The evening world. Newspaper, November 25, 1902, Page 11

GOULD-HARRIMAN | STOCKS HURT BY re Be ae NOT Hell BOARD MAGNATES WAR, inion Pacific, Western Union and Other Strong Issues Hammered by Rivals in Drive for Colorado Fuel. LONDON DROPS — BEHIND. , Speculators, Fearing Repetition of) Doings In Northern Pacific Fight, Stand Off, and Bearish Sentiment Prevails in the Market. Gpeculative sentiment was seriously @\sturbed to-day by the war between George Gould on the one side and Ed- werd H. Harriman and Edwin Hawley on the other. The animosity developed between - @hese contending factions in the con- test over Colorado Fuel and Iron threatens dire consequenc: In the event that the bitterness shown Im the ©. F, I. fight extends to other in- terests, a contingency considered en- tirely lkely, there will be a lining up of big interests which will mean war to a finish. ‘The entire market was unsettled, and Weactionary to-day because of the un- easiness caused by this and it was the Most bearish factor in the day's de- velopments. } Almost the only topic on the floor @f the exchange was the quarrel of the wailroad kings. The market declined most rapidly when C, F. I. reached its bighest point. London's business, too, was disap- pointing, being mostly sales on transac- tions not exceeding 15,000 shares. Union Pacific Of. ‘After three hours of erratic fluctua- ‘tons in many of the principal issues ‘the tone of the market steadied slightly and there was a better feeling. ‘Tae early selling of the general market was the natural outcome of be- Mef that when big interests fall out ‘the only safe plan for outsiders is to stand from under, Late in the afternoon this was exém- plefied in the case of Union Pacific, which was 103 two days ago. Under heavy pressure, due to the contest, it gold off nearly 4 points, touching 99 1-4. . The Harriman position 1s considered fmpregnable, however, in both Union and Gouthern Pacific because of his wecent acquisition of actual stock ma- fority control of Southern Pacific. Western Union, which is a Gould prop- erty, was solg heavily to-day: by Har- riman-Hawiey interests and it was re> ported that they would join with Penn- Gylvania in trying to oust the Western Union from the railroad lines they con- trol. Nearly all the railroad issues were Jewer. New York Central and Penn- eyivania were weaker than the opening efter scoring good advances. Atchison and Bt. Paul were notably + Gapeated, fe Looked for Fri for Friday, itimore & Ohi: 4 , jo and Delaware & Pdson lost about 2 points each. Industrials Down. uthern, the road owned ay po tundngton, lost 2 points P. Huntin, that it would be hurt if r. industrial list lost in nearly every ce. he steel § r, the jesues and gama Goppey were about the weakest, juoted at 41-2 i change was higher sat bat ateriing es fee ‘and ‘ofa and ‘gold was by brought n e export point. ALL THE LATEST NEWS OF VHD WORLD: AULSUDAY BVENING, NOs sub ead Lo, seed THE BUSINESS WORLD. Railroad Magnates, in Fuel, Hammer Other Stocks. P2OI8O06 BG BEEF TRUST TD COLLAPSE Fear of Public and Great Risk Make Capitalists Balk at Fi- nancing the Giant Combina- tion Planned by Packers. ay “ROCKEFELLERS OUT OF IT. eee? J ‘The giant beef combine 1s apparently » not to go through. ‘The nropysed United Btates Packing Company—the combina- tion of beef packers which was to have ‘@ capital of $50,000,000, Is postponed In- Gefinitely, It may be entirely abandoned. The story told in Wall street to-day concerning it was that the Wall street financiers who were to finance it—the . Rookefeller-Standard Oi] group of cap- Htalluts—declined to assume the tremen- dous risks involved In pulling through uch a combination in the face of pros- pective hostile legislation by Congress, Many of the delegations from Western ‘and