davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-01-21
COTTON MARKET IN
BETTER POSITION
Trading Is Narrow, but Rally,
ing Power Shows General
Tone Is Stronger.

The cotton market was hardly broad
enough yesterday to be called active,
but its rallying action following an early
loss of 10 to 25 points showed that the
recent reaction had strengthened its gem
eral technical position. The market was
off early on further local pressure. Liver
pool selling and increased offerings from
the South, but In the afternoon 1t de-
veloped a much steadier undertone.
crossing Wednesdays closing level and
advancing about 20 points. Trade de-
mand and covering by Wall Street In
terests. which had sold on Wednesday,
and support from Southern wire houses
aided its upward move. All in all the
days business had little feature. Liver
pool cables were again worse than due
and Manchester advlces continued in
pessimistic vein. Bulls were favored by
advances OF foreign exchange and OF
stocks and smaller local arrivals. yes
terday's total being only $50 bales, all
consigned. The local spot situation was
unchanged. Inspected stock was 42,S46
bales, and the twenty-five January no.
tees were reported as promptly stopped.
Initial sales were 5 to Is points lower
in a steady market. Forenoon price
movements were exceedingly small. and
after rallying to about Wednesdays final
levels the market slipped off again with
professional selling, No weakness, how
ever. was shown at any time. Business
in the latter half of the day was quiet.
buying power developing slowly as the
session progressed.
Tho report that the National Ginners
Association placed the total ginned to
January 16 at 12,000,000 bales was re-
celved without comment. The next GIN
ming report issued by the Census Bureau
is scheduled for 10 A. M. on January "a.
Its importance as factor is very small.
During most of the last hour prices
were more than Wednesdays finals. but
not all of the markets gain was held,
realizing sales causing reactions OF a
few points in the final half hour. The
market closed with a net advance of Z
to Is points. Local spot finished up
10 points at 1876 cents.
The New York herald., 1921-01-21
BRISK BIDDING MARKS
J. p. DAYS SPECIAL SALE

More than three hundred persons faced
Joseph +. Day yesterday afternoon when
he began his second special sales Of 1921.
The first parcel offered was the plot at
the northwest corner OF Monroe and
Jackson streets. with an IL" on Madison
street. belonging TO the schultz Brothers
Company. II was sold 10 Harry y. Tip
ton for $4,000 The block front on the
south side of Nichols avenue. from Ar
lington TO Plane streets. Newark, y. j..
was purchased for $4,000 by Benjamin
Meyer. The adjoining plot. 52x7i, on
Arlington street, went 10 A. Dunn.
II. Garfield was the successful bidder
for the northwest corner OF ST. Nicholas
avenue and i17th street. paying $i4.50O.
This property consists Of n five story
flat house, oe.7xi07.iix irregular. Emil
silverman purchased for sS.30o an un-
divided one-half interest IN the vacant
blot. 4s.1ixt00. at the southeast corner
or Amsterdam avenue and 1Sfth street
Henry Offormnn bought the vacant lot.
3yxa0 on the east eide of Union avenue.
TWENTY-FIVE feet north OF isist street f;
Arthur Faulkner acquired 55S Atlantic
avenue, -isrooklyn. q three story dwelling,
2Ox9o. for SS. 0o0. and o, 20 Weber pro-
cured 5ff. 5t3 and 52j West Forty
eighth street. three five story flats. for
$4,000 each.
The New York herald., 1921-01-21
PRODUCE.

