,276
.- istwkSept
Arijor
4,742.836 5,386,593
Atch Toi> <fe S Fe July
272,S92 253,098
Atlauta cfe Char. June
61,177
62,949
Atl Kiioxv S! No July
55,890
Atlantic & Bir. < June
19,41«
Biuusw.&Birnj Apiil .....
1,475,087 1,415,715
All Coast l>uie.. July
15,812
14,23(
Bait <fe Ann S L. June
5,274,54'. 5.864,467
July
Balt& Ohio
& Aroos July. .... 153,818 16.:, 606
Bauifor
3,538
5,656
Belief onte Cent' August....
5,055
4,39
BridKt A 8aco R Juiy
SuttRofh& t'iittt istwkSept 159,211 165,046
80,316
80,504
Buttalo&Susq... July..
58,200
62,600
Canadian North.. IstwkSept
Canailian Paoillc IstwkSeSt 990,000 895,000
185,600 170,100
Ceut'lol Georjiiii Istwktfcpt
1,921,655 1,886,587
Cent'! otN Jersey July
1,460,659 1.349,578
Central Paoitlc. January
2,342,466
Chattau ."^outh'u. IstwkSept
1,671,503 1,571,375
Chesap &OUio... July..
947,140 952,907
Ch!0& Alton Ry. July.
ChloUt Western. Istwk.^ept 147,970 153,729
ChioInrl&L'v... IstwkSept J 09,94a 109,771
4,002,220 4,159,063
Chic Milw & 8t P July..
4,625,080 4,766,402
Chic & North \V Juiy..
847,821
951,872
July..
Ohio St
29,028
32,641
Chlo Term I'r KK IstwkSept
120.079
Cln N O & T Pac. IstwkSept 129,508
1,764,084 1,860,254
CICiuOh& 8t L,. July..
233,715 223.277
Peoria (felilaHt'ii July.
129,782
Colorado <fc8oiUli istwkSept 126,72
15,911
16,463
OolNewb & Luu. July
48,279
46,254
Copper Range.... J uue
10,30'.
6,035
Oornwall
July
17,400
34,323
Com wall i& Leb July
149,750 1-25,193
Oumberl'd Vallej January..
Deny. & Rio Gr. /
IstwKSept 332,500 359,000
Kio Gr. West. ^
80,437
83,831
Det& Mackinac. July
29,452
34.459
Uetroit Southei'u. IstwkSept
52,243
56,562
DulSoSh&Atl.. IstwkSept
3,930,445 4.428,252
July
Erie
44,936
47,139
EvansvA TH... 4thwk Api
2,724
2,729
F'rchild&N'r'e'i) July
Farmv& Powhat Juue
7,343
8,685
191,673 262.93
FtW&UenvCitv July
174,556 176,609
Georgia RR
July
130,501
Qa South <fe Fla. August
133,473
GUa ValG<ii N.. June
,031
Gr Trunk System IstwkSept 739',83';
GrXr. West'n 4thwk Aug 126,18b
136 ,213
39. ,175
DetOrH <feIH.. 4thwk Au^
53.473
Great Northern.. August..
3,452,169 3,600: ,469
185,72-.^
Montana Cent'l August
191 ,00
Total system. August.... 3,637.891 3,791, ,476
Qulf&ShlpIslaud Itliwk Aug
47.198
43 ,791
Hockiufj Valley.. l8twk8ei)t
128,419 153 ,164
HouB & Tex Cen January .. 418,280 460, 339
H & E W. Texas January ..
69,903
81, 363
Ami
PM &0
.
.
i
HouBifeShrevep't January
16,514
19, ,041
August
4,078,418
AugUbt
23,362
Ind 111 & Iowa... Juiy
118,515
Int A GtNorth'r IsiwkSbpt
114,573
3,971, 103
..
Illinois Central..
Illinois SoutherL
{Interoc(Mex)... vvk Aug -ll
Iowa Central
Istwkaept
15, .269
121, 518
188, ,357
101, 170
404.384
171.572
202,348
136.389
361,466
379,542
4,742.836 5,386,593
ri77.912
198,836
207,090
3,523,917
61,177
tMexioanOent'l.i
t Mexican I-i tern.
{Mexican Ry
tMexloanSouth'u
Millon
3,168,628
62,949
Mineral Range..
Gross Earnings
Allegheny Valley
Atlanta & Chwrl Air Line.
Jan. 1 to July 31
Atlantic
&
Mar.
]
Birnilnghaiu a Dec. 1
H<'ll(il()ijte Central...
Jan. 1
(;iiir .'5t P .Minn & Omaha.. Jan. 1
('liirilicrlaud Valley
Jan. 1
International & Gt .North'n Jan. 1
Lake Erie & Western
Jan. 1
-Manistee & North Ka.-itern Jan. I
Maiiinliquo
Jan.
Mary land
Pennsylvania .Mar. 1
Missouri Pacific
Jan. 1
Central Branch
! Jan.
1
Total
Jan. 1
Mexican International .. Jan. 1
jMexlcan Railway
Jan. 1
.
&
153,818
5,912
4,397
1,511,797
80,316
669, '200
9,782,834
1,642,258
1,921.655
13,775.430
30,2SS
1,671.503
947,140
1,305,978
1.070,983
4,002,220
4,625,080
847,821
287,138
1.313,075
1,764,034
233.715
1,0S4,6S6
15,911
514,73..
6,035
17,400
1,291,195
3,064,538
1,415,715
127,488
Central Branch
5,864,467
Total
162.606 Mob Jack &
C.
11,535 Mobile* Ohio...
5,055 NashCh & StL..
1,634,704 tNat'lRRof Mex
80,504 Nev-Cal-Oregon.
563,800 Nevada Central..
8,968,498 N Y C & Hud Riv
1,570,762 N Y Out & West.
1,886,587 N Y Sustt <& Wesi
12,847,305 Norfolk A West'ii
23,068 Northern Central
1,571,375 North'u Pacific.
952,907 Nor Shore (Cal)..
1,5'.::6,527 Ohio RlT&i West..
1,072,729 Pacific Coast Co
4,159,063 ePeun^EastPAIi.
4,766,402
eWestP&E....
951,872 Pere Marquette m'
K
314,458
1,297,595
1,860,254
223,277
1,224,229
16.463
399,504
10,302
34,323
842,194
PhilaBalt&W'sh
Phlla
Pittsb
Aug. 31;
July 31
Jan. 31
Sept. 7
Aug. 31.
June 30
Auk. 31
July 311
Sept.
7
Kept
7i
Si:pt.
7
J iuy 3
Aug. 27
Erie
&
C
St
1.
Total Both Cos
Rich Fr'ksb & P
Rio Grande Jot..
Rio Grande So...
.
Rocklsl'dCo
3,465,192
St
Jos&Gr 1
83,831 St L& San Fran o
80 437
326,470 St L Southwest..
260 ,285
528! 981
591,366 StLVan&TH..
3,930 445 4,428,252 SanFran&NP..
1,485, 129 1,445,527 Seaboard Air L..
'2 7-24
2,7 '29 Southern Ind
85',4 '20
77,227 ,So PaciUoOoft...
191 ,673
174 ,556
262 394
467 ,046
6,861 ,123
262.937
176,609
277,980
326,574
7,181,150
731 ,722
GalHar&SA.
Gal Hous
No
GulfWT&P..
Louis' a West...
Morgan's L & T
N Y T & Mex
<te
866,'i41
290 159
6,941 ,148
Central Pacific.
220,077
7,000,564
376,936
7,377,500
305,585
1,306,720
3,368,251
555,001
144,551
7,793,306
28.023
121,518
919,302
850,000
366 ,458
7,310 606
299 755
1,296 ,169
3,461 ,608
519 271
124, 142
7,883, 602
118,
418
515
941
,258
50,
.
Oregon & Calif.
So Pac Coast....
So Pao RRCo..
So PaoSd. Lines
Tex&NOrl
Southern Rallw'y
Torre H &Iud...
Terre H & Peor..
Texas Central
Texas & Pacihc.
. .
TexS
Derrfute.
1,149,514
398,728
35.367
5.827.8.57
14 9.750
3,346,695
3,207.'241
216.311
54.827
124,«97
27.375.619
1.162.000
28.537,61»
4.132,413
3,927,400
V&N W
..
& Ohio Cent
P& West....
TolStL&W
Tor Ham & Butt.
Uu Pac System
Virginia & So Wn
Tol
Tol
..
Wabasli
Jersey
W
&
Sea'e
Wheel <te LE
Wm'sport&N.Br.
Wisconsin Cent..
Wrightsv A T'u..
Vazoo
lb
Miss. V.
—
.
cWcstof
P&
E
Pcro Marqiictlo
Phila Ballimoro
&
i
&
Wash.
Pliiladolpliia
Eric
Pitts Ciii Chic
St Louis.
Rio (iriind<; .liuutioii
St L Vandalia
T.rrc.
&
A
H
A Indtanap
& Peoria
Torre Haute
28,4M4,4"0 Terre Haiil<!
4.263.441 Texas A Pacillc
3,616,500 West Jersey & Seashore.
9'27,00O
i
24,ii35
1,976.814
570,«06
888,500
150.109
5,736
124,151
560,484
Uati
Previous
Year
$
349, 352
16, 728
28, 630
2,002, 842
542, 888
877, 000
138, 379
3, 758
105 ,750
579, ,169
18,141
1,325 ,057
3,064 ,92.5
8,035 ,000
3:i6 ,000
8,361 ,000
59 ,800
1,346 ,740
1,820 ,681
2,157 ,06!)
36 ,835
40. ,076
13,942 ,093
683 ,197
264 .716
1,943 ,524
923 ,015
8,326 ,848
345 ,070
17 ,5.85
600,76!">
560 ,3<):5
1,388,622
3.267,75'.
7,822,000
357,000
8,179,000
78,523
1,384,405
1.873.634
1,971,591
38,578
29,261
13,764.887
616,806
180,261
1,809,571
t<38,315
8,430,916
389.649
9,481,103 10,995 ,403
I'ec. 3'. 3,200
2,401,693 2,198 ,502
1,168.37;? 1,146 ,678
776 ,322
719,545
1,908,510 2,165 ,'231
50,142
2,061,437 3,131,419
2,337.939 3,025,59S
4,999,376 6,157,017
127,999
124.253
584,578
581,316
108,399
80.318
3,033,99b 3,937.78t>
91,795
114.87'.J
2.783,503 2.885.2',i7
1,517.589 1,284,321
425,132
567,973
288,348
309,613
1,260,807 1,278,125
203,297
225,031
85,965,497 80.552,328
12.847,305
13,77.5,430
4,221,191 4,014.019
696,201
807,199
106,623
96,570
1,144,280 1,168,165
2,990,794 3,013,301
'292,660
288,262
2,576,550 2,344,219
565,161
081,749
19,658,844 17,932,714
3,405,602
2,253.290 1, 917.7 1»
8,591,271 8,178,3.50
364,161
361.844
122,839
103.589
89.299
115,886
1,860,625 1,856,887
23,000
20,900
756.051
812,455
248.085
246,8h7
717.666
108,332
4,665.602
46,691
5,1 35, '294
610,181
826,644
17,479
1.437.846
11,526
1,051,844
618.133
99,20«
4,588,158
60,920
4.620.988
582.081
909,074
19.020
1,493.562
11,465
1,064,783
Current Year Previous Year
Gross Earnings
tMexican Southern
JNational KR of Mexico..
Northern Central
48,661 North Miorc
6,548,890 cPcnnsy., East of V & E..
i
413,594
18,865
Latest
VlilAKK.
i?3G0.754
3,403,592
187,992
46,408
131,256
27.557. 4S0
$
"1
1,061,497
12.5,193
3,471.2(i2
to
Current
Year
34.252
28,199
9,628
7,608
24,835
28,630
1,076,814 2.002,842
July
570,806 542,688
July
WkAug 27 128,000 108,900
20,3.59
17,680
3d wk Aug
5.736
3.758
July.
12,551
9,922
IstwkSept
61,814
67,884
IstwkSept
Istwk Sept 136,988 160,058
IstWK Sept 348,534 29S.260
737.00U 710.000
Istwfe Sept
36,000
30,000
Istwk Sepi
Istwk Sept 773,000 740,000
3,888
6,227
WkSept3.
IstwkSept 136,587 124,744
193,13s 191,033
Sepi
Istwk
IstwkSept 204,216 182,884
22,783
18,895
August
1.751
3,553
June
7,321,269 7,092,629
August
646.806 683, 97
July
180,261
264,716
July
1,809,571 1,943.524
July
838,315 923,015
July
4,359,528 4,182,213
August
30,32
33,284
February..
18,141
17,585
July
600,765 560,363
July
9,481,103 10995403
July
Utc 32 3,200
July..
Istwk Sept 270,085 247,753
1,168,378 1,146,678
July
719,545 776,322
July
1,908,510 2,165,231
July
3,940
June
2,601,437 3,131,419
July
2,337,939 3,025.598
July
July..
1,999,376 6,157.017
127,989 124, '^58
July
45,276
47,597
June
9.174
9,624
IstwkSept
July
3,330,998 3,937,780
114,872
91,795
July
July
2,783,503 2,885,227
IstwkSept 161.469 142,295
312,288 216,150
August
158,335 146,957
August
Istwk Aug 261,147 253,383
120,179 103,326
August....
May
7,608,720 7,459,844
January... 1,460,659 1,349,57s
January...
580,584 593.810
99,7 '.^4
January...
77,226
10.300
January...
12,547
January...
161,517 161,821
January .. 417,904 473,036
January ..
30.084
36,645
January... 312,659 288,974
Juuunry. ..
70,159
65,523
January .. 2,619,233 2,503,802
January.
453,189
January...
302,477 2 8 7, .5 50
Istwk Sept 926,176 8'29,613
August
184,928
199,169
August
64,243
54,015
IstwkSept
12,005
13,894
istwkSept 204,383 191,938
August ..,
11,000
10,400
IstwkSept
80,213
«8,139
IstwkSept
27,249
24,899
IstwkSept
66,474
80,876
4thwk Aug
16.071
16,368
July
4,665,602 4.588,158
July
60,920
46.691
Istwk Sept .572.356 499,407
July
58'.i,081
610,181
Isi wkSept
85.771
81,203
•'»Uy
19,020
17,479
2d wk Sept 134,600 139,7,S0
5 '26
July
11.465
11,
August....
531,000 550.814
ROADS
Current Year Previous Year
Juue 30
Juno 30,
ct
Raleigh & O Fear
Reading Railway
Coal Air Co
y I
.
.
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1
to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
$760.0441
Sept
7!
July 31
July 31
July 31
Juno 30
Aug. 31
Aug. 31
Aug. 3I1
$6.50.112
7. 871. 059.
Aug. 21
Sept 7
July 31
Feb. 29
July 31
July 31
7.004.418
5,963,200
5,716,909
632,652'
66,176,7791
Decrease.
7.734,256
7,741.0^9
4,190,21ll
13.526,6701
7
Jiuy 31
l,69b.300
7,4,>0..">."'O
7.770.6'^:>
4.3^^4,3JS
3(»7,887:
14,046.O7.">
3Ui.(i'^2
2.2i» 1,559,
2.0U,2(M)
j
.Sept.
53-1.435
71,1.'^'<>.<>70
1,695.751,
,525,1001
7.'297.420
2,385.633
^,«20.'J2l
.50<i,137
7.442,410
2,306.933
the lions A Tex. Cent.
/> Includes
Monterey Se Mexican Gull' are included for both poiiodn.
tMexican ourrenov.
r t'uvers lines dlroetly o]
both years and for boiu periods,
porated.
n Inoludes the Chicago A Kftstem Illinois in l)oth
M-Tiirlmlos Laltn Erie
Including Sav. Flor. & West, and alwo Florida Southern ai.d Hanford a ht Petersliurg Rys. In both yearn.
v... i«
Det. Riv. Ry. from Jan. 1 both years.
olldatod company, luoludlng Tlfton Thosv. ^ Gulf ami rifton A
a. These llgure* are for the consolldaU
t
and
Kesults on
its sul)Rtd. lines In
years
&
I
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
St L.
8 St M.
MSt P&
Texas
Mo Kan
MoPao&IronMi
VAKBOlfS FliSCAl.
ROADS
A
Minueap
02,400
844, 670
445,3(> 4
48,921
47, 990
450, 194
Kanawha &MI0I1 isiwkSep.
308,091
32,615
336 493
32, 364
Kan City South'n July
499,932
475,299 499, 932
475, 299
LakeEne&Westn Augutt. .. 477,198 488, 372
955,847
882, 012
LehlKh Val RR.. .May
2,514.006 2,624, 098 !7,086, 112 23,953.356
LexlnK <fe Kast'n. July
50,732
38,359
50, 732
38, 359
Long Inland
X)fe. 7,877
May
Inc. 296 ,227
Louisiana <fe Ark. July
54,502
58,397
54, 502
58, 397
LouiBV Hen&StL Juue.
808.517'
895, 970
LoiilHV is Nashv. IwtwkSepl
702',880 695,935 6,679, 510 6,73S,105
.Macon & Blrm... August
21.874
10,396
10,819
20, 652
Man'teeAtC+r.iiH July
8.878
7.308
8,878
7, 308
1
So'w'n.
<t
<fe
1,475,087
169.960
5,274,542
Precious
Year
No Eas' .lune
M:anls
August
Vlauistique
Maryl'd & Penn.. July
502,371
lexas- I'atilic.
So East. Auguet.
Current
Year
$
Previous
Year
S
AJaGt Southern. 4thwk Aug
Jii
i
Northeastern
.
.
..
.
.
.
,
7
,
TPIE CHRONICLE.
1018
(Vol. Lxxix.
— OrosH Earnings. —
—
Latest UrosB Earnings bj Weeks. In the table whiob
we eum up separately the earnings for the first
we^k of September, The table covers 44 roads and ihowp
4'43 per cent inorease in the aggregate over the same weeb
Itt %o»ek of September.
1904.
Ann Arbor
Bnffalo Rooh.
........
<fe
Canadian Northern
Canadian Paoino...
Oemrai or Oeoreia
diattanooKa 8oatliem.
wreat W«et«m.
Otaicai^o
Ohio. lnrtlan'Il«& LouiBV.
Ohio. Term. Transfer ...
Oln. N O. & Texas Pao..
Year.
Year.
Year.
104,852
121,238
219.639
4,665,602
15,236
16H.934
17,479
99.971
112.378
223.186
4,588,168
15.151
181,386
19,020
44.160
23.164
44.147
2,222,383
Z17.389
40.772
6,469
65.078
23.717
56,857
2.125,487
6.981
47,300
6,886
Roads.
Soathem Indiana, b July
ToLPeorla A WeRt b Aug.
Denver
Detroit
Grand Trunk West
4,400
95.000
15,500
ii»
6,759
9,429
129.782
359,000
29.452
52,a4»
787,031
12Q,419
153,164
88,357
47,990
32,364
696,915
3,613
56.562
739,837
.
July
1 to
Munth
June 3o
of July
5,83;s
• •••
079
IV
332.."iOO
Rio Orande
doatbem
<b
Dnlntb Ho. Shore * Atl
Gr'nd Trnnh of Canada
Wmsp'rt A No.Br.a June
749
178
126,722
July 1 to Aug. 3i
Union Pao. Syst.a..July
$
153,7 -!8
109.771
32.H41
I29,50t>
A Sontbern
Colorado
37.276
165.046
ns.zoo
89S.OOO
170.100
2.466
159.211
62,600
990.OO0
185.600
2,347
147,970
109,9 19
29,028
Deereaie
9
«
se.sz*?
Pltteb'p
tnerea$e
1903.
9
•
>>
'
3.060
..•• •*
26..'S0o
6,007
4,319
34.4'S9
a Net earnings here given are after deducting taxes.
b '*' ^Arnlntrs here driven are befnrf de inn tins taxes
z Adjustments of accounts at year's end resulted in a credit
over and above expenses and taxes.
>
..
*•>•••
—
.
47,194
Det. Gr. Hav.
114.57;^
48,921
32,615
702,810
12.651
61,814
136,988
S48.^34
787.000
S6,000
8,888
136,o«7
193.138
204,216
270,08^
Mo.PaclfloA Iron Mt....
Central Branch ...
Mob. Jackson & K. Cltj^
Mobile & Ohio
Nashv. Chat. A St. Lools.
RaUonal RR. of Mexico.
Pere Maranette
Rio Grande Southera. ..
St. LoD IB Southwestern.
Bontnera Railway ......
Texas Central
Texas & Paolflo
Toledo * Ohio Outral
Toledo Peoria <fe West'n
Tol. St. L.
247,75;-
926,17>^
829,61.-
13,894
204,38a
68,139
27.249
80,876
572,856
85.771
131,500
12.006
191.938
80,213
24,839
66,474
499.407
81,208
128,005
8,223,393
9,l'/4
.
Wlseonsm Central
Total (44 roads)
43 p
9.624
142.295
8.587,690
Wabash
WheeUng A Lak e Erie.
(4
2a8,260
710.000
30,0(0
6.227
124.744
191,033
182,884
161,469
A West
Net Increase
fl.H22
67.88 i
160,058
o.l
24,745
26.216
931
2^1
6,945
2,6^8
..
.
60.274
27.000
6,000
.... ....
2.66'
11.843
A Saco
.
of July
8,437
93,662
151,618
2.162
23,007
46,060
2,778
33.356
2,755
$
$
507
1,161
5,875
12,640
70,800
69,411
820,760 def.lP,C06
2,192
3.341
23,008
157
46,016 def. 1,918
3,041
14,611
31,692
7.416
2,; 67
2,714
/an
6ros» iCarntuyi
Latest
Gkoss
eabhinob.
tr.Mi,ry^ ur.Our'nt
WUkOTMO
12,074
3,111
10.738
108.712
df.73,896
4,873
708
9,840
3,940
15,708
3,071
j-jj,^
Prev'x.a
1 to Latest
<}urreni
y^^
yj^^
Dot
Prttious
y^^
a.......
3,49.'>
532,861
364,297
$
543
STREET RAILWAYS AND TRACTION COMPANIES.
19.174
96.56
1.889
12,445
2.850
14,402
72 94H
4.568
.
$
. .
Month
450
—
Blv. July
Copper Range
June
July 1 to June 3o
Mo. Kan. A Texas.. July
t*ev.-Oal. -Oregon
July
rol. Peo. A West... Aug.
July 1 to Aug. 31....
WmsportANo Br June
July 1 to June 30
2,10!S
21,332
22,382
Jane
Int., Rentals, etc.
,—Jial. of Net Earn'g$.-^
Crirrent
Previous
Current
Previous
Year.
Year.
Year.
Year.
Roads.
Brldgt.
6.070
23,070
for
interest Ctaartres aad Hsrpims*— The following roadi, in
aidition to their gross and net earnings given in the foregoing, also report charges for interest, dtc, with the inrpUB
aoove or deficit below those charges.
i
A Mllw. S
Hooking Valley..........
International & Gt.No..
lowaCentral ...
......
Kanawha & Miohlgan...
IjOulBvllie & NaahvlUe..
Mineral Rantre
...
MlnneapoilB & St. Lonla
Minn. St. P. & S. Ste. M..
Mo. Kaneaa & Texas. ..
,
J'rrvitius
Tear.
.
last year.
Sfl J^amtngg
Current
Previous
CurreiU
follows
168,664
H Figures are for week ending Sept. 3.
For the fourth week of August our final statement covere
52 roads, and shows 9*42 per cent increase in the aggregate
over the same week last year.
S
9
9
38.228 81.692
157,462 147.374
Albany A Hadson ... July
144.642 145 254
402 894,692
Aoaerloan R'ys. Co.||. August
950
Aor. Elgin A Ohio. Ry July
58.518
289,838
27.879 25,372
Bingham ton Ry
August...
170,lo2 161,659
Worcester.. July
Boston A
56,19
BurUngt'n (Vt.) Trao. July
8,75 4
44. -'33
8,483
4i',802
320,8S7 21a,473 2,173.393
Oal. Gas A Electric. July
353, H27
53,lf»9 50,201
Penn. Tract.... August
Cent.
844.804
270,565
'hioago A Mil, Eleo. A.agU8t....
55,087 30,4 65
153,716
Chic A Oak Park
August....
63,043 ^2,5=«8
525,777
531,694
Darton A Tol.Tr. July
54,810 51,63?
273,516
Cm.
284,958
Oln. Newp. A Coving.
Light & Traction.
July.
121,410 10»,00
730,26
682.391
Citizens' Ry. A Light
(Muscatine, Iowa).. July
9.618
57 825
9.890
54,300
30-i,782
CJleve.A So. W. iT.Oo.. Aagast
51,488 46.535
287,073
CJleve. Palnsv. A E.
28.427 26 4 16
123.187
July
117.819
Dart. A W'port8t.Ry Mav
43 735
44.^60
12.37* 12,581
Detroit United Ry..ii IstwkSept 100.114 101.623 3,044,432 2.974,889
Oulnth Street By
422,656
424,685
IstwkS-ipt 12,240 1 ,393
East St. Louis A Sub. July
123,963 92,53 718,181
568,386
Klgln Aurora A Sou. July
260,8 le
46,4b0 47,18'^
258.371
.
Ath week of August,
1904.
1908
Increase.
S
$
Previously rep'd i42r'de 13,208,681 12,094,788
Alaoauia Gt. noutbern
102,475
91.597
Ala. N. O. A Tex Pao. .—
New Orl. A No. East..
77,281
85,020
Ala. & Vloksburs
41,061
34,812
Vlcks.Sh. A Pao
44,545
49.908
231,467
Oln. N. O. A Texas Pac.
170,951
47,198
OuU A Ship Island
43.79
mierooeanio (Mex.) ...
!I102.400 1[10l,170
Mexican Railway
11128,000 11108,900
17,870
12,7 iO
Mineral Range
16.368
16,071
Toronto Ham. « Buffalo.
1
Total (52 roads)
c
14,017,039 12,810,0^
Pet Increase (942 p.
U Week ending Aug. 27.
t
1,172,256
10,878
Decrease.
9
58.363
7.7S9
6,249
..-
...
5,363
60,606
>
Ft.
Wayne & Vabash
S26.57K
291,919
67,664 59,«32
Eleo. Ry.Co. WkSeptll 134,274 131,548 tl.I68,3»S 1.018 J70
BonolDlu Rapid Tr.
26.767 26,586
A Land Co
July
189,820
151,161
aonghton Co. St. By. July
20 600 17,47
110.612
107,750
309.38><
Illinois ftaction Co.. April....
75.4d8 52.^27
243,038
(ndlanap. AE>ist. Ry August..
22,237 17.966
139.0
94,645
Icdlanap.A; Martins
vllle Rapid Tran.. July.,
12.698 11.518
Valley I'ractlon... July....,
S.iC
Havana
1,230
19,100
5,150
297
1,278,776
1.207.014
.
71.762
i
I
,
tndianap.shelbyvllle
A Southeastern Tr. June
mtemat'l Tract. Co.
System (Buffalo).. July..
Jacksonville Elec.Co. July..
Kansas City Ry.A U. July..
LAke Shore Eleo. Ry Jaly..
t^hlgh Val. TracOo.
Sti^et Ry. Dep
July
Electric Light Dep. July
LiCilngton Ry
July
L •ndonSt. Ry.(Can.) July
8,476
Net EarningTB Monttaly to Latest Dates.— The table f oUo^t^ jng shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
toads from which monthly returns can be obtained, is givet
once a month in these columns, and the latest statement o>
this kind will be found in the Chboniclb of Aug. 30,
Mad.
1904. The next will appear in the Issue of Sept. 24. 1904.
— Gross Earnings. —
Previous
Current
Year,
Eoads.
Allegheny Valley... July
Year.
$
$
405.68t- 390.414 2.305.799 2.194.897
104.547
26.232 21.677
365.379
2,324.333
74,t89 '67,i86 345.092
54,316 52,534 353,023
373.883
11,818 11,249
93.616
87.880
16S,358
32,892 32 725
178,752
97,721
19,230 18,3i7
93.886
68.002
9.104
61,358
9,424
160 454 169 606 1,382 10 1,355,605
272,325 264 920 2,0-)4,94 1,964,088
50,336 49,338 2;)9,<46 278, a78
226.69 216,236 1.403,182 1,366,531
(Wis.) TraoUon. August
West Side Elev.. August
MU. Eleo Ry.ALt.Oo August
ilei.
Xel Earnings.
Ciirre)it
I'revioua
Year
Year.
$
$
Dec. 123,798
Deo. 568,049
Deo. 136,889
Jan. 1 to July 3i
Deo. 360.764
Brldgt. ASaco R.b July
4,397
5,055
1,704
2,618
Oblcago A Alton. a July
947,140
952,907
286.680
346,169
Ohio. Qt. West'n. b July
528.714
680.682
117.403
163,543
Chlc.Ind.ALiOulB.a June
444,649
436,408
141,655
15S97«
July 1 to June 3o
5,800,622 6,066,131 1,884,463 1,949,774
Month of July
458,350
482,013
166,072
lb8,34Z
48,279
Oopper Range a ...June
46,264
21.077
16,613
514,733
July 1 to June i>o ..
399,501
162,973
17y,212
July
Cornwall. a
6,035
10,302
2,588
4,347
475,299
49^,932
Kan. City South. a.. July
102,214
109.392
Lexing'n A East. b.. July
38,359
50,732
11,765
12,443
Manistee & Gr. Rap. July
7,308
8,978
122 def. 1,653
Mllwauk. Gas L. Co. Aug.
60,884
47.808
Jan. 1 to Aug. 3i
475.907
419,V!43
Mo.Kan.ATexas.a.July 1,888,397 1,327,102
832,612
246,856
Hev.-Cal.-Oregon.a.July
15,795
17,940
5,503
7.064
18,141
Ohio Blver A West. July
17,585
4.040
6,218
July
719,546
Phlia. A Erle.b
776,322
336,3V0
843,130
Jan. 1 to July 31
4.190,211 4,384.328 1,338,937 1,364.814
14H.656
Bloh. Fred. A Pot. June
168,028
45,467
36,677
July 1 to June 3u
1,522,331 1.338.904
500,831
898.382
Moutliot July
127,988
124,268
47,8*2
36,891
Mll.LtHeat ATr.Oo, August
Montreal Street Ry.. July
Mnnde Hartford A
Ft. Wayne
188,351
337,689
17,647
14,019
116.947
Street Ry. Depart. July.
Eleotrlo Light Dep. July.
14,0."i4
2,3(i
13,51'>
Gas Department... July.
N-»w London 8t. Ry
July.
Norfolk Ry. A Lt. Co.
3.270
12,713
50,718
19 119
24,733
61,433
21,137
25.778
872.925
90,70 i
68H 929
359,842
84^,213
848.040
78.916
682.387
293.847
811,657
28.866
48,803
39,014
33,51s
44,430
August....
^usk.Tr.AUght.Oo
2.255
3
222
11.86^
RitUway
July
74,237 71,428
Co
July
9,446
7,742
Ohio Tr.ALtOo AUKUSt.... 9=>,96a 97,53»
Texas Trac. August
Northern
48.62
43.860
Sortbwestem Elev.. AUKUat
96,8 '. 93,144
Jakland Trans. Con« May
113.89; 10o,j7o
City Gas
Si.r.
lean St. Railway... \prll
>range Co. Traction. Jane
Peeks.
7,87.
11,620
7.»il
L'fg&RR. Co. May
iniadeiptLia
6,270
9,098
9,308
Uo.and
AW Hated Corpor's.
Pittsburgh McKeesport A Greensb'g..
June
June
1,187.318 1,810,389
,
15,878
13.351
Onion Traot. July
23.432 '22.800
Rys Co.Gen.— Roads August
41 656 369-2
Light Go's
August
1.958
2,079
"Coche^ter Railway .. AugUAt.... 187.36a 119,304
Cuitsv.
Rooh. A East. Rap. Ry August....
-luoKford
Belolt
7,938,694 7.728,567
68,644
111,80^
225,275
15,929
984,699
65,967
ioa,:73
212,286
15,809
838,474
70,886
74,777
25,289
A
Janes vlUe
July
St JoKoph (Mo.) Ry.
Lt. Heat A Pow. Co. August....
15,190
14,451
63,634
54.770
—
.
.
Sept. 17. 1904.
—
. .
/,ate»i
Kamxngt.
ttru$$
Prev'u
Tear
(jur'ni
Week or Mo
Tear.
.ran.
i
(o
ANNUAL REPORTS.
Dale
Uurren.
trtvxoui
Tear.
Tear
9
1014,776 659,535 6,246,856 4,766,704
9
Louis Transit-... August
—
San Bernardino Val
.-Tract. Co
5,348
10,174
.June
(Brazil
& Po. Oo Jniy
Elect. Oo July
8ao Paulo
Tram. L't
J0I9
THE CHRONICLE.
|
UKOSS
St.
:
oe.oor 100,587
305,10-«
289.716
51,463 50,311
Havannah
,^40,954
570,366
81,718 80.035
AniiUSt
Soranton Kallwav.
197.392 184 931 1,320.002 1.174,388
July
Seattle Electric Co.
112801 1.016.277 l,01'",47ft
South Side Elpvatef^ AllKUSt... IU9.190
36.417
36,742
1,207
1,320
Springfl'd A Xenla Tr WUAu(r.28
414.002
S82,0-5
72.084 65.641
Syracuse Rap.Tr Ry J 'ne
171,992
201.500
28.80W 26.101
July
Tampa Kleotrlo Co.
314,068
249,857
54,218 42,044
Terre Haute Elec.Co July
160.112
148,459
24,134 26.402
Tol.Bowl.Gr.&ScTr July
984,236
925.402
158.377 153.224
jQiy
Toledo Rye & Ll«ht,
118 929
21,589
Toledo & Weetern... July
Toronto Railway . - WsSeptlO 81.862 79.Sl"(< 1,665.740 1,476.179
Trail, IstwtSept 109.123 116.404 2,940,781 2,763,106
rwln City Rap.
3)720 33,109 132,903 133,592
May
anion i» Bedford)
535.186 500,107 3.747.134 3.466.777
United of San Fran July
139.133
131,640
19.660 20,152
Mt. V July
Wash. Alex. *
264,286
40020
Toungstown-Sharop July
.
Annual Reports,— The following is an iiid'^x to all annual
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 inclnde reports in to-day's Chronicle.
Page
Railroads, Etc.—
Pafjt.
RAILROAT18. ETC.730
801 Missouri Kansas & Texas
Alabama Great Southern
731
78j
Nashville <:hat. & St Louis
Atiricultural Chemical
Amer.
American Glue
American Hide A Leather
Assoc'd vierchants (half-year)
Atlantic Coast Line
KK
....
...
""l
Hoston & Maine.
Buflalo Koch. & Pittsburgh. ..678, flH4
Buffalo & SuHQUehanua
••"So
Calumet &Hecla Mining....
Canartiaii
••
General Electric
Canadian
Cental Foundry
Central of Geargia
Pacific
U
Street Kall«vay Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week. The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be procured, was given Aug.
37, the next will be given Oct. 1.
— Gross Earnings. —
Current
Previous
i ear.
Year.
'b4
7^!?
Ce'tral Oil
....
15,315
78,847
103,334
13,320
75.184
97,064
60,201
344,804
30,465
153,715
10,110
58,306
37,834
162,217
10,443
105,944
21,719
96,600
51.488
306,782
22,237
139.077
25,222
164,547
74,089
345,092
9.424
68,002
46,535
287,072
17,966
94,545
21,677
138.251
67,186
327,089
9.104
61,352
24.395
108.551
11.925
66,385
20,545
117,664
10,799
65,465
35.^92
87,905
4,390
30,122
7.432
45,777
32,125
107,652
4,076
25.145
272 325
264.920
1,964,032
143,067
1,020,324
136.116
971,062
49,3B8
278,378
30,825
152,528
29.695
138,368
ft?,087
Lake Hh. Eleo. Ky.aJuly
Jan. 1 to Jnly oi
Madison Traction .Aug.
31
Light Co..b
25.372
181,659
213,023
270.585
—
—
Aq^ —
Ry
Jan. 1 to
$
53,199
363.827
—
—
10.7/<4
45,13tS
<k
....
—
Traction Co b .. Aug.
t« Aug. 3 1
Jan.
Manole Hertford <St Port
Wayne Ry < o.a..Aug.
Jan. 1 to Aug. 3i
50,336
299,846
11,863
10,433
59,930
6,959
95,963
58H.929
48,626
359,842
137,369
984,699
276,541
I
97,539
582.287
43,860
293,347
119.304
838.474
235,608
49,267
266,599
32,498
158,189
67.S41
441.096
137.587
49.271
264.255
20,698
137.213
31,763
41,845
247,295
26.307
89,730
282,781
62,624
81,718
570,366
54,770
80,035
540,954
5,826
are after dednoting taxes.
bNetearnings here given are before deducting taxes.
Miles oper. Jane 30,
Equipment —
L>oomo
ives
Pass equlpm't oars.
Freight eqalp. oars.
Servloeoar.^
Floating eqalpment
—
—
Itit., Rentals, etc.
Ctirrenl
Previous
Tear.
Tear,
Roads.
$
8h. Elect.
..July
1 to July 31
Jan.
4,167
33,334
3,017
21.716
20.371
142.596
$
77.579
74.040
573,870
•66,006
"431,170
18.517
131.692
16,748
109.865
•12,308
•21,109
•
$
•62,669
•405,799
•13.947
-29,031
Mnnole Hartro<d<b Fort
WhyneRy
(
o
Aug,
Jan. 1 to Aug. di
northern Ohio Traction
ik Light Co
Aug.
Jan. 1 to Aug. 31
North. Texas Tract Aug.
Jan. 1 to Aug. 31
Boohester Ry. <U)...Aug.
Jan. 1 to Aug. 3i
Jal7 1 to Aug. 31....
Soranton Ry, C"
Aug,
Jan. 1 to
*
A.\ig.
Ul
ment Aug
b99
1
).
(ofBcial state-
..
782
.
Westlnghcuse Elec. & Mfg.
ficial statement Aug. 2)
(of-
624
Stbket Railways.—
78*. 789
Brooklyn Rapid Transit
Chicago Union Traction (receiv-
810, 62*
er's report)
City Ry
901
Philadelphia Co. of Pittsburgh
967
(balance sheet Mar. 31)
783
United Trac. of AlbanyA Troy
New York
190203.
1,010
1901-02.
1.003
190001.
1.000
939
839
927
§62
892
813
878
803
39,270
37,571
33,900
860
123
896
128
947
125
951
119
Passenger* carrl«'d. 27,644,350 25.856,032 24,987.177 22.697.295
do
do 1 mile. 349.139.591 329,826.814 306.308,981 284.286.512
1»'*7 ons.
1*605 ots.
1693 ots.
Rate per pais. p. m. l'58i otii.
9.465.953 10,53:^.891
7.93^.891
Coal (anth.)car.,t0D8 11,324,624
""
6,087,088
8,437.325
5,018,491
Coal (bit.) oar,, tons. 8,059,243
l,92R.86i!
l,70i,914
1,710,792
Coaloar.lml e.tone* 2,180.936
Merohand oar., tons 16,663,220 18,227.961 16,413.700 14,535.083
1.133,015
1.026,056
1.298.347
1,155.981
do 1 mile, tons*
0-982 ots.
0-967 Ots.
0973 Ots.
Rare per ton p, mile. 1032 ots.
*
OOO'r omtttud.
6,433
24,980
5.000
36,000
212,8.'50
54.732
18.485
147.098
22.127
176.958
9.673
72,817
26,042
204,876
61.839
19.788
168,287
After allowing tor other Inoeme reoelved.
9
Total earnings.. 34,939,396
Operat. expenses—
32,429.791
29.515,534
28,344,169
3,083,963
M«lDt. of way. etc..
5.694.610
Malnt. of eqntpm't.
Cnndact'g transp'n. 10,349,082
691,293
3,019.881
4,901.011
10,526,643
644,549
2.979,115
3,542.895
9,134,618
859,867
155,899
1,173,765
272,419
1,228,760
666,133
246,u44
1,341,326
2.602,166
3.475,569
8,646,621
1,01S,564
650,507
238,935
1,938,989
20,693,263
11,836,528
18,769,998
10,745,536
18,566,361
9,777,820
General
Equip'ent renewals.
Insaranoe fand
Improvements
EamivifS—
$
Anihraol'nooal
33,949,387
t)37,0l7
Bituminous ooal
664,770
Coal reuts and mlsoel.
1902-03.
<fc
IRON CO.
1901-02.
3,119,700
thraclte)
Ootl purchased
tuminous)
Royalty leased
*
9
25,150,^44
910,661
458.324
27,697.104
807.358
413.396
70.°>,667
485,428
2,137,842
1,829,646
593,306
627,981
930,495
816,727
370,227
3,044.793
751,016
392,646
5,73:h,800
972,211
482.057
6,558,759
1,207,248
^863.610
11774,185
Colliery improve'ts.. 1.273,035
D-<pieiion ooal land
867,330
2,221,130
863,428
2.660,755
806.308
340,446
374.101
413.063
1,582,334
888.781
8S6.505
22.508.995 26.703.061
770,245 defl93,632
28,862.472
656.396
ool-
Hand, ooal at dep'ts.
taxes on ooal lands
impi'B, ooal sold
stock,
and
Irom
27.144
87,297
11,025
64,396
•84,5.'S8
•231.3»>9
•21'J,613
"83,636
22,860
100,202
*b7,b47
19.944
74,494
1,729.768
(bi-
561,604
Tran, of ooal by rail. 7,428.812
do do by wat«<r. 1.458.370
<fe
26.800
86.607
12,398
77,333
•39.276
1900-01.
$
22,088,146
Earnings
36,251.174 23,;279,241 26,519,530 28,917,868
Exven$es —
369,314
419.868
377.747
Fixed ob'geR & taxes.
317.224
MIn'gooal & repairs. 16,683,563 11,635,095 12,076,964 13,431,978
Coal purohaaed (an
mlsuellaneoas
22.467
180,U92
10.100
80.856
27.921
9
15.921.800 13.134.624 12.436,1.59 12.391.807
11.932.640 12.564.294 11.205,307 10.079,427
4,880,705
4,561,393
5,235.897
5,516,669
528,836
469,127
654,884
760,355
MiHoellaceouB
119.370
116.167
118,824
119,024
Malls
345.156
726.748
721.267
688,906
Other sources (net).
M«rchandl8e
Passenwera
ll^irles
A
Aug.
Jan. 1 to Aug. 8
RR
Western Maryland
38,73i
1903-04.
7.882
7.768
26.177
33,051
4,406
7.787
26.093
48.749
11,754
15,221
138,892 def.54,691 def.31,240
51.8.790
Heut
Wabssh
PHILADELPHIA & READING COAL
2.917
18,959
3.026
20.684
20.371
JaiL 1 to Aug. 31
Li.
1903-04.
1.011
Net earnings
-Hal. ofXet Earn'gs.-'
Previotis
Current
Tear.
Tea7\
Milwaukee Eleo. Ry. dc
Light Co
Aug.
Milwaukee
Trac. Co
'98
tion, etc.. of operating cos
United States Hnvelope
784
United ••tales Steel Corp. (quarter
497
and half-year)
Oper.fexel co.'smat'l.)—
Interest Charsres and Surplus.
Lake
.
--t. Loul« Southwestern.
Southern Railway
TerminHl RR. Ass'n (statement to
499
N Y. Stock Bxchaage)
Urited Gas Imp't Co. (capitaliza-
Total expenses.. 21,148,592
13,790,804
60,1 2,'S
412.436
118,684
a Net earnings Here given
—
Poca'iontas Collieries
Quenec Central
8ii9
625
679
783
731
623
Beading Company.
Cal
17,647
116,947
12,713
Hew London St.RyJnly
Ry. Aug.
Jan. 1 to Aug. 3i
JaoksouT. Eleo *:o July
Jan. 1 to July ai
)
731
977
973
498
(Report for the year ending June SO, 1904J,
The remarks of President George P. Baer, together with
various tables showing the company's earnings, the balanoe
sheets, etc, will be fonnd on pages 1035 to 1041, while in the
fdiforial colnmns is given an article reviewiog the resnlts
tor the year covered bv the report.
Below 8re the comparative statistics for fonr years
PHILADBLPHIA & READING RAILWAY—OPERATIONS, EABNINOS, ETC.
Earnings from—
north. OhloTrao.&LiKht
Aug.
Oo.a
..
Jan. 1 to Aug. 31
Tex. Tract, b Aug.
North.
Jan. 1 to Aug. 31 ..
Rochester Ry, o.bAug.
Jan. 1 to Aug. 31
July 1 to Aug. 31
St. Joseph Ry. Light Heat
Aug.
<b Power
Soranton Ry. Oo
Aug.
Jan. 1 to Aug. 31
A East
.
& Stamping
-
Aug.
Jan. 1 to Aug. 3:.... 2,084,942
Milwaukee Light, Heat &
Ind'p'llB
•
Clev. Cincin. Cmc. & Si. Louis.899. Pll
89», 907
Denver \ Rio Grande
''86
Georgia Southern A Florida
"Jal
Ship Islard
Gulf &
Interb. Rap Tr (bal. sh. June 80). 7.31
.... 78»
International Paper
Keystone Telephone Co., Phlla... Q"!
'31
LouslanaA Arkansas
Louisville Henders'>n & St. Louis. 9''8
73i
Louisville & Nashville
731
Manhattan Ry.. New Vork
Metropolitan Coal Co.. Boston
499
(balance sheet April '0)
Mexican Central (statement for 3
966
jears ending June 30)
EiiHm.
Natidiia
New Yo'k Oniano & Western.9B5,
4(66.
Norfolk & Western
I'aciilc Mail S3. Co
Peoria & Kaslern
Ptister A Vogel Leather (balance
sheet Apr.-s
,
Tear.
27,379
170,102
224,782
.
625
Century tteslty (bal. sh. July 1)... t2r>
VOO, fll5
Cheaappake &Ohio...
9«5, 970
CmCHgo* North West
flOO
Terminal Transfer
ChlCiigo
782
Chesapeake & Delaware Canal.
'.
Tea)',
$
Roads.
Binghamton Ry,b..Aug.
Jan. 1 to Aug. 31....
Got 1 to Aug. 31
Central Pennsylvania
... Aug.
Traction Co
Jan. 1 to Aug. 31 ...
Ohio. A AIllw. Elec Aug.
Jan. 1 to Aug. 3i
OleTeland Southwestern
Aug.
Traction Co
Jan. 1 to Aug. 3i
Ind'p'Us&Eact. Ky.Ang.
..
Jan. 1 to Aug. ^1
Jaoksonv. £le(v Co. July
Jan. 1 to July 3i
Milwaukee Eleo.
Net Earnings.
Previous
C" rren
i™
732
JJ'»
.
Spanish sliver.
These are resalM lor properties owned.
n These earnings Include the Detroit Dnlted Ry., Detroit <h Port
Huron Shore Line and the Sandwich Windsor & Amherstbnrg Ry.
t
^25
9^1
'85
7«t
fund
464,241
Interest on Reading
Co. loan aooount... 1,682,478
Total expenses. .34. 185,948
Profit
916,226
In 1902 03 these ItemR amounted to f 1.619.429, '««* •7*f^.24> o«»l
adoed to stock -•774,186; in 1903-04. »l.628.814, lua $760,204 oomk
added to Btock-9863,S10.
^[
J
!020
.t RHAD. BY. CO. AND PHIL. A RBADIMO
CO. -CONSOLIDATED INOOMit ACCODNT.
BBADIMO
CO., FBIL.
190203.
190S-01.
6,849,685
5,31-;, 129
21,872,988
19,416,232
16,293,992
90,950
82,348
61,507
sink. fund.. 4,724,587
U. Ry. Int. on
4,477,613
4,337,770
8,645,236
&
9,474,538
9,519,011
9,519,123
9,211,197
317,224
377,748
419,858
869,315
tax(4B
<k R. O. & I. Oo.
intereet and taxes.
Ph.
.
14,,')89.307 14,46S222 14,3.')9,099 13.287,255
Total
Surplus*
7,283.631
1,934,893
2,296.717
4.951,010
'Dividends have been paid on let preferred stock as follows 3 p. o.
In 1900. 4 p. o. In 1901, 3 p. 0. In 1902. 4 p. c. In 1903 and 4 p. o. In
1904. On 2d preferred stock, Nov., 1903, l^ p.o.; May, 1904, 2 p. o.
:
BBADINO COMPANY BALANCE SUEET JUNB
1904.
80.
1902.
1903.
9
Assets—
Railroad equipment
Floating equipment
Equipment accounts
Real estate
P. & R. Ry. pur. money mort
Phlla. & R. Ry. bonds owned
Bondfof sundry companies
P. & R. Ry. atook owned
$
21,805,738
2,289,107
10,426,394
17,334,238
& R. C. & I. stock owned
Stocks of sundry companies
Phlla. & Read. Coal & X. Oo
Sundry
19,79^^
119
19.798,119
2,107,650
5,308,253
16.962,576
railroads, etc
& R. Ry., account new Reading shops
P.
1,200.000
2,006,248
343,716
1,345,875
Cash
Accrued Income
Miscellaneous
Total assets
Liabilities —
105,497,040 103,304.041
..
1,050,663
1,427,374
2,137,062
922,982
2,016,000
1,520 000
179,624
929.865
440,175
71.063
4,125,300
2,263.160
Bonds canceled
Current business
Miscellaneous
and
lose,
731,729
91,740
306,7K9
645,271
Section)... 140,000,000 140,000,000 140.000,000
"
"
Bonde(
)
Contingent aeoount
Accrued interest and taxes
Profit
1,200,000
592,089
320,623
surplus
98,976.191
1,046,304
64°i,409
1.267,000
220,669
19.462
1,239,912
„
265,822,577 250 061.774 243,422,916
PHILADELPHIA & BBADINO BAIL^yAY BALANCE SHEET JUNE 30.
TotalllablUties
1904.
Assets—
Railroad
Philadelphia Terminal
Philadelphia Subway
Equipment account
1903.
$
79,851,858
8,500,000
2,741,000
346.640
1,600.000
1,200.000
2,276,147
$
80,255,894
8,500,000
2,741.000
322,840
I,7u6,336
New f'hops, Reading
Read'g CO. pur. M. mtg. bonds l,2oo,00O
3,817,961
Cash
Freight and loll bills
1.453,051
Materials on hand
2.515,3.52
Railroad companies
1,815,315
Individuals and Urms
458,039
Phila. & Read. Coal & Iron Oo.
1,035,006
Insurance accounts
1,012,507
281
Bills receivable
853,^64
Miscellaneous
Total assets
Liabilities
107,777,147
—
l,940,a.'il
2,468.6.50
1,787,707
619.6-'3
106,393,093
102,254,"; 86
20.000,000
70,424,352
1.027,406
2,887.809
1,400,514
383.265
1,513.678
346,^40
1,200,000
20,000,000
70,424,952
625,106
2,386,516
1,210,038
383,460
1,482,832
Int.. taxes and rents accrued.
322,840
Wilmington & Nor. equipment
1,200,000
Reading Co., new shops
Insuiance fund, equlp'tfnpd,
subway sink, fund & mlscel. 2.733,040
Surplus
7,028,368
Sec.)....
107 ,777,147
701.323
326,109
20,000.000
70,403 952
628,156
2,5X1,807
l,549,4ftl
36'^,310
1,595,433
346,640
2,096,726
5,112,103
2,059,400
2,794,887
106,393,093
102,254,736
OEHEBAL BALANCE SHEET JUNE
CO.
1904.
Assets—
Ooal lands
Timber lands
New York and Eastern depots
Western yards and depots
Mlnerb' aLd other houBes
$
58,302,736
669,965
707,008
379,072
548,038
Potifvllle shops, real est., etc
369.667
889,124
Storage yards and waeherles
161,H63
"Other real estate"
Improvements at colilerlea
7,078,690
Equipment at oolUerles
2,302,468
Deadwork at colilerlea
3,711,477
Stocks & bonds of oo.'s eontroUed. 9,704,326
622,396
Cash on hand
500,627
Loans and blilB receivable
3,380,152
Ooal accounts
40.795
Bent accounta
Oompatiles and indivldnalB
469,279
1,779,979
Coal on hand
696,694
Supplies ii materials on hand
400,000
Dep)etlon of coal lands fund.
989,822
Stocks, bonds & morts. owned
,
,
,
,
,
1908.
$
60,014,896
669,965
70 ,002
618,012
5i8,Oci8
S6b»,667
381J.124
121,V88
7,078,690
2.302,468
8,711,477
9,746.073
961,945
1,000,000
2.8^9,194
S9.477
423,296
1.014,943
676,186
30.
lit02.
$
60,365,705
659,965
707,002
618.012
548,188
369,667
389,124
117,788
7,078,690
2,802.468
3,711,477
9.746,073
1.920,846
264,'^ll
840,354
1,581
4S7.2'20
356. ••90
6^2,249
2,03<',757
1,626,->16
2,033,666
924,864
93,094,170
97,276,054
93,668,5ol
8,000,000
Bonds (see Ry. & Ind. Section)... 1,360,000
79,123,888
Reading Company
1,128.453
Payrolls and youchers
l,ia6.855
P. A B. Ry. current account
Interest, taxes and mlsceUaneonB. 1,132,186
1,222,788
Surplus....
8.000.000
79,116.721
1,182,307
1.118,133
1,250.682
1,422.361
8.000,000
5.284.500
79,002,721
93,094,170
97,276,054
Total assets
Ltnbililies
—
Capital Block
Total liabilities
79, p. 270, 152.
-V.
OPKBATIOH8 AND FISCAL BEBULTB.
1904
1903.
1902.
5,18ti.O00
8,832
7,748
22iS,8l6
506,429
652,116
1901.
7,568
7.588
OperationsPass, car'd. No.
Pass, mileage..
6,261,471
677.940.496
Rate p pas. p.m.
5,524.198
4,796.746
635,865.533 634,777,136
1-73 ct«.
1-83 ots.
Earns, per pass.
train mile
Freight (tons)
$'•40
$1-33
11,135,896
carried
4,387.799
419,353.393
1-75 cts.
10,180,847
1-98 CIS.
«1 32
$1-23
8,769,934
7,156.813
Freight
(tons)
car'd 1 mile.. 3809.801 ,952 3862.242.993 3247.922.167 2383.63?.945
R'te p. ton p. m.
Earns, pwr fr't
train mile
0-74
0*77 eta.
0-75
Cts.
$1-88
79
ots.
$1-83
OIB.
Fr»iifht
Mall, exp.. etc..
$1-85
$
72,418.419
29,235, «2l
4,814,892
11,001,974
28.502.082
4,463,318
9,359,R22
24,199.428
3,914,104
8.0X3,370
18,983,146
3,788,648
Total earns.
46,469,132
43,957,374
37,503,054
30,865,204
16,149,578
14,045,460
7,372,408
5,873,163
2,*'60,877
6.642,165
4,864,651
2,568,351
32,256,027
28,120,628
Earnings—
$1-77
$
Expenses—
Cond'gtransp'n
Mam of way and
structures
,.
Maln.of eqalp't.
