Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-01-24

trust COMPANY ldlleQt Will sail LOI1OE=
row on the Celtic to Alexandria.
HI Illinois Central Railroad Com
pand sold to Kuhn, Loeb g. Co. So TAO, 900
first and refunding mortgage 4 per cent.
bonds.
Philadelphia national banks, with a
proportion of reserve averaging 29.2 per
cent. yesterday held a surplus reserve
of $40, 936, 900.
on December 81 last Philadelphia
financial institutions held on deposit
81, 3S3, Asa of state funds and $306, 944 Of
the State sinking fund cash.
The 55th annual statement of the JEFF
ferson Fire Insurance Company shows
assets of 81, 0S9, 232. and surplus as to
policy-holders of $3S0.69S
The gross funded debt of the city of
Baltimore is $61, 647, 4S2, and the net
debt. less sinking fund, is $50, 50S. 101.
Funded debt to the amount of $3.50, 49,
900 is authorized, but not yet issued.
The assessed taxable valuation of prop
erty is $3.50, 1S5, 1913.
E. Clarence Miller, president of the
Philadelphia Stock Exchange, who had
refused to commit himself as to reelec-
ton, has consented to denomination
Union Pacific VIII be listed on the
Paris Bourse next month. Negotiations
are also being made for the listing of
Amalgamated Copper.
The Greenville, Pa, plant of the
Carnegie Steel Company, after being
closed down for almost a month, re-
sumed yesterday morning in all depart
ments. Employment will be given to
400 men.
OF the $4,000, 900 South African gold
offered In the open market in London
81, 900. 900 went to India and the balance
to the Bank of England.
Stockholders Of the Alliance Insur-
ance Company will o take q vote on
the question of increasing the capital
stock Of the company from 100000 to
$3.50, 900. Approval of the proposed in
crease has been given by stockholders.
Tho following additional stocks have
been listed on the Philadelphia Stock
Exchange: $1,331, 400 American Tele-
graph and Telephone; $4,000 American
Milling. and also $4,000 general mort
gage 8 per cent. bonds OF the United
Traction Company Of Indiana. Struck
off unlisted department $25,500 Phila-
delphia Trust, Safe Deposit In
surance certificates for Interstate rail7
ways collateral trust 4 per cent, and
1924, 500 series A and $401 900 series d,
Real Estate Trust Company temporary
receipts for Interstate Railway col
lateral trust 4 per cent.
Financial circles are commenting ia
yorably on the net gain of over 1000.
900 paid for business shown in the an
nual statement submitted to the stock
holders and policy holders by the Phil
adelphia Life Insurance Company. AL
though but five years old, this com
pany now has over $21, 900, 900 paid for
Insurance in force, and each year has
witnessed a net increase of about ST.
600, 900 over the preceding year.
In regard to the assertion Of Illegal
ity of the 49, 600, 900 of Az per cent.
notes, Just issued and sold by the New
York. New Haven and Hartford Rail-
road Company, an official statement is
made by that corporation that the
Massachusetts law does not apply to
proceeds of bonds. which proceeds are
to be used In another State or country,
or to pay obligations incurred In an
other state OF country, and that the
consent of the Massachusetts, railroad
commissioners Is not required for any
such issue of notes. None of the pro-
ceeds of the bonds referred to. It is
officially stated by the corporation. is
to be used in Massachusetts.
quick results are whAt you get " you USE ths