The New York Times from New York, New York • Page 20

THE NEW YORK TIMES, WEDNESDAY. JULY 23, 1910. Exempt From All Federal IncomcTaxcs Herkinvcr County, N. Coupon 5 i Due March 1. 1920-24 Prices te yUU 4J0ft Niagara Fall, N.

4i I Due i Prices to yield 4.30 i 1 Seattle, 4c I I Due March 1927 I I Price to rW -70 Memphis, 4t i Due Mir 1. 1933 Price te rU 4.70 State of Louisiana Port 5s I Due July t. i i Price te yieM 4.75 i Portsmouth, 5s Due Nov. I. 1948 I Pric 101 wi lateral I Ardxnore, Oklahoma, 5s Due July 3t.

i94t i i Pric 101 and later I Denton R. D. 5s Due 1949, opt. 1929 Pric 100 and interval Brownsville, Texas, 5s Due t946-i9S5 Pric 100 and interest i i Dtcripltte circular upon rtqaeiL Thayer, Drew Co. Municipal Bond 111 Broadway, N.

T. TeL Rector S41S HE1IRY EVAHS QUITS CUBA CANE SUGAR CI i 1 Sells His Stock arid Resigns from Board. After Dispute with Chairman Strauss. SNARL OVER MANAGEMENT Evans Quotes Qeethalt to. Uphold HIa Chargee of anJ General Inefficiency.

Burkbumett i Extension the new Northwest Ex-j tension. Bufkburnett fool. Wichita County. Texas, there, were on July 18th, 87 pro-j dudng wells; 76 on the sand, 196 drilling; 111 derricks' without rigs, and 46 with rigging up. I Inability to handle this large amount of oil temporarily called a halt to continued development here, but in the opnion of the larger opera-' tots, rapid increase in storage, tank car and pipe line facilities should materially correct this congestion in the next thirty days.

JlRBrfdefordCa 111 Broadway few York' HI GLOBE OIL COMPANY i Henry Evans announced yesterday that he had disposed of aJ or the tk held ty his companies, byl Mrs. Bvafta and by himself. In the Cub Cane Surer Corporation and had resisted a a Director ollowlns; an exchange of tetters with Frederick Strauss, Chilrman of the board ef the corporation. "AC the same time he made public correspondent, covering- some of the more critical points brought out In the Goethals report on the condition of company and disclosed that bis resignation had been brought about by developments follow Ing the meetlnt of Cuba Can Directors at hich the Vroethals report waa referred to a special committee for consideration. Vir.

Evana wrote letter to Mr. Strauss on July 18 in which he touched upon the outstanding points In General Goethals' a report. This letter, made public by Mr. Evans yesterday, aaid: 1 I certainly Understood from General Goethals that UtUe or no progress had been made In the matter or building up an organisation and co-ordinating the management or the sixteen units through one central department." i The letter, whicn- em raced items ois-cussed by General Goethals and Mr. Evans, said that nepotism existed to an alarmlnc extent, that the auditing and accounting department was anything bvtt satisfactory, and mentioned that the en-rlneerlnr dfnartmp.nt was criticised.

Continuing the letter read I Mr. Evens next exhibit was a letter from Mr. Strauss. In which the. tatter paid that inasmuch as Mr.

I Evana had brought the points contained In his letter vp before the board, that those points were- discussed at lenrth in the orea-i enee of General Goethals, who pointed out the Inaccuracies contained therein." there waa no occasion for his answering Mr. Evans a letter in detail. I Mr. Evans then wrote to- General Goethals inclosing the letter front Mr. Strauss and asking the General to point out the Inaccuracies referred to.

General Goethals replied in part las follows With regard to Frederick. Strauss' letter to 6' on. dated the instant. I wilt rnlr follows! i The statements under the following headings In your letter on the lflth Instant to him are correct tack of or ganization and co-ordinaUoni nepotism. auditing and accounting, coet sheets.

engineering department, tens-year eon-tract. flve-yar fuel oil contract, lark of storage capacity, land values as against prices paid, (this referred to tha mills: no valuations of lands? were possible.) Western mills, Stewart property, and financial condition. With regard to the paragraph head ed Cnlonos. this Information, as stated by you is correct in so far las it was given by Mr. McGuire.

