New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 27, 1921, Image 13

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New-York tribune. [volume], December 27, 1921, Image 13
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New-York tribune. [volume] (New York [N.Y.]), 27 Dec. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-12-27/ed-1/seq-13/>

Newspaper Page Text

Investment
Suggestions
for
1922
tie '.ir v in .:?-.
V Y K'44 .
A. B. Leach & Co., Inc.
rsttnent Securities
62 Cedar Street, New York
, sicato Bastas Cteestan? Detroit
',. . . - esM>l ? r'r.jbcri?
AUis
Cha'mers
rj discussion o: the
** status of this
is contained in
latest financial
letter; also a survey
urrent market
conditions and oriet
"?es o? several
:ssues having inter?
esting speculative
:-irures.
Copies to investors on request.
]v|cr)ONNELL&Qo
120 BROADWAY
NEW YORK
t.
J?
1
INVEST!NG
FOR PROF3T
....
'? tera
.tments.
I'.'.u?
< opj requenl
last ?.
Moshep^Mllace
S:ock: Bo ?-.' Q
MtMBl ?! .':?: sou t-tANftt
c? sa ? ? ? A \-ORK
33 Broadway | 30 E.-42*? St.
The Story of
VANADIUM
The Master Alloy
Au\ for r.
MARKET
OPINION
IJ. MAcitlASTERS & CO.
eUmitri Cm ?tlldeltd Strci ZxOien.t ?f ?!. T.
12-84 B^oad St. New York
?hmiB-.x: fntlr$ Firit flam
\ Oficci in eight eidss ? eirsct wir??
'< _ Corr^T-f iiisae ?>f nri
"FINANCIAL FORECAST"
hent without obligation
\teS-WoLVK&Co.
S8TABL1SHED 19 SI
^__ ? M?mb?r??
?a?s?I7d*1ef StOT-k Exchana? of Ms? York
N?* VoHt Curb Markst
4> BROAD ST, NEW\OBK
Wacr* -Brood. 2d
RTERNAT
OF
BJROPt
Cali,
fr-e
?w bo?lt
copy 0/
DUE, to the existing
level of foreign ex?
change quotations, the
Government, Munici
pat and Industrial
bonds of European na?
tions are today selling
at prices that should re
suft in attrac ive profits
when conditions be?
come normal.
"Foreign
Investment for
Americans"
is the title of a new
booklet which discusses
the more popular ot the
European bond issues
and suggests how to
take advantage of pre?
vailing exchange rates
igh tne purchase
ot these securities.
Wvl :i. McKenna &l Co,
25 Broadway 25 West 43d St.
NEW YORK
Pateriojl
Pittsburgh
Chicago
PhtUdtiph;
Idle Cars Show Increase
Of 31,689 Within a Week
**POI ? ..!;.: :,(? Car
itv' An .m Rail
*"y Aaso? ' ? ?:: iwed that 631,387
S***nt '' ' because o? bus
a*fls c' ' : ? .-? ?aber ;... an in
*iPa- within a week.
i ,,f ' ? 571.221 were surplus
? ' . id repair, which
;*'' ': tnyuediate aerr
3 !? '- ompared with 33^,03i;
?gfiiV-' r 8' whil- th<" remainder,
uV '? * ' which were in i
?Surplus b?x eari. totaie(i 138,214, an I
?ncreii., Si2l9 compared with fch?
[?"? -. while surplus
JET??*} 50?, an increase
? -*>,Uo within ? samt period. An
Tt***?v " ! Si winch brought the
P** ?' ' ported for stock
Er"? * there ? . ? ..: increasn of
TTL2- i! ' ? " ? tl .mbctr ot
Outlook for 1922
Is More Hopeful,
lu Bank's Opinion
Distinct Improvement in Fun?
(lamentai Elements* Seen by
Guaranty Survey? Further
Liquidation Is Experte?!
Chs distinct improvement in tho
fundamental elements in the business
situation, according to ''Tho Guaranty
Survey?' published monthly by the
Guaranty Trust Company, of New
York, warrants a more hopeful outlook
; for the coming year than was justifia?
ble at the beginning of 1921.
