{ title: 'The sun. (New York [N.Y.]) 1916-1920, November 25, 1919, Page 13, Image 13', 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/sn83030431/1919-11-25/ed-1/seq-13/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn83030431/1919-11-25/ed-1/seq-13.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn83030431/1919-11-25/ed-1/seq-13/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn83030431/1919-11-25/ed-1/seq-13/ocr.txt', label: 'text/plain', meta: '', }, ] }
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1 Increased Production will have a direct bearing on the Cost of Living We offer the preferred stock of a company manufacturing equip- ment that , has- - been bought for years by farmers. This stock attractive for obvious reasons. Price to yield over 7 Send for Circular BX-6- 7 A.B. Leach &Co.,Inc. Investment Securities 62 Cedar Street. New York rhlcajo Jloston Buffalo Cleveland rnuaaoipnuk Minneapolis uauimora MAGNA OIL & REF. CO. Bought Sold Quoted, LOUIS FAGENSON Specialist Member New York Curb Market Assn. 61 Broadway New York Ftionu: Broad lins Green 6850 Amer. Thread Pfd. Bncyrus Com. Botterworth-Judso- n Colombian Emerald Amer. Power &Lt. Cpjd.& Amer. Gas & Elec. pjdf North'n States Power m Kiely & Horfon 40 Wall St., N.Y. Phone John 6330 HENRY CLEWS & CO. Uembero rI N. Y, 8V Rxahinn, I), 13, 14. IV 1 BROAD ST. Deposits received subject to chequj Stock, Bond & Note Issues of Railroad & Industrial Companies Bought and Sold ana conservative advances made thereon. Dealers in LIBERTY BONDS .Braneti omc., SiQ irinh Arc. llCnlsnttquar. OB Warren 5 U ili Third Are IB Court ut UrMktrn. CARSTAIRS & CO. MEMBERS New York Stock Exchange Philadelphia Stock Exchange New York Cotton Exchange STOCKS and BONDS 71 Broadway Pknt, Boulint GretnJItO. MONTGOMERY S CO. 14 Wall Street, New York PHILADELPHIA CHICAGO Bonds for Investment Harris, Forbes & Co. Fine Street, Corner WUllam NEW YORK Montgomery, Ward & Co. Old and New Stock John V. Dunne & Co. U Broad St. New York Ttlephtmt Broad tili LIBERTY BONDS All denomination bought for cash Baaed on the dollar wo pays fJt for a 150 3V4 Bond. It Coupons SU.SI for a ISO Id ' Bond. No Coupon M7.MforaS50-3- d4 Bond. 1 Coupon MJ.8S for alio tthift Bond. (Coupons KO.il ior a 130 5th 4 victory Loan PURDY &,CO., John 3m--fl-- 8 rise St, N. Y. 5Urk A. Noble Theodore C Corwin NOBLE & CORWIN Broad St. New Tork BirlccrsTr.Rts. CutiiaAeroPf CtixensNaLRts. Borden Com. Telephone 1111 Brood. CONSOLIDATED EXCHANGE. A nearly normal sail monev rut m Swved foreign exchange and generally SaUaf&AtArv trnA mAvlnma ma , I... Oct( u raceslonary, while rails Irregular ud marines loactlrs and but little changed. Worth Ingion Pump advanced 11 M pemts Hi United States Rubber, H to 1MH: Btrombarg. 8 to TTM 1 lUtail stores, 8 ; Flake 14 K. nd American Sugar, 1 HU. Pterce-Arro- w, at maximum, STI tn in a . Ttn,it 1 ti .a tuv. EUtl eommoa 1014. 4 is the THE 1919. TO AID SWEDEN IN GRAVE A ROADS AFTER JAN. 1 FINANCIAL GLOOM BROWN BROTHERS & CO. Erttbtianod 1818 Philadelphia NEW YORK Boston $1,000,000 Executives Assort Emergency Is Bcsnlt of Extended Hold- ings liogfalation Needed When of German Marks HoDGMAN Rubber Company U. S. Drops Control. British Aro Cautions. FOREIGN SERVICE (Incorporated under the luws of the State oi Hew York) COMMITTEE HAS MEETING SEVERAL BANKERS PAIL our long established connection? abroad, 8 Convertible Cumulative Stock we are in a position to render complete foreign Exempt from present norma! Federal Income Tax Must Maintain Federal Hates Swedish Houses Have Been Too service to banks, corporations an.nrrna doing an ' international busineis. Our correspondents include Preferred as to assets and dividends. Far valuo $100 per eliaro. and Seek Higher Hates, Liberal With Domestic the strongest and most progressive institutions and Dividends payable quarterly, Fob. 1, Hay 1, Aug. 1, Nov; 1. They