The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-08-06
TWO M0REFALLS
JAR THE ESTREET
Sharp and Bryan, Hurlbut Hatch and Com
pany, Dealers in Virginia Carolina Chem
ical. Southern and Seaboard Shares.
Pacific, Union Pacific and Wabash pre-

Pacific, Union Pacific and Wabash pre-
ferred.
In the industrial class new low records
were the order in American Cotton Oil;
American Locomotive common and pre-
ferred; American Smelling preferred, Re
public Iron and Steel common and pre-
ferred, United States Leather United
States Railway common and preferred,
United States Steel, preferred, Virginia
Carolina Chemical common and preferred,
American Hide and Leather, preferred
American Snuff, American Sugar, Hook
ing Coal and Iron, Consolidated Gas, Con-
tinental Tobacco, preferred, General Elec-
trio, National Biscuit, New York Air
brake, Pacific Mail Peoples Gas, Virginia
Iron, Coal and Coke, and Pressed Steel
Car.
To these lists should be added Brooklyn
Rapid Transit, and such specialties as
American Express, United States Express,
and corn products, common and preferred.
Fully a dozen or more other issues sold
on parity with previous low prices OF the
year.
These stocks made the greatest net losses
for the day.
American Snuff, Is points General Elec
tric, 3 IL; Pullman Palace Car, ga; Su-
gar, 2; ST. Paul, 3-4; Colorado AMI South
ern, first and second preferred, 1-8, and
ga respectively; Consolidated Gas, 6;
Brooklyn Union Gas, 1-2: Delaware and
Hudson, S. Denver and Rio Grande pre-
ferred A.: Evansville and Terre Haute,
Z 1-2; Metropolitan Subway, 3; Mis-
souri, Pacific, 5-S St. Louis and San
Francisco, Chicago and Eastern Illinois
certificates, 10; st. Louis Southwestern
preferred 4 34; Texas and Pacific Land
Trust 4 Wabash preferred 4 12, and
Reading and Lake Erie first preferred, 5.
In the entire list just seven stocks
made net gains, these including an ad-
vance of 1-2 per cent in Virginia Carolina
Chemical, preferred. Slightly over, 1,000,-
600 shares changed hands during the day.
The heaviest trading was in Atchison, Bal
timore and Ohio, ST. Paul. Erie, common,
Missouri Pacific, Union Pacific, Pennsyl
varia, Reading common, and United
States Steel, common, the latter lead
ing the list with a total of more than
$4,000 shares.
The failure of Sharp C Bryan (W. w.
Sharp and c. S. Bryan excited general
sympathy as these men are members of
the board and popular on the Stock Ex-
change. Mr.. Bryan is a member of the
governors OF the exchange. The firm was
organized in 1891. They were specialists
in several stocks, more particularly in
Virginia Carolina Chemical and their fail
ure is regarded as directly attributable to
the decline in those shares During last
years boom Chemical preferred sold as
high as 134 rs, and the common at go
They closed today at so and % ga re-
spectively. According to the statement of
the assignee, Sharp & Bryan's liabilities,
are about So, 900, 900, mostly secured. AS
sets are said to include several million
dollars of stock exchange securities, the
value of which is almost altogether con
tngent on market conditions.
The firm of Hurlbutt, Hatch G. Com
pany John Henry Hurlbutt. E. Sanford
Hatch, the board member, and Frailey
SMITH was organized in September, 1899
Their financial embarrassment has been
matter of general comment in the street"
for some weeks. No statement regarding
their affairs was obtainable today An
assignment was made to Henry B. Ketch-
am. q lawyer, of the firm of Reid, Essels-
tyn e. Ketcham.
The firm of Sharp & Bryan was organ
iZed July g 1891 the individual members
being W. w. Sharp and Charles S. Bry-
an, both board members. The office of the
firm is at % Broad street, and they were
known as specialists in Virginia Carolina
Chemical, United States Realty and Con-
struction and Southern Railway
The firm had mercantile agency rating
of from 5000 900 to 100000. G. H. Sulli-
van, of the law firm of Sullivan & Crom-
well, was made assignee Of the suspended
firm.
Sharp G Bryan were prominent in oper-
ations on the curb. They were specialists