The Sun and the New York herald. [volume], March 18, 1920, Page 15, Image 15

About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

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THE SUN AND NEW YOKl HERALD, THURSDAY, MARCH 18, 1920.
15
TRANSVAAL GOLD
OUTPUT DECLINES
BRITISH DRY GOODS
FIRMS ARE MERGED
Dccrenso During: 1919 Is 38dr
711 rounds Production
lowest Since 1911.
Large Interests Expand
Buying Big Stores.
by
HIGH WATER MARK IX 1916
Jnbor Shortage nnd Dimin
ished Efficiency Hnvo Brongltt
Down Tonnage.
Frecitl Corretpondence to Tne Scs asd Niw
YoaiC lltBALD.
T.o.snoN, March 2. The Johannesburg
correspondent -of tho Financial Timet
f!,vs tho following JntercstlRR review of
tlio Hand and Transvaal cold mining
Industry lurlnB 1919.
"For tho whole Transvaal," ho sap,
"tlio Fold output at tho stnndsrd prlco
of 4 247' per fine ounco was valued nt
fri.aS3.074 against 35,"C,CSB In 1918.
This l a drr of 3S414, and seldom
havo return for consecutive yearn cor
responded so closely. Tho aggregate
output Is tho lowest since 1911, when
tho total was 35.041,485. Since 1910
ttierc has been constant retrogression,
tho drop In 131S being no loss than
t2.533.233. High water mark was at
tained In 1916 with 39,489.522 nnd,
coirpared with that year, there has been
a shrinkage of over 4,100.000. It wtll
bo recalled that 1918 was an 111 starred
year, with Its consequent shortage of
laior, which has prevailed ever elnce.
I.hor shortage nnd diminished effi
ciency have brought down the tonnage
f.,r it '"o!e I' dustry from 23.207,302
to 24.412,432, a decrease of 855,000 tons.
Wneo 1916 the tonnago crushed has fal
len from 29,250,000. Diminishing num
ber of slope faces at somo central mines
and tho economic elimination of rertaln
low grado mines are contributing fac
tors, though not, perhaps, very slgnlfl
cunt, as tho labor released Is being em
ployed on other mines.
"But whllo tonnago has dropped,
grade has Improved from 2Ss. Id. to 2Js.
8d Fortunately, thts tends to neu
tralize 'ho fall In quantity of oro milled.
In four years there has been an Im
provement of 2s. 4d. on the average
re -oor of Hand gold mines. This Is
du -it course, to fhe over Increasing
r mnrmtlon of oro from tho rich tho
3."s 10s. and 45s, Grades mines of the
lar Kas-eni Rand. Improved recovery
vs worth ESOO.OOO to tho Rand last
year, while the Improvement of lOd per
ton recorded 'n 1913, represented about
fi.000.noo. This grade Improvement Ijas
an importani'o which can scarcely bo
overratcl. Otherwise the whole Indtts
trv would have been eaten up by cn
b ,nred working costs, which have risen
r.o less '.lian 5s. 6d. per ton In the four
ye..r In 1915 he average recovery
n-.s 2Cs. 3d. and for 1919 working costs
w re exactly 23s. (an advance of Is.
4'l on the year). So If tho grade to
ri., y uero no better than It was In tho
second year of tho war. tho profit per
tin would be only 3s. 3d. This wnuld
e lriKDond with the amount required
frr amortization of plant nnd mach'n
eiv ds. 9d. per ton), and of the price
p ven for tho property, which has been
injured out at Is. 5d. per ton. Thus,
with these coincident conditions, the
Hand Industry would have been entirely
unprofitable, no margin remaining for
remuneration of capital. As It la the
proflt Is only about 5s. per ton, taking
csis nt 23s. 9d. with the increased
phthisis assessment.
"Taking the Rand figures by them
selves, the production was 34,454,473
ompared with 34,823,017. The stamps
employed fell from 8.583 to 7,936, the de
"ea5e -n tonnage being 879.000. With
tho exception of 1914, (ast year's yield
was the lowest since 1911. It will be
recalled that 1914 was the year of the
miners' strike, while the growth of the
Far East Rand in the start of milling
by tho Government Areas and Modder
Deep had not commenced to make up
the leeway already observable on tho
Central Rand. In 1915 there was an In
crease of 2,612,300 tons, nnd of 3.150,.
Ono In output. Recovery In contrast with
the rising trend of 1918 haa been re.
markably steady, th average for the
Mar bring 28s. 7d. Besldea the greater
contribution of tho Benonl Mines, solect
r n, i.ing at certain low and medium
giade mines has been tho only alter
n to cluing down altogethor.
"Urease in costs to what Is really a
d.mgemus figure of 23s.. coupled with rc
flui tion in tonnage, has brought the
proflt of tho Rand mines down to 6.
6"5.r,0D. as against 7.500,270 In 1918,
10,223,633 in 1917, and no less than
fll.630.u00 in 1916. Only In the last
two years has the aggregate fallen below
flo.000.riO0 since the Chamber of Mines
has collated profit statistics. Tho total
la 5.600,000 less than In 1912, nnd
5.500.000 below tho proflt earned In
5. 25O.O00 below the proflt earned In
1508. when 6.000.000' tons less wero
crushed. The misfortunes of share
holders in Central, Western and Near
East mines have brought prosperity to
the Hand, aa an ever increasing proportion
cf the sovere.gn has been retained in the
country. Five shillings a ton on 24,000,-
000 tons means 6,000,000 of which
1 lie major portion is spent among the
IUikJ community. Tho mines aro
at'ually spending 27,500,000, against
16,250,000 in 1903. They aro now
crushing a third more tonnage but
making not much more than half the
proflt"
London, March 17. London's depart
ment store business may pass Into the
control of a comparatively few big In
terests If firosent tendencies bq main
tained, says the American Chamber of
Commerce in- London. Dig stores aro
reaching out and purchasing other bis
stores, but, It Is Interesting to note,
propose to maintain them as separately
managed competing units.
In that way Harrods' Is purchasing
tho business of Swan Sc Edgar In Picca
dilly Circus, having absorbed Dlcklns &
Jones In Regent street. Harrods', the
CharWber polnta out. Is firmly entrenched
In South America, where n big business
hearing Its name In Buenos Aires has
Just absorbed anothor larrro department
store In tlut city. John Barker of High
street, Kensington, hu bought up Pont
Ings and Derry & Toms, practically
bnrkcrlilng the entire locality. Solf
ridge's, the famous American store bear
ing tho name of Its owner, originally a
Chlcagoan, la another factor In this
movement.
Tho value of advertising as a selling
forco Is becoming more realized In Brit
ain and operations of big btoreu are
conducted on so vast a scale that almost
any field Is open to their exploitation.
It recently waa pointed out by tho man
aging director of ono of those Interests
that tho bUr store, or group of stores,
had tho advantago of being able to de
velop tho manufacturing side of Its
business. Tho more extensive the store
the greater power It has to absorb the
output of factories which It controls.
Another Interesting feature of the de
partment store trade In London. Bays
tho Chamber, Is tho amount of mall
order business with provincial towns
and even with tho British colonies and
dominions, Tho mall order business
done by tho blgfiest American depart
ment stores Is said to be only a very
small fraction of that done by big Lon
don stores.
EXPORT FIRM FAILS;
'l.S. LEADS BRITAIN
J IN MOTOR INDUSTRY
EXCHANGE BLAMED .er w to
mane ueuer uestgna.
London, .March 17. In tho view of a
VALUES ON CURB I
' RISE MR' CLOSE
Georgo Jlogonsen Executes As
signment; Thrco Creditors
File Petition.
British autombll expert, reported by FilMl Ho'ur ActivO Bidding
tho American Chambor or commerce in
Sends Trices, Principally of
. Oils, to Stendy Levels.
