The New York herald., 1920-01-22


for transfer to India. Another consign-
ment OF $4,000 has been Withdrawn for
shipment to Mexico
The annual report OF the Detroit Edison
Company for the year ended December 81,
1919 shows a surplus OF s2.656,7So, after
allowing for charges and taxes. That is
equivalent TO s993 8 share earned on the
capital stock as compared with s9.I in
1918. Gross revenue was $l6,49S,S9l as
compared with s3,sol,521
Dispatches from, Sharon, Ps-. yesterday
announced the Carnegie Steel Company
has appropriated 81, 10000 for the purpose
of constructing $50 houses for It's en-
ployes and a modern community house
at the new steel plant at Mcdonald, Ohio
Announcement was made yesterday by
the American Smelling and Refining Com
pany that extensive improvements are
being made to it's smelter near Chihuahua
Mexico. The capacity will be increased
through the new improvements.
Something Of the growth of the natural
gas industry in the United States during.
the last several years Is outlined in a
report issued by George Q. Smith, Of the
United States Geological Survey In 1908,
Is
ing 1000, 900 900 cubic feet; ten years later
80 900 wells were producing double that out
put
The Northwestern Miller In It's weekly
trade review says:-"Erra1c and lower
wheat prices have been followed by a.
drop of Is to 80 cents a barrel In flour.
Little buying activity is reported as pur-
chasers seem to have fair stocks, but mills
are busy filling old orders and the weeks
output was probably more than 100000
Directors Of the General Oil Company, of
Houston, Texas, have declared monthly
dividend of per cent. That Is an in
crease Of per cent on the monthly dis
bursement. Announcement was made that
the company is laying it's own pipe lines
from its Red River properties to its re-
finery at Wichita Falls. Sites for filling
stations bearing the companys trade mark
"Genoco" have been leased in the South
west, 1t was reported.
Contracts for five additional wells have
been awarded by the Burknett Van Cleave
Oil Company on its Iowa Park tract, 1t
was announced yesterday.
Tho Wall street division OF New York
University, which since 1915 has con-
Quoted classes in the Broad Exchange
moves on February to its new
quarters in No. 80 Trinity place, formerly
the Trinity Church school. BY this
change the Wall street division believes it
will be able to take care Of its greatly in
creased activities, which this year have
attracted more than thirteen hundred stu
dents.
Employees Of the Stock Exchange will
hold their fifth annual ball at the Palm
Garden Friday, March 5. The Commit
tee on Arrangements has decided to dedi-
cate the ball to the honor Of the employees
who served with the colors. A souvenir
containing 800 pages has been
compiled. Members Of the exchange desir
ing to purchase boxes for the ball are
to send cheques to John c.
Burk, treasurer, No. IS Wall street.
The Reichsbank In Berlin offers pre-
MUM for silver marks, and will exchange
61a marks in paper for ever ysilver mark
piece. Silver coins are expected to van
ish completely from circulation in Ger
many as the result Of this action.
The United States Mortgage and Trust
Company has been appointed registrar of
the capital stock of the Indiana and Illi-
nois Coal Corporation.