PURITIES Of FERED AND WANTED
.K.R CeJr.&Co.WiliBuy
IAO ?mter. I'.vannmld I'M.
2ft Amerlrmi Machine * Fdy.
100 Ruryrus Co. Com.
M
tOO ?.enere? IlnU?ng Com. A Fid.
r>0 ?.Ion.. Tr>:.? In?,
M Holly Ungar Pfd.
1: 100 Klrb.v Lumber Com. ft Pfd.
1 ( 900 Kerr Na\ Ijriit !ou
I 10 Manhattan Mtge. Com.
1 j 60 Murray Co. (Texas)
j 100 P. V. Collier ? ??.on? Com.
? , ?0 rathe Fr?res I'lionogrnplt Com.
100 PAcahODta? Fml Com.
' 100 Koj ul Typewriter Com.
?0 Ten?? Parlfle Coal * Oil
ft? I). S. Mre In?.. i
? 80 WeMrlirMer Ihm. o
. 100 W. K. Tiliotson Mfg. Com. J
?. K. R!ce,. r. & Co. Will Sell
j 100 At la? Fort tond Cement'Com.
25 Katterv Park Nat. Bunk
M K. W. tlllN? Com.
100 F.lsemann Magneto Pfd.
16 tient rut Clieniical Com.
10 Harriman National Hunk.
100 1ngerr.nll-K.ind Ffd.
100 ...diet & ? hirftj-o K. K.
100 M n honing Coal H. R.
26 Nulional Surely
109 Penn. Coal * Coke
14 Providence & Wort-ester.
50 Sou; hern l tiltiles Pfd.
100 Tidewater Oil
60 Tex.is I i?<:fi> Coal * Oil.
50 Victor Talking Machine
SU Win? heater Co. Com.
"?"> Win. trump Ship & Kng. Blilg.
J.K.Rice,?Jii%&Co.
Phone? 4000 (o ?010 John 36 Wall St.. S Y
Gillette Safety Razor Stk. & Rts.
Amer. Light & Traction Com.
Commonwealth Power Ry. & Lt.
Central ?guirre Sugar
Godchaux Sugar Pfd.
Packard Motors Com. & Pfd.
Revere Motors
Wilson Tire & Rubber
Goody ear Tire & Rub'r 7% Pfd.
Firestone Tire & Rub'r 7 % Pfd.
Wickwire Spencer Steel 6s
General Electric 6s
i
?
Morton Lach&ibmch. & Co
?#2 J3x'<m.<3- Str?ecfc, *y?cv?'Y?n&?*j
CtOCAOO DETKOir PHILADELPHIA P1TTSBUB0H
| Carib Trading Co. *
Texas Pacific Coal & Oil
Central Aguirre Sogar
Madison Tire & Rubber
Indian Refining
Aetna Explosives 6s
CC.Kerr&Co.
2 Wail St., N. Y. Phone 6780 Recto,
vwm'rw?u??&w?f?mtfr,wwam//??sf
Ifertoll Ilrothera
'?Jitblif. ?i?.l??y ffrtturUlM
111 aJnuiuuiay, 3?. $.
Commonwealth Power
Railway ?5c Light
Company
7% 1923
Private Phones to Philadelphia i. Boston
il
t?arU A Noble Theodor? C. ?t?rwt?
NOBLE & CORWIN
j to Mroai? 41 New Y?*fc j
Kpech. & Met. Nat.Niks Bernent Com;
Guaranty Trust Tex.Pac.C.&O. J
fr
Woodward Iron Common
Merrill, Lynch & Co.
Trolling Depart ment
120 Broadway. New York
Phono? Kector 7G83-7C92 Inol.
Safety Car Ht.&Lt, Title Cuar. & Trust
Eastern Steel Com. Central Aguirre Sugar
Singer Mfg. Fajardo Sugar
Stone,Prosser & Doty
! ?52 William St. Hanover 7733
Deadlock in Time
Loan Market Broken
(Money brokers reported yesterday
tttat the deadlock in the Stock Exchange
tame loan market has been partially
broken. Although the chief lending ln
. stjitutions are still refraining from
making substantial advances for peri?
ods running up to ninety days it was
stated that a few small loans have been
? arranged at 8 per cent on mixed collat?
eral and S'-j per cent on all industrial
collateral. One broker reported that he
had borrowed on nil Liberty Loan col?
lateral at 7 per cent.
According to money brokers a greater
supply of time loans is likely to make
their appearance if tho call'rate con- i
tinues long at 6 per cent. They say !
that the offerings arc now consider- j
ably in excess of tho demand, despite
the recent upturn in stock market
prices. One reason assigned for the '
disinclination of tho larger banks to
lend on time while the rates have been
so high was that they did not wish it
to place themselves in a position where
they might be accused of contravening
the state usuary low.
Financial Item?
Arthur W. T.oaBby. vice-president of the
?""quit* 1>> Tr?si Company, has beon elected
a. trustee of that institution.
Julius G. T.ii?y. ti ho ha? been Acting For?
eign Trade Adviser of tho Department of
?tat*, has resigned and will become af?
filiated with the firm of Speyor & Co.
lClliha Walker and Joseph P. Cotton
have been elee-ted directors of the Coluni
turn. Trust Company.
T. L. Chapman. Now Tork partner of
P. W. Chapman & t'o., announces his with?
drawal from that firm ad of February 1C.
The New York Trust Company lias been
appointed registrar of Oe preferred an'l
.oinmoti stoeKs of the Union Tank Car
' onipany.
DIVIDEND NOTICES
MAHONINO IXVKWTMKNT CO.
A dividend of One dollar and fifty cent?
par ?tiara ha? been declared on the stock
of this company, payable March 1, 1929,
?o ?rtookh'iidei? of record February ?let,
ltMh 1?BWIS UJBJMK, BaortUirn
Pnblic Utilities
Bid. Asks?.
Adirondack Else Power. 1* t7
do pf. 77 ??
American Light & Traction... 1T7 IM
do pf.?s ;t
?American Oas & Electrlo.120 125
do pf. 39 ?1
American Power A Light. ?0 ?5
dour.70 74
American Public Utllltl?. 7 3 3
do pf.23 27
Am Waterworks Ktectrifc. 3' 4 '
Am W W A E participating" pf? 3 ">
American WU" A 7 1st pf. 4T G?
Carolina Tower A Light. 82 88
Cities Service.260 ?*0
do pf. 69<4 71 ?
do bankers' ctfe. 39.U 41
do 7 per cent, ser B. 1966.. 140 ?
do 7 per cent, aer. C. 1966.. 99% 102
Colorado Power . 16 IS
do pf. 90 98
Commonwealth rr Ry 4L..., 17 2t
do pf. ?7 40
Denver Oas A Elec gen 8a.... 87 ?8
Electric Bond A Share? pf.... 87 91
Empire District Electric pf.. 70 75
Federal Light A Traction.... 5 ?
do pf. 48 47
, Oa? A Electrio Securities_800 400 *
do pf. SO 8?
Northern OMo Electric. ? 20
do pf.: 60 68
i Northern Ontario Lt A Power. 10 14
i do pf.?...86 ?2
?Northern States Power....... 55 82
do pf. 87 ?1
! Pacific Oas A Electric pf. ?3 86
! Republic A Ry Light Co. IS 17
! do pf. 45 49
: Southern CalKornla Edison ....86 90
do pf . 99 104
Standard Gas A Blertrlc. 1? 21
I do pf. 3? 41
Tennessee Ry, Lig*? A Power. 1% ?
do pf. 7 9
United Light A Rys. 25 3?
do pf...SO 63
Western Power . IS 22
6S 72
?5?.
?7
?3
79
78
?9%
75
99
83
79
85
do pf
Bonds
Appalach Power let 6s..
Cincinnati Oas A Eloo 5s.
Col Oas A Elec 5s, '27...
Col Power. '53 .
Dallas Elec 6s. '23.
East Texas Elec 6s, '42..
do 7s, '21.'.
i"t Paso Klee co! 6a.
Great West Power fis. '46
Midwest CtJ) 6s. '25.
Miss River Power 1st 6?.72 Vi
Northern Ont Light & P 8s... 64
Northern States Power 6s, '26. 86
Pacifio Gas A Elec 6s, '81. 88
Puget Sound Trac L & P 7s. .. 94
Twin City C A B fis. 7o
Un Light R 1st 6s, '82. 73
Suxar Stocks
Asked.. Bid
22 ''
SO
80
142
420
118
76
15
Bd
Card-Am.. 18
do pref. 70
C Aguirre. 77
Fajardo ..138
Gt West..400
do pref. 115
Guanta'mo. 72
Mat-Am . 10
70
90
81
sa
82
100
90
81 %
90
7414
69
89
95
97
78
76
Asked. :
Mafc-Ampf 60 70
Michigan.. 11% 12ft
National .140 145
N Niquto.225 ?
S Cecelia.. 75 83
do pe?. 76 82
Am Cyan. 25
do pref. 52
By-Prod ..100
Cossin Co. 47
Dow Ch..200
Du P C p. 7V?
Fed Chem.100
do pref. --
Graiselli ..160
do pref. 100
Savannah
do pef. 89
Chemical Stocka
5 30 Hook Elec. 65
>2 59 do pref. 65
110 Ky aolvay. 90
53 Mec Co p 92
Merrimac. 88
Mulford Co 53
Nisg Alkp 95
Semet 0..167
Solv Poe.. 190
9
105
100
170
102
Tobacco Stocks
Conley Foil.275
G W Holmcs.i?O
do pref.. 97
J S Young.. 125
do pref.. 95
Mac A & F.. 140
326
160
lui
135
100
155
Por R-A T.128
R J Rey A.515
do ser B.400
do pref. 104
Weym-B ..165
do pref. 96
Steel and Ordnance Stocka
Am Brass. 208
Atlas Pw.155
do pref. 85
Bab & W.115
Bliss, E W.420
do pref. 62
Can FAF.200
Carb SU.. 100
do 1 pf.107
do 2d pf 70
Colts A... 54
D P Pow.300
217
165
90
120
450
68
225
110
110
75
57
320
East Steel. ?7
Emp S & I 25
do pref. 65
?Here P.. 190
?do pref. 102
Niles B-P.107
do pref. 107
Scov Mfg.390
Thorn Iron 30
Win Cor. .400
Woodward. 35
116
98
66
100
136
650
430
107
165
100
39
35
70
210
100
110
110
410
35
45
?Ex dividend.
