11 THE CHICAGO BANKER September 5, iqo8] The Girard National Bank Of Philadelphia Capital, $ 2,000,000.00 Surplus and Profits, 3,650,000.00 Deposits, . . . . . 28,500,000.00 FRANCIS B. REEVES, President RICHARD L. AUSTIN JOSEPH WAYNE, Jr. Vice-President Cashier THE0. E. WIEDERSHEIM CHARLES M. ASHTON Second Vice-President Asst. Cashier Accounts of Merchants, Individuals, Banks, and Bankers Received on Favorable Terms FOURTH STREET NATIONAL BANK OF PHILADELPHIA, PA. Capital ... $3,000,000.00 Surplus and Profits 5,900,000.00 ־ UNEXCELLED COLLECTION FACILITIES CORRESPONDENCE INVITED R. H. RUSHTON, President E. F. SHANBACKER, 1st Vice-President B. M. FAIRES, 2nd Vice-President R. J. CLARK, Cashier W. A. BULKLEY, Assistant Cashier FRANK G. ROGERS, Manager Foreign Exchange Department T. W. Andrew at New Brunswick Thomas W. Andrew, cashier of the Merchants’ National of Philadelphia, is enjoying a two weeks’ vacation, which he is spending at New Brunswick. Tr* Illinois Crop Conditions Automobiling over the corn belt is now popular among the traders. Two operators who went through Cook, Will, Kankakee, and part of Iroquois and adjoining counties Saturday and Sunday said the crop outlook was poor, with no chance for more than 50 to 75 per cent of a crop. An elevator man from the southern part of Iroquois County said that his territory had a fair prospect, as conditions have improved of late. A survey of the corn fields between Chicago and Sandwich, 111., gave a fairly good prospect. In the Decatur territory prospects are reported to be for 50 to 75 per cent of an average crop. Corn from Chicago to Peoria spotted. Recent rains helped considerably. Much of the corn is late in lowlands. Acreage reduced around Peoria looks better. Crop about 75 per cent is the word from Peoria district. V* The Metropolitan Trust & Savings Bank The stockholders of the Metropolitan Trust & Savings Bank of San Francisco recently elected the following directors: A. A. Watkins, Clar- ence Grange, John H. Spring, James M. Keith, A. D. Cutler, Gavin McNab, N. H. Stetson, A. L. Meyerstein, Charles Hagmeier, F. R. Cook and F. N. Fish. The directors elected the following officers: A. A. Watkins, president; Clarence Grange, vice-president and manager; A. L. Meyerstein and John H. Spring, vice-presidents; F. R. Cook, cashier and F. N. Fish, assistant The Union Trust Company, of San Antonio, Tex., with a capital of $500,000, has been organized. J. R. McAllister at Lake Champlain J. R. McAllister, president of the Franklin National of Philadelphia, is at Lake Champlain on his vacation. Listed on the Philadelphia Stock Exchange There has been listed on the Philadelphia Stock Exchange $20,000,000 consolidated mortgage gold bonds of the Pennsylvania Railroad Company due May 1, 1948, and $33,-300 additional American Gas & Electric collateral trust 5 per cent bonds, making a total amount of $3,005,200. The Mercantile Trust and Deposit Company The Mercantile Trust and Deposit Company, of Baltimore, has purchased from the city of Philadelphia the unsold balance of the 3J4 per cent $1,000,000 loan, amounting to $774,-000, at 91 and accrued interest, or on a basis of 3.80 per cent. Fire Insurance Premiums Fire insurance premiums amounting to $2,886,700 were collected in Philadelphia during the first six months of this year, $713,304 going to local and $122,711 to Pennsylvania companies. No Philadelphia Interest Affected So far as could be learned, no Philadelphia interest is in any way affected by the failure of A. O. Brown & Co., of New York. The firm had many branch offices, but never established one in Philadelphia. Will Begin Business September 8th Harold M. Pierson, who bought the Stock Exchange seat formerly held by A. E. Apple-yard, will begin business September 8th, with offices in the Stock Exchange building. Will be Back from Vacation Next Week Captain John P. Green, first vice-president of the Pennsylvania Railroad, and Samuel Rea, third vice-president, will both be back from their vacations next week. The Girard Trust Co. of Philadelphia, Monday occupied its new building at Broad and Chestnut streets. The new structure, which is one of the finest buildings in the world occupied as the offices of a financial institution, has something of the appearance of the Pantheon at Rome, though it is a modern structure from the top of the magnificent dome to the subcellar. Constructed of white marble, the building is one of the finest architectural ornaments of the city. The lot upon which it stands has a frontage on Broad Street of 137 feet, 334 inches, and on Chestnut Street of 140 feet 234 inches. It is bounded on the northern side by an alley which separates it from the fireproof building of the West End Trust Company, and by a wide open space between it and the building know as the Little Hotel Wilmot. This is also the property of the Girard Trust Company, and opens upon South Penn Square, with a frontage of 58 feet. The western side of the building extends north from Chestnut Street a distance of 85 feet, to Ranstead Street. Ranstead Street opens out into Fifteenth Street. Upon it the new building has two fronts of 22 feet, one to the north and the other to the west. R. H. Rushton Returns from Auto Trip Richard H. Rushton, president of the Fourth Street National of Philadelphia, has returned from a ten days’ automobile trip to Stamford, Conn., and back by way of the Delaware Water Gap. The Philadelphia Money Market Practically no alteration has occurred in the monetary situation in this city over recent dates. Some banks have been shipping currency rather heavily to the South, but the effect of this drain is nullified by the receipt of additional money from out-of-town banks. Few, if any, new loans are needed by brokers, owing to the stock market apathy, while the demand from mercantile sources, although better than it was, is still at a low ebb.