Oen.andmlsoel.
Total exp's.
Perot, of oper.
exp. to earns.
Net earnings..
Int.onderosltB,
bonds, &c
Total
Clae»lti 'nation
dlflerent
23,417,140
(63-97)
(69-42)
14,213,105
in
these years.
18,715,828
(62-44)
15,836.846
14,085,914
(60-75)
12,109,376
1,691,269
1,286,812
958,827
933,425
15.904,374
17,123.6:8
15,044 741
18.042,801
3,672,150
3.021.349
3,672,195
2,620,560
3,672.195
2,^41.297
3,799,165
2,382,388
347 225
127.976
646,131
4.''7,292
Deduct —
Int.&slnk. f'ds,
Inc div. on O.
AQRy. stock.
on deb. stk.
(nt.onl. g. bda.
Int.
Other interest.
Rentals
113,585
892 596
19,688
647.S17
(6)3,260,000 (^)3 250.000
645,8.''6
DIv. on com....(fl)5,070,'o6o (5Ja)4,647.600
Dlv. on pref... (4)1.352,073
(4)1,300,000
For st'mxhlp &
To
al
Balance, sorp.
1
(4)1,246,840 (4)1.222,606
530 000
150,000
150.000
150,000
14,238,168
13,149,696
3,973,962
11,981,664
3,063,077
11,928,341
1,114,460
pension fund
1.6t)6,206
^ This Is the miles operated at olOBe of year on which operations
given are based.
BALANCE SHEET JimE
2,079,764
1,634,706
1,8^1,127
1,597,439
903,756
700,990
464,645
real estate ..
Unpaid vouchers & pay-rolls.
BR, COS., ludlvlds. and Urms..
Interest and 'ents matured ...
& IBON
79.«5',868
8,500.000
2,720,000
346,640
1,213.187
772.899
Bond dimtga. on
Total liabilities
PHILA. A BEAD. COAL
«
490.^95
1,120.953
Stock
Bondp (seeRY, & Ind
1902.
1904 J
Thomas O. Shauphnps^y,
President, will
be found at length on pages 1027 to 1030, with the income
account, detailed statement of charges, balance sheet, etc.
256,822,577 250,06 1,774 243,42 2,946
& Ind.
of Sir
Pa-aenger
2,107,650
9,424,265
17,351,936
400.000
20.000,000 20.000 000 20.060,606
18,9^9.:^18 18. '45,318 19.102,835
80.000,000 20,000,000 20.000,' 00
8,000.000
8,000.000
8,000,000
51,269,488 51,269,338 51,241.301
79,llfl.7<!l 73,002.721
79,123,888
858,708
1,719,577
1,009,985
P.
Stock (see Ry.
The report
MlleBopera'dll.
M
bondP
Canadian Pacifle Ballwaj.
the year ended June 30,
(^Report for
15,583,971
73,003
.
Total
Detluct—
&
1900 01.
$
9,777,818
924,709
4,881 444
ReadlDKCo. expenAes
Reading Co. fixed
oharK<**, taxes and
Oen.
190102.
10,745,536
2S6,327
*
BeadlugCo. iDGome
Phlla.
COAL A IKON
9
11,836,^28
1,147,993
6,431,711
Phlla. & R. Ry... 13,790.803
Iron Uo. 1,2:12,490
Proflt Coal
Net
[Vol. I.X113L
(;hroni(::lk.
J'JIK
:
30,
1904.
1903.
j4 j?jfi/!ff——
%
%
Cost of road and equipment.... 256.665,689 242.769.210
Steamships & appurtenances . 11,909.120
11,771.133
Aoqtilrea seouritle- held
43.470.869
46.875,306
Real estate, hotels, etc
2,724,418
2.266.635
Due on lands sold town sites. 15,2.^2,309 13.914,480
Advances to railroads
1,035.841
660.358
Adv. to lines under couBtruo'n.
2.4l2,*i03
568,847
Materials and supplies
5,498.788
6,802.494
Station & trt^fflo balances, Ac.
6,412,382
4.918.698
Misc. securities and advances.
686,079
1,606.903
Due for mall tranport'n, &c...
2 6.6&8
245,106
Cash
11,741.703
12,172,612
&
Total assets
Liabilities—
1902.
fi
230.073,641
3.996,378
39,818.943
1,7?5 412
7,220,935
2,814,881
4,450,527
3,207,940
1,678,182
230,769
15.227,691
368,919,294
341,699,277
310.604,241
84,500,000
84,500,000
33.473.333
82,3S5,218
58.738,086
Current acdunts
7,7b4,097
loteiestand rentals
1.770,184
Subsidy and bonuses
30,673,283
Net proceeds of lands
41,160.444
Equip, replacement fund
582.937
Steamship replacement fund..
340,607
Surplus
17,561,046
32.500,000
67,2^2,353
61,738,086
7,153.477
1,772,071
30,829,109
37,119,661
588,548
65,000,000
7.624.162
81.i7i,000
63.532.416
63.668 086
5,911,700
1,780.566
2a.969,688
27,660,988
Common
stock
Subscriptions to new stock
Preference stock
Oonsol. debenture stock.
Bonds (see I^V^8TOBS' SUPP.)
Total liabilities
358,919,294
* In addition to the above assets, the
acres of land.— V. 79, p. 902. 679.
18,846,176
14,18S,635
341,699,277
810,504,241
company owns 15,082,674
Tazoo & Mississippi Talley Railroad.
C Report for the year ending June SO, 1904.
On pages 1081 to 1034 will be found the remarks of President
Fish, together with the balance sheet and detailed tables
regarding the operations of the year. Below is a comparative statement for four years :
OPERATIONS AND FISCAL BESULTB.
1900- ' 1
1903 04.
1901-02.
190203.
Aver, miles oper...
1 173
i.0»6
1.162
1,0
Passengers carried.
2,151.001
1.976,131
1,918.141
1,852,396
Pass, carried 1 mile 71,187,410 62,997,133 87,353,M6 55.347,046
2-4'< eta.
2 50 ots.
2-45 cts.
Rate per pan. per m.
2 45 cts.
R-v. fr't (tons) car'd
3,647.6^1
8,585,4'.i7
2,453,135
2,782.742
Rev.fr.(t'ns)oar.lm.599.538,760 604.659,803 476,644,147 489.184,635
0-873 ots.
0-972 cts. 083 eta.
Rateper ton per m. 0923 otB.
246
Train lo'd (rev.) tons
215
244
215
OroHs earns per m.
$6,707
$6,014
$5,800
$6,306
Earnings—
$
$
$
$
Freliiht,
6,^84,743
4,064,698
4,634,798
6,275,672
PiK-sengers
1,781,047
1,357,369
1,43-?,005
1,540.656
Mlecellaneoufl
704.876
552,646
530,563
513,767
1
98,668,681
Total
7,86«,335
7.830,085
6,587,365
6,127,942
.
.
THE CHRONICLE.
Sept. 17, 190i.]
1903 04.
9
Expenses —
Malnt. of way, etc..
Malnt. of equipm't..
Transp. and. geneial
190203.
$
190001.
$
983,556
501.711
2,272,599
300,356
1,428,422
889,229
3,436,936
341,031
5,673,160
1,656,925
39,792
4.704,936
1,882.419
47,752
4,068,261
2,069,691
3,5d8
I'^^e.ZTS
1,197,659
1,636,717
1,136,111
1,980,171
1,064,417
2,070,386
1,004,306
678,616
Total
NetearnlnKs
Other Income
30^,953
1,139,179
642,921
2,640,574
282.262
6,095,618
Taxes
560,606
865,754
1,C68,080
^''^'^i'Z'^l
Total
paid on bonds..
Int.
Balance, surplus
3,030,5?>1
BALANCE 8HEBT JDNB
$
1903.
*
57,326,944
65,638,780
1P04.
Asteti—
Road and equipment
Materials
1901 02.
*
1,575,749
763,907
and
Bupp Wa
£42,411
Company's b'nds
owned
Ineuancefund.
Pension fond
—
251,128
50,000
324,661
33,000
326.859
50,000
695
30.
1021
Capital Accouhts —The share capital has been Increased ny $650,'
000 of preferred stock, issued in exchange for convertible bonds can'
celed. The amount of stock per mile of road is $15,428 74. The
funded debt has been Increased by the issue ot $213,000 of
general mortgage bonds, and decreased $863,000 by underlying
bonds retired and canceled. The amount of funded debt per mile of
road is $17,824 49, on which the Interest charge per mile of road Is
$904 29. Bonds in the treasury or due from trustees, June 30, 1904,
amount to $5,357,000. Ot this amount $169,000 are ceneral mortgage 48, $4, iO',000 are general mortgaere 3 >«8, and $1,089,000 are
Milwaukee & Northern RR. oonsol. 68. These treasury bands r-^present actual expenditures for extensions, improvements, additional
property and underlying bonds canceled.
The comparative tables of earnings, income accoutit, etc, for
four years have been compiled for ttie Chronicle as foUowa
:
1B03.
1904.
OPEBATIONS.
Liabilities—
t
Capital stock.... $6,16-<,400
t6.1('.rt,4C0
B^jndefl debt
48,345,4-3
«
50,038,43/
514,441
fet liabilities...
Income applic.
to overdue int.
616,616
on Income bd a.
607,2rtl
Profit and loss.
251,127
Insurance fund.
5U,000
Pension fand...
tJ07,fl40
277.712
697,217
226.-,«.9
50,000
190304.
1902 03.
1902 02.
1900 01.
Miles oper, aver...
6,829
6,647
6,604
6,512
Locomotives
Passenger equlpm't
1,017
989
926
953
882
897
Equipmenf —
943
42,033
40,924
Freight & misc. cars
39,688
38,327
Operations —
9,752,419
9,586,801
9,158,957
Passengers carried
8,31».227
Pass, carried 1 m... 419. 157,387 413.2^1,190 384,944,875 341,643,592
2-317 cts.
2-3
2 309 Cts.
Rate per pass. p. m. 2-305 cts.
Ota.
21,304 638 19.885,'>73 18,010,683
I Freight ltons)car,d 21,267,370
t4021.755 t3,990,048 t3 639,977
JFr't (tons) car 1 m. t3,938,402
0-890 Cts.
0-865 Cts.
0-840 cts.
0-861 cts.
Rate per ton p. m..
.
Total..
—Y. 77, p. 712.
$53,170,486 $36,873,300
Total
$59,170,486 $66,273,300
Chlcsgo Milwaukee & St. Paul Railway.
^Report for the fiscal year ending June 30, 1904.)
President A. J. Earling says in sabstauce
Obhebal Rbsolts. —The year shows an Increase of $867,897
M
Average
:
In
gross earnintre, an Increase of $278,415 in operating expenses, and »n
Increase of $389,181 In net earnings. The earnings from freight trafBo
were$35,08l,76'»— 72-59 of total earnings— an increase of $^84,714,
or "82 per cent. The number of tons of freight carried was 2 ,267,370
—a decrease of 37,268 tons, or -17 per cent. The number of tons of
all agricultural proOnots carried was 5,103,182 tons— an Increase of
3-68 per cent. Asrlcultural products comprised 23 99 per cent of the
total tonnase carried, as compared with 23'lo per cent of the total
tonnage of last y^ar. The revenue per ton per mile was '8908 cents,
an Increase of 2-P 6 per cent. The earnings from passenger traffic Increased 1 26 per cent.
The operating expenses show an increase in expenditures for maintenance of 6qai;)ment of $757,949, for conducting transportation of
$1,767,547; for general expenses, including taxes, of $369,143; for
additions to property of $707,575, and a decrease in maintenance of
way and structures of $2,218,799 and in renewal and Improvement
The increase in cost of fuel for locomotives— $540,797— la due to an
Increase in cost of coal of an average of 14 29 cents per ton and to the
extreme severity of the past winter. The Increase in conducting
transportation Is also due to the large iLcreases in wages and to the
The average cost of reincreased cost of materials and supplies.
pairs and renewals of locomotives was $1,493; of paseenger cars,
The payments for labor directly em$531, and of freight cars, $38.
ployed were $19,5476,412, as compared with $19,238,978 last year.
The company has maintained the policy of charging improvements
and betterments to operating expenses and $7o7,575 expended for
additions to the property has been charged to that account
Additions A^D iMPaovBMENTS.— Lines aggregating 200-39 miles,
viz.: fiom Ashnale to Ebner, III., 1510 miles; from Muscatine to Rutledge, la., 7^'30 miles; from Zambrota to Faribault, Minn, 3347
miles; from Farasington to Mankato, Minn., 5548 miles; from Preston to IsiDours, Minn.. 4*46 miles, and from Woonsooket to Wes«ington Sprlugs, 8. Dak., 15 68 miles, which were under construction at
the close of last year, have been completed.
The reduction of grades on the River Division between La Crosse
and St. Paul and on the Iowa & Minnesota Division between Austin
and Rosemuunt has been completed, and the cost, $648,222, charged
to renewal and improvement account. The elevation of tracks between Pacltic Junction and Oragln, In Ohlcago, has been compiHied,
and the cost, $cih9, 3 9. charged to renewal and improvement arcount.
A portion of the Marinette Tomahawk & Western Ry.. extending
south from Gleason, Wis., 1260 miles, with a sjiur 6'65 miles, costing
together $i50,0oo, was purchased, and a connection with the Wisconsin Val ey Division has been formed by the construction of a line from
Otis to Oleason, 11-16 miles, at a cost of $7i,,^96. The second main
track on 9U miles of the La Crosse Division, which was under oonBtrnotlon June 30. 1903. has been completed. Improvements at our
(hops have cost $14f, 759, of which $1-Z7,664 was charged to capital
account. $14,979 to renewal and improvement fund and $6,116 to op1
erating expenses as maintenance.
Coal La.nds.— During the year the company acquired the title to 70
acres ot coal lands In Iowa and on June 80, 1904, it held the title to
1,180 acre* and the mining rights for 1,256 acres in Monroe and
Marlon counties in that Htate. During the year the company also aoqnired the miulng rights for 10,900 acres In Illinois, and at its
dose held the title to 347 acres and the mining rights for 27,32(i
acres in Bureau, Putnam and La Salle counties in that State. The
coal properties are being developed as rapidly as circumstances allow
and in the near future will provide a considerable part of the coal used
by the company. The line extending Into the coal fields recently ac
quired in Bureau, Putnam and La Salle counties, Uliuois. which was
under constrnctlon by the Rochelle A Southern By. Go. at the close of
last year,
has been completed.
KoLLiMO Stock. -There was expended for the replacement of 19
locomotives $l^4,^90 and for the replacement of 33() oars $244,4 37,
a total ot $428,717.
There were in freight service June 30, 1894,
27,715 oars, with a carrying capacity of 57i,574 tons, while on June
30, 1904, there were 41,424 oars, with a carrying capacity of 1,090,779 tons.
Capital ExpBNDiXDREi.—These have aggregated $5,527,173, viz.:
Locomotives and cats.. $1,854,341 Kan. City Belt Ry. st'k.
$10,000
New lines
37,500
1,325,400 Standard OlUoe do. st'k
Second main track
147,317 Ooal 0()mp,»nieB
330,871
Mlscel. impro'm'tH, etc. 1,149,585 Rochelle & Southern
Kan. Oily Un. Depot
By. Co
572,169
•took
100,000
Rknkwalb and I mpbovembnth.— The expenditures from the renewal
and Improvement fund aggregated $5,914, ii72, viz.:
Elevation of tracks
$443,520
$1,129,730 Change of gauge
3d and 4th tracks
146,224 Replacements on five
Beduclng grade and imbridges.
766,582
proflng line
78,696
2,644,299 Improvem'ts at shops
Eaoanaba docks and
MIsoellaueouq
168,461
terminals
688,871
.
244
$0 9124
245
$0-8478
$2 186
$7,077
$2-113
$7,171
254
237
$0-8704
S2-136
$6,906
$0 80
$2-04
$6,505
Includes narrrow-gaage equipment, t Three ciphers (000) omitted.
Revenue freight only.
BARNIHQS AND EXFBNSBS.
*
1
account of $i,10'5,000.
In maintenance of way and structures there was a decrease in the
following Uems: E adway, Sl.067,827; rails. $192.:-39; ties, $33,786;
bridges and culverts, $620,917; fences, road crossings, etc, 818.846;
The expenditures
buildings and fixtures, $276,713; various, $B,37o.
Include 4 ,627 tons of new steel rails, costing $1,221,437, against
40.900 tons, costing $1,144,681, in 1902-03; also, 1.119,369 new ties,
costing $6v7,093; against 1,280,043 new tie*, costing $359,115, in
1902-03.
Maintenance of equipment includes $5 19, 5»8 charged to
operating expenses to replace the loss of equipment during the year,
as against $iJc8,425 charged daring the previous year.
rev. train
load (tons)
Earns, p pass. tr. m.
Earn, per fr't tr. m.
Earns, perm, of road
X
1903-04.
Earnings—
1902-03.
1901-02.
1900-01.
$
Passenger
9,661,633
Freight
.36,081,759
Mail, express, etc.... 3,586,942
$
$
$
9,542.201
34,797,045
3.323,491
8,918,966
33,516 812
3,177,316
7.939,216
31,357,992
3.071,804
Total earnings... 48,330,335
47,662,737
45,613,124
42,369,012
7,219,136
6.505,864
3.024,725
13,932,064
814.951
1,341,390
62,253
1,185,000
1,111,256
Expenses—
Main, of way & struo. 5,
5.128,249
,651.783
Maint. of eqnipm't.. 4,
Conducting transp'n.lS
3,597,343
Oeneral expenses
1 ,190,907
Taxes—General
1,
,600.732
Taxes— U. 8. Gov'm't
Renewal & imp't aco't
7,347,048
3,893,834
16,829,796
952,309
1.470,115
72
1,105,000
Additional eqnipm't..
Add't'ns to property.
3,363, (S96
14,881,635
857,367
1,351,578
48.583
2,475,000
707,575
Total expenses... 31,876,590 31,598,174 80,196,895
P. 0. op. exp. to earns.
(66-20)
(65-96)
(66 30)
Net earnings
16,453,745 16,064,563 15,416,229
INCOME ACCOUNT.
1902 03.
190304.
$
$
27,977,603
(66-03)
14,391,509
1901-02.
1900-01.
15,416,229
434,315
14,391,509
174,683
Total net income. 16,770,176 16,574,594 15,850. .544
6,051,776
6,101,335
6,210,086
14,566,192
6,383.035
Receipts—
Net earnings.Other income
16,468,745
316,431
16,064,563
810,031
Interest on debt
Balance for div.. 10,718,401
Dividends—
xOommon
10,473.259
9,640,458
8,183,167
4,072,841(7)4.072,873(7)4,072,873(6)3,08^.912
xPreferred, 7 P.O.... 3,368,379
3,349,388
3,259,403
2,998,181
(7)
Total
Balance, surplus
7,441,220
3,277,181
7,422,261
3,050,998
6 088,093
2,095,064
7,332,276
2,308,182
X Out of the surplus of $10,718,401 for the late fiscal year the company paid its April, 1904. dividends of 313 per cent on common and
preferred stocks, and will also pay the October dividends, these making the 7 per cent above shown paid on both stocks from the earnings
of the year.
OEMEBAI. BALANCE SHEET JUNE 30.
1904.
Assets—
Road and equipment
Bonds and stocks owned
Due from agents, etc
Due from transportation
1903.
1902.
$
9
240,075,053 235,610,737 228,731.116
4,967.679
3,911,425
2,2^2,122
882.872
948,265
633,136
oos.^
and miscellaneous balances
...
Due from U. 8. Government
MaerUls and fuel
Bonds of company on hand
bonds in treasury ...
Renewal and improvem't fund.
Mil. it No.
Sinking funds,
Cash
Insurance fund
Total assets
Liabililies—
Stock, con.mon
Stock, preferred
2,016,769
411,536
4,108,561
4,268,000
1,089,000
4,660,387
889,265
5,840,328
10,000
1,754.662
368,005
4,65S.723
4,056,000
1,089,000
5,054,246
951,299
8,600,598
10.000
1,319,856
862.192
3,996,818
3,922,000
1,089,000
4,680.329
7(-6,555
15,550,562
10,000
269.219,440 266,906,961 263,303,586
58,183,900 68,183,900 68.183,000
48.374,400 47,724,400 46,682.400
(see Supplement). 123, 104, 500 123,754,500 124,790,600
Sinking funds
763.646
836,358
898,390
Rolling stock fund
113,350
95,0,52
185,923
4,680,-^29
Renewal and Imtirovement fund 4,660,387
5,050,266
Pay rolls, vouchers, due transportation cos and ralscell'ous.
4,547,972
4,895.654
4.299,495
2,853,520
Interest accrued, not due
2,805,148
2.774,«08
Income account
26.799,572 23,409.6.52 20.682.069
Funded debt
269,219,440 266,906,961 263,803,686
Total liabilities
78, p. 1274.
-V.
St.
Lonis
& San
FrauciBoo Railroad.
f Advance statement for the year
The
0» ling June
SO, 1904. J
&
Eastern
reenlts on the system (including Chicago
Illinois and leased and anxtliary companies) tor the year
ending June 30, 1904, flnt>ject to slight changes and adjustmenta, compare as follows:
THE CHRONICLE.
1022
1903-04.
A
$33,013,358
$12,363,089
Net exrnlnf^B from operation
Other Inooinw
Dlv. received on O.
lAOa-OS.
f35,5B0,774
21.197,685
OrosB AaralDRS
Oiier»UnK eipenBCS
20,l88.ft6«
4l2.!<13
Total net iDOOme
Deductions —
Interest on b<n<1a and eqnlpment notes
Rental of leased llne§
Taxeo
Rentals of trackn and terminals
Flood aorount, June. 190t
Onaranteeddlv. onO. <b E. I. trust oertfs...
911,821,794
508,970
See below.
E. IlllnolH stock
xU07,l32
$12,775,402
$12,940,896
$5,681,213
2.831,891
715.300
319,268
61,813
1,131,622
$4,812,761
2,938.389
622.322
98,774
Balancefor common stock, etc
$2,034,294
(4)200,000
(4)610.000
Hee below.
$3 579,428
$1,896,776
(4)199.742
(4)640,000
Eantern
div'(3end rate on the stock of the Chloago
Illinois beitDg now the same as the Interest rate on the 'Frifoo
San Frantrnst certlfipafps issued therefor, the St. Lonis
cisco in 1908-04, in order to simplify the accounts, merely
charged itself with the interest on all the trust certificates
issued or iitauable for the entire capital stock of the E .stern
Illinois, eliminating entirely the items marked with an "i"
in the statement for 1902 03 above, viz.: "Dividends received
&
Illinois stoek" and "dividends
Illinois stock," -V. 79, p, 968, 904.
on Eastern
paid on Eastern
American Smelting & Beflning Company.
full text
839,808, of
which
i
14,047,423
is
in
cash.-V.
of the operations for the fiscal years ended
1903-04.
79, p, 153.
American Locomotire Company.
{"Report for the year ending June 30, 1904.)
President Albert J. Pitkin says in substance:
Gksbkai, Results.—The frross earnings were $33,068,751, a decrease of $36,974, and the expenf as were $27,404,985, a decrease of
$647,329 from those of 'he orevlous year. The expenses Included a
depreciation charge of /"O per cent of the book value of patterns. drawings, tt^mpiets. Iron fl isks. formers and dies. There Is a further ohorite
of *1. 101. 29 ^ for additions to property. The aggregate charge for
renewals, betterments and new property Is greater than a fair depreciation charge
After paying the Interest on the bonds of constituent companies,
namely. *75 125, r,h« Interest on mlsoellaneou<) outstanding ubli'gatlons, $163,101, and th« dividend of 7 per cent on the preferred stock,
namely, $1,75(1,000. there remains a surplus of $3,67.5,539. Out of
this surplus the directors have created an "extraordinary betterment
and Improvement fund" of $1,000,000 for the purpose of completing
eertalu ra'tloal ber.terments and additions which are deemed necessary to eco'iomioiil operation.
Additions, Etc --Additional land, new buildings, machinery and
tools to the value of $1,101,299 have been paid for out of the earnings of the period. ThlH sum. added to the aifgregare expenditures of
$3,256,580, slmlurly fllshursed in the preoedlog two years, makes an
aggregate outlay of $4,357,829, all of which has been paid for out of
the yearly Income. There have also been he«vy outlays for replace
ments and betterments, which should make it possible In the near
future fully to maintain the property at a smaller average annual expendltuie
Working Capital —Notable progress has been made in the accumulation of a larger working capital. A.fter deduotlocr $980,o,S8 in
partial payment of ihe seonrltles of the Loc 'motive & Machine Oo. of
Montreal (herelna'ter referred to), the convertible cash assca amount
to $12,215,720 and the current llablUiies to $2,892,34 ', leaving a net
working capital of 89,32.^,370 as compared with $6,7M.714 excess of
assets on Jane 30 1903. and of $4,998,916 on Jane 30. 1902.
Canadian Branch.— In order to pro eot the company's Important
business relations in (Canada, control of the Locomotive & Machine
acquired on March 31, 19^4. The AmerCo. of Montreal, Limited,
ican Locntnollve C > owns the euilre capital st ok and $1,000, Quo out
of a total iHHue of $',500.ooO of the first mnr'gage 4 per cent bonds.
The new locomotive bnllding plant, situated at Longue Polnte, near
Montreal, Includes fourteen capacious shaps, all of tne must modern
type
ATLANTIC Equipment Co. -It is the intention of the directors to
broaden the scope of the company's operations as opportunity may
offer. Thus may be mentioned the manufacture, under agreements
with the owner of th^ patents, of the Atlantic st»-am shovel, a machine
of greater dlgulni; capacity and better mechanical construction than
any similar Implement. The sale of this product and of other manu.
facturlni; speoialtltis. Including rotary snow. plows, high power dredging njaoblneiy, small second hand engines for mining, p'anta'ion and
oontractorn' ur-e, Is negotiated by the Atlantic Equipment (;o a new
oorpi ration, the entire capital stock uf which is owned by the Ameri-
wm
,
can Locomotive Co.
Electric Locomotives— During the past year our mechanical and
have been in freqaent consultation, not only as to
the general problem of the possible future application of electric
t-urfuce ralroads, but also in regard to a specltio proppower to eteam
osition for »n electric locomotive suitable for use In the suburban
After much study and in cotraffic of one of the ureat irui k lines
operation with the (General Electric Co.. agreements have been entered Into (or the mannfaetu'e of thirty electric looomotives. to be
d( Uvered by 1906. The American Locomotive Co. will constrnot the
electrical englDCerc
meobaiiical partH of the locomotive, the General Electric Co. supplying all the electr'cal apparatus.
Octlouk —While much gratified that the financial results of the
year have equaled thoa« of the twelve montlis preceding. It 1« proper
1907-03.
(12 mo*.)
(12nto».)
1901-02.
(12ia mot.)
Gross earnings
$33,068,751 $33,105,725 $26,398,394
Mannfacturing, maintenance and
administrative expenses
27,404,985 38,052,315 23,291,217
Net earnings
$5,663,766
$5,063,410
238,226
248,157
105,865
Available for dividend
$5,425,540
Dividend on pref. stock (7 p. c). 1,750,000
$4,805,253
1,760.000
$3,001,312
1,750,000
Surplus
Additions to property
Extr'y improv't and bet. fund..
$3,055,253
1,142,932
$1,251,312
1,027,077
$1,912,321
$224,235
Interest on bonds of constituent
companies, bills payable, etc.
. .
$3,675,540
$2,675,540
CONDENSED (}ENERAL BALANCE SHEET JUNE
1901.
....
Ac'it's receivable.. 6,9!'4 36i>
Mttter'l & HUpplies 1,12S.018
Contract work y... 1,739,067
American p
Locom. [ ^om.
t
45,672,8fl0
1.024, 4M3
"
2,114. z»o
1.0tf>.lH2
8.593 409
3.10'»,497
8,6-<
7.107
)
200,000
200.000
Uahmtiet-
Common
26 .001 .000 26,000.000
.
bet.
60,516,945 60.324,^89
1908.
«
s'ocb
Preferred Bt'ick...25 .000,000 26,000,000
Bondo of constitn
eat compaaies. .zL S12.Sf)0 1.512,600
Accounts pajible 1, ^04.593 S.822 112
Bills payable
650.01
3,416,000
Unclaiiuea in'er'st
258
Dividend payable
In July.
437,500
437,600
Bztr'y impr't and
Profit
Total
30.
1904.
1903.
Asteti—
%
Coot of DTOp'ty..x46,571.705
Securities owned. a 2,229.620
$3,107,177
1,000,000
,
Balance
Cash..
f Report for year ending April 30, 190^,)
of
he annual report will be found on page
1041. Special attention is called to the fact that quarterly
dividends at the r«te of 5 p. c. per annum were begun
during the year on the common stock. Notwlthstandinff two
such distributions, amounting to |1, 250,000, the surplus for
the year exceeds that of thp previous year by $45,834. It was
noted last year that the management of the company was
able, notwithstacding the increased business, to decrease
the item of interest, taxns and general expensps by about
25 p. c. These expenses have again been decreased this last
The company has no floatyear $354,000, or about 35 p. c.
ing Indebtedness and such bonded debt as was taken over
from the constituent companies at the time of the organization is beirg reduced as fast as the terms of the bonds will
permit. The company now shows undivided surplus of |6,-
The
A summary
Jane 30, 1904 and 1903, as compared with those of the twelve
and one-half months ended June 30, 1902, is as follows:
x842,9lO
&
The
company oonld not hope to malotain ancheoked soeh
an exceptional volume of business as that which it lias received daring the pant three years. In onmmon with nearly all buslDess intere«t», the comi)»ny will doubtlenH snffer an Important contraction In
the extent of Its operations daring the fiscal j ear upon which it !
now entering. All slyns point to snch a proBpeetWe decreat-e; yet the
outlook Is by no means discouraging. It is. however, fir Jant saeii
Hcasons or contraction that the officers have earne«tly been striving to
prepare, and their confidence in the company's future remains unabated.
to aay that the
889,222
$1,194,294
Balance for dividends
Dividend on 1st preferred stock
Dividend on 2d preferred stock
Dividends on Chic. <& East IlllDOls Stock
[Vol. Lxxix.
fond
and loss....
Total
1, OO^.fOO
4. (!l2,09t
8.190.Be«
60.216,94.5 60.824,488
a Includes $900,000 Am. Loc. <^o. pref. stock: Rich. Loc. & Macb. Works Co.'s
bonds, $118,000; Loco & Mach. Co. of Montreal stock and bonds. $9S0,037; sundry securities, t23l.48t.
V >25o.i 00 each of common and preferred held in t'ust.
X Including all the capital stock of the Richmond Locomotive Works. Manchester Locomotive Works and American Locomotive 0". of New Jersey.
y In course of construccion (based ujon exact charges as the wors proceeded)
z Bonds assumed. See full description in V. 76, p. 609.— V. 78. p. 2387.
Consolidated Gas Company, New York City.
(Balance Sheet of June SO, 1904.)
The application to the New York Stock Exchange for the
listing of the $20,000,000 convertible 6 p. o. debenture bonds
of 1909 enables as to make the following comparison:
BALANCE SHEET JtTME 30.
1904.
$
<4s»ef»—
Plant,etc
Cash
Accounts
1903.
$
47.188,465
1,166,486
&
46,906.168
960,061
3,724,738
1,7C 8,225
bills
receivable.
Materials and
supplies
697,015
Stocks aod bonds
of other companies
54,681,009
667,573
1S04.
$
Capital Slock.... 80.000.000
$
Bonds
Bonds A mtees..
1,450,000
dep'ts
Accts. and bills
"56.306
5.016.3R9
310,703
11.886.471
823.532
18,804,385
15.864,070
Centum '»
payable 4 accrued cha'ges.
ln>ur. fund. etc.
68,276,929
1903.
72,917.759
l,46l,OnO
15.000
662,114
).^.000
Snrp.. iucl prem.
reallztd n cap<
ital
Total
-V. 79,
..
106,852,703 102,518,916
stock
Total..
..106,352,703 102.618,»46
p. 969, 929.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDINe STREET ROADS.
American (Electric) Bailwaya.— Ufpor^—The statement
for the fiscal year ending Jane 30 shows gross receipts of the
controlled compinies $1,406,965, against $1,245,298 in 1902-03
and $1,1 09,496 in 1901 02. The resalts for the American Railways are as below :
Beceiptt.
Expenset.
Tear.
Bond int. D<F.r6p.«) SHTflut.
$4«d,196
$r>o,3-4
$234,180
1908 04
$122,400
$36,282
1^02 03
423,028
99,429
223,774
48,907
50,918
—V
79. p. 680.
& Santa Fe Rj.— Consolidation and
Lease of Subsidiary Lines,— The shareholders will vote at
the annaal meeting on O^'-t. 27 on the following propositions,
chiefly looking to the anification of the system
(a) To ratify leasee to this company of the Eastern Oklahoma By.'
the Oallfornli Eastern Ry. and the Southern Ca'lfornla Ry.
(b) To oontlrm the Hale and oonveyanoe to tbln company of the Eastern Oklahoma Railway and the Montgomery Oonnty Railway, and to
approve the execution of an agreement for ihe purchase of the
Atchison Topeka
;
Southern California Ry.
(o) 10 oontlrm the purchase of the capita' stock of the Cane Belt
RR., Us aggregate length being aboat 10 1 miles.
Compare V.
-V. 78, p 1496.
& Eastern Rj.— Receivership.— Arthnr
77, p. 2097, 2338.
ChiCiigo Indiana
W. Howard of Cnicago, the holder of a pas'-dae note for
|12,500, applied to the Doited States Circnit Coart at Chicago on Sept, 13 for the appointment of a receiver on the
gronnd of insolvency, there being a floiitiDg debt of over
V.
$150,000. The company admits the material allegations.
—
78, p. 286.
Chieaffo
Company's
Bnrk Island & Pacific Ry.— Dividend on Old
Stock, — The old railway company has declared a
Thedistrihntions since
21.^ p. c. payable Oct. 1.
the Rock Island Company acqaired control have tjeen at
irregular intervals, viz.: la 1908, Jan., 43^ p. c ; Aag,, 1^;
Oct., 2 In 1904,, Jan,, \}i\ April, 8; July, 1^, and now>
diviot-nd of
Oct., %}i.
—
:
Sept.
THE CHRONICLE.
17, 1904.]
Bonds Offered.- J!f. W. Harris & Co. offer, by advertisement on another paj?e, $1,000,000 of the cotepany's issue of
eeneral mortgage 100-year 4 per cent gold bonds, secored by
a first lien OQ 3.138 miles, subject only to $12,500,000 first
mortgage 6 per cent bonds, dup 1917, on 736 miles of same.
Of the total authorized issue of $103,000,000 general mortgage
to
4s $61 581,000 are outstanding and $12,500,000 are reserved
retire 'at maturity the 6 per cents; the remaining escrow
bonds will, as issued, be depositea under the mortgage securing the new refunding mortgage 48 of 1934 —V. 79, p. 151.
Cbicaeo
& South Shore
Electric Line.— New Control—
having acquired control, O. D Mallory of
Batavia, III., has been eleced President; R. L. Hrjnry of
Chicago, Vice-President, and A. M. Hews of Chicago, Secre
tary.-V. 78, p. 1167.
Chicago Terminal Transfer BU.— Proxies Asked.—The
shareholders' protective committee, in a circular, refers to the
great value of the company's terminal facilities and the
marked 'improvement in the value of water frontage on the
Chicago River, owing to the draining and widening of that
river, upon which your company owns 7,500 feet, or nearlj
1^ miles," and expresses the belief that in the widely distributed holdings of the shares the ownership is not properly
New
interests
represented in the management of the company. "It is desir
able that shareholders should be fully advised as to the existing leases and possible new leases," and to that end it is requested that proxies for use at the meeting on Oct. 12 be sent
to William W. Heaton, No. 6 Wall Street.—Compare V. 79,
1023
STATEHENT FOB HALF-TBAB ENDING JUNE
Gr"88 earnings
Operating expenses
ITet
earnings
$1,008,419
. . .
546,973
30, 1904.
Interest and taxes ..
$260,411
Prefenert dividend.. (2 V%) 62.500
dividend ..(3%) 138,000
Common
$461,446
Balance, snrplas.
$535
The statement of the Louisville TractiOQ Cii. is
Received from above dividends on Louisville Ry.
5' 0;
dividend paid on
as follows:
stock, $200,Traction pr^-ferred stock (2>^ p. c),
J62 500; dividend just declared on common stock (1^ p. c),
$187,500; balance, surplus, $500.— V. 79, p. 968.
Metropolitan Securities Co., New York; Citj.— Purchase
of i^yndicate Stocfc— Following is the circular calling on the
members of the syndicate which underwrote the $10,000,000
stock at par to deposit their certificates with the Morton
Trust Co. In return for $50 a share in cash, being just the
amount, 50 p. o., thus far paid up:
CONFIDENTIAL.
vbares in the parctaase of MetroReferring to your interest of
politan Seouritiee stock alloted to you in- accordance with the letter of
Messrs. Knhn, Loeb <fe Oo under date of Ang. 21, 1902, you are hereby reqaested to deliver the Btook (or the Morton Trust Oo receipts for
the same) to the Morton Trust Co., in retorn for whtoh you win receive
cash to the amount of your paid eubsoriptlon: say $50 a share Fieaae
note that the syndicate rt^mains in full force. In aocordttooe with the
terms of the original agreement and the modified agreement of July
,
23. 1903.
The meaning of this move is not disclosed, thoagh it is
claimed by some to concern merely the management of the
syndicate.
Official
Statement.—Thom9k% F. Ryan on Wednesday issued
rumjr that the control
p. 967.
the following denial of the
Cincinnati Hamilton & Dayton Rj.— Guaranteed Bonds.
—See T< ledo Riverside Ry, on page 968 of last week's
rompany, with its dependency, the Metropolitan S'^reet
Ry. Co., had been or was about to be sold to the Interborongh Rapid Transit interests:
I have rf trained from denying the many false rumors regarding Met»
Chronicle
Ch'n ga in Tracknge Rights to Detroit.— ^qq Michigan CenRR. below.— V. 79, p, 902, 786.
tral
Cleveland (incinDati Chicago & St. Louis Ry.— Trackage
Rights to Toledo and De<?-oi<.— See Michigan Central RK.
below.-V. 79, p. 911, 899.
Dalnth Sonth Shore & Atlantic Ry.— JRepori.— The
for the fiscal year ending June 30 were
results
:
Orots.
Tear.
1903 4
1902-3
Ifet.
0th. Inc.
Int.
£
Taxes,
Balance
«2,524,612 «776,156 $11,484 $1,070,091 def. S2o3,«61
def.31,204
14,665
1,059,914
2,772,135 1.014,045
1221.
-V.77, p.
East Louisiana KR.—Sale Pending.- Negotiations are
pending for the sale of the control of this road to the Great
Southern Pine Co., of which Frank Goodyear of Buffalo, N.
President —V. 72, p. 87.
BR Lt^ied The New York Stock Exchange baa
listed $1,000,000 additional gf'neral lien 4 p. c. bonds of 1996,
making a total of $85,885,000 now on the list. The new
bonds were sold to pay for rolling stock purchased since Dec.
81, 1897, at a cost of $780,444, as follows:
Ninety refrleerator oars, $92,7S9; 25 locomotives, $404,931; 10 ten-wheeled looomo lives, $157,762; 184 flat oars, $107,432; part payment 2 fltty ton wrecking cranes, $17,&80.-V. 79, p. 900, 212.
Y.,
is
Erie
—
—
& Terre Haute RR.— Uaua'.
p. 1294.
Hoching Yalley Ry.— iZeporf.-The results for the year
ending June 80 were
:
Net {ov taxes.) Olh.inc.
1903-4. ...$5,7:^.-, 482 $1,872,863 $5.'i0,901
1902-3.... 6,049,698
2,211,172
686,861
Year.
Oro$8
Charges.
Bat
for div.
$1,01m,»71
1,093,935
$1,40*.793
1,804.098
From the balance, as above, were paid dividends of 4 p. c.
on preferred in each of the years amounting to $570,200 in
1908 4, against $560 000 in 1902-3, and 3 p. c. on the common, $330,000 atiainst $821.!^24, leaving a balance surplus of
$504,593 in 1903-4, against $9^2,774. -V. 78, p. 2441.
Central RR.— Called fionds.— First
mortgage bonds aggregating $175,000 have been drawn by
lot and will be red^emtd at 110 and interest on presentation
at the company's i£oe in the Equitable Building, this city,
interest ceusing Nov. 15. See advertisement on another page
of to-day's Chronicle. -V. 78, p. 2884.
flooBton
ropolltan Securities which have been circulated during the past few
months, except in the oas'^ of inquiries by bona fide stockholders, to
whom I have always made prompt replies. Bat the papers of this
morning have been Imposed upon in such a glarloi; maiiaer, evidently
by persons knowing their statements to be false, thut I feel it my duty
to the stockholders of the Metropolitan Securities Company to say
that neither I nor any one repres^ncing the management of the company has given an option to any one on a muj irlty or any other
amount of its stock, or knows of any such pr^jioc, and th -it no one
with the authority of the management has entertained, or will enterfain in the future with my consent, any propositi >n for the control of
the company which does not give to every stockholder an eqaal opportunity of participation.— V. 77, p. 824.
Mlcliigan Central RR.—New Trackage Arrange me %ts.—
The trackage agreement maintained for many years between
this company and the Cincinnati HamiUon & D*yton for
through passenger service between Dntroit and Cincinnati, a
distance of 262^ miles, was recently terminated. This route
included the Michigan Central from Detroit to Toledo, 593;^
miles, and the C. H. «fe D. from Toledo to Cincinnati, 208
miles. On Sept. 4 the through trains of the Michigan Central RR. between Detroit and Oincinnai b-igan ru'ining via
the Cleveland Cincinnati Chicago
St. Louis Rv. [Big Four]
route, the latter companv having effected a trackage arrangement with the Hooking Valley Ry. for the U'^e of the latter's
tracks between Toledo and Carey [5) milee] giving the Big
Four in effect its own rails betw-en Toledo and Cinoianati.
This arrangement is in accord with the policy of the Vanderbllt interests to unify thoroughly their various prooerties.
Three through trains will be operated daily between Detroit,
Toledo and Cincinnati. The distance via the new route is
271 miles, of which 221 miles is over Vanderbilt lines, against
591^ miles by the old arrangement.
For its Detroit business, the Cincinnati H-tmilton & Dayton
Ry. Co, will hereafter use its own line from Cincinnati to
Toledo, 203 miles, the line of its controll»-d company, the
Pere Marquette RR. Co., from Toledo to RimuluH. 47 miles,
and from D-lray to Detroit, 5 miles, while from Romulus to
Ddlray, 15 miles, it will use the tracks of the Wabash RR.
Co,, making the total distance from Cincinnati to Detroit
about 270 miles.— V. 79, p. 153.
&
,
Preferred Divi
dend.— From the surplus earnings for the fiscal year ended
June 30, 19U4, there has been declared the regular annual
dividend of 5 p. c. on the preferred stock, payable in two in
stalments, viz.: 2% p. c. on Oct. 15, 1904, and 2% p c. on
April 15, 1905, to holders of record on Sept. 24, 1904. -V. 77,
EvanSTllle
of the
& Texas
<
Inter borongh Kapid Transit Co.— Agreement Signed.—
The three-year agreement fixing the wages of the Subway
motormen at $8 60 for a ten-hour day was signed late on
Sept. 9 by the national officers of the Brotherhooda of Locomotive Firemen and Locomotive Engineers. The Amaiga
mated Aseociation of Street & Electric Railway EmployeeM,
whose agreement with the company expires March I, 1905,
was
t)Ot a party to the new contract.
Exprets on Elevated,— See United Express Co. under "IndustnalH" below.
Description of Svbveay Road.— Set* illustrated articles in
•'Riilroad G^Zdlte" of Sept. 16 and "Engineering Magazine"
for September.
Mr Ryan's Denial. See Metropolitan Securities Co. below.
V. 79, p. 968, 903.
—
LonisTille Traction Co.— Ftr«f Dividend on Common
Stock, —Ihfi directors on Sept. 11 declared a first (-emtannual) dividend of l}4 p. c. on the $11.000, 000 common
stock, payable Oct. 1 to holders of record Sept. 10,
Earninya.— The Louieville Railway Co., whose capital
stock ia owned by the Traction Co., reports aa follows:
Minneapolis St. Paul Sc Sanlt Ste. Marie Ry.—New B(mda.
N«-w York Stock Exchange has been requested to list
—The
$2,240,000 additional first consol. 4s of 1938,
listed $29,055,0 JO.— V. 79, p. 103.
maKing
the total
Missonri Pacific RF.—/wpor<a»t Aliiance.SeQ Western
Pac fie Ry. below.— V. 79, p. 786.
Mobile & Ohio RR,— Report.— The results for the year
ending June 80 compare as follows
Oar trusts, Bal.for
Fiscal
Oro's
Net
Other
Int. and
iin/trotedirtyear,
earnings, earnings.
iticome.
rentals, mtnls.ctc. d^nds.
1»03 4.$7,7J», 06$^3^9,796$12a.o;j0$l.b 7,5^7 $-61. »» $,1J3,438
ltfO'2-3.
7,486,980
2,275,809
102,130
1.630.063
334.6.'i0
412,675
Dividends of 2 per cent yearly call for $121, 4i2 in 1903-4,
ai^hiost $107,412 in 1902-3, 1-aviug a balanc, surplus, of
$212,026 in 1903 4, against $305,213.— V 78, p. 1392
New Orleans Railff &3S.—Rtports The annual report will
not he issned until the end of the fiscal year, Dae. 81, 1904.
V. 78, p. 1275.
Pliiludelntiia Baltimore & Washington RR.— Listed.—
The New Y irk Stock Exchange has listed $10,570,000 first
mortgage 4 p c, bonds of 1943.
Earningn For the half-year ending Jane 30
—
—
halfyear.
l9Ui
Gross,
earnings
$r,,.>>7-/,749
Other
income,
earnings,
$1,472, .i8 9i2t>,ti22
Dividend Balance,
ded net's, on stock, surplus,
$47.>,U8« $lt)U,;N^ 93ai,8»l
All
1.719,260
at)ove Include, in addition to the regular
fixtd charges, the sam of $278,156 rentals patd.roads operated
on the basis of net earnings.- V. 79, p. 370.
190<*
6,624,011
:
Net.
The deductions
THE CHRONICLE.
i)'U
PhilHdeiphia Rapid Transit Co.— Sa^e of Holdmga of
Elkmn's f^ata^e.—Thrt executors of the estate of William L.
Elbins hav»< dispoeed of Its entire boldlogB in the stock of this
compHnv, amonnting to abont 50,000 shares, of par valae $50,
palfl in ^15.
The fical 8^,^00 shares were placed by Gt^orge
H. Hahn & Sons and Wolf Bros. <& Co. with a syndicate
including George D. Widener, John B Parsons, George A.
nuhn, J. J. Snllivan and Michael Murphy rf Philadelphia
and Thomas F. Ryan of New York. Elwin Wolf says
Thp nierltd of Philadelphia Rapid TrsoHlt are so well nnderBtood In
New York that we mliibt jast as easily have disposed of 160. OuO
oharex as 35.000 or 50,000. The latKO holiierB of this 8t< ok expect
thitt there win be $1.'^ a share more oalled In Instalments of $5 each.
This will provide ¥9,000,COO. which, It Is bellt ved, will be ample for
the comple'lon of the BQbway and elevated roads which have been
:
Sierra
[Vol. Lxxix
Railway,
California.— Bonda
.^uf /ionized.— The
shareholders voted on Sept. 7 to aulhorize the ietue of
$860,000 40 year 5 p. c. bonds to retire the existing second
mortguge bonds and to provide for improvements. Compare
V. 79, p. 270.
Vera Crnz & Pacific RR.— Sale of Bonds.- Subject to the
approval of the Court, the receiver of the Maryland Trust
Co. has sold to Speyer & Co. the issue of |6, 000,000 i]4 p. c.
bonds, guarsnteed principal and interest by tt^e Mexican
Government, at 88^. The mortgage i^ for |7,000,000, of
which $1,000,000 is held for improvements. See full particulars In V. 78, p. 1963, 1783.— V. 79, p. 735.
Wabaoh-Pittsborgh Terminal Ry. Co.— Acquisition.—
See Wabish RR. below.— V. 78, p. 2443.
planned.— V. 79, p. 968.
The Wabash-Plttsburph
Wabash RR.
Acquisition.
Pitthbnrgh Shawmat & Northern ER.— flfi^ort.— The
Terminal Rv Co., whose entire share capital is owned by the
refults for ihe year ending Jnne 30 were
Gross.
Net.
Charges.
Bat def. Wabash RR Co., has purchased a majority of the |14,000,0C0
Year.
Olh. inc.
1903 4
$2Ul,148
$L^3,49K capital stock of the Plttf'burgh Terminal RR. & Coal Co. and
$8i3,2<^8
$156,092
$11,558
1902 3
680,796
247,358
341,695
74,483 will take possession of the property on Oat. 1. The terms of
19,764
—
—
:
,
-V.
79, p 681.
Pitti-biiigh
Terminal RR. & Coal £o.— Change in Control
— Option to Minority Stockholders, — See Wabash RR. below.
—V.
78, p. 703.
& Charleston Rj.— Listed.— The
Stock Exchange has listed the $6,000,000 first
mortgage 40 year guaranteed 4 per cent bjnds of 1948. V.
Pltt»bargh Tirglnia
New York
—
79, p. 5(1, 153.
Ry.— Prppo.sei New Line
Brownsville & Hexico
—St.
Hortgagc—The shareholders will
Loais
vote on Nov. 15 on tLc
foUowiLg proposition:
(1 ) To authorize the execution of a contract for the construction of
a road from Rnbsrown to Slnton and Bay Cltv, a distance of 142 miles.
To authorize a Qrst DO ortga^e to secure 5 percent eold bonds
(2.)
not exceeding an aggregate of $4,000,000 to be Issued at the rate of
$7,000 per mlln npon the company's line of railroad from Robstown to
Brownsville and the Hidalgo branch, and also of a continuation of Its
said lines from Robstown to Slnton and Bay Cl'y, al8i> upon the contlnnatlon of ihe branch of the company's authorized branch to Houston
and from a point on said main line wliUn ft miles of Chenango to Oal-
Teston.
purchase are private but the same price, currently reported
at $21 80 per $100 share, is offered to the minority shareholders. The Pittsburgh Terminal RR. & Coal Co. embraces
a belt line extending from Pittslrurgh to Clairton. Pa., 20'6
miles, and Banksville Jot. to Banksville, 2 miles, with 18
miles of sidings; river tipples and connection with all roads
entering Pittsburgh, and about 15,000 acres of coal and 700
acres of surface lands adjoining in Allegheny Co., Pa. Its
coal output in July, 1904, It is stated, was 186,000 tons and in
August, 215,000 tons; this will shortly be increased to
14,600 tons daily.
Toe company has made an Issue of
17,000,000 of 6 p. c. bonds, of which a part has been sold and
a part is owned by the company and used by it as collateral
for loans.
See statement on page 401 of Railway and
Industrial section and full official statement in V. 78, p. 703.
V. 79 p. 905, 899.
Western Maryland RR.— Z^seed.-The New York Stock
Exchange has listed 128,760,000 first mortgage 4 per cent 50year bonds. An additional |1, 165,000 of these bonds has
been certified and deposited with the Continental Trust Co.
(eee table below). The bonds listed were applied as follows
To acquisition of debts, obligations, etc., formerly belong-
—
The road was placed in operation from Brownsville, Tex.,
ncrherly to Robstown, Tex., 141 miles, on July 3, 1904. B.
P. Yoakum and associates of St. Louis are fiaandng the
ing loolty of Baltimore
enterprise, but it is denied that the St. Louis & San Francisco
To acquisition of $10,^49.700
RR.
Co.
is
interested.— V. 79,
p. lOi.
—
The
St. Lonis Transit Co.— Change in Bond Issue.
stockholders will vote Oct. 19 on a proposition to cancel the
refunding and improvement mortgage of 1933 for $20 10,000,
and to authorize in lieu thereof a mortgage not exceeding
A. portion of the new issue will be used to pay
$12,600,000.
ofif the $6,000,000 collateral trust notfs manuring Nov. 1 and
a further amount for improvements. V. 79, p 734.
—
Salt Lake & Jffercnr Ry.— See Salt Lake
(Electric) Ry. below.— V. 77, p. 770.
&
:
$9,500,000
stock of West Va Cent. &
(compare V. 79, p. 782, and page 431 of Railway & Industrial Section)
11,000,000
To provide cash equipment and construction fund
4,500,000
Co pay for terminal facilities in and adjacent to Baltimore
part of $3,000,000 deposited with Continental Trust Co.
1,835,000
To pay for equipment, extensions and development of
Pitts. Ry.
1,925,000
itroperties
Compare V. 79, p. 782, 968.
Western Paelflc Ry.— CouZd .4Wfancc.— Two representaUtah Valley tives of the Gould (Missouri Pacific) interests have recently
been elected directors, one of these being Edward T. Jefifery,
Salt Lake & Utah Valley (Electric) Hj,— Change in Control.— A correspondent of the " Engineering
Mining Journal," writing from Salt Lake City, recently announced the
sale of this property to J. G, Jacobs, Vice-President and
G()neral Macager of the Salt Lake & Mercur RR.; also a plan
for its extension fourteen miles to Biogham, where it will
seek to compete for the ore traffic of the valley smelters.
The Salt Lake & Utah Valley Ry. is succeescr of the West
Side Ry., and its capital stock is |300,000; funded debt, none;
miles of track, 1}^. We are informed that Mr. Jacobs will
shortly take possession of the road, but that he does no; propose to change it to a steam line or merge it in the Salt
Lake
Mercur.
&
&
San Pedro Log Angeles & Salt Lake RR.— Entire Line to
be Completed by Dec. i.— Vice President R. C. Kerens of St.
Louis is quoted as saying that the entire line from Salt Lake
to the Pacific will be ready for operation by D c. 1. There
remains only about 70 miles to c( mplete the work and in the
Sail Lake division the line is already in operation between
Salt Like City and Calientee, 836 miles, and between Salt
Lake and Silver City, through the Ophir and Tintic districts.
85 miles, and the Fairfield district, 50 miles. On the Pacific
slope the line is in operation between L )S Angeles and San
Bernardino, 6S miles, and tne San Ptdro district from Pasadena to Ban Pedro. 37 miles.
The " St. L uis Globe Democrat" of Aug. 14 saye:
The connecting line between Oallentes, Nov., and Daggett, Oal., will
open up the gieatent mlnlnt; district In the WHH<ern Unite t States.
