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IN C L U D IN G
Bank & Quotation Section
Railway Earnings Section
VOL. 89.
Railway & Industrial Section
Bankers’ Convention Section
SA TU R D A Y , S E P T E M B E R 25 1909.
'JJIxe (Sfaxoniclt.
Clearings at —
PUBLISHED W EEKLY.
Term s of Su bscrip tion — P a y a b le in A d v a n c e
F o r O n e Y e a r ..............................
n m no
F o r S ix M o n t h s .....................................0 0
E u r o p e a n S u b s c r ip tio n ( in c lu d in g p o s t a g e ) .........................................’ ___ ” 1 3 qq
7 50
E u r o p e a n S u b s c r ip tio n s ix m o n th s ( in c lu d in g p o s t a g e ) .......... ..................
A n n u a l S u b s c r ip tio n in L o n d o n ( in c lu d in g p o s t a g e ) . . .
........... £ 2 1 4 s
.
.til U s
S i x M o n th s S u b s c r ip tio n in L o n d o n ( in c lu d in g p o s t a g e )
C a n a d ia n S u b s c r ip tio n ( in c lu d in g p o s t a g e ) .......................................................$ 1 1 5 0 ’
S u b s c r ip tio n in c lu d e s fo llo w in g S u p p le m e n ts —
1! xk and Q uotation (m onthly)
I S tate an d C ity (sem i-an n ually)
R ailw a y an d rnd u sth ia l (quarterly) E lectric R ailw ay <:i tim es y e a r ly )
R ailw ay E aiinings (m onthly)
| B a n k e r s ’ c o n v e n t io n (yearly)
Term s of A d vertis ing— Per In ch S pace
T r a n s ie n t m a tt e r p e r in c h s p a c e (1 4 a g a t e l i n e s ) ............................................... $ 4 2 0
( T w o M o n th s
(S t im e s ) .........................
22 00
S t a n d in g B u s i n e s s C ard s < T h r c o M o u th s (1 3 t i m e s ) .................................. 2 9 0 0
0
) S ix M o n th s
(2 0 t i m e s ) .................................. 5 0 0 0
L T w e lv e M o n t h s (5 2 t im e s ) ................................... 8 7 0 0
C H IC A G O O F F I C E —P . B a r t le t t , 5 1 3 M o n a d n o c k B lo c k ; T e l. H a r r is o n 4 0 1 2 .
L O N D O N O F F I C E — d w a rd s & S m it h , 1 D r a p e r s ’ G a r d e n s, E . C.
-E
W I L L I A M BS. D A N A C O M P A N Y , P u b l i s h e r * ,
I*. O . i . o x f ) 5 8 «
F r o n t , P i n e a n d I J c p o y y t o r H i* .,
N ew Y ork .
,„?,V.,,lis ll,c<1JPv e r >’ S a t u r d a y m o r n in g b y w i l l i a m b . D A N A COM i> \ N v
W illia m B . D a n a , P r e s id e n t ; J a c o b S e ib e r t J r . , V ic e -P r c s . a n d s e c • \ ; r o i i
G. D a n a , T r c a s . A d d r e s s e s o t a l l , O ffice o f t h e C o m p a n y .
CLEARING-HO USE RET URNS.
T h e fo llo w in g ta b le , m a d e u p b y te le g r a p h , & c., in d ic a te s
t h a t th e to ta l b a n k c le a rin g s o f all c le a rin g h o u se s o f th e U S
fo r w e ek e n d . S e p t. 25 h a v e b e e n $ 3 ,3 1 4 ,6 1 3 ,7 3 1 , a g a in s t $3 5 2 3 ,5 6 1 ,7 1 4 la s t w e e k a n d $ 2 ,6 4 0 ,3 4 0 ,9 3 4 th e w e e k la s t y e a r .
Clearings— Returns by Telegraph Sept. 25.
1909.
1908.
%
N ew Y o r k ............... ..........................................
B o s t o n ...............
P h ila d e lp h ia ________
B a ltim ore.................
C h ic a g o ...............................
S t. L o u i s .. .............................
N ew O rleans__________________________
$ 1,7 3 6 ,6 2 4 ,0 4 2
119,405,068
1 3 2,740,922
2 1 ,2 5 1 ,9 0 8
2 3 6 ,5 2 8 ,1 0 0
55.2 S 1 .9 1 5
1 1 ,474,549
$ 1 ,3 6 1 ,6 8 8 ,3 0 4
100,504,093
9 0 ,5 2 5 ,5 1 3
19,178,781
196,482,771
4 8 ,2 5 9 ,7 4 0
1 0 ,474,179
+ 27 .5
+ 18.8
+ 40.0
+ 10.8
+ 20.4
+ 14.0
+ 9.0
Seven cities, 5 d a y s ..................................
O ther cities, 5 d a y s _____ _____ _____
$ 2 ,3 1 3 ,3 1 3 ,2 0 0
45 1 ,0 2 6 ,2 1 3
S I ,82 7 ,1 1 3 ,3 8 7
3 8 0 ,4 9 7 ,0 9 2
+ 26.0
+ 18.5
T otal all cities, 5 d a y s ______________
$ 2 ,7 6 4 ,3 3 9 ,4 1 3
5 5 0 ,2 7 4 ,3 1 8
S 2 .2 0 7 ,611,079
43 2 ,7 2 9 .8 5 5
+ 25 .2
+ 2 7 .2
T otal all cities for w e e k ...........................
$ 3,3 1 4 ,6 1 3 ,7 3 1
S 2 ,04 0 ,3 4 0 ,9 3 4
+ 2 5 .5
-—
^
v
u y m e a u o v e w ill De
g iv e n n e x t S a t u r d a y .
W e c a n n o t fu r n ish th e m t o - d a y
c le a r in g s b e in g m a d e u p b y th e c le a rin g h o u s e s a t n o o n o n
S a tu r d a y , a n d h e n c e in th e a b o v e th e la s t d a y o f th e w eek
h a s to b e in all c a se s e s t im a te d , a s w e go to p ress F r id a y n ig h t.
W c p r e se n t b e lo w d e ta ile d figu res for th e w e e k endin<>- w ith
S a tu r d a y n o o n , S e p t. 18, for fo u r y e a r s .
Week ending September 18.
Clearings at-
1908.
Inc. oiDec
1907.
$
New York........... 2,277,891 ,8 8 9 1 ,660,225,973 + %7 . 1,5 7 7 ,0 1 2 ,0 4 0
3
2 ,0 9 2 ,4 9 9 ,4 3 4
I’hiladelplda . _
119,111,337
112,598,788 + 3 2 .4
1 31,175,572
140,400,385
Pittsburgh...........
-10,501,505 + 17.2
47,529 ,0 9 3
4 8 ,7 8 8 ,8 7 8
4 7 ,7 5 0 ,5 9 9
B altim ore_____
20,751 ,9 9 8
2 9 ,920,919 — 10.6
2 7 ,9 9 4 ,6 0 9
2 5 ,9 5 1 ,0 4 6
Buffalo......... ........
9,621 ,5 9 4
8 ,277,507 + 17.0
8 ,2 5 6 ,1 0 2
7 ,3 0 8 ,4 0 2
Albany..................
5,708,583
5 ,480,747
+ 5 .3
5 ,3 2 5 943
5,7 7 0 ,9 3 8
W ashin gton ___
0,262 ,7 4 2
5,0 3 1 ,1 0 0 + 24 .5
5 ,377,217
4,7 5 3 ,4 9 4
R ochester......... ..
3,73 9 ,1 5 5
3 ,4 1 0 ,4 0 6
+ 9.7
3 ,5 2 8 ,9 7 1
4 ,4 7 0 ,3 2 5
Scranton..............
2 ,379 ,3 0 9
2 ,1 4 8 ,0 1 0 + 10.8
2 ,0 5 1 ,0 3 5
2,0 3 7 ,7 9 1
S yracu se---------2,123,741
1,724,609 + 23.1
2,2 2 4 ,8 7 1
2 ,0 2 9 ,3 7 8
B ea d in g..............
1,614,933
1,178,197 + 3 7 .0
1 ,226,108
1,309,208
W ilmington.........
1,331,734
1,162,143 + 14.5
1 ,315,072
1,177,654
Wilkes-Barre . . .
1,433,209
1 ,079,095 + 32 .8
1,209,388
1,114,147
Wheeling -------1,543,064
+ 0.8
1 ,530,825
1,330,784
8 9 7 ,8 8 l
H arrisburg.........
1,415,661
1 ,281,768 + 10.4
1,150,184
1,0 4 9 ,3 0 8
Trenton .............
1,399,408
1,216,643 + 15.0
977,861
Y o r k ....... ............
704,902 + 38.7
7 9 5,165
837,478
E r ie ......................
580,348 + 42.8
7 3 2,998
589,210
479,080
Greensburg.........
750,000 — 30 .0
8 3 3,956
511,901
493,470
Altoona ................
501,318
— 1.6
479,900
Binghamton . . . .
455,300
+ 5.4
425,5 00
493,300
518,595
C h ester..... ..........
395,924
+ 5.9
4 0 4,005
546,556
280,000
F ran k lin ..............
2 6 4,328
+ 5,9
2 58,610
2 5 6,923
Total M iddle.. 2 ,513,984,5 0 0 1,8 8 0 ,4 8 0 ,5 3 5
Boston ________
161,032,570 138,150,807
P rovidence____
7,147,3 0 0
5 ,0 2 1 ,0 0 0
Hartford ______
3,275,7 5 2
2,9 9 8 ,2 6 3
New H aven .___
2,536,813
2 ,1 8 0 ,9 7 9
P o rtlan d ______
1,000,597
1,852,259
Springfield..........
2 ,100,0 0 0
1,822,233
W orcester_____
1,843,626
1,472,464
Fall Ittvcr_____
1,153,683
9 1 4,285
New Bedford___
1,229,131
701,982
Holyoke................
571,858
384,472
L ow ell........... ......
564,782
522,790
Total N ew Eng
183.356,118
154,624,534
C h ic a g o .......... .......
C in c in n a ti______
C le v e la n d ______
D e tr o it................. ..
M ilw aukee______
In d ia n a p o lis ____
C o lu m b u s ______
T o le d o ....................
P e o r ia ....................
Grand R a p id s ...
D a y t o n ...............
E v a n s v i l l e _____
K alam azoo . .
Springfield, 111..
A k r o n __________
F o rt W a y n e____
R o c k f o r d ______
L e x in g to n ______
South B e n d _____
Y 'oungstow n____
B lo o m in g to n ____
C an ton_________
Q u in c y ..................
Springfield, Q _._
D ecatur ...............
M ansfield_______
J a c k s o n .......... .......
D a n v ille ................
J ack son ville, 111.
Ann Arbor
Adrian . .
T o t. Mid. W est
San F rancisco___
Los A ngeles
S ea ttle ________
P o r t la n d _______
S pok ane.................
S a lt Lake C i t y ..
T a c o m a ________
O akland.................
H elena ________
S a cra m en to_____
San D ie g o .............
F r e s n o ....................
Fargo ....................
S t o c k to n ...............
San J o s e ................
Sioux F a lls..........
N orth Y akim a . .
B illin g s ________
T otal P a c ific ..
K ansas C i t y ____
M inneapolis_____
O m aha....................
S t. P a u l________
D en v er__________
S t. J o sep h ______
D es M oines..........
Sioux C ity ______
W ic h ita .......... ..
L in c o ln .......... .......
T opeka .................
D a v e n p o rt______
Cedar I t a p id s ...
Colorado Springs.
Pueblo ..................
F r e m o n t ...............
D u l u t h . . ...............
T o t.o th .W e st..
S t. L o u is...............
N ew O rleans____
L o u is v ille ______
H o u s t o n ...............
G a lv e s to n ______
R ichm ond _____
F ort W o rth _____
Savann ah .............
A tlan ta .................
N a s h v i l le ______
M e m p h is...............
N o r f o lk ________
B ir m in g h a m ____
A u g u sta .............«.
K n o x v ille .............
J a c k s o n v ille ____
C h a tt a n o o g a ___
C h arleston.............
L ittle R o c k _____
M obile ....................
O k la h o m a ______
M a c o n ....................
B ea u m o n t _____
A u s t i n ...................
V ic k sb u r g ______
T ota l Southern
T o ta l a l l ..........
O utside N . Y .
+ 18.3
+ 2 7 .2
+ 9 .3
+ 10.3
+ 2.0
+ 15.2
+ 25.2
+ 20.2
+ 74.3
+ 48.7
+ 8.0
140,884,207
6 ,6 5 4 ,7 0 0
2,99.1,747
2 ,4 0 5 ,8 8 8
2 ,2 3 6 ,5 4 4
2 ,0 1 1 ,3 4 2
1,570,272
871,100
742,090
400,097
408,941
153,817,363
7 ,0 0 8 ,1 0 0
3 ,1 0 8 ,2 1 3
2 ,2 6 9 ,2 6 6
1,806,914
1,825,334
1,000,780
781,211
624,067
494,011
4 7 3,425
CanadaM o n tre a l..............
T oronto _______
W innip eg..............
V an cou ver______
O t t a w a ________
Q uebec...............
H alifax .................
H a m ilto n _______
S t. J o h n .......... ..
C a lg a r y .................
V ictoria _______
L ondon .................
E d m o n to n ............
+ 18.0
1 6 7,373,988
173,888,684
T o ta l C anada.
+ 3 5 .3 1,8 2 2 ,1 4 5 ,4 0 8 2 ,3 4 0 ,9 5 1 ,9 1 0
Electric Railway Section
State and City Section
NO. 2309.
Week ending September 18.
business makes it especially incumbent that the legis
lative program outlined by him .should be carried into
effect. We referred last week to what he said on this
point in his speech before the Boston Chamber of
Commerce, and this week, in his speech at Des Moines,
he made much the same remarks, declaring that we
must “remedy as promptly as we can the defects in
the present regulation, in order that we shall not,
under the influence of prosperity, forget to insist that
we are not to return to former abuses.”
We regret to say that both the speech regarding the
Corporation and Income Tax and the address with re
lation to railway regulation and the Anti-Trust law
contain many disquieting features. In both he makes
it plain that what has already been done in the way of
regulation, restriction and interference, and the ex
tension of the powers of the Federal Government, is
only a prelude to what is to come. In defining his
attitude regarding the Income Tax Amendment, he
took particular pains to state that if this Amendment
be adopted, as he hoped it would, it would be possible
to “enlarge the corporation tax” so as to include a
proper burden on bondholders in corporations as well
as the shareholders. In another part of the same
speech he reiterated this declaration in more precise
language, saying that, through the Income Tax
Amendment, “it will be possible to add to our cor
poration tax the feature of imposing a tax on the
bonded interest in that corporation by a percentage
tax upon interest to be paid, thus reducing the amount
of interest which the corporation woidd pay to the bond
holders to the extent of the tax collected.” Thus, the aim
is clearly and unmistakably disclosed. The bond
holder is getting too much interest, and hence the
amount of the same is to be reduced through a Federal
tax. He averred that he was opposed to a general
individual tax except in times of great .national stress,
but the bondholder and stockholder in corporations,
THE FINANCIAL SITUATION.
Our financial markets have this week once more be they large or small, must somehow be reached and
been under the domination of political influences. mulcted. He made it clear that he would like to see
And as security values on the whole are on a high level, great fortunes reduced; still, he was forced to admit
the result on the Stock Exchange has been a weak and the proper authority seemed to be the State rather
declining market. The tide of business prosperity than the Central Government. An income tax, he
keeps rising higher and still higher, but in politics it thought, would never be very successful for this pur
would seem we are again falling upon evil days. pose, because of the difficulty of finding the income
Strangely enough, the very return of prosperity is upon which to impose the tax and the opportunity
being made the basis for the revival of the political that perjury will offer to escape it.
He wants the Income Tax Amendment adopted
movement and tendency which resulted so disastrously
nevertheless, because it will enable the Government
in 1907. President Taft is not only resuscitating
the Roosevelt policies and doctrines, but he is follow “to round out and perfect this corporation tax so as
ing in the footsteps of his predecessor in traveling to make it more equitable and so as to make it an
through the country from point to point and pro instrument of supervision of corporate wealth by Federal
claiming the features of these policies and urging their authority.” The Corporation Tax law even as it stands
“will give the Federal Government an opportunity
adoption.
to secure most valuable information in respect to the
This week the President made two very important
speeches, one at Des Moines, la., where he defined his conduct of corporations, their actual financial con
views regarding amendment of the Inter-State Com dition, which they are required to show in general
merce Law and the Sherman Anti-Trust Law, and the terms in a public return.” He also notes that “the
other at Denver, Colorado, where he discussed the law provides the means under proper limitations of
Corporation Tax law and urged the proposed Amend investigating fully and in detail their course of busi
ment to the Federal Constitution so as to grant au ness.” He does not hesitate to say, either, “that the
thority to Congress to levy a general income tax. In information thus obtained may be made a basis for
cidentally, he took occasion to declaim against great further legislation of a regulative character.” Thus
fortunes—some of the newspaper accounts say that every one can see what is coming. Remember that
he used the identical expression so often employed this remark is not made with reference to railroad
by Mr. Roosevelt, and spoke of “swollen” fortunes. corporations, but with reference to corporations in
As on previous occasions, he urged that the revival of general. There is to be further interference with the
OXJR CONVENTION NUMBER.
With to-day’s issue of our paper we send to our sub
scribers our “Bankers’ Convention” Section, reporting
the proceedings of the Convention of the American
Bankers’ Association held at Chicago last week. This
Convention number gives all the papers and addresses
read and delivered before the Convention, and also
the proceedings and discussions on the floor, includ
ing the deliberations of those two lusty auxiliaries of
the main body, namely the Trust Company Section
and the Savings Bank Section. Many of the papers
and addresses were of a weighty character, worthy of
the study and consideration of the general reader, and
by bringing them together in a special number the sub
scriber gets them in a shape most convenient for imme
diate use and future reference. The present number
of the “Bankers’ Convention” Section is by all odds
the largest ever issued by us, and we think it will also
be found unusually attractive by reason of the extra
fine paper used and the care taken to produce typo
graphical work of the best kind.
We wish also again to direct attention to the fact
that the present number contains, as a distinctive
feature, an historical review of banking in Chicago.
The author is Frederick W. Gookin, who, as has been
previously pointed out by us, possesses especial quali
fications for the task. Chicago ranks second only to
New York in financial strength, and it seemed desira
ble to have its banking history put in authentic form
while the facts were still available. No attempt, we
believe, has ever been made to cover the ground in
narrative form in such a comprehensive way as is done
by Mr. Gookin, and we think we are within the mark
when we say that to-day it is the best review extant
of Chicago’s banking history.
affairs of the citizen; his taxes are to be increased,
and his income and other business secrets are to be
revealed to the public gaze if he carries on business,
no matter how small, in corporate form.
in inter-State commerce shall, after a certain date,
continue to hold stock in a competing railroad. How
disturbing a provision such as this latter would be
can be judged when it is recalled that it would oblige
the New York Central to dispose of its West Shore line
The same thirsting for increased power, the same and the Lake Shore of its Nickel Plate.
desire to hamper and restrict individual activity, is
I he President would also have the law provide that
found in the President’s recommendations regarding hereafter no railroad company engaged in inter-State
the Inter-State Commerce Law and the Anti-Trust commerce shall issue any additional stock or bonds
Law. As the Inter-State Commerce Commission is or other obligations except with the approval of the
charged with more duties than it can perform, he Commission and at “a price not less than par for
would divide and distribute its functions and powers. stock nor less than the reasonable market value for
He would separate the executive and administrative bonds. ’ Every one can imagine what the
powers from the judicial ones. If he went no further progress would be in railroad work if no railroad
than this he would have an influential following company were allowed to issue stock hereafter at a
among thoughtful citizens, for under our theory of price less than par. Anticipating the objection that
government there is something incongruous in the the regulation of stock and bond issues is a function
combination of executive, administrative, judicial of the State and not of the United States, Mr. Taft
and prosecuting functions in one and the same body. expresses the opinion that it is “plainly within the
In dividing up these functions, however, it is not the power of Congress in dealing with inter-State railroad
purpose to yield up any of them, but to add still further companies that are organized as State corporations
to them and to extend and expand them. The Presi to insist that in order to maintain efficient instruments
dent declares that the Hepburn law does not meet of transportation the watering of stocks and bonds
requirements. One of the defects, he thinks, is the of them shall cease.”
delay entailed by litigation in Court over the correct
Mi. I aft frankly admits that his suggested amend
ness of the orders of the Commission. The Court ments will intrust to the Inter-State Commerce
appeal cannot be abolished because it is a Constitu Commission considerably more power even than that
tional right, hence he would create a separate Inter tribunal has at present. That, however, does not
State Commerce Court of five members which would deter him. Indeed, it is part of his policy, and
sit in Washington and which would be the only Court accordingly he thinks it sufficient to say that “we
to which petitions to set aside or nullify the orders have entered upon a course of regulating railroads, and
of the Inter-State Commerce Commission could be as the laws which we passed have not been as effective
made. Any single Judge would be allowed to issue fm the purposes as it was hoped, we must continue
an order staying the proceedings of the Commission to introduce amendments to bring about a law which
for only sixty days. Thereafter no injunction would will serve the purposes which we have.”
be permitted against the order of the Commission ^•JAs to the Anti-Trust Law, he inclines to the view
unless granted by the whole Court of five members.
that the way to make that law more effective is to
But the President would also give to the Commission narrow its scope somewhat, but he would not carry
the power to hear and entertain complaints against the narrowing process any further than that the law
unjust classification of merchandise for transportation. shall not include in its prohibition anything but a
Then he would give the Commission power to insti conspiracy or combination or contract entered into
tute complaints on its own motion. Just at present with actual intent to monopolize or suppress compe
he would not go so far as “to put down the bars en tition in inter-State trade. He would not let the
tirely and give the Inter-State Commerce Commission courts discriminate between reasonable and unreason
the absolute power to fix rates in advance and on their able restraint of trade. In conclusion, he argues
own initiative and without complaint filed and in that “it would probably seem wise to establish an
vestigation made.” He would, however, invest the accusatory bureau in the Department of Justice
Commission with authority to postpone the date that to institute prosecutions or violations of the Inter
any new rate or classification is to take effect, provided State Commerce Law and of the Anti-Trust Law,
that within thirty days of the date of the order a while it will be wise to continue the Bureau of Corpora
complaint be filed that such rate or classification is tions, enlarging its scope somewhat perhaps to main
unjust or unreasonable or provided that the Com tain the registration of corporations and the investiga
mission itself shall institute an inquiry into the reason tion into their operation so far as inter-State trade is
ableness or justice of such rate or classification. It is concerned.”
also proposed that the Commission may by order
Boiled down, the President’s scheme is simply a
suspend, modify or annul any changes in the rules or grasping out for more power and the calling into
regulations of the roads which in its estimation im requisition of all the different branches and depart
pose undue burdens on shippers.
ments of the Government to get the additional power.
He is ready to make one concession. He would No wonder he is moved to say: “When I look forward
allow the railroads to agree upon traffic rates, and to the next session and realize how much there is to
make contracts with respect to rates, provided they be considered, I tremble lest the session will not
are not pooling contracts and provided that such be long enough, and that it will not be possible to do
agreements shall receive the approval of the Com all that has been promised.” Unfortunately there is
mission. But he would insert a provision in the law nothing assuring to business interests in all this, but
prohibiting inter-State railroads from acquiring stock much to excite uneasiness and even alarm; and under
in competing railroads in the future. He would go the circumstances it is not surprising that the stock
further than that and provide that no railroad engaged market, that tell-tale barometer, should have mani
fested a weakening tone, while our jovial and good- only mean disaster. With the election of Mr. Ban
natured President was going through his performances. nard, any such risk would be obviated, for Mr. Ban
nard is not likely to embark upon a policy detrimental
to the city’s interests any more than he would enter
In local political circles there has been a develop
ment of a highly important character this week. The upon a course likely to imperil the stability of the trust
Republican Party has selected its candidate for Mayor company of which he has been the efficient executive
at the coming election, and has named Otto T. Ban- head for so long. Possibly the Democratic Convention
nard, the President of the New York Trust Co. Mr. will now also take conservative action and decline to
Bannard is pre-eminently fitted for the office, and pos accept Justice Gaynor. At any rate, the voter ,
sesses all the qualities needed for the discharge O its through the nomination of Mr. Bannard, is given the
f
onerous duties. That a man holding such an estab opportunity to vote for a man of the right sort. There
lished place in the community, and with such a suc fore we look upon his nomination as by all odds the
cessful business career, should be willing to stand up most important political and financial event of the
for election is in itself a most gratifying circumstance; week.
and that his party should have made such a wise selec
From whatever source came the buying of Lehigh
tion, at a time when it was peculiarly incumbent upon
Valley stock the past week up to the new high-record
it that it should act with wisdom, is greatly to its
credit. What furnishes particular cause for gratifica point of $113 per share, it is certain that the advance
tion is that up almost to the hour of the nomination brought out a great deal of stock, not a little of it in
the outlook for wise'and sensible action appeared very small lots from individuals who had long held the
shares. Philadelphia brokers, who executed the buy
dubious.
For a week or more there have been repeated con ing orders, say that the orders came from New York;
ferences between the leaders of the Republican organ but they are without knowledge of the persons or cor
ization and committees from various independent bod porations for whom the accumulation has been made.
ies and outside organizations, with a view to nominat Instances are cited of individuals who sold shares
ing a fusion ticket on which all those opposed to the above $100 which cost them $20 or $30 per share.
local Democratic organization might unite. Many of The volume of business was so great that the sales of
these outside bodies are controlled by cranks and nearly small holdings of individuals would not alone account
all number among their membership self-styled social for it, and hence it is surmised that the Reading, the
reformers, municipal-ownership advocates and devo Central Railroad of New Jersey and the Delaware
tees of all sorts of radical notions for turning things Lackawanna & Western may have disposed portions
topsy turvy and uprooting the existing order. Several of their holdings. The Reading has held 20,000 shares
times during these conferences, in which even the of Lehigh Valley, the Central of New Jersey has held
Hearstites were allowed to participate, it appeared 32,000 shares and the Lackawanna has held 37,000
likely that these radical elements would get the upper shares. Officers of the railroad companies interested
hand, and that, as a consequence,}the fusion ticket will not discuss the reports concerning the sales of
would be headed by a man like William M. Ivins. On these holdings. Philadelphia bankers who are usually
the other hand, Justice William J. Gaynor has already well versed in Lehigh Valley affairs intimate that the
announced himself as a candidate for Mayor, and it buying has been for the account of First National
has been taken for granted that the Democratic or Bank interests in New York. The Lackawanna financ
ganization would accept and endorse Mr. Gaynor. ing placed them in possession of a large amount of
In that contingency we would have had the same un money which they naturally wished to re-invest. As
fortunate situation that has so often arisen in the po the profits had been made in a carrier of anthracite,
litical world, where the voter has absolutely no choice Lehigh Valley would appeal to them as affording an
except as between two men both of the same type. opportunity for profitable employment of their capital.
Against the personal character of Mr.. Ivins and Mr. After selling up to $113 per share this week, Lehigh
Gaynor absolutely nothing can be said, but they are Valley stock dropped to $96, with the close
both extremists, and the triumph of either would be a yesterday $99^ .
triumph of radical policies and the application of
Cotton manufacturers to the number of nearly 300
principles to municipal affairs that might eventually
assembled in the ball-room of the Mount Washington
prove very disturbing. This dilemma and this dan
ger is averted by the nomination of Mr. Bannard. Hotel, Bretton Woods,N. H., on Wednesday and
Whoever the opposing candidate may be, the voter will Thursday of this week in attendance upon the 87th
not be limited to a choice between two radicals, for semi-annual session of the National Association of
Mr. Bannard stands for conservatism and soundness Cotton Manufacturers. This latest session, like the
sessions that have re«ently preceded it, developed
and is not possessed of any crank notions.
THe coming election is an important one. The can much of absorbing interest to those present, and it is
didate will be elected for four years, and the character to be noted that a generally encouraging tone was in
and policies of the successful nominee will have an im evidence. After the usual ceremonies incidental to
portant bearing upon the city’s credit. To maintain the opening of the meeting, Mr. Charles T. Plunkett,
this credit, and to raise it to a plane where the city the President of the Association, delivered his annual
will rank second to no other municipality on this con address, in which many topics were touched upon.
tinent, it is essential, in our estimation, not alone that He referred at length to the wanton destruction of
the city government during the next four years shall forests and strongly advocated Congressional action
be honestly and efficiently administered, but that it to put an end thereto. Tracing the course of cot
shall not enter upon a wild and fantastic scheme of ton spinning, he remarked upon the over-building
municipal ownership, the outcome of which could of mills in Lancashire the last three years,that has
resulted rather disastrously to the industry in Great
Britain. Informing his auditors of the progressive
methods in cotton manufacture abroad, he impressed
upon them the necessity of watching and not be
littling foreign competition.
The third report of the committee on “Standard
Specifications for Staple Gray Goods” was one of the
most interesting papers presented at the session. In
concluding the report, the committee stated that the
“Cotton Manufacturers’ Uniform Sale Note,” as ap
proved by the national and other associations, is now
in actual employment in the trade, and its use it is
expected will rapidly increase. Mr. Henry I). Martin
of Clinton, Mass., discussing the question of “In
creasing the Earning Capacity of a Plant,” noted that
it is first necessary to increase the efficiency of the
man upon whom everything depends. A machine,
he remarked, “cannot produce better results than
what the man puts into it. The returns are in pro
portion to the energy he injects into it. Machinery
is so skilfully made that it is almost human-like in its
responses to man’s dictates.” Mr. Theodore H. Price
of New York discussed at some length the “Limitations
of American Cotton Production as Affected by Scarcity
of Labor in the South,” illustrating his remarks by
lantern slides and presenting interesting statistics.
Other papers presented at the meeting were in con
siderable measure of a more or less technical nature.
Industrial conditions in the United States continue
to improve, and as a result there is a noticeable dimi
nution of the ranks of unemployed labor. The change
in the labor situation within a year has been in part
made possible by the let-up in the tide of immigration;
had this kept up on the scale prevailing before the
panic of October 1907, there would now be a different
story to tell. But soon after that event departures
of aliens became very large and immigrant arrivals
dwindled. Fortunately, too, there has been no decided
rush in this direction since signs of improvement in
our affairs became discernible. The returns for
August are now available, and they show that the
inward movement of immigrant aliens during August,
as we indicated a month ago would be the case, was
smaller than in the preceding month, but considerably
in excess of the small arrivals in August of last year.
The official total for the month this year is 59,777,
which compares with 66,218 in July and 27,782 in
August 1908. In August 1907, however, the arrivals
were 98 ,825. As in previous months the inflow was
largely from Mediterranean ports, Italians making up
the greater part of the total, and the movement of
Hebrews and Poles in this direction is still relatively
important.
For the eight months of the calendar year 1909 the
immigrant arrivals were 660, 118. This appears large
when placed alongside the meagre total of 248,008
for the like period of 1908, but is comparatively mod
erate by contrast with the 939,909 of 1907, or the 840,
287 of 1906. The aggregate is also fully 100,000 less
than in 1905 and not much greater than in 1904 or
1903. Besides the immigrant aliens the monthly
arrivals include aliens returning after temporary ab
sence abroad. These non-immigrant aliens (so they
are officially classed) totaled 12,215 in August this
year, against 11,824 in the month last year and 12,310
in 1907, and for the eight months numbered 127,888
and 80,151 and 110,954 respectively. The combined
immigrant and non-immigrant alien inflow in August
1909 was therefore 71 ,992, against only 39,606 in 1908
and 94,902 in 1907, with the eight months’ aggregate
reaching 788,006 this year and contrasting with
328,159 in 1908 and 1,050,813 in 1907.
Turning to the outward movement of aliens we find
the situation much the same as in earlier months—a
moderate volume of departures. The outflow of
steerage passengers in August was in fact only 24 ,000,
as compared with 45,713 in the month last year and
44,317 in 1907, and for the period from Jan. ltoA ug .31
it was 168, 118, against 437,067 last year] and 260,
515 two years ago. Striking a balance between the
inward and outward movements we find that, whereas
in August of the present year, there was a net increase
of 47,992 in foreign-born population, 1908 recorded a
loss of 6 , 107, and for the eight months of 1909 our net
gain is 619,888, against a decrease of 108,908 last year.
The excess for each period in 1907 was of course heavy
—66,818 and 790,348 respectively.
As for the current month (September) immigration
is proceeding at a greater rate than in August, but is
nevertheless of strictly moderate proportions. The
arrivals of steerage passengers at this port for the first
23 days of the month total 42 ,327, against 43,147 for
August this year, 56,635 for the whole country in
September 1908 and 115,287 for the month in 1907.
Departures, however, are much smaller than in either
1908 or 1907. It is likely, therefore, that the com
pleted figures for the month of 1909 will show a further
gain in population of about 50,000, which will contrast
with an increase in the month last year of 14,411 and
an excess of 71,553 in 1907.
An interesting event of the week of somewhat more
than ordinary importance was the purchase on Mon
day by Russia of $2 ,250,000 of the Capo gold which
was offered in the London bullion market on that day.
The gold was obtained at a concession of one penny
per ounce as to price, and neither the Bank of Eng
land nor British bullion dealers competed for the metal.
If this price shall be exacted next week, when a con
signment of $5 ,000,000 is expected to be offered, and
if the metal shall therefore be obtained by Russia,
without competition, it will seem to indicate either
that the Bank of England or British bullion dealers,
or perhaps both, are intervening to divert the gold
directly from London to St. Petersburg instead of, as
has on some recent occasions been the case, causing
Germany to contribute part of Russia’s requirements
for gold for crop distribution and thereby compel the
maintenance of a maximum rate of discount, influ
encing, to a greater or less extent, official rates at all
the European centres. If the Bank of England has
intervened in this particular case it has probably been
influenced by the expectation that it will be called
upon, in the immediate future, for the metal for
Egypt, and, possibly, South America, coincidently
with the usual autumnal drain. Quite possibly a
political crisis may develop through the threatened
rejection of the British Budget by the House of Lords,
and if this should occur, with discounts tense on the
Continent, the Bank of England, for self-protection,
might have to raise its rate, perhaps with widespread
deranging effect upon commercial expansion at least.
Cables from London note irregularity in gilt-edged
securities, reflecting prospects of higher discounts in
connection with the foreign demand for gold.
Expectations at the close of last week, based upon
reported conferences of the German Imperial Bank
directors, that the intended advance in the official
rate of discount would be deferred were not realized.
The directors on Monday of this week apparently
reached the conclusion that such advance could not
longer be properly postponed, the rise in the un
official rate to figures only fractionally lower than the
proposed 4% Bank rate clearly indicating the develop
ment of discount tension in the open market, which
would be aggravated were Germany to be subjected to a
further loss of the metal, despite the efforts of the
Bank of England to divert the drain of gold for
Russia from Berlin to London. The immediate effect
of the action of the Imperial Bank’s directors was gen
erally to harden European unofficial discounts. The
Berlin market was weak for Americans, the result of
a 5 % rate for money for the purpose of settlement.
It seems likely, according to official dispatches,
that the Spanish war against the Riff tribes in Morocco
will soon be ended. The Spanish land forces, sup
ported by warships, advanced on the Moorish posi
tions at Melilla on Monday. The enemy made but
slight resistance to the vigorous attack, which was
covered by artillery fire, resulting in great execution,
many houses being demolished. Some of these houses
exhibited white flags and many of the Moors and their
women and children sought refuge in a cemetery,
which was riddled with shrapnel. As a result of the
attack the Spaniards on Monday night held the penin
sula near Punta Negri and one thousand prisoners.
Dispatches from Madrid report that the demon
stration of the Spanish troops was eminently success
ful on Monday and Tuesday in attaining their offensive
object—the turning of Mount Guruga and the sur
rounding of the ferocious Beni-Sicar tribesmen. The
reports agree that the Moors showed fanatical courage.
Near Taxdir four battalions of Spanish troops were
deployed over a front of six miles; they were charged
audaciously by Arab horsemen, but a strong detach
ment of Spaniards checked them, and the movement
was successful, the Moors being finally routed, leaving
their dead on the field.
It was reported on Monday that the negotiation for
the Costa Rican loan for $ 10,000,000—which was being
tentatively arranged by the Government with a
prominent American bank, with the object of liqui
dating the country’s external debt that had been in
default since 1901—was likely to be postponed because
of the refusal of the Costa Rican Congress to assent
to the terms of the bank. The negotiations may be
abandoned by Oct. 1 unless the Congress meanwhile
takes action. Anticipating the settlement of the
original terms, which would enable all defaulted
bond issues to be refunded, there have recently been
large purchases of these bonds in foreign markets
where they are quoted.
It was stated in the “Chronicle” of Sept. 18 that
King George of Greece had announced his intention
to abdicate. In the absence of reasons therefor, the
matter seemed likely to be of only local foreign inter
est. It appears, though, from mail advices that the
intended action is the outgrowth of the recent mutinous
demonstration by a small part of the army. The royal
Princes resigned their commissions at the behest of
the mutineers and the Crown Prince departed for
Germany. The King decided to abdicate if certain
demands of the army were urged; it is suggested,
though, that this decision has been reached and
announced in order to deter the army from pressing
its demands too far and in this way bring about
intervention by the Powers. The hope is expressed
that there will not be such intervention. Their inter
ference in Greece hitherto has been unfortunate for
that country. They placed Otto on the throne, and
his rule was disappointing; they next gave the office
to King George, who has been a failure. Neverthe
less it seems probable that the Powers will interfere
should King George insist upon abdicating.
The matter of such abdication has had a disturb
ing effect upon the Paris Bourse, chiefly through fear
of intervention by the Powers. It is urged that it will
be impossible to find another Prince to succeed him;
that an interregnum or a republic would cause divisions
and give the Powers a pretense for intervening, and
that a disorganized Greece in the present state of the
near East would be a formidable danger. It is re
garded as possible, though, that the Paris Bourse is
taking the situation too seriously; it may materially
change after the holidays are over, and it seems not
impossible that the King may reconsider his intention
to abdicate.
The bank statement of last week showed a complete
reversal of reserve conditions as compared with the
previous week. Loan contractions last week seemed
responsible for the change, and it is suggested that
liquidation of foreign loan and finance bills which
were permitted to run to maturity without attempt
at extension will largely account for the loan reduc
tions shown in the statement. The reports of bank
average conditions did not indicate any marked
change except in deposits. The statement of actual
conditions, however, recorded a reduction of 30 mil
lions in loans and of 28 millions in deposits. Re
serves were increased $8 ,955,950, to $ 12, 122,050;
computed upon the basis of deposits, less those of
$ 1,799,500 public funds, the surplus was $ 12,571,925 .
Expectations last week based upon the rates for
domestic exchange on New York that the movement
of currency to the interior in aid of crop distribution
was nearing its end were not realized; the rate at
Chicago, after ruling at par early in the week, fell to
an important discount, while at other points, including
Montreal, no change was noted. The Vice-President
of one of the down-town banks which has a large list
of correspondents throughout the country this week
declared that there would be plenty of money to meet
the demands from the West and South for cotton and
other crop-moving purposes and for all legitimate
business needs during the remaining months of the
current year. The demand from the crop centres
has, he said, not been so great this year, and it is
probable that so much Eastern money will not be
required as heretofore, owing to the Western banks
being so well provided with funds that have been re
served for the crop-moving emergency. This official
further remarked that he didjnot anticipate any short-
age of money this fall, notwithstanding the high prices
of stocks; he claimed that there was a large amount
of French and British money that would seek invest
ment in American railroad and industrial securities
in which Europeans have confidence.
Money on call, representing bank and trust company
balances, loaned at the Stock Exchange this week at
3 % and a t 2%%, averaging about 3 %; all lending in
stitutions quoted 2%% as the minimum. Time money
was not active, but lenders were quite as insistent
as they were last week in refusing to quote concessions
from their established rates, especially for over-theyear maturities. Contracts for shorter fixed periods
are advanced as the due date approaches the closing
months of the year, and borrowers have to choose be
tween the shorter and the longer period, usually se
lecting the latter, which tends to concentrate the
business upon loans maturing in the first quarter of
the new year. Time loans on good mixed Stock Ex
change collateral are 3%% for sixty and 4 % for ninety
days. For loans maturing in from four to six months
the rate quoted on the Exchange is 4 % to 5 %. One
loan, on all industrial security, was placed by a casual
country lender at 4 %% for six months. Commercial
paper is in moderate demand; supplies are not accumu
lating, for Eastern, local and Western banks are in
the market for investments in choice names. Rates
are practically unchanged at 4 @4 %% for sixty to
ninety day endorsed bills receivable and 4%@5 % for
choice four to six months’ single names.
The Bank of England rate of discount remains un
changed at 2%%. The cable reports discounts of
sixty to ninety day bank bills in London 1%@2%%.
The open market rate at Paris is 2%% and at Berlin
and Frankfort it is 3 %@3%%. According to our special
cable from London, the Bank of England lost £ 903,211
bullion during the week and held £ 39,409,115 at the
close of the week. Our correspondent further advises
us that the loss was due mainly to exports to Egypt.
The details of the movement into and out of the
Bank were as follows: Imports, nil; exports, £ 1,011,
000 (of which £ 125,000 to Alexandria, £ 400,000 to
other Egypt and £ 360,000 to South America, £ 126,_
000 to various destinations), and receipts of £ 108,000
net from the interior of Great Britain.
dence that speculative selling of exchange had been
recently resorted to, short having been selected for
such operations, and that thereby this class of bills
had been largely oversold; market quotations for
short did not, however, appear to sustain this asser
tion.
Rates for exchange on Saturday of last week were
5 points lower for long, compared with the previous
day, at 4 8445@4 8455, 5 points higher for short at
4 8605 @4 8615 and 5 points for cables at 4 8630 @
4 8640. On Monday long fell 5 points to 4 8440 @
4 8450, while short rose 5 points to 4 8610@4 8615
and cables 5 points to 4 8635 @4 8645 . On Tuesday
long was 5 points lower at 4 8435 @4 8445, short
5 points at 4 8605@4 8610 and cables 10 points at
4 8625 @4 8635. On Wednesday long fell 10 points
to 4 8425@4 8435 while cables rose 5 points to 4 8630
@4 8635; short was unchanged. On Thursday long
was 5 points higher at 4 8425 @4 8440 and short 5
points at 4 8610@4 8615; cables were unchanged. On
Friday the market was dull and steady, with long;
5 points higher and short 5 points lower.
The following shows daily posted rates for sterling;
exchange by some of the leading drawers.
F ri.,
M o n ., Tues.,
W ed., Thiers., F ri.;
Sept. 17. Sept. 20. Sept. 21. S ep t.22. Sept. 23. S ep t.24.
B row n
/ 60 days
B rothers ....................\ S ig h t - .
K idder,
/GO days
P eab od y & C o.......... / S i g h t . .
B an k B r itis h ................. /GO days
N orth A m e r ic a ____/S ig h tB an k of
/ 60 days
M ontreal...................... /S ig h t
C anadian B ank
/GO days
of Com m erce............./ S i g h t . .
Ileld elb a ch ,
J60days
Ickelhelm er & C o . . / S i g h t . .
Lazard
/GO days
Freres .........................../ S i g h t . .
M erchants’ Bank
/GO days
of C an ada..................../ S i g h t . .
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
86
87 X
86
8 7 /4
86
8 7 /4
8G
8 7 /4
86
8 7 /4
86
8 7 /4
86
8 7 /4
86
8 7 /4
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
5 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
8 5 /4
87
Rates for exchange on Friday were 4 8430@4 8440
for long, 4 8605@4 8610 for short and 4 8630@4 8635
for cables. Commercial on banks 4 84@4 8410 and
documents for payment 4 83%@4 84 %. Cotton for
payment 4 83%@4 83%; cotton for acceptance 4 84
@4 8410 and grain for payment 4 84%@4 84%.
The following gives the week’s movement of money
to and from the interior by the New York banks.
Week ending Sept. 24 1909.
G old ................... ........... .....................
Received by
Shipped by
N . Y . H anks. N . Y . B anks.
N et Interior
Movement.
5 8 .4 0 0 ,0 0 0
1 ,400,000
$ 8 ,4 3 5 ,0 0 0 L oss
1,9 6 5 ,0 0 0 Loss
5 9 ,8 0 0 ,0 0 0
$ 1 0 ,4 0 0 ,0 0 0 Loss
$ 3 5,000
565,000
$ 600,000
The foreign exchange market was firm at the open
ing on Saturday and it was later influenced by a
With the Sub-Treasury operations the result is as
demand for remittance incident to covering of ma follows.
turing loan and finance bills. These are running off
Into
Out o f
N et Change in
Week ending Sept. 24 1909.
B anks.
B anks.
because of the indisposition of bankers to renew them
B a n k Holdings.
B a n k s’ Interior m o vem en t, as
00
1 0 ,4 0 0 ,0 0 0
6 00,000
in view of the indications of hardening of discount S ub-Trcas ury operat Ions______a b o.v e . $ 9 ,8 0 0 ,0 0 0 53 1 ,1 0 0 ,0 0 0 Loss 4$,0 0 0 ,0 0 0
.
2 7 ,1 0 0 ,0
Loss
rates abroad as the result of the advance in the official
5 3 6 ,9 0 0 ,0 0 0 5 4 1 .5 0 0 ,0 0 0 Loss $ 4 ,6 0 0 ,0 0 0
rate of the Bank of Germany at the beginning of the
The following table indicates the amount of bullion
week. The demand for short bills, as cover for
in the principal European banks.
maturing contracts, appeared to be well supplied, but
it was insufficient to meet the extraordinary and
Sept. 23 1909.
Sept. 24 1908.
Banks o f
Gold.
Silver.
Total.
Gold.
somewhat unexpected requirements, and rates frac
Silver.
Total.
£
£
£
£
£
tionally advanced; francs rose, reflecting a fall in ex E n g la n d -- 3 9 ,409,115
£
3 9 ,4 0 9 ,1 1 5 3 8 ,5 7 0 ,8 4 0
3 8 .5 7 0 ,8 4 0
F a n e ___
change at Paris on London, but marks were not Grermcany . 146,129,160 3 6 ,1 0 4 ,8 8 0 182,234,040 129,762,164 3 6 ,0 2 8 ,5 1 3 165,790.677
39,8 5 4 ,8 5 0 1 2 .381,550 52,2 3 6 ,4 0 0 4 3 .4 9 0 .0 0 0 1 3 .734.000
5 7 .2 24.000
ussia
affected, the rise in the German Bank rate having been R us.-H un. . 131,579.000 18 .1 9 0 .0 0 0 139,769,000 118,324,000 17 .5 9 1 .0 0 0 125,915.000
5 7 .541.000
A
2 .449.000 69.9 9 0 .0 0 0 48.5 0 2 .0 0 0
3 .121.000 6 1 .6 2 3.000
S p a in ____ 16.044.000 3 1 .5 7 3 .0 0 0 47.6 1 7 .0 0 0 15.718.000 3 3 .9 1 1 .0 0 0 4 9 .6 29.000
discounted, there were no arbitrage bills in evi I t a l y ____ 3 8.386.000 4 .4 0 0 .0 0 0 4 2 .7 8 6 .0 0 0 3 7 .0 3 3 .0 0 0 4 .5 0 0 .0 0 0 4 1 .5 3 3.000
N e th la n d s 10.526.000 3 ,0 8 4 ,8 0 0
,9 5 3 ,5 0 0
1 .7 22.000
4 .252.000
N at.B elg.
dence; traders between the two markets appear to be Sw ed en . . 4.3 8 3 .0 0 0 2 .1 2 6 .0 0 0 13,610,800 7 .7 6 8 ,5 0 0 3 .0 2 3 .0 0 0 16 .0 6 9 .0 0 0
6 .3 7 8 .0 0 0
4 .0 4 6 .0 0 0
2
4 .3 8 3 .0 0 0
4 .1 3 2 .0 0 0
4 .1 3 2 .0 0 0
4 .9 8 1 .0 0 0
4 .5 8 9 .0 0 0
doing little in cable transactions, awaiting develop S w ltz'land 4.9 8 1 .0 0 0
4 .5 8 9 .0 0 0
1 .787.000
N orw ay . .
1.7 8 7 .0 0 0
1.7 3 1 .0 0 0
1 .7 31.000
ments abroad which may possibly affect the inter T o ta l week 494.872.125 1 1 0,309,230 605,181 355 453,666,504 114,862,013 568,5 2 8,517
P rev .week 492,023,453^111,026,083^603,049,536 449,566,841 115,061,768^564,628,609
national market for securities. There was some evi
THE “HUDSON-FCJLTON CELEBRATION
The Hudson-Fulton Celebration, to which, with its
guests from other cities and countries, New York
begins to give itself up to-day, is in several ways a
curious event. It is not the exact tercentenary of
Hudson’s discovery of the river which bears his name—
that discovery occurred on Sept. 2 1609. Nor is it
a centennial in any sense of the birth and one great
achievement of Robert Fulton, who was born in 1765,
floated his first steamboat on the Seine in 1803, and
made his first long and successful passage from New
York to Albany, on the little steamer Clermont, on
Aug. 11 1807. It has been intimated that the Com
mittee of Arrangements selected first the centennial
year of Hudson’s discovery, combined with it as ap
propriate a celebration of Fulton’s achievement, and
then, in selecting dates, chose the period most pro
pitious, according to the weather records.
The occasion is curious and exceptional, also, in
hat it is not the celebration of an event generally recog
nized as epoch-making in history, such as Columbus’s
discovery in 1492, the Declaration of Independence in
1776 and the fall of the Bastile and the adoption of the
American Constitution in 1789. All of those four
events were natural occasions for celebration by the
world at large, on whose fortunes their direct influence
has been very great. Hudson’s discovery was not
even the beginning of the settlement of New York;
that came a good deal later. Neither did it, in the
long run, oven determine the actual ownership of
Manhattan Island, which was claimed by the Dutch
on the ground that Hudson sailed under a Dutch
charter and by the English on the ground that Hud
son was an Englishman. War eventually settled the
matter in favor of the English, notwithstanding the
long Dutch occupation, and Hudson himself, seeking a
“Northwest passage" to the coast of China—for
which, indeed, he was looking when he accidently
hit on the Hudson River—eventually perished in the
exploration of Hudson’s Bay.
The occasion is, however, in a peculiar way a cele
bration of New York City itself. This year is at all
events the three-hundredth anniversary of the dis
covery of Manhattan Island by the white man, and
the including of Fulton in the celebration has a certain
definite appropriateness, since the rise of New York
to international prestige and celebrity is a historical
consequence of the invention of the steamboat.
There were, it is true, numerous great ports which
rose to world-wide renown in the early days of sailing
vessels; Hamburg, Bremen and the other free States,
Venice, and London itself were noteworthy instances
in point. But these were primarily centres of ac
cumulated capital and wealth devoted to shipping
interests, with the view of distributing merchandise
among the neighboring ports and of exploiting pre
cisely such distant localities as New York. Steam
may be said to have been indispensable to New York’s
extraordinary rise in commercial prestige during the
century past, making this city the market which,
with its wonderful harbor and the extraordinary con
tinent behind it, naturally distributed to consuming
Europe the products of that continent—foodstuffs^
minerals and textile material—and re-distributed the
products of older Europe to the increasing millions in
the American communities. Looked upon from this
point of view, it is not too much to say that America
in general, and New York as the commercial avenue
into America, have provided a solution of the in
dustrial problems of the nineteenth and twentieth
centuries which baffled in their time such minds as
that of Malthus.
'
The occasion, then, makes timely a few words on
New York itself, and its place in the scheme of the
world’s industry, commerce and finance. The ready
participation of the event by the foreign States
who are represented in the celebration is in its way a
very distinct tribute to the new importance of New
York in the affairs of the world at large. We say new
importance, for it would perhaps be difficult to many
minds to realize in a moment how recent this position
of the city is. Fifteen or twenty years ago, the affairs
of New York, financial, commercial and economic,
were discussed in European capitals much as the
affairs of India, Australia and Japan are now-a-days
talked about. Lowell’s “certain condescension in
foreigners toward America" described not merely a
supercilious turn of mind which may have existed
towards a young and perhaps unduly self-assertive
community, but described also the actual conclusions
at which the foreign mind had arrived, by observation
and reflection on the position of the country. What
Dickens in the fifties and Mrs Trollope in the thirties
saw in the United States as a whole, and in New York
in particular, most people are aware.
This was long ago; but the crudities and provinciaqualities of the nation and the city survived long after
the day of these well-known visitors. It is impossible
even for New Yorkers to read to-day the intimate
story of New York in the Civil War and in the Sevenl
ties, without gaining very much such an impression
of our city at that time as was gained by those earlier
visitors. The change within the past generation has
been, perhaps, as striking as has ever occurred in so
short a time in the case of any of the world’s great
cities. It is not necessary to compare and contrast
such figures as those of New York’s volume of com
merce, bank exchanges, and so on, for the earlier
period and for to-day in order to point the contrast.
Perhaps as striking an illustration as could be obtained
off-hand will be found in Europe’s attitude toward our
financial panic of 1893, which certainly to the Ameri
can observer was an event of epoch-making pro
portions.
The London financial press and the European
economical societies discussed that financial convulsion
at the time in much the same way as they discussed
the panics in Australia and Newfoundland during the
same year. Our temporary suspension of bank fa
cilities, our premium on currency and our bid of an
excessive price for European gold, occurred that year
as they did in the similar episode of fourteen years
afterwards. But readers of well-informed foreign
publications, such as the London “Economist,” will
find, if they consult the files of 1893, that the episode
was described as a far-away incident which concerned
financial Europe only indirectly. The notion that
it was such an occurrence as could shake the founda
tions of Europe’s own financial structure obviously
never entered the minds of the foreign financial critics.
When one contrasts with this the European attitude
toward our panic of 1907, the intense financial agita
tion throughout Europe, the rise of European bank
rates to almost unheard-of figures, the direct negotia
tions in our behalf with the Bank of France, and the
grave recommendations from the Governor of the
Bank of England as to what our Government ought
to do to check this portentous phenomenon in world
finance, he will obtain the clearest picture of the
change which has come about.
This change, as we all know, began with the great
industrial revival in this country after 1897, and par
ticularly with the altered conditions of agriculture,
when a general rise of industrial prices favoring pro
ducers coincided with the European harvest shortage
and a phenomenal increase in the American crops.
This, and the very similar phenomena which fol
lowed in markets for America’s other natural products,
whether a result of the world’s greatly increased gold
output or, as other experts believe, of the threatened
depletion of available supplies of products essential to
the world’s use in food and manufacture—necessarily
brought America, with its extraordinary resources,
into the foreground of the commercial and industrial
world. The so-called “American invasion,” over
which European economists and statesmen agitated
themselves as far back as 1897, was merely the visible
and automatic outcome of the new conditions.
We are aware of the theory, very prevalent at one
time, that our nation’s show of fighting power in the
Spanish War was itself a main factor in the enhance
ment of our national prestige in the eyes of foreigners.
That episode, though in itself spectacular and suited
to impress the European imagination, nevertheless
must be classed as incident rather than cause. It was
itself the expression of the new power and resources
of America. The increasing recognition, since that
time, of America’s place as arbiter of the world’s mar
kets for wheat, cotton, copper and, in a measure,
iron, had nothing to do with the Spanish War, but a
good deal to do with the new advantages of our indus
trial position, our accumulating wealth and our bold
use of home and international credit. It was in con
nection with these elements in the situation that such
specially striking incidents of the period arose as the
organization of the steel and shipping combinations—
of which it may be said that they brought to a head
with spectacular suddenness the change in Europe’s
view of this city’s importance in the commercial and
financial organism.
It is natural that, on an occasion of this peculiar sort,
the mind should occupy itself in conjecture as to the
future of a city whose recent financial and industrial
history has been marked by so striking an evolution.
The popular idea of 1901 that New York, if it was not
already the central money market of the world, was
sure very shortly to become that market, is not nowa-days often heard. The reason, we suppose, lies in
the fact, pretty clearly demonstrated by the events
of the past half-dozen years, that, with all our increased
wealth, New York and the country at large are still
in a measure dependent on Europe for the capital
needed to promote our industries; that our currency
and banking systems are still too crude and imperfect
to admit of the possibility that deposits of outside
States and governments will be lodged in New York
City, and that our money markets and our financial
markets generally are still too much subject to im
pulsive and excitable speculation to invite unre
servedly the confidence of the outside world.
But to admit these handicaps at the present time
is not to prove that the future will bo similarly con
ditioned. London itself, in the matter of bank prac
tices and financial conservatism, is a very different
money market from the London of fifty years ago.
That defects and errors in our financial system and
our financial practices will be corrected as time goes
on, and that conservatism will become more and more
a dominant trait of character as the community
grows older, are probabilities to which the experience
of all other cities points. Meantime continuance of
the city’s great expansion in wealth and commercial
prestige is as certain as are the industrial opportunities
which lie at its doors. One may imagine, without any
very daring flight of fancy, the result, at some time
in the more distant future, of a financial metropolis
with a power and international prestige not paralleled
in previous history. These are predictions which will
naturally be governed or qualified by evonts which
have not yet unfolded themselves, and by influences
which cannot now bo foreseen; but thero remains,
under any circumstances, the notable fact of New
York’s peculiar position as the international gateway
to a country more than ever indispensable for its
natural resources to the needs of the outside world,
and immune, as no other foreign nation is, from the
disturbing possibilities of invasion or insurrection.
It is considerations of this sort which make a celebra
tion such as that of the coming week significant in
the broader sense.
M A R K E T EFFECT OF P E N N S Y L V A N IA
CONVERTIBLE BONDS.
The course of Pennsylvania Railroad shares in the
stock market affords an interesting study. The stock
has not been so buoyant during the bull movement
of this year as have a number of other issues of good
railroad shares with which the fluctuations in Penn
sylvania stock may be compared. The low price of
Pennsylvania in 1908 was 33 points below the high
price of the year 1907. This decline was not so great
as that suffered by a number of standard stocks.
Atchison common dropped 42 poinis, Baltimore &
Ohio 46 , Louisville & Nashville 58, New York Central
44 and St. Paul 54 . Most of this group would there
fore have to advance more than Pennsylvania above
the low price of 1908 in order to recover lost ground
and rise to the level of the top price of 1907. They
have, however, not only done this, but most of them
have risen to a level much above the top prices of 1907,
while Pennsylvania is only about six points above its
highest price for 1907. Atchison is ten points above
its high price of 1907.
The cause of the failure of Pennsylvania stock to
manifest strength which will comparo favorably with
that of other like issues cannot bo found in the state
ment of earnings of the Pennsylvania. It is true that
the trunk-line railroads suffered more than any other
group during the recent depression in business because
the iron and steel industry was so adversely affected
and because the great manufacturing establishments
of the East felt severely the stagnation in business.
But the Pennsylvania system has shown great re
cuperative power. Its loss of gross earnings in 1908
was partially overcome by a great reduction in ex
penses. On the lines directly operated east of Pitts
burgh and Erie for the year 1908 the net earnings
decreased $6,330,000. During seven months of the pany, and in addition the receipts of the company
present calendar year the net earnings of the same will be swollen' by the creation of new business which
lines have increased about $2,600,000, and the indi will naturally follow the completion of the improve
cations are that over $5,000,000 of the loss of net ments.
Apparently the weight which is holding down the
earnings in 1908 will be recovered this year. Conse
quently any lack of the stock in keeping pace with the market value of Pennsylvania shares is the issues of
general upward movement of the market cannot be convertible bonds,which aggregate nearly $120,000,
000. Of the original issue of $50,000,000 of 1902,
attributed to the business or profits of the country.
The Pennsylvania has made an expenditure of convertible into stock at $70 per share, par $50, there
approximately $100,000,000 for improvements in and was still outstanding at the beginning of this year
about New York upon which it as yet is receiving no $19,981,000. The conversions in 1907 amounted
return. Much of the money obtained for this purpose only to $7,000 and in 1908 to $12,500. Thus far this
was procured at the low interest rate of 3 ^ % . Bankers year the conversions have been about $19,000. Of
who are interested in the Pennsylvania Railroad say the issue of 1905 there is now outstanding $99,
that never was so great a railroad terminal project 614,000, the conversions of last year being only $1,000,
conceived as that undertaken by the late President and so far this year the conversions are but $1,000.
A. J. Cassatt, and never was such a plan so well and The original issue was $100,000,000. In order to
faithfully executed as was the task which devolved encourage conversions into stock all restrictions as to
upon President James McCrea. Within a year the time were removed. This issue is convertible at $75
Pennsylvania Railroad will be receiving some return per share.
The possibility of nearly $120,000,000 of bonds
upon the large amount of capital which it has in
vested in the New York improvements. About three- being converted into stock whenever the market value
fifths of the total passenger traffic of the Pennsylvania of the stock would make conversion attractive to the
on its Eastern lines is carried in or out of New York. holders of the bonds deters stock market operators
Probably by the time the improvements are completed from attempts to stimulate trading in Pennsylvania
this traffic will amount to over 40,000,000 passengers shares on the bull side of the market.
Bonds of the issue of 1902 may now be called at
per annum. If the Pennsylvania should exact an
additional fare of 10 cents for the use of its terminals , 102^, and those of the issue of 1905 may be called
and approaches from each passenger so carried, the after Dec. 1 1910 at par and interest. Under all of
additional revenue would be substantial. It has been these circumstances it will not be surprising if the
the practice of this company to add to the fare when financial plan of the Pennsylvania Railroad, which it
new facilities are afforded to the passengers. When is expected will soon be promulgated, will be broad
the road built its elevated line from West Philadel enough to provide for the retirement of the convertible
phia to Broad Street it added something to the cost bonds. The management would be justified in taking
of each ticket to and from Broad Street. When it this step because any financiering which will benefit
constructed a new bridge over the Delaware River the market position of the stock will be of advantage
for the use of its seashore trains 25 cents was added to the company.
to the cost of tickets good over the bridge route. So
it is expected that the company will derive some direct THE READING COMPANY’S SHOWING IN A
POOR YEAR.
return for the large outlay of capital which it has been
In summarizing the results of operations for the
making for several years for the New York improve
ments. The company being upon the eve of deriving fiscal year ending June 30 1909 (as presented in the
an income from its recent expenditures in New York, annual report submitted the present week), President
these outlays accordingly afford no reason now for George F. Baer ventures the opinion that, considering
the condition during the twelve months of general
lack of buoyancy in the stock.
It is stated by Pennsylvania Railroad officials that business in the United States, the showing of the Read
the free use of the Hudson terminals has largely in ing indicates a stability of revenue under adverse cir
creased the commutation business in and out of Jersey cumstances that is very encouraging. This opinion is
City. This was the object in view when the use of abundantly justified. In the preceding year the
the tunnel to the lower terminals was afforded without Reading had apparently suffered less from the unpar
any extra charge. So far as can be ascertained at the alleled business paralysis which passed over the coun
general offices of the railroad, no decision has yet been try during the latter half of that period of twelve months
made as to what, if any, charge will be made for the than other railroad systems, and it was noted at the
use of the company’s own tunnel and new depot fa time that the company appeared to have an advantage
cilities. The regular tunnel fare of five cents is not enjoyed by rail carriers generally, in the circum
charged to the Twenty-third Street terminal of th,e stance that it is so largely interested in the mining and
Hudson tunnel, and it is generally believed that the shipment of anthracite coal.
It is undeniably true that anthracite is a staple article
traffic to the Pennsylvania’s own depot, when com
pleted, will stand an addition of ten cents to the regu of consumption which is affected by business depression
lar fare. It is also believed that the up-town traffic less readily than the generality of goods and commodi
will rapidly increase when the improvements are com ties, and that the demand for it within certain limits
pleted, as the growing suburban population in New remains reasonably fixed and stable. As it happens,
Jersey will use the new depot to reach the shopping however, in the year under review there was a large
district during the day and the theatres by night. falling off in both the mining and transportation of
Whatever portion of the 40,000,000 passengers may anthracite, due to the fact that the markets had be
thus use the new depot and pay an extra fare therefor come over-stocked with coal, and doubtless also to the
will to that extent improve the income of the com further fact that two successive mild winters had
served to reduce the demand for anthracite for familyThe explanation of the falling off in passenger
use. Thus, this latest year was really a worse period revenues is found in the action of the Pennsylvania
for the company than the year preceding, since trade Legislature in passing a law in 1907 prohibiting rail
revival was not sufficiently pronounced to bring with road companies from demanding or receiving more
it any appreciable recovery in other items of traffic.
than 2 cents fare per mile. This law was on June 25
The truth is, the company really had a great variety 1909 declared unconstitutional as far as the Reading
of unfavorable factors to contend with, and scarcely is concerned, and President Baer sums up the results
any of the opposite nature. The gross receipts of the of this effort of the Legislature to compel railroads
Railway Company, which in the preceding fiscal year to carry passengers at non-compensatory rates in the
had been reduced only from $43,528,936 to $42,664, following words: “The result therefore of this legis
595, decreased in 1908-09 to $40,267,261. Analysis lation was that the company was obliged to conduct
of the figures shows that the loss was in considerable an expensive litigation and was compelled to operate
part due to the falling off in the coal business, but that its passenger business during the whole of the fiscal
there were also important reductions in other direc year ending June 30 1909, and for the nine months
tions. The tonnage of anthracite, which had increased previous thereto, at rates that were lower, according
from 13,223,780 tons in 1906-07 to 13,537,464 tons in to the evidence submitted to the Court, than the
1907- 08, fell in 1908-09 to 11,586,839 tons, thisservice justified and that were less than the Court
latter being a reduction of 1,950,624 tons, or over decided the company was legally entitled to
14%. But the bituminous toal tonnage of the Read charge.”
ing is hardly less important than the anthracite, and
But the company had still another drawback to
in this the falling off was comparatively small. In contend against. The so-called “other income” of
1907-08 the bituminous coal traffic had decreased'only the railway fell off during 1908-09 almost a million
from 11,190,250 tons to 10,816,439 tons, and in 1908 dollars, dropping from $1,762,057 to $770,715. Ac
09 there was a further moderate decrease, carrying the cording to the report, this falling off resulted princi
total down to 10,574,314 tons. It will be observed pally from the fact that, owing to the depression of
that for the two years combined the loss was only 615, business, the number of cars operated by the company
936 tons, or but 5)^%.
which were in use upon other lines of railroad was
This bituminous tonnage, as we have many times very greatly reduced, and to the further fact that the
pointed out, has been entirely built up within recent rate received by the company for the use of such cars
years, and the small decrease now disclosed shows that was reduced from 50 cents to 25 cents per day from
it is a source of great strength. Furthermore, in the and after April 1 1908- It remains also to be stated
development of the soft-coal tonnage we see revealed that as far as the coal-mining operations were con
some of the benefits that have accrued from the di cerned, conditions were adverse, aside from the fact
versification of the traffic of the system, to which the that the actual quantity of coal mined and shipped
management have devoted so much attention. At was so materially reduced. We mean by this that
the time of the reorganization of the Reading property, the cost of coal mined and purchased during the year
the amount of bituminous coal moved by the railway was 7.6 cts. per ton higher than for the previous year,
was comparatively small, the soft-coal traffic in 1896-97 while the price realized was only 9-10 of a cent per
having aggregated no more than 1,690,228 tons. In ton higher, so that there was a decrease in the net
the year under review, even after the decrease already amount realized of 6.7 cts. per ton.
noted, the aggregate, as we have seen, was 10,574,314
These various circumstances served to reduce not
tons. By reason of the way the soft-coal tonnage only gross earnings, but also net earnings, very ma
has been maintained, the revenue from the transpor terially in the case of both railway operations and
tation of coal (anthracite and bituminous combined) mining operations, notwithstanding the practice of
has shown relatively great stability, notwithstanding economy and the giving of great attention to efficiency
the shrinkage in the anthracite tonnage during the late in operations. As to the promotion of efficiency, it is
twelve months. In brief, the coal revenue for 1908-09 pointed out in the report that, while no new work of
was $17,698,227, against $18,577,272 in 1907-08 and any great importance was undertaken during the
$18,730,189 in 1906-07. Contrasted with the con year, no work that was necessary to keep the property
traction in the merchandise revenue, this is a mod up to a high standard of efficiency, either for its per
erate falling off. The merchandise revenue, after manent welfare or for its practical operation, was
dropping from $16,360,169 ip 1906-07 to $13,502, spared or postponed; and as to economy of operation,
925 in 1907-08, recovered only to $13,546,726 in the actual operating expenses, including the cost to
1908- 09.
replace rolling equipment, were reduced, it is
The passenger revenue also has been an element of noted, in about the same ratio as were the gross
strength by reason of its stability, but here likewise receipts.
the company has had unfavorable conditions to con
As a consequence of the diminution in net revenues,
tend with. The fact is the company has been in the Philadelphia & Reading Railway Co., all of whose
creasing its passenger business, but deriving de stock is owned by the Reading Company, was able
creased revenue from the same. The passenger re to pay to the latter aggregate dividends of only $5,
ceipts decreased from $6,399,172 in 1906-07 to $6,211, 000,000, against $6,000,000 in the preceding year.
933 in 1907-08, and in 1908-09 declined still further But as an offset to this, the company had a windfall
to $6,182,421. While the falling off is not very large, in the fact that on Jan. 4 1909 the Reading Iron Co.
it derives significance from the circumstance that the paid an extra dividend upon its capital stock to the
volume of the traffic, at least during the latest year, Reading Company of $1,500,000. The fact is, how
made a gain, the number of passengers carried having- ever, that the Reading took advantage of the oppor
increased from 23,948,164 to 24,878,186.
tunity afforded by this extra dividend distribution
by the Iron Company to increase its outlays for addi ITEMS ABOUT B A N K S , B A N K E R S A N D T R U S T CO.’S.
— T h e p u b lic s a le s o f b a n k s t o c k s t h i s w e e k a g g r e g a t e 2 6 2
tions and betterments, so that $1,805,722 was charged
against the income of 1908-09 for additions and better s h a r e s , o f w h ic h 2 3 2 s h a r e s w e r e s o ld a t t h e S t o c k E x c h a n g e
a n d 3 0 s h a r e s a t a u c t i o n . T h e t r a n s a c t io n s in t r u s t c o m p a n y
ments, against only $937,659 against the income of s t o c k s r e a c h a t o t a l o f 2 9 s h a r e s . S t o c k o f t h e N a t io n a l
1907-08.
B a n k o f C o m m e r c e w a s d e a l t in a t t h e S t o c k E x c h a n g e t o
The final result of all these operations is that the t h e e x t e n t o f 2 2 2 s h a r e s a t p r ic e s r a n g in g f r o m 1 9 5 t o 2 0 1 .
T en sh ares of
three companies combined, namely the Philadelphia & T h e c lo s i n g p r ic e la s t w e e k w a s 1 9 3
Reading Railway Co., the Philadelphia & Reading N a t i o n a l C it y B a n k s t o c k w e r e a ls o s o ld a t t h e S t o c k E x
Coal & Iron Co. and the Reading Company itself c h a n g e a t 4 3 0 , a n a d v a n c e o f 1 5 p o i n t s o v e r t h e p r ic e a t
w h ic h a s a le w a s m a d e l a s t w e e k .
show for 1908-09 a surplus above all fixed charges Shares. BANK S— New York. Low. H igh. Close. Last previous sale.
and extra outlays in amount of $9,041,915, against a ♦10 City Bank, N ational______ 430 430 430 Sept. 1900— 415
£232 Commerce, N at. Bank of, _ 195
201 198
Sept. 1909
193 35
similar surplus for 1907-08 of $9,448,753. As against
5 Import. & Trad. N at. Bank 545J4 54 5 >5 545J5 July 1909— 551
10 N ight & D ay Bank_______ 225
225 225
June 1908— 258
the surplus of $9,041,915, the call for the dividends
5 Park Bank, N ational______ 470 M 470 'A 470 35 July 1909— 468
TR UST COM PANIES— New York.
on the three classes of stock was only $5,600,000. The
..............................
5 Bankers’ Tr.C o.(with r’ts ). 1010 1010 1010
contribution of $472,669 to the general mortgage
14 N . Y . Life Ins. & Tr. C o _ --1100 1109
1100
Sept. 1909— 1116
351
Sept. 1909— 355
10 Trust Co. of Am erica--------- 351 351
sinking fund increased this amount to $6,072,669.
* Sold at the Stock Exchange, x Of this amount 222 shares were sold
Thus the surplus above interest charges exceeded
at the Stock Exchange.
by $2,969,245 (roughly 50%) the call for the divi
— E n t e r i n g i n t o t h e fu ll s p ir it o f t h e H u d s o n - F u l t o n c e l e
dends.
b r a t i o n , W a ll S t r e e t a n d i t s e n v ir o n s — B r o a d w a y , N a s s a u
In order to understand fully the favorable nature of a n d B r o a d s t r e e t s — h a v e p u t o n h o l i d a y d r e s s fo r t h e o c c a
this showing, it should be remembered that the bal s io n , a n d e v e r y w h e r e t h e e y e r e a c h e s , t h e b ig “ s k y s c r a p e r s ’
ance of three million dollars remains (1) after outlays, w h ic h h o u s e m o s t o f t h e d o w n - t o w n b a n k s , t r u s t c o m p a n ie s ,
a n d b a n k in g fir m s a r e r e s p le n d e n t t o - d a y w i t h d e c o r a t io n s .
as already stated, for additions and betterments to the T h e A m e r ic a n fla g c o m b in e d w it h t h e o ld t r a d in g fla g o f t h e
Railway lines of $1,805,722; (2) after allowing $1,172, D u t c h E a s t I n d i a T r a d in g C o . a r e t h e p r in c ip a l c o lo r s d is
205 for new work at the collieries of the Philadelphia p l a y e d . T h e b a n k in g h o u s e o f J . P . M o r g a n & C o ., o n t h e
& Reading Coal & Iron Co.; (3) after a contribution c o r n e r o f B r o a d a n d W a ll s t r e e t s is a l m o s t e n t i r e l y c o v e r e d
of $465,768 for the depletion of coal lands, and (4) w it h t h e D u t c h a n d A m e r ic a n c o lo r s a n d is in d e e d b e a u t if u l
t o lo o k a t .
A lt h o u g h d i s t a n t f r o m t h e s c e n e o f f e s t i v i t i e s ,
after a contribution of $472,669 to the general mort t h e d o w n - t o w n b u s in e s s d i s t r i c t h a s n e v e r b e f o r e m a d e a
gage sinking fund. Altogether, therefore, no less than m o r e e la b o r a t e d i s p l a y t h a n fo r t h e w e e k - lo n g h o l i d a y w h ic h
$3,916,364 has been deducted from earnings before b e g in s t o - d a y in t h is c i t y . T h e N e w Y o r k S t o c k E x c h a n g e
arriving at the surplus of $2,91)9,245, after allowing w ill b e c lo s e d t o - d a y t o e n a b le it s m e m b e r s t o e n j o y t h e b ig
for 4% dividends on the three classes of stock. It is H u d s o n R iv e r n a v a l p a r a d e , w h ic h w ill b e f o ll o w e d a t n i g h t
w i t h t h e il l u m i n a t i o n s .
B u s in e s s a t b e s t is lik e ly t o
proper to say that out of the $1,805,722 charged b e c a r r ie d o n i n t e r m i t t e n t l y d u r in g n e x t w e e k ’s p r o g r a m ,
against earnings for additions and betterments (against a n d M a y o r M c C le lla n ’s p r o c la m a t i o n fo r b u s i n e s s c o n c e r n s
only $937,659 the previous year), the sum of $1,464,459 t o o b s e r v e t h e w e e k a s a s e m i- p u b lic h o l i d a y w ill b e
represents expenditures in connection with the ele h e e d e d g e n e r a l ly w h e r e it d o e s n o t in t e r f e r e w it h t h e n e c e s
vation of the tracks of the Philadelphia Germantown s a r y b u s in e s s f u n c t i o n s .
O n T u e s d a y a n d T h u r s d a y a f t e r n o o n s , w h e n t h e h is t o r ic a l
& Norristown Ry. in Philadelphia and also those of a n d m il it a r y p a r a d e s a r e t o b e h e ld , m o s t o f t h e b a n k in g
the Richmond Branch. Deducting this sum from a n d b r o k e r a g e o f f ic e s w ill b e d e s e r t e d a n d a s m a n y e m p lo y e e s
the total charge for betterments and improvements a s c a n b e s p a r e d f r o m t h e w o r k in g f o r c e s o f t h e fin a n c ia l
leaves only $341,263 spent for other additions and i n s t i t u t i o n s w ill b e p r e s e n t a t t h e s e b ig p u b lic e v e n t s . T h e
betterments, as compared with $937,659 in the fiscal b a n k s , t o o , w ill c lo s e p r o m p t l y a t 3 o ’c lo c k , w h ic h w ill a llo w
t h e ir s t a f f s t o v ie w s o m e p a r t o r n e a r ly a ll o f t h e p a r a d e s
year 1907-08. The bulk of the $341,262 was used to a t t h e e n d o f t h e lin e o f m a r c h . T h e c a r n iv a l p a r a d e in t h is
complete work previously undertaken and only one c i t y w ill b e h e ld S a t u r d a y n i g h t , O c t . 2 , w h e n a ll m a y e n j o y
piece of new work of any consequence was started it w i t h o u t a n y p e r s o n a l in c o n v e n i e n c e . A v e r y p le a s a n t
r e m in d e r o f t h e f e s t i v i t i e s t o c o m e is t h e a p p e a r a n c e o f v is it o r s
during the year.
In 1907-08 and in 1906-07 we referred to the circum fr o m a ll o v e r t h e U n i t e d S t a t e s t o s e e t h e c o u n t r y ’s g r e a t e s t
fin a n c ia l d i s t r i c t , m o s t o f t h e m s e e k in g o u t t h e N e w Y o r k
stance that the various properties were adding only S t o c k E x c h a n g e , t h e “ C u r b ,” F r a u n c e s T a v e r n , t h e S u b
very slightly to their funded debt or were actually T r e a s u r y , t h e A s s a y O f f ic e , t h e b a n k in g h o u s e s o f in t e r n a t io n a l
decreasing it, notwithstanding the creation of some n o t e , t h e h o m e s o f t h e c i t y ’s b i g g e s t b a n k in g i n s t i t u t i o n s ,
new equipment trusts. The same remark still applies. t h e C le a r in g H o u s e , t h e N e w Y o r k C h a m b e r o f C o m m e r c e
Nominally there was a net increase in the funded in a n d t h e f a m o u s 4 1 - s t o r y S in g e r b u ild in g . E ls e w h e r e t h r o u g h
o u t t h e c i t y t h e b a n k s a n d t r u s t c o m p a n ie s h a v e lik e w is e
debtedness of the Reading Company during the d e c o r a t e d t h e ir b u ild in g s a n d s o m e o f t h e m t h e ir in t e r io r s .
twelve months of $2,378,000, but as $2,210,000 of T h e “ F u l t o n ” s t a t i o n o f t h e N e w Y o r k S u b w a y is f it t in g l y
this represents Railroad Equipment Trust certificates d e c o r a t e d w it h e le c t r ic li g h t s a n d fla g s in h o n o r o f t h e in
issued, all of which remain in the company’s treasury, v e n t o r w h o s e n a m e it b e a r s .
— O t t o T . B a n n a r d , t h e n o m in e e o f t h e R e p u b l i c a n P a r t y
the net additions, it will be seen, have been very
fo r M a y o r o f N e w Y o r k , is w e ll k n o w n t o o u r r e a d e r s a s t h e
slight. The company on June 30 1909 held altogether
P r e s i d e n t o f t h e N e w Y o r k T r u s t C o ., 2 4 B r o a d S t r e e t , w it h
$4,210,000 of equipment trusts unsold in its treasury. w h o s e s u c c e s s a n d e x p a n s i o n h e h a s b e e n s o a c t i v e l y i d e n t i
It also held $2,840,000 of its general mortgage bonds, f ie d . H e w a s a ls o t h e P r e s i d e n t o f t h e C o n t i n e n t a l T r u s t
which is but a trifle less than on June 30 1909, when C o . u n t il t h e c o n s o lid a t i o n o f t h e la t t e r w i t h t h e N e w Y o r k
the amount was $2,869,000. The Reading Company S e c u r it y & T r u s t C o ., w h e n t h e N e w Y o r k T r u s t C o . w a s t h e
increased its holdings of cash during the year from o u t c o m e . H is a b i l i t y a n d j u d g m e n t a s a b a n k e r a r c r e c o g
iz e
h
r
g
p
s
ce t
,
$2,724,865 to $5,308,111, the Philadelphia & Reading n le c tde da nt d o fisicbeu stinee scs i tty a in ifn a iris (ap a rutb liclaarslyu irtas np e r phleaxt in if
e
o
f
, h
’s a f
s
ic u
g
Railway Co. increased from $2,652,206 to $3,652,890, f in a n c e s ) w o u ld b e a b l y a n d c o n s e r v a t i v e l y a d m in is t e r e d .
while the Philadelphia & Reading Coal & Iron Co. M r. B a n n a r d , b o r n in B r o o k ly n f if t y - f iv e y e a r s a g o , w a s
g r a d u a t e d f r o m Y a le in 1 8 7 6 a n d C o lu m b ia L a w S c h o o l in
held in actual cash $358,768, against $451,362.
& C o.
R e t u r n in g t o ^ N e w ' Y o r k ,
w a s fo r s e v e r a l y e a r s P r e s i d e n t o f t h e Y a le A lu m n i A s s o c ia
fir m
Jam eson ,
t io n in N e w
k n o w n a s J a m e s D . S m ith
1878.
H o is a c lo s e p e r s o n a l f r ie n d o f P r e s i d e n t T a f t a n d
Y ork.
U n d e r M a y o r S t r o n g ’s a d m in is t r a t io n
of
S m ith
&
h e fo r m e d ^ th e * b a n k in g
C o ttin g ,
& C o.
w h ic h
la te r
becam e
M r. S m it h h a d b e e n a
M r. B a n n a r d w a s a m e m b e r o f t h e B o a r d o f E d u c a t i o n , a n d
m e m b e r o f t h e N e w Y o r k S t o c k E x c h a n g e s in c e 1 8 6 8 a n d in
h e h a s b e e n T r e a s u r e r o f t h e N e w Y o r k C o u n t y R e p u b l ic a n
C o m m i t t e e a n d a n a c t i v e m e m b e r o f t h e R e p u b l ic a n C lu b fo r
1 8 8 5 h e s e r v e d a s P r e s i d e n t o f t h a t o r g a n iz a t io n .
a m e m b e r o f t h e C o n n e c t ic u t G e n e r a l A s s e m b ly
m a n y y e a r s , b u t h a s p r e fe r r e d t o d e v o t e h is t im e t o t h e
a n d in t h e f o ll o w i n g y e a r w a s c h o s e n S t a t e T r e a s u r e r t o fill t h e
b u s in e s s i n s t i t u t i o n s
u n e x p ir e d t e r m
H e w as
in 1 8 8 1 ,
o f D . P . N ic h o ls , d e c e a s e d .
H e w a s a ls o
p h ila n t h r o p ic i n t e r e s t s r a t h e r t h a n p o l i t i c a l o f f ic e .
H e is
V ic e - P r e s id e n t o f t h e C h a r it y O r g a n iz a t io n S o c i e t y , T r e a s u r e r
P r e s i d e n t o f t h e S t a m f o r d C it y C o u n c il f r o m
1894 to 1897.
o f t h e P r o v i d e n t L o a n S o c i e t y , t r u s t e e o f t h e U n i t e d C h a r itie s
a n d h a d b e e n id e n t if ie d w i t h i t s m a n a g e m e n t s in c e i t s in c o r
B u ild in g a n d m a n y o th e r s o c ie tie s .
p o r a tio n .
w ith
w h ic h
Ik ; is
c o n n e c te d
and
to
M r. B a n n a r d is a m a n
H e w a s o n e o f t h e in c o r p o r a t o r s o f t h e S t a m f o r d H o s p i t a l ,
— O u r s p e c ia l e d i t i o n , t h e “ B a n k e r s ’ C o n v e n t i o n S e c t i o n , ’
in w h ic h a d e t a il e d r e p o r t o f t h e p r o c e e d i n g s o f t h e a n n u a l
c o n v e n t i o n o f t h e A m e r ic a n B a n k e r s ’ A s s o c ia t io n is g i v e n ,
is is s u e d
to -d a y a n d g o e s 't o
H e h a d b een a m em b er o f th e N ew Y o rk Y a c h t
C lu b fo r t h i r t y - s i x y e a r s , a n d w a s i t s C o m m o d o r e in 1 8 8 2 .
o f f o r c ib le c h a r a c t e r , m o d e s t a n d u n a s s u m in g .
a ll o u r s u b s c r ib e r s h e r e a n d
a b r o a d w i t h t h e c u r r e n t n u m b e r o f t h e “ C h r o n ic le .”
The
C o n v e n t i o n , w h ic h w a s in s e s s i o n la s t w e e k a t C h ic a g o , w a s
— L a th a m
A . F i s h , w h o r e t ir e d s o m e
m o n th s a g o a s a
m e m b e r o f t h e b a n k in g fir m o f M a c k a y & C o . o f t h i s c i t y ,
d ie d o n T u e s d a y in h is s i x t y - e i g h t h y e a r .
M r. F i s h w a s
b o r n in B r o o k ly n .
arm y.
D u r in g t h e C iv il W a r h e s e r v e d in t h e
A f t e r t h e w a r h e b e c a m e c o n n e c t e d w i t h t h e fir m
o f V e r m ily c & C o ., t o w h ic h h e w a s a d m i t t e d a s a m e m b e r in
o n e o f t h e m o s t im p o r t a n t o f t h e a n n u a l g a t h e r in g s o f t h e
1809.
a s s o c ia tio n , a n d
In
p a r t n e r s in t h e n e w fir m o f M a c k a y & C o ., c o n t in u in g w i t h
b y C h ic a g o — t h is
t h a t c o m p a n y u n t i l F e b . 1 .1 9 0 9 , w h e n h e r e t ir e d f r o m a c t i v e
v ie w
a ttra c te d
m ore th a n
u su a l a tt e n tio n .
o f t h e p r o m in e n t p o s it io n a t t a i n e d
W it h i t s d is s o lu t io n in
1905 b e b e c a m e o n e o f th e
y e a r ’s C o n v e n t i o n c i t y — w e h a v e m a d e it s f in a n c ia l d e v e l o p
b u s in e s s .
m e n t t h e s u b j e c t o f a n a r t ic le in t h e S u p p l e m e n t , h a v i n g p r o
c u r e d , in i t s p r e p a r a t io n , t h e s e r v ic e s o f a p e r s o n e s p e c ia lly
f it t e d fo r t h e t a s k — M r. F r e d e r ic k W . G o o k in o f C h ic a g o .
T h e u s u a l c o m p le t e f o r m o f r e p o r t in g t h e p r o c e e d i n g s o f
w a s a m e m b e r o f a n u m b e r o f w e ll- k n o w n c lu b s .
t h e C o n v e n t io n w h ic h w e h a v e a d h e r e d t o fr o m t h e t im e o f t h e
i s s u a n c e o f t h e fir s t n u m b e r o f t h e S u p p le m e n t in 1 8 9 8 , is
f o ll o w e d t h e p r e s e n t y e a r .
fo r
th e
e n s u in g
year
T h e o f f ic e r s o f t h e A s s o c ia t io n
are:
P r e s i d e n t o f t h e I r v in g
P r e sid e n t,
L e w is
E.
P ie r so n ,
N a t io n a l E x c h a n g e B a n k
of N ew
Y o r k ; V ic e - P r e s id e n t , F . O . W a t t s , P r e s i d e n t o f t h e F i r s t
N a t i o n a l B a n k o f N a s h v ille ; C h a ir m a n o f E x e c u t i v e C o u n c il,
W illia m L i v i n g s t o n e , P r e s i d e n t o f t h e D im e S a v i n g s B a n k o f
D e tr o it; S e c r e t a r y ( r e - e l e c t e d ) , F r e d . E . F a r n s w o r t h ; T r e a s
u r e r ( r e - e le c t e d ) , I ’ . C . K a u f f m a n . V ic e - P r e s id e n t o f t h e
F i d e l i t y T r u s t C o . o f T a c o m a , a n d A s s is t a n t S e c r e t a r y (r e
e l e c t e d ) , W illia m G . F it z w U s o n .
M r. F is h
w a s p r o m in e n t a s a y a c h t s m a n , a n d
— T h e K n ic k e r b o c k e r T r u s t C o . o f t h i s c i t y is r a p id l y d is
c h a r g in g t h e o b l i g a t i o n s t o t h o s e w h o w e r e d e p o s it o r s a t t h e
t im e o f r e o r g a n i z a t io n .
la s t— lo n g b e fo r e
th e d a te
g a n p a y i n g o ff t h e s u r p lu s c e r t i f ic a t e s , “ S e r ie s A , ” w h ic h r e p
resen t 30%
th e sa m e .
o f t h e d e p o s i t s , m a k in g a p a y m e n t o f 2 5 %
p a y m e n t w ill b e m a d e o n O c t . 2 9 .
O n th e la tt e r d a t e $ 3 0 ,0 0 0 , 0 0 0 w ill t h e r e f o r e h a v e b e e n r e le a s e d ; s o m e $ 2 5 , 0 0 0 ,0 0 0
w a s i n v o l v e d in t h e 7 0 % c e r t i f ic a t e s , w h ile in t h e 5 0 % p a y
m e n t o n t h e s u r p lu s “ A ” c e r t i f ic a t e s m o r e t h a n $ 5 , 0 0 0 ,0 0 0
w ill h a v e b e e n p a id .
— O n S e p t . 3 0 t h e N e w N e t h e r la n d B a n k a t 4 1 W e s t 3 4 t h
S tr e e t, b e tw e e n B ro a d w a y a n d F ifth
— T w o N e w Y o r k t r u s t c o m p a n ie s h a v e t h is w e e k a d o p t e d
t h e p o li c y o f q u a r t e r ly d i v i d e n d s in
th e fu tu r e in s te a d
of
s e m i- a n n u a l p a y m e n t s .
T h e U n ite d S t a te s M o rtg a g e &
T r u s t C o . h a s d e c la r e d a q u a r t e r ly d i v i d e n d o f G % , p a y a b l e
T h is is a t t h e r a t e o f 2 4 % p e r a n n u m , t h e s a m e
a s h e r e t o f o r e p a id .
T h e S t a n d a r d T r u s t C o . m a k e s it s
d is t r i b u t i o n 4 % q u a r t e r ly , p a y a b l e S e p t . 3 0 a t t h e r a t e o f
per a n n u m .
T h e a m o u n t p r e v i o u s l y p a id
w as
10%
y e a r ly .
th e p a s t s ix
s h o p p in g
and
A v e n u e , w ill p a y it s
t o s t o c k h o ld e r s o u t o f e a r n in g s fo r
m o n t h s e n d in g o n
r e c e n t e x p a n s io n
th e 3 0 th in s t.
o f b u s in e s s a c t i v i t i e s in
h o tel
d is t r ic t
and
d u r in g
th e
W it h
3 4 th
e ig h t e e n
th e
S treet
m o n th s
s in c e t h e a c c e s s io n o f J . A d a m s B r o w n t o t h e p r e s i d e n c y , t h e
b a n k h a s m a t e r ia lly in c r e a s e d i t s b u s i n e s s .
In
Jan.
1908
t h e r e w a s o n d e p o s it a t t h e N e w N e t h e r la n d B a n k $ 9 0 0 ,0 0 0 ;
t o - d a y t h e i n s t i t u t i o n h a s d e p o s it s o f $ 2 , 3 5 0 , 0 0 0 .
I t s c a p it a l
s t o c k is $ 2 0 0 , 0 0 0 , s u r p lu s a n d p r o f it s $ 2 2 2 , 0 0 5 a n d a g g r e g a t e
r e s o u r c e s $ 2 , 7 7 9 ,7 1 5 .
— L e e M c C lu n g , T r e a s u r e r o f Y a le U n i v e r s i t y , h a s b e e n
c h o s e n t o s u c c e e d C h a r le s I I . T r e a t , r e s ig n e d , a s T r e a s u r e r
o f th e
on
T h e c o m p a n y n o w a n n o u n c e s th a t a n o th e r 25%
i n i t ia l d i v i d e n d o f 2
10%
f ix e d u n d e r t h e r e o r g a n i z a t io n
p la n , n a m e ly A u g . 2 0 1 9 1 0 ; a n d o n A u g . 4 t h e c o m p a n y b e
— A N e w Y o r k S t o c k E x c h a n g e m e m b e r s h ip w a s r e p o r t e d
t r a n s f e r r e d t h is w e e k fo r $ 8 5 , 0 0 0 .
S ep t. 30.
T h e fin a l in s t a l l m e n t o n t h e c e r
t if ic a t e s r e p r e s e n t in g 7 0 % o f t h e d e p o s i t s w a s p a id in A p r il
U n it e d
S ta te s.
M r.
M c C lu n g ,
w ho
is a
n a tiv e
of
— T h is w e e k a n n o u n c e m e n t w a s m a d e in P h ila d e lp h ia t h a t
F.
W.
A yer,
P r e sid e n t
of
th e
M er c h a n ts’ N a tio n a l
B ank
o f P h i la d e lp h ia , a n d W illia m A . L a w , V ic e - P r e s id e n t o f t h e
K n o x v i l l e , is t h ir t y - n in e y e a r s o f a g e .
H e is a Y a le g r a d u a t e
o f t h e c la s s o f 1 8 9 2 , a n d h a s b e e n T r e a s u r e r o f t h e U n i v e r s i t y
s a m e i n s t i t u t i o n , h a d a c q u ir e d a la r g e in t e r e s t in t h e C h a t h a m
s in c e 1 9 0 4 .
H e is a d ir e c t o r o f t h e N a t i o n a l N e w H a v e n
B a n k a n d t h e P h o e n ix M u tu a l L if e I n s u r a n c e C o . o f H a r t f o r d .
The
T h e f o ll o w i n g a n n o u n c e m e n t c o n c e r n i n g h is a p p o i n t m e n t t o
t h e T r e a s u r e r s h ip o f t h e U n it e d S t a t e s h a s b e e n is s u e d
at
W a s h in g t o n :
Charles It. Treat, on account of business m atters, has tendered his
resignation as Treasurer, to tako effect the middle of October. The Secretery of the Treasury has asked him to remain until N ov. 1, at which time
Ills resignation will be accepted.
The President has selected Mr. Lee McClung, the Treasurer of Vale
University, to 1 1 the vacancy. Mr. McPlung’s home Is In Knoxville,
11
T enn., his present rcsldcnco, New H aven, being temporarily Incident to
the useful work he has been doing for Yale University. He was, previous
to this tim e, connected with the Southern K y., and expected, but for this
appointm ent, to return to Tennessee to go Into Ills fam ily’s business In
K noxville. The Treasury Department Is delighted to be able to secure
Mr. McClung's services, as he has been particularly successful In modernizing
treasury and accounting methods a t Yale University. Mr. McClung Is a
Republican.
— Jam es
D.
S m ith ,
an
e x -P r e sid e n t
o f th e
N ow
Y ork
S t o c k E x c h a n g e , a n d h e a d o f th e b a n k in g h o u se o f J a m e s
N a t io n a l B a n k a t B r o a d w a y a n d J o h n S t r e e t ,
sto c k
o f th e
C h a th a m
has
r e c e n tly
r is e n
N ew Y ork.
fr o m
$295
S e p t . 3 a n d $ 3 0 5 S e p t . 10 t o $ 3 0 5 p e r s h a r e o n S e p t . 1 7 .
A
c o n s o lid a t i o n o f t h e C h a t h a m w it h t h e P h e n i x N a t io n a l B a n k
a n d t h e M e r c a n tile N a t io n a l B a n k w a s r u m o r e d e a r l y in t h e
w eek
The
but
conkl
s y n d ic a te
of
not
be
w h ic h
c o n f ir m e d
M r.
A yer
at
and
e ith e r
M r.
bank.
Law
are
m e m b e r s a ls o in c lu d e s S y l v e s t e r C . D u n h a m , P r e s i d e n t o f t h e
T r a v e le r s I n s u r a n c e C o . o f H a r t f o r d , a n d
T . H e r r ic k o f O h io .
e x -G o v .
M yron
T h e C h a t h a m N a t i o n a l w a s o r g a n iz e d in
1 8 5 1 a s a S t a t e b a n k a n d b e c a m e a n a t io n a l b a n k in 1865>
c o n t in u in g u n t il t h e p r e s e n t t i m e w i t h o u t a c h a n g e in i t s
c a p it a l o f $ 4 5 0 ,0 0 0 (p a r v a lu e $ 2 5 p e r s h a r e ) .
I t s s u r p lu s
o f $ 1 , 0 2 4 ,9 6 8 h a s b e e n e a r n e d a n d i t h a s a ls o p a id t o s t o c k
h o ld e r s in d iv i d e n d s s in c e 1 8 0 5 o v e r $ 2 , 5 0 0 ,0 0 0 , o r a b o u t
1 3 % y e a r l y fo r t h e e n t ir e f o r t y -f o u r y e a r s o f i t s e x i s t e n c e .
G eo rg e M . H a rd h a s b e e n P r e sid e n t o v e r tw e n ty - fiv e y e a r s .
— C h a r le s N . M a t t h e w s , C a s h ie r o f t h e F i r s t N a t io n a l B a n k
S m i t h & C o . o f 71 B r o a d w a y , d ie d a t h is h o m e in S t a m o f L o u is v ille , K y . , d ie d s u d d e n l y a t h is h o m e o n t h e 1 8 t h
M r. M a t t h e w s , w h o w a s f if t y - f o u r y e a r s o f a g e , h a d
f o r d , C o n n ., o n t h e 2 1 s t i n s t .
M r. S m i t h w a s b o r n o n i n s t .
D.
N o v . 2 4 1 8 2 9 in E x e t e r , N . H .
As a you n g m an he cam e
been
id e n t if ie d
w ith
th e
in s tit u tio n
fo r
th ir ty -tw o y e a rs,
t o N e w Y o r k , e n t e r in g t h e e m p l o y o f t h e d r y g o o d s h o u s e
a n d , i t is s t a t e d , w a s it s s e c o n d o l d e s t e m p l o y e e in p o i n t o f
o f H o y t, S p ragu e & C o.
S u b s e q u e n t l y h e w e n t t o L o u is
v il l e , K y . , w h e r e h e w a s a p a r t n e r in t h e fir m o f J a m e s L o w
s e r v ic e .
year.
H e w a s e le c t e d t o t h e C a s liie r s h ip e a r l y t h e p r e s e n t
B X m ic ta ry lC a m m c rc i a t g n g l i
\
E n g l i s h F i n a n c i a l M a r k e t s — P e r C a b le .
T h e d a il y c lo s i n g q u o t a t i o n s fo r s e c u r it i e s , & c ., a t L o n d o n ,
a s r e p o r t e d b y c a b le , h a v e b e e n a s f o ll o w s t h e p a s t w e e k :
London.
Week ending Sept. 24.
Sat.
Mon.
Tues.
Wed.
Thurs.
Frl.
1.
Silver, per oz___________ < 23 %
23 %
23)4
23 11-16 23 11-16 23 11-16
Consols, new, 2J4 per cents. . 83 7-16 83 5-16 83)4
83
83)4
83%
For account....................... - S3 %
83 5-16 83 3-16 S3%
83
83)4
French Rentes (In Paris), fr . 97.47% 97.50
97.37)4 97.45
97.45
97.45
Amalgamator Copper Co___ - 86%
85%
87)4
86)4
86)4
85)4
b Anaconda Mining Co____. 10
10)4
10%
10%
10)4
10)4
Atchison Topeka A SantaFe .124
123)4
122)4
121%
123%
123)4
Preferred............................ ■107)4
107)4
107%
107%
107)4
107)4
Baltimore A O hio... ........ 121%
121)4
122
120)4
120%
121)4
Preferred______________ ■ 97)4
97%
97)4
97)4
97)4
97%
Canadian Pacific................ .. .188
187%
187%
188
189)4
188)4
Chesapeake A Ohio_______ ■ 85)4
85%
S5)4
86)4
86)4
85)4
104%
104%
Chicago Mllw A St Paul___ 168)4
169
167
166
Denver A Rio Grande_____ 49)4
49
48%
49)4
49)4
49)4
Preferred______________. 88)4
88%
88
88)4
88)4
88)4
E rie_______ ____ _______ 37 X
37»
35%
36)4
36)4
35%
53%
First preferred_________ ■ 54)4
54)4
55
54)4
53)4
43)4
44
Second preferred_______ . 44)4
44)4
43%
43)4
159
159
159
157
Illinois Central______ ____ .158)4
156%
159
157
Louisville A Nashville_____ .100
157)4
156%
158)4
43
43
Missouri Kansas A Texas__. 43 X
43
42%
42%
Preferred______________. 77
77
77
76
76)4
76
61
61
61)4
Nat RR of Mexico, 1st pref . 61
01
60%
26
Second preferred---------- - 25)4
25)4
20%
25%
25%
142
N Y Central & Hudson ltlverl42>3
141)4
140%
139%
111)4
50)4
50)4
N Y Ontario A Western---- ■ 51%
52
51
50%
97)4
97)4
98
97
Norfolk A Western---------- - 97)4
97
Preferred...........— .......... 94)4
94)4
94)4
94%
94)4
93%
163)4
161
Northern Paclfle--------------- .161
163)4
163)4
160%
a Pennsylvania___________. 75
74)4
75%
75%
7454
75%
a Reading.........— ............... • 87)4
88)4
87)4
80
87)4
85%
47%
47)4
47)4
a First preferred________- 47%
47%
47%
52
52
a Second preferred--------- . 52
52%
52)4
51%
Rock Island......... ............... . 41X
40)4
40)4
39%
40%
39%
135
134)4
Southern Pacific__________ .131)4
134)4
132%
131%
Southern Ry.......................... ■ 32)4
32)4
32)4
32
32)4
31%
73
Preferred______ _______ . 72)4
72%
73)4
73%
72
213
210).,'
Union Pacific____ _______ .212)4
208%
211%
208%
112
111
Preferred_________ ____ 112)4
110)4
109
108%
United States Steel Corp___ • 86)4
86)4
87)4
86%
86)4
80%
132
132
Preferred______ ______ _.131
132%
131%
132
21
Wabash --------- -------------- . 21)4
21
21)4
20%
21)4
52
52
Preferred........................... . 52
52
53%
51%
77
77 ,
Extended 4s...................... • 77)4
77%
77
77
a Price per share.
6 j sterling.
£
Commercial aiul g^iscrXtammxsgtems
A u c t i o n S a l e s . — A m o n g o t h e r s e c u r it i e s t h e f o ll o w i n g , n o t
r e g u la r ly d e a l t in a t t h e B o a r d , w e r e r e c e n t l y s o ld a t a u c t i o n .
B y M e s s r s . A d r ia n H . M u lle r & S o n :
Stocks.
Stocks.
4 Continental Ins. Co............... 1620
1,000 Ohio Copper Co., $10en_$4% pr.sh
4 Continental Ins. Co................1626% 1,500 Butte Coalition Mining Co.,
4 Fidelity Fire Ins. Co.............341 %
$15 each...................$26% per sh
5 National Park Bank............. 470%
14 N. Y. Life Ins. A Tr. Co. 1100-1109
5 Imp. A Traders’ Nat. B k .. 545%
10 Trust Co. of America_____ 361
5 Title Ins. Co. of N. Y _____ 151
Bonds.
28 City Investing Co. common. 60
$700 Southhampton Horse Ass’n
10 Night A Day Hank...............225
Incomes, 2002----------------------- $10
5 Bankers’ Tr. Co., wlthrlghtslOlO
20StandardCouplerCo.com . 29 % $100 Shlnnccock Hills Golf Club
5s, 1928.............................
7 Broadway Safe Dep. Co__ 16
$100 Shlnnccock Hills Golf Club
10 Nat. Bank of Commerce__ 201
Incomes, 1998...........................
$25
9,850 United Copper Co. common. 10
$200 Meadow Club Incomes, 1946. $25
720 United Copper Co. pref----- 30
D IV ID E N D S .
T h e f o l l o w i n g s h o w s a ll t h e d i v i d e n d s a n n o u n c e d fo r t h e
f u t u r e b y la r g e o r i m p o r t a n t c o r p o r a t io n s :
D iv id e n d
a n n o u n c e d th i s w e e k a r e p r i n t e d i n it a l i c s .
Name o f Company.
Railroads (Steam).
Alabama A Vicksburg, common.................
Ashland Coal & Iron Ilv...........................
Atlantic Coast Line ItR., preferred...........
Beech Creek, guaranteed (quar.)_____
Belt RR. A Stock Yds., Ind., prej. (quar.).
Boston & Albany (quar.)...........................
Boston A Maine, com. (quar.) (No. 176).
Canadian Pacific, common.........................
Common (extra).......................................
Preferred ........................... ......................
Central RR. o f New Jersey (q u a r.)...........
Chesapeake A Ohio (quar.).......................
Chicago Burlington A Quincy (quar.)___
Chicago & Eastern Illinois, pref. (quar.).
Chicago A North Western, pref. (quar.)
Chicago Rock Island * Pacific (quar.)..
Cleveland Akron & Columbus..................
Cleve. Cin. Chic. A St. L., pref. (quar.)..
Colorado A Southern, first & second pref.
Evansville A Terre Haute, common____
Preferred ________________________
Georgia RR. A Banking (quar.)...............
InterDorough Rapid Transit (nuar.)___
Joliet & Chicago, guar, (quar.)________
Kansas City Southern, preferred (quar.).
Maine Central (quar.)________________
Manhattan Ry. (quar.) (No. 102)_____
Minn. St. Paul & S.S.M., com. (No. 13)..
Preferred (No. 13)...................................
Leased line certificates...........................
Newark A Bloomfield, guaranteed_____
New Orleans A Northeastern.......................
N. Y. Central & Hudson River (quar.)..
N.Y.Lackawanna & West., guar, (quar.)
N. Y. New Haven A Hartford (quar.)..
Plttsburgh Bessemer A Lake Erie, com ..
Pitts. Ft. W. & Chicago, spec.guar, (qu.)
Regular, guaranteed (quar.)................
Pitts. Youngstown * Asht., com. & pref.
Railroad Securities Co., preferred_______
Reading, second preferred.........................
Per
Cent.
When
Payable.
Books Closed.
Days Inclusive.
7
50c. Sept. 25
2% Nov. 10 Nov. 1 to Nov. 9
1
Oct.
1 Holders of rec. Sept. 23
1
iSept. 30 Holders of roc. Aug. 31
1 Holders of rec. Sept. 15
i% /Dct.
3
Oct.
1 Sept. 2
to
Oct. 6
1 Sept. 2
to
Oct. 0
% ,Oct.
2
Oct
to
Oct. 6
1 Sept. 2
2
Nov.
1 Holders of rec. Oct. 22
1
Sept. 36 Holders of rec. Sept. 11a
2
1 Sept 26 to Oct. 3
Oct.
1 Holders of rec.Sept. 16a
1% Oct.
2
.Oct.
1 Holders of rec. Sept. 17
1 Holders of rec. Sept. 20
1% Oct.
Sept. 25 Holders of rec. Sept. 15a
2
1% Oct. 20 Holders of rec. Oct. 1
2
1 Sept. 19 to Oct. 1
.Oct.
Nov.
1 Holders of rec. Sept. 18
4
2%/i Oct. 15 Holders of rec. Sept. 22
2% Oct. 15 Oct. 2 to Oct. 14
1 Holders of rec. Sept. 18
2% Oct.
4 Holders of rec. Sept. 25
1% Oct.
Oct. 15 Holders of rec. Sept. 30
1
1 Holders of ree. Sept.15a
Oct.
2
1 Holders of rec. Sept. 15
1% Oct.
Oct. 16 Holders of rec. Oct. 1
3
3)4 Oct. 16 Holders of rec. Oct. 1
1 Holders of rec. Sept. 20
Oct.
2
1 Sept. 23 to Oct. 1
Oct.
3
5
i% Oct. 15 Holders of rec. Sept. 22
1 Sept. 16 to Oct. 1
i% Oct.
Sept. 30 Holders of rec. Sept. 15
2
1 Holders of rec. Sept. 15
1% Oct.
1 Sept. 16 to Oct. 1
1% Oct.
5 Sept. 12 to Oct. 5
1% Oct.
3% Sept. 25 Holders of rec. Sept. 15
1
2
Nov. 10 Holders of rec. Oct. 23
2
Name o Company.
Railroads (Steam) Continued.
St. Louis A San Francisco—
Chic. A East. III. pf. stk. tr. ctfs. (qp.)
K. C. Ft. S. A M. pf. stk. tr. ctfs. (qu.)
Southern Pacific, com. (quar.) (No. 12)..
Southern Ity., M. A O. stock tr. ctfs___
Toledo St Louis A Western, preferred..
Union Pacific, common (quar.).................
Preferred .................................................
Utica A Black River, guar...........................
Vicksburg Shreveport A Pacific, pref.........
Warren, guaranteed.....................................
West Jersey & Seashore...........................
Wisconsin Central, preferred (quar.)____
Street & Electric Railways.
Amer. Cities Ry. A Lt., pf. (qu.) (No. 13)
Bangor Ry. A Electric (quar.) (No. 17)__
Brooklyn Rapid Transit (quar.)...............
Capital Tract., Washington, D. C. (quar.)
Chicago City Ry. (quar.)...........................
Cin. A Hamilton Tract., com. (quar.)___
Preferred (quar.)......................................
Cincinnati Street Ry. (quar.)...................
C liuRy., Dayton. ()., com. (quar.).............
Preferred (quar.) .......................................
Col. (O.) Newark A Zanesville, pref (qu.).
Columbus (O.) Railway & Light (quar.)
Dallas ElectricC„rporalion, 1si pre (No. 1)
Second preferred (No. 5) . . . ..................
Duluth-Suncrlor Traction, com. (No. 1)
Preferred (quar.).....................................
Halifax Elec. Tram.,Ltd. (quar.) (No. 51)
Houghton County Traction, common..
Preferred (No. 3).....................................
Louisville A Nor. Ry. A Ltg., pf. A (qu )
Preferred B (quar.)................ ..................
Louisville Traction, common (quar.)----Preferred .....................................- .........
Manila El. RR. A Lt. Corp., com. (qu.)
Northwestern Elevated (Chicago), pref..
Philadelphia Traction.................................
Portland Ry.,Lt.APow.,pf.(qu.) (No. 13)
Public Service. Corporation o f N . J . (quar.)
llldge Avo. Pass., Phlla. (quar.)...............
Rio de Janeiro Tram L. A
Ltd. (No. 1)
St. Joseph Ry., L., II.A Pow., pf. (qu.)
Sao Paulo Tram.,Lt. A Pow.,Ltd. (quar.)
Seattle Electric Co., common...................
Preferred (No. 18)_________________
Stark Electric RR. (quar.)...........................
Syracuse Rapid Transit, pref. (quar.)_Toronto Railway (mtar.)...........................
Tri-City Ry. A Light, pref. (quar.)____
Twin City Rap. Tr., Minneapolis,pf.(qu.)
Union Ry. Gas A Electric, preferred...........
Union Traction of Indiana, preferred___
United Rys. o f St. Louis, pref. (quar.)----United Trac. A Elec., Providence (quar.)
Washington Water Pow., Spokane (au.)_
West End Street Ry., Boston .common..
West India Elec. Co., Ltd. (quar.) (No. 7)
Winnipeg Electric Ry. (quar.).................
Banks
Century (quar.).............................................
Chatham National (quar.) (No. 155)___
Chelsea Exchange (quar.).........................
Citizens' Central National (quar.)...............
Coal A Iron National (quar.)...................
Colonial (quar.)............................................
Commerce, National Bank of (quar.).........
Fifth Avenue (quar.)..................................
Fourth National (quar.)...............................
Garfield National (quar.).............................
Hanover National (quar.)_____________
Irving National Exchange (quar.)...............
Liberty National (quar ) ________ ______
Manufacturers' National, Bklyn. (quar.)..
Market A Fulton National (quar.)______
Mechanics’ National (quar.).....................
Metropolitan (quar.)...................................
$90
Nassau National, Bklyn. (quar.)...............
New Netherland...........................................
Nineteenth Ward (monthly) (No. 3 9 ).. .
Park, National (quar.).................................
Prospect Park, Brooklyn (quar.).................
Second National (quar.).............................
Washington Heights, Bank o f (quar.).........
Trust Companies.
Brooklyn (quar.)...........................................
Central (quar.).............................. .............
Columbia (quar.).........................................
Equitable (quar.)...........................................
Fifth Avenue (quar.)...................................
Guaranty (quar.).........................................
Lawyers’ Title Ins. A Tr. (qu.) (No. 44)
Long Island Loan A Trust, Bklyn. (qu.).
Mercantile (quar.).......................................
Metropolitan (quar.) (No. 51)...................
Morton (quar.).............................................
Mutual o f Westchester County (quar.).........
New York (quar.).......................................
Standard (quar.)...........................................
Title Guaranty A Trust (quar.)...................
Trust Co. o f America (quar.) (No. 29)___
Union (quar.).._____ _______________
Van Norden (monthly) (No. 29).................
Washington (quar.)__________________
AMscellaneous.
Aeolian, Weber Plano A Pianola, pf. (qu )
Amer. Agricultural Chem., pref. (No. 21).
Amer. Beet Sugar, pref. (quar.) (No. 41)
American Can. preferred (quar.)...............
Amer. Car A Fdy.. com. (quar.) (No. 28)
Preferred (quar.) (No. 42).....................
American Caramel, pref. (quar.)...............
American Express (quar.)...........................
American Ice Co., preferred.......................
Am . Iron A Steel Mfg., com.&pfd. (quar.)
Preferred (s oecial)...................................
Amer. Lt. A Traction, com. (stk d lv )..
Amerlcan Locomotive, pref. (quar.)___
American Malt Corporation, preferred.. .
American Malting, preferred__________
American Piano, preferred (quar.).............
Am. Pipe A Construction (quar.).............
American Radiator, common (quar.)___
American Screw (guar.)__ ____ _______
American Shipbuilding, pref. (quar.)----Amer. Smelt. A Rfg. .com. (qu.) (No. 24)
Preferred (quar.) (No. 41).....................
American Snuff, common (quar.).............
Preferred (quar.).....................................
Amer. Sugar Ref., com. A pref. (quar.)..
American Surety (quar.) (No. 81)...........
Amer. Telenh. A Tclegr. (quar.).................
American Tobacco, preferred (quar.)___
American Typefounders, com. (quar.)..
Preferred (auar.)___ ______ _______
Am. Woolen, pref. (quar.) (No. 42)...........
American Writing Paper, pref
Bell Telephone o f Canada (quar.)
Per
Cent.
1%
1
1*4
2
2
2%
2
When
Payable.
1 Sept. 17 to Oct. 1
1 Holders of rec. Sept. 16
1
1 Sept. 16 to Sopt. 30
Oct.
Oct. 15 Holders of rec. Sept. 30a
1 Sept. 14 to Oct. 17
Oct.
] Sept. 14 to Oct. 17
Oct.
Sept. 30
Oct.
Oct.
5
3% Oct.
2% Oct.
1
Oct.
1%
1%
1
1)4
1%
%
1%
1%
1%
1%
1%
%
3
2
i
i
i%
2
3
%
%
1
2%
1
1
$2
1%
1%
S3
1
1%
2%
1)4
3
H
114
1%
U4
1%
1%
2%
1%
1%
1%
$1.75
1%
234
Books Closed.
Days Inclusive.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct. ?
Oct. 5
Oct. ]
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct,
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
15 Oct. 6 to Oct. 15
1 Holders of rec. Sept. 15
15 Holders of rec. Oct. 1
1 Sept. 22 to Oct. 1
1 Holders of rec. Sept. 27
1 Holders of rec. Sept. 9
1 Sept. 15 to Sept. 30
36 Sept. 21 to Sept. 24
1 Sept. 19 to Sept. 30
1 Sept. 19 to Sept. 30
1 Sept. 17 to Sept. 30
1 Sept. 21 to Sept. 30
1 Sept. 21 to Sept. 30
1 Sept. 26 to Sept. 30
1 Holders of rec. Sept. 15
11 Holders of rec. Oct. 8
11 Holders of rec. Oct. 8
1 Holders of rec. Sept. 15
1 Sept. 20 ■'jSfto i* Sept. 30
1 Sept 20 to Oct. 1
1 Holders of roc. Sept. 18
1 Holders of rec. Sept. 18
1 Sept. 26 to Sept. 30
1 Sept. 26 to Sept, 30
1 Sept. 10 to Oct. 1
1 Sept. 10 to Oct. 1
1 Holders of rec. Sept. 20
18 Oct. 9 to Oct. 18
1 Sept. 9 to Sept. 30
1 Holders of rec. Sept. 15
30 Sept. 28 to Oct. 1
l Sept. 16 to Oct. 1
1
1 Holders of rec. Sept. 15
1 Holders of ree. Sept. 21
15 Holders of rec. Oct. 1
1 Holders of rec. Sept. 10
1
1
1 Holders of rec. Sept. 15
1 Holders of rec. Sept. 21
1 Holders of rec. Sept. 15
1 Holders of rec. Sept.23a
1 Sept. 26 to Oct. 1
11 Sept. 25 to Oct. 10
1 Sopt. 15 to Oct. 1
1 Holders of rec. Sept. 15
1 Sept. 23 to Oct. 1
1 Sopt. 25 to Oct. 1
i%
4
2
1%
1%
2%
2
25
2
3
4
2
5
4
3
3
2
3
2%
1%
4
1%
3
2
Oct.
1 Sept. 21 to Sept, 30
1 Sept. 25 to Sept. 30
Oct.
Oct.
1 Sept. 28 to Sept. 30
1 Holders of rec. Sept. 27
Oct.
1 Holders of rec. Sept. 8
Oct.
Oct.
1 Sept. 21 to Sept. 30
1 Sept. 23 to Oct. 1
Oct.
1 Holders of rec. Sept. 30
Oct.
I Sept. 24 to Sept. 30
Oct.
Sept. 30 Sept. 23 to Sept. 30
Oct.
1 Sept. 22 to Sept. 30
1 Sept. 22 to Oct. I
Oct.
1 Holders of rec. Sept. 30
Oct.
1 Sept. 25 to Sept. 30
Oct.
1 Sept. 22 to Sept. 30
Oct.
Oct.
1 Holders of rec. Sept. 25
1 Sept. 19 to Sept. 30
Oct.
1 Sept. 28 to Sept. 30
Oct.
Oct.
1 Holders of rec. Sept. 30
Sept. 30 Holders of rec. Sept. 28
1 Holders of rec. Sept. 21
Oct.
1
Oct.
Sept. 30
1 Sept. 29 to Sept. 30
Oct.
1 Holders of rec. Sopt. 28
Oct.
5
9
2
5
3
5
3
3
5
6
5
1%
8
4
5
2%
12%
1
3
Oct.
Oct.
Sept.
■Sept.
Sept.
Sept.
Oct.
Oct.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Sept.
Oct.
1%
3
1%
1)4
X
1%
2
3
1%
1%
6
10
1%
2%
S1.56
1%
2
1%
o
1%
1
1%
5
1)4
1%
2%
2
1%
1
154
1%
1
2
1 Holders of rec. Sept. 22
1 Holders of rec. Sept. 22
30 Sopt. 20 to Sept. 30
30 Sept. 20 to Sept. 30
30 Holders of rec. Sept. 29
30 Holders of rec. Sept. 30
1 Sept. 16 to Oct. 1
1 Holders of rec. Sept, IS
30 Sept. 24 to Sept. 30
30 Sept. 18 to Sept. 30
30 Sept. 25 to Sept. 30
30 Sept. 16 to Sept. 30
30 Sept. 25 to Sept. 30
30 Holders of rec. Sept. 23
30 Holders of ree. Sept. 22
1 Holders of rec. Sept. 25
9 Oct. 6 to Oct. 10
30 Holders of rec. Sept. 27
1 Holders of rec. Sept. 25
Sept. 30 Sept. 25 to Sept. 30
iOct. 15 Sept. 24 to Sept. 30
[Oct.
1 Holders of rec. Sept. 22
Oct.
1 Holders of rec.Sept.16a
Oct.
1 Holders of rec.Sept. 10a
Oct.
1 Holders of rec.Sept. 10a
Oct.
1 Sept. 11 to Sept. 30
Oct.
1 Holders of rec. Aug. 31
Oct.
1 Holders of rec. Sept. 25
O ct., 1 Holders of rec. Sept.22a
Sept. '17 Holders of rec. Sept,17a
Sept,( 30 July 21 to Aug. 1
Oct./* 21 Sept. 22 to Oct. 21
Nov. 3 3ct. 22 to Nov. 11
1 Hot, 22 to Nov. 11
Nov.
1 Sept. 19 to Oct. 1
Oct.
1 Holders of rec. Sept. 15
3ct.
Sept. 30 Sept. 22 to Sept. 30
Sept. 30 Sept. 24 to Sept. 30
3ct. 15 Holders of rec. Sept. 18
3ct. 15 Sept. 29 to Oct. 4
1 Sept. 15 to Sept. 23
Oct.
1 Holders cf rec. Sent. 15
Oct.
1 Holders of ree. Sept. 15
Oct.
Oct.
2 Holders of rec. Sept, la
Sept. 30 Sept. 17 to Sept. 30
Oct. IS lolders or rec. Sept. 30
1 folders of rec. Sept. 15
Oct.
Oct. 15 lolders of rec. Oct. 11
Oct. 15 lolders of rec. Oct. 11
Oct. 15 ■>ept. 24 to Oct. 3
Oct.
