The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1910-03-26


mittee of five appointed last month
for the purpose of looking into the
matter. have come to the conclusion
that the unlisted department shall be
discontinued after April 1, 1910. the
time designated by the legislative
committee as reasonable period in
which the officers of the companies
could get up the data and reports
necessary to have them listed. There
for after next Friday all securities
which are not regularly listed on the
exchange will have to find a market
on the curb. 1t was said today that
nearly all the companies whose stocks
, have been quoted in transactions on
the New York stock exchange Wou d
get in line and submit the necessary
reports upon which they could be
listed. Among some of the better
known securities dealt in on the un-
listed department at present are:
Amalgamated Copper. Anaconda Cop
per, Batopilas Mining. Tennessee Cop
per- Alice Gold and Silver, Comstock
! Tunnel NeWhouse Mines q Sm., Am
erican Shelters pr. 3. American Grass
Irvine, American Linseed, American
Wooden, Distillers Securities, Federal
Supar, International Power, Old
Dominion, Railway Steel Spring,
Great Northern Ore and Nationa. Bis
cult. The aggregate amount of cap
ital involved in the new rule is more
than $500 900 900. Within the last six
months number of stocks previously
sold only in the unlisted department
have passed the necessary eXamina-
ton and gone on the regular lists.
The American Telegraph and Tele-
phone mpany-Which controls the
Bell companies all over the country,
and recently acquired the Western
Union Telegraph company and the
American District Telegraph COM
pany-wi | have a special meeting of
stockho ders next Tuesday to increase
the capital stock from $500, 900 900 to
$4,000 900.
In the annual report of the COM
pany President Vail said that none of
the increase will be needed during
the current year for ordinary capital
expenditures Speaking of the desir-
ability of increasing the capital stock
he said:
THE limit of the authorized capital
with what is reserved against the con-
version of the convertible bonds has
almost been reached. The expansion
Of our business is continuous and
probably will continue at least as fast
, as in the past. 1t is believed. how
ever, that in the future much of the
financing can be done locally thus
! re ieving this company of the burden
and strengthening the local associate
company
While there are not in cOntempla-
ton any large financial operations,
yet a company of this magnitude
should be in aposition where every
! situation can be met promptly and
| effectively"
| A proposed increase in the number
! of directors will also be considered
at the special meeting.
! The distinguished Brooklyn ex-
| plorer. DR.. Frederick A. Cook, is ex-
| pected back in our midst next week
! DR.. Cook has been exploring South
i America, with a view, it is rumored,
| of going after the south pole. That
! he is far from broke is evidenced by
| the fact that he has engaged a suite
/ of rooms at the Wa dorf -Astoria.
This information was given by an
| intimate friend of DR.. Cook. who has
| been in communication with him by
letter and cable since soon after Cook
| disappeared from this city months
| ago.
DIR. Cook has now recovered en-
tirely from the mental strain to which
! he was subjected, and which broke
him down completely during the polar
controversy said the doctors friend,
land he is now ready and anxious to
| return home. He has cabled to the
| Waldorf Astoria to reserve a suite of
rooms for himself and wife, and he
will live there quietly for time un-
| til he can make other arrangements.
There are thousands of people,
even here in New York, who still be-
| lieve in DR.. Cook, and the reception he
will receive at the hands of his friends
will surely be most cordial one. In
many ways he was ill-advised during
the controversy. He will now be pro-
| tected by his intimate friends from
| any annoyance at the hands of the
| curious or crankS.
! II have been asked if the doctor will
| give any more lectures relative to his
/ polar explorations. In reply to this l
will say that Dr. Cook looks upon the
decision of the Copenhagen scientists
as final to a certain degree. a though
no doubt his friends will make an en-
deavOr to have the decision reversed"
7 VVYn IN