Securities and Money
Prices Rise Sharply
On Court Decision
And Labor Outlook
Market operators, faced with a sus?
pension of business for three days,
took an optimistic view of the pros?
pects for security values yesterday and
bid up the prices of railroad and in?
dustrial stocks with zest. The feeling
in Wall Street was that th? labor situ?
ation was getting out of the alarm?
ing stage, and fears of industrial un
settlement no longer checked the im?
pulse t>f traders to attain higher price
levels.
The change in the speculative at?
mosph?re was not attributable solely
to psychological conditions, for there
were definite items in the news of the
day which had a real relation to the
movement of quotations. Reports from
various centres indicated that proba?
bility of a general railroad ticup in
the near future was diminishing.
Those who trade in stocks were gen?
erally encouraged by the notification
of Director General Hines to railway
strikers in California that further ef?
forts to interfere with railroad service
would being prompt punishment. This
v.as especially cheerful to market oper?
ators, inasmuch as the leaders of the
shopmen had on Thursday voted to
recommend the acceptance of President
Wilson's compromise proposals.
Furthermore, those who were wor?
ried over the strike threats found rea
?oii for optimism in the repeated in?
timations that the Steel Corporation
officials were confident that organized
labor was not strong enough in the in?
dustry to cause a cessation of activity.
Steel common, which sold ex-dividend
yesterday, nevertheless gained 2M
points.
Wall Street received a pleasant sur?
prise in dispatches from Los Angeles
reporting that the Federal District
Court at Los Angeles had rendered a
decision in favor of the Southern Pacific
Railway in the oil land suits, which'
have been in the courts since 1914.
Although selling ex-dividend, Southern
Pacific sold up T's points, and the
other oil securities similarly enhanced
in value. At the peak oil stocks were;
from :; to 12 points higher.
Although not as active as the indus-'
trial stocks, rails also showed improve- :
merit. Led by Crucible, in which the
short ?ntcre '.. is being badly harassed,
the steel stocks were consistent gain?
ers. The most spectacular movement
of the day was that of Cuban-Ameri?
can Sugar, which rose 2'?~/a points on
the expectations of large profits as a
result of the sugar scarcity.
Transactions yesterday were slightly
less than 900,000 shares, and 239 dif?
ferent kinds of stocks were traded in.
The bond market again was inactive.
Kails were irregular, except for the
transcontinental, and Liberty bonds
again receded slightly. Foreign bonds
were firm.
Monev ami Credit
Call loi us for Stock Exchange pur
posi made for the most part at
6 per ci nl yesterday, although the rate
dcclnii : : .?'.? per cent toward the
close of the market. Money rates have
been stable all week, de
;! in reserves of $820,000
??ti the part of New York Clearing
members at the Federal Reserve
Bank, which was made known a week
ago.
The ruling rates for money yester?
day, compared with a year ago, were
as follows:
Yesterday. Year ago.
Call money: Percent. Percent.
On mixed collateral 6 6
On indus, collateral 6 6V2
Time money (mixed collateral):
Sixty days . 6 6
N inety days . 6 6
Four months . 6 6
Five to six months. 6 6
Silver. London, 68d; New York,
$1.08Va! Mexican dollars, 84%@88%C.
Sub-Treasury. U. S. Sub-Treasury
credit balance at New York Clearing
House, $770,081; federal Reserve Rank
ANDREW .1 MoCORMACK, Auctioneer.
REO I : \i: AUCTU iN' SAI. E
STOI Us AM? RON 1)8
By \i>in\\ II. mi l.i.Kit & SON,
OFl'll'B, ",5 WILLIAM ST.,
\vi;i>m:>i> w , skit. 3i>. uno,
itt I : : 'I o'clock, :it tho
EX? II \NC5U SAI.KSK* HIM,
NOS l! AM' 10 VESEY STREBT.
By Order ??'? Justin !.. Miner, aa Receiver
of Morgan Trueit & Co., Bankrupts:
80.1 -. ? ' ii 'ii ' ".1 v.o.
loo sha. ! nil ei hill Realty Co.
ride Mining Co
?M?sli? Atina Y .un Co. common.
. ?- \ ?- -i El? cl : i'- Sin vey Co.
?0 10U lard Milling Co. common.
_ ilia, i nlti'd Slates Expresa Co. c'tf.
? Deposit.
110 shs MiM'i-lmao Valley Power &
Bull Illl . Co
lOsi.-i l'ai itli Telephone A Telegraph
i'?? common.
100 shs. Duluih South Shore & Atlantic
Ry. common
1 sil. Baltimore * Ohio 1! R. prefd.
1 sli Baltimore & ? ihlo R. R. com
? i :
! ' ' ml of Whom n May Concern:
?68,01 ' ... aith Power Co. Is!
Ml?? 6*.; Hold Bonds Seno? "A."
' i Mai h, i.(i
600 s)in. Washington - Idaho Water,
l.tghl ,\ I'owi i i 'o 6 e Cum f'refd
$21,000 Old li'orge Paper Co. 1st Mtgo. 6fo
Bonds, due July, I'.'jl.
rHiYWMM l0? Y''?,^, of Commrrtlal Ranklm
^?nV CHATHAM ; PHENIX
(Q) NATIONAL BANK
.vT*/ Capital .V Surplus $13,000,000
i\-\?K)\'d' Resourced.$150,000,000
b-\\t\ 149 Broadway, Singer Bldg.
...... ....... And 1* Brunches
LIBERTY BONDS
am denomlniitions bought for cash
Based un 111 * ? closing we pay to-day
$10.8:1 for a *?"><>?3VjV? Bond, ."><> Coupons
54?. IK for h $.10?2d ???*? Bond, 1 Coupon
$47.01 (or A $30?Sd4V4'i/?. Bond, 2 Coupons
$46.88 for u $30?lihl1,". Bond, 3 Coupons
$40.02 for u $50?5th 49?% Victory l.oau
PURDY & CO.,
!??!. ?>"'>'' S174-5-6-1 :<4 Tine St.. N. Y.
r
Telegrapher
F.xpanding wire house will offer
attractive inducements to telegraph
operator experienced in every
phase of business.
Give ful! details of past connections.
Replies held in strict confidence.
Box A. 280. Tribune Office.
credit balance at New York1 Clearing
House, $48,529,477.
Bank Clearings. ? Bank clearings
yesterday were:
Exchanges. Balances.
New York ...f660.889.359 $68,663,452 ;
Baltimore _ 14,057,782 6.555,865
Chicago . 97.345,628 11.279,196
Detroit . 13,037.232 3,456,318
Philadelphia... 67,790.312 12.855.230'
Pittsburgh ... 19,082,084 7,587,948:
LONDON, Aug. 29.?Money 3% per ]
cent. Discount rates: short bills, 3 ,
7-\Q(c?%\<? per cent; three month bills,
3 9-16@3% per cent. Gold premiums j
at Lisbon 130.00.
Bank of France?PARIS,, Aug. 20.?
The weekly statement of the Bank of ?
France shows the following changes,
in francs, compared with the statement
of the week before:
Gold. 5.573,558,000 Inc. 1,358,587
Circulat'n.35.090.380.175 Inc.26,280,175
Gen. dep.. 2,976,530,578 Inc. 7,230,578
Bills dis?
counted. 2,866,833,343 Dec.23,966.657
The amount of silver in hand de- j
creased 989,245 francs, and advances
decreased 2,068,760 francs. Treasury
deposits increased 24,612,377 francs.
The Dollar in Foreign Exchange
Rates on London, Paris and Rome
were weaker yesterday, and observers
in several instances reiterated that the
recovery of the previous few days had
been but a flurry in the mar' et. The
fundamental condition of one-sided
trade still prevails and remains the
main cause of the depreciation of the
pound, the franc and the lira.
