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STOCK LIST AND PRICES OF LEADING STOCKS IN 1907-Continued.

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Mackay Companies pfd..

Manhattan Railway..

Maryland Coal pfd.

50,000,000 60.000.000 1,885.005

Mergenthaler Linotype

10,996,000

Metropolitan Street Railway (0)

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Mexican Central.

59,127,100

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12 Nov. 1,1907 92 79

135,000,000 6 43,168,702 1 133,070,650 3

39,561,000

136,116,577 26,765,000 53,355,000

19,795,900

76.300.300 85,012,000

30,077,000

2134 24

Mar. 1,1900 6394

48

51 30%

87 2274 3034 18
49
14 8

Oct. 15, 1907 71

May 2, 1904 45 44
Nov 15, 1906 846 5476
Oct. 25,1907) 857% 66
447 27

July 15.1907 922 75
July 29.1907 335 300

11 474

3:16 872 69% 20

75 65

Nov. 2, 1826 8134 614 67% 30 Aug.12, 190 156 1364 1451 852

1 Jan. 2,1908

1 Jan. 2, 1903) 14 Oct. 1.1907 162 140 146 100% 4 June 29.1907)

21% Sept. 30,1907 1985 181 213 1912 134 July 1.1907 127 103 107 25 |2016, 1836 2756 14 3 July 29.1907 200 140 125 125 29 Oct. 15, 1907 164 134 1401⁄4 60 3% Oct. 15, 1907 1894 16% 168 110 9 Jan. 15, 1907 844 58 59 2416 2% July 15, 1907101 90 90 7876 4399, 29 44% 20

2 Nov. 9.1907 76 6447234-53 212 July 20, 1907 10634 85169234) 44% 3% July 1, 1907 1891 1882 179

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7,000,000

10,000,000

10,000,000

86.839.100

58,113,982

10,000,000

64.469,200)

22,991,100 S

29,791 300

19,342.600

155,000,000

STOCK LIST AND PRICES OF LEADING STOCKS IN 1907-Continued,

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National Lead (a)..

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National Lead pfd. (a)....

New Central Coal.

New Jersey Central..

New York Air Brake (a)......

New York Central & Hudson River New York, Chicago & St. Louis... New York, Chicago & St. Louis 1st pfd. New York, Chicago & St. Louis 2d pfd. New York Dock.

New York Dock pfd..

New York, Lackawanna & Westeru..
New York, New Haven & Hartford..
New York, Ontario & Western..
New York & Harlem...

Norfolk & Western..

Norfolk & Western pfd..

North American...

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178,652,000
14 000.000/
5,000.000
11,000,000

4

147 108 8614 5842 117% 90 764 83

103

80

25 25

220 144

141 55

134% 91%

Nov. 1,1907 23974 204
Oct. 22, 1907 16334133
Oct. 15,1907 1664 126
78 59 63 1994
Mar. 1, 1907 120 111 110 85
Mar. 1,1907 92 80 9134 41
50% 33% 42 25

11,800,000 2 Oct. 15,1907 8534 78/3 71 674

22,000,000 14 Oct. 1.1907 12734 1273% 124 124 20.047,000 2 Sept. 30, 1907 204 189 189 1279% 22,000,000 2 July 29, 1907 574 12,000,000 2 Oct. 1.1907 2 Dec. 18.1907 975

434 484 28

1365 365

84 9214 56

87,852,500 (2

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906 70

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14 Sept. 2.1907 107 July 15, 1907 212 14 Nov. 1,1907 232

87%

894 37

209

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189 10036 134 916 854 2

15 1246 56 103 78 65 1056 124% 90 19 1226 41% 10336 7638 78 51 100 1066 69% 1846 1134 1676 7

30c. Dec. 23, 1902 52 1 Nov. 1, 1907 140 1 Nov. 1.1907 106 16 Nov. 1,1907 135 1% Dec. 1, 1899 51834141 3 Nov. 30, 1907 147 52 Aug. 15, 1907 87 26 July 15, 1907 109

605 37

134 Apr. 25. 1905 62 50 13 Oct. 1, 1907 182 73 168 163 1 Aug. 30, 1904 64% 143 57 1598 184 Nov 27, 1907 105

2

Nov.15, 1907 270

June 1, 1903 6

2 Oct. 22, 1967 624 714 Dec. 20 1907 107

100 64 80 1811354

1% 14 236 134 158 44 5721 9734 9972 119 1898 70%

89 92 73

90 94 67

179

95

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Rensselaer & Saratoga

10,000,000

2,000,000

4

July 1, 1907 208 1991 205 185

Republic Iron & Steel..

