The Washington times., 1905-03-22
NEW YORK.

The annual report of the Disconto-
Gesellschaft. of Berlin, with branches
a. Bremen, Frankfort on Main, and
London, for the year ended December
81, 1904. shows a net profit of S4,069, AGO,
ar, increase Of s4332, 800 over the year ended
December 81, 1903. The dividend payable
or the increased capital of $40, ATS, 200 Is
S1a per cent, as compared with Sz per
cent on $50, 1890 in 1908. The reserve
of the bank has been brought up to
s13. .I14,0O0 Deposits and funds placed
at the disposal of the bank amount to
$50, 240, ,0GO, while the acceptances are
S3S. $40, 600. On the other hand, the
LIQUID assets of the bank are $50, 10000,
with S17 S5I, 100 of securities owned. The
pension fund of the bank has been in
creased to $Ss5, 600; the savings of the
employees amount to $916,600, at an in
terest rate OF ) per cent. The Disconto-
Gesellschaft also owns the entire capl-
tai stock of 81, 9G4.600 of the Nord-
deutsche Bank, in Hamburg, winch Ior
1904 earned a dividend of 812 per cent.
The anproach of the annual meeting
of the Eaw York Central has been aind
will doubtless continue TO be MADE the
peg or which to hang no end of tales OF
impending deals. The meeting promises
to be sufficiently interesting one with
out them. Details of the application or
funds provided by the sale of 100000, 900
per cent debentures last year, and by
the sale cf stock the year before, to the
New York terminal and other improve
ments will presumably be given the
stockholders, IS well as more authentic
and comprehensive information of the
company's intentions regarding upstate
trolley lines, number of which it has
| acquired.
The January earnings of Missouri Pa
Near-
cent in gross and 80 per cent in net. Tine
net fell considerabl below charges for
the month. The February statement
will, of course, be much worse, both In
gross and net. These abnormal showings
are due almost entirely to the weather
| conditions prevailing in the Southwest
and to the disturbed state Of the grain
| traffic Southwest. In March there has
| been sharp recovery. Traffic held back
| has come on in great volume, and earn
/ ings have reflected the movement There
! is not, in the present situation, anything
| to cause uneasiness to Missouri Pacific
| security holders.
| Bankers In New York are preparing
! TO advance the new proposed Japanese
i loan Terms will depend entirely on the
! progress of peace negotiations.
! The members of he New York Cotton
] Exchange Yesterday voted to close the
exchange on Coed Friday and the fol-
| lowing day, April q and q, respectively.
! The resumption of dividends by the
Tennessee Coal anc Iron Company, while
not in itself matter of far-reachng
Importance, is of the class of events that
| exercise a considerable sentimental ef-
| feet upon the market The significance
/ it might have had for holders of Steel
! common is diminished by the fact that
| the company ceased to pay dividends in
| November, 1865, three years before the
trade slump that cut off the fat income
on the common stock of the great Steel
combine. Furthermore, notwithstand-
| ing the great sums that Tennessee Coal
/ and Iron has Snent on it's plants the
resumption of dividends is at the rate OF
J only per cent year, instead of the
( former s per cent.