New-York tribune. [volume], March 25, 1920, Page 17, Image 17

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

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Cotton Slumps
As Profit Taking
Sales Hit Market
Collapse in March Contracts
Untettlcs the Whole List
and Loss of 2B0 Points
Is Sustained
The price of March contract?, which
Tuesday established a new high
receta f?r f"tures ** t*10 ^T?w York
Cotton Exchanse, yesterday slumped
sharpiy* At one time it was selling
?,38 pointa below tne previous day's
hit?, and closed at a net decline of
"jo point*. The collapse in March,
which followed the squeeze of the re?
tracing shorts, had the effect of
weakening the rest of the list, which
showed le-isos for the day varying
from 77 to 110 points.
As a result of the weakened techni?
cal position, which resulted from the
covering of the shorts, tho market at
{O peak was unable to absorb heavy
Ceuthem realizing sales without react?
ing strongly. The high prices of
Tuesday also had the effect of curtail?
ing domestic and export purchases for
legitimate trade needs.
As the spot position eased off with?
out finding any real support, pressure
became active along all the list, and
was encouraged by cables disappoint?
ing to the bulls, a favorable weather
nap and tho weakness on tho Stock
Exchange. In March contracts there
wore only a few scattering sales. Open?
ing prices were '2">5 points lower on
March, with other months 17 points
lower to 8 points higher. Offering?
increased, tarened off on a break of
47 to 60 points, and then became
heavier after a midday rallv of 20
or 25 points, with the market still
nervous and unsettled later in the
afternoon. Liverpool reported re?
ceipt of advices from Rouba'x. France,
stating that a general strike had been
threatened for March 26 should there
be no settlement of the textile labor
dispute in the mean time. Southern
spot markets as officially reported
were unchanged to 25 points lower,
with a small amount of business.
Private advices received here late in
the afternoon said that holders were
withdrawing offerings on the decline.
The local spot market was quiet and
125 points lower at 42 cents for mid?
dling. No sales were reported.
The range o? prices follow?:
Tuesday's
Open. High Low. Close. Close.
>r?r... 41.40 41.40 ."3.SO 40.00<S ?? 42;80
liav... $8.50 3? 55 T.7.70 37.70 ?i "7.7-1 38 70
Jul'v... 35.S0 35 8S 35.01 35.75 .
Oct_ ?2.40 32.45 31 77. 31.75@31.77 32.50
Dec_ 31.60 81.60 31 B.1.90? - 31.72
.Ian_ 81.06 31.05 30.33 S0.22@30.25 31.00
Feb_ 20.90 SO.90 00.U0 30.00?-So..*.::
Southern spot markets ? Galveston.
quiet, ?fl poinis lower, at 4-.7.".c: sales, : 0
bale?. New Orleans, steady, unchanged, at
40.'be: ?ales. 2,391 bales. Mobile, nominal,
00 points lower, at 39.50c; sales : :
vannah. quiet, unchanged, at 40.75c: sales.
nil. Charleston, stady, unchanged, at 40c;
?alea. nil. Baltimore, nominal, unchanged,
at 41.50c; sali--., nil Augusta, steady, '-??
points iower.tat 40<*: sales, 1,881 bales
Jlfmi-h.n steady, unchanged, ; ? . ????
salee, 1,000 baies. St. Louis, Bteady,
points lower, at 40.60' . sales, nil. Houston,
qui-'. 25 points lower, at ?i.e.. sales, 60
bales. Little Rock, steady, 25 points
lower, Ht 40.75c; sales, 4<u bales.
Cotton Statistics
y ester- Las) Last
day. 'week. yc ai.
Exports. 17,400 31,41 6
Port receipts. . . 19,619 28,152 18,364
Exports season.4,906,365 4,745,875 3,!
N. V. stocks_ 49,061 51 222 - :
Port stocks ... 1,284,761 1,324.710 1,308,106
Int. receipts ... 12,000 12,767 12,869
Int. shipments. 13,. : ,850 12,196
N.T. arrivals... 175 4,962 780
Liverpool Cables?Spot cotton dull at :;i
points decline; middling, 2S.66d. Sales 4,
000, Including 3.000 American. Imports
13.000, Including -:7,0?0 American. Futures
opened quiet at 16 to 23 points decline.
Clos..,] quirt at a net decline of 20 to .14
poir.t?. March, 26,55d; May, -.'>.46,1; July,
n.(3d; October, 22 7Sd . 1 ?? ci n b I . 21.SU I.
Manchester: Yarns fin-.v.- cloth.-" quiet.
~~: FINANCIAL MEETINGS
CHHAtiO AM) NORTH WESTERN
RAILWAY COMPANY.
NOTIfL" UF SPECIAL AND ANNUAL
M KEYING.
Notice Is hereby g.ven that a special
neer.iie; of the stockholders ot the Oll?
as.. ...I V^^il, n'AB?r.i',< r*o,l^"fiV. Of.Mni "V
?to and North Western Railway Company,
duly railed by its Board of Directors, and
thf annual meeting of said stockholders
Will be held at the G< neval Offices of tfc?
Company, at No. 226 West Jackson Boule?
vard, in t-.e City of Chicago, Illinois, on
Tuesday the 13th day of April, 1920, at
II o'clock A. M.._for the purpose of con
udering and deciding; (1) Whether the
?tockhold. rs of the Companv will concur
In and authorize the creation of a bonded
Indebtedness, by the ?sen-, ut such lime?
and In such amounts as from time to lims
Its Boar'l of Direr-tors or Executive Com?
mittee may ;ie ?rmine, cf bonds, payable
in told col-*, of the United States of Amer?
ica ot or equal to the present standard of
weigh! ar.i] fineness, an? ?united so that
the amouM thereof at any one time < ut
?tandlng. together with all outstanding
prior oebt or the Railway Company, after
deducting therefrom tht* amount of all
fcond? reserved to retire prior debt at or
before matun'v, shall never exceed thre?
times the outstanding capital stock of th?
Company. r of a successor corporation,
fcaiurl.ig May 1, A. D. 2037, and bearing
?rate ot Interest, not exceeding the lawful
rate, to be determined by the Board of
Directors or Executive Committee at th?
time of issue, payable scml-annually; and
the execution and delivery by the Com?
pany of a First and Refunding Gold Bond
Mortgage t.. "lrime.es to be designated by
the 3oa.-ri of Directors, dated May 1, 131:9.
conveying In nest ?be corporate property
??d franchises described therein, to secure
the payment of a?; tuen bonus which are
tobe Issued for the purpose or pur? hasing,
redeeming or refunding, before, at or after
niatur?y, the outstanding obligations ot
?he Company, ar.i of other companies
?hose properi.. ? no? are or hereaftei shall
kj owned or acquired by the Chicago and
North Western Hallway Company by con?
vocation, purchase or otherwise; for th?
purpos?. of the f*ture enlargement, im*
prov-ment, extension and equipment ol
the proper'iee of tne Company and of such
ether companies; for the construction,
purchase or acquisition of other r?il
*?>'? and property, or for t?e purpose of
reimbursing the Company for money?
*nich at any time may be or may have
?en expended for any of the purpose?
?toreea.d; and will approve such mort
t?g* in the form to be submitted at ?aid
meeting, and will ratify the action of it?
?oard of Dire, tor? authorizinc the trea?
son ut such md-btediiess. and the execu?
tion of ?uch mortgage; and (2) Whether
me Stockholders of the Company will au
Jtt?nze (he pun ?ase of all thu property,
??eluding, au franchises, rights. Privileg??
?hfl Immunities pertaining thereto and all
?Jpurlrnances thereof whatsoever, of cae?
?? the following named proprietary
wmpaoles:
Wolf Rh,r valley Railway Company,
?elle Fourche Valley Railway Company.
J?tr.e? Klver Valley and North Western
??liway Company.
?**^0UPtn county Extension Railway
Iy*a ?Southern Railway Company,
Sr?i?w?.rl Valiey ?nd Blair Railway and
Brjfl?s Company.
Ceni'p0mlDS and Northwestern Railway
Il?!?i?.r.re,^R*'>,d City *"d North-Western
???Way Company,
Compae.antl Fort Plerre Brld?'e Railway
r6lh* Do p"?. Ladd and Eastern Railroad
company, and
I? ??Jiibftn>' r*a!I Roacl Bridge Company,
?f ?Vo. Pr,ulon ot the pavm.ent to each
,?r*fl companies of th?'?tiin of one dollar
111 ,kJ _, ??sumption by this Company ot
??eh ? ' '?abilities and obligations of
la? ?or ?*id combantes; and will ratify
thon,!" ?' "s l*l>?-rd of Directora au
Ud ?nt.,such Purchases upon such term?
Th ? citions.
*? th. ilh?r Purpose of said meeting will
?ttlnn ,? ,loa of Directors and the trans
iilou . ,",ach olh*r business as may com?
??'* ??Id meeting
Wreh'vV" *?0?1<* will be closed on Frld
??th.. ' J920> ?' th" ?-lose of busln
ay,
he??