Trices In, tho curb market followed
6500 Silver Kin of A. A
S000 Silver King DlT.t
1000 8 Sllrer Lead..,, f,
lfOO Stewart Mln ...,t 19
1500 Roceesa Mln t
lOOOTonopah Belmout ill
7600 Tono Divide JW
WOO Tonopnh Ext 214
2500 Tono-Jlra D t U
SJMTononnh Xtm 2ft
iWOTonopah Mont,,t 16
2000 Tono Kescue E..t 32
MOO Tentlakamlng ...t 0
IMO Threlhewiy t 42
C000 U 8 Conllnental.f I
too United Eajtcm... 3(1
3000 Victory t
45J0 We End C 2
U700 White dps. f 14
1500 White Caps Ext.t 3
45800 Wflbert 11
1500 Yerrington t 5
77
05
Inndnn iinv wyntrant of thfl American
and British motor Industries Is primarily
affected by the fundamental difference
In the respoctlvo home markets. That
report, says the chamber, claims that,
HnnAMuUnt.it rlftmnnit fOP Cflrfl bV 1
t I , U U.I.I, L-.VWV..,V - - ' i 1 H.I.-D
tt i n'rr i i.in nmrii .1 , , ' - ... . i - i - ..........
lilAJJIJilXlUO l HU muwiw American P " ' yesterday an uncertain trend during the vm AIllcJ VKck""?i
Oy is jurtinrt li embarking on nrst four houn, of trading, huf In the 2.000 Am To. 6j, 05
n . t TT..,in Tn,1!nf mnn 4- scale of product'on which would mean luist hour tliere was active bidding, which tooo Kelrium (its, 'ii 97H
Portlier IS UllUCr inUlCimoni BUCus fr the British manu- value, n-incinaii. in tnc oils, up SS? "8!?,m P tt. '23m
I factUrer. . .. tn vwv utrmrlu Uvln Th volume Of ItlKKl (ln P.lplri ''"' ilK
Owing to the scalo or production re- Inter K T 7 7J
qulrc'd to meet the home demand the business increased appreciably on the 10000 ituwian Oov tiis! 33
United Stntes manufacturer, It Is said, late rise nnd caused a run-in of tho JWJ """'on v JJJj
can In addition produce for a price to t)torcst Te" CoG?,Vw'i
world's export market for his output. In tho oils Slmms Petroleum, White.
A Britain etinnot produce cars to com- Oil, aillllnnd Oil, International Petro-I CONSOLIDATED EXCHANGE
pete on cost In the world's market?, the k.mni Tropical Oil, Midwest Refining, ,
on Charge in Connection
With Another Company.
The firm of George Mogensen, export
ers, EO Broad street, nuapcndcd business
yesterday aa tho result of tho present
foreign exchange situation, and "a
23
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14
IS
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ion :,i
Business Troubles.
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00 ..
m -
73 -1
32 -Ut
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Sii -W
only thing left ror wo urm n Houston Oil. Carlo Syndicate nnd Salt
i Hirer to do IS Wlievea io cnum ucim ,,.,,lr ,, -.u.-i, ,. n,iJr nrpssure lnr ,HMn,) io(lnn 1,., i Pniol.
comblnatlon.of circumstances, some of designs. d'urlng the early part of tl.o session, ad- ble Steel Comoanv vestcrdav the Consoll-
whtehhavetendrttohMirert not b en rap,a.y and closed very nnn. .fTVI
also Docame nrm aiier .v.. -
Under the Impetus of tho 00 per cent.
Ing credit of tho firm.' A general as-1 cnamber ponta out, and remarkable
Blgninont. for tho benefit of all creditors effortH w)u b0 nc0lj(.d before tho British
was executed, and all partnership ami m!inufileturcr can ead America In de-
Rlgn, because during tho last live years
the American Industry has set Itself to
SAY PRODUCTION OF
BRITAIN NOT SHORT
Claim Buyers Fnil to Get in
Touch With IMght Manu
facturers Is Made.
ADOPT DIESEL DESIGN.
Tiro Cycle Engines to lie Used la
British Merchant Vessels.
LoxnoM, March 17. Tho American
Chamber of Commerce In London is In
formed that the grctit engineering and
Hiipbuiidlng firm of Armstrong Whlt
vcrth, realizing the vital Interest of tho
rap:l production of British merchant
shipping and tho great future of tho
L.fii cnglno for (hip propulsion, has
ecquired a license to manufacture and
'ell in Britain and her colonies two
tvele Diesel marine engines embodying
the best features of the Sulzcr system.
The two cycle principle has been
adepted on account of the proved relia
bility and efficiency of that type of en
gine, its high ratio of horsa power to
rite and weigh"! and Its ability to run
on the cheapest fuels on the market.
It Is understood that engines of that
ti'to, aggregating moro than C00.000
h h, p., have been built, and experienco
rained In their design and manufacture
will bo avallabto In producing new en-tines
SpIaI Correspondence to Tiie Son and Sw
Yoek Hkbai.d.
Londo.v, March 2. British manu
facturcrs aro beginning to complain of
tho general Impression, which lias gained
ground abroad, that the cntlro produc
tion of England is booked up far ahead
and buyers would waste time by trying
to obtain goods here for early delivery.
The Export Mail asserts that the diffi
culty Is that buyers fall to get In touch
with manufacturers who could fill thoii
orders.
'Within the past few months,' ac
cording to the Export .Uoi7, "travellers
from tho United States, Canada and the
Scandinavian countries have returned
home disappointed. Everywhere they
have been met with the cry that orders
are larger and moro numerous than
over whllo deliveries cannot be promised
for any special date. These reports
have spread until there Is grave danger
of wants that could be supplied being
unsatisfied merely because the are not
known to the firms who, could supply
t'1Pm- .. . i
"Tho aftermath of wartime restric
tions resulted in nearly nil countries
finding themselves denuded of textile
goods. For a time, even after the armis
tice buyera held aloof from the British
market, hugging tho delusion that prices
would collapse. Then followed a frantic
scramble for precedence and all sections
of the textile trade In tho United King
dom were deluged with orders. In this
ruth for necessities wealthy private In
dividuals from European and other
countries were a by no means nogllglb,lo
factor. From Norway, for Instance,
came to Loudon large numbers of peo
ple Intent upon replacing their worn-out
drapery, whether used for furnishing or
personal adornment. Retailers have
never experienced such a demHnd as
that of the past year, and difficulties
wero further Increased by the constant
call for the highest grade goods on tho
pari of the home consumer. Manu
facturers were in consequence unable to
keep pace with the demand. Their ef
forts have been handicapped by tho ris
ing cost of raw materials, tho scarcity
and high prices of labor and the diffi
culty of renewing or extending existing
machinery. But it would be a mistake,
especially for buyers with a predilection
In favor of British goods, to lose tlmo
and opportunity by turning elsewhere In
tho hope of getting their requirements
fulfilled.
"Many difficulties under which Great
Britain Is laboring aro but transitory
and will gradually diminish. Produc
tion is on the up grade. The Improve
ment which has taken place In this re
spect will in all probability contlnuo
and becomo accelerated as tlmo goes
on."
personal property was conveyed to Will
lam C. Fltts of 38 I'ine Btreoi,
The only partner of Mr. Mogensen In
tho exporting concern Is Geromo S. Du
mont. who with Capt. Solomon Shul
dinger of the United States Brokerage
and Tradlmr Company Is now out on
$25,000 ball on an Indictment charging
I him with having defrauded tho Oovern
(mont to tho exfnt of 1100,000. Dumont
iwai nrralgncd before Federal Judge
Foster on August Accoruing 10 u
statement Issued at that time by Mr.
FItta, as counsel for the Mogensen com
pany, the export concern was doing a
lango and flourishing business. Mr. Mo
gensen had nothing to do with tho
transaction for which his partner was
indicted.
In a statement Issued by tho assignee
(t w.n stated that although the f"nro
will aggregate llab llt'cs of about $2.000
000 the .irsets amount t consiucranu
more. If they ran be realized! upon.
Neither at Mr. Fltts's office nor at tho
office of tho exporting firm could the
character of tho assets bo learned.
llumnntnn Owe 400. OOO.
"The suspension of business was ne
cessitated by a combination of clrcum-
tanres, somo of which have tended to
hamper tho banking credit of the firm,
but tho Immedlnte cause was tho heavy
difference In exchango during the last
few months, taken In connection with
the refusal of payment by Rumanian
merchants to the amount of over J 400,
000 of Invoices," the statement said.
"This brought about an acute situa
tion which prompted Mr. Mogensen to
come homo from the rarl3 office, where
hp has been making his headquarters
continually slnco his dlscbargo from the
United States Navy, and upon his ar
rival here he waa despite the pros
perity of tho past fearful that a fur
ther attempt to do business might re
sult In Injustice to Innocent parties, and
i-onscquently Insisted upon the courso
which has been taken and which was
rendllv acceded to by Mr. Dumont."
