OCR Interpretation


The sun. [volume] (New York [N.Y.]) 1833-1916, December 11, 1903, Image 11

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030272/1903-12-11/ed-1/seq-11/

What is OCR?


Thumbnail for 11

b
5
1
t L LI
I
4 hi hir
r 5
5nt
nt ntrk
ntU U
S
rk rkit
it itflU
flU
1 1flU
flU
5of 5 5I I
of ofP
P he hend
nd ndof
of
14
0
51 51Ii
Ii Iiod
od odOn
On OnL
L all alltbs
tbs tbshi
hi hiin
in inave
ave avelee
lee leeof
of ofthe
the theUt
Ut Utme
me meal
al althe
the thethe
the theeli
eli
50 1
In 1In InFee
Fee Feethat
that thatie
ie iet
t 01 01ttr
ttr ttreli
eli elithe
the thelent
lent lentdl
dlwas dl
was wasflte
flte fltepro
pro
00 F
Into Intoto
to toIt
It Itcoil
coil coilwalt
walt waltncr
ncr ncrIf
If Ifthe
the thether
ther therout
out outflee
flee fleethafi
thafi thafito
to tothe
the therid
rid ridand
and andthe
the thentof
ntof ntofed
ed edthe
the thehole
hole holethe
the theaTe
aTe aTedteo
dteo dteotot
dteoI I
tot totby
by bye
e to toby
by byflu
flu flurm
rm rmcleFs
cleFs cleFsci
ci ciearly
early earlyuse
use userio
rio rioearl
earl earlesu
esu esubad
bad badbib
bib biban
an anOwn
Own OwnIcy
Icy IcyI
I OflO OflOntho
ntho nthoother
other othertoroe
foro foroeemi toroeoem
oemr oem eemirtb
rtb rtbce r the theCo
ce of ofirjdof ofi1d
irjdof irjdofurged i1d of ofurged
urged urgedsonal urgedsonal
sonal sonalisltlon sonalettbon
isltlon isltlontuntrr ettbonuntrr
tuntrr tuntrrOom untrrOom
Oom Oomon Oomon
on for foru forU
u tre treasure tresure ¬
asure asureon sure sureon
on no noter noter
ter let letwill letwill
will If ifruins
ruins ruinsmthe
mthe mtheIndeed
Indeed Indeedent
ent of ofruler
ruler rulerzar
zar of ofturned
turned turnedgod
god godId Id
I
f
I 1
l BH BHTtig
I t P Ttig TH SUN SU UL N1kfbA1DECEMBER IRIbAY RJl > V DECEMBER 11 1903 i 1 ii4
SECURITIES SCEJRIT1ESCOMPANYS COMPANYS BRIEF BRIEFTTOnFlOEERAL BRmFtWGS BRIEFU1WGS
TTOnFlOEERAL IRIOCS IRIOCStrnoios tWGS tWGSUOUJS U1WGSiUOLUS
trnoios ITS IT4 LEOALITY LEOALITYptnlM IEOUTDrnlt LEG4LITIpenle
ptnlM the Ih Ch elarle Charge r e That the Company iVu iVuFOrtIlfb M MFnrtnrxl A Afrmf
Fnrtnrxl frmf Solely 0111 for rlr the Pooling Polnl of the theStorks theUrks thetoeks
Storks toeks of the Two ItoBdi Carrying Carr In Out OutConspiracy Outa
a Conspiracy mplrC In Restraint leltrlnt of Trade TradeWASIUNOTOX TradeWUISOTON rradeWAaIIo
WASIUNOTOX WUISOTON WAaIIo rrn Dee 1 The brief of offormer offormAr offotmPr
former AttorneyGeneral AtoreOtnral Origgs Grggf on behalf behalfof hhalf hhalfof
Northern Securities Company in inthe Inte Inthe
th the
of 0 thO orther BecrtC Cmpany
the Milt uit by the Government for tho tlO dIe disiclution dlsIlutlon dIesolutIon
solutIon Ilutlon te of th the ho company was wa wa filed fod In the theSupremo theSuprmo the8uprlI10
Supremo Suprmo Court Cour to day dayMr dayfr dayMr
Mr fr nr IriRKsn I I argument agument Is I mainly to show showthtt iIiowthat howIh1
that tho thl th formation forml Ion of tho Northern Norther Se Securities SecrtP Socuritlee ¬
curities Company and the acquirement acquirementf acuirment acuirmentc
Cf crtP f din stock of the Northern Pacific Paolfo and andCroat andOTt andreqt
Croat c OTt reqt Northern orhor rnilroada rairoad was a lawful lawfultransaction lwful lwfultrRnMrlion lawfulgovercnel
transaction goveroned goerned solely 11fly by local localSixlP localSIaI
SixlP 81111 SIaI laws and that tho actions acton of the th dj djfcndants dqftndans ch chfendante
fcndants ftndans wero all al in good goo faith without withoutmy IthoutUY
my purpocn to dmtroy dMt roy competition comptton or orretrain orItnlin orrestrain
retrain UY Itnlin trade Put moro coarsely confely he heuid le letld lieRid
uid tld Rid tlio contention of the defendants detendantf in inthat 18that lethat
that what they have done is wful ful ha hl has no nodirect nodirt nodrit
direct effect Cf1 tft In restraint rCtrlnt of competition competitionand cor tUon tUonand
and was wa not lot fo 10 intended Intendfd IntendfdTh f fTh P PTha
Th Tha Securities Hlcurltt Company he continues continueswan contnue
wan 1 tho th ho result rl8u1t of a broad brad and enlightened enlighteneddullness nlghtened nlightenedbuelnies
dullness 11 lnfR policy polcr directed dirted toward lowar tho en enkrcernent PI PIIrlrpnl enlrrRPflieflt
krcernent Irlrpnl of trade trde the t he development of a aJIM arlat agreat
JIM great rlat anti rich section pItlon of the country countr and nndlh anr andth
th firm trm establishment rstblshmlnt of a transportation transportationsystem trnportation
system tcm largo larpo enough and strong Itrong enough enoughto enouph enoupht I
to t enter Inllr Into and maintain malntlin Itself Islf in com compnlitlon cm cornpetition I
petition ton for tho trUontnental transcontinental trade tr de no noirell al alwll rnwell
It well wll a ac the IranRnaojfio trnnspMJfo trade Irae with lh tho thof theearrylng i irArrrinp
f rArrrinp earrylng rryinK systems 18ters not only of the JJnlted JJnltedState Jnlfl Jnlfl8alf nltecl nlteclStatfk4
State 8alf but also of Canada and the Euro EuroP Europan i
P pan an States Slatol by way of the Suez Canal CanalThe Cnal CnalTl CanalThe
ran The Tl Government contention ntenton that the thorompany therompan therofllluflY
rompany was formed fonne solely 8Icly for the pooling poolingof poolng poolngof
of the Blocks Itocks of the two rood roas carrying carryingout
out an n unlawful Illawful combination and conspiracy conspiracyIn conlplrcy conlplrcyIn
In restraint retrlnt of trade is declared delre by tho thobrief theritf tholript
brief ritf to bo without proof and in refutation refutationof refutton refuttonof
of tills chargo cbarpo Mr Qrlggs says ey the te compe competition compettol compeIltiori ¬
tition between bltw < n the roads radl never had been beenhostile bn bnhOte beenhotIIe
hostile ttol before rore the socalled ale merger and andthnt andIhnt andthat
that hOte fiinco Ilnce thenthe thou the friendly rrendly rivalry rlalry had hadcontinued hadrOltnuo hadcontinued
continued rOltnuo The To objects objet motives motves and nni pur purpo purp purposee
po posee of the ie partifw partlN were wer entirely entirly different differentfrom dlernt dlerntfrom differentfrom
p from the criminal ones one charged by the thoGovernment theGoernment theGovernment
Government being reasonable ranble Intelligent Intelligentand IntclgentInd
and Ind creditable crolllbl8 to the hearts hfarts and consciences consciencesof cnlenoe
of the participates and in no wise wo injurious injuriousto InjurouB InjurouBto
to the prtlclp8uts public pullc They did not change chng in any anypractical alY alY11rctci any1U1CdCi
practical 11rctci way the situation so 8 far as com competition oompetition cornpetItion ¬
petition between hetwfen the two companion cmpanlO was wasronperripd WIB WIBronrl wasoneerned
and did not the thelegal thelegal
ronperripd anr they change tle tleIpgal
legal ronrl status statW of one company toward towar the theother theotltr theother
other otltr nor lor in any wise wi compny Interfere Interter with wih the theinternal theInterl theInternal
internal Interl organization rights rlght privileges prvlegl or orduties orrutee ordutIes
duties rutee of either eiher company cmpany Neither of the therailroad therairad therailroad
railroad rairad companies corpanl he declares delar partici participated prtcl prtclpatt participated ¬
pated patt in any way ay in the formation toratlon of tho thocorporation theSfUritC thoSeuritiee
SfUritC Seuritiee Compny Company and neither had any anymore
more relaton relatIon to the mter matter than had 1 a acorporation
corporation rorpratlon to the dally daly purchases and andKales andNIM andalas
Kales NIM of its outstanding stock stk in the public publicmarket publc publicmariCet I
market marketMr mariCetMr
Mr Ir Griggs argues that tt the decision deulon of the theCircuit theCrut theCircuit I
Circuit Crut Court went far beyond byond the power powerheld pwer pwerhld powerheld
held in decisions deiions of the te Supremo Suprme Court to tobelong tobflong tobelong
belong bflong to Congress Congr There Tere was wa a no doubt doubtnf
nf its Is power to regulate reglte commerce commere but butcould butould butrould I
could it I pwer he asked Wked regulate rogulte the ownership ownershipof Omerhlp Omerhlpof
of the instrumentalities InatrmentaltlC of commerce commercetotild cmmere cmmereCould commerceould
Could ould it forbid one person from purchasing purchasingfind purhalng I
find using what might pln lawfully lwtuly be owned ownedami owne ownedand
and nd used lsd by another anothlr and proscribe proarlbe one oneperson onepereon I
person or company from frm owning but one onoroad oneroad oneroad
road pln or one compny line lne of vessels vel operating oprting ownng between betweenthe bten betweenthe I
the same se points plnt No law denied dero the te right rightof
of one person to buy and hold stock tok in two twocorporations twocorporattona
corporations orrUon plon engaged en ag in business buslnc naturally naturallycompetitive naturaly naturalylmpUtve naturallycompeUtive I
competitive Neither Neiher did the te right and andtitle andIite andtitle
lmpUtve
title Iite to t purchasable prohble property proprty depend depnd upon uponthe upn upnI uponthe
the I ne amount of it one had or upon the effect effectthat elet eletthat efleetthat
upn
that his possession pssslon of it might have upon uponcommerce upn upncmmr uponcommerce
commerce or business businessThe buslne businessThe
cmmr The Th Securities Suiis Company Compy the th brief brr states stateswas lttes lttesWi tateawith
was a mereinvwtment Dr rnerolnvetnientoompsny V tmentcmpnTJ company with ltblo no noVOT nojOt
jOt Wi to engage in I transportation It Itowned Itowned ItOWed
1 owned no road rod and operated oprtei trnJrtaton none The TheNorthern Te Teorbm Theorthem
Northern orbm Pacific Pacic and Great Gr Northern had hadnot hadnot hadriot
not contracted cntraoted or combined cmbied to restrain restraintrade restrainlrd restraintrade
trade lrd and had hd taken tken part in nothing that thathad tht ththad thathad
had been bn done by the th pr Securities ScuritIes Company Compn Compnone
None one of them therefore thertor was WR wa amenable amenble to toth tothe tothe
the th Sherman Shermn law lw To hold otherwise otherwisewould otherwisewoud otherwisewould
would woud be b to say sy that tht every purchase purohu of a avowel 1 aveel
vowel ell by one transatlantic trntlnto steamship com company cm cmpany conipany ¬
pany from another anothr was wa illegal iegal because bcW it itremoved Itremoved itremoved
removed that tht ship Ihlp from trm competitive compth trade tradeIt tre treI
It I would render rnder illegal Iegal every sale sle of cars car or orlocomotives orloomotves orlocomotive
locomotives loomotves by one railroad rairoad to another anotherIt
It would woud Invalidate InvaUdt by every lease consolida consolidation ctoUd ¬
lion ton or merger mrger of competing cmptig railroads rlroads or orMeamship ortearhlp orsteamshIp
steamshIp tearhlp lines lns that tht had bd been bn made do in tho tholast thoIt thelast
last It thirteen thiren years yerB and ad would require requir the thuduty thethe theAttorneyGeneral
AttorneyGeneral In the dschrge discharge ot his hisdUly hisduty
duty to t bring brng suit lult against agist them for disso dissolution dlo dloluton clissoliition ¬
lution luton and injunction Injuncton Unnumbered Unumbrd mill millinns mi millform
inns lonl of dollars dolds of capital cpitl stock and ad bonds bondsissued bnds bndsIKued bondsIeued
issued IKued by railroad rirad mergers merger and consolida consolidations cnslda cnsldatons oousolidations ¬
tions tons would be b tainted with illegality legltr or ornffected 01decl orsifectod
nffected decl In value by the withdrawal withdrwal of 0 tho thoproperty thoprprY timproperty
property against agalnft which they were er issued issuedand l issuedand ud udBnd
and prprY purchases purobB of ofltook steaks in I underlying underlyng roads roadslong roadslong roadsIons
long ago made and paid for would be un unMttled unIltlfdlsullng Uniettied
Iltlfdlsullng Mttled resulting in financial fncial chaos chaosACREAGE chaos4CRFGE chaosACRF40E
ACREAGE 4CRFGE OF WITER JIVTER WHEAT WHEATDecrtaie WHEATDee WHFATDecrease
Decrease Dee ale of a t Per PtJ Cent Compared Comprd With With1OO3 Wth Wth10oodUon With1002ConcilUon