Southwestern States, where the fheavy hand of the Beéf Trusty has been goverely felt, are pledged to do all they ean to prevent the consuaination of the new combination and the underwriting gyndicate found this feellng of hostility nearly everywhore. If was sald that the proposed com- Dination was typical of all that was not objectionable In Trusts, and the people ‘who had put up $0,000,000 to carry the merger through balked at doing so now. Fearé of political complications are @aid to have Induced the.New York Members of the underwriting syndicate to calla halt on the sch oxce RICH, DING DESTITUTH, LOUISVILLE, Nov, ‘Walker, formerly & The triangular contest between Mil- Honatres George Gould and Edward H. Harriman and Edwin Hawley and Pres- ident John C. Osgood for control of the $100,000,000 Colorado Fuel and Iron Com- pany was resumed with vigor to-day. ‘The entire stock market was disturbed by the sensational quarrel between the three raflroad magnates and there were fears that the consequent retaliatory warfare would bring about serious re- sults. ‘Wall street still remembers “blue ‘Thursday® in the stock duel between J. P. Morgan and Edward H. Harriman over the Northern Pacific, and it wants to steer clear of another. . The duel of circulars yesterday which followed the public announcement of the break between George Gould and the Harriman-Hawley combination was succeeded to-day by a money duel. The millions of the three principals in this latest stbck war are belng utilized to purchase the stock of the Fuel Com- any and to hammer the prices of thelr several specialties. It {s now a contest {n which money talks and the victory 1s practically cer- tain to fall to the one with the largest purse strings. Colorado Fuel «nd Iron opened at 85 1-2, but was quickly boosted up on buying by the rival interests, It rose half a point at a time until the top figure of 91 was reached, when it fell off three points almost as quickly as it had made them, Speculators who had been buying the stock on the theory that it would be a OO 284EDPDISOHHPVOOHOOEDSEGIDOGHLODO LOGO, Contest for Colorado OOS: 1SS-FLOPOGH GOOGHBGOHOH 3TH 9S9GHGOGSS 9909909099909 G96990-0006: 994956 305 HHO2> good thing to trail after the millionaire fighters discovered that the company’s books were closed. As this means the stock bought now cannot be voted at the December elec- tion and can’ only be used for pu Peres of control later, the trailers out as quickly as possible. The rival factions, however, contin- wed buying and the price recovered to 90. The bitterness which has followed the open rupture between Mr. Gould and his associates was reflected to-day in the general market. Although the three principals had Uttle to say to-day thelr market lMeu- tenants had instructions to carry the war into all fields. ‘Thus the combined forces of Harriman and Hawley hamered away at Denver & Rio Grande and at Missouri Pacific whenever dt was considered vulnerable, while the Gould faction drove some hard blows at Harriman’s Union Pacific and Southern Pacific, and Edwin Hawley’s Colorado Southern. ‘The Denver & Rlo Grande, Colorado Southern and Union Pacific are the three roads chiefly interested in the traffic of the Colorado Fuel & Iron Company, and the original plan contemplated that they ehould jolntly control it. It is now a question of who can show the longest list of proxies and the bii gest bunch of stock at the annual me ing of the company on Dec, 10, ‘o-day representatives Gould, Harriman and Hawley and President John C, Osgood are scouring Wall street and the financlal district for proxies. ‘Stockholders are besieged by the con- filcting Interests seeking to represent them at the December meeting. BOND TRANSACTIONS. Chl &@ NW ded rer de e 2! “tect 3 = Tenn Coal 1 & Mo K @ T ext 5s 103% Birm diy 6s 3000. van ee Fererrres 28 3 = rt Balt & 0 gold 4s 4000. + 101 ayes fee Eee 30000, 5000. 