davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
FINANCIAL DATA
As OF July 81. 1894

During the year ended July 81,
mortgages were reduced by nearly
$500, 900. Cash gained about $780,
900. Surplus was increased about
100000. On July 81 the current
ratio was better than nine to one,
while the book value Of the common
stock was S2277. a gain of S1.62 in
the twelve-m period.
The company has shown good
earning ability right through the
depression, although there was dip
in the fiscal year ended Jan. 81, 1888,
when S135 was earned on the capital
stock. For the last fiscal year $3.50
was earned and SIS cents for the six
months ended July 81.
The present annual dividend rate
Of 81 has been maintained for sew
eral years. This rate has been
earned by a good margin.
w. T. Grant Co. was incorporated
in 1927 in Delaware. The capital
stock is listed on the New York
Stock Exchange. At a current price
of around SOS it sells to yield 81
per cent.
All Rights Reserved. Winchester Institute
OF Finance, Winchester. Mass
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Baldwin Locomotive Works Securities Break on
Frank Statement by President
: BY VINCENT s. LYONS 5
Times Financial Editor

The unusual spectacle of president of of Amer
cas leading corporations volunteering the information that
the working capital of his enterprise has deprecated such
extent that it is not sufficient to meet needs
presented this week by George H. Houston president of the
Baldwin Locomotive Works
This interesting and damaging bit of information
brought CONSERVATION into the securities markets which
obligations of the Baldwin company listed The
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

6 per cent bonds of 1888
crashed almost 80 points; the
common shares fell to a new
low for the year and the pre-
ferred stock slump, 812
points.
Net working capital is the life
blood of a business enterprise. Wall
Street traders and other holders OF
securities realized this when they
began to dump Baldwin Locomotive
issues on the market Immediately
after Mr.. Houston's announcement,
which was made at the conclusion
Of a directors meeting.
Information Was Concealed
Time was when corporation eX-
ecutiveS were somewhat more than
prone to conceal such Illuminating
information from public scrutiny
until something could be done to
rectify the situation.
The contrasting candor Of Mr..
Houston leaves one aStounded. The
New Deal has brought about many
transitions in political and economic
spheres. 1t is questionable whether
corporation taciturnity has been
broken down to such an extent that
the Roosevelt administration can
encourage heads Of business to offer
such evidence as that of the Bald
win Locomotive Works.
The entire situation is richly sig
nificant, every one agrees. But on
the question of where the signif1-
canoe begins and ends there is
perceptible lack of unanimity.
Wall Street has known for some
time that Baldwin has been in
poor position. This has been reflected
in its efforts to acquire new capital.
In the year ended Sept. 80 the COM
pany reported a net loss of $3,777,-
093 after depreciation, interest, ETC.,
which came on top of a $4,000, 1923
deficit in the preceding year.
Reaction Is Psychological
Such substantial deficits can not
long be endured without upsetting
the financial structure of company.
The financial community under
stood this. Consequently, the break
in the value of securities undoubt-
edly was more of a psychological re-
action to the manner in which the
company's position was made known
than it was market readjuStment
to the actual condition.
Baldwin'S present financial pre-
dicament is a consequence of the
reduced purchasing power of the
nations railroad system. With earn
ings off sharply in recent years, car
riers have not been able to purchase
new equipment on the same scale
as formerly. Naturally. Baldwin's
business suffered.
An effort Immediately was made
to reSuScitate the company when
the Midvale company, which is
some 81 per cent controlled by Bald
win, voted dividend of 81 a share.
This is the first disbursement by
that company since 1888, although
a $50 payment out of surplus was
voted earlier in the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
On Commission ROW

