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*L^t*^0«-<vM .- A*uct loncer* ff^J^fn. MÍ'l.i.KK '.<. SON, ^HWfcoKMBKU 10." 1920. «M1*?«.» ''^ «. «« the MES ,"1^77« t. MI't.I.KR & SON. '$5 William «-.t., BOEMBKU 10. Jp7*i>S« o'clock, «t the JAtiC'K --«Al.KSUOOM. -\¿>\D D* VKSBY STREET. ¿it if u'.-."" u Mu>" Concern: -j. 2» #f 1' 'V 'rvlîle. Mías., Oouniv ^YfUd Kiver- w»ter Works ¿ *¿fc ! «'.« «'. ."* Bonds. 192Í. iIS&.Stlllwell, Okla.. «'aunty of W*«5S »«<¦««<- ^'Sht CNr Bonds. «.aft«« .*> »«««t?"' *li,a" County of «f »«c***- '"'¦' Kundin« Bonds, t;i;s luKi»»i Cc'.umht.'i. Miss., County of ¦CKfiaa School Building C'j Bonds, *.«¦»««*' Columbia. Miss., Countv of iRjA School Building 6S> Bañas. 1 I>- Infert ol* Columbia, Miss.. Countv of "f"fi»rroB. School Building 6*& Bonds urloo. School Bullding 6r,.« Bonds ».a oí Columbia, Miss., County of stton. School Building 6<-.« Bonds l«j cf r-r-.rr.a, Texas, County of Hint So« an«.« :«.-..- .', Bonds, 1951 a Mr of Will*amsburg Depot. Miss. Viinty ci Covington, Water o > 4 B<\$. is:: ft ro»n «.«: PoplarviUe. Miss., Countv "¦<pea:-i River. Electric «Light 6Î4 ieaàs. 1927. ¡ a r»irn of Poplarviil?, Miss., County . Pearl River, Electric Light o4 «Binds. IMS. Pec, 1?;o, Coupon on. Hft¡>*n of Indlanola, Miss.. County of R?°Ser,J W.ttier w°rka Addition Hi«* Bonds, 1939, B W ai /¡ear«,;, «ikl.t., «utitv of B:iIn-.-. Water Works C 5 Bonds WS. M Jour«-.-* A'.achua, Florida. Fundln**; hfcool Building Warrant 5% Bonds 113. M ton of Wanette. Okla.. County of Mtawatoml« Water Works 6'".* fctiiîs. 19S«. M 3tr- of Girard, Kansas. County of ¦awford, Electric Light 1'lant tc,'c Wtr.iis. l"2a Hfcftv oí Holly Springs. Miss., Connty (ft Miirshail, Sewase System Serios M" 5 a- Bonds. 19175. .lfcir.ur.ty of Blount, Alabama. Road n Bonds, 1945. «ftBow:! of Premiss, Miss,. County of .J»ff-rson Davis. Water Works 6% Ítods. 1937. Dec. 1920. Coupon on. ¡ty af Nocoma, Texas. County of or.t.igue. Water Works &ro Bonds, ty of C.roesbeeck, Tesas. Street Improvement ó^« Bond», 1951. Dec. Wt¡). Coupon on. }C Ob of Dublin. Texas; Water Works &* Bonds. 1951. Dec, 1920. Cou¬ pon en. 49Board of Education. City of Tonca Cria. Okla., School Building 6% JJou-J. 10716. ¦iWffcwn of Pryor Creek. Okla., County of Mays, Water Works 6'o Bonds. 19. iMTo«" of Lumberton. Miss.. Addi¬ tional Water Works 6*A Bonds. 1925. 100 City of Cherokee. Okla., Countv of Alfalfa. Elec. Light & Power Svh- tem 6* Bonds, 19D4. Dec, 1320, Coupe a on. «Oil To«mi of Inka, Mls3., County of T.shomlnpo, School Building 6'V Boiuis. 17'2S. .0 Charleston Separata School Dis¬ trict, Miss., County of Tallahatchle, School Building ç«i Bonds, 1929. lOItta Bena. Miss., Water Works) 6*e Bon.Is. 19 29. (MToVcn of Fairfax. Okla., Countv of Mage, Water Works C <» Bunds, »35. Dec, 1920, Coupon on. Mi'To'.'.n of Pontotoc, Miss.. School 8e-.es "3" 6Vi3> Bonds. 1929. PMCeurity of Covingion. Miss. Court House & Jail Bond 5<~o Bonds. 1925. «»County of Covlngton, Misa., Court House & Jail Bonds, 1924. HiTO'Vn of Lumberton, Miss., County of Lamar, Water Works 5'i Bonds, 1»2 4. (»To-.vn of Madill, Okla.. County of Jfarchall. Sewer 6% Bonds, 19775. Hwn of Madill, Okla.. County of Marshall, Street Crossing tír¿ Bunds, 1».-. ¦Awn of Indlanola, Miss.. County of Sor.ftowr, Bridge & School 6% Bonds. 1926. Ufe**» of Gloster, Miss., County of Smite. Water Works & Elec. Light Plar.t & Municipal 6<"-> Bonds, 1927. UtOStluhoma City, ukla-, I-'ublit* Park %*- Bonds, 1934. (MBHaekslono. Va., Sewer, Water & ítre-n 6% Bonds. 1938. 44 Irookhaven, Miss., tiVi"* School fcnds, 1929. m iernalil'o County. New Mexico, Cc lefdg. Bonds, 1931. ¦ : linsvllle, Okla., Elec Light Í: ¦lower 6-"«- Bonds, 1936. ¦Banton, Misa., Sewerago 6Tó Bonds, Jfc'JT. M Edmonton, Alberta, Canada, School I !'- Bonds, 1953. ¦ tmarUlo. Texas, 6U% Funding Bonds, 19<3. H îulfport. Miss.. Street Improvement i-.j*"« Bonds. 1928. M Iraham, Va., Water Works 6% Jond?. 1936. HI 5am«berton, N. C, Water Works & je«*er 5 1-3 ^, Bonds, 1937. M Lumberton, N. C, BV49Í Refunding Bonds, 1937. HE« fio re County. Miss., Bridge D?« ffior.ds, 1932. mpi-dford, Oregon, Water Supply t>"c JBonds, 1938. mjMcunt Airy, N. C, Water Works Elec. Light & Street Improvement br: Bonds, 1933. IKlOk-.ulgee. Okla., Water Bî4 Bond3, 1527. ipfQulncy. F'.a.. Water Works 6?« {Bonds, 1949. WMQurtman County. Miss., County Hosdi 57« Bonds. 1941. HOSapu.pa, Okla., High School Eîi B-jhJs, 1936. MTu;.f5j, Misa, Improvement l>Ko Bonds, 1931. jK Tensas Parish, La.. Court House & Jail CT» Bonds, 1933 to 1943. MEETINGS The làtham & Phénix National Bank THE CITY OF NEW YORK ke annual meeting of the share- bis of the Chatham & Phénix onal Bank of the City of New l for the election of directors transaction of any other busi- Which may be brought before meeting will be held at the Ibf house of said association, itt Broadway, in the Borough IM&hattan, in the City of New k,.«n Tuesday, January 11th, »«ft 12 o'clock noon. BERT L. HASKINS, Vice-Pres. & Cashier. ícrk. Dec. Sth, 1920. 'DIVIDEND NOTICES American Agricultural Chemical Company S>w York. r>«seember 9. 1920. y dividend of or.tj and one-half i*i> on the Preferred Stock of Cflpa.'.y ÍNo. «,:-) has been declared ¦Thriuary 15. 1921, to etockrtolders "rti* the .. of business on Mon- -4L -r 20, :'2'i l*fVi'iy dividend of two prr cnt «»t.-- «"-¦ -a tocfc (Ko. 37 ) ha« MR»-' i paya«,.i In »crip, convrrtl- **£.:-.*'..-.' on r.'r,> s. \t i>a,T. on January .Z \: irtockholder« ut record at th*- L| l*.;.ur,iut on Mouday, Decembor raOXAfl a. non, Treasurer. flf'SPRINQFIELD TIRE CO. ..h.-.'y A'.A'inrvl of on«9 dollar and 2* >\\.'.,<>) p*rr shnra «.*> i.h» Klx *! Pref«rn 1 Btock of this Company bw-lared. p;i/al>l<» Janj-j ry 1, lï^î. p fier» ','. record >i*. the cIom of jWwmhi 11. i'i?.f> i V. etKWÁRT'BVtaBsWAi :>. {-;..-..-.a.ary. net t*c«tt£b*t 7, 1320. Telephone & Teleoraph Co. ! 7wo Oollar» per *h«i'' ¡U tatur<S*7, Jaouary Ifc *>21. t« *' i«-/',fl at th« dCM of * i/.-.f.^./. DtniemixT 20. r<2*). '; L». Afilas;:. Treasurer. ARROW MOTOR CARGO. f4 «.' ' ,- * bju ... ', i- r«d ( a'. 144 .* «j ',' t "o :¦¦ : ' '. i stock ¦ ' fn« ' - ULI v .', IÍ21, to 1",' ' '¦*¦'¦ ' .; '.,-,x': ;t fc«n"ei » '. ;*7 «. ',.:, iDe^rttary. tarn,. WTU r. r,y 7***¿>Hr.y sy.it i O..MANAOKBÍ, ¦>«w^ fcoeU.» «a»«. ?»S^*Í-' ' of :.t» nw,n ^JSSJ^ ' ' M' Í« '¦*'* i>«faT /" ."r '¦ mft- Ü. *SL''- " "rt»n*1vt hy.fi'n. >>o. ?*-«*Srî '¦' '..;.-»../, /ío«'.o;¡. i**«*a'*-/"-' .' *'6«-i at {he «Jo.»» iHHto*,, Bit tottJA. .%22*<!¿i '.I** '"'. .5":«'<-*l or. the t*??** ^«^ ;¦'.'" -.¦-/. p«.y«*)i; ;" 2 i''"'''; ''"¦«." '.< r ií'íi, *-''"¦-< - -, Opíjín. _^ >-. »f tttUdft, mm*Aey at.« 'tis*,su$w. Curb Prices Drop To New Lows With Renewed Pressure Oils Sold Freely and Indus- trials Turn Weak; Cana- dian Selling Sends Inter¬ national Petroleum Down Renewed pressure sent prices to new lew records for the year in many to¬ stonees yesterday and sentiment was decidedly bearish for the time being. Ar, instance of this was seen in Inter¬ national Petroleum, which sold down to 15"\i at one time on continued Cana¬ dian selling. Previously heavy Canadian offerings had been easily absorbed, but this sup¬ port was not so r.oticeabie yesterday, une the final price of 16, although above the lowest, showed a net decline of %. Hercules Paper was alfio depressed bv heavy selling and broke to 15, off 4 ponts, but rallied later to above 16. United Retail Candy yielded fraction- ally. General Asphalt continued in sup- ply and established a new low for the current movement at 37M¡, recovering Ms on the final sale, which showed a net loss of 1%. Simms regained a loss which carried the stock down to 7, closing unchanged at 7^. Maracaibo turned weak and seid down to 15 for a loss of VA. To¬ bacco Products Export and Sweets were aiso easier. Industrials Sales. Open. High. Low. Last. 3700 »Acme Coal... 1 1% 1 1% 200 »Aetna Kxj>... 9% 9% 9% 9% 350 «Air Reduction 41% 41% 40 41% 1"0 »Alumlti Mfg.. 17% 17% 17% 17% 100 »Am Candy. .. G 5 5 6 100 »Am Hawaii S3 40 40 40 40 100 Borde«. 85 S5% 87. 80% 3B0 »Br-Am Chim. 4% 4% 4% 4% 10 0 »llr-Ani T coup 12.» 12% 13% 13% 300 .Car Lt & P.. 2% 2% 2% 2% C00 »ChaKners Mot i 1 1 1 2600 »Chgo Nipple.. 19 19% 15 16 200 »Crude Chem.. 1 1% 1 1% 900 »Kniptro T & S 18% 19 18% 18% 100 *K¡irr«Ml Coal.. 16 16 16 ] «i 47,0 «Cardner Mot. 17 17 17 17 6000 «den Asphalt.. 39% 39% 37% 38 250 »Goldwyn Piet. 4% 4% 4'^ 4% 100 »Hercúlea Pap. 10% 10% 10% 10% 1200 »Hoyden Chem 2% 2% 2% 2% 6000 Indian Packing 4 4 3% 3% 300 »Kay Co Can.. 1% 1% 1 u \ SO »Mfg I.t & lit. 51 51 61 51 FIO «National Mot. 5 6 ô G 4000 No Ain P & P. 4% 4 % 4% 4% 100 «Peerless Mot.. 20'«, 20% 20% 20% 900 Perfection Tire. 1 A 1% 1% i% 17.00 »Badlo Co w I. 2% 2% 2 2% 1700 »do pf w i... 3% 2% 2% 2ïk 10U »K&53 Van H pf. 17, 15 17, 13 î28:?#:yr^PIno 3% J% 3% 3% 100 »Stand Gas pf. 33 33 33 * 37. 6000 »Sweeta Co Am 2% 3% 2% 2% 600 «Swift Inter... 26V4 20'. 26W "Hi" joo «rob Prod Bip t" *?g Í;: 3500 I i. it Prollt Sh. 1« ira [¿? [Ù 1::°';:y A-i at can: g% I" ifc 1% 250 1 S Distribut.. 30 30 30 30 300 ; ¡Ship Corp. 1% ' j\ 3?H 3a°% 380»Wlllya istpf.-. 27% 2?% 26 20% Standard Oils Saîon*A««,. « ^. °Pen. High. Low. Last. ?S.ansJ°"Am 011 18% 18% 18% 18% *0 «.so Penn Oil.. . 343 " f>Ä 40 »Std Oil of N Y . 37 354 V,t BOO »U Tank L pf.. _ *IJ *l¡ 8¡¡ Other Oils 67,00 »fAllied OH... 14 I", 14 ,i J800»Boone Oil.... 3% 1« U^- *U 3500»tBrWyo oil.. il il X2 1 A 4000»Carib Syn.,... 9t* Bö 0 " ** 600 »C S B T Sh.. 3 3 31 <¡i 'a 50a*Cosden & Co. 6 0 "¿ °¿ 3600 »Cushing Pet. % % bj V 1000 »Denny Oil.... 1« ig i]7 ,7? 100 »Do» Oil. ¡i? 8% s5 8$ 2400 »Elk B Pot... 8 8% 7% § * 2300 Engineers P... 117, 11 1 í¿ 1)4 ¦r. »fEsni O C..V' 3-33 % 1 3%5 1000 Federal Oil... 2% 2% 2Ï4 -u 400»Fensland Oil.. 13 13 12% 12% 600 »Glenrock Oil. 2 3% 2 .". 1200»CJuf-G O com. 26% 2«3% 26 26 * 800 »Hudson Oil... % u y. 1: 7000 »Internat Pet. 16% 16<4 13% ig 200 »Invader Oil..185 1S5 ISO ISO 1000 »Lyons Oil.... S % 8% 8 S 3000 »Lyons Pet. 1% 1% U 1« 2S00 «Maracaibo Oil 1C* 16>4 1í,sl 1 í, .-w, 50Ö»Mer O Corp.. 13 12 11% 12 4200 Mexico Oil.... 1 1 % 1 «8 1% 460. »Midwest Kot.146 146 144' 144 2900 «Midwest T... % -P. 1: A 8000 Noble O & G.. »9 Jl % . 600 OO & G (n),. 2% 2% 2% 2% 200 »Pennok Oil... tí G 6 6' 1500 »Prod & Ref.'.. 5% 5% 4% 4¡Vi 2100 »Ked R Oil... % 1 Hl' 2100.»Ryan C w 1.. 14% 11% 13 13 100 «Salt C Prod... 23 28 28 28 200 »Salt C (n).. 10 10% 10 10% C800 »Slmms Bet... 7 >¿ 7% 7 7% 100 Spen PC. 9% 9% 9% 0% 9600 «Texon O «fe L % % F> % 2200 »Victoria OH., i 1 '.;, 1 11 i 200 »Vulcan Qll... % !i % v* 2500 »Woodburn Oil 1% 1% 1 1% Mining 16600 Al-Br Col Met A A % % 200 »Amer Mines.. 1111 8000 »f Atlanta 1 1% 1 1% 2500 »t'Belch D (a i«) 3 3 3 8 3700 »tBolch E (ap) 4 4% 4 4% 4000 Big Ledgo ... A A A % 3000 «tBooth . 3% S% P, 3% 7000 tiJost & Mont. 43 42 40 42 32Q0 »fCaledonia .. 18 3S 17 18 3200 »{Candelaria S .15 15 14 14 2600 »fCashboy ... 6"% 0% 6% 6%| 300 Cons Vlr SIlv. 3% 4 3% 3% 2500 »Cortea Silver. 63 61 63 6 1 16 00 <_'res?on Con O 1% 1'i 1% 1%| 25 00 »Darwin Si 1 ver 2 2 2 3 4200 Dlv Ext (a p) 32 S3 31 31 4IJ0E1 Salvador S. A % A % 300 Emma SUver. 3 3 2 8 15000 »Kur Cr M Co 44 47 43 47 2200 *+Eureka Holly A A A % 5000 »Forty-nine M % % % % l270»tGold Z Dlv. 24 24 22% 23 2700 »+C.oldf Conn.. f,% 6% G 5 7500 »fGoldf Dev, .2 2 1 % 2 3000 »tGreat Bend. 1 1 1 1 4600 »tHarmill DM 20 2." 20 23 7.70 Hecla Mining. 4% 4% 4% 4% 2300 «tJJm Butler.. 17, 16 15 16 2700 tJuiïibo Extetu 6% 5% 5 6 2300 »tKewanas ... 2% 2% 2 2 7600 «tKnox Divídelo 10 9% lo 6000 »Lone Sr C M. 4% 4% 4% 4% 1000 »fMacNam M. A % -ft V* g000 Magma Cop... 19% 19% 17 17 2300 »tMarsh Mng. t-; R 7 7 '¦¦¦ 2800 Nipissing M C 7-% 7% 7 7'¦>¦ 600Ophlr SU M C. % A % A 600 Prince Con ... A A A A 1200 Ray V Cop Co 1 1 1 1 2300 Roper-G M Co A -«l* A A 2700'*t8ilver Pick., 5 6 5 5% 1300 Si croix Sliver % % % % 200 Htar.d SIlv Ld. A A A A 2500 »-triuceess Mg 2 % 2% 2 2% 1700 »Butherld Dlv, 2% 2% 2 2 t.- »Tallapoosa S. A A A A 370 »Ton«. Belmt.. 1% 1% 1-'« 1% 8360 »Tono Divide. 1% ' 1% 1% 1-*«. 680 Tono Exten... 1 '...¦ 1% 1A 1% 3600 »Tono Mng 1-:- 1 'j 1A 1-ik 51250 Untd KuHfrn. 2% 2% 2N 7 ¦¦. i »tVlc« I« (a 1.) 6 6 4% 4% 3600 +VV Bnd Cona. ) 1 H J 1500 +Wh Capa Mg. 6% 6% 6% t% Wilbert Mng.. 2 2 J % 2 27'0'Vuk G Alar... 1% 1% * i *7» Bonds Kales (000 omitted). Üp-n. Hlh'h. Low La«rt. $30»AUt«a Pack 6». r.1% 63 61% 62% l»Alurr.ln Mfir 7*.. 96 96 96 96 20 »An, T^ TO«, .22.. 94% 94% 94% 94% 20 »do ¡««74. 93% 9 .'» 93 93 6S «Anaconda 7a w i 91 91 '->0% 00% I'ARTNKKSIHP NOTICE uve notice thai th«y have formed a limited .,.....,.., ..... m name of Pyn. hon e, Compai >. the : rln< .;.«« pla« e of b islne is r,f ,.....:,, :. to be located In th« County ... - w Vork, f««r the transaction <",' n gem al omn Iwlon and brokerage busl- ., a..-,«.; particularly hut not ex- cttwívely buying, »eiPng ¡.nd dealing n ¿lock», bond« and Othei «ecuidtleii and In íra!'«,. "'!>, cotteo, mmsr and other tner- or - immodltle« tor ".her parties cate and : ". op« ration« and flotation», and 1 : bunlnoM »a »hall b« Incl- '¦';. .... tlvo place« of Mil¬ dern ;,¡ partfjer» are: ;;...... Greenwich, Connecticut, Waller, New Kork.CU r, h*, rs D iruvant, Chicago, Jlllnoli», BenlarnlnO i^tthrop, London, Boglan«!. CHf^M Wucknam. gn»nwfcb. e«in«tlcut, t<«<rv 1 D l> .in. New xorh 'Jty, KÍmÍI in.' Chlc.IJ.Hgnol* j;'.;rM *;,;;., ¦"« r«iW*nce or tb« <VMUI t;*''-;/., B R«hi Greenwich, Connecticut. i'.;';'/'.'! ,. »l : ..«.-r« and »aid »pe- «¡Il Lntvor are oí irutl age, WUliam B. i.'r. "'.'.'i 1 '»'h. partner, ha« contributed , ? , ,%., .;,.....ai» i irty Thoueand Vi --/'M r. I t :.,¦'¦! 1 1 u> the wmawn »toch "r.,;!';í,u¦:,¦;-;::¦.:'-., te t« comm«ic« .¦«. AÍSSU WTW 1« to end Dumber i,'-.',,d TmxtntrKt íth, I'kí" '', /. :. ., .. ' HffortBjidnwn. /..,.,,, Graff, V"'"'7 'li,'¦'."« '' r, ..,, ....^ wmutflK futo. I;« »Ohio O Gas '22.. 