Rates yesterday, compared with
those a week ago, follow:
(Quoted dollars to the pound.)
Yesterday, ago.
Sterling, demand _ $4.20 * $4.1S'.2
Sterling, cables . 4.20% 4.1914
Sterling, sixty days.. 4.1634 4.15'/a
Sterling, ninety days. 4.153s 4.141/4
(Quoted units to the dollar.)
Francs, checks . 8.08 8.12
Francs, cables . 8.06 8.10
Belgium, francs, checks 8.42 8.44
Belgium, francs, cables 8.40 8.42
Lire, checks . 9.67 9.55
Lire, cables . 9.65 9.53
Swiss francs, checks.. 5.67 5.68
Swiss francs, cables.. 5.65 5.66
(Quoted cents to the unit.)
Guilders, cheeks . 37' a 3634
Guilders, cables . 37' t 3678
Marks, cables . 4.85 41S
Austria crowns, cables 2.05 2.15
Sweden, checks . 24.20 24.15
Sweden, cables . 24.40 24.35
Denmark, checks. 21.60 21.55
Denmark, cables .... 21.75 21.75
Norway, checks . 23.20 22.80
Norway, cables . 23.15 23.00
Pesetas, checks . 19.02 19.55
Pesetas, cables . 19.10 ',9.75
Greece, checks . 17.70
Greece, cables . 17.75
Manila, checks . 49.75 49.75
Manila, cables . 50.00 50.CO
India, rupees, checks. 43'4 40'4
India, rupees, cables. 43',2 40' 3
Japan, yen, checks... 50?s 5073
Japan, yen, cables... 51.00 51.00
Argentina, checks ...104.30 104.90
Argentina, cables ... 103.80 104.40
Brazil, Rio, checks... 2534 25%
Brazil, Rio, cables... 26.00 26.00
Adams Express Company
Reports Heavy Deficit
Los? on Operation for 18
Months Was $7,89.5,869;
Caused Reviewed
A statement of the income account
of the Adams Express Company cover?
ing the eighteen months ended June
30, 1918, shows' a net deficil for that
pei iod of $7,895,869. The last pn C
ing report covering the twelve months
ended December 31, 1917, exhibited a
deficit of $1,884,5-13.
Reviewing operations, William M.
Barrett, president, said that the year
1917 was unprofitable for l te company
because of the great congestion on
railroad lines over which it operated.
Substantially 70 per cent of . busi?
ness, Mr. Barrett added, was c: ?? I
on this zone in which the rates pre?
scribed were the lowest and the ex?
pense of conducting the express bu ;
ness the highest.
Mr. Barrett said that his report had
been delayed in the hope that he could
make some definite statement concern
ing the value of the stock of the Amer?
ican Railway Express Company, wh ch
took over the business of the express
companies on January 1. 1918.
"The new company," he added, "has
lost money during each month of its
operation, and recently the Director
General directed that the wages of all
employer, of the American Railwaj Ex?
press Company should be increased,
which will still further increase the
losses. Under the agreement mad?.
with the Director General, the latter
assumes any !uss in operation while the
contract is in force, but no provision
has yet been made for making any
allowance to the new company for the
; use of the property in the express
business.
"The net amount of stock in Airier
! ?can Railway Express Company, which
'this association will receive on account
? of the assets turned (.ver by ?1 and by
! the Southern Express Company is
I $6,027,929 par value of the stock. 'This
i is the amount of stock remaining after
'deducting the shares of stock of the
'? new express company, which this asso?
ciation agreed to transfer and assign
1 to the Director General in settlement
j of the claims made by him for railroad
' facilities and services furnished during
j the first six months of JIMS."
The Adams Express Company, Mr.
Barrett said, was operated at a severe
loss because of the existing war con?
ditions and because the railroads were
not able to furnish adequate facilities
for the transaction of the express
business.
Northern Pacific Reports
Bigger Earnings
The Northern Pacific Railroad re?
ports for the month of July gross
earnings of $8,679,755, contrasted with
$6,475,040 for the corresponding : I 1
a year ago. Operating expenses ab
i sorbed $6,155,716 of the total and $715,
264 was deducted !"? :? taxes, leaving a
railway operating income of $1,808,229,
I an increase of $505,129.
(.'anadian Traders in
\\ heat Need Licenses
OTTAWA, Canada, Aug. 29. Regula?
tions governing the operations of the
Wheat Con! rol Board, made public here
to-day, provide that no one shall buy !
wheat, handle it on commission, or op?
erate any warehouse or elevator wh? re
it is received, unless licensed to do so
by the board. 'This rule, however, does
n?)t apply to wheat purchased from one '?
farmer by another for seed or feed
purposes, or that which has not gone
through an elevator or been loaded on ;
cars.
Provision is also made for the hold- '
ing of regular meetings of the board
on the second Thursdays of September ?
and November of this year and in Jan?
uary, March, May, July and September
of 1920. Special meetings may be called
at any time or place by the chairman,
assistant chairman or any three mem?
bers of the board.
Transactions Yesterday in Listed Stocks
Record of Stock and Bond Averages
(Copyright, 1010, New York Tribun? Inc.)
Stocks
Range Jan. 1. Range full
Tester- Day Year 1919. 1918.
dar. before. ago. High. Low. High. Liw.
20 Railroads . 61.35 68.50 72.30 78.30 66.80 79.15 66.12
30 Industrials . 104.87 102.93 83.69 114.40 79.20 ?88.83 78.37
50 Stocks . 90.46 89.16 78.92 . 99.54 75.32 ^4.08 70.30
Bonds
10 Railroads . 76.07 76.03 78.17 82.80 75.36 86.57 76.62
10 Industrials . 93.05 93.13 90.91 95.70 92.72 94.08 67.40
5 Cliliiir.s . 82.00 82.00 82.90 87.75 81.90 89.02 82.60
25 Bond* . 84.05 84.06 84.21 87.91 83.98 89.46 83.62
Summary of Stock Exchange Dealings
(Copyright, 1019, New York Tribune Ino.)
Stocks
Dar Year January 1 to date
Yesterday. before. ago. 1919. 1918. 1917.
Railroads . 185.700 53,900 61,100 25,712,400 11,791,300 14,101,600
Other stocks . 700,200 679,900 158,300 170,318,700 78,119,100 112,141,500
All stocks . 894,900 733,800 219,400 196,031,100 89,910,400 126,243,100
Honda i
Yesterday, Day before. Year ago. 1919.
I. S. government.. $7,261.000 $8,473,000 $4,891,000 $1,542,016,000
Railroads . 1,336,000 511,000 1,979,000 180,889,000
Oilier bonds . 1,824,000 1,085,000 1,841,000 404,446,000
All bonds . 9,421,000 10,069,000 8,711,000 2,127,351,000
All stocks quoted dollars a share. Annual dividend rate, also In dollars
n share, is based on last, regular payment. High and low prices of 1919 are
based only on transactions of 100 shares or more.
Hizh. Cow. Div. Net
1919. 1919. Rate. Sales. Open. High. Low. Close, ehjre. Rid. Aik.
4% 3';,? Ajax Rubber ris. 3600 4 4> 2 4 4?/2+ % ? ?
54 21 ? Advance Rumely _ 1300 38'4 403a 38'4 40 -f- 2 40 40'.4
113 66 6 *Ajax Rubber . 3000 88% 91 88% 90%+ 3% 89 91
4'4 3 4 ? Alaska (.old Mine.... 1000 2% 2% 2'2 2%? '.4 2% 2%
3'a 1% ? Alaska Juncau . 200 *2 2 2 2 ? % 2 2' ?
