GRADUATE MANAGER'S REPORT.

The report of S. L. Fuller '98, graduate manager of athletics, shows that the only organizations to finish the year 1898-99 with profits were the University football and baseball, and the 1902 baseball associations. As was the case the year before last, the football association paid most of the expenses of the other organizations, by finishing the year with a surplus of $27,745.96, which is a gain of about $1000 over the previous year. In addition to supporting the other branches of athletics, the management has been enabled to expend over $13,000 on permanent betterments and improvements, as against $10,000 last year. The expenses of the boat clubs have been much larger than in former years, owing to the cost of keeping more men in training, but, as the membership has increased, the deficit is about the same.

The total expenses and receipts of the different athletic branches are as follows: Football Association. Receipts,  $37,985.70 Expenses,  10,239.74 Balance, profit,  $27,745.96 Baseball Association. Receipts,  $11,364.65 Expenses,  10,677.77 Balance, profit,  $686.88 University Boat Club. Receipts,  $5,147.10 Expenses,  10,530.08 Deficit,  $5,382.98 H. A. A. Receipts,  $823.43 Expenses,  4,245.47 Deficit,  $3,422.04 College Nine. Receipts,  $16.59 Expenses,  111.83 Deficit,  $95.24 1902 Football. Receipts,  $1,494.37 Expenses,  2,010.99 Deficit,  $516.62 1902 Baseball. Receipts,  $1,508.75 Expenses,  1,229.34 Profit,  $279.41 1902 Crew. Receipts,  $2,250.00 Expenses,  2,526.00 Deficit,  $276.06 Lawn Tennis. Receipts,  $976.00 Expenses,  1,000.74 Deficit,  $24.74 General Expense Account. Receipts,  $2,520.86 Expenses (repairs, managers' expenses, etc.),  6,116.20 Deficit,  $3,595.34 Permanent Betterments. Grounds and Buildings,  $5,367.44 Balance to profit and loss account,  5,367.44 Profit and Loss Account. Expenses,  $20,286.56 Receipts,  28,754.57 Balance carried to permanent betterments,  8,000.00 Balance carried to profit and loss account,  468.01