The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-02-21
BANKS IN NEW YORK CITY.
n RESUME or the FINANCIAL CON-
DITION or SOME or THEN.
Nbv stock 10 Selling Tor Less than the Nom
innl Naluc-IIenvy Losses on suspended
Paper The Profit aud Loss Accounts.

tuHl NulNf -ltfuNN Losses on Enept nde0
Paper The Profit aud Loss Accounts.
Prom ne fRforyo Inter. Ocern
Few DAYS ago we called attention to
Che fact that the stocks OF many Of the promi-
nent banks Of New York city were selling
below their nominal value, as II would appear,
n there was no doubt about the value Of their
assets rs shown IN their published statements.
Thu I the stock NJ bank with $4,000 capital
and $4,000 surplus ought to be worth 200, unless
there IA some doubt about the character OF its
bills receivable and the probability Of loss on
It's loans In order to show how. great differ
ence there Is In the public mind In regard 10
this feature IN different banks In New YORK city
We have ndc .vorcd to show what the stocks Ol
tome " the hanks should be worth according
TO their published statements, and have COM
pared these valuations wih the most recent
prices actually bid and a. ked Tor the same STOCK.
~ New ork CIV w hccpIu,ht 10 W IVp ,,
Of the Fourth National Bank oi New nrk cltN,
So goo stni,,s ' hi. "ns,t TO make the stock
Of the bank worth III. hut all that Il asked Is
plis, thus showing that there Is a. anticipWed
loss somewhere IN its.asseis; ifobahly the iect
Is that II Is carrying suspended lhiei 10 a large
amount Tho difference In the nominal value
of ITS stock and the price asked would seem To
indicate that these doubtful assets are at least
The Ninth National Of New YORK city had. on
Oct. L. tlh00W0 ~ capit and $2iDtV surplus,
ami according to- these usures the -tocN should
be worth no but all that - lid l. ~ cents, thus
indie ting doubtful assets to the amount OF at
least tpUOD or 50 O.0O1.
Ihe American Exchange National had. on Oct.
], Sj.WO.OUO capital SlA6.OOl surplus, ana S2S.-
pn individual profits, aud according to these
figures its stock should he worth 49, but ll5s is
The Bank II New York (natlonaD had on oct.
1. capital tkUNWO surplus Sl.WO.OOO. and IN
divided profits Si56On aud according to these
Its stock should be worth l3, and 1871 Is the price
asked for N.
The Continental National had. on oct /,
slSnWn cauiial ana s-t'W) surplus; and ac-
cording to these figure. Its stock should be
worth ia, but all that IA asked for Il IL 20 and
all that Is bid Il - -, thus iudicatt-g doubtful
assets asset, !" the amount OF 81 ica-t tWnN,,, ,.,
~ oct. l. capital SitOO0O and surplus sGfur0
and az these hgurcs - stock ought TO be worth
hfff n Ia - WAI.N - 90 u
Tue Importers nd Traders Bank had. on Oc-
toher l. capital l.gy%oo surplus SLOT 59i and
figures H. stock should be worth at least 20
out all that il bid Is l'p,
The Market Nation 4 Bink 81 New York had
on October capital Sl,pDOO0. and surplus $50
go. ana according 10 these figures its stock
and all that Is bid Is H.
:. Tue Metrnpolit,n National Bank Of New
York had. on October |, capital $tou.OU. and
surplus s2CND0Ip, aud according to these figures
IT. sicck ,sn9uld ue worth lJl, but 100 is asked,
the National Rink ofCoum-rce Of New York
bad, IN October l.capltal slUOo0oo, and surplus
stoc< should be worth III but ISIS asked. and
only 10 bid. thus indicating doubtful assets to
the amount Of at least 81 10000 TO sl.Gp.tOO
York had, on Ort,hcr /. caritl teOOcooo and
surplus tl2Stp0, and according to these figures
Its stock should he worth l'6 BUT al that Is ask
ed ia s.. and all that IL bod IS 50 cents
Several ~ the ratlona banks Of Sew York city
have recently acknowledged their losses. and
have charged them up TO front and loss. ana
thus reduced their surpl1s funds fot. II II b
An instance OF th's Kind comes To- hand t. day
In the Information that last week the Tenth Ma.
tiuntl Bank reduced IT, pital from Sl.sU.uCO to
<NnWO, so nsto phi &c the bank on more secure
footing. At the meeting wAcn this course was
agreed upon nearly an the stock was represcnt-
cd. All the accounts which were In Hiir ton.
amour in- TO over 80 900. were nrst CHARGED to
prom ard less, ana thtn the exact CONDITION Of
the blnL was lrcseutcd TO thc stockholders,
who agreed g. surrender all their stock aud take
\ aN. n f1taHf Al