50 30 ? Allis-Chalmcrs . 700 3838 39% 38% 39% + 7a 39 39%
55 33 3 Amer Bunk Note_ 200 44 44 44 44 ? % 43' 2 45
113% 92% 8 Am Agr Chcm. 1800 96% 97 92% 95 ?3 9434 95
93' 2 62 8 Am Beet Sugar. 300 86 88' 2 86 86 - 86 88
95 84% 6 Am Beet Sugar pr... 300 93% 93% 933$ 933,,- 94 94'/2
126 84'/2 8 Am Bosch Magneto.. ICO 111?/2 111'2 111'/2 111!/2? 1 111 114
63 42%?? American Can . 232C0 52% 57 52'2 56%+ 5% 5634 57
134!/2 84'? 8 Am Car & Foundry.. 9800 134% 134% 132% 133 + % 132% 133%
67'? 39% 4 American Cotton Oil 1400 5538 56% 55% 56%+ 1% 55 56%
93 83 6 Am Cotton Oil pr... 100 91 91 91 91 - 91 93
14'/4 103s .80 Am Drue Syndicate. 400 11?/4 11% 11% 11%? % H'/s 11''4
43% 13!/8 ? Am Hide & I.eath... 2300 31','a 32% 31% 3238 + 2% 32% 32%
13634 7II/4 7 Am Hide & Leath pr 2300 120% 122 120 122 + 3 121% 122
76' a 37Vz ? American ice . 900 45 48% 45 47 +2 47 48
115| 2 52% 4.80 Am Int Corp. 6800 94% 96 94% 95%+ 2% 9534 95%
82 44'a ? American Linseed .. 4600 74'4 75% 74 74 + '/? 73% 74%
983a 85 7 American Linseed pr 200 95% 95% 9534 953/4+ % 95 96
97'2 58 6 Am Locomotive _ 5200 8838 88'2 8738 87%+ % 87% 88%
63 5334? Am Malt & Grain... 400 57'2 57% 57 57 ? ',2 56% 57%
89'., 62'a 4 *Am Smelling . 2400 75% 75% 75'/2 75%+ 1(/4 75% 75%
47 04' 4 3 Am Slrel Pdry. 3100 40' 2 40% 40 40t/4+ 3? 40',4 403a
06'2 04'-, 7 Am Steel I'dry pr... 100 953,4 95% 95% 9534 f- ' n 95 96
I42 H',;4 7 American Sugar _ 900 1303y 131% 130 131 !? 34 131 131' a
120' 2 73 10 American Sumatra . 1300 83 8V 82 83%; 2 82% 83' 2
103% 06% 8 Am Tel & Tel. 3400 101 ' 2 101' / 100' 4 101%-? %101 101%
200 191% 20 Am 'J'obacco . 400 22l3a 223 221 % 223 + 2 223 224
137 45'., 5 American Wool .... 3800 120 I20 117% 117%+ 2% 117 117>/2
68% 27%? Am Writ Paper pr.. 400 ' 59'2 59' 2 59% 59' 2 ?? 1'/2 58% 59
29 11 ? Am Zinc & Lead... 600 23% 24 23% 23% ? % 23% 24
77% 56%. 4 Anaconda . 3800 68% 63% 67'4 68%+ 1% 68% 68%
96 1 68 5 Asso Oil . 600 92 92 92 92+2 91 95
104 88 6 AtchUson . 600 02 02 91% 91%+ 1% 91% 92
02 7 Atlantic Coast Line.. 100 94 94 94 94 - 93 94
188% 92 10 All, (,ulf & \V I... 4400 150 154' 2 150 154 - 6 153% 154' 2
101% 64% ? Baldwin Locomo Co. 34200 112 112%, 110 111%- 3'4 111% 112
55% 39!4 ? Baltimore & Ohio... 1100 42 42 41% 42 + % 41% 42
145 103 8 Rarrctt Co . 200 120 120% 120 120%;- 2% 120% 121
110% 05;)s 5 Beth Steel, Class B. . 15100 80% 87 85% 87 + 3% 86% 87
33% 18%? Bklyn Rap Tran_ 100 25 25 25 25 ? % 24% 25%
25 17%? Booth Fisheries . C00 18% 18% 18% 18%+ % 18 18%
112% 71 6 Brown Shoe Co. 100 31 91 91 91 1 92% 95
? -, 8% ? Brunswick . 400 11% 11% 11% 11%- 1'% 12
14% 5% % Butte Cop & Zinc... 1800 12% 12% 12% 12%- % 12% 12%
07'.. 16:4? Butte & Sup Copper.. 300 27' 2 27% 27 27%-26% 27%,
393.4 16 ? Butterick Co . 1100 33 33 31% 32 - 31 33
54'/4 29 ? Cacillo Oil . 2000 02 33' 4 32 33%+ 1% 33 33%
75% 48% 4 ?California Packing.. 600 67% 68% 67% 67%+ 34 67% 68%
52% 20% ? California Petroleum. 6800 45 46% 44% 46 ? 2 45% 46
8' 1 64% 7 Calif Petroleum pr.. 400 82 82% 82 82%+ 1% 82 83
170% 153 10 Canadian Pacific ... 35O0 156 156% 15538 155%+ % 155% 155%
116%. 56; z 5 Central Leather .... 5800 n6 96% 95% 95%+ 1% 95%, 96
67% 31 4 Cerro de Pasco. 1300 54 54''., 54 54 ? % 54 54%
?f7 % 103 16 Chandler Motors ... 1000 235% 253 235' 2 248 4 4 245 250
68% 52% 4 Ches & Ohio . 600 57% 57'2 57 57 - % 57 57%
30% 22% 2 Chic CM West pr- ?CO 24% 24% 24% 24%- % 21 23
02% 34%,? Chic, M os Si P. 1000 41% 42 41%, 41%- 1% 41% 42
76 60% ? Chic, M & M P pr.. 600 64% 64' , 64' 4 64%+ 1% 63' , 64'/4
105 91 7 Chic & Nue.!.. . . 400 05 05 !4 95 95 - 95'4 95';
133 123 8 Chic .V N'wcsl pr... 100 123% 123% 123% 123%? 1% 123 125
81% 72 6 Chic Pneu Tool. '100 78 78 78 78 + 3 75 78
32% 22%? Chic, I! I ci Pac... 2100 24% 25'4 24% 25% + 34 251 g 25/
73 00;.i 6 Chic, i; i & P 6% pr 100 61 61 61 61 + 1 60% 61' ?
84 68% 7 Chic, R 1 & P 7% pr 200 72% 72% 72% 72%. 3 4 72 72 %
54% 32 ? C, C, C & Si 1. 100 44 44 44 44 - 40 45
50% 32% 3 Chino Con Copper... 700 23% 23% 23% 23%+ % 23' 4 23/
551/4 60% 6 Cluctl Peabodj ... 000 43% 44% 43% 44% r 1% 44'4 44/
06 34% 3 Col Fuel & iron. 1100 44 44% 44 "4 % ? P/4 44'4 44%
05 39% 4 Col Cas & Electric. . 2000 61% 62 61 % 61%-} % 61% 61'.
63% 37% 4 Comp-Tab-Rec . 100 52 52 52 52 - 50'2 56
14% 11% ? Con Candy . 2400 12 12% 11% 12 ? % 12 12%
106% 87/; 7 Consol Cas. 000 95 95 91/ 94%+ % 94% 95
21% 5% 3 Cens lut Call .Min... 3000 13 4 19% 18% 19%+ 1% 19% 191 .
