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Favor Change in Settlements on Stock Exchange Committee of Bankers and Brokers Advoeates Euro? pean Plan, but Says Time Is Not Yet Ripe Tho principle of the term settle? ment? which would provide for tho weekly, fortnightly or monthly de? livery of stock? traded in on the New York Steck Exchange, instead of by 2:30 the next day, as at present, Is heart? ily indorsed by a joint committee 01 bankers ?nd brokers, recently ap? pointed by tho American Acceptance Council. However, like the authorities 0f the Stock Exchange, the committee does not feel that the innovation could be successfully introduced im? mediately. Paul M. Warburg, formerly vice governor of the Federal Reserve Hoard, is chairman of the committee, which was selected on Mr. Warburg', motion "for the purpose of studying the advisability of creating ways ana means of modifying the present system of settlements on the New York Stocn Bxchanjie and substituting thereior gon.o system of periodical settlement." Other members of the committee nre Walter K. Frew, John H. Fulton, ?cnald G. Geddes, Gates W. McGar rah, W. H. Porter, William II. Kemick, John E. Roven.ky, Edward Shearson, Samuel F. Streit, and E. V. R. Thayer. j What Committee Finds After Several months' deliberation, i the committee yesterday made public. its preliminary report, which shows; 1. I;*.*.- the adoption of the term settlement on the New York Stock Exchange would resuit in the elimina- ; tion of a vast amount of duplication : in the handling o? securities and in j the effecting of payments. 2. J' at, with proper safeguards, a term settlement system would be con? ducive not only in bringing about a d?sirai mj ification in settlement opera! ons but also in providing a safer basis for coping with the money requirements than is possible in the ; * call money market. rhat a mass of technical ques? tions W( aid have to be solved and gome legal points to be disposed of before u final conclusion could be reached. 4. That it would not do simply to copy the European systems, but that they would have to be modified and strengthened in order to serve our peculiai needs. To illustrate; a plan J lor term settlement with us would i have to provide for at least as strong j a protection by margins, constantly i to De kept up, as offered by the sys- j tern now in vogue. Time Not Ripe "And," according to the Acceptance Council bulletin, "finally that the new daily sett ? ment machin? ry provided by ' * Ni w York Stock Clearing Cor? poration is to be welcomed as a very marked sup in the right direct on. When '.. - highly complex and splen? didly conceived apparatus has func? tion? I for a certain urne and lias been :? * . and perfected ?n the right of actual experience a safe basis will then be furnished for the contemplation of thi ultimate step, the adoption of a term settlement system. "While the American Acceptance mcil is strongly in favor of a de ment in this direction; while it perceives in the adoption of the term ** ement system one of the indis ab ? st( s t ward tue perfection our banking system, it cannot be sized too strongly that precipi ?? action at this time would be noth orl of disastrous. The prob.em : it be fully understood and t e plans carefully matured before the ; ung? may be safely ventured.-' 1* INANCIAL MEETINGS (llKAiiO AM) NORTH rt KSTKKN RAILWAY LU-VinM. NOTICE OF SPECIAL AND ANNUAL, MEETING. Notice Is hereby g.v.n that a special tr.eetlr.g c t the stockholders of the Chl t?o and .North Western Railway Company, duly railed by its Board of Directors, and the annual meeting of said stockholders will b. held at the General Offl.-s of tt-e Company, at No. _26 West Jackson Boule? vard, In the City of Chicago, Illinois, on Tuesday, the 13th day of. April. li*20. at 11 o'' k a. . i . for the purpose of con? sidering ana deciding: (1) Whether the >? lers o? the Companv will concur In ai . hor *?*' the creation o? a bonded :- -i*- .ess by the ise-.e, at su. h times and n su . ai . mts aa from time to time Its B. _??, of Directors or Executive Corn it.: * maj le, ermine, of bonds, pavab!? ;.- gold co n of the United States of Amer? ica of or equal to the present ..tat,dard of welgl : * leneaa, and limited so that tr.H ? i, u! t tl ereof at any one time out stand:* g, together with all outstanding pr.or <i"v.? of the Railway Company, after deducting therefrom the amount of ail bcr.d. reserved to retire prior debt at or btlore maturity, shall never exceed three times the i. utstandlng capital stock of the | Company, or of a successor corporation, m&turi.s: ITay 1, A. D 2037, and bearing a ratfc of Interest, not exceeding the lawful rate, to be determined by tho Board o| D.rectrrs or Executive Committee at the t:me of Issue, payable semi-annually; and the execution and delivery by the Com P?r.y of a First and Refunding Gold Bond Mt.rt_a_- | , Trustees to be designated by the Board of Directors, dated -May 1, 192?, conveying In t :* - : *n tho corporate property and franchises described therein, to secure the paj ment of all such bonus which are to t>e ,!-?- .< ' for the purpose of purchasing, redeeming ? refunding, before, at or after maturity, t'e outstanding obligations ol the Company, und of other companies who;..- pi ... ? s now are or hereafter shal'. be own. I * :* acquired by the Chi. ago and North Western Hallway Company by con ?oiidatlon purchase or otherwise; for the purpos. of the future enlargement, Im Provement, extension and equipment of the pn pe tie? ? f the Company and of such other companies; for the construction, pu: hase or acquisition of other rail? ways aim property, or for tho purpose of reimbursing the Company for moneys Which at any time may bo or may have been expended for any of the purposes tforeaa.d: and \\*?l approve such mort? laite ir, the form to be submitted at said toeeting, a* I will ratify the action of Its Board of Directora authorizing the crea? tion ui Ru h Indebtedness, and the execu? tion of such mortgage: and ('?) Whether Ins Stockholder? of the Company will au? thor, se the purchase of all the property, Including a'., franchises, rights, privileges ?nd Immunities pertaining thereto and all ?PPUrtenan es thereof whatsoever, of each ?" the following named proprietary companies: Wolf Rivet Va?ey Railway Company, Red. Four? he Vall?y Railway Company, Jatt <?? River '-.'alley and North Western Railway Company, Macouptn Lounly Extension Railway t-Otnpar.y, li"-1? Southern Hallway Coir.pany, ?V:.souri Valley and Blair Railway and ? Company, Wv.ming und Northwestern Railway company, *i!err*' RaPld City and North-Wester? Railway Company, ierre and Fort Pierre Bridge Railway The li., }>u._ Laa<t and Eastern Railroad .. P?n>'. atut h* Albany Rail Road Bridge Company. "J consideration of the payment to each oi ?aid companies of the sum of one dollar ? f|- ...?^.liirB ,,L ,11,- .11111 VI Ul.r u?. ll?l ail i?. Msumptlon by this Company ol ?" ?n* debt?, liabilities and obligations of ?en of ?auj companies; and will ratify th?. ,'"0** !,f !ts Board of Directors au. ">orixing such pur .Las.? upon such terms ? 'in condlt .....o?. b? il* fu,rlh"r purpose of said meeting will tT.i- ejection of Directors and the trans bef?.? ?' auch other business as may come ?erote uid meeting. Mari1*, ,/ hooks will be closed on Friday, on th i2* 19**'?- ?t ?he close of business W.a^ . day ?nd will be reopened o? wWntadar, April 14. 192?. r!?,?ji?,.r nf li'? Board of Director* U?M tlinag., Ill'nols. January 81. 1??. jfm**IyLlAM H FINDET. rresidenV. ?J?^[_?_CALDWELU Secretary. C ?S?n?J?.-. "A?NT PAri. MINXKArOU? k3?.**m-<J?A RAILWAY COMPANY. NOTICE OF ANNUAL ME ?t tf. ,!?Ual Meeting of th. ? ?nd o? . ?"0, Sa!nt Paul ?? ?vlJ iia ?allway Company will be n*ia of" w.,*0"1"0 of lh? company, in the city Anrll ,4 I1'. w'sconsln, on Wednesday, the .i? ., 192?- *t nine o'clock A. M., for ?ction ,lon ot director? and the trans? ito*. - ,?ucn ,),h,?r business as may com? TV* "*!<- meeting, toy ?I u book? will be closed on Frl ???i on*..?t12* 192?