New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 19, 1920, Image 13

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New-York tribune. [volume], January 19, 1920, Page 13, Image 13
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 19 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-01-19/ed-1/seq-13/>

Newspaper Page Text

?r
I Executor Trustee
I . Chartered 182:3
' The Farmers' Loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth. Avenue
At Forty-first Street
New York
London Paris
Foreign Exchange
3| Administrator Guardian
Member federal Reserve System and Now York Clearing House
I
I
i
We beg to announce a change
in our Ielephone Number to
7500 RECTOR
effective on and after January 19, 1920.
Miller Sc Company
Members A i a Yorl( StocJf Exchange
120 Broadway ^^| New Vork
STA
WKEKI.T r ~| ?VII I KR
SUMMARY ^** MAILED
ON TO
ITANPAKr? OIL : ISVKSTORS
ISSUES ON REQUEST
CARLH.PFORZHESM.ER & CO.
Tm.,1 i.j. ... UroEd *? tin?., au. N. X.
Shoe Makers (? el
Large Share o?
Price of fVoduet
tanners Also Are Paid Well
for Leather, So Demand
for Cheaper Footwear 1>
Hard to Meet, Dealer Says
Between a marked si ' ? work
ers and constantly
nr.ii material rof' . gethei with the
serious shortage of high-grade leatti :r,
.-?'hoe manufacturers, especially those
producing ^he higher gradea of foot?
wear, in which handwork is an impor?
tant, requisito, are confronted with a
serious problem. They recognize that
the general public is looking for a
decline in prices, but conditions ave de?
veloping daily that the cost of manu?
facturing shoes will advance further.
Tn discussing the situation, from the
viewpoint of the 1 ;. h-class factories,
thi president of one ?<"' the city's larg?
est custom bootm panics yes?
terday made soi ? compari?
sons of iabor ;.' : I costs n
befon -the-war di ? ? w. rTe de?
clared that it was the desire of ?hoe
men to gratify the < ? " ' ma of the
public in respect to lower-priced foot?
wear, but said that at present it was,
an impossit ilit;
Would Welcome Lower Trices
''To begin with," he said, "the natural
tendency of a n ufacturers is to
keep down the cost of producing their
{roods. Just after the armistice was
signed it was b -li- ved that the time
had arrived for pries in general to
take a dov. i -, People
were comph h that prices were too
high, and thi eved that witl the
war over a r< ti< wa loj ca ' and
"i order. We wanted - n I that con?
dition and Dot bo ii
selling i.wi -. advai : ng when
the genera it they
should ? coming d
"But leath - ha coi tinued to go un
STuCKHOLEDRS1 MEETINGS
SEABOARD NATIONAL BANK
a- ? ?
Mr th. .
f"
war . ? . . ., . .
:??'.
fcrauel G. Ban
Bob?,--. j. i ? ?
'?'?'?
- r,n
"- ?0: -
Btnntx :
At a nv r.g
h*!i this ...
ar.lrti', .
?
W. K r- ,
?? L. '?? jr.
L N I ; , ,
?- H .>. r. E. o
O M J " ? WA.!
DIVIDEND NOTIGES
Superior Oil Corporation
.?*'*?:. | ??
-
?run? ?
*?-'??. ? - ??
"' r?n, ? ? ..... .
W. rSEDKrUCK BUENDKB, Trea*.
;*?V H, mo
POETIC *r> O AS & COKE CO.
r^rtr?r?- POHTLA U Ol!]
***f*T'?K- ,. NO
'i?*?'"'-"' '?>'??
. - ' ,. i ? ?, ?
tit * r' '
? b>j? Ma ,
okoi ... :
.,,*,.. , ? mi on the rv-ferrt.1
II ?: EPItj .-.. rutar?
TWE TRKV-fOS (..,lTHUl/< CO.
'',"''? ? ? ' , :'>-?r>
At .
'?* mTmn* "
?>?,,./?.. ? ' . . . -? i,i n -
<*<.7 w?2*' '* ' ' ' ?. ? ' on
?..;,*?.; ..?,'.. I'. M?
?nau?}V ?us | ro roKi'OUATION
* rtM.. ' " '?''
