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A High Yield ia obtainable froin the stock\ of tho Dafoe-Eustic- e Co. Makers of tha well known tlsfOS PRODUCTS A standardized Una of na- tionally advertised canvas soods and Ustus Llra-ouset- ta (or Ford Cars. Send for Descriptive Circular. M. J. Hoey & Co. Mmhtr of N, Y. Block Exchange. i 74 Broadway, New York Telephone Rector 4530 ' Central Teresa Sugar Co. i Common Traded in on the Now York Curb. Bernard J. Ferris ' Specialist Z Braid SU N. Y- - 'Phone 64 Brotd Superior Oil ' m n m m n Ms Thomas Morris i Specialist 25 Broad St., N. Y. Phones. ' Office, BroaoT 1889 Curb lroad5j.38 Stanwood Rubber Common Stock Bought Sold-Quote- d Circular on request Bolster & Company 40 Wall St., New York Telephone John 9 LIBERTY BONDS All denominations bought for cash lUied on the doling we pay 50.H for a 50 8?. Band, 60 Coupons MI.0.1 for uSO 2(14 Hand, 1 Coupon ti:.2H for a $50 3d4Vi Hond, 1 Coupon M6.2S for a S0 Kh4W Bond, Coupon. 150.34 for a SSO th4ir. Victory Loan & CO., Tel, John St74-5.-- 84 Tin. fit, N, T. ionds for Invesimen Harris, Forbes & Co I'lne Street, Corner William NEW YOItfC j I Investors read The TVII Street Joufm! Less Leaf Tobacco Held. Washington. Oct 29 Leaf tobacco JIi by manufacturers and dealers on ctcor 1 aggregated 1,2(3,7(9,670 WurJs, against 1.627,233,876 on April 1, Census Burtuu announced The latest figures Include chewing, arjuff and export types. 391,-3- 3 m pounds, against 1,265,3(9,24 on l. cigar types. 30S.973.044 pounds, esaj-.kl- 303.565.8CS, and ImporUd IVren, C9,l8,04 pounds, against TRADINGIN LONDON CHANGES ITS TONE Ifltorost Shifts to SnCCUlativO Issues as Rulibcrg anil African Minos, NEGLECT THE GILT EDGED I I Oils ami Textiles Are Bought, jiuuvny ijiuio iicca raid to Dividend Yield. BpfrttX CaHi t)$tPAlh lt Ts Be. Copyright. ;m. oH rAt rwrvtaf, London, Oct 2?. Varlpus Influences have operated tn the last1 few days to chance the tone of trading- - on the BtPek Exchange, Shares of a speculative char- acter, such as rubber)! and South Afrloan diamond mines, have been taken up with great vim and Investment Issues of ths Bllt edged type have been neglected. Oils and textile shares also have been heavily bought Little attention Is being paid to divi- dend yield, purchases being based almost solely on hope for accretion of the prin- cipal In a short time. Buying of the above classes of shares developed Into what might be termed a bull movement of moderate dimensions. The reason for such a boom In speculative Issues is readily discerned, The moat unsettling- - Influence has been the crisis in the Government and the sudden realisation that the national finances had reached a critical stage, with the definite statement that the fis- cal year will show a deficit of 12.158,-226,0- In Government revenues. It Is taken for granted that another war loan will have to be floated and this Is hanging like a pall over the In- vestment market, eliminating many pur- chasers who would bp taking standard shares. Pear of Capital Loy a Factor, The next factor ,1s fear of a capital levy. If such a levy should come and 1. Is being taken serlouriy It would take away a big slice of all fortunes; There I are naturally those who are discounting tha Uilng already by making what they determine to be the quicken use of the money that the Qovernuier , may take. They are buying specula. ive shares In the hope of recouping, in a sudden mar- ket boom, enough to pay the tax col- lector and have their original fortunes left Ever since the annua) report of a big rubber company last week In which the chairman said he believed the world was facing a rubber shortage Instead of the much talked of overproduction rubbers have been bought eagerly. The diamond discovery In South Africa and reports that 100,000 shares of De Beers Con- solidated were being 'bought at $150 by a New York syndicate for American In- vestors has caused a similar movement in that group. The. textile Industry Is prospering as never before, and several offerings of textile shares that have come on the market were tasen readily. There