{ title: 'The sun. (New York [N.Y.]) 1916-1920, November 24, 1919, Page 16, Image 16', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn83030431/1919-11-24/ed-1/seq-16/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn83030431/1919-11-24/ed-1/seq-16.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn83030431/1919-11-24/ed-1/seq-16/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn83030431/1919-11-24/ed-1/seq-16/ocr.txt', label: 'text/plain', meta: '', }, ] }
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r 1 r,3 I- - it V if 16 ' THE SUN, MONDAY, NOVEMBER 24, 1919. - - UNITED ALLOY STEEL furnishing special steel to the automobile industry and benefiting from the in- creased production analyzed in the current MARKET OPINION Other stock discussed In details KEYSTONE TIRE & RUB. UNDERWOOD TYPEW'R AMER. SMELTING CO. ASSETS REALIZATION SWEETS CO. OF AMER. INTERNA. PETROLEUM Sent crath on requt't 1' S HHMacMasters&Co. MEMBGKS, CONSOLIDATED STOCK EXCHANGE JNEWVDEh 69 Wall St. New York GROUND FLOOR fhones: Ilanocer 55JS-7-8-- 9 Producers & Refiners A discussion of the com- pany's holdings and success of drilling operations appear in a complete analytical report just prepared by our statistical de- partment. The history, finan- cial condition and other salient factors are also included in this report. In requesting copies aik, for HO. ' ESTABLISHED 1905 41 BROAD ST,NEWYDRK .Phone-Brw- d 35 THBAMAN OIL COMPANY Traded in on the New York Curb ANDRE JACOBI & GO. 25 Pine St., New York Telephone John 5617 Repetti, lee. (Par Value $5.00) Gross Earnings 1917 S287.GS2.66 1918 576,951.26 1919.. ..Running Over $860,000 Marltt on Application DIDRICH5ENRR05. Tel. Hauoter7S8.5-C.7-- Bankers Trust Ghase National \STOCK\ and \RIGHTS\ Wc make a specially of ex- changing slocks of New York Cily Banls and Trust Cos. Clinton gilbert 2WHSt.,N.Y. Tel. 4?48 Rector Special Letter thta week on U. S. Steamship Recent Special Letters on United Profit Sharing Wayne Coal Sweets Co. of America No. Am. 1'. P. lTeyden Chemical Hupp Motors Submarine Boat 1'etlrral Oil Copies upon request 1903 5 tO ST. NEW YORK Telephone Itroad 7171. Tidewater Oil Imperial Oil, Ltd. Magnolia Petroleum Arkansas Gas Common i International Petroleum Central Petroleum Pfd. a ..Douglas Fenwick & Co. M Wall St. N.Y. TtJohnO LIBERTY BONDS All denominations bought for cash Hated on the closing we pay: ' $50.80 for a 830 3i?. Bond, 30 Coupon 145.70 for a UO 2d 494 Hond.Nol'ounoni $17.0$ for a $30 3d 4U; llond, 1 Column . $48.02 for a $50 th4Vi?4 llond, J Coupons $sM3for$30 flUi 4i?. Victory Loan PURDY CO., TL Joan 1174-2-6-- Jl Pine St.. X. Y. Vi ' ' ' . INVESTMENT VIEWS AND THE OUTLOOK Wall Street Expects Trading' Market Without Wide Fluctuations. DEALING TO BE NAIUIOW Weekly Letter Writers Believe Money Situation Has Been Straightened Out. A tradlns \Market with neither wide swings upward nor abrupt declines, la what Wall Street commission houses generally are expecting, which Is made clear by tho tone of the letters sent out by those houses to their customers this week. In nearly all of the letters the belief Is expressed that the money situ ation has been straightened out and that thero will be no Important liquidation. On the other hand the banks' attitude Is pretty generally believed to be such that nny attempt to renew the big bull move- -. ment of the last few months would db met with Instant application of tho brakes. Merrill, Lynch & Co. say: \One can look for a narrow trading market for some time to como. The call money rate which reacted to 6 per cent, shows that the banking interests ara satisfied at the present time with the shakeout In the market. Stocks that had been soli before the break were being taken back last Wednesday and have been put away for further higher prices, which are looked for the early part of next year. Should tho market rlso sharply the banks will apply the brakes as they did a week ago. The market will not only bo a trading nffalr, but will be one of specialties as well. The most fa- vored group of stocks at the present time aro the sugars, and this Is ac- counted for by the high prices expected for the new crops.\ W'renn Bros. & Co. say: \This Is perhaps the first Instance In which tho machinery of tho Federal reserve system has been used In any largo way to man- age a bad monetury sltutlon ; mid the machinery has worked well. First tho Clearing House banks obtained much as- sistance through rediscounts at tho New York Federal Reserve Bank, and then the latter when Its own reserves ran low, fortified itself through rediscounts with other Federal reserve banks. Tct the shortage of loanable funds Is nation- al rather than local, and tho troublo has been alleviated rather than cured. The existing situation, therefore, may result In nn easier call money market, or a reduction of the selling pressure In the slock markot, or even In dullness and flnrness In the latter, but between now and the early part of next montlfJt Is difficult to Bee how It can result in any actual resumption of tho bull move- ment.\ , N Money Situation Dominates. J. S. Bache & Co. says: \The market Is dominated by the money situation that Is, by the necessity of increased bank reserves for the purpoto ofre-plenlshln- tj which levy has been made upon tho funds u.cd in speculation in Wall Street. Last week, through the strenuous liquidation which had taken place, the caBh reserves of tho New York Federal Reserve Bank were ad- vanced from 40j per cent to 43BJ per cent. For the entire system of Federal banks the rcservo rose from 46.8 per cent, to 4T.1 per cent. All thin is In the desired direction and the Indications at this writing are for a further Increase In reserves. Inasmuch as the necurlty and Investment market owes Its decline principally to the situation in money, it Is reasonable to believe that further drastic liquidation will not follow, but even with tho acute pressure removed It will take some time to readjust ma- chinery and a solrerod attitude Is bound to prevail.