FINANCIAL

THE OCTOBER 18 1903FINANCIAL FINANCIAL FINANCIAL FINANCIAL FINANCIAL

CAPITAL STOCK 665OOOOWIRELESS TELEGRAPH I

OF AMERICA PAR VALUE OF SHARES IOOOO

ROLLINS MORSE ofDIRECTORS OF THE MARCONI WIRELESS TELECRAPH COMPANY OF

New EUGENE H of AttorneysatLaw W R BETTS New York ROBERT GOODBODY df Robert Goodbody Co Bankers

SPENCER TRASK of Spencer Trask Co Bankers New SAMUEL INSULL President Chicago Edison Co Chicago New York

of New LOYAL L SMITH Capitalist ChicagoHON former AttorneyGeneral of the

GUGLIELMO MARCONI Inventor JOHN D OPPE Montreal CYRUS a SEDGWICK of Hall Signal Co New York W H BENTLEY New York

CUGLIELMO MARCONI THOMAS A EDISON MICHAEL IDVORSKY PUPIN Consulting ngineersOne of the Safest and Promises to Be the Most Profitable Investment Lver Offered to the Public

i the had been equipped with Ireless have been completed with authorities of the St ExpositionThe neonle of America

n oy for the installation of the system theretests that been made with the in the past three of From scientific standpoint the the Marconi system will be of supreme importance Mr Marconi has corresponded with Robett

MArctic relative to the eQuipnent of his expedition with apparatus this should be reaches the

patched to them The and Italian the stationsCompany stockholders of Western Union and

The Company is in operation at South WeUncet M ihigh bankers merchants and professional men of the United States

otherCape Cod L Babylon Chicago Ill Milwaukee Wte and It is estimated that one Marconi earn per year not or 12 per cent on entire capital stock andplaces

United States Government has awarded the co

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with fourteen stations thenumber of Transatlantic cables in earnings would be over 10000000 annum net or 150 per cent on its capital stock which would makethe stock worth at least 1500 per cent above par The revenues of the American Transatlantic Stations are to be equally with the English

summary season of 92 Lakes shows that the money through storm or tog U 5300

a corporation doing

those who

There Are No Bonds Nor Preferred Stock Every Stockholder Being on an Equal Basis

Some of the Hundreds of the Recent Indorsements of the Press From All Parts of the CountryNEW YORK WORLD Oct 4 1903

UI on the marketyears ago it wont begging at SlOO a share then invented increased toJiooo00 proflts of an original Investor of

PITTSBURQ DISPATCH Oct 10 190BRIGHT OUTLOOK FOR THE MARCONI BtBTEM

NEW Oct Sixty warships of the British and to of the Italianare equipped with the Marconi WirelessTelegraph Company

CLEVELAND LEADER Oct 10 1903AX ATTKACT1VK IXVKSTMENT

Limited Amount of Marconi Wlr l M telegraph Companys Stock Offeredfor

ThcrcHUnntionof Devonshire was printed on Oct 1 the reductionho clividcntl of tin Stid Trust on Oct 7 on also n private

wail recVj fur pjoor iiiiHSfiigtr nd 2io words of Mr Ulasgow

btom Independently wealthy within a few year It Is likelyttoo In value son or even SCO fold

THE PITTSBURQ Oct 4 1903the MAUCONI TELEGRAPHCOM PAS 1 OF AMERICA Is believed to be conservatively the superior

There are station at Milwaukee anti Chicago and others United StatesThe the Marconi Wireless Telegraph Company of America promises ThepB nHniPKto be a profitable Investment and F P are offering a company affairamount A

Attorney imniI J New orttare H jtmrantce of wIt and progressive management of the

of any Investment that hasPHILADELPHIA PRESS Oct 10 1903

PITTSB1TRG Oct 0 The London Times maintained a daily Marconi Wire

id Investmentsfj Thn possibilities of an Increase In the value of Marconi securities are evengreater were in the stocks mentioned above

i LESLIES WEEKLY sept 10 1903-the Marconi Wireless Telegraph

America today are the ones who are certain to win greatU by future Increase In value of those stocks as well as the dividendsM and paid In the Interim Bell Telephone stock Increased

IJM worth per share and so Stooki willfrom 1500 Urn present to 11000 within a few Investednow becomes Us 000 within a decade It Is by wise Investments such as thesethat the great fortunes have been made

