New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 16, 1920, Image 15

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New-York tribune. [volume], January 16, 1920, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 16 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-01-16/ed-1/seq-15/>

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si
//ave You Recorded
Your Securities
for 1920?
. stock and Bond Register
?owing yoo? hoWinf at *
J^e with mcome cfue you
?5 monlh, and other im
??rtaji. data, " ?valuable.
' If you desire a copy, we
AgJ] be glad io mail it with
0* compliment*-or if you
??I send M a hit of your
hekfog*. we Will make the
accessary calculations m the
Reg?t? for >0U With??p!
??jn8 you under any obh
jstio?
AJJres? Depl. "R"
(jo?ertC.Mayer&Co.
Investment Bankers
Equitable Building
New York
Tel. Rector 6770
Mexico
Oil Corporation
Bought
Sold
I
Quoted
Actively Traded in on
New York Curb
John J. MacCrum
Unlisted Securities
Umber N. Y. Curb Market Assit. \
25 Broad St. New York }
Phone Broad 873.
The
FINANCIAL FORECAST j
Annual Review an dOutlook j
The only Financial Re?
view of its kind, treating
the better class of out?
side securities.
64 pages on one hun?
dred selected stocks, giv?
ing charts and com- I
pany's statistics, high ?
and low records and
other fundamentals of
interest. A valuable ref?
erence guide.
Ask for Review A'O. 50.
fient without obligation.
M S Wolfe ? Co.
ESTABLISHED K)06
41BUCADST.NEWWRK, I
Phone ?i'oad. 25
Bought
Sold
Quoted
Mexico Oil
Corporation
W. S. Banks & Co.
23 Broad St., N. Y.
Tel. 6125 Broad
arguments Completed
Before Coal Strike Board
t*kewnan for Operators Urge?
UwThat Will Force Men to
uve Up to Contracts
*ASHINGT0X, Jan, 15.?With the
??MMnts of both miner? and coal
'*?**operator? in the central competi
^ field completed, the coal atriKe
?^?aent commission adjourned for
???Msions to-day until Monday, tak
* ?der advisement statements, and
*ti?tiea! reports which had been filed
| eoiinect?on with arguments during
?Ivor days of discussion.
"'? H. Penna, ol the Indiana <Joa?
'"?tors' Aasociation, closed the
**?* itatement to-day. There
^; *n ttirty-three years of col
lf:T* -?n?! ni rig ?n the coai industry,
F^tWtT'" "': """f10" "? con
fcis?iM " 17m'f; workers are irre
L*7">-? u an association and will
*Trl9' *?*'?' eont?"?cte< Penna for
'ii, ?<1 the commission, in behalf
ttat?^ ' u> '?'jn^libr methods
*k ? * '** ''"?''??''? awarda enforce
?'?2.*? t0 th'' extent of recoramenu
??. itlon **> Congreas.
?*s*v ^r'1" with Ralph Crew*,
Ua?.,- *?"* coa' operators, took
?Wm'*0" ,hat ,nc increased wage
i* ?t.*** *h?t on'y ?erioua claim of
??* L?'r.l' Th': thirty-hour week
j*!,,^ V" miners, Penna ?aid, was
?t7(Lt:?rr''','H'-' and attacked it a?
'?tt;?o J'^n ,'],'?i*r"><l to lower pro
'?'??mr ???a even higher tho cost
AS?* .'????day. the commission
?*risip ?JLst **?'" " ? court, con
??t?. ?, *riC<; rather than ?tate
***>>&, ittXh!ni:'i!i' wltneaae? and
^ ? the views of technical cx
J***** Big Rail Project
-, **? mad* yeaterdsy by Samuel
??nS"?"1 "f the P*n??yivania
?? ?* if1*"'0 that th*? *?Hro?d'?
???lit?, **,/yf?) ';?,,? authorized the
?j^J^? ?? *J 00,000,00o on hm
' ** ?a* * *o??day. Mr. Ra? ?aid
jblw ^ !1 the government, re
??"E?tt?tr c''",l'''--'''', and he ??
IT? feai? , gwi.r,)TOf-rit would pro
'l^ta* , !'/ fm'*' r'? ih* project
SpsrZ* **' *'* '?turned to th<ir
U. S. Government
Transactions
Sales.
Liberty 3 %e, 1947. ?546,00Q
do 1st (s, 1947
do 2d 4s, 1942_
do 1st 4Vis, 1947.t
do 2d 4?"8, 1942.*
do 3d 4*4*. 192S..
do 4th 4%s, 193S..
Vietory 4%s, 1923..
do 3%s. 1923.
.4,000
288,000
2 41,000
1,472,000
1.640,000
G,410,000
1.351,000
1,899,000
Quotations
Yield.
3.55
4.48
4.62
4.70
4.87
5.09
4.93
5.13
4.12
High.
Liberty 34?. 98.86
do 1st 4s. 92.64
do 2d 4s.
do 1st 4%s...
do 2d 4%s...
do 3d 4?is...
do 4th 4Vis...
Victory 494s.
91.26
9S.20
91.60
93.66
91.68
98.70
do 3%s.., 98.66
Low.
98.50
92,''8
91.00
92.90
91.20
93.50
91.24
98.50
98.50
Nat
Last. Chge.
?ig.80 -
92.28 ?.68
91.00 ?.82
92.90 +.12
91.20 ?.86
93.60 ?.10
91.44 ?.22
08.58
98.62
?;io
Liberty loans
SV?s, 1947.
1 1st 4s, 1947...
I 2d ,1s, 1942...
?1st 4143, 1947.,
2d 4%s, 1942..
;3d 4Us. 1928.,
1 4th 4 ??s, 1938,
i Vic 4 ?4s, 1923
Bid and Asked Quotations
Closing Closing
Yesterday.
98.80? 98.90
92.26Cfj> 92.40
91.00? 91.10
92.90? 92.98
91.40C?) 91.50
93.64? 93.60
91.40? 91.44
98.50? 98.60
do 3%s. 1923 98.50? 98.60
Pre-war issues :
2s resr. '30.100 ($100,i
2s coup. '30.100 ($100%
8s reg, '4G_ 89 ? 92
3s coup, "46. 89 fffi 92
4s reg, '26.105%<ffil06%
4s coup, '25.105%@106%
Pan, c. '36...
2s Pan. r, '36...
2s Pan, c. '38. ..
2s Pan, r, '38...
8s Pan, reg.
Ss Pan, coup....
Phil 4s, '34.
do 4s. '35_
do 4s. '36_
D Col 3s. 'C5....
