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Brooklyn Life from Brooklyn, New York • Page 30

Brooklyn Life from Brooklyn, New York • Page 30

Publication:
Brooklyn Lifei
Location:
Brooklyn, New York
Issue Date:
Page:
30
Extracted Article Text (OCR)

BROOKLYN LIFE. 30 postage. The interest on cash in hand amounts to more than the total expenses of the receivership. The Knickerbocker Trust receivership under the old system cost $300,000. The Williamsburgh Trust cost $55,000.

The Hamilton Bank receivership, which lasted about as long as that of the Home Bank, cost $12,000 for the receiver and $8,000 for counsel, which was regarded as modest. The Home Bank's receivership cost less than one-sixth of one per cent of the deposits. There was no counsel. There was no board of receivers. There were no allowances.

A competent bank examiner took charge, straightened things out, restored the property to its owners and got his regular pay for so doing." to Francis H. Kimball, the architect, and a plot of six lots on Avon Road, between Doncaster Boulevard and Kent Road, to Henry Carpenter. Mr. Kimball is drawing the plans for a home, which he expects to erect on the plot this year. Jones Seitz have made the following sales: Northwest corner Fulton Street and Fort Greene Place, 715-77-719 Fulton Street and 88 Fort Greene Place, three-story brick stores and flats, for Celestine Wilkenshoff to an investor 380 Jay Street, between Myrtle and Wllloughby Avenues, three-story and.

basement brick dwelling on plot for Emil Lazansky to Adam Muller, and 193 and 195 West Ninth Street, between Court and Smith Streets, on plot 45x100 feet, two two-story and basement frame dwellings for the estate of Ella Farrell to Catherine Bernius. They have also leased 476 Fulton Street, between Elm and Fulton Places, for the receivers of the Mechanics and Traders Bank to the Star Shoe Company for a term of five years; '-store, 130 Livingston Street, between Court Square and Smith Street, for William D. Buckner to the Erasmus Printing Company for a term of years northeast corner of Washington and Concord Streets, store property for Realty Associates to Philip Lowalle for a term of years, and store, 120 and 122 Livingston Street, for Charles Scha-per to Buick. Automobile Company for a term of years. Quotations of Local Securities.

Fay- Last Sale Bid Asked able Jan. 1 A Jan. 31 Mar 1 Feb. A Jan. Jan.

Feb. Feb. Jan. A Rate Div. Trust Companies Brooklyn 20 Citizen's Flatbush 8 Franklin 14 Hamilton 10 Home 4 Lafayette L.

I. Loan and Trust .12 Kings County 12 Nassau 8 People's 12 Title Guarantee and Trust 16 Williamsburg National Banks City 14 First .16 Manufacturers' 14 Nassau .12 State Banks Brooklyn Broadway .14 Borough Home 8 Mechanics 12 Montauk North Side-, 8 Prospect Park 6 Terminal Mechanics and Traders Illuminating Companies Brooklyn Union Gas Jan. 1 Jan. 1 Jan. 1 Jan.

A A A 11 11 a 11 11 a A A Sundry Events. AS a tribute to his personal and soldierly qualities, Captain W. J. Carlin of General Eddy's staff was presented last week Wednesday evening with a handsome silver plaque mounted on wood with the Forty-seventh Regiment coat of arms in gold The donors were mostly members of Company Forty-seventh Regiment, of which Captain Carlin was recently a lieutenant. The presentation took place in the Second Brigade headquarters in the Twenty-third Regiment Armory.

THE Atlantic Yacht Club went into commission on Decoration Day with, as much eclat as was possible, in the watery circumstances. The club has entered into an arrangement for an exchange of courtesies with the Marine and Field Club this season so that members of either organization may purchase supplies at the other. A gasoline launch Sea Gate is to make regular runs between the Atlantic Yacht Club and Bath Beach and may be engaged to take members to other points on Gravesend Bay. ADDRESSES will be made by Miss Emma L. Johnson, principal of the Brooklyn Training School, and Justice William J.

Carr of the Supreme Court at the commencement exercises of the Berkeley Institute next week Thursday evening. The exercises are to be held in the Memorial Presbyterian Church. A dance will be given by the graduating class later in the evening at Berkeley Hall. Jan. 8 6 Jan.

Oct. A Kings Co. E. L. P.