1000 5000. O)) Col 30 vino 1000. Con Tob 4 3 1000 2d tne Sa ; Cen Pac 4a Foe Ist i 2000. = 4000.45 Erie nt gen Green Bay & W deb cts 05 cn & Ai Sin TOO. scrscee 70M CB & @ dn jt bes Ww Wy! it +2103! wt We Wa” ni con deb cts sm Sead Alr Line gold $42,698,691 INCREASE IN WAGES OF RAILROAD MEN. Thirty-six Companies Which Will Pay Out Money Likely to Make It All Up. WET N SEGRE Interborough Executive Com- mittee Session Prompts Be- lief that Action on Deal with Manhattan Was Taken. NEW GOULD PLAN TALKED OF Stockholders of the various big railroad, companies of the country will be interested to learn that the wholesale raising of wages given promin-) ence by the action of the Pennsylvania Company about a fortnight ago tn-| volyes an advance of $42,698,691 for thirty-six railroads and will reduce the) net earnings of the corporations 1 3-4 per cent. The moyement was begun by the Western railroads about two months} ugo, Then, when the Pennsylvania Company came forward and increased) wages 10 per cent. all the other big companics were forced to do the same. The following table shows the additional cost imposed upon the rail-| roads by the wage Increase, About 60 per cent. of the operating expenses | of the different roads goes for railroad labor, and it is on that basis that this table was prepared. “L" Road Magnate, Unwilling to Part with His Stock, Will Take in the Underground System Wall Street Operating 10 per cent. Total Hear . Increase. wages, * ecasan $3,915,672 $43,071,298 ——_ N. Y. Central (West Shore and B. & A. 2,811,800 30,929,908 The Executive Committee of the In- | Lake Shore .-........ Sarees ess terborough Rapid Transit Company met | Haciiwan Conal rey aiasalais this afternoon in executive session at | oo © Hid, MOM os Rat) retired ue ala of the President, August Bel-| 1 ia ware, Lackawanna & Western 13,753,142 $26,186, 9,077,073 = It Is beloved that the committee took | Jersey Central «....- Aid 6,401,985 some action on the reported Manhattan Delaware & Hudson 3,258, 67 8,750,500 NENCTRIRBOTGUEE: Aba, Boston & Maine : 21,618,785 14,202,898 If the deal 1s pending it coutd scarcely New York, New Haven & Hartford ...... 2iss.tit be brought to a conclusion by the Exec. | 21InNIe Cnet ios ae oO utive Commitice without submitting It to the Board of Directors, August Belmont this afternoon denied a report current on ‘Wall street that a lease of the Manhattan on a 7 per cent. basis had been agreed on by the Execu- Philadelphia & Reading *Southern Pacific . *Atchison .. ‘Union Pacific .... Lissourt Pacific 35,401,760, 15,585,900 St. Louls & South’ 3,087,706 tive Committee as originally planned. PexaarPuoliie c: ; rieteed George Gould was credited in Wall street gossip to-day with an entire | Rock Island ... . . 1,099, 990 11,439,780 reversal of plan on the Manhattan "L''- | Southern Katlway 1. 24,848,625 1,460,617 16,066, 702 | Interborough Rapid ‘Transit Company | Wabash ........ + 12,762,045 765,122 8,416,349 aoa: Wheeling & Lake 2,076,514 124,590 498 Although equally lacking confirmation Denver & Rio Grande. + 7,128,897 427,433 1.771 with the original report, it was eald Rilo Grande & Wertern + 3,223,238 193,804 2,127,336, that the Goulds and Hussell Sage would Nickel Plate ri . + 5,466,279 RG 3,601,143) not part with their Manhattan stock, | Blx Four (( 12,785, 765,225, 8,414,610 and that George Gould had largely in- Burlington, ‘34,608,907 2,044,134 creased his holdings lately. “hicago & Alton 5,505, 068 235,740 John D. Rockefeller, who took over | Northern Pacitic 16,040,148 908,498 10,982,494 from @ pool operating in Manhattan *Great Northern 17,298,683 1,937,920 11,417,129 stck a big block of that Issue in the | Loulavilly & Nashville . 