Newspaper Page Text
Bxamfcar Trustee
Ghart-ored 1822
The Farmers' Loan and Trust Company
Noa, 16, 18, 20 & 22 William Street
?Branch Office, 475 Fifth Avenue
At Forty-first Street
New York
London P*ri?
Foreign Exchange
Administrator Guardian
Member Fed?ral Eeserre System and Now York Oloariag House
The American Brass Company
The Anaconda Copper Mining Company has entered into a
contract with thc undersigned Committee, dated December
22, 1921, whereby, among other things, it agrees to purchase
all or any portion of the capital stock of The American Bras-a
Company tbut not less than 51% o{ the total outstanding
stock), which shall he deposited under the contract during the
month of January. 1922, for $150 in cash and three shares ot
tbe full paid non-assessable capital stock of thc Anaconda
Company for each share oi thc stock of The American Brass
Company. The contract appoints the MECHANICS &
METALS NATIONAL BANK. No. 20 Nassau Street, New
York. N. Y., and thc COLONIAL TRUST COMPANY,
Waterbury, Connecticut. as the Dcpositaries. Holders of stock
of The American Biass Company who desire to sell and dis?
pose of ^ny or all of their stock under this. contract must
deposit thc same with e.ther one of these Depositaries during
the month of January, 1922, and NOT LATER than the close of
bu?inc?s January 31, 1922. Dcposited stock certificates must
be duly endorsed by the registercd holder and signatures must
be guaranteed or attested to tne satisfaction of the respective
Depos:tariff. Tiie Depositaries will issue transferable certifi?
cates of deposit which may be uansfcrred only upon the books
of the respectiv* Depositaries issuing the same.
The cash and the certificates representing the Anaconda stock
will bc dcliverable to the respective Depositaries on February
10, 1922. for the account of the holders of the certificates of
deposit No deduction will be made for revenue stamps or
for the expenses or obligations of this Committee, the Ana?
conda Copper Mining Company having agreed to pay the same.
Printed copics of thc above-rncntioned contract of December
22, 1921, will be available to depositing stockholders at the
respective Depositaries. The Depositaries will also have avail?
able lor delivery to depositing shareholders a copy of the
report rendered to the Chairman of this Committee by Pricc^
Watcr house & Co., accountants, regarding the accountf. of tlie
Anaconda Copper Mining Company, and a copy of the letter
of Professor James F. Kemp, mining engineer, addressed to
the Chairman of this Committee regarding the mines, mining
claims, mining plants, reduction works and refineries of the
Anaconda Copper Mining Company.
No deposits of stock will be received by either Depositarv
aitcr the close of busiucss January 31, 1922.
Jar.t4.ry 2, 1922.
CHARLES F. BROOKER, Chairman
ROYALL VICTOR,
HARRLS WHITTEMORE,
ADRIAN H. LARKIN,
CHARLES F. BL1SS,
Committee
? iv AN i rT.' MWEI.Tj Counsel
4 Wall Ptrot-1 N'ew York, N. V
Del ? ? A.N1 REVt 5 Be netary
4 Wall Street, Now 4:.v, .%. i
l'nited Fruit Co.
Earns 817 Share
On Common Stoek
5-otvinp: Compares With $29
in 1920: Cash on llanil
Declinr- in Year. Koport
Shows: liivontorv Less
Total income of the United Fruit
Cocpany for L921 was $20,580,000, as
tompartd with 544,615,000 in the pre
no'jg jtar. vt. .. c ... unted t
?6,OT?,000,-aa against $29,008,000 in j
->? previoujrear.
This wts tke equivalent oi $16.07 a
?M??tha $100,000,000 stock in 1921
idmi in 192
W? fcala:.,-e sheet showa $3,374,000
""""t" payable at the end of 1921 [
?ewnpared with $5,515,000 accounts
Wb.e at the beginning of the vear.
*?on hand amounted to $11,176,000
?ttiend of thi year. as against $*0
Tm ?- ,h<' !f- ?? ' of the year.
?nr a- i moli, sea on i.?..,, ... , .,
MU04.000 Decemb . 31 1921 ,
WOJ.000 December 31. 1920. '
J?J report says in pa ? I :
"The output of the comp
SHS*'"*" the crop season , l 1921 was
Uttjif75 T011"^ of riiw sugar nr.d
Jg*[o z-, lon? of molasses, compared
isi-2Jo'r"'1/J75 !10unds of raw sugar
*' ',635,:: * gallons of mola i i for
^previ,...-- season. With the excep
J,\0-a T 4:nn o? this sugar disposed
rjwough the company's merchandise
JWjnent in Cuba, the (--v.ro outpul
"MMpped to and refincd by t'ne com
>J} Revere sugar refinery at
J>Bto- : *:sf?., ar.d f.t thi: date
*,.8U? - '?' s been refim d and j ild
j*"** excepl of 5,687,500 pounds
?jM,n*ar "'" waa received after
jjj^nery was shut down for annual
2*?on. The actual output of the
F"*rj waa 3.4 per ci nt in excess of
k_ l caPac?ty During the vear
'^?closed the r ry produced 316,
g*W: pounds of refinod sugar and
5k o? ?a!!ons .. f Byrup, compared
J? 237,948.808 p, unda of relii ud
W ? 1-n--'i: ? :;? Hona of syrup for
?0T?^ ?e am' ! ? ' '" V'C"T ar''! ,:"'"
t7??flnipmen( ? been installed at
Wh? J'^ar ?"1Ia ?" C lba> ''vh;on- ;?
??vedZ,4in br-;' ' cane? im'
?StvL ? B?8tem and housing for
rSSo! a*:J ! ' ' '?'* result in
*ill r?i!" ? su&ar '? :; cost which
"4?r^Sare Cavoral ! with that of
?alt 0- ?ern Cub?n mills. As the re
Wee_f*0perat ? P ?>'eea a" !
*?lne if.-' '"' the 8a " time main-'
Keonditi?8n?ar pr PerUes in -he best'
Sf>m a^ Ean5 ??? kcpt its!
*? Sl. fc Z**-1 Produ?d during
_*?^ra_ ???btained afte* ^ mat
Iktad r" n Pw and "nned stock
1ft'.i, De"wh,:r 31. 1921 hotrether
n!" ,uipment n* ,-.,?. togeiner
S^^f^^ Urged
^g^h?1.ta^'"'rLe8is,ation
_.u?orr_i b_J .'?'?"' kJ u- Property
>* -t , l. r,K" wa? advocated to
^_ Co^n""3 blf0re the ! " "
Railroads Losiiig
812,000,000 a Year
By Frauds, Charge
Abolishment of Trunk Line
Freight Inspection Service
Costly, Senate Conimittee
ls Told by Union Chief
WASHINGTON, Jan. 27.?Railroads
of official classitication territory are
losing $12,000,000 a year because of
thi abolishment of the trunk line
freight in pection bureau, Harry J.