?? th.. * i9-0' ?t the close of buslne??
fedn?i?. *y ?nd wil1 be reopened oa
?y. April 14. 1920
?1 "'? APrU 14. 1920.
r>i,?Id,<:ri<,f the Board of Director?.
n*Tth,'?*f0* R>*"?oi?. January 21. 111!.
JORv V,U?LM H FINLET. President.
^[f^D^C^LDWELL. Secretary.
^*0>?t? MAC?UNF.RT AND SUPPLY
Nrvr??? fOMI'ANY.
JfOTiT-'-i? OK ANNUAL MBBTINO.
?l??ttn. ?, '? l","-'^'.v given that ?n annual
^?ch ?L he li,t" Uholdera ?f the Strong
^Id V. iu*''d H"PP'y Companv will be
8 Walk.! ?. ?mc" of ,hn Company. No.
?^irh nrl?'-''J" thft Cl,y of New Vorlt'
"Ma?^. "'.Manhattan, on the 31st day
"?? ?i?in?L e,e<tlnS "vo (5) Directors for
fci'-tlon f y,,,,r and ,wo ,-> Inspecter? of
"??etin? .11m "L*rve al 'he next annual
nl??r hnJt or ,he '"msaction of such
!ir? mm JH8".,*" '"?y noperly come be
Pmi ,mtetlnK.
M * ?nri a" y*"1*"? ?P*n between the hour?
?hit?la ^?* wlM 09 closed from
??**Ud ?.- v0,,to AP'U i?*- "SO.
^^ Lo7?,??j;k' March "'h. 1820.
Business News
?>ANKERS stated yesterday there was no prospect of an immediate easing
S-* of the commercial paper rate, which continues at 7 por cent for the bettor
names. The demand for funds for business purposes shows no abatement.
The market for bankers' acceptances was more active, with rates unchanged.
j COTTONS?Future Buying
\in Print Cloths increasing
During the last few days cotton
j Roods brokers have reported an in?
i creasing number of sales of gray or
unfinished print cloths to printers and
j converters for delivery as late as Sep
j tember. One large order went through
j yesterday for 68-72, a fine construction,
! at. 25 cents a yard for July, August
and September delivery. Spot prices
on this construction are held at 26
! cents. 11 was ?said in the market that
I only a few more of these goods could be
I obtained for late delivery. Until this
week future buying had been light.
! Brokers assert, that some of the future,
i buying is being done by speculative
j interests. Several large'converters and
; printers said yesterday that the rise
; in pray goods prices and the resump
? tion of activity in the market had not
i led them to change their conservative
| policies adopted some weeks ago.
A considerable quantity of the stand?
ard fi4-60 print cloths for spot and
I April-May delivery was bought yester
I day at. 24 cents a yard, the high price
j prevailing for spots last week.
Converters catering to the garment.
j manufacturing trades said yesterday
i thai their customers are still holding
! otf purchasing. The men's wear
trades, they asserted, bought heavily
some months ago and are now using
up tin? poods as fast as they are de?
livered. The women's wear trade,
, however, according to the sellers, has
not purchased in anything like normal
? quantities. Opinions regarding the
i amount of business still to be done in
this field vary greatly.
! SILKS?Stronger Demand
For Goods for immediate Use
Mill agents and large jobbers who
, have good quality silks on hand for
< immediate delivery report an increas?
ing number of sales to retailers. Within
the lust week the retail business in
silks has taken a spurt throughout
the North and East, and retailers in
those sections are now buying goods
to lili the present demand. The spring
business that retailers are getting now,
however, has not stimulated them into
? buying heavily for future use. Even
strictly Stimmer goods* have not been
taken in large quantity by the retail
: ers. according to selling agents.
Present retail demand is centered
largely on taffetas in brown and navy
: and satin-faced goods in lighter shades.
The use of brown as a spring color is
a new ileparture in the silk trade, and
\ has caused some holders of goods to
redye their lighter shades info brown.
The principal shades being called for
ii?. the satin-faced goods are Adriatic
blue, jade, coral, orchid and peach
j bloom. One of the strongest sellers is
: a satin-faced crepe in these colors.
Silk departments in local retail
stares yesterday enjoyed a large busi?
ness. Managers of these departments
without exception reported that sales
j double those of any day last week.
I Complaints against high prices arc reg?
istered by customers, but they con?
tinue to buy the better class and more
expensive goods, say the retailers.
JEWELRY?Large Diamond
imports Reported in January
Figures just made public show that
local importers received diamonds
valued at $8,094,130 during January.
The value of cut stones was $7,277,834,
an unusual figure, while the value of
the uncut or rough diamonds was $816.
-00. Local iinporters assert that if this
is any criterion of what the year is
? going to develop for the jewelry trade
j the greatest diamond year in the his
? tory* of the industry can be expected.
Amsterdam led in exporting pre
' cious stones to this country, the impor
| tation from the Netherlands being
1 placed at $5,581,437. while Antwerp be
, gins to show up again as a factor, stand
| ing next to .Amsterdam, with exports
of $762,564. France is third, with ex
? ports of S613.952. and England fourth,
with $307,575. In addition to these
large amounts American merchants re?
ceived $8,127 from British South Africa,
82,112 from Switzerland, $1,112 from
I British Guiana and $955 from Germany.
The discrepancy between the figures
; of the Dutch and Belgian exports may
| not show exacUy the proportion of
I goods which came from Amsterdam and
| Antwerp, because it is reported that
many stones that have been originally
I cut in Antwerp have been sent to Am
j sterdajn and shipped from Holland ow
j ing to the advantage that was to be
gained by the difference in the rate of
. exchange. But even without these
j shipments Antwerp during January
made the best showing that it has
"FINANCIAL MEETINGS
NORFOLK & WESTERN RAILWAY CO.
The Annual Meeting of thi? Stockholders
of the Norfolk and Western Railway Com?
pany will be held at tho principal office
of the Company In the City of Roanoke,
Virginia, on Thursday, the Rth day of
April, 1920, at 10 o'clock A. M., to elect
Directors, to elect Independent auditors
to audit tho books and accounts of the
Company for the fiscal yenr, to consider
the annual report of the Directors for the
year ended December "1st. 1919, to ratify
and approve all action of the Directors
set forth In such annual report and In tho
minutes of the Company and to transact
such other business as may properly come
before the meeting.
The Si nek Transfer Books will bo closed
at .", o'clock 1*. M., Monday, March -2nd,
1*130, and reopened at 10 o'clock A. M.,
Friday, April 9th, 1020.
By order of the Board of Directors,
E3, II. ALDEN, Secretary.
STRONG MACHINERY AND SUPPLY
COMPANY.
NOTICE TO STOCKHOLDERS OP SPE?
CIAL MEETING.
A Special meeting of. the stockholders of
the Strong Machinery und Supply Cumpany
will be held on the :.:st day of March, '1920,
at "J : 15 o'clock IV M . ai the office of mich
Company at Number 21 Walker Street. Bor
ough of Manhattan, City of New York, for
Ihe purpose if voting upon a proposlilon to
lia .'??ase its capital stock from $60,000.00.
consisting of 500 shares of Common ?lock of
the par \aluo of $100.00 ea?h and .1,000
shares of preferred stock of the par value
of *>ly.00 each to $75,000.00 to consist of
500 shares of Common stock of the par
value of $100.00 and 2.500 shares of pre?
ferred sioek of the par vuiue of $10.00 each.
Dated, New York, March 10. 1920.
CHAS. E. ?STRONt*,, President.
LOUIS C. KlSEIrff.A. Secretary.
3?5 IIIDSON STREET CORPORATION.
Notice Is hereby given that the Annual
Meeting of the ?stockholders of 395 Hudson
Street Corporation will be held at the prin?
cipal office of the company, No. "195 Broad?
way, Borough of Manhattan, New York City.
on the 1st day of April, 1920. at 11 o'clock
a. in . for tho purpose of electing directors
a ml inspectors of election and for the tr?ns?
ala ?on of such other business as may prop
?erly come before liie meeting.
' Dated. New York. March 1?. 1920.
G. C. PRATT, Secretary.
DIVIDEND NOTICES
STEEL & TUBE COMPANY OF AMERICA
The Board of Directora haa declared the
r??nular Quarterly dividend of 114% on the
7% Cumulative Preferred Stock of tho
Company, payable April 1, 1920, to the
stockholders of record at tho close of bual
neaa March 20, 1920. The transfer book?
will remain closed until 12 o'clock; noon,
April 2, 1920.
A. A. SCHLESINGER.
President and Treasurer.
?XNACONDA COPPER MINING CO.
42 Broadway, New York, Matan 38, I9?0.
The Hoard of Direct is of the Anaconda
Cooper Mining Company has declared a
(.ivid<?n<! of <'no Dollar ($100) per share
upon Its Capital Stock of tho par value of
$50 per share, payable ?in May 24th. 19?0.
to holders of such shares of record at tho
close of business at 12 o'clock Noon on
Saturday. April 17th. 1920.
Tho dividend Is payable only upon the
$00 aharea. into which tho Capital 8tock
1? now divided.
