The morning news., 1892-02-02
Register Of Stock:
FRANKLIN TRUST COM MPANY
Oepositories:
FRANKLIN TRUST COMPANY,
NATIONAL CITY BANK.

The firm OF Messrs JouRHEAY& & BuRNHAM, of
Brooklyn, Importers and Dealers In Dry Goods,
was established in January. 1874, by Mr. Henry
=. Journeay and MIR. Lyman s. Burnham la
the following year MIR. Hugh Boyd became a
partner, and the firm remained unchanged un.
I'll the death of Mr.. Journeay a year ago neces-
STATED reorganization, and its conversion
into corporation was accom- plished.
The reputation OF the firm for honorable deal
ing and for the high class Of goods which it
handles, has always been recognized, and its
credit and that of the Company succeeding it, is
tho highest accorded by the Commercial Agen-
cies of the country. 1t has over 80 600 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 one Of continued prosper
ity, the sales for upward of forty years past
having amounted to over 81, $50 900 per annum.
For the three months ending December 3lst
l69l-the first complete quarter OF the corpora
tion-its gross business amounted to 1856. 965 II,
being 81 ,943 4S greater than the business of the
firm during the same period in the preceding
year. The net profits of the quarter were $37,
TT 1S. being at the annual rate Of 3 per cent.
upon the Preferred Stock 12 per cent upon
the Common Stock. and surplus equal to IL
100 per cent. upon both, making in all 13 1i-l00
per cent. upon the Preferred Stock and IL 1f-l00
per cent. upon the Common Stock. IL is. how
ever, expected that the business will show a
much greater Increase after March 1st, upon
which date the Company will remove from its
present limited and lnconveniently located
premises on Atlantic avenue to its new and
commodious building now nearly completed at
the junction of Fulton Street and Flatbush
Avenue. This site was selected after due con-
sideration, and it is believed to be the most ad-
vantageous location in the city of Brooklyn for
dry goods business. 1t is reached by seven
different lines OF street cars is opposite the sta
tion Of both Elevated Railroads and within two
blocks of the Long Island Railroad station,
whereas the present location is reached by but
two lines OF street cars. The removal IS in re-
sponse to popular demand, and universal as
surances Of approval have been received Of the
contemplated change.
The Company is managed. under the control
of its Board Of Directors. by the surviving men,
bers of the late firm, aided by its well known,
reliable and experienced staff Of employees.
MessrS 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 TO remain in its
service until July lst, 1896 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 8 per cent. stock
which was offered in July last was largely over
subscribed and allotted pro rata among
nearly six hundred applicants. 1t is now quoted
l06 ex dividend bid, with no stock offered.