Miscellaneous Stocks
Am Chicle 74
do pref. 80
Am Leath. 58
do pref. 89
Am Mfg..lt>0
do pref. 88
Am M&F.100
Am Typ F 43
A D T NJ 25
A W c pf 98
Atlas P C 70
BB&S 1 p 88
do 2d pf 70
Bor C Mk.109
Bush T pf 77 Va
Celluloid .150
Chillis Co. 90
do pref. 95
City Invcs 72
Col E Sy.750
Crk W pf. 9?
D L &-. W.170
F R 1st pf 95
Draper C..145
Int Sil pf. ?5
Lima L pf 93
79
86
65
95
170
91
47
35
98#
75
93
m
85
155
95
100
77
850
101
100
147
100
97
Nat ?ash. 120 130
N J Zwst.280 290
N Co 1 pf.101% 104K I
_?. ... . .. 99M?,
250 !
64
93
26 I
89 ,
150 :
O'Neill pf.
Phelps D.240
Phil J Cor 57
do pref. 90
P & W pf. 95
R Reis & C 22
do pref. 82
Ry Bak P.140
i do pref. 90 a*
Singer Mg.145 150
S L IM&S 43 47
94
Stoll S pf.103
? S D W pf.102
Stern B p.100
T&PC&On. 95
Valvol pf.102
VRaalteln 40
do pref. 80
W C Kerr. 50
do pref. 77
W & E pf.100
Yale & T.2-60
105
103V4
104
100
104
42%
85
65
8:
103
275
New York Bank Stocks
.600
.215
:295
.210
.420
.150
America ..
Atlantic ..
Am Exch..
Battery ...
Bowery ...
Bryant P.
Bway Cent. 150
Bronx Nat. 150
Butch & D. 83
Chase .430
Chat & P..310
Chelsea Ex.125
Chemical ...580
Citz Nat...250
City ...."...3V5
Gotham _200
Greenwich .375
Harrlman ..375
Hanover ...820
Industrial . .205
im & Trad.590
?Irving Nat.38?
Liberty ....415
Lincoln ....275
Manhat Co..250
Mech & M..450
Metrop'tan .340
Mutual _490
Merchants ..240
..845
. .860
.225
.175
630]Coal & I..
-H Colonial ..
305 Commerce
220|Columbia .
Corn Exch..465
Cosmop'tan.110
Com'cial E..415
Com'wealth.221
Cuba .170
East River.. 160
Fifth Nat.. 150
Fifth Ave..900
590iFir?t Nat...960
270: Foreign TB.100
385Garfield N..235
215 New Neth.,200
N Y N B A.460
Park .750
Pacific _135
Produce Ex.375
Public .335
Seaboard ...650
Second ....400
State .210
23d Ward.. 150
Un States.. 170
Union Ex... 180
W'chester A.200
Yorkville ..375
160
160
160
440
820
400
840
610
S95
430
285
460
360
250
230
230
180
950
980
115
245
210
480
770
700
425
100
Trust and Security Companies
Alliance ... 80
??Am Trust. ?
Am Swety. 7"
Banker*. .. .365
Bond & M.220
Bklyn T Co.500
Cent' Union.410
Columbia ..345
Commercial 150
Empire Tr..80O
Equitable ..280
Farm L&T.430
Franklin ..240
Fulton .,
Fidelity ..
Guaranty
Hamilton
Hudson T.
Kings Co.
Law Mtge.
.250
.230
.363
.255
..155
,.640
.120
90
78
375
23?
615
420
355
160
290
440
250
260
340
875
266
665
130
Lawyers T.127
Lincoln Tr.,175
Manufac'ers.2U5
Mercantile .310
Metvopol- .. .293
M ?Ce Bond.. 90
Mut T of W.105
Nat Surety. 197
tN Y Title. 140
N York T. .625
N Y L I&T.725
Peoples _290
Realty Asso.105
Title G AT. 380
Un States..840
U S M & T.410
U S T Guar 80
Westchester.130
W & BTAM.165
tSee New York Title and Mortgage.
Insurance Companies
1S3
305
95
3 25
205
145
745
310
115
890
880
420
85
140
176
153
Am Allianee.270 ?]Gt Am rta. .152
City of N Y.175 --Hanover ... S>)
Con'nwlth.. 300 825 Home .510 575 :
Coiuutcntal. 7') 78 Nat Liberty.170 ?
Fid & Phoe.650 G75 Niagara ...230 260 j
Franklin .. 86 94jStuyvesant.. 50 75 i
Globe & R.800 ? fWestchester. 35 40
Great Am..250 260
Standard OU Stocka
Bid Asked
Anglo-Amer Oil Co Ltd. 85 25V?
Atlantic Refining Co.1885 1400
do pf. 112'? 113H
Horne-Scrvmser Co. 480 460
Buckeye Pipe Line. 94 98
Chesebrough Mfg Co. cons.... 330 250
do pf . 106 110
Continental Oil Co. 490 600
Crescent Pipe Une Co.v,. S3 . 85
I i'unib?>rlarid Pipe Lino Go...... 160 170
i Eureka Pipe Une. 140 148
Galena Signal Oll Co pf, new. 98 99
i do con i. 78 80
Illinois Pipe Line . 164 1??8
Indiana Pipe Line Co. 96 97
International Petroleum. Ltd. . 59 60
National Transit Co. 1:914 31
Northern Pipe Line. 99 103
New York Transit Co. 184 188
Ohio Oil Co.840 350
! Penn-Mex Fuel Co. IS 67
1 Prairie Oil A Gas Co. 895 ?03
i Prairie Pipe Line Co. 230 140
, South Penn Oil Co.300 905
i Sola' Refining Co. 810 87?
?Southern Pipe Lin? Co. 150 158
: South Penn OH Co..300 805
? South Wost Penna Pip? Lines 98 97
Standard Oil Co of California. 310 815
Standard Oil Co of Indiana.. 880 690
Standard Oil Co of Kansas.... 690 610
890 400
490 510
Stundard Oy Co of Kentuckv.
Oil Co of Nebraska'. .
Standard Oi
Standard OH Co of New Jersey
do pfil . 115
Standard Oil Co of New York 40?
Standard OH Co of Ohio. ?>05
do pf . IDS
do rights. 6
Swan A Finch Co. 95
Union Tank Car Co. 189
do pf. 100
do rights. >
Vaouum Oil Co..,..,.,..,,,.. <|?
Washington OU O* ?en.?et? t?
156'
4 03
?l'O
1U8
8
100
11a
108
Itt
41
Miscellaneous OH Companies
Bid. Asked.
Atlantlo Loboa OH Co. com.... 60
Atlantic Lobos Oil Co, pf.... US
Cosden A Co. 8 %
KIk Baatn Petroleum Co. 8 H
Houston Oil Co, com. 98
Imoerlal Oil, Ltd. 110
Magnolia Petroleum Co . 400
Merrltt OH Corporation . 18%
Midwest Refining Co. 1(0
Northwest Oil Co. 40
Producer? & Refiners Corp.com 7%
Sapulpa Refining Co. 6
Now York City Bond?
Security, rate, maturity. Bid
Inter. 4%s. July, 1969-UM
do 4%s, June. P.m."-05Vi
do 4Hn, March. 196.1... 95M
do 4%fl. My A N, 1957.. 95Vi
do 4%s. April. 198?.... 90 V
do 4H". March, 1964.. 90V
do 4%a, March, 1962... 80T
do 4%s, Sept., 1960_ 90V
do Hi?. May. I960. 90V
do 4s, May, 1969. 86 t
do 4s, Nov., 1989
?0
140
:s
102
120
435
19%
1RS
50
Ask. Tleld.
96 ti 4.67
do 4s. May. 1967. 86%
4e,_ Nov. l?56-'8?... 86%
?6*4
96%
96%
92
93
?2
92
92
88 %
HSV,
SSI,
88%
?2%
80
80
Reg..
do 4s. Nov.. 19S6. 91
Inter. 3Vis. Nov. 1964_ 78
Coupon 3Vss. May, 1964... 78
New York State Bonda
Canal Imp It's, Jarr, 1964.105 107
High Imp 4%e. Sept. 1963.105 107
Canal Imp 4%s, Jan, 1965.100 10214
High Imp 4 Vis, Mar, 1965..100 102V?
P Cail'Ter 4%s. Jan, 1945. .100 102-%
High Imp 4s, March, 1967. 96 93
High Imp 4s, March, 1960
?62, Ino. 96 98
do 4s. M * S, 1968. 96 98
Canal Imp 4s. J & J, 1960
'62, Inc. 96 98
Federal Farm Loan Bonds
4%s, 1939 op. 1?24. 97
4%s, 1938, op, 1923. 97
4%s, 1937. op. 1922. 97
6s, 1938, op, 1823. 99
Short Term Securities
Am Cotton Oil 6s, 1924.. 97 97"*i
do fis, 1924 . 94% 95%
4.67
4.67
4.67
4.6?
4.6?
4.69
4.68
4.63
4.64
4 66
4.65
4.68
4.61
4.66
4.6?
4.10
4.10
4.10
4.10
4.10
4.06
4.0?
4.0?
4.6?
?8%
?8%
98 V*
100'.4
6.60
8.10
Markets in <
Baltimore
Open High
Sales
800 Atlantic Pel
140 Cent Ter Su pf. f? %
200 Cosden . 8%
675 Celestino .... ?.35
70 Citizens' Bank 41%
12 Cons Power .. 97
25 Cons Coal ... 78
100 Davlson Cli .. 35
100 Houston OH pf 81
1?5 Indlahoma ., 7%
20 M A M Trns. 60
86 Mt Vernon Mills 54
15 Md Cas rights 1?
81 Pa Water Pow 75
Bonds
$1000 Cosden 6s, A. 87%
16000 do B . 88
2000 ConB Power 7s 98 %
1000 Cons Coal 6s. . SS
20000 Un Ry In 4s. . 44%
1000 do 1st 4s. . . ti??t
Boston
a*
8'4
35
81
7%
60
64
18
75
87 ?a
?8 '
98%
2.35. 2.35
41 Va 41',4
97 07
78
85
80
? 7 V?
