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New-York tribune. (New York [N.Y.]) 1866-1924, November 30, 1914, Image 13

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REVIEW OF THE
WEEK IN FINANCE
Ko Pressure of Foreign
Selling When Bond
Trading Begins.
OUIET RESUMPTION
1 ON THE EXCHANGE
Prospect for Activ Business in
PStocks Favorable - Bank
Surplus Still ?reat.
, , ?eck eow IB* rvpTiTT.ent of
tur re-|
?^ 5 trad..- in .-ir.sf._llv
flOOd Of;
?'. 0nl>. ?'
?ist de
u check again-.*.'
: v eabU, ai..i th?
t down
until a little be
? .where
. be i et iet
?'??TiK.'?? that th. trad
Uff ?3 S .tu. Hier and
and it i. r?
r . il
, conducting
r? com-;
. -.il, de
.1 that
eaaes
???aUttartl > mad? at the e oa?
SS??ar at th? ?ad of July. ?????t
K result* ?f ?te -? weeks
during which tl w -?-'? M open deal-,
inr> had heen hilv.r?e.
V'hen stock? ere ?ct vely dealt In on
the floor speculative influences will b?
more in evid-i.c?. bu1 h?W, too, tho
w-iMure wi!! not le nil one way. Stock
ixchtnfe'* -?' : centres in this
country, at which I more,
lirrc'y c I '!,,C!* 8re
preparing to resum? ith few
?.s, nr.d abroad the I ans
Bourue II ?<- begin o] en ea?h dealings
a week from to-day. Succe??ful trad-'
should ha 'feet in i
I " d
afford fr< markatB to
meijur.'
Ample Hankinif Facilities.
Here oaf banking -tr.Tgth \* great.
Clearing H lion?, la spite of
greater freedom in loau? daring th?
werk, bul an average r-urplus of over
f a than
irday, EanmcT
? en further reduced, tad
local Clearing ? tea, it ia
!. will prohahly all be can
eilled by the end ol
Early in tl foreign ex
tunge' narl etoi ?lena of
. -. d require
r
"\
High-Grade
Investment Securities
knanth-K?diD?)^KuhTi
New York
INVESTMENTS
We invite those with funds to
invest to consult us.
Efficient and reliable service,
backed by many years' experi?
ence, are at your command.
Municipal ind Corporation
Bonds.
W. N. Coler & Go.
43 Cedar Street
NEW YORK
SB CURB *_____!
Our ??jjre- ? wire connection
us to
'ntaer
naa
..A ' ?? of Ranks. Btoek
ar;_ iniil
solklted lially i loa
mt ?notation Usti furnished
??lier? tart tore fitoc* F.aekaagt
I ?WAT, R. T.
Prosperity Here
?Darican Su?ar Refining;
Bethlehem Steel Corp.
Central Leather Co.
G_-Un NCI LO.NE & CO.,
**Otimlmm. NOW Ya?_L
Henry Clews & Co,
K.....
iK i.M n wt.r.
?
?n conserva
lie^. .
tk.7^ treoaaii) .... .,,) aabj?e1 to
??_ " d on daily
??a.?? -, .
DIVI?KMJ .?ill? Y ?>. _^^^
e.s?i%iT env
?
uients of open bond trading. Demand i
sterling, which hud close?1 *,he Satur-J
day before at a little over KI8, rose aj
cent n the round on Mr>< d-iv. nnd Oa I
Tnaaday reached 4.SK*. Th?- da* fallow?
ing there r?? rather freer BOlliag Bfld
the jTiCo reacted, as it appeared then
that the amount of foreign r-elling ol
our bonds that \,ould call for ren.it- ,
had boaa overestimated. Com-j
mercia! billa, however, were withheld ?
from th<- market in expectation of
higher prices.
It was not found necessary for the
managers of the gold pool to offer,
exchaaga. Undoubtedly ?ioir ability
to ??raw against the balance they stiil
? un-..- .-redit la London I
. I I pr*
an ascent. Representatives of the Brit
lab Troaanry, who have been conferring
with our authorities on the eonraa of
iatematioaal trade between thia eoaa
trv und Eaglaad, returned to the other
aida, where eoaforoaeoa will be roanraedl
?TO] i.'.vo American finan?
ciers.
Uur exports of goods are doing
so much toward canccilinr our obliga
.l.road that negotiations art BOW
I to guarding against emer
Ready to Protect Our Gold.
