W. F. Ladd & Co. investment Securities New York ANDREW J. McCORMACK, auctioneer. , RE-ll'LAR AUCTION SALE STOCKS AM? BONDS By ADRIAN H. MILLER * SON. ? OFKICE, 55 WILLIAM STREET. WKDNESDAY. IIKCKMBKK 1ST, li?:0, a: ! i; : jO o'i lot k, at the EXCHANGE SALESR' n ijl, N'Ofr. 14 AND 16 VES ET STREET. r'. .- .'.,-?- tytl . f Ex, ?? itor: $2.090 Hcma Construction Co. 1st jittgre. ?rj Coll. Bds., due 1915, extended i to Jan'y, ! jftal i Si uthern. 113-47! sh. Buffalo Southern Rway. Ctf. of Per. :*-47'. s'.r. Buffalo Southern Rway. Bd. Ctf. of Dep. 50 shs. Rook Plaster Manfg. Co. ' >: 3 sha Rio Plata Mining Co. of Ai-rior,,... JO shs. San Marino Realty Co., Tr.c. 18 ohj. A?s?ts Control Co., Ino. I'M shs. Petramo Company. '.16 shn. Hill Dale Co, 1tiT lis, 4th Ward, Queens, dated Nov. 28, 1911, Participation Certf. ".OflBh:-. North .Jamaica Realty Co. Vor Account of Whom if May Concern: Tarehoune Receipt No. 84.6G8, Issued by Warwick-Thomson Co., satd to eon . . ,' Cartons 12 Uuar'.s of Grape OU Coi centrate, 260 shs. Eastern Mausoleum Co. *C shs. American F? relgu 'fragte C-"-','.'! Pref I. ?00 shs. .'.???;?; ran Foreign Trade Corpn. ''-.-, m j:\. 13,000 Lexington Ave. ft Pavonla Ffcrry IK. R. Is: Mtge. !,'. ' ' - :? $$?,900 Great Lakes Oil Rofrrrjr? Co., T S' 5-yr. 1st .'!:e- -?;?:. Fund B( nd i, 4 shs. Eel! Locomotive TVor'.cs, Inc. . 19 shs. Bell Locomotive Wffrlts, i .. ? r - . . rr . ?25 t,hi. Permutlt Company C tira ? Rail, In. . ? . ? Hotel Co. *? Intel rial R| ?rting '':ub Corpn 1st . - Del Rcgil. Bond. ? r ?" 0 .-'-r.,. ? ; ? Co . Indlanapr Us, Ind . 1st Mrge. ?'?"- C nvt. Notes 5: 5! ? - ?- . ? Station Equipmen ? n. 2d Prefd. Station Ei ? SO -rii-. Kan :.y Oil Co, Prefd. I - Kar k tl Co. Common. ' * sha. Charlestoi Hil Go I Mining Co ' [ ' ? ni ? Sterling Tire Corp i rat ion ?Jon; - mon 290 sha Kansas City Railway Co. Prefd. $2.500 Kansas Citj Railway 1st Mtge, 5s 1944. *. Kfv City Railway 2d Mtge. ; ?; 194 4. .' ?.hs American Bankers Safety Co. i'Tf-: i. she. American Bankers Safety Co ?.. Ftamplp.K Products Corpn, Id shs. Brie Hpecla Ity i ? Prefd ?hi Brie Specialty Co. Common. It's ; '. .-- Light & Heat i ... Pref ! Al! Right, T.t.e *:. ; Intere - ot Ja o Rui pert : - i- -. i - i th? following, vtz. : ? ? Pi? ture "The Trail he ? ? topus." and feature n - ;,. ui es, "1 Ugh Speed,.rhe ? . .. Man ge Chains of Evl ' ar.'l "A T langer lUa " - : Hutterworth Juds i 1 ? . : ?hs. B-j terworl . Jud Prefd. Starr ped. IK " Kr -? ?? ? ' '?' of Bui a i est 4'r, ~ Bdi 500.000 Kror.ei Third Auatrlan War Loan : -, ' ? $$0,000 Kronen Auatrlai Mortgage Bank 4<"i Secured Bon? 6C0 ?.ri> American Ctt ea i ?. Prefd. ? ./ Record Tire & .Mv-.::{?' Co., Inc. $90 she. li'-" ? ! Tire & Manfg. C? . :;9?iv.n. A-.a:-..-. Coast Fishei es Co. : ? ? Pre? t. SSI aha. Atlantic Coast Fiahertea Co. ' .-:.". :i. $6 aha Denny-Rent n Clay * Coal Co. I2S shs. Mu' ? n -? ?' al Co. J.OftO .'.nur'l i 'oal Mining i '? * '. " ; Bhs. La ;. ' ?. Mining Co. 11 shs. Ki ? Rat Co Inc.. 1st 1 :9l!-'.rvi ?? (. Knots Rat Co., In-., 2d Prefd. 17 93-100 i I ?, Km * Rat C? ,, Inc., V.r. ;: on ?'- r. BANK STATEMENTS IEPOR1 Of THE CONDITION UONELLO PERERA & CO., Private Bankers, . - -. ?? close of i.Inesa so the l?th ? ; ? ? N? ? ?- t, 1920: ' :-. - ?>'-.::- ... ? ? $721 r.9? ?v PTtTate .,- .... 263 399 Moriiiri? T?' 'I . >a. ? . : 111 t>7 otltef ....2,11 tot-.*, dUroon!? a.' . i>" ,'Vfc-l r ?rt v~.r>-\ 'r -.??:.. IS? 8ms ' < * -, . ? --?->..;..? 'rr*-?.r>J-; 47B.7! I>*J*. f'-.'T. UK 'fc,-.' vsr?* ItrxMHtjita $392,24$. M -? j? fro? f? ? ,- ?k ? ?-;-.-. -i 19* 24 . . ? ? 'y 44 44 13 1 HI :? 13.7t7 t?. ?- ? ! i. ? : ? t ? ? ?-? ? : State? . . .123 V. '- r?o ? '*"?<.' , : ? j fa-t-f ajr.d ? *>-? r-,r r.?r'. ?lira . ? . (4,424.67 M -r. art ??' ? , . ?ctxm&itxa ?*? ? ' par --.? nti . 4'( 94$ 30 i -? $? 172 '.? *.-r-.??j r ?.'-/? ' ? --. r >r*! i/!. :,s*o at ~>,?? ?* V. '. raj so ?v^/To <**. 17.329.29 - 4'-: ' t'J'M .%i ',:?? '. ' ? ; L/AI31LITIEH '? ' ?-'-.'. -??;.?. . ..... IM ',' i 00 *"? ? !- ? i ...... ?'.'?' l>*v/i::* ?iji?., ro - ?? '. $397,934 19 OtAt? M-USeatM >?' ite&oatt 47.243.U '???