The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-05-08
TRADE, INDUSTRY, FINANCE.

The amount OF and per cent. bonds SO
into per cent. consols is $50, 321 $50,
Mr.. Roberts, the director Of the mint,
Tuesday purchased 3l0.T0 fine ounces OF
silver on account of the Philippine coinage
at an average of 54.4s1ec an ounce.
The st. Louis g. San Francisco Railway
Company has applied to the Now York
Stock Exchange to list 81. $4,000 additional
per cent refunding mortgage bonds of
1851
bought from Sol Charles the Gusdaloupe-
Calve group of mines in Chihuahua, Mex
leo. Unconfirmed reports say the price was
$500, 200.
Company held an adjourned meeting in Jer-
sey City Thursday and elected three new
directors-Andrew Andrews. c. Berry Poets
and l.. E. Stevens. The twelve other men,
berS were reelected.
At the annual meeting of the New York
Chamber of Commerce officers were elected
as follows: President, Morris X Jessup;
vice presidents. John 5. Kennedy. Alexan-
Wilson.
Senator w. A. Clark has arrived at Los
Angeles, Cal; primarily in the interest of
over the field he expressed Ii, and find
out where the hitch is that is bloc king his
electric-railway project, of which 3-cent
fares will be feature.
The Atlantic Coast-line Company has sent
| a circular to its stockholders Offering 5000
shares of new stock for sale at $3.50 share
Each stockholder owning twenty shares of
stock or a fraction thereof is entitled to
purchase one share of new stock. This will
provide $1,250O00 new capital for the COM
pany. but the purpose for which IL will be
used Is not stated.
A dispatch from Ell Paso says: From
persons closely in touch with the official
circles of Mexico, 1t Is learned that 1t is
the purpose of that government to
yer dollar at 80 cents gold. Thai is the
proposition with which the monetary COM
mission will have to deal. Many specula-
tors are buying large quantities Of silver
dollars with the expectation of rcaping
rich harvest when the permanent value is
produced. This accounts in a measure Cor
the phenomenal advance Of Mexican
money"
President T. c. Dupont. Of the Whining
ton Del-) powder firm of E. 1. Dupont. De
Namours & Co., and at the head Of the big
headed by his own company, has Ibeen In
San Francisco for two weeks and, accord
ing to the best advices Of the street. is there
for the purpose of adding TO the Eastern
amalgamation the powder companie. Of Cal
ifornia. Dupont is large stockhblder in
the California powder works. which is the
biggest powder-making concern lin the
world.
Jose Limantour, the minister Of finance
Of Mexico. at present I'm New York. has sold
to Speyer * Co, subject TO ratfcs ton by
the Mexican Congress. s12. 900 AZ fer cent.
two-year treasury gold notes. per cent. OF
Mexico. The proceeds OF this loan ere TO be
applied to paying for the Tehuantepfc Rail-
way works. Salna Cruz. Coatzacoalco and
Manzanillo harbor construction. etc. The
bonds are payable. principal and interest.
at the Offices OF Speyer Co.. in New York.
In gold coin of the United States. and in
London at the Offices Of Speyer Eros. in
pounds sterling The bonds will be placed
largely in this country. but some haze TO be
reserved for European investors.
Monday next the British-American Tobacco
Company. the oversee brother Of the So