- ** ?he ?lose of bus' thorsda? ? dSy' ?n*1 w111 be reopened o? e?Urty'irA1Pr" 16, 132?. IUi' r?br??''y 28, ?389. #Qfew ?^??*8 T. CLARK. Presld?U Business News NO EASING of the discount rate? on commercial paper la yet in sight, ac? cording to bankers, who said yesterday that the demand for funds from business still bulks large. The better names are quoted at 7 per cent and little money is being loaned below that figure. Tha improvement in the market I for bankers' acceptances continues and there is a good demand from both i local and interior banks. COTTONS?Primary Markets Active; Prices Advance Pnces of cotton goods in the gray or unfinished state advanced Yesterday, as | a result of more active trading than ! ?e market has experienced on many i Mondays past. The standard 64-60,1 38^-inch print cloths gained a half ; cent a yard for spots, going from 24 [ to 24H cents. In many brokerage: | housts the demand for print cloths pre- ! dominated, leading to the belief that? printers are the most active buyers at I present. Most brokers reported that, ? while the market was active, sales were I confined largely to small lots for im- ! mediate use. Buying far into tho fu? ture has not been resumed to any great extent, according to brokers. _ Finished goods continued relatively inactive. Converters supplying the gar? ment manufacturing trades, particular? ly tho children's clothing field, report? ed that sales were few and collections slow. The financial side of the busi? ness is crowing in importance, convert? ers assert, and many of them are pull? ing in the credit reins on their cus? tomers. On the buying side the con? verters appear unwilling to tie up large amounts of money in unfinished goods at present, SILKS?interest in High Class Staples Reviving Retailers and garment manufactur? ers, the largest buyers of silk goods, are showing more interest in the mar? ket than they have for some time past, in tho opinion of several leading manu? facturers. Some of the producers of high-grade goods are of the opinion that the worst of the slump, which be? gan around the first, of last month, is over. However, the price-cutting that has been going on in the low-end silks still persists. Demand for silks for use during the next two months has revived to some extent, and inquiries for fall goods are increasing, according to the makers of fine fabrics. Figuring on fall lines has been resumed and some of the manu? facturers are basing their costs on raw silk at around $14 a pound. This is from |1.50 to $2 above the price at which raw silks have been figured in goods already produced for spring or in the process of manufacture. The big producers are ulso figuring on labor at its present price. Th? cuts of three cents a yard made in the weavers' pay in a few of the Georgette mills in Paterson, say the big-mill men, are not indicative of a general reduction in tho price of labor. A few manufacturers who were dubi? ous a few weeks ago concerning the ability of the trade to pass along high? er prices are beginning to believe that prices must advance. The more con? servative among them frankly expect a diminished demand to result from another increase. JEWELRY?Retailers Report Strong Call for Movclties There is a strong demand for glit? tering effects in chains, beads and bags. Imitation amethysts, topazes and sapphires are perhaps the most popu? lar, owing to the readiness with which they harmonize with the various shades of brown which prevail in the season's ';r?.-s shades. As the season advances jet is expected to become more fash ?nnble. Beads, bracelets, hair orna? ments, shoe buckles and bags made of Commodities Cotton Tho feature In the market yesterday was continued covering by near snorts and ? sensational ajvanc? in the price of March contracts. There was some March for sal?, around 40.40 at the open? ing and It was rumored that the liquida? tion of one of the larger long lines was completed around that figure. Other March loners were evidently holding for higher prices, however, and shorts found It necessary to advance their bids sharply to secure a ci>mpar?tlv?ly limited supply of contracts. The price touohed 41.70 in the late trading, ur 135 points above the closing quotation of last week, and closed at that level, with the general list closing firm at a net advance of 37 to 136 points. There was some selling at the start owing to lower Liverpool cables, a favor able long range weather forecast and the early decline in foreign exchange. First ? were 15 points lower to * points higher, with May and later dellverlos sell? ing i; i" IS points net lower during the first few minutes. The evident strength of March held offerings In check, how? ever, and the tiaik"! soon turned firmer on covering by May and July shorts. Buy? ing for trade account also was in evi? dence, particularly in July, which Bold up to 31 B5 In the late trading, or 75 points net higher. The ? lose was only a few points off from the best on May and later deliveries as a result of realising. The opinion prevailed around the ring that only a small Interest remained out? standing in March, but It was realized that even a few contracts might cause violent fluctuations owing to the Impossi? bility of getting cotton nere for delivery before the end of the month. Trading In the present March contract will end at noon on Thursday, even If the remaining interest is ri"t completely evened up be? fore then. The daily forecasts published shortly after the op nlng were less favor? able than expected and probably con? tributed to the advance In May and later deliveries. Southern spot markets as of? ficially reported were- 1 ;i points lower to 56 points higher, ' with a small volume of business The local spot market was steady and 7? points higher at 43c for middling. No sales were recorded. The range of prices follows: Saturday's Open. High. Low. Close. clos?. March. 40 44 41.70 40.-in 41.70?-40.36 May . . 37.76 88 40 r?7 T2 38.40?38.44 37.87 July... 36.00 35.86 34.99 35.78?36.83 35.10 Sept . 32.90 32.80 32 HO 83.60?- 33.06 Oct .. 32.10 32.63 32.04 32.60?32.63 32.11 Dec ... 31 27 31.90 81.27 31 90?31.93 31.33 Jan.... 30.94 31.30 30.90 31.28?31.32 30.87 Feb.... 30.83 31.02 80.83 31.12@31.16 30.76 Southern snot markets follow: Norfolk, oulet. unchanged at 89.60c; sales, 170 bales. ! Baltimore nominal, unchanged at 40.50e: sales, nil. Augusta steady, 13 points lower at 10c; sales, 658 bales. Memphis steady. unchanged at 40.50c; sales 650 bales. St. Louts steady, unchanged at 40.50c: sale?. nil. Houston quiet, 25 points higher ai 42.25? , sales, nil. Dallas Bteady, 35 points higher at lU.55c; sales, 642 hales. Mont? gomery firm, unchanged at 39.63c; sales, 50 bales. l'on Worth steady, 65 points higher at 42.80c; sales, 1.021 hales. Gal veston steady, 25 points higher at 4P,,25c; sales, 1.055 bale? New Orleans steady, unchanged at 41c; sales, 1,195 bales. Mobile steady, 50 points higher at 40c; sales, 1,028 bales. Savannah quiet, un? changed at 40.75c; sales, nil. Cotton Statistics Yesterday Last wk. Lait yr. Port receipts. . . 18,157 14,.112 10,266 Kxports .. 66.507 1.025 6,496 Kxports seaeon. 4,873.984 4,695,059 3,329,728 N Y. stocks... 4:?.009 51.478 86,571 i I'ort stocks . .1.?88.68? 