This was one of the rumors current in Cuba, but could not be hence -was not dealt with in the report. I Property as a Whole. Prospective profits could not be discussed, and had the first sentence been made to read. The statement was made I that the property as a whole was not likely In normal times to show large profits un der the present have been correct. TELEPHONE STRIKE it weuld OFF.

BOUGHT SOLD Specialists i. lX.mfe.ra Nw York stack ISachsas ItS Broad way, New York Cleveland and San Francisco Oper atora Ordered Back to Work. CLEVELAND, July operators who have been on strike here for the last ten days were ordered back today by Julia O'Connor, National rTesment or we ejepnone operators Union. In a telegram from Washington to Rose Sullivan. International Organizer.

In charge of the strike here. Acceptance of the strike settlement obtained by members of the Cleveland City Council in Washington yesterday and return to worn at once was advised in the telerram. A meetinc of the strikers will be held Thursday might for a vote on the question of returning to worn. SAU FRAXCISCO. July 22.

The strike of the telephone operators and linemen of the San Frsnciico fciay District against the Pacific Telephone 4 Telegraph Company waa called off today in responae 10 oruera irom me intern tional officers of the union at Wash' ington. I Other unions on the Pacific Coast had voted to return to work as the International officers tequested. The de mands or tne union are to con Stern Bros, Preferred Merrill, Lynch Co. Tradtas Dcpartaseac Fheae Reeter e0. Sibcfcs Bonds Menibers NewiTerk Stock Exchange 20 Broad St.

New York I Rector 24SO I BRANCH OFFICE M0 jOccaa West End. LISTED SECURITIES Bought! and Sold for Investment Conservative Margin Account B. H.1& F. W. Pclzcr Members N.

V. Stock Exchange 12 Broadway. Phone Brotd 6037 sidered by the Federal Wire toara. Control STOPS WORK AT OIL P4ANT. I Standard Closet Long Island Branch Because of Strike, Orders from the general offices of the Standard Oil Company yesterday were to stop all work at the Devoe plant in Lod(: Island city.

where the- workers went: on striae riday, demanding an increase of 11 cents an hour, The men were Joined on Saturday tht girts employed at the tin shop of the company. The orders affected the plants silled with the Devoe works alonsr th East River front and Ittvistou Street. The Pratt worka and thie ahlp-ping division in the Bliaevllle section are not vet affected. 1 The strikers held meetings In the ureenpomt section or Brooklyn and were addressed by speakers of the American V'ederstlon of Labor. Under thei direction of Police Captain McNally iof the Hunters Point precinct strong police ruaras nave oeen placed along the riverfront and on streets adjacent to the SHORT TERM NQTESl Hende ManTg Co.

Splitdorf Electrical Co. FIL03, BOLLARD SMYTH Umbrmtr, Stock Kvetmmem. 1 BROAUVTAT NEW YORK, reiepbsa BestUes; bm IS4S. Ksrk NshUi Tbesdsre C. Cervla NOBLE a CORWIN SurHy.

Rsta, Du. Arjre. Pom, ef Can.5 Dom. ef -om. of Can Norway Cor.

Prov. of Cru. 5 Ru.G.rubl...SH F.b.14. RuMlin Gov. IWt Swiss 1920 War Corp.

.8 ISS0 Cimpr Iasi Am. Cot. Oil. .7 1S1 Am. cot.

ou. Am. A. T. 1 Am.

Too 7 Ana. Too. Co. Am. Tob.

Am. Tob. Am. Tol Hth. 8.

Corp.7 fieth. 8. B. th. Corp.7 Both.

r1. Corp.7 Bras. T. U. A Power Can.

