OCR Interpretation


The New York herald. [volume] (New York, N.Y.) 1920-1924, March 07, 1921, Image 14

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045774/1921-03-07/ed-1/seq-14/

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Foreign
Government Bonds
In our opinion the obligations
of bome of the foreign nations
are among the moat attractive
purchases in the market.
We have selected bonds of
three foreign countries which
appear exceedingly attractive
from the standpoint of safety
and possibilities for enhance
ment In values.
Send for Special Letter
Porter, Robjent& Co.
67 Exchange PI., New York
Telephone Hector 2303
COO DEVONSHIRE STREET. BOSTON
We Buy and Sell
Seaboard National Bank
Mexican Seaboard Oil
Warren Brothers Com.
Lima Locomotive Com.
Chattanooga Coke & Gas Pid.
Noiseless Typewriter
Gillette Safety Razor
Dawson, Lyon & Co.
50 Pine St.. N. Y. Tel. John 0854
Weekly Marktt Letter on Request
CARPENDER
CAFFRY & CO.
Members New York Stock Exchange
One Wall Street New York
BRANCH OFFICE
JJO Fifth Ave., New York
Del. Lackawanna &
Western Coal
C. C. Kerr & Co.
2 Rector St., N. Y. Phone 6780 Rector
?7////S/////////////////////S////////////*V////////////SA
National
City Bank
CLINTON GILBERT
2 W.ll Street, N. Y. Tel. 4848 Rector
TOBEY & KIRK
Member* N. I. ITOCK KXCMANOfl
Unlisted Securities
DANISH GOV'T BONDS 3Ks
payable in Sterling
Spot Delivery
HUTH & CO.
30 Pine Street, New York
Telephone John 0214.
BROKER'S OFFICE
with rable connection*
2000 B'WAY, COR. 68th ST. *
600 to 1200 aq. ft.
SCHOONMAKER & JACOD
1X08 tfroadwuy.
DIVIDENDS AND INTEREST.
American Woolen Company
(Massachusetts Corporation)
QL'AKTKKI.Y DIVIDENDS
Notice Is hereby ptvon that the regular
qusrterly dividends of One Dollar and Seven
ty Five Cents (|1.75) per share on tho Pre
ferred Stock and One Dollar and Sevonty
rive Cents ($1.75) per shsre on the Common
Ktock of this Company will be paid on April
J5. 1U21, to stockholders of record March 16.
1921.
Transfer book* will be closed at the close
of huelneaa March 18, 1021, and will bo re
opened at the opening of business April 1,
1921.
WILLIAM H. D WELLY. Treasurer.
Boston, Marob 1, 1021.
At I.IS-CIIAI.MKKS MANTFACTUMNO
COMPANY, INC.
March 4th. 1921.
Tho Hoard of Directors has declared a
quarterly dividend of One Dollar Beventy-ftve
CcnUi >11.75) per share on the preferred
stork of this Company, payable April IS, 1921,
to preferred stockholders of record at the
close of business March 24, 1921,
There WM also declarod a dlvldead of One
Dollar ($1.00) per share on the common
? took, payable May 16. 1081, to holders of
? otnnon stock of record at the close of
business April 25, 1921.
Transfer books will not be olosed.
Checks will bo mailed.
11. W OODLAND, Secretary and Treasurer.
American Telephone & Telegraph Co.
4 quarterly dividend of Two Dollars per
?hare will bo paid on Friday. April 15, 1921,
to stockholders of record at th>< close or
busimas on Friday, March 18, 1921.
"On accotant of tho Annual Meeting, the
transfer books will be closed from Saturday,
Mnrch 19, to Tuesday, March 29. 1031, both
days Included.
G. D. MILNE. Treasurer.
ORPHEUM CIRCUIT, Inc7
The above-named Company has this day ;
declared a dividend of 50 Cents a share on !
the outstanding Common Stock, and the |
tegular quarterly dividend of -% on the out
standing Preferred 8to>k, both dividends 1
payable April 1, 1921, to stockholders of
record at the close of business Mnrch 15,
1921. The stock transfer books will not be
closed. Checks will bo mailed.
B. B. KA1TANB, Hecretary.
\e\ York. March 4. 1921.
mrmawaK r?wiw wiBflt
New York, Feb. 2?, 1921.
A quarterly dividend of TWO AND ONE
QUARTER rren CENT, on tho rap- '
Ital stock of thl? company win bo paid at '
?'ie office of the Company, .12 Nassau street, I
In. this city, on and after Monday, March 21. i
Wll, to Storkhdldt rs of record at close of
business to-day
By ordrr of the Board of Managers.
vy 11. PAVIKH, Tren mrer
UTAH COPPER COMPANY. !