< hapman, of Long Island City, genera
chairman of the Trunk Line Associa?
tion of the Brotherhood of Railway
Clerka, declared to-day before the Sen
ate Interstate Commerce Committee.
Mr. Chapman asserted that prior to
March 3, 1921, a force of 900 inspectors
had been employed by the railroads in
the territory in classifying freight, but
when the inspection bureau was re
established November 1, 1921, it was
with oniy scventy-three employees.
The bureau is not now being main
taincd, the witne;:s declarcd, in many
ol' the important shipping centers.
In reply to questions from several
? tembi rs of thc committee, Chapman
and J. J, Forrester, legislative agent
for the Brotherhood of Railway Clerk?.,
stated that, while the railroads in thc
official cia^sifieation territory were los
ir.g large revenues because of the abol?
ishment of the old inspection service.
there was no evidence that the change
hud been brought about to restore re
bating. Both gave instancca of collu
sion between shippers, and railroad em?
ployees under v,-hich dishonest shippers
were granted lower rates than'thev
were entitled to. F.igid inspection had
i been helpful, Mr. Chapman asserted, in
; the cnforcement of the prohibition la->..
Chairman Cummins said that the
charges that the railroads of official
i classifieation territory were "throwing
away 510,000,000 or $12,000,000 & year,
without apparent reason,'' would be
brought by the committee to the atten?
tion of those responsible.
Various methods by which shippers
might obtain lower rates in the ab?
sence of proper inspection and classifl
cation were exnlained to the committee
by Mr. Chapman.
''Xc economic question entered into
thc disniissal of the inspectors,"' hc de?
clarcd. "It was purely a matter of co
ercion. We wero organized and had to
bc broken up."
Mr. Forrester said that, while he did
not think there was "collusion" between
the railroads and shippers to violate
laws against rebating, dishonest ship?
pers did give Christmas prcsents to
railroad employees.
Senator La Follette, Repoblican, of
Wiscorsin, a member of the committee,
suggested that if there was a disposi?
tion on the part. of the railroads to
favor shippers the suspension of a
thorough inspection system would con
tiibute to that end. Chairman Cum?
mins stated that the suspension would,
in his judgment, leave an opportunity
to all shippers, whether the railroads
desired to favor them or not, to bill
their 6hipments faisely.
Security Issue Approved
INDIANAPOLIS, Jan. 27.?The Pub
Hc Service Commission last night au
thorized the Indiana Electric Corpora
tion, a merger company, composed of
seven electrlc utilities of the state, to
i^sue $17,496,000 in securities to pur
chaLa projiertiea iacluded la tie visvgez.
Day V Dealings iu Bonds
Thc Market
Opening with a uubstantlal volume
of new Issues, tho week has witnessed
a taperlng ofT of offerlngs, and asido
trom the $30,000,000 Burlington bonds
Hnd one er two public utility Issuns,
tbe immediate prospect hnl'ds li 11 lo
promise of increased Rctivity in thi?
department. Foreign negotiations are
making liltle progress for lack of legis?
lative authority or other rensons. Tho
market was rather lesa active yester?
day, irregularity continuing tbe' domi
naiit note ln virtually nll divisions.
Hlsrh grade rail bond:' especlally suf?
fered losses. Victory notes were again
ln demand. but mest other goveminent
issuc3 dipped off.
Transaction*
I/lbwrty X %r, 1947....
do 5.1 4s. 1 94J.
do 1*1 4 Via, 1947...
Co 2d 4 i-, r, 194 ; . . .
do ?d 4%s, 194- . .
do 3d <V?s, 1928. .
do 4th 4 <ts. 19:18. . ,
Victory 4 % h 192.;. ..
do 3%a, 1?. :.
$3X7,oo?
?.' 7fl(i i>..()
i. r, ;i n o n o
i..; >:t 000
2,438,000
264,000
Tl?ld.
3.T3
4 2r
4.4.-,
4 r.-.
4.TR
4.67
Ujiotiitlons
'.?.
I.lhsrt
do !
do lat 4
do let-M 4V4
Hich
96.68
86.60
97.60
)0
do 2d 4 >?s. 96.84
do Sd 4ikB .
iin 4th 4 i, n .
Low,
'?' . 4
9<,.ou
9 7 oo
98.60
86.03
97 14
11
J.m:. Ch'K-v
98.24 - .34
-- .-, 4
- .41!
4...-1
97.yo
B9.00
98.02
9 ,'. 1 i
f'6.14
Victory <%a.100.30 100.20 l?o!:4
do 3'Vfl.100.2S 100.24 10o!24
Bid and Asked Quotations
? 4 7'
? 8 0
? .<M
?.04
L.tberty bonda. Yeaterday.
3%s, \i.i-'47. . . 96.14? 96.30
li I 4s, -4.V47. . 96.80 :t 97.10
::-i 4". lru? . .. 96.00 ... 96 i o
lat 4 V,a, .v '47 97 .?,,.,? g;.; q
2d <>< a, '27-'42. 96.00 ?) 96 60
3d 4>Hr, 1928. .. 97 10? 97.14
'' h 4 ^s. 1938 . r" ' 2 ,i 96.16
Vlo.41>i8,,22-'2a 100 '7 0 100.24 100 26$ 100 8(
do 3Ha,'22-'2a. 100.22? 100.24 100.26?100.31
Pro-war Issues
101% #101
Thursday.
96.56'$ 9ti.60
P;.20i(j) 97.M
96.00$ 96 ti(
97.40? 97 fi
06 86 'T 9 7 9C
P7.6??j PT BI
1 >.94ffl S0.9I
1 ?9'?
M01'
.?? ? - ?? ?.i >. i *n ./? i ii i ? 3 i "u -A irp i *} i -t
2s, coup, 1930-101%@101% 100% ?101 >i
J" r*t. 1926.104%4.J)104% 104%?104%
4a, coup, 192j
2a I'hh, c, 1!'
2b, rnn. r. 1936. . 100% ,"i
2s Pan !. 1938. 100V4 '??