\ Anderson, Bruns & Co. say: \Tne fact that tho outlook for easy money is uncertain would seem to Indicate an Ir- regular stock market for some tlm.e to como. Tho economic rehabilitation of Kurope means that this country will do a large export business In the years to come, but until the foreign cxchange.slt-iiatlo- n Is clarified security prices can hardly be expected to advance mate- rially above their present level.\ W. J. Wollman & Co. say: \Under prevailing conditions we believe 'that op- erations will have to be conducted with extreme caution. Money may become easier, but It Is hardly likely to be thf result of a slowing down of business and a decline In prices. The end of the year may bring further selling for In- come tax purposes, but aside ,from op- erations of this character we believe that pressure on the market will be dictated by the news from day to day. Railroad securities. Including stocks as well as tho bonds of tho less prosperous systems, appear to offer an attractive opportunity to the patient buyer. Rail-rna- d legislation, while subject to Irri- tating delays, must Insure adequate re- turn to tho roads In order to meet the sentiment of the country.\ Look for Better Market. E. W. Wagner & Co. says: \Wo have reached tho point whera those malting commitments In securities should Ignore the fascination of stock market legorde-mal- n and be guided solely by invest- ment merit. The. great bulk of our se- curities have Intrinsic worth probably in excess of their selling prices. Invest- ment speculation Is constructive, and there will be many favorablo oportunl-tle- s presented. The final month of the year Is Invariably a period of liquida- tion. On January 1 next thefo will be a huge reinvestment demand growing out of the heavy Interest In dividend dis- bursements. Liquidation of the last two weeks seems to havo been quite thorough and it Is logical to look for a decidedly Improved market In tho closing weeks of the year. At this time there is evldenco of an unwieldy short account, nnd since there Is so much pessimism In profes- sional circles as a result of the defeat of the peace treaty high rrioney rates and demoralized fnrelci pTrlinniron If la likely that tlftf.bear contingent will over stay tho market.\ Halle & Stleglltz say: 'The decline In values yesterday afternoon can bo ex- plained by no onefactor. It may have been due to the selling In tho coppers In- duced by poor earning statements made public by Utah and Chlno ; to the re- currence of a delicate situation between our country nnd Mexico; to the deadlock In the negotiations between coal opera- tors and miners and (he knowledge that the scarcity of coft coal Is affecting seriously all industry, or possibly the dlsllko of further Oovi'rnmont Interfer- ence as Instanced by the granting of food control to Attorney-Gener- Pal- mer.\ . \Gillespie Meeds & Co. say : \We are still of the opinion that Intrinsic values are within the price prevailing In the stock exchange this week. Tho market, however, has been unfavorably affected by tho thunderous utterances and warn- ings of those sitting closo to tho sources of credit and extension, and this, ac- companied by an unusually protracted and almost undevlatlng condition of ex- cessively high money has caused dis- couragement to many holders of se- curities. Wo believe that this condition will gradually Improve, and In the ab- sence of unforseen events calculated to accentuate the present uneaslnett that the pressure will be relieved.\ .1 I BONDS IN NEW YORK STOCK EXCHANGE. Week Ended November 22, 1919. Sales for ivoeJc January 1 to date.. . High- - Low- - Clos-N- 1018 Salts. eat. est. Inr. Ch.IIIgh.Low. M37USLIMH..IM-- IMM 100.0- J- .84 I0I.WM.M 819 USLIb 1st 4 t4.70 MM J4.J- 0- .40 M.oo M.5) lK7t:SI;lb id 4s. tl.04 S2.38 C3.- M- .70 M.OO 05.10 10 t'RLlblsMHuM.OJ (4.40 S4.- H- .30 (4.00 U.70 1 V 8 Lib 1st 3d CVd4?ft. 100.91 109.91 100.91 102.0093.70 9303 USI,tbMWsM.12 o3..t 93.H- 0- .51 KM 93 I) HM9USI.lb3JIJfllH.70 91.13 C4.2- 0- .34 99.00 91.30 32C131.;SLb4thUs 93.lt93.S4 93. M- - .M 93.73 93,04 KSJSUS Vlc4) ro.40 59.31 50.2- 3- .08 100.0190.24 CMlUaVlc:5,'s.. 99.38 W.21 09.3- 1- .10 lM.la 99.34 1 US 4s coup .K&H KSH lOJJi - H 10i 101H :M7Ari:lo-r- r It 71 CltyofBor deaui ts. , M City of UH 933 Lyons s.. 93H 3M 3 City of Mar- - seUlesta.. MM S3 ryofParlsta 91 184 United King J) 5s 1921... 97H tea United Kin S '23rcrt 9 734 United Klngr U(a '29 rets KH 373 United King 1937... 93 48 Dora Canada tc 1921 tV( 37 Dora Canada Is 1934 91 13 Dom Canada ts 1)31 93' 13 Kepubllc of Cuba 3.1 01 93 1 Republic of CubaSlU 34 33 US of Mc t JJ 1 US of Mex ii 43 10 Arg Gov 5s. . TIH 33 Chnsodov Js CO 1 Chinese Rny 3 French spd 33 17 Jap 1st 4Hi.. S3 49 Jap lat ilii Enc stamp fOH 93H Jap 1st Dutch stpd BOH H It Jap lrt 4M Oer std... SeH 37 Jap 1st 4Ks Eng&DstdSOK II Jap 2d 4) is Engstd... tl!f 98 Jap2dGersd81M 4 Japoneso 4s.. fH 4 Tokyo ts.. . tt;i 4NYCttT4!s 1937 ,101' 101M - NYCity4Ks 1937 Nov.. 101 101 101 HUi'tlW 40 NY City4Ki 19(3 101H 101 4 Y ntyi 1947 101 101 44 NY 4s I960 9:,'f f7 10 N City 1(144 97) !4 NY04SU33 10 Y 1934reg.. 92l W NYC481937 KH H 4 NYC 93 ii 4NV04193 9! 9i.' AdamsEx4s. 34 13 Alaska Ce Series 29 33 AlbiSu JMs. 73 17 Am Ag Uh cvJs 97J 7 AraAgrCh deb to . 99f 21 AmDk.lcUj. 98 17 AmSm&K 3s SS,' 118 ATATcvU. Am Trl 8: rlt S4 AmT&T cv4h's.7... 83 Am Tel & Tel cIMs 81M Am\ritP7s. Arbor 4s 11 Armour 4Ks. 10 AT4.SFcv4s69.ij 187 A T & S F Kn 1s 79H i ATS?adH70 AT&SFad 4s std . .. :.' KAN 1st.. AtCLlnc4Ms77 31 AJlCMne 44. (4 AllCl.lne col tr . 73JJ 47 Dalt&Oh Cs.. S4 137 B&O 1993. 17 13 n&Ocv4Hs. 4SH 49 BAOpoldls. 18 23 B&OJtts. .. tiH 4 BAOSV3Hs ,i 11 DliO PL E fc WVali.... 38 10 BethStlexSs 97 81 Beth StI Tdg i4 8 RetbStl 35 3 nwy&7Avco 30 S25 JlknUapT 7s 31 383 BUT 7s ctfs OH 19 BRT7scf st45H 11 BknRapT 8s tttj 19 IlknUEl 1st. 33 Bkn U 1st std 3 Buff R tc P 4 2 BushTerSs. 77 8 CftlGos&EteW 4 CanSots.... 3 Cen of Ga 3 CenGacnls. 84 ClathrrSs. 