1,329.129 1,297.979 Interior receipts 12,000 13.038 12,990 ' Int. shipments 10,000 13,002 10.:<;i8j N. Y. arrivals.. - 1.600 1.718 Liverpool Cables?Spot cotton quiet at j 11 points decline on tha basis of 28.69d for middling. Sales 4.000, American 3.000. ' Importa, ?l.000, all American. Futures i Opened quiet at 22 to 3 1 points declino1 Closed steady, net unchanged to a decline of 19 points. March, 26.80d; May. 25.71d; July, 24.79d; Oct., 2;?.00d: Dea, ?53.09d. Manchester: Yarns firm; cloths quiet. | Wheat?Kxport orders again appeared In the market and bids were considerably [ raised over those of last week. It was I said that the principal buyers were pre I pared to take large quantities of wheat either at the Atlantic range or at Oulf I ports, but otters were limited. Sales were i reported, however, of 200.000 bushels at the ?lulf. which was said to have ?old j on the basis of $2.66 for No. 2 red, f. o. b. ! There were also one or two small lots | sold here at ?2.69 to ?2.70 c. I. f. track. ! This demand at the seaboard appoared to strengthen the Interior market, and Min? neapolis was up 6 cents, white Kansas i City was unchanged to 2 cents higher. The visible supply showed a decrease for the week of 1.347,000 bushels, bringing the total to 47.679,000, compared with j 101.94?.000 a year ago. There aro large i supplies In the country, but the move. I meut is of small proportions, owing to the car situation. The numerous com? plaints regarding the outlook for the now crop aro having more or less Influence on the market at the present time, and the; trade appears to toe less concerned over! th?? probaWUtjr o? the ?Beet of the wUh^j jet are being* worn with evening- ?nd dinner gowns. Smart collars made of strings of pearl held together by up? standing jewelled links are among the newest lines. In addition, 45-inch strings of pearls are worn looped about the neck. Jewelry manufacturers continue to find it difficult to secure adequate sup? plies of semi-precious stones. A scar? city of tourmalines, amethysts, gar? nets and peridots exists. Although a few shipments have reached here within tho past few weeks, they failed to keep in step with the demand. Manufacturers who expressed the opin? ion that supplies would be received from Austria after the ending of the war have grown uneasy and have sent representatives to that country and Czecho-Slovakia to get stocks. LEATHER?Deliveries of Fall and Summer Shoes Better Shipments of finished shoes are go? ing out of the local factories in large volume, following embargo removals and the breaking of transportation dif? ficulties. Figures for the last week show that shipments in that period ! were the largest thus far during 1920. Large stocks of merchandise had ac- ? cumulated, and, with retailers and i wholesalers calling for quick delivery, shoes were rushed out as fast as poss'i- j ble. While the shipping departments are being cleared as quickly as possible, j production schedules arc still off, al? though the industry is rapidly getting back to normal. Most firms now have all their sales men on the road showing fall stocks, i Brooklyn manufacturers, after putting i out the brogue cautiously on the mar- i ket, are pushing this style with more I vigor. Practically every salesman is carrying a varied line of brogues. ! There is no recession in prices. Brogues are being made of grained and boarded j leathers, with heavy soles. A big sea son in brogues is expected, and retail? ers arc placing fall orders for this style accordingly. Retailers also pre- ! diet a long low shoe run, particularly in women's footwear. The leather market is still carefully ? watched by buyers. Witb salesmen on the road sendintr hack orders, buyers nparehtly are holdinjr off as long as possible. Several of the large manu? facturers finally have reached the con? clusion that higher prices are danger? ous. Pointing to tho extensive propa? ganda against the high cost of shoos and other leather goods, these manu? facturers expect a more conservative buying policy from both the public and the retailer. F ?UR S?Canadian Auction Sale Opens Approximately four hundred buyers from the United States, Canada and Europe assembled in Montreal yester? day for the first fur auction sale to be staged by the recently organized Cana? dian Fur Auction Sales Corporation, Ltd. American buyers were interested in the large offering of Canadian furs. Mole, one of the first articles offered, brought average prices slightly below those set at the New York and St. Louis nuctions. A beaver skin, emblematic of Canada, was sold for th'o benefit of the Univer? sity of Montreal building fund, and brought $13,750. The morning sales totaled $190,473. drawal of the government support when the grain corporation goes out of busi? ness on June 1. Corn?New high records were ?gain es? tablished In the corn market and prices more than recover? d the losses experienced at the close of last week. The main bull- I ish feature in the whole sltuntion was tha car shortage and the Inability to move corn from country points to the terminal markets. This has resulted in repeated advances and the trade has-sbout come to the conclusion that there is little probabil? ity of any sustained decline until re? ceipts increase sufficiently to create a sur? plus to stabilize the market. There was heavy buying for outside account at times and those who had ?old short last week ' on the assumption that the bull move? ment had culminated, were forced to cover. Yesterday's Previous Yea" New York: close close ago Corn,, No. 2 yelow.11.84 $1.80% $1.78% Chicago: Mav . 1.58% 1.65% 1.47 H July . 1-52% 1.48% 1.37% On tu?The market was also strong, al? though prices were slightly b?-low the high point of iast week, Commission houses and shorts were good buyers on the small receipts and strong cash markets. Dut t livre was sufficient hedge selling to hold the market within a narrower rang.-- than that experienced in corn. Yesterday's Previous Year New York: close close ago No. 2 white.$1.07%@1.08 1.07 % @ 1.08% .78 Chicago: May . 87% .86% .68 July . .60% .79 .66% Ry?s?Market firmer. Yesterday's Previous Year New York: Close close ago No. 3 West.. ?1.79 ?1-94% ?1.35 Flour and Meal?Quotations wer?; Yesterday's Previous Year New York: close close ago Minn, patent ?1275 $12.75 $11.65 Cornmeal ..4.00? 4.10 4.00?? 4.10 3.75?4.00 Rve flour ..9.00^9.40 9.0009.40 6.05??9.60 Bran . 65.00 53.00 48.00 Cottonseed OH The strength In other commodities. In? cluding cotton, lard and grain, caused a I more active imylng movement In cotton? seed oil. and price? were firm and higher, closing with net gains of 13 to 20 points. Shorts covered freely, and while cash in? terests were credited with selling on the' bulges offers were readily absorbed. Total i sales for the day were 16,900 barrels. Tho range of prices follow: Saturday's I Open. Tllch. Low. Close. close, j Spot...- - 19.35ff20.00 19.00 1 March. 19.50 19.50 19.50 19.40? 19.70 19.26 April... 19.50 19.61 19.60 19.4r><ir 19.60 19.45' May.... 20.35 20 40 20.34 20.36@20.38 20.22 July... -0 60 20.75 20.60 20.69 @ 20.70 20.49, Aug_ 20.75 20.?0 20.72 20.75(y. 20.80 20.60: Sept... 20.65 20.65 20.65 20.70 tf 20.80 20.50' Sugar and Coffee , Current Year j prices. ago. Sugar, granulated, per In. . .1 4tfM6 9 Coffee, Ri? No. 7, per lb.... 15 16'., '?? Coffee, Santos No. 4. per lb.. 24 19.70 | Sugar?Cuban raws advanced sharply i yesterday, refiners purchasing about 60,000 ? bags late March, earlv April shipment, at ! 11 %e. cost and freight. A Philadelphia refiner also bought 25.000 bags Cubas. April ! shipment, at 12c, cost and freight, placing] the duty paid price at 12.19c to 13.04c. | Early In the day local refiners bought about 40,000 bags Porto Ricos, March, early ! shipment, at 12V4C c. i. f. At the close of the day there was a continued buying in- j terest at paid prices, but holders were ask- i lug fractionally higher levels. Refined '? sugar was unchanged. Rapid increases In j distribution by refiners were still ham- j pored by the scarcity of empty freight i cars . Coffee future? ? Disappointing Brazil : cables caused weakness In the market yes- j terday at the start, call prices being 19 to 21 points below the previous close, i From this level values worked lower on reports of a decline of 25 to 100 reis in Santos futures, together with easier firm offers In the cost and freight market and a quiet spot demand, late In the day, prices selling into new low ground for the ?lay, most of the offerings coming from trade and Wall Street sources. Final prices were ? 18 to 31 points net lower. The probable use of tho easier cost and freight mar? ket was the decline of 7-32d In Rio ex. change on London. Santos 4s were here at 2S',c and Rio 7s at 19.16a, sterling ? credit, and Rio 7s at 16%c American credit. The range of prices follows: Saturday's Open. High. Low. Close. clow. Mar_ 14.17 14.17 14,17 14.120'14.15 14.43 May... 14.50 14.60 14.?0 14.42el4.43 14.68 July... 14.70 14.70 14.?13 14.68@14.64 14.87 Sept... 14.42 14.46 14.38 14.43? 