Newspaper Page Text
THE (REPUBLIC: STJNDM&. MY IS, 1902
SUMMARY OF ST. LOUIS MARKETS.
8G0 Per Cent Adva.nce in. Price
of Oil, F. 0. B. Cars, Is
Fast Forcing This
Stock tO 10 2L
Oil KAY GO TO $ A BARBEL
"With Only $100,000 Capital Detroit-Beaumont
Owns 50 Tank
Cars Outripht and Leases 17
The Guffe-Galev Company Is
the Only Company That Owns
More Cars, 75, and Their Cap
ital Is 515,000,000 Stock Ad
vances From 51.05 to 1.25
May 23 Dividend Limit Ex
tended On May 13. five d-ivs fro v. d.-te, the
price of IJi troit-Beaumon .lock ad
vances irom Jl 05 to !13 a share.
Tlu .ulunc; Is based upon the rc
iiiarkaLle appreciation of the com
pany s assets and the leavy ailvonee In
the price of oil Oil ha huna-cd In prko
Wl per cent in thr-e week-, mi! -urtracts
.ire now procurable at -5; a barrel fob
cars .it Gladj - niv This increase in
price means more 10 the Pctroit-B"' m
inont Oil Conpanj than an other com
pany optratiiK n lln Ta lil i The
r.i-n in plain for this companv actually
tinns fifty lank ir-, whl-h 10-t JlOwo
cash anil li is Uiims n'i seventeen addi
tional cats which gives it an equipment
of s'xtv-tcven tank tars actually in oper
atlon delivering- il product to the markets
of the South ith oil at 3 to 10 cents a
b irrel tills ompanv has been enabled In
tho use of its immense equipment to de
clare J pi r cent in dividends to date
With oil at -'. cents a barrel, f o. b
r-ir--, .ind sii -.pven cars at hind to de
liver contriMv. the Detroit Beaumont
iomp-inv i" dectiued. on the lnIs of its
f-i llilics. to become the greatest dividend
irrer In the lield.
.flOll.OOII Cn-ulnl V-jalnst ?l.".l)0(.(im.
Investors -diould not fail to notice th-it
fits lompanv, with S100C-W capital, oper
atci si-cty-seven fink cars while the Guf-ffv-Galey
CorapjiK . with JWttnuw cap
.tal, only operaics s-evcrtv -live cars The
spital of Detroit -lie uimnnt is onlj 1 13.)
..f the Gufliv Gilo umpanv hence the
Detroit-Beaumont ivunpany will pav Jl
dividends to shareholders where Guffe
Gale pav.s $1 on the 'ame amount of busi
ness done. Detroit-Beaumont, with JliX),
000 tipltal op-rates as m-iny tank car is
the Hevwood or Hlggins oil companies,
whose combined caplt.il is J3 CCO.0X)
I e Judgment in Iim cstliie.
Sensible investors will not he tempted
to invest a dollar in companies advertis
ing in tills market who sell stock at 10
cents at par and have JlWc-lO to $., 0"0
capital and not a single tank car. Invent
ing Is like voting, for it requires judg
ment and common s-ense to pick a good
President or a good stock. Tacts must be
the precedent to guide y ou in either case.
Thereforo jou should put all other com
panies alongside of each other and then
draw tl c deadly parallel
strong, I ncontriMcrtlule Proof.
Bearing In mind that assets must he
t-ingible prcpertv and not talk from a
-mooth-tongued promoter, we will call to
your attention to Just what the Detroit
Beauiiont has to offer as security for
vour monej that other companies advir
tlins in St Iuls do not claim or pos
sess. First -in honest capital of flOo.W).
with not one dollar of promoters" free
stock IS. C Chapman, the president of
the Tennessee CentraURallroad and ono
of St. Louis s foremost cll.zens. who Is a
director of the Detroit-Beacmont Com
pany raid good cash mone for the slock
Jjeovvns Second, owns l'fty tank cars, eo-t
SIOOjO, and lnaj-es and operates seventeen
more cars. Third, owns a private six-inch
pipe line to the railroad Tourth. own ade
quate settling and storage tanks I ifth.
owns a --real gusher flowing as strong as
it did a sear ago. in Block 56, within
! events live feet of the great Ground
1 loor propet ts. Sixth, owns ten acres in
fee simple, adjoining feplndlo Top. with
icom for over 100 wells, when it is proved
that oil underlies, the land Seventh, has a
suing clean and strenuojs Board of Di
rectors, who are rated at over $5 010,000
laghth. practical management and lm
ii. n-e equipment has enabled the De
v c t-Beaumont to declare 13 per cent In
tllv ir'erd-. 5 per cent of which is tne Slay
tiidnd. and will be allowed to all .share
holders of record up to May 21 M'lth,
It 13 always advisable to bus stock in
companies developed to a shipping point,
an J Investors are strongls ndvised to bear
in mind that just as sure as It takes ten
dimes to make Jl, just so sure does It take
ten sh ires of 10-cent stock to. equ il in
value one share of Jl stock.