103% 05'2 6 Con Can . 2500 93~a 94' 2 93% 94 ? % 94 90
95% 46 ? Corn Produc?s . 17100 79% 82 79% 82 +3 81% 82
164% 00's 6 Crucible Steel . 35400 153 164% 156 164% + 10% 164 164',
105 01 7 Crucible ^teel pr.... 100 101 101 101 101 - 101 102
200 150 10 Cuba Am Sugar.... 300 240% 249% 240/2 249% -f 22% 245 250
106 101% 7 Cuba Am Sugar pr.. . 100 105 105 105 105 + 1 104 107
41% 20%? Cuba Cane Sugar- 2100 32% 33% 02% 33%- 1% 33 33';
87% G9% 7 Cuba Cane Sugar pr. 600 79% 79% 79'4 79%- % 79% ?
116 101 9 Delaware & Hudson.. 200 106 106 100 106 - 106 107'
24 6% ? Dein & Rio (. pr- 2S00 15% 15% 15% 15%+ % 15% 153
16% 10%? Dome Mines . 200 13% 13% 13% 13%+ % 13 13'
43 27 3 Elk Horn Coal. 600 37 37% 37 37% + % 36% 37'
20 4 1j ? F.ric . 000 16 10 15-% 15%? % 15% 16?/
33 23% ? Erie 1st pr. 1000 25' ? 25% 20% 25%+ % 25% 26
123 93 8 Famous Players .... 2100 98 99' 2 93 99%+ 1% 99 100
Fairbanks Co . 400 80% 80'2 79'2 79/.? % 79 80"
., }8% ? Fisher Bodj . 4400 87"a 92' 4 87% 92 +5 91 92
46% 42% ? Fisk Rubber Tire.... 2800 43% 44/, 43 44%- 1% 43% 44'
42/4 I Frceporl lesas . 12600 48% 51% 48% 50 ?- 1% 50 50'
38% 25'3 2 Gaston Williams .... 600 30' 2 31 30% 30%, % 30% 303
55% 47 6 General Cigar . 300 79% 82' ? 79% 82%'- 1% 81 " 82
173% 144% 8 General Electric Co. 400 164% 167 164% 167 + 2 163 168
243 118% 12 (.encrai Motors ... 5000 237' 2 239 234 236%;- 1% 22534 236'
94% 82' 2 6 Gen Motors 6?0 deb. 80O 86'2 86% 86 86 - E6 85'
89% 56% 4 Goodrich, H F. 1700 74% 74% 74 74%+ 1% 74 74'
80 64 ? Granby Mining . 200 67 67 67 67 ? % 66% 685
I ;l 84% 7 Gt Northern pr. 400 88 88% 88 88%+ % 88 88^
. ; 31% 4 (.t North Ore subs... 300 42' ? 43 42% 42%- % 42% 43
47% 38% ? Greene-Can Copper. 200 42 42 42 *" 42 - 41 423
71% 40 4 Hask & Barker Car.. 1300 60 60% 60 00 - % 59% 60
96% 54 4 5 Hartman Corp . 100 -87 87 87 87 + 1% 85 87
104 90 7 Illinois Central . 200 92'2 92'2 92% 92%+ % 92 93'
68% 42/, 6 Inspiration Copper... 2400 60% 60% 60'4 60%+ 1% 60% 60'
9% 3' s ? lut Cons Corp. 900 6 6'2 6 6%+ % 6'4 6'
31% 1l!s ? Int Cons Corp pr_ 600 19 19 19 19 - 18% 19
149% 110% 6 !nl Harvester Co- 300 132 132% 132 132%- 2% 132% 133
120 114% 7 Int Harvest Co pr... 100 118% 118% 118% 118%- 116 " 120
673/4 0: .; ? Int Mercan Marine... 21600 56/ '57/ 56 " 57 * - 1% 57 57'
128% 9?. / 6 lut Mer Marine pr. . . 7600 116% 117% 116% 116%- 1 116% 117
71 30%? lntM Paper . 2800 55% 57 55% 56%- 1% 56% 56^
33% 24% ? Inl'l Nickel . 1300 25% 26% 25% 26' 2 - % 26% 26'
48- 23 ? Jewel Tea . 800 24% 24% 23 23' 4? 1% 23% 24'
91 60 7 .Cv.il Tea pr. 109 60 60 60 60?4 60 70
44 31 2 June, Tea Co. 300 37% 37% 36% 3634? ' 4 36% 37'
: 2 16%? Kansas City South.. 600 18% 18% 18% 18%? % 18% 19
139 3 68 4 Kelly Springfield ... 2900 129 132 I29 132 ? 5 131% 132
105 102% 8 Kelly Spring 8% pr. 40 I05 105 103 105 - 103'. 105
78 34 ? Kelsey Wheel Co ... 200 60' 2 63% 63 63%+ % 63% 65
100 89 7 Kelsey Wheel Co pr. 1C0 97 97 97 97 _ 1 97 99
a 20% 2 Kennecott Copper .. 2000 37% 37' 8 36% 37 + % 363? 37
120% 62/ 1.20 Kcyslonc Tire . 9600 80% 82/, 80/ 8I%- 2 81% 82
93' 4 62/. 6 Lackawanna Steel .. 900 79 79% 79 79 ? 1% 79 791
C'3% ?' -? Lehigh Valley . 600 49% 49' 2 49 49%+ 38 491 49.
147% 12 Lorillard, Pierre ... 400 220 220 21934 220 _ 215 223'
?22% 104% 7 Louisv & Nashville.. 100 10834 1C834 108% 10834? 1'4 10834 110
79% ^0 6 Macka3 Cos . 100 75 75 75 75 - 74% 77
61 26/? Maxwell Motor . 600 47'4 47', 47 47%- 1 ? 471. 48
84% 50%? Maxwell Motor 1st pr 400 73% 73% 73 73 ? % 73 74
46 .? 19 1 ? Maxwell Motor 2d pr 100 36 36 36 36 - 1 "" 35 36
210 ,. 160% 8 Mexican Petroleum . 24800 181 188% 180 188% -12% 188'. 189
.... : .. 2 Miami Con Copper.. 600 27% 27% 27% 27%. 3. 27% 27
?^ 1 "?0% 4 Midvale Steel . 2600 51/ 51% 51 51%. 1 51 51
? '.: ? Mo, Uans & Tex... 6S00 13% 13% 13% 13%+ '- 1*1/- n
18% 22%? Missouri Pacific .... 3100 27% 29 27% 28% |
58% 45% ? Missouri Pacific pr.. 200 49'a 49'8 49 49
84 6i% 3 Mont Power . 2000 63% 63% 615? 63 ?
100% 104 7' Mont Power pr. 100 106 ~ 106 * 106 106 +
24% 14 ? Nat Con & Cable..., 200 16%, 16% 16/, 16%
88% 45% 6 Nut Enam & Slpg... 1C00 75 75 74% 7434_
'12 I06 7 National Lead . 100 106 106 106 ' 106 ?
21% 15% 1% Nevada Con Copper... 400 18% 18'2 18% 18%_
83% 69% 5 New York Central... 1000 73% 73% 73 73 ;
70% 19/. 2% N V Dock. 200 58 58 58 58 ?
75 44'., 5 N Y Dock pr. 100 65% 65'. 65'', 65',?
40% 25%? N Y, N H & H. 3800 33 33% 32% 32%.
112% 98 ?4 7 Norfolk A West. 300 100 100 100 100 I
70 69 4 Norfolk & West pr.. 100 69 69 69 69 _
99% 84 7 Northern Pacific ... 1300 87% 88% 87% 88 +
9/ 46 5 Nova Scotia Steel .. 400 7334 7334 73% 73%.
