New York Herald from New York, New York • Page 87

Mir Mi liir in i sassl im ii i ii in ii iii iliuFi i i Ti THE SUN AND NEW YORK HERALD, SUNDAY, FEBRUARY 8, 1920. Non-Speculative 8 Investment Associated Industrials Corp. First Preferred Stock at par. AuthorUed $500,000 OuUtandlpg This Stock has recently paid Its 27th consecutive dividend and is backed up in liquid assets to over 5250 per share Circular on teeual Hallowell Henry Intalmtrd Securities 27 Pino New York Telephone John 3456 Sis. Herrk Bennett 51 E.

411 HtfVanderlthAte. Ralph Dunn, M(r. Main Otfiet. 59 Broa 1ioau. WE OFFER Foreign Securities OF THE FOLLOWI.NO Cities and Governments French 5s French 4s City of Paris 5s Belgian 5s British 4s British 5s Italian 5s Italian 5s German 4s City Berlin 4s City of Hamburg 4s City of Frankfort 4s At pre tent prices the aboto securities appear very at-traetlie.

An Improvement In the foreign exchnngo market would result In A substantial profit In thfelo Issues. FULL DETAILS UrOX REQUEST. Farson, Son Co. Membsrs Uew Yorh Stock Exchange 115 Broadway, New York HELlWiGajREUTTER Mtmkrs ojNas York Stoct Exdanis INVESTMENT SECURITIES 25 croad Street, New York lelephono Bread 6239 "Stumbling Blocks of finance" Every investor In stocks can strengthen his financial, posi tion and evado the nltfalls of fraud, stock manipulatfon, market inflation, worthless tips and similar evils of finance by following the suggestions contained in this 36-page booklet "Stumbling Blocks of Finance." Booklet SS-29 on nguest. Cylfa HNANIALW0SD 1 29 Broadway, New York.

CONVENIENT BRANCH OFFICES I IN MIU1UWJN StUlUN QV New York Stock Exchange Firms STOCKS AND BONDS bought" ron OAsn on on CONSERVATIVE MARGIN Pearl Co. HOTEL ST. ANDREW. Busy ef 71i Main omit. Droadwti Sartorius, Smilh Loewl SCO 5TH 63 W.

11STH ST. 141 BROADWAY, Broehlyn. Main Offltt. to Broad St. Crawford, Patlon Cannon HOTEL ST.

ANDREW. ffiroy 'at 71d Main OSHct. tl Broadway Onativia Co. 1A EAST 46T11 ST." Alain Office. IS Broad St.

A. A. Housman Co. IS WEST 33D ST. Main.

OSHa.SO Broad St. Wright, Sladc Harnickclll CIRCLE 1834 Buay at 60th Main 0k4. 71 Broadvot IVassermann Bros, 547 5TH A Cor. 45th. 240 4TH Bit.

ISlh 19th Main Offict, 41 Broadtcav McClacc Co. HOTEL ANSONIA. B'tsay at Mam OJiu, 07 Etchanat fl East Coast Fisheries Common Kiely Hortoit Phone Mm 6330 NATIONAL (fLOAK HAS RECORD YEAR Iteport for 1019 Discloses Net Sales of Year $30,440,005, a 17.0 Tor Cent. Gain. BALANCE $11.20 A SHAKE Company Establishes Plan to Give Every Employee Interest In Business.

A very substantial Increase tn Its earnings was made by the National Cloak and Suit Company during: 1919, compared with those of 1J1J, according to tho report of Its operations published yesterday. That report show's that the Bros business or SS9.448.985 was the largeBt In the corporation's history, and after All charges awd expenses tho bnl-anco available for dividends was J1.643,-138, equivalent, after deduction of preferred dividends, to $11.20 a eharo on Its outstanding common stock. Tho earn ings ar.pllcablo to Its common stock In 1913 tntallod only 18.31 a share! Tho company's net rales In 1919 were $39,499,985. an Increase of 17.8 per oomparcd with those of 1918, and the largest In tho company's history. Its profits In 1919 totalled $2,326,971, atratnst $1,668,671 In 1918.

During 1919 $863,487 was eot oeldo for Federal taxes and $314,531 was paid out In bonuses, making tho year's net. income $1,449,183. lre- erred dividends paid during 1919 totalled and common dividends 000, making tho nnal surplus for year $744,459, against $397,961 In 1913. The total Prolit and loss surplus at the cloio of 1919, tits' report shows, was 54.577.515. Tho company's policy toward specu lation In materials was unchanged during.

1919, 8. G. Roienbaum, tho presi dent, declared In his remarks to Its stockholders, and during the' period of rising prices only about the usual percentage of the coming season's require- merits vras purchased In advance. Blnco 1015, he said, business had mora than louoicd. being almost 340.000.000 In 1919, against $17,371,630 In 1915.

Tho company has about 3,800 employees, and during the last year a bonus plan for them was put Into operation. Through It every ono In the service of tho company has a direct financial Interest In its success, Mr. rtosenbaum said. "During the past year," ho concluded. "we have purchased 2,500 shares of the preferred etock of the company for retirement nnij cancellation, making the total amount so purchased to date This takes caro of nil amortization requirements called for by our charter to October 15, 1920, and $70,000 of'th'o retiultvnients for the year ending Oc tober 15, 1921." PEOPLE'S GAS SURPLUS UP, lUtiort of 1011) Wan First fllneo That of 1010 4a HIiott Item.