14.43 14.63 Oct.... 14.60 14.50 14.50 14.42?&14.43 14.62 Dec... 14.38 14.38 14.35 14.39#1440 14.58 Butter, Cheese and Eggs Butter?Receipts were 4,947 parkao-es. Creamery, higher than extras, lb,, 69? 69 %c; extras, 92 score, 68 Vic: tlrsts, 90 to 91 score. 66 4@68c, firsts. 88 to 89 ?core, 64<t?<6c: seconds, 83 to 87 score, 69@63c; lower grades, 55@&8c: held, extras, 63@ 64?-; firsts. 59@62c; seconds. 5Stff)58c: un salted. higher than extras. 72%?73c; ex? tras. 71@72o; ffrsts, 66?69c; seconds. ?0? 64c; state dairy tubs, finest, 66@68c; good to prime, 60?t5c; common to fair, 4?? 16?o; renovated, extras, fSo| firsts? 61$ Exchange Ruling Blocks NearCorner In General Motors Announces That New Shares Are Deliverable in the Ratio of Ten to One Against Sales of Old Prompt action by tho Stock Ex? change authorities yesterday prevented what may have developed into a comer of General Motors common stock. Af? ter the price in the first few minutes of trading had reached the new high record of 409, mainly because of ur? gent buying by those who had sold in anticipation of a decline, the commit? tee on securities ruled that the com? pany's new no-par value shares were a good delivery against sales of the old stock in the ratio of ten shares of now for one of old. This announcement encouraged the* bears to start new operations and, aided bv selling from those who had bought for tho rise, they succeeded in bringing about a decline in tho old; stock to 363, or 46 points under the high. Both the sensational rise and the subsequent, drop fbok place in the! first hour of trading. Covering opera- j tions by traders and what was termed "inside buying" curried the price at the close back to 373.6, a net loss on' the day of G'4 points. The action of the Stock Exchange au? thorities in their attempt to put a stop to the wild market in the old stock met with considerable criticism in ' some brokerage quarters, where it was '? felt that tho committed on securities should have acted sooner in announc- ' ing its decision. Tho new stock was! admitted to trading on the exchange ! on March 5 as a result of the recapi- ] taiization plan of the Genoral Motors) Corporation in issuing ten shares of: new common stock in place of one I share of the old stock. Since that! time, however, those who have sold the old stock have been compelled to i deliver in shares of the same issue. In view of the fact that the floating! supply of the old shares has been | greatly reduced by their exchange for! the new stock, it has been difficult for; the "shorts" to borrow stock to deliver! against their short sales. It was this! condition that; accounted in a large measure for the wild market of the past week in the old shares. At yesterday's record high price General Motors showed an advance of 183^ points from the year's low of 225%, touched in February, and a gain of 2V6 points over the previous high price of 406**2, made last November, just prior to tho big decline. The new high price was equivalent to 2,045 for the original common stock, which was split up live for one late in 1916. In that year the stock could have been purchased as low as 120. i -? Western Electric 1919 Profits Grow Though sales of the Western Elec? tric Company in 1919 declined $0,504,000 to $135.722,000 owing to the lessened government requirements following the cessation of the war, net profits available for interest and divi? dends were larger in the year than in 1918. The reason for this, the an? nual repotr issued yesterday to stock? holders explained, was due to the cut in merchandising costs of $9,799,251. Total income last year amounted to $136.577,067, which compares with $145,891.038 in tho preceding year. Cost of merchandise absorbed $118,420,440 of that amount against costs in the year before of $128.219,691. Other expenses aggregated $10,986,139 and taxes $1,518,399. The balance avail? able for dividends after all expenses and charges was $4.388,909, a gain of S87X.528 over 1918. After allowing for dividends of $1,800,000 on the pre? ferred stock there remained a balance applicable to the 150,000 shares of com? mon stock equivalent to $17.25 a share, against $11.40 a share in the preceding year. Holders of the common shared $1,500,000 in dividend disbursements during the year, leaving a $1,089,909 surplus. Merchandise on hand December 31 last, was inventoried at $45,097,845 on ' the balance sheet. This is about the same amount as the year previous. Cash on hand was placed at $4,914,238, and bills receivable $1,355,015. Ac? counts receivable aggregated $29,526, 549. Total assets were $128,489,925. On the liability side $30,000.000 was shown in preferred stock and $27,054, 594 in common. First mortgage 1922 5 per cent bonds were put at $15,000, 000. General bills payable totaled $13,500,000. Unfilled orders at the end of the year ' amounted to $47,442,000, which is the largest amount of business ever on the books and compares with $26,265,000 at tho end of 1918. Booth Fisheries Earned 34 Cents a Share on Common As a result of operations in the year' ended December 31, 1919. the Booth Fisheries Company returned a surplus after charges and Federal taxes of $431,834, equivalent, after preferred! dividends, to 34 cents a share earned on the 250.000 shnres of common stock outstanding, compared with $749,359, or $1.89 a share, in 1918. i Net profits were $1,433,238, a $784,439 falling off from the preceding year. Interest absorbed $707,728 of that amount, or $12,148 less than in the year j before. Federal taxes also showed a ; decline, being placed at $48,000, com? pared with $250,000 in 1918. After in-; terest of $707.728 had been deducted: balance available for dividends was j $431,834. Surplus after all charges ag-! gregated $86,887, a decline of $386,638; from the preceding year. 64c; Imitation creamery, first?. 46?47o: ? ladle.., current make, first*. 44?45c; sen- j onds, 40041a; lower Brades, 3S@39V?c;; packing mock, current make No. 1, 41o; j No. 2. .fl'4ii40c; lower grades. _fi@3.c. < hese- Receipts were 1.S54 boxes. Held ! flats, sp?cial.", HO? 31c: average run, 28? ? 29c: lower crudes, 14?27c; twins, held, i specials, whites. 29028\4c; colorea, 29? ! 30c; average run. white or colored 27H ' ?28V?c: lower grades, 18?27c; Wiscon? sin, whole milk, held. twins. -I'd 30c: single Daisies, held. 30@31V.o; double daisies. held, 29 ? 31c: Youn? ; Americas. held. 32 ? 33c: fresh, 32 j @32V4c; state skims, fiats and twins, held specials. lS021e; fresh spec!. Is, 17?18o; prime to choice, 13?18e: fair to good. 10? 12c; lower grades, ?IT 9c. Kggs?Receipts were 10,179 cases. Fresh gathered, extras, dozen. 51?52o; extra firsts, 49',? ? 60c; firstB. 47',4? 4?e; second?. 46 ? 47c: dirties, No. 1, 44@45c; No. 2 and poorer, 41 0 4.1o; checks, good to, choice, dry, 3S@4fle; duck egg-s, Western and prime Southern, 70*? 72c; state, Pennsylvan.n and nearby West? ern hennery whites, extras. 69if6?e: firsts to extra lirais, 64?I 58c: gathered whites, I firsts to extra firsts, 64@58c; AVestern whites. under grades. 52?j*u3c; Paclllc ; Coast whites, extra firsts, 66058c; firsts, ' 53064c; small, Petaiuma, 47?48c; other sections, 45047c; other Western and j Southern, gathered whites, 49?56e: state, j Pennsylvania and nearby, hennery browns extras. 64065c; gathered brown and mixed ] colors, extras, 51 ?52c; firsts to extra firsts, , 4 7'.. @60c. Livestock, Meats, Provisions Yesterday Year ago Live steer?, fair to prime. 100 lb. .$12.25014.60 14.25011.SO Dressed beef sides. lb.180 ?? -?O0 .28 Live veals, common to prime. 100 lbs.17.00023.00 14.00019.00 Dressed veal, city. lb.2<0 -33 .18? .28 Live ewes. 100 lbs. 8.00(912.00 10.00014.00 Mutton, city, Ib.. .170 .22 .19? .24 Livf lambs, fair to prime. 100 lbs. . 18.50? 20.00 10.60? 21.00 Pressed lambs, city, lb.26? .33 .31? .33 Hogs. 100 lbs. . . . 16.00?17.00 18.25019.50 Dressed hogs, bacon. lb.ISVia.UH .25^0.26* Mess pork, bbl... 42.00043.00 52.00? - Mess beef, bbl-16.00018.00 85.0008800 Lard. Middle Wert, 100 Iba. i.i>i.81.tt9IUt ?M0?. 