New-York tribune. [volume], March 13, 1920, Page 16, Image 16

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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FUfANCIAL MEETINGS
. CHICAGO AXD NORTH WESTERN
RAILWAY COMPANY.
NOTICE OF SPECIAL, AND ANNUAL
MEETING.
Notice la hereby given that a special
meeting of the stockholders of the "Chi
ago and North Western Railway Company,
duly called by its Board of Directors, and
the annual meeting of said stockholders
wll! he held at tJfto G<*n<tra! O "flew of the
Company, at No. 226 West Jackson Boule?
vard, It? the City of Chicago, Illinois, on
Tuesday, the 13th day of April, 1920. at
11 o'clock A. M., for the purpose of con?
sidering and deciding: (1) Whether the
stock holders of the Company win concur
in and authorize the creation of a bonded
Indebtedness, by the Issue, at a*J*?h time?
and in such amounts as from timo to tim*
Its Board of Directors or Executive Com?
mittee may de. ermine, of bonds, pexable
in gold coin of the united Stales of Amer?
ica of or equal to the present standard of
weight and fineness, and limited so that
the amount thereof at any one time out?
standing, together with all outstanding
prior debt of the Railway Company, after
deducting therefrom the amount of all
bondi reserved to retire prior debt at or
before maturity, shall never exceed three
times the outstanding capital stock -of the
Company, otf of a successor corporation,
maturing May 1, A. D. 2037. and bearing
a rate of interest, not exceeding the lawful
rate, to be determined by the B**?ard of
Directors or Executive Committee at the
time of ls8ue. payable seml-annually; and
the execution and delivery by the Com?
pany of a First and Refunding Gold Bond
Mortgage to Trustee? to be designated by
the Board of Directors, duted May 1, 1920,
conveying in treat the corporate property
and franchises described therein, to secure
the payment of all ?uch bonds which are
to be issued for the purpose of purchasing,
redeeming or refunding, before, at or after
maturity, the outstanding obligations of
the Company, and of other companies
whose properties now are or hereafter shall
be owned or acquired by the Chicago and
North Western Railway Company by con?
solidation, purchase or otherwise; for the
purpose of the future enlargement. Im?
provement, extension and equipment of
the properties of the Company and of such
ether companies; for the construction,
purchase or acquisition of other rail?
ways and property, or for the purpose of
reimbursing the Company for money?
which at ahy time may be or may have
been expended for any of the purpose?
aforesaid; and will approve such mort?
gage In the form to be submitted at said
meeting, and will ratify the action of It?
Board of Directors authorizing the crea?
tion of such indebtedness, and the execu?
tion of auch mortgage; and (2) Whether
the Stockholders of the Company will au?
thorize the purchase of all the property,
Including all franchises, rights, privileges
and immunities pertaining thereto and ail
appurtenances thereof -whatsoever, of each
of the following named proprietary
companies:
Wolf River Valley Railway Company,
Relie Fourche Valley Railway Company,
James River Valley and North Western
Railway Company,
Macoupln County Extension Railway
Company.
Iowa Southern Railway Company,
Missouri Valley and Blair Railway and
Rrltige Company.
Wyoming and Northwestern Railway
Company,
Pierce-, Rapid City and North-Western
Rsilnav Company,
Pierre and Fort Pierre Bridge Railway
Company,
The De Pue, I .add and Eastern Railroad
Company, and
The Albany Rail Road Bridge Company,
in consideration of the payment to ?ach
of ^aid companies of th" sum of one dollar
f>r,il the assumption by this Company of
P'l the debts, liabilities and obligations of
each of said companies; and will ratify
the action of its Board of Directors au?
thorizing such purchases upon such term?
and conditions.
The fur'he;- purpose of said meeting will
be the election of Directors and the trans?
act ton of such other business as may com?
before said meeting.
Transfer books ?vil! be clos? d on Friday.
Match 12, 1920, at the close of business
on that day and will be reopened on
WednesdayJ April 14. 1920.
Bv order r,f the Board of Directora.
Dated Chicago, Illinois, January 21, 192?.
WILLIAM H. FTNLEY, President.
JOHN D.'CALDWEIJi, Secretary.
SOUTHERN PACIFIC COMPANY.
NOTICE OF MEETINO.
165 Broadway, New York, N. T.
January 2, ir.20.
Tito Annual Meeting of the Stockholder?
of the Southern Pacific Company will be
held at th" office of this Company in An?
chorage. Jefferson County, Kentucky, on
Wednesday, April 7. 1920, at twelve
o'clock noon, standard time, for the fol?
lowing purposes, viz:
1. To elect fifteen Directors.
2. To consider arid a.-t upon all ques?
tions and matters which the.} legally como
before the meeting relating to Federal con?
trol of the Company's properties under the
act of Congress of March 21, Hi 18. or any
agreement or seulement w.ifti the Govern?
ment in respect thereto or relating to the
termination of such Federal ?ont rol by t he
r?turn of th.* properties or otherwise, and/
or relating to conditions resulting; from or
succeeding such Federal control, and gerP
?rally all eiuestions and matters growing
out of or incident to su? h control, ter?
mination thereof, or following conditions.
'i. To transact all such other business as
may legally come before the meeting, In?
cluding the approval and ratification of all
action of the Board if Directors and of the
Executive Committee since the last annual
meeting of the Stockholders of this Com?
pany.
Cor the purpose of the meeting, the
book* for the transfer of stock will be
closed at 3 o'< lock ('. M., Tuesday, March
23, 1920. and will he reopened at. 10 o'clock
A. M., Thursday, April S, 1920.
By order of the Hoard of Mlt-ec.tors.
UCCH N01LL, Secretary.
THE MERCHANTS BANK
OF THE CITY OF NEW YORK
Notice is hereby given that a Special
Meeting of the Stockholders of this Bank
will be held at the office of the Bank, 42
Wall St., New York City, on March 24.
1920, at 11 o'clock A. V. At this Meeting
the Stockholders will be Invited to, con?
sider and to act, upon an agreement for
the merger of this Bank Into President
and Directors of The Manhattan Company,
which agreement has heretofore been ex?
ecute^ by the officers of this Bank by
authority of the Board of Directors and
has been approved by tho Superintendent
of Banks, and to transact Buch other
busin-ss as may properly come before
the Meeting.
The* transfer books will be closed at the
clos? of business March 23rd and reopen
<at the beginning of business March 25th.
OWEN E. PAY.VTER. Cashier.
THE MERCHANTS NATIONAL
BANK of the SSTY of NEW YORK
NOTICE IS HEREBY GIVEN that at a
meeting of the charoholder? it The Mer?
Chants National Bank of the City of No**
York, held on January 13, 1*2?, It was
voted that the aid Bank go into liquid?
tien and be cloje ', and dissolved.
All holder? of rotes and other cr?ditera
?f ?aid Banking Association are heresy
?otlfied to present ?v/ch note? and other
clslm? against the Association for pay?
ment at its Banking lieuse, Number 41
Wall Street. New Yo**k City, until Febru?
ary 2S. li>20, and 'hereafter to it? liqul
eating agent, the President and Directer?
et the Manhattan Company, at Number ?I
Wr.ll Street, New York City.
By order of the Board of Directors,
O. E. PAYXfER, Cashier.
Dated New York. January IS. IMS.
THE MERCHANTS NATIONAL
BANK of the CITY of NEW YORK
NOTICE IS HEREBY GDVijlN that at a
saetting of the bhareholder? of The Mer*
??ants Natlcnal Bank of the City of N*w
Jerk, held on January 13, 1920, it was
determined to take ?uon proceedings a?
?nay be necessary or convenient le or?
ganize this Banking Association a? an In?
corporated ban.; of che State ef Ne?
York by th? name of The Merchant? Bank
? f th? City of New York; and also that
?rhen this Bank shall have been organiza?
a? an Incorporated bank of the State of
New York proceeding? be taken te merge
It with tho Treoldent ?nd Director? ?f?ta?
Manhattan Company. "
By order of the Board of Directors.
O. E. PAYNTER, Cashier.
Dated N?w T->rk. January 13. 1?J*.
CHICAGO. SArNT PAUL, MINNEAPOLIS
AND OMAHA RAILWAY COMPANY.
NOTICE OF ANNUAL MEETING.
The Annual Meeting of the Stockholder?
?f the Chicago, Saint Paul, Minneapolis
and Omaha Railway Company will b? held
at the office of the company, in the city
ef Hudson, Wisconsin, on Wednesday,
April 14, 1920, at nine o'clock A. M., for
the election of directors and the trans?
action of sucn other business as may come
before said meeting.
S% Transfer books will be closed on Frl
Ay. March 12. 1920. at the close of busi?
ness on that day, and will be reopened on
Thursday. April 16, 1920.
Dated, February 21, 1920.
JAMES T. CLARK, President
fOtCS V. CALDWELL. Secretary.
~ TTJCKAHOE ASSOCIATES.
The annual meeting of the stockholders
ef the Ttickahoe Associates will be held at
the office of the Oompnnv. Room 302. Van
derbllt Avenue Building. SI East 4-d St.,
Borough of Manhattan. City of New York.
X. T., on Wednesday. March 17. 1920, at
10:00 o'clock In the forano*!.:, for the pur?
pose of eluding directors and for the
transaction of such other business as may
be brought before the said meeting.
JOHN IT. STORER, Secretary.
KZW YORK SUBURBS COMPAXY.
The annual meeting of the stockholders
ot the Hew York Suburbs Company will b?
held at the office of the Company. Room
202, Vanderbllt Avenue Building, SI East
42d St., Borough of Manhattan, City of
NsW York, N. T., on Wednesday^ March
17. 198?, at 10.00 o'clock In the forenoon.
