The Wall Street Journal from New York, New York • Page 8

'V TUX MONETARY SITUATION. THE 017TI.OOIC FOB IJOSEY. Th Jndk-atlone lire that the banks will ho Vjn -week' to the eub-treaaury about aa'hravlly ft thry did last week. Collnotkons of customs and In trraal remnje ovually continue larre until the mdle of Dect-inl, afttv which thne they fall off, the holiday trad bavin. own aupplkd.

Then also pension payznenta begin to run at the rato flOO, 000 dally, partially offsetting the payments of rev eaue Into the treasury, Last year the banka fcnrt 3,102,600 caah In the sco'nd reek of December and loans were cot down 1 111478,100, tn conaqwDoe of which call money i loaned aa hJrh aa 12. The bank atatement shows that deports iw rsow less toon on December 7, 1001, whtte the rwrre held 11,4.12,800 less now thna 'ayear The Increase of the eurphia over laat year la due entirely to a decrease in the reserve re quired. Loana at present arc 1,674,400 In ezceaa depoalta. A year ago the loan were 100 leta than the deposit. The total amount of capital and net proflta on December 9, 1903, waa an increoae of orer December 7, 1901.

All of thla In 'repreaenred. by the caah reserve held, apecie and 122914,400. All bankera look for a firm money market until currency returns from ithe interior in larger 'amount. NO CAUSE FOB AL.V11M. Baakera here are not Inclined to regard tho "of treaanry offlciata' with respect to the i money aitrntion aa of much Importance.

They say aenta during the current flacal year to date. The "expenditures" given below represent warrant, la the increaaed cash in general fund shows the actual excew of receipts. The decrease of cash in the treaisury is dueto bond purchases, i Cash in general fund: iy Dec. 6, '02. June 30, '02.

Changes, la treaa'y $147387,413 103,719,068 Deol5.8325R la bank. Total 200,326,185 Inc.G,3C083 riacalyeaTl9023: This day. fecerptj 11,819,047 Bxpenditnrea ftarplns 139,947 Fiscal year 1901-2: i fltipenditurca 170,000 1 iftnrplos 1 National bank, notes This month. Fiscal year. 10,70076 fa, 183,425 9,475,000 230,841,227 412376 110,074,678 247,77290 7,805,000 212,623,688 $2,209,678 $35,148,608 received for current re- elemption: This day.

this month, fiscal year, $70,024,712. txpenditnrea 2,13,000. NATIONAL BANK NOTES OUTOTAiNDIXO. Washington. Currency gold aotea total national bank notes isaaed, six dajs, $2,266,840: national bank notes destroyed, six days, 2,274,560.

"5" BUB-TEEASURy STATEMENT, (Jone Into Gone out .7 banks. of banks. Dee. 6,.... $3,731,000 13.457.000 8iao Friday.

5,739.000 6,925.000 Loss. NON-MEMBER BLVJNKfi. 1,166,000 BANK DEIUOmS. 1Hheie were 19 banks reporting less than 25 reserve in Saturday 'a atateineiit, 9 national and 10 atete. This compares with 18 banks below the re-erre required in the preceding week and 25 in the week eaSusg I)eceinber 7, 1901.

iNon-membex bank statement, week ending Dec. -Cth: Loans and discounts increased specie Increased legal tender inereaaod I232.60O; vtVposHa with clearing house agent increased deposits increased net deposits circulation creased 8,800. BoHon Bank statement ahows reserve de-reased New York reserve increased P3lhdrphia-The bank statement shows snr-fins veewre decreased $MJfi50. kj? k' -a MONEY IX OHICLU30. Chicago.

Money is being borrowed in Chicazo far six at 6 fvr commission house business whkh affords good ilhistration of bow local com-eqiesiosabooses vierw the. monetary situation. East-era bids of the same figure during the past week wereirot gratified, which again Indicates that local ineritotione feel their money will be folly employed 1a taking cere of customer and western banks of the city, according to the call, are slightly under the legal requirements. They have lost fully fl0.000.000 in country deposits since Ppt ember, and very little of this is expected -4e retnra bf ore the middle of next It Is rtkfa rendition that is keeping money ratea high, Cily. time will relierre at the clearing house-loaned mostly rtf.

hew York funds eold at tliVtizz discoont for cash. DOirrsnc exjcilvnge. vrj feelBl Uj.i Serke Co.) 1 15c. premium; Cincinnati, 20c. LouiiTi'Je, par; PittsWg, 25(35, cominaL COLT) WITHDRAWALS FBOM LO.VDOX.

