davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
CONDITIONS IN TEXAS FINE
Lovett's Report After Trip to
Discuss States Railway Laws.

Ex-Judgo t. 5. Lovett. chairman Of tho
board Of tho Union Pacific and Southern
Pacific roads. returned yesterday from
Dallas, Tex, where he delivered an address
Lefore the Texas Welfare Commission Oh
the attitude OF that state toward railroads.
In discussing his trip, he said:
For the last three years Texas has not
had enough rain. This year the rainfall
there has been az plentiful as in the East
and conditions are excellent, In fact, they
could not be better.
| found business sentiment very good on
the way to Texas, and the feeling among
business men In Texas IL as optimistic as
could be expected. over in Louisiana they
have had too much rain and, Of course,
considerable damage has been done in sec
tons Of the country affected 10y the MisslS-
sippi floods. but our irafic will not be
greatly Influenced, rs the Hoods were not ia
the region Of our lines.
Judge Loyett said that nc had not dis
cussed politics on the trip. Asked about
the effect Of the Presidential campaign on
business, he replied;
Why. | thought tho Presidential cum
paipn had been discounted long aEo. AZ
Tor the prospective candidate of the Rcpub-
Iican party Il doesn't seem to IN" that tie
results I'm Ohio can leave any one In much
doubt.
In his speech at Dallas Judge Loyett dis
cussed various Texas laws which in his
opinion interfered with railroad develop
ment summing UP the situation as follows:
The whole thought and spirit OF the
Texas laws rs that the railroads are max
ing too much money-that the railroads are
getting something they ought not 10 nave
Certainly no state In the mon needs ran
road facilities more than Texas. You can
not have Them unless you allow them 10
earn some money.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
THE COTTON MARKET
General Tendency Downward
and Barely Steady at the Close.

Under scattering liquidation and q feel
ing that the crop outlook will improve ma
terially before the governments condition
figures are made mp for publication on
June ( the cotton market was generally
casier and except. for occasional bulges
Of few points kept to the downward path
all day. closing barely steady at a net
decline Of II to - points. The market
opcned steady at "A decline OF 2Hj points
and the close was at practically the lowest
point OF the day, with July selling at lll0
cents and October at ll.26 cents. or about
20 to y points off from the best level Of
Wednesday. There was covering and some
trade buying and the market met consid-
cradle buying power on II scale down, while
offerings showed tendency 10 increase on
moderate rallies. The trade IL evidently
nervous. owing TO uncertainty both as TO
the showing and effect OF the June condi-
ton figures. Southern spot markets were
unchanged TO Il cent lower. The compare
tive weakness of July in New Orleans at
tracted considerable attention, as II was
thought likely to foreshadow an easier
turn In the interior. Yesterdays exports
Of over 1900 bales brought the total for
the season so far up to over 100000. for
the first time iu the history OF the trade,
and with three months still to hear from
il il predicted that the exports for the
rul season. will be In excess OF 105o.0c0
bales. comparing with the high record Of
s.7S3.ODO bales, which was established In
the season of l90i-'05.
Spot quiet at 10 points decline. on tho
basis of 115O cents for middling upland.
Sales, 12j bales; delivered on contract. 1000
halna Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

New York. May %. 1912
GRAIN-WHEAT-Repo OF further dam
age by hot winds IN Kansas together with
claims that the crop is going backward In
some parts OF the Southwest. had a stimuat-
ing influence early, and prices worked up
2, n / &C. Later crop news was of a conflict
Ing character. Persistent selling on the bulges
by a commission house which had been prom
inently identified with the bull side finally
undermined confidence. and late in the scs
sion prices declined rapidly under heavy un-
loading. The market AT the close weak
ut IL n ~ down from the high point OF
the morning. and showed n net loss from the
previous day Of n9Sc. Foreign markets
nrm. but tho advance abroad was
checked by prospects OF large shipments from
Argentina No : red wheat here. 81 23iz.
/ Z. domestic basis. to arrive, and export,
81 % . Do. afoat, TO arrive; No l Northern
Duluth. 81 81. Z Rroat. CORN-Flrm
early with prices Z a &c higher on further
complaints Of poor termination and the effects
~ the late season generally. but late in the
day prices were easy. closing az net loss
~ = n nc. Export corn. s5Ac. b. afost
OATS-Firm early. but eased on late with
liquidation prompted by the heavy selling in
wheat and corn. and generally favorable crop
advices. Cash oats steady; standard white
81 nc In elevator; No 2. sc. No ,. 6ihc: No
4. SIC, natural and white clipped 81 465tc
on track RYE-Nominal BARLEY-ouiet;
mailing. 81 1881 2s, I Z. Buffalo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
THE CROP MARKETS
Wheat and Corn Advance and Re.
Cede-Coffee Climbed Upward.