Declare. Credit on Marks. private banks overseas. Capitalization (on completion of present financing) Emergency legislation to protect rail roads .after, their return t6 private op eration on January x was declared yes terday to tit a vital financial necessity tcllowlnr a meeting of the entlro stand- - me committee of the Association of Rail- way Executives 'in 61 Broadway. Not only must the standard return bo sus- tained for a sufficient period to obtain adjustment of rates, in the opinion of the executives, but the entire rate structure established during Federal control must bo maintained, and on top of that higher i rates must be sought, they said, j At yesterday's meeting the railroad I executives hay 'before them data which ' showed the following Important develop-- I merits: i.. me uovcrnment deficit this year will not be less than 1309,000,000 below the standard return.' The' amount of the deficit will probably approximate 36Q,T 000.000. against 1235.000 000 deficit in ! 1918. 5. The railroads are earning tesa than 3?4 Per cent on their total property In- vestment of $19,750,000,000, and the per- centage is actually close to 3 per cent. , 31 of the 163 Class 1 railroads are earning amounts equal to or exceed- ing their rental contracts, and of them only two operate as much as 1,000 tnllea pf road. The .only big railroad system earning Its rental contract la tho Union Pacific 4. Approximately 108 of the Class 1 roads ore not earning amounts equal to their fixed charges. 6. Of the 108' between 40 and SO aro not earning even their operating- - 6. when the roads shall be returned to private operation it is expected that In- - Canada, giving him control He leaves rates will I ior ijanana in 10 aevotop sou rates, of course, will be lowered to meet state taws superaeaea iy veaerai con- trol, but which will return to practical effect as soon as the Government gives up control, unless something be done to maintain the entire rate structure. Those tacts, railroad men contend. show clearly the .vital necessity, of prompt enactment of emergency legis!a tion. Just what will be done' In the dl rectlon of a drive to obtain essential temporary legislation could not be loarned yesterday, but It was stated that tho ontlro matter met with vigorous dis cussion. The standing committee) con tented itself with the following anounce- - ment \Tho standing committee of tha Asso ciation of Railway Executives met to to consider pending railway legisla- tion and various matters conected with the resumption of prlvato operation on January 1. \It la understood that the railway ex ocutlves feel It Is essential In case permanent legislation cannot be enacted by Congress prior to January 1 to have emergency legislation which will protect the situation, at least to the extent of Insuring the standard return for a suffi- cient period to secure an adjustment of rates .and which will also maintain In existence the rate structure established durlng.ppde.ral conVol. ' . 'The special cdmmlttoe on allocation and financing of equipment also met, and It Is expected, now that the enabling leg- islation has passed both branches of CongTCBS, that the proposed National Equipment Corporation will be estab- lished as soon as the necessary details can be arranged. \R. M. Calklna formerly president and now nt of the Chicago,' Milwaukee and St. Paul Railway Com- pany, resigned from the standing com- mittee and H. & Byram, formerly Fed- eral manager and now president of the Chicago, Milwaukee and St Paul Rail- way Company, was elected In his OFFER GREEN STAR S. 8. B0KDS. Issue of 88.B00.000 Betas Placed by Trust Company. The Equitable Trust Company is offer- ing a new Issue of $3,600,000 of Green Star Steamship Corporation first marine equipment sinking fund five year 7 per cent, bonds due on December 1. 