The times dispatch. [volume] (Richmond, Va.) 1903-1914, February 08, 1903, Image 11

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The times dispatch. [volume], February 08, 1903, Page 11, Image 11
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume] (Richmond, Va.), 08 Feb. 1903. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn85038615/1903-02-08/ed-1/seq-11/>

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CONFLICT
OF FORCES
Animated Strength of Wabash
Made Poor Showlng.
CLOSE F1R/H AND ACTIVE
Publicatlon of Bank Statemont Caused
Such a Declino That Demand for
Shorts Oaused an Effective
Rally?Bonds Irregular.
<Hy Asuoclnted I-rens.) ,''?',
NEW YORK, Feb. 7.-Tho animated
strongth of tho Wabosh securltles In tne
stock market to-day contested for a pro
valllng lnfluenco wlth tho vory poor show?
lng mude by the banks. Tho Influonco of
the bank statoment was lesscned V* tne
notorlous.easo wlth whlch loans can now
bo obtalncd. It Is well. undertsood also,
that tho Btiitemont wlll be compllcated.
by tho chango ln tho capltal account or
tho Western National Bank, due to mer?
cer oporatlons. lt ls estlmated that tne
loan account ls oVersDatctf to the extent
of moro than four mlllions by thls ad
justmont. Tho loan expanslon ls stlll
left ot a largo llgure, and it ls belleved
thnt somo of the effect of the $8o,000,000
Pcnnsylvnnla loan oxpanslon ls thrown
over from last week. Tho J7.234.SOO declino
ln cash rescrves ls more than twlce as
much as wqb Indlcated by tho known
movements of money. The {3.000,000 pay
ment to the BUb-Treasury on account of
'the Central Paclflc noto was mado Iast
Saturday and bo ngured for a full week
ln tho avorages.
The sharp rcactlon ln prlces whlch fol
lowcd tho publlcatlon of the statement
dovclopcd so large a demand -from the
short sellers of yesterday that an effective
rally followcd, and the market closed ac?
tlve and flrm. The Waboahes were th?
features of the market. The movement
was apparently based on tho news of tlie
steps taken towards consolldntlon of the
control of tho branch llnes whlch are de
algned for tho Atlantlc outlet for tne
Bj-Htem. Other members of the Gould
group wero strong ln sympathy and were
hclped by tho MIssourl Paclflc showlng of
an Increaso in gross earnings for the
fourth week In January of J303.020, or
more than 23 per cent. ns compared wlth
tho correspondlng week of last >'ca,r;
Wabosh preferred rose an extremo 3jfc
ln the lato deullngs. The dobenture Wb
bonds were also in largo demand. Asin
gle sale of Burtalo, Rochester and Pltts?
burg at an advance of 9'4 over yesterday
attractcd attentlon. Sugnr was run up
a polnt ln tlie flnal deallngs.
Thero has been eomo broadenlng ten
dency In tho bond market durlng the
week, but tho price movement has been
rathcr irregular. United States G's de
cllned % and tho Ve. coupon. % per cent.
Tho new 4's. reglstered. advanced Vi per
cent. as compared wlth tho closlng last
week. -'V. ??' '?.?'?
The total sales of stocks for the day
wero ?03,200 ahares.
MONEY AND ErXCIIANGE?CLOSE:
Tlme money, Bteady; slxty and ninety
daya, *tV& per cent.; six months, 4Hqh*S
per cent; money on call nominal, no loana
to-day: primo mercantlle paper, 4y-,05 per
cent. Stcrting exchanRe steady with act
ual buatnca in bankors" bllls at J4.87.25 for
demand and nt H.S4.U5S4.81.25 for slxty
day bllls; posted ratcs. $4.85 and $4.88;
commerciil bllls. J4.S3&04S4. Bar sllver.
47%; Mexlcaa dollars. 37H- Government
bonds steady; railroad bonds Irregular.
WEBKLY BANK STATEMENT.
NKW YORK. Feb. 7.?The statement of
Clearing-House banks of thls clty for the
week shows:
Loans, ?924,95S,C00; lncrcaao, 130,447.900.
Deposits, S94O,lS0.1O0: Increase. 18.401.200.
CIrculntlon, 144,175.700: decreaae, $1,003,200.
Legol-tenders, $75,'57>,900; decrease, $2,
677,009.
Specla, $178,014,800; decrease, $U5,G57.200.
Rescrves, $25.'!.{>S0,700; decrease. $7,234,800.
Reserve rcquired, $236,045,025; Increase,
$2,100,300.
Surplus, $1S.545,545,C75; decrease, $9,335,100.
Ex-United States deposits, $28,567,075; de?
crease, $9,335,500.
THE EDITOR'S VIEW w
An Interesting Summary of the Situa
tion by the New York Evening Post,
<Spcclal to Tlio Tlmes-Dinpatcli.)
NEW YORK, Feb. 7.?Tlie Evening
Post ln Its weekly revlcw says:
To-day's bank statement was had; that
ls to say It showed a loss ln cash and a
loan expanslon much greater ln both
cases than the market had expected. As
a result of the seven million decrease of
cash and the twenty mllllon addltlon to
tho loau's surplus rcserves are reduced
19.335.0OJ. A closo examinatlon of the
statement wlll, however, show that the
. weck's loan expanslon Is not wholly of
tho ordlnary character. In other words,
the Increased loans do not reappear ln
proportlonato Increaso of doposits.
Thls suggests what is probably the cor
rect explanatlon. that tho Wcstern Na?
tional Bank's operatlon wlth Its capital
has played some conslderable part. lf
the seven odd mllllon Increaso of capltal,
under the merger, was affectcd by that
much lncrcase ln bank loans, then the
loans would, of course. affect, not the de
poslts, but tho capltal account. It ls
probablc, however, that other lonn opera
tlons llgured also ln the statement.
As for the J7.234.OO0 decrease in cash, lt
ls to be remenibcred that last Saturday's
return showed on its fuco an lncrease ln
speclo and legal tenders two or three
mllllons largcr than the facts had war
ranted. Even wlth thls allowance, how?
ever, lt must bo admitted that the flgures
are slngularly large. Surplus reserves
aro stlll sllghtly above those of a year
ago, for loans Increased and cash hold
lngs decreascd then also. Wlth that ex
coptioh they are agaln tho lowest for thls
date ln llfteen years.
Very little Inlluenco was exerted on tho
market by tho statement. Prlces had
been uncortaln, wlth some irrcgularity,
untll the return was puhllshed. They
ylelded sllghtly on Its publlcatlon, but
rocovered beforo the close.