P. Ttr.e C. Ry.S B. Mil. Pn.i Tool a Chi.

P. TI.e C. R. ii v. t'oitti A B.I Fus.4 Sus.e Culhy P.

Co.T Del. A tuq. Krd. Fug. I.

Caelee Q. 7 V. Hn. Co. June Co 1019 1921 19'-'.

F.t.. 1023 1920 1819 19M 1924 1919 Nov, IS30 J921 V-t 1023 Julyift.vri July I Via 1910 Mar. 2. '24 1927 Jol19 21 OcU, 1921 1022 I9vu July. I02O 1921 1029 IBIS Pfoc.

A lm. CS rs4 Btt. Nat. Gty Bank Bankers Trust Mew Tsrfc Ob's Elevator Hercules P. PW.

TOepheM 1U1 Bread. Proc. A Pub. Corp.I Rorh. L.T Shawtnc eouibera 6ioe.

Corp. twlft A a l-nitse vt. a Ry. 19M 1921 iPii Mar, 1922 19ZI 103 Jaa Aug.lS.'Sl May, 1920 Pid. Pfi7, 994 eni 100 964 9 tea.

-100 90 10W4 loo iooi OI ir2S 1034 100 1004 103 10( PI 95-i 9X mV op', lei1! ll' 99 9H 07' tr.fc loot, lot4 IMS 9ti lOM 10.V4 1 100 I A.ft.Ttald 99i loo, s.no 8 97: 10O B.90 10.1 s.oo 100 OS 100i 4.S5 in! 100 lOS'1 B.73 10O4 S.BO IOOS 4.90 102 SAO IO314 6.50 IOT'4 ft.M 108', 6.00 KjOU 45 llXi 6 BO IO214: M.2l 102i S.23 NEW INCORPORATIO NS Special to Tht Xee York Timtt, AI.BA.VT. July rony-lrt bw. cor- orations with an assrrsats eapttaurauon 01 ware chartarsd toOay. Ibey in cluls: Pamasall. Cardona Sortca.

Manhattan, machines sad appliances. IIO.0OU; purico, T. Cardone, iucnoviia, bm -o at. Brooklyn. wnuam tteriiner.

Tne Manhattan. tilOes. Vina and leathtr, IS.OJO; W. Berliner. H.

I. Goldsmith. Haaaver. IU East hub unnM A. Manhattan.

an- ral m.rcar.tll. buslnaas, U. D. Peutfieh. 4.

Diamond. S. Rablnowlis. 1,189 Ureadway. Oajnbla's Tiro Manhattan.

S-V000; J. Jacobs, fi. Bornhalm. I.ST7 Broadway. Atlanlia Trading Maahatua, IS.000; M.

M. uoldiicnmidt, U. U. bchaap. e.

S9 Broadwar- eurerman. ucntenatein, sianaattan. realty. H. bllverroan.

T. and B. Llcbl.natain, S2T Brand Brooklyn. 1 Mtrraai Milla. Mantutttaa.

cotton good. S24.0OO; H. RoaanlAal, XI. aad M. Vialnrr.

2i Av. r. Urirrin A Jiaenattan. stiip-ina and forttareina. B.

J. M. Bul-m a. H. U.

Cbayney, K. Brown, ti Broadway. Vandsrvaer ReaitT atannatian. 00u; 8. Marion.

M. A. Vogal, R. Ual.vanta. 40 Naakira Rallabl Watch Mannattan.

w.uw; MocUevay, D. Ui.nfcr. U. Cohan, lio aasau ait. bt.

uouia car Aflvartiaing tan. IS.00O; W. C. Price. E.

Kress, o. Ueedman, 103 Lenoi Av. brookUa crostta llrlcK atannattan. J. H.

Burr. F. M. anwagmian. U.

V. Winn. U9 West 171st Bt. O. Thaiheimer oyracusa.

4,500 ahares praferrad stock. glO aacn; I.Ouu auares common stock, no par valuo: actlva SM-UfOt t. O. A. till- ITie Tltae Raaity Brooklyn.