1OO3 10oodUon 1002ConcilUon Condition on Dee Dc 1 185 185W48lIRTN 8OB 8OBWASHINGTON 805WAsirirearoN
WASHINGTON W48lIRTN Dec D 10 10Returs 10Returns Returns to the thoChief theChief theChief
Chief of the te Bureau Bureu of Statistics SttltlO of the theDepartment thl theDepartment
Department Depet of Agriculture rcult indicate Indicte that thattho thatUII thatthe
the UII newly nwly seeded seee area ae of winter wlotr wheat is isabout 1 isabout
decrease of six sixl sixiler
about abut 1000000 300 acres aor a derBe
l iler > > er r cent ot from the te area ae estimated etiate to t have havebeen haoIin havebeen
been Iin sown lown in the fall tal of 1002 100 The condi condition condition condition ¬
tion of winter wtr wheat on Dec Do 1 was 805 805H 86 86copr 805KS
KS H compared with wth 997 97 in I 1003 112 887 in loot lootsnd tOl tOlRnd 1001and
and copr a nine year average lrage of OJ7 127 The newly newlyreeded newlyoe newlyceeded
reeded oe ne area Bra of winter wintr rye re to i provisionally provisionallyratlmated provllonaly provllonalyItmat provisionallyretimated
ratlmated Itmat at 98 1 per cent cnt of the area are sown sownIn lown lownI sownin
In I n the fall of 1902 1902The 19 1902The pr
tal
The condition cndton of winter rye re on Deo 1 1was 1was
was 11278 927 as compared with 981 01 on Dec De 1 IlQ2
opae
1902 lQ2 899 II on Doc Do 1 11911 isoi and 968 IIU the mean meanof meanof meanof
of the te average avr for the last at nine nie years yearsThe yearsThe ef
The final fna estimates etat of the th total ttl acreage acreageproduction acrage acrageIroucton acreageiroduotton
and value of the
production Iroucton ad te principal crops cropsof cropsof
of In 1803 the 19 afternoon afternoonJ aftron aftronJ will wi be b issued iue on Dec De 28 at 4 oclock oclockIn ocock ocockIn crop
J G Brown Brow rown statistician slatlt0lan of the New York YorkProduce Y YorkProduce rk rkPodue
Produce Podue Exchange Eohane estimated etmat the te Indicated Indicatedwinter Inict indicatedWinter
winter wintr wheat het crop cop for 1904 11 on the basis b81 of ofit
it condition ondlton of 806 88 per pe cent cnt an area of ofi2OiXt000
12000000 8200 acres ace and an average aveage yield Ifld of
154 bushels per acre ace in the last five years yearsft yearsal
al as ft 482600000 49280 bushels bushfIR This Indication Indicton was waslooked wasIokf wasLooled
looked Iokf upon upn In Wall Wal Street Stret as a low lowtt lowM
tt R T STOCK ROOM ROOMMien noonhr BOOMMeri
hr Mien StorIes Htorlt Still Stl Told to Acconnt for forthe forthe forthe
the Rl Rile RilenfV RiseA e eA
A new nfV high price prlo for the shares Ihars of the thoBrooklyn theBrookly theflrooklyn
Brooklyn Brookly Rapid Rpid Transit Trardt Company Cmpan SS 53louched 53i 53iwas i ia
was a touched on the Now York Stock Ex Exhange Exhanpe Exhange
hange hanpe yesterday relteroy but tho trading In the thertock th thtok thq thqstock
stock tok was wa not so 10 sensational Insatonll as a on Wednes Wednesday Wedneya Wedneeday ¬
day a and in the closing clOlng dealings dealng the price pricer pr pricereceded
r f receded c ded to MM Sy ending Olng the day da at 51 Among Amongthe Amongthp Amongthe
the reports of the day were wereThnt wer wereThat
That TIH rpr B R IL T is to obtain obtan the privilege privilegeof privieg
of t connecting connectng the Williamnburg WllamAburg Bridge Brdg and andhe ald aldIhe andthe
the he Brooklyn Brky Bridge Brdg by an elevated Iented rail railroad rai railtoed ¬
road 10d loop lop
That Tht close clo relations rlaton with Ith the Inter Interborough Interborough Interborough
borough company cmpany lessee of tho Manhattan Manhattanelevated Manhata ManhattanPlvated
plvated are ar impending
Impnding
That in view viw of this thi alliance llanc Metro Metropolitan Mftro Mftro101tnn MetroPoiltan ¬
politan 101tnn interest Interstt have hl l hetn been > een buying B B R T Ttook TItok Tstock
took Itok to protect themselves themselvesThat thenles
That the Pennsylvania PtDtylanla Railroad Rlroa people peoplevero popll popllfer peopleem
< vero fer em buying buyng B R T stock Itok with wlh the thl idea ideaof Idfa Idfao IdeaOttldng
of o
Ottldng taking tllng over the property
I think that an propry agreement agremnt will wi shortly fhorl fhorlt
be t reached relbd for the transportation tratpratlon of people peopleAcross pople popleLcr peopleIcros
Across the Willlamftburg Wilafburj Bridge Brge Mayor MayorLOW Maorald
LOW Lcr Islw said ald yesterday yesterdaynilnnli ysteray ysterayOlnoll yesterdayIllinoli
nilnnli Olnoll Steel ftId Works Orl to Clone CloneCHICAGO ClolCRICAOO CloseCRICAOO
CRICAOO Dec Dl 10 10A A report rfprt was wa Incircu Incircuatlon In incircuifliflfl clrcu clrcutloclh
atlon tloclh In Laaalle LUe street Ilrlt this afternoon arfmoon to the thoeffect thetl thePfTct
effect tl that the works orll of the I he Illinois Steel Steelrompany 8t1om Steelompany
rompany om ompany r at South SuthClco Chicago and Joliet Jolt would wouldreport wouldI
I te cll eioee indefntelv indefinitely early next wtk week Te Tet The Thetport
report t pr spread lpr rapidly rapidy through thrugh the street streetNon strt
lon hone Non of the th general Ienerl officers omcr of the company companyuld
cmpny cmpnyud
otdd uld ud be found to give a statement statementJ ltte ent
J
GOSSIP OF WALl 1 AM STREET STREETBroker STREETBrokers STREETflrokcre
Broker who had hnr exchanged exchanlod Information Informationon
on the subject Hulct declared declafl last Ilst nluht that the theborrowing thoIorrowll theborrowlng
borrowing Iorrowll of Steel eelproflrnd preferred wns InB iiB on a a sonic scnleertutcr scaloenater sonicgreater
greater than anything 11thlng of the kind that they thf
had over QItr seen lecn In a slnslo Ilnllo stock The dl < le leninnd ICIuand
ninnd Iland for It In tho loun 1011 department dtlnrtrent wn IRI was laruo laruoenough Ilnle IlnleenoUKh liroenough
enough to excite excitl fommnnt hut In addition additionto addiion addiionto
to that thlt various Inlols house hOlsel were ltro reported roported to be benecking h hReeklnl heseeking
necking Reeklnl It privately NIalt In block of SOOO 0 7000 7000and 70 7000and
and oven 10000 100 10000shares shares One Ont Western house housewhoso Lousewhose ou t
whose operation opernlonl in Steel ttlel preferred preCerre In II the thepast thelast thePast
past have attracted n good lood deal rpnl of allen attention allention ¬
tion lon was wa nl said yesterday flterday to be borrowing borrowingthe lorolhll lorolhllthe
the Block Rlok In blocks blockl of from looo 10 to Mooo Moooshares 260 25000haree I IIt I Ihnts
shares hnts wherever It It could cOlld be found fOlnd taking takingIt taklnl taklnIt
It on the lenders llnderl terms rind ald desiring dlirlnl evi evidently evldent ¬ I Idently
dently dent to have hl the transactions tranlcton attract atract n nlittle RI as aslittle
little 1111 attention atenton an possible Another West Western Westcr11 ¬
ern erl house borrowed horroe 10000 100 shares In II one oneblock Oln Olnblock one1100k
block yesterday nsterdl nt 4 percent per cent which wa waa waeoncCllon was wasa
a concession eoncCllon of I per cent celt from frol tho prevail prevailing proval prevailInc ¬
Inc III money rate rlte These Theo two concerns concrnl are areunderstood lre lreunderstood areunderstood
understood to have been iiuletly Ilulety canvass canvassing cnnval canvassIng ¬
ing Ilr the Street for stock One of them thel has hasalso hIlSalRo busalso
also been a 1 large larle borrower of Pennsylvania PennsylvaniaOperations Iennrlana IennrlanaOperatol IennsylvanlaOperations
Operations Operatol of any nn character on HO lO large largea Inrle
a 1 scale naturally nRtural glvo rise rlat to muoh con conjecture conJecture coiljecture ¬
jecture Various speculative epeculRtvo explanations explnnatons of oftho oftho ofthe
tho transactions Iranactons In question lulton were Wfre offered offeredyesterday orcrtd orcrtdstfrdl offeredyesterday
yesterday stfrdl but they thlY settled cted nothing nothlnl nnd nndnerved nndIlrve endserved
nerved Ilrve only onl to Inflame Inlame curiosity cUrI05 It I Is I sup supposed supposed supposed ¬
posed of course courle that the short hort Interest Interestin IntrHt IntrHtIn
in the stock Is abnormally abnormaly large larle but even evenHO evenso
HO 10 obvious a conclusion a 1 irs that leaves lenvC a atreat agfeat agreat
treat deal to the tht Imagination Imllinaton especially especiallyn eplcoly eplcolyn
n n as tho stock declined deeln1 yesterday elterda In the face faceof faceof faceof
of that short Interest Interfst to t say lay nothing nothlnl of the thefact thefaot thefact
fact faot that Its 111 recent advance advane to 59 61 was wnl man managed mnnaKed managed ¬
aged at tho expense expcn of an overextended overextendedshort overextende overextendedshort
short Ihort account OCOllt II largo proportion proprton of which whichmust whichrUlt whichmust
must rUlt surely surel hnvo been eliminated eliminatedThe Ilmlnated IlmlnatedThe eliminatedThe
The general ltnpral demand dtmand for or stocks stolks In the thl loan loandepartment loandepartmtnt loandepartment
department yesterday afternoon nrrnoon was en said Id to tobo tobe
bo 10 normal except for Steel IHel preferred preflrl and andPennsylvania andlennllvnna andPennsylvanIa
Pennsylvania lennllvnna Both oth stocks loaned loane how however ho howCO
ever 111 CO up U to the money rate the concessions concessionsnoted conclR concesslonenoted n nnoted
noted for or Steel preferred being bllnl reported reporte 6nly 6nlyon 6nlyon nly nlyon
on private Irlat transactions tranlactons There Thtro was a fairly fairlyactlvn falrl falrlnetlvl fairlynctivn
actlvn netlvl Inquiry for such stocks an Missouri MissouriPacific JIR8Ur dlseouriPacific
Pacific Iaclnc Union Pacific New NtI York Central CentralBrooklyn CentralDrookln Centralflrooklyn
Brooklyn Rapid Transit and Manhattan Mnnhnlan but butthe butthe butthe
the demand on the thl whole hoI8 failed fall to reflect rppcl any anygreat an anIeat anygreat
great Ieat Increase of the general Ifnlral short interest interestBrokers IntertRtIrokfr interestItrokers
Brokers Irokfr Inferred Infprre from this that the selling sellingIn I11n se1lin se1linIn I IIn
In Wednesdays Wldnlfa8 session 81110n and again alaln yesterday yesterdaywas y terday terdayw
was w largely for long lonl account accunt The Th reaction reactionyesterday rtacton rtactoneplerday reactionyesterday
yesterday afternoon nflrnoon was W B thought to be due dualegs dU9II dueless
legs Ing II Inl to bearish blulBh aggressions nllpAlons than to real sell sellIng sel selling
A 0 4 bid bidof of I2JO 12M 20 for Equitable Equiable Ilfe Tifretock stock tocl yester yesterday yesterday llr llrda ¬
day da brought out an n offer orer to fell JII eli at 13500 13500The 150 35O0 35O0The
The bid of course courle was WIR weepromptly promptly prompty withdrawn withdrawnTho wlhdrnwn wlhdrnwnTho withdrawnThe
Tho abrupt change chRnlo of speculative APfculatve senti sentiment Ilntl epntlnient ¬
ment throughout throulhout Wall Wal Street yesterday yesterdaycaused Yltlrn YltlrncaulN yesterdiiycaiisid
caused caulN surprise surprl e even Iven to those thols who did not notbelieve notbelieve
believe beleve In the market and had been bfen insisting insistingthat InRlstnl insistingthat
that a reaction rplcton was In order Several Sevfrnl promi prominent prominent prornlnent ¬
nent houses that that had been befn bulling bulng the thl market marketfor marketfor marketfor
for three or four weeks turned turne on It I yester yesterday yesterday rltlr ¬
day urged Irle their clients clenU to get out of stocks stocksand stocksand locksInd
and Ind began belan to talk of lower prices price to follow followcertain folow folowrrtln followcerthin
certain rrtln unfavorable unravorabledevllopmente developments the nature natureof natureof natureof
of which was wal as not not disclosed It was sup supposed IUp IUppORfd supposed ¬
posed pORfd that thlt house hOUIM of the standing standlnl enjoyed enjoye by bythose b bthcso bythose
those thcso referred reerrtd to t would not turn tur so suddenly suddenlyfrom suddenlyfrom suddenlyfrom
from their thllr bullish bulsh views without wihout reasons reasonswhich rtAons rtAonshlch reasonswhich
which hlch to them seemed Ieemo sufficient urcllnt The devel developments dtvelopmfnts ¬ I Iopmenta
opments opmfnts tliey tll tlieyhlnted hinted at were discussed dilcu8ed only onl In Inthe inthe I
