The San Francisco Call. Newspaper, May 21, 1901, Page 8

THE SAN FRANCISCO CALL, TUESDAY, MAY 21, 1901 SUMMARY OF THE MARKETS. Silver and Exchange as before. 1Wheat and Barley Futures lower. No change in Oats, Corn and Rye. Hay and Fecdstuffs as previously quoted. Pink Beans continue weak under heavy offerings. Potatoes rather weaker under larger arrivals. Onions steady. Tomatoes in cxcessive supply and lower. Butter, Cheese and Eggs [:Ieniifn'l and unchanged. Tcn cars of Oranges sold at a re Nothing new in Dried Fruits. Local houses cutting Hams and Mcat market unchanged. Tradjng light on the local Exchanges. uction. sh Fruits in ample supply and moderate demand. Lard. Dried Fruit in New York. | advices from New York eay: Currants continue very strong; prices un changed from Saturday’s close. Trade yester- day was fair, but the market appeared less sctive than on any previous day since the first trast to tin, as prices on mostly all Erldel were largely nominal and unchanged. Copper ruled at 17c for Lake Superior and 16%c for casting and clectrolytic in the local market, while in London it had a steady to firm start, but closed easy under realizing with spot quot- ed at £69 18s 9d and futures at £70 8s 9d. Lead ruléd unchanged both here and in London, | closing at 34 7% and £12 respectively. Speiter, while displaying some strength 1'in a small way at SL@6%C 3 ome inquiry for choice royal apri- sales of scmething over a car, in Atchison prefd Baltimore & Oh! Baltimore & Ohio pre: dvance last week. “Prunes are wanted in a hand-to-mouth way, | abroad, ‘was quiet and unchanged here. Do- with the market about steady. Some busi- mestic irop ruled dull and nominally easy at wae reported in du-0s. Oregons, at 4%c, | old prices.” Pittsburg reports very quiet mar- line holder closing out the balance of his | kets in iron and steel. Pigiron warrants, ¥ 50 at that quol | @1050; Northern foundry, 315 %616 5. ree-crown loose California raisins are | NEW YORK STOCK LIST. er at 3%c c were refused | ticaily all the oods here are held by | Stock— ded raisins are selling | Atchison | -boxes, being reported to a jobber. An in- quiry for low-grade peaches is reported from out of town, the bu ng 43%c.” | % ¥ 1re Weather Report. Meridian—Pacific Time.) NCISCO, 1901—5 p. m. e foliowing are th onal rainfalls to mpared with those of the same date last twenty- n, and rainfall in the [ Last 24 Hours STATIONS. 0.46 0.10 CONDITIO! FORECAS unsual change in pressure country west of the Rocky ring the past twenty-four hours, has vccurred over the eastern slope | ky Mo ns an unsually rapid of an area of high pressure sout i On the Pacific Coast the pressure from two-tenths tv four-tenths in ur hours, with a rise in temperature Lake City to Seattle of from 10 to and a fal. in temperature from d Bluff of from 12 to 22 degrees. falle from Point Conception to ino and in the valleys north of D GENERAL | degrees as M » is now moving rapidly northwest- | ver Northern California, and after a ring showers will cause generally fair, weather over Central and Northern | . a st made at | ending_midnighi showers 1n | fair else- | a | | fresh southwest w srnia—Fair Tuesday; h southerly winds. warmer; uesday: warmer in west- eastern portion; brisk to much colder Tuesday | south winds. Tuesday; fresh southeriy Cloudy co and vieinity—Clearing early in morning; fair during the day; warmer; sh southwest winds. ALEXANDER G. MeADIE, | Forecast Official. srcad methods. ta but with the public evidently factor in the market and disinclined to Sl & = * | ] | EASTERN MARKETS. J — - New York Stock Market. 11,600 | 1100 NEW YORK, May 20.—The late upward | 1};’)0“ movement of stocks last week failed to con- | “g'gy tinue t v. although there was some resist- | 3,100 the way of strength for indi- 1,200 There was a progressive decline | 19,100 nce of those special movements| 3% 11,100 sed with the market quite ac- | '1gn dedly at about the lowest of the | 1.500 211 around. There were one or two unfavor- | 510 new features during the day, but there | 200 were aiso developments which had a | 80 crable interpretation. The market was not | 400 manifestly influenced by the mews of the | 100 but seemed rather to move as the result | 4,400 ical causes. Taking of profits on last | 600 te rise was the princip# of these | 700 The market gave growing gvidence of | mment to the ciass of professional | 1,400 ratire, some of them of large $neans and | 9400 { - in There cbvious fact - the Orient lies at the root of most of the move- ot fuence yar was not explained ing was called go ever, in the late weakness and closed at a net | U_S 2s refunding N Y Cent 1sf lors” The weakness of Union Pacific was an | ToB - -106% [N J Cent gen Gs. effective factor in upsetting the market. Alle- | do coup % |Northern Pac 3 sations of a further issue of convertible bonds | G0 3 reg. -100 ] do 4s . to finance the purchases of Northern Pacific | 0 COUD . - N Y C & St L 4s. ck_were the prime factors in the siock’s | 40 mew 4s reg...138 |Norf & W con 4s. v " It closed at par, 7 points below | 40 €oup .. Or Nav lsts. Faturday's close, and at the lowest of the day. | 40 0ld 45 reg. 2| do 4s Other notable weak stocks were Atchison, do coup Or 8 Line 6s. which lost 4; Consolidated Gae as much:. | 40 5s reg. -108%| do_con bs Sop Manhattan, 3%; Rock Istand and | G0 coup {1083, | Reading gen 4s opolitan Street Railway, 3; Louisville, 2%; | Dist of Col 3. 