The New York herald. [volume], July 14, 1921, Page 13, Image 13

About The New York herald. [volume] (New York, N.Y.) 1920-1924

Image provided by: Library of Congress, Washington, DC

                
Stock TS a definite change in
L the price trend at
Market hand.'
k t"*fc * "p IE stock market for
s Pre-War 1 the past twenty
j I months nas been disIjevela
counting the effects of
deflation.
v. A VERAGE prices of
/v both inaustrials
and railroads are at the
lowest level since 1914. j
T3ROKEP.S' loans are |
?} D lower than for a i
V 1 / Tl _
(j numoc" . r years. i lie
banking position has
undergone decided
I betterment.
AND business condi?T\.
tlons are now
| plainly showing signs j
????? of improvement.
Circular S-60 VV7E have prepared
sent on request. VV a circular covertogether
with tng the present 6tock
our booklet, market situation and
"Thrtft-Sao- uncovering many iningr
-Invert- tcresting opportunities
ntent" for investment.
BiflRlESlClfiRK50Nsl
66 *3 ROADWAY NEW YORK
TEL<BOWLING GREEN 4020-26
I
! p
July 1921
Investors
Pocket Manual
contain* latest statistical information,
also high and low
prices for several years on all
Issues listed on the NawYnrk
took Exchange, Chicago
Stock Bschango, New York
| Curb and tha other leading
exchanges throughout the
United States.
Also contains a eomplcta
price rang* covering all
securities for the first six
months of this year.
Cojrr ?**? ERF.E on rrquat
Ask for II. 74
"Altortyt Without Obligation''
S'S'RuskayS Co.
ESTABLISHSD 1B77
VUrrSerg Consolidated Stock iixcK of N. C
Aa BROADWAY NEW YORIC !
Phone; Bovllni Orccn J20Q
J I
I
Mexican
Petroleum
World's largest producer
of fuel oil, and an important
factor in the production
of gasoline.
Special report containing detailed
statement of property
holdings and fincnecs, together
with en analysis of company's
present status, earnings, dividend
record, high and low price
of shares, booh value, etc., mailed
free on request.
Ask for H-S$0
kohler. bremer y (s$
STOCKS-DO NOS
0?5 Droaowtiy, <tampion note.",
XfcW VORX A13A.VY.NVi
I? ?
STATISTICAL BOOK
Contain statlrtlcs anil information
1 i condensed form on fitocI-;t p ul
Honda listed on the leading exchango*
In United States er.tl Canada.
(5lv?j ticker ahbrrtlatlons
of Stock Exchange Issue*.
I Shows high and low prices for several
years back on Stock Exchange
and Curb Stocks anil Bonds.
Valuable to investors
for ready reference
' Sent Qratlr. Ank for H. 147.
mosher&\%llace
OTOCXS?SONDE-OltAIN
1_v r>_/Nev'tbrk.r'r/iicc EcthcrCa.
**3D? I Consolidated StodcErduriis
of Nev\bHc
53 Broadwatl 130 E. 42n? Si.
SSKJKC WtlirtMAU. USO I hiJS*.\tUfc*?SiI -JCI*0
OUR LIBERTY PLAN
Of Monthly Payments
1? OR "4 I'AVMKKTH
Permits an Investor to buy tho
best class of listed and unll.Tcrt
docks and bonds In 12 or 21
Monthly Payment*!.
Write for booklet A-.73
klgsmsgskffis?
Curutrd Building
S3 Broadway Now YorK Cl\y
HKAZTCIAL NOTES.
Tho American Trust Company has been
mads trustee under a $2,0(10,000 mortgage
Issued by the Plaza Operating Company, covering
the Hotel Plaza. The mortgage Is
given to secure bonds for that amount, running
for ten yeare. The statement of tho
trust company as of June SO shows that Us
deposits have Increased 10 per cent, since tho
prior bank call four months ago.
The Metropolitan Trust Company has been
appointed trustee under an Issue of $1.000,000
of ft rat mortgage R per rent, sinking fund
gold bonds of the Traylor Engineering and
Manufacturing Company.
The National Bank of Commerce In New
York announces that Its London office, now
at 17 Bherbourne lane, King William street,
will move on July 18 to Orcshaiii House, Old
Broad street.
The Central Union Trust Company ef Now
Vork has been appointed trustee of an l>aue
of $ ifih.'SM) of (I per r ill, i i.reivers' equipment
s?otes of the Missouri. Kan: an and T< xa.s
, .allway Company of Texas.
In ? circular Just Issued and entitled "Now
Is the Time to Invest" Robinson & Co., membsrs
of the Nsw York Htork Exchange, say:
"Our conclusion Is that purchasers nre not
likely to secure better. If as rood, Investment
opportunities In the future as now
ax 1st."
Otis A Co. have opened on office In the
^ oadmoor Hotel, Colorado Springs.
a The American Trust Company has hi en
pad# trustee by the Trr I or Wharton Iron
jnd Steel Company Under Its first and
funding mortgage for ll.nnn.nuo. uhhh her>
Jiferest at 714 per cent, and Is due on July 1,
'->411.
t"hs Bankers Trust Comnanv I i I an
ralnted depositary for tli. fir-1 preferred
itock of the Molina Plow Companj.
N'swburgsr, Henderson A l^teh, members
jf the New York Rtoc.k V. .change, have published
a droular on rroflls of fourteen InXti.-trlal
corporations for ?? vcB!-s lull
lf>20 Inclusive.
A
GERMAN CREDIT IS
PLAN OF BANKERS
Negotiations foe {?19,000,000
to Cover Purchases of Grain,
&c., Here Under "Way.
At least four separate banking- groups
are negotiating with a commission of
the German Government an aggregate
of $49,000,000 of credits to cover purchases
of grain, &c., in the United States
with $10,000,000 additional credits being
arranged in London, and one of them,
amounting to $9,060,000, is virtually
completed. Actual signatures of- the
German officials have not been affixed to
such, but terms and details have been
agreed to ami the credit is expectod to
become a fact before August 1. The only
reason for delay in signing up that credit
is the desire of the German Government
to ascertain Just how great the harvest
in Germany will be, and that fact should
be ascertained within two weeks.
Tiie American negotiators for the extension
of a $9,000,000 short tcrn\ credit
running for ninety to 180 days are
headed hy the International Acceptance
Bank, of which Paul M. "Warburg In
I chairman. Associated with that bank
I are the Bankers Trust' Company, the
! Chase Securities Corporation, the h irst
I National Bank of Boston, and others.
] Another group, headed by a banking
! firm, tho principal partner of which is
abroad, is negotiating a $-5,000 000
credit, part of which is to bo paid in
thirty days, part in idxty day#, part in
ninety days and the balance in a year.
