New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-07-11
'RPIEF NOTES OF FINANCE
DoraoraphS Of Current interest
for the Investor.

IUl wv wv
.,,,srdirs the situation abroad.
N0,' Soc changed little, if any, for the
'a, .- toward course Of relief IN the
Nus, -,arket. the Bank OF England for
r'l'l Is able 20 make favorable
IBIS W. IN show proportion Of re-
r'iNn r;,bilitios of 5o.59 per cent; an en-
ff's " cain over last week and above
a.7a.,sar average Of 5ol5 per cent
ne va NOT noted a heavy increase nm
'., we and gold holdings and the state
f''. .ocirosts the demand on the supply
menu nv continental Europe, which VIII
t''' ,.,ro,ed I'M the event the weekly
be A.. ~ gold from the Transvaal are
s'iP.',' Tho reduction Of the loan &C
S'P, ar5 other points in the statement
tou" -. care with which the Bank is
snow 49, prosant conditions, and keeping
n'''".9 AZ &c per cent would seem to he
M -. for some time 20 como, unless
Hs,'S'. -,,,,ld be a sudden termination Of
ta .,af.s I'm the Balkans, followed 10y a
ao,l"'., ,storatfon ~ confidence through
3-'n ..,j,cutal Europe, which is not prob
'.' 0 LIVED from the present status.
Tn. Difference Time Makes
ANY Years since tips were freely
w that Vulcan DEFINING was
o''',@', lace its common stock ON diNi-
S.s s.,,s and probably declare an extra
o 1870 Il was freely given out with
.r,,,c denials, that insiders were
10Th the common and preferred
ou!.l &C the earnings were so large. in
- s,,.,or 70 a very large sum to ne re-
- ~ from tho American Can Company
infringement Of PATENTS Both the
...r-ed and common shares were boost
49, ~ help the upward movement
gu ras said that the officials OF the
SO company were forced 10 80
p'u' -. amen market and purchase com
Nv ,,o.k as they old not hold con
. I'm interest and Il was necessary Tor
49,, - ss,,lre T. But the wind has long
= w.. w.. zone out Of the imitation OF prices
en- ~. s,ocE. both preferred and common
~ -. cannon one day had a sinking
ali which took it down so fast no ono
'..,a "a found TO buy ", except at such
49, market it seemed ridiculous and
.. &c another story now; there is
80 that the dividend on tho common
~, !. ,assed. but that the preferred VIII
',.,5 ss tho money 10 be paid 20 Nul-
80 The American Can Company VIII
. 80 = enough for such requirements.
Good Roads in Texas.
L. active
..nrs]vn for good roads, and during the
s,,, Ave months Of 1918 reports from tho
-..ious commission boards OF the Lone
c.,- state show that there were thirty
,lv elections on bonds for good roads in
,sI,+,, counties. involving S5,36oooo or
these elections, twenty-five resulted IN
favor Of issuing bonds, the total Of which
vas e 5000. This is a large Increase
cy.r the bonds for good roads issued dur
ing 1872. and the outlook is for still great
q improvement provided for by other
bond issues.
Harvest Time for Banks.
During times OF high money. while the
commercial institutions Of the country do
mo, reap a harvest, the banks add largely
"a their earnings. The last call Of the
Controller. on June 4. compared with the
canofa year ago. shows that out ~ their
earnings banks have been able 10 not only
make regular disbursements 20 share
holders. but 70 place substantial amounts
10 their surplus and undivided profits &C
counts. New York institutions have shared
In this prosperity, as shown by the fact
hat the National city Bank applied 70
this item s. O-7, 800. which brought its COM
lined surplus and undivided profits mp 20
gl5slOn or more than $4,000 in excess
= its capital stock The Hanover Ma
toral Bank allotted $3.50 90 70 It's sur
plus and undivided profits accounts; the
Mechanics and Metals added SIZE. 500. and
me Bank OF Commerce, s1.o3l, so. on a
capital Of S25,rCo,ooo tho National City
Bank showed 4 percentage OF earnings
amounting 10 1873 per cent, and the Bank
q Commerce l2l2 per cent The First
National Bank, on a capital Of 100000,
showed G34 per cent OF earnings. The
Park National Bank. on $4,000 capital,
cA per cent; tho Chase National Bank.
on 10000 1876 per cent; the Hanover
National Bank, on 10000 capital. $3.50
pG cent; the Bank OF America, on 81 800
10 eap!tal. $3.50 per cent; the Chemical
National Bank. on 5000, 900 capital. 1855
, Per cent, and the Corn Exchange Bank.
90 10000 capital, 23.27 per cent. OF the
fourteen OF the more important New York
Clty national state banks mono OF the
stTnings Showed a lower mark than 70
PEI cent Of earnings on capital.