ID. 51tg52c.; extras. 92 score. ool4g3ic.
flrsts. 90 TO 81 score. 47950c.; firsts. IS to
q3lc.; lower grades. 32d3ic., unsalted
higher than extras 04ikq55c.; extras. $3.50
oic.; firsts. 44G52c. seconds, 35q42c.; held
4sq49c. firsts. 42947c; seconds. 32G4oc.
lower grades, 2sq30c.; Danish casks. fresh,
4ogo0iec.; state. dairy. tubs. finest. 49g50c
good to prime, 4lq4Sc. common to fair, 500
40c.; ladies, current make. firsts. 21Q29c
packing stock, storage, 23q24c.; current
make No: !, 22423e.; No. 2. 2lc.; lower
grades. 16a20c.
CHEEsE-state. whole milk. held. early
made. flats, specials. lb.. 27is929c.; fall
made, 2612Tc.; average run. 24Q25a5c.
924c.; lower grndes. 2oa22,sc. twins. held.
specials. 261zd2shc.; average run, 24G25isc
Wisconsin. held. flats 26@2sc,; held twins.
aoS5s dssss snsi bed held oaas
icas, held. e9a29Ac.; fresh, 2sh42slzc.
skins. held. specials. 17q2oc.; prime tc
choice. 15@i7he.; fair to good. 12gii'sc
EGGS-Rresh gathered. extras. dozen, 72q
1ac; extra nrsts, Tic firsts, 6saloc. !; sec
onds and end poorer et@65e; refriserat0r
sylvania and nearby Western, hennery
whites. extras. 75g76c.; extra firsts, I3175c.
firsts. sig12c.; gathered whites. iirsts to
pulets, 66q6sc.; Pacific coast. whites. extra
firsts, 13g75c. firsts. 71Q72c.; under grades.
69q I0c. other Western and Southern. gath
cred whites, 71474c. State. Pennsylvania
and nearby Western. hennery browns, extras,
74975c.: gathered brown and mixed colors,
graded extras. 72973c.; firsts TO extra firsts,
69071c.
POTATOEs-Bermuda. per bbi.. seQ1o.5o
Maine. $50 lbs. S3.25d3.50; 165 lbs.r $3q3.2S
State, 165 lbs, s2.15q3; 40 lbs. $2.25q2.5O
Long Island. bbl., s35oT4. swEETS-Jersey.
bsl<.. Sig1.S5; Maryland, s1.25q1 Les; yams'
bbl.. S3n4.
POULTRY. DREssED-TURKEYs-- Young,
ib. $4,000. old hens, J6157c.; old toms, "a
Q56c. CIIICKENS-Nearby, lb., 30m5Oc.
Western, dry picked. fryers, boxes. 81 TO AZ
lbs. 10 dozen, 33G35c.; roasters, 36T41c.
stays .21d32c. FOWLS--West, dry picked. milk
fed. boxes. 30n41c.: corn fed. 29m40c.; bbls.,
2o140c.: scalded. 30d3Sc.: old cocks. West
ern. 24G2Gc. capons. nearby, lb.. 5OdO2c
Western, 4595sc. DUCKS-Long Island,
frozen. 40c.; Western, 27q3oc. GEESE
western, lb., 25d35c. SQUADS-Large. white.
$40 lbs. to dozen. S9G1i: 6-7 lbs. $5@l.
GUINEAS-Pair. 75c. c.Gs1; old. pair, 50GI5c.
RABBITS-Cottontails, undrawn, 23g40c
drawn, 15925c.; Jacks. undrawn, slal.2o
drawn, 50c .q$1.
POULTRY. LIyE-FoWLS-Freight 33g
35c express, 32Q37c. CHICKENS-Freight.
26d,4re.: express. 2sa32c. broilers. freight.
40c; express, 10945c.: old roosters. freight,
1Gc. TURKEYS-Freight. 45c.; express, 43D
50c. DUCKS-Frcight. d2g45. express,
45c.; Muscovy, 22c. GEESE-Freight, 2a9
29c: express. 27136c. PIGEONS-Pair,
freight or express. 50d63c. GUINEAS-Pair,
JO960c. RABBITS-Express, lb, 2oa2oc.
The New York herald., 1921-01-21
In the Dwelling Market.

Pease & Gilman sold for Mrs. d.
F'roelich the three story nineteen foot
dwelling at III East Eightieth street.
The New York herald., 1921-01-21
MISCELLANEOUS LEASES.