1I4. The company has a paid up capital stock of 110,000,000 and owns and oper- ates a fleet of, American steamshrpa. Based on the outcome of recent voyages of its company's other vessels and on contracts and business offered It Is esti- mated that the company's net profits from August 1 to December 11 will be 18,800,000. It Is esUmated also that the net income of the company from Its entire fleet In 1820 will exceed $14,000,-00- 0. The company will deposit with the trustee every three months 1176,000 as long as any bonds of the Issue be out- standing. Tho total sum so deposited, will retire the entire issue by maturity. The bonds will be secured by a closed first mortgage on four new steel screw steamships. They are being offered at tSU. to yield about 7.20 per cent. COFFEE MARKET. Weakness of the Santos futures mar- ket rather unsettled local coffee condi- tions yesterday and prices were Irregu- lar throughout the day. Tha market opened unchanged to a decline of 10 points, December on the call Belling at 16.16 and May at 16.76, which brought in' some scattering liquidation. Later in the morning price worked up 10 points or so, but cables from Santos reported continued decline In futures I there, causing local values to .sag oft. I (Final prices at net declines of 6 to sv points. Sinn of prices November. December. r anna it..... February.... Marco,..,... April. ........ May.. June July. Acrmt , mincer.. ober. ipsa. Blxh. tow. 12.91 15.71 iin ii'71 ii'ts ii'oi mo Err iiri iin ..... 11H ii'ei iin dote. day. U.GS.10 lt.W-- ll.JWO U.U-4- I l.H-- 9 U.U-- U,K-- 7 U.U-4- 11.1041 11.6043 IS. (Ml U.SU4 Barer- - 15.M 11 a is. (3 11.79 11.71 18.71 U.7T U. average price, on the Consolidated ' .ftS utL'r Rock EbwhangM yesterday. Pair gains !Pu aow ba aoV 000 bin, la .itvu uuwi OTjuipmonis, Samoa apcta wvn wi qnm, mourn Hten steels and many specialties. Coppers, on were IX to J nU low, eioejrt NoraobeT, arte, of a cut in the metal prlcTwere T, Kfe1:., wore to 14 to 11 Tire, to rained day that were were n,no oaga, aiaian u.w9 kii roar 0,000 two rears axo. 810 Paul had 19.000; aratnit W.0 and tl.iee, and ftnAaar 11.000, abut 30.000 and 47.0W bara, renecUrely. 8 and from Baatoa Koreaber 81 lCtN bixa for Tort. BRAZILIAN COmB STATISTICS. Terte. Lait Lait day. week, month. New Tork daUrtr!. u,Tit Ul U.RS n. urleaaa oaiirenw v.ri am no. 7,tea TVi: lUpubllc 2U 108: Bethlehem stock at all ports.. .UM.1M LU7.771 \tMl B, 1U to 9IT4. and United States Aoeat .?W,0 to ana I vial hi rjBorr UMlIM toe to i,u,rri tm.m I Lilt rears, Tlaiela. 4.93, Mi 1 ... 1S.W 15.11 1119 lies 7 New n.in TM.eoe H3,Kt m.!K ML00O JUptcial Vablt DttpatcS to Tan Be. Copyright, Vttt, all rigMt rutrvtd. , London, Nov. '24. Sweden la in the midst of a grave financial depression as Uie result of extended holdings of Ger- man markc British bankers are pur- suing the utmost caution in their rela- tions with the batiks of that country. Tho Swedish firm of Bruno goderstrom, bankers, recently failed and several pther failures have occurred. The Swedish banks have been too lib' eral in granting domestia credit against marks In payment .for merchandise. Can dltlons were good as long as the mark etiyed around 4 cents, but when It col lapsed the banks were badly squeesed. The; same thing has happened In SwlU- - oriana, wnere several DanKS nave iauea. The London Joint City and Midland Bank has invaded Scotland for the first time. It has a gigantic scheme of bank amalgamation, which Includes purchase of .control of the Clydesdale Bank In Edinburgh, one of the. oldest Scotch banks and having IS? branches. Lloyd's Banu la the only other member of tho big five which eraotlcally monopolised banking control of England, having di rect Scottish connections. Lloyd's con trols the National Bank of Scotland. The Irish Bank Officials' Association, composed of employees of Irish bank, baa, called a strike for December 81 to enforce readjustment of their .wages and working hours. The association has made arrangements to open a bank In every Important city In Ireland to com' pete with the established banks If their remands be not met Jt Is understood that Col. Grant Mor- - den Has bought 85.000,000 worth of the stock of the Domlffton Steel Corporation of terstate stand, but intrastate uecemoer place.