"Due recognition, however," says
'?The Survey," "should bo given to the
fact that liquidation In many line? is
n >t complete. Moreover, it is still
I necessary thai production a some in
j dustrles mus? be severely limited tt
avoid the >erious consequences of tur
ther depression of certain prices on He
count of excessive stocks of goods
in others new working capita!
be raised to replace that whici
was lost through unwise expenditure!
under rising prices. Such conditioni
:. ? '.<?- expected to retan
or lese rogr< evival.
Narrower Price t hanges
' '?'*?- ?..<:.. we have apparent
a period of narrower price
v ? g< . on th w iqIc, thet >? i-; little
apid progress is heing
'.T :;d<- toward narrowing the spread be
relative prices of differed
! classes i L co m m iich mu r >?
the prelude I approximate sta>
Li. ir.ation ol pric< s. 1 i:^ moveme i
vi liout? domestic price indices, vi<
? hat of ; he for
sigi dices, - ii b \\h- a declined
u . support to th<
? :p< tation o lowei price . to thi
;ation of 1 g ? veis in the nea
"A ; g ad mil; fulling prices
regarded a
[precluding a fair measure ot' pros
j perity on the whole. It is possible io
the general bui iness man who has sac
I in putting his house in orde:
and i? not overburdened wirb ?ebt t
make profits under declining price:
I ut .' requires far more busines
sagacity and attention to detail tha
i? needed under the easier circum
stance: of rising prie??,
1'roduction Higher
e most gratifying aspect of th
year's industrial events is the uptur:
during the h.';t few months in the gen
eral volume of production in the coun
try, ? about midsummer ha'
reached its lowest point since 1914. Al
\; i gh ??- .- ' the increase is clearl;
?. influences, there ha
been, nevertheles . f,ince July an up
turn so pronounced that it must repio
il improvement.
"The new revenue act, passed on No
source of genera! dis
appointment. The failure of Congres
to reduce the surtax rates to a poin
that the recipients of large income
be attracted to industrial invest
instead t f non-taxable securi
a erious drawback to busines
reviva:. The relation of taxation t
. . ess recovery should have beer, th
main consideration in the revision c
:: :;?v.. but thi new law has pigra!'
failed in this respect to ?rar.t relic
from the heavy burden of taxatio
' orne for ihr. last thre
years,
"Although tiie law on the whole 1
lacking in the reform that should ha-v
been torthcorr-fng at this time, it cor
tains a number of constructive prov
s ions. The repeal o? the exc?s i profit
tax as of January 1, 1022, is partie
larly important, and the relief th*:
offered to corporations in the futui
th elimination of this burdenson
and intricate tax should assist in t\
revival a?;i? extension of corn-irate a
? ?
City Bank Inaugurates
New Savings Featur
Compound Interest Departmei
Will Have All Characteristics
of Savings Institution
The National City Bank will ?rang
-cite to-day a new service to its clien
by opening at its Forty-second Stre
branch a compound interest depai
ment, which will perform virtually t
sanie functions as a savings ban
Under the law.? of New York State a n
' ; -.: bank is prohibited from mai
taining a savings department as sue
although it may render the identic
service under another name.
Accounts of $1 or more will be i
ceived by the new department and i
terest paid on them semi-annually
the rate of 3Va per cent. Many of t
i savings banks are now allowing 4 r.
I cent on accounts, so that In point of
1 terest paid the National City Bank *
The New\brkTrust Company
Capital, Surplus & Undivided
Profits - - - $26,000,000
___ta t ??_?.. * ~ :
COMMERCIAL
BANKING
j.*a.?Si'aTi'!i_y?
Broadway
wth St. y Fifth Ave.
Does This Meet YOUR Needs?
A TRUST COMPANY o? moderate size,
but with capital ample for security and
an efficient organization of trained officers and
clerks, ready to give personal attention to your
business problems, whether small or large.
A Trust Company which makes a specialty
of Personal Accounts and Personal Trusts?
with a successful record of more than ninety
years in this specialized business.
Net? -fork $Jif, Jnauxattr?. atth
?nisi <??am?p_tty
_D'A"?_ O MERRILL, Preiideat
52 WALL ST. ? NEW YO?_S
?^hdbrBrbmbr ???a
?STOCKS ?BONDS
52 Br__*A_?WAY - NFWVORK;
TEUEPH?WE?BITOAO ??IU
not compete with them. To pay more
than 8H per cent was iegarded as ..,
unwise precedent for a national bar.'.;
to establish in connection with its de?
posit?.