Ss, Far., res. 80
3a, Pi n, coup. ... 80
Phll 45., 1934_ S0
1 Mnl 4a, 19-17,.... >A
Phil 4s, 1986.... S0
O or Col 2s, 1965. 95
104 ? ? 104% ld 4 %!gl0 4S
1 ' 4 Vi ffp 10 4 t
Foreign t.ovt. and Municipal Bonds
(Intcrest to bs added)
1!;.!. Askud
Argentina Intern Cs, 1945 .... 74 79
Belglan b-yr 6a. 95% 96
do V-8. 1945. in; % 1 (,-, i,
rio Sa. 1947.105% 10.i"i
Bergen 3s, 1945 .105'5 196
Herna Su, 1945.io* 1089J
Bordaaux 6-. 197.4. 92% 83
Brazi! 8a, 1111.iOS'-, 103*4
Canada 6a, 1820 . 97 Vi 971;
Canada &%s, 1929. gj{? f,,,^
do 5s, 197,1 . 9ViA 971^
Chile Ss, 194J.100% I'H),,
cio Ss, 1926.100% 100*1
.100'
rio rocta, 1946.
Chinese Gvt Ilu Kug Ry 5s, 1851 4 4'-j
Chrlstlana 8s, 1945...'.106% 1
Copenhagen 5%s, 1341.'...'. 88 %
Cuba Exti rn 6s, 1944. 80'4
>;?> Bs, ser A. 1914. gn
do 17xit3ni 4%s, 1949. 7ii%
Denniark Ss. 194a. 1 os
>i'. Sa A 1946.|06%
lo ? B, I94i;. 106
.;.-, 6a 10471. 94
1 >uti h East It.1i a 6s 134. ;. 1 %
France Yf. 1941. M *%
do Sa, 1945.100%
Italy C-y 6%a. 93
Japan 4-. Sterling loan, 1921.73%
do 4%s, Sterling loan, 1970.. v : 3j
do 4;.:?. 2d sorles, 1975 . f,ti%
.'.;, ona 1 5-yr 6s, 1 9.,i . S:! \
Marseillual 5-yr 63, 193c. S"%
I Mexico extor gold 4s, 1954.... *'.
Co storllng 6a, x'j-ij.
Norway Ss, 1940.109%
Queensland 7s, 194J . .106
; 1. " ?' ? Janeiro Vt. I 94'i. 99 %
San Domingo 6a, 1958. 88
? Sa 11 Paulu v- , 36.lol
1 Sw ? den 6a, 1939 . 96
Switzerland S?, 1940.J'.7'i4
! Ti kio 5s. 68'
Uruguay Ss. 1940.103
'Zurlch 8s, 1945 ...10S'4 10S
| United Klngdom 5%s, 1922_100% 100,.
do 5%s, 197'9.100'j lOO^i
ilu 5(is, 1937. 88% 98 ?j
IOO'
86 "J
77
103 %
J07
107
P4'J
94 M
94',
100 Vi
87 ??-.
86?4
106',
9 j Vi
88',4
101 Vi
p?v;
li"',
6S?;
103 14
(Sales)
Chinese T.
1951
6 ....
Cay or Berne
!s i:ij
6 . ...10S%
City of Bcr
geii is 194 5 ;
1 ....105%
a ... .106
City of llord'
6a 1934
82U
Railway, Other Corj>oration:
Alas Gold M |.\f.i Col Oil
li- 8<?r A 1925! fs 1931
- 93
S - 98 V
81 %! 2 _ &8
lllngr'Arn T ?? T
cvt Cs 1925
S^H
l
1 u
.110
_110-1
-110
.... 110 V
... 110
-110
.... 110 1
6s 1946
93*
. . ..' 93 \:
-??
.... 83%
94
?3%
944
9 4%
?'( .... 9 %
Al ?? ?? ?Mi
<H 1933
2 - 97
di 4s 1929
8 -107
1
4 -107
mi Ln ips7
) - ...1 02 <i
1 ... .11104 | 6 . . . ?
.nl is 10S7 ' llnvntia El l,t
4 . . . . 1 0 7 ?i
. .lnnTf, IO Bay & w
(l.'h H
1 .... 7%
e-tiniped
88 <
HT.il
... so
W P ? f
1938
81%
'??" 1927
K S iv i TT*--!' Val 414.
(,1'i
tn Wri WkiCiR.'* ^rfB
ft Klr>0 Co 6
1?46
1 - TS ?i
Aim Arbor 4a
3996
?i ... <1J
Arniour Co
? %? 1939
2 -8?%
1 - SS
1 - 88%
A T A 8 r
p-n 4p i99f.
20 - 88 4.
v - *SH,
10 -8s%
4 - 88%
1 .... ??s
c \ t 4 b 19,5
10 .... ;?
?'M 4a ?t(,J
10 ... 86%
?'?! fr Arla
rfg 4 4b 1662
1 . .. SS
Atl C 4 lst
con 4s 1962
10 _
10 .... 774
4 _ 77
Ch fnlon fltn
0%a ser C
ir<63
3 -113 \
1 '.1 -111
1 -113 14
?'.?? i?r A
19ti3
3 . ... J0V4
Chl ft W iim
7'i? 1035
6 -1004
3 -10JL44
4a 1963
10 .... 72>i
?1 a >4
72\
7 2?,
72%
10
l. ft .4' 4a
1U52
1 .... 78%
10 .... 78
Atl Frult Cd
7a t<?m o f
cvt s 7a 1984
1
1 I * .... 29%
l 8 .... 80
l 4 .... J9%
, 1 1 - 2914
, , Atl Ref deb
I 6%8 1831
? -3 04%
? i 2 _104*4
. Atla.8 row
1 7^3 1PS<5
1 _103%
Balt * Ohio
6s 1929
1 _98%
1 _96%
.1 _9 fi %
1 .... 9<i%
f! . ... 96V. cl
?7% ^iiii(- r.ipp^r
Ta 1221
1 -191
?a 1932
6 _8 7 'A
10 ..... 87%
10 ....87 4
4 _ 87%
21 .... 87?i
1 -87 4
5 -87%
C C (! A St 4
rfg 6s 1929
3!'99
4 _ 83
Ilu1 * M rfs
61 1957
6 4%
64V4
:.4 k
MK,
B4%
D < %
f.14
51%
6 4'n
1
1 _ 97
fi - 66 ',4
4%a 1931
l'i _ Pt
gnl 4a 1993
S - 7S
4n C W ft M
Otv 19S1
1 .... 77
4.? 4'nJro dlv
1039
1 -84%
''''-*. M Va!
III i"?nl 6%s
1936
1 ... 1n3Vi
6%a 1934
9**4
2 '.'.'.'. ?s %
4" 19P.3
r, ... 7i'4i
rfg 4.i 19'. 8
3 ... 84%
tll Steo] 4%B
1940
10 .... 89
Ind Steel 5.