The UnB passes ihron*{h the mining districts of Eureka, Mammoth,
Sliver Olty, Falrtlt<ld, Mercur, Blaik Rock, Mllford and Frisco, In
Utah, and the Pioohe and Oallentes
nlag districts In Nevada. In
Southern Oailf'irnia the new line which absorbed the Los A.ngele8
terminal pystem operates vestlbnled trains with parlor oars between
Los Angfles and Pomona, Ontario, Long Beach. San Pedro and the
8ea»hi)ie resor s. From Salt Lake (Jlty trains are run connecting wlih
stage lines for all the mining camps In Utah aid Nevada. S-ina or
Olark has spared no expense In thn building of th<^ Hue and no bonds
h»ve >et been sold, ihe company paying cabli for all construction,
material and equipment. A large order, involving an outlay of
$3,0<'0,000 for iiacseuger and freight eq dpiunot, will be placed next
week with the Pullman company on a cash Dasls.
m
&
Rio Grande, and the other WilPresident of the Denver
liam H. Taylor. Mr. Taylor is First Vice-President of the
Bowling Green Trust C3. and the Mercantile National Bank
of New York, and a director of the St. Louis Southwestern
Ry. Co. Mr. Jefl^ery is quoted as saying
For some little time the gentlemen who are interested In the Weatern Pacific, of which W. J. Bartnett of San Francisco Is the President,
have aeked that I enter the directory of their company because of the
trafflo relationship that will naturally exist between the Deover & Rio
Grande System and the Western Pacific when completed between Salt
Lake City and San Francisco. As It appeared to b« of mutual advantage to the Denver A Rio Orande and Western Pacific, consent was
given and I have recently been elected a director.
The WfStern Pacific has its eurveys practically oomple'ed from Salt
Lake Citv to San Francisco and has acquired extensive terminal
Its main Hue will be about 850
In San Francisco and Oakland.
miles long; Us maximum grade through the Sierra Nevadas will be
one per cent, and the interests connected with it are recponxlb'e and
able to carry the enterprise through to completion. At Salt Lak« City
the Western Pacific will have the Joint use of the yards, tracks, station facilities, shops, etc of the Deover & Rto Grande Company, and
*he two companies will interchange bnslues-<, both passenger and
freight. The advantage to the Denver & Rio Grande will ba another
:
,
connection to the Poclflc coast In addition to the Southern Pacific,
with which it now connects at Ogden.
Compare V. 78, p. 1168.
Wbeeling & Elm erore (Electric) Ry.-P/ans. —John A.
Howard, who recently purchased this road for a syndicate, ia
quoted as saying:
We intend to push the work of oonstruotlon to Washington, Pa., a«
rapidly as possible, ihere is a company of Pittsburgh capitalists
back of which Is Senator Fllnn. that is rapidly coostruotlng a line
from Pittsborgh to Washington. When this Is done there will be
through traction connection between Wheeling and Pittsburgh.
The purchase
price is said to have included $950,000 bonds.
of |60 for all the stock of the Wheeling Traction
Co. is reported to have been made and refused, par (|100)
being asked.- V. 79, p. 905.
An
ofiEcr
INDUSTRIAL. €iA8 AND MISCELLANEOUS.
American Tobacco Co.— Merger Plan.—A.n agreement entered into Sept. 9, 1901, by the directors of the sevand the eral companies provides for the merger of the American
All the bridges are of concrete, with f teel girders,
roadbed and track throughout is designed tor heavy traffic
and fast service. V. 79, p. 2i3.
Seaboard Air Line Kj.— Transfer Completed.— J. William
Middt-ndorf & Co. aod John L Williams & Sons last week
completed the delivery to the Ryan- Blair syndicate of 140 000
6har^s of Seaboard stock, this amount, it is saii, iocludiDg
65,000 chares of preferred and 75,000 shares of common
Com-
—
.
pare V. 79,
p. 787, 906.
(Tlie)
Tobacco Co., the Consolidated Tobaco Co, and the Continental Tobacco Co. into a single New Jersey corporation,
under the name of "'The American Tobacco Company"
(hereinafter called the "merged corporation,")
Th»» firtt board of directors of the merged corporation and
its officers shall be as follows:
George ArfntB. Anthony N. Brady, Paul Brown, John B. Cobb, Thomas
Dilan, BenJ-<ml'i N. Duke. James B. Diue. CaleD C Dala. Robert B. D ala,
t.barle* ts. Ualllwell, William U, Harris, George A. Helme, Peroival 8. Hill.
Sept.
THE CHRONICLE.
17, 1904.]
TTAThprtT) KiiiB«bury. Pierre Lorlllard. Thomas J. Maloney, William H. McRay. Tliomas If. Ryan.
AhltlrKufuiL Patterson. Oliver H. Payne. Frank
otanrR S'tliV. Kobert A. C. Smith, Robert K. Soiith. Charles N. Strotz.
r<^nrfffi
W«tis Harry WeissioKer, Peter A B Wldener.
Offlclrs-Preso'ent James B. Duke: Vice Presidents. John B. Cobb, Caleb
C.DulH.CnarlesE.Halliwell. William R.Harris and Percival S. Hill; Secre
William H, McAlister; Treasurer, John M. W. Bioks.
H
W
tary.
The capitalization will be as follows, the four classes cf securities (stock and bonds) ranking in the order shown as
regards the right to interest and dividends and the payment
of principal in case of liqnidation :
1 6 B 0. Kold bonrlB (not mortgage), due Oct. 1 , 1944,
with interest from Oct. 1, i904. payable In New
York OD April 1 and Oct. 1. The company la to pay to
a trustee annually the sum of $50".0'iOfor th" purobase In the open market for retirement of tueae
bonds at a price not to exceed 120. with a proviso
that In case they cannot be obtained at that price
the money shall be returned to the company. Issue
limited to
;.;••/
V-:-:,--,
All issuable In exoharse, on basis brlow stated, for
the preferred shares of the American and Continental companies held by the public.
bonds (not mortgage), due Aug. 1, 1951
l and Aug. 1). direct oljilgatlons of
the merged corporation, but subordinated to the
rights of the aoove 6 p. 0. bonds. Issue limited to..
3. Preferred stock, 6 p. c. cumulative, par value of
shares $ 00 each, dividends cumulative from Oct. 1,
1904, payable yearly, half-yearly or quarterly, with
voting prlvllejfes only as preeoiibed (see "note" be2.
4
$56,090,416
p. 0. gold
(Interest Feb.
low), iHsae limited to
Of which now issuable for 50 p.
c.
78,689,100
80,000,000
of existing 4 p. c.
bonds of Consolidated Tobacco Oo
Reserved, with no present intention to Issue it
4. Common stock, in shares of $100 each, total au-
78.689,100
1,310,900
100,000,000
thorized issue limited to
Of which now isKuable, i for $, for existing common
40,242,460
three companies held by the public.
shares of the
Reserved, iesualile hereafter at option of directors,
" only ar, par for cash or property of par value.
but
There is no purpose to Issue any of this reserved
59,757,550
stock now, and it may never be Issued"
Note.— "The rights of the holders of the said common stock and preferred
took, respective y, shall be as follows the holders ot the preferred stock shall
be entli led to receive out of the surplus or net earolngs, and thn merged corporation stiall be bnund to pay thereon, as and when declared by the o ard of
directo's, adlvid<nd at the r^teof, but not exceeding, 6 p.c per annum, cumula
tive irom thedrstdavof octuber, 1904, payable yearly, half yeany orqua'terly
before any dividend shall be set apart or paid on the common stock provided,
however, that when all accrued dividends on the pref. stock shall have been
paid, the directors sball. if in tneir judgment the surplus or net profits after
dedactitig tbe amount of divideLids to accrue on the prefer ed stock during the
current year shall be sufficient for such purpose, have power in tbeir discretion
to oecl»re and payadlvirend or dividends on the common otock. In case of
liquidation r dlesolution or distribution of assets of the said merged corpora
tlon, the holders of preferred stock sball be piid the par amount of their pre
ferred sharex and the amount of dividends accumulated and unpaid thereon,
before any amount shail be payable or paid to the ho dera of the common
gtock; the balance of the assets of said merged corporation shall be divided
ratably among ihe holders of he common «tock.
"The preferred stock shall not confer on the holders the right to attend or
vote, either in pers<on or by proxy, at elections of directors, or at any meetings
ot stockholderc, exc pt meetings convened for increasing or decreasii g the
capital stock dissolving the corporation, or passing upon other matters with
respect to which the statute expressly gives the power to preferred stock
1025
of the <p. o. bonds outstanding, so that the bonds outstandThis exing will be $78,689,100 instead of $157,878 200.
change of halt of the Consolidated bonds outstandirg for
6 p. c. preferred stock of the new company will be effected
by an agreement which has already been signed by the holders of half of the bonds that they will take in excshange for
their bonds, at par, either 8 per cent preferred stock or bonds
to the extent of not over 50 per cent, so that the bondholders
who have not signed the agreement may have an op ion of
taking their holdings either in the bonds or partly in bonds
and partly in preferred stock.
W. W. Fuller, general counsel of the companies, says:
"The success of the Consolidated Tobacco Co. and American Tobacco Co. and Continental Tobacco Co. since the
formation of the Consolidated Tobacco Co. and the consequent addition, first, of $30,000,000, and then of $10,000,OCO
additional cash to the working capital of these companies,
has been very great. It is believed that a merger of the
three companies into one company would work to the increased security aud simplification of the whole investment
and business, as well as economy of management."
The position of the new company on tbe basis of the earnings of the constituent companies in 1903 (V. 78, p. 1107) excluding duplication arising from the inter-ownership of
tooks is officially figured as follows:
Ket earnings—
Ameiloan Tobaaoo Oo. (exoladln g dividends received on
Continental preferred stock held by it)
$8,485,585
Continental Tobacco Oo
12,756,784
Consolidated Tobacco Co (excluding dividends reoeived on
American or Continental com. or pref. stocks held by it)
985,813
Total net earnlOKS of constituent companies In 1903, after
expenditure of large sums for extension of business and
development of new lines
$22,228,182
Deduct requirements of new company Interest on $56,090,416 6 percent bonds
3,365,425
Interest on $76,689,100 4 per cent bonds
,
3,147,564
Dividends on $78,689,100 6 per cent preferred stock
4,721,346
:
;
•
i
holders tj vote."
The bonds will be secured by covenants on the part of the
new company against mortgaginT; any of its property, or
creating any specific charge upon its earnings, except in
express subordination to the rights of tbe holders of both of
While they will be "plain bonds," havaaid issues of bonds.
ing no mortgage lien, the two issues will constitute in the
order indicated a charge on all the company's earnings and
property, the latter, we are informed, including $39,000,000
of leaf tobacco. Tney will also contain a provision for the
maturing of tbe principal at the option of a majority in
amount of the bondholders, upon default by the company in
its covenants as to payment of interest, maintenance
of sinking fund (see "6 p. c. bonds" in table of capitalization
above) or the keeping of the property free from prior liens
or charges.
The capitalization of the constituent companies follows:
any of
Total
Coruol. Tob.
Itsved.
Co.hnlda.
9&4,600,u00 $a4.'<T4.550
American
Co. holds.
Public
Balanoe.'surplup, applicable to dividends on $40,242,450
oommon stock
10,993,847
The shareholders of the several companies will vote on the
plan on Sept. S'). Circulars calling for the deposit of securities will be iseued later, the exchange of securities to be
made at the Morton Trust Co., the transfer ag^^nt for stocks
and bonds of the new company. The Farmers' Loan Trust
Ca. will be registrar of the new company's stock.
[The foregoing statement has been officially revised for the
Chronicle and prone unced correct in every essential particular!.— V. 78, p. 1394.
&
Baltimore Sbipbnilding & Dry Dock Co.— Receivership by
Consent.— Judge liaer In the Circuit Court at Baltimore on
Sept. 14 placed this company in the hands of Archibald H.
Taylor and Walter Aneker, as receivers, upon application of
holders of $8,000 floating debt, the
company consenting.
Tbere are reported outstanding $200,OCO of first mortgage
bonds, the interest on which is not in arrears, $250,000 of
cumulative income mortgage 6 p. o, bonds and about $97,000
of other indebtedness.— See V. 14, p. 1141.
Clark Coal & Coke Co.— Bonds.— The shareholders voted
on Aug. 16 to make a bond issue of $60,000, making the company's total indebtedness that amount. The
ffices of the
company are in the Second National Bank Building, Pitts(
buigh.
Consolidated Tobacco Co.— Consolidation
American Tobacco Co. above. V. 79, p. 969.
—
Continental Tobacco Co.— Consolidation
ican Tobacco Co. above.— V. 78, p. 1107.
Plan.— See
Plan.— Bee Amer-
hotas.
t226,<&(i
Cramp Steel Co., Collingvrood, Ont.— iVeto Directors,— At
Collingwood, Ont., on Aug. 24, in accordance witb the plan
for the reorganization of the company under the title of
14,«07,100
$2,660,(00
40,000000 Northern Iron & Steel Co., with $2,500,000 cipital stock, of
167,378,^00
which one-half will be 6 p, c. preferred (compflre V. 79, p.
Total
$863,588,800 1117.310,760
18,660,000 $243,698,160
215), J. A. Cnrrie, Duncan Donald and W. J. Lindsay, all
*'
By the act of merger the stock of all the companies par- members of the reorganization committee, and also directors
of the Imperial Steel & Wire Co., were elected directors of
ties hereto bf^ld by any of the parties hereto shall stand and
the Cramp Steel Co. A resolution was also passed instructbe caiiceled."
The fecurlties of the constituent companies held by the ing the new directors to transfer the botus of $60,000 hud the
quarry lands of the company over to the new company.
public sball be exchanged on tbe following basis:
Major J. A. Currie was elected Pret-ident and Major Duncan
Will receive
Ciushjcr
6 p. c.
4 p. e.
Donald, Secretary. It is expected that fully 90 per cent of
6% pr'f. Common
Holder) of tach tlOO of — aividtnd.
tVocK.
bonds.
bonds.
itock.
the shareholders will participate in the reorganization.— V.
American pref stock
$laii^
*2 00
oommon stock
Continental, common slock.. 4f«,84n,:00
American, pref.p p. c. stock.. 14,000.000
4-',H4t.«00
Contlnetiial pref
p.c. stock
40,000,000
Consolidated, stock
4 p. C. bonds.... 167,37o,«)0
do
American,
4b,8i5«,100
...
''
CoLtinenial, pref. stock. xl"75
Amt-rlvan, com. stock
Continental, ci^m. otock
Consolidated, stock
do
4
p. 0.
bonds
17.000
14,ni'0,00o
8S>,077,500
79 p. 629, 216.
llt^^
$100
100
UO
y $100
X DIvlderd already declared, payable Oct. 3. y Tbe holder has the
option of taking either 50 p. 0. in preferred F<tock and 50 p. o. in the
new 48, or a 1- ss amount In preferred stock and the remainder up to
the fun 100 p. c. in thn 4 p. 0. bonds, but la no case will he receive
more than 5u p. c. In the preferred shares. These opilons to the public wern provided for in the agreement referreri to below.
AanHUtliig
holders will be exi eoteid to surrender all their bonds for exchange.
See the following paragraph.
It is proposed as an essential part of the plan that one- half
of the amount of 4 p. o. bonds of the Consolidated Tobacco
Co. shall tie exchanged for 6 p. c. cumulative pieft-rred stock
of the new company at par, making the remainder of the
4 p, c. bond issue eobject to the prior lien of tbe 6 p. c. bonds
as against the earnings and assets of the new company, but
converting the 4 per cents into the direct obligation of the
operating
company and reducing by one-half the amount
Excelsior Coke
and Gas
Co.,
Topeka.— iVete Amended
Frar.chise.— The franchise ordinance passed by tbe City
Council on Aug. 1, and subsequently vetoed by Mayor Bergundthal, wap, on Sept, 6, amended in feveral reep> cts and repHFsed, over the veto, by a vote of nine to one. Thi franchise runs for thirty years from the date of paes^ige, but is
not exclusive. It permits the company to chHrt'o |l 25 a
thousand cubic feet until the yearly sales reach 200,000,000
cubic feet; thereafter, beginning with the first of the following year, the rate shall never exceed |1 20; when the annual
sales reach 400,000,(i00 cubic feet, the rate must be reduced to
$1 10. and when the sales get to 800,000.000 cubic feet, the
maximum rate shall be $1. Within the next eighteen montbg
$175,000 Dust he expended for Improvements and additions.
At the expiration of the franchise the city is to hnve the right
to purchase the property at Its then appraised value under
Act approved March 13, 190B. The company has thirty days
within which to accept the franchise.— V. 79, p. 788.
—
:
—
—
A
THE CHRONICLE.
1026
Electric
(General
iH>.— Cooperation in
Electric Locomotive^.— See report of
WeUbach Company.— Beporf.-The
Construction of
American LocomotiTe ending May
1022— V. 79, p. 272.
International HIeAm Pamp Co.— Comriion Dividend Reduced,— Tbe dividend on the common Bhares, which hiid
been 1 per cent quarterly (4 per cent per annnm) since July,
1901, was reduced this week with the declaration of the
October payment to one-half of one per cent, pending the
completion of the new plant at Harrison, N. J —V. 79, p. 210.
Nortbera Iron & Steel Co. Reorganized Compa-.y.—See
Co. on page
Cramp
Co. above.
SSteel
Bepablic Iron & Steel Co.— Bonds.— It is proposed to
authorize a mortgage to secure $10,000,000 of ehortterm
bonds, which may be used from time to time as needed, as
collateral or otherwise, to take care of floating debt, provide
working capital, etc.
business Improves the mortgage
can be canceled. Tbe First National Bunk of Chicago, it is
understood, will participate in the financing.
When
Company Wins Strike.— The Bessemer
plant at Ashtabula,
O., which wag closed last week, owing to a labor dispute,
was started up on Sept. 12, some thousands of union employees having consented to a reduction in wages, which, it
V. 79, p. 685,
is said, amounts to from 2 to 13 p.
Slo88'8befflHld Steel & Iron Co.— Earnings. —The results
for the 3 aud 9 months endmg Aug. 31, 19u4 (August eatimated). were
Net
Interest and Preferred
Balance,
3 months ending
August 3i —
dtvidtnd.
surplus
earnings.
taxes.
(t^ptimated)
$60,uOO
$114,0'
Slu.-^lS
190t
$214,815
1903 (ao'ual)
114.000
153,326
327,326
60,000
c—
—
9 montlii
1903-4 (estimated)..
695,729
1902 3 (aotaal)
1.567,918
Total surplus Aug.
342,000
173.729
180,000
342.000
180,000
1,045,9 8
31, 1904 (estimated), $2,441,210— V. 78,
>
p. 2446.
Union Natural Gas Corporation, Pittsburgh.— Bonds
Authorized,— The shareholders authorized on Aug. 29 the
proposed bond issue of |3,000,000, of which $1,500,000 will be
used to redeem the present bonded debt as it matures in instalments of $500,000 each on Juoe 1, 1905 to 1907, inclusive,
and the remainder will extinguish the floating debt incurred
for new acquisitions. The company is paying dividends at
the rate of 8 p. c. per annum on its |9,000,000 capital stock.
T. N. Barnsd-ill of Pittsburgh is President and F. P. Whitcomb Spcretary and Treasurer. Compare circular, V. 79, p.
The new bonds will bear 6 p. c interest and will mature
790.
$800,000 annually on Sept. 1 from 1907 to 1916. both inclusive; interest payable March 1 and Sept. 1.— V. 79, p. 790.
United Fruit Co.— Dividend.— In accordance with the vote
of the directors (V. 78, p. 2446,) to adjust the dividends for
the year to a 7 p. c. basis, a dividend ot 2 p. c. has been deDiviclared, payable Oct. 15 to holders of record Sept. 80
dends ot 1% p. c. were paid in January and April and of 2
p. c. in July, completing, with the present declaration, the
Iq future, it is understood, the rate will be \%
full 7 p. c.
p. c. quarterly.— V. 79, p. 633, 156.
Westchester Sale.—
Uitited Gas Improyement Co.
is quoted ae saying:
Stookholdere In the Westohester Lighting Co. to the amonnt of probably 98 p. o. have agreed to exchange their holdines tor the bonds of
the new company nnder the terms of the olan. The papers will be
transferred and the property delivered aboat Oct. let. (See V. 79,
p. 504, 498).
director
United Stateg Cotton Dock Corporation.- Suits Brought
by Underwriters. The Central Naflooal Bank, in liquidation,
and the M-rchants' Trust Co., both of New York, have
brought suits, as members of the syndicate which underwrote
the amalgamation plan, against the Continental Trust Co, of
Baltimore to recover $200,000 and $100,000, respectively, on
the ground that the defendant in promoting the corporation
—
used misrepresentations to induce them to subscribe said
Bums to its underwriting syndicate. —V. 79, p. 906, 791.
Unitfd States Express Co.— Express Servceon Manhattan
Elevated. The company's " Borough Express" was put in
operation on Sept. 16 on the lines of the Manhattan Elevated
—
replacing wagon service.
The express matter is handled on private trains of two oars each
from epeuial platforms, at Trinity Place, 66th tit., 99th Bt., 133d St.,
Ry, Co
,
etc.— V. 73,
p.
794.
United States Lithograph Co., Cincinnati.— 5torb Offered.- Andeveou & Powell, Cincinnati, Ohio, are off ring
a block of the $800,000 7 p. c. non-taxable cumulative preferred stock at 105. Common stock, $400,000; par of shares,
Th- officers and directors are:
$100
John Omwake, Pr'-sident; 8. J. Murray, Vice-President; R. H. MoOntoheon. Sporetary; F. D. J amlson, Treasurer; W. Kesley Sohoepf, J.
Fo raker Jr., G. N. Robinson.
Dividends at the rate of 7 p. o. per annum have been paid
regularly on the preferred stock since organization, April 8,
1901; dividend period, quarterly Maroh 1, etc. Nodividen(3s
have been paid on the common. There are no bonds outB.
standing. The business is known as tbe "Russell- Morgin
Prin*." The company is a New Jersey incorporation, with
plant at Norwood, O.; it Is closely allied to the United
States Printing Co. Compare V. 78, p. 2890.
Uniyersal Tobacco Co.— SaZe.— At the auction sales on
Aug. 26th and Aug. 27th the assets of the company were bid
Butler in the interest of the Commonwealth
in by W.
Tobacco Co. (V. 78, p. 2886).
rtgage Satisfied —The $1,000,000 mortgage of 1908,
Union Trnst Co, trustee, has been satisfied of record.—
H
M
V.
79, p. 788.
[Vol. Liiix,
Fineal
Tear.
19i'8 4
81 were:
Orots
Bond
inUrest
proflls.
$524, .62 $<2«.300
1P02-3
-V.
326.300
655,542
Sinking
Charged
fund
$l<ift.3
results for the year
105,360
Div'd Balance
(2pe)
off.
1
frz.'Ol
13,121
surplus'
$7(..(.00
•» 800
70,000
4o!7ei
77. p. 628.
Lake Snperior Corporatinn.- 12at2 Mill. — Qeneral Manager Shields is quoted a% follows
The company placed Its steel rail mill, with a capacity of 50^ tons of
rallH dally. In operation on Ang. 23, and after ftoo ht-ars the qaallty of
rail secored was so entirely satiHf actor y that on Sept. 6 we uat on a
nUht and day eblft, and from now on the mill will be ran oontlnaoaily.
We are at present at work on a 10,000-t<in contract for tbe Inter:
colonial Ritllway for delivery at Montreal as rupldly as posulble.
When this contract Is oompletied we win start work on othnr ornert for
tbe parne railway, as alnn for the Temlskamine, and we will ko right
ahead running tbe mill, and shall h^ve no difftMilty dixposloK of the
f ntire output. All the ores that we are oslntt at present are from the
Minnesota ranges, on the American side, atid oar contracts guarantee
us all tbat we need to laHt us till Junn I n<>xi
The rail that we are turning out is Itself the b«>st arKument we can
use to shnw that tbe marufacture can be efleoted economically and
successfully at the 8oo.— V. 79, p. 906, 683.
—
Westchester (N. Y.) Lighting Co.— Sa/e
See United Otu
Improvf-ment Co. above.— V. 79, p. 604, 217.
Western Union Telegraph Co. — Quarterly.— Eaminga
(partly estimated) for the quarter ending S pt. 30 were:
Net
Interest
Dividends
Balantt,
revenue.
charge.
vaid.
turplut,
3 mos. end.
Sept.
bO—
1904 (est.)
$2,100,000
$297,050
$1,217,019
$588,431
1903 (actual)
286,800
2,347.196
1,217.017
843,879
Total snrplus (estimated) Sept 80, 1904, $16,468,859. The
regulnr ij^ p. c dividend is payable O^t. 15.
The estimated results for the fi cal year ending June 80
last were given in the Chronicle of June 11. The actual net
revenue for tbe year was $7,887,474, comparing with 17,934,682 as estimated, and the balance over dividends $1,881,704,
against $'.,908,914.- V. 78, p. 2390.
Westtnghoase Electric & Maonfacturin^r Ca.— Listed.—
The New York Stock Exchange has listed $2,397 400 additional assenting stock, with authority to add $72, 150 more
on notice of Issue, making a total of $20,99«,850.
Balance Sheet.— The balance sheet of March 81, 1904, was
in V. 79. p. 625, as compared with which the balance sneet of
June 80, 1904, shows small changes in the liabilities aside
from an increase of $1,168,640 in the "accounts and bills
pavable."
—
Earnings. The "net earnings" for the three months ending June 30, 190 1, were $888,268. Compare V. 79, p. 624, 633.
Wyandot Copper Co. Assessment,— An aase^sment of $1
per share has been called, paya'ile Ojt. 15, A Michigin corporation, capital stock $2,500,000, par of shares $25, paid in
to date $8.
President, Henry Stackpole, office. No. 24 Congress Street, Boston.
York Hnven (Pa
)
Water & Power Co.— Plant
in Oper-
— This company's
plant, located on the banks ot the
Sut^qaehanna River at York Haven, Pa., was set in partial
operation on Aug. 22. The plant is built for 20,000 horsepower. The following concerns in York, Pa. (distant about
10 miles from the plant) have contracted for power:
The York Safe & Look Company; the York Si k Oo ; the Diamond
811k Co.; th«» Pennsylvania Agricultural Works (A.. B. Farquhar Co.);
the Edison Elec'rlo Light Co., which lights York and furnishes power
for its street railway service; Sobmidt & Ault Paper Co.; the 8. Morgan Smith Co.; the Soover Wagon Co.
ati
Ji.
It is estimated that about 6,000 horse power for the twentyfour hours will be sufficient to run the manufacturing plants
of York.
After York gets all the powt-r she wants, Harrisburg, 16 miles away, and Lancaster, 18 miles distant, will be
supplied. Morris Bros.
Christensen, PhiUdelpbia. etc.,
fiuanced the enterprise. Compare V. 77, p. 2103, and V. 78,
&
p
2390.
— We are in receipt of the 8eptem->ei investment circular
Lewis & Co., who have offices in Chio-g--, B38ton
of Mason,
and Philadelphia, and
who deal
in a tiigh grade of municipal,
notice among their
offerings $500,000 first mortgage 6 per cent gold
railway and corporation boid-".
We
prominent
bonds of the Ozark
& Cherokee Central R-iilway Co (guaranteed by the St. Louip & San Francisco RR. Co.) at 98 and;
accrued interest; $100,000 Springfield. Mo., Qis & Electric
Company's first mortgage 5 per cent gold bonis at p-ir; $178,000 City of J-imestown, N. Y., water 4^ at HI •68 and interest;
|95,0t0 Baraboo, Wis., water works 4s at 108-17; $88,000
Omaha, Neb., 48; $50,000 Racine, Wis., improvement 43—
besides many other attractive investment securities.
—Attention is directed to the various railroad and other
investment bonds offered by R-»dmond & Co. by advertisement on another page. Full particulars can be had at the
firm's offices in
—Attention
Nrw York
and Philadelphia,
called to the off-'ring of $3,000,010 Chicago
four per cent bonds advertised in this is9u« by Farson, Leach
Sons, Blake Bros.
Co., E. H. Rollins
Co. and Harvey
Fisk
Sons.
&
&
—The
is
&
&
&
report of the condition of the Coal
Iron National
of the oltv of New York, on Sfpt,. 6, will be found in
the Bank and Quotation Section to be issued October 8.
Bank
-Pfaelzer, Walker «& Co., 25 Broad St., New York, and
16 State St., Boston, have Issued, under date of Sept, 16, a
circular quoting 600 street railway bond issues.
to
—Messrs. Richardson, Hill & Co. of Boston have removed
new offices In the State Mutual Building, 60 Congress St.
:
Sept.
:
THE CHRONICLE.
17, 1904.]
jep0rts
1027
nn& ^ocnmtnts.
CANADIAN PACIFIC RAILWAY COMPANY.
TWENTY-THIRD ANNUAL REPORT— FOR THE YEAR ENDING JUNE
To
the Shareholders
The accounts of the Company for the year ended June 30th,
show the following results
1904,
.$46,469,132 24
.
32.256 027 21
Gross Earnings
Working Expenses
$14,213,105 03
Net Earnings
......$380,716 61
depf'sits and loans
Interest on
Interest due irom the Daluth boalh Snore
& Atlantic By. Co. on Consolidated bonds
*^5^'„^5 llS
held by the ompany
Less aavancedby the company 422,28 00
<
.
^^^ ^^^ ^^
Interest from Minneapolis St. Paul & Sault
Ste. Marie By. Co. on bonds held by the
Interest from Mineral Rang« Railroad Co.
on Bonds held by the Company .
Dividend? on Mi. neapolis 8t. Paul & Sault
50,1€0 00
line.
Ste. Marie By. Preferred and Ordinary
918,672 00
Stocks held by the Company
-
'
-
x.f\}*7l.f^\>o
ox
$15,904,373 54
7,586,096 64
Deduct Fixed Charges
$8,318,276 90
Surplus
Deduct amount applied against cost of Steamships and
for contribution to Pension Fund
230,00000
$8,088,276 90
this there has been charged a half
yearly dlviflend on Pre fere ice Stock of 2
$653,406 65
per cent paid l8t April, 1904
And a half-yearly dividend on Ordinary
Stock ol 3 per cent, paid Ist April, 1904.2,535,000 00
From
3,188.406 65
$4,899,870 25
this there has been declared a second half-yearly dividend on Preference
Sto k of i per cent, payable 1st October,
$698,666 65
1904
And a second half-yearly dividend on Ordi-
From
nary Stock of 3 per cent,
October, 1904
payable 1st
2,535,000 00
amounted
to 69 '42
per cent of the gross earnings, and the net earnings to 30'58
per cent, as compared with 63*97 per cent and 36'03 per
cent, respectively, in 1903.
3. Tbe large increase in working expenses over the pre
TioiiS year was due, not only to the additional railway mileage operated, but to tie higher prices paid for wages, fuel,
and supplies, and the unprecedented weather conditions that
prevailed during the winter.
4 Four per cent Consolidated Debenture Stock to the
amount (f £3,103,849 was created and sold during the year.
The proceeds were applied, under your authority, in the purchase of fifteen Atlantic staamships, in the construction of
260 additional miles of railway, and in the acquisition of
bonds of other companies, the interest on which had been
2,
The working expenses
Your Directors have arranged to acquire by lease the
9.
control of the Tilsonburg Lake Erie & Pacific Railway, extending from Port Burwell on Lake Ontario, via Tilsonburg,
to Inger-oll on your Ontario Division, a distance of about
thirty-five miles, the rental payable under tt e lease to be a
sum equal to the interest on bonds which may be issued by
the Tilsonburg Lake Erie & Pacific Company, with the
consent of this Company, as more specifically set out in the
resolution to be submitted. This line is important as affordit g a connection by vessel at Port Burwell with the great
coal producing districts of Ohio and Pennsylvania.
At the request of your Directors, a d to meet the
10.
present requirements of settlement in the district east of the
Edmonton Railway, that Commain line uf the Calgary
pany has authorized the construction of two branch lines,
each for a distance of about 50 miles and extending respectivt-ly from Lacombe and Wetaskiwin stations on its main
&
•^- 159,720 00
Company
1904.
30,
for the year
guaranteed by your company,
5.
Four per cent Hreference Stock to the amount of
£200,000 was al.so created and sold, and the proceeds applied
to purposes for which your authority had already been obtained.
6. A final, and in the opinion of your Directors, satisfactory settlement has been reached with the Dominion Government in connecti n with the selection of the balance of your
Land Grants by the Company agreeing to accept lands in
what is known as the "Irrigation Tract" between Medicine
Hat and Calgary, to the extent of about 2,900,000 acres, the
main condition of such agreement being that the lands shall
be conveyed in a solid block instead of alternate sections,
as originiilly contemplated.
After careful consideration ff
the whole matter, and exhaustive reports by expert engineers
on the Irrigation Tract referred to, your Directors are con
vinced that it is in the Company's interest that the construction of the necessary works for irrigation purposes should be
at once commenced, and contracts have accordingly been let
for portions of the rt quired canals, starting from the Bow
River near Calgary, involving an expenditure of about one
million dollars.
The laud sales for the year were 928,854 acres, for
7.
$3,807,248, being an averagt. of $4 10 per acre.
There was a
considerable decrease in ihe acreage sold, as compared with
the previous year when large blocks of land were sold to
Colonization Companies, but the price realized was Vortythree cents per acre higher.
8.
A further amount of $3,000,000 has been deposited with
the Dominion Government during the year on account of the
$15,000,<i()0 Lan.i Bonds Mortgage, making a total amount of
$3,500,000 deposited up to the end of the fiscal year.
The
amount of deferred payments on lands sold is now $15 252,308,
drawing interest at 6 per cent per annum, while the total of
the Land Bonds outstanding is §11,500,000 at 3>^ per cent
per annum.
Arrangements have been made, subject to your ap11.
proval, for the leasing for the term of 999 years of the line
of the Northern Colonization Railway Company, extending
Western Railway,
from the terminus of the Montreal
leased to your Company, to Nominingue in the Province of
Quebec, a distance of 21 miles, at a rental equal to the
mterest at the rate of 4 per cent per annum payable on all
&
bonds which the Northern Colonization Railway Company
issue with the consent of your Company, the aggregate
of such bonds not to exceed the rate of §20 000 per mile, the
said rental to be reduced by the amount of any Government
subsidy or annual payment to which the Northern Colonization Railway Company may be entitled. A draft of the
proposed lease will be submitted for your approval.
12. Arrangements have also been completed for a lease
may
term of 999 years of the Railway of the Guelph &
Goderioh Railway Company, now under construction from
the terminus of the Guelph Junction Railway at Guelph,
already leased to your Company and forming part of the Ontario Division, to the Town of Goderich on Lake Huron, a
The rental will be a sum
distance of about 80 miles.
for the
equal to the interest, at the rate of 4 per cent per annum,
on bonds issued with the consent of your C 'mpaoy to
an anjount not to exceed $25,0000 per mile. The line
will run through well settled and very fertile portions of the
Province of O tario at present, to a large extent, without
Railway facilities. Your approval of the proposed lease will
be asked
13. During the year the guaranty of your Company has
been endorsed on Conso'idated Bonds of the Minneapolis St.
Paul & Sault Ste, Marie Railway Company, to the amount
of $3,572,000, representing the cost
additional
railway
acquired
and
of
i78
6l0 miles
constructed
of
by that
Company.
14.
The net earnings of your Atlantic Steamship Line
amounted to about $200,000 for the first six months, but this
profit was practically absorbed by the shrinkage in net revelast half of the year, due to the demoralized
state of the Atlantic trade. Nevertheless the Steamship Line
has, as was anticipated, proved a valuable auxiliary to the
Railway. The revenue and expenses are not taken into the
accounts for the year but the interest on the Debenture
Stock, issued for the purchase of the vessels, is included in
the fixed charges.
It is desirable that the Directors be authorized to arrange
for the construction of two additional passenger s eamships
with a sea speed of about eighteen knots per hour a d ample
cargo capacity. These will be useful and profitable ships
on the Atlantic, and they will be admirably adapted to your
Pacific trade if, at a later date, you determine to replace them
on the Atlantic with a fleet of larger and faster vessels.
15
In view of the contemplHted construction of the
Grand Trunk Pacific Railway, it will be impracticable to
continue the use of the Grand Trunk Company's linw between Toronto and North Bay for the routing of traflSc between points in Ontario and points reached by your lines
nue during the
in Northwestern Canada, and
therefore it is important
that you should with the least possible delay, secure your
own independent connection between the main line and the
City of Toronto, The shortest and best route, and one upon
which the local traffic will be profitable, is from a point in
the vicinity of '•udbury to a point near Kleiuburg on your
Ontario Division a distance of about 230 miles. Your
Directors are proceeding with the construction of the line,
and you will be asked to authorize the issue and sale of the
necessary securities to meet the expenditure,
16
In accordance with the authority given at the last
annual meeting, your Directors have pro eeded with the
work of improving your pr< pcrty and enlarging your facilities, and with your approval they propof-e to continue the
same policy, within the limits of prudence, until your capacity to handle traffic is well abreast of the requirements
during the busiest portion of the year.
.
.
THE CHRONICLE.
1028
By reference to Exhibit "H" it will be seen that the
expenditures on Capital Account havi' largely exceeded the
proceeds of the sale of Capital Stock and the appropriations
rroui earnings, and most of this excess has been temporarily
advanced from your surplus. To cover the amount advanced,
and to provide lor future requirements, your Directors recommend that the Ordinary Capital Stock of the Company
be increased by the amount of |25.500,000, namely, from
$84, .'(00,000 to $110,0UO,000, such increase of s ock to be issued
from time to time, according to the requirements of the
Company, as may be determined by the Directors, A resolution giving effect to this recommendation will be submitted
for your approval.
[Vol. Lxxix.
17. In accordance with By-Law No. 88 of tlie Company,
adopted by the .Shareholders at the Annual Meeting held
undermentioned Directors
in October, 1902, the
from
otlice at the approaching
eligible for re-el ction:
.
Leas amount applied
of coat
reduction
i(i
2,118,224 69
WiLMOT
D.
Matthews,
Esq.
For the Directors,
T. G.
Montreal, August 25th,
SHAUGHNESSY,
President.
1904.
30, 1904,
Capital Stock
$84,500,000 00
Four Per Cent Preference Stock.
Four Per Cent Consolidated Debenture Stock
46,876,306 42
33,473,333 33
Mortgage Bonds -
Hotels, Buildings and PaoPEEXiES
hkld in trust for the company
2,724,417 70
82,355,*J17 66
First Morti<age Bonds, 5 per cent... $34,998,633 33
Canada Central Ry., 6 per cent
973,333 33
Due Province of (Quebec on Q. M. O.
7,000,000 00
& O. North Shore Bv
&
Deferred Payments on Land and
Town
15,252,308 90
Site Sales
3,6i0,000 Oa
616,119 67
AlKOraa Branch 1st Mortgage
North Shore Ry. 1st Mortgage
Advances—
47,238,086 33
To Montreal & Atlantic Ry., secured by $875,000 First Mortgage
Bonds
To Duluth South Shore & Atlantic
Land Grant Bonds—
799,627 03
236,213 19
Ry., Car Trusts, etc
Guaranteed
Bonds.
3\>
per cent
Land
15,000,000 00
Less amount paid Dominion Gov3,500,000 00
ernment towards redemption
11,500,000 00
Advances to new Lines under Con568,847 94
struction
Material and Supplies on hand
Station and Traffic Balances, Accounts Receivable
Miscellaneous Securities and Advances—
Exhibit "B"
Imperial and Dominion Govern-
5,802,493 85
5,412,382 19
686,079 45
ments—
Accounts due
are
Sir UEORCiE A. Delmmond, K. C. M. G.
Sir Sandfokd Flemino, K. C, M. G.
George R. Harris. Esq.
11,909,120 31
ACtjUIEED SECnSIXIES HELD (COST) —
...
Exhibit "A"
retire
They
Thk Hon.
CANADIAN PACIFIC RAILWAY COMPANY- CONDENSED BALANCE SHEET JUNE
$256,665,689 19
Cost of Railway and Equipment..
Ocean, Lake and River 8teamship8.$14,027,345 CO
will
Annual Meeting.
for mall transporta-
245,105 15
tion
Cash on hand
11,741,70314
Current Accounts, Pay Rolls and
Traffic Balances
Interest on Funded Debt and
Rbntal of Leased Lines —
7,764,096 84
Coupons due July
let, 1904, and including coupons overdue, not presented
Accrued to date, not due.
1,485,316 00
284,b67 55
1.770,183 53
Equipment Replacement Fund...
Steamship Replacement Fund
Cash Subsidies from Dominion and
Provincial Governments and
Municipalities
582,937 44
340,666 67
30,673,283 07
'.
Land Grant—
Sales of land
and town
41,160,443 54
sites
Surplus
17,561,046 05
$358,919,294 46
$358,919,294 46
Note.— In addition to the above Assets, th« Company owns 11,338,350 acres of land in Manitoba and the Territories (average sales past
year $4 10 per acre) and 3,744,324 acres in British Columbi*.
I. G. Ogden, Sd Vice-President.
FIXED CHARGES FOR YEAR ENDING JUNE
1st Mort.
* 7,191,500
$7,000,000
£1,100
£200,000
£200,000
$2,544,000
£4,007,381
$2,000,000
158,
Bonds 5
p. c.
due July
1915
$1 ,749,931 66
Province of Quebec 4I20 P283,500 00
let Mort. 5 p. c.
North Shore Ry.
223 05
Bonds- redeemed April 20, 1904..
Cana 'a Central Ry. 2d Mort. 6 p. c.
Bonds due Nov. Ist, 1910
58,400 00
St. Lawrence & Ottawa Ry. 4 p. c.
38,933 34
Ist Mort. Bonds due June 15, 1910
Man. Sojth Western Colonization
Ry. Ist Mort. 5 p. c. Bonds due
127,200 00
J line 1st, 1934
Toronto Gray & Bruce Ry. Rental
140.000 00
5d. Ontario & Quebec Ry. Debenture
975,129 56
Stock .5 p. c
Ontario & Qaebec Ry. (Ordinary
Stock) 6p c
120,000 CO
Atlantic «fe North-West Ry. Ist
(less Government
Mortgage Bonds
proportion) due Jan. 1, 1937
136,333 34
Algoma Branch 5 p. c. Ist Mort.
182,iS0OO0
due July Ist, 1937
Bonds
Rental, Calgary & Edmonton Ry
138,357 60
-
£1,330,000
£750,000
Farnham to Brigham Jet..
Mattawamkeag to Vanceboro
Rental,
Rent'l.
1,400
23,800
372,8/9
32,318
32,784
40,027
2,050
.
Rental, Ni^w Brunswick Ry. System
Rental of Terminals at Toronto
Rental of rermluals at Hamilton...
Rental, Hamilton Jot. to Toronto...
Rental
St.
Stephen
& MlUtown
Ry..
Int rest on Montreal & Western Ky.
puicbase..
Interest on Equipment Leases
00
00
74
69
82
86
00
19,678 45
89,349 12
4% Debenture Stock.
for
Branch Lines
for Pacilic Coast Steamers
for Atlantic Steamships
for acquiring Mortgage
6 Mos. on £2,803,349
$47,007,389 67
Doluth Sonth Shore
& Atlantic Ry. Income Certificates
$3,000,000 00
&
Guaranteed Stock
$3,021,349 41
$7,586 096 64
$39,280,563 63
of
is
7,880,807
£16.922,305
lYear on £14,118,9 16
c.
$3,240,000 00
1,000,00000
5,100,000 00
Duluth South Hhore & Atlantic Ry, Preferred Stock
6,100,000 00
Duluth South Shore <v Atlantic Rv. Ordinary Slock
995,450 00
Kingston & Pembroke Ry. 1st Preferred Stock
do
2d Preferred Stock
134,650 00
do
do
do
Ordinary Stock
1,777,650 00
do
da
Minn. St. Paul & Sault Ste. Marie Ry. Preferred Stock.. 3,533,400 00
Minn. 8t. Paul <k -"ault Sto. Marie Ry. Ordinary Stock.. 7,066,600 00
613,20000
M nitobaANorth WePtern Ry. 5p.c. Deb. Stk.£126,000
415,000 00
Manitoba & North Western Ry 5 p. c. Preferred Stock..
5,612,113 63
ManltO' a & North W.'stern Rv. Common Stock
2,180,000 00
Montreal A Atlantic Ry. Common Stock
232,500 00
Saskatchewan & Western Ry. Common Stock
1,3^0,(.00 00
Ottawa Northern & Western Ry. Common By
1,417,500
roads of which principal or interest
guaranteed by C. P. Ry
Par value'
North- West Ry., Eganville Branch, 4 p.
-
Calvary
1,491,2.50
22,s,000
Bonds
<fe
IstMortgage
$302,400 00
967,500 00
British Columbia Southern Ry. 5 p. o. 1st Mortgage....
Columbia & Kooteuav Ry. 4 p. 0. Ist Mortgage
1,277,500 00
Columbia <fe Western Ry. 5 p. c. Ist Mortgage
5,691,000 00
Duluth South Shore & Atlantic Ry. 4 p. o. Coneol. Mort. 15,107,000 00
87'-,000 00
Great North West Central Rv. 5 p. c. let Mortgage
3,993,000 00
Minn. St. Paul & Saiilt Ste Marie Ry. 4 p. c. Cons. Mort
Mineral Ranee RB 4 p. c. 1st Mortgage
1,254,000 00
Manitoba & North Western Ry. 6p,c. lstMort.£539,900 2,627,513 38
Manltotia&NorthWestoruRy. 5p. c. Ist Mort. 219,000 1,065,800 00
Manitoba & North Western Ry., Shell River
33,000
160,600 00
Branch. 5 p. c. Ist Mortsrag<»
181,040 00
Saskatchewan & Western Ry. 5 p. c 1st Mort.
37,200
1,636,250 00
Montreal & Ottawa Ry 5 p, c. 1st Mortgage
Manltot a South Westeru Colonization Ry.
72,000 00
5 p. c. 1st Mortgage
616,119 67
North Shore Ky. 5 p. c. 1st Mortgage
780,000 00
Kootenay & Arrowhead Ry. 5 p. 0. 1st Mort
2-0,000 00
Vancouver <& Lulu Island Ry. 5 p. c. 1st Mort
500.000 00
Gieat North West Cent Ry. 5 p. 0. let Mort
3,075,000 00
Ottawa Northern (fe Western Ry. 4 p. c. Ist M
£720,000 3,504,000 00
Pacific Steamships 4 p. c. 1st Mortgage
400,000 l,946,66t>67
Souris Branch 4 p. 0. 1st Mortgage
225,000 1,0^5,000 00
Pacific Coast Steamship 5 p. 0. 1st mort
Atlantic
250,000
Bonds
Mortgage Bonds—
Atlantic
Stocks—
£3,933,748
Issuelfor General purposes
720,000
Issue for China and Japan Steamers
1,004,000
Issue for Souils Branch
Issue to retire Canada Central Ry. 1st Mort.
Issue
Issue
Issue
Issue
EXHIBIT "A."
ACQUIRED SECURITIES HELD.
30th, 1904.
1st,
<fe
North-West Ry. 5
p. c.
.
.
Edmonton By Ordinary Stock
Sept.
17,
THE CHRONICLE.
1904]
1029
BRITISH COLUMBIA LANDS.
EXHIBIT "B."
Columbia and Kootenay—
TotalGrant
DETAILS OP BALANCE SHEET ITEM.
"Miscellaneous Securities and Advances."
$280,000 00
Chateau Frontenac iQuebeo Hotel) Stock
97,823 57
NIAGARA Bridge & Real Estate
113.750 00
Dominion Express Company, Stock
15«,362 36
Insurance Premiums Prepaid
20,000 00
South Ontario Pacieic Railway Stock
35,00000
Nakubp & 8l can Railway Stock
7,650 00
Ontario & Quebec Railway Stock (cost)
15,0u0 00
Town op Morris, Man, Bonds
Am't realized from sale of Preference Stock $559,593 75
518,087 27
Less amount of origiual Investment
(5,625 Shares
Common Stock
41,506 48
still held.)
41,983
1,309
40,674
149,326
Quantity of land unsold
British Columbia Southeen-
TotalGrant
Sales to June 30th, 1904
3,600,000
5,002
Quantity of land unsold
$727,585 93
Canada North West Land Co Stock
190,000
June 30th, 1904.
Less canceled during year
Sales to
3,594,998
Total British Columbia lands
owned by
the
Company. 3.744.324
In addition to the foregoing the company is to receive through the
& Western Ry. about 2,500,000 acres of land.
Columbia
EXHIBIT "B."
$686,079 45
DETAILS OF BALANCE SHEET ITEM.
EXHIBIT
Land Grants—
"'€.'»
9,123,273 acres andTownsites sold, amounting to.. $32,577,067 94
6,793,014 acres disposed of to the Dominion Govern-
LANDS.
Acres.
Salet—
Canadian Pacific Land Grants—
July let, 1903, to June 30th, 1904.. 857,474
July l8t, 190^, to June 30th, 1903 ..2,260,731
Manitoba South Western Grant—
29,522
July 1 St, 1903, to June 30th, 1904 ..
July
Ist,
July
July
Ist,
Ist,
$3,51R,864
8,47 3,573
$4 10
3 75
113,303
699,610
384
4-23
128,434
177,081
522.490
407
June 30th, 1904.. 928,8S4
June 30th, 1903..2,639,617
$3,807,248
9,695,673
$410
367
1902, to ,)une 30th, 1903
..
250.452
Great North West Central Grant—
1903, to June 30ih, 1904 ..
1902, to JuLe30th, 1903..
ment in 1886
Amount Average.
Realised. Per Acre.
41 ,858
2-79
10,189,52100
$42,766,588 94
iess— Expenses, cultivation rebate and 10
Land Grant Bonds retired and canceled
p. c.
on
4,071,659 49
$38,694,929 45
Add—
Proceeds Manitoba South Western Colonization Ry.
1,732.697 24
LandSales
Proceeds Great North West Central Ry. Land Sales..
Proceeds Manitoba & North Western Ry. Land Sales
675,826 81
19,738 85
Total SalesJuly
July
Ist, 1903, to
1st, 1902, to
$41,123,192 35
5,922 91
Proceeds British Columbia Land Sales.
$41,129,115 26
Intereston Deferred Payments
POSITION OF LAND GRANTS AT JUNE 30TH,
Canadian Pacific—
174,594 95
1904.
Acrei.
Acres.
Grants
.26,710,400
Disposed of to the Dominion Government under
agreement of March 30th, 1886
6,793,014
$41,303,710 21
Deduct—
$41,160,443 64
9,187,620
64,347
EXHIBIT "E."
9,123,273
Quantity of land unsold
CONSTRaCTION— ACQUIRED AND BRANCH LINES.
.10,794,113
Manitoba South Western—
Total Grant
1,396,800
June 30th, 1904
1,020,617
23,201
Less can celed during year
997,416
Quantity of land unsold
399,384
Great North West Central—
TotalGrant
Sales to June 30th, 1904
320,004
175,151
Quantity of land unsold
owned by the company
Waskada Branch
McGregor Branch
Lauder Extension
Pheasant Hills Branch
Surveys projected Lines
$3,402,659 75
11,339,350
RECEIPTS AND EXPENDITURES YEAR ENDED JUNE 30TH,
Cash
in
hand Jane
$49,401 86
41,959 74
71,823 98
2,842 83
710,035 11
10,142 00
6 103 02
15.625 05
12,092 15
1,983 60
10,441 83
2,443,334 27
26,874 11
Toronto-Sndbury Line
Lachlne Canal branch
Crows Nest Pass Branch
Souris Branch- Pipestone Exten'lon
do
—Arcola-Regina Extension
Snowflake Branch
Lake Winnipeg Branch
Darlingtord Extension
144,853
Total agricultural land
143,266 67
Expenditures on Irrigation.
19,917,386
Sales to Jane 30th, 1904
Less canceled during year
Bales to
$615,219 57
470,624 62
Xess— Interest on Land Bonds
30, 1903
EXPENDITURES.
$12,172,612 03
JtEOEIPTS.
Surplus revenue, as per statement
8,318,276 90
1904.
Dividends on Preference Stock.
2 per cent paid October 1st, 1903
2 per cent paid April Ist, 1904
$650,000 00
653,406 65
$1,303,406 65
Insurance Received fob Stbamship "Monterey"..
340,666 67
Land Department—
Dividends on Ordinary Stock.
3 per cent paid October lat, 1903
3 per cen paid April 1st, 1904
$2,535,000 00
2,535,000 00
5,070,000 00
Lands and Townsites—
Pension Fund.
Amount contributed for the year
Hotels, buildings aud properties held in trust for the
Net proceeds of sales
$4,301,173 96
Leas amount remaining in Deferred
Payments
3,394,024 53
Company
Construction acquired and branch lines. Exhibit "E"
Additions and Improvements, main line and branches.
Exhibit 'F"
Additions and Improvements, leased and acquired
lines, Exhibit "G"
Rolling Stock, Shops and Machinery
.
$907,149 43
Collection of Deferred
previous years' sales
Payments on
Bonuses DomiElon Government Subsidy on—
Lake Winnipeg Branch
Waskada Branch ..
Pheasant Hills Branch
1,795,903 78
2,703,053 21
$1,5.50
NewMoiitteal ^h()ps
Ocean, liake and Kiver Steamships.
Additional barges and appurtenances...
00
Pad tic
64,000 00
378,624 00
1
414,174 00
Consolidated Debenture Stock—
Amount realized from ieeue of £3,103,349.
979,393 19
.
15,679,340 19
.f40,687,516 19
ADDStatton and Traffic Balances and acroniits recolvable
$5,412,382 19
Advunces to New Lines under construction
5R8.847 94
Mlecellaneoufi Sepnrltieo and advances!
686,079 45
ernments
154,962 28
Atlantic Steamships.
375,487 42
Fitting stCHmships for Passenger service
of
3.000,000 00
bonds
Advanced Montreal & Atlantic Ry., on its First Mort.
Bonds for Additions and Improvements
Securities AcquiredNorth shore Ry. Ist Mortgage Bonds...
5,363 33
Ottawa Northeru & Wosterii Ry., Balance on 1st Mortgage Bonds
983,765 96
Manitoba & North Western Ry., 1st
Mortgaae Bonds
1,065.80000
Calgary »fe Edmonton Ry., Capital Stock.
600,(. 00 00
Kingston & Pembroke Ry., Preferred
and Ordinary Stock
849.518 30
in
current liabilities
.
.$6,912,414 73
at
June 30th, 1903
9,175,191 22
2,262,776 49
$42,900,282 68
Cash
in
hand
375,482 23
3.404,437 59
303,705 61
$31,761,716 09
603. 126 55
245,105 15
Less increase
Amount
1,222.005 34
4,190,713 87
2,058,049 32
19,487 22
two new Steamships
Increase In material and supplies on hand
Due from Imperial and Dominion Gov-
6,343,535 96
Coast Steamships.
oiiipletion of
Land Grant Bonds.
Amount paid Dominion Government on account
Four P«b Cent Pbefebence Stock—
Amount realized from issue of £200,000. ..
80,000 00
457.782 85
3,402,659 75
.
$31,15H,5S9 54
11.741.703 14
$12,900 292 68
THE CHRONICLE.
1030
KXIilHIT "F."