!8 Broad Htrcet, New York, March 3..1921,
T'"> Board of Director* of t7tal> Ct>pp>?r I
Company has this day Jculaied n uuarturl-' I
it! Iiibutlon of Sl.fM pel *hat. imvMt-io
Imeli I 1021, iu uli'i-i Ihi|i'.>>"> of rc> ur'l :>t
T'J ,1 cl ? K n?o? M iuh
C. V. tKiNKLNii rreasiifer.
HUMBLE OIL NOTES
OFFERING IS TO DAY
Issue of 1925.000,000 Is Being
Placed at 99 and Interest to
Yield 7 1-2 Per Cent.
Formal announcement of to-day's of
fering of the new Issue of $25,000,000 of
the Humble Oil and Refining Company's
two year 7 per cent gold notes for sub
scription at 99 and Interest, baa been
made by J. P. Morgan & Co. At that,
price they yield approximately 7*4 Per
cent In connection with the offering
the follcarlng statement was issued:
"These notes constitute the company's
sole funded debt and the proceeds will
be used In part to i?duce the company's
current Indebtedness and to provide ad
ditional working capital for the purpose
of enabling it to continue to purchase
current production of oil from Its cus
tomers In the various fields, thus In
suring continuing production by such
customers and a regular supply of crude
oil for the company.
"The company, operating in T>-xas
and Oklahoma, covers In its operations
all phases of the oil business. Including
production, transportation, refining and
distribution. The present production Is
running at the rate of 40,000 barrels of
oil a day. The company owns all the
stock of the Humble Pipe Line Company,
which owns over 700 miles of pipe line
In southern and western Texas.
"The net earnings of the year, 1920,
as reported by the company, amounted
to slightly under $11,000,000, out of
which the company charged for esti
mated depletion and Federal taxes ap
proximately $3,500,000, leaving a bal
ance of over $7,400,000 applicable to the
$26,000,000 stock, the minority Interest
In which Is quoted In excess of $200 a
share."
WEEK'S COTTON PEICES.
High. I?w. Last.
January 13 80 12.30 12.P!?
March.... 12.00 10.52 11.10
May 12.50 11.12 11.60
July 13.00 11.55 12.05
October. 13.M 12.05 12.r^
December 13.73 12.1M 12.SO
Spot, New York. 11.65 11.20 11.40
Spot, Now Orloans.^.... 11.25 11.00 11.00
Spot, Liverpool. 0.83d. S.SHd. 6.56(1. |
BRITAIN'S deflation REMEDY.
Hank'* ChalruiM 8 my Iacreased
i'ruUuctlon la World's Only Hope.
Reginald McKenna, chairman of the
London Joint City and Midland Bank.
Ltd., In an address delivered at the an
nual meeting of stockholders declared
that the financial policy of Great Bri
tain must bo one that would stimulate
production and trade The only way to
effect deflation in his opinion Is to In
crease the commodities available for
purchase without any Increase In pur
chasing power. f
Deflation of this kind, he asserted, can
bo effected without producing the evils
which would accompany a higher bank
rate and a further restriction of credit.
Monetary deflation con never be exe
cuted gradually In his opinion. Discuss
ing Btrrope's need for peace. Chairman
MpKenna said:
"The economic restoration of Europe
should to-day be our first concern. If
we neglect it our whole foreign trade
Will contract and decay. The commerce
of the world must be considered as one
vast whole, and tf a large section of It Is
severed from the rest what remain? will
be gravely Impaired.
"If the broken countries of Europe are
not restored even the still Bolvent States
will slip one by one Into the general ruin.
A remedy must be found, and found
quickly. But what remedy? I do not
think there can be much doubt as to
what Europe needs at the present time.
'^She needs peace; not merely the
peace of pacts and treaties, but peace
born of the spirit of peace, when the na
tions ishaU beat their pworda Into
ploughshares and their epeai-8 Into prun
ing hooks.'"
SEES world trade improve.
An Improving International business
outlook Is reported by H. K. Brooks,
vice-president of the American Express
Company, In announcing yesterday the
policy of opening new branches In dif
ferent countries of the world as fast as
conditions warrant such expansion. Mr.
Brooks said:
"In the last year we opened new of
| flees in Edinburgh. Brussels, Ostfcnd,
Gothenburg, Barcelona, Zurich, Lucerne,
[ Nice, Cairo, Valparaiso, Montevideo and
Kobe. These offices were opened to
handle the business requirements of our
| clients and to develop new business for
them. This, in Itself 1s the best an
swer we can give as to our opinion on
the business outlook."
SALES OF SECURITIES IN
THE NEW YORK CURB MARKET
WEEK EXDED MARCH 5, 1921.
-1$
INDUSTRIALS.
Net
High. Low. Last. Chge.