THE P1TTSBURQ TIMES Sept 29 1903The Marconi Wireless Telegraph Company Is anxious that the become

Interested In the company stock have been taken alreadyand is the company Installed In this country will beoperating expense is expected that large dividend earned

NEW YORK EVENING SUN Oct 10 1903PITTSBURG Oct 9 Special t Fivedollar sharei In the English corn

ore selling now in MS The Held of the MARCONI WIRELESSTELEGRAPH COMPANI Of AMERICA Is far wider and will greater profltsthan that of the British corporation The certificates of the

TilE CINCINNATI ENQUIRER II 1903PITTSBURO Oct 10 The securities of the Wireless Telegraph

Company of America which ore to the F P Ward Ato In value those of the Bell Telephone Comdany Stock

In the latter increased nearly 300 fold in it Is thatMarconi securities wilt show a greater Increase Only a limited amount cf theEtock is offered to the public

amount of stock is offered for RIO by F P Ward A Coburg and the Investment apptarh to IH a cry attractive one

NEW YORK SUN Oct 4 1903NEWS FOR OCEAN TRAVELLERS

The Papers Made Possible by WirelessThe week spent on the water uwri to b one during which It was

to know anything of thr doings of thy outside world and wasrMt but now ups of thc wireless vessel often In touchwith the shore on out Hide o the oernn or the other nil the way over

Only Inst week the Xeelanil anil different portson the other side ubout the did not sight each other until nearingthis port hut were in communication till tlm way A of was

between them one board on the one on theThe won nnd in the which is on the Zeeland a fullaccount of the game was printed giving every move made

NEW YORK SUN Oct 10 1903NEWS EVERY DA AT SEA

Marconi on the Lucanla Kept in Communication With Land AllWny

n Sppclal Cable to The HunB Signer Marconi was Interviewed at

today upon the of the steamer from New iork tic said thatcommunicitlon with the land daily and news bulletins were

published throughout the voyage

saloon who wire mostly British and Canadians cheeredMarronl t ntliU laxticully Marconi h was convinced that private pressservice Jrctit Brltnln and America by nuuna of his systemwould bo Btuhlifhccl In about two months

PITTSBURO D1SPATCM Oct U 1903

WORLDS NEWS IX MllJATLA tlC MARCONIS FEAT

Inventor Tells Dispatch of Remarkable AchIevementson thft Lucnnln

A 1500 MILE MESSAGEBy PEHCIVAL Stun Correspondent

Hpoclul The DispatchLIVERPOOL Oct 10 Slciior Marconi who arrived on the Lucnnla this

morning was jubilant over tho succi fs of his experiments on the wny over Illsthe transmission of npv lrOO n new record

But the apuctacuhr ftuturn of tile work wee the publication ofIn contulning the news of both of re-

ceived the wlrelissMarconi dencrlbed his to The who

met him on board I In constant communication with tho shorethe whole voyage he said Dally mws bulletins from the American andEnglish stations WITO In the first dally ocean newspaper The dis

received imd published Inchided a of Chambe-rlains speech at was prlntfd In midAtlantic establishingn

XrwR from Poldhu Cornwall station 1400 distant wererccolvid at the ems tlmu HS tlio o from Olace a distance of

miles The dally impor published on board contained the worlds newswere the ship the experiments on board

confined solely to receiving testS

That the Marconi System of Wireless Telegraphy is the greatest invention of all ages will be readily recognized and that it is a most promising field for investment now before the American public will be conceded by all thinkingWe are enabled to offer only a amount the certificates of 500 stock of the Marconi Wireless Telegraph Company of America at 500 each full paid and An early remittance is earnestly advised as the price of

the certificates will be materially advanced within a very short In subscribing make checks payable to F P Ward CoWe will pleased to furnish full and complete information including prospectus descriptions etc etc

l Ot Land Title Building PHILADELPHIA PAFarmers PSTTSBURG PA

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AMERICA-E E Rollins Morse ct Bros Bank LEWIS Eaton ct Lewis Iters York and Bqston