27,191 000)

Republic Iron & Steel pfd...

20,416.900)

8,625,000

4134 224 414 12,

Rock Island.

89,602,402

Rock Island pfd..

Rome, Watertown & Ogdensburg. Rutland pfd.

St. Joseph & Grand Island.

St. Joseph & Grand Island 1st pfd..

49.047,390

10.000,000

9,057,600

4.600,000)

5.498,500

St. Joseph & Grand Island 2d pfd.

3,500,000

St. Lawrence & Adirondack...

1.615,000

4,000,000 2 1,200,000

14 Oct. 1, 1907 110 91 100 5036 i Nov. 1.1905 69 60 64 26 14 Nov, 15.1907 135 127 125 11,607,000 1 Jan, 15, 1907 55 48 35 25

9,576,000

199

27 19 19 19 July 15.1902 694 60

40 30

325 22 804 114

Dec. 31, 1906

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Oct. 1,1907 7984 60

70 58

16,000,000 113,846,420

Dec. 1.1905 50 41

4836 24

St. L. & S. F., C. & F. Ill, new stock Ctis..

10,416,000

1

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June 2, 1907| 74% 73 71 60

2774 20% 268 11

6:34 49 626 25

14 Dec. 2, 1907 972 686 7734 26 14 Oct. 1,1907 113 104 105 80 (1 Jan. 2, 1908 973% 61 9644 624 3% Jan. 15, 1908 12016116 118 100 423136 34 10

175,631,900 14 Oct. 17, 1907 103 98% 94% 29%

(2 Oct.

1,1907 991 90 97 85 14,562,000 1 Nov. 1,1907 166129

400,000 2 Aug. 1, 1907

40 28 37% 17% 40,000,000 16 July 31,1907 139% 121 123 15 4.895,000

174 17

13,258,000 i May 1.1907 36 254 29 94

15,500,000

406 254 8384 17% 2 Oct. 15, 1907 597 43 54% 80 14 Nov.15, 1967 1224 102 109 6834 14 Oct. 1,1907 150 150 115 100

95 53% 17 88 60 85 45

162

1150

STOCK LIST AND PRICES OF LEADING STOCKS IN 1907-Continued.

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(d) Includes

(a) Unlisted stocks. (b) Report of prices in 1907 is to December 1 (c) Scrip. $60,000,000 gold notes.

Standard oil is an unlisted stock. Amount of stock outstanding is $100,000,000. Last dividend 40 per cent. Highest quotation in 1907 to October 28, 564, lowest 405.

THE WORLD ALMANAC is indebted to "Bradstreet's" for the stock list and prices of stocks.

The Production of Common Brick.

Of the list of mineral products of the United States concerning which statistics are collected by the National Geological Survey only three-pig iron, copper, and bituminous coal--exceeded in value in 1906 the products of the clays; and of the clays themselves the product ranking highest in value was, as heretofore, the common brick, of which more than ten billions--to be exact, 10,027,039,000-were marketed during the last year, says the Geological Survey.

The value of this great product amounted to $61,300,696, an increase of $93.687 over the value for 1905, and constituted 47.30 per cent. of the value of all the brick and tile products and 38.07 per cent. of the value of the entire product of the clay industries. The largest production of common brick in 1906 by any one State was reported by New York, whose output amounted to 1,535,579,000 brick, valued at $9,205,981, or about $6 per thousand. This quantity represents 15.31 per cent. of the entire output of the country, and the value is 15.02 per cent. of the total.