Weather reports and crop news started
the wheat market off with a rush upward
which later news checked, and following
some heavy unloading the gain was more
than lost. with weak market showing
decline Of !. to q cents from Wednesdays
close. Corn followed the lead of wheat
showing an advance early, mostly due
to the complaints Of late and poor germna-
ton. but gradually declining until the end
was hG1s cents lower than twenty-four
hours before. Oats also eased of late in
the session.
Coffee presented a sharp contract to the
cereal markets opening slightly higher, and
under foreign buying maintaining it's up
ward trend until the close, which was
from to II points above that OF Wednes
day. Provisions began the day with
symptom Of steadiness, but developed
weakness and sagged steadily. closing at
the low point of the days trading.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
STATE BANKERS SPLIT UP
Association Divides Itself Into
Five Groups.

BY an almost unanimous vote the New
York State Savings Bank Association
voted yesterday. at the annual convention
at the Chamber Of Commerce, to amend
the constitution and divide the organiza-
tons into five groups of counties. The
former executive committee is done away
with and instead the chairmen and seTe-
taries elected by each group will form the
executive committee. The ex-presidents
for the last 1--WE years will also serve.
There was great deal Of discussion over
the amendment. Some members urged It
on the ground that upstate bankers felt
they wished to meet in groups where they
could talk more closely and again because
these Out-of-town bankers felt when they
came here TO the annual meetings that the
New York men had already arranged every
piece Of business that was to be trans
acted.
Clark Williams, president of the Windsor
Trust Company, gave some "reminiscences
OF the panic of 1907 and referred to his
former warnings against the payment OF
dividends on accounts not warranted by
bank SURPRISES. lie urged that banks
maintain only such interest rates as would
keep up substantial margin Of safety.
II. +. Brewster president Of the Rochester
Savings Bank, who was elected to succeed
Charles +. Hanaman, president Of the
Troy Savings Bank. as president Of the
association. spoke along the lines suggest
ed by Mr. Williams. lie dwelt on the
proper margin Of safety in the way OF
sufficient surplus and said that depositors
were not drawn 10 the postal savings bank
by the high interest rate. but because the
strength of the government stood behind
them
The following officers were elected Ia ad-
dlton TO Mr.. Brewster: First vicepresi-
dent, Walter Trimble. Of New York City;
second vce-president, William Felsinger,
of New York city; third vice president.
Robert 5. Donaldson, OF Buffalo; secre-
tary, Frederick y. Stevens. Of Albany
treasurer, William II. lockwood, Of New
York City: executive committee Henry A.
Schenck, Of New York city, Thomas +.
Balfo, II Newburg, and Casimir Tag, OF
New York city
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