Is nothing new In stating that oils are nctlve, but now and then the buying takes on added vigor, and one of those periods prevails. Stock Market Is Still Stable. In view of many problems political nd economic looming up from day to day the stock market remains remarkably stable. There is, however, ample war- rant tor that strength. England la com- paratively quiet in contrast with diffi- culties arising tn other nations, and no trlkes worthy o mention are In prog- ress. The railway debacle, which caused no end pf suffering, has a'mpst been for- gotten and- - unemployment gradually Is being alleviated. Thus only the peren- nial high cost of living and other trou- bles common to the world in Reneral to struggle with are left. Speaking from the ppeculatlve viewpoint, conditions fa- vor optimists, efcnd they are not Ignor- ing their opportunity. Barclay's Bank, which has been the c'earlng house for north Russian rubles and agent for the Russian Issue of paper, ceases to act in that capacity on No- vember 1. The phenomenal succeee of the British branch banks In France and elsewhere has led to capital Increases. The London County and Westminster Bank has just Increased the capital of Its Paris branch from $4,000,000 to and will open a branch soon at Nantes. HOPE FOE GRAND TEUNK BILL. r Ottawa Caacns Shows Flfty-al- x Government Supporters. Bv fl'tilf CorrciponttHt ot Tks Sox. Ottawa, Oct 29. The Government supporters in the Senate held a caucus this morning, out of which there comes some cheer for the threatened Grand TninU bill. There are Cfty-st- x normal Government supporters In the Senate and thirty-si- x Liberals, Arthur Melghen announced that Sir Walter Cassels, Chief Justice of the RTxchiquer Court, had consented to be the third arbitrator. It Is probable that the other two will be experienced rail- wayman. Mackenxle King moved an amendment to Btriko out the thirty year time limit for tli.i purchase of the Orand Trunk bonds. The Goernment would have ti pay a hluher rate of Interest on borrowed money lhan on the Grand Trunk bonds, but thoMO bonds could be bought on the market for much leas than their par talue. COPPEE PRODUCTION REPORT. Cost In 1018 Was Sllxhtlr Over 10 Cents n Found, Washington, Oct 19. Copper pro- duced In 1913 cost slightly more than an averago of sixteen cents a pound, ac- cording to the report of the Federal Trade Commission to Congress, made publlo The report covera eighty-fiv- e companies In the United States. Canada, Mexico, Cuba and South America, producing ap- proximately 2,250.000,000 pounds of cop- per, and 95.5 per cent, of the total pro- duction of the United States. The amount of Investment of the elghty-flt- e companted In 1918 was more than tfi72.000.000 ard tha nroflt realized averaged a rate of 23 per cent on the In-- l vestment. Slightly more than fifteen cents a pound In the Arlxona-Ne- Mexico dls-- i trlct was the lowest average cost and more than 17 H cents a pound In Michi- gan was the highest cost of the States tabulated tn the report, while copper pro- duced In South America, Cuba and Mex- ico In 1918 cost an average of about 16 cents a pound. The report represents 94 per cent of the production of Chile, 71 ot Peru, 58 of Mexico, 20 of Cuba. Custom liouae Uecetpts. rUcelpts for duties at the Custom House yesterday were $699,073.62, of which $176,044.36 was for merchandise withdrawn from bonded warehouses and $523,029.26 for recent Importations. Loudon Money Market. London, Oct 29. Bar silver, 66Hd. in ounce.. Money, 2T6 pep cent Dls-cou- nt rates Short bills, 4H per cent; three months bills, i per c&L (jiald premiums at Lisbon, 140. UNITED RAILWAYS ' INVESTMENT REPORT, T otal Income for Year Shown. as $1,666,192. Tlle ann\al report of \the United lull- - terday, shows a total Income 'for the yoar of $l,6B,li comprising dividends and Interest received on stocks, bonds. Ac, agjlnat IM0S.50& In the precedlnn r. expenses, taxes, &o,, were charged Hrll VeiVlvMlllagnti The total surplus aa of Juno aot. nfter n adjustment pf a pront K, i,S2St rr(.isfi\' WM The balance fihe At AH nf .Tun ft ft ih nnra total asset)) and liabilities of J65.080.468, a decline of more than 140,000. Assets mcuded notes receivable, $l,e6,000, sinking fund, 131,611 j cash, I10,l7s interest accrued, IJS.800; Philadelphia Company dividends, 1 358,326 1 other ana securities owned, Liabilities listed Included pro-iV- rd ,tock- - UO.QOO.OOO! common stock, \2\.00; 6 per cent gold bonds, IJB.