/.-t daposlta withdraw a'- ? '?..7 Ofl v.-??:.'.?. ?? far R*/-.*, ?yf.?!? t'i/.. KM-, 91 '*nsa?1 ?Atrfci, 2 493 '/' ?' ??-? f'Wft-r. htl.t? . : ???'?>?'?? 297,434 '. Bi'?"i t?Ul 4i9*>f*tj ... '"-.)?'?/ 4 v.??'.?/.-? .,? .;,?.'. I,?.-, fc??* a; a futur? '.?.?? er ?r.5/.',rt?.?/i (,/ ...... ,_ yjw-.-t?! UtUn iff efadH 4V','.V',2 *?**(!?? f<* Uj>?, ei|?i.v?, . **?*. 7,1*4.2') *??m?.yj lotmm n.'??! Ml tax*? at ?fa?, ,/ (,.?.. ???*? ?ir, Usrn C*i*_ Vt.Vil :?. **Ai $4.'*t>.?';l *7 Foreign Bankers Confer Here on Mexican Situation French and Swiss Repre? sentativos of International Group Meet Loca! Finan* ciers; Outlook Hopeful Informal discussions relativo to the Mexican situntion, especially an re-1 garda the statua of foreign investments in the republic, are being held by members of the International Commit? tee of Bankers on Mexico, with a view to working out a plan of procedure for arranging for a resumption of the serv? ice on the Mexican government and railway securities, which have long leen in default. P. Reynaud, representing the French group, and M. Pictet, the Swiss repre? sentative, were the guests of the Amer :can banking group at u conference held at the offices of J. P. Morgan & Co. Trie French banker had only re? cently returned from Mexico, where he had gone to gather first-hand informa? tion of conditions. It was stated on behalf of the Amer? ican group yesterday that so far no definite plan for protecting foreign holders of Mexican securities had been (i.V. loped. The bankers are still wait? ing for the new r?gime in Mexico to be stabilized. The attitude of tha present Mi xican government toward the bank-1 era is friendly, and hope is expressed ? by members or* the committee that art agreement can be consummated in time I which will make possible ?10 resump? tion of interest payment v as well as i ti i i ayment of principal. interest in Mexico'? finances has been heightened lately by the call sent out by Speyer & Co., bunkers, for the deposit with a protective committee of two issues of Mexican government bonds aggregating approximately $75, ? 000,000, which are in default both as to nrincipal #nd interest. Five international banking groups are represented in the international protective committee, namely. Ameri? can, British, French, Swiss and Dutch. The total of foreign investments in Mexico which have seriously Buffered I as a result of the long series of politi- j ! cal upheaveals in the republic is vari? ously estimated at between $1,000.000, , 000 and $2.000.000,000. of which the : American stake is put roughly at $800, | 000,000. _ ' New York Meta! Market Oh the New York Metal Exchange tin *.vas weak, with Class A quoted at 36c | to 37c asked; Class B. 34c to 34.50c asked, and Straits shipments, 30c I to 37c. Copper weak; spot and No- j vember, 14c asked, and December 14225c asked. Lead weak; New York spot and Fast St. Louis. 5.75c asked. Zinc weak; I New York "not 6.10c and East St i Louis 5.80c. London metal prices follow: Lead, snot ?28 and futures ?28 17s 6d. Zinc, ! spot ?32 ?s, and futures ?33 5s, Tin, ?standard spot ?221 5s, and futures ?225. with sirles of 20 tons spot and 380 tins futures, Copper, standard spot ?78 and ' futures ?78 5s, with sales of 100 tons spot and 800 tons futures, and electro? lytic spot ?90 and futures ?91. j To Pay Wil?ys Dividend , Directors of Corporation to Italie One-Year Scrip Directors of the Willys Corporation ? have decided to pay the dividend due , on the first preferred stock December | 1 in negotiable one-year scrip, callable ! at par and payable to stockholders of ?record November 20. According to C. B. Mertz. in a letter to shareholders, this action was taken "owing to the acute stringency in the money market, ; the necessity of carrying inventories, j and in order to conserve cash assets i an?! creel it resources." Together with the announcement concerning the dividend stockholders wer?; in receipt of a statement showing that net prolits of the company fur the eight months ended August 31 last, before taxes and dividend?, were $3, 604,600, compared with 54,141.255 for j the full year 1919/ The statement also | said that profits for the last four ! months will not add appreciably to the j total indicated for the eignt months. Chesapeake ?k Ohio Ask?? It i ?i i 11 to Issue Securities ! WASHINGTON,! Nov. 26.?The Chesa- i pealce & Ohio Railroad applied to-day to the Interstate Commerce Commis? sion for permission to issue $4,500,000 worth of equipment trusj certificates to bear interest at 6V2 per cent and to mature in twelve equal payments, be? ginning December 1. 