(Or '.he purpose of electing til rectors and J
?'???? the transaction of such Other business i
tas may he brought before the said meeting, j
eVUUfM, BZOKSft. Swmtai? ,
Miscellaneous Markets
Public Utility Securities
Bid Asked
Amer Light *. Traction com.. 190 196
do pf . 89 93
Adirondack Eleo Power com., 11 14
do pfd . 76 79
Amer t?as A Electric com.... 125 130
do pfd.
American Power A Light com
do nfd .
Amer Public Utilities com....
do pfd .
American Wu'erworks Electric.
Am W W ft B participating pf
American W W A H l?t pfd..
Carolina Power & Light com..
Cities Service com.
do pfd.
do banker?' certificates.
do 7 p o, series B. 1966.
do 7 p c. serle? C, 1966.
Colorado Power com. .
do pfd .
Commonwealth Pr, RyAL com
do pfd .
Denver lias A Eleo gen 5s....
Hlectrlc Bond ft Share pfd . ..
Umpire District Electric pfd.
Federal Light ft Traction com
do pfd . 42
Ga? & Electric Securities com 300
do pfd . 80
Northern Ohio Electric com. ?
do pfd . ??
Northern Ontario LAP com
do pfd .
Northern State? Power com..
do pfd.
Pacific Gas A Electric pfd....
Republic Ry A Light Co com.
do pfd .
Southern Calif Edison com..
do pfd .V ..
.Standard Gas A Electric com.
do pfd .
Tennessee Ry, LAP com....
do pfd .
United Light A Rys com....
do 1st p-.'d .
Western Power com.
do pfd. . . ?..
Bonds
Appalach Power 1st 5?. 68
Cincinnati (Jas A Elec 5a, '06.. 80
Col Gas A Elec 6s, '27. 79
Col Power. '88. 7 5
Dallas Elec 5?, '22. 99%
EaBt Texas Blec 5s, '42. 75
190
89
11
75
126
38
66
67
7
20
8
47
34
,'i.U
70
40%
155
100
14
no
17
37
S7
88
55
10
50
50
85
83
17
50
86
99
18
87
1
1
63
IS
67
60 I
.3
25
4
7
63 -
37
400
72
41%
103
18
95
20
40
93
90
65
7
47
400
85
20
65
14
55
88
86
18%
? 9
103
20
39
3
9
do
'21
'46..
El Paso Blec col 6s. .
Great West Power 5s,
Midwest Util 6s. 25.
Misa River Power 1st 6s.
North Ont Light A Power 6s.,
North States Power 6s, '26_
Sugar Stocks
Bid. Asked.
n?
65
711.
64
64
70
?7
81
80
83
Jim
83
81
90
73 >
69
87
Card-Am.. 18
do pref. 70
C Aguirre. 85
Fajardo . . 139
Gt West. .400
do pref. 1-15
Guanta'mo. 77
Mat-Am .. .10
t?at-Am pf 70
Michigan.. 11
National .160
Ni Niqueo.225
S Cec new 12
do pref. 7?
78V_(Savannah.. 43
la i do pref. 88
80
87
143
420
118
Bid. Asked.
76
12 M
Chemical Stocks
52
Am Cyan.
do pref.
By-Prod .. 93
Cassin Co. 45
Dow Ch.. .230
Du P C p. 9
Fett Chem.100
do pref. ?
Gruzelli . .155
do pref. 99
10
105
Hook Elec. 65
do pref. 65
Ky Solvay. 80
Mec Co p. 93
Merrimac.. S31,.
Mulford Co 53
Nisg Alk p 95
Semet C..155
Solv Poe.. 180
14
82
46
90
70
70
110
97
87%
56
100
165
Bid. Asked.
Cosden ft Co.- ? T4 9
do new . *U% 45
Elk Basin Petroleum Co. 10"*? 11
Houston OH Co com. 115 120
Imperial Oil, Ltd . 110 116
Magnolia Petroleum Co. 440 460
Merrttt Oil Corporation. 20% 21%
Mid-west Refining Co. 168 170
Northwest Oil Co. 40 60
Producer? and Retinar?, com.. 9 ?Vi
Sapulpa Refining Co .?. 6% 6H
New York City Bonds
Security, rate, maturity Bid. AskrVleld.
Inter 4V.s, 1967. 96% 901. 4.68
do 4%s, 1965. 95% 96'. 4.68
do 4%s, 19*3. 95V. #6% 4.OS
do 4 4?, 1957. 96% 96% 4.69
do 4*4?, 1966. 90 91 4.71
do 4*4?, 1964. 90 91 4.71
do 4%s, 1962. 90 91 4.71
do 4%?, 1960. 90 91 4.73
do 4%s. 1960 op 1930.. 90 91 4.72
do 4?. 1959. 88% 87% 4.70
do 4b, 1958. 86*4 87% 4.71
do 4s, 1967. 86% 87% 4.71
Reg 4s, 1956-1956. 86% 87 4.75
do 4?, 1936. 90 ? 92% 4.61
Inter 3%a. 1964. 77 80 4.66
Coupon 3%?, 1984. 77 80 4.?6
Reg 3%s, 1950-1954 inc.. 4.86 4.65 ?
do 3%s. 1940-1950 inc. . 4.86 4.66 ?
Reg and coup (serial)
4%a, 1919-1930 lhc. 4.85 4.65 ?
Reg and coup (serial)
4V*a, 1919-1931 Inc. 4.86 '.66 ?
Reg and coup (serial)
4'.s, 1919-1932 lnc. 4.86 4.66f ?
New York State Bonds
Issued In coupon and registered form
not Interchangeable. Coupon bonds regts
terable. _ *
Canal Imp 4%s. 1964?. .. .103% 105
Highway Imp 4%s. r963..103% 105
Canal Imp 4 %?, 1965- 99 100%
Highway Imp 4%s. 1965.. 99 100%
Barge Can Ter 4%s, 1945 99 100%
Highway Imp 4s. 1967... 95 9?
Canal Imp 4?, 1967. 96 96
Highway Imp 4s, 1960
1962 inc . 95 96
Highway Imp 4s, 1958... 95 96
Canal Imp 4s. 1960-1962
inc .95 96
Barge Canal Term 4s,
1942 and 1946. 96 ? ?
Canal and Highway 3s,
1966-1959 . on application.
4.25
4.25
4.24
4.24
4.34
4.20
4.20
4.20
4.20
Federal Farm Loan Bonds?
Security, Rate. Due.* Bid. Ask. Yield.
4%?, 1939 op 1924. 96% 97% --
4%?. 1938 op 1923. 96% 97%, ?
4M,?. 1937 op 1922. 96% 97% ?
6?* 1938 op 1923._ 99% 10014 ?
6?, 1939 op 1924. 96% 98% ?
? Short Term Securities
Am Cotton Oil 6? 1924... 96 96% 6.98
Am Tel A Tel 6s. 1922.. 04% 96 8.26
do fls 1924. 94% 94 % 7.80
Am Thread 6s, 192?. 99% 100% 6.85
Am Tobacco 7s 1920.100% 100% 6.00
do 7? 1921 .100*% 101',i 6.10
do 7? 1922. 101 101% 6.36
do 7n 1923 .101% 101% 6.45
Anaconda Cop 6? 1929..., 115 95% 6.60
Avninur A Co con 6? 1920
1924. 99% 100% -
Beth Steel Corp 7?. 1922. 99% 100 7.00
do 7? 1923._ 99% 100% 6.95
Can Pac Ry 6s 1924. 93% 94 7.70
Cent Argon R fl 1927.... 80% 83 -
C H ft Q (Joint) 4? 1921 9:1% 94% 8.35
C C C A SI T. 6h 1929... 86% 87% 8.00
C'Am Sug 1st In 6s, 1921. 99% 100% 6.66
Cudahy Pack 7s, 1923.... 99% 400% 6.85
D A H R R 6b, 1920. ... ?9 99"? 6.00
Fed Sug R Co 6s 1924... 95 ' 96% 0.90
Oen Electric 6?, 1920_ 09% 100% 6.60
Gt Northern Ry 5s, 1920. 98% 98% 7.15
Gulf Oil Corp 6?, 1921_ 97% 98% 6.90
da 6s, 1922. 97% 99 6.41
do 6?, 1923. 97% 99 6.30
Hocking Val R R 6s, 1924. 92 96 7.46
Int?r R T Co conv 78 192.1. 74 76 -
Jacob Dold Pack 7s, 1920. ?9% 10C% 6.40
do 7s, 1921. 99% 101 6.45
do 7?, 1922. 99% 101% 8.45
ilo 7s 1923 . 93% 101% 655
Kan City Tor Rv 6s li/23. 97 98 6.60
Kenn Cop Corp "7s, 1930.. '.n\'i 97% 7.35
L On s L 1st A ref 7?, 1929 Hoi; 96 Vi 7.56
Liggett A M Tfb 6a, 1921 98% 98% 6.80
Molino Plow 7s* 1920. 91) '. 101 6.96
do 7s, 1921. 99% 101% 6.20
do 7s, 1922.. 99% 101% 6.46
do 7s, 1923. 99% 101 V. 6.65
? do 7s, 1924. 99% 101% 6.60
N Y l'entrai 6s, 1920. 99 99% 6.96
Philadelphia "68 1922. 94% 96% 8,60
Pcnna 4 Vis. 1921. 96% 97% 6.35
Proc A Gamble 7s, 1921.. 100 100% 6.00
do 7a 1922 .100% 101%, 6.30
do 7s, 1923.101V. 102% 6.15
Pul) S (' N .1 conv 7s 1922 85% 87% 14.-ID
R .1 Reynolds Tob 6b, 1922 98 98% 6.60
Southern Ry 6s, 1922.... 94 94% 9.10
St P 1" D guar 5%s, 1923 96 97% 6.30
Swift & Co 6a, 1921. 98% 99% 6.56
The W I Sug F C 7s, 1929. 9 4 98 7.30
Utah Sec Corp 6s, 1922.. 84% 86% 12.40
Markets in Other Cities
Baltimore
Open High Low Last
3% 3%
SO
72
22%
Tobacco Stocks
Foil.. 250 325 ,R J Rcy A.520
Con
G W Hms.160
do pref. 97
.1 ?S Young.127
do pref. 90
MacAA F.150
P RA T.. 130
170
im
136
102
160
136
do .er B.-i.O
do pref. 105
Univ Leaf.140
Weyra-B ..160
do pref. 97
540
440
107
108
101
Steel and Ordnance Stocks
Am Bra.is.212 217 |East Steel. 37
162
89
1211
150
68
205
98
110
75
Atlas Pw.155
do pref. 84
Bab & W.118
Bliss, E W.400
do pref. 62
Can F&F.195
Carb SU. . 91
do 1 pf.lOO
do 2d pf 70
Colts A... 54
D P Pow.300
315
Emp S & I 25
do pref. 70
?Here P..200
?do pref 98
Nile? B-P.110
do pref. 98
Scov Mfg.400
Thorn Iron 30
Win Cor..400
Woodward. 43
'?'Ex dividend.