12513 Amalgamated Copper, and a large number | Atchison gen ‘4s. of stocks from 1 to 2. A number of minor in- | 40 adJ 48 a als showed notable strength, although | Can So 2ds their best prices were reduced by the late | Ches & Ohi weakness. Among them were the international | G0 58 - - Peper stocks, American Linseed stocks, United | C & N W con 7s.. ubber stocks, National Lead stocks| 40 8 F deb bs. Rubber goods stocks. In American | Chi Term ds . 1 4 preferred and United States Rubber | Colo South 4s ains reached about 5 pointe |D & R G s ing of Burlington for | Erie gen carh, which was apparently connected with the | Ft W & D C Gen Elec 55 fact of the proposition for the Burlington deal ing_eonditioned upon the deposit of at least wo. thirds_of the capital stock on or before be ent ther 2htly arket o 1o the temptation of price movements. | xim of the professional operator to sell Show of strength and to buy them 2 a_decline comes i1 to interrupt the move- of prices sbefore it has extended far in direction and to bring the market con- nezrer to @ state of equilibrium. 'The 4 irregular and yielded all around izing, but recovered quite strongly | to 2 movement in the - coalers. | was some strength also Jamong the esterns, apparently on the score of pub- | reports of a projected mew steamship rom o Mexican port to the Orient. The that the struggle for confrol of transportetion of future trade products to | respe s working out in v gives any - transcontinental ter. suggestion fn this line an in- | The movement in the coalers was ap- | ly speculative. The strength in St. Paul | y any news, but the buy- The stock yielded, how- | Towa L & Nash uni 4s..102%| Wis_Cent At Canadian_Pacific Cansda Southern . Chesapeake & Ohio.... Chicago Great Western 6s. Chicago Great Western pre Chicago Great W. . Ind & Louisville prefd. & Eastern Illinols. & Northwestern.. Rock Island & Pacific. Ter. & Trans. Chicago Ter & Trans prefd. Colorado Southern Colorado Southern 1st prefd Colorado Southern 2d prefd. Delaware & Hudson Delaware, Lack & Western. Denver & Rio Grande.. Denver & Rio Grande prefd. T e Erie 1st prefd. Erie 2d prefd. Great Northern prefd. Hocking Valley..... Hocking Valley prefd Tilinois Central Towa Central . Towa Central prefd. Lake Erie & Western. Lake Erfe & Western prefd Louisville & Nashville. Manhattan Elevated . Metropolitan Street Railway. Mexican Central . Mexican National . Minneapolis & St Louis Missouri Pacific ... Missouri, Kansas & Texas. Missouri, Kansas & Texas prefd. New Jersey Central New York Central orfolk & e rfolk & Western prefd. Northern Pacile o Northern Pacific prefd. Ontario & Western PCC&StL. Pennsylvania Reading .... Reading 1st prefd. Reading 24 prefd St Louis & San Francisco. 41 St Louis & San Fran 1st prefd. 82 St Louis & San Fran 2q prefd...... 63% St Loui: uthwestern.... 33 St Louis, Southwestern prefd St Paul . St Panl prefd Southern Pacific Southern Railway . Southern Railway prefd Texas & Pacifis Tol St & W. Tol St & W pretd Union Pacific .. Union Pzctfic prefd ‘Wabash Wabash p : Wheeling & Lak Wheeling-& Lake Wisconsin Central Wieconsin Central prefd Express Companies— Adams rie 5 Erie 2d prefd. 50 40 Tnited States. Miscellaneous- Amalgamated Copper. 1131 2432 Car & F Car & F p Linseed ... Linseed prefd. Smelting and American Smeiting & R pre American Tobacco Anaconda Mining Co. Brooklyn Rapid Transit. Colorado Fuel & Iron Consolidated Ga: Continental Tobacco. Contiental Tobacco prefe General Electric . Slucose Sugar . Hocking Coal < International Paper . International Paper prefd. International Power Laclede Gas .. National Biscuit .. atioral Lead ... Natfonal Sait .. National Salt prefd North American . Pacific Coast . Pacific Mail People’s Gas . Pressed Steel Car. Presscd Steel Car prefd Pullman Palace Car. American ‘American American Amerjcan ‘American Republic Steel ........... Republic Steel prefd. Sugar Unjon Bag . Tinion Bag pre United States Leather. United States Leather prefd United States Rubber.. United States Rubber United States Steel Cnited States Steel Western Union 54500 Shares sold. CLOSING BONDS. s . Cent 1 | West Shore 20. The beginning of the machiniste’ M K & T 2ds. 342 | V.| Contuxige #trike and fears of & spread of labor troubjes | 90 45 .. i) yax the depressing influence and the advance MINING STOCKS. sterling exchange rates, with the decline of 2 h torling ‘at Paris, indicating further hhrpl::fl’l: fild,:f."' i " gm' i = 4 from here, as well as the heavy re. | Breese | Ophir, ceipte of the o " vaire - | C he bond market generally was dull and jr- | (-’n’,."".'ff."f‘\'v“."' 252"3 gn\lrm regulor with some yielding in the late trading | Deadwood Terra .. - 60 Sierra. srmpathy with stocks. Total sales, par' Horn il 113/ Smail Hopes United States bonds were all tinchanged on | Iardeiie fon - stancons 7 the iast call Treasury, discouraged the bor. ‘ng of meney for speculative purposes. Brunswick Con BOSTON STOCKS AND BONDS Ancther pronounced advance S nof Tin. both at New Yerk and in & ndon: par, | cMoney— | West End T cutarly the latter. Prices there rose £2 55 on | Ti, oo 435| Westinghouse El.. 62 #pot and £3 1% on futures before the demand | T hepct® A o rubsided. The Close was strong with spot a7 Atchison 4s . 101% cuoted at £1% 78 64 and futures at £123 17s 83 & C 5. o4 fd. On receipt of this information values hera 01 Miuiog Bhares— sévanced sbout €9 points and sre mow about | e, e = ihe rame as Iondon fgures. mot counting | Am Telephone....178 | A nehein Mag: Co. S reight charges and other expenses. The mar- | Boston & AIb&ny { S tarats ey < ket here , | PEACHES—Peeled, not as active as in London, but showed conriderable strength, closing strong &t 27 50@%, despite the fact that supplies in | this country are still heavy. The improvement | in London was due to s speculative movement, | rather than to consumptive demand, end stili | bigher values are looked for. The volume of buriness in London reached large proportions. The rest of the metal list was in strong con- Boston Elevated...185 | Boston & Mon! Boston & Maine. 