98%
4 4 % 4 4 ?'
15
SO
7%
60
54
18
75
87%
88
08%
88
44%
66% <Sb]
71
11%
63%
360 '
25
18%
71
11%
62%
360
21%
11 %
3%
18
40
4
8%
20
J0%
16%
31%
60
14%
40
8%
2%
20
62%
33%
44
70
4%
10%
28
22%
42',4
110 Ahmeek . 71
700 Arizona cml.. 11%
140 Big Heart_ 7
92 Cal & Ariz.. 62%
2 Cal & Hoc. ...360
?4970 Carson . 21%
236 Davis Daly.. . 11%
80 Daly West_ 3%
40 East Butts. . . 13%
60 Hancock . 6
20 Helvetia . 3
160 island Creek. 40
200 Kerr Lake.... 4
435 Mayflower O C 8%
160 New Cornelia. 20
46 Niplsslng _ 10%
67 North Butte.. 16%
6 Old Dominion. 31%
50 Qulncy . 60
6 Seneca . 14%
50 St Marys. 49
95 Utah con. 8%
60 Utah . 2%
25 Wolverine ... ?0
30 Bos & Albany. 123
35 Boston Elev. .. 63
1670 Boston & Me.. 33%
18 do pf A. 44
65 do pf B. 72
60 Mass Blec. 4%
70 do pf . 10%
496 N Y N H &. H. 28%
475 Rutland pf_ 22%
40 West End .... 44
Miscellaneous
13 Am Ag Chem. 80% 89%
88 do pf . 93 93
10 Am Pneu Svc. l'A
120 Am T & T. . .. 98
9 Am Wool pf. ..103
5 Clinton Wire.. 24
25 E Boston Land R
10 Eastern Mfg. .. 30%
140 Eastern S S. . . 21
176 Elder . 28%
' 30 Gray . 33%
15 Int Cot Mills.. 66
15 do pf . 63
100 Int Portland.. 18%
47 Tnt Products.. 28
35 Mass Uas.
?19 do pf .
30 McBl 1st pf. .
10 Mathleson . . .
266 Mcx Inv.
,'slO Nat Leather.
14 5 Ohio Body...
6 Punta Suf*a r,
30 Root .
81 Khawmut S S
236 Swift * Co. . .
43 do Inter. . .
30 United Drug.
::o do 1st pf...
CO United Fruit.
76 United Shoe. ,
25 do pf.
325 Waldorf . 18%
380Waltham W.. 30
12 Walworth .... 24
10 Warren 1st pf 60
Bonds
$1000 A G W I 6s... 75% 75Vi 75V
Boston Curb
Bid. Allied ' Bid
Blk Hawk..76c 8f>c Mcx Metals. 15
Bohemia ..... 1 % 2 Mid Moss...60
V I Vi
00%
14
.120%
. 43 %
.132
. I'D
.185
? 44%
26
42
4
8%
20%
10%
16%
14%
49
9%
2%
20
124
6 3
36%
44
4%
10%
31
24%
44
1%
?8%
103
24
5
30%
?1
28%
33%
66
93
13%
28
61
11%
7
6.1
3fi0
24%
11%
3%
13%
5
3
42
4
8%
20V4
1014
16%
32
60
14%
49
9%
2%
20
124
62%
36%
44
72
4%
10%
31
24%
42%
89%
92%
1%
97'4
102
24
30%
21
28%
33%
66
93
18%
!?7%
71%
60%
97
S9%
92 Vi
1%
98
102
4;:
?4'4
29%
82
44%
120%
43%
132
r0
186
45%
26
3 8%
40
24
60
24%
120
43%
132
50
183
44%
2P%
18%
39
24
60
5 j
30% !
21 '
29
33% '?
C6
0 3 !
18%
28
6?
?8
4 4 U
25
120
43%
132
60
184
45
25%
18%
40
24
P0
Bos & Mon. .67
Calaveras . . ???
Chief Con. ..4%
Con Coppr. . 4 %
Crown Rsv...30 45
Crystal newGl 62
Denbigh ..?35 45
Eagle B B 2 1-16 2%
Fortuna . 6 9
Gadsden ... 1
Homa .10
Houghton ..76c
Iron Bloss.. 30
Iron Cap....10% 18
Jerome Ver.BOo B5c
La Rose.. . .35
Majestlo ... 15
Moj Tung.
l%|Monarch ..9
4% Ntl L & 5S.
4%!.N'ev Doug...
5 (New Baltic.
11
Sales
"0 Am Radiator..330
80 A D Cohn pf. . 04 %
150 Am Shlpbldg. .100
19500 Ai-m Leather.. 16%
2200 do pf . 94%
1000 Armour pf.... OS
16 Booth Fish ... 11
10 do pf . 69
100 Chi C & C Ry. 1
?575 do pf . 9
132 Chi Elev Rys. . 1
850 do pf . 8%
8785 Chi rtys Ser 3. 6
220Cudahy
Nixon .15 17
Onondaga ..16 35
Orpheum . .29 % 30
Pilgrim _19 22
Pioneer . . .80o
Rngr Petrl..
Sev Metals. 23
S W Ml ( p, S 4
Texana -27 SO
U Verde Ex.37% 38
Yukon . 1 1%
20
Chicago
Open. High. Low. Last.
330 830 330
12
1%
35
95o
V0
69
1
10
1
8>.i.
tyV4
99
94%
100
16%
98
96
105
16%
94 a?
97%
1 1
69
I
10
1
8
6
99
210 Comw Edison.106% 108% 106% 106
425 Cont Motors. .. 12%
20 Godchaux .... 55
160 Gt L D & D... 85
860 Hupp Motors.. 14
820 Lindsay Lt- 7%
1100 Llbby . 25%
320 Mont Ward. . . 36
35 do pf .106
200 M-W Util pf. . . . 43
1500 Nat Leather. .. 14'i
300 Orpheum . 2:'1
14 Tub Serv pf.. . f8
15 Reo Motor. 25
25 Searo Roeb pf.116
1O00 Shaw . . 64%
2500 Stew Warner.. 40'i
10 Stowart Mfg. . 40
200 Stand Gas & E 20
ISO do pf . 40
700 ?Sw'ft Intl. 43%
12 % 12
65 55
85 84%
14 13%
7% 6%
25% 24%
86 84%
106 106
43 42%
1 4 Vi 14
29% 28%
116
64%
41%
40
20
40
4 3 %
40%
06%
12%
65
86
14
6%
25
34%
10?
4 3
14
20%
38
116
62
41%
40
19%
89
? .1 Vj ** ?? "7*1
20% 130%
43% 48%
41%
67
50%
42%
67
61%
39
20%
70
49
90
10*
50i;
1.70
23%
40
4;.'% 43%
119% 119%
43% 43%
66%
60%
106
50%
1.H8
600 Swift & Co
20 Thompson ..
60 Ten tor Prod.
8400 Un Carbide..
135 Un Iron Wks
1600 Wahl . 8!)
220 W'est Knit_ 20
Bonds
$4000 Chi C R 1st 6s 70
1000 Met E R 1st 5s 49
2000 Swift 1st 5s. . . 90
Detroit
S00 Cont Motor... 12%
50 Det Edison. . .106
200 Lincoln Mot.. 60%
500 Noble O & G. 1.70
200 Parkard . ?2%
250 Paige Detroit. 39%
450 Reo Motor Car" 25 25% 2k
Philadelphia
70 Alllance In wts 6% 6% ?
1650 Am Stores.... 41 41 40
8l2Am Gas. 8? "8?% 65
10 Am Ry? pf... 66 66 68
60 Am T A T.... 07% 07% 97%
60 Brill . 48% 44 43%
. 898 Bleo Stag.113 114 112
110 Hunt B T pf.. 13 13 13
!S7Ins Co N wt?.. 10 10 10
600 Lake Superior 17% 17% 17%
135Lehlgh Nav... 62% 62% 61%
looi.ehlgh Vulley 43% 43% 43%
10 MIdvale . 4?>i 46',
1017 Penna R R. .. 42 42'.
Henna Salt.. . 75 ;3 75 >
Plia Co cm pf ;?2'j C-31
Pha El e:; di '- 24% 84 ?.
Pha R T t c. . 23% 23"i
Rending . 724. 7.:
St L San Fran
31
340
275
140
.145
100
100
100
128
i
9
I?
4fii,
42%
66%
51%
87%
20%
70
49
90
106
60%
1.70
23
40
25%
40%
55
68
97%
44
114
13
10
17%
61%
43 =
46%
42'?
Ton Belmont. 2%
Ton Mining... 2%
United Oaa Im 54
Weat Electric 61
W Jer A B a |ft
Wastm.tr Coal 10
2?
54
51
37
Tl
--%
2%
2%
53%
61
3?
n
2%
3%
53%
51
Security, rate, maturity. Bid. Ask. Yield.
Am Tel A Tel ?s, 1982... 9?% ?? 7.50
Am Thread 6s. 1998 . 99Vi 101 5.80
Am Tobacco 7?, 19?0_100 100% 6.90
do 7s. 1991.101 101% 6.2?
do 7?, 1923 ,.101 103 6.16
do 7s 192.1.101% 102^ 6.40
Anaconda Con 6s, 1939... 96 96*4 6.60
Armour A Co conv 1920
11124 .100 103
Beth Steel 7s, 1922.100 100% 8.75
do 7s. 1938. 99% 100% 6.90
Can Northern Ry 6s, 1922 95 98 7.10
do Cs. 1924. 95 98 6.60
Can Pao Ry 6s, 1924. 94 94% 7.55
Cen Argentina Ry 6s, '27. 80 94% 7.65
C, H & Q (lolnt) 4s, 1921. 93 % ** 8?,?
C, C, Chl A 8t L 6s. 1929.. 85 86 8.10
Cuba Am Bug 1st fie, 1921 99% 100% 6.7*.
Cudahy Pack 7s. 1923-100 100V? 6.86
Del A Hudson 6s. 1920... 99 99V? 6.0?