AU stockholders who have not convert??
their holdlngB into ?hares of $60 par valu?
should do ao without delay in order that
they may receive their dividend promptly.
A. H. MK__IN. 3oox.ta.ry.
mad?? for some timo In our import
statistics.
Of the rough diamonds imported, as
usual, the bulk cumc from England,
which is credited with shipments of
$696.500. Other shipments included
? $88,385 from British Guiana and $30,
j 016 from Belgium. No rough diamonds
were received from British South Af?
rica during the month.
FURS?-Smaller
Advances to Auction Shippers
In the latest fur market, report
issued, by K?nsten Bros. & Go., con?
ducting the fur auctions in St. Louis,
announcement is made that advances
to shippers "when necessary will he
made, but on a lower basis than for?
merly." In the past, according to
shippers to the St. Louis sule, the
company has advanced as much as 100
per cent of the value of the furs, based
on the current market.
"The large cash requirements of the
trade." says the report, "to meet
prompt day and income tax payments
unav_ caused a tightness of money
which has had a tendency to curtail
dealers' business. Nevertheless, skins
have been selling freely, especially
those required for spring wear, this
class of goods now mqving at advanced
prices over the Fchruary sale.
"The. trade is conforming with the
new banking requirements and is
rapidly adapting itself to the. new
financing. This is very plainly indi?
cated by recent transactions of sub?
stantial volume that hayc taken place
between the dealers, wholesalers and
retailers.
"The favorable foreign exchange
during the last few weeks has caused
European buyers to place large orders
in our market, and, with manufacturers'
and retailers' requirements taken from
tho market, will greatly reduce the
present stocks and most likely show
the supply in some furs will not he
sufficient to meet the demands of the
trade.
"Fashion and the long winter have
reduced retail stocks below what is
usually carried at this time, and the
demand of the consuming public indi?
cates that spring and summer furs will
be more fashionable than ever. Manu?
facturers are now in the market pur?
chasing their requirements in fair
volume, and report their spring lines
are meeting with favor and have taken
large orders for future delivery."
Commodities
Cereals
Wheat ? English buyers were again in
the local market far wheat and prices
were bid up to a basis of $2.72 for No.
2 hard e. i. f. track ?New York. Offers,
however, were again limited and the
volume of business was small. Holders
were apparently not inclined to sell and
it was evident that the unfavorable pros?
pects for the. new crop are having some
influence, while transportation again
figured prominently as a market factor.
The interior markets failed ta show the
sanie strength an cxperieneeed on the
seaboard, however, ami prices in Min?
neapolis weere unchanged for the day,
while Kansas City was unchanged to 4
cents net lower. "The Price Current" said
that it Is too early to estimate the growth
or abandoned acreage of the new crop,
but that reports indicate that the surplus
winter wheat states will start off with an
average condition of not better than 75
per cent and1 the abandoned acreage will
average about 15 per cent. Weather con?
ditions were somewhat more favorable for
tho new crop, as rains were reported in
portions of the Southwest where moisture
was badly needed.
Corn-?The market whs feverish through
out the day. with rapid fluctu?t inns over
a range of about 3 cents per bush. 1. At
times the undertone was weak under
liquidation, but on the breaks shorts were
good buyers and final quotations allowed
net gains for tho ?lay of \ to 1 cent.
Contint id agitation in ?'hlcapo over the
question of Federal Investigations and in
tlmatlons that the Federal [toaervc Board
will probably resume its effi^s to curtail
speculation liad a dtsturblnR3wnflueiiro on
I the market although continu*-- small re?
ceipts had a tendency t" dlscourago a?;
gressivo operations on tin? selling sal".
The East again resold a considerable
quantity of corn in the West mal .n some
quarters there was a disposition to take a
more bearish view of the situation on the
theory that the recent sharp advance in
i values had discounted the bullish factors
and had left the market In a more bearish
technical position.
Yesterday's Previous Y??ar
N?-y,-York: < '.<?m? close ago
Corn, No. 2 yellow.$l.S2l_ $1.81 V. $LTS
Chicago:
; May . l.?fivs 1.5;,% l. 4 n "i !
? July . 1.51 i.50>* 1.::- ?* !
Oats?The market was dominated largely j
?by the action of corn, although at Unas!
; prices showed individual strength, and j
i closing quotations were only slightly below i
the highest, with net gains of '? to ", c. ;
Offers were limited and well taken and
receipts .were of moderate proportions.
Yesterday's Previous ?fear j
New York: close close ago
No. 2 wh. $1.07?1.07 V. $1.07@1.07">_ $0.77
Chicago;
May. .87*4, ,86V. ?65%
July. .79-*-. .70 'a .<lb\,
Rye??Market firm.
Yesterday's Previous Year
New, York: close close ago
No. 3 WeHt.$1.97 $1.96 V4 $1.82
Flour and Meal?Quotations were:
Yesterday's Previous Yeaf
New York: close close ago
Minn, patent $13.00* $12.75 $11.75
Cornmeal... 4.05i/>4.1 5 4.05@4.15 4.00@4.20
Rye Hour .. 9.00@9.50 9.00@9.50 9.00?9.50 I
Bran. 68.00 55.110 48.110
Cottonseed Oil
The market was under pressure during
the greater part of the day arel a! the
close tho active positions were .'i.S to 4?
points net lower. The action of lard and
cotton had a tendency ti? undermine con?
fidence and cash handlers reported a very
slow demand. In some quarters there was
a disposition to anticipate large deliveries
on May contracts, owing to the poor cash
outlet and the fact that holders will not
be disposed to carry their oil in storage
through the hot weather. Total sales for
the day were 1G.100 barrels.
The ranere of prices follows:
Tuesday's
Open. High. Low. Close. close.
Spot....-?? 19.00(2 19.70 19.50
March.-19.00W 1 9.70 19.50
May... 20M0 20.10 19.9S I 9.90 ??jp I 9.9ti 20.28
July... 20.4? '?0.-a 20.22 20.23@20.25 20.til
diyFdend notices
ARIZONA SILVER
MINES CO.
DIVIDEND NOTICE
A monthly dividend of 3 per
; cent will be mailed April 15 to
i 20, 1920, to stockholders of
record April 1, 1920.
! ARIZONA SILVER MINES CO.
EDW. S. V..N DYCK. President
"new y?rk~
title & mortgage co.
135 Broadway, New York.
A quarterly dividend of two per cent.
(21*?)' on the capital stock of the Company
has been declared, payable April 1, 1920.
to stockholders of record at the close of
business.on March 22, 1920.
Dated, New York. March 16, 1920.
GERHARD Kt'EIINE, Secretary.
MAYS FOOD
PRODUCTS, INC.
New Orleans, La., March 20, 1920.
The Board of Directors of Mays Food
Products, Inc.. have declared the regular
quarterly dividend of _*"- on the Preferred
Stock, payable April 15 to stockholders of
record March 31.
\a. C. MAYS. Pre*. & Treas.
?INSET OIL CORPORATION.
Oklahoma City, 503 Fifth Ave.,
Oklahoma. New York City.
A quarterly dividend of six per
cent, 30 cents per share, has been
declared and will bo payable April
1st, 1920, to aharoholdera of rec?
ord March 15th. 1930. Checks
will be mailed from the New York
office.
GEORGE* F. BARIOHT, Treasurer,
Aug..,. 20.28 20.28 30..8 20,25020.*I0 20.115
Sept... 20.41) 20.50 20.20 20.1 0?20.21 20.50
Get- IS.77 18.77 18,77 18,5041)18.75 18.77
Sugar and Coffee
Current Year
prices. ago.
Sugar, grnnulated. per lb,,.,..??!?. P
Coffee, nio No. 7. per Ib.... 14% 7,28
Coffee Santos No. 4, per lb.. 21 Vi ltfU
Sugar?Tho raw sugar market was un
Mettli'il yesterday, although the underlono
held steady, Kenners bought 25.000 bags
Porto Hicos, Maroh-April shipment, tit
18*45 1?, c I. f.. ami upwanl of 50.000 bags
Cuba?, said to be ?March-April shipment,
at 12c, cost and freight. There were also
sales of to.000 bsgti Cubas, prompt losil
Ing, south side port, at UV.0, f. o. b.,
with Culled Spates option only, equal to
12,0:i5, cost ami freight. Operators bought
about 5.000 tons Cubas, f. o. b. at 11 Va
April loading. At the close there were
rather free further offerings of cost and
freight Cubas at 12c, with Porto Ricos
available at 12 "sic, c. I. f.. and reflnern
showing a continued buying Interest i4?3
less. No change was reported In refined
sugar.
Receipts Rt Untied States Atlantic ports
for the week were 73,6.12 tons, against
(13.447 (ho previous week. Meltings de?
creased 3.000 tons to 74,000 tons, against
77,000 a week ago.