134 CentPiu-l- t. 7:j CenPc3Ks. 82 10 Cllltof.V.I 5s 103 4C&03S... M'i 143 C&OC1-J.H4- 1 S3l 84 CiOcv4Ms. 77?X 40 C&CMKs.... 73 34 C&AU3K . 4 04 Alt 3s.. mi 300 CB&Q Jnt 4s tS)i 5 CBiQ jnt 4a reg 94 44 CB&Qgm4s mi 11 CB&QII1 is. 17 CB&QNeb49!i 7 CtEIlKi... J0 Chi Sl E III 4sCtfs It 30 CblOtWls.. Chi OLi 03s 81 19 Jk Louis 4s 98M 3.CI8kLouIs4s. 8SM 3 ChInd&S4s 74 4S UM&StP ct3j , 20 CMiHtl' gmOis... 139 CMiSti\ CT4M.... 41 OJI&BtP fdKs f3J 9 C M A P deb 4s t9 4 OlAStPd 18 3 CM&P4S 33 CllA:StP3Ms M i C M&SIP CAP W 4s. 97M i O II A,St P Dub'es.... 30 C&NW grata 9S 21 CaNWrm )s 3 CAN Wdeb 1833 92 19 CANW3K1 9M 10 OA N VT Mil Spr A 74 31 CKIAPac is 13 OR I A Pas is rut 64 217 CRIAPrfu. 6;M 3 CblSt LA Mem 1st.. 71 8 CStP MA O con 48 ChUHtn IMs 82M CAVInd4. 39M Cbrt.Cop CblleCopCs. CCCA81L l.CoWexlXs. (UoUth4s. ColOAESs.. 0M ComTbRes ConOtcT,MK 9 Corn Product 97H (0 m-- H Ii 53 92 93)f 93 Kii - S7 4 9:j( -J-- 99t 97 M98J( 9tx-- K 90'f 90M 90k 97 9J' H Ki 93'f 9314 92)J 93 93 S3 SI 43 43 77 37 38 80 8 (7 N tJK-- Jf 80M- -H tiH 4K' fH 80M sow City 4)(s 97M N 90ff 90M tiH 44 Ann UH 79W M.'f 83 N4s 73M NO UH 50 73 M (3 -- 1 UK 43 81 19)5 7'H m 93),' 77 (3H r 8JU i'!l 33 'Hi 49 31 79J 84 TIH 89 M)f 84 KM ?M 83 93M 83 77 74 30 94M 91M 79 8 93 33 S3M 9C MM (8 91 74 73 i 71 43 I 13 m 98K 91 43 S 77 37 88 80 ton ton -I- K m -i- H 93M 92,( 1938 48H m lJi MM 77)S 72 v9r wok 101X 97- ),- -- 3 l - May MUl DM iH Vn'i 103,'i 1005S City CioM -- 31 'H Wi -- IK 81,'i 'M tiH J05J 7I)S 77 W( -- 1H l3,'- -J Wi 775i 5M UM -9- M 70'f :tm -I- H UH -3- M -1- M 151M 10IM 9JM- -n 83M -1- M 3tM till UH- -H W 2JM UH 1M 99M 73 -I- M SM 7IM-- 1M 4M 4M t8 IK-I- K TIM I1M Mi 90H 91 73 81 9 80 t)H ton 83'i 80H toys 1 ( 97K - H 91 Y 97 5 93H - ! MU 4 92f Mf4' 93 6H 13 03H 3 3 8lM 1 1 93),' 1 is 5s 7 43 4Hs 1 97,'f 2JM UH ! 1 77M I 99M 79M (0 - 97 ts 9S 13 98 91 W S1JS J . 11 1 1 -- i - 53H -- 7 - ! 71 - - H ;o - -- 1 3.' - 84 K 18 KM 91M 33M r.M 78.M 33 77 H (3 97 81 73 n 84 (3 t7 li 49 \ 84 89 90M 78H 83W 95H 7S 82M Wi 99M 94W 98)i V9K - 1 - ! - -- 1 - J 93M 8.1M 83M 93M 33M 103M 94M S3Jf mi 73K (7M tTJi - 99! 7IM-- IM i 16) 1C4 M 84 -I- M 1M -l- )i 4 -- 9 - 71 -- 4 92) 92 92,' H 93 -- 1) H 73X 41 H- - H 81 8) u H 101 H ii 91 rer 93' 93! W 93' W ii 90,' A. At 4. Kl W CI St 109 13) 101 102 it Ji 150 94 83 94! 83 83 81 H -I- J a M M M H M M 11) H 84 tt'i 81 81 J) SO'i 31 w 78 99 91 73 84 79 78' \ 89 M? 83 83 H M 103 91' 77 ii 74 IM 81 M H M 83 ii !i H M 43 33 H 34 . 61 84 81' H 71 83 81 97 101 -- M cti H 99) 7I! 103 88M 7311 73'i 79)4 JIM 744 IS! Uf 109 H 83 89M M 33 7 1I0M Kill UIM 3( HI JH 183 1IM '3 MH 4 CCD A otu i Mi ;i 3 1 rm I7M M t7H 1M JIM 3 Colin rlt 8s. 74 73 1 81 77K 77K- -M 0M 7 83 12 83M- -M 39M I 88M MM 4 83 81 (3 MM 111 UH MM M I93K 2K 9! 97M 80 so 99 2H Is 92 88 Tel 3s 33 13 Ss 4s 93 18 20 97 9J -4- '-j i; 1M M 38 83 71 94 79 4s 9s 87 81)- -, 9M f3 91 17 94 93 81 81 3IH S3H 78), 7CJ$ 70 95M 77 7S 91M KH 47 81 71 83 VI Mi M to m 41 43 ail 70H 70H -- Hi 4M 41M 47M 83M 94H 8t 77M nn 88M J 80 93M 72 1J 81 IM 93 J2!i 77 CO 43 94M 91 74 ton 90 2M 79?i 9SM 83M 76J 71 71 :M -- H HM 73 (2),' -I- M 16 13 01 7 13 47M 19)( 73 87 H H P MM 99 (8 93)1 7SM 18 91 C9M It 43M -- 3!( :t 71 77K 87 23 23 90 3J4 73M 70 11 61 71 101 81M 13 1034' IIM MM JIM MM MM 71 II MM 1919. $94,817,000 3,161,226,000 Sales. 1918., $60,287,000 1,680.302.00 1 Del A II CT 4s 83M It DA II rcf 4s. 82M 11 DenAR Q 8s 74 I DARGrlMs. 40M 83 DAROr 4s, , 93M 1 DetEd6s33. 93 2 Bet Ed MM. 94 I BelTun 4K. 78M 21 BetU 1st 4M 72i 7 BUSerCorSs 89M I DulAIR 3s . 89M 4 ETVA Q con 4s PI 17 Erie 1st en 4i 37K 4 ErlacrisA. 4l( 18 Etiecv4sB. 41 144 Erlocvls D 43M 10' Erie gn 4s... 47 13 Erie-P- a Coal 82 3 FlaEOlMs.. 78 1 FlaOenls... MM 4 FtVv'ARO 1. 4t 13 GcnElec 93M 1 GcnElec 3)s 71 41 GtFallsP is. MM 83 Gt NoMMs.. 41 It Hocking Vol 4Ms 71M 1 Ilav El Ry cn 6 84 I B Belt Si.... 83 4 IIATexG 1st 91M 49 Hud A Man I'dgMser A 34 111 nudAMadj. 13M 24 BICcntMs.. 93M 10 IU Cen 4S 1913 74 7 III Cen 4s 1933 TOM 20 111 Cenrf4s 1033 81 3 IllCChJcnSs 84 12 lllStcel 4Ms-- . 34 II Ind Steel 3s.. Si llMlnterb It T rrflaigil.. 18 230 lnterb lot coltrlMs- - 13 93 lnterb Met col trust cts SIM 1 IntAgrOh ts 34 3 IntAGtNlst 93 111 Int M Marine coiCs I4,M 1 I cm a Cen Ut. 73K' 4 iOlra Cen Is 3 8 KCFSAMtslOl 33 KCFSAMls i4.\j 30, hnntforfia 73)i 8 KanCSo 3s. 17M 14 KanCterls. J3M 1 K CEILAP 4s 1997 tIM 19 Lack Steel is 1923 MM 30 Lack Steel Is 1830 94 4 I.SAM3 4S39 7M 13 LSA MS i3l SM 1 LSAMSSMs. 43M 4 LVofl'acn Llg it . l.igA .110)5 41 LouANls.. M 1 L A Atl K A Cfn li.. 74 74 1 LAN St Lis. 99( 99'f 13 l. ...' J rolls.,, . (3M Mi 19 Manhat 4s.. S3 lti 13 Manhlsstd. 39 S4V, 1 MlchOdb ts 7tM 'M 87 MldKtco. SM 83 3 Hildas 1st li SiM '.' 1 M LSA Wei 4....s 94 94 12 .V a. bll.ls. 40 liii 4 Mo K A Tex 1st 61 63 21 MoKATls. I2M 1M 4 JloIC.VT 2d !4i, 1 Mo K A Tex 2dctfi.... 33 25 Mo Tsf Mi 118 MoKanATrx sflMsctrs 3 E8M 1 MoP 5a 1935, 121 Mol'cm i. 1 MobAO Is. 30 7M J0M :i Mi, m i 4 to 1 NCAStLSsotM 4 NU1.V.M ill. SM SlNO'rAMSs 3M Cb.Klgh.Low, 81M-- J)( 7SM-- W 41M-- 1M 91M-- SM -- 3l( -- 4K -2- M Urako t9M 101 SYOrtlilv 49MM NYOdebls NYCen3Ms. -I- M'JJ NYCA3tLls70'i IhV Connect- - Ry . Pis.. NYLA.U'lst 41 NY ill rrts 74 8 N II (S1913. 1 13 NH CT3)s.... 4 NYOAW 83 N Y adj 7M Sactts NYRys N 8 Rya Djs. Telephone debts NYTellMs. NYWestcheste.- - BoslMs N'KliPirrSs. -- M NnrPou NorAWgts.I01K 10IK Weiior 131 W is. 79M 4 NAW is. 4 NAWPocis 8lM NorPacls.. I8M NorPacltr. NorPads.. NorPaclar. NRyofCaISs NprStalesl'wf ser '4ii 3 OntPirr OntTr5s... 10 OACal 1st 5 14' S 3 CrRyANls. OrSLtneta 7 OrSL 0rWabRRA Navrer4i Jl PacOas 0 PacTAT Is. Ul40 Pa 1849.... 934 123 I'agmlMi 9 Pa . 3 Pa IK' Pa 3K SerD. leo&r. 1st.. Pere M 5 Pere X i 5 l'hlla Co evil I HI 3 Philippine PITceOM:i.i.3Ki03Mi03K PlercoOilts I'Lorlllil I'Lorlllil . 18i 1 POCAStL - iMsserA.. PocaOCol PuhllcBcrvlea Corp J Rdg genii.. SJM RdgOOcol4i79M IteplASSslJ 11 RloOWU.. 