MfcttO Acm* Coal 14 4 14 + %
3700 Aciti9 Packing. 6 44 4U ? 4
100 Aetna Exp ccfs 94 9?i 64 ? 4
1000 Allied Packers 5 4 4 ?2
500 Allumlnum ... 21 204 21 +J
2J8 Aluminum pf. 83 78 . 76 ?6
800 Ajual Leather. 10 ? 0% ..
100 Amal Leath pf 40 40 40 ..
425 Amer Candy... ?3 24 ?~4 ?4
50 Amer Chicle pf 63 62 83 +3
1600 Amer Refrlg... 14 14 1V4
740 Amer 8tor??.. 624 W4 6"4
200 Am Wr Paper. & 0 5 ..
500 Armour Leath. 18 124 12% ..
150 Arm Leath pf. 024 024 024 ..
.".00 Auto Fuel 62 61 62 -i-l
1210 E W Bliss 30 32 36 +4
300 Brit-Am Chem. 14 14 14 ? 4
3M0 B-A Tab coup. 13 114 114 ?14
1200 IB-Am Tob reg. 124 BU* 11'4 ?1
13700 Car Light ft P. 24 14 1% ? \
10 Cart>on St 30 30 30
3500 Chi Nipple.... ?'>4 04 6S + %
413 Coin Fin pf... B0 474 50 +4
4809 Colum Emer.. 24 - -4 ? %
700 Con Ttoi Foil.. 16 14 14V? -il%
1000 Cent Motors.. 64 H 64
200 Pavles, Win A 844 344 B44
8600 Durant Motors 204 20 20% + %
8000 Emp Food Pr. 2 14 2
800 Farrell Coal.. 154 14 15 +1
300 Cast W ft W 124 12 124 ..
10 Gardner Mot.. 164 164 164 ??
200 Goodwin Pict. 54 54 54 ..
100 Hanes Knltt A 18% 12% 12% ?1
100 Hanes Knltt B 124 124 124 ?14
400 Hall Signal... 24 2 24
200 Havana Tob... 1% 1% 1%
200 Havana Tob pf 6 54 54 ? 4
1000 JJeyden Chem. 24 2 2?%
200 Imperial Tob.. 84 84 84
1800 Indian Packing 84 24 8
300 Inter Prod 13 124 13
1600 Inter Cult pf. 74 64 74 + 4
WOO Inter Rubber.. 10% 10 104 ? 4
BOO Inter Trade M. 6?4 63 63 -3
140 Lehigh V C S. 71 69 69 ?2
200 Lake Tor Boat 4 4 4 ..
400 Lib MOT t L. 114 114 "4 + 4
700 Lima Loco.... 75 70 70
400 Lincoln Mo A. 20 18 16 ?2
POO Locomobile ... 2 2 2 +4
4000 L!g Mar Coal. 4 A 4 .
500 Meteor Motors 234 83 ?34 + 4
17400 McClure Mag. 4% 24 34
100 Nat Fireproof. 8 8 8
90 New Jer Zinc. 142 1404 1404
700 Nor Am P * P 44 44 44 ?4
700 Peerless Mot.. 24'i 24 ?44 +14
29900 I'erfeo Tire... 1% % 74?94
160(> Prof Sh R O 8 1 *4 4
4200 P 8 R C S Jrf. 1*4 IS IS
1700 Pyrene Mfg... 11 94 11 +14
(WOO Radio Corp... 34 IS IS
38(10 Radio pf 24 2 2 ?4
10200 Reading rt?... 15% 13* 144 ?1
20 Heading Coal.. 35 35 35 ?1
1400 Republic Tire. 14 4 4 ..
9600 P J R Tob B.. 874 86 27 +2
80?J Rockwell Can. 104 10 104 + 4
1800 Roy d* Franc*. 54 44 54 + %
100 Std Gas ft B.. 11 11 11 ?14
2700 Stanwood Rub 4 4 4 ..
4000 Sweets Co Am 24 24 24
1600 Swift Int 204 264 204 + 4
800 Stan Com Tob 51 50 51 +1
000 Stan C T pf.. f?? 97 99 +1
100 Todrl Shlpyds. 65 6." 65 ?4
100 U 8 Llftht * H 14 14 1*4 ??
14000 U 3 Steamship % ?? H ? 4
83200 II 8 Ship Corp 4 S S ? H
48i>0 Unl Prof Shar 14 14 14?4
5800 Cnl R Candy 84 8 8 ?4
400 Union Carbide 60% 54 544 -14
looo Willys Corp... 4 S 4+4
300 Willys 1st pf. 154 1?4 15S + %
483 Willys 2?J pf.. 54 5 5V4 + 4
STANOAK1) OIIS.
850 An?1o-Amer O 18 174 1*
85 Ohio Oil 283 280 28.1
10 Prairie P L.-2o0 200 200
20 8 O Cal 305 sai 30.-, +5
7700 8 O Ind new.. 704 684 704 +1
?M S O N T 333 329 333 ?7
rNDEPENDF.NT OILS.