Tho People's Oas Light and Coko Com-tany's report for 1919, made publlo yes terdny, shows a surplus, after all t. peuscs, charges, Ac, of or 16 cents a share on Itn outstanding common Stock, airalnst $1,366,628 deficit In 1918, It la the company's llrst annual report sinco that of ivvi to snow a surplus. OroKH earnings fur 11)19 aggregated an tncreaso of nearly 600,000, nnd oporallng exponses woro an ndvnnco of $1,300,000 Depreciation charges of tho company woro about $200,000 heavier at nnd Interest charges of $2,866,150 exceeded those of 1918 by $500,000. Purls llnnrae Tmdluit. PAitts, Keb.

7. Trading woa good on the Bourse to-day. Three per cont rentes, 53 francs 70 centimes; exchange on London, 48 frnnrs 90 centimes; live per cent loan, 87 francs 75 contlmes; dollar, 14 francs 90 centimes. FEDERAL HKSUIVE BANK STATEMENT At the cIom ot buelnew February 183). HESOUnCKS.

Feb. C. Gold and rold cert Ideal Qolil Mttlement fund -V. H. Hoard Gold with forcim arenctes Jan.

10. J1SO.OOS.000 77.KI.O0O 41,356.000 Total sold held by bank I227.4M.3H Gold with It. Ofrat Gold redemption lund K.w.sco Total sold reterres. 4.SM,(H SS1.T7S.000 M.OU.OOO Leral tender notes, turei aver, 40,171.000 Total DlUi dltcounted doetired by Got. war obllratlons All others 1T0.

171.061 DIUs bouibt In open marxec jeM.K6.O30 Total bins on band. I14.2!7.M? 17, S. Got. bond S. Vlctoiy 50,000 U.

S. certldcatea of indebtedness ei.M.'.WO JK3.3i:,C 1,457.000 W.000 Total enrnlnr aiaeta.ll.0lil.H7.il; Bank i.OM.050 CfJ reJenintlon fund aralnst F. It. banl; notes "66I.IM Uncollected Itemi and other deductions from trois iteDodts M4.01I.3.U All other Total ji.cet.oco.ooo S.0S4.0W ai.sH.ooo 1,102.000 PINANCIAL NOTES. nond JL Goodwin barn moved ts S3 Columbia Trim Comnanr Jiai ben ap pointed reelntrar ot Francis H.

Leeectt I'o, Jpltal stock. Calumet and Arlsona Conner Jtln nir Companv reporm Its outnut tor Januury as S.S40.000 pounrt of copper, aealnst uvi in ucctnMr. K. w. Woolworth Company reports Its January sales a.i 15.

(SI, 203. an Increase of tl.St3.314 compared with that of January, Guaranty Trust company is uniieo un der a mortgage dated Januan' 15, I9S0, given by the Elder tfteel Steamship Cora- pitny. to secure an authorized lasus ot par yamr. nrat iuortESi aeriaj 7 per cent, sold bonda. Arthur Downer, for several years wun the Cplumbla Trurt Company and for ten vt-nrs previously with tbo United State Mortsage and Trust Company, has joined the rale orcmilsatlon of Chandler BAll old officers of the Hudson Trust Company have been reelected, nnd John J.

riroderlck. its treasurer, was eleoted a vlco-prsldnt of tho company. American Trust Company announced that 'tt books showed that January had been Its record month ana that its total of deposits had rtsan to slightly mora than 111.500,000. Buenos Alrea flrnln 3Iarket. AinEiS, Feb.

train resource LIABILITIES. Capital paid In J33.4C2.t50 J33.3K.00O SarplUI 45.0S3.O00 Uorernment deposits. 21,510,000 Uue to member-re- eerrs account TJt.T.W.TOJ T.5,00O Deferred aTallabllltr 100,134,003 Other deposits, Including furrigu Gur. credits 40.04."I4 42.SM.O0O CURB STOCKS ARE ACTIVE AT CLOSE Market Has General Tono of Uncertainty Industrials and Oils Improve. Although many stocks on the ourb sold yeeterday severnl points higher, duo to short covering, the general tono was uncertain.

Tho market opened with "mixed changes nnd during all through tho first hour trading wns on tho long and the short sides of the market. In Its last hour prices for soveral leading Independent oils and a few Industrials began to move forward, when tho heaviest activity ocourrod, Homer Held stocks wero iigaln prominent In tho upward swing, BUbstnntlal advances "being recorded In Hlmms Petroleum, While Oil nnd Dominion. South American ollj also wero In good demand, although at the opening there was a downward tendency, Oeneral Asphalt nnd Carbldo Syndicate closed neur tho duy's top levels of the day nnd International Petroleum advanced sharply at the clorc. Notwithstanding tho break In the general market during flio weolt, motnl stocks with ono or two exceptions held their ground (Irmly as usual when money rates nro High and foreign exchange low because then demand for tho precious metals Is much moro ncute. Total sulcs and range of prices follow Sales.

LVDt'BTTtlAta. Hleh. Low. List. Total gross deposits F.