1924. The road also asked permission to ! issue $2,699,000 worth of improvement I mortgage bonds, which, with other se-j curities, will be offered as security for 1 a government loan of $3,759,000. Canadian "Northern Railway l?on.V". 7.00 C.55 Jan.... - - - 7.15 V 7.16 6.77 bVb.... - ?- - i.S7'ii) 7.38 6.99 Mui-ch. 7.15 7.77 7.VI 7.59?J 7.60 7.20 April... - - - - 7.7? -. 8.40 8.OH Sept.... 8.1? 6.65 8.10 B.53@ 8-65 8.IS Oct.... :>.?2 S.:-' 8.22 8.63? 8.65 S.23 Butter, Cheese and Errs Hatter Receipts were 4.I4C pacKagc Creamery, higher than extra, lb., GO'.i 6le; extras, 92 score, 60c; firsts, 90 t.. ! ? . 02Si i 9c; Hrsis, SS to 89 score, 47 60c: seconds, 83 to ?7 score. 40?45c; lower ! crades. 37!'.r; twins, held ?Pe? dals, 27 ' i 'il 2* ' ??!' ? average run, 2 4 ! a iP 2.-'nc; Wisconsin held flats, 27?2Sc: single Daisies held, 26'$ @28c; double Daisies., held, 26%@27Hc; Young Americas, held, 29@30c; Bklms h-'d specials, lStSr-Oc; prime to choice, 15?17>?c; {*lr to ???a' 1 - '?i I < '-? c ; lower grades, 10c. Kgjrs?-P.ec?Vpts were 6.770 cases. Fresh | ?fathered, extras, doz-n. 86???c: f*1? firsts, 83@85c; firsts. 76?81c; seconds, 6( ? ?75c: dirties, No. 1, 52@66c; checks, fair, to choice, dry. 46?60e; refrigerator, spe- | cial marks, fancy. 59?S0c; firsts, 67@68c; seconds, 53@66c; state, Pennsylvania anal nearby Western hennery whites, extras, . $1.08; extra firsts, $1.03? $1.05 : firsts. 3d?' $102; gathered whites, firsts to extra firsts. | 96@$1.05; under grades. S0@92c: pullets, 76 | ?S8c; Pacific Coast, white, extras, $I.0o? 51.08; extra firsts, $l.O3?$1.06; firsts, $1? $1.02; medium size, 85@93c; small, in? SOc; other Western and .Southern, gath- I ered whites, 65?95c; stat.\ Pennsylvania ai 1 nearby Western hennery browns, ex? tra, '.' '.:?-? gathered brown and mixed ci ors, graded extras, 86@88c; r'.rsts to i .? '. a firsts, 77?85e. Livestock, Meats, Provision? Yesterday. Year ago. | LI ?" beef, fair to prime. 100 lbs.$10.23 ? 14.75 $1 2.50? 17.00 Dressed beef, sides, lb.13? .28 .16?.26% I. . ? veals, com- ! mon to primo, 100 lbs. U.00?17.08 16.00?22.00 ? I i r .? s s e ?) veal, i :'.;', ib.18? .26 .24? .22 ; Live ewes, ICO ?ins. 3.00? 0.2; 5.00? 9.00 ! in ised mutton, ? v . lb.rS? .14 .10? .16 1. i- lambs, fa Ir to prime; 100 lbs. 10. 00? 12. 25 14.00? ?4.25; i ir? ssed lambs, , lb.20? .28 .20 r .25 Hogs, 10 l lbs. . . 10.50 pll.00 14.00 c 14.25 ! h o g s, bacon, Ib.V. V, if .11 % .22*>i?.22% Porli. 30.00f(i 31.00 47.?': ? Mess fceef. ut',. 19.00@20.00 22.00?23.00 l,U(i, ... i d .1 1 o West, 100 lbs.. 18.00?18.25 25.65@25.75 Receiver Is Asked BARRE, Vt., Nov. 26.?The Westing-' house Electric Manufacturing Company applied to-day for the appointment oi' a receiver for the Barre and Montpelier Traction and Power Company to straighten out the financial affaira of the company, but not to close the road. ! An injunction was also served to stop ! a sheriff's sale of street railroad prop- : erty .to satisfy a judgment of $5,500 j secured against the ruad by Robert i Stewart, who was hurt by a pole which I fell through tlie window of a car. The ? action was declared to be designed to ! prevent the depletion of the traction company's assets. - - ?? ... Financial ?tems Net earnings Of tho Gulf States Steel Company r..r October uft.-r the usual de? ductions f?j;- taxes, depreciation, etc., an ountod to $109.739. The Central Union Trust Company of Ne... York has been appointed transfer ;>.r."i-t in New York of the preferred and common stock of the General Asphalt i tompany. Application has heen made to the New Yon; stock Exchange to list flitted Re? tail Stores Corporation 37.767 additional shares of common mock Class A, ;it no par value, Arthur B. Westervelt, for ovr twenty years associated with Harvey Pi.sk ?