1953
8 _ 97%
2 .... 974
In III A Iowa,
4n 1960
10
88
Int-Mrt 4 4"
t056
12 .... 14%
3 _ 14 4
1 - 14 84
Ctfs Of dep(>5i
1 3 I
13
12%
? 77'i
:3 1033
. 76%
. 15%
. 76
. 76*4
. '*
6s 1996 Cn 19"J
1 - 90%
C'olum G i K
6s l'J37
cvt 4',4a 1033 1 -8 3
1 - 89<4
Col ft Ko 4',S9
1'>2S
16 -84 "4
7 _ S4
6 _83%
l"t 4d 19:9
<%| ;< ? 91
Comp-Tab-n
:.754 i t-4 1911
i .'-'?id 4s 194S I 1 .... 9214
1 -78 V4 Conn R .?.-. L
1 -71 I lat * rf.
-? -77?4 4UjB stp 1946
1 .... 78 2 .... 704
< % Connol Gasj Ve
r'-il 1926
1 ....103M,
R
10
Int Tl T rt.
6a 19 08
9 _ 62U
1 _ c.1'4
6 .... b 3
r. - P2 4,
pi 8V.1 192
90
1 _ 90 j
V L. E3 & W
! Va 4s 1941
. i .... 74H
SW 3M)B 1925
1 ! ? .... 87%
? j 1 . . ... 87 I
1 ' P? II T of Pa. I
. ! Ir- 19 4.. |
< I .. . .10814
1 i 4 -lOSSl
, j B-th SU rf. !
I 6n 1943 I
b .... 9214
, I p w 6s 1988
, \ 10 .... ss^
I 2 .... %\
k ' Bwy & 71 h
, | AV 6^ 1J13 I
1 ! 1 ... . 5<i%;
t ! Bklyn Kd gen\
l : 7s 3or D 19 40;
, 3 ....107%
i r. -10714
, | pcn Va ser C
, mo
: 2 ....106%
t I ?ren 6s ??r B
1930
1 . . . .100%
Bklyn R T 7s
ctfs of depo*
etiiniped
1921
7 _ 67
liueh Ter coc
6a 1966
e, - 86%
1 _ h 5 '4
Cnr ("lin & O
61 1938
2 .... 84%
Cunads Sou
fs 1942
3 _ 94%
Can Nor 6<4a
1946
2 _1"9%
1 . . . .109%
3 j ;, -t rb
Can Pac uf'b
4s 194.', w 1
80% Cuba. C SiiKar
cvt deb $3
H06
?J .... 7.1 -?
7 -7 0
.... 64%
.... 62
.... 01 T4
_ ?2
_ e 2 4
_ Bit4
.... 62
.... f> I H
Anrtcult
6s 19S2
1 .... 72%
Int _? Ot Nor
ls cr.t at 7
p C 1919
14 _ "7
10 .... 98
Int Mt Jlar
Cs 1911
7',
l'i
3
I 11!
10
11
Int
c\t deb
1930
\l?\
ii%\
91%
91 %
t'ff,'
' lowa Cent
1 1931
3214
"nba RR IttsU."t_''w "o" n
4) s 19 5 9
', ?"?]''!,. 1 ?'??'? "0'4
-, -J:H7iK C fi s &
is !??
7S
78 W
2 .... 7HVi
6 _ 79
5 _78%
26 .... 78
2 _78%
13 _ 78
C?n of Ga Ry
Os 1929
2 _94%
C?nt Tyather
6s 1925
j1 ....96
6s 1953
4 -77 4*
2 .... 77%
8 - 77%
Del ft Ilud 7a
1930
2 _10S
rfg 4s 1943
4 . . . . 83
cv 6S 192 5
8 .... 91
Dfn & R G
rfg is 1955
1 - 4<
1 -46
10 .... 44
oon 4s 1938
?'. - 73
Des M A Ft
V 4s 193;.
3 .... 27%
3 -37
Detroit T2.I lst
* rtic Ca ser
V; 19 40
I _IOO14
rfg 5a 1940
? .... 92
Detroit U Rys
4%a 1232
7 - 84*g
6 .... 6 4 4
Detroit Rlv T
4%? 19*3
5 - 84
Du Pont do N
7%s 1233
4 ....103?i
21 _103 4
3 -1 03 %
3 ....3 03 4.
r<%
Kan < ';!>? So
6i 1960
6 - 84%
?? 1950
1 _?4
6 _ 64
Kan City Ter
43 3 9f>0
2 .... 80% ,
I .... 80%
K.-'lv-.-'r.-iriir
field Tire
..?Id 8s 1931
4 _103%
I ....103%
1 _103
2 _103 4
KeoW * D M
,'.h 19 23
1 _ J?
Kwb * Mtch
it 1990
7 .... 78
I.firk Steel 6a
3922
10 .... 99
5" 1950
1 .... 83 4
1 _ 83?i
L?Ke Pho.-e
4s 192B
6 -92%
4i 1931
5 _9 0'4
10 _ 90%
10 .
g'--n
1 .
Pac cl.I
1
sr.vi
Cen R V. Sr
Bnkff Co of
Ca os 19 57
1 - 88%
C 11 R of N J
os 1987
9 _105%
ChCB * O cvt
6s 1946
t _85%
2 4 _85%
11 _ 85
cvt 4%K 1930
5 _ "3%
25 _ 83
15 _ 82 4
BPU 4*-'.s 1992
1 _83%
Chic & AU
rfg 3s 19."0
1 _55 %
3
1919
C B <v Q sen
4s 1958
10 .... 834
16 _ 88
III 4s 1919
I! .... SS&4
5 _88 4
1 _ 88?,
III 3%s 3 949
1. _70 %
1 _ 80'.,
1 .... 80
Cli & 10 111 6:
l>any 1S51
1
7 1 '.-'.
71 '
1\V
f, _ 71%
2 . . . . ' -1 7
5 .... 71
C 4it "vVeet 4
1959
6 _ 60 4
1 - 6 0 '?
C Tn.', & Lo 6
1947
3 . . . 8 9!