Lo- Inn. The Iiaak of Eng-'and reports with- ir- cf If in rwJ and recerpts or 56,000, V. ret Icrs ef iio.utw oo tae day. CALL AND THIS ILV.TZ1 MoiHy on rail loabnd a stock 'exchange on Honduy at 6. and Zf, cWug at Zf.

Tjw tuoouy flruilj held at CjrVTt plue a pooiuiluIun for 30 duja to 4 iioi)th and Cjaflf for 6 and mouths. The market. for rouimercial pnprr dull. rte are Cf for choice radoraemenU and akto names and for othera. The su treasury' was creditor at the clearing hfuse on llonday 103,977, There were no Impart ant disbursements and Internal revenue eoltnetlona were hoary.

The banka have lost to the uh-trea ory alnce Friday 11,161,000 and for the earn period the aoVtrvaiury waa debtor at'tMe dewrlaf house 108,202. The airb-treasory transferred Tor baaka 1100,000 to Baa Pranclaco. AtchUoo. tu 6U BaJUaaore A Ohio. Aw IWUrnon pf4 a Brooklyn KapTra Loul lUe Naak.

6 Metropolitan 0 Mteeourt Cantral L. -a. 1 kiviiuwm. THE LOAN at the money market ha. the moat g7d exporU an' nothing in the irouoiriwnB aimcuuiea xaai 11 nua 10 mce aim that there is not the reason for doubting its ability to take care of the paymente that hare be made from now to the end of the No 'large anma of money call for payment before tho of the year and most extensire precautions been taken by everybody so that it la safe to 1 aay that the atreet baa prorided Itself with all the money It is likely to want from now on.

It is not 'at all unlikely that money rates may be a little higher, but the Idea that there will be any serious stringency, i. ridiculed. THE TREASURY STATEMENT. Following are the essential features the 'treasury statement at the closing of business on Dec' 6. The-caah in the general fund on June 30, 1902, is given in order to show the actual disburse- MBkra ad aekra Paoise ITaioa raalfla eoai.

tu ft THE FOREIGN EXOIZANOB yiianET. The foreln exchange 'market opened arm, with demand sterllog 47204.8730. Offering of cot-toe bill, are fairly barge, bat grain bills are still scarce. There no steamer until Wednesday, tad th inquiry for remittance isnot urgent, although 1: la The foreign exchange market continues 'Arm with demand sterling 4.672004.0730. Offerings of bills hare been fairly large and the rohune of busi ness irood.

titerllnsr In Paris is steady and there aituatibn to indicate the probabll- roaHW BofcinatlMr CM Starting opaa 4 87734 1788 do clwa 4 67734 aTtS rraaaa opaa I It lew 1-1048X do eloawl 1o laaa 119-15W do eloaad UK QaUdaraopaa do closed lUrkat opanad flraa. Harkat cloaad unchanged. 4 67304 rrao ,4 TS04 8TM 13K Um 10 laaa ass-ia 40XH6 London. (London diaoounta 21; I'aris discounts 2i nncbAnged. llerlin diaconnta 31; anKaanced.

SDara 4 BM1.4 WS 4 BMA4 85 ley 4nia-K at-XM8 X-161 advance i. Pans exebanfe on Jxndon zarr. 144c; deoline i centime. Berlin excbanire on Lonoon ZOm. ae- cline fpf.

London. -Paris exchange on London erased AXf- 1,1. I. 1 I MONEY EXTEQTED IN OEJULVNT. Tbe i'aris "iconomiste Jkuropeen" roporia through its Berlin -correspondent that thare has hitherto been a sufflciently clear money market in Berlin, with moderate rates daring recent liquida tion, but that a sensible advance in the demand for accommodation seems probable for tbe last fort- i night in December.