-. Sons, has resigned to become a vlce-presl ilent of tli" American Trust Company of New Wirk, and will assume tho new duties on December J. The Day's Bond Market 1). S. Government 1 nm?.:?ctlon? Liberty v .. , ; \: do '.-r 4s. do 2d Is, 1942 ' ?( . ? , J ' o < h 4 v; 'or y 4\s 1941 i ?? ' '. ? 1923. Sales 701.000 1,1 0 3,000 . : ' ? 1,468,01 ' 21,0 10 4.11 i.or . rield. S 86 02 .30 I . IC ? . ? ; ' C2.S4 ., , ? i ? ? ? . ? hg? ? .40 - . : n .84 . I 3d 4 ?.' ? dav ' -Vis u - . SP : .: ' - ST.!" ?; 87.44 9#)0{l 96.02 M 0@96 02 : i \ ?? ?oiVi ?oo^ \\ '?'..;: . ] i -. ulOSV. 14 - 10."? . l04'-< '.10? 10 t ?; : 1)1 1001 .. . I.J I? H Va loovi '?? loi :3 ?IVj 100H 'iflOl'-j ' ?:???' tlOl'/j . ?? .r ." ? ? 82 . ? '..- s 2 70 jrji 82 7 -, : .' -, 7. ' ? ?l i 5 7 ", '? . S Korriftn Government and Municipal Gonds . Interest To l?e Added. CU) ? I '/..>? h 19: a ...???:. ; os : . ??,.-..'. i: :.; I ;. . ? .-, Cuba i ; ri '? ? t ',. '. lo ? ' '-. '-. '? '? '?. l do i - 1910. . . * nican Hepubll? ? . . . '. : .1 11 Rs, 1934 1 '.'.'? . ? ? City of Cop' n fin ? . ' ' French Gdvt i 1 ? ? - ? .1 r.- i ?-.. ' ? ' i;-?, 1921 ? ni I ' . . .11 lapai ? ' - i Jo IS 2d im. 1925 do 4 fio Tok r- ; ?: i: .-. I , 321 1 V? 'JO3 42H 7 8 '.c i ;?!".< V* !.. ?SO 80 80 7 4 Vi ?OOV* 94 S Il ? i/a 74 :. 74 ? i Mi .'? Kx do i : i ' .Kj B ) ' (I ....... ? i n 0 01 '04.1954. (Sa)es) ? ' ... -, : ' ' . y ? ? !?:,? i'.f., 11 Cm 4 000 ' '? City ? ' Chrl ' ?nlii v ' -, i< . r. 1 71 5,0u0..., ?0% ?1 II 6n 7.000.7 S !':. ru I, l'.'-p 8s J P 91 ; M rets 971/4 : ', 0''" .100% m r . 100 . . .100% ', ..... . . 100',. 2.000 I 00 '., 00.100% 11.000 . . 1. .?'IM',4 iv '.r : ivltzerland , ? S f 8S ; fi .'.;? n ? ?. .. 102 0 10 . I 12 V 74'A I ' " ? ;r' ': - ? ? :.%/v % :,:,,,:???? % : ? 000. 74% ' " ' " ; do 2.1 ?. r ' iVOOfl 10 '.'.'. :?'. r 000 . '.'j: 74 "f 7 1 'r? , - I on n 4 a 1.000 4 7 000 . ,67 ? ', 01 1 : 1.01 ? ?l 1 V :?' ???; !?* '4 1 ; 11 192? 10.V0? .... ??% ?j: . r in iKium n r v '.? 1 i- M rets ?. 000 ., ??' '? 000 , ', do 1 n 1921 r. 000 . fi'1% do *? i?26 1,000. 91 % 4.000. i.'l % rtep of Cuba 5s l'i04i 6,000. 8i7(.i 1.000. 7-'. : 1.000. 89 6.000. 77% ir,.r,no. 88% V K of Great l-lritalnl H.000. 89 ?V 1 .. Via 1021 I 'o ?'? Vis 1937 L. ' 7?. ' ' 000. R.-iW, | ?.-,'?' r 9.000. 85% -5.000.I '.;%' ?J. 85% non.t -;- OOfJ . 85V, 10.000. ? (.000. iio r.v B ?-.. no. d r, Vj s 19 2 !? fifj S S?. no? . 1 000. 85 H V S cif Mexico t? l V 00. 45 i.-0'V . 4414 ?000.s20f.. I' de 0 ~ 0 . Railway, Other Corporations '.?1. n s Rxpress i.oon . 001 . . .Gold M ser -\ ; 00fl . . . nv V 4s At., ,-':..?'' -i 6.1 0. . .1 00. .11.- : . ' 0(1 . 7 ,v T cvt Cs i.onn 2.000. " r. ? .. ??? 1 % ri'. Mfc| 79r Si. 7 '1 ? l'en 1 aclfi ? g;td 4 L. 1 7 01 0. ? Rt'l I .' li 11 r?R 3.00(1 . . 46 U IVlOO _ 4674 our -. Co 4>is '? .... 76 l . . -.:. '? ? 76% A T ,>.? s r cen 4s ?'"">::::: }?\" ? ? '?'." '1 ?'. 88 non.. non.... .' 4s .1 nnn. 81 % 71 % 7 S *i 78 Vi t1 '? ' 1 fl r ?'-?'. 70S I n ' ' 70% 71 . 68 r r. *. . 1. ", en 1,', il' rot: 0 n ? ?' f- V W .11 v 000 . . .98 1; - N W 7s temp 2 non. r, nun 1 '.'.n ,1n1 11 ?? 1 ; 10"% . ir'" 102' ?', d T / ' ' ? ' '? ? . ' ".:. 14,000 . 54 ' Of.. 53 Bell Tel of l'a, 7? .! ]' M elf H '. '""' .101 V ? 1 OU . . . .101 3.000 . 1 i. ! 1 non. ??ir -, no.pi: . : 000. .. 101' !>?!, u ; ; ni -, 000 88' p : a 1.. ,?t 4S 2 000,. 8 6 % lenco l'y r.s 1 nnn . c-1% u 1 .' 1' Ken 4" ?>'"' . . . 7' 7i 1 n 0 n . 71'i 67 % , o. , ? n 1 ' 0 ? kl-, IM ('. 1945 v.,-, 7 7 "4, j 1 n n n . n % 4'i nnn . 67 . . <; 7 ' ; ii'n ? ,' . n 1, ? . ? ?' nterlrn cI'b 1 non .. .104 % 100 ! 0 i.'iO ic.r? 'i if'd. ; tir? ?f'?i?? .m m n..?t If. 000. 29 4 1 r. '1(10 ._ ai rla ' .. On 8,000. 87 '< % ?H t V r. a v t'O fhlii- ' Irid 4.? 1 '',... (' " 1, 1 ? ' . . . c ?. 111 nnn. 1 ?,? 1 noo. ti ' ?' .' "i I, Ifl, o. 1 000.90 lo !?' n 4? t noo . 1 '1 ' ; unit.'