Whnt most Impresses tho thoughtful
watcher, as hls eyo scans tho financinl
horlzon of tho moment, ls tho Berles of
Indlcatlons that thlngs whose tendency
con bo dlstlnctly seen aro worklng fav?
orably. Thls does not menn. ot course.
that there ls nothlng from whlch may bo
drawn an argument of potentlal dxngor.
A sltuatlon wholly freo from such pos
Blbllltles ls raro, If not lnconcelvablc, aud
the existing sltuatlon enjoys no pnrtlcu
Iar lmmunlty. lt ls qulto reasonable to
argu'e tlmt labor difflcultles may recur,
that corporatlon expenseB may cnt heav
Ily into corporatlon proflts, that gold ex
Sorts aud tho Panoma settlement may
erange a futuro money market, or, as a
flnal Kupposltlon, that tho harvests may
turn out deflclent.
T.hoso aro all posslbllltlos, but as yet
they aro nothlng more. It may, lndeed,
bo further sald that tho prosent outlook
does not show, by any of those automatlo
slgnals whlch aro tho safest guldos, np
prohonsloh that such devolopmonts are
near. Comlng evonts may bo embraoed
ln the foregoing Ust; If so. thelr shadows
have not been citBt ahead of them. Or
ganlzod labor ls qulot, and for obvlous
reasons. probably wlll remaln so untll the
,, end of wlnter. Corporatlon earnings,
l? ? while aomowhat conlllctlng ln thelr char
?t aoter, hardly as yot boar out even tlie
more conservatlve mlsgivlngs. In tho
rnonoy markot not a rlpplo of dJsturbanco
/ls vlslble. For tho harvests, lt ls too
' i early, to draw any deflnlte ooncluslons.
/ Wall Stroet Is not woll pleased at the
/ Inertla on tho Stock Exchange. Slnco thls
Involvea commlssloiis and proflts. tho nt
tltudo ls not aurprlslng. It ls, however,
ratlior oddly charaotorlBtlo. Two months
ago tho Stock Bxohango was foromost ln
i esprosslng tho wlah for exactly what has
happened. Even tho lcaders of tho wlld
Ootoboi* pcrformonoes, It wlll bo romem
? bered, left tho mossage, on thelr dopart
ura from tho scono, that tho best thlng
ror tho stook market was a period of rost.
The prayor ls grantod, and at once the
unanlinoiis complalnt nrlses thnt some,
thlng must bo wrong. Tbe faot. however,
la thnt Wall Stroot was wlsor ln Decem?
ber than 1t ls In February. Jf all tlie
above-namod n'egutlvoly fayornhlo slgns
were present, but woro acuompanled by
oxoitod spoculntloii on the stock Ex?
change. experlenced watch'ors would
tnko a vory dlfferent vlew, Absenoe of
such Inliatlon of the maohlno of oredlt,
wlilla the govoriiing Uiiiuoncoa of tho
THOMAS BRANGH & GO
(KSTABL-ISHED 16U8.)
MEMBERS /
New York Stock Exohange.
New York Cotton Exohangt.
PRIVATE WIRES TO
PRINGIPAL MARKETS.
Inveslmenl Securities.
future aro ns yot only cautlously unfold*
lng, Is by far the most encouraglng port
of tho wholo sltuation.
At tho present moment lt Ib qulte use
less to guess how soon a chango ln this
rcgnrd wlll como. Thero Is a good deal
of'truth ln tho maalm that capital Is con
stnntly accumulatlng ln prosporous tlmes,
and that tho lnvestment market ls its ln*
evltablo outlot.
The bighly Interesting problem whlch ls
worklng out at thls very hour of aoemlng*
ly apathy Is the relatlon of supply to de?
mand in securities, or, to put it another
way, tho relatlon of productlon to con
stimptlon. It wlll be rcmembored that
oVory contrlbutor to tho symposlum on
tho flnnnclal outlook Docembcr 31st agreed
that supply ln thls Held had outrun de?
mand. Productlon has, howover. vlrtual
ly como to a stop durlng tho throo past
monthB, but power for consumption haa
nece?sarily ' Increascd with accrulng
wcalth. This power would undoubtcdly
have dlsplayed Itself ln a strlklng way,
but for a fact that Is commonly ovcr
looked. In reallty, lt was tho outside
publlc whlch was called on to take and
provlde for tho hugo mass of lnvestment
stocks whlch sllpped from the hnnds of
tho "western pool" when tlio banks re
called tholr loans. |
NEW YORK QUOTATIONS.
QUOTATIONS FURNISHED THE TTMES
BY SCOTT &. STR1NGFELLOW,
BANK.ER8 AND BROKERS.
1102 E. MAIN STREET.
Op'n. Hlgh. Low. Cl'e.
Atchlson . 87% 8774 87% 87%
Atchlson _pfd . 100% 100% 100% 100}f
B. and 0.101% 101% 191% 101&
B. and O. pfd . 90% 9C% W% 9S%
B. R. T.. 08% 68% 08% 68%
Oan. Pac.137 137 130% 13C%
Can. Southern . ,. ... 74
C. and 0. 52'.4, 5244 51% 52%
Ch. G. W. 27% 27% 27% 27%
C. C. and St. L. 07
Col. and Southern .... 30 30 30 29%
C. and S. 1st pfd pr. 70%
C. and S. 2d pfd pr.--. 45% 4f% 45% 45
Erle . 41 41% 40% 41
Erle 1st pfd . 72% 73 72% 72>4
Erle 2d pfd . C3% 6.1% C3 63%
llllnols Central .140 140 145% 145
L. and N.12C% 120% 125% 128
Manhatton .144% 145 144% 144%
Metropolltan .137 137% 137 137
Mex. Central . 25% 25% 25% 25ft
Mex. Natlonal . 1S%
Mlssour! Pac.112 113% 112 112%
M. K. T. . 2S% 2S% 28% 28%
M. K. T. pfd . 60% ..1% 60% ?0%
N. Y. Central .149"' '
Nor. and West.
Ont. West, ....
Paclflo Matl _
Pennsylvania .150% 150% 150% 150%
Readlng . 64 64% 63% 63^1
Readlng 1st . 88
Readlng 2d . 77
Rock Island . 48 48% 48 48%
Rock Island pfd . 81% 81% Sl% SIVi
S. A. L.
S. A. L. pfd.
S. A. L 4's.
St. Paul .178% 179 178% 178%
Southern Pac. C4% 65% 64% 05%
Southern Ry. 35% 36 35% 35%
Southern Ry. pfd. 95
Tex. and Pac. . 89% 41% 39% 40%
Unlon Pac.101% 101% 101% 102
Unlon Pac. pfd. 94%
Wabash . 81 32 31 31%
Wabash pfd . 4S% 51% 48% 51%
Wabash pfd ;. 48% 51% 48% 51%
W. and L E. 1st pfd. 69%
INDUSTRIADS.