It. notes In actual circulation V. n. bank notes In circulation net liability M.O00.OW All other K3, 57300 TC8.K0JW0 io.H9.ooo Total liabilities ji.ssi.SKooo Centlnrent lhbllltyas Indorxer on bills re-discounted with ether T. II.

tienk JU.SR.OOO Katioot total rewrres to deposit and 11. note liabilities combined Ratio of gold reserves to T. R. notes In circulation after deducting Ut against net deposit nihilities 43 tio.ooo.too t0.3fl 4J.lfo STATB HANK STATEMENT. SUMMARY Or STATE BANKS AND Tnt'ST COMPANIES IN GMEATI5K NBW YORK.

NOT INCUIDLD IN CLI3AIUNU HOL'SH i State Bsakln; Dept.) BUENOS prices: WHEAT Tone slronr. Febnary March COBN-Steady. February May FLAXSEED Strony. February Mnroh OATS-Fehruary ..161 09 71 to Call. UM 14.00 STATEMHNT.

(Figures Mrnlstied by iwsai, discounts, in vestment. Ac .1753.110. 100 Gold Currrocy asd bank notes DepMlts with 'Federal Reserve Bunk of Now York T2.70.9Y Telll deposits Itl.t00,l( Total fleposlts-Kllm. lnatlcz amounts due from reterTs depositaries and from ether backs and companies In New York city and 17. 6.

deposits "S3.eiS,0 RESERVE. Stale blDlcs Inc. Inc. Inc. Dec.

Inc. Ins. 3,009 41M00 115.MO 443, 01 1.415,050 rer cent. 14.it trust 9.54S.SCO A5.03 21.00 33.00 S.35 set Chge. Up 10 up 15 up 13 up 5, tip 45 I Total 1101.331.300 up 55 1 Aggregate rervo on deposit.

Inrrcase, ir cent of legal reserve, ITnch. U.t. 1300 Acme Coal 1H IK soo Aetnn liipios 7 100 Air Reduction 4 44 MO Aluminum Mfg 31 S1H m) Arncr u'luidy S'i 3 500 Am Marconi 44 4i 1000 Am Kafety nator. Ills 114 40n Am Writ 10 CM Austin Nichols SI 23 UM) Austin NleJiols pf. 100 Atlas Tack 33 33 too British Am 0 500 Br Am lob rcg rU.

CS 0s! 7i ltr Ant Tob 17H 17U 3 far Light 3U i. 2U0 rifTelatitrAuto C3 Columbia Emerald li'j 11 400 t'onley Tin 33 34 SOO Dafcw si 'l COO Davlca Wra A 431, 40i 3000 lienoral S51 7000 lleneral 30 11100 Ooldwkn 1'lctures SSi 35 100 Grape x)la 1 4C" Grape Ola pf Is li 300 Hydraulic ftteel 35'6 3i 300 Hydraulic Stl pf. 0Jl 9 NO Keystono 14V 13 500 Lincoln Motors A tOVi 400 Locomobile ii'i S3 too Mont Ward 35 1110 Nor Am 6, 6'1 Orphoum Circuit. 3lVl 50 100 Patchorue Ply 40 40 SM I Vr lection Tiro ii 4'j CM i'ussmati 3 3 ftjfl Kadlo Cum t'i 3 40O lladlo Com Hi 3 3 10100 Ilepnblle Tire Bub 4 Ui llnot 49 1W Splt-tr Mg Ill 350 Ntanilnrd Uaa ALL 1W) Hut.morlne It 3a Triangle Flln 7K) High Hcd T. 3714 WO Steam S' TOO II 13 1500 Unllil Plct VXl Cn Profit Kliaring.

2li 3V0 Itef Candy. 15 300 Virtailmi Warren Bros 67 500 Willys Cori 1st pf. i 40 mi 8 4H 114 11 a R) 33 ei 17i 21s 05 25 43i OS 35H UM Ml. 3 0 31 tt 4'4 3 Cbis. ii.

tt ii 1 1H -1U 1 -3. SM WWtn Cars 11 White Caps 3 3700 Wllhert 1 1W Verringtoa IV, 1IONDH, I13O0O Allied rck 4s 7914 19000 Belgian Gv tt tt 3000 ft Kt ts interDoro i-uila r.i 10 1 kim es, MOO Russian Gr a DOOO Itusslan ar 30 woo Hwtis ur cu int 39 33 (7H 11 3 7 TDtV I4H (3 39 a I7H -3 I 1 GRAIN MABICET, 3 III js 111. 13 if1 STANDARD OIIJ5. 71 St Oil of Csl 3i 3X 10 St Oil of 43 HO Union Tank Llne.10 101 INDEPENDENT OILS. 10 Ml 40 Ul "i S714 es Ills sua 67 -1 ria 03 101 In vault DePoit In banks and companies Total, 333.4a.100 70.7? Trost Coapaalcs lr 1 eent.

I Cash in vault 74.131,70O J3.MI Deposits In hauls and trust lompanlej 30,303,000 05.04 19 51 BID AND ASKED QUOtATlONS. ts 90 Alk. 101 101 10M4 1014 101 101 101 101 80 95 OS OS 3H 71 97V1 V. Y. BTOCK EXCILWGK QCOTATMN9.