8,*9 w ' < Fairchlld Barri?? AKRON. Ohio?-A. Roseniwalg. clothing, shoes and furnishing?; Pennsylvania. ALBANY ? W. M. Whitney Co.; A. 3. Palmer, floor covering?, rugs an* ear pets: 118ft Broadway, ALBANY?W. M. Whitney Co.! Mr. Re* trew, leather goods, Jewelry; 11?? Broadway, Room 826. ALTOONA. Pa.?W. F. Oable A Co.: H. V. MaeDonald, carpets, upholstery; i?0 Fifth Avenue. ATLANTA?Bass Dry Good? Co.; L. B. Joel, dry goods: Pennsylvania. ATLANTA?Chambsrlln, Johnson. DuBose Co.: J. Bloodworth, coats and suits; Pennsylvania, ATLANTA, Qa.?-Frohsln's: J. Frohsln, women's, misses' dresses, suits, coats; 803 Fifth Avenue; Knickerbocker. BALTIMORE?.!. Miller Co.; J. Miller, silk?, satins and velvet?; Aberdeen. BALTIMORB?American Wholesale Cor? poration: C. H, Oarlty, hardware, tools; 354 Fo'irth Avenue. BALTIMORB?Polan, Kat* A Co.; C. Katz, general merchandise; care ??T0 Broadway. BALTIMORE!?Kramer A Sauber; N. Sau? ber, waist? and piece goods; care 1183 Broadway. BALTIMORB?Sehlosn Bro?. A Co.; H. Schloss, silks, woolen and cotton piece goods, etc.; care 230 Fifth Avenue. BALTIMORE?L. A I. Greenbaum; I. M. Oreenbauin, mfr?. waists, dresses, house dresses: 1183 Broadway. BALTIMORE?N. Rosen A Co.; N. Rosen, mire cloaks, suits; Pennsylvania. BALTIMORB? L. Freudenthal A Son; <?srl Freudenthal, tailors' trimmings; McAlpIn Annex. BALTIMORE?Shapiro A Morrison; I. Shapiro,' woolens; 133 West Twenty third Street, 1st floor. BANGOR, Me. ? Quebec Fur Co.; A. L. Pooler, furs; Grand. BERWICK, Pa.?Berwick Stores Co.; W. ?.'. Garrison, general merchandise; C. W. Hagenbuch. representative; Breslln. BINGHAMTON, N. Y.?Slsson Bros.-Wel don Co.; W. H, Armstrong, underwear; Miss D. W. Raymond, coats, suits; Breslln. BLOOMSBURG, Pa.?Miss S. C. Watson, millinery; Churchill. BOSTON ?Houghton A Dutton: M. Miller, millinery; 404 Fourth Avenue. BOSTON ? B. Levy, tailors' trimmings; Aberdeen. BOSTON?R. II. White Co. : S. Falk, boy? clothing; 432 Fourth Avenue. BOSTON?Fileno? (upstairs); Mr. Post women's Inexpensive dresses: Miss Jan sen. toilet, leather goods; Miss Morgan women's costun??, dresses; (basemerrt) Miss Sweeney^ millinery; Mrs. Kasanof lad|e8' neckwear: Miss Berk, ehildren'i millinery; Miss Goldlng. waists: Mr. Ring women's, misses' dresses; Mr. O'Brien women's, mlsso?' coats, suit?; Mr. Hahn leather goods; Mr. Tobay, shoes; M Cooper, general merchandise; 225 Fiftl Avenue. BOSTON?Jordan Marsh Co.; Mrs. L. Altl mus. women's coats and aktrts, base ment; F. A. Burdlek, women's costs an? skirts, bathing suits; C. II. Berry, sma! wares, hair goods, patterns; J. A. Bel yea. women's neckwear and belt?; E. H Bell, upholstery, curtains, portiers; J. A Bailey, wash "goods, lining?, basement B. Armstrong, misses' and women's cot ton waists; C. II. Hurd. women's hosier and knit underwear; G. A. Galbraltr braids; B. O. Hawkins, rugs, matting! oilcloth, carpets; Miss Haughty, misse! suits; Miss N. Hamllburg. neckweat basement: .1. F. Donovan, men's hosier and underwear; Miss McCauley, wotfien' extra sire apparel; W. T. Myers, sll waists and sweaters; P. McHugh. silki dress goods, basement; B. .1. Pendergasl general merchandise; Miss C. Sweene> women's suits, tailored and high grade R. J. Trimble, women's and children' cotton underwear, basement; Miss F. \' White, children's dresses, basement D. E. Walsh, wash goods, linings; Ml? J. E. Montena, waists and children' wear; enre 432 Fourth Avenue. BOSTON?Blanchard, King A Oliver; O. . Oliver, men's furnishings, ladles' talloi Ine, mfrs. shirtwaists; Navarre. BOSTON?Butler's; Mr. Grlt%h, ready t wear; 352 Fourth Avenue; Kirby, Bloc X- Fisher. BOSTON?J. J. Mahoney, clothing: Mat hat tan. BOSTON -Blodgett, Ordway & Webbei ?' M. Larrabee, dress goods; 54 Whit Street. BUFFALO?M Segal, ready to wear; Brei lin. BUFFALO?J. N. Adam Co.; J. A. Taylo laces, neckwear; Miss B. E. Mayo, mi Hii'iy; 2 West Thirty-seventh Street. BUFFALO?W. A. Morgan, successor t Sic grist A Fraley; J. J. Glaser, knit, ui derwear, notions, leather goods, art stationery, ribbons; H. A. Stumps, ca pets, draperies sn?I toys; 1133 Broa? way, room 326; P. S. Farmer. BfRI.IN'^TON, Vt.? E. E. Clarkson Cr E. E. Clarkson and Ralph Hill, women garments; Waldorf-Astoria. CHAMrAION, HI.?V.'. L. Lewis A Cf C. C. Rumpel, ready to wear: 1150 Broa wav: Tllggens. CHARLESTON?Louis Cohen A Co.; Schatz, ready to wear; 4 4 East Twent third Street. CHARLESTON, W. Va..?H. II. Noel Cf H. H. Noel, women's ready to we? men's clothing, furnishing goods; 11 Broadway, room 301. CHICAGO -John V. Farwell Co.; J. Rosenberg, dresses, waists, skirts; Leonard Street. CHICAGO?Carson, Plrie A Scott: II. Bruce, Miss Sandwall, Miss Blum, rea' to wear; 404 Fourth Avenue. CHICAGO?Boston Store; Miss Kelly, mu lin underwear, Infants' wear; 44 Es Twentv-third Street. CHICAGO?Chas. A. Stevens A Bro.; M B. H. Collins, suits only; 40 East Twent second Street. CHICAGO?Mandel Bros.; Mrs. Fowl, wrappers, negligees, aprons, petticoat Miss Hayes, waists, misses' outfitting O. J. Moyer. carpets; L. Solomon, cos wraps and skirts; Mr. Gottlieb, ba.? ment coats, suits, tlresses; l3 Ec Twentv-second Street. OHICAiTO?Carson. Plrie & Scott; J. Amann. upholstery: 404 Fourth Avent CHICAGO?Rothschild A Co.; B. V. V Sickle, clothing; 470 Fourth Avenue. CHICAGO?Hlllman's; Miss Swing, wols sweaters; 277 Fifth Avenue; Hart Flanagan Co. CHICAGO?Marshall Field A Co.; R. Snodey, upholstery; F. L. Gage, Engll and automobile millinery; HOT Broa way, CHICAGO?L. Klein, Inc.; S. Le Boa* Jobs women's, misses', children's coa junior suits, skirts; 1133 Broadwi room 326. CHICAGO?Sears-Roebuck Co.: D. L. > klnson, knit underwear, hosiery; B. Thompson, hosiery; F. G. Suffleld, tp? poods, flannels; J. Potash, waists; i Fifth Avenue. CHICAGO?Mandel Bro?.: B. B. Pill gloves, umbrellas: Cumberland, 13 Ei Twenty-second Street. CHICAGO?Phllllpshorn's: H. Kaufmi furs, fur coats: 912 Broadway. CINCINNATI?The Arstics Garment C M. Levlne, merchandise manager; Oral CINCINNATI--The Roitman A Sons C F. !,. Mandlnve, ready to wear; York. CLARKSBURG, W. Va.?Watts-Lamb? Co.; C. E. Lamhenl, dry goods, mllllne carpets, furniture; Pennsylv inla. CLEVELAND?D. Asadorlan Cd.; D. Ai dorian, floor coverings, rugs and carpe Broztell. CLEVELAND?Hirsch Co.; Miss Coh trlcolette blouses; 1160 Broadway; So mon. CLEVELAND?Ames Co.; L. S. Welnste furs; 116 West Thirty-second Street; Fantl. DALLAS. Tex.?S?nger Bros.; J. Davl hoys' clothing; Miss B. Ullman. M Mandelbaum, millinery; 19 East Twen fourth Street. DALLAS, Tex?I. H. Weil A Co.; I. Weil, coats, suits, dresses; 1160 Broi dav; Solomon. DALLAS. Tex?W. A. Green Co.; E. Pollock, cloaks, suits, furs, muslin i derwear. Infants' wear, corsets, rr llnery: 1150 Broadway; John M. Blggl DAYTON?S. A M. Margoils Co.; Mr. M golis, ready to wear; 1170 Broadw room 810. DETROIT?J. L. Hudson Co.: S. J. Dat ?-oats; Miss Mahoney. misses' appat 225 Fifth Avenue: Assoc. Mdsg. Corp. DETROIT?The Emporium: Miss K. M grave, waist a muslin underwear, 1 gerle; 116 West Thirty-second Stre A. Fantl. DETROIT?Ed.?on Moore; J. R. Putr rug?, linoleums, draperies, curtains; . Leonard Street. DETROIT?A. Krollk A Co.; J. A. Lah notions; 377 Broadway. DUBUQUE, Iowa?Roshefc Bros. Co.; S. Roshek, suits; 1133 Broadway, room 7 FAJ-L RIVER, Mass.?St?iger-Cox C C. H. Cox, ribbons, laoes, ladles' g ment?; A. Poisson, representing; Grand Street. FORT WORTH, Tex?S?nger Broa; Rubensleln. boys' clothing; 19 E Twenty-fourth Street. GOLD3BORO. N. C.?A. Philip, dry go and nollons: Continental. GRAND RAPIDS??'bar?es Trankla A ( F. W. Wendland, cloaks, suits; Fourth Avenue. HARLEM. Ga.?W. E. Hatcher ft Son; F. Hatcher, dry goods and clothl Pennsylvania. HARRiSBURG, Pa.?Bowman A Co.; J. Morris, millinery; 277 Fifth Avenue. HARRISBURO, Pa.?K?urm?n'i Under? log Star??; B. T. Shuman (b?seme house dreaae?, children's dresse?, ?h waist?; 37 Wait Twenty-sixth Street, floor. HARTFORD??. Llebman, tailor?' tr mlngs; Broadway Central. HARTFORD ? Sage, Allen A Co.; E. Allen, representing; 404 Fourth Aver D. O. Alliance. HARTFORD, Conn.?L. 9. Goldschmid Co.; L. S. Goldschmidt, dry