Detroit-Beaumont shares are Jl par, and
the small cot of 3 cents above par Is very
lust, in proportion to the earning capacity
if the shares Stock bought now at JlOo
pas ". cents dividend on every shale on
llay stoclt on lis Merita.
We ask jour investment in Detroit
Beaumont stock on Its merits, for wo
know that when oil reaches $1 a barrel
the-e shares will be worth J10 to 530 each.
Standard OH stock sold nine years age i for
$1 .a share To-das the price is JW) a
share. Ten dollars invested nine sears
ago has grown to Jb.300 and $100 to SiU.
"ion stand the same chance to get r.ch In
Detrolt-Ileaurront stock, and sou are
strongly advised to send j our suliocript on
now at $10". before Mav 11. on wlilcli
lat" the stock goes to $1 i Orders dated
Mav 23 will be filled at JIOj and receivo
the" 3 per cent dividend Stock can be re
served by telegram at our expense. ITos
Dectuses. sent on application Address all
orders and communications to Ueavis Se
curities Compans. Suite 0G Security
Illd?, St Ixral". Mo. Phones: Bell Jlaln
1339M. KlnlOch A S3
oil mm fbi
Oil. STOCK INVESTORS tVe have the be-t
eomratij." Our shares are cieap aait alwara re
Mmable on ono weeks notice. Send for ftee oil
map ani3 propectu-.
Colorado Consolidated Oil Go.
311 l'INE STftUCT. bT. IX)UIS. 110.
'(JET THE FACTS."
Oil Investors Journal.
The truth and nothinc but the truth
concerning the Itenumont h'l 1 and other
Southern oil fields Arcurnte repon n
all companies free to subscriber" b-ni
M cents for t-rnos. trial subscription Ad
dress Oil Investors Ass n. Beaumont.
GRANITE MOUNTAIN OIL CO.
At a meetlnK of the Board of Directors or
the Granite- Mountain oil Company, held In
laumont. Texas. Monday. jAr?'J,i??rr.rt
dividend of to per cent was officially ieclared.
payable to all shareholders of record Way M On
that day tr books will close, and checks IB
Issued so as to reach ehareholders June UL, ijv.
D. O. I.lY'liU, Treniurer
end MttnaKlns; Director.
Beaumont. April 21. IXC
ZOO shares at yonr price)
riret comet Flrat nerreil.
BEAUMONT INVESTMENT CO.,
310 Lincoln Trust IlnlldLnir,
St. Lonls Mo.
t7e have always paid dividends promptly each
meek Safest, Ftronpest and most perman-nt
money-roaVer ever known. Our weekly dividends
treatly exceed the 5 early dividends of the rav
rnrs bank, with equal safety to principal, which
will b cheerfulls .rrturne,! on demand VI '
for free booklet. Jtferens by permlEloo.
Utnshall Drearer X. CO , lt!J Broadway. N. T.
VcsterJaj's local grain market was dull and fcitureless with tridlng m.ilnlj in the
hands of professionals Both wheat and com were weak at the opening, in line with :or
cisn mirk'cts. Liverpool was clVe on account cf the W'liitsuntide holiuass. but a curb
was held, at which p-ltes were gereralls lower In the lirst hour there was considerable
liquidation bv small ho'.iltrs. lteports from the Northwest e.-ustd a sharp reaction Ad
vices from Mli.ncapolls and Duluth were thi rainfalls in the spring-wheat icgion had
been oxccsMvc and that seeding would be serious j lmpolc,il-
Tradirs in corn w is light and there was little i.ili dim ind fcr outside or milling ac
count Prices were in line with the wheat market.
Julv vvneat opened '5c off and closed 1-lCe off.
July corn opened WiC olT and cloed aac on.
Juls oats closed ",e off
'lhcre-vtaj a good demand for produce and fruits and vegetab'es wete generallv steads'.
Tradics in securities was comparatively light, with values nracticalls unchanged
Ycsterdas's hank clearings were $7,310,13.:. balanna SToo,!:"". Discount rates were steady
between -l1 and P- per cent
Fpit cotton was. 1 16c lower In the local market
GRAINS 'CLOSE EASY
ON PROFIT TAKING.
KAIMA". HEI-OliTri DECIDEDLY
Heavy Ivains in Northwest Caue
Kally and Sttudy the
So far as prlco changes are concerned,
Sesttrdas'n local grain markets were almost
a blank At tho opening there was a rather
sharp do line In svmpaths- with weak r
eign markets Professional traders offered
tilt ir holdings frccls, fcllowing the wetk
jics of the Liverpool curb At the end of
the first hour v cither reports, aided th
bulls, anl quotations advanced There v ii
little nu'sture in the South and Fouthwest.
and an excess of rain In the spring win it
retlo!", where, it was said, the moistur;
v as a sensous backsco to see-ling
Juls wiNat oiHiied j,e ot and sold at
?:'.c Ti'.c ::,c t;'," tswc. t:sc. ":c. nsc.
W.c, TI'.i Tl'iC. T.c. TJ'.c
Tradinin corn was light and conhned to
scalpers There was little or no cash de
mand Juls ca-a opened 1H'r,iC off and sold at.
fl'iC 61J.C. Cli.c. Cle, CO'i. ,c. C)'r 61r
Iieceipts of wheat it St Iyiuis were ."005.".
bu , of vi hleh 93S sks and ". ears local .m 1
3 cirs through against 4537s bu , of which
all were loeil. In 101
Receipt of wheat at prltnars points 2S0.