Tbe demand ia in some meai- rowers in Europe. PRESS ITEMS. The Mexican government haa iaaned state- nrent showing taat on account of fluctuation in tne price of exchange Medico pukl In ailver $14,000,000 more 'fur imported articles during the fiscal year than during the previous year, although tbe actual value in gold was about the same. New York, New Haven Hartford has pur chaser! twenty acres of land at South Boston and will ucquire additional water front adjoining. Large terminals, docks and warehouses will be erected to facilitate the export business to come from the Pennsylvania system.

The fight against the tobacco combine begun! by the central federated union. AH unions will be by the central fedeated union. All unions will be asked to assist hi bringing the combine to terms on the ground that it is selling non union made cigars. The central freight association has adopted the higher schedule of rates on iron and steel as revised sy the trunk line committee. The higher rates will go into effect Jan.

1. Advances In rates on grain will go into effect to-day. rVhf ma af ha WrW Work. uiraa -a ua ruaii rvRiinmifi. The North American Coal Development Co.

-VjSG AdvCrtlSGrS lias purchased eight and a naif square miles of coal lands in Cape Breton and will develop the property. Mr. William Prendergaat of Nw York is president of the new company. Internal Revenue Commissioner Yerkes states that bv the two acts abolishing war, revenue, taxes internal revenue has. been reduced in'the year, end ed June 30, 1902, by about 100,000,000.

It is attain rumored in Mexico that a New York syndicate stands ready tQ furnish that, country with sufficient gold to firmly, establish It on a gold buis. llie sum named is 150,000,000. It is reported from Baltimore that the ques tion of consolidating the Hammond Ice Oo. of Bal timore and the A merman Icf Co. ia nnder consider ation.

v. r. It is reported that the ship'trust has raised the freight on diamonds to' five times tbe old chargcand that the new rate Is almost prohibitive. President Williams, of Seaboard Air Line, em phatically denies the report that Seaboard contem plates doing a banking iwelnesa. It 'is now pretty generally conceded that the Pennsylvania tunnel be passed by I the board of aldermen Tuesday.

Lackawanna official are preparing a plan of redjuttmerrt which wagea at employes in all departments will be advanced. Siemens Halske have acqnired (The striking ahop employes of the Wabash sys tem have voted to go back to work. Wise Investors read, study and profit by brtti a tn t. 1 bai IWa.114 ho Wlh tha Tarl it 1 fat.DtiaotaaUaaatrua Watia. Btacakmr Wrir, THE ANNUAL FINANCIAL REVIEW CANADIAN tsarjD ktot jvtt wm arraaiuz iir jaxvakt.

A amrefnTtT leibaa praota ef faeta mevarajaa aaeorltk an taa kfontraal aar Tnrmto ataok Hjraaanma. Olaee eurranl eooual lUMrannra, hkraaM anU lowaat prima, faraaefe Bvatli for im rran. eauiialliauoa, axad ebanrae, vara- aipa ana a mm or anaroMOna isrwuaaw to oaaaere. btm taraeton aaa ell Saaaetal loauruuoaa. Subscription.

93 per annum, Fmeartaadeeadl ltllliltlllllttl Itl.tl III.IIIMIIII Bead Office, The Annual Financial Review, Montreal, Oue. Eadoaed you will find fj la payment of anb aerlptloa to The Annual Financial Review for tha caTfcat year. IIIHlHIHWWiWIIWMIIrtMWMimMW.IIMH. W.S.X Mlsisaa aaaaaaaaaMaaaaaaaaaaaaaassaaa HHIIHMNIHHlflHHIIHMMllMNIl -Iierun exchange on London elosed 20m. A Tin I VSiS OT KH man KPTinnS.

decline Inf. -v "-r- 'l H. C. 0. BARNABY, Editor.

Answers the questions Investors ask. No other book covers the same ground. 130 annual reports rewritten on one uniform basis. Valuable statistics of Freight kates. 150 pares, bound in cloth, $.

Metropolitan Advertising DI5TRIBUTIN0 A0BMT5, 6 Wall Street. New York City. Sample booklet upon application. THE WALL STREET JOURNAL All the truth all the time." best influence investors through THE. WALL STREET JOURNAL "Reach the rich to reap results." DIVIDENDS AND MEETINGS.