Henry Shapiro & Co. leased the five
story building at 1874 East Fourteenth
street, opposite the Academy of Music,
to the Kaufman Shoe Company for a
long term at an aggregate rental of
s125, 900. William Cruikshank's Sons
represented the owner Henry Shapiro
& Co. have been appointed agents OF the
property.
Charles +. Noyes Company leased a
portion Of the ground floor and the en-
tire second floor In 100 Maiden lane to
Francis Merges & Co. for ten years at
an aggregate rental of about s25o.00o.
Ames & Go. rented the store in 1901
Second avenue TO Max Cohen: also the
store in 12T West Twenty-nnth street TO
Jacob Rosen the first loft In West
Twenty-ninth street to Lenkowsky
Brothers. and the second loft i'm i27
West Twenty-ninth street 20 Bernard
Jafee.
white-Goodman leased the fourth loft
In 22S West Broadway 60 Charles Gull
lofts stores i'm 1852 Madison avenue 20
the Domestic SIR Mills; the third loft
in 27 East Twenty-first street TO Paul
Schwartz the ffth loft In IS West Eff
teenth street TO Lyon & Paion. and the
fourth loft In the same building to Louis
Schwartz. and the third loft in SO Wes,
Twenty fourth street TO Berger Brothers
r. NJ. Clear & Co. leased for the
Alsten Realty Co the one story garage
at 4O1 Ninth avenue to X. & NJ. Garage
Company.
Benjamin Englander leased 20 Freed
& fucker the seventh floor In 13s 20 1fi
west Twehty.ffth street. and the tor
floor In % 20 e6 West Thirty-socond
street 70 tIymnn \ Binder.
William A. White & Sons leased "a
Rosina j. Thurber an apartment In 1s5
West Seventy-third street.
NJ. & T.. Hess. Inc. leased the sixth
The New York herald., 1921-01-21
SUBURBAN TRANSACTIONS.

Robert e. Farley Organization sold
for l.. Ward Prince his residence on
Woodland place. in the Ridgeview Sec
ton OF White Plains. n. y, TO Joseph
Hirschman.
Prince & Ripley sold a house on Wal
worth avenue. in the Greenacres section
OF Scarsdale. to A. l.. Mercer
Thomas g. Burke sold the southwest
corner of South Broadway and sSt. An
drew's place, Yonkers, for the Dorman
Realty Company to c. l.. Pope. who will
erect building with six stores on the
site.
John L. Scott rented for Roy Pier his
house at Cedarhurst, l.. l.. to Miss Mary
Gould Luther, for w. A. Winant hie cot
tage. Lucerne. at Lawrence Beaci.. to
Roy Pier, and for Mrs. A. d. Holmes
her house at Lawrence Beach to Thomas
II. Pierson.
Mrs. Elizabeth c. t. Miller of Cleve-
land, Ohio, has bought In the Harriet
Villa section of Harrington Park. N j..
plots / and 2, which have an area of
about three-quarters Of an acre. Mrs.
Miller will erect residence there.
The New York herald., 1921-01-21
REALTY NEWS IN BRIEF.

Thomas J. O'Reilly placed a first
mortgage loan Of S1S0.000 at 6 per cent
for five years for clients of Coleman,
Stern & Ellenwood on the northeast cor
her Of Liberty and Church streets.
Douglas l.. Elliman & Co. were the
brokers in the sale of the six story DWELL
Ing with elevator at 10 East Seventy.
third street for Francis r. Palmer
Charles +. Noyes Company has been
appointed managing agent for 81 and 63
William street. a six story building.
William T. Keogh Amusement Com
pany is the buyer of the northeast corner
OF Southern Boulevard and 174th street
sold recently by Williamson & Bryan for
the American Real Estate Company.
James b. Mackle is the buyer of the
dwelling at 81 West Fifty-fourth street.
reported sold recently. 1t is d.agonally
opposite the Rockefeller homes
The dwellings at 121 West both and
1910 Lexington avenue, reported sold
recently. were purchased by Israel Mack
In and Samuel vorzmer. respectively.
The flat at 5Si Columbus avenue was
bought by Mary r. Patterson that at
1897 Third avenue by Molle Manick.
and that at I'll East Twelfth street by
Lesser Rosenpaum. All were sold re-
Gently.
Henry Lowenstein is the buyer of the
lot on the north side OF 141st street sold
by the PinlIney estate.
James r. Casale. architect. who recent
ly purchased "a sutton place, diagonally
opposite the property purchased by Mrs.
William x. Vanderbilt. is going ahead
with extensive alterations and will have
the building completed for his own occu-
pancy on or about March l.
Cocks & Wlllets were associated with
- ,,f In,
sale of Mrs. w. X. Vanderbilt's property
at Jericho. L. l., reported in THE New
York HERALD on Wednesday
new plan whereby employees of the
American Trust Company and the New
York Title and Mortgage Company, af-
fliated institutions. may open special
thrift accounts was announced last night
at meeting of the "Nyamco Club" a
welfare organization of these companies.
Mr. Edward Muilowney. assistant treas
urer of the American Trust Company,
stated that passbooks would be dis
tributed at the next meeting ands de-
posits could then be made. The meeting
was held In the American Trust Com
pany's main office. Broadway and Cedar
street, and was followed by an entertain
ment and reception.
William G.. MacI4ean. for many years
connected with large real estate con-
Germs as rental manager. has opened Of
fees at 429 Sixth avenue. corner Twen-
ty-sixth street. under the firm name OF
MacLean 4 Co.. where they will conduct
business as leasing specialists for central
business properties for owners. brokers
and tenants.
Charles Berlin procured for +. Far
rarra $4,000 first mortgage on 230 East
Twenty-seventh street from the Central
Savings Bank.
The New York herald., 1921-01-21
rsrATrs APPRAISED.