Should fore.gn holdings of our se?
curities be returned after ail in such
i
frinio balance in commodities and
threaten an undue draia oa our gold.
thofl unusual remedies will be called
?ara aadarataod to in?
clude establishment of a large credit
in London ago.list which we can draw
exchange, aad payment for stoexs ..ml
abroad with negotiable cer
?fleatoa of dc-putit, which could be dis?
counted in the British market. The
bankers' gold pool has called on sub
(.:..' ooo-qaarte! of the,
$100.000.000 pledged, and ol thl
.shipped 110,000,000, 10 here are means
backing at least any sudden
? ? rliag axchaaga.
i ..-.* lij by tho lower tar,!T, imports
... volume, but shipments
are sufficient to add steadily to the oiT
BOt agaiaat our debts in Europe. < ot
ton is moving slowly. Wheat and flour
exports hold up fairly well, though !
there is not the overwhelming Eu?
ropean demand for foodstuffs vf some
weeks back. War orders aro coming in
and being tilled wh;ch in the aggregate
reach lurgu total?. Exports of flaiahed
Btaal as yet are light, but Impoveir.ent
here is indicated, as producers art
showing more inclination to make price
concessions.
Though lending institutions hero an?
nounced that foi a timo they would
hold the greater part of the reserves
released by the new banking laws, bor?
rower-, were able to make aaaiar term ?
? the middle of Iba week. Call
was ??'.if aa low as l'a per cent
so liberally as to make unnecessary the
pool proposed to furnish accommoda?
tion on the opening of the axebaago.
Time loans on collateral were made at
the same low ligure. Commercial paper
of tho best quality was in excellent de
hore and in the in?
terior, and was generally placed at 5
per cent.
Discount Rate? Maintained.
The Federal Reserve Board refused
to oblige borrowing centres with lower
discount rates. Washington officials
had been so emphatic about the release
of credit through the new Reserve act
that misconceptions of the principles
o? redisoounting have naturally BnBOB
in some quarters. It is not intend* *1
that a member bank, having made a
?-.lmercial paper, ihoa] bo
able to rediscount it at a profit, lend
the proceeds and then repeat the opera?
tion over and over again. For each in?
dividual institution redistount;ng will
be an exceptional proceeding.
The poaaibilit) of obtaiBlBg fund? on
commercial paper from the regional
makes it a liquid asset, such as
call loans were supposed to lie here
when the stock market was open. Re
dir-counting will enable member banks
to extend credit to customers whom it
might otherwise have to put *>tf, and
will offer a ready remedy for depleted
rea. The regional bank:; will dis?
count at a higher rate than that pre?
vailing in the open market. So ?a", i,
? broa.l bul market is i
the first resource of a bank wishing to
realize on part of the contents (.f its
portfolio will be there ratner than at
the regional bank.
la London discount rates hardened a
I little as a result of the new loan, but
w.-ro lowered again before the week
! had closed. The Bank of Kngland'? re
1 turn showed comparatively little effect
; of the government borrowing. Beyond
r an advar.ro of 14,000,000 in loans, de
- of idle money were ?9,000,000
greater and the re ierre percentage fell
back to a little over 'II'?2 per cent from
'round M per cent the week pr?
Bullion holdings made a small I
lesa than ?360,000, but ?1,000,000 more
' I. ! been - < | B IM I?- rr c! ', ?' I
I the new Treasury notes. There are
now reserves of _ 12,500,000 against this
aaaorgoney cu.rency, and it la nppar
eatly the mention to add f itther to
this acra until there is ii lank an
?amount of gold equal to the. :.jtes out
! standing.
WEEKLY CURB TABLE
_
INDISTRIAI.S.
.-V* ? i Low. Last Cbpo,
1W Il-A ?: ? . . . .
loo : -
do pr*f. ?i a 4J -
... , -
tOO Marconi of A in ! -, :
lWi Mai bat Tran '.
. ? 11'? ? '.
Ml .. 41 I? 4? -
i; er d M-..' . - ? ?"? * ?
I.M0 ?do right?. I?, ft T> --4
. - '?
? : r H
?i : -? I I't. ? > i ' i- ?? ,
loo U s i. a n ?new la 3'? "? ??.
Willy? Overla 11 1
1,4 I's Film... {.*-.
STANDARD OIL BUBSUtiARIES.
1.1.0 Anglo Am OB.. II 14 14'?,
ruf.... tu t ?i. it
? r I... 114 :??- n _ 2
4
-tit P I... II 41 41-1
13 *'-.': ta tend P 1. a M N -
?! I'.urek ? P I. ? ? ? J 4
30 ?I??), r. . Big OH 175 175 I '. +8
M Indiano i? i. Bl . i
l.l Nat Tr?n?lt.. .81 : * M + 4
*,: Northern 1" !.. 100 t? :?'. -f (
1? I -rlO'?j
170 I : w 1?4 14 14-4 ? >?
lir? Prali e O A Q 4'., ?-i ?rr.
U Hfllnlns. Ml : t * MB - ?
161 r?v :>, 1'tnn ". ? 6
i - .? ? t, r :. -
? !
179 Btan Oil of Cal : ?? : .i : i .10
n of Ind. 480 - ? .
+ 4
\
+ 10
;
??? - i -t SS%
. ??il of olio* . ? ?
M l'nlnn Tank.... ?7 B sT -+-7
7? v.. :?- I ? -til
?MUM I.I.I. WK'M'S RIGHTS.