KITED STATES COVXRlfMEST "BONDS. Bid. 3s, registered 100 3s, coupon 10OU 4s. registered 10f 4s, coupon I0IV 2s. Panama.

U30. registered 10 3s, Panama, 193, ,...104 3s. Panama, IKS, 'registered 100 Panama. 1930. coupon loo 3s, Panama, registered 3, Panama, coupon Phil.

1st. land purchase 4s, 1931., Phil. III. public works- 4s. 1933.., Phil.

Isl, public Works 4j, District ol Columbia -53s FOREIGN BONDS. Anglo-French Extern, ts, 1930...., Arrenlina Intern. ES. 1945 Canada, Dominion of, notes. 1971..

Canada, Dominion or, ts. Canada, Dominion of, 1920.1.., Canada. Tlnmlnlrm of. 1930 Canada, Dominion of, 1931.. ..91 rhlMM Hu Kar Ilv.

ts. UEl. 43 Cuba Extern. It, 19H i Cuba Extern, ts. ecriea 1949 4 Cuba Extern.

4VA 1943 754 Dominican Rep. e. 195! City Ol Lyons IS yr. Cs. 1934 NU City of yr.

cs. 1934.... City of Bordeaux 15 yr. 6s, 1934..., (OH French. Paris City 1JJ1 Japanese Gov.

41. eterl.tloan, 1931.. fCVi Japanese Gov. 44. sterL loan, 1935.

704 Japaneso Gor. 4H. 3d series, 1913.. 07, Japanese, Toklo City ts, 19C3 t7 U. K.

O. D. A I. 6 yr. IHs.

1931.... 03H U. K. o. d.

ft I. yr. s'i. u. U.

K. o. 4s i. io yr. ti K.

o. li. 4 I. a rr. 5Us.

Mexico Extern, aterl. Cs ot '99, 1943. CO Mexico Extern, gold 4s of v4, is, vart IS, 1933.... 934 4t. 011 AS.

1937.. ..151 13 73T4 934 974 9t 934 UH 934 .94 91 41 94 54H U'4 90 tS 59 73 70 114 tau 9 93 til 30 aoalnr prices of stocks tn which there were no transactions ycucraay; Bid. Ask. Al Ch pf 13 Alb Bueq A Bk Note. 44 do Pf 45 Am pf.

a Am Bk Kb. do pf Am Csn pf. S6 AmeS Coil, tt A Cot Pf. Anvr Expr. 9J Amer 33 do pf.

Am Lias pf 9 AM a. mi A Smelt pf. M4 Am Ceo A mi A Snutl pi. Am Snr nf.llt A Tob pf 834 Amer do 95U AM Tel to Am Zino pf to Ann Arbor. 11 do pf 33 ADryfl lpf 71 Assad a Oll.lM At Bir A 0 At Coast ITVi A04(WI Auto Sales.

13 do pf. Barnett 5 do pf 91i Barrett Beech M4 Beth Beth Baa Edieon II ti H4 44 4SH 93 1004 75 t7 97 49 00 tt tl 17 13 90 llt4 90S ti 13 74 115 7 CS 13 33 37T4 37 JOS'i 17 Bid. Ask. Bkn 11 W4 Bkn Un Gal S3 0 Brown pf 91 But A 8USQ do pf Buff 434 do pf Bums pf 95 Bush Term. calPadt pf.117 iCan 414 Cass 97 Cent 30 da 45 CBR of NJ.170 CS A 110 Cert 47 do 1st pf.

HU do 3d pf-. It CW tt do pf. 14 Chi A EI ot do Gt pf. 33 CStPaiOEA SO Pf 90 CCCAfltLpf 13 a Peabody. ss do pf 10 Col A 8 lpf 504 do AH ColOrphpf Comn 47 Con jdo 79 Con Gas B.

99 Con Can pf J03 Con 73 7 70 to 100 110 160 1 to es 310 lit 19 13 33 or. iooi 78 to S3 104 50 41 M4 41 51 tl 101 Bid. Ask. COrnPR pf.102 103 Crex Carpet 50 C7 Cru.stl 974 Cub A Sug.400 450 do 105 Deem KM 1H ts Diam'nd 31.113 Dome 11 114 Dul SS A A 34 4 do pf. 6 9 Durham pt.lco 101 Elk II pf 354 43 Elee 138 Endlc pf.iot 1014 ErletPltts 70 F.rio2dpf..

13 It Fed 4 8. 11 14 74 do of 91 Fisher Body.UO do pf 90 Gen chem. Gen Cigars. oV do ol do deb pf 19 Gray A 374 Gulf 7 do pf Golf Stl lpf 93U Harr pf 1l3a llomestake, 024 Illinois On 334 Int Atrr 73 Int Mot do 1st pf. 77 do 2d CS Int Nick pf 17 Int Pap pf.

70 tnt Salt 67 Iowa 4 Jewel pf. 40 Jones 1511 Kan 144 do pf 4S Kayier 110 do lit pf.lOO Kel Sp pf 93 Kel Bp Ivet WI hi nf Stl ftto It 31 i do pf 30 Kresge fl.104 do pf 101 Kress 8 II. SO do pf ,100 Ttaclece Gas 34 LEAW 1S4 Lire tt do Iril'rd L-W 1st pf 93 da 3d Lools tt Manhattan. 40 Man Beach. 1 Man Shirt.