Amal. Copper . 68% 69% 6S% 6S74
A. C. 0. 44%
Amcr. Loco. 29% 29% 29% 29%
Amer. Loco. pfd . 94 04% 94 94
Car Foundry . 41% 41% 41% 41*4
Car Foundry pfd. 91%
C. F. and I. . 75 75 74% 74
Con. Tob. 4's . C5 65 C5 C3
Int. Pump . 44 44 44 43%
Int. Pump pfd. 83 83 83% 82%
Int. Paper . 18%
Int. Paper pfd . 73% 74 73% 93%
National BIscult . 46% 46T4 46% 46%
People's Gas . 107%
Pr. Steel Car . 63% 63% 63% 63%
Pr. Steel Car pfd. 93
SloBS-Shef. 69% 69% 69% C7
Sloss-Shef. pfd. 94%
Snuff . 97
Snuff pfd . 127%
Sugar .128% 130 128% L"9%
T. C. and I.? 64% 64% 04 64%
U. S. Leather . 13% 13% 13% 13%
U. S.. Leather pfd .... 91 91% 91 91%
U. S. (Stcel . 38% 39% 3S% 39
U. S. Steel pfd . SS% 89 88% SS%
V. C. Cliem. . 64% 64% 64% 64
V. C. Chem. pfd. 124
Wcstern Unlqn . 90 90% 89%, 69%
BONDS.
U. S. refundlng 2's, registered. 108%
U. S. refundlng 2's, coupon .108%
U. S. 3's. registered . 107
U. S. 3's, coupon .107%
U. S. New 4's, registered. 134%
U. S. New 4's, coupon .125%
U. S. old 4's, registered. 110
U. S. old 4's, coupon. 110
U. S. 5's, registered . 102%
U. S. 5's. coupon. 102%
Atchlson. general 4's . 102%
Atchison. odjustmeiit 4's. 92%
Baltlmore and Ohlo 4's .102%
Baltlmore and Ohlo 3%'s. 93%
Baltlmore and Ohlo conv. 4's.105
Canado Southern 2d's.108J
Central of Georgla 6's (bid).I08y
Central of Georgla lst Inc. 79
Chesapeake and Ohlo 4%'s.106%
Chlcago and Alton 3%'s. 78%
Chlcago, B. and Qulncy new 4's. 94%
Chlcago, M. and St. Paul gen. 4's? 111
Chlcago and Northwestern con. Ts.. 132%
Chlcago, Ro'ck Islnnd and Pac. 4's.. 106
C. C. C. and St. L gen. 4's. 93%
Chlcngo Termlnal 4's . 84
Colorado and Southern 4"s. 90%
Dcnver and Rlo Grande 4's. 98%
Erle prior llon 4's . 9S%
Brle General 4's. 87%
Fort Worth nnd Donver Clty lst's.. 111%
Hocklng Valley 4%'s . 109
Louisyille and Nash. Unlfled 4's.100%
Manhattan con Gold 4's. 104
Mexlcan Central 4's. 76%
Mexlcan Contral lst Inc. 26%
Mlnn, and St. Louls 4's. 103%
MIssourl, Kan. and Texas 4's. 98%
MIssourl. Kan. and Tex. 2d's. S2
New York Central gen. 3%'s.104
New Jersey Central gen. 6's. 138
Northern Pacillo 4's. 103%
Northern Paclflc 3's. 72%
Norfolk and Westcrn con. 4s.101
Reading eGneral 4's...... 97%
St L and lron Mountaln con. 5's... 114
St. Louls San Francisco 4's. 96
St. Louls Southwestern lst's. 07%
St. Louls Southwestorn 2d's.,. 84
San Antonlo and Arkansas Pass 4 s.. 85%
Southern Paclflc 4's . 91%
Southern Railway B's. 117%
Texas and Paclflc lst's..116%
Toledo, St. L. and Wostern 4's. 79
Union Paclflc 4'b. 103
Union Pacltlo conv. 4's. 100%
Wahash lst's .117i4
Waboah 2d's .lgg '
Wabosh Deb, B's . 82%
West Shoro 4's. 111 '
Wheeltng nnd Lake Erio 4's. 92%
Wlsconsfii Central 4's . 91
Contlnental Tobacco 4's. j>5
Colorado Fuol con. 5's. 92%
Rock Island 4's . ,87%
Pennsylvanla con. 8%'s.................. 106
M. and 0,. oollateral trust 4's (bid).. 1)8%
Central of Georgla 2d Ino. 38%
Va.-Carollna Chemlcal Oo, com. 04%
Va.-Carollna Chomlcal Co. pfd.126
Standard Oil.743
BALTIMORE STOCK MARKET.
BALTIMORE, MD., Fob. 7.-Soaboard
Alr Llno common, 20; do. proferred, un
ehanged. Scahoard 4's, 84, Atluntlo Coust
Dlne common, 134; do. proforrod, un
ohanged,
WALL STREET QOSSIP
Wabtisli Issuea Very Strong?-Talk of a
Dlvidond on Sloss-ShefTleld.
(Spcclal to Tlio TlDjou.nun&tcli,)
JTOW YORK, Feb. 7.-Thoro has been
no myst'ery ln tho absenee 'of James R.
Koono from the street. Every brokor
knew for tho past two "woeks that he
was not at hls offlce, and, no attompt waa
made to kcbp thls fact a s*norot The ab*
sence of Mr, Keono from hls office flOM
not necessarlly mean that fio ls not ac?
tive ln tho market. He h?s a ttckbr closd
ftt hnnd at the Waldcrrr-Astorla, and ft
soro knoe does not koop hlm from itslng
a tolephono. Tho attompt to mnko n sen*
sation out of hls lllness waa an abfiolute
fall u rp.
ROCK ISLAND:
Thoro ln llttlo rcason to bellove that tho
orric nl Hock island announcoment con
coniitiB Its lato deal wlll bo mado untll
'next wdok. Apparniitly tho cssentlal do*
talls havo 1>een puhllshed, but lt Is Just
a possiblllty that the ecopo nnd import
onco of tho dcal have boon undor-ratcd.
Rock Islnnd wlll be ln nn immonsurably
utrongcr posltlon when tho now arrnngo
ments go Into effect, nnd thero wlll bo on
offenslvo and defcnslvo alllanco ln the
West that wlll mnko for penco ln the
railroad sltuation most assuredly.