68)1 col RIArALlMs (D( 1EILAIM41. StLAIronUt RlTerA0 4i?lK 208 BtLAS F41 Series A... 17); StLASFt ' U 129 BtLAS ad BtLAS Fl Inc. I ItLSWlsi.. trsaswia... Low est. 1917 $26,835,000 922,292,000 Cloa-N- 1919 log. loos KflM IM 107 99M 853J 83M ii 93M SIM 8IM 83M J3M 73),' 74 ii SO J3K 69M I9M 7l)j 69 - K U 93 93 06M 94 93 93 98 88M 78M tU 74 09M ooM -- Hi SIM cs 89X 89M 93M 87 89Ji 9 -3- ,M 95 Wi 01 It 97 89K 84 44 -I- M 70M 17 41M 41M M W 0 40 40 IM 40 44 44 IM M I M MM M 81 83 83 77M 79 71 1 83 74 90K 99M - M WOK 99K 44 44 -4- M MM l 9SM O'M M 101 MM 71 71 77 71 MM !' ii 9IK 93 19 UH 7IM M 83 70K IM 81 83 81, 3 83 80 91M 98M 91M 43 83K- -M t3 51 12 12M - It 19'f 12)i 91)i 93 -- M 97M 01K 74 74 2M 79 71M 70)i 70) j 1M 77M 09 79JJ 79J( 81,'f 79 85 83 95 85 81 81 1)S 88)J 82M 14 14 -- 1 98M VI y 30 40M -I- K 7IM 49K 19 19- M-' UK 19 ISM 19 IIM ISM 14 14 ii ISM J3H 93 93 -- 2 91 MM 'M -- i \IM WJ 72K K M 79)1 73N rt)j 1M- -1 MM UH K0M 100K I03K 99M MM MM Mi JIM UK 73 75 - M 74 4M IIM - K .IM ilH-- M J3 96M (IM -3- M HI 93 M osM- -M \M 93 95K M 107 II I6M iM- -? ' MM mvj u M I'M M 69M 'MM - M 71 I9M \UM l' 1 li INK 100 is :om ;om' Jo?4 - it 9 A U 89M 89M 89M - li 4 M7s I KM BOM 84 (4 M N is. 13 KA lira ii 30 30 30 30 91 63 81 82 (4 tt-- i to 6M 60)i J)f 90)f SM .2 100 M 101M 66M- -M M M M K M -- I -- 2 10 IIM M 103 -- M CJ'4 IM .48 li -2- M too 7M li N Y 99J Kit H JOS 91M I03M 93 O db 92) 117 M Cen \0 M NY Cen cn 69) 10 -- 1 M log SIM 11 N Y Gas El L II A 3M 85 9 lw!j 1M 100M Ml Y N H A MM Nil 1931 )j 63 Is 91 ISM mi MM 18M adl 8M fM tTii fM Nor dlr 1st Ss.. 70. .100 fdg 5s.. 1931. HH- - 47) Ry MM Rio 471 U.. Air -I- K JIM 1K Wi UH MM lM . 77K 91M 17M iH IM 675, SO 99M I - - iM - \IM 31J 1 -- 1 M HH 7 iH IM )i M NY NY -I- K 99 1 CT 61 1 N Y fa 14 ' 13 M 1 (0 13 0 1 - J II A II 32 32 - A s M 7 M HM 7M 7 M IM 31 M II K \ ' 7 -- 1 19 N Y 7K I 54 '4 -- 1 91M 3J , A -I- K 43 1 97 93 M 3s. Hi M M -- 7K 4) Nor A f I IS A 1 74 1 1 1 8s A 83 8 11 Is 7 15 A 4Ms IK 3 77 1 IM 31 A 1 4s B 4s 31 8s 31 N 88 II tr 44 II 13 93 er oi F Is It 83 S3 83 1) 71 43 N (4 8 6 '3 3 0 1 l (8 '9 53 S3 79 13 71 (1 ts 77 74 67 99 43 so S3 II ti 73 14 13 7!M M - K - H li li 55 H M H 79 -I- M M -- 1 ioj K 7t -- 3 II -- U -- I 93 - K M - M lM - M ii - M K M nK-.- M 43 -- 2 MM SM JIM MM S7M MM '6M HM 75K \M 93M UK 82Ji Wt 9IM-- M MM. 79M UM- -K toK- -M MM 70K 59M lMli JDS' 93M MM 91M I7K MM 91M IM UK K 5K MM 101.M 103t HM 10IM 101M 101M 10JM 103M KiM l'M 110M 77M UK 101M i\M 4 1931 cert Is. 104 M 10IM tolls I04M 101 7 X .llii liM 109)4 I i 3 4 ( GW B.. - M Oil,' IK it -I- M K -- 1 1 -- 1 -- 1 '' tM IM -- Hi .IM IM - M JK - M 41 M. - H 93 It 91 ti 18 MM biM 93M 91M 82.M V9!i 33.M KM MM MM 97M MJi mm (SM 79M 94) J6M 73M JIM 12M tSM SI IIM 71!i 7M ISM ctM 1 33 13 SIM II 11 Ss ei M 41 19 58 77 67 74 SI 83 W)l 80 IM ooM tl 9I,M 97H 13M rcg 92i' 9.'M 92M 92M IMS II 71 70M 6' 79M 70Jj 725i IMs 'Hi 804 IM si 7i 32M S2JJ 4s 39M 43.M uh tM Y liya rfts 34M Y 57M 43 '14 84 13 93M 03M fl'i n(- - IM 73 87 to 33 93M MM CM 8S)J 12M 89.M tl ii '2 iJ ss lM -- ) 'J 89 IM 77 15 64 1J 71 S3 92 81 81 91 61 7) 53 111 90 31 83 II 43 2J 94 SJ V3 4s C9 10 69 M 15 91 83 31 5s 10 18 31 71 76 JSK 7IM S3 55 HM 89 79 92M 76M W) 81 87 M.M IIM 81K 91)f 97M 91 77 W MM MM MM 45 JIM Mrs I31M 31M UK UK UK HM 82; 78),' H.M 'IM M.M MM fiM 93.M 9K I9K UK s$M 9t) MM 39M . 7PM 43K 82M II Jl :o im J7.M MM 4M M II MM u M to M Jl MM 39M II IK High- - Loir Salts, est est. 13 btLSWcns. 47M 1 StPA Kan O SL4K'.. . CJ SfltP MA M con 4s 105 11 StP M A It 4Ki 91M 12 24 SAAAP Is,. COM M 4 Beabd A L 4s stamped.. (1 63 28 Sea 4dALadJ 8K 44 It SbdALrefli ' I SBellTATSs itM 'IM II 8 A N AU Ss tSJf Wi i SANAlaSslt 01M 91.M 1243SoPacrrta..l07M lot 115 BoPaccTU.. i Hi 10 09 BoPacrofH 78)i 77M 23 Sol'acls iOM 3 SoPaeS F ter Is 73 S3 South Ry Js 87M 3 SoBy Ss reg.. SIM 134 So Ity irm is 13 4 SRyMAO 4a tl BRy3tL4s.. 70 i BtondMlll 8s 93 7 Term As St L IM 87 3 TcrAsStL 4s Jl 15 Tex Co cv Ss 101 S TexAP 1st MM MM - 80 Third AvadJ Ss 29M 21 ThlrdAvrfll9K 1 TStLAWIs 47M S R fr L la 92K I Underground ofLontnc. 43 Union Pacinc .I03M 103M UnPacls.... 8SM MM 40 CnPaccvls. 83 SIM UPacrcf4l.. IM 4 UnRBBFfd ' UnTrctrs. 12 USRItyAIos J3 JJ.K 4 USRubJt...l08M 193 101 USIlubSs... 17 15 L'BSmlt SS...107 105 179 TJSSteelsfSa 99M 3 USStlsflsrg 93 4 Utah Fuel 5s MM 4 UtahPwris. MM I UtlcaOosis. SO 1st HM 5 17 Va Hy 5s.. . f5M 1 VaRyAPSv73 13 Wabash 1st.. 90 44 Wabash 3d . 80 11 WetnElec5s97M West MdU. MM 5 W N Y A Pa 93 21 WcstPac 1st. 14 WmtSnis,, 73 1 WeatSb4srg 70M 3 West Un Ss. WestUn 4Ms M 29 WUsnACoM 9SM 104 WUACocr.. IBeller 4 days flat. Sales. ... Clos-N- lim- ing. Ch.Hlgh.LoiT. U 07 17 105 108 1 10IM IM 69M MM MM 63M 01 70 91 86M 71 my, H :sm 49 47)1 43 25 S3 38 87 33 82 11 73 UK 98 S0K 31 87 91M 101 81 71 89M 79 MM 91 HM 71M fl JOMMIM X93M 70M CS . 93 64 68 -- 3 15 -2- M UK -- 2K 83.M -- 3K 9t)f -3- .M IOJ 103 -- 7 115 H K 87M - K K OOM 71 K 93 92 43 47 73 90M -- t MM - H ei -- 1 Jo II 8IM Si 1 104 li K Ss K - M 4JM -I- K -1- 1 OS Jl - li 101 MM 89M JJ.M 1st MM I4M MM K K - li 25 -I- M )H JJ.M K 101 U4g 1 1BJ 1 107K 98K M -I- M 100M mt St!i 101 MM - li sK M 79! -- 2K 97M ! 15 91 1 IM M.M 2 it tM H 131 - li THE WEEKLY CURB MAEKET. INDUSTRIALS. 9100 Acme Coal :i .'h 14600 Aetna Eiplos 9Ti 8Vi 400 Aeolian Web 84 45 400 Air Reduction E3V4 5330 Allied Packing.... SO 3900 Am La France B. I'M 5100 Amal Tlr Stores li'i 14 215t'0Am Marconi 7 4370O Am Tob Sec 45 M, 100 Am Writ Paper.. 14. 12 101700 Am Safety Raior. 19',4 ISM 600 Austin Nlch CO 23'i COO .Vrironaut Sal.... 3200 Buddy Bud 6!i t'l 8) Bearer Board.... 48 47b 800 Briscoe Motors... 60 TOO Brit Am Chcm.... 9?4 Brit Am Tob reg. 53 :4)i 7400 Brit Am Tob coup S6l IMs tft) lluwrus Si's 33 500 Uarbo Hydro I'i 4'i 100 Carbo Hydro pf.. 4li 4',i Zm Car Light 3, 3U 6) Charcoal Iron.... i 5 104 Clinton Wr Wire. 34 31 1100 Colonial Tire.... It 6100 Central Teresa.... 8 SK-- B.ifi Custlce.... U!4 H',i 100 Durham Hos \B\. 60 CO 1S7S Emerson Pho 7M 4 100 Hrestone Fire pflOO ! 11O0 l'arrell Coal 55 51 SS900 Oeneral Asphalt.. .134 119 40700 General Motors... 