331 bu .lgal-it 33SCVJ0 bu in 1C01 and tho
sh!pmci.is were "W.10I bu . ngiinst 33(1 000
bu rhev'ortliwit received S9 cats against
117 car-. .a vear ago Chicago received 333.
025 bu 'and Kansas City li.OOO bu 'I he
cleararo of vvluat and flour wete eqj..l
to 372 009 bu of wheat
llKporE.icf wheat and flour to Hurope for
the past week reported at 3.172 G35 tin .
against 1.302.2'0 bu a veek ago and S.Stjl.'JjS
bu a star ago
India ipment- of wheat to Hjrope for
the week, estimated it 241000 bu . against
210 000 bu tiiist week and I2O0" bu lat sear
ljecelpts of corn at St lyiu!-- were 34 200
bu . of vvh'ch 13 cars local and 1" ci s
through, ialnst "S,W5 lm , of v.hlch 1,741
sk- and .13 e-irs local and Jl cars through
Ile-eipts of corn at prlmarv points to-day
were 113 000 u . against 502 000 bu In 1-)1,
and the shipments thcrc.fom were 253 S32
lm against 770 000 bu chleigo reccive.l
td250 bu aim Kansas Cltv 32 tv) bu The
shipments amounted to 29 WO bu
Kxports of irorn to Hurope for the past
week reported at S2 7i" bu . a-;alnt 12o 7j3
bu a week agJ and 2.701 391 bu In 190L
Cash market Receipts of oats at St.
I.ouls were X.iTO bu . of which 20 sks and
30 enrs local ami 12 cars through as against
27 '"') bit., of w r ich 70 sks and 1G cars local
and 7 cars throjgh in 1501
Oats Use. ipts; of oats at prlmarv points
were 244 S'0 bu .vigainsMU.WO bu last icar,
and shipments were 443,333 bu , against C1.
CJ10 bu. The clttirancen were 6.07J bu.
Loenl Honey llnrLet.
Clearings were liavs for a fcaturrlaj, and there
was a tontinued br.sk Oeinnnd for cull and time
loans, with discount, rates sted between V2 and
o'i er ceat.
Aevv o,fiClk Carb StocKfl.
Reported tis C 11 I Walker 4. Co . Xo 310 orth
Pou th street.
Close Hid Ak
Anirlean Tin Can com . .. 124 3314
Do pfd . .... j l,rj
Uav Mate clii. . ..J 1. 2 2i
l-ritjsh Columbia Ciipr t ji
l-onsnlldate-t Kefrlsemtlng Jt LtK do ' L
Ulectrlc noat com ,. r -ui
Do nfd 43 CO
lllectrlc Vehicle com. -. - r'4 C 4
!. pfd . . V- l!'i U
Klectro-I-neumalic . - U 1
Enameling com .. . t?e, &ie2
Do pfd . . .. .. . H " c7
elfnenl Carriage .... r 2
i.crman Trcacurv 4 per cent lnn, 152-.
Oreen ConUldate-l 0per . . i ;r
Havana I'ommerclal con; . .... l'U 17
Do pfd .. . w"iS
Illinois Transportation , r . . s4 ifc
Jsew mtei-,5ani Oa-. 1st 5 p r cent. I
& J r . ..j . 11: in
Nw lork 171r-rli- tnlce Trans 13U jt4
7ve-v Pnetind RIectrle c hide Tnns l1! 1-
Otis I. levator com ... . '3 31
1) pfd . . 100 101
lloal Baking Powder pntl.. . 10.". D7
.Mboanl Air 3 Jne com - . 2- 2t 't
Do ifd . .. .. 46 4f;
"stam'nrJ OH of ev Jerk's . 52 C
lorace Power . . 4'4
Teltirflph, Telerhone a-d Cable r sU
Tenner?ee copper . J-. .11 12'3
t Ixuls Trail-It Co nm. 31 J3
Lnlled Street lls of he. louls pfd S4's ST",
Do f a. 4 4'.
V i of M. xlco 3s ... 1i-, "li4
Irrlnia Iron, Coal and Cokr ..... . 1 ir
Do 5s . . . -7 r
V. hit Knob Copper ... .. ... -14 22'j
Ncr. Sec Co S31- 1
reported li G II 'Valk;riL Co, No
1'ourih meet, t
Amerlcan Strawboard .
National Carbon ram, .
Diamond Mitch of Illinois .
lKe hlreet Klvated R. R . r
Metro-iolltan Street R. R. com.
National BIcult com. .,-..,
Di pf.l ,.
NorthwKtem Rlevatd com. . .
Do if 1
West ChlcaM) f-t Itj . ... ,
Union Traetlo-i eo-n. ..
Ho nfd. . . .
Amcrlcin Tin Can com . .. ,.
Do pfd . . .. ..Z. .
thlt-ik'r it Co. Lond, stock, eimmerclal paper
anl exchange brokers, No y North Pourth
fctrert. Quote excharre as fo'loj.
