The daily morning journal and courier., 1903-04-21
LOCAL FTNA NCTAL NOTES.

New York, New Haven and Hartford railroad, which sold down to 200 few days ago, has advanced this week to 205 34. closing at 205 bid, 206 asked. The city of New Haven will receive
 bids on the 23d inst. for $70,000-3 1-2
 per cent. bonds, which run to different
 maturities. MT. J. N. Rowe, the ity controller will be pleased to mail cir
 cuars to all probable purchasers. New Haven investors will be called upon on May 1st for 50 per cent. in- staIlment on debentures issued by the New Haven Gas Light company; the amount will be $375, 900.
 On the same date the last installment of $6O per share will be due on the new stock of the Edison Illuminating com pany of Boston.
 On June 1st an installment of $45 per share will be due on the new stock of the New York, New Haven and Hart ford railroad. The rights accrue May 15 and expire June 1; the last install- ment of S45 per share will be due Jan uary 2, 1904.
 Boston financial reports say: The , only copper stock which did not suffer materially in the recent break was Shannon copper. After over three years development and construction work, and the expenditure of nearly two million dollars. the company claims that 1t is now earning at the rate of two dollars & share year. The prop erty consists of forty-five claims in the A.,sn 4,,.o
 the properties of the Arizona Copper
 company and Detroit Copper company ! Over five miles of openings have been
 made on the property. The smelter Is designed for five three hundred ton fur
 naces, and two furnaces have been in- stalled. A concentrating plant. with daily capacity of five hundred tons, has also been erected, and machinery in- stalled. for three hundred tons The company are now treating four hun
 dred and fifty tons of ore per day with one furnace, and the concentrating plant, now in commission, and are making million pounds of copper a month at an estimated profit of seven cents a pound. This gives a profit of $500 900 year with present selling price for copper. The interest on the com pany's $6O0,000 bonds and sinking fund of 10 per cent. requires $100000 per year. leaving $700000 for the company's 300,0 900 shares of stock. Within a few monahs the concentrating plant will be brought up to capacity of five hun- dred tons, when the production will be at the rate of eighteen million pounds per year. Twelve months from this date the company should be making twenty-five million pounds per year. The stock has stood the weathering process of stock exchange vicissitudes during g period of great depression. and it's market is now 8 stable one.
 Dividends soon due are:
 American Car Foundry preferred, 9-4 per cent, payable May 1; books closed April 10.
 American Car Foundry common, per cent, payable May 1; books closed April 10.
 American Cotton Oil, 2 per cent, payable June 10; books close May 15.
 American Locomotive preferred. S-4 per cent, payable April 21; books closed April 8.
 American Tobacco preferred, ? per cent, payable May |; books closed April 15.
 American Tobacco common, per cent, payable May 1; books closed April 15.
 Atehison. 2 per cent, payable June 1; books close May 5. Cleaveland, Cincinnati Chicago & St. Louis preferred, IA per cent, paya- ble April 20; books closed April 10.
 Delaware, Laclzwanna &, Western, 1 3-4 per cent, payable April 29; books closed April ?.
 Edison Electric, Boston, 1-2 per