The New York Times from New York, New York • Page 23

i- I If' III PLAHHIHG jjjBB CELEBRATION York Commissioners Object 5 Having Ceremonies in Jersey City. OPPOSITION TO TUNNEL" Civic Bodies Go Ahead With Arrangement for Exercises When Ground Is Broken. 2a to remtfve the many obstacles to eeitbntioa la Jersey of the ittnf ot srounq (or the New York Sew Jersey vehicular tunnel was chief topic at a meeting of the New imey Commission yesterday. July 22 j' paea set for the celebration, but may be changed because the pobera of the New Tork Commission te to far refused to pay any share i( ae tout or to take part In the eere-rsaie Tils refusal Is based on the assertion gut tha Jersey City official are op-fnati to the tunnel, that they have re-barf to approve ordinances for the offitoa of certain streets, and that re-tectly they prevented the erection of "a fcf and i field house required' in shafts. "It was unofficially atti that tha-tew York commlaalonera only opposed to a celebration in tha would be to en-Une the political prestige of officials have frequently interrupted thei ixsd work, but that they would Joy-i-iy join la mating successful a cele-vt ioa snywhere else in New Jersey, -fla Chamber of Commerce of New Jtrarf and other civto bodies are mak- arvparauona ror a celebration, the bavin appropriated.

SSOO for. wts proposed that subcommittees cf the two commissi ops try to strairhtea it it lbs controversy and have New Tork jc ji In the celebration. The New York pmEitte consists of Commissioners J.oonilnrdale, Bhamberr and Dyer: and ir ew Jersey committee of Commia- i t-mm Sinclair. Bovlc RnlfFr. argument was heard by fsceUor Walker at Trenton on the txporary injunction obtained by the i Jersey Commission to prevent the City authorities from interferinc rr the tunnel work on the New Jersey A decision is expected this police of Jersey City prevented i-odj A Minn.

Inc. from construct-ff bull dines needed In the work because ptrmlt had not been obtained from local authorities. Commissioner Psri said that the permit would have fc-1 granted if application had been 4 to the Commissioner of Public W'W. He a.dded: Jibe New York Commission appears making a mountain out a Jersey City haa never opposed the i -Snm of the tunnel and will not ot- c. it.

no matter what the decision of tfeoutt Is." it said that Jersey City was as much rii'Jed to a celebration to mark the iUmf ot ground fer the tunnel as N'T or, that the New York Comnlf fr-i ouarht to nay half of the coat, and U.1 so far as he knew there would be I j. oration no matter what opposition raised to It by persons living- in Vt The two peace commit' t-4 are expected to begin conferences two commissions concurred vester- fcf in appointing E. Morgan Barradaie tMiataat to Cbier Engineer Holland ih iMiOO a rear. Mr. Barradaie was Jnjerly Secretary of the" New Jersey tttasssjon.

ticORATES TWO ENGINEERS ifi France. Makes Col. A. S. Owight and Charles F.

Rand Chevaliers. i Tyo engineers of this city have been nas Chevaliers of the Legion of Honor kr the French Government, it was yesterday by Gaston Liebert. fteh Consul General. They are Col-Arthur S. Jwight and Charles F.

EiSnS. President and respec- 9tM. of the American Institute of i and Metallurgical Engineers. cross of the order, bestowed for ti'ififutahed service during the war. be roof erred br M.

Liebert at a haseoa in the Engineers Club on July S. Owtrht. helped organize the fatl Reserve Engineer Kegiment. which Eleventh Knglneers was the first of the American Expeditionary Fmos to go into action. He was deemed with the Distinguished Servire fcrijr by the British and was -Jted in VI by General Pershing.

If. Rand discovered large soft iron "tjSepoeHs on the north -coast of Cuba ash built the Barraco Railroad there, nii King Alfonso XIII. of Spain dec-him with the Grand Crew of Kc sM Commander of the Order of Ufclla Catoliea. FINANCIAL NOTE 8. fyi E.