Fed Sugar Rer 6s, 1924... 95 97 8.70
Ocn Electric 6s. 1920. 99% 100 8.00
Gt Nor Ry 5s. 1920. 98 ?8 H 8.00
Gulf Oil Corp 6s. 1921... 97V? ?9 6.70
do 6s. 1922. 97V? 0? ??*$
do 6s. 1923. 97% 99 6.8?
Hocking Val R R 6s, 1924 89 93 7.90
Int R Tran conv 7s, 1921. 6? 68 -
J Dold Pack 7?, 1920_ 89% 100% ??*?
do 7s, 1941. 99? 101 6.40
do 7s. 1932. 99% 101% 6.45
do 7s. 1923 . 99% 101% 6.65
Kan City Ter Ry 6s. 1923 96% 98 6.80
Laclede G 1st 7s, 1929- 93 96 7.b0
Liggett A Myers 6s. 1921. 98% 08 ?? 6.60
Mollni> Tlow 7b, 1920. 99U 101 5.96
do 7s, 1921. 99 V? ion? 6.20*
do 7s. 1922. 99% 101% 6.45
do 7s. 1923. 99% 101% 6.66
do 7s. 1924. 99% 101% 6.60
N Y Central 6s. 1920. 99 99% 6.60
Philadelphia Co 6s. 1022.. 92 96 8.80
Penna Co 4%s, 1921. 96% 97% 825
Pitts A S col tr 8s, 1920.. 9?% 100 .4 ??5
Proct A Gamble 7s. 1920.. 99% 100% ?
do 7s 1921.100 100% 6.20
' do 7s,* 1932.100% 101% 6.80
Public S N J. Nov 7. 1922 8S 89 12.10
R J Reynolds Tob 6s. 1923 98 98% 8.65
.Southern Ry 6s, 1922.... 93% 94V? 9.20
?PUD gen 5%s. 1923.. 96% 97% 6.80
Swift A Co 6s, 1921. 98% 09% 6.<R
West India Sugar 6s, 1922 96 98 7.80
Utah Secur Corp 6s, 1922 84% 81% 12.40
Other Cities
Bonds
Sale'?. Open. High. Low. Last.
$2000 1,11 VI Cs. 1928.100% 100% 100% 100%
3000 Pha El 1st 5n. ?OVi 90% 90% 90%
? 1000 Pll Co en 5s st 77 77 77 77
lOOOpRiGn 5s. 1968 89% 8?% 89% 89 'ii
2000 Reading 4s... 79% 79% 79% 79%
6000 Un Ry Inv 5s. 70 70 70 70
Pittsburgh
20 Am W G Mach.120 120 120 120
10 do pf. 93% 93% 93% 93%
2885 Arkansas Gaa. 27% 27% 26 26%
25 do pf.113% 118% 113% 118%
30 Barnsdall Corp 49% 49% 49% 49%
110 Carbo-Hydro pf 4 4 4 4
100 Carnegie LA z 8 8 8 8
60 Crucible S pf. .100 100 100 100
200 Ind Brewing.. 3 3 3 3
75 do pf. 9% 9% 9% 9%
480 Ouffey Gill_ 27 <a 27 % 27% 27 V?
? 40 Kay Co Oas... 2 % 2 2
545 Lone Star Gas 3? 36% 35% 36
1631 Marland Ref.. 5% 6 % fi% 5%
llOMfrs L & Hem 56 56% 56 5?%
85 N'at Fireproof 7% 7% 7% 7%
4a Ohio Fuel Oil. 25 28 25 28
211 Ohio fuel Sup 48% 47% 48% 47
96 Pitts Brew. ... 5 5 5 5
100 Pittsburgh Coal 66 56 56 5?
1500 Pitts .Torome.. 16o Ific 1 fie 16o
150 Pitts Oll & Gas 13% 13% 13% 13%
66 Pitts Pinte G. .164 164 164 164
20 T'nlon Nat Gas.123 133 123 123
20 U S Glass_ 56 5? 56 56
145 Weat'houso A B110 110 109% 109%
125 West houseElec 50% 60% 60V* 50%
Bonds
$1000 Ind Brew 6s.. 54 54 54 54
Toronto
Adanac .... 2 6
Atlas . % %
Bailey . 3 6
Bvr Con.... % %
Chamba Fer. 7 10
Con logas ... 2% 3%
Crown Rsv. .30 40
Dome Ext.. 23 30
Domo Lake. 7 12
Gt North... 1 3
Hargraves . 2 4
Holllnger ..6% 6
Keora .15 26
I,ake Shore. % 1%
Bid Ask
McXntyre ..1% 2
M In Crp Cn 1% 3%
Newray . . . 1-16 3-1U
Ptrsn Lake. 15 20
Pore Crown.20 30
Pore Imprl. 1 3
Pore Tsdl.. 1 3
Pr?s E D... 2 6
Tk Hughes. 10 20
Temismng .35 45
Th Kriat... 4 9
Vacuum O.. % %
West Dome. 7 11
Commodities
(Continued from preceding page
over the border will prove a bearish factor
in the market.
Yesterday's Previous Year
New York: close close ago
No 2 white. $1.03 $1.03% $0.69%
Chicago:
May.80% .80 .80%
July .73 .72% -'?
Rye?Market firm.
Yesterday's Previous Year
New York: cln<<n close ago
No 3 West.. ?1.78% $1.76% $1.45
XTIonr and Meal?-Quotations were:
Yesterday's Previous Year
New York: c?o?o clos? ago
Minn patent $13.12 $13.40 $10.80
Cornmeal ..:[email protected] 3.75^3.SO 3.4003.65
Rye flour . .S.25Sr8.R5 8.25?8.85 8.0508.50.
Bran .49.50@$50 49.50? $50 46.0?
Cottonseed Oil
The market was weak and lower, closing
with net losses of 24 to 82 points. There
was active liquidation and selling by com?
mission houses and by Wall Street. The
WeBt and South were also on the sell- i
Ing side, reflecting a boarlsh construction
of the heaviness In lard and the woakness
In crude oil. The census report was con?
sidered bearish, as it gave the stock of I
refined oil on hand on January 31 at 249,. !
432,000 pounds, compared wl?h 232,927,- i
000 last year. Total sales for the day <
were 24.800 barrels.
The range of prices follows:
W'nsday's '.
Open. High. Low. Close. close
Feb_ - ??-18.50?19.ft? 19.50
Mar.... 20.20 20.1:0 19.?0 19.88 @ ] 9.92 20.30
May... 20.25 20.30 20.08 20.09iP20.11 20.37
June...-20.10(920.36 20.40,
July... 20.52 20.57 20.30 20.35 020.3? 20.6?
Aug... 20.50 20.50 20.60 20.35020.65 20.70
Sept...- - 19.06 @-20.26
Sugar and Coffee
Current Tear !
prices age
Sugar, granulated, per lb_15016 9
Coffee, Rio No. 7, per lb. 14% 15% ,
Coffee, Santos No. 4. por Ib..24024%?
Sugar ? Sales of Cubas for February :
shipment at 9 %o, cost and freight, equal
to 30.28 for centrifugals, and 10,000 bags ;
of Porto Ricos were sold yesterday for
prompt clearance at 10c, c. I. f. At the
close yesterday It was generally believed
that <'uhan sugars had sold below 9%c
cost and freight, although no confirmation ?
could be obtained, but it was evident that !
refiners were not anxious to pay 9'io for ?
Cubas, when Porto Ricos were selling at
a discount, and it would not be surprising
If Cubas would sell on an even basis.
Arrivals of raw sugar are Increasing, so .
that refiners are commenolng to melt move
freely, and as transportation conditions
are Improving the distribution of refined
sugar Is expected to Increase.
There was only a, quiet trade In sugar
futures, with operators generally tnollned
to hold off and await developments In th?
spot market. Prices, however, wer? easier
In sympathy with the decline in raws |
and at the close were 10 to 16 points low
er, with sales for .he day only 300 tons.
Coffee Vutnres-?The market was firm yes
torday, with prices making new high
ground for the present movement. May i
contracts sold 3 4.Sue, an advance of 21 :
points over Wednesday's close and a re
covery of 129 points from the low level of ;
February 4. Last prices were practically !
the best of the day, with til? market show- ;
Ing gains of 14 to 13 pointa, ;is compared
with thu previous close.
December opened 4 points higher, while
other months were 3 to 6 points lower ?
under scattered realising. The firmer ton? !
of sterling exchange was a sustaining fao- I
tor, however, and th? market turned up- ]
ward on the higher Rio cables, renewed
covering, and buying by houses with do- !
mestic and Brazilian trade connections. ;
The official cable showed an advance of I
3-16d In the rate of Rio exchange on Lon- i
don, and of 50 reis In the Rio market, while
private advloes said Rio wae 150 reis j
higher. The futures market at Santos was I
still unsettled, being 50 reis higher to 225
reis lower, but tho Santos spot market was !
unchanged, and so far as could be learend
In the Street no fresh cost and freight of- ;
fers weru received In the local market. Re?
ports of a somewhat Improved spot de
mand were also a factor on the afternoon
advance, and the spot market was quoted
firmer on the basis of 14% to 15c for Rio i
7s.
The range of prices follows:
Wednesday's
Open High Low Close Close ?
Feb. - -- 14.89014.41 14.1? |
Mar. 14.90 14.68 14.28 14.64014.56 14..'4 i
May. 14.63 14.8? 14.62 14.88014.90 14.68
June -? - - 15.00015.02 14.78
July. 14.88 16.13 14.88 16.13015.lS 14.90 :
Aug. - - - 15.08015.10 14.87 I
Bopt. 14.80 15.00 14.80 16.03016.05 14.83 i
Nov. --14.984(15.00 14.82 |
Dec. 14.87 14.97 14.87 14.96?14.97 14.82
.Ian.- 14.91(^14.93 14.77
Butter, Cheese and Eggs
Butter?receipts were 1.663 packages.
Creamery, higher than extras, ?b., 68?
tIS'jc; extras. '..2 score. 67067%c; firsts, 90
to :i 1 score. ti3066c; firsts, 88 to ?9 score,
59062c; seconda. 83<#87 score. 64@5Sc:
lower grades. 50?SSc; held, higher than
extras, 62%@63o; extras, 61@62o; firsts, 6?