The new department will be opened
by tho hank on the lower floor of its i
offpea in the old Manhattan Hotel
building. The bank i'opes to be able ,
to provide l'aciiitiss for handling the
business of the department'? customer*,
with greater speed than is generally
attained by the savings banks; in other
words, to emphasize competition in ;.
service.
Interest in the development centers j
upon the fact that it is the firrt occa?
sion when one of the large Wall Street
national banks has undertaken this '
class of business. The bank does not
expect at this time to open similar de
partments at its headquarter.' or at
any of its other branches.
Baronne Bonds Offered
A syndicate composed of tlomblcwer
_ Weeks, Redmond _ Co., B. J. Van
Ingen _ Co. and .7. G. White _ Co. |
is offering SI,-64,000 City of Bayonne
school and electrical improvement
bonds, due serially, at prices to yield
4.40 per cent to 4.60 per cent, accord?
ing to maturity. These bonds are legal ,
investment for savings banks and trust j
funds in New York, New Jersey, Cou- j
necticut and other states.
Financial Item
T_a limited partnership of potter Brot_
i em _ C_ has bean dissolved and a, aeneral
! partners^:. us.dar the nama of rotte:- _
I Co. hae been formed, with tha following as .
partners: _Hp_alet N. Potter, J. T_ Puller
Potter. Harold _itr.0.ral_ Graf toa H. I
P_n? aefl P. ?-rndon Doigt. Aiaoc.ated
wltk th? new firm ar? Bernard B. Badtie;' ,
and Adrlaa P. __???_, the latter aa mar.- j
Agor. Ail of the fererotnr were partner? ?
!? tha firm of Potter Brothers _ Co.
Linen Manufacturer Predicts
Rise in Prices in Near Future
Raw Materials Scarce and Demand Is Increasing.
Says William Adams; Retailers
Resent Advances
Linen prices again have beeome a
(bone of contention over which machi
? conversation is lavished in textile cir
l c?es. Retailerj here have become
' somewhat alarmed at the great firm
1 ness of linen prices in the primary
I markets, principally Belfast, the cen
' ter of the Irish linen district, and also
j by the ri?e in British exchange, which
? taken to presage further increases
? the cost of landing Irish linens ia
? i'itry
Retail sentiment runs to the conten?
tion that linen price? are still too high
| for effective distribution. Since the
reductions that hare been made in the
past year, linen buying by consumers
hag increased to some extent, but the
retailers, who come in close contact
with the general public, believe that
consumers still regard pri?es as a bar?
rier to large buying. Up until re
cento linens have been selling in the.
primary markets at ?ess than repla?e
menl costs, and the new turn of affairs
has caused some resentment in retail -
circles. "Linen prices must come I
down," said one retailer, and this sen-1
timent has stirred the Irish linen manu- i
faeturers to make reply.
Writing ?ate last month from Bel?
fast William G. Adams, head of tho
Derryvale Linen Company, says:
"Undoubtedly the most elementary
student in economics knows that price
must be ever a vecy powerful motive
in all business, but has reduction of
priaes increased demand in the case
of all commodities? It is obviously
overlooked that linen is always deemed
a luxury more or less, and with the
general monetary stringency through?
out the world people just now are
rather averse to indulging in luxury
buying. To do ho would b? " ?:nst
human nature as it is constituted.
"Furiher. with the adverse rai.es of
exchange, an extremely large section
of the world, as in moat of the Eu
ropesn countries, cannot purchase
British gooes of any description.
Nevertheless, it will be admitted that
despite these obstacles the public are
not steadfastly refusing to buy linen
goods, since the esport figures of the
last few months prove a gradur.l and
encouraging increase.
Linen occupies quite a different
position to iroa. sugar, coal and
other commodities. At the outset
there are no great supplies of flax and
its price cannot go lower.
it i.? now somewhat higher, since new
season flax rules at 22s. Pd. per stone,
Bf against around 16a. per stone for
old. '.Moreover, wages muy have de?
clined Bomewhat, but they are etill
from 40 to CO per cent above the pre?
war scale. In addition, rents and
other overhead costs have increased
vastly. Especially, too, fine or high
Trade yarn:!, being scarce, have tended
to become dearer. All aspects con
sidsreJ, there is an almost certaintv
that high as prices of linens now are
they mt_t advance Btill more within
the near future. .
