Deals

Seats. Predictions of a "quiet" market for 1930 may mean a safer market but will also mean lower commission earnings by members of exchanges. Foreshadow of this decline in earnings was the sale last week of a New York Stock Exchange seat for $350,000, $144,000 under the price paid for the last seat sold. A New York Curb Exchange seat sold last week was $100,000 under the previous price, bringing to its seller but $150,000. On the basis of these new prices the 1,375 Stock Exchange seats have a valuation of $481,250,000, while the 550 Curb seats have a total of $82,500,000.

Cleveland Bank. Seventy-eight directors of Central United National Bank of Cleveland met for the first time last week, thereby formally completing the merger of Central National Bank and United Banking & Trust Co. Resources of the institution come to over $160,000,000, making it the largest national bank in Ohio.

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