75.^0 ?'it Hai . '. -\ -
J 1 ? ? ? ;?, 0% -
m i mm;.
r.? Ml At anta . |
? ? l
? ' ' .
" ? ?.. \
I1?
lit. t?
r ? ?
?
?it
lie? ..
Its It.
14 :?/> ?! lor* ? -
, < 'on? .
.?. ? v .??-r
i ?' llallfaa
. "V t ?
O 1 ? t.
???I. \
? ...
?
?? '.
! xwo Nevada Mil ?
Wo? del
?
'
?
BOND?.
? - ; . i ; :
? tMlii .-?i.i? lAi ?Lai?.
PARIS BOURSE TO
OPEN NEXT WEEK
Oniy One Hour Sessions
Probable?Rules of Bank
of France Relaxed.
; 1/ ? * > to T_e iv.iu-if )
The tollowiag agree?
ment ...??? been reached between the
' ri-.ler and the compar... of
... brokers: ] h? Paris
i?- reopened ou December
~ for tradlai in cash exclusively. In :
conform it] i Ith thi. decision th? pre?
fect oi polie? '-'.l? issuu the necessary
order for reopening tiio mai ?.??'..
It is stated here that the reopening
of the Paris 1.ourse coincide* with that
I] Btteot-, whereas basinoa
? t ?-Xj ecti'ii to recommence 01
London Stock ExchaagO be .'oro 'lie
? of lie?, ember or the beginning
of Januar;-.
It was lirst proposed to ope: ??
Paris lionise on Pecembcr 1, but it
was needful to delay th? raojM
-? cure the :
to th? capital "f the ledger of th?
. ice, which wai .v
ordeaux.
rraaafoi <>i" Preach rentes can re
i eminence alunit th? 1171 h or l?th ins*..
reoorvod for the
of the public dent in Paris are
th? eerv.ee of tlie national
defence bonis.
Basin??? men think the duration of ?
B? of the stock marke?
should doI exceed one hour foi the
?, trading being limited to tho t
caah market
. the governor of the Bank
of Frai . . ri i circular) contain
i action?, to the man
to assist
nial operation? by allowing
creator faeilitiei in discount operations
and relaxing the application of the
rules concerning guarantees, etc. The
extension of commercial transactions
?rill follow the progressive development
"f the new discount facilities, which
are to be proportioned to the impor?
tance of genuine trade dealings and
the value of the signatures involved.
Th? extension of credit on current ac?
counts will be granted to customers of
the bank or its branch offices for per?
sonal requirements without other jus
tifleatlon.
The Hank of France will increase the
limit of withdrawals in cash from $1,
000 to $2,00(1. Deduction will be made
for money withdrawals ma?!o by each
borrower since August i last
Subscriptions for the French national
defence bonds equalled lately 1160,000
000. Tho Finance Minister obtained
greater facilities for subscribers in
lot nullities and the Inmediata posses?
sion of the bond certificate? already
mentioned. Now the Hank of France is
willing to negotiate these bonds of six
and twelve month-' duration by ad?
vancing (.ii the certificates 80 per cent
of their face value.
COURSE OF WEEK
IN COMMODITIES
Declines in Nearly All
Lines, Including Grains,
Cotton and Coffee.
Irregularity in the whent market in
the early part of the week jual ended
was followed by a slight recovery,
whleh wa? more than wiped out in the '
slump of Friday, against which Satur
figure? showed ?. recovery of '
?bout one-third. Up to that time price
- had been narrow and of lit11 .
q lence. In the face of di
port sales running close to 1,000,000
i and reaching about
bushel? on Friday, the sharp decline
! Wa? a striking conimei.'ury on the
ivenesa of the mark? t to
; conditions. Among the chum for th?
, drop may be mentioned the steady tad
? slightly increased volume of country
lent?, which gave ?Tidonce that
?? were w?;i ?atiefied with pri?es
be ? 1 on the export demand, sad were
willing to reduce their stocks. An?
other -.'.ii ; an extremely optimist
.mate of th?? Argentine crop now being
barrel ted, i sed by the government,
but on careful analysis later regarded
r. her ?kepi ieally by a ?
;- hire. Liverpool felt the lam?
influence and declined a penny a
1. but, like our own market, made
? partial recovery o'i Saturday.
Ibo rally of Saturday irai
ich lo covering for over th
end as to any otL : eaase, tad B belief
' thai the t< ehni?
t receipts for th"
642,000 1 . "ss of
?l ?? prei loe
ore than for the same week las!
i ?
?howiag e deeliae of 627,000 bushels
!iinoth?T increase in ihc vl
pected to-day. No. _ red, el pi
quotations, is only %e above the ?gui
of a month aro, although i' is _::'_..?