A. fricdman, D. Otter, L. uordon, 1,662 baatern Parkway. ounllght Oaracr, itrooKiyn, aow.wv; A.

Kim. M. W. Kvana. M.

Waddall. 28 Cart laid Plaea. BrooKlyn. Jama. uieonm a oona.

inc. onw. wall paper. SMO.uuu; J. ti.

and J. H. and W. R. Cledhlll.

lS2d bt. CauiB bacaniore. rutnam, recrea- tioa camp. AJ0.U00: J. Ueew.

B. Upachuta. xo eax ui ot, axaiat kiien. inc. Buffalo.

IouO: M. L. and E. Beaumont. M.

W. comstock, Buffalo. Cwotral costume wannattan, aj.uw, M. Yaaa, U. Weinberg.

A. Baaa. 213 kaat lima e. Walter Wanaer Xramatlc Entarprlaaa, Manhattan. SlO.Ouu: W.

P. Wanctr. U. II. UcMahon, 1.482 B'way.

Musical Arts; ttufialo. nianag tha-atrva. t.00U; U. Beilaaca. U.

Michael, C. Kraft, liuffalo. Huff eelinc Buffalo, cattle. aLarts preferred ack. luu each; auarea common atocK, no par vaiue, active capital AjUU.utaj; W.

U. Means. R. C. Taylor.

Kaut, Burraio. -L'nitad Box 1m Brooklyn, canvas. leather end buckhem products, Sj.Ouu; B. Pomerance, B. Belok, H.

b. broerklna, 6b Mnle brookbo. Stook Citirtnt Manhattan, Stock Excnans. SXU.uOO; F. fctralv.

tL. V. U. Cox. U.

Domlnlck, 115 Broadway. Aachlari A Manhattan, olive oil. fS.OUO; U. and W. i.

Bamagottl, A. Con-tgitaro, iOJ Clinton Brooklyn. 1'lne tMCuntlea aiannaitan. atocaa and bonds. SdOO.OuO: M.

Kog.r. M. V. Flaherty. Bonyns.

T9 iaJi 1 na ion UroOalu. Ameropean Trading Manhattan, gen eral merchandise. kiOO.OtO: K. V. Harding-.

J. A. Uoo4wlii, U. A. White.

ISO Brvsdway. Dale TTadlns Manhattan, (oneral merchandise. M. caulay. A.

c. ItoaeQberg.r. U. Levy. Wast 21st bt.

iruxton Holdinc Msjinattan, realty. R. P. Brooks. 11.

J. C. and it. P. Jobeiman, 414 West 120th bt.

Knickerbocker t-xport and import Manhattan, (aneral mercbandlaa. S2O.0OO: 1. bcawsru. I Martin. H.

Hainios, JO West 2Tth Bt. Diel Watch Case Manhattan. 150.000: B. Laekow, G. C.

Woolf, J. M. Unmaiu a Bookman bt. Welilnstoa Cotton Cooda Convertlnc Manhattaii. 1150,000: Bluem.r.

is H. w.l back. A. Uavia, 001 Weat 113th St. Kerr Manhattan.

H. P. Heath. P. Wooowaro.

II. Knicht. 4S Weat S7th bt. Monawk Uobtr and Suodiv Manhat tan, aiuu.Ouu; Lepw. M.

and 10. M. (Lnute. Facitic Brooklyn. R.

Bmlih Textile Manhattan. 000; R. femlth, E. E. Blebers.

K. Rosenberg; iw orosoway. Sllnlk Auto Buffalo. 40, 000; W. Hsrahaft.

J. J. Akston. M. H.

Glowski; Buffalo. Tha W. A. and K. Bronx.

Sd.OOO: H. 1 Williamson. H. Andaraon. G.

b. Kiev; 1.11T Tlnton Av. Ludlura Appliance Colonla, metal product. P. A.