ONTARIO AND WESTERN;
Vague yarns oftucting Ontorlo and
Wesiorn uro tlnding their way lnto clr
culiuion, ruiiKitiK li'um Its purchase by
Wauasli to its ueiug 0110 of tho prospeullvu
memuera of tno tneorotical securiuas
liuiiiiiig company lor oji tne coal rua.au,
ot wmcii pennsylvania and tho Vauuur
bllts would lmj tlie direcung torces. tio
tar as can bo seen inetu m no tuugiuio
i-eason lor mixing up utuario una west?
ern in any auiu ol a auai, onu it ia up
pareatly puiciuiug tho even leuor of tls
way. ineio nas uuen gooa buying durinu
tne weea, ana tnis niay nave insyireu uie
rumors.
THE READlNG D1V1DEND:
Tnero Is notlilng stBiiuicant ln the
deciarution ox a i per cent, divldend on
tu*uiing. Ujs perlectly natural tnut ,UW
coai suiko liavmg endj-d ana Uie incoine
uaving been restorod to a normal dosih,
tuat mo resuiar ttiviclend snouid be de*
cliued. Unaer tne vouuk trust agTeemem
the uivldenaa of 4 per cent. must oo paiU
ror two conseoutive years betoie the trust
will lapse. sinco conurol ot iteaauig nas
passea to Pennsylvania and JjOne anore,
nowover, lt may bo assiimed inat wituln
a ahort tlme the truaices wlll exerclse
their power to diasoivo tne trust.
WABASH STRONG: ?_ .
ln connecilon wlth the rlse ln Wabosh
securlucs, a report was current that tho
long-cxjiected plan for the retircinent of
the "U" dobenturea would snortiy be
brought out and that contlnent 6 per cent.
Uatmity wouid qa replaced by a 3% per
cent. Dond, whlch snould constltute a
llxed chargo. lt was caiculated that lf
such a plan were put through lt would
increaso the chonces for aivldends' on
the preferred stock. Much taik was
heard about the benefits to be derlvcd
wnen the extenulon lnto Plttsburg ls
completed. Curlously enough, the state?
ment of President Ramsey that tho In?
creased wages ate up ail of tbe increased
frelght rates was lots slght of. The heav
lest buyers of the Wa-bash Issuea, as well
as of MIssourl Paclflc, were George,P.
Butlor & Bro., who are recognlzed as
Gould brokers.
M1SSOURI PACIFIC:
The reeumptlon of lnslde bull manlpu
lation ln Wabaah preferred stlmulaled
tradlng ln MIssourl.Pacttic, and the stock
rose early on scatterlng buylng. H. B.
Hollins & Company bought 6,uuu shares.
The excellent earnings for the fourth
week in January, whlch showed an In?
creaso of $303,000, was also used as a bull
Ish argumcnt.
SLOSS-SHEFFIELD:
Indlcatlons are that the dlrectors of
Sloss-Shettleld will conslder the declara
tlon of a dlvldend on Uie common stock
ln Aprll.
There Is no telllng at thls tlme, with ac
curacy. what rate the board may pay,
but whatever ls done ln thls directlon
will be along conservatlve llnes, and ac?
tion wlll be based upon what earnings
have actually been ln the, post, and no
attempt wlll be mado to establlsh a dlvl?
dend rate on the common stock whlch
mlght seem justlfied by present or pros
pectlve earnings. The current opera
tlons of the company are showlng good
results from the standpolnt of proflts.
Controcts that have been made at prlces,
showlng a good margin for proflts, are
pow belng executed, and thls class of or?
ders wlll keep the company busy for
some months. The company is having
some dlfficulty in obtalnlng cars ln whlch
to ship Its products, and the shlpmonts
ln January were materlally affected on
thls account, and at least 5,000 tons more
could have been shlppcd last month lf
the company had recelved enough cars.
On thls account the earnings for January
wlll probably fall below those of Decem?
ber, the actual surplus earnings ln each
month, after allowlng interest charges for
the month, amountcd to $192,802. The an?
nual report of tho company wlll be Issued
withln a few weeks, showlng the results
of operatton3 durlng the last Hscal year
ended November 30, 1902. Durlng that
year the buslness done by the company
was at prlces which afforded only a mod
erat'e margin for proflts, but the results
for tho past year are. all thlngs consld
ered, regarded by Interests ln the company
as qulte satisfactory.
GOULD INTERESTS IN WEST VA.:
The Goulds have purchased the Clen
denln and Sutton Railroad and the Roar
lng Cheek and Charleston. ?
RICHMOND STOCK MARKET.
Biohmond, Va,, Feb. 7. 1903.
SALES.
Virglnia Centurles?J3.100 at 94%.
STATE SECURITIES. Bid. Asked
North Carolina 4's, C. 1910.... 102% ...
Va. Centurles, 2-3, C. and R.- 94% 94%
RAILROAD BOND&
A. C. L of C. Cer. of Ind. 4's. 89
Char., Col. and Aug. 2d 7's C- U2
Georgla Pac. lst 6's, C, 1922.... 126
Ga.. So. and Fla, 1945. 114 ...
Georgla and Ala. Con. B's.... 110
Nor. and West. Ry. *4's, 1996.... 102
N. and W. Ry. Pocahontas 4's.. 92
Pet. Class A 5's, R. C, 1928.... 116
Pet. Class B 6's, R. C, 1926.... 129 ...
Rlch. and Danvllle Gold 6's.. 118 -...
Rlch. and Meck. lst 4's, 194S.... 90 92%
South-Bound lst 6"s, 1941. 110
S. A. L Con. lst t's. 1950. 83% 84%
S. A_ L Collateral Trust 6's.. 102% ... -
Va. Mlrland G. M. 6's, 1936.... 115 ...
RAILROAD STOCKS. Par.
Atlanta and Charlotte.100 165
Atlantlc Coast Llne com....100 133 135
Atlantlc Coast L. of Conn.,100 ... 330
Chesapealte and Ohlo .100 52
Nor. and West. pfd., 4 p. c.100 92
Norfolk and Western com....100 74% ...
Seaboard Alr Llno pfd.100 42% 43%
Southern Railway pfd.100 9o
Southern Railway com.100 95 j ...
BANK AND TRUST CO. STOCKS.
Amerlcan National.100 125 131
Broad-Street Bank .25 26
Clty .25 33 ...
National Bank of Va.100125 ... ,
Planters National .100 330 ... '
Southern Trust Co.100 112% ...