At a meeting of the board of directors of the Century Realty Company, Messrs. Charles T. Bar ney. John and Charles W. Morse were elected directors.

Philadelphia. Directors of the East Mahanov K. have declared a dividend of 11.25 a ahare, pay- aDie xiec. 10 to atoca oi recora tor. ao.

JThe Albany Trust Co. haa declared its third regular' aenu-annual dividend of Sf, payable Jan. to stockholders of record Dec 15. une cmon Trust company will pay a quar terly dividend or on Jan. lu, raising the annual rate from 40jf to 50.

The annual meeting of Swift Co. will be held in Chicago, Jan. 3, at 2 p. m. Transfer books close Dec 18; reopen Jan.

6. Celluloid declared the regular 1 quarterly patenU for Professor Pnpla'a lef diftaaee tele- dend and an extra dividend of 2rf, troth payable phone invention. Francis TTilley 4 Oo. ef BradfordEng, will boild a 1200,000 woolen factory at Senth Bsrre, ABOUT DINING ARS. Csrbondsle.

Pa-A Amurtren wrock-eeeorrea tjmTKfrCU-c tXaa is tarre la tea on tV Mobile a Ohio Eailreed star thu pliee, ia ulMalt-tcy. A to rU ea all rt, a tyWntia hnV Lifh two lives were red. jet been learned. Th WarU'a Wsrfe.n 'A aiiparNf inmtraM wnamir aMtaitna Moa nm wvrm RMira ciAa ri lorwrulir AIM IB ttraaUiialy Ibaa aay fHar puMteatiop la aiiauiaea. Wtat tb Dilator jf Trt Km Ubrary an of 1 "Taa WarM a Work." SaaMTarr.

lanr. a.V, awk1. IWe, If prlaa wara In rw aw1ad by a rampniam lury to iWa bmlaatMint air.lnr la annua Initilllfml Amt-U-mn rrilr, I alintiM aubmlt "Taa Rarkl Vila unAOfnraihat.Umaiiar. mannran1ipir1.wlthtbaBi Iwaulirul III Mraikw.oul4 via rlfat ptmrm. la matin a Iim of iha hw tmml rMb In Cnr aJrtuw an naraoa nr piara, I Una thta ramarka 4a i'olhl annnc 7 rl at raoummanila.

lona. I hrllrra Iba ma einuiatio of m-h a kiiuIm ia mora vaiuaW ibaa tba fouollncof a aa wIim. aiaaa aaLviL Ivkirxr. BacalMT rHea, Vr, Wa offer these twe books and a year oi "The World's Work, worth $7.40, for VD0 down and $IXhi month for four moctha, nuklnf onlr $5J0O altotctber. Cut out thli coupon and send to with $1.00, and the books will be sent tou at once, prepaid, your name beta? entered on the msraxiae for one full year's subscription.

(If you prefer you can remit $4.75 at once in full payment) DOUBI.BDAY, PAGE 4 vine) aqraaa ataar. Raw Toatau VIlAKCiaL. has a book called The Empire of Business," which crystallizes the results of his experience ia builJin' up the, largest business ever created. It is a work tf practical suggestion and literally worth its weight in to a young; mnn Who Will Study It nd take intelligent advantage of Mr. Carnegie' advice.

It 'ia an expensive book (3.00 net), but we make the following remarkable offer in connection with our magazine, The World's Work" 1 TNG EMPIRE OF BUSINESS Dy Andrew Carnezle LIFE OF ANDREW CARNEGIE By Barnard Aldersori 1 THE WORLD'S WORK" For One Year rrMiMiwa. iuinc upna nl ajaltanat lpr McaJ rx on); Mr. Ct0f. Tlx to II win tiima. Tha A ll nf Unify.

VaaRh an Ita Tiaa. (rrw 10 Va ronuna. lh Rorahoaaf TruaU. i i 00 Down an $1.00 Month for 4 Month Aatudyof thanaaajaakitUrtkr aaraart Ajaanoa. Vr.

CnfU1 mrr to lany arayt aiora aaatxjlar. tnloallf A marl fa Una la earawra rf bora bora hi Uikl ounirr. at aa waat tat tha aa Waaa wtiaout frianda aa aaat.ata el aar ktn. aa4 boiVi fiaaima) br kia ea rvanHlnary hUMa'tra. la taa afapanuoa of thai voluaat the author an4 pabl feban bare hat fa aanateaxa) aTaanpO know Mr.