**TCk l\%; " "?*'?"?; ;-/-*.- ....
^^1 " ??
in price every day, nrd that means all
varieties of leather entering into the
making of shoes. The cost of material,
however hn? not been our only diffi?
culty, for labor charges have kept pace
with the advance of materials. The
workmen employed in the making ol
high-class shoes arc not calling so
much for advances as those engaged
in the turning out of machine-made
shoes, but the high wages now de?
manded bj the latter typi of workmen
naturally has no little influence upon
the condition of the hand worker. !'
can hardly be expected that the skilled
hand shoemaker will be content with
his $35 or ?-10 a week wage when hi
? - that the machine man, whoso
?? i. : '. is eon par .' vel. limited, : - re
ceiving about $70 a week. As th<
w iges of the machine operator have
advanced, so has the labor cost of the
custom shoemakers gone, up, One re?
sult of this has been the more general
use of machinery by the higher ciar;
factories.
Soling Expensive Operation
''Not ? long ago the o? dina y ; ?
maker f?lt sat i tied with his $16 or $1.s
a week w age, but now he is rece ving
more than double that, and still he
not satisfied. Ten years ago we paid
v woj ' ? 80 ents for sewing a pai r
.' i" rs. Nov. this op?r?t on a Ion
ci ts $2.80. It co ' lis $6 ' u put sobs on
a pair of satin slipp rs. The lai r
a has n l ab '? .-?.
"Even at the pr?s e it high v, agi \
there an aj pr cial Le shorn ??
labor. We : e\ er had good . ho ? <
before the war, and now tin
is worse than it ever was. Tl
has denuded foreign countrii - of shoi
and many sho'emak rs who went ove
\:?'?? h ' ir army ; ive remained
"Going back to the c.osj of na.ti ?.::.'-?
ince ' he war . nings have increase '
over L'-'.j per cent, Russia leather <'?
percent and sole leather over 100 pei
cent. So you see why prices are mon
certain to advance rather iban decline.'
trovernment anil Municipal
Bonds
: I ?
in ?
7 : i
U S Liber ?
do it!.
do 2d :
do 1< :?
do 2d ? ??
Jo 3d r.,..
Week" 1 ?20
Cli . . I! ?,?,. 1 ow
?v.i.iiO 10 :?? ?
..?, ; (1
[?0 9 12 ?t't.S'i
0 ' 00
01.20 02 8G 91.1 1
. 83 12 9n 00 93.3 I
: : 103 d ?1th 4%. 91.20 03.00 91.1 ?
PI1.7 do !:'?:?. OS 52 90.10 08. ;
00 : ' do "",:? . OS n 90 I0 08 i ?
9 do lst-2n i 4Vis.. LOO 06 101.10 100. >t?
?? II s ?(?.,?> : ? . ? i ? i
: oc.'.'. i F . . !?' ' i
- fen?i e Gov "s . . . ' o% 73 ? ?".
ii Chin? . c i iv Rwy.5s 0 i 40
im City of B ir 6s. 92% 02' , '? '
20 City of 1 yons Os_ 92% ' 02 , :
' ( :??? ol Mai 6s. . . . 92% 93V- '?'-'? i
10 City of Pai O.. 92% 93 '":< ,
90 City of Tokio 5i r.O'? i ' ' .
Dom of Tu . :, 921. 07V. 08% 07-? .
! I do ? ? 19 ??.'il" !>? 92
!.l (?O . -, ; '.07% 07% 90
.1 I i 1031 . 01% 02
iG [mp Jnp ' ??'" I ' ? .. r8 2 'i t?
10 i di 2d ' r 4%a... .76 2 ' i%.
; : do 1? . 62% 'l 62%
i Rep ot Cu! a 5a 1004, 91 91 % 901
3 do 1% . 7i? 76 '. I \
IG7 UK of tiB?-l ?'?' ?s '21 90% : \ \i OH
? ?? 102.94% 0 ,
'ii do i
1 i; S i >h
6 N V C
17 <iu ' ' .
do -I
do '
>!,'?,? ? ?:
do 1 V-? a ' '?
?ayJ i l'nfl :
Nov. toi) ! I% 11
.: 0% ? '% !
.WOV_ H
du 4s ior. ...
do 4s
do 1s 1009...
.100% 100% ! '?.
-. ? ?
! ?I i
Railway ?nul Miscellaneous
7 Adams Exp col r la., H7% CS% 5H
5 Albany & Susn 3%s. -? 72% 72% 72' '.
1 Allegheny <S- Wes 4s.. 73% 73% 73%
;: \m An Chem 1st cvt 5s 00 00% OS
1! do deli P. .OS'.', li <> US' .