1 lolders of rec. Sept. 15
Oct. 15 lolders of rec. Sept, 25
Name o/ Company.
Per
Cent.
When
Payable.
Books Closed.
Days Inclusive.
S t a t e m e n t o f N e w Y o r k C it y C le a r i n g - H o u s e B a n k s . — T h e
d e t a il e d s t a t e m e n t b e lo w s h o w s t h e c o n d it io n o f t h e N e w
Miscellaneous (Concluded).
Bliss (E. IF.), coni. (quar.) (No. 68)......... 2 X Oct.
Sept. 25 to Sept. 30
Preferred (quar.) (No. 6 8 )--................... 2
Oct.
Sept. 25 to Sept. 30
Brooklyn Union Gas (No. 35)____ ____
3
Oct.
Sept. 19 to Sept. 30
Butto Elec. & Pow.,, com.(quar.)(No.20)
Oct.
r rec. Sept. 15
Preferred (quar.) (No. 33).....................
r rec. Oct. 15
I X Nov.
Calumet A Ilccla Mining (quar.).............
ss Sept.
t rec. Sept. 3
Cambria Iron..............................................
2
Oct.
t rec. Sept. 15
Canadian General Elec., Ltd., com. (qu.) x x Oct.
Sept. 15 to Sept. 30
Preferred ____________ ____ ______
Sept. 15 to Sept. 30
AX Oct.
Carolina Pow. & Lt., pref.(qu.) (No. 2).
Crec. Aug. 31
i x Oct.
Cellulold Company (quar.).....................
t rec. Sept. 14
I X Oct.
Central Coal A Coke, common (quar.).
to Oct. 15
Oct.
i x Oct.
Preferred (quar.)................................
to Oct. 15
Oct.
I X Oct.
Central Leather, preferred (quar.)___
I X Oct.
to Oct. 1
Sept.
Central A South Am . Tcleg. (quar.)___
\ rec. Sept. 30
I X Oct.
Chic. June. Rys.AU.Stk.Yds..coin. (qu.) 2
\ rec. Sept. 13
Oct.
Preferred (quar.)...........................
! rec. Sept. 13
Oct.
Chicago Telephone (quar.)................
Sept. 26 to Sept. 30
Sept.
City Investing, preferred (quar.)............. I X Oct.
rec. Sept. 27
Columbus (O ) Gas A Fuel, preferred___
rec. Sept. 15
I X Oct.
Columbus & Hocking C. A I., pref. (qu.) I X Oct.
Sept. 21 to Sept. 30
Consolidated Cotton Duck, preferred___
1
Oct.
Sept. 21 to Oct. 1
Cons. Gas, Elec. Lt. A Pouter, Balto.—
Preferred and prior lien slocks___
3
Oct.
1 Sept. 25 to Oct. 4
Corn Products Refining, pref. (quar.)
1
Oct. 11 Hloders of rec.Sept.30a
Crucible Steel, pref. (quar.) (No. 24)
I X Sept. 30 Holders of rec. Sept.20a
Cumberland Tel. A Tel. (quar.) (No. 104) 2
1 Iloldersof rcc.Sept. 15a
Oct.
Extra ................................................
2e Oct.
1 Iloldersof rcc.Sept. 15a
Detroit Edison ( q u a r .) .._________
1
Oct. 15 Holders of rec. Oct. la
Distillers’ Securities Corp. (qu.) (No. 28).
X Oct. 30 Sept. 30 to Cot. 20
Distilling Co. o f Amer., pref. (quar.)____
l
Oct. 29 Sept. 30 to Oct. 20
Dominion Coal, Ltd., common (quar.)__
1
Oct.
1 Sept. 18 to Sept. 30
Dominion Iron & Steel, Ltd., pref..
1 Holders of rcc. Sept. 15
A
’ X Oct.
Preferred (extra).......................... .
1 Holders of rec. Sept. 15
'AXd Oct.
Duluth Edison Elec., pref. (qu.) (No. 14) I X Oct.
1 Holders of rec. Sept.21a
duPont(E.I.)deNemours Powd.I’ref.(qu.) I X Oct. 25 Oct. 16 to Oct. 25
du Pont Intcrnat’l Powder, pref. (quar.).
1 Holders of rec. Sept. 20
I X Oct.
Eastern Steamship (quar.) (No. 1)___
1
Nov. 1 Holders of rec. Oct.15
Eastman Kodak, common (quar.)...
1 Holders of rec. Aug. 31
2X Oct.
Preferred (quar.)..............................
1 Holders of rcc. Aug. 31
i x Oct.
Electrical Securities Corp. .corn. (quar.).. 2
Oct.
1 Holders of rcc. Sept. 30
Preferred................ ................................
2 X Nov. 1 Oct. 30 to Nov. 10
Electric Boat, preferred (quar.) (No. 25)
2
Oct.
Holders of rec. Sept. 20
Electric Storage Bat., com. A pfd. (quar.).
Holders of rec. Sept. 25
X Oct.
General Chemical, pref. (quar.)..........
Holders of rec. Sept. 20
I X Oct.
General Electric (quar.).......................
2
Oct. 15 Holders of rec. Sept. 4u
General Motors, preferred....................
Sept. 21 to Sept. 30
AX Oct.
Gorham Manufacturing, pref. (quar.)___
Sept. 26 to Sept. 30
I X Oct.
Great Lakes Towing, preferred (quar.)..
Sept. 21 to Oct. 1
I X Oct.
Guggenheim Exploration (quar.) (No. 27) 2X Oct.
Sept. 18 to Oct. 1
Harrison Bros, A Co. Inc., pref. (quar.) . .
SI Oct.
Holders of rcc. Sept. 25
International Nickel, common (quar.)___
1
Dec.
Nov. 12 to Dec. 1
Common (extra).........................................
Nov. 12 to Dec. 1
X Dec.
Preferred (quar.).......................................
Oct. 13 to Nov. 1
i x Nov.
International Paper, preferred (quar.)..
Oct. 5 to Oct. 27
X Oct.
International Silver, pref. (quar.).............
1 Sept. 18 to Oct. 1
I X Oct.
Internet. Smokel.Pow.&Chem.,com.(qu.) 1
Oct. lk Holders of rcc. Sept. 20
Preferred ................................................
4
Nov. 15 Holders of rec. Nov. 5
Knickerbocker Ice, preferred (No. 21)__
1 Sept. 21 to Oct. 1
4 X Oct.
La Rose Consolidated Mines (quar.)........... 3
Oct. 2C Oct. 1 to Oct. 14
Extra ......................................................... 1
Oct. 21 Oct. 1 to Oct. 14
Mackay Companies, com. (quar.) (No. 17) 1
Oct.
1 Holders of rec. Sept. 11a
Preferred (quar.) (No. 23)__________
1
Oct.
1 Holders of rcc. Sept. 11a
Manning, Maxwell <t Moore, Inc. (qu.)..
1 1folders of rcc.Sept.30a
l X Oct.
Massachusetts Lighting Cos. (quar.)___
IX Oct. 15 Holders of rec. Oct. 1
Morgcnthaler Linotype (quar.).................
2 X Sept. 30 Sept. 22 to Sept. 30
Mexican Telegraph (quar.)......................... 2 X Oct. 15 Holders of rec. Sept. 30
Michigan Light, com. (quar.)................ ..
1
Oct.
1 Holders of rcc. Sept.23a
USPreferred (quar.)......................................
1 Holders of rcc. Sept.23a
I X Oct.
Michigan State Telephone, pref. (quar.).
I X Nov. 1 Oct. 19 to Nov. 1
Natlonnl Biscuit, com. (quar.) (No. 44).
I X Oct. 15 Holders of rec. Sept.28a
Nat. Enamel A Stamping, pref. (quar.).
IX Sept 30 Sept. 11 to Sept. 30
National Lead, common (quar.) (No. 23) i x Oct.
1 Sept. 11 to Sept. 14
National Licorice, preferred (quar.)__
I X Sept. 30 Sept. 25 to Sept. 30
National Light, II cat & Power, pref. (quar.) I X Oct.
1 Holders of rcc. Sept. 30
National Sugar llellnlng, pref. (quar.)
2 Sept. 19 to Oct. 3
I X Oct.
National Surety (quar.).......................
1 Sept. 21 to Oct. 1
2
Oct.
New England Cotton Yarn, com. (quar.).
1 Holders of rec. Sept. 17
IX Oct.
Preferred (quar.)...............................
1 Oct. 16 to .............
1X1 Nov.
New England Telep. A Teleg. (quar.)..
i x Oct. 15 Holders of rec. Sept. 30
Now Orleans Brewing, common____
5
Sept. 25 Holders of rec. Sept. 2C
New York Dock, preferred__________
2
Oct. 15 Holders of rcc. Oct. 1
Niplssing Mines (quar.)___________
5
Oct. 20 Oct. 1 to Oct. 14
E x tr a ..................................................
2 X Oct. 20 Oct. t to Oct. 14
North American Co. (quar.).................
1 Iloldersof rcc.Sept. 15a
i x Oct.
Otis Elevator, common.........................
IX Oct. 15 Holders of rcc. Sept. 30
Preferred (quar.)...............................
i x Oct. 15 Holders of rcc. Sept.30
Phelps, Dodge & Co., Inc. (quar.;__
2 X [Sept. 30 Iloldersof rcc.Sept. 23a
Pittsburgh Plate Glass (quar.)...........
1 Holders of rcc. Sept. 20
I X Oct.
Pope Manufacturing, preferred.............
6m Sept. 30 Holders of rcc. Sept. 29
Preferred (quar.).................................
1 Holders of rcc. Oct. 26
I X Nov.
Procter A Gamble, pre . (quar.).............
2
Oct. 15 Sept. 26 to Oct. 14
Quaker Oats, common (quar.)______
XX Oct. 15 Holders of rec. Oct. 4
Common (extra).................................
X Oct. 15 Holders of rec. Oct. 4
Republic Iron & Steel, pref.(quar.)(No.30) I X Oct.
1 Holders of rcc. Sept. 23
Preferred-------------------------------------X b iOct.
1 Holders of rec. iuly 31
Rhode Island Perk. Horseshoe, pfd. (qu.).
1
Dct. 15 Holders of rec. Oct. 1
Royal Baking Powder, common (quar.) 2 X Sept. 30 Holders of rec. Sept. 15
Preferred (quar.)--------------- - .............
I X Sept. 30 Holders of rcc. Sept. 15
2
Safety Car Heating A Lighting (quar.)..
Oct.
1 Holders of rcc Sept. 15
St. Joseph Stock Yards (quar ) . . . .............
x x Sept. 30 Sept. 24 to Sept. 30
Scranton Electric Co., pref. (quar.).............
1 Sept. 24 to Oct. 1
1X Oct.
1 Holders of rcc.Sept.15a
Sears, Roebuck & Co., pref. (quar.).........
I X Oct.
1
Shawlnlgan Water & Power (quar.)----Oct. 20 Holders of rcc. Oct. 7
Sloss-Shcfflcld Steel & Iron pref. (quar.)
1 Holders of rec. Sept.20a
I X Oct.
Standard Milling, pref. (No. 13).........
I X Oct. 30 Oct. 26 to Oct. 31
Swift & Co. (quar.) (No. 92).................
4 Holders of rcc. Sept. 11
IX Oct.
Tefft-WellerCo., pref. (quar.) (No. 3 3 )...
1 Sept. 24 to Oct. 3
I X Oct.
Texas A Pacific Coal (quar.)....................
2 Sept. 19 to Sept. 30
2
Oct.
Union Bag & Paper, pref. (quar.)(No. 42)
1
Oct. 15 Holders of rcc. Sept. 30
Union Switch A Signal, com.A pref. (qu.) 3
Oct. 11 Oct. 1 to Oct. 10
Union Typewriter first pref. (No. 33) . .
1 Holders of rcc. Sept. 17
AX Oct.
Second preferred (No. 33).................... 4
1 Holders of rec. Sept. 17
Oct.
United Bank Note Corp.,pref. (quar.)..
1 Sept. 16 to Oct. 1
XX Oct.
United Fruit (quar.) (No. 41)..............
2
Oct. 15 Holders of rec. Sept. 27
United Gas Improvement (quar.)........... 2
Oct. 15 Holders of rec. Sept. 30
United Shoe Machinery, common (quar.) 2
Oct.
5 Holders of rcc. Sept,. 14
Preferred (quar.)..........................
5 Holders of rcc. Sept. 14
XX Oct.
U. S. Finishing, com. (quar.) (No. 3)__
1
Oct.
1 Holders of rcc. Sept.l8f
Preferred (quar.) (No. 41).....................
1 Holders of rcc. Sept.lSf
x x Oct.
United States Leather, pref. (quar.)___
1 Sept. 4 to Oct. 1
x x Oct.
U. S. Mtge. A Trust (quar.). . . .................
6
Sept. 30 Holders of rec. Sept. 25
United States Printing o f Ohio (quar.)___
1 Sept. 19 to Oct. 1
XX Oct.
U. S. Smelt., Ref. A Min., com. (quar.)
l
Oct. 15 Holders of rec. Sept. 30
Preferred (quar.)...................................
XX Oct. 15 Holders of rcc. Sept. 30
U. S. Steel Corp.. com. (quar.) fNo. 23)
X Sept. 30 Sept. 10 to Sept. 30
Utah Consolidated Mining (quar.)-------- 50c. Oct. 15 Sept. 24 to Oct. 1
Utah Copper Co. (quar.) (No. 5)............... 50c. Sept. 30 Sept. 18 to Sept. 30
Va.-Carolina Chem., pf. (qu.) (No. 56). 2
Oct. 15 Oct. 1 to Oct. 14
Western Union Tcleg. (quar.) (No. 162)
X Oct. 15 Sept. 21 to Oct. 13
Westlnghousc Airbrake (quar.)................. 2X Oct.
9 Sept. 26 to Oct. 8
Extra
-------- ----------------------------9 Sept. 26 to Oct. 8
XX Oct.
Wilkes-Barre Gas A Electric (quar.)...
1
Oct.
1 Holders of rcc. Sept. 15
10c. Sept. 30 Sept. 18 to Sept. 30
Yukon Gold Company (No. 1).................
a Transfer books not closed, b Declared C>X%, being accumulated dividends in
full, payable X % Oct. 1 1909 and 1% each Oct. 1 from 1910 to 1915, Inclusive.
d On account of accumulated dlvs. c Payable In stock of the Amcr.Tcl. A Tel. Co.
h Also 2 X % payable April 15 1910. I Correction, k Also 1% payable Jan. 1
1910. I Declared 6%. payable in quarterly Installments, m On account of accu
mulated dividends
l*
Y o r k C le a r i n g - H o u s e b a n k s fo r t h e w e e k e n d in g S e p t . 1 8 .
I h e fig u r e s fo r t h e s e p a r a t e b a n k s a r e t h e a v e r a g e s o f t h e
d a il y r e s u lt s .
I n t h e c a s e o f t h e t o t a l s , t h e a c t u a l fig u r e s
a t t h e e n d o f t h e w e e k a r e a ls o g i v e n .
_______
We omit two ciphers (00) in all cases.
Banks.
00s omitted.
Capital.
Surplus.
Loans.
Average.
Specie. Legals. Deposits. ReAverage. Average. Average. s’ve.
s
S
S
S
S
%
Bank of N. Y_. 2,000,0 3,374,4 20.619.0 3.415.0 1.415.0 18.803.0 25.6
Manhattan Co. 2.050.0 3,567,7 36.300.0 9.773.0 1.620.0 43.600.0 26.1
Merchants’ ___
2,000,0 1.642.1 21.303.0 4.005.0 1.858.0 22.583.0 25.9
Mechanics’ ___
3.000.
0
3.767.3 30.787.0 6.568.0 1.039.0 31.761.0 23.9
America__
1.500.0 5.178.4 27,530,7 5.189.8 1,875,4 28.929.8 24.4
P lien lx ___
1.000.
0
657,9
8.155.0 1.432.0
476.0
7.504.0
City ................. 25.000. 29.046.9 198.899.8 46.577.0 4.925.0 197.068.2 25.9
0
26.1
Chemical____
3.000.
0
6.059.1 28.371.0 4,909,7 2,066,2 27.046.1 25.9
Merchants’ E x.
600,0
532.0
6.674.0 1.078.6
544.5
6.821.5 23.8
Gallatin______
1.000. 0 2.468.4
9,473,4 1.089.7
807,9
7,371,7 25.7
Butch. A Drov.
300.0
148.0
2.128.7
428,4
1.990.1 26.3
95,8
Greenwlch___
500.0
755.1
7.279.7 1,856,3
200.0
8.175.6 25.1
Amer. E x ch ...
5.000.
0
5.220.0 29.594.4 4.641.2 1.278.3 22,525,4 26.4
Commerce......... 25.000. 15,594,5 163,370,1 27.439.1 10,282,9 146.655.2 25.8
0
Mercantile___
3.000.
0
2.564.5 14.833.5 1.919.6 1.069.3 11.611.1 25.7
Pacific .............
500.0
864.8
4.117.6
345.0
585.7
3.794.0 24.5
Chatham_____
450.0 1.025.0
7,516,2 1.123.9 1,090,9
8.253.7 26.8
People’s _____
200.0
470..
2.244.6
394.3
132.4
2.213.1 23.8
Hanover_____
3.000. 10.922.2 66.785.0 13.016,8 6.705.6 77,880,3 25.3
0
Citizens’ C ent.. 2.550.0 1.508.6 23.349.5 4.964.0
318.6 22.718.9 23.4
N assau______
500.0
435.8
6.006.1
711.0
939.7
6.640.2 24.8
.Market A Fult’n 1.000. 0 1.671.5
8.116.8 1.006.6 1.064.6
7.989.4 25.9
Metropolitan
2,000,0 1.309.7 12.210.6 2.810.9
224.7 12.264.7 24.7
Corn Exchange 3.000.
0
5.372.3 43.174.0 7.797.0 5.371.0
Imp. A Traders’ 1.500.0 7.415.9 26.210.0 4.295.0 1.857.0 51.135.0 25.7
24.047.0 25.5
P a rk ________
3.000.
0
9.750.2 89.233.0 24.543.0 1.495.0 101.885.0 25.5
East River___
250.0
103.7
1.420.0
345.7
90,4
1,418,1 30.7
Fou rth............. 3.000.
0
3.324.7 24.602.0 4.220.0 2.500.0 26.462.0 25.3
Second.............
1.000. 0 1.845.4 12.311.0 2.943.0
149.0 12.452.0 24.8
F ir st________ 10.000. 19,023,9 114,081,4 26,171,7 1.698.6 108,256,7 25.7
0
Irving E x ch ... 2,000,0 1.441.4 20,914,4 4.022.3 1.725.4 22.182.1 25.9
Bowery
___
250.0
789.7
3.455.0
823.0
61,0
3.510.0 25.1
N. Y. County..
500.0 1.598.3
8.025.1 1.339.1
669.5
8.176.1 25.0
German-Amer .
750.0
656.2
4.123.2
812,6
221,2
4.028.4 25.6
Chase................. 5.000.
0
6.685.1 81.069.3 18.260.0 4.969.6 90,100,5 25.7
Fifth Avenue..
100.0 2.178.6 12.904.8 2.725.4 1.026.0 14.671.9 25.5
German E xch..
200,0
857,6
3.702.2
365.0
415.8
3.582.8 21.7
Germania.........
200,0 1.020.9
4.905.6
933.4
578.4
5.727.4 26.4
Lincoln.............
1.000.
0
1.373.8 16.922.8 3.498.9 1.133.2 18,472,1 25.0
Garfield.............
1,000,0 1.148.8
7.885.5 1.830.2
163.5
7.990.7 25.0
F ifth ________
474,4
250.0
660.4
3.272.6
3.610.5 25.2
251.9
Metropolis___
1,000,0 2.020.2 10.807.9
918.8 1.722.2 10.563.9 25.0
West Side.........
200.0 1.087.3
4.603.0 1.092.0
246.0
5.145.0 26.0
Seaboard........... 1,000,0 1.765.3 18.849.0 3.724.0 1,851,0 21.630.0 25.7
Liberty .............
1,000,0 2.615.2 17.629.4 3.462.1
797.8 17.240.9 24.7
N. Y. Prod. Ex.
687.2
8,006,4 2.188.9
1,000,0
9.607.6 26.1
320,3
State .................
1,000,0
810.3 13.028.0 3,727,0
266.0 15.865.0 25.1
14th Street___
1,000,0
320.1
5.391.2
803,2
488.0
5.650.9 22.8
Copper............. 2,000,0 2.734.3 29.857.1 7.318.5
905.5 32.381.9 25.3
Coal A Iron___
1,000,0
305.2
5.524.0
5.392.0 24.7
924.0
410.0
Totals, Average 127,350,0 176,190,4 1327,573,6 274,439,1 71,998,8 1355,385,5 25.5
Actual figures Sept. 18.
1315.176,9 275,460,0 72,762,9 1344,403,4 25.9
On the basis of averages, circulation amounted to $51,717,300 and United States
deposits (Included In deposits) to $1,713,700; actual figures Sept. 18. circulation
$51,850,300; United States deposits, $1,799,500.
T h e S t a t e B a n k in g D e p a r t m e n t a ls o n o w f u r n is h e s w e e k ly
r e t u r n s o f t h e S t a t e b a n k s a n d t r u s t c o m p a n ie s u n d e r it s
charge.
T h e s e r e t u r n s c o v e r a ll t h e i n s t i t u t i o n s o f t h i s c la s s
in t h e w h o le S t a t e , b u t t h e fig u r e s a r e c o m p il e d s o a s t o
d is t in g u is h b e t w e e n t h e r e s u lt s fo r N e w Y o r k C it y (G r e a te r
N e w Y o r k ) a n d th o se fo r th e r e s t o f th e S t a te , a s p e r th e
f o llo w in g :
STATE BANKS AND TRUST COMPANIES.
Week ended Sept. 18.
State Banks
Trust Cos.
Slate Banks
Trust Cos.
in
in
outside of
outside o f
Greater N . Y. Greater N . Y . Greater N . Y. Greater N . Y .
Capital as of April 28___
Surplus as of April 28___
Loans and Investments.Change from last week.
$
25,975,000
$
59,675,000
37,303,000
173,921,500
10,316,230
9,786,676
304,181,200 1,130,835,300
—155,100 +3,155,400
86,417,100
+ 508,400
131,239,800
+ 35,800
Change from last week.
49,766,300
+ 194,000
124,968,200
+33L900
Legal-tenders A bk. notes
Change from last week.
25,393,000
—119,000
$
8,598,000
S
7,725,000
13,936,200
—346,600
...................
Deposits ...........................
Change from last week.
353,202,200 1,246,961,200
—1,654,400 — 14,635,300
92,541,900
+ 234,100
140,230.500
—349,100
Reserve on deposits____
Change from last week.
97,910,500
+2,515,000
147,232,600
—562,400
20,018,100
—166,700
19,956,700
—185,300
28.3%
27.6%
16.2%
16.4%
22.4%
22.6%
14.7%
14.8%
P. C. reserve to deposits..
Percentage last week.. ’
+ Increase over last week. — Decrease from last week.
Note.—“Surplus” Includes all undivided profits. “Reserve on deposits” in
eludes, for both trust companies and State banks, not only cash Items, but amounts
duo from reserve agents. Trust companies In New York State are required by
law to keep a reserve proportionate to their deposits, the ratio varying according
to location as shown below. The percentage of reserve required Is computed on
the aggregate of deposits, exclusive of moneys held In trust and not payable within
thirty days, and also exclusive of time deposits not payable within 30 days, repre
sented by certificates, and also exclusive of deposits secured by bonds of the State
of New York. The State banks are likewise required to keep a reserve varying
according to location, but In this case the reserve is computed on the whole amount
of deposits, exclusive of deposits secured by bonds of the State of New York.
— Trust Cos.— — State B a n k s Reserve Required for Trust Companies
Total
Of
Total
Of
and State Banks.
Reserve which Reserve which
Location—
Required, in Cash.Required, in Cash.
15%
25%
15%
Manhattan Borough................................................. 15 %
Brooklyn Borough(wlthout branches In Manhat.).15%
10%
20%
10%
Other Boroughs (without branches In Manhattan).15%
10%
15%
1X%
Any Borough with branches In Manhattan______ 15%
15%
25%
15%
Elsewhere In State.................................................... 10%
5%
15%
6% 3
The
B a n k in g
D e p a r tm e n t
a ls o
u n d e rta k e s to
p resen t
s e p a r a t e f ig u r e s i n d i c a t i n g t h e t o t a l s fo r t h e S t a t e b a n k s a n d
t r u s t c o m p a n ie s i n t h e G r e a t e r N e w Y o r k n o t i n th e C le a r in g
H o u se.
T h e s e fig u r e s a r e s h o w n in t h e t a b le b e l o w , a s a r e
B o s t o n a n d P h ila d e lp h ia B a n k s . — B e l o w is a s u m m a r y o f
t h e w e e k l y t o t a l s o f t h e ’ C le a r i n g - H o u s e b a n k s o f B o s t o n
a n d P h ila d e lp h ia .
We omit two ciphers (00) in all these figures. .
a ls o t h e r e s u l t s ( b o t h a c t u a l a n d a v o r a g e ) fo r t h e C le a r in g
H ou se b a n k s.
I n a d d i t i o n , w e h a v e c o m b in e d e a c h c o r r e
s p o n d i n g i t e m in t h e t w o s t a t e m e n t s , t h u s a f f o r d in g a n a g g r e
g a t e fo r t h e w h o le o f t h e b a n k s a n d t r u s t c o m p a n ie s in t h e
G r e a te r N e w Y o r k .
NEW YORK CITY BANKS AND TRUST COMPANIES.
Total o f all
Clear.-House- Clear.-House State Banks
Trust Cos. not Banks& Trust
banks.
Week, ended. Sept. 18.
Banks.
In C.-H. Aver. Cos. Average.
ActualFigures
Average.
$
$
INat. Banks)
Capital I Sept. 1. i
.{State Bankm
Surplus J April 28. j
6
%
127.350,00Q
127,350,000
69.700,000
197,050,000
176.190,40(1
176,190,400
182,845,100
357,599,100
I.oans and investments 1,315,170,900 .1,327.573,000 1.225.219.000 2,552,792.600
—30.625.400
Capital
and
Surplus.
Banks.
Boston.
Aug. 2 8 ..
Sept. 4 ..
Sept. 11
Sept. 18 .Phila.
Aug. 2 8 ..
Sept. 4_.
Sept. 11..
Sept, 1 8 ..
275,460.000
41.583.70Q
274,439,100
—5,490,400
131.488,300
+533,400
405,927,400
—4,957,000
I.cgaHeadcm . ............
Change from last week
72.762.900
4-220,800
71,998,800
+ 126,800
623,002,300
—359,800
95,001,100
—233,000
316,437.900 . r154,490,600
+ 173,600
—5.363,000
500,928.500
—5.190.000
27.483,900
—1,702,400
27,483,900
—1,702,400
181.974,500
—1,528,800
528,412,400
—6,892.400
Aggr’tc money holdings 3.48,222,900
Change from last wecU + 1,804,500
Money on deposit with
other bits. & trust cohj
Change from last week
S
1
$
216,290,0 23,858,0
213,138,0 23,179,0
211,157,0 23,371,0
211,197,0 24,773,0
56,315,0
56,315.0
56,315,0
56,315,0
274,910,0
276,773,0
277,187,0
275,237,0
a Including Government deposits mul the item “duo to other banks.” At Boston
Government deposits amounted to $2,010,000 on Sept. 18, against $1,811,000 on
Sept. 11.
I m p o r t s a n d E x p o r t s fo r t h e W e e k . — T h e f o ll o w i n g a r e
t h e im p o r t s a t N e w Y o r k fo r t h e w e e k e n d in g S e p t . 1 8 : a ls o
t o t a l s s in c e t h e b e g in n in g o f t h e fir s t w e e k in J a n u a r y :
FOREIGN IMPORTS AT NEW YORK.
1907.
1908.
1909.
For week.
Dry Goods--------------------- General Merchandise.............
1900.
$2,768,853 $3,878,250
8,222,391 : 11,443.955
$3,246,179
11,281,003
$2,939,242
9,612,674
Total ................................... $17,627,182 $10,991,244| $15,322,205 $12,551,916
Since Jan. 1.
Dry G oods............................. $121,476,944 $86,211,917 $136,713,513 $115,212,671
General Merchandise............. 488.486,497 352,814.607, 494,761,764 421,725,607
Total 37 weeks................... $009,963,441 $439,026,524 $631,475,277 $536,938,278
r
...................
T h e f o ll o w i n g is a s t a t e m e n t o f t h e e x p o r t s ( e x c l u s i v e o f
s p e c ie ) f r o m t h e p o r t o f N e w Y o r k t o f o r e ig n p o r t s fo r t h e
w e e k e n d in g S e p t . 1 8 a n d fr o m J a n . 1 t o d a t e :
12,122,050
7,591,525
...................
...................
EXPORTS FROM NEW YORK FOR THE WEEK.
a s f o ll o w s f o r a s e r ie s o f w e e k s p a s t :
1909.
Loans and
Investments. Deposits.
$
2,535,951,3
2,551,022,4
2,563,916,2
2,667,635,5
2,570,714,7
2,580,237,8
2,673,391,2
2,568,181,7,
2,552,792,6
Specie.
$
$
2,594,113,3 437,311,3
2,604,154,9 437,042,8
2.616,185,2 434,345,5
2,617,930.8 432,116,1
2,011,409,4 428,500.3
2,614,262,2 425,367.2
2,600.054.5 420.244.8
2,578,878,7 410,884,4
2,505,381,0 495,927,4
o f N o n -M e m b e r
$
104,681,2
104.904,0
101,907,0
101,689,2
98,753,7
99.986.0
98,538,2
95,231.0
95,001,1
B a n k s .— T h e
s t a t e m e n t o f c o n d it io n o f t h e
$
541,992,6
541,947,4
536,252,5
533,205,3
627,254,0
525,353.2
518,783,0
506,118,5
500,928,5
S
570,710.3
509,955,0
564.823.3
561,422,0
554,242,3
552.476,3
546.731,7
535,304,8
528,412,4
f o ll o w i n g
th e
n o n - m e m b e r b a n k s fo r
th e
w e e k o n d in g S e p t . 1 8 , b a s e d o n a v e r a g e d a i l y r e s u lt s :
Ife omit two Ciphers (00) in all these figures.
Sur
plus.
N. Y. City.
Boroughs o]
M an.& Brx
£
8
228,2
Wash. Il’ts 109.0
149,6
200,C
Century __
249,4
Colonial__
400.1
439,7
Columbia. .
800,1
200,(
182,7
Fidelity . . .
684,2
Jefferson__
500,1
284,2
Mt. Morris. 250.1
200,(
Mutual___
318,7
402,2
100,(
Plaza ____
03.8
23d Ward.. 200,(
934,4
Un.Ex.Nat. 1.000.1
439,9
100,(
Yorkvllle . .
New Neth_. 200J
24i:a
140,5
Bajt.Pk.Nat. 200,1
316,f
Aetna Nat. 300,1
Borough o f
Brooklyn.
524,3
Broadway . 200,1
787, f
Mfrs.’ Nat. 252 j
Mechanics'. l,000j . 033,£
Nassau Nat. 750.1 , 049.C
Nat. C ity.. 300,1
593,8
141,£
Nqrth Side. 200,1
Jersey City.
First N a t.. 400.1 1,222.1
725,8
Hud.Co.Nat 250,1
380,2
Third N a t.. 200,1
Hoboken.
626,6
First N a t.. 220.1
232,0
Second Nat. 126.0
Loans,
TXfo/J/o
IslSC■
IS
and
Invest
ments.
Legal
Specie.
Deposit with—
and
Bank
Notes.
Clear
ing,
Agent.
Net
Other
Banks, Deposits.
&c.
8
___
129,0
754,4
____
____
164,5
78,8
5.2
____
____
____
251,6
12,0
6
1,297,0
1.651,3
4,717,6
6,629,0
924,3
3,501,7
2,709,5
3,847,5
3,785.0
1,910,6
7,902,5
4.341,2
2,053,0
1,169,6
2,080,5
S
S
133.0
73,0
34,8 235,4
709,8 405,5
550,0 520,0
86,0
63,4
8,4 398,1
522,8
29,9
25,0 638,6
317,0 443,0
118,2
50,4
731,0 1,250,0
51,9 838,1
228,0
75,0
208,0
31,2
27,9
439,4
S
219,0
79,1
743,2
472,0
107,7
129,0
385,3
445,7
961,0
264,5
155,8
272,9
103,0
55,7
82,1
3,128,2
6,070,3
11,039,6
0,557,0
4,284,0
1,683,3
24,8 524,6
588,0 148,1
324,7 1,503,4
266,0 546,0
115,0 654,0
74,5
130,5
450,3
926,8
1,505,9
1,138,0
808,0
382,6
$
1,237,0
1,856,4
6,723,7
6,583,0
933,9
3,345,8
3,632,4
4,496,9
4,983,0
2,204,6
7,859.0
5,607,4
2,127,0
1,067,5
1,945,8
4,578,6
3,000,5
1,962,5
280,6
168,2
53,1
305,7
39,7
119,9
4,186,3
140,1
347,6
416,0
213,1
22,9
SinceJ a n .\.
2,388,9
2.380,5
101,8
79,0
7,5
76,4
109,8
73,6
58,4
266,2
1,846,3
2,772,1
Week.
|SinceJ an. 1.
*13.958,120
13,881,232
$4,932
2,051,195
5,000
$25,000 42,758,450
250 4,030,445
8,927
6,349
47,617
7,543
$25,250 $76,084,442
47,141,800
34,432,015
Total 1909......................................
Totnl 1908............................ ..........
Total 1907.................................... ..
Silver.
Great Britain.. ______________ _
France ..............................................
Germany - West Indies...................... .. ..............
Mexico ..............................................
South America
All other countries______________
$741,204 $29,784,877
51,400 3,120,950
11,090
107,731
246
$792,910 $33,096,903
507,682 30,540,669
1.370,327 36,500,546
"’ 44,226
28,029
$199,428
2,153,090
10,055
589,005
396,539
1,831,734
1,620,505
$75,368 $0,800,476
105,944 1 13,356,160
133,840 7,848,446
$116
1,000
27,478
11,595
6,502
$216,175
6,507
64,796
102,723
1,056,427
720,165
819,877
$46,691 $3,586,609
90,586 2,646,357
104,195 2,209,163
O f t h e a b o v e im p o r t s fo r t h e w e e k in 1 9 0 9 , $ 5 , 5 1 5
w e r e A m e r ic a n g o ld c o in a n d $ 1 , 0 3 3 A m e r ic a n s ilv e r c o in .
O f t h e e x p o r t s d u r in g t h e s a m e t i m e , $ 2 5 , 2 5 0 w e r e A m e r i
c a n g o ld c o in a n d $ ____ w e r e A m e r ic a n s ilv e r c o in .
ffiuiHinn and g i n a n c t i U .
8,120,3
2,687,5
2,197,9
Tot.Sept. 18 8.147,0 12.229.4 95,499,6 6,327,6 9,139,2 14,605,6 3,796,1 113327,5
Tot.Sept. 11 8,147.1 12,266,0 94,161,6 0,437,3 9,139,2 12,795,5 4,129,2 110693,8
Tot.Sept. 4 8,147,0 12,266,0 93,554,6 0,347,0 8,775,7 12,463,5j 3,824,4 108973,5
firpn.t Britain
France
_____
_____________
Germany
West Indies
M exico__ _ _
_________
South America...................................
All other countries.............................
413,1 4,220,7
241,8 6.840,7
279,5 15,465,5
____ 6,640,0
174,0 5,681,0
281,3 2.352,1
"34,4
Imports.
Exports.
Week.
Total 1909 .....................................
Total 1908 _________________
Total 1907.......................................
is
1906.
1907.
1908.
T h e f o ll o w i n g t a b le s h o w s t h e e x p o r t s a n d im p o r t s o f
s p e c ie a t t h e p o r t o f N e w Y o r k fo r t h e w e e k e n d in g S e p t . 1 8
a n d s in c e J a n . 1 1 9 0 9 , a n d fo r t h e c o r r e s p o n d in g p e r io d s in
190 8 a n d 1907:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Gold.
Tot. Money Entire Res.
Holdings. on Deposits
Legals.
!
For the week........................... $11,026,442 $12,243,568 $13,093,264 $11,209,981
Previously reported........ — 421,844,658 44 + 459,098 435,14-1,676 416,844,812
Total 37 weeks................... $432,871,100 $450,702,066 $448,237,940 $428,054,793
COMBINED RESULTS OP BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
We omit two ciphers (00) in all these flu tires.
O api-'
tal.
115,813,9
136,147,6
103,937,0
149,111,3
17.8%
17.3%
in G r e a te r N e w Y o r k o u t s i d e o f t h e C le a r in g H o u s e c o m p a r e
Banks.
16,457,0
16,505,0
16,524,0
16,544,0
25.58%
25.48%
T h e a v e r a g e s o f t h e N e w Y o r k C le a r i n g - H o u s e b a n k s
c o m b in e d w i t h t h o s e fo r t h e S t a t e b a n k s a n d t r u s t c o m p a n ie s
R e p o r ts
$
121,906,3
144,941,5
112,787,5
161,032,6
------ ------340,437.900
—5,363,600
4
Increase over last week. — Decrease from last weeka These are the deposits after eliminating the Item "Due from reserve depositories
ami other banks and trust qampanles In New Yqrk City”; with this Item Included,
deposits amounted to $l,3G4,003,20l>, a deorease of S13.4tSi.700 from last week.
In the case of the Clearing-House banks, the deposits are "net” both for the average
and the actual figures, b Includes bank notes, r Of this amount State banks hold
515.530,200 and trust companies §138.004,400.
•
2 4 ..
31-.
7 ..
14 ..
2 1 .,
2 8 ..
4 -.
11-.
18--
S
7,585,0
7,607,0
7,509,0
7,012,0
25.94%
25.26%
Surplus reserve...........
July
July
Aug.
Aug.
Aug.
Aug.
Sept.
Sept.
Sept.
78,135,0
70,650,0
74,048,0
75,076,0
S
260,992,0
260,667,0
200,428,0
269,521,0
323,584,0
324,038,0
322,177,0
325,789,0
S
4,313,0
4.683.0
5.129.0
5,145,0
348,222,900
41.804,500
Total reserve______
Change from last week
Percentage to deposits
requiring reserve__
Percentage last w eek.,
Week
Ended.
Clearings.
Legals. Deposits, a Circu
lation.
Specie.
S
40,300,0
40,300,0
40,300,0
40,300,0
D eposits....................... 1.344,403,400 1,355,385,500 «1,209,999,100 2,565,384,600
Change from last week —28,605.800 —25,943,800 + 12,449,700 — 13,494,100
Specie ...........................
Change from last.week
Loans.
Wc shall bo pleased to furnish to Institutions and investors copies
of our special circular describing
43 R A IL R O A D BONDS
Listed upon the New York Stock Exchange
Spencer Trask & Go*
W ILLIAM AND PINE STS..
NEW YO R K
Branch offices: C hicago. HI., and A lbany. N. Y.
M o f f a t
&
W
h i t e
BAN K E R S
Members New York Stock Exchange
6 NASSAU ST R E E T ,
NEW YORK
wfi?
International
Capital
&
T H E ROOKERY
CHICAGO
IMPORTS AND EXPORTS
Banking
Corporation
NO. 60 W A L L STREET. NEW YORK
Surplus. $ 6 ,500,000
Special facilities
Branches at Home and Abroad.
fof T<«V«le
In all parts of the *'ortu.
:
Hattkeraf (® jette«
a*
W a ll S tr e e t, F r i d a y N i g h t , S e p t . 24 1909.
The Money Market and Financial Situation.—Operations
at the Stock Exchange have been in fair volume throughout
the week and the tendency of prices has been towards a
lower level. Evidently the rise noted last week carried
prices too high, and, if so, a reaction was inevitable. The
latter has, however, been a moderate one, and nothing has
occurred during the week to make it otherwise, except that
some of the President’s utterances indicating that the pur
pose to establish Government control of corporations will be
pursued are more or less disturbing in financial circles.
It is reported that the heavy storm in the Gulf States has
caused considerable damage to the cotton crop in some
localities, and cotton in this market has advanced to an
unusually high price for the season o f year. Presumably
these reports are exaggerated.
Saturday’s bank statement showed a substantial addition
to the surplus reserve, and the money market has been
steady, with call loan rates at 3% or under. The movement
of currency to the West has not been excessive, but the de
mand from the South is increasing. The foreign bank state
ments show no material change in the financial situation
abroad.
The Stock Exchange will be closed to-morrow on account
of the beginning of the IIudson-Fulton celebration. The latter
will absorb more or less attention during the next ten days
or two weeks.
The open market rates for call loans at the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 3%. To-day’s rates on call were 2%@3%.
Commercial paper quoted at 4 @4%% for 60 to 90 day
endorsements, 4%@5% for prime and 4 to 6 months’ single
names.
.p^The Bank of England weekly statement on Thursday
showed a decrease in bullion of £903,211 and the percentage
of reserve to liabilities was 52.77, against 53.36 last week.
The rate of discount remains unchanged at 2%%, as fixed
April 1. The Bank of France shows a decrease of 9,125,000
francs gold and an increase of 1,100,000 francs silver.
N E W Y O R K C IT Y C L E A R IN G -H O U S E H A N K S.
1909.
1908.
Averages fo r
Week ending
Sept. 18.
S
127,350,000
C a p ita l.................
170,190,400
S urplus................................
Loans and d isco u n ts_ 1,327 ,5 7 3 ,6 0 0
_
5 1 ,7 17,300
C irculation...........
N et d ep o sits...................... 1,355 ,3 8 5 ,5 0 0
U. S. dep. (Incl. above)
1,713,700
Specie ................................
27 4 ,4 3 9 ,1 0 0
Legal ten d ers....................
71 ,9 9 8 ,8 0 0
Itescrvo h e ld ...............
25% of d ep o sits...............
$
D ec. 20",73l'666
Inc.
a6 ,9 0 0
D ec. 25 ,9 4 3 ,8 0 0
Inc.
3 5,700
D ec. 5 ,4 9 0 ,4 0 0
Inc.
126,800
3 4 6 ,4 3 7 ,9 0 0 D ec.
338 ,8 4 6 ,3 7 5 D ec.
Surplus reserve_____
7 ,5 9 1 ,5 2 5 Inc.
Surplus, e x c l. U . S. dep
Averages fo r
week ending
Sept. 19.
Differences
from
previous week.
8 ,0 1 9 ,9 5 0 Inc.
1907.
Averages fo r
week ending
Sept. 21.
8
s
126,350,000
1 2 9 .400.000
161.115.900
1 6 4 .098.300
1,31 8 ,1 5 2 ,8 0 0 1,0 9 7 ,5 7 9 ,0 0 0
5 4 ,4 4 1 ,6 0 0
5 0 ,6 5 8 ,4 0 0
1 ,4 12,563,500 1,057 ,0 2 3 ,6 0 0
9 ,3 1 6 ,7 0 0
3 0 ,5 2 5 ,2 0 0
3 2 3 .6 9 4 .9 0 0
2 0 2 .3 9 6 .3 0 0
79 ,6 6 4 ,5 0 0
7 0 ,2 6 4 ,5 0 0
5 ,3 6 3 ,6 0 0
6 ,4 8 5 ,9 5 0
4 0 3 ,359,400
3 5 3 ,1 4 0 ,8 7 5
2 7 2 .6 6 1 .0 0 0
2 6 4 ,2 5 5 ,9 0 0
1 ,122,350
50 ,2 1 8 ,5 2 5
8 ,4 0 5 ,1 0 0
52 ,5 4 7 ,7 0 0
1 6 ,0 36,400
1 ,131,275
Note. — T he Clearing H ouse now Issues a s ta te m en t w eekly sh o w in g th e to ta l
of th e actu al figures on Saturday m orning. T h ese figures, to g eth er w ith th e returns
of separate b ank s, a ls o 'th e sum m ary Issued b y th e S ta te H anking D ep a rtm en t
show ing th e condition of S ta te banks and tru st com p anies n o t reporting to the
Clearing H ou se, appear on th e secon d page preceding.
Foreign Exchange.—The market, after opening firm,
partly reflecting the covering of maturing loan and finance
bills, grew easier, and it closed with a steadier tone.
To-day’s (Friday’s) nominal rates for sterling exchange
were 4 85% for 60 day and 4 87 for sight. To-day’s (Fri
day’s) actual rates for sterling exchange were 4 8430@4 8440
for long, 4 8605@4 8610 for short and 4 8630@4 8635 for
cables. Commercial on banks 4 84@4 8410 and documents
for payment 4 83%@4 84%, cotton for payment 4 83%@
4 83%, cotton for acceptance 4 84@4 8410 and grain for
payment 4 84%@4 84%.
To-day’s (Friday s) actual rates for Paris bankers’ francs
were 5 18%a@5 18% for long and 5 16%a@5 16%d for
short. Germany bankers’ marks were 94 13-16@94% for
long and 95%d@95% for short. Amsterdam bankers’
guilders were 40 16@40 18 for short.
Exchange at Paris on London, 25fr. 14c.; week’s range,
25fr. 14c. high and 25fr. 13%c. low.
The week's range for exchange rates follows:
St-rling, A civat —
-Low, ------------------------------ Shori-
H ig h .............4 8445
L o w .............4 8425
@4
@4
Paris Bankers Francs —
H ig h ............ 5 18 »Aa
@6
L o w .............5 18*4
@6
14 8010
14 8005
@ 4 8615
@4 8610
1854
l« 5 4 d
15 1654a
15 1754
@ 5 1654
@ 5 1654
Gormanu Bankers' M arks —
H ig h .............
L o w .............
94 13-10 @ 0454
9
@ 94 J4
Amsterdam Bankers’ Guilders—
H igh ........................................................
L o w _____ _ _____ ____________
Less:
Plus:
a 1-16 of 1%.
k 1-10 of 1% .
— Cables-
8455
8435
I
j
9 5 54cf
95 54 a
@
@
40 10
40 15
@
@
H 8645
)4 8635
95 H
MX
I
I
14 8635
4 8625
40 18
40 17
a 1-32 of 1% .
x 1-32 of 1% .
h 3-32 of 1% .
V 3-32 of 1% .
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; selling 75c. per $1,000
premium. Charleston selling $1 per $1,000 premium. New
Orleans bank 75c. per $1,000 discount; commercial $1 per
$1,000 discount. Chicago 25c. per $1,000 discount. St.
Louis 15c. per $1,000 discount. San Francisco 40c. per
$1,000 premium. Montreal 31 %c. per $1,000 discount.
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $33,000 Virginia 6s deferred trust re
ceipts at 46 to 47%.
The market for railway bonds has been somewhat more
active, the transactions on Tuesday amounting to about
5% million dollars, par value. The active list has been
unusually steady, net changes being limited in nearly all
cases to minor fractions. Practically all the exceptions
are convertible issues, which declined conjointly with the
shares. Conspicuous among these are Union Pacific and
Atchison issues. These have also been active. Pennsyl
vania and Southern Pacific convertibles have been notably
active and steady to strong in sympathy with the shares.
Other changes are unimportant.
United States Bonds.—Bales of Government bonds at the
Board are limited to $1,000 4s coup., 1925, at 117%.
The following are the daily closing quotations; f o r y e a r l y
Interest
Periods
2a,
2s,
3 s,
3 s,
3 s,
4s,
4s,
2s,
2 s,
1930 ---------------registered
193 0...........................coupon
190 8 -1 8............... registered
1 9 0 8 -1 8 _________ coupon
1908-18------sm all coupon
1925 . . ............... registered
1925.......... ................ coupon
1 9 3 6 .Panam a Canal regfs
1 9 3 8 .P anam a Canal regls
------- - — ----- 1'*
Sept.
18
Sept.
20
Sept.
Q— Jan
Cl— Jan
Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q — Feb
Q — Feb
Q— N o v
*1005*
*10054
* 101J4
*10154
♦10054
*10054
*10154
*10154
♦10054
*10054
♦10154
*10154
~
Sept.
Sept.
22
21
23
*10054 *10 0 54
*10054 *10054
*10154 *10154
♦10154|*10154
Sept.
24
*10054
*10054
*10154
*10154
* i i 6 X *11654 *11654
*11654
*1175* ♦11754 11754 *11754 *11754 ♦11754
* 100)4 ♦IOO54 ♦10054 *10054i*10054 *10054
*10054 *10054 1 100$ ♦10054|*100J4 *10054
*
u u a m , U U a u t o v n x a 1U U UU .
Railway and Miscellaneous Stocks.—The stock market
has continued irregular, but with the tendency mentioned
last week reversed. In many cases the advance then noted
has been lost, or largely so. The results of the week’s
operations are quite dissimilar, however, as will be seen by
referring to the following pages of quotations. These show
that while Union Pacific, St. Paul, Louisville & Nashville,
Reading and Delaware < Hudson have declined from 3 to
fc
over 4 points, Pennsylvania, Southern Pacific and Canadian
Pacific have made a net gain. The total transactions to-day
were by far the smallest of the week and the market has
been practically featureless, with a sagging tendency.
Of the industrial group, National Biscuit, Republic Iron
& Steel and United States Rubber issues have been the
erratic features. Rubber first preferred, which advanced
6% points at the close last week, has lost a large part of that
gain, while Rubber common has advanced, and National
Biscuit closes 4 points higher. Vulcan Detinning, which
made a sharp advance on Monday, closes with a net loss of
2% points.
F o r d a i l y v o lu m e o f b u s in e s s se e p a g e 769.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
STOCKS.
Week ending Sept. 24.
Sales
lor
Week.
Range fo r Week.
Lowest.
A m erican Telcg & Cable
200 8454 S ep t 18
Colorado Fuel & Iron, pr
100 10054 S ep t 24
G eneral C hem ical, p r e f ..
36 0 x l 0254S ep t22
H om estak e M ining____
310 x91
S ept 20
M anhattan B e a c h ______
400 3
S ep t 18
R om e W atertow n & Ogd
10 125
Sept 20
U S Leather, preferred. .
300 124
S ep t 20
Vulcan D e tin n in g ............. 5 ,920 20
S ep t 24
P r e fe r r e d .......... ..............
100 78
S ep t 20
W estern M aryland certs,
a . first installm ent p a id .
700
S ep t 23
1 I*
Range since J a n . l .
Highest.
85
104
10354
92
3
125
125
2754
78
Sept
Sept
Sept
sep t
Sept
Sept
Sent
S ep t
Sept
1 Lowest.
Highest.
Feb 85
23 75
23 67
Mch 104
18 9854 Jan 108
22 87
Jan 9454
21
254 Jan
554
20 125
Mch 126
22 115
Mch 128
20
6
Feb 2754
20 45
Jan 78
155i( Sept 23
15
Sept
Sept
Aug
Apr
June
Jan
Mch
S ep t
S ep t
S ep t 1554 S ep t
Outside Market.— A continuance of the improvement
noted last week marked the opening of the “curb” market,
though this was soon followed by a reactionary movement,
with a resulting weakening of prices generally. Later trad
ing was dull and irregular with activity in spots. Chicago
Subway recorded a further break—from 10% to 8%, the
close to-day being at 9. American Tobacco from 455 sold
down to 450 and up to 460, dropping finally to 447. Ameri
can Writing Paper preferred became active and rose from
25% to 28, then reacted and closed to-day at 27. Inter
national Nickel preferred lost a point to 88 % but recovered
>
to 89%. Sears, Roebuck & Co. common, which has been
moving up steadily of late, jumped this week from 104 to
113%. Standard Oil moved up 5 points to 705 and back
to 700%. United Cigar.common declined from 83 to 81%.
The activity in the mining list was principally in low-priced
shares. Copper stocks weakened. Boston Consolidated
from 15 moved up to 15%, but fell back to 15. British
Columbia advanced from 6% to 7 and sagged to 0%. Butte
Coalition sold up from 25% to 27%, dropped to 25% and
finished to-day at 25%. Davis-Daly lost over a point to
5 9-16 and sold finally at 5%. La Rose Consolidated moved
up from 7 15-16 to 8 1-16 and back to 7 15-16. The regular
dividend of 3% with 1% extra was declared. United Copper
common weakened from 10% to 10 and ends the week at
10%. Nipissing declared an increased dividend of 5% with
2 %% extra, and the stock was actively traded in, the price
advancing sharply from 10% to 13%, followed by a reac
tion to 12%. Cobalt Central went down from 36%c. to 29c.,
the directors of the company having decided to postpone
payment of the dividend. Goldfield Consolidated advanced
from 6 15-16 to 7%, but weakened and ends the week at 6%.
Outside quotations will be found on page 709.
N w Y rk S c E c a g —S c Rc rd D ily, We ly a d Yearly
e o to k x h n e to k e o , a e k n
O C C U P Y IN G
0
ST O C K S — H IG H E ST A N D L O W E ST ' A L E TRIC ES.
Saturday
Sept. 18
M onday
Sept. 20
Tuesday
Sept. 21
Wednesday
Sept. 22
Thursday
Sept. 23.
TW O
Friday
Sept. 24.
Sates /
the
Wee/e
Shares.
PA NES
ST O C K S
N E W Y O R K ST O C K
EXCHANGE
Range since Ja n . I 1901).
On basis of 100 -share lots.
R a ilr o a d s
1197S 1203, 119% 1203, 119% 1203; 1185s 1193; 118% 118% 106,200
9 NS J a n 13
tc h T o p e k a & S a n t a F e
1U3 lUo *104% 1047, *104% 105
10434 105
104 1013;
1,065
D o p r e f ____________ )0 0 % I a n 20
130 136
135 130
135 135
135 135
134 13412 ,010
la
o st
14
118 118^ 118 1183; 1177S 1187, 117% 1183; 117% 1173,| 116% 117% 38^420 A ta l tn tico Ce a & L in e oU. R . . 10712 J a n 23
B
im r
O hi .
10312 F e b
’* 941.1 951.. *941, 951
*94% 95% *94% 95% *95
951 *95
95*.
• '
D o p r e f____________
92 F e b
_ 79
80';
7934 Sl%
793s 80%
79% 80%
79% 803,
79% 80%
B r o o k ly n
T
67
n 9
H8JI4 1843; 184 184% 182% 183% 182% 183% 181% 182% 181% 183% 75,375 /"C anadian R a p idific r a n s it. j 165 J a ch 3
Pac
___
M
10,200
• *63*2 71
* 68% 71% *68% 71
*6 8 % 703 * 68% 70
*68
71
v o a n a d a S o u t h e r n ______
COI4 J a n 11
518 323% 320 320
321 323 *300 325 *310 320 *310 325
1,400 (Central o f N e w J e r s e y ___ 216 F e b 23
82^2 831
83% 843a
82% 83183% 84%
82% 83% 63,700 C h e s a p e a k e & O h io _____
83% 8434
653s J a n 6
6912 693;
695,,
69
66
66
86
68% 67
67
66
66
2 ,3 0 0 C h ic a g o & A lto n R R ____
57% F e b 24
7234 73
*74
75
*72
75
*70
73
*-----77
*71
74
200
D o p r e f________________
71 F e b -4
/111
11
16 16%
16% 16%
1534 16
16
10
15
15%
3 ,1 5 0 C h ic G W es c tf s d e p 2d pd
hS A u g 20
*62
____ *61
62
62
*62
____ *62
____ *62
____
61%
100
D o 4% d e b e n c tfs d e p .
*34
35
3478 347a *34
35
*34
35
*34
35
34
34
200
D o pref “ A ” c tf s d e p .
27 A u g 16
/»15% 1534
21
21
203., 203.,
20% 21
20% 20%
700
D o prei ” B " c t f s 2 d p d . 7113*4 A u g 23
163% 16518 162% 164'% 160-% 163*8 160 1623S 15934 161% 15934 160% 150,900 Chicago M ilw & S t P a u l. 141 F e b 23
I 8OI4 1807s 179 179% *178% 179% 177% 178
177 177
175% 176
3 ,0 0 0
D o p r e f________________ 158*2 M ch 15
195 195
192 193
195 195% 193 195
191% 192% 191% 19134 3 ,3 0 0 Chicago & N o r th W e ste r n 1/318 F e b 24
>221t2 230 *221% 230 *221% 230 *221% 230 *220 230 *220 230
D o p r e f . . ........................... ; 208 M ch lo
*160 165 *160 165 *160 165 *160 165 *155 165 *155 160
C h ic S t 1’ Min:: & O m a h a 148 A p r 22
*170 180 *170
180 *170 180 *170 180 *165 180 *165 175
D o p r e f _______________
1001 J a n 30
6
6
*512
6
6
6
6%
5%
6
0
6
6
4 J ’ly 6
2 ,0 0 0 C h ic U n T r a c ctr* «tm pd
*123, 15
13
14% 14%
14
14% 14%
14% 14% *14% 15%
1.200
12 J ’ly 12
D o prof c tf s s t m p d ___
74% 74174% 75%
73
73
74
74%
74
74
74
74
1,200 C love Cin C h ic As S t L ___
18 ..a n 29
*104 110 *104
lit ) *104 n o
*101 110 *101 110 *103 110
D o p r e f________________ 100 J a n 4
$5334 5334
53
53%
53% 53% *53
53% 53 <
g 53% 54
54
1,940 C o lo r a d o & .S o u th er n ____
517S S e p 10
80
80%
*7912 8W2 *79
79% 79% *79
791- 79% *79
80
7b% Jan 2
'275
D o 1 st p r e fe r r e d ..............
80
*78
80
78
78
*78
80
*78
*78
SO
73*4 J a n 2
*78
80
115
D o 2d p r e fe r r e d _______
1921., 195% 1923, 194% 191% 1913., 1903., 191% 13,975
10ol2 19G34 195% 198
e la w a r e & H u d s o n ___ 1673, F e b 24
550 550
550 550
550 550 *550 560
555 555 *560 570
'500
e la w a r e L ack & W e s t . 535 F e b 0
•IS
48
47% 48%
47% 48%
47% 48
47
47%
4634 47%
7 ,250 D e n v e r & R io G r a n d e —
373s J a n 6
8 6 % 80
80
*86
86*2 §86
8 6 % 86
85% 851- *85
86
590
79% J a n 6
D o p r e f ________________
*691 - 70
*70
72% 7 0
*69% 75
*69% 75
70
*69
75
66 J a n 30
100 D e tr o it U n it e d ___________
1534 16
15% 15% *15
*151- 16
*15% 16%
16
*15
16
15 A u g 30
400 D u lu th S o S h o r e & A tlan
*291- 31
30
30
30
30
*30
31
30
30
*29
30
400
28 F e b 23
D o p r e f________________
35*4 36*8
35% 30
35% 36l-i
35
35%
34
343j 3 9,500 L ' r i e ..........................................
34% 35
2258 M c h ll
52
523,
5278 53%
§513, 513,
53
51% 52
2 ,600 i-J D o 1 st p r e f_________
53 % 52% 52-s
36*2 M c h ll
*43
41
42% -12% 423., 42%
*43
41
42% 42%
42% 42%
600
D o 2d p r e f........... .......
281- M c h ll
15373 1557g 153% 1543, 152-4 153% 152% 153% 43,350 G rea t N o r th e r n p r e f........... 136% F e b 24
154 15538 1543.1 156
83% 8418334 84%
82% 84
81% 83%
81
82%
81
8 F> 22,050
4
Iro n O re p r o p e r t i e s .. .
65 is Mch 12
'____
15*4 *_ . _ 15% *1434 15%
*143., 15
1 G reen B a y A W . d e b c tf B
15
15
14 F eb 26
c
15%
*751 *>____ *75
*76% 78 *____ 80
*76% 7734 *75
80
200
a v a n a E le c tr ic _______
39 F e b 1
*88 l* yo
>
90
90
90
*83% 90
90
*831- 90
100
*83% 90
D o p r e f.........................
83>S F e b }>
____ *118 122 *118 122
'____ 124*2
*1181- 122 *122
H o ck V a l J 1* & M Co r e ts
97 M a y 3
*91
923., *90
*90
93
91
*883, 95
*89
91
200 H o c k in g V a l l e y p r e f ____
88 A p r 2,
1523., 15334 151% 152% 151% 151%
15378 154% 154 % 155'; 154% 155
6,084 I llln o ls C e n tr a l.
137 F e b 20
147, 15% 14% 15
14% 15
14‘s 15
14% 15
8,365 » n t e r b o r o - M e tr o p o lit a n .
143, 15%
1 1% M ch 23
4734 48*2
47% 48%
47% 48%
4734 48% 15,548
473., 48%
48% 49
D o p r e f______________
3 631 M ch 23
29
293., *291- 30
30
30
2934 *934
*29% 30
29% 29%
900 Iow a C e n tr a l_____________
27 F eb 24
♦bi
53
890
*51
53
51% 52%
53
51% 5134 §52
50's 5134
D o p r e f_______________
48 S e p 9
*803., 82
*8134 8 17s *813., 81% *803, 82
81
81
*80% 82
100
C F t S & M tr c fs . prci
7484 F e b 2
4534 4 6'% 9,760
45% 463.|
47*4 48
45% 46%
461, 47
n n sa s C ity S o u t h e r n ..
37 F e b 23
47*4 471723., 723,
7238 723,
72
727s
72
72
72
72%
4,660
73
73
D o prer
07% F e b 21
*24
20
2G1- *24 • 26
100
26% *24
26% *24
*24
261- *24
a k e E rie & W e s t e r n . .
19i2 F e b 2t
*57
60
*57
60
55
56
*54
60
G
O
*57
60
D o p r e f _____________
*57
48 . a n 23
*66
69
603.1 663a * 68% 70
*6 6 % 70
*05% 69
*651- 69
100 L o n g I s la n d ______________
59 Ja n
15414 15412 153% 1553g 153 154
15134 152
153 153
151% 151%
4,300 L o u is v ille & N a s h v i l le ___ M 21 Jan 29
1421- 142% 1433.1 14334 143 143 *143
1423., 1423.,
144% *142% 143
420
a n h a t t a n E l e v a t e d . . . HOI4 A u g 20
*20
24
*20
24
24
*20
24
*20
*20
24
*20
24
15 J ’ly 2
e tr o p o llta n S t r e e t ___
523., 523.,
523, 5234 *52
5H 2 53
53
5234
52% 52%
53%
1,520 M in n e a p o lis & S t L o u i s ..
51 S e p 16
86
88
*85
*85
89
90
*85
90
*84
88% *84
200
87
D o p r e f................................
81 .’lch lO
-14434 145*2 145 145% 144% 144-8 144% 145
143% 144
143 144
2,390 M inn S t P & S S M a r ie .. 13212 J a n 2
162 162 *162
100
166 *1613, 165 *161% 106 *161% 166 *161 162
D o D ref........................ ....... 147 A p r 13
92
92
*895g 91
*891- 90%
89% 89%
89% 90
90
90
700
D o le a s e d lin e c t f s ___
89 J ’ly 22
41% 42%
41% 413,
41
4134 41
41*4 421,,
35% F e b 23
41%
40% 41% 12,000 Mo K a n s a s & T e x a s _____
*73
75
*73
75
73% 73% *73% 7434
500
71 F e b 23
74
74
74
74%
D o p r e f________________
72% 721,
7034 72
65 F eb 24
72
72%
7034 71
5,800 M issou ri P a c ific
71% 72%
70
71
'133 138 H 33
1=133 140 *133 138 *133 140
138 +133 138
a s h C h a tt & S t L o u is , 122* ■ J a n 5
>
44i2 A pr 6
1,825
59
59
*5834 59%
a t R y s o f M ex 1 st pref
59% 59% *58% 59
59
59
5834 59%
24U 25
241- 2434 §24% 24%
2434 25%
24% 24%
6,920
25
2212 A u g 16
251,
D o 2d p r e f_____________
137% 138
137% 1383.1 13633 138-s *135% 137% 13434 1353., 134% 135% 61,830 N Y C en tra l & H u d s o n . 12012 F e b 24
55
55
*55
57
*55
57
400 N Y C h ic & S t L o u is ____
*55
*55
57
57
57
57
4812 Mch 15
100 105 *100 105 MOO 105 *100 105 *100 105 *100 105
D o 1 s t p r e f_____ ______ 100 F e b 20
881- *86
88% *86
88% *80
88%
50
88% *86
588-3.1 88% *86
D o 2 d p r e f........................
76I4 A p r 6
1,610 N Y N H & H a r tfo r d ____ 157*8 F e b 24
17034 171
170% 171
'168 170
170% 170% 170% 170% 170 171
49% 50%
49
493,
49% 503.!
49
49% 16,700 N Y O n ta r io A W e s te r n .
49% 49-s
421, F eb 24
48% 39%
943g 953s
913.1 95
94
95
941- 94%
7 ,100 N o r fo lk & W e s te r n _____
95
95
93% 94%
8 4 i4 J a n 6
93
400
*91*2 9212 92% 92% *90% 92% *90
90% 90%
90% 90%
D o a d j u s tm e n t p r e f ___
85*8 M ch 26
15434 155% 7 975 N o r th e r n P a c ific _________ 1331.1 F e b 24
157 1583;: 158 159% 156% 15S% 155% 157% 155 156
1051., 10534 *105% 106
I . jO P a c i f i c C o a st C o .
O
108*2 1061;* 10634 10034 100% 106% 105 106
70 M ch 3
*100 110 *100 n o
*100 108 *100 109
>100 110
K
100 n o
I
D o 1 s t pref
100 i t c h 30
*105 n o
*105 n o
*105 107
400 n o
><106 110 *106 n o
D o 2 d p r e f_________
88 Mch27
146 147% 14634 147% 365,762 P e n n s y l v a n i a ____________ 1201s F e b 83
I l l ' s 1455, 14478 1453,, 144% 147% 1453., 148
9434
93% 93% *92% 93% ♦92
93%
92
93%
4,748 P ltt s b C ln C h ic & S t L . .
9012 901;
91
80D J a n 5
4 1 0 115
250
115 115
115% 116% 115 115 *115 117% *115 117%
D o p r e f________________ 101 F e b 10
169*2 171% 16934 171% 169 1733s 10734 171% 166% 16834 165% 167% 1018700 D e a d ln g _________________ 11s F e b 23
89 M oh22
*90
931.1 *90
93% *91% 93% *91% 93% *91% 93
*91% 9.3
LV 1 s t p r e f _____________
103 103 *101 10312 d p r e f_____________
90 F eb 1
99 100
99% 99%
2,400
IOH4 101% 101% 102
383g 39%
3 9 I4 39%
38% 39%
39% 397S
20's F e b 24
38% 38%
37% 38% 26.925 R ock I s la n d C o m p a n y —
67% F e b 21
75% 76%
76
76%
75% 753., §74% 74%
76% 77
4,725
D o p r e f ........................... ..
76% 77*4
65i.t M ch 29
72
* 7 H - 72
72
72% *71% 72% *71
225
t L & S a n F r . 1 st p r e f.
72% *71
*71
72%
30 F e b 23
58% 5934
58% 593g
3,585
59
59%
D o 2 d p r e f ___________
*59*4 60
58% 58%.
57% 58%
201* F e b 25
20% 2 6 ’;
26% 2734
15,400 S t L o u is S o u t h w e s t e r n ..
27* 1 27%
273s 29
27% 27%
27% 28%
(i!)
08% 69%
11,200
091.,
47*2 J a n 6
69% 701.,
69
70
D o p r e f________________
69*4 69*i
69% 70%
i H i j F e b 24
1293.1 130% 13034 133% 131 133% 131 132% 130% 13134 130% 131% 259,100
31
3134 30% 30%
31% 31%
82 F e b 24
311- 32%
31% 31%
30% 3034 14,000 S o u th e r n v tr cfs s t m p d .
1,906
60 J a n 6
693., 70%
71% 72
70% 71%
D o pref
do
*70% 71%
71% 713.,
69% 69%
36
3034
7,400
30 F e b 24
363.i 37
35% 3534
’e x a s & P a c ific ________
35% 35% *35% 36
30
37%
2134 22%
16 J ’ly 2
231- 237g
22% 24
21% 23%
2134 23%
21% 22% 10,600 - h lr d A v e n u e (N Y ) . . _
100 1’o le d o R a ilw a y s & L ig h t
*8
10
7 M ayl2
*8% 10
*8% 10%
*8% 10%
9%
9%
*9
10%
62
523g
43 F e b 26
52
521- *50% 52
1,500 T oledo S t L & W e s t e r n ..
*50
52
51
51%
51
51%
7 ,000
7134 72%
72
72
72
72-% 713s 72%
D o p r e f ________________
64-4 F e b 24
71% 721,
7134 71%
3,250 Twin C ity R a p id T r a n sit
11038 110%
no
110*4 110% 110% n o
110% *109 n o
1091- n o
97 J a n 2
203 206% 202-38 204% 202 203% 370,150
n io n P a c ific ...................... 172*2 F e b 24
205% 206% 206% 207% 2031- 207
13,025
105% 1061., 104% 106
106% 108% 100% 108
D o p r e f____________ 194 M ch 1
108*4 109% 107% 109
4334 45%
44
41
1.200 U n it R y s I n v ’t of S a n Fr
*42% 45
30 F e b 25
441- 44% *43% 44144% 45%
74
74% *72
74
7434
72
73
71
743j
74
*70% 73
3,905
50*4 F e b 26
D o p r e f-----------------------20% 20%
3,100
a b a s h .................................
16 F e b 23
19% 20%
*20*4 207s
20% 21
20 >, 21
19% 20
50% 52%
41 F e b 23
D o p : c f ......................
51% 52%
49% 50%
49% 50
24,210
50% 51%
50% 5034
fiti
31- J ’ly 30
*315%
700 W e ste r n M a r y la n d _______
*315%
*315
5 “ J ’l y 13
9%
934
9%
9%
1,250 W h e e lin g & L a k e E r ie ___
934 10
*9
10
9
9
*9 " 10
*18
21
*18
21
*18
20
21
*19
21
D o 1 st p r e f........................
*18
21
*18
1514 J ’ly U
*10
12
*10
12
*10
11
700
*10
12
11
12
D o 2 d p r e f.........................
11
11
012 J ’l y 13
*53
50
*53
50
*53
57
100 W isc o n sin C e n tr a l_______
357a J a n 6
54
54
*53
56
*53
56
361.1 ' ‘<•63
____ *88
____
100
D o p ref T r u s t C o c tfs
____ *90
____
88% 88% ..................... *88
*90
120 1203
*101^2 105
Itange tor INevtous
Year (1908).
Highest
A
n
H
K
M
N
S
1
U
W
Highest
12Us A u g 12
10684 J ’ne21'
1431- A u g 12
122*4 J ’l y 29
96 A p r 12
827s J ’n o 7
18914 A u g
6934 A u g 21
32312 S e p 18
84-34 S e p 20
7434 A p r
78% \lc h 2 7
16*2 S e p 20
101U D eo
104 D eo
H H 2 D eo
*11% D eo
Of D eo
6984 D eo
lSOlg N og
68 N o v
129 D o c
693., D eo
687a D e o
79 D e o
14*8 N o v
68*4 A u g
r'd D e o
17*8 N o v
152l2 D e c
1643. D e o
185l2 D e o
224 D e o
160 D e o
174 D e o
7ig D eo
18 D e o
701- D e c
1
.97., D e o
59 D e o
79 D e o
76 D e o
,81%! D eo
f76 N o v
40i2 D e c
83*4 D e o
66 N o v
r.8"( N o v
3334 N o v
36 N o v
513s D e c
41 D e o
148*4 D e c
76*8 N o v
17*2 D e o
40 D e o
84 D e c
l0 4 i2 D e c
93 D eo
14934 N o v
20 D eo
49*2 D eo
3212 D eo
67 D eo
7512 D eo
423S D e c
72ig D e c
26 D e c
58 D eo
56% D eo
12534 D e c
15134 D e c
44t2 D e o
66*2 D eo
90 D eo
136 N o v
*51% D e c
66 F e n
83% Feb
69*2 Mch
76% F e b
80 J a n
37*4 F e b
140 F e b
64 Mch
160 F e b
2512 F ob
19 F e b
47 Mch
31s F e b
33*2 Met
3534 A u g 3 0
15*2 F eb
21 S e p 22
5 Feb
165 *8 S e p 18
103*2 Jan
181
A u g )6
138 J a n
1 9 8 *2 A U g l S
135*2 J a n
230 A u g
i 186 Jan
167 A u g 1.
114 F e b !
> ISO J ’l y 27
140*2 J a n
7 Jan
% A pr
I 8I4 J a u 27
4 Apr
70*2 F e b lb
4712 J ’ne
105 M ch 22
85>8 F e b
68*4 J a n 8
21 F e b
86 M ay
60% Jan
3934 F e b
8412 J a n 7
200 M a v l4
141*2 F e b
680 A p r 22
420 Jan
64 A p r 2U
14*4 F e b
90 F e b 10
3914 Mch
713, A u g 13
32i2 A pr
21 J a n 16
6 Feb
1134 F eb
30*2 J a n 15
39 J ’n e 7
12 Mcl
66% A u g 9
24% Mcl
40 A u g 2
10 Mcl
1577s A u g 12
I1334 F e b
8 8 t2 A u g l2
48*2 Jan
17 J a n 4
8 Jan
78i2 S e p 14
20 Mcl
90 S e p 16
170 Jan
120 A u g 14
62 F e b
9412 J ’n e 11
09 M ch
162*8 A u g 12
122*2 F e b
19 J a n 6
63, J a n
623s J ’n e 28
17*8 F e b
3b A p r 16
10 F e b
62 A p r 16
27*2 F e b
82 S e p 14
67 A ug
6OI4 A u g 18
18 F e b
76I2 A u g 18
46 F e b
291- A u g 2
12 J a n
647s J ’n e 14
34 May
71*8 M a y 24
30 F e b
10212 A u g 12
87'.| F e b
12i) J a n
42 " J a u 5
15 F e b
65 Jan 8
V
O Mch
90 Jan 8
61 F e b
149% J a n S
79% Ja u
164% A u g 9
123% F e b
92 S e p 17
. . „ ___ 22
17*2 Mch
76? A u g 24
8
46 F e b
77*2 A u g 6
28l2 F eb
139 i2 A u g 12
9734 Jan
61 S e p 10
26'., M ay22
1 4 ,34 A u g 18;
90is J a n
59 J ’n e 7
24*2 Jan
100 F o b 20
90 J a n
88 A u g 17
60 Feb
1743, J 'lie 14
12838 J a n
55% J ’n e 12
29*8 F e b
90% A u g 7
58 F o b
02*2 J ’l y 28
71 Mch
159i2 A u g 12
1167g J a n
107 S e p 16
65 S e p
105 A u g 21
90 Ma>
100l2 S e p 5
79 M ch
148 S e p 22
10834 Ja n
947s A u g 3
59 Ja n
I I 6I4 S e p 21
81*8 Mch
921 F e b
«
17 333 S e p 21
96 A u g 23
78 Jan
IOD4 M ay 13
76 Ja n
4 238 A u g 12
10i2 F e b
803S A u g 16
2034 F e b
73 J ’l y if
42 J ’ne
6034 S e p 16
19*4 F e b
29 S e p 24
10 Mch
71*2 J 'n e 2
24l2 F e b
139*8 A u g li
601 F e b
4
34 A u g l i
9ig J a n
75 A u g 12
2512 Mch
1234 F e b
4012 A u g 23
42*a J a il 18
15*2 Mch
153s J a n 2
01- O ct
64'i.| A p r 19
12 F e b
74i,i fa n 4
33 F e b
110*2 S e p 20
78*4 F e b
210 AUg 16
110i2 Mch
U S '- A u g li
?Ui4 A pr
•17 S e p 13
15 J a n
77 S e p 14
27U J a n
243s J ’n e 16
0% Mch
613, J ’n e 16
13 Mch
283s M a y 7
6 Mch
12% J a u 4
41- Mch
257s J a n 8
12*8 A pr
6 Feb
15*8 J a n 8
037g A p r 20
13*2 F e b
9 1 7, MnvliO
43 ';
76%
67*2
122
D eo
D ec
D ec
N ov
u-6 D ec
57*2 D e c
105 N o v
85 D e o
161 N o v
47 7 D e c
8
86*4 N o v
88 D e c
15734 N o v
93i2 J a n
9o May
97 J a n
132*4 D eo
88% D e c
10S34 N o v
143*4 D e c
92 D e c
99 D e c
26% D e c
025, D eo
b'J D e o
4214 D e c
24 D e c
65?s D e c
122i 2 D e c
27i4 D e c
6 3 i2 D e c
3714 D e c
47
> \U g
15*2 D e c
60 D e c
73*2 D eo
96% D e o
I847s N o v
98 N o v
40 D e c
69*2 D e c
208s D e c
5234 D e e
24 D e o
13 D ec
16 4 D eo
15 • N o v
3 Sij D e c
HANKS AiNI) TRUST COMPANIES— BROKERS’ QUOTATIONS
ASk
Hid
Banks
C h .ls e a E x 1i 200
445
H ew Y ore
C h em ica l . . 430
f L s tn a _____ 180
C itiz e n s' Ctl 157% 162%
A m erica 11.. 675
685 ‘ C i t y . .............. r43j
K.mer E x c h . 250
150*
255
Coal & Iron 140
..
B a tte iy Pk
13)
C o lo n ia l D . . 300
425
B o w e r y H . . 375
C o lu m b ia H. 375
B r o n x B o r o l 390
C o m m erce . tl.)5 1201
B r y a n t P k 1 155
165' C op per . . . .
V75
B u tc h & Dr n o
338
150
Corn E x D -- 334
C e n tu r y 1 i .. I/O
175
135
E a st R iv e r . 126
____ F id e lit y 11.. 165
C h a s e _____ 360
175
C h ath am
340
—
F ifth A veil 4260
—
* B id a n a a s n e u prices: n o s a le s w ore m a d e o n cm*
t S a le a t S t o c k E x c h a n g e o r a t a u c t i o n t h is w e e k .
1
1
Banks
Hid
Ask
Eld
Ask
Hid
Banks
B anks
350
F i f t h ........... 300
Jefferson 1 . 130
85)
F irst .............. 825
L ib e r ty ------ 655
1 /5
1 1th S t 1 - . 155
1
Lincoln. . . . 420
23/% M anhattan ^ 335
F o u r t h ____ 230
G a lla tin . . . 3 4 )
350
M ark’t& F u l 255
G a r f i e l d ___ 2JJ
303
M ech a n ics’ .
____ M errantllo . 170
G erm A m 1 140
:
G er m ’n E x t 450
Merch E x c h 169
550
G er m a n ia 1i
- I I I M erch a n ts’. 170
G re e n w ic h 1 265
230
M etrop olis 1 375
.
H a n o v e r . . 555
....
L ftro p o l'n l
137%
im p & ’Trad f 545% ___
Me M o rrh li- 250
Ir v in g M Kx 200
91 1
M utuai 1 1 .. . •290
day.
1 .'ix - a g u ts,
j L ess c iu .i l o o sn a r e s.
7s F ir s t I n s ta llm e n t p a id , n S o ld a t p r iv a te
Hid
Ask
B anks
..
N a ssa il H - - - 215
210
N ew N e t t l’d 200
N ew Y orkG o 750
N ew Y o rk . 327% 337%
....
N’ht 3c D a y 1 f225
____ 4 -0
1 9 th W a r d .
115
1 ).i
N o r th e r n . .
230
240
P a cific 1 —
1
P a r k .............. 1470% . . . .
296
40*5* " P e o p le ’s 11- - 230
135
18 J
195
P l i e n l x ____
026
P la z a 11------ 610
31*:)""
1 s t a t e o iii-cs. 4 l ix - d lv id e n d
1
s a le a i t h is p rice.
Ask
"___
435"
315
263
2 60
180
Banks
Prod E x c h T
d e s e r v e .. . .
Seaboard . .
S e c o n d ____
Sherm an . .
S ta te 1i____
1 2 tti W a r d .
23d W ard 1
U n io n Kxc .
•V ash l l ’t - i
V est S id e 1
y o r k v lllc i ; ;
Hitt
A* *
V
J72% lS 2 lj
135
142U
355
37 5 *
3 7o
135
- -- 300
____
___
t>0
___
100
1871- 195
_.
270
500
__
42 •
a n d r ig h ts . 0 N e w s to c k
ST O C K S— H IG H E ST A N D L O W E ST S A L E PR IC ES
Saturday
Sevt. 18
Monday
Sept. 20
Tuesday
Sept. 21
Wednesday
Sept. 22
Thursday
Sept. 23.
Sates o'
the
Week
Shares.
Friday
Sept. 24.
STOCKS
Range since Ja n . 1 1909
Oi: basis of 100-share lots.
N EW Y O R K STOCK
EX CHA NG E
Lowest
Range tor Previous
Year (1908)
Highest
77 Ighest
f n u s f r ia l& M is e lla n e o u
d a m s E x p re s
AdIIlIs-ChAlrnf»r«css _________s
lls -C h a lm e r
*228
*228
*228
*228
*229
*230
15%
15% *15
15% 15%, 15
15% 1538 *15
15% *15
15%
54
52% 53% *52% 54
54
54% *52
53
63
52% 52%
83 31 84%
83% 85
83% 8U
83
84
82% 83%
82% 8338
4578 47
17
46% 47
46% 47
47
40
46%
46
46
*1021'.
*102%
*103%
*104 105% *104
*100 1031.1
46% 47% 4578 47*
40% 47’
46% 46%
40
4678
40%
40
*95
97
97
97
"
97% 97% *93% 98
*95
98
*95
98
1234 13%
12% 13%
12% 1212
12% 12%
12% 12% *12% 125S
82
.82
82% 84
82% 83%
82% 83%
82% 83
82
82%
09% 70%
69% 70%
70
69
09
69
68
08%
68% 6834
118% 11834 *117% 120 *119 119% 117% 119% *118% 119% *118 119%
74% 7434 7-1% 74%
74%
73
73-% 73%
73% 74
73% 73%
*101 105 §102% 102% *101
105 *101 105 *101 105 *101
105
*228 240 *228 240 *228 240 *228 240 *228 240 *228 240
9%
9%
93*
9%
9%
9%
9
9%
*878
*8% 9 I4
9%
4938 49%
49% 4 9 V
49% 49%
48% 4938 48% 48%
48% 49%
2834 29
28%
28
29
26% 27%
—
26
26%
27
27
10% 10%
10% 16%
10%. 16%
10% 16-% 16% 16%
16% 16%
*423.! 44
4284 43%
42
42% *41
4314 431
43
*41% 43
5934 01%
00% 01%
01
61%
59% 61
59% 00
591.1
59
118 118% *116 110% I I 534 1153,, §110 110 *115 117
117 117
9%
934
9
9%
934
9%
9%
9%
9%
9%
934
*9%
58%
58% 59
57
57% 58%
57
57%
50% 563.|
50
50%
91'% 91%
91% 91% 591-3i 9134
91%. 91% *91% 91% *9138 91%
99% 100%
99's 1018s
99% 101%
99% 101%
9938 100%.
99% 100%
* 112li 11234 112% 114% 113 111
113 1131
113 113% *113 113%
*250
. . . *260
. . . *250
____ +250
. . . *250
*250
____
*100 104 *100% 104 *100%. 1031 *100% 102% *100% 104% *100% 104%
(ill* 01% *01
60% 01
02%
60% 61
60
60%
00
60
132 134
133 " 133 *132 133
133 134% 132 13534 135 13038
*125 127 *125 127 *125 127 *125 128
128 129
12 l % 128
14 234 1433;j 14 234 14338 142% 143% 143 143% 143 144% 1437g 144%
*10034101
101 101
101
101
101)7% 101
100-3., 101
100% 100%
39% 39%
39% 39%
39% 39%
39% 39%
39
39
38% 39
105% 10534 106 10078 106 106% 100% 106% §104% 104% 104% 104%
4984 51/34
49
51
48% 49%
49% 50%
49
4934
49
49%
*109
.
*109
____ *109
...
*109
____ *109
*109
____
*107% .
* 1 0 7 % ------ +107% . . . * 1 0 7 % ____ *107%
* 1 0 7 % ____
*4%
434 *4%
434
* 1% 434
*4%
43,
* 4% 4.%
4%
4%
35% 3578
35
30
35
30%
35
35%
35
34
34% §35
*00
08% *06
08
07
07
*05
68
*65
68
*05
68
*145 140
148 148
148% 148% *148 150
148 148 *147% 148%
18% 19%
19% 1978
19% 20%
19% 20%
19% 1934
19% 20
*30
31% *30
31
*30% 31% *30
31
31
31
*30% 31
44% 4538
44% 451
44% 4538
44% 45
45% 47%
44% 45%
*108 109% 109 1091
10938 10938 *108 109% *108 109% 109% 109%
45-'>s 40
40
47%
45% 46%
44% 46%
4478 46
45
45%
77
77
77
77%
76% 76%
70% 77%
7738 7734
77
77%
28c. 28c.
27c.
30c 300.
30c
140% 147
145% 147
144% 140% 145% 147% 145% 1483a 147
14834
227. 23
23
23%
22% 22%
22.% 23
22% 2234 22% 22%
8034 8634
80-% 87
86% 86%
80% 86%
§85% 85%
86
80
00
*55
00
*55
59% 60
00
62
*57
*58
*58
02
37% 38
38% 381.)
3738 38
37% 37%
38
37% 3734 *37
891
*77
*85
89% *77
89% *77
89% *77
89%. *77
89%
92
*88
89
89
*88
91
91
*803.1 91
*87
*87
91
190 J a n 20 §225 A u g 20
164 J a n
2 ,200
1231 F e b 24
1078 A u g 3
6 Mch
2,025
D o p r e f___
38 F e b 2 4
57»s A u g 3
14 Mch
130,250 A m a lg a m a te d C o p p e r ! ”
89% A u g 12
66 F e b 20
45% F e b
2,900 A m er A g r ic u ltu r a l C h em
33% J a n
50 A u g l i
13 J a n
D o p r e f ............
95% J a n 18 103 A u g 3
78% Jan
l i ' i o o A m erica n B e e t S u g a r . . ! "
491a A u g 2
20% J a n 13
9% F eb
450
D o p r e f _____________ "
t 2 J in
97% S e p 21
05 J a n
24,200 A m e r ic a n C a n _____ ____
7% F e b 23
14% ..la y 21
4 Feb
10,500
D o p r e f_______
80 J ’ne 4
71% F e b 23
44 J a n
5,810 A m erica n Car & F o u n d r y
44% F e b 24
70% A u g
’6% Feb
.
100
D o p r e f ____
107% F e b * 12434 A u g
84% Mch
6,050 A m erica n C o tto n O i l ! ! ! !
42% J a n 5
77% A u g 9
24*4 F eb
50
D o p r e f ___
98 J a n
1001.1 M a y 11
(80 J a n
A m erica n E x p r e s s .!
§205 F e b 5 232% A u g 16
170 F e b
’ ""766 A m erica n H id e & L e a th e r
0% F e b 25
10 S e p
234 F e b
2,600
D o p r e f____
34 F e b 24
6178 A u g 3
12% Meh
2,325 A m erica n I c e S e c u r it i e s .!
18% J a n 8
42% A p r 13
12% F eb
1,200 A m erica n L i n s e e d ______
20 J ’n e 14
12 F e b 25
0 M ch
1,100
D o p r e f_____________
473.1 J ’ne 14
29 J a n 12
17 Mcl
6.500 A m erican L o c o m o t i v e .
09% A u g
49 F e b 23
81*g F eb
850
D o p r e f____________
109% F e b 24 122 A u g 4
86% J a n
1.500 A m e r ic a n M a lt C c r p .
I lia .j’n e 1
5% J ’l y 10
: Aich
9,250
___
D o p r e f___
59 S e p 20
•12 J a n 7
21 J a n
920 A m er S m e lte r s S e c pref B
02% A u g 27
> 0 Jan 4
■
70 Jan
92,325 A m er S m e lt in g * R e fin in g
7734 F e b 24 10)78 A u g 12
55% F e b
4,100
D o p r e f________________ 101 J a n 2 11684 A u g b
873.1 F e b
A m erica n S n u lf __________
226 M eh 9 280 A u g 6
IS’.' A u g
D o p r e f ________________
95 \ . - h 1 106 M ay 22
80 Mch
1,384 A m er S te e l F o u n d ( n e w ) _
34% F eb 2-.
63% A u g 7
28 S ep
33,925 A m e r ic a n S u g a r R etln in g 121 J ’n e 17 :30% S e p 2 1
98*4 Jan
700
D o p r e f_______________
a
120 J ’n e 10 1 3 1
105 F eb
3 8 ,850 A m erica n T c le p h & T e le g 125 F e b 1 144% S e p 2i
101 J a n
1,115 A m erica n T o b a c (new ) ,pl
20% F e b 6 101 A ta v 'l
72% Jan
1,515 A m erica n W o o le n ________
40% A u g 27
20 F e b 4
15% F eb
2,338
D o p r e f _____ ______ ___
03% J a n 0 10164 J 'n e 14
7 >% F e b
24,900 . A n a c o n o a C o p p e r P a r t 25
552
*27% F e b
As s o c M erch 1 s t p r e f____ 105 A p r 2 114 J ’n e 26
D o 2d p r e f _____________ 1011 a F e b 17 104% F e b i t
100 d B a to p lla s A lin in g P a r fit)
$6 % J ’nc3(;
12% J a n 29
52% J a il
7,830 O e t h l e h e m S te e l
13% M ch y
30% S e p 21
12 J a n
200
691a S e p 3
D o p r e f _____________
47 F eb 24
35 A pr
400 B r o o k ly n U n io n G a s ____ J13 J a n 2b 161% S e p 1
185 F e b
18,390 B r u n sw ic k D o c k & C I m p
13 J a n i j
20% S e p 2 1
Jan
100 B u tte r lc k C o ____________
34.8 •■layl?
23% J a n 2
§10 F e b
54,070 / le n tr a l L e a t h e r _______
47% S e p 24
’5% Mch 2
.
15% F e b
1,310 w
D o p r e f _____________
9934 A p r 6 111 S e p 2
75*4 J an
30,800 C o lo r a d o F u el & I r o n ____
43% '* u g 6
29 F e b 23
15% F e b
4.1 0 0 Col & H o ck Coal & Iron
21% F eb 23
7/% S e p 24
1434 Mch
2 ,800 C o m s to c k T u n n e l.P « r 52
21c Apr 24
3uc J a n 21
200 Alch
3 1 ,950 C o n so lid a te d G as (N Y ) . 114% F eb 4 165% J a il 4
90 J a n
7,125 Corn P r o d u c ts R e f in in g ..
10% F e b 24
26% J 'ne 2
1034 F e b
1,258
D o p r e f_____________
93% J ’n e 1
73% F eb 24
60 J a n
250 C rex C a r p e t______________
45 J a n 6
01 May 26
47% O ct
2.100 D is tille r s ’ S e c u r ltfe s 'C o r p
32U F eb 23
J a n 26
41%
27% F eb
F ed era l M in in g & S m e lt ’g
96% Ala> U
55 ' M ch 2
72% N o v
100
D o p r e f_________ .
94 A u g 11
;o F eb 24
69 F e b
F ed era l S u g a r R e f o f N Y §45 M ch 20 §51 J ’ly 12
55 J ’ly
D o p r e f_____
95 A u g 3
§90 J a n :.-i
73% F e b
168 168
16734 16734 106 167
166% 108% 107 167% §16078 16678
3,250 G en eral E le c tr ic _________
160% F eb 23 172% A u g 12
11 ” Jan
*98 100
100 102
101
104% *100 105 *100 105 *100 104
1,000 G ra n b y C o n s .\1 S & P ___
91 Mch 12 11J J a n 4
78% Jan
8934 90%
03
91
92% 95
94.% 97
90% 96%
97
97
7,000
n t H a r v e s te r s tk tr c tfs
02 Ja il 30
97 S e p 22
62 J ’ne
*11934 120
120 120% 121
121
120% 12034 *120 121 *120 121
2,700
D o pref s tk tr c t f s ___ 109% J a n 10 123 j n e 0
19 J ’ue
*6%
7
078
7
7
0%
7
7%
*0%
7%
*0%
1,800 I n t M er M a rin e s tk tr c tfs
7%
9 J a il 2
6% J ’ly 9
213, 23%
0 O ct
2334
23
23
23%
23% 23%
2234 —
2234 22% 2234
6,590
1834 J ’l y y
D o p r e f______________
27% J a n 2
10 F e b
1734 1734
18
19
18%
18
18
18%
17% 18
17% 17%
8,400 I n te r n a tio n a l P a p e r ____
19% A u g 2 4
9% M ch 13
8 A pr
*00
00
67
0734
07% 07%
07% 07% *06% 07%
06% 67
2 ,100
D o p ro f_______________
09% A u g
4734 Mch 18
47 O ct
483,
*48
48%
48
48% 4 812 *4734 48%
47% 48
*47
48
2,350 I n t e r n a t S te a m P u m p . .
4938 S e p lb
33% F e b 26
13 J a n
9134
9078 91%
91
90% 903,,
90% *89
90
90% *89
90
2,050
D o p r e f______________
91 S e p 20
82% J a n 3t>
05 J a n
85% 80%
87% 88%
87% 88%
87% 88
9234 91% 9334 14,000 M a c k a y C o m p a n ie s ____
88
9334 S e p : 4
70 J a n 21
F eb
*74% 75
70
75
70
75% 75% 70% 77%
70%
77
77%
3,4 7 0
D o p r e f______________
77% S e p 23
69% J a n 9
69% F e b
111% 113
112% 115
115 110% 115% 110% 110 110
110 116
5 ,125 ^ a t l o n a l B is c u it
jlb la S e p 2 i
90% J a n
08 J a n
*124% 127 *124% 127% 1271.1 130 *125 131 *125 131 *125 130
400
D o p r e f____________ 118% J a n U
130 " S e p 21
102 J a n
20% 21%
21% 23
213S 22
21% 22%
21% 22
21% 21%
7 ,850 N a t E n a m e l’g & S t a m p ’g
23 S e p 20
12% F e b 24
7% F e b
*90 100
*96 100
*96 J00
*95
*95
99% *95
99%
D o p r e f ___
99% S e p 2
12 J a n 5
•:70 F e b
903S 90%
901 a 91%
0 0 % 92
893.J 90%
8934 90%
89% 897s 11,690 N a tio n a l L ea d
94 A u g 13
71% F e b 2o
cb F e b
11H 2 111 111 *110 111% *109 111 *109 111 *109 111
100
D o p r e f ________________ 10234 A p r 21 11334 A u g 12
87% J a n
94
*91
*92
94
*88
95
*90
93
*88
92
88% 88%
200 N e w Y o r k A ir B r a k e ____
97 A u g 10
80 F e b 23
50 J a n
*137 145 *137
145 *135 145 *135 145 *135 145 *137 145
N Y & N J T e le p h o n e ___ §113 J a n 7 142% A u g 3
90 F e b
80
83
83
84%
83
84
83
831.,
82% 8234
82% 82%
7,860 N o r th A m e r ic a n C o, new
87% J ’n e 14
72 J a n 13
42% Mch
34%
35% 30%
34% 35%
34% 3534
34
35
34% 34%
8,800
a c ific M a il...........................
3034 J a n 14
29% F e b 24
11684 116*4 116% 110-% 116% 110l,| 115I-. 110% 115% 110
24 A p r
11538 116%
4,700
e o p le ’s G L & C (Chic) 101% J a n 13 120 A u g 16
80 J a n
22% 22% 21.% 2234
213.; 221.,
21% 22% 20% 21
2038 20%
7,605 P itts b u r g h Coal C o _____
24% A u g 21
10 A p r 21
*6034 02
8% Mch
0134 61% *00% 02
*60
62
61% 61%
01% 61%
400
D o p r e f________________
40 F eb 25
13 A u g 27
30% F e b
50%
50
60% 51
50
50%
49
49%
49% 49%
4934 50
4,190 P r e sse d S t e e l C a r________
66 A u g
30% F e b 23
17% F e b
§106% 107 *100 107% *100 107 *106 107
100 106
100 100
360
D o p r e f ________________
) 1134 A u g l i
90 F e b 26
t>9 J a n
• 190 195 *191
195 *190 194 *190 195
195 *190 195
P u llm a n C o m p a n y _______ 169 J a il 30 200 A u g 6
147 J a n
0
6
0%
0%
*5%
6%
6
0
*5%
0
*5%
0
600 Q u ic k s ilv e r M in in g _______
U38 J ’l y b
1% J a n 4
% Apr
8
8%
*8
7%
8%
91a
8
8%
*0
8
7%
7%
1,900
D o p r e f________________
10 M a y l3
3 M ch 29
1% J a n
5038
50%
50
50
49
50%
48% 49%
48% 49
48% 48%
4 ,300 I » a ll w a y S t e e l S p r in g ___
54% A u g 4
32% M ch 8
2334 F e b
*105 107%
w
D o p r e f____________
97% F e b 24 109 A u g l i
75 J a n
42
41% 42%
42%
44
40
4434 4538 128,550 R e p u b lic Ir o n & S t e e l ___
44% 46
46 S e p 22
16% F e b 23
1434 F e b
107 107% 10734 109% 108% 109% 108% 109
:106% 107
100% 100%
0,933
D o p r e f ________________
07% F e b 24 110% J ’ly 28
03 J ’ne
883.i 90
89% 90%
89% 89%
88% 89
88
89
88
88-‘
7 ,5 0 0 O lo ss -S h e ffle ld S te e l & Ir
90% S e p 16
08 F e b 23
20 J a n
119 119 *110 119 *110 119 *116% ' 17% '110 118 *117 119
150 87 D o p r e f _____________
107% F e b 20 120 S e p 1
87% J a n
38%
37% 371,|
37*8 373}
37
37% 37%
36% 36%
35% 35%
1,100 (T e n n c s s e e C o p p e r P a r tZ t $3434 F e b 26 $49 J a n 4
525% F e b
88% 88%
*87% 88% *87% 88%
*87% 91
89
89% *87% 91
300 T e x a s P a c ific L a n d T r u st
9378 J ’ly lo
80% F eb 23
45 F e b
14
14
*13% 14
13% 13%
14
I lia *13% 14
*13%. 14
1,600
n io n B a g & P a p e r ____
15-% J ’n e 18
9% F e b 24
4 Feb
*76
79
+75
79
79
*75
*75
79
*75
78
773.1 7734
124
D o p r e f ____________
06 .‘a n 8
81% J ’n e 29
4478 J a n
*1083.1 109% *10834 109% 109% 109% *10834 109%
10 U n ite d D r y G o o d s pr c tf s 1 109 S e p 1 11134 A u g 6
§1091 109%
‘
343,,
33%
33% 33%
33% 34%
34
33% 331a
2,700 U S C a st I P ip e & F o u n d r
33% 331
35% J ’lie 6
243s l-’e b 24
17% F e b
*84% 85%.
851.1 85-% 8534 8534 8 534 80
86% 80%
80
80%
1,000
D o p r e f________________
70 Mch 2
8712 A u g 18
ro% J a n
*80
95
*80
90
90
95
*80
95
*86
95
200 U n ite d S t a t e s E x p r e s s ..
*86
90
82 F e b lo §99 A p r 30
iU F e b
85% 80%
83% 84% *83
85% 85%
85% 85%
8134 83
84
5 ,200 U S R e a lty * I m p r o v e m ’t
04 F eb 23
87 S e p 17
36% F e b
*15
1(1
*15
1334
1.3% 13% *12
10
11
14
400 U S R e d u c tio n & R e lln ’g
*11
14
10 M ch 12
17% J ’n c l7
4 Feb
*30
88
*30
+32
38
*32
38
38
+30
36
32
32
100
D o p r e f________________
24 F e b 24
39% A u g 12
10 F e b
52*4 54% 54
51-% 5334 55
50
54
51% 55%
3 8 ,460 U n ite d S t a t e s R u b b e r .. !
531
54
27 F e b 24
57% A u g 19
17% F e b
120% 120%. 120% 123
122 123% 122 123% 120-14 121% 121% 121%
5,925
D o 1 st p r e f ____________
98 J a n 29 123% A u g 2 4
70 F e b
§87‘> 87
8
873( 89%
87% 88% *88% S9%
87% 87%
2 ,640
8734 88
D o 2 d p r e f____________
07% F e b 25
89% A u g 93
42 F e b
84
88% 843j
84% 801.,
83% 85
8334 85%
84
85% 904,200 U n ite d S t a t e s S t e e l _____
41% F e b 23
86% S e p 22
2534 J a n
12778 127-3.S 129
127
127% 1287s 128 129% 128 12938 128 128% 7 8 ,910
D o p r e f ________________ 107 F e b 23 12y78 S e p 2*
57% J a n
50
50
50
50%
50%
50% 50%
50
50
5038 *49
50
3 ,050 ((U ta h C o p p e r ___ P a r 5 1 0 S3 9% F e b 20 $54% A u g 12
v20 J a n
48% 41)
48% ■
‘0%
48
48
48%
48
47% •1734
47% 47%
2 ,3 0 0 V lr g ln la -C a r o lln a C h e m . .
40% F e b 24
56% J ’n e 14
16 F e b
+ 121 12134 *121
121.% *121
123% 121 123% *121 123%
123% *121
D o p r e f______________ _ 114 J a n iy 123% A u g 23
187 J a n
74*2 7 4 % 74
7 4% 73% 74
*73
74
71% 72
70
70
1,305 V ir g in ia Iro n C oal & C ok e
57 F e b 23
7578 S e p 17
43 J a n
*315
. . . . +315
*310
*310
*310
\ \ f e lls F a r g o & C o _____ 300 J a n 5 330 M ay28 §260 F e b
79% *78% 79%
79
77% 78
7734 79%
78% 80%
79% 80% 17,300 > » e ste r n U n io n T e l e g . .
64 F e b 24
813g S e p 14
41 F e b
*80
87
87
87
80
87
87la
80
80
86%
86
5,800 W e s tln g h ’se E l& M fg a sse n
86%
74 F e b 24
90 A u g 7
38 Alch
*128 137 *128 137
130 130 *130 133
140 *130 140
D o 1 s t p r e f _____ ______ n o
200
Alch 3 130 A u g 12
58 Mch
2
I
P
U
§200 A u g
1638 D e o
5’ 34 D e c
2
88% N oV
35 N o v
96 N o v
24% A p r
8 134 D e o
10% N o v
7t.% N o v
50% D e c
109 D e o
44 -3 N o v
4
97 N o v
(224 May
hia D e c
373! D e c
31% A u g
17% D e c
36% D e c
59% A u g
113 D e c
8% S e p
6 % Sep
8-1% A u g
107 A u g
11038 A u g
200 A pr
97% S e p
41 N o v
137*4 Aug
131 N o v
132% N o v
97% J ’ly
8238 D e c
97 Nov631 . N ov
56 Alch
27% N ov
57 N ov
152% N ov
17 N ov
§25 J a n
33 D e c
102 D eo
42 D eo
27% D e o
44c A p r
167 D e o
20% A ug
80 " A u g
45% O ct
3834 D e c
94 A ug
89 N ov
63% 9 ne
100 " J ’ly
1U234 D e o
10.1% J ’ly
07% N o v
110% N o v
9 M aj
2678 D e o
13% N o v
05 J a n
3978 D e c
14% D e o
78 N o v
7134 N ov
97 D e o
120% D e o
15% D e o
rS2% D eo
92 A u g
106% N o v
98 N ov
122 N o v
78 N o v
40% D e o
106% D e o
14% D e o
60 D e o
46 D e o
102% D e o
174 N o v
1*4 D e o
3% D e o
46% D e o
103 D e o
29 N o v
89% N o v
$184 N o v
110% D e o
562% N o v
84% D e o
6% N o v
6 684 N o v
30%
78%
90
64
15%
39
37%
108
76%
6834
114%
$52%
4534
115
08
325
71%
94
125
D ec
Aug
Jan
N ov
Aug
Aug
Aug
D eo
N ov
N ov
N ov
N ov
D eo
N ov
N ov
N ov
N ov
N ov
Nov
BANKS AND TRUST COMPANIES— BANKERS! QUOTATIONS.
Hid
Ask
B anks
90
B o r o u g h 11.
B r o a d w a y 1 375
B rook lyn 1,.
F ir st .............. 280
U lU sId el,___ 110
110
H o m e B k 1i
H o ilie st c a d i 100
410
M a n u ia o ’rs
M c c h a n lc s’1 240
M on tn u k . .
145
N a s s a u ____ 240
N a t C it y ___ 290
105
425
145
__
130
125
125
430
250
N o r th S id e 1
F e o p l y e ____
P r o s p ’e t P k l
T erm inal Ti.
U n io n 11____
B anks
Hrooklyn
•
1 -.a
Hid
Ask
150
155
160
Trust Co’ s
N Y C ity
—
C a rn eg ie . .
C en tra l T r .
C o lu m b ia . .
C o m m ercia l
C o m ’w e a lth
E m p ir e . . .
E q u lt'b 'e Tr
Farm L o & ’T
F i d e l i t y ___
F ifth A v 'Ti
l' u lto n
..
H rooklyn
Hid
Ask
180
1000
290
135
190
1025
300
145
155
310
490
Trust Co’ s
Hid
G u a r ’t y T r .
G u a r d ia n Tr
H u d s o n ___
K n lc k c r b ’ki
L aw T I &Ti
L in co ln T r .
M a n h a tta n
M erca n tile
M e tr o p o l’tn
M orton T r .
M u t u a l____
M ut A ll'n e t
700
160
175
335
245
165
370
725
545
600
120
120
Ask
Trust Co’ s
N Y L lfe& T r
N Y T r u st.
S ta n d a r d Tr
T ltle G u & T r
T r C o o f Am
U n io n T ru st
U S M tg &Tt
U n it S t a t e s .
V an N o rd en
W a s h in g to n
W e s tc h e s te i
Hia
Ask
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360
500
510
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445
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420
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145
100
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750
475
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207
525
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400
425
127
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270
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A r g e n t in e —I n t e r n a l 5 s o f 1900
im p e r ia l J a v a n e s e u o v o r u u i
S t e r lin g ioan 4 4 s ............ 1025
2d s e n e s 4 Hzs.................. 1025
S t e r lin g lo a n 4 s .............. 1031
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L iouisiaua n e w c o n s o l 4 s . . 1 9 1 4
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4 s w lie n a n d a s i s s u e d . 1950
4°e C o r p o r a te b t o c k . . . . 1 9 5 8
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N e w 4 H .............................. l o l
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4 V i ) C or p o r a te Stock. ..1 0 5 7
4 4% a s s a ss in L b o n u s . .. . 1017
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S e r ie s K ...............................10 1 5 F-A
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126
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96 J a n ’09
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100
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4
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120
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BONDS
N . Y. STO C K E X O HA N O E
W e e k E nl> « s e p t 2 4
in
L o n g D o c k See K rie
L o n g I g l’d —l s t c o n g 6S.A 1931
1 s t c o n s o l g o lil 4 s ...........A1931
G e n e r a l g o ld 4 s ................... 1 9 3 8
F e r r y go ld 4*as................... 1 9 2 2
G old i s ..................................... 193 2
U n ifie d c o ld 4 s ................... 1 9 4 9
D e b e n t u r e g old 5 s ............. 19 3 4
G u ar r e t gold 4 s . . . ..........1949
B k ly u <& M o n t I s t g O s . . 1911
1 s t 5 s ..................................... 1911
N Y H * M B l s t c o n g 5 s 1935
X Y A R D 1 s t g 5 s .........19 2 7
N o r S h B ls tc o n g g u 5 s o l9 3 2
l .o u i s ia n a < A r k 1 s t g 5 s . 1927
&
L u ils v A N a s h v g e n g 6 s . 193U
G old 5 s ..................................... 1937
U n ifie d g old 4 s ................... 1 9 4 0
R e g is t e r e d .........................1941
D in k fu n d g old 6 s .............. 1 9 1 0
C oll t r u s t g o ld 5 s ................1931
E H A N a s h 1 s t g (is ___ 19 1 9
L C m A L ex g o ld 4 His. ..1 9 3 1
N O A M 1 s t g o ld Os___ 1 9 3 0
N O A M 2 d g o ld Os.........193U
P e n s a c o ia D iv g o ld O s...1 9 2 0
S t L D iv 1 s t g old Os.........1921
2d go ld 3 s . . . ..................... 19SO
A t l K n ox A C m d iv 4 s . .1 9 5 5
A tl K n o x A N o r 1 st g 5 3 1 9 4 0
R e n d e r B d g e l e t s f g t i s .1 9 3 1
K en l u c k y C e n t g o ld 4 s . . 1987
L A X A M A M 1 s t g 4 His 19 4 5
L A N - s o u t h M |o i n t 4 3 .1 9 5 2
N F la A 8 1 s t g u g 5 a . . .1 9 3 7
N A C B d g e g e n g u g 4 'as 1 9 4 5
P e n s A A t l 1 s t g u g O s..1 9 2 1
8 A N A la c o n g u g 5 s .. 1 9 3 0
L a J e ll B d g e Co g u g 4 s . . 194 5
L N A A CU See C I A L
a h o n C oal See L S A M S
a n h a t t a n Ky c o n s o l 4 s . 1 9 9 0
R e g is t e r e d ......................1 9 9 0
S tm p d t a x e x e m p t .. 19 9 0
M c K ’p t A B V See N Y C en t
M e x C e n t c o n s g 4 s .............1911
1 s t c o n s in c g 3 s .......... a l 9 3 9
2d c o n s m o g 3 s t r u s t r e c t s ..
U o x I n t e r n s 1 1st c o ll g 4 s . 197 7
S ta m p e d g u a r a n t e e d .. .1 9 7 7
> le x N o r t h 1 s t go ld Os___ 191U
y iio h C e n t A'ce N Y C e n t
S lid o t N J See K rie
HU L S A W See C ld c A N W
U il A N o r t h See Cli M A S t P
M in n A S t L 1 s t g old 7 s . .1 9 2 7
P a c illo K x 1 s t g o ld O s.. .1 9 2 1
S o u th W e s t E x l 3 t g 7 s .l 9 1 o ,
1 s t c o n s o l g o ld 5 s ...............1931
1 s t a n d r o tu n d go ld 4 s . .1 9 4 9
D os M A F t D 1 s t g u 4 S . .. ’35
M inn A S t L g u Sea is C Jt A .N
U. S t P A S S M c o n g 4 n it g u ’38
H 3 8 1 1 A A 1 s t g 4 lilt g u 1920
M in n U n See S t P M A M
Mo K a n A T e x 1 s t g 4 s . . . 1 9 9 0
2d g o ld 4 s ............................. g 1990
1 st o x t g o ld 5 s .....................1914
1 st A r e fu n d 4 s ................... 2 9 0 1
G en s £ 4*38........................19 3 0
S t L D iv 1 s t r e t g 4 s . . ..2 0 0 1
D al A VVa 1 s t g u g 5 s . . .1 9 4 0
K an C A P ao 1 s t g 4 s . . .1 9 9 0
M o K A E 1 s t g u g o s . . . 194'
M K A O k 1st g u 5 s .........1942
M K A T o t T 1 st g u g o s . 1012
S h e r S h A S o 1 s t g u g 5 s . 1943
T e x A O k la 1 s t g u g 5 s . . . 1943
id o P a c if ic l s t c o n g O s . .. 1 9 2 0
T r u s t g o ld 5 s s ta m p e d .a l 9 1 7
R e g i s t e r e d ..................... a l 9 1 7
la tc o L l g o ld 5 s ......................192U
1 0 -year g o ld lo a n 4 s ........ 1 9 4 '
3d 7 s e x t d a t 4 30..................19 3 8
C e n t B r R y 1 s t g u g 4 s . 1919
C en B r a n c h U P 1 st.g 4 s . 1948
L e r o y A C V A L l s t g 5 s 1921
P ao R o i M o 1 s t e x g 4 s . 1 9 3 8
2 d e x te u d e d g o ld o s . . .1 9 3 8
b t H r M A D gen con g 5 s 1931
G en c o n s ta m p g td g o s 1931
U n ifie d A ret g o ld 4 s . . 19 2 9
RtV A G D iv 1 s t g 4 8 ..1 9 3 3
V e r d i V 1 A W 1 s t g 5 s . 1920
H ob J A K C 1 s t e o n s g 5 s . 19 5 3
Mob A O h io n e w g o ld 6 s . .1 9 2 7
1 s t e x t e n s i o n g o ld 6 s . . / i 1927
G e n e r a l go ld 4 s ...................1938
M o u tg o m D iv 1 s t g 6 s . .1 9 4 7
S t L A C airo c o lt g 4 s . . e l 9 3 o
G u a r a n te e d g 4 a .............1931
M A O c o ll 4 s see S o u th e r n
M oh aw k dj M a i Sea N V C A u
U o u o n g a h o la R iv see B A O
M ont C e n t see s t P M A M
M organ ’s L a A T See s P Co
Vlori'is A E s s e x nee D ot L A W
a s h C h a t A b t L 1 s t 7 s . 1913
1 s t c o n s o l g o ld 5 s ...........192 a
J a s p e r B r a n c h 1 s t g 6 s . . 1923
M cM M W A A t 1 s t 6 a .. 1917
T A P B r a n c h 1 s t 6 s ___ 1917
X a su F lor A S h e ! See Ij A N
N a t R y s o f M e x p r 14 4,3 1057
G u ar g e n 4 s .......................... 19 7 7
N a t o t M e x prior n o n 4 Has. 1 9 2 0
1 s t c o n s o l 4 s ......................... 1951
N e w R A D See N V N i l A 11
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S c r ie s C 3 *28.....................1 9 4 f
S e n e s D 3 t j s .....................1951
E r i e * P it t s g u g 3 *28 11.194)
S e r ie s C .............................. 1941
Gr U & I e x 1 s t g u g 4 *38 1941
P i t t s F t W & O 1s t 7 s . 1912
2d 7 s ...................................... 1912
3 d 7 s .................................. A1912
P itt s y & A s li 1 st coil 6 8 .1 9 2 7
P C C & S t L g u 4*28 A ...1 9 4 U
S e r ie s C g u a r ...................1942
S e r ie s 1) 4 s g u a r .............19 4 0
G e n e s E 3 G g u a r g ___ 1941
J -,
J -,
M-S
F7
M-N
J -C
J -D
A 0
M-N
J-J
AC
V
I-IN
k'-l
J J
J.
j .j
.J
j -j
A -0
M-6
A -0
A -0
M-N
M-6
F-A
J -C
A-O
C S t l & P 1 s t con g 6 s . 19 3 2
P e n s a c o la <& A t l See L & N a s i
P oo ifc E a s t See C C <J <fc S t L
P e o At P e lt U n 1 s t g 6 s ___ 1921 O-F
M-N
P e r e A larq—C h A W M 6 s 1921 J -D
F l i n t * P M g t l s .................1921, A-O
1 s t c o n s o l g o ld 5 s ...........1939 ,VI-A
P t H u r o n D iv 1 s t g 5 s . 1 9 3 9 A -0
b’-A
P h il 1$ & W See P e n n H R
P h ilip p in e R y 1 s t 3 0 -y r s 1 4 s ’37 j - j
P it t s C m & S t L S e e P e u n Co
P it t s C lo v e A T o ! See Ji * O
P it t s F t V A C h See P e u n Co
V
P u t s M c K e e s A Y See N Y Con
P i t t s S li A L E 1 s t g 5 s . . .1 9 4 9 A O
1st c o n s o l go ld 5 s ...............1943 J - J
P it t s & W e s t See is * 0
1 > B ailing Co g e n g 4 s .........1997 J -J
LV R e g is te r e d .........................19 9 7 J • J
J e r s e y C e n t c o lt g 4 s . . .1 9 5 1 A O
P ln la A R e a d c o n s 7 s . . .1 9 1 1 /-I )
R e n s s e la e r * S a r See i ) * H
R loli & H an See S o u t h R y
R ic h A M e ek See S o u th e r n
B io Hr W e s t See H en A R io Gr
B ooh A P i t t s See B B & P
B orne W a t A O g See N Y C ent
B u tla n d See M Y C e n t
L -ag T u a * H See P e r e M arq
O t J o A U r 1st 1 s t g 4 s . . .1 9 4 7 J -J
S t H * C airo See MoL> A O hio
S t L i t ir o n M o u n t See M P
p
S t H M l lr See T B i t A o f S t H
B t l . o u i S i t S F — d e u g O s .1931 J - J
G e n e r a l g o ld 5 s ...................1931 J - J
S t L * S s' l i l t c o n s g 4 s . . ’90 J - J
G e n 15-20 y r 03 ...........192". M-N
S o u t h w U iv 1 s t g 5 s . .1 9 4 7 A-O
B e t u n d in g g 4 s .............. 195 1 J - J
K C F t S i t 51 c o u g O s.. 19 2 b M-N
K C F t S A M B y rot g 4 s 1 9 3 0 A-O
K C i t M B & B 1 s t g u 6 s . 1 9 2 9 A-O
O z’r k A C h C l 8 t g u 5 s g . l 9 1 3 A-O
S t L o u is S o See I llin o is C e n t
S t H S W 1 s t g 43 bd c t f s .1 9 3 9 -Vl-N
2d g 4 s in c bond c t l s . . . p l 9 8 9 J -J
C o n so l g o ld 4 s .....................1 9 3 2 J-H
G r a y ’8 P t T e r l 8 t g u g 5 s 19 4 7 J -D
B t 1J M in n A M a n See G t N o r
a t P i t A or P a c See N o r P a o
S t P i t S ’x C i t y S 'e c U S t P .U A O
B A & A P ass 1 s tg u g 4 s ...l9 4 3
S F i t N P 1 s t s in k t g 6 s . 19 1 9
S a v F’ i t W e s t See A t l C o a s t L
S c io to V al A N E See N o r * \V
S ea b o a rd A ir L in e g 4 s . . . I 9 6 0
C o ll t r r e fu n d g 6 s ...........1911
A tl-B ir m 3 0 - y r l s t g 4 s .e l 9 3 3
Car C e n t 1 s t c o n g 4 s . . . 1949
F l a C e n * P e n 1 s t g 6 s . 191b
1 s t la n d g r e x t g 6 s . . . 1 9 3 0
C o n so l g o ld 5 s .................1 9 4 3
G a & A la B y 1 s t c o n 6 s 1945
G a Car * N o l s t g u g o s 1 9 2 9
S c a b * Roa 1 s t 5 s .............19 2 0
S lie r S h r * S o See M K * T
HU S p O ca * O See A t l C o a st L
S o C ar * U a See S o u th e r n
S o u th e r n P a c ific Co—
U o ld 4 s (C e n t P a c c o ll) ./c l9 4 9
R e g i s t e r e d .....................A-1949
2 0 -y e a r c o u v 4 s .......... </l92a
C e n t P a c 1 s t ret g u g 4 s 19 4 9
R e g is te r e d .........................1949
M o r t g u a r g o ld 3 *33..A:192ti
T h r o u g h s t L 1 s t g u 4 s ’54
0
M e x * P a c 1 s t g 5 s ___ 1931
OUa V (J A N 1 s t g u g 0 s . 1924
U o u s E * W T 1 s t g o s . 19 3 3
1 s t g u a r o s r e d ............ 1 9 3 3
11 A T O I s t g 5 s i n t g u . . l 9 3 7
C o n so l g Os iu t g u a r . . .1 9 1 2
G en g o ld 4 s m t g u a r . . 1921
W a c o * A W i l i v l s t g 6 a ’3 e
A * A' W l s t g u g 5 s ___ 1 9 4 )
M o r g a n ’s La * T 1 s t 7 s . 191b
1 s t g o ld Os.........................1 9 2 0
As* Low
105 1 0 5 1
1 0 3 *3........
9 0 * 4 .........
.......... 9 0
9 7 -* i........
90
91
90
93 V
08*2 100
l o i d h ........
1 0 9 7j , ........
.....................
0 5 N 07
j
9 5 ‘3 97
94
.........
06
93
104
........
107 . . .
107
no
107 .........
1101* ........
.......... 1 0 8
A u g ’ot.
M ay’01
J ’n e ’Oi
J ’l y ’Ol
S e p ’01
A u g ’Oi
M a y ’Oi
9 8 •J a n ’Of
J a n ’ot
J ’l v ’Of
A u g ’Oi
92
A p r ’O'
1 0 0 4 D e c ’Ob
127 4 O ct ’O
L
1 1 0 ” M ay'id
107 O ct ’O
S
110 E o b ’O
!
io 7 7 8 J ’i y ’o t
1 0 8 J ’l y ’oti
112 4 J ’n e ’06
l ‘)0 A u g ’Oi
98
98
........... 1 1 0
1004
105
112
107 4
107
.......... i 05 *►
*
...........1 1 2 4
.......... 1 0 7
107
111
90
93 4
1154120
116
no
H ig h S o
..
105
1 04 4
90 4
91
98
90
904
98 4
110
1104
1094
90
107 4 ........
9 9 ° s ........
9 0 4 93
9 9 4 ........
1 1 3 4 .......... 1 14
116
93
Range
Since
January l
Low H iqh
s o u t h e r n P a c Co — (C o n tin u e d
06
122 124
.......... 1 1 0 4
9 2 S a lt
8 9 7* Bale
1 0 0 4 ..........
8 6 4 Bale
1194 1214
8 3 4 S a le
100 ..........
9 7 4 98
M a y ’09
1094119
.................
110 n o
107 4 1 9 9 4
108 109
J -J
A t l * D a n v 1 s t g 4 s .........194b J - J
194b J - J
2d 4 s ...................
A -0
J -J
E T V a & G a D iv g 5 s . . 19 3 0 J - J
C on 1 s t g o ld 5 s ...............I 9 5 t M-N
E T e n r eo r lie n g 5 s .........19 3 b M -S
A-O
G a P a c R y 1 s t g Os.
