The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-07-23

Russia III Germany have Joined the vlad- /
ivostok squadron, which went to sea Se 'a'- |
.pecially to meet them. I;
CHEMICAL OFFICERS
ARE REELEC1ED1|
Continued from, First Page.)
Walters n his statement as to the loar,,
and states the effect Of his statement !
Henry walters. president OF tho At
lantic Coast Line and chairman, q tho
Ina Chemical CO.. witch negotiated the
loan 81 $1,000. 900 last summer. supple.
niented the report with a statement Of
t tra asas Mr.. Walters Explained that
the chemical company p affairs reaol,sd !
n crisis last summer, when, owing to tho
ers refused to- discount itsipaper. which.
no said, had always been regard ed as the !
best commercial paper II, tho South. n
officials i1 I proposed sI s a plan which involved
spany's assets, and tbs Nj. walters
ygaSrously eRfP epnato nronos,t,on. Il Was
agreed ii negotiate u loan Of ss.se?, 900
from g syndicate composed q ~ F. aIor-
gng AND BEE ama
Virginia Carolina CHEMICAL COMPANY
gave Its note for 81 900. 900, to bear Interest
at s per. cent as tho syndicate's COM
6 nj ayatled itself OF $500 900 OF this
mi. Walters's statement went far to-
ward convincing the minority. stool hold
ers that the very best possible arrange
1nent had been made. on behalf of tho
company with regard to this loan. IN
fairs which existed IN the street Mt the
time the money wa 81 BORE wed u j 81
sss The New York CONNER Gial thus SUM, \
the years opera tons and tho outlook for
,s,The report shows that although tho +
cent. still the volume Of business yielded I
81 ,CsO,ba3 more than the previous year.
md that the loss sons the operation OF the
largely iHI 10 the fact that that tho COMPANY
crushed only about go per cent. OF tho
seed which IT expected TO handle The
nng ~ sKad
Sprovemetit during the year Il
X Tho quotations. OF the common stock OF |
Us
fidence inspired as a result Of the stock
holders and directors meetings. tho
stock advancing during the Day J, ana
closed at io i Just net point above
sA..ursday s close. ss!S "a
Optimistic Views.
Tho optimism Of New York interests Is
ressted from dss foeTns spssad
night and which 1t Supplements by q 4.
statement 5of resources and liabilities Of
IN Jew M s: oRK. July terca,s con
Enectcd with the Virginia Carolina Chem-sjl
zeal Company expect " that the9 current
fiscal year win bel the best from tho
the company. I'he com Is well sup
piled with working capital, and 1T will be &
able to conduct Its operations this year &
with grea ter economy than d any tine \
heretofore. sss$s Il sS
u view OF the interest that has been "
created In the compan y: pa rtlys on n. ac-:s3s
count Of the financing that It has done Il
the past he following statement e.
I Total resources, Nd 81, 20l ,33S IS, out Of 4
which 81, 0S2. SCI. IS II has been spent on
plant. floating property, snh-companies
and d. e,l sa leaving lance g
&. a statement of assets and lab ltties as
or ] ,lne Is. 1e04, conn area vi & he pre-
5ceding year a s follows: q. .s9
Excess current 81. s sg 6 sgs 6s3
1871. ii l9n3 S,75
Current assets. z. so7 go si6 81. 6s3
Excess s. SIS current assets. 6.sts. ess5
The company has received ylpprox * "a
( m,,ately S. 10000 In G. cash from Il he pro-
ceedg. OF the Sc, 010 900 preferred stock. SO i
that working ca pital n has increased 20
that cx tent, making d total working cap
ital@ Of the Chemical Company proper
ssl0. 315 7C5. s ii l3s{. s
The subsidiary compa MES also have net
current assets of about q. 900. 600, prin-83
cipally cash, so that the 70 tai WorK KING
ssidiary concern 81 Is about sl4. 81, oo0,
n John b. Dennis. sof Bl lrs All company
who was elected a. director q he annual
meeting Wedne day. Increases the repre-