aJOHN WYork H H McCLURE McClures Magazine York United States

the Inventions discoveries of the world probably Steam the Telephone Electric the Phonograph is estimated least of have been avoided shore stations such as are contemplated had been Inm the and they paid large to the to per the operation and lake boat Arrangement thelions and to the moa and the Invented Marconi wirelessexperiment and Mrconl progressits successful to an but to be a The stem adopted by the E Pear theYork for its shipping news department by LodI the worldrenowned agency and In use the leadln he announce the fact to the at of departure He nay for nod and direct where tIn the Soon no any can to be the apparatus of property then be may be sent to him Every has buck he could not his base of and death lay beyond The Pearreduced to a minimum the of be at and the time of arrivals In case of be of this danger if Is equipped Marconi apparatus as I now talked ofsums be saved In reinsurance for Ihe of delay be known on shore en be The stockholder of the Postal Telegraphdi have Indorsed system Three are now being for the United States Government operators and lading

contracts for the in Alaska the hu thecompany the of the system in that which communicate with on the American Cut u It dOts and the revenues or the Transatlantic Stations to be the Americanat at sea may constant touch The two new Marconi s of increase In the value of are the Edi on Light Shares which atrecently opened and Chicago form the nucleus of the system which may embrace the

reaDof the GREAT LAKES cash one alter thcv were at 100 purchasers of the shares of CompanyThe Great form most for wireless telegraph service and of shipping on those inland only in York made over cent the

000the proposition is from a as they were oceans te an original of 100 In the during the ZS years of its existence have been ovr ZOO

the Great losalone and Eastman Kodak when first may now comfortably work original Investment

tho nukoolmtPUtt

upre iS8UId In formthan and are more than

N tt AU tb K o aldIt ICOpA of W-tIrele of the

IhAn Oct Among dtrcctor of the tarconI TplcanI r ph F Ior Bolon penclr track k orkIn the Marconi and that Investor wi to Is of stat

r presen

PitsPRESSruture cnDuclt of

conben many years

Rloc 0 at SUM a 2S from Cape Cod The 10rk Herald for theyt It In value that or then olin The Brtsh Lloyds have a withI ImOT thtui Elotrlc which at F P Ward a block or 1

0W for e8r later In the forse atsoa IlLimore on oerUfcate A rapid prIcekeEp

chlr nben At atcwho are In stock of n r

R 8tmCompany otDI orr0 ar

In can which I buto or SOct a

th °lrs apR milsIS nEENSTO n

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F WARD COM PANY ngr

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SUN SUNDAY L

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New York I

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or great and Telegraph Electric Power and t that at onehaIf that loss oud it suitablegreatest have from cent Admittedly greatestdestined useful profitable is Wireless Teave and aapplication commercial certain success

New it Is supplies assistanceSteamers world ng afford without Loss life and will turned becausedestination sea advance n yes will It withtris long overdue cause will vessels are disabled assistance CompaniesEnglish built railroad

and Cuban Government givenprivilege installing Republic will plants Enabling corn Company English are diided with Companysea with their offices stations securitks illustrated examples soldat Milwaukee respect entire 4000 within first offered Illuminatinga reason enormous waters business New 6C0 on investmentwire eta standpoint it investor Bell

on was bought shares offered live without

InWhen th Bell stock was first

iior 10000 ORK speech on Oct Tttt buIlittns200OOL

t IS1II the Sitem i wider than that B1l Telephone Unerauseriot unruonabIe therefore that fortunes made muntcate with the tnn at will On a recent of the ucanla more PITFSBURO th VjrdPfi

rnoIrtt Investmenti securities small WM collect Ia Inatallatton tnland Is progressing Steadily are New

erg

Th earnjng

BeU sold a are 1CM Ser1oe New uses the ireieesincreased 0 greatly t 10000 Invested would collection contractlp OOOO now Light shares were offered the offer small cer54000 II a Edison Company tideates WIRELES5TIEORAP hisa corporation doing business only in New t ork made than 000 per cent advance Ia looked for

Nearn tiiic nciicveIint WaM

Those thedally

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durin310010 cOncerns F P Ward Co are likelyvery likely increase to Increase 200 fold In value The supply Ia limited