The greater part of New York's common brick comes from the Hudson River region, Next to New York the largest producer of common brick in 1906 was Illinois, which reported an output of 1,195,210,000 brick, valued at $5,719,906, or $4.79 per thousand. The great common-brick producing region of Illinois is Cook County, and it was the decline in price in this district that brought the average price per thousand for the State to $4.79, the lowest for several years.

The only other State reporting more than a billion common brick was Pennsylvania, whose marketed output amounted to 1,027,541,000 brick, valued at $6,586.374, or $6.41 per thousand. While third in quantity the product of this State was second in value and the average value per thousand was greater than that for either New York or Illinois. Ohio's production of common brick in 1906 was fourth in quantity and value-550,422,000 brick. valued at $3.243,157, or $5.59 per thousand-and New Jersey's was fifth, amounting to 413,258.000 brick, valued at $2,610,686, or $6.32 per thousand.

The other States range from Kansas, with 314,371,000 brick, valued at $1,376,552, or $4.38 per thousand, to South Dakota, with 6,084,000 brick, valued at $54.175, or $8.93 per thousand. California's 278,780,000 common brick were valued at $1,962,866, or $7.05 per thousand. The average price per thousand for common brick in 1906 was $6.11.

Legacy or Enheritance Tax Laws.

A law taxing the right to inherit personal property by will or intestate law was passed by Congress July 6, 1797. The rate was 25 cents on amounts from $50 to $100, 50 cents on amounts from $100 to $500, and for every further sum of $500, the additional sum of one dollar." This act continued in force until June 30, 1802, when it was repealed. national legacy tax law was again enacted July 1, 1862, amended in 1864, and again in 1866, and repealed in 1870, five years after the close of the Civil War.

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Again, June 13, 1898, Congress enacted a legacy tax law which was amended in 1901 and continued in force until repealed July 1, 1902. Under the acts of 1898 and 1901. the sum of $21,603,699.02 was collected and paid into the national treasury up to June 30, 1904. Pennsylvania enacted a legacy tax law April 6. 1826, which law, as amended from time to time, is still in force. Legacy tax laws were enacted in Maryland in 1844, and Delaware in 1869. They were enacted in North Carolina in 1846, and repealed in 1883. They were enacted in Virginia in 1844, repealed in 1855, re-enacted in 1863, and again repealed in 1874. Since 1885 legacy tax laws have been enacted in twenty-nine different States, namely, Arkansas, California, Colorado, Connecticut, Idaho (1907). Illinois, Iowa, Louisiana, Kentucky (1906), Maine, Massachusetts (1907), Michigan, Minnesota, Missouri, Montana, Nebraska. New Hampshire (1905), New Jersey, New York, North Carolina (1907), North Dakota, Ohio (repealed 1906), Oregon, Tennessee, Texas (1907), Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming.

The Legislature of South Dakota in 1907 adopted a resolution for a constitutional amendment to this effect.

The following table shows the amount of legacy tax collected from the estates of some of the more prominent and wealthy decedents, some of whom were of national reputation:

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Joseph C. Hoagland, New York.. $1.934.753.07 Gustav W. Swift, Illinois.. 665,000.00 Johnathan Scoville, New York.. 600,000.00 Mary J. Winthrop, New York.. 450,032.90 Leonard Lewisohn. New York... 300,410:32 William Astor. New York. William H. Vanderbilt.

300,000.00 York

285,000.00 Mary Eichler, New York.

284,937.56 W. W. Kimball, Illinois.

261,490.67 A. M. Billings, Illinois.

234,635.70 Potter Palmer, New York and
223,141,52 Illinois

178,730.68 Ernest J. Lehman, Illinois.
159,599.38 Silas B. Cobb, Illinois.

150, SS2, 48

New

Ezra G. Benedict, Albany, N. Y.
Mary J. Walker, New York.....

Levi Z. Leiter. Illinois..