94% 94% l'4% 94% 10 »do 7s '23. 93 91 92% 92% 15 *d,> 1925. 92 92 91 91 i«". »Seaboard A L Cs 4«? 4s 45% 4fii¡. 6 »Seara-It 7e (1 yr) 97% 97% 97% 97% .do 7a (2yr).. 94% 94U 94% 94% 15 *do 7a (3yr>.. 94% 94% 94 94% 30 Sinclair 71í,h- 90 90 89% 89% 30 »Solvay &Cle 8b. 99% 99% 99% 99% st JSled 78.. 'J'¿ 99 9S German Infernal Bonds (QuotiMl in dollars jver 1.000 marks) Salea (OOO omitted). Oj)en. High. Low. Last, î 11 »Berlin 4s . 12 12 12 12 26 »German Gvt 4a. 10 jo io jo 70 »Hamburg 4%a.. 13% 13% 12% 13% »Unlisted. i-Sella conta per share. ---.- Treasury Offering Is Oversubscribed By District Banks Applications on Hand When Subscription Books Open Sufficient to Take Quote ; More Interest Is Shown Banks in the Federal Reserve Dis¬ trict of New York are responding to the latest offering of United States Treasury certificates of indebtedness with a(tremendous oversubscription, it was learned yesterday The quota set for this district in the 5500,000,000 offering is $170,000,000. Ap¬ plications on hand when the subscrip¬ tion books opened were sufficient to take up the entire quota. Since then subscriptions have been pouring in stcadiiy, and up to a late hour yester¬ day applications already received called for approximately $300,000,000. It was stated by the bankers that additional subscriptions which will come in be¬ fore the books close are likely to swell the total to well over that figure. Some of the large downtown banks :ave heavily increased their subscrip¬ tions as compared with previous Treas¬ ury certificate offerings. Corporations have eagerly sought to obtain a large share of the offering, and one corpora¬ tion alone put in an application yester¬ day for $2,500,000. A savings bank ap¬ plied for $1,000,000. Indications are that allotments in this district will be on a basis of less than two-thirds of the amount applied for. . Banks are finding the new offering attractive because of the high interest coupon. The issue consists of six- month certificates bearing a 594 rate and one-year certificates bearing a 6 per cent rate. In view of the prospect of easier money next year, the banks look upon the new securities as a good short-term investment. The certificates are available for the payment of Fed¬ eral taxes, so that this has brought in much buying by corporations and indi¬ viduals. » White Motor Intends To Continue Dividends Windsor D. White, president of the White Motor Company, in a letter to stockholders yesterday repudiated the statement to employees recently made by the vice-president in charge of pro¬ duction "that the dividend earned for the first three months of next year and due April 1, as reflected by the opin¬ ion of the executive committee, should be reduced." "The board finds upon investigation," said Mr. White, "that this statement was made by the vice-president with¬ out consultation and without the knowledge of his associate officers or of the executive, committee and be¬ lieves it to be its duty to state to you that no such decision has been reached, but that the contrary is the fact, namely, that it is the great desire and expectation of this company to continue the uninterrupted regularity of its dividends on the present basis. "Its earnings in the past as re lect- ed in its surplus are quite sufficient to make this policy permissible dur¬ ing the ensuing year. The earnings of the company will be determined by the demand for the company's product. Our dividends have been declared at a low rate, considering the earnings of tbe'eompany, with the view to a pol¬ icy of regularity, and the board hopes its policy in this respect can be main¬ tained." Regarding rumors of new financing Mr. White said there is no immediate need for the sale of securities by the company. -,.m.-.. Cost Accounting System Interests Garment Makers The feature of yesterday's opening session of the twentv-fourth femi-an- nual convention of the International Association of Garment Manufacturers at the Waldorf-Astoria was the expla¬ nation of the organization's plans for establishing a cost accounting system and bureau in the industry. The plan has been outlined in these columns previously. The remarks of F. L. Sweetser, of the Dutchess Manufacturing Company,: chairman of the cost accounting com- mittee, ami of W. R. Bassett, of Miller, Franklin Bassett & Co., industrial en-; gineer,s, who are cooperating in the work, were received with marked in¬ terest by the manufacturers. A fur- ther report will be given to-day. The afternoon session was devoted to sectional meetings, as will the ses¬ sion this morning, to be followed by a luncheon, at which Irving Lcnroot, United States Senator i'rmn Wisconsin, will speak on "Confidence and Con¬ tracts." -.. m-.-. Silverware Trade Survey A survey of the .sterling silverware trade, including the manufacturing, re¬ tailing and consuming ends of the in¬ dustry, has been undertaken by the Sterling Silverware Manufacturers' As¬ sociation. The organization has en¬ gaged the research department of the George Batten Company, advertising agency, for the survey. The decision to compilo comprehensive data on all branches of the sterling silverware bus¬ iness grew out of the desire of the manufacturers to establish some plan of cooperative effort to increase the output of sterling silver as well as the turnover by retailers, according to Frederick S. Taggart, secretary. Letvia Bans Luxuries Articles falling in the luxury Class, extending even to silk, velvet and lace un articles made from them, are pro- hibited from importation in Letvia, according to John J. Kalnin, consular agent in this country for the republic. Duty free articles include cereals, rice, sugar, cattle, samples without value, ores, potatoes, horses, ships and sand and stone ballast. Although the two- year-old republic is in a sound con¬ dition, says Mr. Kalnin, economy is nec¬ essary, and this explains the prohibi¬ tion of nil articles that might bo con¬ sidered luturicB. ^___ He^in Grinding New Sugar BAN JUAN, Porto Kleo, Dec. 9.. Mill! of the South Porto Rico Sugar Company started the, IXil grind.,,«. uea- BOn thl« week, being the flrs; on the ¡«land of Porto Rico to begin worlu Investment Information Questions of general interest to in¬ vestors mil be answered in this col¬ umn, in which case only initials will be used. Others will be answered by nail. Add-ess all inquiries, inclos¬ ing a stamped, addressed envelope, te Financial Editor, The Tribune, IS* Nassau Street, New York City. Carolina Tower and Light Question.Will you kindly give me your opinion for investment purpo^s of a rjl.ono 4? t «'".I a4lkin"I'u!lnf'lto Electric Porv.-r ana J.iiïnt Company bond, due 1924 6 i«-«-r »fit. Please give me th<* market value at tho present time..k. v. b. Answer.The earnings of the Caro¬ lina Power and Light Company have shown an increase of late. Your bond, ¡«art of this system, is well secured, in our opinion, and entitled to a good rat¬ ing. The recent market was about 85 to Atlantic Fruit Debentures Question.Last January I bought »4,000 Atlantic Fruit Company 7 per cent flf- k^MK1^0!1 «-1 olionttin; bonds at 97 from kn.iuth. Nachod tí Kühne as a safe invest- ti.ent. it being recommended to me by the above firm as such. At present they are quoted at ,7. Do you think the company s earning tho interest and can pay It in the futur«*, and do you rate It as a safa «Investment for a business man?.F. M. Answer.The Tribune is informed by cue of the firms which floated the At- lantic Fruit Company bonds that for the first nine months of 1920 interest1 charges were earned about three times.1 These figures were not up to estimates because, so it is said, of several rea-. sons. One ship was greatly delayed in delivery to the company, another was badly damaged, and although the latter was insured the use of tho ves-! sel was lost. The company is engaged largely in the fruit business. During the longshoremen's strike in New York some of the ships were held up with cargoes of fruit which could not be moved. This caused considerable loss. At the present time, we are informed, jinterest charges are being earned. There are always such factors to con- tend with in the shipping business. Therefore we do not regard such is- sues as high grade. The firm to whom we spoke regard the bonds as safe, however, and furthermore believe the future to be far brighter for the com- pany. Du Pont Securities Corporation Quest ion*-Please advise me on tho r)u Pont Securities Company, what rleatlon and effect it will have on General Motors stock. "Why was it formed and what kin.', of business does the Uu l'ont Securities Company Intend to «Jo V.E. A. W. Answer.Wo do not know what ef¬ fect the formation of the Du Pont Securities Company will have upon General Motors stock. The former com¬ pany has taken over a block of the latter, which belonged to W. C. Durant, president of General Motors. It may be that the technical position of Gen¬ eral Motors .«4oek is better because there may be less chance of the stock which has been tn'kon over appearing on the market. The Du Pont Securi¬ ties Company is a holding company. The Du Ponts have been closely identi¬ fied with General Motors for some time past. Plans Speculations in '*onds Question.About eight years uro I used $5,500 for stock speculation. At' this date it lias Increased to $15,0.00. llave used standard dividend paying stocks only, railroad and Industrials, of the lalt«-r United States Steel, exclusively; buying in "gloom" and s*-llInj? In "sunshine,'' In¬ side heavy margin. Sometimes i have taken ¡> lass, but the not result has ben satisfactory. Have never dealt in bonds, but at the present time I am Inclined to utilize them. I am offered by a fairly well known bond house first mortgage 6 per cent bonds of the Central Power Corpora¬ tion of Oeorgle, due 1938, and uncallable. Are they sufficiently sound and well iea- Honed to be considerably Influenced tny low money, when it comes? If not, will you please name bunds or a class of bon l;> In« lu r-oiPipt'-il to buy or holil for that l ur- pose? Is it not yet too early to buy high grade, low yielding bonds with borrowpj money for appreciation in value?.I. F. D Answer.The Central Georgia Power Company is part of the Georgia Light, Power and Railways. Its bonds $2,785,- 200, are a first lien on the property, including an up-to-date hydro-electric j plant. The latest figures we have are for 1919. Not earnings were $369 061 and bond and other interest $219.426. This net is not quite one and one- quarter times interest charges. But the margin is ample, in our opinion, to give the bond a good rating. The issue does not, we understand, enjoy a very active market, so that it is lik« ly it would not b so easily affected by changes for the better in the invest- ment market. It is our opinion that the seasoned lifted bonds are better for your purpose. The active railroad is¬ sues such as Atchison adjustment ? per cent, St. Paul general 4 per cent, Cincinnati & Ohio AVz per cent and bonds of that grade, offer in our opin- ion very good opportunities These issues are selling now many points below their prices of a few years a-ro. The discount on their i«*?ucs is con¬ siderable and therefore the chances oi appreciation for the long term bond is greater. Wc cannot, of course, at* tempt to say just when is the time toa purchase bonds. You are viewing the matter from the speculative standpoint. while we only recommend securities be- cause we believe they are well seasoned Would Sell Brooklyn City R. R. at Par Question.I own a certificate for ?10 shan s of the capital stock of the Brooklyn city Railroad, par value ï10 a share. In the papers hero (Johnson City, N. Y.), I can get onlv the quotations for Brooklyn Rapid Transit, Brooklyn Rapid Transit Is In the hands of the receivers. As I under¬ stand it. all the different companies that formed th" Brooklyn Rapid Transit merger have ben separated )>y order «>f the court and are now Individual. What would you suggest? Hold on to these shares of Brooklyn City Railroad, or sell? If sold, how much cash would they bring? If the Brooklyn City Railroad sends mo certifi¬ cate which roads: "210 shares of the capi¬ tal stock ut $10 each," why won't they pay me that amount if offered th«ni? When you answer kindly avoid the use of technl- cal terms as much as posible. If you sug- gesl selling please advise course of pr««-- cedure. Would 1 have any tax to pay, etc.?.H. P. N. . Answer.The Brooklyn City Railroad, formerly leased by the Brooklyn Rapid Transit, is now operated independently, the lease having been broken due to tho inability of the lessee to live up to the terms. The Brooklyn City operates the greater paît of the traction lines in the Borough of Brooklyn. The stock is not listed on the New York Stock Ex¬ change, or on any other exchange. It is dealt in among brokers. Communi¬ cate with any stock brokerage firm ad- vertising in The Tribune and they will give you tho market quotation for the stock. Present quotations are in the neighborhood of $3.50a share, par value $10. The Tribune cannot give advice about buying and selling speculative stocks. \Ve can tell you, however, that it is likely, in our opinion, that the unfavorable features of tho traction situation in Brooklyn have been largely discounted by tho low prices of the se¬ curities. If you sell your stocks at $3 a shure you would obtain $030. When you hold a certificate of stock in a corpora¬ tion you are. part owner of that cor¬ poration. The Brooklyn City Railroad Company operates the property. It has nothing to do with the stock, other than to transfer it, etc. If «you formed a corporation and sold stock to the public at par, you would not feel obli¬ gated to buy it back at par if the.price went down to $3 a share. If you sold your stock you would pay a Federal and a state tax of two cents each for each $100 of par value. In this case the tnx on 210 shnres at $10 per value would be 84 cent!