Coffeo Futures.Tho market opened at
a decline of I points to an advim-e of :i
points. The early official Brazil cables
were fairly steady an?! hardly met bearish
expectation?, as private advlcea Tuesday
had reported a lower Brazil market. After
th?? call, on Wall Streit demand prices
worked ," to 10 point, abowi Initial Mg
ures, but a further decline In Sanies
futures of 1.5 to 275 reis and lower offers
from Santos and Rio In the cost and
freight market started a Wave of realis?
ing, and prices soon lo*t th? earlier gains,
closing Irregular, 4 points net lower to 5
points net higher, ,
Santos 4s were available In tho cost
and freight market at 21'..??. and 4s and 5s
at 21o, American credit. wHh Rio 7s at
IRi.c sterling, a decline of 75 points. Tho
local spot market was quiet and un?
changed.
The range of prices follows:
Tuesday's
Open. High. Low. Close. cloae.
Mar.... . - 14.00lfD14.0u 13.09
?May... 14.'.6 14.35 14.25 14.25014.28 14.29
.1-jly... 14.(?2 14.60 14.51 14.61 ? 14.53 14.51
Sept.... 14.33 14 10 14.30 14.33? 14.34 14.31
N'?iv ... ??? ?? 1 4.33 '., I 1.34 14.33
Dec. . . 14.38 1!.1- 1 1.38 1 4.33(3 1 4.3 I 14.35
Butter, Cheese and Eggs
putter?Receipts were 5.868 packages.
Creamery, higher than extras, Ib., f/P?
69?_c; extras. 92 score, 68V_e; firsts, 90 to
;i 1 score, 60'?. @ ?.Se ; firsts, 88 t?> S9 score,
64?66c: seconds, ??:: to 87 score, 69?(I3? ;
lower grades, 55@68c; held, extras, 63?
U4o; firsts, 59?62c; seconds, 66?68c; un
salted, hierher'than extras, 72V.?73c; ex?
tras. 71 ?h 72c; firsts, 66@69c; seeconds, 60
@64c; State dairy tubs, finest, 66?68c;
good to prime, 60@65u; common to fair,
45(a?Sc; renovated, extras, 55c; firsts, 52
?54c; imitation creamery, firsts, 46??j,47c;
ladles, ?urteilt make, firsts, 44?43c; sec?
onds, 40?41c; lower grades, 3S@39\_c;
packing stock, current make, No. 1, 41c;
No. 2, 40?-: lower grades, ;:C?39c.
Cheese?Receipts were 2.S09 boxes, state,
whole milk, fresh flats colored, lb., 24? I
25c; whll", 24?24V.c; average run, colored
or white, 23?23V_o; held fiats, specials,
30?31c; average run. 28?29c; lower
grades, 14'ci_,c; twins, held, specials,
whites. 29@2.9'/4c; colored, 29@30c; aver?
age run, white or colored, _71A@28)/.c;
lower grades, 18@27c; fresh as to qualtty,
20?2,1c; Wisconsin, whole milk, twins, 27
?30c; Single Daisies, held, 30? 31 Uc ;
Double Daisies, held, 29@31c; Young
Americas, held. 33?33V.c; fresh, 32?
32V_c; State skims, fiats ami twins, held,
specials. 17?20c; fresh specials, 16?18c;
prlnm to choice, I3?15c; fair to good, 10
?12 . lauer grades, 4?:ic.
Eggs?-Receipts were IS,287 cases. Fresh
gathered, extras, dozen, 51@52c; extra
firsts, 49'/. @50c; firsts. 48@4llc; seconds,
46'/4?47%c; dirties, No. 1, 44@4Ec; No. 2
and poorer. 41@43c; checks, good to
choice, dry, 38@40c; duck eggs, Baltimore.
7Se; State, Pennsylvania an?! nearby
western, hennery whites, extras, 59?60 .
firsts to extra firsts, 54@68c; gathered
whites, firsts to extra firsts, 64@68c:
western whites, under grades, 52? 53c;
Pacific Coast whites, extra firsts, 50c;
?firsts, 63@64c; small, Petaluma, 4S(g 19
other western and southern. gathered
whites. 49@5Cc; state, Pennsylvania and
nearby, hennery browns, extras, 54? 56c;
gathered brown and mixed colors, extras,
51?52c; firsts to extra firsts, 48@50c.
Livestock, Meats, Provisions
Yesterday Year ago
Live steers, fair to
prime, 100 lbs". .$12.25?S 14.75 $14.50?18.7 5
Dressed beef sides,
lb.18? .22" .20? .25
Live veals, common
10 prime, 10U lbs. lC.OO?? 23.00 14.00?19.00
Dressed veal, city,
lb.22? .34 .19? .20
Live ewes, 100 lbs S.O'J ? 12.00 9.00?14.00
I in ssed aa u I t o n,
city, lb.17? .22 .!'.?',- ,24
Live lambs, fair to
prime, 100 li?s. 19.00?20.00 18.50@20.50
Dressed lambs, city,
!9?
io?s r,
50?
Hogs, ; 00 lbs. 1?
Dressed hogs, bacon,
lb.22?.221.4
Mess pork, bbl. . 42.00di>43.00
Mess beer, ho i. . . 16.00 a 18,00
Lard. Middle, West,
100 lbs. 21.0O@21.10 28.60?28.70
18.50? 19.50
.25'A? .26
60.50?
30.00?36.00
Warns of Impending
Change in Exports
American exportera were warned
yesterdny by Mark Sheldon, Australian
commissioner to this country, to ex?
pect a change in the character of Roods
his country will import from us in
the futuro, a decrease in the demand
for some merchandise, principally tex?
tiles, and for an increase in importa?
tions of American made wood prod?
ucts, automobiles and other steel man?
ufactures.
"The value of American exports to
.Australia," said Mr. Sheldon, address?
ing a luncheon meeting of the Ameri?
can Manufacturers' Export Associa?
tion, "will not decrease. America has
established herself in the Australian
market. America, however, if she is
to retain her Australian trade, must
buy more from Australia."
The United ?States cannot expect to
hold her heavy export trade in tex?
tiles, asserted Mr. ?Sheldon, with the
rate of exchange against, her in sell?
ing as it is at present. The resump?
tion of manufacturing in the mother
country, he added, would enable . Brit
ish textile merchants to regain some
of the Australian trade lost during the
war. Last year, he said, $22,000,000
worth of American textiles were im?
ported into Australia. A similar
amount of Japanese textitles also was
imported. Mr. Sheldon said he did not
believe the Japanese could hold their
textile trade much longer, however.
Of the $470,000,000 of total imports
into Australia last year America sup?
plied over 25 per cent in money value.
Imports from America were placed at
$130,000,000 in 1919, against $.'>5,0?0,000
in 1913. Exports to America were es?
timated at from $40,000 000 to $50.000,
000 annually.
Union Bag Reports Larger
Surplus on Smaller Earnings
Owing to heavier operating costs
due to higher wages and the advance
in the price of materials, net earn?
ings of the Union Bar: and Paper Cor?
poration in 1919 decreased to $2,335,
255, a droo of $283,918 from the eleven
months ended December 31,.1918. Fed
eral tax payments also showed a de?
cline, being placed at $258,228, com?
pared with $601,467,, in the preceding
eleven months. Depreciation aggre?
gated $348,221, and interest paid dur?
ing the year totaled $188.812, against
$187,151 disclosed in annual report for
1918. , ***
Balance after all char_.es and^ Fed?
eral taxes amounted to $1,680,619,
equivalent to $16.91 a share. $100 par,
earned on the $9,933,600 outstanding
capital stock, a?_:ainst $1,116.719, o>" i
$14 32 a share on the $9,887.000
capital stock in the eleven months
ended December 31, 1918. Holders of j
the stock were paid $836,063 in divi?
dends, which compares with $589,074 in
1918. The $844,557 remaining balance
was added to previous surplus, making
a $3,948,987 total.
_-.???
French May Restrict Imports
To Stop Decline of Franc
PARIS, March 24.?Sharp declines in1
the value of the franc as compared
with the American dollar and the Brit?
ish pound sterling yesterday, while the
German mark, despite disorders in the
Ruhr district, made appreciable gains,
have provoked fresh discussions ot the
exchange situation and a renewal of
talk of rigid restrictions on importa?
tions as a measure to check the de?
preciation of the franc. Financial au?
thorities are of the opinion that re?
strictions afford the only immediate
remedy, and predict an early prohibi?
tion of importations oi all luxuries and
articles which might ba described as
superfluous. v
Business Troubles
retUlons In Bankruptcy
,?r?'r,J,ti!',niB ?'? ,h*nJ??uptc->r m?a yesterday
In United Suites District Court were as
follows:
.(?f??8 T^pL%,T-involuntary petition
against Louis Miller, manufacturer of
sweaters and, knitted good?, 22 Wem 19th
St., by Harry Schwartz. A. Ashley Gsrd
','f'' "."?? nA^^,"f'nb<"r,4" ft Margolin. Lliiblll
I..?. l.iO.doO; ara-l?, $20.000. Joffe * Joffe,
141 H way, iiltorneys Tor petitioners.
LOUIS MILLER Involuntary petition
agalnsl Lout* Miiipr. manufacturer of
sweaters and Knitted goods, 22 "West mth
St., by Kahn fr Feldman Inc., Paul Pu'
?tarn- & Co., Maurice and Jacob Slaff.