? the pri?e Of ? year ago. The
future eouree of pri?e? will be affect
?d by the extent of the Argentin? croa,
? the vol um? of ''it- r;or icr";p-s and th"
the export demand The
' former, though probably I? ss than th"
? -. riven out by the government,
irte are
? likely to fall oC in a correspond
: th? argentine ia going .-if-.- ?
ear trad? in ? busin?
Corn, in spite of I ?V? ral P.]
down?) has -hown very littl? B?tt de?
cline, and exporters hive been in the
merket for liberal ouvpllea of last
erop, taking anywhere from 160.
000 to 800,000 buahela a day. although
deliveriea have not been as prompt as
', thry hav" wiahod The crop movement
has been liberal, Chicago has n
! plenty of country offering? nnd % teat
: ur<> ?if the trade has been 'he increase
! of the Illinois crop to 310.000,000 buah
-1 0 i" bushel an the
! government's October estimate, In
? receipt? ho red si
000 bushels for the we -k, an I
I ihere bus been an increase in hedging
?
With Caaade in the market for
1 ? can oat? end Australia trying to
bay i ida, with ial riot re
1,167,000 bushel ? le ; sad sea
? aac? i 101,000 bushel i beav
-, th? i" .'?"'? week, th?
market for com
??h?T grains Price ehangei
in some meaaur? refle-eted th<*
movement la vh? t. ?ad heavy export
did no' prevent ? drop on Fri
dey, followed by ?? partial r-eeevery
Saturday. There ?re Indieatioaa of .-.
r i. i In? rea dng export de?
mand, with last prices %e. lower than
those of a mon'h ago.
Cotton Dull and Irregular.
Motl of the trnding in cotton f
in the oprn marki't showed a Slightly
. trend ut time.;, w ;tii the D
tion the main ?ource of Strength,
I ja- ? | di.:? to lower I? i ?
and i - prii eipi I f? atur.
of 'he deallag , With thi exception of
a bulge ?mi Fr.ili?,', Whleh brought ou'
?s from old ape-euletiv? long?
?
? ?
i.?, awaiting th?
. of apol priai i when th?- he Ida;
? I for money b. glni to
fi M mu? it beoai
on the mam? t
?
' ' gone
dity hope?! (01 1.-? ltd
to agitation agaiaat the exchanges i
Boathara centr?
kicking aatiraly overlooking tha sever;
vitally importan?, facts in conncci
Bfith marketing th-- ?.rop, ir.cludinu' Il
of tl
*r conditions an
other th.i.-? which affect prices. E_
port d* man 1 I ? fui i ? I
for a iiaall perecatago of the cro
at preaeat, !?;:?. thai movement ii hair
i by th*' lack of oc
room and the genera] hooal
frcigl ' I ? ?'? and ?v(-n |3 a hur.dr?
pound ?? haviog boon b?.| : :
.ce the Bail 1. p -. tnmen
? ? ? hipmenl
and ll
, | . | under wl
odaatry la Germany .
? . BOl ?ces ?:.
wer- aban) I -, where ,;.
quart.
v-i ill tha <? ?'! ifiod stuck l-.ore
abo i- ' '.' ?<] l il i, '?.'.< lud i ? i?-..
which expire in December and January
Sou" hern spot market-? have
iteadiaaaa in most aaaaa ?nd advance?
la a few, and there are signs <>f I
broaden og af t ? ii quick
gottiag back to normal eoaditioaa.
i ttoa good ding wa pilot dur?
ing the week. 'I ? of the
? ? V. , -.
. . in i rodac
?
bean many
-
- ported
their it? eh o? *" Ion wi I
I they were |]
dowi il] r achmery not engnged in
actual ir.'.r?.
I I ?her Lines of Trade?
Coffee trading has dragged along ir.
a dull and lieu? ? I ? I ol way. with
no featnrea, pricoi areah and docliniBg,
and ready to drop oa any preaaure, tha
eoa ami ig d< n itiaflad a- I
?...
Tha country prodaea markata
rala hi -i: ?'ii a doa n.r I I
. recovering arid then
dee iaiag Bgaia, the small fruits and
blaa, ondai heavy aappliea and la
ir,ai y eaaoa poor quality, falling olT
in i r'c??, apples, especially table glad*-.?*,
plontifal and cheap, and potatoes just
about holding their own. tggs, how?
ever, especially of the high grailes,
have been firm and advancing, with the
market practically bare of the very top
notch qualities af new laid. The
stopping of the holiday demand with
the close of Wedncday'? trading left
the dressed poultry mnrket iwaapod
with supplies, an*l more to come. The
result wa* that th- freezers were cal!*-?!
on to take care af many carload? until
there an improvement in the de?
mand. Naturally prices declined sharp?
ly, .specially for turkeys.
Livestocl and draaaad meats have
been in liberal supply, and have shown
a Breaker teadeaey, althoegh there has
boon BO marked decline in calves, veal
or lanih.