1999 j -j
K n o x * O hio 1 s t g O s ... 1 9 2 5 j - j
j .j
j -j
J -J
D e b 5 s s t a m p e d '............ 19 2 7 A-O
R ic h * M e ek 1 s t g i s . . , 1 9 4 b M-N
Ho C ar * O a 1 s t g u s ___ 1 9 1 9 M-N
V ir g in ia M id o er C O s ...1 9 1 ) M -S
,V - J
I S
S e r ie s E 5 s .................
1 9 2 0 M-S
G e n e r a l 5 s .........................1 9 3 9 ■Vl-N
G u a r s ta m u e d .
1 9 3 0 M-N
W 0 * W 1 s t c y g u 4 s 1994 F-A
W e s t N C 1 s t c o n g Os.'11 914 J - J
S i t N A U bee L A N
S p o k a n e I n t c r n a t 1s t g 5 s 1955 J - J
i i )2
98
n os
116
96
1164
92
97
6
974
98
5
924
79
774
95
85
814
43
33
r
(
894
894
99 4
9 9 4 64
■ 8 5 A u g ’09
8 5 J ’i y ’US
1 0 7 4 A u g ’OO
M or’06
J ’n o ’09
M a r ’09
J ’n o ’09
92
80
1034
97 4
..........
89 4
93
S a le
914
924
.......... 9 3 4 A u g ’O'J
S a le L 0 3 4
lo 4 ° h
S a le
97 4
974
9 0 4 9 0 4 S e p ’Ou
90
8 0 4 S o p '09
93
93
94
1 0 1 4 A p r -09
109 1 0 9 4 1 1 1 4 A p r ’OP
1 0 4 4 .......... 1 0 4 4 S o p ’09
L05 4 M a y ’09
103 4 1 0 8
1 0 3 4 .......... L03 4 A p r ’09
109 4 .......... IU958 A u g ’09
1 0 9 4 .......... 107 4 N o v ’07
91
9 0 4 9 5 S e p '09
110 D e e ’00
n o
no
107 4 J a n -09
122 4 A u g ’08
1 1 7 4 120
1 1 5 ........... 1 1 0 N o v ’O
O
884
924
6 3 4 91
95 4 1 0 0 4
85
85
102 4 IO6 4
105 1 0 6
10641074
29
90
954
85
934
97 4 1 0 7
964 984
J
‘O
9 7 n4
89*8 9 3 4
6 93
95
101 J8 101 *4
10 112
101 1 0 4 4
103 1 0 5 4
fiiii
69
1 0 0 4 1 tO 4
95
96
107 4 107 4
. . . .......................
.*!!>■"J E L L A N K O ir s
.U iu n ilu e H ii-iiig i*t I n d u s t r ia l
A r m o u r & Co l s t r e a l e s t 4 *
2S’39
B e th S t e e l 1st e x t s i 6 s . . 1920
C e n t L e a th e r 2 0 -y e a r g 6 s .l 9 2 5
C orn l ’rod l t e f s f g o s . . . . 1 9 3
D is til s e c Cor c o u v 1 s t g 5 s . ’27
G en E l e c tr ic itqb g 3 * 8 ..1 9 4 2
3
lU - y r g d e b 5 s ...................... 1917
I n t P a p e r Co 1 s t c o n g O s.1 9 1 b
C o n so l c o u v s f g 5 s .........1935
I n t S t P u m p l o - y r c o u v . Os ’13
Lackavv S t e e l 1 s t g 6 s . . . . 192 3
N V A ir L ru k o 1 st c o n v Os ’28
.
B o p u b I & s 1 s t * c o l t r 5 s . 1934
U n io u B a g & P 1 s t s i 5 s . . 193u
U S H eath Co s f d e b g 0 s . . l 9 l 3
U S R e a lty A -1 c o u v d e b g 5 s ”24
U S R ed & R e f 1 s t s 1 a Os. 1931
U S R u b b e r 1 0 -y r c o ll t r O s .’ lb
1
J -D
J-.J
A-(>
M-N
A-O
F-A
J -D
F-A
J -J
J -J
A-O
M-N
A-O
J -J
M-N
■J-J
J -J
J -D
93*8 S a le
88
89*4
100*8 S a le
95
98*3
75
70
81
83*4
154 155
105 s a lt
8 9 *3 s a le
104 s a le
98 *a 9 8 *.,
llo
s a le
10O78 101 *3
.......... 97*4
190 100*4
.......... POL
9 2 7 So le
e
1 ( i 4 78 Sa le
93**
93*4
89
89*4
100
1 0 0 '100 A u g ’O.
75
76 *
3
S3 A u g ’UU
164
155
105
105*4
89
89*4
104
1 0 5 :*
t,
98*4
98 2
114*3 115
lo l* * S o p ’09
97 S e p ’09
1 0 0 S e p ’09
89*4
89*,
1 0 ! 78
105
9 0 J ’ly 01
102*3 J ’n e ’U
*
9 8 S A pt ’Ot
•Mem D iv 1 s t g 44-5a.".'. 19 9 6 J -J
97 4
109 4
106 4
lu 5 4
1074
.......... 9 2
.......... 101
bO *2
9 4 4 944 944
944
83
8 1 4 8 4 A u g ’Oy
7 8 S a le
774
78
97
.......... 1 0 1 4 A p r ’07
........... 8 9 4
9 9 4 S a le
85
86
9 3 4 ........
100
.........
..................
.......................
. . . . . . .........
.......... 1 0 0
100
........
.........
110*4
Too
94
llo
35
44
39
36
60
0
14
97
L 1s t c o n g o ld o s .."!. 1 8 9 4 0 9 4 4 F-A
G e n r e fu n d s t g 4 3 ...........19 5 3 J -J
A-O
P ox & N O See S o P a o Co
l’e x A P a c 1 s t g o ld 5 s .........2 0 0 0 J -D
2d g o ld I n c 5 s . ..................0 2 0 0 0 -Mai
L a D iv B L 1 s t g 5 s ___ ! l9 3 1 J . J
F-A
l o l * O 0 1 s t g 5 s ............. 1 9 3 5 J - J
W e s te r n D iv 1 s t g o s . . .1 9 3 5 A-O
G e n e r a l g o ld 5 s ___
19 3 5 J -D
K a n & M 1 s t g u g 4 s ___ 1 9 9 0 A -0
1’o l P * W i s t g o l . ? 4 s . . . : i 9 1 7 J - J
l'ol S t L * V V p r lie n g 3 4 s . l 9 2 5 J - J
5 0 -y e a r g o ld 4 s ...................1 9 5 0 A -0
T o r H a m & B u tt 1 s t g 4 s . / i l 9 4 0 J -D
1 | I s t e r & D e l l s t c o n g 5 s 1 9 2 8 J -D
1 s t r e fu n d g 4 s . . . ' ___ 19 5 2 A-O
U n P a c H R * 1 g r g 4 s . .. 1 9 4 7 J - J
R e g is te r e d .........................1 9 4 7 J - J
2 0 -y r c o n y 4 s ...................... 1 9 2 7 J - J
1 s t & r e f 4 s ........................ (/2 0 0 8 M -S
O re R y & N a v c o n g 4 s . 1 9 4 0 J -D
O re S h o r t L in o I s t g 0 s . . l 9 2 2 F-A
1 s t c o n s o l g 5 s .................1 9 4 0 J -J
J -D
J -D
U t a h * N o r g o ld o s . . 19 2 0 J - J
U u l N J H R * C C o See P a H R
U ta h C e n tr a l See B io G r W es
U ta li * N o r th See U n P a c ittc
U tic a & B la c k B See N Y C en t
F-A
J -J
V e r V a l I n d * W See M o P
V ir g in ia M id See S o u th B y
V a * S o u t h iy ’t 1 s t g u 5s.2*003 J - J
1 s t c o n s 5 u -v e a r 5 s _____ 1Dftfi A-O
\ \ / a b a s h 1 s t g o ld 5 s .........1 9 3 9 M-N
\Y
2 d g o ld &s.....................1 9 3 9 F-A
D e b e n t u r e s e r i e s B .........1 9 3 9 J . J
1s t h e n e q u ip s f d g 5 s . , 1 9 2 1 M-S
1 s t lie n 5 0 y r g te r m 4 s . 1 9 5 4 J -J
1 s t r e f a n d e x t g I s ___ 1 9 5 0 J - J
D e t & C h E x t 1 s t g 6 s . . 1941 J - J
D e s M o in D iv 1 s t g 4 s . .1 9 3 9 J -J
Om D iv 1 s t g 3 *as.............194 1 A-O
T o l * C h D iv 1 s t g 4 s . ..1 9 4 1 Vl-S
VVab P i t t s T e r m 1 s t g 4 s . 1954 J -D
W V a C e n t * P 1 s t g Os 1911 J - J
W e s t N Y * P a 1 s t g o s . .1 9 3 7 J .J
A-O
W e s t N o C ar See S o u th B y
W h e e l’g A L E 1 s t g o s . ..1 9 2 0 A-O
J -J
F-A
B B 1 s t c o n s o l 4 s ................1 9 4 9 Vl-S
2 0 -y ea r e q u ip s i 5 s . . . 1 9 2 2 J -J
W ilk e s * E a s t See E r ie
W ii & S io u x F See S t P M & M
W is C e n t 5 0 -y r 1 s t c e n 4 s 1 9 4 9 J . J
S u p * D u l d i v * t e r m 1 s t l s ’36 Vl-N
1 lU *2 . . . .
92*3 93
87*2 8 7 ^
U K
88*3 92
102*2 1 0 2 *
0 . 10 6
S3 W 9 0 ^
j
. 1 J 1 10 li
b in J l
113 A p r ’u:
f 9 *4 A u g ’O!
9 2 *2 A u g ’Ot
92 *2
92
1
110
111*4 i l l
J ’n e ’o:
1 1 4 * 8 .......... 1 i 4 *8 S e p ’Ot
1 0 0 ........... 107 A p r ’u
01
05
103 li) 5
no
........
108*4 .
1 0 8 ...........
1 0 9 * 4 ...........
92
75
103
112
9 2 *2 9 2 >
1
H 92 4
2
109*4 111
110*2 114 B
105 107
Lu
) 17
118*4 118*4
115 1 1 6 -. 118*4 M ay’Ul
1 0 5 * 4 ..........
81
..........
1 0 8 * 4 ..........
113 *i
81*-
108*4 H I ‘
J ’n e ’u t
O ct ’Ob
S e p ’09
G c i '01
101 ‘2 1033j
100
..........
109 l o y "
i0 7
110 *3
107*4 109*3
108*4 A u g ’09
91
109 J ’ly ’09
109 A u g ’O
'J
lC0 *a M a i’01
106*4 109*4
.......... 1 0 6 34 S e p ’09
106*4 l u e 7*
11 0 7 # .......... HO** 1 *6*8
9 8 .......... 9 8 A u g ’09
110*4 J ’nc'Oi
5 115 117
96
93
110*4 110*4
112
3ak
.......... 85
1 0 3 ..........
1 0 0 ..........
I ll
..........
110*2 1 1 2
l u 4 * i ..........
.......... 1*3
9 4 * . 95
9 0 7s 91
8 1 S a le
107 ..........
8 8 *2..........
102 *2 1 0 2 ->
,
1 0 1 * 2 ..........
1 1 5 j4 S a le
Oaas B ait
98*2 99*4
1 1 8 * 4 ..........
114 115
94
94**
1 0 7 * * ..........
112
112
8 5 A u g ’uB
103 s o p ’09
100*2 N o v ’OJ1
111 S e p ’09'
112 S e p ’09 ___
104*2 S e p ’00
93
93
1
4
94*2
94 * ,
1
9 0 7s
9U \
9
81
81*2
9 1 34 A p r ’Oii
108 A u g ’Ot
._
8 9 S e p ’09
102 >2 1 0 2 * 23
4
Y
101*2 101*2
U 5 3 4 118*2 110)
08*4
‘ 8°8 3u
J
99*4
993b
fc
118*4 S e p ’02
6
1143* 114*8
94*s
94*4; 19
9 4 J a u ’oii
993 b A u g ’OO
98
93
110
..........
97
..........
113
113*3
1 0 3 103»b
.......... 100
9 5 101
........... 90
7 5 S a le
10934 ..........
8 0 ...........
75*3 8 4
85
90*s
..........
44
112
06
103
111 112*3
112 112
103*3 1 0 5
92*4 95
86*4 94*4
89*3 91***
80*2 88*2
91*4 9 1 3i
107 1 0 8 7
*
89
89
102 1043*
100*4 103
102 124*4
90*4 1 0 0
9b
9 9 7»
118*2 1 2 0 ‘s
1 1 3 * a l l8
94
96*4
94
94
99*8 100*3
N o v ’Obi
S e p '0 0
110 S e p '0 9
98*2 A u g ’UO
113
113
3u
Y
IU3Hi 103H<
101 J ’l y ’09
L
02*3 M a y ’09
b7 M a y ’09
75
7 5 7s 614
110 *4 A u g ’UO ___
91*3 J ’n e ’Ou
7 8 J ’l y ’09
91 *8 M ay’UO
44*2 S e p ’09
44
45
lb
1
8*4
8*4
8*2 S e p ’09
110 117*3
93*4 1 0 0
i l l ;8 114*3
102*2 1 0 5
80
101
102*3 102*3
87
87*3
71*4 8 0 * ,
1 0 8 1 1 1 **
08*8 91*3
78
80
90
O il ,
42
55*4
41*4 55*4
1
14 *i
7*4 14*4
92*3 J ’n e ’O
O
92*3
84 *3
b5 ** 37 823*
09 A u g ’UO
01
08 S e p ’uO
02
102 J ’ly 'U a
102
UO
112*2 1 1 3 * [12 S e p ’uo
2
87
3 4 F e b ’07
...........
81*2
.........
...........
91*2
Bale
70
09 *
4
1 0 8 * 4 ..........
90
99
U3 H iia le
i
.07*4 S e p ’09
U5 J ' l y ’Ufc
105*3 D e c ;0b
87 S e p ’09
99 D e o ’Ob
95*2
93*8
119
75
105
96
04
L07
83*4
15
93*4
88
73*a
73
102
117
953*
109
90
89*3 9 6 7*
92*4 95
B O N l > s —C o n c lu d e d .
J I u iiu f u c t u iM ig A I n d u s t r i a l
90*2 0 s s t e e l C o r p — l c o u p ,t(1 9 6 3
90
S t 1 0 -6 0 y r 5 s . ( r e g ..R 1 9 0 3
101
Va-C ar C h em 1 s t 1 5 -y r 5 s 1 9 2 3
\V s t in g h o u s e E a M s f 5 s ’31
re
95 100
lU tsc e lliu ic o u M
73*3 7 8 7e
84
A d a m s E x c o l tr g 4 s . . . . . , 1 9 4 b
80
136 165*-, B u sh T e r m in a l 1 s t 4 s ........ 1952
10 L 106*4
89*4 C h i c J c A t Y ard c o l g 5 s . 1 9 1 5
S5
D e t 51 & 51 Id g r in c o m e s .. 1911
100
9 9 * I n s t i t f o r I r r ig W K s^ S iS 1 9 4 3
(.
93
3
108 116*3 I n t M e rc a u 5 1 a r iu e -1 > 8 . . 1 9 2 2
l u t N a v ig a t io n 1 s t s f 5 s . 19 2 9
98 102
9 13. 9 8
101*2 100*6 N Y D o c k 5 0 -y r 1 s t g 4 s . .1 9 5 1
84^4 i)2
93
P r o v id e n t L o a n S o c 4 *2 8 .1 9 2 1
89
.8 Y u b a W a t Co c o n g 6 s . .1 9 2 3
102*4 106
93
77
110*2 111
2d void 4 s .............................. 19 5 4 J -D
W a r r en see D e l L a c & W e s t
V a s h C e n t See N o r P a o
V
W a sli O * W See S o u th e r n
W a sh T e r m l 1 s t g u 3 * 3 . .1 9 4 5 F-A
2
W e s t M a r y la n d I s t g 4 s . . . l 9 6 2 A-O
G en & c o u v g 4 s ...............1 9 5 2 A-O
104 104
10 1 *2 101*1
..
112
8 0 4 5>Hit
93
S e p ’09
A-O
M-N
M-S
J -J
J -J
J -J
J -J
J -J
J -J
J -J
F e b ’ir
M ar-0!
llO 'lj s a le
in
Y
R ange
S in ce
January 1
•Vi
112
104
D e v e lo p & g e n i s S er'X I I9 5 i A -0
A u g ’Ot
116 116
D e o ’O.i
A u g ’09
105 100
A u g 0!112 115
A u g 'o i)
10441094
A u g ’U9 . . . . 107 1 9 8 4
884 894 884
89
102 106
110 O c t ’05
S o P a c C o a st 1 s t g u 4 s g . 193" j . j
T e x A N O S a b D i v l s t g O s.lO l i M-S
C on g o ld 5 s ..................... 1943 J - J
AS’
103 *2........
1 0 0 * 4 ........
S o u t h e r n —1 s t co n g 5 s ___ i ‘ 04 J - J
J
1234
1234
1 12241244
1104
1 1 0 4 12 110 111
92
02
8 91
00 4
8 0 *2
00
157 8 8
914
100 4 A u g -0 9 . . . . 1 0 0 4 1 0 1
85'*8
86
3b 8 1 4 8 9
1 1 9 4 S o p '09
1104 1204
83 4
8 3 4 29 8 2 4 86
974
"i h c ’ A-f
W eek’s
R ange or
L ast Sale
.... ............
___
....
...
__
...
116 J ’l y ’09
9 3 4 J ’ly ’97
16
S id
A-C
J -J
S o P a c o t A r iz l s t g u g O s.c’l t J - J
1s t g o ld 6 s . . .
P rice
tr u ia v
S e p t V4
......................
40 9 9 4 1 0 1
1 0 0 S a le
994
100
984
9 8 nn
9 8 ^ •sale
9 8 ~ Sa le
98 “
9 8 ” 27 9 6 4 9 8 4
1 0 3 4 .......... 1 0 2 4 S e p ’09
102 4 1 0 2 4
954
C
HUM S
N . Y. S T O C K E X C H A N G E
W e ek E n d in g s e p t 2 4
104 100 *
•
___ I.J4 4 1 0 4 4
. . . . .......................
....
904 914
...
9 6 4 08
.
8 9 4 90
....
904 904
2 984 994
................... .
1104 1 104
1094 1094
___ 9 0
96
J ’l y ’U9
J -J
J J
J -D
J -D
M-S
F-A
F-A
J -D
A -0
F-A
Vl-N
Vl-N
Vl-N
Vl-N
J -J
A-O
A-O
Vl-N
J -J
A O
j .j
3 ^
O
Week's
R a n g e or
L a st S a le
M-N
M-N
J -D
J .J
105*4
105*2
98*3
94
-Vl-S
A -0
J -J
J -J
A-O
M-N
A-O
F-A
J -J
F -A
M-N
M S
J -J
92*4 9 3
92*4
93
.......... 9 1 7„ UO®* J ’l y ’09
95
.......... 95*2 J ’l y ’09
33
95
7U*4
..........
95
94*4
Sa le 105*»
........ 105
S a lo
08*3
S a lo
94*4
40
...........
71*4
85
..........
S a le
105*4 5 7 8 102 *« 1 0 8
1 0 5 7e
2 1 0 1 ^ 108>«
6 8 93*4 1 0 0
99
94H, 87 90*4 9 5 * ,
7
47
A p r ’08
95*2 S o p ’Oa
707
8
71*2 265
8 5 J ’l y ’09
94*4
95
112
943,
7
J ’l y ’0 9
J ’ly >04
....
92
90
91*2
94
93*3
95*3
92*4
08*3
84
95 H
i
77
91
90
95
88*3
9 5 *3
90
96
...........
U a iO A .G - 0
STO CK
E X 0 3 A M \ t E — S tock ; R e c o r d — D a i l y , W e e k l y a n d Y e a r i y
S a le s
S T O C K S — H IG H E S T A N D L O W E S T S A L E P R IC E S
S e p t.
*2l2
*10
+ 108
*3612
*24
*9U
IOI4
*45
*80
*1513
18.
M onday,
S e p t. 20.
3
* 2 i2
*10
12
112 *108
*3612
37
*24
25
1012 *912
9
1012
46
45
8134 *80
T uesday,
S e p t. 21
3
12
112
37
25
2*2
V
*108 112
*3 012 3734
*24
25
10 1?
10
*9
103,8
93«
87S
45
45
46
813,
8H2 82
7
l(i
16
101 •
> 1734
4912 +4812
49
40
20 *
20 +____
70
*08
*68
70
*52
55
*52
55
44
4512 453,
453.1
104 *103
101
10212
*103
173,
50
20
70
55
451?
1021?
*4812
* ____
*68
1238 1212
82
82
*210 215
*130 132
64
♦ 111 11 1
1423., 143
1212
827s
*210
*130
*63
♦ 111
1431-1
W ednesday,
S e p t. 22.
133«
84
215
132
64
114
143 k,
Apr’09
L a s t S a i l 180
24
*2
3
*2
3
w.
2
12
*8
10
*8
10
1 0 .34 109
*108 112 *108 n o
i»
110
J0i2
36*2 36l2 3 612
*3 612 37
L a s t S a le 24
^ept’09 . . . *24
25
Sept'09 - . ..
L a s t S a le 9
10
*9
K
93,
9
93S
8*8
9*4 10,1 <
44
44
370
45
45
*44
45
135
82
*81
83
*81
82
*81
Is,
*8
*15
50
* ____
*68
*52
45
*103
18
51
20
70
55
46
104
20
20
22
2 U2
20
1973 201 * +20
59
*53
5834 69
683| 591?
61
*59
55
54*2 543,i
6512 5512 *54
55«2 5512
*1
*1
*1
l's
1*3
Us
*1
l 's
*2
3
3
*2
*2
3
3
+2
321?
3212 *32
32
3234 33
*3212 33
133 138
133 133
140 *137 140
+137
*12519 127
58
58
*43
1113,
*125
*95
*118
1163,
10419 107«a
113 113
109U 10919
*146
+102
*13l2
*20
140
lid
120 120
2234 2234
140 140
120 120
77.14 2234
1207a 12 712 12714 127*8
1263d 127
5834 5834
5812 6834 57*2 6812
____
*43
*43
*43
113*4 113U
127 *125
963.
96-T,
119 *1183.
116*4 110
115
127
l)Gh
119
116
10873 112
11319 115
10938 10934
H li'j 116*2
130
123U
963,
9U3.|
119 +11834
H 012 11534
U5>4
127*2
*93
119
116*4
111*2 113S*
115
1151*
100*2 1093,
115*2
130
963.,
119
116l2
113
111
1151,8 n o
10912 110
150 *110 150 *146 150 +146 150
10234 10234 1023, 102U 1021? 102 10238
___
____ ____
14
21
13*2
*20
W eek
S harei
F rid a y ,
S e p t. 24.
60
810
____
—
....
9 /1
5
18
51 <r
A u g '09
A u g'09
Sept'Oli
46
4«;3,v
46U 47
103
*102
10312 *102
*15
51
18
51
*15
5 tQ
L a s t S a le 20
L a s t S a le 70
L a s t S a le 53*2
131?
13*2
21
*18*2
1319
20
I 3I4
*1812
1312
20
Inter
est
Period
Price
Friday
Sept. 24
Bid
A m e r S tra w b M ls t G a .l C l l P - A
A r m o u r & Co 4 H s — 1036 J - D
A u r o r a E lg in <5sChIc 5 s 1941 A - 0
C al & S o C h ic K y Co
F - A
C ass AV & F 6 ( S t i i 3s - 1 . J - J
C h ic B o a r d o f T r a d e 4 s 1 9 2 . f - 1)
C h ic a g o C it y l t y 5 s — 1 9 2 . P - A
C h ic C o n so l B r & M lt 0 s .« _ J - J
J - li
C h ic A u d lt o r iu m l s t 5 s l9 2 „ F - A
O hio D o c k C o 1 s t 4 s .- 1 9 .l u A - 0
C h ic J c U R 1 s t M g C S .1 9 4 .' M - S
C h ic N o S h o r e E le c 6 s . 121 2 A - 0
j - j
C h ic R y 5 s . . . ................ 192'. F - A
A - 0
C h ic R y s 4-53 s e r ie s ” B ’ J - D
p - A
C h ic R y s co ll Os___ 1 9 ti F - A
F - A
C h ic R y s T e m C tfs 1 s t 5
c id c 1 U 4 P m i 4 3 _ _ 2 0 o :: M - IS
M- S
C h ic T e le p h o n e 5 s -------1925 J - I)
C o m m o n w - E d is o n 5c_19'i: n - a
C h ic E d is o n d e b O s. 1913 j - j
1 s t g 5 s ____ J u ly 1920 A - 0
A - S
D e b e n t u r e 5 s -------192
C o m m o n w E le c t 5sh 194 M - S
I llin o is T u n n e l 5 s -------192. J - U
K a n C it y R y & L ig h t
C o 5 s .............................. 1012 M - N
A - 0
L a k e S t H i— 1 s t 5 S . . . 1 J 2 8 J - J
M e tr W S id e E l—
1 s t 4 s .............................. 1936
F J N o r t h W e s t R1 1 s t 4 s . 1911 M N o W G -L A C o k e C o 5s ’23 Q 51 j 4 . 4 0 s ......................................... M M\1 P e o G as L A C 1 s t 6 s . .19-1. A R e f u n d in g g 5 s ____ 104 7 M C h ic G as L A C 1 s t 5s 1 9 3 . J C o n su m G as 1 s t 5 s_ 1 0 3 0 J M u t’l F u e l G as I s t 5 s l 9 4 7 M S o u t h S id e E le v 4 H s . l 9 2 . J S w if t A Co 1 s t g 5 s ___ 1914 J A U n io n El L oop ) 5 s _ _ l9 4
U n io n P a d lie c o n v 4 3 .1 9 1 1 M U n it e d B o x B o a r d c o lO s’. C
G e n e r a l m tg o Os________ ./ W e s te r n S t o n e C o 5 s _ _ 1 9 0 0 A -
N o t e — A c c r u e d In tcres'
A
J
S
M
N
1)
S
N
N
O
S
J
L
i
N
J
J
(]
N
J
O
m u st
....
Week's
Range or
Last Sals
A sk Low
—
-—
B 'ds
Sold
II igh
100 M ch’07
U314 Sep '09
-----* ----
Range
lor
Year 1909
Low Illgh
9314
9078
102 J ’n e ’09
101*4 F e b ’oo
100 M ay’07
X103*2 Sale 103*2 1033s
____ 103
Apr’0-1
50
Apr’09
.... ....
963, J a il'00
____ ____
....
....
____ ____
____ . . . .
....
87
F eb ’O
O
____
73 Sept'09
7812 7912
101l4 S a le 1 0 U ,
101*2
U533
953j,
J95»s 96
8514
8 0 I4
85's S a le
92
lirij
92
03V,
*101% 1 0 U 2 l u l l . Sept-09
10H* J u ly ’09
t io i
101*4
101 i.i 101*4
U012 Aug'08
---- . . . .
0012 J u ly ’08
io3'a
UO ;i8 Sale 1031.1
11323, Sale 1023,
10. >
a
____ ____ 100
Jn e’08
1100*2 ____ 101 A u g’09
ioo^s Aug'oo
10214 103
103
103
80
D e c ’08
102
101
102t2
72
1007s
93«2
8434
89
lO llg
10H 2
101
79-34
1023.,
901,,
8912
9 l2
1023,8
10238
1021
9834 J'ne'09
96 Mch'09
90 J u ly '09
10 M ay'05
93
95
73
98*4
96
91
8334
83-T,
837 J ’ne'09
s
83
8212
9214
98
93
lOOl,
9034
98
100
120
103
103*4
102
10112
9412
100
92
861;
841.
9612
99
98
100198
9978
10018
122
101
105
10234
102
9034
102
96
70
70U
8012
81
____
t.—
____
90
831. 83«4
80
81*9
9458 S a le
t 98'*
100
9034
93
99
:—
103
104
1102*4
: i0 2
U412
100
{7o
73
—
97"
____
981, A u g 0 •
95*2 Sep '09
97
M ch’09
100 Mch'09
12134 M ay'09
103*4 S e p t’O
iu 4
104
102*4 July '0 9
102 A u g ’09
120
10Jl2
....
____
102*4
95
10034 100
93
____ 114
79
79
/o
S a le
85*2
—
iruihesi
14i8 M a y 2.
80 J ’n o i
212*2 S e p 15
132 J ’ly 21
07-1.4 A u g 7
112 S e p 13
144 S e p 23
l Jan i
5 Jan 6
27 A u g .6
02 S e p V
68 A p r 1<
1 A p r 2?
2>8 A p r 2
34 A u g 24
140 S e p 23
1 6 l"
I21i2
25i8
88*2
13034
00
47
J 'ly V /
J ’ly 1
Aug 3
M ay 19
A u g 13
S e p to
S e p 16
21 J ’PC 28
1161 j S e p 24
130 S e p 21
99 A u g 1.)
120 A p r 1
1197s A u g 16
1 \-.-hAi
114 S e p 24
116 T A u g IS
«8
i n i , auk «
20 J a il *8
152 J ' ly 28
10312 A uk 12
1»S M ch 26
31 s M ch *
9**J:iU 4
103« J ’llC 5
25 M ch 15
160 Jan
l ‘ F eh
»s
' ORDec
Mdj J n«
38 O ct
20 N o v
0»4 S ep
15 F eb
30 O ct
08 S ep
12>4 N ov
42 J a n
13-34 Auit
40 A ue
42
Aua
2012 Apr
85 A p i
4 F eb
4 It 2 Jan
125 J a n
HO A pi
37 Me)
91 Jan
3
/£ D ec
D ec
186 D eo
3> A ug
m
10 A u g
119 N o v
47 J ’ne
28 D e c
13l2 D e o
301?. D eo
473.1 N o v
8G>2 N ov
19 J a n
54 M ay
22 D eo
621? D e c
71 J an
34 N o v
103 J'no
lO-lg
7678
100
128I4
03
104
N ov
D ec
D ee
N ov
N ov
N ov
JO
100
Jau
M ay
40 F eh
1 O ct
2 N ov
20 D e c
100 Jan
34 F e b
100 Jan
80 J a n
67 *4 D eo
l 's A u g
4 Apr
301-> A u g
153 “ S en
23.j F e b
110 D e c
110 O ct
113
30
38
137 A u g
4212 D e c
40 J 'ly
Jan
Jan
J ’n<
19 J ’ne
70 Jan
10134 Jan
61 Mcli
91 Mch
8012 Jan
20
97
120
87
115
100
J ’ly
D ec
Aug
D ec
N ov
D ec
24 Jan
72 J a n
8812 Jan
50 D eo
102 D eo
10634 S e p
11434 J a n
87 J a n
‘4 J ’ly
134 J a n
ICO J ’ly
134 J a n
h 2 JTy
V l»4 O ut
12
Jan
17 " ' A p r
C h ic a g o B a n k s a n d T r u s t O o n n m ie a
Sep ’09
N ov'04
Sep 'UO
80
July'08
b o a d d e d to a ll C h ic a g o b o n d
IOD4
10234 10334
101 103b
10034 I0T 34
1003s 10218
10234 1035*
Dividend Record
Outstand
ing
Slock
Surplus
Pro/Us
in
t
NAME
l
1907
m
1908
Per
iod
Last P aid
%
An. Deo ’08, G
$39,068
0
0
$100,000
C a lu m e t N a t i o n a l ______
J-J July ' 0 9 ,5
10
180,242
10
500,000
C h ic a g o C i t y . . _________
s C o m m e r c ia l N a t i o n a l . 7 ,000,000 3 ,3 43,646 See fo o t not J (s)
Q-J O c t. '09, 2
8
8
C o n tin e n ta l N a t i o n a l ___ iz4.000.00l 3 ,9 63,096
Q-M J uly ’0 9, 112
0
6
8 ,9 8 '
50,000
C oo k Co S t a t e S a v i n g s . _
12
12
n-J J u ly '09, 3
C orn E x c h a n g e N a t io n a l 3 ,0 0 0 ,0 0 0 5,283,593
A-O Apr '09, 21?
0
27,714
6
D r e x e l .s t a t e ____________
200,000
409,369
8
0 M ( 1-.1 July '09, 212
000.000
D r o v e r s ’ D e p N a t i o n a l.
6
6
E n g le w o o d S t a t e _______
200,000
31,905
Q-J J uly ’0 9 , l l 2
12
H-M J ’ne30’09,4
12
8,000,000 8,220,177
F ir s t N a t i o n a l .............. ..
Q-M J ’nc 30'09212
10
10
150,000
1 0 2 ,1 .8
. r s t N a t E n g l e w o o d ..
K
Prlv a te Ba U
F o r e m a n B r o s B ’k ’g C o . 1,000,000
542,865
8
8
F o r t D e a r b o r n N a t io n a l 1,000,000
418,357
Q-J J u ly *09, 2
5
J-J J u ly '09, 2 l2
152,092
5
500,000
ila m ll t o n N a t io n a l —
8
807,040
8
Q-J July '09, 2
H ib e r n ia n B ’k ’g A s s ’n . . 1,500,000
J-J J uly '09, 5
10
10
121,66*
200,000
K a sp a r S ta te B a n k ..
432,415 ____ 10 + 2 Q-M J'n c3 0 ’09,212
G ive S t o c k E x c li’g e N a t 1,250,000
1
03,864
4
Q-l' Aug 1 '09, 1
300,000
v fm r o e N a t i o n a l _______
8
8
Q-J J uly '09, 2
N a t B a n k o f R e p u b l i c .. 2 ,0 00,000 1,134,917
3
Q-J J uly '09, 1I2
509,923
1,500,000
N a tio n a l C i t y _________
. . . . J u ly '09, 1
6 9 ,480 ____
250,000
N a t io n a l P r o d u c e ............
__
•I'A Q-J J uly '09, 1*2
200,000
(17,012
N o r t h A v e n u e S t a t e ___
6
6
15,94.
Q-J J uly '09, 1*2
50,000
N o r th S id e S t a t e S a v ’gs
—
J uly *09, l i 2
—
8,950 —
200.000
N o r th W e s t S t a t e .
70,677
P r a ir ie N a t i o n a l . .
Q-M Juno '09, l l 2
49,940
8
8
600,000
p r a ir ie S t a t e ...........
2
. . . . Jan '08, 2
12,173
4
250,000
R a ilw a y E x c h a n g e . . . .
J u ly '09, H j
153,420 ____
300,000
S e c u r i t y -------------6
0
78.211
Q-J J u ly *09, 1*2
200,000
S o u t h C h ic a g o S a v i n g s .
11
Q-J J uly '09, 3
S t a t e B a n k o f C h i c a g o .. 1,500,000 1,405,411 U+ l
174.589
6
.1-1) J'n e3 0 ’0 9 , 2
7
250,000
S to c k Y a rd s S a v in g s —
6
M-N M ay ' 0 9 ,3
40.883
0
200 ,0 0 0
U n io n B a n k o f C h ic a g o
6
6
05.310
Q-J J uly '00, n .
200,000
U n lo n S to c k Y a r d s S t a t
8
8
3 ,0 00,000 2 ,7 5 5 ,5 5 8
Q-J J uly ' 0 9 .2
A m e r ic a n T r u s t A S a v s
812,430
Q-J J uly ’0 9 . 1»<
7
7
C e n tr a l T r u s t C o o . 111-- 2 ,0 00,000
89,160
Q-J J uly M9. U 2
71500,000
d ilc a g o S a v B k A T r_ _
0
6
Q-J J uly *09, 1*2
5 .000.000 r \ ,208,019
C h ic a g o T i t le A T r u s t .
A-O Apr ’0 9 , 2
5,331
4
3
50,000
500,021
8 + 2 Q-J O ct. '09, 21,
10
600,000
6
200,000
97,307
7H Q-J J u ly ’0 9 , 2
215,582 ____
Q-J J u ly '09, l l 2
1 ,5 00.000
F a r w e 11 T r u s t C o .
Q-M J u ly '09, 4
2 ,0 00,000 2,990,094
F lr st T r u s t A S a v i
200,000
10,254 Incorp orated 1008 V .8 7 ,p.1138
G u a r a n te e T r u s t A S a v .
Q-J
6
1.250,000 1,140,070
H a rris T r u s t A S a v in g s
V
5 ,0 00.000 8,207,291 1 6 + 4 1 6 + 4
I llin o is T r u ,t A S a v in g
Q-J
6
200,000
G
44.201
K en w ood ir u stA S a v g s
200,000
2
4M Q-J J uly '09, IQ
39,04
E a k e V le w T r u s t A S a v g
12
Q-J July '09, 3
12
3 ,0 00,000 5 ,0 30,100
M e r c h a n ts ’ L o a n A TrC*
0
Q-J J ’ne '09, l l 2
0
243,819
75 0 .0 0 0
Q-J July '09, 2
8
8
1,500,000 2,123,341
N o r th e r n T r u s t C o ...........
J-J J uly ' 0 9 ,3
6
6
5 5 ,0 1 i
N o r th -W e s te r n T r A S a v
200,000
6
0
Q-J J uly '09. 2
100,064
200,000
P e o p le ’s T r u s t A S a v g s .
8
JtS
Q-J J uly '09. 2
183,263
500,000
20,000 Beg. b ua .J'ly 12 ‘0 9 V .8 9 ,p.141
200',000
5
J-J J u ly '09, 2>x
5
2. .651
200,000
8
Q-M I'ne30'09, 2
3 l ,000,000 1 .2 6 3 .0 4 5 ____
U n io n T r u s t C o -----------6
6
Q-J J uly '09, 1*2
201.C6C
1’ 000,000
,
64,80^ Began buslnc sa Se p t 5 1 9 0 8
200,000
6
6
38,614
Q-J Oct; 'OB, l<t
200,000
p r ic e s.
• B i d a n il a s k e d p r ic e ! , n o s a le s w ere m a d o o n t h is d a y .
f S ep t. 1 (c lo s e o f b u s in e s s)
t n . t !t iM ons
1N o n ic e F r i d a y la t e s t p r ice t ills w e e k . o D u o D e c . 3 1 . ODuo J u n e .
bo in c r e a s e d . iD I v ^ d t a d V a r o iW ld Q-JT w it h e x t r a p a y m e n ts Q -F . r A s o t d a t o Doe.
u n d e r n a m e o f C o m m e rc ia l N a t io n a l, w it h * 7 ,0 0 0 ,0 0 0 c a p ita l; V . 8 9 , p . 5 7 1 . a C a p ita l to
180 'Teh 8 190 F e b
13.1 S e p 22
4 J a n 22
15 J i n 2:7 S e p 2)
107 o Tie -i 1191? J ’l y 2>
45-34 J a n 2
30 J ’n e 23
30 J ..n 2V
*
24 S e p 7
)3 i2 J a n v
9
M ay 3
S*8 S e p 24
29*4 -(ah 2
35 F e b 24
52 J ’l y 7
79 J a n S
SO*2 M ay 18
15i8 S e p 13
19 M ch 8
64 J ’n e b
47 J a n 14
20 A u g 1 1
25 M a y 6
73 M a y /
63 - a n 6
50 Jar. 26
61 M a y /
61*1 J ’u e lli
■u ' j A pr 13
j
97 F e b 16 107*2 J ’n e i s
M is c e lla n e o u s
1238
123,v 2,900 A m e r ic a n C a n ------------- 100
V s J a n 30
8 2 14
82695
D o p r e f ..........................100
7134 J a n (
A m e r ic a n R a d ia t o r - . 100 200 J a n l i
_
_
2 1 * 3 Sept'OD
132
A u g'09
D o p r e f_____________100 126 J a n 21
122 A m er S h ip b u ild in g ___ 100
54i3 A p r 21
64
64
112 S e p t’O
'J
D o p r e f_____________100 101 F e b 24
139 A u g 7
14378 1437b 1,240 A m e r T e le p & T e l e g ____
i8 J ’ne 10
L a s t S a le i3
Ju n e’09
B o o th (A ) & C o ............. 100
*4 M a y 22
L a s t S a le
D o p r e f..........................100
10 M a\24
20
20
161 R u o th F is h e r ie s c o m ------48 J ’n e 16
____
2V
....
l)o p r e f .................................
51*4 J a n *
•
*55
56
55*2
5 12
79 Cal & C h lc C . nai <ft D .1 0 0
1 A p r 27
L ast SaL 1
J u ly '09
C ldc B r e w 's & M a lt ' s —
2i8 A p r 27
____
L a s t S a lt 2i8
J u ly ’09
D o p r e f .................................
20 M ch 21
*32
33
+32
33
290 C ldc P n e u m a t ic T o o l . 100
139 140 +136
138
49 C h ic a g o T e le p h o n e — 100 127 J a n 4
D o r ig h t s ................. ..........
L a s t S a l t 2 I4
Mch'08
140 140
95 C h ic T it le A T r u s t . . . 1 0 0 YlV’ jonT*
120 120
225 C o m m o n w ’th - E d is o n . 100 107 J a n 21
120 >s 12034
221? 2234
17*a F e b 2 7
2212
221- 1,259 C orn P ro d R e f C o C o m . . .
L i s t S a l t 88*2 M ay’09
70Q M ch 75
Do
D o P r e f ___
117 J a n u
276 D ia m o n d M a tc h ---------100
127*2 127*2 127*2 1—
7*2
38 J a n 26
571? 581? *57
58
1,069 I llin o is B r ic k .....................100
43 J a n 5
L a s t S a lt 47
M a so n ic T e m p le --------------S e p t'09
M llw A C h ic B r e w in g ____
L a s t S a l t 2i8
J une’07
2012 A p r 27
L a s t S a le 21
D o p r e f -----------------------Ju n e’09
97 /8 J a n 2
115*2 116*4 110l2 116*2 l ,543 N a tio n a l B i s c u it ---------100
D o p r e f _________. - - 1 0 0 U 8 i4 F e b 15
305
128
129 *128
130
82 J a n 14
*98
97
730 N a tio n a l C a r b o n ---------100
9634
9Q34
D o p r c f_____________100 n o J a n 15
105
119 119 *11S34 119
635 P e o p I e ’s G a s L A C o k e - - 100 102 J a n 6
1153 i 1161k I I 534 116
i2 F e b 25
____
D o r ig h t s ...........................
L u s t S a h 11-10 M ch’09
55 J a n 6
114
8.C57 S c a r s -R o e b u c k c o m - - 100
113 11312 113
D o p r e t.......................... 100 101 J a n 6
1161, 1,44
1151s 115*2 115
004 S w if t A C o ..........................100 10012 J;>.A 9
10912 1097a 109*s 1097,s
6 F eb 5
D o r ig h t s _______ .
F e b ’09
L ast Sah 7
L a s t S a le 145 S ept'09
. . . . T h e Q u a k e O a ts C o - - 100 1IB J a n t>
98l 2 J a il 2
D o p r c f_____________100
10212
117
. . . . ____ *102
o* F e b
____ U n it B o x B d A P C o . 100
A pr’09
L a s t S a le 112
2i4 F e b 26
D o F u ll p a i d . . . . . . .
Apr'09
L a st S a lt 3
33,j M ch 10
D o p r c f_____________1 0 0
L a s t S a le 734
A pr’09
10*2 Meh
D o Fu'l p a d
- ___
366
135S 13*a *1312
14
15 F e b 16
80 W e s te r n S t o n e ------------100
*19
20
20
20
C h ic a g o B o n d R e c o r d
BONDS
C H IC A G O S T O C K
EXCHANGE
Week, e n d in g Sepi. 24
(1008)
H ig h e s t
L o w est
R a ilr o a d s
C h ic a g o C ity K y _____ 100
C h ic a g o & Oalc P a r k . 100
D o p r o f____________ 100
C h ic R y s p a r t c tf “ 1 ” —
C h ic R y s p a rt c tf " 2 “ —
C h ic R y s p a r t c t l “ 3 ” —
C h ic R y s p a r t c t f " 4 ” —
C h ic a g o S u b w a y ---------100
K a n s C ity R y & L t - . l o o
D o p r e f_____________100
M etro p o l W S K i e v . . 1 0 0
D o p r c f_____________100
N o r th w e s te r n E le v — 100
D o p r c f_____________100
S o u t h S id e E lc v a te d _ > 1 0 0
S t r e e t s W S t a b le C L .1 0 0
D o p r e f_____________100
u m i m i c f P r e v io u s Y e a r
R a n g e s tr ic t
Jan.
1909
ST O C K S
C H IC A G O ST O C K
EXCHANGE
1212 1212
12*8 1234
131,8
8234 823,
831? *82
8212
L a s t S a le
212 *20312 212
132 *130 132
L a s t S a lt
65
*G4
65
64
+63
ill
114 ♦ 111
L a s t S a le
144
143*4 1437g 14314 114
1212
83 l.j
*20812
*130
64
*111
*143
*140I-> 14U 2 14012 1401?
1193. 121
121
*120
23
23
23
23i.s
T hursday,
S e p t . 23.
t o . n a tio n a l t a n k s a n d ^ V l 2 iA °% °nl n ^ f ) I U |S a m f ’a ulD lus^ tQ
K A lso s to c k d iv id e n d o t 33 i ■>/»•
n t,a n it a i a n a s u r p l u s ^
31 1 9 0 8 . s Bankers and C o m m e r c ia l National ta n k s m e r i t *
bo In c r e a s e d .
l e l e g r a p 'i
&
To cp h on e
V o lu m e ot B u s in e s s a t S to c k E x c h a n g e s
e A m e r T e le g & C a b le , l o o
• C e n tr a l & S o A m e r _ _ lC 0
T R A N SA C T IO N S AT THIS N E W Y O R K STOCK E X C H A N G E
D A IL Y . W E E K L Y A N D Y E A R L Y .
C o m m ’l U n T e l ( N Y ) . 25
B m p & B a y S t a te T e l. 100
F r a n k lin .
...........i o o
e G o ld & S t o c k '.‘.'e lc g .1 0 0
N Y & N J T e le p h - —See S t
• N o r t h w e s t e r n T e l c g . 50
P a c ific & A t l a n t i c ____ 25
S o u th e r n & A t l a n t i c . . 25
Week ending
Kept. 24 1909.
Saturday ___________
Monday ____________
T u esday........................ ..
W ednesday ________
Thursday____________
Friday . . ........................
T o t a l _____________
Sales at
New York Stock
Exchange.
Stocks.
Par value.
Railroad
&c.
Bonds.
$ 40,454,200
8 0,006,200
101,501,150
8 6,865,000
66,961,650
51,709,500
$ 1 ,425,500
3.7 9 0 .5 0 0
4.938.500
4 .576.500
3 .9 3 7 .5 0 0
2,3 9 0 ,0 0 0
Shares.
46 4,518
894,217
1,23 0 ,3 4 9
1,035,575
763,389
602,985
V . S.
Bonds.
State
Bonds.
532.000
86,500
299.500
104.000
68,000
90,000
F e r r y C o m p a n ie s
B & N Y 1 s t 0 s 1 9 1 1 . J -J
N Y & E It F e r r y s tk .lO O
1 s t 5s 1 9 2 2 ..................M -N
N Y & H o l) 5s M a y ' 4 0 . J -D
H o b F y 1 s t 5s 1 9 4 6 Al-N
8680,000 851,000 N Y A N J 5s 1 9 4 6 ...........J-.J
4,991,033 3427,557,700 S21.004.500
1 0 th & 2 3 d S ts F e r r y . 100
1 s t m tg c 5s 1 0 1 9 . . J - D
Ja n . 1 to Sept. 2 4 .
Week ending Sept. 24.
e U n io n F e r r y s t o c k . .1 0 0
c 1 s t 5s 1 9 2 0 .............. M -N
1908.
1909.
1908.
1909.
851,000
Bid
83
110
110
65
43
110
( E xc
112
75
90
87
12 J
120
75
50
120
list
120
80
100
90
95
30
50
60
7)
97
98
1066 10712
95
4*.*
38
72
67
29
31
95
97
S h o r t-T e r m N o t e s
133,4S6,020
5,771,364
152,532,278
4,991,033
_
Stocks— N o. shares_
98I2 99
A m C lg s e r A 4 s ’ l l . . Al-S
Tar v a l u e _________ 8427,555,700 8 5 11.640,300 $13,9 3 7 ,3 1 5 ,4 2 5 $ 1 1 ,534,798,075
9712 98
S e r B 4 s M ch 1 5 '12 A l-S
$102,800
8500
83,500
8 6 9,600
Hank shares, par_____
A m T e l & T e l g 5s ’1 0 . J -J 100'g 1003S
Bonds.
1003g 10034
$467,620 A tla n C o a s t L 5s ’1 0 . Al-S / 08
$2,000
$51,000
$408,200
flovernm ent bonds___
78
7 0,127,500 Cin H a m & D 4 ^ s ’0 8 .M - S
680,000
2 8 ,942,200
990,000
State b on d s_________
97
9 7 12
Col tr g 4 s 1 9 1 3 ____ J -J
613,758,700
9 7 5,652,100
18,688,500
21,0 6 4 ,6 0 0
U ll. and m lsc. b o n d s-.
C C C & S t L 5 s , J u n e ’l l 1013g 10134
Total b on d s............... $21.795,50o! 8 1 9 ,0 8 0 ,5 0 0 $1 ,0 0 5 ,0 0 2 ,5 0 0
$684,353,820 E rie Cs, A p r 8 1 9 1 1 . .A - O 103L 103")4
In ter !) R T g Cs 1911 A l-N
99 ’.s 100
KC R y & L lg h t Cs ’1 2 .M - S
D A IL Y T R A N SA C T IO N S A T T H E BO STO N A N D P H IL A D E L P H IA
995« 100
L a ck S t e e l 5s g 1 9 1 0 . Al-S
E X C H A N G E S.
L a k e Sli& M S o 5s MO F -A 100lg 10012
L ou & N a s h g 5 s ’1 0 . Al-S 10012 100’g
Philadelphia.
.U ex C e n t 5s J u ly 1 1 9 1 0 100 10012
Boston.
100lg 10012
M ich C e n t 5s 1 9 1 0 . . . F - A
W tck ending
M inn & S t L g 5s ’l l . F - A
99's 9u;s
Unlisted I Bond
Sept. 24 1909.
Bond
Listed
L ined Unlisted
100i« 10012
N Y C e n t 5s 1 9 1 0 ____ F -A
shares. | sales.
shares.
shares. shares.
sales.
3%
N Y C L in e s E q p 5s ’1 0 -2 7 64. 0
$12,000 N Y N II & II 5s ’1 0 -’12 100l2 10212
4,271
18,931
41,274
Saturday____________ 17,75
$8,000
34.000 N o r f & W e s t 5s 1 9 1 0 Al-N 10012 10034
C2.500
74,432
11,899
21,259
M onday_____________ 33,080
57.000 P a R R 5s M ch 15 ’10 A l-S 100l2 10034
14,433
28,002
T u e s d a y ____________ 29,27b
7 9 .500
107.580
29.000 P u b lic S e r v ic e C orp 5 s — See S t R y s
15,925
W ednesday_________ 41,783
8 1 .500
C4.0S7
14,348
9912
99
52,478
40,400 S t L & S a n F r g 5s ’ 11 J &J
1 1,637
83.000
T h u r sd a y __________
11,930
49,619
9-Aj 9012
13,539
2 7 ,-0 0
Friday ........................ - 33,074
5 9 .000
4
n o t c s ’1 2 o p F & A
6,673
39,984
I8 10U38
S o u th R y g 5s 1 9 1 0 . . F - A
10U3g
112,293
8353,500 3 7 6,95
Total ........................ 207,430
03,5001 S L 9,600 S o u th e r n R y 6s 1 9 1 1 . Al-N
V 10234
i
T id e w a te r 6 s . 1 9 1 3 , g u a r
10034 10 o78
W e s ttn g h ’c El& AI 0 s 19 1 0
10
0
10
0
12
0
O u ts id e
S e c u r itie s
All b o n d pri e s arc n o w “ a n d in t e r e s t ” e x c e p t w h e r e m a r k e d " f . ”
S ir c c t R a ilw a y s
B id
N ew Y rk Cit'd
15
D lo c c k S t & I’u! !•'s t l c . 100
60
« L t m tg c 4;; 1 9 5 0 . J-J'
i R ’y & 7 th A v e stlc__t0C 140
o 2d m t ro 5s 1 9 1 4 ...1 -J /100
C on 5s 1 0 4 3 — See h to c l E x c
B ’w a y S u r f 1 s t 5s g u 192-s 102
l C c n t’l C r o s s t’n s tk ._ 1 0 C
-• 1 s t m tg c Cs 1 0 2 2 . M -b [/
30
1 Con P ic N & E It s t l c . 100
80
I O hr’t ’r & 1 0 th S t stlc 10C
pol& O th A v c 5s See S to c k E x t
D ry D E 11 & II—
95
e 1st c o ld 5s 1 9 3 2 . . J - D
45
c S crip Os 1 9 1 4 ____ 1:-A
E ig h th A v c n u o s t o c k . 10c 250
e S c r ip Gr 1 2 1 ; ___ 1--A
95
t 4 2 d & Gr S t F ’y s tk .lO U 200
I2d S t M ft S t N A v e . 1 0 0
9.
e 1 s t m tg c Cs 1 9 1 0 . A l-S
2 d In c o m e Cs 1 0 1 5 . J-J t 50
[n tc r -M c t — See S t;; E x c h m g e
L ex A v & P a v F 5s See S tl; E x c
I te tr o p o l S t I t : — See Stic E x c
Wlnth A v e n u e s t o c k . . 100 169
S eco n d A v e n u e s t j c l . - .i o o
17*2
96
e 1 s t m tg c 5s 1 0 0 0 . Al-N
74
C o n so l 5s 1 9 4 3 ____ F -A
HO
( S i x t h A v e n u e s t o j l c . 10
60
Bou lio u l e v 5s 1 0 4 5 ___ J90
!io P e r 1 s t 5s 1 9 1 9 . _ _ A -C
T hird A v e n u e — Sec S to c k E x e
50
T a r r y W P & M Gs 192!
85
Y k c r s S t lt ltG s 1 9 1 6 A-C
20
B 8 th & 2 9 th St:; 5s '9GA-C
| T w e n ty - t h ir d S t s tk .lO O 200
U n io n R y 1 s t 5s 19 r _ F -A 101
60
W o s tc h c s t 1 s t 5s '43 J-J
B rooklyn
A tla n A v e 5s 1 9 0 9 . . .A - O 100
97
C on 5s g 1 9 3 1 ............A -O
95
II II & W E 5a 1 9 3 5 . . A-L
B r o o k ly n C ity S t o c k . I t 194
C on 5 s — See Stic E x c h n r e
99
B k ln H g ts 1 s t 5s 1941 A-O
Blcln ( ju e c u s Co & S u b —
c 1 s t g 5 - '4 1 0 p ' 1 6 . J-J
07
C on g u a r 5s — Sec S to c k E x c
B k ly n H a p T r a n — See Stic E x e
80
C o n e y Isl & B k l y n . . 100
1 s t c o n s g 4s 1 9 4 3 . . J - j
75
Uric C & N 0 s 193 9 J-J
95
Gr p t& L o r S t 1 s t 6 s A1 &N
K in g s C E l 4 s— S e e S to c k E x c
N a s s a u E le c p r e f______l o o
10 i
.........................A-O
1 s t 4 s l U u i — See {stock H xc
N W 'b g & F h r : 1 s t e x
90
S t o ln w a y 1 s t Gs 1 0 2 2 . . J-J 103
95
40
90
list
100
50
300
100
228
S tr e e t R a 'lw a y s
Bid
P u b S e r v C orp N J (Con)
R a p id T r a il S t I t y . . 1 0 0 240
1 s t 5s 1 9 2 1 ........... A-O
100
J C H o b <c P a t e r s o n —
.B
781->
4 s g 1 9 1 9 _____ M -N
130
S o J G a s IO l& Trac. 100
99
G u g 5s 1 9 0 3 ___ Al-S
N o H u d Co I ty 6 s'1 4 J-J 100
5s 1 0 2 8 .......................J-J 104
E x t 5s 1 9 2 4 ____ A l-N 103
P a t C ity c o n 6 s '3 1 . J -D 120
2(1 6s o p t 1 9 1 4 . .A - O 100
So S id e E l (C hic)
See Ch lea g o
S y r a c u s e It T 5s ’ 10.A 1& S 10212
05
T reat P & H 5s 1 9 4 3 . J -D
U n ite d R y s o l S t L—
22
Corn v o t tr c t f . ____ 100
71
c P r e fe r r e d __________ 1 0 0
G en 43 1 9 3 4 — See S to c k E x e
U n lt H y s S a n F r a n S ee Stic E x c
46
W a sh I t y & E l C o ____ 100
92
P r e f e r r e d ___________ 100
87
4a 1 9 5 1 ............................ J - D
G a s S c c ii r if e s
N ew Y o rk
250
—
791;
____
100
108
1051_ _
_
122
____
list
104
100
2214
7114
list
list
48
94
89
Otiier C ities
E xe
28
67
/ 85
/ 40
/ ....
9
971* 102
E x c list
tk E x list
125 150
36l2
*33
72
*63
90
—
77
75
t E x e list
9 3 l2 100
E x e list
98*3 98SS
I n d u s tr ia l a n d A lisc c l.
A d a m s E x p g 4 s 1 9 4 7 J -D 1 9334 04l2
A h m c e k A lin in g _______ 25 *s23J 240
115 120
A llia n c e R e a l t y _______100
A llls-C h a lm e r s Co 1 s t m tg
E x c list
s f 5s 1 0 3 6 — S ee S to c k
150 155
A m e r ic a n B o o k _______100
114 118
A m e r ic a n B r a s s _______100
A m e r ic a n C h ic le c o m 100 229 232
105 108
P r e f e r r e d ...................... 100
11
A m G ra p h o p h o n c c o m 100
26
28
P r e f e r r e d ___________100
132 134
A m e r H a r d w a r e _____ 100
103 1041?
A m M a ltin g 6 s 1 9 1 4 . .J - D
95 Ido
A m e r P r e s s A s 3 o c ’n . . l 0 0
*421» 44
A m S o d a F o u n t c o m . 100
*8
+42
44
20
35~
1 s t p r e fe r r e d _______ 100
2
258 262
6
2 d p r e fe r r e d _______100
105 107
A m S t F o u n d n e w — S ec S tk E x list
1
102 105
6 s 1 0 3 5 .........................A& O
70i2 7 U 2
D e b 4 s 1 9 2 3 .............. F& A
90
210 2171?
95
A m e r ic a n S u r e t y ............50
E x c list
* ll4
514
A m e r ic a n T h r e a d p r e l
5
5
0 '2 A m T o b a c c o Co c o m .- lO O 445 450
41
44
E x e list
A m e r T y p c f d e r s c o m . 100
93
89
93 100
P r e f e r r e d ___________100
41?
A m e r W r itin g P a p e r . . 1 0 0
312
106
23
26
P r e f e r r e d ...... ............... 100
***
)32 1 4 2
69
87
1 s t s f g Os’l ’ o p ’0 9 . J-J
J
12
13
951- Ut>l2 A tlG f& W I n d S S L ln e s .lO O
____
32
275
P r e f e r r e d ___________100 . 30
73
132 13)
C01 t r g 5s 1 9 5 9 ____ J-J / 71
41
30
70
74
B a r n e y & S m it h C a r . . 100
96 100
P r e f e r r e d ...................... 100 n 100
132 134
B e t h l'm S t e e l C o r p — S ee S tk E x d st
21
30
B liss C o m p a n y c o m . . 50 123
125 130
08
70
P r e f e r r e d ___________50
40
25
B o n d & AItge G u a r ___ 100 270 277190
80
B o r d e n ’s C o w l A lU k ..lO O 122 125
____
95
P r e f e r r e d ___________100 105 HO
*614
6 i|
104
B r itis h Col C o p p e r . .
5
B u t t e C o a litio n A lin in g 15 *2514 26
100
97
4
C a se in Co o f A m c o m . 100
103 108
65
55
P r e f e r r e d ___________100
131 133
093j 100l2 C a s u a lty Co o f A m e r . . 1 0 0 120 130
129 132
100'2 10/12 C e llu lo id C o .................- - 1 0 0
9
6
C e n t F ir e w o r k s c o m . . 100
60
65
P r e f e r r e d ___________100
100
2
3
62
C e n tr a l F o u n d r y ---------100
60
10
15
92
P r e f e r r e d ___________100
91
72
G8
D e b 6 s 1 9 1 9 o p '0 1 -M -N
95
90
C h c s c b r o u g h M fg C o - - 1 0 0 560 600
101 104
671j
C ity I n v e s t in g C o -------100 *60
97
93
98 103
P r e f e r r e d ___________100
sC la llln (II B) c o m . . .1 0 0 102
90
95
c i s t p r e fe r r e d ---------100
llc a g Olist
90
155
e2 d p r e f e r r e d .............100
120 129
*135
78
95
Co! & f lo c k C o a l& l p f 100
*x91i2 94
90
t E x c lis t
95
1 s t g 5 s 1 9 1 7 .............. J-J
36
40
9S 104
) * ____
C ol *.r 6 s O c t 1 9 5 0 . -T -J
73
70
2 7 l2 30
* ____
C o n so l C ar H e a t i n g — 1 0 0
75
70
107 m "
7 8 i2 7Q12 Con? R y L g t & R c f r l g .l .o
v e r y a c t i v e , f F la t p r ic e , n N e m . * Sa 0 p r ic e , s E x - d lv . y E x - r ig h ts , e N e w ;;tock»
le n t U n G as 5s ’2 7 . . J - J 102 10312
Con G a s (N Y )— See S tk E x c list
____
« M u tu a l G a s __________ 100 146
N e w A m s te r d a m G a s—
1 s t c o n s o l 5s 1 9 4 8 . .J - J 101I2 10312
N Y & E ltG a i 1 s t 5 s '4 4 J-J 104 K16<2
98 100
C o n so l 5s 1 9 1 5 ............J-J
40
45
N Y & R ic h m o n d G a s 100
N o r U n 1 st 5s 1 9 2 7 . .M -N / 98 100
; S t a n d a r d G a s c o m . . 1 0 0 n ____ 70
90
c P r e fe r r e d .....................100 n 75
1 s t 5s t 0 3 0 ________ Al-N 102 106
A m G as & E le c c o m . . 50
P r e f e r r e d ____________ 50
l in e r L ig h t & T r a c t . . 100
P ro ' e r r e d ___________ io o
H ay S t a t e G a s __________ 50
B ln g h ’t ’n (N Y ) G a s VVIcs
1 s t g 5 s 1 0 3 8 ............A& O
B r o o k ly n U n G a s— 6’ce S tk
B u lfa lo C ity G as s t k . .1 0 0
1 s t 5s 1 9 4 7 — Sec S to c k
Con G a s o f N ' 5s ' 3 6 . J-J
C o n su m ers' L H & P o w —
5 s 1 9 3 8 ................
J -I)
D e n v e r G a s & E le c ___ 100
G en [f 5s 1 9 4 0 o p .A l-N
E liz a b e th G as L t C o . . 100
E s s e x & H u d s o n G a s . 100
G as & E l B e r g e n C o . . 1 0 0
s Gr lt a p 1 s t 5s ’1 5 .F - A
H u d so n Co G a s _______ 1 0 0
Other CUter.
I n d ia n a L ig h t in g C o . . 1 0 0
B u ffa lo S t r e e t R y —
4 s 1 0 5 8 o p ..................F -A
1 s t c o n s o l 5s 1 9 3 1 . F -A 107t2 108I2 I n d ia n a p o lis G a s . . . . . 50
D e b 6u 1 9 1 7 .............. A-O
107 108
1 s t g 5s 1 0 5 2 ............A -O
C o lu m b u o (O) S t R y __100
96 ij ■Jackson G as 5s g ’ 3 7 . A -O
P r e f e r r e d ___________l o o
103 108 s L a c le d e G a s _____ . . . 1 0 0
O o lu m I t y c o n 5 s— S e e P h l a lis t
e P r e fe r r e d __________ 100
C r o sc t’w r 1 st 5a '33 J -D 103 106
M adison G as 6 s 1 9 2 0 . A-O
74
$ C on n I t y & L tg c o m . i o u
78
N e w a r k G as 6s 1 0 4 4 . .Q - J
80
86
« P referred .__________ 100
N e w a r k C o n so l G a s . . 1 0 0
1 s t A ref 4M ..— s c c Stic E x c list
c C on g 5s 1 9 4 0 .
G ran d Ita p ld s I t y -------1 0 0 10312 105
No H u d son L H & P o w —
88
P r e f e r r e d ___________ tu b
e L o u ls v S t 5s 1 9 3 0 . _ J & J 107U lo st'
1)7
L y n n & B o s 1 s t 5s ’24 J -l> 100
191* 20
o N o v / O rl R y s & L g t.tO O
691J
c P r e fe r r e d _________ 10'
G en M g 4 J 4s'36 S'eeS tic E x list
P u l) S c r v C orn o f N J .1 0 0 108 109
97
96
T r o t t s 2% to 6 % p c r p e '
Jc -trie Co mpanies
100 100*3
C oll 5s g n o te s '09.A I-P
40
N o r t h J e r s e y S t I t y . 100
79
*8*1
1 s t 4 s 1 9 4 3 .............1,1-N
78
C ons T ra ct of N J . .1 0 0
77
1 s t 5s 1 0 3 3 ______ „-D , 10514 lOOlj!
P r e f e r r e d ______
L ilte d E le c o t N J
N o w 'k P a s I l y 6s ‘3 0 C-j 103 110
l 3 t g 4 s 1 9 4 9 ___
P e r s h a r e , a E x - r lg h ts . 6 B a s is , c S e lls o n S t k . F x . , b u t n o t
A s*
R a ilr o a d
A tc h T o p & S a n t a F e —
C o n v 4 s (w D — See S tk
C h ic (I t W e s t c o m (\v 1) 1 0 0
P r e fe r r e d (w 1 ) . . .1 0 0
C h ic P e o & S t L p r e f . . 100
D e p o s ite d s t o c k _______
U n d e p o s ite d s t o c k ___
P r io r lie n g 4 } J s ’30Al &S
C on m tg g 5s 1 9 3 0 J& J
I n c o m e 5 s, J u ly 1 9 3 0 . .
C h ic a g o S u b w a y _____ 100
F t W & D en Cy s t d .. l 0 0
K a n sa s C ity S o il 5s A p r 1
1 95 0 (w 1) — S ee S to c k
N a t R y s o f M e x ic o — S ee S
N o r t h ’n S e c u r itie s S t u b s .
P it t s B e s s & L E . ............50
P r e f e r r e d _____ ______ 50
e R a llr o a d S e c u r it ie s C o—
I1 IC s t k t r c fs se r A ’02
Seaboard C om pany—
1 st p r e fe r r e d .............. 100
C o m & 2d p r e f — S ee B a l
S e a b o a r d A ir L in e —
C oll 5s e x t A lay ’l l M -S
U n io n P a c ific 4 s — S ee S tk
W e s t P a c 1 s t 5s ' 3 3 ..A I - S
In d u M r -i a n d A lisc e ’.
Con-,ol R u b b e r T ir e .-lO O
19
P r e f e r r e d ___________ 100
D e b e n t u r e 4 s 19 1 A & O 1 34
Con S t e a m s h ip L in e s . 100
24
C olt tr 4 s 1 9 5 7 r e ts J& J / 23
iCorn P r o d R e f — See S to c k E x c lis t
c C r u c ib le S t e e l _______100
l i h H 38
e P r e fe r r e d __________100, 8278 Silly
078
C u m b e r ia n il-E l: C o p p e r .$
■ *634
e D ia m o n d M a tc h C o . 1 0 0 127 T -712
*S4
D o u g la s C o p p e r _______
.1
E c o u ’y L t & P ( J o lie t, III)’
96
9S
1 st M a f g 5s 1 9 5 0 . J - D
21
17
E le c tr ic B o a t __________ 1 0 0
55
7J
P r e f e r r e d ___________ 100
10
E m p ir e S t e e l __________ ICO
70
75*"
P r e f e r r e d ___________ 1 0 0
(•F ederal S u g a r o f N Y - N e e S tk E x lis t
93 100
^ G eneral C h e m ic a l___ 100
e P r e fe r r e d __________ 1 0 0 10212 105
*678
G o ld fie ld C o n so l M ln e s .1 0
*lo
G o .d H ill C o p p e r _____
1
1
>4
*9lJ
0.>8
G r e e n e - C a n a n e a _____ 20
G u g g e n h e im E x p lo r ’n 1 0 0 215 220
cH a ck en sa ck
W a te r Co
89
91
R e f g 4 s '5 2 o p ’12 .J & J
53
50
H a ll S ig n a l C o _________100
9
n
H avan a T ob acco C o__100
25
20
P r e f e r r e d ___________ 1 0 0
63
08
1 s t g 5s J u n e 1 ’2 2 . J - D
H e e k e r -J o n e s -J e w e ll M ill
1 s t 6 s 1 9 2 2 . ............... A l-S 1061; 1081
31
36
H e r ’g -H a ll-A la r , n e w . 1 0 0
H o b o k e n L a n d & I m p .lO O
_
_
e 5s 1 9 1 0 __________ M & N 100
81;
91
*
H o u s to n O il___________ t o o
40
38
P r e f e r r e d ___________ 1 0 0
H u d s o n R e a l t y _______ 100 100 110
70
e I n g e r s o ll-R a n d c o m . 1 00
97
c P r e fe r r e d __________ 1 0 0
I n t e r n a t ’l B a n k ’g C o . 1 0 0 145 156
I n t e r n a t 'l M er M ar — Sec S tk E x lis t
I n t e r n a t io n a l N i c k e l . .1 0 0 111 110
87
90
P r e .e r r e d _________ 100
91
89
1 s t g 5s 1 9 3 2 ............A& O
11
13
I n t e r n a t io n a l S a l t ____ 1 0 0
60
1 s t g 5s 1 9 5 1 .............. A -O / 54
7*2 10
I n t e r n a t io n a l S i l v e r . . 1 0 0
95 105
P r e f e r r e d ___________ 100
1 st 6 s 1 9 1 8 ..................J - D 109 111
In te r n i t S m e lt & R efglO O 130 135
J o n e s & L a u g lilln S t e e l Co
1 s t s f g 5s 1 9 3 9 . .A l-N 102 10.’12
5512 5712
L a c k a w a n n a S t e e l ___ 100
#lfci2 18*3
L a n sto n M o n o ty p e ___ 20
L a w y e r s ’ M tg c C o____ 100 250
;Leh & W ilk e s -B C o a l 50 120
L ord & T a y lo r _________1 0 0 100 no
98 103
P r e f e r r e d ___________ 100
130
eL o z illa r d (P ) p r e f___ 1 0 0
25
40*
M a d iso n S q G a r d e n .. 1 0 0
80 100
2d Cs 1 9 1 0 .................. M -N
*2
2u
M a n h a tta n T r a n s it ___ 20
M itc h e ll A lin in g _______ 10
M o n o n g a h c la R C o a l. . 50
7U
P r e f e r r e d ____________ 50 *23
M o rtg a g e B o n d C o___ 1 0 0 112 115**
N a t B a n k o f C u b a ____ 1 0 0 103 106
185
N a t ’l S u r e t y . . . ........... . 1 0 0
41
N e v a d a C o n s ’d C o p p e r 5 *2414 2* * 2
* ll2 l - l .
N e v - U t a h Alin & S m . 10
62
58
c N e w C e n tr a l C o a l___ 20
N Y A ir B r a k e Cs— S ee S tk E x e lis t
N Y B is c u it Cs 1 9 1 1 . A l-S /100
45*
40
N e w Y o r k D o c k ____ 1 0 0
82
85
c P r e fe r r e d __________1 0 0
235
N Y AItge & S e c u r it y . 1 0 0
*6*"
*4
N Y T r a n s p o r t a t i o n .. 20'
N I le s -B c m -P o n d c o m . 100 104 108
N tp ls sin g M in e s _______
5 *1238 12lj
31j
212
s O n ta r io S liv e r _______ IOC
60
68
O tis E le v a to r c o m ____ 1 0 0
P r e f e r r e d ___________ 1 0 0 10012 102
*23<8 24
P itt s b u r g h B r e w in g __50
4212
P r e f e r r e d ____________ 50 *42
P itt s b u r g h C o a l — S ee S tk E x c lis t
44
48
P o p eM fg C o c o m (n e w ) 1 0 0
93
88
P r e fe r r e d ( n e w ) . ___ 100
P r a tt & W h itn e y p r e f . 100 100
P r o d u c e r s O i l _________ 100 125 130 *
R e a lty A s s o c (B k ly n ) .1 0 0 133 138
R o y a l B a k P o w d c o m . 1 0 0 160 170
P r e f e r r e d ___________ 1 0 0 107 112
S a f e t y C ar H e a t & L t.lO O 129 131
S e n e c a M in in g --------------- 25 *75
S in g e r Alfg C o _________100 460 4*6*5**
19
195j
S o u th I & S c o m ( w 1) .1 0 0
S3l2 541]
P re fe r r e d (w 1)_____ 100
Hi
*4
S ta n d a r d C o r d a g e ____ 100
1 st A1 g 5s '31 r e d . A -O / 2 5 i2 271j
4
5
A d ju s t AI 5s A p r 1 19 3 1
30
20
S ta n d a r d C o u p le r c o m 1 0 0
P r e f e r r e d ___________ 1 0 0 100
19*
16
S ta n d a r d M illin g C o . . 100
55
63
P r e f e r r e d ___________ 1 0 0
86
83
1 st 5s 1 9 3 0 ..................Al-N
704
S ta n d a r d O il o f N J . . 1 0 0 701
S w llt & C o— Sec B o s t S tk E x c lis t
1 st 5s 1 9 1 0 - 1 0 1 4 .. . J - J 100 1003*
T e x a s O o m p a n y ______ 100 165 170
90 100
c T e x a s & P a c ific C o a l. 100
*151
T itle I n s Co o f N Y ___ 1 0 0
*6-34
7
T o n o p a h Alin (N e v a d a ) 1
6
10
65
55
321|
20
67
69
114
112
114
112
2(1
*53
55
55
*53
83
84
U n it e d C ig a r A ffrs____
105 110
10
101|
29
33
P r e f e r r e d ___________100
215 220
62
65
110
117
*109
X108U 1131*
U S S t e e l C o r p o r a tio n —
11434 115lg
C ol t r s f 5 s '51 o p t ’l l
1143j 1151*
____ 60
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232
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232
128
220
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17
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17
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120
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230
128
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1051? 10438
232
230
1281a 1281a
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150
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* ____
18
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*____
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232
129
226
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58
7
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812
3711
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9
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5
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11
62
.35
24
12
55*4
*.65
*55
148
32
91
*218
157s
591a
1534
lo l2
72
1212
56
148
321.4
92
21,
I 6I4
60
16
15?s
72
121a
331.1
5738
53
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4912
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152
214
35
58
53
478
4578
491a
414
778
152
2*4
934
167
65V,
3iis
843,
1283,
11
90
315
13
112
119
2
73
10
17
74
90
Aug’09
S ep ’09
10
157
157
118
118
1
170 J u ly ’09
1391" Ju n e’09
270 Ju n e’09
132
132
159
95
95
no
8812
2
8812
19514
1578
525
14
79
79
438
171
1,309
171
73
13
54
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73
17
73
4534
10434
838
193,|
13212
126
143
*39
10612
*7<2
*140
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*10
252
1673.1
67
92
*211
21.4
*931"
10712
139
*10212
*192
1U 2
1091a
2434
27
*14
*72
East Sale 12
Last Sale 54
Last Sale
132
132
9312
94
90
*85
11S38
10412
230Vi
129
228
149
Sales
o1 tht
Week
Shares
Lest Sale 298Vi S ep ’09
73
* -* ____
Last Salt
132
*93
*85
Friday
Sept 24
Tnursacvj
Sept 23
* ____ 199
Sep’09
200
35
115
105
105
206M 204
108U +105's
115
113 113
105
105 105
20618 20318 20318
10078
Last Sale
*113
>105
20234 20234
no
Sep'09
*94U
*108
* ____ 9 4 l2
04*2
94I2
*____ 108
*1081?
14* J 1 1v no
1
40
10418
*8
19
13278
12012
1427s
39
100
*7'2
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50
4914
101a
912
25212 *252
16734 1667s
673.1
67*2
93
93
2111,1 2111.1
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9412
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107I2 10712
139
139
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194
195
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10978
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27
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127
129
12611 12812 129
14378 14438
144
14311 14114
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>____ 39
1063.1 X10434 105
104I2 105
8
Last Sale 7>2
Sep’09
>140
____ 140
140
50
*51
52
5214
5214
10
93.4 IOI4
9*4
9Vi
254
252 252
252
252
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167
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67
6718
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9234
9212 93
93
2 III4 2 1 H4 2111a *212
*214
278
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278
278
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9512 95U
107*2 10712 10712 10712 1071?
139
138 138
138*2 1381a
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19434 *192 195
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1112
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110
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2434
2434 * ____
243.1 * ___
27
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4712
105
83,
193j
134
127
1433s
40
10634
8
162 167
16312 165
16312
65Vi 651?
6514 60I2
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3118 3 1 14 *31
841a 8534
83V, 85
8334
12814 12814 128 1291? 128
11
11
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1112
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90
90
88
90
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16414 16312
65
6511
3 H4 *303,
837S
85
1283a
129
113S
IU 2
90
*89
ST O C K S
B O ST O N STOCK
EXCHANGE
R a ilr o a d s
A tch T o p & S a n t a F c .1 0 0
D o p r e i____________ IOC
B o s to n & A lb a n y ____ 100
B o s to n E l e v a t e d _____ 100
B o s to n & L o w e ll_____ 100
B o s to n * M a in e _____ 106
D o p r o f____________ IOC
B o s to n & P r o v i d e n c e . 100
B o s to n S u b u r b a n El C o s.
D o p r e t ________________
B o s t o n * W o r E le c C o s __
D o p r e f ________________
C hic J u n e R y & U S Y .1 0 0
C on & M o n t, C la ss 4 . . 1 0 0
C on n & P a s s R Iv p r e f - t o o
C o n n e c t ic u t R iv e r ___ 100
F itc h b u r g , p r e f _______ 100
Ga R y & E le c tr ic ____ 100
D o p r e f ____________ 100
M ass E le c tr ic C o s ____ 100
D o p r e f____________ 100
N Y N H & H a r t f o r d .100
N o r th e r n N I I _______100
50 O ld C o lo n y ___________100
6
50 S e a t tle E le c tr ic _______ 100
D o p r e f ____________ 100
20
385 U n io n P a c ific ________ 100
D o p r e f ____________ to o
3
1 W e st E n d S t _________ 50
D o p r e f ____________ 50
26
3 ,5 3 0
183
2,974
1,064
5,154
841
15,628
15
990
1
225
780
83
290
2,312
252
68
17
48
107
309
1
55
305
487
25
22
164
1,399
65*4 2,439
213
31*4
85 41,390
12838
588
674
1112
90
31
67„
6?s
634
63i
6I4
300
612
012
6>2
612
593.1
59
5934
5834
60
58
583i 1,720
58
61
823.1 8378
8238
8318 84Vt
83l8 24,098
83V, 841 „
8438
32
3218
3131 321-s
3212
3212
3 H 2 3212
3212 5,860
___
__
____
_ __ zi
30
50
445., 46 V,
4412 4512
4538 4714
46S8
4618
47&8 20,714
____
1
1
+.80
Last Sale 1
S ep ’09
*.8 0
1
8”8
9
834 2,580
9
91?
81g
IOI4
978
9Vi
___
AUg’09
*.5 0
.55
Last Sale {2
.55
* .5 0
.55
1478
1478
15
15
980
15
15
15
141a 151s
211a 2 1 12
213,i 217s
2112
217,
211.1 213,
21% 2,950
257s 11,920
2G18 2634
,
25s8 26's
25Vi
26->1 27 V
27
104
104 10412 101
10412 101
10112 104
105
>47
680
19
685
685 685 +670 680 *675 680 *675
403.1 42
4012 2,702
42l8 421,
42V,
401a 4 U 2
401a
.16
.16
.19
.20
.20
.20
.20 1,530
.20
*.1 5
12
82
8112 8131
81
8 II4 82
81
8 H4 1,183
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9
9
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1134
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1 M 4 1234
12
12
12
3,910
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2
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2
2
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2
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2
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17'4 17 V
173s
1712 171a
17
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1,449
1712 171a
978
9'8
934
934
10
934
978
934 3,617
9*2
102
102
102 102 *100 102
102
100
100
236
958
9U
938
9Vi 5,038
93.,
918
9I4
912
9*8
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7
7
7 " 2,493
612
6*4
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7
7>4
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2414
24
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24l8 2,085
83,,
83,
834
3634
36
36Vi 371"
36
37
8,370
3618 3C12
3612 371a
1534 10
15
16*4 5,499
16
1612
15V,
1511 16
id s
81a
81a
8
8
8
*8
*8
8
8
665
7*2
.60
*.6 0
.60
*.50
*.5 0
.60
Last Sale .70
A ug'09
4ta
*41a
5
5
*n2
5
5
412
210
*4*2
5
16
16
1618 5,274
1618 1612
1012
16
1G18
1618 16V,
11
1012 1012
*1034 11
1012
11
*1012 11
1012
420
62
62
62
621a 63
62
6 lla 611a
63
03
361
.35
Last Sale .25
S c p ’09
.35
*.2 5
*.25
.35
*.25
2438 1,590
2 II4 24f>8
241.1
24l8 2414
243s 2458
2414 241a
121" 123,
1214 123,
1258 13
1212
12V,
12
1212 12,521
COla 03l8
6234 33,405
001 a
681a
58
5812 GII4
5812 6912
.810
83 j
- S7o
811 878
812
Last Sale .65
S c p ’09
.*.65
*.65
*.65
5334
5434 2,625
65
5412 55
553.1 50
55
5612 5612
148
150 150
148 148
148
150 151
150 150
425
32Vi
3Ha 1,493
32
3112 32
3U 2
3178 32
3 U 2 3178
911"
921a
92
90
91
*9U 2 92
91*2
9212 921"
370
2
2
23g
218
218
*2
*2
214
*21S
2«4
230
1534 1534
1534
15*4 153i
1638 5,060
153.1 10
16
10
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59
69
*583.1 60
59
59
58
*591.1 60
600
16
10
16
16
10
163,
lo
10
1 ■
161,976
15^4 157s
16
1558 1,341
16
16
10
16's
15l2
16
*71U 72
70
71
70
72
70
7212 *7112 73
131
121a 13
121a 12t2
12Vl 121a
121a
121a 1212
1212
730
lOSg 10'J9
343.,
3 458 351.1
341.1
35
35
351"
34
3412 341a
2,995
573s 58
57Vi
59
5731 581a
5734 5834
58
575s
527„ 63
533s 5312
5212 531a
5312 3,069
5312
5338 531?
41a
41a
41a ____
43 4 47s
41a
41a
41a
1,115
441a
453.1 453,
x45
45Vi
4434 1,584
46
46V|
46
46
50
5011 503g 50's
5 012 501"
5 0 l2 61
170
33,
334
33,
*4
4Vi
*33l
4
412
418
160
8*4
734
8
83s
8
8I4
8
8
*778
818
8 I4
2,115
153 153
15314 15314 152 152 *152 153 *152
153
25
23,
23S *2Vi
*214
2^2 21*> *21,t
25S
212
2*2
150
6I4
60U
83*4
32
497s
4512
* 80
IOI.4
*.50
1473
213t
2631
10312
680
413.1
.20
8 II4
*8
121.1
158
17*8
934
98
912
R e c o r d , D a ily ,
W e e k ly
and
Range since Jan. 1
' 1909.
Lowes'.
98 J a n 13
100*4 Ja:: 15
225 J a n 1
12414 Jan. 1
224 J a n 12
1321a r a n 3
151 F e b 26
295 S e p 14
11*4 J a n 2
(i0i2 J a n 5
10 M aylO
52 J a n 5
143 .'an 2V
116 M c h lJ
170 J a n 26
J39 J a il 2
267 J a n 15
129 J 'ly 29
75 J a n .1
79 J a n 1!
195V| J a n 13
11*4 J a n 12
58>2 J a n I )
157 J a n 21
146 F e b 1
200 A p r 13
194 J a n 5
26 A p r 27
9014 M ch 2
97*2 A p r 5
i 17278 F e b 26
931a M ch 2
Jan 2
J ’n e 2 5
M ch 12
83
103
1-14
M is c e lla n e o u s
A m er A g rlcu l C h e m .-lO O
33*4 J a n 2
D o p r e f ____________ 100
04 J a n IS
A m er P n e u S e r v i c e . . 50
5*8 J a n 26
D o p r e f ____________ 50
13 J a n 13
A m e r S u g a r R c fin — 100 121'a J ’n e 2 2
D o p r e f ____________ 100
120 J ’n e 2 6
A m er T e le p & T e l e g ._ 1 0 0 125* 4 F e b 1
A m e r ic a n W o o le n -------100
27*2 F e b 4
9 3 l2 J a n 15
D o p r e f ____________ 100
334 A pr l
B o s to n L a n d _________ 10
C u m b T e le p & T eles? . 100 125 J a n 25
18*2 J a n 11
D o m in io n I r o n & S t e e l . .
7 Jan 4
E a s t B o s t o n L a n d _______
E d iso n E le c I li u m ___ 100 245 J a n 2
150*8 F e b 21
G en era l E le c t r ic _____ 100
M a s sa c h u sc ttsG a s C o s 100
59 J a n 5
89 J a n 5
D o p r e f ____________ 100
M c rg e n th a lc r L in o ___ 100
202i2 M ch 12
M e x ic a n T e l e p h o n e .. 10
2 Jan 5
N E C o tto n Y a r n ____ 100
68 A p r 24
D o p r e f ____________ 100
93 J a n 2
N E T e le p h o n e _______100
1261.1 J a n 5
P a c ific C o a s t P o w e r . . 100
75 F e b 6
P u llm a n C o ___________100 168 J a n 30
R e e c e B u t t o n - H o l e .. 10
9*4 J a n 11
SvvLft * C o ____________ 100 100 J a n 9
T o r r tn g to n , C la ss A __ 25
20t2 M ay21
D o p r e f ___________ 25
24*4 J a n 29
U n io n C op L ’d & M ’g . 25
1 J a n 26
U n ite d F r u it _________ 100 12012 J a n 13
U n S h o e M a ch C o r p ._ 25 z54
M chl'i
28la J a n H
D o p r e f ____________ 25
413j F e b 2 1
U S S t e e l C o r p -----------100
D o p r e f ____________ 100 107 F e b 23
0i8 J a n 11
W e s t T e le p & T e le g -.lO O
76 M ch 3
D o p r e f ____________ 100
M in in g
G J ’l y 14
A d v e n tu r e C o n _______ 25
34 J a n 29
A llo u e z ________________ 25
65 F e b 26
A m a lg a m a te d C o p p e r 100
23 M ch 2 7
Am Z in c L e a d & S m _ . 25
381a F e b 26
A n a c o n d a ____________ 25
A r izo n a C o m m e r c i a l.. 25
30 F e b 26
A r n o l d ________________ 25
45 F e b 17
A tla n tic _____________ 25
8 J ’ly 16
B o n a n z a ( D e v C o ) ___ 10
.45 F e b 16
B o sto n C o n C& G (rets) £1
10*i M ch 15
B o s& C o rb C o p & S U M g
5
17*8 J 'ly 14
B u tt e C o a litio n _______ 15
2138 F e b 24
C a lu m e t & A r i z o n a .. 10
96>4 M a y 3
C a lu m e t & H c c la ____ 25
685 F e b 23
C e n t e n n ia l____________ 25
29 F e b 1
1 .10 J ’n e2 6
C o n s M ercur G o ld ____
C o p p er R a n g e Con Co 100
68’s F e b 26
D a ly - W e s t _____ _______ 20
7’2 M ay28
E a s t B u t t e C op M i n .. 10
71 F e b 1
1*8 A u g 6
E lm R iv e r ____________ 12
F r a n k l i n _____________ 25
13 F e b 25
G ir o u x C o n s o lid a te d .
5
7*8 J 'lie 16
90 F e b 26
G ra n b y C o n s o lid a te d .1 0 0
G re e n e C a n a n e a ______20
9 F e b 26
2
Highest
Y e a r ly
' lari'ic tor P etious Ycm
190S)
Lowest
Highest
120*4 A u g 12
106 J 'no 7
239U A p r s
132i8 A p r 22
235 Met) 19
15012 S e p 9
160 A p r 8
301 J a n 9
22 F e b 3
75 F e b 3
14% M oll 12
5312 A p r 2)
162 J ’ne2 3
123 J ’ly I*
173 M ch 3
1412*2 M cll 25
175 M c h l )
130 F e b 5
95 S e p 3
88la S e p 15
195 m -Jail 13
I73j S e p 2
SO S e p 18
.*7478 J ’n e 1 149 A u g 9
215 S e p 2
200*8 J a a '8
40 J ’n e 5
11712 A u g 11
107 A u g 3 2
218*4 A u g U .
I I 7 I4 A u g 16
175 -vpi 17
9 8 is A p r 23
) 12 A p r 27
146 .May 19
6 7 's Fct
8:'l2 Mel
181ia J a n
1 2 lia D e c
20JVi Feb
111 O ct
136 F e b
284 Ja il
9 Mel
45 J a n
812 A'ov
47P. D e c
120 Jan
102 J a n
163 D e c
13314 S ep
244 Jan
117 Jan
67 A p r
a
O ct
193 N o v
8I4 J a n
40 J a n
128 J a n
140 J n e
200 A p i
175 J a n
15 J a n
70 F e b
88*s Jail
110*2 Mcl)
78*.| Apr
150 Jati
76 J a n
96 Jan
138 J ’ly
1UU., D e c
IOH4 D e c
V3) D e c
HO J a n
228 D ec
140 J a n
156 J a n
301 N o v
13 M ch
{8 N o v
17 J a n
0 0 i2 J a n
151L D e c
IHJD D ec
165 Mch
133 A p r
263 D e c
133 N o v
80 D e c
85
D ec
193 N o v
Y6:'.\ N o v
64 N o v
161 N o v
145 A p r
105 F e b
lOtJifc D e c
34 D e c
96 D e c
102 D e c
185r8 N o v
>
97*8 N o v
161 N o v
9U "Sep
110 D e c
HO M ch
50Vi A u g 12
105 J ’ly 23
I* e b -3
22 J ’n c l l
136 A p r 8
131 A p r 18
14 438 S e p 24
■10l8 A u g 27
108 J ’no 11
73.1 A u g 3 0
145*2 J ’l y 29
5 2 *4 S e p 24
1378 J ’n e 9
200 A p r ,’
173 A u g ?
67*4 S e p 21
97 A p r 23
220 F e b 17
3 M cb 29
98 J ’n e i i
110 J ’n elO
139 S e p 20
10C12 A u g 23
191) A u g 7
l l l 2 J ’n e 11
114*2 A u g 0
25 A u g 13
2712 S e p 23
2 Apr 2
167 S e p 20
00*4 J a n 14
31*4 S e p 21
85*4 S e p 22
129% A u g 3
1234 M a y 5
90 J ’ly 15
13 Jan
77 M ch
4 heb
91" F e b
99U Jan
106 F e b
99 J a n
16 J a n
773j F e b
3 Jan
90*2 J a n
1434 J a n
414 M ch
201 Mch
111 Jan
49 Mch
77 J a n
192 A p r
1 Mch
40 Mch
15 M ch
105 J a n
5 H 2 J 'n e
147 J a n
9 Apr
88i2 J a n
20 J a n
23 M av
1U M ch
114i2 J a n
38*2 J a n
2478 Ja il
26 J a n
87i2 J a n
4 F eb
69 J a n
36 N o v
96 N o v
12 D e c
23 D e c
137:' , N o v
132 N o v
1321? N o v
3238 D e c
961? N o v
4i2 D e o
128 N o v
2 U4 D e c
8*s N o v
253 N o v
102 D e c
60 D e c
90 N o v
216 N o v
3 O ct
78 N o v
93 D e c
128 N o v
79 D e o
1741a N o v
101? N o v
I08i2 J ’ly
24 O ot
26*2 D e o
2 i2 J a n 1
148 J ’I7;
62*8 N o v
20 N o v
68*j N o v
114 N o v
91a N o v
6OI4 D eo
1214 A u g
l l 2 Feb
10*2 M ay28
6 1 l2 S e p 16
24 A p r
4112 N o v
8878 A u g 12
&3i8 N o v
46 F e b
203j J a n
30 J ’n e
323j A u g 3
615? J 'n e 4
63 N o v
28 F e b
14 J a n
4758 S e p 24
40*8 D e o
.90 A u g
1 l'e b 17
.40 F e b
191 a N o v
8 Apr
18 J a n 2
,76 N o v
.80 M a y 7
.25 O ct
lSlg N o v
17U M ay 8
10*4 Apr
2258 J a n 2
25 N o v
11*4 Apr
30 A u g
28 M a y 8
15*2 J a n
130 A u g
119 J a il 4
93 F e b
69 > A u g 13 x605 Mali 700 J a n
36*4 N o v
2 1 Fob
4 4 i2 S e p 3
.45 J ’n e
M5 Mel)
.35 - a n 15
837s N o v
S6V A u g 12
1
66*8 F e b
W s N ov
12 -Mch 19
7 Jan
10 D e o
8*4 D e e
165.8 A p r 20
234 N o v
.90 (Mch
2i2 J a n 15
191« N o v
61" A pr
19 A u g 3
10Vf A u g 2
(10 J ’ly
80 J a n
110 J a n 4
123j J a il 2
13l/| A u g
078 J a n
]2V| .1’11(110
7% A u g 0 _______ ___ __
17*4 I"eb
33V| F o b 11
2014 J a n
03g A u g 19
39 A u g 18
10 S e p
24*4 D e o
1634 F e b 10
12I4 J a n
17*4 J a n
I 8 I4 M ay23
83a A u g
2*4 Mcll
.70 J ’ly 2
.26 J a n
,75 J ’ly
6I4 M aylO
3ia D e c
8 Jan
17V A u g 6
i
16la D e o
834 S e p
13Vj M ch 4
151a N o v
714 F e b
70i8 J a n 8
73 N o v
46 F o b
A0 A p r 6
138 J a n
.27 D e c
20*4 N o r
25ls A u g 12
8*8 J a n
13 S e p 21 - - - - - - - - - - _______ _
89*4 N o v
40*4 F e b
86V| r a n 2
H e lv e tia C o p p e r _______ 25
I sle R o y a le (C o p p e r ). 25
6 J ’ly 21
22l8 A p r 27
L a k e C o p p e r _________ 25
La S a lle C o p p e r ______2 5
M ass C o n so l___________ 25
M a y ilo w c r ____________ 25
M e x ic o C on s M & S . _ 10
M iam i C o p p e r ________
5
M ic h ig a n _____________ 25
M o h a w k _______________ 25
M jn ta n a C o n so l C & C 10
N e v a d a C o n s o lid a te d .
5
N lp is sln g M in e s ____ _ 5
N o r th B u t t e _________ 15
16 J a n 30
103.i J ’ly 10
4*4 M ch 18
.30 A p r 29
3 l2 A p r 16
1234 F e b 26
73.i S e p 3
x ?712 J ’lY w
19 F e b 11
16la F e b 26
10*1 A u g 17
47’1 J ’ly 10
O ld C o lo n y ___________25
O ld D o m in io n ________ 25
O s c e o l a _______________ 25
P a r r o tt (S ilv e r & C op) 10
Q u in c y ________________ 25
S a n t a F e (G o ld & Cop) 10
S h a n n o n _____________ 10
S u p e r io r _______________25
S u p e r lo r & B o sto n M in 10
S u p c r lo r & P ltts C o p p . 10
T a m a r a c k ____________ 25
T r i n it y .............................. .. 25
1 j ’ly
.76 A u g 6
.50 J a n
.40 ” J ’n e z l
60*2 D e c
59 A u g 11
28 J a n
47U E el) 24
135i2 D e o
77 F e b
122 F e b 2u 151 S e p 16
3U 8 D ec
3G J ’n e lO
I4
10i2 J a n
20 F e b 1
100 A u g
77 F e b
to J a n 4
85 F e b 1
1*8 A p r
3*g N o v
2 F e b 25
278 J a n 8
0*4 F e b
19>4 N o v
131" F e b 26
1778 J a n -1
14 A p r
C2l2 A u g 3
3G12 N ov
34 J a n 6
181? M ft\2 s - - - - - - - - - - . . . . . ____
14 M ch 24
14'8 O ct
1278 A p r 27
)S l2 J ’ly o
20i8 N ov
90 F o b 26
60 Mch
62 J ’ly 10
88 N o v
17^3 Jn.11 2S
12i8 F ell
101? J ’nc2 1
25 A u g
!0Vi J a n s
8I4 .J’n e 22
38 A u g 12
9 M ch
3634 N o v
28 J a n 12
59 S e p 21
28 Mch
39 F e b 25
467s N o v
6312 A u g 13
37 F e b
47 N o v
44 J a n 8
(r*4 J a il 26
4*„ S e p
7 N ov
4*4 A u g 17
48*2 A u g 11
60 A u g
2 9 l2 J a n
37U F e b 24
64 A u g 1
53 N o v
28's May
393.1 F e b 20
61a M a y 6
5 N ov
212 A p r
3*8 J a n (>
c7 *4 N 0 v
8*8 S e p 20
-*84 A p r 30
41" Jan
156 N o v
139 M ch 1+ 16S A u g 12
115l2 Jan
3*s O ct
4 .Jan k ,
60
Mav
2>4 A p r 23
U n ite d S ta te sC o a l& O U 25
U S S m e lt R ef & M in . 50
D o p r e f . .............. ........50
U ta h -A p e x M in in g ___
5
U ta h C o n s o lid a te d ___
5
U ta h C o p p er C o _____ 10
V i c t o r i a . . ____________ 25
W i n o n a _______________25
W o l v e r i n e ____________ 25
W y a n d o t ____________ 25
Vc
,
W kek E nding SErT 24
Brice
F r id a y
S e p t 24
I I
1 J- J
M-S
J .J
M -S
A-O
N ov
M-N
J -D
J-D
J -J
M-S
J -J
J -J
F-A
J -J
N o u -e x e m p t 6 s ................... l a i n J - J
S i n k in g fu n d 4 s ..................1 9 1 0 J -J
B u tto A B o s to n 1 s t Gs___ 19 1 7 A-O
C ed ar H ap A M o It 1 s t 7 s . l 9 1 0 M-N
2 d 7 s ..........................................1 9 0 0 J -D
C ent Vorm t. 1 s t g 4 s .. A l a y l 9 2 o <)-F
0 B A Q I o w a D iv l e t 6 s . 1 9 1 9 A-O
I o w a JDtv 1 s t 4 s ..................1010 A-O
D e b e n t u r e 6 s ........................1 9 i:i M-N
D e n v e r E x t e n 4 s .............. 19 2 2 F-A
N e b r a s k a E x t e n 4 s .........19 2 7 M-N
B A S W s t 4 s ......................19 2 1 M-S
I llin o is D iv 3 %s..................19 4 9 J - J
J o i n t b on d s See G t N o r th e r n
Ohio j o lty A Stic Y d s 6 s . 1915 J -J
C oll t r u s t r o lu n d i u g g i s l 9 4 0 A-O
Oh M il A s t 1* l n i b D G s.. 192u J - J
Oh M A S t I' W ls V d iv 0 s l9 2 ( i J - J
O hio A N o M id i 1 s t g u 5 8 .1 9 3 1 M-N
O hio A W M ic h g e n 6 s . . ..1 9 2 1 J -D
O o n c o td A M on t c o n s 4 s . .1 9 2 0 J -D
C on n & P a s s i t 1 s t g 4 s . . . i 9 4 : i A-O
C u r r e n t B t v e r 1 s t 6 s .......... 1927 A-O
D e t G r R a p A W 1 s t 4 s . . . 1940 A-O
D o m in io n C oal 1 s t s f 6 s . .1 9 1 0
F itc n b u r g 4 s ............................19 1 6
4 s ............................................... 1 9 2 7 M-S
irr e n it E lk A M o V 1 s t O s ..1 9 3 3 A-O
U n s ta m p e d 1 s t Os............ 1 9 3 3 A-O
Q t N o r C B * <4 c o il tr 4 s 1921 J - J
R e g is t e r e d 4 s ........................1921 y - j
’
Ash Low
H ig h
. .! % Sale
927,
93%
lii6%
100%
................... .
8 3 M a r’d.
1 9 0 Hale 190
190
100% Sa le 100% 100%
93
95
9 4 % S e p ’01
93
95
93%
93%
118% 11!)
i 17 ..........
7 3 Hale
72%
73
111) F e b ’04
100% M ar'09
101 % O ct ’Of
112% J a n ’03
104 O ct ’07
102 S o p ’05
99% J a u ’Oil
100 J ’n o ’01
117 J ’n e ’08
111*8 J ’l y ’05
89
89*8
11103 O c t ’07
....................... 99% J ’l y ’09
100 A p r ’08
99% J ’lie 09
...................... 102 Alay’09
....................... 98% F e b ’09
90% J ’l y ’09
C o n v e r t ib le 4 s ___
"aCr'1” 1 m
Week’s
R a n g e or
L a st Sale
..........1 0 2
08 S a le
1 0 2 % ..........
.......................
.......................
.......................
.......................
....................
.......................
.......................
.......................
...................
97 % Sale
9 0 % ..........
U n M
R ange
Since
January 1
If
A. Low
27 91%
9(
92%
83
i 130
t 100
92%
■ 93
J
.
15 102%
m 71*
4t 6 9
l
102
102
4
93
93
1
118% F e b ’00
1 2 0 F e b ’05
103
103
4
100 J ’l y '02
9 1 D e o ’07
112% J a n ’03
9 0 F o b ’09
90*8 J ’l y ’09
9 0 *2 A u g ’09
103 %A p i ’05
9 0 A p r ’Of
133 M ar’09
-40 A p r ’05
907,
97 *, 62
9 7 7„ J ’l y ’0 9 | . . .
BONDS
B O S T O N S T O C K K X O H ’G E
Price
F r id a y
S e p t 24
W eek E nding S ept 24
Jlig h
Hid
90%
100 78
83
190
101%
94%
94 %
119
1‘ 01,
2
73 s
Week’s
R a n g e or
Last S a le
Sow
Lange
S in ce
January l
H it] u
l.ow
I llin o is S t e e l d e b e n 5 s
1 9 1 0 J -J
100
l o o t , S e p ’09
N o n -c o n v e r t d e b e n 6s.'..’ l9 1 3 A -0 101
101
m l
S io u x C i s t 7 s . . 1917 A-O
117 A p r ’OS
K an C C lin A S p r 1 s t 5 s . . .1 9 2 5 A-O
94
90
0 0 A u g ’os
K an C F t S A G u lf e x t 5 s . . 1911 J -D
101 J ’l y ’09
K a n C F t S c o t t A M Os___ 1 9 2 8 M-N 1191
1 1 9 1 , S e p ’op
K an C M A B g e n 4 s .............19 3 4 M-S
93
9 3 S e p ’09
A s s e n t e d in c o m e 5 s .........1 9 3 4 M -S
91
91
91
K an C A M Itjr A B r 1 s t 5 s l 9 2 9 A-O 104
104 J ’neO P
M a in e G en t e o n s 1 s t 7 s . ..1 9 1 2 A-O
113% N o v ’OU
1912
C o n s 1 s t 4 s .............
101*4 S e p ’05
100% 100% M arn H o u g h A O nt 't s t 0 s ! l 9 2 5 A-O
A-O
115 J ’n o ’OS
M a ss G a s 4% s ( r e c t s ) .........19 2 9
93*!!
937,
M e x ic a n C e n tr a l c o n s 4 s 1911
-J
8 0 M a r’U9
l s t c o n s i n c 3 s .............J a n i 9 3 9
IjlG A p r ’Of
. / • l c o n s m o 3 s ............ J a n 1 9 3 9 w
1116*4 A p r ’o
93% 99% M ich T e l e p l s t 5 s ................... 1 9 1 7 j -;
M in n e G en E le c c o n g 5 s 1 9 2 9 j . j
102 % A u g ’04
N e w E n g C o t Y arn 5 s . . . . 1 9 2 9 F-A
104% too**, 1 0 3 3.
N e w E n g T e le p h 6 s .............19 1 5 A-O
102 F e b ’0 9
81
00 %
fis ..
....................................1 9 1 0 A-O
100*9 S e p ’08
N e w E n g la n d c o n s g 5 s . . . 1 9 4 5
J
09% 100%
B o sto n T e r m 1 s t 4 s ........ 1 9 3 9 A-O
N Y N H A H c o n d e b 3 % s l9 5 6
J
1 0 8 '4 A u g ’09
99% 1 0 0
C o n v d o b O s ( c t f s ) .......... 19 4 8 J - J
138 *9 A u g ’OJ
101% 102
Old C o lo n y g o ld 4 s ................192 4 F-A
101 A p r ’09'
98% O f% G reg l t y A N a v c o n g 4 s . . 1 9 4 0 J -D
9 8 7, S e p ’01*
0 0 ‘s 9 2
G re g S li l a n e 1 s t g Us.........1 9 2 2 F-A
118 7a .U al *Oa
lie p u b V a lle y 1 s t s f U s ...1 9 1 9 J - J
105 D e c ’Ob*
102 1 0 4
R u tla n d 1 s t c o n g e n 4 % s .l9 4 1 J - J
107*9 N o v ’0 8
91
94
R u tla n d -C a n a d la n 1 s t 4 s 1949 J - J
1 0 2 M a i'02
118% 118% S a v a n n a h E le c 1 s t o o n s 5 s. 1 9 5 2 J -J
98 *a M ay’OO
S e a t tle E le o 1 s t g 6 s .......... 1 9 3 0 F-A 105 % 100
100 A u g ’09
lO l 1 0 3
T e r r o H a u te E le o g 5 s ___ 1 9 2 9 J -J
9 7 A p r ’0 7
102 100% i'o r r in g to n 1 s t g 6 s ............ 1 9 1 8 M-S
102 A ug’Oti
U n io n P u o It It A 1 g r g 4 s . 19 4 7 J - J
102% A pi ’0 9
2 0 -y e a r c o n v 4 s ................... 1 9 2 7 J - J
L10*9 J ’n e ’0 9
90
90
U n ite d F r u it g e n s f 4 % s .l9 2 3 J - J
90*4 S e p ’09
87
92% U S C o a l A O il 1 s t s f O s.. 1938 M-N
142 A u g ’0 9
90% 97% U S S t e e l C orp 1 0 -0 0 y r 5 s . 1 9 0 3 M-N
lo o *g S e p ’Op
W e st E n d S t r e e t R v 4 s ___ 1 9 1 6 F -A
100*9 A p r ’09
G o ld 4 %s..................................19 1 4 M-S
1 0 1 % J ’n e ’UP
i3 3 1 3 3
G o ld d e D e n tu r o 4 s .............1 9 1 o M-N
99*4
99 V
G old 4 s ..................................... 1 9 1 7 F-A
9 9 *4 S e p ’0 9
90% 0 9
W e s te r n T e le p h A T e l 6 s . 1 9 3 2 J - J
99*4 Sale
9S**4
9 9 *9
97% 98% W is c o n s in C e n t 1 s t g e n 4 s l 9 4 9 J - J
9 5 *« A p r ’0 9
"*
. . . Boatoii Bomla.
- .V ,
H ig h
100*4 l t ’0 34
00*4101*9
94
100*9
110*4
90
80*9
103*9
v6%
101
120*4
93
92*9
104
98*4 100
8 4 3s 8 0
t 0 2 *t I 0 4 34
102 102
9 7 38 108*4
134
138*9
101 101
OS7, B 8 7i
U 8 ’8 119*«
105*4 106*9
102 1 0 2
102*4 103*4
1 0 v 58 110*9
95% 97
120 1 5 6
102*4 108*4
100*9 100*9
100*4 102*9
99*4 100*9
9 9 *4 100%
9 6 100*9
9 3 7g 95*4
„ ,a , 0 „
P h ila d e lp h ia a n d B a ltim o r e S to c k E x c h a n g e s — S to c k R e c o r d , D a ily , W e e k l y Y e a r ly
W luiro P r ic e s —N ot F o r C e n tu m P r ic e s
S a tu r d a y
S ept 18
M onday
Sept W
T u esd a y
S e p t 21
1 0 7 107 s
*18
19
*........... 39
1 3 7 , 13%
107*9 109
18% 18%
.......... 39
14
14*8
10.3 108*9
‘ 18 . . . .
.......... 3 9
........... 14
*40*9 41
*45*9 40
4 4 7s 45*9
* 12*4 1 2 %
62
62
*28
23*9
68% 7 0
12*9 l'JV
20*9 27
1 2 0 120*9
I 08 1 05K
72*8 72%
•47*9 43*4
12% 1 2 %
27*4 27%
8 4 7, 85*9
“
7
7
52*9 62*s
91
91
40*9 41
46
46
45% 48*4|
‘ 12*4 12 *
9
62
62
23
23
69*9 09%
12*9 12*9
26% 27
119 120
104*4 109%
7 2 % 72*s ie
*47*9 48%
12 % 12%
26*4 27%
80
85%
'6 7 ,
7
62% 63
91
91 "si
W ednesday
S e p t 22
*40
41
*46*9 40
47% 49
*12*4 12*9
62
62%
*23
23*9
70
70
12*9 12*9
26*9 20*9
119 > 1 2 0
9
1 0 0 % 1 13
F I i 11.A D E I ,I ’ i 11 \
i n a c t i v e M to c k s
A lle g h e n y V a l p r e f . . . . 60
A m e r ic a n C e m e n t.........60
A m o r P ip e M fg .......... 100
B e l l T e le p h o n e ( P a ) . 100
C a m b r ia I r o n ................... 6 0
C e n tr a l C oal A C o k e . 100
C o n so l T r a o o f N J . . . 1 0 0
D ia m o n d S t a to S t e e l . . 10
P r e f e r r e d ........................l b
E a s t o n C on E l e c tr ic 6 .6 0
E le o S t o r a g e B a t t ___ 1 0 0
P r e f e r r e d .............
100
F t W a y n e A W V ___ I l o o
G e r m a n to w n P a s s ___ 60
I n d ia n a p o lis S t .............i o o
I n d ia n a U n io n T r . . . 100
I n s u r a n c e Go of N A l o
I n t o r S in P o w A G b em .6 0
K e y s t o n e T e le p h o n e . . 6 0
P r e f e r r e d .......................50
K e y s t o n o W a t c h C u s e .lo u
L i t B r o t lio r s ......................10
L lt tlo S c h u y l k i ll .............60
M in o h ill A S c liu y l 1 1 ..5 0
N H a v e n ir o n A S te e l. 6
N o r t h e r n C e n t r a l.......... 61)
N o r t li P e n n s y l v a n ia . .6 0
P e n n s y l v a n ia S a l t .........50
P e n n s y l v a n ia b t e e l . . l 00
P r e f e r r e d ..................... 100
P h lla Co ( P it t s ) p r e f ...6 0
P h il G er m a n A N o r r i s . 60
P h ila T r a c t io n ................. 50
R a ilw a y s G e n e r a l.........10
S u sr iu o n I r o n A S t e e l . .6
T id e w a lo r S t e e l ............ l o
P r e f e r r e d ........................10
T o n o p a h A lin in g of N o v i
U n io n T r ot l u d .......... lo o
U n it e d N J l i l t A O . . 100
U n it T r a o P i t t s p r e f .,5 b
W a r w ic k Iro n A s t e e l , in
W e s t J o r s e y A s e a S l i .o b
W e s tm o r e la n d C o a l....5 0
W ilk e s G a s A E le c . .101
72%
48%
12*9
27*9
847,
6 *»i 9
63 *4
91
B id
40% 40%
46
46
47% 48%
12% 12%
61
62
22% 22%
•69*9 70
12*9 12%
26*9 20%
1 1 9 119
9 9 103
73»ie 7 3
737,
43*4
48
48%
12%
12*9 12%
28
28
29
8 4 * 1 , 86%
6*%,
7
7
63 % 63% 63%
91% 91
91 * ,
107% 107*9
*18
....
.......... 3 9
.......... 14%
40*9
*45*9
40%
12%
00
23
*09
12%
20
117
90
73
477,
12%
28
83*16
G7„
6 3 *9
90%
40%
40
47%
12%
“
01
23
70
12%
20%
118
100
73%
4778
12%
28%
84%
7
6 3 *9
90%
A sk
F i l l D A D E I,F 1 1 1 A
40%
F r id a y
S e p t 24
•3 5
38
*84
85
107% 108%
*18*9 19
♦33
39
*13% 14
A1 V a l E e x t 7 s 1 9 1 0 A-O
A l t A D V E le o 4 %s’3 3 .F -A
47
A m R y s c o n v 6 s 1 9 1 1 .J -D
A t l C ity 1 s t 6 s g ’1 9 . M -N
77
B o r g A E B r w 1 s t 0 s ’21 J-J
B e t h le S t e e l 6 s 1 9 9 8 Q -F
C h oc A M o 1 s t 6 s 1 9 4 9 J-J
Oh O k A G g e n 6 s ’19 J J
00%
C ol S t R y 1 s t c o n 6 s 1 9 3 2
C o n T r a c o f N J l s t 5 s . ’33
E A A 1 s t M 6 s 1 9 2 0 M -N
E le c A P e o T r s t k tr o tfs
K q II G a s - D l s t g S s 1 9 2 8
In d ia n a p o lis R y 4 s . 1 9 3 3
22
2 2 % I n t e r s t a t e 4 s 1 9 4 3 ..F - A
16
L o h lg li N a v 4% s ’1 4 .Q -J
12%
l i l t s 4 s g ........ 1 9 1 4 .y - F
G en M 4% s g . l 9 2 4 . G - F
L oll V C 1 s t 6 s g ’3 3 . . J-J
16
L eh V e x t 4 s 1 s t 1 9 4 8 . J -I)
67
2d 7 s 1 9 1 0 ................... M -S
02
C o n so l 6 s 1 9 2 3 .........J -D
A n n u it y Os................. J -D
108
G e n c o n s 4 s 2 0 0 3 . M -N
L eh V T r a u c o n 4 s ’35 J -D
111%
N e w C on G a s 6 s 1 9 4 8 J -D
N ew a rk P a ss con o s 1930
110
N Y P li A N o l s t 4 s '3 9 J-J
44
I n c o m e 4 s 1 9 3 9 . ..M -N
N o O h lo T r a c c ouO s’lO .J-J
88
P e n n g e n Os 1 9 1 0 . . . V ur
0%
C o n so l 6 s 1 9 1 9 ........ V a i
P e n n A M d s t e e l c o n Os.
P a A N Y C an 5 s '3 9 . A-O
C o n 4 s 1 9 3 9 .............. A-O
07t
P e n n s t e e l 1s t 5 s ’17 M -N
P e o p le ’s T r tr c e r t s 4 s ’43
25"6"
t Co 1st A c o l tr 6 s ’4 9 M -S
.> » * * & c o l tr 6 s 1 9 5 1 M -N
"10%
1 ill E le c g o ld t r u s t c t f s .
l r u s t c e r t if s 4 s ............
"U8 "
p * E KCh At 6 g ’2 0 . A-O
G en At 4 s g 1 9 2 0 . .A A O
I fE x -r ig h ts .
sa n g e to r JTrevious
T ea r (iy (J 8 )
1
H ig h est
B a lt im o r e
Con. G a s EL L. A l ’o w . 100 3 0
D o p r e f ....................... 1 0 0 7 6
9 9 6 N o r th e r n C e n t r a l ........... 6 0 100
1 6 o S e a b o a r d ( n e w ) ................. 1 0 0 11%
D o 2d p r e f ................100 22%
l,2 1 fc U n ite d R y A E l e c t r i c . . 0 0
9%
Lowest
M ar
42% M ay P.
M a r ld 8 0 M a y ! 8
Jan
111 J a n lt>
F e b 26 21*4 j ’n e U
F e b 24 4 1 M a jl7
F e b 3 14% A n g le
20
05
80
4
10
10
H ig h est
Jan 30
M ar 81%
J a n 102
F e b 15
F eb 2 6
Jan
12
D eo
D ec
D eo
D eo
D eo
N ov
4
B id
A sk
Bonds
40%
B a n g e S in ce
Jan
ly u y
S a les
A C T IV E S T O C K S
the
Week ( t o r B o n d s a n d In a c tiv e
S to c ks see below J
Shares
01
1’ h i ln i l e l p l il a
2 2 0 A m e r ic a n C e m e n t .......... 5 0 3 7 7 , A p r 13 43 J a n 2
♦40% 40%
4 0 A m e r ic a n R a ilw a y s ___ 60 44% J ’l y 8 46% b e u 18 82% M ai 43 D e o
*40% 40*9
42% A lai 4 0 % N o v
40*9 47*9 5 3 ,4 3 9 C a m b ria S t e e l ................... 5 0 32% F e b 23 49 S e p 21
*12% 12%
30 E l e c t n o Co o f A m e r ic a 1 0 j:10 7, J a n 2o 12% J ’ly 14 20% F e b 4 0 *s D e o
8 *9 J an
11 % D e c
60% 60%
7 9 2 E le c S t o r a g e B a t t e r y .. 1 0 0 4 3 J a n 30 03*9 J ’ly 30
24% F eb 4 7 % D ec
23
23
3 2 0 G e n A s p h a lt tr c t f s ___ 1 0 0
16 %J a n 5 25% F e b
3*9 J a n
19% D eo
‘ 69
69%
171
D o p r e f t r c t f s ___ 1 0 0 6 3 Ja n 6 71 A u g ib 19 78 J a n
69*9 D eo
*12*9 13
2 6 0 K e y s t o n e T e l e p h o n e ... 6 0
9 *9 J a n 21 15 A p r 19
4*9 J a n
9 M ay
26
26*9 3 ,5 9 3 B a k e S u p e r io r C o r p ___ l o o
14% J a n 6 33% M ay b
3% F e b 17 D e o
1 1 8 1 1 8 s 2 ,8 5 9 L e n ig li O A N a v tr c tf s . 50 9 6 J a n 6 1 2 1 % A u g l 1
78% J a n 97% D e o
0 7 100% 251,053 liC h lg h V a l l e y ................... 5 0 6 7
F « b 2 3 113 S e p 21
73% 73% 7,40u P e n n s y lv a n ia H R ........... 6 0 03% F e b 2 4 73% S e p 22 62% F e b 70% D e o
n
48
48%
357 P lu la d e lp ’aC o ( P i t t a b ) . 6 0 40*9 F e b 24 49% A u g lO 54u!8 J aai 68*14 D e o
44% DeO
12*9 12*9 2 ,5 2 0 P h ila d e lp h ia E le o t r ic f . 26 11% F o b 23 12% S e p 3 3 4 *2 M
6*9 Feb
2 7 7g 2 8
9 ,3 3 8 P h lla R a p id T r a n s i t . . . 6 0 24% J a n o 3 0 *9 A p r 2b <112 %J ’n t 12% N o v
25*9 D e o
8 2 7 , 83% 3 4 ,3 3 5 R e a d i n g ............................... 5 0
69% F e b 23 80% S e p 21 48% 8 F e b 71**14 D e o
8 % 07,. 1 ,3 3 0 T o n o p a h M in in g ........... 1
6% J a n 10
MarJO,
37, Jan
9% A p r
63% 53*9 3 ,3 9 0 Un io n AUtUllUU............... 5 0 6 0 78 J a n 6 7*314 M ay
u n io T r a c t io n ...............
68%
*44*9 J ’ne 6 6 % A p r
90
90% 7 .6 3 u |U n it e d G a s I m p t ............. 5 0 84% d a y l 3
04*9 H'eb 6 73*4 J a n 94% D eo
B rices are a l l “ a n d
in te re st.”
‘ B id a n d a s k e d , n o s a le s o n t h is d a y .
1 0 7 ‘9 1 0 8
• 1 8 ____
.......... 3 9
14
14%
T hu rsd a y
S e p t 23
101%
'i)7%
118%
113
105% i ’ ’j
o
i'0 6 %
108
98
86%
64
80
60
102
102%
109 *
,
107
160
97% 97%
08
09
100%
A sk
P H IL A D E L P H IA
P h A R e a d 2 d 6 s ’3 3 . A-O
C on M 7 s 1 9 1 1 .........J -D
E x I m p M 4 s g ’4 7 . A-O
T e r m in a t 6 s g 1 9 4 1 . 0 - F
P W A B c o l tr 4 s ’2 1 . J-J
P o r tla n d R y 1 s t 5 s 1 9 3 0
H ooh l t y A L e o n 6 s ’64 J-J
S p a n is h . A m I r Os ’2 7 J-J
U T r a o i n d g e n 6 s ’1 9 . j - j
U n R y s T r c t f s 4 s ’4 9 J A J
U n it e d R y s I n v 1 s t c o il tr
s f o s 1 9 2 0 ................... M -N
U T r a o P i t g e n 6 s ’97 J-J
W e ls b a o li s f 6 s 1 9 3 0 .J -D
W lk s-B G A E c o n 5 s ’5 5 J -J
BALTLUOHE
I n a c tiv e S to c k s
A la C o n s C o a lA i r o n .1 0 0
P r o f ..................................1 0 0
A t la n ta A C h a r lo t te ..1 0 0
A t la u C o a st L (C oun)lO O
C a n to n C o ....................... 1 0 0
C o n s C ot D u c k C o rp . . . 50
P r e f e r r e d ....................... 60
G e o r g ia s o u A F l a . . .1 0 0
1 s t p r e l ......................... 1 0 0
2 d p r o f........................... 1 0 0
Q -B -S B r e w i n g .............1 0 0
Bonds
102
120
99%
99% 100
102%
96
79%
86
102
90
6
20%
30
96
72
2
86%
‘8 6 %
316
05
7
21
OS*
78
S
B rices are a ll " a n d
in te re st.”