:?: Amer Cotton Oil 5s . . Rti< . 80 8G
112 Amor : mel is..>-'> 86! ? S?
20 Am Tel * TeJ cvt 1 %s S2% s 82
14 I do cvl 6s .' ?'.? 00% :?? '
66 do col Is .0% 80 77V?
107 do col ?? .
20 Arner Writ Papi -7 %
2 Ann Arboi Is.i3
68 Armo n .V (',, r ?.; i < ? , '? . ?.: ?
141 A T & ' an ! i ?en Is. ,S>.,
12 do ad.i I ?. 70 7?i..
: : do adj I tpd. ;n% ;\ ?
8 do cvt ?I ? 155. . ? ? ' :
I do 4s re? ....... .
1 - do Tr Sh f.in 4s. .. . . ni"
i. At & Cha A r.ine I '
27 At Cop.-,! i. 1; t con ??. 76">4 - 'i
30 do i. & Ni ol ??? !.,. . V i 72%
do ui i ; . "i1, ;.? 7s
? - Bait & Ohio 6 ..... 80
-, l do pr lie i ... f .SI
3 i do pr lii :i rfg ..... 65 % ' 8
47 do -.M '? . 05 i fu
15.1 do ,t 4 02% 06
t do Toi & C Is...... 51 :
: do I, i"1 i t: & \VV div 57^ I I
26 do 3' s S W di\ ...75 77%
Beech < i . : . ?..?:?.
5 B Ii -;- ext i . . 06 ? "??'?
32 do ref "i . SO
i.' [lo P M , . !' ... V'i
.. Bwnv & i Lh A . : ,i 5
1 B R T con .
1 do 4s.25
1 ! do Isl 7s . 10 4K%
L2 do V- ctfs. -ii ?'?
4 do 7s ctfs st.pd. i ' ',
7 B ti Eli -? 1 .621..'. 03
7 do : tr?d. 02 ' ::
4 Bu? Roch & Pitts 4V<.s. SI
1 Bur c R & N col i ,
0 Bii.ii Ti'in
?? do U :' dii : 5s _ Soi;
10 Cti Gi S !' 5a . . ?
? i ? ,<_ i,i.v ,;,.... -,
22 C <?.' G a Ilv : :
do c.
< ?? ? I i i pen is,
..- C.--;1-:-: ?
0 do Kid ?? ? . . .
cl Short ?-itu .... 70
: Cl ?...'. . .. i ?
22 Cli .vi? ii on is
,. ref 5 .
6 I ..? .???!
i : ; , ,-?. ? ........ 75
I ."It do r-.-r .
do 1st 4s R : \ d .
! Chic , - Mtori 2s._ 4SI
: ' ? -? .31 :
(? i- ,,,,,. ?, M
I do 4s 111 div.
do O'-'s 1?J ,li
301 do ; .'. ? '
: c o- : in ef & imp ' ?
7 Chic .v 1 i -....
22 Chi. i ? V ? Is. . ?:
I C Iml ? ?. ! I ? '' '' . '?
117 C M & SI Pc I 'is or B 01
, 15 do ?en 1 ? ser A. 69
, >
? ?
?
?; i
-, i .
61 '-,
7 i
: i '
i
ri :
Transactions in Listed Stocks
Continued fro >i Receding puge
Low. Div.
1920. Rate. Sales Open Hit-h
Jan 13 111/_ .Tun 13 7 Pnitcr! Cigar St pr.
.fart 14 141 Jan 2 7 United Drug .
.Ian 13 51% Jan 16 2>/p do 1st pr
Jan .5 191/a Jnn 17 10 United Fruit
Jan 10 ni/g -bin 7 - United Railway Inv
Jan 10 25% Jan 5 - do pi..'.
Jnn 3 84! 4 Jan 17 3 Un Ret Sinns Cl \
?'??n 3 2' Jan 14 US O I Pipe i [<\ .
Jan 9 30! n Jan 3 - USF.! nr,-A . . .
Jan 5 69/2 Jan 17 ? U S Pood Products.
Jan 8 104 Jan 14 8 PS Ind Alo.hol .
Jan 6 IO21/4 Jan 12 7 do pr.
Jan 14 44' ? Jan 2 U S Realty & Imp
.?!.n 5 1223-4 Jan 17 ? (j S Rubber. I48 0 1 4'_*12234*124/8
Jan 13 #113? a Jan 17 8 do 1st in-. ? . , |
Jan 3 71 Jan 12 6 ( S Smelting & Ref.