The smallest credit under negotiation is
a $5,000,000 affair of slnyt term duration.
Still another group is negotiating a
$20,000,000 credit, of which half is to be
extended by London. The names of
that group cannot bo mentioned; pernio
ny's total ci'Piill needs In connection
witii grain are estimated at about $40,000,000
and some of these negotiations
may not bo consummated. .
Details regarding tho guarantees for
such credits have not been learned, but
it is thought in banking circles that
German banks and bankers will have to
affix the.lr names to the paper representing
tho actual exports to be handled
through the regular exporting houses
for grains, &c. Tlio proper kind of
paper, when accepted here, should be
rediscountabie at the Reserve banks,
provided that it is indorsed by member
bunks. Plans of tho negotiators of the
$9,U'J0,000 credit, which probably will
be the first to be announced, undoubtedly
comprehend eligibility for rediscount
in the Reserve system. A recfent
Reserve Beard ruling permits the purchase
by Reserve banks of six months
paper required ty overseas trade usages.
FURTHER WAGE CUTS
IN STEEL MILLS SEEN
i'! A
m i ui& 41.5& A vi t* v/#
fo 25 Cents an Hour.
Cuts in wages will go into effect on
j July 16 in many independent steel mills,
according to the Iron Age, which in its
weekly review of the Industry predicts
that a seal" down to 23 cents an hour,
a ; compared with the present rate of
37 cents. In one Eastern mill, the jour;
nal declares, as low as 20 cents Is now
being paid. The rate generally paid
i before the war was 19 cents.
"The rate for common labor," tho re|
view sa>w. "iu reduced from 37 to 30
I cents an hour, making the total reduci
tion from the peak about 33 per cent.
| The Steel Corporation by abolishing tho
! t ip, t hour basic day comes to 37 cents
I an hour for common labor. There are
pi odk'tions of a 25 cent rate before tho
i downward movement Is stopped, as
against 19 cents before the war.
The Independent sheet and tin plate
mills made a settlement at Columbus.
Ohio, on July 9 with the union workers,
whi' it means a 10 per cent, lower labor
coat. The Western bar scale is yet to
be fixed. Two Independent sheet makers
who Eigned the scale last year are
expected to operate on the open shop
plan in the future."
The fron Trade Review says:
"While recent general reductions in
steel prices have brought out only a
limited amount of new tonnage, they are
serving their part In clearing tho air.
Foelir.g Is growing that under present
coat coralitions the point of ultimate dei
clino and consequent stabilization cannot
be far distant. A more expectant
lone n> i i>j i.ingiy I'iurai;u:ri?'.'i Lutj m.nket
on both its buying and selling sides.
; This i.-i true notwithstanding tho fact
; that new open prices are yet to undergo
| a real ttht and signs Of a recurrence of
the recent shading already are appearing.
Further wage cuts ranging from
| 13 per cent, by Eastern to 20 per cent,
by Western mills have been spreading
| this week as lower selling ilgures bc|
come effective."
$292,000 OIL SUIT BEGUN.
, F. A. Stevens Asks 'l'hat Sum on
A Heard Contractu.
Frank A. Stevens, oil broker, living
i:i th' Hotel MeAlpIn, began yesterday
an action to r > ovr $292,000 from Bernard
Naumbur*-. lawyer and oil onerator
ot .,3 W- *t r . mty-thlrd street, i\lth
the filing of u summons.
According to Edgar ,T. Treacy of In
Pari: roc. .Stevens's counsel, tho complaint
as ill ai that Naumburg failed
to carry out his part of a contract roj
kiting to tho purchase of oil from well.'
tit Tsmpco Slexlco, whic h Stevens negotiated
In his behalf, with a consequent
I loss of commissions and expenses to the
broker.
CHILE TO SEEK LOAN.
licnnte Authorizes Government to
Morrow Fnnds.
Santiaoo, Chile, July 1$.?The .Senate
1 in special session here tills morning,
| definitely passed a bill authorizing the
Government to place in unite or aoroau
a loan of 26,000,000 peso* In gold anil
50,000,000 pesos In paper currency at
eight per cent, for live years. It reduces
the amount asked by the Government
a half.
The loan probably will be taken Immediately
by local banks and cover arrears
In governmental finances caused by
tho decreased duties received for nltrat'
exportation.
LISTED ON BIO BOARD.
The New York Stock Rxchange ha.'
admitted to Its list the following securities:
Tho Northern States Power Company's
$4,499,000 of Its additional first
and refunding mortgage bonds, Hie Otis
Steel Company's $4,0uo,0'.0 of Its additional
7 per cent, cumulative preferred
stock, the Brooklyn Kdlson Company's
$166,000 of Its 6 per cent, ninety-nine
year coupon bonds, tho Hush Terminal
Company's $164,noo of its additional
pftmmnn Utrtck im.l th*? NmHnin Tain.
i phone ami Telegraph Company's $99,I
619,500 of Its additional capital atock.
VIM IV tJBTTXHlJrn'S DEFICIT.
The Vulcan Dellnninn Company reports
for tl:" first quarter of 1931 n doholt,
,r trr chart1 : and tsix< . of $69,299,
aKiLiri.-t ii not Income of $18,121 In the
cot -i; >;. Iit.I92n quarter. In the first
1921 quarter Its o.iles amounted to 9211,359
expenses to $290,212; other income
to $.1,005 and depredation chsugea, taxes
&e., to $3,130,
THE Nl
'ROAD GIVES BOLIVIA!
1 LINE TO ATLANTIC!
Contract for Connection With
Argentine System Goes to
New York Company.
A lino to connect the railroad systems
of Bolivia and Argentina and give the
former country a connection with, the
j Atlantic Ocean is to be constructed In
j Bolivia. It will be 12S miles long, and is
Bald to be one of the most important
| pieces of railroad work projected In
' South America. Bolivia has a connection
with the Pacific Ocean but has
| none with the Atlantic Ocean. Tho con
trace ior tne prupusou un? nas oeen :
awarded to the Uleri Construction Company,
120 Broadway.
A feature of the proposed new line,
according to officials of the construction 1
company, is that it will shorten the time
of travel between New York and Buenos
Aires two or three days. When the
new road should bo completed, it was
said, a passenger from New York could
go through the Panama Canal and disembark
in Chile, whence rail connections
would be afforded to Buenos
Aires. The advantage of the new line
over the preae/it trans-Andean road
from Valparaiso to Buenos Aires, it was
said, is Its ability to operate throughout j
I the year, whereas the Valparaiso line I
j In winter is sometimes closed up two'
: to four months.