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RXrEXSES CUT NET EARNINGS

Betterbull Market

An increase in operating expensesovercoming tho small Increase reportedIn gross earnings la shown by thereport of tho St Louis SouthwesternRailway Company for the fiscal yearended Juno 30 last made public yester-day The gross earnings exhibited anincrease of but 11315 but VicePresidentUritton states that the showing would havebeen much bettor had it not been for theeontinuously heavy rains from Novemberwa to the last of April and to car-

t ortago The increase In operuinR expenses lie says was due init measure to rain but more largely-

tho labor of replacing 272 miles ofH rail by and to the

HTieral increase in wages and the costall supplies As a result of the Increase-

n expenses net showed a de-f ease of 71783 After taxesintercut ic there aM flB43H a decrease of J 13340 comparedvit i previous year

There was an in tho companysf M lf cl dent of 312000 The

ioolc value in securities owned amountedJI741SI4 Sundry advances aggre-

pitini 1255338 wore made to subsidiaryr ia14 iindpr construction and for Improve-ment arid additions President Edwinnulcl

company has borrowed 600000o on advances which

is in the balance sheet undertIe head of current liabilities Yourdirectors do not deem it advisable to sellbonds At present prices

flIIA EXPECTS TO GET

Ess000000 Hill Multiply by Five theMoney In Circulation

On Mario Menocal a member of thecommission which came here

mnth ago to try and raise a 15000000Kin to pay the Cuban sailed

on the CastleHe said before sailing that

p loan to report has alreadypractically secured in this city life

r to Havnna said the commissionerto report the result of his to

President Palma and to have aCii in In loan law to conform with the

manus of the bankers This recomn nation will come before the Cubanf n rpss when it on Nov 2

theirnty can be had in this country as wo pre

although some of it will come fromreturn in a few weeks and

v by tlif flrit of the year the nc-Ktyiiicrs wilt be

Iif oistriliitlon of 35XX 000 In theMinry will bring a era of

Tlty to the hue amountriprM ntH about four times the money now

n in the IslandM nocul ru d to the name

li hanking concern which will takeii tho

Airiung the other on thelabile were SoAoia Curios ManuelIftH widow of tho President of

IP iJmi provisional government Inwar and OalftUi

NOTESM iiiiiii jr W nt-

n ad v ay beenii inMHiiit In piuiw of Mown r

rnh u crH-ij Sir

toai t u chairman of tlwcxocuI-MI itllcJ-

s Europe on hit

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CRESCENT SUlPYAnD TO

JutEs Klrkpttrtck He flu No Junediction In CtiRttanooBK Case

Judge Andrew Klrkpntrick of the UnitedStates District Court signed at Newarkyesterday the order permitting ReceiverJames Smith Jr of the United States Ship-building Company to open the Crescentshipyard at Ellwibethport for the com-pletion of the Mexican cruisersand Tamplco with money to be furnished-by the Mexican Government He alsoappointed James Smith Jr receiver ofthe Crescent Shipyard Company upon ap-

plication of the Long Arm System Com-pany of Cleveland Ohio whose counsel is

P H cf Elizabeth Thisplaced the shipyard company as an entityseparate the company

refused to actthe application of Eugene H Lewis counselfor Company boiler-makers for permission to withthe sale of cruiser Chat-tanooga A Sheriffs sale was orderedby A Miller a Supreme Court Corn

case had not been presented properlyThe sale was next

and It is probable that an will bemade to got a of certiorari to reviewthe proceedings before tho day sot for thsale

Judgo Kirkpatrick said that he had nopower to in tho Statecourt or to enjoin the of the Statelaw Tho law must course hesaid If the petitioners had authorityunder the Stato action in whichthey had rollef they might

his consent to a matter with which honothing to do

MALTING CO PICKING UP

Deficit Reduced In Year From MS80OOto ssisooo

The report of tho American MaltingCompany for the fiscal year ended Aug 31

was made public yesterday It showed anincrease in gross 135008 and In netsurplus of 83737 and a reduction In the

the company to 278181 which Is adecrease of Aug 31

of 1389380 on Dec 31 ISM when the pres-ent management assumed controlcompany its now fiscal year with2090115 cash 1708259 accounts bills

receivable and 1087108 inventories De-

ducting liabilities other than floating debtthe net working Is 4629688 Thenet alter charges depreciationAc amounted to 110491 284

cont earned on the 14440000 preferredstock

With the annual the directors Issuea circular to the stockholders in

a defence of their administration-and ask for in their support at theannual meeting It is presentboard II not In the re-sponsible for the formation of the com

or payment of any unearned divi-dends or acts of mismanage

following the organization Thecommittee

shall B chairman yesterday announced that a tothe directors circular

JVYOV TO TELL ALL HE KNOWS

Shipyard Truit l the Veal HearingBefore Referee

Lewis Nixon who Is expected to he thewitness when the hearing In the United

Shipbuilding action isr um d thatcH Examiner-H D on Wednesday next wildyesterday whim fluked what testimony