Juri 6 40%, Jan 14 3'/2 d,. pr. 200 I
Jan 5 104'/_ Jan 17 5 United Stales Steel..321100 107
Jaii 8 1133/4, Jan 2 7 <]? ,..,-.. . 0 1
?la 11 3 7434 -Jan 14 / L'tah Copper. 00 77
Jan 2 10 Jan 15 - I lah Securities Corp 2700
Jin 3 <?9?/_ Jan 17? Vanadium Steel . .. 5 100 54
Jan 5 65% Jan 17 ? Va-Car Chemical
Jan 7 110 Jnn 14 8 do pr.
.1 ,11 5 79 Jan 17 6 Virginia Iron C & C.
Jan 15 25 Jan 12 - Vulcan Detinning
Jan 5 87 Jan 12 7 1I0 pi.
Jan 2 7|/_ Jan 15 ?? Wabash .
?un 5 22/_ Jan 14? da pr A.
Jan 5 53 J;.n 12 Wells-Cargo Express
Jan 7 'i,'.i, Jnn 17 - Western Maryland, .
Jan 5 24 Jan 13 Western Pacific ....
Jan 7 59 Jan 2 4 d,> '?r.
Jan 9 86/_ Ja.? 17 7 Western Union Tel
Jan 8 116 Jan 14 7 Weatinghouse Air Br.
Jan 3 52 Jar? 1/ 4 Westinghouse Mftr. ..
Jan 5 11 % Jan 14 ? Wheeling & I. Prie
Jan 6 1/ Jan 1? ? do pr.
Jan 6 50 Jan 16 4 Whit? Motors .
J..n ', 25% Jan 17 1 Willys-Overland ....
Jan 5 90 Jan 16 7 do pr.
Jai* 5 74% Jan 1/ 5 Wilson Company
Jar-. 13 28 Jan 16 Y\ i con i'm < en! ral
Jan 9 I25/4 ?'?>" 14 3 Woolworth .
Jan 6 114! 2 Jan 13 / do pr.
Jan 2 87% Jan "4 Worth Bump & .VI...
Jnn 1 I 92 Jan 17 7 do pr A.
Jan 6 70 Jan I6 ? du pr IS...
?- dividend.
120_^ I
Sales. c'^ -. High !
; ' d . - n ,":- i i ? ? B .
i ? d sei ' .71
i;,! do -? : : - ...'.. B7V4
t; i du i f.: ? . ?' ? . ? \
:,:..:.'-"'?? ? ' .
do del . ' ? -,
lo 5 C & L S ?!'?? . V*. lit; 14
do -1 CM? P Sd div 64
C & P W div. 97% ! i 67V
do 1st ?a V\ > M div '?? . i . : .
.' C .'- Nwn r3 L029. . . . !if,V? :?? '?? ;?? i ?
40 do gen 5s.
I ??? n ' ? . 7S
" dn sen ?',! . >.'.-:. ? % . ? .
I , C K I & I' i en 4s. .. . 73"'B 7l ?
l'.''s di ref 4a. H ij. ?'. ?, ? .
: M ii O deb 5b. .81 87 V, '?
6 Ch U ?-.?'???. ?er A. 81%
? i ? . V\ Ind Is... . ???.- ?
4 . Cli le ? ' per cvt 7s . . lOi % IO^vb V
315 do r, .
? ? ( ? i ' i ,-. ?? L Ken ?'?-'.
? ? ? ?? r
Col Fi ?en
" Col Im . 7?.'
fi Col & i la..... ?->?'?_
2S do ref 4 '-?s.
Ce ?: . ? m 5s . . -'.-'
. Comp- ['ab 1- .' ';- ? ? ? ? ? ? '?
LO Con Gas cvt I .99 % '
. Da' Ion ,r Mich ''s , R1 -' 81
I ? . & Hud .-; ' ... i .!?''. m ? \
do cvl ?a.s ? ' ' ', -
do ref -Is.. .!
Di . X Mich ; ..8 RI 81
Den \ RioGi . ?? '
t?o i .... ? ?
(Ir, ' : : . . ? '., ' '".,
do con la. '? i ' ? ?
: -? Ed Co '?';: I 1940 ?
: D. Riv Tun 1 ? s. "-? .
I nil Rwys ? ???? . . . ?
1 I' V & G m 5s... ?? '4 ,
20 Erie prior lien 4s.:'. ?"'? " '
01 do Ken It n 4s. . . ,41 10 '
? i con v ! s ser A.... ! - '?'. '. '? .
'? <>???;,:' er B....