61% 35% 4 Ohio Gas . 5900 53 53% 52% 52%
13% 8 % Okla Prod & Relin.. 15100 10 10% 10 10%
10% 5% ? Ontario Silver . 400 7% 7% 7% 7%X
63 46 3 Owens Bolt ling .... 200 56 56% 56 56%
42|/2 29% 1 Pacific Mail . 100 40 40% 40 40% +
1%
119! 4 67 5 Pan-Am Petroleum.. 48100 111'/
114/
4 :
48|/2
58
57
26'/4
43' 4
61' 2
High. I*>w. DIT.
1819. 191?. Ratfc
42 Va 3
30 ?
39 ?
12'/? -
30 3
30 ?
66% 38^4 ?
110 101'/a 8
2g3? 16 ?
74% 45 5
22 12% 1
93'a 59 8
132?/a 112! 2 8
72 51 ?
99 68% 8
112 104 7
27'/a 19 2
74% 4
68 ?
6
8.44
93?8
8634
103 J, a 71!;
121 84
90% 90 8.44
28! _
17
27%
25?/a
37%
233,4
218
6% ?
13% ?
1034 ?
141/8 ?
25 ?
1534 ?
168',?. 8
46% 6
92% 6
23'2 ?
69% 5
693,4
77 1
115
33
72 %
9% 8'/2 ?
104 36J4 4
12434 45% 4
125'g 42'4 5
17% 1214 ?
70! 4 271/2 ?
292 185 10
115 72% 6
42% ?
37' 4 5
49'2
68%
100
138'j
7434
58%
II334
19
19b
34%
3834
88%
167
50%
138%
119%
73
115'/2
119' ? 10
69' s 4
37% 4
80', 4 ?
9 ?
157
15
14
49
97%
17/4
73
109
43 %
88%
117% 113'
97', 65!
97! a
13%
38
79
1478
26
10
51
7% ?
30 --
53
9% ?
17 ?
61'2 52'i 6
59% 40' 2 4
65' 2 5
7% ?
104
12
40'
98'
136% 120
87% 50
23' <
873a
Ralf?. Open
Pennsylvania R R 600 43!
Perm Seaboard Steel 500
Peo Gun & Coke. 200
Pcre Marquette - 1500
Philadelphia Co . 400
Pettibone-Mull Co . . . 100
Pierce Arrow :. 9900 54
Pierce Arrow pr. 200 107
Pierre Oil .
Pittsburgh t'onl . . .
Pond Creek Coal. . .
Pressed Steel Car. .
Pullman Pnl Car. .
Punta Alegre Sugar.
Rway Steel Spring.
Kway Stl Spring pr.
Ray Con Copper.
Reading .
Rcm Typewriter
Rep Iron & Steel
Roy Dut N Y
Roy D NY shrs rcpts
Savage Arma .
Ht Joseph Lead
St Louis & San Fran
St Louis S'west.
St Louis S'west pr. .
Seaboard Air Line pr
Sears-Roebuck & Co
Sinclair Oil . 33100
Sloss-Sheff St & Ir. .
Southern Pacific ....
Southern R R
Southern It R pr.
Stromhera rts. . . .
*Stromberg Cnrb.
Sfudebokcr'. 23800
Stutz .Motors . 1200 1
Tenn Cop & ('hem
Texas & Pacific
Texas Company
Tob Products . .
Trans Con Oil. 13100
Trans & Wms
Union Bag & Paper.
Union Pacific .
I ninn Pacific pr. . .
United Alloy Steel. .
United Retail Stores
United Ret Stores rls
I'nitcd Fruit
United Ry Invest pr
U S Cast f P & I'o.
I' S Food I'rod act 3.
U S Ind Alcohol_
U S Realty & Imp...
U S Rubber. 19900 123
U S Rubber 1st pr.. . 100 113
U S Smelt & Ref_ 1500 65
*U S Steel. 72200 102% 10:5% 102' 8 103'.1
U S Steel pr. 1400 115 115 114% m '
Utah Copper . 1200 85
Va-Caro Chem
Wabnsh .
Wobash pr A. .
Wells Fargo Kx
West Maryland
West Pacific
West Pacific
Westinghouse Mf?r
Wilson Co .
Wheeling ?S: 1. IC
White Motors
Willys Overland _
Willys Overland pr .
Wool won li .
Worth I'ump & Mach
Ex dividend.
Bid and Asked
Quo la i ion s
Tlie following table gives the closing
hi 1 and asked quotations ?'or stocks
listed on the Xew York Stock Exchange
b-t not traded in yesterday:
Bid. A . Bid. A licl
Adams Exp, . -til
AI Chain) i i- 01) 92
A Itk .Vole pr 48 50 La? ? ? ?,
A Ag ??:. pr ? ; 1:9 [.aleo K .v \V, :i' , 12
A 11 S I i.-,. . U3 '?; . , , - 20 22
,? pr 1115 200 :.... : .. m ; : ; :..>
Am Can pi 10.1 111") 1 r . . . IUJ 112
\ r & V in-. 116 I ill !. -.'. :,., i ... i,i i.;
Am Coal ..45 ? ?l.i : ??. pr 100 Hi I
Am l-.'ipri s. . ?I0 SJ' 4 do -?1 pr 112 lu
Aiu !?? a pr. ?.J ti'.'i ! : lar : pr I 12 114
A LI - e i pr 95 lit? Ma kav ? '? ? pr 04 65'
Am Loco pr. 102 106 Mi , Ueadi ' . 2'
Am Shlpbldg ? 132 Mai li.it I... 75 " 80
Am Smell pr. 103 105 Mat Al \\ II 34
i pr A H'i ''0 '.:.:? U ? til pi I0K1 .? I in
Am Snuff ...119 121 Mi i I'ci pr 107
do pr . 93 100 Ml . ? i lira ? II 9
Am Su rar pr. 116 !18 MSI ? - - ?J 06 Hi)
A --'..'?i T pr 93 ? ?? ilo i .... 100 I ill
Am Tel & ?'. 55 B0 ?...:. 55 65
1 ;.; . . 100 lin , Moiris i
Am Wool H-.I05 I06'/j Nasli A Cliat.105 117
A /. A 1. pr 50:.. 61 v..?: l!l i .110 120
Ann Arbor .. 4 0 Nat Cl & S. 70 80
ilo pr . 10 30 .i.? pr . .104 II <
\ 1? ?i 1st pr 75 ail V 10 .?. s pr. loi 103
du IM pr , . S'al Lea i pr inj-j 106
At. ... un er . 81' i 82 N lll? M Isl pr l<? 24
Ad ? YV 1 pr 72 , j N V ? ,v S I. 25! ? 29
llal'l Loco tu". (04 105 do 1st pr.. HO 70
II .t ?i pr. .51 5I7B Jo IM pr . 47 49
Llarrell Co pr. ? III N V I, & \V. 91% ?
Balopllas M.. Is? l%\ i ?' & W 19'/;, 20'..