1% |Butte & Boston, Chi Bur & Q. 1954 Calumet & Hecl: Dominion Coal ... 551 Centennial Dom Coal prfd....115 | Frank!i U8 Steel "y Humbelat U 8 Steel pred.... 84 Osceola Fitchburg pred |14 P Mexican Centrai 3 'Gbiney - . N E Gas & Coke.. 10%|Santa F Copper. 0Old Dominion 31 |Tamarack .. Rubber ...... 22 |Utah Mining. Union Pacific 100% | Winona ... Union Land .. 3 | Wolverines New York Money Market. NEW YORK, May Money on call firm at 4@7 per cent; last loan, B%%; ruling rate, 4% Prime mercantile paver, 4@4% per cent. Sterling exchange firm, with actual business in bankers' bills at $i88%@4 S84 for demand and at $484% for sixty days; posted rates, $4 85%@4 89; commercial bills,” $4 S3%@4-34%. Silver certificates, €0c. Bar silver, 5%%c. ™ ‘Mexican dollars, 49c. State bonds inactive; Government bonds steady; railroad bonds irregular. London Market. NEW YORK, May 20.—The Commercial Ad- vertiser's London financlal cablegram says Speculation was dormant on the Stock Ex- change here to-day. The tone of the general market, however, was steady. There are many signs of returning confidence in Ameri- can shares. They opened well, with some ac- tivity, though about a dollar below_parity, and early 'sales by cable here for New York caused gome sagging. Then, however, there was a rally to the best prices of the day, under the leadership of the coalers. Northern Pacific spurted 10 points. Copper was firm.. Money was firm. CLOSING. LONDON, May 20. — Consols for money, 94 3-16; for the account, 94l3; Atchison, 81: Canadian Pacific, 107; Union Pacific preférred, 31; Northern Pacific preferred, 104%3; Grand Trunk, 11%; Anaconda, §%; United States Steel 46; United States Steel preferred, $6. Bar sil- ver, quiet, 27%d per ounce. Money, 2@3 per cent. Condition of the Treasury. WASHINGTON, May 20.—To-day’s statement | of the Treasury balances in the general fund, exclusive of the $150,000,000 gold reserve in the | division of redemption, shows: Available cash balance, $160,581,904; gold, $95,637,728. 3 = - ¥+ New Yerk Grain and Produce. ‘ =] 20.—FLOUR—Recelpts, Fairly active and firm NEW YORK, 15,007; exports, with wheat. ‘WHEAT—Receipts, May 4440, 354,500 bushels; exports, No. 2 red, §2%c . 2 red, T9%c elevator; No. 1 $3%c f. o. b. afloat; No. 1 Options opened Northern Duluth, , | hard Duluth, %c £. o. b. afloat. 2 | temporarily rather easy owing to foreign sell- ing, but quickly recovered and ruled firm up | to the last hour on hullish weekly statistics, | active covering, influential buying at Chicago | and less favorable crop news. They finally vielded to realizing and closed about. %@ | net decline. May, $0%@813%c, closed 80%c; Jul. 83:@79c, closed TS8izc; September, @ | closed 75%c. | HOPS—Quiet. HIDES—Steady. WOOL—Quiet. COFFEE—Spot Rio, quiet; No. 7 involce, 6%¢c; | Cordova, $%@12ic; mild, dull. | “Coffee” futures closed quiet, | unchanged to 5 points Juwer. but Augus | ber, $5 65@5 75; December, @6; March, $10@6 15; April, $6 20. SUGAR—Firm but quiet: falr refining, 3% | centrifugal. 96 test, 4 9 Molasses sugar, | 3%c. Refined, quiet. | " BUTTER—Receipts, 9600. Steady; creamery, 15@18c; factory, 11@13c; imitation creamery, 13 with prices not @ic. . EGGS—Recelpts, 15,955 packages. Stead | Western ungraded, 11@13c; Western storage, packed, 13@13%e. DRIED FRUITS. NEW YORK, May 20.—Evaporated apples, quiet. State common, 3@4%c; prime, 41:@4% choice, 5@abic; fancy, 6@ehc. California dried fruits inactive. PRUNES—3% per pound, as to size and | quality. APRICOTS—Royal, T%@12; Moorpark, $4@ | 13c. 12%@20c; unpeeled, 5:2@ 10c. * % Chicago Grain Market. e | CHICAGO, May 20.—1u response to the Liver- pool market, which faiied to follow Satur- day’s advance on this side, July wheat opened | % lower to unchanged at 72%zc to 72%c. During the forenoon, however, the price rose to 73%c. This was based chiefly on the purchase of approximately 2,000,006 busheis by a single firm, although the statistics were sufficiently ® | bullish to aid materially in enhancing the val- ues. Traders who were short of July in most cases covered on the advance. At 73%c the ad- | vance was checked by the heavy sales of an | influential operator. He unloaded about 2,000,- | 000 bushels at 73 or better and sold until the | price reached 72%c. The market closed steady; July unchanged at 72%c. Corn held firm in th: face of very heavy re- ceipts because one firm bought a quantity esti- mated at 0,000 bushels of July, believed to be mostly for shorts. May was also in de- { mand. July closed %@t%c higher at 4i%c. May | dlosed 1isc higher at 4Sc. Oats were active and strong on a demand from country interests. July closed %@%c higher at 28%@28%c. Strength in lard was the feature in specula- tive trading in provisions. The market was also | helped by the corn strength. July pork closed | 74 higher, lard 10c up and ribs 5G@T%c im- | proved. The leading futures ranged as follows: Articles ‘Wheat No. 2— Open. High. Low. Close 3% 1% % 1% 2% TN % 2% 463 48 4% 48 Jul 4% 45% 441 4474 | September . 4“4y ETEY “y% 4% Oats No. 30 0% 30 30% 8% 2 28y 287 September . 2633 2% 26% 26% Mess Pork, per bbl— | May T2 1480 1472% 1480 July 1485 1495 148 14 8% September . 