C M ft St P 1 '
Cs ter B 201
1 _ 63
5 _ p2"
1 - 63
pnl 4%a 1989
10 .... 81 -4
rfg4%a 201
1 - 66%
g .... 65 4
1 - 55
cv 4%a l'.<3
10 _ 61V
1 .... 60%
5 .. .. 604
13 - 6O4
5 . . . . t0
pnl 4s ?er A
1989
1. 73%
deb 4a 1934
1 - 65H
10 _ 64%
1 .... 64
4s 1926
2 _ 70%
1 .... 70%
3 0 - 7 0 a
4s C M ft P
Kd 1949
i -63 Vi
S .... 63%
Ch! ft N W 7s
1930
2 ....leevi
??8 ItSf
, 2 ....1034
Duquesne I.
i ?? 1949
2 _102 Vi
6 _102
3 ....3 01^
C _102
l'i _102%
1 -3 014,
1 -102 4
3 T V ft t
con ?] 1966
6 .... 94%
6 - 94%
V.rie pri lien
4s 193S
3 .... 67
10 _66V
gnl lien 4s
1938
3 _4 3
1 - 41 fc,
3 _41
1 - 41%
1 -41%
3 -41
7 _ 404
7 _ 41
cv 4s ser A
1953
1 -36%
2 .... 36%
cv 4a ser B
1953
7 _ 35
cv 4b aor V
1953
2 .... 36%
Vtak Rubber
Ss 1941
- tV
1 .'.'..101%
2 -102 4
7 _302
i _102%
Kla East C
?14s 1&J9
2 _84
3 _83%
't W ft I.) C
Cs CtfB of
? POB 19 21
2 _100%
' ii BI?o deb
6b ID52
12 _J3
4 _ 97%
loudycar Tlre
*.- Rllll 8 f
83 1S31
98 4
ia 1997
10 . ..'. 73%
.? ?iiUb Val
6a 192S
' ....mi '.'
' ....101%
I ii ii 1
98%
98>fc
95%
n . . .1004
LeJi V N T
4'.3a 2003
1 _ 87%
L*x Ar ft P
F 6a 1993
1 -40
Llsrgett ft JI
6a 1944
6 _ 94
D _ 93%
6 _ 94
T.on. Ts!d deb
6s 1931
4 .... 87
53 1327
7 .... 77
I.orill.ird Co
7s 1944
1 _115%
6s 1961
3 . 94
L, ft Je'tf B 4s
1945
3 .... 79
1 - 7 9 4
T.ou ft Naah
5%s aer A
2003
102%
| ?-..10T?
1 ,>..10"
. .302
..'101%
..101 4
..101%
. .102
..301%
..3 01%
..101 %
. .103%
..1034
..101 %
6 _101 %
unified 4i
1940
1 _90 Vi
4 _90
l _ S34
At Knox * '1
riiv 4s 1955
Market St
Rwy lKt con
2a 1924
s _81%
2 _81%
i.82
1 .... 81%
M.^rland OU
8h 19ul
C _ 99
Mex P of Del
8 f CVl 83
1938
1 _100 %
1 ....3 00 4
s _100%
2 _100
1 _100
Mlrh C. 3%8
reglstered
1952
10 .... 74%
Vlch Staty T
6b 1924
5 _ 97
3 .... 96%
1 _96%
Midvalc Sttel
68 1936
6 .... 85
M ft St D rfg
Kb 1962
1 .... 31
4b 1942
2 -83%
1 -33
1 - 33%
4 -33
M S P ft S 3
M C%s 1931
29 _101%
6s 1358
5 _ 93
6 _ 98 Vi
M K ft T s f
4%s ctfa of
depoait 193?
10 -63%
lat 4a 1990
1 .... 74%
44 .... V4%
t> .... V4HI
" - T4%
2tl <s 19911 1
1 . BOH
otfa or dep
9 ; ni^
i ? " adj 5a
? <4 VB'
. 41 ?.,
. 441.
. 4 1%
. 4 4 'n
? 4 4??
. 44%
. 4 1".
? ?l'i
? 44 R.
?'(??.
. 44%
t">i \
. 77 <4
! 77%
. 77 U
Gt Nor Joint
6''jB msb
3 ....108%
'. ....106%
10'
4 . . . . 1 n f, %
1 . ..108%
North iihlo
Bs 1933
1 - 80 %
.11 P It- No V
I7*i 1917.
1 ... 100';
Fo r RIco Bug
ii f N J 7 s
I 'i 4..
Nwn BMI Trl
7s 1941
l ,..,108
|>IK I
| 1'' 11
<!?% |So Ity ?r?n
6%a 19 11
94%
!
Or lt.- A
4ii 1910
i - 86 74,
' 're Sh T, gi.j
Ba t. inj. cvl
1945
n v | j j
1
1 i
94% j
98
97', I
Oi 'j
'?': ??!
5?$
rs i
S6%
'? .... 01% :i
rfg 4*1 *:nn4 ! j
?' .. . . Tl |or-W R R ft
,f? ???? 7-1%; N 4a 1361
Mo Ta^-illi; Bb] 4 _ 79
? .... 78V,
10 _ 71
98% I
1923
?1 ..,
Ba 196
fn! 4s I97B
! 4s Moti ,
div 1951
Pl
ic O * i;
n 19 12
S - 88 Vi
60% Ps.O T ft T
60*4 l"* i'-)"-'!
60% I .... 9;;%
60%, < .... 9P-, !
tiO .*.. Pan-Ai
4 .... 69',
1 .... 68%
Rlsml OII Cal
7n 1931
1 _107
2 -106%
im P ft 9tne
Tran 7:< 1930
?o?;; 1 - S7
60%ip|tcl<arr1 Mot
1 . . . . fi 01", ,
Mohawk & ii 1931
4? 1951
1 ... 851
Montana pw
vs 1543
Car Ss i
. 1 06 -\
106*i
Tubr
IVnn 7.1 19'io
7s 1251
20 _ 98%
t - 98%
11> _ 9S '.,
rl .... 9 V '??
. 99% Tex ft Pao 1st
%| 5s 2000
90
95
Monl Tram 5a|
1941
6 .... 83%)
2 .... S 3 % !
Morris .* Co !
4%B 7959
5 - 78%!
?0 - 78 !
Nal Rwaya Mi
?%a J957 j
5 .... 2 4
N O T ft Mex
6s 1955
1 - 63%
N T i-*>ut col
7a 1230
1938
ii V? ?
105% Third Av adj
6 -106%| j,,
3 ....ion
1 -19?%i
. 105%
,. 53
. B . '
.. B3'i | :
1
deb 6a 1
106%] 4f> 195
2 - 77%
P C C ft Si L
4',4s eer A
1910
rfg 4h I9RO
2 -60%
2 .... 60'i
Tl ii-nmiT OII
6%a Int ctfs
1931
23 _102
1 ?_101 %
! 1 -101 ?;
5 -101%
Toi ft O C gnl
5s 197;,
1 - ni
; lat Bb 193 5
S 2'-,
Underg Elr
of Eondon
4'-'.s gcr B ! lno 6" 'r'-*?