Both Steel . . 80 84 N'orch Am . . . 56 59
Held S 7th pr.lll% 114 U. l-'uel .. 50 5l)%
Hk:i Edison.. 98 102 Owens Bol i r 102 I?I5
Hkn In <ia>. 78 8.) Ta. Ific Coas . 35 50
Drown Sh pr ?ID? , 98 ?i ? 1st pi . 70 8')
Dun ? His pr lofl 115 : do .1 pr . 40 oi)
BuiT R ,?c 1'. 58 ?0 | Teor?a .v 1. It ? Hi
do pr . 93 -- Tere M..;- pr 40 il
Blisll Term.. 85 100 du prior pr. 5') 02
Can Southern 4J'j 48 ?1' '.'. C & S I. So 0(1
Case .1 1 pr.. 100 Idl i'otll Mulli. . 40 48
Ceil of N .1. .20.1 225 ' do : i pr. 96 102
Chi A: Alton. 7 II Tin. ? nal pr. 92 9?'2
do pr . ... I2'< 15' , T T W .'t ?'. I29!8 133
C & K ill [ir. 10 14 Tills St pr. . 03'4 03
fill lit West. 8' 2 '?' T & W Va pr 78 80
CI .t Tilts. . ? 80 l'r SI Car i . 101 109
1ST M & (I 85 75 TSC N .1 b.' 90
.in pr .100 110 lira ling Isl :.; 'i1 ? 36
?'?r.t S h pr 66'/B 70 ,?,1 J'.l pr 37',-s 33
Cluett Tcalj.. 75 81 ISavag. Anus 70 7.1
do pr .105 ? S L .?. SI pi 26 28
C [?' & 1 pr ? 125 Seau A L ... 9 m
i.; \- s 1st pr 50 55 Sears ?too i ? 118
do 2d pr... 45 51 S S S ,\ I i : 90 95
font Can pr. 102 105 S T It Sugar.157 I80'.i
? oi : Ins i.. 72% 75 do pr ? I 15'.,
Corn Trod rr.106 108 |standai?l Mill 129 135
Crex Carpet., 55 05 , do pr . 85 'H
Dcere Co pr. 100 104 Studeliaker pr. 100 101
U L ?V W. . . 185 195 Sup Steel 4?1 ? 42
1>. i i:di.-vn..ll7 122 il?, pr . ..102 ?
Del Un lll?. 95 1/8 T a T I?! ir 365 405
l? S S & A. 4 4'; Tid. water 011.238 215
.lu pr . 5 10 Tup Trod pr 100 104'
i:?.-< St 1!^' . 92 95 Toi S I. \- W. G 12
Klkliorn C pr. 41 46 do etf. ? 12
Kiie L'd pr. . 16% 19 do pr ... 16 25
i ?il M & S. I I 15' ,, .!.. etfs pr. 20 20
do pr . 32 34 Twin Cil> It T 41 49
l'i.ii.T 1!> pr.100 102 . du pr . 85 124
Gen Cmmi.... ? I7'i Ui Ici id T. IM 175
do pr .103' i 108 do pi _105 I 15
fien ligar pr 99 103 L'n ? Ig Si 190 200
(?en Mtrs pr. 90 91 do pr .. .119 121
(?oodrlch pr.,102 103 L'nue.l Drug.. 150 153
(1 M Ac No. 9 II) do Isl pi . 5l'/j 52
tlO pr .Ii> 42 do 2?! pr. . . 145 152
t; S S 1st pr 94 98 V S Express., 27'., 28
!
T s I Al ; ?? 103 105
IS ,\ ?; : 47v's 19
B2 84 II an Sec ' rp 15'? 16%
. . ...... i p ! : , , i i .
I 75 77.I 61
pr 92 93 , '
..1 60 ., Md 20 28
?'? : W '?;?? A ['... MO 111%
120 129 U. : M 1st. 5j 75
'l pr - i . ?ou Co | t;'. : I
Consolidated Exchauge
[Unit of trade oi? this exchange, 10 shares]
I' -an a ?. .? and ? .??? ? ?? i . i day Ihn
!:... ? aci '..1 . ?v..- Co ..'. ?
Sa es. ' ?-. I: - :??'??' La *.
: ; ' ''.-?- i .r: . :'. . 56! s 52'-?g
? ' . , : ?? . . ' -
R i / 5 .? 75 g 75 i
I Vn ? -. '- ' 4 ? ?? .
: ..' \ .. ? ? -:i i ? ' 6S d 68 ? 677,3 67'8
4 112! -> 110'/2 1il?'4
i ' ?? . ? li . ': . :: , o-, . . :
L'a ? , 14 . ' .:
' . ? ? .'
l?i i C?5 n Prod te , 8 : 79 ... 8 ?
. ?? ...... ..'-.??
i ... L'ai e Su -...'.
:.. loi .Il.??'?.?. 53 56' 4 57
...;.'.'
;,-.? y.- .. an Pel 138
;.;. ? M klvale Sleel. 5 ? ' -, 50 ,
;??..' n-i 1 ... . 28 ...
?_:;n N Y N il ,, il : . ,
lllll Ohio Cities Gai 52! ! -'?'? ? 52 -, 52 .
:-. - Okla Product .. ? : x '? ''??' -t
<tl?5u Pan An? Pet. . 1 i ; !4 i 15 H1'/2 1 I47a
loin Pierce Arrow.. 53!4 54?? 53 4 54J?
! , i- KcadinK. &: ? 80 \; 80 Eu
IdlU liuyal Uuich. ! 2 ' ~ ..- ? - ' ?'
llil? Sinelai Oil. ... 3 59!a 57 .?, 59 ?
?I..V, Southern Pac. ? . ?03
:..-... ',.?'.:' : 108! a
. i . . : . us ?S Pa I ' , , 48
HOU 1 ..;. Producto. . 9 ' . 94
H ?er .. g 26 , 123 ? k25 ;.,
'?-'?? - : ? j ?- -:
13 ? I nil Retail rts. cj 2 87 s 85 87
Stocks Ex Dividend Yesterday
Ajax Rubber . J1.00
A ?n S niel ting. t.inj
Am. I.M.I-.-.- . 1.50
Am. Tel. a- Cubic . 1.25
Cal. Packing . l.O'i
Diamond Match . : .00
Norfolk K W< ?tern. , ,.".
Savaive A :ins . ; .50
Southern Pacifie . : .50
United Cisrar Sto es pr. 1.75
U. S. Cast Iron Pil ?? pr. 1.15
U. S. Steel. I.:.",
On the Paris Bourse
PARIS. Aug. 29. Trading was quiet
?m the Bourse to-day. Three per cent
rentes, 61 francs 15 centimes for cash.
Exchange on London, 34 : i ancs G ??? .,
times. Five per cent I? an, 88 franfcs 35
cent ?mes. < The do! lar ranged from 8
francs 5 centimes to 8 francs LO i n
I imes.
Significant Relations
Money and Prices :
Stock of money gold in the country. . $2,989,548,109 $3,030,767,801
May IC. 1313 ;
i ?.oans of all national banks.$9.904.821.000 $9,260,041,000
! Their surplus reserves. 59.642.C0O 114,668,000
Last week. A \ ?..:? ago
Total bills on hand.$2,137.22 LOGO $1,630,321,000
Federal Reserve notes in circulation 2,553,53-1,000 2,032,837,000
Total gold reserve. 2,074.285,000 2?03?C5l!oOO
?esti i day. Pi . :,? ;.
Average price of fifty stocks. 90.46 89.16 73.92
Average price of twenty-fir bonds.. 84.05 8 ,.C? 2421
Food cost of living (Annalist index, , , .,..
i.ast week. I he week before. A yeai iro
number) .303.709 309.820 290.021
General commodity price level (Dun's Au_ | ruf ,
index number).241.650 233.707 2:2.0.3
Production:
July 31 J une D \ . , ?? ,i0
Unfilled U. S. steel orders, ton?. 5,578,66! 4,892,855 8.383.80! '
Fig iron output (daily average), tons 78,340 70,495 110.254?