K. C. E. L. P.

1st mtg Edison Consol mtg B. C. Newton 1st mtg Railroads Brooklyn City Brooklyn City 1st mtg 10 6 Jan. July A Jan. 395 405 115 130 111 '240 255 180 200 210 270 280 75 85 100 240 260 435 455 150 195 225 280 310 350 375 275 305 305 100 390 425 240 400 120 150 250 260 130 150 320 330 155 130 110 120 110 115 120 102 104 83 90 93 185 195 185 102 100 101 103 92 95 100 100 99 101 81 82 84 100 106 102 100 110 99 102 102 95 100 103 50 100 100 70 80 90 206 215 210 105 120 95 105 95 105 100 83 87J 122 125 150 100 115 180 205 205 110 107 175 185 165 175 115 125 150 140 130 150 140X 100 110 108 112 110 75 105 230 250 300 115 120 115 130 145 90 93 70 65 375 420 20 35 35 40 20 30 60 60 95 8 12 60 65 95' 50 60 60 A Brooklyn Crosstown 1st mtg New W.

Fl. 1st mtg G. Lo rimer 1st mtg Brooklyn Heights 1st mtg Jamaica Brooklyn 1st mtg Nassau Elec. pfd 4 Nassau Electric 5s 5 Atlantic Avenue gen'l mtg Bk.B.&W.E. 1st mtg (series B) Bk.

gen'l mtg Coney Island Brooklyn C. I. B. 1st mtg Miscellaneous American Dist. Tel 5 Nov.

15 Brooklyn Safe Deposit E. W. Bliss Jin. 1 an. 1 10 8 6 5 A Apr.

1 eb. 1 eb. 1 E. W. Bliss pfd E.

W. Bliss 1st mtg Brooklyn Warehouse Bush Terminal Bonds 1st mtg. Bush Terminal Bonds 2d mtg Cosmopolitan Land Co Empire State Surety A 8 Nov. A Jan. 1 Eagle Warehouse 6 Home Title Ins.

Co. Feb. 1 6 10 3 Jan. 1 Financial. IT would hardly be fair to say that the beginning of the summer stagnation is responsible for the dulness of the local security market for this condition long antedated the warm weather.

Dull it is and so late is the season that it is pretty apt to continue so until fall. It is only fair to add, however, that prices continue firm with small changes. Generally speaking there is no doubt but that prosperity is returning. It is in the air and reports from all about announce it. Still collections are very slow and will undoubtedly continue so until an extended period of good business enables business men to catch up.

The opening of the Williamsburgh Trust Company next Monday is of enough importance to warrant the engagement of a brass band. A strong directorate has been elected and it is practically determined that Vice-president Willard P. Reid, who has worked so indef atigably for the past six months in behalf of the company, will resume his position as head of the Fulton Street branch. The Home Bank will resume this week under most favorable auspices and thus but two, the Brooklyn Bank and the Mechanics and Traders, remain in the financial doldrums. As to receiverships the New York World says editorially "The Home Bank of South Brooklyn recently went into a receivership not the old kind of receivership, but the way of curing insolvency provided by Superintendent Clark Williams's banking amendments.

Under this new law, instead of the Attorney-general making application to the court and several receivers and a counsel being appointed, the Superintendent of Banking designates a deputy to take charge. This was done in the case of the Home. Bank. It, is now restored to solvency and its management will be returned next week to its stockholders. Every depositor can get his money, the business of the bank will go on with renewed public confidence and the total cost has been $900, paid to Deputy George S.

Leonard at the rate of $18 a day for his services, with a few dollars additional for typewriting and Kings County Mortgage Lawyers' Mortgage Lawyers' Title Ins. Co Metropolitan Surety Metropolitan Jockey Club Nassau Fire Ins Y. N.J. Telephone N. Y.

N.J. Tel. 1st rate A 10 7 Jan. Jan. A Jan.

Jan. Jan. Jan. Jan. Jan.

Jan. A People's Surety 6 Phoenix Fire Insurance 10 Realty Associates 6 Royal Baking Powder 10 Royal Baking Powder pfd 6 U.S. Guarantee and Indemnity 6 Williamsburgh Fire Ins. Co. 20 N.Y.

Queens E. L. N.Y. Queens E.L. pfd Ferries Brooklyn Ferry Tenth 23d St Tenth 23d St.

1st mtg Union 2 Union 1st mtg N.Y. E. River N.Y. E. Rivet 1st mtg Jan..

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About Brooklyn Life Archive

Pages Available:
53,089
Years Available:
1890-1924