davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
FINANCIAL FURRY
M DEATH RATE.
New York Physician Says Mortality In
crease Is Due in Part to
Money Worry.

NEW YORK, December 4.-That a sud
den increase in the mortality in New York
~ due, in part at least, 10 the recent
financial furry, Is the opinion of DR.. Will
lam b. ii Guilfoy, registrar of vital sta
~ti3tics. The records of the health depart
n1ent show that 164 persons died of heart
disease during the week ending November
30. an increase of SO over the corresponding
W & Of last year. Many of these were
people past Go years of age. He says:
Il ascribe the unusual mortality
among aged persons in New York to
several causes, and the recent furry
IA money matters is unquestionably ac-
eountable Tor part of the deaths. Many
aged persons have their savings Ia
hanks, aud such persons, if afflicted
with chrome heart affection, would be
very. likely to hasten their death by
Worrying
aAnotler cause is the sudden cold
weather, which brings bronchial dis
eases. aad influenza. Persons past 20
and infants under one year are always
seriously affected by pulmonary dis
eases during the first cold weather.
1rfluerza does not affect infants, but ii
causes many deaths among persons Of
advanced years. NAbout 90 per cent.
OF patients past 10 years die when at
tackled by pneumonia.
This winte seems to bring a larger
mortality of aged persons than usual,
and there Is little doubt that the an
Siety of many persons Of advanced
years over their money has raised the
death rate considerably"
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
p1v1nENp pEc1ARAr1oNs.

American Smelling and Refining Com
pany. regular quarterly of ~ per cent. on
its preferred stock and 2 p er cent. on its
common stock. The comomn is payable
January IS: books close December z, re-
open January 2, and the preferred is pay
able January 20; books close December 10,
reopen December is.
James A. Durham & Co., regular quar-
terly of 11a per cent. on its preferred
stock, payable January 2; books close De-
q, reopen January 8.
Chicago and Northwestern Railway Com
pany. regular quarterly Of 2 per cent on
its preferred stock and regular semi-annual
80 per cent. on its common stock, payable
january 2 to stockholders of record De-
cember 9.
Lindsay Light Company, usual monthly
of Sla per cent, payable December 10 TO
stockholders of record December 5.
~Interborough Rapid Transit Company,
usual quarterly of "a per cent. on its
stock, payable January 2; books close De-
cember 16. reopen January @.
Fleischman Company, regular quarterly
Of IL per cent. on its preferred stock,
payable January 2; books close December
16, reopen January 2.
Atchison, Topeka and Santa Fe Railway
Company, usual semi-annual of 25 per
cent. on its preferred stock. payable Feb
ruary 1; books close January 2, reopen
February 8.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
. r YIN G T @
RECOVER
LOANS
Providence Man Suing Dyne-
lecirOn Co. ia Behalf
Of Directors.

The international Dynelectron Conn
pany. whose plant at s52-s54 Mulberry
street was sold by Sheriff Frank N.
Sommer for $4,000, was the defendant
in a suit before Vice-Chancellor Emery
today. Stephen L.. Tingley, of ProgE :
dence, was the complainant.
This company was formed in Mo-
yember, 1905, in the District of Column
bia. n it's charter called for the
manufacture of electrical machinery
The Mulberry street plant in this city
was rented and machinery Installed. !
At the outset the company discovered
that 1t would require a large sum of
money to operate the plant, II the
directors of the company held a meet
ing and voted to obtain a loan of SO, 500.
In return a collateral mortgage was
given and a four months note for this
amount, and James S. Kenyon, q
director, advanced the loan. Later
mere money was needed, and Mr..
Kenyon loaned $1,000 this time. James
Mason gave $2.s61.10; Mr.. Tingley gave
a loan of $S.304.1S; Benjamin f. Arnold
gave 1920; John w. Knibbs's con-
tribution amounted to SS,035, and Fred
w. Hartwell's $1,000.
Then the first mortgage was EXTEND
ed so as to cover all these loans. In
some way. not explained, this mortgage
was not filed until the International
Company learned that James Fl. Reed,
president of another concern, known as
the National D~ynelectron Company,
was negotiating for the purchase of the
Mulberry street plant. Then pressure
was brought to bear and the mortgage
was filed.
The international people were not
making any money, and several of the
directors banded and transferred their
loans to Mr.. Tingley. The latter.
through his lawyer, Mr.. Bradnsr, want
ID the money secured by the Sheriff's
sale to pay back to the men who had
advanced loans.
When the case opened today it was
discovered that Charles F.. Crosselmire,
owner of the Mulberry street property,
had a claim for rent. Theodore M.
Purcex, who came into possession of
the mortgage covering the loans, put
in a claim for the face of the mort
gage.
1t developed in the reading of the
a~ffidavits that Mr.. Tingley, as organ
izer of the company and director OF the
International Company. voted to trans
fer the company stock to the National
Dynelectron Company.
The Vice-Chancellor said that If this
were proved it might affect Mr.. Ting
ley's status in the court as a COM
plainant. This will be decided later.
Secretary Tingley's testimony disclosed
the fact that when the International Com
pany transferred its patents, machinery,
etc. to the National Dynelectron Com
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
$34.71 PER CAPITA:
$780, 65, 058 TOTAL.

