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New-York tribune. (New York [N.Y.]) 1866-1924, May 12, 1903, Image 15

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-<*""cL l ARANTEED VOCKS.
,^i*hell tv Jo«er<h Walker & Ssns. Xo. 3>
-**« f*™ B "™ Eroad-eU
i>- ■""" 1 Dir.l DJv. ) '' 1
-<; I rale.! r*rlo4. I Bid. lAtk'd.
, » I J.& J 1 235- —
»Sv.i* I; '.'-rVV • « J& J US —
«J?» W Vi r-oHKi.. T . M& S j 150 1»»
S* ■ 1' « T
«i ' M •■- M flO
,i»*-- VI.. | !* J& J 212 —
;4-rrN^HHKcg ; . QJ -« -
£y ;r;r>fV:aV.-..l « w i iss —
rbta&«?^^^m ..... 6 . «-M 60 —
J %' 15 =
i 6 Q ■ 1 ITS —
« ; q m io
7 y J W»2 1W
£ 3 IV4
r< i- fi v Ml
... »« .1 C
s o ■ J ate i —
- ■ q-f ' tm%\ —
ill ',v;iii*
T2t»« tan pp y ,fc-B rv.v:.".. 6 j&j t=h nu
' 4H M* X l'« j —
jif*^ • N < >r .t). 4.36 M & N I 1W — •
V s ! U.i | i
i||*|ma?» •* s -
,4 J ftkJ £ J
: . '*V!:j i«'; j j «o -
£SKw&»~ "- 2 =
»ore* 'vr».!: r !5 * j i«» "•
• -■ 255
Iff
1 'ill
Hi i w i* i
PtS Bes» & L Er»« corn (B S Q-.' «| y
hill
. 4 8-M3l 104 -
vN H i X, .! 1« «M '-*5 29.
gSJ* Sara .P » H c 0.... S -I &jj H£ _
Si r^i I «»
2Si*S .iv -.* Hud. 7 J*J }J» -
By <Erie>. ...... .— I « M& S 1-5 —
Morten nA-Ml MOf TO. S I£*l \\™ —
r.vvn ; H * H)..i « 5I Si —
Trcr & Crs«n <X T O { ~ 3& J y 12^
Tireaty-Oiird St <M 8 R>--- » Q-F *$ -^
ONJ RR tCCoffBB) 10 Or 1 Tl« _
t'rper Coos (Mair.^ Cent)... « jj**^, }g —
venniat * M«ai (Fitch R)- « ;■*■ *° 7 »™ —
A»cr T«l & Cabto~ * -Or 1 * .X /-_
Coos t-nlon of Maine « „ i 2 _
Gold ft St«*T.l«cr«wh.... 6 Q-J jl» —
Inter Oc-«i Telenrapti...... « t^ t iit 122
Scnhiresteni Telegraph. ~- 6 J& J 117 I=s
Pac * Atl TeJegrapb * Ifol 80 —
GAS COMPANIES.
■ FTinil«a*O brWlHtani E. V.ehota 4 Co.. No. J3 W«U-aO
BIS. AskeA.l ' Bid. Asked.
•w T A E Rlv *Staa O 6*. 1830.115 lit
i£Li£ lAiH Ml% -Eqult Coo •e.-.ll* 11»
CVtii'.** »«• I»3mI C* 800 9g
.132«4 140 fX AmO>6a..^lo7H 108%
TpT —' 160 IBrooJtlrn Union.. 226
•And lntereat.
MISCELLANEOUS GAS COMPANIES.
vrurnished by V.':niam E. Nichols & Co.. No. 15 Wall-Ft.)
~" '- ~~ \ I Int. period. j Bid. lAskcfll
!Jsk:ftTr»c — "i ~ II U | I?i4
ii!i?»rbtfcaH f*i
BuS CO lit mt«6e. 15H7..1 A. *O. I «t*i «64
Colum fiuO>litsi 1832. . J. AJ. ! 105 10.
I> G* E Ist Com 5«. m»-| M. AN- W
■tV»go.i^sW'sis>C. j. *J. « «r
iafiiasap Oaa Ist te. 185»... >«•*»*. Mr *"i
r^o^^^'iisi.Tl j. >d. «»
New-H»ven Ua* stock.- — ■ I, «* . "
STi QL"L4PO»itock. — ; *^ *|
Oh^&fo'isVmtg'ei'iMe.'j j. *d. »g g«
Ft Jos^h SM l«t sa. 1K57.. J. &J- «.» «
W*«ch 1, Co Ist me 63,1350. J- &P. »'H 10
do i>ref ttock,. — ... ...... I - ' — 9O
BOSTON. STOCKS.
(Turaishcd *y r- I- r>*T * <*•• Ko - 3 Xaesau-«t.)
il»v 9. May 11. ' Mar 8- May 11.
«tet&Aita»7--S3 2T< trn 9ho« Mach pf 2»H S9fc
Beston At Me.. -ITS JT.". Atlaotlo M1p....- 11% Wk
Horton Eler 14i« 14iH Arcadian M1n.... 3Vi <t^,
* -J R* C S T.lflO 1504'Biairhani Mia.... — »0%
*»'Ai«rcVef..l4«i 14.. U. ral & Hecla M..5» 021
VtNHiH..M 1»4 r.tenmal Mto.. 25t4 -«
<'M Colony 2<O »H Copper liange 11. «4Jt €3
V.vn EnaFt Ry *1 n Franklin Mm.... 10H lg*
te ,r.? IH 111 Maw Cor. Mln... 9J, »Ja
Mass Klec Cos.. 33 .-.IV Mohawk Mm..... 61 611,
••do rref M -- ■. Oseeola. Mln 67 «4
*ra Ti-r & T «'0.»7 lM«-!Old Dom M1n.... « 1|
Tel... 137 J37W Parrot Mln 2* «»
*• TH * T i>. l»^ IS^'Qulncy M1n... ...113 112
■in r.o-f !«• M (Tamarack MJn... 141 f 1*»
-•n«r lr«»& Stt 2KH 2«UJ Wolverine Mln... .l^a Tl
nas*daß.Co«l.'.l«B% 3* U S Mining 24*. -.*J4
Vt, Rt9t Mach.. 47^ 4Wa!U S Oil - H'-*
t PHILADELPHIA STOCKS.