1485 1490 14 8215 14 873 X Lard, per 100 1bs— | May 820 825 820 825 July . S07T1 817% 8074 5178 September . 5100 82 810 520 | ~Short Ribs, per 100 1bs— | May 815 815 815 8 15 July 7902% K00 September . 790 1% Cash quotations were as follows: Flour, | steadier; No. 3 spring wheat, 69@73%c; No. 2 | Ted, T3%@T3%c; No. 2 corn, d8ic; No. 2 ‘vellow, 1Ginke; No. 2 oats, 30G20%c:’ No. 2 white, 30%@30%c; No. 3 white, 20%@31%c; No. 2 rye, 543%c; good feeding barley, 50@Ssc; choice malting, 56c; No. 1 flax seed, $1 70; No. 1 Northwestern, §170; prime timothy seed, $3@ 335; mess pork, per bbl, $14 30914 85; lard, per 100 1bs, $7 50@7 62%; short-rib sides (loose), $8@ 2 20; dry salted shoulders (boxed), 6%@7c; short clear sides (boxed), $8 121%2@8 25; whisky, basis | of bigh wines, §125. Articles— Recelpts. Shipments. | Flour, barrels Wheat, bushels 61,000 526,000 ! Corn, bushels . 1454000 91,000 Oats, bushels +222.807,000 265,000 Rye, bushels . e 4,000 6,000 Barley, bushels <S50 5as e 000 6,000 y the butter ©On the Produce Exchange t 1814c; dairies, market was firm; creameries, 1 15@15%c. _Cheese, eteady, 10%c. Eggs, steady, 1@11%e. *- s e e S Foreign Futures. i) LIVERPOOL. * ‘Wheat— pt. Opening £ Closing ... oFvheat— ; Opening Closing Flour— Opening Closing - New York Cotton Market. NEW YORK, May 2).—Cotton closed un- changed. B Chicago Livestock Market. CHICAGO, May 20.—Cattle—Receipts, 26,000 Choice steers steady; others,shade lower. Good to prime steers, $510@5 ¢5; poor to medium, $4@5 05; stockers and feeders, 5; cows, $285 @4 G5; heifers, $290@4 85; bulls, 32 10; calves, 13 50@5 50; Texas fed steers, $i 40} Texas bulls, §2 75@3 85; canners, $2 16G2 8. Hogs—Receipts to-day, *85,000; to-morrow, 19,- 000; left over, estimated 1500, !laldg to strong, active; top, $. Mixed and_butchers, &M 5 95; good to cholce heavy, $5 85G6; rough WY, 53 655 50; 5 028, Sheep—Recelpts, ight, §5 65@5 90; bulk of sales, $5 S0@ 18,000: sheep steady to higher, active, Good %0@4 60; Western sheen, rlings, $4 5064 75: native estern lambs, 4 85@5 14 isible_G rain—SuM’ly. NEW YORK, May 20.—The statement of the vmb{a supply of grain in store and afloat on strong: lambs st s M mb: Strong to J0c olce wi Satitday, May 15, s compiled by the New, ork Pro Exchange, is as follows: SWheat, 42,405,000 Dushels: dccrease, 323,000 bushels, Corn, 15,013,000 bushels; decrease, 1,425,000 bushels, Oats, ' 10,124,000 bushels; decrease, 725,000 bushels. Rye, §2,000 bushels; decrease, 10,000 bushels. bB;rl-y. 926,000 bushels; Increase, 199,000 ushels. Foreign Markets. LONDON, May 20.—Consols, 0% silver, 27%d; French rentes, 10if Gic; cargoes on passage, aqufet and steady; cargoes No. 1 standard Cali- fornia, 30s; English country markets, steady; import into United Kingdom, wheat, 275,000 tmport into United Kingdom, flour, 249,000; wheat and flour on passage to United Kingdom, 3,420,000; wheat and flour on passage to Conti- nent, 1,890,000, LIVERPOCL, Mays 20.—Wheat, steady; No. 1 standard California, 6s 1}d@0s 2d; wheat in Paris, quiet; flour ih Paris, quiet; French country markets, firmer; weather In England, fine, warm. COTTON--Uplands, 4 5-16d. CLOSING. WHEAT—Spot red Western winter No. 2 58 11%d: No. 1 Northern spring, 6s }%d; new California, 6s 1%d. Futures, quiet; July, 55 11d: September, s 10d. CORN—Spot, steady; American mixed, new, 43 %d; do old, nominal. Futures, quiet; July, 3s 11%4d; September, 3s 11%d. London Wool Sales. LONDON, May 20.—7The wool auction sales closed to-day with offerings of 11,952. Competi- tion was fair and priccs were generally firm. At the opening of the series merinos met with 2 good demand at unchanged rates. German, French and home buyers operated with great freedom, particularly when New South Wales and Queensland fine-haired stock was offered. This competition soon advanced the price of these grades 5 to 7% per cent. Medium and in- ferior grades also hardened 5 per cent, but later, owing to a fallng off in the volume ot Continental competition, values receded somewhat. The close, however, was firm at par to 5 per cent aboye the March average. During the scries 225,517 bales were cata- logued, of which 103,000 bales were sold on the Continent, 4000 to America, 48,000 held over and the remainder to the Lome trade. Portland PORTLAND, Of., May Talances, $56,421. Northern Wheat Market. NMay 20.—Wheat—Walla s Business. —Clearings, $351,064; PORTLAND, Or., Walla, 6lc. TACOMA, Wash., May 20.—Wheat—Quiet and blue stem, 6ic; club, dic. *- * Exchange and Bullion. Sterling Exchange, 60 day S p Sl e Sterling Exchange, sight. -y 48 Sterling Cables - 48 New York Exch: - 10 New York Exchange, teleg: Ead 1214 Silver, per ounce. - 59% Mexican Dollars, no: 9% @ W Wheat and Other Grains. WHEAT—The forelgn markets were steady to firm, and without especial feature. The world’s shipments for the week were as fol- lows, in quarters: Russian, 232,000; Danubian, 120,000; Argentine, 97,000; Indian, 5000;. Aus- tralian, 5,000, There was a decrease of 1, 000 bushels on passage, and the American vis- | ible supply deceased 3,263,000 bushels, Chicago opened a shade lower, but subse- quently improved. There was a good shipping demand and good buying orders at the decline. The Northwest purchased July freely. Kansas City wired that country acceptances Were ex- tremely lght, considering’the high Bids sent out from there Saturday night. = In this market futures declined le, but ship- ping quotations_were unchanged. Spot Wheat—Shipping, 95%c¢; na 103% per ctl. CALL BOARD SALES. Informal Session—9:15 o'clock—December—4002 ctls, §103%: 6000, $1 03%: 12,000. $1 03%. Second