Following tho malting of the assign
ment, an Involuntary petition In bank
ruptcy was filed on behalf of threo credi
tors with claims aggregating $2,217, by
H. and J. Lesser, attorneys. Tho West
ern Union Telegraph Company was the
largest creditor, with a claim of 31,000.
Tho others were Charles Vialo & Co. and
Morris S. German.
The United States Brokcrago and
Trading Company, of which Mogensen
and Sbuldlnger were officials, dealt In
shipments damaged In transit on the
railroads and refused In consequence by
the consignees. The railroad, then under
Federal control, turned the goods over
to the brokeruge coi:vany, which, ac
cording to tho agreement, was to receive
10 per cent, commission and costs for dis
posing of them.
Chnrtfes In Indictment.
The Indictment alleges, that Phuldlngcr
and Dumont entered Into an ngreemcnt
with Charles E. Johnson . .id Robert
Lowrle, employees of the Jersey Central
Railroad, who also were Indicted. It Is
stated that the defendants retained a
large part of the proceeds of tho sale of
shipments Instead of the 10 per cent,
agreed upon.
At the time. of Dumont's Indictment
Mr. Fltts, as counsel for George Mo
gensen. Issued a statement in which
he said the Indictment had absolutely
nothing to do with the exporting fiim
In which Dumont was then a managing
partner. The indictment, Mr. Flits de
clared, was tho result of a controversy
between the Railroad Administration
and a small business house, the United
States Brokerage and Trading Com
pany, which was organized by Mr, Du
mont some time beforo and with which
he had no active connection after his
activities were transferred to the Mo
gensen business.
lie said the transactions alleged in
the Indictment took place at a time
when Dumont was drawing absolutely
nothing from tho brokerage company,
and that no pending or future liability
could- come upon Dumont cither to con
fuse or financially embarrass the firm
of Georgo Mogensen. ,
Dnmtnlnn fill
selling nbout 2 points net lower In the with Bharpgalns, but almost Immediately
forenoon. began to sell oft under pre?sure of proflt
Industrials were not as In the tak Supplementing tho selling of
closing hour as were tho oils, but their , ' , , . v .
. , .... ,... l.... this fnnrnrtnr ihn nrffHniTH or bear-
study deH:gn and embody all such jvhl down from 'hly Inclined traders carried .prices
edgo necessary In Its own practice.
lftdi.'. tt. mi nrmimi mirtrlav. tnado ud down to levels Bhowing substantial losses
sovcral points, and covering occurred in " nwu i.nccu lasuuo uu , r-.u-
TO MAKE FARM IMPLEMENTS.
Irish Asrletilturnl Cooperators to
. Convert Munition Works.
London, March 17. American manu
facturers of agricultural machinery
will f bo Interested, says he American
Chamber of Commerco In London, to
learn that a large venture Is contem
plated by Irish agricultural coopern
tors for the production of agricultural
Implements of all kinds In Ireland.
I Negotiations are understood to have
'been concluded in Dublin between the
j Irish Farmers' Union, comprising C0,
000 members, and several Irish agricul
tural cooperative societies, fcy which an
option has been obtained on Kynoch's
great munition works at Arklow,
County Wlcklow. with tho Intention or
converting It Into a cooperative agri
cultural factory to supply the needs of
Irish agriculture and Us related Indus
tries. For that object It Is proposed
to raise without delay a sum of
250.000.
According to tho Chamber, It Is tho
intention of thos Interested In the un
dertaking to start work on agricultural
castings, develop them Into agricultural
machinery and ultimately turn out
everything that a farmer requires.
HAN ENGLISH SUGAR PLANT.
Kew Company to Build Faetorr on
Xottlnghauialilro Estate.
London, March 17, According a
ttport received by the American Cnam
t'er of Commerce in London, the Kel
nim estate at Newark, Nottinghamshire,
oxned during the war by the British
Sugar Bet Growers' Society, will be
transferred during the next few months
to a public company called Homo Grown
'urnr, Ltd. Tho new company pur
losej to build on It a sugar factory, tho
Uns of nhlch are well advanced and
pprr,achlng completion.
The chamber understands that tho
Kuham enterprise Is all British In con
"ptlon and control and will have tho
itrong and practical support of tho
itish Board of Agriculture without
advanUffta ot st&to control.
LONDON STOCK MARKET.
London, March 17. Closing: British
6 per cent loan, 875; British 4H Per
cent loan. 79; Atchison, 110; P-'tl-moro
and Ohio. 43; Canadian PecMc,
163 ; Chesapeake and Ohio. 75 : Chicacn
and Great Western, 11; consols for
money, 471j; St Paul. 52: Denver and
Rio Grande, 11; Erie, 20; Erie 1st
pf., 31; Grand Trunk. 6; Illinois
Central, 120; Louisville and Nash
ville, 140; Missouri, Kansas nnd
Texas. 13; New. York Central, 100:
Norfolk and Western, 127; Ontario and
Western, 27 : Pennsylvania, 56 : Reading,
112; Southern Railway, 32; Southern
Pacific 132; Union Pacific; 160;
United States Steel, 130; De Beers, 20,
and Rand Mines, 4.
RUMOR RUBBER PROJECT
IJlB Interests lleported After Ger
man Trade on Barter Ilnsls.
Special Corretpondence to The Scn ard New
Yoruc HtaALD.
London, March 2. Reports that some
sort of huge rubber syndicate Is In con
templation by big interests to be orga
nized with tho vlow of supplying rubber
to Germany on a barter basis have
nir mTfl fim I mA i United Retail Candy, the tobacco shares Ink' quotations, In tho Into trading the
RAI; III K A KS HI Und Submarine Boat. ort driven rapidly to cover In
Dillillv UlxlllJlJ IV 1 Mining shares were dealt In over a Baldwin Locomotive particularly, and Uu'
REVISE CURRENCIES
hrond list, hut nrlea changes wero with- strength of that issue, ns well aa the
out Imrortance. Interest ccnticd mostly other equipment and steel shares, carried
In silver shares. In which Eureka Holly ,me wnoio industrial nst rorwara.
British Bankers to B ffanizc been
Honeys of Threr mx;
Governments.
, commanded much Interest.
Bond prices moved within a narrow
range and were not as active as they
l-n-n K n
Total sales and range of prices fol
low :
INDUSTRIAL
Salei
The vigorous buying of Baldwin Loco
motive in tho lato trading caused Its
price to advance from 123 & to 135, or a
caln of 11 points. At tho same tlmo
American Locomotive moved up from
HD'i to 105, Pressed Steel Car from 08 to
102 Hj, and American Car nnd Foundry
Special CorretpondfM to Tnx Sun axd New
Youk IUhalii.
London, March 2 Great significance
attaches to the Importance of peace ne-
gotlatlons between Rula and tho three (
new Baltic States created under the ,
termB of the treaty of Vcrsalller. Those
States Eathonla, Latvia and Lithu
ania have made nn agreement with a
British banking group for the reorgani
zation of their currencies, through which
Tntrl.iiul trets Into direct touch. If not
control, with the principal gateway lnta
Russia.
Tlio result of that scheme undoubtedly
will he the establishment on sound eco
nomic footing of the new States, a posi
tion they could hard'y have attained un
aided bt-causo of their contiguity to un
settled Russia. a
As pointed out In, Tub Sun anTNew
York Herald the plan Is not without
advantages to Great Britain, even If
tho fact that those countries are the
gateway to Russia be Ignored. Tho
British banking group takes control of
the timber, flax, dairy product!, horsoa
and other exports and sells them on a
commission basis. Thoso sunplled are
needed In England nnd will find a
rfady market here without Interfering
with British Industries. Tho agreement
Is for fifteen years.
The new States wero reduced to want
through tho war, but their rich supplies
of raw materials are still Intact and
await only developing capital. The Lon
don group la composed of several largest
and best known Joint stock banks.
All that Is needed to put the plan Into
oprratlon It the sanction of the Legisla
tures of the thrco States and, as the
Initiative was takon by them, It Is al
most certain that their approval will be
given.
It la proposed to create a new cur
rency with a standard coin valued at a
shilling guaranteed by n dcppslt of $10.
000.000 gold In tho Bank of England.
The gold for that guarantee. It Is under
stood, will be furnished by tho London
group. In addition a State bank Is to
b formed In each State to act as Inter
mediary agent for marketing products
and to Issue and control currency.