Neiv lork sea prcm
hlroEO 2-)e prctn
iuisviiie : ;. 2ocin5
Ntw Orleans .. r. par,
10c pre-n ,
CONSOLIDATION PAPER'S FILED.
Last Slop in Electric- Lighting
Companies' Morse r.
Articles of consolidation of the Imperiil
K'eetiic Light. Heat and Power Compans
and tho Citizens' Klictrle Uniting and
Power Companv, under the name or the
I nion Electric Light and Power Co-npan.
were filed, in the ohice of the I-corder ni
TJeeds vesterdav. The capital is-$10 000,000
of which $S 000.000 is preferred awl $2,C'0 0O)
common The tock is divided tito 100,0)
shares The preferred stock will pay S per
The follov ing are stockholders- VV. Roy
McCanne. 33,41fil-3 shares common' and 3,
654 l-2) preferred: fcilas w Burt. 9 LB 'hares
common and 9.13S preferred; Xorth Ameri
can Compans-, 2,605 2-3 shares comnwn and
065 2-3 preferred; Corporate Insurant Corn-pans-,
666 2-S shares common and 168 2-3 pre
f rred ,11 Jones 550 1-3 shares common and
1431-20 preferred: B. G. Bruckmnn. S JZ.
Rruckman. H T G Coates. II H. Davis,
J II Drabelle. T. I. Dlx. J. G. Hollidas".
Georre Mllimnk. Jr , M. Rvnn. S B, VVav.
II It Miller. George P.. Sheldon and C. vy.
Wetmore, each 22 3 shares comnum and
2-3 of a share preferred; J. S Walsh,
Itolla "Wells. William D. Orthwein IJ H.
Renoist. O. K. D Walsh Wllliim Ti llnar
stick. August Gehner. Charles II. 'Ledlle.
Philip Stock, William J Lemp. ' Henry
NIcoIols, William K. Nolker, Geo"VC J.
Kobush. II. J Hnnfor. S M Kninard,
Adolphus liusch and C Marquard Flirster.
each 1-5 of a alvaxs) common and l-3Jlof a
TAKEN TO THE PENITENTIARY.
Fifteen Prisoners Went in yCus
todv of Sheriff.
Jerrs' Sheehan. Chief Deputv SherlffA and
four assistants accompanied fifteen convicts
to the Penltentfarj 5eterday.
Among the prisoners was Thomas Spliln.
who was sentenced to serve five years in
the Penitentiary for beating his mother to
death. The other prisoners and their terms
of lm:risormcnt were:
Scphic Ellis, fifteen years; George Bug3",
ten sears; P.obcrt Reel, John Wlllard, WJ
llEro, Hussman, Sidney Ruscell and InoJa.
IJIanton. five ean each: Frank Hrennan.
fnni- tears- 'Robert Wehrhan. Joseph Trattt
and William La Prear. three ears each:
James Durkln. James Kelly and fcJla. .Ma
ton, two yean each.
STOCKS RULE STEADY
WITH BRISK DEMAND.
TKAXSIT WELL TAKEN OX
Dank Issues Stiong and Trust
Comp.ui Stocks IJule
Ttading in local securities was fairls
active, with prices gencralls stendv Trac
t ,m r.il brink stoels wire iii best demand
After openii strong at $32. St. Louis Tran-
, t ea--ed off to $31 S7s which v as tho best
bd at the close tnltid Railwass prc
forred was nrong at $SI S7' and ;S3. .and
the 4 pr cent lmnds were ti-s .t JS7S7'
Germania Ttuct opemd well at 521J o0 but
rnll,.l ,. 1)1. Vn,riem C ntuil Trust
was iir.n at $iS.f 30 and Old Mercantile cas
at HJ. 30 aiissouri i rust was uu ewe up
turn it $122 and $122.' ,
In the bark group, lloatmen s and Mer
chants 1-aclcde were the strong npots. Siles
of the former were trade up to $2J3 li ink
of e oniincrcc was al-o In fcood demand,
vvtth sIts at $?Q
St l.ruls Transit
tnltel Itallnajs ptd
lulled 1 allwas 4"
st Ljiiis and ubllan
M Ia als l nlnn Tru--t .
mrrican Central Tru-t .
Merianltle IrUfct tn-A)
Zteixinllle Tru-t (old)
C.nnmonnejlt-i 'Ine-t nil)
Ltoatii en a 11 ink
Hank of enm-nerer
Amerkan KxthunRe link
l.'cntlnental N it onal
Third Nation I
Mechanics Nation ll
lrewtr ;lu Ca
Vmerinn central Insurance
Mnuntirs Ilariware com .
blnnn. ns Hardware J'l III
Lailede O.' c H"
Ctnlrai coal and oke
entur llulldmp bs .
Lat M Dmls -
Khlloch TelI hone fs .
.Mln luri Fdi-un c-im
Granite II Metallic . .
4J st ly)uis Transit at
4jo st Louis Transit at .