Session—December—4000 ctls, $1 02%. milling, Regular Morning Session—December—14,00) ctls, $1- 20,000, $1 02%. Regular Afterroon Session—December—2000 ctls, $1 02%; 15,000, $102%. | | | BARLEY—Heavy recelpts and the rain gave | the market a weak tone; buyers continued to | hold off and futures were still lower, | Feed, 75@TT%c for No. 1 and 70@72%c for off grades; Brewing and Shipping grades, $0@ 85¢; Chevalier, nominal. CALL BOARD SALES. Informal Session—9:15 o’clock—December, 2000 ctls, 70%c; 4000, T0%c. Second Session—December—10,000 ctls, 70%c; | 2000, 70%c; 2000, 70%c. Regular Morning Session—December—8000 ctls, 70%ec. Regular Afternoon Session—No sales. OATS—Dealers reported trade very dull at the old quotations. White, $1 #%@1 55; Sur- prise, nominal; Red, $1 8@1 45; Black, $1 17%@ 130 per ctl. CORN~—The high prices still rule under ex- termely light offerings. Small round Yello $1 50; Eastern Yellow, $1 27%4@1 30; White, §1 35; mixed, $1 25@1 27%. RYE—30@82%c_ per ctl. BUCKWHEAT—1Is quoted at $1 65 per ctl, ex- warehouse. Flour and Millstuffs. FLOUR—California Family Extras, 8 %@ 350, usual germs; Bakers’ Extras, $3 15@3 Oregon, §2°50@2 To_ per barrel for family and $2 75@3 for bakers'; Washington bakers', $2 75 3. G ILLSTUFFS—Prices In_sacks are as fol- i lows, usual discount to the trade: Graham Fiour, $3 per 100 1bs: Rye Flour, $275; Rye Meal,’ $250; Rice Flour, $7: Corn Meal, $3; extra cream do. $§3 75; Oat Groats, $4 75; Hoj iny, §3 ip@4; Buckwheat Flour, $4@4 25; Cracked heat, $3 50; Farina, $ 50; Whole Wheat Flour, $3 25: Rolled Oats (barrels), $6 35 @7 85;_in sacks. $6@7 50; Pearl Barley, Split Peas, $5; Green Peas $6 50 per 100 lbs. Hay and Feedstuffs. No further receipts of new Hay were: re- ported yesterday. Prices for everything in the list remained unchanged. BRAN—$16 50@17 50 per ton. MIDDLINGE—$17GM9 50 per ton. FEEDSTUFFS—Rolled Barley, $17@18 per ton: Oilcake Meal at the mill, $25@26; jobbing, $%6 50; Cocoanut Cake, $IT@1S; Corn Me: 27 5‘;@25; Cracked Corn, $28 50@29; Mixed Feed, 15 6. 5 fy}laAY—Volunteer, $5@8: Wheat, $11@13; Wheat and Oat, $9@12; Oat, $9@11 50; Clover, nominal; Alfalfa, $8@9 50; Barley, $7 50G9 50 per ton. STRAW—35@47%c per bale. Beans and Seeds. A turther slight reduction in Pink Beans s reported. Otherwise there {s nothing new. BEANS—Bayos, §2 45@2 60; Small White, $i 90 @; Large White, $i@4 20; Pink, $140@1 70 Led, $3@3 25; Blackeye, $3 10@3 25; Limas, $6 25 as ea, nominal; Red Kidney, $4 75 per ctl. SEEDS—Brown Mustard, nominal; ~Yellow Mustard, nominal; Flax, $2 0@3; Canary, 3 3%c for Tastern; Alfalfa, nominal; Rape, ’}8 2%c: Hemp, 3%c; Timothy, 6%c. DRIED PEAS—Niles, $2@2 50; Green, $2 70Q 3 per ctl; Blackeye, nominal. Potatoes, Onions and V' ege?ablc:. Potatoes were in heavier receipt, the ar- rivals being 7268 sks, of which 4018 were from Oregon. The market had an easier tono in consequence, though there was no particular decline. Old Burbanks from the river are rapidly diminishing and will scon disappear. Onions are steady and unchanged. More Marysville Cucumbers were received. Tomatoes were In.excessive receipt, Los An- gelea sending in 1437 boxes, and prices were wealk. Other vegetables were in free supply at about former prices. Recelpts were 1004 boxes Asparagus, 189 boxes Rhubarb, 427 sacks Bay Peas and. 134 sacks String Beans, N ATOES—Farly Rose, Sic@$l: Burbanks, 1 for River and $1 25@1 50 for Oregon; Garnet Chiles/ §1 25G1 50; Sweets, 60@5c for Merced; New Potatoes, 1%4@2c per 1b in sacks and $1 60@2 15 In boxes. ¢ ONIONS—Australians, jobbing, at $i@4 50; affl’l Onlgm. 25@35c per box; Néw Red, Tsc@ er sack, VEGETABLES—Rhubarb, _#c@s1 S box: per box for No. 1 and 25@50c for No. 2; Green Peas, 6ic @$1 per sack; Garden Peas, 2@2c; String Beans, 2l@dc for Vacaville and 5c for, River; Capbase, %o per otl; Tomatoes Mexican, Fief i,:s par e;;a:l:‘cfmm x‘s‘k‘“‘lfl:“ Wfl'“, flé-Drl ' :D{lv TA, per 1b; Carrots, mi?& per eack; "t‘mwuu Cucumbers, Asparagus, £1 25@1 50 for large, B% v arlte bapite. per- i Tor old "ng 3 A or ol N 5 B, o Bans s et e Bk Plant, 10g150 per Ib; Green Corn, 10@50c per dozen: Poultry and Game. A car of Eastern Is expected to-day. POULTRY—Live Turkeys, $@ilc for Gobblers and 11@1% for Hens; Geese, per pair, $1 2@ 150: Goslings, $125@2; Ducks, $3 50@4 60 for old and $i 50@5 50 for young; Hens, $3 50@4 50; young Roosters, $6@7; old Roosters, $4@4 50: Fryers, $4 50@b; Brollers, $3@4 for_ large and $17502 50 for small: Pigeons, $1 30175 per dozen for old and $1'50@1 7 for Squa GAME—Hare, $1@1 2: Rabbits, 31 2@l 50 for Cottontail and 7ic@$1 for Brush, Butter, Cheese and Eggs. The market is overstocked with Eggs. Re- celpts are very large and the demand is in- sufficient to consume them. The market is weak, but prices are no lower. Cheese is also weak and ‘in liberal supply. E Quotations for Butter stand the same all around. There is plenty of stock on the mar- ket, and the demand is pothing extra. Recelpts were 100,500 pounds and 236 tubs of Butter, 2373 cases Eggs, $00 cases Eastern Eggs, 12,150 pounds California Cheese and —— pounds Eastern Cheese. OPEN MARKET QUOTATIONS. BUTTER—Creamery, 17%@lSc per lb for fancy and 16%@17c for seconds; dairy, 1U@16%c per Ib. CHEESE—New, 8@9c; old. nominal; Young Americas, 9@10c. EGGS—Ranch, 14%@16c for good to fancy; store, 1214@13%c per dozen. DAIRY EXCHANGE QUOTATIONS. BUTTER— Creamery—Extras, 17¢; 16¢; Dairy—Extras, 16c; firsts, 15c; seconds, ldc; store, 13c. CHEESE—Fancy, full cream, Sc; Ti%c; common, nominal; Young Americt Eastern, full cream, 14@16c per Ib, EGGS— California Ranch—Selected