75casl; North Carolina, crate, IScasi; egyth
Carolina, 5ocqs1 ~; Florida, Jocasli CELERf {.
standard case, s1aSi 10; l0-inch, flg$l oo Ser
muda, standard case, s4as5; small. u ooqszi
CORN. crate 81 5OaS3; EGGPLANTs. boz, ssp
49, LETTUCE. Carolina, 35as5c; nearby, ,e %,
81 5OaS2; Jersey. basket. Slgsl 30; LIMA
BEANS. basket. S1dS4 MINT. 100 bunchee. -
n$1 80; ONIONS. Bermuda new. crate, y O0
81 30: Texas yellow. 81 2JqS1 80; white. ~ ZIG
81 80; red. SinS1 20; Egyptian, bag u !oasx. ~;
OKRA. carrier. 81 50d$4; PEPPERS. box, NO
50 %: 9-till carrier. 81 1892: PEAS. North car
DINA. large, large basket. s1d$2 -: small pas
ket S1Gsl 90; small. large basket $l9sl 20:
small BASKET 75casi %: Virginia, large, large
basket. 81 25qS2 80; small basket, slgN 10
small. large basket 81 2Jg$1 70: small basket.
baltimore. large. basket 81 25ds2 80: small.
81 50Gs1 30: PARSLEY. plain. bb $9gss; curry.
s5as6; crate, 81 25aS2 25 ROMANO. box, $40
81 70: RHUBARB. 100 punches, Ocd$l; RAD-
ISHES, 100 punches, 75cISi; ,SHA11LOTSt IO
punches. S1dS1 so; SPINACH, Dbl, 2Jg$l 20:
SQUASH. white. Dbl crate, 81 50ds2; basket, ooc
GsI: crookneck Dbl crate. slG$l so; basket, 500
75c: TURNTPS. Southern. Dbl. $ia$3; ToMA-
TOES. fancy, carrier. 81 50dS2 so; choice II n
TS1 75; common SlU$l D.
MILK AND CREAM--The exchange rate re-
mains at 3tc a quart net 70 the shipper In the
90 cent zone or 81 81 a 40-quart can, delivered
in New York The market yesterday was In ex-
cellent shape the supply and demand approxi-
mateIy balancing II will be demonstrated
within the next few days whether the market u
to be as flush as usual this season. The pe
lief is that II will not owing TO the depletion
OF herds because OF high price OF fodder. Inc
receipts of milk in i0-quart cans for the week
ended Nav Is were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
PUJO COMMITTEES QUEST
To Probe Relations Between
Banks and Insurance Companies.

The Puio money trust" investigating
committee, according 10 advices received III
Wall Street from Washington, is now
planning to inquire into the relations be-
tween the banks and the larger insurance
companies. The Investigations Of the Arm
strong committee a few years ago disclosed
intimate relations between banking and In
surance institutions. and one of the results
of that inquiry was the measure passed at
Albany requiring tho Insurance companies
TO divest themselves of the ownership Of
all stocks by the end OF 1911. The period
was extended year ago. the principal in
surance companies still owning large
blocks of stocks which would have to be
sacrificed If obliged TO be sold within a
short limit OF time.
The Mutual Life and the Equitable Life,
however. have disposed OF most Of their
holdings OF stock Of financial institutions,
among the important transactions of the
sort having been the sale by the Mutual Of
its stock in the Guaranty Trust Company
the National Bank of Commerce and the
United States Mortgage and Trust Com
pany. and by the Equitable OF Its interest IN
the Equitable and Mercantile Trust COM
panies. The New York Life has for a
number OF years owned no stock in any
financial or other corporation.
Although the insurance company holdings
of bank and trust company stocks are now
relatively small. the PuJo committee is I'M
derstood to take the position that sub
stantial community OF interest still exists
among institutions Of the two classes. and
IT is probable that It's counsel will, in con-
Quoting the inquiry upon this point. seek
TO bring out testimony showing the exist
ence Of a system Of interlocking director
ates
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