Quotations below, are average wholesale
commission dealers.
blacks, S5lS. bOS, s585 p ersp Sa e oho
Concords, 12-qt. basket, $1.65; California
tokays. 26-lb box, s1.65. Crabapples
Michigan hyslops, bushel, s1.S5. Persim-
mons, Indiana. IL OTIS. 9Oc Pears, New
York. Bartlets, bushel, $3.50. Avacados
box. S1.50. ounces, buShel, So. Bananas.
pound, SC; .pineapples. crate, SIS size 30
Apples, maiden blush, 1.50; northern spys
S1.35; Indiana jonathans, Sl60; grimes
golden. S1.509l.75. MELONS. California
NEUTRALITY-SUSPICIOUS. Northern Dam
ish, 50-lb. bag, Coo; red bushel, Sl.10.
Onions, Idaho sweet Spanish, large, 50-lb.
Oog s3S Mbe5gsn Wei9w ST. Whit It,
Cobbiers, 1OO-lb bag. S1.45; Northern
round white. 100-lb. bag. s110; Ohios,
l00-lb. bag, S155; Idaho Russets l00-lb.
bag, 81. Sweet potatoes; Indiana Jerseys,
bushel, S1.50; Indiana Nancy Halls, bushel,
ST.. Beans, homegrown stringless bushel.
$3.50. Limas large, pound Csc. Beets,
Caulifower, crate, SITS; Celery, Michigan
medium dozen. AGO. jumbo, dozen. Csc:
hearts. bunch, eOc. Cucumbers. dollhouse,
plant. dozen, 75c. Kale bushel soc.
Lettuce, outdoor. 15-lb. basket, SOC. Man
COS, bushel. S5c. Mint, dozen, soc. Parsley.
dozen. 35c. Peas-Hamper. S2.75. Peppers,
red ringer. .bushel, s1.75; 5-lb. basket, SOC.
R,adishes, dozen, Csc: Tomatoes. outdoor.
home grown. dozen. zoe; pumpkins. dozen.
Csc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
STOCKS SHOW
SMALL CHANGE
IN DULL DEALS
Selling, Buying Interest
Both Absent: Baldwin
Loco Issues Off.
MARKETS AT A GLANCE

MARKETS AT A GLANCE
Stocks dull and irregular; price
movements narrow.
Bonds irregularly lower; rails
ease.
Curb stocks dull and irregular.
Chicago stocks quiet and unmixed.
Dollar firmer in major foreign
currencies.
Wheat off - to 4 cent: corn
down 3 to = cent: oats lower.
Cotton steady around previous
closing levels.
Rubber up to off l point.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
7 DIRECTORS ELECTED
Indiana Independent Oil AssOcia-
ton Holds Annual Meeting.

Seven directors of the Indiana
Independent Petroleum Association
were elected at the annual conven-
ton for the coming year. it was an
nOunced today.
They include L. J. Scheidt, Co
lumbus; Philip T. Williams, c. E.
Foreman. George Lilly and r. NJ.
Stith. all OF Indianapolis; E. P.
Warren OF Lafayette and Frank R.
Glenn OF Muncie.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
CLARENCE M. WOOLLEY,
CLEARINGS' TREND Is UP
Loss From Year Ago Reduced to Sc
Per Cent in Week.

Bank clearings are trending up
ward again. as the total amount for
the twenty-five leading cities in the
United States for the week ended
Oct. "a, as reported by Dun g. Brad
street, Inc. was S4,429, 300 900,
against S4,694 $4,000 for the same
week of last year. a loss of Sc per
cent.
This contrasts with a decrease of
Z per cent in the previous week. At
New York City, clearingS the past
week were S2,814,476,000, a reduction
of 1876 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
FRUITS AND VEGETABLES

CHICAGO. Oct. 27.-,Apples-Michigan
Mcintosh 2i2-inch. bushel. SITS; iona
thans. S1.4o@1.50. Sweet Potatoes-Ten-
nessee bushels. 85d9oc; few Csc; Illinois.
S9.gsoc. LettuceI,7California crates. ;?9g
Representatives. bushels. 25q soc. Celery
Michigan crates, squares. 40d70c; fats.
100; Michigan s75d1 Grapes-Michi-
gan concord l2-auaTt, IS q 38c- -. CranIbeT r
Wisconsin, saS s5'oo@3.5o spinachGMissogri
bushels. 25q 35c. Carrots-Illnois bushels.
4od SOC: punches, &c. Celery,-Cabbage11
Indiana punches. 1c. Onions-Illinois green
bunches,- 4q8c. Onion market l50-pound
yellows. sl.0o; Michigan whites sl.00Gl.l0.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Ne7V York Stock Exchange Prices

