The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-12
FINANCIAL AND INDUSTRIAL.

A concession for the construction of an
electric light plant and the establishment of
a street-railroad line in Valparaiso, Chile,
has been secured by Saavarada Bernard.
A blue book just issued on the trade of
India for the year ended March 81 shows
that the imports amounted to 1886, 666, 665,
an increase of sSO0Oo,OOO over those of the
100000, an increase of s60,000.00O.
At the annual stockholders meeting of
the American Agricultural Chemical Com
pany, held in New London, Conn, yester-
day, the old board OF directors was re-
elected. At a subsequent meeting of the
directors in New York the officers of the
company will be elected
The directors of the Chicago. Milwaukee
& ST. Paul Railroad, in session at New
York yesterday, declared a semi-annual
dividend of 31k per cent. and an extra
dividend of one-half of 1 per cent. The
last dividend was semi-annual one of 8
per cent. The regular semi-annual dividend
of 31a per cent. was declared the pre-
ferred stock.
Suit has been brought against the city of
Springfield. o., by Dennison, Prior & Co.,
of Cleveland, for the recovery of $1,000 de-
ceptance of the $4,000 worth of water
works bonds. II is claimed by the firm
that the bonds were illegally advertised,
and therefore it refused to pay for them
after making the highest bid.
Clarence II. Mackay, of the Postal Tele-
graph Company, said yesterday: There
is absolutely no truth whatsoever in the
rumors and published statements to the
effect that negotiations going on be-
tween the Postal Telegraph Company and
the Western Union Telegraph Company
with view to a consolidation sale. No
consolidation or sale whatsoever is con-
teplplated
When the application for the discharge
of receivers of the Guardian Trust Com
pany came up yesterday for hearing before
Judge Amos NJ. Thayer, of the United
tot Otrrt of
1t developed that John w. Gates and his
associates had begun a fight to prevent
the restoration of the company to the con-
troll of those stockholders identified with
Arthur e. Stilwell. No decision was made.
Judge Mcpherson. in the United States
District Court at Philadelphia, and Judge
Kirkpatrick, in the United States District
Court at Trenton, yesterday appointed A.
X. Brown, of Philadelphia. and Henry 1.
Rudd, of Camden, n. j., receivers for the
American Alkali Company. Mr.. Brown is
president of the company. Announcement
was made by the rehabilitation committee
of the company that the plan for reor-
ganizing the concern had become in
operative.
The directors of the Western Maryland
Railroad have called a special meeting Of
the stockholders of the company to be held
Oct IA for the purpose of authorizing the
issue of $50, 0OO. 900 of common stock. In the
call for the meeting 1t is set forth that il is
the desire of the officers of the road etc
increase the common capital stock of the
company now issued in the amount of $685.
400 to the authorized amount of 100000 00O
said issue and authorized common capital
stock when so increased to consist of LOO
600 shares of the par value Of $50 each.'
The directors of the Baltimore & Ohio
Railroad Company have authorized the is.
sue of S42, 10000 additional common stock
This Is equal to a 30 per cent. allotment OF
stock at par to existing issues, both pre-
| ferred and common, including debentures
| and voting trust certificates now outstand.
| ing The new issues will pay for equip.
| ment acquired and to be acquired, $40 600 OOs
TO be used for this purpose. One-half OF
| this amount will be used to double track
| the line along the more important points
| and 100000 will go to pay for stocks
bonds and other securities recently ac
ouired.