the meat guarded Iuardt manner An air of mystery mysterywas mTsterIU
was IU peculiar peculnr to the day dayThe dB dayThe I IThe
The selling selnI of Steel St pferre preferred corresponded correspondedIn
In all al essential el ental respects reptcts to that thlt under undr which whichthe whlh whlhIhe
the stock had Its It I last lat previous prwols bad brak brakWestern brakWestrn ttakWestern
Western Westrn houses bOU IR especially esplclll those tho e having havingrittftbiiru ha havIngPittshuirg lne lneIitlblrl
rittftbiiru Iitlblrl affiliations amlRtonl figured filred In It promi prominently pronuinentiy ¬ I Infnl
nently nfnl London houses bOUAfs also were cr sellers selerl of oftho oftho ofthe
tho stock on a I considerable conllderabl scale It I had Ibo thounusual IboUIUIIII theunusual
unusual UIUIIII volume of more than IOooo shares sharesTraders sharel shareTraders
Traders Trnllr sold It ItheaIl heavily Talbot Tiibot J T Taylor TaylorA TIlor TIlorCo
A Co appeared to hays the tb8 supporting order orderThey ordersThey
They The took a great deal of stock SUPlortnlordefl on the thl decline declineand derlnt derlntald deolineand
and ald at IS 6 ware wfr reported to be b bidding biddlnl for any anypart anypart I
part of 5000 500 shares sbarl A 0 determined detlrmlned resistance resistanceto reistance I
to the selling slci was wn made at that thlt price but butthe butthe butthe
the pressure p llur could not not be withstood wlbstoO and andthe andtheatock andthe
the theatock stock went 1 point point lower to 54 14 from rota which whichIt
It rallied rale only peroent pront closing clolnl at a net netloss netloss
loss 101 of 2J H f point polnt Its Itl maximum decline decln was wasS 1
1 points In the afternoon afernoon trading tradlnl Jacob JacobField JacobFle1 JacobField
Field offered olered the stock utockdown down Indugtrloiuly IndugtrloiulyCarlisle IndultrlolJly IndultrlolJlyCarllie industriotiMyCarlisle
Carlisle Carllie the specialist apeclalst Currie Bros and andOllphont an1Olphlt andOliphant
Ollphont Olphlt were prominent as buyers of Bugar Bugaron Ruraral
on al the the advance advanc to 128 In the tbe course cOlre of lbs thnreaction tb tbreaclon lbsreaction
reaction reaclon the stock lost 101t s RI of o o Its gain and andclosed andclmed andclosed
closed at a fractional Craclonalnet net decline declineIt declne declneIe
It was M evident at the opening openlnl of the tli market marketthat markft markftthat marketthat
that professional sentiment sentment strongly Itronlly favored favoreda
a I further reaction reacton The room crowd WAs wssvery WAsvent weevery
very generally leneraly arrayed on the selling lnl side sideInitial sideInitial
Initial Iniial quotations quotatons were ere under Wednesdays Wednesdaysclosing WdMldays WdMldayscloslnl Wednesdaysclosing
closing closlnl prices prloes and In the first nrt half hour It Itwas Itwas
was 1 considered that thnt the market took stock stockvery stockvery I
very badly The renewal renewa of aggressive aggresilrebuying nureulv aggressivebuying
buying In the tbe franchise stocks however howevertemporarily bOWOerI bOWOerIUmprarly howevertemporarily
temporarily sustained the market and It was wasnot wa wasriot
Umprarly
not until untl after midsession mldselon that the selling sellingof lellne I Iof
of Steel preferred preferr began hOlan to tell tel heavily helly upon uponIt I
It American stocks In London were ere below belowparity belowparity belowparity
parity for the first IrBt time tme In several days and andthe andthe andthe
the London Londol houses bouls sold rather rathlr heavily heavl during duringthe durlnl durIngthe
the day Their sales on balance balanc were wtre esti estimated eRt cclimated ¬
mated at from rota 30000 300 to 40000 400 shares shart Their Theirbuying Theirbulnl Theirbuying
buying bulnl was confined largely larlely to Erie and andSouthern ald aldSouthcrn aridSouthern
Southern Pacific 1aclno Although Alhoulh Erie Jrlo was wasbelow ns nsblow t tbelow
below blow parity Isrlt In London th the arbitrage arblrl18 houses housesbought hOllel houebought
bought bOlllht It here In the tlieeariy early trading tradingIt tradlnrI
It I is an established establshed superstition 8ulttlon among amongtraders amonKklderl amongtraders
traders klderl that a demonstration demonstraton in Leather LeatherInvariably Iclher IclherInvrlabl Leatherinvariably
Invariably Invrlabl marks the culmination culminaton of an up upward upward upward ¬
ward movement movment In the general market In Inthe Inthe Inthe
the beginning of course It wan Wa merely me ly a acoincidence acoincidenc acoincidence
coincidence coincidenc that Leather Lelther always aluys came In at atthe atthe attue
the tall tal end of a rise but but It happened so often oftenthat oten otenthat oftenthat
that traders became superstitious suprlttous and that thatbeing thatbtlnl thatbeing
being btlnl the case selling Ilnl on superstition lupersltlon when whenever whtnenr whenever ¬
ever Leather went up produced produce a certain certaineffect certainect Certaineffect
effect ect The thing grew Irew and grew until unti an anadvance anadlnllo anadvnoe
advance adlnllo In Leather became hlCllilo n recognlml recognlmlsignal reCOll11d reCOll11dsignal ricogriizetisignal
signal for selling 8lnl the market Jinrkpt and 111 now 10W for forthree forthre forlitres
three years elrH the sign has not failed falld It I Is 11 no noexaggeration noeXlglprllon noexutggeruition
exaggeration eXlglprllon to say that hundreds hundrdl of traders traderswho traderswho
who were wtre long of stocks and mixed on the themarket themRrket themarket
market sold out olt yesterday 1lerdIY when Leather Leathercommon IeathercOlmon leathercoirinton
common cOlmon went wlnt to S Their helr selling 1IIInl of course courseproduced DOlr DOlrprodued courseproduced
produced the effect erlct that was wa necessary neeuar to tokeep 10keep tokeep
keep the superstition sllrltlo alive aliveBrokers alivelirokera I e eBrokers
Brokers thought thoulbt the selling Hellne of Pennsylvania Pennsylvaniayesterday Pennsylvaniayesterday tnnslvnnlnyestordlY
yesterday yestordlY was 1ns rather good Iood It I looked looke they theysaid theysid theysaid
said sid as It tho sellers aollr were wereanxioue anxious to get ret off offstock ol offstock
stock Btok rather than to depress deprt the price In Intho Intho Inthe
tho second stcond hour the stock jumped Jumpe suddenly suddenlyfrom suddely suddelyfrom suddenlyfrom
from U8JJ ls 1i8 to 118ft 18H bid and none offered otered under
110 11 The next solo was wa at ll 18X iis M and the thestock theItock thestock
stock Itock declined dlclnf steadily Rttadl from that price prce to toll to1f toj1r
ll 1f j1r T4 It I closed at 117 11 showing Ihowlnl a net loss of ofI
1 per cent ent The market presented pre enltd many manysiich manyRlch manysuch
siich Rlch such contradictions contrldlctons a I as this thisOn tfl tflOn thisOn
On the the forenoon recessions the commission commissionhouses commluonhOlse commtealonhouses
houses hOlse were lro said lald to be taking taklnl stocks show showing showIng showIng ¬
ing tho disposition dispositon of clients cltntl to buy bu on any anyreaction anyroaoton anyreaction
reaction roaoton The further declines dlolnos in tho later latertrading latertradlnl latertrading
trading tradlnl however brought broulh out a 1 good tood deal dealof dealof dealof
of commission house selling oiing Brokers Droker have havehad havehad havehad
had occasion lately late to observe that that clients clientswill clect clientswill
will wi not not stand long lonl upon losses 10s oH They trade tradeto tradeto tradeto
to begin beiin with wlh in only about onetenth as asmany Mman asmany
many man stocks as 11 they the used IHe to swing B winl In the thebull thebul thebull
bull bul market and a loss of l or 2 per cent centfrightens lOOtfrllhtens centfrightens
frightens frllhtens them out The Western Wlteru houses houseshave hOlles hOlleshave houseshave
have been rather active aclve In the market on the theadvance th8advance theadvance
advance buKhey have been trading tradln on both bothsides bothsides bothsides
sides taking taklnl small smal profits profta going loln short hort cover covering COTerInilullkl covering ¬
ing Inilullkl quickly and ald going IOlnl long lonl again alaln or as the thsprofessional theproflsslonal theprofessional
professional proflsslonal term Is itrading trading In and out outIt outl outIt
It l Is said alid that the old Well Wf1 bear bar faction factionlas faclon faclonhM actionbaa
hM las been en selling slna the market heavily for two twolays twodns twodas
lays Its Is object obJtt has hal been apparently aplrnty to totct foKli toget
get Kli off 0 stocks stockl There Thlr was ns no attempt allmpt to toreak 10hrflk tobreak
hrflk break > reak prices prlclH until unt yesterday Clrny afternoon tftlrnon and endhe andIhe andthe
the he declines dt lnts then were wer the result of preclp preclptoiiB prEclp prEclpUOUI preciplIons
<
UOUI lIons toiiB selling Beiin I of long lonl stock rather than thln to totear tobenr tobearpressure
benr bearpressure tear pressure prfsure according accorlnl to the best observa observalon oherv ohervtlon observalion
lion lon of brokers brokerst broker
1 turned bull bul on the market a month monthno monthalo monthsgO
no alo said lald a very 1 successful succPllfl1 Stock Kxohange Kxohangersder Ixohanle IxohanleIrldfr Exohangetrader
trader Irldfr yesterday t terdl because you 01 could cOlld go golovn godown godown
down to the thf bottom botom of ofyouir your yolr strong afronl box get gethe Iet Iettht getthe
tht the he most 10et worthless Vorthlt81 things you had there thereind thereand thereand
and lend lnd them easily euly at the money rate rateI rat
I I concluded cnclude from that that that there thtr was a too toonuch 100much toomuch
much company Cmpa for me on the bisr l lr side sideturned Ilde IldeI lde ldeI
I turned bear boa itate alD on Of Monday because becauseitocka boaUe boaUeItocka becausestocke
itocka Itocka were plentiful plentfl because boauae I saw s them themmlllne thembulnF thembulhin
mlllne specialties and Icd beo boauMlt because u If you YO wanted wantedt w
fO bulnF el selFstocks ltcks apoaltN rou ou had d to oler offer thel them ahv ahvat alwas alwasat
at t concession conoSlol
I
<
LONG ISLAND RAILROAD YEAR YEARKllllas YAHI YAHIJUIGS YEAHEIIiXIXGS
Kllllas lS3113fi4 UREATKR RV RVEXPKXSES RUT RUTLXPEVSES
JUIGS 1134 GIU4TER RlT RlTJnJUS
EXPKXSES JnJUS HIGHER IIIER STILL STILL1allliiK STnlIalll STILLIaIltng
1allliiK Ialll Off 0 of 1UMUI2 1112 1 111132 In Net Set Front FrontThree Pon PonIre ProfitsThree
Three Ire Small Roads Taken In am amIroupccti and andlroApttl antiIrospccts
Smal
Iroupccti lroApttl for or Local TrftlUo Tamc Slue SlueHrlBhter Much MuchIIrighterProress luth luthIrlshtePolre8
IrlshtePolre8 IIrighterProress HrlBhter Proereni In ImprovementThe ImpronPlntl ImpronPlntlThe Improvement mprovenientsThe
The report reprt of the Long Island Railroad Rallroawas Rlrod RlrodWW
was WW made public puhlo yesterday It was wa de delayed delayed delayed ¬
layed by the the completion cmpleton of the tht plans plBnl for th thnew the
new 84600 45000000 4 per pr cent refunding rofundlnimortgage rtundlng rtundlngbnds refundingrilortgage
mortgage bonds bnds 11000 10000000 of which wer wernold weroicold cro croMid
Mid recently rnlly to Kuhn Loeb Lb k < t Co to secure securfunds BIUre BIUretund securefunds
funds tund for Improvement and betterment bettermentin httprment1 httprment1in
in connection cnneton with wit the Pennsylvania PenMlvanl Rail Railroad Ri Railroad
road rod tunnel tunnelllprovemenl tunnelllprovemenlr ImprovementGross Improvement ittiirovementiiroes
Gross r 1 earrfings for the year increased increasedE573s4
errng1
557334 8574 hut operating opratng expenses expnses Increases IncrC
1 076117 It7 so that there thera was wa a 1 falling off 01 ol ot
11002 110032 in net earnings The Income ao aocount aocunt aocount
count cunt in detiil will wi be found in another anothoicolumn anotarcolumn anothercolumn
column columnTho columnhe columnThe
The he exceptionally excptonRly high operating operatng ex expenses expelfa cxpenses
penses pelfa are explained explane as 8 being due to thi thiextraordinary the theextrordlnarYCt theextraordinary
extraordinary extrordlnarYCt cost of fuel and other otfr supplies suppliesthe suppl