39 S3H 11700 (irape Ola Hi l'i 3IM Grape Ola if lsi ltt 1000 Gray A Davl 51 47 ISOOIIanes Knlltuig... S6i 24'i SO0 llanes Knitting pfioo S9M WO Hydraulic Steel.. 15 10 IV) Hydraulfc Steel pflOO W im Haydcn Chem 7ru 7 f.W Hsraiia Toliaco.. 3M 3 600 Havana Tii pf.. 13 li'i Hendee Mfg 53)4 42 82tiO Hupp Motors ll'i 32U 300 Imperial Tobacco. U 12H fSOO Indian Packing... 31?i 17M 100 Inter Rubber IS'i 1 Inter Products.... 47 44 300 Llbby McNeil 31 29H 30000 Loeivs Inc 31 !1000 1ift Inc 26H 23M 300 Lima 81 S3 4600 Maibohm Motors... 14 1700 Mercer Motor 33 1200 Nat Leather 19)4 181J WOO N Y Shlpb 63 CO 10100 N A P.iper 4i Sh COO Ohio Blower )H - lOiV) (herland Tire 30'4 S9'4 630 Penn C A 2M 27'i oOOTarkard M pf.... 97H 2500 Pick Albert A Co 42 11000 Perfection Tire... J H 1700 Philip Morris 10 9 200 Pyrtne Mlg .13U 121 J tOORepeltl 7)4 V (MX) P.splogle Steel.... 83 M 100 R Relss 91 8300.Republlo Tire R.. 6 54 1500 Rockaway Mills.. 10 ?M 4600 Root Vanderr.... 51 51 i 100 Spleer Mfg 97 7 ' 8600 Stanwood Rub er IS U'i 700 Stewart Warner. 30 S8M 21000' Submarine 11...:,. IS'i 18 700 Swift Intern.... 57 7300 Sweets Vj UH 11 420.1 Tob I'rml eip.... 33 360 Todd Ship 210 200 5300 Trlan2le Film.... V, .14 24 U S Distributing.. 62)4 81 41) U High Speed T 274 37 3000 U S Light A II.... 3', , 3 91300 U S Stoara 5'S 4Vt 400-- United Pie Prod.. 19', 11 21300 United Profit Shar 2', 5'i I31M United Ret Candy. Ui 15 1S00 Union Carbide 79V4 75 H600 Vanadium Steel... E9'i .60 S100V Ylrladou Ino.... 2I'4 '21 lOOWsrren Bros .... 49 40 4.W Wayne Coal 54 loot World Film . t MX) World rilm 2d pf. i 'i STANDARD OILS. S00 Anglo-A- Oil 33 314 923 Atlantic Lobos 13 60 S3 Ohio Oil 880 370 10 South Penn O11....H10 S10 50 Stand Oil of Cil..294 5 89 Stand Oil of N J.72i) 707 128 Stand Oil of N Y.1I7 429 10 Union Tank Llne.12? 12S 11 Vacuum Oil Ill 110 . INDEPENDENT OILS. 6400 Alliance li'i IIS 2S50O Allied oil TOO Allen Oil (OOOAmal Royalty 2200 Atlanta Pet WOO Associated Oil .... SM\ Bell Patrol S3C0 Barnett Oil t WOO Boone Oil 3700 Boston Mexico ... 61000 Boston Wyomlng..f 90 isoo liraios uu .... 12300 Burknett Y C. 5000 Can Am Oil tS 21700 Carlb Syndicate... 47'i ISOO Central Oil 20M 11000 Cities Ser B etfs.. 46 7500 Cities Serr D pf.. IS 5700 Commonwealth .... 17 31000 Cosden A Co 104 JOOOCushlng Tet 3't 2720 Columbia Emerald. IT'S I'lColum Emer rls..l25 13 Colum Emer old.. 750 670O0 Dominion Oil 13100 Elk llsslri Pet.. 6200 Ertel Oil 5100 Eimeralda Oil . 6300 Venslsiul 11500 Tederal Oil .!., UMOC.lennxk oil Guffey Gillespie... 23-- 200 Home Oil I7K HTCrt SO Houston Oil ITM Indlahoma Ref.. 2OC0O Inter Petrol SliV) Invlndble 6900 Island Oil 13100 Livingston 100O Magna Oil lOOMargay Oil I7vi Maracilbo Oil..., vS700Mcrrllt Oil 23700 Metror Pet O0 Mex Pan 100 Midwest Ref JWO Morten Pet 1600 North Am. Oil.... 400 Nor Texas 1000 Ohio Ranger (lOOOtuar Oil 900 Orient Oil arOOstga Nat ilOOPennok Oil 37M PhUlrpi, Pet \K Open.Ulgh. Locomotive.. IM l'i 37'4 S'4 3'i 12 41 -- 1 4 5 112 . 11 . U . SI :P. 8H 8i 30 22i SS 20 .170 Ti 6 SM ;i;, IM i 114 Tl 29 49 -- 3 MM 81 -- 1 -- 1 -- 1 -- 1 -- I -- 1 -- 1 M SO C 26'4 S .... .... 1U 1 4 IM T. 4 3 S3 23 41'4 20 404 7'4 434 1 . Hi 600 22U S an ', 2J 34 31)4 131 HM 62 3J'4 6S !'s 21 2M 15 164 3'i 5i 6 Ti 10 t; M u'i 71 69 Jl 63M 49 93 M 91M 71 tt'i M) 19 MM JIM 19 1 IIM S3 77 ) 101M 13IM 91 M 9 7 U 103M 79 S9M MM JW - I01K M 89M 85 - \IM - 83 89M MM 90 101 91M 79 99M 13 99M II 10J 81 J3 MM S3 92 Wi Chgs. 41 13 40 15 IS SS 97 43 91 63 13 ll'j :oi 2'i 9 60 53 43 llii -- :4 14 1SU 29M -- I! 6 IS GO 9!4 21f 25i 32 4'1 4'i 3s 5 .14 114 I .. 1W 52 12811 S3 1'4 IH CO MX 109 100 7'5 5'i 13, 4D'4 H. II :oi 1814 .. 25M nn 19'4 S3 4 30 W'i 97'4 43 H ISM 7 91 :H 10 64 17 UH t!4 12 ii 2U) H C24 13M :h ii; C94 :i'i 4 tiG 375 340 - 714 419 121 111 15'i IM I'.k 3'4 V.i 14 i 4 3 SI 24 46i 20'.i 414 74 16)1 10)i 34 93 Cort 314 87. 1U .14 Si SI4 12 133 114 64 37'4 74 2M S4 24 3H 161 3'i 54 HM S '4 11 KH M II 83!' 9tK MM 81 76M 69.M ' 72 S8M 8IM 61M 01 4t II 89M tiM 191 UK MM JIM 40 97M 91 93 MM MM ioom 81 71 6?M 79 93 5414 93' 81M 70 71 85 MM 99 Low. 1 H ti?4 IM .1.1 -- u 3M 1)4 11K i to 7 43 304, IS li -- 1 -- 10 H -- 1 1M -- U i -- iH 1S -- 1 T 41 $ M 31 53 37 i 6.1 97 29 73 60 32 II 2 4 15 'i 'i 7 22 6 71 63 15 84 78 99 17 71 9t S3 13 1! 1 -- li -- 1 3 -I- M -'- 4 1 -- 1 -- 'i -- 3'i -1- 4 -3- M - ti, )i - s '.. - '.i 5 -- I 11 19 -- 5 1 1M -- 1 1 H -l- '.4 -- i - 4 U 4 -- 14 \j M -- 1 i; -- 3 '4 - S - M -- 1 H n 14000 Producer A Ref.. 12\. 4700 Hanger OH li 13200 Ryan Oil 114 lOOORocIc Oil IM 7100 Salt Creek Prod, 49 7S00 Sapulpa Ref I'.i 1200 Savoy Oil 10 10200 Sequoyah Oil Vi 87600 Shell Transport.. 60 4300 Slliims Pet U'i 10300 Rkelly Oil UM 2300 Southern St..;.... l'i 8700 Spencer 'Pft 2'.i 800 Star Texas HM 2S00 Superior Oil 19 3M0 Teias Ranger,... 2 MOO Texas Co w 1.... 62'4 121)0 Teias Co rts.... TO 45200 Trinity Oil l'i 6100 Tropical Oil Wt G40O Victoria O new.. 14 3!0 Vulcan Oil 104 COO Wesleiu States.. 14 1CWI0 Wblto Oil 28 DSOO Way O A G 8000 Woodburn M MINTNG. 2600O Alas-B- r Col '114 600 American Mines., li'i 7500 Arliona Silver.... II 7000 AUsnta t 3 COOAtner Tin A T... U K900 Belcher Divide... t II 32200 Belcher Dlv Ext.t 43 26500 Big Ledge 54 4200 Booth t 7 87900 Host A .Mont.. ..t 75 1000 Butte-- Y A 11300 Calcd Mln 1 10 10UO Calumet A Jerome. 'I 12900 Canada 06)) ls IIM) Candela'rla M 1 400 Cons Virginia 6 870OCons Cop M 6i S.VOCrcsson Gold 24 29000 Cres McNainara..f 37 2SS0DWdtf Ext HJ 100 Davis Daly 11 2C00 El Salvador 4 35200 Eureka Croerus... 2 12700 49 Mining 24 1100 Golden Gale 2 1I0O0 Gold Cons t H 10.1050 Golddeld Dlr ....t 14 5000 Gold Kewauus ,...t 4 TOOOGold Merger t 4 T00O Gold Silver Plck..t 7 9700 Grand Pacific ...,t 40 6200 Great Bend t 3 lfl700 Hecla Mining .... 44 4000 Jumbo Extension. t 9 7900 Kerr Lake 4 46700 Knox Divide t 2900 Louisiana Co M 450OO McNamara t CO 19S00O Marsh Mln f 43 lOOMsson Valley .... 