Sales totaled 100000 shares, the
smallest Saturday since Sept. and
one of the smallest in ten years.
Sales a week ago were $4,000 shares.
Dow-Jones preliminary closing
averages: Industrials, 1886, off OILS;
railroads, 34.9S, unchanged; utilities,
1919, off 0.02.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Wall Street
by RALPH HENDERSHOT-
Times Special Writer.

NEW YORK, Oct. 27.-Most peo-
L pie in Wall Street felt better
today than they had in some time.
Developments during the past week
has caused the worst of their fears
about the country going radical to
materially subside. The bankers
and the administration appeared
we'll on the way to making up; a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

dlStrlcC supreme
court justice had
put the skids I'M
der the railroad
retirement a C t,
and a magazine
poll had placed
U p t on Sinclair
we'll behind his
opponent in the
race for Governor
of California.
OF partic ular
Importance as
the P r e i d ent'S
rpnlV tn q nllnS-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
MISS PERKINS TO TALK
Collective Bargaining Will Be Sub
ject at Purdue Conference.
3vTimeS Special

bW tWtN SpttiuA
LAFAYETTE. Ind, Oct. PIPER
sonal phases Of collective bargain
ing under Section IA Of the national
industrial recovery act, will be dis
Cussed at a conference to be held
at Purdue university. Oct 80. it was
announced today.
Miss Frances Perkins. secretary OF
labor. Will be among the principal
speakers 10 be heard at the special
conference.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
CHICAGO PRIMARY RECEIPTS
Cash Grain

TbY UNlleQ PreSSI
CHICAGO. Oct. 27.-Wheat-No. 2 red,
97a4o; No. hard, $1:o424; No. A hard,
S102A 61.0212 Corn---No. l mixed. roc:
No. yellow: zoe; No. yellow. 7S12G79c;
new, 76c; No. 3 yellow, 78078Hc: new,
No. white 84c. Oats-No. 2 white, 53c;
No, white: 52@52hc; No. white, SOFA
81 4c; sample 44c. Barley-Quotable. 80c
G$1.18 Timothy-$16.50 61750. clover
Seed-S15619. Cash Professionalism. SO so;
loose: 50 So leaf. $3.50; bellies, 1887.
TOLEDO, Oct. 27.-(In elevators, transit
billing. Pheat-No. 2 red, 981a0991ac
Corn-No. 2 yellow. 81 082c OatS-No. 2
white, 5612 @5712c. Rye-No. 2, 73@74c.
track prices, 241a rate). Wheat-No. l
red, 94l2@951ac No 2 red, 9312G941ac.
Corn-No 2 yellow, 75@771ac: No. yellow,
74@77c. Oats-No. l white, 5312655c; No.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
BY ELMER c. WALLER
United Press Financial Editnr