The plan does not contemplato offer
ing securities to the public, as tho whole
scheme has been underwritten by Lon
don banks, hut as business develops. It
Is understood, the public will bo asked
to subscrlbo additional capital.
;as Open. lllti. Low. dose, from 13751 to 141'i. After an over-
lieo Acme Coal JH 2 Vt night advance of 5 points Cruclb.e Steel
m Aetna Cxplos .... f'l g foil back from 237 to 232i and rallied
SIS Ai5..RcJ.2n " 4S.- w is ..again to 23, making a net gain for the
71
h'i
lot;
ii
1!4
7Vi
GHi
2tt
7!i
67
41
ieo
121 1
71
'M
:s
7H
tin
3 Am Hawaiian B O 72
20 Am Marcoii' H4
00 Am Safety It&ror. 10',4
IN Austin NlcboU.... S
UW Am Itadiator rts. 2'i
700 llr Am Teh coim. 1S
1000 llr Am T coup rts Ti
W Ilnller Ilro 0l
too Oar Llfht 2
foe Central Turcss.... 1U
1713 Cleveland Auto... 7Ui
J500 Cuban Am Kiunr. 48
ll Coniey Tin Foil.. 25,4
30 Cramp Hhlphnlld. .1M
1M llnvion. Wm A... 42'i
miit 0ner(il AnilmH..106ls 101
KO Ren Eleo rU s
lono Coldjn Pictures 23(4 134
jno flrniw Ola lr. lli
1W flrarw Ola pf 24 2
M0 Manet hnlliint... :'i
74.
69
46
M4
160
2!i
4
2.14
1
24
BRITONS CONSIDER
MAKING OIL FUEL
May Use Coal Carbonized at
Low Temperature.
Ijndov, March 16. It Is reported by
the American Chamber of Commerce In
London that British producers and In
dustrial consumers of coal are showing
an Increasing Interest in tho theory and
practice of low temperature carbonisa
tion and Its application to industry.
H. L. Armstrong of the Institute of
British Electrical Engineers has recently
written nn exhaustive paper on that sub
ject, claiming many advantages for tho
system, chief among which arc the high
value for domestic purposes of the fuel
left after carbonlratlon and tho uses to
which the by-products could be put, es
pecially nil nnd sulphate of nrnmonl.
Quantities of good bituminous coal are
burned needlessly In domestic fires In
Britain and a portion of It, It Is claimed,
could be turned Into oil and a portion
Into a srookelless fuel as good as coal.
It Is stated that If Britain were to car
bonlzo a third of her total coal Drodue.
! tion the country would be absolutely In
dependent or Imported fuels.
The claim Is made, says the American
Chamber, that steam can be generated
as cheaply by gas as It can by the use
!o ir.-.ll Slmal 6 6
SM "enlrii ilurn 4si 44
200 Hydraulic Sleel... 51 31
1000 Indian i'afkhifr. .. 154
i 300 Locomobile -1 2')
1 4?r. Lima I.ocomotlvo 92 M
100 Mont Ward Co... 34 .11
100 Nat Fireproof pf. H l"i
COO Nor Am Paper... 64 5H
en Orpheum Circuit. 20 2SH
SVJ lrewmsn T 4H s.
2400 Perfection Tire... 4 3i
S00 Radio Com 2H 24
1000 Radio Com pf.... 2'i 2H
400 HepnMlc Tire Rub 4S 4'i
m Stand ) & Kl... W4 4
1100 submarine l'-oat... 17'i 164
WO Swift Intrrnatl... 4 44
S.V) SnwU Co 54 5VI
inn Tot Prod J 234 20
BOO Trianrle ' mm 4 H
yil v S Illfh Sp Tl.. 31; 214
I 23W) V S Steam 34 2;
MO V S Tranport ... 10U 104
100 Unite.! Plct Pro,!. 13 1S4
1C00 Til Profit Sl.arln;. 24 24
3M l'n llet Canjr 114 144
M0 Union CarbMe 734
100 V Vlraudou Inc.... M 1
500 Wsyre Coal t 34
100 Wlllr Corp 20 20
500 WIUr Corp 1st pf M
STANDARD OILS.
20 Ohio Oil SS0 378
:;ii s on of n J W3 mo
63 S Oil of NY 470 465
INDEPENDENT OILS.
600 Allen Oil 24 24
6500 Allied Oil 4 . A
Amal Royalty....! 40
200 Aspoclatcd Oil 14
1700 Arkansas Nat Oai 32
6400 Itoone Oil 44
CeO Ilo.-tim Mexico.... 2vi
2000 llo.ton Wyoming. In
100 Hrajoa Oil 16
$300 llurknett Van CI.. 14
tOO Cm lb Synd 30
100 Cit'oa Ser 'B' ctfs. 40
too Cosalen & Co 94
400 Coden & Co new. 40
KfcfO Dominion Oil ... 144
MK) Duqesno "4
700 Elk Basin Pot... 104
1501 Engineer Pot .. 14
300 P.rwl Oil IS
4200 Uameraldi Oil .. A
4W Federal Oil 4
400 (Illlilanrl Oil .... 454
2.SO0 Olenrock Oil .... 24
100 Ouffny Ollleeplo. 31
1000 Home Oil 24
tiOO Homo Pet J'i
con Houston Oil ....113'.
2.-C0 Hudson Oil H
-03 Indiahoraa Ref .. Sli
8200 Int Petrol 434
MOO Iuvinable 40
3100 Inland Oil 8
8000 Key County a as l?i
150M Lar.co Creek ...t 65
6200 Livlnrston 14
200 Lono Star Oas... 36
COO Macrr.a Oil 44
100 Manhattan Oil .. 214
1700 Maractlbo Oil ..20
300 Merntt Oil 21
MOOMotex Oil 44
CM Metropolitan Pet. 3
600 Mexico Oil 14
SM Midwest Rel 174
roo North Am Oil.... 4
1000 Ohio Ranter .... ?i
700 Omar Oil 6
10-J Panhandle pf M
300 lVnnok Oil 74
WPhllltps Pete .... 42
300 Producer 4 Hcl. 9
tooo Penn Oas t 30
2000 Ryan Oil 34
1600 Salt Creek Prod.. 614
100 Seaboard O Sc O. 4
700 Sequoyah Oil .... 4
2600 Slmms Pet SS
SCO Skelly Oil 114
tA Southern States.. 14
1) Spencer Pet 21',
SCO Superior Oil 1S4
1000 Texas Ilanjer 14
6200 Texas Co w 1 634
44
31
1SV.
204
91
34
114
54
T
44
3
24
2
44
4
164
41
615
21
4
314
3
104
15
24
144
73
H
4
20
93
4
-4
- 4
-14
ft
24
A
i
4
4
- H
-14
4
T4
-4
-4
37
fSO
465
20
7
eatned currency. The guessed at cap!
tal haa been placed at $5,000,000 tn i f raw coai. The low temperature sys
$15,000,000. tern Is said to encroach In no way on
It la known In rubber circles hero high temperature coke and the supply of
that Germany would take all the rubber non-coking coal In Great Britain Is five
she could get If some arrangement for times as great as coking. By the low
obtaining credits could he made. If temperature process a suitable fuel for
a syndicate 6hould be formed It would burning in uie grate can bo obtained
send, doubtless, raw rubber Into Ger
many to be manufactured and re
exported, leaving n percentage of tho
profit to tlio German factory, tho rest
going to the rubber syndicate.
London Money SInrket,
London, March 17. Bar silver, 6E4d.
and two or three gallons of benzol a ton
'of coal carbonized.
New GencrnI RlcctrJe Issne,
37
14
31
4
24
14
16
4
284
40
9
40
134
T4
10
1H
IS
4
3'
4S4
2S
31
34
117
A
SVj
334
37
4'i
14
45
14
35
44
214
19
204
4At
24
1
170
4
t't
SO
7
404
64
30
24
60
4
A
35
314
14
214
18
14
62
98
4
24
1
14
64
9
24 4
4
Approximately $12,300,000 of capital
stock of the General Electric Comoanv
Is being offered to present shareholders '
for subscription at S125 a share on tho I
. . 1 rt. . ... 1 . 1 T,.IJ M .....