White, I4%c; mixed colors, 13c per dozen. ‘Calitornia Gathered—Selected, 12%c; standard, 12¢; seconds, —. Deciduous and Citrus Fruits. Ten cars of Oranges were auctioned, as fol- firsts, seconds, lows; Fancy Navels, §5c@$180; choice do, 60c @S$140; standard do, 50c@$l15; seedlings, #0c@ $110. The feeling in Oranges continues weak, as buyers are faking the new summer fruits in preference, Lemons and Limes continue in free supply and quiet. Receipts of Cherries were not large, but the demand was light. Prices stood —about the same. Apricots were lower under increased arrivals of 215 crates. Green Apples were slow of sale. Currants were in larger receipt and quiet, and Gooseberries continued dull. The canners were in the market for black Cherries at 4c per Ib. DECIDUOUS FRUITS. __Eastern, {2 25@2 50 per box; local, green, 33@30c. 5 APRICOTS—75¢@$1 25 per crate and 50c@$1 2 per_box. CHERRIES—Receipts were 2663 boxes, sell- ing at 2@s0c per box for red, 40@65c for dark and 85c@$1 for Royal Anne. CHERRY PLUMS—65@75¢ per drawer. STRAWBERRIES—6@9c per chest for Long- worths .and $3@5 for large berries. Receipts were 234 chests and 540 crates. The latter sold at S5c@$l per crate. BLACKBERRIES—From Newcastle, §150 per crate. RASPBERRIES—50@55c _per Newcastle, $1 25@1 50 per crate. GOOSEBERRIES—20@30c per drawer; Eng- ish, —— per Ib. 0 CURRANTS—3@60c per crate and 3@60c per drawer. CITRUS FRUITS—Navel Oranges, Seedlings, 60c@31 50; Tangerines, Lemons, T5c@$1 25 for common and $1 50@2 for good to choice: Grape Fruit. 50c@sl Mexican Limes, $4@450; Bananas, £$1350@2 50 per bunch for New Orleans and $1g2 for Hon- olulu; Pineapples, $2@1i per dozen. Dried Fruits, Nuts and Raisins. drawer; from The market exhibits no new features. FRUITS—Apricots, 5@7%¢ for Royals; Evapo- rated Apples, 4@6c; sun-dried, 11@2c; Peaches, 3%@4c for standard, 4%@3%c for choice and 6@ 6%e for fancy; Pears, 2@7c; Plums, pitted, 3@4dc; unpitted. 1@1%c; Nectarines, 4@4%c for red and 4@sc for white. PRUNES—4 sizes, 3¢; 40-50s, 6%c; 50-608. 4%c; 60-705, i%e: 70-80s, 3%c; 80-%0s, 2%c; 90-100s, £ 100-120s, 1%c. RAISINS—The Railsin Growers’ Association has cstablished the following prices: lleached Thompson's fancy, 1ic per Ib; choice, Lic; standard, 10c; prime, Se; unbleached Thomp- son’s. 9% per Ib. Sultanas—Fancy, 10%c per b; cholce, 9%c; standard, $¥c; prime, S¢; un- %19 ched Sultanas, 8c; Seedless, 50-lb boxes, Lo 4-crown, Tc; 3-crown, €lc; 2-erown, 6e. Pacific brand—2-crown, 5c: 3-crown. i%e, and 4-crown, 5%c; seeded (Fresno prices), B5%c; London Layers, 2-crown, $150 per box; crown, §1 60; Fancy Clusters, $2; Dehesa, $2 50; Imperial, §$3. All prices f. o. b. at common shipping points in California. NUTS—Walnuts, No. 1 sottshell, 10@11c; No. 2, Tie@sc; No. 1 hardshell, 10c; No. 2, 8@ic: Almonds, 13@14c for papershell, 10@11c for soft- shell and 5@6c for hardshell; Peanuts, 3@6c for Eastern:; Brazil Nuts, 11@11%c; Filberts, 12@12% Pecans, 11@13c; Cocoanuts, $3 50@5. HONEY—Comb, 12@12%c for bright and 1@ 11%e for light amber; water white extracted, $i4@@5vke; light amber extracted, 3%@4te; dark, 3the. %EES“’AK—?S@Z!C per 1b. Provisions. The protracted dullness of the market has led to cutting on the part of several houses, and Hams and Lard are rather lower in conse- ce. T EURED MEATS—Bacon, 12c per Ib for heavy. 12%@13c for light medium, 13%c for light, M4¥%c for extra light and 15%c for sugar-cured; East- cured Hams, 1214@13c; Mess Beef, $12 Ser barrel; extra Mess, $1250; Family. $11 5 prime s Pork, $15; extra clear, §23; Mess, $19; Smoked Beef, 1313@14c per Ib. LARD—Tieress quoted at 6%c per Ib for com- potind and 10@10%c for pure: half-bairels, pure, 103,@10%c; 10-1b tins, 10%@11%e; 5-1b tins, j1135c. “%(?’IET%CLENE—OIN half-barrel, §%¢; three half-barrels, 8%c; one terce, 8%c; two tierces, Size; five tierces, 8%c per 1b. Hides, Tallow, Wool and Hops. HIDES AND SKINS—Culls and brands sell about 1%c under quotalons. Heavy Salted Steers, 10c; medium, Sc; lght, 8@8%c: Cow Tides, §te for heavy and Sic for light; Stags, §te; Salted Kip, 9c; Salted Veal, 9@9%c; Salted Calf, 10c; Dry Hides, 16c; Culls, 13%@ldc; Dry Kip, 16c; Dry Calf, 16@17c; Culls and Brands, 13@4c; _Sheepskins, shearlings, each; short Wool, 30@c each; medium, Be: Jong . Soc@s1 each; Horse Hides, salt, §2 50 for Jarge and $2@2 25 for medium. $1@1 25'for small o s0c for Colts; Horse Hides, dry, $175 for large, $125 for medium, $1 for smail and Soc for Colts. Deerskins—Summer or red skins, 35c; o8 or medium skins, 30¢; winter or thin skins, fod! “Goatskins—Prime Angoras, 7c; large and emooth, 50c; medium, 35c. . TALLOW--No. 1 rendered, 4%c per Ib; extra fine, be; No. 2, 3%@ic; grease, 2@2%c. OOL—Spring. 1900 or 130i—Humboldt and ino, 15@i6c_per Ib: Northern, free, 12 Mo ietective, 9@11c: Middle County, free, 12 {ic: do, defective, S@10c; Southern, 12 months, 8@ic; Southern, free, 7 months, 7@10c; do, de- fective. T mbraexr‘;:;l msg:cmnu‘g!lll;y. (;lnn. 15 ; me: an 5 ;" Oregon, Qe o choice, 12@14c; o, fair to good, S@IL Nevada, 10@12 'HOPS—15@20c per Ib. San Francisco Meat Market. There Is no further change to report in any- T 1g7%e for Steers and 6@6%c per Ib for ws. mvfiu,—u.r T%@8c: wll. 8 per Ib. MUTTON—Wethers, T%@8%c; Ewes, 1@Tke per pound. T.AMP—Spring. $%@% per pound. RK_TLive Hogs. 180 Ibs and under, 6ie: PO 295 Ibs, 6%c: 225 and over, 5%@be;! feed- fli‘L; dressed Hogs, T%@9%c. o General Merchandise. BAGS--San Quentin Bags, $565: Calcutta , T@7%e: local make, 1 g:i‘lc\':n.;:;"wg Bags, 30@3c; n‘fi“";, ::::en @se. T AL~Wellington, $0_per ton; Southfield Wellington, $9; Seattle, §7; Bryant, $ 60; Coos Bay, $550; Wallsend, $9; Co-operative Walls- end. $9; Cumberland, $12 in bulk and $13 25 In sacks; Pennsylvania Anthracite Egg, $14; Can- nel, $10 per ton; Coke, §15 per ton in bulk and $17 in sacks; Rocky Mountain descriptions, $8 45 per 2000 pounds and $8 50 per ton, accord- ing to brand. o Iifornia Castor Ofl, in cases, No. 1, 75c; pure, $130; Linseed Oll, in barrels, bolied, T5c; raw, Tdc; cases, Sc‘morr Lard Ofl, extra winter strained, barrels! 