Wednesday.
98.76? 98.90
92.52? 82.70
91.24? 91.30
92.78? 92.82
91.56? 91.60 !
93.64? 93.70 I
91.62? 91.66J
98.68? 98.70 !
98.70? 98.74.
Foreign Govt. and Municipal Bond*
(Interest To Be Added?
Bid. Asked.
Anglo-French Extern 5s, 1920.. 96ft 96%
Argentine Intern 5s, 1945. 70'':.< 7i.
Canada, Dom of, Notes. 192f.. 9S% 99
do 5s 1921. 98*? 98%
do 1926. 94% 95
do 1929. 96% 96%
do 1931. 91% 92
Chinese Gv Hu Kug Ry 5s, 1951 50% 51
Cuba Extern 5b, 1944.91% 92%
do Extern 5s, Ser A, 1949.. 84% 87
do Extern 4H>s, 19.10. . 75% 76^
Dominican Rep 5s, 1958.".? 86%
City o? Lyons 15-yr 6s, 1934.. . 92% 92%
City of Marseilles 15-yr 6s, 1934 92V? 92%
t City of Bordeaux 15-yr 6s, 1934 92% 92%
City of Paris 6s, 1921. 92% 92%
Jap Gov 4Vss, sterling In, 1925 78 78%
do 4Vjs, 2d series, 1925. 75% 76
do 4s, sterling loan, 1931... 62% 63
City of Tokio ?s, 1952. 59 61
? ? K G B & I 5-yr 5%s, 1921.. 95% 98
1 do 3-yr 5%s, 1922. 94% 95
1 do 10-yr B%s, 1629. 94% 95
do 20-yr 5Vs, 1937. 90 90V4
? Mex Extern strl 5s of '99, 1945 35 39%
do Extern gold 4s of '04, 1954 36% 37
(Sales)
?Anglo-French 5s .Tap 2d ser 4%
2.000. 9ti,*?
."06,000. 96% I
500. 96%
12.^00. 96?
4,000. HO' i
1,000. 96?
JOO. 9ff%
90%'
96 ?
nil
92%
92%
129,000.
50.000.
2,000.
15.000.
City of Bord ils
5.000.
City of Lyons 6s
5.000.
City of Mars 6s
7.000.
r..ooo.
6.000. 92%
City of Paris 6s
4,000. 92V,
City of Tokio 5s
1,000. 59s;
5.000-.. 59--0
Dom Can 5s 1921
6,000. 9S%
?i.uOO. 98%
do 1926
1,000. 94
do 1929
4.000.
do 1931
1.000. 91%
1,000. 91%!
4,000. 92 :
I.OOO. 9?%!
Jitl? 1st ser 4 V-s
12,000. 78U.!
5.000. 79
8.000. 78%?
10,000. 78Vi:
5,090. 76
11.000. 76Vi
5,1)00.76
4,000. 76%
4,000.76
do stlg loan 4s
3,000. 62%
K of Gt B & I
5%? 1921
o.OOO.95%
1,000. 96'
5.000. 95%
1,000. 96
1,000. 95%
1,000. 96
do 1922
4,000. 95
L00.000. 94%
S.000. ft?.
Uo 1929
2.000. 95%
l.uui?. 95%
1,000. 94%
1,000. 95
H.OOO. 94%
do 1937
16,000. 90%
I 1.000. 90%
1.000. 90
NYC 414s 1957
96V?? May
L^L^B 6.000.100
do November
100,000.100%
do 4%s 1963
8,000.100
1,000.100%
do 4%s 1964
1,000.'. 94
do 4%s 1967
3,000.100%
j Railway, Other Corporations
I Adams Exp 4s Cent Ga con 5s
2,000.57% 1,000. 87%
! Alleghy & W 4s * 5.000. 87
1.000. 73Vi Cent Pac 3%s
Am Ak Ch deb 5s 6,000. Sl%
2,000. 99 C R R of N J 5s
3.00O. 98%; 3,000.100
i Am Cot Oil 5s Ches & O con 5s
I 1,000. 88V-i "?.Mu .-93
. c ' ... . 72 10.000. 93%
Am ?Smelting 0s .. | do Tlg -. y*
1,000. 86
10,000. 85 Va
7,000. 85%
2,000. 85
Am T & T en 6s
3,000. 991?
10,000. 99 %
3,000. 99
1.000. 99 Vi
do col 5s
9,000. 82%
84%
1,000.
do cvt. 5h
32.000. 79
79%
79
79%
000
1,000...
2. OOO.,.
(Irj cvt 4V;-8 i
? 1,000.7_ 75% ,
9,000. 75%
5,000. 75% !
-1.000. 75
1,000. 75%
5,000. 751/, I
15,000. 75 " i
4.000. 75% I
do ften 41 '.s '
9.001.. 75 I
4,000. 74% !
I 2,000. 74%
B2%iC B & Q Joint 4s
A T A S F gen 4s 31,000. 95%
1,000.79 ! 10,000. f??%
,000
_,00o
4.000.
do col 4s
0,000.
1,000.
1.000.
Am W P s f 7s
2,000.
82
82%
82*.
7SV4
4,000_.. 78%;
do cvt 4s 1955
7.000.69%
do stamped
1,000. 71%
1.000. 70%
do Tran Sh L 4s
6.000. 76%
AU C L 1st con 4b
,000. 77%
20,000. 9:
50.000. 05
10,000. 95%
Chic & Erie 1st 5s
1,000. 81%
Chic Gt Western 4s
2,000. 56%
1,000. 56
8,000. 56%
1,000. 07
2.000.15%;C M A St, P cvt
1,000]_
do I, A N 4s
2,000. 71
1,000.70
1,000. 71
Bait A O tern 6s
1.O00. 90
?,000. 89 V? .
6,000. 89
2.O0O. 90%
do rjg 5a
2.000. 65%'
3,000. 65% i
1,000. ?514
5.0O0. 65 I
do cvt 4'"?
9,000.._ 61%
10.000. 61 ?
'.,000. ?1%
12.000. 6i%;
21.000. 62
9,000. 61%!
3,000. ?2 j
d?, Hold 4s
1.000. 64 %i
r, 000. 65
2.000. 65 ?A
2.0O0. 66 t
3.000. 65%
do pr lier. 3%?
7.0or>. 82%
5.000. 83
v. 000. 82 >A
6.000. 82%
do Swn 3%?