\ mort- gage special sui ipfiTa extend that corporation's business. As- sociated with him In 'that deal are! Vis count Furness, Sir William Beardmore, ,8Ir Trevor Dawson. Sir Harry n, Benjamin Talbot and Henry Steel. Oil LONDON STOCK MARKET. Leaders and South Africans Aro Stronsr and Active. Sptciai CabU Dupatc l Tas Oct) rem tit London Timu Btrvipt. Copyright, 1J1, fl riAta rutrvtd. London, Nov. 84. Outstanding fea- tures in the stock markets were to-d- ay strength and activity of some leading oils and South African, among which Mexican Eagle and De Beers reached new highs. Home rails came Into favor after a long period of quietude and there was again demand for Argentine rails. All Brazilian securities were Ann on con- tinued uso In llio exchange. OUt edged securities were dull and Marconi shares weakened. Short loans were In keen demand at '4V& to 44 per cent, and higher, rates were paid In some Instances. After noon money was to be had on cheaper terms, 4 per cent being accepted for balances at the close. A fair amount of Business was reported In discounts at previous rates. There was good recovery In New York exchange, which closed at I4.07H. Francs Improved, Parts closing at 88 francs OS centimes, and lire appreciated. Italy closed at 47 lire 86. Marks were firmer at 163 a pound. Copenhagen moved In our favor, but Stockholm and Chrlstianla went against us. Offer Butler County 'Bonds. The William R. Compton Company Is offering a new Issue of 81,001,000 Butler county, Mo., Inter-riv- drainage district serial 6 per cent bonds, due on April 1, 1(24 to April 1, 1939, to yield 6.80 per cent They are secured by a tax Hen on 117,087 acres and average in value at least 176 an acre. The an- nual requirements for principal and In- terest of all outstanding bonds average but 11.60 an acre. They are legal in- vestments for trust estates, public school and seminary funds, capital, surplus and reserve funds of Missouri Insurance com- panies, and are legal security for Mis souri state deposits. EX DIVIDEND TABLE. Crex Kodak. Galena Al ut A pf Arms Arms, extra................ pr....... ivi Hoiar 00 Standard i.... Standard of Kansas, 00 Standard cf Ohio ....11.00 Standard or Studabakar .1V Studebaker extra., Studabakar Co... .'lKtt DIVIDENDS. of Telerraph A Co.. Anto oeais Rears TNov.1I Eleo. II tUj...De. Caluraet.Beela St Dominion 29 Dominion lft... Dae.se Erie Ptttsbnrg RR. Laclede Oas Light Dm Bank. lfl..,....Deo. IS Co., q, Dae. II Brewing Co, PI Car of. Co, 1tK..,.Nt.1I Ww4(Mijl- - fa, llUiara.'M Dec Deo. II 11 Dee. Dee. Dec. 11 Jan. Jan. Deo. 19 Po..ll Jan. Jan. Jan. '1 Dee. SUN, TUESDAY, NOVEMBER 25, WANT LAWS through Preferred BROWN, SHIPLEY & COMPANY attabUahM J8I0 F Court, Lothburr Travelers LONDON.K.O. fall LONDON. A ft SEES WAY OUT OF EQUIPMENT TAMGLE W. E. Woodln Working Ont Plans to Solve Ono of En-ropo- 'B Railroad Problems. Although has worked any of Important details, a Woodln, president the American Oar and Foundry Company, believes that soes way out the railroad equip tangle European coun find themselves. Mr. Woodln re turned on Sunday several weeks tour England, Belgium; Holland and Franco, during viewed the sit hand. declined any hint has in but It Is believed to something the line of an equipment export organi- sation the Webb would toxe in ail prominent railroad equip- ment manufacturers. has for several months of corporation, but nothing definite toward formation developed. llr. Woodln declared yesterday that European countries' needs equip ment He estimated the prob- able cost the material re- quire successfully to operate rail- roads at