"Raw supplies in the shape of flas
are extremely f.eare, and it must be
remembered that flax crops do not come
up every month or can be summoned
by the utterance of some magic phrase
like 'Open sesame.' Such scanty sup?
plies a* are available now must pro?
vide until a year hence.
"Spinners, even at present, find diffi?
culty in obtaining good qualities of
flax for th? best yarn?, and neithei
spinners nor weavers **who manu?
facture the yarna into cloth) will make
yarns and cloths respectively for stock
purposes.
"Financial conditions at presen!
would condemn the spinning or manu?
facturing concerns who did so as qual?
ifying for bankruptcy. Stocks of linen;
available at present are of very mod
erate, if not of slender, dimensions.
"As a matter of fact, whiio no reallj
meticulously accurate data are possible
it is estimated that increase in buyinf
of between 30 to 40 per cent mor?
would exhaust all the stocks of linen;
a.ai?ebl? ta tha tforW.f
FINANCIAL
TO HOLDERS OEP
CERRO DE PASCO COPPER
CORPORATION
f#-Y?sx Convertible Sinking Fua4 tk%
Cold Bonds Due 1931 Issued Ur.?sr
Indenture Date?! January I, t*21.
Notice is hereby (riven that pursuant te
?roviai-jn? of fiecticn 2 of Article Four of the
ndeutuie mentioned above, between Cerro de
Parce ^Copper : orporation and Columbia
Trust Company, Trustee, Bor.da, outstanding
cnd?r sa'?1. Indenture bearing the aerial num?
bers betow h.'tnj, have beeT <irawr. (or re?
demption as of January I, 1922 at 103% eV
Ute p'rir.'.'pii :-\irr ?aereo:, viz:
COUPON BONDS
NUMBERS
120 ?60 2106 3057 428? 5510 ?31? 7t7t
1* m J191 312o 4368 5562 632-t 712?
314 1106 2218 3283 4421 5566 6392 7:60
330 1109 2353 3300 4603 5575 6418 7289
390 ?88 2360 3401 4605 ::6Jn 6435 7290
417 1,21 2433' 2501 467'? 5675 6478 756-?
490 124? 2495 .':21 4733 T80 651? 7585
57 T 1494 2560 3539 4777 5832 6615 7S9C
372 1647 2567 3576 4882 5903 6640 7593
633 1649 2568 3725 4977! 5913 665.1 74f.fi
637 16e.! 2831 . ;.i>2 4999 5924 6o99 76-.H
648 1675 2881 3910 'n.: 6075 6709 7655
?58 J780 2920 -t '88 5121 6)64 67?! 7820
66 : . ' . 41 ; : 5203 6'.78 ?7?ye? 795;
717 :SSt. 2924 4119 5237 6187 6822
74" 1914 2941 415 ? 6191 l
753 2005 2942 4280 5320 (>ll)H 6983
772 2072 3014 '234 5440 6205 7073
TEMPORARY BONO
NUMBER 3776
Upon surrender of each of the abor?
?stet! coupon Bonds and temporary Bond 80
.i:.-- - redempt in ..- the -;~fi-..? of J. P.
Morgan & Lo.. Sinking Fund Trustee-;, ...'.
Wal: Street. New York, on or after Januar)
3, 3 922, payment will be made of the redemp?
tion price of 105% o; the principal mi:-.. A!]
such drawn coupon C lids surrendered musi
have attached the coupons maturing luiy 1,
J922, ai'd subsequently. 'I he coupon on suoii
dra?-n coupon Bonds due January 1, 192 2
n-.a/ he detached and co'.ierted and the inter
est then due oh su :h dra-w :?- temporary Bond
will be p.ii;'.. i:- ac ordance with the tenus
thereof. [nteresl will cease on a'.i such
dra ." Bonds frotn and after ianuary 1. 1922.
> . ?uch drawn Bonds r-,,17 he converted
into stock ci the ' Virr-oration, as provided in
the aforesaid ' :ntu m or before January
3, 1922, the said cate of t>a>Bifr.t of the re?
demption price.
Dated November 1, 1921.
CERRO DE PASCO COPPER
CORPORATION
Hv H. ?sk Molli*. Trtsrurer.
Bethlehem Steel Corporation
Sectored Serial Seven Per Cent
Gold Notes, Series D.
NOTICE OF REDEMPTION
To earl? and every holder ot the Secwed
S?-iiu. ? r-u Vi O . .ji> (I No.en, aero-?