I mn going to tell nil I knowThe of Jama Smith Jr receiver

or the Shipbuilding company will be fliedearly

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GOSSIP OF WALL STREET

A very prominent room trader one whohas active crowd behind him said

We feel bullish on the market andthink Its purchase on every reaction Wesold stocks around the top prices todaybut that has nothing to do with our generalattitude We are carrying a lot of itooksand when we get a chance to turn tome ofthem over at a profit we do It of courseThere was a proflt in everything we sold today It begins to look If the liquidationIn the railroad list at least had spent Its

We have disappointed a goodtimes In to bull the market

We have had to dump our stocks repeatedlybecause of something unfavorable corningunexpectedly to light and there Is no tellingbut we may have to do It again Whatsbad will come out We have confidencehowever In the bull tide and propose tostick to It The po sibllitlcs of the shortside from dew on arc likely to bo limited

A majority of traders are more Inclinedto bull than to bear the railroad list

The verdict of broken after the close yes-

terday was that the market had taken stocksvery well There was heavy realizing notably-In Missouri Pacific Steel preferred Amal-

gamated Copper Pennsylvania and Atchisonbut further short covering more offsetthe profit taking and the Improvement begunon Friday went a little further The Waldorfcrowd while still bullish on the markettook profits freely-

In the early trading a considerable proportion of the room crowd was Inclined to workfor a reaction on the theory that Fridaysadvance had been too rapid but the sellingfor both accounts so well received andmade so little Impression on values thatthis sentiment gradually weakened Therewas a disposition at the close to expect acontinuance of the upward movement fora day or two more anyway A good manystocks sold on the opening were backin the late trading

Although the Increase of commission housebusiness on the advance wo nothing to boastof brokers reported on Friday and Saturdaythat their clients were becoming InquisitiveThey wanted assurances that the market hadturned Inquiries on this point doubledduring the two days of Improving valuesshowing that the outside Interest need onlyto be aroused The feeling In commissionhouse circles at the close of the week wasmore hopeful The following quotation fromthe advices sent out Saturday by a largerepresentative house Is fairly typical Thereis a growing that many tockshave already scraped on bottom and have

accumulated by strong parties so thatis less likelihood of any great selling

pressure liquidation therefore cannot beas severe although its end may not yet have

reachedeffective buying both on Friday and on

Saturday was largely of professional originbut statements sire heard on Stock Exchange and In various places around the Streetwhich If they are true mean that quiet ac-

cumulation of stocks for strong interestsbeen going on for several weeks It Is gener-ally believed that of the most prominentbanking houses Street has been ab-

sorbing Atchison In large amounts Thisbuying has attracted a great deal of attentionA house having Important ftnnndal connecIons Is said to have been buying stocksheavily through other brokers distributing-the business on a three and a shilling basisso that other brokers not only execute theorders but carry the stocks as well TIne

belief prevails that there been largeaccumulation of railroad stocks on this level

Heveral Weatern firms were much surprisedthe other day when a well known Wall Htreethoum through which they had been trans-uding a good deal rrquwtedt-rwm to take up their accounts Th stocks

bouso had been carrying for the Wtsttn

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firms were delivered back to them allday The Incident caused a pood deal ofcomment Xo explanations were forth-coming The house in question hnd carriedthese Western accounts all through the hearmarket and the accounts themselves artno less desirable at the present tliiia thanthey were a few months ore The theorywas advanced that perhaps the house hadundertaken to Wall Street Interestsall the stocks to be responsible forand for that reason desired to relievo Itcelfof the Western accounts The business ofcarrying accounts for other houses It onlymoderately profitable and would not be de-

sired over the regular straight commissionbusiness If there was enough of the latter

London houses traded on both sides onthis market yesterday their operations wereunimportant

In tho loan department yesterday thereappeared an active borrowing demand forPennsylvania and Steel preferred Therewas also a good Inquiry for AmalgamatedCopper and Louisville and Nashville Thesupply of Atchison was In excess of tine demand From the lack of Inquiry for In-

dustrial stocks It was Inferred that the shortInterest In that quarter of tho market hadbeen pretty well eliminated Therits be-

lieved still to be a large short interest In themarket especially in AiniilRUinalfd