«. Four full columns of in¬ vestment questions and an¬ swers are published in The Tribune every Sunday. Business News Garment Manufacturers Fail To Discuss Trade at Meeting Do Little in Effort Toward Rehabilitation and Sugges¬ tion of Remedies; Delay Ordering Raw Material Little constructive effort toward bringing about a rehabilitation of busi¬ ness is being taken by the average in¬ dividual producer of goods, if senti¬ ments expressed by members of the in¬ ternational Association of Garment Manufacturers are a fair sample of the mental slant that obtains in industrial circles to-day. The manufacturers, at their conven¬ tion yesterday, failed to take advantage of an opportunity to discuss the present! state of business or to suggest reme- dies for its improvement. Private ques- tioning of several members of the as- sociation revealed a striking similarity in mental attitude. Broadly speaking, they are waiting for something to turn up, hoping that business will be better after the first of the year, confident that the purchasing power of the coun- try has not increased to any appreci- able extent, but still skeptical of pres¬ ent price levels. Óf more than a half donen leading! manufacturera of work clothing, house dresses, children's apparel, etc., not one has placed orders for anything like his normal requirements of raw materials. They all declared that they would not bo ready to buy these materials until they had-a larger volume of orders for finished goods on their books than they have at present. The element of un¬ certainty as to the ability of present prices for cotton goods and other ma¬ terials to hold to present figures also was given as a reason for delaying pur¬ chases. Strenuous efforts are being made to establish a uniform cost accounting system in the association, to prevent some of the "unintelligent" competi¬ tion that is now said to be resulting in the sale of goods below actual cost of production. Prices for garments produced by the manufacturers are still in a state of flux. "Our firm is ready to meet the prices set by any of our competitors," one man said. "We are selling goods at a loss, but hope that demand will lead to higher prices soon," remarked another. Most of the manufacturers firmly be¬ lieve that present price levels are lower than those that will prevail a few months hence if a demand for goods reasserts itself. Commercial Credit Lifting of bank pressure, is reported by business men from the Middle West. Comparing their experiences in at¬ tempting to borrow new funds, with those of Eastern business men, it ap¬ pears that the situation in the Middle West is decidedly easier. Some of the men feport having been offered accom¬ modations at 6 per cent. Local money rate.- were unchanged yesterday at 7% and 8 per cent, the former rate obtaining for well known rhort term paper, which is coining into the market in greater proportion *han long term notes, ac:o,ding to brokers. Bankers' acceptance rates quoted yes¬ terday by the American Acceptance Council were: Xon-Mem- Memher Banks. her Banks. Buy. Sell. Buy. Sell. 0 days. il s 6 6% (!'» CO days. 6Vi 6% 6% 6% 90 days. 6% dhi G->i GMt WatcIil^"Tr^l7 Has Banner Year The watch case industry has experi¬ enced a banner year, business trans¬ acted having been unprecedented, in the opinipn of the leading manufacturers. Manufacturera of cheaper grades of watch cases report that their business has exceeded that of the preceding year, and, although the usual dull pe¬ riod has arrived they anticipate a fair revival of trading early in the new e ir. A manufacturer who deals only in high grade gold watch cases asserted that there was a scarcity in his line, and, in hi opinion, judging from the amount of unfilled orders, the situa¬ tion would at least continuo for an¬ other year. Gold-filled and medium grade \tatch ease manufacturers also report lira'.!!...] orders on hand and cx- ed the belief that more orders mi ,« t have been received but for the hortagu of Skilled watchmakers, which has retarded the production of good watches. deduction ih the price of high grade watch cases is hardly probable for some time, it was said. Manufacturers contend that the advance in the price of their product has been small in comparison with the price advances in other commodities, and that the cause for the increase was the high cost oi labor. » American Co-operation Urged In Aiding Europe's Recovery Both the French and Belgians have overestimated their capacity for re¬ habilitating their industries, in the opinion of Trade Commissioner Charles P. Wood, who has just prepared a re¬ port on industrial machinery in these two countries for the Bureau of For¬ eign and Domestic Commerce. "American cooperation," he says, "applied to the reconstitution of essen¬ tial producing industries would provide a considerable market for American in¬ dustrial machinery and at the same time would insure raw materials and moro work for European machinery factories. More needs to be done to gain the confidence of European in¬ dustrialists." .-m Wholesale Purchases Drop Sharply Below Last Year Wholesale purchases for the country as a whole this week, as reported by the Credit Clearing House, dropped 1.» per cent below those of a week ago, 10.2 be¬ low those of the same week last year, and 3.7 per cent below those of 1918 in the corresponding week. Indebtedness was 1.2 per cent less than last, week but 5 per cent ahead of last year and 4.9 per cent ahead of two yeais iigo. Payments improved over the week be¬ fore to tho extent of 1.2 per cent, but were under a year ago by 10.4 per cent, and also were 1.9 per cent less than two years ago. The north, agricultural and the east¬ ern sections wete the only divisions of the country to show any increase in purchases. In both cases the increases were slight. ._-» - Raw Silk Prices Still Show Much Irregularity Prices of raw silk, according to the weekly market report by IL. L. Gwalter & Co.. are still depressed and showing considerable irregularity as a conse- duence of the weakness of certain Jap¬ anese holders who temporarily are un¬ derselling the Imperial Syndicate. The syndicate earlv in the week, cables raid, purchase«! from 6,000 to 7,000 bales on the basis of 1,500 yen per bale for Sinshiu No. 1. Distressed stocks are still a factor in the local market, the report adds., The decline of silver exchange has brought, about a downward revision of Shanghai and Canton silks during tho wefck. Stresses Necessity Of Business Honor An honest regard for obliga¬ tions is the most vital principle affectinc: American business to¬ day, Jacob W. Mack, of the Rauh «Si, Mack Shirt Company and president of the International Garment Manufacturers Associa¬ tion, told that organization yes¬ terday at the opening of its con¬ vention. "A contract entered into in good faith," he said, "must not be canceled by either party, but must be fulfilled regardless of what loss that action entails. It is not a monetary but a moral is¬ sue, and the sooner that idea is recognized and observed by ail of us, the sooner you will find orders will be placed and contracts en¬ tered into more cautiously, more intelligently and with a feeling of complete safety." Speaking of the general situa¬ tion, Mr. Mack said: "This is no time for fear or panic.this is rather a time for caution and con¬ fidence." Receivers for Two Firms Emerson Phonograph and Cut¬ ler Bros. Taken Over Two large commercial concerns yes¬ terday were placed in the hands of re¬ ceivers. Jacob Scholer and Thomas II. Matters jr. were appointed receivers in equity for tire Emerson Phonograph Company, Inc., under a joint bond of $25,000. The complainant in the suit resulting in the receivership was Mary S. Johnson, claiming ?1G,GS0 due for ad¬ vertising and printing services. The assets of the company are estimated at $1,200,000 and liabilities at about $1,000,000. The bill of comnlaint said that creditors were pressing their claim and los wa likely utaess the company was taken over by receivers. Th.- gmerson Phonograph Company of Delaware, a creditor of the defendant company to the extent of .$7.-90,000, jo ned in ; íe request for a receiver. Cutler Brothers, dealers in rubber goods, 271 Broadway, also were placed in the hands of rece «vers. Judge Knox appointed Finar Christie, Arthur E. Winter and Marry B. Boyce as re¬ ceivers, and directed them to continue tho business for the benefit of cred¬ itors. The suit was based on a claim of $7.850 by the John Wahl Commission Company, St. Louis. Business Troubles Petitions in Bankruptcy The following petitions In -bankruptcy were (lied yesterday in tho United Statesl District Court: JACOB là LEVY.An Involuntary peti¬ tion against Jacob 15 Levy. 55 Grand Street, ou behalf of Herman Moster, who claims $1,000. Liabilities are given as $50,000, and assets ¡is $1,000. NATIONAL WAIST Ml'«;. CO..An In¬ voluntary petition against Louis Mirman doing .business as th.* National Waist Mfg. Co., 158 West Twenty-seventh Street, on behalE of three creditors. Tho petitioning creditors and amounts claimed are: C. Grosshandler, $500; S. A. Malbaum, $0S; s. I. I ii.ii.-ky, ¿l.noo. K AI.i'U M AN' BROS..An Involuntary petition against Jacob and Max Kalchman, trading as Kalchman Bros., clothing, 123 Stnnton Street, on behalf of !.. Saff, who claimed $1,205. EDWARD POPPE CO. (Ginsberg Bros.) .An Involuntary petition against Isklor and Nathan Ginsberg, trading a.s Ed'ward Poppe «5... Ginsberg Bros., wholesale grocers, ran West Thirteenth Street, on behalf of three creditors. Liabilities are given as $«35.000, and ansct.s as $30,000. The petitioning creditors ata! amo«jnts claimed are: Samuel Zacharin, $87; R. C, Williams S: Co., $103; «Jharlcs S. Rich, $i,ooo. BLACK CAT MAGAZINE. INC..An In¬ voluntary petition against the Black Cat Magazine, Inc., at 2r:0 West Twenty-eighth SI :« et, an behalf of th- Perkins-« Co., of 33 Wi *t Forty-second Street, which «.¡aims $5,000. FANNY L. FOX.A voluntary petition- by Fanny !.. Fox, saleslady, 451 Brist Fifty-second Streit, who places her lia¬ bilities at $3,623, All unsecured claims. STROUDSBURG RIBBON MILLS, IXC. .An involuntary petition against the Stroudsburg Ribbon Mills. Inc., a Penn¬ sylvania corporation, with offices at 55 Grand Street, in behalt of three creditors. Liabilities are given as $100,000 and assets as $25,000. Tha petitioning creditors and amounts claimed are: C. Grosshandler, %90 L. Brodsky, $107 : David W. Kahn, .7500. Schedules in Bankruptcy .*¦ The f< »wing schedules In bankruptcy I were filed in the United States District Court yesterday ARROW BRAND WAIST COMPANY. The .'. il a of Max Sender and Morris Bernstein trading as the Arrow Brand Waist Com' iny, against whom a petition was filod July 15, 1920, «how liabilities of $3 ,425, which $29,571 a« ans. cur« -I claims and $2.852 notes and bills, and as- sets :t down ¦« ¦>'«¦¦ n AARON & DODNICK -The schedules of 'Sam«i«*l Aaron. Jacob Dodnick and Frank I Baakan, trading as Aaron &. Dodnlck, cloaks and .suits, IS Fast Sixteenth Street, 'show liabilities of $17,5-14, at which $16,889 .-H',. nns"i'Urei! a: ¦; and asa 's of $6,622, of which $1.000 Is debts du-* on op.-n ac- counts; 31.050 machinery, tools, etc., and $S00 stock In trade. ' GRUBMAN & KTSMAX.The* schedules of Morris Grubman and Joseph Elsman, trailing as Grubman & Elsman, silks and woolens, 2G East Twentl« th Street, show liabilities of $14.725. of which $37.51 are ecured claims, and $5 369 accommo na¬ tion paper; and assets of $22,176, of which $¡r:.->:2 Is debts due on open accounts, JJ.Oli) sto«*k in trade, $*.;>r« money deposited In batik and $5,555 bills, promissory notes and s icuritles. Assignments I.on.-i MIRMAN. tra'ing as National Waist Manufacturing Company, shirt waist manufacturer, 158 West Twenty-seventh Sir« -;. has assigned for th.* benefit of cred- iLor** m Julius Fis ¡a r, 35 Nassau Street. JOE GROSS, F.CKIE ETTINGER and BENJAMIN CHMELNITZKY, trading as; St. Rivera Lunch Company and Staub's Restaurants and Lunch Rooms, 57 Cooper Square, Manhattan, an-! 109 Commerce Street, Brooklyn, yesterday assigned for the benefit ««r creditors !¦> Nat Y. Rothenberg. ISIDORE GINSBERG am! NATHAN GINSBERG, trad! .,- as Edward Poppe Company and Ginsberg Bros., wholesale r-rii's 7 :« '.'.'¦ T Irteenl h Street, as¬ signed far the benefit of creditors tu Ja ab J. !.. ¿«ser. HARRY GREENBERG, retail hardware and housefurnishings, 5 40 Brook Avenue, as- gned for thu benefit of creditors to Ed¬ ward Heyman. SAMUEL LITTMAN. trading as Llttman Novelty House, retail cloaks and suits, 50 Avenue A, has assigned fur tho benefit of creditors to Lfjuis Sherov. Judgment«* Filed In New York County The following judgments were filed yes- terday the lirst name being that uf the ««te ir: Abbott, Chas A.Hayes & Miller '.i, lar* . $145.20 Ajax Auto ^' Aero Sheet & Mel i! Co Ino.Dallas Brass a* Copper ('«>. 1,742.05 7: W I> Realty Co.C Alien. 615.20 Bodek, Harry and Philip (If Bo- ili-k «£. Bro)".Max Sachar and Max Sherman (Sacher .*.- Sher¬ man). Commercial Exchange . 1.049:7.1 Sam« Sama . 1,934.71 Balmr Albert 17.i'liniun Trading Corp. 120.8» Bcvcridgo, Alven.B* Z Arglis.... 1,082,68 lickman, Isidore.Tock Screw Machine Products Corp. 1.09 «a»! rink, Warren K.H H Hlekok.. 122.4a ¡ right Crip Co (Hyman Goodsteln, Benjamin Newman. Abraham Schwarte and Jacob Dinner) L Goldmiuz . 253.90 our.trv Products Corp.Ameri¬ can Cocoanut Putter Co. 1,669.01; a- >n Hadley T.W F Faat».. 143.00 "richlow, Wm P.T A Sheppard. 145.41 . W Headley & Co, Inc.-H 3 Pate et al. 727.51? arson. Jas."Weber & Hellbron- er . 176.1S ava. Philip or Phil, and John. B Cristanlello..-¦ ¦. °*?-22 o.'