If 19 yield, estimated. Tbe 1918 croD
Wheat crop, bushels. 940,000,000 917,100,000
Corn, bushels. 2,788,378,000 2,5?2,814^000
Cotton, 500-lb. bales. 11,016,000 12,040.000
Distribution: ?-Incceas* or .1.,-?? from year before-,
.11: ua..s \ ; ? lasa i i ,.,.;..
see. ..... ,-. Mi :: . ; Jail. I to
in A . : ? ? i . :. .1 uii" ...
Gross railroad earnings...... +17.0% ? 7.80o M2.8%
I.a.--' w.i.. Ween before. Year to dale.
Bank clearings. +22.7% +33.4% +16.8%
General: Tul Juae A
Active cotton spindles., 34,'l84',407 33.943,405 33,657,89?
Commercial failures (Uun's). j ,:> June Avarago
Number . 452 485 786
Liabilities . $5,507,010 $9,482,721 $9,789,57:
Building permits (Bradstreet's) : July I919 July 191i
(153 citie?)..$133,314,762 $42,314,83'
In Wall Street
Out for Foreign Business
The. absorption of the Scandinavian
Trust Company by the Liberty Na?
tional Bank waa explained to mean that
the latter institution couid set out ag?
gressively for foreign business, par?
ticularly in the Scandinavian coun?
tries The capital of the Liberty Na?
tional Bunk will be increased from $.,,
000 000 to $0,000,000. The capital of
the* Trust Company was $1,000,000 and
the 'lock will be exchangeable, Bhare
for share, for that of the Liberty .Na?
tional Bank, and the other $1,000,000
of the increase in the bank's capital
will b?l obtained throuch giving stock?
holder? of the bank the right to sub?
scribe to one share of new for every
three they now hold. The adjustment
will make the new stock worth $525 a
share, which is regarded as extrcmo:y
favorable to holders of Scandinavian
Trust Company stock, inasmuch as that
institution was organized as recently
as 1917. Offices of the Scandinavian
? Trust said that the demand for the
vacated quarters at 56 Broadway was
exceedingly great.
Lehigh Workers to Return
Tho whole trend of labor news yes
terday was interpreted as favorable to
the forces of stability. As a straw.
Wall Street men were much interested
in the report that the chairman of the
shopmen's committees in various cities
in which the Lehigh Railroad has shops
had unanimously voted that the men
should go back to work.
German Persistence -Again
With characteristic Teutonic thorough?
ness, agents of German financial and
govermental institutions have been
seeking credit in the United States
since restrictions against, trading with
the enemy were removed. Although
finding a lack of disposition to take
prompt action on the part of bankers,
they have energetically visited all po
tential lenders and have suggested
virtually every technique for financial
aid that i.s known to financiers. Yes?
terday it was reported that Germany
was sounding out bankers on the prop?
osition of selling Germany Treasury
bills of one. two arid three years' ma?
turity in this market.
Out of the Market
The market places in New York for
th" sale of securities and commodities
will be closed to-day, to-morrow and
Monday. Many operators who were
short covered yesterday to be out of
the market over the triple holiday, as
it was, developments over so pro?
tracted a suspension of trading might
pos ?bly lie important. Many leading
men of Wall Street turned the Labor
Day vacation into a four-day function
'??;. starting out to the country yester?
day. As a result, few important con
ferences were held during the day. and
outside of tin; markets, little was done.
S. 1'. Decision Misinterpreted
?? ?? ne selling in Southern Pacific was
nduced yesterday by a wire sent out
by a brokerage house stating that the
? . ' ;et1 led by the Federal Di strict
Court at Los Angeles was less impor?
tant than the oil land litigation pend?
ing in the United States Supreme
' 'ourt. This wa ? a bit of misii I
i ' t rece .'ed the att 3nt ion of the
company's officials. The acreage in
the ease now before tin Supreme
( our:. .' wa 3 . stated, involved o
anioi '. little of wh ch
.red to be oil producing. T ?? only
impoi anee a ttach % to its ttlem
. . ? either will or will not free
iv of the charge of fraud,
ch i also invoi' ed n the m >re im -
tant suit.
Can Company to Sell Munition Plant
; ? .,, ; _ report ed yesl erday that the
Ai erican Can Conipan; is ?egot iatii g
Lo i ts plant at Edgi \ rater, X. ,].,
ivhich has been engaged in the manu?
facture of munitions. Importance is
i to the ey. pected ale n that
it w 11 also ' nvol\ e ?;. .? aucti ning ff
tool and other equii -
which it is be! eved wi! 1 com inand a
high n'-,ce. The Edgewater plant is
aid to be carried on : le Can c unpany's
books at between $3,000,000 and
. 1,000,000.
Buying of Odd Lots Continues
the o? lioi of the "i kid Lot R< ?
\ iew" : he nvesl :. ; publi : conl ii ues to
b odd lots, " ? ningly obi ivious
' ? : ?? ? hange in geni ral bu ness co
: ." "Week after w< ek," : ? ?
i adds, "the buying-on-balam c
no\ i nn '.' cont i nue s in impn ssivi
n. rhis week there were To p -r
cent more pure! ases than sales. The
i of bu\ ??!?.. vvas fully t w ic
ier of sellers. It maj be of some
a nee, howev?. r, that the balance
' n ' he ';?..; ing ?idc : ?il; week was con
siderably :">> than that of the week
. \vl en purchases exceeded . ales
by over 200 per cent.'1
(General Petroleum Earns Le*.?
The Cicneral Petroleum Company for
the year ended June 30, last, reports a
irplu after charges and Federal
'? ?2,448,578, equivalent, after
of preferred dividends, to
$15.40 a share on tlve common stock.
riie company earned $20.22 a share on
the junior stock issue in the 1918 fisca'
year, when no allowance was made for
Federal taxes. The amount reserved
for this account last year was $649,1 15.
\ uleaii Detinning Sales Larger
Sales of the Vulcan Detinning Com?
pany for the quarter ended .lune 30,
last, were $429,2; ??ompared with
?429,161 for the corresponding period
last year. Expenses absorbed $343,538,
.. aving a balance of $85,758, to winch
was added $6,686 of oilier income,
bringing the : tal income up to $02,4-14.
\ ? ? ? '. i.c . ig . 30,000 for taxes and
ither charges, there was a surplus of
'-'-. 144, again ; >,999 earned in the
? : une larti i year ago.
Financial Items
:; . ? . ?? .- tandard Ban . of Si ith
ricti ' ; " '?. eisn d a 1 1 per cen? intei im
... :. . income tax, according to .i
eeeived I y the local agent
i i t u t i o n.
?? Stcr? ' 'i irpi : al ion repi ri ? -?? les
i ; 5870,302, an increase of ?.??;
? , . the ce n es ponding m mtli i :
Saie; for the first .-?un n.onths
? ?? . 10,568, an increase of 17.70
n! over the corresponding period of
Pi rd T B? nett has been appointed
am ?eci'i tary of the Guaranty Trust
any
? New England Oil and Refining Corn
pan; ha ? eased its capital stock from
ti -.
The Guaranty Trust Company has been
api ?nted Iran fer agent foi the American
. .- p and Commerce Corporation.
The Equitable Trust Company of New
V ha i ? n appointed transfer agent u'.
'?? B ne County Coal Corporation.
Richard C. Plater, of 'I homas I'.a"-r &
Co., Nashville, Tenu., and A. '.I. Cleaver,
of A. H. Cleaver & Co., L)al!a?, Tex., have
m tend for membership in the New York
Cotton Exchange.
Robert C. Cairns has retired from the
firm of Gwathmey & Co., and will engage in
business in Liverpool.
George M. Shutt purchased the member?
ship ai the New York Cutton Exchange
held by the est?t* of L. Christ for $24,000.
This comparra with Thursday's record price
? ? $24 ' 0.