WASHINGTON, Dec. 4.-The general
stock of money in the United States De-
cember /, as shown by the monthly state
ment of the Division of Loans and Cur
rercy was SO ,2G9. 065, 05S. an INCREASE of
$i20. 2sS. 147 in the last month. The per
capita circulation of the CO lntry rose to
S34.71.
A large part of the increase in the stock
OF money is due to new issues of national
notes, and another large part to the
fact thst the coinage of gold at the mints
reached d high figure.
The increase in national bank notes was
SAC. 237 ,7So. bringing the total up to $606,2lS,-
1856. The amount of money In actual cir
culation increased during November from
ST. SIC. 63S, 696 to $3,OOS. 241. 5s3.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
THE 7 T MARKET.

NEW YORK, Dec. 4.-The cotton market
opened at an advance of 21@27 points on
active and excited demand for both long
and short account. Trading was In greater
volume at the opening than at any pre-
vions time this season and heavy stop
orders were uncovered by initial advance.
The buying movement was started by tue
firm showing of the Liverpool market,
whore spot sales We're the heaviest of the
season, and was encouraged by reports
that Lancashire labor troubles had been
settled, of improved general trade condi-
tons. and predictions of a more urgent
demand from domestic spinners.
There was tremendous realizing at the
advance and fluctuations were somewhat
irregular during the early session, but the
market continued very active and firm In
tone with prices only a point or two OH
from the Top during the middle of the
morning. January sold at 11.19 after the
call, or 20 points net higher.
The market continued active all fore
noon and while prices were 6 or Z points
off from the top the market at midday was
very strong at advance Of AGA points.
Spot people were buyers during the fore
noon and 1t was reported that Southern
spot basis was q cents higher this
ornin
Ouofa tiona furnishad NV Van Srhaick g.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
MONEY N

Call money in New York 400 per cent.
New York Clearing House statement: Elk
changes, $251 ,404, 1885,; balances, 1882, i6i;
sub-treasury credit. 500, 6s5.
Comercial bar silver in New York SIS
cents; Mexican dollars 46 cents; bar silver
26%d.
Paris closing rentes 90 francs 65 centimes.
Paris private rate of discount 4@4A per
cent; exchange on London % francs u
confines. Berlin private rate of discount
Z per cent; exchange on London 20 marks
50 pigs.
Money on call in London 41a@4a4 per
cent. Rate of discount for short bills 5s@6
per cent; three months bills 59sG5s per
cent Copsols for money S2%d.: for &C
count SS1sd. The Bank of England sold
G305, Coo gold coins to New York and re-
ceived e142, 900 of gold.
Foreign exchange market held an easy
tone. Demand sterling was quoted, 1850
1850; cables, 4.S7A@4s7s5; sixty day bills,
4.SO@4.S0A; francs, 5.1S1sq5.171a less Lie;
and short reichmarks. "a 11-16@94s4,N
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
1,1so FAILURES.
Big Decrease in Liabilities as Compared
with October.

NEW YORK. Dec. 4.-Commercial fail
ures in the United States in Novem-
Der we're l.1SO in number and ST.. 637, oil
i'll amoant of defaulted Indebtedness. This
is a decrease of about $40. 100000 in llabili-
ties rs compared with the failures in De-
tober. and slightly smaller than the fig
nres for September. indicating hat the
situation Is improving, although losses
show a heavy Increase as compared with
the $50 failures in November, 1906. when
liabilities amounted to $1l $3.50, Use.
Manufacturing failures were 800 In num-
Der and sos sos in amount, compared
with Pc defaults in the same non last
YEAR. when the amount Involved was only
IS, a1. 1872.
Trading failures we're $40 in number and
50. e40,o 65" in amount, against 6i7 failures
last year. with liabilities of "a, $3.50. Ais.
the only noticeable increase of liabilities
over the figures for the same month last
Year octclTed in the manufacturing class.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
WALL STREET
READING BLOCKS THROWN
ON MARKET.
Opening Was Erratic and Prices Tended
Downward, but Rally Soon
Came.