Bid. Asked. » Bid. Asked.
_aa . — 'i Norti renn 10>t I»«V
„Ara BvW. — 4f.'*|PnUa Co 44U 43
r- P«in HI: C 0.... GjjV. «s<»
• -k pr^r 30"* r.i Perm Steel com.. 80 SI
•'''mhr'a «~:1.. 34U i4Va do rref........ SI ;v; v
— tSTTr cf V J «SU tK> P-nn El \eh Co. — I
I T^Uirn^ St-el.. X 1 ! <!o pref... — '-
S VrcT °°: § PhU» file- C 0.... & TS
■R T 12H OM
:..• /•„• «.f jiru. ■h% 9 JPhlla & i:r:» •• — 9'9 '
' r«at Part T C^. 2» 23 !Sus Iron * Steel. 2Vt -"*
lf>» mr n cf ■S \ "-•*" 24«-i'T»ue»-ater BtMl.. » 4
I^mch %-aV ..'... 71 n^JC Co* of N J...ZT! 2TB
.'^rtugh Vsl n n «~i 4=%i'rnlon Traction... 4JJi 4-**
lU.Tsc* n S smc <-.a« Imp Ci... Ml.M 1 . »*♦%.
>* Asphalt »» s»|V.*elßtMicb Co .... 2S 30
H I*.
tn -•> -Am 5s tTH 23 N--»raxk Ptss se.lj.r- US
*»0 PBy Co r»s l<«?i khP,, ! People's Trac ■»f.lflß i 104
••' *V« 5* 1O -!..<-u Union Tra«- 45... S»
?»t .Vpbait ss. 6% « 1
FAILROAD EARNINGS
AKK AJtBOR
isns. i»=- i»>i
*"".«£•'• nf ntHe* bJS j»^ ».«
■"'■- Ito V3:T :.. 1.619,11* 1.M6.M1 1.«#.6<3
KVANSVIIX.E AND INDIANAPOLIS.
*»at*r cf ml!e* US ' "5 ' «i«
Jto May r::- 541.K3 231.35* 2.&.84*
' • • EYANSVUXE AXI> TEURE IIAXTTZ.
" y-it&ber.ft miles....'..' IC2 IS .-- i?i
- S •- = ,SS:I
JIOCUING VALLEY.
*^t »^ k . sri Mar-.-- W».«W SaS ilS:ll
*«'•» Ito May J t.OTitMl 4,7*1.^*1 3.JC«31«
SIISSOUBI. KANSAS AND TEXAS.
'' r* HISSOCIU PACIFIC. * •--
C2»»"Trt*& BnANCI. . ••■ ■
«• tsi>»..' — •»*«».» i^oo-i- »iaooo
*&££::: *».*» s=i.i Ja»
SCASHVTUJC. CHATTANOOGA AND ST. t/>Tl!? !
Numbor of mi1e5...... I M l.ior. "*:
First we*k tn May $1*4.14« $14.">.StiO
July 1 to May 7 7.949.257 6.722,133
KIO GRANDB SOUTHERN.
First week In May... t9,OW $5»,77S SS.7OT.
July 1 «o May 7 471.6C4 4*3.554 4W.«c«y
XOUEDO AND OHIO CENTRA U
Xmmtver o£ mll«* 43' > ir.'i S7l
First «MCk in May ... $<M.4!-:: KH.3SS M.-..T:-..
July 1 to May 7 2,«31.340 2.325.1U 2.110.743
\TARASH. •
NaratKT of miles W -■•"••" s „ 2.320
First •n^k in May $440,4511 $329.2G» $309.96*
Ju'.y l to May 7.." 17,273,012 15.749.235 15.02»,«0;
ANN AKIIOK.
Mcnth t M»rch— ~.v n^
HrSr^,™r:.::::: ?.« *in.S5 iwS
- $197,807 $171.5(B $142.« M
Operating >ipenses ... 118,y04 Itt M 11''.1>
Net ■ llhjg $40,.*.« $51.61« $3ZgftH
rn°in^™ C 3 "*1.4»4.43» f1.«;.4« H.31C.M8
Operating <xpen!«c3 ... n£'..-..v. ■ 85T.640 W.4:u
Net tarainps » mne. PtfJMt $449.5 Th! $342.CU
OTICAW. INDIANAPOLIS AND I/HISY! 1,1.:\
Mor.th of March — „ . „,„
Number -of miles 54ft r.4rt ».4T.
Gross «arnin*s . .'.". $487,063 $.T*r..P.2« ?».("^
Operating *x|«i'sf» ... ' 275.431 238.370 222.51:.
Net earning $1«B.«S3 »7,' X-> $115,190
O»iaaP?r^i.V4lJW $3,375,207 J^MC
earning* $3,741.0*1 *:t.:i7.->.207 13-043** 1
Opri-atiiiK expenses ... 2.2»1.»« 5.063.M4 1,9^3,€59
Net e.irniiiKs !> mo>. .44».i/.r, $1.2&1.C73 $1.08J».*.i
* TOUED""), TEOIUA ANT> WESTERN.'
Month of April— . n c
Xumbfr of 1 ":::::.: "4S 21 5 »US
i iim »»:..:;:.:; ».TM
Operating expenses ... * s;< 41s «2.g3!> tolsJW
Net earninirs $9.49:5 ?15.40'»
Chariw ™.V^... IT. MB 22.093 23,-46.)