Pmrmly, fmwrljr of Fnelpa oeiate'J with the boa4 deparuuent tuaborxa Bretlters. VlM. Piwtua a Co. have issued rr-weriMfig lf htrrn aetoeUd New Jf-PmihxI vania, DcUwtn and North wtoa BMdicipal boni issues, with their "wptioas. suturitlM and ytelds.

wtiiJi Irom 4 per emit, to OjBO per cent. t. GlUias has become associated with Co. ks3Hs a'Fradler of 120 Broad war a-J'wim that thir telephone numbers havo fhangad is Roc tor M5. HW aad W37.

m.Uy Broadway, an-Otm opraln of a branch ffW-e at Ewt rwty-nintb 8lrwt. under the man-i'm of Joha Lee Hall. Caatham and Phenl National Bank appointed registrar of S10 OOO.tKRJ sturk of the ConaolidaUsd Machine 'iponajr of America. K. Gardner, formerly with ifa and.

Osvenport lr.gn. for-la th bond, d'partmmt of Win a av formed a ander asm of Cardner. i a tra-aet an InvesUiiem security buainesa (I; Broadway. r4rSe. Hoffman.

Vk President of the Atlantic and Pacific Tea hW etect.i Lirector of the Chase ilesi Bank. J9 f. Koimtze has been admitted trta of Kountia Brothers as a general Esuitable Truat Company of b-n srpointed rcgirar of th JJot. tlss Visualatone Company of rt4 B. Greene, formerly a member of T.

hrm of Cornell. Ux-kwood a Jeffery. rlfS C. Alverni. formerly ot Bond '-Wain, have loined the bund Ucoart- CUrk WiPiama a Co.

fOREIGN SECURITIES. 4 BIG RIBBON MAKERS IN $5,000,000 COMBINE Cewiin, Walter Em- a a menen; iremonf Mills and Bay View Produce 200,000,000 Yards AnnnaUy Announcement was made yesterday of the consolidation of four of. ih. ribbon manufacturers of the country. They are Jphnson.

Cowdin It Co Walter Emmerich Tremont Mills and the Bay View Ribbon Company. The deal involvea approximately $5,000,000, and the financing incidental to the merger wllf be handled by a group bf Investment bankers headed by Merrill. Lynch Co. The executive officers of the nw com pany will be chosen from Brice P. J-Msque.

John Cowdin and Samuel Keller Jacobs, who have been the active heads of the old companies. The companies, named and their subsidiaries, according to the statement issued by the banker, rank fimnna tha largest manufacturers of the country' in their respective fields. The combined annual production of the consolidate! company is estimated at upwards of zun.uuu.ooo yards of "ribbon annually. All grades of ribbons are represented the consolidation, the best known product being the advertised lines of Johnson. Cowdin ft Co known under the trade names of J.

Satin de Luxe. iverside Hyglo. Lyka- dreme. "Walter Emmerich it Is stated. ie the largest exclusive narrow ribbon hOUR In Ih.

ITnitl 1 m. aim um combined companies will rank as the wnorrn ine woriu. Earnings of the four companies In 1921 approximated $809,000. RUHR MINE PEACE SOUGHT. GermaQ Labor Minister to Strike.

ESSEX. 'July 11 (Associated Press). The Government Is taklnk steps to avert the threatened strike ill the Ruhr coal mines. is Indicated by the arrival here today of Minister of Labor Prauns for the purpose of opening new negotiations on the disputed Questions. The unions" Instructions to their workers provide that all notice be given in by next Saturday, to be followed by a general laying down of tools on Aug.

1. Final decision on the part of the miners rests with the district conference to be helj at Dortmund next Friday. The crux of the situation appears to lie in the- workers demand for more extensive power in 'the labor councils of tne mines than the law at present admits. The question of wages enters as subsidiary to this point, and concerns not so much the rates of pay as the time pf payments. With living costs rising daily the workers ivant their wages fortnightly Instead of monthly, in order to meet fluctuating household expenses.