A n a c o s t ia A P o t 6 s ............
A tl A C h e x t 4 %s ’1 0 . J-J
io i’ %
A t la u C D R R 4 s l9 5 2 M - S
A t l C o a st D (C t)O tfs 6 s J -D
C tts o f in d e b t 4 s . . . . J - J
5-2 0 y r 4 s 1 9 2 5 .......... J-J
B a lt C P a s s 1 s t 5 s ’l l M -N
B a lt F u m lg 6 8 .1 9 1 0 M -N
07E x c h a n g e 3%3 1 9 3 0 J-J
B a lt A P 1 s t Os m i ’l l A-O
98%
B S P A C I s t 4 %s '5 3 F -A
101
106
B a lt T r a o 1 s t 5 s . . ’2 9 M -N
70
70%
N o B a lt D iv 5 s 1 9 4 2 J -I)
109
C o n t’l R y c o n 5 s l 9 3 2 M -N
E x t A Im p 5 8 .1 9 3 2 Al-S
|| if 7 .5 0 p aid . f |l 2 % p a i , L * * 1 3 % p aid . M f3 5 paid.'
103
100
95
105
87
93
lo l
105
98%
102%
103%
109
114
109
110
111
115
110
111%
95%
107
80
101 %
107
00
03
BALTLUOHE
B id
C h a s C ity R y 1 s t 6 s ’2 3 J -J
C h as R y G A E l 6 s ’0 9 M -S
C h a ri 0 A A 2d 7 s ’1 0 A-O
C ity A S u b 1 s t 6 s . . ’2 2 J -D
C ity A S u b ( W a s) 1 s t 6 s ’48
C o a lA I K y 1 s t 6 s ’2 0 F .A
Col A G r n v I s t 6 s . l 9 1 0 J-J
C o n so l G a s 6 s . . .1 9 1 0 J -D
6 s ...........................1 9 3 9 J - D
G a A A la 1 s t c o n 6 s ’4 5 J -J
G a C ar A N 1 s t 6 s g ’2 9 J -J
G e o r g ia P 1 s t 6 s . . . ’2 2 J -J
G a S o A F la 1 s t 6 s 1 9 4 5 J -J
G -B -S B r e w 3 -4 s 1 9 5 1 M -S
2d in c o m e 6 s 1 9 6 1 M -N
K n o x v T r a o 1 s t 6 s ’2 8 A - 0
L a k e R E l 1 s t g u 6 s ’4 2 M -S
M acon R y A L t l s t 5 s ’6 3 J -J
M e m p h is S t 1 s t 5 s ’45 J-J
M e t S t ( W a s h ) l s t 6 s ’2 5 F A
M t V er C ot D u ck 1 st o s.
N p t N A G P 1 s t Os’3 8 M -N
N o r fo lk S t 1 s t 6 s ’4 4 . . J J
N o r th C e n t4 % s 1 9 2 5 A-O
S e r ie s A 5 s 1 9 2 0
JJ
_
S e r ie s B 6 s 1 9 2 0 _ J J
P itt U u T r u e 6 s 1 9 9 7 .J J
P o to V a l 1 s t 6 s 1 9 4 1 . . J J
S a v F la A W e s t 5 s '3 4 A-O
S e a b o a r d A D 4 s 1 9 5 0 A-O
S c a b A R o a n 6 s 1 9 2 0 .J J
-South B o u n d 1 s t 6 s ..A - O
U E l L A P l8 t4 % 8 ’2 9 M -N
U n R y A K l l s t 4 s ’4 9 M -s
I n c o m e 4 s 1 9 4 9 .........J -D
F u n d in g 6 s 1 9 3 0 . . .J -D
V a M id 2 d s e r Os ’l l . M - s
3 d s e r i e s Os 1 9 1 0 . . M -S
4 U i s e r 3 -4 -5 s 1 9 2 1 . M -S
6 t h s e r ie s 6 s 1 9 2 0 .Al-S
V a (S ta t e ) 3 s n e w ' 3 2 .J J
F u n d d e b t 2 -3 s 1 9 9 1 . J -J
W e s t N C co n Os 1 9 1 4 J J
W e s V a C A P I s tO g ’l l J J
WU A W e ld 6 s . . 1 9 3 5 .J J
100
A sk
90% 91%
109
108 io i* *
103 108*1
102
102%
111
100% 1 0 1 ,
111%
109
105 U S
106% 106
110
117
108% 109%
46
46
18%
1057,
98% #
95
06
99
99%
108
81
80%
96
105
106
ioT*
112
112
105
103
111
o9%
107
106
93%
90%
109
107
94
87% 877*
69
69%
85% 85%
103
105
105
108
90
90
lu 7
102
112
1 03
102%
114
a R e c e ip ts , b 5 2 5 p aid. c $ 3 0 p a id , cl$ 1 2 % p a id .
Smicstmewi and Uailtoad intclltacuce.
RAILROAD
GROSS
EARNINGS.
T h e fo llo w in g ta b le sh o w s th e g ro ss e a rn in g s of e v e r y S T E A M railroad from w h ich regu lar w e e k ly or m o n th ly r e tu r n s
£an b e o b ta in e d . T h e first tw o c o lu m n s of figures g iv e th e g ross e a rn in g s for th e la te s t w e ek or m o n th , a n d th e la st tw o
c o lu m n s th e e a rn in g s for th e p eriod from July 1 to a n d in c lu d in g su ch la te s t w eek or m o n th .
W e a d d a s u p p le m e n ta r y
s ta te m e n t to sh o w th e fiscal y e a r to ta ls of th o s e r o a d s w h o se fiscal y e a r d o e s n o t b egin w ith J u ly , b u t co v er s so m e o th er
p eriod
The returns of the street railways are brouqht toyether separately on a subsequent paqe.
____________________
Latest Cross E a r n in g s .
Week, or
M o n th .
C urrent
Y ea r.
C urrent
Y ea r.
W eek or
M orttii.
P revious
Y ear.
2d
3d
4 th
1st
2d
3d
3d
4 th
1 st
2d
w e e k J u ly (44 r o a d s ) ------w e e k J u ly (44 r o a d s ) ------w e e k J u ly (49 r o a d 3 )____
w e e k A u g (44 r o a d s ) ------w e e k A u g OG r o a d s ) ____
w e e k A u g (33 r o a d s ) ____
w e e k A u g (47 r o a d s ) ____
w e e k A u g (4 4 r o a d s ) ____
.w e e k S e p
(42 r o a d s )------w eek Sep
(4 5 r o a d s ) ____
s
1 0 ,0 3 2 ,8 1 8
1 0 ,2 2 8 ,1 8 7
1 5 ,0 7 5 ,8 3 4
1 0 .2 3 5 ,3 6 1
1 0 ,0 0 0 ,7 7 4
9 ,9 3 1 ,2 0 9
1 0 ,7 4 5 ,5 9 2
1 5 ,1 0 7 ,5 2 7
1 0 ,4 3 4 ,3 8 1
1 1 ,2 2 9 .0 0 9
3 ,0 9 2 ,3 9 9
1 ,5 9 7 ,0 9 5
4 ,6 8 9 ,4 9 4
1 8 4 ,7 2 7
8 4 ,0 4 9
3 ,7 0 0
5 ,4 1 6 ,6 0 1
3 ,3 0 5 ,3 6 9
8 5 3 ,1 2 9
1 9 1 ,2 5 3
9 ,7 6 6 ,3 5 4
1 4 2 ,0 8 8
2 3 2 ,5 7 9
7 4 9 ,0 8 3
1 ,2 6 9 ,9 6 5
7 7 ,8 1 2
6 ,4 6 0
1 0 4 ,3 2 7
10814569
1 ,0 8 6 ,0 4 1
1 9 0 ,4 2 8
1 6 4 ,3 3 7
7 1 ,0 2 9
4 1 ,1 9 4
1 6 ,8 4 7
2 7 7 ,4 5 0
6 ,5 1 7
328373
2 2 ,0 7 6
7 5 ,6 3 3
0 ,4 0 1
7 ,5 3 4 .8 5 4
7 2 1 .9 1 6
1 0 0 ,5 1 8
6 0 4 ,1 3 1
5 4 5 ,0 5 7
7 6 2 ,5 8 1
5 9 0 ,5 6 5
1 ,4 0 8
1 9 ,5 7 3
7 1 5 ,7 2 5
2 ,9 1 7 , 471
1 ,9 5 4 7 0 3
1 ,8 7 2 . ‘ 3
174 0 2 8
62 ,1 3 7
.861
l.o l o ,101
2 ,8 5 0 .6 5 3
774 ,7 6 1
185 .7 0 9
8 ,4 9 0 ,2 3 5
124 ,8 1 6
2 1 7 ,0 0 7
523 ,2 5 2
1 ,1 8 6 ,3 5 3
7 0 ,2 3 7
6 ,0 9 8
102 ,4 3 3
9 ,7 2 0 .4 0 5
9 8 8 ,7 4 5
178 ,0 6 9
152 .8 4 8
59 ,1 0 8
3 7 ,5 9 0
17 ,6 3 8
244 ,5.35
5 .9 5 0
4 3 8 ,5 5 3
72 ,0 7 3
81 ,0 8 3
4 ,591
0 ,7 4 9 ,0 8 4
7 0 4 ,9 2 6
100 ,7 8 5
540 ,0 7 5
4 7 0 ,7 5 0
0 9 0 .181
5 2 7 ,2 1 2
878
16 ,9 5 7
6 3 7 ,0 4 8
3 ,0 9 2 ,3 9 9
1 ,5 9 7 ,0 9 5
4 ,6 8 9 ,4 9 4
1 8 4 ,7 2 7
8 8 1 ,4 8 9
1 0 9 ,7 3 2
5 ,4 1 0 ,6 0 1
3 ,3 0 5 ,3 0 9
8 5 3 ,1 2 9
1 9 1 ,2 5 3
9 ,7 6 0 ,3 5 4
1 4 2 ,0 8 8
2 ,3 0 2 ,0 2 2
7 4 9 ,0 8 3
1 ,2 6 9 ,9 0 5
7 7 ,8 1 2
6 ,4 6 0
1 0 4 ,3 2 7
0 ,8 1 4 ,5 6 9
1 ,0 0 3 ,5 8 5
2 ,0 0 1 ,0 4 0
1 ,6 4 4 ,1 7 5
7 2 1 ,3 8 3
4 1 2 ,3 3 0
1 7 2 ,5 1 9
2 ,0 8 9 ,4 3 4
0 ,5 1 7
3 2 8 ,3 7 3
2 3 1 ,4 0 2
7 7 7 ,7 1 3
0 ,4 0 4
7 ,5 3 4 ,8 5 4
7 2 1 ,0 1 6
2 0 2 ,0 3 3
6 ,6 2 5 ,2 7 1
5 4 5 ,0 5 7
7 6 2 ,5 8 1
5 0 0 ,5 6 5
3 5 ,4 3 7
1 ,3 7 1 ,5 4 0
C urrent
Y ea r.
B e lle f o n t e C e n tr a l___
l D e la w a r e & H u d s o n
M a n l s t l q u c __________________ _ —
a M e x ic a n R a i l w a y -----------------a M e x ic a n S o u t h e r n ---------- -—
e N Y C en tra l ft H u d s o n R i v e r .
L a k e S h o r e ft M ic h ig a n S o u th
n L a k e E rie ft W e s t e r n ----------C h ic a g o I n d ia n a ft S o u t h e r n .
M tc h ig a n C e n tr a l_____________
C lc v c CIn C h ic a g o ft S t L o u is
P e o r ia & E a s t e r n _____________
C in c in n a ti N o r t h e r n _________
P it t s b u r g h ft L a k e E r ie _____
R u t l a n d ______________________
N e w Y o r k C h ic a g o ft S t L o u is
T o t a l a ll l ln c s .
N o r tlie r n C en tra l
(I P e n n — E a s t o f P I tts b ft E r i c ..
d W e s t o f P itt s b u r g h ft E r lo .
P lilla B a ltim o r e ft W a s h in g to n
P i t t s CIn C h ic a g o ft S t L o u is . R io G ra n d e J u n c t io n ____________
T e x a s ft P a c i f i c _________________
W e s t J e r s e y ft S e a s h o r e ________
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
fa n
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
D ec
Jan
M an
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to A u g
to J u ly
to A u g
to S e p
to S e p
t o J u ly
t o J u ly
t o J u ly
t o J u ly
to J u ly
t o J u ly
to J u ly
to J u ly
to J u ly
to J u ly
to J u ly
t o J u ly
to J u ly
to J u ly
t o J u ly
to J u ly
to A u g
to J u n e
to S e p
to J u ly
31
31
31
7
U
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
U
31
OF GROSS E A R N I N G S — Weekly and Monthly.
O u fn l Y ear P rev's Y ear In c . or Dec.
S
1 0 ,4 4 7 ,1 4 6
1 0 ,7 9 5 ,9 8 0
1 0 ,5 8 0 ,1 7 3
1 1 ,3 1 1 ,2 9 0
1 1 ,5 6 5 ,7 0 4
1 0 ,9 2 0 ,0 3 6
1 1 ,7 8 0 ,9 9 0
1 6 ,7 4 0 ,1 4 5
1 1 ,5 2 1 ,2 6 5
1 2 ,3 1 7 ,2 1 9
P revious
Y ea r.
7 ,9 5 5 ,1 9 5
3 ,9 3 8 ,3 4 9
3 9 0 ,6 7 0
2 0 8 .2 2 9
2 ,2 0 0 ,6 6 2
" , 2 9 7 ,7 0 4
2 2 9 ,7 9 4
8 8 .3 3 1
1 ,4 4 9 ,4 7 !)
2 8 0 ,5 0 7
8 3 3 ,8 0 7
1 0 ,0 0 8 ,7 3 3
8 0 1 ,0 8 6
5 ,0 7 0 ,1 5 4
3 ,0 2 6 ,0 8 0
2 1 6 ,4 6 3
2 ,5 8 1 ,3 0 0
9 7 5 ,5 1 5
6 ,6 9 7 ,9 7 9
7 3 4 ,5 8 2
4 ,4 0 0 ,4 1 7
1 2 .9 1 5 ,7 0 5
/ n c . 1 ,0 5
1 ,2 1 5 ,3 9 0
1 .5 1 7 ,8 7 8
5 ,2 1 1 ,9 8 6
2 3 ,4 0 3
V a rio u s F isca l Y ears.
100.001
W eekly S u m m a r ie s.
C urrent
Y ea r.
C urrent
Y ea r.
e N Y C & H u d R lv .
L ak e Shore & M S
n L a k e E r le & W e s t
C h ic l n d ft S o u th
M ic h ig a n C e n tr a l.
C lo v e C C ft S t L .
P e o r ia & E a s te r n
C in c in n a ti N o r t h .
P i t t s ft L a k e E rie
R u t l a n d _________
N Y C h ic ft S t L .
T o t a l a ll l in e s ___
N Y O n t ft W e s te r n
N Y N H ft H a r t - .r
N Y S u s q ft W e s t . .
N o r fo lk ft S o u t h . . r
N o r fo lk & W e s t e r n .
N o r th e r n C e n tr a l . .
N o r th e r n P a c i f i c . . r
P a c ific C o a s t C o ___
P e n n s y lv a n ia C o ._ i
a P en n — E of P & E
d W e s t o f P ft E .
P c r e M a r q u e tt e ___ r
P h lla B a it & W a s h .
P i t t s CIn C ld c ft S t L
R a le ig h ft S o u t h p ’rt
R e a d in g C o m p a n y .
P h lla & R e a d i n g .
C o a l & Ir o n C o . .
T o t a l b o t h c o s ___
R ic h F r c d e r ft P o t .
R io G ra n d e J u n e ___
R io G ra n d e S o u t h . .
R o c k I s la n d S y s t e m
S t L ft S a n F r a n .
C h le ft E a s t 1 1 1 ..
f E v a n s v & T e r II
T o ta l o f a ll l in e s .
S t . J o s & G ra n d I s l .
S t L o u is S o u t h w e s t .
S a n P c d L A ft S L .r
S e a b o a r d A ir L i n e .r
A t la n t a ft B I r m .r
F lo r id a W e s t S h . r
S o u th e r n I n d i a n a .r
c S o u th e r n P a c C o .
S o u th ern R a ilw a y ..
M o b ile & O h io ___
CIn N O ft T e x P .
A la G r e a t S o u t h .
G e o r g ia S o ft F la
T e x a s C e n tr a l,,____
T e x a s ft P a c if ic ____
T id e w a t e r ft W e s t .r
T o le d o & O h io C en t
T o le d o P e o r & W e s t
T o le d o S t L ft W e s t
T o m b ig b e e V a l l e y . .
U n io n P a c ific S y s t .
V a n d a lla ___________r
V ir g in ia ft S o u W e s t
W a b a s h ____________
W e s te r n M a r y la n d .?
W e s t Jer3 ft S e a s h .
W h e e lin g ft L E . _ r
W h ite R i v ( V t ) 2 w k s
W r lg h ts v llle ft T e n n
Y a z o o ft M iss V a i l .
A la N O ft T e x P a
4 2 4 ,1 5 0
2 1 2 ,0 4 4
5 0 3 ,8 5 6
2 6 3 .0 4 1
N O ft N E a s t , - r A u g u s t ___
2 5 2 .2 7 6
2 3 0 ,9 9 1
1 1 3 ,3 8 0
1 3 0 ,9 4 4
A la ft V ick s!)
A u g u s t ___
2 1 4 ,5 6 8
1 0 6 ,2 6 8
2 1 6 ,6 4 8
1 1 0 ,3 5 0
V ic k s S lir & P a c r A u g u s t ___
4 ,1 3 0
4 ,7 9 5
4 ,1 3 0
4 ,7 9 5
A la a 'en n ft N o r t h , f u l y ______
fc A tc h T o p & S I 'c - d u l y ______ 7 ,7 3 0 ,5 9 6 6 ,9 8 5 ,4 0 1 7 ,7 3 0 ,5 9 6 6 ,0 8 5 ,4 0 1
3 0 ,0 1 7
4 6 9 .2 3 4
3 5 2 ,9 2 3
4 9 ,1 9 3
A t la n t a B lr m ft At> 2d v /k S e p
A t la n tic C o a st I.ln e July ______ 1 ,8 6 3 ,0 4 0 1 ,7 4 2 .3 3 8 1 ,8 6 3 ,0 4 0 1 .7 4 2 ,3 3 8
B a lt im o r e ft O h i o . . A u g u s t ___ 7 ,5 0 2 ,6 2 9 6 ,8 2 5 ,1 2 4 1 4 ,4 5 3 ,5 0 1 1 2 ,9 7 4 ,6 8 1
1 8 1 ,3 3 5
2 1 9 ,0 4 3
1 8 1 ,3 3 5
2 1 9 ,0 1 3
B a n g o r & A r o o s to o k J u ly —
1 0 ,8 8 6
5 ,9 3 3
8 ,5 7 4
4 ,3 8 5
B c lle f o n t c C e n t r a l.. A u g u s t
3 ,7 2 2 ,3 6 6 3 ,2 7 5 ,1 2 2 3 ,7 2 2 ,3 6 0 3 ,2 7 5 ,1 2 2
B o s t o n ft M a in e ___ r Ju ly
5 ,3 6 9
5 ,8 9 5
5 ,3 6 9
5 ,8 9 5
B r id g e to n ft S a c o R J u ly
1 5 2 ,7 1 2 2 ,0 0 9 ,7 7 0 1 ,5 9 6 ,9 4 5
1 9 4 ,9 4 7
B u ir K o c h ft P i t t s . . 2d \vk S e n
2 0 2 .0 0 6
1 7 0 ,1 3 3
2 0 2 ,0 0 6
1 7 0 ,1 3 3
B ’ lTalo ft S u s q -----1 J u l y ____ J
;
2 0 2 ,8 0 0 2 ,0 8 0 ,7 0 0 1 ,8 5 4 ,0 0 0
2 3 9 ,7 0 0
C a n a d ia n Northern". 2d w lc Sefi
4 3 1 ,0 0 0 1 7 ,7 9 2 ,0 3 0 1 5 ,2 7 8 ,8 8 1
C a n a d ia n P a c i f i c — 2d w k S e p 1 ,8 3 6 ,0 0 0
2 2 3 ,5 0 0 2 ,1 9 0 ,5 3 8 2 .1 7 9 .1 6 2
2 3 4 ,0 0 0
C e n tr a l o f G eo r g ia 2 d w k S e p
2 ,1 9 6 ,0 1 0 2 ,1 5 6 ,7 2 4 2 ,1 9 6 ,0 1 0 2 ,1 5 6 ,7 2 4
C e n tr a l o f N e w JerK J u ly 2 8 8 491
3 2 6 ,9 8 4
2 8 8 ,4 0 1
3 2 6 ,0 8 4
C e n tr a l V e r m o n t - .i A n y ______
1 ,0 1 2
1 4 ,5 8 6
0 ,5 0 4
1 ,6 4 0
C h a tt a n o o g a S o u th 2d w k A u g
5 3 3 ,0 9 2 0 ,2 1 4 ,4 9 5 5 ,4 0 5 ,4 2 0
6 1 1 .7 1 3
C h e s a p e a k e ft O h io . 2d w k Sep
5 4 ,2 4 6
3 ,3 9 2
6 2 ,5 5 2
3 .0 8 3
C h e ste r fie ld ft L a n e J u n e _____ _
3 2 9 ,4 7 5 2 .8 7 9 .4 5 7 2 ,7 8 1 ,0 9 3
3 0 3 ,8 6 9
C h ic a g o & A lt o n R 2d w k S e p
6 ,8 2 5 .8 0 8 6 ,2 7 1 ,1 6 3 6 ,8 2 5 ,8 0 8 6 .2 7 1 .1 6 3
C hip B u rl & Q ulncyH J u ly .
2 7 3 ,4 2 2 1 ,3 7 0 ,8 8 8 1 ,3 9 3 ,2 7 7
2 6 2 ,4 1 5
Cfile.uro G r e a t W est* 1th w k A u g
1 2 2 ,8 8 0
1 1 9 ,1 9 8 1 ,2 5 7 ,7 7 4 1 ,1 5 2 ,4 8 1
________________ u _
_
C h ic l n d ft L o_ is v 2d w k S e p
C ldc ln d ft S o u t h e r n — S e e N e w V ork Cen tra l.
5 ,2 1 0 ,4 5 7 4 ,6 5 2 ,4 0 9 5 .2 1 0 .4 5 7 4 ,6 5 2 ,4 0 0
C ld c M ilw ft S t P au l Ju ly
C ld c & N o r W e s t - . r J u l y --------- 5 ,8 9 6 ,2 7 0 5 ,2 1 5 ,1 8 5 5 ,8 9 6 ,2 7 0 5 ,2 1 5 ,1 8 5
0 9 8 ,4 8 7
9 9 8 ,4 8 7 1 ,1 2 3 ,9 7 5
C h ic S t P M & O . - r J u l y ______ 1 ,1 2 3 ,9 7 5
7 7 ,5 2 3 1 ,0 0 0 ,1 3 3 1 ,0 0 0 ,4 3 6
9 7 ,1 8 6
C h ic T e r m T r a n s It R v ia y _____
6 6 4 ,8 2 3
6 6 4 ,8 2 3
7 5 5 ,0 5 0
7 5 5 ,0 5 0
CIn H a m ft D a y . r J u l y -------S e e N e w Y ork Cen tra l.
C lev CIn C h ic & S t L,
1 9 3 ,3 4 8
2 0 0 ,0 7 1
1 9 3 ,3 4 8
2 0 0 ,0 7 1
C o lo r a d o M id la n d . r J u l y ------3 1 3 ,9 6 9 3 , ISO ,3 9 5 3 ,0 0 1 ,2 9 6
3 1 0 ,7 9 6
A C o lo r a d o & S o u t h , 2d w k S e p
1 7 ,2 4 4
1 9 ,7 2 3
1 7 ,2 4 4
1 9 ,7 2 3
C o lu m N e w b ft L a u J u l y --------7 5 ,8 0 0
7 7 ,9 2 1
7 5 ,8 0 0
7 7 .9 2 1
J u l y ____
C opper R a n g e
1 2 ,8 7 3
4 ,8 2 0
4 ,8 2 0
1 2 ,8 7 3
J u ly
C o r n w a l l -------------2 2 ,0 9 9
3 9 ,1 1 1
2 2 ,9 9 9
3 9 ,1 1 1
C o r n w a ll ft L e b a n . J u l y ______
1 5 3 ,7 8 6
1 6 2 ,4 2 9
1 5 3 ,7 8 6
1 6 2 ,4 2 9
C u b a R a ilr o a d ______ J u l y ____
I D e la w a r e ft H u d . J u ly _____ 1 ,5 8 6 ,1 3 8 1 ,4 8 6 ,0 2 8 1 ,5 8 0 ,1 3 8 1 ,4 8 6 ,0 2 8
D e l L a c k ft W e s t - - r J u l y ____ 3 ,1 6 8 ,2 2 6 2 ,8 5 9 ,2 4 0 3 ,1 6 8 ,2 2 6 2 ,8 5 9 ,2 4 0
4 6 7 ,1 0 0 4 ,9 5 3 ,0 1 6 4 ,3 1 6 ,5 2 4
4 7 3 ,3 0 0
D e n y ft R io G ra n d e 2d w k Se;
2 0 9 ,7 6 3
2 7 1 ,2 2 7
1 5 ,3 6 7
2 1 ,1 7 1
D e n v e r N W ft P a c , 2d w k S e
3 4 2 ,2 1 9
3 2 1 ,2 1 5
3 8 ,5 4 2
3 6 ,3 8 4
D c t ToJ ft I r o n t S y s 2d w k S e p
3 9 7 ,0 9 9
3 9 6 .2 7 6
3 9 ,0 1 2
3 4 .9 2 2
A n n A r b o r ________ 2d w k S ep
2 4 7 ,1 1 8
2 5 5 ,0 3 0
2 2 ,0 0 4
2 4 ,0 3 4
D e t r o it & M a c k in a c 2d w k S e p
9 8 1 ,9 8 9
9 8 1 ,9 8 9 1 ,3 5 4 ,3 0 6
D u l ft I r o n R a n g e . i J u ly _____ 1 ,3 5 4 ,3 0 6
5 7 3 ,4 1 7
7 3 7 ,1 3 5 '
5 7 ,1 9 3
7 2 ,5 0 5
D u l S o u S h ft A tla n 2d w k S ep ,
5 5 0 ,2 7 7
5 5 0 ,2 7 7
6 0 6 .2 3 4
J u l y ---------. 6 0 6 ,2 3 4
E l P a s o ft S W - .
3 ,9 9 1 ,8 4 9 3 ,8 7 1 ,5 5 3 3 ,9 9 1 ,8 4 9 3 ,8 7 1 ,5 5 3
E r l e ________________ i J u ly
E v a n s v ille & T e r r e H a u te — See R o c k I s la n d S y s t c m .
1 ,5 6 4
1 ,7 8 4
1 .5 6 4
1 ,7 8 4
F a ir c h ild ft N o r E . J u ly
7 8 ,2 5 0
8 5 ,2 0 7
7 8 .2 5 0
8 5 ,2 0 7
F o n d a J o h n s & G lov J u ly , ------2 1 8 ,0 7 4
2 0 1 ,0 0 3
2 1 8 ,0 7 4
J u l y ______I 2 0 1 ,6 9 3
G eo r g ia R a ilr o a d
S e c S o u t hern R al w a y .
G eo r g ia S o u t h & Fla
8 0 6 ,6 9 6 9 ,2 0 7 ,2 3 4 8 ,4 3 2 ,5 5 0
8 9 7 ,4 9 8
G ra n d T r u n k S y s t . 2d w k S e p
1 1 1 ,8 5 2 1 ,2 9 8 ,8 3 4 1 ,2 1 8 ,9 1 6
1 2 2 ,5 9 2
G r T r u n k W e s t . . 2d w k S e
3 7 3 ,3 9 3
4 0 8 ,8 0 6
3 7 ,0 2 9
4 2 .9 2 7
2d w k S e_
D c t G r H a v & Mil
4 4 0 ,9 2 9
4 2 0 ,4 2 1
3 2 ,2 1 2
4 1 ,9 6 9
C a n a d a A t l a n t i c . 2d w k S e p
G r e a t N o r th e r n S y s t A u g u s t — - 5 ,4 1 9 ,3 0 2 4 ,4 6 0 ,4 7 2 1 0 ,7 3 4 ,2 4 0 8 ,9 1 0 ,0 6 5
1 3 1 ,1 1 3
1 5 5 ,9 3 0
1 3 1 ,1 1 3
1 5 5 ,9 3 0
G u lf ft S h ip I s la n d J u l y --------5 3 1 ,2 6 6
5 3 0 ,5 2 1
5 3 0 ,5 2 1
5 3 1 ,2 6 6
H o c k in g V a lle y ____ J u ly --------I llin o is C e n tr a l____ A u g u s t ___ 5 ,0 5 8 ,5 7 1 4 ,6 6 2 ,6 1 9 9 ,6 2 7 ,9 1 5 8 ,0 1 5 ,8 7 6
1 6 5 .0 0 0 1 ,5 0 3 ,0 3 0 1 ,3 8 4 ,5 1 1
1 8 9 .0 0 0
2d w k S ep
I n t c r n a t ft G t N o r
1 3 1 ,8 9 1 1 ,3 0 9 ,4 6 0 1 ,3 2 5 ,4 0 3
1 0 7 ,4 2 5
a I n t e r o c e a n lc M e x . 2d w k Sep
6 5 ,7 2 5
6 2 8 ,7 8 1
6 3 3 ,2 8 2
5 8 ,5 7 7
I o w a C e n t r a l--------- 2 d w k Sep
2 1 3 ,0 9 4
2 0 1 ,9 0 7
2 0 1 ,9 0 7
2 1 3 ,9 9 4
J u l y ............
K a n a w h a ft M ic h .
7 4 3 ,9 1 8 1 ,4 2 2 ,6 0 8 1 ,4 8 8 ,2 5 2
K a n s a s C ity S o u th A u g u s t ___i 7 5 6 ,5 8 0
1 7 .8 3 8
2 5 ,1 4 4
K C M ex ft O r ie n t 2d w k Sep
L a k e Erie ft W est'ri — S e e N ew Y ork Cen tra l.
2 ,9 2 6 ,3 7 0 2 ,8 3 3 ,0 3 3 5 ,6 8 0 ,7 6 9 5 ,3 6 0 ,3 8 4
L e h ig h V a l l e y ____ A u g u s t
3 5 ,8 5 2
3 0 ,8 2 2
3 0 ,8 2 2
3 5 ,8 5 2
L e x in g t o n ft E a s t - J u ly _____
J n c .l l 7 ,6 1 7
I n c .11 7 ,6 1 7
L o n g I s la n d _______ J u l y _____
1 0 6 ,0 0 1
0 8 ,3 8 2
0 8 ,3 8 2
L o u is ia n a ft A rlcan J u l y ____
8 3 ,9 0 5
7 7 ,4 4 8
7 7 ,4 4 8
8 3 ,9 0 5
L o u ls v H c n d ft S t I, J u l y --------0 0 3 .0 0 0 9 .7 1 0 .3 0 7 9 ,0 8 3 ,6 7 3
0 7 2 ,6 6 0
L o u is v ille ft N a s h v 2d w k S e p
2 1 ,6 6 7
2 2 ,2 4 2
1 0 ,8 5 5
1 0 ,4 8 3
M a c o n ft IM rm ing’m' A u g u s t ___
7 9 3 ,8 3 5
7 2 2 ,30C
7 2 2 ,3 0 9
7 9 3 ,8 3 5
M a in e C e n t r a l ____ i, J u ly
6 ,7 4 0
1 3 ,7 7 6
5 ,3 6 8
3 ,5 4 7
A u g u s t ___
M a n lstiq u e
3 1 ,6 9 3
2 9 ,5 2 9
2 9 ,5 2 9
3 1 .6 9 3
J u ly ---------j
M a r y la n d ft P e n n
1 3 2 ,0 5 0
1 2 3 ,2 4 8 1 4 ,4 4 ,6 4 3 1 ,4 1 1 ,8 8 8
a M e x ic a n in t c r n a t 2d w k - S e p
1 3 0 .0 0 0 1 ,5 1 3 ,2 0 0 1 ,3 3 2 ,1 0 0
1 6 3 .4 0 0
a M e x ic a n R a ilw a y 1st w k S e p
2 5 6 ,7 0 9
2 5 7 ,1 6 0
2 5 ,0 0 0
2 4 ,0 7 8
a M e x ic a n S o u t h e r n 2d w k S e p
M ic h ig a n C e n tr a '— ~ec N e w V ork C cntr a!.
1 8 2 ,1 7 5
1 7 3 ,4 2 1
15,1
1 6 ,1 2 4
M in er a l R a n g e ______2d w k S e p
8 5 5 ,9 6 4
0 6 2 ,5 2 3
1 0 0 ,7 6 4
1 2 5 ,2 5 4
M in n e a p ft S t T.ou s 2d w k S e p
5 2 8 ,6 2 8 4 .0 1 4 .3 0 7 4 ,2 5 3 ,1 5 1
0 0 0 ,2 0 3
M in n S t P & S S
2d w k Sep
C h ic a g o D iv i s i o n /
M isso u ri K a n ft T e x J u l y --------- 1 ,9 1 3 ,8 6 3 1 ,8 6 8 ,2 6 7 1 ,0 1 3 ,8 6 3 1 ,8 6 8 ,2 6 7
M o P a c ft I r o n M t\
8 9 3 ,0 0 0 1 0 ,5 9 3 ,1 9 9 9 ,2 6 0 ,2 7 4
C e n tr a l B r a n c h . / 2d w k S e p 1 ,0 0 3 ,0 0 0
2 0 0 ,9 4 4
2 8 8 ,5 7 2
2 3 ,3 5 7
2 8 ,0 5 0
t> M o b ile J a c k & K C W k S e p I I
8 8 0 ,2 9 9
8 8 0 .2 9 9
0 1 0 ,9 8 4
9 1 0 ,0 8 4
N a s h v C h a t ft S t L . J u l y --------9 3 3 ,9 9 8 9 ,3 2 0 ,8 5 2 9 ,1 8 1 ,9 0 5
8 2 3 ,0 2 7
a N a t R y s o f M e x ic o 2 d w k S e p
7 ,5 0 2
8 5 ,5 6 1
1 1 ,5 3 4
1 2 0 ,7 1 0
N e v a d a -O a l-O r e g o n 2d w k S e p
5 ,4 8 0
5 ,2 7 5
8 1 ,5 8 2
1 3 ,9 2 3
A u g u s t ___
N e v a d a C e n tr a l—
AGGREGATES
u lv t to Latest Dale
Latest Gross E a rn in g s.
July 1 to L atest D ate.
P rev io u s
Y ear
+
+
+
+
+
+
%
|
M o n th ly S u m m a r ie s.
S
+ 3 9 4 ,3 2 8 3 .9 2 ! M o n th
+ 5 6 7 .7 9 3 5 .5 5 1 M o n th
M o n th
1 ,5 0 4 ,3 3 9 9 .9 8
1 ,0 7 5 ,9 2 9 1 0 .5 1 , M o u th
M o n th
+ 9 6 1,090 0 .1 0
+ 9 3 8 ,8 7 7 9 .9 0 , M o n th
1 ,0 3 5 ,3 9 8 0 .6 3 j M o n th
1 ,6 3 2 ,6 1 8 1 0 .8 4 1 M o n th
1 ,0 8 6 ,8 8 7 1 0 .4 2 j M o n th
1 ,0 8 7 ,6 1 0 9 .6 9 1 M o n th
N ov
D ec
Jan
F eb
M eh
A p r il
M ay
June
J u ly
Aug
1908
1908
19 0 3
1909
1909
1909
1909
1909
1909
1909
(8 0 4
(7 9 8
(8 9 4
(8 0 3
(8 9 0
(8 0 5
(8 0 3
(7 2 9
(6 9 2
( 49
ro a d s).
r o a d s).
r o a d s ).
r o a d s).
ro a d s) .
ro a d s)ro a d s).
r o a d s).
r o a d s).
r o a d s).
C ur’nt Year P rev's Y ear
S
2 1 0 ,0 7 1 ,1 2 3
2 0 5 ,2 1 0 431
1 8 3 ,2 2 3 ,0 1 4
1 7 4 ,1 9 7 ,3 1 9
2 0 5 ,7 0 8 ,8 1 9
1 9 7 ,0 1 1 .5 3 9
2 0 1 ,6 2 5 ,1 2 2
1 8 0 ,5 6 3 ,3 1 8
2 0 8 ,8 7 0 ,4 1 1
5 7 ,9 5 3 ,8 1 1
S
2 1 8 ,9 0 7 ,7 3 1
1 9 3 ,7 9 1 ,6 4 5
1 7 3 ,5 9 0 ,0 0 3
1 0 1 ,0 5 8 ,6 0 7
1 8 3 ,4 5 3 ,9 0 0
1 7 5 ,0 0 2 ,6 4 8
1 7 4 ,4 7 5,411
1 6 4 ,7 9 4 ,7 8 0
1 8 5 ,3 4 0 ,5 6 3
5 1 ,8 5 1 ,2 1 1
In c . or D ec.
%
S
— 7 ,9 9 6 ,6 0 8
+ 1 1 ,4 2 4 ,8 3 6
+ 0 ,6 2 6 ,1 1 1
+ 1 3 ,4 3 8 ,7 1 2
+ 2 2 ,2 5 4 ,4 1 3
+ 2 ,0 0 8 ,8 9 1
+ 2 7 ,1 4 0 ,7 1 1
+ 2 4 ,7 0 8 ,5 3 2
+ 2 3 ,5 2 9 ,8 4 8
+ 0 .1 0 2 ,0 0 0
3 .6 5
5 .0 0
5 .5 4
8 .3 4
1 2 .1 3
1 2 .5 8
1 5 .5 6
1 5 .0 3
1 2 .7 0
1 1 .7 7
a M e x ic a n c u r r e n c y , b I n c lu d e s e a r n in g s o f G u lf ft C h ic a g o D iv is io n , c I n c lu d e s th e H o u s to n ft
^ ^ ,C r i \ lt f - lA v ‘ N e w d York*1
’’ t h e ^ a t t e r ’o i
cl C o v e r s lin e s d ir e c t ly o p e r a te d , c I n c lu d e s th e N e w \ o r k ft O tt a w a th e S t . L a w r e n c e ft A d ir o n d a c k <md t h e ^
n y
t h e ‘“ t t e r °
w h ic h , b e in g a C a n a d ia n r o a d , d o e s n o t m a k e r e tu r n s t o t h e I n t e r - S t a t e C o m m e r c e C o m m is s io n . / I n c l u d e s E v a n s v ille « ln u ia n a h h . a i n c i u a e
f a m i n e s o f C o lo r a d o ft S o u th e r n ; F o r t W o r th & D e n v e r C ity a n d a ll a f filia t e d lin e s , e x c e p t in g T r in it y ft B r a z o s V a Icy R R . k I n c lu d e s In b o th y e a r s
e a r n lir 's of D e n v e r E n U l ft G u lf R R ., P e c o s V a lle y S y s t e m a n d S a n t a E c P r e s c o t t ft P h o e n ix I l y .
I T h e s e fig u r e s d o n o t in c lu d o l e c c l p t s fr o m s a le _
c o a l i n I n c lu d e s t h e N o r th e r n O h io R R . o F ig u r e s h e r e a r e o n t h e o ld b a s is o f a c c o u n t in g — n o t th e n e w or I n t o r - S t a t c C o m m e r c e C o m m is s io n m e t
r T h e s e fig u res a r e o n th e n e w b a s is p r e sc r ib e d b y t h e I n t e r - S t a te C o m m e rc e C o m m is s io n
Latest Gross Earnings by Weeks.— I n t h e ta b le w h ic h
fo llo w s w e su m u p se p a r a te ly th e e a r n in g s for t h e se c o n d w e ek
o f S e p te m b e r . T h e ta b le c o v e r s 4 5 r o a d s a n d sh o w s 9 .6 9 %
in c r e a se in th e a g g r e g a te o v e r th e sa m e w e e k la s t y e a r .
1900.
1908.
Increase.
$
7 1 ,0 2 0
1 9,193
1 9 4 ,9 4 7
2 3 9 ,7 0 0
1 ,8 3 6 ,0 0 0
2 3 4 ,0 0 0
0 1 1 ,7 1 3
3 0 3 ,8 6 9
1 2 2 ,8 8 0
1 6 4 ,3 3 7
3 1 0 ,7 9 6
2 1 ,1 7 1
4 7 3 ,3 0 0
2 4 ,0 3 4
3 6 ,3 8 4
3 4 ,0 2 2
7 2 ,5 0 5
4 1 ,1 9 4
5
5 0 ,1 6 8
3 6 ,0 1 7
1 5 2 ,7 1 2
2 0 2 ,8 0 0
1 ,4 3 1 ,0 0 0
2 2 3 ,5 0 0
5 3 3 ,6 9 2
3 2 9 ,4 7 5
1 1 9 ,1 9 8
1 5 2 ,8 4 8
3 1 3 ,9 6 9
1 5 ,3 6 7
4 6 7 ,1 0 0
2 2 ,0 0 4
3 8 ,5 4 2
3 9 ,0 1 2
5 7 ,1 9 3
3 7 ,5 9 0
$
1 1 ,8 6 1
1 3 ,1 7 6
4 2 ,2 3 5
3 6 ,9 0 0
4 0 5 ,0 0 0
1 0 ,5 0 0
7 8 ,0 2 1
8 0 7 ,4 9 8
8 0 6 ,6 0 6
0 0 ,8 0 2
1 8 9 ,0 0 0
1 0 7 ,4 2 5
0 8 ,5 7 7
2 5 ,1 4 4
9 7 2 ,6 6 0
1 3 2 ,9 5 0
2 4 ,0 7 8
1 6 ,1 2 4
1 2 5 ,2 5 4
1 6 5 ,0 0 0
1 3 1 ,8 9 1
0 5 ,7 2 5
1 7 ,8 3 8
9 0 3 ,0 0 0
1 2 3 ,2 4 8
2 5 ,9 9 0
1 5 ,1 5 5
1 0 0 ,7 6 4
6 0 0 ,2 0 3
5 2 8 ,6 2 8
7 7 ,5 7 5
1 ,0 0 3 ,0 0 0
1 9 6 ,4 2 8
8 2 3 ,0 2 7
1 1 ,5 3 4
3 ,7 0 0
2 2 1 ,0 7 6
1 ,0 8 0 ,0 4 4
2 7 7 ,4 5 0
2 2 ,9 7 6
7 5 ,6 3 3
5 9 9 ,4 6 4
8 0 3 .0 0 0
1 7 8 ,0 6 9
9 3 3 ,9 9 8
7 ,5 8 2
1 1 ,8 6 1
2 0 1 ,1 8 0
9 8 8 ,7 4 5
2 4 4 ,5 3 5
2 7 ,0 7 3
8 1 ,0 8 3
5 4 7 ,3 8 1
1 1 0 ,0 0 0
. 1 8 .3 5 9
S eco n d W eek o f S eptem ber.
A la b a m a G r e a t S o u t h e r n .
A t l a n t a B ir m in g h a m & A t la n tic
B u ir a lo R o c h e s t e r & P itt s b u r g h
C a n a d ia n N o r t h e r n _____________
C a n a d ia n P a c l ll c ________________
C e n tr a l o f G e o r g ia ______________
C h e s a p e a k e & O h io _____________
C h ic a g o & A l t o n ________________
C h ic a g o I n d & L o u is v ille _______
C in e N e w O rl & T e x P a c if ic ____
C o lo r a d o & S o u t h e r n -----------------D e n v e r N o r t h w e s t e r n & P a c ific
D e n v e r & I tlo G r a n d e ___________
D e t r o it & M a c k in a c _____________
D e t r o it T o le d o & I r o n t o n ---------A n n A r b o r ____________________
D u lu t h S o u t h S h o r e & A t l a n t l c .
G e o r g la S o u t h e r n & F lo r id a ____
G ra n d T r u n k o f C a n a d a _______
G ra n d T r u n k W e s t e r n _____ 1
D e t r o it G ra n d I l a v & M llw j
C a n a d a A t l a n t i c ____________ J
I n t e r n a t io n a l & G r e a t N o r th e r n
I n t c r o c c a n lc o f M e x ic o _________
I o w a C e n t r a l____________________
K a n s a s C it y M e x ic o & O r i e n t ..
L o u is v ille & N a s h v i l le _________
M e x ic a n I n t e r n a t i o n a l _________
M e x ic a n S o u t h e r n ______________
M in er a l R a n g e ---------------------------M in n e a p o lis & S t L o u is _________
M in n S t P a u l & S S M _________
C h ic a g o D i v i s i o n -----------------M isso u r i P a c lllc & I r o n M t n . .
C e n tr a l B r a n c h _____________
M o b ile & O h io __________________
N a t io n a l R a ilw a y s o f M e x ic o ___
N e v a d a -C a llfo r n la -O r e g o n ____
R io G r a n d e S o u t h e r n ___________
S t L o u is S o u t h w e s t e r n _________
S o u t h e r n R a i l w a y ................... ..........
T e x a s & P a c l ll c _________________
T o le d o P e o r ia & W e s t e r n _______
T o le d o S t L o u is & W e s t e r n ____
W a b a s h __________________________
2 5 ,6 0 6
3 ,6 8 2
1 1 ,4 8 9
3 ,1 7 3
5 ,8 0 4
6 ,2 0 0
2 ,0 3 0
2 ,1 5 8
4 ,0 0 0
1 5 ,3 1 2
3 ,6 0 4
2 4 ,0 0 0
_______
7 ,3 0 6
6 9 ,6 6 0
0 ,7 0 2
1 ,0 1 2
96 9
2 4 ,4 9 0
1 1 0 ,0 7 1
3 ,9 7 2
" 8 ,1 6 1
1 9 ,8 9 6
0 7 ,2 0 9
3 2 ,9 1 5
4 ,0 0 7
5 ,4 5 0
5 2 ,0 8 3
1 1 ,2 2 0 ,6 0 0 1 ,2 8 4 ,8 4 2
1 ,0 8 7 ,6 1 0
T o t a l (4 5 r o a d s ) _______: _____
N e t I n c r e a s e ( 0 .6 0 % ) ___________
2 4 ,4 6 6
7 ,1 4 8
1 0 7 ,2 3 2
Net Earnings Monthly to Latest D ates. — T h e ta b le fo l
lo w in g sh o w s th e g r o ss a n d n e t e a r n in g s o f S T E A M ra ilro a d
a n d o f in d u s tr ia l c o m p a n ie s r e p o r te d th is w eek :
-O ross le a rn in g sC urrent
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Y ea r.
Y ea r.
R oads.
$
$
B u ffa lo & S u s q u e h a n n a - b —
5 5 7 ,0 8 7
3 7 7 ,0 8 6
A p r 1 to J u n e 3 0 - .
4 2 8 ,9 5 8
C h ic I n d & L o u l s v . b ___ J u n e
4 7 2 ,2 3 9
5 ,1 6 7 ,1 6 0
J u ly 1 to J u n e 3 0 . .
5 ,3 1 9 ,3 8 6
A
5 2 2 ,5 4 4
4 8 9 ,5 1 1
C um b T el & T el C o. b . . . ■ u g
4 ,2 2 4 ,3 0 0
4 ,0 4 6 ,5 8 5
J a n 1 to A u g 3 1 . .
3 4 7 ,5 7 6
E a s t e r n S t e a m s h ip C o .. - A u g
3 8 5 ,7 5 0
1 ,1 5 8 ,4 2 8
J a n 1 to A u g 3 1 . .
1 ,2 4 3 ,0 4 4
7 4 3 ,9 1 8
7 5 6 ,5 8 0
K a n C it y S o u . b _______ - A u g
1 ,4 8 8 ,2 5 2
J u l y 1 t o A u g 31 . .
1 ,4 2 2 ,6 0 8
L e h ig h V a l l e y , b
. - A u g 2 ,9 2 6 ,3 7 0
2 ,8 3 3 ,0 3 3
J u l y 1 to A u g 31 ._
5 ,6 8 0 ,7 6 0
5 ,3 6 0 ,3 8 4
M e x ic a n P o w e r C o _____ - A u g
4 8 2 ,8 8 8
4 7 3 ,1 8 8
M in n S t P a u l & S S M . . . J u l y 1 ,1 4 4 ,5 2 2
0 5 0 ,1 0 9
C h lc a g o D i v i s i o n _____
7 1 8 ,4 1 2
6 5 9 ,2 6 2
P i t t s C ln C h & S t L . a . - - A u g 2 ,7 7 2 ,5 0 8
2 ,2 5 5 ,7 7 8
J a n 1 t o A u g .31 . . ____ 1 8 ,8 53 7 4 6 1 6 ,7 0 8 ,2 2 5
P itts S h aw & N o r .b —
2 1 2 ,6 2 6
A p r 1 to J u n e 3 0 - 1 6 1 ,0 3 8
3 0 7 ,8 6 2
J a n 1 to J u n e 3 0 . . —
3 6 6 ,3 8 1
8 3 2 ,2 0 5
8 3 6 ,4 6 5
J u ly 1 to J u n o 3 0 . .
1 1 ,9 1 5
8 ,1 3 3
R a l e ig h & S o u t h p o r t .a - A u g
1 7 ,8 3 6
2 3 ,4 0 3
J u ly 1 to A u g 3 1 ._
7 0 ,3 9 3
8 3 ,2 1 3
T e * a s C e n tr a l a ------------ - A u g
1 5 5 ,6 7 2
1 5 9 ,9 0 7
J u ly 1 to A u g 3 1 . .
1 0 0 ,7 8 5
1 0 0 ,5 1 8
V ir g in ia & S o u t h w . b . . - A u g
2 0 2 ,6 3 3
1 0 3 ,3 5 8
J u ly 1 to A u g 3 1 - -
-N e t E a r n in g s P rev io u s
C u rre n t
Y ea r.
Y e a r.
S
5 8 ,8 0 2
1 8 2 ,2 4 7
1 ,6 6 5 ,6 0 6
2 2 1 ,5 6 4
1 ,8 0 4 ,7 9 1
2 2 3 ,2 1 4
4 0 0 ,2 0 8
2 6 0 ,7 9 1
4 4 6 ,6 8 5
1 ,1 3 1 ,3 5 7
2 ,2 0 4 ,3 8 3
1 9 7 ,4 0 3
4 8 7 ,4 7 4
2 8 3 ,0 3 6
8 0 6 ,4 3 2
4 ,5 8 7 ,3 6 5
$
d c f 2 8 ,8 7 6
1 1 3 ,8 0 5
1 ,4 2 2 ,0 9 7
2 0 1 ,8 7 5
1 ,7 1 7 ,2 7 0
1 8 8 ,5 2 7
3 2 3 ,8 8 6
2 9 3 ,8 3 9
5 8 2 ,5 4 1
1 ,0 6 3 ,8 6 3
1 ,9 4 1 ,0 5 9
3 3 0 ,3 1 0
3 0 3 ,3 0 1
2 4 7 ,1 5 1
7 2 4 ,8 8 9
4 ,4 3 8 ,1 7 4
d e f 5 0 ,8 0 2
d e f 3 ,8 1 8
1 2 ,0 3 1
d e f 9 0 ,0 8 6
1 1 ,5 1 3 d e f l 1 5 ,2 3 5
4 ,1 4 3
1 ,8 8 8
8 ,1 5 1
4 ,8 9 4
2 5 ,3 0 5
1 3 ,1 3 3
3 0 ,0 7 1
1 3 ,2 2 9
4 5 ,0 3 7
3 2 ,6 9 5
8 0 ,6 0 7
6 7 ,9 6 9
a N e t e a r n in g s h e r e g i v e n a r c a f t e r a llo w in g fo r t a x e s ,
b N e t e a r n in g s h e r e g i v e n a r e b e fo r e a llo w in g fo r t a x e s
Interest Charges and Surplus.
— I n t ., R e n ta ls, & c .—
C urrent
Y ea r.
H oads.
P rev io u s
Y ea r.
5
B u ffa lo & S u s q u e h a n n a —
A p r 1 to J u n e 3 0 ______
C u m b T e l & T e l C o . . . _ .A u g
.Tan 1 t o A u g 3 1 ---------P itts S h a w & N or—
A p r 1 to J u n e 3 0 _______
J a n l t o J u n e 3 0 . _ .........
J u ly 1 t o J u n e 3 0 _______
T e x a s C e n t r a l ---------------- A u g
J u l y 1 t o A u g 3 1 _______
S
— H al. o f N e t E 'n g s .—
C u rre n t
P rev io u s
Y e a r.
Y ear.
3
$
3 2 2 ,6 1 2
4 1 ,0 3 8
3 3 8 ,0 3 7
3 1 7 ,3 3 5 .r d e fl5 2 ,2 0 2 .r d c f2 4 4 ,4 6 9
3 7 ,7 2 4
1 7 0 ,6 2 6
1 6 4 ,1 5 1
2 0 7 ,0 0 2
1 ,4 6 5 ,8 5 4
1 ,4 2 0 ,1 8 7
5 7 ,8 4 4
1 1 4 ,1 2 3
2 1 6 ,0 0 7
3 ,6 6 0
7 ,1 0 4
1 6 ,4 7 4 x d e f.3 4 ,1 3 0 x d e fO 7 ,0 S 2
0 1 ,3 0 7 z d e f 4 3 ,7 3 0 x d e f 7 0 ,4 1 5
1 8 1 ,3 4 8 r d c f8 8 ,6 2 6 a ;d e f2 2 ,1 7 8
3 ,7 0 2
0.4G 4
2 1 ,6 0 3
7 ,1 2 8
6 ,1 2 5
3 1 ,0 4 3
x A f t e r a llo w in g fo r o t h e r I n c o m e r e c e iv e d .
STREET RAILWAY AND TRACTION COMPANIES.
L atest Gross E a r n in g s .
N a m e of
Road.
A m e r ic a n R y s C o . . .
c A u r E lg in & C h ic R y
B in g h a m t o n S t . R y . .
B lr m R y L t & P o w e r
B r o c k t o n & P ly S t R y
C a m a g u e y C o ________
C a p e B r e t o n E le c Co..
C a r o lin a P o w & L tC o .
C c n tr a l P e n n T r a c —
C h a r ie s t C on R y G * K
C h ic a g o R a i lw a y s C o .
W eek or
M o n th .
P revious
Y ea r.
C u rre n t
Y ea r.
%
S
2 7 2 ,6 7 0
1 5 3 ,8 9 5
3 2 ,8 9 2
1 7 2 ,0 6 8
1 5 ,9 5 6
1 0 ,4 2 0
2 1 ,3 3 4
V
1 ,0 4 6 ,1 8 9
1 ,0 0 0 ,2 6 5
2 3 0 ,7 2 1
1 ,4 5 8 ,4 6 1
7 3 ,1 5 8
7 6 ,0 8 5
1 2 0 ,3 8 3
1 0 8 ,6 2 3
5 0 1 ,7 6 8
5 1 0 ,0 8 7
6 ,0 8 0 ,3 4 3
A u g u s t ___ 2 8 4 ,4 8 7
A u g u s t ___ 1 6 3 ,6 9 8
A u g u s t ___
3 4 ,3 4 8
A u g u s t ___ 1 8 1 ,0 7 9
J u l y ............
1 8 ,0 2 2
J u l y ...........
1 1 ,4 4 5
J u ly ............
2 1 ,8 7 2
J u ly _____
1 7 ,7 1 7
A u g u st —
7 0 ,0 3 1
6 8 ,4 8 4
A u g u s t ___
J u l y ............ 1 0 7 7 ,6 9 3
J a n . 1 to latest date.
C u rren t
Y ea r.
6 8 ,8 3 6
6 3 ,8 0 3
9 6 2 ,5 5 9
P rev io u s
Y ea r.
$
1 ,8 6 0 ,1 6 0
9 2 0 ,5 2 8
2 1 1 ,1 3 4
1 ,4 0 4 ,3 7 5
6 7 ,0 8 8
6 3 ,9 4 4
1 3 6 ,8 8 0
4 7 2 ,2 5 0
5 0 6 ,7 7 1
N a m e of
Iio a d .
J a n . 1 to latest date.
L a test G ross E a r n in g s .
W eek or
M o n th .
C le v e P a l n e s v & E a s t A u g u s t ___
D a lla s F .le c tr lc C o r p . J u l y ............
D e t r o it U n it e d R y . . _ 1 s t w k S e p
D u lu t h S t r e e t R y . . . J u l y ...........
E a s t S t L o u is & S u b . A u g u s t ___
E l P a s o E le c t r i c _____ J u l y ............
F a ir & C la r k sb ' I t C o J u l y ............
F t W a y n e & W ab ash
V a lle y T r a c t io n Co J u n e ............
G a lv - H o u s E le c C o _ . J u l y ............
G ra n d R a p id s R y C o. A u g u s t ___
H a v a n a E le c tr ic R y . W k S e p 19
H o n o lu lu R a p id T r a n
& L a n d C o . .............. J u l y ............
H o u g h t o n Co T r a c Co J u l y ............
I llin o is T r a c t io n C o ._ J u l y ............
J a c k s o n v ille E le c C o . J u l y ______
K a n s a s C it y -W e s t e r n J u n e ............
L a k e S h o r e E le c R y . A u g u s t ___
L e x & I n t e r R y s C o . . J u n e _____
MIIw E le c R y & L t Co J u l y ............
M Uw L t H t & T r a c Co J u l y ______
M o n tr e a l S t r e e t R y . . W k S e p 18
N a s h v ille R y & L ig h t A u g u s t ___
N o r t h O h io T r & L t . . A u g u s t ___
N o r th T e x a s E le c C o . J u l y _____
N o r t h w e s t e r n E l c c . . A u g u s t ___
N o r f & P o r t s m T r Co J u n e _____
O k la h o m a C ity R y . . J u l y ______
P a d u c a h T r & L t C o . J u l y ............
P c n s a c o la E le c tr ic Co J u l y ............
P o r t l’d (O r ) R y L & P C o A u g u s t ___
R io d e J a n e ir o T ra m
L ig h t & P o w e r ____ A u g u s t —
S t J o s e p h (M o) R y L t
H e a t & P o w e r C o . A u g u s t ___
S a o P a u lo T r L t & P_ A u g u s t ___
S a v a n n a h E le c tr ic Co J u l y ______
S e a t t l e E le c tr ic C o ___ J u l y ...........
S o u W is c o n s in R y Co A u g u s t ___
T a m p a E le c tr ic C o . . J u l y ______
T o lc u o R y s & L ig h t . J u l y ............
T o r o n t o R a i l w a y ____ W k S e p 18
T w in C it y R a p T r a n . 2 d w k S e p
U n d ergrou n d E l R y
of L ondon—
T h r e e t u b e l i n e s ___ W k S e p 11
M e tr o p o lita n D l s t . W k S e p 11
U n it e d T r a m w a y s . W k S e p 11
U n it e d R y s o f S t L . _ A u g u s t ___
U n it e d R h s o f S a n F r J u l y ______
V ir g in ia R y & P o w Co J u n e ______
W h a tc o m Co R y & L t J u l y ............
C u rren t
Y ea r.
P revio u s
Y ea r.
C u rren t
Y ea r.
P revio u s
Y ea r.
3 6 ,3 8 9
1 0 3 ,3 4 0
1 9 1 ,7 8 8
9 1 ,6 5 8
1 7 7 ,2 1 0
4 6 ,3 6 2
3 9 ,8 9 9
%
5
3 3 ,1 3 7
1 0 1 ,3 9 7
1 7 5 ,5 1 6
8 1 ,5 6 8
1 7 4 ,3 8 0
4 0 ,8 2 1
3 5 ,4 6 2
S
2 1 0 ,8 4 4
7 2 5 ,7 8 4
5 ,3 1 5 ,0 8 0
5 4 4 .1 4 0
1 ,3 0 4 ,6 7 6
3 2 9 ,0 2 7
2 3 1 ,0 4 8
$
1 9 7 ,2 5 8
6 3 3 ,7 7 2
4 ,7 5 0 ,6 5 0
4 9 3 ,4 1 8
1 ,3 1 7 ,8 2 7
3 0 1 ,2 9 2
2 1 0 ,0 8 1
1 1 5 ,9 8 1
1 0 0 .7 4 7
0 9 ,8 3 8
3 6 ,4 6 1
1 1 0 ,0 3 4
0 3 ,3 7 2
0 1 ,2 8 9
3 4 ,0 1 8
6 4 8 ,6 5 5
6 8 2 .4 7 3
6 7 8 ,3 9 6
1 ,4 7 2 ,7 5 3
6 1 5 ,2 0 1
5 9 9 ,1 5 6
6 1 8 ,6 7 0
1 ,3 7 1 ,6 2 1
3 6 ,6 3 7
3 4 ,5 2 5
2 6 ,3 0 0
3 0 ,6 5 2
3 6 2 ,7 2 9 3 4 2 ,2 7 3
3 0 ,2 9 9
3 5 ,5 5 9
3 0 ,6 8 4
3 1 ,2 1 3
1 3 0 ,0 9 2 1 1 0 ,6 7 4
5 4 ,1 4 3
5 1 ,3 7 3
3 5 6 ,0 0 6 3 3 3 ,2 7 4
1 1 3 ,3 3 6 1 0 0 ,5 3 2
8 7 ,5 2 2
7 3 ,1 3 1
1 3 7 ,2 5 5 1 2 6 ,9 4 6
2 3 1 ,0 6 1 2 0 9 ,7 4 2
1 0 9 ,2 1 2 ■ 9 8 ,0 8 3
1 6 2 ,4 2 4 1 5 5 ,4 8 4
1 6 4 ,5 1 1 d 1 6 4 ,5 2 7
4 1 .4 6 8
2 6 ,7 8 1
1 8 ,7 7 6
1 9 ,1 5 2
2 3 ,4 6 1
1 9 ,6 3 0
4 2 9 ,2 7 6 3 6 5 ,8 4 9
2 3 2 ,2 0 0
1 8 0 ,7 6 8
2 ,4 1 6 ,0 4 7
2 7 3 ,4 2 9
1 6 6 ,4 2 3
7 2 6 ,8 5 4
2 6 6 ,5 1 3
2 ,3 7 2 .7 5 0
4 0 0 .3 1 4
2 ,7 6 6 ,9 7 0
1 ,1 0 3 ,1 0 1
1 ,4 3 2 ,0 1 5
6 9 5 ,8 6 8
1 ,3 5 4 ,2 1 2
1 )23,527
2 2 8 ,1 9 4
1 2 7 ,7 9 9
1 4 0 ,1 9 6
3 ,1 2 6 ,8 7 0
2 1 9 ,5 1 3
1 4 7 ,6 1 3
2 ,2 5 5 ,7 9 0
2 4 6 ,1 9 2
1 5 6 ,8 3 7
6 8 3 ,1 3 6
2 6 9 ,0 4 8
2 ,1 0 3 ,7 8 1
4 6 1 ,0 0 3
2 ,6 2 1 ,2 1 7
1 ,0 0 8 ,5 2 8
1 ,2 4 7 ,8 7 8
5 8 9 ,8 5 6
1 ,2 4 9 ,9 3 3
<1875,620
1 4 8 ,3 8 4
1 3 1 ,5 0 3
1 1 6 ,3 9 7
2 ,8 4 8 ,8 2 3
2 6 3 ,2 2 0
6 4 1 ,8 0 7
4 ,0 6 4 ,7 6 4
4 ,5 9 5 ,8 1 1
9 0 ,5 2 4
1 9 3 ,2 0 3
5 5 ,8 1 1
5 9 2 ,5 8 6
1 4 ,4 3 1
4 7 ,1 7 2
2 2 6 ,5 6 4
7 9 ,1 1 9
1 6 9 ,2 0 7
8 3 ,4 4 4
1 7 9 ,0 2 1
5 3 ,4 5 4
3 6 6 ,4 8 1
1 3 ,0 3 8
4 5 ,1 9 2
1 9 9 ,2 3 7
7 1 ,0 0 6
1 2 2 ,7 0 4
6 3 4 ,5 3 2
1 ,5 7 5 ,7 7 5
3 4 8 ,3 6 3
3 ,1 9 7 ,3 6 0
1 0 7 .3 1 4
3 4 0 ,6 7 7
1 ,5 2 8 ,0 5 4
2 ,6 8 6 ,4 5 2
4 ,8 5 3 ,3 0 9
5 7 7 ,2 5 1
1 ,5 0 1 ,2 0 4
3 3 5 ,8 4 8
2 ,5 3 4 ,4 4 3
1 0 2 ,9 3 2
3 1 7 ,1 5 0
1 ,4 2 9 ,6 1 2
2 ,4 6 9 ,1 4 0
4 ,4 7 7 ,2 7 6
£ 1 1 ,4 3 5
£ 9 ,2 5 3
£ 6 ,4 7 9
9 5 7 ,2 4 6
6 2 1 ,7 5 3
1 7 0 ,6 2 5
3 4 ,4 8 4 '
£ 1 1 ,5 2 0
£ 9 ,2 1 3
£ 7 ,6 5 7
9 1 1 ,5 1 5
5 6 8 ,7 5 0
1 7 4 ,8 5 8
2 9 ,1 2 3
£ 4 5 2 ,5 2 5
£ 3 5 2 ,0 2 4
£ 2 3 3 ,0 6 5
7 ,2 0 7 ,0 5 6
4 ,1 0 0 ,6 5 7
1 ,0 1 4 ,1 9 5
2 2 3 ,5 1 3
£ 4 1 3 ,2 3 5
£ 3 2 1 ,3 3 4
£ 2 4 5 ,0 3 2
6 ,9 7 3 ,2 8 0
3 ,9 1 0 ,2 1 2
9 5 6 ,3 9 6
2 0 2 ,3 7 2
c T h e s e lig u r e s a r e fo r c o n s o lid a t e d c o m p a n y ,
t h e N o r fo lk C o u n ty F e r r ie s .
d I n c lu d e s e a r n in g s o f
Street Railway Net Earning3.— In t h e fo llo w in g w e sh o w
b o th t h e g r o ss a n d t h e n e t e a r n in g s t o la t e s t d a te s o f a ll
S T R E E T r a ilw a y s fr o m w h ic h w e h a v e b e e n a b le t o p r o c u r e
m o n th ly r e tu r n s. T h e r e tu r n s o f t h e d iffe r e n t r o a d s a r e p u b
lis h e d b y u s e a c h w e e k a s so o n a s r e c e iv e d , a n d o n c e a m o n t h
w e b r in g to g e th e r a ll t h e r o a d s r e p o r tin g , a s is d o n e t o - d a y .
------- G ross E a r n in g s - --------- ------- N et E a r n in g s --------
C u rren t
Y ea r.
R oads.
A u r o r a E lg in & C h ic ____ A u g
P rev io u s
Y e a r.
$
1 6 3 ,6 9 8
3 3 1 ,3 1 2
3 4 ,3 4 8
2 3 0 ,7 2 1
1 8 1 ,9 7 0
1 ,4 5 8 ,4 6 1
1 8 ,0 2 2
7 3 ,1 5 8
1 1 ,4 4 5
7 6 ,0 8 5
2 1 ,8 7 2
1 2 6 ,3 8 3
1 7 ,7 1 7
1 0 8 ,6 2 3
7 0 ,0 3 1
5 0 1 ,7 6 8
6 8 ,4 8 4
3 9 1 ,4 1 8
1 ,0 7 7 ,6 9 3
6 ,9 8 0 ,3 4 3
3 6 ,3 8 9
2 1 0 ,8 4 4
8 7 .9 5 4
4 8 8 .9 0 8
3
1 5 3 ,8 9 4
3 0 2 ,6 4 3
3 2 ,8 9 2
2 1 1 ,1 3 4
1 7 2 ,0 6 8
1 ,4 0 4 ,3 7 5
1 5 ,9 5 6
6 7 ,0 8 8
1 0 ,4 2 9
6 3 ,9 4 4
2 1 ,3 3 4
1 3 6 ,8 8 0
J u ly 1 t o A u g 3 1 _______
B i n g h a m t o n S t R y _____ A u g
J a n 1 to A u g 3 1 ____ B ir m ’h a m R y L t & P . a . A u g
J a n 1 to A u g 3 1 _______
B ro ck to n & P ly m o u th . .J u ly
J a n 1 t o J u ly 3 1 _______
C am aguey C o.
------------ J u ly
J a n 1 to J u l y 3 1 _______
C a p e B r e t o n E le c CO___J u l y
J a n 1 t o J u l y 3 1 _______
C a r o lin a P o w e r & L t C o . J u l y
J a n 1 to J u l y 3 1 ---------C e n tr a l P e n n T r C o _____ A u g
J a n 1 t o A u g 3 1 _______
C h a r le s to n C o n s R y . a . - A u g
M ch 1 to A u g 3 1 ____ .
C h ic a g o R y s C o . a _______ J u ly
J a n 1 to J u l y 3 1 ______
C le v P a ln e s v & E ’n . a - . A u g
J a n 1 to A u g 3 1 _______
C le v e S o u t h w & C o l . b . - J u l y
J a n 1 to J u l y 3 1 _______
C o r tla n d C o T r a c t C o . b —
A p r 1 t o J u n e 3 0 ____ .
1 8 ,1 3 5
D a lla s E le c tr ic C o r p ____ J u ly
1 0 3 ,3 4 0
J a n 1 t o J u ly 3 1 _____ 1
7 2 5 ,7 8 4
D e t r o it U n i t e d __________ J u ly
7 7 1 ,4 5 3
J a n 1 t o J u l y 3 1 _______ 4 ,4 1 0 ,5 1 1
D u lu t h S t r e e t R y . b ____ J u ly
9 1 ,6 5 8
J a n 1 to J u ly 3 1 _______
5 4 4 ,1 4 9
E a s t S t L o u is & S u b . b . . A u g
1 7 7 ,2 1 0
J a n 1 t o A u g 3 1 _______ 1 ,3 0 4 ,6 7 6
E l P a s o E le c tr ic C o . . 1 . . J u ly
4 6 ,3 6 2
J a n 1 t o J u ly 3 1 _______
3 2 9 ,9 2 7
F a lr m & C la r k sb T r Co b J u ly
3 9 ,8 9 9
J a n 1 t o J u l y 3 1 _______
2 3 1 ,0 4 8
1 1 5 ,9 8 1
F tW a y n c & W a b V T r C o . J u n e
6 4 8 ,6 5 5
J a n 1 t o J u n e 3 0 _______
1 0 9 ,7 4 7
G a lv - I I o u s lo n E le c C o . - J u l y
6 8 2 ,4 7 3
J a n 1 to J u l y 3 1 ---------9 9 ,8 3 8
G ra n d R a p R y C o . b ------ A u g
0 7 8 ,3 9 0
J a n 1 to A u g 3 1 ----------3 4 ,5 2 5
H o n o lu lu R T & I , C o . b . J u ly
2 3 2 ,2 0 9
J a n 1 to J u ly 3 1 ........... ..
3 0 ,6 5 2
H o u g h to n Co T rac C o ..J u ly
1 8 0 ,7 6 8
J a n 1 t o J u ly 3 1 ---------I llin o is T r a c tio n C o . a ------l u ly
3 6 2 .7 2 9
J a n 1 t o J u ly 3 1 ---------- 2 ,4 1 0 .9 4 7
J a c k s o n v ille E le c tr ic C o . J u ly
3 9 ,2 9 9
J a n 1 to J u ly 3 1 ----------2 7 3 ,4 2 9
J a m e s t ’n C h a u ta q & L E r l e .b
A p r 1 t o J u n e 3 0 ---------2 3 ,2 1 6
K a n s a s C it y -W e s t R y a J u n e
3 1 ,2 1 3
J a n 1 t o J u n e 3 0 ----------3 4 9 ,3 5 5
L a k e S h o r e E le c t R y . a . A u g
1 3 0 ,9 9 3
7 2 6 ,8 5 4
J a n 1 t o A u g 3 1 -----------
6 8 ,8 3 6
4 7 2 ,2 5 0
6 3 ,8 0 3
3 8 6 ,0 7 1
9 6 2 ,5 5 9
_______
3 3 ,1 3 7
1 9 7 ,2 5 8
7 2 .9 2 4
4 2 1 ,7 1 7
C u rren t
Y ea r.
$
8 7 ,2 5 0
1 7 6 ,9 6 9
1 7 ,3 2 3
1 0 0 ,7 1 4
8 1 ,9 4 3
6 4 0 ,5 4 5
8 ,9 3 2
2 1 ,6 5 6
5 ,3 4 3
3 5 ,2 3 3
8 ,8 6 2
4 3 ,4 9 1
8 ,2 3 8
4 4 ,8 3 0
1 8 ,3 8 5
1 2 7 ,1 7 4
2 2 ,9 1 1
1 4 8 ,1 2 6
3 6 7 ,7 2 6
2 ,3 7 0 ,2 5 0
2 0 ,0 9 0
1 0 6 ,5 4 2
3 4 .1 3 1
1 8 3 ,1 6 3
P rev io u s
Y e a r.
5
8 2 ,7 2 0
1 5 9 ,2 6 0
1 4 ,3 7 4
8 6 ,1 3 2
6 6 ,4 3 8
5 8 3 ,7 9 3
6 ,6 7 8
1 3 ,4 8 0
4 ,2 7 7
3 0 ,2 5 6
9 ,4 5 5
5 4 ,5 1 9
1 9 ,3 5 5
9 6 ,2 2 9
2 0 ,8 6 9
1 4 1 ,2 6 9
3 4 8 ,2 9 6
1 6 ,7 7 8
8 9 ,4 2 4
2 8 .3 2 2
1 3 8 ,9 6 9
5 ,0 0 5
6 ,3 7 6
1 9 ,2 1 4
3 5 ,2 3 3
3 0 ,2 6 8
1 0 1 ,3 9 7
1 8 4 ,9 2 9
2 6 0 ,5 0 3
6 3 3 ,7 7 2
C 3 0 5 .1 3 4
C 2 6 1 .5 7 8
6 7 9 ,4 4 7
3 ,0 6 4 ,8 7 5 c l , 6 9 2 ,8 3 3 C l,4 3 6 ,6 9 9
3 7 ,0 3 9
8 1 ,5 6 8
4 4 ,4 2 2
1 8 5 ,0 4 2
4 9 3 ,4 1 8
2 1 7 ,6 4 0
8 3 ,2 7 6
1 7 4 ,3 8 0
8 6 ,2 5 6
5 7 3 ,9 9 5
6 2 3 ,7 5 0
1 ,3 1 7 ,8 2 7
1 1 ,4 6 9
1 7 ,1 5 8
4 0 ,8 2 1
1 2 7 ,8 8 7
8 6 ,4 9 7
3 0 1 ,2 9 2
2 3 ,1 4 7
2 6 ,5 4 3
3 5 ,4 6 2
1 4 0 ,8 0 6
1 2 6 ,9 4 5
2 1 0 ,0 8 1
4 5 ,2 9 3
1 1 0 ,0 3 4
4 4 ,5 9 2
0 1 5 ,2 0 1
2 5 7 ,8 2 0
2 5 4 ,6 0 7
9 3 ,3 7 4
4 7 ,6 7 8
4 1 ,3 6 9
5 9 9 ,1 5 6
2 7 7 ,1 5 7
2 4 0 ,2 6 8
0 1 ,2 8 3
4 9 ,7 4 0
5 7 ,3 8 2
6 1 8 ,6 7 0
3 0 2 ,3 0 2
3 5 8 ,6 3 4
3 6 ,6 3 7
1 6 ,6 5 6
1 7 ,4 4 7
2 1 9 ,5 1 3
1 1 0 ,5 0 6
9 5 ,0 3 0
1 3 ,5 8 7
1 5 ,9 5 1
2 6 ,3 0 0
6 0 ,2 4 2
7 8 ,6 8 5
1 4 7 ,0 1 3
1 4 6 ,9 0 7
1 5 0 ,9 9 3
3 4 2 ,2 7 3
9 2 5 .9 1 7
9 6 3 .6 1 0
2 ,2 0 5 ,7 0 0
1 6 ,9 4 7
1 4 ,8 6 8
3 5 ,5 5 9
1 1 3 ,6 3 0
9 2 ,6 5 5
2 4 0 ,1 9 2
1 6 ,7 4 7
3 0 ,6 8 4
3 3 0 ,6 5 1
1 1 0 ,6 7 4
6 8 3 ,1 3 6
2 ,9 7 8
1 0 ,6 7 8
1 2 8 ,7 0 8
7 5 .1 7 1
3 3 7 ,0 0 6
d e f 5 ,0 9 4
1 2 ,4 7 1
1 2 3 ,8 7 1
6 4 ,9 2 3
2 9 3 ,2 8 7
-G ross E a r n in g s C u rre n t
P rev io u s
Y ea r.
Y ea r.
$
L e x l n g t o n & I n t e r u r b ._ J u n e
5 1 ,3 7 3
J a n 1 t o J u n e 3 0 _______
2 6 6 ,5 1 2
M llw E le c R y & L C o . b - J u l y
3 5 6 ,9 0 6
2 ,3 7 2 ,7 5 9
M llw L t H t & T r C o . b - - J u l y
1 1 3 ,3 3 6
4 9 9 ,3 1 4
M o n tr e a l S t R y _________ A u g
3 5 5 ,2 3 0
3 ,4 9 2 ,7 7 6
N a s h v i l le R y & L t C o . a .A u g
1 3 7 ,2 5 5
1 ,1 0 3 ,1 0 1
N o r f o lk & P o r t s m o u t h .J u n e
1 6 4 ,5 1 1
9 2 3 ,5 2 7
N o r O h io T r & L t C o . . . A u g
2 3 1 ,0 6 1
1 ,4 3 2 ,0 1 5
N o r t h e r n T e x a s E le c C o . J u ly
1 0 9 ,2 1 2
J a n 1 to J u ly 3 1 . ............
6 9 5 ,8 6 8
O k la h o m a C ity R y _____ J u ly
4 1 ,4 6 8
J a n 1 to J u ly 3 1 . ............
2 2 8 ,1 9 4
P a d u ca h T rac & L t C o .- J u ly
1 9 ,1 5 2
J a n 1 t o J u ly 3 1 _______
1 2 7 ,7 9 9
P e n n Y a n K e u k a P k & D r a n c h p ’t . b —
‘
5 ,9 7 9
A p r - t o J u n e 30
1
P e n s a c o la E le c tr ic C o ___ J u ly
2 3 ,4 6 1
J a n 1 t o J u ly 3 1 _______
1 4 0 ,1 9 6
P o r t la n d (O re) R y L t & P b A u g
4 2 9 ,2 7 6
J a n 1 t o A u g 3 1 _______ 3 , 1 2 6 ,8 7 0
R to d e J a n e ir o T r L t & P a A u g
6 7 3 ,2 2 0
J a n 1 t o A u g 3 1 _______ 4 ,9 6 4 ,7 6 4
S t J o s (M o) R y L t H t & P b A u g
9 0 ,5 2 4
J a n 1 t o A u g 3 1 _______
6 3 4 ,5 3 2
S a o P a u lo T r a m L t & P .- A u g
1 9 3 ,2 0 3
J a n 1 t o A u g 3 1 _______ 1 ,5 7 5 ,7 7 5
S a v a n n a h E le c tr ic C o . . J u l y
5 5 ,8 1 1
J a n 1 t o J u ly 3 1 _______
3 4 8 ,3 6 3
S e a t t l e E le c tr ic C o _____ J u ly
5 9 2 ,5 8 6
J a n 1 to J u ly 3 1 .............. 3 ,1 9 7 ,3 6 0
T a m p a E le c tr ic C o _____ J u ly
4 7 ,1 7 2
J a n 1 to J u l y 3 1 _______
3 4 0 ,6 7 7
2 2 6 ,5 6 4
T o le d o R y s & L t C o . b . . J u ly
J a n 1 t o J u ly 3 1 _______ 1 ,5 2 8 ,0 5 2
T o r o n t o R a i l w a y _______ A u g
3 3 3 ,2 2 3
J a n 1 to A u g 3 1 _______ 2 ,4 7 7 ,3 1 0
T w in C ity R a p T r C o . b . J u ly
6 4 0 ,0 9 4
J a n 1 to J u ly 3 1 _______ 3 ,8 9 0 ,1 6 0
U n d e r g r o u n d E le c tr ic R y s o f L o n d o n —
M e tr o p o lita n D i s t r i c t .A u g
£ 4 7 ,3 3 1
B a k e r S t & W a t e r lo o .A u g
£ 1 2 ,4 8 3
G t N o r t h P ic & B r o m . A u g
£ 2 0 ,6 9 7
C h a r in g Cr E u s& H a m . A u g
£ 1 5 ,9 1 1
L o n d o n U n it e d T r a m . A u g
£ 3 5 ,0 0 0
U n it e d R y s & S t L o u ls .a .A u g
0 5 7 ,2 4 6
J a n 1 to A u g 3 1 _______ 7 ,2 9 7 .0 5 6
6 2 1 ,7 5 3
U n it e d R R d s o f S F r a n . b J u l y
J a n 1 t o J u ly 3 1 _______ 4 ,1 9 0 ,6 5 7
V ir g in ia R y & P o w e r C o .J u n e
1 7 9 ,6 2 5
J a n 1 t o J u n e 3 0 _______ 1 ,0 1 4 ,1 9 5
W a s h B a lt o & A n n a p o lis A u g
5 9 ,3 1 4
J u ly 1 t o A u g 3 1 _______
1 1 3 ,7 1 6
W h a t c o m Co R y & L t — J u ly
3 4 ,4 8 4
J a n 1 to J u ly 3 1 _______
2 2 3 ,5 1 3
C urrent
Y ea r.
$
5 4 ,1 4 3
2 6 9 ,0 4 8
3 3 3 ,2 7 4
2 ,1 9 3 ,7 8 1
1 0 0 ,5 3 2
4 6 1 ,0 0 3
3 2 9 ,7 7 2
3 , 3 2 9 ,0 6 0
1 2 6 ,9 4 6
1 ,0 0 8 ,5 2 8
(2 1 6 4 ,5 2 7
(28 7 5 ,6 20
2 0 9 ,7 4 2
1 ,2 4 7 ,8 7 8
9 8 ,9 8 3
5 8 9 ,8 5 6
2 6 ,7 8 1
1 4 8 ,3 8 4
1 8 ,7 7 6
1 3 1 ,5 0 3
$
1 3 ,1 8 6
6 4 ,3 5 4
1 8 7 ,8 8 8
1 ,1 8 9 ,1 8 1
7 6 ,0 1 1
2 8 2 ,4 1 9
1 7 1 ,6 4 7
1 ,4 1 4 ,3 7 8
.
6 6 ,3 7 3
5 4 9 ,3 7 1
6 7 ,2 4 2
3 7 6 ,0 3 7
1 1 5 ,3 3 7
6 4 7 ,2 7 5
4 9 ,3 7 8
3 0 1 ,5 3 5
1 6 ,8 1 1
8 2 ,2 2 6
7 ,5 6 0
4 9 ,8 6 2
$
1 9 ,6 2 4
7 7 ,3 8 7
1 7 2 ,3 9 1
1 ,0 2 8 ,1 3 3
6 6 ,2 9 5
2 5 0 ,3 9 8
1 6 5 ,5 1 0
1 ,3 5 0 ,4 0 1
6 0 ,5 3 0
4 8 0 ,8 7 5
6 5 ,9 0 4
3 2 8 ,0 8 5
1 0 2 ,3 8 5
5 1 7 ,4 8 6
4 0 ,1 9 6
2 2 8 ,7 0 9
5 ,8 8 2
4 3 ,2 0 4
7 ,3 7 3
5 0 .9 2 0
5 ,6 7 2
1 9 ,6 3 0
1 1 6 ,3 9 7
3 6 5 ,8 4 9
2 ,8 4 8 ,8 2 3
6 4 1 ,8 0 7
4 ,5 9 5 ,8 1 1
8 3 ,4 4 4
5 7 7 ,2 5 1
1 7 9 ,9 2 1
1 ,5 0 1 ,2 9 1
5 3 ,4 5 4
3 3 5 ,8 4 8
3 6 6 ,4 8 1
2 ,5 3 4 ,4 4 3
4 5 ,1 9 2
3 1 7 ,1 5 0
1 9 9 ,2 3 7
1 ,4 2 9 ,6 1 0
2 9 9 ,9 3 3
2 ,2 7 5 ,1 2 7
6 0 6 ,3 7 4
3 ,5 8 9 ,2 2 3
3 ,5 1 3
1 0 ,8 5 8
6 0 ,6 6 7
2 3 9 ,0 5 1
1 ,6 6 9 ,0 7 9
2 8 4 ,2 5 5
1 ,9 4 5 ,2 4 7
4 6 ,3 5 7
3 0 0 ,8 0 1
1 1 5 ,5 0 3
9 8 3 ,3 1 1
1 7 ,5 6 5
1 2 3 .6 0 0
2 8 7 ,5 5 8
1 ,3 0 0 ,6 0 6
1 6 ,7 6 9
1 3 8 ,4 9 9
9 2 ,3 4 3
6 4 3 ,6 4 7
1 6 7 ,1 6 6
1 ,2 1 1 ,2 4 5
3 6 2 ,5 2 3
1 ,9 9 0 ,1 0 7
1 ,0 3 3
7 ,5 7 4
2 9 ,0 1 3
1 9 1 ,0 8 9
1 ,4 2 5 ,0 3 6
2 6 7 ,9 3 3
1 ,7 1 0 ,5 4 3
4 3 ,4 7 4
2 7 4 ,3 6 8
1 1 0 ,9 4 9
9 5 9 ,4 3 9
2 0 ,6 9 0
1 0 3 ,7 7 3
1 5 6 ,5 3 1
1 ,0 1 7 ,5 9 9
1 2 ,7 2 9
9 9 .9 2 1
8 7 ,5 7 2
6 3 5 ,5 5 7
1 5 0 ,3 0 7
1 ,0 2 2 ,6 0 7
3 2 8 ,2 3 5
1 ,7 7 5 ,4 9 4
£ 4 4 ,0 2 1
£ 1 2 ,7 9 8
£ 2 0 ,4 0 9
£ 1 4 ,4 6 5
£ 3 8 ,0 4 4
9 1 1 ,5 1 5
6 ,9 7 3 ,2 8 0
5 6 8 ,7 5 9
3 ,9 1 0 ,2 1 2
1 7 4 ,8 5 8
9 5 6 ,3 9 6
£ 2 2 ,0 2 1
£ 1 7 ,2 6 3
£ 5 ,2 6 1
£ 5 ,3 6 7
£ 7 ,1 4 0
£ 6 ,3 8 3
£ 5 ,5 6 5
£ 4 ,4 1 7
£ 1 4 ,6 8 1
£ 1 7 ,3 8 0
3 5 7 .6 0 1
3 3 8 ,6 3 6
2 ,6 6 8 ,7 0 9
2 ,4 5 4 ,3 7 6
2 6 5 ,5 2 9
1 ,7 4 9 ,1 0 1
7 0 ,4 1 9
4 9 ,7 0 6
4 3 3 ,4 8 4
3 0 7 ,9 1 0
2 6 ,0 0 5
4 7 ,0 5 9
1 6 ,1 2 1
1 1 ,9 2 7
9 3 ,9 5 8
8 6 ,3 5 6
2 9 ,1 2 3
2 0 2 ,3 7 2
—I n ! ., R e n ta ls, & c .—
C u rren t
P rev io u s
Y ear.
Y ea r.
P rev io u s
Y ea r.
a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c t in g t a x e s ,
b N e t e a r n in g s h e r e g iv e n a r e b e fo r e d e d u c t in g t a x e s ,
c T a x e s fo r 1 9 0 8 a r o In c lu d e d In t h e e x p e n s e s , b u t fo r 190 9 t h e y a r e In
fix e d c h a r g e s .
I n c lu d e s t h e g r o s s e a r n in g s o f t h e N o r f o lk C o u n ty F e r r ie s , le a s e fo r
w h ic h e x p ir e d A p r .l 1 1 9 0 9 .
d
$
M llw L t H t & T r a c t C o .J u l y
7 0 ,6 1 7
J a n 1 t o J u l y 3 1 _______
4 4 0 ,0 1 3
M o n tr e a l S t r e e t R y _____ A u g
5 9 ,0 2 7
O c t 1 t o A u g 3 1 _______
4 1 8 ,8 0 1
N o r O h io T r & L t _______A u g
4 3 ,7 0 3
J a n 1 to A u g 3 1 - ............
3 5 0 ,4 1 4
1 7 ,1 9 0
N o r T e x a s E l e c . . .............. J u ly
J a n 1 t o J u ly 3 1 _______
1 2 0 ,3 0 5
P a d u ca h T rac & L t C o .- J u ly
6 ,6 2 4
J a n 1 t o J u ly 3 1 _______
4 8 ,4 5 7
P e n n Y a n K e u k a P k & B r a n c h p ’t—
A p r 1 to J u n e 30
2 ,5 1 9
P e n s a c o la E le c tr ic C o ___ J u ly
4 ,3 0 5
J a n 1 to J u ly 3 1 _______
3 0 ,3 4 1
P o r t la n d ( O r e )R y L t & P A u g
_
1 2 4 ,9 8 1
9 8 2 /1 1 0
J a n 1 t o A u g 3 1 ..............
S t J o s(M o )R y L t H t & P A u g
2 1 ,7 5 8
J a n 1 t o A u g 3 1 _______
1 7 0 ,0 2 1
S a v a n n a h E le c t C o ______ J u ly
1 7 ,4 4 4
J a n 1 t o J u ly 3 1 _______
1 2 2 ,0 3 8
1 0 8 ,7 0 1
S e a t t l e E le c tr ic C o ______ J u ly
7 1 7 ,0 6 9
J a n 1 to J u ly 3 1 _______
4 ,7 0 0
T a m p a E le c tr ic C o ______ J u ly
3 2 ,7 2 2
J a n 1 to J u l y 3 1 _______
7 5 ,5 0 6
T o le d o R y s & L t C o ____ J u l y
5 0 1 ,0 7 4
J a n 1 t o J u ly 3 1 _______
1 4 0 ,2 5 1
T w in C ity R a p T r a n s C o .J u l y
9 6 8 ,0 0 9
J a n 1 to J u ly 3 1 _______
2 3 2 ,4 2 0
U n it e d R y s o f S t L o u i s .- A u g
J a n 1 t o A u g 3 1 _______ 1 ,8 6 9 ,5 0 0
W a s h B a lt o & A n n a p o lis A u g
2 9 ,1 6 6
J u ly 1 to A u g 3 1 . ............
5 9 ,0 5 5
W h a t c o m Co R y & L t - . J u l y
8 ,0 6 1
J a n 1 to J u l y 3 1 ..............
3 8 ,1 5 7
R oads.
3
A u r o r a E lg in & C h ic _____ A u g
2 9 ,3 5 1
J u l y 1 to A u g 3 1 _______
5 8 ,2 5 0
B in g h a m t o n S t R y _______A u g
9 ,1 3 5
J a n 1 t o A u g 3 1 _______
7 2 ,4 2 9
B r o c k t o n * P ly m o u th - - J u ly
1 ,6 7 5
1 3 ,0 4 4
J a n 1 t o J u ly 3 1 _______
C a p e B r e t o n E le c tr ic C o . J u ly
5 ,0 7 9
J a n 1 to J u ly 3 1 _______
3 6 ,0 2 1
C a r o lin a P o w e r & L t C o . J u l y
1 ,4 6 8
J a n 1 to J u l y 3 1 _______
9 ,7 0 7
C h a r le s to n C on s R y _____ A u g
1 3 ,9 1 7
M ch 1 to A u g 3 1 ..............
8 3 ,5 0 0
C le v c P la n e s v & E ’n ______A u g
8 ,3 2 8
J a n 1 t o A u g 3 1 ...............
6 6 ,8 2 0
C le v e S o u t h w * C o l______J u ly
2 5 ,4 1 3
J a n 1 to J u ly 3 1 _______
1 6 8 ,5 3 2
C o r tla n d C o . T r a c C o—
A p r 1 to J u n e 3 0 . ............
5 ,8 6 9
D a lla s E le c tr ic C o r p _____ J u ly
2 8 ,4 0 4
J a n 1 t o J u ly 3 1 _______
2 0 1 ,4 3 8
D e t r o it U n it e d ___________J u ly
1 6 2 ,0 5 0
J a n 1 t o J u ly 3 1 _______ 1 ,0 8 8 ,3 8 4
D u lu t h S t r e e t R y ________ J u l y
1 8 ,4 1 7
J a n 1 to J u ly 3 1 _______
1 2 8 ,9 1 7
E a s t S t L o u is & S u b _____ A u g
4 9 ,1 2 3
3 9 5 ,7 6 6
J a n 1 to A u g 3 1 _______
E l P a s o E le c tr ic C o _______J u ly
8 ,0 8 5
J a n 1 t o J u ly 3 1 _______
5 5 ,5 5 4
F a tr m & C la r k sb T r C o . J u l y
1 2 ,3 0 9
J a n 1 to J u ly 3 1 ..............
8 6 ,1 8 3
G a lv - H o u s t o n E le c C o . - J u l y
2 1 ,5 9 6
J a n 1 t o J u ly 3 1 _______
1 5 0 ,8 6 5
G ra n d R a p R y C o _______A u g
1 9 ,0 3 5
J a n 1 t o A u g . 3 1 . ............
1 5 1 ,8 1 2
H o n o lu lu R T r & L d C o .J u l y
6 ,1 4 4
J a n 1 to J u ly 3 1 _______
4 3 ,0 0 1
H o u g h t o n Co T r a c C o . - J u l y
6 ,2 4 2
J a n 1 to J u ly 3 1 _______
4 1 ,3 5 6
J a c k s o n v ille E le c tr ic C o . J u ly
9 ,3 6 7
J a n 1 t o J u ly 3 1 . ............
6 5 ,6 2 0
J a m e s t ’n C h a u ta u q & L E r ic —
A p r 1 to J u n e 3 0 _______
1 1 ,4 1 1
K a n s C it y - W e s t R y ____ J u n o
6 ,8 7 5
. J u ly 1 to J u n e 3 0 _______
8 2 ,4 4 2
L a k e S h o r e E le c t R y ___A u g
3 3 ,8 5 3
J a n 1 t o A u g 3 1 . ............
2 7 4 ,2 8 9
M llw E le c t R y & L t C o . J u l y
1 0 6 ,0 1 3
J a n 1 to J u ly 3 1 ...............
7 3 0 ,0 5 9
$
2 7 ,6 2 4
5 5 ,4 0 2
8 ,5 1 7
6 5 ,8 0 3
2 ,2 7 4
1 ,6 2 8 5
4 ,9 7 6
3 5 ,2 0 0
1 3 ,6 4 2
8 2 ,7 2 5
8 ,1 0 7
6 4 ,2 6 3
2 0 ,4 4 9
1 4 0 ,7 4 5
P rev io u s
Y ea r.
$
£ 5 0 ,6 9 0
cc1 5 7 ,3 5 5
1 1 2 ,6 2 0
9 9 5 ,5 7 7
7 1 ,6 3 4
2 9 6 ,8 6 1
3 2 ,1 8 8
1 8 1 ,2 3 0
936
1 ,4 0 5
S
£ 4 7 ,1 3 3
£ 1 5 7 ,9 0 1
1 1 1 ,3 9 8
9 2 7 ,3 8 0
5 0 ,0 0 4
1 6 6 ,1 5 5
2 2 ,1 0 3
1 1 7 ,1 0 3
530
2 ,0 7 8
1 ,8 3 5
4 ,2 6 9
2 9 ,5 0 9
1 1 4 ,1 9 1
9 2 4 ,2 2 8
2 0 ,8 3 7
1 6 4 ,1 7 4
1 7 ,5 0 7
1 1 9 ,3 3 9
9 4 ,8 5 9
6 1 2 ,8 7 3
2 ,4 2 7
1 6 ,0 9 2
7 1 ,7 5 1
4 9 1 ,8 8 7
1 2 8 ,3 6 1
8 7 7 ,7 8 9
2 3 4 ,5 5 1
1 ,8 5 2 ,9 5 2
994
6 ,5 5 3
3 0 ,3 2 6
1 1 4 ,0 7 0
6 8 6 ,6 6 9
2 4 ,5 9 9
1 3 0 ,7 8 0
121
1 ,5 6 2
1 7 8 ,8 5 7
5 8 3 ,5 3 7
1 2 ,0 6 9
1 0 5 ,7 7 7
£ 1 7 ,1 0 4
£ 1 4 3 ,9 3 6
2 2 2 ,2 7 2
1 ,0 2 2 ,0 9 8
1 2 5 ,1 8 1
7 9 9 ,2 0 9
d e f 3 ,1 6 1
d e f l 1 ,9 9 6
8 ,0 6 0
3 5 ,8 0 1
d ef 802
3 ,3 0 2
d e f .406
7 7 ,6 1 8
5 0 0 ,8 0 8
2 2 ,6 3 7
1 1 0 ,1 9 4
3 ,1 8 3
d e fl5 ,5 6 6
6 1 ,6 7 2
4 0 4 ,7 2 6
1 0 ,3 0 2
8 3 ,8 2 9
£ 1 5 ,9 1 2
£ 1 4 6 ,5 4 5
1 9 9 ,8 7 4
8 9 7 ,7 0 5
1 0 4 ,0 8 5
5 9 1 ,4 2 4
8 ,1 6 6
5 6 ,0 3 5
3 ,7 6 1
3 0 ,3 2 1
ANNUAL REPO R TS.
A n n u a l R e p o r t s .— T h e fo llo w in g is a n in d e x to a ll a n n u a l
r e p o r ts o f s te a m r a ilr o a d s, s tr e e t r a ilw a y s a n d m isc e lla n e o u s
c o m p a n ie s w h ic h h a v e b e e n p u b lish e d sin c e A u g . 2 8 .
T h is in d e x , w h ic h is g iv e n m o n t h ly , d o c s not in c lu d e
r e p o r ts in t o - d a y ’s “ C h r o n ic le .”
Electric Railways — (Con .)—
Page.
Inerborough R apid T ransit C o . .5 2 7 , 663
P hilad elphia R apid T ransit C o-------- 719
Q uebec lt y . L ight & P ow er C o.......... 722
Industrials —
A m erican Agricultural Chem ical C o. 527
Am erican H ide & L eather C o______ 592
Am erican L ocom otive C o....................... 591
A ssociated M erchants’ Co (h a lf-y r.). 665
C uban-Am er. Sugar C o., N . Y .
(R eport as of Aug. 1 0 )....................... 719
E d ison Electric Ilium . C o., B o s to n . 667
H om estak c M ining C o-------------------- 723
J u a n ita W ater & W ater-Pow er
H u ntingdon , P a ................................... 665
La B elle Iron W orks C o., W heel
ing W .V a ................................................. 724
R epublic Iron & S teel C o....................... 527
Torrlngton C o m pany.............................. 724
Electric Railways —
Am erican (E lectric) R y s ., P h l l a . . . 720 U . S . G lass C o., P ittsb u rg h , P a . 527, 592
B rooklyn R ap id T ransit C o............ 526, 539 W clsbach C o m p a n y ............................... 668
Railroads —
Page.
Canadian P acific..................................663, 726
Central of G eorgia............................... 526, 537
C hesapeake & O h io ______________ 525, 534
Chic. Indlanap. & L o u isv ille............... 720
Chicago Mllw. & S t. P a u l__________ 590
Chicago & N orth W estern .............. 663, 669
Cuba R ailroad.....................
661
D en ver & R io G rande__________ 589, 602
H ocking V a lley ....................................716, 725
K anaw ha & M ichigan.............................. 718
Louisiana & A rkan sas........ .............. 717, 729
M issouri K ansas & T e x a s ...................... 717
N a sh v ille C h att. & S t. L o u is ............. 718
N orfolk & W estern .............................590, 597
Som erset R a ilw a y ..................................... 722
W ashington C o u n ty ................................ 722
R e a d in g C o m p a n y .
—B a t. of N et E 'n g s .—
C urrent
P rev io u s
Y ea r.
Y ea r.
5
5 7 ,8 9 9
1 1 8 ,7 1 9
2 8 ,1 8 8
2 8 ,2 8 5
7 ,2 5 7
8 ,6 1 2
3 ,7 8 3
7 ,4 7 0
6 ,7 7 0
3 5 ,1 2 3
8 ,9 9 4
6 4 ,6 2 6
1 1 ,7 6 2
3 9 .7 2 2
8 ,7 1 8
1 4 ,6 3 1
C u rren t
Y ea r.
$
6 4 ,3 8 8
4 1 0 ,4 8 2
5 4 ,1 1 2
4 2 3 ,0 2 1
4 3 ,3 8 1
3 5 1 ,3 3 1
1 8 ,0 3 3
1 1 1 ,6 0 6
6 ,8 4 3
4 8 ,8 4 2
£ A f t e r a llo w in g fo r o t h e r In c o m e r e c e iv e d .
I n t e r e s t C h a rg e s a n d S u r p lu s.
~ I n t., R en ta ls, & c .—
C urrent
P rev io u s
Y ea r.
Y ea r.
— H al. o f N et E 'n g s .—
$
5 5 ,0 9 5
1 0 3 ,8 5 7
5 ,8 5 7
2 0 ,3 2 9
4 ,4 0 4
d e f 2 ,8 0 5
4 ,4 7 9
1 9 ,3 1 9
7 ,2 1 8
5 8 ,5 4 4
8 ,6 7 1
2 5 ,1 6 1
7 ,8 7 3
d e f 1 ,7 7 6
(Report for Fiscal Year ending June
3 0 1 9 0 9 .)
T h e r em a rk s o f P r e s id e n t G eorge F . B a e r , to g e th e r w ith
v a r io u s ta b le s , s h o w in g th e c o m p a n y ’s e a r n in g s, th e b a la n c e
s h e e t s , & c., w ill b e fo u n d on s u b s e q u e n t p a g e s , w h ile in th e
e d ito r ia l c o lu m n s is g iv e n a n a r tic le r e v ie w in g th e r e s u lts
for th e y e a r c o v e r e d b y t h e r e p o r t.
B e lo w a re th e c o m p a r a tiv e s t a t is t ic s for fo u r y ea rs:
P H I L A . & R E A D I N G R Y .— O P E R A T I O N S
M iles o p e r a te d J u n e 3 0 . .
E q u ip m e n t —
L o c o m o tiv e s ...................
P a s s , e q u ip m e n t c a r s —
F r e ig h t e q u ip m e n t c a r s .
S e r v lc e c a r s _____________
F lo a t in g e q u i p m e n t ____
d ef 774
d e f 438
6 ,8 2 9
437
5 9 ,0 6 5 d e f . 2 2 ,8 0 9
£ 1 5 5 ,7 5 4
£ 1 3 2 ,0 6 2
£ 6 8 8 ,1 9 8
£ 5 2 2 ,8 1 9
2 6 ,0 0 5
1 8 ,6 2 2
8 8 .7 2 3
5 6 ,1 2 5
3 7 ,1 3 3
3 2 ,5 6 3
1 7 8 ,2 2 9
2 2 5 ,8 8 2
9 ,0 7 3
4 ,2 6 0
7 2 ,3 3 3
3 6 ,1 9 4
£ 1 7 .9 2 3
£ 1 3 ,9 7 6
£ 7 9 ,4 5 6
£ 6 3 ,4 0 5
2 6 ,0 8 2
2 1 ,2 8 4
1 2 6 ,2 9 2
9 7 ,4 5 9
3 8 ,4 3 7
3 0 ,9 2 1
2 0 6 ,8 2 2
1 5 4 ,8 1 2
£ 1 1 ,1 4 9
£ 1 1 ,9 9 5
£ 6 1 ,8 6 5
£ 5 6 ,5 7 0
9 ,7 0 9
8 ,9 5 3
3 7 ,3 2 9
2 7 ,1 9 9
7 ,5 8 0
5 ,5 6 4
4 8 ,0 1 0
2 7 ,3 2 2
1 1 ,5 1 6
6 ,8 5 8
8 1 ,3 2 1
3 3 ,7 5 0
2 5 3 ,7 0 7
9 9 ,9 8 9
6 9 1 ,7 0 6
£ d e f 8 ,3 4 6 £ d e f l6 , 5 7 0
£ 3 ,9 2 7
£ 5 ,6 9 6
£ 4 7 ,2 4 5
£ 4 3 ,0 2 7
4 1 ,3 1 8
3 1 ,1 7 3
6 2 ,7 1 7
3 9 ,5 8 0
£ 8 6 ,8 8 4
£ 7 6 ,0 1 6
£ 4 8 6 ,7 8 4
£ 3 6 9 ,9 5 4
1 9 0 7 -0 8 .
1 ,0 0 7
1 9 0 6 -0 7 .
999
1 9 0 5 -0 6 .
1 ,0 0 0
1 ,0 1 2
864
4 2 ,2 0 4
817
132
1 ,0 2 3
888
4 4 ,6 7 6
805
138
1 ,0 0 1
892
4 0 ,9 7 0
813
133
1 ,0 1 5
896
4 0 ,7 0 8
819
134
O pcr. (excl. of co .’s m a t'l)R a t e p e r p a s s , p er m ll e .
6 ,8 1 4
2 9 ,8 3 1
2 0 7 ,7 3 8
1 3 5 ,9 7 8
9 4 8 ,9 5 1
1 8 ,4 1 7
1 2 8 ,9 1 7
5 0 ,7 1 3
3 9 7 ,8 6 8
7 ,2 0 9
5 0 ,3 0 3
1 1 ,4 8 7
8 0 ,4 3 1
2 0 ,0 8 5
1 4 2 ,8 0 9
1 8 ,8 1 9
1 4 7 ,4 9 0
6 ,1 2 2
4 3 ,0 8 8
4 ,6 3 4
3 3 ,0 4 3
9 ,3 0 4
6 5 ,3 3 4
E A R N IN G S , ETC .
1 9 0 3 -0 9 .
1 ,0 2 4
C o a l c a r r ie d 1 m ile , t o n s
M e r c h a n d is e c a r r ie d , to n s
do
1 m ile , t o n s _____
R a t e p er to n per m ile ___
E a r n in g s fr o m —
C o a l ..........................
M e r c h a n d is e .........................
P a s s e n g e r s _______________
M is c e ll a n e o u s ________ .
M a l l s ____________
O th e r s o u r c e s ( n e t ) ____
2 3 ,9 4 8 ,1 6 4
2 0 ,9 7 0 ,3 2 8
,8 7 8 ,1 8 6
2 9 ,6 5 0 ,1 5 3
,2 9 1 ,1 17 3 6 5 ,8 2 5 ,6 5 1 4 0 3 ,8 0 6 ,8 2 3 3 8 9 ,1 6 8 ,9 6 0
1 .6 0 5 c t s .
1 .5 8 4 c t s .
.6 6 5 c ts .
1 .5 9 7 c ts .
1 3 ,5 3 7 ,4 6 4
,5 8 6 ,8 3 9
1 3 ,2 2 3 ,7 8 0
1 1 ,8 5 6 ,8 7 1
1 0 ,8 1 6 ,4 3 9
,5 7 4 ,3 1 4
1 1 ,1 0 0 ,2 5 0
1 0 ,4 8 7 ,5 9 8
* 2 ,7 7 6 ,0 6 2
,5 6 1 ,5 6 7
* 2 ,7 0 9 ,7 4 5
* 2 ,5 1 7 ,8 9 6
,4 5 2 ,8 8 8
1 9 ,2 4 9 ,6 8 2
2 4 ,4 1 4 ,3 1 4
2 2 ,3 5 3 ,8 4 5
,3 4 6 ,7 8 1
* 1 ,4 1 5 ,5 5 3
* 1 ,7 2 8 ,7 7 9
* 1 ,5 8 5 ,6 3 8
0 .9 5 4 c ts
.0 0 6 Cts.
0 .9 4 6 Cts.
0 .0 5 9 c ts .
$
1 7 ,6 9 8 ,2 2 7
1 8 ,5 7 7 ,2 7 2
1 8 .7 3 0 ,1 9 0
1 7 ,1 9 8 ,2 4 7
1 3 ,5 4 6 ,7 2 7
1 3 ,5 0 2 ,9 2 6
1 5 ,2 2 0 ,4 4 1
1 6 ,3 6 0 ,1 7 0
6 ,1 8 2 ,4 2 1
6 ,2 1 6 ,3 1 6
6 ,2 1 1 ,9 ,3 4
6 ,3 9 9 ,1 7 3
9 0 2 ,2 4 1
1 ,5 1 4 ,3 4 7
1 ,4 6 8 ,9 4 9
1 ,0 6 6 ,2 0 8
1 1 8 ,5 1 2
1 2 0 ,7 9 5
1 1 7 ,8 0 1
1 2 0 ,5 3 7
8 5 2 ,6 5 8
9 0 5 ,6 8 4
4 3 6 , 3 12
1 ,0 2 3 ,6 5 6
3 0 ,1 9 6 ,5 4 6
O perating E x p en ses —
3 , 3 1 9 ,8 0 0
M a in te n a n c e o f w a y , &c.
7 .5 5 3 ,6 3 3
M a in te n a n c e o f c q u lp ’t .
T r a n s p o r ta tio n e x p e n s e s 1 1 ,8 2 9 ,7 0 5
4 3 6 ,1 9 4
T r a ffic e x p e n s e s .................
6 8 6 ,3 4 6
G en er a l ...................................
1 ,8 0 5 ,7 2 2
4 0 ,9 0 2 ,5 3 8
4 3 ,5 2 8 ,0 3 6
4 0 ,5 0 3 ,7 2 5
3 ,8 0 3
8 ,0 9 4
1 2 ,4 3 7
451
672
937
3 ,6 0 6 ,1 0 2
7 ,9 7 1 ,5 4 4
1 3 ,5 6 4 ,8 5 4
3 ,1 9 5 ,1 5 2
6 ,3 3 0 ,8 8 2
1 1 ,8 9 6 ,3 6 9
7 4 6 ,7 4 1
1 ,8 4 7 ,9 3 4
7 1 4 ,7 6 8
3 ,5 3 9 ,3 5 2
2 5 ,6 3 1 ,4 0 0
1 3 ,8 6 5 ,1 4 6
(1 7 7 0 ,7 1 5
2 6 ,3 9 5 ,9 5 6
1 4 ,5 0 6 ,5 8 2
1 ,7 6 2 ,0 5 7
2 7 ,7 3 7 ,2 6 5
1 5 ,7 9 1 ,6 7 1
2 5 ,6 7 6 ,5 2 3
1 4 ,8 8 7 ,2 0 2
1 4 ,6 3 5 ,8 6 1
1 0 ,0 7 6 ,3 1 5
1 6 ,2 6 8 ,6 3 9
9 ,0 2 3 ,0 0 0
1 5 ,7 9 1 ,6 7 1
9 ,7 4 7 ,2 4 6
1 4 ,8 8 7 ,2 0 2
9 ,5 0 2 ,7 2 0
4 ,5 5 9 ,5 4 6
6 ,3 4 5 ,6 3 9
6 ,0 4 4 .4 2 5
5 ,3 8 4 ,4 7 3
F ix e d c h a r g e s ................
• 0 0 0 ’s
a O th e r
4 2 9 ; h ir e
$ 1 5 8 ,9 3 4 ;
$ 7 7 0 ,7 1 5 .
,0 4 5
,4 0 7
,3171
,2 7 5 /
,251
,6 6 0
o m it t e d .
In c o m e In 1 9 0 8 -0 9 Is d e r iv e d a s fo llo w s : R e n t o f p r o p e r ty , $ 9 8 ,
o f e q u ip m e n t , $ 5 6 5 ,9 7 0 ; In c o m e fr o m s e c u r it ie s , I n te r e s t, & c..
t o t a l , $ 8 2 3 ,3 3 3 ; d e d u c t in g r e n ta ls , $ 5 2 ,6 1 8 ; le a v o s b a la n c e o f
utf
P I I I L A . A H E A D IN G C O A L A I R O N CO . IN C O M E A C C O U N T .
1 9 0 8 -0 9 .
$
A n t h r a c it e c o a l _________ 3 3 ,4 1 1 ,2 7 7
lllt u m ln o u s c o a l ________
9 0 9 ,8 0 9
C o a l r e n ts a n d m i s c e l . - .
4 7 1 ,6 0 0
1 9 0 7 -0 8 .
$
3 6 ,0 6 9 ,4 8 1
8 5 9 ,0 1 2
4 8 5 ,9 2 8
1 9 0 0 -0 7 .
$
3 7 ,3 5 2 ,8 0 5
9 2 6 ,1 0 4
4 6 8 ,6 5 3
1 9 0 5 -0 6 .
$
3 2 ,8 5 5 ,2 2 9
6 8 3 ,8 2 3
4 9 9 ,4 8 8
E a r n i n g s _____________ 3 4 ,7 9 2 ,6 9 4
E xpenses—
F ix e d c h a r g e s a n il t a x e s
1 0 0 ,8 7 6
M in in g c o a l a n d r e p a ir s . 1 8 ,0 9 1 ,7 6 9
C oal p u r c h a s e d ( a n t h .) .
2 ,1 1 1 ,2 4 0
C oal p u r c h a s e d (b lt u m .)
8 3 8 ,1 6 9
R o y a l t y le a s e d c o llie r ie s
5 9 4 ,1 8 2
T ran sp . ot coal b y r a ti..
7 ,9 0 9 ,0 2 0
do
do
b y w a t e r ___
1 ,1 7 0 ,4 0 8
H a n d lin g c o a l a t d e p o t s ,
t a x e s o n c o a l la n d s ,
I m p s ., c o a l s o ld from
s t o c k a n d m ls c c l-------* 1 ,3 3 0 ,1 7 5
C o llie r y I m p r o v e m e n t s .
1 ,1 7 2 ,2 0 5
D e p le tio n c o a l la n d s fu n d
4 6 5 ,7 0 8
I n t . o n R e a d in g C o. lo a n
9 3 5 ,0 0 3
3 8 ,0 1 4 ,4 2 1
3 8 ,7 4 7 ,5 6 2
3 4 ,0 3 8 ,5 4 0
1 1 7 ,2 4 8
1 9 ,0 2 6 ,3 3 4
2 ,4 9 7 ,4 8 7
8 0 4 ,6 5 4
6 6 7 ,7 2 2
9 ,1 8 8 ,7 1 5
1 ,4 6 3 ,3 6 8
1 1 5 ,0 7 5
1 8 ,7 4 1 ,7 2 9
2 ,4 9 4 ,4 6 3
8 4 1 ,9 9 1
6 7 7 ,1 4 4
8 ,8 1 9 ,3 9 7
1 ,3 4 0 ,0 7 2
1 1 8 ,4 6 6
1 6 ,9 0 4 ,9 1 5
2 ,2 9 6 ,8 2 5
6 4 9 ,3 1 2
6 2 0 ,2 1 7
7 ,4 1 3 ,7 1 4
1 ,1 3 8 ,4 8 2
6 5 6 ,5 2 3
1 ,2 8 6 ,0 1 1
5 1 4 ,3 5 0
1 ,5 8 4 ,4 8 5
2 ,3 6 0 ,9 7 1
1 ,3 4 5 ,2 2 9
4 9 9 ,0 5 9
1 ,5 8 3 ,9 1 4
1 ,8 5 4 ,4 6 9
1 ,1 3 1 ,0 3 8
4 5 8 ,5 4 1
1 ,5 8 3 ,3 0 4
E a r n in g s —
T o t a l e x p e n s e s ----------- 3 4 ,7 2 5 ,7 2 0
3 7 ,8 0 6 ,8 0 7
3 8 ,8 1 9 ,0 4 4
3 4 ,1 6 9 ,2 8 3
B a la n c e , s u r . o r d e f ------- s u r .6 0 ,9 7 4 s u r . 2 0 7 ,5 2 4 (le t. 7 1 ,4 8 2 d c f . 1 3 0 ,7 4 3
* In 1 9 0 8 -0 9 t h is ite m a m o u n t e d to $ 1 ,8 0 9 ,0 4 2 , less $ 4 7 8 ,8 0 7 c o a l a d d e d
to s t o c k — $ 1 ,3 3 0 ,1 7 5 ; in 1 9 0 7 -0 8 , $ 1 ,8 5 7 ,4 4 9 less $ 1 ,2 0 0 ,9 2 7 a d d e d to
s t o c k — $ 6 5 6 ,5 2 3 .
R E A D I N G C O ., P H I L . A R E A D I N G R Y . C O . A N D P I I I L . A R E A D
I N G C O A L A IR O N C O .— C O N S O L ID A T E D IN C O M E A C C O U N T .
1 9 0 8 -0 9 .
$
N e t P lU la . & R e a d . R y . 1 4 ,6 3 5 ,8 6 1
B a la n c e , C oal & Ir o n C o.
1 7 3 ,8 5 0
9 ,0 7 6 ,1 5 3
R e a d in g C o. I n c o m e ____
1 9 0 7 -0 8 .
S
1 6 ,2 6 8 ,6 3 9
3 2 4 ,7 7 2
7 ,5 9 2 ,3 3 4
1 0 0 6 -0 7 .
$
1 5 ,7 9 1 ,6 7 1
4 3 ,5 9 3
7 ,4 3 8 ,5 9 0
1 9 0 5 -0 6 .
$
1 4 ,8 8 7 ,2 0 1
d c f . 1 2 ,2 7 9
7 ,0 2 0 ,4 0 2
T o t a l ..........................
2 3 ,8 8 5 ,8 0 4
D educt —
R e a d in g C o. e x p e n s e s . .
3 3 ,9 7 3
R e a d . C o. d i g s . , t a x e s &
g e n . m tg . s in k . f u n d . .
5 ,0 9 9 ,4 5 4
P h lla . & R e a d . R y . In t.
o n b o n d s a n d t a x e s . . . 1 0 ,0 7 6 ,3 1 5
P h lla . & R . C. & I. C o.
I n t e r e s t a n d t a x e s ____
1 0 6 ,8 7 6
2 4 ,1 8 5 ,7 4 5
2 3 ,2 7 3 ,8 5 3
2 1 ,8 0 5 ,3 2 4
9 7 ,1 9 0
8 3 ,5 3 8
9 5 ,5 9 5
5 ,1 4 4 ,2 4 0
5 ,0 3 0 ,8 9 8
4 ,8 3 7 ,5 6 5
9 ,9 2 3 ,0 0 0
9 ,7 4 7 ,2 4 6
9 ,5 0 2 ,7 2 9
1 1 7 ,2 4 8
1 1 5 ,0 7 5
1 1 8 ,4 6 6
T o t a l .................................... 1 5 ,3 1 6 ,6 1 8
1 5 ,2 8 1 ,6 8 7
8 ,9 0 4 ,0 5 8
1 ,1 2 0 ,0 0 0
1 ,6 8 0 ,0 0 0
2 ,8 0 0 ,0 0 0
1 4 ,0 7 6 ,7 5 7
8 ,2 9 7 ,0 9 6
1 ,1 2 0 ,0 0 0
1 ,6 8 0 ,0 0 0
2 ,8 0 0 ,0 0 0
1 4 ,5 5 4 ,3 5 5
7 ,3 4 0 ,9 6 9
1 ,1 2 0 ,0 0 0
1 ,6 8 0 ,0 0 0
2 ,8 0 0 ,0 0 0
Surplus_______________
8,569,246
R E S U L T S O F P R E V I O U S Y E A R S — O LD B A S I S .
„
1 9 0 6 -0 7 .
1 9 0 5 -0 6 .
1 9 0 4 -0 5 .
G ro ss e a r n i n g s . ................. ............................... $ 1 4 ,0 3 5 ,3 0 9 $ 1 2 ,9 4 3 ,7 5 0 $ 1 1 ,9 2 6 ,0 0 0
O p e r a tin g e x p e n s e s a n d t a x e s ________
9 ,6 1 2 ,9 9 3
8 ,3 1 0 ,9 4 5
7 ,6 7 6 ,5 2 8
N e t e a r n i n g s . .............. .................................. $ 4 ,4 2 2 ,3 1 6
N e t r e n ta ls p a i d _______________________
$ 1 2 2 ,5 2 7
N e t I n t. o n d e b t ( le s s o t h e r I n c o m e ) . .
1 ,4 5 6 ,5 5 5
D iv id e n d o n p r e fe r r e d s t o c k ( 7 % ) . . .
7 8 7 ,9 7 6
D iv id e n d o n c o m m o n s t o c k ( 7 % ) _____
1 ,2 9 8 ,9 1 6
A p p r o p r ia tio n fo r I m p r o v e m e n t s ____
__________
S u r p lu s o f R a ilr o a d C o ............................
N e t fr o m la n d s a le s ......... ...............................
$ 7 5 6 ,3 4 1
$ 6 7 ,3 7 9
$ 4 ,6 3 2 ,8 0 6
$ 1 2 3 ,4 9 9
1 ,4 9 1 ,1 6 6
7 8 7 ,9 7 6
1 ,2 9 8 ,8 8 5
6 0 0 ,0 0 0
$ 4 ,2 4 9 ,4 7 2
$ 1 2 4 ,2 7 6
1 ,4 8 4 ,0 6 6
7 8 7 ,9 7 6
1 ,2 9 8 ,8 8 5
4 0 0 ,0 0 0
$ 3 3 1 ,2 8 0
$ 7 6 ,1 4 2
$ 1 5 4 ,2 6 9
$ 7 1 ,1 9 7
G E N E R A L B A L A N C E S H E E T J U N E 30.
