The New York herald., 1920-01-30
Outlook for Can.
FINANCIAL BRIEFS.

The demoralized condition of foreign ex-
change and the shortage of coal in Europe
have been the means of preventing buying
of copper by foreign countries. The Copper
Export Association believes general buy
ing movement will start as soon as those
conditions are adjusted Quotations for
domestic delivery range from 10 to 1919
cents pound.
The January luncheon of the Bond Club
will be held today noon. The speaker
will be Mark Sheldon. High Commissioner
of Australia, who will talk on private
finance of that Commonwealth.
The following were elected to member
ship on the Stock Exchange yesterday
Joseph r. Beggs. Raymond ]. Schweitzer
and George n. Gregory.
Directors of Associated Dry Goods have
deferred action on the payment of the
common dividend until March II. The
regular dividends of 14 per cent on the
first preferred and LIZ per cent on the Sec
ond preferred were declared.
Profits after taxes of the Childs Com
pany for the year ended November 80
1872. amounted to $1,537,373. That is
equivalent, after deductions of per cent
preferred dividends, to s30.75 a share on
the common stock. 1t compares with a
surplus of $415,109, or $270 a share on
the common in 1918.
A. T. Murray has resigned as president of
OF Bethlehem Motors Corporation to be-
come chairman of the Board of Directors
Hiram j.. Harris. who has been general
manager, was elected president and will
continue as general manager also. Allan
a. Ryan. III. 5. Potter and l.. Seiger re-
signed as directors and II. II. Harris ana
c. II. Ford were elected directors.
c. u. Jury, of Toronto. president OF the
Murray Mogridge Mines, Limited, who is
in New York, received a wire yesterday
stating the latest assays of ore from the
eco foot level show an average of more
than SIS ton for the full width OF the
vein.
Mexican Petroleum Company It was an
nounced. has resumed drilling operations
i'm Mexico, locating four wells i'm four diff
ferent sections south of Casano. Deliver
les of pipes and pumps are now being
made i'm Mexico I'm connection with the
company's programme for the construc-
tion OF additional pipe line capacity. The
present arrangements call for the con-
struction of one hundred miles of S-inch
line and i75 miles OF l0-inch line.
Ralph NJ. Thacher, formerly with the
bond department of the Guaranty Trust
Company, has become associated with the
Albany office of HemphiIl, Noyes & Co.
Carleton Bunce has been elected n vice
president of the Equitable Trust Company.
w w. Faunce. formerly in tho bond de-
partment of the Equitable Trust Company,
has become associated with Blodgett, Hart
& Co. Inc, as sales manager.
Stockholders Of the Vulcan DEFINING
Company Will hold special meeting Feb
ruary is. Among the matters to be acted
upon will be a plan agreed to by the di-
rcctors for settlement OF suit which the
company has pending against the Republic
Chemical Company. Inc, and others. That
programme calls for an increase in the
capital stock Of Vulcan from $3.500 900 TO
S5,646.0 900 by creating n new class Z per
cent cumulative preferred IN stock
amounting TO 100000 and st,226,000 OF
common "A" stock. Proceeds will be used
for the purchase of the Republic Company.
which will be dissolved.
The steamship Rotterdam has arrived
/ from the city OF the same name with
$4,000 900 in gold consigned to the Guar
anty Trust Company.
Gold coin amounting to s22i.coo has been
Withdrawn from the Sub-Treasury foi
shipment as follows.-South America
s9p.Co; Mexico. 10000 and Canada
s2i0
IIirsch, I,ilienthal a. Co.. OF the stool,
Excl Nnge. have prepared for free distribu-
tion an exhaustive pamphlet on Philadel-
phia Company. .---...-.........~.-