Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-03-08

caused some little drop I'm the price that has
been offered for this stock for some little
time. The first four shares brought 1854.
an advance of y over the bid price of yea
terday. The stock was held at 200 on yes
terday's market.
The next lot. which was composed of ten
shares. dropped a half in the bidding and
the sale was made at 19S The Anal lot of
ten shares dropped full point bringing
only 1872. as against 200 asked yesterday.
One share of Riggs National Bank stock
brought $50. Another share was offered at
6oe with no takers.
Three thousand dollars in c. & p Tele-
phone bonds brought l0Sss a fraction on
the price at which these bonds have been
, held.
There was some demand for the stock of
the Washington Gas Light Company, as
Wen as Tor the gas certificates. Of Indebted
ness. Five shares of the stock brought 55i1
and Sl.1o0 In the certificates, ia
Lanston Monotype has been active for
several days and there have been several
trades of 100 shares within the last week
Today 100 shares brought S% an advance
OF y over the bid price Of Monday. There
was one trade of twenty shares in GRAPHIC
phone common stock at An
1t was stated on reliable authority at the
treasury Department this afternoon that
sn0rtiy AFTER the Secretary of the Treasury
Calls Tor the balance of the money from
national bank repositories for the payment
OF the balance due for acquiring the Pana-
ma canal, he will more than probably make
lar.her caii Tor government money In the
nauonai banks to make up a shortage thar
viii De made by removing the money for
the canal and the lack of government re-
ceipts. ie
The treasurys cash balance is steadily de-
Ginning. and instead of a surplus of more
imam S3,OOo,000 for the fiscal year as we
mad IN the same period Of 1903. there is said
10 De a surplus of somewhat less than So
OOo,oOO Government receipts were larger i'm
February than they were a year ago hut
the expenditures increased more rapidiy
imam the receipts so il will be necessary fer
me secretary Of the Treasury to call in the
adultional money now in the hands of the
national banks. Just the date of this call
has not been determined nor has the
amount of the cali, but Il is stated IL viii
PROBABLY be 10 per cent in addition to the
money needed for the canal payment which
would be $24 900 600 to be added TO the re-
serve in the treasury
The 20 per cent Panama canal payment
can sa from the repositories will produce about
SSO.0O0.O00 and leave the amount of public
money IN the banks at about S12o 900. 600
Inc balance of the payment about $40 oO0-
ooo. Will be withdrawn from the treasury.
The February fire losses in the United
states amounted to s9O,O51 Co., or more
than nve times the aggregate loss in Feb
ruary or last year. In Baltimore and
rochester the losses are computed at S13,-
BOO, 900.
The aggregate loss in property in the
United States naccount of fires from
1871 to 1902 inclusive. embracing twenty
SIX years, amounted to no less than &,0OO,-
OO.OOO. of which 81 .S2S 900 900 was paid by
insurance companies.
Banking interests concerned with the
payment of the $40 100000 which this gov
eminent is to turn over to the Panama
Canal Company for the canal stock says
the report that the entire $40 600 600 would
be shipped to Paris in gold coin is err
roneous. 1t was added that no exchange
had been as yet accumulated on account
OF this payment, but the intmation was
that credit had been established abroad
POSSIBLY by transfer of English and other
obligations to Paris, by means of which
the payment would be made. The report
that none of the canal stock was held in
this country was also denied. although
the exact amount of stock here could not
be learned. 1t is believed, however. that
good part of the s40,000.00O will be re-
tanned in this country.
1t is understood that the earnings of the
Pennsylvania system. so far as can be
judged from present incomplete returns.
VIII make more favorable showing for
February than for the month of January
On the lines west of Pittsburg the i'm
provement is substantial the business
having, in fact, regained normal proper
tons, while on the system east of Pitts
burg there is also considerable gain as
compared with January.
At the annual meeting of the stockhold-
ers of the Commercial Cable Company yes
terday the annual statement for the year
ended December 81 was presented and the
retiring directors were reelected. Gross
earnings from the cable and land lines for
the year were $11 .025. 633. Net receipts after
charging off maintenance expenses, re-
pairs, reconstruction and extensions, to-
gether with royalties, amounted to S.
J0S,55. Out of this amount 81 300, 900 In
dividends on stock, SS00,000 interest on the
outstanding bonds and debenture stock
and $oo0.000 in reserve funds, were deduct
ed. leaving a balance for the year of $751;
O55 The net revenue Increased for the
year $124,937 The reserve fund amounts
now to $5.372,5 $40 and the insurance fund
to 81, 020, S62
The outgoing board of directors was re-
elected.
The following officers were elected at the
meeting of the board of directors: Clarence
H. Mackay, president; George Gray Ward,
chairman. vice president and general man
ager; Charles R. Hosmer. vice presi-
dent; Albert B. Chandler, vice president:
Edward c. Platt treasurer; Charles +.
Merritt, assistant treasurer; Albert Beck
secretary, and John o. Stevens, assistant
secretary.