? ' i on.- I ? or I'?. . . . : -
.: do Penn col tr la.... 7 ?'?;. 1 ?"* . ' ' ;
I Gen Elec i'''1' ?a. '. : ?? :? .
: Ge, rgia Pac ls1 5-61. ? i '
36 Gt Northern 4*?s. SI , 8r,U s :
':? M k Val ' ' con 4 ' - ? .
2 ? Houa E & W Ti " l -? ??
80 HuiJ & M :"?-: :?-. ser A ? I ?
1 11 i!,) adj income fis.. . ; ? 16%
n m r, , .c r.Vi si- i. x
N i; j' 5a ser A.
61 lili oi Cen ref Is.,
.. do Is 1932.
1 do 4 . 1953.
10 Illinois St! deb 1%3. 52%
I : Ind SI -el 5s .
! ?'.i Int. r- Mi ' 1%:. 1 i
. ? ?? i ref 5s. . .
! Inter Agr ; . -
16 ? nr r Mer M? r .. f Rs 0 ?
? er Paper cvt 5s 1047 ?
.i ! len ' 5s. 7 > ?
22 do ref 4s . 11
! . In1 Viet l%a ctfs.. . .
11 le ? -an ? i l ar 4a i S
1 K i Citj i'; S & M 6a
\
' -i %
IS*.
: ? i Citj S uth ! * 3s. 50
25 do . . . 73
10 Kan Ci t; term i ' Is
Ki i ,v ? & Bes M 5s.. Ii
1 i . :. Steel 5 102 '.i
12 do is 1! 0. O.'!
: , ?' ' deh Is I02S ?'
deh 4s 1031.
Li ? eh Val con 4%i
is , . ? : '? .li'n
do i N Y 1
; . , ' Penn gen -Is. 71
' ! ? .. Ka ? '??. 5s. .
0 Li n : . My. rs 7 . . .1?
5 do 5s . -?
8 Lou : Island deh 5s 1937 li
31 do ref 4 . 00
do uni Is . . . li
aG ? oi ' h u )i i ;?
:' R Mi . m ji i '
do 4 L C & L div ' '
? !, dh . . . . 0
:: do ??. st i. .m.
15 Manhi I
, , . ......
-? h i r ? 10 ?
i M ?:. State Tel Lst .
-' liai I f N J
62 M & Ord , .
fil , ??.??. ? ? . .
'.: I. '? - ?- I
.!'?;'? '.Il- con If
lo K K 1st 5s. ..... 31
. ?I & <: on i i 1 '-<?? ctfa !
15 (1 ' ? I .
30 do 2.1 4? ...
11 do 2d 4 ci : -
! ; Mo Pi '?.?>.
Mi
: |]
!,i Is :5t L ci C d
. M t Pwi Co m:\ \ ?
VI ri C ? ; 1%
' N c .'. Si .. con ??
30 v-m Tul ? ' ?.'
11 N O Tern Is .
? . ? O 'I :. M inc ?"??
: N V Ail '??? c ? ?
107 N V C ,
12 .lo ? .- imp
2 do c n I .'
? do pi
do L Sh col tr ;?%s,
do M C c tr 3
x ;. ; - 4s '
5 d del, .?
1 ; N V C,,n Rw: - '? :
2 X y P. ck Co. i.
IT X Y O K T. !!.. !' .'< I 5s -
'. ? do . n m ,.-. I
I.ad; & W 4s. . . :
20 ', V Ml . I! r- i i ' -
' V O i VV 1st ref 4s
: \ v' ? (g 4s ctfs. . .
30 tin ' ? . ?
:? ? i . ??? ' ? .
3 d i ndj 5a ctfa.
ION Y Tel fis
00 d . pen "
20 ??-: V VV a B ?' ?.
N'iaftara t\t .? Pw
? ?: 1. ' O '.'
i' N, p So 5s er A. ..
" ?? r ? W cvi Gs_ fi
:?? do .- n 4 ...
I do divl la.
P ( . < ? .i v. . '
N ? Pac : i. ..
?n
. | ? i:nn
\-ven Sin ti
7 Ont I.J. &. Pv
(i it Trai sit i .
Ore Sh I. Isl Gs . ' I
3 d ? r.-f !.. ....
13 Ore W R R .v N -Is.. .
'ne < ? I .S-!
I Pnc T : ,''r.,..
I 10 Pi nn R i: 10G8
do eon ?
7i .'?:???:-...
: do 41 ;.s 1921 ? " .