Uiscouni raics iunorr, oilis, oiu biuck. noiucra oi rL-coru on April
per ounce,
ner cent.
5fi per cent.: three months' hills, 55 ' 6 will be given the privilege of subscrlb
5 15-16 per cent Gold premiums at ' nig to the new Issue. Tho expiration
Lisbon, 140. date for such subscriptions la May 20.
On the money market to-day. In tho Payment fqr the new stock mnust .be
discussions of the possibilities of a made on or before May 20.
higher bank rate to-morrow or on ,
March 25. the opinions wero evidently . Adll to UXXnK on chnnBc.
divided, but a generally unsettled feel
ing prevailed. If a higher rate bo Im- The- governing committee of tho Xew
posed, it will be to cheok new Issues of YoTlt Stock Exchango voted yesterday
stock and restrict speculation and ex- favorably on applications of tho United
..u nt -nrroncv nnd nntn itxn-n. Cigar Stores Compnny of America
I Discounters refused to take unything ''""ni? $2,716,200 of additional com;
but short dated bills until tlio uncer
tainty be settled to-morrow.
TV-Tin Pae Coal. ..101
COO Trinity Oil H
W Tropical Oil ...... 21
AM United Tex Oil... 11-16
HO Victoria Oil new.. 14
2100 Vulcan OU 4
200 Valvcrde
6nr Western sutes... ! j
KM White Oil ii ,
3X1 Woodburn 64 6S
1000 Whelan 1 1
MINING.
C700 Alas-Crlt Col 14
30ft) Am Tin i Tung... A
500 Ariioua Sllrer .... 14
2500 Atlanta .....T J4
7500 P.tlclicr Divide. ..7 12
6000 IWclier Kxt 1 1
2704Veavcr Con t 4S
lioo r,is Ldeo ft
1501) Ilootli t J
2000 Ronton Ss Mont..t 73
2000 Caledoni a M in . ..t 35
400 Canada Copper 14
1700 Ciindflarla Mln.... H
700 Carson Hill 234
1000 Cona Cop Mln .... 44
100 Con Virginia 34
S400 Cnrte Silver t W
COO Creason Gold 14
1500 Crown Re ...... 4 31
3000 Crescent Me.N A
too Dcl'.eera Mloea ... 414
270i) Domo Ext T
3
11
II
43
6
73
35
1A
44
34
63
li
31
A
38
14
31
44
24
tft
16
14
2S?.
40
9
40
144
74 4
104 ..
14
14
3$
134
34
31
1
34
1194
A
S4
424
40
4.
l!
63
14
36
44
214
20
204
3
llP
4
4H
80
7
404
h
30
34
W4
354
114
14
214
14 4
14 ..
63 ..
too 1
4 ..
20 4
1 1-16
6V4 -3
9 ..
23J ."
64 ..
1 ..
l'i ft
-4
1
- 4
A
4
-4
-4
-44
tit
U
- 4
44
34
424
-4
-tt
1
-4
1
4
i8
A
f tt
4
day of 1 points. From tho low
the day United Statos Sleel advanced
li to '1001 at the close, Hepublie Iron
and Steel 4i't to 9691, and Bethlehem
Steel 2 to The motors were tin
ker particular pressure In tho early
afternoon, but at tho close had recovered
practically all their losses, Studcbaker
rallying from the low point 2 to 102.
I'loree.-Arrow 2 '4 to 64, and Chandler
2-Ti to 150.i In the oils Mexican Pe
troleum sold down from 100 to 18C 14,
then advanced to nnd closed at 190 ;
Pan-American closed nt D79i, up 24
from the low of tho day, and Royal
Butch at 101 U, up 2. Middle States Oil
Hold down f- m 33 Ts to 2D1,i nnd milled
to 32 H at the close. Among tho Issues
closing tho day with good gains wen
American Can nt 40U. American Hide
and Leather preferred at 113, Amerlcai.
Woolen at 136, Corn Products at '95,
International Paper at 8SV4, United
States Industrial Alcohol tit 96v6 an
United States Rubber nt 109. Advances
In these Issues ran all the way from ont
to six points. Tho rails weie neglected
and closed with slight net changes.
COFFEE MARKET.
Tho coffee market openod yesterday
with an advance of 1 point to 3 points,
buying b2l-iqr of about the same charac
ter ns that tit late Tuesday, the demnnd
coming mostly from a broker Identified
with a prominent cotton commission firm
and the oflerlngs principally from scat
tered long interests. Tho price range
throughout the day held within a narrow
rango of nbout 5 points to 7 points,
closing Irregular. 4 points net higher to
a net advance of 3 points. Business was
hardly active or general enough to sug
gest any considerable broadening of In
terest or material change In sentiment.
About the only now firm offers here were
Rio 7s at 20 cents, American credit, and
sales wero reported In the cost and
freight market of Pantos Cs and 6s at
o mnis Amnrlcin credit, and at 3,
shillings sterling. Tho local spot market i
was aulet nnd nominal for Rio 7s at 10
cents to 15 Vi cents.
neofprlnHithLow e,
: ::::: ::::: :::::
g 14.73 k i u.n
jSiy 15.01 . 14.99 m.
AuiniJt
u&n u.n
11.63-71 It. 70
14.72 14.72 14.71 1I.6S-70 14.CS
14C365 14.C3
; umu um
Sfptfimbcr
Octobrr ..
November
December
January
Fobruary
COFFEE CABLES.
chanre unchanar.) at 17 21-32d. D0Uar rate
10 hU-het at 316M. Receipts nil, railroad
strike. Stock, 458.000 bates.
Santos spots were 300 ren lower, with 4s at !
151350 and 7s at l20fl. Futures 26 to 125 rets
higher. Receipts 8,000 baes and slock 3,463,000
Receipts at the ports wero 8,000 bars,
at&inat 21.000 lait year and 23.000 two years
aco. Sao Paulo had 7.ooo, acalnst 18,000 and
16,000. and Jundlahy 5.000, aealnst 11,000 and
13X00 bacs rospeetlvely.
fcleared from Santos 19.000 bairs for New
York and from Victoria 14,000 bars for cw ,
Orleans. j
BRAZILIAN COFFEE STATISTIC3.
Last Last
Yesterday, week, month.
New York dellr.... 14.736 8,215 14.191
Now Orloan6 dellv.. 8,014 12.0S1
Total deliveries 27,750 20,276 14.191
bb.ltzi l.U,SS9 bt0,,BD
220.260 210,224 331.639
8S3.0S7 831,123 tM,675
5S8.000 64JJO0 422,000
Petition In Bankruptcy.
The following petitions In bankruptcy
ware filed Wednesday In tho United States
District Court! , , .
Involuntary potltlon aga.lnst Frederick
W. Scbelllni. ratail erocer of IJ69 arand
Concourao, The Bronx. Zalkln & Cohen, 49
Chambers itrrat. ire attorneys for tho pe
titioning creditors. .
Involuntary potltlon aalnat Max Honlit
man and Hymiin Honlgman, co-partners In
retail cloak and suit buslneas at 68 West
128th ttreat. LiaMlltles, (14.000 i assots,
$5,600. Jerome C. Jackaon, 1476 Broadway,
Is attorney for the petitioners.
Involuntary petition against tho . & H.
Baking Company, Inc., proprietor of a
bakery and lunch room at 645 Neat 207th
street. Dobta are in oxceaa of ,U,000,
Harry O, (luttman, 160th atratt anil Mal
roao avcuuo, la attomay for tho creJItora.
Voluntary petition ot Fredorlck W.
SolielllDjt. retail trocer of 2300 Uralid Coa
course. Tho Bronx. Hi gives his liabilities
as J2.375 and asiots !,916. J. Clifford Me
Chriatio, Woolworth llulldlnc, l attorney
for tho bankrupt. .. . i
Voluntary peutlon ot Rolf K. Oahn, in
k...i.... - ,M n BVAnll' Itnbllt'
ties are given ns 12,660, representing un
secured claims; no aajota. Henry .
Rupert, 1 Madison avenue. Is attorney for
t V. . I . .
Voluntary petition of Mary Laticy
Clancy, school teacher, 186 Wcat Llghteenth
V. Oralnccr, 150 Nassau atreot, Is attor
ney for tho petitioner,
Involuntary potltlon ncnlnat Lawrence
and Antonio Plola, copartnara In tho riala
Waist Company at 130 Bleecktr street; lla
hllltlts 125,000; aaats 82,000, Shalno &
Welnrlb, 599 tl3roadwny, aro attorneys tor
the petltlnn e creditors.
