The New York herald., 1920-01-17
Financial Briefs.

silver was qucreG AZ s12sis an ounce veg-
te-day. That is decline OF nea:,v seven
cents an ounce in the last two 6aEs. ST.
yer was quoted yes:erday below the dollar
l,ltutins standard e fi.G3 pc fine ounce
for the first tia.e "a several weeiis Al
peculiar feature Of The white metal mar
ket was the reported selli-g OF meta from
jninese sources. bot IN London and the
Orient.
Handy & Hsrman. silver bullion dealers
have issued for free distribution panl-i
phlet or tho fEer:ew OF tie Silver Situa-
ton for 1873. h,i
Al the annual meeting Of stockholders
o, the state Bank Tire Board was increased
from eleven to fifteen members Sol Wex-
lcr. ". l.. Bah. NJ. Ii. Mann and Michael
Tuch were added to the Board.
Stockholders OF the Southern pacifici
Railroad will hold their annual meeting
at Anchorage. KY, April = it was am
Tounced yesterday IN addition 10 elect
ing fifteen directors the stockholders will
be asked TO consider and act upon all
questions relating to federal control OF tie
properties OF the company and their return
to private operation
w. A. B. Ditto has been elected assist
ant cashier OF the seaboard National
Bank.
A. II. Smith. president OF the New York
Central Railroad. was yesterday elected
director of the Hudson Trust Company
Directors of Sinlrns Petroleum Company
yesterday approved the contract with
Booth & Flynn for the immediate con
straction of 30 mile standard eight-inch
pipe line with capacity OF 20 oC0 barre. e.s
a day. from It's properties in the Homer
field OF Louisiana to tdeWatcr on the east
bank of the Mississippi River. just north
Of New Orleans.
The Fort Worth and Denver City Rail-
way Company has placed an order for
five large Millado engines with the Bald
win Locomotive Works.
The American Exchange National Bank
has issued a pamphlet containing the Edge
bill. The purpose of that bill was to pro-
mote American export trade, providing
a method through which foreign buyers
of American goods can obtain such goods
on credit.
! Potter Brothers & Co.. White, Weld &
Co. and W. A. Hartman g. Co., Inc. an
nounce the 100000 Atlantic Fruit Com
pany seven per cent debenture bonds Of
fered by a syndicate of which they are
managers. have all been sold.
! G. G. Yeaton, formerly assistant man
ager of the Lexington branch of the Corn
Exchange Bank, has Joined the sales
force Of Chandler & Co., Inc
Officials Of the American La France
Fire Engine Company announce that an
/ order has been received from the city OF
New York for twenty-one of the largest
size pumping engines for the Fire De-
partment The contract involves approx
mately $250,oo0
| A syndicate composed OF the National
City Company, the Guaranty Trust Com
pany and Harris. Forbes 6: Co. announce
the issue OF s4.340.60O Miami Conservancy
District (Ohio) 51a per cent bonds has been
sold.
Modern Miller reports are unfavorable
on winter wheat from States where tenn
Iperatures were low and the plant is with
out projection Comparatively little spring
wheat will be seeded in winter wheat ter
ritory because OF poor crops last year.
Much wheat is still in stack in Kansas.
Hessian fly Is feared, as infestation is
more general than in years.
/ The Holiday Refining Company is con-
.lstructing new plant and pipe line in the
Iowa Park field to handle the output OF
the Burknett Van Cleave Oil Company. II
was announced yesterday.
TIE periodical Questions and Answers
lin its current issue under the caption of
Reminiscent contains a picture OF
u Daniel Drew. Under the portrait is the
name J. Frank Howell.
Stockholders OF the Pacific Bank at .
meeting yesterday voted to increase the
ca pital stock from 10000 to 3l,0oO,o0o.
4 resolution adopted by the New York
State Bar Association at its annual meet
ling yesterday discourages the practise OF
law by trust companies. The resolution
was unanimously approved and states that
trust companies, while performing proper
and legitimate functions of n business and
| fiducary character. are not constituted or
organized for the purpose OF furnishing
! legal advice to clients, drawing wills or
furnishing legal services"
! Dispatches from Montreal yesterday
quoted Mr.. Butler, president OF the Ca
madam Car and Foundry Company, with
! saving the business handled by the com
pany during the last year amounted to
So, 900 900. The company, he said, entered
the new year with 100000 worth OF busi-
/ ness on its books.
\ Senator Owen Of Oklahoma, yesterday
requested President Wilson to cali an in
ternatonal exchange conference 70 be
held in Wa shngton. according to de-
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