The New York herald., 1920-01-06
Financial Briefs,

Transactions on the Stock Exchange for
The week ended January 3 totalled 59gi
100 shares That COMPARES with 1865, 400
crease of 2,264, 500 shares. The daily aver
age for the week was 1,1S6,0Oo shares, com
pared with 113,SSD.
shipped to China by waySof telegraph 10
San Francisco.
Trustees of the profit sharing fund of
me Columbia Trust Company will dis
tribute to each employe as his share for
1919 10 per cent of his salary Older en-
ployes will receive increased percentagek
Henry l.. Doherty & Co announce the
eleventh monthly distribution on Cities
Service Company Bankers shares will be
1873 cents a share. That makes a total
of $5.15 distributed on those shares in
eleven months
The syndicate which recently sold the
$40. 10000 I per cent fifteen year sink
ing fund convertible gold debenture bonds
OF Atlantic Fruit Company has underwiit-
ten an issue of 140.00Q shares of common
stock of the company. The managers of
the syndicate are Potter Brothers 4. Co,
White, Weld & Co., and w. y. Hartman
& Co.
mis- position as vice president of the Cen
trail Union Trust Company Is making his
headquarters temporarily at the office
of Walter p. Bliss.
w. II. Johnston, president OF Crane Ola
Products Corporation, said yesterday that
after complete distribution OF the remain
der of the treasury stock of tho company
there will be outstanding less than 1n,500
shares of per cent cumulative par
ticipating preferred and 56S.JoO shares OF
common. Total Capitalization Of the com
pany is si,5oo,0oo. with no bonded or other
Indebtedness.
Herbert s. Hadley. formerly Governor or
Missouri and a director of the King Pc
troleum Corporation, a consoljda ton of
several producing companies, announced
drilling had been started on five
additional wells. The company now has
seven producing wells. 1t was reported
Reports received at tho offices of the
Burknett Van Cleave Oil Company veg
terday said work has been started on sew
eral new wells on the Texas properties.
United States Mortgage and Trust Com
pany has been appointed transfer agent
of the capital stock Of the Consolidated
Manganese Company Inc.
Bankers Trust Company has been ap-
pointed transfer agent for the capital
stock of the Atlantic Oil Corporation.
At a meeting OF the executive committee
OF the Guaranty Trust Company William
Leon Graves was appointed assistant sec
retary Of the Paris branch office. The
following appointments were made for the
Brussels office:-Lson de Wacle, mana
ger; Richard y. staisg. assistant mana
ger; Charles Giese, secretary; G. G..
de Ceuster, assistant secretary.
Union Tank Car Company, formerly
Union Tank Line Company, has an
nounced that pursuant TO the pro-
visions of the equipment trust agree
meut with the Equitable Trust Com
pany, dated August IL, 1917 the trust COM
pany. as trustee, has elected to redeem and
pay Off on February 10 next the entire
issue of equipment trust per cent
gold notes. series \. outstanding under
the said agreement.
Additional equipment has been installed
at the plant of Perfection Tire and Rub
Der Company TO provide for tlyc increased
foreign demand for tries and tubes, IL
was announced The company now ex-
poets to produce three hundred tires Of
METRO sizes, dallN.
IN an article iu the current issue Of
Chase, a monthly publication issued by
the Chase National Bank. a. Barton IIsp-
burn writes that the small investor should
ignore tips" on stocks. The so-called
Zip" he says Is one Of the ridiculous fea
lures of stock gambling, yet thousands
of persons solemny whsper to each other
tips from tho inside.
Consolidated 1nterstste-Callahan ship
ments for December show large increase
over the preceding month. Shipments
were 100, 600 pounds 70 per cent Zinc Con-
centrates as compared with $500 900
pounds in November. Lead Concentrates
Z. 200 600 hounds. as compared with 2,iopDps
pounds in November and Silver 2,pp
ounces as compared with 10000 ounces In
November.
Trustees of pront sharing fund In force
at Columbia Trust Co.. will distribute to
cach enployc as his share In 1919 profits
a minimum OF n per cent of their 1919
salaries with increased percentages to cl-
der employees. Directors Of the companr1
also have authorized payment this year
OF an extra compensation to each cmploye
Of Is per cent Of his salary payable
bccausc OF the high cost of
living.