A s s e ts —
1909.
1908.
R o a d a n d e q u i p m e n t . . .$ 6 3 , 4 4 6 , 7 8 5 $ 6 3 ,2 1 1 ,2 7 7
S e c u r it ie s o w n e d ------------6 ,3 6 7 ,2 2 5
6 ,1 9 4 ,7 2 0
8 2 7 ,9 9 6
6 9 7 ,1 6 2
p a s h - - - - - - - .............
M a te r ia l a n d f u e l ----------7 7 5 ,1 5 5
1 ,0 3 6 ,1 6 3
S ta tio n a g e n ts, co n d u c
t o r s , U . S . G o v ’t , & c .
4 3 8 ,0 5 4
4 8 5 ,0 5 0
1907.
1906.
$ 6 2 ,4 0 8 ,6 1 1 $ 6 1 ,2 3 5 ,0 8 4
6 ,8 6 6 ,1 3 7
6 ,9 4 9 ,0 1 5
4 3 5 ,4 8 5
1 ,0 4 5 ,7 4 3
1 ,0 3 3 ,5 3 0
9 4 3 ,2 5 2
5 1 0 ,5 7 4
2 8 1 ,4 1 1
T o t a l a s s e t s -----------------$ 7 1 ,8 5 5 ,2 1 6 $ 7 1 ,6 2 4 ,3 7 3 $ 7 1 ,2 5 4 ,3 3 7 $ 7 0 ,4 5 4 ,5 0 4
L ia b ilitie s —
C o m m o n s to c k & s c r i p . . $ 2 1 ,4 0 3 ,2 9 3 $ 2 1 ,4 0 3 ,2 9 3 $ 2 1 ,4 0 3 ,2 9 3 $ 2 1 ,4 0 3 ,2 9 3
P r e f. s t o c k & s c r ip --------- 1 2 ,6 4 6 ,8 3 3
1 2 ,6 4 6 ,8 3 3
1 2 ,6 4 6 ,8 3 3 1 2 ,6 4 6 ,8 3 2
F u n d e d d e b t . --------------- 2 8 , 5 2 4 ,0 9 7
2 8 ,4 5 9 ,0 9 1
2 8 ,1 8 2 ,5 0 9 2 7 ,9 5 1 ,8 5 3
S u p e r io r S h . L in e b o n d s
1 ,5 0 0 ,0 0 0 1 ,5 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
I n t e r e s t o n b o n d s . ............
2 1 8 ,1 7 2
2 2 3 ,7 4 4
2 3 0 ,2 8 4
2 2 9 ,5 9 4
9 7 1 ,4 1 2
7 1 4 ,4 7 2
1 ,0 7 2 ,0 1 0
1 , 149,279
V o u c h e r s a n d p a y - r o ll s .
D u e o th e r c o m p a n ie s ...
1 8 4 ,4 7 6
3 5 5 ,9 7 8
2 1 4 ,9 0 2
1 3 9 ,2 1 0
D i v i d e n d s ------------------1 ,0 4 3 ,4 5 5
1 ,0 4 3 ,4 5 5
1 ,0 4 3 ,4 5 5
1 ,0 4 3 ,4 3 0
C o u p . & d i v s . u n p d .,& c .
5 2 ,5 9 5
4 5 ,0 7 3
5 2 ,9 1 9
44,977
T a x e s ----------4 3 7 .2 0 6
4 4 2 ,0 2 2
4 6 7 ,0 8 9
4 1 5 .7 2 5
E q u ip m e n t f u n d . ..............
3 3 4 ,6 2 4
3 4 1 ,1 2 6
3 1 4 ,5 9 4
1 0 1 ,8 1 5
F u n d fo r I m p r o v e m e n t s
7 2 ,8 8 7
1 8 0 ,5 6 7
2 7 0 ,2 3 7
7 9 6 ,0 0 4
D e fe r r e d p a y ’ts o n e q u ip .
5 8 7 ,5 0 2
6 0 0 ,4 5 0
. . .
.
.
In c o m e a c c o u n t R R . C o.
3 ,3 0 9 ,3 0 2 3 ,1 3 3 ,9 7 2
3 ,3 6 7 ,8 6 1
2 ,6 1 1 ,5 2 0
I n c o m e a c c t . la n d d e p t .
5 6 9 ,3 6 1
5 3 4 ,2 9 4
4 8 8 ,3 5 0
4 2 0 ,9 7 0
T o t a l l i a b i l i t i e s . ............$ 7 1 ,8 5 5 ,2 1 6 $ 7 1 ,6 2 4 ,3 7 3 $ 7 1 ,2 5 4 ,3 3 7 $ 7 0 ,4 5 4 ,5 0 4
— V . 8 9 , p. 162.
M in n e a p o lis S t . P a u l & S a u lt S t e . M arie R y .
( R e p o r t f o r F i s c a l Y e a r e n d i n g J u n e 30 1 9 0 9 .)
P r e sid e n t E . P e n n in g to n s a y s in su b s ta n c e :
C hanges in 1 9 0 8 F ig u re s. — T h e fig u r e s fo r 1 9 0 8 h a v e b e e n r e v is e d In d e
ta il t o a g r e e w it h t h e r e q u ir e m e n ts o f t h e I n t e r - S t a t e C o m m e r c e C o m m is
s io n , s o a s t o m a k e m o r e p e r fe c t a c o m p a r is o n w it h t h e c u r r e n t llg u r e s ; t h is
r e v is io n d o e s n o t a f fe c t t n c fin a l r e s u lt s .
G eneral R e su lts. — T h e g r o s s e a r n in g s , w h ile n o t e q u a l t o t h o s e o f 1 9 0 7 ,
5 ,6 0 0 ,0 0 0
T o t a l d i v id e n d s _____
5 ,6 0 0 ,0 0 0
5 ,6 0 0 ,0 0 0
5 ,6 0 0 ,0 0 0
n e v e r th e le s s s h o w t h e s u b s t a n t ia l In c r e a se o f $ 1 ,1 6 0 ,2 3 2 o v e r 1 9 0 8 .
The
S u r p lu s , a ll c o m p a n ie s 2 ,9 6 9 ,2 4 6
3 ,3 0 4 ,0 5 8
2 ,6 9 7 ,0 9 6
1 ,7 4 0 ,0 6 9
o p e r a tin g e x p e n s e s w e r e 5 6 .3 % o f t h e g r o s s e a r n in g s , c o m p a r in g w it h 63%
— V . 89, p . 42.
fo r t h e p r e c e d in g y e a r ; a n In c r e a s e o f $ 1 ,2 7 5 ,8 2 1 is s h o w n in t h e n e t e a r n
in g s a n d $ 5 3 2 ,7 7 5 In t h e s u r p lu s I n c o m e .
C h ic a g o S t . P a u l M in n e a p o lis & O m a h a R y .
N ew L in e — T e r m in a ls . — T r a c k la y in g o n t h e B r o o t e n - D u lu t h L in e w a s
c o m p le t e d J u ly 28 1 9 0 9 a n d t h e llr s t tr a in - lo a d o f g r a in m o v e d In to D u lu t h
( R e p o r t f o r F i s c a l Y e a r e n d i n g J u n e 30 1909.)
v ia t h e n e w r o u t e S e p t . 1 0 .
T h e c o m p a n y h a s a c q u ir e d a t v e r y r e a s o n a b le c o s t e x t e n s i v e a n d v a l u a
President W. A. Gardner says in substance:
b le t e r m in a l p r o p e r tie s a t D u lu t h a n d S u p e r io r , a n d im p r o v e m e n t o f t h e
C om parative In co m e. — A s c o m p a r e d w it h t h e p r e v io u s y e a r , r e v e n u e s a m e Is b e in g a c t i v e ly p r o s e c u te d .
fr o m t r a n s p o r t a t io n In c r e a se d $ 6 7 4 ,8 6 9 a n d n e t o p e r a tin g r e v e n u e In c r e a se d
F o r se v e r a l y e a r s p a s t t h e w o r k o f a c q u ir in g t e r m in a l p r o p e r tie s a t S t .
$ 3 4 0 ,2 9 2 .
O th e r In c o m e d e c r e a s e d $ 9 3 ,4 5 2 .
I n t e r e s t o n fu n d e d d e b t In
P a u l a n d M in n e a p o lis h a s b e e n q u i e t l y c a r r ie d o n , a n d t h e c o m p a n y h a s
c r e a s e d $ 2 3 ,7 2 6 a n d “ a ll o t h e r d e d u c t io n s ” In c r e a se d $ 4 1 ,9 3 0 . T h e n e t
n o w s e c u r e d te r m in a ls a n d r ig h t o f w a y t o t h e s a m e w h ic h g iv e s I n d e p e n
c o r p o r a te I n c o m e (“ s u r p lu s a f t e r c h a r g e s" ) I n c r e a s e d $ 1 5 7 ,1 8 5 .
d e n t e n t r a n c e In to b o t h c it ie s . T o g a in a c c e s s to t h e S t . P a u l p r o p e r tie s
W h ile t h e a v e r a g e r a te p a id p e r p a s s e n g e r p e r m ile d e c r e a s e d fr o m
I n v o lv e d t h e c o n s tr u c t io n o f a 6 0 0 - fo o t t u n n e l . T h is w o r k w a s b e g u n In
1 .9 7 9 c t s . t o 1 .9 4 5 c t s . , p a s s e n g e r r e v e n u e in c r e a s e d 8 .1 4 % , p a s s e n g e r s
t h e y e a r 1 9 0 8 , a n d Its c o m p le t io n , t o g e t h e r w it h t h e c o n s tr u c t io n o f y a r d
c a r r ie d In c r e a s e d 5 .9 4 % , p a s s e n g e r s c a r r ie d o n e m ile 1 0 .0 5 % ; m ile a g e o f
tr a c k s a n d f r e ig h t s ta t i o n , Is e x p e c t e d b y J a n . 1 1 9 1 0 .
r e v e n u e p a s s e n g e r a n d m ix e d tr a in s I n c r e a s e d 5 .5 4 % .
F r e ig h t r e v e n u e
C o n str u c tio n o f a lin e fr o m M o o se L a k e , M in n , (a p o in t o n t h e B r o o t e n I n c r e a s e d 4 .2 4 % ; to n s o n o m ile I n c r e a s e d 2 .8 8 % ; a v e r a g e r e v e n u e p e r t o n
D u lu t h L in e ) , to P lu m m e r , M in n ., a b o u t 2 0 0 m ile s , Is n o w u n d e r w a y ;
p e r m ile In c r e a s e d 1 .3 5 % ; m ile a g e o f r e v e n u e f r e ig h t a n d m ix e d tr a in s
t h is lin e r u n s th r o u g h s o m e o f t h e b e s t tim b e r a n d fa r m in g la n d s In t h e
d e c r e a s e d 2 .5 1 % .
n o r th e r n p a r t o f t h e S t a t e , a n d w h e n c o m p le t e d w ill p r o v id e t h e s h o r t e s t
C h a rg e s p e r ta in in g to m a in t e n a n c e o f w a y a n d s tr u c t u r e s In c lu d e d
r o u t e fr o m W in n ip e g to C h ic a g o .
$ 8 1 ,3 5 0 fo r r a il, $ 1 7 6 ,1 2 7 fo r t ic s a n d t h e c o s t o f b a lla s t in g 8 4 .0 2 m ile s
C ontrol o f W isco n sin C en tra l. — O n A p ril 1 , b y t h e e x p e n d it u r e o t $ 3 , 6 6 1 ,
w it h g r a v e l, c in d e r s o r s la g , a ls o p a r t c o s t o f r e p la c in g 1 ,4 8 7 f e e t o f w o o d e n
1 2 1 , t h e c o m p a n y a c q u ir e d a b o u t 51 % o f t h e o u t s t a n d in g c o m m o n s to c k
b r id g in g w it h p e r m a n e n t w o rk ; 5 ,0 4 0 t o n s o f n e w a n d r e -r o lle d s t e e l r a ils
o f t h e W is c o n s in C e n tr a l R y .
B y a g r e e m e n t w it h t h e o w n e r s o f a m a
a n d 4 7 2 ,7 9 1 t ic s w e r e la id In t h e t r a c k .
j o r it y o f t h e p r e fe r r e d s h a r e s o f t h a t c o m p a n y , th e r e w a s e ff e c te d a n e x
F u n d [or E q u ip m e n t R ep la cem en ts. — T h e b a la n c e t o t h e c r e d it o f t h is
c h a n g e o f S o o L in e le a s e d lin e c e r t ific a te s fo r W isc o n s in C e n tr a l p r e fe r r e d
fu n d o n J u n e 3 0 1909 w a s $ 3 3 4 ,6 2 4 , a s fo llo w s :
B a la n c e t o c r e d it J u n e 3 0
s h a r e s , t h e la tt e r b e in g tr a n sfe r r e d t o t h e M in n e a p o lis S t . P a u l & S a u lt S t e .
1 9 0 8 , $ 3 4 1 ,1 2 6 ; fro m c h a r g e s to d e p r e c ia t io n a n d r e n e w a ls , $ 4 0 5 ,9 0 1 ; fro m
M a rie R y . to b e c o m e Its p r o p e r ty d u r in g t h e fu ll t im e o f a 9 9 - y e a r le a s e ,
s a lv a g e o f e q u ip m e n t d e s t r o y e d , $ 9 7 ,4 5 4 ; t o t a l , $ 8 4 4 ,4 8 1 .
L ess ch a rg es
w h ic h w a s m a d e a c o n c u r r e n t p a r t o f t h e t r a n s a c t io n . T h e t o t a l Issu e o f
m a d e d u r in g t h e y e a r fo r r e p la c e m e n ts (1 2 lo c o m o t iv e s a n d 5 0 0 b o x c a r s ) ,
W is c o n s in C e n tr a l p r e fe r r e d s h a r e s w a s $ 1 2 ,5 0 0 ,0 0 0 , o f w h ic h $ 1 ,2 3 2 ,8 9 6
$ 5 0 9 ,8 5 7 ; b a la n c e u n e x p e n d e d J u n e 3 0 1 9 0 9 , $ 3 3 4 ,6 2 4 .
r e m a in e d In th e c o m p a n y ’s t r e a s u r y , l e a v i n g $ 1 1 ,2 6 7 ,1 0 4 a v a ila b le fo r e x
F u n d e d D ebt. — T h e fu n d e d d e b t w a s I n c r e a s e d $ 1 4 0 ,0 0 5 b y t h e I s su a n c e
ch an ge.
O f th is o u t s t a n d in g s to c k th e r e h a s b e e n d e p o s ite d a n d e x c h a n g e d
o t t h a t a m o u n t o f c o n s o lid a t e d m o r tg a g e 6% b o n d s , a t $ 1 5 ,0 0 0 p e r m ile ,
a b o u t $ 1 0 ,2 8 2 ,4 0 0 .
( S e e W isc o n s in C e n tr a l, V . 8 8 , p . 2 3 2 , 6 2 6 .)
o n t h e e x t e n s io n o p e n e d fo r t r a ffic J a n . 1 1 9 0 9 fr o m D r a p e r to K e n n e d y ,
B y v ir t u e o f t h is l e a s e , t h e S o o L in e s e c u r e d e n t r a n c e to t h e c it i e s o f
W l s ., 9 .3 3 m ile s .
H u d s o n & R iv e r F a lls R y . 8% b o n d s , $ 1 2 5 ,0 0 0 , w h ic h
C h ic a g o a n d M ilw a u k e e , a n d In c o n n e c tio n w it h t h e C a n a d ia n P a c ific R y .
m a tu r e d J u ly 1 1 9 0 8 , w e r e r e d e e m e d a n d a lik e a m o u n t o f c o n s o l m tg e
m a k e s p o s s ib le th r o u g h t r a in s fr o m C h ic a g o t o V a n c o u v e r , S p o k a n e , S e
6s w a s s o ld . C o n s o lid a te d m t g e . 6 s t o t h e a m o u n t o f $ 1 1 6 ,0 0 0 w e r e a lso
a t t l e a n d N o r th P a c ific C o a s t p o in t s . T h e W is c o n s in C e n tr a l h a d u n d e r
Issu e d In e x c h a n g e fo r $ 1 0 6 ,0 0 0 C h ic a g o S t . R a u l & M in n e a p o lis R v . a n d
c o n s tr u c t io n a lin e In to S u p e r io r a n d D u lu t h , a n d h a d a c q u ir e d te r m in a ls In
$ 1 0 ,0 0 0 N o r t h W isc o n s in R y . fir st 6 s .
b o t h c it ie s . T h is lin e w ill b e c o m p le t e d t h is fa ll a n d w ill p r o v id e t h e S o o
L in e w ith t h e s h o r t e s t r o u te b e t w e e n C h ic a g o a n d D u lu t h .
S t a t i s t i c s .— The operations, earnings, expenses, charges,
N ew S to c k . — T o p r o v id e fo r t h e p u r c h a s e o f t h e W is c o n s in C e n tr a l s t o c k ,
&c., were as follows:
a n d fo r t h e p u r c h a s e a n d im p r o v e m e n t o f te r m in a ls a t M in n e a p o lis , S t
P a u l, D u lu t h a n d S u p e r io r , t o g e t h e r w it h a d d it io n a l e q u ip m e n t r e q u ir e d ,
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
1 9 0 6 -0 7 .
1 9 0 5 -0 6 .
A v e r a g e m ile s o p e r a t e d .
1 ,7 3 4
1 ,7 2 5
1 ,7 0 5
1 ,6 9 3
$ 6 ,0 4 8 ,0 0 0 o f t h e c o m p a n y ’s c a p ita l s to c k ( $ 2 ,0 1 6 ,0 0 0 p r e fe r r e d a n d $ 4 ,
0 3 2 ,0 0 0 c o m m o n .— E d .) w a s o lfc r e d a t p a r t o s h a r e h o ld e r s o f r e co r d A p r il
O perations —
12 1 9 0 9 , t o b e p a id fo r in 5 e q u a l in s t a llm e n t s . T h e e n t ir e Issu e w a s f u lly
P a s s e n g e r s c a r r ie d _____
3 , 9 8 5 ,0 7 0
3 ,7 6 1 ,7 8 7
3 ,1 8 2 ,8 3 5
2 ,9 5 1 ,6 4 2
s u b s c r ib e d for; fo u r o f t h e I n s ta llm e n t s h a v e b e e n p a id , t h e fif th n o t fa llin g
P a s s e n g e r m ile a g e _____ 2 0 5 ,1 8 2 ,1 9 0 1 8 0 ,4 3 6 ,7 0 9 1 6 5 ,5 3 1 ,6 4 9 1 4 5 ,3 0 4 ,4 1 5
du
R a to p e r p a s s , p e r m il e .
1 .9 4 5 c t s .
1 .9 7 9 c t s .
2 .2 0 1 c t s .
_ ______ e u n til O c t. 15 (V . 8 8 , p . 7 4 9 , 8 2 3 ; V . 8 9 , p . 2 8 7 ).
O utlook. — A g r a in c r o p o f g o o d a v e r a g e q u a n t i t y a n d q u a lit y h a v in g j u s t
* F r e ig h t (to n s ) c a r r ie d .
6 ,5 9 9 ,1 0 4
6 , 6 2 4 ,8 5 0
7 ,3 5 2 ,6 0 4
0 ,4 3 5 ,9 2 5
b e e n h a r v e s te d s e e m s t o a s s u r e a n e x c e l l e n t b u s in e s s fo r t h e c u r r e n t fisc a l
* F r e ig h t ( t o n s ) m ll c a g c .0 5 5 ,3 5 8 ,1 5 0 9 2 8 ,0 3 7 ,2 2 6 1 0 0 5 ,9 2 4 ,8 2 8 9 4 0 0 8 1 ,8 3 7
year.
A v . r a te p e r t o n p e r m ile 0 .9 0 3 c t s .
0 .8 9 1 c t s .
__________
_________
E x p e n d itu re s A cco u n t o f C o n stru ctio n a n d E q u ip m e n t , A g g reg a tin g $ 3 ,8 2 7 ,6 6 3 .
A v . t o n s f r ’t p e r tr . irillc
245
23;
238
225
$1 18
$1 19
A v . e a r n s , p e r p a s s . tr. m .
$1 10
M in n e a p o lis
t e r m in a ls ............$ 3 4 , 7 6 1 1D u lu t h & T h u n d e r B a y R y . $ 1 3 3 ,0 2 3
A v . e a r n s , p e r f r ’t tr. m
$2 08
$2 22
$2 10
S t . P a u l t e r m in a ls ----------------- 2 4 9 ,7 5 2 A d v a n c e s a c c ’t n e w l in e s ___ 1 5 3 ,2 9 9
* R e v e n u e f r e ig h t o n ly .
S u p e r io r & D u lu t h t e r m in a ls .9 8 8 , 7 6 4 1B e t t e r m e n t to m a in l in e ____ 2 3 4 ,1 1 2
S u p e r io r l i n e ____ ____________1 ,5 8 8 ,8 2 0 N e w e q u i p m e n t _____________ 2 3 7 ,4 1 3
IN T E R -S T A T E C O M M E R C E C O M M IS S IO N C L A S S IF IC A T IO N .
W is c o n s in & N o r . M in n .R y . 1 8 1 ,2 9 3 [ M i s c e l l a n e o u s _______________
2 6 ,4 2 6
_
.
In c . ( + ) or
E a r n in o s —
1 9 0 8 -0 9 .
------------ .
N o te . — In a d d it io n $ 1 2 5 ,0 8 4 e x p e n d e d o n s id e t r a c k s , fillin g b r id g e s,
1 9 0 7 -0 8
D ec. (— ) .
F r e ig h t r e v e n u e ................................................. $ 8 ,6 2 7 ,8 5 3
& c ., & c ., w a s c h a r g e d to fu n d “ fo r b e t te r m e n ts a n d a d d i t io n s .” A f u r th e r
$ 8 ,2 7 6 ,7 8 1
+ $ 3 5 1 ,0 7 2
P a s s e n g e r r e v e n u e ________
_
3 ,9 9 0 ,9 4 5
$ 3 5 0 ,5 0 0 w a s a p p r o p r ia te d t o t h is fu n d fr o m p r o fit a n d lo ss d u r in g t h e y e a r .
3 ,6 9 0 ,4 8 4
+ 3 0 0 ,4 6 1
A ll o t h e r r e v e n u e t h a n tr a n s p o r t a 'n ’
8 2 0 ,4 7 3
— Ed.
7 9 7 ,1 3 7
+ 2 3 ,3 3 0
R e v . fr o m o p e r . o th e r t h a n t r a n s p ___
8 5 ,3 7 9
O P E R A T IO N S A N D F IS C A L R E S U L T S .
7 5 ,9 6 7
+ 9 ,4 1 2
T o t a l o p e r a tin g r ev en u
N o te . — T h e fig u r e s fo r t h e la s t t w o y e a r s h a v e b e e n c o m p ile d a c c o r d in g
.$ 1 3 ,5 2 4 , 6 5 0 $1 2,8 40 ,3 0 9 + $684,281
O perating expenses —
t o th e n e w s y s t e m o f a c c o u n t in g . T h e e a r n in g s , e x p e n s e s , & c ., fo r e a r lie r
M a in te n a n c e o t w a y a n d
y e a r s a s g iv e n in t h e r e p o r ts fo r t h o s e y e a r s a r e , h o w e v e r , h e r e s h o w n a s
. $ 1,0 43 ,78 4 $1,5 85, 38 1
+ $58,403
M a in te n a n c e o f c q u lp m c
t h e y a p p e a r In t h e c o m p a r a t iv e s t a t e m e n t s in t h e p a m p h le t r e p o r t fo r t h e
. 1,577,831
1,50 7,20 8
+ 70,563
T r a ffic e x p e n s e s ________
.
266,402
la te y e a r .
235 ,910
+ 30 ,4 86
T r a n s p o r t a tio n e x p e n s e s
1 9 0 8 -0 9 .
1 9 0 7 -0 8
1 9 0 6 -0 7 .
1 9 0 5 -0 6 .
. 5 ,00 0, 706
4 ,8 00 ,0 7 0
+ 140,690
G en er a l e x p e n s e s -----------A v e r a g e m ile a g e fo r y e a r
2 ,3 6 0
2 ,3 0 4
2 ,2 3 2
2 ,0 2 0
.
342,4 46
2 98, 59 9
+43,847
O p era tio n s—
T o t a l o p e r a tin g e x p e n ;
- $ 8 ,8 3 1 ,2 2 0 $ 8,4 8 7 ,2 4 0 + $34 3,0 89
T o n s r e v . fr e ig h t c a r rie d 4 ,6 4 2 ,6 3 5
4 ,4 3 9 ,1 8 6
4 ,9 5 4 ,1 7 7
4 ,8 8 6 ,4 9 8
N e t o p e r a tin g r e v e n u e - .
- $4,6 93, 42 1 $ 4 ,3 5 3 ,1 2 9 + $3 40,202
T o n s .r e v .f r ’t c a r . 1 m i l e . 1 0 8 7 1 9 3 ,2 2 1 9 6 1 ,9 3 4 ,8 3 7 1 1 5 8 6 3 4 0 5 1 1 0 8 4 1 5 3 8 6 6
O utside operations — N e t i
dcf. 1,712
11,804
— 13,576
A v . r a te p e r to n p e r m ile 0 .7 9 3 c t s .
0 .8 1 4 c t s .
0 .8 2 0 c t s .
0 .7 8 1 c t s .
T o t a l n e t r e v e n u e ---------- $4 ,6 9 1, 7 09 $4,3 04, 09 3 + $3 20,716
F r e ig h t e a r n n g s p e r f r ’t
T a x e s a c c r u e d ---------------641,1 67
030 ,745
+ 10,422
tr a in m ile -------------------$ 2 .8 1
$ 2 .5 1
..............
...............
A v e r , to n s of r e v en u e
- $ 4, 05 0,5 42 $ 3,7 34 ,24 8 + $3 10,294
f r e ig h t In t r a in _______
3 5 4 .2 7
3 0 7 .9 6
..............
...............
J o i n t f a c ilit ie s , r e n t s ----------------54,108
52,72 7
+ 1,381
R e v e n u e p a ss, c a r r ie d ..
1 ,7 7 8 ,5 4 5
1 ,6 0 6 ,9 9 1
1 ,3 3 6 ,0 7 8
1 ,1 7 3 ,8 6 9
D iv id e n d s a n d r e n ts r e c e iv e d .
52,148
— 98 ,485
150,633
R e v . p a s s , ca r rie d 1 m ile 1 4 0 ,6 3 7 ,4 2 0 1 2 8 ,2 9 3 ,9 0 7 1 1 6 ,4 6 1 ,2 2 2 1 1 1 ,0 5 8 ,5 1 8
M is c e lla n e o u s I n c o m e , In c lu d in g r e n ts
:s
10,808
13,155
+ 3,653
A v . r a te p e r p a s s .p e r m .
2 .0 9 c t s .
2 .0 9 c t s .
2 .2 8 c t s .
2 .1 9 c t s .
C r o ss c o r p o r a te I n c o m e -------- $ 4 ,1 7 3 ,0 0 0 $3 ,95 0, 7 64 + $2 22,842
P a s s , e a r n s , p er tr a in m .
$ 1 .3 0
$ 1 .1 4
_______
_______
D ed u ctio n s —
E a r n s , p e r m ile o f r o a d .
$ 5 ,3 4 3
$ 4 ,9 6 9
...............
- .............
H ir e o f e q u ip m e n t — b a l a n c e ..
$19 ,362
$23,051
— $4,58 0
E a r n in g s —
$
$
$
$
J o i n t f a c i l it ie s , r e n t s ___________
272,791
2 32, 02 9
+ $40,1 62
F r e i g h t ...................................
8 ,6 2 2 ,1 6 8
7 ,8 2 8 ,8 5 2
9 , 5 0 6 ,4 4 7
8 ,4 6 8 ,6 7 5
I n t e r e s t a c c r u e d on fu n d e d d e b t --------- 1,60 2,77 3
1,57 9,04 7
+ 23 ,7 26
P a s s e n g e r s ----------------------- 2 ,9 4 7 ,8 7 5
2 ,6 8 1 ,2 2 2
2 ,6 5 5 ,5 4 9
2 ,4 2 7 ,5 3 9
O th e r I n te r e s t a n d m is c e lla n e o u s ____16,440
10,083
+ 6,3 57
M a l l s ___________
3 5 5 ,8 8 3
3 1 7 .5 0 4
2 6 8 ,2 3 1
2 4 2 ,2 4 4
D iv id e n d s o n p re fe r r e d s t o c k (7 % ) .
787 ,976
787,9 76
E x p r e s s ........... ...................
1 9 2 ,1 8 3
1 7 9 .5 0 5
1 8 8 ,3 1 8
1 7 5 ,4 4 6
D iv id e n d s o n c o m m o n s t o c k (7% ) .
1,29 8,93 4
1, 298 ,0 34
M is c e ll a n e o u s ___________
2 2 1 ,6 4 5
1 8 6 ,6 3 7
2 7 3 ,5 3 4
2 6 0 ,5 5 9
T o t a l d e d u c t io n s ____________________ $ 3 ,9 9 8 ,2 7 6
$ 3 ,9 3 2 ,6 2 0
+ 5 6 5 ,6 5 6
B a la n c e , s u r p l u s . ............. ............................
$ 1 7 5 ,3 3 0
T o t a l e a r n in g s .............. .. 1 2 ,3 3 9 ,7 5 5
$ 1 8 ,1 4 4
+ $ 1 5 7 ,1 8 6
1 1 ,1 9 3 ,7 2 0
1 2 ,8 9 2 ,0 7 9
1 1 ,5 7 4 ,4 6 2
4% d l v s . o n l s t p r e f ____
4% d lv s . o n 2d p r e f ____
4% d lv s . o n c o m m o n ___
1 ,1 2 0 ,0 0 0
1 ,6 8 0 ,0 0 0
2 ,8 0 0 ,0 0 0
M a in te n a n c e o f w a y , A c .
M a in te n a n c e o f e q u lp ’t .
T r a ffic e x p e n s e s ________
T r a n s p o r t a tio n -----------G e n e r a l e x p e n s e s _______
1 9 0 8 -0 9 .
$
1 ,2 6 2 ,2 4 4
1 ,3 6 4 ,3 1 9
2 2 1 ,2 0 5
3 ,7 9 4 ,0 8 5
2 7 2 ,7 5 4
1 9 0 7 -0 8 .
$
1 ,2 9 5 ,7 6 6
1 ,3 6 8 ,4 3 8
2 3 1 ,4 7 5 1
3 , 9 5 3 ,9 5 2 J
2 3 1 ,4 8 6
1 9 0 6 -0 7 .
S
1 ,4 9 5 ,1 4 7
1 ,1 4 0 ,0 8 6
1 9 0 5 -0 6 .
$
1 ,0 2 3 ,7 3 4
1 ,0 9 0 ,4 8 0
4 ,2 5 9 ,8 4 8
2 3 8 ,4 6 8
3 ,4 5 0 ,2 8 8
2 2 0 ,0 5 8
T o t a l e x p e n s e s ____ .
Per c e n t e x p . to e a r n s ..
N e t e a r n in g s ------------------O u ts id e o p e r a tio n s , n e t .
6 ,9 1 4 ,6 0 7
(56)
5 ,4 2 5 ,1 4 8
8 6 ,4 3 5
7 ,0 8 1 ,1 1 7
(63)
4 ,1 1 2 ,6 0 3
1 2 3 ,1 5 9
7 ,4 3 3 ,5 4 9
(5 7 .6 )
5 ,4 5 8 ,5 3 0
5 ,7 8 4 ,5 6 0
(50)
5 ,7 8 9 ,9 0 2
T o ta l n et r e v en u e —
T a x e s a c c r u e d ___________
5 ,5 1 1 ,5 8 3
8 7 3 ,0 9 4
4 ,2 3 5 ,7 6 2
6 9 6 ,9 0 8
5 ,4 5 8 ,5 3 0
7 0 5 ,8 2 3
5 ,7 8 9 ,9 0 2
6 1 3 ,9 8 9
O p e r a tin g I n c o m e ------O th e r in c o m e a . ............-
4 ,6 3 3 ,4 8 9
3 5 6 ,2 9 9
3 ,5 3 8 ,8 5 4
8 2 9 ,3 2 2
4 ,7 5 2 ,7 0 2
5 2 ,0 7 7
5 ,1 7 5 ,9 1 3
6 2 ,9 6 5
G ro ss c o r p o r a te in c o m e .
D ed uct —
I n t e r e s t o n b o n d s ---------I n t e r e s t o n e q u ip , n o t e s .
I n t . o n W . C. le a s e d lin e
4 ,9 9 4 ,7 8 8
4 ,3 6 8 ,1 7 6
4 ,8 0 1 ,7 7 9
5 ,2 3 8 ,8 7 8
2 ,1 4 4 ,4 4 0
7 9 ,9 5 0
2 ,1 4 4 ,6 4 0
8 9 ,6 5 0
2 ,0 3 9 ,6 4 0
4 8 ,3 7 5
1 ,8 6 3 ,6 8 4
1 0 9 ,4 0 2
1 2 7 ,3 5 1
R e n ta l o f t e r m in a ls .. . .
5 3 8 ,0 0 0
7% d iv id e n d o n p r e f . .
D iv id e n d o n c o m m o n . _ (6) 1 ,0 0 8 ,0 0 0
3 5 0 ,0 0 0
A d d it i o n s , im p r ’ts , A c . .
1 3 3 ,1 1 6
4 8 8 ,7 4 4
( 5 ) 6 9 3 ,0 1 5
3 5 0 ,0 0 0
1 0 8 ,0 7 8
4 8 4 ,6 8 7
(4 )5 5 1 ,0 1 2
8 0 0 ,0 0 0
1 0 7 ,5 0 8
4 3 4 ,6 8 7
(4 )5 5 4 ,0 1 2
1 ,0 5 0 ,0 0 0
4 ,4 0 7 ,1 4 3
5 8 7 ,6 4 5
3 , 8 9 9 ,0 6 5
4 6 9 ,1 1 1
4 ,0 3 4 ,7 9 2
7 6 9 ,9 3 7
4 ,0 5 9 ,8 9 1
1 ,1 7 8 ,9 8 7
E xpenses—
T o t a l . . . . _____ . . .
S u r p l u s --------------------------
I n t e r e s t o n b o n d s o w n e d , $ 1 3 ,3 8 0 ; h ir e o f e q u ip m e n t , $ 1 2 0 ,2 6 7 ; in te r e s t,
d is c o u n t , r e n ts , A c . , $ 6 8 ,4 7 6 ; a ls o p r o ltt fr o m s a le o f r e a l e s t a t e , $ 3 5 ,5 9 3 ,
a g a in s t a s im ila r i t e m o f $ 5 3 0 ,5 7 6 in 1 9 0 7 -0 8 .
C O N D E N SE D G E N E R A L B A L A N C E S H E E T J U N E 30.
9
R oad , e q u ip ., * 0 .8 6 ,5 8 5 ,3 5 9
R eal e s ta t e --------701,729
S to ck s and b o n d s .r 4 ,127,313
M aterial & supplies 1,561,893
100,941
F o re ig n r o a d s -----A g 'ts & con d u c’rs.
935,763
41,261
P . O . D e p a r tm e n t
B ills a n d a c c o u n ts
607,008
Cash .................... .. 4,047 ,5 6 0
A d v a n c e s a c c ’t of
b e tt.& im p t.f u n d
O th e r a c c o u n ts .
T otal
1908.
S
8 2 ,7 5 7 ,6 9 6
668,062
4,0 8 3 ,1 9 2
1,258,687
273,570
366,489
73,583
348,812
1,640,754
1909.
1908.
$
S
Com m on s t o c k . . . 16,8 0 0 ,0 0 0 1 6 ,800,000
Preferred s to c k ___ 8 ,4 0 0 ,0 0 0 8 ,4 0 0 ,0 0 0
Cap. s tk . su b scrip . 2 ,4 8 9 ,5 7 3
...............
F unded d e b t.......... 5 6 ,8 9 5 ,0 0 0 5 5 ,2 9 5 ,0 0 0
Car tru st n o t e s . . . 1,5 5 1 ,0 0 0 1,743,000
Interest due J u ly l 1,0 9 1 ,7 2 0 1 ,045,360
In t. on leased line
109,402
T a x es, n o t d u e ___
3 4 3 ,4 9 0
222,680
Vouchers
______ 2 ,0 8 2 ,4 6 9
842,801
204,525 P a y - r o lls .................
879,964
452,600
7,501 W ise. Central R y .
359,357
B e tt. A Im pt. fund
20,391
E q uip, rcplace’t . .
438,196
210,948
M iscella n eo u s____
10,413
18,270
In com e a c c o u n t .. 7 ,2 3 9 ,8 5 2 6,652,20,3
. 1 .......... 9 8 ,7 0 8 ,8 2 6 9 1 ,6 8 2 ,8 7 0
IN T E R -S T A T E C O M M E R C E C L A S S IF IC A T IO N .
I n c . ( + ) or
D ec. (— ) .
Liabilities —
T o t a l .................... 9 8 ,7 0 3 ,8 2 8 9 1 ,6 8 2 ,8 7 0
1 9 0 8 -0 9 .
$
1 ,5 0 6 ,5 8 6
6 ,4 0 5 ,9 9 9
1 9 1 ,7 0 6
1 2 5 ,8 7 0
1 9 0 7 -0 8 .
$
1 ,5 4 4 ,9 9 6
6 ,2 5 5 ,2 0 9
1 8 4 ,2 4 7
1 3 7 ,0 4 2
8 ,2 9 0 ,1 7 0
a O th e r in c o m e in 1 9 0 9 in c lu d e s : D iv id e n d s o n s t o c k s o w n e d , $ 1 1 .3 ,5 8 3 ;
1909.
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
1 9 0 6 -0 7 .
M ile s o p e r a t e d _____________ __________ 546
546
546
O pera tio n s —
P a s s e n g e r s c a r r ie d , N o _________________
2 ,0 6 5 ,4 1 1
2 ,0 0 5 ,9 3 2
1 ,9 7 5 ,3 7 9
P a s s e n g e r s c a r r ie d 1 m il e ______________ 8 0 ,5 9 2 ,2 2 4 8 5 ,8 7 6 ,6 0 0 8 1 ,8 6 1 ,0 9 1
R a t e p e r p a s s e n g e r p e r m ilo ___________
1 .8 6 9 c t s .
1 .7 9 9 c t s .
1 .8 0 4 c ts .
F r e ig h t c a r r ie d ( t o n s ) __________________
5 ,7 3 1 ,5 8 8
5 ,5 8 0 ,7 1 5
5 ,3 0 8 ,0 6 6
F r e ig h t (to n s ) 1 m i l e ..........................
8 2 0 ,9 5 7 ,2 3 0 7 4 0 ,4 8 2 ,8 5 2 7 2 3 ,5 8 0 ,9 0 1
R a te p er to n p er m ile
.............. .............
0 .7 8 9 c t s .
0 .8 4 5 c t s .
0 .8 7 4 cts_
A v e r a g e t r a in - lo a d ( t o n s ) _____________
a278
<z276
307
E a r n in g s p e r f r e ig h t -t r a in m i l e ________
$ 2 .1 0
$ 2 .2 4
$ 2 .3 0
E a r n in g s p e r p a s s e n g e r - t r a in m il e ____
$ 0 .9 9 4 0
$ 1 .0 3 8 4
$ 1 .1 3 5 0
G ro ss e a r n in g s p e r m il e ________________
$ 1 5 ,1 8 7
$ 1 4 ,8 7 8
$ 1 5 ,0 2 6
8 ,1 2 1 ,4 9 4
+ 1 6 8 ,0 7 6
.
1 1 4 ,2 6 3
3 ,0 5 3 ,8 1 7
1 ,3 8 0 ,3 8 7
9 2 0 ,1 9 6
1 7 4 ,4 0 3
1 2 8 ,9 9 2
2 ,8 2 4 ,1 9 7
1 ,3 1 9 ,9 6 8
9 7 5 ,1 9 4
1 7 1 ,9 7 7
— 1 4 ,7 2 0
+ 2 2 9 ,6 5 0
+ 6 0 ,4 1 9
— 5 4 ,9 9 8
+ 2 ,4 3 1
.
..
.
.
5 ,6 4 3 ,1 0 1
( 6 8 .0 7 )
2 ,6 4 7 ,0 0 9
3 0 ,3 2 1
5 ,4 2 0 ,3 2 8
(0 6 .7 2 )
2 ,7 0 1 ,1 6 5
3 7 ,4 4 3
+ 2 2 2 ,7 7 3
( + 1 .3 5 )
— 5 4 ,0 9 0
— 1 ,1 2 2
T a xes accru ed .
.
2 ,6 1 0 ,7 4 8
1 8 9 ,1 6 0
2 ,6 6 3 ,7 2 3
1 6 7 ,9 7 2
— 5 2 ,9 7 5
+ 2 1 ,1 8 8
.
2 ,4 2 1 ,5 8 8
H ir e o f e q u i p m e n t --------------R e n t a ls r e c e i v e d ---------------I n t e r e s t , A c ________________
_
.
1 0 ,0 9 4
4 1 2 ,3 1 7
2 ,4 9 5 ,7 5 1
5 3 ,9 5 3
1 0 ,0 9 8
4 3 2 ,2 1 7
— 7 4 ,1 0 3
— 5 3 ,9 5 3
—4
— 1 9 ,9 0 0
.
2 .3 4 9 ,9 9 8
2 ,9 9 8 ,0 1 8
— 1 4 8 ,0 2 0
.
.
.
.
.
5 8 ,2 5 9
9 6 0 ,4 2 0
1 5 2 ,8 7 7
2 5 1 ,9 4 3
8 3 ,3 7 2
4 9 ,7 7 9
9 5 8 ,5 3 1
1 6 5 ,9 1 2
2 7 8 ,1 7 4
2 5 ,0 3 2
+ 8 ,4 8 0
+ 1 ,8 8 9
— 1 3 ,0 3 5
— 2 6 ,2 3 1
+ 5 8 ,3 4 0
.
1 ,5 0 6 ,8 7 1
.
1 ,3 4 3 ,1 2 7
B a l a n c e ________________________
210
D e d u c t d iv id e n d o n p r e fe r r e d s t o c k . .
!% ) 1 ,1 6 2 ,1 1 2
1 ,4 7 7 ,4 2 9
1 ,5 2 0 ,5 8 9
210
1 ,1 6 2 ,0 9 8
+ 2 9 ,4 4 2
— 1 7 7 ,4 6 2
1 ,1 6 2 ,3 2 2
1 3 0 ,8 0 5
1 ,1 6 2 ,3 0 8
3 5 8 ,2 8 1
+ 14
— 1 7 7 ,4 7 6
E a r n in g s —
.
P a s s e n g e r .............. F r e ig h t --------------M all a n d e x p r e s s .
M is c e lla n c o u s —
.
O p era tin g E x p e n s e s —
T r a f fic e x p e n s e s -------------T r a n s p o r t a tio n e x p e n s e s .
M a in tc n a n c c o f e q u ip m e r
M a in te n a n c e o f w a y , & c .
G e n e r a l e x p e n s e s . .............. .
.
.
P e r c e n t e x p e n s e s t o e a r n in g s .
N c t e a r n in g s ___________________
O u ts id e o p e r a tio n s d e f ic i t ------
G ro ss c o r p o r a te I n c o m e .
D isb u rsem en ts —
R e n t a ls p a i d ----------------------I n t e r e s t o n b o n d s _________
I n t e r e s t a n d d i s c o u n t -------R e n t a l s _____________________
H ir e o f e q u i p m e n t --------------
.
S u r p lu s fo r t h e y e a r -------------
$
— 3 8 ,4 1 0
+ 2 1 0 ,7 9 0
+ 7 ,4 5 9
— 1 1 ,1 0 3
+ 14
a A v e r a g e tr a in - lo a d in 1 9 0 7 -0 8 in c lu d e s b r a n c h e s (In e a r lie r y e a r s m a in
x S t o c k s a n d b o n d s o w n e d in c lu d e ; W is c o n s in C e n tr a l R y . s t o c k , $ 3 ,3 6 1 ,
121; S t . P a u l U n io n D e p o t s t o c k , $ 1 0 3 ,6 0 0 ; M in n e so ta T r a n s fe r R y . s to c k ,
$ 7 ,0 0 0 ; W e s te r n E x p r e s s C o . s t o c k , $ 5 0 ,0 0 0 ; S a u lt S t e . M a r ie B r id g e C o.
s t o c k , $ 8 ,0 0 2 ; S a u lt S t e . M a r ie U n io n D e p o t s t o c k . $ 5 0 ,5 9 1 ; M in n e so ta
T r a n s fe r R y . b o n d s, $ 4 7 ,0 0 0 ; V illa g e o f A le x a n d r ia b o n d s , $ 1 0 ,0 0 0 ; M in n .
S . S . M . & A t l a n t i c R y . b o n d s , $ 1 0 ,0 0 0 ; S p o k a n e & I n t e r n a t . R y . b o n d s
a n d s t o c k , $ 1 8 0 ,0 0 0 .
N o te . — T h e r e a r e a ls o $ 1 0 ,2 8 2 ,4 0 0 4% le a s e d lin e s t o c k c e r t ific a te s issu e d
fo r a n d s u b j e c t to c a n c e lla tio n o n o r b e fo r e 2 0 0 3 b y r e tu r n o f t h e W isc o n s in
C e n tr a l p r e fe r r e d s t o c k d e p o s ite d in t r u s t t h e r e f o r .— V . 8 9 , p . 2 8 7 .
N e w Y o r k O n ta rio & W e s te r n R a ilw a y C o.
{ R e p o r t f o r F i s c a l Y e a r e n d i n g J u n e 30 1909.)
President Thomas P. Fowler, New York, Aug. 31 wrote:
T h e b o a r d r e c e n t ly d e c la r e d a d iv id e n d o f 2 % u p o n t h e c o m m o n s t o c k ,
p a y a b le A u g . 9 1 9 0 9 .
T h e f u n d e d d e b t h a s n o t b e e n in c r e a s e d , b u t a s q u it e e x t e n s i v e a d d i t io n s
t o th e p r o p e r ty h a v e b e e n m a d e s in c e t h e l a s t is s u e o f g e n e r a l m o r t g a g e
b o n d s , a n d s o m e flo a t in g d e b t In c u r r ed fo r t h a t a c c o u n t , a f u r t h e r iss u e
w ill p r o b a b ly b e m a d e d u r in g t h e p r e s e n t y e a r .
T h e b o a r d h a s a u t h o r iz e d a n e x t e n s io n o f t h e C a p o u s c b r a n c h fr o m
S c r a n t o n , P a ., to a c o n n e c tio n w it h t h e L e h ig h V a lle y R R .
T h is e x t e n s io n
(4 .6 m ile s in le n g th ) p r o m is e s t o d e v e lo p s o m e lo c a l b u s in e s s , a s w e ll a s to
a ffo r d f a c ilit ie s fo r th e in te r c h a n g e o f a c o n s id e r a b le a m o u n t o f t r a f f ic .
Vice-President and General Manager J. E. Childs says:
E a r n in g s . — T h e g r o s s e a r n in g s fo r t h e y e a r in c r e a s e d $ 1 6 8 ,6 7 6 , o r 2 .0 8 % .
T h e w o r k in g e x p e n s e s I n c r e a s e d $ 2 2 2 ,7 7 3 , o r 4 .1 1 % . T h e n e t e a r n in g s ,
a f te r d e d u c t in g t a x e s , d e c r e a s e d $ 7 4 ,1 6 3 , o r 2 .9 7 % .
T h e s u r p lu s , a f t e r
d e d u c t in g fix e d c h a r g e s , r e n ta ls , A c ., w a s 3 1 ,3 4 3 ,1 2 7 a n d In t h e p r e v io u s
y e a r $ 1 ,5 2 0 ,5 8 9 , a d e c r e a s e o f $ 1 7 7 ,4 6 2 , o r 1 1 .6 7 % .
T h e s u m m e r p a s s e n g e r b u s in e s s fr o m N e w Y o r k t o r e so r ts In O r a n g e ,
S u l liv a n , U ls te r a n d D e la w a r e c o u n t ie s s h o w s a s u b s t a n t ia l Increr so o v e r
p r e v io u s y e a r .
T h e e a r n in g s fr o m t h e t r a n s p o r t a t io n o f c o a l w e r e $ 3 ,8 7 5 ,5 8 3 , c o m p a r e d
w it h $ 3 ,7 7 7 ,7 5 1 In th e p r e v io u s y e a r , a n in c r e a s e o f $ 9 7 ,8 3 2 , o r 2 .5 9 % .
T h e t o t a l s h ip m e n t s fr o m t h e S c r a n t o n D iv is io n . In c lu d in g s u p p ly c o a l
u s e d o n e n g in e s a n d a t s t a t i o n s , w e r e 3 ,0 4 8 ,6 1 4 g r o s s t o n s , a n I n c r ea se of
2 4 6 ,4 1 9 o v e r p r e v io u s y e a r , o r 8 .7 9 % . T h e n u m b e r o f g r o s s t o n s o f c o a l
tr a n s p o r t e d fr o m t h e S c r a n t o n D iv is io n ( e x c lu s iv e o f s u p p ly c o a l fo r c o m
p a n y ’s u se) w a s 2 ,8 4 7 ,0 4 0 , c o m p a r e d w it h 2 ,5 8 9 ,5 6 6 In p r e v io u s y e a r , a n
in c r e a s e o f 2 5 7 ,4 7 4 , o r 9 .9 4 ? 6 .
T h e t o t a l o u t p u t o f a n t h r a c it e c o a l fr o m t h e e n t ir e Held fo r t h e c a le n d a r
y e a r 1908 w a s 6 4 ,6 6 5 ,0 1 4 t o n s , a d e c r e a s e o f 2 ,4 4 4 ,3 7 9 t o n s a s c o m p a r e d
w it h p r e v io u s y e a r .
A d d itio n s , M a in te n a n c e , A c . — D u r in g t h e y e a r n e w e q u ip m e n t h a s b e e n
p u r c h a s e d o r b u ilt a n d a d d it io n s a n d b e t t e r m e n t s m a d e a n d c h a r g e d to
c a p ita l a c c o u n t c o s tin g $ 2 6 3 ,3 1 8 , in c lu d in g t h e p u r c h a s e o f 7 m o g u l f r e ig h t
e n g in e s , 9 p a s s e n g e r c o a c h e s a n d 1 r e c lin in g c h a ir c a r , & c ., a n d s u n d r y
I m p r o v e m e n t s to r o llin g s to c k a n d a d d it io n a l s h o p e q u ip m e n t .
A d d it io n s
a n d b e t te r m e n ts c h a r g e d t o r e p la c e m e n t f u n d s a g g r e g a te d $ 3 2 2 ,5 3 1 , v iz .:
8 m o g u l e n g in e s p u r c h a s e d t o r e p la c e o ld e n g in e s d e s tr o y e d ; 138 c o a l c a r s
b u ilt; 6 c a b o o s e c a r s b u ilt; 691 c o a l c a r s r e b u ilt (8 9 w it h s t e e l u n d e r fr a m e s );
3 o t h e r c a r s r e b u ilt.
S u n d r y a d d it io n s a n d b e t t e r m e n t s ( a g g r e g a t in g $ 2 3 8 ,1 4 2 ) h a v e b een
m a d e In t h e m a in t e n a n c e o f w a y d e p a r t m e n t a n d c h a r g e d t o c a p ita l a c c o u n t ,
n o t a b ly w o o d e n t r e s t le N o . 1, C a p o u s c b r a n c h , r e p la c e d w it h s t e e l , a n d
w o o d e n t r e s t le N o . 5 , P r e s to n P a r k , 6 6 0 f e e t l o n g , r e b u ilt w it h s te e l; t o ta l
c o s t , $ 4 1 ,3 2 9 .
A n n u a l Cost o f M a in te n a n c e — Y ea rs e n d in g J u n e 3 0 .
1909.
1908.
1907.
1906.
1905.
P e r m ile o f r o a d o p e r a t e d ________$ 1 ,8 6 7
$ 1 ,9 7 9
$ 2 ,0 3 5
$ 1 ,8 1 0 $ 1 ,6 7 1
P e r lo c o m o t iv e ____ _______________ 2 ,8 5 9
2 ,8 2 7
2 ,6 3 6
2 ,5 6 8
2 ,3 2 0
P e r p a s s e n g e r c a r __________________
78
79
85
71
66
T h e r e h a v e b e e n u s e d in r e p a ir s 2 0 1 ,7 1 8 t ie s , b e in g 1 4 ,2 6 2 m o r e t h a n p r e
v io u s y e a r , a t a n a v e r a g e p r ice o f 62 c e n t s , w h ic h is 6 c e n t s le s s t h a n la st
year.
S eco nd T ra c k . — F o r s e c o n d t r a c k th e r e w a s e x p e n d e d d u r in g y e a r e n d e d
J u n e 3 0 1 9 0 9 , on m a in lin e , $ 1 3 0 ,6 2 0 , a n d o n S c r a n t o n D iv is io n $ 5 6 ,2 2 7 .
T h e s e c o n d tr a c k b e t w e e n S t r o n g to w n a n d Y o u n g 's ( la p w a s p u t in o p e r a
t io n In O c to b e r 1 9 0 8 , c o m p le t in g t h e s e c o n d t r a c k b e t w e e n C o r n w a ll a n d
C a d o sia .
O n t h e S c r a n to n d iv is io n m o s t o f t h e g r a d in g a n d m a s o n r y h a s
b e e n c ftm p le tc d fo r s e c o n d tr a c k b e t w e e n J e r m y n a n d D ic k s o n , a d is ta n c e
o f 8 m ile s .
T o t a l s e c o n d tr a c k In u se J u n e 3 0 1 9 0 9 , 1 0 5 m ile s; S c r a n to n
D iv is io n , 19 m ile s .
E x p e n d e d o n s e c o n d t r a c k t o J u n e 3 0 1 9 0 9 , m a in lin e ,
$ 3 ,2 0 2 ,6 9 1 ; S c r a n t o n D iv is io n , $ 2 5 0 ,2 1 5 .
tg?r-
o p e r a t io n s a n d
f is c a l
r e su l t s
.
N o te . — S o m e o f t h e t r a f f ic s t a t i s t i c s in 1 9 0 6 -0 7 , w h ile in a c c u r a t e , o w in g
t o c h a n g e s In m e t h o d s , a r e s t a t e d a s g iv e n in th e r e p o r t fo r t h a t y e a r .
lin e o n ly ) a n d a p r o p o r tio n o f m ix e d - tr a in m ile a g e .
R E S U L T S FOR
P R E V IO U S
Y E A R S — O LD B A S I S .
..
...
1 9 0 6 -0 7 .
$ 8 ,2 0 2 ,3 6 1
5 ,4 4 9 ,9 6 8
1 9 0 5 -0 6 .
$ 7 ,2 6 5 ,0 5 8
5 ,0 5 9 ,0 9 0
1 9 0 4 -0 5 .
$ 7 ,0 9 0 ,8 8 9
4 ,8 9 1 ,9 0 1
..
..
$ 2 ,7 5 2 ,3 9 3
4 5 3 ,7 1 7
$ 2 ,2 0 5 ,9 6 3
4 5 3 ,2 1 0
$ 2 ,1 9 8 ,9 8 8
4 5 1 ,2 1 7
. . $ 3 ,2 0 0 ,1 1 0
T o t a l n e t in c o m e ---- ----------I n t e r e s t o n fu n d e d d e b t _____
..
8 8 3 ,3 5 8
T a x e s --------------------------------------1 9 0 ,0 8 6
M is c e lla n e o u s i n te r e s t a n d d i s c o u n t . .
...
2 8 3 ,5 0 6
R e n t a ls p a i d --------------------------...
1 ,1 6 2 ,3 0 2
D i v i d e n d s ------------------------ --------------------
$ 2 ,0 5 9 ,1 8 4
8 6 2 ,6 6 7
1 7 4 ,1 9 7
2 0 2 ,2 9 1
2 3 2 ,5 2 9
1 ,1 6 2 ,2 9 6
$ 2 ,6 5 0 ,2 0 5
7 6 6 ,9 7 6
1 5 8 ,8 4 8
2 3 1 ,1 5 5
2 1 1 ,9 4 8
8 7 1 ,7 6 5
$ 2 5 ,2 0 5
$ 4 0 9 ,5 1 3
B a la n c e , n e t e a r n in g s -------O t l ie r l n c o m c ---------------------------
.
$ 4 9 2 ,4 8 0
G E N E R A L B A L A N C E S H E E T J U N E 30.
1909.
1908.
A ssets —
$
Franchises a n d p r o p e r t y - ...................... 7 8 , 6 5 5 ,4 3 5
Preferred st oc k re de mp ti on f u n d ____
4,000
I n v e st m e n t s in other c o m p a n ie s .......... 11 ,4 6 4 ,8 3 7
Cash a t b an k er s --------------------------------1 ,1 7 6 ,1 5 6
Stores, fuel, &c., on h a n d ___________
8 01 ,20 7
S un d ry a cc o un t s due c o m p a n y ______
112,790
4 0 ,0 60
A dv an ce s to other co m p a n ie s _____ .
Traffic a cc ou n t s due c o m p a n y .............
9 67 ,12 2
Loan s and bills recei vab le___________
117,325
Accrued in t e r e s t________
459,121
Cars under lease (car t r u s t s ) _________
______
Prepaid Insura nc e............................. .........
12 ,0 7 0
____ 9 3 ,8 1 0, 1 23
T o t a l ------------------------ -------L ia b ilitie s —
C o m m o n s t o c k _________________________ 5 8 ,1 1 3 ,9 8 3
P r e fe r r e d s t o c k ______________
4 ,0 0 0
R e f u n d in g 4 % b o n d s _________________ 2 0 ,0 0 0 ,0 0 0
3 , 9 4 8 ,0 0 0
G en er a l m o r tg a g e 4% b o n d s ..................
I n t e r e s t d u e a n d a c c r u e d _____________
2 8 9 ,7 2 7
S u n d ry a c c o u n ts due b y c o m p a n y
2 ,0 8 2 ,9 2 7
T r a f fic a c c o u n t s d u e b y c o m p a n y ____
2 4 5 ,8 0 4
D iv id e n d s u n p a id ..................................
3 ,2 5 0
I n s u r a n c e r e s e r v e _____________________
1 4 1 ,1 7 7
L o a n s a n d g o ld n o t e s _______
3 , 2 7 4 ,4 0 0
R o llin g s to c k u n d e r l e a s e _____________
_______
P r o fit a n d l o s s . .............................
5 ,7 0 0 ,7 9 5
1907.
S
$
7 7 ,8 5 3 ,3 1 0 7 6 , 8 2 2 ,9 30
4,000
4, 00 0
11 ,8 72 ,8 0 3 12 ,2 97,927
1 ,3 48, 32 7
1,360,627
7 58 ,76 3
6 42 ,75 7
75 ,628
599 ,828
40 ,0 6 0
40,061
66 4 ,4 9 9
5 55 ,4 84
117,454
117,741
32 2 ,1 5 4
185,188
1 00 ,00 0
244,000
11,093
.............
9 3 ,1 0 8 ,0 9 7
5 8 ,1 1 3 ,9 8 3
4 ,0 0 0
2 0 .0 0 0 ,0 0 9
3 .0 4 8 .0 0 0
2 8 5 ,5 0 7
1 ,8 4 0 ,2 8 2
7 7 ,0 t 9
3 ,6 9 5
1 1 8 ,8 5 5
3 . 2 2 5 .0 0 0
1 0 0 ,0 0 0
5 ,4 5 1 ,1 5 5
9 3 ,1 0 8 ,0 9 7
9 2 ,8 7 0 ,5 43
5 8 ,1 1 3 ,9 83
4, 0 00
2 0 ,0 0 0 ,0 0 0
3.334.000
2 8 2 ,9 80
1 ,8 12, 609
219,58 8
3,20 2
94 ,84 5
3.025.000
2 4 4 ,0 00
5 ,1 3 6 ,3 3 6
9 2 ,8 7 0 ,5 4 3
R a ilw a y s C o m p a n y G e n e r a l.
30 1909.)
President T. D. Rhodes says in substance:
{R e p o rt fo r F is c a l Y e a r e n d in g J u n e
D u r in g t h e p a s t y e a r y o u r b o a r d h a s b e e n a b le t o d is p o s e o f th e la s t o f Its
s m a ll I s o la te d t r o lle y p r o p o s itio n s w h ic h it lia s b e e n O p e ra tin g s in c e t h e c o m
p a n y w a s fo r m e d .
T h e s e c u r it ie s o f t h e s e c o m p a n ie s w e r e u n a v a ila b le fo r
c o lla t e r a l, a n d th e d e v e lo p m e n t o f t h e p r o p e r tie s n e c e s s ita t e d c o n s ta n t e x
p e n d it u r e s . T h a n k s t o t h e r e tu r n o f b u s in e s s c o n f id e n c e , y o u r b o a r d h a s
b e e n a id e to d is p o s e o f t h e s e p r o p e r tie s a t s a t is f a c t o r y p r ic e s , a n d fe e ls
t h a t It is n o w in p o s itio n t o d is t r ib u t e to t h e s to c k h o ld e r s a s u b s t a n t ia l c a s li
d iv id e n d . T e n p e r c e n t h a s th e r e fo r e b e e n d e c la r e d o u t o f th e e a r n in g s fo r
tile y e a r e n d in g J u n e 3 0 1 9 0 9 , p a y a b le t o s t o c k h o ld e r s o f r e co r d A u g . 31
1909; a n d it w ill lie t h e p o lic y h e r e a ft e r , b e g in n in g w it h t h e q u a r te r e n d in g
S e p t . 3 0 1 9 0 9 , t o p a y r e g u la r d iv id e n d s o f 1% e a c h q u a r t e r , a n d a f t e r
m a k in g u p th e a c c o u n t s o n J u n e 3 0 o f e a c h y e a r , to d iv id e a m o n g t h o
s to c k h o ld e r s , In t h e w a y o f a n e x t r a d iv id e n d , s u c h p r o p o r tio n or t h e
e a r n in g s fo r t ile p r e v io u s y e a r a s t h e b o a r d f e e ls it Is s a fe a n d p r o p e r to d i
v id e .
E A R N IN G S FOR F IS C A L
G ro ss lh c o m e ____________
O p e r. e x p . , t a x e s , A c . .
1 0 0 8 -0 9 .
$ 9 1 ,4 6 7
1 5 ,0 7 0
N e t _____ _____________
P r e v io u s s u r p lu s ________
T o t a l s u r p lu s ____ _____
$ 7 6 ,3 9 7
$ 2 8 5 ,8 8 2
5 3 6 2 ,2 7 9
• I n c lu d e s “ s h r in k a g e in v a lu e s ."
Y E A R E N D IN G J U N E 30.
1 9 0 7 -0 8 .
$ 1 6 7 ,0 7 1
* 1 6 1 ,3 9 2
$ 5 ,6 7 9
$ 2 8 0 ,2 0 3
$ 2 8 5 ,8 8 2
1 9 0 6 -0 7 .
$ 1 7 1 ,0 2 0
8 ,6 2 8
1 9 0 5 -0 6 .
$ 1 3 5 ,5 1 2
15,916
$ 1 6 2 ,3 0 1
$ 1 1 7 ,8 1 1
$ 2 8 0 ,2 0 3
$ 1 1 9 ,5 9 6
$ 148,118
$ 2 6 7 ,7 1 4
B A L A N C E S H E E T A S OF J U N E 30.
A ssets—
C ash ..................
D u e fr o m s u b s id ia r y c o s .
B o n d s o f s u b s ld . c o s . - l
C a p ita l s t k .s u b s i d . COS./
O th e r s e c u r it ie s o w n e d .
F u r n it u r e , fix t u r e s a n d
s u n d r y s e c u r i t i e s ____
L o a n s r e c e iv a b le ________
B a la n c e , n o t e s r e c e iv a b le
1009.
$ 3 5 ,7 3 3
_______
1908.
$ 3 7 ,8 7 1
292
/
1
1007.
$ 4 3 ,4 9 9
3 ,5 9 9
6 5 6 ,0 5 0
4 0 ,2 5 5
2 7 9 ,5 1 1
1906.
$ 4 6 ,9 5 3
483
7 2 2 ,5 0 0
2 2 ,2 0 5
1 8 0 ,3 5 2
N e t s a le s ____________
1
O th e r s o u r c e s ................. . /
E a r n in g s —
IN C O M E A C C O U N T .
1908-09.
1907-08.
$
$
5, 286,021
5,3 0 8 ,0 1 6
1906-07.
$
11 ,230,410^
1905-06.
$
9 ,7 4 4, 9 85
801,412
6 9 5 ,2 5 8
1 3 7 ,6 0 0
6 7 5 ,7 5 4
1 5 5 ,8 1 8
T o t a l e a r n in g s _____
5,286,021
5,3 0 8, 0 16
*508
3 2 6 ,5 7 5
444
*508
-------- -1 2 8 ,1 3 6
5 ,3 8 3
---------------------
1 2 6 ,3 3 4
---------------------
S h o p c o s t o f p r o d e t s o ld ]
G e n e r a l, & c ., e x p e n s e s '
D e p r e c i a t i o n ___ _____
3 , 2 4 6 ,7 4 8
3 ,2 9 3 ,2 5 9
118,716
4 3 ,9 60
T o t a l _________
$ 1 ,1 9 6 ,1 1 7
L ia b ilitie s —
C a p ita l s t o c k _____ ______
$ 7 0 0 ,0 0 0
L o a n s p a y a b l e _________
1 3 3 ,8 3 8
N e t s u r p lu s ______ ______
3 6 2 ,2 7 9
A c c o u n t s r e c e iv a b le -----------------
$ 9 9 8 ,3 8 2
$ 1 ,0 2 0 ,1 9 7
$ 1 ,0 9 8 ,8 2 7
$ 7 0 0 ,0 0 0
----------2 8 5 ,8 8 2
1 2 ,5 0 0
$ 7 0 0 ,0 0 0
4 8 ,9 9 4
2 8 0 ,2 0 3
_______
$ 9 0 0 ,0 0 0
8 1 ,0 1 6
1 1 7 ,8 1 1
_______
T o t a l e x p e n s e s _____
N e t I n c o m e _____________
D iv id e n d s ____________
K a te o f d i v id e n d ________
3,3 6 5, 4 64
1,92 0,5 57
1,374,481
(10%)
3 , 3 3 7 ,2 1 9
1 ,9 70, 79 6
1 ,7 87, 11 0
a( 1 5% )
7,37 8,5 71
3 ,8 5 1 ,8 3 9
2 ,4 7 5 ,0 0 0
(22 y2 % )
6 ,9 20, 64 7
3,62 5, 7 50
2 ,1 99 ,2 9 5
(20%)
B a la n c e , s u r p lu s ,.____
546,0 76
183,686
1,3 7 6 ,8 3 9
1,42 6,45 5
T o t a l ___________________$ 1 ,1 9 6 ,1 1 7
$ 9 9 8 ,3 8 2
$ 1 ,0 2 9 ,1 9 7
$ 1 ,0 9 8 ,8 2 7
* I n c lu d e s fu r n itu r e a n d fix tu r e s o n l y .
D ir e c to r s : E v a n s I t. D ic k , D a v id M . M ln z e s h e lm e r , G e o r g e S . G r a h a m ,
T . D . I th o d e s , F . J . L ls m a n , F a tr m a n I t. D ic k , T h o m a s I t. P a t t o n . —
V . 89, p. 591.
A m e r ic a n L in s e e d C o.
(Report for the Fiscal Year ending Ju ly 31 1 9 0 9 .)
T h e a n n u a l r ep o rt issu e d th is w e ek is th e first sin c e th a t for
th e fiscal y e a r 1 900-01 (V . 7 3 , p . 5 5 5 , 6 6 2 ), w h ic h sh o w e d a
lo ss fro m o p e r a tio n s o f $ 1 ,4 0 2 ,4 9 1 . P r e sid e n t J o h n A . M cG ea n sa y s:
T h e p r o f it s , a f t e r p a y in g a ll o p e r a tin g e x p e n s e s , e x c e p t i n t e r e s t o n b o r
r o w e d m o n e y , w e r e $ 1 ,2 6 4 ,1 8 5 .
T h e I n te r e s t p a id o n b o r r o w e d m o n e y
a n d c h a r g e s to d e p r e c ia t io n a m o u n t e d t o $ 2 8 4 ,5 8 4 , le a v i n g n e t p r o fits o f
$ 9 7 9 ,0 0 0 .
T h is h a s e n a b le d u s to c a n c e l t h e b a la n c e o f t h e d e f ic it a c c o u n t
t h a t h a s e x is t e d fo r m a n y y e a r s , a n d c a r r y t o s u r p lu s a p p r o x im a t e ly $ 1 0 0 ,
000.
I n a c c o r d a n c e w it h its u s u a l p r a c tic e , t h e c o m p a n y h a s m a in t a in e d
t h e p h y s ic a l c o n d itio n o f Its p la n t s In g o o d w o r k in g o r d e r , t h e e x p e n d itu r e s
h a v in g b e e n c h a r g e d t o o p e r a tin g a c c o u n t .
T h e b u s in e s s d u r in g t h e e a r ly p o r tio n o f t h e y e a r w a s o f r e d u c e d v o lu m e ,
d u e to t h e g e n e r a l b u s in e s s d e p r e s sio n w h ic h b e g a n in 1 9 0 7 , fr o m w h ic h
s o m e o f o u r c u s to m e r s h a d n o t r e c o v e r e d a t t h a t t im e , b u t g r a d u a lly re
s u m e d n o r m a l c o n d itio n s a s b u s in e s s th r o u g h o u t t h e c o u n t r y I m p r o v e d ,
a n d d u r in g t h e la s t fe w m o n th s o f t h e y e a r w a s f u lly r e s to r e d .
T h e fla x c r o p , w h ic h g a v e p r o m is e e a r ly In th e y e a r o f b e in g a n a v e r a g e
o n e , w a s d a m a g e d b y u n fa v o r a b le w e a t h e r , r e d u c in g t h e y ie ld s e r io u s ly a n d
r e s u lt in g In a c r o p w h ic h w a s n o t s u f fic ie n t fo r t h e r e q u ir e m e n ts o f th e
co u n tr y .
In c o n s e q u e n c e fla x s e e d w a s I m p o r te d fr o m C a n a d a a n d A r g e n
t in a , t h e fir st In m a n y y e a r s . T h e p r ice o f s e e d d u r in g t h e y e a r r a n g e d
fr o m $1 20 t o $1 8 0 , a n d t h e p r ic e o f o il fr o m 3 8 c e n t s to 60 c e n ts p e r g a llo n .
T h e s to c k s o f s e e d a n d o il in t h is c o u n t r y a t t h e c lo s e o f t h e y e a r a r c u n
d o u b t e d ly t h e lo w e s t s in c e t h e y e a r 1 9 0 1 .
T h e o u t lo o k fo r t h e c o m in g y e a r Is f a v o r a b le . T h e a c r e a g e o f t h e m a
tu r in g c r o p Is la rg e ; w e a t h e r c o n d itio n s h a v e b e e n g o o d , a n d t h e e x p e c t e d
y ie ld s h o u ld g iv e a c r o p c o n s id e r a b ly In e x c e s s o f t h e p r o b a b le r e q u ir e
m e n ts o f t h is c o u n t r y .
W ith b u s in e s s f u lly r e s t o r e d , t h e o il c o n s u m p tio n
s h o u ld b e la r g e r t h a n In a n y p r e v io u s y e a r .
1 1 E S U L T S F O H F I S C A L Y E A R E N D I N G J U L Y 31 1 9 0 9 .
P r o fits a f t e r p a y in g a ll o p e r a tin g e x p e n s e s -------------------------------------- $ 1 ,2 0 4 ,1 8 5
D educt — I n t e r e s t o n b o r r o w e d m o n e y ______________________________
$ 1 8 6 ,1 0 9
D e p r e c ia t io n c h a r g e d o f f __________________________________
9 8 ,4 7 5
N e t p r o llt fo r y e a r _________________________ ______ _______
B A L A N C E S H E E T J U L Y 31 1 9 0 9 .
L ia b ilitie s —A ssels —
$
P l a n t s , e q u ip . & I n v c n t o r y 3 1 ,8 4 5 ,5 7 2 C o m m o n s t o c k . . .
I n v e s t m e n t s _____________
4 4 5 ,3 1 9 P r e fe r r e d s t o c k . .
A c c o u n t s r e c e i v a b l e ---------8 3 3 ,4 8 4 B o n d s p a y a b l e . . .
N o t e s r c c o lv a b le ___________
7 5 ,3 5 3 C u rr e n t a c c o u n t s .
C a sh a n d c a s h I te m s _____
6 3 8 ,9 6 8 S u r p l u s .....................
C o m m o n s to c k In t r e a s ’y .
2 7 ,9 7 0
2 6 ,3 5 2
P r e f. s t o c k In t r e a s ’y ____
U n c a r n e tl I n s u r a n c e _______
2 3 ,5 9 5
486
P r o d u c e K x c h . m e m ’s h l p .
H oard o f T r a d e m e m ’s h l p .
5 ,2 0 3
T o t a l .........................................3 3 ,9 2 2 ,3 0 2
— V . 79, p. 1267.
T o ta l
$ 9 7 0 ,6 0 1
$
1 6 ,7 5 0 ,0 0 0
.1 0 ,7 5 0 ,0 0 0
3 1 5 ,0 0 0
1 6 ,5 0 5
9 0 ,7 0 7
3 3 ,9 2 2 ,3 0 2
C olorad o F u e l & I r o n C o ., D e n v e r , C ol.
( Preliminary Statement for Fiscal Year ending June 30 1 9 0 9 .)
P r e sid e n t J . F . W e lb o rn , S e p t. 15 1 9 0 9 , sa y s:
O n a c c o u n t o f t h e b u s in e s s d e p r e s s io n w h ic h s t a r t e d In O c t . 1 9 0 7 , th e
g r o s s e a r n in g s In t h e y e a r Just c lo s e d s h o w e d a d e c r e a s e o f $ 1 ,7 5 5 ,2 4 0 , or
a b o u t 8 % , a s c o m p a r e d w ith t h e p r e v io u s y e a r ; y e t t h e n e t I n c o m e , b e fo r e
d e d u c t in g fix e d c h a r g e s , in c r e a s e d $ 4 4 6 ,2 7 8 , o r 1 6 .2 % , a n d th e s u r p lu s ,
a f t e r d e d u c t in g a ll fix e d c h a r g e s , s h o w e d a n In c r ea se o f $ 5 6 4 ,0 1 0 .
E A R N IN G S A N D E X B E N S E S F O R Y E A R S E N D IN G J U N E 30.
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
1 9 0 6 -0 7 .
G ro ss e a r n in g s fr o m o p e r a t io n .............. $ 2 0 ,3 4 4 ,0 3 1 $ 2 2 ,0 9 9 ,8 8 0 $ 2 3 ,7 9 2 ,2 9 9
O p e r a tin g e x p e n s e s ..................................... .. 1 7 ,2 2 7 ,8 0 2
1 9 ,3 2 2 ,0 0 4
2 0 .9 3 3 .8 7 1
N e t e a r n in g s ______________________ _ $ 3 ,1 1 6 ,8 2 9
M a n a g e m e n t ____________________ ______
2 1 5 ,8 1 8
$ 2 ,7 7 7 ,8 1 6
2 2 4 ,4 4 9
$ 2 ,8 5 8 ,4 2 8
2 6 2 ,3 8 4
B a l a n c e _____________________________ $ 2 ,9 0 1 ,0 1 1
I n c o m e fr o m o t h e r s o u r c e s ___________
4 4 5 ,7 6 1
$ 2 ,5 5 3 ,3 6 7
3 2 7 ,1 2 7
$ 2 ,5 9 6 ,0 4 4
3 9 6 ,0 5 4
T o t a l n e t I n c o m e ____________________ $ 3 ,3 4 6 ,7 7 2
$ 2 ,8 8 0 ,4 9 4
$ 2 ,9 9 2 ,0 9 8
2 ,4 8 8 ,3 9 6
2 ,5 8 6 ,1 2 8
2 ,5 2 2 ,0 0 6
$ 8 5 8 ,3 7 6
$ 2 9 4 ,3 6 6
$ 4 7 0 ,0 9 2
D ed uct — F ix e d c h a r g e s , A c ., In c lu d in g
t a x e s , I n s u r a n c e , p e r so n a l In ju r y ,
r e a l e s t a t e , s in k in g f u n d s , b o n d In
t e r e s t , g u a r a n t ie s , r e n ta ls , s o c io lo F g le a l e x p e n s e a n d p r o s p e c tin g ______
B a la n c e , s u r p lu s ____________________
— V . 8 7 , p . 1090.
W e s t in g h o u s e A ir B ra k e C o ., P it t s b u r g h :
{Report for Fiscal Year ending July 31 1 9 0 9 .)
T h e c o m p a n y , u n d e r d a t e o f P itts b u r g h , P a ., S e p t . 17
1 9 0 9 , sa y s:
T h e r e s u lt s o f t h e fisc a l y e a r , a s p e r a c c o m p a n y in g s t a t e m e n t , s h o w n e t
e a r n in g s fro m a ll s o u r c e s a p p r o x im a t in g 15% o n t h e In c r ea se d c a p ita l o f
$ 1 4 ,0 0 0 ,0 0 0 , o u t o f w h ic h 10% h a s b e e n p a id In c a s h d i v id e n d s , $ 1 1 8 ,7 1 0
c h a r g e d o ff a g a in s t s u n d r y a c c o u n t s t o c o v e r d e p r e c ia tio n a n d p a t e n t s p u r
c h a s e d a n d $ 5 1 6 ,0 7 6 ca r rie d t o s u r p lu s .
W h ile t h e s e fig u r e s d o n o t s h o w
m a r k e d c h a n g e fro m th o s e r e p o r te d fo r th e y e a r e n d in g J u ly 31 1 9 0 8 , t h e y
a r c In f a c t s ig n if ic a n t w h e n th e la r g e v o lu m e o f b u s in e s s c a r rie d o v e r fro m
19 0 7 t o th e f o llo w in g y e a r Is ta k e n In to c o n s id e r a t io n , a n d I n d ic a te a g r a t i
f y in g c h a n g e In u n d e r ly in g tr a d e c o n d itio n s .
A s th e r e h a s n o t b e e n s u f fic ie n t a d v a n c e In t h e p r ice o f r a w m a te r ia ls to
s u b s t a n t i a l ly a f fe c t I n v e n t o r y v a lu a t io n , th e fu n d p r o v id e d fo r t h e a d j u s t
m e n t o f t h is Ite m r e m a in s a t $ 5 5 0 ,0 0 0 .
A c a r e fu l v a lu a tio n o f t h e p h y s ic a l
p r o p e r ty h a s b e e n m a d e b y a r e lia b le a p p r a is a l c o m p a n y , t h e r e s u lt o f
w h ic h s h o w s t h a t th e Ite m “ W llm e r d in g p la n t , In c lu d in g g e n e r a l o f fic e a n d
s u n d r ie s ,” Is c a r rie d a t a v e r y c o n s e r v a t iv e fig u r e .
D u r in g th e y e a r t h e
p e n s io n s y s t e m r e fe r r e d to In th e l a s t a n n u a l r e p o r t h a s b e e n In a u g u r a te d
w it h h ig h ly s a t is f a c t o r y r e s u lt s .
E xpenses—
1 1 ,23 0, 410
6,9 8 5 ,3 2 8 j
393,2 43 1
1 0 ,5 46, 39 7
5,9 4 1, 4 29
591,85 7
387,361
a A s t o 2 5 % s t o c k d iv id e n d , s e e b e lo w .
BALAN C E SH EET JU L Y
1909.
s
Cash on h a n d .......... 2 ,7 5 7 ,3 6 7
A ccts. & bills r e c . 1,825,551
In v e sts., Incl. stk .
In a sso c’d c o s . . . 8 ,2 9 2 ,8 9 9
T a l e n t s ...............
2 ,0 0 0 ,0 0 0
W ihnerdlng p la n t. 2 ,3 7 9 ,7 8 7
Ileal e s ta te _______ 1,8 0 0 ,0 0 0
F acto ry stores, In
cluding m aterial 2 ,4 2 0 ,3 7 1
A ssets —
31.
1908.
1909.
1908.
§
Liabilities —
$
$
2,0 9 2 ,4 9 4 C apital s to c k ______ 14,0 0 0 ,0 0 0 1 4 ,000,000
1 ,266,563 Itebates, & e____
1 ,348,708 1.183,833
D epreciation re
8,1 3 3 ,9 5 9
serv e fu n d _____
55 0 ,0 0 0
550,000
2 ,0 0 0 ,0 0 0 P ension fu n d ............
119,517
110,000
2,3 1 3 ,8 7 3 Surplus fu n d ............ 5 ,4 5 7 ,7 5 0 x4 , 911,674
1,800,000
3 ,1 4 8 ,6 1 8
.......... ......... 2 1 ,4 7 5 ,9 7 5 2 0 ,7 5 5 ,5 0 7 ;
T o t a l ..................2 1 ,4 7 5 ,9 7 5 20,755,507
x A fter deductin g 25% sto ck d lv ., $ 2 ,7 5 0 ,0 0 0 , paid J a n . 31 1 9 08.— V . 89, p. 7 2 4 .
GENERAL IN V E ST M E N T N E W S.
R A I L R O A D S , I N C L U D I N G E L E C T R IC R O A D S .
A n n A r b o r R R . — Annual fleeting Adjourned.— Owing to
the pending litigation affecting the afTairs of the Detroit
Toledo & Ironton in which its relations with the Ann Arbor
RR. are involved, the annual meeting which was held at
Durand, Mich., on Sept. 18 was, at the direction of Judge
Swan, of the United States Circuit Court, adjourned to
Dec. 18.— V. 89, p. 528, 468.
B a n g o r (M e.) R a ilw a y & E le c tr ic C o .— D i v i d e n d I n c r e a s e d .
— The directors have declared a quarterly dividend of 1 )^%
on $1,500,000 of capital stock, payable Oct. 1 to stockholders
of record Sept. 27, comparing with 1)4% paid last July.
This places the stock on a 6% basis, the company having
made annual distributions of 5% per annum since Oct. 1
1905.— V. 87, p. 1009.
B o s t o n R a ilr o a d H o ld in g C o . — I n c r e a s e o f S t o c k A p p r o v e d .
— The Massachusetts Board of Railroad Commissioners on
Sept. 18 approved the application of the company to issue
$1,049,200 additional stock, which, with $13,743,500 4%
bonds, will be given in payment for the $10,994,800 Boston
& Maine stock purchased by John L. Billard from the New
Haven road. Compare V. 89, p. 528, 161.
B r itis h C o lu m b ia E le c tr ic R y .— N e w S t o c k . — The £500,000
new stock offered to shareholders in order to provide for a
further increase in the supply of power, rolling stock, &c.,
includes 200,000 5% cumulative perpetual preference shares
of £1 each at 21s., 200,000 5% non-cumulative preferred
ordinary shares of £1 each at 22s. and 100,000 preferred
ordinary shares of £1 each at 23s. The shares were offered
to the existing preferred and deferred stockholders regis
tered on Sept. 4 in the proportion of two preference, two pre
ferred ordinary and one deferred ordinary share for every
complete £9 of preferred or deferred ordinary stock held.
— V. 89, p. 720.
B r o o k ly n R a p id T r a n s it C o . — Bonds for Refunding.— The
Public Service Commission will hold a hearing on Oct. 6 on
the application of the Nassau Electric RR. Co. for permission
to issue $730,000 bonds to refund an equal amount of first
consols of the Atlantic Avenue RR. Co., maturing Oct. 1
1909.— V. 89, p. 526.
B r u n s w ic k (G a .) T e r m in a l & R a ilw a y S e c u r itie s C o . — N e w
<
fcc.— See Brunswick Dock & City Improvement Co.
under “Industrials” below; also V. 89, p. 667, 530; V. 81,
p. 612.
C a n a d a A t la n t ic R y . — O l d M o r t g a g e D i s c h a r g e d . — A dissharge of the mortgage for $14,000,000 dated Oct. 31 1903
was deposited in the office of the Secretary of State for
Canada on Sept. 10 1909.— V. S9, p. 528, 347.
C e n tr a l R R . o f N e w J e r s e y . — R e p o r t .— Press reports
show the following results:
N am e,
F isc a l
Y ea r.
Gross
N et
O ther
F ix e d
D iv s .
B a la n ce,
E a r n in g s . E a r n in g s .
In co m e. C harges.
(8 % )
S u r p lu s .
„
5
$
$
$
5
S
1 9 0 8 - 0 9 . . 2 4 ,5 2 0 , 6 5 1
9 ,7 8 2 ,4 5 8 1 ,1 5 2 ,7 5 6 6 ,3 9 7 ,2 2 6 2 ,1 9 4 ,9 4 4 2 ,3 4 3 ,0 4 4
1 9 0 7 - 0 8 .- 2 5 ,5 8 7 , 1 7 7 1 0 ,1 2 0 ,5 3 9 1 ,4 3 2 ,5 3 9 6 ,7 2 9 ,6 0 1 2 ,1 9 4 ,0 4 4 2 ,6 2 8 ,5 2 0
F r o m t h e b a la n c e a s a b o v e w a s a p p r o p r ia te d $ 2 ,0 0 0 ,0 0 0 y e a r ly f o r a d d ltlo n s a n d b e t t e r m e n t s , le a v i n g a s u r p lu s o f $ 3 4 3 ,0 4 4 In 1 9 0 8 -0 9 , a g a in s t
$ 6 2 8 ,5 2 0 111 1 0 0 7 - 0 8 .— V . 8 9 , p . 4 1 0 .
C e n tr a l o f G eo r g ia R y .— L i s t e d .— The New York Stock
Exchange has listed $300,000 additional consolidated mort
gage 5s, due 1945, making total listed to date $18,500,000,
the total amount authorized under the mortgage.
T h e p r o c e e d s o f t h e b o n d s w ill
m o tiv e s, e x te n s iv e n ew sh o p s a t
tio n a l y a r d s , d e p o t s , te r m in a ls
c a p ita l p u r p o s e s .— V . 8 9 , p . 5 9 2 ,
be u sed on a c c o u n t o f n ew cars a n d lo co
M a c o n , G a ., p u r c h a s e o f la n d a n d a d d i
a n d t r a c k s a t su d r y p la c e s a n d o th e r
537, 527.
C h ic a g o M ilw a u k e e & S t . P a u l R y .— N e w D i r e c t o r s . — John
D. Ryan, President of the Amalgamated Copper Co., and
Donald G. Geddes, of Clark, Dodge & Co., both of New York,
have been elected directors to succeed the late Henry II.
Rogers and Peter Geddes, who resigned.
N o N e w F i n a n c i n g . — President Earling is quoted as saying
“There is to be no additional financing arranged for; none is
necessary. After paying all dividends and charges last year
the company had $3,000,000 surplus. The outlook is fine.”
I t h a s b e e n p o in t e d o u t t h a t d iv is io n a l b o n d s t o a t o t a l o f $ 2 2 ,0 0 0 ,0 0 0
w ill m a tu r e In 1 9 1 0 a n d , If r e fu n d e d a t 4 % , a s a v in g o f $ 4 6 0 ,0 0 0 In th e
a n n u a l I n t e r e s t c h a r g e w ill r e su lt, w it h o p p o r t u n it y fo r f u r th e r la r g e e c o n o
m ie s in t h e s a m e d ir e c t io n w it h in t h e n e x t t e n y e a r s .— V . 8 9 , p . 5 9 0 .
C h ic a g o P e o r ia & S t . L o u is R y .— L a r g e M a j o r i t y D e p o s i t e d
— T i m e E x te n d e d .—
A large majority of all classes of securities
called for deposit (consols, income bonds and stock) have
been lodged with the Bankers’ Trust Co. under plan of
July 7 (V. 89, p. 285). Further deposits will be received
until and including Oct. 0. See advertisement on another
page.— V. 89, p. 592.
C h ic a g o S u b w a y C o . — D e c l i n e i n P r i c e o f S t o c k . — The
death of Mr. Harriman, who is said to have owned some
60,000 shares of the capital stock, and, it is supposed, aided
the management financially, has drawn attention to this
company, and probably accounts for the heavy sales of the
stock at declining prices. The Armour interests are quoted
as saying that a receivership is not possible at this time, since
current earnings exceed fixed charges, and President Wheeler
denies that he has been selling his holdings, and asserts that
business is increasing rapidly. The company, he says, has
just ordered 2,000 additional cars and 100 additional loco
motives to care for its new business.— V. 88, p. 100.
T h e s e n o t e s a r e se c u r e d b y t h e d e p o s it w i t h t h e t r u s t e e o f 1 2 5 % o f fir st
m o r t g a g e 5% b o n d s , a n a b s o lu t e first lie n o n a ll t h e p r o p e r ty , r ig h ts a n d
f r a n c h is e s o f t h e c o m p a n y , In c lu d in g a s ta n d a r d -g a u g e ro a d In s o u t h e r n
Id a h o .
T h e ro a d h a s b e e n in a c t u a l o p e r a tio n s in c e .Jan. 2 la s t fr o m G o o d
in g , o n t h e O re g o n S h o r t L in e , th r o u g h W e n d e ll to J e r o m e , 24 m ile s , a n d
Is n o w b e in g b u ilt fr o m J e r o m e to M iln e r , 3 5 .1 5 m ile s , w h e r e It w ill c o n n e c t
w i t h t h e M in n id o k a & S o u t h w e s t e r n , a b r a n c h o f t h e O re g o n S h o r t L in e .
T h e w o r k o f c o n s tr u c t io n is b e in g p u s h e d v ig o r o u s ly .
D u r in g t h e c o m in g
f a ll t h e ro a d w ill b e c o n t in u e d t o O a k le y , a to w n o f 2 ,0 0 0 p o p u la t io n , 2 5
m ile s s o u t h o f M iln e r . T h is ro a d w ill p a s s th r o u g h s o m e o f th e r ic h e s t la n d
In t h e T w in T a ils c o u n t r y , w h ic h Is s o o n t o b e o p e n e d u p fo r e n t r y .
A bout
6 ,0 0 0 a c r e s o f la n d a r o u n d O a k le y h a v e b e e n u n d e r I r r ig a tio n fo r s o m e y e a r s .
T h e s e t t le r s h a v e b e e n o b lig e d , h o w e v e r , t o h a u l th e ir p r o d u c t s b y t e a m ,
t h e n e a r e s t r a ilr o a d s h ip p in g p o in t a t p r e s e n t b e in g a t a d is t a n c e o f 2 0 m ile s .
T h e T w in F a lls N o r th S id e ir r ig a tio n t r a c t , e m b r a c in g 1 8 0 ,0 0 0 a c r e s o f t h e
r ic h e s t a g r ic u lt u r a l la n d , h a s b e e n p r a c tic a lly a ll m a r k e t e d in t r a c t s o f
fr o m 4 0 t o 160 a c r e s e a c h , a n d Is b e in g r a p id ly d e v e lo p e d I n to a t h ic k l y s e t
tle d a g r ic u ltu r a l c o m m u n it y .
T h e c o m p a n y o w n s i t s o w n r ig h t o f w a y , in c lu d in g a 2 0 0 - f o o t s tr ip a n d
la r g e te r m in a l f a c ilit ie s In e a c h t o w n .
In a n t ic ip a t io n o f t h e u l t im a t e o p e r a
t io n o f t h e r o a d b y e le c t r i c it y , w h ic h c a n b e o b t a in e d o n f a v o r a b le t e r m s
fr o m t h e e le c t r ic c o m p a n y u t iliz in g th e p o w e r fro m t h e f a lls o f t h e S n a k e
R iv e r , p o le s fo r p o w e r a n d t e le g r a p h w ir e s h a v e b e e n I n s ta lle d a lo n g t h e
r ig h t - o f - w a y .
A t p r e s e n t t h e r o a d Is o p e r a te d b y s t e a m p o w e r .
T h e p r o c e e d s o f t h e s e n o t e s a r e t o b e u s e d t o r e im b u r s e t h e c o m p a n y f o r
t h e e x p e n s e s In cu rred in c o n s tr u c t in g , e q u ip p in g a n d o p e r a tin g t h e r o a d .
T h e n e t e a r n in g s fo r t h e fiv e m o n t h s e n d in g J u n e 1 1 9 0 9 w e r e $ 3 6 ,3 9 8 .
I n d ia n a p o lis & C in c in n a ti T r a c tio n C o . — R e c e i v e r ’s C e r
E x t e n s i o n . — Judge Vinton Carter of the
Superior Court at Indianapolis on Sept. 16 decided that the
reorganization trustees (V. 86, p. 668) should be given until
April 1 1910 to carry out their plan for reorganization and the
extension of the line from Conncrsville to Hamilton, and he
therefore authorized another issue of receiver’s certificates
to take up the issue of $900,000 of such certificates authorized
C le v e la n d (E le c tr ic ) R y .— P a y m e n t o f F l o a t i n g D e b t — N e w in 1906. Most of the holders of the old issue have consented
E q u i p m e n t . — Judge Taylor in the Federal Court on Sept. 14 to the refunding. The “Indianapolis News” of Sept. 17 said:
W in fie ld T . D u r b in o f A n d e r s o n , I n d ., C h a ir m a n o f t h e r e o r g a n iz a tio n
made an order permitting the receivers to apply $600,000
r
, t
t a
e
t h
r s ee
u
e
to r a
u f ie
of the street car funds on hand to pay the floating debt and ftu u s tse ebsy sn a t etd s ph int gh t o t h o u gphle tte etht e urota d s tw oH ldmbilt a b le w h e r eise osn n fictionnt
nd
ex
r
com
o
a
on,
c
ec
to purchase new cars and equipment at a cost of $125,000.
w o u ld b e m a d e w it h a f a s t lin e to C in c in n a ti w h ic h w ill p r o b a b ly b e in
A n o r d e r w a s a ls o m a d e t o p a y p r e fe r r e d c r e d ito r s o f t h e M u n ic ip a l
T r a c t io n C o . 25% a d d it io n a l, o r $ 7 5 ,0 0 0 . A lt o g e t h e r , $ 2 2 5 ,0 0 0 h a s b e e n
p a id t o t h e p r e fe r r e d c r e d ito r s t o d a t e a n d $ 7 5 ,0 0 0 r e m a in s to b e p a id .
C r e d ito r s w h o a r e n o t In t h e p r e fe r r e d c la s s w ill h a v e t h e ir c la im s t a k e n up
In t h e U n it e d S t a t e s C o u r t, p r o b a b ly n e x t w e e k .— V . 8 9 , p . 3 4 8 , 4 1 .
C le v e la n d
C in c in n a ti C h ic a g o & S t . L o u is R y — P r o v i s i o n
1 1911.— The$5,000,000 note issue which
is to be taken care of from the proceeds of the proposed new
bond issue, falls due June 1 1911, not June 1 1910, as
would appear from the statement appearing in this column
last week.— V. 89, p. 720.
C olo ra d o M id la n d R R . — N e w O f f i c e r s . — Harry L. Hobbs
of Denver has been elected Treasurer to succeed H. B. Hen
son, and L. B. Johnson, formerly Assistant Secretary, as
Secretary, in place of L. E. Katzenbach.— V. 88, p. 504.
f o r N o te s d u e J u n e
tif ic a te s — P r o p o s e d
s t a lle d n e x t y e a r . T h e S h e lb y v ille d iv is io n o f t h e c o m p a n y , h e s a id , w a s a
g o o d p a y in g r o a d , a n d h e b e lie v e d th e C in c in n a ti d iv is io n w o u ld bo v e r y
p r o f it a b le a s s o o n a s It c o u ld b e e x t e n d e d t o H a m ilt o n , w h ic h Is 3 8 m ile s
fr o m C o n n c r s v ille .
R e c e iv e r H e n r y r e p o r te d t h a t d u r in g t h e y e a r c lo s in g l a s t J u n e t h e n e t
p r o fits w e r e I n c r e a s e d , a n d t h e o p e r a tin g e x p e n s e s w e r e d e c r e a s e d .
He
s a id t h e p h y s ic a l c o n d it io n o f t h e r o a d b e d w a s e x c e l l e n t . — V . 8 6 , p . 6 6 8 .
I n d ia n a p o lis N e w c a s t le & T o le d o E le c tr ic R y . — R e c e i v e r ’s
Vinson Carter in Superior Court No. 3,
to which the receivership suit was transferred some time ago,
has recently authorized the issue of $460,000 receiver’s cer
tificates, for which application was made in July 1908
(V. 87, p. 97). The entire lot has been taken by the Union
Trust Co. of Indianapolis in its individual capacity, and the
proceeds will bo used in completing the road, none of which
is now in operation. Contracts are being closed and cars
D a lla s (T e x .) E lec tric C o r p o r a tio n .— D i v i d e n d s R e s u m e d . arc expected to be running from Indianapolis to Newcastle,
miles,
— Dividends on the $2,000,000 preferred stock (now second 43 h e r e s ig nbyio Jan. t1 e 1910.r s a r c In t h e h a n d s o f t h e U n io n T r u s t C o.
T
a t n s o t h o ffic e
preferred) which were suspended following the distribution o f I n d ia n a p o lis , w h ic h h a s a u t h o r it y t o r e o r g a n iz e t h e c o m p a n y , b u t n o
a c tio n to t h is e n d h a s y e t b e e n t a k e n . T h e p r o m o te r s , w h o a r e t h e o f fic e r s
of 2 Y if/o made in April 1907 have been resumed with the o f th e r o a d , h a v e b o u g h t u p o v e r 90 % o f t h e o u t s t a n d in g c la im s , w h o ll y o r
declaration of a dividend of the same amount payable Oct. 11 c h ie f ly a t 3 0 c e n t s o n th e d o lla r .— V . 8 8 , p . 1 4 9 9 .
along with the first semi-annual dividend of 3% on the
I n te r b o r o u g h R a p id T r a n s it C o ., N e w Y o r k . — M o d i f i c a
$1,300,000 new first preferred to holders of record Oct. 8.— t i o n o f N e w S u b w a i / P l a n . — President Shonts on Sept. 22
V. 89, p. 224.
sent a letter to the Public Service Commission modifying the
plan proposed in June last (compare terms, V. 89, p. 664)
E lm ir a (N . Y .) W a te r , L ig h t & R a ilr o a d Co — B o n d s . —
The Public Service Commission, 2d District, has authorized “eliminating therefrom the construction of subways upon
the company to issue $196,000 bonds to provide for out Lexington and Third avenues and substituting in lieu thereof
standing indebtedness and for future improvements and a four-track subway in Madison Ave., with spurs to develop
extensions.— Y. 86, p. 720.
new territory in the Bronx.”
S t. h
w
w u
ex n
w
o
ac
F it c h b u r g R R . — N e w S t o c k . — The shareholders will vote to A t c1 4 6nthc tio n tw e n etw e s u b e s a yF a rom ld dd iv id e , o f tteh ed in g w ait h a two r trb o k s
a on e
ith h W t
s iv is io n
su b
y t
a
ut
Sept. 29 on authorizing the issue of $400,000 new preferred 1 4 9 t h S t . a n il G irard A v e . , a n d w it h tw o tr a c k s fr o m a b o u t 1 4 6 th S t . u p
R e
to
on
tio
p e
o b 's D
x n s io
stock in order to provide for permanent additions and im o f ivthr A tvh. A v ea. cE le n e c e d nl t w .it hm tohdeifiepdr otoo sm d e tMta cis m o n n e ca m n ea tt ea b o unt
e 0
vat
y ,
e
h
c
tio
provements, and for the payment of any debts and obliga 1 6 1 s t S t . a n d R iv e r A v . , t h e sa id p r o p o s e d e le v a t e d e x t e n s io n to c o n t in u e
up
e a
9
a
h
r k e
a d
tions; also on re-affirming the authority of the board to issue th e dlin e T h e R ivmrp a n d .Jeromoet a v ean u e s to 1 p 4 th S tr. a ss a bt w raeye -et x aecn s iole v frtoem
roa .
co
ny has n
c h n g e d Its la n fo
u
t
n
the $150,000 additional preferred stock authorized Sept. 30 4 2 d S t . d o w n 7 t h A v e . a n d V a r le k S t ., & c ., to t h e b a t t e r y , <fcc.— V . 8 9 ’
p . 0 0 3 , 528.
1908, which has not yet been issued.— Y. 88, p. 1002.
K a n s a s C ity M ex ico & O rien t R R . — C o m p l e t e d to S a n A n
G e o r g e ’s C reek & C u m b e rla n d R R . C o .— P a y m e n t o f M a
g e l o , T e x . — The track being laid on the 77 miles between
t u r i n g B o n d s . — The first mortgage bonds, together with six
months’ interest thereon, maturing Oct. 1 1909 will be paid Sweetwater and San Angelo, Tex., the first train was run
on and after that date on presentation at the office of the over the line on Sept. 20. On Oct. 1 regular train service
will be inaugurated from San Angelo north to Wichita, Kan.,
Mercantile Trust Co., 120 Broadway, New York.
making a continuous line of 510 miles. I1rom the last-named
I n A p r il l a s t t h e r e c e iv e r o f t h e W e s te r n M a r y la n d s o ld $ 1 ,2 5 0 ,0 0 0 o f
point the company has trackage arrangements to Kansas
r e c e iv e r ’s c e r t ific a te s , o u t o f th e p r o c e e d s o t w h ic h a s u f f ic ie n t a m o u n t
( s t a t e d a s $ 4 1 ,7 3 4 ) w a s r e se r v e d to r e tir e , In c o n n e c tio n w it h t h e s in k in g
City over the Missouri Pacific.
fu n d , t h e e n t ir e a m o u n t o f t h e s e b o n d s a t m a t u r it y . (V . 8 8 , p . 1 0 0 3 .) O f
L i s t e d . — The London Stock Exchange on or about Sept. 11
t h e $ 1 ,0 0 0 ,0 0 0 c a p ita l s t o c k , $ 9 9 9 ,6 5 0 , w h ic h c o s t t h e W e s te r n M a r y la n d
$ 1 ,8 1 6 ,0 0 0 , Is p le d g e d to s e c u r e t h e a fo r e s a id c e r t ific a te s . T h e g r o s s e a r n granted a quotation to $973,000 additional 4% 50-year first
in g s fo r t h e y e a r e n d e d J u n e 3 0 1 9 0 8 , it Is s t a t e d , w e r e $ 1 1 1 ,6 7 9 , a g a in s t
mortgage gold bonds.— V. 89, p. 348.
$ 3 0 8 ,6 7 0 in 1 9 0 0 -0 7 ; n e t , $ 2 1 ,7 8 1 , a g a in s t $ 1 6 8 ,8 7 1 ; “ o t h e r I n c o m e " $ 1 0 7 ,
0 1 4 , a g a in s t $6 7 ; c h a r g e s , $ 5 1 ,9 1 8 , a g a in s t $ 5 3 ,7 5 0 ; d iv id e n d s , $ 7 5 ,0 0 0 ,
L e h ig h V a lle y R R . — R e p o r t e d S a l e o f R e a d i n g a n d C e n t r a l
a g a in s t $ 1 0 0 ,0 0 0 ; b a la n c e , s u r p lu s , $ 1 ,8 7 7 , a g a in s t $ 1 5 ,1 8 8 .— V . 8 8 , p . 1 0 0 2 .
R R . o f N e w J e r s e y H o l d i n g s . — The price of the company’s
G eo r g ia & F lo r id a R y . — T h r o u g h L i n e C o m p l e t e d . — It is
$50 each) advanced this
announced that the entire main line between Augusta, Ga., shares (par value, Exchange from $96 to $113, week on the
closing about
and Madison, Fla., will be open for traffic Oct. 1, the bridge Philadelphia Stock
over the Altamaha River near Ilazlehurst, Ga., being com $100. The sales reached a large aggregate, and were accom
pleted. Connection will be made with the Seaboard Air panied by reports that the Reading and Central RIt. of
Line at Madison for Jacksonville and at Vidalia for Savannah New Jersey were marketing their holdings and that new
inteVests, possibly some other railroad, were among the pur
and Montgomery.— V. 88, p. 681.
chasers. See remarks in “Financial Situation.” Ihe
H o u s t o n & T e x a s C e n tr a l R R .— C a l l e d B o n d s . — First “Philadelphia News Bureau” of Sept. 22 said:
T h e s t r e e t Is e n t ir e ly a s s u r e d t h a t th e R e a d in g a n d J e r s e y C e n tr a l L e h ig h
mortgage bonds of 1890 aggregating $200,000 have been
y h
v be
In
k
T er
o
a
drawn by lot and will be redeemed at 110 and interest on Vfa llee fsa catr e sb haainea b lee n fsfo ld lly .th eTohpee n maa rin e t .h e ld h2 0 e Is0 ns h c o nsf ir mil tio n
o th
o t
o ic ia
Re d g
,0 0
are an th e
presentation at the company’s office in the Equitable J e r s e y C e n tr a l 3 2 ,0 0 0 s h a r e s o f t h e L e h ig h V a lle y . If t h e R e a d in g s h o ld
g
e b
h
h
m
a v y
d o
p r o fit
t
Building, this city, interest ceasing Nov. 23. See numbers in a s sh a vio n .e e nT s oelds hta ree sc o msp aanbyo u ta s$ 3 0a daen d ife r h e hsaanle sw mse iriaile ao n$ 1h e
tr n a c t
h
co t
,
t
n
t
10
in our advertising columns on another page.— V. 89, p. 224. th e r e w a s a p r o fit o f $ 8 0 p e r s h a r e , o r a b o u t $ 1 ,6 0 0 ,0 0 0 . V . 8 8 , p . 1 4 3 7 .
M ex ico T r a m w a y s . — L i s t e d i n L o n d o n .— The London Stock
I d a h o S o u th e r n R R .— N o t e s O f f e r e d . — J. S. & W. S. Kuhn,
Philadelphia, Pittsburgh and Chicago, are offering at par and Exchange has granted a quotation to the £1,250,000 6%
int. $500,000 first lien 6% notes dated May 1 1909, due 50-year mortgage bonds of £100 each, Nos. I to 12,500, in
$100,000 May 1 1912, $150,000 May 1 1913, $250,000 May 1 lieu of the scrip. Compare V. 88, p. 452, 564.
M id d le s e x & B o s t o n S tr e e t R y .— M e r g e r C o m p l e t e d — This
1914, but redeemable at 102^ and interest on 60 days’ no
tice. Par $1,000. Interest payable M. & N. at Common company some weeks ago absorbed by consolidation the
Newton Street Ry. Co., issuing for this purposo $822,000
wealth Trust Co., Pittsburgh, trustee. A circular says:
C e r t i f i c a t e s . — Judge
newstock in exchange for the $822,000 stock of the Newton
Company. This raised the total stock to $1,262,000, all or
practically all of which, it is understood, is owned by the
Boston Suburban Electric companies.— V. 88, p. 1197.
M in n e a p o lis S t . Paul & S a u lt S t e . M arie R y . — R e p o r t . —
See Annual Reports” on a preceding page.
L i s t e d . — The New York Stock Exchange has listed
$1,005,000 additional first consolidated 4% bonds, due 1938,
making total listed to date $45,891,000.
block of the new stock, quite likely at 125, to provide for the
company’s needs during 1910.
V 89rp
P°594n 2 2 5 a m 8 h i p
P h ila d e lp h ia
&
C o- ~ See
T r e n to n
“ Industrials” below.—
S tr e e t
Ry .— S u ccessb r
See Trenton Bristol & Philadelphia Street Ry.
below.— V. 89, p. 349.
C om pany—
P h ila d e lp h ia & C h e s te r R y .— A d j o u r n m e n t o f F o r e c l o s u r e
bld.ders appearing at the appointed time of the
P u rp o se s fo r W h ic h $ 1 ,0 0 5 ,0 0 0 B o n d s L iste d H a v e B een Is su e d .
T ^ l?.s t r 13.9t 50 m IIe® o f r o a d e x t e n d in g fro m a p o in t o n th e
K e t t le R iv e r in P in e C o u n ty , M in n ., n o r t h e a s t e r ly t h r o u g h
t h e c o u n t ie s o f P in e , M in n e s o ta , D o u g la s , W is c o n s in to D u lu t h ,
o t . L o u is C o u n ty , M in n _______________________________
$1 0 0 0 0 0 0
’ 5,’0 0 0
I n e x c h a n g e fo r a lik e a m o u n t o f M in n e so ta & P a c ific b o n d s I I I I
~ V . 89, p . 287.
B r is to l
Dec
10 - V S 89?p
225 22’ the SaDie W adJou™ d to
aS
a fO S J i!! nanej r° T ra m w a y L ig h t & P o w e r C o .— Initial
^ W W ™ \ u o t ld e n - d
1 7 ° ' ~ A s Predicted by Chairman
Wdbam Mackenzie (V. 89, p. 412), the directors have de
M u tu a l T e rm in a l C o. o f B u ffa lo .— B o n d s O f f e r e d . — William clared an initial quarterly dividend of 1% on the $31,250,000
Salomon & Co., New York and Chicago, arc offering at 95
O e f 1 ,sto.ck' Payable Nov. 1 to stockholders of record
and interest, yielding 4.40% income, the unsold portion of
t4125, 219CmS the St° Ck ° n a 4% dividend basis.— V. 89,
$574,000 first mortgage 4% sinking fund gold bonds; interest p C
and sinking fund guaranteed under agreement one-fourth
S a lt L a k e & U t a h V a lle y R R .— S o l d . — This property was
each by the New York Central & Hudson River RR. Co.,
Delaware Lackawanna & Western RR. Co., Lehigh Valley Salt t t o ^ y . - V * 79, * ? & ? . t0 W‘ S’ McComick & C o >
jnc^ ? r.e RR- Co. These bonds are dated July 1
l
S t . L o u is & S a n F r a n c is c o R R . — O f f e r i n a o f N e w I s s u e n f
1904 and due July 1 1924, but redeemable as an entire issue
or any part thereof on any interest date at 102^ and interest E q u i p m e n t B o n d s — Moffat & White, New York and Chicago*
% income the unaoldpS
HP°“ s‘* A eeks n?tice- Authorized $5,000,000; outstand Hnn°5erm? at P7 Ces to yield 4%$2,600,000 equipment gold
„
tion of an issue of approximately
ing $3,419,000; retired by sinking fund $804,000; reserve for
nes 1 . datcd Oct. 1 1909, maturing about
’.
future improvements and additions $777,000. Trustee, *^<w?nndS’ se.
$12o,000 semi-annually from April 1 1910 to Oct. 1 1919
Guaranty Trust Co., N. Y. Par $l,000c*. Int. J. & J.
Coupon form in $1,000 denomination. Bankers’ Trust Co
Abstract of Letter from Pres. Chas. M. Heald, Buffalo, N. Y., Sept. 11 1909.
Na^, Yo. k’ trustee- Interest A. & O. A circular savs- ’’
r
™.o r t ^ c o n a ll t h e p r o p e r ty d ir e c t ly o w n e d
I s la n d
Rt nnkd n
I
r f™
n
o
c o m p a n ie s .
a n d b y a i r st lie n o n t h e M u tu a l T r a n s it C o . a n d
°f ^
®Ptlr<5 ISSUCS ° f b°n<lS a tld C a p ita l
N o lie n s o r o t h e r f u n d e d d e b t c a n b e c r e a t e d
SSfflb.'SSSS®5 SfftS?SS5 5 ?."
“ c ",'M "c
h ,,cd ss
G u a ra n ty .— T h e e n t ir e c a p ita l s t o c k o f t h e M u tu a l T e r m in a l C o Is o w n e d
b y t b e f o llo w in g c o m p a n ie s , e a c h o f w h ic h , u n d e r a g r e e m e n t d a t e d J a n . 2
1 9 0 o , a s a m e n d e d , g u a r a n t e e s to p a y o n e - fo u r t h t h e in t e r e s t a n d s in k in g
fu n d c h a r g e s o n th e s e b o n d s , If In d e f a u lt , s o l o n g a s t h e v s h a ll r e m a in
o u t s t a n d in g .
(T h e T e r m in a l C o . h a s p a id a il in t e r e s t . & c ^ t n f u ll, t o d a te )“
Y . C e n t . & H u d s o n R iv e r R R . C o . f L e h lg h V a lie v R R p n
D e la w a r e L a c k . & W e s te r n R R . C o. Erie R R . C o f
S a id s t o c k h a s b e e n d e p o s ite d w it h t h e G u a r a n ty T r u s t Co
tru ste e as
c o m p a n ie s 'hn a * 3<^Jl?gate^ l t s e lf ' tte f aa s se amh o fn t h co no ^fom rLht l o f e d m l l r b a ^
c o m p a n ie s a s s o o iig a t c u i t s e lf o ^ u c e o ly ^ e - - u t
o n n n v rtpfAiiit-
p r iv ile g e I t h a s u n d e r t h e s in k in g fu n d a g r e e m e n t to m a k e g o o d a n v d e f a .d t
MSfiSSSS S t
te r m in a l p r o p o r t y
U u lM T .r M M e g
G ross e a r n i n g s -------------- 5 1 .2 0 6 ,4 5 2
T o tal incom e-----------Bond an d o th e r In te re s t.
5 1 .3 7 8 .0 9 8
$ 269,027
$ 267,886
142,475
144,125
$ 1 0 1 7 752
ana
*873349
$ 180,889
1 1 0 ,0 0 0
2 !
119,000
X?S?ig8 K r K S T .r y ‘“ W t t f f l r S f
K
th e P c n n s y i v a n i a ' a n f o t h e ^ r a ilr o a d
W
30 V
r o a d lin e s a t C le v e la n d a n d D u l u t h a s w e ll m t h e " S o o
tl,l e/ a l l ‘
M ic h . C o m b in in g e x t e n s i v e t ^ I S l W
M I S e a n d ^ ^ ,l^ S m o n M S S t o r
r o u t e v ia t h e G re a t L a k e s , th e c o m p a n y h a s f a c ilit ie s fo r h a n d l i n g a n e n o r
m o u s t o n n a g e In p a c k a g e fr e ig h t a s w e ll a s g r a in , o r c o a l & c S
T o n n a g e H a n d led ; S h o r t y the G rowth o t toe C o m p a n y 's B u s in e ss
7 3 5 ,6 4 2 t o n s
7 9 8 ,4 2 7 t o n s
C om pare V. 8 8 , p. 1310.
N e v a d a -C a lifo r n ia -O r e g o n
ing June 30:
F isc a l
G ross
V*™'*™*
4 2 8 ,2 7 8 t o n s
B y . — R e p o r t .— For year end
J
N et
* il
^
4 8 3 ,6 4 4 t o n s
’ 44 to n s
O ther
I n t .,
* \ i k TI
*
P
p
f l p
l l i g
S a n D ie g o & C u y a m a c a R y .— ^ e w C o m p a n y T a k e s P o s
N
S e p t . 1 this new company took over all the
property of the San Diego Cuyamaca & Eastern RR. (V 87
Vino4? ’ Th^ m
fficers ? re- ^ dayton, Pres.; C. L. Bundy I
r
Vice-Pros, and Treas.; H. L. Titus, Sec. and Auditor. Office
San Diego, Cal.
S a n D ie g o C u y a m a c a & E a s te r n R R .— S u c c e s s o r .— See
ban Diego & Cuyamaca Ry. above.— V. 87, p. 545.
s e s s io n .— O n
S e c o n d A v e n u e R R ., N e w Y o r k .— R e c e i v e r ’s C e r t i f i c a t e s
Justice1 O’Gorman in the Supreme Court on
nnnn2o7 authonzcd Receiver George W. Linch to issue $500,
000 6% one-year receiver’s certificates, having a first lien
0
IVhbe P^°Perfy> f° be sold at par for improvements
A u th o r iz e d .—
$ 252,742
S u r p l u s ----------------------$ 1 2 0 ,5 5 2
$ 1 2 3 ,7 6 1
$ 7 0 ,8 8 9
$ 1 3 3 ,7 4 2
tr. Kh°rPc lu '
J
I * 1* r> o n c r ty o f t h e M u tu a l T e r m in a l C o . is c e n t r a lly lo c a t e d
3 ,r
r
d i s t r ic t o f B u ff a lo , w i t h in o n e m lfe o f t h e
f e e t on t W e n ^ i m d com ,prIs?s 5 22 a c r c s o f la n d , w it h fr o n ta g e o f 1 ,4 8 6
s t e e l a n d h H e k L r ^ n Cji n a l ; w h a r v e s , f r e ig h t h o u s e 1 0 0 x 1 ,0 0 0 f t . , a n d a
s t e e l a n d b u c k g r a in e le v a t o r , c a p a c it y 3 ,0 0 0 ,0 0 0 b u s h e ls , t h e la r g e s t In
h? r b ? r * °»f ih2 s u b s id ia r y c o m p a n ie s , t h e I s la n d R R . C o . o w n s
i V h n r ac £SfaflJ(
o f w a y a d j a c e n t t o s a id p r o p e r ty a n d c o n n e c te d
5 ‘&
fin ? n n n 8eFie o » ^ e<L |P m e n t t r u s t b o n d s , a m o u n t in g t o a p p r o x im a t e ly 52 u
P f .D i v . C om D iv B a la n ce
lia 'S
s u , p l!ls a9 a b o v e In 1 9 0 7 -0 3 w e r e d e d u c t e d $50,000'fo" r Im n ro v c r
e e L - V . ^ s s * . 1 f . 7 4f£ 2 . p c r m a u o n t im p r o v e m e n ts , i L v l n g a b a la n c e o f
r
A v e n u e R R . S y s t e m th r o u g h G ra n d S t r e e t e a s t e r ly to t h e B o w e ? v - J n ,i
?9 a t h c r ly to B a y a r d a n d F o r s y th s t r e e t s . A m o n g o t h e r p u r p o s e s f o r w h ic h
t lie p t o c e e d s o f t h e c e r t ific a te s a r e to b e u s e d a re: T h e r e b u ild in g o f t h e e a r
b a r n s a t 9 6 th S t a n d 2 d A v e . , w h ic h w e r e b u r n e d o u t . p a r t o f f h e i o s s b^ L ^ , ™ recl b y ln s u r a n c f . $ 1 3 9 ,0 0 0 ; n e w c r o s s o v e r s a n d u n d e r g r o u n d c o n s t i u c t io n a t s e v e n c r o s s in g s , a n d t h e r e m o v a l o f c u r v e s a t se v p r a f dm i-n
S o u t h w e s t e r n S tr e e t R y . — F o r e c l o s u r e S a l e P o s t p o n e d . —
lhe foreclosure sale has been postponed from Sept. 21 to
Dec. 8. Compare V. 89, p. 226.
S u ffo lk S y n d ic a te , B r o o k ly n , N . Y .— S t o c k I n c r e a s e . — The
shareholders will meet at the office of the company, room
}.217>44 9ourt St-> Brooklyn, N. Y., on Oct. 6 to vote on
the following propositions:
}■ T o ^ c r e a s e t h 3 a u t h o r iz e d c a p ita l s t o c k b y 1 ,5 9 9 s h a r e s o f t h e n a r
s h a r c s ° o * t h e p f vaO u ^ o V $ ^ 0 ° ^ h U th0rlZ ed CaP‘ta l StoCk sha11 b e 6 '? "
l
oi
2n F ° c la s s “ y t h e c o m m o n a n d p r e fe r r e d s t o c k s o t h a t $ 2 5 0 0 0 0 t h e r e o f
t h e p a r v a iu e? o f ilO O e a c h * 4 o u;t? ° o f th tC e u nc,on3lsi lns tooctk t - 0 9 a lls h a r e s ^ of
h
tu c p a r v a l u or $ iu u e a c n , m
o f t h COf’ is s u e d S
sh 9
ho
c u m u la t iv e p r e fe r r e d sto c lc (w ith p r e fe r e n c e a ls o a s to r e -p a y m e n t o f n rin °
®
^ s to c k h o fd e r ^ a t^pa r
d° accrue^:l* ?n t e r es t ^ t° a ay
°< t h e
p r o c e e d s ? ™ e iv e d fro m a ^ /a n f f 0
r e d e m p t io n o f s u c h p r e fe r r e d s t o c k a ll
^ m paroP y 8
v
8 ! lio i.
M a t i n g a t t h e t im e o f s u c h r e c e i p t .”
«
Avenue H R , N e w Y o r k . - P l a n D i s a p p r o v e d .-T h e
Public Service Commission, First District, on Sept. 23 gave
HniafvnaQim° U
n
s
?5fiC Si0n d ?aPProving fch Plan of reorganiza
v
1
L
e
p.
mainly
1903
1906 “ d 3% eaCh iD tion (V. 88, nor1501),probable on the ground that neither the
fixed a^ets
the
earnings justify the increased
& W ic k fo r d R R . & S te a m b o a t C o ., R h o d e I s la n d . capitalization. In brief the decision says
in i h o «1 nn non By ,vlrtuo ,of fch power of sale contained
c
*" *"0 d “"“ "r O
"0 :
T
in the $100,000 mortgage dated Jan. 22 1891, the Rhode
2 . I h e a p p lic a n t s d o n o t h a v e a v e s t e d r ig h t t o c a p ita liz e fr a n c h is e s o r
Island Hospital Trust Co., mortgage trustee, will offer the
t ° 3 e0T?mnf i^p lic a n tC h A v e O a ii!S iP/ OV*sk>,ls t°Ja t h t h Pru ^ S enoentc ^ r n m n » w r
•). 1 n c a p iic a n ts s n a v e f» ile d to p r o v e h t ° e e arp ^ f c l n w .
f
property for sale at auction at Newport, R. L, on Oct 28
N e w O rlea n s & N o r th e a s te r n R R .— D i v i d e n d I n c r e a s e d .—
w !lw lvU t lVldcne ^ f .5% has bcen dcclared, contrasting
{iL
w E k f o r d ' B L ° T I rf n d i £ X tenl?,In g rrom W lc k fo r d J u n c t io n ‘to
.'S S m S o i.;
s s a ‘L w io ra e a V 5o0o, 0 0 0 ,
t s iz r , 1 0 ®
o u t s t a n d in g a t l a s t a c c o u n t s , $ 7 5 ,0 0 0 .
au
R N 0 w t o n (M a s s .) S t r e e t R y . - M e r g e d ,-S ee Middlesex &
Boston Street Ry. above.— V. 85, p. 921.