.po, Wendel P.A Leftw.lch.. i<5.;>« emberg, Carl, an 1 Sylvan Dern- b~rg (Carl Dernberg & Son) Prank Martin Lasker Co; costa 133.S3 eutsch, David.Commercial Ex- change Bank . 3C3.T2 ambacher, Julius . Chromos Chen n Co, Inc . 6'5SÜ-4," evlin, Edw. Clinton Trading Uj.40 Ehrenreich, I.eo.Juno Waist Co, ,.»¦,= E! M-ir Commercial Co, Inc B Sirs'-...;.-.. r et al . ..510.10 Frank. Morrla J.John A Miner's .._... Garage. Inc .'. 11..Do Fallón, Thomas ,G.Holcomb & . Kohe Mfg Co.,-.. ^Jl'J, p0v Ravi: n ! J.Montray Corpn. 404.2. Giuñta, Anthony--3 Burke. 1,133.40 Gullfoyle, Edwin C. adr.-i--Err.l- tn .striai Savings Bank.. 6.916.03 Ginsberg. Morris H.D Bernstein 1.099.76 .; .-... John. W M Pon; costa... *".?* Gray James A.M Bcker. oL.Ij Garewitz Samuel.Sibley Pitman ... ' Electric Corpn ... , ».;.?? Ginsberg, Morris H.D Bernstein 1,099.76 Gustafson, Hannan.C B Lester ,,t a[ . 103.75 ,;.. ord'Co.FG Booth. 219.42 Sam...1 B Crane. 190.0« G tdberg, Emll, and National .,..' Surety Co.People, etc. oOO.OO Hin I, Ralph, & Co.Hoffman Steel Co . 4,951.70, Holtaman, Nathan.Weiss & Klaw Co Inc . 102... lia-/..,. Gregory, and Albert Cam- panale.People, etc.. . 3000« Kiss Prank.Harper & Bros. 2o3.ll Knowles, Charles A Greater Cities Inventing Co. ..69.21 Kuhn. Jortn J.N W*Ison. 1,649.53 Landl, Almo.Title Guarantee «fc Trust Co. H3.90 Langdon, Pau! D.J S England.. 11,002.7* T.ongdon & Longheim Co.. l5í-?5 Behr Peter T.F Fellmoth Jr... 136.50 McLemore, E H.P A Crane- 658.30 M« ssenger Pub Co Inc.V R Saly. 1.022.41 Miller, Albert R.Alexander Ham 111 m Institute . 134.90 romery, Edward H.AJex- ander Hamilton Institute. 133.62 Murtha James, adm.S Mathls.. 288.00 Morsdall Realty Corpn.J B Rosen 2.210-97 M McTighe Co, Inc.J Sterckler 205.4b Moses Furniture Exchange.V 8 Cabinet Bed Co. ?!H£ McDonald. Donald C.M D Almon IS..20 Mltlltsky, Saml E. and Wm Left. 11.-as Building Co. ..uO.-O Northern Underwriting Agency. C l« Halpenn. 5,'i'., Pope Hobt A- E Ottelengul- 3b«.,0 Powers, Jesse W 2d.B W Row-, ers; costs ...¦... 12.-«9 Pooter M-'««-. T. or Haney rable- porter.H jackerson. 298.5j Phono Motor Mfg Co . D S a- ck el al. 664.8S Packers Box Co, Inc.U S States Casualty Co . 163.92 Pense, Ernest M.John F Cuneo ,¦ ,. .. 1.086.73 Rai.- Samo . î*o|n"S2 Sama . Hlïli .. samo. ^"S-SS Same-^-Sama . 1,112. «o Rappaport, Samuel, and David Diamond- C Dernbcrg et al.... 1,575.4«) R« Ins m Chas l.- T Lee . 1,645.98 Ryneck, Daniel, and Ja«-ob Breger .Chemical Ml Bank. 1,542.24 S A Jacobson «fc Co, Ine.Bar- rett Co . 2.401.60 Siegel, Jacob.C Tarne et al. 551.80 Serritolli, Daniel, and Now Am¬ sterdam Casualty Co.People, 2,000.00 Bummer, Sam, or Sam Sohmer. G Laub . 173.15 Standard Auto Delivery, Inc Travel' rs Ins Co.- 312.5i> Smith, Vetta. and Bernard Barth People, etc . 300.00 Sheehan. Timothy G.S W Eskin 575.61 Teneo Co, Inc.Cuyler Realty Co 485.95 Taylor, Geo C.M Schussler. 481.70 Taylor, Edwin F.Bank of Italy. 9,756.20 Vetter, Daniel, and New Amster¬ dam Casualty Co.People, etc.. 2,500.00 Wolf, Charles and Meyer J iw'olf Bros).B Rosenbaum... 164.41 Wishinsky, Jacob and Morris.Y Zeltlln. 4,022.16 In Bronx Counly The first name la that of the debtor. Abramowltz Da-, id. and Israel Goldberg-^M. Davidson. $65.30 Consum rs' Co-operative Corp.. W. Steuer. 104.72 Greene, Joint.. Italia-America So- ,a, ty -. 30.20 Goldsmith, Isidore.B. Meisler... 2,106.35 Kastengren, William A..Spencer Turbine Co. 648.90 Llata & Co., Inc..-Sugar Products ' .Co. 4,188.37 Mendlowitz, Isaa«.-A. Rosenbaum 123,70 Midwoo'd Building Corp., Louis «laid .<¦ William E. Greyble. N. Harris. 2.300.26 Nelson, Han .Atlantic Paint Co.. C1.64 Rubin, Nathan.N. Grossman et al 331.72 Rotberg, Morris.D. Pfeiffer. 174.16 Reliable Skirt Co., Harry Remis & Ityman Kourclk.H. Samson.. 895.20 Splegelberger, 'William.A. Cube!, Inc. 550.44 Wainshell, Harry.I. <fc C. Shoo Co., Inc. 277.22 Saíi¡»íied Judgments In New York County The first, name is that of the debtor, tho second that of the creditor and date when judgment was filed: N. V. Municipal Ry. Corp..Post & Mi'Cord, Inc.; Nov. 24, 1920 $166.06 American Tooth Mfg. Co.. Inc.. .1. G, Abramson; Oct. 23, 1&20 470.24 Dickson, Alexander and William- Lenox Sand <fe Gravel Co.; Mar. 11, 1920 . 182.26 Toorn« v. ¦' irneilus P..G. F. Sain- F.b. 17, 1913 . 112.15 Kanar. Sam.S. L,. Brück et a¡; July 21). 1910 . 129.03 Sah'.ano, Raffael and Katie D.. Papantonio; May 22. 1911.. 104.72 Sa. a ¡a STetta, and Bernard Barth Peo'pl &c. Dec. 9, 1920. 300.00 N Y. Municipal Ry. Corp..Post & McCord, Inc.; April 11, 1919 433.25 Martin, John F..Carnegie Trust Jan. 15, PUS.;. 1,013.60 Manhattan Motora Corp..W. Schumacher; Juno 17, 1920.. 1,570.10 Pittsburgli & Allegheny Coal Co. .Mundial Trading Co., Inc.; July 3, 1920. 2,021.79 Hagerby Motor Trucking Co., Inc. -I). Spellacy; March 2, 1920.. 8,725.56 Rothsteln, Abraham, and Jos- ph Wolf.U. S. Trust Co. of N Y Dec 23, 1313 (canceled) 8,578.97 Sam« .W. M. Keck; July 19, .¡r, (canceled) . 12,679.35 Same.M ¡'lei; Dec. 24, 1912 (can¬ celed) . 6,373.64 jo m, Llppman .V Fidelity & Deposit Co. of Maryland Peo¬ ple &c; Oct. 1, 1920 (canceled) 1,000.00 Hagerty Motor Trucking Co., Inc. D. Spellacy et al; Nov. 27, 1920 . 107.70, Poland Export Corp. .W. Stein¬ berg; N «v. 19, 1920. 145.72 Her, Max. and Henry Kraus Wyler Construction Co.; Juno 4, jan . 161.91 Fax, Frederick I'.. James C. Fox. and Z.dian Friedman.E. W. Browning; July 25. 1918. 3,393.58 In Bronx County Goldsmith Isidore.B. Melsle; Dec. 9. 1920. $2,106.35 Lipshibz, Solomon.P. Weisberg- er; July 10, 1920 . 485.72 Poland Export Corp..W. Stein¬ berg; Nov. 5, 1320 . 145.72 -..-« ..- Buyers Arrived Fairchild Service ATLANTA.J. M. High Co., A. Kahanah. trimmings, woolens, silks, etc.; 116 Wes: Thirty-second Street. ATLANTA .National Straw Hnt Worb: «¦ \ -¦. .;; .j hat mfgs i Pennsylvania. BALTIMORE.Stewart & Co.; T. L. Shan- .n's f ntshings; Ml*s A. E. Dischinger, corsets; 2 West Thirty-sev- .,, J] ---at. BALTIMORE.A. R. Frey, dry good», etc.; i ., .; A .« n«-. BALTIJ RE.L. FrtK-U nthal tt Son; C. Pr «¦¦¦!. a- hal, trimmings. BALTIMORE.Fvldman Bros.; L. Feld- man knit Hosiery, underwear, dry goods: BALTIMORE.M. Stein & Co.; M. Stein. BUYERS' WANTS OFFERINGS TO BUYERS aie per line. I urn» isr per line. 3 time» i$c per line. I timta OFFERINGS TO BUYERS ARMY an 1 Navy ehije supplies for im- late delivery on floor; West Point officerB1 ««hoes, $3.85; men's and ladles' khaki slippers. $1; army dress shoes, No, 800, $4. Handltruan Sho«j Co., Inc., 92 Duane at. ARMY GOODM Stores.100,000 pairs ü. B. Army hip rubber hoots, sizes 8-12, in 6-caao lots or more. $3 a pair. Chas. Rose, 385 Bridge st., Brooklyn. Kevins 2853. HATS.Angpra toques and tain o' shanters In brushed worsted, earners hair and al- paca; .500 dosen best qualities; lowest prices, in i wonderful variety of colorings; a timely opportunity for baaemoat buyer«. '«'¦in a.wan Co., 11 East 31st st. Longacre 1023. BALTIMORE . T\ Hainberger. clothing, etc.: Philadelphia. BIRMINGHAM.Lu Levy, hosiery, shirts: Pennsylvania. BOSTON--.'ortlan. Marsh Co.; C. H Hurd. women's hosiery and knit underwear; 4 2 Fourth Av»p'ip. BOSTON.J. Crys!?r. men's furnishings; Grand, BOSTON.Pierce.Bilür.gs, Inc.; C. ¿"lerce, men's clothing Bn slln, BOSTON.Samuel C a Co.: S. Cohen. men's furnishings: Breslin, BOSTON.Har.ov- r Furniture Co.: H. Co¬ hen furniture, Boor coverings; Breslin. B« S rON.B. Rosvii, art novelties; Pennsyl¬ vania. BRISTOL. Va..T.. W. King Co; C. J. Kin:, piece g6orîs; 256 Church Street. BUFFALO.William Hengerer Co.; Miss Ja kson, mttslln underwear and negli¬ gees: Mrs. F. P. Wright, corsets. 2 W( Bt "' -, -seveft) h s* reet. BUTTE. Mont..Syniona Pry Good« Co.: Harry Symcns ladles' suits, coats and d reaseo ! 1*1 Fifth Avenue. CH «:'. ïi'. ?. i5 . P. Kurd, dry «roods, etc.; Pennsylvania. CHl' AC«1 --¦ harl« «« A. Steven» * Bn«. : Mrs. B. H. Collins, dresses; 40 East Twi nty-second street. C7' *i".\'«.0 l.ritner Bid*. Stère; M. JI. Fran'.-, ..lr«'ïs.'a. 11*72 Broad-fray. "CHICAGO.B. Stng«:. men's furnishings; Pi nnsytvanla. CHICAGO.Goshen Shirt Co.; L. Silver. man. representing: lierai«! Square. CHICAGO.C. Schuller. hat»; liresllu. CINCINNATI.MabU y & Carew Co.; M. Frank, men's clothing. CINCINNATI S. Bahcafch, furnlsbinf goods; Pennsylvania. CLEVELAND.Miller rioak Co.; 8. Miller, coats nuits; Flanders. CLEVELAND.The May Co.» A. M. Man. ! .'¦ er. 57 West Twenty-SftCn str-et. COLUMBUS, Ohio.Doyle Shop; Mías O. !. ... women's ready to wear i 277 Fifth Avenue. DALLAS. Tex. HlRgenbothun« - Bailey - Logan; .1. S. Mei'arty, spring Une of hUitsr 7.55 Brcartwav. DALLAS. Tex R.ios-Freedman-Shayn Fo .lake Roos, laues' ready lo wear; 1* Wast Twenty-seventh Street; S. M»f< us & Rothschild. DALLAS, .Te*;.. Kris & Rose; N. Kri.i, dresses, coats and suits, waists-; Pennsyl¬ vania DARBY, Pa.D. Phuman. toilet articles, phonographs; Grand. DETROIT -J. L. Huilson Co.; Miss Con- I'ver, assistant coats and suns: Mis» Scollin, assistant suits: 226 Fifth Avenue. DETROIT.D. & W. Shop; W. Williams. women's ready to wear, children's wear; Navarre, , DULUTH, Minn..Rorbach-Bruen Co.: S. C. Rorbach, men's furnishings (wbolo« sal** Pennsylvania DULUTH, Minn..Bruen's Apparel Shppt W. 1!. Bruen, women's apparel; Penn¬ sylvania HARTFORD, Conn..Sage, Allen & Co.J «7. F. Kuebler. silks; Miss K. Rice, rib- bens; t««4 Fourth Avenue. JACKSON, Mich..The L. H. Field «'".f Miss M, Sin« «. coats, .suits, millinery, fas; F. F. Ingrain, inillni'*ry. lINNEAPOLIS -The Dayton Tinto Co.J merchandise; MINNEAPOLIS -The Dayton «"o.: Mir* Smith, coats and wraps; 22J l-'ifth A«.e- nu«. MINNEAPOLIS Minneapolis Dry Goods Co ; A. D. Bernard, silks, dress goods, linens; 4 52 Fourth Avenue. MONTREAL.-J. Sllversteln, house fur- nishlngs; Herald Square. NEW HAVEN.L. Eck, woolens; Tark A* anuo, NEW T'AVHN..T. II. Statin, woolens, «Ot« ton piece goods; Park Avenu«-. NEW LONDON, Conn. Abrams Co.; 3. Abrams, general line; Imperial. NEWARK, Ohio- Jlcv. r-I.uaiuif Co..; C. H. O. Meyer, ladles' read> la v.« ar; 1570 Broadway, NORFOLK, Va..L. Jaffe, notions;' Pcr.n. sylvania. OMAHA.Byrne A namroer Dry¿ Goods Co.; M. A. Roecker, men's and lades' neckwear, embroideries and ribbons, handkerchiefs: 43 Leonard Street. OMAHA- Ilérzberg Bros.; A. Herzberg, manager; 1270 Broadway. PHILADELPHIA.William William I'into, general York. PHILADELPHIA.J. Biggins, furnishing goods: Imperial. PHILADELPHIA.M. Gross & Co.; M. Gross, woe!« us; lis:'. Broadway. PHILADELPHIA- \«.ai«.- & Co.; It. Sulz- bacher; coats, suits; Pennsylvania. PHILADELPHIA -J. Miller, Sons & Co.J C. iv. Miller, furnishings; A. H. Miller, woolens; S. Miller, 200 l-'ifth Avenue. PHILADELPHIA- O. I. Eckle. furnish¬ ings, leather goods; Herald Square. PHILADELPHIA.J. F. Frlde. produosj Grand. PHILADELPHIA.M. Frank * Co.; M. Frank, woolens, cotton piece goods, silks; 1182 Broadway. PHILADELPHIA -National KM Clothes Co.; Allen L. Greenberg, boys' clothing; .. nnsyl «.« nla. PITTSBURGH.Frank & Seder; E. Frank, jabs of georgette, trlcolette, crepe «!<¦< ¡.-him« wals's. muslin underwear for basement: Oscar Abel, 1« West Thirty- six'h Street. PITTSBURGH.Boggs & Buhl C«.; W. Gold, domestics, white good* «uid lit?- Inge; 114a Broadway. PITTSBURGH.Frank & Seder; E. Trank, waists, corsets, etc.; 16 West Thirty, sixth Street. PITTSBURGH.Feldman, Arnon A. Co.; M. Feldman, fluor coverings; Pennsyl¬ vania PITTSBURGH.The Roscnbaum Co.; Miss F. Llpslch, dresses; Alfred Fantl, 110 West Thirty-second Street. PORTLAND, «ar.. Weinstein Bros. ; A. Weinstein, spring dresses; ID East Twenty-sixth Street. PROVIDENCE.P. A. Merriam, wall paper. RICHMOND, Va..Wilkinson, Williams &¡ Reed Co.; ('. <". Reed, piece goods; 25* Church Str.-. t. ROCHESTER, N. Y..B. Forman & Co.; Miss l'ulhaire, suits and coat;, 255 Fifth Avenue. ROCHESTER, N. Y..Stbley, Lindsay «. Kerr Co.; R. W. Butler, laceä and '.'.om¬ en's neckwear 432 Fourth Avertue, ROCHESTER -Slbley, Lindsay & Curr: 8. Taylor, woolens, silks; Í32 Fourth Ave¬ nue. ROCHESTER.Duffy-Powers Co.; W. J. Stewart, cotton piece goods; 157'. 1 Broad¬ way. PAN ANTONIO, Ter..A. B. Frank Co.; A. Siegel, knit goods; J. B. Donovan and I! Ma«'-, pi ce g.Is; 43 Leonard Street. ST. Lut!:-- Ely & Walker Dry Goods Co.; Miss I. Johnson, Infants' wear; B. II. Warner, gloves; 56 Worth Street. ST. LOUIS.Scruggs, Vandervorl & Bar¬ ney Co.; P. Helblg, furs; 225 Fifth Avenue. ST. LOUIS.P'ir. Bar & Fuller Dry Good» <7r>.; M. Stelnfcld, furs and fur trimmed hats; 1107 Broadway. ST. LOUIS.Goldman Dry/Goods Co.; S. Goldman, dry goods: Pennsylvania. ST. LOUIS.-Mlltord Garmept Co.; W. M. Sternberg, women's ready.to wear; 1133 Broad way. ST. LOUIS.J. M. Flshman. «Winery, fur- nishings; ip nnsylvanla. ST. RAUL Kleid Schlick Co.; A. Sudor, white good* aal linens; 1164 Broadway. TRENTON, N. J..10. S. Josephson, shoes;- Pennsylva nla. WASHING ON.Palais Royal; C. F. Wai - n>-r, gloyi-s, handkerchiefs, underwear, leather a* ... bags, Bilks, umbrellas'; 57 W sixth Stre t. WASHINGTON.Woodward * Lathrop; H. A, Leef, coats, Bults, skirts; 554 Fourth ¦=ÎLl:rCambnïgf== 60 West G&.û Street Near Central Park The latest fireproof apartment Hotel i'j«; completed now open Suites of 2 rocms or more on a yearly lease unfurnished Spacious Closets. SrFfcKIOK KE.STAtRAXT. Also Doctor Suite, 3 room». main floor. Under sata.e management Hoi«) «Langdon, 6th Av 4 5Cth St ..-K. H. CHATI LLQ5-,- f:mm ftilg %nn Forest Hi! s Gardens, L. I. 15 Minutes (actual ru-r.inn tirnc) From Pennsylvania Station /.era: hi n¿ R R Electric Trains ,.. lore tiran '80 a-iiru dully. lr .' ¦. :. el .., Irin fer Its " '. a II ty F. J. HAWLEY, Mgr. Ti-1 CD'i on,- U-t.«; vard 6590 HOTEL Pew mmmt Central Park West at «55th St. Suites of 1, 2 and 3 Rooms Furnished and Unfurnisned Restaurant a la Carte WM, F INGOLD. Manager. Bafirt Gruí for Ladle» & Cesti SPECIAL DINNER $1 Bervr«! Daily 8 to 9 ¦¦i After-Theatre SupP,r, $1.21 'S « "lombas < Irrlr and r.ttb