34 14600 Motherlode t 61 13900 Motherlode new... 6'i 3500 Nevada Ophlr ....t 29 8100 Nlplislng UH 1000 North Star t 7 2900 Onondaga 2i 600 Ophlr Silver l' 8300 Red Warrior A 3000 Rex Cons t 12 6000 Rochester M t 23 SSIOOnoper Group .... A 6700 St Croix si 4000 San Toy t 8 6800 Seven Metal 4 700 Seneca Copper .... 164 13000 Sll King Aria.... i 3000 Silver King Dlr...t 15 1500 S Silier Lead.... 'i 1S700 Stewart Mln ....t 29 HOIK) Sarrcsa Mln t 6 2700 Tonopsh Belmont.. .1 0000 Tono Cash Boy...t 7 16930 Tono Divide 64 SOOOTono Ext 2'i 23iV)Tono Jim But!er..t 2 SOOOTono Midway ..tll 3700 Tono Mln 3 4200 Tono Mlipah t 7 11500 Tono Res Eula...t 10 4200 United Eastern.... 44 13 SCO Victory t 30 3000 IVeit End C 14 1S5O0 White Caps 1 14 cooowiilin Caps Ext..t t'4 17030 Wilbert t 74 Wilson Sliver 4 6500 YfTTington t 4 BONDS. 107001 AUIed P 6s 87 63O0O Am Tel Ca '21.... 974 210O) Am TV1 Os '24.. .. 0\4 Anaconda Con Cs. 98 10000 Beth Stl Ts 22...100'4 100) Beth Stl Ts '23... 101 1O0CO Can So 64 '22... 984 30001 Can So 64s '29... 97 81000 Copenhgn 64a '20 81 lOOOCCCAStl, 6s... l't 191000 Inter R T Ta 84 COO) Russian O 64s.. 37 KWrt Swedish O 6s 934 ww awiss l 01,3 7 t 74 43 7 9 A 744 11U HM l?s 1!) It 15 Hi C7 644 Ti li Hi 9 li 36 4'.i 9 1 1A 30 37 '4 63 A 33 A 1A 'X 44 W, 1)4 32 3A 11 :r, n m IM 17 12'-- i 3 3',i C 33 3 .\!. s 4 15 '.4 41 22 34 6S Ci 29 lit i'.i i'i 'i 11 21 IS 3(1 12 4 S3 96'j 934 974 1004 101 ii n 83 944 64 37 92 S9i Odd lota. tSells centi a share. 114 .li\ Hi 194 74 10 H so 454 11 li ili UH 17 l?i 61 61'.4 Hi 20 Is. 94 l'i 33'M 6 9H 14 1A ,H i 30 40 7 70 SS lrV cu c; 81 Hi 3?i 214 IS 124 40 19 43 351 60 29 lHi in im u 11 21 15 1S 2?s Sll 26 IS - rt 1 2 11 o 2 4 13 10 36 96M 97 87M 1004 SS4 834 91'i 664 37 934 904 n -- 1 -2- (4 n -- Hi 8 -- A -- A 5 A -- 2 -- A 1 -5- 4 -- ii 3 4 6 .. 3 9! 4 .. 4 ... 6 ii 8 t'tt H U R .1 7 6' 7 1 i -- 1 -- 1 is 4 1 -- 1 -- 3 .. .. .. 'i ',4 21 A 19 14 1 4 - -'- 4 . Vj -- 4 Vt -- i fc i -- Hi 3 -- 14 -1- T4 WHEAT PRODUCTION REDUCED. Ilyc Alao I\ereaaed In Xorthern Hemisphere for' Year 1010. Rome, Nov. 23. There was a decrease in the production of wheat and rye hi 1919 of 42.000,000 quintals below the yield of 1918 In countries In the North- ern hemisphere, according to a state- ment by the International In- stitute of AcTiculture. These countries, It Is pointed out, produco about 55 per cent, of the world's normal crop. The yield of 191S was 641,000,000 quintals, while in 1919 It was 599,000,000. The average yield for the previous flvo years was 610,000,000, so that the decreaso Is considered Insignificant. FINANCIAL NOTES. Commercial paper department of Blyth, Witter A Co.'a San Francisco office hns acquired the'account of the Shell Company of California, a subsidiary of the Royal Dutch Petroleum Company and the Shell Transport and Trading Company of The Hague nnd London. The company owns plants In California, Oregon. Washington and Hrltish Columbia, Including a 1,0 mile olpe line between Collnga and Martinez. Cal., having dally capacity 23.000 Barrels and pumping stations with dally capacity of 255,000 barrels storage capacity. Harold K. Weed and Raymond V. Ed- wards have opened offlcea In 158 Broadway under the name of Weed. Edwards A Co., Inc.. to tranaact n general Investment business and specialise In Middle State Oil Corporation and Dominion Oil Company securities. SECURITY LEAGUE IN DRIVE. Seeks 1,000,000 Members lo Fluht Unrest In V. S. The National Security League made public yesterday a programme for a countrywide campaign to enlist l.ffOO.OOO now mombers and, with Its increased membership, to fight social and political unrest, which the league believes Is threatening this country with destruc- tion. These principles announced by the league aro believed by Its members to be a solution of the problem: Reforma- tion of deportatton, Immigration and naturalization laws, universal military training and rovlslon of citizenship teaching In the schools, ' tVnnt School Lunches Ileatored. A protest against tho discontinuance of school lunches by the Board of Edu- cation was made at a meeting of East Sldo taxpayers at the Bank of the United States, In Delancey street, yesteruas-- . Josouh S. Marcus, president of the bank, said that tho properly balanced lunches formerly furnished the school children at nominal cost had been found a great boon to tho poorer families of the lower East Side. Harry Schlacht was ap- pointed to take up the matter with Mayor Hylan. The National Bank of South Africa, Ltd. Resources Exceed $287,000,000 10 Wall Street II. r. SAUM1KHS, 101 New York Agent. DIVIDENDS AND INTEHF.ST. TEXCALOKAN OIL & GA8 CO. Dividends at the rate of 1 (one) per cent per month (twelre per cent basis) nre de- clared by this Company. The first of these dividends Is payable December 30th to Moekholders of record December lSlli. Subsequent monthly dividends of 1 (one) per rent are payable the SOtli of eorli month to stockholders of record the 13th of that month. An extra stock dividend of 4 (four) per rent la declared, payable January 30, 1910, lo stockholders of record January 13, 1970. F. L. SAVVY Kit, Treas. In dependence. Kirns. St. LouU. Missouri, November 4. 1313. The Hoard of Directors of BIIOWK SHOE COMI'AXr, INC., at a meeting held y. declared a dividend of 11.71 per share upon the Common Stock of this Company, pay- able December first, 1919. to common stock, holders of reeord at the close of business Novsmbir twentieth, 1911. WM. KHArL, Bterttary. 