the increase Incrc4 in wagon wagC rentil charges ohargf fo foforeign for fortorelgn forforeignears
foreign foreignears cars CI under the new per pordiern diem charge churgiand chargennd chargeand
and outlay outay for additional addItonal express exprt facilities facilitiesTho talltC facilitiesThe
Tho increased IncrEnB cost Cot of fuel for locomotive locomotivealono locomotivesalone
alono amounted amounte to 112140 112140Expndlturfs 125840 125840Expenditures 125640Expenditures
Expenditures Expndlturfs for general Improvement improvement1amounted Improvementnounto improvementsamounted
amounted nounto to 81010 1060103 of which 1254 25540 25540waHwharged 255402was
waHwharged was barged to capital account acount 22146against 22146 221461against 21461agallt
agallt against harge the Income for the year and th thbalance the thebalanco thebalance <
balance taken care of by the extraordinary extraordinaryexpenditure extraordinaryexpenditure
expenditure tlen fund of 123 5H3230 set aside from frorrincoino rromInmo fromlucerne
expnditre lucerne Inmo During the year three threl roads ro the thfGreat therEat theGreat
Great rEat Neck Nek and Port Washington WOhllgton year the Mon Montauk Montuk Montauk >
tauk tuk Extension Etension and ad tho New NewYorI York Bay BJ Ex Extension ExtonAl Extension >
tension tonAl on were wer merged In the Long Lng Island Islancj IalandHalload IslandRailroad
j Railroad Halload the funded rundf mcrgf debt of the company companvshowing compny compnyIhowlng companyshowing
showing Ihowlng an increase Incrl4 of 800000 00 by such suchmerger luch luchmerger suchmerger
merger and the th consequent eolquelt assumption Isupton of oftho otthe ofthe
the 600000 O Montauk Extension and 200000 200000i 200000New
i New Ntw York Bay By Extension 5 per cent cnt bonds bondsThe bond bondsThe
The Atlantic Atantc avenue improvement Improveent Jr tho thoreport thereprt thoreport
report state ItW has ha made favorable tavorble progress progressFor progrf progressFor
reprt mae
For this purpose there was WR expended expnde and andcharged andcharge andcharged
charged charge purps to t capital pltl account acount up to June 30 3
101185 961186 Twentyfour crossings cr0lngA were re removed r removed ¬
moved movo making maing a total of fiftyfour ffytour grade gradecrossings gradecr0lnR gradecrossings
crossings cr0lnR eliminated elminat during durn the year yearPresident yearPIqldent yearPresldent
President PIqldent W H Baldwin Bldw1 Jr In con concluding cn cncuding concluding ¬
cluding cuding his hi report reprt says saysAlllwllcatlonspointtonconstantlncreesp 8Yf saysAll
Alllwllcatlonspointtonconstantlncreesp Al All Indications Illnt Point 10 a constant IncrnRP increase In Intracking Inlocl inlocal
local traffic Th This I will necessitate the double doubletracklnl doubletrackingofportioneofyour
tracking tracklnl trackingofportioneofyour of portions wi of oOour your nlll8lat4 line lnt and the fern ftirnIshlng furn1lna fernietilng
Ishlng 1lna of lurtrely ofarlly portons Increased Increled facilities ffcllts In addi addition addllon addition ¬
tion lon to thin Ibll the recent reant legislation ItgI818101 providing providingfor
for the removal removl of grade crossings crolalnr on that thatexpenditures Ihalporlon thatflortion
porlon flortion ofJour of your 11 line btween between la Hay Rldle Ridge and nndFrlsh andreeh
Frlsh reeh Ion Pond Junction wi will neclulltlle necessitate hea heaexpnditurs heavy heavyexpenditures
expnditurs expenditures of which onehalf must bo pro provided provlde provicied ¬
vided by b or through your YOlr company The Thecompletion Thecomplelon Thecomnpletton
completion vlde complelon of the tht tunnel line lne of the te Penn PennHylvanlu Plln Pllnylvnnla Pennsylvania
Hylvanlu Railroad between b1tln New Jersey t New NewYork swYork NewYork
York and lBlrOr Ix lnl bong > ng Island IflRnn will wi also alB throw a largo largoadditional larpadditonal largeadditlonsi
additional additonal volume olulo of trafllo upon your our eye system 81 eyetern ¬
tem In order that these Ihe improvements improvementsmay hlPrOfmtnl hlPrOfmtnlmny iuiprovemenlsfUlly
may be completed complltl In season It Is necessary necessarythat nttIIf
that they Ihe should < bn promptly inauguratednnd inaugurated InnUIUrRttd InnUIUrRttdRnd inriugurateeand
and negotiation have been heel concluded for forthe forIhe fortire
nerotalonK
the sate of securities ecurlils under undlr which the neces neceswiry nlles nllesIry neceesary
wiry Iry funds fund will be obtained to cover Iovtr n 1 con considerable roneldornhle considorable ¬
1
siderable portion porton of the expenditures eXpldlures for forthese
these purpose purposeNewThtrd I
i
NewThtrd Newllr New Third VlccPre neePelldfnt VIcePresIdent lilcnt of the New Haven HavenNEW lnen lIasenNw
NEW HAVEN HAEN Deo 10 10Wllam 10William William E Bar Barnett Barnett Brirmutt
nett of thin thi city oJt the third thir vlcopresident vlcopresidentof lcprfidcnt
of the New Haven Railroad Rilad this thi afternoon afternoonsent atternoln atternolnflt afternoonsent
sent flt in his resignation reigaton to t President Peient Melleti Melletito felen felento
to be b submitted Bubmlt to t the meeting mfelng of the thebooid theboard
board bBd of directors dietr in New York on Satur Saturday Saturday Saturday ¬
day next Tho resignation rtlglntiol will wi take ef effect efect ¬
fect ect on Jan 1 H HM M Kochersporger Kohefsporger of ofthis ofthis
this city ct oil Comptroller Compbole has ha becnappointed becnappointedto bnappolnted
to succeed BUced Air fr Barnett Barett He le has hR been beensixteen bn bnfllen beensixteen
sixteen fllen years NUI with wih the road Mr fr Darnell Darnellleaves Ilalftt IlalfttIfvEs Batnettleaves
leaves IfvEs on account acunt of poor por health henlh Ho 10 has hasbeen hasbt1 hasbeer
been bt1 with the road rad r thirtyfive thlrtyfve years years11OOOOO yearsr fars
11OOOOO 1100 More I ore Import Gold GoldEngagements GoldEgagements GoldEngagements
Engagements Egagements of gold for import Impr an announced In Innounc announced ¬
nounced nounc yesterday yeterday were wer 1400 400000 engaged engagedin enpalod enpalodIn
in London Lndon by Lazard Lrd Frerea Frr Fr res 12100 210000 bv the theNational theNatonl theNatIonal
National Natonl City Bank Bankj 1000000 100 yen 01 or about but butaWoL
500000 aWoL engaged engage in Japan Japa by the Interna International Internatonal luternational ¬
tional tonal Banking hanking Corporation CorporationForeign Corrton Corrtonorllgn CorporationForeign
Foreign exchange eXMug rates rlc advanced advancd again acninand a againand aln alnand
and the tie opinion oVIII1 wan 1 reiterated rolterted in local I0c1 I0c1banking mcmibanking localbanking
banking circles olrles that the import gold move movement movt movemerit ¬
ment from Europe is 11 very ytry nearly nory ended endedVOVUr endedUO endedMOXLY
VOVUr UO EY Alt A l ECHAGK ECHAGKMoney EXCI4oOf EXCI4oOf1oney EXCIJ4VGFMoney
Money 1oney on call cal cah14t5per taii IH per cent CCII lust loan 10n
4 per cert r ruling ru111 prlc S per wit cwti I Tims Timsmoney fimrjroDney Im ImIoney
money Ioney Pr quoted quotl at a I prr cent nt fur slits slt dave df dfo
0 per cent for ninety nlott days S J per ont O Ht fur forfour furfUlr furuser
four fUlr months s am H per cent cpnt for five unit nix nixmonths sl eiznuorithe
months 5j a per 1 1 edit CHi fur t etu Mtl > rud riuI HcliS HcliSmumta f1Jht f1JhtmUIII ciglutmouths
mouths mUIII Commercial o merCld paper pir I is quoted quaIId at atI
6 I pnr t1r cont for minis 11118 elngln elullt etrigi nurnM nrOs ant ani bills billsreceivable bll bilLreceivable
receivable other nam names < M oiwr O oY So 1r7 per r cent centThe cefltThe ctntThe
The foreign foreiln exnhanga exohJn a market muk wna I strong trllg
today from its It opening to Its It cIrca Tl Tlfirst 1lfirst h h1rst > < >
1rst first quotation quolaliCn of OpUl1 bight sterling 8lni was WI made madeat medat
at an advance advancf of 10 pultit wlt nuil allll by the end Pld of ofthe ofIho ofthe
the day It hiul hlli rl risn risen n another aother to 1 points 1olnll to 14Km 14KmfflH8310 1481u 1481udUeI
fflH8310 dUeI 15315 A factor contributing contrlhllni to the thustrength ha hastrength I IMlrengl
strength h of the market marlet today was M the pur purchu percliL I IchSe
chu chSe of bills bUs against Ilaln t sales 8nl1 of American omeriofn secu securities ieeerttles U Uriles ¬
rities riles for London I > don account acoount Posted Iosled rate ril rilfr ratesdare i iwttre
dare fr quoted tit hal for long lell bills hliR hiii and I4H4V I4H4Vfor 1IS4for
for forlhort short Actnul rates ralP long 1011 bllle hils 14lnra 4 457w 7 fo
1480 Right draft S4ll14ni4836 183414836 and catiln catilntransfers cllll cuinktrumnucfcre
transfers tranMf I4838at4830 14R3R < 831 Francs 1ralJ were WfI quoted quotedat qlolll qlolllat
at SMi r 231I 3Ii less leMl1 lU for long 10n6 and 521 2t < for short shortIleluhstnarlts Rhort shortIteiujtustnarks
Ileluhstnarlts lelchamnrl were quoted quold at 93 g 1SI8 UII for lone lonent lonl longarid
and nt 14 04 t 111 716 rm for abort tn riiMrloM UuUdf fluliders u were n nit < Iuoted Iuotedat
at i0 10i 9J for long and 40 41 for inert inertDomestic shortDomestic hortDomesto
Domestic Domesto exchange on Sew York Boston Uoxton20e Dotton Boston20c
20e 1 discount Cfiarlenton CharltonBunkR Banks buying buyingpar huln hulnIlr luutyingPer
par Chicago Chlcalol ChicagolIe 16o premium lrlmlul Clnclmiutl Clnclmiutl35c Indnlal i i3uc
35c 3 Ilr c premium New Orleans OrltalComniercial OrltalComniercial11W OrleavueCornruierciei Commercial
1150 11W discount u1count banks bnkt SI2S 123 discount d oout Iitts Iittsburg2 Pit litteburg
burg2 bur burg zro 2tc > c premium St St Paul IaulSUhli iaulSelling Selling 40C 40CIrlllum 40CiureiutiUni < c cpremium
premium Irlllum Minneapolis Mlnneapols Par Montreal MontrealSight MonlreulHllht MontrealSight
Sight Hllht 520 Hc premium prmium wire dljjc I premium premiumLouisville Irlmlll 1reuitiulmii1ouieviite220
Louisville 1ouieviite220 230 premium Han Francisco Francisco75c Francisco75c runclecoiSc
75c premium pemium St Louis loulslc Lordstoe loc premium premiumMoney premiumIonp premiumMoney
Money Ionp In London Iondon 3tisy 3 3tc3 i3i per ptr cent cent Hate Ia I of ofmonths ordlacount ofdiscount
discount In open market ror or short and three Ihreemonlh threemonth
months bllli bil SK 3 r f 4 per cent celI Consols on8lt for formoney tr tr10nlr ForrIionev
money 10nlr closed clol at iI t 88 are 011 and for or the account accountHI aceountlt
HI lt 88 > i The ht Bank of Englands JnIIRnds minimum minimumdiscount Inlnlmul rntnlmuriidiceoutit
discount rate remains unchanged at 4
dlount ratl rellln8 UnrlHlaM per percent Iwrcent perrent
cent The weekly statement stRlemlnt of of the Hank lank of ofEngland ofFnlland ofEngland
England cent shows the lie following folowlli changes chaotes Tout Toutreserve Tolalrlscno Tobilreserve
reserve rlscno Fnlland decreased decre8sl A 105000 I 00 circulation crculalon de decreased dpIrenstd ci cicreased ¬
creased Irenstd 1270 272ow bullion bUllon decreased derrPIBe 037fIOD 037fIODother 376600 376600other 376600other
other securities Iccurltea decreased drea N oZ2540 z2S4oou 2254 001 other othercreased olhrdeloslR otherdeposits
deloslR deposits decrlue decreased J1 1380000 6fOI public depORl1 deposits depositsdecreased
delr decreased JZ3DOO 230000 notel notes hi n resln rosen de decreaf decreased
creased ase 128000 126 ocx lovernlent lovernment securities securltt in increased increased ¬
creased creaf crel 012170 J4 C74 747000 01 000 fhe proportion proprlon of tee ttieHunk tl teeItank
Hunk ank e of Englands Enanndf reserve reslrvI to t liabilities Ilblte Is Ie45U7
4507 per cent cnll compared with 4378 per cent centfrom centInst centlast
last wlek week 8111 anti cmprt compares with an advnlce advance advancefrom
from from 4JK 4 44 per cent to 44S U 44i per cent ent in II this thisweek Ihl8Cek thisweek
week Cek last V year yearParis yearParis
Paris advice avloea quote quott 3 per cents cent M II 08 IR francs francsJ7X fran tranOscentimee
J7X i centimes cntme The h private privae rate of discount discountis dilcout dilcoutIs
is i per cent Exchange on London Lndon 25 25franc 25franc 25francs
franc franc 19H centime cntmea The ht weekly kly statement statementof sltment sltmentof
of the Ily Bank of France shows the following followingB5e50wo rolowlnl followingchanges