CONAN. MARTHA p. tJuly 10. ie2ol
Gross estate si0p. GAG. net estate, os,4l7
The b~-oficiarie are her son. Morgan "
Conan. and her dauehters. Theresa Conan
wifGON' utTGH NJ. fseptomber ~, tpip)
Grna- estate. si5t.t53 net estate, si32 .i3t
Olive w. wilson. his VIE, Is The soic bene
BEHniNGER. louis J. March 80. 1871
Uross estate $50 49, net estate, SJO.TTp
In addition the decedcDt had a one hall
Interest. appraised ~ sIh.gGI, IN The estai,
~ John J. Rehrlheer IIc ieft Si2s,5is Z
his sister, Wilheimina. and gave the bal
nnce ID rephews and ncces
MARTIN. DANIEL HOFFMAN tJanuary I.
tn9Ol Gross estate. SEQ, TNi net estate
S53 Gig llis wife. Alice T.. Martin. and his
daughters, Katharine and Anna. are The
bcueficiarirs.
DAVIS, MARION y. (september .. 1920, al
Worcester. Mass.). Gross estate, 1871
estate taxable IN New York, sa,e5S. Tc
MArrarct Mullen OF Barre, Mass, described
al my faithful housekseper. the tes'atrlS
left the incomes from $4,000. A cousin
rdith Richardson. and other relatives re-
ccivud the balance OF the estate.
The New York herald., 1921-01-21
GUATEMALA DIsARMs.

wAsutvoroH. Jan. 20.--Guatemala's
standing army Of $1,000 men is to be cut
to 5000, Julio Bianchi, Minister from
Guatemala, announced tonight, adding
that II was "hn action Of much interest
with the press OF the world discussing
disarmament"
"'rhe era Of petty wars and revolution,
believe. Is at an end" the Minister
said. calling attention TO the recent de-
cislon OF the Central American Union
Congress for the federation OF Central
American republics Guatemala. he
added. by reducing her army. proved her
belief chat confidence had superseded
fear In Central America" and also would
save 100000 n month
The New York herald., 1921-01-21
SUGAR..

Sales of more than $4,000 bags Of
Porto Rlcos and new and old crop Cubas
in afloat and prompt clearance and ship
ment positions on basis OF 4ssc., c. and
T.. for Cubas. and 5.S9c.. c. l. f.. for
Porto Ricos was believed practically TO
have cleaned up yesterday the raw
sugar market of all prompt shipment
offerings and the day closed with the
market firm and no sugars pressing for
sale Local and outport reflners we're
yesterdays buyers. Demand for refined
sugar dragged along at unchanged
prices. orders coming forward being for
immediate delivery.
The range OF prices in yesterdays
sugar futures market follows:
The New York herald., 1921-01-21
BRONX DEALS REPORTED.