Schedules In Bankruptcy.
Schedule In bankruptcy filed In th
United States District Court were fol-
Schedules of tho Novelty Mirror Works
and Showcase Company, Inc., glvo liabili
ties ai 26,143. with assets of 15,510.
Schedules of Albert A. Flamberfr, silk
merchant at 7!) Fifth avenue, glvo liabili
ties as j2,508 and assets S,443. L;er
Brothers of 233 Uroadnay aro attorneya for
tho bankrupt.
Receivers In Bankruptcy.
Receivers In bankruptcy appointed
Wednesday lu the Fcdeial District Court
wero aa follows: ... , ..
Hamilton M. Dawes was appointed W
Judge Ltarnc.l Hand as receiver for Max
Honlgman nnd Ilyman Honlgmsn, retail
cloak and suit merchants, at 5S et 12ith
street, with a bond of 53,000. Liabilities
are 314,000; assets, $5,000. , ,
Bertha Rembuugh was appointed by
Ju.-tgc Learned Hand ns receiver for fcrcd.
erlfk W. Schelllnif. retail grocer at 2350
arand Concourre, The Ilronx, with i bona
of $1,000; liabilities, $2,375; assets, $-'.316.
JUDUMK.STs ril.hU.
MANHATTAN.
The follonlns Judgments were filed yesterday,
tb- first name tielnj that of the debtor;
Atiroiiiowltt, HaiTy, and Alexander
vrieueiman i.unuuowuz
lnaa)-J. Itoblnroii
Ailatnaon, Percy Pre Catelan, Inc..
Al,riun,,,vlti, Samucl-lTulted DreSfed
Ileet ("nrupany vt New York
Anileison, Clark N. .Monlanlo ot al..
Illora, Camlllo-S. MeCllntock
Bott, Nancy J NnJJe
Itatcbelder, Mnry-J. Helm
Brown, Samuel, and Abraham Robin
owltz (Drown & RoblnowlU) 8. Sll
ver
Cook, MatlMn M. Ureuoan
Cantwell. Tlimnas . Cbodack
Din. W. T. John ItamMs, luc
Dl Vlto, Petro, and Aoisierdani Casu
alty Graipinv People, ic
Davis. Danicl-I.lon Brenery of NVw
York Oily
Diirsen, Abraham I. levy
l)Imoii(lsto;if, ,!endel-v. Render...
Dearborn, Ulla Realty Sureties, Inc.
Friedman. Sol, and Martin illrfeh
Jforrla Plan Company of New York.
Orrn)erg. itay, ami Mlltnn 1. Slrahl
Morrls Plan Company of New York.
Olastman, llcnjamlu-ll. Shafer
fiana, Sarah 11. I. Blank
Hartuac, August W.-l'lel Brothers. . .
Gltleople. Arthur; LnnretM (llllepic
nnd Ctarlcd Walth-Morrls l'lon
Corcpanr of New York
ntntimarsti, ii. Wulicr E. A. Saaj..
Irtenlerlan, Mlsak '! -E. P. Scauitx.
Kaionah l.l?htln; Conipauy V. H. Fi-
Keatns, AVIlllani J. It. Alliance Print-
ins Corp
Kildulr, Margoret-Watton Elevator
Co., Inc
Kolin. Henry R.-R B. Shinier & Co.
Lefkowltz, ' Abraham-H. Ik-rnhard
et al
Laverty, Joir.es; John Pauth and Chris
topher l.averty Jiorris nan to. oi
New Y'ork
LIchtenEteln, BcnJarr.In-M.Zimlichman
I.ang, Ueorge. aad Nickolas Bozza
People, A.c
McCarricr, John F K. J. Pogscnb-arg.
Murphy, David A J. Watt
M.dern Holdint Co. Inc.-T. Brown.
O'Sfcea. ntoraaj; John Minogue and
Otto Claiw Morris Plan Co. of N. Y,
TaMs. Josef F. E. Peters
Pinkkrt, refer S. Heyraon
Tavton, Claude M M Black
rrlw, (louneu & vnj, idc j. suu
h.i ..an
Pfflffer, William II. -Pacific Bank...
Radnlck, Jilia-M. M. Sonh
Sclarrino, Glcneppe. Paul & Flealora:
Andonett.i Selorrtno nnd IMward
Nlxen Morris . Plan Co. of N. Y..
Solomon, Charles P. ; Henry W. Pevitt
and Paula Solorocn Same
Ssalfleld, I'rieda K. It Cohen
Shoe Hospital (a eorp)-M Eitc!n.
SfhwarU. Isidore W. Colin et al
Tillman. Amanda C. A. Osren
Todd. Thomas H. Acorn Agency. Inc.
nnitrt States Pldellt' f: Guaranty Co.
-Rank of Wahtnetnn H!chts: coits
Wallowltz, Fannv East River
Savings Institution
n,,MH,. r-hnr1. VTnrvtAml CtLS-
"'-" V v- '
uaity io 4 ,, 7;
Zucker, Hyman-G. Tanhls 120.41
BRONX.
'MOST ROADS ACCEPT
. FEDERAL GUARANTEE
Will Take Rental as Provided
t in Transportation Act.
Special ro Tne Hun ixd Ntw Yowc Hgutn,
Washington, JIardi 17, Although
final returns have not been tabulated by
tho Interstate Commorce Commission,
practically all railroads which wero un
der Government control have nccopted
contlnuonco of tlio six months' guaran
tee of tho Governmental rental provided
for In the transportation act
Aa finally passed, the act left whether
they would or would not accopt a con
tinuance of the Governmental rental
guarantee until the fixed percentage re
turn provision should become cffectlvo
on September 1 optional with tho roads.
Acceptances or declinations had to be
filed by March 15. Roads accepting the
contlnuanco of Governmental rental had
to agree to turn In to tlio Government
any excess of the rental, as they did tin
der Government control.
Twcnty-nlno railroads earned more
than their rentals In 1919, but oven those
roads In moat cases havo accepted the
guarantee, taking it In proferenco to run
ning the risk of a period of low earnings
during the first six months ot tho pres
ent year,
Tho Pero Marauctto, which earned 129
per cent, of tho Governmental rental last
year, also declined tho rental guarantees
for the six months. The Union Pacific
and other high earning roads, however,
accepted them.
A tabulation of the roads nccoptlnu
nnd those declining will bo made public
by the Interstate Commerco Commission
When complete In a day or two.
Uncertainties of tho present situation,
slowness of roads In recovering from the'
coal strike and doubts as to tho final
placing of traffic nllocatcd from onu
road to Another by the Government wero
Influencing factors with moat big ralU
roads In accepting guarantees.
11,032.91
101.75
filO.M
10S.85
fcoum
30H.41
102.78
3W.00
141.20
1S3.71
603.20
1.000.00
261.73
178.4.5
1,131.41.
163.00
112.(50
112.OT
193.33
010,1(1
IttJ.M
210.40
1,001.03
370.63
1,000.80
753.13
237.63
420.45
461.43
113.90
231.07
too. 00
1.092.S9
206 61
S03.ll
113.90
310.53
237.35
123.&S
103.33
113 60
170.41
111.60
216.30
264 41
161.90
317.S0
133.31
359.46
105 20
90S.13
ARMY ORDERS.
Now York stock
New Orlems stock
Sto"k at all port
Afloat
Visible supply.
1,471,087 1,377.601 1.300.675
Last year's visible.. 1,408,130 1.SS2.530 1,056,634
3
13
15
43
.
73
35
2
-3
&14
44
Montana Power Surplus Falls,
Tho Montana Power Company reports
for 1919 surplus, after charges and Fed
eral taxos, of $2,167,055, or J3.43 n
share on Its common stock after payment
of preferred dividends, against a surplus
of $3,050,195. or $5.87 a shnre, earned In
1918. Gross earnings for 1919 were $6,
769,013, against $7,558,741 and net
profits, after expenses and Federal taxes,
$4,318,33S. against $5,085,178. Interest
charges, depreciation and loss on Gov
ernment securities sold totalled $2,SS4.
900, and $677.(526 In preferred dividends
were paid. On the common stock $1,
673,800 was distributed, leaving a deficit
from last year's operations of $1S3,771,
against $156,961 surplus In 1918.