4s 19v4
1 _
con 4'i 1998
20 _ 79"
1543
. , 1 - 91
99 Port Ity Bs
9814] 1930
2 - S (
Port T?y Lt &
Povrcr 7%s
1915
.1 -133%
1 ....103%
1 _1 03 '4
98 V4
2 9
rfg , V, s 19 9 7
3 .... 7 7
3 -103 y,
Pub P of N j
Ba 1350
4 l
N T C ft St L
d->b 4a 1931 I"'
2 .... 81% H
N T Edl lat i
?'%? sor A I
J946
12 . , .196%
9 -106%
3 -106H
V ....106%
? -106 I
'. ... .106 ??.
? ....106%|
: -1 o? '.J
t ?lOfiVi
8 ...106
5 -106 >',
N ? G E T, H
ft 1* 5s 1948
1337
.... 83%
- 83
Read r-N j
4 s 1951
1 ....85
Rep i ft an
5s 19 40
3 .... 9.;%
R 1 Ark ft E
i ' j a 19 3 4
..?? i
N Y N TI ft u
<- 194!
1 - ?"-?
1< -62
2 .. .. fi; %
2 - 6 3 ',4
t . .. 62
d<"b 4:j 1957
3 .... 3 5
C - ;: 9 V,
deb 4a 1956
I .... 77
St E 1 M & S
4s 1919
7 - 60
4%s 194S
4 _ 73
Cn Pk.c Ist -in
1947
2 .... 91 "-,
?I .... 91
5 - 911
2 -91%
3 .... 91%
fa .... 01%
CV 4.*i 1 977
1 ... 91%
r'qr 4m 2008
1 t - S6
|En Tank V ;ir
T.-i 1930
t ....102%
! 3 .102%
|Un Ry Inv 5s
Pitts Issue
1928
10 --. 75V
I'r.td Drug 8a
temp 194 1
J _19
1 -105Mi
3 ?-106
1 -l"j
l' ;; Realty &
I I Ba 1924
i 1 .... 93%
93
1955
4 <
cv deb 3%a
1956
1 - 40
N T P.ys tidj
Bi 1942
20 - 6';
rfg 4a ctfs ol
deposlt 1942
20 _ 27
13 _ 27%
10 -27 Vi.
Nor Btaten Pi
Bs eer A 194'
3 - S 9 Vt
5 .... 89%
6 -8 9
N T State Ryi
con 4%3 19*;
I .... ;l'ii
N V Teleph Bi
1941
4a Rlv ft G
div 1353
1 -76%
-' I- Rk M &
P 5s 19
U 9 Rubbi
7%a 1930
1 -105
6a 1947
2 - 88
12 - 83
o ....87'
3 - 87'
10
80
8
<
1
1
!
! i
..'7
. 1021
. 1021
.102
. ?l'77 L s.. n 1;
.;, 4" 19
71%
.10::
_io::
-102
-102"
....102-*
-102'
-102'
....102i
....102-"
-107".
-107
19i9
1 _102
1 -102
* _107'
;: ?102
1 -102
4 4s 1939
l .... 90
J _ 90
N T W ft 1
4'-ia 1946
5a 19 52
2 .... 72%
3 .... 7 2
U P ft Kan C
-?hort E 4%s
1941
1 _ 77
10 _7 6V4
1 _ 76
3 _ 76%
mi A & A P
4f 1943
2 . . .. 71 %
al) A E conl
6s I94i>
3 _ ?44'%
2 ....44',
i!j 6s 1949
?? . , . 15&',
3 ".'..'. 1 5 7i,
n .... 15 %
'fg la 1959
S _ 34%
4s 1950
Kfagara 1'
6a 1936
Norf Ho ok
A 1061
14 .h
Norf ft \V !?'
6a 1623
2 _104%
div 4a 1944
81
Nor Pa'elfh
4a 2047
Ea 2047
firon Pt H
it ?a aer A
'11
_ 96
.95Vs
iclair ("'"ii
i I e\ '.. 7 ' t b
f_100
.... 99%
_100
? _iooh
! _H'O
J - 86
West Un <i%a
1938
5 _107
Westgh Elco
7a 1951
5 -106%
1 _106
3 _105%
1 ....106
5 _105%
1.106
\\ h & E E
4%a 1961
1 _ 64%
Wi ck S pp n
Sto-1 1st 7s
llifiVlil 1935
100 - I _ 9S%
lOOVs^ 3 - 99 Vi
99% "Wilson Co
99%| "Ha temp
1915
? _ 99?i i
, .... 99%
Vac rfg 4s|
'5? i
_ 84% I
i _ 8 5 j
L 4s 3 929 i
3 -95%
4 - 95%
l=t 6s 1941
il 4 s 1
I ....
v Ten
Wia C-S ft
Pul 4s 1976
80%) 1 _ 79
To figur*- the pr*elH? yield on a bond lt
Ib noc*aaary to uae yield tabli-a. but tha
approxlmat*' yiold caa roughly be fl*rur*)d
out by tho following formula: Divide the
cloolng quotation on a bond Into the ra'te
of the annual return. If the bond ls aclllng
below par you must allow also for the
appreclatlon of the principal. To do thla |
eubtract the rnarUet quotation from par. |
or 100, and divide the rcmalnder by the
nurnbor of y?ar? the bond hns to run be?
fore maturity. For example. If a 6 per
c?nt bond la aelllng at 90 and has ten
v?ars to nn. lhe annual return will brf
6 96 per cent. The dlfferunco between par
and the market price will be 10 points.
?ubtractlng 90 from 100. Ulvidlng ten
P'.lnta by ton yeara. the quotlent will be 1.
This figure la to be added to 6.66. which
ia the annual return. and the reault, 7.66
per cent, will give you the approximate
ylald._
American Brass Has Deficit
For the year ended December 31, the
American Brasa Company reported a
net lous, after taxes, of $1,581,865. com?
pared with net profits of $3,354,564,
equivalent to $22.36 a fihare earned on
the $15,000,000 capital stock ln the pre
cedin& year. Profit **d Ibsb aurplua
-ffas $20,974*922. ;
Columbia Graphophone
Manufacturing Company
Five Year 8% Gold Notes
Committee- rcprcscnting sub
stantially all of the bank creditors
and merchandise creditors (who
hold about 75'o of the Company's
total indebtedness) have been en?
gaged in formulating a plan where
by the Company's indebtedness will
be voluntarily readiusted without
interference with thc continuation
and development of its business. It
is highly desirable that the notc
holders cooperate with these other
creditors in the formulation and
carrying out of such a plan in order
that if possible the expense and
loss of business incident to a reor?
ganization through court proceed
ings be avoided.