?60c: seconds, 49@54c; unsalted. higher
than extras, 70071c; extras, 67063c; firsts,
63066c; seconds, 6S08Oo; State dairy tubs,
finest. 64066c; food to prima, 18088c;
?ommon t? fallt 46??T?? ran?Y*.ta4. ax
Falrchlld Service
ALBANY?F. Berner. Jewelry; Longaore.
ALLKNTOWN, Pa- ? F. Heins Co.; F.
Heins, general mdse.; The Annex.
ATLANTA, Ga.?J. Duffy, men's furnish
Inga; McAlpln. _ _
BALTIMORE?Frlbush Bros.: L. Frlbush,
mfrs. cloaks, suits; Walllck.
BALTIMORE?L. Saks Clothing Co.? L.
Simpson, clothing and furnishing goods;
820 Fifth Avenue.
BALTIMORE?MacCarthy Co.; Henry Rit?
ter, neckwear, notions; 905 Broadway;
Lalor.
BALTIMORE??Stewart A Co.; Mrs. S. B.
Hathaway, art goods; 2 West Thirty
seventh Street; Assoc. Dry Goods Co.
BALTIMORE?loel, Gutman & Co.; R.
Mendelsohn, shoos; 200 Fifth Avenue.
BILLINGS, Mont.?Hart-Albln Co.; B. R.
Albln and R, Hart, dry goods: 116 West
Thirty-second Street, Room 1410.
BOSTON?J. Swarts Co. ; J. Swartz, Jobs of
dry goods; Broadway Contrai.
BOSTON?Samuel Lovy, men's furnishings;
Aberdeen.
BOSTON?Franck Costume Co.; Charles
Franok, cotton ami woolen ploce goods;
Brostell.
BOSTON?Rtvlta Bros.; S. M. Rlvltz, men's
clothing, women's ready to wear; Great
Northern.
BOSTON?Ferris A Robinson; R. S. Ferris,
dry goods, linens, laces, notions, hosiery,
underwear, clothing, men's furnishings;
Navarro.
BOSTON?J. Gordon A Co.; J. Gordon,
silks, cotton and woolen piece goods;
Pennsylvania.
BOSTON?Gordon Mfg. Co.; II. Gordon,
mfrs. silk waists, dresses; McAlpln.
B08TON?II. Simon, tailors' trimmings;
BOSTON?H. Levenson, clothing; Walllok.
BOSTON?Shepard-Norwell Co., dry goods;
J. Shepard 3d, representing; 220 Fifth
Avenue.
BOSTON?R. H. White Co. ; Miss F. Fitz?
gerald, ladles' suits; 433 Fourth Ave?
nue.
BRIDGEPORT?HowIa?d Dry Goods Co.;
J. E. Kolly, laces, embroldorlcs, notions,
toilet goods; 404 Fourth Avenue.
B?CKHANNON, W. Va.?C. B. Casto Co.;
C. B. Casto, dopt, store; Heruld Square.
BURLINGTON, N. C?B. A. Sollars &
Sons; W. R. Sellara, dry goods, men's
furnishings and shoes; Breslln.
BURLINGTON, Vt.?F. D. Abernethy; E. J.
Bruupre, woolen piece goods; Grand.
BUFFALO?Israel Bros.; M. Israel, shoes;
Pennsylvania.
CALGARY. Alberta, Can-?Hudson Bay C?o. ;
,T, H. Boded, sporting goods, dull?, toys,
sewing machines; 220 Fifth Avenue,
Room 1411.
CATSKILL. N. Y.?IT. L. Boughton; Mrs.
II. L Boughton, Miss A. B. Weed, dry
goods, general mdse., china, glassware;
Continental.
CHARLESTON, S. C?A. F. Shakld &
Bro. ; W. It. Bhahid, dry goods, etc'.;
Pennsylvania.
CHICAGO?M. A. Wedsles A Co.; M. A.
Wedele?-, furs; A. Stein, furo; Pennsyl?
vania.
CHICAGO?A. Cohen A Co.; A. Cohen,
silks and cotton piece goods; Pennsyl?
vania. I
CHICAGO?M. Leopold, pleco good!;
Broslln. ,
CHICAGO?Kann A Friedman; M. M.
Kahn, ready to wear; 1170 Broadway.
CHICAGO?Sears Roebuck Co.; G. V. Ket
tlewell, L. J. Mead, furs; 115 Fifth Ave.
nue.
CHICAGO?Anderson & Co.; I/. C. Ander?
son, tailors to trade; Herald Square.
CHICAGO?Carson, Pirle A Scott; T. A.
Lamond, domestics; 404 Fourth Avenue.
CHICAGO?The Fair; Miss N. B. Clifford,
bathrobes; 225 Fourth Avenue.
CHICAGO?Sugarman, Inc.; L. Sugarman,
furs, skins, clothing; Grand.
CHICAGO ?A. Weiss & Co.; A. Wolss,
mfrs. dresses, waists; Pennsylvania.
CINCINNATI?The Pair; Miss E. Krause,
corsets; 23 East Twenty-sixth Street.
CINCLNNATI? Simons & Levy; J. Simons.
Wolcott.
CLEVELAND?M. Borman, women's wear;
Broadway Central.
CLEVELAND?Bell Cloak Co.; H. Leld
nar, ready to wear, etc.; Marlborough.
CLEVELAND?Hart Co.; G. Kline, mil?
linery; 37 West Thirty-second Street.
CLEVELAND?William Taylor Son & Co.;
?Mrs. E. Snell. furs; 225 Fifth Avenue.
?CLEVELAND?Kux Bros.; L. Kux, tailored
dresses; Cumberland.
COLUMBUS, Ohio?Tho Harrington Co.;
F. C. Harrington, Jowelry; Aberdeen.
DANBURY, Conn.?F. E. Hartwell & Co.;
F. B. .Hartwell, clothing, blankets;
Murray Hill.
DANVILLE, Va.?H. Newman, men's, boys'
clothing; The Annex.
DAYTON, Ohio?Rike Kumler Co., dry
goods; F. H. Rike, president; I. G. Kum?
ler, vice-president; 225 Fifth Avenue,
room 826.
DAYTON. Ohio?Rike Kumler Co.; Miss N.
A. Pariieson, millinery; 225 Fifth Ave?
nue; Assoc. Mdsg. Co.
DHCATUR, III.- -Linn & Scruggs Carpet
Co.; C. W. Poole, handkerchiefs, neck?
wear, ribbons, etc.; 1133 Broadway.
DES MOINES, Iowa?Wilklns Bros.; Mr.
Coe, general dry goods; 1270 Broadway;
Stanley Macrae.
DETROIT?J. L. Hudson Co.; L. Brown
hill, cloaks, suits, furs (basement); 225
Fifth Avenue.
DETROIT?E. Kern Co.; Miss H. Renner,
infants' wear; Miss A. Watko, cloaks,
suits, furs, waists; McAlpln.
DETROIT?Nawcomb-Endlcott Co.; P.
Rice, basement, ready to war elothln?;
200 Fifth Avenue.
DETROIT ? H. L. Bartlett. basement
dress"?: Mrs. C. Sloan?, asst. ribbons;
225 Fifth Avenu??; Assoc. Mdsg. Corp.
DETROIT?William H. Miller S- Co.; F.
Coults; J. Wirth, furs, skins; McAlpiu,
EA3TON, Pa.--E. S. Blxlor Co.; K. S.
Blxlor, woolen pleco goods; Grand.
EASTON. Pa.?F. S. Bixler Co.; E. S. Blx
1er, domestics, manufacturing depart?
ment, overalls; Grand.
FARiViERv li^o, Va.?C. B. Cunningham
Co.; C. B. Cunningham, general mdse.;
Gregorian.
FLORENCE, S" C? L. E. Waters, dry
goods; Broztell.
FORT WORTH, Ind.?J. Stlllman, coats,
suits, dresses; 37 West Twenty-sixth
Street. ?
FOREST CITY, Ta.?Joseph Co.: H. M.
Joseph, dry goods; Broadway Central.
FRESNO, Calif.?E. Goltscnalk Co.; M.
Christiansen, china and glassware;
Navarre.
GENEVA. Ohio?J. B. Fuller Dry Goods
Co.; J. B. Fuller, dry goods; Walllck.
GLBNS FALLS, N. Y. ? F. W. Wiley; F.
W. Wllev, ready to wear; Tho Annex.
GLOVERSVILLE, N. Y.?M. Lurio Co.;
Mr. Levinson, silk and serge di-esscs; 37
West Twenty-sixth Street.
GREAT FALLS, Mont.?Tho Paris; W. C.
Cobb, toys, rugs, draperies; 116 West
Thirty-second Street.
HAMPTON, Va.?M. J. Goldstein, cloth-!
Ing; I'eSnsylvanla.
HAVERH1LL, Mass.?Hooker-Howe Cos-;
tumo Co.; C. Hooker, costumes; Alcazar.
HOUSTON, Texas?Levy Bros. Dry Goods
Co.; L. L. Harris, hosiery, laces, notions, j
handkerchiefs, fancy goods. ribbons,;
gloves, Jewelry, glassware; 1150 Broad
way, 8th floor.
HUNTINGTON, Ind.?N. Samuel, women's
wear and millinery; Alcazar.
INDIANAPOLIS?Hurst & Co.; T. H. Sul?
livan, cotton goods, blankets, hosiery, un?
derwear, sweaters; Flanders.
INDIANAPOLIS?A. J. Trear & Son; E. R.
Treat', merchant tellers ; Pennsylvania.
ITHACA, N. Y.?Rothschild Bros.; T. H.
Greenway, cloaks, suits, furs, waists; 44
East Twenty-third Street; room 508.
JOPLIN, Mo.?Newman Mercantile Co.; II.
O. Henderson, house furnishings, china;
1133 Broadway; H. C. Lyon.
KINGSTON, N. Y.?William Sahloff'o
Sons; F. Saholff. general mdse.; Walllck.
KNOX.VILLE, Tenn.?Daniel Briscoe Co.;
S. F. Dosser, notions; 72 Leonard Street.
LANCASTER, Pa.?Matt & Shand; Will?
iam Shand, representing; 432 Fourth
Avenue.
LANCASTER, Pa.?Watt A Shand; C. M.
Shertzer, silks, blank goods; 432 Fourth
Avenue; 6th floor.
LANCASTER. Pa.?Buchanan A Brown; J.