Liabilities and Hssets not stated. Henry
H Miller, 154 Nassau st., attorney fot* peti?
tioners.
FLBMTNG & PATTERSON INC.?Invol?
untary petition against Fleming * Patter
son Inc. nllk merchants IG East 40th st..
hy Windham Silk Co., Seymoro Manufac?
turing Co. nnd II. K. H. Silk Co. Lia?
bilities and assets not stated. Russe) Vf.
Loary, 220 B'way, attorney for petitioners.
IlILDRBTH ?- SEOELKEN-Voluntary
petition by Itildreih &?. Segolken, dealers
in honey and wax, 205 Greenwich Street.
Liabilities, $C>e,000; assets, J2I.632. L R
Posner, 15 Broad Street, |H attorney.
JACOB SEMANSKY- Voluntary petition
by Jacob Bemansky. clothing merchnnt.
residing at 35 Washington Avenue. Li?
blllties. $.".,5,r,r, ; no aun?is. Samuel Blum
berg is atlonipy.
Schedule* in Bankruptcy
Following schedules In bankruptrv wi-rn
filed yesterday in United States District
Court :
SAMUEL CROSS?-Schedules of Samuel
Cross, business address not stated, show
liabilities of $8,825; assets, $4,664. Ben?
jamin Bernstein, 299 B'way, attorney for
Ci roKS.
Receivers In Bankruptcy
Reeelvers in bankruptcy nppolnted yes?
terday In United Slates District Court
were as follows:
UNITED SMELTING AND REFIN
IN<; WORKS-? Judge Learned Hand
appointed John Lyttle receiver for Mor?
ris Sack nnd David Dlenstock, eopnHncrs.
trading as Unit*.! Smelting nnd P.eflniiig
Works, L'59 Front sr*., under bond of ?3,
t\nn.
FLEMING & PATTERSON, INC.?Judge
Hand appointed Allen Klots, .",2 Liberty
Street, receiver for Fleming & Patterson.
inc.. oilk merchants, 15 East. Fortieth
Street, under a bond of $3,000.
Assignments
LOUIS KIRSCH retail dealer In dry
iroods, 2.'!71 Second av., yesterday assigned
for benefit ot creditors to Benjamin Le
vlne.
Judgments Filed
The following Judgments wore filed yes?
terday Mhe flrut name being that of the
debtor):
In New York County
Adslt, Samuel K,?Shulman Co.,
fnc. $117.95
Anderson, John, and New Amster?
dam Casualty Co.?People, etc. 500.00
Anna McNally, Inc.?W. W. Cha?
p?n; costs . 127.00
A run?-, Adolph, Meyer, Norman
and l.'-ster (Adolph Arons it
Sons)- -A, O. Millet et al. 961.17
Adler, Neue, and Ernestine Eck?
st ein?Rep?blica n Bank of New
York . 4.096.47
Adelman, Harry I.?Solar T.lght
Company . 340.80
American Cotton &? Grain Ex?
change, Inc.?M. C. Cooper... 1,110.22
Bei nbnrd, Morris?Encyclopaedia
Britannica Corporation . 145.45
Bleakle, Robert M.? Smyth, Snn
ford & Gerard, Inc. 3,196.80
Bernswelg, Pauline?I. Fenman
.1 al. 657.18
Burstein. Sam?H. Friedman.... 105.51
Balkln, William?Mi Singer. 135.62
Byrne, Francis J. ? Edward
Thompson Company . 124.55
Babcock, H. Howard, trustee, etr.
- New York Produce Exchange
Hank; costs . 118.70
Brazlor, Thomas J.?D Irolt Ca
.dillac Motor Car Company.... 193.84
Berg?re & Compagnie, Inc. ? f..
Stern et al . 1,420.36
Connolly, Henry M. A'. ?Zenith
Motor Car Company. Inc. 1.284.24
Citizens Hank?.1. M. Nelson.... 1,984.30
Dugas, Ernest L.?P. M. Herzog
ot al . 152.31
David Cohen Sales Company,
lue?New York Yarn House,
Tne. 1,360.58
Diinbar. Marx-?T. Goodwin; costs 101.25
DriKCOll, Michael?J. Plunkett et
al . 138.20
De Bottant, Alexander -B< thle
h-m Steel Company . 186.94
Fener. Newton F.?D. Hirsh. 236.95
Goldberg, Benjamin ? Alexander
Hamilton Institute . ,3 ? ?S
G er mu t,n, Edward.D. Get*/. 16O.60
1?. M?if|U mit & Co, Ine ?H. B.
Clanin Corp.; costs. 115.17
House & Home Co.. Orville B.
Aokerly ami Samuel Elchen?C.
MaUeH . 5S3.40
Isles. David C -N. G. Ryclir
Co. Inc. 856.70
John VV. Sullivan Co V. Vecchlo 1,199.36
Kahn. Bernard, and Moi: in Baum
ill. A> B. Auto Renting and
Supplies Co.)?M. A'. Wuers.... 829.30
Katz, William (William KatZ
Co.)?Siegel .S- Lippoff. 2.0S1.25
l.evlne, Samuel ? N'. R.ishkind
et al. 663.73
i.a Fell, Kathryn?C. A. Nolstedl 312.27
'.vous. Sam-?A. Guggenheim.... 1,197.35
Langes, Inc.?Lion Brewery ' of
New York City. 286.58
Leary. Daniel .!..F. Geller. 589.38
McGarry, William P.- New York
Roofing Co. 884.22
McKenzie, William C?Swift &
Co.. Inc. 792.07
Mandeltort, Julius, ami National
*<irfv Co.-?People, etc. 1.000.00
?arell 'chemical Co., Inc.?Swift
el- Co.. fnc. 562.95
Moore, James?J. Plunkett et al. lis.60
Meyers, Max?L. N. Small. 1.085.77
Masheinskl. Stephen A.?L. M.
Friedman; costs. 103.45
Molina. Julia W.?M. Molina.... 1,456.39
O'Connell, William .T.?T. J. Ryan 167.91
Oliver Productions, Inc.?Albert
Fixture Co. 414.72
Plperno, Abramo ? Downtown
Sales Co., Tne. 257.1.1
Podgur Renllv Co. (Nathan Wil?
son and Robert Po.lgur) ? D. S.
MaeDnnald . 4.524.22
Peiser, Isaac ? E. J. Heltner. . . . 459.20
ltothey. Morris?M. It. Horovltz. 212.80
floss. Max A., and I.ouis Epstein
?,1. Simon. 912.33
Stanton, Frank W. -M. E. Ger?
hardt . 202.23
Schw?rt::, Max?Abt-Bernot, Inc. 102.58
Schefgler, Richard F. -E. E. Mess 106.22
Shoe], Samuel?-A. Levay et al.. 1.092.17
Scivitlno, Salvatorc, or Totto Scis
tino -IV Sacks. 119.00
Schneiderin.in, Moe; Samuel
Wiener and Elleser Kahtrowltz
--II. Samuels. .14.1.57
Scarpelll, Frances?J. L. Mal
nat i ; costs, v. 110.20
Scarpelll, John B.? J. N. Mal
nati: costs.? 109 20
Stockbridge. Frank P. ?163 East
36th St. Corp. 1,12*0.70
Shapiro. Samuel, and A. S. Prate
nnd Manhattan Toy Co.?Larkin
Lumber Co. 131.32
Thompson Bros., Inc. ? II. Roth
man . 8,813.15
Vander Heck, Frank I.?Commer?
cial Trust Co. of N. J. 7.9C4.78
Voedisch, Alma ? Central Leas?
ing Co., Inc. 167.15
Woolridge, Doris?P. F. Shea.... 438 92
In Bronx County
Cushman Sons, Inc. ? It. Goodman $2,1,16.07
Cesaro, Alfonso ? Metropolitan To?
bacco Co. 32.10
l.ubarsky, David A.?-John David,
Inc. 75.2 1
Llppner, Charles S.?.1 Kahanow 8.1.28
Same ?Same . .".0.42
Spiro. Emil- P. Meadow. 88.65
Sui ridge. John 11. ? M. Water?
man . 221.20
Silman Holding Co. and Morris
Silman?Pierce, Butler & Pierce
Mfg. Corp. 291.12
Wanner, Julius?E. Level. 22.72
Welner, Samuel?Sunbeam Chem?
ical Co., Inc. 235.66
Satisfied Judgments
The first name ?a that of the debtor; the
second that of the creditor and date when
judgment was Hied.
In New York County
Jardin Co., Inc., Joseph Smith
end Meyer Levy?C. Charcow
sky; Feb. 2, 1920. $276.97
Northland Steamship Co., Inc.?J. ,
Nahoun nt til; Feb. 10. 1917... 107.82
Blehbuhr, Waiter F.?S. P. Black
man; Feb. 27. 1920. 1,611.42
Merchants Exchange National
- Bank ?E. Davis; Aug. 211, 1919 3.119.50
Riddell, Mary?B. Blout; Juno 13,
1912 . 371.56
Ludlow. James B?W. C. Stow et
al; Feb. 27, 1920. 530.70
Hob.trl, George V.?R. XV. White;
Sept. 17, 1918. 535.66
Humphrey, Andrew B.?H. Elli?
ott: Jan. 10, 1920. 379.72
Garfein, Raphael, and George M.