! The cost of the new line is expected
to approximate 510,000,000 and the com|
pany which has been awarded the conI
tract for its construction has purchased
| from the Bolivian Government $7,000,000
: of its 8 per cent, serial bonds, maturing
over twenty years. The proceeds of this
bond sale will be used partly to finance
the new construction.
The contract calls for the completion j
of the new road within flvo years, and
preliminary studlis and surveys for it
will start immediately. The contractors
plan to stanjt actual construction work
not later than January 1, 1922. The "
contract provides for the construction of I
the road and its equipment, including '
i stations, telephones, .
AMERICAN TOZACCO i
DECLARES DIVIDEND
j Distribution to Be in Stock of
Mengel Co., Inc.
Tho American Tobacco Company ban
declared a dividend of ' A per cent. on
both the common and the class Li
!common stock, payable in tho common
stock of tho Mengel Company, Inc.
which Is to be made a special distribution,
entirely Independent from the regular
quarterly dividend later In tho
: month. The distribution is under the
| terms of u new contract executed be;
tween the Mengel Company and tobacco
j manufacturers.
The company lias also called for re!
demptlon on August 15 of $3,333,000 of
| Its serial notes, which mature November
I. The American Tobacco Company owns !
| $1,500,000 preferred and $4,253,00u ox
common stock of Mengel Company, ]
which Is engaged In the manufacture ;
| and sale of paper and wooden boxes,
j hardwood lumber and automobile wood j
parts.
The distribution of the Mengel stock
j will be made :>.bout August 15 to stock
I of record July 23. The Mengel stock 1
| v.'as admitted to trading on the Curb
I yesterday, where the initial bid was
SCO a share. On tilts basis, the value of j
the dividend Is $2.85 a share on Amer- !
lean Tobacco.
CREDIT FOR LIVE STOCK
GROWERS ARRANGED
Directors of $50,000,000 Pool
Are Selected.
| Formation of the Stork Growers
Finance Corporation to administer a i
I 850,000,000 pool to finance tho operai
tion of Western live stock men has
been completed and with the actual advance
of funds by New York participants
it is probable that initial loans
v, ill be made next week.
Tho actual head of the corporation
Is M. I., MeClure. president of the
Drum Commission Company of Kansas
City. Others on the executive comi
inittce are Melvin A, Tray lor. president
j First Trust and Ravings Han':: .lohn
! It. Washburn, vice-president Continental
and Commercial National Bank;
I John Fletcher, vice-president Fort Dear- ;
| born National Brink : S. T. K*ddoo, presI
Ident Live Stock Kxchange National |
I Bank; and Frank H. Connor, of Clay,
Robinson & Co., all of Chicago.
The rate of interest paid on participations
is fixed at fi per cent, and loans
are limited to a maximum discount rate
of 8 per cent, and a maximum period
of thirty months. No call for additional
funds from the banks can be
made after July 1, 1922. Discounted
paper in the aggregate is limited to a
i maximum of $50,000,000.
OIL COMPANY FORMED.
Sinclair Interests Organize Fader
French Uwi,
1 ! Tho Compngnlc des Hulleg Slnco haa!
! been formed in Franco with a capl|
t.iiizatlon of 1."00,000 franoa h.i an off'
shoot of tho Sinclair Consolidated Oil
Corporation. Arr.on-g tho director* nre
Archibald B. Roosevelt and John H. '
1 Simpson, who have been In Fnitron in
" the Interesta of the Sinclair Corpora $100.
It waa said at the Sinclair enter'lay
that the le w com;> > om- '
navy under the French la\ . . * Sin-'
cialr organization already . 'leoj
tions with a French company ?. > liepiles
the larger part of Fran<
1 ______CORN'
EXCHANGE HANK f.UOW.M.
'Ph.j Corn Exchange Bank has lseui>d 1
I the following statement: "The state-'
'1 Mat of OOIttfttlOn of the Corn Exchange.
\ lank dated July 1 shown that deposits
I have Increased to $i99,l6T,9SC, against
, $195,728,476 on January and $136,015,[1312
three year* ago. Since the begin-j
[ nlng of the ye nr demand loans have i.een
'-reduced nearly $13,000,000 and other
' loans $5,600,000. The bank has In [creased
Its investment In Government'
. obligations from $42,094,603 on Junuary
, 1 to $64,064,532 on July 1.
TWO HEW A. *. It. OFFICIALS.
Fred Mason and Walter H. Llpe have!
| been elected vlce-pr. etd?nts of th" Amcr- !
| lean Sugar Tt-fining Company. Mart LV
'I n>l.a n resident. In a nr. -tinclnu il.-'r
election, said th it it had become deslr-i
aiiio to incrwii tiio ntimber of Km toM<.
pany's executive officers because of the'
1 company's broadening activities. Mr.
Mason line been president of the
Shredded Wheat Company and Mr. I.lpo)
' was vice-president and general manager
! of tho Beech Nut Packing Company,
GERMAN RANK STATEMENT.
Brttt.w, July 1.1?Tlie statement of the ,
Imperlnl Bank of f>rm?ny. le.?ti?d today,
shows the following changes :
MsrVs. !
Total coin and tuilHnn d"e. I to.ooo
' ".old rife. .*t,noo I
, Treanury notes dec. 1,0.1 t.n.'.n.neii ;
Notes of other hank* Inc., r*?! (so j
Mills discounted dec. S,.tSt, lt.l,i?V?
' Advances Inc.. 1
; Investments dec. 2,.177.000
, Other securities dec!. Ht,W.?,nno
, NVte# In circulation Inc.. r>lK,19l.nri0
Deposits dec. B,:2s,i>rai.ono
I Other liabilities. dec. .Ml l.too.orw)
The total gold holding* were.. l.Otl.MKMMQ
EW YORK HERALD, r
Portland
Light and
Twenty -ji
First Lien and Re
Wo Got
Series
Non-callable (luring
Due May
Price 96 and a<
yielding
Complete descripti
|| Kean, lay
J New York
An Old Fashior
THE modern trust c
the department stor
is well adapted to c<
business.
But specialists in man;
customers, old and new, a
York Life Insurance anc
many people prefer to <
pany which specializes i;
The New York Life In;
specialized for more than
tion of Personal Trusts.
Company has developed
recently been modemizt
venience, and interest is
cnecK as wen as e>n nine
The policy of the man
cialize in Personal Trus
business along time test*
depositary for the funds
o widows
8*1 CHILDREN l?jj ***
EDWIN
52 WALL STBID
AND ASKE
N*. Y. STOC K EXCHANGE QUOTATIONS.
To the following prices accrued inf.TCest l;i
to bo ad<kni In very cuae:
FOREIGN BONDS'.