..??.,!?.??:
.1 . ' ? ?: " . .
rio -Is IMS., .
5 P. nn R It Is 105 !. .81
1 Peo ( ,\ C of C Gs_ SO
?? ?"..,???-:?
' T if N J 5s. GO
' '?? li.1 -Is. . . . n ' ' .
?.. : .? fis 1940, 04'
' Ri G ? W 1st 4s. . .
U h ?? Pitl ron Rs. ..infit ? \
! R I Ark & L 4%s .. ' ' 1 '
St L I M & S gen ?a ! ' '
' I do if,- la . T-?
1 do 4 R & G div. ... ? - '
: S' L & .S P gen fis-1"2 i
do pr lien 4 ser A 5
do pi lien 5s ser B. .
10; do mu Gs. ? ?
1.lo inc 6s.
12 SI L S\vn lsl 4s.04 1 nu
i do c-on 4s. 51
.- ; Te minai 5s... . . I
?1 St. P & K C S t. 1 ' ? ?.. ? '?', ' G'
? st P M & M con 41 1.. 0
1 do con 4s.SSi-i, f '
c
on r se m
P
i
lie
sonc
lrk<
?\pr y]', '?'-. ! "'
Seul rj?i Won
19:0
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1 '
?] tOJNDUSTRIf?LSW !vj_J __ . J_
'
, I \skTiuTiES\ ..;;.<: : . 1 - : ; n
l k ;-7-*'r-<^?-T-'-i^ . i ..... ,. . 1 ?' .?
htl/? mils'\ 1 ; ^'
PrVrfb '? .>
.:.:
?
s-hl T?TTM :: H4. lit ""T1 '
? B?;,jffl?=dffl-tit h h
m
H-fl44-1+ri rti ' i_;_.; ? ? ' .? ? : ' : :.:
:
S
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;
f?f-t r-iff n s
:?
-:-:.'1'
JLL
1
;
-73
Ihm graph ttliuwH ihe averuge price? of len railroud, len industrial und live public utility
bonds ?n the first business duy of each month from January, 1<>17. lo December, Din, im<!
the weekly fluctuations since January 1-, MH9.
Week' |__^__^__H
Sal Close. lliidi. Low. \
Val & N E 1st 4s. . 77 77 77
? oard A L 4s strop. 6 i "?? 61 60% '
1! ! do ref 4. 1 19% 38 ;
7. ?: adj ? ?.: ? 38% 35
? i Be ' T o. '!' is . 85% 84
i l? ?o Pac Be cvt 5s.... 102% 106 102% '
.'.o col tr 4-1.71 73 71
o cvt 4a ... . % 81% 80%
1 17 do ref 1. 7S% SI 78% !
! ?! 5s. . . '?? ii 87% c"
? gen ???. '% 01 50%
16 4 :: & O :. 57 ? 57 ? 56
? ndard Milling 5s .. ?% 9 1% 93%
I'enn Co er 6s .-?.05% 95% 94%
12 T R R A of St L ref 4s 7 , 73% 70%
v" H as Co cvt 6a.: ? ) 3% 1
-' r. ?: & Pac 1st 5s. So 85 83%
I ri rd Av ist 5s. 54 84
1( lo ref 4s. ^ ,
: lo ad] 5s. ? 29% : "'
! & O C gen ij . .
t L & W 50-y la'50 10% 46% -I IV.
? i i Ci( ' Ry & L 5a_ : 02 00
on Pacific 6s .._102% 10 ! ?
30 lo 1st 4a. ? ?? .. 85%
i cvl 4s . S j " ' - y''"
. i SI 78%
1' . Ry_ of San l-'v Is.,
Un Ry Inv 1st Pitts
i.. .v Imi -.. 82 76'-.
; ibb< r :-. .... 103% 102%
U S Ref & Min 6a_ ' L05 Jf|
171 US Steel s f 5a. 1% :? . 6%
5l U Rj of S t' ctfs. - . ? i ? ',
98 U S Rubber 5s. 87% 90 87
1 V ;-.h Pr & Lt 5s. 84 85% S2%
10 V; -Car Chemical 5s.... ?5 ?5% 94
1 lo 6 .101 101 100
8 Vindnian Rway 5s. 51% S5% 8 1%
1 W '.,,;, 1st 5a . 8 ?% : ! 89%
lo 2d 5s .SiH._ S3 80%
1 ' terminal 3 %a... 72 72 72
: V\ it, rn Elec 5a. 97% 97^ 97
" V\ ? t Maryland Is. 51
i<. Western Pac ."i.84% 84% 82%
' V. i Union eol.tr 5s. . 86 86 SI
lo real estate 4!-'s... SO SI ' - 30
! VY ?'. Sh ire la.....73% 74% 7"
V, eel ??: !. ii 1st 5a_ 92 92% 0 :
: \\ Ison & Co a f 6s_ 98 98% 9K
H______|_______________________B% 90'
U. S* Banks Set Record
For Growth in 1919
Resources of $22,444,992,000
on Nov. 17 Reported by
(Comptroller XA illiams
IV ?: HINGTON, Jan. 18. With re?
