The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-08-08
BOARD OF TRADE REPORT
INSTITUTION HAS JUST CLOSED A
VERY SUCCESSFUL YEAR.
Net ResOurces Of Over One Hundred
Thousand Dollars and a Nice Cash
Balance-Figures of Interest.

The Indianapolis Board of Trade has Just
closed a very successful year. The finances
of the institution are in excellent shape
and the business on the floor during the
past fiscal year was large. The year was an
important one in the history of the organi-
cation, the movement for a new building
having taken form and substance.
The annual report of the Indianapolis
Board of Trade was issued yesterday. The
financial statement shows that the receipts
for the fiscal year just closed were $780,
57f.67, including a balance on hand from the
preceding year of S4,270.9S. The disburse-
ments were s2i. sS5. SO. In the hands of Treas
urer Elmer E. Perry there is a nice balance
of s5,6Ss.S4. Including the mortuary fund
balance the grand total balance is s6,6OS.07.
The statistics of assets and liability are
among the more interesting of the figures
presented in the annual report. Under the
head of resources. a valuation of So. 093. 81
is placed on the Board of Trade property.
Annual dues unpaid amount to IS. 705. Bills
receivable amount to $685. 37. Other small
items, including cash on hand. bring the
total assets to slO7. 47s.75. The liabilities of
the institution are in all only sS.56a.s7, leav-
ing net resources of s1O3, 915.SS.
The Office rooms in the building rented for
1898 during the twelve months just closed.
The expenses of maintenance were $4,000,
leaving a net revenue, together with esti-
mated rental value of rooms used by the
board, of So, S33. The income from rents dur
ing the fiscal year just closed broke the
record OF any one of the previous years.
There Is not a vacant room in the building
to-day. Estimating the cash value of the
property at $4,000, the price recently offered
for it, the rental income amounts to 9.5s
per cent.
GRAIN BUSINESS GOOD.
Business in the grain department was
exceptionally good, the secretary reports.
A total of 1886 cars were inspected. The
net profit on inspections exceeded that of
the previous year by s541.
The present regular membership of the
board is 456. There are six special members.
Death removed seventeen members dur
ing the year and there were fifteen for
FIXTURES. The number of shares outstand-
ing, including the 456 to be issued. are 9.16S.
The value of each share is estimated at
S11. 33.
The report contains a retrospective ac-
count of the condition of manufacturing,
banking, building and general business in
indianapolis during the past year, which is
of especial interest. Useful figures are COM
piled in convenient tables. The statements
are prefaced by the following observations:
Indianapolis has made a remarkable rec
ord during the year that closed at mid
night dec. 81, 1902. The second year OF
the twentieth century has seen the city
take a great forward stride.
Bank clearings have broken all records,
another national bank has been added to
the city's financial world. local securities
have gone steadily upward, local financial
institutions have taken a still firmer hold
upon the confidence of the business COM
munity, the real-eState market has been
steady and healthy throughout the year,
many of the city's most beautiful buildings
have been started or have been pushed rap
idly forward, the work of the Board of
Trade in grain inspection has broken all
| records, and the city has taken upon itself