92000 Allied Oil....f 13 10 11 -1
1 ?0 Atlantic Gulf. 60 35 35 ?15
2300 Atlantic Pet.. 3 3 8
38700 Boone Oil 14 14 14 ..
20500 Boston Wyora.. 1 % tt
33200 Carlb Syn. ... 74 ?4 64 ?1
135 Cities Service..245 240 240 ?5
900 Clt Ser B cM. 28 274 274 ??
400 Clt Ser pf 68 674 67>4 ?1
800 Clt Ser B pf. . 64 0'4 64 ..
1800 Columbia Syn. 44 34 4
2000 Cushlng Tel.... 4 A 4 .
8000 Denny Oil...,. '4 4 4 ? '
14400 Elk Basin Pet. P'i 74 9 +1^
1100 Eraerlck OH. . 2 14 2 +'
1V100 Engineers Pet,. liV 1 1 ? i
8.-.00 Federal Oil.... 2 14 IS - '
4800 Glenrock Oil... 2 14 2 +'
1100 Granada Oil... ?4 54 6 ? '
12800 Guf Gillespie .. 284 124 144 ?12'
1 r.00 Henderson Far. 1 t 1
2000 Home Oil efs-.f 6 4 4..
4800 Hudson OU.... 4 4 4 ??
WtoO Inter Pet ...... 154 144 15 ?4
lltoO Kay Co On?.. 14 14
1400 Kansas Gulf... 104 ?4
200 Murray 24 2
500 Manna Oil . ... 3 24 24?4
300 Manhattan Oil. 4 H4
12200 Maracalbo Oil. 254 214
1200 Mar Oil fftel). 21 204
?00 Mertitt oil ... 124 12
300 Mm.-Eagle ...234 2"4 2.14 ?4
300 Mex.-Panuco .. 84 34
8!?o<) Mexico Oil 14 is
8I0O Mid-Col O ft D 5% 54
1215 Midwest Ref. ..142 ISO
B800 Mednrest-Tex.. 4 A
000 Mountain Prod 8!i 84
3000 Nat OH (N J) . V( 84
2470# Noble Oil S '4
North Am OU *4 24
4700 Omar O A G.. 24 24
200 Panhandle .... 84 54
229 Panhandle pf. 64% 9i>
400 Peraiok Oil.... 54 5 54 ..
2000 Prod ft Ref... l> 4% 44 ? %
1800 Red Rook Oil.. 3 ?(i S ? S
500 Ryan Conaol.. 74 74 7% ..
2200 Halt Cr, nowr?'. 104 ?S 94 + 4
IKIO Savoy Oil 64 6 6
1800 Settled Prod... 8 8 8..
17400 Slmnis Pet 74 7 74 ?4
2?0 HlnclClr cent.. 4 84 4
1KO sin Oil 8% pf. 874 684 87 + U
j*7?' Skelly Oil 74 ?4 6S ? 4
2150*1 Texas Co rta.. 2 14 14 ? 4
.?(00 Texas-Ken .... 14 14 14 ? 4
8?000 Texon O ft L-. "? H H .?
6600 fnlteil Royalty 24 24 2*4 + 4
4WX? TTnlted Tox Oil. A '? 4 ..
6800 Victoria Oil.. % 4 4+4
300 Venture Oil... 184 1*4 184 ..
1000 West states 4 .4 H ..? 4
.?!(?! Wlieox Oil.... 4 4 4
14-wi Woodtrarn oil 14 14 14
7?oO "T" Oil ft diss i> t\ A
MININ?
t:o Hi a n o Metal* A '4 A + A
oJU Amu Mine*.. 1 4 1..
Sales.
0200 Atlanta t
26200 Atlas Gold...t 22
8400 Ariz Globe... ^ *
MOO Belcher Dlv. ? ? *
SOOOO Big Ledge.... *
OfiOO Boitli Mln. ...t n
41)700 Bos A Mont..t 67
27000 Caledonia M t J3
10700 Cnndal 611. ?t 17
1100 Cons Cop M.. -
350 Cons Virginia. -8*
13900 Cortez 811....t ?J
4900 Crepson Gold. . iH
T.200 Cracker!ack t ?V4
18700 Divide Ext..-t 38
1300 Dundee Ariz... 1
18200 El Salvador... A
7T00 Kmma Silver. - 3?
83500 Eureka Croe.tH'
2800 Eureka Holly ?? J'*
100 First. Nat Cop 1
000 Forty-nine M. '?
<1000 Gold Cons 1
:,!too Gold Devel. .7
101300 Gold Flor... .t
6500 G Kewanaa.. .t
14500 Grid 8 Pick T
Net
High. Low. Laet-<3hga.
- iV
S
57100 Gold Zone... f
d...f
19
3
t 23
1*
?
4*
A
2*
3*
8H
6
*
e
2
6
7A
3
~*
9
1A
l*
1H
4
lA
14200 Great Bend
2(000 Harmill Dlv
1000 Henrietta R.-i
5400 Heel a Mining.
1200 Iron Blossom
7200 Jumbo Exten..f
500 Kerr Lake....
112500 Knox Dlvide...t 18 15
1100 I,a Rose Mln.. A iV
400 McKln Dar....t 24 24 24
120O0 McNamara . .?t6 14 1?