DETAILS OF EXPENDITURE OX ADDITIONS AND IMPROVE
MENTS FROM JULY 18T, 1903, TO JUNE 30TH, 190i.
MiUN LlNBQUEBECTO BONFtELD
$217,018 74
686,645 70
4,114 4 .3 65
627,8^3 91
152,149 'J2
BONKiei-D TO Port Artiidr
PoBr Arthur to Laooan
Lagoan to Vancodvkr
Montreal TeroilnalB
Beancii Lines
Telegraph Extensions and Additions
Rented and Temporary Sidings
:}49,49.">
'0
112,335 01
83, ..84 53
Total tor Improvements, Main Line and Branobe8,.$6,343,535 96
EXHIBIT
««G."
EXPENDITURE ON LEASED AND ACQUIRED LINES FROM
JULY 1ST, 1903, TO JUNE 30TH, 1904.
Ontario & Quebec Railway
$456,438 27
Atlantic & North-West Railway
260,947 05
New Brunswick Railway
164.290 98
^
Montreal & Westkrn Railway
11,680 58
Manitoba Southwestern Colonization Railway
Columbia & Kootenay Railway
,.
Manitoba North-Western Railway
Great North-West Central Railway
Lake Temiscamingue Colonization Railway
British Columbia Southern Railway
«fe
Totalleased and acquired lines
64,106
141,755
19,627
2,326
1,123
99,709
26
53
31
99
10
27
$1,222,005 34
I
Vol. lxxix.
STATEMENT OF WORKING EXPENSES FOR THE TEAR
ENDED JUNE 30TH, 1904.
CondiKtIiig Transportation
Maintenance of Way and dttuoturea
.Maintenance ot Equipment
Parlor and Sleeping Car Kxpenses
$10,149,578 15
7,372,408 26
lGl,(jj<i 09
519,W91 12
l,5N9,ia( 79
090,722 89
$32,256,027^
Total
The clasRlflcatlon of accounts was changed during the year to make
them conform to the practice now general on chlB continent. The
accounts for 1903 classified In the same way are given below for
comparison.
STATEMENT OF WORKING EXPENSES FOR THE YEAR
ENDED JUNE BOTH, 1903.
Conducting Transportation
Maintenance of Way and Structiu-es
Maintenance or Equipment
Parlor and Sleeping Car Expenses
Expenses Lake and River Steamers
General Expenses
Commercial Telegraph
$14,045,459
6,642,165
4,864,550
144,349
470,773
1,405,790
54;, 438
79
17
69
83
06
57
15
$28,120,527 26
TotaL
STATEMENT OP EQUIPMENT AT JUNE
30TH, 1904.
934
Locomotives
First and second c'ass Passenger oars, Baggage cars and
Colonist sleepmg cars
First class sleeping and dining cars
Parlor cars. Official and Pa\ masters' cars
-
-
Freight and catile cars (all kinds)
Cona actors' vans
Board, Tool and Auxiliary Cars and Steam Shovels
EXHIBIT "H."
3,lt;j9i
.'5,8
ExpenMeH of Lake and Rlvei- Steamers
General Expenses
Commercial Telegraph
814
141
48
28,060
...
511
993
SUMMARY STATEMENT OP EXPENDITURE FOR ADDITIONS
AND IMPROVEMENTS AND ADDITIONAL ROLLING
STOCK SINCE
Locomotives
Locomotives under oonsiruction.
Equipping lopomotlves with electric headlights and air brakes...
Sleeping, Parlor, Dlnmg, Official
and Pay Cars
1901.
OCEAN, LAKE AND RIVER STEAMERS.
212 $4,441,664 39
6
26,209 60
Atlantic Service.— Lake Manitoba, Lake Champlain, Lake Mlohl"
gan. Lake Erie, Mount Temple, Montcalm, Montford, Monteagle, Mont"
rose, Montreal, Milwaukee, Mount Royal, Montezuma, Monmouth.
10,202 13
Pacific Service —Empress of India, Empress of Japan, Empress of
34
513,179 90
China, Tartar, Athenian.
69
655,254 48
Pacific Coast Service.— Amur, Beaver, Charmer, Danube, Otter,
Princess Beatrice, Princess Louise, Princess May, Princess Victoria,
Queen City, K. P. Rlthe Tees, Yosemlte.
Passenger, Tourist and Colonist
Coaches
Proportion of Montreal & Boston
Air Line Equipment
Gas plants at various points on
the t-ystem, and tquipment for
lighting Passenger trains by gas
insteadofoll
31
Baggage, Mail and Express Cars.
Baggage Cars under construction
10
Conductors' Vans
149
Box, Stocft, Refrigerator and Furniture Cars
4,520
Box Cars under construction
1,000
Flat, Coal and Ore Cars
2,300
50
Other Cars and Snow Plows
25
Vans uuder construction
31,568 00
153,169
158,672
17,4-6
135,029
,
Upper Lake Service.—Manitoba, Athabasca, Alberta.
British CoLUMBii. Lake and River Service.—Aberdeen. Kokanee,
32
33
94
75
Mlnto, Moyle, Nelson, Kossland. Columbia, Proctor. Sandon. Schwatka,
Siocan, York, Victoria, Kootenay, Valhalla, Wm. Hunter, Ymlr,
Ferry Service.— Michigan,
4,140,707 53
122.476 43
1,780,302 69
286,274 03
1,315 06
-$12,473,482 61
Angus shops atMontreal.$2,786,136 79
Additional machinery....
Additional shops
other points
3,356,176 65
253,288 68
and machinery at
294,724 70
$3,904,190 03
Reduction of grades
DESCRIPTION OF FREIGHT CARRIED.
Year Ended Jcke 30rH..
1 904.
1903.
190 2.
5,110,757
5,,270,432
4.921.993
52 .990,151
63,822.710
52,719.706
1.103,t>86
1 ,314,814
963,742
1,033,569.377 1,190,37-,217 1,267,,804.321
Lumber, Feel
270,803
268,401
204,963
Firewood, Cords
3 119.t69
2,6d5,260
2, '8fs,234
Manulac. Articles, Tons.
3 620,515
2,942,736
2,571,136
All other Articles, Tons .
Flour, Barrels
Grain, Bushels
Live Stock. Head
570,039 86
New shops— Winnipeg..
Ontario.
$2,118,578 85
Permanent bridges and improvements
4,947,997 82
to line
7,066,571 67
Sidings— Business
Crossing
$298,962 45
959,998 79
Terminals— Property acquired
FREIGHT TRAFFIC.
1,238,961 24
for
Winnipeg
handiltig plants
Telegraph Extensions and Additions
. . .
3,862,242,993
0-74 Cts.
.
.
1904.
11,135,896
10,180,847
3,247,922,167
one mile
0-75 cts.
Earnings per ton per mile
1,576,039 42
30th.
1903.
1902.
8,709,934
Number of tons carried
Number of tons carried
681,79116
Increased station yard and other aocommod tion at other points on system (luoluding purchase Esplanade
Property, Toronto)
Additional Elevators, Fort William and
Port Arthur
Wharves, Docks, Warehouses and Coal-
Year Ended June
.
and
expenditure to enlarge Terminals at
Ottawa
$13,714 86
Montreal
880,533 40
3,809,801,952
O 77
Cts.
PASSENGER TRAFFIC.
^Ykak Ended June
2,801,35109
857,809 46
Number of passengers carried
Number of passengers carried one mile
Earnings per passonger per mile
705.949 71
373,000 05
30th.-s
1904.
1903.
5,5a4,198
635.855,533
173
6,'?51,471
677,940,498
1'83 ota.
ot«.
7,573,110 97
Amount applied
From proceeds Ordinary Stock
From proceeds Preference Stock
From Surplus Earnings
$31,017,355 28
STATEMENT OF CANADIAN PACIFIC RAILWAY PENSION
DEPARTMENT TO JUNE 30TH, 1904.
$19,500,000 00
979,^93 19
3,000,000 00
23,479,393 19
Temporarily advanced from Sorplos EarningB
$7,537,962 09
Amount contributed by Company originally
Amount contributed by Co. for vear ended June
Amounts received from int. on investments and
Payments
STATEMENT OF EARNINGS FOR THE YEAR ENDED
JUNE 30th. 1904.
From Passengers
"
"
"
"
"
Freight
Malls
Express
Parlor and Sleeping Cars
Telegraph, Grain Elevators and Miscellaneous,
including profits on Pacific Steamships
Total
$12,418,419 33
29,235,821 04
681,224 12
l,062,37Hbl:
721,006 14
2,350,281 77
$46,469.132 24
of Pension Allowances to
$250,000 00
80,000 00
balances.
21,737 28
30,
June 30th, 1904
Investments— Mortgages and Bonds
1904
.
$351,737 28
11,076 74
$340,660 54
332 ,268 16
$8,392 38
Cash in haud
Number on Pension Roll at June
Under 60 years of age
Between bO and 70 years
Over 70 years of age.
Total
30th, 1904.
3
of age
45
"1
9'
2
,
THE CHRONICLE.
Sept. 17, 1904.]
1031
THE YAZOO & MISSISSIPPI VALLEY RAILROAD COMPANY.
TWENTY-THIRD ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE
of miles of railroad operated
have since been added
The number
There
30,
by the Yazoo & Mississippi Valley Railroad Company on June
1904.
l,163-84
8-42
°^
1903, Mattson to Roundaway, Miss.
January 4, 1904, Roundaway to Hendon, Miss
July
was
30, 1903,
:
1,
^ ""
Making the number of miles of railroad in operation on June 30, 1904
the year ended June
The average number of miles of railroad operated by this Company during
average of 1,163-34 operated during the previous year.
1173-11, against an
June dO, ia04
The following is a summary of the Company's business for the year ended
Gross KeoelptB from Traffic
Expenses ox Operation
Taxes
13-13
30, 1904,
has been
1,175"46
.$7,868,334 84
..$5,754.586 70
6,095.618 15
341,03145
and Taxes
Income from Traffic, being the excess of Gross Receipts over Expenses of Operation
Interest collected on Investments
*^''^3'558 il
'
Excess of Income over Expenses of Operation and Taxes
From this there has been paid, for Interest on
$1,776.274 80
:
& M. V. First Mortgage Bonds
$2,800,000
9>09 472 82 Y. & M. V. 4% Improvement Bonds
^
Y.
16,832,000 00 L. N. O.
&T
First
^Xi^'^jaoi
R7^'9sn no
o/a,-iov\>\f
Mortgage Bonds
Surplus June 30, 1904, over
all
1,197,658 92
'-
Total of Absolutely Fixed Charges
$578,615 88
Absolutely Fixed Charges
As compared with the preceding year
,
.
The average number of miles of railroad operated increased
Gross Receipts from Traffic increased
Expenses ol Operation increased
-_
Taxes increased
, \i,
-.---v;
/
IV"*
Excess of GroHS Receipts from Traffic over Operation Expenses ard Taxes increased
Excess of Income over Expenses of Operation and Taxes Increased
results of the
Company's business
Taxes for
Average
-•---
June ZOih.
of
Miles
Operated.
1,000-68
1,056 ."il
1,09532
l,16-?-34
1.173-11
1904..
thf:
of.
Operation.
Gross Receipts.
807-27
807-27
807-27
807-27
807-27
807-27
954-80
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
Cut rent
Expenses
Number
Tears Ended
Traffic over
Expeiises
of Optration
Taxes.
$8,319,131
3,338.859
3,331,334
3,529,625
3,936.613
4,775,647
4,5' 6,349
5.300,889
6.127,941
04
60
58
10
20
$2,463, 653 47
.53
72
55
75
6,587,35"- 80
7,3^0,085 27
7,868,334 84
20
2,290 207 50
2.V34, 625 51
2,5S0, ^33 98
3,063;975 1
2,28<', 370
3,162, fS42 37
8,217, 796 24
3.757 8»5 82
4,422, 674 39
5,37<', 207 12
5,754 586 7o
and
68
90
55
75
18
1,569,028 15
1,257,334 25
1,905,176 0^
2,060,869 97
1,882.419 13
1, 656,9 2 S 49
1,772.716 69
"
ri ?48 qn "
la'boi
±o,vv 61 "
Total Income,
including Interest
on
Investments.
Taxes.
$759,139
969,397
951,068
1,191,290
1,260,897
$96,337 89
89,091 40
90,0°^ 8 58
103,708 84
124,982 09
142,644 26
15fi,473 10
177,917 26
300.355 96
282.262 28
302,952 66
341,031 45
an k
io^^K qV
in each of the past twelve years
Receivtsfrom
"Sear, exelu.ive of Back
>_„-
^
Excess of Oross
°®"*
"'^
-'.H^®'^
384 3'9 58 " 7-16
79 " 12-57
38078
Total of Absolutely Fixed Charges increased
The Surplus from tne year's earnings increased
The following table shows the
oiq^T
««;Qfi
fj.QQ
1
m
5-42
3-21
:
Fixed Charges,
Exclusive of Interest
on Second Mortgage
Income Bonds and on
Land Grant Income
Surplus.
Bonds of the
L. N. O.
dt
T.
hy. Oo.
50
10
72
72
72
785,20.' 73
916,680 00
946,240 00
l,0O4.3OB 36
1,064,417 30
1,136,110 62
1,197,658 92
$774,412
754,495
693,722
690,522
690,522
$781,693 02
973,ti28 85
955,623 98
1,191,359 72
1,260,^*64 00
1,569,234 19
1.257.601 53
1.905,539 49
2,070.385 27
1,930,171 14
1,696,717 89
1,776.274 80
52
75
26
00
28
47
58
49
l,06(^ 078 91
865, 753 84
660, ,607 27
578, ,615 88
$7, 280
219, 133
261, 901
500, 837
570, 441
784, 031
340, 921
959, 299
Bonds or the
The surplus here shown is stated without the payment of any interest on either the Second Mortgage
Orleans & Texas Railway Company, of which $9,104,000 and f 10,000,01)0
Land Grant Income Bonds of the Louisville New
are. respectively, outstanding,
..
.,
.,..,
ii.i, paid on t-u^.^
be „;;i «_ them
The mortgage given in 1886 to secure the Second Mortgage Bonds provides that interest is only to shall be cumulawhen it shall be earned and so determined and declared by the Board of Directors, but that such interest interest on such
the unpaid interest, with
tive, and in case le?s than two and one-half per centum be paid in any half-year,
for subsequent
unpaid interest at the rate of five per centum per annum, shall be carried forward to the credit of the bonds
payment as such net earnings shall suffice for, or at the maturity of the bonds.
^
„ ^
and u^
be
The Louisville New OrleaDs & Texas Railway Company permitted the interest on these bonds to accumulate
Mississippi V^^^^
compounded until the autumn of 1892, when that Company was merged into the Yazoo &
and 1903,
ComVany. Since then in each of the Bscal years ended June 30, 1893, 1894, 1895, 1896, 1897, 1898, 1901, 1903,
ine
from $198,451 to $1,016,078 91 per annum have been m-de on account of interest due thereon,
payments ranging
,
amounted on June 30, 1904, to *5, (193, 916 46.
arrears of interest due and unpaid on the.se bonds
,,
t
vuna.
a
As explained below, the sum of $33,000 has this year been taken from current income and added to the insurance *!>MiJ,have determined and declared that tiie
The Board of Directors of the Yazoo & Mississippi Valley Railroad Company
Bonds of the Louisville iNew
815 88 remining shall be paid on September 1, 1904, to the owners of the second Mortgage
,.
,
i
i.
.
Orleans
No
Orleans
&
„,-...
Tcxax Railway Company on account of the interest th^n due thereon.
t
-n
tm„,..
New
on any part of the $10,000,000 of Land Grant Income Bonds of the Louisville
payment secured by any lien upon the railway or the income theretrom.
Texas Railway Company, nor is such
•
interest has ever been paid
&
ADVANCES ON LINES IN CONSTRUCTION.
The advances made during the year on new
lines or
branches in Mississippi have been as follows
_
.,
^
*
Tutwiler » T u ^
to Lake Cormorant
Belzona to Yazoo City
Mattson to Hendon
yart)rou>{h to Swan Lake
Mississippi State Line to
Lake View
•
-
—
•
-
••
-•
:
$224.822 41
246 575 40
.'j3'l»5 18
----^gg'^p^ 07
'
1*394 60
I
$719,75166
Total
the ^^ransportaThe sums here given do not include advances made in previous years, or any charges for interest, for
outlay
Railroad, or for the use of its equipment, but merely the oabh
tion of materials over the Yazoo & Mississippi Valley
during the year ended June 30, 1904.
INSURANCE FUND,
as heretofore.
The Fund now amounts
to $251,127 99, an increase during the year of $3i,268 93
.
THE CHRONICLE.
1032
[Vol. Lxxii.
PERMANENT IMPROVEMENT8 CUARQED TO CAPITAL.
As shown in Abstract A, the total outlay during the year for Permanent Improvements, including Advances on Lines
in Construction, has been Sl,0"^8,164 57.
Four Pc-r Cent Gold Improvement Bonds of The Yazoo & Mississippi Valley Railroad Company have been issued to
amount and
this
sold at par.
QENEKAL REMARKS.
During the year under report the average receipts per ton of freight carried one mile were 923-1000 of a cent, being 501000 of a cent more than in the preceding year and about as much (t9-l 000 of a cent) less than those of tiie year ended
June 30, 1903. This increase in the average rate received during the year under report over that which prevailed
the
year ended June 3 ), 1903, is accounted for by decreased shipments of coal and export grain, which are carried at very low
rates, and by increased shipments of merchandise, meat and food products and other commodities, which bear higher rates.
Tlie expenses of operation have again exceeded those of the preceding year:
m
In Malntenauoe of Equipment by
In CondnotiDg TranKportatlon by
In General Expenses by
$125,321 71 or 16" 11 per cent
iOS.O.^C 39 " 14 24
1-66
3,328 58 "
Against whloh there has been a decrease in cost of Maintenance of
Making the
total increase in
Way and Structures
i5531,706e6
147,327 08 "
of
9*35
"
716
$38,078 79 "
expenses of Operation, exclusive of Taxes
1257
$384,379 56
There has also been an increase in Taxes of
The decrease in Maintenance of Way and Structures was chiefly due to freedom from serious damage by floods. The
track was not only fully maintained, but materially bettered; 5,381 tons of new rails were laid at a cost of $140,918 78, as
against 2,330 tons laid in the preceding year at a cost of $78,027 13, and the average weight of all rails in main tracks was
increased from 60 pounds per yard to 63 pounds per yard.
The Expenses of Operation, exclusive of Taxes, amounted to $5,754,586 70, and consumed 73'136 per cent of the Gross
Receipts.
The Expenses
of Operation, including Taxes,
amounted
to $6,095,618 15
and consumed 77'47 per cent of the Gross
Receipts.
That the Surplus over all absolutely Fixed Charges shows an increase of only $18,003 61, or 8'21 per cent, is doe to the
payment of interest on the larger amount of Four Per Cent Improvement Bonds outstanding, to increased Taxes, to the
very greatly increased expense of conducting transportation arising from the higher cost of material, particularly fuel,
and to the very great increase which has taken place In payments to' employees, the pay-rolls for the year 1904 having
amounted to $3,755,791 39, as against $3,498,370 83 in 1903, an increase of $257,420 58, or 736 per cent.
No stronger evidence of the prosperity prevailing in the territory served by your railway can be found than is shown
in the growth of your Receipts from passengers, which having in the year ended June 30, 1903, amounted to $1,540,655 90,
have this year been $1,781,047 09, an increase of $240,391 19, or of 15'6 per cent while there was an increase in Receipts
from Freight of only 4*91 per cent.
The service to the public has continued to increase as is shown in the following table
;
:
Units of service rendered (being the sum of the
figures given in the two preceding columns).
number of paasenger$ Tons
rears ended June 30.
carried one mile.
of freight carried
one mile.
Irurease over
preceding year.
Amount.
1900
1901
1902
1903
1904
42,534,812
55,347,045
57,353.516
62,997,133
71,187,410
,
Increase in 1904 over 1900
Per cent of increase
The General Balance
417.074,552
523,508,874
525,859,072
651,832.148
676,085,928
459.609,364
578,8S5,919
28,652.598
67-36
,
259,011,376
287,663,974
62-59
714,829,281
747,273,338
6210
Sheet, the abstracts explanatory thereof,
detail the results of the year's business.
The thanks of the undersigned are, as ever,
service.
119,246,555
4,356,660
131,616,693
3^,444.057
58.^,212,588
and the tables submitted herewith, give in greater
due and gladly tendered to the
officers
and men
in every
branch of the
Respectfully submitted,
New
York, September
STUYVESANT
10, 1904.
FISH, Presidtnt.
GENERAL BALANCE SHEET.
Abstract.
X
Abstract.
Road and Equipment....
$57,326,944 49
F
B
MATBBIAL and SnPPLIEB.
F
542,413 59
1
F
1
D
Assets in Insdkance Fund
251,127 99
!
F
1
F
Assets in Pension Fund..
50,000 00
i
Capital Stock
Funded Debt:
5% First Mortgage Gold
Bondsof 1952-(Y. &M.
V. RR. Co.)
4% Gold Improve'l Bonds
and Scrip of 1934-(Y &
M. V. Rli Co.)
4% First Mortgajie Gold
Bonds of 1934— (L. N. O.
&T. Ry. Co.)
5% Second Mortgage
9,104,000 00
10,000,000 00
(L.
N. O.
&
LIABII.1TIE8.
shown
in Table 1 [in
OoBtof Road and Equipment, as per general balance
slieet
pamphlet report]
50,033,637 39
514,443 63
546,615
607,261
251.127
50,000
88
18
99
00
958.170,486 07
$58,170,486 07
as
16.832,000 00
6% Land Grant Income
Bonds of 1934— (U N. O.
&T. Ry. Co.)
Profit and Loss......
Insdbance Fond....
Pension Fund.
Amount expended durmg the year,
11,297,^37 39
Inof 1934T. Ry. Co.).
lNCOME(applicableto Over
due iniMrest on Second
Mortgage* Income Bonds)
Cost of Road and Equipment to June 30, 1903
$2,800,000 00
come Bonds
C Net
ABSTRACT A—ROAD AND
$6,168,400 00
EQUIPMENT.
$55,«38,779 92
1,688,164 57
$57,326,914 49
.
1
THE CHRONICLE.
Sept. 17, 1904.]
ABSTRACT B— MATERIAL AND
Track Material
Right of Way Material
Bridge Material
Building Material
Signal Material
Water Works Material
Tools
Supplies!."!."!!!"
Axles, Wheolsand Tires
Iron and Steel
Iron and Steel Castings
'
•
••
SUPPLIES.
Brought forward
$303,397 28
.^'on^2^
9^
T„', 9 0*
17,106
8 40
2,063 83
Paints and Supplies
Lumber
i'P.?2?^
5,913 10
M^Tiufactured Material
General Merchandise
Steel 8p.ln«8
Flues, Pipes and Fittings
Bolts, Nuts and Washers
23,014
9l':78
2 666
1,563
6,352
Fuel
^'®?^*J
fob 85
768 81
5'*,^Z
Scrap Material
Articles in Process or
Manufacture
Miscellaneous Merchandise
51
04
97
27
29
[$542,413 59
Total
ABSTRACT C—ASSETS AND
LIABILITIES.
Liabilities.
ASSETS.
$2,688
173,138
21,611
511,443
-
A^fents
Solvent Companies and Individuals
Balance—Net
533 71
3,67149
7,343 23
1,404 33
822 99
4,579 06
942 78
OilandWaate
3,74947
CarCouplers
Due from
Due from
^s<?7.740 92
Nails andHivets
Air Brake Material
Brass, Copper and Tin
if
6,419 75
1,1^2 10
Bills Receivable
1033
Liabilities
63
^8
Payable on Demand—
AuDiTKD Vouchers—
Vouchers Audited prior to June 1, 1901..
Vouchers Audited fir June, 1904
81
63
$15,'756 081
63.024 29
Wages and Salakibs—
Due
Due
Net
prior to June I, 1904
for mouth of June, 1904
Traffic
panics
$78,780 37
$51,021 ."iO
185,120 12
236,141 62
I
1
Balances due to other Com15,089 28
. .
Payable at Future Dates—
Interest on Funded Debt accrued to
June 30, 1904 but payable after July
1,
1904
Fund
Fund
for Renewal of Enelnes and Cars..
for Automatic Couplers and Air
$236,093 34
64,303 4)
Brakes
Other Accounts payable
$711,882 65
Total.
ABSTRACT
19,935 21
61,539 38
381,87138
Total
$711,882 65
E.-APPLIOATION OF INCOME.
dh. items —
Net RECEifTs During the Year Ended June 30, 1904—
From the Operation of the Railroad as shown in Abstract G.
Interest on Bonds owned
Interest on Land Notes
Available for Interest on Bonds
OR.
$1,772,716 69
3,320 00
238 13
$1,776,274 80
.
ITKMS-
Interest paid on December 1, 1903, and June 1, 1904, on $2,800,000 Y. & M. V. First Mortgage 5 per cent Bonds
Interest paid January 1, and payable July 1, 1904, on $9,609,472 82 Y. «b M.V 4% Improvement Bonds and Scrip
Interest paid September 1, 1903, and March 1. 1904, on $16,832,000 L. N. O. & T. First Mortgage 4% Bonds
Added
to Insaranoe
Amount
$140,000 00
381,378 92
673,280 OOj
$1,197,658 92
33,000 00 $1,230,658 92
Fund.
applicable to Overdue Interest on Second Mortgage
Income Bonaa.
545,615 88
$1,776,274 80
TABLE
STATEMENT OF RECEIPTS FOR THE YEARS ENDED JUNE
No. 3.— COMPARATIVE
Teak Ended June
30th.
Inereast.
1904.
Freight
$5,534,742
1,781,047
119,473
118,624
20,968
9.669
110,560
7.094
Passenger
Mall
'
Express
Excess Baggage
'
!*!!
Train Pi-ivUeges
Rent of I'roperty
\
TelCKraph
Storage
Demurrage
Switching (balance)
'Railroad Hotel
Miscellaneous
.
'.'.'.....
66
09
18
74
28
00
24
86
17,8ti6 52
12,026 17
32,556 26
103,7i5'86
$7,868,334 84
Total
*
1903.
2-25
$7,330,086 27
$538,249 57
7-34
Total
3,23 2,935 50
201,000 75
$5,754,586 70~
1-25
14-53
14'63
21-40
12-17
109
15-71
$17,670 40
Last year Oross Receipts were shown iu
THE YEARS ENDED JUNK
30th.
Increase.
...
Dtcreate.
4-91
15-60
2,"2S5'46
Year Ended Junb
$1,428,421 91
HM9,228 54
1903.
18 83
107-44
4.—COMPARATIVE STATEMENT OF OPERATION EXPENSES FOB
Maintenance of Way and Stkuctures
Maintknance of Equipment
CoNDuciiNO Transportation
.
(iENKRAi, Expenses
AND
Per Cent of
Increase
or Decrease.
$259,070 48
240,391 19
1,475 14
15,049 97
2,675 94
1,704 16
11,998 23
76 2«
2,425 87
1,905 57
16,861 70
"Note. -This year's expenses of Railroad Hotel, in excess of receipts, are stated in Table No. 4.
3, and Expenses in Table No. 4.
1904.
1904
18
90
04
77
32
84
01
60
65
60
56
40
40
$5,275,672
1,540,655
117,998
103.574
18,292
7,964
98,552
7,018
15,440
10,120
15.694
17,670
101,430
Table No.
TABLB No.
30,
1903.
30, 1904
Per Cent of
Increase or
Decrtaie.
763,906 83
2,829.H79 11
200,672 19
$12S"32l"7i
403,056 39
3,338 ."^6
9-36
16-41
14-24
1-66
$5,370,207 12
$384,379 58
716
$1,.575.748 99
AND
1903.
Decrease.
$147,327 08
.
.
THE CHRONICLE.
1034
TABLE
No. 6.— COMPARATIVE
[Vol. Lxxix.
STATEMENT OP GENERAL OPERATIONS FOR THE YEARS ENDED JUNE 80,
Tear Ended June ZOth.
Inereate.
1901.
MUea
of
1903.
1,17311
Road Operated
,
1904
AND 1903.
Per Cent of
Inereate or
Dtereate.
Dtereate.
10-77
1.162-84
93
2-21
4-12
2,--!41,6w0
Miles run by Mixed Trains
2,192,179
1,613.409
241,056
1,549,627
241,413
63,782
2,«42
Total Revenue Train Mileage
Miles run by t'onstructlon Trains
Miles run by Swltohtu^ Engines...........
Other Engine Mileage
4,049,643
410,407
9^3,644
136,026
4,032,720
364,056
1,038,185
105.7; 8
1«,9'23
-42
46,351
1273
30,248
5-25
28-60
Miles run by Kremhl Trains
.....
Total Engine Mileage
2,149,786
434,520
4-97
1-02
3-77
5-71
-85
599,^38,760
76,547,168
676,085,928
71.187.410
5,121,043
62-27
3-7 2
13 00
604,659,8(»3
...
No. Of Tons of Revenue Pr'ght carried One Mile
No. of Tons Of CJompany Pr'ght carried One Mile
Total No. of Toil 8 of Freight carried One Mile
Number of PasaenKcrs carried One Mile
-70
1 10,316
43,294,754
10,825,731
64.120,485
7,614,467
..........
.
38,981
5,5~ 0,739
41,144,^68
10,936,047
52,081,015
8,048,993
.. ............
64,541
20,374,823
24,253,-80
8.190,277
5,579,720
MllOHge of I^oadert Preleht Oars.
Mileage of Empty FrelKht Gars
Total Mileage of Freight (.'arg
Total Mileage of Passenger Cars
49,501
109
47,172,345
651,S32,148
62,997,133
2,039,470
Gross Receipts
. .........
Operation Expenses.
........
.
Excess of Rec'ptB over Op. Exp., exol. of Taxes.
$7,868,334 84
6,754,586 70
2,113,748 14
$7,330,085 27
5,3'J0,207 12
1,959 878 15
$538,249 57
384.379 58
153,869 99
7-34
7-16
7-85
Oross Receipts per Mile of Road ......... ..
.
Operation Expenses per Mile of Road
Bxoess of Receipts over Operation Expenses,
per Mile of Road, exclusive of Taxes
$6,707 24
4,903 41
$6,306 32
4,620 17
$400 92
285 24
6-36
6-17
1,801 83
1,686 15
Tons
6-86
$1 81 77-100
1-33 17-100
$012.»3-100
•08 93-100
6-89
6-71
•52 20-100
•48 60-100
•03 60-100
7-41
One Mile per
of Revenur Freight carried
MUe of Road Operated
Pass, carried One Mile per Mile of
9,141
i^
246-09
31-42
277-51
14-57
16-43
38-33
.
3-15
243-51
19-00
262'>1
13-97
15-06
35-)7
21 -3
1-76
11-96
6,484
17-44
4-36
21-80
16-89
4-49
Av. No. of TooB of Revenue Freight in Train...
Av. No. of Tons of Company Freight in Train
Average No of Tone of All Freilght In Train...
Av. No. of Tons of Rev Fr'htineach Loaded Car
Av. No. of Tons of all Fr'ght In ea oh Loaded Oar
Average Nnmher of Passf^ngersln Train
No. 7.— COMPARATIVE
520.209
54,199
511,068
60,683
Road Oper't'd
Average No. of Loaded Freight Cars In Train..
Average No. of Empty Freight Cars In Train..
Average No. of Total Freight Cars in Train
table:
115-68
$1-94 30 ICO
1-42 10-100
Gross Receipts per Revenue Train Mile
Operation Expenses per Revenue Train Mile...
Excess of Receipts over Operation Expenses,
per Revenue Train Mile, exclusive of Taxes..
1-06
65-37
5-71
4-29
2-58
!
12-42
1500
-60
1-37
910
316
8-98
AND
30, 1904
Year ended June 30th.
3,585,427
604,659,803
Freight Receipts
Average Receipts per Ton
Average Receipts per Tod Per Mile.
Freight Receipts per Mile ct Road...
*Mile8 RuD by Freight Trains
Freight Receipts per Train Mile
-85
873-10000
$4,538 84
2,483,093
$2 12 46-1000
923-lOOOc
$2 27 18-1000
2,151.001
50-lOOOc
$179 17
$0 14 72-1000
mUes
WAY AND STRUCTURES FROM JULY
1,
1894,
46,859
15f0
$240,391 19
$0 04 84-lOOc
6-lOCc
$192 74
$261,756 50
$208 93
66,424
$0 10 50-1000
$1,325 48
$1,797,507 07
$1,546 46
1,791,040
$1 00 36-1000
5,121.043
4-28 mllea
8-85
13-00
3-83
1-22 miles
$0 77 96-1000
$0 02 45-1000
NO. 8.— STATEMENT OF MAINTENANCE OF
2-54
4-91
3-40
5-73
3-95
1-89
6-93
174,870
8,190,277
1,976,131
62,997,133
31^88
$1,540,655 90
71,187,410
Aver'ge Distacce Trav. by each Pass.
33-10 miles
Passenger Receipts
$1,781,047 09
Average Fare of each Passenger
$0 82 80-1000
Average Receipts per Pass, per Mile.
S>0 02 50-1000
Passenger Receipts i)er mile of Road.
$1,518 22
Gross Receipt- of Puseenger Trains.
$2,059,263 57
Gross Reo's of Pas. Tr'ns per M.of R'd
$1,755 39
*Mlle8 Run by Passenger Trains
1,857,464
Reot's of Pass. Trains per Train Mile
$1 10 86-1000
* Includes Mileage Of Mixed Trains.
TABLE
1-74
$259,070 4S
$0 05
$147
$152
$4,718 01
2,436,234
Number of Passengers Carried
Number Carried One Mile
62,234
16'^-64 miles
$5,275,672 18
DecrtoMe.
Inc.or
Dec.
1903.
3,647,661
699,5a8,'60
164-86 miles
$5,534,742 66
1903.
P.O.
Increase.
Tons of Revenue Freight Carried...
Tons of Rnv. Freight Carried 1 Mile.
Average Distance Haul of One Ton..
-42
1-93
STATEMENT OP TRAFFIC FOR THE YEARS ENDED JUNE
1904.
•55
298
•13
6-21
2 04
14 54
14-56
13-51
3-71
10-46
TO JUNE
30, 1904.
Maintenance of Wat.
1^
£i
Road
Miles of
Operated.
.2^
Labor on
Track.
807-27
1900
1901...
1902 ...
1903 ...
i,ooo-«-<
. .
.
1901...
»07-li7
807 27
807-27
i)54xO
Tons of
New
Rails.
1^
1895....
1896.
1897....
189S....
1899....
$233 717 79
2 3,S03 53
No. Of
Renewals
Ties.
l,«-^5 70
2ftfi-50
4-.JH,6:0 17
lOl
5 2.11W4I
2l-^-00
1,102 <4
1,173 11
72rt.»:<«56
612.6ti2 8
2,3-2000
TABLE
Amoxi/nt
Charged to
1,408-47
3,492 07
2H5,7^5 3
343,79-^ 69
:i57 34« 7SI
Repairs
Amownt
500-19
•Z»i.iO-> 10
51
1.0H5-32
l.O.irt
Mainten-
Repairs of
Average
S:
6,38100
Charged
Repairs of
Other
Bridges.
Items.
Renewais
of Rails.
Total.
Engvnes.
of Ties.
70
1.16131
6 303 2i
38 816 35
22,88i &l
9, 1-23 00
Cr. 831 04
21 026 60
78 0:7 12
140.918 7»
$12,1.=.!
to
Mileage
3«0
381 300
426,363
f 98,260
120.435
148.691
162,913
116.656
Vii) 13S
3i3,77rt
102.-246
359.491
386.498
293,242
117.680
134.63 ^
116,313
418,001
302,160
427 :-i64
49,S
73 $118,013 19
6»
98,"-.!2 35
63
133,883 01
44 184 8.'2 6H
58 180 927 M3
72 185,68; 74
41
190.327 30
4:-i
181.580 5-)
00 166.376 84
34 155.089 41
$80,970
59 410 13
131.-2W4 45
126.314 14
138,n08 82
141,45550
1«0 733 56
171177 41
337 .S 13 86
281,069 62
$553.113 48 2.90S.481
612,333 01 2.993 005
7l2 4h0 37 3 104.983
79-1.691 94 3.-00 218
796.650 5 » 3,938.472
82o.«95 36 4.-.^35.664
912.14H 40 4,814,561
l,046,iH4 4i 4 590,749
1,441.293 38 5,640.78«
1,305.953 94 6.579,720
NO. 15.-SrATEMENT OF MAINTENANCE OF EQUIPMENT IN EACH YEAR
Expense
of
Fences.
per mile
run by
19 02c,
$1,039 39
17- 12c.
6-26
l,lft3
22 95c.
21-010-
36
43
48
67
46
27
99
1, 15s
1.007
1,249
5,830
1,629
2,610 71
3,177 24
20-2-ic.
19 49o18 S3c28-800.
26-0 3C.
•23-41C.
1,
Way
Water
Works
and
1894,
Mite
Operated,
$41,871 27
42,899 8>*
34.671 79
44 630 18
59.253 67
66.869 27
66.^78 44
90.965 01
129 944 90i
1-20,-290 73
TO JUNE
and
Strtul-
uresper
Telegraph.
En^nts.
FROM JULY
ance of
Buiidings,
$788 3i:
688 57
926 97
1,045 H4
897 48
t<93 -iO
9.-J0»d
1,040 01
1.355 67
1,817 63
30, 1904.
Maintenancb of
Rbpaibs and Renewals.
Tears
Ungines.
fas' ger Oars.
ended
June
Freight Oars.
Per
No.
1895..
1896..
1897..
1898..
1899..
1900..
1901..
1902..
1903..
1904..
105
105
105
lw5
105
106
106
106
105
105
Amount,
$107,032
116,952
89,933
167,985
149,
as
130,051
192,^96
227.488
259,995
315,888
No. Amount.
76
76
76
76
76
76
70
79
80
80
$31,837
35, .35
42,314
44,347
36,631
40,271
43,95*
63,948
69,3i0
44,069
No.
32 = 6
3286
3286
3286
3286
3286
3299
3333
33J3
33J3
Am ^unt.
Per
Engine
Pass'nger Freight
1
Bqxiipmeyit
Main-
Expenses,
tenance
Including
Marine
ery
and Superintend-
Tools.
etice.
Eguipmenl.
Per MiU oj
Road
Total.
Operated
{Excluding
Oar
Oar
Marine
Mile.
Mile.
Equipment).
89-lOOc
96-1000
17 luOc
1 13-lOCc
80-1000
75-1000
67-1000
89-1000
91-1000
52-lOOc
4 i- 100c
40-1000
$6,546
6,347
32100c
361000
9,253
15,732
15,331
15,749
14,840
21,512
27,860
Mtle.
$172,489 3 82-1000
145,6-28 3 91-1000
160,014 2 90<c
162,460 4 42-lOOc
164.770 3 81 1000
143,354 3 7-1000
219.388 3 4 9- 100c
303.569 4 96-1000
373,333 4 69- 100c
447,784 5 66 lOOo
Per
Other
nance
Shop
Machin-
|
ZOlh.
EQaiPMBMT.
Mainte-
1
32-1000
44-1000
56-1 00c
65- 00c
551000 86-1000
1
5,9-27
$18,058
18,033
18,054
20,478
27,952
27,782
29,418
30,787
37,988
50,844
$33=>,96l
$4,408
1,669
920
13,898
756
936
2,189
1,700
2,782
326,"04
317,911
495,442
408,h98
3.-7,545
501,741
642,921
763,907
889,229
$416 17
399 12
89174
501
413
356
474
584
655
765
10
70
55
02
97
74
65
Sept.
THE CHRONICLE.
1904.]
1.7,
1035
READING COMPANY.
SEVENTH ANNUAL REPORT- FOR THE FISCAL YEAR ENDED JUNE
30,
1904.
Reading Company, General Office,
Philadelphia, September
10, 1904.
the Stockholders of Reading Company:
The Board of Directors submit their report for the fiscal year
To
phia
&
ended June 30, 1904, of Reading Company, the PhiladelReading Coal & Iron Company.
operations of the three Companies for the past fiscal year, as compared with the previous fiscal year, were
Reading Railway Company and The Philadelphia
The
joint
&
as folio vrs:
Total gross receipts of three Companies
Total gross expenses of three Companies
1903-1904.
$77,040,255 27
55,240,325 13
„
^^
Total gross fixed charges and taxes of three Companies
.
1902 1903.
$62,140,743 34
42,815,462 58
$21,799,930 14
14,042.392 07
$19,325,280 76
14,127,498 03
Net earnings of thi-ee Companies before payment of Reading Company's dividends and General Mortgage
Sinking Fund
$5,197,782 73
$7,767,538 07
The decrease of fixed charges and taxes for the year, amounting to $85,105 96, although comparatively small, is important, inasmuch as it resulted principally from a permanent reduction of rentals of the Ra'lway Company and from a
decrease in the interest account of the Coal & Iron Company, notwithstanding the fact that there was an increase in the
amount of taxes paid, and that during the year $1,496,000 of General Mortgage bonds were sold by Reading Company to
reimburse the treasury for expenditures made on account of new equipment.
The net result of the business of the three Companies for the past fiscal year was as follows:
1903-1904.
Phii,aj>elphia
Receipts
&
Reading Railway Compant—
.............
..............
$34,939,395 86
19,818,92^106
$15,120,466 80
.
Operating expenses
—
Net earnings.
Insurance fund.
$155,899 14
Impiovements
1,173,764 b7
Fixed charges and taxes
Surplus
PmLADELPHIA
&
READING COAL
1,329.663 81
$13,790,802 99
9,474,537 51
$4,316,266 48
&
lEON COMPANT—
$35,251,173 99
30.708.969 54
$4,542,204 45
Receipts
Expenses
Net earnings
Newwork
at c llienes
Interest at 2 pe- cent on debt to Reading
Depletion of lands fund
$1,273,03 1 37
1,582,477 77
454,241 24
Company
Fixed charges and taxes
Surplus
3,309.754 3«
$l,k32.4f0 07
317,224 44
915.226 63
Reading Company—
Income
$9,249,685 42
Less dividends paid by Philadelphia & Reading Ry. Co which have not heretofore
been deducted from the Net Earnings of the Phlladelpliia & Reading Ry. Co
2,400,000 00
Expenses
Net earnings
Fixed charges and taxes
$6,849,685
73,008
$6, 76,t77
4.250.630
42
34
08
12
2,526,046 96
Surplus
Surplus of three Companies for year ended June 30, 1904
$7,7£)7,538 07
The accumulated surpluses of the three Companies June 30, 1904, were as follows:
Reading Company, June 30. 1903
\ear ended Jm e 3 >, 1904 (including $2,400,000 00 dividends paid by Philadelphia
Keadiug Railway Company)
Less— Dividend on first Preferred Stock, September 10, 1903
Dividend on First Preferred Stock, March 10, 1904
Divlaend on Second Preferred Stock, November 10, 1903
Dividend on Second Pref- rred Stock, May 10, 1904
$2,263,159 56
&
4,926,046 96
General Mortgage Sinking Fund
Philadelphia & Readino Railway Company, June
&
3.063,906 72
$4,125,299 80
30,
1903
$5,112,102 58
4, 316.265 48
$800,0«
00
800,000 >
800,000 00
Dividend paid November 7, 1903
Dividend paid June 29, 1904
Puiladelphia
$7,189,206 62
00
560.< 00 00
63i),0(
00
840,000 00
473.90« 72
$?it)0,«'00
$9,428,368 06
2.400,000 00
7,028,368 06
Reading Coal
4i
Iron Company, June 30, 1903
$1,422,361 02
tfl5,225 63
$2,337,586 65
1,114,798 66
1,222,788 09
$1^,376,455 96
Total Surplus June 30, 1904
Note.— A dividend of two per cent on the First Preferred Stock of Reading
the above surplus.
Company was
declared and paid September
9,
1904, out of
for improvements and the appropriation to the Insurance Fund by the Philadelphia & Reading Railthe cost of tht new work at collieries and the payment into the Depletion ot Lands Fund of The
Reading Coal & Iron Company have been charged to the expenses of the respective Companies.
The expenditures
way Company and
Philadelphia
&
PHILADELPHIA & READING RAILWAY COMPANY.
The receipts of the Railway Company from the several olaases of business for the last seven years (the period in each
case being the twelve months ending June 80) were as follows :
Ttar ended June 80.
1903-1901.
Coal Traffic
Merohaiulise Trafflo
FassenKcr TratHo
1902-1903.
1901-1902.
MalL
$15,921,800 00
11,932, b4'> 14
5,.^ 16,669 39
760,355 31
119,024 51
$13.]34.6'24 09 $12,063,345 47
11,032,410 69
12..56 1.293 31
TotalP. &R.Ry
Other sources
$34,250,489 35
688,906 61
$31,708,523 78 $28,620,371 45
552.463 88
721,267 35
BUsoellaneous.....
Total
$34,939,396 86
5,235.897 25
654,884 18
118,824 95
4,880.7<i5 14
624,540 33
119,369 82
$32,429,791 13 $29,172,835 83
1900-1901.
$12,391,307
10,079,427
4,561,392
469.126
116,167
46
41
52
87
28
$27,617,421 54
726,748 18
$28,844,169 72
1899-1900.
1898-1899.
•
1897-1898.
77
77
70
32
97
$10,085.700 82
7.824. 88X 41
4,012.728 77
420,3(54 58
11:^,610 23
$9 931.895 97
$26,109,733 63
7^3,253 60
$22,4^6.192 81
546,394 82
$21,«75.241 64
$26,902,987 19
$23,002,587 63
$21,986,834 24
$11,371,202
9,750,fOl
4,437,849
436,084
113,994
7,1'S3.169 8S
3.8" 7. 546 68
389.951 21
112.677 90
5 11, .592 60
THE CHRONICLE.
1036
The gross receipts of the Railway Company increased
$2,509,604 73 over those of the previous year, and the surplus for the year increased $1,99S, 749 95. The payments on
account of fixed charges and taxes were $44,474 07 less tt an
during the previous year, and there was a reduction of
$171, 516 9 in the amount paid into the insurance fund, and
for improvements.
The details of the accounts will be found in the Comp(
troller's report in
pamphlet.
The tonnage
of anthracite carried increased from 7,932,691 tons In 1903-1903 to 11,324,624 tons in 1903-1904, a gain of
8,391,733 tons, or 42'76 per cent, and the tonnaj^e of bituminous coul decreased from 8,487,325 tons to 8,059,243 tons, a
The revenue from
loss of 378,082 tons, or iAi per cent.
coal traffic increased from $13,134,624 09 to $15,921,800, a
gain of $2,7««7,175 91, or 21-22 per cent.
Merchandise traffic decreased from 18,237,961 tons to 16,663,221) tons, a loss of 1,594,741 tons, or 8-75 per cent, anct the
earnings therefrom decreased from $12,564,293 31 to $11,932,640 14, a loss of $631,653 17, or 5 03 per cent.
The number of passengers increased from 25,856,032 to
27,644,350, a gain of 1,788,318, or 6-92 per cent, and the passenger revenue increased from $5,235 897 25 to $5,516,669 39,
a gain of $280,772 14, or 5-36 per cent.
IMPROVEMENTS.
The sum
of $1,173,764 67 was expended during the past
year for improvements and charged to expenses. The
improvements covered by these expenditures were as folfiscal
lows:
Real estate
$167,788
ExteDsion of main, aecond and third tracks
407,476
Passlig and lay-off sidings and cross-over tracks
4i3
Yard tracks; depot and shop tracks; coal-yard tracks;
manufactory tracks
98,931
Wooden, steel and iron bridges, stone bridges and culverts 209,047
Interlocking plants and si unals
39,533
.
33
11
49
81
36
08
Pa«st-nger station-j and shelters, freight stations, water
and fu^^l stations
123,599 64
Shop and eng'ne-houses and turn tables
13,057 56
Ducks and wharves
15,518 91
Coal yards (Including trestles for same)
10,366 09
Shop tools
„..,
17,143 91
Sundries
70,888 38
$1,173,764 67
The principal part of the real estate, included in the fore"
going statement, was acquired for the following-named pur"
poses:
For the balance of the right of way required to comnew second track on the Catawissa Railroad.
2. For additional right of way needed for the new tracks
in course of construction at various points on the main line
between Bridgeport and Birdsboro.
3. In connection with the new station under construction
1.
plete the
at Harrisburg, Pa.
For the change
&
M. Junction on
of alignment at D.
the Philadelphia Harrisburg
Pittsburg Railroad.
5. For the purpose of erecting a new shop at Newberry
Junction for the repair of cars.
The expenditures during the past fiscal year on account of
extension of main tracks were confined principally to the
construction of tracks on Richmond Street from Cumberland Street to Delaware Avenue, Philadelphia, and to the
completion of the connections at Bridgeport and Norristown
with the Norristown
Main Line Connecting Railroad.
Very large expenditures were made daring the year upon
the construction of a new third and fourth tracks on the
Main Line at various points between Bridgeport and Birdsboro, and upon the new second and third tracks on the Catawissa Railroad, as well as in the building of the third track
4.
&
&
system on Delaware Avenue between Vine and South streets,
Philadelphia, in which system this Company has a onethird interest.
Of the expenditures for yard tracks the main item was for
the construction of the new yard at Tamaqua, which is designed to facilitate the handling at that point of the heavy
coal trains. Work was continued on the tracks to the new
passenger and freight stations at Harrisburg and work was
begun on the tracks to a new engine house and yard at
Bridgeport. Most of the expenditures for coal-yard tracks
were made upon the new tracks required for the enlargement of the coal-storage yard at Schuylkill Haven. The
usual number of sidings were constructed at various points
on the line where the business required them.
Shop tracks involving considerable expenditure were re-
quired to be
made
at Reading.
[Vol. lxiul
Additional payment was
made on account of
Manatawny Creek
the extension
at Pottstown
and work was begun on the extension of the stone arch over
Pickering Creek near Phoenixville.
The new interlocking plant at Harrisburg, in connection
with the extensive improvements to the freight and passenger facilities that are being made at that point, has been
finished, which, together with the construction of interlocking plants at Abrams and Stowe on the Main Line and at
Mahanoy Plane, and of derailing switches at various points
on the Catawissa Railroad, accounts for the bulk of the
expenditures for the account of interlocking plants and
of the ftone bridge over the
signals.
Additional large payments were made during the year on
account of the construction of the new passenger stations at
Harrisburg and Lansda'e.
New passenger stations were
erected at Auburn, Port Kennedy, and a passenger stielter
and platform at Langhorne, and additional improvements
to the passenger facilities were made at Jenkintown and
Tioga stations.
A coaling station was erected at Bridgeport for the use of
the locomotives that, in consequence of the construction of
the Norristown & Main Line Connecting Railroad, will be
concentrattd at that point.
The expenditures on account of shop and engine houses
consisted principally of the cost of new ash-pits and tracks
at the round house at Reading and of a coal dock and ash-pit
at Lebanon.
Final payments were made on account of the extension of
Pier 42, Delaware Avenue, to which reference was made in
the previous annual report.
Commercial coal yards were constructed at Trenton, N. J.,
and at Richmond and Cumberland Streets, Philadelphia.
The shop tools acquired were largely for the shops at Reading, but the shops at other points on the system were supplied wherever necessary for the good of the service.
Among the sundry improvement expenditures, which
were of large amounts, were those for the construction of a
sewer, etc.. at Third Street and Allegheny Avenue, Philadelphia, the erection of an overhead bridge at Bell Line Junction, North of Reading, Pa., the building of an overhead
bridge to remove the crossing at grade of Greenwood Avenue
at Jenkintown, and of an overhead bridge north of Stowe,on
the Main Line, the erection of a highway bridge at Front
Street, Reading, the building of a new public road north of
Sanatoga, on the Main Line, to dispense with a grade crossing, and the building of a new public road at Oak Lane,
Philadelphia, in connection with the construction of a new
station at that point, which will take the place of the two
stations now maintained at Oak Lane and Melrose.
INSURANCE FUND.
The sum of ¥155,899 14, together with the income from
investments in the fund amounting to $42,442 72, making a
total of $198,341 86, was contributed to the Insurance Fund
during the past fiscal year, out of which the losses from fire
or marine disaster amounting to $125,790 79 were paid,
leaving a balance added to the fund for the year of $72,551 07. This sum was invested in interest-bfaring securities.
On April 30, 1^04, the cash and the value of the securities in
the Insurance Fund had reached the sum of $1,000,000. It
was then decided to discontinue periodical contributions,
such as had theretofore been made, to the Insurance Fund.
In order, however, to prevent the principal of the fund
from falling below $1,000,000, it has been arranged that if
in any year the amount of the losses from fire or marine
disaster, together with the premiums that may be paid to
regular line insurance companies upon policies that it may
be c ^nsidered prudent to place, shall exceed the income of
the fiind, the excess will be contributed by the Company.
The balance to the credit of the fund at the end of the
^ear was $1,00^),000 00, consisting of securiti s valued at
$987,5'9 67 anl cash amounting to $12,480 33, which is on
deposit separate and apart from the other funds of the
Company.
EQUIPMENT RENEWALS.
The obligation of the Railway Company in the leases
under which it holds all of the equipment to keep the same
in good order and repair and to make replacements of such
as may become unfit for use or which may be destroyed, has
been complied with in every respect. The cost of this work
has been included in the general operating expenses of the
Company under the head of Maintenance of Equipment.
The
increase in the mileage from the expenditures for track
extensions, etc., were as follows:
Length of Road
"
" Second Track.
"
" Third and Other Tracks
"
" Sidings and Laterals
63 miles
PAYMENT OF
CLA.IM
OF CITY OP PHILADELPHIA..
In 1891, in aid of the construction of the Reading Ter"
4 30
minal, The Philadelphia & Reading Railroad Company and
"
11-76
"
the Terminal Company joined in a bond to the city of Phila3 82
de phia in the penal sum of $1,000,000; conditioned to indemTotal increase In mileage
21-51 miles
nify the city for all damages that might be recovered against
Further payments were made upon the reconstruction of it for account of the extensive changes of grade of various
the Lebanon Valley RR. bridge at Reading, as well as upon the city streets involved in carrying Broad Street and Lehigh
construction of the bridge carrying Clarissa St. over the Rich- Avenue and Columbia Avenue over the tracks of the Philamond Branch in Philadelphia. Steel bridges were construct- delphia Germantown & Norristown Railroad, and from the
ed at various points to carry the new second and third tracks vacation of various other streets, etc., which were required
on the Catawissa RR., and a portion of the cost of extend- by the terms of the ordinance under which the Terminal was
ing the spans of the Raritan River bridge on the Delaware constructed. No provision was made in the reorganization
& Bound Brook Railroad is included in the above statement. plan for the payment of these damages. In the meantime a
1
:
Sept.
THE CHRONICLE.