In order that thc noteholders
may take concerted action to this
end, the undersigned Committee
has been formed to represent them.
Noteholders are invited to deposit
their notes on or before February
15, 1922, with Guaranty Trust
Company of New York, No. 140
Broadway, New York City, as De
positary, under a deposit agree?
ment which is now in course of
preparation. Copies of this agree?
ment, under which the Committee
will act, will be available for dis?
tribution at the ofhee of the De
positary in the near future.
The members of the Committee
have agreed to serve without com?
pensation. The deposit agreement
will provide that thc maximum ex?
pense which may be charged
against any depositor will not ex
ceed one per cent. of the principal
amount of his notes.
The deposited notes in transfer
able form must be accompanied by
tlie coupon payable February 1,
1922. and bv all subsequent cou
pons, as well as by ownership cer
tificates in accordance with the
P'cderal Income Tax Law. Against
such deposits the Depositary will
issue its transfcrable certificates o?
deposit.
The Committee has made ar
ran-y^ments whereby the Februrry
1, 1922, coupon on notes deposited
on or before February 15, 1Q22, will
bc acquired by the Committee rep
rcsenting bank creditors and held
for such dirposition under the plan
or otherwise as shall bc equitable.
This arfsmsement as<?.ures to note?
holders who deposit their notes on
or before February 15, 1922, th?
imrnediate receipt of the $40 repre?
sented by thc February 1 coupon.
From informal discussions al?
ready had with the Committee rep
resenting bank creditors and mer?
chandise creditors it seems highly
probable that a plan fair to all the
creditors and very much to their in?
terest can be carried out promptly
if the notes are deposited at once.
Noteholders are therefore urged to
deposit their notes immediately.
Dated, New York City, January 28, 1922.
CHARLES H. PLATNER, Secretary,
140 Broadway, New York City.
Root, Clark, Buckner & Howland.
Counsel,
31 Nas?au Street, New York Liiy.
HAROLD STANLEY,
President, Guaranty Company
of New York.
G. HERMANN KINNICUTT,
of Kissel, Kinnicutt & Co.
BAYARD DOM1NICK,
of Doniinick & Dorninlck
ARTHUR W. BUTLER,
of Butler, Herrick & Marshall
Committee.
Hines Blames Higli
Terminal Expeuses'j
For Freiglit Rates \
Former Director General iu j
Bond Club Talk Says Two-!
thirds ol* Costs Go i'or
This Service; BacksI.C.C.
Indorsement of thc rate making pro?
visions of tha transportation act and
of the division of rate and wage regu?
lation between the Interatate Commerce j
Commission and the Railway Labor!
Board was given yesterday by Walker
D. Hines, former Director General of
Railroads, in an address before the
Bond Club of New York. Mr. Hines,
who waa tho guest at a uncheon at
the Bankers Club, predicted that agita
tion for lower rates would continue, on
the ground that present high levels,
though a less important factor in cur- j
rent depression than some other con<U
tions as tiie defective character ot na- ;
tional distributivo facilities, iurnished
a more obvious cause ol complaint.
Mr Hines made a plea for considera- j
tion of railroad earning statistics Irom i
a new standpoint. Before the war. he
said, the carriers were stnving chiefly
to increase the train load so as to di
mlnish the cost a ton mile. The in?
crease in labor costs, in his .opinion,
has destroyed the value ot this ca cu
lation as an index of the railroad situ?
ation Labor, he pointed out, plays a
greater part in the terminal and maln
tenance cost than it does m road haul
L "Of the total operating expenses of
a railroad," said Mr. Hines, "probably
30 per cent are directly rclated to the
road haul of traffic and G5 per cent are
connccted directly with the ma.nten
ance and terminal cost. lurther de
velopment of these two braiiches of
statistics will be very important, not:
only for the investor, but it will have
refiex bearing upon the railroad man
agemems themselves."
The speaker paid tribute. to tne per
sonnel of the Interstate Commerce
Commission, which he declared to be
better equipped from the standpOifct of
information and experienee to deal
with the problems confronting it than
probablv any other government board.
In handling rate problems, he said, the
commission already had almost more
than it could do, and it would bc un
wise to saddle it with wage regulation.
Mr Hines expressed the view that the
Principle of wage adjustment cm
bodied in the much-criticized Labor
Board was the best yet suggested, giv?
ing representation to the rauroads, la?
bor and the public, and that this prin?
ciple would be impossible of applica?
tion if the function were lodged with
the commission.
Mr Hines urged sleadiness and pa
t'enee in dealing with present condi?
tions voicing confidence that the storm
would pass. Hc likened thc general
-;tuation of business to a boom town
in Kentuckv. of which when life waa
\ irtually ex"tinct, the editor of its only
newspaper wrote that it was "shivering
in the shadow of impending prosper
W ?-?
Day's New Issues
Two syndicates submitted conditional
bids for the $13,500000 Los Angeles
.?lectric plant 5 per cent serial bonds,
due 1926-'61, the tenders on which were
opened Wednesday. The high bid of
103.337 was conditioned upon unquali
fied approval of the legality of the
issue by John C. Thompson, attorney,
of this city, and insortion of clauses
providing against litigation and assur
ing delivery of the bonds within thirty
days. This bid was made by the Har
ris Trust and Savings Bank of Chi?
cago, E. H. Rollins & Sons, the First
Securities Company and the Citizens'
National Bank, of Los Angeles; Wil?
liam R. States & Co? of Pasadena, and
the Security Trust and Savings Bank
of Los Angeles. The second bid of
101.93, conditioned only on Mr. Thomp
aoa's approval, was submittad by th.
Guaranty Company of New York, R. IT.
Molton & Co., Blythe. Witter & Co.,
Bond & Goodwin, Cyrus Picrce & Co,
and Ilunter, Dulin & Co? of San Fran?
cisco.
Jackson & Curti?, of Boston and ;
New York, and the Bankers Trust Com- |
pany announce that they havo sold a |
new issu': of SoOO.OOO Electrical Securi- l
tics Corporation collateral trust sink?
ing fund 5 per cent bonda, due in 1952,
at 91 and interest.
Allen, Weed <? Co. are offering at
09Vi and interest a new issue of $50'),- !