B. Armstrong. P. Cornmg. O.

Batcneller: Colonla. i Armstrong A Colonic, metal products, sata as Sweet Brothers' Paper Mtg. Phoonlx. w. Bradley.

R. and H. K. 6weet; PhoenU. Delk Reahy Brooklyn.

$23,000: 8. David eon, M. Lovatt. 8. Ilorowitx; 1 Madi-son Av.

i CAPITA INCREASES. Sinclair Oil and Refining Mlllbrook. number of shares, no par value, from I to S.300.000. and active, capital. $7.

600.000. Sinclair Gulf Miltbrook. number of ahares, no par value, from 1,000,000 to actl-e capital. $5,000,000. Tha ftteelo Rail Anchor Owego.

$50,000 to sioo.ooo. Pnat Plot urea Manhattan! $20,000 te Sioo.ooo. Rite rorm Manhattan, $79,000 to A. Reade A Manhattan. $33 Oon to STS.ooo.

Arthur Specialty Manhattan. fi.roo to io.oo. 8pangenthars Household Outfitting. Co. Buffalo.

$100,000 to 300.000. I CAPITAL, REDUCTION. G. F. Coahland A Manhattan.

$135. poo to i CHANGE Or" NAMB. McCurdy Roblnaoa Rochester, to Mc Cardy A Ino. I Tho Aero ProtactlT Association. New Jersey.

$100,000: C. H. Payne. 280 Madlaon AV. P.

Gratal Trucking New Jersey, A. E. Kn rman. 200 rifth AT. I Beaver Street Manhattan.

Marama Oo- -Buffalo. Industrial Otsttlllna Waterloo. Eugene Lancaster, Manhattan. Heeaa Edgarten A Gerard Manhattan. Weatem Counties Transmission Buffalo.

Coronet Cos me Manhattan. Manbel Trading Manhattsa. The Nupae Manhattan. Benjamin RutcMk, Manhattan. Whitehall Tobacco Manhattan.

Richard E. Luak A Son. Manhattan. i New Jersey gaerlal fe The Vorllt Tim. TRENTON.

N. July 22. Chartera filed: New Jersey Ens- Const. Co. ef Camden.

lO.O00: Wllkara of Oaklyn. R. N. Pleher and R. R.

Morrison of Camden. Rordnown Dairy Co. of Bordentown. $5,000: W. Klrby and Alveretta Klrby of niumoua and jasepn josepnson or uoraen- P.

B. trmm. H. E. Kno, C.

L. RImllnger of Wllmlnirton. Empire Coal R. C. Neddle- tery, Empire i.

L. Kdmunds, Hopkins. Monroe B. Laurer, Blrminaham. Ala.

Alexander Products, to conduct a order ami novelty buelneas, M. Rogers. M. L. A.

Irwin of Wilmington. Buckere Oil J. DFrock. M. C.

Kelly, 8. Mackey of Wllmlmrton. Mercliants' Co-ooeratlve fM.OTaJ: VT r. O'Keafe. Gora Steler.

J. M. Oowdell of WUmlna-too. Van Baeman UnMth A Martin. Inc.

ae-turiUm. P. E. McGotifh, Glea fclly. C.

E. Pratt, ts Van Beakman. Chlcaae. HI. J.

Beane A ecurttle of all kind. D. Frock, fi. L. Mac key.

M. C. Kelly of Wilmington, l. d. Myers A eutomobllea.

trucks, tractors. Ac. incorporsiors ssme ss above, i Amerlesn Celllns aot "tavedorlng rl tOO: P. r. H.

E. Knox. C. U. Rlmlinser of Wllmlnarton.

Banltsnr Cooler refrigerators, ceol. ers. PTank Mlchalskt. Patrick H. Joyce.

Walter L- Kla. all of MclCses-port, Penn. Co-ope retire Motor Co, $20f0O: P. B. Drew.

H. E. Knox. L. RImllnger of W'lmlngton.

The Game P. B. Drew. C. L.