17, 1904.]
great many tedious litigations ensued between the city and
the various claimants, and it was not until during the past
year that some of the larger claims were finally adjudicated,
although a l>irge aggregate had been paid by the city in the
interim, upon which interest had accrued to a considerable
amount. On account of the delay in adjusting these claims,
the city was unable to present its final statement until during the past year. An effort was made to induce the city to
abate its claim for interest to the rate which it had paid on
The city inits loans during the period, but without avail.
sisted upon exacting the full rate of six per cent from the
date of the various recoveries against it, and the manage
ment felt that the circumstances would not warrant them
in entering upon a technical legal controversy with the city,
and accordingly authorized the payment of the claims and
interest in full. The sum paid to the city was $560,648 41.
With this payment it is believed that all unadjusted claims
of importance have been disposed of.
cent per
is
1037
annum upon
its
$50,000 Capital Stock,
owned by Reading Company.
which stock
FUNDED INDEBTEDNESS OF PHILADELPHEA & READING
RAILWAY COMPANY.
The only change that has occurred during the past fiscal
year in the funded indebtedness of the Philadelphia & Reading Railway Company has been the payment and cancellation by that Company of the debenture bond for $400,000
given by it in 1902 to Reading Company in connection with
the construction of the locomotive and machine shops at
Reading, Penn.
OCEAN BUSINESS.
The following statement shows the number
of tons of
merchandise, anthracite and bituminous coal shipped from
Port Richmond, whether to foreign or domestic ports during the past six years
'
:
1903-04. 1902-03. 11901-02. 1900-01. 1899-OD 18fl«-l<0
RENTALS OF LEASED LINES.
'°''^'»'Merchandls e—tons
2000 lbs
The total rentals of leased lines for the past fiscal year Antiraclte coal—tons 816,988 1.093,493 1,000.460 1.229,3711,818 330 830170
o»'".i./w
show a decrease over those of the previous fiscal year of
3.8401bs
2.072,233 1,098,510 1,469,499 1,849,249 1.739 281 1 4R0 a«l
""•"'"^ i,*su,s!»l
$74,913 33. The major part of this decrease was due to the BituminouB Coal-tons1,402.609
1,306,848 1,011.335 1,024,873 ;8«6.356
2,240 11)8
780,807
reduction in the rate of interest upon the General Mortgage
During the same years there were shipments as follows
of the North Pennsylvania Railroad Company upon
bonds
the extension thereof January 1, 1903, of whicti reduction from Port Richmond to rail points, mostly on the line of
the Pniladelphia & Reading Railway Company, as lessee, the Philadelphia & Reading Railway:
Year ended June SC—
'
*
gets the benefit in a corresponding decrease of the rental.
The statement of rentals in this annual report includes the
Main Line
sum of $7,200. the rental of the Norristown
Connecting Railroad, of which $1,000 was paid to Reading
Company as the owner of the capital stock.
&
Tear ended June 30— 1903-04. 1902-03. 1901.02. 1900-01. 1899-00 189S 90
""='•<"'•
Merchandise and Iron
Ore-tons 2.000 lbs... 812,885 1,035,020 713,960 712,476 682,069 271286
'
The decreased importation of iron ore in the year 1898-9
accounts for the comparatively small shipments from Port
Richmond
in that year.
NORRISTOWN & MAIN LINE CONNECTING RAILROAD.
This railroad was opened for business on September 20,
was
leased from January
the Philadelphia & Reading Railway Company at an annual rental sufficient to pay the interest upon its $350,000 First Mortgage
4 per cent bonds, taxes and dividends at the rate of 4 per
1903.
It
1,
1904, to
EQUIPMENT.
and boating equipment has been fully kept up,
the valuation and the capacity being both larger than when
the reorganization was made, as the following statement
will show:
The
rolling
ROLLING AND FLOATING EQUIPMENT.
June
No.
Locomotive Engines and Tenders.
Revenue, Freight Cars
Passenger Cars
Work Cars
939
38,733
8-9
No.
Valuation.
Capacity, Lbs.
$6,229,474
21.718,337
2,718,139
361,77 1
21,724.797
2,336,554,000
860
December
30, 1904.
14,393,200
1,
1896.
Oapaeity, Lbs.
00
791
00 28.204
00
723
00
698
Valuation.
12,757,147
1,336,049,600
$3,880,190 19
10,7H1.3'22
9,281,760
I
Total Rolling
Equipment
$31,027,728 00
$16,990,856 19
Gross Reg. Ton.
Steam
12,188-15
67,152-91
25
101
Total Floating E<iuipment....
As of June 30, 1904, in comparison with December 1, 1896,
the average value of all locomotives had increased from
$4,906 to $6,634; the average value of freight cars producing
revenue had grown from $383 to $561; the steam colliers and
tugs, whose average value in 1896 was $41,533, was oti June
80, 1904, $51,362, and the average value of barges, which was
$7,930, had increased to $19,208.
This increase of average
value of the several items has come from the fact that in
each class of equipment the new locomotives, cars, tugs or
barges are larger and more costly than the old ones were.
The total value of the rolling equipment in our possession,
including that owned and that leased, has increased from
$16,990,856 19 as of
December
Gross Reg. Ton.
1896, to $31,027,728 00 as of
June 30, 1904, and the value of floating equipment has increased during the same period from $1,439,850 00 to $3,224,108 16, making a total increase of value of $15,821,129 97.
1,
1,284,038 16
1,940,070 00
79,341 06
Colliers, Tugs, etc
Coal Barges, etc
00
00
221,000 00
.<:,i09,344
15
103
$3,224,108 16
Under resolution
of
December
1901
623,000 00
816,850 00
47,865*55
11,
10,013-75
37.851-80
$1,439,850 00
(fifty-year service
ployees)
em-
Employees seventy years of age, and thirty or more yenrs
3x
in
service
Employees sixty-five to sixty-niue years of age, and thirtyoimore years in service
Incapacitated employees
..'..'.'.'.l"'.'.'.
93
g
28
160
The number
of pensioners who died from June 30, 1903, to
June 30. 1 904, was ten.
In addition to the amount paid out in pensions, the sum
of $25,140 63 was contributed by the Philadelphia
Reading
&
Railway Company towards the support and maintenance of
the Philadelphia & Reading Relief A-sociation, the membership of which is composed of employees of the Reading
System.
This increase has been contributed
By Reading Company
$6,316,679 90
By outstanding Oa r Tiusts
9,181.60^ 57
By Wilmington & Nortliern RR. Equipment under Lease 322,840 50
$15,821,129 97
The car
service account for the fiscal year ended
June
30,
1904, again reflects the advantage from that source of the
increase of the equipment. This account, which for the year
ended June 30, 1899, before the large additions were made
to the e(iuipment, was in debit to the amount of $238,774 79,
was for the fiscal year ended June 30, 1903. in credit for
$170,081 47, and for the fiscal year ended June 30, 1904, it was
in credit for $284,096 64.
The additional equipment required which was referred to
in the previour report, and for the construction of which it
was stated that arrangements had been madn, was completed during the past year and placed in service.
PENSION HV8TEM.
was paid out in pensions for the
fiscal year ended June 30, 1901, under the pension .system
which was referred to in the previous annual report.
The number of pensioners upon the roll on June .30, 1904,
was as follows
The sum
of $46,190 03
THE PHILADELPHIA & READING COAL & IRON
COMPANY.
The
production of anthracite coal from lands owned
& Reading Coal & Iron
Company in tiie year 1903-1901 was 10,410.849-10 tons, an
increase of 2,827,870 tons over the production of the previous
year, or 37-3 per cent. The increase in production of the
whole anthracite region for the year ended June 30, 1904,
was about 28*3 per cent as compared with the year ended
total
and leased by the Philadelphia
June 30, 1903.
The coal purchased aggregated 1,388,534-17 tons, an increase of 380.282-09 tons, or 377 per oent, and the sales
araouated to 9,75-', 139-14 tons, an increase of 2,915,602-12
tons, or 42-6 per cent over the previous year.
The cost of coal mined and purchased during the year was
4 110 cents per ton liigher th.in for the previous year, and
the price realized on all sizes was 11 6-10 cents per ton less,
making a total decrease in the net amount realized of 15 7-10
cents per ton compared with tlio previous year.
Tlie total snm charged to expenses for Improvements during the year was $1,273,035 37, as against $8t)7,3.'9 97 for the
previous year.
:
THE CHRONICLE.
1038
The funded indebtedness of the Coal & Iron Company has
been reduced by the following payments
$206,000
Divisional MortKiiKe Bonds
30,u0
Phtladelphla A Kt^adlng Collateral Sinking Fund Loan
:
'
3,600,000
Coal Trust Certllloatea
In pursuanoe of the policy of the Company to make reasonable provisi(m against the depletion of its estate, there was
set aside out of the revenue the sum of $454,241 24, being
five (5) cents per ton on all coal mined from the Company's
lands durng the current fiscal year.
The $2,101,647 40 in the Depletion of Lands Fund March 1,
This
1904, was used in retiring the Coal Trust Certificates.
fund contains now $454,241 24, being the amount of the
year's appropriation.
Work on the new shafts, etc., is being carried on rapidly,
and it is expected that one of them, the Pine Knot Shaft,
will be in operation by the summer of 1!>05.
By long experience we have found it necessary to the
economical working of the mines and to supply the public
with coal to store the sizes for which in certain seasons of
the year there is little demand. In the spring and summer
months there is usually an active demand for domestic sizes,
but very little for the steam sizes, whilst in the winter the
demand for the steam sizes exceeds the normal production.
In mining coal we cannot control the proportion of sizes.
The coal must be taken as it is mined, and in the preparation through the breaker the dififerent sizes are pi oduced,
and such as cannot be sold must be stored.
To secure adequate storage facilities we have increased the
capacity of the Schuylkill Haven Storage Yard and contracted
for a new yard at Abrams, above Bridgeport, which, when
completed in the early spring, will be capable of storing
500,000 tons of coal.
The storage yard at Mahanoy City will be abandoned in
the near future to enable us to mine the underlying coal.
READING COMPANY.
The amount of General Mortgage bonds outstanding was
increased during the year $1,262,000, making the total bonds
outstanding on June 30, 1904, $70,282,100, as shown by the
balance sheet of Reading Company. This increase is accounted for as follows:
DraAvn to retire Divisional Coal Land bonds of The Phila-
delphia & Rnarllng Coal & Iro n Company
$206,000
Delivered to Reading Company In pursuance of the terms
of the Qr-neral Mortgag'-, for new acqulei Ions and betterments, and In the treasury of the company, as stated
below
1,500,000
Drawn under the terms of the General Mortgage, on aooount of an equal amount of the Philadelphia & Reading
Railroad Company 10-year Sinking Fund bond", which
were paid andcacceled oat of the proceeds of the Sinking Fund of that loan
30,000
Drawn ander the terms of the General Mortgage, on account of mortgages on real estate of Reading Companv,
and of the Philadelphia & Reading Railway Company,
which were paid and satisfied
22 000
$1 758 000
Less amount of Oeneral Mortgage bonds purchased and
canceled out of the proceeds of the Sinking Fund
496,000
application of the $1,500,000 General Mortgage bonds, which,
as stated in the annual report of 1903, had been delivered to
It for new acquisitions and betterments.
These new acquisitions and betterments consisted of:
Rolling stock
to as
having been
issued during the year, the $206,000 drawn to retire the
Divisional Mortgage bonds of The Philadelphia
Reading
Coal
Iron Company were delivered to the Reorganization
Syndicate, which provided the funds to take up the maturing bonds; while the $30,000 drawn to retire the Philadelphia
Reading Railroad Company 10-year Sinking Fund
bonds and the $i2,000 drawn on account of mortgages on
real estate, as well as the $1,500,000 delivered for new acquisitions and betterments, are in the treasury of the Com-
&
&
&
pany.
DIVIDENDS.
A dividend
upon the First Preferred stock
was declared on July 15, 1903, out of the surplus earnings of
Reading Company, and paid on September 10, 1903 and on
of 2 per cent
the Board declared, out of the surplus
earnings, a dividend of 2 per cent upon the First Preferred
stock, which was paid on March 10, 1904. Prior to the payment of the last-named dividend the Company paid to the
Trustee of the General Mortgage $473,906 72, being the
amount required for the Sinking Fund, which represented
five cents per ton on all anthracite coal mined during the
calendar year 1903 from lands owned by The Philade phia &
Reading Coal
Iron Company and pledged under the GenThis sum of $473,906 72 was also paid out of
eral Mortgage.
surplus earnings and was applied by the Trustee to the purchase of the $496,000 General Mortgage bonds referred to
above, which bonds have been canceled.
On October 15, 1903, a dividend of IJ^ per cent upon the
Second Preferred stock was declared out of the surplus earnings of Reading Company and paid November 10, 1903, and
on April 13, 1904, a further dividend of 2 per cent upon the
Second Preferred stock was declared out of the surplus
earnings of Reading Company and paid May 10, 1904.
October
15, 1903,
&
$1,376,715 81
74,82.3 40
Balance from previous certificate
$1,410,53921
All of the rolling stock thus acquired has been conveyed
to the Trustee of the General Mortgage by a special supple-
mental mortgage.
Upon the filing of the certificate referred to, the Trustee
delivered to Reading Company the $1,500,000 General Mortgage bonds referred to on page 15 of this report to be used
for further acquisitions and betterments.
INCREASE OF FUNDED INDEBTEDNESS.
The increase of $2,193,000 in the funded indebtedness of
the Company, as shown by the balance sheet, is accounted
for as follows:
Oeneral Mortgage bonds (as sbo-vn on page 15)
$l,26e,000
Railroad Equipment Trust Certificates. Series A,
being the balance due under lease dated Dec.
26, 1899, from Edward T. Stotesbury to
Readlns Company
$1,836,000
Less Series B canceled
$400,000
"
174,000
C
'
"
"
D
312,000
886,000
$950,000
Less reduction of bonds and mortgages ou real
19,000
estate
981.000
$2,19«,000
The actual increase in the funded indebtedness during the
past year was only $357,000, being the increase in the outstanding General Mortgage bonds less the real estate mortgages paid off and the Car Trust certificates canceled. 'The
81,836,000 Series A Railroad Equipment Trust Certificates
mentioned in the foregoing statement are shown for the first
time upon the balance sheet of June 30, 1904. They represent the balance of an equipment trust created in 1899,
which at the time it was not deemed necessary to include
among the obligations, but for some years past all Car Trust
obligations have been so included. The equipment represented by these certificates is also for the first time inclnded
in this year's balance sheet in the item of Leased Equip-
ment.
The General Mortgage bonds in the treasury of the Company June 30, 1904, were $4,630,000, as compared with $4,574,000 on June 30, 1903. The difference is accounted for as
follows
In treastiry June 30, 1903
Received as heretofore shown:
$4,574,000
For improvements, etc
$1,500,000
For Sinking Fund bonds canceled aud real estate mortgages paid
52,000 1,552,000
Less amount sold
$6,126,000
1,496,000
In treasury June 30, 1904
$4,630,000
NEW YORK SHORT LINE RAILROAD.
$1,262,000
Of the General Mortgage bonds referred
[Vol. Lxiix.
On May 7, 1903, Reading Company procured the incorporation of the New York short Line Railroad, which was
organized for the purpose of constructing a line of railroad
from a connection with the North Pennsylvania Branch,
near Neshaminy Falls, to Cheltenham, Pa., a point on the
Philadelphia Newtown & New York Railroad, which is conThe objects to be attained in
trolled by Reading Company.
the construction of this new railroad is to relieve the line
between Wayne Junction and Neshaminy Falls, which has
at times been overtaxed with traflBc, and to avoid for thfr
east-bound trade the heavy grades of the existing line. By
means of the new line the distance between Philadelphia
and New York will be shortened by 2-07 miles. Ground
was broken for the construction of their railroad on May IT,
1904.
SUMMARY OP RESULTS UNDER VOTING
The earnings
TRUST.
were
sufficient to pay
Bv
full dividends on the first and second preferred stocks.
the payment on the ninth of September, 1904, of the semiannual dividend of two per cent on the first preferred stock,
the Company has paid for two consecutive ye^rs four per
cent per annum cash dividend on its first preferred stock.
Under the terms of the reorganization plan this payment
for the past fiscal year
terminated the Voting Trust.
The Voting Trustees were Messrs. J. Pierpont Morgan.
Frederic P. Olcott and C. S. W. Packard. Mr. Packard succeeded Mr. Henry N. Paul, who died April 8, 1899.
The stockholders and the security holders are to be congratulated on the complete success of the reorganization
plan. The voting trustees deserve high praise for the good
management of the interests committed to them. Under
their administration the Companies have been established on
such solid financial and business foundations that, with conservative-progressive management, their future prosperity
is no longer problematic.
GENERAL MORTGAGE BONDS.
On the first of December, 1896, when the voting trustees
On November 18, 1903, Reading Company certified, as pro- assumed the control of the reorganized Companies, the fixed
vided in the General Mortgage, to the trustee thereof the charges and taxes of the Reading System were $10,350,046.
THE CHRONICLE.
Sept. 17, 1904.J
for the fiscal
total fixed charges of the Reading System
year ended June 30, 1904, amounted to $10,863,094. This
Reading Coal
includes $239,937 taxes of The Philadelphia
& Iron Company, charged to operating expenses. The total
increase of annual fixed charges is $513,048. This, however,
includes the interest upon the General Mortgage bonds, the
car trust certificates and other obligations issued since the
reorganization in payment of $15,821,129 new equipment
that has been placed in the service; interest upon obligations issued to acquire additional real estate; $166,412 yearly
rental of the Wilmington & Northern Railroad and the
Reading Belt Railroad, and $920,000 interest upon the bonds
issued in 1901 to pay for the majority of the stock of the
Central Railroad Company of New Jersey.
In 1904 there was an increase of $506,169 in taxes over 1896
included in the fixed charges.
,
This increase of taxes was due to an increase in the market
value of the Securities of the Company.
Eliminating all fixed charges which have been created
since December 1, 1896, on account of the acquisition of
additional properties, the earnings of which, in each case,
have been sufficient to meet the interest on the obligations
incurred and the interest upon additional General Mortgage
bonds which have been issued since the reorganization for
the purchase of additional equipment, but including the
interest upon the General Mortgage bonds which were issued
for the purposes of reorganization, the fixed charges of the
Reading System were $1,018,065 less for the fiscal year ended
June 30, 1904, than they were for the fiscal year ended
The
&
.
November
,
30, 1896.
This result has been accomplished notwithstanding the
large expenditures for improvements and betterments. During the period from December 1, 1896, to June 30, 1904, in
addition to the ordinary expenditures for maintenance and
repairs, the Railway Company has expended for improvements and betterments $8,582,421. The increase in the track
mileage alone from these expenditures has been 369-61 miles.
AH of the equipment which was in use on December 1,
1896, has, by repairs, renewals or replacements, been kept
to the value it then possessed both in money and in efiicienoy, and all equipment since acquired has, by similar
repairs, renewals and replacements, been kept to its original
value.
The Philadelphia & Reading Coal & Iron Company has
spent $5,870,505 for new work at collieries.
None of these expenditures was charged to Capital Account.
The Railway Company, after providing for all fire losses,
has accumulated an Insurance Capital Fund of $1,000,000,
invested in interest-bearing securities.
It has set aside $494,063 to provide for the Philadelphia
Subway Loan.
The Philadelphia & Reading Coal & Iron Company has
paid oflF its 6 per cent Coal Trust Certificates, amounting to
13,600,000.
In addition to these expenditures, the Sinking Funds (as
all been kept up, and represent
actual investments.
1039
The Reading Iron Company (the whole of which stock is
owned by the Reading Company), in addition to paying a
regular 6 per cent dividend on its capital stock, has out of
its earnings during this period rebuilt its entire plant, and it
is now one of the most modern and best equipped iron plants
in the State; and it has also acquired a large inters st in the
Pennsylvania Steel Company, so that not only is the success of this iron plant reasonably assured, whereby a very
large traffic is secured to the Company, but with these expenditures the Iron Company will in the near future be in a
position to increase its dividends to your Company.
Mr. William A. Church, who had been Treasurer of the
Reading Companies since 1884, who had been in the service
for nearly forty-seven years, and who had reached the required age under the provision of the pension system, was
retired on
March
1,
1904.
Mr. Richard TuU was elected Treasurer to fill the vacancy
and Mr. H. E. Paisley was appointed Assistant Treasurer.
Mr. George C. Thomas, who had been a member of the
Boards of Directors of the several Reading Companies since
the organization of Reading Company, retired on April 13,
1904.
Mr. Edward T. Stotesbury was elected to fill the vacancy.
With profound feelings of regret the Board records the
death on August 22, 1904, of Mr. John Lowber Welsh, one
Mr. Welsh's official connection with
of its oldest members.
this Company and with its predecessor Companies was long,
intimate and honorable. He was first elected a member of
the Board of Directors in 1831, and since that time, whether
as Director, Receiver or as a financier engaged in originating
and promoting the financial plans that were necessary to
conserve or protect its interests, his extensive and minute
knowledge of its affairs, his singular skill in devising financial expedients, and his power to carry them out, were ever
at the command of the Companies.
When in 1893 it became necessary to reorganize the affairs
of the Reading Companies, he became a member of the
Boards and shortly thereafter one of the Receivers.
As a Director and Receiver he was unremitting in his
labors to protect the property entrusted to his care and to
guard the interests of the various creditors. He gave his most
earnest support to the numerous efforts that were made to
place the properties upon a sound financial basis, and when
the reorganization was completed he was elected a member of
the B ard of each of the Reading Companies. The intimate
knowledge thus obtained by Mr. Welsh of the affairs of the
system, combined with his wide experience as a financier, and
his great mental abilities, fitted him in the highest degree
for the duties and responsibilities of a Director.
The Board extends to the officers and employees of the
several Reading Companies the assurance of its appreciation
of the services rendered by them by which the satisfactory
results set forth in this report were accomplished.
By
order of the Board,
GEORGE
shown by the Report) have
Railkoad Equipment Locomotive Engines and Cars
Floating Eqdipmbnt—
Amount.
Amount.
2,289,106 58 $24,094,844 93
Colliers, Tugs, Barges, etc
17,334.232
g.i^-i.wg
1,244,784
260,748
Leased Equipment
New Equipment
Mortgages and Ground Bents
71
57
32
33
Bonds—
& Beading Railway
Company's Bonds
$20,000,000 00
Bonds of sundry companies (see
Pamphlet Report)
18,959,318 25
Philadelphia
33,959,318 25
Stocks—
<&
Reading Railway
Company'« Stock
20.000,000 00
& Reading Coal & Iron
Company's Stock
8,000,000 00
Stocks of snniiry companies (see
Pamplilet Report
51,269,488 07
Philadelphia
& RkadinqCoal A IronCo....
PHILADBLPltFA & READING R'WAT CO.:
re'
tired,
50,50000
& R. Rv. Co. Account Now Locomotive and Machine Shops, Reading
:
Sundry Railroads, Etc.
let
(see
1,200,000 00
Current Business..
Accrued Interest, Taxes,
179 624 85
etc. (Est.)..
General Mortgage Bonds Purchased
and Canceled
Sinking Fund General Mortgaa;e Loan.
New Equipment to lie Pui chased Account Equipment, nlsmanllcd
Surplus TO JUNK 30, 1903
Surplus for Year ending June 30,*04
New
2,006,242 71
432.824 33
York, Trustee.
264
342,716 11
523,()1096
22,896 96
Stock, pd Mo|>t 10, 19(>;i .$560,000 00
Dividend of 2% on st Pref.
Stoi k. paid Mar. 10, 1901 560,003 00
DIvid'd of liii''6 on ^d Pref.
Stock, paid ^Iov. 10, 1 ^03 630,000 00
Dividend of 2% on 2d Pref.
Stock, paid May lO, 1904 840,000 00
Sinking Fund Gen. M. Loan 473,906 72
i
6:'.
3,383. .")85 71
$255,822,577 16
e.
439,91107
2,263,159 66
4,926,046 96
From which deduct
Dividend of 2% on Ist Pref.
:
a o.
2,016,00000
264 63
:
Accrued Income..
Carrent BuBiness
Philadelphia & Reading Railway Co.
e.
2,316,686 96
2,137,062 11
$7.189.'?06 52
1,719,577 02
Current Assets—
Cent.TruHt Co. of
CUURKNT MaBILITIES—
Pamph-
Report).
Caah
Notes Receivable
1,427,374 11
closure Sale, etc
79,269,188 07
79,123,388 25
PuiLA.
P.
Total.
General Mortgage Loan, 1897-1997. ...$70,'?82,000 00
Bonds and vidrtgages on -ieal Estate.. 1,390,040 59
Delaware River rerminal Bonds
500,000 00
Delaware River Terminal Ext. Bonds.
809.000 00
w ilni. & No. RR. Co. Stock Tru t Certs. 1.295,000 00
ReadlngCo.— Jeri-eyCen.Col. GolrtBds. 23,000,000 00
Railroad Equip. Trust Cer. Series "A".
1,836,000 00
Railroad and Marine Equipment Trust
Certificates, Series "B"
2,200.000 00
Railroad Equip. Trut-t Cer., Series "C".
957,000 CO
Railroad Equip. Trust Cer., Series "D".
2,028,000 00
Bonds— Mortgage New Locomotive and
Machine Shops, Beading
1,200,000 00
$105,497,040 59
First Preferred Stock
28.000,000 00
Second Preferred Stock
42,000.000 00
Common istook
70,000,00000 140,000,000 03
Contingent Account (for Unadjusted
Matters In Connect ion with Fore-
Philadelphia
Account Bonds and Mortgages
Or.
30, 1904.
Total.
$21,805,738 35
Real Estate
BAER,
Prtsident.
BEADING COMPANY-BALASCE SHEET JUNE
Db.
F.
„
3,063,908 72
,
,„, „„« ,«
4,125,299 80
$255.822,!S77 16
(4EOROR ZiEULKR, Anintanl OomptroUer.
THE CHRONICLE.
1040
VOU
1
LXXII.
RKADINO HAILWAY CO. AND THi: PHTNADEM'HIA A READm«; COAL AND
INC(J.ME ACCOUNTS FOR THE YEAR 1:nI>F;i> JUNE
1901, AND
COMPARISON WITH YEAR ENDED JUNE :»0, 19<j3.
READING COMPANY-PH'LADELl'HIA.
A-
CO.-CONSOLIDATloN OK
IBOIT
:i;),
ie03 1904.
19021903.
READING COMPANY.
P. & R. Ry. Co.—
Income fbom
Interest ou Piireliase
Money Mortaage.
Leasod I^lnes, etc
Kent Delaware River Wharves
Kent of Equix)uieut
Iiitcr«i8t Acc'oiiut
$1,200,000 00
•191,7^4 48
00
1,677,500 00
$1,200,000 00
50'<.H 1 1 27
50
.SO.OOO
$3,419,224 48
O(»0
OO
$3,378,844 27
1,625,000 00)
From othkr Socrcks—
$151,611 80
Real Eptatt- Rented
and Div. Receipts.
Interest on de t of P.
Int.
R.C&I.CO
Divldeud on P.
Co. Stock
&R
&
$126,145 12
$1,696,371 37
1,582,47777
2,926,722 10[
Ry.
2,400,000 00
5,078.849 14
6,830,460 94
3,052,867 22
),249,6S5 42
$6 431.711
73,008 34
Expenses.
$9,176,077 08
PHILADELPHIA & READING RAIL
WAY
4<i
90,950 47
$6,340,761 02
CO.
Receipts—
From Railway Traffic
From other sources, net
$34,250,489 35
688,906 51
$31,708,523 78:
721,267 35| $32,429,79113
$34,939,395 86
EXPENSBS—
$19,818,929 06
155,899 J 4
1,173,764 67
Operating
Insuranoa
Improvements.
P.
&
R.
COAL & IRON
$19,092,084 121
272,419 44
1.228,760 10
21,148,592 87
20,593,264 02
13,790,802 99
11,836,527 11
CO.
Recbipts
$35,251,173 99
$23,279,240 72
exphnsks—
$31,163,210 78
1,273.035 37
1,582,477 77
Operating
New Work
at Collieries
Interest on Debt to Reading Co.
$19,681,583 71
867,329 97
1,582,334 411
34,018,723 92
22.131,248 09
1,232,450 07
1,147,992 63
$24,199,930 14
Net Receipts
$19,325,280 76
FIXED CHARGES AND TAXES.
Reading Company
PHILA. & R^ADINQ RAILWAY CO.—
$4,250,630 13
On Securities, »'tc., payable to Public.
On Securities owned by Reading Co ..
& Reading Coal &
Phila.
$4,230,738 72
$6,05.^,313 03
3,419.224 48
Ikon Oo
$6,140,167 31
3,378,644 27
9,474,537 51
317,224 44
9,519,011 58
14,042,392 07
377,747 73
14,127,498 03
$10,157,538 07
$5,197,782 73
From wblch sbould be deducted divid'ds
paid by P.
& R.
Ry. to Reading Co
2,400,000 00
$7,757,538 07
Surplus
»5,197,78a 73
i
Fixed barges and Taxes, as above
$14,042,392 07
Less income of Reading Co. included in fixed charges of Ry. Co., as above.
3,419,224 48
$14,127,498 03
3,378,844 27
I
Net Fixed Cliarges and Taxes
$10,623,167 59
PHLLADELPHIA A READING RAILWAY COMPANY— BALANCE SHEET JUNE
Dh.
Amouyit.
Philadelphia
Real Estate
Subway
2,741.000 00
105.679 35
322,840 50
Leased Equipment (W. & N. RR.)
Locomotive and Machine Shops,
Reading
Chestnut Hill Railroad Co. Stock
North Pennsylvania Railroad Company
Stock
Reading Company, Purchase Money
Mortgage Bonds
Williams Valley Railroad Company
New
1,796,335 70
75,000 00
1,200,000 00
28124
Receivable.
and Toll Bills
1,453.050 99
2,515,351 84
1,815,314 55
Phllad.-lphia
Company
&
Reading Coal
&
.•...
Rent, Interest, Taxes, etc.. Accrued.
Reading Company
Iron
458,039 37
11,095,005 05
Deposit account Insurance Fund.
Insurance Fund Securities
24,987 58
987,519 67
1,012,507 25
67
107.792
1,462,831
22,898
27.^,'
50
43
62
96
5,465,737 28
1.000,000 OO
696,13?> 13
494,063 86
Insurance Fund
Equipmtint Fund
Subway Sinking Fund
Wilmington & Northern RR Co. Equipment account Lease
Rea'ing Co., account Bonds and Mort-
322,840 50
50,500 00
gages, retired
Deposit account Subway Loan.
Subway Loan
New
Soourilies
Equipment.
125,747 75
368,316 11
494,063 86
6,077 91
54
00
2,386.516 17
981. «56 .(2
228.376 28
1,035,005 53
Individuals and Firms
00
00
CoBRENT Liabilities—
Unpaid Vouchers and Pay Rolls
Railroad Compaules
Individual- and Firms
Rents Matured
Interest Matured
3,817,961 53
Total.
$67,683,952
2,741,000
625.105
20,000.000
Subway Loan
Bonds and Mortgages on Real Estate.
Capital Stock
Current assetsFrelsrht
Amount.
Prior Mortgage Loans
$5,241,700 00
Consolidated Mort. Loan, 1871-1911 .. 18,811,000 00
Improvement Mortgage Loan, 18731897-1947
9.363,000 00
Consolidated Mortgage Loan, 18821922-1937, Fir-t Series
5,766,717 00
Consolidated Mortgage Loan, 18831933, Second Series
1,535 00
Debentuie Loan. 1891-1941
8,500,000 OO
Purchase Money Mortgage
20,000,000 00
Philadelphia
20,000 00
Materials on hand.
Railroad Companies
Cr.
152,742 86
Bonds
Cash
30, 1904.
Total.
$80,255,894 07
8,500,000 00 if88,755,894 07
Railroad
PhUadelphia Terminal
Billft
$10,748,653 76
Reading Co., account New Locomotives
and Machine Shops, Reading
Reading Co., account Improvements...
Sdeplds June 30, 1903
Less Div. paid Sept. 29,'03 ^800,000
"
••
"
Nov. 7, '03.. 800.000
1,200,000 00
469,454 18
5,112,102 58
1,600,000 00
$3,512,102 58
SUBPLOS FOB Ye.'^ Ended June 30, 1904
$4,316,265 49
Less Div. i)'d June 29,'04 800,000 t)0
3,516,265 48
$107,777,146 56
E.
A O.
H.
7,028,368 06
$107,777,146 55
Qeoboe Ziegler,
Atiittant OomplrolUr.
:
THE CHRONICLE
Sept. 17, 1904.]
the PHILADELPHIA & READING COAL & IRON COMPANY-GENERAL BALANCE SHEET JUNE
Dr.
CAPITAL ACCOUNTS-
1 •?
Timber Lands
New York and Eastern Depots
Western Yams and Depots
Miners and' tlier Houses
$522,395 02
500,627 00
and Loans
Coal Accounts
Rent Accounts
Companies and Individuals
-Coal Ott hand
Supplies and Materials on hand
Bills Receivable
Depletion of Coal Lands Fund, Cash
3,380,1!S1 58
40,794
469,278
1.779,9-8
696,693
....
Bonds and Mortgages
Amount.
$«,000.000 00
79,123,888 25
1,350,0(j0
77
65
97
54
7,389,919 53
400,000 00
989,822 36
27=i,957
>i3
138,868 75
lltt,027 82
70,624 35
10,692 50
220,014 57
..
& R. Railway Co. Current Account..
Improv. Fund Account New Collieries..
$1,422.36102
Profit and Loss to June 30, 190 >....
915.225 63
Profit and Lass year ended June 30,1904
$2,337,586 65
Add Income from Depletion Fund Investments.. $226,893 50
Add Sale of part of Brook213.733 93
440,627 43
lyn yard
$.4,778,214 08
Less Payment of Balance
of Coal Trust Certifioates.$l,495,352 60
Less Adjust.of Old Claims,
Premiums and Disco'nts
60,073 39 1 ,555.425 99
1,960,63^ 08
l.)36,«54 74
W. G. Brown, Secretary.
AMERICAN SME LTING & REFI NING COMPANY.
ANNUAL REPORT— FOR THE FISCAL YEAR ENDED APRIL
To the Stockholder.^ of American ^"melting & Rf fining Co.:
The General Balance Sheet and statement of Income Account for the fifth fiscal year of the company ended April 30,
The
1904, are herewith submitted for your consideration.
several items are coco pared with the statement made for the
fiscal year ended April 30, 1903.
INCOBIE ACCOUNT.
The business of the company for the past year, as \^'ill be
noted, shows gratifying results, the net earnings having increased $328,78? 37 over the previous year.
Following the practice of the past few years, the Executive Committee has appropriated $1,097,581 75 from the earnings of the year for the following purposes: $597,581 75
covering expenditures for new construction and for extraordinary improvements and $500, 00 carried to the credit of
<
Metal Stock Account, The Executive Committee thought
it wise in view of the large increase in Surplus Account to
further decrease the book value of metals in process of
treatment, thus giving an additional reserve to absorb pos-
market quotations.
Preferred stock dividends Nos. 16 to 19, inclusive, aggregating $3,500,000, were declared and paid quarterly during
the year; and beginniog with the quarter ending October
3l8t, 1903, dividends have been paid of one and one-quarter
(IH' ) P^r cent quarterly on the Common stock. >-ggregating
$1,250,000, leaving the surplus for the year $1,966,737 20,
which has been carried to the Income Account, making the
undivided surplus April 30th, 1904, $6,839,808 23.
sible fluctuations in
PROPERTY.
of the property of the company has
had the constant attention of the management, with the result that the former excellent condition has been maintained
and improved in many particulars. At most of the plants
the coiis of operation have been reduced by means of the
extraordinary improvements instituted.
It will be noted by the Balance Sheet that no addition has
been made to the Property Account during the year, the cost
of new construction having been covered by appropriation
from the year's tarnings.
300 OOO 00
.
$93,094,170 16
FIFTH
00
$1,123,453 26
P.
$84,314,423 27
Cashonhand
Cr.
Total:
Reading Company....
URRENT Liabilities—
Pay Rolls and Vouchers
Due for Coal Purchased
Due for Royalty on Coal Mined
Freight and Tolls Due Foreign Roads.
Companies and Individuals
Interest Due and Uncollected
Interest and Taxes Accrued
9,704,32610
CUBKKNT Assets—
30, 1904.
Capital Stock
P. &'R. (oil. Sink. FundLoan,1892-1932
w-"
trolled
—
Cahtal Accounts—
Total.
'ZT^id
*^^'§?^'«„? A?
659,965 00
707,(02 19
379,072 49
548,037 67
ImPottSYille Snop?, Real Estate and
369,666 99
provements ..
389,123 86
Storage Yards and Washeries
161,8()2 .58
Other Real Estate
„^„o^.w^o-,
7.078 690 32
Improvements at Collieries
2,302,467 63
Equipments at Collieries.
3,711,477 31
Deadwork at Collieries
Bonds of Companies ConStocks and
..„^,^
Coal Lands
Stocks,
1041
1,222,788 09
$93,094,170 16
30, 1904.
was $729,000 00. Under the terms of the six per cent
bonds issued by the Pueblo Smelting & Refining Company,
$191,000 00 of which were outstanding at the close of the
year, the company had the option of paying the same on
July 1st, 1904. Although not due until 1913, the directors
have thought it wise to cancel this obligation.
The net current liabilities of the company, as shown on
the balance sheet, represent accounts payable not yet due,
less accounts in process of collection.
1904,
PLANT OPERATIONS.
Many important
contracts for material for the company's
smelting and refining plants have been made; and the Executive Committee has sought by the execution of such contracts to establish the operations of the several plants upon
a sure foundation covering many years.
There has been entire harmony and intelligent co-operation between officers and employees during the year, which
has resulted in increased efficiency and a decrease in genera 1
expense and cost of operation. In accordance with the desire of the directors to properly reward such efficient services as the company has enjoyed, and in conformity with
the terms of Executive Committee Circular Letter No. 44,
issned to employees holding positions affecting operations
and earnings, a distribution of the sum of $91,253 89 has
been made to such employees out of the year's profits; and
with this distribution has gone the most hearty acknowledgement of appreciation on the part of the Board.
W. NASH, Presidtut.
EDWARD
New York,
September
1,
1904.
The physical condition
A
INVESTMENT ACCOUNT.
further investment in the stock of the United States
Zinc Company has been made during the past year. The
production of zinc ores in the State of Colorado has increased very largely during the last few years. These ores
to a considerable extent have been shipped to Germany to
be smelted. The works of the Zinc Company at Pueblo,
Colorado, which have been erected for the purpose of smelting such ores at a point convenient to that of their production, have only been completed during the past year, but are
already being opeiated at a profit.
The directors have felt it wi^e also to invest some of the
surplus earnings of the company in the stock of lead-manufacturing companies utilizing, as raw material, the pig-lead
produced by this company.
The transporting via steamers of ore and bullion from
Mexico and ."^outh America to the works of the company at
Perth Amboy, and of coal, cok« and other supilies from
this country to the smelting works of the comjiany in
Mexico, was deemed by the directors a business of sufficient
magnitude to warrant the chartering of steamers for this
purpose. The American Smelters' Steamship Company has
therefore been organized, the stock of which is entirely
owned by this company. The rates of freight charged have
been the lowest rates made by any of the established lines,
and with this allowance the Hteamship Company hJia shown
a profit of $93,004 50 during the past year.
LIABILITIES.
As opportunity has offered, the company has retired bonds
issued by the Omaha & Grant Smelting Company, maturing
in 1911, and the total of such bonds outstanding April 30th,
ASSETS AND LIABILITIES.
Assets-
jj»?-.
Property
Investments
Metal Stocks
ho, 1904.
$86,845,670 51
Apr 30,1903.
$86,845,670 51
1.680,S05 92
17,032,300 19
1.221,68780
4,047,423 38
Material
Cash
Increase.
50 $651,708
18,0ip,687 02
•978,386
1107,252 97
117,434
2,339,153 75 1,708,269
1,02S..^97
42
83
83
63
$110,830,387 80 $109,331,361 75 $1,499,026 05
Total
LlAlilLniES—
Capital Stock.
Bonds
Net Current Liabilities
Unearned Treatment
$100,000,000 00 $100,000,000 00
96,'i,00a 00
920,000 00
1,177,759 60
638,610 12
2,431,969 45
6,839,808 23
Cliarces
Undivided Surplus....
Total
2,315,53112
4,873,07103
•$45,000 00
*539,149 48
116,438 39
1,966,737 20
$110,830,387 80 $109,331,361 75 $1,499,026 05
COMPARATIVE STATEMENT OF INCOME ACCOUNT.
ilpr. 30,
Earnings
1904.
9,425,442 60
pr. 30. 1903.
$
9,403,710 86
Increase.
il
21,731 74
Deduct
Ordinary Repairs and Betterments
818,14105
Int., TaxeB and Gen. E.-sp.. 701,728 71
Total Deduction
Net earnings
Less
1,519,869 76
7,905,572 84
47.286 92
770,8.=^ I 13
1,056,071 16
*354,;i 12
45
307,055 53
328,787 27
1,826,925 29
7,676,785 67
:
Employees' Prottt Sharing
Fund
91,253 89
91,253 89
Total...
7,814,31895
Apiiroprlatlon forNewConsiructlon. Iitiproveiiients
audMetalStocltAccount.1,097,581 76
7,576,786 67
2,155,682 67 '1,058,100 92
Balance, Net Income
Dividend Pref. Stock
Dividend Com. Stock
6,716,737 20 5,421,102 90
3,500.000 00 3,500,000 00
1,250,000 00
Total Dividends
Surplus for Year
Surplus Previous Year
4,7.50,000
Total Surplus
*
Decrease.
00 3.500,<X)0 00
1,966,737 20 1.921.102 90
4,873,071 03 2,961.968 13
0,839,808 23
237,633.18
4,873,071 03
1.295,634 30
i,2,'so,'6co"o6
1
.250,000 CO
4.'i.634
30
1,921,102 90
1,966,737 20
:
.
..
.
1
THE CHRONICLE.
1042
"^Ixc
[Vol.. lx:xix.
COTTON.
<£^ommzxciiil ^imjcs^
COMMERCIAL EPITOME.
Fkiday NiaHT.
Sept. 16, 1904.
Feidat Nioht, September
16, 1904.
The Movement op the Crop
aa indicated by our telegrams
from the South to-night la given below. For the week ending
this evening the total receipts have reached 187 343 bales,
against 133,105 bales last weeK and 77,486 balee the previous
week, making the total receipts since the Ist of Sept., 1904,
843,300 bales, against 151,785 bales for the same period of
1903. showlne an iacsrease since Sent. 1, 1904, of 191,515 bales.
General basineBS conditions have continued enaoaraging.
Seasonable activitr bas been reported quite generally, a fairly
full movement of mercbandlse into the hands of the conRecHpU at— 8al.
Wed. Thurt.
Tu€$.
fri.
Hon.
Total.
suming trade being experienced, and there also h»»s been a
moderate amount of re ordering of supplies by jobbers and OalTeeton.
6,210 11,585 28,639 12.661 9.954 12.151 76,3M
Pt.Arthur,&o
201
201
dealers, A larger tonnage of pig iron has been booked, but
New Orleans.
3,693 3,163 2.688 2.763 17.049
1,296 8,561
at lower values. Confirmation of extensive damage to the
Mobile
628
603
967
518 2,129
664
6,309
wheat crop and a frost scare resulted in renewed speculative Pensaoola, Ao.
grain. Pros- Savannah
activity and a sharp upturn to prices for this
9,902 6,094 12,778 7,277 11.988 11,184 59,218
BrnnBw'k, &e
8,462
8,462
pects have continued promising for full yields of other
407 2,852 2,570 8,228 14.126
grains. Confl icting reports are heard relative to the cotton Oharleston .... 1,306 4,264
Pt. Royal, &o.
crop prospects.
Wilmington....
818 1,319
488 1,051
303 1,316
4,745
Lard on the spot has been in moderate demand, exporters
Wa8h'ton,&o.
being buyers of Western, and prices have been well main- Norfolk
941 1,497 1,877
462
579 1,728
6.584
167
167
tained. The close was easier at 7'50c. for prime Western and N'p'tNews,*c.
New York.
• <••«••
7-SOc. for prime City. Refined lard has had a moderate sale at
Boston
45
45
steady prices, closing at 770c. for refined for the Continent. Baltimore
208
208
Speculation in lard for future delivery has been quiet and Plilladelp'a,«o
9
9
only slight changes have occurred in prices. The close was
Tot tUs week. 20.460 27,920' 44.836 28.013 29.4o3 36,711 187.348
1
1
.
i
quiet and easier.
OAILT OLCSBHie PBIOaS or LABD FOIUBM IM OHIOAQO.
fAwri.
tri.
Man.
Wed.
Sat.
Tutt.
6-87i«
702ia
6 95
700
Sept. del'y
700
700
6'92>«
7-10
700
705
707'«
Oot. d«l'y
706
712i«
712ia
7*17»«
710
716
Jan. del'y
7-17>fl
The following shows the week's total receipts, the total since
and the stocks to-uight, compared with last year.
Septc 1, 19G4,
Sept.
Pork has had a moderate jobbing sale but at easier prices,
closing at $12 5C@18 00 for mess, $13 50@15 00 for short clear
and $15 00@15 50 for family. The demand for cut meats has
been limited but prices have been fairly well maintained,
closing at 6)i(a7c. for pickled shoulders, 10@103^c. for
pickled hams and 9@103. for pickled bellies, li@10 lbs. average. Beef has been quiet and unchanged, closing at $8 60@
9 00 for mess, $9 50(ilO 00 for packet, |10 50@11 00 for famTallow has
ily [and ($13 60@15 00 for extra India mess.
been steadier, closing at 43^o. Stearines have been held at
higher prices, closing at 834^0. for lard stearine and 73^c. for
oleo stearine. Cotton seed oil has had a fair sale but at
Blightly lower prices, closing at 28^@293^c. for prime yellow.
Butter has been in fair demand and steady at 13@193>:^c. for
creamery. The demand for cheese has been only moderate
but prices have not changed from 6)^@8^c. for State fac-
1903.
1904.
Stock.
Receipts to
16
1904.
1903.
Galveston...
Pt. Ai.,*©,
65,785
16,128
New Orleans
29.285
7,513
17.689
4,161
45.016
3,648
8,426
24.876
6,516
16384
3,628
1,492
S4,845
763
80,171
8,700
1.337
8,422
2,889
198,177
181,385
MobUe..
P'saoolo,
<feo.
Savannah..
Br'wlck, &o
Charleston.
P. Royal, &0.
WUmlnKton.
Wash'n,
220
3,402
Ac
Norfolk....
N'portN.,&o
New York...
Boston
Baltimore. .
PUladeUAo
348,300 110,222
187,8431
Totals.
151,785
778
Fresh eggs have advanced but the close
In order that a comparison may be made with other years,
was quiet at 22@28o. for best Western.
we give below the totals at leading ports for six seasons.
Brazil grades of coffee have been in moderately active de1903.
1901.
1900.
1899.
1902.
mand and there has been an upward tendency to prices. Beeeiptt at— 1904.
491
66.586
The close was firm at 85^o. for Rio No. 7 and 8^c. for San- Oalves'n, &o. 76.421 26,8o0 80,846 44,008
New Orleans 17,049
7,541
28,834
36.742
47,986
48,060
tos No. 4. West India growths have been quiet, but prices
MobUe
4,271
2,511
6,309
3,462
2,876
7.443
have been well maintained at 9)^@9Xc. for good Cucuta and Savannah...
59.218
37,965
46,683
21,463
50,711
42,557
113^0. for good average Bogota. Speculation in the market Ohas'ton, Ac.
14,126
7,959
12,501
3,919
13,003
19,498
for contracts has been moderately active, and on European Wilm'ton &o
20,076
4,745
19,953
21.181
4,780
16,962
6,584
6,872
6,718
2,692
14,838
8,446
buying and unfavorable crop news from Brazil, prices ad- Norfolk
tory, full cream.
vanced. The close was firm.
The following are the closing asked prices
7 -100. May
Bept
6-850. Deo
7*200. Jane
Oot .....^..,.. 6 900. Jan
1
Nov
1
I
7-000.
1
Maroh...
7'40o.
I
July
K. News, *o.
Ail others...
.„
.
297
113
83
798
6,462
3,605
3,251
4,854
7-60e
Tot. this
wk.
187,343
110,222
311.164
111,825 158,423
204,198
Since Bept 1
343,300
161,785
455,806 221,788 290 657
48 7.986
sugars have sold slowly and the close was quiet at
4)^e. for centrifugals, 96 deg. test, and 3^^c. for muscovado, 89
deg. test. Rsfiaed sugar has been in fair demand and steady
at 6'C0@5'103. for granulated.
Teas have been in fair demand. Pepper has been in light supply and firm,
Kentucky tobacco has been in moderate demand and firm;
offerings have been light. Ssed-leaf tobacco has been in
fairly active demand and firm for Connecticut Havana seedleaf and Pennsylvania broad-leaf. Sumatra tobacco was firm
at the Holland pale on Friday; only 700 bales were obtained
for America. Havana tobacco has been firm.
Offerings of Straits tin have been limited, reflecting light
stocks, and prices have advanced, closing at 27-70@37 87J^c.
Ingot copper has been in only limited demiind but steady at
12%@12;^c. for Lake and 12i^(ail2;}^o. for electrolytic. Lead
has been unchanged at 4 20(p4-30c. Spelter has been firmer,
closing at 5-10@5 '200. Pig iron has had a fair sale but at
slight concessions in prices, closing at $13 25@18 75 for No. 2
Northern and $13 25 for No. 2 Southern.
Refined petroleum for export has been steady, closing at
7'85c. in bbls., 10*55o. in cases and 4-95o. in bulk.
Naphtha
has been steady at 11 J^c. for 71 degrees and 12o. for 78 de-
balances have been unchanged, closing at
l-58c.
Spirits turpentine has declined slightly, closing at
Rosins have held steady at $2 85 for common and
54J^@5fSc
good strained. Hops have beea active and firm, Wool has
been in good demand at firm prices.
Credit
48
691
7-70o.
7-75o.
Raw
grees.
167
8,724
The exports
for the week ending this evening reach a total
of 122,166 bales, of which 82,157 were to Great Britain, 751
to France and 39,258 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1. 1904.
Wuk Ending Sept.
le, 1901.
from
Sept.
Oreat
Brit'n.
lialreston
Stance
44.888
Oonti-
ntnU
1,
1904, «. Sept. 16, 1904
Exports to—
Eirporttd to—
SxvorU
from—
lotal
Oreat
Franct
Week. Britain.
6,597
60,879
70.025
385
8,989
ia,838
8.716
1
OrmMnent.
TotoL
80.818
99,559
S.984
15,820
21.087
31.708
3,000
PUArthnr, &o.
Nevr Orleans..
Uoblle
Peniaoola
3aTaunah_....
Brnniwlok....
8,601
....
61
4.271
15,668
19.989
SI
10,621
3.000
Charieiton....
Port Koyal....
Wllmlniiton...
....
Norfolk
N'port N.,
Ac
New York
19,868
Boston
Baltimore
Philadelphia..
<)an Fran., dco.
1,184
2,466
Total
Total. 1903.
18,742
. .
10.4S2
100
81,13S
6,071
761
135,206
9.-17
67 641
61.737
212,664
84.835
10.036
Si.vtS
69.119
18.886
2,466
1,364
l.l.O
39 358 122.168
10.038 31.249
1,40U
100
61.035
6,071
2,466
1,864
1.4C0
1.001
2.466
1,164
1.400
88.167
83,361
3,873
3.978
751
1
.
.
.
a
.
.
THE CHRONICLE.
Sept. 17, 1904.]
ON SHIPBOAKD, NOT CLBABBD FOB—
18 at—
Other CoastQer_
(treat
Britain ^r'nee tnany. For'gn wise.
.
|
M-IM*
M>
tw
M-'cN-
n<
stock.
00 o
OrleanB.
OalvMton..
Bavannab..
..
11,.^ 16
1.919
500
61.033
10,250
3,000
2,100
2.500
5,000
8,500
86,404 20,445 24,583 r4,743
7.524 103,699
3,10»|
7.203
3,440
3,600
Charleston...
500
MobUe
Norfolk
Heir York....
Other iwrts .
Total 1904..
i'.boo
600
?',506
ils'oo
"soo 3,000
6.000
2,000
17,969
4,752
34.766
5.426
5,413
00 oe
00 t--W
ao«)
<i'>)
00 00
60 MM
«0 C^I^
I
I
I
«
I
«
I
I
I
I
«
I
I
I
9
MM
eo
»^
CO
«j«
1.1 S>8
19,846
5.179
II
II
I
«
M
CO
'
00 o
»0M to'
Oi
m'
a
d
Mt3
coo
1
«*
I
CO
Total 1908.
8 07812,003 16,546 3,(86
57,508 21,888 35.652 23.136
3.321 28 528
5,676 148 85ft
'
cofcs
00 00 oe o
COCC
coco
COM mI
CDO OA MM CO
op
^5
*
h"M
00 00
OM
Qcen
o^^
'
M«^
I
Ml->
t-').'
I
II
152,857
165,481
«
I
I
II
ooo
94,478
4
M
o,
I
00
,
Totall902.
:
00 00 00 00 00
MM ODOt c^o» MO 00
t^t^
MO 09»9 \^t^
19 10 la '« 19 10 Id la
00 o 00
00 00 00
II
II
toco
to
MM MM M—
w
OSOi
l^M ^'t^
I
105
143
27,648 1^.136 12,890
2,2C0 8,000
7*^6
mm-
'
00 00 00
Mki l-O ©O
i^w h'co ao«a
»
«
9
MM
MM
M 1-1^
CO 00 oe .0 00
M(0 MM
ibtO
10
0»0
MOP 0Do» cwcx
1^
wo
1
Kew
^x* mm- Sm
tan-
iriiiMMMin'll'irii'ii'l!'
Leaving
Total.
1043
Futures.—Highest, lowest and dosing prices at New York.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shpboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
Sept,
:
01
9
oe 00
Mta M<i^
00 ~JO»
eo 00 op pp
>^t^
MM MM OB^ cota 1^
M«4 0-4
1^00
•
•
«
d >^>-'
t^l-l
MM
^t^
pp ^o op 00
Speculation in cotton for future delivery has continued on
II
11
II
(OtO
AM
a moderate scale only, there being comparatively little
•
19
4
14 Id
«
19
outside of operations by trade interests. The moveMM
trading
00
00 o pp
moderately free, but thus far no
ment of the crop has been
II
II
dit^
MCO
M
OCX
^M CO «j>j Mco to.a Mta eei^
coc»
o»a cooo o>o
pressure of cotton has been experienced. Exporters have
been steady buyers, they needing supplies to restore the ex00 ®l op 00 op pp pp 00 po
dot C7>*^ »}i^ »^ t^ti. iikco d>d>
hausted stocks of foreign spinners. The demand from doM«0 aoO M#k OM a^O OO COM
ex 00
«e
mestic spinners, however, has been reported light, their buy«
«
«
«
9 19
M
ing as a general rule being of a hand-to-mouth character.