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Page 1: Chronicling America*L^t*^0«-

*L^t*^0«-<vM .- A*uct loncer*

ff^J^fn. MÍ'l.i.KK '.<. SON,^HWfcoKMBKU 10." 1920.«M1*?«.» ''^ «. «« the

MES

,"1^77«t. MI't.I.KR & SON.'$5 William «-.t.,

BOEMBKU 10.Jp7*i>S« o'clock, «t theJAtiC'K --«Al.KSUOOM.-\¿>\D D* VKSBY STREET.¿it if u'.-."" u Mu>" Concern:

-j. 2» #f 1' 'V 'rvlîle. Mías., Oouniv^YfUd Kiver- w»ter Works ¿*¿fc ! «'.« «'. ."* Bonds. 192Í.iIS&.Stlllwell, Okla.. «'aunty ofW*«5S »«<¦««<- ^'Sht CNr Bonds.

«.aft«« .*> »«««t?"' *li,a" County of«f »«c***- '"'¦' Kundin« Bonds, t;i;sluKi»»i Cc'.umht.'i. Miss., County of¦CKfiaa School Building C'j Bonds,*.«¦»««*' Columbia. Miss., Countv ofiRjA School Building 6S> Bañas.1 I>-Infert ol* Columbia, Miss.. Countv of"f"fi»rroB. School Building 6*& Bonds

urloo. School Bullding 6r,.« Bonds».a oí Columbia, Miss., County ofstton. School Building 6<-.« Bondsl«j cf r-r-.rr.a, Texas, County ofHint So« an«.« :«.-..- .', Bonds, 1951

a Mr of Will*amsburg Depot. Miss.Viinty ci Covington, Water o > 4B<\$. is::

ft ro»n «.«: PoplarviUe. Miss., Countv"¦<pea:-i River. Electric «Light 6Î4ieaàs. 1927. ¡a r»irn of Poplarviil?, Miss., County. Pearl River, Electric Light o4«Binds. IMS. Pec, 1?;o, Coupon on.

Hft¡>*n of Indlanola, Miss.. County ofR?°Ser,J W.ttier w°rka AdditionHi«* Bonds, 1939,

B W ai /¡ear«,;, «ikl.t., «utitv ofB:iIn-.-. Water Works C 5 BondsWS.

M Jour«-.-* A'.achua, Florida. Fundln**;hfcool Building Warrant 5% Bonds113.M ton of Wanette. Okla.. County ofMtawatoml« Water Works 6'".*fctiiîs. 19S«.

M 3tr- of Girard, Kansas. County of¦awford, Electric Light 1'lant tc,'cWtr.iis. l"2a

Hfcftv oí Holly Springs. Miss., Connty(ft Miirshail, Sewase System SeriosM" 5 a- Bonds. 19175..lfcir.ur.ty of Blount, Alabama. Roadn Bonds, 1945.

«ftBow:! of Premiss, Miss,. County of.J»ff-rson Davis. Water Works 6%Ítods. 1937. Dec. 1920. Coupon on.

¡ty af Nocoma, Texas. County ofor.t.igue. Water Works &ro Bonds,ty of C.roesbeeck, Tesas. Street

Improvement ó^« Bond», 1951. Dec.Wt¡). Coupon on.

}C Ob of Dublin. Texas; Water Works&* Bonds. 1951. Dec, 1920. Cou¬pon en.

49Board of Education. City of ToncaCria. Okla., School Building 6%JJou-J. 10716.

¦iWffcwn of Pryor Creek. Okla., Countyof Mays, Water Works 6'o Bonds.19.

iMTo«" of Lumberton. Miss.. Addi¬tional Water Works 6*A Bonds. 1925.

100 City of Cherokee. Okla., Countv ofAlfalfa. Elec. Light & Power Svh-tem 6* Bonds, 19D4. Dec, 1320,Coupea on.

«Oil To«mi of Inka, Mls3., County ofT.shomlnpo, School Building 6'VBoiuis. 17'2S.

.0 Charleston Separata School Dis¬trict, Miss., County of Tallahatchle,School Building ç«i Bonds, 1929.

lOItta Bena. Miss., Water Works) 6*eBon.Is. 19 29.

(MToVcn of Fairfax. Okla., Countv ofMage, Water Works C <» Bunds,»35. Dec, 1920, Coupon on.

Mi'To'.'.n of Pontotoc, Miss.. School8e-.es "3" 6Vi3> Bonds. 1929.

PMCeurity of Covingion. Miss. CourtHouse & Jail Bond 5<~o Bonds. 1925.

«»County of Covlngton, Misa., CourtHouse & Jail Bonds, 1924.

HiTO'Vn of Lumberton, Miss., Countyof Lamar, Water Works 5'i Bonds,1»2 4.

(»To-.vn of Madill, Okla.. County ofJfarchall. Sewer 6% Bonds, 19775.Hwn of Madill, Okla.. County of

Marshall, Street Crossing tír¿ Bunds,1».-.

¦Awn of Indlanola, Miss.. County ofSor.ftowr, Bridge & School 6%Bonds. 1926.

Ufe**» of Gloster, Miss., County ofSmite. Water Works & Elec. LightPlar.t & Municipal 6<"-> Bonds, 1927.

UtOStluhoma City, ukla-, I-'ublit* Park%*- Bonds, 1934.

(MBHaekslono. Va., Sewer, Water &ítre-n 6% Bonds. 1938.

44 Irookhaven, Miss., tiVi"* Schoolfcnds, 1929.

m iernalil'o County. New Mexico, Cclefdg. Bonds, 1931.

¦ : linsvllle, Okla., Elec Light Í:¦lower 6-"«- Bonds, 1936.

¦Banton, Misa., Sewerago 6Tó Bonds,Jfc'JT.

M Edmonton, Alberta, Canada, SchoolI !'- Bonds, 1953.¦ tmarUlo. Texas, 6U% Funding

Bonds, 19<3.H îulfport. Miss.. Street Improvement

i-.j*"« Bonds. 1928.M Iraham, Va., Water Works 6%

Jond?. 1936.HI 5am«berton, N. C, Water Works &

je«*er 5 1-3 ^, Bonds, 1937.M Lumberton, N. C, BV49Í Refunding

Bonds, 1937.HE« fio re County. Miss., Bridge D?«

ffior.ds, 1932.mpi-dford, Oregon, Water Supply t>"cJBonds, 1938.

mjMcunt Airy, N. C, Water WorksElec. Light & Street Improvementbr: Bonds, 1933.

IKlOk-.ulgee. Okla., Water Bî4 Bond3,1527.

ipfQulncy. F'.a.. Water Works 6?«{Bonds, 1949.

WMQurtman County. Miss., CountyHosdi 57« Bonds. 1941.

HOSapu.pa, Okla., High School EîiB-jhJs, 1936.

MTu;.f5j, Misa, Improvement l>KoBonds, 1931.

jK Tensas Parish, La.. Court House &Jail CT» Bonds, 1933 to 1943.

MEETINGS

Thelàtham & PhénixNational BankTHE CITY OF NEW YORK

ke annual meeting of the share-bis of the Chatham & Phénixonal Bank of the City of Newl for the election of directorstransaction of any other busi-Which may be brought beforemeeting will be held at theIbf house of said association,itt Broadway, in the BoroughIM&hattan, in the City of Newk,.«n Tuesday, January 11th,»«ft 12 o'clock noon.

BERT L. HASKINS,Vice-Pres. & Cashier.

ícrk. Dec. Sth, 1920.

'DIVIDEND NOTICES

American AgriculturalChemical Company

S>w York. r>«seember 9. 1920.y dividend of or.tj and one-halfi*i> on the Preferred Stock of

Cflpa.'.y ÍNo. «,:-) has been declared¦Thriuary 15. 1921, to etockrtolders"rti* the .. of business on Mon--4L -r 20, :'2'il*fVi'iy dividend of two prr cnt«»t.-- «"-¦ -a tocfc (Ko. 37 ) ha«MR»-' i paya«,.i In »crip, convrrtl-

**£.:-.*'..-.' on r.'r,> s. \t i>a,T. on January.Z \: irtockholder« ut record at th*-L| l*.;.ur,iut on Mouday, Decembor

raOXAfl a. non, Treasurer.

flf'SPRINQFIELD TIRE CO...h.-.'y A'.A'inrvl of on«9 dollar and2* >\\.'.,<>) p*rr shnra «.*> i.h» Klx*! Pref«rn 1 Btock of this Companybw-lared. p;i/al>l<» Janj-j ry 1, lï^î.p fier» ','. record >i*. the cIom ofjWwmhi 11. i'i?.f>i V. etKWÁRT'BVtaBsWAi :>.

{-;..-..-.a.ary.net t*c«tt£b*t 7, 1320.

Telephone & Teleoraph Co.! 7wo Oollar» per *h«i'' ¡U

tatur<S*7, Jaouary Ifc *>21. t«*' i«-/',fl at th« dCM of

* i/.-.f.^./. DtniemixT 20. r<2*).'; L». Afilas;:. Treasurer.

ARROW MOTOR CARGO.f4 «.' ' ,- * bju ... ', i- r«d ( a'.

144 .* «j ',' t "o :¦¦ : '

'. i stock ¦ ' fn« ' -

ULI v .', IÍ21, to 1",' ''¦*¦'¦ ' .; '.,-,x': ;t fc«n"ei

» '. ;*7 «. ',.:, iDe^rttary.

tarn,. WTU r. r,y7***¿>Hr.y sy.it i O..MANAOKBÍ,¦>«w^ fcoeU.» «a»«.?»S^*Í-' ' of :.t» nw,n

^JSSJ^ ' ' M' Í« '¦*'*

i>«faT /" ."r '¦ mft-Ü. *SL''- " "rt»n*1vt hy.fi'n. >>o.?*-«*Srî '¦' '..;.-»../, /ío«'.o;¡.

i**«*a'*-/"-' .' *'6«-i at {he «Jo.»»

iHHto*,, Bit tottJA.

.%22*<!¿i '.I** '"'. .5":«'<-*l or. thet*??** ^«^ ;¦'.'" -.¦-/. p«.y«*)i;

;" 2 i''"'''; ''"¦«." '.< r ií'íi,*-''"¦-< - -, Opíjín._^ >-. »f tttUdft,mm*Aey at.« 'tis*,su$w.

Curb Prices DropTo New Lows WithRenewed Pressure

Oils Sold Freely and Indus-trials Turn Weak; Cana-dian Selling Sends Inter¬national Petroleum Down

Renewed pressure sent prices to newlew records for the year in many to¬stonees yesterday and sentiment wasdecidedly bearish for the time being.Ar, instance of this was seen in Inter¬national Petroleum, which sold downto 15"\i at one time on continued Cana¬dian selling.Previously heavy Canadian offeringshad been easily absorbed, but this sup¬

port was not so r.oticeabie yesterday,une the final price of 16, although abovethe lowest, showed a net decline of %.Hercules Paper was alfio depressed bvheavy selling and broke to 15, off 4ponts, but rallied later to above 16.United Retail Candy yielded fraction-ally. General Asphalt continued in sup-ply and established a new low for thecurrent movement at 37M¡, recoveringMs on the final sale, which showed anet loss of 1%.Simms regained a loss which carried

the stock down to 7, closing unchangedat 7^. Maracaibo turned weak andseid down to 15 for a loss of VA. To¬bacco Products Export and Sweets wereaiso easier.

IndustrialsSales. Open. High. Low. Last.3700 »Acme Coal... 1 1% 1 1%200 »Aetna Kxj>... 9% 9% 9% 9%350 «Air Reduction 41% 41% 40 41%1"0 »Alumlti Mfg.. 17% 17% 17% 17%100 »Am Candy. .. G 5 5 6100 »Am Hawaii S3 40 40 40 40100 Borde«. 85 S5% 87. 80%3B0 »Br-Am Chim. 4% 4% 4% 4%10 0 »llr-Ani T coup 12.» 12% 13% 13%300 .Car Lt & P.. 2% 2% 2% 2%C00 »ChaKners Mot i 1 1 1

2600 »Chgo Nipple.. 19 19% 15 16200 »Crude Chem.. 1 1% 1 1%900 »Kniptro T & S 18% 19 18% 18%100 *K¡irr«Ml Coal.. 16 16 16 ] «i47,0 «Cardner Mot. 17 17 17 17

6000 «den Asphalt.. 39% 39% 37% 38250 »Goldwyn Piet. 4% 4% 4'^ 4%100 »Hercúlea Pap. 10% 10% 10% 10%1200 »Hoyden Chem 2% 2% 2% 2%6000 Indian Packing 4 4 3% 3%300 »Kay Co Can.. 1% 1% 1 u \SO »Mfg I.t & lit. 51 51 61 51FIO «National Mot. 5 6 ô G4000 No Ain P & P. 4% 4 % 4% 4%100 «Peerless Mot.. 20'«, 20% 20% 20%900 Perfection Tire. 1 A 1% 1% i%17.00 »Badlo Co w I. 2% 2% 2 2%1700 »do pf w i... 3% 2% 2% 2ïk10U »K&53 Van H pf. 17, 15 17, 13î28:?#:yr^PIno 3% J% 3% 3%100 »Stand Gas pf. 33 33 33

*37.6000 »Sweeta Co Am 2% 3% 2% 2%600 «Swift Inter... 26V4 20'. 26W "Hi"joo «rob Prod Bip t" *?g Í;:3500 I i. it Prollt Sh. 1« ira [¿? [Ù1::°';:y A-i at can: g% I" ifc 1%250 1 S Distribut.. 30 30 30 30300 ; ¡Ship Corp. 1%

' j\ 3?H 3a°%380»Wlllya istpf.-. 27% 2?% 26 20%

Standard OilsSaîon*A««,. « ^.

°Pen. High. Low. Last.?S.ansJ°"Am 011 18% 18% 18% 18%*0 «.so Penn Oil.. . 343 " f>Ä40 »Std Oil of N Y . 37 354 V,tBOO »U Tank L pf.. _ *IJ *l¡ 8¡¡Other Oils

67,00 »fAllied OH... 14 I", 14 ,iJ800»Boone Oil.... 3% 1« U^- *U3500»tBrWyo oil.. il il X2 1 A4000»Carib Syn.,... 9t* Bö 0" **

600 »C S B T Sh.. 3 3 31 <¡i 'a

50a*Cosden & Co. 6 0 "¿ °¿3600 »Cushing Pet. % % bj V1000 »Denny Oil.... 1« ig i]7 ,7?100 »Do» Oil. ¡i? 8% s5 8$2400 »Elk B Pot... 8 8% 7% § *2300 Engineers P... 117, 11 1 í¿ 1)4¦r. »fEsni O C..V' 3-33 % 1 3%51000 Federal Oil... 2% 2% 2Ï4 -u400»Fensland Oil.. 13 13 12% 12%600 »Glenrock Oil. 2 3% 2 .".1200»CJuf-G O com. 26% 2«3% 26 26

*

800 »Hudson Oil... % u y. 1:7000 »Internat Pet. 16% 16<4 13% ig200 »Invader Oil..185 1S5 ISO ISO1000 »Lyons Oil.... S % 8% 8 S3000 »Lyons Pet. 1% 1% U 1«2S00 «Maracaibo Oil 1C* 16>4 1í,sl 1 í, .-w,50Ö»Mer O Corp.. 13 12 11% 124200 Mexico Oil.... 1 1 % 1 «8 1%460. »Midwest Kot.146 146 144' 1442900 «Midwest T... % -P. 1: A8000 Noble O & G.. »9 Jl %

.