Paris Market.
PAnls, March 17. Trading was good
on the Bourse to-day. Three per cent,
rentes, 56 francs 80 centimes; exchango
on London, 50 francs 24 centimes; 5 per
rent loin, 88 francs 10 centimes ; dollar,
IS franca 415 centime. ,,
Aetna Claims Authorized.
Awards aggregating $431,171 were
authorized yesterday by Judge Julius
M. Mayer of tho Federal District Court
In settlement ot claims against the
Aetna Explosives Company. Tho prin
cipal ararda were: New York bond
Btock, and of the B. F. Goodrich
pany for listing 600,000 shares, of no
par value, common stock of that com
pany In exchange for 600,000 shares of
$100 par value now traded la
saro Dlvhlo Kxt
1700 111 Salvador ...
7600 Umms fkhur ...
4300 llnreka Croesus
101C0 r.arakn Holly .
600 Forty-nine Mia.
soo uolilcn liato
1000 Clo.d Cons .
17CO Gold Devei
. 3
t 15
1
. It.
.. Hi
. 1
...t 14
T Vt
Consolidation Conl Enrns Less.
The annual resort of tho Consolida
tion Coal Company, published yesterday,
shows surp't.!, for 1919, after nil charges
and Federal Taxes, of $3,009,8, or
$7.48 a share on Us outstanding capital
stock, which contracts with $5,008,691, or
3V4 5 $12.45 a share, earned in liua. J.oiai
-1 learnings wero $23,507.55C, ngalnst $26,-
31 " 1 148,895, and operating expenses, $17,-
A J. en 497. Uenreelatlon nnd depletion
4t!i 4ti i cnrlrBCa totalled $1,561,000, ngalnst $1.-
352.000. and Interest cnargra anu iaxra
-1
U
30
Profits From Beer Increase,
JfONTTtEAL, March 17. Profits
of
$1,061,300 for 1919 Is shown In the an
nual report of the National Breweries.
holders committee. $12,160; finandl, na..?u?,c t0-d.nJ compared with
imuinLT nnn i-cnerm accoununr? cor- '
vr Mass, Bnnk Commissioner.
poratlons, $10,096: Stetson, Jennings &
Russell, $9,035 ; Sullivan & Cromwell,
$62,267: J. & W. Sellgman & Co.. $100.- Boston, March 17. Joseph C. Allen
000; the Lovell committee, $10,000; of Springfield was nominated Commls
Stanchfleld & Levy, $62,042; F. II. Price eloner of Banks by Gov, Coolldge to
ft Co., $40,000. A balance of $75,000 day, to succeed Augustus L. Thomdlke,
was assigned to toe oourt committees. I who reilencd this morning.
30
At -ft
-;i
15 -1-1
V) 1ft dends totnlleld $2,411,854. and tho final
In .upnitia for the vear watt $597,424, whlcr.
1H
1
14 ..
7H yi
iV .. TrrnnTAW QP.PR RirRfiT.ATJS WORK.
itinr.nM Merrer t 314 Si, ?V4 V. "
nnntit Silv Plck...t22 19 22 1
1CO0O Oold 7one t 23 27 23 41 Policemen, Who Sclio
2T00 Great Bend T s 2
25CO HargTavea T - - , 2
801 Hecla Mining a H f -it j-js . ,
yt) Hominras Syn 1SH is ish .. Two patrolmen summoned by a
100 Holllr.ger I'A W tU .. 1 Woman who said aho had scon burglars
SSSinMiT"" n 9 i la at work in a first floor ofllco forced their
V-Ai iVmliiana Cons... 3-16 3-tS 9-16 .. way Into 248 East llSth street early
wo .viciniyro
1W) Gold Kewanas....t 34
.....T ass
2l
13
H4
m
m
i?i
7Vj
3H
3'
19
27
$206.72
2.533.33
3.3SS.70
162.22
16S.02
151.64
27.72
93.72
49.07
37.72
300.11
367.22
$3,009,278 available for dividends? Dlvl-
Ut. ltUt7 iuvi v - -
surplus for the year watt $597,424, wh!
1 raised the total wurlptus to $56,923,728.
Summons, Policemen,
One Man ns Suspect.
yesterday morning and put thrco bur-
The first r.ime is that of the debtor:
Anthem- Vllr-eth nU i.arne
HIn--M. alanirock .........
Ararat Uealty Corpn S. Mnrkn
wltz v
Barhelef, Celes'.o and Emlle J.
Buehier, Jr ........
Eight'eth Street Holding Co., Inc.
H. L. Falk
Fredman. Morris S.. -nil Abra
ham Salomon L. Blataky
Ootsch. John H. Amllnr..-.
Kashefsky. Samuel II. A. Albert.
Same Same
Schaplro. Jacob North Garage,
Inc. .. .
Wlederslh, Anna .V. Gela
Same Same ....
w-ai.i.le. Annette M. Sullivan. . .
SATISFIED JUIHIMENTS.
Manhattan.
The first name Is thnt of the debtor, the
second that of tho creditor and date when
Judgment was flld:
Barrett, Nephews & Co. (Oln
"tnten Island Dyeing Estab
lishment) A. ScJimiat ci at.;
March 4. 1920 ....
Hogan, ry.arles I. M. Levy: Oct
6, 1915
McClurg, Frnncea A. B. Altmnn
A Co.: Nov. 28, 113. ........
New Century Co. Wheat Export
Co.. Inc.; Jan. 21. 1919. .......
Rosenberg, Wll'lam H. M. Ro-
senhlatt; Maroh 10. 1920...
Suskln. Louis in.- H. P. Friedman
et al.; Feb. 11, 19!0. ....... ...
Leno, Samuel, and Frank Telt-
elhanm People, &o.; Nov. 4.
1913 (vacated) .... ...
Forges. Julli W. S. C. Hndden;
Sept. 23. 1914 (cancelled)......
Same-C B. Wyatt; Dec. 23, 1914
(cancelled) i'f;"
Tappe. Anna F. Milton Sohnaler
Contracting Corp.; March 10,
7120
Hurst. Clarence R. and Samuol
Oeorgo Harjes Co.; Oct. 7, 1916
I.ehr. Louts Meyorwitz Mfg.
Co.. Inc; Feb. 37. 19I. . . .....
Dux, August Hnltort EJeetrlo
Light & Powor Co.; Oct. 6, 1911
.(cancelled)
Piatt, Edw. T. C. H. Ooodfleld et
al.; May 12, 1910 (reversed)...
Bronx.
Bronx Publishing Co.., Inc.7-It.
Hoe & Co.. Inc.; Oct. 0, 19U...
Same A. A. Schneider; Juno 10,
1315
Bronx Pub. Co., Inc. Marker
Press aid Oeorg" W. Markey
I. Oilman; March IS, 1915.....
Markey Preas S. Ullman Co.;
Jan. 20, iia
Sam Hlgglr.s A Hlgglns. Inc.;
Feb. 3. lata V '.V
gamfC. M. O'Farrell; Jan. 23,
jgi5
Markey" Press and Georgo W.
Marker. Jr. International Ta
per Co.; March 15. 1916.......
Rotunno. Antonio S. Hlrscno
will: Feb. 7, 1920 ;
Carluccl, Roao P. H. O. Slllock,
Jr.; Aug 23. 1919. ........... .
Markey, Ocorgs W. O. J. Stt
phena, Inc.; Juno 1, 1316
vaerfal fa Tug Sc.v AN'n Nxn YonK Heuald.
WASIII.VfiTo.V, March 17. -Thefo army
orders were itiued today;
DISCHAROIS.
Majors Edwin J. O'Hara, Carl K. Doney,
James I,. Hnydcn, James D. MacMuIIwi,
Charles It, Flnley, Charles Thomas-Stable,
Keller H, Imnion, Edward 1'. MacMorland.
Hollls Ult, Midler, Joseph It. Cygon, Walter
O. Hawles, Robert E. PhlllliM. Frank Drake,
Allison I), Deans, Jr., nod Arthur W. Ford.
Capta. Walter V. Ooodman, Albert E. Me
Intflbh, Bar B. Conner, Herbert (1. lMen,
Everett U I'pson, James R. tinpjhart, IJ-vIs
A. Maorr, Kdnln II. Ilasklns, Uordoa M.
Wells. Riley K. McGnrraugh, James E, Tronp.