$119,211.90 113,885 27 112.738.08

110,169.55

107.634.36

106.536.97

New

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158,296.19 Sidney Kent. Illinois.
158.282.04 Peter Fahrney, Illinois.
152,319.72 Jacob Rosenberg, Illinois.
Charles W. Fullerton, Illinois.
Catherine M. White, Illinois.
Columbus R. Cummings, Illinois.
150,661.01 Joseph Medill, Illinois.
140,000.00 Phillip D. Armour. Illinois.
131,122.99 Lucius B. Otis, Illinois..
119,225.83

The transfer of all property. real, personal or mixed, within the jurisdiction of the State at date of death is subject to the tax, whether the decedent was a resident or non-resident. The tax is not a tax on property, but the right which the State grants to the legatee to inherit property.

Emmunity Bath Legislation.

The most radical change in judicial procedure effected by any recent congressional legislation is that which resulted from the "immunity bath" accorded certain corporate officers in connection with proceedings to enforce the anti-trust laws.

By an act approved March 2, 1907, it is provided that a writ of error may be taken by and on behalf of the United States from the District or Circuit Court direct to the Supreme Court of the United States in all criminal cases, in the following instances, to wit:

From a decision or judgment quashing, setting aside, or sustaining a demurrer to, any indictment, or any count thereof, where such decision or judgment is based upon the invalidity or construction of the statute upon which the indictment is founded.

From a decision arresting a judgment of conviction for insufficiency of the indictment, where such decision is based upon the invalidity or construction of the statute upon which the indictment is founded, From the decision or judgment sustaining a special plea in Bar, when the defendant has not been put in jeopardy.

The writ of error in all such cases shall be taken within thirty days after the decision or judgment has been rendered, and shall be diligently prosecuted and shall have precedence over all other cases. Pending the prosecution and determination of the writ of error in the foregoing instances, the defendant shall be admitted to bail on his own recognizance: Provided, that no writ of error shall be taken by or allowed the United States in any case where there has been a verdict in favor of the defendant.

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Of the whole number of post-offices at the close of the fiscal year June 30, 1907, 6,318 were Presidential offices and 56,345 were fourth-class offices.

The number of pieces of postal matter of all kinds which passed through the malls of the United States in the fiscal year was 12,255,666,367. The annual aggregate number of letters transmitted through the post-offices of the world may be estimated at 30,000,000,000, and of newspapers, 15,000,000,000. DOMESTIC MONEY-ORDERS ISSUED IN 1907.

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3,950,650.31
5,359,195.76

6,964,598.10

41,090,633.14 Total.

West Virginia.

Wisconsin.

Oregon..
Pennsylvania,.

.9486,478,145.65

The number of domestic money-orders issued in the fiscal year 1907 was 62,530, 408; number of international money-orders, 3,179,511, amount $77, 252, 007.

National Association of Postmasters.

OF FIRST CLASS OFFICES.

THE National Association of Postmasters of First Class Offices was organized at Detroit, Mich., October 8, 1898.

The Association consists of postmasters and assistant postmasters of the first class post-offices in the United States, and presidents and first vice-presidents of State associations of postmasters. Heads of the Post-Office Department and Chiefs of Bureaus at Washington are honorary members.

Article 3 of the Constitution declares that: "The object of this Association is to aid in the improvement of the Postal Service of the United States through the mutual interchange of ideas of members of the Association and officials of the Post-Office Department."

The annual meetings are attended by the heads of Departments and Chiefs of Bureaus of the PostOffice Department who address the conventions and answer questions pertaining to the practical work of the post-office.

The following are the officers and executive committee for 1907-08: President-John L. Waite, Burlington, Iowa, First Vice-President-Henry Blun, Jr., Savannah, Ga. Second Vice-PresidentE. M. Morgan, New York. Third Vice-President-F. G. Withoft, Dayton, Ohio. Fourth Vice-President-Edward R. Sizer, Lincoln, Neb. Fifth Vice-Presiden'-Isador Sobel, Erie, Pa. TreasurerThos. G. Lawler, Rockford, Ill. Secretary-Frank J. Zaiser, Burlington, Iowa. Executive Committee Robert E. Woods, Chairman, Louisville, Ky.; Major Andrew W. Wills, Nashville, Tenn.; David C Owen, Milwaukee, Wis.; W. H. Davis, Pittsburgh, Pa.; B. F. Barnes, Washington, D. C,

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