Caraatle brat, ar4 taa boak e-talat for the I rat tlaM aa evteauat raeara of bee bnttev a'nia ba eareer, a trail at taa workinf ant Mean. BUeralar. art. ft. 40 BtiBlL.K Paft aa I al Kaat, ej.

rkaiimfmTfc. Keaalre Hmmtw" iilHlaari far. rnianna ear naiue eiaeoa ana tvarieva want" itou rr imu for Trer rroia oaia or wan I eerae -te paf fi.vA a aa am ptiroi a fiw a Ma A4draai. -00 a) I atai laetaUi bMaajaj ali me i "jou mat. nxawnau STATE OF AMAZON AS, Rublic of FIVE PER CENT.

GOLD BONDS OF 1902, INTEREST PAYABLE IN NEW YpiUv. Tbe State of Aejeanaathat hane4 tie naeaareeat. W) eeMBoadi In tbe enireale. ajaonnt of eoe mUlloe St haadre4 tbnoaiad eennei (UeW0). datea July 1, Itca, nxtramabla at tbe rata of aetbirtwei a-aMb) part per aaauak fne tbe pnrpnae of refunding lie enUra State 4ht and prorvllnf fund for pa NIC purpoeee, Oaa-belf 04) of tba bo It tarad for pabtlo eubacrlp- tloa, pm ukaewi to bare tbe beneflt ef January let eanpaa.

Tbe State et Aawiawiaa una nf the wealthier Btatee ef Braifl. end at nine lliuae htriar than yew Tork, Hew Jareay. feanayU ranla and ataaeeabua, tie oemblaed. KY tbe erarsa at tbe pureat rubber. It exporayet vbiok bare laereaMd trnat T.eHStoDa la imm to nm tone ta wn-w.

Taeae beadt are aseatet fmat ell taxation, and all tba reremjee of tbe 8Ute are eapeelelty eaaraad wtUi the paymaat of both -principal aad Interact. Total axed ebarrae feavaaa, aaaual rereetetof tba Blata. IKI-'Ox, eetlmated for ltnaxa about KOOanon. rerai of Bead aad ond Aa-ifanwut apia iad by tbe Bra of leBalaa dt BaeaelJ, aad tba Boodt carOSed by tbe fyaaSaa mu aTraaHlaa ataak, Aeplleattea will be amae to Uat tbeee Bandt on tba New Tor aad London Stock Ixebaaeea. arrni will at aterBiras cr t'joj atacKnaiEit isTat, arb, SHerLw ar- BKeaBBI TO TMB IKBBBeiBRaTB AT TBB HeI.I,A; BOVSB, RBW TOBK CITT.

TUB KIORT is ansavis to Buries art arb ill arna. Dr. Porfirio Nogueira, Dr. Eneas Martins. poelal Bapraavatatlrea or aa GoveramaaBt af AanaBeaaa.

arrrtan a a Lata. Arerieiv BAi.Ba. Knickerbocker Auction Rooms, 8 West 2Stli Street. An Art Event of C. E.

SMITH, Auctioneer, Unusual Importance. THE VERY VALUABLE PRIVATE COLLECTION OF' PAINTING 5. by foremost masters, formed by tbe late GENERAL CHARLES M. REED, of Erie, will be placxl on exhibition la the Winter Oarden of DELMONICO'S. TO-Day (Tuesday), December 9, also 10, 11 snd 12, Day snd Evening.

Prior to Absolute 'ale ia the Grand Ball Room, Friday Evening, December 12th, at 8.30 o'clock. Among the artists of prominence are important examples by EUGENE VERBOECKHOVEN. JOSEPH JANSEN. VICTOR GILBERT. CASANOVA ESTORACH.

THEO. GIRARD. HUGUET MERLE. M. TEN KATE.

B-CKOEKKOEK. F.WILLEMS. THEO. WEBER. LADISLAS BAKALOWrrZ.

ERULE VAN MARGIE. TAN MONCHABLON. B. J. BLOMMERS.