Union Bank of Rlch.50 160 ...
Virglnia Trust Co.100 118 :..
IN3URANCB COMPANIES.
Va. Flre and Marlne.25 86% ...
Virglnia State .?.25 30 ...
MISCELLANE0U8.
Amer. Tob. Co. pfd., 8's.,..100 ... 150
Amerlcan Locomotlve pfd....100 94 85
S. I. and S. Co. lst bonds 6*s.. 110
Va.-Carollna Cliem. pfd.100 125% 126%
Va.-Carollna Chem, com....100 C3% 04%
V.-C. C. Co. Col, Trust Bst... 99% 100%
COTTON MARKETS.
NEW YORK, Fob. 7.?Tho cotton mar?
ket opened llrm and qulto exclted nt an
advance of 3@f polnts and Immedlatoly
developed pronounced strongth and actlv
lty. March contracts, whlch closed last
nlght at 8.S6, w'ore soon selling; at 9,04,
whllo May, whlch had closed at 9.01,
showed 9,12. The rapld advance hero waa
duo chlefly to unexpocted" strong pubjjo
and prlvato cables. Tho latter showed
that the forelgn advano'e was duo to tho
strong statlstlcal flgures of last night
cabled from thls slde. Egyptlan cotton
speculators wero roported to havo rc-en
terod to Llverpool market as actlvo buy
ers, The spot sltuation at Llverpool- was
called pai-tlcularly strong with splnnors
drlvon to tho purohase of the more ro
raote futura dellverles ln an effort to se
curo a call on supplles needed agalnst
orciors for goods already ln hand or ex?
pected, Tho South wns an aotlve buyer
ln New York- The wostorn contiugant
also bought freoly. It was rumored that
the lato boar leader had flnlsbed cover
ing hls shorts and now stood hcavlly
long of tho markot and wns stlll buylng,
Spot housc3 and exportora too March and
May, whlle tho publlo demand showed a
proferonco for July nnd Augttst. Trndoru
showed Indlll'orence to bad woathor re
ports from the Bouth, nd also to htoavler
estlmateil recelpts for Houston and, at
other polnts. Tho sellln ghero was ohlf
ly by partles who wore dlsposed to se
ouro protlts, but thls proved inBUfflclent
for the increaslng demand. and tho mur
ket showed a strong undertone.
Cotton ifuturea opened flrm; closed
steady.
Opon. Hlgh. Low, Close.
Fobruary. .9.00 H.00 9.00 8.99
March .8.99 0.09 g.iW 9.03
Anrll .o.os ?.09 o.ns b.oo
May . 9.07 9,15 9.(?! 9.09
Juno .-..9.00 IMH 9.(K) 9,13
July . 9.02 n.w 9.00 0.05
Au trust .8.79 8.84 8.77 9.(6
Hoptcuiber ...8.3.1 s.io 8.83 s.xi
Octobor .8.1D 8.22 8.19 JI.38
Spot cotton closed quiet, lo polnts high?
er: mlddllng unlaiuls, 10.25; nildrlllng gulf,
10.50; sales, 1..W bnles.
Cotton, qulot; mltltlllnc, 9.20; net ro
celpte, 384 balos; grosH, 16,907 bn.les; sales,
1,307 bnlos; stock, 151,815 bnles.
Total to-tlny 'at nll seaports?Not rc
colpts, 24,259 bftloa; cx|w>rt to Great
Brltalti, 3,887 bnles; lo the Contlnent, 4,411
balos; stock, 969,435 balos.
Cot.solldated at all neaports?Not re?
celpts, 24.259 bales; export to Great
Rrltnln, 3,887 bales; to tho Contlnent, 4,411
bales.
Total slnce Soptember lst nt all sea
ports?Net recelptH, 8,475,271 bales; export
to Orcat Brltain, 1,903,612 b.-ilcj; to Frnnce.
559,719 bales; to tho Contlnent, 2,031,101
bales.
NEW ORLEANS, Feb. 7.-COTTON
Tho spot cotton market was decldedly
strong to-day, but factors' tublen hnd been
pretty wc-H clcareu off by yesterday's
trnnsnctlons, and there was lltllu stock
tabled for Inspectlon. Tho short Bcsslon
to-day was a perlod of juliilailon for the
bulis In the cotton contract markets.
Llverpool moved up threo one-hundredlhs
to four one-hundredths on dellverlesi and
on thla slde tho advanco was quickly re
sponded to by free covorlng. Inliuonced by
weather conditlons In the oelt axid grow?
lng appreclation of the fact that consutnp
tlon Is cuttlng a wlde swiith ln vlslblc
supplies. The opening was &S7 polnts
abovo yesterday's flgures, followedj by an
advance of 4<g5 polnts. At that level a
halt was called, and tho free rcallzlng to
cov'er sent, prlces off a blt. IThls Influ?
ence was combatted by hcavy buylng by
tho bulls, howevor, and on tho eound of
the gong the local board showed net galns
for tho day of 9?12 polnts.
Spot quotatlons rovised: Bales, 7.050
bales; ordlnary, 7%c; good ordlnary, 8c:
low mlddllng, 87-loc; mlddllng and good
mlddlln*. 91-16c.; falr, lOHc Recelpts,
7.5GI bales; stock, 860.206 bales.
Cotton futures flrm: February, 8.96;
March, }9.msi'J.02; April, 9.07@9.09; May,
9.1409.15; June, 9.UAIO.20; July, 9.2-K<i9.25;
August, 8.SS08.91; Septembcr, 8.37#8.40.
THE PR0DTJCE MARKET.
Rlchmond, Va., Feb. 7, 1903,
QUOTATIONS
WHEAT?
Longberry .84 @83
Mixed .84 ?85
Shortberry .84 085
No. 2 red . 85
Virginia (bag lots). 75 684
CORN
Whlte (Va.) bag lots. 58 '
No. 2 iwhlto . 50
No. 3 wJilte . 55
No. 2 mixed . 55
No. 3 mixed . 51
OATS?
No. 2 mixed . 41
No. 8 mixed . 40
No. 2 whlte . 42
Wlnter seed. 55 660
RYE.63 @G3
NEW YORK. Feb. 7,-FLOUR-Flrm.
but quleter; Mlnnesota patent, $4.10if4.30;
wlnter patents, $3,650-1. Rye Flour?
Steady; falr to good, 53Q3.35; good to
cholco fancy, $?40*93.55.. Buckwheat?
Flour?Steady at $2.20?2.30. Cornmeal?
Qulet; yellow wcstern, $1.20. Rye?Qulet;
No. 2 wcstern, C0%c. Barley?Steady;
feedlng, 47c.