Rlmllngar. H. E. Knox of Wilmington. EowUabls garurltiee S10.0OO; John A.

Bchelllna-. Mabel T. Krta. RM Fulkman, Grafton, penn. Wilmington Electric Appliance $10,000: P.

B. Drew, C. L. RImllnger, H. E.

Knox ef Wilmington. Ford Dealers' Asen. ef Philadelphia, S8.00O; P. R. E.

M. MacParland, J. V.rnoa Pimm of Philadelphia. INCREASE IN CAPTTAL. Truet of Alabama, from te Ssoo.ooe.

100 (Ntli lonu 10014 I0l4 lOtHi innZ G2 ,101 fn4 ariv. 100 ino 9 16.63 97 101 '4 S25 a.oo 5.15 7.15 ID e.oo B05 a. 75 s.ett a 7 .25 10 s.5e e.v. 102H 91 101 loon loiu, 10OH A.00 a. 25 pra S.2..

$.80 V- R.SCO.T 7 I23 W. E. A ran. IS' yiab ft. Corp.

Sep. 1V2J PO f.70 l' 100U 43 Delaware Charters. 1 Fp'cial fo The At York Time. DOVER. July 22.

Charter! filed: Indian Packing live stock and the caantna of food products, Ac. S42 A00.00O; M. Draw, C. U. RImllnger.

E. Knox, of Wilmington. Magna Oil and Refining 110.000.000: Applaman. A. J.

Lewis. J. Olaan. all of Tulsa, Okie. Sunset Copper Mines 33.000 000? Ssmuel B.

Howard. Oeorc. v. R.llly. Robert K.

Thistle, all of New Tork. Rallmaye Electric Equipment $2,000 000; Henry McCarthy, James P. Bo hen, Herbert W. Andrews, all of Philadelphia. Goldana Minee.

Consolidated. $2.000.. OOOs W. r. O'Keefe, Oeorga O.

Stelgler. i. H. iDowdell, of Wilmington. Tenneseee Lumber and Coal Products 12 000.000; J.

D. Frock. M. C. Kelly.

8. MaCkey. of Wilmington. retrolt Real Estate Security gl.TMI.-OOOt Frank J. Whitney.

Thomas T. Hol-llncer. Horace H. Lane, all of Detroit. Tf e.M!!f ETpori lour rals.

Ic.i L. Braunaman. A. Spotta-wood Campbell. J.

Herbert Harrison, all of New Tork. The United Metals to manufacture and purchase and sell metals ef all kinds. W. I. N.

Loftand, Frank Jack-son. C. Harmonsen of Dover. Texas Bankers' OH $1,000,000: Drew. C.

L. RImllnger, H. E. Knox of Wll-mlna-totw Nicaragua Mining i- Vtmon rimni of Philadelphia. Ranker and Burk-Burnatt Oil Co.

No. $1,010,000: Ferris Giles. M. M. Locey.

C. Helllga. H. E. Knox of Wilmington.

The Knox OH $700,000: p. B. Drew LI Rlmlinser. H. E.

Knox of Wilmington! Praaer Oil and Refining $830 0)0; P. nirallnger. K. E. Knoi of WHmlnaton.

Tha Black Circuit. brokers and s-llln 1 asenta for picture fllme. SAOuoni- i corporators same as above. BwV ioy c- F. R.

Hanaelt. E. M'. M. eFartand.

J. Vernon Pimm. Philadelphia. Masters dyes, ehemleala. $300 OoO Incorporators same ss above.

Cosmopolltsn Cosmetic medicines Compounds $250,000: Robert A. Van-yoorhlss. Ssw Tork; William E. 8rh.ll. Bioklyaj Arthur Roakley.

Peart niver, Belen Quaaada Mer Palp Henry W. Pollock. Adolph A. Bcnoewla, Irrtna- Berser. all of New Tork.

a A'nnJi1: ore. jvenier. i'aia aierkei. tia-juni, N. Y.