PROyIsIONs-Afte opening steady. in
sympathy with hogs developed heavy under
In the day became weak. closing at the lowest
point OF the session. PORK-Steady: mess
SEQ &c. nEn sSG SO fS snoss Gsa
ily, $IsGsts so: packet. si7asi7 20: extra In
s s5s mess s22S sec 50 BEEF TAMs-Quist at
4. S si1 pigs iinc' CUT ME Ssgyhs.
Picked bellies ii a l2c; picked hams. i2s q
1ac. TALLow-ouiet special. 07sc: city,
die West. io'SS q 10 Csc; city ioRc; refined,
South America. 12c; Continent. I1.lOc: Brazil
kegs 1Sc; compound. eaetS;, srEARINE-
Steady: oleo. 10c city lard, 12hc.
METALS - COPPER - Standard irregular;
spot and May 1880 le 26c;. June and July.
sS1& A iSsss A4 sSa ass
exports. 1882 tons so far this month: London
seas spot az LIS 3D. futures "a p %
i8%c: casting. 1917 916Ac. TIN-Firm: spot
and May. a4562hc; June 4525 a IS. SOC:
July, +37h q 4465c; August. +412h a
June at - &c. 2S at 45soc Is at 45s5c. so ' al
5.40c and so at 45.42hc: Is tons July at
los. LEApwouiet at t15aa25c ui New York FORK
and 4 O5 a4.1Oc East 81 Louis: London. fIs los
sPELTER-ouiet at $50 q DOC New York and
ANTIMONY-Quiet; Cooksons. Sc IRON
Cleveland warrants. 53s iOhd In London. To-
and soft. SIS 5oa SO 10.
MOLAssEs AND sYRUPs-ouiet and I'M
changed. New Orleans centrifugal, common
I4af5c; fair. 16910c; good. 20 a zee: prime.
90 a 32c: New orleans, open kettle. 35 n soc:
sYRUPs. common. 9612c; medium. 14917c;
fancy. 2592sc.
NAVAL STORES Spirits turpentine quiet
Rosin and tar steady. TURPENTINE. spirits
machine bbls, 4enc; TAR $500; RosIN.
yo"'." on " So a.. 10" ~ ~ 70. ~
Ts0c: /, 1850.
OIIS-Linseed unchanged. Refined petro-
ieum steady. PETROLEUM, standard white
bbls New York and Philadelphia. 5000; bulk
&C. cases 1o.50c: water white. bbls Q. SOC
bulk, &c eases, II soc; LINSEED OIL. Amer
lean seed. city raw. 161T1e; out-of-tovn raw
T5d 7sc: Calcutta raw, she.
COTrONsEED OII~Extremely dull and
prices developed weakness in sympathy with
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
a. decline in cotton and lard as wen as the
Weakness in grain. Local contract prices;
Yester-

RICE-Firm. with good iobbing demand at
full prices Screenings, 3fs as &C; ordinary
AZ a4%c; fair 414a4Ssc; good ordinary. ., q
44Ac; prime 5q5hc; choice, % q 30
head Japan. 4d4&c: Patna, ga 40hci KAN
COON. ~ a5%c; Siam, Ga @6hc
SUGAR-Rehncd dull and unchanged; nIe
graduated, 5d5.1Oc net, less per cent casn
The following prices are net less discount %,
. per cent for cash: crystal domlnos III
cases OF go 2-lb cartons, S1Oc; do in cases
of ~ 5-lb cartons. 1900 Eagle tablets o'5Vc,
cut loaf 5.90c; crushed. 5s0c; mould A. 100,
cubes Eagle 5-lb bags powdered ana hasIe
contectioncrs' graduated 535c; xHNH pow"
dered ) 25c; powdered and coarse po"urre,u
ana Eagle coarse graduated, Doc tiult
powdered and Eagle fine graduated D lOc,
Eagle, lib, lib and bib cartons OF mn
granulated, J.30c; Eagle 2-lb bags 90, ''4VV6'
81 III bags do, 5.3jc; J-lb bags do, 0.juc; ~
Id bags DO, 525c; IS and 30 ID bags DO anu
standard graduated J.15c: fine granuIatc9
and diamond 4. 5.1Oc; confectioners ana
No l. 4pJc; No ., 490c; No 3, +soc; 30
L. 4S0c; No s, arse; 10 g, 4IOc: No . fo2c,
No g. 1900: No o. 4.55c; No 10, f.ooc; 40
II. 4.45c No L. 4i0c; Nos ~, ~ ana 10,
4.35c. Sales Of raw were 1000 bags ioroee
Rico centrifugal, I'm port, at 3.02c' basis po
test, and that Is the quoted basis. with BUYERS
but no sellers at that at the close; muscovado'
so test 342c. and molasses sugar, 50 test
3.17c. London cabled the worlds visible SUP
ply as 2, $50 900 tons. The market Tor neet
sugar was firm and Ia G2hd dearer; May
and June. 12s 1Isd August, lbs o.d.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
r WHITE G. co.'s GOOD YEAR.