st urn ?> aggregating $22,444,992,000 on
ober ?7. national banks of the
U '?'- d States have estai lished a new
? foi growth anil development, it
a it] to-nigh I by John .- y.1! ? on Will- i
?ami C >mn1 roller of the ( 'urre r.ey, I n
m ki ??; public figures as to the bank
call ? : ? ? ' date. Between the call i
ol September 12 and November 17 na
: ? i. banking n sources increased
Si P 76.0 0 and a gai ; of $2,623.538,
01 l -i' urces for the year ended No
vi ml ?"? 17 was recorded.
increased i:i proportion to
tl .ri'?:..-?:? in resources Mr. Will
? figures show. For ?ho year ended
Mo erab 1 .' thi gain in deposita wa:
.i i ximately $2,500,000,000, while
hi'.', .i; September 12 and November
r the increase in deposits was $786,
?'. L,0 K). Total deposil ? on November
.1'. were ? i i\467 - ,3,000.
iVorway V>, itbbolds Licenses
For Exportation o! Hides
Ac ording to rabio advices, tho Di?
li, ti .-ni m?' Industries at Chi ?tins
i?: .. ' ed a si atemenl to the etfecl
?'? ' he granting of'exporl licenses for
hi r>: and salted calfskins will be dis
continued for an indefinil e period. 1'
? s .-aid that a plan is under considera- :
tion whereby the domestic hides and i
salted calfskins are to be utilized in !
the Norwegian tanneries and leather '.
industries. This newest regulation of
the Department of Industries regard?
ing the embargo on hides and salted
calfskins supersedes all previous regu?
lations with regard to the same matter.
\Uiat War Did to Labor
War and war work made a heavy
draft upon our workers. Estimating
the number of males of producing age
m the United States at 286 per 1.000
of population, the Secretary of War
has published statistics showing that
the war took 108 of them for its prose?
cution and the special activities it
nei ded for its support. Thirteen were
fighting in France, six were behind the
lines in Prance sixteen were in the
army in the United States, five were in
the navy and sixty-eight were engaged
in war work in the United States.?The
\ .' ion's Business.
Stock of Great
Diamond Com pan y
To Be Sold Here
French Banking House ts
Bringing 80,000 Shares
of De Beers Consolidated
Mines to American Marke!
Lazard Fr?res announced yesterday
that they had purchased 50,000 Ameri?
can shares of the De Beei's Consol -
; dated Mines. Ltd.. which will be offered
to the public at SIT a share. '?
. another step n the effoi ts ol Ai ?
investment i lo I t foi
i
. .. t. ... ,: t;\
prises : ta have been I ' de rt ir
- \, j t : the bourses ol Euie ?
The De Beers company was re;
stered ::< 1888 la the Province of l?i ;>.;
. Union of South Africa. 1
tboui 80 ner cent of ; h ?
- output of diamonds, and ?wu
':'?? Beers. Kimberley, We*
. Dutoitspan and Buitfonein, and
ly thi >, hole of the Koff ? t''1
- ne.
Dividends ?? the deferred shares
have been paid regularly since 191 !
with the exception of 1915 and 1916,
?hen they were suspended, owing ! -
i war conditions. For the year ended
, 1919, 1 company paid s I pei
cen? -i\ divide ids on the def rred
20 per cent wa* d?
rst six months and '"?"
pi i ci ??; for the second six months. A
the i ;\ ?en( ?. I of i xchange the year's
I was equivalent t?< about (
eat American si are.
Now Ready
Federal Income Tax Forms
INDIVIDUAL and corporation income tax: forms for report?
ing income for the taxable year 19 19 (Form 1040 tor in?
dividu?is whose income is more than $5,000; Form 1040-A
tor those whose income is $^,000 or less; and Form t 1 20 for
corporation?) have been issued by the Treasury Department
and released for distribution today.