Wheat?Spot market flrm; No. 2 red,
S2%c. Optlons were actlvo and strong on
coverlng. lnduccd by very flrm Parls
cables. There was moderato foreign de?
mand also and some outsido buylng. The
elose was flrm at %@%c net advance.
March, 84%c; May, 82%c; July, 79c.; Sep
tcmber. 77c.
Com?Spot qulet; No. 2, 62c. Optlon
market was strong on the 'bad weather
West, Bilgher cables, tbe wheat advance,
a good cash demand and coverlng. Closed
strong at %@%c. net advance. Feb?
ruary, 59%c; March. SS'/sc; May, 62c.;
July, 49% c.
Oats?Spot flrm; ~Xo, 2, 43%c. Optlons
qulet, but flrmer. May closed at 42%c.
Beef?Easy; famlly, $1&51G; mess, $10?
10.50; beef hams, $20.oO?'21.50; packet, $12?
13. Cut Meats?Steady; pickled bellles,
8%ffia0c.; pickled sholdcrs. 8%?S%c.;
pickled hams, $ll@ll%c. Lnrd?Steady;
westom steamed, $10; reflned, steady; Con
tlnent, $10.30; compound, $7.50JJ'7.75. Pork?
Flrm; famlly, $18.75019; short clear, $19?
21; mcs, J1&S18.60.
Butter?Steady; extra creamery, 26c;
factory, 14@l9c; State dalry, I5<325c; ren
ovated, 14@19c. Cheese? Flrm; State, full
cream, fancy small, colored, fall made,
14%c; small white, fall made, 14%c Eggs?
Easler; State and Pennsylvanla. South?
ern, 20@20%c.; refrlgerator. 14@17c. Tal
low?Qulet; clty, 6%c.; country, 6%g6%c.
Rosln?Flrm: stralned, $2.10?2.15. Turp'en
tlne?Flrm at &5%/g67c. Rlce?Flrm; do
mestlo, 4%<S6%c; Japan, nomlnal. Mo
lasses?Qulet; New Orleans,, 32?40c.
Coffee?The market for coffee futures
opened steady wlth prlces unchanged to
5 polnts lower. Trade was qulet all tha
sesslon; near the close coverlng by shorts
stlffened ncor months to a level of 5
polnts abovo tbe prevlous close. The
market was finally steady, net 5 polnts
lower to 5 polnts .hlgber. Total sales,
9,250 bags. Spot Rlo. qulet; No. 7 Involce,
6%C.i nilld, dull; Cordova. 7?ll%c. Sugar?
Raw, steady; falr reftnlng, 3%@3 3-16c;
oentrifugal, 96 test, 3%c; molasses sugar,
ZliifiV 15-16&; reflned, steady; confectioners'
A, $4.50; mold A, $4.90; cut loaf. $5.25;
crushed, $5.25; powdered. $4.75; granulated.
$4.65; cubes, $1.90. ; _^ ' ?
Potatoes?Qulet; Jersey, $1.75<g)2; State
and westem. per 100 pounds, $150?2; Long
Island. $2jg2.25; South Jersey sweets. $2.50-yi
2.75. Peanuts?Steady; fancy handplcked,
4V5SM%c; other domestlc, 3?4%c. Cnb
bag'es?Qulet; domestic. per barrel, white,
60f?F?Oc.; red. $1(31-25. Cotton?By 6teamer
to Llverpool, 12c.
CHICAGO. ILL, Feb. 7.?A bulllsh sen
tlmont prevalled in both the graln and
wheat plts to-day on favorable forelgn
advances. Wheat closed Btrong with May
l@l%c. hlgher. May corn was un %<ffi%c.,
and oats were Tsfg'lc. hlgher. Provlslons
closed flrm wlth tho May products up
from 2%??15c.
The leadlng futures rangod as follows:
Open. Hlgh. Low. CIosol
WHEAT?No. ?
' Feb. 75% 70% 75% 76%
May *. 79% 60% 79% 80%
July .' 74% 75 74% 75
cnriN?No. 2.
Feb. ?? -. 43%
May . 45 45% 44% 45%
July . 43% 43% 43% 43%
OATS -No. 2.
Feb. ?? ~ 35
May. 37% oS oi 2S
July . 82% 33% 32% S%
MK88 PORlC-P?*r ubl
May.16.77% 16.92% 16.77% 16.90
July . 16.35
LARD-Per 100 lbs. -
Feb. . 9-47%
May .9.32% 9.42% 9.32% 9.40
July .9.25 9.27% 9.25 9.25
SHORT RIBS-Per 100 lbs.
May .9.10 9.22% 9.70 9.17%
July .9.00 9.04% 9.00 9.(6
Sept. ,.9.05 9.05 . 9.00 9.02%
Cash quotatlons were ns follows: Floui
steady, No. 2 sprlng wheat, 78?S0c; No.
3, 77%c.; No. 2 red, 75%<S'76%o. No. 2 corn,
43%c; No. 2 yollow, 43:>ie. No. 2 oats, Soc;
No. 2 white, 3Sc; No. 3 white, 85%SflO%o.
No. 2 rye, 49%c. Good foedlng barloy. 44?
46c; falr to cholco nmltlng, 4S(S02c. No.
1 ilaxseed, $1.16; No. 1 northwestern, $1,31;
prlmo Timothy seed. $3.G0, Mess pork, per
Knnrni ?iR 87Liff7>l7> lnrd. nor 100 nmmds.
er, 'contfnet grnde. $11.70. Buttor qulet
and steady; ercamerles, lOQISc.; dalrles.
lS<8>23o, Eggs woak; loss off cases return?
ed, lOo. Cheeso steady at 13?14c,
BALTEMORE, MD? Feb. 7.-FLOUR
Dull and unchanged. Wheut? Strong; Bpot
and tho month. S0%@51c; Southern whlto
by saanplo, 78081c. Corn-Flrmer; spot
and tho month, &4%<ft0:%o.; Southern whlto
corn, 43?55c Oats?Flrm; No. 2 white,
42c. Rye?Flrm; No. 2. GUW50%o, Buttor?
Steady at the declino; fancy Unltutlon,
20<i<'-'lc.; fancy oreamory, 2(i?27o, Eggs?
Qulet and lowor; fresh, 2le, Cheese and
Sugar-FIrm and unchanged.
CATTLE MARKET.
?CKICA.GO, 1LL. Feb, 7,?CATTLH?