goods, la knit goods; Manhattan. HAZLBTON, P?.?P. Detaroth'? Son?; ] M. Becker, draperie?, dress goods; Fourth Avenue. INDIANAPOLIS? L. S. Aires A Co. ; I F. Zlera, fur?, ?kin?; 235 Fifth Avei Assoc. Mdsg. Corp. INDIANAPOLIS?Efroymtwn A Wolf Wolf, ready to wear; 116 W??t Thl second Street; A- Fantl. | INDIANAPOLIS?? S? WaaMA ?? Misa R. Wagoner, misses' ready to wear; 116 Wert Thlfty-saoond Street. INDIANAPOLIS?H. P. Wa??on * Co.; Mis? P. McKamey. millinery; Mloa A. Simon, dresses; li? West Thirty-second Street; A. Fantl. INDIANAPOLIS ? Hlbben-Hollwak Co. : Miss Saltmarach, drapery; 820 Broad? way. ITHACA. N. Y.?Rothschild Bros.: T. H. Greenway, cloak?, ?ult?: The Annex. JACKSON, Mich.?B. W. Bailey, milllenry: Great Northern. KANSAS CITY, Mo.?L. Baum, clothing; Broadway Central. KANSAS CITY. Mo.?.lone? Store; B. Lelb erman. draperie?; C. B. Austin, corset?; 23 En?t Twenty-sixth Street. KNOXV1LLB, Tenn.?Master? A Age? Co.; J. F. Masters, ready to wear; J?avarre. LIMA, Ohlo~M. J. Fedarman Co.; Mr. Federnian, notion?; 3f West Twenty sixth Street. LITTLB ROCK ? Ou? Blas? Co.; A. B. Sparling, reedy to wear; 1160 Broad? way; Baer A Llllenthal. LITTLE ROCK?Doyle-KIdd D. O. Co.; H. W. Clapham, men'? shirts, overall?, wom? en's roady to wear,* ?0 Worth Street; White A Pardeo. LITTLB ROCK, Ark.?Doyle, Kldd Dry Goods Co.; If. W. Clapham, coats, suits, furnishing goods; care 80 Worth Street. LOS ANGELES?A. Hamburger A Sons: J. A. Haherbnsch. baskets, rugs, upholstery, carpet?, furniture, pictures, electric lamp shades, wallpaper; A. Elliott, art station? ery, table favors, gift shop; 225 Fifth Avenue. LOS ANGELES ? Broadway Dept. Storo; C. D. Buch, lace? embroideries, trim? mings, veiling?; d. II. Bell, women's hosiery, women'? knit underwear, men's furnUhli.gs; L. R. Strong, draperies, cur? tains, shade?, floor coverings, 95 Madi? son Avenue. LYNN, Mass.?Goddard Bros.: J. F. Ood dard, representing; 432 Fourth Avenue, fourth floor. MILWAUKEE?Willing'?. Inc.; I. Willing, ready towear; 377 Fifth Avenue; Hart Flanagarr Co. MINNEAPOLIS. Minn.?Leader Mercantile Co.; If. M. Hlgglns. ready to wear; 404 Fourth Avenue; Jay Co. MONTGOMERY, Ala.?Naohman A Mer tief; Mrs. E. E. Pollan, ready to wear, furs; 352 Fourth Avenue. MUSKOGBE, Okla.--Calhoun Dry Ooods Co. ; A. J. Calhoun. general merchan? dise: 1150 Broadway; Baer * Llllenthal. ? NASHVILLE. Tenn. ??Ca stner-Knott Dry ? Goods Co.; Miss Winetroub, millinery; 23 East Twenty-sixth Street. ?NORFOLK, Va. ? Willls-Crall-Smlth Co.; W. F. Smith, carpets, furniture: York. NORWICH, Conn. ? KoatitiK-Tracy Co., | Inc.: M. W. Keating, general dry goods; Grand. OMAHA?M. B. Smith Co.: J. R. Mc Qullton, ready to wear; 200 Fifth Ave? nue, room 1212. | PADUCAH, Ky.? W. M. Rieko & Co. ; J. C. Rieke, ready to wear; floor cover? ings: 404 Fourth Avenue. j PAWTUCKET, R. 1.? Shartenberg & Rob j Inson: I). Campbell, upholstery; 404 Fourth Avenue, i PEOR?A, III.?M. J. Federman Co.; Mr. I Federman, ready to wear; Pennsylvania. ?PEOR?A, III?Peor?a Dry Goods Co.; ? ?'liarles E, Federm, coats, suits, dresses; 37 West Twenty-sixth Street; care Fcd , ertnan. PHILADELPHIA?Snyder. Harris A Co.; ! J. R. Harris, mfrs. clothing; Walllck. ; PHILADELPHIA?L. Leopold, millinery; Pennsylvania. : PHILADELPHIA?Herbert Kohn : Herbert Kohn, silks, Venetians; 33 West Thlrty ? fourth Street. j PHILADELPHIA?N. Snellenburg & Co.; I. W, Isaacs, men's, boys' furnishings; 1261 Broadway. PHILADELPHIA?M. Fuhrman, woolens; Aberdeen. PITTSBURGH?Parisian Cloak and Suit Co.; D. H. Siege! and H. Zlss, jobs coats, suits, dresses; 220 Fifth Avenue, room 910. PITTSBURGH? Boggs A Buhl: Miss K. C. Ludden, millinery; 1140 Broadway. PITTSBURGH -Lewln-Nelman Co.; Miss Lewis, summer furs; 1160 Broadway; Solomon. PITTSBURGH ?Rosenbaum Co.; Miss M. Polks, suits; 116 West Thirt.v-3econd Street; A, Fantl. PITTSBURGH?Kaufmannes Department Store; M. Lippman, silks; 12S1 Broad? way. PITTSBURGH?McCreery A Co.; L. S. Cohen, wash goods; I. Myers, ready to wear; R. C. Clark, millinery; 23 East Twenty-sixth Street. PITTSBURGH ?Perfection Co.; H. M. Dermstadter, hatters' supplies; Imperial. PITTSBURGH ? Keystone Cloak and Suit Co.; R. Levenson, cloaks, suits; 1161 Broadway. PITTSBURGH?J. D. Burnett, merchan? dise manager; 23 East Twenty-sixth Street. PITTSBURGH?F. Bruner, clothing, fur? nishing goods; Pennsylvania. PITTSBURGH?Rosenbaum Co.: L. A. Baer, merchandise manager; Mrs. Dlmond, misses' coats, suits, dresses, children's wear; Miss R. Greenberg, misses', Juniors' coats; Miss A. J. Troupe, jobs dresses; Miss R. Orastenfleld, misses' suits; S. M. Jacobs, basement merchandise manager; Miss M. O'Nell, basement coats, suits; Miss C. Abels, basement millinery; Miss M. Grasten? fleld (basement), waists, house dresses, children's dresses; 116 West Thirty second Street. PROVIDENCE?W. Schioss, millinery; Colilngwood. ROCHESTER?Slbley, Llndsey A Curr. ; H. A. Dutton, silks, velvets; 432 Fourth i Avenue. I SALEM, Mass.?Almy, Blgelow A Wa?h burn; W, Butler, ready to wear; 230 Fifth Avenue; Syn. Trdg. Co. .SALEM, Masa?W. G. Webber Co.; O. Whitman, millinery, toys; 404 Fourth Avenue. ; SALEM, Mass.?Almy, Blgelow A Wash burn; Mies O'Brien, knit underwear, cor? sets; 230 Fifth Avenue. SAN FRANCISCO?R. Welll A Co.; Miss L. Peiser. skirts, riding habits, house dresses: 15 East Twenty-sixth Street. SAN FRANCISCO?The Emporium; Miss M. Russell, dresses, skirts, riding habits; Mrs. M. Goessman, assistant; 225 Fifth Avenue; ASSOC Mdsg. Corp. SAN DIEGO?Marston Co.; Mrs. W. B. Short, waists, furs; 220 Fifth Avenue; Bresiin. ? SCRANTON, Pa.?Crawford A Co.; Harry Ginsberg, ready to wear, millinery; The Annex. SPOKANE, Wash.?Spokane D. G. Co.; H. D. Moore, white goods, linen?, oolored ootton good?; 440 Fourth Avenue. ST. LOUIS?Famous & Barr Co.; Mrs. M. W. Slgsbee, corset?; H. H. Rogers, Jobs silks, wash goods, woolens; 37 West Twenty-sixth Street; Sostman. ST. LOUIS?Addlson Cloak and Suit Co.; W. Seit .er, Jobs coats, suits, dresse?, waists; 220 Fifth Avenue, room 910. ST. LOUIS?Scruggs, Vandervoort A Bar? ney; Mise C. Faulkenhelmer, mourning goods; F. W. Caussman, dross goods, lin? ings; II. Nlehaus, china, glassware; 225 Fifth Avenue; AssoCi Mdsg. Corp. ST. LOUIS?Rice KUx D. G. Co.; Mr. Wolf, laces, neckwear, handkerchiefs; ..77 Broadway. ST. LOUIS?Oilen Waist Co.; L. Ollen, ready to wear; Pennsylvania. ST. LOUIS?Rice. Stlx Dry Goods Co.; T. A. Hermlgan, coats, suits, waists, furs; care of 377 Broadway. i ST. LOUIS?B. Nugent A Bro. Dry Goods Co.; M. L. Solomon, clothing; care 105 I Grand Street. ] ST. LOUIS?Msrmod, Jaccard A King Jew? elry Co. ; R. Nlesaus. cut glass; Penmiyl | vania. ! ST LOUIS?Rice, Stlx Dry Good? Co.; A. Btseman, knit goods; P. Truemann, ginghams; 8 77 Broadway. i ST. PAUL?-Hirsch Bros.; J. Neiger, Job? dresses; 882 Fifth Avenue; Oecar Abel. | ST PAUL?J. C. Greenberg A Co.; J. C | Greenberg, spring coats; 209 West Thirty - | fifth Street. I ST. PAL'Ij?G Somers A Co ; E. O. Whal ber?. notions; 395 Broadway. SYRACUSE?Glvens Majestic Coalk and Suit Co.; B. B. Given, cloaks, suits: Mis? Cohan, waist?, dresses, petticoat?, ?klrts, silk underwear; 37 West Twenrty-slxth i Street. 'TOLEDO?La Salle A Koch; S. G. Har wood. toys, sporting good?; 225 Fifth Avenue. TOLEDO?Stelrr, Hugo Cloak Co.; Miss E. Walcott. dresses; 404 Fourth Avenu?. ' TOLEDO?W. L. Mllner A Co. ; E. C. Camp I ner. ladles' coats, suits, dresses; 118 West Third-second Street; A. Fantl. ; TRENTON, N. J.?Yard Co. ; Mr. Cohen, ready to wear; care 1160 Broadway. ' UTICA, N. Y.? Doyle-Know.r Co.; W. E. Doyle, clothing, furnishings; Pennsyl? vania. I UTICA, N. Y.?F. A. flouthwlck Co.; A. B. Johnson, dry good?; Park Avenu?. i WACO, Tex.?Hanger Bros.; J. Haber, boy?' clothing; 19 Bast Twenty-fourth Street. I WASHINGTON?S. Kann Sons Co.; T. F. Finnin, tolet goods; Miss A. Hagan, cot? ton dresses; 432 Fourth Avenue. WASHINGTON?Woodward A Lothrop; B. C. Gatchet, men's furnishings; Miss E. Hart, misses* wear; Mrs. .1. C. N'ourse, stationery, jewelry, noveltle?; .1. A. Hob son, upholstery, curtain?; 834 Fourth Avenue. WASHINGTON"?F. R. JellelT, Inc.: Mrs. M. Goodman, coats, suits; Pennsylvania. WATERTOWN, N. Y. ?Frank A. Emp?ell A Co.; L. D. Welch, ready to wear; 116 West Thirty-second Street; A. Fantl. WILKES-BARRE. Pa.? Wlikes-Barre pry Goods Co.; Mis? M. V?n Why, infant?