- - Sni ' per cenU not'8 f 19t 790,-uo- o i 5 per cent gold notes, 11,000,000, i',\ .JIl?d Btock dividend certificates, Tr;v!i00' not\' ,oan8' - Pyable, BJS.0Q0. Other current liabilities, luJ,-UJf- .1 reserve. 11,851,937, und profit and \ Surplus. 17,389,605. CHASE SECURITIES ABSORBS A BANK Buys 51 Per Cent, of Capital Stock of Metropolitan and Bids for Balance. One of the most interesting banking dek-l- s In, recent months was announced yesterday when ths Chase Becurlt.es Corporation stated that It had purchased 81 per cent of the capital stock of the Metropolitan Bank. The price paid was $150 a share, and the same offer was pre- sented to the scattered minority holders In letters milled 1rb nlcht Ttia M. of the major ty stock of the Metropolitan Bank was tho Metropolitan Life Insur ance company. Eugene V, B, Thsyer, president of the Chase National Bank, who made the orrtclal announcement of ths transaction, sa'd that a circular embodying an offer of IJ50 a share' to tho minority stock- holders would be rallied at once. Met- ropolitan Bank stock was quoted yester- day In the market at 275 bid, with no Htock offered. On Tuesday the bid was 215. The Metropolitan Is f, State Institution, having a total capital of $2,000,000 and a surplus or 12,800,0(W. Its loan, dis- count and nvestment item in last week's bank statement was In excess of and Its total deposits roughly 131,000,000. The main office pf the bank Is located at Fourth avenue and Twenty-thir- d street, In the Metropolitan Build- ing, and It has three branch offices, one at Broadway and Maiden lane, one at Broadway and Prince street, and what Is known as the Shoe and Leather Branch In 207 Broadway. Whether or not the Metropolitan would be ms'ged with the Chase along lines of the precedent established- - by the Chat- ham and Phenlx Nat onal Bank when It obtained several branches through purchases of State Institutions was not stated yesterday definitely, but It was Intimated that tho Chase would operate the offices of the Metropolitan as ad- juncts to Its own business. It was said that the Chase has surprised the entire banking community In Its purchase of control of the Metropolitan, and that a larta expansion of Its facilities would result from thn completion of the deal. ELECT H. F. THUBBEB.. m t Xevr Prrsldent of N. V. Telephone Company Is Chosen', H. P. Tharber, of th, New Tork Teephone Company, was elect- ed yesterday president of that corpora- tion. Mr. Thurber has had charge of th companies constituting the eAstrsi group of the Bell system, which Includes the New York Telephone Company,, the Bell Telephone Company of Pennsylvania and the Chesapeake and Potomac Telephone Company. FINANCIAL NOTES. . Ausuat Keekioher has been elected a director of the Leella.Judss Company ot this city, Kuhn. Loeh ft Co. have received 3700,-00- 0 In sold bare from London. William Farion hae been elected a direc- tor of the Cadet Hosiery Company. A. W. Mellon and Everelejr Child, have been elected director! of the Crucible Bteel Companv of America. New Tork Stock Eichinge has admitted to dealings I'an.Amertran Petroleum and Transport Company rlghta. I New York Truat Company has been ap- pointed registrar of the common stock of trje. Mejleyiyilde Oil IteHnlnv Company and transfer agent of lha atocka of the It'lcher Divide, Uelrher Eilenilon Divide, Divide Kxtenelon Company and Victory Divide mining companies. Mercantile Truet Company has been truttee of an lnue of first mort- gage bonda of the Vermont Hydroelectric Corporation. Chtrlea 11, Teters of Oklahoma has been elected a director and of the Middle Rtates Oil Corporation In charge of 'he rompany-- extensive usage production development. vage Arms Company for the quarter il on