chanle changes Notes In circuilton circulation delrtRld decreased
B5e50wo francs treasury account ICIOUnU current currentIncreased currentIncroue currentineroased
151500 Increased 2070000 20760 20 7t0000 franc trob Kol on hand de decreased decreased ¬
creased Incroue 7t7BXK 7160Iu francs franll bills discounted dl ull de decreased d defne diCr05851 ¬
creased creasl 2l4lonion francs silver slvlr on hand handdecreased handdtreastd banddecreased
dtreastd decreased efne 21101 3475000 3470 francs franN Berlin Irln advices advicesquote advtcC adviceequote
quote exchange exchalge on London 20 marks 41 4f pfeniitgs pfen pfennigs ¬
cent nigs niIA The private rate of discount dilcount Is II 3 pfen pfenniIA < per percent percenl percent
centNew New York Clearing Clearlnl House 1011 statement Ilottllnt Ex Exchanges Exchnngee Exchanges ¬
changes 1239123252 126112 255123 2S2 balance 110147436 110147436HiibTrensury ll3445 ll3445HuuTrtIIUr I0i4745 I0i4745hubTreasury
HiibTrensury HuuTrtIIUr debit debit balance bulancl 1718015 1718015Commercial 118015 118015lommerdu 7r86 is isCommercial
Commercial price of bar silver In New York Yorkr
r4 5411 r > 4 Jic Bar Blr silver RI ver In London closed c05t at 25 3lftd 3lftdMexican a1MMexlcon 3ledMexican
Mexican silver sllr dollars dolfrA were Ire quoted quott lt at t 41o 41oFl 4icIIX4XCI4I 10 10JIXCIAI
Fl JIXCIAI IIX4XCI4I AXCIAL NOTES
1 P 1 Morgan Co as l managers of the theIllllmu theJ thehandle
Illllmu Ilanio handle 1 luani Cost Coast Line 1JIUV Jtutll UnhroRd wnu lanalfrR n A1dlclle synuiente hlve have m T
J jtisented Jn tb II extend the tlA syndicate ldlclte agreement agreementjf ilrellnt ilrellnttf
tf jf Sept Rept nlt 29 tl iso wn for fourteen fourltcn months monl hl from fromDec fromDec fromtec
Dec I 1903 Igo to Feb J1eh 28 inns 100 provided a ma majority ia iajorlt urcaJority ¬
jority jorlt of the members membr assent l nl Circular Circularletters Circullr CircullrIptters Ctroularletters
letters have been sent Int to the members membr asking askingtheir alklnl askingtheir
their thflr assent as nt Thn 11 syndicate ndlo le was R formed formedto formt formedto
to take t ke care of the Issue of bonds made for fortook rorIhe fo fothe
the purpose cN of palnl paytng for Ihl the loul8le Louisville and andN andNashville
N Nashville purpse Iork which hloh the Atlantic olnnlc Coast Line Unelook Linetook
took AhvIe over Or in securing crlnl control of that property propertyGeorge prop propertyGeorge rl rlOeorlo
George W Perkins P rklt chairman of tho finance financecommittee financecommittee nanO
commltte committee Oeorlo of the United Unl d States 8Ial Steel Corpora Corporation Coror Corporalion ¬
lion has gone 10nt to Chicago ChicagoN ChlcliO ChlcliON
N W Harris Hari ft 1 Co C are RT offering otfrlng to Inventors InventorsiBflOooftPere InvNtos InvNtosl Investors1tiOOiXXlP
l 1tiOOiXXlP iBflOooftPere re Marquette Marquttt 4K per cent Onf bonds bondsbeing bondsbing bondsbeine
being oP the r unsold balance halano of pr l1ononoO I OO Lake LakeKrle IakeErie luskeErie
Erie bing and ad tf Detroit lllver division bonds bondf recently recentlyIssued recent recentlyissued
lrollyr
ISllld Issued The Thl I earnings famlol of the Ib P ro Marquette Mnrquettas MRrqulte MRrqulteRIPm Marquettesystem
system for the year ear endt ended Oct 31 are 51en 51enal riven rivenas
as follows Gross earnings eRrnlnls 112562147 112562147operRtnl 1125132147 1125132147operating i125152147operating
al operating expenses and taxes 119J1012 119J1012net 701314082 701314082net 7013 14082 14082net
net operRtnl earnings Iarnlnls IxpnIR IS30301 Sso8S8ne3 Interest 1176 41767 l7B7
68077 1171 surplus lurplul I13404188S I13404188SHarver 15404198 1154041958Harvey
Harvey ll Fisk isk k A e Sons Sns offer oter 1300000 100 Illinois IllinoisCentral Ilnoll IllinoisCentral
Central Haner ntrRI Railroad Companys main lln ln line ex extended extencpd oxtndid ¬
Rairoad Cmpan
tended tencpd nrtmorlla5e firstmortgage first mortgage 1K per prcentlold percentgold cent gold bonds bondsat A Aat
at 9 98 9534 and Interest The gro gross receipt rclpU of ofthe ofthe ofthe
Int4ret
gO
at the 708 mil miles covered conrd by b this mortgage mortgageamount motst mortgageamount
amout amount 11 it mle It is laid sid to t more mor than thn the th entire entireamount entf entIreamount
amount of mortgage bonds bondl outstanding outtandlnl and andthe andtbe ariathe
the amout net earning morlaC8 to more mor than thn 33 a per cent cnt of ofthe oftbe ofthe
the entire oet elnla debt secured Icd by the mortgage morl pr and Id Idlealy ariasearly
lealy searly ntr nine tme times the the annuallnterelt annusi interest chrre charge chargep
p
h DANKS I
t
nn nnnn u u uSK fUNUS ANM8 SK
THE CORN EXCHANGE BANK BANKWilliam BANKWilam BANKWilliam
William Wilam and Beaver Streets New York YorkORGANIZED YarkORGANIZED YorkoRrM41z81
ORGANIZED IMS IMSWILLIAM 183 183WILLIAM 1813liLIAM
WILLIAM A NASH NASI President PresidentTHOMAS Pnldent PnldentTIOMAS PrealdentTlIOlttfl
THOMAS TIOMAS T BAR ntnhl Vicepresident lcerlren I VALTttR ffl T n I FnEW 1cePreaIdent 1cePreaIdentFlntDErlic1C cprtaldenl cprtaldenltJWERtCK d dWILLIAM
RARI FlntDErlic1C T > UAnT JAnTIN MARTIN Cahlt CahltWILIIAM Chlcj ChlcjWLIIAM
tJWERtCK
WILLIAM K t WILLIAMS Assistant AMalant cashier CMhle CS tsr WILLIAM II 1 I KJ5TCHUM KCHCM AwUtant 15lant Ca Chlfr ChlfrCapitl Cashier CashierCapital hler hlerCapital
Capital Capitl Surplus and Profits Profts BRANCHES t 536099286 536099286BRANCHES
ASTOR PLACE IIRANCH
IRSCI
Aitor Place rte and a Laele Lafayette Place PlaceASTORIA MueAH1 PlaceASTORIA
ASTORIA AH1 R IWANCH
134 RloJC1 Fulton loJC1 Avenue e e Uorurh llorouth or Queens QueensnilOAlMVAY QUWLIII10Aln QUeefltIlltOAlWAY
nilOAlMVAY I10Aln IlltOAlWAYBmadwsy At DIANCI nilANCU
Ilroadway Jrlay and ad Sprlnr Iprlnr StreetEAST Street StreetEAST IelEMIT
EAST SIDE H1E IIKAMH IlACI
Norfolk and Grand Ornd Street StreetELEVENTH StreetsElEVENTH lel lelEIEESTI
ELEVENTH EIEESTI WARD WAR BRANCH BRANCHAvenue DIACI UflANtltAvenue
FIFTH Avenue Avnue AVENUE I I and nnANCII loll loh Street StreetFIFTH Sllel SllelPIFTH StreetFIFTH
Filth tIUh Avenue and nRACI Ifllh Slrel SlrelFORTYSEoND StreetFO1ITYSItCoNn Street StreetFORTV8ECOND
FORTV8ECOND FORTYSEoND STREET IIRAXCH IIRAXCHS03 IRACH
REE
S03 03 West 42d Street
GRAND CENTRAL IIRANCH BRNCR
7 KAit lt 42 42d < 2d Street StreetCIUTENPOIYT t StreetCREENPOINT rtl rtl1RENPOIN
CIUTENPOIYT BRANCH BRANCHfranklin nRANCDFrankla I3BANCUranktin
IIAItlEM IAIItK 1RENPOIN franklin Frankla BRANCH BRANCHliU DRANC1 Street tlreel and Green Orecnplnt cJreenpoint point Ave Brooklyn BrooklynIIAItlEM Brookln BrooklnIAIItK 8rookynILARIESI
liU Went WtIUSlb 125th Street StreetHUDSON Ilret IlretDUDSON StreetHUDSON
HUDSON RIVER BRANCH BRANCHTad
Tad 7 Street Sire tad d Columbus Clumbo Avenue AvenueQKTKEMl AnueQtNA yj yjOtTE5N5
QKTKEMl COBNTT BRANCH BRANCHDorden nRNCn nRNCnDoren JIRANCHBorden
QtNA Borden Doren COtN Ave and ad Front Frnl St nor or of Queens QueensTWENTrEIGHTR Queen QueenTWENTTEIOHTff
TWENTrEIGHTR STREET STRE BRANCH BRANCHBroadway DRACI ORANCIIrirosciwag
TWETYEGHR Broadway Dra and Id 23th lb Street Stel StelUNnRlr StreetUNflERSITT
UNnRlr UNflERSITT BRANCO
2809 Broadway
UNION SQUARE BRANCH
34 Union Square SquareSTATEMENT SIuar SquareTATEMENT
STATEMENT DECEMBER 8 8ASSETS 1903 1903ASSET 1903I
I ASSETS ASSETSLoans ASSETLoans ASSETSLoans
Loans and Discounts DiscountsDue D count 33105611 23 t056t t 54 54Due 54Due
Due frctn Banks BanksBanking 1913765 35 35Banking 35Banking
Banking Houses and Lots LotsOther 2462484 2462480 22 22Other 22Other
Other Real Estate EstateStocks 14822 76 76Stocks 76Stocks
Stocks and Bonds BondsBonds 681756 89 89Bond 89Bonds
Bonds Bond and Mortgages MortgagesExchanges Mort aes 38335000 383350 38335000Exchanges 0
Exchanges for the theClearing Clearing Houe 5296318 529 318 54 54Cash 54Cash 54Cash
Cash 7648405 768405 93 93Capital 12944724 1294724 47
541506515 150515 23 23lABILITIE 23LIABILITIES
LIABILITIES lABILITIE lABILITIECapial LIABILITIESCapital
Capital CapitalSurplus Capial S 2000000 200 00 0 00Surplus
Surplus and Undivided Profits ProfitsDeposits Profs 3360992 3692 86 86Depsits 86Deposits
Deposits Depsits 36145522 36t45522 37 374I5062j
41506515 4I5062j 23
ADVICE AmIE TO HOLD 10LD COTTO COTTOTMM COTTOTxu COTTONTcxu
TMM Authority Authorl AuthoritinWashtagton In Wathlncton allnston Hay Ha1 851 the thePrice thePrice he hePlct
Price Plct Should Go Ip to 1ft 1 Cents CrotiAustin CmUAU8TN CentsAustiN
Austin AU8TN Tex Dec De 10 10A A telegram telegra ad addressed addrM addressed
dressed drM to the cotton cton growers of the te South Southby Suth Suthby Southby
by A S Peters president preldent of the Texas TexasCotton TexaaCottn TexasCotton
Cotton Cottn Growers Grower Protective Prtthe Association Associationwas A8claUon
W3 was circulated circlatE among the cotton cton planters plantersthroughout panterl plantersthroughout
throughout Texas Texa today Col Peters Peterswho Petrs Peterswho
who is In Washington Waington D C says saysI sYA sYAI
I have he just jut completed cmpleto a careful analysis analysisof analysll analysllot
of the report reprt reportof of the theBuxeauof Bureau Bueu of Statistic StatstC and andI
I am prepared prepae to say IY that the report reprt issued issuedon lue
on Dec De 3 estimating ftmatng the crop at 9082000 9082000bales 9820 9602000bales
bales balf is not only on conservative cnseratlve but U I over overrather ove overathe overrather
rather rathe than under the indicated Indlct yield yieldI Ield IeldI
I therefore earnestly fareltly urge all al growers gow erR of oftho orthe oftho
tho staple not to part with wih their holdings holdingsexcept holdingsexOptMt holdingsexcept
except exOptMt at the real rel value alue thereof thorrf which la I not notless not1f notless
less 1f than 15 cents cnla per pr pound the figures fgre I Ihave Ihave Ihave
have repeatedly reptely predicted prflolf would be b paid paidHALTIMORE paid11MTUWRE paidISALTIMOIW
HALTIMORE BANK nA K lV I TROUBLE TROVBLEClerlnK TROUBLEC TROUBLEClearing
Clearing C rlns House Comei Conieto to the Aid of the theCommercial theCommerlal theCommercial
Commercial and nil Farmers FarmeriBALTIUORE FarmersBALTIM0an arle arleBALTIUOR1
BALTIUORE BALTIUOR1 Dec De 10 10Lwrnce 10Lawrence Lawrence B Kemp Kemppresident Kempprsident Kemppresident
president prsident of the Commercial Commercal and Farmers FarmersNational Frmer FarmersNational
Natonl National Bank Bnk has ha tendered tender his hl resignation resignationo reignton reigntonto
to o the directors drtor This has hal been accepted acceptedand acept acceptedanti
and a meeting metng of the directors dlretol will wi be hold holdtomorrow holdto holdtomorrow
tomorrow to morrow to act upon his successor BUOCC8r and andtake andtake andtake
take steps slep looking toward towar a reorganization reorganizationof reorganizton reorganiztonof
of tho bank Criticism Criicism levelled levele at the man management management managenlent ¬
agement of the bank is II the cause cue of Mr MrKemps MrKelpl MrKemps
Kemps Kelpl retirement retirementWithin retrement retrementWlhln retirementWithin
Within Wlhln the last lat ton days daY1 there Iher have been beenrumors blen blenrumor beenrumors
rumors rumor in circulation crulton about this thllinsttutlon thllinsttutlonand Institution Institutionand
and at a special spoll meeting meetng of the Baltimore BaltimoreClearing Bltmore BltmoreClearing BaltimoreClearing
Clearing House Hous Association Asociaton held today todaya
a resolution roluton was adopted adopte under uner which the thetwentyfour thetwentytour thetwentyfour
twentyfour banks that are ar members membrs of ofthlf ofIhl ofthis
this Ihl association a6ocaton bind themselves thelele to furnish furnishall rurlBh rurlBhal
all al the money that may mr bo b required rquire to meet meetany met metany meetany
any demand demandl made mde on the bank bankIt
It wee IS also alLo do ideil Id61 to place tut the repre repreentatlvo r representativo r rsenttho
entatlvo senttho of the Clearing Cllrnp Houses HoUe thoroughly thoroughlycompetent thoroughlycompfllnt thoroughlycompetent
competent compfllnt lien Iln in charge charpe of tho affair aaln of ofthe ofthe ofthe
the bank alk until unti the plan pln of the directors directorsfor dlrctof
for a reorganization rrllnl7llol are completed Upon Uponthe Uponthe Uponthe