Surplus v• • •?10..V« •$12.«(>r. »$7,07 a
qii i« i M?a«i 3^ ft .TT m $M 5,012 J^.ICS
Opcratlns expenses ... 7M).CV. 717, 1«t» <^>.StO
Ket earnings ~ «87.«2 J'J"l.74^ ?=W.««
Charses 2251325 225.35 T. SaO.Wl
Surplus ?12.457 " $3..-58!t $8,964
•Deficit. •
LONG ISLAND.
Quarter ended March 31 —
1803. IJX'2. Changes.
Gross earnings H.M4.800 9955.42S Inc. $1.11.
Expenses 1,U0,724 937.55> Inc. 1.3.13.1
Net loss ST..HJ4 *$15.534 Inc. $:i.7r.S
Other Income 57.054 54.737 Inc. -31 1
Total income $.'.1,130 $70,071 Dec *}?■**}
Charges 042.309 3^.044 Dec 19. '3j
Heflcit $291,179 $291,473 Dec -*
Ca*h 131.232
Pmtlt and loss tSS7.'.i3»
For nine months — „„
Gro*» rarnlnys $4,r,45.«;20 $4.2T,6.492 Inc. $392\H
Expenses 3.512.373 3,033,»»ti Inc. 47>.w<7
Net iMIBI— $1,136,247 $1,222^06 Dec *»«.5»
Other income 201. (K»l 219.400 Dec. l\Af9
Total income |Ml7^«B $1,442. 2n6 Dec. 51<«»58
Charges 1,15>6,47« 1.222.WS Dec 26.412
Eurplus $1*0,772 $219,318 DM. $75,549
•Gain. tDefldt.
NEW-IIAVEN-
Cuarter ended March 31 — _„_„.„ T cl , WC m
Gross earnings 510.575.175 $9,727,211 1nc.51.150.962
Operating expenses. 5, 752. 450 7.274.712 Inc. 1.4n.'0Q
Net eaniliip "$27123.723 $2,452,499 Dec $329,776
CAN \T>A SOUTHERN.
1902. 1901. \ Change!".
KM earnings $310,167 W7s.f|B Dec. $65,071
Other income 1.2^ .JJ^ Dec _.__:_
Total income .' $311,410 " $377,070 Pec. $63.«»
idends 300.00'J 375.C»00 Dec .5.000
Surplus ~ $11,410 J3.070 Inc. $9,340
Previous surplus.... 14,316 12,24. Inc. - o ' o
Total surplas $25.726 $14,310 Inc. *11.410
TRADE IN CHICAGO.
fBY TELEGRAPH TO THE TRIBUXE.I
Chicago. May 11.— The government May crop re
port mads the winter «vheat condition 93.6 and
the acra*g« 33.107.000. The figures suggest a total
winter wheat yield, of 006,543,000 bushels. The ap
proach of the government , report and the uncer
tainty In regard to It kept the wheat market a
■mail one. But the weath?r wa3 fine and the
mood somewhat bearish. Between the dulness and
the favorable weather the market closed un
changed to %o lower. May sold at 78Vic and at
7S&C, and closed at TS^c: July closed at T2?ic. and
September at 70c. Patten was the best seller.
Armour was a moderate buyer of September. It is
taken for granted that the Armour July interest
has been liquidated. A feature to-day was the
strength at Minneapolis and Duluth, where prices
are ralnlnir on Chicago, because the Northwest, m
merkets Ire more certainly old ci op markets
through July. The world's shipments. 10.9-J2.(«A>
bushels, were larger than expected, Russia t=nu>
nUTJT almost as much as America; but the tngrltbh
markets were little chaiiped. and Paris was 1c to
iv, hurher. There was an increase on passage of
1.4&W bushels. The visible decrease, W.ooobush
elsTwas less than expected and much less than
the decrease last year. The local stock of wheat,
£0i4.000 bushels, decreased 498,<XW bushels. Clear
ances were 417.000 bushel?. I,ocal professionals
were sellers as a rule, but all the transactions
were Email, 'with everybody awaiting the figures
which were to b« published at 3 o'clock. Patten
led the July selling. . ,
Sympathy with wheat, springlike weather and
some indication of larger receipts contributed to
an easy corn market. The- futures closed »4c lower.
May sold at 41^o .md 44V c. and closed at 4££c
sellers; July closed at 44-^c; September. 44'*c. The
r^-eipts were 250 cars, with 26 contract; the esti
mate for to-morrow. 495 cars. Tha cash market
was barely steady. The shipping demand was
ouiet- sales about 150.000 bushels. The stock here,
L 774.000 bushels. 'decreased- 444.<j00 bushels, arid the
visible decreased HS.QOO bushels. There was an in
crease on passage of 535.000 bushels. \N orld s ship
ments- S 784 000 bushels, were mainly American and
Argentine. The local talent sold the futures. Ca-
Oats sympathized with the decline in wheat and
corn and were influenced by the higher tempera
tures. The Eastern demand was not so good. The
futures closed %c to %c lower. May left off at 35c
and July at 32^0 eellers. and the September at
29% c There were 151 cars, with IS standard. The
estimate for to-morrow was 220 cars
Pro\-lsions were weak, pork ciosln? I<>c to 20c
lower, lard 10c to 12V>c lower, and ribs # to 10c
lower The hogs were 10c lower, with 42,000 here.
There' were more hogs West than last year The
average weight. here was 50 pounds heavier last
week than last year. The exports for the week
were small, compared with last year.
'A 11 ction Sales — Fina ncial
AXDREW J. McCORMACK, Auctioneer.
RKGILAII AUCTION SAI/K OK
STOCKS AND BONDS
By &DRIAH H. MDLLER I SON
OFFICE >"O. 55 WIMHM STREET.
COKXER OF PINE ST.,
WEDNESDAY. MAY 13TH,
at 12:30 o'clock, at the New Yorlt Real Estate Sales
room. 161 Broadway.
BY ORDER OF EXECUTOR 3.
18 ehs. N. T. Life Ins. & Trust Co.