$ a sT'j
z iy j.i Cj-i jO
$ :t S7j
. 3. DO
. il S7'3
. S3 0v
. I7 J.71-
:i: oo "
, 13 30
. 3-3 50
,. T3-. 00
. 3 'J 111
. 30 00
10 United Railways pf.l
TO t nlled llallnass pfd
9.0U) I iilt-d Kallwayi- 4s at
3 Itermanla iiust al
L il-rmania Trust at. .
5 Colorlal Tnit at
t. ht lx.uis f nion Trur at ...
13 Amtrlnon Central Trust at .,
.5 Old Mercantile Tru-t at
J3 Mi -.our! Iruit at
30 Missouri Tiust at
23 lloatmen's Rjnk nt . .. .
Z-i Uoalnen's Hark at .. ...,
3j 11. nk of CVmmerce at
JO Mnericau ;ecli inte I-ink at
a Vnierltan l.xihanse l,unk at
ID llilril National at
3) Laclele Gas ltd at
Veel' Hank ( lrnrlncs.
lesterdav's CI' itlns-!! ue -talemcnt 'liowcd
cleirligs S7Jt14o2 balances S7 s 4n Cbartngs
for the week wire UI,7.I. comiarel with !.
4i.37j last week.
STAT151Ii:T OK ASaOLITi:i Mth.
Loniis Have Dec-rensi-d S2J,01M, HM) in
the I.aiit AV eel.
New iork Maj 17 The statement of the as
sociated banks fcr the week cnll-ic to das -hows
Loans "3,t.3,Wi. decreae JiJiOSHX). dcpo-lts
J336 1B1.S0.J. ilrtieose t:t700u. circulitlon 531,
.Z,iy lncreaw $13 COO. 1' il tenders $7T. aSl.lJO.
lncreie J331 710. --lecie Sirs s25 v) ileerea-e $1.
601 0"). ustrve J3i3.3e7.000 dtireis :l,13-'v. re
serve required 5334 0J 17j decrra-e 55 til 1-3, sur
Ills fS 3f,;j lucre ise $1 Stj 23
The New lork Pinnchr this week ls
Tl e moit strlklnc feature of the oriklal tiate
mnl of tre New lork associated banks last
wek was the ledectlon of S23 30MO) In loans
There was a net lo--s of Jl 132 'W In cash anl a
dtcrta e, thrcuRh the nductlon of S3I073 70O In
cpo-ILs cf Ji.o1S.42j In lesrvc requirements
oar. quentls t"-e turph icserve was aUKinrnted
l JlKSo-'o, to jv-ij.323 A sear aro Hie sur
iiuk was S2i:S'i7. The c-ontractlon in loans
was churls foifhadow.I earl In the week
,en there was cvlibnce that the djnJIcate
w.'.lch had rccenU conducted verj large nego
tiations In railroad a-d other pmperttes. had
comileted their oeals. and iire-uninlils had te
lJld tho loans which thej had effected for this
r urpoe This eincellatlon ot loans tended to
restore this account of the banks to more nor
mal conditions und further contraction on Mon
da and Tue-n'ay. In connection with the naj
ini nts for the stel under vnting dividend ana
db burse nients on uecount of MexkaJ National
Itallroad re. rcarlzatlcn. and later liquidation of
loal s lv Mcckj and ocranae tiorrowers will eo
far to exiilaln the large reduction in this Item
shown lv the official nntemert It Is note
worth j that the loans of the bnnks now are
onlv Jif73.) Iilfrrer than thev were on January
2". and i ili.EOO creator than at the correspond
ing i-erlchl laet sear, when thes stoo.1 ot $Si5 -313.1W)
The reduct on In loins this sear, since
11-iTrh 1. lins been Jl) VH 7u0 ,
Tho net los of H, 122.300 eah ns al-oe stated
does net amee with the eMImaled results cf the
traceable movements of monev list veek such
estlmites In llc.ntlns n pain of Jl -3X!.4fle The dl
cie.ianev enn be explained enls on the theors
thit a larte movement of monev to lloston lite
last week caud tho lisnir return as regards
cash to be made on deIInlner averages
"UTie los or J2t.i)73 70-1 In deposits c-)rres:in''fl
vers cloelv with the to-al of the Increase In
loans an 1 the net reduction In cash, tin differ
ence being onlj 542 700 The statement In this re
spect therefore. U surprieinclr hnrmoniou. It
ma, be notid that the decrease In depcits since
J-ebruarj 21. when the mexlmum cf the senr was
recorded has teen SS3 312 300
Comparisons of changes in the items of loans
and si ecie of tile leading hanks show that elev
n ln.tltutloo lost J.171HX. OW of Ipan. while tiliC3e
eteien banks Indicate a decrease In specie to' a
nrt amount cf Jl ") rw Tlie larges low. in the
former were S-, 3fN) ec) Is ono and 51 70ihi bs
two- others while the notable cralns In specie
were J,,10000 bs one bank and $W,CK) bj an
Hoaston fill Slock- Sales.
llemstnn Tex. Mas 17 A meeting of the
Hoard of Governors nt the Houston Oil anl htuclt
Hxcliane wes hld to elei t cfflcers for the eOm
lne vrar The erricers arc r A Itelchnrdt.
liesllmt. John II IIrh. flrt vice presflent;
j. Houe eeeond lee pre'I lent. Ilrsnn Heard,
thlril vice I resident; George P. IVasson. secre
tarv To das's saler Ilc-lttv 3ft) at 2V.C " OiVI at 2e.