80400 McNam Cres..f 18 it 12
1500 Magma Cop... 23 21* 22
7900 Marsh Mln.. .t 8 7 8
0000 Mother Lode..f 58 62 63
1 Mother L new. 5* 5 5
49500 Murray Mofg.t 81 B7 68
3900 Nlp4sslng M... 8 7* 7
9200 North 8tar...f 7 6 7
1000 New Cornelia.. 14
18800 Ophir Silver...
2800 Plat-Palladium.
1700 Prince Cons....
1500 Red Hills t
4400 Ray Hercules..
7200 Rex Cons....t
7000 Roch Mlnea.. .t
3700 Pt. Croix
6900 Pan Toy t
6400 Sil Kin* DlT..f
300 S A Plat * O..
1600 St Sll Lead....
3000 Stewart M!n..t
7000 8uccesa Vln. t
9000 Suther Div...t
2600 Talapoosea RU.
4900 Ton Belmont..
43500 Ton Cashboy.t
49750 Ton Divide....
8200 Ton Extension
10700 Ton Jim But.f 16
10700 Ton Midway.t 1">
4100 Ton Mining... 1A 1
10200 Ton MUpah. -t 9 8
9400 Ton Montana.t 9 7
8800 Toh Res Eulat 20 18
10500 U S Cont 1 9* **
8200 United East... 2*
400 United Zinc...
8500 Victory Die. ,.f
3400 West End C..
4200 West Utah...f 20
27700 White C Mln.t 10
24900 Wilbert Mln..f 3*
HONP%
|281000Allied Pack 6s 56
5000 Aluminum 7s., 97
69000 Am Ag C T*?. 9714
25000 Am I.t ft T 6s 90*
92000 Am Tel 6s. *22 97
44000 Am Tel 6s. "24 95*
1000 Am Tob 7s '23 99*
6000 Anaconda C 6s 86*4
70000 Ana C 7s. '29. 94
34000 Anglo-A O 7*s.l00
86000 Arm * Co 7s.. 97
63000 Bear Board 8s 99*
1000 Beth Btl 7s 22 99
24000 Beth Sti 7s '23 87
30000 Beth Stl 7s 35 96
1000 Braz I.t ft T 6s 89
9000 C N Ry cf 7s.100%
52000 Cerro de P 8s.104*
10000 Clt Ser 7% d D 84
09000 Cop Exp 8s '22.100H
8(1000 Cop Exp *s '23 99 j?
97000 Cop Exp 8s '24 99*4
197000 Cop Exp 8s '25 99*
190000 Cons Gas 8s... 100
5000 Cons Textile U 90
45000 Dla Match 7*al0l*
35000 E F & G 6s '24 84*
100O0 E F ft G 6a '28 94*
5*8)0 Gal Pig Oil 7s. 94
2000 Gen A.-phalt SslOO
61000 Goodrich T 7*.. 80*
89000 Grand Tr 6*a.. 9->*
450000 Gulf Oil 7s . ? ? 98
25000 Heinz Co 7s. 97* wi
1000 Hock Val 6s... 91* ??*
78000 Int R T 7s 69* 09
32000 Ken Cop 7s... 93 92
18000 Lnclode Gas 7s 91 90
164<n.i0 LA N 8 L d 6vl<MH 101
KMxtO 8 L A N 7s '22 99* 99 A
28000 Mor A Co 7*s. 98* 98*
890H0 Nat Leather Hs 95* 94*
1000 NY NH A H 4s 65* 65*
10000 Ohio Clt 7s, '21 99 99
15000 Ohl? Clt Ys, *22 97 96*
86000 Ohio Clt 7a, '23 94* 93*
27000 Ohio Clt 7s, '24 93* 93*
85000 Ohio Clt 7s, '25 96* 94*
47000 Ohio Power 7s. 95 95
45000 Pan Am Pet 7s 92 91
6000 Peerless Mot 6s 85 83*
1000 P A a 7?. '23.. 100* 100*
5000Ke?re n f?ciip) 92* 92*
866000 Sear* R 7s, '21 99 98*
69000 Rear* R 7*. ".>2 95<? 94*
84000 Soars R 7s, '23 94* 94*
1840O0 Sinclair 7'4s. .. 90* Ki;.
64000 Solvet at Cle SalOO* 99*
12000 Southern Ity 7a 95* 95
841000 8 W noil 7s .. 90S 96
48000 8 O NT 7a. '28.101* 101*
9fiOO 8 O NT 7a, '26.101* 101*
410<I0 8 O NY 7a, '27.101*
45000 8 O NT 7a, 28.102*
IflotiO SONY' 7a, '29.. 102*
64000 8QNT 7a, '80. .103
46000 PONT 7a, '31.10.1
8INM) Swift ft Co 6s 99*
28000 Rivlft A Co 7s. 97
100000 Texas Co 7s.. 99*
61000 U Ry Hav 7*?. 98*
510O0 Cnion T L 7?.100*
500OO West Vn 3*a. 79*
25000 West Elec fa.. 99 98%
FOREIGN BONl>s.