138 Bh«. Keyport & X. T. Transportation Co.
■ e5" I>oaT& Trust Co. . Debenture Bond..
■«*" Loan & Trust Co. I>ebentur« Bond (1 ctf).
£8 £ ?^rA^%™Co. (no- Andean
,00 *.. '2SSs£&^££& common.
25 *ba Development Co. of America pfd.
Plt^iliiil
J«COO Inland Mining Co.. Special Contract 7
•*i Fhs Mercantile Natl HanK.
2 «j \i Vnlted States Tru«t Co.
56 111 Title Guar. Trust Co
X $? r^ln^ Bo£ * Tn»t Co.
vl S£ sSi. Bank of H III II I in.
loStT^rtCa-otAmertc
§Bllf§ll
** Bus . I»*>
"0 *l»«-'Flnrt Natl. B«k. Ban*
5> shs. American Exch. Natl. Ban*.
5 «h». Central Trust Co.
1 B h. Central Trui-t Co.
2li fi. International Po<">f Co pM
?li aba. Internal i.nal Pc*'T Cb. !"■'
2 ehs. Manhattan Traiui.t Co.
«O «h«. National I.«ad pM-
Y> -t-s. Natl. Park Hank.
f^S^ara^'^uiTr.MCo
«♦ «h« Metropolltmxi Ttti«t Co. _
f. «hs- Oantral Trunt Co.
5 ehs. i=«eel Ore« Railway of V*. . .
2*r. «r«. IE! Otm i: *'"" y M? ' . « r i 8 k. ao->«w
-»i urea Co. 1«* W T « e !
k.OOO ji»^c«-c^tvu, » r - w».
ifl a**. M*U. Baa* of Jfartk-Axntrie*. .
NEW- YORK DAILY TRIBUNE. TUESDAY. MAY 12. 1903.
Financial.
$2,500,000
FIRST MORTGAGE 4% FIFTY YEAR GOLD BONDS.
Convertible into Common. Stock of the Company at any time
prior to January Ist, 1910, at par. -
Dated April Ist, 1002. Due April Ist. 1862. Interest payable April an i October Ist. Knicker
bocker Trust Company. New York. Trustee. \,
The total issue is limited to 53.500.000, of which 52,500,000 ar= out
stan.linic, the balance S»ein reserved for the construction of additional
wharves, warehouses, and other improvements. .
The oiortjrafre covers in the Boroußh of Brooklyn, City ol Wew orlc.
an area of sixteen city blocks, with improvements thereon. Included
in this property are eiirht blocks of waterfront, facing on a forty-foot
! Government channel.
The interest on this issue is absolutely provided for by long leases
of its piers to responsible tenants. It is estimated, however, that
the plant will earn three times its interest charges, as shown by the
letter of the .President, describing in detail the property itself, and
the sources from which its income is derived.
aa, <tll . „, . — <„ t |,,, „f !S;».OIMMH><» is ciinrantred by three of the fore
m^i' K u»lr t nU, "«h 1,,,...! »*«•» »n in.lo, s.-n-nt to that *tt~- .
„,der ,„.. i( r, „. .1 tt« S-2RS^. < tW^r^t^^^JT^ss»^U^
ZmlF'^^tt^TSJS^Z^^^^*™ b "" ds at not Mre edlß * I<N)
an<l ri ln H ere 7 t ;.r ♦^..^* nNn c-on«ulii« » itrovMno ivhlcli. our counsel advises ns, obligate*
sjn(l . o. \,.,v York, enact nueh tux leKinlMtioii. also n ,ap of >ew VorW Harhor-Lo.-
These bonds, while an obligation of a* terminal and transportation
company, are secured by a first mortgage on a valuable tract of New
York City real estate, and we recommend same as an absolutely sate
investment. We also consider that the convertible privilege will prove
to be of substantial value.
THF UNDERSIGXED WILL RECEIVE SUBSCRIPTIONS FOR
THE UNSOLD BALANCE OF THE ABOVE BONDS AT 91#
AND ACCRUED INTEREST TO DATE OF DELIVERY.
Subscriptions will also be received for oar account by
THE title guarantee AND trust company,
at its Banking Offices, 146 Broadway, Manhattan,
and 19S Montague St., Brooklyn.
The subscription will be opened at 1O o'clock A. M. on Thursday,
May 14th 1903 and will be closed at 3 o'clock P. M., or earlier, on the
same day' the right being reserved to reject any applications and to
award a* smaller amount than applied for. Bonds awarded upon sub
scriptions are to be paid for on Monday, May 18th, 1903.
F. J. LiSMAN & CO.. DOMINICK & DOMINICK,
h * ~' 30 Broad Street. ' 10 Broadway.
LONG ISLAND LOAN & TRUST CO., -
Lunu IV * 44 Court St., Brooklyn.
N«« T"rk. May "'^■_l t ;_ ■ _ '. —
METROPOLITAN SECURITIES CO.,
S2 Liberty Street.
New York. May 9. 1903.
To the Holder, of Receipts for Payments on
Sui.KCriptions to the Capital Stock of the
Metropolitan Securities Company!
Notic* is herel-.v givtn by the Metropolitan Securities
rminnnr of a rail for the payment of a second Instalment
of TwentV-nve Dollar!. <S2s> per *haro upon the
subscription to its capital stock, such instalment to t*>
nayabl* on Wednesday. Juue 10. 1i»O3.
' nta book* for the transfer of Metropolitan Securities
Company subscription i.tllm will be Closed at th* clos*
of business 0B May -*>. HMK*..
p aJ -iriont of said instalment must b« made at the office
of tho MORTOX TRIST COMPANY. No. 38 Va»»wm
Ftreet. New York City, after such closing of the transfer
book., and on or before Jnne 10. 1003, by
check or draft on New York to the order of the
Metropolitan Securities Company, and must be accom
panied by the Eurrender of tha subscription receipts
duly Indorsed for transfer «n blank and
-(Witnessed. Engraved stock certificates for partly paid
stock reciting- th» paym.nt of fifty per cent. (50%) of
the par value thrreof will be issued.