the recommcndntion of Comptroller Comptrler of ofthe ofIhe ofthe
the Currency Currncy urreney Ridgely Ridpely there ther WCH wel eelected eelectedfor ecleted ecletedtor cuelectedfor
for this duty dlt W A Mason Mason who IH ii one of oftho oftho oftim
tho National llnna Bunk Innl Examiners Iaminer 1alon for the Balti Baltimore Bli Blimor Bautimore ¬
that thatthe thattho thatthin
more district dlhlri The iJlrectora dlrdon consider cOlflder
the mor institution In tlutol lout hS been hln mismanaged mFlanae and andthis ane aneIhl andthie
this Ihl rendition nlltol wnr Ir brought brught to t their teir attention attentionwhen atenton atentonwltn attentionwhen
when wltn they wore ero notltloil noWl1 In the latter hIter partof partofOelolfT par part of ofOctOI ofOctok
OelolfT Octok tltV l ly < y the Comptroller Comptroler of the Currency Currencythft Currnoy CurrnoythPt Currencythet
thft th Iht the nipitnl ot the bank had hd been im impaired 1mpalrtl impairol ¬
paired and must murt be made good goodThis goodThil goodThis
This Thil notice notll followed tolowed an examination examinationmade exnmlnoton exnmlnotonmde examinationmacicon
made mde macicon on Oct Oc 7 by Bank Examiner Mason MasonIt Mn MnI
It I is understood undertood thut this indicated Indicte that thatthe thatthe thatthe
the bank had accummulated acumulate losses loees itivari itivariOUH In invariOtis arl arlOUR
OUR directions dlrclot aggregating agggallng bet bt between ween wen t20000 t20000and 1 250000and o
and 300000 The surplus lurlus and undivided undividedprofits undvided undvidedprofs undividedprofits
profs profits 10 of about abut 150000 150 were wer a partial partialoffset par partialoffset 11 I Ioteet
offset oteet to this thil and several leveral of the director directoragreed dlrecol directorsagreed
agreed agrfd to give a bond bnd toward towad making up upthe upthe upthe
the balance blamc This Tis tided tde the institution institutionover infltuton infltutonover
over temporarily The run rn of the last lastten laBtten lastten
ten days tfmprrly however depleted deplete its cash ch so sorapidly 10 10rapidly sorapidly
rapidly that it was wa concluded to ask Bk for forthe forthe
the support of the Clearing CI8rlng House HounoIt HO4 I
It BUppr has ha been 1n estimated Mtlmatl that tht to restore restorethe rlLorl restorethe
the depleted dfpletod capital will wi require requir an assess assessment a1 assessment ¬
ment of 20 0 a share shar This Tis idea Idfa has ha re received roo rooclled roceived ¬
ceived clled plausibility plaulblty by bv recent rcnt bids bldl of S 60 00a 60a
a share Hhr par value vilue 100 lO Last Lst June the thestock tho8tock thestock
stock sold pr at 113 130 It I is II Raid that the bank banklias banklil bankhas
has lil been bn carrying crrying overdue overuo paper for several vevtralyears lverl lverlYfI severalyears
years YfI and that about thr t1tee ppr o years ytar ago the thesuggestion the81ggSton thesuggestion
suggestion 81ggSton was wa made lndc thtt by the Comptroller Comptrollerof Comptrler Comptrlerof
of the Currency Curnncv urrencv I hat dividends bo suspended suspendedand sUApndld sUApndldand
and this marked marke off or As the capital was wasnot wasnot wasnot
not impaired Implrf the Comptroller Cmplroler could culd only onlysuggest onlysugget onlysuggest
suggest suggestThe sugget suggestThe
The dividends at the rate of 6
dlvldflds were rail per percent percent
cent < nl or about Ihout 130 30000 a n year yer Subsequent Subsequentlosses 8ubequent 8ubequent10sle Subsequentlosses pr prnl
10sle losses finally fnly encroached encoched upon the capital capitaland cpital cpitalald capitalarid
and ald then the Comptroller Comptrler upn took tok action actionIOWA acion acionIWA actionIOWA
IOWA IWA CENTRAL JEoTR REPORTS REPORTSUeereaietl REPORTSIcreald REPORTS1kcreased
Ueereaietl Icreald Gross Orol Earning Earoln and Increaied IncreaiedNet InoreaudNetlmpronmtntl InereasedNetImprovement
Net Netlmpronmtntl NetImprovement Improvement Cut Ct KxpentrPresident Expanses Jpnlt JpnltPrsident ExpansesPresident
President Prsident Edwin Hawley of the Iowa IowaCentral IowaCentral IowaCentral
Central Railroad Rlroa in the pamphlet pmphleL report rpor of ofthat ofthat ofthat
that road ro issued leud yesterday YOtrday says aay that tha there therewas ther therWI therewoe
advance in and in increase Incra increase
was WI a general gnerl adano wages wags an ¬
crease cra in the cost cOt of fuel ful and materials materialsused materall materallud materialsused
used in operations opraton last Iat year but despite despie this thisthe thisthe thisthe
the expenditures expniturs for improving the condi condition conditon condition ¬
tion ton of the road rod and for new nw and larger largerequipment largerequipment largerequipment
equipment mode mae it possible p09Ible to reduce reduceoperating rduc reduceoperating
for the without deterio deterioration deterboration
operating cost C0t year detero deteroraton ¬
ration opratng of the property propertyWhile propertyWhile
raton While Whle these th proprty proprtyWhle impovementa ipoemtnls required rqulrtan an in increase Incra increase ¬
crease in the bonded bnde indebtedness Indebtd 8 tho net netearnings ntt nttealnge netearnings
ealnge earnings cra were er sufficient Buflent to meet met all al interest interestrequirements Intrst Intrstrqulrmutg interestrequlremetitJd
requirements rqulrmutg and Ind other fixed fxe charges ohargl in including Incluing ineluding ¬
eluding cluing the interest IntrBt accruing acnllng upon the thebonds theOndflAued thebonds
bonds OndflAued Issued to pay for torluch forauch such improvement improvementAdverse Improemfnt improvementsAdverse
Adverse weather wlather conditions conditon injured Injur the thegrain thegrain thegrain
grain Aver crops along the road and the Incoe Incoeacount incomeaccount income incomeaccount
acount account crp whch which ladetale is detailed in anothrolumn anothrolumnfhows another an columnshows column columnshows
fhows shows a deol decrease in the gr0 gross oarnlng earnings of
137807 As operating decreased
113787 A oJratlng eXPn8f expenses derMd
140575 ther there WR wa an n tncnR increase In nt net ear earnIngs earn earning ¬
ing of 2788 27 An Incra increase of 1184 1044 II isshown is isshown
shown ing in the prft profit ad and 10 Ions surplusTALK surplus surplusTALK urpl urplTAIK
TALK OF A NEW EW TRUST TRi1iT MERGER MERGERMcVlokmr MERGERMeVickar UERGER1tlkar
McVlokmr 1tlkar and nd Empire Said to lie Re Readyt Read Readt Ready
t ti Come Cme Together TogetherWall Tostther TosttherWal TogetherWall
Wall Wal Street Sl t heard hear yesterday yestry that the thecontrolling thocntrlng thecontrolling
controlling cntrlng interest Interts in the MoVlckar Realty RealtyTrust Rlty RltyTrt RealtyTrust
Trust Trt Company Cmpny and the t Empire Empir State StateTrust Stte StteTrlt StateTrust
Trust Trlt Company Ompy had assented ented to a merger mergerof
of the two to as the McVickarEmpireRealty McVickarEmpireRealtyTrust MoVlckarEmplreRa1y MoVlckarEmplreRa1yTrt
Trust Trt tle Company a of which Leroy Lry W Bald Bd Bdwin Baldwin j jwin
win of Compny the Empire Empir State B to Trust Trt Company Companywould Compay Compaywould Companywould
would ho the president pfldent and Mrs MessrsMoVickar Mfr MrsMoViclcar
MoVickar and Qaillard Gaiar of the te MoVlckar MoVlckarcompany MoVlckr MoVlckrcmJny MoVickarcompany
company vlcopresidcntfl vlcprldent Each Eoh company companyhas cmpny cmpnyhaf companyhas
has haf cmJny deposits of aboutl500000 aboutl500000Livingston abutII6O aboutlOOOOOLivingston
Livingston Llvlngltn depsll Wetmore Wetmor assistant alBtnt secretary secretaryand sertry sertryand secretaryand
and treasurer treurr of the MoVickar company companysaid companysaid
said that while whie them thor had har been h talk tlk cmpny of such sucha
a merger it had ba not yet been bn officially officiallyconsidered omolly omollycnBldtr omoiallyconsidered
cnBldtr considered by the directors dlrtof or stockholders stockholdersIn ftkholder
In fact fat said ed Mr Wetmore Wetmor It may maynever my mynever maynever
never be b closed e It At t all a No detail detll have havebeen baTeben havebeen
ben been worked worke out outfr outl
l
fr Ca
P I
BREWERY COMBINE RUMORED RUMOREDtLLIAMSBVnO RUMOREDrILLIJBURO RUMOREDWILLIAISBUI1O
tLLIAMSBVnO rILLIJBURO CONCERNS CONCJRN MAY MAYFORM MAl MAYFORM
FORM A 910000000 11000 COMPANY COMPANYUenmann COIIPA1T COIIPA1TUehmann COMPANYUehmann
Uehmann lire nren Brewing win Company Cmpny Said Sad to toHave toa toHae
Have a Made Ilade Overturn o uturr to Purcbue PurcbueSmaller Prcb PrcbSmaUe PUPCII5UOSmaller
Smaller SmaUe One OeWoad OnciWould Would Do D Away A With WithPoor WithPoor tl
Poor Ioo Deer Otr and Work rorCood rrlGod E Laws LawsIn AWI AWIIn wi wiIn
In the beer bor brewing brewln section soton of Williams Williamsburg Wilams Wilamsburg Williamsburg
burg it was wa reported rpr yesterday yeseray that a amovement amOfment amovement
movement mOfment was wal on foot among some lome of ofthe ofthe ofthe
the big brewing concerns ooncerl to acquire aculro the thoplants theplntf theplants
plants plntf of the smaller ma er brewers brewer and ad place placethat placothat p1acethat
that Industry In Brooklyn Broklyn under one man management mn mnagement managoment ¬
agement agement It I was said ld that tha the S Lieb Liebmnrms Leb Lebmanns Ltebmanns
manns Sons Brewing Company Compny in Forrest Forreststreet ForreBtItret Forreststreet
street Itret which acquired acuire the extensive expnlive plant plantof plnt plntor
of the ClausLipslus Clu Lplus Brewing Company Companyabout Companyabout Companyabout
about a n year ear ago was wa behind behlnr the move movement moemfnt movement ¬
ment mfnt and that it had ha the support of other otherlargo otherlrgo otherlarge
largo lrgo brewers brewersAt
At the office ofc of the Liebmarm Liebmnn company companyit compny compnyIt
it was denied denlE yesterday yeleray that such a proj project project projeel ¬
ect was Va under way A SUN reporter reporer was wasinformed wa wasinformed
informed Infore last evening however that a amovement amOment amovement
movement was on foot tot to absorb a a num numbar numbr nurnher
bar br of the smaller emler brewing brwng concerns concrs in inon InWiimburg inWilliamsburg
Wiimburg Williamsburg some or which are Berly Berlyon scnrceiy scnrceiyon
on a paying pying basis bRls It I was said id that the theLiobmanns the1lehmnns theLiolmanns
Liobmanns 1lehmnns Sons company had made madeovertures madeovertures
me meolerurf
overtures olerurf for the Paul compny Weidmann brewery breweryat brewer
at North Norh First and Ind Berry Br streets strpptR Con Concerning ConOrlnp Concerning ¬
cerning the th movement TUB SUNS Infor Informant In inforInant for ¬
Orlnp
mant said saidTho saidTho ld ldThe I
Tho object objft of tho movement m01oment is to do doaway dowa do doaway
away wa with the manufacturing manlfncturl of tho in inferior inferior ¬ i iteror
ferior teror grades grdel of beer her which are fre detrimental detrimentallo detrimentl detrimentlto
to those saloonkeepers elonkepr who sell II a good goodquality god godqulty goodquality
quality qulty of beer and who ho pay PY the price pric for forit tori forIt
it i while whie a business bun rival Delia III the ie cheap cheapbeer ohep ohep1r cheapbeer
beer 1r and can cn give more for a nickel than thanhis thanhil thanhis
his hil neighbor neIghbr Another reason rNn is I that the thebrewers te tebrwem thebrewers
brwem brewers want to be protected prlecte against aganst un unjust unjUlt unjust ¬
just jUlt legislation legllaton A number lumbr of Williamsburg Williamsburgbreweries Wllulburg Williamsburgbreweries
breweries are tottering tttring The Te brewers brwer brewo who whosell wholel whosell
sell lel their plants plnts will wl become bome shareholders shareholdersand Ihorholder IhorholderI shareholdersI
I and have bRe a voice In the management mnagement of the thebusiness theI i ihURlne81
I I business hURlne81 I was WI informed Inforo that iat 11000 10000000 10000000is
is back of the project projlo and that tat within wihin two twoyears twoear twoyears
years ear the beer brewing industry in Brook Brooklyn Brok Brokyn Brookiyn ¬
lyn yn will wl be b under one management managementThe manglment manglmentTe
The Te output of the Liobmann brewery brwer la i i
260000 260 barrels bare a year ear and the te companys companyswealth cmpanys cmpanyswfalh companyswealth