The report OF the corporation Oh d, "
white G. Co. for the fiscal year ended Feo-
mary 20. 1912. shows a proft ana loss sur
Mus of $685. after paying the regular .
,o- cent dividend on the preferred STOCK
Thia surplus. which compares with s4sS'52s
Tor the preceding year. Is equivalent 10
about per cent earned on the common
stock The report says that satisfactory
earnings as we'll as increases In dividends
have been shown during the last year ."
number OF the properties in when D. "
White & co. hold securities ano 'hst the
current years earnings will prooap'y e~-
ceed those Of the year just ended
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
REFINERY SNAPPED UP
Havemeyer Quickly in Control of
Montana, Says Agent.

Charles S. Morey. president OF the Great
Western Sugar Company, was examined
Yesterday at the hearing In the govern
ment's suit for the dissolution OF the Amer
lean Sugar Refining Company. He was
asked az to the productiveness of Mon
tana as a beet sugar territory. He said
he had examined refinery started at Bill
,nrs Mont. by citizens OF tho neighbor-
hood and reported fayorably upon 1t to
Henry O. Havemeyer. whose chief West
ern agent he was. Within three months
the Agricultural Investment Company one
of the Hayemeyer creations, had acquired
control of the Billings concern. but the
plant continued running under the Old
name. though the local men had been re-
moved from power.
James II. Knapp. Assistant United States
Attorney. asked:
"The situation to-day is that the Great
Western Sugar Company owns nine plants
I'm Colorado. aud practically all OF the
stock of the company operating at Billings,
Mont and another at SCOTS Blun. Neb.?''
.'That Is correct" said Mr.. Morey.
When asked about the Great Western
Railway Company Mr.. Morey testified that
Il operated about sixty miles of track con-
Meeting the various beet sugar refineries at
I,oyeland. I.ongmont. Windsor and Eatal.
II had connections. he said. with the
Southern Railway and the Union Pacific.
The capital stock was purchased by tho
Great Western Sugar Company about 1908
through an exchange of stock at the rate
Of one OF the sugar company's shares for
two In shs railroad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

II. NJ. Byllesby & Co.. through a syndi-
cate which was formed by them here,
gained control of the Louisville Gas Com
pany and the Louisville Lighting Company
OF Kentucky. With the exception Of the
stock OF the gas company owned by the
city OF Louisville the syndicate has Sc
cured practically all OF the outstanding in
terests.
The companies will continue to be oper-
ated as independent properties. with Cen
eral George r. Harries in charge as presi-
dent, under the direction Of the Byllesby
firm. substantial interest in the COM
panies has been acquired by the Standard
Gas and Electric Company, and earnings
received on this stock will materially in
crease the earnings OF that holding corpora
ton.
The Louisville Gas Company has $4,000
stock outstanding. OF which the city owns
1926 900. Price paid for stock by new own,
ers was $40 share. The company has
500. 900 OF bonds outstanding. 1t has been
paying dividends on the stock OF per cent
a year The company has an annual output
OF 800, 100000 cubic feet Of gas with 20 miles
OF mains. IT serves about 5000 meters
The price received for gas is 81 net thou
sand for illuminating and Is cents net
thousand for fuel gas.
The Louisville Lighting Company does
the entire electric lighting and power bust
ness OF the city. 1t has s2,66670o common
stock outstanding, OF which the gas COM
pany owns 80 per cent There Is an au-
thorlzed issue OF sl,l50,OOO per cent pre-
ferred, of which none is outstanding. Divl-
bends OF per cent are being paid on the
common. Bonds TO the amount of S,l@co
are outstanding. bearing per cent interest
and 81 ,0oO, 900 convertible per cent bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24
CHICAGO GRAIN AND PROVISIONS.