000 Meicer Motors Company first!
mortgage twenty-year 8 per cent eink- j
ing fund bonds. The bonds are non- j
callable until June 1, 1926, on which
and subsequent interest dates they are ;
callable only as a whole at 105 and
interest. The issue is a tirst mortgage l
on all fixed assets of the company, an
praised after depreciation ut $1,291,359. i
-.-_?4,?.??~--....
Obregon Startles
? i
Foreign Landlords I
With Bond Decree
Authorizes 50,000,000 Peso
Loan, Which Owners May
Kefuse to Accept; Called
Worthless Paper by Some
Spcoial Cabla to The Trlbuna
Copyrlght, 1922. Xew York Trlbuna Inc.
MEXICO CITY, Jan. 27^-A decree j
issued by President Obregon to-day
establishing a 50,000,000 peso agrarian j
bond issue to meet disappropriations
of farming lands caused consternaiton ;
among Mexican foreign landlords and j
bankers.
The bonds are to be issued in iive
series, bearing interest at 5 per cent
and payable annually for twenty years.
They will be issued at par to the
amount of the value of the. property
plus 10 per cent. Thc possibility that
landlords will refuse to accept them
has been foresoen by President Obre?
gon, who recently said that if the
bonds were refuscd the government
would consider itself that much ahead.
Bankers are watching the effeet the
bond iseuo will have on outstanding
national indebtednees and exchange
rates. Observers said frfcnkly they be?
lieved the issuance of thc bonds would
precipitate a crisis for the Obregon
government, with possibly internationil
complications should foreign govern
nients advise nationals here to refuse
to accept the bonds.
Since the agrarian debt is to b?
guaranteed by lands taken by the goy
ernment alao, that would have no elVect
on the credit, since the owners from
whom the lands have already been
taken hitherto have received nothing.
Critics of the government, however,
call the bonds worthless paper, direct
ing attention to the fact that the de?
cree was issued by tho President under
dictatorial powers in the financial
branch and not by authorization of
Congress.
The decree does not indicate whether
the bonds are to be ncjrotiable, but re
quirea registration of persons to whom
issued, indicating the contrary.
>
New lork Metal Market
On the New York Metal Exchange
tin was quiet, with Straits quoted at
80.50@81.78c; Straits shipments, 30.50?
:;ic; Btandard, 30.50c, and 99 per cent
at 30.26(a.'30.75c asked. Copper weak;
standard spot, January and February,
^.BO-oJlSc, and electrolytic spot, 13@
13.50c, and January, 13.25@13.50c. Lcs.d
dull; New York spo:., 4.70ig.4.80c, and
East St. Louis spot, 4.85(ri'4.42%c. Zinc
weak; New York spot, 4.95c, and East
St. Louis spot, 4.62Vic asked.
?-?- ??
London Metal Market
LONDON, Jan. 27.?Standard copper,
j spot, ?64 12s 6d; futures, ?65 10s. Elec
i trolytic, spot, ?71; futi res, ?7. Tin,
spot, ?157 2s 6d; futures, ?158 17s 6d.
I Lead, spot, ?23 2s 6d fut&es, ?23.
Zinc, spot, ?25 12s 6d; f-atuw?,<?26 2s 6d
Harding to Probe
Charge of Usurious
Rates in Southwest
President Incensed by Re*
ports of Levies of 14 P. C.
on Farmers; Governmen!;
May Withdraw Support
From The Tribuv.e'a Waxkincjton Bureem
WASHINGTON, Jan. 27.?Usuriom
rates of interest are being charged e?t
tle raisers by banks in tiie Southwest,
^ecretary cf the Interior Pall told
President Harding and his Cabinet toi
day.
Secretary Fall said the banks wer?
changing 5 per cent for six months,
with a 2 per cent commission each
time, totalir.g 14 per cent a year. Th*
President on learning of* the situation
vas indignant, and called in Eugen?
F. Meyer, chairman of the War Finanos
Corporation. Mr. Meyer explained that
all government loans are made at a
rate at least as high as o^i per cenl,
and a few at 6 per cent.
There exists an agreement with tho
bnnks that there should be not rnor*
than 2 per cent charjjed in addition,
which would fix a maximum rate of
7Vj, or at the most 8 per cent. Tho
2 per cent is supposed to cover ali ex?
penses, such as inspecting collateral
and cattle, Mr. Meyer explained. Ho
said, further, that of the $50,000,000
allotted recently for the relief of cat?
tle raisers $2U,000,000 had been loaned
thus far.
Although rates as high as 14 per
cent were reported by Secretary Fall,
he learned of several cases where 10
per cent was charged. The President
expressed the opinion that he did not
believe that nnywhere in the United
States was Federal money charging
\ more than 6 per cent. He said he felfc
that if such usurious rates were being
charged it was an imposition wholly on
I the part of the bankers in the com-?
| munities.
So incensed was the President on
| learning of the situation that he told
j his Cabinet the press of the country
' ought to puncture by exposure any
I such scheme which might be flourlah*
i i!1g
It is probable that in the event o?
any bank's guilt being established plea*
for loans in the future will be ignored.
j-'
j Dier Bankruptcy Hearing
' Member of Firm Says H? Tried.
to Withdraw
Lawrence Starr, of 119 States Ayo
: nue, Atlantic City, was examined yot*
terday before Alex Gilchrist Jr., Spe*
' cial Bankruptcy Commissioner in con*
nection with the bankruptcy proceed?
ings against E. D. Dier & Co., stocl;
: brokers, of 42 Wall Street Mr. Starr
was a member of the defunct firm.
Mr. Starr was examined by Arthnr
j G. Hayes, attorney for Manfred Ebrich,
: receiver for the bankrupt coneern. Tbo
' firm was throwu into bankruptcy en
i January 16 by creditors.
ln his testimony Mr. Starr said ho
\ had joined the firm about one year ?go.
1 He said he found it impossible to gain
any definite knowledge of the firra'a
1 assets from Dier, the head of tho firm,
Starr said he had endeavored tu
i withdraw from the firm peaceably, tha*
! he had decided to take this course ln
October, but had not succeeded ln
severing his connection therewith,
_-.- :
i Financial Items
The Ouaranty Trust Company of Wr#
i Tork announccB that deflnltlva 6 par eent
equlprnont gold notes of the Chicago, Brnr.
| lington & Qulncy Railroad Company and,
| the Naahvllle. I'hattauooga ts 8t. Leula
j Railway Company are now available t*r
| (U ilvery at Ita trust deprtment ln exehna*
for tho outstandlng temporary notea whicii
bear its authentication.
i
J. T. Monahan. waa yesterday aleotod ?>
vloe-president of the M?A)opoUtoa YfWt
Company of Kew Tork. %?