600 O O & G (n),. 2% 2% 2% 2%200 »Pennok Oil... tí G 6 6'1500 »Prod & Ref.'.. 5% 5% 4% 4¡Vi2100 »Ked R Oil... % 1 Hl'2100.»Ryan C w 1.. 14% 11% 13 13100 «Salt C Prod... 23 28 28 28200 »Salt C (n).. 10 10% 10 10%C800 »Slmms Bet... 7 >¿ 7% 7 7%100 Spen PC. 9% 9% 9% 0%9600 «Texon O «fe L % % F> %2200 »Victoria OH., i 1 '.;, 1 11 i

200 »Vulcan Qll... % !i % v*2500 »Woodburn Oil 1% 1% 1 1%

Mining16600 Al-Br Col Met A A % %

200 »Amer Mines.. 11118000 »fAtlanta 1 1% 1 1%2500 »t'Belch D (a i«) 3 3 3 83700 »tBolch E (ap) 4 4% 4 4%4000 Big Ledgo ... A A A %3000 «tBooth . 3% S% P, 3%7000 tiJost & Mont. 43 42 40 4232Q0 »fCaledonia .. 18 3S 17 183200 »{Candelaria S .15 15 14 142600 »fCashboy ... 6"% 0% 6% 6%|300 Cons Vlr SIlv. 3% 4 3% 3%2500 »Cortea Silver. 63 61 63 6 116 00 <_'res?on Con O 1% 1'i 1% 1%|25 00 »Darwin Si 1ver 2 2 2 34200 Dlv Ext (a p) 32 S3 31 314IJ0E1 Salvador S. A % A %300 Emma SUver. 3 3 2 8

15000 »Kur Cr M Co 44 47 43 472200 *+Eureka Holly A A A %5000 »Forty-nine M % % % %l270»tGold Z Dlv. 24 24 22% 232700 »+C.oldf Conn.. f,% 6% G 57500 »fGoldf Dev, .2 2 1 % 23000 »tGreat Bend. 1 1 1 14600 »tHarmill DM 20 2." 20 237.70 Hecla Mining. 4% 4% 4% 4%

2300 «tJJm Butler.. 17, 16 15 162700 tJuiïibo Extetu 6% 5% 5 62300 »tKewanas ... 2% 2% 2 27600 «tKnox Divídelo 10 9% lo6000 »Lone Sr C M. 4% 4% 4% 4%1000 »fMacNam M. A % -ft V*g000 Magma Cop... 19% 19% 17 172300 »tMarsh Mng. t-; R 7 7 '¦¦¦2800 Nipissing M C 7-% 7% 7 7'¦>¦600Ophlr SU M C. % A % A600 Prince Con ... A A A A1200 Ray V Cop Co 1 1 1 12300 Roper-G M Co A -«l* A A2700'*t8ilver Pick., 5 6 5 5%1300 Si croix Sliver % % % %200 Htar.d SIlv Ld. A A A A

2500 »-triuceess Mg 2 % 2% 2 2%1700 »Butherld Dlv, 2% 2% 2 2

t.- »Tallapoosa S. A A A A370 »Ton«. Belmt.. 1% 1% 1-'« 1%8360 »Tono Divide. 1% ' 1% 1% 1-*«.680 Tono Exten... 1 '...¦ 1% 1A 1%

3600 »Tono Mng 1-:- 1 'j 1A 1-ik51250 Untd KuHfrn. 2% 2% 2N 7 ¦¦.

i »tVlc« I« (a 1.) 6 6 4% 4%3600 +VV Bnd Cona. ) 1 H J1500 +Wh Capa Mg. 6% 6% 6% t%

Wilbert Mng.. 2 2 J % 227'0'Vuk G Alar... 1% 1% * i *7»

BondsKales (000 omitted). Üp-n. Hlh'h. Low La«rt.$30»AUt«a Pack 6». r.1% 63 61% 62%

l»Alurr.ln Mfir 7*.. 96 96 96 9620 »An, T^ TO«, .22.. 94% 94% 94% 94%20 »do ¡««74. 93% 9 .'» 93 936S «Anaconda 7a w i 91 91 '->0% 00%

I'ARTNKKSIHP NOTICE

uve notice thai th«y have formed a limited.,.....,.., ..... m name of Pyn. hone, Compai >. the : rln< .;.«« pla« e of b islne is

r,f ,.....:,, :. to be located In th« County... - w Vork, f««r the transaction

<",' n gem al omn Iwlon and brokerage busl-., a..-,«.; particularly hut not ex-

cttwívely buying, »eiPng ¡.nd dealing n

¿lock», bond« and Othei «ecuidtleii and Iníra!'«,. "'!>, cotteo, mmsr and other tner-

or - immodltle« tor ".her parties

cate and : ". op« ration« and flotation», and1 : bunlnoM »a »hall b« Incl-'¦';.

.... tlvo place« of Mil¬dern ;,¡ partfjer» are:

;;...... Greenwich, Connecticut,

Waller, New Kork.CU r,h*, rs D iruvant, Chicago, Jlllnoli»,BenlarnlnO i^tthrop, London, Boglan«!.CHf^M Wucknam. gn»nwfcb. e«in«tlcut,t<«<rv 1 D l> .in. New xorh 'Jty,KÍmÍI in.' Chlc.IJ.Hgnol*j;'.;rM *;,;;., ¦"« r«iW*nce or tb« <VMUIt;*''-;/., B R«hi Greenwich, Connecticut.i'.;';'/'.'! ,. »l : ..«.-r« and »aid »pe-«¡Il Lntvor are oí irutl age, WUliam B.i.'r. "'.'.'i 1 '»'h. partner, ha« contributed

, ? , ,%., .;,.....ai» i irty ThoueandVi --/'M r. I t :.,¦'¦! 1 1 u> the wmawn »toch

"r.,;!';í,u¦:,¦;-;::¦.:'-., te t« comm«ic« .¦«.

AÍSSUWTW 1« to end Dumber

i,'-.',,d TmxtntrKt íth, I'kí"'', /. :. ., .. ' HffortBjidnwn./..,.,,, Graff, V"'"'7 'li,'¦'."« ''

r, ..,, ....^ wmutflK futo.

I;« »Ohio O Gas '22.. 94% 94% l'4% 94%10 »do 7s '23. 93 91 92% 92%15 *d,> 1925. 92 92 91 91i«". »Seaboard A L Cs 4«? 4s 45% 4fii¡.6 »Seara-It 7e (1 yr) 97% 97% 97% 97%.do 7a (2yr).. 94% 94U 94% 94%15 *do 7a (3yr>.. 94% 94% 94 94%30 Sinclair 71í,h- 90 90 89% 89%30 »Solvay &Cle 8b. 99% 99% 99% 99%

st JSled 78.. 'J'¿ 99 9SGerman Infernal Bonds

(QuotiMl in dollars jver 1.000 marks)Salea (OOO omitted). Oj)en. High. Low. Last,î 11 »Berlin 4s . 12 12 12 1226 »German Gvt 4a. 10 jo io jo70 »Hamburg 4%a.. 13% 13% 12% 13%

»Unlisted. i-Sella conta per share.---.-

Treasury OfferingIs OversubscribedBy District Banks

Applications on Hand WhenSubscription Books OpenSufficient to Take Quote ;More Interest Is Shown

Banks in the Federal Reserve Dis¬trict of New York are responding tothe latest offering of United StatesTreasury certificates of indebtednesswith a(tremendous oversubscription, itwas learned yesterdayThe quota set for this district in the5500,000,000 offering is $170,000,000. Ap¬plications on hand when the subscrip¬tion books opened were sufficient totake up the entire quota. Since thensubscriptions have been pouring instcadiiy, and up to a late hour yester¬day applications already received calledfor approximately $300,000,000. It wasstated by the bankers that additionalsubscriptions which will come in be¬fore the books close are likely to swellthe total to well over that figure.Some of the large downtown banks:ave heavily increased their subscrip¬tions as compared with previous Treas¬ury certificate offerings. Corporationshave eagerly sought to obtain a largeshare of the offering, and one corpora¬tion alone put in an application yester¬day for $2,500,000. A savings bank ap¬plied for $1,000,000. Indications arethat allotments in this district will beon a basis of less than two-thirds ofthe amount applied for. .

Banks are finding the new offeringattractive because of the high interestcoupon. The issue consists of six-month certificates bearing a 594 rateand one-year certificates bearing a 6per cent rate. In view of the prospectof easier money next year, the bankslook upon the new securities as a goodshort-term investment. The certificatesare available for the payment of Fed¬eral taxes, so that this has brought inmuch buying by corporations and indi¬viduals.

»

White Motor IntendsTo Continue Dividends

Windsor D. White, president of theWhite Motor Company, in a letter tostockholders yesterday repudiated thestatement to employees recently madeby the vice-president in charge of pro¬duction "that the dividend earned forthe first three months of next year anddue April 1, as reflected by the opin¬ion of the executive committee, shouldbe reduced.""The board finds upon investigation,"

said Mr. White, "that this statementwas made by the vice-president with¬out consultation and without theknowledge of his associate officers orof the executive, committee and be¬lieves it to be its duty to state toyou that no such decision has beenreached, but that the contrary is thefact, namely, that it is the great desireand expectation of this company tocontinue the uninterrupted regularityof its dividends on the present basis.

"Its earnings in the past as re lect-ed in its surplus are quite sufficientto make this policy permissible dur¬ing the ensuing year. The earningsof the company will be determined bythe demand for the company's product.Our dividends have been declared ata low rate, considering the earningsof tbe'eompany, with the view to a pol¬icy of regularity, and the board hopesits policy in this respect can be main¬tained."Regarding rumors of new financing

Mr. White said there is no immediateneed for the sale of securities by thecompany.

-,.m.-..

Cost Accounting SystemInterests Garment Makers

The feature of yesterday's openingsession of the twentv-fourth femi-an-nual convention of the InternationalAssociation of Garment Manufacturersat the Waldorf-Astoria was the expla¬nation of the organization's plans forestablishing a cost accounting systemand bureau in the industry. The planhas been outlined in these columnspreviously.The remarks of F. L. Sweetser, of the

Dutchess Manufacturing Company,:chairman of the cost accounting com-mittee, ami of W. R. Bassett, of Miller,Franklin Bassett & Co., industrial en-;gineer,s, who are cooperating in thework, were received with marked in¬terest by the manufacturers. A fur-ther report will be given to-day.The afternoon session was devoted

to sectional meetings, as will the ses¬sion this morning, to be followed by aluncheon, at which Irving Lcnroot,United States Senator i'rmn Wisconsin,will speak on "Confidence and Con¬tracts."

-.. m-.-.

Silverware Trade SurveyA survey of the .sterling silverware

trade, including the manufacturing, re¬tailing and consuming ends of the in¬dustry, has been undertaken by theSterling Silverware Manufacturers' As¬sociation. The organization has en¬

gaged the research department of theGeorge Batten Company, advertisingagency, for the survey. The decision tocompilo comprehensive data on allbranches of the sterling silverware bus¬iness grew out of the desire of themanufacturers to establish some planof cooperative effort to increase theoutput of sterling silver as well asthe turnover by retailers, according toFrederick S. Taggart, secretary.

Letvia Bans LuxuriesArticles falling in the luxury Class,

extending even to silk, velvet and laceun articles made from them, are pro-hibited from importation in Letvia,according to John J. Kalnin, consularagent in this country for the republic.Duty free articles include cereals, rice,sugar, cattle, samples without value,ores, potatoes, horses, ships and sandand stone ballast. Although the two-year-old republic is in a sound con¬

dition, says Mr. Kalnin, economy is nec¬essary, and this explains the prohibi¬tion of nil articles that might bo con¬

sidered luturicB.^___

He^in Grinding New SugarBAN JUAN, Porto Kleo, Dec. 9..

Mill! of the South Porto Rico SugarCompany started the, IXil grind.,,«. uea-

BOn thl« week, being the flrs; on the¡«land of Porto Rico to begin worlu

InvestmentInformation

Questions of general interest to in¬vestors mil be answered in this col¬umn, in which case only initials willbe used. Others will be answered bynail. Add-ess all inquiries, inclos¬ing a stamped, addressed envelope, teFinancial Editor, The Tribune, IS*Nassau Street, New York City.

Carolina Tower and LightQuestion.Will you kindly give me youropinion for investment purpo^s of a rjl.ono4? t «'".I a4lkin"I'u!lnf'lto Electric Porv.-rana J.iiïnt Company bond, due 1924 6 i«-«-r»fit. Please give me th<* market valueat tho present time..k. v. b.Answer.The earnings of the Caro¬lina Power and Light Company haveshown an increase of late. Your bond,¡«art of this system, is well secured, inour opinion, and entitled to a good rat¬ing. The recent market was about 85 to

Atlantic Fruit DebenturesQuestion.Last January I bought »4,000Atlantic Fruit Company 7 per cent flf-k^MK1^0!1 «-1olionttin; bonds at 97 fromkn.iuth. Nachod tí Kühne as a safe invest-ti.ent. it being recommended to me by theabove firm as such. At present they arequoted at ,7. Do you think the companys earning tho interest and can pay It inthe futur«*, and do you rate It as a safa«Investment for a business man?.F. M.Answer.The Tribune is informed bycue of the firms which floated the At-lantic Fruit Company bonds that forthe first nine months of 1920 interest1charges were earned about three times.1These figures were not up to estimatesbecause, so it is said, of several rea-.

sons. One ship was greatly delayedin delivery to the company, anotherwas badly damaged, and although thelatter was insured the use of tho ves-!sel was lost. The company is engagedlargely in the fruit business. Duringthe longshoremen's strike in New Yorksome of the ships were held up withcargoes of fruit which could not bemoved. This caused considerable loss.At the present time, we are informed,jinterest charges are being earned.There are always such factors to con-tend with in the shipping business.Therefore we do not regard such is-sues as high grade. The firm to whomwe spoke regard the bonds as safe,however, and furthermore believe thefuture to be far brighter for the com-pany.

Du Pont Securities CorporationQuest ion*-Please advise me on tho r)uPont Securities Company, what rleatlonand effect it will have on General Motorsstock. "Why was it formed and what kin.',of business does the Uu l'ont SecuritiesCompany Intend to «Jo V.E. A. W.Answer.Wo do not know what ef¬fect the formation of the Du Pont

Securities Company will have uponGeneral Motors stock. The former com¬pany has taken over a block of thelatter, which belonged to W. C. Durant,president of General Motors. It maybe that the technical position of Gen¬eral Motors .«4oek is better becausethere may be less chance of the stockwhich has been tn'kon over appearingon the market. The Du Pont Securi¬ties Company is a holding company.The Du Ponts have been closely identi¬fied with General Motors for some timepast.

Plans Speculations in '*ondsQuestion.About eight years uro I used

$5,500 for stock speculation. At' this dateit lias Increased to $15,0.00. llave usedstandard dividend paying stocks only,railroad and Industrials, of the lalt«-rUnited States Steel, exclusively; buyingin "gloom" and s*-llInj? In "sunshine,'' In¬side heavy margin. Sometimes i havetaken ¡> lass, but the not result has bensatisfactory. Have never dealt in bonds,but at the present time I am Inclined toutilize them. I am offered by a fairly wellknown bond house first mortgage 6 percent bonds of the Central Power Corpora¬tion of Oeorgle, due 1938, and uncallable.Are they sufficiently sound and well iea-Honed to be considerably Influenced tny lowmoney, when it comes? If not, will youplease name bunds or a class of bon l;>In« lu r-oiPipt'-il to buy or holil for that l ur-pose? Is it not yet too early to buy highgrade, low yielding bonds with borrowpjmoney for appreciation in value?.I. F. DAnswer.The Central Georgia Power

Company is part of the Georgia Light,Power and Railways. Its bonds $2,785,-200, are a first lien on the property,including an up-to-date hydro-electric jplant. The latest figures we have arefor 1919. Not earnings were $369 061and bond and other interest $219.426.This net is not quite one and one-quarter times interest charges. Butthe margin is ample, in our opinion,to give the bond a good rating. Theissue does not, we understand, enjoya very active market, so that it is lik« lyit would not b so easily affected bychanges for the better in the invest-ment market. It is our opinion thatthe seasoned lifted bonds are better foryour purpose. The active railroad is¬sues such as Atchison adjustment ?per cent, St. Paul general 4 per cent,Cincinnati & Ohio AVz per cent andbonds of that grade, offer in our opin-ion very good opportunities Theseissues are selling now many pointsbelow their prices of a few years a-ro.The discount on their i«*?ucs is con¬siderable and therefore the chances oiappreciation for the long term bondis greater. Wc cannot, of course, at*tempt to say just when is the time toapurchase bonds. You are viewing thematter from the speculative standpoint.while we only recommend securities be-cause we believe they are well seasoned

Would Sell Brooklyn City R. R. at ParQuestion.I own a certificate for ?10

shan s of the capital stock of the Brooklyncity Railroad, par value ï10 a share. Inthe papers hero (Johnson City, N. Y.), Ican get onlv the quotations for BrooklynRapid Transit, Brooklyn Rapid Transit IsIn the hands of the receivers. As I under¬stand it. all the different companies thatformed th" Brooklyn Rapid Transit mergerhave ben separated )>y order «>f the courtand are now Individual. What would yousuggest? Hold on to these shares ofBrooklyn City Railroad, or sell? If sold,how much cash would they bring? If theBrooklyn City Railroad sends mo certifi¬cate which roads: "210 shares of the capi¬tal stock ut $10 each," why won't they payme that amount if offered th«ni? Whenyou answer kindly avoid the use of technl-cal terms as much as posible. If you sug-gesl selling please advise course of pr««--cedure. Would 1 have any tax to pay,etc.?.H. P. N.

.Answer.The Brooklyn City Railroad,formerly leased by the Brooklyn RapidTransit, is now operated independently,the lease having been broken due to thoinability of the lessee to live up to theterms. The Brooklyn City operates thegreater paît of the traction lines inthe Borough of Brooklyn. The stock isnot listed on the New York Stock Ex¬change, or on any other exchange. Itis dealt in among brokers. Communi¬cate with any stock brokerage firm ad-vertising in The Tribune and they willgive you tho market quotation for thestock. Present quotations are in theneighborhood of $3.50a share, par value$10. The Tribune cannot give adviceabout buying and selling speculativestocks. \Ve can tell you, however, thatit is likely, in our opinion, that theunfavorable features of tho tractionsituation in Brooklyn have been largelydiscounted by tho low prices of the se¬curities. If you sell your stocks at $3 ashure you would obtain $030. When youhold a certificate of stock in a corpora¬tion you are. part owner of that cor¬

poration. The Brooklyn City RailroadCompany operates the property. It hasnothing to do with the stock, otherthan to transfer it, etc. If «you formeda corporation and sold stock to thepublic at par, you would not feel obli¬gated to buy it back at par if the.pricewent down to $3 a share. If you soldyour stock you would pay a Federaland a state tax of two cents each foreach $100 of par value. In this case thetnx on 210 shnres at $10 per valuewould be 84 cent!«.

Four full columns of in¬vestment questions and an¬

swers are published in TheTribune every Sunday.