Miscellaneous StocTts
Am Chicle 73
do pef. 72
Am L?ath. 56
do pref. 94
Am Mfg. .155
do pref. 871/.
Am M&F.100
Am Typ F 42
A D T N.I 25
A W c pf 91%
Atlas P C 65
BB?t?S 1 p 80
do 2d . pf 65
Bor C Mk.109
Bush T pf 72
Celluloid .150
Guilds Co. 85
do pref. 95
City Invea 7?!
Crk W pf. 96
D L & W.165
Draper C.141
F R 1st pf 95
Int Sil pf. 55
Lima L pf 90
70
98
165
90
46
35
98%
70
90
75
111
77
155
90
100
75
101
175
145
99
100
95
NaT Cash.?20
N J Z wst.287
?N Co 1 pf.lOO
O'Neill pf. 98
Phelps D.230
?Phil J Cor 50
do pref, 86
!P & W pf. 95
? Reis&C 15
do pref. 82
Ry Bak P.130
i do pref. 86
Singer Mg.155
S L IM&S 43
Stoll ?S pf.lOO
S D F pf.lOO
Stern B p. 103
?T&PC&On. 95
iValvoI pf.lOO
?VRaaltln. 40
i do pref. 80
W C Kerr. 50
I do pref. 77
W & B pf.lOO
Yale & T.260
39
35
75
215
102
lit
101
35
II*
298
103
99 V.
250
70
90
17
84
135
89
ItTO
47
105
103
107
99
104
45
85
05
83
105
275
Sale?
100 Atlantic Pete
1 Ala C and I. . 80
20 Cent Sugar pf 72 72 72
30 Com Credit .1 22% 22% 22%
370 Cosden . 8 ? 8%
240 do pf. 4% 4% 4%
1600 Celestino _206 210 20t?
20 Citizens Bank 42 42 42
10 Canton Co ...188 168 103
126 Cons Power ..100 100% 09
45 Cons Coal ... 89 89 89
90 Davieon . 88 ?8 37%
14 Farmers A M. 47% 47% 47%
30 Kentucky Oil. 4% *hi **
80 Houston pf . . 86 86 86
875 Indlahoma Ref 8% i% 8%
50 Mer A M T. .. 61 81 80
G Mt Vernon ... 53 68 08
226 Mongahaw pf 16 16% 16
21 Northern C .. 67 67 66%
60 Pa. Water P.. 79 81 79
125 United com .. 11% 12- 11%
Bond*
32000 City Balto 3%a 77 77
1000 Cons Pow 4%s 77% 77
4000 Houston O d c.106 106
2000 United, Inc.. 42% 42%
1000 United Ry 4s. 62% ?2%
1000 do id 5b_ 56 nil
1000 Wash B A 5b. 72 72
Boston
60
80
72
22%
8%
4%
200
42
163
90
8.9
47%
4%
56
>%
60
B
10%
68%
Bl v
13
Sales.
700 Swift A Co. .'124%
60 Thompson ... .".I %
55 Tom tor Prod.. 42%
3200 Un Carbide . . 72
600 T'n Iron Writs 62
150 Wahl . 39%
106 Western Knit. 21 %
60 Wilson pf ... 97
75 Wrigli-y . 76
Bonds
'?3000 Com Ed 1st 5a 87
Detroit
400 Charcoal I pf. 6%
200 Lincoln Motor 48 %
? 200 Noble Oil ??- G 1 .63
1400Packard Motor 26 %
4 0 ilo pf. 94 %
7ai) Reo Motor Car 27%
Open. High. Low. Last.
124 1, 123% I'M
48%
1 .63
94% 94 Vi
73
HI
40
20%
07
77
86 % 86 %
5%
48%
1 .63
26%
94%
Philadelphia
330 Am Stores. . . . 45%
23 Baldwin pf. . . . 100
396 Klee Storage. . 120
145 (?en Asphalt. .100
.',1 Insur ?'?> N A 28%
% 77% 77% , "X?OO do warrants IS
106 106 445 Lake Sup Corp 20-*-(
42% '
68(4
42%
02%
02%
?17%
4 5 %
100
120%
105
28%
7%
20%
63
45% 451.
99% 99%
IIS ?a? 119
100 105
12%
80 .
63
.360
4
10 Vit
14%
44%
83
? f.
5
9%
60%
12%
20
?3
360
2 ? y*
43
4
10%
14%
44%
83
4%
6
59
12%
?%
80
12
850
_!!%
4 2 %
4
10%
13%
44
32%
80
02
850
22%
42%
4
10%
13%
44
33
4%
New York Bank Stocks
305
215
160
160
160
440
30?"
590
26
390
.228 233
OlOGarfield N. .230
Gotham ....200
Greenwich .275
Harriman ..360
Hanover ...820
Industria) ..205
Im & Trad.550
?Irving Nat.3S5
Liberty _400
Lincoln _275
Manhat Co. .250
Mech & M. .400
Metrop'tan .340
Mutual _490
Merchants ..230
New Neth. .200
N Y N B A.460
Park .730
Pacific _135
Produce Ex.375
Public .345
Seaboard ...650
Second _400
State .210
23d Ward.. 150
Un States.. 180
Union Ex.. .175
OGOlW'chester A.200
95lYorkvillc ..375
America . . .590
Atlantic ...215
Am Exch...295
Battery _205
Bowery _420
Bryant P...150
Bway Cent. 150
Bronx Nat. 150
Butch ft D. 35
Chase.430
Chat & P. .295
Chelsea Ex. 125
Chemical .. .53?)
Citz Nat...255
City .380
Coal ft I...245
Colonial .. .350
Commerce
Columbia .. 175
Corn Exch. .430
Cosmop'tan.110
Com'cial E..415
Com'wealth.22J
Cuba .170
East River.. 160
Fifth Nat.. 160
Fifth Ave..900
First Nat.. .930
Foreign T B. 85
Trust and Security Companies
450
230
180
170
950
Alliance ... 80
+Am Trust. ?
Am Surety. 73
Bankers . . .365
Bond & M.225
Bklyn T Co.500
Cent Union.390
Columbia . .340
Commercial 150
Empire Tr?.300
Equitable ..295
Farm L & T.425
Franklin
Fulton
Fidelity ...
Guaranty .
Hamilton .
Hudson T.
Kings Co.
.240
.250
. 230
?255
.155
.640
Law Mtge. .115
90
78
375
230
515
400
350
160
305
435
250
260
240
378
265
665
125
Lawyers T.. 122
Lincoln Tr..l75
Manufac'era.205
Mercantile .310
Metropol ...295
Mtge Bond.. 87
Mut T of W.105
Nat Surety.205
?N Y Title. 135
N York T..625
N Y LI&T.725
Peoples ....275
Realty Asso.105
Title G & T. 3 80
Un StatesN830
U S M & T.405
U S T Guar 80
Westchester.130
W & BT&M.165
240
215
380
848
580
395
415
285
425
360
24Q
210
480
755
700
425
185
128
305
93
125
212
146
745
115
390
860
415
85
.140
176
tSce New York Title and Mortgage,
?lncludea American Trust Company stocke.