Charles Oilman. Ciena Falls. N. I Am. He an Purchaalng goods warea.

and $100,000: tXO'U, Georsa G. AtetgJerT ef WIlminrtM. Charon fcprtngs real estate, THE MARINE TRUST COIVIPANY BUHfALO.NiY. i .1 SIXTY-MIKTH YTAR OF SERVICE i CAPTTAL AND SURPLUS SEVENTEEN idUiON DOLLARS RESOURCE Investors' Manual I Coataiiu teirtplelt up-to-dalc atahttica a Copper Stocks Motor Stocks Independent Oils A Copy Frt on Request We specialize ia all high grade Curb Securities aad invite order for csah or cotuenrstive margia. 1 EstablUhed 1908 111 'Broadway New Terk American Brass American Chicle New Jersey Zinc Niles-Bement-Pond Otis Elevator fi 'Standard Screw Private Wlrea te HAmTTOD HlIJoUSOTO? TOBOMO 1 filial ucir-ril ISBIOAI ft mrmut mi stock kxchancc I AMD N.

COTTOa CXCMANOg. 5(3 2 Swift Co. Rights 7 Shippee Raw son Membera New Tork Stock Escbange 111 Broadway New York fefepftena 5740 Retlot Wm Art tpeciaUmf in th STeeurttira NORTHEASTERN PENNA. I 1 I anil SCRANTON J. Brooks Co.

lembers Tor Stock Esckeape 423 Spruce Scranton. Pa. Hazreton, Pa. Wilkes-Barre, Pa. jrrtf Wire fo Our York I Correepeiiaenta EDWARD B.

SMITH CO. Afrinkers Tey-k and rhilm. I Afecki BttSangt Fine Btreet. Pbeee Jeha $35. Ghase Nat.

Bank STOCK I CLINTON GILBERT T. TeL 484S Reeter Syndicate Ltd. Shnman Seligmann Memetrt nt rot Sloe Etching 30 Bread SU N. Y. TeL Broad 7270 I Hfe Tewr reevtrv en tike CELLULOID CO SINGER MFG.

CO. HENRY BR05. CO sfeaisere rer Stock ITrcAns. I.JOHN M. MILLER 790 Broad Su Newark.

J. i I'll Breedwar. N. T. Westchester Fire Ins; McCLURE.

JONES REED AVeatkera A'eio Tork etecfc Errhaaee 11 Beaadwar rbae ISM Ssetaw 1m 'v i r' i. (HoTiWO assw a as leum $2,000,000 jTT ipany, -eaw aa aksr WAAAAAA Seven- Per Cent. Ciimulat ivo Firit Preferred Stock (Share of $100 par ra.ua) Preferred both as to assets and Jlrulend. Redeemable at 167 end accrued dividends. ax.

IllC; 4 Dividends Exempt from the Normal Federal Incc The following information is summarized from a letter by Mr. Frjuik B. Foster, President of the Company: i 1 CAPITAUZATION Authorized and OntjUndiftf First Mortitage 7 Serial Cold Notes. $1,000,000 7 Cumulative First Irferred Stock 2, 000t000 8 Second Preferred Stock .1,000,000 Ccmmon Stock (no par value) 4 30,000 ahares Busine -Tht Coiwr manufactures printed flcor-coverin Droteeted ty "patents in the United States and principal manufacturing countries of the world. -1 Its production today is probably larger than that of any other manufacturer of printed floor covering in the United states.

4 Properry--Congoleum Company, Inc. has su cceeded to all 'the property and 'assets, of the Congoleum Company heretofore owned and operated by The Barrett "Company. The. Barrett Company retains a very substantial, interest in businessi manufacturing plant near Pennsylvania, consists of Jwenry-eight brick and steel buildings of substantial construction, supplied with the most modem equipment Property includes twen- ty-six acres of land and ample opjx)r tuaity for further enlargement. Asaeta Net assets are equal toZl 2 for; ea ch share of First Preferred Stock, and even, with Patents, Trade Marks and Good-will which are considered veiy valuable, entirely eliminated, there are net tangible assets equal to $162 per share.