86000 Merlin 4fl 18* 13*
7000 O of Berg*n 8a. 91
100000 French 4e 60*
(*.(?iO Hamburg 4'-a. 1 >
C61O0O Sao faulo 8s 97*
140*8) Swedish 6?. 80
71000 Swiss 5*? 8"
18000 Vienna 4*a?. 2*
+1
-5*!
+ *
99*
95
101
83*
W*
93*
99*
80
+ *
+1V
101^
102
102*
102*
102*
98*
96*
99 Mi
98*
lO'Ufc
83*
601J
BROWN BROTHERS 6? CO.
Established 1818
59 Wall Street
Philadelphia New York Boston
Convertible Bonds
Bonds convertible into common 6tocks frequently
combine the safety of a mortgage investment with
the possibility of enhancement in stock value. We
have prepared a circular containing a list of well
secured convertibles yielding 5;?% to about 9#%.
Copy upon request.
A Century of Service.
BROWN, SHIPLEY 6? COMPANY
Established 1810
Head Offlca Oifico for Travel?!*
Founders Court, Lothbury 123 Pall Mall
LONDON. E. C. LONDON. S. W.
10-Year 8% Bond-Secured
Sinking Fund Gold Note*
nue .November 1, 1830. Coupon Note* In DenomluaUon* of
?1,000, S500 and S100
The Company supplies electric power and light in a populous
and busy industrial territory of about 600 square miles, midway
between Pittsburgh and Cleveland, including the cities of
Youngstown, Girard and Struthers, Ohio; and Farrell, Sharp s
ville, Elwood City and Sharon, Pennsylvania.
Net earnings for the year ended August 21, 1920, after de
ducting all prior charges, exceed five times the annua! interest
requirements on these Notes.
Price 96 and interest
yielding over 8.60%
Write for Descriptive Folder H-641
Hollister.White tic Go.
**Coa*o*?r|?.
115 Broadway,
BOSTON NEW YORK PHILADELPHIA
Stone & Webster
MTMlTfc 3t.
BOSTON
ISO Btoadwv
NEW YORK
MS#l Pimm bom St.
CHICAGO
thirty jwn aarpertenoe to the tnaneiretne??'aa4 ometmeHoe
af PobBc Utility and (odnitrW PropertVee, our trpmalica to
prepare4 to make
INVESTIGATIONS AND REPORTS
on
VALUATION AND OPERATING EFFICIENCY
JOHN L. MIR*ILL, Pre?.
Mmu Cable OAce. M Broad Street
Telephone Broad 7470
BRANCH OFFICES:
500 FWth Ave., Phone vanderbltt
24* Fifth Ave., M Mad. Sq. S05S
1SS Franklin St, ** Franklin 27*
30 Spruce St., " Brelnnaa J7S*
PERU
In 1919 our exports to
Peru amounted to $25,
640,000 and our imports
to $45,253,000.
ALL AMERICA CABLES
is the only American owned
and operated means of
cable communication to
Peru.
l. ?. sssssamxmmmm
EX DIVIDEND TABLE.
March 7?
Railway Steel Spring pf.... $1.75
March 10?
Chesebrough Mfg. Co J1.75
Chesebrough Mfg. Co. pf $1.73
Cuban-Am. Sugar . ?.... $1.00
Central States Elec. pf $7.73
William Carter pf ?. $1.50 ,
Middle States OU 800
Middle States OU. extra ? !?*!
Phlla. Traction $2.00
IMtta., Ft. Wayne A Chicago $1.75
Pitta.. Fort Wayne A Chicago pf 81.75
South Porto Rico Sugar $l.v"
South Porto Rico Sugar pf $lM?i
Swift * Co {2.00
F. W. Wool worth pf $1.73
March 11?
American Kxpress $2.00
American Snuff $3.(i0
Amerlcar Snuff pf
National Lead $1.50
South Penn. Oil $4.>0
Texaa Co W
Tonopnh Ext. Mining
March 12?
American Meet Sugar $1.50
Union Pacific
Utah Coffee *1
March IS?
Allied Chem. & Dye pf {)?*?}
Am. Bosch Magneto . .? ?]??
Am. Linseed pf $??'?;
Am. Public Service pf "
Am. RadlAtor ^
Am. 8t*?l Foundry- pf ? J,
Armour Co. pf ... $]?/?>
Beth. Steel A ?'?;*
Beth. Steel 8% pf Jf 2?
| Beth. Rteel 7* pf * ,?"