Nomlnal." Good to prlmo Bteers, M.50<&'5.76;
poor to medium, $3'o4.40j etopkers and
feedors, $2.Sfl?N.M: cowa. $1.40?pl.lO; holf
erB, $2.25(gi4.C0; hulls, $2<M*?i\ca ves, p.W'tf
7.75; Texas-fed steers, U?)(fr4.2a. Hpgs?
Steady to 5c, lowor. Mlxed nnd butchors,
$6.U0<8'fi.W>: good to cholco heavy, $0.lKif(i7.iO;
rougii heavy. $?.70r&V..*5; llght JG.lMiUO.
Sheep and Lambs-Steady, Gpod to clinlce
wothors, $4.Ci*W>.&0; fulr *? ol^lco mlxed.
$3.D0@l.&6; natlvo la-inba, $4.6O#o.<0,
NEW YORK, Fob. 7.-BEKVE8-No
snles. Dressed hoet steady; clty dreased
Bldos, Ronoral s'lh's, 7<8m por pound.
Toxus hcof, fl??%?. P01; Pouna. CiUves
Quotod steady for venls. Vcals sold at
J3Q0 por huudrod pounds. Clty flrossed
venls, WWHo, por pound, Blieep-In fuU*
Revlew of
?s
BLANKS & ROBINSON,
Paper Dealers,
Manufacturers' Agents,
Richmond, Virginia.
Smith-CourtneyCo.
RICHMOND, VIBSIHIfl.
Southern ngents for the Improved Bnte
CorllBs Enpino Mnchinory, Pumps, Belt
Ing, Steel nnd W'ood Fulleys, Shafllng
and Hanpors, Railroad, Mlno. Mlll and
Contractors' Stippllcs, Fllnt Kote Rooflng.
-J_,_
itterding-Carneal
No. 10 Broad Btreet.
Manufacturers of all ktnds of Lumber,
and dealers ln Limo, Cemont, Polnts,
Olls. etc.
I
RICHMOND, VA.,
Manufacturers of
COTTON SEED OIL MILLS, TTYDRATT
LIC COTTON PRESSES, THRESH
EES AND CL.EANERS.
GQROQN METALS
1426-32 East Cnry St.. Rlchmond, Va..
Jobbers of
TIN PLATB, IRON AND STEEL
ROOFING, BLOCK AND GALVAN
1ZED SHEETS TINNERS' TOOLS
AND SUPPLIES.
Moon, Zirkle,
Ooodall Co.,
WHOLESALE DRUGGISTS' SUNDRIES.
1420 E. Maln- St., Rlchmond, Va.
The only house of Its klnd in Richmond.
M. COHEN SON & 60.,
Dry Goods and
Mons,
Richmond, - Va.
MERCIIANDISE BROKER AND COM?
MISSION MERCHANT,
No. 1320 East Cary Streot,
? RICHMOND, VA.
W. S. F0RBE8 & GO.,
PORK PACKERS
nnd
PR0VISI0H DEAIERS,
Richmond, Va.
GOLD WATER PAIH TISG,
HOUSE POTiIHG.
RICHMOND SUPPLY COMPANY,
No. 8S. 10th Street.
I!
Tho Larjrest Blotttnp- Mlll in the United
States. Our Brand.t: "Statidard,"
"Impcrlal," "Stcrllng-,"
"United States.'
Richmond Wood-Working Go.
RICHMOND, VA.,
All Klnds of Exterlor and Interior Wood
Work for Housos.'
for Ofllces, Banks, Churches, etc
RICHMOND, VA.,
Makers of Flno Varnlshcs and Japons.
Branch Offlccs In New York,
Boston, Baltlmore. .
Agents wanted to sell on commission.
Richmond Guano
Company,
RICHMOND, VA.,
Manufacturers Hlgh Grade Fsrtlllzers
and Fertlllzor Materlals; Tr^.orters
Potash and Cliemlcals jtc.
RESPONSIBLFJ AOENTS WANTED-.
ASK YOfJR GROCER FOR.
Danncmlller's Csrdova Coffee,
The hest popular prlco. :offee oa thc(
marltot. Put up in u;io-pound
packagns only.
W. W. 'JCJFEW,
Mcrchondlse Broker,
Rlchmond, v'a,
?<
Frictionless Melal
'5
RICHMOND VA.,
Ownors and aolo m mufacturcrs
of tho
FAMOUS FRICTIONLESa METAL.
It ls tho best in tho world.
Richmond Stove
COMPANY,
2502-2500 East Maln Streot, Rlchmond, Va,
MANUFACTURERS OF ALL K1NDS
STOVES.
Wm. J. Anderson, Robert G. Ronnoldg,
PTest. Sec, and Trcas.
Leibermulh-AbramsOo.
Dealers and Manufacturers
BUIDDERS' AND PAINrTERS* SUP-.
PLIES, PAINTS AND G-LASS, OILfl* .
VARNISHES, BRUSHES, AND
DRY COLORS,
BASH-DOORS-BLINDS.
14SS East Maln Street, Richmond, "Va,
Purcell, LaddS
WHOLESALE DRUGGISTft,
Agoncy for Virginia Sprlngs Waters *nfl
Morx & Rawollo's Glyocrlne.
Dealers In
PAINTS, OILS, DYESand VARNI8BD3S.
5 Oovernor Street, Rlchmond. Va,
-'?-?- i ' 4
Virgima-Carolina
Ghemical Company,
Manufacturers of Fertlllzers, FertUlz
ing Materlals and Chemlcals. Importera
of Potash, Salts and Nitrates. Capadtyx
One thousand carloads of Manufactured
Fertlllzers per day. Rlchmond, Va.
VjgSSl LUMBER
rvi?ronTTA-| rough and DRES!
ROUGH AND DRESSED
TELLOW PINE, WHITE PINE, HARDWOOOS,
SASH, BUN 08 AND DOORS
Best and most complete aasortment in the South,
! Wntehoutc with 4,600,000 feet capacity. -
' Yardu coverin? seven acres. Wrlte for prlces.
FINANCIAI.
THE STATE BANK
OF VIRGINIA.
Richmond. - - - Virginia
CAPITAL, - - ? $500,000.00
SURPLUS, ? - ? $240,000.00
Presldent, JOHN S. ELLETT,
Cashier, WILLIAA1 M. HILL
D1RECTORS.
Alex. Oameron. John S. Ellofcfc, Jos. M.
Fourqurean, T. C. "Williatris, Jr., Horace
S. Hawcs, G. G. ValontLno, James D.
Crump, J. L. Antriru, A. R. KUerson.
BALL & WINFREE,
BankersiBrokers,
Room No. 2, 1112 E. MainSt,,
'Phone 330.