NEW YORK, Dec. 4.-First prices OF
stocks showed sharp fractional declines in
continuation OF the reaetionary movement
which developed late yesterday. Canadian
Pacific was down ~, American Smelling
rs and Southern Pacific, New York Cen
trail, u. S. Steel preferred. A~malgamnted
Copper and Anaconda large fractions.
American Car rose Is. The trading was
duh.
IL a. m.-Movements became cratic, out
the ftful rallies were succeeded by a
slightly lower level than before, so that a
fair proportion of the list ruled a point
or more below yesterdays closing. Large
blocks Of Reading were thrown on the
market. but after these had been ab-
sorbed the price rallied from 9lA to '5fs.
The action of this stock largely influenced
the general market. At II o'clock the
market was steady and well above the
lowest.
The general level of prices recovered TO
about last nights closing, in sympathy
with the rise in Northern Pacific of 21s,
Reading, Northwestern and Delaware ana
Hudson ~. Brooklyn Transit rs and
Union Paeifc and Great Northern pre-
ferred l.. Minneapolis, st. Paul and Sault
Ste. Marie preferred rose AZ. There was
heavy realizing Ia American Smelling on
declaration of the regular dividend, which
carried that stock down 2ss and weakened
the whole list. CRANKY Mining fell 3,
Amalgamated Copper 2, st. Louis and San
Francisco second preferred ~ and Kansas
and Texas preferred and General Electric
1. The market rallied again before noon.
Bonds were irregular.
l p. m-The sustained demand for the
Hill stocks impaired a much frmer tone
to the general railroad list, and there was
also indication of support in the copper
stocks. Pullman jumped : points, Northern
Pacific and United Railway and Invest
ment preferred 3la, Delaware and Hudson
215, Great Northern preferred "a. Inter
Mercantile Marine preferred Ia.
Paul 49,, American Telephone and Tele-
graph IA and American Woolen l. United
States Pipe preferred fell IA.
2 p. m.-The strength initiated in the Hill
stocks irradicated the rest of the market
with a growing force. Northern Pacific
an extreme 81, Delaware and Hudson
Az, st. Paul and Great Northern preferred
81, Union Pacific "a, Reading "a, Pennsyl-
vania 2, Brooklyn Transit and Louisvil e
and Nashville 2, New York Central rs,
Southern Pacific ~ and many stocks l or
more. There were fractional reactions at
2 o'clock.
3 p. m.-The market closed strong and ac-
tive. There was a period of profit taking
and price reaction, after which the market
r~ebounded. Great Northern preferred and
Republic Steel preferred rose 4Is, United
Railways and Investment Stock 5hs, u.
S. Leather preferred 5, Northwestern 3.
Atlantic Coast Line, Brooklyn Rapid
Transit and Western Union Telegraph ~,
Southern Pacific, Wisconsin, Central and
American Car 9, and National Lead Ia.
Long Island sold at a decline of 4.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
rHE PRODUCE MARKET.

NEW YORK. Dec. 14.-Flour-Receipts,
20, 942; sales. 1900. Steady but dull; Mime
sofa patents, 5.2Od5, so; winter straights,
4. 45a1.65: Minnesota bakers, 4.5O95.Q0; win
ter ~paten.s, 4.S0@o.2 20.
Wheat-Recelpts. 139, 900; sales, 100000.
Stronger cables, with reports of rain IN
Argentine advanced wheat half a cent TINS
morning. May. 109h@10914; July, lO4AW
1915.
Gorn-Receipts, 1905; sales none.
P~ork-Steady.
Lard-Firm: western prime, S.4O9S.50 {.
Sugar-Raw, quiet; fair, refining, BIO;
centrifugal. SO test. 3.621s; molasses sugar,
2.S5: refined, quiet: crushed, 5.4o; powdered,
ass; graduated, 40.
Petroleum-Firm; refined, all ports, 5000
$40.
Mola sses-steady; New orleans, S4@42.
Poultry-Alive, firm; Western chickens,
IL; fowls, 1872; turkeys 1879. Dressed,
weak; Western chickens, 10d16; turkeys,
12Q15; fowls. 96121h.
B~utter-Steady: receipts. 6,4S. Imita-
ton first, 21@22; Western fac
tory, common to first, 15@2O.
Gheese-steady, unchanged; receipts
4,02O.
Eggs-Firm. unchanged; receipts. 1893.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
GAVE 100000 STOCK.
Auditor Brewster, of Pacific Express
Makes Big Disclosure.