Peptomber 30 reports surplus . r charges. Koderal taxes and preferred ditidends of ll8,7rj. against IS,1S In ma same quarter oi isis Odd coin amounting to 1100,000 has been withdrawn rrom we.Muo-rreaiur- y ror snip-me- to China via Han Franclaco. Gold bars to the amount of I4I1.I2C have been taken from tbe Assay Office for shipment to raris. On November I the Central Union Trust Company will pay the first coupon on tha per cent, notes of the Jewel Tea Com pany, ' \i\4\. .iCoi.h?? Pu\helJ I of 7 and will per r.nt . cumulative preferred slock of the nerkey & Cay Furniture Company of Orand lleplda. . B. W, Wagner ft Co., members of the Hew York Stock Exchange, have opened a branch office In H Kast Forty-fourt- h rtreet. under the management of Arthur R. Orasshof. C. B. Welles & Co. and Harvey Flsk A \ona syndicate manngtre ot tho 7O.05S shares of Superior Oil Company slock of. fered for public subscription, announca that th Issue has been largely oversub- scribed. Hankers Trust Company haa been transfer agent for the ah area of the Magna Oil and Iteflnlnr Company and the Liberty National Hank has been chosen registrar for the stock. Permanent organisation of th Tan-han- dl Producing and lUflnlng Company hfM been effected by th election of the following directors! Hoy B. Jones, C, A. nrrnes and K. J. Bhaw nf Wichita Falls. Tox.t J. A. Germany and Thomas Mor. rlsaey of Dallas. Tsx.I Felix T. Hoaen of llayden, Ptone ft Co., K. C. Lynch of Mer- rill, Lynch Co., Jansen Noyes of Hemp- hill Noyes ft Co. and c. r. Hmlthera of F 8. Smlthera 4 Co. The board has by the election of the following rncersi Ry H. Jones, nrerldent; J. A, (tertnany and Thomoa Morrlssey, L. C McCiure. secretary, ond M K. Chambers, treasurer. Herman Olavarrla. formerly of th Banco Narlonal de Cuba, Havana, baa been appointed assistant man- ager of the Mercantile Dank of th Amerl- - At a meeting of the ex. entire commit-te- e of the Ocean Rteamshlp Company of Ravannah, held yesterday. Charles A. Pea-bod- y resigned aa chairman and Charles II. Markham was elected to aurceed him with headquarters In 131 Cast Eleyenth place, Chicago, At a meeting of the executive commit- tee ot the Central of Georgia Hallway Company, held yesterday, Charles A. Pea. bodv resigned a chairman and Charles II. Merkham was elected to succeed him with headquarters la lit East Eleventh plaoe, Ohleagi. THE SUN, THURSDAY. RV\a D ITCH W) BUY STEEL ON FEAR OF STRIKE Extraordinarily Heavy De- mand Is Gauso of Sharp Advanco of Trices. CALL STILL CONTINUES Largo Buying Affects Steol Products, Particularly Tig Jron and Coko. Heavy buying of steel and steel prod- ucts, particularly pig Iron and coke, has made Its appearanco since the bltu. mlnous miners announced their decision to strike on November 1 and as a re- sult ot the extraordinary demand for these products prices have risen very sharply. Notwithstanding the price In- creases, the demand has continued with little let up, according to the, weekly trade reviews. '\.The order of the soft coal miners' union for a strike of 500,000 workers on .November 1, whatever may yet bo done to avert actual stoppage,\ says the Iron Ao, \has sharply accented market conditions produced by the steel strike. Pis Iron has been bought op a large scale at advances reaching $2 a ton and In some cases more. Scramble for coke has sent prices up $1 to $1,60 and In several finished steel products, following recent advancing tendency, has corns an active demand that has made the scarcity more general. \The middle West has been the centre of action In pig Iron and foundry and malleable Irons have been bought heav- ily for prompt delivery and first and second quarters of 1910. One seller at Cleveland disposed of 100,000 tons In ten davs. Buffalo, Western Pennsyl- vania, Northern and Southern Ohio and Chicago merchant furnaces have done most of the selling, but a fair amount of Southern Iron has been taken. \That foundries have urgently needed Iron Is shown by shipments to unusual dlstrkts as from Ohio to Buffalo and New England, from Virginia to the mid-d'- e West and from Northern Ohio to