Insurance Companies
Am Allianee.270 SOO.Great Am..280 . 290
?/Hanover ... 80
City of N Y.175
Con'nwlth. .300
Continental. 72
Fid ft Phoe.620
Franklin .. 85
Globe & R.800
325
78'
655
90
Home .530
Nat Llberty.170
Niagara ...230
Stuyvesant.,? 50
560
180
260
75
Standard Oil Stocks
Bid Asked
Anglo-American Oil Co, Ltd.. 27 28 '
Atlantic Refining Co .1540 1680
do pf . 113 114
*3orne-.Scryniser Co. 425 440
Buckeye 1'lpo Line . 94 97
Chesebrough Mfg Co cons.... 230 245
?1?? pf ?. 105 107
Continental Oil Co . 620 645
Cr.-scent Pipe Line Co. 32 34
I'umberland Pipe Line Co. 140 160
Kureka Pipe Line Co. 138 143
Galena Signal Oil Co. pf, new. 95 98
do pf, old. 99 102
do com . G3 68
Illinois Tipe Lino Co. 175 185
Indiana Pipe Line Co. 97 100
International Petroleum Co... 88 72
National Transit Co. 29 si
New York Transit Co. 186 190
Northern Pipe Line Co. 100 104
Ohio Oil Co. 870 380
Penn-Mex Fuel Co. 68 62
Prairie OOll A Gas Co. 660 670
Prairie Pipe Lina Co. 265 878
Solar Refining Co . ;i65 375
Southern Pipe Line Co. 14S 153
South Penn Oil Co. 340 350
Southwest Penna Pipe Lines.. 86 90
Standard OH Co of California. 340 345
Standard Oil Co of Indiana.. 825 875
Standard Oil Co of Kansas_ 615 635
Standard Oil Co of Kentucky. 460 476
Standard Oil Co of Nebraska. 510 635
Standard OH Co of New Jersey 798 803
do pf. 118 114
Standard OH Co of New York. 468 473
Standard OU Co of Ohio. 600 525
do pf. 103 110
Swan A Finch Co. ?$ ioe
Union Tank Car Co. 128 1&3
do pf . 100 102
Vacuum OH Co ...^ 440 450
Washington Oil Co .> 37 42
.Miscellaneous Oil Companies
Bid. Aeked,
Atlantic Lobos OU Co, com.., 50 65
?O fit ?><(_<a.,?M?<i?iMM44 US 119
67
21
24%
82%
16%
16%
1%
30
5%
68%
47%
2 H
3 27%
66%
8 5 %
49
70
11%
36%
23
43%
31%
23%
3 53
30
a
38%
5
2S
?T
97%
131
44
14%
89
32%
31%
41%
48 Vtj
25
17%
47
20%
39%
22%
26%
67
20%
21
81
1?%
15%
1%
30
6%
4%
7%
67
20%
24%
82%
16%
15%
1%
30
6 %
4?
90
% 67%
8 %
2 M
8%
.14%
47%
70
11
34%
23
127%
65%
34%
48
70
1 I
43
40 Anaconda
100 Arizona cml.
1230 Big Heart..
200 Butte B_
84 Cal A Art.
1 8 Cal A Heel?.
783 Carson ..23
90 Copper Range. 43
3 00 Daly West_
905 Davis Daly. . .
290 East Butte. . .
76 Island Creek. .
9 5 Isle Royale. . .
260 Kerr Lake. . . .
150 Mass Cons. . . .
120 Mayflower O C
65 Michigan .... 7
26 MoWwk . 67
66 New Cornelia. 21
100 New River_ 21
360 do pf. 81
225 North Butte. . 10%
350 Seneca . 16%
245 Shannon . 1 %
20 South Lake. . . 30
80 Sup Copper. ... 5%
870 Sup A Boston. 4%
,."00 Tuolumne .?. . . 90
30 U S Smelters.. 68%
14 do pf. 47%
100 Utah Apex.... 2}J
100 Utah Cons.... 8%
55 Utah Metal. . . 2%
Railroads
268 B A Albany. ..126
56 Boston El. 65
70 B A Maine. . . 36%
21 do pf "A"... 47%
3 Maine Central. 70
3 60 Mass Elec pf. 11%
1065 N Y N H ft II. 35%
10 Rutland pf_ 23
67 West End. 43%
Miscellaneous
10 Am Agr pf... 91% 91% 91%
466 Am Oil A Eng 6% 6% 6%
60 Am Pneu. 1 % 1 % 1%
30 do pf.. S 6 6
6 Am Sug pf...H6 116 116 116
136 Am Wool pf..103% 104 10-1% 103%
20 Century . 3% 3% 3% 3%
85 Eastern Mfg. .31%
110 Eastern S S. .. 23%
40 do pf. 76
19 Edison .153
16 Elder.30
215 Gray . 35
100 Int Prod. 26
154 Int, Port Cmt. 18%
130 Island Oil_ 4%
12 Libby . 28
12 Mass Ga?. 72
9 do pf. 60%
17 McEl 1st pf. ..97%
13 Mergenthaler..131
86 Mex Inv. 44
265 ?Mat Leather.. 34%
72 N England Tel 88%
750 Ohio Body_ 32 Vi
410Oniheum . 31%
60 Parish . 41%
100 Root . 48
10 Shawmut . 25
310 Simms ..'.. 17
200 Stewart . 47
97 Swift .124% 124% 123
832 do Int. 46% 46% 46
136 Torrlngton ... 75% 76
132 Un Drug 1st pf 60% 50%
480 Un Shoo. 46 46%
10 U S Steel.100 100
2676 Ventura . 16% 17
2030 Waldorf . 20%
800 Waltham Wch 39
76Walworth _ 22%
276 Wlek Wire_ 26%
Bonds
$2000 A T A IT 6b... 31% 81%
1000 A G W?6?. 76 75
1000 Carson 7s.105 105
8000 Mis? River 6?. 72% 74
1000N E Tel 5s_ 83%
4:; '
40
- '. It
II Lehigh N
13 Lehigh Ynlley
1 00 Leh Val Trans
40 Mldvale Steel.
404 Penn R R....
344 Phil Electric.
280 Phil Co 6s pf.
885 Phil Rap Tran
tr ctfs.
7 Reading .
20 Texas ft Pac.
200 Tono Belniont 2,"- 2,1*
100 U PaclOc ex <livl22 122
140 U S Steel. 99Hg 99%
20 Union Traction 85% 35%
445 U Gas Imp... 48% 49
Bonds
J2000 Lake Sup inc 5s 59'i 60
6000 Lehigh Valley
gen cons 4s. 71% 71%
5O?I0 Leh Val Coal 6a 97 f'7
3 000 Pa R R g?-ii 5s 89% 89%
2000 Reading khi 4s 711 79
2000 United Railway
Inv col n- 5s 70 TO
Pittsburgh
4610 Arkansas (?as. 31% :;2
85 Barns?lall ?'or. 49 49
20 Carbo Hydro.. 4- 4
330 Guffey Gill. . .. 32 32%
.3 35 lnd Brewing. .
60 do pf .
10 l.one Star (?as
28">;i Marland Ref. .
40 Mfrs I.t. ft H. .
360 Nat Firepf pf.
.160 Ohio Pui-1 Oil.
40 Ohio Fuel Sup.
98 Okla Gas.
85 Pitta Brew pf.
16600 Pitts Jeromo..
100 Pitts O ft Gas.
75 Riverside Kast
200 River West O.
100 Trans Coin Oil
45 Union Nat Gasl24
100 ? S Glass. 60
20 Westing A B. .11 t
20 Westing Eleo.. 53
28%
7%
19%
62%
47
47
83%
3 5%
48%
28%
7%
13%
63
47
23%
83%
69% 60
89 Vi
4%
13 %
34%
i)i?
34%
6%
59%
1 4 %
30%
51 %
42%
17
10
30
51%
4 2
19
28
124
15]
19
27'
324
60
111
7i??
9 7
89%
30%
49
4
32 %
'4%
13%
34%
6%
59
34%
30%
51%
42%
17
10
15%
3%
19
28
124
60
312
53
i % j Stock Clearing Corporation
i^ Ready to Function
30%
23%
75
152
30
3 4
26%
18
4%
27%
71
6 0
97%
181
44
13%
88%
31%
41%
30%
2?<%
25%
18
6
46%
76
50%
46%
98%
16%
20%
38%
22%
26%
S. F. Streit, president of the new
Stock Clearing Corporation of the.
Stock Exchange, announced yesterday ;
that the facilities and working force
of the new instrument for clearing
loans and stocks is now ready to func- ;
tion. In a statement he added:
"To acquaint all those that will have
to familiarize themselves with the new
27% i methods of operation, which ut first1
"\ j will only include the clearing of se?
curity balances as shown by balance ?
tickets of night clearing branch of j
?^tock Clearing Corporation, the board j
of directors has arranged with the
management for its force to give dem
onstrations daily, at 12, 3 and 4:30 !
?il % j o'clock, except Saturday, and requests
i'^'8 | that you take advantage of the oppor
]7i4!tunity offered at your early conven?
to Va ? ience, so that the new operations may
be inaugurated without unnecessary
deltty."
f%
88%
32
Arizona Extl2
Arizona SUv. 1%
Blk Hawk. .82
Bohemia . . .' 1 %
Bo? A Mori. 63
Calaveras....?
Chief Cpn.a 4%
Con Copper 4 %
Crown Rsv.80
Crystal new.33
Denbigh ...31
83%
Boston Curb
Bid Asa i
[Majestic
81%
76
105
72%
83%
Bid
..18
13 Mex Metal. 16
1% Mid Moss. . .50
86 '.Moj Tung... 8
2 [Monarch ...?
64 ?Nat L A Z.. 6
1% Nev Doug... 10
4%?.New Baltic. 3
4% ?Nixon .14
46 lOnondaga ..15
36 lOrpheum
34 'Pilgrim
46
75
60%
46%
98%
16%
20%
39 V.
22%
26%
81%
105
74
83%
Ask
24
18
70
15
75
8
14
Eagle B B.2% 2 1-16'Ploneer
Fortune .... 3
Gadsden ... 1%
Homa Oil... 11
Houghton .50
Iron Blosa.. 30
Iron Cap.. .11
Jerome Ver.42
La Rose.. . .40
17
40
.31% 31%
.14 17
? 80c 1.00
.? 45
1% 1%
Sales
100 Am Rad new.. 80
640 do rites. 1%
"0 A D A C pfd.. 94
Rngr Pet
l%IRalnler .
