The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-02
MILLIONS TO BE
PAID OUT IN
DIVIDENDS
Federal Trust Stockholders
Delighted at COmpany's
Strong Showing.

Local bank men are confident that
money will be more plentiful by the mid
die of this month, for a couple OF mil
lions of dollars in interest and dividends
will have been paid out here on stocks
and bonds. There was s125,OOO payable
today ON the stock of the Public Service
Corporation at / per cent. The Prudential
Insurance Company will pay $4,000 in
dividends on its stock at 10 per cent. on
January 6. A quarterly dividend Of $W,-
900 on the stock of the National Newark
Banking Company is payable this week.
The dividend for the quarter Is 4 per
cent, which is at the rate OF l6 per cent.
for the year.
The Federal Trust Company pays a
semi-annual dividend of $4,000 on its
81, 900, 900 of stock. The published report
of the condition of this mpal for the
year ending December 81, 1907, Is very
satisfactory. The cash on hand and in
banks amounted to ISL ,l0s.47, and the
deposits were s.. 062. 39S.92. which is a
splendid showing after the great string
ency in money for three OF four months
The fact that the Institution has $4.2Ol.-
029.S6 in loans and notes shows that 1t
did not call in many loans. Tho total.
assets amount to 1888, 1885 The CAPT
tai and surplus amount TO Sl,5e0OW. AND
there are 1888, 27S.70 OF undivided profits
and $40, 273 of unpaid dividends.
| The showing of the West Side Trust
is also very good for last year, for the
cash on hand and in banks amounted to
s212. S40.76. and the deposits were $f,536,51i.1
! on December 81. The company had 81, 1885,
I S06. 40 in loans and notes, and the total
lassets aggregated S1.947. 1908. The capital
lof the company is $4,000. and the surplus
hnd profits at the close of the year
amounted to s211 ,276.22 The full statement
rs printed in the EVENING STAR today.
1.-THE report of the Federal is about 100
DIR cent. better than was expected, be-
Cause OF the seriousness Of the nal
trpuble now passing away, for the trust
.coNnSanies had to stand the brlint of II.
espe4fally after the closing of the big
kniqkerbocker Trust in New York city,
aftef 1t had paid out millions of dollars
TO dfDosltors. for n lack of confidence was
carsed bv its suspension. The West Side
Trusts showing IN the annual report will
Civ Honldence to its depositors.
pay 1ns : a anarteTiy diyidend Of c 81, 5o5 On w ~
Sl5o,0ool of stock. It Is payable on and after
today. and the Newark Fire Insurance
company pays a semi-snnual dividend OF
payable on and after today $1,000 in in
terest Ion Newark Passenger Street Rail
way bonds; $60.000, six months interest on
NsWdrF GaS ponds bS, HlZu,UVU IN dlVldenos
on Newark Consolidated Gass stock. semi
annual payment, and the Bergen County
Gas Company win make 4 semi-annual
payment of 5000.
On the whole the financial situation OF
Newfr k's banks and trust companies Is re-
marHably strong. and financiers of expert
encef are confident 1t will grow frmer each
MONTH and that by April or May money
conditions here VIII not only be normal.
butd that they will be a good deal above
polAmal, and that all local securities will
inckeAse in market value. One reason the
repkrts of our bank and trust companies
30 satisfactory to depositors and so en-
coulfaging to investors is that in their re-
porths the banks and trust scompanies have
figuffed the securities they hold ut the
mar ket value when the reports were pre-
pareAd and Issued.