Business NewsGarment Manufacturers Fail

To Discuss Trade at MeetingDo Little in Effort Toward

Rehabilitation and Sugges¬tion of Remedies; DelayOrdering Raw Material

Little constructive effort towardbringing about a rehabilitation of busi¬ness is being taken by the average in¬dividual producer of goods, if senti¬ments expressed by members of the in¬ternational Association of GarmentManufacturers are a fair sample of themental slant that obtains in industrialcircles to-day.The manufacturers, at their conven¬

tion yesterday, failed to take advantageof an opportunity to discuss the present!state of business or to suggest reme-dies for its improvement. Private ques-tioning of several members of the as-sociation revealed a striking similarityin mental attitude. Broadly speaking,they are waiting for something to turnup, hoping that business will be betterafter the first of the year, confidentthat the purchasing power of the coun-try has not increased to any appreci-able extent, but still skeptical of pres¬ent price levels.Óf more than a half donen leading!manufacturera of work clothing, house

dresses, children's apparel, etc., not onehas placed orders for anything like hisnormal requirements of raw materials.They all declared that they would notbo ready to buy these materials untilthey had-a larger volume of orders forfinished goods on their books than theyhave at present. The element of un¬certainty as to the ability of presentprices for cotton goods and other ma¬terials to hold to present figures alsowas given as a reason for delaying pur¬chases.Strenuous efforts are being made to

establish a uniform cost accountingsystem in the association, to preventsome of the "unintelligent" competi¬tion that is now said to be resulting inthe sale of goods below actual cost ofproduction.

Prices for garments produced by themanufacturers are still in a state offlux."Our firm is ready to meet the pricesset by any of our competitors," one mansaid."We are selling goods at a loss, buthope that demand will lead to higherprices soon," remarked another.Most of the manufacturers firmly be¬lieve that present price levels arelower than those that will prevail afew months hence if a demand forgoods reasserts itself.

Commercial CreditLifting of bank pressure, is reportedby business men from the Middle West.Comparing their experiences in at¬

tempting to borrow new funds, withthose of Eastern business men, it ap¬pears that the situation in the MiddleWest is decidedly easier. Some of themen feport having been offered accom¬modations at 6 per cent.

Local money rate.- were unchangedyesterday at 7% and 8 per cent, theformer rate obtaining for well knownrhort term paper, which is coining intothe market in greater proportion *hanlong term notes, ac:o,ding to brokers.Bankers' acceptance rates quoted yes¬terday by the American AcceptanceCouncil were:Xon-Mem-

Memher Banks. her Banks.Buy. Sell. Buy. Sell.0 days. il s 6 6% (!'»CO days. 6Vi 6% 6% 6%90 days. 6% dhi G->i GMt

WatcIil^"Tr^l7Has Banner Year

The watch case industry has experi¬enced a banner year, business trans¬acted having been unprecedented, in theopinipn of the leading manufacturers.Manufacturera of cheaper grades ofwatch cases report that their businesshas exceeded that of the precedingyear, and, although the usual dull pe¬riod has arrived they anticipate a fairrevival of trading early in the newe ir.A manufacturer who deals only in

high grade gold watch cases assertedthat there was a scarcity in his line,and, in hi opinion, judging from theamount of unfilled orders, the situa¬tion would at least continuo for an¬other year. Gold-filled and mediumgrade \tatch ease manufacturers alsoreport lira'.!!...] orders on hand and cx-

ed the belief that more ordersmi ,« t have been received but for thehortagu of Skilled watchmakers, whichhas retarded the production of goodwatches.

deduction ih the price of high gradewatch cases is hardly probable forsome time, it was said. Manufacturerscontend that the advance in the priceof their product has been small incomparison with the price advances inother commodities, and that the causefor the increase was the high cost oilabor.

»

American Co-operation UrgedIn Aiding Europe's RecoveryBoth the French and Belgians have

overestimated their capacity for re¬

habilitating their industries, in theopinion of Trade Commissioner CharlesP. Wood, who has just prepared a re¬

port on industrial machinery in thesetwo countries for the Bureau of For¬eign and Domestic Commerce."American cooperation," he says,

"applied to the reconstitution of essen¬tial producing industries would providea considerable market for American in¬dustrial machinery and at the sametime would insure raw materials andmoro work for European machineryfactories. More needs to be done togain the confidence of European in¬dustrialists."

.-m

Wholesale Purchases DropSharply Below Last Year

Wholesale purchases for the countryas a whole this week, as reported by theCredit Clearing House, dropped 1.» percent below those of a week ago, 10.2 be¬low those of the same week last year,and 3.7 per cent below those of 1918 inthe corresponding week. Indebtednesswas 1.2 per cent less than last, weekbut 5 per cent ahead of last year and4.9 per cent ahead of two yeais iigo.Payments improved over the week be¬fore to tho extent of 1.2 per cent, butwere under a year ago by 10.4 per cent,and also were 1.9 per cent less thantwo years ago.The north, agricultural and the east¬

ern sections wete the only divisions ofthe country to show any increase in

purchases. In both cases the increaseswere slight.

._-» -

Raw Silk Prices StillShow Much Irregularity

Prices of raw silk, according to theweekly market report by IL. L. Gwalter& Co.. are still depressed and showingconsiderable irregularity as a conse-duence of the weakness of certain Jap¬anese holders who temporarily are un¬

derselling the Imperial Syndicate. Thesyndicate earlv in the week, cablesraid, purchase«! from 6,000 to 7,000bales on the basis of 1,500 yen per balefor Sinshiu No. 1.

Distressed stocks are still a factor inthe local market, the report adds., Thedecline of silver exchange has brought,about a downward revision of Shanghaiand Canton silks during tho wefck.

Stresses NecessityOf Business Honor

An honest regard for obliga¬tions is the most vital principleaffectinc: American business to¬day, Jacob W. Mack, of the Rauh«Si, Mack Shirt Company andpresident of the InternationalGarment Manufacturers Associa¬tion, told that organization yes¬terday at the opening of its con¬vention."A contract entered into in

good faith," he said, "must notbe canceled by either party, butmust be fulfilled regardless ofwhat loss that action entails. Itis not a monetary but a moral is¬sue, and the sooner that idea isrecognized and observed by ail ofus, the sooner you will find orderswill be placed and contracts en¬tered into more cautiously, more

intelligently and with a feeling ofcomplete safety."Speaking of the general situa¬

tion, Mr. Mack said: "This is notime for fear or panic.this israther a time for caution and con¬fidence."

Receivers for Two FirmsEmerson Phonograph and Cut¬

ler Bros. Taken OverTwo large commercial concerns yes¬terday were placed in the hands of re¬

ceivers. Jacob Scholer and Thomas II.Matters jr. were appointed receivers inequity for tire Emerson PhonographCompany, Inc., under a joint bond of$25,000. The complainant in the suitresulting in the receivership was MaryS. Johnson, claiming ?1G,GS0 due for ad¬vertising and printing services. Theassets of the company are estimated at$1,200,000 and liabilities at about$1,000,000. The bill of comnlaint saidthat creditors were pressing theirclaim and los wa likely utaess thecompany was taken over by receivers.Th.- gmerson Phonograph Company ofDelaware, a creditor of the defendantcompany to the extent of .$7.-90,000,jo ned in ; íe request for a receiver.Cutler Brothers, dealers in rubbergoods, 271 Broadway, also were placedin the hands of rece «vers. Judge Knoxappointed Finar Christie, Arthur E.Winter and Marry B. Boyce as re¬ceivers, and directed them to continuetho business for the benefit of cred¬itors. The suit was based on a claimof $7.850 by the John Wahl CommissionCompany, St. Louis.

Business TroublesPetitions in Bankruptcy

The following petitions In -bankruptcywere (lied yesterday in tho United StateslDistrict Court:JACOB là LEVY.An Involuntary peti¬tion against Jacob 15 Levy. 55 Grand

Street, ou behalf of Herman Moster, whoclaims $1,000. Liabilities are given as$50,000, and assets ¡is $1,000.NATIONAL WAIST Ml'«;. CO..An In¬

voluntary petition against Louis Mirmandoing .business as th.* National Waist Mfg.Co., 158 West Twenty-seventh Street, onbehalE of three creditors. Tho petitioningcreditors and amounts claimed are: C.Grosshandler, $500; S. A. Malbaum, $0S;s. I. I ii.ii.-ky, ¿l.noo.K AI.i'U M AN' BROS..An Involuntarypetition against Jacob and Max Kalchman,

trading as Kalchman Bros., clothing, 123Stnnton Street, on behalf of !.. Saff, whoclaimed $1,205.EDWARD POPPE CO. (Ginsberg Bros.)

.An Involuntary petition against Isklorand Nathan Ginsberg, trading a.s Ed'wardPoppe «5... Ginsberg Bros., wholesalegrocers, ran West Thirteenth Street, onbehalf of three creditors. Liabilities aregiven as $«35.000, and ansct.s as $30,000.The petitioning creditors ata! amo«jntsclaimed are: Samuel Zacharin, $87; R. C,Williams S: Co., $103; «Jharlcs S. Rich,$i,ooo.BLACK CAT MAGAZINE. INC..An In¬

voluntary petition against the Black CatMagazine, Inc., at 2r:0 West Twenty-eighthSI :« et, an behalf of th- Perkins-«Co., of 33 Wi *t Forty-second Street, which«.¡aims $5,000.FANNY L. FOX.A voluntary petition-

by Fanny !.. Fox, saleslady, 451 BristFifty-second Streit, who places her lia¬bilities at $3,623, All unsecured claims.STROUDSBURG RIBBON MILLS, IXC.

.An involuntary petition against theStroudsburg Ribbon Mills. Inc., a Penn¬sylvania corporation, with offices at 55Grand Street, in behalt of three creditors.Liabilities are given as $100,000 and assetsas $25,000. Tha petitioning creditors andamounts claimed are: C. Grosshandler,%90 L. Brodsky, $107 : David W. Kahn,.7500.

Schedules in Bankruptcy.*¦ The f< »wing schedules In bankruptcyI were filed in the United States DistrictCourt yesterdayARROW BRAND WAIST COMPANY.

The .'. il a of Max Sender and MorrisBernstein trading as the Arrow BrandWaist Com' iny, against whom a petitionwas filod July 15, 1920, «how liabilities of$3 ,425, which $29,571 a« ans. cur« -Iclaims and $2.852 notes and bills, and as-sets :t down ¦« ¦>'«¦¦ nAARON & DODNICK -The schedules of'Sam«i«*l Aaron. Jacob Dodnick and Frank

I Baakan, trading as Aaron &. Dodnlck,cloaks and .suits, IS Fast Sixteenth Street,'show liabilities of $17,5-14, at which $16,889

.-H',. nns"i'Urei! a: ¦; and asa 's of $6,622,of which $1.000 Is debts du-* on op.-n ac-counts; 31.050 machinery, tools, etc., and$S00 stock In trade.

' GRUBMAN & KTSMAX.The* schedulesof Morris Grubman and Joseph Elsman,trailing as Grubman & Elsman, silks andwoolens, 2G East Twentl« th Street, showliabilities of $14.725. of which $37.51 are

ecured claims, and $5 369 accommo na¬tion paper; and assets of $22,176, of which$¡r:.->:2 Is debts due on open accounts, JJ.Oli)sto«*k in trade, $*.;>r« money deposited Inbatik and $5,555 bills, promissory notes ands icuritles.

AssignmentsI.on.-i MIRMAN. tra'ing as National

Waist Manufacturing Company, shirt waistmanufacturer, 158 West Twenty-seventhSir« -;. has assigned for th.* benefit of cred-iLor** m Julius Fis ¡a r, 35 Nassau Street.JOE GROSS, F.CKIE ETTINGER and

BENJAMIN CHMELNITZKY, trading as;St. Rivera Lunch Company and Staub'sRestaurants and Lunch Rooms, 57 CooperSquare, Manhattan, an-! 109 CommerceStreet, Brooklyn, yesterday assigned for thebenefit ««r creditors !¦> Nat Y. Rothenberg.ISIDORE GINSBERG am! NATHAN

GINSBERG, trad! .,- as Edward PoppeCompany and Ginsberg Bros., wholesale

r-rii's 7 :« '.'.'¦ T Irteenl h Street, as¬signed far the benefit of creditors tu Ja abJ. !.. ¿«ser.

HARRY GREENBERG, retail hardwareand housefurnishings, 5 40 Brook Avenue,as- gned for thu benefit of creditors to Ed¬ward Heyman.SAMUEL LITTMAN. trading as Llttman

Novelty House, retail cloaks and suits, 50Avenue A, has assigned fur tho benefit ofcreditors to Lfjuis Sherov.

Judgment«* FiledIn New York County

The following judgments were filed yes-terday the lirst name being that uf the««te ir:Abbott, Chas A.Hayes & Miller

'.i, lar* . $145.20Ajax Auto ^' Aero Sheet & Mel i!Co Ino.Dallas Brass a* Copper('«>. 1,742.05

7: W I> Realty Co.C Alien. 615.20Bodek, Harry and Philip (If Bo-

ili-k «£. Bro)".Max Sachar andMax Sherman (Sacher .*.- Sher¬man). Commercial Exchange

. 1.049:7.1Sam« Sama . 1,934.71Balmr Albert 17.i'liniun TradingCorp. 120.8»

Bcvcridgo, Alven.B* Z Arglis.... 1,082,68

lickman, Isidore.Tock ScrewMachine Products Corp. 1.09 «a»!rink, Warren K.H H Hlekok.. 122.4a ¡right Crip Co (Hyman Goodsteln,Benjamin Newman. AbrahamSchwarte and Jacob Dinner)L Goldmiuz . 253.90our.trv Products Corp.Ameri¬can Cocoanut Putter Co. 1,669.01;a- >n Hadley T.W F Faat».. 143.00"richlow, Wm P.T A Sheppard. 145.41. W Headley & Co, Inc.-H 3Pate etal. 727.51?arson. Jas."Weber & Hellbron-

er . 176.1Sava. Philip or Phil, and John.B Cristanlello..-¦ ¦. °*?-22o.'.po, Wendel P.A Leftw.lch.. i<5.;>«emberg, Carl, an 1 Sylvan Dern-b~rg (Carl Dernberg & Son)Prank Martin Lasker Co; costa 133.S3eutsch, David.Commercial Ex-change Bank . 3C3.T2ambacher, Julius . ChromosChen n Co, Inc . 6'5SÜ-4,"evlin, Edw. Clinton Trading Uj.40

Ehrenreich, I.eo.Juno Waist Co,,.»¦,=

E! M-ir Commercial Co, Inc BSirs'-...;.-.. r et al . ..510.10

Frank. Morrla J.John A Miner's.._...Garage. Inc .'. 11..Do

Fallón, Thomas ,G.Holcomb &.Kohe Mfg Co.,-.. ^Jl'J,p0v Ravi: n ! J.Montray Corpn. 404.2.

Giuñta, Anthony--3 Burke. 1,133.40Gullfoyle, Edwin C. adr.-i--Err.l-

tn .striai Savings Bank.. 6.916.03Ginsberg. Morris H.D Bernstein 1.099.76.; .-... John.W M Pon; costa... *".?*Gray James A.M Bcker. oL.IjGarewitz Samuel.Sibley Pitman

...'

Electric Corpn ..., ».;.??Ginsberg, Morris H.D Bernstein 1,099.76

Gustafson, Hannan.C B Lester,,t a[ . 103.75

,;.. ord'Co.FG Booth. 219.42Sam...1 B Crane. 190.0«G tdberg, Emll, and National .,..'Surety Co.People, etc. oOO.OOHin I, Ralph, & Co.Hoffman

Steel Co . 4,951.70,Holtaman, Nathan.Weiss & KlawCo Inc . 102...

lia-/..,. Gregory, and Albert Cam-panale.People, etc.. . 3000«

Kiss Prank.Harper & Bros. 2o3.llKnowles, Charles A Greater

Cities Inventing Co. ..69.21Kuhn. Jortn J.N W*Ison. 1,649.53Landl, Almo.Title Guarantee «fcTrust Co. H3.90

Langdon, Pau! D.J S England.. 11,002.7*T.ongdon & Longheim Co.. l5í-?5Behr Peter T.F Fellmoth Jr... 136.50McLemore, E H.P A Crane- 658.30M« ssenger Pub Co Inc.V R Saly. 1.022.41Miller, Albert R.Alexander Ham

111 m Institute . 134.90romery, Edward H.AJex-

ander Hamilton Institute. 133.62Murtha James, adm.S Mathls.. 288.00Morsdall Realty Corpn.J B Rosen 2.210-97M McTighe Co, Inc.J Sterckler 205.4bMoses Furniture Exchange.V 8Cabinet Bed Co. ?!H£McDonald. Donald C.M D Almon IS..20

Mltlltsky, Saml E. and Wm Left.11.-as Building Co. ..uO.-O

Northern Underwriting Agency.C l« Halpenn. 5,'i'.,Pope Hobt A- E Ottelengul- 3b«.,0

Powers, Jesse W 2d.B W Row-,ers; costs ...¦... 12.-«9

Pooter M-'««-. T. or Haney rable-porter.H jackerson. 298.5j

Phono Motor Mfg Co . D Sa- ck el al. 664.8S

Packers Box Co, Inc.U S StatesCasualty Co . 163.92

Pense, Ernest M.John F Cuneo,¦ ,. .. 1.086.73

Rai.- Samo . î*o|n"S2Sama . Hlïli.. samo. ^"S-SSSame-^-Sama . 1,112. «oRappaport, Samuel, and DavidDiamond- C Dernbcrg et al.... 1,575.4«)

R« Ins m Chas l.- T Lee . 1,645.98Ryneck, Daniel, and Ja«-ob Breger.Chemical Ml Bank. 1,542.24

S A Jacobson «fc Co, Ine.Bar-rett Co . 2.401.60

Siegel, Jacob.C Tarne et al. 551.80Serritolli, Daniel, and Now Am¬sterdam Casualty Co.People,

2,000.00Bummer, Sam, or Sam Sohmer.G Laub . 173.15

Standard Auto Delivery, IncTravel' rs InsCo.- 312.5i>

Smith, Vetta. and Bernard BarthPeople, etc . 300.00

Sheehan. Timothy G.S W Eskin 575.61Teneo Co, Inc.Cuyler Realty Co 485.95Taylor, Geo C.M Schussler. 481.70Taylor, Edwin F.Bank of Italy. 9,756.20Vetter, Daniel, and New Amster¬dam Casualty Co.People, etc.. 2,500.00

Wolf, Charles and Meyer Jiw'olf Bros).B Rosenbaum... 164.41

Wishinsky, Jacob and Morris.YZeltlln. 4,022.16

In Bronx CounlyThe first name la that of the debtor.