304 63 MsnSugpt 95 Math 30 May Dsp 8.11! do pf 100U Maxw 3d pf 35 MexPrt pf.100 Mich 13 MPSS3I 3 dn pf 90 (0 11 Mor A 704 Men 9 MulUnsB pf 91 Jt KtL.190 Nt Aniline tl do pf 13 3, 7 do 95 Nat Bis pf.111 HAS pf.104 VU 1A 121 101 190 a 100 90 23 97 111 03 S7 77 130 fO es 904 100 70 15 47 115 117 100 to 105 107i 40 17 19u 10S 101 150 113 103 43 314 70 1014 31 13) 107 lot 73 (4 53 7 lfO 100 113 tt Hi T5 103 lit 101 ID) Bid. NRyMlpf SOU 41 NYLaekAW t3 25 do 1st pf, es do 3d 43 NY Dock pf 45 Nlag FP pf Norf A 8.... 10 N'orfAWpf, 0744 Ohio Otis Btl pf. Owens pf Paa 25 do 1st pf. (0 do 3d 41 Pae 70 70'i Pan Am pf.177 Penney 91 Peorls A E.

13 Pcre pf. 4S4 Pet t3 do Pf S3 Pitts CI 13 FFWAO pf.lE4 Pitts Stl pf it Pr Ht nf.1024 nit rervice ss RyStSp Rep Tck. 40 DntchNY 45 Rep Sll pf.103 Ren A Bar .103 Read 1st pf .114 do 2d liH Rem 1st pf do 3d 97 Beab AL pf It HhellTr.pt. Rears Kotb.itS do pf lit tt StLARF pf ST. BtLASW 124 11U Porto Sug.315 do pf 110 So Ry M4 Stand do pf SO Blew Hup 414 do rjf PJCU Ter PacLT.2M Third 13 Hcle Tob Pd pf.

93 TStL A dn pf 35 do a IS do It Trans Titln 334 do Pf Underwood Ur ao ni lot Un tt un I'ao pf. tt4 Un Or Btt.120 da Un oo ist pi. 54 do 1 31 UB Steel nf.ltl Wab pf 11.. Wells 40 West 1st pf C3 West Air B.109 West ts Westl'nion S3 WhlALH pf 10i Wilson ti i Wool'th pUlflS' Wthatn pf A' Ask. 19 424 37 70 43 55 104 13 Iii! 101 97 100 71 70H un.

94 It CO 43 91 53 CI 131 91 77 106 73 107 3 103 117 3tt 100 M4 31S 110 9R 2H 15 235 113 51 130 SO no 43 ICS ceo 134 CM 1 13 25 13 33 JS 96 17it 115 90 ft 333 140 (1 50 113 14 52K "0 113 ts IT 91 III 3 400 Alliance 16'i 3) Allied O.l ll-Pl 5ti Alto tl 54 Amal 1700 Associated ITs 3S0 Anne IW-llc 70 lli llariisilell 53i 100 Hell Pel H4. SIM Hoone Oil 4V 2A Boston Wyo 1 3-tt 4C0 Hiirktiett Van CI. 14 Stoo I'arili S-nd 4 L'arib Trailing 15ft 5it Circle Oil :0. Cttlr Serv II ctfs i 2CW COnien Co t'4 tm dulling Pete 10000 Dominion Oil 154 IMrtuesr.o 4S 0'i Elk Basin Tet 2T00 Engineers Pet IS looo Fe.itrai oil fillllland Oil OU M) (llenruck Oil 34 1100 fluftVy 304 4'W Home Oil 24 SM Home 3, W1 Houstr.il Oil 105 SMO Hudson Oil 2iD lndlahunn Int Pttrvl 60 40i island oil, 54 Kay fojuily 3'4 1300 King 34 i l.lvlugton IS frV Manhattan Oil Ti aw Maracaibo Wn Merrltt Ull 1 500 Metex Oil 3iX) Metropolitan 3H 40 Metlco Oil 2H 450 3IMest lief 157 lion Midwest Tex 4 200 Morten Pcto. 2S 300 No, Am Oil 44 400 Omar Ci 1700 Ot.igo Nation 4 1100 Phillips Pete 374 300 Producer A l)i Red Rock Oil 1 100 Rlckord 3i tMOItian Oil 400 Bait Creek CO 400 Seaboard Oil A 44 500 Sequoyah Oil 11700 Klmms Pet 1300 Bkelly OU 10S 4C3 Southern Pi 3W Hptueer Tct IS'l lOOBiolnor Oil 145 too Texas 14 400 Texas Pacific Coal Sb JOlOTexoii 1.

1 000 Trinity Oil 14 to) Tropical 114 4900 t'nltcd Tex 14 6(0 victoria oil 14 1100 Vulcan Oil 7ll 2200 Way A 4I 200 western 1 700 White Oil Jti 400 Oil 1 SHOOAlas-Br Col 4 400 Anter 14 10O American 1 7600 Ara A lOOOAllanti 24 7fOOBe'cher 7000 Be'eh Dlv Ext 31 3200 Big LodgtW 4 1200. Booth A Mont 67 1500 Caled Mln SO too cal A A 4 14 534 4'; 14 14 33 LVI 354 T'i 34. 134 44 IS 34- a. 57 5)4. 34 134 1 44 34 i2w 5.