They also demand a hlhger scale for piecework and a more liberal allowance of coal for personal use than is now prescribed. BRITAIN FAVORS US ON OIL Churchill Says Mesopotamian ploitation Is Held Up. LONDON. July 11. Again explaining and defending the Government's policy in Mesopotamia before the House of Commons today, Winston Churchill, the Colonial Secretary, aaid concerning the oil question that the Government was not completely master of the position, because thrs were certain rights which had not been recognized by the United States, and the Government was not proceeding in any brusk.

Inconsiderate or domineering way in dealing with this matter. On the contrary, it was making the utmost efforts to arrive at an amicable agreement with the United States upon the interpretation to be placed on pre-war concessions given in Mesopotamia and In the meantime." he added. we are not proceeding -with development of these oil fields because we do not desire to give the appearance of greedy exploitation of properties about which other great and friendly powers manifest lively COMMODITY PRICES: Advances Reported in Grains, Sagar and Lard Year's High Point for Sugar. Prices moved forward In yesterday's cash markets, wheat, corn and oats showing: recovery and gains from recent weakness, refined sugar going up to C.6 cents the pound, a new high for the year. Middle West lard was in demand at an improved price of 11.5 cr-nts.

up 25 points, while spot cotton gained fractionally over Monday's level. Slight recessions were registered in coffee and tin. while the dairy products, other provisions afid metals were firm. Following are the cash prices for the principal commodities in thto wholesale market at the clone of business Tuesday, a week before and a Tear ago July 11. July 3.

July 11. 1U22. Id22. 1921. $1.34 7.T.".

.77 .47 e.75 FOODSTUFFS Whaat. No. 2 Corn, No. 2 Oats. No.

a Flour, 8.25 Coffee. No. 7 Sugar, granulated OUi Mult.r, vream. Hi score ksca. frvan-Rathered firsts, per doren 26'i Lard.

Mid. I'nrk. meaa 3.0( Beef, family 17.W METALS Iron, tX. fhiladelphla.2S.23 Hteel billets. Ittta.

kel 5.75 Copper 13.73 Tl" 31.25 TEXT1LKS Cotton, mid. 22 1 Printclotha okk. Rang of prices for year to data HI cheat Apr. 22 i.i jaa. 3 May Jaa.

3 i May lii June IS Keb. 27 T.21 Jaa. 3 il .09 jaa. 21 July II .40 Jan. 3 Ian.

io .54 Jan. .2.1 Mar. 7 ...12.8.1 Feb. 28 r.4 Jaa. 3 Juiy Jaa.

24 12.o 17.0U ro.2.-, 33.IN 6.75 12.W 24. IW 14.O0 S3.0l 4...0 12.30 30.u2a 28.00 23.75 12.70 Wheat Corn Oata Hour Coffee Sugar Butter Kiga Uard Pork Beef Iron Steel Lead Tin Copper Cotton Printclotha Mar. 27 14.00 Feb. Jma2 21.2 liar. 17 .35.00 May 18 28.00 Jaa.

10 n.n-i June 27 4.W7VJ Kab. 3 Jan. 12 Mar. 14 .13.87 June 6 12.50 Feb. 21 23.75 Julv ltt.45 Jan.

30 .06 July 10 Fab. 3 Nelson Rockefeller Doing Nicely. Kelson Rockefeller, fourteen-year-old son of John D. Rockefeller who is confined in the Presbyterian Hospital with a rifle wound In his right foot, was said last night to be doing -nicely." No announcement was made as to when the boy would be allowed to go home. Moon Motors Listing Sought, Application has been made to the Xew Jork Stock Exchange to list the shares the Moon Motors Corporation.

The corporation's capitalization consists of 154.SU shares of non par value common stock and $311,400 7 per cent, cumulative preferred stock. PRODUCE MARKETS. BUTfKfWRecelpts yesterday. 19.2o7 pack-area. Trale only fair and fee I Ins still a little unsettled, though tend Ins to eteaduteas on the fine sradea.

Full auppllra of secondary gradea. and tn were offerlnc very freely. higher than extraa. pwnd, 37atr.e: extras. H2 srere, 364uXt7r; Ilrstia.

seconds. S2tta3c: lower trraaee. oVUolty: centralised car. HO arore. 34ie: 89 arore.

