The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-26
Comm rclal
RICE ELEVATORS IN THE SOUTH.

RICE ELEVATORS IN THE SOUTH.
comparative statement of the wheat
crop of the world issued by the Depart
ment of Agriculture SHOWS that the to-
tai OF 3,12442, 900 bushels In 1902 was dis
trlbuted as follows: North J. al Aiol1c.,
7s1 800 900: South America, 1854 .OO; Eu-
rope, lbs, 1863, 900; Asia. 376.42s,0oo; Africa,
900 900 and Australia, 43 $4,000. The crop
in the United States was 67O,O63.oO6.
INCREASE IN FOREIGN COMMERCE
In the year ending with March 1903 the
81 900, 900, 600 mark in imports was reached
for the first time During that period
our total exports were $l,4l47s6,9oi
against s10ol. 596,G3 OF imports, making
an excess of exports of sil319O.2N, The
Increase In imports Is mainly IN manu-
facturers' materials.
DIRECTORS OF THE STEEL TRUST.
At the second annual meeting Of the
U. S. Steel Corporation, held at Hoboken.
N. r., directors were elected who are be-
lIevcd to favor the retention OF Charles
M. Schwab as President when they meet
on May 5. The various plans for new
and ENLARGED plants We're approved
A VOTING TRUST FOR CRAMPS.
1t became known after the announce
ment of s5.00OOoo loan to the Cramps
shipbuilding company of Philadelphia
that prominent inanciers had arranged
to assume control of this historic con-
Germ, cradle of the new navy, by hecon-
Ing voting trustees. Charles II. Cramp
will be continued as the President of the
company
FLOUR MILLS VS.. RAILROADS.
The big flour mills of Minneapolis,
which took the unpr ecedented course last
week of stopping all work ms a protest to
the railroads against discrimination be-
tween rates on wheat and flour, sue
cecded in bringing the railroad men to
terms and the pooling OF freight rates on
-four IS to be discontinued,
ANOTHER BIG BANK MERGER.
| On Tuesday three more of New York
national .1anks-the National Broadway,
| the Seventh and the Mercantile--were
| formally consolidated. The consolidated
| Mercantile National Bank with capital
| of SO 100000 and surplus OF about SIS, 0OO.-
| 900. Frederick b, Schenk Is Its presi.
! dent The Gounlds are said to be In con-
| trol
ILLINOIS COAL CONSOLIDATION.
The Chicago Tribune announced.
| Tuesday, that vast coal fields In Central
Illinois were to be absorbed by corpor-
| alton with SS0,0OO,000 capital, operated In
connection with Hill railroads.
PHILIPPINE CERTIFICATES SOLD.
Fisk and Robinson of New York Sc
cured the entire issue OF s3,00O.0OO worth
Of certificates of Indebtedness of the Phil.
lippine Government on Monday when
bids We're opened at the War DEPART,
ment. Their offer of sl02,5l3 for ali OF
any part of the issue surpassed all 9th.
ers and was complete surprise to the
authorities who did not expect 10 ge
mora than 10l.6S
j FENNSYLVANIA's COAL OUTPUT.
The annual report of the Chief of til,
fehnsSiVania Bureau OF Mines gives tn,
total production OF anthracite In tina
State for 1902 as $6,9ll, 551 tons a decreas
| OF 22,99A,ioo tons from 1901 During tn
| years work 800 lives were lost and Ga
men were injured,
STOCK EXCHANGE DEDICATED.
The New York Stock Exchange tool
formal possession of its splendid ney
edlfice on the old site Wednesday, witt
impressive ceremonies. to which the Who'll
day was given up. making holiday !,
Wall Street Flags We're displayed an
innumerable streams of ticker tape float
ed from tho windows OF tho big build
ings. In the immense Board Room wer
assem- bed the prominent financiers an
many visitors, Among those present wa
". A. Smith. who as the oldest memb be
admitted In 1SiD was cheered To tho echo
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PRESEYTERIANs RAISE $4,000.
/, meeting at Carnegie Hall. Now York
Wednesday. under the auspices OF tn
: Presbyterian Church Extension Commit
tee contributed 100000 in few hours TO
celebrating church Indebtedness an
erecting new churches.
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q AN INTERCoLLEtiIAT7 UNION.
"A l yal-e l