4SS 44 It JI-16 1-16 Its 53U ii- 'i 44 -tt 1310 14 150 I'i 404 tU i. -r 4 13'. 44 SS iH 40 SI 3'f 304 3 3 34 106 IS a4 MS W4 14 su 24 153 24 4 SH 374 1 IU 34 00 14 The corn market weakened yesterday In Its late trading on heaviness of cash corn, prospects of Increased receipts and better weather. Prices were Irregular at the opening on tho usual evening up over tho week ond and higher hogs, but soon easod off rnnder commission house selling nnd professional pressure. Cash corn quoted a cent lowor and the market was soft, The withdrawal from tho market of a lending Industry nnd decreasing of demands from other sources due to car allotments Is responsible for the heavier cash tono.

That with tho prospects for lurger receipts during the coming week were tho primary factors In tho decline, Vlorlty orders on grain go Into effect to-day nnd continue for the nest ten days, Those order nro expected to speed up movement of grain and been una of the congestion In tho Bast are counted on to IncreRSO vlelblo supply. Weather conditions wero much better than looked for, being cloudy and mild all around. Sentiment continues bearish. Oats were higher at the opening on short covering and of large export business on but sold off under liquidation. It was roportcd that 1,000,000 bushels were worked for foreign trade on Friday, Most of the selling was duo to prospects of larger receipts, smaller cath demand and fears of Importation of Canadian oats, Proylsl6ns; after opening quiet and firm sold off with tho grains.

COHN In the local rash market No. 3 yellow corn was quoted at J1.654 No. 3 mixed. J1.64V., -cost ami freight N. l'elruary shipment.

OATH The local market was quiet but steady. 1 white quoted at 11.034; No. 2 whlfe, 11.02 i No. 3 while, 11,01: No. 4 white, Jl; fancy clipped white, Jl.OSi ordinary rllpped white, 11.02, all elevator.

RYE Market, steady. No, 3 Western, Jt.CS, f. 0. b. BAULKY Market steady.

Feeding. malting, Jl. 3301. 55, f. 0.

b. N. Ti Merkct Mllltnr. J3.S3 a 100 lbs. HAY Market nominal on.

account of weather conditions. 74o. 1, J1.60Jfl.5; No. 3. Jl.S0ai.S3; No.

Jl, 1591.70; shipping, J1.53O1.40. STRAW Market quiet. No. 1 rye, J19 320 a ton. CHICAGO RICES.

RYE Open. nigh. Low, ulose. uayr May 1534 15.14 161 Kli 153 113 149 1174 1474 IIS COItN- 1511 U4l 1324 124 1354 May 1114 1514 I2t'i 129 JEeS July 337 127,4 135U 13Js 1374 OATS May 774 774 75U 75 76T1 July 704 704 H4 70 LARD May 31.50 21.51 21.33 31.3S 21.40 July 32.0 22.00 2I.S2 31.S3 31,15 UI1IB- May 11.70 11.70 11.35 11.37 11.50 July TS.93 15.95 IS.fO 1S.S0 11,97 ronK- May 14.70 34, 34.45 34.W 34.701 July S4.W 34.50 34.W 31,20 tt.tt ANNOUNCEMENT Steiner Oil Corparation announces the consolidation of the coinpany's pipe lines and loading racks in the Ranger Field, Texas, with those of the United Producers Pipe Line Co. a Mitbtldlary of I ho Transcontinental Oil Co.

The Steiner Oil Corporation has acmiired 50 of the stock, of the enlarged United Producers Pipe Line and R. L. Steiner, President of the Steiner Oil Corporation, will assume the management of Pipe Line Company and become its president. Steiner Oil Corporation Stock "'Bought Sold- Quoted LISTED ON NEW YORK CURB LI Chambers 1 INVESTMENT BANKERS 37 Liberty Street, N. Y.

C. Telephone John 3114. 1NTI1IUOR RECEIPTS. Wheat. Corn.

Irsterday 717,000 L052.000 Last week 101.000 S3J.OO0 List year 4I4.O0O SEABOARD CLEARANCES. Hour, WhCit. Yestetday 7.W0 Last week Last year t. 1U0M COFFEE JIARKET. oats.

W4.000 02,000 Corn. 3fi The coffee futures market opened polnta higher for December and 6 to 22 polnte higher for other months. Values worked sharply upward and at li A. m. March sold nt 14.2' Olny at 14.6P, July at 14.SU and.

September at 14.77, or 17 to 2 moro" than Initial figures. Uito In tho- session prices worked off from the best, closing quotations being 20 to 30 points more, Firm offers sterling credit were urchanged and those here American credit were 30 to CO points higher. P.augc ol price- FOREIGN EXCHANGE Transfer money by CHECK or CABLE to all -parts of EUROPE We specialize in exchange on 5 Germany, Austria, Hungary, Poland, Roumania, Fin- land, Scandinavia, Czecho-Slovakia and Jugo-Slavia. i We offer facilities to secure Mark Exchange at the price of the day of purchase for use at any time in the future, 5 allowing interest in the meantime. 5 The present low price of exchange provides an excep- tional opportunity for profitable investment in German City Bonds, Bank Stocks and Industrial Bonds aiv Stocks.