C0) nt 1"iiC. Heaumont fonfelerate 1 pO at 12i,e
InCependence. 3oo nt 30 Merchinls anl Me
chanics' 7t) at lV.c 0 nt lVc M . K &. T of
llenumont I W at Sir Mctor 4 'icu at 3t,c HIk
Kln. 9 at 561 11 at J03 Gr.oer CO) ot 3'4c Kqull-ab'e-
300 at lc rM at 4V2C. sour I.nke sprinc,
30 at Jloi). Maid of Orleans 1 000 at 2e; V.ur Iyike
1)11 li) at J13 30. National Oil and Pipe. 100 at $24-.
Grace. 3,0)0 at 3c
Ncvr York. Curb Market.
New lork Slav 3S Curb stocks were dull to-
das. and trading conv erred almost wholls in
Gencrnl Carrlapc. .vhlch v-as vers weak on tho
publication of ir-e re-onrnnizatlon scheme There
were about 4."") shares of tht3 stock traded In
en a decline of from 4 to 2"
There was a substantial recovery in Universal
Tooaceo which sained 3 points, to 3 Havana
commercial was strong on the statement that
the American Tobacco Interests weie about to
American Can pfd sold down to 33"! Stnrd
ard Oil was dealt in to a limited e-ctenl at $635.
IV ashington. May 17 Available cash balance.
$lsS0i3.')i, gold. $37.b3::M0
New Tori. Mas 17 Bai silver 3P.C per ounce.
Loudon steady nt J3 11-lCJ per ounce.
'I he Hunks.
New Tork. May 17 Mones on call noml-al
no loans to-da. Irime in-reantlle paper 4U'3
Eer cent, fc-erllns: exchange tlrm. with actual
jslnc-s In bankers- hills nt $4 S7SJI 871. for de
mand and at MHttl M-4. for td dass; posted
rates JtMilSS', and $4 sTiJ-jt SS. commercial
bills $4 S3'i4 64a- Mexican dollcrs 4P-C. Gov
ernment tionds steads': Stats bonds Inactive,
railroad bonds easy
New lor. Mas 1. Exchange $217.3s,33; bal
ances $3,41 E30
lloston. Mas 17 Exchanges $r.31.0S2. balances
Si 331) 531.
Baltimore Md . May 17 Clearlnirs Jl S3 W0;
balances i-73 tl For the week-Clearincs $33.
fel 479: balances 53,323 S3S Monejr C per cunt
Philadelphia. Ta . Mav- 17 Clearin--s J21.876.
E34. balances 52 3,8.533 For the week. ClearlnRs
1121.373,-517 balances $13,0i.,lili Money 4C.t5
Chlcai-o. Mas 17. Clearings $23,97t.7; balances
$1,433.1 Posted exchan-re M S3 for GO days;
94 S7l on demand. New lork exchange. 13c pre
mium. . . ., ,
Cincinnati. Mav-1, Money 4SJ6 per cent. Now
Ttrk exchanse ZDQVc. Clearings $2,C47.4jv.
OF WESTERN KANSAS.
One of the strongest evidences that the recent jrold discoveries in the Smoky River Shale of Western Kansas is
the intense interest iua.nifested by the people who are niobt familiar with the proposition.
The People Subscribe Freely.
$50,000 Wanted. 870,000 Subscribed.
The business men of Toneka were recently -jfiveu an opportunit- to subscribe $50,000 for the erection of another
100-ton reduction plant and in1, less than fortj, -ei?ht hours $70,000 was secured 520,000 More Than Needed.
A Long Mooted Subject Settled.
That these beds of shale are -jold and sih er bearing has been conceded for some two or more years by the honest
seekers after wealth, but whether or not these alues could be extracted upon a commercial basis was not fully de
termined until Dr. Fahrijr of Philadelphia actually demonstrated that they can be by mill runs made in the test mill
built in Topeka, his report of thcseiruiis showing at least
$1.00 Per Ton Net.
This is extremely conscrvathe, and vet, een at this rate the fact that Western Kansas is the Richest Gold and
Silver Deposit Thus Far Discovered in the World Is Absolutely Settled.
These Figures More Than Verify.
"While there has not jet been a general "clean up" in the large Reduction Plant owned and Now Being Oper
ated by The Kansas Pioneer Gold Shale Co-, there have been tests made which resulted in extracting S3.31 i-kk tox,
and this is at an estimated cost of $1.10 u h-TON, leaving the splendid showing of
$2.21 Net Per Ton of Shale,
With such results the land upon which the CHAPPELL MILL is operated will yield not less than $1,000,000
per acre, and the holdings of THE KANSAS PIONEER GOLD SHALE COMPANY may be valued at the enormous sum
of $500,000,000, or
Osie-HaSf BiSSion Dollars.
