New-York tribune., 1912-12-04


600 900. indicating net earnings in the last
quarter Of this year of So, ,00I, ,Oc0 On this
estimate the surplus after all charges will
be about 100000.
An advance yesterday in bar silver TO
% l1-l6 gives the metal the highest quota
tion since October 5, 1901, when the Lon
don quotation was 30 7-16d.
]. Couper Lord has been elected a d.
rector and treasurer of the Royal Type
writer Company.
Announcement was made yesterday OF
reduction in the price OF lead from
45oc to 435c by the American Smelling
and Refining Company
Herman b. Baruch has applied for
membership in the Cotton Exchange.
The Sub-Treasury was a creditor at the
New York Clearing House 10 the extent
of Sl6S,5s0.
october gross earnings Of the st. Louis
Southwestern Railway Company were
81, ,2s6, 66S. an increase OF $3.50. Net for
the month was s4i4,3is, decrease OF
t6s7.
The call Of Controller Murray yesterday
for the condition OF national banks as of
November &c is tho Gfth and last call for
this year It was the expectation OF this
call early last week that caused tho
calling Of loans on the local market and
the increased shipment Of funds TO the
interior.
Chicago advices state that November
sales of Sears, Roebuck & Co. amounted
to $S9i9,929 or 1905 per cent increase
over the same month last year. Total
sales for the eleven months were ST.
763 O3l, gain Of ti2,2525j9.
The Sub5Treasury yesterday transferred
for banks 10000 to San Francisco. The
Bank Of New York is shipping 10000
gold coin to Venezuela.
ST. Louis e. San Francisco's gross earn
ings for October, amounting TO A,S7O0l0.
were the largest of the last four years,
showing an Increase OF t2i7.1iO. Net for
the month was Sl.iSO.iH, also the best
showing OF the last four years, as well as
being $72S13 In excess Of the same month
last year.
Bertron, Griscom &c Co. announce the
formation OF a new corporation TO be
known as the United Equities. Corpora
ton, successor 10 the United Equities
Company. which is TO be dissolved. The
new company has an authorized capital
ization OF $4,000 each of preferred and
common stock. of which 100000 Of the
former and s, 100000 Of the latter are TO be
issued at once. The securities to be ac-
quired are issued by corporations which
are under the direct supervision Of the
firm. a large amount Of the preferred
stock Is said to have been sold TO for
eign bankers.
The United States Tire Company has
announced that It will spend more than
100000 In factory improvements and
extensions next year. It's Morgan &
Wright plant, at Detroit. is to be doubled
in size and capacity. The erection Of six
teen new factories Is also planned.
Secor, Schalk s. co. have been appoint
ed fiscal agents and register and transfer
agents Of the British-American Cigar
stores Company.
The October earnings report OF the In
terborough Rapid Transit Company showed
gross revenues aggregating s2,919,93s, or
s212.369 ahead OF the figures last year.
Net. after taxes, amounted to $1.sOs,O O15
and the surplus, after charges. to $l28,396,
an increase in the former OF Sl3l.O23 and
in the latter Of $13O450. The number OF
passengers carried was 57,10S,3S2, COM
pared with 52.717,754 last year and 49,
513,316 IN 1910.
Directors Of the Fidelity Trust Com
pany, of Philadelphia, have voted to in
crease the stock from $4,000, 900 to S4,-
600. 600 This new stock will be Issued at
par. stockholders having the right to sub
scribe share for share
Stockholders of the Drovers' Deposit
National Bank of Chicago at the annual
meeting, in January, will vote on propo-
stion TO increase the banks capital stock
By 20 per cent, to be offered TO stockhold-
ers at par 1t is likely that the Drovers'
Trust and Savings Bank will take the
same action. The Live Stock Exchange
National Bank has declared an extra 2
per cent in addition to the regular quar-
terly payment of 2ls per cent.
In a suit brought by an English de-
benture holder asking for an injunction
restraining the sale of the assets OF the
>r,, yorL Taxi Company the English
coprts have denied his application for
receiver. 1t was also ruled that the
plaintiff had failed to make out case'in
his claim that the security OF the de-
benture holders was in jeopardy.
.,r, 9 NAV oltADRUPlE CAPITAL,