12 ?Svn Metal?. 21 23
76 S W Ml f p. 3% 4
40 (SUv Reef...17 19
ll%ITexana.21 24 r
49 Unt V Ext..38% 39
60 I Yukon. 1% 1%
Chicago
Open. High. Low. Last
80 80
1% 1%
94
80
1%
94
16%
95
100%
11%
66
56
93
100
107
12
1800 Armour Leath. 16% 16% 16%
100 do pfd. 95 95 94%
800 Armour pfd... 100% 100% 100
60 Booth Fisher.. 11% 11% 11 %
lOOBrlscoe . 66 66 66
176 Beaver Bd.... 56 5C 56
205 Ch Pn Tool... 90 93 90
10? Cudahy.100 100 100
130 Comw Edison.. 107 107 107
285 Cootl Motor;.. 11% 12 1174
46 Deere pfd.100% 101 100% 101
140 Diamond Mch.124 125 134 125
25 Hol-St L Sug.. 17% 17% 17%
fOO Hupp Motor. . . 15 15 14%
75 Hartman . 91 91 90%
40 Illinois Brick. 80 80 ' 79
160 J 1 Case Plow. 15
30 do 2d pfd... 73
3600 Libby . 27%
15 Lindsay Light. 6%
900 Montg Ward... 34%
87 do pfd.107
60Midw Util pfd. 41
60 Mitchell . 37%
1400 Nat Leather.. 14%
800 Orph.um . 31%
60 Pub Ser pfd.. 88
110 Quak Oats pfd. 95
86 Reo Mot x-d.. 27%
315 Sears Roebuck.334
Larger Expenses Cut Keystone
Telephone's Surplus for 1919
Owing to heavier expenses the Key?
stone Telephone Company, although
reporting increased earnings over
1918, had a smaller surplus in the
year ended December 31, 1919. Gross
earnings last year aggregated $1,656,
449, or $50,728 more than in the pre?
ceding year. From that amount ex?
penses of $1,095,927 were deducted,
leaving a $560,522 net, a falling off of
$103,520 from 1918. After interest,
charges, bond discounts and Renewals
surplus amounted to $6,735, a ?decline
of $1,885 from the year before. The
payment of $58,105 in preferred
dividends caused a $61,370 deficit.
When this loss had baen taken from
the previous surpjus of $933,792,
profit and loss balance totaled
$882,423.
160 Shaw
450 Stewarc War.
136 8(?wart iitg,.
250 Stand G ft E.
20 do pf .
US-OSwtft IM -*?
15
6%
34%
107
41
..S
81%
88
95%
27%
235
26%
6%
34
107
40
37%
14%
31%
88
La Belle Iron Earned
$14.74 a Share on Common
As a result of operations in the year
ended December 31, 1919, the La Belle
Iron Works returned net profits, after
all charges and Federal taxes of $2,
254,613, equivalent, after preferred
dividends to $14.74 a share earned on
the $9,915,400 common stock, compared
with $2,585,416, or $1S.07 a share in
1918.
Total income last year aggregated
$3,852.789, against $9,479,129 in the
preceding year. This loss in income,
however, was nearly offset in the re?
duction of expenses, that item being
"v? j placed at $207,853, which compares with
14% $5,130,263 in the year before. Dividends
90% j totaling $1,586,464 were paid during the
j| ! year, leaving a $1,586,464 surplus to be
7:| carried to the surplus account. Profit
27% and loss surplus was $10,791,098.
Hood Rubber's Sales Gain
Sales of the Hood Rubber Company
for the yeitf ended December 31 last
amounted to $22,969,664, compared with
$22,341,018 in 1918.
The balance sheet as of December
31, 1919, shows- cash amounting to $1,
084,348; accounts receivable, $3,111,
t 907s notes payable, $4,860,000; ac
39 19% is i.v. counts payable, $343,128; surplus, $.,
3? 39 39 39' I 863,953; and total assets and liabilities
?titlift* 41* ?&Ul Uf.0f7.0S2,
67% 67%
27 Vi
333
47 ;
67
41%
4?
107
40
37%
14%
31%
88
95%
27%
23.".
67
41%
Buyers Arrived
Fatrchild Servie?
ATLANTA?J. H. Goldstein Co.; 3. H.
Goldstein, general merchandise; Penn?
sylvania. ? ???.._"?
ALTOONA, Pa.?Sllverman A SUverman,
Louis Sllverman. clothing, furnishing
goods, underwear, hosiery; Miss Jean?
nette Sllverman. cloaks, suits, walBts,
dresses; Pennsylvania.
ALTOONA, Pa.?Boyd-GIenn Co.! ??_??
Glenn, draperleB, carpets, rugs; Tne
Annex.
AUBURN, N. Y.?"Mrs. B. L. Leonard,
millinery; Manhattan.
BALTIMORE?Ph. Herman A Co.; I. Shu
man, notions, hosiery, underwear; Marl
borough. * ?
BALTIMORE?Goodman & Sauber; Will?
iam Goodman, woolens; Pennsylvania.
BALTIMORE?3. Cohn, tailoring goods;
Grand.
BIRMINGHAM?Loveman, Joseph A Loeb;
M. Sommers, coats, suits, skirts, furs,
dresses; 116 West Thirty-second Street,
room 1410.
BIRMINGHAM?J. Cohn, dry goods; Penn?
sylvania.
BOSTON?Dean S? Bloom; 8. Bloom, mfrs.
wash dresses^ 17 West Twenty-eighth
Street.
BOSTON?Reliable Skirt Co.; L. Cohen;
skirts; Breslln.
BOSTON?Block Co.; Samuel Block, dry
goods and notions; Aberdeen.
BROWNSVILLE, Tenn. ? Stelnberger &
Felsenthal; A. Stelnberger, dry goods
and general merchandise; Longacre.
BUFFALO?Adam. Meldrum & Anderson
Co.; J, Ferguson, lac?? and embroideries,
handkerchiefs and neckwear, ?ribbons;
230 Fifth Avenue.
CHICAGO?Marshall Field A Co.; W. F.
Goeble. silk underwear; Mr. Archibald
and Mr. O'Connor, stationery; 1170
Broadway.
CHICAGO?The Fair; C. C. Hughes, mer?
chandise manager; 225 Fourth Avenue.
C1ITCAGO--M?SK Florence R. Powles, mil?
linery, neckwear, ribbons; Broztell.
CHICAGO?Marshall's; Sydney K. Mund
helm. men's hats; Pennsylvania; in all
CHICAGO?Kann & Friedman; M. M.
Kann, Veady to wear; 1170 Broadway.
CLEVELAND?C. D. McCormlck, rugs
and draperies; Park Avenue.
COLORADO SPRINGS?Olddlngs & Klrk
wood ; Miss I. M. Dlckerson, muslin un?
derwear, corsets; 220 Fifth Avenue, room
1411.
COLUMBIA, S. ("'.?Max Friedman, jew?
elry and military goods; Broadway Cen?
tral.
CURRY, Pa.?Paw.ion Bros.; R. G. Daw
son, general merchandise; Breslln.
CYNTHIANA. Ky.?A. Goldberg & Sons;
J. A. Goldberg, clothing, hats, ?hoes,
handkerchiefs; Pennsylvania.
DANVILLE. III. ?Mels Bros.: A. Mels,
ready to wear, hoys' clothing; 116 West
Thlriv-second Street, .A. Eantl.
DAYTON?Rlke Kumler Co.; Miss L. Koer
ner, umbrellas, gloves; 225 Fifth Avenue,
Associated Merchandising Co.
DETROIT?J. L. Hudson Co.; Mr. Wagner,
furniture; 22? Fifth Avenue; Associated
Merchandising Co.
DU BOIS, 'Pa.?A. Hoffman, women's
clothing; Herald Stjuare.
FREMONT, Ohio?W. Chllds. dry goods
and clothing; Broadway Central.
HARRISBURG. Pa.--Wltmer, Balr & Wit
mer; P. W* Weidler, women's, mlnses',
children's ready to wear: 1133 Broad?
way, roryn 1010.
INDIANAPOLIS? IT. P. Wasson & Co.:
Miss M. Sadler, coats, suits: I 1 ?> West
Thirty-second Street. A. Fantl.
TTHACA. N. Y.?Rothschild Bros.; D.
Rothschild, dry goods, etc. Pennsyl?
vania.
KINGSTON, Pa.?V. J. Reeger. house fur?
nishings; Grand.
LIBERTY*, N. Y. -H. J. Sarl<*s Co.; H. J.
Sarles, general merchandise; 105 Grand
Street.
MESA. Ariz.--The Toggery Inc.: G. A.
Johnson, ready to wear, 25 West Thir?
ty-third Street.
McKBESPORT, Pa.?The Famous, M.
Steinberg, upholstery and draperies, cur?
tains, floor coverings; Broztell.
MOBILE, Ala.?W. Chapman, dry goods;
Alcazar.
MOULTRIE, Ga.?Friedender Bros.; L.
Friedlander, women's wear; 1161(Broad
way.
NEWBERN. N. C?N. E. Rachid, dry
goods, clothing and shoes; Broadway
Central.
NEWBERN". N". C.?C. Ellis & Co.: C. El?
lis, dry goods. Broadway Central.
NEW HAVEN'?The Edward .Miilley Co.;
G. E. Salisbury, house furnishings, lug?
gage ami trunks. 4fll Fourth Avenue.
NORFOLK?Watt Rettew &. Clay; Mrs. R.
Potter, dresses, suits, coats; 23 East
Twentv-slxth Street.
NORWICH, Ct.- -Re?d <*.- Hughes; Miss J.