66%
66%
66%
series B
17,000
.",,000
1,000_
O.OoO. 66%
1,000. 66%
do ?ren 4%s
5.000. 77%
do cvt 1 %??
1.000. 67%
1,000. 67%
l,00:i. 68
9,000. 67%
16,000. f,8
5.000. 67%
1,000. 68
do 4b 1925
5.000 . 72'A
2,000.n%
do d-b 4? 1934
7,000. 61%
do F.H C A L S d:v
1.00). 9C%
do 6s C A P W d'v
9,000. 97%
do C i* M & P Sd
1.000. 64
C A Nwn gen tu
1,000. 07 %
4,000. 97%
18,000.
do (ten 4 s
5.0)0.
do 8%R
1,000
97'
.8
i?.??::::.. li%\cn f&p
%
5,000
1.000
1,000
1.000
74%
74%
74%
do P L E A W
Va 4?
2,000.
4.000.
Beech Creek 4n
4.000.
Beth Stl p m 5?
1,000. 85%
?iklyn Rap Tr 7?
1,000. 45%
Bklvn Un ?!*v 6?
58
57%
82 %j
1,000.
do rig 4n
6,000.
gen 4s
\'X. M*j 6.000.. 68%
J'J?K. ?ilA 1.000. 82%
W'i-'.l'.J**4 C A W Ind 4?
1,000. 60
Chili Copper 8s
10,000. 80%
1,000. ?0
12,000. 80%
32,000. 80
1,000. 797
10,000. K0
C C C A. S L gen 4?
2,000.63%
, *,.. ?~? -- , 10,000. 63%
2,000...... ?2%|Col& 80 4%?
?to r.taniped 5,000., 74M
1.000. ?3 I J2 000. 78%
hurt K & P 4'/it? I 2,000. 73%
2.000. S3 '/it 2,000.74%
Bush Term Bldg M JCon ties cvt 6?
1,000. 80%; 2,000. 99%
Bua.i Titra ron 6? Del Ac If e.j 4%a
??000. 80 I 1.O00. 96%
Cal Oa* * El 5* ' do cvt U
10,000.89% 5,000. 85%
Cf nt of ',* ?ty 6?
5,000. 'y.
do
2,000. 85
ri?? 4?
2,000.UO
ond Market
72%
40%
40%
40%
8s
Den & R G con 4s
. 3,000. 66%
do 4%s *"
2.000..
do rftr Es
1,000.46
25.000.4514
Erie prior lien 4a
, 5,000.G2U.
do gen Hen 4s
3.000.
1.000.
3,000.
2,000.
2.000.
do ovt 4s ser B
. 3.000.85%
do cvt 4s ser D
^ 13,000. 38
ETV&GconBs
1.000.90%
Georgia Pao 6s
? , 7.000.99%
Hud & M rf* 6a
2.000.69%
2.000.59?
2.000.69%
. 3.000.59*
do tnc us
. . 3,000.15%
Illinois Cent 5%s
4,000...... 92-Vi
. 2.000. 92%*
do rftr is
22,000.1\u.
10,000.75
6,000..7414
Indiana Steel 5s
4.000.92%
. 4 1.000.92
Interboro-Met 4Vs
1,000.._"17s/
50.000. 18
do ctfs of depos
10,000. 17%
IntRTrfg5s
16.000. 03
7.001.'. 52%
9,000. 52%
Int Mer Mar 6s
7,000.P4
S.OOO .04U
9.000. 94
s.oco*. 34%
Iowa Central 5s
5,000. 69%
2.O00.71
do 4s
2,000. 40
1,000. 41
K C Ft S & M <g
1.000. 68
Kun City So 8s
12,000.57%
do 5b
1.000.
LaUe Sh 4s 1928
5,000. 87
do 4s 1931
?.000. 82%
o.OOO. .... 8P.?4
2,000_
Lehisrh Val 63
1,000....
1,000....
Lex & East 5a
2.00n...
1,000_
2,000_
Liggett & M
3.000.109
Long Island rftr 4s
1.000.69
L & N unified 4s
16,000. 82%
2,005.88%
do So Ry joint 4s
8.000. 64^4
Mich Cent deb 4s
1.000. 81
Midland Term 5s
1,000...... to
Midvale Steel 5s
1,000_ . 85
1,000.84%
14,000. 641.'.
M K ?t T 1st 4s
2,000. 60
1,000. 60%
8,000. 60 "
Mo Pac ?en 4s
1,000. 56%
1,000.56%
1,000. 57
Mobile & Ohio 4s
St I, & Cairo div
8.00-J. 74%
Montana Pwr 5s
1.000. 85%
12,000. 85
5,000. 84%
Mor tk Essex 3%s '
2,000.f 70
N Ch & St L 6s
2,000. 94%
KOT4 Mex 5s
24.000.65
N Y Air Brake 6s
1.000...... 99%
N Y Cent deb 6s
12.000. 92
1,000. 92%
MOO. 92
4.000. 91%
92
73%
: 8*
.100%
.100%
. 86T5,
77%
68%
68
l.OOO
do rfg 4%s
1,000...
do con 4 s
19,000...
do rfc 3%s
6,000...
N Y C & St L 1st 4s
1.000. 80
do deb 4s
2,000. 69
do registered
1.000. 65
N Y Con Rwys 4%s
9.000.78
1.000. 77
N Y N H & H 6s
6.000. 71
N Y Rye adj 5s
fi.Ono.
15,000.
do ctfs of dcpos
15.000.
N Y Tel deb 6s
5,000. 96V
13,000. 96
do 4\is
X.000. f=0%
5,000.80%
Niagara F P 5s
1,000. 92%
Norf So 5s wr A
1.000.64%
Norf & W cvt ??
10,000.103%
do con 4s
2,000. 78
4,0<-n.78%
10,000.78
Nor Sutes Pr 5s
1A.000. 84%
1,000.84
m
7 ri
North Pac 4%s
a 10.000.81%
do 4s
12.000.4 77
6,000.76%
18.000.76?
. 2.000.76^
do 3s
_. 25.000.56
Ontario Tran 6s
1.000. 75
Or? Short Line 4a
1.000.83%
1.000. 83
Ore-W R R & NL4s
5.000.%
1,000.70i%
Peon 5s 1968
1.000.91%
. 11.000.91
4,000.91%
15.000.911?
do con 4%s
4,000.7....
1.000.
1,000.
2.000.
do gen 4%s
4,000.?....
1,000.