Silverberg?N't'l Nassau Bank
of N. Y.: Oct. 29, 1912. 440.09
Tennessee Fertilizer Co.?Interna?
tional Agricultural Corp.; Dec.
IS, 1919. 8,139.71
Hart, Frieda, and London and
Lancashire Indemnity Co. of
America?I*. Sugerman et al;
Oct. II, 1919.'. - .. 2.612.80
In Bronx County
Shoemaker, Anna L.?J. Enright;
March 5, 1920. 92.oO
Passes Dividend
Directors of the Shattuck-Arizona |
Company have passed the quarterly,
dividend due at this time. Heretofore
quarterly dividends of 25 cents anhare;
were disbursed.' . J
4
Fairchild Service
ALBANY-?J. ?3. Myers Co.: J. M. Griffith,
laces, neckwear, veilings, umbrellas,
parasols; 220 Fifth Avenue.
ALBANY?William Whitney Co.: A. W.
Mather, representing; 11.13 Broadway.
ALLENTOWN. Pa.?Schmld Co.; It. w.
Hchmld, ?ommerclal stationery and fur?
niture; Navarre. ,,
ATLANTA?Gray & Haley; S. Gray, wall
paper; York.
BALTLMORE?Blumberff Bros.: M. M.
Bltimhirg, ready to wear for fall; 43
Leonard Street.
BALTIMORB?Regetta Mfg Co.; C. L.
Wolf, mfrs. shirts, athletic underwear;
McAltfln.
BALTIMORE?H. Welner, clothing. Mc
Alpln.
BALTtMOBHJ ? Miss E. Rice, jewelry,
leather goods, perfumery; 200 Fifth
Avenue. ?
BALTIMORE?J. E. Hurst A Co.; I. M.
Parsons, white good?; 1204 Broadway;
Pennsylvania.
BALTIMORE?O'Neill *. Co.; Mlaa M. I.
Dignan, dry goods; The Annex.
BALTIMORE?N. Sollad. clothing, fur
nlshinses. hats, shoes: Pennsylvania.
BALTIMORE?Stein, Shafer & Co.; J.
Stein, silks, woolens and cotton piece
Roods; Mnrlborough.
BALTIMORE?Oriole Department. Store;
M. E. Gundershelmer, ready (o wear;
Pennsylvania.
BALTIM?.RB--Valu- Garment Co.: S. B.
Pierson, coats, suits, waists; care 145
West Twenty-eighth Street.
BALTIMORE?American Wholesale Corp.;
B. W. Sebold, stationery; W. P. Coggln?,
leather goods; 354 Fourth Avenue.
BALTIMORE?M. S. Hchelnman ?fc Co. ;
Miss G. Rothsteln. waists: Nat Cohen,
ready to wear; Pennsylvania.
BALTIMORE?M. Stelnberger, hats and
raps; Pennsylvania.
BALTIMORE?Cahn-Coblens Co.; E. G.
Oolwill. cotton and woolen piece goods,
silks, satins and velvets, blankets and
comforts; Herald Square.
BENNINGTON, Vt. ? E. L. Nichols; L. II.
Nichols, dry goods, coats, suits, furs;
Walllck.
BINGHAMTON, N. Y..Sisson Bros.-Wel
den Co.; t*. I". Sisson Jr., underwear;
Sherman Square.
BOSTON?Uowell Bros. Inc.; C. Howell,
linens, laces; ?irand.
BOSTON ? Edward Fein, cloaks, suits;
Breslln.
BOSTON?Williamson K- Sleeper; G. E.
?sleeper, millinery; Park Avenue.
BOSTON?W. Fileno'? Sons; R. D. Hun?
ting, coats and suits: 225 Fifth Avenue.
BOSTON?A. "Filman et Co.; A. Filman,
braids and trimmings; Park Avenue.
BOSTON ?I. Laehman <fe Co.; I. Lach
mnn. lewelry; Breslin.
BOSTON?Jordan Marsh Co.; W. G. Titus,
optical goods; F, W. Samon, wall paper;
432 Fourth Avenue.
BOSTON -- Gllchrlst Co.; basement; A.
Cohen, jobs, coats, suits, skirts, dresses;
Miss Keltner, aprons, house dresses, in?
fants' wear, muslin underwear, aprons,
brassieres, kimonos: 200 Fifth Avenue.
BOSTON?R. H. White & Co.; Mr. Crock?
er, shoes; 432 Fourth Avenue.
BOSTON?A. Abrams, clothing; Pennsyl
vanla.
BOSTO.V?Chandler * Co.; Miss A. Hyatt,
misses' suit?; 230 Fifth Avenue.
BOSTON?M. Raphael, mfr. cloaks, suits;
The Annex.
BOSTON?R. If. Steams Co.; A. F. Clark,
general buyer; Mrs. J. H. B. Knox. rib?
bons, millinery, neckwear, leather goods^
umbrellas, Jewelry, fancy goods; 20?)
Fifth Avenue.
BOSTON?S. T. S. Manufacturing Co.;
M. E. Shapiro, mfrs. silk waists; Penn
t.yl vania.
BOSTON?S. Shapiro Co. : S. Shapiro,
mfrs. ladies', misses' dresses; Som?
erset.
BOSTON?Smith, Dive & Rubin Co.; B.
Smith, women's ready to wear; Marl
borough.
BOSTON?Standard Furniture Co.; S.
Miller, '?nrnets. furniture: BreRlin.
BRIDGEPORT, Conn.?Howland Dry Goods
Co.; J. D. Granfield. men's furnishing?,
knit underwear, hosiery; L. B. With
stanley, ?Inens. cotton goods, linings, do?
mestics: 404 Fourth Avenue.
BUFFALO ? J. N. B_ir.lt, art goods;
Breslln .
BUFFALO ? J. N. Adams Co.; Miss If.
Lawlor, waists: 2 West Thirty-seventh
Street; Associated Drv Goods Corporation.
BUFFALO?Win. Hengerer Co.; Miss 1?.
lirinton. coats, suits, dresses, wraps: 2
West Thirty-seventh Street; Associated
Dry Goods Company.
BUTLER. Pa.?.1. S, Conn; J. S. Cohn.
coats, suits, dresses; 1160 Broadway;
Solomon.
CHARLOTTE. N. C. ? The Tate-Brown
Co.; Miss Cclena Bethea, ready to wear,
millinery; Seville.
CHESTER, Pa.?Miss R. M. Kelly, mill!.
nery; Pennsylvania.
CHICAGO?J. Cook .fc Co.; W. M. Cook,
knit goods: Herald Square.
CHICAGO?Carson-Plrie-Scott Co.; H. B.
Freeman, beds and bedding; 404 Fourth
A venue.
CHICAGO?L. Baer, clothing; Marl
borough.
CHICAGO?CarBon, Pirle <fe Scott; Miss G.
Ray, women's suits; 404 Fourth Avenue.
CHICAGO?Robbins-Helpern Cap Mfg. Co.;
J. Rosenfeld, hats, caps (dealers and
mfrs.); Muiiborough.
CHICAGO ?'.f. V. Farwell Co.; B. ?'.
Nicho!, carpets, rugs, floor coverings; 72
Leonard Street.
CHICAGO ? Phlllpsborn's; Chas. Painter.
neckwear, bags, leather goods; 912
Broadway.
CHICAGO?B. S. Thomas & Co.: M. M.
Hose, coats, suits, furs; 1182 Broadway,
Len Levitan.
CHICAGO?The Fair; H. A. Levy, base?
ment, ladies' coats, suits; 225 Fourth
Avenue.
CHICAGO?Marshall Field & Co.; A. J.
Coburn, domestics; 1107 Broadway.
CINCINNATI?John Shilllto Co.; W. D.
?'lark, silks, velvets, dress goods; 432
Fourth Avenue.
CINCINNATI?Aim? & Doepke; Geo. Frey
hof, curr?is; 350 Broadway.
CLEVELAND?Field's; H. L. Field wom?
en's wear; Park Avenue.
j CLEVELAND?Sunshine Cloak and Suit
<'o.. mfrs. cloaks, suits; A. I). Kramer,
piece irooris; lias Rroadway.
i DALLAS. Texas?I, II. Weil & Co.; H. A.
Millit, silk underwear, hosiery, sweaters,
gloves, waists; 1160 Broadway; S. Solo
I rnon.
DANVILLE, Pa.? Miss B, Lowenatein.
varieties, shoes: The Annex.
DAYTON, Ohio? Rike Kumler Co.: Miss M.
Riinkln. dresses, skirts; 225 Fifth Ave
I nue; Associat'd Merchandising Co.
ERIE, Pa.? Trask, Prescott & Richards;
L. S, Mears, ready to wear; 6 West
Thirty-second street.