The six story apartment house at 2s4
and 2s6 East i43d street, 50x1lO, has
been sold by Neuer & Cohen. The brok-
ers were Henry S. Krschner and the
Sherman Brokerage Company.
Laumeister & Hermann sold the two
family house at 1641 Garfield street. in
the Van Nest section.
Neuer < Cohen sold the six story
apartment at 294-296 East 143d street.
50x1l0.
Harry Calm purchased through Samuel
Singer from the Shaskan Realty Com
pany the plot on tho west side OF Je-
rome avenue. 170 feet south of 170th
street, 75x225, through 20 Inwood ave
nue.. Plans are now being prepared for
the erection Of garage building.
The New York herald., 1921-01-21
PROPOSE STOCK RETIREMENT

speciui Despdtch to TIE NEW YonK Hrnu.p.
Prrrssuna Jan. 23.-The directors OF
the Pittsburg Coal Company voted yes
;erdav to recommend TO the stockholders
that they retire s5,OOO,o0O OF its pre-
ferred treasury stock. The stockholders
will meet on March 20. when the matter
will come up for final action.
The New York herald., 1921-01-21
THE COMMERCIAL TRUST COMPANY
AE NEW YORK.

broadway and 4ist Street. New York,
January 20, 1921.
At the annual meeting OF the Stockholders
OF this Company. held January 10, 1921, the
following were elected Directors to serve un-
III 1924;
iE. q. ACHEsoN, d. J. BOYLAN, HAR-
RINGTON EMERSON. LOUIS HAAS. y. T.
MOORE, II. ID. NESSLER and JOHN b.
SHEARER. For Inspectors of Election !:
JOHN A. BADENoCH and ]. RoMAINE
BROWN.
At a subsequent meeting OF the Board Of
Directors held on January 20. 1921, r. K.
MOORE was reelected President. II. FINS
MANN. Vice Presidents, f.. FINsTT1WAIT,
Treasurer; J. G.. HEMERICH. Secretary.
and J. b. RIEGER, Assistant Secretary.
The New York herald., 1921-01-21
COFFEE CABLES.

Rio unchanged TO - res higher Dollar
rate, 10 higher nt 6S5I0 Exchange. 1-i6d.
lower at o-16d. Receipts, 5000 bags, and
stock. 475000 bags. Santos spots not
quoted. Futures unchanged to IS reis
higher. Receipts. 81 900 bags. and stock
3.i04 900 bags. Receipts at ports, $1,000
bags. against II 900 a year ago and $1,000
two years ago. Sac paulo, 30, 600, against
5000 and $4,000 Jundiahy, $1,000. against
1000 and 10000 bags respectively. Fine
weather In two districts Of Sac Pauio and
rain In three Cleared from Victoria. 10000
bags for New York.
The New York herald., 1921-01-21
JULIUS ~ KAYsER s co.

The regular quarterly dividend of one and
three quarters per cent. UAq5) upon the
First Preferred Capital Stock and the regular
quarterly dividend OF one and three-quarters
per cent. uAss) upon the Second Preferred
Capital Stock of Julius Kayser d Co ma $
been declared. payable February 1st. 1921, TO
the holders of record Of said First Preferred
Capital Stock and of said Second Preferred
Capital Stock at the close OF business Janu-
ary %, 1921.
Dividend checks will be forwarded by Guar
anty Trust Company of New York.
CHARLES SINN. Secretary.
The New York herald., 1921-01-21
ASSIGNMENTS.

THE AMHERST SHIRT MANUFACTUR1NG
COMPANY. INC, manufacturing shirts. %
Walker street, has assigned for the benefit
of creditors 10 Isadore L. Steinbcrg Sig
mund Gropper IL president of the COM
pany, which was Incorporated In 1920.
HARRIS q SCHECHrER. retail furniture
dealers, 1at Avenue G.. assigned 10 Joseph
Krlnsky. The firm IS composed OF Samuel
Harris and Abe Schechter.
The New York herald., 1921-01-21
SMELLING co. PASSES DIVIDEND