O
00 00 po po 00 00 00
II
II
from the cotton belt east of the Mississippi
The crop news
didi
c^di
coa MCO
^-a CO
has been as a general rule of a favorable character. Re00 00 00 00 00 po 00
ports from the Southwest, however, have been conII
II
CJ>i^
COCO
I^CO
«^co CJ>4i>
clique of room traders has been reported
flicting.
ODoa
MCX 00 OI oco M-J
coos
I^OB
9
9
•
19 19 19 MM 19
•
9
•
9
inclined to take the bull side of the market, and
9
M
with only scattered selling has sufficed to
its| buying
oe
00 00 eo
9<? 9|
II
II
c>ob
carry prices to a slightly higher basis. To-day there was
«co a
Oco MCO CO 01
an easier market early in the day, in response to weaker ad00 o eo *?l 00 00 00 00 00
vices from Liverpool, and there also were reports from seme
II
II
c^^ d>
4^ CO
ssco
<^C0
coco
«k
•4(0
kSO •4
CO CM
MCO OOO COM >'>-'
Soathern markets of a halting demand from exporters tor
9
9
9
9
•
9
9
9
9
9
9
actual cotton. Daring the d^y, however, local bull intereets
MM M
00 ®l MM oe 00 00 00 »«
00
became more aggressive, influenced, it was claimed, by the II II II pp p
»c^ en
d<cn
I^CO
^^ Ml^ OOi }^*OOCC
amount of cotton in sight not being as large as expected, and
06
coo «
CM
prices advanced, recovering the early decline. The close
o
II
1(0
M
was steady and unchanged to 1 point lower for the day. Ck)tt^
M 'o 'e
O
6
M
OD
•4
A
1^
o)
ka
a
O
e>
ton on the spot has been quiet, closing at 10'90c. for mid9
9 19 19 19 19 I* 19 19
9 19 19
M
dling uplands.
O
o
9
9
The rates on and oflf middling, as established Nov. 18, 1903,
12
09
cn
a>
CD
M
•A
CD
CD
the Revision Committee, at which grades other than
by
middling may be delivered on contract, are as follows.
IHB ViBiBLB buFPLT OF UOTTOH to-nlgbt, as made ap by
0. 1-30 on
Good Middling Tinged c. Even table and telegraph, is ai foUows, Foreign itooka, aa well
Fair
Middling Fair
96 on Strict Mlddlirg Tinged.... 06 off u the afloat, are this week'i retnrns, and oonseqnentiy all
0*62 on Middling Tinged
12 off
Btrlot Oood Middling
0-44 on Strict Low Mid. Tinged ...
34 off 'oreign fignrea are brought down to Thnraday evening,
Good Middling
Strict Low Middling
014 off Low Middling Tinged
OSO off tnt to make the total the complete fignrea for to-night
038 off Strict Good Ord. Tinged
84 off Sept. 16„ we add the item of ezporta from the United States,
Low Middling
0-50 off
72 off Middling Stained
Strict Good Ordinary
ouindlng In it the ezporta of Friday only.
1-00 off Strict Low Mid. Stained... 1 06 off
Good Ordinary
1904.
1908.
1908.
1901.
1-50 off
Strict Oood Mid. Tinged.. 0*30 on Low Middling Stolned
^ ^,.
jioek at LiTMpooi ...... baiea. 126.000 1T4.000 805.000
267.000
On this basis the official prices for a few of the grades for 9«oak at London
.
23,000
26,000
17.000
8,000
9toek at tfanoheater. ..........
11.000
19,000
the past week Sept. 10 to Sept. 16— would be as follows.
total Oreat iSiUalB atoek.' 160,000 219,000 322 000
275,000
UPLANDS.
Sat. mon Tnea l¥ed Th. Frl.
ttoek at Hamburg,
44.000
25.000
21.000
18.000
^toek at Bremen.... ..
35.000
27,000
88,000
63 000
9-90 9 90 9*90 1000 9-90 9-90
Qood Ordinary.
4toek at Antwerp ......
4 000
4,000
6000
2,000
10-68 10-52 10-5 2 10-62 10 52 10ft2
Low Middling..
itoek at Havre.... ....
49.000
40,000
53.000
61,000
Middling
10-90 10-90 1090 11 00 10-90 1090
ttoek at MarBelUeB....
8.000
3.000
3000
8,000
-34
Good Middling.
1134 11-34 1134 11 44 ill'34 I
itoflk at Baroelona ....
11,000
8,000
63,000
23,000
11-86 1186 11-86 11-96 111 86 II 86
BOddllng Fair..
Itoek at Genoa....
28,000
12,000
13,000
..
6,000
•took at Trlente . .«..«. ....
16,000
12,000
7,000
12,800
QULF.
Sat. non Tnea "Wed Th. Frt.
Total Continental stooks.
187,000 134,000 193,000 178,200
1015 10-16 1015 10-25 10 15 10-15
Good Ordinary.
r^tai Baropean atooMo...
347.000 353,000 515,000 463,200
10-77 10«77 10-77 10 87 10-77 10-77
Middling..
Low
India cotton afloat lor Snrope
13000
49.000
20.000
18.000
Middling
1115 1115 11-15 1126 1115 1115 Amer. cotton «flnatforB'rope. 173,000
39,000 208,000 132,000
11-69 11-89 II 69 1169 11 59 11-69
Oood Middling.
BKypt, Brazll.Ae., «flt.for E'pe
16,000
14.000
17,000
18,000
12-11 la-ii 1211 1221 12 11 12-11
Middling Fair..
Stuck In A.lezandrla, Egypt...
47.000
10,000
17.000
37.000
Stock In Bombay, India........ 304.000 318,000 285,000 304,000
8TAINBD.
Sat. Mon Tnea UTed Tb. Vrl.
Stock In nnlted states porta.. 198.177 181,385 309.338 272,875
84321 148 017 169 330
940 9-40 9-40 9-^0 9-40 9-40 Stock In U. 8. interior towns.. 95 561
Low Middling
United States exports to-daj.
48.4 03
20 701
26.998
1.848
10-40 lOlO 10-40 1050 10 40 10-40
Bflddling
total rlBlblaaapply
1.237.131 1,019. 4U7 1.545.365 1,385,453
Strict Low Middling Tinged.. 10-56 1056 10-56 10 66 10 ^6 10 66
1090 10-90 10 90 1100 10-90 1090
Good Middling Tinged
01 tbe abeTe, totala ol American and otber deeorlptionB ar e aa tollowa
I
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. .
.
—
Amtntan—
The quotations for middling upland at New York on
Sept. 16 for each of the past 33 years have been as follows.
1880.. ..ell's
1904. ...0.10 90 1896.... c. 8h
1888....0.107ifl
8i«
eiSja 1979
iv3je
1903
11 -"S
1895
1887
6''9
'H«
1878
1802
blSje 18^4
1886
9Bia
Ill*
IOI16
1877
1901
8>4
1H93
1885
87,6
U»8
10»«
1876
1900
18W2
1884
7:i,a
14»«
187.5
689
1899
8»«
1883
103a
1891
lfc%
1874
1898
511,8 1890
ION,
1882
1211,
12ie
187.J
ao»4
7»«
1138
1897
1881
1889
uiTerpoolstook.........balaa.
Haneheater atock. . ...... ......
Jontlnental topk*. ......
_
Imerloan afloat tor Europe...
MARKET AND
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
Saturday Dull, 10
Monday.... unlf»t...
Tnesday
Qnlet
Fdtdrkb
Market
Clobbd.
do Steady
steady
steady
Wednesday HT/(lv,10pt«. ad Mtearty
Thnraday.. Quiet. 10 pts. do. Hieady
Friday
Unli
Steady
.
. .
Total
Sales op Spot
,
& Oontbact.
Ex-
Oon-
Con-
port.
sump.
tract.
pta.
'V2
17H
800
Total.
542
110
206
847
"ltin«>v«ny (4oo<i.
178
17
110
17
1.047
84.3-^1
189,000
144,000
208.000
122.000
30^336
148.U37
272.575
169,830
886.253
67.000
17.000
78.000
H.OOO
74,000
26,000
2,000
69.000
49,000
14,000
10,000
318,000
413, ad.
1,848
20.000
17,000
17,000
285.000
6Bi«d.
132O00
Lfvnmoo
110 000
13,000
16,000
47,000
304.000
584,000
653,181
'49.006
...
B^ied
46igd.
HT Continental imports past week have been 10 OHO balee.
n iuTease over last week
The above
200
700
248,000
5e,206
18,000
18.000
37,000
284,000
lt«ek In Bombay, Indla...._
56'2.000
462000 499.200
total BaBt India, **
457.407 1,0S3,3«.'S 886,258
Total American............
Total Tlalble snpply
I,287,l3i 1,019,407 l,546,u«5 1,386,458
6>«d.
6-5Hd
«lddllnf OpIaDd, JJveriiool..
6-82d.
4>>iRd.
h'^b.
ll-76o,
9o.
aiddllnir Upland. New York..
10 90o,
TOied.
63|6d.
fi"*i(id.
8>«d.
*Kypt Oood Brown, Liverpool
7d,
7ii«d.
'era* Koagb Oood, Liverpool 11-OOd.
9 OOd.
eij^d.
6\d.
413,^4.
4«',jd.
iroacb rine, Liverpool
juutiiieucaiSbuoKB..... ........
ndla afloat tor Bnropa . ......
IgTPt. Brasll *o., afloat
Itoek In Alexandria, Bgrypt...
days.
Spot Market
Closed.
100.000
17,000
65,000
39,000
181.385
2.%,992
20,701
457,407 1,083,365
Jnlted Stale b took ............
jBltedStateBinterlot atocka.
Inlted Stateiezportt to-day4S403
Total Amertcan
653,131
Mast Indian, Brauil, <le.—
liiverpool atock...... ..........
67,000
London atook
33,000
Manchester stock
4,000
We
same
69.000
7,000
77,000
173.000
198.177
95,561
•
figuree for 1904
show
t
of 84,175 bales, n gain of 217,724 bales over 1903 a decrease of
808,234 balee from 1902 and a loss of 148,822 balee from 1901. i|
M
.
.
THE CHRONICLE.
1044
At thk Interior Towns
the movement— that is the
since Sept. 1, the shipments for the
week and tlie stocks to-night, and the same items for the
corresponding period of 1903—18 set out in detail below.
receipts for the
week and
a
"
O
Sept. 16.
•
.
g
Q B??-<1
<-i
o
•o
a
o
-
,rjiii;
El
2
jr
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tn
en
O
M
Wq
*t"2d
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:
:
;
:
Augusta
Sfri:
:
:
Memphis
8t.
•a
©I
oo
If*-
ex'o< M-Tj »c
CLOBINO QUOTATIONS FOB MIDDLIKO COTTON
tn CO OD 00
){»•
« to o< OdVj lo to "q"!^ a^V-V
i-'0505Ocii;
oo t-
(f-M
•
©ojwoDO-'w*' ti>ooocoo5©*»
o»oeotow^~jO'j*'i-'tt-
O(0Ot0©©©05lf^<Bu.C0uUh<^l^(0C0OC0
If'
CO 05 OO
IF'
05 0: U>
©
CTl^h-'-JKJOl
«
f
hV f
*i""
i^
-J cot
eo"lo co"»H" i-- CO
Oi<K105O»b0W^lf»-CJib0CC<I>ci-'
S.
O i—
OtCOl-'
10
10
10
10
10
10
11
1100
Friday.
ioBs'
io>i'
10^
idss"
10S)0
10"75
11 25
10>s
10S8
101,8
101,6
107,h
10*8
10)4
1038
10»4
ib'ij
104
107,8
107,8
io>e
1014
1014
10-90
10-75
11-15
1090
11 00
10-75
11-25
10-90
10-76
107,8
10>4
101^
106,8
io4
lOifi
10«4
9%
10
101,8
lOifl
1038
10"
10>«
10-75
11-15
10>«
lOSs
10»«
lOk
9^
1113
11-15
lOBie
10»16
10>s
lOSs
109x8
\0H
lOV
9\
1115
1038
lOSg
10»«
107,8
9V
9%
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.
lOSs
Louisville
Natchez
10>e
103,«
Columbus, Qa. 10
Montgomery.. lOH
Raleigh
10»4
Columbus, MLfs 938
lOas
Nashville
Shreveport
10»i8
New Orleans Option Market.— The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
.
©<itoCotn<-'a5©C)<©aiOD
comV'
eooo'o'co:
Osu'05; -J'^h-to;
05©05' CO0DO3QD
©OC;iM©050<Q005aO©M05050DCO
lOBie
106,8
The
I
©©oaQ©^<o©coi->aocoaccou<05Cou>c;>©cooo<qo5coif.©i->a5©o5coc»
»3"co
105,8
10>4
;
OK)©<l
©eoc}i'J>©©9:ao<lu<if^Uixi('Coaod:co^h3
10i«
108,8
ON—
'
i
0<J«<05
K>
Tiiesday. Wed'day. Tkursd'y
,
10
MCO
00 05 "-"o W WO"© OHO IC 00 CO
)-•>-•
.
.
Uttle Rock..
!
3i CO CO
SuTS
M
Louis...
Houston
- S
w ?f
Monday.
ScU'day.
Galveston.
New Orleans
Mobile
Savanntth...
OharleBton
Wilmington.
Norfolk
Boston
Baltimore...
Phiiadelph'a
at 0, --
[Vol. Lxxix.
Quotations for Middling Cotton at Other Markets.—
Below are clo.sing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
oca
E o o E.g3
(> 3>
.
o^<>
ksc"0
kOcnoiMC5-JO>
CO
© t- C
I-"-
-
I
Sat'day,
\
Monday, Tuesday, Wed'day, Thursday' Frtday,
Sept. 10.
Sept. 12.
,
Sept. 13.
1
Sept. 14.
Sept. 15.
1
Sept. 18.
I
to
CO
M
tB
09
"kiHi'm
MWj^MMw
CO
i^Mj
i^.^ Jf'P
VH'WI-''t005'l^'bM<lCO©'cO' lo'Vc » H't-'OlVeOtSO' W<l
COM
i-">-acQD©05 — wi:j>coodos
005-j»aoo5*>-i-'<j-a(yiaoo'eoc»©~]o:if'CO
OQOU<h->Oa5COOI-<ea5^^lP-tO^(OCdl(^05 000305000500 CI ^©)-'©C0
^^^f*
.
10-07-14 1000-14 1014--32 1040--55 — --53 10-27--37
10-30--31 10 47--49 10-34--36 10-36--38
10-02
1005-
<5'91-00
Closing..
9-91-93
.
CO
oa-
Range
Closing..
OCTOB'B—
Range
to
moo;
OO),
Sept.—
«o"
eo;
en;
©!
©
©•
koMce
to
COj|i._J-
^awMtolowbi coVj
"cooo^
o<coi-'o<M<no«o"Ip>.bo
c;i-qcoo5 0D05 0<toc»rf^-a<la'©tcboi-'C3>-'co(o03Co-jtoco
toll
tO0500'-|^KI'^;O^I-'CRC0<]>-'©CO0C©l->©tOCO©t0tSM
9-81-01 i001--19 10-30- 40 10 20-39^0 15- 27
9 94--95 10-15-16 10-34--35 10 21--23 10-27--28
Dbc'ber—
9-97--04
Range
1006- -25 10-33-'45 1025--43 10 20--34
00 10-19--20 10 38--39:i0-26--27 10-33--34
P -88-07
.
Closing.
9-97--98: 9-99-
Jan'aeyRange 1003-10 9-93-13 10-12- -31 10-37--50
\
ST
MIS'
if' m',
r-M.
MM'
If^'
>-><Jt
00
©;
00'
to
at-
bocoif'COif'-
M;
;
mmVi;
'Jgi-'MtoVi'co;
m©
*
©©©
1-1
•8
W
_M;
tO
"i''cc'io
wS
©©»-'©c;'if'©H-©oo(-'
I
CO*
The above totals show that the interior stocks have increased during the week 17,868 bales, and are to night 61,230
bales more than same period last year. The receipts at all the
towns have been 166,532 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
We give below
and since
Sept. 1 in the last
two years are as follows.
1904.
September 16.
Week.
1903.
Since
Week.
Sept. 1.
Since
Sept. 1.
Shipped—
1,421
5,664
431
668
399
via St. Louis.......
Via Cairo...
.,.
Via Rook Island........
1.
Via Louisville ..................
798
700
334
"140
"iV9
16
Via ClDolniiatl. . . . . . . ............
Via other routes, &o............
258
2is9
162
179
475
1,527
1,919
924
2,879
Total gross overland..........
3,784
9,704
1,657
4,317
262
584
507
942
"552
i'077
"sio
2'895
814
1,661
1,317
3,837
2,970
8,043
340
480
shipments—
Overland to N. Y., Boston, &o..
Between interior towns
Ip-land, Ac, from South
Dedtiet
Total to be deducted
Leaving total net overland'
*
Including
.
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 2,970 bales, against 340 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 7,563 bales.
1904.
1903.
In Sight and Spinners'
Takings.
Week.
Since
Week.
Sept. 1,
Since
Sept. 1.
187.343
Receipts at ports to Sept. 16
2,970
Net overland to Sept. 16. ........
Southern consumption Sept. 16.. 35,000
343.300 110.222
151,785
340
480
35,000
80,000
225,313
17,698
4'24,343 145,562
232,265
22.719
Total marketed.
...........
Interior stocks in excess
Came Into
Week—
Sept 19
1901— Sept 20
1900- Sept 21
1899-Sept 22
12,554
168,116
457,634
North, spinners' tak'gs to Sept. 16
1902
33,291
sight during week. 243,011
Total In sight Sept. 16
Movement
8,043
73,0o0
17,595
51,365
264.984
28,185
63,834
into sight in previous years.
Bales.
Sitice Sept.
1—
292,682
178,021
1902-- Sept 19...
1?C1— Sept20...
24').201
1800— Sept
1899— Sept
293,006
21...,
22...,
10-13--21 10-07--23 10-25--42 10-52--e5 10-44--62 10-il--53
1016-17
10 57- 58 10-44--45 10-52--53
10-37--38J
ONE—
Spot...
Steady.
Firm.
Firm.
Steady.
Steady.
Steady.
Options. Steadv
Steady.
Steady.
Quiet.
Quiet.
Steady.
Range
!
This year's figures estimated.
Sept. 16
l0-31--4<> 10-27--39
10-25--26 10-43--44 10-31--32I10 38--39
Weather Reports by Telegraph.— Our
CO
w©k
©too>©»j©if-if'C0i-'05©
1002-03 1005-08
Closing.. 10-14--15
©tX)tO©©C0>O; C005MtS©QOC»
©©coQoMCXH'toto- ts©toif^coco^©> ©if'^i-'coaoM
CD<100OCO«I»J©<i;
tow' en' le. 'i'.! ootooowoi eotoMoooj; mojcoIo tocoMM-qaM
©tocn — coif^d^ <)
©as! ^' ©sscd; cnoiif'eoQo^ff'-i^'-'ODif;
oifk.
Maech—
KJkOC;'
0OOl05~3K)COlf »OCOWI->CO©l-'K><lif.ao if'Ol
©ta05©l&'ODi-'05»-'()-l-'i-'ODWOOCO'.DCOM~JOit'COif'bO©
u<if>joif'Oao05Qoi->cDi('>aaoif^©«itocoi(^o<©toui©c9
co(o,
CO-
Closing..
Bales.
664,781
364,704
477,325
699,698
telegraphic reports Irom the South this eveolLg indicate that rain has been
quite general in Texas during the week and that in some districts the precipitation has been excessive.
Elsewhere in the
belt the weather has been dry in the main. There are complaints of rust and shedding from portions of Tennessee and
South Carolina and boll-worms are stated to be doing some
damage in the vicinity of Selma, Alabama. Cotton is opening rapidly as a rule and picking is making excellent progress,
except where interrupted by rain in Texas. The marketing
of the crop is upon a quite liberal scale.
Galveston, Teaas.— Rain has fallen on three days of the
week, to the extent of two inches and fifty hundredths. The
thermometer has ranged from 70 to 88, averaging 79.
Abilene, Texas, There has been rain on one day of the
week, the rainfall reaching fourteen hundredths of an inch.
Average thermometer 78, highest 90, lowest 56.
Srenham, Texas.— It has rained on two days of the week,
the rainfall reaching sixty-one hundredths of an inch. The
thermometer has averaged 79, the highest being 90 and the
lowest 68,
Corpus Christi, Tetcas.— There has been excessive rain on
four days of the week, the precipitation being four inches
—
and sixty-eight hundredths of an inch. The thermometer
has averaged 78, ranging from 70 to 86.
Cuero, Teajas.— Rain has fallen heavily on three days of
the wecK, to the extent of four inches and eighty one hundredths. The thermometer has ranged from 67 to 95, averagirg
81.
We
Henrietta, Texas.—
have had rain on one day of the
week, to the extent of thirty-four hundredths of an inch.
Average thermometer 72, highest 94, lowest 49.
Huntgville, Texas. It has rained on one day during the
week, to the extent of twenty hundredths of an inch, The
thermometer has averaged 88, the highest being 98 and the
lowest 65.
Kerrville, Teajcw.— There has been rain on four days of the
past week, the precipitation reaching two inches and two
hundredths. The thermometer has averaged 76, ranging
from 60 to 91.
Lampasas, reojcw.— There has been rain on one day during
the week, to the extent of twenty-two hundredths of an inch.
The thermometer has ranged from 59 to 92, averaging 76.
Longview, Texas, There has been no rain the past week.
Average thermometer 77, highest 85, lowest 59.
It has rained heavily on two days of the
Palestine, Texas.
week, the rainfall reaching one inch and four hundredths.
The thermometer has averaged 71, the highest being 90 and
the lowest 62.
Paris, Texas.— There has been no rain during the week.
The thermometer has averaged 72, ranging from 64 to 98.
San Antonio, Texas. —Rain has fallen excessively on three
(lays of the week, the rainfall being five inches and ninetyfour huodredtha. The thermometer has ranged from 66 to
—
—
—
averaging 78.
Weatherford, Texas,— We have had rain on one day of the
week, to the extent of twelve hundredths of an inch. Average thermometer 76, highest 92, lowest 60.
92,
-
.
Sept.
THE CHRONICLE.
17, 1904.]
1045
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
of an inch. The thermometer has averaged 81.
Columbus, Mississippi.— There has been no rain during the week and for the corresponding week of the previous
two years.
week. Average thermometer 75, highest 94, lowest 56.
Shreveport, Louisiana.— There has oeen no rain during the
Thermometer has ranged from 60 to 93. averaging 78.
New Orleans, Louisiana.— There has bten rain on one day
of the past w^ek, the precipitation reaching three hundredths
week.
Leland, Mississippi.—Cotton has deteriorated about 80 per
have had no rain the
No top crop is looked for.
past week. The thermometer has averaged 77 "9, the highest
being 94 and the lowest 53.
Vteh-^burg, Mississippi.— There has been but a trace of rain
on one day of the week. The thermometer has averaged 78,
We
cent.
ranging from 60 to 92.
Helena, Arkansas,— Crops are suffering from blight and
The therfalling. There has been no rain the past week,
mometer has averaged 71, ranging from 57 to 89.
Memphis, Tennessee.— BuBt and shedding are generally
Cotton is
complained of, cansing further deterioration.
opening rapidly. There has been no rain during the week,
and, in fact, no rain of consequence since August 22. The
thermometer has averaged 74 2, ranging from 50'2 to 92 '2.
Nashville, Tennessee.— The weather has been dry all the
The thermometer has ranged from 44 to 93, averweek.
aging 70,
Mobile, Alabama.— We&ther has been favorable in the interior and cotton picking active. It has been dry all the
week. Average thermometer 80, highest 93, lowest 70.
Montgomery, Alabama. Weather perfect for gathering
We have had no rain during the week. The thercrops
momf ter has averaged 79.
Selma, Alabama. There has been no rain the past week.
Boll-worms are doing some damMge. The thermometer has
averaged 70, ranging from 56 to 88.
Madison, Florida.— There has been no rain during the
week. Thermometer has ranged from 83 to 90, averaging 76.
Augusta, Oeorgia.—'Dij weather has prevailed all the week.
The thermometer has averaged 79, ranging from 62 to 93.
Smyrna, Georgia. Weather very favorable for cotton
picking. There has been no rain during the week. Average
thermometer 73, highest 87, lowest 58.
Savannah, Qeorgia.— There has been rain on one day of
the week, tfce precipitation being five hundredths of an inch.
The thermometer has averaged 78, ranging from 68 to 91.
There has been rain on two
Charlei^ton, South Carolina.
days during the week, to the extent of forty-four hundredths
of an inch. The theimometer has ranged from 68 to 88,
averaging 77.
Stateburg, South Carolina.— R&ia has fallen lightly on two
days of the week, accompanied on Wednesday by moderate
cyclonic high wind eight to ten hours, backing from east to
west. Probably some damage to cotton, of which much was
open. The rainfall reached seventy-five hundredths of an
inch. Average thermometer 70, highest 80, lowest 62.
Cfreenwood, South Carolina.— Cotton is shedding considerably. We have had no rain the past week. The thermometer
has averaged 74, the highest being 85 and the lowest 61.
Charlotte, North Carolina.— Conditions excellent.
We
have had lain on one day during the week, the rainfall reaching two hundredths of an inch. The thermometer heis averaged 71, ranging from 52 to 90.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
Alexandi ia, Egypt,
September 14.
1902,
1903.
Receipts (oantars*)—
32,000
51,000
week. .........
Since Sept. 1
Tlila
Exports (bales)
This
Since
week. Sept. 1.
—
To Llvei-pool
To Manohester
To Continent
To America..........
1,750
3,500
Total exports
A oantar is 98 lbs.
*
45,000
75,109
55,000
83,602
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
3,083
4,3381
100
400
9,500
14,250
5,275
846
5,744
2',692
1,000
1,750
3,500
8,000
1,000
10,482
3250
3,869
7,918
3,869
8,985
221
—
Manchester Market. Our report received
to-night from Manchester states that the market
by cable
firm for
is
both yarns and shirtings. The demand for both India and
China is imprjving. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison.
—
1904.
32« Oop.
—
—
1904.
Twist.
d.
d.
1903.
8I4 lbs. Sflirt- Oott'n
ings, common Mid.
to finest.
Uplds
8.
d.
d.
s.
d.
SHlbs
Shirt- Oott'n
32» Oop. ings, cornTHOn
Twist.
d.
d.
8.
®9S8
Ag.l2 8I3® 9J4 5 8 Wis 7»9 610 9
••
19 838® 9ie 5 7ifi®8 713 6-12 815i8«91fl
" 26 S-'e® 936 5 10 09
6-66
®9i58
6-64 9
Sep. 2 918® 9''e 8 11 ®9 1
" 9 93,8 'cdQ'Ts 6
«9 3 6-76 8'8 ®9^
" 18 93,6® 9''e 6
^9 3 6 82 9
®988
5
5
5
5
d.
8.
®8
®8
®8
9
8
8
8i*®8
5
®8
®8
8
5
9
Mid.
Uplds
to finest.
d.
d.
6-84
6-70
6
6-86
6
6'52
6
41a 6-36
412 6-58
712
European Cotton Consumption to Sept. 1. — By cable
we have Mr. Ellison's cotton figures brought down to
to-day
We
give also revised totals for last year that
be made. The spinners takings in actual
bales and pounds have been as follows:
Sept.
1.
comparison
—
may
Oct. 1 to Sept. 1.
(treat Britain.
Oontinent.
Total.
For 1908-04.
2,786,000
5,030,000
Takings by spinners... bales
7,816,000
603
476
Average weight of bales.lbs
4850
TakingB in pounds.......... 1,401,358,000 2,389,350,000 3,790,708,000
For 1902-03.
takings by spinners... bales
3,050.000
5,337,000
8,387,000
494
480-0
Average weight of bales.lbs
472
Takings in pounds
1,506,800.000 2,519,864,000 4,026,164,000
According to the above, the average weight of the deliveries
Great Britain is 503 pounds per bale this season, against
494 pounds during the same time last season. The Continental
deliveries average 475 pounds, against 472 pounds last year,
ind for the whole of Europe the deliveries average 485*0
pounds per bale, against 480
pounds last season.
Our
lispatch also gives the full movement for this year and last
year in halop o^ 500 pounds.
in
8 A. H. Sept. 16, 1904, and Sept. 18, 190B.
Sept. 16, '04. Sept. 18, '03,
Feet.
New Orleans
Feet.
4-4
4-2
43
130
Above zero of gauge.
Above zero of gauge
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
MemphlH
Nashville
Shreveport
Vloksburg
1'4
1-4
04
06
6-9
1904.
at—
Week.
Bombay.
...
„
»''««*•
Sept. 1.
9,000
Since
,
17,000
Sept. 1.
J.OOOI
Far the Week.
17,000
Week.
Since
Sept. 1.
9,000
2.000
Since September
1.
Maports
trvm-
Great
Britain,
Oonlinenl.
Oreat
Total.
BHtain.
Continent.
Total.
1902.
Calcutta
1904
1903
1902
MadTHS
1904
1903
1902
Allothers1901
1903
1902 ....
Total
3,000
i'.boo
loiooo
2,000
2,006
3,000
1,000
1,C00
..
hVooo
2,000
9,000
2,000
2".()d<)
5'oo6
2,000
i",obo
1,000
1,000
4.000
2,000
1,000
4,000
7,000
4,000
4,000
7,000
A,000
6,000
7,000
7,000
2,000
1,000
1,000
6,000
7,000
7,000
7.000
19,000
12.000
7.000
20,000
12.000
aU-
1904
1903
1902
Britain.
4.779^
486,
7,582,
55
3,014
Supply
2,843,
)onanmpt'n,48 weeks 2J47,
5,235,
4.752,
8,088,
7,499,
3,069,
2,985,
5,357
96,
473,
569,
84.
605
60,
63,
63.
99,
99,
99,
99,
99.
149,
66,
65,
99,
99.
65,
65.
99,
99,
65.
65,
65,
65,
60,
55,
60.
99
99
Splimers' stock Sep. 1
446
373.
8,053,
4,752,
8,426,
7.737,
689,
Weekly Oontumption,
In October
In November
In December
In January
In February ......
In March
In April
60.
55.
In July
55,
55,
55,
55,
60,
In August
-^8.
99,
99,
99,
99,
99,
99,
L62
162,
159,
154,
154,
154,
154,
151.
159,
157,
99.
99.
99
99.
9».
164,
164,
164.
164,
164,
164.
164,
164.
159,
164,
149,
Qoveenment Weekly Cotton Report. Mr, James Berry,
Chief of the Climate and Crop Division of the Unitetl Sratea
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops in the Southern States for the week
ending Sept. 12, snmmirlzing them as follows:
slieildlng continue over a large part of tne cotton
reports of Irjnry trom tliefe causes ure less nnmt'roun than In the
jrevlons we»k In the central (lUtrlotd. The weaihor hBS be«n favorable fcr pIchliiK. except In portions of 0»^orgl» ami Florida. wh«re this
wi rk WHB hluder'rt by ht-avy rains, »m\ ploUiog In now heunn In
tb^ northern rilHtrlots. In T«xas cotton lia* Improved clliibtlj In a few
noithrrn couMlecbut on the whole veri little now fruit Is forming,
Mid boll-weevls are pnnctnrInK nearly all new panares In the HOUtb.westoin. ooaKt, central and eastern oountlea, as well as In a number of
northern counties.
While rust and
......
Total
Total.
nent.
—
......
i",ooo
ereai
Spinners' stock Oct. 1
40,
Takings to Bept. 1
2,803,
In May
In Jane
Bombay—
1904
1903
Conti-
OOOf omitted.
1902.
1803.
Since
1902-03.
1903-04.
Great
Britain
15-8
India Cotton Movement from all foRTS.— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Sept. 15 and for the season from Sept. 1
to Sept. 15 for three years have been as follows.
Beeeiplt
Oct 1 to Sept. 1.
Bales of 500 lbs. each,
OOOf omitted.
i',6o6
belt,
—
.
.
THE CHRONICLE.
1046
Census Bubea.d Report on Cotton Ginned to Sept. 1.
CfLciDS Bareaa IsBued on Sept, 15 Its first report ot the
oarrent eeason on the amount of cotton ginnedfollows
The
:
reosus Biireaa bIiowr a total of 390.414
oomiuerclal bales pressed at the glnuerlHS, Klnned frooi tbe growth of
18U* pricir to Hr-pi. i.aK&lnst a total of 17,b87 ouiiiiubiolal bales iu the
oorrespondlnj? period of laHt year. The report bUowh 7.567 jjlrinerli-e
operated thin Heason prior to Sept. 1, while the nuiiit)er operated to
tho correHpondlng date lu 1903 was 8,l7t5. The report iiolu's out that
Id oompariDK the Btail'ttlcs of the two years due allowance must be
The ontton report
for the dlfl'urenf conditions of the seasons. The total oomoierolal
bales, whliih would nnmber 374,831 If the round bales were oonnted
as half bales, comprise 3&tj,796 square bales, 31,187 roand bales and
431 Bfa Island crop bales.
Following Is the Census Otii oe report by States and Territories of the
quantity of cotton ginned from the growth of lu04 prior to Sept. 1,
1801, accompanied by comparative Btatlstlos of the cotton ginned to
the oorrespondlng dace of 1903:
OoUon Oinned
.
to Sept. 1.
1904.
,
,S.
Oomm'l
Square
Sound
bales.
bales.
bales,
Active
Total
Qin^-erits
Sept. i.
Isl'd
Vrop. Oomm'l
—
—
bales,
bates.
1904.
United StateB.390,414 358,796 31.187
AlBb.kma
26,450
24,900
1,556
Arkamsas
76
76
431
17..«i87
7,.^67
1903.
8,178
1,314
1.018
243
Florida
172
259
17
582
41
108
6,283
4
1,574
1.956
Georgia
63,193
Indian Terr'y. 1.065
tiOulslana
5,570
MlsslsRippl ..
2,703
No. Carolina134
1.784
59,980
1,054
5,296
2,601
1
448
384
112
274
102
134
43
4,315
43
Tennessee
Texas
2,974
Market,
12:30 p.
ralr
(
ii.(
Mid. Upl'dB.
Sales
4pec.
4,215
2
2
285,011 258,781 26,280
i.h'si
1
6,761
86
491
419
31
20
407
2
3.367
12
& exp.
Market
opened.
Unlet.
Qttlst.
6 74
6-74
6 80
6,000
4,000
5,000
683
4000
4.000
200
300
200
800
400
800
Market,
4 p. M,
Irrec at Steady
Od" PU.
decline,
l
6 88
at
'i&S pti.
{
decline.
VerTst'dy iJteadT al
4ae pts. aas PU.
adTance. adTance
BrHTit'dy
Oalet,
Dncta. to
1
pudec.
eee
pt«.
deolina.
Onlet at Strong at Steady ai Baty at Steady at
l(»l8pU. 12®14 pu. 3^7 pU. 2 pu. dec biH pu.
adranea. adyanoe to 8 pu ad
decline.
deellne.
vjniet at
i pta. adv.
to 7 ptB.dc.
The
prices of f atnres at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
Mon.
Sat.
Sept. 10. Sept. 12.
M
d.
\
d.
\
d.
TTed.
Tbars.
Frt.
Sept. 14.
Sept. 15.
Sept. 16.
Taes.
Sept.
13
4 12i« 4 12>s 4 12i« 4 121a 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.P.II.
12i«
I2ifl| 1
P. . P. U. P. M.
354
in Sight.—Supplementary to our Annual Cotton
Crop Report, and at the request of a nuaabar of readers, we
give below a table showing the amount of cotton which cam e
in sight during each month of the cotton season 1903-1904,
For purposes of comparison similar results for the three
preceding years are appended.
Qnlet.
Unlet.
6 76
\
3
Amount
DQilneit
4,000
)
117
141
35
1
Moderate
bnalneiK
dolDK.
Futures.
60
460
850
Monday. Tuesday, Wed:day. TAurKfy 9rtdmy.
Sat'day.
apot.
.
1903.
.
Total
So. Caro.ina..
The tone of the Liverpool market for spots and futuree
»ach day of the week ending Sept. 18 and the daily oioeing
prioee of spot cotton, have been as folio we.
of the
made
Oklahoma
[Vol. lxiix.
\
d.
September.. 6 00 6 08 6 02' 5
9ept.-Oct.... 5 57!5 S95 61 6
6 5315 605 52 5
Oot.-Nov..
Nov.-Dee.... 6 60547549 5
Dec-Ian..., h 46 5 455 47 5
Jan. -Feb .., 6 44 5 435 45 6
Feb.-Mch. ., 5 45 6 435 45 5
Mch.- April. 6 45 5 44 5 46 5
5 45 6 44 5 46 6
April- May
May- June.., 5 47 5 44 5 46 5
d.
d.
96 6 0316 OP
58 5 62 5 72
49 563,56
46 5 50 5 58
44 5 48l5 5e
42 5 48 5 64
42 6 46 5 54
43 5 47:6 54
d.
d.
d.
d.
d.
d.
6 0<^ 6 12 6 1516 18 6 10 6 18
5 7.^ 5 80 5 80,6 79 6 71 5 71
5
"lOib 68 5 61 6 62
5 66 5 64 5 57 5 58
5 P4l5 62 5 55 5 S6
5 62 5 60 5 .'i3 5 64
5 62 5 60 5 53,5 54
5 6215 60 5 5415 54
5 63 6 61 5 54;6 66
5 63 6 61 5 54 6 65
6« 6 69 5
^61 6 65
'>59 5 63
5 57 5 61
5 67 661
i57 5 63
43 5 475 56 5S8 5 62
43 5 47,6 6C) 5 58 5 62
Jnne-<nly.
July-An«; .
Months.
1902-03.
September.
810.687
,918,456
October....
November.
December.
,235,649
,849,423
,106,797
Jannary....
February..
648,327
511,432
309,916
237,543
206,489
186,555
187,324
134.912
March
April
May
June
July
August
Additions*
1901-02.
1,268,807
1,948,716
1,837,341
1,621,425
1,293,718
808,839
614,355
476,511
363.103
196.867
189,503
8,939
28,392
1903-04.
704,087
2,132,025
1,937,447
1,803,700
1,298,354
748,822
615,142
355,021
253,777
310,574
180,990
355,248
106,316
1900-01.
897,521
2,160,459
1,757,728
1,750,661
999,542
653,S94
629,734
498.137
348,289
311,203
249,386
237,690
t69,l03
Total crop
10,12 ?.686
10,758,326
10,701.453
10,425,141
* " Additions" include all corrections In port receipts and overlan d
made at the close of the season, as well as the excess in Southern
eonsamption, as shown by the actual results. This total is increased
or decreased bv interior town stocks.
t Deductions.
I
—
Shippino News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 132,166 bales. The shipments in detail, as made np
rem mail and telegraphic returns, are as follows:
Total bales.
Liverpool, per steamers Cedrlo, 10,930....
Victorian. 7,967 upland and 30 Peruvian
18,927
To Manchester, per steamer Tintoretto, 931.
931
To Havre, per steamers Caravellas, 536 upland and 15 Sea
Island
LaTouralne. 200 upland
761
To Bremen, per steamers Bremen, 8,887
Konlg Albert,
6.762
10,589
To Antwerp, per steamer Zeeland, 158
158
To Genoa, per steamers Oitta dl Torino. 1.395
Etrorla,
New Yohk—To
—
800....Hohenzollern, 100
To Naples, per steamer Hohenzallern, 200
New Oblbams-To Uverpool— Sept. 12— Str. Wm.
—
ToBremen
1,795
200
Cliff,
4,254
Sept. 16 -Steamer Darlen, 4,350
Sept. 12— Steamer Marte. 385
GixvBSTOH-To Liverpool— Sept. 8 -Steamers Irada, 19,886;
8,604
385
Magician, 12.830
32,216
To Manchester— Sept. 15— Steamer Anselma de Larrlnaga,
„„' 12,066
ToGenoa Sept. 13 Steamer Fert. 5,697
6,597
To Vera Cruz -Sept. 14 Steamer Galveston. 1,000
l.OiO
Savannah— To Liverpool -Sept. lo— 8tr. Castleventry, 4,271.. 4.271
To Bremen -Sept. 15— Steamer Oalrndon, 7,070
7,070
To Hamburg— Sept. 15— Steamer Oalrndon, 448
448
To Warburg-Sept. 15 -Steamer Cilrndon, 200
30O
ToB^rcelona- Sept. 16 Steamer Hermlne. 7,110
7,110
To Venloe-Sept 16 Steamer Hermlne, 100
100
To Trieste— Sept. 16— Steamer Hermlne, 700
700
BOSTOH To Liverpool -Sept. 12-8teamer Saxania, 1,099
Sept. 13— Steamer Uevonlan. 1.879
2,978
To Manchester Sept. 3 - Steainer Iberian, 1,000
l.OOO
BALXmORB— To Bremen -Sept. 14-Steamer Main, 2,466
2,466
PHILADBLPHIA—To Liverpool -Sept. 9—Str.Westernland, 1,164 1,164
12,066
SAM Fkamoisoo-To Japan— Sept. 8 Steamer Coptic, 800
Sbattlb -To Japan— Sept. 7—Steamer Lyra. 1,100
TotaL
300
1,100
122,166
LrvKEPOOL.— By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
Aug. 26.
Sales of the
week
bales.
Of which exporters took. ..
Of which speculators took.
Bales American
otoal export
Forwarded
Total stock— Estimated
Of which American—Est'd.
Total import of the week.....
Of which American.........
Amount
afloat
OI wblob American
Sept. 2.
Sept. 9.
Sept. 16.
24,000
82.000
46 000
......
1,000
3,000
1,000
1,000
1,000
20 000
35000
21000
1,000
2 00t
8a 000
147.00t
82 000
11,000
5,000
85 000
72.000
3 000
43.000
126 000
69 0i;0
35 000
13 000
153 000
140 000
2,000
18,000
10,000
46,000
238,000
148,000
12 000
6,000
26,000
12,000
37 000
190 000
118,000
9,000
4 000
51 000
84,000
81000
Jute Butts, Bagging, &c,— The market for jute bagging
has continued extremely quiet during the week, and prices
are nomiiially unchanged at Qfi'i. for 1% lbs. and 6Ji^. for
2 lbs., standard grade. Jute butts very dull at l>^',*l^o.
for paper quality and 2@2>ic. for bagging quality.
BREAD"sTrUFFS.
Feiday, Sept.
16, 1904.
A
eharp upward turn to prices for wheat has bad a
strengthening iDfiaecce upon the market for wheat fi3ur,
and mills have advanced their limits sharply. The confirmation of the shortage of the wheat crop has brought buyers
of fl iUT into the market at the higher prices asked with increased freedom, and a fairly full volume of business has
been transacted at firm prices. City mills have been fairly
active at advancing prices. Rye flour has been in moderate
demand and firmer. Corn meal has been quiet but steady.
Speculation in wheat for future delivery has been fairly
active and there has been a sharp upturn to prices. The
monthly report issued by the Government's Agricultural
Bureau confiimed the reports of damage to the wheat crop
of the country, and indicated a total yield of spring and winter wheat of between 525,000,000 and 550,000,000 bushels.
This report revived bullish activity in the market and started
prices upward. Subsequently a killing frost was reported in
late wheat, and
spring- wheat States, damaging
(he
added to the strength of the market, and
this
advanced to a point about 8c. per bushel
prices
above those lulicg at the close of business last Friday.
Later in the week advices were received fronn the Northwest
and Manitoba stating that practically no damage was done
by the frost, the crop being too far advanced to be hurt by
cold weather; selling to realize profits developed and a reThursday
action in prices of about 2c. per bushel followed.
the marliet was again higher on stronger advices from the
English markets, due to the estimates of the Russian crop be102,000,000 bushels smaller than last year. The Cincinnati
'Price Current" estimated the yield of the American wheat
crop at 580.000,000 to 540,000,000 bushels. Tne spot market
has been firm and higher. To-day there was an easier market; tame foreign advices have a depressing inflaence. The
spot market was quiet and easier.
DAILT OLOSINO PKIOBBOF WHBAT FinCKBfl Dl NE W^ YORK.
fri.
Mon.
Wed,
Sat.
Tues.
TKurs.
No.2 red winter, f.o.b... 117i« 121% 12514 12338 12438 123^4
117\ I2114 11»^ 120^8 llSVt
Sept. delivery in elev.... lis ifl
Deo. delivery In elev.... Il2>fl
delivery In elev
lll'>s
May
116i«
119%
119i«
116^
117%
llS'^s
116%
117«b
118>«
1169g
DAILT OLOSIHO FRIOBB OF WHBAT FDTUBBS DC OHIOAOO.
Sat.
Wed. Thurs.
fri.
Mon.
Tues.
10508 109% I1314
111«(»
113
lim
Sept dellv. In elev
112i>8
lissig
118»«
lOSJs
115% 114
Dec. deUv. In ele''
110^8 114«8 llT's 116
116^8 114"'8
May deUvery In elev
Indian corn futures have received a moderate amount of
speculative attention, but the tone of the market has been
unsettled. Early in the week prices made a fairly sharp
advance, baeei on a frost scare, which, however, failed to
materialize, and during the latter part of the week there was
an easier turn to values. The monthly report issued by the Agricultural Bureau was interpreted as foreshadowing a yield
from the growing crop of about 2,500,000,000 bushels. Daring
the week an estimate of 2,250,003,000 bushels made by one authority had some influence in favor of prices. The Cincinnati
"Price Current" in its weekly review of the crop situation
says that with no special drawbacks the corn crop should
two-thirds of the corn
aggregate 2,500,000,000 bushels
;
:
:
Sept.
THE CHRONICLE.
17, 1904.]
1047
be bene- States Is reported as follows: Minnesota, 69; North Dakota, 63;
Iowa, 66, and Washington, 80; a decline during the
market has been quiet. South Dakota, 56; 14 and 1 point, respectively.
month of 23, 27, 29.
ficial, hasteDing maturity.
market under favorable weather
average condition of the oats crop on Sept. 1 was 86-6, against
The
To-day there was an easier
86 6 last month, 75-7 on Sept. 1, 1903, 872 at the corresponding data
reports from the corn belt. Tfce spot market was fairly in 1902 and a ten-year September average of 80-6.
prices.
active, expcrters making fair purchases at a decline in
The following table shows for each of the ten principal oats States tho
croD
safe
is
from
frost.
A moderate frost would
The
spot
NEW YORK.
DAILY OLOSIUO PBIOES OF NO. 2 MIXED CORM IN
Tuet.
Wed.
Mon.
aat.
6188
611*
60
Cash corn f. 0. b
59f8
6038
60
58%
Sept. delivery In elev.... »8»e
57 H
Deo. del 1 very In elev
May delivery in elev
57''8
60^
58h
591a
5888
59I8
5919
68I4
57ifl
condition on Sept. 1 In each of the last three years, and that on
Aug. 1, 1904, with the ten-year September averages
Sept. 1, Ten-year
Sept. 1,
Aug. 1, Sept. 1,
1904.
average.
1904.
1903.
1902.
Statet—
57%
Illinois
Fn
Thurt.
DAILY CLOSnfO PRICES OF NO. 2 MIXED coBN nr CHICAGO.
Wed. Thurt.
Mon. Tues.
Fri.
Sat.
54J4
ZSa
SZ'a
5188
RSk
51
5288
"8
SO**
49
May delivery In elev
^
Oats for future delivery at the Western
Sept. delivery In elev....
Deo. delivery in elev
53%
f
53
5218
5338
52ie
5138
6214
5118
50ie
Wisconsin
Minnesota
Nebraska
New York
Pennsylvania
Indiana
Ohio
70
67
81
79
79
95
83
81
88
87
88
92
82
96
98
92
100
52
Iowa
87
93
95
80
96
97
98
99
58
80
80
88
86
71
86
84
85
87
64
86
66
100
95
86
107
98
96
100
88
68
78
markets have been
62
Early in the week, following the advances in valnes Kansas
quiet.
there was a moderate upturn to values. The
86-6
75-7
87*2
80-6
for other grains,
85-6
United States
movement of the crop continued heavy, and with increacing
The average condition of barley on Sept. 1 was 87-4, against 88-1 on
easiesr tendency to Aug. 1, 1904, 82-1 on Sept. 1, 1903, 897 at the corresponding date In
stocks at primary points there was an
of 821.
values during the second half of the week. The monthly re- 1902 and a ten-year average rye on Sept. 1 was 86-9, against 841 on
The average condition of
port by the Agr cultural Bureau places the crop of oats at Sept. 1, 1903, 90-2 at the corresponding date in 1902 and a ten-year
average of 88-8.
865,000,000 bushels. To-day there was a steady market.
The average condition of buckwheat on Sept. 1 was 91*5, against
DAILT CLOSING PRICES OF OATS IN NKW^ YORK.
92'8 one month ago, 91*0 on Sept. 1, 1903, 864 at the corresponding
Wed.
Thura.
Tues.
Sat.
Mon.
Fri.
date in 1902 and a ten-year average of 85-8.
Nom. Nom.
Nom. Nom. Nom. 35
So. 2 mixed In elev
37i«
87
Nom.
The condition of the various crops on September 1 for a
Nom. Norn. 37
No. 2 white In elev
series of years is as follows:
DAILT CL08INQ PRICES OF NO 2 MIXED OATS ni CHICAOOi
Sept. delivery In rtev
Deo. delivery in elev
May delivery In elev
—
Sat.
Mon.
Tuet.
Wed.
31 13
31%
31%
33ie
35^
321*
32ifl
3188
3314
34''8
34^8
35%
Thurt.
3^38
Fri.
3)88
32%
35%
32''8
3514
FLOUR.
Nominal.
Patent, winter
$5 50 ®6 00
Olty mUls, patent. 6 70 a»7 10
8np«rflne
$3 75 93 80
95 ®4 CO
Rye floor, superfine 4 40 94 90
3
Extra, No. 2
Baokwheat floor.. Nominal.
4 20 '94 50
Extra, No. 1
Com meal4 65 '95 10
(Jleare
-aeis
Western, etc
3 10 '93 15
5 25
Straights
Brandywlne
3 16 '93 20
6 25 a>7 20
Patent, spring
GRAIN.
0.
0.
0.
Com, per bush—
Wheat, per bosh—
0.
Western mixed
84 '958%
N.DoL,No.l
f.o.b.l28Vl
No. 2 mixed
f. o. b.58%
f.o.b.12514
N. Dul., No. 2
No. 2yeUow
f. 0. b.61
Red winter, No. 2.. f.o.b.12214
No. 2 white
f. o. b.58ifl
Hard winter. No. 2. f.o.b.115%
Rye, per boshOats—Mixed, p. bosh. 34^936
37 '941
Western
78ifl®82
White
Nominal.
State and Jersey.... Nominal.
No. 2 mixed..
Barley—West
55 -ass
No. 2 white
Nominal.
Feeding
Nominal.
Flne......^
Exportg of Grain and Flonr from Pacific Ports.— The
exports of grain and flour from Pacific ports for the week
ending Sept. 15, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 9,000 bbls. flour;
to United Kiaiidom, 110,000 bushels barley and 13.( 00 bushels
wheat, and to various South Pacific ports, 2,500 bbls. flour,
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 19U3.
Mxporti
Wheat,
Corn,
Oatt,
Barley,
Flour,
Rye,
from—
8«n Fran.
Paget S'd.
t>blt.
bush,
buth.
buth.
9
768
198
82,809
24,^20
119,689
4,638
Portland..
214,149
201,185
102,687
Total....
521,021
227,018
416,600
4,647
4.016
Tot 1903. 447.507
bush.
bush.
288
3,431
2E3
averages
SlataIlllnolB
Iowa
Kansas
Nebraftka,
Missouri....
Texas
Indiana.........
Georgia
TennoHsee
Kentucky
Ohio.
labam.i
North Oarollna
Arkansas
MUelsslppl
Virginia
Booth Carolina
South Dakota
Indian Territory
Oklahoma
WIsconHin
Pennsylvania
Minnesota
Louisiana
Michigan
86
86
68
87
71
86
80
91
90
89
78
93
U6
87
92
98
91
80
92
87
78
94
80
87
78
Aug.
1
1904.
89
87
70
88
74
89
91
89
96
96
86
93
96
91
95
tf7
98
86
93
89
81
90
80
90
76
Sept. 1,
Sept. 1,
Ten-year
iao3.
1»02.
average.
77
67
72
80
78
91
76
S9
91
81
67
90
88
90
98
88
83
89
81
72
72
79
73
99
79
Sept. 12,
94
91
91
101
102
37
»9
66
72
82
93
64
88
90
60
84
81
78
88
80
88
90
89
61
70
84
79
68
70
80
76
87
87
83
81
N4
84
87
79
81
87
83
75
86
62
84
86
86
86
82
1899.
85-2
70-9
806
828
69-8
84-2
84*9
897
721
838
89-1
52 2
80
64-0
71-4
90*9
880
872
829
68-2
80*8
864
70-7
86*7
86-8
1898.
84*1
86'7
89-4
790
792
688
77-7
79'8
75*2
888
summarizing them as follows:
Corn.—The damage
resulting from light frosts on the 11th and 12th.
over the extreme northern portion of the corn bell was mainly confined to Minnesota, Wtsoonsin and opper Michigan, nearly the whole
of the most productive part of the corn belt having experienced very
favorable conditions for maturing the crop, which, with favorable
weather, will be safe from injury by October 1 in the more northerly
districts. Much corn Is already safe, cutting being general In the
central and southern portions of the corn belt, and Is In progress as
far north as South Dakota and Southern Minnesota. Late corn has
et;ffered from drought In portions of the Ohio Valley and Middle
Atlantic States.
Spheng Wheat.—The weather has favored threshing in the springwheat region, and this work Is now general In North Dakota and Northern Minnesota; harvesting, which has been much delayed in the firstnamed State, having been finished, except some late grain.
The movement of breadstuSs to market as indicated in the
•tatements below is prepared by na from figures collected
by the New York Produce ifixchange. The receipts at
Western lake and river ports for the week ending Sept. 10
and since Aug. 1, for each of the last three years have been:
Reetipti
at—
Wh»at.
rJour.
Chloago
1.126 347
188,971
Dalnth
61,100
78.000
19,965
Lonli....
Peoria
49,455
ia,eoo
St.
wt 1904
Same wk. '03.
Samewk.'Oa.
Since Axtg. 1.
1904
1908
1902
211,655
I2)(.
73.800
47,200
49,516
46,870
4,500
344.810
321,421
288,016
338,47t
11,000
7,880
275,000
201,001
8,700
3.400
339.096
206.563
362.148
270.900
6.810,167
6,079,837 ~1,768,887
7,6P«,75l
5,605,097
3,5:6,161
3.066.464
5,606,172
1.426,691
33.669.454 19,379.622 33,032,79D
28.038.892 22,369,0 !4 80,797,617
18.264.597
9.238,421 31,HH.l8i
3,846.935
421.048
1.880,107
990.870
S71,0:0
r, 658,143
319,191
466.744
l,03?,S8a
8 00H.4SS
664,500
233,478
427,730
35 200
1.701 000
Santas City.
Tot.
2S1.40(
21,690
239.000
121,917
100.547
11,616
740 441
9,400
...