D. cf Bethlehem Steel Corporation, ls
mied unit ? ..' 'ri I" . clHti d
July 15, 1018. between Bethlehem Steel
Corporation. Bethlehem Steel Company
and Banker? Trust Company, a? Trust?e.
NOTICE IS HEREBY GIVEN that Bethla
her.i Steel Corporation has elected to '-".ercli?
lta right to redeem, and will redeem and
pay, on January IS, lfl-U, pll of lta Secured
?Serial Seven Per Cent. Gold Notes of Series
D l en outstandln ; in .
Notes of Series D will cease on raid reder.ip
tior; date, Januaiy 1?. 292:: ; that tho holders
o? said Note? of Serie? D are required or.
?aid redemption dato to present them for re?
demption and payment at the ornea of Bank
era Trust Company, No. 16 Wall fctreet, in
the Bo-eugh or Manhattan, In the City of
N?w York; and that on presentation and
tftrrendei tht-rcof with coupons maturing
on July 15, 102". at said cftVa as aforesaid
said Noteo of Series D will be redeemed
and paid at 100?* of the principal amount
thereof and interest accrued to said re?
demption date.
CONVERSION PRIVILEGE
t.-i accordance with t.'ie provisions of ?a'.d
Trust Indenture the rl?ht to exchange said
Notes of Series D for Consolidated Mort?
gage Thirty-Year Winking Fund Hlx Per Cent.
?old Bonds, Series A. <>t said Corporation,
due August 1. 1 i?4*. now pledged under said
Trust Indenture will continue up to said re?
demption date, January lr>, 1322. The holder
of any one or more of s;>U Notes of Series
I") upon the surrender thereof at ?aid office
of Banker? Trust Company on or befons said
date will bo entitle! to receive In exchange
? ? i et? >! me oi i'0 bonds oi e.\\ i Sei l?s A
of such aggregate principal amount (which
.?hull he $1,000 or a multiple thereof) that
such bonds taken al a, price to yield eU
and pne-half per cent per annum (com
t jted" aci irding to the tablea of bond
values specified h said Tru;r. Indenture),
will equal the principal amount of the
Nu'-'s so aur mdered to ex haiifro, with a
cash adjustment of accrued interest, an!
with a payment In cash i i 'orpora?
tion of thai part of the principal amount
of the Notes for which bonds cannot be
delivered upon any such exchange. Ap?
plication will be made for toe listing of
said bonds, Series A, upon th<j New Tork
Exchange.
Dated, Now Vork, November 2", 1931.
BETHLEHEM STEEL CORPORATION,
by W. V. HARTMANN, Treasurer, i
FINANCIAL .MEETINGS
TO THE STOCKHOLDERS OF THE
OWNERS CONSTRUCTION CORPORATION
.Notice is hereby given that the annual
meeting of tho stockholders of the Owners
Construction Corporation will be held at
the otile ? of the compan: , >,"??. _? West 43rd
Street, Borough uf Manhattan. New Yo: .-:
City, on i!:e 3rd day of January,
2 r. M . tor the purpose of electing i;ir>a
di_ectora for the ensuing yoar, and two i
Inspectors of election to serva at the ne?;
anrual meeting, and for tho transaction
of such other husin'-fs as may properlj
come b-jfore said meeting.
.Datad, N-sw York, December 13, 1S2L
MTER BPBOS, SeorettJJli
New Issue }
??? i
Exempt from All Federal, State, Municipal and Local Taxation
L excepting only Inheritance Taxe?
$2,000,C00
Dallas Joint Stock Land Bank
(Dallas, Texas)
SV_% Bonds
Issued under the Federal Farm Loan Act
Dated November 1, 1921 Dee November 1, 195T
Redeemable at par and accrued interest on any interest cate after ten year? fron ist? ?f lawn?
Coupon bonds, fully refjpsterable and interchangeable. Denomination 91.000. Interest payable
semi-annually. May 1st and November 1st. Principal and interest payable at the
Bank of issue or through an- office of the under_ gnexL
Authority: By \ct of i .ingress these bonds ?re declared instrumentalities cf the Government of. the
United States and are prepared and engraved by the Treasury Department.
By a decision of the Supreme Court of the United States, rendered February 28, 1921, the
Constitutionality or" this Act and the tax exemption features cf these bonds were fully sus
lained. An amendment to the original Act of Congress creating the Federal Farm Loan
System has been passed by Congress which permits unt;? July ?. 1923, cf the issuance cf
bonds bearing interest at the rate of VyY:'e.