-.. G t, V, Fl? ??000. 60% Coi a so 4% s 1,000. 2,000. do 1st 4s I Kan City Term 4s 73 1,000. 72 f 72% 1,000. 72% I l.ono. '. 2 E0 Kings Co IV. 4s stpd 3,000. 54% SI j r)00. 63 % Lacle? ? ? ;:,-. of St Louis 1st 5s _| ?.'iO?. 72'i r.000. . ! 10% I, E & West 1st 5s ?.<.i '">'? ; l.ooo. 82% ?'? "?>?? ? . 100 G ake Sh r ? 4s 1934 Cuba i lane Sugar '. I ? . ? . .. 82 % Comp T?b-U 6s Con Gas lemp ' _ 100% 000 .. .100 del) 4.000. . . . Del & 11 temp 1.000. . . . I. Of 1 0i Den .'.- It G Imp 5 2.000. 7 3,000. 7 : 000. 82% c6 Gehlfc'h Valley 6s .. .'I. 98 % 1.000.98 ; do c m 4%s 04i.il ' ".79% i loo. sn I .'in. 80% Mi-pelt & M 7s 10 000.104% do 5s 5,000, . . 79% f.non.79% 5 nnn. 70S s n o o. 80% I.crlll i"1 Co 7s in 00O.105% i . | I . 86 H4' 7.100. . ( i rfp 6s 64% 49% 4 9 d nnn. Detroit Edison ri? 1940 2.000. 81 Detroit V Itys 4%s 2.000.62 ... 02 V. T V ??? G ci 1,000. SS Erle ,"? u Hi n 4s ; 000. 4 4 77' inn. :. o n ? f. n n 40f.. Void.- * N'ash 7s innr.ii.103' - OOil.1 03 ? do I'plCied 4s ; (! 000. 81 | do St T.ouls 6s i non .... 99% Mmrhr ttan Ity 4s I ft non. 64 ; f, 000. 61 ?i ? 5 uno. 63 'i ! Men l"'-" 4%H 10 non . 3! V!rh ?'? -i .'.-b 4s i r, nM. 77 MV 101 l.Oi 41 % i: i nnn. -ti1? i ' ooo. 41% do cvt 4n sei D 2.000 . 48 V: Cen Bloc deb 6s 4.000. '.9% do .?"i. : .-. I 000. ..... 85% do 3%a 1.000. 67% Ilockliii- Valley 4'.'.? 1 000. 7 3 ? - '.' 000. 73 Hud f.- M rfj? Ts in fi.-.n. ?I 7.-. i. n n n . i. n n o. i.ooo. :' noo. Ntldvnl" f'tecl 6s 5.nnn. 7" 'i, 1 nnn. 7i 1 n nno. 7 2% MInn * Pt D t m : '' ".nnn. 70 do 4s i ;i n n n. 4 . ? j , 1 nno. 4': i non. 47 % M K /!? ?'" 1st 4." ?? nno. 60'-'. 10.11. ?'"' ' - < on. 60% r. i -..'. 61 '. d 1 i . r.i u, 1.000. Cl i 11.000 . fi I i " i noo. 61 ;? nnn . no ; Atl 4f '?ni. s n % V ,-. s S M Ji 5 o n o. 79 ?aelflc gen 4s 5 n 0 0 . 54-% 1000.1 % -, 000 . . do In" mono. 19.000 !. !.,' . minois Centra! 5 nnn. ; oc '?. do i f?r . 61 ? ,:' . '? on i on 1 01 WMMMMMMMMMMMMM. . . i din,_ l ' % i n non. ' . inn. r. o ? *? M H 5 s 68' nno. - : |n Y i lentral col 7 ; .1 p M Interim rets r. nnn.i n- % t nnn..- .102 29 nnn. !!', lllln. ?I 4' : nno,, . . 1.000 . . . mterbom Met 4 % 33 000. % in onn . .. 7S% S() fi oon.... i.; i I 000 . |7 ?ntcrboro |{ T ! '.y f: f; 102 % . 102 .101 -?i 30 000 . i n o, 4 onn .101 ?J ,-, ni-.il.101 Si 1 t onn.1 m i nnn.t .'? t '?? 1 nno.101 ''i ?lu ? 4 non lr,t Ai? Itui i T n t Mer Mai In Ci r. ne. 3.0' 7 n I. 3 i 1 t ,'? ?' I ' . 61 'i ( .? i n non % - 4 ooo . i ;; ?? v? m .,. t non ... 04' " ' B4?v ; non . . . . r, ? i, 2 non . , . ,,/, '?.'.' RI nu ? 'Il y ;-,, f.i 7 000 72 \ ?I,000. 72 Vi do *'* N y fias !'' D '< * Power P m 4s 1,000.. 6 4 . y j Sortit 6s i n n n. 94 -; y ?ya a?1J 6s m K'I' l 000 . . . . 5 ctfH of deposit 4 non . . 4 'i rf>: 4s <-tfs ?.r den 1 onn.%i? ,, Ia ono.nn 2.010.;i, in nnn.Ill % do 1 ont). . . . 7.jr ll nnn. 77 1 ono. ... ' 7074 19 nno.. . raclfl ,-. ?: ec 1 nno. 10 0 no. :. " ono r.lrip.. -i- ?. % 1 nnn. '. " n ,1 ,i ' * ' 3 ?'.vi' : Penn 7s 19:10 2 vnnn .in u S 1 S 0 ' - .i??". ..:::rn.. n n !!U 5 s mfi8 n noo. . I nnn I_ ? fi'l'^::::: *?? :' ""O. . ,,, , ?' en . j : ' 1..::: pos ' "?o.; ,?, do T'-r 4s 11. non.a38f. mono... 15 n'i.1%' 13 non s3oY 4 onn. do eol ts 6 0 0 0 ... . T non'' 'lift n 0 . 1 noo 1 noo lo fl?n n nno* * ' i s Sntltl-r do lu 1 76% 7 4 7-, 7 ! '<; 7r, 74"<, 7 .1 1 ? r 0 ?<, 7 0 n,, 7 OU f 5 n n 0 r, do j? "?ob *$.* 0' 1 nnn r ?tan. r - : rRS ?t. y. i ono c Third '?;. '7 '-f <-? '"on... r /'".'et te 4, ?"". n l ' ' 1s loi, n r * Rt I, ? ?""? A 1 noo , S..- ?r ?,%,?%? non mo dl do '?'" 5 s ,' noo Toi Ft t, .<;.' \v* R non Dnlon r'-r-lflo'c do '';<, fit'.' r'n R,'o n?1 ?5 p .? i o?n 8 i U 71*4 T* <5 T? 10 ono ' ?. s: v r- ^ ,<.%;, :, 26 000 ? 1 n 0 0 ' ' ' . . do 4, . ' " 000 do I? r>|v %' (', '. 