Inquiries incited 1 immermain Forshay Members New York Stock Exchange i Established 1872 170 Broadway NEW YORK 170 Broadway SlIlllinilllllllllllMlllllllllMIIIIIMIMIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIlSi t7 $14 -rl 4 1 -1! 4-3 tt 14 43 1H 94 104 4-U 4 i lit 1A 14 .14 17C0 Canada Con IW Caadelaria 4E0 Carson Hill 300 Con Virginia 701CresMm Gold 5000 Divide Ext 100 Dundee' Arts 9100 Eureka 1000 41 Mining 13J0 Golden Gate P00 Gold Cons 1 14 roOOold Dove! Hft) Gold 3 1000 Gold Sllv 15100 Gold Zone 31 10M Orcit B-nd 2 17iUIecla Mining, 4 7-1J 4 5-13 50) Iron j-jj f.ij Knox Dlvloe 9U Louisiana 9-li ltl 14 93 1 174 1 3H i Mi i i 14 1 A 19 30 6 67 i 33 6'1 4-ii 1H 13 13 3 39 n3' 14 lHi 4 4 24 9 4'1 '1 3i; i 314 20 30 6 67 30 A 1 3 1 15300 McNainara S3fOMsraU 300 Mason Valley, 10 Mother JOOfl Mrrav 200 Ntplsilnr 1009 North JOOoOphlr Eilrer. 40O Prince 600 Roy Hercules. 10CO Rex Cons 170O Rochester Mines. It 9100 Roper Group A tOOO Sll King ot ivw suiiienana I'AI Am 1' a i. 101)0 911ver Lead 1000 Success 9M Tono 3000 Tono Cash Boyt iuui ixmo lJiyiua.

Tano Tcto -I'm Butlcr.t 21 900 Tono Mlnlnr 54 lOOOTono Mlipah 1 13 50O0 Ton.1 Res 23 1000 fi IH 900 Uotted 3() 1300 Victory 17 1999 Wilt End Ill 21 71 104 9 IH 4 IS 3 5U 24 24 9 9 34 60 76' 104 9 I 13 ft 3 8 'i I SA Vi. 24 32 SH 34 1A IU A ii 4 A A is. -i-i in It ilH 13 3 9 .3 44 D4 9-n 76 104 r. iiH iu it? 11 3 f.U 24 23 tH 31s 17 JH 4-A -1 -1 -1 February March April May June July August September October. November December January 'Open.

Itlgh. jf5 13.95 Low. Close. 14.00-05 14.15.17 14.33-34' 14.35 14.60 14.35 14.59-53 14.C2I4 14.63 14.30 14.03 14.74-75 lt.M-71 14.0567 14.70-75 1KIV-IU 14.75 14A3 11.73 14.70-75 14.00 14.77 14.60 14.60 14.60 14.00 Friday. 13.75 13.90 14.07 11.34 14.37 14.50 14.4J 14.36 14.40 14.4J 14.43 14.45 COPFKE Rio wai unchohgra at 11101 for No.

7. Exehanje unchanged at 13d. Roeelpts 0,000 bags and stock 313,000 bags. In Santos spots were unchanged at 1CJ300 for No. 4 and 121300 for No.

Kntures were 60 reis higher to 25 rtii 10rer. Recslpts 1,000 bags and etock 1,171.000 bags. Receipts at the ports were 14,000 bags, against 4,000 last and 61,000 two years ago. Boo Paulo, had 7,050 bags, against nil and 41.000, and Jundlahy 8,000 bags, against (.000 and 41,009 bags respectively. Cleared from Santos 55,000 bags for New, Orleans.

BRAZILIAN; COFFEE STATISTICS. Teeter- list Last day. 10,345 week, 11,709 N. Y. O.

deliveries Total New York cyf Orleans stoca Stnck at all DortS iflnnf 93.000 Vieiblo eupply 1.812.063 1,230,527 Last year's 809.619 10,243 639,941 339.115 .1,019.063 E93.U 111,713 323,744 856.327 444,000 year, 0,147 13,431 23,218 331,144 S91.724 561.004 1,432,724 883,154 EQUIPMENT TRUSTS, (The follBttlng are quoted on a petceptiae bails.) Name. Maturity. RMs. Btd. Baltimore 44 if nM nri, S.10 Canidlin 1030-29 '44-t- 7.00 4 44 iu 44-5 Canadian Chesapeake Chlcagq Chi.

Bock I Pae-" Chic. St Chickasaw Reflnlng.1920-31 Clev. 4 St L.1920-29 Delaware Hudion.1922 Erie 1920-37 IUinol Tnlarllln A 1920-83 Michigan Central 54 Minn 9t Mo. Kan Missouri 1920-24 Mobile Ohio. 1930-M Central 1920-2i Central 1920-33 Norfolk ti 1930-14 ft ua-39 Penn Oen Reading Seaboard Air 1920-27 unciatr Banning isro-ji iouthem Southern Unloa Tank Alk.