Security: Oblig-ations of the issuing Hank, shareholders*' liability being double the amount cf their
stock, and collaterally secured by either first farm mortgages cr United States Government
bonds or certificates of indebtedness.
Government Supervision: These Banks operate u::der Federal charter and Government supervision.
Their bonds and the collateral pledged as security have been approved by the Federal Farm
r.oan Board, a bureau of tl e treasury Department of 'hm United States Government.
A ?egal meettment for ati fiduciary and Trust Fund* under the jxxntdtttton at tho
Federal Government and acceptable as security for Postal Saving* said other deposits
of Governmental funds, and the Banks may be designated by the Secretary ??
the Treattiry as financial agents of the Government and d'-petit trie* al pubtie fand*.
Price 103 and accrued interest
To yie?d about 5.11% to optional maturity and 5^2% thereafter
Halsey, Stuart & Co., i_. William R. Compton Co.
49 Wail Street, New York 14 Wall Street, New York
: .- - itemcnts arc oi?cL_. cr based cr, inform?tico which we regard as rehab!? and ire tin
data upon which we have acted in the purchase cf ?h_? v<7r>_"
FINANCIAL
? F F'." AND SHIP ISLAND RAILROAD !
CO? [PANY
CmST MORTGAGE REFUND?*. O AND;
TERMINAI? FIVE PER ? -PF
GOLD BONDS DUE FEBRUAR- L. 1913.
An arovldei under Section Seven of Article;
Two of the mortgage securing '-- e ii me of
bonus above described, the undersigned, aa
T .. -. >e, ?? ['. ? ? ? ?-.. le - ? a up t
:. P. M. or. January 6, 1922, for tiie sale *
it of such bonds for account of the 81
. . . bufflcient to v\i.a.:.~- the aun of P;< ?
379.57 condition upoi the pi :m.;.-.'. to the
undersigned of that amount on or iePrj
January 3, 1322, aa provided In
gage.
The Trustee reser t he right to reject
any or all tenders In whole or In part.
?CHE NEW YORK TRUST COMPANY, '
formerly New York Security and Trust!
Company, Trustee.
By ?. i - Jr..
.' Sf tstant . - "i:?.
FINANCIAL m eeten gs
To the Stockholders i f 1 HE SEGAL
BROTHERS ? ''.'.. IN .:
NOTICE Is hereby given that a meeting
_ the Stockholders o? THE SEGAL
BROTHERS ? V. INC., will be held
Office of their attorneys, GOLDSTEIN _
PHILLIPS, at No, ?17 Broadwa? the
Borough of Manhatti n, Clt;
on thf! 18th ?lay of January. 1922, a' ' . ;
I o'clock fn the afternoon, to taki actjon |
upon the resolution adopted by the B
; of Directors of the na;d Compan;
i 16th day o? December, 1921, which r?solu ?
tion reads as follows:
"RESOLVED, that i the
Board of Directors I is advisable to dis- i
solve tiiis corporation forthwith pursuant!
to Section 221 of the General <.'???;
Law, and that a meeting at the S'n ?>.
holders be called to be heid at the Office
; of GOLDSTEIN* _ PHILLIPS, counselors
at law, at No. 217 Broadway, Borough o? I
' Manhattan, City of New York, en the 16th i
i day of January, 1922. at SrOu o'clock in the
\ afternoon, for the purpose cf voting upon j
I the proposition that tho corporation b-s !
i forthwith d!?eo!ved." i
By order of the Eoard cf Directora.
President.
?i?W NETHEHLAND BANK OF NEW YOflK.
41 West 34th Street,
New York, Deo. 24, 15'Jl. ,
The Annual Meetln? of the Stockholders '?
at New Netherland Bank of N'e?r York will '
bo held at the Bunking house of said cor- i
poratlon, 41 West 34th Street, In the City '
| of New Tork, on Tuesday, tho 10th day of I
?January, 1_?2, it 4 o'clock p, m., Cor the
I following purpose:-, namely:
To elect directors tor the ensuing- year.
To transact all surh other business as i
rr.ay legally come b*?or<> the meeting, In- !
eluding the approval and r.-_!n>atlon of
all action of the Board of Directors and
o:' th* Executive Committee since the last
! ar.nuai meeting of the Stockholders of this i
| company. I
j Foils will be open from 4 p. in. to & p, n.