?u fJ !^ c n t v a lu ® to
a c a p ita liz a t io n o f $ 7 3 ,0 0 0 ,0 0 0 .
P
^
b ond s1 h * ^ s a,a n oto o llffnrndnC? t lo n s t h a t t h c P res c n t o u t s t a n d in g s t o c k a n d
b o ? dSn T ? o 8 L
d60>00. ° — a r e n o t r e p r e s e n t e d b y a c tu a l p r o p e r ty
T lie n e t e a r n in g s w ill p r o b a b ly b e le s s t h a n t h e e s t i m a t e g i v e n h v t h e
r e c e iv e r , c e r t a in I te m s h a v in g b e e n o m it t e d .
g i v e n dj. t n e
0.
B u t e v e n a c c e p t in g h is e s t i m a t e , th e r e Is n o e v id e n c e t h a t t h e n e w
c o m p a n y w o u ld e a r n a s u f fic ie n t n e t I n c o m e t o p a y I n t e r e s t u n o n t h e ad
J u s t m e n t b o n d s , p a r v a lu e $ 3 2 ,0 0 0 ,0 0 0 , a f t e r p a y in g o n e r a tln v e x n e n s e s '
t a x e s a n d i n te r e s t o n p r io r lie n s .
1 * k °P er8w n» ex p en ses,
8 . T h e is s u a n c e o f s e c u r it ie s w it h s o g r e a t a nrohnhiiitTr
. .
N e w Y o r k N e w H a v e n & H a rtfo r d R R .— Vein S t o c k — The
shareholders will vote Oct. 27 on authorizing the issue from
b ” c a r ” c<l
“ a i u .t o S u ^ n L ," a
S n °it0ttime ° f- f 40>
00d>
000 new stock, in order, it is underM ? . ^ a % e B sa a°.L.3si2,1 d’ ** ■ *h“ ■ »«»
s rS
“
»
nhlfiitl™ pr0VJdr f0L the Paymenfc of maturing short-term in
f
obligations and for the making of additions and improve b o n d h o ld e r s 0 w it h ' m t l ^ p r o l S l y o M h f r e t u m Vn m a n t
ments as now or hereafter required. It is commonly ro^ n V r r^ : o n W o h S ta n § ln B thC
o
ar t olders of convertible bonds
nd
1 2 . T h e p la n in v o lv e s t h e c a p it a liz a t io n o f t a x e s u n n a ld I n t e r e s t re
will be offered the privilege of subscribing for a considerable ^ V e e n e ^ ^ V 0 t6 9 y !>m % °2p cr c a p ,t a l c h a S S T w S W f f iS a b T e
x pe
he
i l i
T r e n to n B r is to l & P h ila d e lp h ia S tr e e t R y .— N e w C o m p a n y
in P o s s e s s io n .—
Carl N. Martin of R. T. Martin & Co., Phila
delphia, on Sept. 22 wrote:
A t a m cetln n - h e ld t h is d a y J o h n R e d w o o d a n d C arl N . M a r tin , p u r
c h a s e r s o f th e P h ila d e lp h ia B r is to l & T r e n to n S t r e e t R y . (V . 8 0 , p . 3 4 0 ) ,
a c tln ir fo r t h e b o n d h o ld e r s ’ c o m m i t t e e , s o ld a n d t r a n sfe r r e d to th e I r e n to n
B r is to l & P h ila d e lp h ia S t r e e t R y . C o ., a c o r p o r a tio n e x is t in g u n d e r th e
la w s o f t h e S t a t e o f P e n n s y lv a n ia , a ll t h e p r o p e r ty a n d a s s e t s o f t h e fo r m e r
c o m p a n y . T h e c o n s id e r a t io n w a s $ 3 2 3 ,0 0 0 In t h e c a p it a l s to c k o f th e
T r e n t o n B r is to l & P h ila d e lp h ia S t r e e t R y . C o . a n d a n o b lig a t io n o f $ 3 d 0 ,000
T h e o ffic e r s o f th e T r e n to n B r is to l & P h ila d e lp h ia S t r e e t R y . C o.
a r e E d w a r d D . T o la n d , P r e s .; C arl N . M a r tin , S e c . a n d T r e a s .; a n d th e
f o llo w in g d ir e c to r s:
E d w a r d D . T o la n d , o f P h ila d e lp h ia ; G eo rg e B la k is t o n e a n d J o h n R e d w o o d , o f B a ltim o r e ; G rier H e r s h , o f Y o r k , P a .: a n d
C arl N . M a r tin , J o s e p h S . C la rk a n d W illia m L . C h r ls m a n .a ll o f P h ila d e lp h ia .
Tri-City Railway & Light Co.— N e w D i r e c t o r .— Arthur
Coppell of Maitland, Coppell & Co., New York, has been
elected a director to succeed C. J. McQuaig.— V . 88, p. 1129.
Union Street Ry., New Bedford, Mass .— Yew S e c u r i t i e s . —
The Massachusetts Railroad Commission has authorized
the company to issue 8100,000 5% bonds; also 8225,000
additional capital stock at 8140 a share. The proceeds will
be used to pay floating debt.— V. S8, p. 940.
Union Railway Gas & Electric Co., New York.— I n i t i a l
D i v i d e n d _The directors have declared an initial dividend
of 1 U % on the 84,250,000 of preferred stock, payable
Oct. 1 to stockholders of record Sept. 23. The company
is a holding company for public service corporations in
Rockford, Springfield and Peoria, 111., and Evansville, Ind.
See V. 89, p. 220.
V ic k s b u r g S h r e v e p o r t & P a c ific Ry.— D i v i d e n d s R e s u m e d
o n P r e f e r r e d S t o c k . — This company, which from 1902 to
1907 paid the full 5% per annum on its preferred stock, but
in 1908 omitted the distribution in entirely, has declared
a preferred dividend of 5% out of the earnings of the year
1908-09.— V. 87, p. 1290.
W e s t e r n Maryland R R . — L i s t e d . — The New York Stock
Exchange has authorized to be listed 815,085,400 Equitable
Trust Co. deposit receipts for stock and $5,000,000 Equitable
Trust Co. purchase warrants for new common stock, to be
issued under the reorganization plan, Y. 89, p. 287
P a y m e n t o f B o n d s o f C o n tr o lle d
R o a d . — See George’s
Creek & Cumberland RR. above.— V. 89, p. 000.
W h e e lin g & L a k e E rie R R .— R e p o r t . — For year ending
June 30:
F isc a l
Y ea r —
Gross
ea rn in g s.
N e t (over)
ta x es.
O ther M tg . bd.
O ther
in co m e. in terest, cleducs.
ferred and $29,501,100 common stock; also the listing of
$5,000,000 additional preferred stock, as issued under the
terms of the circular to stockholders dated July 19 last.
G
’ompare V. 89, p. 227.
A t la n t ic (C op p er) M in in g C o . — A s s e s s m e n t . — An assess
ment of $2 per share (par $25) on the $2,500,000 stock has
been levied to pay floating debt and provide working capital.
This will make the stock $11 80 per share paid in.— Y. 80,
p. 474.
B r o a d -E x c h a n g e C o ., N e w Y o r k . — B o n d O f f e r i n g . — The
Equitable Trust Co. and Swartwout & Appcnzellar, are of
fering at 1002^ and int. by advertisement on another page
$3,450,000 Broad-Exchange Co. first mortgage 4% gold
bonds due July 1 1929. The bonds are secured by a first
mortgage on the Broad-Exchange Building at the corner of
Broad Street and Exchange Place, New York City, also on
No. 41 Broad St. The average net earnings over a period of
7 years are officially stated to have been $342,751 per annum,
equivalent to 2 > times the interest charge on this issue of
jd
bonds. Subscriptions will be received up to 3 p. m. Friday,
Oct. 1. The bonds are tax-exempt in New York State.
See particulars in advertisement.— V. 89, p. 595.
Central Loather Co.— S u i t W i t h d r a w n — M e r g e r A p p r o v e d .
— A settlement having been reached with the minority
preferred stockholders of the United States Leather Co.,
the injunction restraining the stockholders of the two ^com
panies from approving the merger was withdrawn on Thurs
day. The stockholders of the Central Leather Co. yesterday
ratified the plan unanimously, while at the meeting of the
shareholders of the United States company 1,203,215 votes
were cast in favor of it and only 300 in opposition.— Y. 89,
p. 723, 595.
mi
^„
„r
Iia la n c c ,
s u r. or d e f.
1 0 0 8 -0 0
$5 6 3 3 6 4 5 S I , 1 7 2 ,5 0 1 d r . 6 2 5 ,6 8 5 $ 3 2 1 ,1 1 0 $ 7 9 8 ,3 6 4 s u r .$ 2 7 ,4 3 2
1 0 0 7 OR
5 5 3 9 7 001
840 714
1 6 0 180 1 ,0 3 3 ,0 3 0 5 7 7 ,7 9 7
t lc f .0 0 .1 .9 2 7
1900 07
~ 6 124 2 0 7 1 7 7 1 9 2 0
1 2 0 .4 3 1 1 ,0 3 3 ,0 3 0 5 2 7 ,0 9 2
s u r .3 3 2 .2 2 0
10T h p I n t e r e s t on bonds in 1 9 0 8 -0 9 In c lu d e s o n ly t h e I n te r e s t p a id b y th e
r e c e iv e r
" O th W d e d u c t io n s ” In 1 9 0 8 -0 9 in c lu d e In a d d it io n t o t h e ite m s
o f I n t e r e s t o n e q u ip m e n t o b lig a t io n s , I n te r e s t a n d d is c o u n t a n d r e n ts p a id
for r o a d ancl e q u i p m e n t , t h e f o llo w in g Ite m s : I n t e r e s t o n r e c e iv e r s c e r t io
r a te s $ 9 6 1 2 3 ^ I n t e r e s t o n r e c e iv e r ’s c e r tlO c a te s , $ 6 1 ,6 7 0 , a n d e q u ip m e n t
o b lig a t io n s p a id b y r e c e iv e r , $ 2 3 7 ,8 7 7 .— V . 8 0 , p . 2 2 7 .
W illia m s p o r t & N o r th B r a n c h R R .— S a l e o f B l o c k o f S t o c k
— There was sold at auction on Sept. 22 at the Philadelphia
Bourse 3,005^ shares ($150,250) of the outstanding $400,000
preferred stock of the company at S3 per $50 s h a r e f he
purchase, it was said, was made by an officer of the Fidelity
Trust Co. of Philadelphia for capitalists whose purpose has
not been disclosed.— V. 78, p. 2386.
W is c o n s in C e n tr a l R y . — S t o c k C e r t i f i c a t e s , & c . — See report
of Minneapolis St. Paul & Sault Ste. Marie Ry. under ‘ An
nual Reports” on a preceding page.— V. 89, p. 44.
I N D U S T R I A L , G A S A N D M IS C E L L A N E O U S .
A m e r ic a n A g r ic u ltu r a l C h em ic a l C o .— A c t i o n a s to D i v i d e n d
The directors at their meeting
this week, it is stated, discussed fully the question of declaring
an initial dividend on the common stock, but finally decided
to postpone action at least until December. V. 89, p. 7 2 2 ,
527.
o n C o m m o n S to c k D e fe r r e d .—
A m e r ic a n I r o n & S t e e l M a n u fa c tu r in g C o .— S p e c i a l D i v i
d e n d . — The
C en tra l N e w Y o r k T e le p h o n e & T e le g r a p h Co .— M e r g e r . —
See New York Telephone Co. below.— V. 89, p. 723.
C h a m b e r3 b u r g
E n g in e e r in g
C o .— B o n d s
C a l l e d . — Ten
($10,000) bonds dated Oct. 1 1906, namely, Nos. 16, 34, 60,
99, 104, 114, 140, 145, 160 and 199, have been drawn for
redemption on Oct.l at 105 and interest at the office of the
Girard Trust Co., Philadelphia, trustee.— V. 85, p. 860.
C h a p m a n V a lv e C o ., I n d ia n O rch ard , M a s s .— P u r c h a s e o f
directors of the Pratt &
Cady Co. have voted not to recommend the sale of the
company’s assets to the Chapman Co., and John S. Camp,
who was President of the Chapman Co. before Adolph W.
Gilbert, has been elected to fill the vacancy caused by the
resignation of Mr. Gilbert in order to become President of the
Chapman Co.
. . . .
N e w S t o c k S u b s c r i b e d . — Enough subscriptions, it is repor
ted, have been received for the $300,000 new preferred stock
to assure the success of the issue.— V. 89, p. 350.
C orn P r o d u c ts R e fin in g C o . — N e w D i r e c t o r s . — F. T.
Fisher and George Moffett have been elected directors to
succeed F. Q. Barstow and Joy Morton, who resigned.—
V. 89, p. 106.
D a v is (C o tto n ) M ills, F a ll R iv e r .— Yew T r e a s u r e r .— Frank
L. Carpenter of Fall River has been elected Treasurer to
succeed the late Arthur II. Mason. V. 86, p. lo32.
P r a t t & C a d y C o . N o t E f f e c t e d .— T h e
E a s t e r n S te a m s h ip C o ., B o s t o n — F i r s t D i v i d e n d o f R e
o r g a n i z e d C o m p a n y . — The
directors on Sept. 22 declared an
initial quarterly dividend of 1% on the $3,000,000 capital
stock, payable Nov. 1 to stockholders of record Oct. 15.
The following has been published:
E a r n in g s fo r E ig h t M o n th s en d in g A u g . 31 (“ * ” m ea n s net loss fro m oper.)
J a n .-A p r . M ag.
June.
J u ly .
Aug.
T o ta l.
G ro ss 1 9 0 0 . . . $ 2 1 6 , 0 8 3 5 1 1 2 ,0 2 5 $ 1 0 8 ,0 4 4 $ 3 3 1 ,1 3 8 $ 3 8 5 ,7 5 0
1 0 7 ,0 3 3
1 8 6 .5 6 1 3 1 1 ,5 0 0 3 4 7 ,5 7 6
1 .1 5 8 .4 2 8
1 0 0 8 ________ 2 0 5 .7 4 4
N e t 1 9 0 9 _______ £ 6 9 ,3 5 7
9 ,3 9 0
0 7 ,2 7 5
1 0 9 ,6 8 0 2 2 3 ,2 1 4
1 9 0 8 __________£ 7 7 ,6 4 3
7 ,3 4 7
5 6 ,6 8 2
1 4 8 ,9 7 1 1 8 8 ,5 2 0
3 2 3 ,8 8 6
T h e c o m p a n y Is e a r n in g a t t h e r a te o f 10% u p o n Its s t o c k a b o v e
c h a r g e s u p o n Its $ 2 ,0 0 0 ,0 0 0 o f b o n d s . T h e d ir e c t o r s , it Is s t a t e d , h a v e la id
a s id e o u t o f t h e y e a r ’s e a r n in g s $ 1 2 0 ,0 0 0 , o r 4 % o n t h e s t o c k , t o m e e t th e
y e a r ’s d iv id e n d r e q u ir e m e n ts .— V . 8 9 , p . 4 7 2 .
E l e c t r ic a l S e c u r it ie s C o r p o r a tio n , N e w Y o r k .— C o m m o n
directors on Sept. 18 declared the regular quar S t o c k D i v i d e n d N o i v Q u a r t e r l y .— On July 1 1909a first divi
terly dividend of 1 } 4 % on the common and preferred stocks, dend, 4%, for the six months ending June 30 was paid
payable Oct. 1 on stock of record Sept. 22; also a special on the $2,000,000 common stock. Dividend No. 2, now
dividend of 6% on the preferred stock, payable Sept. 17 to declared, is 2% for the three months ending Sept. 30;
stockholders of record Sept. 17, to equalize the dividends it is nayable Oct. 1 to holders of record Sept. 50. lhe usual
heretofore paid on the preferred stock for the years 1905 and 2 y > % (semi-annual) on the $1,000,000 preferred will be
1906 with those paid on the common stock for those years. paid Nov. 1 to holders of record Oct. 29. Compare V. 89,
Compare V. 89, p. 44.— V. 88, p. 1623.
p . 409.
A m e r ic a n R o llin g M ill C o ., M id d le to w n , 0 .-10 0 % S t o c k
F r e m o n t (O h io) P o w e r & L ig h t Co — B o n d s O f f e r e d . —
D i v i d e n d . — The “ Ohio State Journal” of Sept. 18 said:
Cameron & Co., First National Bank Building. Chicago, own
T h e h o ld e r s o f t h e [ $ 1 ,1 0 0 ,0 0 0 ] c o m m o n s t o c k w ill r e c e iv e a 100% s to c k
and offer at par $500,000 first mortgage 6% gold bonds dated
i i i q V s o o n a s e n o u g h p r o x ie s a r c r e c e iv e d t o a u t h o r iz e a n in c r e a se
Sept. 1 1909 and due $50,000 annually on Sept. 1 from 1920
o f I t h e ^ a pi t a l& took * fro m $*! f o o o lo 6 0 t o $ 3 ,0 0 0 ,0 0 0 .
s
T h e n e w s to c k Is to
b e p a id fo r o u t o f t h e s u r p lu s e a r n in g s . T h e c o m m o n d iv id e n d s , w h ic h
to 1929 inclusive, but redeemable on any interest date,
h a v e b e e n 10% fo r s o m e t im e , h a v e b e e n In c r e a se d t o 1 2 % . a n d t h e n e w
Sept. 1 1914 to March 1 1919, at 105 and interest, and on or
s to c k w ill s h a r e t h e s a m e r ig h ts a s t h e o ld . T h e c o m p a n y h a s p la n t s a t
inririipt-m vn 'iiifl Z a n e s v ille a n d Is t h e s o le p r o d u c e r o f a c o m b in a t io n
after Sept. 1 1919 at 1 0 2 % and interest. Denominations
m e t a l m a d e f r o n / c o p X aAct ^ l ^ n l z e d t in , t h e b u lk o f w h ic h g o e s to
$1,000, $500 and $100, interchangeable. Interest (M. & S.)
P itt s b u r g h .
T h e p r o fits fo r t h e l a s t y e a r h a v e b e e n e n o i m o u s . th e e a r n in g s
o f o n e m o n t h a lo n e b e in g s u f f ic ie n t t o p a y t h e d iv id e n d o n t h e ($ 8 0 0 ,0 0 0
payable at Colonial Trust & Savings Bank, Chicago, tiustcc,
a ® /1 nrefp rrpri s t o c k t w ic e o v e r . T w o y e a r s ’ d iv id e n d s o n t h e p r e fe r r e d
without any deduction for taxes which the company may
s t o c k h a v e b e e n I n v e s te d t o g u a r a n t e e t h a t t h e p r e fe r r e d w ill b e p r o t e c t e d .
C om pare V. 8 9 . p . 3 5 0 .
_
be required to pay. A circular says:
.
A m e r ic a n S c r e w C o ., P r o v id e n c e .— D i v i d e n d i n c r e a s e d .
The directors have declared a quarterly dividend of 2%
on the $3,250,000 stock, payable Sept. 30 to holders of
record Sept. 23. From Doc. 1907 to June 1909 the rate was
1
quarterly; prior to Doc. 1907 2
every three months.
Compare V. 86, p. 858, 549.
A m e r ic a n W o o le n C o . — S t o c k o n R e g u l a r L i s t ,
'the New
York Stock Exchange has authorized the transfer from the
unlisted department to the regular list of $35,000,000 pre
S e c u r e d b y a n a b s o lu t e fir st m o r t g a g e o n t h e I w d r o - e le e n l c d e v e lo p
m e n t o f t h e w a t e r n o w e r o n t h e S a n d u s k y R iv e r a t I r e n io n t , O h io , 11 ,> a c r e s
o f la n d v a lu a b le r ip a r ia n r ig h t s , p o w e r h o u s e s , s u b - s t a t io n s , t r a n sm iss io n
U n e s ! f r a n o W s e 3 ^ n u a ll pro p erties* n o w o w n e d o r h e r e a ft e r a c q u ir e d
A
s in k in g fu n d w ill r e c e iv e e a c h y e a r , o u t o f e a r n in g s , a n a m o u n t e q u a l to
4% o f t h e b o n d s t h e n o u t s t a n d in g , to b e In tm stc d B y
t r u s t e e a n d \iaoU
o n ly to r e tir e t h e b o n d s . C o m p a n y Is o r g a n iz e d um der t h e la w s o f O h io ,
a n d h a s a u t h o r it y u n d e r a n o r ig in a l g r a n t fr o m t h o U n it e d S t a t e s G o v e r n
m e n t to c o n s tr u c t a n d p e r p e tu a lly m a in t a in a d a m o n t h e S a n d u s k y R lv c i
a t B a llv ille , a s u b u r b o f F r e m o n t, O ., t h e r e b y c o m b in in g a n d d e v e lo p in g
t h e e n t ir e fa ll o f w a t e r o n t h e lo w e r r a p id s o f th e r iv e r .
O u r e n g in e e r s e s t i
m a te t h a t t h e v o lu m e o f w a t e r , a s s h o w n b y t h e G o v e r n m e n t r e co r d s s in c e
1 8 9 8 , w ill d e v e lo p a m ln im u m o f 3 ,0 0 0 h . p . th e e n t ir e y e a r .
T h e c o m p a n y h a s u n d e r c o n s tr u c t io n : (1) A t C e m e te r y H ill s i t e , a c o n
c r e t e d a m 291 f e e t lo n g , 36 'A f e e t h ig h , b a s e 3 0 f t . w i d e , s e t I n s o lid r o c k
b o t to m fiv e f e e t b e lo w th e b e d o f t h e s tr e a m .
(2) S t e e l p r e s su r e p ip e Hue
3 ,0 0 0 f e e t lo n g a n d 14 f e e t In d ia m e t e r , t o c a r r y t h e w a t e r to t h e p o w e r
h o u se.
(3) H y d r o -e le c t r ic p o w e r p la n t , b r ic k c o n s tr u c t io n , 8 8 f e e t lo n g ,
3 5 f e e t w i d e , w it h h y d r a u lic m a c h in e r y h a v in g c a p a c it y o f 3 ,1 2 5 h . p
(1) S t e a m a u x i li a r y e m e r g e n c y p l a n t , b r ic k c o n s tr u c t io n , c a p a b le o f p r o p u c in g 1 ,2 5 0 h . p .
(0) A b o u t 5 m ile s o f t r a n s m is s io n lin e s (3 p h a s e d is r lb u t l o n ) , c o n n e c t in g w ith t h e d iffe r e n t fa c t o r ie s In F r e m o n t.
F r e m o n t h a s a p o p u la t io n o f 1 4 ,0 0 0 a n d m a n u f a c t u r in g p la n t s r isin g
m o r e th a n 3 ,0 0 0 h . p .
U se r s o f o v e r 2 ,1 0 0 h . p . h a v e a g r e e d t o c o n t r a c t
w it h th is c o m p a n y f .r p o w e r a s s o o n a s It c a n b e f u r n is h e d .
A s th e r e a r c
p r a c tic a lly n o o t h e r w a t e r p o w e r s it e s In n o r t h e r n O h io , t h e c o m p a n y is a s
su r e d a r e a d y m a r k e t a t p r o fita b le r a te s fo r a ll th e p o w e r t h a t c a n b e p o rduccd.
Y e a r ly g r o s s In c o m e e s t i m a t e d b y t h e c o m p a n y ’s e n g in e e r , $ 1 8 0 ,
00 0 ; d e d u c t e s t i m a t e d c o s t ol' o p e r a tin g s t e a m a u x ilia r y (th r e e m o n t h s ) ,
$ 1 1 ,2 1 0 ; o p e r a tin g h y d r o - e le c tr ic p l a n t , $ 9 ,7 2 0 a n d in t e r e s t , s in k in g fu n d ,
m a in t e n a n c e , & c ., $ 9 0 ,5 3 2 ; a b a la n c e , s u r p lu s $ 6 8 ,5 3 8 .
for underlying divisional liens, $400,000; total authorized,
$2,000,000. Of the underlying bonds $150,000 are callable
after Feb. 1 1911 at par and interest. A letter from Presi
dent Carleton Macy affords the following information:
International Nickel Co. — E x t r a D i v i d e n d . — The company
has declared a dividend of 1% and
extra on the
$17,442,000 common stock, payable Dec. 1 to holders
of record Nov. 11. On Sept. 1 last an initial distribution of
1% was made. The regular quarterly dividend of lj^ % on
the $8,912,026 of preferred stock was also declared, payable
Nov. 1.— V. 88, p. 1562.
Metropolitan Steamship Co.— R e p o r t e d N e w H a v e n I n
t e r e s t .— It is currently reported that Charles W. Morse, who
admits that he has purchased a large number of claims
against the company, will have a large, if not a controlling,
interest in the stock of the reorganized company, which wiil
take over the property after the foreclosure sale on Oct. 8
next. It is also stated, while not officially confirmed, that
the New York New Haven & Hartford RR. will have a suf
ficient interest in the stock to ensure the maintenance of
amicable relations in the passenger-rate situation.— V. 88,
p. 1562.
Mortgage Bond Co.— L i s t e d .— The New York Stock
Exchange has listed $2,000,000 4% 10-60-year mortgage
coupon bonds, Scries 2, due 1966, with authority to add to
the list from time to time $1,000,000 additional bonds on
notice of sale, making the total amount authorized to be
listed $3,000,000. Compare bond offering, V. 88, p. 1441.
New Haven Iron & Steel Co.— R e p o r t .— For the fiscal
year ending Aug. 31:
R e p u b lic I r o n & S t e e l G o. — L i s t e d .— The New York Stock
Exchange has authorized the $4,14S,000 preferred stock
recently sold (V. 89, p. 290, 533) to be added to the list
on and after Oct. 1 as paid for in full, making the total
amount authorized to be listed $25,000,000.— V. 89, p. 527,
533, 476.
S ta n d a r d M illin g G o. — E x t r a D i v i d e n d O m i t t e d .— The direc
tors have declared the regular semi-annual dividend of
1 /£% on the $6,900,000 (5% non-cumulative) preferred stock,
payable Oct. 30 to stockholders of record Oct. 25, but
omitted to declare an extra dividend of
of 1% which was
paid in October 1908 and April 1909.
F isc a l
Y ear.
Gross
S a le s.
1 9 0 8 - 0 9 .............. $ 2 7 6 ,7 1 7
1 9 0 7 - 0 8 _______ 3 1 8 ,5 3 3
— V. 87, p. 038.
N et
P r o fit.
O ther
In c .
$ 1 3 7 ,9 4 5
$ 2 ,8 2 7
1 3 6 ,7 3 7 d e t . 2 0 ,1 2 3
G ross
P r o fits .
$ 1 ,1 3 3
4 ,2 9 1
D iv .
B a la n ce,
(6 % ).
S u r p lu s
________
$ 3 ,9 6 0
$ 3 0 ,0 0 0 d e f . 1 4 ,1 6 8
New Y o r k D o c k C o . — N e w D i r e c t o r . — Charles S. Brown of
New York has been elected a director, to succeed the late
C. C. Cuyler.— V. 88, p. 1257.
N e w Y o r k & N e w J e r s e y T e le p h o n e C o .— S a l e A u t h o r i z e d .
— The stockholders voted on Sept. 22 to sell the property
of the company to the New York TelephoneCo.— V. 89, p.724.
N e w Y o r k T e le p h o n e C o . — N e w S t o c k .— The stockholders
on Sept. 20 voted to increase the capital stock from $50,
000,000 to $100,000,000 for the purposes stated in V. 89,
p. 724. A certificate has been filed with the Secretary of
State of the merger of the Central New York Telephone &
Telegraph Co. with the New York Telephone Co.— V. 89,
p. 724.
N ip is s in g M in e s C o .— D i v i d e n d I n c r e a s e d . — The directors
on Sept. 21 declared a quarterly dividend of 5% and 2^2%
extra on the $6,000,000 capital stock, both payable Oct. 20
to shareholders of record Sept. 30. Beginning last January
the quarterly payments were 3% and 2% extra; prior to
1909 regular quarterly dividends of 3% had been paid since
July 1906 with 2% extra in Jan. 1907 and Oct. 1906.—
V. 89, p. 167.
O hio F u e l S u p p ly C o ., C o lu m b u s .— N e w S t o c k . — The share
holders having authorized an increase in the capital stock
from $8,000,000 to $10,000,000, holders of record on Oct. 1,
it is announced, will be permitted to subscribe at par ($25
a share) for $1,000,000 of the new stock, to the extent of
12j/£% of their respective holdings. The new stock will
be issued and must be paid for in full Oct. 20.— V. 89,
p. 724, 667.
P a c k a r d M o to r Car C o . — R e - i n c o r p o r a t e d . — The “Cleveland
Leader” of Sept. 5 said:
T h e P a c k a r d M o to r C a r C o ., w h ic h w a s o r g a n iz e d in W e s t V ir g in ia e le v e n
y e a r s a g o , b e c a m e a M ic h ig a n c o r p o r a tio n S e p t . I . A t t h is t im e t h e c a p ita l
s to c k w a s in c r e a s e d to $ 1 0 ,0 0 0 ,0 0 0 .
O f t h is a m o u n t h a lf b e c a m e p r e fe r r e d
a n d h a lf c o m m o n s t o c k . T h e I n c r ea se In c a p ita l s t o c k is m a d e to n i c e
t h e c o m p a n y ’s n e e d s fo r a d d it io n a l f a c i l it ie s .— V . 7 7 , p . 1 7 5 0 .
Pope
M a n u fa c tu r in g C o ., H a r tfo r d . — D i v i d e n d s . — The
directors Sept. 21 declared an accumulated dividend of
6% on the $2,400,000 preferred stock, payable Sept. 30 1909
to stockholders of record Sept. 29 1909, and a further divi
dend of 1 )^% on the preferred stock, payable Nov. 1 1909
to stockholders of record Oct. 26. An exchange journal says:
T h e c o m p a n y c lo s e d o n A u g . t a v e r y s u c c e s s f u l y e a r , w it h n e t p r o fits
o f c lo s e t o $ 5 0 0 ,0 0 0 [a n o th e r p a p e r s a y s t h a t In 1908 fr o m th e s a le o f 4 0 0
a u t o m o b ile s th e e a r n in g s w e r e $ 4 0 0 ,0 0 0 .— E d . “ C h r o n ic le .” ] T h e p r o p e r ty
is e n t ir e ly fre e f r o m d e b t , t h e la s t I n s ta llm e n t o f n o t e s , a m o u n t in g to
$ 5 3 3 ,0 0 0 , h a v in g b e e n p a id o ff .J u ly 1 . T h e 1 9 0 9 -1 0 p r o d u c t (“ 1 ,0 0 0
P o p e - H a r t f o r d ” ) a u t o m o b ile s is a lr e a d y s o ld a h e a d .
[T h e iln a l r e p o r t o f th e r e c e iv e r s o f t h e o ld c o n c e r n . H ied o n J u l y 2 6 ,
s h o w e d t h a t a f t e r p a y in g its g e n e r a l c r e d ito r s In fu ll th e r e r e m a in e d a s s e t s
s u f f ic ie n t t o p a y 4 1 .2 7 7 % o n t h e $ 2 , 3 9 1 , 0 0 0 -p r e fe r r e d s t o c k , o f w h ic h
$ 2 ,3 7 1 ,4 0 0 to o k p a r t In th e r e o r g a n iz a t io n .
T h e P o p e A u to m o b ile W o r k s
o f T o le d o w e r e s o ld b y th e r e c e iv e r s fo r $ 4 0 0 ,0 0 0 t o t h e O v e r la n d A u t o
m o b ile C o. T h e W a v c r ly p la n t w a s s o ld t o R ic e & J o h n s o n fo r $ 2 0 0 ,0 0 0 .
— E d .] — V . 8 9 , p . 5 9 6 .
Q u e en s B o r o u g h G as & E le c tr ic C o ., N e w Y o r k .— B o n d s .
— Wm. A. Read & Co., New York, recently purchased and,
it is understood, have largely placed at 99 and interest, a
block of general mortgage 5% gold bonds, dated 1902 and
due July 1 1952. Interest J. & J. in New York. Denomina
tion $1,000 (c*). Now outstanding, $1,600,000; reserved
O r g a n iz e d u n d e r t h e la w s o f N e w Y o r k S t a t e a n d d o e s t h e e le c t r ic a n d
g a s lig h t in g b u s in e s s in t h e R o c k a w a y d is tr ic t o f N e w Y o r k C ity ( F if t h
W a r d , I lo r o u g h o f Q u e e n s ) .
H a s n o c o m p e t it io n a n d o p e r a te s u n d e r
p e r p e tu a l f r a n c h is e s b o t h fo r g a s a n d e le c t r i c it y , e x c e p t th a t t h e fr a n c h is e s
o n t h e N a s s a u C o u n ty r o a d s a r c fo r f if t y y e a r s fr o m 1 8 0 4 .
G ro ss e a r n in g s
f o r t h e y e a r e n d in g J u l y 1 1 9 0 9 ( la s t t w o m o n th s e s t i m a t e d ) , $ 3 6 9 ,2 5 1 ; n e t
a f t e r t a x e s , $ 1 9 2 ,7 4 0 ; I n te r e s t o n $ 2 ,0 0 0 ,0 0 0 b o n d s , $ 1 0 0 ,0 0 0 ; b a la n c e ,
s u r p lu s , $ 9 2 ,7 4 0 .
P o p u la t io n h a s a b o u t d o u b le d s in c e 1 9 0 5 a n d is in c r e a s
in g e v e n m o r e r a p i d ly .
S u r p lu s h a s b e e n r e - in v e s t e d fo r d c \ i lo p m e n t
a n d e x t e n s io n o f t h e b u s in e s s , $ 5 6 ,0 0 0 b e in g a p p r o p r ia te d fo r d e p r e c ia tio n
in 1 9 0 7 , $ 5 6 ,6 8 6 In 1 9 0 8 a n d $ 7 5 ,0 0 0 is t o b e a p p r o p r ia te d fo r 1 9 0 9 .—
V . 82, p. 933.
P r e v io u s D iv id e n d Record o f P referred S to c k.
1893.
1 9 0 4 to 1 9 0 6 .
A p r il 1 9 0 7 to A p r il 1 9 0 8 .
O cf. 1 9 0 3 — A p r il 1 9 0 9 .
1%
2 % y e a r ly .
3 % y e a r ly ( l 'A % s .- a .) E a c h 1 A % & Y i% e x t r a
— V. 87, p. 1092.
T a c o m a ( W a s h .) G a s C o . — S t o c k I n c r e a s e .— This Dela
ware corporation filed on Sept. 21 a certificate amending
its charter by increasing its capital stock. The increase is
from $3,000,000 to $7,500,000. The incorporators are prin
cipally Chicago men. Compare Y. 89, p. 596, 108.
U n it e d S t a t e s F in is h in g C o . — B o n d s C a l l e d .— All of the
outstanding ($445,000) first mortgage 6% bonds of the Sil
ver Spring Bleaching & Dyeing Co. have been called for pay
ment on Oct. 1 1909 at par and interest at the office of the
Industrial Trust Co., Providence, R. I. The consolidated
mortgage 5% bonds of the Finishing Co. will now become
an absolute first mortgage on the Silver Spring (Providence,
R. I.) plant.
E a r n i n g s .— The net earnings for the 12 months ending
June 30 1909 were $863,918, comparing with $488,401 for
the corresponding period in 1907. The regular quarterly
dividends have been declared payable Oct. 1 to holders of
record Sept. 18, namely, No. 41, of l% % ,o n the $3,000,000
preferred, and No. 3, of 1%, on the $1,500,000 common stock.
— V. 88, p. 1377.
U n it e d S t a t e s L e a th e r C o . — M e r g e r .— SceCentral Leather
Co. above.— V. 88, p. 629.
Wilmington ( D e l.) G a s C o. — B o n d s O f f e r e d .— Drexel & Co.,
Philadelphia, and Brown Bros. & Co., New York, Phila
delphia and Boston, are offering at 98 and interest, by ad
vertisement on another page, $2,000,000 “first and refund
ing sinking fund mortgage” 40-year 5% gold bonds dated
Sept. 1 1909. These bonds will fall due Sept. 1 1949, but
are redeemable at option of company at 105 and interest
either on Sept. 1 1919 or any interest date thereafter, as an
entire issue, or on Sept. 1 1924 or any interest date there
after for an annual sinking fund of $25,000, beginning in
1924. To this sinking fund will be added the interest on
bonds retired thereby. Interest payable M. & S. Girard
Trust Co., Philadelphia, trustee. Par, $1,000 (c*).
Digest of Letter from President Clarence H. Qeist, Sept. 17 1909.
C a p ita liza tio n .
F ir s t M . 4 A s o f W ilm . G a s & E le c tr ic C o . (a ll o f
w h o s e fr a n c h is e s a n d p r o p e r ty h a v e b e e n a c q u ir e d
b y th e W ilm in g t o n G a s C o . ) ---------------------------------------$ 1 ,0 0 0 ,0 0 0
L e s s d e p o s ite d w it h t r u s t e e o f “ fir st a n d r e fu n d in g
s in k in g fu n d m o r t g a g e ,” s u b j e c t to lie n t h e r e o f ------7 0 0 ,0 0 0 * $ 3 0 0 ,0 0 0
“ F ir s t & r e fu n d in g s in k in g fu n d m o r t .” 5% b o n d s , $ 5 ,0 0 0 ,0 0 0 ,
le s s r e s e r v e d fo r 8 5 % o f c o s t o f b e t t e r m e n t s , e x t e n s i o n s ,
a d d it io n s a n d a lte r a tio n s ; (a) W h e n n e t e a r n in g s a r e 50 %
in e x c e s s o f t o t a l in te r e s t c h a r g e , in c l. b o n d s a p p lie d fo r ,
$ 1 ,0 0 0 ,0 0 0 ; (6) W h e n n e t e a r n in g s a r e 7 5 % in e x c e s s t h e r e o f ,
$ 2 ,0 0 0 ,0 0 0 ; r e m a in d e r o u t s t a n d in g __________________ _______ ___ $ 2 ,0 0 0 ,0 0 0
P r e f. 6% c u m . s t o c k , $ 1 ,5 0 0 ,0 0 0 a u t h .; o u t s t a n d in g ____________ 1 ,0 0 0 ,0 0 0
C o m m o n s t o c k , a ll o u t s t a n d in g ................................ .....................................- 3 ,0 0 0 ,0 0 0
* N o te .— T h e o u t s t a n d in g W ilm in g t o n G a s & E le c tr ic C o. 1 s t m t g e . 4 A %
b o n d s (d a te d 1 9 0 1 , d u e 1 9 3 0 ) are c a lla b le D e c e m b e r 1 1 9 1 1 .
The com
p a n y h a s a u t h o r iz e d th e m t o b e c a lle d a n d h a s d e p o s ite d w it h t h e G ira rd
T r u s t C o ., t r u s t e e , a f u n d s u f f ic ie n t n o t o n ly t o r e d e e m t h e b o n d s b u t t o
p a y a ll in te r e s t a s it m a tu r e s t h e r e o n u p t o t h a t t im e .
T h e fr a n c h is e s o f t h e c o m p a n y a r e p e r p e tu a l a n d it h a s t h e r ig h t t o m a n u
f a c t u r e a n d d is tr ib u t e g a s a n d e le c t r i c it y fo r l ig h t in g , f u e l a n d p o w e r .
A t p r e s e n t it is e n g a g e d o n ly in t h e m a n u f a c t u r e a n d d is tr ib u t io n o f g a s ,
a n d it is t h e o n ly c o m p a n y in W ilm in g t o n In t h e g a s b u s in e s s . T h e p r o p
e r t y c o n s is t s o f a w e ll- e q u ip p e d m o d e r n c a r b u r e tt e d w a t e r g a s g i a n t , w i t h
a y e a r ly c a p a c it y o f a b o u t 3 0 0 ,0 0 0 ,0 0 0 c u b ic f e e t; a b o u t 93 m ile s o f m a in s
n e a r ly 1 5 ,0 0 0 a c tiv r f s e r v ic e s , o v e r 1 ,0 0 0 s tu b s e r v ic e s t o t h e c u r b lin e In
a n t ic ip a t io n o f s tr e e t p a v in g , a n d o v e r 7 ,0 0 0 g a s r a n g e s .
R e su lts fo r Y ea rs en d in g N o v . 3 0 .
1908.
1907.
1906.
1905.
1904.
1903.
G ro ss r e c e ip ts* .$ 2 8 9 ,0 0 0 $ 2 9 1 ,0 0 0 $ 2 7 7 ,0 0 0 $ 2 5 5 ,0 0 0 $ 2 5 1 ,0 0 0 $ 2 7 7 ,0 0 0
N e t a f te r o p .e x p . 1 4 5 ,0 0 0 1 4 0 ,0 0 0 1 2 8 ,0 0 0
1 0 9 ,0 0 0
9 9 ,0 0 0
9 2 ,0 0 0
F o r th e e ig h t m o n th s e n d e d A u g . 31 1 9 0 9 t h e g r o s s r e c e ip t s w e r e $ 1 8 8 ,2 7 2 ;
o p e r a tin g e x p e n s e s 8 8 5 ,8 9 9 , a n d in c o m e fr o m o p e r a tio n $ 1 0 2 ,3 7 3 , w h ic h
is a t th e r a te o f 3 1 5 3 ,5 6 0 fo r t h e fisc a l y e a r to e n d N o v . 3 0 1 9 0 9 .
I h a v e a lr e a d y in a u g u r a t e d m e t h o d s w h ic h I e x p e c t w i l l , w i t h i n th r e e
y e a r s , in c r e a s e t h e o u t p u t b y n o t le ss t h a n 1 5 0 ,0 0 0 ,0 0 0 c u b ic f e e t p e r a n n u m ,
1. c ., to a b o u t 4 5 0 ,0 0 0 ,0 0 0 c u b ic f e e t .
A t t h e p r e s e n t p r ic e o f g a s t h is
o u t p u t w o u ld y ie ld g r o s s r e c e ip t s fo r t h e y e a r 1 9 1 2 o f a b o u t $ 4 5 0 ,0 0 0 a n d
n e t in c o m e o f s a y $ 2 2 5 ,0 0 0 . T o a c c o m p lis h t h is r e s u lt I e x o e c t t o s p e n d
$ 2 2 0 ,0 0 0 u p o n t h e w o r k s , $ 5 5 ,0 0 0 in r e in fo r c in g t h e m a in s a n d a b o u t $ 1 2 5 ,
0 0 0 fo r e x t e n s io n s in t h e d is tr ib u t in g s y s t e m .
O f t h is a m o u n t , a b o u t
$ 3 4 0 ,0 0 0 w o u ld b e s p e n t d u r in g t h e n e x t t w o y e a r s .
A t t h a t t im e t h e in
t e r e s t c h a r g e w o u ld b e $ 1 2 0 ,0 0 0 , or 5% o n $ 2 ,4 0 0 ,0 0 0 o f t h e s e b o n d s .
In J u l y 1 9 0 9 W . A . B a e h r o f C h ic a g o e s t i m a t e d t h e o u t p u t o f g a s
a s fo llo w s ; 1 9 1 0 , 3 3 2 ,0 0 0 .0 0 0 c u . f t.; 1 9 1 1 , 3 8 6 ,0 0 0 ,0 0 0 c u . f t.; 1 9 1 2 , 4 4 3 ,
0 0 0 ,0 0 0 c u . f t.; 1 9 1 3 , 5 0 0 ,0 0 0 ,0 0 0 c u . f t .; a n d t h e n e t e a r n in g s a s $ 1 6 6 ,0 0 0 ,
$ 1 9 3 ,0 0 0 , 5 2 2 1 ,0 0 0 a n d 5 2 5 0 ,0 0 0 r e s p e c t iv e ly .
M r. F o r s t a ll’s e s t i m a t e Is:
1 9 1 0 , 3 3 3 ,5 0 0 ,0 0 0 c u . f t .; 1 9 1 1 , 3 7 3 ,5 0 0 ,0 0 0 c u . f t .: 1 9 1 2 , 4 0 7 ,1 0 0 ,0 0 0 CU.
f t .: 1 9 1 3 , 4 3 1 ,5 0 0 ,0 0 0 CU. f t .; 1 9 1 4 , 4 4 8 ,1 0 0 ,0 0 0 CU. f t .
T h e p o p u la t io n In 1 8 8 0 w a s 4 2 ,0 0 0 ; in 1 8 9 0 , 6 1 ,0 0 0 ; in 1 9 0 0 , 7 6 ,0 0 0 , a n d
a t t h e p r e s e n t t im e is e s t im a t e d t o b e a b o u t 8 8 ,5 0 0 .
m um .
READING COMPANY.
T W E L F T H A N N U A L R E P O R T — F O R T H E F IS C A L Y E A R E N D E D J U N E 30 1 9 0 9 .
Reading Company, General Office, Philadelphia, October
To the Stockholders of Reading Company:
11 1 9 0 9 .
T h e B o a r d o f D ir e c to r s s u b m it th e ir r e p o r t for th e fiscal y e a r e n d e d J u n e 3 0 1909 o f R e a d in g C o m p a n y , th e P h ila d e lp h ia
a n d R e a d in g R a ilw a y C o m p a n y a n d T h e P h ila d e lp h ia & R e a d in g C oal & Ir o n C o m p a n y .N e t r e s u lt o f th e b u s in e s s o f th e th r e e C o m p a n ies for th e p a s t fiscal y e a r a n d c o m p a r is o n w ith p r e v io u s y ea r:
1 9 0 8 -1 9 0 9 .
1 9 0 7 -1 9 0 8 .
$ 4 0 ,2 0 7 ,2 0 1 47
2 3 ,8 2 5 ,0 7 3 53
$ 4 2 ,6 0 4 ,5 9 5 3 4
2 5 ,4 5 8 ,2 9 0 00
N e t e a r n i n g s ----------------A d d itio n s a n d b e tt e r m e n ts .
$ 1 0 ,4 4 1 ,5 8 2 94
1 ,8 0 5 ,7 2 2 18
$ 1 7 ,2 0 0 ,2 9 9 2 8
9 3 7 ,6 5 9 0 4
F ix e d c h a rg e s a n d ta x e s
$ 1 4 ,6 3 5 ,8 0 0 70
$ 1 0 ,0 7 6 ,3 1 4 ,9 3
$ 1 6 ,2 0 8 ,6 3 9 0 4
9 ,9 2 3 ,0 0 0 2 1
P H?L A D E L P H I A & R E A D I N G C O A L & I R O N C O
R e c e ip ts
E xpenses
$ 3 4 ,7 9 2 ,0 9 4 46
3 2 ,0 4 5 ,8 6 8 76
P H IL A D E L P H I A & R E A D IN G R A IL W A Y C O M P A N Y R e c e i p t s __________________________________________________
O p e r a t i n g e x p e n s e s ______________________________________
THE
N e t e a r n i n g s ..............................
N e w w o r k a t c o ll i e r i e s ----------------I n te r e s t o n d e b t to R e a d in g Co
D e p l e t i o n o f l a n d s f u n d .................
$ 4 ,5 5 9 ,5 4 5 83
$ 0 ,3 4 3 ,6 3 9 43
$ 3 8 ,0 1 4 ,4 2 0 61
3 4 ,3 0 4 ,8 0 2 7 2
$ 2 ,7 4 0 ,8 2 5 70
$ 1 ,1 7 2 ,2 0 4 79
9 8 5 ,0 0 3 19
4 0 5 ,7 0 7 59
$ 3 ,7 0 9 ,0 1 7 89
$ 1 ,2 8 0 ,0 1 0 6
1 ,5 8 4 ,4 8 5 4 0
5 1 4 ,3 4 9 90
2 , 5 7 2 ,9 7 5 57
$ 1 7 3 ,8 5 0 13
1 0 6 ,8 7 6 42
F ix e d c h a rg e s a n d ta x e s .
3 , 3 8 4 ,8 4 5 0 •j'
$ 3 2 4 ,7 7 1 9 4
1 1 7 ,2 4 8 17
6 6 ,9 7 3 71
S u r p l u s --------------------R E A D I N IG C O M P A N Y —
G
In co m e _
E xpenses
2 0 7 ,5 2 3 7 7
$ 9 ,0 7 6 ,1 5 3 36
3 3 ,9 7 2 87
$ 9 ,0 4 2 ,1 8 0 49
4 ,6 2 0 ,7 8 5 30
N e t e a r n i n g s --------------F ix e d c h a rg e s a n d ta x e s .
$ 7 ,5 9 2 ,3 3 3 61
9 7 ,1 9 0 31
$ 7 ,4 9 5 ,1 4 3 3 0
4 ,5 9 9 ,5 5 3 04
S u r p l u s ________________
4 ,4 1 5 ,3 9 5 19
2 ,8 9 5 ,5 8 9 66
S u r p lu s c f th re e c o m p a n le ? .
$ 9 ,0 4 1 ,9 1 4 73
$ 9 ,4 4 8 ,7 5 2 8 6
T h e g r o ss r e c e ip ts o f th e R a ilw a y C o m p a n y d e c r e a se d $ 2 ,3 9 7 ,3 3 3 8 7 . T h e o p e r a tin g e x p e n s e s d e c r e a se d $ 1 ,6 3 2 ,0 1 7 5 3 .
T h e g r o ss r e c e ip ts o f th e C oal & Ir o n C o m p a n y d e c r e a se d $ 3 ,2 2 1 ,7 2 6 15 d u rin g th e p a s t fiscal y e a r a s c o m p a r e d w ith
t h e p r e v io u s fiscal y e a r a n d th e e x p e n s e s d e c r e a s e d $ 2 ,2 5 8 ,9 3 3 9 6 , a n e t d e c re a se o f $ 9 6 2 ,7 9 2 19. T h e p a y m e n t s o n
a c c o u n t o f n e w w o rk a t c o llie r ie s, in te r e s t o n d e b t a n d d e p le tio n o f la n d s fu n d d e c re a se d $ 8 1 1 ,8 7 0 3 8 . T h e d e c re a se w a s
$ 1 0 ,3 7 1 7 5 in th e fix ed c h a r g es a n d t a x e s . T h e su rp lu s for th e y e a r w a s $ 6 6 ,9 7 3 7 1 , a s a g a in s t $ 2 0 7 ,5 2 3 77 for th e p r e v io u s
y e a r , a n e t d e c re a se o f $ 1 4 0 ,5 5 0 0 6 .
T h e g r o ss r e c e ip ts o f R e a d in g C o m p a n y in c r e a se d $ 1 ,4 8 3 ,8 1 9 7 5 . T h ere w a s a n in c re a se o f $ 2 7 ,2 3 1 66 in fix ed c h a r g es
a n d t a x e s , le a v in g a n in c r e a se in su r p lu s o v e r th e p r e v io u s fiscal y e a r o f $ 1 ,5 1 9 ,8 0 5 5 3 .
T h e n e t in c re a se o f th e fix e d c h a r g e s a n d t a x e s of th e th r e e c o m p a n ie s for th e y e a r e n d e d J u n e 30 1909 a s c o m p a r ed
w ith th e y e a r e n d e d J u n e 30 1908 w a s $ 3 3 ,5 9 4 8 4 , a s fo llo w s:
June
30 1900.
June
30 1908.
In crea se.
F i x e d c h a r g e s a n d t a x e s , P h i l a d e l p h i a & R e a d i n g R a i lw a y C o m p a n y -------------------------------------- --------------T h e P h i l a d e l p h i a & R e a d i n g C o a l & I r o n C o m p a n y ------------------------- --------- ---------------------------- ------------------
$ 1 0 ,0 7 6 ,3 1 4 93
1 0 0 ,8 7 0 4 2
4 ,6 2 0 ,7 8 5 3 0
$ 9 ,9 2 3 ,0 0 0 21
1 1 7 ,2 4 8 17
4 ,5 9 9 ,5 5 3 04
$ 1 5 3 ,3 1 4 72
D e c . 1 0 ,3 7 1 7 5
2 7 ,2 3 1 66
L e s s I n c o m e o f R e a d i n g C o m p a n y i n c l u d e d In f ix e d c h a r g e s o f P h i l a d e l p h i a & R e a d i n g R a i lw a y C o . .
$ 1 4 ,8 0 9 ,9 7 0 6 5
4 , 3 2 7 ,4 7 6 78
$ 1 4 ,6 3 9 ,8 0 2 02
4 ,1 9 0 ,8 9 6 99
$ 1 7 0 ,1 7 4 63
1 3 0 ,5 7 9 79
$ 1 0 ,4 8 2 ,4 9 9 87
$ 1 0 ,4 4 8 ,9 0 5 03
$ 3 3 ,5 0 4 84
T h o a c c u m u l a t e d s u r p l u s e s o f t h e t h r e e C o m p a n ie s , J u n e 3 0 1 9 0 9 , w e r e a s f o llo w s :
R E A D I N G C O M P A N Y , J u n o 3 0 1 9 0 8 -------------------------------------------------------------------------------------------- -------------Y e a r e n d e d J u n e 3 0 19 0 9 ( i n c l u d in g $ 5 ,0 0 0 ,0 0 0 0 0 d i v i d e n d s p a id b y P h i l a d e l p h i a & R e a d i n g
R a i lw a y C o m p a n y ) .................— ................................- ....................... — ____________ ____________________
$ 1 4 ,2 0 9 ,4 4 5 94
9 , 4 1 5 ,3 9 5 19
$ 2 3 ,6 8 4 ,8 4 1 13
L ess—
D i v i d e n d o n F i r s t P r e f e r r e d S t o c k , S e p t e m b e r 10 1908
D i v i d e n d o n F i r s t P r e f e r r e d S t o c k , M a rc h 10 1 9 0 9 --------D i v i d e n d o n S e c o n d P r e f e r r e d S t o c k , N o v e m b e r 10 1 9 0 8
D i v i d e n d o n S e c o n d P r e f e r r e d S t o c k , M a y 10 1 9 0 9 --------D i v i d e n d o n C o m m o n S t o c k , A u g u s t 1 1 9 0 8 --------------------D i v i d e n d o n C o m m o n S t o c k , F e b r u a r y 1 1 9 0 9 ------------------G e n e r a l M o r t g a g e S i n k in g F u n d . . ....................................................
P H I L A D E L P H I A & R E A D I N G R A I L W A Y C O M P A N Y , J u n e 3 0 1 9 0 8 ___________________________
L e s s — D i v i d e n d p a id N o v e m b e r 19 1 9 0 8 ................................. .......................- ............................... .$ 2 ,0 0 0 , 0 0 0 00
D i v i d e n d p a id M a rc h 23 1 9 0 9 ........................................................... ......................................... 2 ,0 0 0 ,0 0 0 0 0
D i v i d e n d p a id M a y 28 1 9 0 9 ___________________________________________________ 1 ,0 0 0 ,0 0 0 0 0
$ 5 0 0 ,0 0 0
5 6 0 .0 0 0
8 4 0 .0 0 0
8 4 0 .0 0 0
1 .4 0 0 .0 0 0
1 .4 0 0 .0 0 0
4 7 2 ,6 6 9
00
00
00
00
00
00
24
0 ,0 7 2 ,0 0 9 24
5 ,0 0 0 ,0 0 0 0 0
$ 5 , 1 6 2 ,0 0 6 44
4 ,5 5 9 ,5 4 5 83
Y ear en d ed J u n e 30 1909.
T H E P H IL A D E L P H I A & R E A D IN G C O A L & IR O N C O M P A N Y , J u n e 30 19 0 8 .
Y e a r e n d e d J u n e 3 0 1 9 0 9 ----------------------------------------------------------------------------------------------
$ 1 7 ,0 1 2 ,1 7 1 89
$ 1 0 ,1 0 2 ,0 6 6 44
9 ,7 2 1 ,6 1 2 27
$ 1 ,3 9 5 ,9 6 2 29
0 0 ,9 7 3 71
1 ,4 6 2 ,9 3 6 0 0
T o ta l s u rp lu s
Ju n e
30
1909.
$ 2 8 ,7 9 0 ,7 2 0 16
T h e to ta l su rp lu s J u n e 30 19 0 9 o f $ 2 8 ,7 9 6 ,7 2 0 16 sh o w s a n in c re a se o f $ 2 ,9 6 9 ,2 4 5 49 o v e r th a t of J u n e 30 190 8 a s fo llo w s:
T o t a l s u r p l u s J u n e 3 0 1 9 0 8 -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------$ 2 5 ,8 2 7 ,4 7 4 07
L e s s d i v i d e n d s a n d s in k i n g f u n d p a i d d u r i n g fis c a l y e a r e n d e d J u n e 3 0 1 9 0 9 _______________________________ ___________________________________
0 ,0 7 2 ,0 6 9 21
A d d t o t a l s u r p l u s o f t h r e e C o m p a n ie s f o r y e a r e n d e d J u n e 3 0 1 9 0 9 ____ _______ ____________ ___________________________________ _______ ___________
$ 1 0 ,7 5 4 ,8 0 5 43
9 ,0 4 1 ,9 1 4 73
$ 2 8 ,7 9 0 ,7 2 0 ^ 10
I n c o n n e c tio n w ith th e a b o v e su r p lu s , th e B o a r d o f D ir e c to r s on J u n e 16 1909 to o k th e fo llo w in g a c tio n :
O n th e F ir s t P re fer re d S to c k , a d iv id e n d o f tw o p er c e n t w a s d e c la r e d , p a y a b le S e p te m b e r 10 1909 a n d a su m o f $ 5 6 0 ,0 0 0
w a s s e t a p a r t to m a k e p r o v isio n for a n o th e r d iv id e n d o n th e F ir st P referred S to c k of tw o p e r c e n t to b e p a id M arch 10 1 9 1 0 .
A s to th e S e c o n d P re fer re d S o c k , th e su m o f $ 1 ,0 8 0 ,0 0 0 w a s s e t a p a r t to m a k e p r o v isio n for a d iv id e n d o f tw o p er c e n t
to b e p a id o n N o v e m b e r 10 1909 a n d for a n o th e r d iv id e n d o f tw o p er c e n t to b e p a id o n M ay 10 1 9 1 0 u p o n th e S e c o n d
P re fer re d S to c k .
O n t h e C o m m o n S t o c k , a d iv id e n d o f tw o p er c e n t w a s d ecla red p a y a b le A u g u s t 2 1 9 0 9 .
T h e e x p e n d it u r e s fo r a d d itio n s a n d b e t t e r m e n t s b y th e P h ila d e lp h ia a n d R e a d in g R a ilw a y C o m p a n y to th e a m o u n t o f
$ 1 ,8 0 5 ,7 2 2 18 a n d th e c o s t o f th e n e w w ork a t c o llier ie s a n d th e p a y m e n t in to th e D e p le tio n o f L a n d s F u n d o f T h e P h ila
d e lp h ia & R e a d in g C oal & Ir o n C o m p a n y h a v e b e e n ch a r g ed to th e e x p e n s e s o f th e r e s p e c tiv e C o m p a n ies.
PHILADELPHIA AND READING RAILWAY COMPANY.
T h e r e c e ip ts o f th e R a ilw a y C o m p a n y fro m th e se v e r a l c la sse s o f b u s in e s s for th e la s t s e v e n y e a r s (th e p er io d in e a c h
c a se b e in g th e tw e lv e m o n th s e n d in g J u n e 3 0 ) , w ere a s fo llo w s:
Y E A R
1 9 0 7 -1 9 0 8 .
1 9 0 8 -1 9 0 9 .
C o a l R e v e n u e -------------------------------------------------- $ 1 7 ,0 9 8 ,2 2 7
M e r c h a n d is e R e v e n u e ________________________ 1 3 ,5 4 0 ,7 2 6
6 ,1 8 2 ,4 2 1
2 7 ,0 3 0
5 5 9 ,8 7 3
2 0 0 ,0 2 9
8 0 ,3 9 4
2 5 7 ,3 1 3
3 5 ,0 4 3
5 1 ,2 2 2
M is c e lla n e o u s T r a n s p o r t a t i o n R e v e n u e -----R e v e n u e f r o m O p e r a ti o n s O t h e r t h a n T r a n s
2 9 5 ,9 3 2
1 1 8 ,5 1 1
M a il
_________________________________
7 7 0 ,7 1 5
06 $ 1 8 ,5 7 7 ,2 7 2
95 1 3 ,5 0 2 ,9 2 5
45
0 ,2 1 1 ,9 3 3
0!
2 5 ,5 2 0
6 0 7 ,4 0 7
98
70
2 1 3 ,2 8 6
74
8 7 ,4 1 4
2 0 8 ,1 4 5
94
55
1 0 ,4 2 9
40
1 ,1 2 3
26
61
52
1 9 0 0 -1 9 0 7 .
11 $ 1 8 ,7 3 0 ,1 8 9
96 1 0 ,3 6 0 ,1 0 9
58
0 ,3 9 9 ,1 7 2
79
09
08
70
05
1 ,0 6 6 ,2 0 8
55
98
3 1 5 ,6 2 0 45
1 1 7 ,8 0 1 32
1 ,7 6 2 ,0 5 7 32
E N D E D
J U N E
1 9 0 5 -1 9 0 6 .
30.
1 9 0 4 -1 9 0 5 .
1 9 0 3 -1 9 0 4 .
1 9 0 2 -1 9 0 3 .
63 $ 1 7 ,1 9 8 ,2 4 7 07 $ 1 7 ,1 6 3 ,3 5 1 4 7 $ 1 5 ,9 2 1 ,8 0 0 0 0 $ 1 3 ,1 3 1 ,6 2 4 0 9
92 1 5 ,2 2 0 ,4 4 0 96 1 3 ,0 3 6 ,5 3 5 55 1 1 ,9 3 2 ,6 4 0 14 1 2 ,5 0 4 ,2 9 3 31
91
6 ,2 1 6 ,3 1 6 25
5 ,7 1 7 ,3 9 9 3 7
5 ,5 1 6 ,6 6 9 39
5 ,2 3 5 ,8 9 7 25
54
9 0 2 ,2 4 1 3 0
7 9 0 ,4 5 8 53
7 6 0 ,3 5 5 31
6 5 4 ,8 8 4 18
1 2 0 ,5 3 7 44
1 2 0 ,7 9 5 11
1 1 8 ,3 2 4 99
1 1 9 ,0 2 4 51
1 1 8 ,8 2 4 9 5
T o t a l P h i l a d e l p h i a & R e a d i n g R y _ ---------- $ 3 9 ,8 3 0 ,9 4 9 17 $ 4 1 ,0 4 0 ,9 3 9 24 $ 4 2 ,0 7 0 ,2 7 8 47 $ 3 9 ,0 5 8 ,0 4 0 7 5 $ 3 6 ,8 3 2 ,0 6 9 91 $ 3 4 ,2 5 0 ,4 8 9 3 5 $ 3 1 ,7 0 8 ,5 2 3 78
8 5 2 ,0 5 7 07
9 0 5 ,0 8 3 83
1 ,0 2 3 ,6 5 6 10
0 6 3 ,0 4 8 97
O u t s i d e O p e r a t i o n s , N e t E a r n i n g s -------------4 3 0 ,3 1 2 30
6 8 8 ,9 0 0 51
7 2 1 ,2 6 7 3 5
$ 4 0 ,2 0 7 ,2 0 1 47 $ 4 2 ,0 0 4 ,5 9 5 34 $ 1 3 ,5 2 8 ,9 3 6 44 $ 4 0 ,5 0 3 ,7 2 4 58 $ 3 7 ,4 9 5 ,7 1 8 88 $ 3 4 ,9 3 9 ,3 9 5 86 $ 3 2 ,4 2 9 ,7 9 1 13
T h e g r o ss r e c e ip ts o f th e R a ilw a y C o m p a n y sh o w a d e
c re a se o f $ 2 ,3 9 7 ,3 3 3 8 7 , a s c o m p a r ed w ith th o s e o f th e
p r e v io u s y e a r , a n d th e su r p lu s for th e y e a r d e c re a se d $ 1 ,
7 8 0 ,0 9 3 6 0 . T h e p a y m e n t s o n a c c o u n t o f fix ed ch a r g es a n d
t a x e s w ere $ 1 5 3 ,3 1 4 72 g r ea te r th a n d u r in g th e p r e v io u s y e a r ,
a n d th e r e w a s a n in c re a se of $ 8 0 8 ,0 0 2 54 in th e a m o u n t p a id
for a d d itio n s a n d b e tte r m e n ts .
T h e d e ta ils o f th e a c c o u n ts w ill b e fo u n d in th e C om p
tr o ller 's rep o rt h e r e w ith .
T h e to n n a g e o f a n th r a c ite coal ca rried d e c r e a se d from 1 3 ,
5 3 7 ,4 0 4 .0 2 to n s in 1 9 0 7 -0 8 to 1 1 ,5 8 0 ,8 3 9 .1 8 to n s in 1908
1 9 0 9 , a lo ss o f 1 ,9 5 0 ,0 2 4 .0 4 to n s , or 14 .4 1 p er c e n t, an d
th e to n n a g e o f b itu m in o u s coal d e c r e a se d from 1 0 ,8 1 6 ,
4 3 9 .1 1 to n s to 1 0 ,5 7 4 ,3 1 4 .0 9 t o n s , a lo s s o f 2 4 2 ,1 2 5 .0 2 to n s ,
o r 2 .2 4 p er c e n t. T h e r e v e n u e from coal tr a ffic d e crea sed
fr o m $ 1 8 ,5 7 7 ,2 7 2 11 to $ 1 7 ,0 9 8 ,2 2 7 .0 0 ,a l o s s o f $ 8 7 9 ,0 4 5 0 5 ,
or 4 .7 3 p er c e n t.
M erch a n d ise tr a ffic d e c r e a se d fro m 1 9 ,2 4 9 ,0 8 2 to n s to
1 8 ,4 5 2 ,8 8 8 to n s , a lo ss of 7 9 0 ,7 9 4 to n s , or 4 .1 4 p er c e n t, a n d
th e r e v e n u e th e r efr o m in c r e a se d fro m $ 1 3 ,5 0 2 ,9 2 5 9 0 to
$ 1 3 ,5 4 0 ,7 2 0 9 5 , a g a in o f $ 4 3 ,8 0 0 9 9 , or .32 p er c e n t.
T h e n u m b er o f p a s se n g e r s in c r e a se d from 2 3 ,9 4 8 ,1 0 4 to
2 4 ,8 7 8 ,1 8 0 , a g a in o f 9 3 0 ,0 2 2 , or 3 .8 8 p er c e n t, a n d th e
p a s se n g e r r e v e n u e d e c re a se d from $ 0 ,2 1 1 ,9 3 3 5 8 to $ 0 ,1 8 2 ,
421 4 5 , a lo ss o f $ 2 9 ,5 1 2 13, or .47 p er c e n t.
T h e c o m p a r a tiv e lo ss o f r e v e n u e , a m o u n tin g to $ 8 7 9 ,
0 4 5 0 5 , fro m t h e tr a n s p o r ta tio n o f a n th r a c ite a n d b itu m in o u s
c o a l, d u rin g th e p a s t fiscal y e a r w a s a c t u a l, a n d resu lted
fr o m th e d e c re a se d p r o d u c tio n o f c o a l in 1 9 0 8 -0 9 , a s c o m
p a r e d w ith 1 9 0 7 -0 8 , d u e to t h e g e n e r a l d e p r e ssio n o f b u s in e s s
th r o u g h o u t th e c o u n tr y . T h e c o m p a r a tiv e r e d u c tio n o f o th e r
in c o m e fr o m $ 1 ,7 0 2 ,0 5 7 32 to $ 7 7 0 ,7 1 5 5 2 , a lo s s o f $ 9 9 1 ,
341 8 0 , sh o w n in t h e a b o v e s t a t e m e n t , r e s u lte d p r in c ip a lly
fro m th e fa c t t h a t o w in g to th e d e p r e ssio n o f b u s in e s s th e
n u m b e r o f cars o p e r a te d b y th is C o m p a n y w h ic h w e re in u se
u p o n th e lin e s o f o th e r R a ilro a d C o m p a n ies w a s v e r y g r e a tly
r e d u c e d d u rin g th e p a s t fiscal y e a r , a n d to th e fu r th e r fa c t
t h a t tiie r a te r e c e iv e d b y th is C o m p a n y for th e u s e o f su ch
c a rs b y o th e r R a ilr o a d C o m p a n ies w a s r ed u c ed fro m 50
c e n ts to 2 5 c e n ts p er d a y fr o m A p ril 1 1 9 0 8 . T h e b a la n c e
o f th e c o m p a r a tiv e lo ss of r e v e n u e , h o w e v e r , b e in g th a t
fr o m o u ts id e o p e r a tio n s , w a s m o r e a p p a r e n t th a n r ea l, a n d
w a s d u e to th e c h a n g e s th a t w ere m a d e d u r in g th e y e a r
in t h e s y s t e m o f a c c o u n tin g p r e sc rib e d b y th e I n te r -S ta te
C o m m erce C o m m issio n , a n d w a s , to a v e r y la rg e e x t e n t,
o ffs e t, u n d e r th e s a m e s y s t e m o f a c c o u n tin g , b y a c o m p a r a
t iv e r e d u c tio n o f e x p e n s e s .
A s to th e e ffic ie n c y a n d e c o n o m y of th e o p e r a tio n s o f th e
C o m p a n y , i t ca n b e s t a t e d , a s to th e e ffic ie n c y , t h a t , w h ile
n o n e w w o rk o f a n y g r e a t im p o r ta n c e w a s u n d e r ta k e n d u rin g
th e p a s t y e a r , n o w o r k t h a t w a s n e c e s s a r y to k eep th e p r o p
e r ty to a h ig h s ta n d a r d of e ffic ie n c y , b o th for i t s p e r m a n e n t
w e lfa r e a n d fo r its p r a c tic a l o p e r a tio n , w a s sp a re d or p o s t
p o n ed ; a n d , a s to e c o n o m y of o p e r a tio n , th e a c tu a l o p e r a tin g
e x p e n s e s , in c lu d in g th e c o s t to r e p la c e r o llin g e q u ip m e n t,
h e r e in a fte r referred t o , w e re d u rin g th e p a s t y e a r r ed u ced
in a b o u t t h e s a m e r a tio a s w e re th e g r o ss r e c e ip ts .
On th e w h o le , th e r e s u lts o f th e o p e r a tio n s o f t h e C o m p a n y
fo r th e p a s t fiscal y e a r a re v e r y s a t is f a c t o r y , c o n sid e r in g th e
c o n d itio n d u rin g t h e y e a r of th e b u sin e ss of th e c o u n tr y ,
a n d t h e y sh o w a s t a b il i t y o f r e v e n u e u n d e r a d v e r s e c ir c u m
s t a n c e s t h a t is v e r y e n c o u r a g in g .
A D D IT IO N S A N D B E T T E R M E N T S .
T h e su m of $ 1 ,8 0 5 ,7 2 2 18 w a s e x p e n d e d d u rin g th e p a s t
fiscal y e a r fo r A d d itio n s a n d B e t t e r m e n t s a n d ch a r g ed to
e x p e n s e s . T h e A d d itio n s a n d B e tte r m e n ts c o v e r e d b y th is
e x p e n d itu r e w e re a s fo llo w s:
$ 6 9 ,9 7 0 53
R i g h t o f w a y , s t a t i o n g r o u n d s a n d r e a l e s t a t e ........ .....................__
G r a d e r e v i s io n , w i d e n in g c u t s a n d n ils a n d I m p r o v e m e n t o f
o v e r a n d u n d e r g r a d e c r o s s i n g s ........................................... ...............
2 ,2 1 9 43
E l i m i n a t i o n o f g r a d e c r o s s i n g s ---------------------------------- --------------- 1 ,5 1 0 ,3 2 1 76
B r i d g e s , t r e s t l e s a n d c u l v e r t s -----------------------------------------------------6 1 ,1 9 1 00
A d d i t i o n a l m a i n t r a c k s _____________________________________ _____
7 8 0 63
S id in g s a n d s p u r t r a c k s ( le s s s a lv a g e f r o m a b a n d o n e d t r a c k s ) _
2 1 ,2 4 0 28
T e r m i n a l y a r d s ______________ __________ _______ __________________
3 7 ,6 9 1 25
I n t e r l o c k i n g , b lo c k a n d o t h e r s ig n a l a p p a r a t u s , .
................ ..
2 1 ,4 9 6 57
S t a t i o n b u i ld i n g s a n d f i x t u r e s _____ __________ ___________________
1 ,7 4 2 68
S h o p s , e n g in e h o u s e s a n d t u r n - t a b l e s ________________ __________
3 ,5 7 4 51
W a t e r a n d f u e l s t a t i o n s ________ _____________ ___________________
1 1 ,2 9 0 23
G r a in e l e v a t o r s a n d s t o r a g e w a r e h o u s e s ................................................
3 1 ,4 9 2 69
d w h a r f p r o p e r t y ................................................................................
2 1 ,5 2 9 17
E l e c t r i c l i g h t a n d p o w e r p l a n t s ________________________ ______ $ 1 ,1 0 0 0 0
M is c e ll a n e o u s ______________________________________________________
7 ,0 6 9 4 5
5 1 ,8 0 5 ,7 2 2 18
I n c lu d e d in t h e s e e x p e n d itu r e s w e re $ 1 ,3 9 8 ,1 5 4 8 8 , w h ic h
w ere a p p lie d t o th e c o s t o f th e real e s t a t e a c q u ir e d a n d th e
w o r k d o n e to J u n e 30 1909 in c o n n e c tio n w ith t h e e le v a t io n
o f tr a c k s o f th e P h ila d e lp h ia G er m a n to w n & N o r r is to w n
R a ilr o a d C o m p a n y in P h ila d e lp h ia , a n d $ 6 6 ,3 0 4 4 0 , w h ic h
w e re a p p lie d to th e c o s t o f real e s t a t e a c q u ir e d a n d w o rk d o n e
to J u n e 30 1909 in c o n n e c tio n w ith th e e le v a t io n o f th e
tr a c k s o n th e R ic h m o n d B r a n c h , P h ila d e lp h ia . N e a r ly a ll
of th e real e s t a t e n e e d e d fo r th e e le v a t io n o f th e tr a c k s o f
th e P h ila d e lp h ia G er m a n to w n & N o r r is to w n R a ilro a d C o m
p a n y h a s b een a c q u ir e d b y th e s e e x p e n d itu r e s , a n d a c o n
sid e r a b le p o r tio n o f th e c o n s tr u c tio n w o rk h a s b e e n c o m
p le te d ; in f a c t , o n e tr a c k o f th e e le v a t e d r a ilro a d b e tw e e n
C o lu m b ia A v e n u e a n d H u n tin g d o n S tr e e t w a s p u t in s e r v ic e
on J a n u a r y 25 1909 a n d a se c o n d tr a c k b e tw e e n th e s a m e
p o in ts w a s p la c e d in s e r v ic e on J a n u a r y 30 1 9 0 9 , a n d th e
w o rk u p o n th e w h o le lin e is p r o g r essin g a s r a p id ly a s p o s s ib le .
N o c o n s tr u c tio n w o rk u p o n t h e e le v a tio n o f th e R ic h m o n d
B ranch h as y e t been don e.
In a d d itio n to th e e x p e n d itu r e for th e e le v a tio n o f tr a c k s
a n d a v o id a n c e o f g r a d e c r o s sin g s in P h ila d e lp h ia , o th e r
w o rk o f s im ila r c h a r a c te r a t v a r io u s p o in ts on t h e lin e w a s
d o n e , c o s tin g $ 4 5 ,8 0 5 4 8 , b r in g in g th e a g g r e g a te o f s u c h
e x p e n d itu r e s to $ 1 ,5 1 0 ,3 2 4 7 0 .
D e d u c tin g th e a m o u n t o f $ 1 ,4 0 4 ,4 5 9 2 8 , th e a g g r e g a te
o f th e e x p e n d itu r e s d u r in g th e p a s t fiscal y e a r in c o n n e c tio n
w ith th e e le v a t io n o f t h e tr a c k s o f th e P h ila d e lp h ia G erm a n
to w n & N o r r is to w n R a ilr o a d C o m p a n y a n d on th e R ic h
m o n d B r a n c h , fro m th e to ta l e x p e n d itu r e for b e tte r m e n ts
a n d im p r o v e m e n ts , le a v e s b u t $ 3 4 1 ,2 6 2 90 s p e n t fo r o th e r
a d d itio n s a n d b e tte r m e n ts d u rin g th e p a s t fiscal y e a r , a s
c o m p a r e d w ith $ 9 3 7 ,0 5 9 64 for th e y e a r e n d e d J u n e 30 1908
a n d $ 1 ,8 4 7 ,9 3 3 04 in th e y e a r e n d e d J u n e 30 1 9 0 7 .
T h e b u lk o f th is su m of $ 3 4 1 ,2 6 2 9 0 w a s u sed to c o m p le te
th e w o rk w h ic h h a d b e e n p r e v io u s ly u n d e r ta k e n a n d w h ic h
h a s b e e n referred to in p r e v io u s a n n u a l r e p o r ts, in c lu d in g a
p n e u m a tic g r a in d rier a n d c o o le r b u ilt in c o n n e c tio n w ith
th e g ra in e le v a to r a t P o r t R ic h m o n d for th e tr e a t m e n t o f
g r a in a r r iv in g o u t o f c o n d itio n . T h e o n ly n e w w o rk o f a n y
m o m e n t t h a t w a s sta r te d d u rin g th e p a s t fiscal y e a r w a s th e
e r e c tio n o f a n e n la rg e d a n d m o d e r n p la n t on P ie r 14, P o r t
R ic h m o n d , for th e u n lo a d in g o f im p o r t iro n ore d e s tin e d to
p o in ts in th e R e a d in g te r r ito r y . T h is p la n t is e x p e c t e d to
b e c o m p le te d d u r in g th e c u r re n t c a le n d a r y e a r .
T h e n u m b e r o f sid in g s c o n s tr u c te d d u r in g t h e p a s t y e a r
for in d u s tr ie s a lo n g th e v a r io u s lin e s o f t h e ra ilro a d a n d fo r
th e p u r p o se s of th e C o m p a n y w a s a b o u t e q u a l to th e n u m b e r
u s u a lly c o n s tr u c te d e v e r y y e a r , a n d th e c o st th e r e o f to th e
C o m p a n y a g g r e g a te d $ 4 4 ,8 0 2 09; b u t in th e a c c o u n ts th e r e
h a s b e e n d e d u c te d fro m th is a m o u n t th e s a lv a g e , $ 2 3 ,5 6 2 4 1 ,
o b ta in e d fr o m th e s a le o f m a te r ia l in tr a c k s w h ic n w e re a b a n
d o n e d d u r in g th e y e a r , a lth o u g h th e a b a n d o n e d tr a c k s c o n
s is te d p r in c ip a lly of c r o s sin g s, s w itc h e s , e t c ., a n d o n ly to a
lim ite d e x t e n t o f in d u str ia l s id in g s .
In a d d itio n to th e im p r o v e m e n ts a b o v e referred t o , w h ic h
w e re c h a r g ed to e x p e n s e s , o th e r im p r o v e m e n ts w ere m a d e
b y t h e P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y c o s tin g
$ 4 0 ,5 5 1 9 4 , w h ic h w ere ch a r g ed to c a p ita l a c c o u n t . T h e
a m o u n t p a id for im p r o v e m e n ts a n d c a p ita liz e d in th e y e a r
e n d e d J u n e 30 1908 w a s $ 2 5 9 ,4 1 1 5 1 .
M IL E A G E O F R A I L R O A D S .
In o rd er to c o n fo r m to th e ru les p rescrib ed b y th e I n te r
S t a t e C o m m erce C o m m issio n r eg a r d in g r ep o rts o f m ile a g e ,
a m e a s u r e m e n t h a s b een m a d e of tr a c k s fo r m in g c o n n e c tio n s
w it h le a s e d , e t c ., r a ilr o a d s, a n d in t h e m ile a g e s t a t e m e n t s
in c lu d e d in th is rep o rt w h ic h h a v e b e e n p rep a red in c o n se
q u e n c e o f su c h m e a s u r e m e n ts , th e m ile a g e of th e s e c o n n e c
t io n s , w h ic h h e r e to fo r e h a d b een in c lu d e d in th e le n g th o f
t h e c o n n e c tin g r o a d s, h a s b e e n c la ssifie d a s sid in g s o f th e
P h ila d e lp h ia & R e a d in g R a ilw a y , a n d th e m ile a g e o f r o a d s
o v e r w h ic h th e C o m p a n y h a s tr a c k a g e r ig h ts is sh o w n . T h is
e x p la n a tio n is m a d e to a c c o u n t for th e a p p a r e n t d isc r e p a n c y
w h ic h a c o m p a r iso n o f th e m ile a g e s ta te m e n ts in th is a n n u a l
r ep o rt a n d in t h e a n n u a l r e p o r ts o f p r e v io u s y e a r s w o u ld
r e v e a l.
IN S U R A N C E F U N D .
T h e b a l a n c e to t h e c r e d i t o f t h is f u n d J u n e 3 0 19 0 8 w a s ______ $ 1 ,0 5 1 ,1 9 3 83
D u r i n g t h e p a s t fis c a l y e a r t h e i n c o m e f r o m i n v e s t m e n t s in
t h e f u n d a m o u n t e d t o ______________________________________
4 3 ,5 7 7 79
T o t a l ---------------------------------------- ----------------------------------------- ----------$ 1 ,0 9 0 ,7 7 3 02
F r o m w h ic h p a y m e n t s w e r e m a d e f o r p r e m i u m s o n I n s u r a n c e
c a r r i e d I n o u t s i d e c o m p a n i e s a n d f o r lo s s e s f r o m lir e o r
m a r i n e d i s a s t e r ________ ________________________________________
4 7 ,9 3 2 01
B a l a n c e to c r e d i t o f f u n d J u n e 3 0 1 9 0 9 _________ _____________§ 1 ,0 4 8 ,8 4 1 0 1
T h is b a la n c e c o n s is ts o f se c u r itie s v a lu e d a t $ 9 7 8 ,5 9 0 7 5 ,
a n d c a sh a m o u n tin g to .$ 7 0 ,2 5 0 8 6 , w h ic h is o n d e p o s it s e p a
r a te a n d a p a r t fro m th e o th e r fu n d s o f th e C o m p a n y .
T h e in c o m e fro m th e in v e s t m e n t s in th e I n s u r a n c e F u n d
w a s w ith in $ 2 ,3 5 4 22 o f b e in g s u ffic ie n t to m e e t th e p a y m e n t s
fo r p r e m iu m s o n in su r a n c e ca rr ie d in r eg u la r in su r a n c e c o m
p a n ie s a n d fo r lo sse s fro m fire a n d m a r in e d is a s te r s , a s s h o w n
in th e fo r e g o in g s ta te m e n t; a n d a s th e b a la n c e to th e c r e d it
o f th e fu n d w a s la r g e ly in e x c e s s o f th e $ 1 ,0 0 0 ,0 0 0 c a p ita l
o r ig in a lly p r o v id e d , th e t o t a l a m o u n t o f su c h p a y m e n t s
w a s d e d u c te d fro m th e c a sh in th e I n s u r a n c e F u n d .
E Q U I PM E N T R E N E WALS.
T h e o b lig a tio n o f th e R a ilw a y C o m p a n y c o n ta in e d in t h e
le a s e s u n d e r w h ic h it h o ld s a ll o f th e e q u ip m e n t, to k e e p t h e
s a m e in g o o d o rd er a n d rep a ir a n d to m a k e r e p la c e m e n ts
o f su c h a s m a y b e c o m e u n fit for u s e , or w h ic h m a y b e
d e s t r o y e d , h a s b e e n c o m p lie d w it h d u rin g th e p a s t fiscal
y e a r in e v e r y r e s p e c t. T h e c o s t o f th is w o rk h a s b e e n in
c lu d e d in t h e g e n e r a l o p e r a tin g e x p e n s e s o f th e C o m p a n y
u n d e r t h e h e a d o f M a in te n a n c e o f E q u ip m e n t.
PENSION SYSTEM.
T h e su m o f $ 6 5 ,0 9 4 61 w a s p a id o u t in p e n s io n s fo r t h e
fisca l y e a r e n d e d J u n e 3 0 1909 u n d e r th e p e n s io n s y s t e m .
T h e n u m b e r o f p e n s io n e r s on th e roll o n J u n e 30 190 9
w a s a s fo llo w s:
U n d e r r e s o l u t i o n o f D e c e m b e r 11 1901 ( l l f t y - y e a r s e r v i c e e m p l o y e e s ) . .
E m p lo y e e s s e v e n t y y e a r s o f a g e , a n d t h i r t y o r m o re y e a r s in s e r v i c e
E m p lo y e e s s ix t y - f i v e t o s i x t y - n i n e y e a r s o f a g e , a n d t h i r t y o r m o r e y e a r s
In s e r v i c e ------------------------ -----------------------------------------------------------------------------I n c a p a c i t a t e d e m p l o y e e s ____ _______________________ ______ _________________
15
153
27
14
2 09
T h e n u m b e r o f p e n s io n e r s w h o d ie d from J u ly 1 1908 to
J u n e 3 0 1909 w a s 2 8 .
In a d d itio n to th e a m o u n t p a id o u t in p e n s io n s , th e su m
o f $ 2 9 ,3 8 0 12 w a s c o n tr ib u te d b y th e P h ila d e lp h ia & R e a d in g
R a ilw a y C o m p a n y to w a r d s th e su p p o r t a n d m a in te n a n c e of
th e P h ila d e lp h ia & R e a d in g R e lie f A s s o c ia tio n , th e m e m b e r
sh ip o f w h ic h is c o m p o se d o f e m p lo y e e s o f th e R e a d in g
S y ste m .
PA SSEN G ER FA R E S.
T h e s u it , r efe rr ed to in th e p r e v io u s a n n u a l r e p o r t, w h ic h
w a s in s t it u t e d b y t h is C o m p a n y a g a in s t th e C ity o f P h ila
d e lp h ia , N o . 9 3 5 , J u n e T e rm 1 9 0 7 , in th e C ou rt o f C o m m o n
P le a s N o . 4 , to t e s t , a s a p p lic a b le to th e P h ila d e lp h ia &
R e a d in g R a ilw a y C o m p a n y , t h e c o n s t it u t io n a lit y o f th e
A c t o f th e L e g is la tu r e of P e n n s y lv a n ia , a p p r o v e d A p ril 5
1 9 0 7 , p r o h ib itin g r a ilr o a d c o m p a n ie s fr o m d e m a n d in g or
r e c e iv in g m o r e th a n tw o c e n ts fa r e p er m ile , w a s d e c id e d
in fa v o r o f t h e C o m p a n y o n J u n e 25 1909 in a n o p in io n b y
J u d g e R o b e r t N . W illso n , P r e sid e n t J u d g e , o f w h ic h t h e
fo llo w in g is th e c o n c lu sio n :
“ T h a t it is th e ju d g m e n t of th e C o u rt th a t th e
A c t of A p ril 5 1907, p r e v io u s ly referred to , is u n
c o n s t it u t io n a l a n d v o id , a n d t h a t th e s a id A c t
a n d its e n fo r c e m e n t arc a n d w ill b e c o n tr a r y to a n d
in v io la tio n o f t h e C o n s titu tio n o f th e U n ite d S t a t e s ,
a n d t h a t t h e d e fe n d a n t, th e C o u n ty o f P h ila d e l
p h ia , s h a ll b e p e r p e tu a lly e n jo in e d from d e m a n d
in g fr o m th e p la in tiff or b r in g in g a n y s u it or s u it s
a g a in s t it for th e r e c o v e r y of a n y p e n a lt y or p e n
a lt ie s im p o se d b y th e s a id A ct in c a se th e p la in tiff
s h a ll n o t c o m p ly w ith th e p r o v is io n s a n d te rm s
th e r e o f o n a n d a fte r t h e d a te o f th e filin g o f th e s e
f in d in g s .”
U p o n th e filing o f th is d e c is io n th e a n n o u n c e m e n t w a s
m a d e b y th e C o m p a n y t h a t on J u ly 1 1909 th e p a sse n g e r
fa r e s w o u ld b e r esto r e d p r a c tic a lly to th e b a s is in e ffe c t
p rior to O cto b er 1 1 9 0 7 , th e d a te u p o n w h ic h th e A c t re
ferred to b e c a m e e f fe c t iv e . T h e r e s u lt, th e r e fo r e , o f th is
le g is la tio n w a s t h a t th e C o m p a n y w a s o b lig e d to c o n d u c t
a n e x p e n s iv e lit ig a t io n , a n d w a s c o m p e lle d to o p e r a te its
p a s se n g e r b u sin e ss d u rin g th e w h o le of th e fiscal y e a r e n d e d
J u n e 3 0 190 9 , a n d for th e n in e m o n th s p r e v io u s th e r e to
a t r a te s t h a t w e re lo w e r , a c c o r d in g to th e e v id e n c e s u b
m it t e d to th e C o u rt, th a n th e se r v ic e ju s tifie d , a n d t h a t w ere
less th a n th e C ou rt d e c id e d th e C o m p a n y w a s le g a lly e n t it le d
to c h a r g e .
RENTALS OF LEASED LINES.
T h e r e n ta ls o f le a s e d lin e s fo r th e p a s t fiscal y e a r sh o w a n
in c r e a se o f $ 2 3 ,0 1 7 4 8 o v e r th o s e of th e p r e v io u s fiscal y e a r .
T h e c ir c u m s ta n c e s t h a t p r o d u c e d t h is a g g r e g a te in c re a se o f
r e n ta ls a ffe c te d n e a r ly all o f th e le a s e d lin e s , a n d are n o t o f
s u f f ic ie n t im p o r ta n c e to r eq u ire sp ec ia l c o m m e n t.
FUNDED INDEBTEDNESS OF THE PHILADELPHIA &
READING RAILWAY COMPANY.
T h o fu n d e d in d e b te d n e s s o f th is C o m p a n y w a s in c re a se d
$ 6 8 ,4 2 8 13 d u r in g t h e p a s t y e a r , a r is in g from a d e c re a se of
$ 3 ,5 7 1 87 in m o r tg a g e s a n d g r o u n d r e n ts a n d a n in c re a se o f
$ 7 2 ,0 0 0 o n a c c o u n t o f th e P h ila d e lp h ia S u b w a y . T h is
$ 7 2 ,0 0 0 r e p r e se n ts t h e in te r e s t w h ic h h a s b een p a id d u rin g
th e y e a r o n th e lo a n issu ed b y th e C ity o f P h ila d e lp h ia for
th e c o n str u c tio n o f th e S u b w a y on P e n n s y lv a n ia A v e . a n d
w h ic h h a s b e e n c a p ita liz e d b y th e is s u e o f a n e q u a l a m o u n t
of P h ila d e lp h ia & R e a d in g R y . C o m p a n y S u b w a y M ort
g a g e lo a n b o n d s u n d e r t h e m o r tg a g e d a te d F e b . 1 1 9 0 7 ,
w h ic h m o r tg a g e w a s e x p la in e d in a p r e v io u s a n n u a l rep o rt.
T h e a d d itio n a l a m o u n t o f $ 1 5 0 ,0 0 0 P h ila d e lp h ia & R e a d in g
R a ilw a y C o m p a n y S u b w a y M o rtg a g e lo a n b o n d s w h ic h
a p p e a r s u p o n th e b a la n c e s h e e t w a s issu e d d u rin g th e p a s t
y e a r u n d e r th e sa id m o r tg a g e , to r e p r e se n t th e $ 1 5 0 ,0 0 0 in
s t a llm e n t o f th e p r in c ip a l o f sa id lo a n w h ic h m a tu r e d d u r
in g th e y e a r a n d p a id , a n d w h ich w a s , th e r e fo r e , d e
d u c te d from th e C ity o f P h ila d e lp h ia S u b w a y L o a n , a s sh o w n
in th e b a la n c e s h e e t . T h e s e $ 1 5 0 ,0 0 0 P h ila d e lp h ia & R e a d
in g R a ilw a y C o m p a n y S u b w a y M o rtg a g e lo a n b o n d s a re,
to g e th e r w ith th o s e p r e v io u s ly issu e d , a g g r e g a tin g $ 6 8 2 ,0 0 0 ,
in th e tr e a su r y o f th e C o m p a n y .
O C EA N B U S IN E S S .
T h e fo llo w in g s t a t e m e n t s h o w s th e n u m b e r o f to n s o f m e r c h a n d ise , a n th r a c ite a n d b itu m in o u s coal sh ip p e d from P o r t
R ic h m o n d , w h e th e r to fo r e ig n or d o m e s tic p o r ts , d u rin g th e p a s t s ix yea rs:
June
1 9 0 8 -1 9 0 9 .
1 9 0 7 -1 9 0 8 .
1 9 0 0 -1 9 0 7 .
1905 1900.
1 9 0 4 -1 9 0 5 .
9 4 7 ,1 2 4 00
1 ,9 3 0 ,7 1 5 14
1 ,9 5 5 ,8 8 4 10
Y ear en ded
1 ,0 4 3 ,0 9 0 0 0
2 ,1 9 0 ,4 1 3 08
2 ,0 2 1 ,0 3 9 10
1 ,1 3 0 ,2 3 0 0 0
1 ,9 1 7 ,1 9 0 0 9
1 ,7 0 9 ,7 8 7 0 0
1 ,1 5 7 ,8 0 5 0 0
1 ,7 5 1 ,3 1 5 01
1 ,4 2 2 ,8 3 0 00
7 8 8 ,8 4 7 09
1 ,9 4 3 ,5 4 5 01
1 ,5 9 0 ,0 2 0 03
30.
1 9 0 3 -1 9 0 4 .
8 4 5 ,9 5 8 08
2 ,0 7 2 ,2 3 3 03
1 .4 0 2 ,6 0 9 16
D u rin g th e s a m e y e a r s th e r e w ere s h ip m e n ts a s fo llo w s from P o r t R ic h m o n d to rail p o in ts , m o s tly o n th e lin e o f th e
P h ila d e lp h ia & R e a d in g R a ilw a y :
Y ear
en ded
June
30.
M e r c h a n d is e a n d I r o n O r e — t o n s 2 ,0 0 0 l b s — j
1 9 0 8 -1 9 0 9 .
1 9 0 7 -1 9 0 8 .
1 9 0 6 -1 9 0 7 .
1 9 0 5 -1 9 0 0 .
1 ,5 3 2 ,8 5 7
1 .2 4 9 ,2 8 2
1 ,3 5 8 ,1 2 3
1 ,1 0 2 ,9 7 4
1 9 0 4 -1 9 0 5 .
8 5 1 ,1 1 2
1 9 0 3 -1 9 0 4 .
8 1 2 ,8 8 5
E Q U IP M E N T .
T h e ro llin g a n d flo a tin g e q u ip m e n t h a s b e e n k e p t u p , th e v a lu a t io n a n d th e c a p a c it y b e in g b o th la rg er t h a n w h e n th e
r e o r g a n iz a tio n w a s m a d e , a s th e fo llo w in g s t a t e m e n t w ill sh ow :
R O L L IN G A N D
F L O A T IN G
June
N o.
L o c o m o ti v e E n g i n e s a n d T e n d e r s _____________________
R e v e n u e F r e i g h t C a r s _________ _____________ —
P a s s e n g e r C a r s ___________________________ -
W o r k C a r s _________ ________________ _______
T o t a l R o llin g E q u i p m e n t ______________________ . .
4 2 ,2 0 4
804
817
30 1909.
C a p a c ity , L b s.
2 7 ,5 4 1 ,2 7 3
2 ,7 8 8 ,8 7 8 ,0 0 0
-
S e a T u g s , & c ......... ......... .............— ______ _________________
S ea B a rg e s, &c
_____________ _________________________
T o t a l F l o a t i n g E q u i p m e n t __________________________
1 ,0 1 2
E Q U IP M E N T .
D ecem ber
$ 8 ,6 8 1 ,8 8 7
2 9 ,4 6 9 ,3 5 3
3 ,1 0 1 ,4 8 5
3 5 5 ,9 1 4
1 1896.
N o.
V a lu a tio n .
46
01
00
39
C a p a c ity , L b s.
791
2 8 ,2 0 4
723
098
1 2 ,7 5 7 ,1 4 7
1 ,3 3 0 ,0 1 9 ,6 0 0
9 ,2 8 1 ,7 0 0
$ 4 1 ,6 0 8 ,6 4 0 46
24
108
$ 3 ,8 8 0 ,1 9 0 19
1 0 ,7 8 1 ,3 2 2 0 0
2 ,1 0 8 ,3 4 4 00
2 2 1 ,0 0 0 00
$ 1 0 ,9 9 0 ,8 5 6 19
G ro ss lte g . T o n .
G ross R eg . T o n .
7 ,8 4 5 15
7 9 ,0 8 7 17
V a lu a tio n .
$ 1 ,2 9 9 ,5 5 4 0 0
2 ,5 1 6 ,4 9 4 0 0
$ 3 ,8 1 6 ,0 4 8 00
15
103
1 0 ,0 1 3 7 5
3 7 ,8 5 1 80
6 2 3 ,0 0 0 0 0
8 1 6 ,8 5 0 0 0
4 7 ,8 0 5 55
$ 1 ,4 3 9 ,8 5 0 0 0
A s o f J u n e 30 1 9 0 9 , in co m p a r iso n w ith D e c . 1 1 8 9 6 , th e
a v e r a g e v a lu e o f a ll lo c o m o tiv e s h a d in c re a se d fro m $ 4 ,9 0 6
to $ 8 ,5 7 9 ; th e a v e r a g e v a lu e o f fr e ig h t cars p r o d u c in g r ev e n u e
h a d g r o w n fr o m $ 3 8 3 to $698; th e se a tu g s , & c., w h o se a v e r
a g e v a lu e in 1 8 9 6 w a s $ 4 1 ,5 3 3 , w a s , o n J u n e 30 1 9 0 9 , $ 5 4 ,1 4 8 ,
a n d th e a v e r a g e v a lu e o f se a b a r g e s, & c ., w h ic h w a s $ 7 ,9 3 0 ,
h a d in c re a se d to $ 2 3 ,3 0 1 . T h is in c re a se o f a v e r a g e v a lu e of
th e se v e ra l ite m s h a s r e s u lte d fr o m th e fa c t t h a t in e a ch cla ss
o f e q u ip m e n t th e n e w lo c o m o tiv e s , c a rs, t u g s or b a r g e s are
la rg er a n d m o re c o s t ly t h a n th e o ld o n e s . T h e to ta l v a lu e
o f th e r o llin g e q u ip m e n t in o u r p o s s e s s io n , in c lu d in g th a t
o w n e d b y R e a d in g C o m p a n y a n d t h a t c o v e r e d b y e q u ip m e n t
le a s e s , h a s in c re a se d fro m $ 1 6 ,9 9 0 ,8 5 6 19 a s of D e c . 1 1896
to $ 4 1 ,6 0 8 ,6 4 0 4 6 a s o f J u n e 30 1 9 0 9 , a n d th e v a lu e of flo a t
in g e q u ip m e n t h a s in c re a se d d u rin g th e sa m e p e r io d from
$ 1 ,4 3 9 ,8 5 0 to $ 3 ,8 1 6 ,0 4 $ , m a k in g a t o ta l in c r e a se o f v a lu e
o f $ 2 6 ,9 9 3 ,9 8 2 2 7 .
T h is in c r e a se h a s b e e n c o n tr ib u te d —
B y R e a d i n g C o m p a n y ---------------------------------------------------------------- 3 1 7 ’« 7 ? ' i n n 59
7 ,8 7 2 ,l O J o J
B y O u t s t a n d i n g C a r T r u s t s -------------------------------------------------------$ 2 0 ,9 9 3 ,0 8 2 2 7
T h e d e c r e a se in th e a m o u n t a n d v a lu e o f the_ e q u ip m e n t
u p o n th e lin e s o n J u n e 30 1 9 0 9 , a s c o m p a r ed w ith J u n e 30
1 9 0 8 , w a s a s fo llo w s:
V a lu a tio n .
N u m ber.
L o c o m o ti v e e n g in e s a n d t e n d e r s -----------------------------------R e v e n u e f r e i g h t c a r 3 -------------------------------- ----------------------R e v e n u e p a s s e n g e r c a r s ------------------S e a b a r g e s , & c ---------------------------------------------- ----------- -------W o r k c a r s ( I n c r e a s e ) ---------------------------------------
$ 7 7 ,0 9 8
1 ,2 7 1 ,5 2 8
1 1 1 ,6 7 9
2 5 ,0 0 0
3 ,7'■‘L
08
.1 1
**
82
19
00
00
81
$ 1 ,4 8 9 ,0 7 4 82
T h is d e c re a se in th e v a lu a tio n o f th e e q u ip m e n t r esu lted
ir in c ip a lly fr o m th e d is m a n tle m e n t o f lo c o m o t iv e s , cars a n d
j a r g e s w h ic h , th r o u g h lo n g se r v ic e , h a d b e c o m e u n fit for u s e ,
a n d p a r tia lly fr o m th e o r d in a r y a c c id e n ts t h a t a t t e n d th e
o p e r a tio n o f r a ilr o a d s. T h e P h ila d e lp h ia & R e a d in g R a il_ ___
_
w a y C o m p a n y , u n d e r th e o b lig a tio n im p o se d u p o n it b y th e
le a s e s fr o m R e a d in g C o m p a n y , u n d er w h ic h it o p e r a te s th e
e q u ip m e n t , p a id in ca sh to R e a d in g C o m p a n y th e s u m of
$ 1 ,4 8 9 ,0 7 4 82 to m a k e g o o d t h is d e c re a se in v a lu a t io n , a n d
h a s in c lu d e d th e sa id s u m , le s s th e s a lv a g e , in it s e x p e n s e
a c c o u n t fo r th e m a in te n a n c e of e q u ip m e n t. T h e ca sh w ill
b e a p p lie d b y R e a d in g C o m p a n y to th e p u r c h a s e o f n e w
e q u ip m e n t a s it m a y b e req u ired .
E
T H E P H I L A D E L P H I A & R E A D I N G C O A L & I R O N CO.
F o r t h e y e a r e n d e d J u n e 30 1909 th e t o ta l p r o d u c tio n of
A n th r a c ite co a l fr o m th e la n d s o w n e d , le a s e d a n d c o n tr o lle d
b y th e P h ila d e lp h ia & R e a d in g C oal & Iro n C o. w a s 1 0 ,7 7 3 ,
3 0 6 0 6 to n s , a s c o m p a r ed w ith 1 1 ,9 1 4 ,1 5 4 01 t o n s j n i n e d
d u rin g th e p r e v io u s y e a r , a d e c re a se o f 1 ,1 4 0 ,8 4 7 .1 5 to n s ,
or 9 .5 8 % .
T h e C o m p a n y m in e d d u rin g th e y e a r 9 ,2 8 3 ,9 6 1 .0 3 to n s ,
crease o f 9 3 4 ,4 3 1 .0 2 to n s , or 9 .1 4 % ; p u r c h a s e d 9 5 5 ,a decrc
6 2 0 .0 9 to nis, a d e c re a se of 1 2 8 ,0 6 1 .1 0 to n s , or 1 1 .8 2 % , a n d
s
so ld 1 0 ,0 7 6 .,2 1 0 .0 3 to n s , a d e c re a se o f 9 1 6 ,7 6 5 .1 3 to n s , or
8 .3 4 % , a s c o m p a r ed w ith th e p r e v io u s y e a r .
T h e c o s t o f co a l m in e d -a n d p u r c h a se d d u rin g th e y e a r w a s
7 .6 c e n ts p er to n h ig h e r th a n for th e p r e v io u s y e a r , a n d th e
p rice r ea liz e d o n a ll siz e s w a s 9 -1 0 c e n ts p er to n h ig h e r , m a k
in g a t o t a l d e c re a se in th e n e t a m o u n t r ea lize d o f 6 .7 c e n ts p er
to n .
T h e t o ta l su m ch a rg ed to e x p e n s e s for im p r o v e m e n ts d u r
in g th e y e a r w a s $ 1 ,1 7 2 ,2 0 4 7 9 , a s a g a in s t $ 1 ,2 8 6 ,0 1 0 65
th e p r e v io u s y e a r .
T h e fu n d e d in d e b te d n e s s o f th e C oal & Ir o n C o m p a n y h a s
b e e n r ed u c ed b y th e p a y m e n t o f $ 3 0 ,0 0 0 of th e P h ila d e lp h ia
& R e a d in g C o lla tera l S in k in g F u n d L o a n , for w h ic h th is
C o m p a n y h a s b e e n r eim b u rsed b y R e a d in g C o m p a n y .
F ro m th e e a rn in g s of th e C o m p a n y for th e fiscal y e a r th ere
w a s a p p r o p r ia te d to th e D e p le tio n of L a n d s F u n d th e su m of
$ 4 6 5 ,7 6 7 5 9 , b e in g 5 c e n ts p er to n o n coal m in e d fr o m th e
C o m p a n y ’s la n d s d u rin g th e y ear; a n d th is a c c o u n t n o w
s ta n d s a s fo llo w s:
B a l a n c e J u l y 1 1 9 0 8 , p e r a n n u a l r e p o r t - - -----$ 1 ,5 0 2 ,9 3 2 73
A m o u n t a p p r o p r i a t e d f o r y e a r e n d in g J u n e 3 0
1 9 0 9 : 9 ,3 1 5 ,3 5 1 .1 4 t o n s a t 5 c e n ts p e r t o n , 4 6 5 ,7 6 7 59
I n c o m e f r o m I n v e s t m e n t s ------------------------------------ ---- 2 2 ,1 5 1 5 4
^
L e s s a m o u n t i n v e s t e d in C o a l L a n d s a n d P e r m a n e n t I m p r o v e
m e n t s a n d t r a n s f e r r e d t o C a p i t a l A c c o u n t -------------------------- i ,4 U 7 ,i 0 8 i o
B a l a n c e o f a c c o u n t J u n e 3 0 1 9 0 9 _________________________
$ 4 9 3 ,6 8 3 71
w h ic h is in v e s t e d a s fo llo w s:
S e c u r i t ie s o w n e d __________________________________
C a s h _______________________________________________
$ 3 0 0 ,0 0 0 0 0
1 0 1 ,3 0 2 4 8
G e n e ra l L e d g e r B a la n c e J u n e
B a la n c e of a p p r o p r ia tio n p a id
$ 4 0 1 ,3 0 2 4 8
9 2 ,3 8 1 23
■ I- ■
3 0 1 9 0 9 _________
in J u l y . . - ...........
71
T h e d e c re a se o f r e c e ip ts from th e sa le of A n th r a c ite fro m
la s t y e a r w a s $ 3 ,2 5 8 ,2 0 4 42; th e in c re a se in r e c e ip ts fro m sa le
o f B itu m in o u s a n d fro m o th e r so u r c e s w a s $ 3 6 ,4 7 8 2 7 , m a k
in g a d e c re a se in g r o ss r e c e ip ts o f $ 3 ,2 2 1 ,7 2 6 15 a s co m p a r ed
w ith p r e v io u s y e a r .
T h e d e c re a se in e x p e n s e s a m o u n te d to $ 2 ,2 5 8 ,9 3 3 9 6 .
C o st o f M in in g a n d R e p a ir s d e c r e a se d $ 9 3 4 ,5 6 5 2 3 , w h ic h
r e su lte d p r in c ip a lly from th e d e c re a se o f 9 3 4 ,4 3 1 .0 2 to n s in
th e to n s m in e d b y th e C o m p a n y .
C o st o f tr a n s p o r ta tio n of coal b y rail a n d w a te r d u rin g th e
y e a r w a s $ 9 ,0 8 0 ,3 2 8 3 1 , a s c o m p a r ed w ith $ 1 0 ,6 5 2 ,0 8 2 58
fo r th e p r e v io u s y e a r .
Mr. T h o m a s M. R ic h a r d s, F ir s t V ic e -P r e s id e n t, d ie d
S e p t. 5 1 9 0 8 . M r. R ic h a r d s, w h o h a d b e e n in th e s e r v ic e
o f th e P h ila d e lp h ia & R e a d in g R a ilr o a d C o m p a n y sin c e 1 8 5 8 ,
w a s in 187 5 a p p o in te d G en eral C oal A g e n t o f th e P h ila d e l
p h ia & R e a d in g C oal & Ir o n C o m p a n y , r e ta in in g c h a r g e o f
th is d e p a r tm e n t in th e se v e r a l p o s itio n s h e o c c u p ie d u n til
h is d e a th .
.
T h e o ffic e s o f “ F ir s t V ic e -P r e s id e n t” a n d “ S e c o n d V ic e
P r e s id e n t a n d G en eral M a n a g er” w e re a b o lish e d , a n d Mr.
W . .1. R ic h a r d s w a s a p p o in te d “ V ic e -P r e sid e n t a n d G en eral
M a n a g er.”
R E A D IN G C O M PA N Y .
T h e a m o u n t of G en eral M o rtg a g e b o n d s o u t s t a n d in g w a s
in c r e a se d d u rin g t h e y e a r $ 1 ,0 6 9 ,0 0 0 , m a k in g t h e t o t a l b o n d s
o u t s t a n d in g o n J u n e 30 1 9 0 9 $ 7 6 ,0 3 1 ,0 0 0 , a s s h o w n b y th e
b a la n c e s h e e t o f R e a d in g C o m p a n y .
T h is in c r e a s e i s
a c c o u n te d for a s fo llo w s:
D e l iv e r e d t o R e a d i n g C o m p a n y In p u r s u a n c e o f t h e
te r m s of th e G e n e ra l M o rtg a g e f o r n e w a c q u is itio n s
a n d b e t t e r m e n t s ______________________________________$ 1 ,5 0 0 ,0 0 0
D ra w n u n d e r th e te r m s o f th e G e n e ra l M o rtg a g e o n
a c c o u n t of a n e q u a l a m o u n t o f th e P h ila d e lp h ia &
R e a d in g R a ilr o a d C o m p a n y 1 0 -y e a r S in k in g F u n d
b o n d s , w h ic h w e re p a id a n d c a n c e le d o u t o f th e p ro
c e e d s o f t h e s in k i n g f u n d o f t h a t l o a n _______________
3 0 ,6 0 0
D r a w n u n d e r t h e t e r m s o f t h e G e n e r a l M o r tg a g o o n
a c c o u n t of g ro u n d re n ts of R e a d in g C o m p a n y a n d
th e P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y ,
p a i d a n d s a t i s f i e d -------------------------------------------------------1 0 ,0 0 0
------- ---------- $ 1 ,5 4 0 ,0 0 0
L e ss a m o u n t o f G e n e ra l M o rtg a g e b o n d s p u r c h a s e d a n d c a n c e le d
o u t o f th e p ro c e e d s o f th e G e n e ra l M o rtg a g e S in k in g F u n d —
4 7 1 ,0 0 0
$ 1 ,0 8 9 ,0 0 0
$ 4 ,4 5 4 ,0 0 0 G en eral M o rtg a g e B o n d s h a v e b e e n p u r c h a s e d
a n d c a n c e le d fo r t h e S in k in g F u n d to J u n e 30 1 9 0 9 .
D IV ID E N D S .
O n J u n e 10 1 908 a d iv id e n d o f 2 p e r c e n t u p o n t h e F ir s t
P re fer re d S to c k w a s d e c la r e d o u t o f t h e su r p lu s e a r n in g s o f
R e a d in g C o m p a n y , a n d p a id o n S e p te m b e r 10 1 9 0 8 , a n d on
J a n u a r y 2 0 1909 t h e B o a r d d e c la r ed o u t o f t h e su r p lu s
e a rn in g s a d iv id e n d o f 2 p er c e n t u p o n t h e F ir s t P re fer re d
S t o c k , w h ic h w a s p a id o n M arch 10 1 9 0 9 .
O n S e p te m b e r 16 1908 a d iv id e n d o f 2 p er c e n t u p o n t h e
S e c o n d P re fer re d S to c k w a s d e c la r ed o u t o f t h e su r p lu s
e a r n in g s o f R e a d in g C o m p a n y , a n d p a id N o v e m b e r 10 1 9 0 8 ,
a n d o n M arch 17 1909 a fu r th e r d iv id e n d o f 2 p er c e n t u p o n
th e S e c o n d P referred S to c k w a s d e c la r ed o u t of t h e su r p lu s
e a r n in g s o f R e a d in g C o m p a n y a n d p a id M ay 10 1 9 0 9 .
O n J u n e 10 1 908 a d iv id e n d of 2 p er c e n t u p o n t h e C o m m o n
S to c k w a s d e c la r e d o u t o f th e su r p lu s e a r n in g s o f R e a d in g
C o m p a n y a n d p a id A u g u s t 1 1 9 0 8 , a n d on D e c e m b e r 16 1908
a fu r th e r d iv id e n d of 2 p e r c e n t u p o n t h e C o m m o n S to c k
w a s d e c la r e d o u t o f th e su r p lu s e a r n in g s o f R e a d in g C o m p a n y
a n d p a id o n F e b r u a r y 1 1 9 0 9 . P rio r t o t h e p a y m e n t o f th e
la s t-n a m e d d iv id e n d th e C o m p a n y p a id t o t h e T r u s t e e of
th e G en era l M o rtg a g e $ 4 7 2 ,6 6 9 2 4 , b e in g t h e a m o u n t
r eq u ire d fo r th e S in k in g F u n d , w h ic h r e p r e se n te d fiv e c e n t s
p er to n o n a ll a n th r a c ite c o a l m in e d d u rin g t h e c a le n d a r
y e a r of 1908 fr o m la n d s o w n e d a n d c o n t r o lle d b y T h e
P h ila d e lp h ia & R e a d in g C oal & Ir o n C o m p a n y a n d p le d g e d
u n d e r th e G en eral M o rtg a g e . T h is su m of $ 4 7 2 ,6 6 9 2 4
w a s a lso p a id o u t o f su r p lu s e a rn in g s a n d w a s a p p lie d b y th e
T r u ste e to th e p u r c h a s e of th e $ 4 7 1 ,0 0 0 G en era l M o r tg a g e
b o n d s referred to a b o v e .
GENERAL
M ORTGAGE
BO NDS.
O n N o v e m b e r 18 1 9 0 8 R e a d in g C o m p a n y c e r t if ie d , a s
p r o v id e d in th e G en eral M o rtg a g e , t o t h e T r u s t e e th e r e o f
th e a p p lic a tio n o f th e $ 1 ,5 0 0 ,0 0 0 G en era l M o r tg a g e b o n d s
w h ic h , a s s t a t e d in th e a n n u a l r e p o r t o f 1 9 0 8 , h a d b e e n
d e liv e r e d to it for n e w a c q u is itio n s a n d b e t t e r m e n t s .
T h ese
n e w a c q u is itio n s a n d b e t t e r m e n t s c o n s is te d of:
R o l li n g s t o c k ----------------------------------------------------------------------------------B a l a n c e f r o m p r e v i o u s c e r t i f i c a t e , & c --------------------------------------$ 1 ,5 7 0 ,0 2 5 77
A ll th e r o llin g s to c k th u s a c q u ir e d h a s b e e n c o n v e y e d to
th e T r u s te e o f th e G en eral M o rtg a g e b y a sp e c ia l s u p p le m e n t a l
m o r tg a g e .
U p o n t h e filin g o f th e c e r tific a te r eferred to , t h e T r u ste e
d e liv e r e d to R e a d in g C o m p a n y th e $ 1 ,5 0 0 ,0 0 0 G en era l
M o rtg a g e b o n d s a b o v e r eferred t o , to b e u s e d fo r fu r th e r
a c q u is itio n s a n d b e t t e r m e n t s .
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T h e is s u e o f $ 1 ,5 0 0 ,0 0 0 N e w Y o r k S h o r t L in e R a ilr o a d
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S e r ie s D , c a n c e l e d ________________________________ 3 1 2 , 0 0 0 0 0
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$ 2 809 000
I n t r e a s u r y J u n e 3 0 1 9 0 8 __________________________
R e c e iv e d a s h e r e t o f o r e s h o w n :
F o r I m p r o v e m e n t s , & c ________________
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g a g e s p a i d a n d s a t i s f i e d _____ .
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a d v a n c e s ...................... ......................... ...............
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1 ,9 6 9 ,0 0 0
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M o rtg a g e b o n d s a re a p a r t, t h a t w e re r e c e iv e d b y R e a d in g
C o. fr o m T h e P h ila d e lp h ia & R e a d in g C oal & Ir o n C o. in
s e t t le m e n t o f te m p o r a r y a d v a n c e s , a re a s fo llo w s:
R e a d i n g C o m p a n y G e n e r a l M o r t g a g e b o n d s _______________________
R e a d i n g C o m p a n y J e r s e y C e n t r a l C o l la t e r a l T r u s t b o n d s ________
M a m m o th V e in C o a l & I r o n C o m p a n y b o n d s ____________________
S e a c o a s t R a i l r o a d C o m p a n y P r i o r L ie n b o n d s ____________________
W a s h i n g t o n & F r a n k l i n R a i l w a y C o . F i r s t M o r t g a g e b o n d s ____
M ill C r e e k & M in e H ill N a v i g a t i o n & R a i l r o a d C o . s t o c k _______
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READING IRON COMPANY.
T h e b a la n c e s h e e t o f th e R e a d in g Ir o n C o m p a n y a s of
J u n e 30 1 9 0 9 sh o w s a s s e s t s a m o u n tin g to $ 1 4 ,3 4 1 ,5 3 1 11.
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S in k in g F u n d se c u r itie s d e p o s ite d w it h th e T r u s te e , a m o u n t
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C o m p a n y fr o m th e n e c e s s it y o f r e q u ir in g a s la rgo a d iv id e n d
fro m th e P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y d u r in g
th e p a s t fiscal y e a r a s h a d p r e v io u s ly b e e n p a id , a n d le ft
th e P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y free to p a y
o u t o f i t s e a r n in g s th e e x p e n s e o f th e e le v a t io n o f th e tr a c k s
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s u r p lu s, a s p r e v io u s ly n o t e d , w a s on J u n e 30 190 9 $ 9 ,
7 2 1 ,6 1 2 2 7 , a s c o m p a r ed w ith $ 1 0 ,1 6 2 ,0 6 6 4 4 o n J u n e 30
1 9 0 8 . T o j u s t if y th e p a y m e n t o u t o f e a r n in g s o f th e e x p e n s e
o f th e e le v a t io n o f th e tr a c k s in P h ila d e lp h ia , it n e e d s o n ly
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in c r e a se o f e a r n in g s t h a t w o u ld w a r r a n t t h e is s u e o f b o n d s
or s t o c k .
T h e B o a r d o f D ir e c to r s e x t e n d s it s t h a n k s to t h e o ffic e r s
a n d e m p lo y e s o f a ll th e C o m p a n ie s c o m p o s in g th e R e a d in g
S y s t e m fo r th e fa ith fu l a n d e ffic ie n t se r v ic e s p e r fo rm e d
b y th e m d u r in g t h e p a s t y e a r .
B y o rd er o f th e B o a r d o f D ir e c to r s ,
GEORGE F. B A E R ,
R E A D I N G R Y . CO . A N D T H E P H I L A .
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I n te r e s t on d e b t of P . & R . C. & I. C o .. .
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................................ .............. -
1 9 0 8 -1 9 0 9 .
R E A D IN G C O M PA N Y .
In co m e—
F r o m P h i l a d e l p h i a & R e a d i n g R a i lw a y C o .—
I n t e r e s t o n P u r c h a s e M o n e y M o r t g a g e _____
I n t e r e s t A c c o u n t L e a s e d L i n e s , & c _________
R e n t D e la w a r e R i v e r V V h a rv c s_____________
R e n t o f E q u i p m e n t __________________________
President.
$ 4 ,1 9 0 ,8 9 6 09
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R e c e ip ts —
F r o m R a i lw a y T r a f f i c ____ ______ _______________________
O t h e r I n c o m e _____________________________________________
O u t s i d e o p e r a t i o n s ( n o t e a r n i n g s ) _____________________
$ 3 9 ,0 6 0 ,2 3 3 65
7 7 0 ,7 1 5 52
4 3 6 ,3 1 2 3 0 $ 4 0 ,2 6 7 ,2 6 1 47
$ 3 9 ,8 7 8 ,8 8 1 92
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O p e r a t i n g . _______ ____________ _______________ ________ __
A d d i t i o n s a n d b e t t e r m e n t s ______________________________
$ 2 3 ,8 2 5 ,6 7 8 53
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$ 2 5 ,4 5 8 ,2 9 6 06
9 3 7 ,0 5 9 64
2 5 ,6 3 1 ,4 0 0 71
2 0 ,3 9 5 ,9 5 5 70
1 4 ,6 3 5 ,8 6 0 76
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E xpenses—
O p e r a t i n g __________________________
N e w W o r k a t C o llie r ie s ___________
I n te r e s t o n D e b t to R e a d in g C o.