Kelliher, handkerchiefs, neckwear, um?
brellas; 404 Fourth Avenue.
OGDENSBURG, N. Y. R. .r. Aleje, ladies'
furnishing goods, mfrs. petticoats; Park
Avenue.
OWOSSO. Mich.?Lyon * Bond; Mr. Lyon,
dry goods and general merchandise;
Longacre.
PAWTUCKET, R. I.?Deahy Bros.; Miss
A. B. (.'tillen, hosierv. underwear: Mur?
ray Hill.
PHILADELPHIA?A. E. Bass Mfg. Co.;
A. E. Bass, mfrs. children's dresses;
1270 Broadway, room 410
PHILADELPHIA.Elgin Silk Waist Co.;
W. Goldstein, mfrs. silk waists; 1 I S2
Broad wav.
PHILADELPHIA -M. Epstein, house fur?
nishings; Broadway ??entrai.
PHILADELPHIA?W. it. Wilson, piece
goods; Grand.
I'll I LA DELPHI A -E. Frank, carpets, fur?
niture; Bristol.
PHILADELPHIA?P. Smith, carpets, fur?
niture: St. .lames.
PHILADELPHIA?William Epstein, toilet
goods; Breslin.
PITTSBURGH Campbell's Department
Store; it. Leindecker, ribbons, laces,
ladies' neckwear, trimmings; 6 West
Thirty-second Street; A. H. Meyer.
PITTSBURGH?Campbell's; F. Campbell,
men's, boys' clothing, leather goods, no?
tions, .jewelry, toilet goods; 104 Fourth
Avenue. ,jav Co. ,
PITTSBURGH?D. Rosenthal, furnishing
goods; Pennsylvania.
RALEIGH. N. ?.' -E. J. Elllsberg; Mrs. E.
J. Ellisberg, ready to wear, millinery;
Herald Square.
RICHMOND, Va.?Richmond Dry Goods
Co.; G. W. Duane, piece goods; 43 Leon?
ard Street.
ROCHESTER?W. S. Faulkner, general
merchandise; Breslln.
SACRAMENTO?Weinstock Lubin; Miss
Dlckerson, muslin underwear, infants'
wear; 225 Fifth Avenue; associated Mer
chadlslng Co.
ST. LOUIS?B. Lesser Co.; B. Lesser,
wholesale woolens; Pennsylvania.
TACOMA, Wash.?E. T. Bates & Co.; N.
D. Josephl, clothing: Woodstock.
TIFTON, Ga.?H. Kulbush Co.; II. Kul
bush, clothing and general merchandise;
Broadway Central. .
TOLEDO -Hugo Stein Cloak Co.; Mrs. M.
Metz, coats, suits: 404 Fourth Avenue
TORO.NTO?"W. G. Patrick Co.; W. G. Pat?
rick; general merchandise; Pennsyl?
vania. ?
TORONTO, Canada?T. Eaton Co., Ltd.;
R. J. MacDonald, flowers; 45 East Sev?
enteenth Street, room 1603.
TORRINGTON. Conn.?W. W. Mertz Co.;
~~~'?W' JIel*tz. dry goods: Cumberland.
TROY?William H. Frear & Co.; E. H.
Frear, representative; Arlington.
WASHINGTON?Palais Royal; C. Case,
general merchandise; care 220 Fifth
Avenue. ?
WORCESTER, Mass.?J. M. Schultz, man?
ufacturer of dresses; Breslln.
_, ?
BUYERS COMING
BALTIMORE?American Wholesale Cor?
poration; P. L. Beck, toys, fancy goods;
F. Quellmalz, cotton piece goods; H. S.
Messersmlth, remnants; 354 Fourth Ave?
nue. Expected March 15.
Business Troubles I
Petitions in Bankruptcy
The following petitions In* bankruptcy !
were filed yesterday in tho United States !
District Court:
R. T. C. COMPANIES, INC.?Voluntary
petition by R. T. C. Companies, Inc., im- I
porters and exporters, SO South Street. ?
Liabilities, $98,564; assets, $26,093, Par- I
sons, Closson A Mcllwaine, 52 William !
Street, are attorneys for the petitioner.
J. M. W. CO., INC.?Involuntary peti?
tion against the J. M. W. Co., Inc., 1418
Broadway. Liabilities and assets not '
stated. Harry Heckheimer, 220 West i
Forty-second Street, is attorney for the
petitioners.
Receivers in Bankruptcy
Receivers in ? bankruptcy appointed in i
the United States District Court yesterday 1
were as follows: ,
L. WEISS?Mary G. Potter was appoint
ed by Judge Learned Hanr as receiver In \
bankruptcy for L. Weiss, jobber In ladles'
hats, 656 Broadway, under a bond of
$1,000. Weiss's liabilities are $3,000; as?
sets, $1,000.
R. T. C. COMPANIES, INC.?Charles
Evans Hughes jr. was appointed receiver
for the R. T. C. Companies, Inc., under a
bond of -$10,000.
Judgments Filed
In New York County
The following Judgments were filed yes?
terday; the first name being that of the
debtor:
Brumnerger. evlne, and Marcua
Dress Co.. Inc.?I. Llebman
et,al . *14?.20
Bartel. Charles, Max Klein and
David Dreyfus?M. Aronson... 144.6?
Bobba. Merrill Co,.?S?nger & Jor?
dan. 1,673.93
Braunstein, Max. and Albert
Saunder??A. Gordon. 1,234.73
Cipolla. Anthony, and Claudio
Arezzo?E. Scerno ?t al. 109.45
Cottman & Co.. Inc.?Butler Broa 209.05
Castagne, Angello?Bankers' Com?
mercial Co. 1,185.40
Curran. Andrew?S. W. Theo- 1,134.15
Crowell, Thomas P.?M. O'Neill.. 500.00
Cohen, Solomon?8. Suffln. 129.54
Donaldson, Walter J.?R. F. Flynn 244.36
Dlnsmore, James T.?M. Lein?
et al . 5SS.39
Duffy. John?W. Brown. j 15.02
Dumain. Aaron (Dunuiin clothing
Store)?Newport Clothing Co.. . H53.?3
Deponte, C. alias Carlos Da La
Puerte?Pstujlsj iU.ui.,u,.Ji 109.80
Business News
OFFERINGS of mercantil?* paper were slightly laVger in volume yesterday,
but as has been the case for weeks the principal buyers were interior
banks, where a more hopeful view of the money outlook is taken than in New
York. Rates continued unchanged at 6%, and 7 per cent for the better names.
Many new bills aro coming into the market for bankers' acceptances, and
dealers report that their portfolios have been pretty fairly exhausted. Both
banks and corporations are liberal buyers.
COTTONS?IWertcear *
And Hosiery Market? Dull
Rather more than the seasonal dull?
ness is reported by selling agents for
hosiory and underwear knitting mills.
The retailers- who buy directly from
the milis are showing a disposition to
limit their orders to immediate needs
and are not anticipating their re?
quirements more than two or three
months ahead. Some of them are pur?
chasing goods for immediate use from
export jobbers wh,o have considerable
merchandise on hand, held back by
the falling exchange rates in Europe.
A considerable quantity of these
goods is being liquidated, although
the exporters, with the recovery in ox
change, are holding prices more firm?
ly than they were a week ago. The
recovery in exchange, however, has
not yet resulted in a resumption of
European buying.
The falling off in the buying of
underwear seems to be more marked
than that in hosiery. Cotton hosiery
is stronger than silk in demand at I
present, largely because of the ex?
treme prices to Which silk has risen, ;
mill agenta assert.
SILKS?Future
In Shirtings Uncertain ?
Manufacturer's of tub silks, crepes j
and other silk materials say that, the |
immediate future outlook for these I
fabrics is most uncertain. This is '
owing largely to the varying opinions j
now existing in the shirt trade re- !
garding the volume of business to be j
done in silk shirts during the next
few months. Some manufacturers of
shirta expect the demand for silks to
continue or to increase. Others are |
confident that the peak of prices and j
consumer demand for silk shirts has j
bren passed.
Quantities of high priced silk
shirts are now held in the hands of !
manufacturers* who arc seeking out- !
lets for them. One small manufac- I
turer alone has more than 300 dozen I
silk shirts on hand.^valued at $160 a
dozen. Many of the smaller manu?
facturers are offering their stocks of
uncut silks to their larger com?
petitors. An offer to buy silks below
the market price, made by a promi
, nent shirt concern in an advertise- |
?nient yesterday, brought close to. 100 j
i responses it. was asserted.
j Manufacturers of shirting ma- j
? terials, however, are sitting tight on
? their prices waiting future develop- j
j ments. Some of them are running on
I orders placed some time ago, but as
I quickly as the orders are finished they
I are switching their looms, to oth?r
I fabrics or allowing them to stand idle.
i The outlook is too uncertain, they
i say, to run on stock to be sold at a
I later date.
/
FURS?Small Scarfs
or Summer Wear
Small animal scarfs of one, two
or three skins for spring and summer
wear are the trade leaders, according
to manufacturing furriers. Salesman
who are out on the road with spring
samples are sending* in good orders
for such scarfs. Some houses re
| port a greater demand this year for
j the small pieces than last year, when
? the summer fur business reached a
I record high point. Sables and Mar
I tens, the most expensive of the small
: animal skins, according to manufac
] t.urers, are not going as well as the
, cheaper skins. Squirrel is being more
! widely used for the small animal scarf
| than it was last year. Kolinsky and
? mink also are in demand in the small
: neckpieces.
Only the best grades of fox, such
as silver and blue, are selling well for
summer furs. Dyed foxes, red foxes
and other cheaper varieties are in
slight demand.