between $400,000,000 and 000,000. brought back-wit- h him some few which was able to obtain, but said, were unim- portant, aggregating several million dol lars. Financing purchases for European nations Mr. Woodln believes to crux the situation. de- clared this country has wonder ful opportunity if it wUl but araso it but 'It is a problem In which all, the Government bankers and manufactur- ers, cooperate, said. It Is al- together big for any organisa- tion, world Is denuded of rail road equipment\ Mr. Woodln declared. \There la very serious situation where. It's serious enough right here the States, but In the nations It is far During the war Railway Administration pur chased several thousand cars, and still this country is behind equip needs. It is difficult to the condition the European no- tions, which bought no equipment during the war and which cars with all safety restrictions removed as as would run. The whole thloff la so that how It will possible for any group of manu- facturers or bankers to handle alone. There Government cooperation. ' Is In tha best shape of the countries of Europe) railroad equipment declared. There has Just been delivered to her consignment of 20.000 cars, which have greatly In abating the shortage there. France Is not so handicapped as might expected, because she has thousands cars sent by the for American forces during But France cars and loco motives.' pointed that manufac- tories are operating tn Europe on about T. STOCK EXCHANGE QUOTATIONS, the followlaf prices accrued la to be added. UNITED STATES\ GOVERNMENT BONDS. I Sa. retUtertd 109H Consolidated agar...., 1U1 2s, coupon 100 Federal b Smelt, pf 4a, rerbttred , 1M & Gamble pf s coupon -.- ...lot Reading Co. pX iVt u, Panama, 19H, mistered. H Wednesday Sa, Panama, nss, coupon D.lawara A Iladion lUft 2a, Panama, retiitered. MU Friday 2s. Panama, lit), coupon...... s tt.tt ' la, Panama, registered. U Express ....11.19 Is, Panama, coupon : It eroelt A ii.t pblL III. land purchase it. IKi ti Atlantto Coaat of Conn PhlU Id. public 1SJ5 13 Atlas POWd.r in I.I nuNln-Mrtr- la 1 4 California Paoktag .11.61 rviatrlat of Colombia S43i 97 Smori: KS. Colorado Power, pf 1 I Anglo-Trenc- Extern. U, UK Mtf If. ArfenUne Intern, ta, 71 Diamond Match ' Canada, Dominion of. U. UO. M Eastman Kodak aanada. Dominion 1KB MH Eastman Kodalc extra , Canada. Dominion 1IJ1 Eaatman Galena Slanal Oil Slsnal Oil 'Vi'C Oor.. Uu Kug By. la. 7 V'fJZt Cuba Extern. Sa, Cub Extern, (a, A, 2 Cuba Extern. Ma 11IJ. TTH .m..i?n.:;i' i \!.V Dominican Is. 1K1. m?pA\j cott??.ii i Nitlont Transit nto!: .... fl!l0 Otj of Bordeaux IS yr. to, BH Ohio Oil :s Parts City Is, 13H Oil. extra. , Jasaneio Gov. le, iterl. loan, Ban JOMUln Pr. il.to ,. m savara it. Savage Arms 1st pf l Savage Arms Id ner Solar Ret. extra 111.00 Southern Pao .SI. to Oil of .11.00 extra SI. OU extra 11.00 Corp Corpn pf..t Texas' .11.14 United Cigar Stores Stock rooord. Am. Cable q. 1U Nov.lt Sales Ooro, sr. a. 1H Deals Auto Sales pf, extra. HS Baton Sleo., s-- a. It Baton pf, s-- a. It ; Nov; Dordn Co.. of. a. 1 Co4 I Deo, I lt Deo. Bank. ex. A Ce Co pf, a, 1H 1 Molien's Ameriean 1A Pabit pf, 1 Dee. I. ere Arrow Motor Co.. a. lfc Dao.ll k A Co pr, q,' 1H9 oXU Wood Mfg. 9S Pay- able. 1 Deo. 1 t Deo. IS 3 1 1 1 Dte.lt Jan. 1 II Set. a office tor Its Mall. ho not out Its W. of he a of ment tn tries from a of which he at first He to give of what he be along under law, which There been talk such a 11a Has for are great of that they their $600,- - lie orders he he of those be the of He .that a must he too one he said. \The whole a every In United Euro pean worse. the away Its ment So not see of have have run long they vast I don't sea be it must be any of for he a aided badly be of across States the the war. needs many He out N. To Tedar ....10O Procter m, 1 Mtt Co. AJax Rubber Amer. net Line Co. tl.tO works a. 1st Carpet IMS 3ft 1U of. of. tlH Chinese fj 22 1HI eeries Rep. U1U... French. Ohio $4.71 19iS..N Savaga is. Kansas Oil Oil Ohio, sun ....Hi Corpw Reoge ulnmg Bank, North qt ranters which uation mind, they, Italy United interest Mining Gov. IVia. 3d, aeriea, 1125... I0U Japaneae Gov. u. aieri. loan, mi., 11 Japanese, T0M0 Oty (s, IKS 1.. M U. K. O. B. A L S yr. tHa. im.... tJH U. K. O. B. A X. 1 XT. tHa. 1IH.... 17. U. K. O. B. L.ll yr. IHa, l9... m V. K. O. B. A L 90 yr. H. 1B7... SO Mexleo Xxtern. aterl. ta of ', IMS. .. Mexico Extern, gold 4s of \Oi 1361.. 