This Company is only capitalized for $2,500,000, and $1,000,000 of this stock belongs to the Treasury Fund, a
portion of which is being offered to the public at a ground floor rate of THREE CENTS PER SHARE,
This stock will advance to 4c May 20th, and 5c June 1st. Par value 10c.
You cannot buv Shale Laud unless you have a Pile of Monej", but you can invest a few dollars or a few hundred
dollars in the stock of this Company and thus become interested in the Greatest Gold Discovery of the age.
A Few Dollars itwested May Make You Rich.
Address and make your remittances to
Is the best and safest investment for investors. Never in years has an opportunity pre
sented itself to get such quick returns. We are not a prospect. Our mine is fully de
veloped. All that is necessary to make us a dividend payer is to build a concentrator.,.
Our stock is full-paid and non-assessable of the par value of S1.00 per share. Do not
miss the opportunity of your life. Buy now before stock advances to par. Make checks
or drafts payable to the Treasurer.
A. L. STEINMEYER, Secretary. JAMES L. CARLISLE, Treasurer.
Prospectus on Demand. 959 CHESTNUT STREET
WALTER VR00WIA.N TO START
GREAT CO-OPERATIVE STORE.
TrjliK-r o Rnlnc ?.".00,O00 o uj Stuck
for Jen I"iicrprli.c nt Kau-
I.jr.is cm. Md) IT. Waltrr Vrooman is
vigorously push'n-; hi"- co-operative cam
palsn in 'Kansas CIt. Mshtl) lie I"! holil
inr tno m-i-s meetl-gs. Ho ttarteil In last
JInnda- nif-lit Aith J. great tent, pitched
near the Iialtimorc Hotel. Snd seatlis 3 0W
pi rrons. .ind al;o with the Centurj 1 inater.
owreil 1)1 Jim Butler of St. Loul-. In We
theater he Is kimiik .1 free performance of
"Itin Vou Winkle." and, in his tent he has
-.audellle lKtwecn turns and acts there
are spteches on the advantages of co-
Mr Vroomnn's plan is to raise JW 00) for
the establishment of lo-opemtive itore.
the proms of which arc to go back to the
patrons cf it Entirely und rstanillns "-,'
he niUFt advertise, no matter hiivv wonto
the lause Mr Vroonnn is usinfr printers
ink a uniformed band to parade the strcts,
and his amusement attractions to gU his
irovvds When he pets his audiences be
fore him llr room in tells them that he
wants cveribodv to Join his moviment bv
the paj merit of Jl" wherewith to buv sup-
'' Those who contribute $10 which enn be
withdrawn b the transfer of the mem
bership card, are to he permitted to trade
at the prospective 'tore and to receive their
proportionate share In the profits Instead
of recelvtm, fo much per bhare they are
to receive a refund on the amount of their
purchases and in addition to that will re
ceive their proportionate share of tho
profits from the sale of goods to nonmem
bers Alrcadv J7fl00 has been ral-d. The
Vrooman stores in Trenton and Independ
ence are declared to be successes
Entertainment to 13c Given nt Y.
31. Ji A. Hall Tuesday Evening-
The Women's Tralnin-r School will give
evening Mav- JO. The programme will in
clude as a "special feature clever Imper
sonations b Mr. Edwin Rood.
The ladles ale anticipating a large at
tend incc and have made preparations to
accommodate a great many persons.
NEWS OF THE CITY CHURCHES.
TaAlor Acnne Baptist to Erect
The Tavlor Avenue Baptist Church will
Kirn contracts for its new chapel, to bo
bunt S "h? comer of Page and Euclid ave
nues, this week. This chapel will cost JU
ow and will be admirably adapted for
SSupcS uoriH It will havo a flnlshed base
ment 50x90 feet, a Sund-tj -school room 50:
a feet, a ladies' parlor SUM feet and a
main auditorium that will seat at least .W.
The side rooms are arranged to open Into
the main auditorium, making the entire
i-eatlng- capacity about 600
The City Al'sslon Board has appointed the
PIONEER GOLD SHALE CO.
Suite 5031-32 Century Bldg., St. Louis, Mo.
Suite 110-12 West Sixth
50 Cents Per Share
Reverend Doctor J T M Johnston and
:Mc-"-rs J U I.aPrelie and C U Tdell as
an "advisorj committee" in the erection of
The Reverend J I.. 15 ton Mauze. pastor of
the Central Presbyterian Church, will
preach this morning on "A Mcssa-ro to the
i:itlc:s" and this evening on "Where Is
Abel Thy Brother"" which is the second in
The Reverend O H Ducgins of Immin
uel Church will preach this morning at Cen
tenary SI E Church. South. Sixteenth and
THREE CONVICTED OF FRAUD.
IX-fi'iidiuits Wi-ic llt'inbers of
United Toilet Supply Company.