Late reports from Europe indicate
that opossum, skunk and raccoon" are
selling freely, with wolf, bear, badger
and gray fox also strong. Badger is
popular in France and gray fox is hav?
ing a vogue throughout Continental
Europe.
LEATHER?Imported Gloves
For Fall to Cost More
Retailers will get from $1.50 to $5 a
dozen more for their foreign made kid
gloves next fall, according to import?
ers, who base this prediction on the
contention that the market is now al?
most bare of this class of stock. Gloves
that formerly cost the importer $15 a
dozen are now said to be listed at from
$25 to $30 a dozen, and hard to obtain
at that price. While only compara?
tively small advances have been made
to date in the wholesale price of kid
gloves, importers have announced that
they cannot accept further orders at
guaranteed prices or specified delivery
dates. In booking orders for fall goods
they are compelled to make a thorough
study of the market possibilities be?
fore establishing prices.
Anticipating a shortage, retailers who
usually received fall gloves in Septem?
ber are now requesting the importers
to make deliveries some time in June.
Last fall and winter dealers who had
hesitated about placing orders because
of the expectation of lower prices were
unable to secure enough merchandise
to cover their requirements when they ?
did come into the market. Profiting by i
that experience, it is said they are
making efforts this season to have de?
liveries made far in adva/ice of the cus?
tomary period.
It was said yesterday that shipments '
of gloves from abroad continue, but ?
that they are. far too small to- fill the
needs of the local trade. Retailers re-1
port that their business so far this
year has been in excess of tho corre?
sponding period of any preceding year.
JEWELRY?Imported
Diamonds Deteriorate in Quality
Not only is the supply of diamonds
erceedingly scarce bore, but, according
to cutters, the quality of the rough
stones received from the British Syn?
dicate by American concerns is rapidly
deteriorating. It is said that there are
about 20 per cent more imperfections
among late shipments reaching this
country, and that the color of the
stones is not so good as in previous
receipts. In view of the fact that
America has always received superior
qualities of stones from the syndicates,
cutters here take the view that the
quality of recent assortments indicates
a most acute scarcity of diamonds
abroad.
Only ten diamond cutting concerns in
the United States, all in this city, arej
j recognized by the British Syndicate
I and receive "rough" from it. Recently a
| few of them were informed that their
; supplies from the mines controlling
i company were to be reduced. One cut
? ter declared that while in March, 1919,
his assortment from the syndicate was
1 valued at ?100,000, the assortment re
: ceived last month was valued at onlv
! ?65,000. This cutter said that the lat?
ter assortment, which shortly will be
; ready for delivery to the trade in fin
? ished shape, is sorely needed by deal
l ers. Already many concerns have made
? offers to buy it in its entirety, and have
; been willing to place cash guarantees
to bind the purchase. These offers
have been refused, and the diamonds
1 will be apportioned among dealers.
Dauth, Henry?Chermeyer & Lieb
man.
Fred Adee Co., Inc.?.1. Hoar....
Fltzslmmons, Thomas F.?1>. B.
Galbally .>.
Federal Supply & Mfg. Co.?Pe?
troleum Products Co.
Furinan, Wm.?Lenox Wall Paper
Co., lue.
Flaxolyn, Inc. ? S. S. Chllds.
Fleming & Patterson. Inc.?E.
Greeff et al.
Celler. Istdor and Minnie?H.
Eidllnger et al.
Geiler, Isidor and Minnie, and
Rosle Ringel (Geller ?fe Ringel)
?E. Rodstein et al.
Goodman, Harry?N. Newman...
Grossman, Herman?W. P. Morang
Hoagland, Herbert C. ?- Broda
Meyer. Inc.
Hershkowltz, Joseph?A. VVor
oner et al. . .-<!.
Hannan, John J.?M.Needham. .
International Provision Co.?J.
Newman .
Jackson, Joseph A., Maud Jack?
son & Merll Arbugast?Morris
Plan Co. of N, Y.
Kerner, Heimle?A. Stieglitz et al
Kelly, Michael ,I.--W. F. Morang
Levtnson. Louis?Rosenberg Neu
gass Co., Inc., costs.
Levin, Leo?Massachusetts Bond?
ing & Ins. Co.
Lee, Franklin YV.?Wm. Felenes
Sons Co.
Lake View Dairies Inc.?Com?
mercial Repair Co., inc.
I.usk. Roy A.?L. Lusk.
Ml Casket Co.?U. Falcone.
Parks & Co., Inc., Frank J. Parks
and Wm. II. Parks?Philip
Ruxton, Inc..
Rot man, David?I. K. Rotman.
costs .
R. T. C. Co., Inc.?W. Schul?
theis? .
Santello, Charles and New Am?
sterdam Casualty Co.?People
etc .r.
Swedling, Sam?G. P. Prebs et al
Savato, Herbert & Fidelity &
Casualty Co. of N. Y.?People
etc .
Schiller, Charles?State Industrial
Comm .
Schiff, Otto. Wm. J. Cambridge,
George Greensmlth and Right
Hon. Viscount Acheson (Bourke
Schiff ?ft Co.) and Cecil A.
Greenfell?H. F. Kean et al..
Shamen, Isidore?A. Cohn.
Titian Attractions, Inc.?People
etc .
Ullman, Mulla (Filman ?ft Co)?
8. Deutc.h.
In Bronx County
i Roiky, Meyer ? N. Y. C. Inter.
Ry. $117.70
... ., Budnlck, Isador?Damarest Mabie
45]-41 ! Co., Inc. 741.09
Mollenhauer, Armand. II. jr.?Nas- I
sau Ntl. Bank of Brooklyn. t,083.42
179.11
.064.(10
155.4&
William H. Knox Si. Co.. Inc.
O. Friedlander Chemical C
Inc.
Wiener. Joseph and Henrietta?
B. Strieker et al.
William M. Crane Co.?H. Brl
anzl .
Wye Knitting Mills?D. Barnes...
Welnlraub, Bernard?A. A. Mo
Rae .
?Welntraub, Bernard?Cory & Rey.
nolds Co
Same?C. W. Abbott .
Wesley, Frances E.?H. M. Sad
dlemlre.
Same?M. W. Hreeks.
Vaeovlello, Marco or Yockayello,
and Ntl. Surety Co.?People,
elc.^Sm?M?M????r~. --?
1SJ.1K
130.03
1,415.36
101.72
167.49
1,065.41
647.90
3S0.65
380.40
163.n0 I
C24.20
647.90
109.45
185.67
234.40
127.22
1 00.00
'J,563.95
2,108.92
122.56
1,803.87
1,000.00
140.78
1,000.00
135.00
2.356.24
4,221.36
150.00
105.83
2,192.72
3,318.40
2.403.26
1,254.84
463.98
147.32
1.880.68
1,80.68
Satisfied Judgments
In New York County
The first name is that of the debtor, the
second that of the debtor and date when
judgment was filed:
Grossman, Herman?W. F. Mo?
rang; Feb. ft. 1920.
Vail, Elizabeth A., extrx. D.
Jones; Feb. 26, ly20..
Ntl. Surety Co.?E. Mayer; March
10, 1920 .
Gefaell, John E.?A. L. Thorne;
Jan. 10, 1920 .
Ooldberg, Meyer. Abraham, Ben?
jamin, Mosey, William and Law?
rence?1>. Zavodnik .
Fritz, Margaret M.. and Ralph F.
Gerstle ? L. Franco; March 4,
1915.
Fried. Henrv?S. Gelles; Jan. 29,
1920.
Consumers' Park Brwg. Co.?City
of N. Y. ; May 12, 1916_?. 1.223.40
U. S. Leasing & Hold. Co.?City
of N. Y. ; May 6. 1912 (vacated) 264.41 1
De Lorenzo, Filomena and Fred-* *
erick?P. Do Lorenzo; Sept. 2.
1913. 2/187.26
Dorfman, Isaac and Julius I.?A
Louis; Dec. 20. 1919.
In Bronx County
Schaefer. Lesley G., and Clinton
W. Schaefer; C. V. Schleffclln et
al.; Dec. 9. 1919.$108,348.48
Union Chemical Glassware Co.; ,
Barnes Realty Co.; Feb. 2,
1 20 Wtammmmmmmmmmmmmmmmmmmmmmmmmmmmmm9i
?647.90
?1.40
1,367.19
625.95
1,361.26
122.41
105.12
2.294.45
French Internal Loan
Brown Bros. & Co. announce that
the official subscription price of
March 12 for the new French internal
loan of 1920, based on the closing rate
of exchange, March 11, is $74.62 a
1,000 franc bond.
DIVIDEND NOTICES
V., Vivaudou, inc.
Time? Building, New York
March 11, 1920
DiVIDENp No.-r
The Board of Directors of this
Company has declared a quarterly
dividend of fifty cents (50c) per
share on the Common Stock, pay?
able April 1, 1920, to stockholders
of record March 15, 1920.
S. M. SCHATZKIN, Treasurer
DIVIDEND NOTICES
BETHLEHEM STEEL CORPO RATION.
Notice of Dividends on Eight Per Cent.
Cumulative Convertible Preferred Stock;
Seven Per Cen.t. Non-Cumulative Pre?
ferred Stock; Common Stock and Class
II Common Stock.
The firs*; instalment of 2% of the Eight
Per Cent. Dividend upon the Eight Per Cent.