A. Buchanan, cloaks, stilts, millinery;
notion?, furnishing goods; Pennsylvania
LARNED, Kan.?J. L. Dewey, clothing;
Pennsylvania.
LENOX. Mass,?Peters & Sons; L. Paler?,
drapery, etc.; Grand.
LINDEN, Ala.?L. Paletz Co.; L. Palet:*,
clothing and general mdse; Broadway
Central.
LOS ANGELES?Broadway Dept. Store;
Miss A. Morley, women's knit under?
wear, children's, women's hosiery; 96
Madison Avenue.
LOUISVILLE ?David Baird A Sons; D.
Balrd, ladles' hats: 621 Broadway.
LOUISVILLE?D. Balrd A Son; H. Hett
rlch.hats; 621 Broadway, r-oom 641
LOWELL, Mass.?J. L. Chalifoux Co.; Miss
At. Morris, toilet goods; Murray Hill.
LYNCHBURO. Va.?A. W. Hawkins Co.;
A. W. Hawkins, women's furnishlnes
Elks' Club. '
MALVERN, Iowa?F. MulhoUand, cloth?
ing and general merchandise; ElkV
Club. ,
MARION. Ohio?Uhler-Phlllips Co.; C. W.
Roykouff, upholstery, draperies, curtains, '
floor coverings; 44 East Twenty-third I
Street.
MARTINSV1LLE. Va.?M. Marks A Co ?
M. Marks. dry goods, clothing and
3hoes; Grand.
MACON, Ga^?-Dannenberg Co.; G, Jones
tras, 64?56ci firsts, 62953o; Imftatlon
creamery, firsts, 46?) 47c; ladles, current
make, firsts, 43? 44c; seconds. 4V4?4lc
lower grades, >9?40c; packing stock, cur?
rent make, No 1, 40c; No 2, 39o; lower
grades, 36?38a
Che*se? Receipts wore 431 boxes. State
whole milk, held flats, specials, 30@3lr:
average run. 28%?29c; lower grades, 15?
7,;i~'.,? lr"%hel<i- special?, colored or whit?
llFJL.' ,?leri'K0 ?ru;-- 28?33%c: lower
grades, 18?37c; Wisconsin, whole 'milk
Iw?n\n2JP,i9c? 3ln&? ?aisles, fresh or
held, 30? 31c; Double Daisies, held 28% ?
ole; Young Americas, 32?33c; State skims
l??sV^0,1*,1"1 "?--<-: Prime to choice;
14ij)16c. fair to good, ll<ffl3e; i0v?r
grades, 4?10c. ?-*??-? ??wer
w.J7i?,?..t7Rec.'?p?8 w?re 16,486 cases. Fresh
f?????' fl?ti"-?,?0--' ?s????-; ?tra firsts!
????IS: ??-,"-,"? 6i?'' ?econds and poorer
il%lil\ ??'r-??r??**r. firsts, charjfss paid.
ribbon? and knit underwear; 111 Fifth
M?STbvvTr?il>$?*>?
MI8DD'r bBV?% y - "mpkln. Dry
noods Co ; S. Mlllpaugh, dress good,..
Siks linings, men's furnishings, toys,
milMnery; J. B. Rowley, cloaks, suits,
furs, not/onai 404 Fourth Avenue; Con
m?lTON'" Fla.-Bates Dry Goods Co. ; H.
Its tes dry goods and millinery; Pennsyl
MlT,\VAirKKE--Melnecko Toy Co. ; A. K.
Mel necke, fancy goods toys; Manhattan.
M1NNBAP?LIS-M. L Rothschild Co^ ; J.
i.. u. ,??. mena furnishings. Neville.
MONTREAL Can.?Greenshild's. Ltd.; W.
MA Maft n??n; wash goods; Manh?atan
AtnNTFtEAL?C. Schacher, furs; Breslln.
MOUNT PLEASANT. Pa.-Leader Dept
Store; W. Rakusln. dry goods, general
NASHVILLE?Castnor, Knott D. O. Co^;
O Kelly, waists and furs, ..3 K?st
Twenty-sixth Street.
NBWBKRN. N. C?Salem & Hube le; Mr.
Halem Mr. Hubelle, dry goods, clothing,
shoes;' Broadway Central.
NEW BERN, N. C.?F. Nasseff, dept. atore;
Broadway (.'entrai.
NEW HAVEN?-J. H. Starln. woolen piece
icontls; Park Avenue.
NEW HAVEN?Edward Malley Co.; w. J.
McGuire men's furnishings, knit under?
wear, hosiery, i?''>ves; 404 Fourth Ave
NBW* HAVEN ? Lawrence Eck, woolen
niece goods; Park Avenue.
NORFOLK, Va.?J. Myers, women s wear;
NORWICH," Conn. ? Reld & Hughes; A.
Sharp, ready to wear; 404 Fourth Ave
NORWICH, Conn.?B. Ootthelf 4: Co.; L.
I, Gotthelf, ready to wear; The Annex.
OSHK08H, Wls.?Henderson, Hoyt & Co.;
C. W. Hoyt, ready to wear; Pennsyl?
vania. _
Pllii...iJELPHIA?N. Cramer & Sons, C.
II Cramer, mfrs. clonks, suits; 33 Vvest
Thirty-fourth Street; Bristol.
PHILADELPHIA?Frank & .Seder; Miss 8.
Wechler, children's, Infants' w?3r; 884
Fifth Avenue; Oscar Abel.
PHILADELPHIA?New York Cloak & Suit
Mfg. Co.; S. Cohen, woolen piece goods;
Grand. ? _
PHILADELPHIA?M. Sllvernian & Son;
William Slfverman, woolen piece goods;
113 East Twentv.fourth Street.
PHILADELPHIA?C. S. Tanquay & Co ;
C. S. Tanquay, woolen pioco goods;
Orand.
PHILADELPHIA?Glmbel Bros.; A. O.
Cressman, muslin underwear, waists, int
fants' wear; Broadway and Thirty
second Street.
1 PHILADELPHIA?D. Degensteln & Co.; D.
? Degensteln, infra, cloaks, suits; 1182
Broadway, room 803,
I PHILADELPHIA?T. P. McCutcheon A
Bros.; W. H. Hoffard. mfrs. men's fur?
nishings and neckwear; The Annex.
PHILADBLPHIA?Strawbrldge & Cloth?
ier' F. P. Walsh, house furnishings; T,
Powers, handkerchiefs, linens; 230 Fifth
PHILADELPHIA?B. Axe & Co.; B. Hark,
cotton piece good?; Pennsylvania.
PHILADELPHIA?Sarhuel Weiss, women's
wear; Herald Square.
PITTSBURGH?-Sack <fc Son; G. Sack,
tailoring goods; Grand.
PITTSBURGH?McCreery & Co.; J. E.
Davles, silks, cotton and woolen piece
goods; 23 East Twenty-sixth Street.
PITTSBURGH ? Arbuthnot - Stephenson
Co.; E. C. McCabe, notions; 43 Leonard
Street.
PORTLAND, Me.?Eastman Bros. & Ban?
croft; Irene Jardine, dresses; Mrs. Web?
ster, waists; J. I. Clark, china, glass
, ware, housefurnlsings, toys; J. B. Ams
b?y, silks, dress goods, ribbons; 404
Fourth Avenuo.
PROVIDENCE?ii. Llppman, remnants;
Broadway Central.
PROVIDENCE?Gladding D. G. Co.; D. W.
Morton, dress goods, silks, cottons, pat?
terns; 200 Fifth Avenue, room 518.
PROVIDENCE?J. P. Mourin Co.; J. P.
Mourln, jobs silk dresses, suits; 277
Fifth Avenue; Hart, Flanagan & Co.
READING, Pa.?KUne-Epptheimer Co.; R.
T. Lenhart, domestics, flannels, blankets,
linings, hosiery, millinery, notions, rib?
bons, trunks, leather goods; J. S. Tobias,
furniture, upholstery; S. E. Heckman.
carpets, rugs; 44 East Twenty-third
Street, room 608.
READING, Pa.?W. F. Buckley, millinery;
Orand.
READING, Pa.?C. K. Whltner & Co.; W.
K. Cotterell, house furnlanlngs; J. B.
Mercer, notions, toilet goods, jewelry;
Pennsylvania.
RICHMOND, Va.?Thalhimer Bros.; B. J.
Beale, silks, velvets; Walliclc.
ROCHESTER?McCurdy & Co.; E. E.
Swartnout, dress goods, silks, velvets,
linings; 6 West Thirty-second Street;
c.i...- lueyer.
ROCK HILL. S. C?R. W. Cranford Co.;
R. W. Cranford, dry good* and cloth?
ing; Aberdeen.
SAGINAW, Mich.?M. W. Tanner Co.; H.
P. Baker, dry goods, general merchan?
dise; 1170 Broadway; Breslln.
SALT LAKE CITY?Slater Bros.; J.
Slater, men's furnishings; Astor.
SANDUSKY, Ohio?The Herb & Myers
Co.; .Mr. Nicholi, silk and woolen piece
good; Walllck.
SAN FRANCISCO?Rapheel, Weill & Co.;
D. Eiszer, basement notions, veilings.
Jewelry, ribbons; 15 East Twenty-sixth
street.
SAN FRANCISCO?California Fur Co.; D.
Hnmhurger, furs exclusively; 303 Fifth
Avenue.
SCHENECTADY, N. Y.?Mrs. M. Thomp?
son, millinery; Grand.
SHA-MOKIN, Pa.?Max Hirsch, dry goods;
Grand.
SHBBOYGAN, Wls.?J. and W. Jung Co.;
A. Christoph, shoes; 37 West Twenty
sixth Street.
SPRINGFIELD, Mass.?D. G. Poole Co.; A.
F. Baiter, upholstery, draperies; 106
Grand Street.
ST. LOUIS- Scruggs, Vandervoort & Bar?
ney; C. E. Toole, basement ready to
wear mdso. manager; 225 Fifth Avenue;
Assoc. Mdsg. Corp.
ST. LOUIS?Famous ??-. Barr; R. Lokart.
misses', ladies' wash goods; 37 West
Twenty-sixth Street; M. Sostman.
ST. LOUIS?M. Bonn Jewelry Co.; Mr.