* year; 23 Bast Twenty-sixth Street. WILKBS-BARRB, Pa.?Hirsch A Sons; J. Hirsch, woman's garment?; Pennsylvania. WILMINGTON, Del.?R. Topkls* Sons; Mr. Achsan, ready to wear; 1270 Broadway; Stanley" Macrae. Buyers Coming CHICAGO?The Fair; H. A. Levy, base? ment ready to wear; 225 Fourth Avenue; Is expected March 24. WASHINGTON?Hecht Co.; M. Kadden. jobs ?Ilk. cotton hosiery; 116 West Thirtv-second Street; Welll A Hartman; Is expected March 24. I WASHINGTON?Woodward A Lothrop; C. L Baat, youth?', boys' wear; H. B. Huntsberry, men'? clothing; F. B. Mack, whit? good?, linen?, domestic?; J. L. Moau?. furniture, carpets, bedding; tfta. M. MoClure, girl?' wear; 834 Fourth AvukWl 1? up??*?? MaruJ. U. 750 Deep Sea Doekmen Quit; ! O'Connorj - United Fruit Co. Employees Demand Increa^ and | Permission to Unionize; | Harbor Situation Worse Food at Piers Spoiling Longshoremen and Road Heads End Parley; Re? ferred to Managers' Board j - The harbor situation resulting from i | the strike of 7,000 longshoremen I against the five coastwise lines of the part was aggravated yesterday, when ! 750 deep sea doekmen walked out on three piers of the United Fruit Com-, 1 pany. The action had no connection with i the coastwise controversy, but grew ; out of the demands of the deep sea ? longshoremen for more money for the checkers and permission to unionize them. The checkers now get $105 a month and want $160. The United Fruit Company always has maintained an open shop, and notices posted to that effect on the piers of the firm yester- ; day are said to have assisted in pre? cipitating the break. The men are said to have gone out in : violation of the orders of T. V. O'Con ! nor, president of the International j Longshoremen's Association, who in i structed on Saturday that no strikes be i called until his return from B?falo. Incoming Vessels Affecte J The walk-out affects incoming vessels of the company at Piers 15 and 16, on the East River, and outgoing ships on Pier 9, North River. At Pier 16, the ? steamer Calamares, which arrived dur I ing the morning from Jamaica and Cen I tral American ports, was tied up with ! 55.000 stems of bananas and a large j quantity of sugar, coffee and coconuts. Ralph Keating, freight agent, said I much of the food would spoil if not ? unloaded promptly. The loading of the steamer Carrillo at Pier 9 also was halted, making thirty-six vessels now tied up by strikes in the harbor. The reported dissolution of the union of masters, mates and pilots of Harbor No. 1, embracing the New York district, and the formation of a new local, to be affiliated through the National Associ? ation of Masters, Mates and Pilots of j America with the "Big Four" railroad I brotherhoods, was discredited yester j day by Captain William A. Maher, I business agent of tho Harbor No. 1. Union Declared Intact It had been said that, fearing to be j drawn into the present longshoremen's i strike, masters, mates and pilots em? ployed on railroad floating equipment | at this port had formed a union of their | own, were given a charter by John l H. Pruett, national president, and now ; were affiliated with the railroad broth ; erhoods. The new local is declared to I be known as Jersey City Local No. 3. ! The Harbor No. 1 union had 2,200 mem | bers, of which about 900 were employed i on railroad craft and the remainder on j independent vessels. "The formation of this new body out 1 of our union," said Captain Maher yes? terday, "is all news to me, and I don't believe it. It's an unheard of pro? cedure in organized labor circles for a national or international president to issue a charter to locals having for its purpose the destruction of other locals i in the national organization. It may be ! true that a dispensation or permission | has been granted a handful of dis ! gruntled members of our organization ; to form a union that will line up with the railroad brotherhoods, but Presi? dent Pruett would certainly not repre? sent the best interests of the workers by granting these discontents a char? ter, without first obtaining the sanction of the local they belong to. Negotiations Are Ended "As it is, only thirty-two pilots have dropped out of our union, and no engi? neers have left us. The so-called in? surgents are headed by James J. De laney, Michael McLain, brother of Tug Superintendent McLain of the Pennsyl? vania Railroad, and M. J. Harkins, Mc Lain's cousin. You can say that we are still intact and supported by the Ma? rine Workers' Affiliation." The negotiations that have been go? ing on between the unions and the railroad managers for an increase of about $85 a month for engineers, mas? ters, mates and pilots were concluded at a conference yesterday. The matter will now be referred to the General Railroad Managers' Association, who will make known their award in about ten days. Business Troubles Petitions in Bankruptcy HENRY DAVIDSON? Voluntary petition i hv Henry Davidson, carpenter and builder, ! ??? Irving Place, White Plains. Liabilities. $10,541; ass?ts, S?00. John J. Ackerman, 116 Main Street, White Plain?, i? attor- | n-v for th?> petitioner. HERMAN' JlRl'.N'ItR?Involuntary peti? tion against Herman Bruner. Jobber In woolen? and dress good?, 11 East Twenty ?econd Street, by Henry Benoit, B. SleeM and L. Cohn. Liabilities. $100.000; aaset?, $50.000. Shaine & Weinrib, 239 Broadway, ar? attorney? for the petitioning creditors. JOSEPH P. LEE?Voluntary petition by Joseph P. Lee. 4335 Park Avenu?, inspec- ? tor of export material?, member of firm of Joseph P. Lee & Co.. ?porting goods. Ill Nassau Street. Liabilities, 1827, no assets. Oibb? * Coughiin. 18 Broad Street, ?re attorney? for the petitioner. CHARLES MAN'Z ? Voluntary petition' by i.'harles Manz, Clerk. 4 Manhattan Av nu?. Liabilities, ?15,408; no ?.?seta. Will? iam L. Bkinton. 38 Pari: Row. is attorney for the petitioner. Petition? In bankruptcy filed in the ; Federal District Court were as follows WA8SERMAN * KRO.VENBLATT, IN?'. ?Involuntary petition against Washerman & Kronenblatt. Inc., manufacturer? of ladles' coata and suit?, 108 We?t Eighteenth Htreet. Liabilities are in excess of $500; ?Beet? not stated. Archibald Palmer, 320 Broadway, in attorney for the petitioning creditors. J. MENI.ST CO.. INC.?Involuntary peti? tion against J. Meni?t Co., Inc., dealers I In canned good?. 105 Hudson Street. Lia- ; bllltle?, $100,000; asset?. $50,000. Acme , Strapping Co., Leo J. Abt and Mllbank & ' Malloy. Inc.. In their petition cisim pref ! erentlal payment? were made. Edward j Fillmore, 346 Broadway, Is attorney for the petitioning creditor?. ROSARIO LA SCALA?Voluntary peti? tion by Rosario La Scala, baker, 349 East ? 306th Street. Liabilities. $1,523. no aaseta, ; .1. Clifford McChrlatie, Woolworth Build? ing, la attorney for the petitioner. Receivers in Bankruptcy J MENIST COMPANT, INC.? Judge Hand appointed Edward H. Child? receiver for J. Merest Company. Inc.. dealers In canned good?, 105 Hudson Street, under a | bond of 115,000; liabilities. $560,000, ?e ; cured; 8100.000, un*ecured, a?set?, 8?0O.OOO. MACMANU8 CORPORATION?J u d g e ; Hand appointed Arthur F. "Qotthold re? ceiver for the Macmanu? Corporation, I manufacturer?. > Wilt Forty-?eventh I Street, under a bond of $6,000. Liabili? ties and asset? not stated. Receiver? In bankruptcy appointed yes? terday In the United States District Court : were as follow?: MAISON BERNARD IMPORTING CO.? ; Judge Learned Hand appointed Bertha : Rembaugh receiver for the Maison B*r? ; nard Importing Co., millinery and gown?. : 724 Fifth Avenue, under a bond of $7,000. WASHERMAN ft KRONENBLATT. INC. ? ?Manufacturing cloak? ami suit?, 108 West Eighteenth Street, yesterday assigned for the benefit of creditors to Arthur C. ritnlth. The company was Incorporated ta im. with a, capital, atoak o? U,0Q?\ Defy Bay State High Court Uphold? the Open Shop BOSTON, March 22.