By order of the B'*nl of Directors.
JIETHOI'OLITAX RITIES CO.
By E. W. SAYRE, Treasurer.
Haight & Reese Co.
stocks, Boiriiii, cotton.
grails, mailed tree.
WE WILL BUY OR SELL
N. V., New Haven & Hartford R. R, Co.
Rights.
THOHAS L. HANSON & CO.,
71 BROADWAY.
rnnnei'tnl by private vrtres with
Xew llnv'n. Hartford & Iloston.
Telephone 1887 Cortlandt.
Bankers and Brokers.
American Express Company
Issues
Foreign Exchange,
Cable 8c Telegraphic Transfers.
Travelers Cheques and
Letters of Credit
Available throughout the world
65 BROADWAY.
Henry Cle*3. James 8. Clews. John H. Clews.
Member N. Y. Stock Ex. Member N. Y. Stock Bx.
C P Holzderber, Member N. Y. Stock Exchange.
CLEWS &CO
BAMvEnS.
11. 13. n and 17 BROAD ST.
mmmmm ein-nled for inventinent or on m»r
tt n Interfit all»«-«>il on .lepo»ltf». nobject to
oheck. l'inauciul A«e»t» for lorporatloni
a u'over«m"."«nd other Hi h-Grad Bonds
bought and .old. ai oFrK^ ;
3« 11,1 in cor 57th St ! 2t>2 sth Aye.. err. 2Sth Bt.
1 Ho^) St. Merc Ex i W Court St.. Brooklyn.
fCoumrzE Brothers,
BANKERS.
Pr-ar.-- 4 Cedsr St N£ W YOR X
Investment Securities.
Allow 'interest on deposits; snafcs
loans against approved collateral.
Buy and sell Foreign Exchange.
Letters of Credit.
DEALER IN
Brooklyn Ferry Co.
.5% BONDS
Frederic Ii Hatch,
Ml. ao BHOIU STREET.
Telaphune 1922 Broad. _____^_____
GUARANTEED STOCKS
INVESTMENT BONDS
DEALT IH BT
JOSEPH WALKER & SONS,
Financial.
IKE IMPORTAKGE OF GOLD VALUES
IH COPPER ORES.
There is no danger of an over-production of
cepper. It is only a question of price. With
•-opper at ten cents a pound trolleys would be
so extended, the waterfalls of the world so
utilized and the u?es of eopp-r for structural
purposes and in the arts so multiplied that all
the copper that could be produced at a profit at
that price in all the world's copper mines would
Dot be sufficient to supply the demand.
We have found that at seventeen cents the use
v.as bo curtailed and the production so stimu
lated that the supply exceeded the demand, so
the extreme fluctuations of the price of the
metal are likely to be between ten and seven
teen cents a pound.
The copper mines which can produce copper
the cheapest In large quantities will, of course,
be the ones to pay the best dividends. Copper
is now produced cheaper on the VERDE COP
FER BKLT in Yavapai County. Arizona, than
anywhere else in the world. This is so both
because of the enormous cooper deposits and of
the high gold values in the ores. .
With the possible though by no means certain
exception of its near neighbor, the United \erde,
the GEORGE A. TREAD WELL MINING COM
PANY has the richest ore deposits on the \erae
Copper Belt. Without any exception it has the
largest area of mining property and the most
extensive ore deposits on the Belt. The goia
values in the ores are enough to nearly or quite
pay the entire cost of mm and reduction.
Professor Treadwel!. who is responsible for
the United Verde and the Greene Consolidated
two of the world's greatest copper producers
shows his faith in the future of this property
by giving it his name, and he says that he be
lieves it will pay the best dividends of any cop
per property in North America.
It already has a mile and a half ol under
ground development work, showing ore bodies
rivalling in richness and extent those of the
rnfted Verde Itself, and with its two smelters,
which are now nearly ready to run. it is nearly
to the point where it is self-sustaining and divi
dend-paying.
Tliere In only a siniill amount of »lo«-k left
to t.r. «old «oni|.lH.- tl..- development and
equipment of the property.
Hrlt-ew will 1>«? Riven ou nppllentlon.
GEORGE A. TREADWELL MINING CO.,
27 William Street, New York.
MYRA B. MARTIN, Secretary.
Banker* and Brokers.
Redmond, Kerr & Co,
GRAHAM. KEHR & CO.. Philadelphia.
Transact a genera! Foreign and Domestic Eanking Business
ISSUE TRAVELLERS'
Letters of Credit,
in Sterling Francs, Marks or Dollars,
payable in all parts of the world.
I N V ES T M E NT S E CURITIES
United States Trust Co.
Realty Associates.
McVickar Realty Trust Co.
DEALT IN.
CIiIIHTOXtf GILBERT
2 WALL ST.
I ■■■■!■■ I s - ('orhnm. John M. Van x.-halck.
T°l "."jo r.:i::» (ortlan.lt. Cnble Inn.ul.-uni.
VAIN SCHAICK & CO..
>" Y. Stf»<*U r»ch»nße,
7 WALL STREET.
Baltt.:iore. Mnrvlnnd TWt Hutlrtlng.
Albert H, Vsrnam & Co.,
30 NEW STREET. NEW YORK.
BANKERS AND BROKERS,
Transact a General Banking and Stock Exchange Busing
We make a specialty of
INVtSIMtNT SECURITIES.
MEMBERS NKW YORK STOCK EXCHANGE.
Financial Meetings.
Tvrrnx vrio>*AL steam pimp r <>-.