Pub Serv of N J 5s
5,000.66
Reading gen 4s
5,000.80
Rep I & Stl 5s
8.000. 95
Rio G W 1st 4s
1.000.65
R I Ark & L 4%s
8.000.. 62
St L T M & S 4s
2,000.74%
St L & S F gen 6s
4,000.102
do 4s ser A
2,000.58
3,000. 57%
1.000. 57%
5.000. 53
do 5s sev B
36.000. 70
-. do adj 6s
2,000.60%
22,000.60%
do ino 6s
7,000. 43
7.000. 42%
6,000.42
1.000. 41%
St L S-wri 1st 4s
20,000.63%
2,000.64%
Seab Air L 4s stpd
4,000. 60%
do rfg 4s
8.000.49
2,000. -<9%
18.000. 49
4,000. 48
1,000. 48%
do adj r>s
1,000. 38%
6.000,.38%
14,000.38%
1.000. 38
2,000.88%
So Pac cvt 5s
10,000.102%
1,000.103
do cvt 4s
5.000. SI ,
e 1,000. 81>A
14,000. 81
20.000. 80%
5.000. 81%
1,000. SI
do col 4s
3.O00. 71
do rfg s
?1.1-00. 78%
?14,000. 78%
15,000....... 78%
1.000. 78%
25.000. 78%
Southen Ry 5s
2,000. 85S?
1.000.
do 4s
5.000.
S3.000.
1,000.
6,000.
Texas Co cvt 6e
0,000.103
Tex & Pac 1st 5s
1.000. So
T St L * W 4s
4.000. 46%
Union Pacifia 6s
1,000.102
do 1st 4s
8,000. 83%
do cvt 4s
1.000.86%
do rftr 4s
6,000. 78%
? Rd of S F 4s
ctfs of depos
, 4,000.28%
if S Realty & I 5ft
2.000.81%
7.000. 81
2.000. 80%
9,000. 81
10,000. 80%
U S Rubber 7s
M0 000.102%
do 5s
2.O0?1. 87%
6.00O. R7%
5.0?M). S7%
*\000. 87%
5.fi0fl. 57%
9,00u. 87
4.?00. 87%
U S Smelting 6s
4.000.104
U S Steel s f 5s
3.0?.0.99
3,000. 99U
4 ono. 99%
1,000. 99%
n.000. 99%
2.000. 99%
1.00.1. 99
4.000.t.9%
lo.nrir?. 99
2 000. 99%
Utah Pwr & I, 3s
1.000. 84%
Wabash lut 5s
2.000.
do 2d r.s
2.000.
West Pacific 5?
1.000.
West Shnrs 4s
1,000.
1,000.
Wilson Co 1st 6?
1.000.
do cvt ?s
4.000_V.
8,000. 95%
5.000. 95%
15.000. 95
5.000. 95%
S5%
60%
60
60%;
60
88% '
80%
84%
73%
?8
95%
Financial Items
Charles H. Remington, vice-president
of th? Aetna Life Insurance Company, as?
sistant treasurer of the Aetna Casualty
and Surety Company and troasurer of the
Automobile Insurant*" Company, has been
?lectori a member of the advisory board
of the Maiden Lane branch of the Metro?
politan Bank.
Edward W. Russell, credit manager of
tho Franklin Trust Company, has been
appointed assistant n?cretury of that in?
stitution.
The firm of King, Farnum S-. Co. has
changed its name to Farnum. Winter A,
Co. personnel of co-partnership is un?
changed.
The Liberty National Bank has been
appointed co-registrar with the State
Street Tru?t Company of Boston of the
capital stock of the Atvnrado Mining and
Milling Company.
W. A. B. Ditto has been appointed as?
sistant cashier of the Seaboard National
Bunk.
Normo? B. Oliver and H. M. Day have
been elected directors of the, Tobacco Prod?
ucts Corporation.
The J. C8. Penney Company reports sale?
for December of ?S,'?04.18f?, compared with
|?,t2s,34U for the corresponding month of
1918.
At tho organization meeting of the
board of directors of the New York Title
&? Mortgage Co.. the office? were re
elected. Retiring directors were also re
elected.
Henry C. Holt, assistant treasurer of the
Forty-second Street branch of the Central
Union Trust Company, has been elected a
vice-president of that Institution, succeed?
ing Francis Hyde. Sumuel A. Brown.
Charles E. Slgler and Charles J. Fufrell
have been elected assistant secretaries and
Robert C. Roetger was appointed an assis?
tant treasurer.
The Now York Trust Company has been
sppolnted a (rustes under an agreement
dated December SI. 1910. securing an issue
of ?30.000,000 gold debentures of the Cities
Service Company.
W. F. I.add & Co. of New York, and
Hayden. Miller ft Co.. of Cleveland, are
forming a ?yndlaat? to underwrite 87,920
shares of the common stock of the Olldden
Company.
J. (?. Wtdmer, of Llgg?tt & Myors Com?
pany, has been elected a director of tho
Union Exchange National Bank.
The Imperial Oil Company. Ltd., is of?
fering 200,000 ?hares of unissued ?took at
I7& a ?hare In proportion of one new ?hum
for every six held, By the new plan capital
of the oonipauy Is increased from ??(0,000,
?00 to ?an,000,000.
At a special meeting of the Phillips
Petroleum Company stockholders approved
the Increase In authorised capita) from
356,600 shares, no par valu?, to 1.000,000
share?, no par. Following this action di?
rectors voted to Issus|256,S00 shares of ad?
ditional authorised stock to b? distributed
to stockholders, ?hare for ?hare. The
fJuararity Trust Company will mall to eaoh
stockholder of record on February 3 on?
el.iir. ud'fltionMl stock for eaoh share
owned und of record on that dato.
Investment
Information
In this department The Tribune will
throw the light of euch information
a* it at its command on the invest?
ment problems of its readers. The
utmost care is used in the compila?
tion and presentation of such in?
formation and we believe it to be de?
pendable. But we wish especially to
emphasize to cur readers the fact
that new developments of such im?
portance as to greatly chano* the
etatus of a ?ecurity are constantly
taking place. Therefore, as a matter
?/ eelf-protection, the investor should
make it a point to keep in close touch
with the affair? of the companies
whose securities he has purchased
and with general developments bear?
ing upon the value of such securities.
Constant watchfulness is the best
safeguard the investor can possibly
Questions of general interest to
investors will be answered in this
column, m which, case only initials
tot? be used. Others will be an?
ew er ed by mail. Addrese all in?
quiries, inclosing a stamped, ad
m?**2r ,envel?Pe to Financial Editor,
The Tribune, lSi Nassau Street, New
York City.