10 0 0 ' " %. c 1 OOO ' ' f., ion' SI r. r will have no cause for worry. His income will be smaller but his principal will be safe. Widow Is Left Speculative Stocks Question-?With til? less of rr.y husband T have no one left to advise me, so I take this means of asking you to help me. My husband left mo 160 shares of United States .Steamship Company for which ho pal i $6.50 a s;-ar^: VO'in sha-es of Lyone Petroleum at $1, 500 Allied Oil at $1, 50 Middle States Oil at $24 or $2? Please ?avis?! me what I shall do. I get letters every week from different brokers ad? dressed to my late husband. Some advise him to change with them for some other (no doubt worthless) stock, others advise me to buy more at the present low prices and make my present holdings cheaper, and so on. C. W. .Morse i- Co. send me pamphlets tell'.r.g what great holdings the United States Steamship Company has. but T see the stuck Is only worth about $1.60 a share. Why la the stock worth so little? lu Morse on the level? I have very little money. Will you kindly a,'.vise me if 1 shrill iell any of the above stocks, or shall I Invest a little more money In any ono of the above stocks??Oirs.) M. W. Answer?We do not know to what extent you are dependent upon the se? curities left to you. In any event, all arc highly speculative, and we 6o not believe it wise for you to hold them if you cannot afford to assume risks. Our advice to you would be to sell these stocks and invest the proceeds in sound divi? dend-paying issues. We have heard much talk about the great future of the United States Steamship Com pany. Perhaps it will yet materialize. I; certainly has not done so as yet, and so long as you hold the stock you are speculating, in our opinion. The oth? ers ave oil stocks, about as speculative as one can find. Would you not feel safer and more contented if you pur? chased sound bonds and preferred stocks, 3uch as we mention almost ; daily? Holds Preferred Rubber Stocks ?Question?T have a few shares of Good 1 year preferred and Good rich preferred. ! costing me 91 and 100, respectively. Please I advise as to holding or closing out and ro 1 Investing same In Standard Oil of New Jersey preferred. Which do j ou consider the more secure investments, non-union of Canuda 6%a, 1229, or United Kingdom 6%s, 1929??C. 0. Answer ? Practically all the tire companies have been adversely affected ~ BANK STATEMENTS Executor Trustee Chartered 1822 The Fanners' Loan and Trust Company Nos. 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue At Forty-first Street New York London Farii Foreign Exchange Administrator Guardian Member Federal Eeserve System and New York Clearing House by the recent deflation of prices. T has been said that many overestimate? the demand and in consequence found themselves with large stocks on hand To what extent these companies wil be affected we cannot attempt to say. The Goodyear Company recently passed it common stock dividend. There can be no question as to the su? periority of Standard Oil preferred stock to Goodytar preferred and Good rich preferred. You would place your? self upon a better investment basis if ou made the change. We se? little > choose between Dominion of Can da 6% per cent bonds and United kingdom 6Mi per cent bonds. Four full column? <*/ in* vestment question? and an* surer? are published in The Tribune every Sunday, BANK STATEMENTS BANK STATEMENTS Chiner So. 1,250 REPORT ?.'?' CONDITION OF The Mechanics and Metals National Bank at New Ytrk. In the State of New Y< RESOURCES. a Ixians snd counts, in^ln at the ?Irs?, of business on November IS. 1829. | 17. Checks on banks located outside i .? _.. nr (?_,.,, of reporting hank discount leiccpt shown I ? . ?Mir).*1S7,22?.50S.?3 Accept a.ic?.i of otiier banns li??:oun od. . 1,504,434.99 Customers' l.abli- - iry account of ao ceptan?s M this bank purchased or discounted i.y it.. 49.9n.34 i and other ca?l. Item? t is Uedcmption fund ?1th 17. H. Treasurer and due from V. .,. Treasurer . 13 Into est ?anted but no! collecte?! - - appi m i mate?on Notes and Billa rt?piiv?ti!9 not past due.. 1.401.874.14 2S5.013.?!? 781 850 1 i "Total loans. Deduct: i^l^^^^^^ u Mitos and outs re . Isrounted w*1 t I) Federal Reservo Bank (other tJni bank SCI ..111!?-, sold) (??vi Item 54a I ... $34,?9,00?.?? f Acceptance? .-f other banks payable, at future dare, /?i ar artteed liy tilla bank l'y lri.lorseji.int or other.vls? (see 1..