wealth wfalh is est et imated Imate at IWOO IWOOIIAED 50000000 50000000PLAYED 0000000PL41ED
PLAYED WITH IVITIIiIATCIIES TI JITClEi MATCHES DEAD DEADUttle DF4J DE41Little
Little Girl mr flurried Dum to Death oaod and Iltr ler Brother BrotherSeverely DrotherHnfrely BrotherSeverely
Severely Injured InJnrrdWOODIJE InjuredWoopwxax InjtirertWOODKBRE
WOODKBRE WOODIJE L I Dec 10 tEna 10Edna Edna May MayCombs MayCombs MayCombs
Combs 3 yearn erH old of Brower B I Point Pointwas PointWM Pointwas
was burned hurne to death there thtre yesterday Her Hersix HerIlx Hersix
six Ilx year old brother brothe Robert Rbert was W horribly horriblyburned horiblyburned horriblyburned
burned about abut the face tac and hands in trying tryingto
to nave ave his sister sisterThe slBterThe sisterThe
The children chidren went into a small smal outhouse outhouseyesterday outhouseellerdar outhouseyesterday
yesterday ellerdar afternoon to play They had hadsome had8me hadsome
some 8me matches matche with them They ignited ignitedsome Ignite ignitedsome
some Bore straw and other Inflammable Infammable mate material malerial matenab ¬
rial on 01 the floor foor and nd soon 90n the girl gil was a amass amal amass
mass mal of flames faml She ran to the rear of the thehouse thehouse thehouse
house and tried tie to get out Her He brother brothertried brothertrie brothertried
tried trie to reach her but failed fale Their screams screamsbrought Icres Icreshrought screamsbrought
brought neighbors to their thei aid and the theboy th theboy
boy 0 who had hO run out told tld them hli hliMister hllsilIer liiisister
Mister silIer was WI inside Firemen Flremtn extinguished extinguishedthe extngulshe
the names fames flames and a search lerch of the ruins ruinsrevealed ruinrevelf ruinsreealed
revealed revelf the charred chare body bd of the girl in the therear therear therear
rear of the house houseCARRYIXO hOUe hOUe4RR houseC4RREIXG
CARRYIXO 4RR O CAXADIAX GRAIN GRAIXljut ORA GRAINLast 1 1lot
Last lot Seasons TraffIc by b American Allrlcan Vrtielt VrtieltHmalleit ulll ulllHmaUtt easei easeimaltest
Hmalleit HmaUtt on Rrcord RrcordPORT RrcordIORT RecordPony
PORT ABTHHR Ont Ont Dec 00 10 10Accrlng 10Accrlngto 10According 10Accordingto According Accordingto
to statistics statstC just jUt issued 18ue the grain ship shipment shlpmenls shipmnonts
ment from the elevators fleatol here hor and ald at Fort FortWilliam For FortWilliam
William Wilam during the past pt season Ben amounted amountedto amounte
to 167J8eoo 18 7MD 738909 bushels bushelsOnly bU8helsOnly bushelsOnly
Only Only a million mlon bushela bushel of this grain gan was wascarried WI wascarried
carried by American vessels neels to Buffalo BuffaloThis BuffaloThis
crr Amercn Butao Butaofhls
This is the tle smallest smalet amount aount ever taken takenfrom taken takenfrom
from the Canadian Cania head he of the Lakes Lke talen talenfrom in inAmerican InAmerloan inAmerican
American bottoms botoms The largo number numberof numbr numbrof
of new Canadian Cnaian boats bat being bng operated oprte on onthe onthe onthe
the Great Lakes Lke is I given gven aa 8 the cause causeFrlico cse cseIllc causeFrisos
Frlico Illc Line Lne to Enter Eter New Orleans OrleantAUSTIN Orleae OrleaeAU8TN OrleansAuSTIN
AUSTIN AU8TN Tex Dec De 10 10The The Frisco Friscorailroad Flc Flcrailoa FrlsooraiLroad
railoa railroad will wi build buid a direct diet lino 110 of railroad railroadfrom raira railroadfrom
from Houston Houtn to a connection cnneotln with its itsproposed It itsproposed
proposed propos New Orleans Ole line lne In Louisiana LouisianaThis Luiian LouisIanaThis
This purpose pupae was 8 made me apparent appaent here to today t today ¬
day dlY by the filing flng for record rer In the Secre Secretary Se Setar Seoretaryof ¬
tary taryof of States StatcsoMc Statosomceof office of the ie charter chatr of the theHouston theHoustn theHoUston
Houston Houstn tar Beaumont Beumont and Northern Norther Railroad RailroadCompany Riloa RailroadCompany
Company mpany The Te board bard of director dietr are areFrisco ae aeFIHc at atFrisco
Frisco men The company has h also oo oolulred a noquired
FIHc a
quire quired lulred all ni of the te logging cmpay railroads ralloaf of the theminals theKlrbr theKirby
Kirby Lumber Company aggregatng aggregating abut about
1 150 mlt miles of trl tra6k Including etensive extensive tot terminls totminals
minals minls at Beaumont BeaumontCotton BeaumontCoton BeaumontCotton
Cotton Coton Swell Swell Our Export ExportThe Eprtl EprtlThe ExporlThe
The Governments Goermentl figures fgrI as 1 to the ex exports expor oxports ¬
ports por of domestic product prolc for the month monthof
of November NOIonlbr including breadstuffs bradtuls cattle cattleprovisions ctll ctllprOllols cattleprovisions
provisions prOllols cotton coto and mineral minerI oils oii shows showsthe BhoBthe showsthe
the phenomenal gain gi over the same sam month monthof
of 1902 102 of 34803454 484M This Ti increase Inorl is I al almost aimOt almost ¬
most mOt wholly wholyaunt accounted for by exports expors of ofcotton ofcotton ofcotton
cotton which whi increased InorRd 132653200 1 t 20 The Thetotal Te Tetotal Thetotal
total for November Novmbr was W 106826202 10862 Ex Exports F Fpor Exports ¬
ports of domestic domestc products proucta for October Octoberwere Octobr Octobrwer Octoberwere
were por 103233644 103214 showing Ihowlng a gain for No November Novembr November ¬
vember wer vembr of 2592568 59M For tho eleven elevenmonnths elen elenmonnths elevenmonnthe
monnths to date these thes exports exporl are ar valued valuedat 1alued 1aluedat
at 1728 726204854 as compared cmpr With t44O323 644023237year 644023237 644023237year
year arago aragoRelnlt ago agoBelniUtal agoReIntted
BelniUtal Relnlt by b Stock 8too Bechance BechanceJ Ecanle EcanleJ
J C Kilbreth Kbrth was W reinstated rlntted yesterday yesterdayas yseray yserayS
as S a member membr of the New York Stock Blo Stockchange Ex Exchange 1 ¬
change Several 8or weeks ks ago he was sus suspended BB BBpnded enspended ¬
pended from lrm membership memblhlp because bcu of an anunsatisfied anuntifed anunsatisfied
untifed unsatisfied pnded claim against ajaln t him personally personallynrewented ponal peteonallypresented
presented prntd to the te Stock Bto Exchange Ecl by the theon then thefirm
firm n ot Hon Harrison 4 Smith 11 The dealuton dealutonofhi djeaolution djeaolutionofhis
ofhi ofhis f firm KUbrlh Kilbreth 4 Far Farr was a anonod anonodon announced announcedon
on the same day dy It I is I understood undelto that thatMr tat tatMr thatMi
aiat against Mr Kilbreth Khrth hi Wr has ha now settled Itld the te claim claimagainst ellm ellmaiat claimagainst
FINANCIAL I
n n nOrer
Over Threefourths of the Total Issue of 3000000 3000000Bonds 300000Dl3ond O OBonds
Bonds having been sold oId to Investors Invesorl we offer subject subjectto
to sale the unsold unlold balance of
600000 600000PERE 600000PERE 600000PERE
PERE MARQUETTE R R1 R CO COLake COL COLake
Lake L ke Erie Detroit River Division DivisionFirst DivisionFIrst DivisionFIrst
First FIrst Lien Len 4 42 Per Gent Gold Bonds BondsSecured 1t 1tcuud
Secured Sued cuud by deposit depot of equal amount amout total issue iu of First fit Mortgage MortgageGold Mor MorGold m mGold
Gold Bonds Bds of Lake Lke Erie Eie and Detroit River Rivr R R R Co CoIssued C CIssued CoIssued
Issued at 15000 per Mile MileHalfd Mie MieUaltd
lIsted June 1 1KB 19 Due August t IMJ Ia Intrirst payable alr February Febral and August AUlut la II New York TctkApplication YorkAppileatloa ork orkAppUcloa
Application AppUcloa will 11 be b made to list Ist tbrst bond bon on tfevr 7ew ew York Slock Stok Exrhintr ExrhintrEARNINGS E1ltanrt E1ltanrtEARNINOS EzcungeBARNINOS
EARNINGS AND EXPENSES EXPENSESAc
Aa officially ofcaly reported reprted tor year Jear ending endln October 31 J 1903 1903dross 9J 9JOro1 1 t tOross
dross 1125102147 11251021477943UQ82
Earning EarningOperating 1251217 1251217OprtD i 1f
OprtD Operating Expenses Epnscs aid Taxes TaxesNet 7943UQ82 794082Not i iNot
Not Earnings EarningsInterest O 33083005 s33084S063Interest JJ8J0 J JInterat
Interest Interat on Bonds BondsSurplus 176796077 i7679OO77Surplus 7679 7
Surplus Surlus 1 184041988 184041988me 150988Te
me Te act Df earning umnr of the Lake Erie Frt A Detroit Delrl River Division 111lon tor the Ihf four fOlr month ending endll October OobrSt OobrStWer Ocloberllat Ocloberllatwere Slit SlitWere
Were Wer lo CICCM nC of tbe interest Intrt coarse cbarles charges for the he entire enUr year flU on the Issue of o IsccoCCO lcC bond hnds cloaed elod Inert mortgage Inertgage or ¬
gage and nd In addition additon thereto therto the bond bnds are lre a direct obligation obUraton of the Pert Pel MarqueUe Maruell Railroad nalrd CoVj CoVjwhich co cowlllh Cowhich
which wlllh U I paring plnr dividend dlllenC at tbe rate of 4 per rent ot on Us ls entire capital rUIHII stock of o 12407700 12407700THE u 124687700TIlE e 770
THE mE PERE HARQUETTE MARQUEE RAILROAD RAILIOD IN 11 AN IMPORTANT SYSTEM UlTH SERVING SEVINn NEABLT NEABLTEVERT NFRLl p pEVERY
EVERY EVEt LARGE CITY CI IN THE TE STATE OP MICHIGAN IICWAN AM ANI THROlflll TIROHI TRACKAGE TRCKOI AGREEr AGREErMEKTS AGRE ar arMENTS
MEKTS ME RECENTLY R1EIY MADE WITH 1 THE TlE LAKE LKE SHORE 1nORE AND HlrlllOAN 11e8mAN 8OHTBKRN SOtEN AKD AKDMICHIGAN A2DSIICIIIGAII D Dlucmo
MICHIGAN lucmo CENTRAL OEAI RAILROADS M 11 A TRUNK TUK LINE INE FROM FIOM CHICAGO CUCAGO TO OfFFAIO OfFFAIOTHE DtIFO DtIFOTHE u1 u1THE
OPERATION IS OVER 320O 320OPRICE 4
THE TOTAL MILEAGE InLOE UNDEH UNDE OPERATON OEl 220 220PRICE I Ii1ct
i1ct i iPRICE
PRICE 101 1 0 I AND INTEREST INTERESTN INTERESTN j jN
N W Harris I Co CoBANKERS CoBANKERS CoBANK13RS
BANKERS BANKERSCHICAGO BANKERSPloe
Pine Street Str Corner CrDcr William WilliamNEW Wiim WiimCtUCAOO WilliamctucAao
CHICAGO NEW YORK BOSTON BOSTONWe BOSTONWe 5OSTONWeOffer
We WeOffer Offer Ofer I I
500000 500000Illinois 500000Iinois 500000Illinois
Illinois Iinois Central I Railroad Rairoad CoMain Co CoMain CoMain
Main Line Extended First Mtge 3i 3 Gold GoidDonds GoidDondsAt Bonds BondsAt
At t 98 and Interest InterestDated 4 4listed
Dated April Aprl 1 1OT3 11 due April Aprl I tfl tn tnltrrst Ihlcr8 parable frable April Apll and ald October OctoberSecured Obr ObrIcu OctoberSecured
Secured d b nnt the main line of the railroad miles together wfb valuarle valuarleterminal nlusvieterminal
Icu by mortcare morrare upon opn lalo lne rl rl 716 7 p mlt wb ulle ullelerlnl
terminal lerlnl property rprl In Chicago Cllul and nd Hsewhete pltwbPe This hla mortcare morla e Is Homed 1UI d to II JIlOCOOCKr ISeO ts000Ot all a ouulaadlnr ouulaadlnrThU olulucr olulucrTbl
This Tbl company compny has raid dlldrnilt dlldtnd trtulaKy rrrulry ihraur lhrl 1 mod rno time Inc and ad bad Iron lr lfS lfSTHE 1f I45ruE
THE E GROSS OIOs RECEIPTS RECEIP OF ISlE lE lee MILES COVERED BV THE FIRST FRT MORTGAGE MORTGAGEAMOUNT MOIGE MOIGEAOUS 1 1AMOUNT
AMOUNT AOUS AI AI MOSS < ONE K TO HUnt THAN TS TUB TUt ENTIRE ETIE AMOUNT AHOt1T OF BO BONDS OtTSTANDINr OtTSTANDINrTHEREUNDER OtT1IU OVTTA1D1NGIHERIIVNDFJt G GmBENDER
THEREUNDER mBENDER AND 51 THE TUI NET NEr EARNINGS ERNINGS TO StORE THAN THA far 2 OF THE EVTtRE DTE DEBT DEBTSECURED DIT DITECREI DRNECURRI
SECURED ECREI BY THAT TAT MORTGAGE MOR1AGE AND A NEARLY NINE TIMES Tun THE I ANNUAL ASU INTEREST INTERESTCHARGB rT rTCUABGS IT4rTCHAE6
CHARGB THEREOF THEREOFLE1IA THERFOS THERFOSLE TI1ERFOLEiIt
LE1IA LE 1 INtfE I 1NE5T1ENT fTMKNT tNT FOIl Ol NKW NI W YORK OIK UASSAOHUSmTS UASSAOHUSmTSCONNECTICUT UASSACBUSt j jONNl1C1lCUr
CONNECTICUT OSICT MMSB SP SEW ew HAVPSIIIUli IAPIIIHU ASP St > NKW srw rtt IKKSrV IIrV slMi3 1 IUUTK3 IUUTK3Orders IA1fU IA1fUOrders SAJSUOrders
Orders will wi be filled fled according acorioi to priority prioriy of receipt receiptHarvey recipt reciptHarvey reccipHarvey
Harvey Fisk Sons
29 NASSAU STREET NEW YORK YORKW
W POST PST OFFICE SQUARE BOSTOV
SHERIFF SHERlF 1 IV LEATHER HOlSK HOlSKJatttmrati lllSJ1 110 USE USEJudgments
Jatttmrati dndmft Against Alalns Myrn Mfr Gordon fionlonIJibllltlei UordonUablUel GordonLiabIlIties
IJibllltlei UablUel Put Pt at itooooo itoooooSheriff S200000Sheriff ZOOO ZOOOShlrl
Sheriff Shlrl OBrien OBren has put a keeper keper in the theplace Iheplace theplace
place of busln0s business carried on under the thestyle thestyle thestyle