1 ji nn Ahim mm Anr x u CREDIT COMMITTEE Xow Body to Doviso Ways and Mc'nns to Speed Botnrn of Normal Trade. Washington, Nov. 23. Organization of tho National Cominltteo on European Finance to Btudy doflnlta plans for sup- plying necessary long tlmo credit for Europe's purchases In tho United States was announced Tho oommltteo was appointed by tho Chamber of Com- merce of tho United States, following the recommendation of tho committee on credit and flnanco of the recent Int;rta-tlon- al Trade Conference at Atlantic City. Organization of tho now committee is believed to be a step toward' solution of Hie most Important peace time financial problems which havo' confronted a na- tion. The task boforo It Is to devise ways and moans to speed return to normal of tho trade relationships be- tween the United Statoa and Europe. Leading business mon bellove that only by tho full cooperation of tho Investing publlo nnd nil tho commercial, Indus- trial and financial Interests throughout the United States can that task bo per- formed. The chairman of the new body Is Harry A. Wheeler, of the Union Trust Company of Chicago. The chairman of its executive committee Is James S. Alexander, president of , the Katlonal Bank of Commerce. Its mem bershlp has boen drawn from among men of oxperlenco In various lines of busi- ness activity and important affairs of the nation nnd is representative of all sections of the country, among them being Henry P. Davison, Homer It. Irer-euso- Myron T. Herrlck, Charles E, Hughes, Alfred E. Marling, William Fellowes Morgan, William C. Redfleld, Charles H. Sabin. Charles M. Schwab rnd William H. Taft. Thn 'New York Federal Reserve dls trlct representatives on Its executive commltteo are George F. Baker, Jr., William P. Bonbrlght, James Brown, Irvine T. Bush. E. A. S. Clark, Henry P. Davidson. Guy Emerson. Allen B Forbes, Alvln W. Krech, Thomas W. Lamont, John MoIIugli, Lewis E. Pier- - son. Harry T. Ramsdell, Charles ii. Sabln. William L. Saunders, Mortimer L. Schlff and Frederick Strauss. The districts representatives on Its general committee are Willis H. Booth, William A. Brady, waaaui uaicnings, Clarenco Dillon, E. D. Doheney, Joseph P. Grace. Georgo W. Hodges, Charles E. Huches. W. A. McDermld, Alfred E, Marling. H. A. Moldrum, E. G. Miner. William Fellowes Morgan, John R. Munn, Dr. William M. Nichols, William C. Redfleld, E. W. Rice. Jr., cnaries m. Schwab. Alfred H. Smith, George E. Smith, Charles A. Stone, S. Fred Strong. W. C. Teagle. E. P. Thomas, George T. Trowbridge, Eliot Wadsworth, Theodore F. Whltmarsh and Clarence M. Wooley. CORN EXCHANGE NATIONAL BANK PHILADELPHIA CHESTNUT it SECOND I'HILA.. November 1\ 1919. Comptroller's Statement. ItESOUItCES. Loans and Investment!. .153,505,292.04 Due from Hanks.. Clearing House Ex- changes Cash and Reserve Customers' Liability on Foreign Credits and Acceptances Canftal Surplus and Net ProHts. . Hrwerve for Taxes Unearned Discount Circulation 'Deposits Foreign Credits and Ac- ceptances Advances from Federal It (serve Bank 10,582,203.27 3,184,129.30 4,342,780.31 0,218,833.78 $76,831,337.70 MABiXITIKS. 2,000,000.00 4.230.011.22 302,907.2!) 189,600.00 49,776.043.0.1 0,218,833.78 13,840,040.38 $76,831,337.70 NEWTON W. COrtSON, Cashlor. TOWN OK WEST SENECA. 8EWEB BONOS. NOTICE IS HEREBY 01VBN that the undersigned will sell to the highest bidder, for cash therefor, sower bonds of the Town' of West Seneca, Kris County, New York, of the aggregate par value of Twelve Thou- sand Six Hundred Dollars (111,100) at three o'clock In the afternoon, on the 3rd day of December. 1919, at the offlee of Henry N. Trier, luwn Clerk of said Town, which Is located on Union Itoad In tha Village of Oardenvllle, Erie County, New Tork, and that bids will be received for said bonds, or any portion thereof up to and at the time of such sale. These bonds consist of twelve (12) bonds of the denomination of One Thousand Dol- lars ($1,000) each and one (1) bond at the denomination, of Mix Hundred Dollars (1600). Bonds will be dated Deoember 1, 1919. The principal of one of these bonds will mature each year on the first day of April, commencing April 1, 1921, and In' terCst at the rate of flvo per cent, (lift) per annum will be paid on the first day of April of each year. The Town of West Seneca, with a large assessed valuation contiguous to the City of Buffalo, Is the guarantor of these bonds. Each proposal must be accompanied by a certified check payable to tha order of the \Supervisor of the Town of West Seneca.\ for two per centum (! of the amount bid. The right Is reserved to reject any and all blda and to waive any Informality. For further information address William J. Daetsch. attorney, 1071-101- 3 Elllcott Square, Buffalo, N. Y. For submission of bids address Christian U Schudt, Supervisor, ears of Town Clerk, Oardenvllle, Erls County, N. Y. CHRISTIAN L. SCHUDT, Supervisor of the Town of West Sense. Erie County. New York. DIVIDENDS AND INTEREST. EAST COAST FISHERIES CO. 7 Wall Street. New York November 1$, 1919. DIVIDEND No. 1 The Hoard of Directors of this Company has declared a quarterly dividend of 1 per cent on the Common Stock, payable Jan- uary 1st, to stockholders of record Decern-be- r 27, 1S19T MARK W. NORMAN, Treasurer EAST COAST FISHERIES CO. 7 Wall Street. Now York November IS, 1919. DIVIDEND No. 8 The Board of Directors of this Company has declared thn reitular quarterly dlvi- - , a . .... ...... , 1. holders of record December 1919. .MARK W. NORMAN. Treasurer THE BORDEN COMPANY PREFERRED STOCK DIVIDEND NO. 72 The regular quarterly dividend of 1 ',, has been declared on the Preferred Stock of this Company, December 15th. 1919, to stocltholdem of record December 1st. Books do not close. Checks to bo mailed. I D. SHOVE. Treasurer. NATIONAL LEAD COMPANY, 111 Broadway. A Quarterly Dividend of IH per cent has been declared on the Common Stock of this Company, payable December II, to stockholders of record at close of busi- ness December 15. 1919 FRED R. rORTUBfBR, TrtamTt immrrrr- jg-TlW- if- f HM 'A MMli. III! ' ' ' \ 1 ' . \1 IP I ill I li'llf' .' ...\ ' '1 711.' TtKrOUT OF THE CONDITION OP THtl REPUBLIC BANK OF NEW YORK at the closo of business ou thu 12th day of November, 1010. 11ESOUHCKS. Stock and bond Investments, viz.: I'uulto securities; U. fl. Qovornment Bonds. N. Y.I State and City Bonds. . . rwate securities , Real nstato owned Mortgages owned Loans and discounts secured by bond and mortgage, deed orother real estate collateral Loans and discounts secured by other collateral 400,200.1(1 Loons, discounts and bills pur- - chased not secured by collateral. 1,018,203,77 Overdrafts 17.21 Due from approved reserve de- positaries, letJ amount of onsets. 