A Costly Railroad
aMm? Uon"7P0 -X?u think there is ??y Prob
R?l ? ? -ithe A? York' Westchester A
New YnSf MBd ?einB ?eParated 'rom the
wew-iork. New Haven & Hartford, bo that
the guarantee of the latter road to pay the
Principal and interest on the first mortage
?,-'" fe?1* bonds of the former would be
eerniV*-.-16 ? Lut'derstand the road is not
a??,,nCi, f?C! c!,BrKes- Would you con
V. W a fair "Peculation 7~E.
Answer?We do not think it probable
that the New York, Westchester &
Boston Railroad will be separated from
the New Haven in the near future. The
latter road has always had to meet in?
terest charges, and in some years more
than that, for, during many yearB,
the Westchester company did not
earn operating expenses. The road
cost too much money to be profitable.
If the New Haven guarantee is not
carried out we imagine the road would
have b hard time of it.
Tonopah Divide
Question?I have some shares of Tonopah
Divide at ?round $4, which up to the present
has declared no dividends, while Tonopah
Belmont and Tonopah Mining are both still
quoted at about $2.50, or $1.50 lower than
the Tonopah Divide, in spite of the fact
that those two companies have made their
dividends and also have approximately an
equivalent amount of capital stock at same
shore value of $1. Kindly enlighten me
what is the reason of high value of the Dl.
vide compare?! with the other two and also
inform me regarding the possibility of divi?
dends -?in the near future, as well as the
prospect for the Tonopah Divide.?-T. H.
Answer?Both Tonopah Belmont and
Tonopah Mining are producing prop?
erties paying dividends out of current
earnings, which also furnish a basis
for quotations of shares in those Re?
spective companies. Tonopah Divide is
selling at a high price because the com?
pany is said to have ore in sight to
the estimated value of $9,000,000. Until
the middle of last November the com?
pany for several months liad been un?
able to operate on account of labor
troubles. ?It did not therefore have
any earnings out of which to pay divi?
dends. No report on earnings since
the resumption of active work in the ?
mines has been made public a? yet.
Philip Morris
Question?Will you please advi.se me as to i
what you think of the future of Philip Mor- !
ris on the curb ? I have 200 shares and am j
anxious, because I have had them since laat !
June.-?W. A. B.
Answer?It is difficult to express an ?
opinion on securities where the com- i
panies do not issue reports of earnings.
Philip Morris has a capital of $2,000,
000, The old company earned an aver- '
age of $200,000 annually for the seven ;
years preceding the passing of controlj
to the Tobacco Products Company, and |
in 1918 earned $271,000 before Federal ;
taxes. The stock appears to offer spec- i
ulative possibilities, but it should not, ;
in our opinion, bo regarded as an in- ?
vestment security.
Lightning Rim Corporation
Question?Will you kindly give me what
data you can on Lightning Rim Corpora- ,
tionT Is it n good stock to invest in for a
man of moderate means??C. J. D.
Answer?This stock is not an invest- !
ment at all. It is being sold on the ?
prospect that the demand for a rim to !
which an automobile tire can be at- j
tached with considerable rapidity will !
become f<o large as to enable the com- |
pany to pay dividends on $2,500,000 of i
capital stocli, being sold at $10 a share, i
its par value. The company is said to !
, have made arrangements with the |
', Frankfort Machine Company, of Phila- |
I delphia, for the manufacture of the j
? rim?, and is also offering state rights i
; for the distribution of the product.
For a Constant Reader
Question Will you he good enough to tell i
'? me the value of Ohio Cities Gas, Colorado !
I Fuel and Iron. Inspiration Copper and Union '
i Pacific on January 2, 1919, and also give
' the addressee of the treasurers of the above |
. companies?--H. J. T.
Answer ? On January 2, 1915?, the
' high and low prices of tho stocks you
mention were as follows: Ohio Cities
Gb?, high 44%, low 4:i%; Colorado
Fuel high 37. low 36%; Inspiration
Copper, high 4(3%, low 45%; Union Pa?
cific high 127%, lov 128%. The names
and addresses of the treasurers of
these companies are in the above or?
der as follow?: F. S. Heath, Columbus,
?Ohio; .1. A. Writer. Denver; J- W.
' Allen, 42 Broadway, New York; F. V. S.
Crosby, 165 Broadway, New York.
A Merc Speculation
Question?Can you give me any informa?
tion on the following companies: Alaska
British Columbia Metals Company, which
has for several years risen to 5- :? ?hare,
only to fall hack again Y Can you tell me
whyT This is a Curb slock Butte Copper
and 7Ar\r. T own 5,000 share? of the former
and 300 of tho latter. Naturally, I am
deeply interested.-T. M.
Answer ?- Alaska-British Columbia
Met?is sold at $2 a share when specula?
tion was rife, and the public was eager
? to buy anything. We do not know any
other reason why it went up. Tho
stock is a mere speculation. If the
market becomes actively bullish maybe
it will start up again. Butte Copper
and Zinc has been affected by the de?
pressed condition of the copper trade.
The company is said to be in a good
cush position, and if copper shows a
tendency to rise appreciably this stock
should benefit.
-
Fortune Well Invested
Question?Have five $100 Liberty bonds,
bought as they came along I the extent of my
fortune). Would you advise selling the first
bond 3Vi Per cent for one of higher inter?
est 7 Could the five bond? be converted into
one bond of some kind that would bring in
a HtUe morel?E. T. W.
Answer?Liberty 3% per centr bonds
may no longer be converted. As long
as your income is euch that the tax
exempt 3M> per cent bonds are of no
particular benefit to you, it would ap?
pear profitable if you Bold them and
purchased one of the later issues. You
would do well to keep your United
States government bonds. There is
nothing better.
Four full columns of invest?
ment questions and answers
are published in The Tribune
every Sunday
Sharp Rally in
Curb Oils After
Early Weakness j
-
Strength of Phillips Petro-I
leum, Following the An-I
nouncement of 100%
Stock Dividend, a Feature
The selling movement in the oils on
the Curb appeared to have spent its
force yesterday. At any rate, after
early weakness, recoveries set in in
the case of several of the issues which
have been under greatest pressure this
week.
Simms Petroleum, after breaking to j
48, rallied to a fraction above 51, while I
Gilliland Oil dropped to 43, but closed j
at 48. White Oil was off a point at 37.
There was heavy trading in all of these j
issues, but selling orders were pretty ;
well offset by a more active demand.;
Professionals were also more wary
about pounding these stocks by' reason
of the.extended decline, and when they
showed signs of coming back there was
considerable short covering.