ERIE, Pa.?J, J. Weber Co.: .1. J. Weber,
jobs of floor coverings: Pennsylvania.
FALL RIVER. Mass.?Udllsky Co.; A.
Udllsky, men's and women's clothing,
Broadway < 'entrai.
FALL RIVER, Mass.- -Feldman Bros.; S.
Feldman, ?Iry goods; Aberdeen.
FORT WORTH. Texas?S?nger Bros.: C.
II. Edelso.1, general merchandise; 19 East
Twenty-fourth Street.
GLOVEKSVILLE, N. Y.?A. Frye, boots,
shoes ; Grand.
i GREENVILLE. N. T.?J. C. Gaines, vari?
ous; Alcazar.
HARTFORD. Conn.?G. Fox & Co.; W. H.
Smiley, silks; G. V. Auerbach, represen?
ting; 116 West Thirty-second Street; A.
Fantl.
HARTFORD?G. Fox & Co.; Miss S. Gull
foil, ladles' gloves; 116 West Thirty
second Street.
HARTFORD?Sae? Allen Co.; Rose Well,
ready to wear; C. G. House, dress goods:
E. E. Crozat, coats, suits; 404. Fourth
Avenue.
HOUSTON, Tex. ?Beyette Dept. Store; J.
I Ilfrey, ready to wear, millinery, dry
good*: MoAlpl??.
INDIANAPOLIS?W. P. Wasson & r0. ;
Miss U. Flshman, waists; care 120 West
Thirty-second Street.
| KANSAS CITY, Mo. ? Smith. McCord &
Tqwnsend D. G. Co : S. Beem, hosiery,
underwear: 7:.' Leonard Street.
I LANCASTER. Pa.?Oroft & Wolf Co.: C.
E. Wolf, men's clothing; Pennsylvania.
?LANCASTER, Pa. ?Hager ?fc Bros.; S. W.
Dunham, wash dresses, skirts, 404 Fourth
Avenue.
LEW1STON, Me.?B. Peck Co.; J. H. Crow
ley, embroideries, laces, ribbons, trim?
mings, patterns, umbrellas, parasols,
men's furnishings; Flanders.
LEWLSTON, Pa.?Levin Co.; H. Levin,
ready to wear; Grand.
LITTLE ROCK, Ark. ? Leader Co.; A.
Frong, women's ready to wear; furnish?
ings; 220 Fifth Avenue.
MOI.INK. 111.?M. L. Verb Co.; M. L. Verb.
housefurnishings; Pennsylvania.
! MONTREAL. Canada'?W. Roberts, general
merchandise: Brozte.ll.
?MONTREAL?Vineberg Co.; Mr. Vtneberg,
clothing; Pennsylvania.
MONTR-.AL, I'anadu ?Goldflne'8, Ltd.; L.
Ootdflne, wholesale woolens and under?
wear Broadway ?entrai.
! MIDDLETOWN. Conn.?James H. Runes
Co.; Miss K. M. Riordan. house furnish?
ings, chlnaware; 404 Fourth Avenue.
NASHVILLE. Tenn.?Lefkowitz & Co.; M.
Lefkowit-, tailoring goods; Pennsyl?
vania.
NEW BEDFORD. Mass. ? New Bedford
Dry Goods Company; P. T. Foy, men's,
hoys' furnishings; 404 Fourth Avenue.
NEW BEDFuRD, Mass.?Epstein & Son;
H. Epstein, dry goods; Broadway Cen?
tral.
NEW HAVEN ? J. Press Co. : J. Press,
woolen piece goods: Park Avenue.
NEW HAVEN?Rapaport ?fc Tucker; Mr.
Rapaport, woolen piece goods; Park
Avenue.
NEW HAVEN. Conn.?R. Tucker Co.: Max
Lipsher, woolen p.ece goods; Park
Avenue.
NEW HAVEN?C. Malley Co.; J. C. Mlzer,
; notions, ribbons, .jewelry, leather goods,
.hugs; 404 Fourth Avenue; Park Ave?
nue.
NEW HAVEN?Shartenberg ?fc Robinson;
J. F. Burns, paper patterns; J. A. Foy,
boys' clothing; H. M. Shartenberg, pres?
ident; 404 Fourth Avenu?'.
| NEW HAVEN?Camble-Desmond Co.; F.
J. Stanley, notions; Aberdeen.
1 NORFOLK, Va.?Millar, Rhoada ?ft Swart?;
Miss Cohen, dry goods; care 432 Fourth
Avenue.
NORFOLK. Va.?.?V. Schultz, men'?, woon
| en's, children's, Infanta' wear; The Anne*,
PAWTUCKET, R. L?Shartenberg *. Robin
sen; D. F. Campbell, upholstery; 404
Fourth Avenue.
PHILADELPHIA?L. W. Hirsch & Co.; M.
Hirsch, waiBts; 37 West Twenty-sixth
Street.'
PHILADELPHIA ? Goodman. Armon A
Goodman; Mr. Armon, Infants' wear;
rare 1261 Broadway.
PHILADELPHIA?Blauners; L. Eekst-in.
coats and suits; care 120 West Thirty
! second Street .
PHILADELPHIA ? Stewart's: Miss B.
Koenig. dresses; 116 West Thirty-second
Street; A. Fantl.
PHILADELPHIA ? L. Harris A Co., mire.
waists; L. Harris, piece goods; St. James.
PBILLIP8BURO. Pa. ? II. Mirbach; H.
Mirbach, ready to wear; 1204 Broadway;
room 400.
PHILADELPHIA?F. Haatr Co.; F. Haag,
general mdse. ; Park Avenue.
PHILADELPHIA ?G. Weiss, dry foods;
Herald Square.
PHILADEIJ'HIA?M. E. Evans Co.; M.
E. Evans, general mdse.; Breslin.
PHILADELPHIA?J. Bromley ft Sons; ,T.
Bromley, carpets, rugs; Breslin.
PHILADELPHIA?W. Warner, wall paper;
Alcazar.
PHILADELPHIA-?Reliable Skirt Co.; M.
Kramer woolen piece goods; Grand.
PHILADELPHIA ?- Glmbel Broi-* ; VG. P..
Dunn, an needlework. Broadway and
Thlrt v-serond SI net
PHILADELPHIA ? Hnehm & Co.: E.
Boehm. kimonos, negligees, bathrobes;
47 West Thirty-four*.-i Street,
i PITTSBURGH Rosenbaum Co.; J. Kahn,
boys' clothing; care 120 West Thlrty
| second Street.
| PITTSBURGH?Kaufman & Baer; A. G.
, Meyers, furs; J. Graham, piece goods;
: 404 Fourth Avenue.
I PITTSBURGH?Rosenbaum Co.: Miss B.
Lytel, basement dresses; Miss E. Mr
?'lain, children's, misses' coats; Miss B.
Grossman, representing; 116 West Thir?
ty-second Street ; A. Fantl.
PITTSTON. Pa.?Thomas Pauxtis. general
mdse.: Herald Square.
PITTSBURGH Rosenbaum Co.; Miss M.
A. MeOrohan, waists; 116 West Thirty-,
second Street; Pennsylvania. .
PITTSBURGH? Keystone Cloak &-. Suit
Co.; R, Levenson, cloaks, suits; 1161
1 Broadway.
I PITTSBURGH?Frank * Seder; L. Levin
? son, basement, men's, boys' clothing;
354 Fifth Avenue.
PITTSBURGH ?Handleroan ?- Segall; L.
Segall, mfrs. pants; Pennsylvania.
PITTSBURGH?Pittsburgh Dry Goods Co.;
' F. IT. Lloyd, president; 43 Leonard
Streetc
PORTLAND, Me.?Eastman Bros. & Ban?
croft; B. Eastman, dry goods; care 404
Fourth Avenue.
PROVIDENCE?Gladding Dry Goods Co.:
Mrs. E. F. Burke, waists, sweaters; 200
Fifth Avenue.
READING, Pa.?Wide Awake Shirt Co.; 8.
R. Lurio, cotton piece goods; Herald
Square.
ROANOKE RAPIDS, N. C.?W. G. Lynch.
jewelry; Grand.
ROCHESTER, N. Y. ? B. Forman Co.;
Miss L. R. Snyder; Mrs. V. M. Brugler;
Miss Osborne, dresses; Mr. Conway,
neckwear, gloves; Mr. Sheffield, mer?
chandise manager; 225 Fifth Avenue;
Associated Merchandising Corporation.
RICHMOND, Va.?E. B. Taylor Co.: A. J.
l'arrish, wholesale china, glassware,
dolls, toys: Gregorian.
ROCKY ?IOBNT, N. C.?Schultz Co.; J.
Schultz, dry goods.
I ROCHESTER?I. Knopf <fc Son; J. Knopf,
mfrs. clothing; Breslin.