34e; acore. 87 aeore. THXic: unnalted. hlsher than etra. 30.W,c; extraa.

12 arore. A J. firata aeconda. lower grades. 3m32V: rUate dairy, tubs, fineat.

64i.16Vc rood to prime, common to fair. JU34e: ladles, rurrent make, extras. 313H2C; firsts. aennds. 627r: lower grades.

2-2e: paokinc stork, current make. No. 1, 27c; So. 2. 2W2Uc; lower srades.

22r2T-. tXKSS Kecelpta yesterday. 33.033 caaea. Market la-faupplied with medium and ordinary Ktrtrtly fine to fancy goods held Ready. Near-by white eata cleaning up fairly well at Irregular price.

Pacific Coaat atock la conatderable accumulation and out aido quotattona extreme. Freah gatherad, extraa. dosea. S14t.TJc; rerul parked. extra flrats.

27a630c; regular parKeo. nrata, zj-HVCi aecnada and poorer. 2o24o; trade eaa-a, Wa'tte: dirties, regular packed. No. 21s21VkC: No.

2 and pcorer, l7d2Sc: checks, poor to choice, dry. lDfeZtNfrc; New el aey hennery whites, candied, extraa. 44c; uncandlad. extraa, 41 4 43c: near-by Hennery whttea. extraa.

local candled. 44c near-by and near-pr Weatern hecnery white, aeeraaa extraa, 40Q41C; extra firsts. firsts. 3tu34o; rear -hy gathered whites, ftrcta to extra firsts. 7f'it undenrradea.

2SA2fe: pulleta' 3tS 34c: Pacific rvst whttea. extraa. 40941c extra flrata. rit ft rata. 3 I'd un dercradea.

2MrOc: other Weatern and South era gatliered whltea. 2Tfe32c: neax-by and near-by Wertern hennery browns, extras, near-by brown and mixed colore gathered extras. -31 32c: firsts to extra tlrata. SMstrlOc. Exempt from all Federal' Income Taxes $500,000 St.

Louis County, Minn. 5 Road Gold Bonds Due Jasaary 1. 1931 Dated January 1, 1921 Coupon bonds in $1,000 denomination. Principal and semi-annual interest (January 1 and July 1) payable in cold coin at the American Exchange National Bank, New York City. FINANCIAL STATEMENT Real Valuation, 1920 $873,310,615 Assessed Valuation 418.641,839 Bonded Debt (including this issue) 6,726,651 Bonded Debt leaa than 1 of Assessed Valuation Population, 1920 206.391 ST.

LOUIS COUNTY has the largest assessed valuation and the third largest population of all the counties in the State of Minnesota. The major part of this great assessed valuation is accounted for by the large iron mines and ore reserves of the United States Steel Corporation, the Republic Iron and Steel Company, the Great Northern Railway and many other large interests: Located in the County are the famous Mesaba and Vermilion iron ranges which alone produce approximately one-third of the world's supply of iron ore. Duluth, the county seat (population, 1920, 98,917) is situated at the head of navigation onthe Great Lakes and has one of the finest harbors in the world. Its trade in iron ore, grain and lumber is very large. Price to yield 4.40 Legality to be approved by John C.

Thomson, of Nno York City. Barr Brothers Co. 14 WALL STREET NEW YORK Telephone Rector 4SO0 AH statements contained in this advertisement, while not guaranteed, are taken from information which we consider reliable and. upon which we based our purchase of these bonds. 1 ff''" "'H-y 111 -rl I il IV 4 I 3 il lulte.

.4 rt-w BM. Asked. 192S-24 2 JSM. fKf 13 54 el 7fS 13 i i hi w- lfiJH B4 KT 1 irJ'i 11-4T 8T4 I 'Ij; 5 1M7 IW'i I cST I1W3 1T Jflia 1st 5 1911 9 1P13 3 67 'iCaw" f- lfll "2 )Pr225- f'( il rraH.C If41 tA 1 kjTitr M-y. R- 't RaTT'1 ni.