11 Closing price of stocks In which there were no ranaaouona yeaienwyi Bid. Aak. A A Ch pf. MH m Alb A Buaq .. A Bk Note. H do pf tVii Am B 8 pf. B A Br Shoe. IT do pf...Ul Amer Coal. .. Am line pf M Am Loc pUM Am6 8ecA tOH AStrdypt m Am SnuX.US An nl to Am Sn nf.lltU Amer Tod2 do pf...:.' n Am Til 4 0 a Am Zlno pf (1 Aim Arbor. 10 Asaoda 011.111 At Blr A A Itt AOaWX pf.. 4 Bald L pf.-l- Baroett L... M do M Beech Ok.. ttVl Beth fl Tft..loe Bkn Xdlion. H Brown Shoe trie Brunswick.. Bnf A Basq IS do Pf U BufTRAPpf .. Born Bream d M....41 fssfla IfiaMk. as in Si (6 n 200 75 13 117 M n in 15 1U S5 pf so m 11 UO 70 104 M 11 17H 101 1 75 U 199 111 m Butkrick... n 21 Caddo 2S CalPack pt.l Can South. 1 Cent Fdy... 17 do pf 19 C Leath pf.UO CRR ofNJ.lTS O 8 A Tel..U4 Cert Pd lit It do Id pf.. 71 Chi k do pf. Alt.. 7 ChloBI... do ct pf, ChiANw... do pf, Bid. Aak. IMS. Bid. 12i.i S s 91 .122 C Gt Wett.. 9U Chi Pneu T.lOSg O St P A O 99 do pf 98 CRIAP (.. a CCCAStL... a do pf tt CleveAPltts .. CI Peab PM91H voi a a ipi 51 do Id pf .. 41 Comp Tab.. S44 con tir pi. 10 Con Ga B.. t) Coo Can pUOl Con Inaur.. to lMVt 1MH Jl. 11 M M it 77 MH MH KU I7H t2 II 7J 17 I2U H tPA MM n m 71 88 M tVA 41 4JJ4 Aak. 13 cs llflfc 125 117 10 11 IU tli 124 Hi 197 61 too 4 41 70 119 n ei 17 12 102 101 14 cornPR pf.WTU 109 CrexCarpet 11 (l Cob, A tor- - a 80 per cent basis.\ Even at that rate car shortage Is felt, and with .business again going ahead at full speed that lack of equipment will be a great embarrass- ment' to those countries. In Belgium, he said, things aro going along at a rapid rate. \Belgium he declared, \is on her feet Her men have gone back to' work on a decent basis and for fair wages. Belgium has made won- derful progress. But Belgium' can't sup- ply the equipment needs of the other na- tions, for all that she makes Is required for her own roads.\ The foreign countries must get credits extending over a period of a' few years, according to Mr. Woodln If they are to bo ablo to make the purchases here that they require. The heavy cost of ab- normal freight rates, assembly of equip- ment on the other side of the Atlantic and the big discount on exchange rates make Immediate payment for that class of material practically Impossible. The only solution Is a credit of sufficient length to allow exchange rates again to adjust themselves to somewhere near normal. PLAN FINANCIAL CONFERENCE. Chairman of an Gronp Committee Selected. Bptdat Vupatch to Tas Sex. Washington, Nov. 24. Preliminary plans for the Financial Conference which will meet tn Washing, ton during the week of January 12 were made to-d- at a conference of Treas- ury officials with representatives of the country's banking Interests. A dozen group committee chairmen to have ac- tive charge of tho conference's work, one being assigned to every country rep- resented, were selected. Carter Glass, Secretary of the Treas- ury addressed the meeting, urging briefly the Importance of the conference and saying that despite the fact that he will be In the Senate when the con- ference convenes, he will continue to cooperate with Its committees to his utmost ability. Decision not to take the representatives on a tour of the country as a body but to Invite business organ- izations' of Industrial centres to extend Invitations to groups with which they would like particularly to confer was