- "*■ ii. * n New b YcS,^T BOW 130S _
TO THB STOCKHOLDERS OF
INTERNATIONA!. STEAM PL MT*, CO.
you ARE HEREBY NOTIFIED THAT
-*- Urn Annual M^etinr of *h. Stockholders will be held
!, "I, 11 :, W-i 2^W«hln*ton Str^t^Jer-e,
r v nV?v !•• [irpow ol i lectlng dteertom for
Se ensues y-ar- «"<! actlns upon «uch other busmeas aa
■?L b SriS«S I 'SSW thi, purpose .tth.
clo£ »T bu*lne« on the 19th tnsUnt and Kinaln closed
until th- morning of the 10th day of June. 1903.
By order of the g«c'retary.
A DVEKTISEMENTS and laoserlDtions for Tba Trlburw
A -ce.ved "o^HJRo^VAy. .
AdvertUen. oU "will te received »t the fcllawin* br«och
offices at office rate, un- V°^Hh?k™e c^;
Financial.
; NEW YOIIK. .MAY IS. 1003.
To the Holders of Common Stock of St.
Louis and San Francisco Railroad Gompairy-
For and in behalf of Chicago, Rock Island and Pacific Railroad Company, the under
signed hereby offer upon the following terms to purchase any and .11 shares of the com
mon stock of St. Louis and San Francisco R-ilroad Company, provided that exrrpt at the
option of Chicago, Rock Island and Pacific Railroad Company, 5,,!. proposed purchase
shall not be consummated unless «22.>,000 or more shares of said common stock shall be
deposited with the undersigned at their office in the City of New York on or before June
1, 1908, in acceptance of this offer. s _ '
For each share of such common stock of the par value of $100, so deposited, Chicago,
Rock Island and Pacific Railroad Company will delirer, through the nnders.gnrd:
§60 (par value) in the five per cent. Gold Bonds of 1013 of said Chicago, Rock
Island and Pacific Railroad Company, and
$60 (par value) in the common stock of The Rock Island Company (of New
erSe Ly holder desiring to accept this offer must deposit his stock certificates, with
Any holder desiring to accept this offer must deposit his stork certificates, wrtn
proper "instruments of transfer in blank, on or before the close of business on June 1,
1903, at the office of the undersigned, tl Wall Street, New York. Proper deposit re
ceipts, transferable by delivery, will be issued entitling the holder, on, or at any tune
! after, the first day of July. 1903, on the surrender of his deposit receipt, to the delivery
of bonds (or temporary bonds) and common stock certificates or interim receipts therefor.
The Five Per Cent. Gold Bonds of 1913 will be issued only in the denomination of
$1,000 each, and the stock of The Rock Island Company only in shares of $100 each.
For fractional amounts of bonds or stock, to whfch holders of deposit receipts may be
come entitled, warrants will be delivered specifying, respectively, the fractional amount,
of bonds and of stock to which the holders thereof are entitled, and such warrants,
when cumulated with other like warrants so as to aggregate $1,000 (or any multiple
thereof) face amount of such bonds, or $100 (or a/iy multiple thereof) par amount of
stock, shall be exchangeable for a like amount of such bonds or of srtch stock. Such
warrants will not carry interest or dividends.
The form of said bonds and of said trust agreement are to be subject to approval by
counsel for B. F. Yoakum.
For particulars as to said Five Per Cent. Gold Bonds of 1913, and to said common
stock of The Rock Island Company, reference is invited to the accompanying letter of
O. H. Bogue, Vice-President of Chicago, Rock Island and Pacific Railroad Company.
For Chicago, Rock Island and Pacific Railroad Company,
J. P. MORGAN & CO.
CHICAGO. ROCK ISLAND .A*D PACIFIC RAILROAD «™j^V May R m
ilessr3. J. P. Morgan & Co.. -^
Dear Sir?: "££Z?JZ pro^o^ offer ot purcha.. to b* »al, by you for and In behalf M r tM. . Cb«.
pany of shares of common stock of St. Louis and San Francisco RaUrca* Company. I beg to mak. the fbll>wu>«
"^ciSa Rock Island and Pacific RatlnMd Comply I. a nUlroad corporatl organued under the Uw, ef
the State of lowa. Its authorized Mcurlclts ar»: » ,ualUy Sector, J. owned * y T^ Kock Ul«d
$145.<XK).000 nock of whicH th. entire issue, except ahare. to qu-ilfy directors, is owned by The Kock laia»l
$75,000,000 tar'U «S of 2002. of which $». 402.273 are iM »ed *nd l«lM ~^^
deposit under trust agreement with Central Trust Company uf New Y,>r . of the same par amount a.
capital stock cf The Chicago. Rock Island and Pacifl: Railway Company .of Illinois and Iowa).
$18,500,000 five per cent, gold bonds of 1913. , n<w»Mn *r* to b*
The Five Per cent. Gold Bonds of SM ar» limited to the aggregate fa^, amount rf $15 .300.«»^ -re to b.
secured under a trust agreement with Central Trust Company of New York by the deport and pledge oY „1
shares of the common stock of St. Louis and San Franco Railroad Company which ,^J;*^™^^
this ofter of purchase or otherwise, and can be issued enly to a face amount equal to .taty p* r cent, of the par
r^ni are .ou^n bond, for «l.uOv each, with th. prlvites* of registration a» to I II H ll
The form of said bonds ard of said trust agreement are to be subject to approval by counsel tor B. F.
The I Rock Islani Company « a corpcratton organized under the laws of the State of Ms* Jersey. It ha. bo
mortgage Indebtedness. It* authorized capital stock is f106.000.000 In twj classes:
$54 009.000 non-cumulativ» preferred stock.
8t C The common stock of The Rock Islanl Company to be delivered jn pormianf f tM. li mt y« llSted .n
the New York MacE Exchange; application to list the same w.l be ma< " when 13Sued -
T.mrs. trul>. O. H. ROGL-EX Vice-Presldwit.
t^^^^^^^ ?«a o^tr^d S t?
tn»m. i: y y->.\K!"M.
H CLAY PIERCE.
.... •'_>!: jAMiid CAMFREX.U
■B8 A »! 3 *•; H * H. H. 'HTER
B. P. CHENET,
: W. K. BIXUY
Trust Companies.