18,233,033 1,098,891 big decline, has eold 2%,000 shares on | Chicago & Northwest 381,603,000 1,896,180 ; the recent big advance, St. Pat... 26,321,000 1,679,260 17.371 $60) In the absence of real news and one|!llinols Central . » 4,251,678 1,485,100 16,006,107, story being as good as another, it was « said in discussion of the above that the | Totals 645,16 $42,008,691 $409,685,795 Pending deal had been reversed by the public reporta and that it was more likely the "L" road management would eventually operate the subway than that the Interborough Com, Wear teat pany would run George Gould's railway interests are ‘Roads marked thus are still In process) of Increaning the wages of thelr em- ployees. ‘These figures are taken from annual reports of either 1901 or 1902, and therefore give an approximate idea of the extent and effect of the ware- increasing movement. s0 nearly identified now, it ls said, with Heiege a diges a at A New Youle It should certainly be interesting for the stockholders to learn that the’ With fis franchises for the Banas wid; |10 per cent, increase In wages, when applied against the dividends, which the west side, ia vastly important. With the Wabash system near tide- water and headed for New York, en- trance could be easily made and at prolltable figures in connection with the President H. H. Vreeland, head of th Metropolltan Securities Company. and of the Interurban Company, thé oper- ating company for the entire Metropol- itan system, ts said to have recelved an offer to become the President of are deducted from the net earnings, means an average deduction of 1 3-4 per cent. Many railroad men believe, however, that the natural growth of busi- ness will soon overcome this reduction. THE CLOSING QUOTATIONS. 3 ri Vated and subway transportation under a harmony agreement with the Pennsyi- vanla and New York Central, Under this plan he would still remain master of the situation when the time comes to make of the Gould system an International yoad starting trom New York City, ‘The extraordinary rise in New York Central following closely that of Man- hattan and the strength of Pennsyl- Vania are strong surface indications that the old plan has not been entirely abandoned. CURB MARKET QUIET. Stocks iSsscewe Shoes tee Manhettga | Metro. St. Ri Mo,,, Kan. N.Y. Central Ontario & Wenter Pennsylvania = 39,109 Baltimore 3 200 Baitiinore & Ohio pf.- 16,400 Brooklyn Re Pacific z PPPEe 5% | South: Ratiwa; Me | South, Rellway Sand, R Nominally Unchanged in the Outside Market. ‘The curb market was quiet and nom!- BBserenssSsrosnassessEs FRSERARTEE Fie. Texas and light port receipts. The opening prices were: December, 8.37 bid; January, 8.% to 837; February, 8.30 offered; March, A 3.25 to &.27;' M don to-day were weak. American Rail- way shares were heavy and very trre- gular, fractional declines and advances Leing goneral throughout the whole list = oe = ee Canadian Pacific and) Grand ‘Trunk 155M : ay, 8.28 shares were strong on favorable report #24 (0.8.30: July, #81 bid; of earnings, Sie @ prices at 2.20 P. M South Africans were easier, Rio Tintos guy | ber, 8.84; January, 8.33; figuring at 40 1-4. Contangoes for settle- 167% | 8.28; July, 8.28; August, ment wero 4 to 41-2 per cent, 100% = ee 89M Ane Wheat Market: iy Banking and Financial ‘The wheat market to-day opened frac- oe a tlonally below last night's close, but al- most. Immediately recovered the loss and took on fairly good strength. There was moderate selling at the start. The offerings were very light. The Northwest marketa were weak, at 1-8 to 1-4 decline. Corn was fairly steady at the opening and gained considerable strength on wet weather in Southern Ohio Valley States, Later there was a preak in wheat on a sudden weakness In Chicago, The decline was attributed to active unloading and more aggressive short operations. New York's opening prices were. May wheat, 795-8; Dec., 01-4 offered, Corn —Dec., 693-8 offered; May, 473-8 to 473-4; HAIGHT ¢ FREESE ESTABLISHED CO MAIN OFFIOR, 1890. fo BE B'WAY, NY, STOCKS, BONDS, GRAIN, COTTON. We will be pleased to send you upon request : 2.400 Texas Pacific « 76.000 Union Pacific 8, Express INVESTORS," also STOCK AND COTTON MAR. KET LETTERS. Issved gratis, mailed tree. New Publications. READ CONAN DOYLE’S 1000, Bouth 93 BEL tM & 8 Se 5000. 