''i 2 Hk June. IHTJ 1 ltiu, Cl'r Bnk etfe.l IS June. 1010 ITV 4 1I4 4 Juiv. in-', 5.1 if 4 S- SS W. 4 w- lfijn l-TtJW- B-.

5 11-4T r. 1M7 120- I litfi 13 43 JPIV 10 7i 94 '1T an ar S'l- 19 ir irr." 74 New Issue 1 $300,000 City of Waterbury, Corin. 4 Vz Water Bonds Due SerUDy, $10,000 eich year to 1952, incluiire Coupon bonds in the denomination of $1,000. with the privilege of registering in fulL Principal and. ae mi -annual interest (Jmry 1 and July 1) payable at the First National Bank, Boston, Mass.

Tax Exempt in Connecticut I Exempt from all Federal Income Taxes A Legal investment for Savings Banks and Trust Funds in New York, Massachusetts and Connecticut FINANCIAL STATEMENT Assessed Valuation $131,247,165 Total Bonded Debt Water Bonds $2350.000 Sinking Fund 215,000 1 3.065,000 NET DEBT 6,396.000 Population, 1920 Census. 91,410 PRICES Maturities 1923 to 1940 to yield 4.15 Maturities 1941 to 1952 to yield 4.125 Estabrook Co. New Ysrk Putnam Co. Hartford Lafal Invtitmtnt for Savinrs BanWa arW Trtist rela Exempt from Taxation In N.w Vorlr Stat arH from all Few1 lr-rre NEW ISSUE City of Jamestown, New York fCiJ School District) Coupon or Registered 4.50 Bonds Dated July 1, 1922 Due July 1, 1928-1948 inch Principal and a mi -annual interest pajrabla at Guaranty Trust New York The School District is coterminous with the limits of the City of Jamestown Population 1920 Census 38.898 JAMESTOWN, tha metropolis of Southwestern New York and 13th largest city in the State, is located in Chautauqua on the main lino of tha Erie Railroad. Jamestown has a treat variety of manufacturing plants, wooden and metal furniture, woolens, voting machines, pianoa and automobile parts being the chief products.

Jamestown is the trading center for the surrounding rich farming end dairy community. AMOUNTS, MATURITIES AND YIELDS $45,000 each year on July 1, 1928-1936 Yield 4.20 45,000 each year on July 1, 1937-1940 Yield 4.15 82,500 each year on July 11941-1942 Yield 4.15 Descriptive Circular on above and various other tax exempt issues yielding 3.95 to 4507c sent on request. CHERWDOD VjpECIALl5T3 IN 1 luKllClRAL. BONOS 130 BROAD WAX- Southern, Petroleum "Output It is estimated that 57 of the petroleum, in' the United States, or 36 of-the world production, comes from Southern wells. In 1920 this production had reached 254,239,600 barrels from seven states south of the Mason and Dixon Line.

Petroleum has become one of the necessities of modern civilisation, and the territory which produces it is assured of a constant source 'of, wealth. This is but one of the great industries vl of the South which has caused its wonderful development in the past ten years. This rapid growth has created new demands, for capital. As with all growing communities which secure capital from the outside, "the bonds issued of necessity pay a higher rate of interest to the investor than similar issues of equal quality in the North and Bast. Detailed information on Southern municipal, public utility and corporation bonds upon request.

Hernia Bank Truit Co. Tr-Y Nt OrUent-LaMne 1 HiberinaSeciirities. Compazine: ydcphoiuJobiTyoS Wc take pleasure in announcing' that Mr. Herman D. Kountze has this day been admitted as a general partner in our firm.

KOUNTZE BROTHERS July 11. 1922. TAX FREE MUNICIPAL BONDS EXEMPT FROM ALL GOVERNMENT INCOME TAXES $500,000 STATE OF NEW JERSEY Highway 4l4t. July 1, 195237 200,000 COUNTY OF ATLANTIC, N. Road 5s Apr.

