The New York herald., 1920-01-11
Financial Briefs.


after the close Of the exchange yesterday
was comparatively small. Rates were:-
Z. s. steel, Tx per cent ndustrials, gem
orally. per cent; railroads, 5 per cent;
American Telephone and Telegraph, per
cent
Mr.. Hines, Director General of Rail-
roads. yesterday signed q contract with
;he Southern Pacific Terminal Company
fixing the annual compensation at s2Si,IGi.
Stockholders OF the Sonora Photograph
Corporation at special meeting yester-
day voted TO change the name OF the cor
poration to Sonora, Inc
w II. johnson, president of the Grape
Ola Products Corporation. announced yes
terday that since the advent OF prohibi-
ton business of the company has m
creased on large scale. The company
has a working capital or s2co,vp and
sufficient supply Of crushed grapes to
provide for an annual merchandising
business of 81 $4,000 Mr.. Johnson said.
The Kelly Tire and Rubber Company, of
New Haven, Conn. is entering the metro
poIitan field and Offering TO the pubic
q limited number OF shares OF common
stock Heretofore the business has been
financed almost entirely in Connecticut.
The company hopes 70 place It's STOCK IN
the hands OF as many automobile owners
as possible.
C,ornorate financing in 1919 reached the
highest figure IN its history, aggregatins
81 94s. $4,000 as comr2red with N'2l5'sszUV
In 1915 That record was achieved in race
Of n almost tight money market and COM
petition from both domestic and foreign
government financius
United states Corporation has beer ap.
nointed transfer agent OF the s15,ooo.00o
|capitat stock OF Mexican OIL Corporation.
The mar value OF the stock is 80. The
con1pany owns % 7S5 acres IN tho oil belt
Iof Mexico.
The Committee on Securities Of the
stock Exchange yesterday issued the toi-
owing statenlent:-"The Committee on
securi,ies rules that bonds of the jap
anera rovcrnrent bearing revenue stamps
~ snv foreign government shall be dealt
in snecificalIv and so quoted and Will not
iurtiI surther notice bc a delivery for other
than euch q specific ranssction.
Armour e. Co. says" Although prices
az fresh pork cuts have pccn strong, they
showed n 70 pcT N'HN 80 ND"'f"''N
,..,.r = 1ea- ago There has been an un-
l,,s,,ai demand FOR thiH r~oduct caused by
l.oid ,yostbe- and the fact that present
80, ,rices arc cheap compared with
iother food products. Hog receipts are
fairly liberal. but retarded By car short
age Hog prices arc strong. averaging
higher than last week. With the holiday
season over. cured products, especially
hams, move into consumption and sell
relatively
p,y,s A King general manager Of the
ISinr petroleum corporation. yesterday
a,,,onncaa the company has started drill
inv an four new wells. King Petroleum
las seven producing wells. the product Of
whicb il is selng under contract to Texas
Company.
Kametaro Fujita. 81 re- Worth. Texas
Nrertt,,,cr X To.wi. Of Sartorius. smith
& t.oavi \ ~: J. Marks. OF John r.
Giarlf < 90. and Albert G. WALKER. of
,.,.aan,iito ( c. have been elected to-
,,,o,nberahip IN thu cotton Exchange
THE Mercantile Bank OF the Americas
arno,inces the opening ia Cucuta Of the
nta,.anth branch OF va affiliate. the Banco
Nforcartil Americana de Colombia the
besd orficc of which rs in Bogota. Colom-
bia.
A. an indication Of activities on the pro-
aur, rxchsnpc fhcre wore twcnty-sixl
....,,,,iotr and rcguiur rteniberr elected
lasl .ccA, bringing -As LoLal Tor the ysas