Donald B. Hllloa, Maurice K. Barker, William
F. Lafrenr, Harrr K. Pierce, Jerrr V, Matejka
and David C. Kelly.
Ilent.-CoI. Hcurr T. Rurgln, Irerson R.
Summers, Jr., Ralph W. Wilson and William
K. Moore.
INFANTRY.
Special ordws March 1, relating to First
Lieut. Franklin P. Shaw, revoked, this officer
having returned; Capt. Louis s, Eaimanuelcl,
Porto Rico regiment of infantry, report to
Major-den. Harrr O. Hale, president, nrmy
retiring board, Eastern Department, for ex
amination, Lieut-Col. William W. EdtvanK
b orably dlacharged; Col. Campbell B. Hodges,
detailed to fill vacancy In grade ot major ns
assistant to chief of bureau of Insular affairs;
Major Arthur L. Hart, honorably discharged;
First Lieut. Carl A. Snansoa, honorably dis
charged; First. Lieut. William Horaco Texer,
honorably discharged. First Lieut. I-ivla Prr
rlne, report to president exandnlng I.onnl,
Cauiu Grant, tvr eaaiulnullMi for prumotlon;
special rrdrs rilatlng to First Lieut. Arthur
51. O'Connor, revoked, the officer having been
discharged. '
MEDICAL CORPS.
Capt. William Robert Flrkesnen, honorably
discharged; First Lieut. Wlnlleld Sloane Bell,
honorably dlacharged; Oapt. Douglas Wyatt,
honorably discharged; Capt. Marcus It. Damron,
honorablyt)llharge!; special onlera March 8,
relating to Major .Wllllim S, Shields revoked;
special orders March 12, relating to Major
William S. Shields rerokrd; Col. Thomas U.
Raymond, to Waller Reed General HospltaL
QUARTERMASTER.
Capt. George Louasbury Walksr, honorably
discharged; Oipt Edward F. Herllhy, honorably
dlachaTgcd; Capt. Percy E. Walker, honorably
discharged: First Lieut. James P. McDonough,
honorably discharged; Major Harry F. Porter,
to Washington; special orders March 11, relat
ing to Major Samuel L. Nelson, revoked,
LEAVE OF ABSENCE.
Llent.-Col. Ccrnellus C. Smith, 23 days; Capt.
Ralph Dickinson, 13 days; Cspt. John E.
Townes, 10 days; Cant. Clifford H. Springer, 1.1
days; Col. Moor Falla, 4 days; Major James S.
Young. .! daya; Major Robert S. Lytic. 1 day;
Major Samuel L. Nelson, 1 month. 12 days; Capt.
Frederick D. Griffith, Jr., 1 month.
MISCELLANF.OfS.
Llent.-Col. William L Burr, detaled ss assist
ant professor of military science and tactics,
Ualverstt) of Illinois; Capt. William E. Lewis,
honorably discharged; Capt. Fred E. Walker,
honorahly discharged; First Lieut. Georgo O.
Furrow, honorably discharged; First Llcnt.
Georgo W. Dennis, honorably discharged; Major
Walter Catesby Jones, honorably illecnarged;
Cant. Leopold Stocker, to Long Island City; Col.
llalsey E. Yates and Lleut.-Col. Joseph K. Bar.
tynskl, to New York city; Lleut.-Col. James B.
Sullivan, to Camp Furlong; Lleut.-Col. Hodman
Butler, detailed to Motor Transport Corps, re
port by teleg-aph to Commanding General,
Southern Department; First Lieut. John T.
Daly, report to the Adjutant General of tho
Army for duty: First Lieut. Godfrey William
Henske, honorably. discharged; Capt. Arthur M.
Jones, Capt. Spencer A. Townsend, First Lieut.
Ivan B. Sacll, First Lieut. Roy T. Ronse, First
I.ient, Maurice W. Ocheltree and Ftrjt Lieut.
Charles A. Campbell, Jr., placed on detached
officers' list; Capt, Jamej (,', Waddell, having
been fonnd by an army retiring board Incapablo
for active service on account of disability In
cident thereto, bis retirement from active cex
vice Is annonsccd.
Fire Record. )
A. M. Loss.
1:20210 E 59th St.; unknown Trifling
1:30803 Trinity ar., The Bronx;
DaMd Altman Trifling
3:10 In front ot 40 West 21st St.:
automobile, S. Schrleber Trifling"
110 5th St.; Fanny Marx. .Unknown
$1,483.72
3(2.70
1,111.51
C.346.47
113.91
-.932.95
300.00
2,491.35
2,319.27
270,46
2IS.il
113.70
143.77
1,039.59
1210.66
71.36
304.41 j
143.S9 I
410.91
77.36
1.00S.20
45.63
65.22
296.5S
10:25
P. M.
12:48-
-41 West 138th at.; Mlnnla
llolden Unknown
342CO McNamara 11-15 5-1S 11-15 -Ml , r , MctU A fourtn tugitlve, Car
USSKfiS'SSlI " -Cs 5uno Adano. 23. of 2013 First avenue
1.1CO Nlplssing 11
1) North Stsr t WJi
600 Ophlr Sliver fs
1100 Prince Con 1ft
lWltand Mines 35
iyo Hex Cons ' 10
20A) Rochester Mij.t 16
13200 Roper Orocj i
fjtO ftsa ?
10
10H
10
16
11
105
10
It
W was caught running doyn an alley near
by. Ha was held in 3,uuu Dan ior ex-
amlnatlon.
" The police found a quantity of
women's apparel had been collected by
1 tho burglars before they were Inter-
j rupted.
Admits Vnlne of Stocks Shrunk.
Special to Tac Sun a'd Nsw Yobk Ucmto.
CitiCAOO, March 17. Stocks and se
curities of a market value approximat
ing $7,000,000 or 3.000.00-, the prop
erty of customers ot the suspended
brokerage firm of Marcuso & Co.. have
shrunk to slightly more than half their
maximum figures, and creditors face a
loss which will exceed 50 per cent.( Ben
Jlsrcuse, senior partner In thnt firm, ad
mitted to-day In tho bankruptcy hearing
begun beforo Frank I Wean referee.
FORECLOSURE SALES.
IN FORECLOSURE SUPREME COURT.
COUNTY OF NEW YORK NATION AL
SURETY COMPANY, Plaintiff, against
JAMES J. Bl'RKE, Adm'r., etc., ot al.. De
fendants. GEORGE W. HARPER. JR., Plaintiff's At
torney, 115 Broadway, New Tork.
Pursuant to Judgment entered March 4,
1920, the undersigned will sell at publlo auc
tion at the Exchango Salesroom. No. 14-11
Vesey Street, In the Borough of Manhattan,
City of New York, at 12 o'clook noon, on
April 3th, 1S20, by Joseph & Co., Auction
eers, tht mortgaged premises directed by
said Judgment to bo sold, and described as
follows: .... 1 , .
All that certain lot, piece er poreel ot
land situate, lying and belns In tho Twelfth
Wjrd of tho City and County of Nw
York, bounded and described as follows!
DEOINNINO at a point on the south
erly line or side of One hundred and
twenty-sixth Btreel, distant one hundred
and thirty feet westerly from tho south
westerly corner1 of One hundred ana
twonty-sUth Street and 8ecnd Ave
nuo: running .thence southerly and
parallel with Second Avnu ninety-nine
feet eleven tnejies to the centre lino ot the
block betwaen One hundred and t"?1'
fifth and One hundred and twenty-slxtn
Streets; thonoe wosterly sloner aald oentre
lino twcnty-Ove feet; thence northorly and
parallel with Second Avenue nlnety-nlna
feet eleven inches to the southerly line or
side of One hundred and twenty-slxlh
Street; thance easterly along the south
erly Mo of One hundred and twenty.ix
Street twenty-five feet to the point or
place ot beginning.
East 116th Street.
Center of Block.
25
110'
Street No. 236 East 126th Street.
fr- end clear of nil encumbrances.
, Approximate amount of the mortgage
debt, costs and allowances $17,520 and In
terest from Fehruary 13, 1920. Taxes,
assessments and water rates $1,104.02. with
'"nsted. New York, March. 1920.
GEORGE W. HARPER. JR.. Attorney for
rlatnlin, lla juronaway, .WT loifc
city.
EDWARD C. O. THOMAS, Retires,