80c; cases, 8ic: China ‘Nut, 53@62c per gallon; pure Neatsfoot Oll, bar- rels, Gic: cases. 70c; Sperm, pure, 6ic: Whi Oil," nataral white, '37%@142¢ per gallon; Fis 01l fn-barrels, 3oc; cases, 40c. COAL OIL--Water White Coal Ofl, in bulk, 12%c; Pearl Ofl, in cases, 18%c; Astral, 18isc Star, 18%c; Extra Star, 22%c; Elaine. 23tc Eecene, deodorized stove Gasoline, in bulk, 15¢; in cases, 2lc; Benzine, in bulk, in cases, 20c; S6-degree Gasoline, in bulk, 20c; in cases, 2c. TURPENTINE—55¢ gallon in cases and 45¢ i drums or iron barrels. SUGAR—The Western Sugar Refining Com- pany 1!!0“. per 1b, in 100-1b bags: Crus] 6.25c; Powdered, 5.85c; Candy Gran- Ry S M 3 ranula & nolla A, b.35c; C, 5.2 C, 5.as¢; barrels, 100 mors: halCharmsle. for lesa than 75 barrels or its equivalent, nos, half-barrels, 6.50c; boxes, 8.75c per Receipts of Produce. FOR MONDAY, MAY 20. Flour, ar sks, 13,615 |Straw, tons .. Wheat, ctls ..... 10,500 |Shorts, sks Barley, ctls ..... 22,473 |Feed, sks . 205 Oats, ctls 450 |Broom Corn, bdls 2465 Rye, ctls ... 615 |Sugar, ctls ...... 2,600 Corn, ctls . 0| Wine, gals 19,350 Potatoes, sks 3,25 | Brandy, gal 1,050 Wool, bales . 33 Lime, bbs ...... 132 Onions, sks . 1,231 Quicksilver, flsks 20 Bran, sks 1.345| Leather, _rolls . 0 Middlings, sks 125| Hides, No 28 Hay, tons . 1,225| Peits, bdls 4 OREGON. Flour, qr sks.... 8971 Potatoes, sks ... 4013 STOCK MARKET. The only change worthy of note on the morn- ing session of the Bond Exchange was an ad- vance in Contra Costa Water to $53@S2%. The market was quiet. Tkere was little change In the afternoon. There was nothing new in the ofl stocks. The following were ex-dividend yesterday: Spring Valley Water, 42¢; Central Light and Power, dc; Hutchinson Sugar, 20c; California Fruit Canners, €0c. The Alta Mining Company Is assessed Sc. STOCK AND BOND EXCHANGE. MONDAY, May 20—2 p. m. UNITED STATES BONDS. Bid. Ask. 45 quar coup..113%114 |is qr cp (new).138 139 4s quar reg....113%114 [3s quar coup..109%110 MISCELLANEOUS BONDS. Bay Co P 5s..104% — 1Omnibus R 6s.126 Cal-st Bs. .117%118% Pac G Imp 4s. — Bid. Ask. AUCTION SALES POSTPONED ON ACCOUNT OF RAIN, AUCTION SALE £ or P # HEAD GENTLE WORK. DRIVING anq BUSINESS HORSES Weighing From 1000 to 1 Consigned by J. P. HYN BRENTWOOD, Contra Costa County, » To Be Sold on THURSDAY .. SALESYARD, FRED H. CHASE & C0,, Suceessors to Killlp & (5., Horses now at yard. £ Regular Weekiy Antion Sale D5y TUESDAY. May 2ist, at 11 o'clock, 1140 FolsSm street, of Horses, Busgles, Wagons and Har- S. WATKINS, Auct Livestock Auctioncers. eor. 10 |Pk & C H 6 Ed L & P 6s..128%133%| Pk & O R 6s..117 Fer & CI R 65.115 — |Powll-st R 5,10 — Geary-st_5s.... — — [Sac E G R 100 HE&S s100% — [SF & 120% — “Do 38 101 102 |Slerra Cal 6s.. — 108 Los Ang B S12%03%(S P of A 6 =710 | Aoy .......112%13% — 104 | (1910) o= ntd 5s..100 102 |S P of C Pac 38.102 — sor A.1087% — cm sl — ser B10Tq — s — 1213 W - Do 1 ¢ m 58.122% — i Eleven. Allis-Chalmers Gompany, Organizad Uader the Laws of the State of New Jersey. Preferred Stock, Common Stock, $16,250,000 20,000,000 MANUFACTURERS OF HEAVY ENGINES, MINING AND - OTHER MACHINERY. $8,400,000 SEVEN PER CENT. CUNULATIVE AND. CONVERTIBLE ! PREFERRED STOCK. ' OFFERED BY THE UNDERSIGNED FOR SALE AT 105 PER CENT. payable, with accrued dividend, at the rate of seven per cent. per jum from May 1, 1908 50 per cent. May 24, 1904, 50 per cent. July I, 1901, | with the privilege of anticipating the latter payment. Negotlable receipts will be issued against payments, exchangeable for engraved certificates of stock as soon as they can be prepared. The Preferred Stock, In shares of $100 each, s preferred in liquidation to the amount of its par value and accumulated dividends. . It is preferred in cumulative dividends to the extent of seven per cent. per anmum, and has a further preference of one per cent., Non-cumulative, after the payment of seven per cent. upon the Commor Stock. It is convertible into Common Stock, share for share, at the option of the holder, upon any first day of May until and includirg May 1, 1921, exclusive of any declared divi- dends. No additional Preferred Stock can be lssued at less than par In cash, or for property at such cash value. The certificate of Incorporation confers authority upon the Board of Directors, in their discretion, to declare and pay dividends on the Common Stock concurrently with the Pre- ferred Stock, When earned and applicable thereto. The fiscal year. of the company commences May 1. The Preferred Stock Dividends are payable quarterly, commencing August 1, 1901 Applcation will be duly made fo list the Preferred and Common Stocks on the New York Stock Exchange. The Allis-Chalmers Company represents the consolidation of the property and business of the following builders of heavy machinery: b The Edward P. Allis Co., of Milwaukee, Wis. Fraser & Chalmers, Incorporated, of Chicago, Il Gates Iron Workg.ol Chicago, Hl. Dickson Mfg. Co, of Scranton, Pa. (exclusive of Locomotive Werks). (ALl ppoperty acquired Is to be conveyed in fee and free from mortgage o other len. No