The St. Louis-San Francisco Railway will,
on October 1, pay the :} per cent semi-an
nuai interest un its adjustment mortgage
bonis, and the 6 per cent annual intercut on
its income mortgage bonds.
MEETINGS
BRAZIL TA?O. CATTI.F Asr> rVritiS;
COMPANY. rt,-?"S0
(Incorporated in the BUte of M???.
U. 8. A.) n''
TO THE HODDI5RS OF AN ISSCH r>v .
PKIt CENT. FIRST MORT ?AGE 'i;0. J
SECURED BY TRI BT DEED Iht??
1ST NQVE/.?R, ?911, BETWEEN tS
,.rKE
PANY."*
COMPANY AND EMPIRE TRUST COS
' NOTICE IP HEREBY GIVEN that txt.
I suant to tb? provisions of -''-i
B? hedule to th?? above-m? ? ... rjyi
a Meeting of the Holder? r the - Is theS
by secured (hereafter referr?d to as ?'??.'"
' Ronds") will ? held at ?r f!,..?'
: Old l?roail Street, In the City of
Wednesday. :!<> lBth day of
: n t 12 noon for the : irpose of coi trina
and, if though) P.t, passing *
! Resolutions <?? define 11 the ??a
' Schedule, to .he Intent thai ''.?".k*
I tioni Khali ho I ?riding or,
: whether present or not present h- i
'Ing. to the following effect
1. Approving and adopting a ComptM.
tlon Agreement (hereinafter eferr? ?
":h<? Composltl? n"j : ? I ??? ? (he C
the Brazil Ratlwa f Com]
holders, certs
holders, and dire? tic - -h?rt(if
on behah of the
2. Approving the appoint! nt of the La?
Debenture ? 1 as Trtft.
X'--k of th? cesito?
to the ?:r.-.?..re Ti
resigne :
3 Authoi l7.lt :: the real ' ;- -- i>.,
Bonds o* : he i ?.::.? r.j
exceeding ?287 5< .- ? : ? ? - -,
further amoui
v.r.Yi the 'avalla ? :
: -,- - as ?<?<?:?? : . .
o? -.v" financial years ei r,g ? . - i,..
cember, 1919 i : ?? - 1S20, 5
pay the interest ? : ?
and (li.) to iy the Ere;
an 1 taxes -, .
against the hoi :??: s of P
th* < ' ?mpany as holdei ? -?
to which such of th?
for t'.ie time b? g are
Railway C f th?
it?rais of ai ' - -*- . t
be subject ? Fran??
Prior Lien Boi a :.:-?
chajpge up? ?) all rged ??>
secure ? art*
cr??t? d by the al - I
and ; ' . ng t
. ent First Mort gag? intjr
for '
n I dire ting i he a
. ..- n ion of a Trust J re such
Prior I.len B? ?raft
.i - ? ??
to the Meeting suhj< i i -.
i if any ? as may t><
at the Meeting
4. A ? and ? the ??11
La ... Debenture Lin ?1
i hi. ifter lei
to execute a Suppl?
If ,-ing ? -i'
securing th? ? ??? ?
Ronds post] sage or
charg
mo: tgage o: ? ha rge coi e Trust
1 iee I the 1
authoi Izing he Ti te? ???.
:. and ihings as maj .... .,:y ?.
desirable for carrying the nto
effect.
;. Providing for the li len ? -? ' pro?
tection ? 'he Ti to
the ? 'omposii ion, ?? i
tee to ?:on.se ?lojru
ments referred to In pai 14
al "-. ?
6. Ratifying and api g the acts of
the Empire Tnn ? ?
1er the D? I
and in I he Re. ei' crship i -
\. .
7. Genera ? firs
.;,..._ ? ,
righi s of the hold ? '
? ?? i ' >upoi ?' .-? ? ? ? ? ?
? ?? rap li
:<??-? and
! .... .A
. ... ?
Meel ing. and elthei
such i -1
or approved l
. \ that the Re?
cel . ??? ? I : ? ? : ? \m i be ter
: it? .
....... i Re
; ? . ? , -
proceeding to foi
by or to nforce the t .. I
Trust. D . ' - '
held
'?
g of such event th?: M ?
fix
? 's of the C?
?'
Trust Deed ami ?
Prior I.len Boi
. :
?< get ts of - .i ? Compa ? . 60
Xho Compi
?.???:."..-.'
?'. - nol
The Pr . - position
are
1. The i ' ? ' $1.
?
Company I of
Prior 1
? '
.. : -
?. . ? , ? ? ; : ; l
'17, In
? '-,
. ?- ? ?? -
? ?
i
dato ? ? ' ?
! . ? ? ? ? '-.'.-? ?
moans of a ? .
mencing il I j ? such
I. A partiel] ?
"avalla! ;
Buch Hoi
l ;-. . --
vertible -v
- '"
fur such Deber.t
.
other instru? ;
?
' i?
Convertible Debeni - '?'??
de? :::??::???? I th?
available
of ?? : o
:?: ?
?enured
liabilities
the Ci .:i
I
?
tors of the Compai
point m< ? s of the
lures a! " >'"'
su h I M ?-. tors ai
oi ?? I se as provided "?
on '.? half of the '
''-..-???-...,.'. ;
.u m , lei - al Mi -
ers of the i
the mor? mp? riant a o! . . o?
the i ' tripa ?
W CAMERi
CHAUDES ?:. 1 ?
ra
B; oi lei ??; the Hoard of
BRAZIL LAND i \ :": I.I ID PACK S'C|
COMP \ \'.
!lat August. 1319
Persons whi produce al the M ? ng n i 1?,
or Voting: Cei
b> .: ? i i - .I :;. .,...- la:
latloin ? . e en?
titled to att? . :,.| ..-,-?
In accorda ... have
?de bj ? ... ' n a
ihe 1 rustee und
Schedule . ...? said Tiui-t D? '
Nom ml er 1911, Bond , '"
obtain \ ??';.;??.' .
Bonds v
.?. hlch may
?
In the fom,
ng Cert il ?
? ?
der. Hamlyn ...
gate. 1 i. ? ? , t
Regulati? ^
Certificate:? p .
an?-e with ...
?'''?::.;,..? aro
.:< ? os-it? :
DIVIDEND NOTICES
United Drug Company
Common >t<?< U Dividend No, 12
? Dire? tors ?,t Cnil-?] 1
I a i-.-guiai
1 ??...!, ' ? f
Co payable Octob. <i ?tock
liolders f record. S? b< ' ? '
.IAMEES ? ? \l, CUMM - . '
Rost? .. Auk isl 25, : .
Liggett Si Myers Tohacco Co.
.-? : . - M ? . : . ?
rhe Ira . ? 71
bonds ? .
COMPANY
-..-,. ? f
Interc-al said bonds, du?- i
and will reopen at K. M . Otto
bur 2, 1919
T. T ANDERS? IN, .
Liggett & Myers Tobacco G?.
A d , \ : ? : j : . i
per cenl (IS; ft) has b?-.--i declared on 'b?
Preferred stock of LIGGETT .\ MYER9
TOBACCO COMPANY, payable
lot, ]?<:<*, to ?tockboldi : - I at the
cl? of business September 16th, l'tt
Check? will b
T T ANDERSON, Treasurer.
AMERICAN CAN CO.
A quarterly ?:r . : .. and thros?
Quarters per . e.u ba? b?en declared ?o '-'"
Preferred Stock ??f this Company, t"C'*!''?
October 1st. 1319. to Stockholders of reeori
at the close of business Septeinher Klh.
191?. Transfer B(X)ks will remain op??
Checks ma.,ed. R. H. IStfON,
Secretary and Treasurer.