Dated, New Tork. Dec, 24 lr'21
WILLIAM F. H. KOBLSCH, President.
CURTIS J. BEARD, Cashier (Secretar?.) '
NOTICE OF ANNUAL MEETING S
OF STOCKHOLDERS op
BARLEY MOTOR (AR ? OMPANY, INC.
The Annual Meeting of the Stockholder? !
of the above named corporation will bo
he'.d on the Ninth (9) day of January, A. !
D.. 1322, at twelve (?2) (.'clock, noon, at j
the office x>f the corporation, C7 Wal! !
Street, Bo?oush of Manhattan, City,
County ?.nd State of N'e'.v York, for the I
purpose of electing a Board of Ftve (5) i
Directors, and receiving and acting upon
the reports of the ofr!o-?rs and for the
transaction of such other business as may
properly come before tho meeting.
The Transfer Looks of the Company ai
to the Common Stock will be closed from
tho close of business of December Twen
I ty-flrst (21st). A. I). 1821, to the close of
j business January Ninth (9th) A, D. I'FiC.
Dated, December Twenty-first, 1921.
_GEORGE B. HOPKINS, Secretary.
NOTICE OF ANNUAL MEETING OF
G_L_ ?LAN. COMPANY., INC.
I THE ANNUAL MEETING of the stock
I holders of this Company will be held on
tho 9th day cf January, 1922, at 2 Pc!- -k
j in the afternoon at the office of the Cor
i poratlon, 117 Wall Street, New Vori- City,
New York, for the purpose ' ill itlng u .
\ Board of Director.?, two Inspectors to servo
! at all elections of stockholders during he
! ensuing year and receiving and
; upon the reports of the officers a
'ihe transaction of such ether business as j
muy properlv come before the -Tir.?
CHARLES A. GILL, Secretary.
Dated, Deoember 8, 1921.
MYRON W. ROBIN? IPANY. INC.
Notice is hareby g.\-:i that the annual:
meeting of the stockholders of M;? a W.
j Robinson Company, Inc., wlM be held at
! tbe office of the Corporation, R- om No. 19, '
ninth floor. No. 35 Y\'all Street, Boro us n !
of Manhattan, New York City, on Tuesday, ?
January 10, 1922, at ten o'clock In the
forenoon, for the election of directors tor
the ensuing year and for th? transaction
of euch other business as ir.;?y coir.o I fi
th? meeting.
Dated, New York. December ?7, 1821.
SAMUEL A. BMITH. Be r--'T
NOTICE IS HEREBY '< : l VEN '?'HAT* THE
ahi.ual meeting of Stockholders of P. n. \
CoNKLIN _ W. G. HARRINGTON, INC., a
corporation organised uad*r the laws
the State of New York, for the election ? !
directors and the transaction of ^?P' <_h-jr ?
busii ess that may property c ?: .- b< fore tho ;
-meeting, will be h-ld at the office o?the
? Company, No. 60 Church street, New Yorit
Citv, on Wednesday. January 4tb.
? (8l_ae_) W. O. HARRi_r;T''':-'. a-c'r>
l22 Years of Economic Development &the Bank of the Manhattan Company
The effects of Immigration
m HE increase m population and the
JL addition to the labor force through
immigration was a matter of considerable
importance in the economic development
of the country. The ?rst great wave of
immigration, 1845-1854, was
chiefly Irish and German and Eng?
lish. Labor was supplied to our
fast growing industries. Many of
these sturdy newcomers pushed on
to the West, took up farms and
developed them. The movement
of population and the whole life of
the country was quickened by this
infusion of foreign blood.
* * *
In the X22 years of its existence,
die Bank of the Manhattan Com?
pany has made it its responsibility
tG study the broad sweep of busi?
ness, utilizing its great number and
widely varied contacts to cote ac?
curately new tendencies, new con?
ditions that may affect its customers'
affair?.
Bank of the Manhattan Company
CHARTER?
?79?
40 Wall Street, ^ew York
OTFlCB%?