Tho metal maik-ts have advanced,
with wire, sheet.-* aad t aiahad ahap? i
of corp.T in good ?1 laaaad. a better
demand for pig iron from the Central
w.' it, asd iteel prodaeti *-1 i ir h 11 >- weak?
<r. Bagar has been dull and weak, the
falling otf in the foreign demaad for
?i having its natural et?cct on
prices for raw, although the local
market for retined has held steady.
Opening a Test for Bond Prices
'?The Bathe Review" of the week
says :
Ih? BtecB K-tbaegs te U
?? - i ?ir on ., ? U, Il i? tru
? pniiir- irsdii t which ?m
, -? .
?
tr?m? ?!. ? ?' ?ut thl? ?HI hue s
.... ln.ee of It -
Ver? ?
' ' ' ?
...? ra?rk?-t Bf .
'
,?v wrr? u,ae*l<M 1)7 th? lorr??
_
WAR LOAN FINDS
100,000 INVESTORS
British Issue of ?350,000.
000 Oversubscribed-Dis
count Rates Drop.
?.
London, he outeten
loan,
sum o
:
.
In ItOO th? loan for the Boer
was n ten but it
i? ? >t y
different thing from tl
he present
i enj ;
be o\ ' . i must be t.
gn et nation il f?
At '. F the loan
was ;. . apprehen
. deple?
tion of d
;trad
Such apprehensions are
land, but I ?vent] over
u period of .'????. i te
process la gradua! Aleo, while thi
tn?nt ia n ? . u
It v.ill b?
nente. The Chancello]
the t four-tifths of ti tures
??-.ill be made at home, so thai money
??'-.I! thua I itly '.o
?
r? i- the t:- '
te the full
amount of tl 1 per cent
below tho bank rato. Thi? will cre?
ate further cr?dite at the banks, and
the net i? suit ?ae
after allowing time for temporary ,
alteration and readjustment money will
be easier than before.
In anticipation of shortness In the
oj en Barbet on sacouat of paymeata
into the Hank of Kngland by appli- ,
cants for the war loan there was some
'eniienry fui discounts to harden, but
when the government disbursements
more than offoot the pavtne-.ts
ilroppe?! again and the week c'?i-red with
t'i per cent for overnight loans, l^t
for ? week, t% for sixty da
three month?, '?'>''. for four mon'i
The Hank of England is hi n
a stock o'
of ?72 ; ? i. lerve of tob,
I. The bank has now in eircu
? te 186,600,000,
while this ?s nu. , ted by the I -
. ..a government ,,,. |
?84,160,000. The government
total of ?67,660,000, but ?23,600,000
cancelled. The Chiincc'bir, r
??.1 le, is accumulating' ? ge I n
? the goi ? ? me by se?
tinr.' eai?e 11,000,001 ? week ag
and now ha? a rooorv? i
?13-600,000, or practically 40 per cent
At ? a he will aeon be In posi?
tion to withdraw th ? government notes
if be so desires. Paper cuire
incren ng in popularity, and may be
per ?nianent.
Uri the other hand, that trade la
slowly recovering cour Heated
. export figures. Exporta dropped
from 144,000,000 to ?24,000,000 be
tween July and August, but the 0
her returns showed SO iricrease to ?29,
m .i... o, on 11 considering tho great and
rtant markets nullified by the war
and Eaglaad'? own part in the con?
flict this ia a highly latiafactory show
| lag of eaergy an?l enterprise.
CHOICE CITY SITES
ON SALE THIS WEEK
(ontinnril from Tage 1?.
;....? \ , ?;-. ,??.-. Vesel a v. It Bread ?t : t!
.,??'.
S T State In? ' ? ' '
? | t ? No* 17; att]
A I ' ? ' I . tl
liiTii ? i ? "? llaao ??. M ?
' '
* s. 14.) S?
- IHK PRnpKBTT D 1'? n '.? to ?Mme; M
ill ? t ?a -?i?,
?SAME I MUM A,. .
II
-. ? ?
. '
. . . ? ?-}. I. J 1. . .
? ? IN ? Park t?, ettlM ' .
H * Mi ? \ i. ; b ?I
v al) i 11
i. fj o Mad ??n i? n .,
?
.-.-$?? ?? ? . .... i., tlnston
? a?; '
? :i> ST. 7? W, n i. 110 ? Una? ?t. Bi
. U ? ? ?? - i ?? I! . K Hr I
Bald le? I * Wiirrij a?.
.. all liana; :? ? . l.cali A N. 1
? a?; tl
I I ? . ?' ' 1! I. '
I ? . . I
- :i Bwar; 11
The Bronx.
? i ? - Msaii
T II Knit
a *
? i A* r of V
i '
i . .Nui n. ?it.. r x
?
l ?,:i - . a ?? 171.8 n ef IWtb ?
; v? 'I i- ? ?. ?r w ?
I; slao. ol
? .
?t tl
I'ABK AI ?' " ?1
| lo 1 J Ol . l'*rK a?. N??? ?7; a
II
? w JJ ?'? ithet 'i- ?