Chicago. May 23.-Wheat prices to-day failed
IN hold an advance Late reports from the
Southwest indicated that no immediate damage
would be done, although rain was needed and
tsmperatures were up 10 90 degrees. The mar
ket here closed weak as1$sc under last night
Corn finished nc down. oats of 10 SIM
lar extent and provisions at decline OF 22hp
45c Range Of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

The Springfield COhio) Railway Company
a subsidiary OF the American Railways
Company, Philadelphia, has. so It Is re-
ported made plans for extensive improve
ments TO its property In order to care for
these expenditures the company will prob
ably issue $4,000 of new bonds.
Previous to tho issue OF the new bonds,
however, the company desires to secure
new franchise from the city. The draft,
which is now being prepared to be pre-
scented 10 tho City Council about June l.
will be for term OF twenty-five years. and
its passage Will probably enable the com
pany to do tho required financing. Gross
earnings OF the company are about 5000"
n year, but these are expected to be large
" increased when the improvements now
planned are completed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

Liverpo cables: Spot easier; sales, s.UUV 6aIes.
speculation and export 500 American, 1000;
imports. 10000 American. $1,000; middling up,
land s12d Futures opened quiet. unchanged
10 \. point lower: closed dull at a net decline
OF 2lla3h points; May and May-June. u isnd'
June-July, q 20d; July-August and Augus,-soep
tober-November 617hd; acknowledgement
q Isd: Denomber-January and January-Feoruary'
sI7hd: April-May, 6.ishd; May-June. 6isd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

A. r. Lathrop. the president Of the Amcri-
can Light and Traction Company has re-
turned from trip TO all cities in which
the plants 81 that corporation are located
with the exception OF San Antonio, Tex.
In speaking OF the business situation in
the cities visited. which include Grand
Rapids and Detroit, Mich; Madison, Wis;
st. Joseph. Mo; 81 Paul, MINI, and NIL
waukoc. be said that. while I'm several OF
them business had been somewhat dull
there now appears to be a general awaken
ing and much better business Is expected IN
an lines. The gas and electric companies.
he said. are feeling this and good Increases
are being shown.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

New Orleans May 23-Cotton futures opened
steady at decline Of 3 TO points on indinet-
ent cables and almost perfect weather map.
The weakness OF July with the new crop months
showing great steadiness at the decline ana
resistance to pressure, the July delivery sagkeu
constantly The generally accepted explanation
was that local spot interests were heavy sellers
OF that position. The decline brought out con-
siderable liquidation OF July long cotton, when
added 10 the weakness The forecast OF fair
weather for the entire belt also helped the short
side and prices went down as the day ADVANCED.
The close was steady az a net decline Of 10 TO II
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

This week. Last week. Last year
Circulation f2S. $50 600 f2s 1872 600 f27 a75 900
Public deposits 20 $4,000 16,T70,OOO 1858. 900
Private deposits 81 $50 900 20 $50 900 40 554 900
Govt securities. H. 10000 14155 600 LLp7l.WO
Other securities 81 u.s. O 30530 900 20 693. 900
Reserve ...... 20 6O2 600 20 10000 % SOC, 900
Proportion Of re-
serve 10 liabi-
ties per cent. 81 30 523l bl16
Bullion mann. SO So. 900 30 500 600 Ssi34, 600
Bank rate, p. c.
The proportion Of reserve to liabilities
shown in the Bank OF England's return
compares as follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-24

The Arkansas Valley Colorado Railway,
Light and Power Company has sold TO
James y. Wright & Co.. Denver, $4,000 /
per cent preferred stock. The stock is part
Of an authorized issue OF 100000. and Is
redcemablc at 40 on sixty days notice.
The company. which IL controlled by the
Standard Gas ana Electric Company ono of
the H. NJ. Byllesby s. Co. properties, Is n
consolidation OF the Pueblo and Suburban
Traction and Lighting Company, the Colo
RADIO Light and Power Company, the La
Junta Electric Company and the Rocky
Ford Electric Company. serving a popula-
ton Of about 1900 in the Arkansas River
Valley. Colorado.
The company has also S.5oo,Ooo common
stock and S. 500 Of per cent bonds out
standing Proceeds of sale OF preferred
stock are TO be used for extensions and ad-
dltions 10 the properties OF the company