PR1VATE WiRES to
W. E. Woodend & Go.,
Members Hew York
Con. Stock Exchang ,
demand, steady; eenoral saleB of lambs at
flrm prlccs. Sheep sold at $3.e2%@4.(i2 per
100 pounds; reported saics of lambs at Ja.60
(TJ15.60, Dressed mutton, Beneral Halos, Oqp
S',*'C. per pound; dresscd lambs SQUo. per
pound. Hog-s?About ateady; Stato hogs
sold at $7.-5 per 100 pounds.
CINCINNATI, Q-, Feb. 7.-HOGS-Ac
tive at $0.70?)^. Cattle?Steady at 12SJ.76.
Sheep-Steady at $2.25<SH.50. Lambs steady
at j?w@<i.io.
TOBACCO MARKET.
Rlehmond, Va, Feb. 7, 1903.
Tho tobacco market closed strong to
day, regardless of heavy recelpts,
Tho week has been a very busy ono wlth
tho warahouse peoplo on account of large
offerlngs. Prlces are vory good on sun
cured tobaccos, somo farmers reallzlng
over 9c. per pound for thelr crops. Stem
mlng tobaccos are not aelllnff at old tlme
flgures. yet Rlehmond affords as good a
market for thls class of tobacco as any
ln tho State. We expect a good market
next week on all grades.
Total amount sold at the four w&re
houses for the week 699,955 pounds.
Quotatlons aro as follows:
SUN-CURED TOBACCOa
Prlmmlnga .J 3.50?$ 4.50
Lugs, common . 4.50? 6.00
Lugs, good to prlme. 0.25? 9.00
Leaf, common .???? 6.600 8.60
Leaf, medium ..'.. 8.60? 9.60
Leaf, flne .;. 10.50? 13.00
Wrappers .14.00? 16.60
BRIGHT TOBACCOS.
Smokers, common .$ 4,500$ 6.G0
Smokers, medium . 6.60? 8.00
Smokers, llno . 8.5p? 10.00
Cuttera, common . 8.00? 10.00
Cutters. medium . 10.00? 12.00
Cutters, flne .12.50? 15-00
Cutters. fancy .-.14.00? 17.00
Flllers, common . B00? 7.00
Flllers, medium . 7.00? 9.00
Flllers, llno . 9.00? 12.00
Wrappers, medium .13.00? 18.00
Wrappers, flne . SO.Onfj) 25.00
Wrappers. fancy . 30.000 40.00
DARK STEMMING TOBACCOS.
Lugs .* 3.60?$ 5.00
Leaf. medium . 650? 6.60
Leaf. good . ?.50? 8-00
BROWN S1UPP1NG TOBACCOS.
Lugs .$M-Mfl$ 5.60
Leaf, modlu m. 6.75? 7.50
Loaf, good . 8,00? 9.50
W. D. CTJSIIMAN,
Supenisor of Snlos.
LYNCHBURG TOBACCO MARKET.
Lynchburg, Va., Feb. 7, 1903.
Recelpts of tobacco in tho warehousaa
of tho clty contlnuo llght. Thls condition
ls duo to had weather and bad roads.
Lnst week 518,6(10 pounds wns sold Prlcaa
show a tondency lo advnuco, espoclally
for real good leaf und black wrappers.
Much litrgcr sales aro antlolpateu.
Quotatlons uro us follows:
DARK ailADES,
PR1MINGS .,.? 1.60(3$ 3..00
J Common and dark lugs. 3.00? 4.30
Medium dark lugs. 4.00? 4.80
Oood dark lugs. i-XiP 5.00
Comiiion dark leaf. 6.00? C.00
{Contlnuou on TwolftU l^ago.).
II17 EAST
STREET.
Next to Hotol Lexlngton.
THE INST1TUTI0N FOR THE PEOPLE.
Doposita of ONE DOLLAR and npwords recelved and Intercst allowed.
Loans mado on Real Estate. Negotlalilo paper dlscounted.
B. A. PATTERSON, Presldont. L. Z. MORRIS, Vlce-Proaldent.
JAMES M. BALL, Cashier.
VIRGINTOS NB"WTON. Presldent. J. B. BEASLET, Cashier.
UNIOi
ORGANIZED MAY 3, 1866.
Deposit your aavingrs with a Solld Instltatlon. Thie stronffest ln, tha Soutb.
Capital.$219,750.00
Undivided Profit....$350,000.00
Deposits.$1,400,000.00
DIRECTORS:
"vTRGINnJS NETVTON, R. T. ARRINGTON. Or., B. ALSOP, T. W. PTSM
BERTON. N. W. BOWB, CHAS DAVENPORT, J. B. BEASLBY.
Small and Largo Deposits Solicited. g &? t ?
???,??-. LoansNegotiated
TO
The first dollar saved and deposited in our bank
creates a desire for further saving; and this de
sire for saving increases with each deposit. If
you are not already a depositor at this bank
allow us to suggest that you become one.
All Sums Accepted. Interest Allowed and
Compounded Seml-Annually.
PROVIDENT SAVINGS BANK
911 East Main Street
S. GALESKI, Pres. W. GRAY WATTSON, Cashier.
LARGEST CAPITAL AND SURPLUS
OF ANY BANK OR TRUST COMPANY TN THE SOUT'H-ATLANaTO STATES
Richmond Trust and Safe Deposit
Company.
Tenth and Main Streets, Richmond, Va.
Capital and Surplus ? $1,712,188.69
Bxooutas TvuBts. Recolvea Depoelta from U.00 and Upjvards.
Allowa 3 ner cont. Inte'ent on Bufly Bnlanc.es Subject to Check.
Aooounts Sollclted. Correspcmdence lnvlted.
JNO. SIOBLTON WIL.LIAMS, /LBW1S D, CRBNSHAW, JR.,
i>r?Hiiii>nt ' Treaaurer.
? * JAMES H. DOOLEY HENRY L. CABELL,
Vlce-Presldents/^
JONH L. WILLIAflBS & SONS
BANKERS,
Doalers ln RICHMOND. VA,
s0UT?rK"eht
MUNICIPAL BONDS A SPKCIALTY.
Corrospjndetico lnvlted, f
Lancaster&Lucke
EankersandBrokers,
RICHMOND, VA.

The times dispatch. [volume], February 08, 1903, Page 11, Image 11
About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], February 08, 1903, Page 11, Image 11 About The times dispatch. [volume] (Richmond, Va.) 1903-1914

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The times dispatch. [volume], February 08, 1903, Page 11, Image 11
About The times dispatch. [volume] (Richmond, Va.) 1903-1914