1 6 ,2 0 8 ,6 3 9 64
$ 3 4 ,7 0 2 ,6 9 4 4 6
3 3 2 ,5 1 1 ,6 3 6 3 5
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9 3 5 ,0 0 3 19
$ 3 8 ,0 1 4 ,4 2 0 01
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1 ,5 8 4 ,4 8 5 40
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3 7 ,6 8 0 ,6 1 8 67
1 7 3 ,8 5 0 13
3 2 4 ,7 7 1 94
$ 2 8 ,8 5 1 ,8 9 1 3 8
N e t R e c e i p t s _____________________________
F ix e d C h a rg e s a n d T a x e s —
R e a d i n g C o m p a n y ______________________________
P h i l a d e l p h i a & R e a d i n g R a i l w a y C o .—
O n S e c u r i t i e s , & c ., p a y a b l e t o P u b l i c _______
O n S e c u r i t ie s o w n e d b y R e a d i n g C o m p a n y .
$ 3 0 ,0 8 8 ,5 5 4 88
$ 4 ,6 2 6 ,7 8 5 3 0
$ 5 ,7 4 8 ,8 3 8 15
4 ,3 2 7 ,4 7 6 78
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$ 4 ,5 0 9 ,5 5 3 64
$ 5 ,7 3 2 ,1 0 3 22
4 , 1 9 0 ,8 9 6 99
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1 0 6 ,8 7 6 42
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F i x e d C h a r g e s a n d T a x e s , a s a b o v e ____________________________________________ ______________ . . $ 1 4 , 8 0 9 9 7 6 6 5
L e s s I n c o m e o f R e a d i n g C o m p a n y , in c l u d e d In l lx e d c h a r g e s o f R a i lw a y C o ., a s a b o v e ____
4 , 3 2 7 ,4 7 6 78
$ 1 4 ,6 3 9 ,8 0 2 0 2
4 ,1 0 0 ,8 9 6 99
S u r p lu s .
N e t F i x e d C h a r g e s a n d T a x e s ............................................................................................................................ - $ 1 0 ,4 8 2 ,4 9 9 87
D r.
R E A D IN G
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T o ta l.
R a ilr o a d E q u ip m e n t—
L o c o m o ti v e E n g in e s a n d C a r s ____________ $ 3 2 ,9 1 0 ,3 4 8 14
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N e w E q u i p m e n t --------------------------1 ,1 8 6 ,9 1 8
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2 6 0 ,1 8 1
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P h i l a d e l p h i a & R e a d i n g R a i l w a y C o n i
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p a n y ’s B o n d s -------------------------------------------- 2 0 ,0 0 0 ,0 0 0 0 0
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4 4 ,2 9 6 ,9 7 2
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P h ila d e lp h ia & R e a d in g R a ilw a y C o m
p a n y ’s S t o c k -------------------------------------------- 2 0 ,0 0 0 ,0 0 0 0 0
T h e P h ila d e lp h ia & R e a d in g C oal & Iro n
C o m p a n y ’s S t o c k ----------------8 , 0 0 0 ,0 0 0 0 0
S t o c k s o f s u n d r y c o m p a n i e s _______________ 5 2 ,7 5 7 ,6 7 6 99
T h e P h i l a d e l p h i a & R e a d i n g C o a l & I r o n C o ...... .....................
S u n d r y R a i l r o a d s , e t c -------- . . . _______ ______ _________________
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1 ,2 3 2 ,5 3 8 73
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e r a l G o ld B o n d s ______ ______________
2 3 ,0 0 0 ,0 0 0 0 0
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t if ic a t e s ‘‘S e r ie s B ” ...........
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“ S c r ie s C ” __________________
8 7 ,0 0 0 0 0
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E q u ip m e n t
T r u s t C e r ti f ic a te s
“ S e r ie s D ’’________________
4 6 8 ,0 0 0 0 0
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“ S e r ie s E ” . . . --------------4 ,2 1 0 ,0 0 0 0 0
B o n d s — M o r tg a g e
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1 ,2 0 0 ,0 0 0 00
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D r.
A m o u n t.
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................................ ..................................................................$ 2 8 4 ,8 5 2 ,3 0 5 19
C u r r e n t A s s e ts —
_
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N o t e s R e c e i v a b l e _______________
1 0 3 ,4 2 7
60
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A c c r u e d I n c o m e ________________
4 3 2 ,0 2 5
70
C u r r e n t B u s i n e s s ________________
2 9 ,0 6 8
17
P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y
2 3 0 ,4 4 1 3 3
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B ro u g h t fo rw a rd
T o ta l.
_____ _____________ _______________ ______________$ 1 0 9 ,0 3 2 ,5 3 8 7 3
F i r s t P r e f e r r e d S t o c k . . _____ _________________ 2 8 ,0 0 0 ,0 0 0 00
S e c o n d P r e f e r r e d S t o c k _______________________ 4 2 ,0 0 0 ,0 0 0 0 0
C o m m o n S t o c k _____________________ __________ 7 0 ,0 0 0 ,0 0 0 0 0
1 4 0 ,0 0 0 ,0 0 0 0 0
C o n t i n g e n t A c c o u n t ( f o r U n a d j u s t e d M a t t e r s i n C o n n e c t io n
1 ,5 3 8 ,5 9 4 58
w i t h F o r e c l o s u r e S a l e , e t c . ) ________________________________
C u rre n t L ia b ilitie s —
C u r r e n t B u s i n e s s _________________________
3 0 ,6 8 0 99
A c c r u e d I n t e r e s t , T a x e s , e t c . ( E s t i m a t e d ) 2 ,7 4 3 ,1 7 7 17
2 ,7 7 3 .8 5 8 16
3 6 0 13
S i n k i n g F u n d G e n e r a l M o r t g a g e L o a n _______________________
S u r p l u s t o J u n e 3 0 1 9 0 8 _____________________ 1 4 ,2 6 9 ,4 4 5 9 4
S u r p l u s f o r y e a r e n d i n g J u n e 3 0 1 9 0 9 ..............
9 ,4 1 5 ,3 9 5 19
B ro u g h t fo rw a rd
2 3 ,6 8 4 ,8 4 1 13
w h ic h d e d u c t—
D iv id e n d o n F irs t P re fe rre d
S t o c k , p a i d S e p t . 10 1 9 0 8 $ 5 6 0 ,0 0 0 0 0
D iv id e n d o n F irs t P re fe rre d
S t o c k , p a i d M c h . 10 1 9 0 9 5 6 0 ,0 0 0 0 0
D i v i d e n d o n S e c o n d P r e f ’d
S t o c k , p a i d N o v . 1 0 1 9 0 8 8 4 0 ,0 0 0 0 0
D i v i d e n d o n S e c o n d P r e f ’d
S t o c k , p a i d M a y 10 1 9 0 9 8 4 0 ,0 0 0 OO
D iv id e n d o n C o m m o n S to c k ,
p a i d A u g . 1 1 9 0 8 -----------1 ,4 0 0 ,0 0 0 0 0
D iv id e n d o n C o m m o n S to c k ,
p a i d F e b . 1 1 9 0 9 ________ 1 ,4 0 0 ,0 0 0 0 0
G e n e ra l M o rtg a g e S in k in g
F u n d _________ _________ _
4 7 2 ,6 6 9 2 4 — 8 ,0 7 2 ,6 6 9 2 4 — 1 7 ,6 1 2 ,1 7 1 8 9
F rom
$ 2 7 0 ,9 5 7 ,5 2 3 4 9
$ 2 7 0 ,9 5 7 ,5 2 3 4 9
G E O R G E Z IE G L E R , C o m p tr o lle r .
P H IL A D E L P H IA
& R E A D IN G R A IL W A Y C O M PA N Y .
IN C O M E A C C O U N T F O R T H E Y E A R E N D E D J U N E 30 1909, A N D C O M P A R IS O N W IT H Y E A R E N D E D J U N E 30 1908.
1 9 0 8 -1 9 0 9 .
1 9 0 7 -1 9 0 8 .
R A IL R O A D .
E a r n in g s —
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
F ro m
$ 1 8 ,5 7 7 ,2 7 2
1 3 ,5 0 2 ,9 2 5
6 ,2 1 1 ,9 3 3
1 1 7 ,8 0 1
2 5 ,5 2 0
6 0 7 ,4 0 7
2 1 3 ,2 8 6
8 7 ,4 1 4
2 0 8 ,1 4 5
1 0 ,4 2 9
1 ,1 2 3
3 1 5 ,6 2 0
c o a l r e v e n u e ---------------------------------------------------------------- $ 1 7 ,6 9 8 ,2 2 7 06
1 3 ,5 4 6 ,7 2 6 9 5
m e r c h a n d is e r e v e n u e ------------------ ----------- ------------------p a s s e n g e r r e v o n u o -------------------------------------- ---------------6 ,1 8 2 ,4 2 1 4 5
m a ll r e v e n u e __________________________________________
1 1 8 ,5 1 1 61
e x c e s s b a g g a g e r e v e n u e ---------------------------- -------------2 7 ,9 3 6 01
e x p r o s s r e v e n u e ------------------------------------ ------------- ------5 5 9 ,8 7 3 98
m il k r e v e n u e (o n p a s s e n g e r t r a i n s ) . ................. ...............
2 0 0 ,6 2 9 70
o t h e r p a s s e n g e r t r a i n r e v e n u e ----------------------------------8 6 ,3 9 4 74
s w i t c h i n g r e v e n u e -----------------------------------------------------2 5 7 ,3 1 3 94
3 5 ,0 4 3 55
s p e c i a l t r a i n r e v e n u e -------------------------------------------------m is c e ll a n e o u s t r a n s p o r t a t i o n r e v e n u e ..............................
5 1 ,2 2 2 40
re v e n u e fro m o p e ra tio n s o th e r t h a n tr a n s p o r ta tio n
2 9 5 ,9 3 2 26 $ 3 9 ,0 6 0 ,2 3 3 6 5
11
96
58
32
79
69
68
76
05
55
98
4 5 $ 3 9 ,8 7 8 ,8 8 1 92
O th e r I n c o m e —
R e n t o f P r o p e r t y -------------- --------------------- ----------------------------H i r e o f E q u i p m e n t ---------------------------------------- --------- ------------I n c o m e f r o m s e c u r i t i e s , I n t e r e s t , & c ______________________
$ 9 8 ,4 2 9 24
5 6 5 ,9 7 0 43
1 5 8 ,9 3 3 80
L e s s r e n t a l s _________ ________________________________________
$ 8 2 3 ,3 3 3 4 7
5 2 ,6 1 7 95
$ 1 ,6 5 7 ,1 3 1 4 9
1 9 4 ,0 6 0 4 0
$ 1 ,8 5 1 ,1 9 1 8 9
8 9 ,1 3 4 57
7 7 0 ,7 1 5 52
E xpen ses—
m a i n t e n a n c e o f w a y a n d s t r u c t u r e s __________________
m a i n t e n a n c e o f e q u i p m e n t _____________________ ______
t r a n s p o r t a t i o n e x p e n s e s ________________________ ______ t r a f f i c e x p e n s e s _____________________________________ . . .
g e n e r a l e x p e n s e s ------------------------------------------------------------
O p e r a tin g
For
For
For
For
For
$ 3 ,3 1 0 ,7 9 9
7 ,5 5 3 ,6 3 3
1 1 ,8 2 0 ,7 0 5
4 3 6 ,1 9 4
6 8 6 ,3 4 6
61
38
28
07
19
O th e r E x p e n s e s —
1 ,7 6 2 ,0 5 7 3 2
$ 4 1 ,6 4 0 ,9 3 9 24
$ 3 9 ,8 3 0 ,9 4 9 17
2 3 ,8 2 5 ,6 7 8 53 $ 1 6 ,0 0 5 ,2 7 0 64
$ 3 ,8 0 3 ,0 4 5
8 ,0 9 4 ,4 0 7
1 2 ,4 3 7 ,3 1 6
4 5 1 ,2 7 5
6 7 2 ,2 5 1
97
08
51
02
48
2 5 ,4 5 8 ,2 9 6 0 6 $ 1 6 ,1 8 2 ,6 4 3 18
F o r a d d i t i o n s a n d b e t t e r m e n t s --------------------------------------------
1 ,8 0 5 ,7 2 2 18
9 3 7 ,6 5 9 64
O u t s i d e O p e r a t i o n s ( n e t e a r n i n g s ) ------------------------------------------
$ 1 4 ,1 9 9 ,5 4 8 46
4 3 6 ,3 1 2 3 0
$ 1 5 ,2 4 4 ,9 8 3 54
1 ,0 2 3 ,6 5 6 10
N e t E a r n i n g s _________________________ ______ ___________________
F i x e d C h a r g e s _________ ______ _________________________________
$ 1 4 ,6 3 5 ,8 6 0 76
1 0 ,0 7 6 ,3 1 4 93
$ 1 6 ,2 6 8 ,6 3 9 64
9 ,9 2 3 ,0 0 0 21
S u r p l u s ................................... .......................... .................. ................
$ 4 ,5 5 9 ,5 4 5 83
$ 6 ,3 4 5 ,6 3 9 43
B A L A N C E S H E E T J U N E 30 1909.
D r.
A m o u n t.
R a i l r o a d ________________________________________ $ 8 1 ,2 9 0 ,5 7 8 79
P h i l a d e l p h i a T e r m i n a l ________________________
8 ,5 0 0 ,0 0 0 0 0
------------------------- - $ 8 9 ,7 9 0 ,5 7 8 7 9
P h i l a d e l p h i a S u b w a y . . . _______ _______________________________
2 ,6 7 5 ,5 0 0 0 0
R e a l E s t a t e ___________________________________________
3 0 9 ,9 5 9 0 8
N e w L o c o m o ti v e a n d M a c h in e S h o p s , R e a d i n g ------------------1 ,8 8 1 ,7 1 6 15
B o n d s o f S u n d r y C o m p a n ie s ----------------------------------------8 1 5 ,5 0 0 0 0
N o r t h P e n n s y l v a n i a R a i l r o a d C o m p a n y S t o c k --------------------1 ,2 4 6 ,8 5 3 0 0
C u rre n t A s s e ts —
C a s h _____________________________________
$ 3 ,6 5 2 ,8 9 0 50
B ills R e c e i v a b l e _______________________________
1? 8 , 3 9 « J 8
A c c r u e d I n c o m e o n S e c u r i t i e s ________________
12
F r e i g h t a n d T o ll B i ll s _________________________
2 ,0 0 3 ,9 8 8 8 5
M a te r ia l s o n h a n d _____________________________
2 ,3 3 1 ,1 7 8 31
R a i l r o a d C o m p a n i e s ____________
2 ,9 1 3 ,4 1 4 8 7
P h i la d e l p h ia ic R e a d i n g C o a l & I r o n C o m
p a n y . _______________
0 1 0 ,1 6 6 16
I n d i v i d u a l s a n d F i r m s . . _______ ______________
6 9 3 ,2 7 6 4 8
------------------------1 2 ,6 5 7 ,2 8 9 48
D e p o s i t a c c o u n t I n s u r a n c e F u n d ..........................
$ 7 0 ,2 5 0 8 6
I n s u r a n c e F u n d S e c u r i t i e s ..........................................
0 7 8 ,5 9 0 7 5
— --------------------1 ,0 4 8 ,8 4 1 01
S u b w a y L o a n S e c u r i t i e s ..............................................................................
3 6 7 ,0 4 4 0 0
C r.
T o ta l.
A m o u n t.
T o ta l.
P r i o r M o r t g a g e L o a n s --------------------------------------- $ 5 ,2 4 1 ,7 0 0
C o n s o l id a t e d M o r tg a g e L o a n , 1 8 7 1 - 1 9 1 1 . . . 1 8 ,8 1 1 ,0 0 0
I m p r o v e m e n t M o rtg a g e L o a n , 1 8 7 3 -1 8 9 7
1 9 4 7 _________________________________________
9 ,3 6 3 ,0 0 0
C o n s o l id a t e d M o r t g a g e L o a n , 1 8 8 2 - 1 9 2 2
1 9 3 7 , F i r s t S e r i e s . . ________________________
5 ,7 6 6 ,7 1 7
C o n s o l id a t e d M o r t g a g e L o a n , 1 8 8 3 - 1 9 3 3 ,
.S e co n d S c r i e s _______________________________
1 ,5 3 5
D e b e n t u r e L o a n , 1 8 9 1 - 1 9 4 1 _________________
8 ,5 0 0 ,0 0 0
P u r c h a s e M o n e y M o r t g a g e __________________ 2 0 ,0 0 0 ,0 0 0
00
00
00
00
00
00
00
C i t y o f P h i l a d e l p h i a S u b w a y L o a n __________________________
P h ila d e lp h ia & R e a d in g R a ilw a y C o m p a n y S u b w a y M o rt
g a g e L o a n _____________ ______________ ______________________M o r t g a g e s a n d G r o u n d R e n t s _________________________________
C a p i t a l S t o c k ___________________________________________________
■
*4
6 8 2 ,0 0 0 00
2 4 3 ,1 0 5 's 7 0
.
2 0 ,0 0 0 ,0 0 0 .0 0
C u rre n t L ia b ilitie s —
U n p a i d V o u c h e r s a n d P a y R o l l s _______________ $ 2 ,8 3 1 ,5 1 2
R a i l r o a d C o m p a n i e s ___________________
2 ,3 0 3 ,9 8 0
I n d i v i d u a l s a n d F i r m s ________________________
1 6 0 ,2 8 3
R e n t s M a t u r e d ________________________________
2 8 9 ,1 1 3
I n t e r e s t M a t u r e d ______________________________
9 4 ,1 7 6
R e n t , I n t e r e s t , T a x e s , e t c . . A c c r u e d ________
1 ,7 0 0 ,7 1 1
R e a d i n g C o m p a n y ____________________________
2 3 0 ,4 4 1
13
39
47
50
12
98
33
In su ran ce F u n d .
E q u i p m e n t F u n d _______. __________________________ __________ S u b w a y S i n k i n g F u n d _________________________________________
W ilm in g to n & N o r th e r n R R . C o. E q u ip m e n t a c c t. L e a se .
R e a d i n g C o m p a n y , a c c t . I m p r o v e m e n t s ------------------------------S u r p l u s J u n e 3 0 1 9 0 8 _________________________ 1 0 ,1 6 2 ,0 8 6 4 4
L e ss D iv id e n d p a id N o v e m
b e r 19 1 9 0 8 _______________ $ 2 ,0 0 0 ,0 0 0 0 0
L e ss D iv id e n d p a id M a rc h
23 1 9 0 9 ____________________ 2 ,0 0 0 ,0 0 0 0 0
L e s s D i v i d e n d p a i d M a y 28
1 9 0 9 ______________________ 1 ,0 0 0 ,0 0 0 0 0
------------------------ 5 ,0 0 0 ,0 0 0 0 0
S u r p lu s f o r Y e a r e n d e d J u n e 3 0 1 9 0 9 .
$ 1 1 0 ,7 0 3 ,8 8 2 11
$ 6 7 ,6 8 3 ,9 5 2 0 0
1 ,9 9 3 ,5 0 0 0 0
7 ,6 1 0 ,2 1 8
1 ,0 4 8 ,8 4 1
6 9 6 ,,1 2 5
3 2 5 , 031
3 2 0 ,0 4 0
4 6 9 ,4 5 4
92
61
13
80
50
18
5 ,1 6 2 ,0 6 6 4 4
4 ,5 5 9 ,5 4 5 8 3 — 9 ,7 2 1 ,6 1 2 27
$ 1 1 0 ,7 9 3 ,8 8 2 11
T H E P H IL A D E L P H IA & R E A D IN G COAL & IR O N C O M PA N Y .
IN C O M E A C C O U N T F O R T H E Y E A R E N D E D J U N E 30 1009, C O M P A R E D W IT H T H E Y E A R 1908.
1 9 0 $ -1 9 0 9 .
1907- 1908.
R E C E IP T S .
A m o u n t.
_ _________________________________
83
51
97
33
79
03
$ 1 8 ,0 9 1 ,7 0 9
2 , 1 1 1 ,2 4 5
8 3 8 j 168
5 9 4 ,1 8 1
7 ,9 0 9 ,9 2 0
1 ,1 7 0 ,4 0 7
4 4 1 ,5 1 2
3 5 3 |7 0 0
5 8 ,1 1 6
7 ,8 9 6
9 4 7 ,8 1 6
H o u s e a n d L a n d r e n t s ...........................
$ 3 3 ,4 1 1 ,2 7 6
9 0 9 ,8 0 9
2 4 8 ,6 7 3
_______________________
1 2 7 ,3 0 3
7 1 ,7 8 4
2 3 ,7 8 6
T o ta l.
A m o u n t.
T o ta l.
24
93
04
66
49
82
00
00
77
52
99
$ 3 6 ,0 0 9 ,4 8 1
8 5 9 ,0 1 1
3 0 8 ,7 5 5
1 2 4 ,5 2 3
1 5 ,1 9 9
3 7 ,4 1 9
25
61
24
86
07
58
$ 1 9 ,0 2 6 ,3 3 4
2 ,4 9 7 ,4 8 7
8 0 4 ,6 5 3
0 0 7 ,7 2 2
0 ,1 8 8 ,7 1 4
1 ,4 0 3 ,3 0 7
4 8 2 ,1 2 0
3 3 9 ,0 8 7
4 9 ,8 4 9
2 ,0 5 4
9 8 4 ,3 3 1
47
18
91
48
99
59
40
03
13
02
40
$ 3 8 ,0 1 4 ,4 2 0 61
$ 3 4 ,7 9 2 ,0 9 4 40
E X P E N S E S .
$ 3 5 ,5 0 5 ,7 2 9 20
1 ,2 0 0 ,9 2 0 54
$ 3 2 ,5 2 4 ,7 3 0 06
4 7 8 ,8 6 7 3 0
$ 3 2 ,0 4 5 ,8 0 8 76
3 4 ,3 0 4 ,8 0 2 72
$ 2 ,7 4 0 ,8 2 5 70
1 ,1 7 2 ,2 0 4 79
$ 3 ,7 0 9 ,0 1 7 89
1 ,2 8 0 ,0 1 0 6 5
$ 2 ,4 2 3 ,0 0 7 24
$ 1 ,5 7 4 ,6 2 0 91
$ 5 1 4 ,3 4 9 90
1 1 7 ,2 4 8 17
1 ,5 8 4 ,4 8 5 40
$ 4 0 5 ,7 6 7 59
1 0 6 ,8 7 0 42
9 3 5 ,0 0 3 19
1 ,5 0 7 ,6 4 7 20
P r o f i t o f p r e v i o u s y e a r s ____
______ -
B a la n c e to C r e d it o f P r o f it a n d L o ss A c c o u n t.
_____
$ 1 .3 9 5 ,9 0 2 29
9 ,2 8 3 ,9 0 1
9 5 5 ,0 2 0
1 0 ,0 7 6 ,2 1 0
1 ,1 8 8 ,7 3 9
_______________
$ 2 0 7 ,5 2 3 77
1 ,1 8 8 ,4 3 8 52
$ 1 ,4 6 2 ,9 3 6 0 0
_________________________ _____
2 ,2 1 6 ,0 8 3 4 7
$ 6 6 ,9 7 3 71
1 ,3 9 5 ,9 6 2 29
1 0 ,2 1 8 ,3 9 2
1 ,0 8 3 ,0 8 1
1 0 ,9 9 2 ,9 7 5
1 ,0 2 0 ,7 3 1
T on nage—
S o ld
“
__________________________________________
D r.
BA LA N CE S H E E T JU N E
C a p ita l A c c o u n ts —
A m o u n t.
. .$ 5 1 , 1 1 0 , 7 8 8
C o a l L a n d s ....................
T i m b e r L a n d s _________________________________
8 3 8 ,8 2 7
N e w Y o r k a n d E a s t e r n D e p o t s --------------------7 2 1 ,5 0 7
W e s t e r n Y a r d s a n d D e p o t s . ------------------ —
1 ,0 4 0 ,4 4 0
M in e r s ’ a n d O t h e r H o u s e s ------------------------------5 5 3 ,1 3 7
P o tts v llle S h o p s , R e a l E s ta te a n d I m p r o v e
m e n t s ________________________
3 7 0 ,1 0 9
S t o r a g e Y a r d s a n d W a s h e r ie s ________________
8 5 1 ,8 9 2
O t h e r R e a l E s t a t e ____________________________
3 0 4 ,3 3 9
I m p r o v e m e n t s a n d E q u i p m e n t a t C o l li e r ie s . 1 2 ,9 5 9 ,2 2 4
S t o c k s a n d B o n d s o f C o m p a n ie s C o n t r o l l e d .
9 ,5 5 1 ,9 1 4
•'
T o ta l.
07
59
40
45
07
47
15
25
33
75
Urn
pr-i
k
$ 7 8 ,6 8 0 ,2 4 7 79
C u r r e n t A s s e t s —-
C a s h o n h a n d _________________________ ______ B ills R e c e i v a b l e _______________________________
C o a l A c c o u n t s --------------R e n t A c c o u n t s ____________________________—
C o m p a n ie s a n d I n d i v i d u a l s --------------------------C o a l o n h a n d __________________________________
S u p p l ie s a n d M a te r ia l s o n h a n d ------------------
$ 3 5 8 ,7 6 8
1 ,5 0 0
3 ,2 8 3 ,6 0 2
2 3 ,9 3 3
4 8 1 ,3 6 5
3 ,5 2 5 ,6 9 9
1 ,3 2 4 ,0 1 1
03
09
03
00
30 1909.
C r.
C a p ita l A c c o u n ts —
A m o u n t.
P . & R . C o l la t e r a l S i n k i n g F u n d L o a n , 1 8 9 2 - 1 9 3 2 -----C a p i t a l S t o c k __________________________________________________
R e a d i n g C o m p a n y . . .............................................. ........................................
C u r r e n t L ia b ilitie s —•
P a y R o l ls a n d V o u c h e r s _____________________
$ 9 8 5 ,7 7 1 S3
D u e f o r C o a l P u r c h a s e d ________ __________ ___
1 3 3 ,0 0 9 51
D u e f o r R o y a l t y o n C o a l M in e d _____ _______
1 3 6 ,0 7 1 04
F r e i g h t a n d T o l ls D u e F o r e ig n R o a d s _____
2 7 ,7 7 2 4 5
2 3 0 ,2 1 3 8 9
C o m p a n ie s a n ti I n d i v i d u a l s _________________
I n t e r e s t D u e a n d U n c o l l e c t e d _____ _________
8 ,5 9 2 5 0
I n t e r e s t a n d T a x e s A c c r u e d _________________
2 5 7 ,4 3 0 3 7
P . < : R . R a i l w a y C o m p a n y C u r r e n t A c c o u n t _______________
5
P r o f i t a n d L o s s t o J u u e 3 0 1 9 0 8 --------------1 ,3 9 5 ,9 6 2 2 9
P r o f i t f o r y e a r e n d e d J u n e 3 0 1 9 0 9 --------0 0 ,9 7 3 71
79
00
97
90
07
80
33
05
19
10
09
T o ta l.
$1,200,000 00
8,000,000 00
7 4 ,8 0 0 ,2 5 4 83
1 ,7 8 8 ,4 6 1 69
9 0 1 ,5 9 0 85
1 ,4 6 2 ,9 3 6 00
8 ,9 9 8 ,9 4 1 92
D e p l e ti o n o f C o a l L a n d s F u n d / C a s h ------------/S e c u r itie s . .
S t o c k s , B o n d s a n d iM o rtg a g e s
1 0 1 ,3 0 2 48
3 0 0 ,0 0 0 0 0
4 0 1 ,3 0 2 4 8
7 2 ,7 5 1 18
$ 8 8 ,1 5 3 ,2 4 3 3 7
$ 8 8 ,1 5 3 ,2 4 3 3 7
W.
— T h e firm o f T a tlo c k & B e a r d sle y of th is c it y h a s b een
fo r m e d b y J o h n T a tlo c k a n d P a u l B e a r d sle y to d ea l in in
v e s t m e n t b o n d s a n d o th e r s e c u r itie s , w ith o ffic e s a t 141
B roadw ay.
Mr. T a tlo c k w a s fo r s ix t e e n y e a r s A s sista n t
A c tu a r y a n d w a s o th e r w ise a n a c t iv e o ffice r o f th e M u tu al
L ife In su r a n c e C o. In 1905 he a ss u m e d th e p r e sid e n c y of
th e W a sh in g to n L ife In su r a n c e C o ., w h ic h a t t h a t tim e w as
in a w e a k e n e d c o n d itio n . H e resig n ed in 1 9 0 8 , w h e n th e
s t o c k o f th e c o m p a n y w a s s o ld to P itts b u r g h in te r e s ts for
$ 9 0 0 ,0 0 0 , le a v in g th e in s t it u t io n a g o in g c o n cern w ith a
su r p lu s o f a b o u t $ 1 ,0 0 0 ,0 0 0 , c o v e r in g th e c o n tin g e n t lia
b ilitie s to p o lic y h o ld e r s for p referred d iv id e n d s , p r o v isio n
fo r w h ic h h a d n o t th e r e to fo r e b een m a d e .
Mr. B e a r d sle y
w a s w it h t h e b a n k in g h o u se o f A . B . L e a c h & C o ., a n d its
p r e d e c e sso r s, P a r s o n , L e a c h & C o ., for s e v e n y e a r s , in th e
c a p a c it y o f lo c a l b o n d sa le s m a n .
— T h e rea d er w h o d e sir es to b u y or se ll u n lis te d a n d in
a c t iv e s e c u r itie s w ill d o w e ll to c o n s u lt t h e s e le c te d lis t of
b o n d s a n d s to c k s w h ic h are a d v e r tis e d in t o - d a y ’s issu e b y
J . K . R ic e J r. & C o ., 33 W all S t ., N e w Y o r k . T h is a d v e r
t is e m e n t o c c u p ie s th e p a g e o p p o s ite o u r “ C le a rin g -H o u se
B a n k S t a t e m e n t .” J . K . R ic e J r. & C o. are a c t iv e b u y er s
a n d se lle r s, a n d h a v e g o o d m a r k e ts in m isc e lla n e o u s se c u r ities.
In q u ir ie s a re in v it e d b y th e firm in p erso n or b y le tte r or
t e le p h o n e . T h e te le p h o n e n u m b e r s a re 7 4 6 0 to 7 4 6 6 ,
H a n o v e r , a n d 6 2 7 0 to 6 2 7 2 , H a n o v e r . C ab le a d d ress,
“ R ic e n o r .”
— “ T h e E a r n in g P o w e r o f R a ilr o a d s ” (12 m o ., 4 5 0 p a g e s,
b o u n d in e x t r a lin e n c lo th ) w ill b e s e n t free u p o n r eq u e st b y
J a m e s II . O lip h a n t & C o ., b a n k e r s , 2 0 B r o a d S t ., N e w Y o r k .
T h e firm h a s a m e m b e r sh ip in th e N e w Y o r k S to c k E x c h a n g e
a n d is p r e p a r ed to fu r n ish u p o n a p p lic a tio n lis ts o f d e sir a
b le in v e s t m e n t s w h ic h c o m p ly w ith th e sp e c ia l r eq u ire m en ts
o f in s t it u t io n s , e s t a t e s or in d iv id u a ls .
G . B R O W N , S e c r e ta r y .
— T h e S e p te m b e r circu la r o f W . N . Color & C o ., e s ta b lis h e d
in 1870 a t 4 3 C edar S t ., N e w Y o r k , w ill b e m a ile d to all w h o
a p p ly . T h e c ircu la r d e sc r ib e s a s e le c t lis t of m u n ic ip a l a n d
c o r p o r a tio n b o n d s , w h ic h offer a n o p p o r tu n ity to th e o ffic e r s
of b a n k s , a d m in is tr a to r s o f e s t a t e s , s a v in g s b a n k s , in su r a n c e
c o m p a n ie s a n d in d iv id u a ls o f a w id e s e le c t io n , a c c o r d in g to
th e ir w a n t s . T h is w e e k th e firm is a lso a d v e r tis in g th e fo l
lo w in g b o n d s for sa le: P a te r s o n , N . J ., 2 5 -y e a r sc h o o l 4 % ;
S y r a c u s e , N . Y ., 2 5 -y e a r w a te r 4% ; R o m e , N . Y ., 2 0 -y e a r
w a te r 4 % ; W h ite P la in s , N . Y . , 3 0 -y e a r w a te r 4 % ; $ 2 5 0 ,0 0 0
M ic h ig a n U n ite d R a ilw a y C o. first r e fu n d in g 5% b o n d s d u e
1936 to y ie ld o v e r 5% ; o th e r issu e s o f to w n s a n d v illa g e s in
N e w Y o r k y ie ld in g 4% a n d m o r e a n d a lso S o u th e r n a n d
W e ster n m u n ic ip a l b o n d s r e tu r n in g 4 .2 5 to 5 % . T h e firm
w ill b e g la d to q u o te p rices o n a n y o f th e s e se c u r itie s .
— R u d o lp h K le y b o ltc C o. I n c ., o f 115 B r o a d w a y , N e w
Y o r k , w ill m a il all in q u ire rs a d e s c r ip tiv e circu lar o f th e c h o ic
e s t 6% ir r ig a tio n m o r tg a g e b o n d s , w h ic h are h a n d le d b y
t h e m . T h e firm s t a t e s t h a t irr ig a tio n b o n d s issu e d u n d er
th e F e d e r a l la w k n o w n a s th e “ C arey A c t ” ran k n e x t to
G o v e r n m e n t a n d m u n ic ip a l b o n d s a s h ig h -c la ss in v e s t m e n t s .
R u d o lp h K le y b o ltc C o. I n c ., a re d e a ler s in h ig h -g r a d e m u
n ic ip a l, r a ilr o a d , p u b lic se r v ic e c o r p o r a tio n , e q u ip m e n t a n d
irr ig a tio n b o n d s , a n d h a v e b r a n c h o ffic e s in C h ic a g o ,
P h ila d e lp h ia a n d C in c in n a ti.
— A m e ric a n C igar C o. 4 % g o ld n o te s , w h ic h are g u a r a n te e d
b y th e A m e ric a n T o b a c c o C o. a n d th e C o n tin e n ta l T o b a c c o
C o ., are b e in g offered b y th e G u a r a n ty T r u st C o ., 28 N a s sa u
S t ., N e w Y o r k , a n d 33 L o m b a rd S t ., L o n d o n — p r ic e a n d
d e sc r ip tiv e circu la r u p o n a p p lic a tio n .
— A t t e n t io n o f b o n d d e a ler s a n d p u b lic s e r v ic e c o rp o ra
tio n s is c a lle d to th e a d v e r tis e m e n t on p a g e Y . o f th e E le c
tric B o n d & S h a re C o ., 62 C edar S t ., N e w Y o rk , w h ic h m a k e s
a s p e c ia lty o f d e a lin g in e n tir e issu e s of e le c tr ic a l s e c u r itie s .
2 p te
COTTON.
(jp jc r m m m x a l
COM M ERCIAL E P IT O M E .
F r i d a y N i g h t , S e p t . 24 1909.
With phenomenal activity in iron and steel, and prices
of these commodities rapidly advancing, the tone in the
business world remains very confident. Still in other in
dustries the improvement is more gradual. Southern in
dustrial centres, however, are sending very favorable re
ports. The same is true of most other sections of the coun
try. Prices are generally steady.
LARD on the spot has advanced, owing to the strong
live hog situation, small supplies of product and a rise in the
future market. Trade moderately active. Prime Western
12.87c., Middle Western 12.75c. and City 12c. Refined lard
has advanced with a moderate business. Continent 13.10c.,
South America 13.75c. and Brazil in kegs 14.75c. Specu
lation in lard futures has been active at rising prices. The
bullish factors have been small hog receipts, strong hog
prices, light stocks and general buying.
D A IL Y C L O SIN G P R IC E S O F L A R D F U T U R E S IN CHICAGO .
S a t.
S ep tem b er d e liv e r y ------1 2 .0 2 ^
O ctober d e liv e r y --------- 12.00
J a n u a r y d e liv e r y --------- 10.67)^
M on.
12.15
12.05
10.70
T ues.
W ed.
12.20
12 .3 0
12.10
12.17 K
10.72 M 10.75
T hurs.
F r i.
12.5 0
12.00
12.22 14 12.37.14
10.7714 10.95
F r i d a y N i g h t , S e p te m b e r 24 1909.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given below. For the
week ending th is evening the total receipts have reached
278,584 bales, against 239,071 bales last week and 154,356
bales the previous week, making the total receipts since
Sept. 1 1909 715,615 bales, against 681,637 bales
for the same period of 1908, showing an increase sinceSept. 1 1909 of 3 3,978 bales.________________________ _
R e c e ip ts a t—
F r i.
T hurs.
T ues.
W ed.
G a lv e s to n ______
P o rt A rth u r____
Corp. C hristl, &c
N ew O r lea n s____
G u lf p o r t_______
M obile _________
P e n s a c o la ______
J a ck so n v ille , &c.
S a v a n n a h - ____
B r u n s w ic k _____
C h a r le s t o n _____
G e o r g e to w n -----W ilm in g t o n -----N o r fo lk ________
N 'p ort N ew s, &c
N ew Y o rk ______
B o sto n _______
B a ltim o r e ______
P h ila d e lp h ia ____
12,336; 18,760
____
____
26 ,5 2 9
____
12,520
____
3 ,9 6 9
4,131
2,576
3 ,5 8 7
1 2,065
____
____
2,691
2 ,1 6 5
____
"914
____
"547
2,379
____
584
____
14,103
13", 178
17",962
13,400
12,492
2 ,6 4 7
5,435
3~,6oi
l',709
3,062!
1,452!
____
3 ,6 0 0
2,219
1,456
25
3,043
3 ,4 8 2
____
5",04 6
2,274
5,187
2,353
____
T o ta ls th is w eek -
3 9 ,7 3 7 | 4 8 ,3 2 0
S a t.
M on.
—
—
—
95 ,9 3 9
____
1,5 2 6
18 ,9 8 5
____
7,452863
___■
_
_. _
276
276
13,245 8 4 ,3 8 0
14 ,6 0 0 1 4 ,6 0 0
1,775 16,023
25
3,9 8 3 2 3 ,9 8 1
2 ,9 96 14 ,7 7 6
278
278
50
13
" " io
257
257
—
23
5 5,620
42 ,2 5 7
37,081
55 ,5 6 9 2 7 8 ,5 8 4
50
""*3
—
23
T o ta l.
13,729
____
1,526
2,031
The following shows the week’s total receipts, the total
since Sept. 1 1909, and the stocks to-night, compared with
last year:_______________________________________________
PORK on the spot has risen on the strength of hogs,
S to c k .
1909.
1908.
small supplies and the strength of other hog products. Trade
R e c e i p t s to
T h is
S in c e S e p
T h is
S in c e S e p
S e p te m b e r 24.
quiet. Mess $25@$25 25, clear $22 75@$25 and family
1908.
W eek.
W eek.
1 1909.
1 1908.
1909.
$24@$25. Beef dull but firm with supplies light. Mess
12 8 ,9 3 4
245,194 109,501
3 0 4 ,3 1 2
133,897
G a lv esto n _______
95 ,9 3 9
____
____
$11@$11 75, packet $12 50@$13, family $13 75@$14 50 P o rt A r t h u r ____
____
641
641
1,526
4,7 7 8
C
& c.
and extra India mess $20 50 @$21. Cut meats have risen Corp. O lirlsti,s____ 18,985 39 ,6 1 0 26,191
56,41252,212
54,579
N ew
rlea n
____
____
G ulfport _______
with other hog products. Trade quiet. Pickled hams, M o b il e __________ 7,4 5 2
23 ,3 9 6
24,222
20,857
19,382 13,010
—
1,338
—
1,338
P e n s a c o la _______
regular, 14 to 20 lbs., 123^@ 12^c. Tallow dull and firm; J a ck so n v ille , & c.
2,354
551
"""381
"276
City 5%c. Stearines strong and more active; oleo 14 3^ @ S a v a n n a h _______ 8 4,3 8 0 235,818 7 3,743 188,204 111,706 108,4926,294
12,977
18,888
44 ,4 5 5 10,850
B r u n sw ic k ---------- 14,600
25 ,5 4 0
24,866
27,462
4 4,807 12,769
15c. Butter, creamery extras, 30c. Cheese, f. c., small or C h a r le s to n ---------- 16,023
_. ____
25
25
Georgetown -----23 ,2 1 2
4 1 ,8 6 5
18,913
50,340 23,401
W ilm in g to n ____ 23,981
large, fancy, 1534c.
13 ,4 1 5
24,151
10 ,9 5 0
29,181 14,203
N
lk
OIL.— Linseed moderately active and firm. City, raw, N o rfo't __________ 14,776
____
______
179
544
463
278
ew p N ew s, &c.
_
_
____
66,474
6 1 ,8 0 5
50
50
American seed, 57@58c.; boiled, 58@59c.; Calcutta, raw, N ew Y o r k ---------3 ,8 6 8
3 ,4 1 2
663
392
13
B o sto
75c. Lard has been dull but firmer on the rise in the raw B a ltimn __________
1,964
515
1,700
557
257
103
o re_______
177
4 ,9 1 0
182
—
3 ,1 0 5
23
material. Prime 95@97c.; No. 1 extra 48@50c. Cocoanut P h ila d e lp h ia ____
firmer with larger sales. Cochin 8 M @ 8 % c . ; Ceylon 7Mc.
4 5 7 ,7 8 6
2 78,584
71 5 ,6 1 5 2 8 6,480
G81,637j 4 6 9 ,8 0 3
T o t a l........... ..
Olive moderately active and steady at 85c.@$1 15. Palm
dull; Lagos 5%@6c. Peanut quiet and steady; yellow
In order that comparison may be made with other years,
G5@80c. Cod quiet and steady; domestic 38c.; New we give below the totals at leading ports for six seasons:
foundland 40c.
19 0 4 .
1907.
1905.
1908.
1906.
COFFEE on the spot has been dull. Rio No. 7, 734® R e c e i p t s a t — 1909.
734c.; Santos No. 4, 8 % @ 8 % c . West India growths G a lv e s t o n ___ 95 ,9 3 9 109,501
106,086
121,032
1 5 5 ,4 0 4
7 3 ,9 4 5
429
297
468
384
641
1,526
firmer and more active; fair to good Cucuta 9@10c. Specu P t. A rthur, &c.
43 ,9 4 8
2 0,698
6 5 ,5 0 9
17,479
26,191
18,985
N
Orleans
lation in future contracts has been more active. Early in Mewb ile ______.
15 ,6 2 7
11,162
7 ,1 2 0
6,674
13,010
7 ,4 5 2
o
1 0 7 ,3 5 5
71 ,5 0 5
6 5 ,7 1 0
68,302
84 ,3 8 0
73,743
the week prices advanced moderately on foreign buying and S a v a n n a h ___
7,014
1,286
3 ,8 2 6
11,986
10,850
14 ,6 0 0
B ru n sw ic k
covering of shorts. Of late the market has been reactionary C harleston,__
20 ,5 0 4
16,400
8,721
8,144
12,769
16,048
&c
3 0 ,2 3 7
2 5,323
15,354
2 3 ,9 7 6
23,401
23,981
on local liquidation, particularly in the near months, attribu W ilm in g to n . .
29 ,8 9 2
3 2 ,6 8 5
10,575
9,203
14,776
14,203
No o
ted partly to prominent local interests. Some who sold N 'profrtlk _____
106
198
79
179
108
278
N ., &c
6 ,1 3 7
1,027
1,373
near months bought the distant. Closing prices are as All o th e r s -----911
619
1,992
follows:
43 8 ,2 5 3
29 0 ,5 8 5
27 5 ,1 4 9
27 8 ,5 8 4
2 8 6 ,4 8 0
2 21,112
T o ta l th is w k .
S ep tem b er
O ctober -
N o v em b er.
D ecem b er
..5 .3 5 c .
. _ 5.35c.
.- 5 .4 0 c .
..5 .4 5 c .
Jan u ary .
F ebruary
March
A p r il____
------------ 5.50c.
------------ 5 .5 5 c.
________5.6 0 0 .
------------ 5 .6 0 c.
M ay . .
June . .
J u ly . .
A u g u st
5 .6 0 c.
5 .6 0 c.
5 .6 5 c.
5 .6 5 c.
S in ce S ep t. 1 .
7 1 5 ,6 1 5
68 1 ,6 3 7
5 14,175
6 74,576
9 21,898 1,0 7 0 ,7 0 1
The exports for the week ending this evening reach a total
SUGAR.— Raw firmer and morea ctive. Centrifugal, of 156,280 bales, of which 60,070 were to Great Britain,
96-degrecs test, 4.2334c.; muscovado, 89-degrees test, 44,655 to France and 51,555 to the rest of the Continent.
3.7334c.; molasses, 89-degrees test, 3.4834c. Refined quiet; Below arc the exports for the week and since Sept. 1 1909:
granulated4. 95@5.05c. Spices and teas have been active
and firm. Wool strong and more active.
W e e k e n d in g S e p . 24 1909. F r o m S e p t . 1 1909 to S e p t. 24 1909.
E x p o r te d to —
E x p o r te d to —
PETROLEUM.—Refined has been firm, with a good de
JC XJ O TIS
, C o n ti
G reat ,
fro m —
G re a t ,
, C o n ti mand for domestic and foreign account. Barrels 8.25c.,
T o t a l.
n e n t.
B r i ta l n .F r 'n c e J n e n t.
T o ta l. B r i t a i n . F r a n c e .
bulk 4.75c. and cases 10.65c. Gasoline has been active
57,432
29,618
esto n -------and firm; 86 degrees 1834®. in 100-gallon drums; drums $7 50 G a lvA rthur.. . 10,850 26.474j 9,539 46,863 _____ 51,363 ________ 138,413
_____
_____
_________
Port
extra. Naphtha has been fairly active and steady; 73@76 Corp .Christl <fcc
...........
2,090
2,090
1
19,779
7,003
5,776
degrees in 100-gallon drums 2134°.; drums $7 50 extra. New Orleans. . 2,450 7,666] "750 10,200 ________ 7",666 ________ _____
_____
_____
M obile..............
Spirits of turpentine 61 @6134c. Common to good strained P en sa co la -------- _____ _____ 1
________
_____
________
________
_____
_____
_ _
.................
_____
________
________
Fernandlna . .
rosin $3 80@$3 85.
76,737
19,718 7,184
49,835
Savannah -------- 13,792] 7.184] 12^298 33,274
_____
18,039
24.019
5,980
TOBACCO.— A further expansion in trade in domestic Brunswick -------- 5,980 _____ 9,399 15,379
_____
14,650
14,650
. . . .
10,650 10,650
Charleston _____
leaf has been reported during the week. The increase in the W llm in gton.-. 11,713! _____ _____ 11,713 11,71$ _____ 20,028 31,741
—
demand for Connecticut leaf has been greater than for other N o rfo lk ................. _____ _____
_____
.................
___
_____
_____
_____
kinds. Prices have ruled strong and some expect to witness Newport News. 5,566 3,495 5,015 14,076 _____ 3,810 ________ : _________
25,877
42,373
12,686
New York----a general advance by the middle of next month, especially Rost on ***“-- 7,247| _____
4,548
13,977
18,525
7,247
DUOlv**
‘ 502
2,782
1,229
4,513
1,229
502
B altim ore----on old tobaccos. Sumatra has been moderatlcy active at Philadelphia. . 1,243 _____ 1~,782 3,513
—
1,243
2,693
3,942
1,000 3,143
firm prices. The market for Havana has been more active, Portland, M e.. ______ _____ _____ _____ ................. ___ ________
_____
_____
_____
_____
___
951
951
San Francisco.
with an upward tendency of prices.
222
—
—
222
_____
_____
222
222
Seattle ...........
_____
_____
_____
_____
________
___
________
COPPER, after activity early in the week, has relapsed T acom a......... ____ 1 _____
_____
_____
________
_____
________
_________
Portland, Ore.
into dulness. Pices have been steady. Some Government P em b in a------—
—
—
purchases were reported during the week. The demand, D etroit........... - : : : : : : : :
—
—
............
however, was mainly for small lots and of export business
Total ____ 60,070^44,655 51,555 ■156,280 101,940| 69,859 206,15( 377,955
there was little. Lake 13@1334c., electrolytic 12^@ 13c.
and casting 1 2 % @ 1 2 % c . Lead dull at 434c. Spelter quiet Total 1908----- 67,43534,850 | 65,527 jl67,812 112,261 j 47,170 178,875! 338,303
at 4.70c. Tin quiet and firm; Straits 30.35c. Iron active
In addition to above exports, our telegrams to-night also
at an advance. Large sales have been made of late of foun
dry and forge grades. Pipe works have made heavy pur give us the following amounts of cotton on shipboard, not
chases and are still in the market. No. 1 Northern $19@ cleared, at the ports named. We add similar figures for
*
New York.
*33
$19 50, No. 2 Southern $18 50.
j
j
O n S h i p b o a r d , N o t C l e a r e d f o r —•
S e p t.
24 a t —
G reat
B r ita in . F ra n c e
N ew O r le a n s ..
G a lv esto n *_
_
S a v a n n a h ____
C h a rlesto n ____
M o b ile _______
N o r f o lk ___...
N ew Y ork ____
O th er p o rts___
1,649
25,000
4,465
2,148
10,000
9,587
400
8,200
1,200
12,000
B> T o ta l 1 9 0 9 ..
T o ta l 1 9 0 3 ..
T o ta l 1 9 0 7 ..
44 ,7 1 4
63,179
39,044
G er
m an u.
O th e r
F o r e ig n
2,117
30,000
12,586
3,000
6,674
10,000
1,418
500
1 ,000
1,300
14,000
2,500
2,000
31 ,4 3 5
26,077
24,938
03,003
61,887
38,823
22,592
19,464
25,589
C o a s tiv is e .
___
___
___
T o ta l.
125
4,000
2,700
3,000
700
9,500
12,713
79,000
30,756
6 ,0 0 0
9,300
9,500
5,500
29,000
20,025 181,769
13,875 184,482
20,110 148,504
288,0 3 4
273 ,3 0 1
3 0 2 ,8 0 5
FUTURES.—The highest, lowest and closing prices at
New York the past week have been as follows:
41,866
54,897
80,9 5 0
18,866
11,557
1,450
60,974
17,474
___
___
L e a v in g
S to c k .
—
@| ©| ©| @| @|. @| ©| @| ©| @| ©I @
•a •
'£ e,
* E stim a te d .
Speculation in cotton for future delivery has been active
at an advance of about $4 a bale. This was due largely to
a tropical storm which swept up the Mississippi Valley and
is supposed to have done considerable damage to the crop.
This would take the shape of beating down the cotton and
lowering the grade. Just how much damage has really been
done remains to be seen. In the meantime, however, an
active speculation has sprung up. James A. Patten is in
the market on the bull side, figuring on a crop something less
than 11,000,000 bales and a world’s consumption of American
cotton of 13,000,000 bales or more. lie is quoted as laying
stress on the large increase in the number of spindles in recent
years, and believes that the tariff on woolens and other fabrics
will inure to the benefit of cotton goods. In general, he em
phasizes the disparity, or supposed disparity, between sup
ply and demand in the interest of the bull side. Aside from
thus, other Western operators are believed to have been buy
ing, and large New Orleans and Memphis operators have
also arrayed themselves on the bull side of the market. Fur
thermore, spot markets have been strong, and in parts of
the South, notably at Savannah, a good demand has been
reported. Liverpool spot sales, if not quite so large as in
the previous week, have been liberal, ranging from 10,000
to 12,000 bales a day. Print cloths have advanced at Fall
River. Reports in regard to the condition of trade in Eng
land and on the Continent are more favorable. Reverting
to the storm, it is said that damage has been done in Mis
sissippi, Louisiana and parts of Arkansas, as well as in Ten
nessee and Alabama. Louisiana suffered from a tidal wave,
and for several days it was impossible to get complete quo
tations from New Orleans; for two days they were shut off
altogether. The New York stock is steadily decreasing,
having fallen off nearly 20,000 bales this month. It is some
10,000 bales smaller than a year ago and 105,000 less than
at this time in 1907. Wall Street and Liverpool houses,
£ 3 well as those in the West and the South, have been good
U
buyers, and estimated daily transactions on the Exchange
have latterly been from 400,000 to 650,000 bales a day.
Heavy rains have fallen at times in Alabama, Georgia, the
Carolinas and Mississippi. October, which was recently
at a discount of 10 to 11 points under January, has within a
day or two sold a point or two over that month. Spot cotton
here on Thursday advanced 40 points. It is true that the
receipts at the ports have been heavy, and that the total
thus far this season is larger than for the corresponding per
iod even last year, the year of the high-record crop. It is
also true that hedge selling by the South has continued, and
is likely to continue for some time to come in more or less
liberal volume. Also, there has been very heavy realizing of
profits on the long side, and from time to time more or less
selling for a reaction. But the market has promptly ab
sorbed offerings and reactions have been both moderate and
temporary. Futures have reached a new high record for
this season, and in fact are the highest for some years past.
To-day prices advanced on further reports of damage from
the tropical storm, rising spot markets at the South and gen
eral buying. Spot cotton here has been quiet but stronger.
Middling upland closed at 13.75c., an advance for the week
of 105 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
S e p t . 18 to S e p t . 24—
M idd ling u p la n d s______
Sat.
12.85
iMon.
13.00
Tucs.
13.10
W ed.
13.15
T hurs.
13.55
Fri.
13.75
3g
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13.75
9.40
1 1.90
9.60
11.10
11.20
11.40
9.00
1901..
1 9 0 3 ..
1 9 0 2 ..
1 9 0 1 .c .
1 9 0 0 ...
1 8 9 9 ...
1 8 9 8 ...
1 8 9 7 ...
1 8 9 6 ...
1 8 9 5 ...
1 8 9 4 ...
____8.25
____10.75
____6.62
____5.44
____6.75
____8.56
____ 8.44
____7.00
1893.C ____
1 8 9 2 ______
1891______
1890______
1889 ______
1 8 8 3 ______
1887______
1886______
. 8.31
. 8.59
.1 0 .3 8
.11.12
.1 0 .5 0
. 9.69
. 9.38
1 8 8 5 .C___
1884_____
1883_____
1882_____
1 8 8 1 ____
1880_____
1879_____
1 8 7 8 _____
.1 0 .0 8
.1 0 .3 8
. 10.50
-1 1 .9 4
.1 1 .7 5
.1 1 .1 2
.1 1 .1 2
MARKET AND SALES AT NEW YORK.
S p o t M a rket
C lo s e d .
F u tu r e s
M a rket
C lo s e d .
S a le s o f S p o t a n d C o n tr a c t.
S p o t.
S a t u r d a y ..
M o n d a y ___
T u esd a y . .
W ed n esd a y
T h u rsd a y .
F r id a y ____
Q u iet,
Q u iet,
Q u iet,
Q u iet,
Q u iet,
Q u iet,
15 p ts. adv
15 p ts. ad v
10 p ts. ad v
5 p ts. a d v
40" p ts. ad v
20 p ts. ad v
T o t a l.. .
.. S t e a d y _____
. . B arely stea d y
. B arely stea d y
..V e r y s te a d y .
. . S t r o n g _____
. . E a s y _______
Cons i i r n ’n .
Con
tr a c t.
600
325
520
845
—
T o ta l.
600
325
200
720
800
1,64 5
M
M
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'.So a to '-So -S o J-W b^o'cSo g-So SKo i s o SSo
o
THE VISIBLE SUPPLY OF COTTON to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s returns, and conse
quently all foreign figures arc brought down to Thursday
evening. But to make the total the complete figures for
to-night (P’riday), we add the item of exports from the United
States, including in it the exports of Friday only.
S e p t e m b e r 24—
S tock cat L iv erp o o l_________b ales. .
_
S to ck .at L o n d o n __________
S to ck a t M a n ch ester______
_
1909.
6 7 6 ,0 0 0
8 ,000
45,000
1908.
2 9 3 ,0 0 0
11,000
2 7 ,0 0 0
1907.
6 0 6 ,0 0 0
2 8 ,0 0 0
4 6 ,0 0 0
1906.
2 5 7 ,0 0 0
15,000
2 6 ,0 0 0
T o ta l Great B ritain s to c k _____.
S to ck a t H a m b u rg________
.
S to ck a t B r e m e n ________________.
S to ck a t H a v r e__________________.
S to ck a t M arseilles_______________
.
S to ck a t B a r c e lo n a _____________ .
S tock a t G enoa____________
.
S tock a t T r ie s t e ........ .............
.
729,0 0 0
12,000
6 3 |0 0 0
63,000
123,000
3,000
14,000
10,000
4 ,0 0 0
33 1,000
2 5 ,000
104,000
6 3 ,0 0 0
4 ,0 0 0
15,000
8 ,0 0 0
3 8 ,0 0 0
680,0 0 0
2 0 ,0 0 0
7 3 ,0 0 0
9 9,000
4 ,0 0 0
14,000
2 2 ,0 0 0
3 7 ,0 0 0
2 9 8 ,0 0 0
2 2 ,0 0 0
6 1 ,0 0 0
4 4 ,0 0 0
4 ,0 0 0
5 ,0 0 0
16,000
6 ,0 0 0
T o ta l C o ntinental s to c k s .............
.
229,000
2 5 7 ,0 0 0
2 6 9 ,0 0 0
158,000
T ota l E uropean s to c k s _________ 958,000
.
Ind ia co tto n a float for E u ro p e_ .
_
4 1 ,000
e
A m erican co tto n afloat for E urope 323,170
.
E g y p t,B ra zil,& c.,a flt.fo r E u ro p e.
17,000
.
4 3,000
S tock In A lexan d ria, E g y p t............
S to ck In B o m b a y , I n d ia ------------- . 135,000
S tock In U . S. p o r t s ____________ . 4 6 9,803
S tock In U . S . Interior to w n s ------ 185,626
17,421
U . S . ex p o rts to -d a y ____________ .
588,0 0 0
5 8 ,000
2 4 9 ,3 1 0
17,000
5 4,000
3 2 5 ,0 0 0
457,7 8 6
2 1 5 ,2 2 9
3 3,264
9 4 9,000
8 0 ,0 0 0
188,277
18,000
3 1 ,0 0 0
4 3 5 ,0 0 0
4 5 1 ,3 0 9
140,440
2 5,288
4 5 6 ,0 0 0
5 4,000
245,031
2 1 ,0 0 0
3 2 ,0 0 0
5 0 9 ,0 0 0
4 3 6 ,9 3 5
173,861
4 2 ,9 1 9
.2 ,1 9 0 ,0 2 0 1,99 7 ,5 8 9 2 ,3 1 8 ,3 5 4 1,970,746
an and oth er d escrip tio n s are as follow s:
A m e r ic a n —
Liverpool stock__________ bales .
Manchester stock_____________ .
Continental stock_____________ .
American afloat for Europe____ .
U. S. port stocks_____________ .
U. S. interior stock s__________ .
U. S. exports to-day__________ .
581,000
3 5 ,0 0 0
197,000
3 2 3 ,1 7 0
323,170
469,8 0 3
469,803
185,626
17,421
17,421
NEW YORK QUOTATIONS FOR 32 YEARS.
Total American____________ .1 ,8 1 2 ,0 2 0
1,812,020
The quotations on middling upland at New York on
E a s t I n d i a n , B r a z i l , & c .—
Sept. 24 for each of the past 32 years have been as follows:
9 2 ,000
Liverpool stock________________
92,000
1 9 0 9 .c.
1 9 0 8 ..
1 9 0 7 ..
1 9 0 0 ..
1 9 0 5 ..
M
M
.
8 ,0 0 0
London stock___________
"
10,000
Manchester stock________
3 2 .0 0 0
Continental sto c k ...............
.
4 1 ,0 0 0
India afloat for Europe___
Egypt, Brazil, &c., afloat______ .
17,000
4 3 ,0 0 0
Stock In Alexandria, Egypt____ . 43,000
Stock In Bombay, India............. . 130,000
192,000
19,000
174,000
2 4 9 ,3 1 0
4 5 7 ,7 8 6
215,233
33,264
5 0 1,000
3 8,000
106,000
188,277
4 5 1,309
140,440
2 5 ,2 2 8
177,000
2 3 ,0 0 0
9 9 ,000
245,031
4 3 6 ,9 3 5
173,861
4 2 ,9 1 9
1,340,589 1,51 0 ,2 5 4 1 ,1 9 7 ,7 4 6
101,000
l 1.000
8 ,0 0 0
8 3 ,0 0 0
58,000
17,000
54,000
3 2 5 ,0 0 0
105,000
2 8 ,0 0 0
8 ,0 0 0
103,000
8 0 ,0 0 0
18,000
3 1 ,0 0 0
4 3 5 ,0 0 0
8 0 ,0 0 0
15,000
3 ,0 0 0
5 9 ,0 0 0
5 4 ,0 0 0
2 1 ,0 0 0
3 2 ,0 0 0
5 0 9 ,0 0 0
3 7 8,000
7 7 3 ,0 0 0
8 0 8 ,0 0 0
Total East India, &c................. . 378,000 657,0 0 0
.1 ,8 1 2 ,0 2 0 1,340,589 1 ,5 1 0 ,2 5 4 1 ,1 9 7 ,7 4 6
Total American-------------‘
2 ,1 9 0 .0 2 0 1,997,589 2 ,3 1 8 ,2 5 4 1 ,9 7 0 ,7 4 6
Total visible supply______
6.60(1.
5 .3 3 d .
5.66(1.
Middling Upland, Liverpool. _ . 7.31(1.
1 1.75c.
13.75c.
9 .4 0 c.
Middling Upland, New York.
9 .7 0 c.
10
Egypt, Good Brown, Liverpool..10 5-16d.
10*$(1.
8 h id .
10 H d .
8.40(1.
12.00(1.
Peruvian. Rough Good, Liverpool1 8.50(1.
"
’
8.40(1.
6 id . 4 15-16(1.
6 1-16(1.
Broach, Fine, Liverpool_______
5 H d.
5 >Ad.
TInncvelly, Good, Liverpool___ 6 5-16(1. 4 ll- 1 6 d .
5 l-1 6 d .
C o n tin e n ta l im p o r ts for th e p a s t w e e k h a v e b e e n 4 9 ,0 0 0
b a les.
T h e a b o v e figures for 1909 sh o w a n in crea se o v e r la s t w eek
of 1 8 3 ,0 9 0 b a le s, a g a in 1 9 2 ,4 3 1 b a le s o v e r 1 9 0 8 , a d e
crease of 1 2 8 ,2 3 4 b a le s from 1 9 0 7 , a n d a g a in o f 2 1 9 ,2 7 4
b a le s o v e r 1 9 0 6 .
AT THE INTERIOR TOWNS the movement—that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items tor
the corresponding period for the previous year is set out
in detail below.
_______
o
a
o
g
i
: : m
p
02.
P
£
*■
:
s
w
C lo s in g Q u o ta tio n s f o r M id d l i n g C o tto n onW e e k e n d i n g —■
S e p te m b e r 24.
S a t ’d a y . M o n d a y . T u e s d a y . W e d ’d a y . T h u r s d ’y . F r i d a y .
G a lv e s t o n _____
N ew O rlea n s___
M o b ile _________
S a v a n n a h _____
C h a r lesto n _____
W ilm in g to n ____
N o r f o lk _______
______
B o sto n
B a lt im o r e _____
P h ila d elp h ia . - A u g u s t a ..._____
M e m p h is ____ S t. L o u is______
H o u sto n
..
L ittle R o c k ____
12%
12 9-16
12%
12 7-16
12 5-16
12%
12%
12.70
12%
13.10
12 9-16
12 %
12%
12%
12%
12%
12%
12 11-16
12%
12%
12%
12%
12%
____
12%
12%
12 9-16
12 9-16
12 7-16
12 9-16
12%
12 7-16
12%
12 9-16
12 54
13.10
12.85
13.00
13
12%
12%
13.40
13.35
13 .2 5
12 11-16 12 13-16 12 13-16
12%
12%
12%
12%
12%
12%
12%
12%
12%
12 11-16
12%
12%
13 1-16
12 15-16
12 11-16
12 13-16
12% @ %
12%
12%
13.15
13%
13.80
13%
13%
12%
1.1 1-16
12%
13 3-16
13%
12 15-16
13
12 15-16
12 15-16
12%
13.55
13 %
14.00
13 3-16
13%
13%
13 %
12 13-16
O P T IO N
M A R K E T . — T h e h ig h e s t,
NEW
ORLEANS
lo w e s t a n d c lo s in g q u o t a t io n s fo r le a d in g o p t io n s in t h e N e w
O r le a n s c o t t o n m a r k e t fo r t h e p a s t w e e k h a v e b e e n a s f o llo w s :
:p
B
S a t ’d a y , M o n d a y , T u e s d a y , W e d ’d a y , T h u r s d ’v , F r i d a y ,
S e p t . 18. S e p t . 20. S e p t . 21. S e p t . 22. S e p t . 2 3 . S e p t . 2 4 .
S e p te m b e r —
<3
.56 — @ — — @ — — @ — — @ — — @ —
R a n g e ---------- —
*
* 13.02
* 13.12
• 12.76
C l o s i n g . ------ 12.5 0----- 12.6 7 -.6 8 12.67
a
O c to b e r —
© © - 4 COHi © © t o © J 4 «0 w
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R a n g e ______ 1 2 .4 5 -.5 6 1 2 .5 5 -.6 8 1 2 .6 8 -.7 7 1 2 .6 7 -.7 8 1 2 .7 7 -.0 7 1 2 .9 7 -.2 6
C losin g______ 1 2.4 9 -.5 0 12.6 7 -.6 8 1 2 .6 6 -.6 7 1 2 .7 6 -.7 7 1 3.03-.04 13.1 2 -. 13
h
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R a n g e - ____ — @ — — @ — — @ — — @ — — @ — — (3> —
C lo sin g---------- 1 2 .5 8 -.5 9 1 2 .7 8 -.7 9 12.7 9 -.8 1 1 2 .8 7 -.8 9 1 3 .1 8 -.1 9 13.2 1 -.2 3
©
D ecem ber—
R a n g e ______ 12.5 5 -.6 8 12.6 7 -.8 4 12.8 1 -.9 2 12.84-.9C 1 2 .9 4 -.2 5 1 3 .1 4 -.4 0
C losin g---------- 1 2.6 1 -.6 2 1 2.81-.82 1 2.82-.83 12.9 1 -.9 2 13.2 1 -.2 2 1 3 .2 4 -.2 5
O n V i m ’ t\5 © 0 0 ^ . © © C iV l h 4 O o 'U a i t\J M © ^ W £ © © ©
n
W C O M W M M M ^ O O M O M t -k O 'J C O O C .iO N ^ O O a O W M
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R a n g e ---------C losin g---------M a rch —
R a n g e ______
C losin g______
M ay—
R a n g e ______
C losin g______
J u ly —
R a n g e _____
C losin g______
Tone—
S p o t - ...............
O p t io n s _____
K ll
C 0 3 1 k 3 ©,*0 © © © -*C \3 ©©^ t\5©©r ©©©©
l0 O^ b tV^ 0 t\9M £*© ► l£
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R a n g e ______ 12.5 2 -.7 9 12.7 4 -.9 2 1 2 .8 9 -.0 0 12.9 1 -.0 4 1 3.00-.34 1 3 .2 2 -.5 0
C losing______ 12-65-.66 1 2 .8 8 -.8 9 1 2 .8 9 -.9 0 1 2 .9 8 -.9 9 1 3 .2 9 -.3 0 1 3 .3 4 -.3 5
III
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Cl t o CO 00 © 0 3 HA CO to V l t o C l V i CO^ © V j © V | M -vl bo 00 © CO © © bo 00 ha bo 03 CO
^ •J r t H A C > H ^ -0 ^ © C » ^ « O ^ I © © © M O O * * .© © b O © 0 3 » t > .'s l© © 0 0 0 3 © © ^
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The above totals show that the Interior stocks have i n
during the week 47,656 bales and are to-night 29,603
bales le s s than at the same time last year. The receipts
at all the towns have been 4,469 bales m o r e than the sair.e
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.— We give below a statement showing the
overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for the
week and since Sept. 1 in the last two years are as follows:
crea sed
S e p te m b e r
S h ip p e d —
Via
V ia
V ia
V ia
V ia
V ia
V ia
-1009---------
24—
W e e k ..
S in c e
S e p 1.
S e p t . t . 1.
--------- 1908—
W e e k ..
W eek
.1,569
.1,569
1,338
137
784
240
1,360
2,0 4 5
S t. L o u is _______________
1,290
C a ir o ________________________
171
R J Ik I sla n d ----------- -------------- -----L o u is v ille -----------------------------402
C in cin n ati-----------------------------51
V irginia p o in ts -------------------- 462
oth er ro u tes, & c...................... - - 1,004
2,0 1 3
2 ,0 1
.1
S in c e
S e p t . 1.
7 ,5 2 6
2,8 0 7
463
2,1 8 0
7.19
185
1,086
218
189
1,076
030
980
3 ,3 2 6
10,082
5,506
17,827
343
327
866
1,181
608
2,417
103
67
668
1,355
158
3,0 6 6
. . 1,536
T o ta l to be d e d u c te d --------------- 1,536
4,204
838
4 ,5 7 9
1,844
1.844
5.878
4,668
13,248
D e d u c t s h ip m e n ts —
...
..
L ea vin g to ta l n e t overlan d * -----------
* In clu d in g m o v em en t b y rail to C anada.
The foregoing shows the week’s net overland movement
has been 1,844 bales, against 4,668 bales for the week last
year, and that for the season to date the aggregate net over
land exhibits a decrease from a year ago of 7,370 bales.
-1908-
-1909W eek.
S in c e
S e p t . 1.
W eek.
S in c e
S e p t . 1.
R ccelp ts a t ports to S ep t. 2 4 ______ 278,584
N et overlan d to S e p t. 2 4 ----------1,814
S outh ern con su m p tion to S e p t. 2 4 . . 52,000
7 1 5,615
5,878
182,000
2 8 6,480
4,6 6 8
4 2 ,0 0 0
68 1 ,6 3 7
13,248
1 40,000
T otal m a rk eted -----------In terior sto ck s In e x c e s s ...................
003,493
102,463
3 3 3,148
52,8 0 0
8 3 4 ,8 8 5
100,034
Cam e Into sig h t durin g w e e k _____380,084
_
T o ta l in sigh t S e p t. 2 4 ----------------------------- 1,0 0 5 ,9 5 6
1 ,0
3 8 5,048
I n S ig h t a n d S p in n e r s ’
T a k in g s .
332,428
47,656
N o r th . sp in n ers’ ta k in g s to S e p t. 24 _ 10,192
61,218
20,6 1 0
03 4 ,9 1 9
82,771
Movement into sight in previous years:
IVeefc—
1907— S ep t.
1906— S ep t.
1005— S ep t.
1004— S ep t.
B a le s.
2 7 _____________ 298,657
2 8 - . - ............ --.3 5 9 ,4 7 6
2 9 _____________ 382,68.1
3 0 _____________ 553,080
1—
B a le s.
2 7 ____________ 7 68,892
2 8 ____________ 9 5 6 ,7 0 5
2 9 _____________ 1 ,2 4 6 ,9 )0
3 0 _____________ 1 ,373,847
S in c e S e p t.
1007— S ep t.
1906— S ep t.
1905— S ep t.
1004— S ep t.
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.— Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
12.7 8 -.8 9 12.9 0 -.0 6 1 3 .0 6 -.1 6 1 3 .1 0 -.2 0 1 3 .1 7 -.5 0 1 3 .4 0 -.6 7
12.8 3 -.8 4 1 3 .0 5 -.0 6 1 3 .0 5 -.0 6 1 3 .1 6 -. 17 13.46 — 1 3 .5 1 -.5 2
12.8 1 -.9 4 — @ — 13.14 — 1 3 .1 7 -.2 6 1 3.27-.54 1 3 .5 0 -.7 5
12.5 9 -.9 0 1 3 .1 0 - .il 13.11 - . 13 1 3.22-.23 13.52-.53 1 3 .5 6 -.5 7
— <® —
1 2.9 6 -.9 8 1 3 .1 8 -.1 9 1 3 .1 8 -.2 0 13.29-.31 1 3 .5 5 -.5 6 1 3 .6 8 -.7 0
F irm .
S te a d y .
F irm .
F irm .
F irm .
S te a d y . V ery s t ’y
S te a d y . S te a d y . S te a d y .
F irm .
S te a d y .
* N o m in a l.
s3&>
|§ S
8-S'?
© Cl H
-A
©»tAHAClM
H-»©bOI © to ^
© C O © © © © ' ■ 4 C O O 3 © H * © M lS J 0 0 © C 3 C l^ l« a i- ‘ H‘ M O 0 b 0 © © M l
Q Q3 © Cl © O * ■ v I C l0 0 0 0 3 0 3 0 3 0 C l Q © > ^ © ^ b O O O © 0 3 © © b J H A |
.29 — @ —
— @ — — @ — — @ — — @ — —
1 2 .6 8 -.7 0 1 2 .9 1 -.9 2 1 2 .9 2 .9 4 1 3 .0 1 -.0 3 1 3 .3 2 -.3 3 1 3 .3 7 -.3 9
WEATHER REPORTS BY TELEGRAPH.—Telegraphic
reports to us this evening from the South denote that rain
has been quite general during the week, with the precipita
tion rather excessive at some points. As a result of unfavor
able weather, picking has been interfered with in a number
of districts, and the tropical storm early in the week is
claimed to have done damage to cotton in some sections
along the Gulf and in the lower Mississippi valley. Market
ing continues liberal.
G a lv e s to n , T e x a s . —No advices have been received this
evening from Texas.
M o b ile , A l a b a m a . — Rains have interrupted cotton picking
in some sections of the interior. We have had rain on four
days of the past week, the rainfall being two inches and sixtynine hundredths. The thermometer has ranged from 70 to 91,
averaging 81.
M o n tg o m e r y , A l a b a m a . —It has rained on three days of
the week, the rainfall being sixty-six hundredths of an inch.
Average thermometer 79, highest 90, lowest 70.
S h r e v e p o r t, L o u i s i a n a . —There has been rain on three days
of the week, the precipitation reaching one inch and ten
hundredths. The thermometer has averaged 82, the highest
being 98 and the lowest 66.
V ic k s b u r g , M i s s i s s i p p i . —There has been rain on three
days of the week, the rainfall being three inches and seventytwo hundredths. The thermometer has averaged 76,
ranging from 53 to 91.
H e le n a , A r k a n s a s . —The storm damaged crops a little.
It has rained on two days during the week, the rainfall being
two inches and eighty-seven hundredths. The thermometer
has ranged from 51 to 89, averaging 72.5.
M e m p h i s , T e n n e s s e e . — Picking has made^ good progress
except on one day. Marketing liberal. There has been
heavy rain on one day of the week, the precipitation reach
ing two inches and thirty-seven hundredths. The ther
mometer has averaged 73.4, the highest being 91 and the
lowest 59.3.
S e l m a , A l a b a m a . —There has been rain on four days
during the week, the rainfall reaching two inches and eightyfive hundredths. The thermometer has averaged 78, the
highest being 90 and the lowest 63.
S a v a n n a h , G e o r g ia .— Rain has fallen on five days the past
week, the rainfall reaching two inches and forty-five hun
dredths. Thermometer has averaged 76, ranging from
65 to 84.
A u g u s ta , G e o r g ia . —There has been rain on three days
during the week, to the extent of sixty-three hundredths of
an inch. The thermometer has ranged from 62 to 87,
averaging 76.
C h a r lo tte , N o r th C a r o l i n a . — It has rained during the week,
the precipitation being one inch and forty hundredths.
Average thermometer 71, highest 84, lowest 56.
C h a r le s to n , S o u th C a r o l i n a . —There has been rain on five
days during the week, the precipitation reaching one inch
and fifty-eight hundredths. The thermometer has aver
aged 74, ranging from 64 to 83.
WORLD’S SUPPLY AND TAKINGS OF COTTON.
C otton T ak in g s.
W eek an d Season.
1909.
W eek.
1908.
Season.
V isib le su p p ly S ep t. 1 7 .
.
2 ,0 0 0 ,9 3 0
V isib le su p p ly S ep t. 1 _.
A m erican in sigh t to S ep t. 24
380,084
B o m b a y receip ts to S ep t. 23 . .
4.000
O ther Ind ia s h lp ’ts to S ep t. 23
6.000
A lexan d ria receip ts to S ep t. 2 2 .
7.000
O th er su p p ly to S ep t. 22 *
3.000
| Season.
W eek.
1 ,7 9 3 ,0 0 9
1 ,9 31,022
1,00 5 ,9 5 0
7.000
24 .0 0 0
11.000
8 .0 0 0
385,948
0,000
10,000
4.000
2.000
1,714 ,9 8 2
9 3 4,919
15.000
3 1 .0 0 0
7.000
8 .0 0 0
2,40 7 ,0 1 4
2 ,9 8 0 ,9 7 8 2 ,2 0 0 ,9 5 7
2,7 1 0 ,9 0 1
V isib le su p p ly S ep t. 2 4 _________ 2 ,1 9 0 ,0 2 0
2 ,1 9 0 ,0 2 0 1,997,589
1,997 ,5 8 9
T o ta l s u p p ly ___________
D e d u c t—
T o ta l tak in gs to S ep t. 2 4 ______
Of w hich A m erican _________
Of w hich oth ers . . _____ . .
21 0.994
182.994
34,000
790.958
047.958
149,000
203.368
178.368
25,000
713.312
571.312
142,000
PRODUCTION OF COTTON IN 1908-09 APPOR
TIONED TO STATES.—The subjoined statement of the
yield of cotton in each producing State in 1908-09 is based
upon investigations made by us since the close of the season.
The commercial crop reached a total of 2,247,000 bales more
than in 1907-08 and was 278,000 bales greater than the yield
for 1906-07. It will be observed that, with the exception of
Louisiana and Oklahoma, the various States exhibit gains
over 1907-08, the increase in Texas being noticeably great.
Compared with 1905-06, a gain even a little larger than over
1907-08 is recorded; but contrasted with 1904-05 the excess
reaches only about 34 of a million bales. The average yield
of lint per acre was nearly 203 lbs. the past season, or 33 lbs.
greater than in 1907-08. The production by States for the
last five seasons has been as follows:
P R O D U C T IO N B Y S T A T E S .
* E m b races receip ts In E urope from B razil, S m yrn a, W est In d ies, &c.
1908-09.
S e p te m b e r
23.
1909.
R e c e ip ts a t —
S in c e
S e p t. 1.
W eek.
Bom bay_________________
1908.
6,000
15,000
6,000
Total all—
1909____
1908____
1907____
2,000
5.000
G rea t
B r ita in .
7.000
2.000 7.000
0,000 11,000
____________
1,000
1.000
........................
1,000
1,000
....
____________
5.000
____________
5.000
C o n tin e n l.
13,000
20,000
43,000
1,000
l'ooo
4.000
8.000 1,000 9,000,
1,000 1,000 2.0001
2,000 0,000
14,000
G
.000
ALEXANDRIA
2,000
a’doo
A le x a n d r ia , E g i/p t,
S e p te m b e r 2 2 .
T o t a l.
0,000
6,000
21,000
20,000
20,000
01,000
3,000
4,000
5,000
1,000
4,000
2,000
3,000
2,000
2,000
17,000
25,000
17,000
33,000
40,000
02,000
7,000
8,000
23,000
44,000
57,000
89,000
AND
1909.
(cantars) —
T h is w e e k _______ . _
S in ce S e p t. 1_________
1.
15,000
23,000
12,000
5.000 13,000
3.000 17,000;
7.000 13,000;
RECEIPTS
1.
31,000
2,000
4,000
4,000
3,000
2,000
3,000
3.000
S e p t.
9,000
Japan
& C h in a .
1,000
........................
1,000
.1,000
W eek.
15,000
S i n c e S e p te m b e r
G r e a t C o n ti- J a p a n
B r i ta i n , p e n t. J k C h ln a T o ta l.
Bombay—
1909___
1908
1907
Calcutta—
1909
1908
1907., adrasM
1909
1908.........
1 9 0 7 .. .
All others
1 9 0 9 ..
1908.........
1907____
I S in c e
| S e p t. 1 .
W eek.
F o r th e W e e k .
E x p o r ts
fr o m —
1907.
*50,000
82,134
SHIPMENTS.
1908.
1907.
R e c e ip ts
E x p o r ts
To
To
To
To
T h is 1 S in c e
W e e k . S e p t . 1.
(bales) —
L iv e r p o o l_______
2,000
M an ch ester ............... ..
C o n t i n e n t ___________ *5,000
A m erica_____________
T o tal e x p o r ts ________
7,000
N o t e .—
A can tar is 99 lb s.
> E s t im a te d .
35 ,0 0 0
53,312
95 ,0 0 0
174,166
T h is
S in c e
W e e k . S e p t . 1.
T h is
S in c e
W e e k . S e p t . 1.
1,750
1.500
4 .5 0 0
300
5,500
1,500
10,407
1,200
2.5 0 0
200
19,0 3 5 1 8 ,0 5 0
18,607
7,200
4,7 5 0
1,500
12,385
750
4 .5 0 0
8 ,0 0 0
3 ,2 5 0
7 ,455
COO
19,305
E g y p tia n b ales w eigh a b o u t 750 lb s
N o rth C a r o lin a ..
S o u th C a r o lin a ..
G e o r g ia _________
F l o r id a _________
A lab am a ______
M is s is s ip p i_____
L o u is ia n a ______
T e x a s ___________
A rk a n sa s_______
T e n n e s s e e ______
O k la h o m a______
M is s o u r i_______
V ir g i n i a ...............
1907-08.
1 900-07.
1905-00.
B a le s.
INDIA COTTON MOVEMENT FROM ALL PORTS.
B a le s.
B a le s.
B a le s.
7 2 5 ,0 0 0
1 ,2 9 0 ,0 0 0
2 ,0 4 5 ,0 0 0
7 5 ,0 0 0
1 ,4 0 5 ,0 0 0
1,735 ,0 0 0
5 0 8 ,0 0 0
3 ,8 8 8 ,0 0 0
1,020,000
3 5 0 ,0 0 0
7 0 8 ,0 0 0
6 0 ,000
14,000
075,0 0 0
1 ,2 0 5 ,0 0 0
1 ,9 2 0 ,0 0 0
0 2 ,000
1,20 2 ,0 0 0
1 ,4 9 5 ,0 0 0
7 0 0,000
2 ,3 0 9 ,0 0 0
775,0 0 0
2 9 0 ,0 0 0
8 9 8 ,0 0 0
4 1 ,0 0 0
10,000
6 4 4,000
9 4 1,000
1 ,7 2 8 ,0 0 0
0 0 ,000
1 ,3 3 2 ,0 0 0
1,54 8 ,0 0 0
9 8 0,000
4 ,0 7 3 ,0 0 0
915,0 0 0
3 1 7 ,0 0 0
9 3 4 ,0 0 0
5 8 ,000
15,000
711,000
1.140,000
1,900,000
82,000
1,374 ,0 0 0
1,275,000
595,000
2 ,5 2 5 ,0 0 0
6 4 0,000
300,000
7 1 8,000
4 4 ,0 0 0
10,000
1904-05.
B a le s.
7 2 8 .0 0 0
1,100,000
1 .9 5 0 .0 0 0
9 0 .0 0 0
1 .4 7 0 .0 0 0
1 .7 3 0 .0 0 0
1.110.000
3 ,2 3 5 ,0 0 0
9 1 5 .0 0 0
3 2 0 .0 0 0
7 8 0 .0 0 0
4 7 .0 0 0
17.000
T o ta l ............... .. 13,829,000 11,58 2 ,0 0 0 1 3 ,5 5 1 ,0 0 0 1 1,320,000
A verage per acre
203 lbs.
170 lb s.
211 lb s.
101 lb s.
S H I P P I N G N E W S .— A s s h o w n o n a
e x p o r t s o f c o t t o n tr o m th e U n ite d S t a t e s
r e a c h e d 1 5 6 ,2 8 0 b a le s .
T h e s h ip m e n ts
u p f r o m m a il a n d t e le g r a p h ic r e tu r n s , a r e
p r e v io u s p a g e , th e
th e p a st w eek h a v e
in d e t a il , a s m a d e
a s fo llo w s :
„.
T o ta l b a le s
N EW Y O R K — 'Io L iverp ool— S ep t. 17— A rab ic, 3,701 u plan d, 284
S ea Isla n d ______ _____________________________________________
4 045
T o M an ch ester— S ep t. 1 8 — T eren ce, 9 5 8 _____________ ___ _____
’9 5 8
To H u ll— S ep t. 18— Id a h o , 50(> ________________________ _ __
500
T o G lasgow — S ep t. 17— C aicd on la, 0 3
_____ _____________H I
63
T o H a v re— S ep t. 18— La G ascogn e, 1,245; L o u lsla n c, 2,250
3 ,4 9 5
T o B r e m e n —S e p t. 22— Prinz Friedrich W ilh elm , 1 ,770 u plan d,
2 0 S ea Isla n d ________________________________________________
1 ,790
T o H am burg— S ep t. 22— P r esid en t L in coln, COO_
_ ________
coo
To A n tw er p — S ep t. 17— V ad erlan d , 8 0 0 _____________________ _
«oo
T o R o tterd a m — S ep t. 18— E sto n ia , 3 0 0 _______________________
300
T o B a rcelon a— S ep t.
20— A u ch en cra g , 175__________________
17 5
To G enoa— S ep t. 2 2 — P rin cip e dl P iem o n te, 0 0 0 _ S ep t. 23—
_
C rctlc, 7 5 0 --------------------------------------------------------------1,350
G A L V E ST O N — T o L iverp ool— S ep t. 21— B elgian , 7 ,1 0 3 _ S ep t.
_
22—
A m a zo n cu se, 3 ,0 8 7 ____________
1 0 850
To H a v r e— S ep t. 18— M agician, 1 2 ,5 1 7 .. .M in e o la , 13,957 . 20,474
T o B rem en — S ep t. 20— P c n a r th , 4 ,9 5 3 ........
. .
_
4 ,9 5 3
T o R ev a l....S ep t. 2 0 — Malin H ead, 1 ,4 3 0 _____ ________________
1,430
To N arva— S ep t. 20— M alin H ead. 1,100 . . .
_____________ _ 1 , 1 0 0
To s t . P etersbu rg— S e p t. 20—-Malin H e a d , 9 5 0 ______________
950
T o C hristiania— S ep t. 18—-T exas, 5 0 0 . . . .
_
_
500
To G oth en b u rg— S ep t. 18— T ex a s, 0 0 0 ______ ______
.
OO
O
N E W O R L E A N S — To L iverpool -S ep t. 22— M exican , 2,450
2 ,4 5 0
T o H a v r e— S ep t. 24— B o rd ea u x , 7 ,0 0 0 _____________ _
7 000
To A n tw erp — S ep t. 17—-R cd h lll, 7 5 0 _____ _______ I
’—
750
S A V A N N A H — T o L iv erp o o l— S ep t. 18— P o w h a ta n , 4 ,8 4 9 _ S ep t.
_
23—
A u th o r, 8 ,9 1 3 _
_ _______ ___ _____ ____
. . . 13 79
T o H avre— S ep t. 18— A str a e, 7 ,1 8 4 ___ _____________ _____ .
,184
To B rem en— S ep t. 20— G resham , 7 ,1 0 0 ___S ep t. 23— Brika
4 ,0 9 8 _______________________________________________________ 11,703
To H am b u rg— S ep t. 21— Clan M cA lister, 2 0 0 _____________
200
To N y k o p ln g — S ep t. 23— B rik a , 3 0 0 ___ ______________________
300
B R U N S W IC K — T o L iverp ool— S ep t. 18— L u ch an a, 5,980
5,980
To B rem en— S ep t. 18— S a n to n a , 9 ,3 9 9 ______ ___________
9,399
C H A R L E S T O N — To B rem en— S ep t. 18— P o la , 8 ,3 0 0 . ___
s '3 5 0
To B arcelona— S ep t. 21— H o m ew o o d , 2 , 3 0 0 . . . _____
...
2,300
W IL M IN G T O N — To L iverpool— S ep t. 21— G retev a le, 11,713
11,713
B O S T O N — T o L iverp ool— S ep t. 21— Iv ern la , 5,337 . S en t. 2 2 —
___________________________ 7,247
C ym ric, 1 ,9 1 0 ______ ___ _____ _
B A L T IM O R E — T o L iverp ool— S ep t. 17— Q uernm ore, 1,229 _
1 ,2 2 9
T o H avre— S ep t. 21— P la n et N ep tu n e, 5 0 2 ___
_
502
T o B rem en — S ep t. 22— R h e in , 1 ,0 8 2 _____ ____________________
i,o a 2
To A n tw er p — S e p t. 21— P la n e t N ep tu n e, 1 0 0 ____________ ...
10 0
P H IL A D E L P H I A — T o L iverp ool— S ep t. 17— M erlon, 3 4 3 . . ............
343
T o M anchester— S ep t. 17— M an ch ester C orporation, 9 0 0 .. . .
900
T o G enoa— S ep t. 2 1 — T a o rm in a , 1 , 9 0 0 ________________________
1 ,9 0 0
S E A T T L E — To J ap an — S ep t. 18— M inn esota, 2 2 2 ______ _____
222
HAND BOOK FOR DAILY CABLE RECORDS OF
AMERICAN, EAST INDIAN, EGYPTIAN AND BRA
ZILIAN COT ION STATISTICS, &c.—The thirty-ninth
annual issue of the “ Hand Book for Daily Cable Records,”
issued by Comtelburo, Limited, of London, Liverpool and
New York, has reached us this week. The publication, as
heretofore, is very comprehensive in character, and is there
T o ta l ---------------------------------------------------------------------------------------------150,280
fore a very valuable book of reference. No effort is spared
The exports to Japan since Sept. 1 have been 1,173 bales
to meet or anticipate' the requirements of the trade by add from Pacific ports.
ing new features from time to time, and in this respect the
Cotton freights at New York the past week have been as
present issue follows in line with those that have preceded it. follows, quotations being in cents per 100 lbs.:
The book contains, of course, the usual very full statistics
M on.
T u ts .
Wed.
S a l.
T h a rs.
Fri.
of the American, East Indian, Egyptian, Russian and Bra
14
12
r p o o l--------------14
14
14
14
zilian crops, the pages being so arranged that the daily and L iv ech ester— O ct .
11
M an
11
11
11
11
11
18
18
18
18
weekly figures for this year as received can be inserted H a v r e — O c t_______
18
18
20
20
B r e m e n ____________
20
20
20
20
side by side with those for the previous year. It will be H a m b u r g ________ _ 25
25
25
25
25
20
20
found on sale at the office of Comtelburo, Limited, 10 A n tw e r p - - - ................
20
20
20
20
26
20
G h en t, v ia A n tw erp
20
20
20
Beaver Street, New York.
25
25
25
R e v a l _____________
25
25
25
34
34
34
G o th e n b u r g ______ _
34
34
34
30
30
MANCHESTER MARKET.—Our report received by B arcelona.d 1reot, Oc t 30
30
30
30
18
18
18
G enoa
18
20
20
cable to-night from Manchester states that the market is T r i e s t e ____________
30
30
30
_____ _______
30
30
30
45
quiet for both yarns and shirtings.
Merchants are not J ap an ...................... ..
45
45
45
45
45
willing to pay present prices. We give the prices for to-day
LI VIERPOOL.— By cable from Liverpool
below and leave those for previous weeks of this and last year lowing statement of the week’s Sales, stocks, we have the fol&c., at that port:
for comparison.
1909.
8 ' 4 lb s. S h iU In g s, c o m m o n
to f in e s t.
COP
T w is t.
d.
Aug.
13 9
©
20 9H
©
27 9 3-10 ©
3
10
17
24
9 5 10 @
9 7-10 ©
9>*
©
•
f
a
©
1908.
d. 3. d.
9%
9H
9%
s.
4 10 © 9
4 10X© 9
-1 11 @9
10 5
10H 5
10 H 5
10 A 5
0
1
$)9
©9
IX ©9
2 ©9
C o t’ll
M id .
U p l ’s
S X lb s. S h i r t in g s , c o m m o n
to / In c s t.
325 C o p
T ic 1st.
d.
d.
o
3
4
6.72 8H
0.07 8
6.73 7 U
5
0
6
7X
O.SS
0 83
6.93
7.31
d. a. d.
d.
©
©
7H
©
7 15-10(5)
8
©
8X
©
ox
9
s x
4 10X © S 0
4 10 @7 10H
4 9 @ 7 10
1
9
■
1
9 4
9H 5
s x
s. d.
9 @7 1 0 X
10 © 8 0
10X & S I X
1 (18 I K
.1l t d .
U p l ’s
d.
5.92
5.59
5.25
5.47
5.54
5.33
S e p t . 3.
7 3 ,0 0 0
S ales of th e w e e k — ------------Of w hich sp ecu la to rs t o o k . .
1,000
Of w hich ex p o rters t o o k . . .
t ,000
S ales, A m erica n _______________ 0 3 ,000
A ctu al e x p o r t-------------------------2 ,0 0 0
Forw arded — ------------------------ 5 4 ,000
T otal sto ck — E stim a ted . ------ 8 3 0 ,0 0 0
Of w hich A m erican — E s t - ..7 4 3 ,0 0 0
T otal im p orts of th e w e e k . . . . 15,000
Of w hich A m erica n ---------- . 10,000
A m oun t a llo a t---------------------3 1 ,0 0 0
Of w hich A m erica n -------------- 5,000
10.
8 3 .0 0 0
S e p t.
1,000
2,000
0,000
0 6 .0 0 0
0 9 .0 0 0
7 8 1 .0 0 0
0 8 0 .0 0 0
19.000
3 4 .0 0 0
13.000
17.
8 0 ,0 0 0
S e p t.
1,000
1,000
6 9.000
7.000
0 3.000
7 2 2 .0 0 0
0 3 0 .0 0 0
11,000
3 .0 0 0
6 0.000
4 0 ,0 0 0
24.
0 6 ,0 0 0
S e p t.
1,000
1,000
4 9 .0 0 0
4 .0 0 0
0 5 .0 0 0
0 7 0 .0 0 0
5 8 4 .0 0 0
2 3 .0 0 0
9 .0 0 0
112.000
9 2 .0 0 0
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
S a tu rd a y .
M onday.
T uesday.
W c d ’d a y .
T hursday.
F r id a y .
Fair
business
J doing.
Good
demand.
Moderate
demand.
Good
demand.
Good
demand.
Quiet.
S p o t.
Market,
12:15
P. M.
)
M ld.Upl’dS
6.98
7.05
7.10
7.12
7.15
7.31
S a le s .........
Spcc.&cxp
14,000
300
10,000
500
12,000
500
12,000
1,000
12,000
500
7,000
700
Quiet at
0 points
advance.
Quiet at Quiet,unch. Steady at
6@7 pts. to 1 point 2@3 pts.
advance.
advance.
advance.
Steady at
12 points
advance.
Market
opened
Quiet, unch
1 to 1 point
J advance.
Market,
4
P. M.
1 Steady at Quiet at B ’rely st’y Quiet at B’rely s t’y Feverish at
12%@13%
1@2 pts. at 7@ 8
5% @8
8@10 pts.
2%@3
pts. adv.
pts. adv.
pts. adv.
pts. adv.
J pts. adv. advance.
F u tu re s.
The prices of futures at Liverpool for each day arc given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
T h e p r ic e s a r e g iv e n i n p e n c e a n il
M on.
S at.
S ep t. 18
12 Va.
to
S ep t. 24. p.m .
D e c .-J a n .
F eh.-M ch .
M cli.-A p r.
M ay-June
J u ly -A u g .
6
6
6
6
6
6
6
6
6
o
6
6
T hus,
T u es.
6 70 m e a n s 0 76-100(1.
W ed .
d.
d.
d.
d.
(I.
76% 84 % 84% 80% 90
77 % 77% 82% 83
69
05% 73% 73% 78 % 80
78 %
76
71
71
63
76
78%
71
71
63
62% 70 % 70% 75 % 78
78
70 %
62% 70
70
70 % 7 5 ‘ • 78
02
75 % 78
70
61 % 70
7 5 Vi 78
01 % 69 % 70
75
77 %
70
69
61
73 % 75%
58
07% 08
d.
d.
d.
d.
d.
00
93
89%
87
87
86%
86
86
86
86
85%
83 %
11
04
00 %
98
98
9i %
97
97
97
97
98%
94 %
13
06
0*1
99 %
>
99
99
98 3a
98 %
98 Yi
98 %
98 / 2
96
d.
95
92% 92
88 %
85
85
82
81 % 84%
80% /!> ’ ■ 82
>
80 % 79 % 82
80
79
81 %
81
80
79
81
79
80
79
81
80
79
8t
80
79 % 78 % 80 %
77% 7 6 % 78 %
BR EAD STU FFS.
D A IL Y C LO SIN G P R IC E S O F W H E A T F U T U R E S IN N EW YO RK .
M an.
T ues.
W e d . T liu r s . F r i .
in
11012 110% 111
N o m . N om .
N o. 2 red f .o .b -------------------112
ill
S ep tem b er d eliv ery In e le v a to r . . . 1 1 0 % 1 1 0 % 111% 114
D ecem ber d eliv ery In elev a to r . . . 106% 106% 108 34 108
107% 106%
H a y d e liv e r y in e le v a to r __________ 108% 108
109% 109% 108% 108%
D A IL Y C LO SIN G P R IC E S O F W H E A T F U T U R E S IN CHICAGO.
S a t.
M o il.
T ues.
W e d . T liu r s . F r t .
S ep tem b er d eliv ery in ele v a to r _101%
102% 105% 105
103% 101%
D ecem ber d elivery in ele v a to r ____ 98 VI 98 % 99% 99%
98% 98%
May d elivery in e le v a to r ....................101% 101% 103% 102% 102% 101%
S a t.
W ed. T h u rs. F n .
T ues.
M on.
S a t.
M on.
78%
78
76 %
70
76
76
71 %
71 %
70%
I N CHICAGO.
W ed. T h u rs. F r i.
T u es.
68
60%
62%
67%
60%
62%
66 %
60 %
62%
64 %
58%
60%
65 %
59 Y
61 %
Oats for future delivery in the Western market have
weakened with corn. The cash market has been very dull at
easier prices. Receipts are liberal and stocks of contract
grade at Chicago are large and increasing. The last state
ment showed a supply of contract oats there of 3,753,000
bushels, or far larger than a year ago. Elevator interests
have sold rather freely and at times the market has felt the
effects of hedge selling by the Northwest. To-day prices
declined on free receipts, dulness on the spot and selling by
elevator interests.
D A IL Y C L O SIN G P R IC E S OF O A T S I N NEW Y O R K .
S a t.
M on. T ues.
1V c d . T l i u r s .
F r i.
N o . 2 w h it e ____________________ 42-45 42-45 4 2 -4 5 42-45 42-45 N om .
W h ite c lio p c d ______________ ____ 43-48 43-48 43-4 8 43-48 43-48 43-47 %
D A IL Y C L O SIN G P R IC E S O F O A T S F U T U R E S IN CHICAGO.
S a t.
24 1909.
Prices for wheat flour have shown unimportant changes
during the week, though on the whole the tone has been
firm and some grades are slightly higher, reflecting the strong
position of cash wheat. Trade in the local market, however,
has been so dull that prices are mainly nominal. There has
been practically no business in winter-wheat flour. At some
of the large milling centres of the country, notably at Min
neapolis, the sales of flour of late have been very large and
the output of the mills is heavy. Rye flour and corn meal
have been quiet and steady.
Wheat early in the week advanced, but since then it has
gradually receded in price. The advance early in the week
was attributable to the fact that, owing to persistently
heavy receipts at the spring-wheat markets and an absence
of export demand, the market had become somewhat over
sold. Also, flour sales at the Northwest increased and cash
prices for wheat were everywhere firm. Increased premiums
were paid for a time by millers for the actual wheat. A
better cash demand was reported at Minneapolis and St.
Louis and Southwestern receipts were small. Predictions
were rife, too, that the spring-wheat receipts would soon
show a sharp falling off. Millers in Texas were buying at
St. Louis and winter-wheat mills were also buying at Min
neapolis. But, as already intimated, prices have since had
a setback. Two things militate more or less seriously
against a sustained advance. First, the large receipts at
the Northwest and steadily increasing supplies, and, second,
the absence of export demand. The world’s available sup
ply increased no less than 11,200,000 bushels during the
past week instead of 7,639,000 bushels, as was reported
on Tuesday last. On some days the receipts of spring wheat
at Minneapolis, Duluth and Winnipeg have approximated
1,700 cars. Foreign crop reports have been in the main
favorable. Europe is more disposed at the present time
to buy from Argentina, Russia, India and Aus
tralia than from this country.
There is some
talk, too, of an increased acreage of winter wheat being
planted, something which may well be credited, seeing that
the price is far from unattractive. Meantime, what with
dulness of speculation, slowness of export business, large
spring-wheat receipts and increasing stocks, the market has
got into something of a rut. The small movement of the
winter-wheat crop is not regarded as a sufficient incentive to
bull speculation. On the one hand we have a light, although
increasing, visible supply, and on the other a lack of export
demand. Mr. Fatten is quoted as taking the ground that it
will take several months to determine which is to yield,
Europe or America. He thinks that Europe will not yield
as long as it can get plenty of wheat from Argentina, Aus
tralia and India. Meantime the American crop is supposed
to be 75,000,000 bushels larger than last year. To-day
prices declined on heavy receipts at the Northwest, dulness
on the spot and general selling. The cables were generally
lower. A liberal increase in the visible supply is expected
next week. Reports regarding new winter-wheat prospects
were very favorable.
F r id a y , S e p t.
S a t.
D A IL Y C L O SIN G P R IC E S O F N O . 2 M IX E D C O R N IN NEW YO R K .
Cash co r n _
_ ___________
___ ------ 7 8 %
78
78
.Septem ber d eliv ery in e l e v a t o r ,.____ 76
70
76
D ecem b er d eliv ery in e le v a to r . ____ 71 %
71%
71%
D A IL Y C L O SIN G P R IC E S OF C O R N F U T U R E S
S ep tem b er d eliv ery in elev a to r ------ 6 8 %
D ecem ber d eliv ery In e le v a to r . ____ 6 0 %
M ay d eliv ery in e le v a to r _______ - - - , 6 2 %
Fri.
T h u rs.
12 Vv 4
4
12 M
12K
4
4
4 12 \ i
12 H
p.m . p .m . p .m . p .m . p .m . p .m . p .m . p .m . p .m . p .m .
12 H
p .m .
d.
S e p t.-O c t.
O c t . -N ov..
100 t h s .
Indian corn futures in the local market have been nominal.
At the West trading has been active. Prices there have
sagged of late, owing to increasing crop estimates, dulness
on the spot at weaker quotations and general selling in
which large elevator interests have been prominent. A crop
estimate of 2,745,000,000 bushels caused considerable
selling. It is the general belief that the bulk of the crop is
safe from damage by frost, and although frost has occurred
on several nights during the week, it has had no effect on
sentiment. Weakness in Liverpool has also been a depressing
factor. To-day prices declined on favorable crop reports, a
dull and weaker cash market, large Argentine shipments,
liquidation and hammering.
M on.
S ep tem b er d eliv ery in e le v a to r -------- 39%
D ecem b er d eliv ery in e le v a to r -------- 39%
M ay d eliv ery in e le v a to r ----------------- 42%
T ues.
39%
39 34
41%
W ed . T h u r s . F r i.
39%
39%
42%
39%
39 32
41%
39%
38%
41%
39%
38 s!
41%
The following are closing quotations:
FLO UR.
15 @ $4 35 K an sas stra ig h ts, s a c k s .$5 0 0 @ $ 5 25
2 5 © 5 50 K a n sa s clears, sa c k s___ 4 40 @ 4 50
9 5 © 5 25 C ity p a te n ts ___________ 6 30@ 6 60
6 0 © 4 80 R y e llour, b b ls_________4 15@ 4 4 5
25@ 5 50 G raham llo u r__________4 1 5 © 4 40
9 5 © 5 20 Corn m ea l, kiln d r ie d .. ___@ 3 65
60@ 4 75
G R A IN .
C en ts.
Corn, per b u sh el—
W h ea t, per b u sh el—
N o . 2 m ix e d __________ e le v .
76 %
N . D u lu th . N o. 1____
$1 08%
N o . 2 y e l l o w ______ f.o .b N om in al
1.06%
N . D u lu th , N o. 2 _____
N o . 2 w h i t e _______ f .o .b . N om inal
R ed w inter. N o. 2 . . .f .o .b N om inal
Hard "
”
1.11% R y e , per b u sh el—
N o . 2 W e s te r n _______ f .o .b . 71
O ats, per b ush el—
S ta te a n d J e r se y ______ N o m in a l
N a t. w h ite, 26 to28 lb s. 42 @ 4 4%
N o. 2 w h i t e --------------- N om inal B arley — M a ltin g_________N o m in a l
F eed in g , c. i. f ., N . Y . 58@G0
W h ite c lip p e d ------------43 @47%
W in ter, low g ra d es____$4
W in ter p a ten ts, n e w ___ 5
W in ter stra ig h ts, n e w . . 4
W in ter clears, n e w ____ 4
S prin g p a te n ts _________ 5
Spring str a ig h ts _______ 4
Spring clea rs___________ 4
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August 1 for each of the last three years have been:
R e c e ip ts a t —
C orn.
W h e a t.
F lo u r.
H a r le y .
O a ts .
R ye.
60 lb s. b u s h . 56 lb s. b u s h . 32 lb s. b u s h A S l b s . 6m.50 lb s .
1,887,800
393,000
40.000
2,682,750
373.200
199,000
180,000
596,700
32.000
233.200
334,112 1,159,600
39,743
37,297
3,922,492
373,479
92,700
857,760
59,020
3.850.460
18.000
78,100
136.500
163,000
37,644
49,818
63,958
322,669
3,044
19,450
81,022
441,250
220,400
5,126
643,516
26,000
348,860
1 17,065
27,000
6,000
21,000
148.500
97,900
607,950
bbls.lO 'olbs. b u s h .
C hicago___
Milwaukee-,
D uluth.........
Minneapolis.
193.0S4
95,900
161,000
D etroit____
Cleveland . .
St. Louis__
P e o r ia .........
Kansas City.
6,808
3.321
78.755
44,200
T ot.w k.’O
D
Same wk. ’08
Same wk. '07
' 589.068
522,312
319,309
9,898,226
12,395,051
5,752,200
Since Aug. 1
1909____ 3,292,828 47,210,664
1908......... 2,902,110 50,044,388
1907......... 2,612,406 44,142,654
4,021,193 3,063,104
5,590,617 4,601,725
5,821,000 2,825,912
3,841,993
3,048,694
6,078,990
233,569
263.081
215,680
23.020.5S8 33,629,825 8,867,407 1,435,775
18,760,668 31,909.971 15,083,255 1,395,922
27.S88.423 41,405,148 7,092,501 1,115,574
Total receipts of flour and grain at the seaboard ports for
the week ended Sept. 18 1909 follow:
R e c e ip ts a t —
New Y o r k ____ . . .
B o s to n ............... __
Philadelphia - . . .
Baltim ore_____ . . .
Richmond . __ . ..
New Orleans
Newport N e w s..
Gnlveston...........
Mobile ______
Montreal............. . . .
F lo u r .
b b ls.
109,742
45.105
79,909
40.6S0
60,000
13,566
7,500
1,071
"5 ,7 6 5
30,450
W h e a l,
bush.
C o rn
bu sh .
O a ts ,
b ush.
298,800
838
35,505
43,320
59,0.50
42,100
131,850
37,693
27,000
80,704
20,394
118,600
477,325
74,290
134,342
194,673
71,504
59,500
86,000
7,000
26,000
12,641
20,250
29,612
858,043
H a r le y ,
b u sh.
17,850
4,345
1,000
R ye,
bush.
1,210
12,165
6,600
866
Total week______ 399,788 1,424,256
461,882 1,061,496
24,061
19,975
Week 1908 _____ 383,188 2,599,407
309,000
957,922
59,534 98,420
Since Jan. 1 1909 10,763,927 52,510,055 31,010,869 33,920,720 4290,134 691,843
Since Jan. 1 1908_11.866,683 69,977,869 27,862,095 31,565,037 3230,182 1515,318
* Receipts do not Include grain passing through New Orleans for foreign ports
on through bills of lading.
The exports from the several seaboard ports for the week
W h e a t,
C orn,
bu sh .
E x p o r ts f r o m —
bush.
7,934
New Y o r k ______________ 62,264
Boston ...................................
1,088
Philadelphia------ --------2,260
Baltimore_______
40,000
67,038
New O rleans___ 112,177
Newport N ew s—
--------Galveston_______ 457,000
26,000
Mobile__________
Montreal .............. 1,139,645
Norfolk, V a .........
............
Total week___ 1,811,086
Week 1908........... 2,539,006
F lo u r ,
b b ls.
O a ls ,
bu sh .
72,911
19.674
25,736
20,195
25,054
7,500
24,184
5,705
43,499
1,071
7,354
1,400
36,957
20,313
H a r le y ,
bush.
P eas,
b ush.
............
104,320 245,527
33,894 191,082
R ye,
bush.
20
7,683
863
17,143
150
250
20,250
13,525
17,143
*3,420
13,525
7,077
1,013
3 8
The destination of these exports for the week and
July 1 1909 is as below:
and that it is only a question of time when such interests
will be obliged to enter the primary market. Many jobbers,
--------- F lo u r - -------------------- 1V h e a l ------------------------ C o r n on the other hand, contend that stocks in second hands are
S in c e
S in c e
S in c e
sufficient to meet prospective demands in the near future,
W eek
J u ly 1
W eek
J u ly 1
J u ly 1
W eek
and that the matter of replenishing and making fresh com
1909. S e p t. 18.
1909.
E x p o r ts f o r w e e k a n d S e p t. 18.
1909. S e p t. 18.
b b ls.
bush.
bush
s in c e J u l y 1 to —
bbls.
bush.
b u sh.
mittments for the future will depend largely, if not entirely,
United Kingdom— 147,859
903,273 1,451,045 9,701,986
61,000
404,598
upon the distribution during the next month or so. In other
C o n tinent_________ 50,300 211,140 356,391 5,360,547
372,078
45,492
152,603
So. & Cent. A m er.. 14,315
119,381
1,148
2,050
words, the extent of the
271,699
W est I n d ie s ________ 31,075
1,000 42,172 509,712 of distributors to secure consumptive demand and the ability
1,000
prices for goods commensurate with
Drlt. No. Am. Cols.
801
5,814
23,079
5,914
Other Countries___
1,177
22,538
the higher cost of cotton, it is thought, will go a long way
T otal..... .................245,527 1,584,392 1,811,086 15.182.914
104,320 1,343.608 in solving the problem now confronting all branches of the
564,663
Total 1908 ......... ..1 9 1 ,0 8 2 2,006,706 2,539,006 2S,577,900
33,894
trade. As already indicated, business among first hands has
The world’s shipments of wheat and corn for the week continued moderate in the aggregate, but the week was not
ending Sept. 18 1909 and since July 1 1909 and 1908 are without indications that buyers in some quarters have been
giving closer attention to the strong underlying factors in
shown in the following:
the situation and are coming to appreciate more freely their
significance. This apparent change in their attitude is no
C orn.
W h e a t.
doubt due to the continued advance in the staple, the further
1909.
E x p o r ts .
1909.
1908.
1908.
strenghtening of prices on certain lines and to the persistent
S in c e
W eek
S in c e
S in c e
S in c e
W eek
refusal of mills to book orders for late deliveries below the
J u l y 1.
S e p t . IS.
J u l y 1.
J u l y 1.
J u l y 1.
S e p t . 18.
figures asked. Most purchasers are still temporizing, but
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
some large distributors, notably Southern houses, seemingly
1.313.000
680,400
North Amer. 2.476.000 24.565.000 39,334,700 136.000
convinced that the trend of prices is upward, have begun to
5.076.000
4.162.500
R ussian ___ 6.384.000 36.608.000 10.296.000 204.000
9.192.000 213.000
6.409.000
7.368.000
5.369.500
Danublan - .
576.000
take fair quantities of low-priced cotton fabrics for late
Argentine - . 392.000 11.256.000 18.958.000 2,040,000 34,572,000 23,156,500 shipment.
Among jobbing houses, trade has continued
2.448.000
A ustralian ..
152.000
1.948.000
4.424.000
Oth. countr’s 504.000 20.424.000
moderate, with orders confined principally to filling current
or near-by needs; as the season is late, however, and retailers
T o t a l___ 10484000 102,169,000 84,652,700 2,593,000 47,370,000 33,368,900
have so far purchased, as a rule, in limited quantities,
a
The quantity of wheat and corn afloat for Europe on dates jobbers expect the somewhat freer application in the near
future. With
exception of some demand for prints,
mentioned was as follows:
export trade has remained quiet. The men’s wear market
has been quiet with no special feature, while the call for
C orn.
W h e a t.
certain dress fabrics has been good.
U n ite d
U n ite d
DOMESTIC COTTON GOODS.—The exports of cotton
K i n g d o m . C o n tin e n t.
T o ta l.
K i n g d o m . C o n tin e n t.
T o ta l.
goods from this port for the week ending Sept. 12 were 9,973
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
B u s h e ls .
packages, valued at 8090,534, their destination being to the
Sept. 18 1909- 13.360.000 12.560.000 25.920.000 7.140.000 7.735.000 14.875.000
Sept. 11 1909. 14.880.000 11.920.000 26.800.000 6.970.000 9.265.000 16.235.000
points specified in the tables below:
Sept. 19 1908. 13.520.000 13.120.000 26.040.000 5.865.000
Sept. 21 1907. 16.960.000 12.160.000 29.120.000 7.500.000
4.335.000 10.200.000
4.320.000 11,880,000
-------- 1000------------------------ 1908--------S in c e
18—•
W eek.
J a n . 1.
Great B rita in .......... ..................................
101
1,351
O ther E u ro p ea n ---------4
784
C hina.......... ............................................................6,979 155,321
I n d i a ...................................................................... ......
11,698
A rabia................................................................... ......
2 0 ,5 8 9
A f r ic a .......... ............
189
11,480
W est Ind ies .............................................
504
2 9 ,9 5 3
M ex ico_________
61
1,195
C entral A m e r ic a _________
405
10,154
S o u th A m erica.......... .............................
1,573
3 8 ,7 3 4
O ther co u n tries............................................ ..
1 57
13,767
N ew
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports Sept. 18 1909, was as follows:
AMERICAN GRAIN STOCKS.
W h e a t.
bu sh .
C orn,
b u sh.
O a ts,
bu sh .
R ye,
bush.
B a r le y ,
bu sh .
New Y o r k ......... ............
496.000
30,000
90,000
547,000
298,000
301,000
3643)00
894,000
237,000
639,000
111,000
2,745,000
651,000
1,599,000
1,715,000
20,000
544,000
1,494,000
580,000
662,000
15,000
119,000
701.000
150,000
7,000
P h iladelp h ia_______ ..
Baltimore........... ............
New O rleans_______ ..
52,000
35,000
1,000
107,000
146,000
11,000
182,000
39,000
105,000
175,000
79,000
51,000
20,000
62,000
72,000
84,000
86,000
869,000
55,000
1,000
50,000
1,000
T o t a l . . .................................
346,000
491,000
203,000
4,148,000
154,000
268,000
331,000
337,000
287,000
959,000
299,000
600,000
281,000
4,000
32,000
46,000
4,000
3,000
100,000
62,000
3,000
2,231,000 10,351,000
Total Sept. 18 1909. .13,325,000
8,862,000
1,957,000
Total Sept. 11 1909. .10,741,000
CANADIAN GRAIN STOCKS.
360,000
325,000
2.236.000
1.462.000
R ye,
bu sh .
B a r le y ,
bush
Buffalo ........... ............ .. .
T o le d o _____________ ..
D etro it_____________..
Chicago_____________..
Milwaukee................ .. ..
D u lu th _____________ .
M inneapolis------------- ..
St. L o u is .................. ..
Kansas C ity....... ............
.
Indianapolis......... ..........
On Lakes_____ ___ .
On Canal and River. .
147,000
1,000
109.000
1,134,000
246.000
15,000
48,000
W h e a t.
bush.
C orn,
bu sh .
O a ts ,
b u sh.
..
383,000
.. 1,829,000
1,271,000
92,000
91,000
227,000
56,000
227,000
323,000
56.000
57.000
Total Sept. 18 1909. . 3,575,000
Total Sept. 11 1909. . 1,757,000
91,000
90,000
SUMMARY.
W h e a t.
bush.
C orn,
b u sh.
O a ts ,
b u sh.
R ye,
b ush.
B a r le y ,
bu sh .
American .................... .13,325,000
. 3,575,000
2.231,000
91,000
10,351,000
227,000
360,000
2,236,000
56,000
Sept. 18 1909. .16,900,000
Sept. 11 1909. .12,498,000
Sept. 19 1908...24,695,000
Sept. 21 1907- .44,009,000
2,322.000
2,047,000
2.913,000
4,160,000
10,578.000
9,185,000
5,878,000
4,485,000
360,000
325,000
644,000
527,000
2.292.000
1.519.000
3.426.000
1.946.000
Total
Total
Total
Total
THE DRY GOODS TRADE.
N e w Y o r k , F r i d a y N i g h t , S e p t . 24 1909.
In the cotton goods market interest has naturally centred
in this week’s further sharp advance in the staple, which
carried the price of spot middling upland, New York, well
above 13c. In the primary market for some time past
contract business has been checked by the unusual condi
tions prevailing in raw material markets, mills and buyers,
as is well known, being far apart in their views; with the
staple daily soaring to new high levels and with no indica
tions when the limit will be reached, it is apparent that the
situation and outlook have become' even more complex.
The time is near at hand when mills will be obliged to re
plenish their supplies of cotton and, unquestionably, at
prices considerably above those paid a year ago; therefore,
it is hard to escape the conclusion that unless buyers agree
to terms that will afford manufacturers a reasonable profit
on goods to be made from new-crop cotton, the latter will
curtail production, especially of heavy cotton cloths. Mill
interests maintain a very firm attitude and appear quite
confident and hopeful regarding the future, claiming that
supplies of staple cottons among jobbers and others are not
large—in fact, insufficient to meet probable requirements
Y o r k to S e p t.
-9 ,9 7 3
2 9 5 ,0 2 6
W eek.
S in c e
J a n . 1.
7
47
___
4
2 ,3 3 4
677
843
14
419
1 ,095
350
600
885
18,120
7 ,692
2 3 ,5 9 2
7,114
17,930
1,225
11,418
2 9 ,3 6 9
14,873
5 ,7 9 0
132,818
The value of these New York exports since Jan. 1 has been
$16,016,789 in 1909, against $8,394,933 in 1908.
In the primary market for domestic cottons a somewhat
better demand was noted for light-weight fabrics, both for
near-by and late delivery, and while the volume of new busi
ness was not heavy, the movement was freer than for some
time past; goods of heavier construction, however, continued
to drag. A fairly good business was reported done on staple
and fancy prints, jobbers in the South and West forwarding
good-size orders, many of which were for spring shipment.
Bleached goods were advanced j^c., with indications that the
tendency is still upward, while advances of y c . were an
nounced during the week on percales. Ginghams have been
in active request, although purchasers have been trying to
secure allotments on the former price basis; a fair volume of
business, however, was placed at the new price level, and
available supplies, it is stated, are steadily decreasing. A
further shortening of the discount on duck is noted, and
Southern brown sheetings have been moved at somewhat
higher figures. Trade in linings has been quiet, but the
market has continued firm in sympathy with the strength
of gray goods. In the print cloth market demand has been
active and spot supplies further reduced. Mills in a position
to make the required deliveries accepted M. C. 1). Borden’s
advanced bid of 3%c. for regulars and a considerable busi
ness was done at that figure for deliveries up to January.
Mills as a rule, however, have been unwilling to quote
except for near-by shipment and not a few manufacturers
have been disposed to withdraw prices temporarily because
of the advance in the staple. Regular print cloths are higher
at 3%c., but standard wide goods remain unchanged at 5 ^ c .
WOOLEN GOODS.—The primary men’s wear market
has ruled quiet, as mills are waiting for clothing manu
facturers to make their canvass for orders on spring lines;
in short, this is the between-seasons period. Demand for
certain lines of dress goods for fall, especially broadcloths,
has been well maintained, while the call for voiles, both
foreign and domestic, has been active, and leading producers
are reported well under order. Manufacturers of staple
dress goods have orders in hand that will keep them well
engaged for several months, but some producers of fancy
worsteds are said to be not so comfortably situated. Staple
worsteds, on the other hand, are being re-ordered in fair
quantities.
FOREIGN DRY GOODS.— Foreign woolens and worsteds
have continued to find a good market here. Linens have
been active and strong, with available supplies insufficient
to meet all demands; reports of large stocks held in ware
houses here are denied by leading factors. In the burlap
market a moderate business has been done for spot delivery,
but futures have been dull; prices remain unchanged.
,
Breckenridge, Wilkin County, Minn.— B o n d s N o t S o l d . —
No bids were received on Sept. 11 for the two issues of 5%
coupon bonds aggregating $40,000, described in V. 89, p. 612.
Brown County (P. O. Brownwood), Tex.— P r i c e P a i d f o r
N e w s Item s.
B o n d s . —Brooke, Smith & Co. of Brownwood advise us that
Minnesota.— D e a th o f G o v e r n o r .—Governor John A. John they paid par for the S100,000 5% road-building bonds
son died at 3:24 a. in. on Sept. 21 at St. Mary’s Hospital in awarded them (V. 89, p. 737) on Sept. 1:
Rochester. Mr. Johnson will be succeeded by LieutenantD en o m in a tio n $ 1 ,0 0 0 . D a te S e p t. 1 1909. In te r e st sem i-a n n u a l. Ma
Governor Adolph O. Eberhart.
tu r ity 40 y ea r s, $ 5 0 ,0 0 0 b ein g su b jec t to call a fte r 10 y ea rs a m i $50 ,0 0 0
a fte r 20 y ea r s.