reached. Tho following group of committee chairmen, was selected: Argentina, Frank A- - Vanderllp; Bolivia, Joseph P. Grace; Braall, Mortimer L. Schlff; Chile, Paul M. Warburg; Colombia, Wallace D. Simmons. St Louis ; Costa Rica, Walter Parker. New Orleans; Cuba, F. Q. Brown ; Dominican Republic, William C. Redfield: Guatemala, John Clauson; Haiti Edward Hidden, St Louis; Honduras. H. H, Merrick, Chi- cago; Robert S. Brookings, St Louis; Nicaragua, W. L. Saunders; Panama, H. K. Mutford. Philadelphia; Paraguay. Lewis E. Pierce; Peru, John H. Fahey, Boston; Salvador. W. & Rowe, Cincinnati; Uruguay, Harry A. Wheeler, Chicago: Venexuela. Robert H. Patchin. The chairmen of the Ecuador group will be chosen later. At y's meeting were Joseph P. Grace, W. A. Prendergast John Mcll. henny, O. A. O'Reilly and Mortimer L. Schlff, W. D. Simmons and Robert & Brookings of St Louis. Robert N. Hsr. per, W. C. Worden, John Joy Edson, Glenn Levin Swlggett of Washington and William Allen of New Orleans. BID AND ASKED QUOTATIONS. American ra::::::::::::::::l SKsmiS.wi-rrS- a Japaneao Mexico, Del A Itad.lK DIi W...111 Bid. Aak. Deere pf....l0 Dot BdiaoaUO Den ARO IH DetAMaclc. .. Det United. .. Diam'nd M.tli Dome Min.. uvl Dul 83 A A i do pf 7 Elk H P pf 44 Elec 8 tor.. 115 Emer Bran, tt do pf 92 ErltaPltts.. .. Erie 2d pf.. 17(4. Ted MAS. 10H do pf 39 Fairbanks.. 14 do pf tti TlaherBody.lZ do pf 101 Gen Chem.,U0 do pf 199 Gen Clra pf ICS do deb Df 91 Goodrich pf.lOtv; Gulf MAN. IK do pf H Gulf S 811 . tt do Ut pf, 92 llunnuun.. 11 Hams pt.llS Ilomeatake. HH Int Nick pf 90 It rap pf. 95 do pf it.. 71 Iowa Cent, t Jewel T pf. 61 Jones Tea.. 20 KCAftBpf, 11 Kan O 8 pf 41 let Sp T...1M ao pr..,.. n OO 47i.....J0J ICO Kol WheeL. II do pf Keo A D M 4 . do pf IS Kreere 8 B.U9 do pf.....Ut. Kress 8 II.. 19 do pf.....l0 Laclede Gaa, 4! Lake EAW ,. do pf 1TH Ult k M..197 do pf 10a LorllUrd .M7I do of.. ...110 IW lit pf 91 do 2d PI..107 Louis A N.lll Man Beach. H Martin Py.. Tt Man Shirt I1M Macfcay 71 do of 14 Marlln R.. II Math Alk.. 11 May D8 pf.UT Maxw lit pf 17 Mich Cent.. .. 101 1M 101 117 0 195 m SH 9 Mu4 115 51 70 II 11 13S M4 299 103 MS 53 1014 10 MH M K 9t Ul 71 m 119 71 1 47 12 CO 49 1M 109 I us 191 1U ' 59 M 21 211 111 199 IV, 1C0U ui U4 :v n 19 72 40 119 iro HSSm pf... 9SU 191 MSSMLL... M M MKATpf... H UH Mo Plow pi II .1 MoT A Ea.. 70U U Mon V pf. 99 192 MulllcaBpf :. i) not 8LL.111H tii Nat Anil pf 17 m Nat Bla pf.lll 11S Nat C A 8. 71 9 do Dt IM 197 KT Atriraa m Nat Lead, Bid. Aak. MU ao pr 19 NRyM lsf 12ti do 2d pf.. IK NOTAM . NYUckAW 90H NYCAStL... S do lit pf. 12 do 2d pf.. 41 N Y Dock.. 41 ' do pf It Norf A 8.. 11 NorfAWpf. 4TH nonn Am.. C4 Owen B pt.V Pac Coaat.. IS do lat pf. ti do 2d pf.. 41 75 Pae T A T. 13 do pf I0i4 Pan Am pf.tTS Ptorla A E. 14 Pere M pf. O do p p.... l .. K do pf 91 Pierce O pf.lOJH POCAStL... 17 Pitta CI pf. IS PPVTAC pf.ISSH mtaSU pf. 93 PAWVapf.. 7714 Pub Serf 109 200 Ul KrStSp pf.JNU vH Ren Bar 117 Read 2d pf. 23U 11 Rem Ut pf.190 tltj Seib AL pf IT 6ara Roeb.217 211 do pf 1174 aicai-- MH SLaSPpf., 21 19 ShaltUCk.... llti 8 Porto 8 ,J3o S4S do pf Ill Its Stand Mlll.lM It,' do pf 90 Stew War..lSf 1S3 Studeh pf...l0m U'J Eup Stl Df.190 193 Tex PacUTM Tide W a..0 T31LAW .. I do pf.,... do a. 19 do p e,. 13 Twin City.. S pr uu 101 Underwood lis do pf 197 Un BarAP. tt Un Pao i7Vi Un as su.ua do Df 110 Cn DraWAlTO do Pf 197 U Drur lpf sm do 2d pf..U!H USInAl pf.100 uainAi cf.itr) t.B Smelt pf 41 va-- i cao... 71 Vulcan D... 11 'Vab pf B.. ITU Weel Ut pf 6) Wert Air B.11I West M lpf WhlALEpt Tfllton..'... 79 Wla Cent.- .- 99 Woolworjh 121 do pf Ill Wthstn otA Jl do pr 0... 79 thrtdend. 13 w 7 47 29 74 4 CS 14 17 111 (9 0 71 17 7ii 1 41 \X 45 191 1S9 91 . 71 72 UU ltt pf,. 97 11 M pf., 11 Ex II I0O m 11 ts 8. 