?
ai n-i. ?t a ii " itisi '.' r
... I I -. ?I ... ?(
\ > -.7, all). I_? rule lii? - Tr .
-;?.-. t
Irres; 1 '?' ? '?? ?*;t> '
?. Sot :;.-??
I1TII ? . ? ;. i
\ t ... .--. m i; m II ?
H0T11 BT. I 47 7i Iirrru, .r.
??
. -.. N ,< ..?. a:-,. *; l:
,? ! 11
RECORDED MORTGAGES.
- ?'ate.! I
NOV1 MB! i: tl
Manhattan.
?''". IT, ? ?. INsj --'.'i d M
?
? *. No? 17; ?luo aa ser tend; I
?. 11 ? J I
.
l'A nu av. . CALFi
\ 1*0 1 \U.!l-o..
at : Nui lia* i . . ?? ;i p
. ??.
-
?art?? t?? V B . . -i s ^
I I . due a. i r t ?id; ???> A I. ?
?
... i it. ? a. 116.1
?M n. Mary I. wtitiunior- io h?'ii !
?
i-i!
?
? ? ?? a
-
. ii? ?>,
? l?l w Pal
.
?? 17 ? i
H u
1 . ...;..: ;
. ?.
. ? ?-'?? .?? . i
?
?he Bronx.
?
! .... I
t t i.i.
' . - | .
? . | |
? I - ? .
11
? " * | . " . I ? 1
I I -
H ?. ..
?
IT; aaa at aj? I
Il I Tllta 4?n?r?nlee mai Trint Co; t
? bat i ? 'i of ? i
1; Ma
S H_l,r. . . . ., s , .
. Wiilte r
?t. ,1
SATISFIED MORTGAGES
i ame ?? i .-?? me nimi u.i ia
?jf ?''y ?
NOVXMBn u
Mnnliattan.
i? IT i ? ear S4 ?? -. ? :. IM
<. fio? ?t x e i.a
-. 117 -, n lu.n. I. il??.J; Jar.
tntl ?... ?,? N \ >?.
-??iv 11 ?
klUXI RUI
I . I ;? ? ? - : .?
170,
?
1'"'7 I' . 11 Allot
'
? ' ?
M ' -, ? A . ' , . - I .?
i \i IIANG1 ri n ? coi Bi ? -. mi ?
. ? ?
? ? g;
I
1 i; .....
WA81II
?
I . ?,
? II .
tV.34U.ll
! 11 \ ' -
n?a; tl.
i r a?
: i i w - ? | i ?
l. 141.6 t ?
W ? . \ i Mi
I
?
K v\
i
i " l.n.'.. 4?
1 '
-AMK 1 ."I i .'14, jume lo <kii
'? . M lr?.r :
74TII 8T - --" e ' o n."i? ?r. ! ?
i- l'aft !?? il u
..f [-arty trtt ??ri, ?uy. Il G
i
US W - ? ? ?Vn ????nl.m ir ' >
? '. l . ?
1 ... ?1 a i:
.
r ? ? US ? e ?";"" Urn M
"
? lll<h-uii <k W?ii ?i Wl
"> W, D ?. 1-1 r Wett End i?. |i
1
'
Il W
i . ? - '.. ? .-. ?. I
t k: y <
? ? . i w Ri
-. ^ ;? n'. t: ....
ASSIGNMENTS OP MOKTC.AGES.
No', : M
Manhattan.
> - , ? fii
i. i.. srgUnm 'i ?? . ? -? ? ? ' ? J?
$'
Veil \ - Il
1
.,'??' M ?)'< |
t
'
-. i '.' .-.-'. ? '. J:.
The Hronx.
5
?
-, ? t K K?p*pee
. 1
(inui. io Atti ?
?
, ? r ???.., ? .. rwtft. t -
? ? ?:. .a a
?
- -Tnlth.
1
MECHANICS' MEN.-'.
Manhattan.
I44T?
,
1.1?
. ? v. B !
1
., ill; I
. . (,.iui at- .aiut ( ?
r.ini KT :".; r.? h: w n m? u ?.
?
? 11. n
', ?. Rial Hdt-ie ,H.?c.
' .
' - 1. 1' A ?
-
- r ? v ;. n .?. ?? ?? < ?r *
-
il M?
? ?
j . ' '
?
?
il i ?
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I
, l.\l... I" ? I AV, . - I* .Ve ,
(Urns! Comparu!
Trust?e for Person?,! Trusts
Fifth Avenue ?5c 3bth Street
New York
DIRECTOU
VINCENT ASI H
Cil ?). I- BAI
-,. '' ? Hank
STEPHEN i,\klH
__ ?S* "'^ ? ' t'?? Maohaitaa Co.
NICHOLAS H1DDU.
1
GBO
?-.?>?
H RAN
frei. Lil-rrrv Na?, a?l Beak
HENRY J ' OCHRAN
\
?'