(.00 MO (.50 a A (.37 (.00 (.95 5.50 6.75 (.00 era t.sr 0 7.50 (.50 5-0 (.39 6.11 44 6.13 cm 4U-6 7.00 i.n 44-4 t.10 6.05 It 6.00 6.C6 (.30 S.00 0-O I.OD D.SO 5 7.00 6.15 6 7.00 (.10 4U-S 63 6.00 4U-5 6.37 (.00 44 C.50 COO 44 (.00 (.60 44-S-t (.95 C25 4-44 6.00 5.C0 44 (.05 4444 7.00 (.25 7.00 6.2! 44 (.31 (.73 44-0 (.55 6.00 6 (.00 (.00 UNITED STATES OIL CORPORATION On a Basis of One Shire of Preferred, $10.00 Paying 10 $1.00 and Onejihare of Common Paying 6, 6.00 Paying 6- $16.00 $1.60 Netting 10 as shown above CIRCULVR ON REQUEST. HOIT AW COMPANY Sfietfiftt In Pttroltum laves and Other Hlfh-Gradc Induilriali (- r. R. PACKARD, Manager 200 DevonVhlrc St. BOSTON Tel.

Fort Hill 6446-6447 WANTED A young man about 30 to become assistant to official of a large financial institution. Must have had some experience in negotiating and be capable of attending details. JVIust not be afraid of Work and must be energetic. Good opportunity for trie right man. State age, experience and salary expected.

Address by letter only. g. advertising agency, 135 Broadway, New York. Form Sntrar Brokerage Firm. Announcement of the formation Of Farr 4 composed of John Farr.

Bhelton Farr and Francis IE deer, and having offices In 133 Front street, to transact a brokerage business In raw and retlnedi rugar and deal in Investment securities, especially sugar stocks. John Farr. and F. flhelton Farr are sons Of-John Farr; a director of the Cuban American Sugar Company, vlca-presldent of the Central Agulrre Sugar Company, president of the Colonial Sugar Refining company ana Yico-preiaeni 01 ine United States Casualty company. F.

Shelton Farr for the last year has been with the United States Sugar Equaliza tion Board In charge of sugar and Francis it. user was formerly with Colgate, Tarker 4 Co. Trorxlon Money Market, LoNOOK, Feb. 7 Bar silver, 89d. per ounce: bar goia, issh.

money, per cent; discount rates: ssort and three months bills. 8 S3 13-16 ner gold premiums at Lisbon. 140. 25 Bonus of Common nus of with IK PIPE IURK PIPE LINES REFINING CO. 18 Preferred Stock Estimated Earnings JS Timts Viridntd a i evkr on' Hcquejlf js-stukassssa.

An WCIIU, BUHHHU 4 WUi-JflCV 35 Nsttsti N. Tet Rector SSI. Odd Lots Write Dept. 0. (gsftdlM c'(hXpman Mtthhtrs Xtw York Stoeli Kxchingt 71 Broadway, New York City.

Uptown Of flco. 39 E. 41ttd St. Harlem Office, 290 Lenox cor. 125th Bt.

liront urace Brookij-n Office. Yonkers Newark 391 E. 140th Ht. court St. ..13 N.

Broadway .777 Broad St. CONSOLIDATED EXCHANGE. The market on tho Consolidated Exchange deployed a very miith Improved tone, although the movement Of prfcon wns bn tho whole Irregular. Most Issues began the day with a goo'il-tlied advance over Friday night's closing but the higher range of prices was made the basis of a selling movement In which much ot the early gains were lost and In nome of the very speculative Issues more than offset. The.

decline had not proceeded very far, however, before attempts to cover short contracts Instituted a rally that contlntied with Increasing force to the end of the session. The result of the two hours trading was that the majority of Issues showed galna ranging' from fractions to soveral points In somo of Uie. specialties. United States Steel opened and closed 100H, having In the meantime ranged between 100V1 and 99: Republic Iron and Steel rose from 107 to 10SU. fell back to 106U an; olosed nt 10854: Bethlehem Steel roso from 90H to 91H.

but reacted to and closed at 90; Mexican Petroleum from an opening i OWN YOUR OWH STOCKS IN A YEAi Begin To-day InvetuWiiely. Obtain Growing Income. Buy only nigh grade ttocks paying tubiUntul dividend. First payment of purchste Balence equsl monthly payment! during yetr. If rife io-day for Booklet S.

FRANCIS CO. nrf-JfiMenJ Securities One WaltHtrcet. New York Telephone 6OS7-S-0-S330 Reeter United Staffs Steel Bethlehem Steel Amer. Linseed Flsk Rubber The above ittucs ate ditcuste'd in the latett ittdc of the "Rutkay Review." Ash for Copy JM8 'XsrAAusttSB i4nr 20 BJU2AD rm -WSWORK STANDARD GAS ELECTRIC John V. Dunne 44 Bread St.

New Tork Tiltphons Sroat 2231 prico of 17Si Improved to 110 theh after a decline to closed at 179: Mlddlo States OU opened and closed at 28', but at one time sold as low aa 24 Pierce Arrow from SOU at the' opening, receded to S7 and closed at 58 Studebaker from a high ot 94U fell back (u W-i and oloeed at St Baldwin Locomotive sold up from 1104, to fell back to 109i and closed at United States Rubber aolel off from 103 Vi to 10 J. and closed tvt 101H..