CITY TRUST CO
OF NEW YORK.
36 WALL STREET.
CAPITAL 1,000,000
(Entirely invested lo Cltj of New York Bocdi.)
SURPLUS Md Undivided PtMis 1 ,666,
OFFICERS.
Jnn. R»s* Cnrrsn. l*r«"aitlent.
John D. frinimlim. Vlee-Pre»ldeat,
Uroree R. Shelilon. 2d Vlce-FresloCat.
Arthur Terry. Secretary.
Walter W. Lee. A»«t. Secretary.
DIRECTORS
John D. Crimmlns. Ctliita W. Mor»e.
frmiS H. Plait. Hosmer B. Pars .na.
George H- Sbeldoß. Albrrt G. Jennlnsi.
Edward Kyre. }jeor*e \\. Perfclaa.
Pet.-r Uui'lKer. T.ngvne Kelly.
William Halls. jr.. Kdwln Wartield.
James D. Layng. EUerton K. Ciwpmaa,
WiHiam R. ijrace. Cnarle, V. Forne*.
Hiißh Kelly. Frank R. Lawrence.
--an J D'Brten. Chsrle* T. Barney.
Ja«. Ross Oirrsn.
Lincoln Trust Company!
208 Fifth Avenue. 112S Brosdwar- ;
(Madison Square.)
Capital & Surplus $1,000,000
Henry R Wilson, PiesMent. Frank Tllford. Vlce-Presl- j
dent. Owen Ward. 2d Vics-Prestdent. R. C. Lewis.
Treasurer. Wm. Darrow. Jr.. Secretary.
TRANSACTS A GENERAL TRUST I
AND BANKING BUSINESS.
Allows Interest on Deposits.
Xotice of Summons.
QT7PBEME COURT. COUNTY OF NEW
York.— Georft^ D Kuhlmann. Plaintiff, against John
Wa-Jelmann. Individually. John Wardelmann. ai A'lmln
istrator of the »rooits. chattels, etc.. of Johanna Wardel
mann. dece.i"ert. Michael O'Rourke. Charles Haas. Abble
A VntUT. iaullr.e Levensor.. Blward J. Rnnr Addia
M H.,<rert Jacob Stnudorir.ann. Lor»nj KilUan. ililain
Kuh lm inn! also William MM)> and Kattle K.Mm.«n
or CoVmJn. Defendants -To the above nanW defendant.
John WfcTdeJ'n«»B: You are hereby summoned to answer
the complain in this action, and to s-rve a copy of v.mr
answ-r on the ptointllTa attorney wlrhln twenty days
SfteVthe service of this summons, -»;^»:v- of the day
of -er. ■ u-r- and. in c-a» cf roiir failure ts a]
v-^Sr ju'da-ment will be tak-n asainst you by default.
far ii.' ; relief ,Kmande<l In fhr ( .-.>mpla!nt
n.,.. i \w- Tort No.-'ribr 18th, BMK
(!L AJta« B.rougU of Manhattan. New Torlt
of H^n James A Bteri£rd. on. of lha Ju.t!.-*.
tan. City of S>r* York.
DAVID KPrCASEP.TIK Pr CASEP.TI Attv.. S» I>.ro,dw,r. New Tort
City. ; -^..V----
PUEME COURT OF THE STATE OF
v.tt York New V>rk County.— Oecrsre Deejj. Pt»in
tired in Ne-» Tnr *,' oO^:i; n ££•^ You are hereby wm
n;or.«d to •J*5 aLsj7a Lsj7 a^w>r on tha PlaintitTs A t .rn-y
e ,rve a t <-or> °V 2. f , er th- aerrice of thla sumrncn..
wtthn I'^.^'r^ airW" and. In ca. of
exclusive of tha da> nr »• £ will be takao
V l^^"- tof demande * to the
"^E^m SiSSiSil O«c. and Po.t
LOL O«ui' KSJ'Na 820 Broadway. Manhattan. N. T.
lt i »boT« named P*fendant: Th» fornrola* Sam-
To h j£S Tu^.^Tou by publication, pur»u*nt to an
I^5 n3 to » Hon JaSea \ BUnchard. a Just! ■• "f th« Sa
order o f"r, n of Ja t I S" state of N>w York, dat*d th. 13th
/4. J A^retl 8» Br= dw»,. B. ; r,>u«h of M,M»
hattan. New York City.
Advert Uemenw will «>• r*c«lv«<i at the following branch
Financial.
Dividend Sotices.
11O.\D Jt MOBTIiAUK <;I.VKA.\TKE_ CO.
17.". RemsMi St.. B*o©HjH N'- T.. May T IW3.
A -QUARTERLY DIVIDEND OF TWO AM>
"^ ONK-HAI.F PER CENT, has been declared. payab>
liar l.'.th. 1>::. ta the stockholders of record on the
ck»iE* of the Transfer Bocks at 3 P. M on May 11::
The books will be opened May 15th at 1«> A. -M_
MARTIN WELi£ls. Treasurer.
AMERICAN GRAPHOPHONE COMPANY PREFERREE
DIVOEND NO. 32. __,
rpilE KF.Cn.AK QUARTERLY I»l\ll>h.M>
(So. 32) of one and «l!ree-<juarters per rent, am the
nillillll StocH of the AMERICAN GRAPHOPHONE
COMPANY will be paid -May 13th. 1903. to holders ©t
record May Ist. EDWARD D ka TmN Preside
E. O. ROCKWCOD. Secretary. V -
THE ISLTTERICK COMPANY.
- to 17 West Thirteenth Street.
N-.v York City. May *. l:*3
rnriE BOARD OF DIRECTORS OF this
Company has tkla d«i declared a Quarter!/ Dividend
of ONE PER CENT, on Us Capital Stock inJtrg.
payable June 1. 1!»)3. ti> itiMan of record on May
" The -»n»fer boots will be closed on May 2<>. 1M». at
3 afdacll p. m., and reopened on June 'X ISMS, at V>
o'clock a. ij.
