Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-02-04
FINANCIAL NOTES.

- I
The Bank of England bought Else, 900
gold bars in the open market. Gold to
the amount of $4,000 in sovereigns was
sent to Gibraltar.
The First Mortgage Guarantee and
Trust Company, of Philadelphia, has
been appointed reserve agent for the
Farmers State Bank, of Hellam, Pa,
which opened for business on Thurs
day.
Total coinage at the Philadelphia
mint in January amounted to SO, 243, 500
in round figures, consisting of s660,00
in double eagles, $2,0 o 900 in half
eagles, $500 in dimes, 1892, 900 In
nickels and Sal, 800 in one-cent pieces.
Special meeting Of the stockholders
of Alliance Insurance Company will be
held Monday, April II, to consider a
proposition of the board of directors to
increase the capital stock of the COM
pany by the issue of $4,000 additional
shares, to be paid for by the stock
holders at $40 per share.
New York bankers, at the ~tnstigation
of Cincinnati capitalists, plan to merge
a number Of Ohio traction companies
which operate over 300 miles of track.
This plan contemplates taking over all
the pan which converge in Gin
cinnati from the north and east of that
city and grouping them under n
company.
The annual Inner OF the New York
~ IA III l. I--Tl III 49,
The Buffalo, Rochester and Pittsburg
has withdrawn from the equipment
market for the present.
The Reading has awarded to j. H..
Greiner, of Lebanon, the contract for
a new passenger and freight station at
Brownstone, the junction of the Hum
melstown and Middletown with the
Lebanon Valley branch.
The Lehigh Valley for the first half
of the fiscal year, ended December 81.
1910, shipped over its lines 7S6,530 cans
of milk, each containing forty quarts.
an increase OF 47,822 cans. or ga per
cent, over the corresponding period OF
1909.
The Appellate Division of the New
York Supreme Court has unanimously
affirmed the injunction issued by the
special term of the Supreme Court on
the report of d. Cady Herrick, referee,
restraining the city of New York from
removing the tracks of the New York
Central through Tenth and Eleventh
avenues and other streets of the city.
Speyer & Co, of New York, offer at
9SA and interest So, 800, 900 Republic of
Cuba Az per cent. bonds, due 1949. sub
%scriptions will be simultaneously
in London and in Amsterdam, and will
close next Monday. These bonds are
the last OF the $16,50o.00 0 issue au-
thorized.
Group 2 of the Pennsylvania Bankers
Association will hold its sixteenth an
nual meeting at the Bellevue-Strat-
ford, In Philadelphia, February i3.
when addresses will be made by Will
lam A. Law. vice-president of the First
National Bank and B. M. Marlin, OF
Dubois.
During January 1868 failures were re-
ported to f. G. Dun & Co, with total
liabilities aggregating s24,09o, $40. The
number OF failures was larger thar for
the corresponding month of 1910, when
it was 1910. but the total liabilities
were considerably less.
The Pennsylvania Steel Company IND
each of the other concerns which bid
on construction and erection of the
new ST. Lawrence river bridge above
Quebec are out of the use Of $500, 900
earnest money which a bidder was
required to deposit with the Bank of
Montreal.
Contract for 10000 tons of bridge
steel has been placed by the Norfolk
and Western railroad with the Amer
lean Bridge Company.