Chicago. Steel maklnir Irons have n' been active, but a St Louts meiter bm-sh- t 25,000 tons at Chicago for 1920 delivery and 6.000 tons from an Ohio furnace. An, Eastern Pennsylvania plate mill has also been a buyer of basic. Effect ot Strfke on rigr Iron. \6lnce pig Iron consumption by foun- dries would be almost as promptly af- fected by a coal strike as would the output of blast furnaces, the latest pig Iron advance represents continued op- eration of foundries on a scale too lare for the current output of pig as has been evident for seme time. \Pittsburg mills are working with practically the aame forces aa In tho previous week, but sll lng forces have been made at Young- s- vuwii, uieveiana ana Chicago. In the Toungstown district eight out of twenty-fiv- e blast furnaces are working, with finished mnterlul In like proportion, 15,-0- men being employed. The Illinois Steel Company has sixteen out of twenty-nln- e furnaces In blat In the Chi-cag- o dlitrlct and the Carnegie Steel Company forty out of fifty-nin- e. \A growing scarcity of cars In all dis- tricts Is due to tho order restricting ufe of the gondola type to coal traffic Ore movement has suffered in consequence aawell as pig Iron and scrap shipments. \In the finished steel trade the fear that their operations might surrer from lack of material has brought more con- sumers Into the market In the last week. Those whom usual sources of supply have failed are unable to plice emer- gency orders elsewhere. Jobbers are having. more difficulties' than consumers n getting1 shipments from the mills.- v \Where; else! billets for forging or rorolllng can be had on new orders the price Is 35 a ton above the schedule. 148.60, Pittsburg, having been done In the East for rerolllng billets. Few central Western mills hav. aeml-flnlsh- steel to offer. nnl,nea materials platea and bars still lead the current buying. Any mills able to make deliveries are holding to 2.50 cents, Pittsburg, for steel bara Laatern makers have advanced bar Iron $6 a ton to 2.75 cents. Pittsburg, for common Iron. Plates are firm nt 2 65 cents, Pltteburg, for this year, and one Eastern company has quoted 2.76 cents for delivery In 1920. Jininu. v,,,ir, i. etlll heavy, shlpjards there being sold Anticipate Coal Strike. The Iron Trade Revlr possibilities aro being antlo pated bv the Iron and steel Industry, and this consti- tutes the ruling factor In th wia proncnu various producers of'.fln-- i Jn4 steel who have been accepting new sni aiong ror rqrwurd delivery have abruptly terminated this pracfee nnd will lmake no further quotations' until the situation clears. Some of them and will make no further quotations The result la that prices In many lines li.ive become purely nominal and much business Is suspended, should the strike be averted anj selling resumed, It Is be-- eved unlikely that any general price advances In finished material will take Place, becauie the larger Intereri arc pursuing a policy of restraint against higher quotations. \Interference by the Ohio State In the steel strlko situation at Canton Is helping along the restorat'on of operations at thnt point This action likewise promlres to work benefits to other Ohio districts where Inability or unwillingness of local cflielals to afford proper protection to workmen materially hna retarded resumpt on at plants. Goneral nrodurtlon of Iron an forging ahead steadily, and of ,,.wii:\!i rf10\ felpg by dc- - ...a riiuti... ui summon laoor Is a source of considerable difficulty, \A large central Western Interest with furnaces In the valley and along the lakes booked 100,000 rns of foundry and malleable pig Iron for first half delivery during the past few weeks at an advanco and ta withdrawn. Chicago makers have made a second advance In as many weeks. \A widely circulated report that stand- ard open hearth rails have been ad- vanced $2 to, 149 mill has been due to a misapprehension of a quotation at\ Chi-cag- mado on a round tonnage for Western roads. The price remains 347 and tales at this figure have been made by an independent mill for next year's delivery. It Is believed that these are tho first orders taken direct from the railroads In anticipation of their return to private control, similar rail negotiations at Chicago Involve nt leapt 1O0.P00 tons. Foreign purchasers of Iron and steel are show'ng a tendency to hold back because of Immediate uncertainties affecting deliveries. Some export sales, however, aro bleng made for shipment next year. An inquiry for 10,000 coal cars for Belgium, requiring 65,000 tons ot steel in addition to axles. Is before. American builders.