INDIANAPOLIS, Ind, Dec. At de-
veloped at the investigation being con-
Quoted by the Indiana, Railroad COMMITS
sion into rates. practises and alleged dis
ordinations by the express companies in
indiana that the Pacific Express Com
pany. in order to gain the right to use
the lines of the Wabash, Southern Pacific
and Missouri Pacific railroads, gave 10
those roads stock to the amount Of $780,
COG in addition to the regular charges for
the use OF the lines.
The Information came out in response to
the questioning of Auditor Brewster. OF
the Pacific Express Company. relative to
tine Capitalization of the
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
EARNINGS.

For fourth week in November
Wabash, s549, 40. decrease $s6.559. From
July l. s11, 1886, PSF, decrease $7.S17.
Western Maryland $155, 434, increase $780,
1879. From July 1, $2,675,3 76, increase 1885,
572.
Canadian Pacific $2,o54,00 increase 1884,
600. From July l. $54, 1928 51, increase 81
94S,159.
For October:
Illinois Central. gross IS, SoS, S7S, increase
1882, 107; expenses $4,O7S, 234. increase 1884, 100
net / .230,644, decrease $102,0 53.
Central of Georgia, gross 81, 245,025, in
crease $159, 30; operating expenses sS69,9l2
increase $104,736; net $S15, 113, increase
$54,534.
Hooking Valley, gross $65s, 935, increase
S56. 655; operating expenses $456, 103, in
crease $72,S51; net $2OS,S32, decrease $500.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
WANTS NATIONAL BANK DATA.

WASHINGTON. Dec. A-Senator Clay
today introduced a resolution calling upon
the Secretary of the Treasury to supply
the Senate with a list Of the national
banks which are designated as United
States repositories and to give the amount
that has been deposited in each during the
year 1907. The resolution also calls for
Information as to the amount of govern
ment indebtedness which can be paid off
before maturity. Senator Culberson in
troduced a resolution which was similar to
Mr.. clay's in many respects, but somewhat
more specific.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
P. N R. EARNINGS.

PHILADELPHIA. Dec. 4-The monthly
report of the Philadelphia and Reading
Railway Company for October, 1907, com
pared with the same month last year,
shows an increase in net earnings of $751;
465. Notwithstanding the new two-cent rate
law. The net earnings for October, 1906,
were Sl,556, 800, and for October, 1907, 81, 700, e
companies for the four months from July
/ to November ] show an Increase Of
$1,529 $50, compared with the same period
of 1906.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
ACoUlT LAWYER FORD.
Jury Frees Railroad Counsel of
Bribery Charge.

SAN FRANCISCO. Dec, 4.-Tirey l..
Ford, general ounse of the United Rail-
roads, was late last night acquitted of the
charge Of having bribed former Super
visor Jennings Phillips TO vote for an over
head trolley franchise. The Ford case was
the third one In the series of graft prose-
cutions. In the other two cases, those of
former Mayor Schmitz and Louis Glass,
vice-president of the Pacific States Tele-
resulted,
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
MORRIS L DEAD.

NEW HAVEN. Conn.,, Dec. 4.-Morris
F. Tyler, president of the Southern New
England Telephone Company and one OF
its organizers. former treasurer of Yale
University. and who Is a millionaire. died
unexpectedly at his home here this MORN
ing. He had not been well for some time.
Mi. Tyler was born in 1S4S and was grad
uated from Yale in 1870.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
orr suIr An1ouRNEn.

NEW YORK. Dec. 4.-The hearing In
the dissolution suit brought by the
government against the Standard oil
Company, which was begun yesterday
before Special Examiner Franklin Fer
riss. vas adjourned today until jan
uary 6, in order hat counsel for each
side might agree on the admission of
testimony taken in other proceedings
against the oil
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
or MAN RAps RoosEyEIr.

BAYONNE, Dec. 4.-Colonel Charles w.
Fuller, employed by the Standard Oil Com
pany as one OF its lawyers. in an address
before the Mems Club of the First Re
formed Church. last night, declared that
President Roosevelt was responsible for
the recent financial panic.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
100000 BOND ISSUE.

