Show A GREAT FINANCIAL I YEAR The fhe New Ne York Life Insurance Co Cc I Leads out with n u Mammoth Statement New No York City Dec o close cloe clo o of 1 03 finds linde many people expect expectant t I ont not as nil to tho the reports of ut tho the financial ml It Il has lias been assumed 1 with tho tim changes In valuations of or tho thi 10 stock and nd bond lists since Ince July first thiC C that them there bo b considerable mark mar jog oft III hi values and In the reduction a of oC o surplus holdings Tho rho New York it Life Irb Insurance Jn Company Is the first of oC the great ireat corporations to make a state statement stat 1 ment nt The applications for tor II W In Insurance it l amounted to Thu TI mu II paid for bu ne f by TIto the to Company for lor 1903 Is 8 U Irest President I dent tIent McCall states that this last luat men mentioned Is ii I In excess e ces of the previous prel I ous oua o us year car by b It shows also alson all to J n 0 traIn gain of ot over In total paid Iii for f or Insurance outstanding which In is Instated stated S at Ut one billion seven leren hundred and fb f orty millions In amount covered by b y I OOOO policies Tho The Income of 1003 1903 Is l i s over oer millions nod Is In excess b bt of or tim the Income of ot 1902 by more moro than han t eight millions The Tho Company reports r also that It does not Invest In lit Inor or o r loan lonn upon stocks tock of or any On kind and that hat t no credit Is 18 taken In III assets a for lor tim the Ih excess e of ot tho present market moret value alue of or securities over their coot cou coa value Aiu which excess e ID III l over net two million inhibit l The total otal t resources of or the Company exceed three hundred and fifty million dollars It Its I ts bond holdings Increased In lit 1903 over oer thirty hirty t millions Tho The policy polle reserves as Q certified by tho the State Insurance e Su Hu and Surplus I have hare been Increased during the year ear by moro more I thou than million dollars Tho Th various and trust company redie an on easy money mone market and the stock nfl and other oilier exchange memo meat members bers appear to be bo well vell satisfied that tralle ralo t stagnation and tho the doubtful views I nf or business Improvement will bo ho 10 cleared away In the early part of or ortho tho the Year The Ihie he largo large building and orni rail rahi railroad road operations hell held up UI by hy strikes anti antia I a II tight money mOlle m will It Is IA I be ho believed d bo ho resumed very er early nr In tho thc Now New Year ear Tho Time government export and Import figures would seem scent to Indi Indicate cate CIllo that tho the total exports will tall fall n a r tow few millions below those thoo of 1900 1000 amt bo be b equal to those of or 1901 Jut but materially In hi excess of If those thORO of or 1902 1903 the tile total Imports will exceed those thoo of or any nil preceding year yar car com COOt combined with the exports mIlko tho thit grand total of at commerce moro morn than in III it itally I any ally preceding year niso nHo that the ex cx exports x ports of or manufacturers will exceed those of or 1902 1003 by b several millions but bu t bo ho somewhat below those tho o of or tho the record 1 I year 1900 and perhaps 1901 |