Copper and Pennsylvania

Boston has always been more or less pro-lific of copper literature but Its productionsduring tbe past week have been so voluminousM to excite general curiosity Wnll Streethas been fairly deluged with them Almostall of this literature of course hire a bearingon Copper and It is extremely

advices received by WallStreet houses from their Boston correspond-ents tall to describe any wild speculativeenthusiasm there over this or any other copperstock and It Is a mystery where all the bullishwriting comes from A prominent Bostonoperator la said to bo active again in Amal-gamated Copper though there Is much dif-

ference of opinion as to which side of thestock he Is on The squeezing of a largeprofessional short Interest In the stock him

allayed the bearish feeling with which thelocal trading element regarded it prior to thedeclaration of the regular dividend Furtherhort covering was reported In the shortcession yesterday

Conservative brokers even though hopeful and Inclined to believe that the marketho turned discourage buying on the bulges

A bull market said a whom thatapplies Is not made In two days or twoweeks There will be plenty of time for allof us to get In

Criticism lat week of the manner In

which certain specialists offered down theprices of industrial stocks on market or-

ders recalled to the minds of old brokers theexistence years ago of a crowd that maim

a specialty of Inactive stocks and whn e

sharp practices became notorious Thin

crowd occupied an open space In ono cornerof the room and traded In stocks which were

not of enough Importance to have a place-

at any post It WM a saying among brokersthat one was lucky to come out of crowdwith his clotheS They called it Jerichobecause going to It with an order wine like

falling among thieves The crowd would

find out what a man wanted to do In n cer-

tain stock by forcing hint to bid orand then make the marketwas nil the more at the mercy of the crowdby reason of the fact that It spoke a foreignlanguage with The Block Exchangefinally passed resolution requiring thatbusiness In Jericho be transuded in liiglUll

A broker I expected to exmds discre-

tion but If In doing HO he commits an erroror there Is no excuse ho can otter

on tin other hand the berilli of hi

judgment If It happens to bi good In an

copied without thanks iimnug the NoitU

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SuccfMrul traders k rp well InformedTo dii in read our 401

niIUE TO INVESTORS iiml1IAKKKT IETTCH-

I Issued grntltJUIIrd free

MIGHT FREESE CO

STOCKS BONDS GRAIN COTTON

53 BROADWAY NEW YORKDetermlnln the chancier and nninclil re-

sponsibility ot your Broker Is as Important uiselection of right mock

I H LEARY GOCANKERS AND BROKERS

Members N Y llilatd Stock Exchanea41 and 43 Street ew York

llrexel Ilnlldlnn 1hlliidelpbliiSTOCKS BONDSGRAIN COTTOND-

AILY MAIlKEI LKriEII AND WEEKLY RE-JKV ISSUED

10 Per Cent on Your nancyof liiw 4 muii4luled 4MI

I hue for sale it client Wino must raisemoney ISttu of the tat Morticave Hold honda nfthe above company Knlctictt oiJ er Trust CoNew York trustees tar bund holders lnlcrrsipercent sciiilannually teuoinlnallon or bonds

each I am authorized to sell In whole orpart ut soil bond This will net Investor 10per cent on the Investment Address

SAMlICL I lUKMAy litCounsv lor at Law

Sth floor 177 IrnadnA Nei York City

orn Pacific panic on MarO iroi n well knownnn to sell oo Delaware

and hutton nt the innrkit When ha gotInto the crowd the best hid tot thn stockwiia JO If that nil bid Im afraidyou couldnt tOt the hlock whfii dr

he and went iiwny Fiveminutes later back and Fold the stocknt 143 It iniiclrt a difference of tseon toclient but broker was not thankedfor having iwd cool discretion momentwhen brokers nil around him were out oftheir hcidR A good brokers simplymnkn It a rule to cxpcute orders as arereceived avoiding the responsibility of percanal judgment

cruAX nojm of tsarAttempt to fict theta Together and Stis-

Kest the nrpnbllc to Pay ThemJ S Bacho A Co of the Now York Stock

Exchange are Inviting the deposit withthem of Mm Cuban bonds issued In 1899 tothe amount of 3luo X0 sinned byThoninn-Estrada Fauna Prenidont of tho Cuban