Bu.56
423,594
199.592
115, 'UO
RV*^
ButKism
1.997.670
311 978
1.287,29-'
Detroit
Sarlty.
Oatt.
4,817,400
11.660
198 8J(
Toledo
Cleveland
Corn.
Bwh.00lbt BtM?i.Be{bi BtuKSilb
Ulnneapolis.
report of the Department of Agriculture for September 1
respecting cereal crops was issued on Sept. 10. as follows:
The monthly report ot the Chief of the Bareaa of Statistics of ihe
Department of Agrlonlture will show the condition of corn on Sept. 1
to have been 84-6, as cooapared with 87-3 last month, 801 on Sopi. 1,
1900, 9^'i at the oorrespondlng date In 1902 and a ten-year average
of 78«.
The following table shows for each of the States having one million
aoree or upward In corn the condition on Sept. 1 in each of the last
three years, and that on Aug. 1, 1904, with the ten year September
1900.
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
UUwankee..
487,087
1,498.000
1901.
51-7
Spring wheat; see text.
Bi>ii.i9eibi
8
974
Baokwheat
*
91*0
67-4
91-8
487,087
Aqricultural Department's September Report.— The
Sept 1,
1904.
811
8.0-6
Potatoes
Cotton
1902.
84-S
80-0
90-2
87-2
80-1
74-7
84-1
75-7
82-1
84-3
81-2
91*5
Wheat
Rye
Oats
Barley
Following are the closing quotations:
1903.
1904.
84-6
66-2*
86-9
September.
Com
7,269.886
90,100
1,891,816
917,580
4,611.066
943.470
S,8RI,040 1.647 928
The receipts of Hour and grain at the seaboard
week ended Sept, 10, 1904, follow:
ports for
the
ftsttr,
TieerMs at—
New York
Ho>.ton
Montreal.
(Viktmt,
oot*
,,
.«
.^^
kutk.
101,160
8e,H36
203,300
16.051
40,634
?9.230
6,374
19.918
16,^09
I'hiliidelphia
lltltlmore
Kichmond.
>evf Orleans*
Ntwpoit News, ......
(Jalveston
Portlaod, Me
17,.J
1
266, 21
82,789
136,5'i7
11,811
Oatt,
a»Tltt
OffM,
kuth.
*wk
205.475
S.825
239,161
11,400
63,786
28,378
21.U00
780,800
177.6-4
29,776
195,892
100,630
86.293
88,000
189.700
1,400,011
1,118.578
139.709
976
5.4B6
4,048
48,000
711
Total week ......
Week 1W03.
265.082
S05.1H8
60.000
763,6S6
630.319
1.811,482
1,337.807
Total receipt! at port!
from Jan.
1
11.412
19.^88
6,8:12
tc Sept. 10 compare as
(oUowB for four years:
MuH9tttf-
mot.
1903.
riOBf-
bbls. 12,077 872
14.42t<.3C4
Wheat
bnik,~31,621.T81
"
3H,H9,4«H
'
81,8?20W8
7ol»7^.187
Corn
Oals
74.H6B.lv:0
.108B4.fi67
1903.
14,830,007
H8.814.'9l
12.618 028
Sl.^wv.uSS
15.'
1901.
69.519
116.077,917
t>a.:31..97
f5.183,593
llarley
United States
87-3
80-1
84-3
84-6
The average condition of spring wheat was 66-2. This
first time that spring wheat has been separately reported
Sept. 1, the only oon>parlRon that ran be made Is with thn
one month ago, which was 87 5. The condition In the five
••
79-8
being the
Kje
••
upon on
The azporta from the several seaboard portt for the week
ending Sept, 10, 1904, are shown in the annexed statement.
oocditlon
principal
Total arain
•
2.2t>H.X«8
6''8.330
2,«MI «07
3.846,741
I,Bl".l-a.'«
8.81/1,914
« 6j" 8.-4
2.S69.K6
roT.OtOm^
187.681.80r,
18P,599,e01
269,010,85-
:
THE CHRONICLE.
1048
UaU
flour.
Mw9»rt* trtm- kutk
Maw Tork
Baric*
kuik
bbU.
kwtk.
81.'' 00
127.499
42,015
Boiton.
rortiand Ve
rmiBdelpbla.
altllBUr
Haw Oria«nt
21.870
01,001
12.707
8,148
"eCDOO
714
82,600
16,671
llt.693
"s.oie
6.M8
830.078
Jiawa'rt Nawt
168.011
Hontraai....
1 6.iU0
17.787
Total waak
2f(0.PM
663 778
'08.1,104.844 1.071210
86
'0.228
6,732
30.578
07.803
106.8<)0
10.130
85.000
Ol.rtOl
iSi.MH
8.460
8.671
Skmeclma
t'be destinutiou oi ciiese exporte for the week and ilnu^
Jaly 1. 1904, li as below:
—
ri«ur.'
^**h
w««k uni i<n(«
July 1 uOnltad KinvdoB
•«
OOBtlnant
I .* 0. Amarlaa.
Sept. 10.
8in«« July
1.1804.
——
.Wkttt.
fVatli
9in««
Oern.
S<n(( JfH\
1. ipr4
hun
hvtt
100 800
1.310.377
280.060
4.420.338
S821U8
>l.e40,610
l.lOl.aiO
10.U0.5iO
Colo'i
•potai
^••'^
Sept. 10
bbtt
678.101
S08.833
120.^01
U)8 081
10.405
63.S12
'
Otkar aoQBtrlai
Total 1003-08....
.
1
Julv
1004.
Sept. 10
60.888
14.647
13.033
17,00/
100
1.376
Wail Indiai
r.M.Am
475 705
7a.0ia
480
8,(443.613
41/.b02
8,791001
4680
100.200
40,000
203.4.S4
8.71H 19^
45 72n
xe.ie?
21.0Ue
28.473
B58.778
1,071.240
6.800.607
11.564.^01
The visible sappiy ol graib, compriMiug the etouks 1l
granary at the principal points of accamnlatlon at lake and
•aboard porti,
Do
Hew
kuik.
a2.0D0
152.000
Afloat.
42.V
240. uUO
..
l,l&t5,00C
,
kuC
810 ''"''
17 000
812.'>'K)
..
Ha*
0»r%.
kUik.
^>itat,
Philadelphia*
Baltimore
wat as follows:
Sept. 10, 1904,
I«it«r<«(—
New York
Boston
uarit
kutk.
707 000
166,00
166,000
4<.000
-
bS.MO
11 000
61.000
201.0U0
aso. vO
9,000
65.000
6.000
826,000
161,000
iS4,00C
"'c.b'oc
"1,000
v.>r.aaDt.. .
SaiTeiton
Montraal
Voronto
186 boo
<6
6.000
26.000
602.000
ss&.ooo
336,066
147.000
42.
Baflalo
10
1,73S,
j'o'f
aflbat'.*.
161,000
Do
24,00»
377.'o'o"6
36,000
1.781,000
1,317! VuV
8,597.00e
6i5,bo'o
42.00(
*7i'.000
Deirolt.
'48,600
43e',oo'6
"l2,000
163,000
sas.'o'o'o
90,000
seo.ec
8.000
J.99T.'o'6c
66. '•no
145. .^00
1,032.000
4,000
226,1(1
ll.OOC
»float..
Okiaaco
Do
afloat......
Mllwsnkaa
Of
*iioat
Fort William
Port Arthur
'se.oVo'
OO.JOO
6ie,)oo
Duluth
O
afloat
Mlnnaapolla
St.Loali.
„ Oo
,
l.O22,0C0
2,464,000
afloat......
KanaaaOtty
l,068.'o'66
Peoria
1,000
Indtanayolti
.^.
on MlaiiMippl Rlrer
OBLaket
Oaaansiand rtrer.
280,000
187,000
iee.'o'o'n
4S.n00
112,000
64,000
Sept. 10, 1004 ..18.116,000
Sept. 8. 1004 ..12.8.4 000
Sept. 12. 1003... 14.176.000
Sept. 18, 1002.. 22.056.000
Sept. 14. 1901. ..30,872,000
S,OS7.000
6.026.000
8.304,000
12,6J2.000
4,7iil.000
9,00c
1.557,000
57
t
1,000
'sb.oob
9,000
'80,000
340,000
1,690.000
284,000
sio.'ob'o
.
Total
Total
Total
Total
Total
2,P0'
afloat.,
Toledo.
JO
a
.
1,104,000
1,170,000
11,834,000
9.600.0C0
7.422 000
5.214.000
8.475,000
l,0«i.Oi)0
1,532.0(0
031,001
1,125,000
they have not exerted any particular inflaenoe on the remainder of the market and their effect has been of an entirely
local character.
There have been rather more Itqairlee for
brown drills and ebeetings from home buyere, particularly
from converters, who are becoming anxious as to tbe poasi olllty
of their being able to obtain deliveries on goods the? may require at any moment. On four-yard Bbeetings dtimeelic buyers are now bidding recent export prices, but with little
success, as exporters have bought the market fairly well
ahead. The export demand continnes of mod»-rate proportions, several inquiries having been received for three-yard
sheetings; but bneiness has been restricted through the inability of manufacturers to make the required delivery and
the firmer viewB of sellers as to prices. Bleached xooda have
been rather more freely taken, bat business is coLfined to the
filling of immediate requirements.
Orders for staple ginghams in the primary market show some improvement as a
result of the recent reductions, but the situation is cnm plicated by a jobbers' war in this class of goods
Staple and
fancy prints have been in moderate request, but orders continue to be for small lots only. Canton flarinels nnn cotton
blankets move slowly at recent figures, Kid fioiched cambrics show a slight improvement but prices are without quotable change. Print cloths have been more active for both
wide and narrow goods, but regulars are neglected at 3c.
Woolen Goods. A few first orders continue to be received
in the men's wear woolen and worsted division, and some
fmall duplicate business is coming to hard; hut. generally
sp-abing, agents and manufacturers are busy filling the orders that have already been placed. The dnplicite business
is more of the character of revisions of previous orders and
is due to thf fact that many manufacturers have turned out
almost similar designs and buyers have found it neceesary to
cancel some of their purchases in order to secure a greater
variety of goods. Prices show an advancing tendency all
along the lire. Buyers of heavyweights are still complaining of the difficulty they are experiencing in securing d^ livery
of goods this tall eeaeon, and it is probable that their experience this year will cau?e them to place their ord^-rs earlier
next year. It is not expected that this buelness will be completed until eome time next month. Ovetcoatings continue to
move freely, and there la some improvement in tne demand
for cloakings.
The drees-goods market is now in fall swing,
and orders have been plentiful during the week. Plain goods
are the best in demand, but there is an awaker lug interest In
fancies.
Prices are generally about 5c. higher than last
—
year.
908,0(10
700.000
706.000
1.618,000
THE DRY GOODS TRADE.
[Vol. Lxxix.
Foreign Dey Goods.— Imported
New Yosk, Fbiday, P. M. September 16, 1904.
Farther declines have been recorded in the cotton goods
market during the past week, but their iiflaence has been unchanged.
confined to the autual lines reduced and has not extended to Importations and
the general market. In fact, in certain directions there has
a
been a show of firmness that under the circumstances was
surprising, but which was based on the statistical position of ^ to
0.5;
the market. "While there has been little change in the char- s.
acter of the buying, orders have been if anything rather more B
^
®:
numerous and buyers have been keeping in close touch with d *
OD
the market. This^ has been due to the fact that tbey are m m
f.
c
begionin g to realize to what extent the market has been deB:
pleted of supplies by the active export demand of the past
S:
few months. Home buyers now find that it is becomicg
b":
more an d more difficult to obtain quick delivery on goods
^
s
(sts
and this has resulted in the placing of orders which would (B esc;i *7tStSt0 03 s
M ^O} *.o>o wt>a
otherwise have been withheld. Sellers maintain their belief 1^ TDft cr ,t.;D^ Ob
i
ts
t3
in higher prices in the near future, stating that, with lower
cotton, the demand for goods will increase and that the <^ p-M t3#.tOO»« w
OM tow-y » H
t"
H
scarcity of supplies will cause an immediate advance In 33
Ol
CO
values.
There is little new business in the men's wear Ot OS
CO to 0(0 ui
M» Vbifk'-j'co n
(JitO^CO w
woolen and worsted division, but the demand for dress goods «- ^-a
<*
has shown a decided improvement during the week and a fn COi^ p*
Silk....
Flax....
Cotton
:
:
:
;
•
;
:
:
!
!
;
!
i
:
!
!
'
!
I
•
1
J
>-•
volume of business has been transacted.
DoMBSTio Cotton (iooDS.—The exports of cotton goods
from this ort for the week ending Sept, 12 were 6,477
M"-'
^(X)
00
i^if.
on
oil-"
Ob
(0
^
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w
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New Yobk to Sept,
1904.
1903.
Week. Since Jan.
Great Britain
Other Earopean..... ........
China
India
Arabia.. ......................
Afrlea
West IndleB
Mexico
America
Soatb Amerlua
Central
Other Coantrles
Total
«J
12.
1.
Week.
16
15
886
616
8
1,871
"49s
348
344
34
207
761
321
69,213
4,899
14,857
8,128
14,022
1,641
10,273
37,179
15,401
6,477
177,116
6
2,56^
27
2,314
440
246
70
418
857
Since Jan. 1
1,406
1,020
112,049
9,760
81,0^3
7,086
20,9 26
2,283
8.412
43 282
81
7,664
4,649
245,541
M
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of these New York exports since Jan. 1 has been
810.700,545 in 1901, against $10,955,890 in 1903.
Two important reductions have taken place during the
week, one of Ic. a yard on ticks and the other of 2c. a yard
on wide sheetings, and both of these have b>^en followed by
an improvement in business in these particular lines. So far
OlU
•JW
UM-4 COO
to
~.i
The value
V
w
^
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w
s
a
00 CO
fla
:
packages, valued at |847,4!3, their destination being to the
points specified in the tables below:
MM
OKI
caM
^<i
^^
B
;
:
;
a
t©
^ 5"^
Manataot
:
,.
IVarelionae ^I^ltlidraTvals of Dry Goods
Wool...
Mlsoellan
large
woolen and worsted
dress goods have been in fair demand for immediate delivery
but the orders show decided irregularity. Plain goods are
selling freely and the only complaints heard are that manufacturers are not delivering quickly enough to supply ooatomers' demands. Silks and ribbons continue to move quietly
at recent quotations. Linens are firm but quiet and burlaps
.^
—
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.
THE CHRONICLE.
17, 1904.
S^*,
ber
News
and
$8,000 in 1906, $10,000 in each of the years 1907, 1908
and 1909, and $6,000 in 1910. Certified check on a national
bank for 5% of the amount of bonds bid for, payable to the
Treasurer of the city of Akron, required.
Birfs.— Following are the bids received August 29 for the
$36,000 4? grade-crOFSing bonds awarded, as stated in V. 79,
Items.
Board of EqualNflw York St&ie.-Valuation.— The State
September 8 and received the report of the State
ization met
RnRrd of Tax CommiBsioners and adopted the equalization
tax-year. The values of real
table for the coming State
personal property, as compared with those for
estate
1,
1049
shown
dne to the
&
Co. of Boston
Day
|86,674 60 8ea8ongood& Mayer. Clncln 836,275 76
Boston
R Kleybolte&Co.,Clncin... 86.540 00 Sec. Sav. Bk. & Tr.Co.. Toled 36.xi5 00
W.J.Hayes & 8ons, Cleve... 36,519 00 Union Sav. Bk. & Tr. CcCln.. 36,182 60
N. W. Harris & Co., Chicago. 86,478 80 Fuller. Parsons & Snyder,
36,1S1 00
Cleveland
Oenison. Prior* Co.. Cleve- „^ „„,
36,S37 60 Hayden, Miller & Co., Cleve. 80,010 00
land and Boston
p. 925, to
B.
ti.
Day &
R. L.
:
Co.,
.
„
.
1902 are as follows. The
in the Greater
chanee in the method of valuing property
Bonds Authorized.— The City Council on August 23 passed
ordinances providing for the following bonds
New York, embracing
Richmond and Queens.
«36 500
large increase
New York
County, Kings County,
'
$6,749,509,958
PeMonafproperVy.* 696,966,169
656,7_36.2^
Difference.
+$1.4&1.746.076
+140,229.930
»5.854,600,121 +$1,891,976,006
the assessed value of real estate for 1903 for
or deducted by the
each county and also the amount added
Board of Equalization. Owing to the higher basis of
State
$7,i46,476,127
Total
We give below
asseesment adopted in
New York
Couaty, Kings County,
been reduced in
the valuations for these counties have
theprocess of equalization instead of being increased, as in
former year?
Amount
Assessed
Amount
Assessed
adiled or
vaue of real
add'd or
value nj real
&c
estate, 1908.
deducted.
t
8h,3u6.832
Broome
Chautauqua..
CnemuDK
•••
Cheuaogo....
Clinton
Columbia
Cortlaud
Delaware....
Dutchess
39,168.759
m.^-^OfiiS
U.9ni,470
6.303,439
23.4^2,984
12,»n,977
13,237 .m87
4l,.t48.2S4
291.8H2.387
Brie
lii,4S8,3tl8
Kssez
Putnam
114,970,469
27 86 ,468
38.182.248
16.150,509
24.804,161
19.683, 110
8.288,487
Queens
123,78l,7ii3
Onondaga..
Oswego
721,807
-2,1.57,422
+5.183.4U8
+2,481,778
+4,404 91H
+1,987.282
+458,676
+1,952,140
+7,414,671
+67,301,456
+7H1,280
-»-l,569,H33
10,644.977
+2,774,596
13,023,731
-J-4,062,164
2ii,7M,933
Genesee
+2.in,9ln
12,110,175
Greene
+83.339
8,615,640
Hamilton....
—1,407,736
24,905,442
Herkimer ....
+401.(167
36 902,710
Jefferson
853,748.357 -39,205.876
Kings
H,27r,y64
+694.502
Lewis
+1,306,421
24,011.814
lilTingston
J,494,541
18.0-0,760
Madison
1*2,972,336 +10,701,042
Monroe
Montgomery 23,983,934 +4,699,806
+»,4ft5,685
25,686.068
Kassau
New York.... 3,730,884. 140 —171.331,056
+2,210,107
46,750.805
NlaBara
+3,385,577
55,129,484
Oneida
+
deducted.
Counties,
+5,897,839
+1.907,H56
+4,911,816
+2,072,766
Franklin
Fulton
.
estate. 1903.
1
+4
14,434,d.}»
Allegany
Ontario..
Orange
Orleans
OtSPgO
Rensselaer..
Richmond...
Rockland ...
St.Lawrence.
Saratoga
Schenectady.
Schoharie ...
Schuyler
.
Seneca
Steuben
Suffolk
Sullivan
Tioga
Tompkins.
Ulster
Warren
Washington.
Wayne
72,8-7,980
43.1v4,597
lrt,227,18l
!'6,503,012
23.999,662
+8.134.405
+1,550,912
+4,C4 ,804
+3. 403.937
+85.,7''6
—6,684.850
+6,455,4 4
—2.437,543
i
+99R,^XO
-87,401
+5.96H.177
26,622.7:^4
10.808,6,34
+5,458,706
h.247,236
13,971,2 3
+1,120,416
+1,68H,174
+2,005,«15
+8,116, 'OS
32.6H1.948
50.749,015
5,86H,226
12,416,149
15,«"0.592
26,362,959
8.444,186
17,359,781
s;2,7l6,58ri
Wesi Chester. 185,145,888
13,912,642
Wyoming....
9.805,918
Yates
Total
+2,fl49,'737
+3,683302
-l-9:)7.937
+^64,la9
+1,275,946
+1,417,198
+3,483,125
+299,964
+2,294,178
+5,238.711
-10,465.044
+2,061,721
+1.616,531
6,749,609,958
Rhode lilauA.— Extra Session Legi lature.—The State
Legislature convened on September 13 in extraordinary session to act on several amendments to the State Constitution
proposed by the Governor. The purposes of these amend
ments, as given in the Qovernoi's proclamation, were as follows
:
($12,000 street. $14,.^00 sewer and
$9 00 fire department). Denomination, tl.O"0, except one bond for
00 yearly 19i4 to 1917, inclusive, and $7.50i in 1918.
1500 Maturity. *7.
34 000 4i4S West Exchange Street Improvement bonds. Denomination. *1,0 '0.
1906, tS.OOo in 1906 and $8,000 In each of the years
Maturity $5,iiiio
19u7, 19ii8. I9i'9 and 1910.
^ „„„
000 4H% Collene Street bonds. Denomination, ll.OOO. Maturity, $1,000
20 '
yearly 1906 to 1909. inclusive.
4V« coupon debt-extension bonds
I
1902.
$5,297,763,882
1903.
w«ftiflRfatp
is
:
m
All the above issues are to be dated Sept. 1, 1904. Interest
semi-annually at the National Park Bank. New York City,
Alliance. Ohio.— Bond Offering.— Proposals will be rect-ived
until 12 M., October 3, by Chab. O, Silver, City Auditor, for
the foHowiijg bonds
:
$38 000 4» refundins bonds, maturing $18,000 in twelve years and $80,000 in
fourteen years. Ceriifled check for $l,00iJ required.
1,725 4% fewer bonds, maturing one bond of (676 yearly. Cneck for $c0D re375 4> sewer bonds, maturing one bond of $186 yea'ly.
372 i% sewer bonds, maturing one bond of $124 yearly.
<
(
Cbeck for $160
re-
quired.
Securities are ail dated Oct. 15, 1904. Certified checks to
be made payable to F. V. Cassady, City Treasurer. Amount
of eewer bonds may be reduced if any asseesments be paid in
cash prior to the sale
Anaheim School District, Los Angeles County, Cal.—
Boitd Sale,- Ou September 7 the $10,C0J 43^« coupon gold
school bonds described in V. 79, p. 747, were awarded to the
Adams-Phillips Co. of Los Angeles at 100 43 and interest.
Areola, A^SA.— Debenture Offering— Vro^poeala will be received until October 1 by Jas. J. Murison, Town SecretaryTreasurer, for $12,000 debentures, maturing part yearly for
twenty years.
ArToda (Colo.) School District.— Bonds Defeated.— This
a proposition to issue bonds
district on August 19 defeated
for a new school house.
Ashland, Ky.— Bond O^eringr.—Proposals will be received
until 7:30 p. m., Sept. 19, by R. C. Richardson, City Clerk,
for $30,000 6i street-improvement bonds. Date, Stpt. 1, 1904.
Interest semiannually at the Merchants' National Bank of
Ashland. Maturity, optional one-third Sept. 1, 19ii8. ote-third
certified check
Sept. 1, 1911, and one-third Sept. 1, 1914.
on a national bank for $500, payable to L. R. Putnam, City
Treasurer, required.
A
Asotin Conuty ( Wash.) School District.— Bond Sale.—Oa
September 6 $1,500 5% 1 20 year (optional) funding bonds of
this district were awarded to the State Board of Land Commissioners at par. Denomination, $500. Date, Sept. 6, 1904.
Interest, annual.
Baltimore, AA.— Bonds to be Issw^d.— According to local
1. The Constitdtional Iritiativk. which provides th»t 5,000 electpapers, this city will offer for sale some time after Dec. 1
ore may propos*' cpeclllc amendmente to ihe Sta'e Oonatltutlon.
2. Equal Soifeage, Tthich confere upon registry voters In cities the
1757,500 city stock as follows
right to Toti- lu the election of City Council.
$100,000 9}4% conduit loan of 1988.
loan."
$500,000 of the "$6,000,0
3. The Veto Powhk, which enables the Governor of the State to
60,000 3^% water loan of 194S.
107,500 3X% park loan of 1946.
:
I
check hasty and vicious legislation.
Both houses of the Legislature adjourned after a stormy
Eeasion without taking any action on the proposed amend-
ments.
Bond Calls and Redemptions.
Colorado.— PTarrant Call,—B.0Ji. Whitney Newton, State
Treasurer, calls for payment thirty days from the date of
notice (September 10) the following warrants
:
Revenue warrants of
Revenue warrants of
1903, Nos. 3888 to 4042. incla.'ive.
1904, Nos. 1377 to 1419, inclusive.
Capitol Building warrants, Nos. 3706 to 3797, Inclusive.
8an Puirioio tonntj, Ttxaa.— Bonds to be Redeemed.—
This county has m<ide arrangements to redeem $35,000 outstanding bonds. Of this amount $6,000 will be paid off by Ihs
sinking fund, $17,000 will be provided out of the permanenr
school lunds and |12, 000 by the sale of new bonds to J. F.
Green, as reported elsewhere.
Tennessee.— Bonds FwrcTiased.— The State Treasurer several weeks ago purchased out of the sinking fund |9,5C0
State bonds at 94 25.
Texas.— TVarrant Call.—The State Treasurer has called
for payment registered warrants on the general fund up to
and icclndinK Nu. 4263.
Bond Proposals and Negotiations thia
week have been as follows:
Abbotsford, Wis.— Bonda Not Sold.— AM
bids
received
September 12 for the $13,000 A% water works bonds described
in V. 79, p. 9'<J5, were rejected
AdHins (Jonnty, Ohio.— Bond Sale.- Oa Spptemb^r 5 the
118,500 4% fntidi'g bonds described in V, 79, p. 746. were
awarded to the Wilson Worthy Poor Fund for |18,903 91.
Akron, Ohio— i^otid G/ertT.g.— Proprsbls will be received
until 12 M. October 1, by W. A. Durai d, City Auditor, for
• 44,000 4>^« street-assesement bonds
DeEominatiun. $1,C00
Date, Sept. 1, 19('4. Interest semiannually at the Nationul
Park Bank, Ntw York City. Maturity, yearly on Septem-
I
Beemer, Neb.— Bonds Foted.—This place has voted
to
issue $6,0U0 6% water bonds.
BordentowD, N. 3.—Bond Offering,— As announced
last
week, this city is offering for sale on September 20 $60,000 A%
water bonds. These bonds were fully described on page
987 of last week's Chronicle, and the oflBcial notice of sale
will be found among the advertisements elsewhere in this
Address proposals to Wm. H. Torr, Clerk
Department.
Board of Water Commissioners.
Broxton, ^a.— Bonds Fofed.— This city on September 2, by
a vote ot 63 to
1,
authorized the issuance of $10,000
H cou-
pon school-building bonds. Denomination, $5(i0. Interest
annually at the Hanover National Bank, New York City, or
at the Bank of Broxton. Maturity, one bond yearly for
twenty years.
Brjant (S. Dak.) School District.- Bonds Voted-Bond
OtJertng.— This district on August 29, by a vote of 69 for to
none against, authorized the issuance of $4,000 5i coupon
school-building Donds. Proposals for these bonds will be
received until 7 P. M,, September 20, by O. Arnold, School
Date, Sep'. 1, 1904. Interest, semi-annual. MaturSeptember, 1924. Certified check for $500 required.
Bended debt (not including this issue), $5,000. Assessed val-
Clerk.
ity,
uation, $200,000.
Bocyras, Ohio.— Bond.s Authorized.- An ordinance has
passed the Council providing for the issuance of $15,000 firedepartment building bonds.
Buffalo, N. Y.—Bond Issue.— The issuance of $19,599 83 9%
bonds to meet expeLses of the Department of Public Works
bas been authorized. These bonds are to be taken at pfir by
the City Comptroller in trust for the Hertel Avenue Outlet
Sewer Sinking Fund. Securities are dated Sept. 1, 1904, and
mature in one year.
Bonds Authorized.— The ispuance
will
of $268,475 49 8i^« 5-year
t^nnds has been authorized "for the purpose of raising money
with which to pay for the purchase of unpaid tHXHs un-ie by
the city of Buffalo at the annual tBx sale of 1904." Bonda are
to be dated Oct. 1, 1904, and the inte-est will be payable semi
•
—
THE CHRONICLE.
1050
[Vol. Lxxix.
&
annnally at the rfflce of the City Comptroller or at the Gallatin National Bank of New York City.
Bonds Fropoted.— The Finance Committee of the Board of
Aldeimen haB decided to reccmmend tbeiefnance of |150,C0O
8>^« school bonpe btnde; alao $100,(00 314% bonds for the purpose of filling in and sewering the Clark and Skinner canal
property. Both iesnes are to be dated Oct, 1,1904. Interest
eeml-aDnually at the oflBce of the City Comptroller or at the
Gallatin National Bank, New York City. Ma niity, onetwentieth of each issue yearly en October 1 from 1905 to
Trust Co., Minneapolis, at par. Date of bondp, Aug. 10
Interest, April 1 and October 1 at the American Exchange National liank. New Yoik City. Botded debt, thia
issue; ilr^atlng debt, $8,000.
Aescesed valuation, $720,000.
Colnmbng, Olio— Defcription of Bonds.— The la.O.OOO 4s
conpon North Side market-house bends authorized by the
City Council on Argust 8 will be issued In dencminatlon of
$1,000, dated not later than Sept. 1, 1904.
Interest sf mi-annually on March 1 and Septf mber 1 at the agency of the city
of Colnmbus in New York City.
Maturity, Sept. 1, 1934,
1924, inclusive,
subject to call after Sept. 1, 1914.
Bonds Authorized. According to the Columbus "Ohio
State Journal," the City Council has passed ordinances providing for tbe issuance of the following bond? .^2,500 Bank
Street, $3,500 alUy, $10,000 Norwich Avenue, $3,000 Sixth
Street hnd $15,000 Town Street bonds.
Conneant, Ohio.— Bond O^Terinflr.— Proposals will be received until 12 M September 26, by J. L. Rlsley, City Auditor, for $2,750 5% Evergreen Street improvement bonds,
dated Sept. 1, 1904. Interest, semi-annual. Accrued interest to be paid by purchaser.
Certified check for 104 of th«
amount of bonds bid for, payable to the Treasurer of the city
of Conneaut, required.
Corning, N. \.—Boud O/fermgr.— Proposals will be received
until 3 p. M., September 29, by Frank D. Kingsbury, President Board of River Commissioners, Corning, for $15,000 4i
bonds. Denomination. $1,000. Date, July 1, 1904. Interest
semi-annually at the Knickerbocker Trust Co., New Yoik
City. Maturity, $5,000 July 1, 1939, and $10,000 July 1, 1940.
Certified check for 2}^% of bonds bid for required. Authority,
taldnell Connty, Tex.— Bonds Aiithorited.—The County
Court has authoriaed the Issuance ol $14,0l0 read and bridge
bonds.
CarrolItoD, Q a.— Description of BondH,—We are advised
that the |45,000 5% coupon water, sewer and electric-light
bonds voted at the election held Jane 4, 1904, will be iesued
In denomination of $1,000.
Interest, January acd July in
New York City or in CarroUton. Maturity, three bonds
every other year, beginning in 1919. Date of sale not yet
determined.
Central CoTington, Kj.—Bond Offering,— FTopoa&lB will
be received until Sept. 21 by Frank Staggenborg, Town
Clerk, No. 19 Howell Street, Central Covington, for about
11,281 46 Q% Sterret Ave. improvement and about $11,000
Madison Avenue improvement bonds.
Cbardon, Ohto.— i*ond 6'a/e.— On September 10 toe |15,rO0
5% Mam Strett improvement bonds described in V. 79, p. 798,
were awarded to Denieon, Prior
Co., Cleveland and Bos
ton, at 103*773 and interest. Following are the bide :
Denlson. Prior & Co., Cleve$16,29.S90
Dollar Savings Bank
H
&
1904.
—
;
,
Chapter 4!i6, Laws of 1892.
Dalhart (Tex.) Independent School District.— Bond*
Begrisfered.— Tbe State Comptroller on September 8 regisK
W. J. Hayes ASonu. Cleve... 16.; 81 Oo 8. A. Kean. ChlcaKO
tered an iseue of $3,000
5-20-year (optional) school-house
SeaioDROOd A Mayer. Clnoln. 15.350 26
Charlotte Conn ty, Ja.— Bonds Authorized.— The Board of bonds dated August 8, 1904.
Dallas, Texas.- Beacrfpfion of TTc r ran f«.—The $125,000
Supervisors hss authorized the Issuance of not exceeding
f% registered park and fair-ground warrants recently award115,000 road bonds.
Chicago, (lli.)« Lincoln FsLik.—Bond Offering.— Pio-possilB ed to the Gastcn National Bank of Dallas were purchased ly
will be received until 2 p. m., Sept. 19, by the Commissioners that institution at par. Denomination, $1,000. Date, when
of Lincoln Park, William W. Tracy, President, for $1,OCO,000 issued. Interest annually in August. Maturity, four years,
sul ject to call at any time.
Denomination, $1,010.
Date, July 1, 1903.
4% park bonds.
Dalton, Mass.— lioan Arranged.— We are informed that
Interest semi-annually at the First National Bank of Chicago. Maturity, July 1, 1923. Bonds are to be delivered as arrangements have been made with one of the local banks
for a loan on a demand note of $7,300 recently suthorized
follows: |1 00,000 immediately; $100,000 on or before May
land and Boston
$15,666 00
A. KleyDolte&Co..Cincln.., 15,6i OOO
Hayden.Mtller A Co.. Cleve. 15.47? BO
|
1
I
Firgt Nat. Bank. Cbardon
Well, Roth A Co..«;incin
8. BtIkkb* Co., ClnolD....
15,217
15.2C0
36,176
15,016
00
00
00
00
H
I
1,
on or before Aug. 1, 1905; |20O,0rO on or before Dec. 1, 1905; $100,000 on or before Aug. 1, 1906, and
|300,OjO on or before Jan. 1, 1907. Certified cbeok on a Chi
cago bank for 125,000, payable to the Commiesioners of Lincoln Park, required. Accrued interest to be paid by pur1905; 1100,000
chaser.
Ctaiilicothe (Ohio) School District.— iStds.—FoUowirg are
the bids received August 30 tor the $17,000 4^* coupon
funding bonds awarded, as stated two weeks ago, to the
Ross County National Bank of Chillicothe
Rosi Co. Nat Bk..ChilIicothe.$17,606 50 A. Kleybolte & Co., Clncin... 117,272 00
:
I
Central Nfct Bk.,Chlllicotbe. 17,47000
First Nat. Bank, Chillicothe. 17,38* 20
Denlson, PnorA Co., Cleveland and Boston
17.865 50
Seasongood A Mayer. Cincln.
Liamprecdi Bros A Co. .Cleve.
Union Sav. Bk. ATr.Co..Cin.
R. Kleybolte A Co.. Clncin...
8ec Sav. B'k A Tr.Co.,Toledo
17.348 50
17,847 50
Hayden. Miller A
I
I
|
I
n.-v^fOl
17.314 50
17.276 00
I
I
Prov. 8av. B'k
P. S.
W. J
Co.. Cleve. :7.2f890
Co.. Cln. 17.2e3 80
A Tr.
Bnggs A Co.. Clnoln
17.26000
Hayes * Sons. Cleve... 17.S:900
W. R.Tortd A
Co.. Cincinnati. 17.2&6 00
Parsons
Cleveland
Fuller.
A
Snyder,
17.255 00
Well. Roth A Co.. Cincinnati, 17.197 00
New 1st Nat. B'k. ColnmbuB. 17.175 00
Cincinnaii, Ohio.— Bonds 4u</ior»«ed.— The City Council
on August 8 authorized tbe issuance of $80,000 4% street end
highway-condemnation bonds. Denomination, $500. Date,
Sept. 1, 1904. Interest semi-annually at the American Exchange National Bank, New York City. Maturity, Sept. 1,
1934.
Bonds Proposed.— A resolution was recently introduced in
the City Council providing for the iesuance of $155,000 40year school building bonds at not exceeding 4% interest.
Bond Sale.-The Sinking Fund Trustees have arranged to
purchase at par the following bords :
tZOO.OOO i% 20year coupon street- re-snrfaclDB bonds, dated Aug.
26,000 i% conpon park bonds, dated Sept. 1. 1904.
1,
1904,
Denominitl n, $^00. Interest (emi-annually at the AmerExchange National Bank, New York City.
Bonds Authorized, An ordinance passed the City Council
on August 15 providing for the issuance of |36,000 4% street
and highway-improvfment bonds. Denomination, $500. Date,
Sept. 1, 1904. Interest semi-annually at the American Exchange National Bank, New York City. Maturity, Sept. 1,
ican
—
1924.
Clark County, ln6.— Bonds R( fused.— E. M.Campbell &
Co. of Indianapolis have refused an issue of $48,000 Charlestown Township free-gravel-road bonds awarded to them last
June. Mr. W. H. H. Miller of Indianapolis, attorney for the
Indianapolis firm, claims the issue invalid for the reason that
the notice of election did not have the signatures of the
County Commissioners, as required, being signed only by the
County Auditor. The bonds are in denomination of |600 and
mature $1,200 each
tix months.
Interest, 4^K,
Cleveland Heights, Ohio.— Bond Sale — On September 6
$6,750 5? road-lmprov«meLt bonds were awarded to Seasongood & Mayer, Cincinnati, at 103 62 and interest. Denomination, $600 except one bond for $250. Interest, April 1 and
October 1 at the Fairmount Savings Bank Co., (-leveland.
Maturity, $500 yearly on October 1 from 1905 to 1914, inclusive, except in the years 1907, 1910 and 1918, when $1,0C0 will
mature and in 1914, when $750 becomes due.
Clcqnet, Mian.— Bond «aie.— On September 8 $50,000 6X
gold water-plant bonds were awarded to the Minnesota Loan
for bridge purposes.
Darke Connty (P. 0. Greenville), Ohio— Bond Offering,—
Proposals will be received until 12 ii., September 29, by E,
Culbertson, County Auditor, for the following bonds
:
$76,(00 B% road bocds. maturing $16,000 yearly on Sept. 20 from 1906 to 1909,
inclusive.
2B,O0O 5* ditch bonds,
and $8,600 Sept.
maturing |8,000 Sept. 29,1905; $8,600 Sept.
2i^,
29. 19C8,
1907.
Denomination, $500. Date, Sept. 29, 1904. Interest, semiannual. Accrued interest to be paid by purchaser. Certified
check for $1,000 on a bank in Darke County, payable to the
County Commissioners (or else cash to that amount), required.
Dajton, Ohio— Bonds Authorized.— On Aug. 8 the City
Council passed an ordinance providing for the issuance of
$3,800 6* Kiefer Street extension bonds. Denomination,
Date, Oct. 1, 1904. Inter$1,000, except one bond for $800.
est, semiannual.
Maturity, $1,C00 in three, in four acd in
five years and $800 in six years alter date.
Bonds Authcrtzed,— On August 22 tbe City Council passed
ordinances providing for the issuance of the following bonds:
$20,000 4% storm-water-sewer bonds, dated Nov. 1. 1904.
Maturity. $6.00o
yearly on Nov. 1 from 1909 to 1912.
10.000 i% levee-improvcmcnt l^onda, dated Oct. 1, 1904. Maturity. $9,000 Oct.
1. 1909. and $l,00u yearly thereafter.
Denomination,
Deadnood
Interest, semi-annual.
$1,000.
(S. Dak.) School District.— iVo Action
on Bond
Issue.— We are informed that the School Board has taken no
action in the matter of ienuing the $85,000 high-school-buJlding bonds referred to in the Chronicle July 16.
Defiance, Ohio.— Bonds Authorized. The City Council has
authorized the issuance of $1,500 6^ Francis Street improvement bonds. Denomination, $250. Date, July 1, 1904. Interest annually at the oflBce of the City Treasurer. Maturity,
$760 in one and also in two years.
Delphos, Ohio.— Bond Sa/e.— Seasongood & Mayer, Cincinnati, were the highest bidders on September 7 for $21,000
5^ sanltary-sewer bonds. The bids were as follows :
Reasoneood A Mayer. Clnolc (22.606 00 Sec.SBv.Bk.ATr.Co.,Toledo.|22.200 00
Weil, Roth A Co., Cincinnati. 2a,C85 50 P. S. Brigcs A Co.. Cincln.... 22,180 00
K Kleybolte ACo.. Cincln... 22,487 60 Prov Sav. B k A Tr. Co.. Cln. 82.07' 00
—
I
|
1
W.R.Todd A Oo..Clnr jnatl..
Lamprecht Bros. ACo.. Clev.
22,475 00
22.208 50
I
.
f arson. Leach A Co..Chlc»«o. 82.0.T2 ro
Nat. Bank ot Delphos
22,006 00
Denomination, $1,000. Date, Sept. 1, 1904
Interest semiannually in De'phcs. Maturity, $l,0GOeach six months from
Sept.
1.
1911, to Sept. 1, 1921, inclusive.
Ueshler, Ohio.— Bond O/fering.— Proposals will be received
until 12 M, Sept. 26, by J. M. Cain, Village Clerk, for $3,000
Q% coupon sewer bonds. Denomination, |l,CO0. Date, Sept.
Interest, January and July,
1,1904.
Maturity, $1,000 on
March 1 of the years 1906, 1907 and 1908. Certified check
for $100, payable to the Village Treasurer, required. Bonded
debt at present, $1,000. Assessed valuation, $188,000.
Dover (P. 0. Canal Dover), Ohio.— Bond Sate.— This city
recently sold to Bates & Hance of New Philadelphia an issue
of $6,825 5i bonds for $6,046 10.
Darand, Mich Bond Sale.— On Sept. 12 the three issues of
6^ bonds, aggregating $15,856 60, described in V. 79, p. 926,
were awarded to W. J. Hayes & Sons, Cleveland, for $1,292
premium. Bids were also received from Hayden, Miller &
j
I
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—
:
Sept.
'
THE CHRONICLE.
17, 1904.]
Albert Kleybolte & Ca., Cincinaati; the
and McProvident Savings Bank & Trust Co., Cincinnati,
Donald, McCoy & Co., Chicago.
,
,«
„^„^
„, ^ , * ^r„ ]0.-Bond
EigtSt. Louis (IlDUnion School District No.
Proposals will b9 received nntll 8 p. m., Octohor 3,
Offering.—
for $125,000
by rj?R9ade?, Secretary B^ard of Eiacitloa,
Date,
5i 20-year school-building bonds. Denomination, $500.
Oct 3. 1904. Interest semi- annually in East St. Louis.
Eoloe Hex ) ladependent School District.— Bowds Registered.-lu issue of $3,000 5% 5-20 year (optional) schoolhouse bonds was registered by the State Comptroller on
1904.
Sept. 10. Securities are dated July 15,
Essex County (P.O. Newark). N. J.~Bids.— Following
are the bids received September 7 for the $500,000 ii gold
court-house bonds and the $207,000 i% gold hospital bonds
awarded, as stated last week, to Brown Bros. «& Co. of New
York City
New York.l06"73
Brown Bros. & Co New York. .107 562 O'Connor & Kahler, New Tork..l05'437
561 N. W. Harris & Co..
Kountze Bros.. New York
}^/
105"8B
Loulg H. Roberts
B. D. Shepard i Co.. N. Y. ......107-193
(for courtFaraon. Leach &Co.. New York. 106 665 T. W. Stephens & Co.
106-54
house)
B. M. Grant & Co.. New ?^rk...l06 5l
106 3<7
H. L. Crawlcrd & Co.. N. Y
Fergus Falls (Minn.) School District.— Bond SaZe— On
September 7 the |45,000 i% 20-year bonds described in V. 79,
Harris
Co., Chicago, at
p. 926, were awarded to N. W.
lOO'lsb and interest. Following are the bids:
N W Harris & Co., Chicago. .$45,056 25 V. M. Stoddard & Co., Mlnn..t48,789 50
i4,665 00
b'. Kieybolte i Co., Clncin.
Franklin County (Wasli.) School Districts Nos. 16 and
21.— Bond Sale.— The County Treasurer on August 15
awarded $600 6% bonds of School District No. 16 and $800 5!l
bonds of School District No. 21 to the State of Washington at
par. Denomination, |300. Date, Aug. 15, 1904. Interest,
annual. Maturity, Aug. 15, 1914, subject to call after Aug.
Co., Cleveland;
.
&
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.
.
I
15, 1909.
1051
1600 6% bonds of Idaho County School District No. 27. maturing July 1, 1914,
optional afrer S years.
OsS bonds of Nei Perce County School District No. 52, maturing July 1,
1914, Optional after 6 yeirs.
700 5% bond' of Boise County School District No. S'^, maturiuK July 1, 1909,
optional after 4 years.
1,200 5% bouasof Canyon County School District No. 35, maturing July 1,
1914, optioral after 10 years.
8,200 5% bonds of Cassle County School DistrlcttNo. 16, maturing Aug. 17, 1910.
optional after 3 years.
1,200
All the above issues are dated July 1, 1904, with the exception of the one last mentioned, wnich bearsdate Aug. 17. 1904.
Illon, N. Y.— Bonds Fo^ed.— The proposition to issue $25,000 electric-light bonds carried at the election held Sept. 13.
ianesville, Wis.— Bond Saie. — On September 1 this city
sold to local parties an issue of $19,000 A% Court Street bridge
bonds. D^nomlnition, $500. Date, Sept, 1, 1904. Interest
semi-annually on March 1 and September 1. Maturity. $1,000
yearly on March 1.
Joplin, Mo. Bond O^eringr.— Proposals will be received
until 3 p. M., October 1, by Charles W. Bartlett, City Treasurer, for $30,000 5% 5-20-year (optional) electric-light improvement bonds. Interest, semi-annual. Certified check
for $600 required.
Knox County, Ind.— Bond S^aZe.- This county on September 14 awarded to J. F. Wild & Co. of Indianapolis $14,208 6<«
ditch bonds for $14,213. Denomination, $473 60. Date, Sept. 1,
Interest, semi-annual. Maturity, six bonds each year
1904.
—
for five years.
Lackawanna Connty, J* a,— Temporary Loan.— The county
has negotiated a temporary loan of $45,000 as follows
$22,500 for two months at 6% Interest with the Merchants' & Mechanics' Bank
:
of Scranton.
22,600 for
two months at 6% interest with the First National Bank of Carbon-
dale.
Loan was made to meet current expenses in anticipation of
the collection of 1904 taxes.
La Crosse, Wis. —Bonds to be Issued.— An ordinance is before
the City Council providing for the issuance of $20,000 highschool bonds. These bonds, we are informed, are to be dated
D-c. 1, 1904, and will probably be sold the latter part of
Fremont, Ohio.— Bowi« Refused.— The Fremont Savings
Co., the successful bidders on August 16 for the $55,842 60 i}4% West State Street paving and the $5,144 80 i}4% November.
West State Street sewer bonds, have declined to take the
Latonia, Texas. Bonds Defeated,—ThiB city on August
same upon advice of their attorneys. Squire, Sanders & 16, by a vote of 34 for to 48 against, defeated a proposition
Dempsey, of Cleveland. It is claimed that the ordinanoes to issue $10,000 school bonds.
authorizing the issues were not properly drawn.
Leflure Connty, Miss.- Bond* Authorized. The Board of
Front Boyal, Va.— BoTid Safe.—The $15,000 i)4t coupon Supervisors on September 6 passed an ordinance providing
electric-light bonds described in V. 79, p. 799, have been sold for the issuance of $76,000 court-house bonds.
to a party in Winchester, Va.
Lewlston, Idaho.— Bonds Not Sold.— No sale has yet been
Folton (111.) School District— Bond Sale.—This district made of the $60,000 5% 10-80-year (optional) refunding bonds
has sold at par $1,500 4^ school-house repair bonds. Securi- offered but not sold last January.
ties are part of an issue of $3,000, of which $1,500 will be disBond Sale.— It is stated that the $60,000
Lexington, N.
posed of to home people when the funds are needed. De- 6;^ 40 year street, water and electric light bonds offered but
nomination, 1500. Dite, Sept, 1, 1904. Interest annually on not sold on August 1 have been placed at par with the SouthJuly 1. Maturity on July 1 of the years 1906. 1907 and 1908. ern Loan & Trust Co. of Greensboro. See V. 78, p. 3465, for
Gadsden, Ala.— Bond C^ertwgr.— Proposals will be received description of bonds.
until 13 M Sept. 80, by C. D. Clarke, City Clerk, for $25,000
Lisbon, Ohlo.-BondSTaie.— On September 1 the $6,400 b%
5% 80-year city-hall bonds. Denomination, $1,000. Interest, North Market Street assessment and the $3,800 5$ North
semi-annual.
Street improvement bonds described in V. 79, p. 760 and 694,
Geneva, Ala.— Bond Offering,— W, R, Chapman is special were awarded to the People's Savings & Loan Association
attorney for the city to sell an issue of $22,000 5% water bonds. Co. of Lisbon for $6,535 and $2,324. Following are the bids:
Tbeee bonds are in denomination of $500. Date, Oct, 1, 1903.
$6 4n0 Bds.
t2,S00 Bds.
$a.32* 00
$6,536 to
Interest, January and July.
Maturity, Oct. 1, 1933.
People's Savings 4 Loan Ass'n Co. (for all or anj)
For all, $8,939 25
Albert Kieybolte & Co., Cincinnati
Gloucester (N. J.) School District.— Temporary L,oan.— Ross W. Firestone, Lisbon
2.810 25
6,48100
For all. $8,790 OO
The Board of Education has decided to borrow $2,000 for cur- Hayden, Miller & Co., Cleveland
rent expenses in anticipation of the collection of taxes.
As part of the assessments have been^paid, the full amount
Grund Kapids, MIeh.— Bonds Defeated.-The election Sept. of bonds offered will not be issued.
6 resvlted in the defeat of the proposition to issue $200,000 i%
Lorain, Ohio.— Bonds Authorized.— The City Council on
high-school bonds by a vote of 996 for to 8,158 against.
August 16 passed ordinances providing for the issuance of
Greenwood, Miss.— Bond Sale.— It is stated that the $123,- $4,000 i}4i coupon water bonds, dated Sept. 1, 1904. Matur000 6< eewer, water and light bonds offered but not sold on ity, Sept. 1, 1917. Denomination, $1,000. Interest semiAugust 3 were awarded to the Delta Bank of Greenwood on annually at the Chase National Bank, New York City.
September 7 for $124,352 90. See V. 79, p. 170, for descripLos Angeles, Cal.— iVo Action on Proposed Bond Issue.
tion of bonds.
We are informed that the City Council has taken no action as
Gre«rs, S.
Bonds Authorized.— PropoBSLls will be asked yet on the request of the library trustees to issue bonds for a
for shortly for an issue of $10,000 20 year coupon school new building.
See V. 79, p, 521.
bonds. The town has no debt at present.
Los Nletos y alley Union Utgh School District, Los Anflurrison Township School District, Hamilton Connty, geles County, Cal.—Bond* De/'eated.- This district on AugOhio.— Bo7(d Sale.— On September 10 $8U0 6j 3 O-year (serial) ust 15 defeated a proposition to issue $20,000 bonds. The
bonis were awarded to Albert Kieybolte & Co., Cincinnati, vote was 245 for to 133 against— a two-thirds vote being
for 1825 and Interest. Securities are dated Oct. 1, 1904.
necespary to authorize.
Haskins, Ohio.— Bond OJ^eringf— Proposals will be reLuniita Connty (P. 0. Louisa), Ta.—Bond OJfennflr.— Proceived until 12 M., October 3, by L. A, Challen, Corporation posals will be received until 12 m., October 12, by the Board
Clerk, for $3,000 5% registered street-improvement bonds. of Supervisors, W. T. Meade, Chairman, for $14,000 6%
Denomination, $800. Dite, Oct. 1, 1904. Interest, March coupon bonds. Denomination, $100. Interest, annually on
and September in Hashins. Maturity, one bond each six January 1. Maturity, $500 yearly on January 1 from 1906 to
months from March 1, 1906, to Sept. 1, 1909, inclusive. Cash 1983, inclusive, all unpaid bonds being subject to call after
Bank
—
C—
,
—
'
'
"
—
—
—
C—
or certified check for $300 required.
Henry County (P. 0. Napoleon), Ohio.-Bcndfl iVof SoM.
—No sale was made September 10 of the $4,000 i^i coupon
Jan.
1,
1925.
Lucas Connty (P. 0. Toledo), Ohio.— Bond Sale.— On September 8 the $6,000 5% gravel-road bonds described in V. 79,
WRehlDgton Townehlp road bonds described in V. 79, p. 749. p. 750, were awarded to the Merchants' National Bank of
Hondo (Texas) School District.— Bonds Bfflrisfered.— The Toledo at 105'025 and interest. Following are the bids
State Comptroller on September 3 registered $>j,000 5 40-year Merchants' Nat. Bk.. Toledo.. $6,301 60 A. Kieybolte A Co.. Clnola....$6.28B0O
Security Trust Co.. Toledo. ... 6.849 40 Hayden, Miller & Co.. Cleve... 6,177 00
(optional) school house bonds, dated Aug, 1, 1904.
6.060 00
SeasouKooa *M»Ter, Cln
e.2»3 60 Toledo !^v, B'k * Tr. Co
llopland Union School District, Mendocino County, Cal. Lamprecht Hros. & Co., Cleve. 6,243 00
—Bvnd Sate.— An Issue of $5,000 53^5^ 1-10-year (seriHl) bonds
Bands are dated Sept. 12, 1904.
of this district has been awarded to Frank M. Borris at
Bond U^ertnflf.— Proposals will be received until 10 a, m.,
102*50.
Denomination, $500. Date, July 19, 1904. Interest, October 6, by David T. Davies Jr., County Auditor, for $75,annual.
000 4%i bridge-improvement bonds. Dr-nominatlons. $500
U^ho.— School Bond Purchaaeg.— The State Board of Land and $750. Interest semi-annually at the oflSoe of the County
Commlisioners on Aug. 16 purchased at par the following Treasurer, Maturity, $3,750 yearly. Certified check for
bonds
$1,000 on a Toledo bank or cash to that amount required with
1,2C0 BJ bonds of F-emont County School District No, II, maturlnK July 1
bids.
Purohaaer to pay accrued interest.
l»l*. optional ttJtcr 6 years.
l.OOO M bonds of KremohtCDiinty School DUtrlot
Ljons, Ohio.-Bond« Voted.— An election was held in this
No. 88, maturing July 1,
optional after years.
place September 10 to vote on the question of issuing $5,080
onn
i.^iKi t-'"'*'
Bj bonds of Kremont County School Dlitrlct No. 89, maturing July 1,
1U14, optional after 5 years.
6% street- macadamizing bonds. The proposition carried.
:
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THE CHRONICLE.
1052
W
\s.- Bond Sale.— On September 9 the $80,000
Madlgon,
i% fire-dt-pjtrtiuent md'I the $25,000 i% echool-buildiug 20-year
bonds deHcribf-rt in V. 79, p. 988, were awarded to N. W.
Harrla
C >.. Cbicago, at 102*81. Following are the hidfl
t66.M6 RO Trowbrld({e*N'lTorCo..Chl.'|55,96176
N. W. Harris St Co.,Chlo
W.J. liitven « Sons. Clere... &tt.61i0 UU UAnlBOu. I'rior ft Co., Cleve8rt,443 75
65.1)00 00
Kamon. Limoh A ':o.. Chlo..
lana and lloston
Mason. Luwis & Co.. Chicago, Sd.480 00 Snitsonuood * Maver, Clnoln. rj6,M27 75
&
New York
&
Co., Cine n.
.
.
.