After a three -lavs' trial a luf,y,in the
Vnlted States District Court yesterday
afttrnoon in ten minutes returned a verdict
llndln-r C. O Perrin. Henrv v Calkins anu
A. S Barren cuiltv of condu?t!ng a s-eheme
to defrautl The defendants until l'ebruary
!C conducted the United Toilet Supply Com
panv in the Holland building
Post Office Insptctor Dice ciueil their
arrest at the request of several persons who
Mated tl.2t they hid paid the defendants
money for stock in the companv, but had
never rcreived my thing In return The
defenre tried to prove that the company
was unable to make any return aril that
when thev ceased to do bu.ines. February
2j It iv-i, beenu--. they were without funds
Pojrtepn resl-ients of St. J-ouis testified
that thev had paid the company turns
ranging from $1" to $13) for stock, but
hod never received any return for their in
vestment They were U. V. Rundell. K.
SIcAullffe. Henry Taylor. Glrard Howard,
q-lio ronasvlvaii'a Hill JliuinR Co, of Nevada offc-is- sb.treliolders an unpamllt-U-tl opportunity to make Wk
wLtu uktaBon.. ftom tho o5pi1. anrt not by simply .ellhtt har. It, directory and .ha-o-Holders
comprise some of the most prominent and reliable business men in the V .est.
Capital 1,000,000 shares. Tar -.alue $1.00. Full paid and forever non assessable.
Office open until 7.30 daily.
INSTANCES OF ENORMOUS PROFITS.
What the first investors have
Stock Mas Raised in the
(Joulct & Curry
we'wm JnlaSlsnysd e wh w opplneins, and hak suN
Sort Wto Il'SSrCSment which yon can safely leek away la yonr safe deposit bor. Make
checks iu fu or of liresident. Call or -n rite for full particulars and prospectus.
ILO SHALE PROPOSITION
Suite 739-40 Monadnock Bldg., Chicago, III.
Avenue, Topeka, Kas.
Bllen Stern. Lynn K Gould. George D.
Clement Thomas Vaughn, O H. Ballard.
C E Coleon 1". A. Klein. Frank Schmidt
and James Slahan.
Mahan tistliled that he gave the firm HO
PVbruary 15 and was engatcd as an office
man to dictate letters and attend to the
work of the ofiice. The next day when
he opened the office a man appeared with
a bill of sale and took the olllce furniture
av.ay with him and the members of the
firm did not appear at all.
SHOT BY HIS WIFE'S ESCORT.
Coy Lassiter and Fiimin J. Sniitli
Huntington. Ind. Slay 17 Firmln J
Smith is in jail in this city for shooting
Coy I-assIter of Whitley County, who prob
ably will die Smith was discovered in the
company of iJtssltcr's wife last night by
Lassiter and his neighbors, and a b'oody
encounter followed, in which guns and
clubs were used.
Smith is a prominent politician and was
a member of the Indiana L-gl'lature In
BRIEF SESSION OF ASSEMBLY.
Cliim-li licpiesent.Uion at World's
Fair Considerod at Springlield.
Ppringlltld. SIo. Slay 17 The Cumberland
Presbyterian General A.sembly was In ses
lon only two hours th's morning, when ad
journment till Slonday was taken. The Rcv
ircnd B r. Whitmore of California led the
devotional exercises. S V. Stephen, D D .
secretary of the church s historical society,
read his annual report, and the Reverend
mnsvlvania Hill While
f!F 9R.nnQ SHARES REMAIN AT Sl.00
made in the following Nevada mines
Stock Has Raised
$ 7.00 5 5-45.09
, 274.00 1,875.00
Best & Belcher
n Art 7-5 nn
. . 5...i.i XJ - -mfH nnrl AiqntTA tvlint TAMlMl RniTlO Is COIIlIllctt(l
CARLETON BUU-DlNti, oiAin
J. H. Henry of rittsburg. Ta . addreseir
the assembly, bearing greetings from thn.j.
Western section of the Presbyterian Alli
ance The Reverend U. P. JIcSIl'Hn of Louls-vlll-.
Ky.. introduced a resolution thit
promises some dUcussion. It piovldes for
.1 standing committee of seven to nomln-ito
members of the board and members of p-r-
marent committees vvhoe terms expire ar
Special committees were appointed on pul
pit endowment and to consider a proposl-
tlon for church representation at the Lou
isiana Purchase Expostlon. Doctor B P.
Fullcrton of St. Louis 3 a member of tne
Forest Tark University Exeici-.i-.s
Take IMate May 27.
Exercisra attending the forty -first rr-.i-moncement
of Forest Park University wii
be held Tuesday evening. Slay 27. in ln
SIcKee Gymnasium. The class of '02 ,J
Fifth Grade-Pearl Slay Corl. Webb ( ,,
SIo: Slarthi Gilmer, Clinton. Mo:..I. m,
Slgmon. Bonle. Te-c.; Joan Logan Winkl .
St. Louis; Nellie C HoM-rmaii, Cheto;:.
Sixth Grade Helen Louise Avd!-"
Sloweaqui. Ill: Sirs. Kent E. Koller. Eu
LouIe; Slabel Ford. Judi-onla. Ark.
Seventh Grade Slabtl Augusta Norr
A series of entertainments, includin-;
music ami elocution recitals and gym"a3ti
exhibitions, will be given by the grauuaU
in the week preceding commencement ul-,!"..
vJ .-1 .
lifi i -n' ?T rUX-jg. tt25ti2Zgz&.iri$id2ii