Earnings Average annual net profits for three years, after making provision for interest on outstanding notes, are equal to more than twice the annual dividend requirement on the First Preferred Stock; and for the year 1918'more than four times this amount. a Sinking Fund Company will set aside each year, beginning December: 1 1921, $50,000 out of surplus profits after First Preferred Stock dividends for redemption of this stock. Larger sums may be set aside as conditions warrant Other safeguards for the protection iof this stock have been provided for. General -A wide market for the product of the Company has been developed and a tinued large business is anticipated The management is ih the hands of experienced and progressncc men, most of whom have been responsible for the. development of the business.

1 JaJ lnar to the organisation ef the Company and lasaenee ef thla etoek hare fceea appreaA kr Ckeedle. Conn.el. The Company-a properay has base appraise by kteesra. Richards A aceoigstaata -aad engineers, and the accounte have been by Messrs. Arthur Tseng At certUled poblte accountants.

Price $95 per share and accrued dividend circular en request A. B. Leach Inc. i In vestment Securities 62 Cedar New York Chieagro Baltimore Boaton 1 Scranton Philadelphia PittsbuiiTh Buff all Milwaukee Cleveland Minneapolis 1 I I i i. II BVrTTaaat aaasi new liiut.

Exempt from all Federal Income Taxes City of Elyna Ohio 5 Water Works Bonds Dated July I. 191 Due Serially. Coupon Bonds 11.000 denomination. Prlnetpal and aeml-annual Interest (Jan. 1 and July 1 payable at the 8.

Vertsage A run ya, Tone. I FINANCIAL STATEMENT 'Assessed Valuation Bonded Debt (this issue included) 1.545.631 Water Sinking Fund 149.589 Net Debt 499.542 Ratio of net debt to assessed valuation about 1 Population. 1910. 14.825 Population, present estimate, 20.000. MATURITIES $10.00 Jaly 1.1925 10,000 1.

1930 10,000 1331 10.000 1, 19S2 10,000 1, 1933 is.000 $15,000 Jaly 1, 193S 20,000 1, 1930 W.0C0 1,1937 20.000 1. 190 2S.000 -w- 1, 1939 23,000 1. 1940 125.000 Jaly 1. 1941 2S.000 1, 1S42 2S.C90 1. 1143 25.000 1.

144 30.000 1. 1945 30,000 1. 1940 Price any maturity to yield 4.65 Legality to be approved Messrs. Squire, Sanders 6 Dcmpscy of 1 Cleveland. Ohio Toledo STACY BRAUN 1 5 Nassau treat new york Clacuaaatl A MAGAZINE FOR BUSINESS EX: The Annalist, published by The New York Times Company, is a treelily maa-aiine of finance, commerce and economica every banker and broker, for any man who owns a business or it Intrusted with tho affaira oi ioc on news stands, a year.

The Chain Store ftr it Success a I 1 he success ot the well-minaged cham store organizsQoo jmay be traced to the following factors: It operates hundreds of stores upon a definite plan of organizstion. 4-2 It buys for cash and ii thus able to purchase a multitude, of standard commodities at 1 prices much lower than those quoted to the small retailer, i 3 It sells for caih and thus eliminates bad debts which are the cause of many failures among small retailers. These factors accrue to the advantage of the holders ef chain store securities. hat prtpomfi circular describing ektnn it or preferred ttock xvkUk are mill be fUH to to imveetcr vpo req4tl for Circular D-tK. Merrill.

Lynch Co. 'Members of the New York Stock Exchange 120 Broadway, NVw Vork CUcago Detroit Craael ILaka La Amgda. i Colonial Tire Rubber Circular on Request ALFRED R. RISSE Specialist Co. 50 BROADWAY BROAD 5204 1.