C. D WILDER. Treasurer-
Foreclosure Sahs.
aVYWMMM roi'UT. COUNTY OF MIW
York.— St. Lake's II srltal. rialntllf. ar*iast John J.
Buckley anl othcra. Defendants.— ln pursuance cf a m
ir.ent of foreclosure and sate, iulv maar andentered In
the above-entitled action, tearing date the 20th day or
June U«»l. I. the undrrsi4tnr.J. the Kefrree In sad Juis
ment named, will sell at oublle auction at th* N-w Toric
R»il Kstate Salesroom. No. l»'i Broadway. In the Bor
ou«h of Manhattan. City of New Tork. oo the Sfchday
of May I»u3. at 12 "'••lock noon on that day. by Philip A.
Smyth auctioneer, the t>remi»r« directed by said Ju«
m.nt to be sold, and therein described as fo' l^*-": Ail
that certain lot. piece or n«rcel of land, with tB» bl ' ! ''r
Inrs thereon erect.d. situate In th - B.»rou«h of WnllM
tan Clt> County and State of New York, bounded ana
described 'a* follows, that ts to say: n**\nnir.ti at a pota-.
oa the .ast*rlv aid* or lv.« of Seventh avenue. d!«ant
nlr.etv-ntnr (DM feet five and ow-ciuarter u l »> inches
southerly from the corner formr.l by the Intersection or
the easterly side or !in* of Seventh avenue and th>»
southerly aMa of Twenty-elnhth street: runnina- thence
easterly, and nearly paiatM W.th Twenty-eighth, street
and part of the <!l»:anc-' through a party wan. forty-n»<»
HOt feet rir.e ■}♦> tncbes to <» courtyard: th«nc« again
eaKt^rly across .-'aid courtyard, twenty-six .•Hi feet five
and onelotarter <SH» tn^^es to the westerly waU of a rear
bulltllcK- thrnfe a^ain easterly, rhr-.jn.i the centra of
another party well, twenty-seven «2T> ftrvt ona and one
half <1H» Incbe* to the northeasterly cora»r of said buKd
l n _ thence southerly, aloni the easterly wall of sa-d
h«!M!nB twenty-neven i"-'T> feet and three-quarters l*i»
of an in' -h t.» to^ southrnat*rly i-'»r%«r of said building.
thence westerly. alon« the routh«rly waU of said buitdtSK.
rwrntv -r t27> feet three (33 Inches to the scuta -
westerly corner of said bu!Uin-r thenre northerly, alone
the wes-t-rlv wall ef said buiUllns. seven <T> feet eleven
and one-half «11H> tTich*^: taenc* asaln westerly, and
nearly parallel with Twe.ity-elgh'.h street and part of «•
SSwaca thn.u*rh a party wall, seventy-eix »T«» feet four
Ml inches t'> the .--aj,! eanjerly side or line of --vrnth
avenue- and then*-* northerly, aloncr the sanu. twsaty
•301 fc»l thre* and lhr«»e-»ju:*rter <3\> Inches M the point
or place of be-innlns. Slid premises r*!nir bow iriiwn
by the street number 307 Seventh a»eou#.
Dated New rorK. May «*££- McßßrDe Kef^.
PF.CKHAM. Ml!-l.r:R * KINO. Attf.rr.ejs for PlalaMX
-. Broadway. Borough of Manhattan. New Tork City.
Tat, following is a dJaaram rf the above descrtSel
oremtsfs known by the street aun^er 30. Seventh arsasa.
•an
Tb# appro*lma:» amoant ot th* l«»a or cbarg* to saUary
whlrt. the abo«« dtscrtbed pr..o«rty is to X>« w>td U
l-l 532.**. with btKiMl ih#rr..n fr-.m th^ 3Pth day of
jnne I*ol tocetb*r with eo«t» and allowances i»u»tina;
tv» $iSS 25j with int«rr«»t rroiu Jun» 3«h. IDWI. toajatfear
with tna e\i>«naea of «>• aal*. Th» approxlmute •■■riW
of tai#J. water i^-nt*. mw«n«i- or jth«r l'.«na wMch
,„ to »*. aUowed to the purr-^aaiT out cf the purcha**
money or palJ ty the Referee la *J.tt»>.2T and Interest.
Since tr- rziirj cf the aaM Judgment there has been
paid on act-ount o* t"se amount found *»• by »id«l—
taxe* etc.. the sum of ML99a\
taxea. etc.. i»» WILBKR McBRIDE. Refer.*.
D*t»d. New Tork. May 4th. l»03.
DVERTTSEJIEXT3 and »u^s<^lptlc^!s for Th« Trtbun*
A r^. »iv»-ii at their L'ptown ' *01c». WJ iT.
M». i. :..» !!»*«• \»>»-\ \>
Aaverttaeineirts wiil tor rec*iv»d at the tollowla< toMCk
«mcc* at re«ular office ratew untH * o'clock p. m.. »la :
"VI stfc-»*e... • •- cor. 23*-«.- l» Bth-afe, cor.
r^'J-st HZ En»t I tth-ot.t SST \\>«t 42d-nt r k*
tween Itt and M* »v».; 2ISI Went IJU"itU-«t.« l-SCt*.
S«l-»»e.. betwewi T«l» aixl Hth at*; I^H3ii-a>r,
ZZw tint-at • l.Tll** lil-»ve. near «4tV*t.; 137 fc««t
l--s«h-»».x "<; rrriii«nl-.i^ m'*r.'ll*r?*t'-' aesr
BU-'okrr-at. Hr«»okly«. M. ♦"•'V*', 1
Dleerkrr-it. IlrooUlra. X. Y#-21« iJJ'y**; 1
a 1. "4 <tmlth.tt.i l.«»* Oate«-ate. .Vr«uk. ■. J.
—71V4 Uroad-*t. A'jo at A. D. T. edcea.

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