Narragansett (P. O. Narragansett Pier), R. I. — S e w e r
Canton, Stark County, Ohio.— B o n d O f f e r in g . — Proposals
B o n d C a s e S e t t l e d .—On Sept. 21 the Superior Court dis
missed the bill of complaint in the suit brought to restrain will be received until 12 m. Oct. 1 by Armstrong Ashbrook,
the sale of the $30,000 sewer bonds authorized by the last City Auditor, for the following 4J^% bonds:
$900 B ell A v e n u e sto rm -w a te r sew er b o n d s. M atu rity 10 y ea r s.
Legislature and offered in July. See V. 89, p. 180.
S tate
C ity
p e d i m e nt,
2 ,5 0 0
B o n d P r o p o sa ls an d N eg o tia tio n s this weei
fiave bean as follows 2
Alexandria, Rapides Parish, La .— B o n d O f f e r in g . — Pro
posals will be received until 12 m. Sept. 27 by J. P. Turregano, Mayor, for $40,000 5% public-improvement bonds.
D en o m in a tio n $ 1 ,0 0 0 . D a te O ct. 1 1000. In te rest sem i-a n n u a lly
th e office of th e C ity T reasurer or a t th e U . S . M ortgage & T ru st Co.
N ew York C ity . A latu rity 40 y ears. B on d s h a v e been ap proved
C aldw ell & R eed of N ew York C ity . C ertllled ch eck for $50 0 , p a y a b le
H . B . C hase, T reasurer, Is required.
at
In
by
to
C edar S t. sto rm -w a te r-sew er b o n d s. D en o m in a tio n s $ 1 ,0 0 0 an d
$ 1 ,5 0 0 . M a tu rity 10 y ea r s.
5 .6 0 0 D u eb er A v e. sto rm -w a te r sew er b o n d s. D en o m in a tio n $ 1 ,0 0 0 , e x
c e p t o n e b o n d o f $ 1 ,6 0 0 . M atu rity 10 y ea r s.
1.6 0 0 E a st L ak e S t. sa n ita ry -sew er b o n d s. M atu rity 5 y ea r s.
2 ,3 0 0 K lorer A v e . sa n ita ry sew er b o n d s. D en o m in a tio n s $ 1 ,0 0 0 and
$ 1 ,3 0 0 . M a tu rity 5 y ea r s.
4 ,0 0 0 E a st F o u rth S t. Im p rovem en t b o n d s. D en o m in a tio n $ 1 ,0 0 0 . .Ma
tu r ity $ 1 ,0 0 0 y ea r ly o n S e p t. 1 from 1911 to 1914 Inclu sive.
800 E ast F ou rth S t. (c ity ’s p ortion ) b o n d . M atu rity 5 y ea r s.
2 .6 0 0 W arner A v e. im p ro v em en t b o n d s. D en o m in a tio n s $ 1 ,0 0 0 a n d
$ 1 ,6 0 0 . M a tu rity $ 1 ,0 0 0 S e p t. 1 1912 and $ 1 ,6 0 0 S e p t. 1 1914.
200 W arner A v e. (c ity ’s p ortion) b o n d . M atu rity 5 yea rs.
D a te S ep t. 1 1909. In terest sem i-a n n u a l. C ertified ch eck on a b a n k
In C anton for 5% o f b ond s bid fo r, p a y a b le to th e C ity T reasu rer, Is r e
q uired . Purchaser to fu rn ish blan k b o n d s a t his o w n ex p en se.
Carmen, Alfalfa County, Okla.—Bond S a l e . —The $30,000
Alva, Woods County, Okla.—B o n d O f f e r in g . — Proposals
will be received until 8 p. m. Sept. 28 by A. N. Devin, City 25-year coupon water-works bonds offered without success
Clerk, for $8,000 reservoir $22,000 water-service-extension on July 26 (V. 89, p. 362) have been sold at a premium.
Christianburg, Montgomery County, Va.— B o n d O f f e r in g .
and $30,000 city-building 5% coupon 25-year bonds.
A u th o rity B arnes C on stitu tion of O k lah om a, S ectio n 29.1. D en om in ation — Proposals will be received until 12 m. Sept. 30 by John
$ 1 ,0 0 0 . In te rest p ayab le a t th e fiscal a g en cy in N ew York C ity . C ertified
R. Johnson, Chairman of Special Water Committee, for
ch eck for 1% of b id , p ayab le to th e “ C ity of A lv a ,” is required.
$40,000 4% water-works bonds.
Amarillo, Potter County, Tox.— B o n d E le c tio n P r o p o s e d . —
D en o m in a tio n $5 0 0 . D a te , d a y of Issue. I n te r e s t sem i-a n n u a l. Ma
We see it reported that the City Council purposes to call an tu r ity 30 y ea r s, su b je c t to call a fte r 15 y ea r s. C ertllled ch eck fo r $400
election to vote on the question of issuing $100,000 bonds Is req u ired .
Claremont School District, Fresno County, Cal.— D e s c r i p
for the improvement of sewers, crossings and paving.
Angleton Independent School District (P. O. Angleton), tio n o f B o n d s . — We are informed that the amount of 5%
Brazoria County, Tex.— B o n d s V o te d . — Reports state that 1-5-ycar (serial) building bonds disposed of on Aug. 13 to
an election held Sept. 4 resulted in a vote of 02 “for” to 19 the Merchants’ Bank & Trust Co. of Los Angeles (V. 89,
“against” the question of issuing $17,000 school-house bonds. p. 549) was $2,500. The price paid was $2,663 43, or
Asbury Park, Monmouth County, N. J.—B o n d s D e f e a te d . 106.537—an interest basis of about 2.718%. Date July 26
— An election held Sept. 21 resulted in the defeat of a propo 1909.
Clinton County ( P. O. Wilmington), Ohio.— B o n d S a l e . —
sition to issue $150,000 beach-front improvement bonds.
On Sept. 18 the $1,300 6% William Haley Ditch bonds
The vote was 379 “for” to 421 “against.”
Ashtabula County (P.O. Jefferson), Ohio.— B o n d O f f e r in g s . described in V. 89, p. 678, were awarded to the Clinton
■ Proposals will be received until 1 p. in. Sept. 27 by the County National Bank of Wilmington' at 100.756. The
—
Board of County Commissioners for $35,000 4)^% coupon bids were as follows:
a .B
.$
a
bonds to improve the East and West Center Road running C linton Co.NN t. t B kk.,.,CW llm b. 1 ,3 0 9 84 [S ecu rity CSo.,v in g sle dB an k &$1 ,3 0 3 5
N ew F irst a
olum 1,305 00]
T ru st
To
o ______
through Windsor and Orwell townships.
M atu rity on S e p t. 18 a s follow s: $500 in 1910 a n d $800 in 1911.
D en om in ation $500. D a te S ep t. 1 1909. In terest p a y a b le sem i
Cold Spring, Stearns County, Minn.— B o n d O f f e r in g . —
a n n u a lly a t th e C ou n ty T reasurer’s office In Jefferson . M atu rity $ 3 ,5 0 0
Proposals will be received until 8 p. in. Sept. 30 by Michael
y ea r ly on S ep t. 1 from 1910 to 1919 Inclu sive. C ertified ch eck for $5 0 0 ,
p a y a b le to B . E . T h ayer, C ou n ty Treasurer, Is requ ired . P u rchaser to
Kummer, Village Recorder, for $11,000 5% water-works
In addition to the above, proposals will be received until and sewer bonds.
1 p. m. Sept. 30 by the County Commissioners for $13,000
A u th o rity , electio n held A u g . 7 1909. D en o m in a tio n s: 18 b o n d s o f
$500 each a n d 2 b ond s of $ 1 ,0 0 0 ea c h . I n te rest a n n u a l. M atu rity $500
4
coupon Lake Road (Saybrook Township) bonds.
y ea rly from 1910 to 1927 Inclu lsve and $1 ,0 0 0 In each o f th e y ea rs 1928
A u th o rity S ection 4 670-19, R ev ised S ta tu te s. D en om in a tio n $ 1 ,0 0 0 .
D a te O ct. 1 1909. In te rest sem i-a n n u a lly a t th e C ou n ty T reasu ry. Ma
tu r ity on O ct. 1 as follow s: $1,0 0 0 y ea rly from 1010 to 1916 in clu siv e and
$ 2 ,0 0 0 y ea rly from 1917 to 1919 Inclu sive. C ertified ch eck for $500, p a y
a b le to B. E . T h ayer, C ou n ty T reasurer, Is required. O fficial a d v e r tise
m en t sta te s th a t th e co u n ty has n ever d efau lted In p a y m en t of Its d eb ts
a n d th a t there is no litig a tio n p en din g or th reaten ed a ffectin g th is b ond
Issue. P u rchaser to p a y accru ed Interest.
and 1929.
p urchaser. D elivery of bonds on or a b o u t O ct. 15 1909.
d er to p a y accru ed Interest.
D en o m in a tio n $ 1 ,0 0 0 . D a te S ep t. 1 1909. I n te rest March 1 a n d
S e p t. 1 a t th e K n ickerb ock er T ru st Co. In N ew Y ork C ity . M atu rity
$ 2 ,0 0 0 y ea r ly on March 1 from 1911 to 1925 In clu siv e. C ertllled ch eck for
3% of bid Is req u ired .
C ertified ch eck fo r 2% of a m o u n t bid is requ ired .
Coleraine, Itasca County, Minn.— B i d s R e je c te d . — All
bids received on Sept. 15 for the $40,000 5% jail, village-hall
and fire-hall bonds described in V. 89, p. 678, were rejected.
Columbia Special School District No. 2 (P. O. Columbia
Atlantic City, N. J.— B o n d O f f e r in g . — Proposals will bo Station), Lorain County, Ohio.—B o n d S a l e . — On Sept. 1
the $4,500 4j^% coupon school-building bonds described
received until 12 in. Oct. 9 by A. M. Heston, City Comp in V. 89, p. 549, were awarded to the First National Bank of
troller, for $205,000 4)^% gold coupon paving bonds.
Cleveland for $4,511 (100.244) and accrued interest. There
D en o m in a tio n $1 ,0 0 0 . D a te J u ly 1 1909. I n te rest sem i-a n n u a lly In were no other bidders.
Maturity 450 yearly on Sept. 1 1911
N ew York C ity a t th e H an over N a tio n a l B an k . M atu rity J u ly 1 1944.
and $225 yearly on Sept. 1 from 1912 to 1929 inclusive.
B id s m u st be u n con d ition al and be su b m itte d on a blank form fu rn ished
b y A . M. H e sto n , C ity C om ptroller. B onds are free from ta x a tio n . A d e
Corning School District (P. O. Corning), Steuben County,
p o sit of $100 (m ad e In cash o r b y certified ch eck , p a y a b le to th e C ity C om p
troller) m u st a ccom p an y proposal for each $ 5 ,0 0 0 b onds bid u p on . Of N. Y .— B o n d O f f e r in g . —Proposals will be received until
ficial a d v ertise m e n t s ta te s th ere Is no litig a tio n affectin g th e b ond s. T he
C olum bia T ru st Co. of N ew York C ity w ill ce rtify a s to th e g en u in en ess o f 4:30 p. m. Oct. 5 by Leigh R. Hunt, Secretary Board of
th e b on d s, and th e le g a lity o f th e sam e w ill be ap proved b y D illon & H u b
bard of N ew York C ity, a co p y of w hose op in ion w ill be d eliv ered to th e Education, for 30,000 4% school bonds.
S uccessful b id
T h e o f f ic ia l n o tic e o f th is b o n d o f fe r in g w i l l b e f o u n d a m o n g
th e a d v e r tis e m e n ts e ls e w h e r e i n th is D e p a r tm e n t.
T h e o f f ic ia l n o tic e o f th is b o n d o f fe r in g w i l l be f o u n d a m o n g
Baldwinsville, Onondaga County, N. Y.— B o n d O f fe r in g th e a d v e r tis e m e n ts e ls e w h e r e i n th is D e p a r tm e n t.
P o s t p o n e d .— The offering of the $50,000 3 ^ % registered
Darke County (P. O. Greenville), Ohio.—B o n d S a l e . — An
refunding water bonds described in V. 89, p. 077, which was
to have taken place Sept. 13, was postponed until Sept. 27. issue of $18,000 4j^% bridge bonds was sold on Sept. 18
to the Second National Bank of Greenville at 101.041 and
Berea, Cuyahoga County, Ohio.— B o n d O f f e r in g . — Propos accrued interest. Following are the bids:
als will be received until 12 in. Sept. 27 by O. R. Stone, .Second N . B k .. G reen v ille.$1 8 ,1 8 7 4 0 |W . R . T odd & C o., C in .. .$ 1 8 ,1 0 5 00
Village Clerk, for $1,200 5% West Grand Street improevment H a y d e n ,Miller & C o.,C lev. 18,168 0 0 |P r o v . S . B . & T r. C o.,CIn. 18,086 40
assessment bonds.
Diamond Hill School District (P. O. Fort Worth), Tarrant
A u th ority S ection 9 5 , R ev ised S ta tu te s. D en om in ation $100. D a te
J u ly 1 1909. In te rest A pril 1 an d O ct. 1. M atu rity $100 each s ix m o n th s County, Tex.— B o n d S a l e . — On Sept. 10 the $20,000 5%
from April 1 1914 to O ct. 1 1919 Inclu sive. C ertified check for 5% of bonds
15-40-year (optional) coupon school-building bonds described
b id for, p ayab le to th e V illage Treasurer, Is requ ired . P u rchaser to p a y in V. 89, p. 613, wert sold to James H. Causey & Co. of
accru ed Interest.
Birmingham, Ala .— B o n d S a l e . — The $200,000 5% 30-year Denver, Col., at 101.50.
Eau Claire, W is.— B i d s R e je c te d . —All bids received on
school bonds described in V. 89, p. 077, were sold on Sept. 15,
it is reported, to Otto Marx & Co. of Birmingham at 105.003 Sept. 15 for an issue of $45,000 4% 20-year coupon refunding
bonds offered on that day were rejected. Bids at par were
—a basis of about 4.688%.
received as follows: James Jenson of Minneapolis for $11,000
Boone, Iowa.—B o n d S a l e . —The $8,000 4% 5-10-year bonds and E. K. Stemple of St. Paul and S. C. Olson of
(optional) funding bonds (the unsold portion of the issue of Eau Claire each for $1,000 bonds. Offers at par, less the
$12,000 bonds mentioned in V. 89, p. 362) were sold during following amounts, were also received for the entire issue:
August to local investors at par.
E . H . R o llln s& S o n s, C h ic .. $360 0 0 [H a r r I sT . & S a v .B k ., C h ic .. $751 00
Boyce, Rapides Parish, La.—B o n d s V o te d . —A proposition T . F . F ra w ley , Eau C la ir e .. 4.10 00 S . A . K ean & C o.. C h ic a g o ..1 ,1 2 5 00
lsey
C
627 2 5 a s o n ,
o.
90
to issue $15,000 brick-school-building bonds carried by a vote N . DVV. oH ain a tio& C o., 0 0h ic .. a te J u ly|F 1 r 1909.Son & C o., C h ica gn n 1,7lly 00
en m
n $ 1 ,0 . D
In terest sem i-a u a
at
th e C ity T reasurer’s o ffice. B on d s are ta x -ex em p t.
of 49 to 4, it is stated, at an election held Sept. 14.
Ellis County Road District No. 1, Tex.— Bond Offering.—
P r o p o s a ls w ill b e r e c e iv e d u n t il 12 m . O ct. 1 b y J . T . S p en ce r ,
C o u n ty J u d g e ( P . O . W a x a h a t c h i e ) , for th e $ 2 5 0 ,0 0 0 5%
1 0 -4 0 -y e a r ( o p tio n a l) r o a d -c o n s tr u c tio n b o n d s v o te d J u ly 31
( V . 8 9 , p . 5 5 0 ).
D enom in atio n 5500. In te re s t April 1 a n d O ct. I. C ertliled check for
$2,000 w ith bid upon one-half or more of Issue and $1,000 for less, is re
q u ired . T he d istric t has no d e b t a t p resent.
Elyria, Lorain County, Ohio.—Bond Offering.— P ro p o sa ls
w ill b e r e c e iv e d u n til 10 a . m . S e p t. 27 b y th e S in k in g F u n d
T r u s te e s fo r th e f o llo w in g c o u p o n b o n d s:
$15,325 5% Cleveland S tre e t paving: assessm ent bonds. D enom ination
$1,000, e x ce p t one bond of $325. M atu rity on Sept. 1 as
follows: §3,325 In 1910, 51,000 in each of th e y e ars 1911,
1912 am i 1913 and $5,000 y e arly from 1914 to 1919 inclusive.
10.000 4% w ater-w orks Im p ro v em en t (Series K) bonds. D enom ination
$1,000. M atu rity $1,000 y e arly on S e p t. 1 from 1915 to 1924
inclusive.
46.000 5% Lake A venue an d W est S tre e t paving assessm ent bonds.
D enom ination $1,000. .M aturity on Sept. 1 as follows: $4,000
yearly from 1910 to 1913 inclusive an d $5,900 yearly on Sept. 1
from 1914 to 1919 inclusive.
10.000 4% p aving (c ity ’s portion) Series K bonds. D enom ination 51,000.
M atu rity 51,000 y early on S ep t. I from 1912 to 1921 Inclusive.
A u th o rity , ordinances passed by C ity Council on S ep t. 7 a n d 8. D ate
S ep t. 1 1909. In te re s t sem i-annually a t th e U nited S tates M ortgage &
T ru st Co. in New Y ork C ity. Certified check on a n atio n al bank for 10%
of a m o u n t of bonds bid for. pay ab le to th e S ecretary of Sinking F und
T ru ste e s, is req u ired . Official notice s ta te s th a t th e city has never d e
faulted in p a y m e n t of principal o r in te re s t. P u rch aser to pay accrued
in te re s t.
Erie, Erie County, Pa.— Bond Sale.— T h is c ity h a s d is
p o s e d o f $ 8 ,0 0 0 3 ^ % 1 0 -2 0 -y e a r (o p tio n a l) in te r c e p tin g se w e r b o n d s to th e B o a r d o f S in k in g F u n d C om m ission ers, a t
par.
D e n o m in a tio n $ 5 0 0 .
D a te S e p t . 1 1 9 0 9 .
I n te r e s t
J a n u a r y a n d J u ly .
Framingham, Middlesex County, Mass.—Bond Offering.—
P r o p o sa ls w ill b e r e c e iv e d u n til 8 p . m . S e p t . 30 b y J o h n B .
L o m b a r d , T o w n T r ea su rer, for $ 4 0 ,0 0 0 3 )^ % c o u p o n w a te rlo a n b o n d s .
D enom ination $1,000. D ate O ct. 1 1909. In te re s t sem i-annual.
M aturity on O ct. 1 as follows: 51,000 yearly from 1914 to 1925 Inclusive
and 52,000 y e arly from 1926 to 1939 inclusive. Bonds are e x em p t from
ta x a tio n a n d will be read y for d elivery a b o u t Oct. 1 1909. C ertliled check
on a n y natio n al b an k o r tru s t com pany for 1 % of bonds bid for Is re q u ire d .
The bonds will be certified as to th e ir genuineness by the C ity T ru st Co. o f
B oston, who will fu rth e r certify th a t the legality of th e bonds has been a p
proved by S to rey , T h o rn d ik e, Palm er & T h a y e r of B oston, a copy of
whose opinion will lie d elivered to th e purchasers.
Fruita, Mesa County, Colo.— Bond Offering.— P r o p o sa ls
w ill b e r e c e iv e d u n t il 2 p . m . S e p t . 30 b y E . L . P e n fie ld ,
T o w n C lerk , for t h e $ 2 0 ,0 0 0 6% c o u p o n b o n d s v o te d on
A u g . 4 (V . 8 9 , p . 4 2 6 ) to c o m p le te th e w a te r s y s t e m .
D enom ination $1,000. D ate S ep t. 1 1909. In te re s t sem i-annually a t
tile Tow n T rea su re r’s office o r a t the office of K ountze Bros, in New York
C ity. M atu rity S ep t. 1 1924, su b ject to call a fte r Sept. 1 1919. • Bonds
a re exem p t from ali tax es. C ertified check for 5% of a m o u n t bid, p a y
able to the Tow n T reasu rer, is req u ired .
Garfield County (P. O. Burwell), Neb.— Bond Sale.— It is
r ep o rte d th a t th e S t a t e of N e b r a sk a r e c e n tly p u r c h a s e d
$ 1 0 ,0 0 0 4 )/2 % fu n d in g b o n d s .
Glendora,
Los
Angeles
County,
Cal.— Bond Sale
—
B a rro ll & C o. o f L o s A n g e le s are r ep o rte d a s h a v in g p a id
1 0 1 .3 2 fo r $ 4 0 ,0 0 0 e le c tr ic -lig h t b o n d s .
Grand Island, Hall County, Neb.— Bond Sale.— A rra n g e
m e n ts w ere m a d e w ith th e F ir s t N a tio n a l B a n k of G ran d
I s la n d o n S e p t . 15 fo r th e sa le o f 0% p a v in g b o n d s in “ a n y
a m o u n t u p to $ 5 0 ,0 0 0 .” T h e p r ic e p a id w a s p a r a n d a c cr u e d
in te r e s t. T h e r e w ere n o o th e r b id d e r s.
D enom ination to su it purch aser.
s u b jec t to call a t a n y tim e.
In te re s t an n u al.
Hereford, Deaf Smith County, Tex. — Bond Sale.— J a m e s
II . C a u se y & C o. o f D e n v e r h a v e p u r c h a s e d th e $ 2 5 ,0 0 0 5%
2 0 -4 0 -y e a r (o p tio n a l) w a te r -w o r k s a n d s e w e r a g e b o n d s
r e g iste r e d b y th e S t a t e C o m p tro ller (V . 8 9 , p . 3 6 3 ) o n J u ly 2 6 .
Herrick, Gregory County, So. Dak.— Bond Offering.— P ro
p o s a ls w ill b e r e c e iv e d u n til 9 p . m . t o - d a y (S e p t. 25 ) b y C h as.
F . A u e r sw a ld , T o w n C lerk , for from $ 8 ,0 0 0 to $ 1 0 ,0 0 0 7%
w a te r -w o r k s b o n d s .
A u th o rity Article 5, Sections 2732, 2733 an d 2734, Code of 1903. D ate
O ct. 1 1909. D enom ination $ 1,000. In te re st sem i-annually a t th e Tow n
T reasury. M atu rity 20 years, subject to call a fte r 10 years. Certified
check for 5500, payable to the Tow n Clerk, is required. No bonded d e b t a t
present. F loating d e b t $4,9 17 75. Assessed v a luation 1909, $112 ,478.
Hidalgo County (P. O. Hidalgo), Texas.— Bond Offering.—
P r o p o s a ls w ill bo r e c e iv e d u n til S e p t. 30 b y th e A u stin
N a tio n a l B a n k in A u s tin fo r $ 1 0 0 ,0 0 0 5% r o a d a n d b rid g e
b on d s.
D enom ination 51,000. D ale Aug. 10 1909. In te re s t April 10 a n d
O ct. 10 a t th e S ta te T rea su re r’s office in A ustin or a t th e H an o v er N ational
B ank in New Y ork C ity. M aturly 40 years, subject to call a fte r 10 years.
Certified check for S2.000, payable to the A ustin N ational B ank is required.
T otal d e b t, Including tills Issue, $175,000. Assessed v a lu a tio n 1908
$6,076,155.
Higgins Independent School District (P. O. Higgins),
Liscomb County, Tex.— Bonds Registered.— A n issu e o f $ 2 0 ,
0 0 0 5% 1 0 -4 0 -y e a r (o p tio n a l) b o n d s w a s r e g iste r e d o n S e p t. 16
b y th e S t a t e C o m tp ro ller .
Highland Irrigation District (P. O. Las Animas), Colo.—
Bonds Not Sold—Bond Offering.—
N o s a le w a s m a d e o n
S e p t . 18 o f th e $ 1 0 0 ,0 0 0 6% c o u p o n ir r ig a tio n -w o r k s-c o n
s tr u c tio n b o n d s d e sc r ib e d in V . 8 9 , p . 6 7 9 .
P r o p o sa ls w ill
b e r e c e iv e d a t a n y t im e .
Houston, Tex. — Bonds Authorized.— T h e C ity C o u n c il on
S e p t . 7 p a s se d a n o r d in a n c e p r o v id in g fo r t h e is s u a n c e o f
$ 1 0 0 ,0 0 0 4 }^ % 3 0 -y e a r p e r m a n e n t s tr e e t - p a v in g b o n d s d a te d
S e p t. 7 1909.
Hubbard County (P. O. Park Rapids), Minn.— Bond Sale.
— O n S e p t . 15 th e $ 4 0 ,5 0 0 b o n d s d e s c r ib e d in V . 8 9 , p . 6 7 9 ,
w ere a w a r d e d to th e H a rr is T r u s t & S a v in g s B a n k in C h ica g o
for $ 4 0 ,7 2 0 ( 1 0 0 .5 4 3 ) a n d a c c r u e d in te r e s t f o r 4 ) ^ s .
M a- •
t u r it y $ 2 ,7 0 0 y e a r ly o n D e c . 1 fro m 1910 to 1 9 2 4 , in c lu s iv e .
Humboldt, Tenn.— Bond Election.— W e s e e i t r ep o rte d t h a t
a n e le c tio n w ill b e h eld S e p t . 30 to a s c e r ta in w h e th e r or n o t
th e v o te r s are in fa v o r o f issu in g $ 3 0 ,0 0 0 s t r e e t - im p r o v e m e n t
b on d s.
Indiana, Indiana County, P a. — Bond Sale.— W e h a v e j u s t
b e e n a d v is e d t h a t th e $ 4 0 ,0 0 0 4j^j% c o u p o n s e w a g e - d is
p o s a l- p la n t b o n d s m e n tio n e d in V . 8 8 , p .5 8 1 , w e r e a w a r d e d
to L a w r e n c e B a r n u in & C o. o f P h ila d e lp h ia o n J u n e 16
fo r 1 0 3 .0 6 7 5 .
D enom ination $1,000. D ata Ju ly t 1909. I n te re s t sem i-annual. Ma
tu rity $5,000 in each of the years 1919 anil 1924, $1,000 yearly from 1925
to 1929 Inclusive, $2,000 yearly from 1930 to 1931 Inclusive anil $3,000
yearly from 1935 to 1939 Inclusive. Bon is are ta x free.
Inglewood School District (P. O. Inglewood), Los Angeles
County, Cal.— Bonds Defeated.— A n e le c tio n h e ld A u g . 24
r e s u lte d in th e d e fe a t of a p r o p o s itio n to is s u e b o n d s .
Jay County (P. O. Portland), Ind.— Bond Sale.— R e p o r ts
s t a t e t h a t $ 7 ,5 0 0 W illia m E . R ic h e y g r a v e l road b o n d s of
P e n n T o w n sh ip h a v e b e e n so ld to M iller, A d a m s & C o. of
I n d ia n a p o lis a t p a r .
M atu rity 10 years,
Jefferson County (P. O. Madison), Ind.— Bond Offering.—
Greene County (P. O. Snow Hill), No. Car.—Bond Sale .—
P ro p o sa ls w ill b e r e c e iv e d u n til 1 p . m . S e p t . 30 b y N . F .
R o b in u s , C o u n ty T r ea su rer, for $ 2 5 ,3 6 0 4 j/£% c o u p o n g r a v e l
ro a d (G rah am T o w n sh ip ) b o n d s .
O n S e p t. 15 th e $ 3 0 ,0 0 0 5 % fu n d in g b o n d s d e sc r ib ed m V . 8 9 ,
p . 4 8 7 , w e re a w a r d e d to U le n S u th e r lin & C o. o f C h ica g o
a t 1 0 2 .6 9 a n d a c c r u e d in te r e s t.
U len, S u th e rlin & Co., C hlc-$30,807 Seasongood*M ayer, C in e in .$30,309
C. H . Coffin, C h ic a g o -......... 30,501 A. J . Hood & Co., D e tro it_ 30,200
W ell. Ito th & C o . , C incinnati 30,480 Jo h n N uveen & Co., Chicago. 30,101
S. A. K ean & Co., Chicago . 30,465
M atu rity $2,000 biennially on Dec. 1 from 1910 to 1938 inclusive.
Greenwich, Fairfield County, Conn.—Bond Offering.—
T h is to w n is o ffer in g fo r sa le th e $ 6 0 0 ,0 0 0 4 % g o ld c o u p o n
(w ith p r iv ile g e o f r e g istr a tio n ) b o n d s o ffered w ith o u t s u c
c e s s (V . 8 9 , p . 4 8 7 ) o n J u ly 2 0 .
Gulfport, Harrison County, Miss.— Bond Sale.— O n S e p t . 7
th e $ 5 0 ,0 0 0 5 % w a te r -w o r k s b o n d s m e n tio n e d in V . 8 8 , p .
1 5 1 2 , w ere a w a r d e d to th e U n io n S a v in g s B a n k & T r u s t C o.
o f C in c in n a ti a t 1 0 1 .0 2 .
D enom ination $500.
tu r ity S ep t. 7 1929.
D ate Sept. 7 1909.
In te re s t sem i-annual.
Ma
Halifax County (P. O. Halifax), N. C.— Bond Sale.— T h e
$ 4 0 ,0 0 0 6 % c o u p o n c o u r t-h o u s e b o n d s , b id fo r w h ic h w ere
r e je c te d o n A u g . 1 (V . 8 9 , p . 4 2 6 ) ,h a v e b e e n a w a r d e d to th e
S e c u r ity T r u s t C o. o f S p a r ta n b u r g , S o , C aro.
Harris County Drainage District No. 2, Tex.— Bond Sale.
— W e a re in fo r m ed th a t th e $ 2 0 0 ,0 0 0 5% 2 0 -y e a r (a v e r a g e )
b o n d s r e g iste r e d b y th e S t a t e C o m p tro ller o n J u ly 22 (V . 8 9 ,
p . 3 0 2 ) h a v e b e e n so ld to S p itz e r & C o. o f T o le d o .
Harrisburg School District (P. G. Harrisburg), Dauphin
County, Pa. — Bond Offering.— P r o p o sa ls w ill b e r ec eiv e d
until 7:30 p . m . S e p t . 3 0 b y D . D . H a m m e lb a u g h , S e c r e ta r y
o f S c h o o l B o a r d , fo r $ 5 6 ,0 0 0 4 %
bon d s.
c o u p o n s c h o o l-b u ild in g
A u th o rity Section 2, Act of April 20 1874. D enom ination 51,000.
D ate O ct. 1 1909. In te re st sem i-annually a t th e C ity T rea su re r’s office.
M atu rity on O ct. 1 as follows: $6,000 in 1914 a n d $2,000 yearly from 1915
to 1039 Inclusive. B onds arc ex em p t from all S ta te taxes. Certified
cheek for 2 % of am o u n t bid, payable to C ity T reasu rer, is req u ired .
Hawkins County (P. O. Rogersvillo), Tenn.—Bond Sale .—
O n S e p t . 17 t h e $ 4 0 ,0 0 0 5% b o n d s d e sc r ib e d in V . 8 9 , p .
6 7 9 , w e re a w a r d e d to th e H a rris T r u s t & S a v in g s B a n k o f
C h ic a g o . M a tu r ity p a rt y e a r ly fro m 193 7 to 19 5 0 in c lu s iv e .
A u th o rity R oad Laws of 1905. D enom ination $634. D ate A ug. 4 1909.
In te re s t on May 15 and N ov. 15 in M adison. M atu rity $634 each six
m onths from May 15 1910 to N ov. 15 1929.
Johnstown, Cambria County, Pa.— Bonds Not Sold.— U p
to S e p t . 21 no a w a r d h a d y e t b e e n m a d e o f th e $ 3 0 ,0 0 0 4%
c o u p o n o v e r h e a d b r id g e b o n d s o ffered o n S e p t . 2 a n d d e
sc r ib ed in V . 8 9 , p . 4 2 6 .
Kanawha County (P. O. Charleston), W. Va.— Bond Elec
tion.— A n
e le c tio n w ill b e h e ld O c t. 30 to a llo w th e v o t e r s to
d e te r m in e w h e th e r or n o t $ 1 8 0 ,0 0 0 ro a d b o n d s s h a ll b e
issu e d a s fo llo w s: $ 1 3 5 ,0 0 0 b y th e C h a r le sto n D is tr ic t,
$ 3 0 ,0 0 0 b y th e U n io n D istr ic t a n d $ 1 5 ,0 0 0 b y t h e P o c a
D is tr ic t.
Kansas City, Wyandotte County, Kans.—Bond Sale.—
O n S e p t . 21 th e $ 4 0 0 ,0 0 0 4j/o% 3 0 -y e a r w a te r -w o r k s -e x te n
s io n b o n d s d e sc r ib e d in V . 8 9 , p . 7 3 9 , w ere a w a r d e d , it is
s t a t e d , to th e T r o w b r id g e & N iv e r C o. o f C h icago a t 1 0 3 .8 7 5
— a b a s is o f a b o u t 4 .2 7 % .
Kent, Portage County, Ohio.— Bond Offering.— P r o p o sa ls
w ill b e r e c e iv e d u n til 12 m . S e p t . 28 b y T . A . M cM ah on , V il
la g e C lerk , for $ 2 1 ,0 0 0 5% S o u th W a te r S tr e e t im p r o v e m e n t
bon d s.
A u th o rity Section 95, M unicipal Code. D enom ination $1,000 and
$1 ,100. D ate Sept. 1 1009. In te re st annually a t the Village C lerk’s
office. M atu rity 52,100 yearly on Sept. 1 from 1910 to 1910 inclusive.
B o n d s a re exem pt from ta x . C ertliled check for $500, payable to the
V illage Clerk, is required. P u rch aser to furnish blank bonds free of charge
an d p ay accrued in terest.
K n o x v ille , T e n n .— Bond Sale.— T h e T h ird N a t io n a l B a n k
o f K n o x v ille p u r c h a s e d $ 1 6 5 ,0 0 0 6% 1 -3 -y e a r (se r ia l) b o n d s
on S e p t . 3 a t p a r a n d a c c r u e d in te r e s t. T h e s e s e c u r itie s
a re issu e d to p a y th e c i t y ’s p o r tio n o f p a v in g fo r 1909.
D e
n o m in a tio n $ 1 ,0 0 0 .
D a t e S e p t . 1 190 9 .
I n te r e s t s e m i
a n n u a l.
Krum Independent School District (P. O. Krum), Denton
County, Tex.— Bonds Registered.— O n S e p t . 17 th e S t a t e
C o m p tro ller r eg iste re d $10,000 5% 5-20-ycar (o p tio n a l)
bon d s.
Lamar School District (?. O. Lamar), Darlington County,
So. Caro.— B o n d s V o te d . — O f a t o t a l o f 50 v o t e s c a s t a t a n
e le c tio n h eld S e p t . 14, r ep o rts s t a t e th a t o n ly 4 w ere a g a in s t
th e issu a n c e o f $ 5 ,5 0 0 s c h o o l-b u ild in g b o n d s .
Lavonia, Franklin County, Ga.— B o n d s
V o te d . — A p r o p o
sitio n to issu e $ 5 ,0 0 0 5% sc h o o l b o n d s carried b y a v o t e
o f 15.3 to 4 a t a n e le c tio n h e ld S e p t . 4 . I n te r e s t se m i-a n n u a l.
M a tu r ity p a r t y e a r ly from 1920 to 1929 in c lu s iv e . T h e se
b o n d s w ill b e o ffered for sa le a b o u t O c t. 1.
Leakesville , Greene County , M iss .— B o n d S a l e . — O n S e p t . 7
C. II . C offin o f C h ica go p u rc h a sed th e $ 7 ,0 0 0 6% co u p o n
sc h o o l b o n d s d e sc r ib ed in V . 8 9 , p . 6 1 3 .
H e p a id $ 7 ,0 3 6
( 1 0 0 .5 1 4 ) a n d a c cr u e d in te r e s t.
M a tu r ity $ 1 0 0 y e a r ly from
1910 to 1928 in c lu s iv e a n d $ 5 ,1 0 0 in 192 9 .
Medford, Jackson County, Ore.— B o n d O f f e r in g . — P ro
p o s a ls w ill b e r e c e iv e d u n til 6 p . m . S e p t . 30 b y R o b t . W .
T e lfe r , C ity R e co r d e r , for $ 5 4 ,2 5 0 6% im p r o v e m e n t b o n d s .
,, M atu rity 10 years. Certified check for
th e C ity of M edford, Is required.
5%
of a m o u n t bid. payable to
Millersburg, Holmes County, Ohio.— - B o n d S a l e . — T h e
J . & G . A d a m s B a n k of M illersb u rg is r ep o rte d a s h a v in g
p u r c h a s e d o n S e p t . 2 3 2 ,5 0 2 4 % 1 -9 -y e a r (se ria l) s tr e e tim p r o v e m e n t a s s e s s m e n t b o n d s a t p a r.
D enom ination $278. D ate " d a y of sale ."
th e V illage T re a su re r’s office.
In te re s t sem l-annuallyfl ■
Mission Ridge Taxing District (P. O. Chattanooga), Tenn.
B o n d S a l e . — In s p e a k in g o f t h e $ 2 5 ,0 0 0 6% c o u p o n w a te r
w o rk s b o n d s o ffered b u t n o t s o ld o n J u ly 17 (V . 8 9 , p . 4 8 9 ),
th e D is t r ic t S e c r e ta r y s t a t e s t h a t a c o n tr a c t h a v in g b e e n
Leon County Common School District No. 2, Tex.— e n te r e d in to w ith th e C ity W a te r C o. to in s ta ll a n d o p e r a te
B o n d s R e g is te r e d . — A n is s u e o f $ 1 ,6 0 0
5% 5 -1 6 -y e a r (o p
tio n a l) b o n d s w a s r e g iste r e d o n S e p t . 17 b y th e S t a t e C om p
tro ller.
Lewisville Independent School District (P. O. Lewisville),
Denton County, Tex. — B i d s R e je c te d . — T h e S e c re ta ry o f th e
B o a rd o f E d u c a tio n in fo r m s u s t h a t all b id s r ec eiv e d on
S e p t. 4 for th e $ 7 ,0 0 0 5% 5 -3 0 -y e a r (o p tio n a l) c o u p o n s c h o o l
b u ild in g b o n d s d e sc r ib ed in V . 8 9 , p . 4 8 8 , w ere r e je c te d .
Llano County Common School District No. 17, Tex.—
B o n d s R e g is te r e d . — A n issu e o f $ 2 ,5 0 0 5% 5 -1 6 -y e a r (o p tio n a l
b o n d s w a s r e g iste r e d b y th e S t a t e C o m p tro ller on S e p t. 17.
London, Madison County, Ohio.— B o n d O f f e r in g . — P ro
p o s a ls w ere a sk e d for u n til 12 m . y e s t e r d a y (S e p t. 24) b y
J o h n W . B y e r s , V illa g e C lerk , for $ 7 ,0 0 0 4 % c o u p o n se w e r
b on d s.
A u th o rity , Sections 2835, 2835a, 2830 a n d 2837, Revised S ta tu te s.
D enom ination $500. D ate S ep t. 24 1909. In te re s t sem i-annually a t the
Village T reasu rer's office. M atu rity on M arch 1 as follows: S500 In each
of the years 1911, 1913, 1915 and $500 yearly from 1917 to 1927 Inclusive.
Bonds are exem pt from taxes. P u rch aser to pay accrued Interest. The
result of this ofTcrlng was no t know n to us a t the ho u r of going to press.
Los Angeles City High School District, L 0 3 Angeles
County, Cal.— Bonds Not Sold.— T h e $ 4 8 0 ,0 0 0 4% 1 -4 0 -y ea r
(se ria l) g o ld sc h o o l b o n d s o ffered o n S e p t . 1 3 , a n d d e sc r ib ed
in V . 8 9 , p . 6 1 4 , fa ile d to a t t r a c t a n y b id d e r s.
Los Angeles City School District, Los Angeles County,
Cal.— Bonds Not Sold.— N o b id s w ere r e c e iv e d o n S e p t . 13
for th e $ 2 4 0 ,0 0 0 4 % 1 -4 0 -y e a r (se ria l) g o ld sc h o o l b o n d s
d e sc r ib e d in V . 8 9 , p . 6 1 3 .
Lowell, Middlesex County, Mass.—Bond Offering.— P ro
p o s a ls w ill b e r e c e iv e d u n til 12 m . S e p t . 28 b y Andrew G .
S t ile s , C ity T r ea su r er , fo r $ 5 0 ,0 0 0 4% c o u p o n m u n ic ip a l
bon ds.
D enom ination $1,000. D ate Sept. 1 1909. In te re st sem t-annually a t
the C ity T ru st Co. In Boston. M atu rity $5,000 yearly on Sept. 1 from
1910 to 1919 inclusive. Bonds are ex em p t from taxes In M assachusetts.
T hey will be certified ns to th eir genuineness by the C ity T ru st Co. of
Boston, which will fu rth e r certify th a t th e legality of th e Issue has been
approved by S to rey , T h orndike, Palm er & T h a y e r of B oston, a copy of
whose opinion will be furnished to th e p urchaser w ith o u t charge. Bonds
will be read y for delivery a b o u t O ct. 1. P u rch aser to p ay accrued in terest.
Lucasville, Scioto County, Ohio.— Bonds Voted.— A c co r d
in g to r ep o rts, a p r o p o s itio n to issu e $ 5 ,0 0 0 sc h o o l-h o u s e
b o n d s w a s fa v o r a b ly v o t e d u p o n S e p t . 13.
a p la n t, it w a s fo u n d n e c e s sa r y to issu e o n ly $ 1 5 ,0 0 0 b o n d s .
T h e se w e re p la c e d w ith th e H a m ilto n N a t io n a l B a n k o f
C h a tta n o o g a .
Modesto School District, Stanislaus County, Cal.—Road
S a l e . — A c c o r d in g to r e p o r ts, B a rro ll & C o. o f L o s A n g ele s
h a v e^ p u rch a sed
$ 1 0 ,0 0 0
5%
2 4 K -y ea r
(a v e r a g e )
Monroe County (P. O. Madisonville), Tenn .—
bonds
B o n d s V o te d .
— E a r ly r e tu r n s in d ic a te th a t a n e le c tio n h e ld S e p t . 15 re
s u lte d in fa v o r o f a p r o p o s itio n to is s u e ro a d b o n d s .
Montevideo, Chippewa County, Minn.—
B o n d O f f e r i n g .—
P r o p o sa ls w ill b e r e c e iv e d u n til 8 p . m . t o - d a y ( S e p t . 2 5 ) b y
J . M. S e v e r c n s , C ity C lerk , fo r $ 1 2 ,0 0 0 5% c o u p o n w a te r
w o rk s b o n d s .
A u th o rity , C h ap ter 10, R evised Laws of 1905, as am en d ed , an d Section 6
of C napter 8 of the C ity C harter. D enom ination $1,000. D ate O ct 1
1909. In te re st an n u ally or sem i-annually, a t the p u rch aser’s op tio n . M a
tu rity $0,000 on O ct. 1 In each of the years 1920 a nd 1925. C ertified
cneck for $240, payable to the City T reasurer, Is required.
M o r g a n t o w n , W. Va .— B o n d E le c t io n . — A n e le c tio n w ill b e
h e ld O c t. 2 , it is s t a t e d , to v o t e o n p r o p o s itio n s to issu e
$ 2 0 ,0 0 0 n e w c it y - h a ll a n d $ 1 5 ,0 0 0 se w e r b o n d s
Nashville, Tenn .— B o n d E le c t io n . — T h e p r o p o s itio n to issu e
th e $ 5 0 0 ,0 0 0 tr u n k -se w e r b o n d s w ill b e s u b m it t e d to a v o t e
of th e p e o p le on O c t. 14.
New Canaan, Fairfield County, Conn.— B o n d s A w a r d e d i n
P a r t — B o n d O f f e r in g . — O f th e $ 1 5 0 ,0 0 0 4 % c o u p o n fu n d in g
b o n d s offered w it h o u t su c c e ss o n J u ly 28 (V . 8 9 , p . 3 6 5 ),
$ 9 5 ,0 0 0 h a v e b e e n s o ld .
P r o p o sa ls for th e r e m a in in g $ 5 5 ,0 0 0
b o n d s w ill b e r e c e iv e d u n til 5 p . in . S e p t . 2 7 .
Newport, Campbell County, K y .— B o n d E le c t io n . — I t is
s t a t e d th a t th e q u e s tio n o f issu in g $ 1 0 0 ,0 0 0 s t r e e t - im p r o v e
m e n t b o n d s w ill b e v o te d u p o n a t th e c o m in g fa ll e le c t io n . .
Nicholasville, Jessamine County, K y .— N o A c t i o n Y e t
T a k e n . — N o a c tio n h a s y e t b een ta k e n lo o k in g to w a r d s th e
issu a n c e o f th e $ 6 0 ,0 0 0 w a te r-w o rk s a n d s e w e r a g e -s y s te m
b o n d s m e n tio n e d in V . 8 9 , p . 3 0 3 .
W e a re in fo r m ed t h a t
th e q u e s tio n o f issu in g th e s a m e w ill n o t b e v o t e d u p o n
b efo re N o v e m b e r .
Nocona Independent School District (P. O. Nocona),
McNeills Township (P. O. Lakeview), Moore County- Montague County, T ex .— B o n d s R e g is te r e d . — B o n d s to th e
No. Caro.— Bonds Not Sold.— A le tte r fr o m th e S e c r e ta r y of a m o u n t o f $ 1 5 ,0 0 0 w e re r eg iste re d b y th e S t a t e C o m p tro ller
th e R o a d C o m m issio n er s r e c e iv e d b y u s o n S e p t. 3 , s t a t e s
th a t n o sa le h a s y e t b e e n m a d e of th e $ 1 5 ,0 0 0 5% 3 0 -y e a r
c o u p o n r o a d -c o n str u c tio n b o n d s m e n tio n e d in V . 8 9 , p . 2 4 2 .
Madison, Dane County, W is. — Bond Sale.— On S e p t . 10
th e $ 6 5 ,0 0 0 4 % 2 0 -y e a r c o u p o n sto r m -w a te r -s e w e r b o n d s
d e sc r ib ed in V . 8 9 , p . 6 1 4 , w ere so ld to th e H a rris T r u st &
S a v in g s B a n k o f C h icago a t p a r a n d a c cr u e d in te r e s t, less
a sm a ll a m o u n t a llo w e d th e m for b la n k b o n d s a n d o th e r e x
p e n s e s . T h e o th e r b id d ers w ere N . W . H a ls e y & C o. a n d
E . II . R o llin s
S o n s, b o th o f C h ica g o .
Manteno, Kankakee County, 111.— Bond Sale.— A n issu e
o f $ 5 ,0 0 0 5% b o n d s w a s s o ld on S e p t . 15 to th e C itiz e n s ’
S t a t e B a n k o f M a n ten o a t p a r .
D e n o m in a tio n $ 5 0 0 .
I n te r
e s t M ay 1. M a tu r ity 19 2 1 .
Maricopa County School District No. 48, Ariz.— Bond Sale.
— O n S e p t . 7 th e $ 5 ,0 0 0 6% 2 0 -y e a r g o ld c o u p o n b u ild in g
b o n d s d e sc r ib e d in V . 8 9 , p . 6 1 4 , w e re a w a r d e d to th e V a lle y
B a n k o f P h o e n ix a t 1 0 4 .4 7 a n d a c cr u e d in te r e s t. T h e fo l
lo w in g b id s w e re r ec eiv e d :
o n S e p t . 16 . T h e y ca rr y 5% in te r e s t a n d m a tu r e in 4 0
y e a r s , b u t a re s u b j e c t to call a fte r 10 y e a r s .
Nottingham, Cuyahoga County, Ohio.—
B o n d O f f e r i n g .—
P ro p o sa ls w ill b e r e c e iv e d u n til 12 m . S e p t . 2 7 b v R a lp h G .
M iller, V illa g e C lerk , for $ 7 ,0 0 0 4>/£% v illa g e -h a ll-b u ild in g
b on d s.
A u th o rity Sections 2835 a nd 2836, Revised S ta tu te s . D enom ination
$o00. D ate April 1 1909. In te re st sem i-annually on J a n . 15 a nd J u ly 15.
M aturity $1,000 yearly on J u ly 15 from 1910 to 1916 inclusive. Certified
check for 10% of bonds bid for, payable to the Village T reasurer, Is re q u ire d .
1 urchascr to p a y accrued in te re st. These bonds were offered w ith o u t
success as 4s (V. 89, p. 427) on Aug. 9.
Oklahoma City, Okla .—
B o n d s to be O ffe r e d S h o r t l y . — W e
a rc in fo r m ed th a t th e $ 1 8 5 ,0 0 0 5 % 2 5 -y e a r s to r m -se w e r
b o n d s a u th o r iz e d a t th e e le c tio n h e ld S e p t . 7 (V . 8 9 , p . 7 4 1 )
w ill b e p la c e d on th e m a r k e t s o m e tim e th is m o n th .
Parker County (P. O. Weatherford), T ex .—
Bonds
D e
A p r o p o s itio n to issu e $ 1 0 0 ,0 0 0 b o n d s w a s d e fe a te d
a t a n e le c tio n h e ld S e p t. 18.
fe a te d .
Paulding, Paulding County, Ohio.— B o n d B afe.— A cco rd
in g to rep o rts, $ 4 1 ,0 0 0 str e e t-im p r o v e m e n t a n d $ 4 ,5 0 0 d e fi
Valley Bank, P h o en ix ___ $5,223 SOICItlzens’ N at. Ilk ., VVo’r.O .$5,153 50
S. A. K ean & Co., C hicago. *5,355 00 f Ucnwell & S teel, D e n v e r.. 5,000 00 c ie n c y b o n d s h a v e b e e n so ld to W e il, R o th & C o. of C in
* Bid did not com ply w ith term s of notice of sale.
Marion County (P. O. Marion), Ohio.— Bond Sale.— I t is
s ta te d t h a t o n S e p t. 18 th e $ 6 ,2 5 0 5% c o u p o n E v e r e t t F re e
T u r n p ik e R o a d b o n d s d e sc r ib ed in V . 8 9 , p . 6 7 9 , w ere so ld to
H a rk n e ss & C o. o f M arion a t 1 0 3 .2 0 .
M a tu rity p a r t e a ch
s ix m o n th s fro m M arch 1 1910 to S e p t . 1 1920 in c lu s iv e .
M a r tin s v ille , H e n r y C o u n ty , V a .—Bond Election.— W e
see it s t a t e d t h a t th e q u e s tio n o f issu in g $ 3 5 ,0 0 0 5% in te r n a lim p r o v e m e n t b o n d s w ill b e s u b m itte d to a v o te o f th e
p e o p le on O ct. 2 .
Mechanicsburg, Cumberland County, P a — B on d Offering.
— P ro p o sa ls w ill b e r e c e iv e d u n til 7 p . m . S e p t . 27 b y S a m u e l
E . B a sc h o r e , S e c r e ta r y o f C o u n cil, for th e fo llo w in g 4 %
b on d s:
$0,000 Street-Im provem ent bonds. D enom inations $500 and $1,000
M aturity J a n . 1 1938, su b jec t to call upon an y In terest-p ay in g d ate
a fte r Ja n . 1 1023.
3,000 bonds. D enom ination $500. M atu rity J a n . 1 1922, su b jec t to
call o« J a n . 1 of a n y y e a r prior to th a t d a te .
c in n a ti for $ 4 6 ,9 1 2 5 0 — th e p rice th u s b e in g 1 0 3 .1 0 4 .
Penfield, Monroe County, N. Y.— B o n d O f f e r i n g . — P ro
p o s a ls w ill b e r e c e iv e d u n til 3 p . m . O ct. 1 b y G eo . G. S ch crm e rh o rn , T o w n C lerk , for $ 1 3 ,0 0 0 g o ld c o u p o n or r eg iste re d
w a t e r - s y s t e m b o n d s a t n o t e x c e e d in g 5% in te r e s t.
D enom ination $866 6G. D ate Nov. 1 1909. In te re s t on Feb 1 and
A ug. 1 a t the M erchants' B ank of R ochester. M aturity $806 06 yearly on
I'cb . 1 from 1914 to 1928, inclusive. Certified check fo r 5% of bonds bid
for, pay ab le to th e Tow n Supervisor, Is required. Bonded debt,Including
this Issue, $30,250. No floating d e b t. Assessed v a luation 1909, SI 448,457.
Perinton School District No. 2, Monroe County, N. Y .__
B o n d s N o t S o l d . — W e are a d v is e d u n d e r d a te o f S e p t. *22
t h a t n o a w a r d h a s y e t b e e n m a d e o f th e $ 2 ,5 0 0 sc h o o l b o n d s
offered o n S e p t. 1 a n d d e sc r ib ed in V . 8 9 , p . 5 5 2 .
Pittsburgh, P a .— B o n d E le c tio n — O r d in a n c e A p p r o v e d b y
C o m m o n C o u n c i l — O n S e p t . 2 0 th e C o m m o n C o u n cil p a s se d
aw o r d in a n c e p r o v id in g for a v o t e a t th e N o v e m b e r e le c tio n
on th e q u e s tio n o f issu in g b o n d s fo r v a r io u s im p r o v e m e n ts
a g g r e g a tin g $ 6 ,7 7 5 ,0 0 0 .
Pottstown, Montgomery County, Pa.—Bond Sale.— On
S e p t . 6 th e $ 1 5 ,0 0 0 4 % s tr e e t-im p r o v e m e n t b o n d s d e
sc r ib e d in V . 8 9 , p . 6 1 5 , w ere a w a r d e d a s fo llo w s: $ 1 4 ,0 0 0
to Ir o n N a tio n a l B a n k of P o tts to w n a t 1 0 0 .2 5 a n d $ 1 ,0 0 0
to M . E . A rm s a t 1 0 1 . M a tu r ity o n S e p t . 1 a s fo llo w s:
$ 3 ,0 0 0 in 1 9 1 9 , $ 5 ,0 0 0 in e a c h of th e y e a r s 1924 a n d 1929
a n d $ 2 ,0 0 0 in 1 9 3 4 .
Red Wing, Goodhue County, Minn.— Bonds Not Sold.— N o
a w a r d w a s m a d e o f th e $ 2 5 ,0 0 0 4 % w a te r -w o r k s-im p r o v e
m e n t b o n d s o ffered (V . 8 9 , p . 4 2 8 ) o n S e p t . 3 .
D enom ination $500.
u re r’s office.
In te re s t on J a n .l a n d Ju ly 1 a t th e City Treas
Rensselaer, Rensselaer County, N. Y —Bond Sale.— On
S e p t . 2 0 th e $ 1 7 ,0 1 7 52 4 Y<f/0 r eg iste re d H a rrison A v e n u e
a n d S e c o n d S t r e e t p a v in g ( c it y ’s p o r tio n ) b o n d s d e sc r ib ed in
V . 8 9 , p . 7 4 1 , w e r e a w a r d e d to N . W . H a rr is & C o. o f N e w
Y o r k C ity a t 1 0 1 .9 1 5 . T h e b id s w e re a s fo llo w s:
N W H arris & C o., N . Y . $17,344 431 R . M. G ra n t & Co., N. Y -$ 1 7 ,291 50
F irst N a t. H ank, C lo v e .-- 17,319 00 W . N. Color & Co., N . Y_ 17,188 20
Geo. M. H ah n , N . Y ____ 17,294 9 0 1
M atu rity on O ct. 1 as follows: $1,017 52 In 1910 a n d $1,000 yearly from
1911 to 1926 Inclusive.
Rocky River, Cuyahoga County,f Ohio.— Bond Offering.—
P r o p o sa ls w ill b e r e c e iv e d u n til 12 m . S e p t. 28 b y R . \V .
B a s s e t t , V illa g e C lerk , for $ 6 ,5 0 0 4 }^ % c o u p o n C en ter R id g e
R o a d im p r o v e m e n t b o n d s .
A u th o rity , Section 2835, Revised S ta tu te s . 'D enom ination $500.
D ate Auer. 1 1909. In te re st on April 1 a n d O ct. 1 a t the R cky R iver
Savings H ank In R ocky R iver. M atu rity $500 yearly on April 1 from 1913
to 1925 Inclusive. Certified check for $200, payable to th e T reasurer, Is
req u ired . A ccrued In terest to be paid by p u rchaser. D elivery of bonds
w ithin 10 days from th e tim e of aw ard. These bonds were olfered w ithout
success as 4s on Aug. 26.
Rogers County (P. O. Claremore), Okla.— No Action Yet
Taken.— W e
Seattle, W ash.—Bond Sales for August.— W e a re in
fo r m e d th a t th e fo llo w in g lo c a l-im p r o v e m e n t b o n d s a g g r e
g a t in g $ 2 1 7 ,0 1 8 97 w ere issu e d b y th is c it y d u rin g th e m o n th
of A u g u st:
$14,856
13,762
15,334
2,037
95,514
75.512
83 7% 5-year cem ent-w alk bonds d a te d Aug. 7 1900.
32 7%
5-year grade and curb bonds d a te d A ug. 191909.
91 7%
5-year grade and curb bonds d a te d A ug. 20 1909.
92 7%
5-year grade and curb bonds d a te d A ug. 201909.
49 7%
10-year paving bonds d a te d A ug. 23 1909.
50 6% 5-year brlck-pavlng bonds d a te d A ug. 24 1909.
Seymour, Iowa. —Bond Sale .— O n S e p t . 21 O tis & H o u g h
of C le v ela n d p u rc h a sed $ 3 5 ,0 0 0 5% 2 0 -y e a r w a te r a n d
se w e r b o n d s a t 1 0 4 .0 2 a n d a c cr u e d in te r e s t— a b a sis of
a b o u t 4 .6 8 8 % . F o llo w in g are th e b id s:
Otis & H ough, C le v ela n d .$36,107 00 Geo. M. B echtel & Co.,
D a v e n p o r t___________ $35,350 00
S. A. K ean & Co., Chicago 35,612 50
F irst N ational B an k .C lev . 35,202 00
(Jlen, Sutherlln & Co.,
C hicago______________ 35,612 50
D enom ination $1,000. D ate O ct. I 1909. In te re s t sem i-annual.
Shawano, Shawano County, W is.— Bond Sale.— On
S e p t . 16 $ 5 ,0 0 0 4 X % im p r o v e m e n t b o n d s w e re a w a r d e d to
A
J . M iller & C o. o f R a c in e a t p a r a n d a c c r u e d in te r e s t.
D enom ination $500. D ate A ug. 20 1909. In te re st a nnually In M arch.
M aturity 10 years, su b ject to call p a rt yearly a fte r 1911.
Sommerville County Common School District.— Bonds
Registered.— T h e
S t a t e C o m p tro ller r eg iste re d a n issu e of
$ 5 5 0 5 % 2 0 -y e a r b o n d s o n S e p t . 17.
Springfield, Clark County, Ohio.— Bond Offering— P ro
p o s a ls w ill b e r e c e iv e d u n til 8 p . m . S e p t . 28 b y W m . II. Ma
h o n e y , C lerk o f C o u n cil, for $ 7 ,5 3 8 5 0 5% c o u p o n se w e r
a ssessm en t b on d s.
D enom ination $1,507 70. D ate A ug. 12 1909. In te re s t sem i-annually
a t the City T rea su re r's office. M aturity $1,507 70 y early from 1910 to
1914, Inclusive. C ertllled check for 5% of the bonds bid for Is required.
P urchaser to pay accrued In terest.
a r e in fo r m ed u n d e r d a te of A u g u s t 31 t h a t
In a d d itio n to th e a b o v e ,[p r o p o sa ls w ill a lso b e r e c e iv e d
n o a c tio n h a s b e e n ta k e n to w a r d c a llin g th e e le c tio n to v o t e
o n th e p r o p o s itio n s to issu e th e $ 1 0 0 ,0 0 0 c o u r t-h o u s e a n d u n til 8 p . m . O c t. 6 b y W m . II . M a h o n e y , C lerk o f C o u n cil,
ja il a n d t h e $ 1 5 0 ,0 0 0 ro a d a n d b r id g e b o n d s m e n tio n e d in for th e fo llo w in g c o u p o n b o n d s:
$1,159 30 5% Clark S tree t sew er assessm ent bonds. D ate Aug. 26 1909.
V . 89, p . 119.
M atu rity one-llfth yearly from 1910 to 1914 Inclusive.
St. Helens, Ore.— Bonds to Be Issued Shortly.— W e are 6,840 35 5% sewer assessm ent bonds. D ate Aug. 26 1909. M aturity
from
to 1914 Inclusive.
a d v is e d u n d e r d a te o f S e p t . 9 t h a t th is c it y e x p e c t s to p u t 22,581 43 \ ' A %one-llfth yearly em en t 1910 ’s portion) bonds. D enom ina
street-im p ro v
(city
a n i s s u e ‘ o f w a te r -w o r k s b o n d s o n th e m a r k e t la te r in th e
tion $1,000, except one bond of $581 43. D ate M arch 1 1909.
M atu rity on M arch 1 as follows: $10,000 In 1931 and $12,
fa ll.
581 43 In 1932.
, ,
, . ^
^
,
2,354 18 4 JJ% stre et-im p ro v e m e n t (city s portion) b onds. D enom ina
St. Louis, Mo.— Bids.— F o llo w in g is a lis t o f th e p r o p o s a ls
tion $1,000, except one bond of $354 18. D ate M arch 1
s u b m it t e d o n S e p t . 17 fo r th e fo u r issu e s of 4 % 2 0 -y e a r g o ld
1909. M atu rity M arch 1 1925.
In te re st sem i-annually a t the C ity T reasurer's office. Ccrtllled check
c o u p o n b o n d s , a g g r e g a tin g $ 4 ,7 0 0 ,0 0 0 , th e a w a r d o f w h ic h
forj5% of bonds bid for Is required.
w a s g iv e n in V . 8 9 , p . 741:
Sumter, Sumter County, So. Caro.— Bond Offering.— P ro
$100,000..$100,000 00
Ladenburg, Thalmann &)
50,000.. 50,050 00 p o s a ls w ill b e r e c e iv e d u n til 12 m . S e p t. 30 b y C. M. H u r s t ,
Co., New York: Wm.
50.000. 50,150 00
.
Title Guar. Trust
Salomon & Co., N. Y.;
50.000. 50,200 00 S e c r e ta r y C o m m issio n er s of P u b lic W o rk s, for $ 5 0 ,0 0 0 5%
.
Althelmer & Rawlings $4,744,706 40 Co., St. Louis.
50.000. 50,300 00 c o u p o n se w e r b o n d s .
.
Investment Co., St.
50.000.
Louis, and G. H.Walker
50.000.
£■ & Co., St. Louis...........
50.000.
Wm. R. Compton Bond &
German Sav. In50,000..
Mtge. Co., St. Louis;
stltutlon. St.L. 1 100,000..
£ Kountze Bros., N. Y.;
J 100,000..
Mercantile Trust Co., 4,730,268 00
£ St.Louis; MississippiVal.
Trust Co., St. L., and E . .
Wernsc & DleckH . Rollins & Sons, Bost.J
St.Louis Un. Tr.Co.,St.L_ 4,727,636 00 man, St. Louis
Francis Bros & Co., St. L . 4.724.096 90
Harris Tr.&Sav.Bk..Chlc_ 4,708,836 00
Francis Bros. &1$100,000. .$101,045 00
Co., St. Louis,| 100,000.. 100,925 00 L. W. Quick___ 200,000..
25,000..
and F. Sm ith-1 200,000.. 201,634 00
25.000.
__
ers &;Co., New | 300,000.. 301,668 00
20.000. .
York)
___ ) 300,000.. 301.209 00 City Nat. Bank,
20,000..
' 25,000.. 25,162 50 St. Louis.........
20,000..
25.000. . 25,212 50
20,000..
August Schladay 150.000. . 151,462 50
20,000..
150.000. . 151,575 00
& Sons.............
200.000. . 202,250 00 Jas. P. Newell &
50.000. . 50,625 00 C o ................... 125,000..
10.000.
German-Amcr.
10.000.
Bank, St L .. 500,000.. 505,500 00
1 10,000..
50,000.. 50,040 00 Albert Stein,
5,000..
50,100 00 New York___ 1
5 0 .0 0 0 .
.
5.000.
50,155 00
5 0 .0 0 0 .
.
5.000.
50,210 00
50 .0 0 0 .
.
5.000.
50,280 00
50.0 0 0 .
.
Whitaker & Co.,
50,335 00 G. II. Walker *1
5 0 .0 0 0 .
.
St. Louis.........
5 0 .0 0 0 .
50,405 00 C o.andtheA lt-1 100.000.
.
5 0 .0 0 0 .
50,460 00 helmer|&Raw, 1 200.000.
.
5 0 .0 0 0 .
50,510 00 lings Invt C o.,| 200.000.
.
5 0 .0 0 0 .
50,585 00 both of St. L ..)
.
.
50,350 00
.
50,400 00
50,380 00
50,345 00
100,520 00
100,350 00
25,344 25
25,313 00
50,563 50
50,501 00
25,219 25
50,376 00
25,156 75
203,400 00
25,250 00
25,281 25
.
20,250 00
20,275 00
20,300 00
20.325 00
20,350 00
w ill b e r e c e iv e d u n til 5 p . m . S e p t . 27 b y W . A . M oores,
C ity R e co r d e r , for th e $ 6 5 ,0 0 0 4 % r e fu n d in g b o n d s v o te d
(V . 8 9 , p . 4 2 8 ) o n A u g . 2 . I n te r e s t se m i-a n n u a lly in S a le m .
Sandstone, Pine County, Minn.— Bond Sale .— T h e S e
c u r ity T r u st C o. o f S t . P a u l, o fferin g p a r , w a s th e su c c e s s fu l
b id d e r o n S e p t . 15 fo r $ 1 2 ,0 0 0 b o n d s o ffered on th a t d a y .
S a n F r a n c is c o , C a l .—Steps Taken to Cancel 3 j^ % Bonds.—
T h is c it y a d v e r tis e d for b id s to b e r e c e iv e d u n til S e p t . 13 for
$ 9 ,0 4 6 ,0 0 0 3 y2% p u b lic im p r o v e m e n t b o n d s . T h e se se c u r i
tie s w e re p r e v io u sly offered w it h o u t su c c e s s a n d th e c it y
fo u n d it n e c essa « y to flo a t a 5% is s u e . S te p s a rc b e in g ta k e n
to c a n c e l th e 3
b o n d s a n d th e y are b e in g a d v e r tis e d , w e
a re in fo r m e d , u n d e r th e te r m s of t h e c it y c h a r ter , w h ic h p ro
v id e s t h a t in o rd er to c a n c e l b o n d s it is n e c e s sa r y to offer
th e m fo r s a le th r e e tim e s a t in te r v a ls o f n o t less th a n o n e
m o n th . I f n o b id s are r e c e iv e d , th e r e fo r e , th e n e x t tim e th e
issu e is o ffered , it w ill b e c a n c e le d .
San Marcos, Hays County, Tex. —Bonds to Be Issued
W e a rc in fo r m ed u n d e r d a te o f S e p t . 9 th a t th e
$ 2 5 ,0 0 0 5 % 1 0 -4 0 -y ea r (o p tio n a l) h ig h -s c h o o l-b u ild in g b o n d s
v o t e d o n A u g . 24 (V . 8 9 , p . 6 1 6 ) w ill b e p la c e d o n th e m a r k e t
in a b o u t th ir ty d a y s .
S c h e n e c t a d y , N. Y. —Certificate Sale .— O n S e p t . 21 th e
$ 1 0 0 0 0 0 c e r tific a te s d e sc r ib ed in V . 8 9 , p . 6 8 1 , w ere a w a r d e d
to B o n d & G o o d w in o f N e w Y o r k C ity a t 1 0 0 .0 1 5 a n d a c
cru ed in t e r e s t £ f o r j 4 j ^ s . M a tu r ity F e b . 21 1 9 1 0 .
Syracuse, N. Y . — Bond Offering.— P ro p o sa ls w ill b e re
c e iv e d u n t il 1 p . m . S e p t . 2 8 b y R . J . S h a n a h a n , C ity C o m p
tr o ller , for th e fo llo w in g 4
r eg iste re d b o n d s:
$17,000 F ranklin Bridge bonds. A u th o rity , C hapters 24 a nd 53, Consoli
d a te d Laws a nd all am endm ents th e re to . D enom ination $200 or
any m ultiple thereof. M atu rity $3,400 yearly on Sept. 1 from
1910 to 1914 Inclusive.
20,000 local-im provem ent bonds. A u th o rity , C hapter 684, Laws of
1005: also C h ap ter 53, Consolidated Laws and a m endm ent th e re to .
D enom ination $500 or a n y m ultiple thereof. M atu rity $4,000
yearly on S ept. 1 from 1910 to 1914 Inclusive.
120,000 local-im provem ent bonds. A u th o rity , C h ap ter 684, Laws of 1905;
also C hapter 53, C onsolidated Laws a nd a m endm ents th e re to .
D enom ination $500 or an y m ultiple thereof. M atu rity $12,000
127,187 50
yearly on Sept. 1 from 1910 to 1919 Inclusive.
. 10,11250
D ate S e p t, l 1909. In te re s t sem i-annually a t th e C olum bia Trust Co.
. 10,12500
10,i37 50 In New Y ork. Bonds are exem pt from ta x a tio n . C ertllled check for 2%
5,081 25 of bonds bid for, payable to the C ity C om ptroller, Is required. Bonds will
.5,09375 be certllled as to th eir genuineness by the C olum bia T ru st Co. of New York
T he legality of the Issue will be exam ined by Caldwell & Reed of
. 5,10000 C ity
. 5,10625 New’ Y ork, whose opinion will be furnished to the purchaser. Bids m ust
be m ade upon blanks supplied by the city. P urchaser to pay accrued
Interest. Bonds ready for delivery O ct. 5 1909.
. 101,387 00
. 202,514 00 Terro Haute, Vigo County, Ind.— Bond Sale.— O n A u g . 26
. 202,254 00
Salem, Marion County, Ore.—Bond Offering.— P ro p o sa ls
Shortly.—
A uthority Sections 2008-23, Civil Code. D enom ination $500 or $1,000.
D ate . Ju ly l 1909. In te re st scm t-annually In S u m ter or In New Y ork, as
desired. M aturity 40 years, su b ject to call a fte r 20 years. Certified check
for $1,000, payable to C. M. H u rst, Is required. Bonded d e b t, Including
this issue, $189 500. F loating d e b t $2,000. Assessed valuation 1909,
$2,700,000.
a n issu e o f $ 7 ,8 2 0 69 6% s t r e e t-im p r o v e m e n t b o n d s w a s
a w a r d e d to th e T erre H a u te S a v in g s B a n k for $ 7 ,8 5 1
( 1 0 0 .3 8 7 ) a n d a c c r u e d in te r e s t.
D enom inations $391 04 a n d $391 03.
Ju n e and Decem ber.
D ate Ju ly 6 1909.
In te re s t In
Thurston County School District No. 13, Neb.— Bond Of
fering.— P ro p o sa ls
w ill b e r ec eiv e d u n til 2 p . m . O ct. I b y
C ecil R . B o u g h n , S e c r e ta r y ( P . O . W a lth ill), for $ 8 ,0 0 9 5 %
s c h o o l-b u ild in g b o n d s .
D enom ination $1,000. In te re s t an n u ally a t the F irst N ational B ank in
W althill. M aturity $1,000 y early, beginning live years from d a te .
Troy, N. Y . — Certificate Sale.— O n S e p t 18 th e M a n u
fa c tu r e r s’ N a tio n a l B a n k o f T r o y p u r c h a s e d $ 1 5 0 ,0 0 0 4 %
c e r tific a te s of in d e b te d n e s s a t p a r .
M a tu r ity N o v . 18 1 9 0 9 .
Tupper Lake, Franklin County, N. Y. — Bond Offering—
P ro p o sa ls w ill be r e c e iv e d u n til 12 m . S e p t . 27 b y J . E .
P o t v in , V illa g e C lerk , for th e fo llo w in g r eg iste re d or c o u p o n
b o n d s:
$5 000 m acadam road bonds. M aturity $500 yearly on O ct. 15 from
’
1914 to 1923 Inclusive.
4 000 road-building m achinery bonds. M aturity $500 yearly on O ct. la
’
from 1914 to 1921 Inclusive.
A u th o rity , election held S ept. 14. 1909. D enom ination $500. In te re s t
(rate not to exceed 5%) sem i-annually a t the T upper Lake N ational Bank.
C ertllled check for 5% of a m o u n t bid, payable to the Vlllago T reasurer, is
required.
Union, Union County, Ore.— Vote.— W c a re a d v is e d t h a t
th e v o t e on th e p r o p o s itio n to issue' th e $ 2 5 ,0 0 0 10 -2 0 -y c a r
(o p tio n a l) lig h t-p la n t b o n d s w h ic h ca rried on A u g . 16 (V . 8 9 ,
p. 5 5 3 ) w a s 131 “ fo r ” to 106 “ a g a in s t .”
I n te r e s t n o t to
exceed 6% .
j&j £&]
Union Township (P. O. Mt. Cory), Hancock County,
Ohio.—Bond Offering.— 'The $ 1 4 ,0 0 0 4 % h ig h -s c h o o l b o n d s
m e n tio n e d in V . 8 9 , p . 3 0 5 , w ill b e so ld a t p u b lic a u c t io n o n
^ A uth o rity ^v o te of 121 to 118 a t election held J u ly 21 1009.
p a rt each y e ar on O ct. 1 from 1911 to 1920 Inclusive.
M atu rity
Utica, N. Y .—Bond. Offering.— P r o p o sa ls w ere a sk e d for
u n til 12 m . y e s t e r d a y (S e p t. 2 4 ) b y F r e d . G . R e u s sw ig , Ci y
C o m p tro ller , fo r th e fo llo w in g 4 % r eg iste re d im p r o v e m e n t
$4°000S'Senaca S tree t bridge. D enom ination $400- 0P a4® , 0 1 9 'inclusive'
In te re s t a n n u al. M atu rity $400 yearly from 1910 to 1919» Inclusive.
7.850 addltlonal-school-land bonds.
™ J„r|VD frorn 1920
1909. In te re s t sem i-annual. M atu rity 5785 yearly irom
20.000 Miller 9 St?1Uschool-enlargem ent bonds. D e n o X 1 *000*yearly
°
D ate Aug. 1 1909. In te re st sem i-annual- M atu rity 51,000 y e a u y
from 1910 to 1929 Inclusive.
^
. . nnn nr
80.000 Second W ard school-building bonds. D e n o m ln ^ lo n 54.000 or
sm aller to su it bu y er. D ate S ep t. 1 1909. In te re st semi an n u al
M a tu rity 54,000 yearly from 1910 to 1929 Inclusive.
t
4,400 addltlonal-school-land bonds. D enom ination s 1,100. Da t ® \ 2
1919. In te re st sem i-annual. M atu rity 51.100 y early Irom iui<s
18.000 sto rm -L w er^co n stru ctlo n bonds. D enom ination | | ’0 0 0 ‘ yearly
S ep t. 1 1909. In te re st sem i-annual. M atu rity 5 1.0 0 0 yearly
from 1912 to 1929 Inclusive.
_
. . .p,.,,-, C o ln
Bonds will be certified as to genuineness b y th e C olum bia ^ u s t cc^ m
New Y ork. P u rch aser to p ay accured In terest. T he resu lt of this onering
was n o t know n to us a t th e h o u r of going to press.
Walker, Cass County, Minn.— Bond Offering.— P r o p o sa ls
w ill b e r e c e iv e d u n t il 8 p . m . S e p t . 2 8 b y E d w a r d L . R o g e r s ,
V illa g e C lerk , fo r $ 6 ,0 0 0 6 % c o u p o n r efu n d in g w a te r b o n d s
A u th o rity Sub-Section 5. Section 784, Laws of 1905
D ate
10
D enom ination 51,000. In te re st sem i-annually In, ^ a lh o r . A ^tu iU y >t10
years. C ertlfted check for 5300, payable to th e Village of W alker
is
required . P u rch aser to furnish his own form of bonds.
..^ n ’
Including th is Issue, 510,000. F lo atin g d e b t, 512.000. Assessed v aluation
for 1909, 5193,443.
Weatherford, Okla.— Bond Sale. — T h is c it y h a s so ld th e
$ 1 0 0 ,0 0 0 w a te r , se w e r a n d c ity -h a ll b o n d s r e c e n tly v o te d
See V . 89, p . 617.
Webb City School District (P. O. Webb City), Jasper
County, Mo.— Bonds Refused. — W o o d in , M cN ea r & M oore
o f C h ica g o h a v e refu sed t o a c c e p t th e $ 9 0 ,0 0 0 4 % h ig h -s c h o o l
b u ild in g a n d s ite -p u r c h a s e b o n d s a w a r d e d th e m o n M arch 5 .
Sec V . 88, p . 7 0 5 .
Weston, Ore.—Bonds Refused— L o c a l p a p e r s r e p o r t th a
M orris B r o s, of P o r tla n d h a v e r e fu s e d to a c c e p t $ 2 5 ,0 0 0
1 5 -y e a r b o n d s r e c e n tly a w a r d e d t h e m .
West Union, Adams County, Ohio.— Bond Sale. — T h e
$ 1 ,5 0 0 4 % s t r e e t a n d s id e w a lk -im p r o v e m e n t b o n d s p ro
p o s a ls fo r w h ic h w e re a d v e r tis e d for u n t il A u g . 2 9 h a v e b e e n
p u r c h a s e d b y th e F ir s t N a t io n a l B a n k o f W e s t U n io n a t p a r
a n d a c c r u e d in t e r e s t . T h e b o n d s m a tu r e $ 1 0 0 y e a r ly o n
M arch 1 fr o m 1911 to 1 9 2 5 in c lu s iv e a n d a re d e sc r ib e d in
V . 89, p. 492.
Wharton, Wharton County, Tex. — Bonds Voted.— A 11 e le c
tio n h e ld S e p t . 17 r e s u lte d in fa v o r o f a p r o p o s itio n to issu e
$ 8 ,0 0 0 5% 1 0 -4 0 -y e a r (o p tio n a l) s t r e e t a n d se w e r b o n d s .
T h e v o t e w a s 56 “ fo r ” to 4 “ a g a i n s t .”
White County (P. O. Monticello), Ind.—Bonds Not Sold .—
N o a w a r d w a s m a d e o n S e p t . 17 o f a n issu e o f $ 8 ,2 0 0 4 ) 4 %
c o u p o n P r in c e to n T o w n s h ip m a c a d a m -r o a d b o n d s o ffered
on th a t d a y .
D enom ination 5410. In te re s t sem i-a n n u ally ta th e W hite C ounty Loan
T ru st & Savings Co. of M onticello. M a tu rity 5410 each six m onths from
May 15 1910 to N ov. 15 1919, Inclusive.
Woodsfield, Monroe County, O hio— Bond Offering —
Washington School District (P. O. Washington), Washing P r o p o sa ls w ill b e r e c e iv e d u n t il 12 m . O c t. 2 b y G eo . P .
ton County, Pa. — Bond Sale .— O n S e p t. 17 N . W . H arris D o r r, V illa g e C lerk , for th e fo llo w in g 5 % a s s e s s m e n t im
& C o. o f N e w Y o r k C ity w ere a w a r d e d $ 5 5 ,0 0 0 4 ) 4 % h ig h
s c h o o l-a n n e x b o n d s a t 1 0 0 .8 4 a n d a c cr u e d in te r e s t.
D enom ination 51,000. D ate S ep t. 1 1909. In te re st sem i-annual.
M atu rity on S ep t. 1 as follows: 52,000 In 1917, 54,000 yearly from 1918
to 1929 Inclusive an d 55,000 ln 1930.
Waterloo, Seneca County, N. Y .—Bond Offering Post
poned.—The
sa le o f th e $ 1 0 0 ,0 0 0 1 -3 0 -y ea r (seria l) g o ld
se w e r b o n d s d e sc r ib e d in V . 8 9 , p . 5 5 4 , w h ic h w a s to h a v e
ta k e n p la c e S e p t. 4 , w a s p r e v e n te d b y litig a tio n ._____________
NEW
LO ANS.
NEW
p r o v e m e n t b o n d s:
51,062 20 M aple A venue bonds. D enom ination 553 11. M atu rity 553£11
each six m onths from M arch 1 1910 to S ept. 1 1919 Inclusive.
3,022 80 C ourt S tre e t bonds. D enom ination 5151 14. M aturity 5151 14
each s ix m on th s from M arch 1 1910 to S ept. 1 1919 inclusive.
A u th o rity S ection 97, M unicipal Code. D ate Sept. 1 1909. In te re st
sem i-annual. C ertllled check for 10% of bonds bid for, payable to Village
T reasurer, Is required. P u rch aser to p a y accrued In terest.
Wooster, Wayne County, Ohio.— Bond Offering— P ro
p o s a ls w ill b e r e c e iv e d u n t il 12 m . S e p t . 27 b y J . B . M in ier,
NEW
LO ANS.
$ 9 0 ,0 0 0
8 4 6 ,0 0 0
Douglas County, Minnesota, City of Tahlequah, Oklahoma
BONDS
N otice Is hereby given th a t th e C ounty Board
of D ouglas C ounty, S tate of M innesota, a t a special
session beginning on S a tu rd a y , th e second d a y of
O ctober, 1909, a t te n o'clock ln th e forenoon,
a t th e office of th e C ounty A uditor In th e C ourt
House In th e C ity of A lexandria, In said county,
will receive a n d consider bids for th e purchase of
the bonds of th e said D ouglas C ounty. S ta te of
M innesota, In th e aggregate sum of forty-six
thousan d dollars, an d negotiate th e sale thereof:
said bonds have been unanim ously v oted an d
shall be Issued by th e said C ounty Board p u rsu an t
to the a u th o rity of, a n d In stric t accordance w ith,
th e provisions of Section 18 of C h ap ter 230 of
th e General Laws of th e S ta te of M innesota for th e
year 1905, a n d Acts a m e n d ato ry thereof, an d sold
to secure funds for defraying Its pro ra ta share
of th e costs an d expenses of locating, estab lish
ing an d c o n stru ctin g th e Judicial D itch No. 2,
located ln Douglas a n d Todd counties; said bonds
to be Issued ln denom inations of one th o u san d
dollars, d a te d on th e 2 nd d ay of O ctober. 1909,
due an d payable on th e 2nd d a y of O ctober, 1910,
and b a r ng n t re t a t a ra te n o t to • xceed
(5) p er centum per a n n u m , payable sem i-annually
on th e first d a y of F eb ru ary an d A ugust, principal
an d In terest payable ln c u rre n t funds a t a n y
agreed ban k In th e U nited S tates.
Said bonds shall be executed In form s to be
provided by th e purchaser thereof, subject to
th e ap p ro v al by th e C ounty A ttorney of said
coun ty , an d th e said c o u n ty shall be security
for th e whole of th e principal a n d Interest therein
provided to be paid.
. ,
„ .... _
A tru e a n d correct s ta te m e n t of th e conintion
of said c o u n ty on th e d a te thereof Is as roiiows:
T otal d e b t. Including th is Issue____ * 12i'o S 2 Sn
Assessed value for 1900, real e s ta te . - 4,588,837 uu
Assessed value for 1909, personal
,,property..................... - - - - - - ______
9 5,0 00
9 12
A ctual value, estim ated by S ta te T ax
„,
Commission _______ ____________13.452,000 00
Water and Sewer Bonds
By v irtu e of a n election held in th e C ity of
T ah leq u ah , O klahom a, on th e 16th d a y of A ugust
1909, th e said city was authorized to issue and
sell n in ety th o u san d dollars (590,000 00) of C ity
of T ah leq u ah bonds, an d sealed proposals for the
purchase of said bonds, Issued for th e purposes
h erein after described, will be received a t th e
M ayor’s office in the City of T ah leq u ah , O kla
hom a, u n til 12:00 o'clock noon of th e 4tli day
of O ctober 1909, and publicly opened by the
M ayor a n d Council of said city a t th e C ity H all
ln said city a t 7:30 p. m . on said d a te .
W ater-w o rk s system purchase
b o n d s______________ , ------- 560,000 00
Public sew ers c onstruction a n d _
purchase of land b o n d s----- 30,000 00
Total
__________________ 590,000 00
Said bonds will be d a te d O ctober 1st. 1909, In
denom ination of one thou san d dollars (51,000 00) ,
payable tw enty-five (25) years a fte r d a te , and
will bear In terest from d a te a t th e ra te of five (5)
n er cen t per a n n u m , Interest p a y ab e semian n u allv on th e 1st (lay of JA N U A ltY and JU L Y
of each y e a r a t th e FISC A L A G ENCY FO R
T H E STA TE O F OK LA H O M A IN N E W Y O RK
C IT Y . A sinking fund provides for th e p a y m e n t
of said bonds a t m a tu rity .
All proposals m ust be sealed, m arked proposals
for bonds, an d directed to P . B. G IL B E R T ,
C I T Y C L E R K , T A H L E Q U A H , O K L A ., and
accom panied by a certified check for five per cent
of th e am o u n t bid as evidence of good faith; said
certified check to be re tu rn e d im m ediately if the
proposal is n o t accepted; otherw ise to be retained
as p a rt of th e purchase money; and th e successful
bidder to p rep are and provide th e form of bond
a n d necessary proceedings for th e Issue an d execu
tlon of said bonds
,
, ,
T he M ayor an d Council reserve th e rig h t to
reject an y and all bids.
D ated this 10th day of S eptem ber 1909.
Pop u latio n , census 1905_________
18,780
HOUSTON B. T E E H E E , Mayor.
Present p opulation, e stim a te d ____
19,300
A tte st
The sale of said bonds shall be public, an d bids
P . B G IL B E R T , C ity Clerk. [Seal.]
m ay be e ith e r open o r sealed, b u t no scaled bids
shall be opened before th e conclusion of all open
bids.
Certlfted ap p ro v ed check for th e sum ofTtwo
hundred fifty dollars (5250), payable to th e T reas
urer of D ouglas C ounty, M innesota, shall be
laced ln th e hands of th e C hairm an of said Board
y each b idder, such check an d th e am o u n t thereof
to be forfeited to said co u n ty In case said bonds
BANKERS
shall be refused on a n y g round, except Illegality,
by th e bid d er to w hom sam e shall be aw ard ed .
T he rig h t to reject a n y o r all bids Is hereby
reserved to said B oard.
D ated th is 3rd d a y of S eptem ber, A. D. 1909.
ST A T E , C IT Y
10. J . B R A N D T,
AND
C o u n ty A uditor, Douglas C ounty, M inn.
Blodget, Merritt & Co.
g
R A IL R O A D B O N D S
OTTO JULIUS MERKEL
It I t O It. E I t
4 4 A N D 411 W A L L H T I tK E T , N E W Y O ItK
IN V E S T M E N T SE C U R IT IE S *
C orrespondence In v ited .
LO ANS.
8 3 0 ,0 0 0
c o n r s r u v G
L ,
-
Boston
30 Pine Street, - New York
y
.
T he B oard of E d ucation of th e Village (now
Cltv) of Corning, New Y ork, will receive an d
open a t 4:30 P . M., O C TO B ER F IF T H , 1909,
bids for th ir ty 51,000 bonds d a te d S eptem ber
first, 1909, principal an d In terest payable a t th e
K nickerbocker T ru st Co. in the City,* of New
Y ork, authorized b y resolution of th e Board
J u ly n in th , 1909. These bonds will b e ar 4%
Interest, payable sem i-annually on the first days
of M arch an d Septem ber ln each year. T w otof
said bonds become due an d payable a n n u ally on
M arch first from 1911 to 1925 Inclusive. Bids
m ust be accom panied w ith a certified cheque,
w hich will be re tu rn e d to unsuccessful bidders,
for 3% of th e p a r value of th e bid. The B oard
reserves th e rig h t to reject an y an d all bids.
By order of th e B oard of E ducation,
’
Corning, N. Y ., S eptem ber 21. 1909.
^
L E IG H R . H U N T , S ecretary.
McCOY & CO M PA N Y
Form erly M aoUonald, MoCoy A Co.
Municipal anJ
Corporation Bonds
181 La Salle Street, - Chicago
FO R REST
CO
BANKERS
Municipal Bonds
421 CHESTNUT ST.,
PH ILA D ELPH IA . PA.
ESTA B LISH ED 1885
H. C. Speer 6c Sons Co.
F ir& t N a t. B a n k lil d g ., C h ic a g o
C IT Y , C O U N T Y
A N D SC H O O L
R O M O S
D W 1 X LJO
Charles M. Smith & Co.
C O R P O R A T IO N A N D
M U N IC IP A L
6o State Street,
iv .
SCHOOL BONDS
BONDS
FIRST NATIONAL BANK BUILDING
GHI0AQO
C ity A u d ito r , fo r th e fo llo w in g c o u p o n se w e r -c o n s tr u c tio n
b on d s.
$7,000 4% (c ity ’s portion) bo n d s, D en o m in atio n $500. M atu rity fifteen
y ears.
2,100 i ' / i % (assessm ent) b o nds. D en o m in atio n $210. M atu rity $210
y early from 1910 to 1910 Inclusive.
A u th o rity , Section 2835, R evised S ta tu te s . D ate O ct. 1 1909. In te re s t
sem i-annually a t th e office of Sinking F u n d T ru stees. I3onds are exem pt
from all tax es. Certified check for 5% of th e bonds bid for, payable to the
C ity tre a su re r, Is req u ired . P u rch a ser to p ay accrued Interest. The as
sessm ent bonds a re su b jec t to re d u c tio n by th e a m o u n t of assessm ents paid
In cash p rio r to th e d a te of sale.
Y a k im a C o u n ty S c h o o l D i s t r i c t N o . 81, W a s h .— Bond
Sale.— On S e p t . 18 th e $ 6 ,0 0 0 5 -2 0 -y e a r (o p tio n a l) c o u p o n
sc h o o l-b u ild in g b o n d s d e sc r ib e d in V . 8 9 , p . 6 1 7 , w e re d is
p o s e d o f to th e S t a t e o f W a s h in g to n a t p ar fo r 5 s . T h e fo l
lo w in g b id s w e r e a lso r e c e iv e d :
F. W . K eeler, D en v er--- a$6,030 0 0 |A . J . H ood & Co., Detro it __________
/,X6 015 00
W m . D. Perkins & Co..
S e a ttle ................................ aG.026 501
............* ’
uo
a F o r 6s.
(i F o rS M s .
S c h o o l D is t r ic t N o . 28, O re.__ Bonds
a n issu e of $ 1 0 ,0 0 0 5% 1 0 -2 0 -y ea r
(o p tio n a l) s c h o o l-h o u s e -a d d itio n b o n d s o ffered o n S e p t. 10
$ 5 ,0 0 0 w e re s o ld to th e O reg o n M erch a n ts' M u tu al F ire
A ssu r a n c e A s s o c ia tio n a t p a r .
A b id a t p ar le s s $ 6 0 for
a t t o r n e y 's fe e s a n d e x p e n s e o f p r in tin g b o n d s w a s a lso
r e c e iv e d fro m M orris B r o s, o f P o r tla n d . T h is offer w a s
r e je c te d .
W e a re in fo r m e d t h a t th e r e m a in in g $ 5 ,0 0 0 b o n d s
w ill b e so ld a t p r iv a te s a le .
D e n o m in a tio n $ 1 ,0 0 0 .
D a te
O c t. 1 1 9 0 9 . I n t e r e s t s e m i-a n n u a l.
Y e llo w S p r in g s , G reen e C o u n ty , O h io .— Bond Sale —
O n S e p t . 15 th e $ 6 ,0 0 0 5 % c o u p o n e le c tr ic -lig h t b o n d s
d e sc r ib e d in V . 8 9 , p . 5 5 4 , w ere a w a r d e d to B a r to , S c o tt &
C o. o f C o lu m b u s a t 1 0 5 .1 1 6 a n d a c cr u e d in t e r e s t . T h e
f o llo w in g b id s w ere r e c e iv e d .
Y a m h ill
C o u n ty
Awarded in Part.— O f
B arto , S c o tt & Co., C olum bus.$6,307 I W ell, R o th & C o C incinnati so oar.
F irst N at B an k , C le v ela n d .. . 6,288 | Seasongood & Mfiyer, S
D avies, U eitram & Co., C inn. 6,287| D ayton Sav.& T r.C o .,D ay to n 6,120
I n d u s V v e S2° ° cac 1 s x m on th s from M arch 1 1911 to S ept. 1 1925
Y u m a C o u n ty ( P . O . Y u m a ), A r i z .—Bond Offering.—
P r o p o sa ls w ill b e r ec eiv e d u n til 10 a . m . S e p t . 80 b y th e
B o a rd o f C o u n ty S u p e r v iso r s, J . M. P o lh a m u s , C lerk , for
$ 5 0 ,0 0 0 5 % g o ld c o u p o n c o u r t-h o u s e a n d ja il b o n d s .
NEW
LO ANS.
$ 2 0 5 ,0 0 0
ATLANTIC CITY, N. J.,
PAVING BONDS.
T h e C ity C om ptroller will receive bids for the
following A tla n tic C ity bonds u n til tw elve o ’clock
noon of
SA T U R D A Y , O C TO B ER 9, 1909,
reserving, how ever, th e rig h t to reject a n y or
all bids, a n d s u b jec t to th e ap p ro v al of C ity
Council.
$205,000 GOLD COUPON PA V IN G BONDS
in d enom inations of $1,000 each , DA’l’ED
JU L Y 1. 1909, M A T U R IN G JU L Y * 1, 1944,
w ith o u t o p tio n , free from ta x , w ith In terest a t
4 H p er c en t, p ay ab le sem i-annually a t the
H A N O V E R N A TIO N A L B A N K , N EW Y O RK
C IT Y .
B ids m ay be for a l l o r a p o r t i o n of th e bonds.
Bids m u st be upon th e form a tta c h e d to circu
la r le tte r of th e C om ptroller, forw arded on a p p li
cation.
T H E L E G A L IT Y O F T H E S E BONDS HAS
B E E N A P P R O V E D BY D IL LO N A H U B B A R D ,
of New Y ork, whoso certificate as to legality will
accom pany th e bonds when delivered, w ith o u t
cost to th e p u rch aser. T h e bonds will be en
graved u n d e r th e supervision of a n d certified as
to th e ir genuineness by T H E COLUM BIA
T R U S T CO M PA N Y , of New Y ork.
D elivery of bonds will be m ade on o r a b o u t
O ctober 15. 1909.
A. M. H E S T O N ,
___
C o m p tr o lle r .
Ti,nrC 9° ^ flVt,tIo£ 51I00?n D atc d a y of issuance. In te re s t J a n . 2 and
^ ii
b o u n ty ire a s u r e r’s office. M atu rity 35 years, su b jec t to
?5J ° 00 yearly a fte r 1928. Did to be m ade on blank furnished
, n , 7 hese bonds were aw arded on Ju n e 30 to th e Thos. J .
V ' 8? ’ 11' 122,u Pon th e advice of the A tto rn e y O eneral, how ever, this aw ard was su bsequently canceled as It was found
h a d a d v e rtl d t00* ^ n 0 t Cffally dIsP °ae of stra ig h t 35-year bonds, as th e y
!
Canada, its Provinces and Municipalities.
Arome Lake School District, Sask.— Debenture Sale.—
A n issu e o f $ 1 ,6 0 0 5% 2 0 -y e a r d e b e n tu r e s w a s so ld la s t
m o n th to H a w k e y , S o m e r v ille < C o. o f I n d ia n H e a d .
k
B a r rie, Ont.—Debenture Offering.— P r o p o sa ls w ill b e re
c e iv e d u n til 2 p . m . O c t. 29 b y E . D o n n e ll, T o w n T r ea su r er ,
for th e fo llo w in g 4 j^ %
d e b e n tu r e s: $ 4 0 ,0 0 0 , $ 2 0 ,0 0 0 ,
$ 1 0 ,0 0 0 a n d $ 3 ,0 0 0 d u e p a r t y e a r ly for 20 y e a r s a n d $ 3 0 ,0 0 0
d u e p a r t y e a r ly fo r 30 y e a r s . I n t e r e s t a n n u a l. T h e s e
d e b e n tu r e s a re g u a r a n te e d b y S im c o e C o u n t y .
Bruce Mines, Ont.—Debenture Sale .— A n issu e o f $ 1 0 ,0 0 0
5% s a w -m ill-lo a n d e b e n tu r e s w a s r e c e n tly b o u g h t b y
B r e n t, N o x o n & C o. o f T o r o n to .
M a tu r ity p a r t y e a r ly for
15 y e a r s .
C a r tie r v ille , Que.—Debenture Sale .— A n issu e o f $ 5 ,0 0 0
5% 3 0 -y c a r d e b e n tu r e s h a s b e e n so ld to S t . C yr, G o n th ie r <
fc
F r ig o n o f M o n trea l.
Coleman School District (P. O. Coleman), Alberta.—
Debenture Sale .— T h e
&
C0 „
INVESTMENT SECURITIES.
O ntario Sec. Co., T o r__ $215,137 00
H ornlbrook& W hlttem ore 214,100 00
Im perial Bk.of C an.,E dm 214,083 00
W o od,G utuly& C o..T or.. 213,850 00
A C C O U N TA N TS.
IN V E S T M E N T S .
HUNT, SALTONSTALL S CO.,
M e m b e rs N e w Y o rk S to c k E x c h a n g e
Investment Securities
OO S T A T E S T R E E T
BO STO N
60
M ONTGOM ERY
State Street,
Certified Public Accountants
(Pennsylvania)
L a n d T itle B uilding
PH IL A D E L PH IA .
C ity I n v e s t i n g llldg., 1 0 3 B r o a d w n y
NEW Y O R K .
Union l ln n k B u i l d i n g
PIT T SB U R G H .
BOSTON.
M U N IC IP A L
BONDS
Tax Exem pt Anywhere In the United States
Write for Particulars
TJLEN, SUTHERLIN & 00.
MUNICIPAL BONDS
SEASON0OOD & MAYER, W. A. MACKENZIE
M U N IC IP A L
AND
R A IL R O A D
BONDS
No. 2 WALL STREET
NEW YORE
A cco u n ta n ts
INVESTMENT BONDS, L Y B R A N D , B R O S &
RO SS
LIST ON APPLICATION
a t k in s
P u b lic
Perry, Coffin & B urr,
C A N A D IA N
W
C e r tifie d
New Y ork, 3 0 Fine S tre e t
M i l w a u k e e , 0 3 3 W elle Bldg
C h ica g o , 1 3 1 3 M onadn ocU Block
K a n s a s City, 1 1 0 0 C o m m e r c e B l d g .
BONDS.
H,
Arthur Young & Co.
(IL L IN O IS)
MUNICIPAL AND RAILROAD
h n
B rent, Noxon & C o., Tor.$213,729 00
J.A .R eid& C o. .L td .,R eg . 213,683 00
G. A. Stlm son & C o . , T or 213,000 00
H anson B ros., M ontreal! 21L105 50
Gravelbourg School District, Sask.— Debenture Sale.—
D u rin g A u g u s t $ 1 ,0 0 0 5 ^ % 1 0 -y e a r d e b e n tu r e s w ere d is
p o s e d o f to H a w k e y , S o m e r v ille & C o. o f I n d ia n H e a d .
617 Fint Nat. Bank Bldg, C H I CABO, ILL.
Jo
w a s r e c e n tly a w a r d e d
for th e $ 2 1 1 ,0 0 0 5% c o u p o n h ig h -s c h o o l-b u ild in g a n d s ite p u r c h a se d e b e n tu r e s a w a r d e d o n t h a t d a y to th e O n ta rio
S e c u r itie s C o. o f T o r o n to a t 1 0 1 .9 6 a n d a c c r u e d in te r e s t
(V . 8 9 , p . 7 4 3 ):
74 BROADWAY, NEW YORK
Mercantile Library Building
CINCINNATI
B ank
Edmonton School District No. 7 (P. O. Edmonton),
Alberta.— Bids .— T h e fo llo w in g b id s w ere r e c e iv e d on S e p t. 9
WE OWN AND OFFER
W EB B
U n io n
$ 1 0 ,0 0 0 d e b e n tu r e s.
Si
CO.,
JAMES
PARK
& CO.
C E R T IFIED PUBLIC ACCOUNTANTS
New York,Chicago, Cincinnati and
London, England.
AUDITORS
FOR
FINANCIAL IN ST IT U
TIONS IND U STR IA L AND
m i n i n g COMPANIES
investigations, Financial Statem ents.
Periodical Audits and Accounting
ALFRED ROSE & C0 .t
CERTIFIED PUBLIC ACCOUNTANTS
56 Pine Street, - N E W YORK
_____________ Toloplionn 4201 John.
LOOMIS, CON ANT & CO.
TORONTO, CANADA
CERTIFIED PUBLIC ACCOUNTANT?
BLACKSTAFF
&
CO.
IN V E S T M E N T S
30 U ro a d s tr e e t, N ew Y o rk
___________ T el. 4 9 5 - Bread.
GEO
8. E D W A R D S
1332 Walnut Street
PHILADELPHIA
BROKER AND COMMERCIALSGEN1
LIST OF SPECIALTIES ON REQUEST
Tribune B uilding, 154 N aasau Street
Telephone 4218 B eckm an
NEW YORK. N. V
N e g o tia tio n s , I n v e s t ig a t io n s , R e p o r ts,
U n ite d S t a t e s , C a n a d a , or F o reig n
Haileybury, Ont.— Debentures Defeated.— T h e p r o p o s itio n s
to issu e th e $ 3 0 ,0 0 0 ro a d a n d $ 2 5 ,0 0 0 to w n -h a ll 5% 2 0 -y e a r
d e b e n tu r e s m e n tio n e d in V . 8 9 , p . 0 1 8 , w ere d e fe a te d a t th e
e le c tio n h e ld S e p t . 1 3.
Hamilton, Ont.— Debenture Offering.— P ro p o sa l w ill b e
r e c e iv e d u n til 12 in . O c t. 7 b y S . I I . K e n t, C ity C lerk, for
$ 6 0 ,0 0 0 p u b lic sc h o o l a n d $ 2 0 ,0 0 0 te c h n ic a l sc h o o l 4% d e
b e n tu r e s . I n te r e s t se m i-a n n u a l.
M a tu r ity 20 y e a rs.
Holden, Alberta.— Debenture Sale.— D e b e n tu r e s to th e
a m o u n t o f $ 2 ,0 0 0 w ere r e c e n tly a w a r d e d to J . A d d iso n R eid
& C o ., L t d ., o f R e g in a .
London, Ont.— Debenture Offeringi— P ro p o sa ls w ill bo
r e c e iv e d u n til 4 p . in . O c t. 1 b y J a m e s S . B e ll, C ity T r ea s
u rer, fo r t h e fo llo w in g 3 0 -y e a r d e b e n tu r e s: $ 3 0 ,5 0 0 4%
p u b lic -s c h o o l d e b e n tu r e s, $ 7 ,0 0 0 4% w a te r-w o rk s d e b e n
tu r e s, $ 1 2 3 ,7 0 0 4% w a te r -w o r k s d e b e n tu r e s , $ 5 ,0 0 0 4%
h o s p ita l-la u n d r y d e b e n tu r e s a n d $ 5 ,0 0 0 434% c o n s u m p tiv e h o s p ita l d e b e n tu r e s . I n te r e s t se m i-a n n u a l. C ertified c h e ck
for $ 1 ,0 0 0 is r eq u ire d .
Manor, Man.— Debenture Offering.— P r o p o sa ls w ill b e
r e c e iv e d for $ 3 ,0 0 0 5 % d e b e n tu r e s.
M a tu r ity p a r t y e a r ly
fo r 15 y e a r s . E . N . M a ltb y is S e c re ta ry -T r ea su r er .
Murray School District, Sask.— Debenture Sale.— T h is
d is tr ic t d isp o se d o f $ 8 0 0 5}4% 1 0 -y ea r d e b e n tu r e s la s t m o n th
to H a w k e y , S o m e r v ille & C o. o f In d ia n H e a d .
Nepigon Township, Ont.— Debenture Election.— T h e q u e s
tio n o f issu in g $ 3 ,0 0 0 6% 1 0 -y c a r w a te r -w o r k s a n d sew er
d e b e n tu r e s w ill b e v o te d u p o n O ct. 6.
Niagara Falls, Ont.— Debenture Sale.— O n A u g . 20 tw o
is s u e s o f 5% b o n d s , a g g r e g a tin g $ 3 1 ,6 7 8 , w ere a w a r d e d
to A . E . A m e s & C o. o f T o r o n to for $ 3 2 ,6 5 7 , th e p rice th u s
b e in g 1 0 3 .0 9 .
D ate Aug. 1 1900. In te re st an n u al.
from 1910 to 1920 Inclusive.
M atu rity p a rt yearly on Aug. 1
Ontario.— Loan Awarded in Part.— U p to S e p t . 17 $ 4 7 6 ,0 0 0
m ore o f th e $ 3 ,5 0 0 ,0 0 0 4 % 3 0 -y e a r C o n so lid a te d R e v e n u e
F u n d L o a n h a d b e e n su b s c r ib e d for a t 102 a n d a c cr u e d
in te r e s t. T h is m a k e s a to ta l o f $ 1 ,9 4 0 ,0 0 0 su b s c r ib e d for
to d a te . S ee V . 8 9 , p . 3 6 9 .
Oxbow, Sask.— Debenture Sale.— N a y < J a m e s o f R e g in a
k
r e c e n tly p u r c h a s e d $ 4 ,0 0 0 6% 2 0 -y e a r d e b e n tu r e s.
Debenture Election.— A n e le c tio n w ill b e h e ld to -d a y
(S e p t. 2 5 ) to v o t e o n th e q u e s tio n o f issu in g $ 2 ,0 0 0 6%
2 0 -y e a r p a r k -im p r o v e m e n t d e b e n tu r e s.
I Peachland, B . C.— Debenture Sale.— W o o d , G u n d y & C o.
?
A oron to w ere th e su c c e ssfu l b id d e rs o n S e p t . 16 for th e
j fo u r issu e s o f 5% c o u p o n d e b e n tu r e s a g g r e g a tin g $ 2 0 ,8 0 0 ,
| d e sc r ib ed in V . 8 9 , p . 6 8 3 .
M a tu r ity p a r t y e a r ly for 20 y e a r s .
| Peterboro, Ont.— Debentures Not Sold.— N o s a le h a s y e t
i b<‘C i m a d e o f $ 9 1 ,5 0 0 d e b e n tu r e s , p r o p o s a ls for w h ic h w ere
M
a s k e d u n til A u g u s t 2 7 .
St. Romuald d’ Etchemin, Que.—Debenture Sale.—11. J .
rna/U?,nto 11 & Co- o f T o r o n to Aiave p u r c h a s e d t h e $ 5 5 ,0 0 0
5% 3 0 -y e a r w a te r -w o rk s d e b e n tu r e s v o t e d o n F e b . 15.
D enom ination $1,000. In te re s t April 1 a nd O ct 1 a t th e Q neher Rnnir
in S t. R om uald. T otal bonded d e b t, including this Issue S 70 ooo As
sessed valu atio n of personal p ro p e rty ’ an d r e ! K ^
Vera School District, Sask.— Debenture Sale.— D e b e n tu r e s
a m o u n tin g to $ 1 ,4 0 0 w ere s o ld la s t m o n th t o H a w k e y ,
(?<
?'3333rY1 }e
C o. o f I n d ia n H e a d . T h e d e b e n tu r e s carry
5 M % in te r e s t a n d m a tu r e in 10 y e a r s .
e i T n n ^ / 1 Sask .—Debenture Election.— P r o p o s itio n s to issu e
$ 1 ,6 0 0 2 0 -y e a r to w n -h a ll a n d $ 1 ,0 0 0 1 0 -y e a r sid e w a lk 6%
d e b e n tu r e s w ill b e s u b m itte d to a v o t e o f th e p e o p le on
S e p t. 2 9 .
* *
Westmount, Que.—Debentures Not Sold.— U p to S e p t . 22
no sa le h a d y e t b e e n m a d e o f th e $ 4 3 5 ,0 0 0 4 % 4 4 -y e a r c o u p o n
d e b e n tu r e s o ffered o n S e p t. 1 a n d d e sc r ib ed in V . 89 p . 1 8 5 .
W in n ip e g , M a n .— Debenture Election.— A $ 6 0 0 ,0 0 0 sc h o o l
d e b e n tu r e e le c tio n w ill b e h eld S e p t. 30 .
Sask.— Debenture Offering.— F u r th e r d e a tils
a t h a n d r e la tiv e to th e o fferin g o n O c to b e r 4 o f th e
$ 3 5 ’0 'M w a te r -w o r k s -e x te n s io n , $ 2 0 ,0 0 0 se w e r -e x te n s io n
a n d $ 2 0 ,0 0 0 c e m e n t-s id e w a lk
5 % c o u p o n d e b e n tu r e s ,
m e n tio n e d in V . 8 9 p . 7 4 4 . P r o p o sa ls w ill b e r e c e iv e d u n til
8 p . m . o n t h a t d a y (O c t. 4) b y R . H . L o c k , S e c r e ta r y T rea su r er .
J
Yorkton,
A uthority By-laws a n d C hapter 34, Acts of 1906
D ate Sent 1
w ^ te ^ M d ^ ^ e r ^ d e b e n tii^ Y ^ r ^ ^ ,I3rltIsh N orth America In Y o r^ o n .
w alk debentm es arc
f du? Pa r t yearly for 30 years a nd the
ta i ps J 181
v? t
?,33Pm froi? a x es- D ebenture d e b t, including
$ L 3 0 7 ,0 7 3 . l A 4 7
F lo a tin g J d e b t $12,600. Assessed v a luation
M IS C E L L A N E O U S .
M IS C E L L A N E O U S .
OFFICE OF THE
N A T IO N A L L IG H T ,
H E A T & P O W E R CO.
ATLANTIC MUTUAL INSURANCE COMPANY.
New Y ork, Ja n u a ry 21st, 1909.
T h e T r u s te e s , i n c o n fo r m ity w ith th e C h a r te r o f th e C o m p a n y , s u b m it th e fo llo w in g s ta te m e n to f its a f fa i r s
o n t h e 31sf o f D e c e m b e r , 1908.
T o tal M arine Prem iu m s_____________________________________________________________ $4,031,196 25 !
Prem ium s m arked oil from 1st J a n u a ry , 1908, to 31st D ecem ber, 1908--------------------------$3,333,483 55
In te re st received d uring th e y e ar__________________________$307,823 39
R e n t less Taxes an d E xpenses____________________________ 142,032 22
GUARANTEED
BO NDS
j
Prem ium s on M arine R isks from 1st J a n u a ry . 1908, to 31st Decem ber, 1908__________ $3,307,807 24
Prem ium s on Policies n o t m arked oil 1st Ja n u a ry , 1908---------------------------------------------743,389 01 j
Less Salvages---------------------------------- $279,988 33
R e-Insurances___________ ______ ____ 199,555 37
BA N K ER S
P in o S ir e d ,
479,543 70
A.
B. Leach & Go
$344,266 8£
L IA B IL IT IE S .
A ggregating....................................... $11,060,101 05
A dividend of Interest of Six per cen t on the o u tstan d in g certificates of profits will be paid to the
holders thereof, or th eir legal rep resen tativ es, on a n d afte r Tuesday th e second of February next.
Tho o u tstan d in g certificates of th e Issue of 1903 will be redeem ed and paid to th e holders thereof,
or th eir legal representatives, on and afte r T uesday th e second of February n e x t, from w hich d a te all
Interest thereon will cease. T he certificates to he produced a t the tim e of p aym ent and canceled.
A dividend of Forty p er cen t is declared on th e n e t earned prem ium s of the C om pany for the year
ending 31st Decem ber, 1003, for w hich, upon application, certificates will be Issued on and after
Tuesday tho fourth of Alay n e x t.
By order of the Board,
Q. STANTON FLOYD-JONES. Secretary.
TRU STEES.
GUSTAV AM SINCK,
FR A N C IS M. UACON.
JO H N N . BEA CH ,
W ILL IA M IL B O ULTO N .
V E R N O N II. B RO W N ,
W A LD R O N P . I1ROWN,
JO H N C L A FL IN ,
G E O R G E O. C LA R K ,
C L E V E LA N D H . D O D G E,
C O R N E L IU S E L D E R T ,
R IC H A R D II. E W A R T
H E R B E R T L. G R IG G S,
C LE M E N T A . GRISCOM,
ANSON W . H A R D .
L E W IS CASS L E D Y A R D ,
FR A N C IS H . LE G G E T T ,
C H A R L E S D . L E V E R IC II,
L E A N D E R N . LO V ELL,
G EO R G E II . MACY,
C H A R L ES H . M AR SH A LL,
W . II. II. M OO RE,
BANKERS,
$51,930 45
U nited S tates & S tate of New York
E stim ated Losses and Losses U n
Stock, C ity, B ank a n d o th er Sesettled ................................................ $2,310,433 00
c u rltlc s _______________$5,442,792
00 Prem ium s on U n tc n n ln a ted R isks.
717,712 70
Special deposits In Hanks ATrustCos.
800,000 00 C ertificates of Profits and In te re st
U npaid ______________________
R eal E sta te cor. W all & W llllamSts.,
260,822 35
R etu rn Prem ium s U n p a id ________
& E xchange P la c e .$4,299,426 04
121,473 65
C ertificates of Profits O rdered R e
O ther R eal E s ta te &
deem ed, W ithheld for U npaid
claims due th e com
P r e m iu m s ____________________
pany ..........................
75,000 00 4,374,420 04
22,339 35
C ertificates of Profits O u tstan d
in g ....................................................
Prem ium notes and Hills R eceivable 1,377,905 06
7,363,410 00
Real E s ta te R eserve F u n d ____
Cash In tho hands of European
270,000 00
Hankers to p ay losses un d er poli
cies payable In foreign c o u n tries.
399,031 95
Cash In H ank___________
429,950
18
A ggregating.......................................$12,824,105 23
IV cw Y o r k
$449,855 61
$1,215,933 98
R eturns of Prem iu m s...................................................................................................
Expenses, Including officers’ salaries and clerks’ com pensation, statio n ery,
new spapers, advertisem ents, e tc ...................— _________ ______________
,
A,! ,,,U M
A. H . Bickm ore & C o.,
Losses paid during th e y ear which were estim ated In 1907
and previous y ears------- ------------------------------------------------ $420,655 46
Losses occurred, estim ated and paid In 1908_______________1,274,822 22 $1,695,477 68
A SSE TS.
1909
1 The
sidethese
1990
N IC H O LA S F . PA L M E R ,
H E N R Y P A R IS H ,
D A LLAS II. PR A T T ,
G EO R G E W . Q U IN T A R D ,
A . A. R A V E N ,
JO H N L. R IK E R ,
DOUGLAS R O B IN SO N .
GUSTAV II. SC H W A B .
W IL L IA M SI-O A N E,
ISAAC S T E R N ,
W IL L IA M A . S T R E E T .
A. A. R A V E N , P r e s i d e n t .
C O R N E L IU S E L D E R T , V i c e - P r e s i d e n t .
SA N FO R D E . COBB, 2d V i c e - P r e s i d e n t .
C H A R L E S E . FA Y , 3d V i c e - P r e s i d e n t .
JO H N H . JO N E S S T E W A R T , 4 t h V i c e - P r e s i d e n t .
149 B r o a d w a y , N E W Y O R K
140 D e a r b o r n S t., U iaiC A fiO
28 S ta te S t., B O STO N
421 C h e s t n u t S t., P H I L A D E L P H I A
MUNICIPAL
C 4%
RAILROAD
) to R O M P E R
CORPORATION ( 6%
Selected for Conservative Investors.
Lists Mailed Upon Application.
Lawrence Barnum & Co.
BANKERS.
27-29 P I N E S T R E E T , N E W Y O RK
P hiladelphia
W ashington
P ittsb u rg h
R. T. Wilson & Co.
B ank ers
&
C o m m iss io n M er ch a n ts
as WALL STREET
-
.
NEW YORK
QXK&t
g v x x s i © o w p a tx ijc s .
© tfW tp a tX iS S .
Union Trust Company
M M States M
OF NEW YORK
C H A R T E R E D 1864
80 BROADW AY
Branch 425 Fifth Avenue, Corner 38th Street
With Modern Safe Deposit Vaults
Comp) ot If® M
C hartered 1853
45 a n d 41 W a ll M re e i.
$ 2 ,0 0 0
C A P I T A L , .....................................................................
SURPLUS AN ) UNDIVIDED PROFITS,
'
'
0 0 0 .0 0
$13 5 IO 6 0 5 0 4 ^
.
This C om pany acts as E x ecu to r, A d m in istrato r, G uardian, T ru stee, C ourt D e p ositary a n d In
o th er recognized tru s t capacities.
\\ C a l 8managed a n d ^ v e s ^ s ^ o n e y , s c ^ M e s and o th e r p ro p e rty , real or personal, for e sta te s,
,
_
corporations and individuals.
Capital $ 1,000,000
Surplus (earned) $8,000,000
EDWARD W. SHELDON, President.
WTT TIAM M KINGSLEY, 2d V.-P. HENRY E. AHERN, Secretary.
WILFRED j . WORCESTER, Asst. Sec. CHARLES A. EDWARDS, 2d A sst.Sec,
ALLOWS INTEREST ON DEPOSITS.
Acts as Executor, Guard an. Trustee &c
Administers "Institutional'’ and Other
Fiduciary Trusts
Rece ves Securities for Safe Keeping and
Collection of Income.
TRUSTEES.
TRU STEES
H . V an R . K ennedy,
W alter P . Bliss,
Jam es Gore K ing,
Amory S. C arh art,
W . Em len R oosevelt,
Jo h n W . Castles,
N . P a rk e r S hortrldge,
Alex. S. C ochran.
J im e s Speyer.
Amos F E no,
Jo h n V. B. T h ay er,
Frederic deP.Fostcr,
Charles H . Tw eed,
H arrison E . G aw try,
R ichard T , W ilson,
R o b ert W . Goelet.
Jam es T . W oodw ard,
A drian Iselln J r ..
W illiam W oodw ard.
A ugustus W . Kelley,
W . B ayard C utting,
Charles S. Sm ith,
W illiam R ockefeller,
A lexander E. O rr,
W illiam H . M acy J r .,
O F F IC E R S
JO H N W . C A STLES, P resid en t.
AUGUSTUS W . K E L L E Y . V lce-Prest.
JO H N V. B. T H A Y E R , V lce-Prest. & Seo.
ED W A R D R . M E R R IT T , V lce-Prest.
G EO R G E G A R R H E N R Y . V lce-Prest.
C. C. R A W L IN G S, T ru st Officer.
H E N R Y M. PO PH A M . 1
_ ,
T, W. H A RTSH O RN E,
Asst. Seo ys.
H E N R Y M. M Y R IC K . J
JO H N A. S T E W A R T ,
W illiam D. Sloane,
G ustav H . Schw ab,
F ra n k L ym an,
George F .V lto r ,
Jam es Stillm an,
,
C h a ir m a n o f th e B o a r d .
John Clallin,
s ' K ennedv
i ? hn k i u n w l y ’
S
D . O . Milte,
Lewis Cass n e a y a ra ,
L ym an J . Gage,
P ay n e W hitney,
E dw ard W . Sheldon,
C hauncey K eep,
George L. R ives,
Strongest in W orking Capital
C E N T R A L T R U S T C O M PA N Y
of N E W Y O R K
54 Wal l S t r e e t
Capital and Surplus, $18,000,000
(of which $1 7 ,0 0 0 ,0 0 0 has been earned)
M anhattan
Authorized to act as Executor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on Daily Balances.
T rust
A cts as Transfer A gent, Registrar and Trustee under Mortgages.
Company
f f lln o is T r o s t& S a v iitg s B a n k
20 W all Street
C H IC A G O
Capital and Surplus
1 1 3 ,3 0 0 ,0 0 0
^
Corner Nassau
NEW YORK
Pays Interest on Time Deposits, Current and Reserve Accounts
Deals in Investment Securities and Foreign Exchange
Transacts a General Trust Business.
C O R R E S P O N D E N C E IN V IT E D
U N IT E D S T A T E S
M ORTGAGE & TRU ST
COM PANY
NEW YORK
3P u e
© o rp o ra tio n : g r u s t © o .
37 Wall Street, New York, maintains the most
complete system in existence for the organization
CAPITAL,
$ 2 ,0 0 0 ,0 0 0 ,0 0
SURPLUS,
$ 4 , 0 0 0 ,0 0 0 . 0 0
of corporations in every State.
Inform ation regarding the corporation la w s and
Receives deposits subject to check
and allows interest. Acts in all
fiduciary capacities, issues for
eign and domestic letters of
credit, prepares and certifies
municipal bonds.
55 Cedar St
B’way & 73rd S t.
8 A rt.
tb
&
125th
practice furnished w ithou t charge.
T. W . STEPHENS & 0 0THE
.
St.
M A N ILA , S ISA L AND JUTE
Investment Bonds
M ONTGOMERY,
A .L A .
CORDAGE.
85 Wall Street,
B. W . Strassburger
S o u t h e r n In v e s t m e n t S e c u r it ie s .
AMERICAN MFG CO.
2 WALL STREET, NEW YORK,
-
New York
@FedFRASER