15, 1925-26 145,000 30R0. of CHATHAM, N. School Mar. 1 1925-62 48,000 B0RO. of Glen Ride, N.

Sewer AlZ June l9 1925-62 33,000 QTY OF BAY0NNE, N. Water 5s June 1, 1928-39 68,000 TWP. of NORTH BERGEN, N. School A34t. 1, 1923-62 69,800 TWP.

of PALMYRA, N. School 5s Jan. 113,000 B0R0. of SWEDESB0R0, N. School 5s Jan.

1, 1932-61 72,500 BOROUGH OF KENILWORTH, N. School July 1, 1924-61 275,000 WARREN COUNTY, Ro.tUs.'. Aug. 1, 1923-48 85,000 BOROUGH OF BRIDGEPORT, School 44s. July .1, 1932-51 400,000 BRADFORD COUNTY, Imp.

5s Oct. 1, 1930-46 110,000 CITY OF ALTOONA, School 43As 1, 1928-42 40,000 B0R0. of Fountain Hill, School June 1, 1952 36,000, B0R0. of Clifton Heights, Imp. 4l2.

Aug. 1, 1952 25,000 TWP. of CHESTER, School 4l2s July 1, 1952 29,000 TOWN OF NEWPORT, Imp. 5s Jan. 1, 195535 79,000 BELHAVEN, N.

Water and Sewer 6s Sept 1, 192344 Wl. M. FREEMAN CO. 421 Chestnut Philadelphia Phone Lombard 0710-0711-0712 4.00-4.25 4.20' 40 4.20 4.35 4.40 4.60 4.60 4.60 4.05 4.10 4.125 4.15 4.20 4.20 4.25 5.125 5.60 References Required Bank and business references are required before announcements are accepted for the Business Opportunities columns of The New York Times. Reward of $100 for information leading to the arrest' and conviction of any one who may have obtained money under false pretenses through a fraudulent advertisement in The New York Times.

Exempt from ill Federel ncome Taxaa a $100,003 City of Covington, Ky. 4 Fcndb Bcnis Dated Aasvst 1, 1922 Doe SerUSy Principal and semi-annual interest. February 1 and August 1. payable in New York City. Legal iBTestzaent for Sarian Baaks aad Trast Fsais ia the States of New York aad Coaaecticct FINANCIAL STATEMENT Real Value of Taxable Assessed Valuation 0a4 Net Bonded Debt (less than 2A ot Assessed Valuation).

S31.S34 Population, 1920 Census. 1921 (estimated) ....6000 COMNGTON. iacorporatcd in 1U4, the second largest city in Kentucky, is located oa the Ohio Riverj directly opposite the City of CfrK-'-fitH. Ohio, wita which city it is connected by several modera bridges. A complete street railway system connects it with Cincinnati and adjoining- Kentucky municipalities, which, together with Covington, are part of what known as GREATER CINCINNATI.

Duo Annually August 1, 1924 to 1943 Prices toTield 435 Circular on nqutst Roberts. Ross 56 Pino Strwot Talepbona Joha 2S3 Now York Railroad. Earnings We have prepared a table showing estimated earninss of our representative railroads for the current year 1922, compared with actual results for 1921. This 1 table indicates the margins that, based on actual returns to May 1st. it is calculated, will be available for fixed charges and also for dividends for the year ending December 31, 1922.

CpUs of this table viU be furnished on request. prim WttlUly. A Errausitaa 1STS Membtra A'cv fork Stork Exchange 52 Broadway NEW YORK Uptown Off tea: 563 Fifth A. $3,309,600 ST. LODIS-SAH FRANCISCO RAILWAY Equipment Trust Gold Notes Trust a- il-A ta 11-B lactaalv Notice is hereby given that the Definitive Notes of this issue are now ready for delivery at our office, 24-26 Pine Street, in exchange for -1 and upon surrender of our Temporary Receipts for such Notes.

SPEYER CO. Nm Tork. July 1. 10--2. i i it i.i I r.

r.i Aua i-H t- tvn irraw koad UutU Ja tbis country..