Although there were transactions re?
corded in Imperial Oil, much interest
was manifested in the announcement
from Montreal of the offering of 20O -
000 shares (par value $25) of unissued
stock at $75 a share, in the proportion
of one share of the old for six. shares
of the new. This increased the capital
from $30,000,000 to $35,000,000. This
company is controlled by Standard Oil
interests'.
Phillips Petroleum was strong around
85, on the announcement of a 100 per
cent stock dividend. Tho company is
increasing its capitalization from 255,
000 shares of no par value to 1,000,000
shares and issuing 255,000 shares of
the new stock, which will be distrib?
uted to the present stockholders share
for share.
Industrial stocks on the Curb did not
do much, mainly about holding their j
own on fairly active trading.
Industrials
Sales. Open. High. Low. Last.
1800 ?Acme Coal... 1% 1% 1% lsi
2000 ?Aetna Explos. S 8 8 8
100 Air Reduction. 48 48 48 48
400 "Alum Mffr.... "37% 37% 37% 37%
5700 Am Safe Razor 16% 16% 16% 1634
1100 ?Amal Tire Co. 15% 16 15% 15%
100 *Austin-Nic pf. 92 92 92 92'
700 ?Br-Atn Chem.. 9% 9% 9 9%
200 ?Car Lt & Pwr 2% ?2% 2%, 2%
100*Edm & Jones.. 32% 32% 32% 32%
4000 ?Gen Asphalt..lili 119 115 118%
100 ?Gen M deb 7s. 92 92 92 92 j
6000 ?Gen Motor w i 33 33% 32 32%
3000 ?Goldvvyn Pict. 33 33 33 33
1000 Grape-Ola. 1% 1% 1% 1%
S00 do pf. 1% 1% 1% 1% !
100 ?Hanes Knit... 25% 25% 25% 25%
300 ?Havana Tob.. 2% 2% 2Vi 2%'
100 ?do pf. 11% 11% 11% 11% ;
50 ?Hoyden Chem. 5 5 5 i>"
31)00 Hupp Mot Car. 15% 16 15% 16
500 Indian Packing 17% 18 17% 17%
1500 ?Kay Co Gas.. 2% 2% 2 2
2100 ?Lake Tor Boat 3% 3% 3% 3%
2800 ?Locomob n wl 25 25 24% 25
4500 Marconi of Am 6 6 5% 6
100 ?Mercer Motors 33 33% 33 33%
1200 Mont Ward.... 38% 40 38% 39V.
3000 N A P & P... 6 6% 6 ri "
600 ?Nunnally C'dy21% 22 2lt? 21%
100 ?Patch-Ply w i. 41 41 41 41
2K00 Perfec Tire.... 3% 3% a% 3%
J500*Pyrene Mfg... 12% 12% 12% 12%
2100 ?Radio Co w i. 2% 2% 2% 2%
2500 ?do pr. 5% 5% 4% 5 j
2500 ?Repub Rubber 5% 6% 4% 5
100 ?Robert Reiss. 28 28 26 26
200 ?Root & Vand. 02% 52% 52 52 !
1200 ?Snows Fount. 12 12% 12 12%
400 ?Spicer Mfii...l09 100 109 109 I
500 * do pr.112 112 112 112 j
2000 Submarin Boat. 15% 15% 15 15%
100 ?T C & F Prod. 48 48 48 48
200 ?Tillotson Mfgr. 25 25 25 25
1700 ?Un Pic P Cp. 17 18 1? 17
1200 tin Profit Sh.. 2% 2% 2% 2%
3000 ?Un Ret S C'dy 16% 17 lfr% 16%
300 U S Distrib... 51 51 50 51
300 *U S H Sp Too 29% 30% 29% 30
1500 ?U S Steam Co 3% 3% 3% 3%
800? U S Transprt 10% 11% 10% 11%
1000 Uzold Tire Cp. 4 4% 4 4%
100 ?Vand St rts. . 2 2 2 2
10600 Wayne Coal... 4% 5 4% 5
100 Will & Bau Co 30 30 30 30
200 William Davies 49 III 49 49
Standard Oils
700 ?Anglo-Am Oil. 29% 30 29% 29%
10 ?South Penn O. ? 340 340 340
70 ?Stan O of N Y ? 450 445 447
10 ?Vacuum Oil... -- 428 428 428
Other Oils
2900 "Alliance O&R. 16 16% 16 16%
10000 ?Allied Oil.... ?? tl \i %
500 ?Amain: Royal.. Vs % % ?%
900 tAnna Bell Wyo 69 70 69 ?0
700 ?Associated Oil. 2 2 l?4 ,'.%
3200 ?Ark Nat Gas.. 31% 35 31% 33%
1200 ?Bell Pet. 2% 2% 2% 2%
3100 ?Boone Oil_ 6% 6% 6% 6%
1000 ?Boat-Mex Oil. 2% 2% 2% 2%
18000 ????Bost-Wyo Oil 1% 1% 1% ?A
300 ?Brazos Oil Cp 21 22 21 22
3074Carib Synd... 42 43% 41% 42
300 ?Circle Oil_ 4% 4% 4% 1%
2532 '-Columbia Em. 19 20 19 19%
1500'Cosden & Co.. 9% 9% 8% 9
1000 ?Gushing Pet.. 2% 2% 2%' 2%
40000 ?Dominion Oil. 33 33 24% 26%
1(100 ?Dunuesne Oil. 9 9 8% 8%
4<i00 Engineers Pet.. 1 ',? 1% 1% 'l%
1100*Ertel Oil. 2% 2% 2% 2%
500 ?tEsmerald Oil % % % U
2000 ?Federal Oil... 4 4 3'.2 3%
500 Fensland Oil.. 6% 6% 6% 6%
800O ?Gilliland Oil.*. 48 48 43 48
1500 ?do pf.101 101 98 % 100
3400 ?Glenrock Oil.. 3% 3% 3% 3%
C80II ?GutTey-Gilles.. 35% 35% 81 3'4'A
4000 ?H O R of Tex 6% 6% 6 6
1200 tH Pet of Den. 30 31 30 31
2200'Hudson Oil... % % % %
200 ?Huglins Pet. .. 10 10 10 m
1500 ?Internat Pet.. 69 69 67 6?