SO.SUO 26
56,6«6 0('
ChaH. H. CofBn.ChlcaBO
lloyal Trust Co. Cfor»25.000). 8B,15uOO
And blank bonds.
8. A. KortD of Chicago bid on bonds dated Aug. 1, 1904,
and as the secnrities offered are dated Ojt. 1, 1904, the bid
r^jecter).
JMamuroneck, Westchester Coantr. N.
— Propot-als
Y.— Bond
Offering.
received until 8 r m September 21, by
Chae. W. Bnckter, Village Clerk, for 150,000 sewer bonris at
not exceeding A% interest. Denomination, |1,000. Date,
Nov. 1, 1904. Interest, semi-annual. Maturity, |2,000 yearly
on November 1 from 1809 to 1933, inclusive. Certified check,
payable in New York City, for 10^ of the par value of the
bonds required.
Mariuti, Ya.— Bond Sale,—The Mayor has awarded to the
Marion National Bink, at par, an issue of $9,000 5% 10-20-year
(optional) bridge bonds, dated July 27, 19J4. Denomination,
$500. Interest, semi-annual.
Moond City (Kan.) School District.— Bonds Voted.— Thin
district on Aug. 26 voted to issue $10,000 bonds. These bonds,
we are advisea, will not be offned until next spring.
Moont Morris (Town), N. Y.— Bo>id Q^eringr —Proposals
will be received until 2 p. m., September 27, by John F. Donovan, Town Supervisor (P. O. Mount Morris), for $7,000 4^^
bridge bonds, Danomination, $1,000. Date, Oct. 15, 1904.
Interest annually on February 1 at the National Park Bank,
New York City. Maturity, $1 GOO yearly on February 1 from
1906 to 1912, inclusive. Certified check for $50 required.
will be
.
Monnt Yernon,
Y.—Bond
Offering.—The
issaes of
New York
:
Purvote
AmowU
Inl'il IlaU. AfaluriJy.
Water fund, Queen*
Watur fniid. BrookiTn
Wutor main faod. Krooklyn
8
8
1»68
1»68
8
iw.'.s
Addltlunal water fiiud
Construction or bridge over (iowanns Canal
100 000
8
3
lu.os
1963
Atlantic Avunue impnivemeot
iCxoenae of Couitnission of KoKlneer to
8
ItOO.uOOM
73,000 00
1W63
50,000 Oft
B
1968
1063
Wt'6
l.OOOOO
26.00000
25.000 00
1,000 00
lu.OOOOO
Improvement
parks, parkways, etc.. Br0"x
8
Impt. parkr, parkways, etc Manhattan and Ulch. 3
Eipen«e of Coiuni'n or EMtimalc and Appor'm't.. 3
Public baths. Bronx
8
liiiprovvment parks, Borouiib KIcbmond
8
Openiri; ana extending. Ac. Bedford Ave., Brook 8
Brldi;e over Harlem ttiver, Int to Willis Ave
8
,
Brlo»feovertr<ickB N.
3d Ave
V.C*
U.
Itli.,
f'^^.OOOOO
'/0".00ooo
ezsmloe
watersupplj
163 St.
lfl.'<:j
1953
1958
1W58
1963
1.'
95 70
lO.OUOOO
e7,»27 Ot
and
Bridue over K. Chester Bay In Pelham Bay Park
Bridue approacbex and over Port Morris Branch
N. V C. * II. R KK
Brldure over KlUKhluK Creek bet.Newiown 4 Flush
Fire department fund. Kiteu and buildings
UamaKe Commli-8l>n awards, chanxe of Krade...
Impt. toilet tacllltieN. C, Pk., rebuilding Bank
Rock BrldKe
CoDstructl' n and eqalpment Boro. BIdK Rich'd.
MapH and plans x!d. 3d and 1th wards, Queens
Construction and <!qupt. Court House. Bronx.
Maps and plats 2d, 3d, 4tb and 5tb wards, Kicb'd.
1953
1953
8
3
20,00000
60.000 00
3
8
1953
l,O?500
ivh'i
3
1953
1953
25.0<>000
76.000 00
8
3
8
3
3
3
0,60000
8
1953
19S3
1953
1958
1953
1953
Acqulrine lands In connection with depresalnK
tracks Spnyten I). 4 Port Morris RR
3
Repuvlng with asphalt SHthSt
3
195S
1953
Asseasment bonds, street improvement
Nov. 1, '04 66'<,O000O
,
.
Armory fund
3 After
2.600 00
60,00000
U5,000 00
10.00000
10,OC0OO
50,000 00
1,02500
6.000
Total
<
ll.'81.»78 80
•
Outside of the regular bonds taken by the Sinking Fund. »»,000.000 "general fund bonds" were turned over to the fund. Tnis mokes the second Issue
(or $4,000,000) of these bonds this year under the Special Act of the Legislature for the purpose of relensintf the surplus revenuesot the Sinking Fund and
allowing the money to be applied to the redaction of taxes. The plan was ex.
piamed In tbeCHBONiCLE March 14, 19U3. We do not include these bonds in
our monthly totals.
•
In addition to the above bonds, the following " revenue
Common bonds"
N.
Council will receive bids until 8 p. M., Oct. 4, 1904, for $15,000 4:% highway-improvement bonds. Securities are in denomination of $1,000, dated Oct. 1, 1904. Interest semi-annually at the office of the City Treasurer. Maturity, |5,000
yearly on October 1 from 1953 to 1955, inclusive.
certified
check for $1,0G0, payable to the City of Mount Vernon, must
Bond hsuea.— The following
City.
City were taken by the fciLktng
fund SM investments during the month of August
*
was
lxux.
[Vol.
corporate stock of
:
.
U. KloybolLo
:
(temporary securities) were issued
:
Int.Ratt,
.Amount.
2
Revenue bonds— Special
Revenue bonds 19"4
Revenue b.nds 1904
Revenue bonds 1904
JltXI.SOC 00
8.676.000 00
3,0O0.cOjOo
lOO.OOO 00
2><
8
$11,775.600 00
Total
—
Niagara Falls, N. Y.— Bonds Defeated. The election
A
September 8 resulted in the defeat of the proposition to issue
$784,000 bonds to construct a new system of water worhs
accompany proposals.
and to acquire the plant of the private company. The vote
Proposals will be received at the same time and place for is said to have been 118 in favor of and 909 against the issue.
Northome, ItoBca Coanty, Minn.— Bond t/^ering.— Pro$30,000 4% sewerage-loan bonds. Securities are in denomposals will be received until 9pm., Sept. 20, by the Village
ination of $1,000, dated Oct. 1, 1904. Interest semi annualfy Council, C. W. Speelman, President, for $6,000 ?>% 20-year
Denomination, to suit
at the office of the City Treasurer. Maturity, Oct. 1, 1930. water-works-improvement bonds.
A certified check for $1,000, payable to the City of Mount purchaser. Interest, annual. Certified check for 2% reVernon, must accompany proposals.
aty
A.
W.
Reynolds
quired,
is
Clerk.
The
among
H
Sheire
is
Village Recorder.
Loan
has negotiated a loan of $5,000 at 3*90$ interest.
offldal notice of these bond offerings teill be found
the advertisements elsewhere in this Department
Mnskogee, Ind. Ter. Bond Offering.— 'Pio^oa«,\a will be
received until 7 p. M October 3, by the City Recorder, for
$100,000 water and sewer bonds at 4% per cent, 4% per cent
or 5 per cent interest. Denomination, $1,0(0. Date, Nov. 1.
1904. Interest, semi-annually at any bank in Muskogee or at
such bank, banking-house or trust comnany as may be desig
nated by the purchaser. Maturity, Njv. 1, 1«24. Accrued
interest to be paid by purchaser. Certified check for $5,000,
payable to the Mayor of the City of Mnekogee, required.
Each proposal must state that the bidder has investigated fae
validity of the bonds and that he is satisfied as to their
,
legality.
Neradd, Mo. Bond O^erinflf.— Proposals will be received
until October 4 by S. L. Higgins, City Clerk, for $90,000 4%
coupon water-works bonds. Authority, Section 5,856 Revised
Statutes of 1899. Denomination, $1,000. Interest semi-annually at the National Bank of Commerce, St. Louis.
Maturity, 20 years, subject to call after 5 years. Bonded
debt, including this issue, will be $114,000. Assessed valuation
11,800,000.
The present water-works plant is owned by a
private company whose franchise, we are informed, will ex
pire in August, 1905.
New Castle, Neb.— Bond Offering.— \), A. W. Perkins, Village Clerk, is cffering at private sale an issue of $6,500
10-20- year (optional) coupon water-works bonds,
Denomination, $1,C00. except one t)ond for $500. Date, Jan. 1, 1905.
Interest annually at the office of the Village Treasurer.
Bonded debt, this issue.
H
New Boihelle, N. Y.— Bond 0/ierinfli.— Proposals will be
received until 8 p. m., September 27, by Charles Kammermeyer, City Clerk, for $30,000 4% registered local-highwayDenomination, $1,000. Date, Oct. 1,
1904.
Maturity, $3,000 yearly on May 1 from 1907 to 1921,
inclusive. Interest semi-annually at office of City Treasurer.
Certified check on a national bank of New York City or a
national bank or trust company in New Roohelle for $2,000,
payable to the Treasurer of the city of New Rochelle, required. Purchasers must pay accrued interest. Bidders
must use printed form of proposals furnished by the City
improvement bonds.
Clerk.
I7i« offldal notice
Geo.
North Smlthlleld, B. l.-Tiviprrrary Loan.— This town
—
Co., Cincionati, who offered $16,245 for the bonds,
are reported locally as follows :
R. Kleybolte
4 Co.,
Clnoln. .$16,845 00
.
W.
I
the advertisements elsewhere in this
Department.
R.
The
Todd 4 Co.. Clncln.. ..
bids
116.977 50
16.965 76
HeasoDgood 4 Mayer, oiccln. 1A.151 26 Cincinnati Trust Co
Prov. Sav. B'k 4 Tr. Co., Cln 16,131 00 Sec Sav Bk.4 Tr.Co..ToTedo. 16,800 00
... 1h,1'96 00
First Nat. Bank. Norwood .. 15,888 00
8. Kuhn & Sons, Cincin.
Union Sav. B'k 4 Tr. Co Cln. 16,062 60 Atlas NaU Bank, Clncmnatl.. 16,826 00
Well, Both 4 Co.. Cincinnati 15,990 00
I
|
,
I
|
Oberilu, Otoiw.- 'nd»,— Following are the bids received
Angust 81 for the |9.(iG0 5^ East College Street improvement
and the $l7,000 6^ Cedar Avenue improvement bonds awarded, as stated two weeks ago, to Denison, Prior & Co. of
Cleveland and Boston
117,000
10.000
/Mite.
W. R Todd &
$17,667
17,566
17,661
17,578
17,610
0820
Co.. Cincinnati.
Union Savings Bank A Trust
S.
litxu.
$9,836
9.38S
9,325
4 Co.,
Cleveland and Boston.
W. J. Ha-es 4 Sons, Cleveland
Well, Roth 4 Co., Cincinnati
Denison. Prior
8,'*70
Co., Cincinnati
A. Kean. Chicago
•
$86.860
'
(Town), N. X.—Bond Offering.— Vtopoea^a
will be received until 2 P. M., Oct. 1, by John M. Fell, Town
Supervisor, P. O. Ojidenebnrg, for $20,000 4% coupon townDenomiiation, $600. Date, Sept. 1, 1904.
nall- repair bonds.
Interest, semi-annually at the National Bank of Ogdensburg.
Maturity, $1,000 yearly on March 1 from 1905 to 1924, incluBocded debt at present, $22,000. Assessed valuation
sive.
OBwegaichie
1903, $5,092,505.
Alamogordo), N. Mex.— Bond Sate.—
Otero Coouty (P.
On September
$7,000 6% 16 3u-year (optional) currentexpense bonds described in V. 79, p. 695, were awarded to
Jnmes Q. Cahill of St. Louis at 106. Following are the bids:
$7,176 00
$7,350 00 8. A. Kean. Chicago
James Q. Cahlll, St. Louis
7,09600
Belan-Price Co
.. 7.338 00
Chas. H. CotBn. Chicago.
Duke M. Farson 4 Co., Chic. 7,801 00
19f'4.
Drnominati .n, $1,000. Date, Oct. 1,
Pavadena (Cal.) School District.— Bond Election.— An
election will be held September 23 to vote on tne question of issuing $70,000 43^« school- building bonds to mature
$5,000 yearly, bt-ginning two years after date of issue.
Patch- gue, N. Y.— tfond Sale.-On September 14 the $18,000 building bonds described in V. 79, p. 989, were awarded
to the Uoion Savings Bank of Patohogue at par for 3'85 per
cents. Following are the bids :
5 the
.
.
.
I
For it Bonds.
For S'H6* Bondi.
W. J. Hayes 4 For registered. 101 -SO
101*18
Union Sav. Bank. PatchOKue...l00'00
of this bond offering will be found among
will
mature Feb. 28, 1905.
Norwood, Ohio.— Bond Sale, The highest bid received
September 12 for the $15,000 4}^% 20-year street bonds described in V. 79, p, 751, was that -of Rudolph Kleybolte «fe
For 8 90»
BomU.
Geo. M. Uahn, New xofk.
}
I
100-13
I
SonB
...
> For coupou
Patchogue Bank
to' 5* BonOi.
S. A. Kean, Chicago
Par
106-30
:
Sept.
THE CHRONICLE.
17, 1904.]
Pembroke, Ont— Bids Rejected.— The following bids, all
of which were rejected, were received Ana;nst 16 for the
debentnree, aprgregating f35,e85 19
three Issnes of
C. Brent. Toronto, offered 134,178 and accrued interest, delivery of
bonds to be made without expense to the town.
Dominion Securities Corporation offered t-<4,10S and accrued interest.
JSmillus Jarvis & Co. offered »33 950 and acrrned interest.
Harrison B. Young offered to talie the bonds on a basts of i]4%.
H
Wm
1053
Ridgewood Township School Dstrict, N. J.— Bonds
Fored.— At a special school meeting held September 7 the
issuance of $60,000 bonds was authorized to build three new
:
school houses.
Park,
Ridley
Pa.— Bonds Authorized,— The
Borough
Council has passed an ordinance providing for the issuance
of 125,000 bonds.
RiTor Bend School District, Kings County, Cal.— Bond
Sa<<'.— School-building bonds of tbis dis'rlct to the amount of
carrying 7% interest, were sold on August 8 to the
$3,0
Oakland Bank of Savings at 108'50. Denomination, $1,000.
Date. July 20, 1904. Interest annually on July 20. Maturity, July 20, 1910.
Rotkford (ID.) Sehcol District No. 6^.— Bond Sale.—
This district has sold to Charles Blacit S2,n00 i}4i 1-4 year
(serial) school-building bonds.
Denomination, $5(i0.
Rust (Texas) School Distrlft.— «on is Not «o/d.— No sale
has yet been made of the $14,000 5% 5-40-5 ear (optional)
school-building bonds offered on August 1. See V. 79, p.
The town is holdirg these debentures for a bid of at least
par and int. See V. 79, p 645. for description of securities.
Pilot jHooDd Township, mon.—Bond sale.— The $4.f!00
bridge bonds cfft^red for sale on August 23 were awarded to
the First National Bank of Cbatfield at par for 6 per cents.
See V. 79, p. 695, for destription of bonds
Point Pleasant, W. y».— Bonds Enjoined,— We are in-
H
street-paving and improvement
formed that the |15,000
bonds oflfered on Sppf. 10 were not sold, tbe authorities being
restrained by injunction proceedings. See V. 79, p. 751, for
description of bonds.
Port Arthur, QaX,— Debenture Sale,—Th\& city has sold,
according to reports, an issue of $147,000 5$ water and sewer
52ii,
for description.
Marjs, Ohio.— Bond 6^a?e.- Oi September 9 the $8,000
5% 10-year deficiency ^ood8 described in
79. p. 751, were
awarded to Albert Kleybolte
Co,, Cincinna i, at 108-50.
Following are the bids
St.
debentures.
Pneblo, V.o\o.—Eond Election Proposed.— An ordinance
has been introduced in the City Council submitting to a vote
of the people at the November election the question of issu-
V
&
r
& Co..
iBg refunding bonds.
Pntnam Conntj (P. 0. Eatonton), Ga.— Bond Bale.— This
county has arrange for the sale of $30,000 4)^^ bonds recently
Cincin.... 18.530 00
8,48fl 5
8. liubn* Sons. Cincinnati. . 8.448 00
Lampreoht Bros, i Co., Cleve. 8,445 uO
voted.
Salisbury School District, Somerset Ccunty, Pa.— Bond
Offering.— PropoBals will be receive'' until 12 m., Sept. 19, by
C S. Lichliter, Secretary School Directors, for $13,650 5%
bonds. Interest, annual.
Maturity, yearly on January 1
A. Kleybolte
>
Qalncy School District, Plnaias Connty, Cal.— Bids Rejected—Bond Offering. —All bids received Sept. 6 for $7,500
5% school bonds were rejected and bonds ordered re adverProposals are again asked for, this time until 10 a. m.
tised.
Nov. 14,
Bfebland ronnty (P. 0. Mansfield) Ohio.— Sond Offering.— The Board of County Cc mmiesioners will sell at puollc
NEW
LOANS.
City of Bordentown,
N.
J.
City of
W<VTER BONDS.
September
1004.
Sealed prop sala will be received at the office of
the undersigned
in
J.,
1,
the City of Bordentown. N.
M
on September
J.,
20th. 1904, at 8 o'clocli P.
for the
purchase ot all or any part of $hO,000 4% Water
Bonds of said (Mtv. Bonds to be of the denomiuation of $5(10 each, dated September 1, 1904, maturing
thirty (SO) years alter date, optional as to payment
,
after ten yetrs. Interest payable semi-annually.
Bends to be coupon in form and resristerea. Butii
principal and interest payable in lawiul money of
the United i^taifs of America, at thx Office of the
City Collector In the City of Bordentown.
Kach prop' sal most be enclosed 1 a sealed envelope, addressed to the Clprli of the Board of Water
Commissioners of the City of Bordentown. Each
proposal must be accompanieil by a certitled cbeclc
on a National Banic or Trust Company, for 2% of the
face vaioe of the borris bid for, payable to the collector of the City of Bordentown.
No bid for less than the par value of the bonds
beconsiderrd.
Bidders are recommended to use the printed form
of proposal furnished by the undersigned.
Amount of bias should be Hated In both words
will
and flcturcF.
Accrued intera!<tto be paid by the purchaser.
Bonds will be eniiravt-d under the supervision of
and oertiUed as to their uenuineness by the ULited
States Morttage & i'rust Company, New York.
The ri(iht
is
Cal.— Bond Sale.-Oa Sept. 6 $7,000
were a-varded to H. C. Booth for
reserved to reject any or
all bids.
October 4th,
the United
States Mortgage A Trust Conjpany, 55 Cedar Street,
New York Kor prin'ed form of proposal and ciriular of particulars, address the nrderslgued, or the
UDlted States .MongHge & Trust Company.
WM. H. TORK. Cle kof ttie
Board of Water Commissioners.
Mount
Vernon,.N. Y., City of
The Common Council
Mount Vernon
of the City of
OCTO
.VI.
be received until
Whole amount of bonds
iTrt.HOO.
Chairman
payable as follows
The sum
ot $3J,000
on the
First
Day of October,
19:<o.
The bonds will be delivered fo the purchaser on
the 15th day of October, li« 4.
Each bid for said bonds to be accompanied by a
certiaed check for the sum of One Thousand (H.OOO)
DolNrs as a guaranty of good faith on the part of
the bidder.
By statute the bonds cannot be sold for less than
par and accrued interest.
Dated September
7th. i904.
EDWARD
A.
F.
BRUSH,
W. RKYNOL"S.
Mayor.
Williamsport Gas Co.
Per Cent Bonds.
IN
IlatxlsoiijelT
2 Wall Street,
»K>; the latter ei «riiv«d
— elegHnt.
HhhI Pres^,
if
Also
llthographod and parllv
StocH ('(nlitlcuie!., $.•? to
wuh
steel
plae
b..r<)prH
with f'criiticnles, »1 50.
ALBERT B. KINO & CO.,
106
WilUam St,, N,Y.
Uniiraversaud LitbographerB.
denominated
.(Tcleptione.)
'
Highwiy Improvement Bonds,"
October, 1954
t ive thousand ($5,000) dollars on tbe First Day of
October, 1955.
Ihe bonds will be delivered to the purchaser on
the l.'ith day of October, 1904.
Each bid for .'aid bonds to be accompanied by a
certlHed check for he sum of one thousand ($1,000)
doiisrs as a guaranty ot good faith on tbe part of
the bidder.
By statute the bonds cannot be sold for less than
par and accrued interest.
i
Datej September
7ih. 1904.
EDWARD
A. W.
F.
BRUSH, Mayor.
RKYNOLl>S.
Blodget, Merritt
City Clerk.
&
Co.,
BANKERS,
16
Congress Street, Boston.
NAH8A0 I4TRKET, NEW YORK..
New
& RAII>ROAn B0N»8.
MUNICIPAL BONDS.
& CO.,
York.
E. C.
Stanwooo
9S
&»
Co.,
BANKKKH.
Milk Street,
BOSTON.
Committee.
sifol pliiio ellccf.
M,
receive sealed proposals for tbe purchase of bonds
to be
PENNSytVANIA.
T.W. STEPHENS
F.
tile fhea .er lilnci. parily
prliilctl friira type.
inO
4TH DAY OF
3«
VAN HUREN.
BONDS s^SHk certificates
eigiMVed;
Monnt Vernon
M
City Clerk.
lat. 19i)4.
ot i'inance
of the City of
will at its Chambers in the Lucas Building, Depot
Place, in the City of
utit Vernon, N. Y., on the
OCTOBER. 19 4, at >• o'clock P.
JiTATE. CITY
*'rsl bond payable In amount |«00 October 1st,
1904, and I he remainder |7rt,00U to be in denomination
Of »l.oC(. each, piiyanie r.J.000 yearly therealler until
Ine whole amount be paid.
Interest to t>e iit tbe rate of i% tayable temlannually on the llrst day of April and October.
C.
Mount Vernon, N. Y.,
i
SRPTEM-
,
Btnds to be dated October
LOANS.
numbered consecutively from 756 to 770 inciusive;
each bond to be for the prtncliml sum o' II.' 00.
The said Commi^n diuncll will then and there open
Vernon, numbered consecutively from 354 to 88:! such proposals and accept the most lavorable thereInclusive, each bond to be for the principal sum of of unle.'is it deem it for the best interest of the city
$1,0 'O.
to reject any or all of said proposals.
The said Common Council will then and there open
These bonds will lie for he principal sum of One
such rropofals and a'^cept the most lavorable there
Thouand Dollars and will bear Intere t at the rate
of, unless it deem it 'or the be»t interest ol the city
of Four Per (emum per annum, payab'e seraito reject any or ail oi said proposals.
annually at tbe ofllce of the City Treasurer of the
These bonds will be for the principal sum of One City of Mount Vernon. The? will be dnted the First
Thousand D illars, and will bear li terest at 4 per Day of October 1904 and parable as follows, to wit:
centum per annum paynble semi-annually at the
Five thousand (tS.OliO) ocilars on the First Day of
office of the City Treasurer o
the City of Mount October. 19.^3.
Vernon They will be dated October Ist, 19:4, and
Five thousand (|5,0(0) dollars on the First Day of
HIGH SCHOOL BONDS.
P
D-*nomination,
Highway Improyement Bonds.
DAY
City of Amsterdam, N.Y. TAX EXEMPT
ti
bonds of this district
il 103.
The Common Council
will at its Ch»mbers iu the Lucrs Building, Depot
Place, in the said city, on the 4 I'H
OIT
BER, lHOt, at 8 n'cl'ii k P. M. receive sealed proposals for the purchase ot thirty bonds, to be denomin
ated "Sewerage Loan Ronds " or the i ity f Mount
Ist Mtge. 5
BER 2H.
6?;
NEW
LOANS.
SEWERAiitE LOAN BONDS.
Delivery of the bonds will be made on
1904, at II o'clock A. M., at the (,fflce of
Seiiled proposals will
8,160 00
refunding bonds. These bonds are for th^ purpose of redeeming pait of the $35,000 bonds outstanding. Of the total
amount, $8,000 will be retired out of the sinking fund, $17,000
will be taken care of by tbe permanent school fund and
$12 00!) by the new ipsue referred to.
Santa Marie School District, Santa Barbara Connty,
(Westolicster County,)
the Board of Water Commis-
Bordentown, N.
W.R. Todd (SCO.. Cincinnati..
#30,000
*f^60,000
Office of the Clerk of
sioners.
Co.. CIn. .$8,400 CO
First Nat RIt. Rarneovllio ... 8,2«5 00
Hayden, Miller A (Jo., Cleve.. 8,203 00
from 1906 to 1932, inclusive.
San Patricio Connty, Tex.— B <nd SaZ-?.- Tbis county has
soM to J F, Green an issue of $12 000 5% 1-12 year (serial)
auction at 1 p. m., Oct, 1, $25,000 i}4% bridge rebuilding
Date, Oct. 1, 1904. Interest,
bonds. Denomination, $500.
semi annually at the office of the Connty Treasurer. Maturity, $2,500 each six months from Apiil 1, 1916, to Oct. 1,
No conditional bids will be considered.
1920, inclueive.
Certified check for l^of the par value of the bonds, payable
to the Auditor of Richland Ci unty, required of bidders
NEW
& Tr.
Prov. Sav. Bk.
Seasongood & Mayer. Clncln..
R.
FULTON & CO.,
BBiablUhrd \H»S.
H. C. Speer & Company
Municipal Bonds,
169 Lii Hnll© St., Chicago.
171 LA SALLE STREET,
CITY COUNTY
BONDS.
CHICAGO.
AND TOWNSHIP
—
:
THE CHRONICLE.
1054
4:1,000
Hmk
H
:
,
1100.000
|38.oro
ildlnrj
liuiuit.
106 (!02
103-:i75
B
n. Norton 4 Co.. New York
KstHbro k & Co. New York
N. \V. H«Nev *r<... New York
H. L. Oht * Co.. New York
W. J.llBTea A 8 >!», Cleveland
O'Conn. r < K-ihlcr. Nhw Vnrk
K I) Sheparrt A Co New York
BlodKit. MjTrltl 4Co.. Boston
E.
Newberiier Henderson
* Co
A
lC3e»7
114-645
104-217
104-^1
10b-2:ie
10218
If
1
10.-»«
NEW
^^o,ooo
WILKINSBURG,
luterest annually at the Commercial National Bank of Chicago.
Valdosta, Ga.— BoTid Sale.— The $20,000 4% paving acd
building bonds offered but not sold on Aug. 15 were awarded
Bids will be receiyed by the undersiKced at the
Council Chumber of the Boronah of WilkinsbnrR
until 2 P. M. SEPTEMBER 24TH. 1904, fnr the
purchase of fifty (Si) Street Improvement Coupon
Bonds of $l,uOo Oh t-aeh, dated July 1st, 1»04, inter
est i% per annum payable semi-annually.
Fiee
from State tax. Bonds mature as follows
Numbers laid 2 on July 1st, 1914.
Numbers 8 and 4 on July Ibt, 1919.
Numbers 6 and
en July 1st, 1916.
Numbers 7 and 8 on July 1st. 19i7.
Numbers 9 and lo on July )8t, 1918.
hi umbers li and 1« on July ist, 1919.
Numeers 13 and 14 on Juiy Ist, 11-20.
Numbers 1" ai.d 10 on July Ist, 1921.
Numbers 17 and I8 on July 1st, 19i!2.
Numbers 19 and 20 on July let, 19-^8.
Numbers 21 and 22 on July Ist, 1921.
Numbers 23 xnd 4 on .luly Ist, 1925.
Numbers tb and 26 on July 1st, 192<f.
Numbers <:7. 2^ and Z9 on July Ist, 1927.
Numbers 30, 31 and .S2 on July Ist, 1928.
Numbers 33. 34 and 3& on July 1st, 1989.
Numbers 3«, 37 ana 38 on July Ist. 1930.
Numbers 39, 40 and 41 on July 1st, 1931.
Numbers 4\ 4-1 and 44 on July 1st, lti82.
Nvimbers 4.5, 46 and 47 on July isl, 10 3.
Numbers 4», 4" and 60 on july Ist, 1934.
A certiUO'i check on a national bank for $1,000 00
f^
A.
INVESTMENTS.
LOANS.
#30,000
PA., City of
ALLEGHENY COUNTY,
STREET Itti'KOVEMENT BONDS.
BOND DEPARTMENT.
New Eochelle,
BOND SALE.
N. Y.,
Sealed bids will be received by the underslcned
SEPTEMBER
until
87, 1904, at 8 o'cloch P.
M
,
CHARLES KAMMERMEYBR,
Rochelle, N. Y., Sept.
City Clerk,
8, 1904.
o'-'Nl^o.
CORPORATION
Service
Public
LltsT
.
UN APPL.ICATIOH.
DenTer.
Chieairo.
MUHICIPAL
&
Oo.,
La Salle
npon
IN
STREET RAILWAY
1
BONDS.
NASSAU STREET, NEW
Interest Paid on Daily
YORK.
and Time Deposits.
irHITING*S PAPERS.
San Franelfuo
& Co.,
ENGINEERS.
DESIGN,
For Bualnesa Correapondeuoe.
CONSTRUCT AND OPERATE
RAIL'WAY LIGHT, POWER AND
HYDRAULIC PLANTS.
Street, Cbicago.
Whether for letter written with your own band, or
by^he typewriter, are UNEQUALKD. Their qaallty
U assured and they have won hl*ibest honors at all
the Kreat World's Fairs. For high grade wrltliw
papers of all kinds, for bond papers, and for ledger
papers, Insist on havme them made by the
CORPORATIOH
BONDS.
Z7I
and prices
application.
lists
INCORPORATED.
BOSTON.
AMD
to 53^*.
Rudolph Kleybolte&Co.
BANKERS,
Corporatioc
H. M. ByUesby
DENISON, PRIOR &00
MacDonaJd, McCoy
Printed
4l%
MUNICIPAL, RAILROAD and
E.H.ROLLINS & SONS
LIST.
CLFVFLANO.
poration Bonds, conservatively issued,
ENGINEERS.
INVESTMENT BONDS.
SEND FOR
Municipal and Cor-
BOSTON.
1L.JL8
•
Railroad,
yielding investors
BONDS.
172 WaBhingrton Street,
CHICAGO,
Offers
Illinois.
DKAUBS
AMD
GRABE,
T. B. POTTER,
MUNICIPAL and Dnkinc
Chicago,
MUNICIPAL
Chairman
of Finance Committee,
Uoss avenue. Wllkinsburit, Pa.
THE AMERICAN TRUST
& SAYINGS BANK,
for
the purchase of all or any cart of $30,000 Kegistered 4 i.er cent Local Hlshway Improvement
B mds of said city, of I1,0C0 eacn, dated October 1,
1904. and maturing two bonds annually commencing May 1. 1907. Interest payable semi annually.
Principal and Interest payable aitheofflce of the
* Ity Treasurer.
Each prouosal must bo accompan'ed by a certified
check OD a Natlonul Bunk in INew Vork City, oron a
National Bank r~r Trust Company In Wew Rocbelle.
for 12,000, payable to the order of the Treasurer of
the City of New Rochelle.
No bid for less thwu par value of the bonds will
be contldered. Bidders must use the piinted form
of proposal furnished by the undersigned.
Accrued interest to be paid by the purchaser, and delivery will be made at the oflBce of the City Treasurer In New Rochelle on October 4, 1904, at 12
o'clock noon.
The right is reserved to reject anv or all bids.
New
&
$1,400 refunding bonds of $350 each. Maturity, ten rears.
eOO funding bonds of $300 each. Matuntr. Ave years.
600 street and bi^hway bonos (denomination $vOO). matarirg in five years.
,
LOANS.
—
'
802
We
GEORGE
293.
D
102 hi
10 -.SBS
103 00
lOS! Oil
101-28
coDstrnct a water system in the Wallkill District, These
bonds are town bonds Issued pursuaot to a resolution of the
Town Brard passed August 2*^, 1904. Denominaiion, $1,5U0.
Date, Oct. 1,1904. Interest (not to exceed 5?) annually on
October 1 at the Hoguenot National Bank of New Pal' z.
Maturity, $1,500 yearly on October 1 from 1909 to 1924 inclusive
Deprsit 10$ of purchase money required on day of
sale.
Thos. Titnfl is Town Clerk.
SoQth NoriTalk, Conn.— Notes to be Jdswecf.— This city has
decided to build a filtration plant to cost, it is stated, |60.0(i0.
are itfcrmed that no bonds have been authorized for
this purpose, but that the money will be obtained by the
negotiation of temporary notes.
Spencerport, N. Y.—Note Offering.— Provoaala will be received until 7:30 P. M October 12, by W. B. Moore, Village
Clerk, for $1,000 iight notes at not exceeding 5$ interest.
DenomiUHtton, $500. D^te, Oct. 15, 1904. Maturity, one
note in 1907 and one in 1908.
required with bid.
Yoik, at 100
1 sold to the State School Fund at par an isfue of $36,500 i% refunding Ixjnde. Dencminations, $100 and $1,000.
Date, Sept. 1, 1904. Interest, Eem1-»nnual. Maturity, five,
ten and fifteen years after date, subject to call after one ye; r,
benture Sale. According to the Toronto
Toronto, Out."Globe, this city has sold to E. H. Gay
Co., Montreal,
£65,0"0 314% stock on about a Ai basis,
Trenton, N. J. Bonds Authorized.— The City Ccuncil on
Sept. 6 passed an ordinance providing for the issuance of $900
4$ 10-year driveway bonds,
Bond Ordinance.— The Common Council on Sept. 6 paesed
the ordinance providing for the isf nance of the $^70,000 4i
funding bonds referred to in the Chrosicle Aug. 83. Bonds
will mature Oct. 1, 1934.
Loan Auth>riz€d.— The City Council has parsed ordinances
authoritifig sewer improvements in Daymond Street, Princeton and Evans avenues and in Whittaker Avenue. To provide for the cost and expenses of these sewers improvement
certificates and bonds are authorized.
Trlnmpb, Martin Connty, Minn.—Bona rjfertngf.- Propceals will be received until 3 p. M., O^ctober 3, by Geo. E.
Brockman, Village Recorder, for the following $2,500 bonds
at not exceeding 5? interest
Shawangnuk (Town), Ulf'ter Connty, N. Y.—BondOj^ertwgr.— This town will sell at public auction at the Firemt-n's
Hall in Wallhill, at 2 p. 5i , September 20, 524,000 bonds
issned under the authority of Chapttr 451, Liwe of 1900 to
NEW
New
Sept.
M'Hil
103333
J.amprecht Brog. * Co.. Cleveland
Title Guaranty A Trust Co.
Co.,
Tharston Coonty, Wash. -Bor,d 5ate.— This connty on
lGil6
l(,4-'v7
Co., Phllatelphia
&
nds.
lOSSiH
lOB'fS
.
'140
Srwtr
n
[Vol. lxxix.
Mnssei (N. J.) School District.— Bond Offering. -The
Board of EducHtion will sell at public auction at 2 p. m.
October 8 |16 0'0 i% i/old coupon bond-". D; nomination
$!,<00.
Date, Oct. 8, 1804. Interest, April and October at
the Farmers' Nationnl B'lnk of Hut-sex.
Maturity, |5,000 In
ten years, $"^,000 in twenty years and $6,000 in thirty years.
Bnnds are exempt from taxes. D. pof-it of lOt cieh required
on day of sale. Bonded debt at present, $80 000. Assessed
valuation, $fl(0 OOO. H D. Van Qaasbeek is Di-trict Clerk.
Ti) rry town, N. Y.— Bond Sa/e. — On September 7 an iseae
Interest, anrnal.
Matnrlty,
Date, Anp:. 1, 19P4.
yenrly on Ant?. 1 from IQOr) to 1911. inclafllv«»,
SangertleB. N. Y.- Bond Sale.— Oa Aug. 29 |86,000 4?
at par.
pewer bondfl wer*> sold to the Sangertlt-B Savings
Denomination, $3,440. Date, Ang. 29, 1904. Interfst, semiMatnrity, one bond yearly from 19G9 to 1933, inc.
annna).
Srrantoii, Pa.— Bt''.s.— Following are the bids received
September 1 for the $100,000
building and the 138,000 ii
sewer bonds aw»rded, as etattd two weeks ago, to E. H. Norton & Co New York City
$1,000.
Gr«hi»ni
:
WHITING PAPER COMPANY,
Bxamlnatlona and Reports.
UOLrYOHE, MASS.
New York
Life Building,
CHICACO,
ILL.
New
York.
Philadelphia.
Chicac^o.
—
Sept.
THE CHRONICLE.
17, 1904.]
on Sept. 10 ToSeascngood & Mayer, Ciccinnatf, at par. See
V. 79,' p. 287, for deecription of bords.
Bond Election,— An election will be held October 11 to vote
on the question of iasning P^OOO school bonds.
TictorJa Coanty (P.O. Lindsay), Ont— Debenture Offering.— Propr>m\s will be received until 12 m., September 27,
by J. R. McNeillie, Coun'y Clerk and Treasurer, for $40,000
i% 20 year debentures, Denomination. $1,000. Date, Oet. 1.
Interest seml-annuaily at the Bank of Montreal, Lindsay.
Vincenne8(Ind.) School matriit.— Bond Offering.— Farther details ar^ at hand relative to the offering on September 19 of $35,000 4i school bonds. Proposals for these bonds
will be received until 2 p. m, on that day by Mason J. NibDenomination,
lack, Secretary Board of School Trustees.
Date, Sfpt. 1, 1904. Interest eemi-anEually at the
$500.
Hanover National Bank, New York City. Maturity, $5,000
yearly on September 1 from 1908 to 1914, inclusive. Certified
check for $700 on a national bank, payable to William H.
VoUmer, Treasurer School Board, required. Purchaser to
pay accrued interest. Bonds are non-taxable. Bids must be
unconditional. The school district has no debt at present.
Assessed vnluation for 1902 as equalized, $5,517,190; real
value about $8,500,000.
WaterTlitt, N. Y.— Bond Sale.— On September 10 the $7,550
i% Fifteenth Street improvement bonrls described in V, 79, p.
990, were awarded to the Albany Exohacge Savings Bank
Yakima County (Wash.) School District No. 36.—Bond
St:ate of Washington on Aug 37 purchased an
issue of $4,200 if^i 1-10-year (optional) bonds of this district
at par. Denomination, $600. D^te, Aug. 27, 1904. Interest,
Safe.— Toe
annual.
Takima County (Wash.) S«ho(,l District No. 74.— Bond
Sale.-Oa September 10 $1,000 H 1-20-jear (optional) bonds
of this district were awarded to the State of Washington at
par.
provement bonds.
Yonngstown, Ohio.— Bond 0#ering.— Proposals will be received until 2 p. M., Sept. 26, by Wm. I. Davies, City Auditor, for the following bonds
:
112,035 5* Hi tn rod AveEue paving bonds. Maturity, $2,417 yearly on Oct. 1
from 1906 to 1910, Inclusive.
480 5* Garland Avenue sidewalk bonds. Maturity. $8J yearly on Oct. 1
from 1H1I6 to 19111, tnclasive.
Denomination. |97. Maturity, one
486 5* Webb Street gtdewak bonds.
bond yearly on Oct. 1 from 1906 to 1«10, Inclusive.
Bonds are dated Oct. 1, 1904. Interest will be payable
semi-annually at the office of the City Treasurer, Purchasers
nauat be prepared to take the bonds not later than Oct. 3,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer. A certified check on a
Youngstown bank for 2% of the amount of bonds bid for,
payable to the City Auditor, must accompany proposals,
which must be made for each block separately.
Bonds Authorized. The City Council has authorized the
following bonds
M Srpt. 19, by S. O. Wood, Village Clerk, for $2,500
debt-extension bonds. Denomination, $500. Date,S9pt.l,
Interest payable at the office of the Village Treasurer.
1904.
Certified check for $200, payable to the Village of Weeton, required. Bonded debt, including this issue, $22,500. Assessed
valuation, nearly $300,000.
West Washington (Pa.) School District.— Sond fiaie.—
The recently authorized $20,000 5% sohcol bonds have been
sold by John Qriffithp, Secretary School Board, to Fuller,
Snyder of Cleveland.
Parsons
Wood County (P. 0. Bowtingr Green), Ohio.— Bond Sale.—
On September 5 th«^ $50,(00 6^ coupon bigb way- improvement
bonds described in V. 79. p. 803, were awarded to Seasongood
& Mayer, Cincirnati, at 102 -005.
,
—
.
$13,000 6* improvement (city's proportion) bonds. Maturity. $2.C00 yearly on
Oct. 1 from 1M08 to 1911, inclusive, and tl.COO Oct. 1, 1912.
1,600 6* crosswalk bonds. Denomination, iB600. Maturity, one bond yearly
on Oct. 1 from 19u6 to l«Ori, Inclusive.
Interest will be payable semi-annually at the office of the
&
City Treasurer.
Bond Sale.— Oa September 12 the three iesues of 5% bonds,
aggregating $3,170, described in V. 79. p. 803, were awarded
to the Firemen's Pension Fund at 101 '81. This was thoionly
bid recfived.
INSURANCE.
PUBLICATIONS.
of
Operated in connection with
Moody's Manual of Corporation Securities,
Furnishes reports on Corporations of
ail
botli American and Foreign,
giving accurate, reliable and
up-to-date information.
liinds,
Invaluable to bankers, brokers, inves-
Highly
tors, corporation lawyers, etc.
leading financial houses,
for Circular.
of the
office;
Corporation Statistics
Send
Interest,
funding bonds, dated Julv 1, 1904.
Yoikviile, 111.— Bond 5aie.— This village has sold to the
Yorkvllle National Bank an issue of $4,000 water- works-im-
4J^!J
commended by
Date, Sept. 10, 1914,
Toaknm, Texas. Bonds Registered.— On September 9 the
State Comptroller registered $13,5U0 5% 10-30year (optional)
Weston, Ohio.—-Bond 0/en«gf.— Proposals will be received
The Bureau
Denomination, $500.
antual.
(the only bidder) at par.
until 12
1055
ATLANTIC MUTUAL INSURANCE COMPANY,
New York, .Tanuary 20th, 1904.
The Trustees, in Conformity with the Charter of the Oompanri, submit the foUowiny statement of
its affairs on the 31st of December, iqos ;
Premiums on Marine Risks from let January, 1903, to 31st Decemlier, 1903... $3,174,147 73
800,368 66
Premiums on Policies not marked off let January, 1903
Total Marine Premiums
$3
974..'>1
6 29
Interest received during the year
"
"
"
Rent
less Taxes
December, 1903
$3,250,364 45
$336,185 20
$448,108 97
111,923 77
Losses paid during the year -which were estimated
in 1902 and previous years
Losses occurred, estimated and paid In 1903
1,065,141 83
Premiums marked
from
ofl
Ist January, 1903, to Slst
$322,490 79
$1,387,632 62
JOHN MOODY,
CHAS.
L. F.
-
.
BBIDOE,
-
Less Salvages
Re-lnsurances
President.
Manager.
-
$146,587 55
64,028 75
„
Returns of Premiums and Expenses, $467,841 97
35
NASSAU STREET, NEW YORK
Telephone 8329 Cortlandt.
Bankers, Brokers, Investors,
ALL USE
The Company has the following Assets, viz.:
United States and State of New York »tooli; City, Bank and other Securities
$5,170,084 00
Special deposits in Banks and Trust Companies
1,612,252 53
Real Estate corner Wall and William Streets and Exchange Place... $3,789,000
Other Real Estate and Claims due the Company..
75,000 3,864,000 00
Premium Notes and
Cash
Bill
ISSUED ANNUALLY.
Describes 11,000 Corporations.
the Standard Keference Hook of the Corporation* of the United States, and Is undoubtedly the
moit ccmprehensive OnnDclal reference ubiicalion
In the world. Complete an i uniform «et« of this
Manuiil cor siltule ii vcriinble tMicyclopacdia of
motici-ii finance iind iiidiiNlry.
I'rici-, exSreHHRKe prfp»i<l, lo nny pnlni in the I nited
tnteii «r ('Knailu, *10 per copy. Send for
our pamphlet entitled "Tern linony,''8howiQK how
the bauktnK wr>rld reKitriiii this publication.
It Is
.
182,001 68
Amount
$12,025,021 81
Interest on the outstanding certificates of nroflts will be paid to the holders
aereof, or their legal rt-presentatives, on and after Tuesday, "the second of February next.
The outstanding oertlticates of the issue of 1 898 will bo redeemed and paid to the holders
thereof, or tlieir lega. representatives, on and after Tuesday, the second of February next, from
which date all interest thereon will cease. The cerlilicatea to be produced at the time of
payment, and canct led.
A dividend of Forty per cent Is declared on the net earned premiums of tlie Company
for the year ending Slst December, 1903, lor which, upon application, certittcates will be Issuea
By order or the Board.
on and after Tuesday, the thlid of May next.
II.
WALDKON
JOHKI'H
Company
»«ri»
Years Boosht and Said.
GILLESPIE,
No. 518 Atlantic Balldiaf;,
NEW TOR^
STANTON FLOVD-JONES,
V.
Secretary.
TRUSTEES.
*KKN().\
49-61 Wall Street,
89,46172
^
GUSTAV AMSTNCK,
KkANCIS M BACuN,
ITTOODY PIJBLISHI>C} CO.,
JOHN N. BKACII.
35 Nassau Street,
Newr York City. WIT-MAM H BOUI.TON
Room
payable In
S!t percent
1904 Edition now ready. Contains 2464 pages.
JOHN M
1,107,221 88
policies
foreign countries
OF CORPOKATION SECURITIES.
•t All
Receivable
hands of European Bankers to pay losses under
in the
ash In Bank
MOODY'S MANUAL
Atlantle fflatnal Inaarane*
210,616 30
$1,177.016 32
II.
HKOVVN,
P. BliOWN,
(
IIAl'.VIAN.
UKOIUiB (', CLAHK,
COKNKLIUS Kl.DKUT,
KWAL-O FLKITMANN,
nKIinKHT
CLKMK.NT
I..
C.UIQOS.
T.RVI P.
A. OHlsCO.Vl,
ANSON VV. HA
M'KIUS K. .IKf-l'l".
It II,
l.KWIS
LKI)^
CA,-»S
FKANCIS
1,K(;(;k1'T,
11.
CHAKl.Krt
LKANIiKll
I)
N.
GirOIUJK H.
AUD.
I.KVIOmcn,
LOVKL.L.
M
ACY,
CUAHI.KS H MAUSHALL,
W. U. U. MOOKK.
A. A.
RAVKN,
MORTON,
UICNUY I'AUISH.
KKEniClMC A
DALLAS
OKOUCilC
A. A.
PAU90.NIT,
B. I'UATT,
\V. Oil.NTA.hu,
UAVKN.
JOHN U. HlliKU,
nOUiJI.AS U0HIN90:t.
OrSTAV II. SCHWAB,
WILLIAM c. m'uuaBa.
rrrsidfut.
F A PAiiSONS, YUf. rrts't.
CORNKI.IUH ELDEKT, ail Viee-Pre^t,
THtO.
P.
JOHNSON, jc/
Viee-P-et't
1
THE CHRONICLE.
056
I
Vol. Lxxix.
J^ccDUUtatits.
^vnst ^ovxpunizs.
Wilkinson, Reckitt,
Williams & Co.,
15^E9U1TABLE
TRUST COMPANY
OF NEW YORK
Certified Public Accountants,
(Illinois)
niAUQUETTK U[;iL,DINU.
OHIO AGO.
iHtephen GIrard HIdg.
S9 Brondwiiy,
NEW YORK.
FUll^ADELPIIIA.
LYBRAND,
ROSS BROS &
TRUSTEES
NEW YORK.
30 Coleman
SELLS,
Street,
New
Street,
ClUoago.
St. Lonls.
128 Broadway,
New
ITork.
'
Stock Brokerase Houses.
Pogson^ Peloubet & Co*
PUBLIC ACCOUNTANTS.
YORK, 42 Broadway.
CHICAGO, Marquette Building.
and Treaa.
BUTTE, Hennessy
ut.
Adrja8 2nd,
Edward
M
Hooa^,
Individuals and Corporations*
.ot
Interest on Dailv Balances.
Deposits
SURPLUS. S9, 000. 000.
BOWLING GREEN
TRUST CO.,
Kew
DIRECTORS:
ALEXANDER McDONALO,
York.
Capitalist
& Director, C. C. C.
W.
<fe
St. L.
Mew York.
OFFICERSt
RE. System.
CHARLES
New York.
EDWIN QOUL.D
LEW.
DIRECTORS:
K. STALLO.
Tork. President Kingston Lnmber Co. and Director
Onardlan Trust Co.
New Tork.
ROBERT
H.
SHERWOOD,
Formerly ol Excelsior Electric. Thompson Hoastnn
and General Electric Companies.
E. HlITCniNSON.
Brooklyn, N. T. President Brooklyn Bank.
HENRY
BIRD m. ROBINSON,
President Harriman
KnoxvUle <fe
&
North Eastern RB. Co. and
BK. Co.
Bristol
DANIEL, B.
ELY,
MevTork. Mgr. Bond Department,
Interstate Securities
Ca
C. QCINBY.
York. Attorney -at Law.
I.
Galveston, Texas.
H.
KEMPNER.
Mew Orleans, La.
6
B.
ROGERS.
President Interstate Truat
Hanover Bank
J.
Winslow
B. Pleroe,
Frederick B. Schenck,
William H. Taylor,
Edward R. Thomas,
John P. Tmesdell,
K. F. C.
Young.
WHITE &
G.
J.
W.Mlddendorf,
William WUIlg Merrill
iOrank Jay Gould,
GeorRe J. Gould,
John A. Hilton,
& Banking Ca
NASSAU STREET, NEW YORK.
Myron T. Herrlok.
Edward T. Jeflery,
Edward R. Ladew,
WllUam M. Laws.
Charles P. ArmstronK,
Krank Bralnard,
liobert C. Clowry,
Bdmund C. Converse.
Wm. Nelson Cromwell.
Granville M. Dodge,
A. Goe. el,
Kdwln Gould,
& Trust Co.
President Texas Bank
WALLACE
Telephone 6940-6941 Broad.
CO.,
Baildion.
Engineers, Contractors,
WM. FRANKLIN
HALL,
43-49 Exchange Place,
Accountant,
^'la'sTte^Streit?'
President
JOHN A. HILTON, 3d Vlce-Prea. dt Treaa.
WILLIAM M. LAWS
Secretary
President Oriental Bank.
EDMCND
ttevt
E.
Banking and Cotton, M. Levy & Sons, New Orleans.
R. W. JONES JR.,
New
Exchange Ballding,
and 43 Exchange Place.
Capital, $2,500,000 Sarpla8,$2,500,000
8TRATTON,
New Tork. President Mobile Jackson & Kansas City RH. Co. WILIilAin B.TAVI.OR....lst Vlce-Hrea.
Director Orange Co. Trust & Sale Deposit Co.
CHAS. P. ARMSTRONG
2d Vlce-Fre«.
D.
HENRY
Street
BROADWAY, NEW YORK.
26
Interstate Securities Co-
PBODUCTION ENGINEERS.
PUBLIC ACCOUNTANTS.
BOSTON, MASS.
The American Mfg.Oo.
Books audited.
Examinations and investigations conducted -with the utmost
MANILA SISAL AND JUTE
care and efficiency.
LOOMIS, OONANT &
CORDAGE.
00.,
CERTIFIED PUBLIC ACCOUrJTANTS
30 Broad Street. Now York.
65
Wall
Street,
New
York.
Manae^r of the Audit
York.
Ueotrle Rallwayi, Elvotrle Light aad Sleetrta
Power Plant! Financed, Detigned and Bidlt,
J.
ALFRED ROSE,
New
Inyestigations and Reports on Eleotrlo
Railway, Qas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Inyestors.
Tel. 41t58 Broad.
Y.
C. F.
John M. HaU,
Xreasorer.
L. F. Lioree.
THE BONO ISSUES OF
RAILWAYS AND MUNICIPALITIES
DEALT IN
Building,
CuNN, Richards & Co.
If.
W. H. Crocker,
H. M. Walker,
f^ttianctal.
Mew York.
(I«ste
Frederic R, Coadert,'
H. H. Porter Jr.
Jr.,
Asst. Secretary.
CAPITAL, $3,000,000.
ST. LOUIS, Chemical Building.
St.
Sec.
Wmiam C. Van Home,
Pittsbnrgh.
Mxamlnatlont of Financial Conditions and Bamlngrs.
Reports and Adjustmeuts for Consolidations
and Reorganizations.
iBTestlKBtlonB an Audits of BDnklns an<l
43 W^all
W. FuUe,
Lyman Rboades
L. Gillespie,
Solicits
W. F.WEISS,
Wall
F.
York.
CERTIFIED PUBLIC ACCOUNTANTS
NEW
Dryden,
"HASKSELLS."
Cleveland.
"™°^
Bradlsb Johnson,
William Aiexander,
Alvin W Krech,
M. Hartley Dodge,
H. M Alexander,
8. M. Inman,
Vloe-PreBident.
Ohanncey M. Depew,
W. B. Banklne,
London, E. C.
Cable Address,
Geo. H. Squire,
L. L. Gillespie,
Clarence H. Maokay,
Wllllan) H. Baldwin Jr.,
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad
F.
Lawrence
BIl
&,
James Henry Smith,
Vice-President.
De Witt Cuyler,
D. H. Moffat,
BALTiniOKE.
HASKINS
Otto H. Kahn,
James H. Hyde,
T.
W. Alexander,
V. P. Snyder,
Glage £. Tarbell,
Fidelity llatldlna.
Bids..
J.
President.
Harrlman,
John
Bnlldlntr,
PUlLAOEliPHIA.
Broad Exchnnse
TRUMTKE8:
W. Krech,
Alvin
H. O. Friok,
O. B. Alexander,
William H Molntyre,
T. H. Hubbard,
(I'ennitrlTania)
<iilrnrd
EQUITABLE BUILDING.
H. O. Deming.
E. H.
Public Accountants
Stephen
1
Jamee H. Hyde,
MONTGOMERY,
Certified
NASSAU STREET
15
LONDON CORRESPONDENTS:
O. WHITE & CO., Limited,
'i'Jn ('olleiTF
Hill. I^nnnon St.
Co. of N. T.I
CERTIFIEO PUBLIC ACCOUNTANT.
56
PINE 8TUEBT,
NEW
YORK.
Tel. 4261 John.
JAMES PARK &
CERTIFIED
5)i
338
PUBLIC
CO.,
ACCOUNTANTS.
Broadway. New York.
L<a Halle Htreet.
Perry, Coffin
Chicago.
&
ONE PIECE OF PAPER GOOD THE WORLD OVER
Burr,
INVESTMENT BONDS
Are You a
Money Order
Bank?
The standard, tiniform Money Order of the
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