These forms, together with other income tax forms which
have been issued by the Federal Government and bv the Stat?
Comptroller, are available at anv of our offices.
We shall be pleased to give you desired information regarding
the preparation of your return.
Guaranty Trust Company of New York
140 Broadway
FIFTH AVENUE OFFICE MADISON AVENUE OFFICE
Fifth Afame and 43rd Street Madison Avenue and 80th Stre?t
Capital and Surplus $50,000,000 Resources over $800,000,000
33Cs*ner3WKna?i*j3KV>ttriK^^
Messrs. J. P. Morgan & Co. and Guaranty Trust Company of New York, fiscal agents in
the United States for the Belgian Government, in conjunction with the hirst National Bank, "?'he
National City Co., Bankers Trust Co., Central Union Trust Co., Chase National Batik, National
Bank of Commerce, Liberty National Bank, Harris, Forbes & Co., William A. Read & Co.,
Kid der, Peabody & Co., Lee, Higginson & Co., all of New York, and Central Trust Co. of
Illinois, Continental & Commercial Trust &c Savings Bank, First Trust & Savings Batik, Illinois
Trti't & Savings Bank and Halsey, Stuart & Co., all of Chicago, offer for subscription
$25,000,000
3LGIAN GOVERNMENT
EXTERNAL GOLD LOAN
One-year 6% Notes at 99 and interest to yield slightly over 7%
Five-year 6% Notes at95% and.interest to yield slightly over 7%
1 H ESE notes constitute an unconditional
obligation of the Belgian Government re
payable in New York City in dollars. In
addition to an income yield ot over 7%, the
Belgian Government has made provision
whereby a substantial profit may accrue to
the Noteholders upon a rise in the value of
the Belgian franc. The precise method of
realizing this possible exchange profit is set
rorth more fully in the prospectus describ?
ir?a the issue.
Belgium's Industrial
, Recovery
IN O nation in Europe has undertaken re?
construction after the world war, with more
industrial will power than the Belgians,and
Belgian Industry, in many lines is approach?
ing normal activity.
Mr. D. L. Blount, until recently Director
General, Central Office of I nformation under
the Ministry of Economics, Brussels, has
written a booklet under the title of "Bel?
gium's Recovery" and from it are extracted
the following figures and estimates on the
resumption of Belgian industry:
Coal mines, 94 per cent, normal; refined
sugar, 100 per cent: cotton spindles in oper?
ation, 75 per cent: cotton looms, 60 per
cent: wool products, 75 per cent: shoes, 70
per cent: window glass, 34 per cent: plate
glass, 36 per cent: the steel mills which suf?
fered most, have resumed 30 percent: 12
blast furnaces are now producing 10 per
cent, of the output of the 54 blast furnaces
in operation bet?re the war.
Of the 9,797 pieces of machinery taken
away during German occupation, 5,069
have been recovered.
Prior to the war three-fifths of Belgium's
total area of 11,373 square miles was under
cultivation, and the value of the produce
averaged $100 per acre, a yield equaled by
no other country. One man in every six
was a land owner.
The territory seriously devastated by war
amounted to only 70,000 acres, which is less
than one per cent.of the total area of Belgium.
Agricultural production in 1919 surpassed
the average for the years preceding the war,
the yield of wheat, oats, barley and rye
having been particularly good.
Belgian railways destroyed during the war
have been practically restored. And with a
total railway mileage ot 5,400 miles, Belgium
has the greatest railway mileage of any
country in proportion to territory.
Before the war the thrift and industry
of the Belgian people had earned their
country eighth place among the nations of
the. world for wealth, sixth place in volume
of total foreign trade, and first place in
actual trade figures per capita.
In order to buy new machinery, as well
as raw materials, Belgium needs credit of
sufficiently long terms to permit her indus
tries to bring up the volume of export to
pre-war figures, and thereby reduce the un
favorable trade balance which now militates
against her outside purchases.
To assist in this readjustment this issue
of Belgian Government Notes is offered to
the American people.
fer full details regarding this issue reftrtnet is made to m
circular describing the issue more completely, copies of
which, as well as of Mr. B.'aunt's bookk t, net be bad upon
application.
January fry, I?20
As subscriptions for the above notes have been received to an amount in excess of the issue,
this advertisement is inserted as a matter of record and in order to set forth the forego inn
Joels regarding the economic and industrial recovery of Belgium.

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New-York tribune. [volume], January 19, 1920, Page 13, Image 13
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924