2700 ?Invincible Oil. 36 36 35% 35%
900 ?Island O it Tr 6 G 5% 5%
4001. ?Kinn Pet Cp.. 2% 2% 2% 2'-,
170oMugna O&R. 7% 7T's 7% 7 %
2X0(1 Manhattan Oil. .".7 37 3? 36%
2500 ?Mar-acamo Oil 23% 23% 2194 22'%
1000 ?Merritt Oil... 19% 19% 19% 19%
2500*Metex Pet. 4% 4% 4% 4%
1200 Met Petroleum 3% 3% 3% 3%
3000 Mex Oil Corp.. 3% 4 :*,% 4
2500 ?Midwest Rcf. .159 165 159 16S
200 ?Nat. Oil .ft R. 8 8 S 8
375 ?N E Fuel Oil. 80 82 80 82
1000 No Amer Oil.. 4% 4% 4% 4%
10000 ?Ohio . Ranger. 1% 1 ???, 1 % 1%
1000 Om O Se G new 7% 7% 7% 7%
300 ?Pav. Pro & R. 24 24 23 23
i 600 ?Pan Pctpr... 00 90 87 S7
S00?PennoV; Oil... 8% 8% 814 8%
> 3500 ?Phillips Pet .. 85 86% 85 85%
! 2000 ?Producers & R 9% 9<ki 9'.. 9%
600 ?Red Rock Oil. 1% . 1 % 1% 1%
300 ?Rickard Tex C 1% 1% 1% 1 %
: 1000 ?Ryan Pet._ 4 4 3% 4
tiOOSalt Cr Cons O 21% 21 % 21 21%
: 1500 tSalt Cr Prod. 51% 51% 48 49%
! 2000 Stvju'ah O & R A 'j A %
i 3800 ?Skelly Oil ... 11% 11% 11%. 11%
? 17000 ?Simms Pet ... 50'i 52% 46 51
8000 ?do rts. 3% 3% 1 2%
300 ?S Oil & Trsns 6% 6% 6% 6%
300 So States C Cp 1% 1% 1% 1%
1500 Spencer Pet Cp 18% 19 18% 19
2500 ?Stanton Oil.. . % % % %
300 ?Superior Oil.. 16 16% 16 16
500 ?Texan? oil... A A A A
501) ?Tex-Ken Oil.. 3% 8$ 3% 3%
100*Tex-P C & O.101 101 101 101
800 'JVx-Ran P & R 1% 1% 1% 1 %
11200 ?Texon Oil ?ft L 1% 1% 1 1%
2000 ?Thraman Oil.. 2% 2% 2 2%
1 600 ?Trinity Oil. - - % % 5? ??
1340O ?Tin Texas Pete 1% 1% 1-ft 1%
200 ?Vulcan Oil .. 7% 7% 7% 7%
, 1100 ?Victoria OU.. 1% 1% 1% 1%
200 ?Wh E O & R 23% 23% 23% 23%
40000 ?White Oil .... 38 39% 36 37
, 4200 ??Wyo Cons Oil 35 40 35 39
Mining
' 270(1 Alaska-Br 0 M. Ji 1 U Jl
?On Am Hond M... ?% 2 1 vs 2
I 200 ?America Mines 1A It? 1A l.A
1 26500 ?Am Tin & T.. % A A %
? 2500 ?Arizona Silver 4% 5 4% 4%
i 7500 ?tAt.lanta. 2% 2% 2 2
8500 ?tBelch D (ap) 20 20 15 lb
2400 ?tBelch E ( ap) 34 34 82 33
3000 ?+Booth. 5% 5% G% 5%
6800 tBost ?ft Mont. 74 74 73 74
< 4700*tCaledonia... 42 42 39 40
i 500 Canada Copper JA 1A 1% 1%
I 3200 ?Candelaria Sil. % % % %
850 ?Carson Hill G 38 38 37% 37%
7000 ?TCashboy. 7% 7% 7 7%
2000 Cons Copperm. 4% 4% 4% 4%
275 ?Cons Vlr SIL. 8 8% 8 8%
! 600 Cresson Con O. 2% 2% 2% 2%
100 ?Davis Daly... 18% 13% 13% 13%
12400 ?Divide Extsn.. 11 % %
700 El Salvador Sil 3% 8% 3% ?Oj
6500 ?Eureka Cr M. 1% Mi 1 (? 1%
400 ?tEureks Holly 73 73 7J 71
, 1900 ?Fortv-nirip M. 1% 1% 1% I *?
I 9000 ?tOold Zone D. 36 36 31 35
Assuring Future Income
YOU can provide now for an assured income for
your family or for yourself by setting aside cash or
securities under a trust agreement with this Company*
Under such an agreement?known as a voluntary trust
?tht Guaranty Trust Company of New York holds the
property and attends to its investment, reinvestment,
and the payment of income.
The advantage of a voluntary trust is that it relieves
you of all irksome details, risk, and responsibility, yet
permits you to take as great or as little interest in the
administration of the fund as you desire.
A person desiring to be freed from care and responsi?
bility, or contemplating the infirmities of age, may
create a trust for his own benefit.
Those who desire to be assured new that persons de?
pendent upon them for support are provided for, may
make trusts for the protection of such persons imme?
diately.
Those interested in deserving charities, by creating
trusts while living, may have the satisfaction of seeing
the results of their benevolence.
This Company acts as Trustee under the various forms
of voluntary trusts and in every fiduciary capacity.
Guaranty Trust Company of New York
140 Broadway
FIFTH AVENUE OFFICE MADISON AVENUE OFFICE
Fifth Aremue ?ml 43rd Street Madiaon Avenue end 60th Street
Capital and Surplus $50,000,000 Resources over $800,000,000
Sales. Open. HIkIl. Low. Last. :
1600 *Go!dea Gate.. 1% 1% IV* 1,-i'
,3.86 ?tGoldfield Cons 15 15 14 14
12500 *tGoldneld Dev 10V& \0\<, 10 10
3500 ?fGoldfield Mer 2% 2% 2V?t 2V?? ?
1000*tGreat Bend.. 2 2 2 2'
1300 Hecla Mining.. 4V? 4V? 4 4?? !
600 ?Iron Blossom. ?V ft A Ai
1000 *tJim Butler.. 23 23 22 23
1000 tJumbo Exten. 7 7 7 7
2'i00 ?tKewanas_ 2 2 2 2 !