style of Myers Myer A 4 Gordon leather leal her commis commission com commnlssion ms ¬
sion merchants merchant at 42 Spruce street slrel on oxe execution oxecutions ¬ I
cution culoM aggregating aggregatng 16078 108 two in favor of ofthe ofthe
the First flrt National Natonl Bank for 146D 46M and ono onoin onoIn onein
in favor of the Marine Marne National Natonl Bank Bnk of ofPittaburg orPitlburg ofPittsburg
Pittaburg Pitlburg for 11382 1382 The executions eXtcutlol are areagainst areagallt areagainst
against agallt tho ho joint property of Marshall farhal B BWillcox BWicox BWilicox
Willcox Wicox and Ephraim Ephrim 8 Hamblen who whowere whoere whowere
were ere the partners prner under the old firm frm style styleof Btyleor styleof
of Myers Myel 4 4 Gordon Mr Hamblen was waanot wasnot wasnot
not served with wih the summons and it is II said saidthat sid sidthat saidthat
that he has not been ben connected cnneled with the thebusiness IhebUBlnt thebusiness
business bUBlnt for several sevfrl months Judgment Judgmenthave Julgmentshave I
have been en obtained obtlne against againt the firm Ihm by bythe bythe bythe
the Commercial Commerci Bunk Bnk of Tituaville 1tusvle for
13418 3418 by the Nassau NaBsl Bank of New York Yorkcity Yorkcty Yorkcity
city cty for 1257 2574 and by the First Firt National NationalBank Satonl SatonlBank NationalBank
Bank of Allegheny Alegheny for 11543 151 It IB said saidthat saidthat saidthat
that that the firm frm indorsed Indore notes for leather leathercompanies lether lethercmpnne leathercompanies
companies in Newark Chicago Chicgo and other otherplaces olherplac otherplaces
places cmpnne plac The liabilities labitf are reported rfported to be beupwards beulwards beupwards
upwards of 820 200000 200000Emtlio 200000Eznilio
ulwards Emtlio Emio Vigna Vlgnlmtracr contractor of 322 East t 114th 114thstreet 14th 14thftrt 114thstreet
street ftrt has filed fled a petition pttion in bankruptcy bankruptcywith bankrplcy bankrplcywith
with liabilities Ilbltf 41123 11123 and ald no assets alts Ho Holiecame litbecame
became ago beame financially fnncialy embarrassed tmbrrafe three yearn yearnago Yfars Yfarsago yearsago I
agoJudge Judge Holt Uol of tho United Unlt1 States StatO District DistrictCourt DiKtrlcturt Districtcourt
Court < urt has ha granted grante a discharge dicharge in 11 bank bankruptcy bnk bnkruptoy bankruptoy ¬
ruptoy to Jerome Jfrome B Wheeler Wheltr promoter of I
25 Broad street who filed Iled a petition tlUolln in bank bankruptcy bankrptoy bankruptoy ¬
ruptcy rptoy on July 3 1901 191 with wih lablt0 liabilities of ofl5 of115l69
115l69 l5 1596594 fl6M and assets le 1611 457617 Mr Wheeler Wheelerwas Wheler WhelerWa
was formerly formely a merchant merehant In this tbR city In InlsSShe
Wa 1888 lsSShe he went out to Colorado Cloro where he be became b became ¬
came cme 18 Interested Interete in mining Inning and fnd banking bankingO bnking bnkingO bankingNO
NO O INDICTMEXT INDICTIE T AGAINST AGA1ST KING KIXGThe K KINGThe O OThe
The Man Mln Who 10 Shot Slot a Cornell COrDlU Student Go Gol GolSct Goes GoesSoot i iSoot
Soot Sct Free FreeITIUCA Fre FreITHACA FreeIviucA
ITIUCA Dec 10 10Dlanoy 10Delanoy Delancy M King the therecluse therolus therecluse
recluse rolus who shot John C 1 Tracy Trcy of Hudson Hudsona Hudon Hudona
a junior in Cornell Conlcl University Unhcraly aa a ho howas howa hewas
was wa trying to get some boards borl from Kings Kingspromises KlngBprmas Kingspremises
promises prmas tryng was Wi today toar sot s t fro frel free tho Grand GrandJury Ornd OrndJury GrandJury
Jury of Tompkins county count having invlg found foundno
no indictment Indic mont against him Tho tutu students HtUdents tutudents ¬
dents are ar indignant because baul King Rln was wasreleased Wa wasreleased
released Indinant King lives Ihel in the heart of ofths ofthe ofthe
the releMe city Ho le and members mcmbm of tho Phi PhiGamma PhiOamm PhiGamma
Gamma Oamm Delta Dela fraternity lratfmly whose whC lions h0J is isnest Istext Isnext
nest text door got into trouble over oler a 1 high highboard blghbor highboard
board line fence fen and Tracy Tac was la after worn soinboards J Jbors i iboards
bor Ino
boards which had blown over Oler on Kings Kingslot Kigs Kigslot Kingslot
bors
lot when ho was shot by King He was wastaken wastaken as astaen
taken taen recovered recoveredGr rcOred recoveredOrngers to the Cornell Corol a Infirmary Inlrmr and anr fully fullyrecovered tuly tulyrcOred frillyrecovered
i iOrJner
Gr OrJner Orngers mer lo 0 Fight Fsht for Pure P11 Food Laws IAWIWILKESBABRE LawsWtLxEsBAn5E
WILKESBABRE WtLlBIBARRE Pa Doc Dc 10 IOThe The State StateGrangers StateGranger StateGrangers
Grangers Granger in their convention onventlon here her today todaytook toaytok todaytook
took tok active acive measures mCur t tl to > fight fjt the effort etor to torepeal torpal torepeal
repeal rpal the pure pur food foo fltd ald dairy dair laws lawl of tho thoState tho8tte theState
State Every grange In the State Btatt was wascalled waBcle wascalled
grnge
called upon to compel ompl the tho Legislative Legislativecandidate Lglelathc Lglelathccandidte Legislativecandidate
cle
candidate candidte upn in Its It district disrc to pledge plege himself himselfto hlrlf hlrlfto
to support tho laws The To pure food foo com commlmloners om ommiMlonerl cornmLssioners
mlmloners miMlonerl uppr were wert also als requested rtqueed to continue continuetheir cntnue cntnueIhelr continuetheir
ution of the violations violationsof
their active aclv prosecution proo prcee uton vlolatonf vlolatonfof
of the lawn lawnIxuililtnal lawl lawlIAullana lawsLouisianas
Ixuililtnal IAullana Flint Fsht on Boll Dol Weevil WeevilNEW WfeI WeevilNEW
NEW OnLKANS OJLAN Doc 0 10 10Tp 10The The Louisiana LouisianaLegislature lullana lullanaLgilature LouisianaLegislature
Lgilature Legislature met in extra extr session lelon today today to toconsider tocllder toconsider
consider cllder the cotton coton boll bol weevil wft1 danger The Thecall Thl Thlcl Tirecall
call cl was i issued IMue by b the Governor Oovtror at the re request rl rlqUet request ¬
quest qUet of the New SlwOrpanl Orleans Cotton Coton Exrhango Exrhangoand Frhanlf Frhanlfand Exohangoand
and the Louisiana Lu la Cotton oton Growers Growlr Associa Association Alton Altonlon Assodalion ¬
lion It Is expected eJ that a boll bl weevil tnl com commission oommilon cornmission ¬
mission milon lon to order cet A quarantine quarantne against aglwt Texas Texascottons Ttxl Texascottonseed
otof cottonseed cottons will wi bo b created crate d orer and ad to pass pl an a Appropriation Appropriationwill pprprntlon pprprntlonwi
t o
lit j4 I
FINANCIAL J
UHU u
If I you are Interested Intersted In InBooks InBooks InBooks
Books on Finance Flnanceconsult FlnanceconsultifWai1StreetLbrary consult consultHzWallStreetLlbrary censul
HzWallStreetLlbrary HzWallStreetLlbraryWhich Wal StreetLlbrar
Which Whih to date Includes IncludesI incudes incudesThe
I The TheA A B BCof Cof WllStnti WIStrtl ft ftThe 1 J
I i The Anatomy Anoor of A Rtflrottl irAd Report Reportand Reprt ReprtAnd Reportand
and Ton Nile Mit Cost fl 1 1a
8 The Te 1 Theory Tt y of Stock So1 Speculation SpeculationW SprAtin
W 4 The A 1 C of Atns BAnt tndl An Btnk Btnking BAnAlng Bithil9
ing 125 25 I
5 TfcABC Te Tue ABC A B C of Stock Sof SpecaUUon SpeCrAUon
150 150IN 150IN 150IN
IN PRESS The L Lo Law m Reltlint Rai to toBuying fa51ng loBuying
Buying 51ng And nd Selling rlt SecattHu S cwka Through Throughn h ha
n Member of a Stock Ezcfitnge By
Mr Eliot Norton 0 Cts CtsS Ct CtS
S A NELSON Publisher PublisherRoam j jIloom
Roam 101 Park ParkPiacelwYrkCiIy ParkPiacelwYrkCiIycoMMiSSmoy Ha t w Tark City CityCOMMISSION1
COMMISSION1 IIHOKER with Mtahllihfd CtutablihedOffiCC CtutablihedOffiCCand cffltf cffltfand
and commission biulnrM seeks partner BROKER BROKERbox It1tORRbox
box 120 Nun otflcr otflcrrrrnK 0111crrens
rrrnK rens Gift lo n Naval Captain CaptainThe CeptainThe
The crew of the battleship Indians Indianswhich Indianawhich
which reached the Brooklyn navy yard on onTuesday ottltresday
Tuesday have presented to Capt W H HEmory HEmery
Emory the commander a handsome dia diamond dismnond ¬
mond jiin pin Capt Emery will soon leave leavetlm leavetittt
tlm Indiana to take charge of the receiving receivingship receivingship
ship Hancock HancockCourt HancockCourt
Court Calendar Tills I Day DayAppellate > y yAppellate
Appellate Division IttrtsIoriSupreine Supreme Court CourtMotions Molloru and andorders sadorders
orders Nos ns t e 8 9 10 11 13 is 17 it it 21 21K
K 23 21 2 2S 27 2 25 M 31 32 31 3 34 M 37 33 W 40
41 42 43 44 4S 46 46SupremeCovrt 46SupremcCourtAppi1ate
SupremeCovrt SupremcCourtAppi1ate Appellate Ttrm TermRecess Rce Special
Term TermPart Part I hMotion Motion calendar called ca510JO at
10JO A 11 Iart II Rxnarte mature Part
III I 11Clear Clear Motions Demurrer remurecrio No M4 M4Prefcrird 564Preferred
Preferred cause Xo SSWi General cairn cairndarXon calenjarNos
darXon 2354 M SOI8 73 me 2M IllS 3I 3165 S J170 J170VH
2945 VH 9012 2408 2139 247 2718 2740 340 aooi 3001 3001DOM
DOM 3102 3142 3170 3171 2715 H6S 23M IllS fart fartIVCaw PartlVCsse
IVCaw unflnUhed Caw from Part III Part PartVCase PartCase
VCase Case unnnlJhii Cnjm from Part ill Pan
VI No day calendar calendarTrial calendarTrial
Trial Term TermPen Part II Caae sac unfinished Short ShortCaiwesXos ShortcMIResNos
CaiwesXos 12412 1M5H 13230 13709 12144 1137 113713M3
13M3 11077 IIWJ 110 11045 121M 11MOJIBM 11575 1CS7 1CS71282J 3
1282J 12H24 12 lVui 13341 1221 12170 1S4M M07 ew7234i1
13431 I14S4 ISfiOl 1S5IS 13SSX 13004 I8S8S t85 1MTJB 1
13717 13781 13597 13732 I17M Part III IlIcrear IlIcrearNoul clear clearNo
No Noul 40iS 4O eon silt 4137 31RH riO 37M I9M MM
3100 3318 3912 SOW 4023 40234 > i 4032 13034 278S 2160 216037M 2150ent
ent s7 l55 2340 1543 KI7 27fl 1512 54 Sill t
37M 37S1 3782 81I site SIM Part IV iVCsse Caw unfin unfinished ¬ 5 5laCed
laCed Caic from Part III Part V Judge to torharic toebarre
rharic Caws from Part III Part VI iCiear iCiearCatq Clear ClearCases
Cases from Part III Part VII VIiCanc Cas unHnlshed unHnlshedCavsfrnmlart UnflolatcdCas
Cavsfrnmlart Cas from Jart 11 Part VIM Clear InqueM InqueMNo
No WHS Nos item 3024 4009 2S 2519 K702 IXB IXBI300D
I300D IK29 I3IW l2i 13917 I32M 12901 12M7 HOOO 15loixte
1300 ISOJ4 I307B lTCWt I3U1 13123 11144 IU14
3477 Sine 4016 3742 1I4SS 11444 2X73 2874 74 74S4M 1 1ales
ales 3470 34U7 3A1S 3 3attt l8i 11711 11712 378 3756 1231 1 I
340 Part IX Adjourned until Monday D Dee e 21 IiISO
ISO Part X XCMe Case unflnlshcd Cases from Part PartVIII Paitlll
VIII lll Part XI tlCaae Cae unOnlahed Cu Cases a from fromPart frorciPsti
Part VIII 1Il Pnrt xii Adlourned until Monday MondayDec 5toeda11cc
Dec II 1003 Part MilCov unnnlxhed Cases CMtfrom CasesfrnmpartVlll
from frnmpartVlll Han VIII l 5l 5lSurrogates t tSurroeal
Surroeal Surrogates Court ourtChambsrsMetIon Chamb r Motion calendar calendarcalled ostendircalled
called at mso l0 A M For probatemils probate Wilt of Cath Catharine Cathattflt ¬
arine JajiM Mary A t Tllmrn Kmmellne Darton DartonKdward Daytocldward
Kdward I Manning Sarah nrenan Nathan NathanSonnfterr sthatSonneberg
Sonnfterr KrfderlcU Wlnliler Jacob Lobo Patncu PatncuCowan PatriceCowan
Cowan ut 1030 A M Nathaniel N J DurcbelL at
2 P M Trial Term TermNo Nn day calendar calendarCity calendarCIty
City Court ocirlSpeetsi SperM Term TermCoon Court open at 10 10A InA
A It iloilons Trial TermPan I Onae tin tinflnlnbed onftniabrd
flnlnbed Nos oe lOSS 1922 IBM iP24 524 1810 1011 IK4 IK4Not
1921 lM I5il 1542 Nrt iCuc unSntahed unSntahedNeC
Not 1SB3 IIDI M2 IMJ KM t 1575 75 till 161 1900 1601tIn
1100 tIn 1077 in 1078 I20 191 1 11113 > 3 1738 HV3 1410 1402 140218H 1402Isit
18H Part IllClrar Soil sos 1370 liw 1157 iM3Vf iM3VfI07
I07 101915 i ISiS 1813 1813 941 4 > Iart IV IVC24T Oar abort abort20W ort ortesuwe
esuwe so l0tt 1915 1U4 5201 433 COSt COStr053
r053 50S4 Part Cw unfluulihed Nos 041
20W 1222 17M 17M ll IT91t n 1073 2074M S0 2 M97 M972fiM Iu72flGt
2fiM 1790 ItW 2012 20 2035 2100 2101 2102 J10 2160 21M
2101 2100 2107 2IM 3ii 2IW 2t 2110 2111 2112 211 frI 2114 21142IIS 2114IllS
IllS illS 211 2117 2ll 2115 2110 2120 2121 2121Court 2121Court
Court of Appeal calendar CalenilarALBtKT calendarAL5ANT
ALBtKT Dec 10 10thurt Court of Appeals eateadat eateadatfor essdarfor
for Friday Dec U No roe Hf 4A US u4 IM
11 11i
i

xml | txt