Abramowltz Da-, id. and IsraelGoldberg-^M. Davidson. $65.30

Consum rs' Co-operative Corp..W. Steuer. 104.72

Greene, Joint.. Italia-America So-,a, ty -. 30.20

Goldsmith, Isidore.B. Meisler... 2,106.35Kastengren, William A..SpencerTurbine Co. 648.90

Llata & Co., Inc..-Sugar Products' .Co. 4,188.37Mendlowitz, Isaa«.-A. Rosenbaum 123,70Midwoo'd Building Corp., Louis

«laid .<¦ William E. Greyble.N. Harris. 2.300.26

Nelson, Han .Atlantic Paint Co.. C1.64Rubin, Nathan.N. Grossman et al 331.72Rotberg, Morris.D. Pfeiffer. 174.16Reliable Skirt Co., Harry Remis &Ityman Kourclk.H. Samson.. 895.20

Splegelberger, 'William.A. Cube!,Inc. 550.44

Wainshell, Harry.I. <fc C. ShooCo., Inc. 277.22

Saíi¡»íied JudgmentsIn New York County

The first, name is that of the debtor,tho second that of the creditor and datewhen judgment was filed:N. V. Municipal Ry. Corp..Post& Mi'Cord, Inc.; Nov. 24, 1920 $166.06

American Tooth Mfg. Co.. Inc...1. G, Abramson; Oct. 23, 1&20 470.24

Dickson, Alexander and William-Lenox Sand <fe Gravel Co.; Mar.11, 1920 . 182.26

Toorn« v. ¦' irneilus P..G. F. Sain-F.b. 17, 1913 . 112.15

Kanar. Sam.S. L,. Brück et a¡;July 21). 1910 . 129.03

Sah'.ano, Raffael and Katie D..Papantonio; May 22. 1911.. 104.72

Sa. a ¡a STetta, and Bernard BarthPeo'pl &c. Dec. 9, 1920. 300.00

N Y. Municipal Ry. Corp..Post& McCord, Inc.; April 11, 1919 433.25

Martin, John F..Carnegie TrustJan. 15, PUS.;. 1,013.60

Manhattan Motora Corp..W.Schumacher; Juno 17, 1920.. 1,570.10

Pittsburgli & Allegheny Coal Co..Mundial Trading Co., Inc.;July 3, 1920. 2,021.79

Hagerby Motor Trucking Co., Inc.-I). Spellacy; March 2, 1920.. 8,725.56

Rothsteln, Abraham, and Jos-ph Wolf.U. S. Trust Co. ofN Y Dec 23, 1313 (canceled) 8,578.97

Sam« .W. M. Keck; July 19,.¡r, (canceled) . 12,679.35

Same.M ¡'lei; Dec. 24, 1912 (can¬celed) . 6,373.64

jo m, Llppman .V Fidelity &Deposit Co. of Maryland Peo¬ple &c; Oct. 1, 1920 (canceled) 1,000.00

Hagerty Motor Trucking Co., Inc.D. Spellacy et al; Nov. 27,

1920 . 107.70,Poland Export Corp..W. Stein¬

berg; N «v. 19, 1920. 145.72Her, Max. and Henry Kraus

Wyler Construction Co.; Juno4, jan . 161.91

Fax, Frederick I'.. James C. Fox.and Z.dian Friedman.E. W.Browning; July 25. 1918. 3,393.58

In Bronx CountyGoldsmith Isidore.B. Melsle;

Dec. 9. 1920. $2,106.35Lipshibz, Solomon.P. Weisberg-

er; July 10, 1920 . 485.72Poland Export Corp..W. Stein¬

berg; Nov. 5, 1320 . 145.72-..-« ..-

Buyers ArrivedFairchild Service

ATLANTA.J. M. High Co., A. Kahanah.trimmings, woolens, silks, etc.; 116 Wes:Thirty-second Street.

ATLANTA .National Straw Hnt Worb:«¦ \ -¦. .;; .j hat mfgs i Pennsylvania.BALTIMORE.Stewart & Co.; T. L. Shan-

.n's f ntshings; Ml*s A. E.Dischinger, corsets; 2 West Thirty-sev-

.,, J] ---at.BALTIMORE.A. R. Frey, dry good», etc.;

i ., .; A .« n«-.BALTIJ RE.L. FrtK-U nthal tt Son; C.

Pr «¦¦¦!. a- hal, trimmings.BALTIMORE.Fvldman Bros.; L. Feld-man knit Hosiery, underwear, dry goods:

BALTIMORE.M. Stein & Co.; M. Stein.

BUYERS' WANTSOFFERINGS TO BUYERSaie per line. I urn»isr per line. 3 time»i$c per line. I timta

OFFERINGS TO BUYERSARMY an 1 Navy ehije supplies for im-

late delivery on floor; West PointofficerB1 ««hoes, $3.85; men's and ladles'khaki slippers. $1; army dress shoes, No,800, $4. Handltruan Sho«j Co., Inc., 92Duane at.

ARMY GOODM Stores.100,000 pairs ü. B.Army hip rubber hoots, sizes 8-12, in6-caao lots or more. $3 a pair. Chas. Rose,385 Bridge st., Brooklyn. Kevins 2853.

HATS.Angpra toques and tain o' shantersIn brushed worsted, earners hair and al-

paca; .500 dosen best qualities; lowestprices, in i wonderful variety of colorings;a timely opportunity for baaemoat buyer«.'«'¦in a.wan Co., 11 East 31st st. Longacre1023.

BALTIMORE . T\ Hainberger. clothing,etc.: Philadelphia.

BIRMINGHAM.Lu Levy, hosiery, shirts:Pennsylvania.

BOSTON--.'ortlan. Marsh Co.; C. H Hurd.women's hosiery and knit underwear;4 2 Fourth Av»p'ip.

BOSTON.J. Crys!?r. men's furnishings;Grand,BOSTON.Pierce.Bilür.gs, Inc.; C. ¿"lerce,men's clothing Bn slln,

BOSTON.Samuel C a Co.: S. Cohen.men's furnishings: Breslin,BOSTON.Har.ov- r Furniture Co.: H. Co¬hen furniture, Boor coverings; Breslin.

B« S rON.B. Rosvii, art novelties; Pennsyl¬vania.

BRISTOL. Va..T.. W. King Co; C. J.Kin:, piece g6orîs; 256 Church Street.

BUFFALO.William Hengerer Co.; MissJa kson, mttslln underwear and negli¬gees: Mrs. F. P. Wright, corsets. 2 W( Bt"' -, -seveft) h s* reet.

BUTTE. Mont..Syniona Pry Good« Co.:Harry Symcns ladles' suits, coats anddreaseo ! 1*1 Fifth Avenue.

CH «:'. ïi'. ?. i5. P. Kurd, dry «roods,etc.; Pennsylvania.CHl' AC«1 --¦ harl« «« A. Steven» * Bn«. :Mrs. B. H. Collins, dresses; 40 EastTwi nty-second street.C7' *i".\'«.0 l.ritner Bid*. Stère; M. JI.Fran'.-, ..lr«'ïs.'a. 11*72 Broad-fray."CHICAGO.B. Stng«:. men's furnishings;Pi nnsytvanla.CHICAGO.Goshen Shirt Co.; L. Silver.man. representing: lierai«! Square.CHICAGO.C. Schuller. hat»; liresllu.

CINCINNATI.MabU y & Carew Co.; M.Frank, men's clothing.CINCINNATI S. Bahcafch, furnlsbinfgoods; Pennsylvania.CLEVELAND.Miller rioak Co.; 8. Miller,coats nuits; Flanders.CLEVELAND.The May Co.» A. M. Man.

! .'¦ er. 57 West Twenty-SftCn str-et.COLUMBUS, Ohio.Doyle Shop; Mías O.

!. ... women's ready to wear i 277 FifthAvenue.

DALLAS. Tex. HlRgenbothun« - Bailey -

Logan; .1. S. Mei'arty, spring Une ofhUitsr 7.55 Brcartwav.

DALLAS. Tex R.ios-Freedman-Shayn Fo.lake Roos, laues' ready lo wear; 1*Wast Twenty-seventh Street; S. M»f< us& Rothschild.

DALLAS, .Te*;.. Kris & Rose; N. Kri.i,dresses, coats and suits, waists-; Pennsyl¬vania

DARBY, Pa.D. Phuman. toilet articles,phonographs; Grand.

DETROIT -J. L. Huilson Co.; Miss Con-I'ver, assistant coats and suns: Mis»Scollin, assistant suits: 226 Fifth Avenue.

DETROIT.D. & W. Shop; W. Williams.women's ready to wear, children's wear;Navarre,

,DULUTH, Minn..Rorbach-Bruen Co.: S.C. Rorbach, men's furnishings (wbolo«sal** Pennsylvania

DULUTH, Minn..Bruen's Apparel ShpptW. 1!. Bruen, women's apparel; Penn¬sylvania

HARTFORD, Conn..Sage, Allen & Co.J«7. F. Kuebler. silks; Miss K. Rice, rib-bens; t««4 Fourth Avenue.

JACKSON, Mich..The L. H. Field «'".fMiss M, Sin« «. coats, .suits, millinery,fas; F. F. Ingrain, inillni'*ry.lINNEAPOLIS -The Dayton

Tinto Co.Jmerchandise;

MINNEAPOLIS -The Dayton «"o.: Mir*Smith, coats and wraps; 22J l-'ifth A«.e-nu«.

MINNEAPOLIS Minneapolis Dry GoodsCo ; A. D. Bernard, silks, dress goods,linens; 4 52 Fourth Avenue.

MONTREAL.-J. Sllversteln, house fur-nishlngs; Herald Square.

NEW HAVEN.L. Eck, woolens; TarkA* anuo,

NEW T'AVHN..T. II. Statin, woolens, «Ot«ton piece goods; Park Avenu«-.

NEW LONDON, Conn. Abrams Co.; 3.Abrams, general line; Imperial.

NEWARK, Ohio- Jlcv. r-I.uaiuif Co..; C. H.O. Meyer, ladles' read> la v.« ar; 1570Broadway,

NORFOLK, Va..L. Jaffe, notions;' Pcr.n.sylvania.

OMAHA.Byrne A namroer Dry¿ GoodsCo.; M. A. Roecker, men's and lades'neckwear, embroideries and ribbons,handkerchiefs: 43 Leonard Street.

OMAHA- Ilérzberg Bros.; A. Herzberg,manager; 1270 Broadway.

PHILADELPHIA.WilliamWilliam I'into, generalYork.

PHILADELPHIA.J. Biggins, furnishinggoods: Imperial.

PHILADELPHIA.M. Gross & Co.; M.Gross, woe!« us; lis:'. Broadway.

PHILADELPHIA- \«.ai«.- & Co.; It. Sulz-bacher; coats, suits; Pennsylvania.

PHILADELPHIA -J. Miller, Sons & Co.JC. iv. Miller, furnishings; A. H. Miller,woolens; S. Miller, 200 l-'ifth Avenue.

PHILADELPHIA- O. I. Eckle. furnish¬ings, leather goods; Herald Square.

PHILADELPHIA.J. F. Frlde. produosjGrand.

PHILADELPHIA.M. Frank * Co.; M.Frank, woolens, cotton piece goods,silks; 1182 Broadway.

PHILADELPHIA -National KM ClothesCo.; Allen L. Greenberg, boys' clothing;

.. nnsyl «.« nla.PITTSBURGH.Frank & Seder; E. Frank,

jabs of georgette, trlcolette, crepe «!<¦<¡.-him« wals's. muslin underwear forbasement: Oscar Abel, 1« West Thirty-six'h Street.

PITTSBURGH.Boggs & Buhl C«.; W.Gold, domestics, white good* «uid lit?-Inge; 114a Broadway.

PITTSBURGH.Frank & Seder; E. Trank,waists, corsets, etc.; 16 West Thirty,sixth Street.

PITTSBURGH.Feldman, Arnon A. Co.;M. Feldman, fluor coverings; Pennsyl¬vania

PITTSBURGH.The Roscnbaum Co.; MissF. Llpslch, dresses; Alfred Fantl, 110West Thirty-second Street.

PORTLAND, «ar.. Weinstein Bros. ; A.Weinstein, spring dresses; ID EastTwenty-sixth Street.

PROVIDENCE.P. A. Merriam, wall paper.RICHMOND, Va..Wilkinson, Williams &¡Reed Co.; ('. <". Reed, piece goods; 25*Church Str.-. t.

ROCHESTER, N. Y..B. Forman & Co.;Miss l'ulhaire, suits and coat;, 255 FifthAvenue.

ROCHESTER, N. Y..Stbley, Lindsay «.Kerr Co.; R. W. Butler, laceä and '.'.om¬en's neckwear 432 Fourth Avertue,

ROCHESTER -Slbley, Lindsay & Curr: 8.Taylor, woolens, silks; Í32 Fourth Ave¬nue.

ROCHESTER.Duffy-Powers Co.; W. J.Stewart, cotton piece goods; 157'. 1 Broad¬way.

PAN ANTONIO, Ter..A. B. Frank Co.;A. Siegel, knit goods; J. B. Donovan andI! Ma«'-, pi ce g.Is; 43 Leonard Street.

ST. Lut!:-- Ely & Walker Dry Goods Co.;Miss I. Johnson, Infants' wear; B. II.Warner, gloves; 56 Worth Street.

ST. LOUIS.Scruggs, Vandervorl & Bar¬ney Co.; P. Helblg, furs; 225 FifthAvenue.

ST. LOUIS.P'ir. Bar & Fuller Dry Good»<7r>.; M. Stelnfcld, furs and fur trimmedhats; 1107 Broadway.

ST. LOUIS.Goldman Dry/Goods Co.; S.Goldman, dry goods: Pennsylvania.

ST. LOUIS.-Mlltord Garmept Co.; W. M.Sternberg, women's ready.to wear; 1133Broad way.

ST. LOUIS.J. M. Flshman. «Winery, fur-nishings; ip nnsylvanla.ST. RAUL Kleid Schlick Co.; A. Sudor,white good* aal linens; 1164 Broadway.TRENTON, N. J..10. S. Josephson, shoes;-Pennsylva nla.WASHING ON.Palais Royal; C. F. Wai -

n>-r, gloyi-s, handkerchiefs, underwear,leather a* ... bags, Bilks, umbrellas'; 57W sixth Stre t.WASHINGTON.Woodward * Lathrop; H.A, Leef, coats, Bults, skirts; 554 Fourth

¦=ÎLl:rCambnïgf==60 West G&.û StreetNear Central Park

The latest fireproof apartment Hoteli'j«; completed now open

Suites of 2 rocms or more

on a yearly lease unfurnishedSpacious Closets.

SrFfcKIOK KE.STAtRAXT.Also Doctor Suite, 3 room». main floor.Under sata.e management Hoi«)«Langdon, 6th Av 4 5Cth St..-K. H. CHATI LLQ5-,-

f:mm ftilg %nnForest Hi! s Gardens, L. I.15 Minutes (actual ru-r.inn tirnc)From Pennsylvania Station/.era: hi n¿ R R Electric Trains

,..

lore tiran '80 a-iirudully. lr .' ¦. :. el ..,

Irinfer Its " '. a II tyF. J. HAWLEY, Mgr.Ti-1 CD'i on,- U-t.«; vard 6590

HOTEL

Pew mmmtCentral Park West at «55th St.

Suites of

1, 2 and 3 RoomsFurnished and Unfurnisned

Restaurant a la CarteWM, F INGOLD. Manager.

Bafirt Gruí for Ladle» & CestiSPECIAL DINNER $1Bervr«! Daily 8 to 9 ¦¦iAfter-Theatre SupP,r, $1.21

'S « "lombas< Irrlrand r.ttb

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