Cumulative Convertible Preferred Stock, and
the first instalment of 1%% of the Seven Per
Cent. Dividend upon the Seven Per Cent. Non
Cumulative Preferred Stock of Bethlehem
Steel Corporation, which were declared on
January 29, 1920, and tha 1%% Regular Divi?
dend upon tho Common Stock and Class B
Common Stock of the Corporation, which
were declared on the same date, will be pay?
able on April 1, 1920, to. the respective hold?
ers of record of said four classes of aiock at
the close of business on March I?, 1920 (the
date at which the books for the transfer of
said Seven Per Cent. Non-Cumulative Pre?
ferred Stock and Common Stock will be
closed for the Annual Meeting of Stockhold?
ers to be held on April 6, 1920; ; the second
Instalment of said Dividends on said Eight
Per Cent. Cumulative Convertible Preferred
Stock and on said Seven Per Cent. Non
Cumulative Preferred Stock will be payable
on July 1, 1920, to the respective holdere of
record thereof at the close of business on
June 16, 1920; the third, on October 1. 1920.
?to the reapectlve holders of record thereof at
the close of business on September 16. 1920,
and the fourth, on January a. 1921, to the
respective holders of record thereof at?<?ie
close of business o**December is, 3920.
i'heck s ?ill be mailed.
It.. E. McMATU, Secretary,
??.ted, Marca i? UM,
The Merchants Bank
of the City of New York.
March 11th 1920
The Board of Directors has this d?v
declared a dividend of three ?e ?*n\
(3*> payable March 27th. 1920, to stock?
holders of record at 11 o'clock AM
on that date. A- ***-?
OWEN E. PAYNTER* Caahter.
I MINNEAPOLIS, ST. PAIL ft SACLT
STE. MARIE RAILWAY CO.
DIVIDEND NO. 34
The Board of Directors, have thia day de?
clared out of surplus earnings of the calen?
der year 1919 a semi-annual dividend of
Three and one-half p?r ent C3K) on the
I Preferred Stock and a ?eml-annual dividend
of Three an?! one-half per cent (3??) out of
surplus earnings ot the calendar year 191?.
; on the Common ?Stock, both payable April 13,
, 1920. to stockholders of record at 3 p. m.
i March 22nd. 1920.
G. W.'WEBSTER. Secretary.
Minneapolis. March 9th, 1920.
NEW KETHERLAKD BANK OF NEW ?0M
The Board of Directors of this bank has
declared the regular semi-annual dividend of
4ii and an extra dividend of 1% on the capl
ttil stock of thin bank, payable April 1, 1920.
to stockholders of record at the close of
business March 24, 1820.
M^mmmu^^ C. J. BEARD, Cashier. ?
J-fft-HlteU, Mlfc
Says Agricultural
Dept. Is Cripple
By Lack of Fun jg
Secretary Meredith Telia
Merchants Niggardly p^
icy Cause? Lo&g 0f ?
lions to the Farmer?
Declaring that there were "burri.
I in the cellar," in the matter of ConST*
?paring appropriation recommend?!?!!
? for his department, E. T. Hereda
| Scretary of Agriculture, speakicr -,.
' terday before the Merchants* Astoth
! tion of New York at a luncheon at t>
Astor J?otel, urged business men ever
where to study the Department of Ar
culture and give assistance In the bu>
ter of securing needed funds for ??."
rying on the work of stimulating ?,.
duction on the farms.
He recounted the score or more o?
! different activities in -^iich the deplr?*
ment i* engaged, showing that forev^
thousand dollars "pruned" from th?
! annual appropriations submitted, nii!'.
ions of dollars in production were lost
"There are dozens of men in our o'
; flee in Washinugton," he said, "who ru?
, giving their services at half or obis
third the amount they could earn in
1 private business, and all they ask k
equipment with which to carry on th
; work of the country."
He told of the work being done to ?j?.
stroy the boll weevil, to combat whest
rust, to further the cotton productic*
and fruit raising.
"Men in Congress," he said, "tal*
about economy in providing funds for
the Department of Agriculture. TV-,
think they are carrying out your in?
structions and your wishes. I want to
say that vitally important activities
are to be cut down if the action that
has been taken on our appropriation
bill prevails. Even now I am reeeivir.?
inquiries for men to go out and helo
combat tuberculosis in cattle, };?
answer invariably is: 'We cannot ser/d
men to get rid of tuberculosis in your
cattle and horses because we haven:
the money.' "
/ He said the same condition proa?e!
ir. the matter of assisting the fru?:
growers and farmers generally, declar?
ing that booklets on farming could no:
be sent out because of the lack of
funds.
"This is not economy," he declared.
"This is parsimony and Is unjust and
unwise."
"Since 1880 there has been a grad?
ual increase of 25 per cent in ths
yield per acre of the principal crops
25 per cent for the whole country. No*..
withstanding the fart that we hsv?
placed under cultivation a great deal
of new land, that we have taken des?
erts and made farms, there has bee:
a gradual increase of 25 per cent is
the average yield per acre. Corn, for
example, increased 10 per cent; oat-,
24 per cent, and potatoes, 33 per pent
The acre yields for other field crop*
have increased 16 per cent. Better
methods, the introduction of improved
machinery, the development and punt?
ing of larger producing varieties, th?
elimination of plant diseases ano in?
sect pests, are some of the factor?
giving this happy result. And y**;
some ask whether the farmer is lying
down; whether he is doing his part!
"Production also has kept up with
the increase in population. Fifty
years ago, or during tha period from
1856 to 1874, the average production
per capita of the six principal cereals
was thirty-eight bushels. From 1905
to 1914 it was fifty-two bushels, an
increase of fourteen bushels. The pro?
duction of corn increased from twenty
three bushels to twenty-seven bushtl*
per capita. Wheat increased from eiv
and one-fifth to eight bushels; oats
from four and three-quarters to thir?
teen bushels; cotton from thirty-si*:
to sixty pounds per person, and milk
from eighty-four gallons in 1899 to
ninety-six gallons in 1919.
"Meats have shown a reduction it
production per capita, but we have a
larger variety of foods to-day than
we ever had before?more fruits, mor?
vegetables, more cereals?and our die:
is more varied."
Guy E. Tripp, la.ely assistant Chief
of Ordnance of the Army, speaking cm
the lack of production and the great
volume of demand throughout tin
United States to-day. said be believed
normal conditions could most nearly
be reached "under a system which per?
mitted capital to take the risk and the
profits remaining after providing for is
liberal a wage as the production and
traffic of the nation would bear, and
which at the Vame time furnished an
opportunity for earn individual
worker who had the ambition and ?W
ability to profit thereby to improve
his status in the community and ac?
cumulate property of his own."
DIVIDEND NOTICES
BRITISH-AMERICAN
TOBACCO COMPANY, LIMITED.
NOTICE OF DIVIDEND TO HOLDERS OP
CfJDINARY AND PREFERENCE SHARE
WARRANTS TO BEARER.
Notice ii hereby given that the Director?
have declared a Second Intern? dividend o?
the Ordinary Shares for the yeir fro? tki
lit October, 1919, to 30th September, 1920,
of 6% (being Is., 2 2-5d. per share) free ?
British Income Tax, payable on the 31**
March, 1920. ?
Holders of Share Warrants to Bearer for
Ordinary Shares will be entitled to he N?
the said Interim Dividend on or eher ?*
said 31st day of March, 1920, at the ofe?
of the Guaranty Truit Co. of New York, ?
Lombard Street, London E. C. 3. Coup* I*
77 mast be left for examination at the o?"
of the said Guaranty Truit Co. of New To*
33 Lombard Street, L C 3 three clear ????
ness days (excluding Saturday) before f*V
ment is made. .
Notice is also given that the Directors ???
declared a dividend at the rate of S% ?*
annum on the Preference Shares for tho ?**
year from the 1st October, 1919 to 31?
March, 1920. The said dividend Q*? ?*
iih Income Tax at the rate of 6s. i> the -)
that is to say 4 1-5<L per share net, ? P**T
able on the 31st March, 1920. HoWor? *
Share Warrants to Bearer for '*rJ*^
Shares will be entitled to be paid the ?*?
dividend on or after the ?id 31st My**
1920,. at the office of the National Pro-?**
& Union Bank* of England, Lti, -***
Court, Strand, London, W. C. 2. &*?
No. 33* must be left for examinatioa at ??
ofice of the said National Provineul ?
Union Bank of England, Ltd., Savoy Co**
Strand, W. C. 2 three clear h?*?"? ?f
(excluding Saturday) before payment is ?****
Dated 26th February, 1920.
By order, A. M RICKARDS, Secretary.
Westminster House, 7, Milibaak.
London S. ?'}^
DIVIDEND.
The Barrett Company (& ?)
A quarterly dividend of Two Dj>*.??
(?2.00. per ?hare has neen declared' "V^.
Common Capital Stock and a quarter?** ^
?lend or One D?.llar and S-.-v.-i t>-f0*,^,,.j:
(?1.75) per Rhare on in.* preferred *-*?;?.
Stock of The Barrett Company, >?",,;!?????
Payable on April lot. 1920, W v*?^.
stockholders of record as at ihe t*0*e1, ?5?i.
lness Mar-in 15th. 1920. \nd on AP"i *?
1920. to tho Preferred stuckhulderoof **X
a? at tho close of business M?r;*h ?ZBO?
ERNEST J. STEER. Treaf?*^
OfHee. of The United On improve*?***
X. W. Corner Broad and Arch o**!"
Philadelphia, March 1?, i?-; t
The Directors have tnl? day <****".,|??#
quarterly dividend of two per <**nJ; A* x?
per abure), payabl? April \i- ?-'"? ?? ?
stockholders o? record at th "-'"T. j, i
business March 31, 19?u. Checke **"* I
toattad, fc m UQasaa, umasm \