\ To Have Spnnlsh Ilrunch. Madrip, Oct 29. Major James S. Case of the American International Corpora- tion haa pom pie led the organization of the Hlspano - American International Corporation. The new organization, as a subsidiary of the American corpora- tion, will undertake financial develop- ment work In Spain. r . OCTOBER 30, 1919. Executor Trustee Charterer 1822 The Farmers' Loan and Trust Company Nos. 16, 18, 20 & 22 ,Wifflani Street Branoh Office, 475 Fifth Avenue At Porty-fir- st Street New York London Foreign Administrator Member redaral Reserve System OUR STEADY GROWTH in deposits, without the aid of coneolidations, is definite proof that our service is appreciated! j 190S \ $40,604,000 1907 -- 1909 43,179,000 -- 1911 56,378,000 - 63, 329,000 1919 - FIRST NATIONAL BANK OF BOSTON Deposits -- Resources, Over - Branch at Buenos Allied Oil A well rounded producing, refining and distributing oil, gas and gasoline organization. Present rate of earnings and dividends warrants the attention of Full information on Kohn & 35 Broad LONDON STOCK MARKET. War Loan and Victory Hands Drop Much Lower. Special CabU Dttpateh to Tns Sex Iron (At London Ttmu ferric Copvrtght. Ulii all rlgklt rturitd. London, Oct. 19, Tho moat unsatis- factory feature In the stock market was to-d- further appreciable decline In War Loan and Victory bonds. Home rails were a better market and foreign rails continued to meet support. Weak- ness ot exchange adversely affected French loans. There was some profit taking In oil, but demand for rubbers continued. Liverpool and London and Globe In- surance shares rose 6 points on offer to purchase and marines showed strength. The tendency ot South African gold shares was harder, but diamonds were subjected to profit taking. Money was rather more wanted, there being good demand for short loons at 3H per cent, during the earlr rours. Toward the close ths tendency became higher, balances being placed at 3 pei harden, the demand for bills being less keen. Hanks were buyers of December cent. Discount rates continued to T BID AND ASKED N. Y STOCK EJCCIIANOK QUOTATIONS, To the following prices accrued interest Is to be added. Donds in default designated a dealt In flat. UNITED STATES GOVERNMENT BONDS. Hid. Ask. :. registered , 100 10OV4 !, coupon lin Is, registered 10 lo4 49, coupon IN 2s, Panama, 1!S. registered 954 :, Panama, wt, coupon MVi 2s. Panama, 1M1. reglstend tH 2s. Panama. 1WS, coupon WVi '3s. Panama, registered a Ja, Panama, coupon H Phil Isl. land purchase 4s, 19X1.... M Phil. 111. public works 4s, 1915 \ Phil 1st public works 4s, 1931 (2 District ol Columbia S.esa 17 FOREIGN BONDS. Anglo-Frenc- Extern. Is, 1920 IH 7U' Argentina Intern. Is, ltu 77i si Canada, Dominion ot, (s. 1121 7 1 Canada, Dominion of, IrM M 3S Canada. Dominion of, 1931 93 H MH hot., nu iiug Jls. 61. isei, c 1 Cuba Extern 6s. 1911 ti Cuba Extern. Cs, aeries A, 1949., p 1 11ns extern, ty,t, 1919 78f 79 Dominican Rep, (a. US! 01 1 French, llordeaux City 6s, lilt, :Stl 100 French, Lyons City 6a, 19l w French, Martellles City e, 1919. w French. Pans City ta. lsui ::Stt nv, Jananesa Gov. 4V4. sterl loan. 1123. 12 I2H Japanese Oov. 44s, 2d series, IKS.. Hi 4'4 Japanese Got. 4s, sterl. loan. IW1.. tt 70 JaDaneae. Toklo Cltr. &. isss ?s 814 U K. G. D. A I. J Jt, tn. IMS....- V9 100 U. K. O U. ft I. 6 yr. t(Js. 1121..,. 7 7 U. K. O U. & I. 29 yr. it. 1937... I2K M FOREIGN I16ND3 DEALT IN' FLAT. Mexico Extern, aterl. fa of 'n, 1943, 4? M Mexico Extern, gold is ol '04, 1964.. 