NEW YORK, Oct. 27.-Todays
short session on the Stock Exchange
was one of the dullest in more than
decade. Few stocks moved out of
fractional area and selling as we'll
as buying interest was absent.
American Machine g. Foundry
was the active favorite on the up
side. 1t rose fractionally. Baldwin
was the most active on the board
with the common and preferred de-
Scending to new lows for the year.
The common broke below 5 while
the preferred at 1914 was off Il.
Baldwin bonds declined on the Curb
Exchange.
Amusement shares ruled firm on
reports of good attendance at movie
theaters throughout the country.
Standard Oil of California was up
more than point in a strong Cali
fornia group where Pacific Gas also
were up nearly a point and Cali
fOrnia Packing more than a point.
Fractional Changes Rule
Aside from the issues mentioned
above nearly all stocks were changed
only fractionally.
Wall Street was treated to a bit
of activity for a time during the
past week. Prices had a sharp rise
for few minutes and then declined
in subsequent sessions.
The list had Jagged along Mon
day, Tuesday, and nearly ali of
Wednesday. On Wednesday, ten
minutes before the final gong, Dow
Jones printed on its tickers the
United Press dispatch that the Dis
trict of Columbia supreme court
had found the railroad pension bill
unconstitutional.
That brief message brought
booming market in less than a min
ute. In those ten minutes about
200,0 shares changed hands or a
rate of about 100000 shares for a
! five-hour day. Prices scared with
the railroad shares leading. The
railroad average rose 2.2O points, or
more than per cent. The decision
appeared at first reading very bull
ish and the market, ready for good
news, responded Immediately. On
careful reading, however, the opin-
ion was modified and selling en-
sued next day when nearly all the
gain was wiped out.
Roosevelt Speech BuIlish
Wednesday night, Presid n {
Roosevelt addressed the American
Bankers Association convention. He
reiterated his desire for gains for
private effort, and said government
spending would be curtailed as
bankers opened their lending chan
nels. He again failed to mention
the budget or dollar sterilization,
but bankers held these two problems
could not be handled at this time
anyhow and were content the
speech was bullish.
Wall Street also felt the speech
was favorable in that it represented
the beginning of government CO.
operation with bankers in combined
efforts to bring recovery. However,
the timing of the speech was I'M
fortunate since it conf1icted with
adverse developments which I'M
settled subsequent markets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Stock Studies

The original w. T. Grant Com
pany was a Massachusetts, corpora
ton organized in 1906. In 1927 a
Delaware holding company was
formed, taking over the entire cap
ital stock of the Massachusetts, cor
poration. w. T. Grant operates a
chain of Asst general merchandise
stores specializing in articles selling
at 81 and under. Stores are To-
Gated in thirty eight states of the
country.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

ton about his attitude toward
central bank for this country. He
asked the inquirer who had raised
that ghost. Wall Street does not
want Washington to rock the bank
ing boat any more than is neces-
sary, and in that connection it GER
tainly does not wish for anything
which would suggest that the gov
eminent might take over the banks.
For some months past big busi-
ness men both in and out of Wash
ington have been asking the Presi-
dent to help restore the confidence
of the general public. Apparently
Mr.. Roosevelt and his lieutenants
have been going out of their way
to do it. In addition to the relief
the court action this week will bring
to the railroads it affords reassur-
ance to moneyed people generally
that the judicial branch Of the gov
eminent is acting as policeman
guarding their interests.
CINCLAIR had given the people
~ in the east quite a scare. They
are still somewhat afraid, but the
poll indicates that efforts to beat
him for the election are meeting
with success. 1t probably never will
be known whether the break in the
market for securities of companies
with California connections was en-
gineered to give people of the
Golden State a scare or whether it
was a natural development caused
by those who really we're afraid Mr..
Sinclair's EPIC plan would do more
killing than curing.
In addition to the political and
semi political d evelopm e hts the
Street had reason for increased con-
fdence because of happenings in
the industrial world. Report S
showed a further increase in the
output of electricity, and four COM
panieS this week declared extra
dividends in addition to their usual
disbursements.
CLARENCE M. WOOLLEY,
~ chairman of the board of the
American Radiator and Standard
Sanitary Corporation, added to the
general cheerfulness by relating
how the business of his company
had turned upward since early
August for the first time in about
six years. The increase in the first
fourteen days of October amounted
to Is per cent. he said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
LOCAL CASH MARKET

City grain elevators are paying IS cents
for No. soft red wheat. Other grades
on their merits. Cash corn No. 3 yellow
SO cents. and oats 43 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Retail Coal Prices
= pOMEsTIo RETAu. PRICEs

The following prices represent quotations
from Leading Indianapolis coal dealers
ascent Carving CHARGE Der ton viu be
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Other livestock
INV limited Pressl