Buffalo Gen. Flee
I Cltlea Servlre pf. ? ??J*
Cities servie,. pf. . **
I Cities Service
'Crucible Steel pf ? J
Cuba Cane Sugar pf *'?'1
Dominion I. * 8. pf J]",
Haskell ft Barker Car <???
International Cement *'?
Tntematlcrsl 8r?lt * _r
P. S. Kresge pf }J
l.iRKett * Myers pf ?
t-oft, tnc
May Pept. Stores pf *I'' '
Mexico Pet. pf **-?n
Montana Power . ?i --
Montana Power pf J J ,1;'
North Am. Co ;!?
Otla Steel rf J
Pan. Am.-Pet. * Tr ? ??? J
Pan. Am Pet. ft Tr B J1; '
Pierce Arrow pf . * "
Sherwln Wms. "Car" . J .V
.Sherwln Wms. "Car" pf. .. *
1 Texas Pac. Coal ft Oil ? ? - '
| Tonopah Belmont Hev ,... ..
(United Pyewood pf. ? J ,'J.!
| Ds ?. Cypsum *! 2?
U. R. '".yrsum pf *
March 18? ..
Am. Car pf JJ-'J.
> Am. Car * F<ly ??"
Am. Car ft Fdy. pf J, ir'
Narnet leather pf
P. liOrrllarrt J,1 J?
P. T<nrlllar<1 pf '
Owen* Bott. ft 7^'.'
Owens Bott. ft Mach. pf ?1T0
new r.mA>n mii.t, *T?f"R*.
f>t>?rial n'Hprttrh to Tim NkW T..rK IlirnMP.
HoKToTf, Mwa, Mnrcli * - f*nlor of
mnntifncturlnn stock* In Boston thin
woo It
10 Beaeofi Chocolate 1st pf T'4
100 Cabot Mfg 1'"
B0 Crocker Penn pf _?
IS Dartmouth Mfit, pf
R Farr Alpaca, ex stoclt rtlv...., ? ? > ?'r(V_
10 Finite Rubber 1st pf "OHff *-'i
7 n-o. W. Keith Shoe IV pr '?
tr. Olllette Rafet7 Ra.er. ..
?"? TTood Rubber. ....... ?>
11 I.vman Mill*
r N: J ? MIUj <H?*I
. 6 TX a WervtMl
PROPOSALS.
Hudson Rirer Vehicular Tunnel
Contract No. 2
North Land Shaft South Land Shaft
Jersey City, N. J.
New York State Bridge and Tunnel
Commission
and
New Jersey Interstate Bridge and
Tunnel Commission.
foaled proposal* for the conutruction
of two ahafts In the City of Jersey City,
N. J.. for the vehicular tunnel under the
I Hudson Rlvfcr, will be received at the
; office of the Now fork State Bridge and
i Tunnel Commission and the New Jersey ;
interstate Bridge and Tunnel Commlf?U>?,
? Room 616, Hall of Records, Borough of
I Manhattan, New York City, until March ,
, 2!), 1921. at 3:00 o'clock P. M.. at which
time they will be publicly opened and
read.
This contract will Include the furnish* 1
In* of labor and materials, for all work
required in the construction and sinking
I of two shafts, located In the E?'.e Rall
| road yard. Jersey City. N. J., about one
hundred forty ?140 ft.) feet west of
'bulkhead nnd approximately In the ex
tended line of Twelfth Street, and the
? ;ire and mipj>ort of buildings. Hewers,
pipes, rallrosvdi: aad other surface, aub
surfaco and overhead structure*. the
maintenance of traffic and the restora
tion of pavements and other surfaces.
Proposals must bo In the form and on
the blanks prescribed by the Commis
sions, and must be aocornpaaled by two
| certified checks for S12,f>00 each.
Plans, form of proposal, contract and
: speclflcatloas may be obtained by pr<v
spectlvo bidders from O. M. Holland,
Chief Engineer. Room 814, Hall of Rec
ord*. New York City. N Y. A payment
nf IB.00 will be required.
| The Commissions re??rve the rljfht to
reject any end all *blda.
WfTljIjKR H. NOYB8.
I (Chairman New Jeraev Tnter^tate Bridge
and Tunnel Commission.
OOBOROB R DYKH. ,
Chairman New T >rk Stat* Bridge
and Tunnci Commission.
F.f.EfTIOIVS AM) MKKTnvO*.
NOT1CB Is hereby glv^n that the annual
eiretlng of stockholders of Bauer Tuner Bog
Co"., Inc.. will be held at the principal host
n?as offlea of the company. No. 440 t.afayutre
Pt . In the noro of Manhattan. City and
State of New York, on the ?8th day of MatvJi,
tP21. at 10 o'clork In the forenoon, for the
piirpoHn of electing directors for the ensiling
? ar nnd for the franssfttlon of stfbh ot',>+
bualnesa as may properly come before the
meeting; Inctuitlna the consideration and vat
Intr Wlfli relation to report* of off|e?rs and
tho R'ts and proceeding* of The ]t..ard of
IMrertora of the Company a* set forth In the
minutes of the rtiertlo*'" of ?ald hoard
Dated New York, V.ire>- 4 IWl.