The firm states that a number ofbondholders have already de

their bonds and that itto endeavor to collect tho intercut thereonJ S llnclio said yesterday

The idea in to of the bondstogether tn make a Rood showing nnd wo-boliove if the Cuban republic lit

in a dlplomntio the Interestwill bo Payment of interest onthese bonds to have begun ono yearafter the ostabllnhmont of tho Cuban re-

public The interest is therefore nowabout a year The bonds

held generally In scattered nmnll lots

No ClidiiEr of II and O OfllcrnBALTIMORE Oct 17 In regard to tim

rumors of chants in Baltimoru and OhiooflloTs at the annual meeting in Nnvcmryr-PiFBi lriL I I Loico nuld Iat both FirstVicePrinidcnt irnselfwell BiilinuVd with Julie and that no

lie rondo

Wintemute PrintingCompany25 Spruce St New York

Seveii yiifliHT ie Aia lliloLnie iiiuchlnctrunning ami night us tine order

show iu proof In ti e murnlnMid driller order In uftcrnuoa Is tints thekind of wrvlic sou Our repul lliu furprumplWM i abwlutcly ulthoul an equal

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j L MCLEAN coBANKERS

Stocks Bonds and Investments

25 Broad St New YorkCITY DRANCHES-

Mi Uadlson av near EMI Seth stnroadway

Orders axrcuted for Investment or on martincni for our

MANUAL OF VALUEScontaining 1000 dying romiiarallve prices

for years volume ls veryuseful and valuable but be srnt FREE aboour Weekly Letter upon application

1rlvnte wire connecting our branches atPhlUdclpUlh and tatermcdliu polau Uoston

American MaltingCoNew York Oct 17 1003

Stockholders of theAmerican Uniting Company

Ilcferrlnit to the annual report of tine companyant to the statement of the present managementJuat sent to stockholders mail dated October 15

1003 the undcrsluncd will send to stockholdersn reply thereto oa October si 1003 Slock liooisdoa October Transfer jour Imme-diately Stockholders are requested to send theirproxies to Victor K lcllhenj lr 15 VllllumStreet New York City

Marshall S OrlgKsChairman

Joseph LetterW WutMi-

nArclilbitld A If ntchlnson-Vlctiir K JleElhcny Jr

Committee of Stockholders

Ridplys Firancial ForecastsLast Sunday In this column I Informed you tint

an Important bull movement was about to startand you lo buy StorIes My suKscrlberswere lold Monthly nornlnur to huy Copper around31 CI 13V Slel pfd 511 II 31 SoPaclllc S3 I N in and so oi rich through tine

list Subscribers were further Informed thaipointsmaipln WAS to hnlil erich our

All I continued lo iirue biiylaeon every little icuctlon I have been cflticivltar hiilllnif railway sinrki on breats for ten amt apMt And yet thy liae licen eriepliiK up evirsince Ailirusl 10 Itch SJ then 17 now

When we had that 12polnt rally In Aniriiit Idistinctly advised taklnc prnllti and selllnr shorttar a decline which came Tine Inilustrlali J hInt p to know aiiyhlnir aboutso wins Iow lo their If you caneel a better Unity Market Letter titans mine atany prim I shoi like lo sue It

Terms pei m ula inineihlnif on nowA HUM 11 ann ST N V

ALFRED MLAMARMA-

FM oHlK tXCIIAMil Ill IIDOO0 Mill VOI-

12tS WEST 12STH STBRANCH 39 FAST 0 srOFFICES 12 2jD

TEMHLE liAR BLDG I3KLN

8TOCKSCRAINCOTINVESTMENT SECURITIES

IOU IMIII u A ma r IKIT-

IUStanley B McLeanMember N Y Coniolidited Stock Cxchanjc

WALL ST EX BLDG

49 Exchange Place

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DIVIDENDS AND INTEREST

AMUOAMATKn COPPER COMPANY63 Hroadway New Vorle October JS IMS

At s miftlnir of the Directors ofmntcil Copper company a dividend of ONEHALOF OVB CENT M of was declaredPsychic November SO 1003 to stockholders of

nt 3 oclock p M Thursday October M03 Tranifrr boocs rinse at 3 oclock P Mthtirtday October nnd reopen at 10 oclock-