BfY. Art*.
City of Bergen 8s, recta I'll 90' .
City of !' in f* ! ?'.?
City of > rlstlania 88 99
City of Zurich 98%
Argentine Intern. 5s, 1845 05 08
Belgian 8s OH i'DVi
l.lngilom of Belgium 9a 95 93%
Kingdom of Belgium 7%?. 1945... 1 (X>'- I'M
Kingdom of Sweden Ok, 1959 85 83%
Canada, Dom. of, notes, 1921 90% 90%
Canada, Dom. of, 192" 91 HI'.Canada,
Dom. of, 1929 91% BI1
Canada, Dom. of, 1951 9" 87'4
Danish 8s (a) 9914 094
Pan!: ii 8s (b) 99 1:94 I
Denmark 8s lOO'i 10O%
Chinese Gov. Hit Kug Ry. 5s, 1951. 4 40
Norv.av S' l''2% ]o."
Cuba Extern. 5s. *1944 79% 80%
Cuba Extern. 5s. sorbs A. 19-10... 7 79
Cuba Extern. 4> 1949 ?i" 89'
C. H. of Bra.tll 8%. 1941 fJfi 07%
ItepuMle cf chile M I'd
Dominican RepuVIe 5?. 1958 Ml t ' ?
French tiovt. 7%%, 1941, u. I Or. 9 4
City ..f 1 <yo:m 15 yr. U.i. 1934 79% 80
i "f Marseilles 13 yr. t'.s, 19:.I.. 79', ha
City of Bordeaux 13 yr. 0s, 1954. . 79V? 80
C. of Cop nhag-.-n 25 yr. 5%s, 1944 79 , 7T',
French Government 8a, 1 Issue... 99% f<9%
French. Paris City 6s, 1921 99% 190
Govt, of Pivitaorland 8s, 1940 105' 107,84
Japanese Govt. 4%a, s'lg. In., 1925 84% 8",
T a panose Govt. 4%s 2d ser., 1925. 84% 1 5
Japanese Govt. 4k, stlg. la., 1931.. <WS4 60%
Japanese, Tokyo City 5s. 1932.... 58% CO
U. K. G. B. A r. 5 yr. ."Via, 1921.. 99% 1011
V. K. G. P.. * 1. 3 yr. o' -s, 1922. . 9". !W
r. k. 'I. B. f- r. in u. 1029. 9*'. Mi
c. k. G. 11. k 1. 29 yr. 5'>, 1957. 8 , ml i
Mexico Extern St!*. 5s of 99, 1945 15 t 01
Mexico Ex' rn. gold 4s of '01. 1934 34 ;
Kino don 1 of Italy ?? yr. 6'4% gold.. 88% -vSan
Paulo 8s, ct 95 " %
UNITED STATES GOVERNMENT BONDS.
Bid. Ask.I Hid. Ask.
2a re*....100% 100%!3s Pan r.. 75 1
2a coup... 100% 100%'3j Pan rpn 73 ..I
4s teg 104% 105 P t 44 '54. 77 81 |
4s coup... 1044* 105 IP I 4s '53. 77 81
2s P '.'id r. 100 100% P I 4s '36. 77 81 !
is P '50 o.l'tO lOO'tjl D C 3.63s.. 03 ..
2a P '38 r 100 100%!
Closing prices of stocks In which there
Were 110 tiansactiors yesterday:
Bid. Asked. | Bid. Asked.
Advnneo R 15 '' ; Auto Sales "> ? 3%
do pf 59 41'!' do pf 10% 12 1
Air Ueduc. 29 35 1 Bald L pf. 97 99 j
Alajikr 11.. % N Barnt I,th. 49 55 |
Alaska J.. I "? 1* do pf.... 76 !?!
41b 4811 ".18.5 .. , ItarmriatlA 15 25
Mliatmv K. 79 .. : P.nrn'daMB 16'J 19
VI A Cab .103% 110 i Batopllas . % \
A| ChM pf. 72 7 1 | Bay Bros.. 21 29
AlilcdCli pf 88 0'1 Beech Crk. 34
Ant a I Sxlst .. '9 Beechnut p 94% I
Am B Ntv. 50% 52 Bath Steel. 44% i? |
do pf. ... 44 4iVj do 7%.... 90 91%
Am B !-e . 28 29 Bcotli Fist 29 57 ;
do |>f.. .9 1,1 Bi n Kdson. 88 97 1
* ... i? . Ilk l'r.tiaa. T'l
An I'.k hp. 11 Ilpown Hh. 43 11 |
Am I'.UHpf. I"' ' ' I I do pf 7 : H".' i
Am Cenpf. 7k I nnjR.rrrlrk. 2? .'I'-j
Am Chicle. 1*> 19% I BitfAHuoq. .. 7k1
Am C? 74 .. ! do pf 4.1
Am CO pf. 27 44 I Hut HAP.. TO 77
Am Ex.... 120 j do pf,. in AS I
Am I'" *2'i r.4*-t1 num?r;pfino. no |
Al.nCr'iiee. 0 i>V4 Bueh Term. 100
Aml.ln pf. "k | Hutte Hup. 12 1.4
Air. I.'. o pf102 10T. I Itutte tine. 1 i ,
AioMA'l .. 12% I ' I C?l JVtpf.. 71 7*o,
A-i Had .. r.4'i 70 j I'nn Hmi... 40 4",:$
do nf....t?M '' ??> pf..". 7'1 7:"
AAhtpbtdg .. *0 Core P|o*. 4% 4'J
do pf .. k" Cn ?n Pf.. 70 72
An Hn rit. :;7'e .'Ci run (,fN.? 170 v>o
Am Br.1v. . 20', M'. Cert 7Tod. 21 ?7'j
Am Hnuff. 04 11" do 1 rf... 71
do pf . *2 > . Cll AAltpf. A 12
A HwmTpf. 71 ' ' Ciilo Blcl.. I'
Am Tohpf. AA ' do r>f 114
Am TAG... .70 ANWpf.. faP. ft.