2$8,0SS.0i) Specie 171,057.71 Other currency authorized by tho Lawsortno unitea nintos su,zuu,u War flavin Stamps on hand utncrcasn items, ... Other assets, viz.! Accruedinterest not entered on books at close of busi- ness on abovo date Dus from Liberty Loan Association . Total... Capital stock Surplus: Surplus fund.... Undlvldod profits LIABILITIES. Deposits: Preferred, as follows: Duo New York Savings and Loon Associations and Credit Unions J210.SO Other deposits se- cured by a pledge ofassets 109,402.08 Not preferred, as follows: Deposits subject to chocll 872,108.23 Domand certlfl- - cates of deposit... 8,528.13 Foreign Exchange Department Deposits withdraw- able only on presentation o f pass-boo- 3.629,058.28 Cashiers' checks outstanding, I n - eluding similar checks of other officers 5,764.57 Certified checks. . . 7,943.23 Fmirt.h T.lh- - lian payments Victory Lib. Loan payments Due true com- panies, bonks and bankers Extend total deposits. Other liabilities, vli.: Reserves for taxes, expenses, etc Accrued Interest not entered on books at closo of business onabovodate.... Estimated unearn- ed discounts 1 Total OF THE OF THE at the close of on the 12th day of 1910. Stock and bond viz 1'ubllc securities. Loans and by other and bills not by Due from reserve less of Due from trust banks and not in ttom Other by tho Lava of the . . . Due from the Bank of New York loss on (see per Other assots, viz.: and fix- tures on books at close of busi- ness on .above date lunu. .. , Not as to chock wit h only on of . checks of other officers Duo trust com- panies, banks and 17.372. SM. 41 of drafts at a Othor liabilities, viz.: tax- es, to .\ $30,102.40 15,818.25 J75.OOO.0O 78,222.85 05,104.19 4,203.3 $3,653.54 20.000.0U 7,800.00 date or oj of ror etc. at closo of on dato 44,99; Stock, 1920. stock-- 1 ,V!? \. 2\th 1919, State ofTsct 44 u n 1,401, 102..H 251.01 .13,017.807.14 . ......so.017.8B7.nl ItEl'OKT CONDITION ITALIAN DISCOUNT TRUST COMPANY November, RESOURCES. Investments, discounts secured collateral Loans, discounts pur- chased secured collateral Overdrafts approv- ed deposi- taries, amount $204,487.19 companl. bankers lncludod pre- ceding 1,814,303.21 Specie currency authorized United 8tats. Federal Reserve offsets.. Customers' liability accept- ances liabilities, contra) Furniture $45,000.00 Accrued interest entered 51,951.01 Accounts receiv- able 479,059.20 Total , $19,461,192.21 LIABILITIES, Capital stock Surplus: surplus szou.wiu.uvi Undivided profits 170,S4U.S4 Deposits: proforred, follows-Deposit- s subjoct $8,712,350.05 Deposits -- .drawablo presemaiiu\ Cashier's checks outstanding, In- cluding similar Certified checks.. bankers... KunnH total letters credit expenses, above payable 2,328.48 T!S,t2 150,605.99 8,400,581.07 denoslts Acceptances future auinonzea lloservos Accrued Interct $12,702.80 nnterodonbooks busi- ness Estimated -- earned discounts 88,835.02 Total.... January payable T 17,364.97 I572.343.00 210.0K1.21 lu.O'.io.rn 305,700.1X1 17,700.0 2,413,19 51,820.7. fl30,000.00 163,222,S1 4,67t,100.71 40.1M.51 AND business $723,S69.12 0,828,009.03 3,Sfi5,663.2q 13,700.97 2,018,860,40 1,917.91 449,138.00 009,053.00 1,071,727.63 570,913.27 $500,000.00 420.S10.S4 commer- cial 1,071,727.83 06,035.21 ..$ 19.461. 403.2 Investors read IKe Wall Street Journal ELECT10N8ANn TEXAS PACIFIC LAND TRUST To the Holders of Certificates Issued Cndet a Certain Declaration or Trust Mads by Charles J. Canda, Simeon .1. Drakj nnd William Strains, Dnteil February 1, 1888, and Filed with Central Unto Trust Company of New York: TAK1S NOTICE that the undersigned re. malnlng Trustees under said Declaration o( Trust, In corformlty with the provisions thereof, hereby call a special meeting oj certificate holders to be hold at tho ofllcs of Central Union Trust Company of NeW York, No. 80 Broadway. Borough of Man. hattan, City of New York, N. 1., on Tuo day, December 9, 1919, at two o'clock lq tho afternoon, for tho purpose of electing Trustee In the place and stead of Robert II. White, resigned. No nersona will be allowed to voto at said meeting save only certificate holders then present In person or by proxy wnose names shall have boen registered In the books of the Trustees at least fifteen da;.s before such meeting. Dated, Csew York, .N'ovemDfr to. ii. AI.PHONSK KLOH. DAVID RUMSEY. Trustees under the Declaration of Trust of February 1. 1881. NOTICE OF MEETINO. The annual election of Directors of The Equitable Life Assurance Society 'of the United States will be held at the office of the Society, Room 91\ Equitable Building. ISO Broadway, In the Borough of .Ma- nhattan, City, County and State of New York, on Wednesday, the Srd day of De- cember. 1919, at 10 o'clock A. M. The polls will be opened at 10 o'clock In the forenoon and will remain open until 4 o'clock In the afternoon of that day, at which time they will be closl. Sued other business will be transacted aa may properly be brought before the meeting. New York, November 19, 1919. WILLIAM ALEXANDER. Secretary. NOTICE of Special meeting of Stock, holders for the . lection of Directors to the Stockholders of THE TENSION ENVELOPB CO.. INC. Notice Is hereby given that the olectlon of Directors of The Tension Envelope Co, not having b'eii hold on (he date drslgnated a meeting or tne kipck- - holders of said Cornoratlon for the mir pose of electing Directors thereof will hi held it the office of tne said Corporation. No. 17 31th Street. In thn Borough el Brooklyn. City of New York, on ths U day of November. 1919. at 10 o'clock In the forenoon cf that day. Dated New York. November 15th. 1919. 1IARRY KMDIN TRENCHARD. Secretary, DISSOLUTION N'OTICr.S. NOTICF.. Please take notice that d. SEWARD FOSTER, heretofore dolnsr a stock broker- age business under the firm name of O. ts FOSTER AND COMPANY at No. It Broa.1 Street, New York City, has this day wound up and discontinued his auilnass. Dated, November lttn. Hit, o. sTswAno ruvnit .4