A M Monday November 0 1903-

WM O nocicniELLER Secretary 4 Treasurer

AL11SCHALMEHS COMPANYNew York Oct 15 IMS

The Hoard of Directors has declared the regularouartirlj dlvljcndof ONK ANt THREBQUAIt-TEBS IEK CKNT on the Preferred Stockof tintS Company payable November 2 1003 tostockholders of oa October 21 ijn1 Thn-Irrfrrred Stock Transfer nooks will be closedSaturday October 21 1903 at the dote of buMinM1 will be reopened on Tuesday November3 1003 at 10 A

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IHOlOSAlA

AQUEDUCT COltMISSIOXKRS OPTICSBoom o 207

Stewart Building No jso BroadwayNew York October 5 1M1

TO COVTRACTOnS-IlHs nr for rtolni the work and fur-

nishing the material railed for In the approvedfOrth nf contract on lie In the ciTiesAqueduct for furnlslilnit deliver

and plaelnt alulce gates and drainvalves with tile nece iary llfllnj macnlntryladder etc required at t o Jerome Park Besetvolr liornuirh of The Bronx time City of New Tonewill be rteilveij it oinee until twelve oclocknoon on Tiurnlay October 22 1803 They wiltbe opened by the AqucdurtM soon thereafter a possible and the award ofIhe contract for doln worn sarithe material will be made by aald Comml lonors a a thereafter practicable

of t approved contract an ththereof an1 or proposal

proper envelop for their erfclotiireami other Information cm be obtained at thi-nljove oinee of the Aqueduct CoaunliJloaerJ oiapplication to the Secretary

turther particularUshed at Nn 2 City Hall

Uy order of the Aqueduct CommissionersWILLIAM 11 TEN EVCK President11AKHY V WALKER Secretary

AQUEDUCT COMMISSIONEIU OFFICEItoom No 207

Stewart Building No 2 u Dro dwayNew York October t 1901

TO CONTRACTORSBids or proposals the work anti furnlitl

Inn tins for In the approved tornnf contract now on tile In the onco ofCommissioner lor furnUIUnit delivering erect

w plactnz cork valves special castlnrimid ladder for lbs Jerome Park tierctizM of The the City of New York will b

retelved at until twelve oclock noonm Thursday October 22 IW1 They wilt he pJb-

11lj by the Commissioner asatIn thirafter M poislhl an I the of tillrent run lor doing said work an I furnljlilnxmaterial wilt tie male by old CommU-sloners ai soon thereafter tw practlrable-

Illinlc forms of said approved contract salrperMratlnna thereof end bids or proposals andproper for their enclosurennd other Information cant be obtained at tinnbove oflie nf time Aqueduct CoinnilssloneMnpnllcillon to the Secretary

r ir further pnrtleulnri i publlshed at No 1 City lieu

Uy urdu of tile Aqurdift CommIssionerWILLIAM II TEN KVCKHAIUtY V iiMCnl i r ie-

AOfiailCT COMMIMMUllii u rjCB-Iliiatn NIL u7

Ktewoit Building No z BroadwayNe York October 18 190-

JTil CONTRACTORSor proposal for dolnj th work And tint

flitting the called for In the approvedlorn of contract now on Hie In time

Aqueduct Couimlsiloneri ruitlnz tlmhrthe niumU nn tile rrotag Rv r

Division of ihe new Crotnn Reservoir iu be ro-

at llls iiin unlll twelve iielocltnil VovetnbT V IMS They

opened by the Aqueduct romtnlsloneM-ai eon therejiiiir a puislbl ant the awfrt ofthe lunraci mar itnmic ill worn anti furnijlilnithe in ii r aii r4uirr l vill IK nude said CommUMoni r 01 ocn tlierinfter iw practicable

DnnU nrms nf contractllnof and tills or and

nroper for their eneimure form i tan nil other Informllon can be obtalnrq-

ut the a dove nIVe of the Aqueduct CommitMoners on to the crelary-

Cor further p rMcuUr see city pubItalKd ai No 2 City Hull

liv order f Viiietluet rnivml nner-WILLIAM ILTIA rVfB Iresl lentIIAIIHV IV WIKKR SiTinr-

yWrTin KS it n in M md itri ireMinlnrsfi bent invr iKUI ni Indj nr lirtt-

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