Am Wletlp. ! ' ch T'tuT.. h?% it
Am AVPpf. 2*i '-H C PtH*O.. .*0 M
Am Zlnepf. 2-Mi 27 do pf 74 7,1
Apri Arbor. 1"' c RIP ?<;<,, aria ppi do
pf.... 1". ."* Clt-vo A rit 144 P*. '
Art Metal. 14 1*H Cluett T*by. 40 3*
A fee eta n,. 114 1H do pf.... 71)
A HryOiU. 40 42 I C CCAHtl.. 47 .10 U
do 1 pf.. 02'4 o"> | Coll'uiltT.. 27'4 ISH
do 2 pf.. 40 "A 1 do pf put
A*ard nil.. P<t\ 101 Col Couth. 40
At II'rAA.. 2V4 3'4 Col Solpf.. !t| VI |
At Krult.. r> 01, doBpf.... 4 1 44
A OAAVIpf. 1i! ?2 n C.raplipf, "I 20
Alia "die 14 14 14 I f'omp T?'?. 41
At TP'f pf.in*. if'i c. t Cioar. '.'0'i 71. 1
\il*e Tek. 10 I7V4. do pf ... it". 70
Ann N'l h.. 4 '1 I'm i'r<n... It 141.1
do pf.... f.2 04 do pf.... K> P'>
TAXPAYERS TO DIG SEWER.
Help Noire I.nlxir Problem fop
Mute', Voninrmt Ctty.
Romi, N. Y., July 13. ?Shcrrlll, thr !
most youthful elty In th" Stat*. will imdrrtnko
to solve the rout of labor problem
by enlisting taxpayers ax trench
for Ita recently authorized sewer
Byetom.
Moi" than fhO men from all walks of
life. clerk*. lawytrr, do*'tor?, merchant*
.in?l at loaaf two clergymen. have volunteered
to bo on hand with ploka and
shovels to-morrow morniny to start
work on the first section. The lrnrth of
the workln* day la optional with the
worker*. Any on* may knek off when
FHURSDAY, JULY 14,
Railway,
Power Co.
ve Year
fu ndin g M o rig age
Id Bonds
"A"
the first ten years
1, 1946
ccrued intere3 ,
ver 7.85%
on upon request.
>lor & Co.
Pittsburgh |j |
?I i
led Trust Company
ompany has been compared to
e?like the department store, it
ire for many aspects of modern
y lines of business still attract
ind the management of the New
1 Trust Company believes that
lo business with a trust comn
old fashioned trust business,
surance and Trust Company ha3 ,
i ninety years in the administraAlong
with this business the
banking facilities which have |
:d so as to afford every conallowed
on deposits subject to
deposits.
agement is to continue to spe
its ana to conauct its Daniting
:d lines that will keep it a sate
of individuals or corporations.
2Iif* Snsttranre m\b
tifii (?mnpatti|
G. MERRILL. President
NEW YORK
D QUOTATIONS1
till Ysle>d. | Bid. Asked. I
Con Insur.. "9 02 MSISSM 11 :2 r.7 j
Cn-x Carp. . O Mur &Esex. ?i"> 07
OnitTeel pf 7'i 82 I Mont Row. 48 19
Cuh As pt. 72 *9 ilo pf.... 98 ff.t'i i
r? D&W...174 Mullln* By. 19?i 221,- i
Delivers .. 11',j 1v' a , do pf SS j
Deere pf.. t > 8u Nh CliASL. no 10".
Dot Ed Don 8s 92 t Arm . I". 15",
Dot A.Melt. 47 50 Nut Ills...IIO 111
Dot United. .. 70 do pf....lo8 1H
Dlam II... Oo loi , Nat cilt&S. 28 29 i
Dul SS&A. ,'1'i 4 Nat E&Spf. 88 91
do pf 5 7 | Nat Lil pf.101 10 .
Durham If 17 I > 1 Nat RyMlp. 5 9 I
do pf.... 72 82 do 2 pf.. I 4*j
Elk IIornK 17'i 18'i 1 N VT.rn dVV 77 87
do pf S8*i 10 ! N YCA8L. 17 Ml
tiler 3tnr..U5 120 do 1 pf.. fill ?>0
Elmtr lirnn. -1 8 do 2 pf.. 54 00
do pf 28 i M YOAW.. 17V* 18
Erie 2 pf.. lit 11 N YSIilpB. 20 27
K MAS pf. 22'4 21 ,'v YStateU.v. 20 ..
Km I'D pf. 79 80 Noi.VW pf. lie 07t4
Kalrbnks . 7'.' .".0 < >h lldvAB.. 7% 8',i
Fisher Bdy 79 89 Ohio Fuel. 40 41
do pf St p.: out Silver. .'IVi 4'*
Freept IV* 12 7 12'i Oils E pf.. 75 95 i
fiKs'on ... Hi Hi Otis Kti'dp. .. t;0 I
On Asph pf ?7 88 I'm- ifonrt. 11 ::o
Ch'ii Cigars ." 1 57 ilo 1 pf.. 50 10.)
do pf.... 88 100 do 2 pf. . 4>t t'o
do db pf. 8:114 I'O I'm- TAT... 48>i 49
O A Tar.lt. .'{li'i 4". ranbaridlr ! 8
Gen M?%. 01 0154 <!.. pf 21 19
do 70 71'4 I'rnney pf. 87 Si
Olllland pf 25 50 Peoria IE. Ifl'i 11V4
Goodrlrh . .20 Sl'i I-, re M pf. 35 40
do pf.... W,1 do p y... 49 "4 a
"IUI.II/ ... i . - inuupi
f.l?y & D. 1' 12% do pf <18% 74
(it Nor pI. ?7% 08% this CM pf. 81 8* |
C.t NOreetfi is 2->' nttj, Hflpf. 80 K'i'i
Guan Pu. S 8% Pond Crk.. 13% 1 *>'i
' fill V...v 7 8 IT St Car. 7Pt 72
do pf 2(1% 22"i tl., pf ?| 87 '
Gulf Ht| .. :!') '11 1 'uli Serv.. t'.S do
I pf.. .. I'*' Rand 20 27
Mablr- III.. 10 Hy atr?lSp. \2 87 I
Hnrtman .no 71'8 .to pf....100 i
Harv pf .100 r- is #Sar.llO I
Haskell *B ." I Kobt Rela.. II i
IT-ndee M. 17 17'. do pf 48 7.2 a
Hack Vat.. .77 Rop Stool pf 81 82 j g
Homostak". .74% ".<> Head 1 pf. 38 40
Hydra! St. 10 do 2 pf.. 3!? 42
do pf.... 4.7 (17 n.ur.Inston 1!>% 22
HI Cent.. .. #18; 112' do 1 pf.. .. 77
IndianHof. 7'i 0 do 2 pf.. .. 77
do pr 37 Replffle 54? 1. Ill 22
Int Asrl.. 7 7% St J He ad. 11 12
do pf. ... 37 :t!? Snn C Bug.. 2 2%
Tntr-r. C..n. 3% 3% f?nva?o A.. 10 12
do pf.... io% 1! s. abdAH. 7,% i;%
Tnt f7 mnt. 20 27 fl-flbk pf.. 2'i 90 ,
lot MVSp.. 7,si; ?n So PortoSu 37 4?
