Neo) sive Te: ey 
» H OFRe se BR EE Z SE 49 
taken by strong interests we think 
it improbable that any important 
liquidation ean be forced. 
Of all the suits under the Sherman 
law, the one contemplated against 
the Shoe Machinery trust seems to 
have the greatest justification. With 
its elaborate system of leases, and 
with its oppressive policy of stifling 
competition it is much more of a 
monopoly than the Standard Oil or 
the Tobacco Trust. It seems incon- 
celvable that, in spite of the acumen 
of its legal advisers, it will be able 
to escape free and clear from the 
government probe. 
The one bright spot in this week’s 
news was the government cotton re- 
port showing a condition of 89.1 
which would indicate a crop of over 
‘14 million bales. Other crop news 
emanating from sources generally to 
be relied upon indicate that the 
other staples have been materially 
benefitted by seasonable rains, and 
that much of the damage has been 
repaired. We mention this espec- 
‘ially in connection with the recently 
published earning statements of the 
‘Union Pacific, and Southern Pacific 
‘roads. While these have. shown 
large shrinkages in net income, they 
will benefit from now on as a re- 
sult of the crop moving period. 
We hear again the rumor of an 
impending distribution of some of 
the assets in the Union Pacific treas- 
ury. This we ealled your attention 
to some weeks ago and we believe 
some such plan is being worked out. 
Naturally an affair of such magni- 
tude requires time and we do not 
expect any early announcement. 
However, we advise the purchase of 
the stock on any decline and even at 
present prices. 
We see no reason to change our 
previous confident attitude as to the 
improvement in general business this 
fall. The steady gain made by the 
steel trade is most encouraging, and 
after the adjournment of Congress 
the public will probably take cogni- 
sance of the fact. Consequently U. 
S. Steel and the equipment stocks 
should advance materially in the 
near future. 
Smitherson went home one. eve- 
ning after a bad day at the gam- 
bling table. ‘‘ Wife,’’ he said, ‘‘have 
you anything to eat?”’ 
- “Yes, lots of things.’’ 
‘‘Well, cook up everything in the 
house—everything.”’ 
*‘Gracious! Are you so hungry 
‘*No,’’ answered Smitherson with 
finality. ‘‘I’m going to sell the 
stove.’’—Sueccess Magazine. 
Do you have your printing wants 
attended to by the’ Breeze? 
99? 
MANCHESTER, TRUST (Gen 
STATEMENT OF CONDITION 
at the Close of Business July 31, 1911 
RESOURCES 
Mass. State Bonds . ; 3 : . $16,850.00 
Other Bonds : . 134,733 .33 
Loans and Discounts . 154,236.86 
Accrued Interest 1,991.43 
Furniture and Fixtures 1,214.38 
Due from Reserve Banks . 50,670.62 
Due from Other Bank 2,269.67 
Cash in Vault . é 19,322.25 
Bee hee tae oe $381,288 .54 
LIABILITIES 
Capital Stock : : : $100,000.00 
Surplus ; ; P ? : : é 2 : 25,000.00 
Undivided Earnings Less $3,949.75 Expenses Paid  . : 624.10 
$381,288 .54 
OLIVER T. ROBERTS, Pres. ROGER W. BABSON, V. Pres. 
RALPH H. MANN, Seeretary and Treasurer 
Commenced Business May ist, I9ll 
RAYMOND C. ALLEN 
Assoc. Mem. Am. Soc. C. E. Member Boston Soc. C. E. 
CIVIL ENGINEER 
Investigations and Reports—Design and Superintendence of Con- 
struction—Design of Roads and Avenues—Surveys and Estimates. 
Established 1897 
LEE’S BLOCK, MANCHESTER 
SHERMAN 
TEL. 73-2 and 3 
MRS. 
Announces all Millinery Goods GREATLY REDUCED for 
the remainder of the season, including HATS and TOQUES. 
44 GENTRAL ST., - - MANGHESTER, MASS. 
Electrical Wiring, Telephones, Bell Systems and Fixtures 
Agent for the SANTO ELEGTRIG VAGUUM GLEANER, the latest improve- 
ment. For Sale or for Rent. 
Rowe’s Block, Central Square, TEL—OFFICE 259-2 RES. 259-3 
Heath’s Manchester Fish Market 
Fresh, Salt and Smoked Fish 
LOBSTERS, CLAMS and OYSTERS 
OCEAN STREET, MANCHESTER COVE, MANCHESTER, MASS. 
Manchester, [Mass 
Wholesale and Retail 
Dealers in 
Telephones Manchester 192-2, Magnolia 7-4 
E67" All orders promptly attended to, and filled at the Lewest Market Price 
JOHN HEATH, PROP. 
Everything Pertaining to « First Class Market Always on Hand. 
VALENTINE’S MARKET 
ERNEST L. VALENTINE, PROP. 
Provisions, Poultry, Game and Vegetables 
28 Union Street, ~ - Manchester, Mass. 
Telephone Cennection. Teams Cover all along the North Shore. 