1000 ?fKnox Divide. 14 14 1+ 14 '
500 La Rose, Ltd.. "? % % %
5000 Louisiana Cons r;8 % % % .
5000 *f MacN Cres M 30 30 29 29 i
20000 *:-MacNam Min 77 77 75 76
1700 *Ma?nia Chief. % % % %
7500 ?tMarsh Min.. 23 23 20 21
1500 Mason Valley.. 2Va 2% 2V? 2% j
800 Motherlode Cop 0 6 6 6
2200 Mur-M M, Ltd 76 76 75 76
700 ?Nat Tin Corp. 12% 13 13% 13
2000 ?Nevada Ophir. 32 33 32 33 !
300 Nipissing M Co 11% 11% 11% 11 %
400 Ophir Sil M Co 1 1% 1 1%
7400 Prince Con_ 1 lft 1 1% '
900 Hand Min. Ltd. 40 40 40 40
COOO tRcx Cons. 10 10 9% 9%
7800 Roper-Gr M Co % V4 ft V4
3O00 ??Seven Metals. % A % Vi i
3000 Silv King of A ,'? {-? % % :
2500 ?tSilver K Div. 7 7 7 7
1000 ?tSilver Pick.. 4 4 4 4
1200 Stan Silv Lead % % V4 %
3500 ?tStewart _18 18 18 18
1000 ?Suther Div... 3 S 3 3
2500 ?tSuecess Min.. t> C 6 6
500 ?Tcnopah Bel. 2Vs 2Va 2V4 2% I
7400 ?Tonopah Div. 3!a 3% 3% 3%
700 Tonopah Exten. 2% 2% 2% 2%
300 ?Tonopah Min. 2% 2% 2% 2% '
300 ?tU S Con Min SVa 8% 8V?- 8%
1000 ?f Vie D (a p).. 15 15 15 15
8200 fWest E Cons.. 2ft 2% 2 2ft
2500tWhite Caps M 11 11 10 10%
1000 vW C F.xt (a p) 2 2 2 2
lOOi'O tWilbert Min.. 7 7 7 7
700 ?Yukon G Alas 1 1 % % \
Bonds
Sale? (000 omitted). Open. High. Low. Last.
$26 Allied Pack 6s.. 85Mi 85V*. 84% 85M:
3 ?Am T & T, '22. P6% ??6% (??>% 965?
1 ?Am T & T. '24. 96>4 96% f?6Va 96..?
10 ?Cub Cane 7s wi.100 100 100 100
2S ?CCC&StL Cs, '29 88 88% 87V? 87'-1,
2 Cons Gas 7?_101 101 100 100
'-' ?Gvt of Swen fis. 96 96 96 96
2 ?Inter R T 7s... 73?; 73?? 73% 73??
1 Proc & Gab 79?.101 101 101 101'
15?Russ Gvt 5%s.. 28 28 26 26
2 ?Russ Gvt 6V?3.. 28 28 26 26
2 ?Russ G 6%% ctfs 26 26 26 26
2 ?Swiss Gvt 5V?e. 91% 91% 91% 91% I
"Unlisted. tSell cento per share.
Shoe Men in Committee
To Hunt Down Profiteers
Vigilance Board Will Be Offered
to Government to Stop
Price Raising
BOSTON, Jan, 15.?A vigilance com?
mittee, national in scope, to police the
retail shoe business as an aid to the
Department of Justice in running down
profiteers, will be offered to the gov?
ernment by the National Shoe Retail?
ers' Association, it was voted to-day.
The shoe, men, at the last session of
their annual convention, approved
unanimously the proposal of its reso?
lutions committee that it show in this
manner "a spirit of cooperation in?
stead ?f fight" in the government's ef?
forts to reduce the cost of shoes and
other commodities.
Chairman H. A. Rosenbach of the
committee, told the convention that
there had been requests from some
persons that the association "go on
record as being prepared to fight the
government because they wanted to
reduce costs," but their number was
small.
The plan proposed is to organize a
vigilance committee, with one man in
every state, preferably associated as
closely as possible with, or a member
of the various price fixing or fair price
committee, who will operate as the
vigilance officer of that state and who
will appoint, under him representative
shoo men throughout the state. Any
case of profiteering that may come to
notice will be directed to that vigi?
lance ottficer, and the National Shoe
i Retailers' Association of America will
j seek to "stamp out the man who prof
? iteers."
United Paperboard Earns 98
Cents a Share in Half Year
Net earnings before depreciation and
income of the United Paperboard Com?
pany for the six months ended Novem?
ber 29. 1910, were $165,807, equivalent
after preferred dividends to 98 cents
a share earned on the $12,000,000 com?
mon stock. Mill earnings amounted to
$266,752, from which expenses of $93,
242 were deducted, leaving a balance
of $171.510. After interest, etc. net
profiits wcro $118,492.
SO CLOSED
THE PAST YEAR
Sixth of a stries of Messages on the pre?
paredness of Albert Frank & Co. to meet the new
advertising demands of Finance and Business.
N RETROSPECT, each month of
1919 presents a period of unusual
advance in the rapid progress of
this Agency. Many new advertisers
entrusted us with their first
appropriations; most of our old
clients reached positions where in*
creased appropriations were confidently approved.
And the year's close showed a volume of business
more than double that of 1918.
Realizing the added responsibility this increased
business carried, we made many important additions
to our Service Staff.
We now welcome the opportunity of explaining
the thoroughness, the helpfulness, the practical
every ?day value of Selling Plans that embody much
more than intelligent advertising recommendations.
A conference without obligation may be arranged
anywhere to suit your convenience.
MORE THAN AN AGENCY SERVICE
Albert fRANic& Company
eST??USMtO 1ST*
Advertising
Twenty-Six Beater Strttt
jKevr'tfork Ci ty
Benjamin Franklin says:
"IV?ste neither time nor money, but make the best use of both."
IN harmonv with our policy of giving customers
as practically helpful service as possible and as a
furthe/ step in our policy of service, we have estab?
lished an
Industrial Department
Under the rnanagemrrst of Robert P. Albright
The purpose of this department is to furnish special
counsel and co-operation in business efficiency mat?
ters, to act as a clearing house for new ideas, .o
inspect plants or concerns and give them the bene?
fit of an outside and expert judgment, to make
audits, suggest layouts for. factory operation?in
short to serve as a general advisor in financial and
industrial matters.
Franklin Trun Company
Established 1888
New York O fices :
46 Wall" Street Madison Ave. 8c 40th Street
Brooklyn Offices :
166 Montague Street 569 Fulton Street
1001 Willabout Market
^^^^^^^^^^^^i^i^^^^^^^^'^^^^ir^^A*** 0 0 C 8 0 M +

New-York tribune. [volume], January 16, 1920, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], January 16, 1920, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924