-1U 54c). g Foreign Hills of Exchange or I-irafts sud with '-iil.'rse inoiit of this bunk, r.'jt shown traidor item d abofo (?ce Itsm 54dl. ?1S8.7S3.SC4.92 20. Other asset?. If any".". .'.7...'. '.'. 1 ?87.230.77 Total .|2?7.2W.663.9o LIABJXrTTES "1. c*rt\*im ?t?* P*l? I?.0O?>0C.M ess cunvnt ex P> naea, inteie? and tajes paid. .. ; 1.183.88837 ?.SI7.S8J.? ?54,763.?-, 934 ?7,093.78 -? 35.270.128.29 37>5,:>8v other banks for ac? count or Uda bai.k, and now o'ltiian.ling . ?. fr^ GoYemment securities owned : Dcposl^H $153,513,736.63 4-' 305 97 tienda par va.1 ecu re S 1.6).. Ilat $1.009.000.00 ?I'e.000.04 other (?epo.il s or billa payable. I/oane J . (i ??. ana un? pledged . Iirroiitcd v i t h f-'iate authorl'lcs In accordance w 1 t h 11-K. Fed-rtl Re fcervo Act. Deposited w 1 t h Tro.t. Uop?tmt'i.'. In i-uoriee with provisions of Sec Ilk', Coderai Re? serve Act. 10 495.619 MO 579.S80.50 ?05.1y.09 T..'a! 1". S. Government securities 13.rf0.551.03 Other bonds, securities, etc.: B inda : itli >.' than l'. S. I;r. !.,:-> pledged ti secura postal savinift de- ! r.unds and Kcnrr lies (other lhan V S SM-l! :i"() pledRpd a? rollat ? ?'s ?? ?ir ?thsr deposita (pof . .... ? i) or I -, pa> aole . Securities. J l h e r lhan V. S. bondi i. ut lic'idiii? stocks), owned and unpledged . Collateral tru? : and otl .r notes ? f , ..-porn'i ? . ?? for not l?sa thar: U.-.H Vl-.i.. n. r .:. iru tl an 'J I1RKH YEARS' time. ... Deposltrjd with State autho l.ios In accordance with ).i.-v sloni of Sec. 11-K, IVlor.a lte serTo Ao'.. i 24 Interdi and ? Isoourit ooll?it*d or . crud.ted In a.Ivan.-? of nia;ur!ty ! and not named?(approximate).. r 15 Amount roja;?ed fot tajea ac ! .... T"""-1 . 1.029.654.63 . -0. Anmcnt re? -rred for all Interest accrued . |27. Circulating hoiai outstanding.... j .'3 Not amounts due u> national ""??".lis. 22, HJ.88S.? ? 39. .No. amounts Vri- t.. banks, bank? ers and trust companies In the L'nltod Sta?.,i ami fnnia-n coun tr.e? *" < oUioj- than Included in Item 2!? . 24.W#.?lt.?7 | Si. Certified checks ouutjuidlnf. i:>.iO?.274.8^ ' ;??. Cashier's chocks ou turn bank cutstandlns . S 020,461.1? T.jral tif Items 29, 30. 31. and 32 ?iiy.537.S47.lt ; Domand doposl s (other than ban's ! (lei?>slutl subject to Brtierte ?de poslrs payable within 30 days): S3 In.I riiiual Jepuwits subject t? check . 128.268.969.S:; I 34. Ce titlrratas if (jepostt due In 1? vs than ?0 davs (oilier than for money borrowed). 446,70#.?l 35 State, courp.y, or other municipal deposits -le.-urol hv pledge of as aoM of this bank. 699.368.?4 ; 36. Deposits r?-..- .ring notice, but lea? ** than 30 days. 1.297.4t - Div dends u pi Id. 7.74B 18 I'ntai of demand ?In'"?!!? (other than ..a-nn (??postsI subject to lh-aei-Tr-, items 83. 34, 35 36, 37 .ritrn.lBS.tm 44 > Time deposits subject to Resort? (pay? ai:? af?er 0 days, or subject to I SO days or more r.'otloe. and postal suv.ngs) : 1 SC Co ?iflcatcs jf Cepnstt (other thaa for muncy Borrowed ). 40. SMue. count/, or other ni'..!il?!pal deposits sccjitxi by pledge of aa sits of tljs bank. .4!. I'.n-.tal saytius deposits. 42. OtV-r timo deposits. T?> at ?if timo ?I'Tkx?'J KUbje<-t to HesoTTO. 1'enis 39, 40 4!, and 4?. ?3.79r.'.457.34 j 43. T'nited K'ut'-s de pns 'i (otln " ti an j?. tal savings) a \N >.? loan ?, -posll account . 1,711,909 0* '. b War satltlis ?rer tlfiatj ani thrift I stump depo.it ac I.?03.7?6.M 1.514.814.84 519.937.00 7;.?.004).CI ? OU tl.OJO.090M 533 778.71 IV.ta'. bonds, securities, etc., otlier than V. U. Stocks, oth-ir .??a.:i l"odoral It'-serre Bank stock . Stock of i '< coral Resen ? Baj 1: (50 per c!-::? o' subscription).... n ValU? of banklilR house, ewnesi ajul 7,077,M^ 2-8.f93.07 GOO.000.00 i Z. 000.000.00 83 941.70 19,482,094.99 6.165.266 71 9. l'urrr?ure arid fixtures. Safe De? ll. Lawful rcs.rrfa with Federal Ho serra llinis. ?j Items ?.. th I'e.dcral Itescrro Bank -,- ?on (not avail? able, a? resene). 13. Cash in vault and net anvai.ts ****** .: ? .. banks. 11,501 864.7? 14. Net rimouri's due from tanks bankers, and trust companies In tha United Sutes (otlier than included In Items 1!. 