1 st Bt. 1 Tex & 96 B ist be ‘Third Ave con 4a D, 88% 46 1-2, Chicago's opening prices were: May wheat, 767-8 to 753-4; July, 783-8 to 714; Dec, 41-2 to 43-4, Corn—May, 425-8 to 421-2; Jan., 471-8 to 47; De 52 3-4 to 521-2, New York’ NEW STORY, “HOW “|BRIGADIER GERARD closing prices were; Wheat cembe! 2; Ma Si Consolidated Exchange Salen, ~Deoapaner, 1-81 May, 197-4. Cora—No- Opens? Blah Uns Chokes ‘ | Amalgamated Copper .. 5644 55te _b4%s uary, 62 7-8 bid; March, 50 3-8; May, . Ruger... 19h thy Us. SN saved the Army."’ Just out in the 41 5-8; July, 46 3-8, Ls iy % mitt the combined Manhattan “L'-Rapid Come and vo a Ae ubway system. DR, TARR'S DENT. RS, 5 Tt is positivey stated ti 7 bh. Low. Close. Open, High. Low. Close. » came tom Mr. Gould, and’ was’ made | ‘Stil Am, Cooper rama fem, a tran. ae UR ER SI 44 EAST 14TH ST, 7.31 when Mr. Vreeland was his guest re- 300 Am, ‘Bicycfe Ie lt wi Rada : ue Open evenings tli 7. Sundays, 9 to 3 cently at Lakewood, 1,900 Am, Car & Fo 8 iad Laategy to 8.01 ‘The Intention of Mr. Gould at that| 120) Am. Cotton Ol 1. 4K ON oe time was evidently to control the ele-| 103 Amer. Cotton, arti 31% 9.1 ATLA aa our 400-page cloth-Lound Miustrated “GUIDE To] fF PERFOCT FIT GUARAN TEETH EXTRACI All our work is done painlessly by patented. $1.00; Amalgam fillings, 50c.; Cleanin: operators are skilled graduates, their keep it in repalr, 212BROADWAY, Cor. FultonSt. | 1298 BROADWAY, Near34thSt. 2W. t4thSt.,Cor. 5th A 348 6TH AVE,, new ste. Ai! offices open B to 7. Not open Sendare + Ves mevater. Whether you needa full set of teeth, a tooth crowned, a tooth tilled, or a tooth extracted, we can do the work as it should be done—without one bit of pain, by applying our new botanical dis- covery to the gums, No charge for Examination or Consultation. Waterbury Dental Parlors, BROOKLYN: NEW YORK: 414-416 Fulton St. 54 W. 23d St, (24 door west Abraham (Opp. Eden Muses.) & Straum's) Hours, 8 to 6. Bundays, 9 to 4 German, French and Swedish spoken, n= > UNTIL DEC. 1ST ONLY, & bo CIP ww Gold Filling $1 and No Higher. ALL WORK GUARANTEED. Railroads Pennsylvania, RAILROAD. STATIONS foot of WEST TWENTY-THIRD ST. ie ui 5b i Dining Car), 12.10 ntent 10.55 (Din- 4.35 (Dining Car), 25 P.M. 12.10 night. ERY ORAILWAY — Bxpron, 3.25, 425 P. M., 12.10 night, ¢al Hic COAST Ll 9.25 A. ot 9.25, or renidan Express AW H, 3! ty dat! Ww STERN RAILWAY. 3.25, P.M, ai doudk Jamatoa Roosevelt *, Branch Ratl- jon), 8.05 enty tht Hon) & Lag 410 an : Nee ae 8 9.35 CDI 1.10, (Desbrouae ining Can tes 10" (Deabromres ‘55, 4.25 (Dining Car), ‘45S Dining Car ing Cat) night, 35,9 o.35 (dining Cart $3 (Dining (Dining Car), Now. S382 Fite, Taye. (comer 28 Twenty-third et, station, and sta ad Cortlandt’ ots: 4 Court 98 Hroddw an i STRAND MAGAZINE ee Ngo Sac a i rig Tranuler Company "wl ED. WITHOUT PAIN, ALSO ONE FILLING, FREE) TO DEMONSTRATE OUR PAINLESS METH é And to introduce our Thurio Plate, U siepieartl most durable simple applicati We are the orlginators of painiess dentistry, Deron Our prices are within the reach of all, NEW YORK THE FOUR-TRAGK TR ‘Trains Station, 4 ors leaving Gi 10.30 11.30 ©" 8 ao a 2227 Sots of Teeth (iouy'ey, $3 00 22-K Gold Crowns, | $3 Bridge Work, per tooth, $2 30 ooug a Union 84 th at, rh offic ce by Westcott Express. . SMITH, Gon'] Superintendent STATIONARY BD lind steady work for four mon! New York license, Apply Chas. A. ite me Gol » 50c.; Gold Crow: r iplomas bein: ene chair, and are personally interested in this associati We give a written contract to do your work satis‘ free of charge, for ten years. Being inco: the laws of the State of New York, this is of indisputable value. OUR 34 OFFICES: & displayed at on. : * 419 BROADWAY, Cor.Canal St. 988 3d Ave, © 744 BROADWAY, Cor. Astor Pl.