I'rr.iJrp?
JOHN I DOl
njciioa
M. I
'?Irn.r.,% Co
R'iHl H I WAI ro.N GOBLR
1M?>\! \s mi i?r
1 : :.
IS 1 MINK.
I It Nl . Rank
" I !? Il M tCDONALD,
\ -I'tr?? iei.r
RDC w, : M \;:-ton.
Co.. I tni?-ri
J- n M \?, riN
' II* a Naiinnal Bank
' 0 tRRAH,
Pr*w | tal?Net Bank
<.H ? . . . - . v It- ? I V.
Pre? M uloal I de lumranca Co.
D.'l POMBROY,
Vice - irt-? Beaker? "I mat Co.
Wll LIAM i: PORTI It,
1 I' Morgan AI ?. iianktra
Sl-.'.v. \k;i pROSSI k.
I'rei Hanken butt C?.
DANIEL C Kill?
Reek Islas I s.item
DOUGLAS KOblNSON.
. Heal Lutte
ARCMIIIAll) D. RUSSELL,
ALEXANDI R II. hTI.N l-.NS.
Vice-1'rei.denl
CHARLI S I IIFFWY.
Vice-1'rei. lirtany & Co.
THEODORE N. VAIL
1'rc?. Amer rio le!. & Tal. Ca.
AL?1KKT H. WIGOIN,
Prei, Cbate National Ra-ak
OFFICERS
P? C. CONVFKSE.
Prenden?
Al.I N \NIH.K H. STRVKNS.
Vice-Prenden?
K WM i) Il MACDONALO,
\ ice-1'rci..leni
HBNRY J COCHEAN,
Vire-I're?ident
THOMAS HU.DT,
\ ice- PreeMeM
BARRI IV WYCEOPP,
t.aihicr
I AME- K. TROD BRIDGE,
Secretary
iKivs \i<?) BOOCOCE,
Freanirer
CLIFFORD WII.MLRT.
Aisittiiit (_*?hier
Interest Paid on
Dailv Balancea
Guaranty Trust Company
of New York
140 Broadway
Capital and Surplus, $ 30,000,000
Total Resources, over 200,000,000
Baal Bust? BeeartQ *'o. owner; M.-Vl.-kar
. i
i'LAREMONT iv l?.. aame ?at mb
' i S
l?l'll BT, ?? 17 ind Mt W; II 1 ra.-h et al tat
i owner; v
Vu-kar Oaillard Bcsltf C? contractai Ira
PIXBHUB8T AV i ? I-:?- ?*?. IMsll7; >.
Co "'i ?t si igl ?
1! '??
USTH BT 6.'0 to. Wtn Bui Banda? to. In.
aft II * I' lt.?a ??? ('.? ??-??.?mr. II?'.
I.'.ril ST. ... ?: 1 , ? ! ?
<*o a?t T l s i w , : w ii i?.',.i. ewnen; I I
.. ?. B u 11 ding Co. * ' .
I he lironx.
INTKHVAI.E A\ nf WtasriMltOT
? . . --. ,\ .
? . ' .
J
SATISFIED MECHANICS' I.IEXS.
NOTBMBB m\
Manhattan.
7-1II Bl I - I A tilatifr ?it Jennet:? I
. A tH"
RIVKjLsIDE DHIVE .':' S ?'olsiiU? ?i
? .- ?1. No? -7. 1114. Ill
The liront.
KllI.'I'MAN ?ST Mil B ll|?lllB?l| ?it Mi- *
Pern* ? '?i , , , . *
SU BOI i.).? i'.'.i' ' ? II Brolnltsk! ?r M.r
M
- . BUI IJiVABD, I?1I; ii Brolnllakj ait M?r
?? ' ' ? ..
.j agt Martha Ivnu I
et ?I ? ?
,..? *,*} ?.< I'. lirorniuky aft JUrt.'.a Pw i
.?. . . i< n, i"i?. a
NEW BUILDING PLANS.
Th? fnllowlrif plan? I < ?' ?*? baM been
... i a?. 1 ?t?
.. i- < oodman I '?:?:?.
^ ?i an I
I
. ii III) w ?
???) 1 . I ?
M a B ?
I
> , .,.,?? i m..? k\ ii it m B n ?? ?
Executor
Chartered 1823
Truste?
The Farmers' Loan and Trust Company
Nos. 16,18, 20 & 22 W?liam Street
Branch Office, 475 Fifth. Avenue
New York.
LO?TDON, 15 Cockjpur S>, a W.; H OUI Broa?! St ?et, Z G
MBI 41 Bonlcvard Ha_.?..__ana BERLIN, 56 total let Linden, K ?. f
Travelers' Letters of CreJA Foreign Exchange.
administrator Gnardiai
!
-T
Surplus Funds of Business Houses
To corporations, I ng
surp'ui funda at certain seasons, ure luggcst:
Such fund? pro?fuce mn income under our
Certificate of Depo-nt plan.