1000 including 500 directs; holdovers,
1000; market, steady on meager supply:
compared with Friday last week, prices
around soc lower on continued heavy
supplies. Cattle-Receipts. I,5oo CONNER CONNER.
cia 1000 government Gatyes[ReceaPesd
Friday last week strictly good and choice
fed steers and yearlings. Csc lower; sup
ply such kinds small; extreme top . !; ~
later at $3.50; best light steers, $3.50; long
yearlings. $685.; market on common 70
o of most et0s stocfers S s2so@45o best s525
steady: vealers, Csc lower; strictly grain
fed steers strong TO- Csc higher TOP Top on on
vealers late. $3.50 sheep-Receipts, 5000:
all commercial; for week ended FRIDAY %
doubles from feeding stations; bulk tat
to Csc up; sheep steady; weeks extreme
top native lambs. ST: late top, So o5 puIK
good to choice SLAUGHTER offerings snT5 IS So oOg
feeding lambs, s5d6: top. 1925.
(By Times Special
mercial 125. market, nominal compared
Generally gene steady; light stockers mostly Csc
Tower: weeks trade fairly active and
quality plain; bulk common. to medium
only few s565.50: strictly good baby beef
type yearlings eligible higher; BULK beef
cows. s250G3; practical top S3.25; low
cutters and cutters. S1.25d2-25; bulk
sausage bulls. s225G2.75; desirable Here
ford Stock calves mostly s4.25d475; COM
mon to medium grade natives, s2.50d3 so
Calves commercial 200, market. steady;
81: medium and lower grades s. down:
best vealers closing soc higher for week
others steady. Hogs-Recelpts, l5o. mar
ket, 10c lower: 200-250 lbs, s5,45; l8O-l95
lbs. $500 255 lbs. up, IS; l6o-175 lbs,
81 so; 14O-155 lbs. s4.10; 120-l35 lbs, So 10;
sows, s425; market closing sc lower than
last Saturday. Sheep-Receipts. IS; mar
ket nominal compared with close last
week: fully steady on all slaughter classes;
closing bulk better lambs, s5.7546; choice
se25 or better; bucks, s4.75G5; ngnt
throwouts $3.50; better fat ewes. $500
Q; most stock ewes. s5g650; head choice
quotable to $3.50
FIT. WAYNE. Oct 27.-Hogs- eipts;
i lbs tOs S. 80: 10000 ibs, S I6o-18o l6s
1896: 3O0-350 lbs, s5,l; l5o-l6o lbs s490;
i4O-l50 lbs. s425; 130-140 lbs. s3.75; 40
1870 lbs. So IS: 100-i20 lbs, S2.75; roughs.
s425; stays, $3.50. Calves-s75 So lambs.
LzFAyygEgTT7Eg Oct 23 boa s5. :a755 Us
lbs. s5G So 2l0-235 lbs, s5.l5G SIS; 100
2i0 lbs. s495G5.05 I70-1e0 lbs. 81 70 q
ABS l60-l70 lbs. $3.50; pigs, 81 down,
roughs, s4.75 down; calves, steady; 81
down; lambs steady. s6.25 down.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Money and Exchange

INDIANAPOLIS STATEMENT
ClesringS Observation-Disclosures. 81 s27 600 %
Debts ........-......... 44S 600 90
Clearines for the week .... Il TT 600 90
Debts FOR the week .----... so ass 900 90
FOREIGN EXCHANGE
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
,By Abbott, Proctor & Painel
i. s. Bonds
By United Press

DV tNtttu fitSN
NEW YORK. Oct. 27.-Closing Liberties.
lDecimals represent thirty-seconds1
Liberty
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Treasury Statement
INV United Pressl

(By United Press
WASHINGTON. oct. 27.-Government
expenses and receipts for the current
fiscal year TO Oct. Is. compared with the
corresponding period Of the previous fiscal
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