SALEM, Mass.?Almy. Bigelow & Wash
burn: Miss M. Henderson, toilet goods;
230 Fifth Avenue, Walllck.
SAN FRANCISCO?S. N. Wood Co.; Miss
E. J. Shaw, waists, children's coats;
43 West Sixteenth Street.
SPRINGFIELD, Mo.?Levy-Wolf Dry Goods
Co.; Mr. Glaser, ready to wear; care 48
West Thirty-fifth Street.
SAN FRANCISCO ? Raphael Welll Co.;
Miss M. Smith, art needlework; 15 East
Twenty-sixth Street.
?ST. LOUIS?Mueller-Carter Neckwear Co.;
C. B. Carter, mfrs. neckwear, belts, um?
brellas; McAlpin.
SYRACUSE?Markson Bros.; A. S. Mark.
i son, installment goods; Grand.
?THREE RIVERS, Can.?Goldenberg Bros.;
M. Goldcnberg, dry goods, clothing;
I Breslin.
TOLEDO?Lion Dry Goods Co.; J. M.
Walker, silks; 23 East Twenty-sixth
Street; room 810.
TOLEDO?-W. L. Milner ?? Co.; J. John?
son, clothing and furnishings; care 120
West Thirty-second Street.
': TOPEKA, Kan. ? R. Austin, dry goods;
Pennsylvania.
; TROY, Ala.?Rosenberg Bros.; Miss I. E.
Murphee, laces, embroideries, dress
goods; The Annex.
I TROY. N. Y.?United Shirt and Collar Co.;
C. L. Pine, mfrs. collars, cuffs, shirts,
night robes, bathrobes; 229 Fourth
Avenue.
: WASHINGTON?Miss J- Nachmann, mil?
linery; Tho Annex.
WASHINGTON?Kann S. Sons Co.: Mrs.
C. Nohe. millinery; 432 Fourth Avenue.
? WATERBURY, Conn.?Scotts Cloak House;
AV. D. Scott, cloaks, suits, corsets; Grand.
I WILKES-BARRB. l'a.?MacWilliams; W.
P. W'nalen, white goods, domestics, lin?
ens; 105 Grand Street.
j WILKES-BARRE?E. Engber; E. Engber.
waists, piece goods.; 3 West Twenty
ninth Street; De Rosa Trading Co.;
room 707.
WOONSOCKBT, R. ' I.?Harri3 & Mowry
I Co., J. E. Dunlap, millinery; 404 Fourth
I Avenue.
BUYERS COMING.
? CHICAGO?Alfred S. Swartz &? Co.; Al?
fred S. Swartz, knit ties, muflers, hand?
kerchiefs, hosiery; 4510 Fourteenth Ave?
nue, Brooklyn; is expected March 31.
Merchants-Manhattan
Merger Is Approved
At a special meeting of the Mer?
chants National Bank and the Bank of
the Manhattan Company over i*0 per
cent of the stockholders voted to ac?
cept the detailed plans of the merger
and the same will take effect at once
on the approval of bank examiners.
Western Electric Sells
Convertible Bond Issue
Block of $25,000,000 Pur.
chased by Lee, Higginson &
Co. and Chase Securities Co.
Lee, Higginson & Co. and the Chase
Securities Company yesterday an?
nounced that they had purchased from
(he Western Electric Company (Inc.)
\ $25,000,000 of five-year 7 per cent con?
vertible gold bonds, due April 1, 1925.
A public offering will be made of the
new securities, which are convertible
at the option of the holders at any
time between April 1. 1922, and Oc?
tober 1, 1924, into the 7 per cent
cumulative preferred stock of the com?
pany, par for par.
The Western Electric Company, the
majority of whose stock is owned by
| the American Telephone and Telegraph
| Company, will use the funds to pay
| off floating indebtedness, particularly
; to reduce bank loans. The company
was established in I860. Its main
! plants, which have been greatly ex
! pended in recent months, arc in Chi
i cago and New York, and its employees
! number more than 27,000.
Overland Increases Stock
TOLEDO, Ohio, March 24.?lacrea??
] of $25,000,000 in common stock was
I authorized at a special meeting of
| stockholders of the Willys-Overland
i Company here to-day. With this new
issue, it was announced by John N*.
Willys, presiden*:, the authorized
capital stock of the companv now is
$100,000,000, of which $2"?,000.000 is
preferred.
Although notice to stockholders
j stated that an increase of $26,000,000
would be asked in the form of pre?
ferred stock junior to the existing pr"
ferred, Mr. Willys announced that in
view of changed conditions, and in
consideration of the interests of pres?
ent preferred and common stock hold?
ers, the officers of the company had
decided not to ask for an additional
8 per cent issue at this time.
Elk Horn Coal Fails
To Earn 1919 Dividends
The Elk Horn Coal Company failed
by $870,912 to earn its 1919 preferred
and common dividends of $935,499. The
reason for this, according to the an?
nual report issued yesterday to stock?
holders, was the droo in total business
from $4,951,921 in 1918 to $2,829,542 in
1919. Expenses, taxes, etc., absorbed
$2,057,190 of the earnings, and deprc
| ciation and depletion, $288.033, after
i which operating profits amounted to
$484,313, against $1,712,050 in the year
j before.
Interest charges paid during the year
! aggregated $419,726, leaving net earn
j ings of $64,587 available for dividends.
j Holders of the preferred stock received
$395,576 in disbursements, while com?
mon shareholders w-ere paid $539.923,
thereby causing a $870.912 deficit to
be made for the year. After this loss
, had been deducted from previous
| surplus the profit and loss balance
j stood at $677,417.
Aaron E. Norman was elected a d?
i rector of the company, succeeding A.
| H. Post. Others retiring directors were
, re?lected.
! Remington Typewriter Earned
$21.28 a Share in 1919
On the largest volume of business In
its history the Remington Typewriter
Company "in 1919 returned ? surplus
after charges, bond interest and Fed?
eral taxes of $2,910.709, equivalent.
? after allowing for dividends en the
first and second preferred stocks, to
$21.28 a share earned on the *9,996,00n
common stock, which compares with
; $1.918,470, or $12,70 a share, in 1018.
Net earnings in the year were $3,
.327,458. or 5858,428 more than in tho
?preceding year. From this $416,749 in
charges and depreciation were de
j ducted, leaving a $2,910,709 balance
\ available for preferred dividends, a
?gain of $993,239. Preferred dividend
: disbursements, including accumulated
: second preferred payments, aggregated
, $2,452,063, after which a $458,646 bal
j anee remained. Profit and loss sur?
plus was $6,070,540.
j In his report to stockholders Frank
N. Kondolf, president, said: "The vol
! ume of business of the company for
j 1919 was the greatest in its history
?and so far this year is greater than
j for the corresponding period of last
? year. Present orders are in excess of
| our production and your directors and
; officers look for another prosperous
year."
U?arn to Dance
As dancing is so popular, these columns will appear every Sunday. Tuesday and Thursday.
! DANCE PALACE?TERRACE GARDEN
58th Street, near Lexington Avenue
Dancing Evening* 7 to 12
Saturdays, Sundays and Holidays
2 to 12.
3 LESSONS. Individual
Instructor.
Private Lesson? any hour.
Telephone J'laza 75.
Evelyn liubbell and Castle House
Instructors.
25c
EDDIE LEONARDS
FAMOUS
MINSTREL BAND
EXHIBITION DANCING Every Tuesday and Thursday Night
.<,
! i: i dual v.* >*rliii()i .-)! ?(?Kiii-JfT1? '? ?5,4<P?P^"\J
Guaranteed to *.,;..'! luivone who mifci. ri
walks HOW TO DANCE. ^PBhaf
Pr__ admission am! bat (becking ?rTv^k
* ,cc Supremo dancing Kloor. r?Y?jn
I Jan Band Played with Pro. W fi)i
i I? you leani here you can danco ? ,/*j
BRTANT WILSON'S JP&
V. W. Cor. 46th 8f. AB'iuv >PJ^ ?
. 1Q0 2XPEET TEACH RB?._
(* A SCHOOL uich a CHARACTER***
OO OMAN'S
9 \t>Z E. 86 th ST. JLs^.A^fKef
Private Lesson? at all Honir??
C?a?.-,?. Every Evening H to 13 V *(.
.'Aune _.ei.__.- _--??
YOUR dancing improved and self-confi?
dence developed In one pr?vale lesson at
exclusive studio, hull .hour *>'t. hour, 15;
beginners rapidly, thoroughly taught
ALLAN and MAY WOODS, 50 Wtsat C7ih
St. Columbus 1405.
MODERN DANCES. WILMA GIL'.OKB
Vernon Castl? Graduate. 1-? Wear. fc7(fe
at. Ore.? ??a?.
Mr. Executive:
May we suggest that you make it a daily habit to glance
at the classified columns?
Under Situations Wanted?Male and Female?will be
found the little ads of good men and women looking for
positions.
How do we know they are good?
That is easy; if they weren't good they wouldn't be
spending their money in The Tribune, where the intelligent
employee knows that tin's advertisement will be read by big
business men.
By the way, if you want to fill a vacancy in your office,
store or shop call up the Good Morning Girl, 3000 Beekman,
and give your advertisement over the phone. Bill will be sent
later.
I