Int Nickelp 77 f>0 do pf WJ
Irt I'nr-r pf 00 1": Stand Mill. 93 10"
do pf rt. M 70 ..., pf.... rn 77 I
lot Salt .. 47 . st?.| #Tpf 72% 711
Iowa '"int. 4% 7% stern lira..107 12" i
Iron Prdts. 22 20 Sttidebki r p 924 93%
Jen ' T pf. 2" .".3 Strom her* 32% 33%
lonea T"ti. 13 21 Pup Steel.. 30 33
fC CP'S pf. 111 % . do pf.... 02%
KanCS pf. " 7.0' 7 Tentor A.. '1% 8\
K-tyror , 7.7'77 d<. t: 7.
do 1 Pf. .!" % . Term Cop.. 7% '"i
7S t. xas I/I'..230 2">
K"l MpTS'l. 7'i "i Third Ave. 1*. Id
K.I V." !. '< .11 Ti.;? WaO.ttO 1.0
do pf 80 p" Tob I'rdpf. 77 87
He.I (f-P'M. 10 TSf.W pe . 10 12
An i ... 23 .. j .I., pet... Id 18
KH-re pp.in no Trnns ftjy. 30 37%
K- te if. !i7-? 113 Tv.ln (My.. 3d 43
Kre5.fi HI.. .. 82 I d" pf 07.
do pf.... OA l*p<1?nv.| .12114 172', I
n. to r.? 1 .in pr mi livi
LmK I'kW. 10 14 t'n'rn TnK. 02 1"" I
do l?f.... 1""i do pf M 1
T.ro Tiro. . 27 20 | trnlClK Pts.12-1 2"" I
pfii?> 1<>:: .'o pf 100 io-.
d,, n. , ,14* ir. I Ob .Alloy. 1 or. I
T.lma t/ooo. ill * mfi* 1 pf 1? 41 I
i.. pf i>o i i'm:\pr. o :.'4 .v;.
fprll' ' pi"" !" 17n Uytnpf. 10 1014
I,no .M - '"'4 *14 V HCIIIfM. 1'1'i 1"
rlo 1 pf.. PI 00 ! I'm pf 42 4"'
.. -j i.r . : i 11" | rrsm.it.. . -3 :<>
>4*111*00 '0 fl d<> pf 40
do pf.. . "IPi 0.0 Vn-Parn P. 20. 27
ViBliAll'ir TO 41114 Va-t r?C.. m ?'?
liar'In f'i. 1"0'. Pi1- ' V.a TlvAPoiv 4".
Mnrhnv i-"'4 ?" 1 VIIAllt-d p 7 s 81
ilo pf. . . *"U | Vlvmudou . IV"v 7
Man*II flu 27 10 Whb pf P. 14!. 1?
do rf- P.miWrl.or *H 10'? 12
Marie i 17 l'i 'V,r, K*r. N1 s 1
do pp. . IV. ? pirll. M 80
,1. Pf. 10 17 \Vr?t VJpf 11'4 20
Vnrlln II ""4 II IV.-ft T pf. lil OH
Math Alk II ?" Whorl M.17 A"; "
V, . V 1 \ i V V* .! . H a I
, " -I 10 \. -cHfnv
tip--'. All *2 do pf AO | ?
pf. 01 W1. Coot. V ;
V-xv ' . ' 4", 4V .olwrtb 11:14113 1
P. 2 rf 1'; 0 i pf I'l".
m. * ft .. 7" fo ! Wort it l no P "-"I 4"
Ml-h "fl 00 1 do pf 1 77*. *0 ,
M HIM M P.* 70 1 do pf B. . Ml 70
do pf. . . 4 2 M I A'
hllMor* nnd hn.'knoll* booomo ao paIii- , n'
rui a* to fiincc otnctency. m
VAffDEBBILT TAX $291,244. il
of
State of l'fnri?jIv.-inln Cnmplflf?'i;;
rifntr CnllrpOnn.
l-fAnntanrnn, Pa. July IS.?AndltorOrnornl
S-imuol S. R. Lewi* fn-rlny completed
the rettb merit of Ptntr taxo* "
with the estate of William K. VenderWit,
rrcolrln* $2)1,244 ,?<i the Ft'ite'a ir
dirixt and collateral Inheritance taxpa b
oil property owm il by Mr. Vanderblltln r<
Pennsylvania. b,
The aroater part of it wm direct tax tc
at 2 per cent f
1921.
rifihc Wiatth. of ] SI J
H ||
bjlj Loans and Discounts .... 28,166,248.87 j
lliltlla i Cash in Vault and in Banks 6,225,725.53 I j
]}iVCustomers' Liability on Ac- I [
iifeliM ceptances 613,930.20 i !j ?
u Accrued Interest Receivable 26,893.33 ! |
Total $36,674,729.35 j
SS;ii LIABILITIES.
LIIl Capital $1,500,000.00 ||||!|J
^urP'us anc^ Undivided 'fllli Jj
Unearned Discount 270,932.72 j||||| | jj
!||i DcpoSr^ V.". .^..' 33,096^62^92 m'!
m Acceptances Outstanding . 787,905.98 fyl j]
iil'liiH l iFTH AVENUE AT 32ND STREET I fi! ill !
'!" >*rs"V MADl HON AVK.VUE AT 11CTH STREET U ffiffl
^ : ,
SEMI-ANNUAL REPORT OF THE
Lawyers Mortgage ComPany
Richard M. Hurd, President
JULY 1, 1921
Two event? have occurred in the past six months which
emphasize the unique investment position of Guaranteed
Mortgages.
1st?Forty of the leading corporations in the United
States have pasF?d their dividends on securities amounting
to more than $800,000,000.
2d?The Loclcwood Investigating Committee has shown
that insurance companies during a long period of normal
pre-war yoaro have received 1% higher interest rates upon
real estate mortgages than upon stocks and bonds.
For absolute safety of principal and interest r.nd a good
income over a long term of normal years, Guaranteed
Mortgages form the premier security of tho United States.
Since the Lawyers Mortgage Company was organized
it has guaranteed $635,097,029 of Mortgages, of which
$500,098,101 have been paid in full, leaving now outstanding
$134,998,528.