ALBERT W. CLI RMAN, Secretary.
A ffl'ECTAt. Meeting of tha Stockholder- of
Independent Advertising Publishers, Ino,,
will be held at the nff|e>> of th? Compinv, )U
tVest 4 2d Bt.. Olty Of New York. en the '
???? ntv.fifth <iay of March, tf>'j|, a* 4 bo
o'eloek In tt"? nfternoon, for tl?e purpoa* . f
? m ift upon f tjropotnl tp dissolve tha o .
SBOU VPlAlt feci ?t* 17.
N*w Tom. k t , Mar \9tu a
Guaranty Trust Company
of New York
140 Broadway
FIFTH AVE. OFFICE MADISON AVF. OFFICE GRAND ST. OFFICE
Fifth At*. and 44 th St Madiaoa At*, and SOth St 2 ? 8 Grand St.
LONDON PARIS BRUSSELS LIVERPOOL HAVRE CONSTANTINOPLE
Condensed Statement, February 28, 1921
RESOURCES
Cash on Hand, in Federal Reserve Bank
Due from Banks and Banker*. $200,906,528.76
U. S. Government Bonds and Certificates 35,320,691.18
Public Securities 47,617,371.63
Other Securities 31,112,533.26
Loans and Bills Purchased 491,568,27035
Real Estate Bonds and Mortgages 2,741,610.00
Foreign Exchange 7,037,286.20
Credits Granted on Acceptances 55,731,926.48
Real Estate 8,638,690.83
Accrued Interest and Accounts Receivable 13,005,873.42
$893,680,7s?Ti
LIABILITIES
Capital $25,000,000.00
Surplus Fund 25,000,000.90
Undivided Profits 12,727,273.77
$62,727,273.77
Accrued Dividend 833,000.00
Accrued Interest Payable and Reserves for
Taxes and Expenses, and Other Liabilities 27,183,624.62
Notes, Bills, and Acceptances Rediscounted with
Federal Reserve Bank 72,666,245.09
Notes Secured by Liberty Bonds Rediscounted
with Federal Reserve Bank 12,823,700.00
Acceptances?New York Office. 45,451,191.48
Foreign Offices 10,280,735.00
Outstanding Treasurer's Checks 41,122,822.07
Deposits ? 620,592,190.08
$893,680,78211
CAPITAL,
SURPLUS
and
UNDIVIDED
PROFITS
$106,982,975.99
Sa
M
Umm Tarh
THE NATIONAL CITY BANK
OF NEW YORK
AND BRANCHES
Condensed Statement of Condition as of February 21, 1921
ASSETS
CASH on Hand, ia Federal Reset-re Bank, doe
from Banks, Bankers and U. S. Treasurer ,, $302,390,471.07
Acceptances of Other Banks 5,571,008.88
United States Certificates of Indebtedness . ? . 10,075,000.00 $2iSJt36,479JS
Loans and Discounts 622,967,236-53
United States Bonds, other Bonds and Securities . 33,306,844.56
Stock in Federal Reserve Bank 2,550,000.00 658.824.0810*
Banking House . .
Customers' Liability Account oi Acceptance*
Other Asaeta . ,
m m m
TOTAL
LIABILITIES
CapitaL, Surplus and Undivided Profits
Deposits
Doe to Branches
Reserves (for taxes, interest accrued, et cetera) . . . . ,
Unearned Discount
Circulation
Doe to Federal Reserve Bank ,
Other Bank Acceptances and Foreign Bills sold with our
Endorsement
Acceptances, Cash Letters of Credit and Travelers' Checks ,
Bonds Borrowed
Other Liabilities . . v * m Wm 'm t li ? * a i
TOTAL
5,000,000.00
82,119,916.13
5,653,549.20
>969,834.026 g
$106,982^75.99
582.692,131.06
6,919,549.95
4,615,204.27
3,007,764.44
1,401.567.50
143*45,86242
32,447,035.41
84,060.133.09
2^28,000.00
1,833,802.44
t969 834.028St
The FORD MOTOR
and its
EXPANSIVE CAREER
as told from the standpoint of finance
and detailed balance sheets for eight years
and compared with annual output.
See THE WALL STREET JOURNAL
Monday afternoon or Tuesday morning,
or The Dow, Jones & Co. Financial
Bulletins Monday forenoon?in all well
equipped brokerage and financial offices
THE WALL STREET JOURNAL
has the largest circulation of any
financial publication in the United States.
Ail Advertisement in the Lost and Found Columns of
THE NEW YORK HERALD offers a real possibility of
recovering your lost property, ^Telephone Fitz Roy, 600Q,

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