MADISON. Wis. Dec. A-The State
Railroad Commission has granted the
Lake Superior and Southern Railway per-
mission to issue 8 per cent. hfty-year bonds
to the extent of 100000 face value. The
mpa proposes to build a line from
Huron, Mich, 10 Champion, Mich.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
THE LONDON MARKET.

LONDON, Dec. 4.-Tbe weakness in New
York late yesterday caused an easier open
ing in American securities here today.
Trading was quiet during the early ses-
sion, and at noon the market was dull,
with prices generally y to 11s below the
early.
A slight Improvement later was assisted
by the New York opening, and the market
closed Arm at the lowest price of the day.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
MUsT GUARD CROSSING.

PAssAIC. Dec. 4.-The State Rail-
road Commission has reported to the
City Council that the Harrison street
crossing of the Erie Railroad, at which
several fatal accidents have occurred,
should be guarded by gates both day
and night. The commission recon-
mends that the city proceed at once,
according to the law of 1908, to have
the crossing properly protected.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
ERIE QUITS ASSOCIATION.

CHICAGO, Dec. 4-Notice has been
served upon Commissioner F. C. Donald,
of the Central Passenger Association to-
day that the Erie Railroad will sever con
nection with that body January /. The
notice came from r. RI. Wallace, of New
York, general passenger agent. 1t gives
no reason for the proposed action.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04

JERSEY CITY, Dec. ARTICLES of in
corporation of the following concerns were
filed yesterday:
Public stock and Grain Company, to carry
on a general stock brokerage business,
capital s1O0. OO0. divided into 1000 shares of
the par value Of 500. Incorporators:
George A.. Lambell and William G. Jacobs,
of l Montgomery street, and John X. Dali
Russell Company, to deal in real estate.
capital 100000. divided into 1000 shares Of
the par value Of 500. Incorporators: IT. O..
Coughlan, Lewis H. Gunter and John K.
Turnar
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
coNx11N CHOSEN A p1REcroR.

The annual election of directors of
the Newark Fire Insurance Company
was held at the ofices. TAI Broad street,
yesterday. Five directors were elected
Theodore Coe, James s. Hfgbie, Alfred
+. Skinner. Henry Dickson and Frank
lin Conklin, all of this city. The last
mentioned was chosen in place of Caleb
i. Woodruff. who resigned.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
REDUCTION IN COPPER.

NEW YORK. Dec. AIT the metal ex-
change today all grades of copper were re-
duced Is OF a cent per pound In both tbe
bid and asked prices. making Lake lsz,1s
1sh cents, electrolytic 135s9ls2s cents. Ini
casting 12M@1sh cents.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
CHICAGO GRAIN MARKET.

CHICAGO, Dec. 4.-Wheat opened firm,
due to higher cables. There was a good
demand from commission houses and
shorts. May, 1913.
Corn-Strong; May, 56%957.
There was a good trade in oats, May,
5sN.
Provisions strong; May pork. 13.45; lard,
8.071a and ribs, 40.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
o. S. BUYS SILVER

WASHINGTON, Dec. 4-rba Ts,sasu~v
Department today purchased snooo ounces
Of silver at $500 cents per fine ounce
100000 ounces TO be delivered in san Fran.
cisco 10000 in Denver and IOO,0 In
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
KANSAS o R YIELD.

TOPEKA, Kan, Dec. 4-Secretary Co
burn, of the State Board OF Agriculture,
reports the total yield OF corn in Kansas
this year was 14b.c 900 bushels. with a
home value of $63, 100000.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
DENY WAGE REFLECTION.

NEW YORK, Dec. 4-Ohiciais of the
United States Steel Corporation made
denial today of reports recently circulated
that the company had posted notices In
Pittsburg and other cities announcing a
reduction in wages to be made January /.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
IN SUGAR.

NEW YORK. Dec. 4.-AI grades of
refined sugar were advanced today
i've Gems a hundred pounds.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
NEW YORK OUTSIDE SECURITIES.

The following quotations are furnished
by Van Schaick & Co.:
Closing yester- Close to-
day. day.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
NEW YORK PRODUCE EXCHANGE.

Furnished by Byrne & Mcdonnell, stock
brokers', 800 Broad street. Telephone OLD.
Opening. Closing.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04
BUSINESS AND FINANCE.
AND NOTES
FOR INVESTORS.

The American Car aud Foundry Com
reports that 1t has sufficient coll
tracts on hand to keep it busy until jan
uary l.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-12-04

Brake Company have voted to incr ase the
capital stock from s11. 600, 900 to $14. 100000.