?\fter the " surplus per-od ". the money ?a im?
mediately available for >? at liunneu u??-?.
We issue Ilemarul and Unit Certificate! *
higher rate of intereat payable on the latter.
Our aflkcen will be glad to give lull informa?
tion about this special feature of our scrvue
Metropolitan Trust Company
of the City of New York
George C. Van Tuyl, Jr., President
49 Wall Street
cor tons.
COITOS
Capital, $2,000,000
Surplus, $7,000,000
COLUMBIA
TRUST.
COMPANY
* 60 Broadway
Fifth Ave. & 34th St.
Lenox Ave. & 125th St.
Third Aw & 148lh St.
The following coupon? and dividend! will he due and payable at the
Main Office of thii Company
60 BROADWAY
On and After December 1st, 1914
The Bayer Co., Inc.1-t Caav. Il
Hooch Creek Coal & Col..' Co. lfi|?
Brunswick Site Co.tj", 3-Year Notes
t'entrai Hudson (la.? I 1 ?
Co.lita?
Dayton Power & Light Co.... 1st 5s
Federal Light &. Traction Co...
T-', Ifi-Yaai
Field Club of Greenwich, COM
? Ktg*. ?">-?
Roro of Garfield. K. J.B. 1? I?
(iranby Pulp & Paper Co.1st .">s
QaaataaaBM & Western K. R. Co.
F.quip. Lm
Klots Throwing Company.IstCi
La Maya Valley Land & Im?
provement Co.Debenture 7s
Village of Lawrence. N. V.
Rep ?- Prin. 4s
Marshall Lipht, Heat & Power
(?i.1st I?
Michigan Traction Extension I
1st 5s
Of New Castle I Bedford
l'mon Free School District No. '_.4??_!
N'mv River Lumber Co.
01 io Light I Pow.t Co ?
Pacific i Bastera Bf. Co ? Istfi
?
R. R. Co.Equipnuat Note."
inth, Shawm at .*. Nor!
K. i:. Co.
Raloigh ft S?nitliv?irt U\. Co. 1 I I
San Marcos Dtilitia? C?.
I -t \lnrtrage6
San Marcos l'tilitie< ?'.-?.
N Mor?.
Schwarzschild ?ft SolsborgW <*,,
Fewer Company of Si.n M...
twiSt
City of Syracuse, N. V.
I ? ;. Int. & Prin
Tintie Company. Ct.tiv. 6
County of Turner, <?a.Variai
r Lighting Co. . . .Col. 6?
Wilaiiagtoa, I ? ? I '?? ?t Deia
? .-in. City Railway Co.. 1st .1
Wolcoit Boalty Co.General is
ni.i i.Minit n ni. mu.
Coun* In, Ca.
Court. Ilou-ie 4"_s
HI.? I M UK I? I .III, 1011.
B. Co.
Equip. Trust Notes Serie? T
Klngwood Qaarrio? ''o.1st 6?
l Baack Land Im
? Co..l tTl und I.pi;. Int
Pana ?lu?? I Klcctnc Co.1st II
Dividends
i*\\ vin i. MM BOB i, nn.
fcrhaasaa B illway I Lighi , I ?' ? f D? ?
Cor Corr
frurn? ?? r ?d i i?
i Pari ?-? Ili. I
.... uat. 1
l I- PENDEN8.
'?m i:.\!i;i.i: .
Manhattan.
112 ru MB e ef I i se. Helia.Il
i
.. ? -
WEIT; l i ?1 act '
r
?
?
? . ? ' ? B A
i AT. ? I n
*; ii
Si.ivtll cl t! i.' I al (I
The Hron?.
I'KUHY AV. .. ?? . ,
- I-w rt ?1 i r. n ? .i,tura ?..(
mt i > ; ?i
I'l ?KY AV . ? 131 1 i w ?.f ?'
J \l_ri .
?? A '?
u ?.-ms?, r->N AV,
.
?
11 ?-?n i
. ... ? ,
S II I. . ? ? i
\
>
$40,000,000
New York Central and Hudson River
Railroad Company 5% Notes
$20.000,000 maturing April 1, 1915
$20,000,000 maturing October 1, 1915
Interest payable April 1st and October 1st at the office
of the Treasurer of the Company in the
City of New York.
Notts nr? in dencminatiom of $1,000 and $5,000., are drawn to th orcltf of
the Company and indorsed in blank, >'?? One-Year S tee
having Coupons attacked.
Having sold a large part of the above-mentioned Notes, we offer the
remainder, subject to prior sale, at the following price* :
The Notes due April 1, 1915. at 99.80 and interest, to yield about 51- per cent
The Notes due October 1, 1915, at 99.15 and interest, to yield about 6 percent
Payable ni our office U New fork
J. P. MORGAN & CO
FIRST NATIONAL BANK NATIONAL CITY BANK
Neu Y SO, 1914,

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