19 ao 21 63 ill us n is 149 in lis Kti lis 10s 41 74 21 19 IS 111H rr 21 19 Si 115W K Anthertied Ontatandlng 6 Convertible Cumulative Preferred Stock. .J 1,000,000 91,000,000 Cornmoa Stock (without par value) 50,000 she. 12,100 shs. From a .letter of the President, Mr. George B. Hodgman, we summarize as follows: The busiiMM, founded in 1838, it the oldest in the manufacture of rubber good fax the United States. Factory and general offices are at Tuck&hoe, N. Y. A well-establish- ed industry producing necessities and staples including rubber clothing, mackintoshes, druggistV sundries, rubber bands, automobile top and material, hospital sheet- ing, etc The proceeds of the present financing will be used to retire $107,500 outstanding Preferred and to provide for additional working capital and equipment. . The net assets as of July 31, .1910, adjusted to include present financing, amount to $250 for each share of this Preferred Stock. Net quick assets amount to $178 per share. This Preferred1 Stock is convertible into Common share for share at the option of the holder. The Common Stock has a book value of approximately $124 per share, before taxes. A 3 Cumulative Sinking Fund is provided for the retirement of the Preferred at not over 115. ' lata offering is made when as and if issued and received by us and subject to tho necessary action of the stockholders. - PRICE 100 and accrued dividend to yield 8 Dominick & Dominick Blake Brothers & Co. US Broadway, 44 Wall St., New York. New YorkL til Devonihtrc St., Boiton The above statements while not guaranteed are based on Information which we believo to bo reliable! The Importers and Traders National Bank of New York Condensed Statement, close of business November 17, 1919. RESOURCES Discounts , $29,321,604.42 United States Bonds and Certificates of Indebtedness 6,539,900.00 New York State Bonds; ; 99,500.00 War Finance Corporation Bonds . 72,000.00 Other Bonds 69,000.00 Stock of Federal Reserve Bank 255,000.00 Real Estate , 700,000.00 Demand Loans $6,329,967.00 Cash in Vault and Deposit with Federal Reserve Bank 5,497,032.20 Due from Banks and Exchanges for Clearing House. . . 2,774,752.12 14,601,751.32 Interest earned but not collected 98,762.72 Customers' Liability account of Acceptances 387,910.87 $52,145,429.33 LIABILITIES Capital $1,500,000.00 8urplus. ..A.,.,..,....; 7,000,000.00 Undivided Profits.. 1,552,587.88 Unearned Discount 259,559.31 Circulation.. 51,000.00 Deposits 31,694,371.27 Bills Payable to Federal Reserve Bank secured by United States Obligations. . , 9,700,000.00 Acceptances '. 387,910.87 ' $52,145,429.33 v. gam The character of the resources of this bank shows its distinctiveness as' a commercial bank. Business relations invited. The Nassau National Bank of Brooklyn Ceedtnted Statement of Condition at Cloie of Butineis November 17, 1919, RESOURCES. ORGANIZED Loans Discounts $14384333.67 United States Bonds 1,372,721.50 Municipal Bonds 351,377.16 Other Bonds Securities 922,438.04 rixdwngs... $679,633.76 Cwh Reserve. . 2,252.464.81 Due from Banks. . . 679.509.75 . 3.611.60832 Jetal FRANK BAILEY CROWELL HADDEN FRANK LYMAN GEORGE S.1NGRAHAM EDWIN P. MAYNARD CROWELL HADDEN. ViaPmWcnt T. SCHENCK REMSEN. nt B. P..VAN BENTHUYSEN, Member of the. New York Clearing Houie 1859 and and and LIABILITIES. Capital Stock Paid in Surplui (Earned) Undivided Profits Reserved for Unearned Discounts.. . Reierve for Taxes National Bank Notes Outstanding. . Due Depositors..... United States Deposits R. JR. A. M. G. I.OOO.OOO.OOf 279.993.521 112.071.13 50.000.00\ ie oai ai ei'' 384.000.0db Rediscounts Secured Liberty I Bonds 2.694,215.69 I $20,642,478.69 Total $20,642,478.69 DIRECTORS DARWIN JAMES. AUGUSTUS HEALY GEORGE BOARDMAN FOSTER SMITH. President OFFICERS C.FOSTER SMITH. PrtiMeat $1,000,000.00 39.364.64 ADRIAN VAN SINDEREN FRANK C. B. PAGE HERBERT 0. HYATT FRANCIS H. SLOAN EUGENE A WIDMANN H. P. SCHOENBF.RNER. CuMer ANDREW I. RYDER. Aist. CaiMtr HOWARD M. JUDD. AiL Caihltr Member of the Federal Reserve Bank I 31 31 by J 3wn