Cerf, representative; Pennsylvania.
SYRACUSE?Aldeman Co.; M. Aldeman,
general merchandise; Walllck.
SYRACUSE?Miss S. A. Scanlon, millinery! ;
McAlpin.
SYRACUSE?Chappell Dyer Co.; G. C.
Whiting, white goods, linens; 6 West
Thirty-second Street; Great Northern.
TERRE HAUTE, Ind.?J. Goldburg & Co. ;
Miss M. McGurty, waists; 37 West i
Twenty-six Street, 7th floor.
TORONTO, Can. ? Lion Dress Co.; M. j
itosentlfal, mfrs dresses; Pennsylvania. I
TULSA, Okla.?Wright Clothing Co.; E. :
Wright, clothing; Herald Square.
VANCOUVER, B. C.?Hudson Bay Co.; G. I
Crump, hardware, trunks, bags, toys, I
holiday goods; 220 Fifth Avenue; room
1411.
VICKSBURG. Miss.?Bock. Flschell D. G. !
Co.; D. Bock, ready to wear, notions,
dry goods; Colllngwood.
WASHINGTON?H. Dodelt, clothing and!
furnishing goods; Herald Square.
WILKES-BARRE?Wllkes.Barre D. Goods l
Co.; Miss E. Davis, notions; Miss C. j
Jones, toilet, leather goods, Jewelry; 23
Bast Twenty-sixth .Striet.
WOONSOCKET, R. I.?Harria & Mowry j
Co.; (>. A. .Mayer, dry goods; 404 Fourth >
Avenue; Walllck.
WORCESTER, Mass.?The Louise Shop; i
Miss Mourin, jobs sample suits, silk
dresses; 277 Fifth Avenue.
YORK, Pa.?York Mfg Co.; J. N. Zimmer?
man, general merchandise; Herald |
Square.
STORK, Pa,?James McLean & Sons, dry
goods; A. E. McLean, merchandise man?
ager; 432 Fourth Avenue, 6th floor.
YOUNGSTOWN, Ohio?Strouss-llirshberg
Co.; Miss E. Bott, handkerchiefs and
neckwear, ribbons; S. V. Ixiurle, Jewelry,
tollot goods, stationerv: 1150 Broadway.
YOUNGSTOWN, O.?G. M. McKelvey Co.;
F. Barclay, carpets, linoleums, draperies,
upholstery trimmings; 3270 Broadway,
room 614.
YOUNGSTOWN, O.? Strauss-Hirshberg Co. ; ;
B, M. Hoover, floor coverings, draperies; !
6 West Thirty-second Street.
YOUNGSTOWN, O.?StrauBs-Hirshberg Co. ; ;
Mr. Goldstein, ready to wear, piece
goods; basement; 1160 Broadway; Baer !
& Lllllenthal."
YOUNGSTOWN, Ohio ? G. M. McKelvey!
Co.; E. L. McKelvey, general manager;
1270 Broadway; Macrae.
YOUNGSTOWN, Ohio ? Geo. L. Fordyce
Co.; Miss S. E. Medley, gloves, handker?
chiefs, ribbons; 404 Fourth Avenue.
Buyers Coming
ALBANY?M. -Lurie Co.; M. Rosenthal,
cloaks, suits; 37 West Twenty-sixth
Street; Is expected February 23.
MARTINSBURG, W. Va.?Louis Llpslc;
, Louis Llpsic, ready to wear; McAlpin;
Is expected February 23.
PITTSBURGH?M. Lurie Co.; Mr. I'dis,
coats, suits, skirts, dresses: 37 West
Twenty-sixth Street; is expected Febru?
ary 2 3.
TROY", N. Y.?M. Lurie Co. Dept. Store;
Mr. Vando Noort, cloaks, suits; 37 West
Twenty-sixth Street; is expected Febru?
ary 2 3.
30 046o; State, Pennsylvania and nearby
Western hennery whites, extras, 71072c;
firsts to extra firsts, 68 070c; gathered
whites, firsts to extra firsts, 68 070c; Pa?
cific Coast, whites, express, extra firsts to
extras, 70c; firsts, 67069c; pullet?, Peta
luma, 63c; other Western and Southern,
gathered whites, 65069c; State, ' Pennayl- i
yanla and nearby, hennery browns, extras,
70c; gathered brown and mixed colors,
? ?xtras. 68069c; firsts to extra tlrats, <;5?
James E. Coakley, formerly associated!
with Morns & Wllmarth, has become af
fillated with Leopold Spingarn.
Frederick H. Goff, president of the
Cleveland Trust Company, has be"n elected
a, member of the board of directors of the
Equitable Trust Coiupany of New York.
The Woodburn OU Corporation reporta
n?t earnings for the month mt January
O? ?110,611, '
Investment
Information
Question?* ?/ general intereet te
tnveetor? ?ill be aniwtted in thi$
column, in which ease only initiale
will be used. Other? will bo an
twered by mail. Addreee all in
Suiriee. ineUeing a ?tamped, ad
retted envelop? to Financial Editor,
The Tribune, 15.i Naseau Streit, New
York City.
Armour Leather
Question?Kindly inform me it you con?
sider Armour Leather Company stock a
good Investment. "In order to safeguard the
! common stockholders, the founders' ?shares
? will not be entitled to participate in profits
for 1920 if earning? available for dividends
I ?hall be less than $4,000.000.** If earnings
amounnted to $4,000,001, being above the
$1.000.000. what is to prevent the founders'
1 shares taking equal share with the common
'stock? Speculative stocks do not appeal to
i me. Safety first Is my motto. As a matter
: of fact, do you believe there is any safer
I investment than first class municipal bonds?
I ?D. 8.
Answer?Tho Armour Leather Com
I pany is a combination of the tanning*
{companies and ^leather assets now
j owned by Armou? & Co. No value 1for
? goodwill is included in the capitaiiza
i tion. The earnings of these companies a
| are stated to have averaged 12.6 per
cent on the $15,000,000 common stock
I after deducting dividends on the $ 10,
1000,000 preferred stock. The preferred
stock appears to be entitled to a fair
investment rating. The common stock
is, of course, speculative. The circular
[announcing the formation of the com
j pany states that after preferred divi
! aends the remaining surplus earnings
I shall be available for dividends on the
I common and founders' stock in equal
aggregate amounts. For a period of
i three years dividends on the founders'
; stock shall be limited if earnings are
j less than $4,000,000. Good municipal
j bonds certainly are one of the safest
1 forms of investment
I. R. T. Bonds
Question?I have $3,000 of the Interbor
ough Rapid Transit 5 psr cent bonds. I
paid about 97 Va for same. I see they are
now worth 49. Had I better sell now or
hold on to them? Do you think the com?
pany will go into a receiver's hands? I
also have $1,000 of the New York Kansas
City 5 per cent gold bonds that have passed
the coupon. Do you think they will go Into
the hands of a receiver??C. T. W.
Answer ? The Interborough Rapid
Transit 5 per cent bonds are so low in
price that it would appear wiser at this
time to hold them rather than sacrifice
them at this level. In case of receiver?
ship the bondholders would own the
property, assuming the lease with the
city. Under these conditions, while
there might be temporary default in
interest, it does not appear likely that
the bondholders would fare so badfy.
The Kansas City Railways Company is
in bad shape. It looks like a long
drawn out affair.
Southern Pacifie
Question?Is the entire Southern Pacific
Company under government control or only
the railroad portion at the company's busi?
ness ? Do you consider S. P. a buy and a
reasonably safe investment at par or under?
Are the foreign government bonds a buy??
S. A. S.
Answer?The government took over
the railroad and steamship properties
of the Southern Pacific Company.
Southern Pacific has been a good earner
even on government operation. It re?
mains, of course, to be seen what re?
sults will be attained under the new
railroad legislation. We do not be?
lieve that Southern Pacific will suffer
under the new plan. English, French
and Belgian bonds offer good specula?
tive investment opportunities, par?
ticularly with the present low exchange
rates. Too much uncertainty en?
shrouds Germany to entitle the bonds
of that nation to anything but a pure?
ly speculative rating.
Freeport Texas
Question?Will you please give me your
advice on Freeport Texas ? I bought twenty
five shares at 42 and would like to know if
! there is any real vntuo in the stock, for if
: such was the case I would boy twenty-five
i shares at the present market, so as to reach
\ a better average..?T. S.
Answer?Freeport Texas was forced
? to go into surplus account in order to
; pay recent dividends. The dividend due
'. last month was passed on account of
! the poor market for sulphur, one of
I the company's chief products. The
stock of the company represents a large
; capitalization. ?o doubt this company,
; as well as many others which have re
I organized upon such a basis, has
found it difficult to make a good show?
ing. The stock seems to offer specula?
tive possibilities at present levels.
Northern States Power
Question?Will you kindly give me your !
opinion of Northern States Power preferred !
stock as an investment. I understand that 1
for the year 1919 the earnings of the com- 1
pany have been very satisfactory and that I
the company is very ably managed, with a ?
constantly increasing business. Will you '
give me such facts as you have that tend to ,
affect its standing as an investment??E.
B. B.
Answer?For the twelve month? ended
October 81, 1919, the Northern States
Power Company earned 9 per cent on
the common stock, against nothing for j
the year previous. These are the beat ?
earnings the company has shown in '?
several years. The company has done
considerable new construction work, ex- \
penditure for this work during 1919 !
aggregating more than $3,000,000. The ]
preferred stock is entitled to a very :
fair rating. *
Italian Government Bonds
Question?Would appreciate your advice on [
an investment in bonds that the Italian gov
erament is now selling. Do you' think it is |
safe? Are brokers In bonds entitled to |
charge a commission to the buyer? Do they !
get a commission from the seller? What is
the rate they usually charge??L. C.
Answer?The Italian government
bonds offer fair opportunities to ob?
tain a good return on the investment.
Italy is not likely to recover from tho
effects of the war as quickly as France
or Belgium. She has not been such a
large producer as either of these coun- !
tries. Yet the government appears able j
to maintain itself. We see no reason :
why tho bonds are not entitled to con?
sideration as a speculative investment.
If a broker buys boiWs for yo? h? is
entitled to a commission. He pur?
chases the bonds from some one else,
who pays him no commission. The
usual rate is one-eighth of 1 per cent,
or $1.28 per $1,000 bond.