CAMILLE DEPLY. P.SOGNAC CCCKBINEAU. JACOB VAN STRIJ. P. GROLLERON.

E. MUNIER. FRITZ THAULOW. Including the two master works by Adolphe Schreyer. Two noted examples by Meyer Von Bremen sad other of renown.

Sale by order of T. A. Lamb snd C. M. Warner, Executors of Estste of Hsrrlst W.

Reed. Illustrated catalogues of the Reed collection mailed upon receipt of price, 25c. The Entire Furnishings of the Reed Mansion, comprising the extremely rare Antique and Modern Furniture, Objecta d'Art Soulpture, Tepeatriea, Rugs, Silver. Cerarhies, Stelnway Grand Piano, Ubrary. Textiles, Curlea, Hall Clocks.

Wall Coverlnaa, Embroideries. Articles of Virtu. Adornment and Utility. WILL BE ON EXHIBITION WITHIN OUR GALLERIES To-day (Tuesday), December 9, prior to abaolute sale, Wednesday, December 10, and' afternoons following at 2 o'clock. Cornelius at hie house at A Saradogi son RiwT Wat aider a propos from Anthony the report tha' nrin nrn'il" mmmjm AdvtrUiemenli of Positions WvUdwiikMit iitfUy in tent word, each murium.

Ditfhiyti mmuuHcemenU tU tptciml rmits. WANrED fcemon la broker', ottoe by a jouag ataa oaa refer to New York BzolMUue broken. Addreai Box 4 Tbe WaU Blreet Journal. AK IVTEBEBTINa PAMPHLET. "Haw Street Oats Its so lBtaTeatlm foar-vafe pampbJet Uaned by Tka WsO Btraat JenrBaL New Cepioa of this pamphlet will be famished oa application at this office.

Your advtrtlf ornent placed hero would be read by thousands of rich people. If ISCELLANEOrSL is ill with typhoid fever 22Fark avenue. disivatch announces that tbe Hud- Power vo. wiu va ir-v. in Hon to increase ita camUl stock to 3.000,0(U.

Ar has refused te confirm or deny a man viv- companiea or rarie mxo cor- Tfc. TiriW rlTan by taa ra fMlc that the Ores! v. Xl) 7iT rjlVv.n camtalists. tiAra-TkUaJBaatekaataa Beat Melas Car Bavrlaa t. tha uuu I mtl wfil ass as 17qW ay the yetrras wao krra aaed ttlfttas Taoawafleef Uttats taaltfy this fact- i.

Wtter ssaal aarseH eararaa ta aay hatl er mtarajrl ta tk "If hi ranSE TO-DAY. U. 6. Ste' pm. Ieetisgs TODAY.

jjew Ob' jlCeal. Celts Ar Co. Ibeaiaraeter. xeeTUT 196 FULTON 6THKKT. Grows with your library iSCBIaBBOgS.

PR I NT IN The Evening Post Job Printing Office ABLEi ACCURATE. ALERT. Bxtraot froa eaa af bmbt letters ef araiae reaelTaS a. af reur work eaaaot i aaiaa i Com ar Breafwey ttVTtrifvcVL. 880-382 Broadway Orlan Clyde Cullen, C0CNSELL0R-1T-LAW 0.

6UPKEUB C0UST. CGrST0 ATTOKJiET U. S. PATESI 0PPJC1. Unitad States and Foreign Patentj Tra8e Marke and Cepyrlghta.

poo tv tt st. xw, WMMNttoa, a PATENTED DEVICES NEW MANUrACTURINQ PROCESSES toveetigeteS and their utUlt delarmloed. rrwapt eerrtee. BBLLMAN SANFORP, Churell Street, Cor. Ctlanet.

N- T. TaL lTW-Certlanat. IV M. LYON, 1 ADVOCATE. IUUUTBB AJTO aOUCTTOB.

aWiaaer at Sa Bare af start aa4 Saebae. eotucTiora tAmrt. saaaAL rajumcn. Sil Maw York Ufa Become Meatreei. Casada.

flSmc, i MARK C. FAKR, Csunasllor st Lew. CillianaHnl fl 1 Se eat ef aeasa; aaerem)r atalaat reaoei. a MS 6Ut Stat. CWaaao, IB..