| HARLEM, 130 We BROOKLYN, 49° BOSTON, PHILADELPHIA Lavy attendants BEWARE of Those Who Imitate Our Name, Signs and Advertisements. at nt Koeh"a, Pultos mar Weide we? Washington oh wr ixton wt, 953 North mat Telephone connections, Railroads, , ' ENTRAL — & WUDSOM RIVER R, NK LINE. 1A NIAGARA FALLS. _ rive and depart from Grand Central ‘Street, York, as beiot and west’ bound t rand © except the “20h Came mpire Klave Express and Now. 125th St. ton minutes bee” Buffalo 4.15. Niagara Fails 5.17 P.M A. M.~*EXPOSITION FLY! _ Dee Buftalo Cleveland 4.35. apoila 11.4) P. St. Chiengo 1. All Work Guaranteed 10 Yearn, Louis 7.90 next morning. A. M.—*SYRACUS! Full Sets of Teeth $3.00 Aca arthritic ic Gold Crowns, aa kur $3.00 8.30 A. MOTEMPIRE STATE EXPRESE Gold Filline. $rup Taneie rite tunae elena Silver Fillings soc, up 8.45 A. M—erast Mal hours Duo Buftalo 7:10. Niagara Palle —1DAY EXPRESS. Makes loon Due Buffato 1.13 A.M. ARUTLAND —ACHICAGO LIMITED. 24 to Chicago via Lake Shore.26% via Mi. 1 ALP THE 20TH CENTORT i -hour train to Cat dake Shore. Biectric lights and tame M.—tALDANY AND TROY FLYER, B72 M.—*DRTI CHICAGO. SPECIAL. . —LAKE SHORE LIMITED. 2ur teala to Ohleage, All Puliman nd 7.25. A. 3 22-yzB> = 8 EAL EXPRDSS. M—*OUFFALO AND TORONTO CIAL, Due Buffale 7! wy lanara Fait ‘Teranto i Bd A, a ages: avhm cya ¥ at 9.204, ‘2 lees at 11%. O01. ne #5 nn0 1 75 Conta bi: amt Rroakten, New Yor nally unchanged to-day. Quotations for| 46,900 Col R88 . = s "300 Ce 1 TET 20, 29% 63.4. M.—PRNNSYLVANIA LIMITHD—Pullman Ui the active atocka were: | Ba cer goutiere ans Oy Be 3 AND NEW ENGLAND, rosy “os aie Col, & Hock. i a } adianapoi nostox Asp" AE 2 Sonsol. Gi , pi 2 New York Centra 38 "aR ] FR Continental tobe HRM BN a YLVASIA SPECLALK | “Fainn ere Grad ty i & a i Es i Auge sree ‘1 . ee oe of stocks ‘were 240.800 shares, ng Cars. earn sea Arrive Bouton 3°50 Shoes a, Stee os ay The Cotton Market. fat and Louleville, ‘Indianapolis, Chicago, ri ig toptetee 00, neon. ih a Stal The local cotton market opened weak | give Dining Car 3.00 Mes 6.34 A. ae BH riya | to-day, with prices 4 to 11 points lower, | burg, Cincinnati, 1316 Broadway, and at-Orand Cenvrat Seath ae ihe 29 | Thore was heavy proft taking through | Z2ult. Dining Car. | For RMIT “GEORGE CR ou ay a fod bee ualeelon hauses ane scmeiehore aell- fF Mc WOOTEN EXPRESSFor Catones. m. Superintendent. Gen. Passe: Fi 2 a ; ler which May broke to 8.28, except Saturday. | Di ane ie Later, however, under strong bull sup- TAR a heseren paar dt WEAK port, the market rallied somewhat. RA ° 35% | Under covering May stiffened to &, ILROAD. SS Fill accatetn eet oeticite lntoroneniint Oektoe York Central & H. River RR. Co., -emteey American Railway Securities Ir- ue, 1S iz "| were encouraging and Europe nent buy Dib, later foot Weat 130 a Securities |» i ° regular with Light Trading. i baiten tee 1s | ing orders here. There was some active Console and other investinents at Lon- | 100 Man 19%] new buying on bad crop reports trom Laas + Butt Bi Hoe Fae HOG AS Mi ti aera 5x CD at 3 P.M. Time tables at ea, Baggage checked from C, &. LAMBERT, Gan. Paye's Agent. Help Wanted—Male. INDER holating a =~ he ont bat ‘must an 8 Oa Hotel. Jamaica, Lawyers. oe me mente GEO. ROBINSON (Lawyer), at, (Day.) 1370 Bway, 37 at. (ven! YOU CANNOT