42 40V4 Cloatnc prices ot stocks In which there were- no transactions yesterday: nid. Ask. Illd. Ask. Adame Era 30 it rteth S 7V.l00 10211 Al Co. M pf W4 Bkn Edison (14 Jl A A Ch pf. W n 11 II T ctfs 13 It Alb & Hun .. us but ft Susq 70 ;s A Pk Note. 41 nt 1I0 pf...., 4S cm do pf.... 47 M Duff R ft P U'.i 11 Am 11 8 pf .. da Df 100 A Dr Shoe. M 91 burns Ilrot.137 119 do pf 1M 2lU de Df lOJVi 13S Am Can pt.102 103 Dush Term. 83 100 Amer Coal. ,, 73 Dutterlck... r 214 A Cot O pt tl 93 CalPack pf,1204 .. Amer Expr IS lift Cal ft Aril 72 7t Am Loc pf.1054 I0 Can South.. 434 40 Amer Ship. .. 133 Cent Fay,.. .. M Am S Sec A' 10 HI do pf 4t 00 A Bt F.lr pf U4 65 O Leath pf.109 110 A Hnuff pf M 100 CRK of NJ.17S r-- A 8 Tob pf 1H MH C H A.Tel. ,116 120 Ant Tel 4 C W U Cert Prod.. 41 444 Am W Ppf. 644 it do 1st pf. it n Ann Arbor. 10 do 2d Pt.. 71 do pf II 23 Cbl ft Alt.. 7 It A Dry Gds. U M4 do pf.,.:, 13 11 do 1st pf. 7 17 Chic U I,... 32 11 do Id pf., 7S 17 do nf 10 A04WI pf 71 71 0 Gt West. 04 104 Auto S pf.. ttL do pf fi4 174 Paid L pf..l0l2 106 u si r a u u 11 O ft O pf... toi t: do pf,,,, .104) 110 I Paria investors. request Street Exohango Guardian and New York Clearing House 1913 - 73i894.oo 191S - 74357,oo 1917 - 124,490,000 1918 - 151,622,000 170,346,000 The 170,000,000 - 260,000,000 Aires, Argentina Company New York bills at the higher quotation of J4 per cenL . New York exchange was less favor-Abl- e, Its rate closing at 1.16V. There was a further fall tn francs, Paris doe-lip- g at S6 francs tt, centimes sellere,rbut PWglan exchange Improved tc? 1$ 50 centimes, r Lire again weakened te It lire 65, Scandinavian1 rates continued to move In our favor, but pesetas Im- proved to SI ps. 60, V. S. High Speed Tool Officers, Announcement ot the names of the of the United States High Speed Pteel and Tool Corporation was mad yesterday, D. H. Friedman of Albany, N Y., a prominent figure In the steel x. anufacturing Industry, will be president of the new concern. Other officials are: U. V. Wolkenstein, Lawrence J, Olles-helme- r, M. B. Prosganter and Frank E. Howe, president of the Manufacturers' National Bank of Troy. The plant Is at Toledo, and a new modem plant, tqulpped with up to date machinery, will be built near Albany. The estimated ca- pacity of that plant will be about worth of high grade speed steel too's annually. The corporation's of- ficials Intend to apply for listing Its stock, of which there are 160,000 shares without par value, on the New York Stock Exchange. QUOTATIONS. Illd. Ask, nid. Ask. OIU&P (.. 624 64 NOftStL no 116 do 7t 7H 77 Nat Olscull.lto ltf CCCftStL... 41 43 N Clk ft 3. 114 M4 do pt., .. KS 67 do pf 1014 106 Clcve&Pitts .. W nsTE&3 px.uai 102 CI Peab pf. .. 105 N Lead pf107H 110 Col ft 8 I pf 49 63 N Ry M lpf 114 II do td pt.. 43 12 N Y L ft W 904 Co', Grph pf .. t9 NYCA8L lpf (I 70 (cmp Tab. 64 U do 2d pf 41 41 Con Cigar.. 704 71 N Y Dock. 63 69 .io pf U ti do pf 64 6ft Oon Coal M .. M NTOftW.... 1H 19V Con Can pf.ioo 110 No-- f R., 11 14 Con Insur., 73 NorfftW pt 61 71 CornPR of.107 109 Ohio Fuel. 61 MH ''rex Carpet 67 62 Owen D pf.100 103 Cub A3 pt.1054 Pao Coast . M (0 Uucre pf,,,,loo ibi do 1st pf, 70 100 DctiMsck.. ., SS do 2d nf n 60 Det United. .. 103 Pae T ft T 134 33 Dlam'nd M.llt Pan Am pf.lJu 233 Uul SS ft A 4 '44 Peoria ft E, 14 17 do pf...,. 5 10 Pere M pf. 48 43 E'U It F pt 41 43 do p p ... 644 (3 E'ee Ptor 1M 37 43 Emer liran. St do nt 92 102 do pf 93 93 PCCAStL... ti 70 Bmlic J pf.105 107 Pitts n nf. 91 KrleiPills. ., 70 PlttsFWO ..1174 139 Erie 2d pf.. 174 19 Pitts Hit pf 13 934 Fed M ft 8 11 14 rawva,.., sift 324 Fairbanks. 87 83 P St C pf.,.101 106 do nf 104 Pub Serv... 70 71 Gen Chetn..tS3 1S74 RyStSp nf..Jo 1004 do pf 101 104 IUl Sec 111 a ., 76 Gen Clrs nf 97U ICS Ken Bar, 117 Goodrich pf.1014 hmk Read 1st Pf l 15 uranor..... ex do Id pf. 17 St Gulf M ft N 9 10 Rem 1st tif.inou 101 do pf Si (7 Rem Ror 8 K0 102' OulfSBlpf 1 S74 Seab A L.. 94 4 Ilartrosn. . S3 tl Sears Itocb-21- 220 llarres pf..H4H llK do pi.. .1.1I6 '1114 Komestaks 61 63 R'ois R pf.. 91 ti Int Nick pf 91 91 StLftW pf. 23 21 Int Pap pf, a 106 pr.ia. 116 Int Ball. .. 