mortgage can be placed upon the property without the assent of seventy-five per cent. of the amount of Preferred Stock outstanding. The expert engineer, Mr. Jullan Kennedy, reports, after several personal examinations of the propertles, that he estimates “‘the value of the plants, taking into account the real estate, buildings, machinery, tool patterns, drawings and patents. together with the cost of organizing and getting Into full operation, but not estimating anything for good will, at £9,935,000.” He further reports, under date of April 5, 1801 as follows: “T find the plants all running at their fullest capacity. The great bulk of the tools in all of these are comparatively new, having been put in within the last seven or eight years, and all the works are In good condition and running smoothly.” The security of the Preferred Stock, wwithout any consideration for the ad- vantages a ing from the comsolidation, for the valuable good will of the mev: 1 Companies, so long and favorably known all over the world, of for the earning capacity of the united Companies, will be substantial] Cash Capital .. of which sum erection of an additional plant to double the ent capacity of the Allis Works. aluation as above of existing plants owned in fe and free of lien... Total present value of tangible property ...... The total issue of Preferred Stock against this pro; erty i all of which s Issued for cash at par, or, in lleu of cash, for the pl valuation as above stated, and of which total issue there will be m in cash, and the balance will be in property that produces much lative dividend to which the Preferred Stock is entitled. Of the total Preferred Stock, $7.850,000 has been accepted by the orl| Heu of cash, in part payment for their properties to be conveyed to remaining $8,400,000 is now offered for sale to provide for the discharge gages and for part of the above-mentioned Cash Capital, the remainder vided by the sale of Common Stock already consummated. The accounts of the several concerns have been examined by Mes Co.. chartered accountants. who certify “‘that the combined profits of th each of the last two fiscal years, after making full provisions for d Iatton and’ Ded debts, but without charging interest and management salaries, exceedefl the amount re quired to pay seven per cent. dividends upon $16,250,000 Preferred Stock, /Fhilst for tMe las§ fiscal year the profits, as above defined, considerably exceeded such athpunt.” It was nok until the last year that thechew works of Fraser & Chalmers came full operation. The net profits for the 1 year ending May 1, 1902, are esth by the chief offi- cials of the respective companies, without any allowance for in of manufacturing capacity, or for the economies of consolidation, or increase of prices/ at sufficient to pay dividends at the rate of seven per cent. on the $15,250.000 Preferred Stock and about four Pper cent. on $20,000,000 of Common Stock. Including the economies consolidaflon con- fidently anticipated by these authorities, the net profits for the gdme period should ex- ceed the amount required to pay seven per cent. dividends on botl classes of stock. The same officlals similarly estimate that upon the completion of the additional Allls Works, now In process of construction, the profits will be equivalgnt to eight per cent. on $16,250,000 of Preferred Stock and ten per cent. on $20,000,000 of Common Stock, with a material ndd!(::n to the !m-p:u Account, The Allis, Fraser Chalmers a; Gaten Iron plan o et € A T e ey N Vo from lack of capacity, declined in that period as much business as they have been able to accept. The business of these concerns, with more than fifty cent, Increase ample cash capital. will be conducted by the Mesars. Ifi.’. -u:“ nwu“u”-‘i“}",fifl‘: Company: W. J. Chalmers, of Fraser & Chalmers, and Gates & Hoyt, of Gates Irom ‘Works, who have successfully managed their respective works for many years, The Board of Directors has been constituted as follows: EDWARD D. ADAMS, New York. CHARLES ALLIS, M . MARK T. COX, Orange, N. J. WILLIAM W. A:.'l.u.';:l-:::m ‘WM. L. ELKINS JR., Philadelphia. FRANK G. BIGELOW, Milwankea, ELBERT H. GARY, New York. ‘W. J. CHALMERS, Chicago. HENRY W. HOYT, Chicago. JAMES H. ECKELS, Chicago. WILLIAM A. READ, New York. MAX PAM, Chieago. JAMES STILLMAN, New York. EDWIN REYNOLDS, Mi CORNELIUS VANDERBILT, New Yorke ‘The regularity of the incorporation of the Allis-Chalmers Company and the Hdity the issue of its securities are certified to by Messrs, Stro: & Cadwalader, Ne oy and Messrs, Pam, Calhoun & Glennon, of Chicago. . o e The accounts of the Company will be regularly audited ered Accountant SUBSCRIPTIONS FOR THE AMWU’EW‘I';’D?‘IHI‘D ";CK WILL ncmmn AT THE orrl"&ls OF THE UNDERSIGNED UN- TIL ':.M OF BUSINESS ON SDAY, THE 21ST DAY OF MAY, SUBJE THE RIGHT RESERVED TO REJECT ANY OR ALL SUB- SCRIPTIONS. AND TO CLOSE THE SUBSCRIPTION AT ANY TIME WITH- OUT NOTICE. TEMPORARY RECEIPTS WILL BE ISSUED PENDING THE PREPARATION OF ENGRAVED CERTIFICATES. K The -nRtJn -m.ognt of this issue has been underwritten. AFTER PERSONAL: INVESTIGATION WITH THE ASSISTANCE OF EXPER’ %mvfl E_LINES, OF THE PROPERTIES, BUSINESS AND lme:n: A ON O BE REPRESENTED BY THE ALLIS-CHALMERS COMPANTY. WE RECOMMEND IS PREFERRED STOCK AS A MANUFACTURING INVESTMENT, THE SECURITY, EARNINGS AND MANAGEMENT OF WHICH WE HAVE EN- at less than thetr | than 61 per cent. o than the cumu- nal Compantes in h}s Company. The existing mort- of being pro- Jones, Caesar & Compantes, In TIRE CONFIDENCE, Vermilye & Company, i New York and Boston. b