1st Half 1921
Gross Earnings $802,207
Expenses, Inch Taxes 372,671
Net Earnings $429,536
ASSETS I LIABILITIES
N. Y. City Mtgrs $7,7*2,961.81 ! Capital $6,000,000.00
Accrued Interest 172,797.95 1 Surplus 3,600,000.00
Co.'s Office B.'dgs 1,131,924.02 Undivided Profits 73C,014.81
Res! Est.te 165,821.19 Mtys. Sold, not del 135,229.27
U. S. Treasury Ctfs 500,000.00 Mtg. Nassau, M. Lane. 438,600.00
Cath 861,458.23 j Reserve for Taxes 155,435.64
Res've for Prems., etc. 150.22429
$70,6141963-20 $10,614,*>3-24
The Assets and Liabilities of the Company have been
verified by tho Audit Company of New York. j ;
The Outstanding Guaranteed Mortgages of the Company
are divided among the customers of the Company as follows:
57 Savings Banks $20,622,639 i
1,526 Trustees 29,452,632
5,226 Individuals 60,849,504 j
215 Charitable Institutions 11,534,178
18 Insurance Companies 5,818,151
18 Trust Companies 6,72!,925 j
7,060 $134,9981128 '
BOARD OF DIRECTORS
Howard 5. Bnrdcn Koocn v>a.ion uoeier ivooert l. ! irrreponl
Theodore C. Camp Charles P. Howland Thomas N*. RhineUndm
Guy C?ry George A. Hurd Samue! Rilicr, Jr.
Frederic R. Coudert Richard M Hurd Henry L. Sfimron
Edward Dc Witt D. Irring Mead Charles H. Van Hise
Cecil C. Erers A. Henry Mcsle William I Walter
Julian P. Eairehild Bror.son Winthrop
Detailed report in pamphlet form mailed on request.
59 Liberty Street, New York
184 Montague Street, Brooklyn
4 Herriman Avenue, Jamaica
_ I, ZZZ. I,, . ,..i. i in iniw~. '
moomvi*uwTmrvLMvm nmmut r iinnii an h??i?w?w?i?i????
The New York Trust Company
Capital, Surplus c? Undivided
Profits - - - $26,000,000
LONG TERM BONDS
There arc many attractive long term investment
issues in the market today. Our
Securities Department makes no charge
to customers tor furnishing information
or for purchases for their account.
Mjih Office
zG Broad Street
Lthe'ln Offiee Fifth Avenue Office
no Broadway 57th St. if Fifth Ave.
.
lilt \. I.OMMi KOItElO* Tn%l>F.. I'lIRMICA 1. BAAK OAIAS.
I'jI ILA: ' H1A, JUI I >r' KI I li? Sliiiinn n? "i ?.! \ niinii'Ai .sj,the
|H>rt uf Philadelphia In lh< flr?t tlonsl Hank of Now York *.? of June Ji)
x months of th's >enr dtillned 9206,- ' shows depoilta of 912.1,499.107, sirnlnst
3.-44, o<>mi'.ir. d with that of the nix 9109.344.7i4 on April 28, an Imrrirv of
onths of 1!>2?, according to statistic* I 914.185,351 In two months. The bank's
ailc public to-Jay by the <'ommlelonern Uans and discounts stand at 3113,479,Navigation.
The value of the port's gss. It* capital stock Is 14,500.000, Its'
iports totalled 975,041,705. a decrease surplus 813,500,000, and Its undivided ,
' 872,800,574. and of Its exports 873.- j profits $1,839,725.
16.675, a decrease of |113,727,20X. ________ I,
I, ON now WOOL AlifTIOI. I'
n\M< TO PA V * CEft CENT. LOMPON, July 13.?The wool suction
Ti e director of tlto National Bnnk of . sties t,>-day brought out a fair se|e,> j
>utb Africa haw recommended that It j Hon. Merinos occasionally sold 5 per
?\ dividend of 8 per ernt.. shsorblns. 1 cent shove the opening. v.hlle croseItli
Its dividend rnld, ?237.200, accord- I reeds were Irregular.
iK t? Cable advices received yesterday I
omtn<*n<led nil icatlon ?f ??0.000 to the rKNNSA LA A*1A OIL MARKET,
(ink's officers' pension fund and ?50,000 OtL CtTT, July 18.?Credit balances.
Its reeervs fund, making the latter $2 25. Runs, 34.31#; average, 40,254
300,000. Shipment*. 44,1771 average, 8#.710.
K
%
ilBPORT OF THE CONDITIO* OF THE
BRONX BOROUGH BANK
t the elose of t*uaints? on the 30th day of
June. 1031:
f|t Jl*RCE??.
loarie. . . . .... J30.119.87
Itber- cum kA authorized by
the laws of the t'nited States . 301.944.00
'ash items. \ Iz.:
rlsrhanres and
Oit' ks fur next,
lay's clearings. J3.887.8il
Other cash Items 14.470.81
?? 17.838.34
>ne from approved reserve cie1'otiitaries,
less offsets 367,379.61
:t ock and twitd in vesicants. vt?
Public securities 518,517.53
Private wcuriUm 838.330.tK)
1,300,847.63
.oans an4 tHsOounte secured by
I mad iiirl mortgage. deed or
other reul state collateral. . . 38,708.75
.oans ami discounts secured by
other collateral 806,095.65
awns, discounts and bills purchased
not secured by collateral
1,078,108.78
ivar'lrafts ,. 2,407.87
loads and mortgages owned . 441,270.00
teal estate. 38,644.75
Itber assets, viz.:
Furulture and
QsCtes $5,650.08
Accrued interest
not entered on
books at close
abovedate" "" ? '??
War savings ana
reteuue stamps Z4U.JQ 42.670.27
S4.400.S09.32
l.IABTI 1T1KS. Ji 90.000.00
'apital stock ...
.urplus: . ?-.n ooo.OO
Rurplus furrl ''" rrJJ 14
IT.rllvlded uroflM 90.76a.34 10o,7o8.H
Jeposits: . ..
preferred. as follows
Due New ^ ork
Btate saving*
banks . 14k.4?a ?
Due New ^ ork
State savings
and loan associations.
<Tedl?
S5& Ntnk' Q 3.094 06
Deposits hy the
York ?f W 00.000.00
Other fleoosits
secured by a
pledge of a*- 13e,810 0i
Not preferred, as follows:
Je^Tto'choek 3.803.674.4O
Demand certificates
of do- 980 oo
posit ...
Deports wftndrawablo
only
uu presentation
of V?&>- o - - ?>iq 7a
books 375,ZIP.'w
Cashiers" checks
outstanding, ncludlu*
similar
hecks of other v 500.59
Otrtifled checks W.W.W
a *K7 1 *
rr^t.vl Hotvseitc
koceptanoes of drafts payable
at it future date or authorized
by commercial letters of credit 2,930 00
Jther liabilities, viz.:
Accrue 1 lutereet
uot entered on
book* at close
of buetneiw on
above date. . 600.00
Estimated unearned
d 1 s counts
6,000.00
6,600.00
Total #4,480.903.32
THE NORTHERN PACIFIC TERMINAl.