63 bland MIU..140 ISO 'l do di 19 91 Iowa Cent.. 64 Studeb nf..iru Jewel T pf. 6i 6i 103 T Pao LT-.tO- HO KCftFtH pf. 62 61 Th nl Ava 16 19 Kan O S pf 41 4 Kb! fin T nt M4 !' THtLiW.... 6 12 do pf IS 25 10Sli rlQ ST, 110 do Ren ft D M t I c 10 12 do d e 20 26 do pf IS w Trans Cons 61 63K Kresge 8 8,1m 160 Twin City.. 41 46 do pf 103 109 Kress S 11. 71 87 ao pi u 134 Underwood 17S 1S2 I.ar(1 Gas 41 M do pf 110 113 LakeKftVY. 10 12 Un rtsgftP. CD 93 do pf S04 21 Undr Sum lit Ugg ft M.226 Z1S do pf ill 140 Lorll'd pt...l07 114 Un Drag lpf 624 tl L-- 1st Pf 1O04 102 do 2d pf..ll0 do 2d pf..lli lit Un Rr I pf 21 21 Man Deach. H 14 URCIftP pf 61 61 Mackay 76 to USInOo pf.KJ 107 do pf 64 614 US ft fp pf.,126 127 Marltn R... 70 71 Va-- C pi. .111 IIS Matb Alk.. 314 41 Wab pf V.. 19 20 May Dep 8.122 121 West 1st pf 60 do pt 1N4 109 West A lirllt HI Mex Pet pf.101 lit West M lpf 21 14 Mich Cent.. .. 100 West P pt, CI 64 MBSM pt.,, 05 OS Wilson pf.. as 994 M88MLL... 63 t W Over Pf. 94 4H Mo Plow pt II Woolworth 127 ISO Mor ft Es,, 70 do pf Hi lit Mon P Df..lM 107 Wthgn pf A II M4 MuUlnall pf 154 tEx ritrhta. 1811 4 13 BROWN BROTHERS & CO. Philadelphia Established NEW YORK Through our long established connections we ore in a to render complete service to exporters and im- porters of cotton; We buy cotton bills and arrange for financing tho import of foreign grown cotton. Commercial credits in francs, sterling and dollars available in all parts of the world. Our correspondents include the strongest and most progressive financial institutions in this country and overseas. BROWN, SHIPLEY & COMPANY , luubllshed 110 Fcendtra Court. Lothbury Ones for Travel era LONDON, 8. a 118 Pall Mall. LONDON. 8, IT, H. H. CO. 1 $100.00 Circular Preferred on FRANKLIN MANUFACTURING (Fraiikiiii Automobile Company) Cumulative FRANK A. BARTON. Treasurer. H. H. FRANKLIN MANUFACTURING CO. 101 W. Marcellus St., Syracuse, N. Y, To ot MAXWELL MOTOR COMPANY, INC., and of CHALMERS MOTOR CORPORATION To effect the mcrgei pf Maxwell Motor Company, Inc., and Chalmers Corporation, under the Plan of Rexdjuitment, dated Auguit 10th, 4919, which has been tubroitted bx the undersigned Stockholderi Com-imitt- to the itockholdeit of the .two and approved by their -- Boaidt of Directors, securities must be deposited with Central Union Trust Company ol New York, Depositary, 80 Bioadway, New York City, on or before November 8th, 1919. C. B. HCOI1K8. Secretary, SO Broad ay, N. Y. O. J. I. Case Plow Works Co. This buslneil war citabliihed forty-thre- e yean ago. The products enjoy an enviable reputation for quality and ser- vice the world over. The acquisition of the well-kno- Wallis Tractor Com- - any will prove a lource of ft ncreascd revenue. We own and effer the 7 Participating Second Preferred Stock at 98V2 DaalpUtt Circular en Rtsueat. W.G.Souders&Co. 31 Nassau Street, New York Chicago Detroit Milwaukee THE Oil Industry Send for PAMPHLET givtrur Informa- tion and statistic, on various Stanl&rd .rH Induptndoiit Oil Companion drrl lerda. prices, pipe Una statistic. fiuld operations. won. drilling, etc. Pamphlet O.S, on request Farson.Son&Co. Members New Yurie Htock Krchanra 115 Broadway, New York CARStAIRS & CO. MEMBERS New York Stock Exchange Philadelphia Exchange New York Cotton Exchang STOCKS and BONDS .71 Broadway Phot. BovcOnt GmnJIIt. Boston Stock Per Share Request Stockholders Motor pompanice, Stock 1I4I1RT nllllNNF.lI ELTON PAIIK8, Stockholders Chairman, I or IlllAlll. j Maxwell Mtor MOIUtO.Y Company. Inc. JAMK.1 V. JOHN n. JliLES 8. II A C UK. nut; II CnAI.MF.ItS. J. IIOHACK HARDING, rtockhlders of Chalmers Moter Corporation .COMMITTEE. Dated, Oct. 0. 1B1B. Tho intrinsic values and future prospects of secur- ities Bhould determine tho Investor's Choice in selecting investment issues. IPrife- - today for Built tin \S.\ FRANCIS & CO. Investment Securities One Wall Street, New York l.lspbone Hector HOST'S-O-SSt- a. Gray & Davis COMMON Traded tn on Ncu York Curb HERMAN BROS. Specialists 27 William St, New York Ttltphonc Broad 2708 Investment Securities Russell Securities Corporation 110 Nassau St, New York \telephone BMlunan S117