- The open shop was upheld by the full bench of tfc? Supreme Court to-dav when it ordered a permanent injunction to issu .against photo-engrravers* local and interna? tional unions restraining them from interfering with the business of Wright & Co. and the Folsom Engrav? ing Company. Refusal of the com? panies to comply with a union demand to conduct their shops on a c?o. ed baria had resulted in a strike declaration. ??-a-*- i Crew Is Chosen for R-38 Thirty enlisted men in the navy have been chosen for the c^ew of th? United States naval dirigible R-38, building in England, and they have been sent to the Rockaway N'aval Air Station to study in the dirigible school there. They soon will be sent to Eng? land under Lieutenant A. R Houghtoti to enter the English Rigid Dirigibl? School, preparatory to navigating tho R-38 across the Atlantic. The command of the R-33, which is a sister ship of the famous R-34, prob? ably will be given to Commander Louis H. Maxtield, formerly in charge of lighter-than-air navigation at Wash? ington, who is now in England. Superior Steel Placed On 86 Dividend Basis Directors of the Superior Steel Cor? poration have increased the regular quarterly common dividend from 75 cents a share to Sl.-r>0 a share, payable May 1 to stockholders of record April 15. Regrular quarterly dividends of 2 per cent on the first and second pre? 'arred shocks were also declared, both payable May 16 to stockholders of reC? ord May 1. SURROGATES' NOTICES MAHONEY. DENIS M.-THB PEori B of the. star* er New York. By the Ura' ?? of Gort. Pre? and Independent To Mary B. Lockyer. .lu'f . Agnes Ma honey, William M. honey. Charlea !. Mahoney, Julian .1. n:;:ott. David Elliott, "Agnes" Mahoney, the name "Agnes" bi ?? ? tttl lus, the true first name being unknown. If '.'.vine. and. If dead, her heirs and next o? kin. ?John" Mahoney. the name "John" being: dctltlous, the true first name being unknown. 11 liv? ing, and, if dead, hi? heir? and next of kin; the heirs and next of km ?; Den i M. Mahonev, decaased, SEND GREETING WHEREAS, Mary E. Lockyer, who re? sida? at 4*' \V>?t Avenue. Norwalk, Ccn nectlout, has lately applied I > >ur Fur regates" Court <>f our County of New Vork to have a. certain Instrument In writ? ing, relating to tmi!: real an! personal property, duly proved a? the la-* will and testament of Lema M. Mahoney, who ?as a; the time of Me death a resident ui' tha County . ' New YorK. deceased; THEREFORE, You and eacl ' you am rited to show cause before the Surrogat .' Court of our County ol New 5 ..?:* at the Hall of Records, In the County of New York, on the 7th day *.' .*. ; rl no tl ?and nine hundred an.i twenty, at half past ten o'clock In the forenoon o? that day. why the said wiil u:i . testament . hould not be admitted to probate as a will of real and personal property. IN TESTIMONY WHEREOF we have caused the seal of the Surrogates' Court of th? said County of New Sork to be hereunto affixed. WITNESS. [L. 3.] Honorable John p. Cohalan, a Surrogate of our Bald County of New York, at said Cnuraj, the 25th day of February, in the )tar of our Lord one thousand nine hundr i ar..! twenty. DANIEL .I DOWDNET, Clerk of the . urregatea* Court. IN Pl'RSI'ANCE OF AN ORDER OJP Honorai.:- John P. Cohalan, .. Surrogat? of tr.c. County Of New Vor,-., notice la nereby given to ail persona having ciaims against Cornelia S wiLlaina, ?at* of to* County of New York, deceased, to present the same with vouchers thereof to the subscriber, at its place of transacting busi? ness. No. 177 Montague Strei t. Uoruugb #t Brooklyn. In the City o? New York, on or before the 3d day of May next. Dated, Nev lork, tho 27th day of Octo? ber, 1?19. BROOKLYN TRUST COMPANY. JCxacutar. STILL, GEORGE E.?In pursuance ot an order of Hen John P. Cohalan. a Surro : gate of the County of New i *>rk. notice is ; nereby given to all persons having claims against George E. Still, late ot the County of New York, deceased, to present the same, with vouchers thereof, to the i nlted Stais Mortgage ? Trust Company, one of the sub? scribers, at Its place of transacting: lupi? nes?. No. 65 Cedar street. Borough of Man? hattan, in the City of New York, on ot before the 21st day of June next. Dated, New York, the 13th day of Decem? ber. iai?. LILLIAN 1IAV STILL. UNITED STATES MORTGAGE m TRL'Sr COMPANY, VICTOR C. CORMIER, Attorney for Lillian May Still, Executrix. ? Rector Street, New York Cltv. PATTERSON, GREENOUGH, EAGLE A 1 DAY, Attorneys for United States Mort? gage & Trust Company, Executor, lit Broadway, New York City. i IN PURSUANCE OF AN ORDER of Honor able JOHN* P COHALAN a Surrogate of the County of New York, NOTICE is hereby given to all persons having claims against MARGARETHA M. FUSER, ?ate of th? County of New York, deceased, to present the same with vouchers thereof to the sub? scriber, at the ofiice or Robert E Moffett, No. .94 Broadway Borough of Brooklyn, in th? City o? New York, on or before tho lit* Jay of Jun ? t. /tt. FREDERICK WEISBROD, JR.. Administrator. C. T. A. Dated, New York, the 12th day of Decem? ber, 1919 ROBERT E MOFFETT, Attorney for Ad? ministrator C. T. A.. S94 Broadway, Brooklyn. N. Y. IN PURSUANCE OF AN ORDER OF Honorable John P. Cohalan, a Surrogat? of th? County of New York, nothe is here? by given to all persons having claim? against Edith Evelyn Hanau, late of the County of New York, deceased, to present the samo with vouchers thereof to the subscriber, at place of transacting business, Leo F. F'arrell. No. 1073 Fifth Ave, )n the City of New York, on or before the 16tl? day of September nfcxt. Dated. New York, the 9th day of February. 1920. JOHN H. r-TANAN, LEo F. FARRELL. FRANCIS I. V., CANNA, Executor?. STORAGE NOTICES WAREHOUSE SALE OF GOODS FOR UNPAID CHARGES IN ACCORDANCE WITH THE PROVISION Of law, there being due and unpaid charge? for which the undersigned Hartmann'? Knickerbocker Storage Warehouse Co. (in? corporated) la entitled to a lien as ware? houseman on the goods hereinafter described. and due notice having teen given to all parties known to elalm an im.-re.t therein, and the time specified in such notice for pay? ment of ?..ich charges having expired, there will be sold tit public auction at our Ware? house. 6-8-10 FIRST ST.. NEW YORK CITY ON FRIDAY. APRIL 9TH, 1920,, AT 10:3? A. M.. and continuing on each and every Fri? day thereafter, beginning at the .??>?<? hour, until all goods are sold, to ivlt li ; furniture, consisting of parlor suits, u i room suit*, .?irtir-g room rarjr fur? niture, piano*, vlctrolas, ?word?, snlt <?.-.?? musical Instrument! ?? - :?:-.*. trunk.. boxes, barrels, suit case*- contenu ? ine of clothing, linen, books ; iper?, station? ery, picture-- brio-a brae , bine and glass? ware, silverware, i.e.! ling ?raparte? and ma terlals, and '.trier personal effects held foi the account of the following parties con? cernai!; MRS. A. I. Pc-;.LOCK. A NARICI II BEROKR. BENJAMIN LEVINE. PHlLtf BACHS, EDNA -'AltR. John CLANCY. MR CCLLEN, TILLIE ZIMMER, JOSEFINA RCEGA, JOSEPHINE RUGER. SAM SOLO? MON", CAPTAIN JACK DALTON. Offloe furniture, safes, paper pa-ksge? dh taphone?, typewriters held for th? account? of the following: MISS ?) ft GARLAND M. W. NIVEN. J 11 CRABTREE, INT Bit NATIONAL COAL CORPORATION. TRO! HONDURAS ?'O. W. It. OOLD?N, A?** SIGNEE; I.Eon sommer. William POT? TEP. DAVIS, JR., R W. JOHNSON. Also goods mentioned/- held for the account of the following: HERMAN J. LEWIS, 3 barrel? and con? tent?. S. ? E. TOBACCO CO., * cases and I cas. tobacco. PHILIP GASTMAN. 7 cases and eonteota THEODORE MILLER * THOMAS Mc > RAN, NATIONAL SURETY CO . UN'GEHEl a. CO.. 43 carboys ?aid to contain ben.. chloride. Also machinery held for the account t>< the following: BENJAMIN HORN. S. ALEXANDER MAX RUBIN. TOTEM MANUFACTURE CO. All the above good, being now stored \; said Hartmann'. Knickerbocker Siorag i Warehouse Co Warehouse?, "i*h i goo.'? wt; ; he on exhibition at the time SI. . i t ??? a ? sale, and on each day of ..*?; j Hartmann's Knickerbocker Storage Warehouse Co., Incorporated. I [ M-14 FlRo? a%%, M, \% ? JM