COMPANY OK OREGON
First Mortgage si* Per Cent bold Bends.
Duo January 1, 1933.
The Farmers' Loan and Trust Company
is Trustee under the Mortgage made by the
Northern Pacific Terminal Company of Oreton,
dated January 1. 1883. solicits offers of
tonds for the sale to the Sinking Fund under
ial'1 Mortgage of en many bunds of said
??\ie as #73.447.20. applicable to the purpose,
trill redeem at not exceeding a premium of
en per cent, upon the principal, and that It
vlll purchase said bonds to the extent of the
aid #73,447.20. being In Its hands for that
>urpo?e. at the lowest price or prices not.
acceding the rate above stated. Offers of
ioik'.s must be presented before 12 o'clock
S'oon on Friday. July 13, 1921. and should be
i! reefed a< follows: "Proposals to Sinking
fund of The Northern Pacific Terminal Company
of Oregon, The Farmers' Loan and
Trust Company, 16-22 William Street. New
York City."
THE FARMERS' LOAN AND TRUST
COMPANY. Trustee.
By JAMES H. PERKINS, President.
Dated New York. N. Y.. July 1. 1021.
P1VTP FINDS AND INTEREST.
THE AMERICAN TOBACCO COMPANY
Kedrmptiuu of Serial Notes Maturing
November 1, 1921
Tito Amerlcna Tobacco Company hupehy
give* n. tic- that It will radeoin and pay.
on August 13. 1931, at th? office of Guaranty
Truat Co. of New York, 140 Iiroads
ay, Borough of Manhattan, City of New
York, all, to wit: #3,333,000. at par of tta
f'cri'ts C uo:?w dnfen Novsnbsr 1, 1918, mtt.uti.ig
en November 1. 1921, at par with
interest accrued from May 1, 1821. to said
Auguo' 13, 1921, and with a premium of
one iter cent on the principal of said
tote*. This redemption Is In accordance
vlth the torn*? of Article IV of the truek?re0ment
of November 1, 1918, to which
Phe America n Tobacco Company was
tarty of the first part, and Guaranty Truat
ompany of New Fork a- Trustee was
tar'y of the second part, wbereunder $23.jOrt.OtVi
at par of 7% serial gold notes
vela Issued. Series A and Serine B maturng
r'wpocrlvwiy November 1. 1319, and
Sovamber 1. 192?, having already been
aid. and this notice Is in accordance with
-aid Artluh.
Holder of any of itsld Serb-* C of said
"rial gold n oats maturing Notember 1,
1931, may present sti.il on. or at any time
ifter, Aagunr 1.3, 1921. at the office of
aid Guaranty Trus- Company of New
fork, anil the said notes w ill bo pa d with
ictrrved Interest up to August 13, 1921, and
he premium of one per cent, at a fnnstaid;
whether ?o presented or pot, euch riotcc
hall cease to draw Inti-m-at on said Actus
t 13, 1921, and cteipi,m? for lfiteredt sub'snuroit
to that date shall bo void.
rim amk.uk an tobacco <ompany.
By J. M. W, HICKS. Treawurcr.
July 14, 1921.
THE AMERICAN TOHACtO COMPANY.
Ill Fifth Avow?.
Now York, N. Y.. July 13, 1931.
Notice Is lieruby given that at a meeting
leld to-day the Board of L'lrectorw of The
Vne rloan T 'saeco Company declared a dlvtlend
of $4.73 per share, payable at par. In
'ommon Stock of The M< ngel ODmpaay. to
'ommon tunl Common II stockholders of Tim
American Tobacco Company as they appear
?n the books of the Company at 12 o'clock
iwion on Saturday. July 23. 1931, the payTen?
and ciMriburtnn of such dividend to be
matte on and as of Monday. August 13, 1931,
or as jnici thereafter a* U isMUlbke.
This distribution Is at the rate Af $4.TS la
i-ar value of the Common flfock of The Mcn<*
1 Company . . .?eh one share of the Common
Stock am Caramon Stock B of The
A merle.-. ;i Tobacco Company, and the Cosn
non Ht? I: of The Men ml Company Is lteejf
if *160 par value: fractional warrant* will
sue to sold sti* kholders of this Company
onvertlblv when presented In an amount or
intonate aggregating cute or more whole
lhares. ard the rlglit of oonvcralon aholl not
>e limited, hut until convcnsloti the holder*
>f fractional warrants will not b.> entitled
<? vote or receive dividend*.
Certificated ami Fractional Worrnnta will
>e niallcd. J. M. W. HICKS. Treasurer.
The Midwest Refining
CcmDanv
lar i!n i.t.-nd No. 'JT of fl.<*> per share
ind .Ntrn dlvhlmd No. JO of 11.W per share
,avr heeti .It-dared, payable August 1. 1021,
o stockholders of record, at the eloM of 1
easiness July 1), 1021.
Thj transfer books do not close,
H. II. Itrooka,
Secretary.
IVnvrr. Colorado.
Fire Baltimore & Ohio Railroad Co.
oriTCR ok Tin: sbciuttaht.
Ilnltlmoiv. m.i , July 13. 1021.
The IJonrd of Dlractora this tiay declared
fur the el* month, ended June 1)121,
from the net carutnm of the Company, a
dividend of two >2) per eenf. ?vn the P?
ferred j?tor)t of the ''ontpany. parable
;i"pl> rrlier 1, 11?"JI. to ?h' stockholder* rf
. . ;<t the i|..?e of basin.*** on July St),
K?7t
The Transfer Hook* ulll not close.
?*. W. WOOLTDRD. Secretarr.
The International Nickel Company.
\ nuntierly dividend of one and one-half
yer cent on the Preferred Htock has been dr.
tared tlito day. payable August 1, 1031. to
lie Preferred Stockholders of rocord at Use
lose of business July 1.1. 11121.
JAMKS I . AhlH.HT,
Secretary A Trcaeurar.
ffewJTork .Juliv 11. 1W1.
iUK rrrremin.il t\i-i mi:i.im\
i:\iiv.\i t'tiMP.W?
plirTKRKV.il MIVinkMJ N't'MBM 1?
Tl: llirtrtl f IHrret >rs has declared a dWdenil
< f .m.- end < nr-hnlf (1' a i per rent on the
Pr. fern I ?t ? k >.f the Company fhr the
quarter rndlnt June in, loai. payable August
I . M-Llifitilt-I'd I?i PtH*t?-il at Ihfi
r|on0 of bu^lm-vi iiu i, "i'i'ji. ? ?
PltUbtirath. July \92l. 8ecreUrT