SHEEP AND LAMBS
Receipts, 300
Choice Tvs oo"A' 49, Sc. 5oa TOO
Common and medium ........ ASA $50
9o-l2O lbs. good and choice. 2oo9 $50
i2o-l5o, Good and choice 1850 2.25
al medium .c... ..UH I.25a 400
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Home Owners Loan Corporation
IS May l, 1921 .......... 1925 1871
Is July l. 1851 .............. 97.26 97.3l
Federal Farm Mortgage Corporation
31As March Is. 1964-44 1Oo20 100 30
IS March /, 1924 ......... 97.2S 96.2
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Latest Stock, Bond and
Commodity Quotations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Quotations below are average wholesale
prices being offered to buyers by local
commission dealers.
The Waterbury Democrat., 1934-02-22
By Blosser

good reason to keep plunking good and loud.
 q warn my friends of coming rain. I've done that, lad, time and again." And then the toad glanced up and cried, "Oh. look at that dark cloud!"
 I'm positive storm is due. Once more I'm going 10 play for you, and l advise you all to run and find n place to hide. "Remember, if you're soaked tday, because you didn't dash away, it's your own fault "oh, zoe, the frog is right" wee Duncy
 cried.
 Down came the rain. Come on,
 let's run! If we get soaked,
 twill be no fun" cried Windy. Then the whole bunch saw the
 toad hop cross the ground. " ItoId you you were being
 rash" the toad exclaimed. Then came q splnshl Said coppy,. Tn a
 stream he thinks that he is Saie and sound"
 (copysight, f934. NEA Service. lnr) fThc Tinles watch some busy ants in liic nest ss0fg,l
The Waterbury Democrat., 1934-02-22

The tree toad had to laugh to see the Tinies fretful as could be. You do not like my noise,' he cried. Why, I think it's just grand.
 T plunk along the live-long day upon my big bass viol, and say, I never have to ask q single soul to lend hand"
 "Oh, I know why you don't tire out" the big toad heard wee Gcouty shout. The plunking isn't done alone with claws. You have 6 bow.
 "When you push that, It's a relief. Your claws. thus, do not come to grief. If you don't stop your plunking for a while, we'll have 10 go.'
 "Oh, wait," replied the great big load. And very soon the music slowed right down until It stopped. Mee 0oldy shouted. "Thanks loi.
 "Th0ugh you're as proud as you nnn bo OCT playing tunes, lf you knk me. I really couldn't sny thnt sour plunk music is SO hot.
 ssWoii," ann@Ded fho toad You ana ybo right. Hut, sometimes, D. zhe day or nlshts have q real
The Waterbury Democrat., 1934-02-22

fThc Tinles watch some busy ants in iiic ncxt slOFy,l
Evening star., 1934-01-07
DEPOSITS INDICATE
MORE CONFIDENCE
Reserve Bank Report Foreshadowed
Statements Showing Losses
Have Been Restored.

BY the Associated Press.
NEW YORK, January 6-Restoration
O. confidence and increased volume of
general business activity have tended to
restore bank deposits throughout the
this week by many leading banks
indicated.
This had been foreshadowed by the
consolidated weekly condition state
ments of all Federal seserve member
banks in 80 leading cities. On Decem-
ber 81, las, they had total deposits of
S16,030 coo 900. virtually duplicating the
total as of December %. 1882. which
was Sl6032 10000. 1t appeared. there
fore, that the reduction in deposits dur
ing the early months of 1888 had been
restored.
The Chase National Bank, largest in
the country, reported total deposits as
Of December 80 of 81 1854 ,339 900. against
81 l.358.560.0 900 at the end of October,
and 81 1466, ,039. 900 a year ago.
The Guaranty Trust Co. of New York
reported s1,0l9. .582 900, against S1,007,-
638, 900 three months ago, and S1,018,-
1000 a year ago.
The Continental Illinois Bank &
Trust Co. OF Chicago largest in the
Middle West. reported deposits at IT,
end of 1888 at s629, 9,944, 900. agai,
S627. .125 0C0 year previously.
The Bank of America of California
reported deposits of S826, ,051 900. or sub
ctantially above the STAG $4,000 Of a
year previously.