Atlantic, Gnlf & West Indies
Question?What is your opinion of Atlan?
tic, Gulf A West Indies preferred as an in?
vestment??B. H.
Answer?This stock has preference
as to assets, as well as to dividends,
and is subject to redemption at plfr,
$100. It is non-cumulative. The com?
pany's earnings last October were re?
ported to be running at over $50 a
share on the common stock, and it was
said to be well supplied with funds, its
working capital being over $30,000,000.
Its interest from cash in banks and re?
turned from chartered ships alone was
reported to be enough to cover the
company's bond interest and dividends
on the preferred stock. The company
has made large investments in oil prop?
erties, pipe lines, terminals and new
tank Bteamers. The preferred stock
seems to come well within the invest?
ment classification.
Four full columns of in?
vestment questions and an?
steers are published in The
Tribune every Sunday,
DIVIDEND NOnCSS
Consolidated Interstate-CaHain
Mining Company
61 Broadway, New York City.
The Board of Directors of Consol!
dated Interstate - Catlaha? Mining
Company has ?his day djclared a
regular yearly dividend of rwo Di>|.
lars f$2.00) per share ot, its out?
standing capital stock, payable Flttj
Cents it.60) quarterly; the first quax*
terly dividend to ?*> paid March tOth,
1920 to stockholders of reeord on
March IS. 192? The tranaUr bau,
will not close.
H. T. M'MEEKIN. Treasurer.
Pated New York. February 17, 132?,
REI-UBIJC ,IRON * STEEL COMPANY.
I'REFERRED DIVIDEND NO. <;<?.
At a. meeting of the Board of Director?
of the Republic Iron & Steel Company, th?
1 regular quart'-rly dividend of \\f, on th?
Preformd Stock was d'-clarcd payable Apri;
: 1st, 1920. to stockholders of record March
I 15th. l'J20.
The Annual Meeting- of ?he Stockholder?
I of the Republic Iron & Steel Company wir
i be held at the office of the Company, it
! Exchange Place. Jersey City. X. J.. on
i Wodnosday. April 21st. 1920. at. n o'clock
in the forenoon, for the transaction of anv
' and all bue!nc?s that may properly core?
; before the meeting. Transfer book? of th?
! Company, both Common and Preferred, *n
? be closed at 3:00 P. M. March 15th. 192?
; and re-opened at 10:00 A. M. on April
1 22nd, 1920.
COMMON DIVIDEND NO. 1?.
At a meeting of the Board of Director?
of the Republic Iron & Steel Com-iany, a
dividend of l%94 on the Common Stock
was declared payable May 1st. 1320, t?
stockholders of record April MUi, 1929,
Books remain open.
RICHARD JONES, JR., ?eernary.
-?-:-?t
THE NEW TORK AIR BRAKE CO.
SIXTY-NINTH QUARTERLY DIVIDEN})
The Board of Directors has this day d*
- clared a dividend of TWO AND ONR
' HALF PER CENT for th? quarter payaba
March 24th, 1920, out of the surplus at thl
? end of the year 1919, to .?fockholders A
! record at the clos? of business March 2nd,
1920. The transfer books will not close.
: Checks for dividend ^vill b" mailed ta
! stockholders et the. addresses last fur
? nished to tho Transfer Offli e,
C. A. STARBUCK, President.
New York, February JSch, 1920.
; American Telephone & Telegraph Co.
Agdlvidend of Two Dollarn per share wll!
I be paid on Thursday, April 15. 1920, t0
i stockholders of record at the close of boat
; ness on Friday, March 19. 1920.
On account of the annual meeting th*
I transfer books will be closed from Eatnr
' day. March 20, to Tuesday, March 39, 19}?,
? both days included.
G. D. MILNE. Treasurer.
MERGENTHALER LINOTYPE COMPANY.
Xew York, February 17, 1920.
Dividend 87.
A regular quarterly dividend of 2t? per
cent, on tho capital stock of '?'? r?'mha'.?
Linotype Company will be paid on March
31, 1920, to t^ho stockholders of record at
they appear at the close of business on
March 8. 19 20. The Transfer Book? wll!
not bo closed.
JOS. T. MACKEY. Treasurer.
AMERICAN POWER & LIGHT CO.
71 Broadway. New York.
COMMON STOCK DIVIDEND NO. 2?.
The regular Quarterly dividend of one
per cent. Clr'o) on the Common Stock o?
the American Power & Lltfht Company ha?
been declared, payable March 1, 1910, te
common stockholders of record at the
close of business February 19, 1920.
WILLIAM REISER, Treasurer
FINANCIAL
WESTERN ELECTRIC COMPANY, D?
CORPO RATED.
195 Broadway.
New York. February 19, 1PI0.
To the Holder? of the Six Per Cent. Pre?
ferred Stock of Western Electric Com?
pany, Inc. :
YOU ARE HEREBY NOTIFIED that
this corporation, in exercise of the right
reserved in its certificate of Incorporation,
has elected, by vote of lta Board of Direc?
tors, to purchase, In the manner herein?
after set out, on March 9, 1920-, at th?
price of One hundred and twenty dollars
($120) per share and all unpaid dividend?
therVon. all outstanding shares of the as
per cent preferred stock of this corpora?
tion of the total par valuo of Thirty mil?
lion dollars (230,000,000). ?
Certificates representing said stock, duly
| assigned by the stockholder of record or
i his legal representative, either in blank
| or "For Redemption," must b"> delivered
1 to this corporation at Its office, No. 196
i Broadway, New YoTk City, on or before
? March 9. 1920, and the corporation will
i ?lay on March 9, J920, for ?-Mid stork th?
' sum of Ono hundred and twenty dollars
; ($120) p,-r share, plus unpaid dividends
1 thereon to and Including March 9. 1930.
j of One dollar and fifteen cents i $1.151 per
! share. Where payment is desired lo on?
other than the stockholder of r>--ord. the
signature of euch stockholder of record
must be guaranteed.
Certificates for all 6uch stock which
shall not have been so delivered to this
corporation on or before March 9. 191?,
may be delivered after that date to Bank?
ers Trust Company, No. 16 Wall Street.
; New York City. On March 10, 1920. thi?
! corporation will pay to said Bankers Tro*
Company a sum sufficient for the par
, ment to such stockholders a? shall not
have delivered th"ir stock certificates to
this corporation on or before Man h 9.
| 1920, the amount to which they would
have been entitled If their stuck certifi?
cates had been so delivered to this cor?
poration, with instructions to said Trait
Company to pay the same to such stock?
holders upon demand by them and delivery
to said Trust Company of their stock cer?
tificates duly assifined as aforesaid.
After March 9. 1920, the holders of said
preferred stock, whose certificates sball
not have been delivered to this corpora?
tion as aforesaid, shall not be entitled to
any rights as stockholders, but their only
right shall be'to receive payment from
said Bankers Trust Company as aforesaid.
Upon due authorization by vote of th?
stockholders, the authorized capital stock
of the corporation will be reduced by the
retirement of all of the preferred ftock
called for purchase hereunder
By order of the Board of Directors.
CHARLES G. DuBOIS. Preside
e si dent.
WILLIAM CRAMP & SONS SHIP AW
ENGINE Bl 1LDING COMPANY
Sinking Fund Notier
Fidelity Trust Company (formerly The Fi?
delity Insurance, Trust a- .1 .Sufe Deposit
Company), Trustee under Mortgage of th?
William Cramp & Sons Ship and Engine
Building Company, dated Mar.-li 1, 189?. In?
vites tenders or proposals f(,r bonds issued
under said mortgage to be surrendered iw
redemption; proposals to be opened aiJ
awards made on March 2nd, 1920, at U
o'clock noon.
FIDELITY TRUST COMPANY.
Trustee. 325-331 Chestnut Street. P&U?*
delphia, Pa.
WM. P. GEST, Pr?sident
February 5, 1920.
FINANCIAL MEETINGS
THE MERCHANTS NATIONAL
BANK of the CITY of NEW YORK
NOTICE IS HEREBY Gl\ ?N that ?j ?
meeting of the shareholder? of ine *?'?
chants National Bank of the City of >??
York, held on January 18, U'?O, It ??
?etermlned to take such proceeding ?*
may be necessary or convenient to ???
? anlze this Bank.ng Assoclatioi. u M?
corporated baoit of the State of JJJf
York by the name of The Merchants BU?
?? the City of New York; and also tot*
when this Bank shall have been or!??"!
as an Incorporated bank of the eta? ??
New York proceedings be taken to nw*
It with the President end Director? el ?*? ?
Manhattan Company.
By order of the Board of Director*
O. K. PAYNTER. CaaW*
Dated New Y.->rk. January 13. It?. __,
THE MERCHANTS NATIONAL
BANK of tho CITY of NEW Y0W
NOTICB IS HEREBY GIVEN that a
meeting of the shareholders oi..TD'? ?ft*
chanta Nationa! Bank of th? UV ?.\ ?j
York, held on January 13, !??? ??-ii?
voted that the aid Bank go into I*?"?
tlon and be close 1 ami dissolved. .?.?
All holders of ~ot*>? and other creo?"
?t aald Banking Association ?re.B;K?f
notified to present ?v=h notes ?no w_.
claims against the Association r"*LJT|
ment at lta Banking Htus?. N^PSiW
Wall Street. New Yo-k City, ontV,/?S?>
ary 2S, 1920. and 'hereafter to ""J^a?
dating agent, the President ?ndv?{r??4?
?t the Manhattan Company, at NUin??
Wall Street. New Tork City.
By order of the Board oLElT^SSaal.
O. E. PAYNTER, ?jff^
D?ted New Yorli. January **-"?_
-^- ~? ,tTH"
NOTICE IS HEREBY GIVEN THAi j.
postponed Annuel Meeting "*'".. Yo*
holders of the WOMAN CITIza> - #(
POBATION will be held at the onw |B
the Company, No. 171 Madisoni ATS? CB
the borough of Manhattan. I?. '",fl ?:"
and State of N?w York, on lh"., tai t??
March. 1?20, at 10 o'clock A. M \r\g0
purpose of electing directors for U"> ^
Ing year and for the transaction ?C p.
other business as may properly em*
fore aaid meeting. .. iaM. ~ 1