12, or 13) 271.410.12 15. Richanges tir clearing house.... 69.i>7i>.lo7.oj lb. (hecks ot^ 1 44. a U. S. Gmcrnmerit Securities i.or < ?r?l i..",.i.i fumlihing collateral security i fcr tame . i >i I.'. H. (jorTi'^iiiiionM Seciuttfts (K?rr.iw.sl for wiilch c l a frai se^-iniy was fur? nished . S75.3S0.59 ' 48 Bills rayab'e vrlth Federal Re i Eorva Bank. se?'ire.| by ?. S. Government ?- -euriileB. fO. !.-?"-". of Credit and Travelers/ ? ": ks ?o?d 'or cash aJ.d out Btauding. il. a ''Acceptances" ei e< utod by to-, tank for customer*. ?5 554.829.M b "Acceptance?" exe? cuted by other uanka for ?ei-.;\-;;; and mirier rutran teo of tills bank.. 84S.38J.67 Total . ?6,498,^93 61 Less aeej-ptaric-s of th ? bann pur? chased or discount? ed (aco It?'n lc).. 49.921.30 1.TU.IM.M 1.873.S86.H i?.?*fi,?0C.t? 3 29.18C?7 nks in the ^^^^^^^^^^ as repor.iirg .nk (oU.r-r than Item 15). 1.S29.0?3.16 Total.^mnn^^^^ a Liabilities for rediscounts with I'Meral it?erve litidi (see Item Id) . A (s?;itan?-?w i-f other barrss pay ab.e at rutiire date, guaranteed by th!s bail's to' Indorsement or oMierwise (lse Item lei. Foreign Buts of F,i. h.-.uae or Urafts sold with Indorsement of this bank, net shown und?r r?ein a above (see Item If). ?.44S.283.SI *297.260.648.f'i 84.00?.999.C3 i.??,e24.e; ..f Items 1-'. 11- 1?. 1" JS9.738.341. Total rsrtlr.gerrt ltahllltte? (54 a. e. and d) (nit Includ? ing Hems in Seliedule 23) ... $35.170.128.19 ?55 it' th.i lotil loai ? und discounts stk-wm abote, the amount -n which ?-iteirest and discount was chare?*?! at rates tri excess ?>f those permitted b> 'a-.v (Sec. 5197. lav. Sut. i (?elusive of not?? upo:; I ??neu t.? al oiiargo m.t t?j exceed 50 cents was made) was ?ti'.lOS.15?t.47. The number of euch loans , wai 1.372. i Stata of New fork, County of New York, s.*.: i I, JOSEPH S. HOUSE, Cashier of the above- r.amed bank, 3o "solemnly swear that the abof? staw-'uent is iruo to Uio best of my knowledge an ?1 bei.ei. JOS. S. HOI'SE, Cashier. Subscribed ?uid sworn to before mo this 2?'h day or Novemher. 1920. tIKVHY AfrMANN, Notary Publlo. Correct?A'test : Notary ruble. Wwlchrstar Oounty. Cert'flcai? W K S ,:itIS\VOI.D | -ded it, New V(Tk ( ounty. No 61. New York i W It CRAIO f Directors. Cnunty Register No. 1177. rommisalon expires BOBERT C. 1'ltVYN ' Mar? h 30, 192). BANK OF NTREAL Head Offlee: MONTREAE V-stablished Over 100 Y<-ar? Capital Paid l'p. $32.000.000. Uest, $22,000,000. Undivided Profit?. $1,251350. Total Asset? - - - - $560,150,812. SIR VINCENT MEREDITH, Bart.. President SIR CHARLES GORDON, O. B. E.. Viee-Predient SIR FREDERICK WILLIAMS-TAYLOR, Gonerul Manager. STATEMENT AS AT LIABILITIES Capital, Rest and Undi ?J?ded Profits. .$45,251,850 Balance due to Dominion Government. 17,657,120 Bank's Notes in Circulation. 42,378,310 Deposits in Canada .354,118,097 Deposits outside Canada. . . 87,444,770 Bills payable and accept? ances under Letters of Credit . 10.337.P01 Other Liabilities. 2,973,864 $5607150,812 30TH OCTOBER, 1920 ASSETS Cash and Clearing House Items .$136,028,786 Bonds, Debentures and Slocks. 56,155,456 j Loans in Canada. 240,824,531 Loans outside Canada .... 112,637,737 ; Bank Premises. 5,500,000 Customers' Liability under Letters of Credit. Other Assets. 7,836,994 1,167^308 $560,150,812 Verified by Auditors' Report of thin date. Over 300 Branches throughout Canada and i\'cn>foumilar.d and Correspondents in al) countries. Also agencies all NEW YORK?04 Wall Street. R. V. HEBDEN, W. A. BOO, W. T. OUTER, E. P. Hl'NOKRFORD, ?ltente?. CHICAGO, SPOKANE, SAN FRANCISCO?British American ltunk (owned and controlled by Bank of Montr**!). MF.XlVO?City of Mexico LONDON, ENGLAND?(.. C. CAS8ELS, Manager. Offices at 47 Thre?dnce,H* St.. E. C? 0 Waterloo Place. Pall Midi, S. Vf. PARIS, FRANCE?Hiuik of Montreal (France), \\. F. Benson, Manarer; II. J. E. Pope, Aunt. Munajrer. WEST INDIES. ltKITISII GUIANA AND BEST AFRICA?-The Colonial Hnuk (In which an Interest Is owned W ?ho Dank of Montreal). Special facilities for the handling of Foreign Bsohange and Commercial and Travellers' Credits.