The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-01
Register Of Stock;
FRANKLIN TRUST COMPANY,
Depositories;
Oepostories;
FRANKLIN TRUST COMPANY.
NATIONAL CITY BANK.

The firm of Nessrs. JoURNEAY & BURNHAM of
Brooklyn, Importers aud Dealers in Dry Goods,
was Established in January. 1874, by Mr. Henry
+. Sourneay and Mr.. Lyman =. Burnbam In
the following year Mr. Hugh Boyd became a
partner, and the firm remained unchanged un-
I'll The death of Mr. Journeay year ago neces-
STATED reorganization, and its conversion
into a corporation was ACCOMPLISHED
The reputation OF the firm for honorable deal
ing and for the high class of goods which 1t
handles has always been recognized, and its
credit and that OF the Company succeeding it, is
the highest accorded by the Commercial Agen-
cies OF the country. Ii has over so 900 patrons,
not only in Brooklyn, but throughout the New
England States, New York, New Jersey, Penn
sylvania and Maryland. and extending as far
South as Texas, and as far West as Iowa.
Its career has been ono of continued prosper
ity, the sales for upward OF forty years past
having amounted TO over 8 $50, 900 Ter annum
For the three months ending December 31st,
lS9l-the first complete quarter of the corpora
tion-its gross busine 8 amounted to 1886. 965 II,
being S71 943 4S greater than the business of the
firm during the same period in the preceding
year. The profits of the quarter were S37,-
M Is. being at the annual rate of 6per cent.
upon the Preferred Stock, l2 per cent. upon
the Common Stock. and a surplus equal to IL
100 per cent upon both, making in all 10 1i-i00
per cent upon the Preferred Stock and II 11100
per cent upon the Common Stock IL is. how
ever. expected that the business will show
much greater Increase after March list, upon
which date the Company will remove from its
premises on Atlantic avenue to its new and
commodious building now nearly completed at
the junction of Fulton Street and F1atbush
Avenue This site was selected after due con-
sideration, and it is believed TO be the most ad-
vant&Reous locality In the city OF Brooklyn for
a dry goods business. IL Is reached by seven
different lines of street cars is opposite the
ton of both Elevated Railroads and within two
blocks of the Long Island Railroad station,
whereas the present location is reached by but
two lin Of street cars. The removal Is in re-
Spouse to popular demand, aud universal as
surances of approval have been received of the
contemplated change.
The Comuany is managed. under the control
of it's Board of Dir actors, by the surviving mem
bers of the late firm. aided by its well known,
reliable and experienced staff of employees.
Ne Lyman S Burnham and Hugh Boyd,
and Mr.. John NJ Conkln, for many years asso
ciated with the late firm have entered into an
agreement with the Company 10 remain in its
service until July ist, 1886. and for such longer
period as their services may be required.
The stock now offered is the balance OF that
issued by the Company to acquire the interest
Of the deceased partner. The per cent. stock
which was offered in July last was largely over
subscribed and was allotted pro rata among
nearly six hundred applicants 1t is now quoted
l06 ex dividend bid, with no stock offered