STEPHEN BAKER RAYMOND E. JONES
'Trtititni First Vtcs-'Pre.'idewt
O. E. PAYNTER. Csshitr
UrrowN Ornci?3 i Unitn Square, Ntr? Tsrk
Baocrxiw OfiiCM?fir. Joint 'Plaes end Cyfrets Hiils
gi'isa? B-T.ooo? Orricis?Jamaica, Fh>Ai*[, Leng Island Gif, F*v
Rocka-xay, Rsckd'jcay Park, Rackowoy "Btoth, ixasdt, Kkkmeni
Hill, ??mhuri, MaspeiA, Corana, C*Ui?? foin, tVxtihcvtn,
Srnklyn Mamr, R:j?iv?d, Frtih Pend
Capital $5,000,000
loHN Stewart Bake* Surplus and Undivided Profits, $17,520,682.99
FUe-PrtiiaeKH
James McNeil
B. D. F?rster
Harry T. Hall
Edwin S. LAffKY
P. A. Rowley
P. H. PlERSON
Frank L. Hiltos
V. W. Smith
Ass'f Ctshiert
W. F. MoORR
?. S. Gregory
H. M. Bucsxnt
W.A. Rcsh
Gco.S. Dowwnto
E. S. Macdonau?
O.G. Alexandra
C. W, Cam?
FINANCIAL MEETINGS
BANK OF WASHINGTON HEIGHT?.
NEW YORK CITY.
ANNUAL, STOCKHOLiDERS' MEETING.
"h? iiinual rmetlng of the stookholdera
of tho Bank of V/auhington Heights will
be lit la at t'ne Batik, Tuesday, Januar; '?"?
from 3 p. rn. to 4 p. m., for the
of Directors and ?uch othvr business as
may come before tb? meeting.
JAMES J. O'SH-Vt'OHXEPS?,
Vice-president.
WASHINGTON SAFE DEPOSIT COM?
PANY NEW YORK CITY
ANNUAL. STOCKHOLDERS' MEETING
Th" annual meeting of !c- Washington
Sai? Deposit Company will b-i hold at tho
batik. Tuesday, January 10. trom 3 p. ;-.i.
to -4 p. ax., for the election of D.
und Buch other business as may com? be
toie the meeting.
JAMES J. O'SHArOHNESSY,
?I Vlce-Presi.?esst.
FINANCIAL MEETINGS
THE MtTUAL BANK
New York, December 2?. 1521.
a -is hereby given that the annual
?t.'ijf of the stockholders of the Mutua.'
h for the election or Dire'tom ;in,? t?-,?
: "an sat.'i ion of such other business aa may
come before the meeting;, will be U_l_ at th?
B;L!i.t, No. 40 to 61 West SSrd Street, i--. tr-~
Borough of Mrinhattan, City of New York, :
on Tuesday, the 10th day o? Januar-', 192.;'
at three ?? ? lock p. m.
HUGH N. KIRKLAND. Cashier. 'I
THE BANK OF ________
New York City, ! eeembei tt, '921.
annual meeting of th? stockholders
Bank for the election of Director?
_:.?'! for the transaction tter bus!
? may proptily com" bet?re the
...- will be beld at the __ce of the
; Bark, ,1 Wail Street. New York Fit:-.
? Tuesday, January 10, 3,823, ?it :
? | _ .:. ?_!s wi:: n ?In ?:. until .
CHARLES F CURT!? Cashier.
FINANCIAL MEETINGS_.
THE ?5ECIRITTKS COMPANY
NOTICE OF ANNUAL, MEET?N'O.
The Annual M?ftir.s o?" the 8to< khoi-i'-.t
0? THE SBCTIRITiaS COMPANY ?Ml. bd
held a-t the offices of ih? company No ?*
Hroud Street, N*w Yofi City, on Thursday.
January 12th, 1?::. at 2 o'clock s>. m.. for;
tho election of Directors and f jr the tr?n*>-,
action of any othirr business tta' m*y oszaaj
before ?suid cneainc*.
EDWIN O. WOOTM.INO, Seerotary
COUPONS
"UNITED STATES REALTY"~ftr
IMPROVEMENT COMPANY
. i '. ? '
--.her 31. 15. .
The Coupon? on tht? Company's 'Iv*u:
year ?ea - an Jar.ua;-,
~:s< ffe*( ? January ?nd upt&
T^'t.:-.: a <?? ti '? ??'?? puny ? office, Rooia
? .ling.
A! BERT ?fHADLOCX, Treaww.

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New-York tribune. [volume], December 27, 1921, Image 13
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924