The American Zinc, Lead and Smelt-
ing Company yesterday passed its regu-
lar ouarterlv dividend Of $3.50 on pre-
ferred stock. paid since August 1916.
General conditions IN The industry and
desire TO conserve cash were given as
ieasgns.
The New York herald., 1921-01-21

floor in the building at $3.50 West Twen-
ty-third street, through to 9-19 West
Twenty y-second street, containing about
81 900 square feet OF floor area, at an
aggregate rental OF st25,000. The Dex-
ter Folder Company. who are the lessees.
viii use the premises for its executive
offices and showroom w. Z. Tucker rep
resented the lessees.
The New York herald., 1921-01-21
LEE RUBBER & TIRE CORPoR5ATIoN

New YORK, January 20, l921.
The Directors OF the Lee Rubber g. Tire
Corporation have this day declared a quar-
terly dividend of fifty cents (5Oc) share
on the capital stock Of this company. pay
able March I, 1921. to stockholders of
record February II. 1921.
HENRY HOPKINS, JR., Secretary.
The New York herald., 1921-01-21
STATEN ISLAND MARKET.

Cornelius O. Kolff sold for the Hender-
son Estate Company 10 Frank Connolly
OF the Overseas Warehouse Corporation
a building site. 75x135. on the east side
of Bard avenue. north of Henderson
avenue. Livingston, Staten Island.
The New York herald., 1921-01-21
CHELSEA REALTY COMPANY.

The Annual Meeting of the Stockholders Of
the CHELSEA REALTY COMPANY for the
election of Directors and Inspectors Of Elec-
tion to serve for the succeeding year VIII pc
held at the office Of the Company. No. 135
Broadway. New York City. on February ],
1921. at ~ o'clock noon.
The stock transfer books Of the Company
viii be closed at 3 p. NJ. January %. 1921.
and reopened at 10 A. M. February 2. 1921.
Dated New York. January IS. 1921.
GERHARD KUEHNE. Secretary.
The New York herald., 1921-01-21
PRopUs AIS.

FOR SALE. UNDER SEALED PROPOSAL,
Patrol vessel NIMROD, with equipment
Can be seen 25th ST.. East River. week days.
Army Building. 80 Whitehall ST.. Room 500.
The New York herald., 1921-01-21
EXPORTS FROM NEW YoaK.

Exports from New York yesterday
Oats. s9,s26 bu.; bacons, 226500 lbs.
hams. s7,5OO lbs flour. 1900 sacks
iubricating oil $4,000 gallons.
The New York herald., 1921-01-21
New Process Cork Company.

Notice Is hereby given of the annual meet
ing OF the stockholders Of the New Process
Cork Company, to be held ON Friday, Janu-
AIRY 2sth. 1921, at . o'clock in the afternoon.
at the office OF the Company. No. 43 Ex-
change place, Borough of Manhattan, City OF
New York. for the election OF Directors for
the ensuing year and OF two inspectors OF
election and for the purpose OF transacting
such other business as may properly come
before the meeting.
Dated January 18th, 1921.
The New York herald., 1921-01-21
RECEIVERS IN BANKKRUPTCY.

The following receivers In bankruptcy were
appointed by Judge Hand Thursday In the
United States District Court 80
LEO GORDIN SHOE COMPANY. NC
Thomas +. Dolan OF Boston. president OF
corecciver with Percval Wilds. Joint
bond, $4,000. Wllds was appointed re-
ADLER WflHsTocK. shoes. go VIII
loucnhy avenue. Brooklyn. James Gray.
anciary receiver. with bond OF 81 00o,
Gray a general receiver for the alleged
bankrupt The assets % the firm W this
datrct are IN an office they maintained
IN los Duane street.
ISRAEL CAROLINE. leather. ~ Cold street ;
Augustin Derby. temporary receiver. bond
81 600
I.I,REl(A SCRAP IRON AND METAL CO.
Eiwood ". Rabenoid temporary receiver.
hond 81 600
The New York herald., 1921-01-21
CITY INyEsTING COMPANY.

New York, January 20. 1921
The Board of Directors of the CITY IN
vESTINC COMPANY has this day declared
q dividend of six per cent. (6qel upon the is
S,ed and outstanding Common Capital Stock
payable on January 20. 1921, to Common
stockholders Of record the books of the
Company at the close of business that
date. and q dividend Of four per cent. t4eo,
upon the issued and outstanding Common
Capt Al stock payable on February 4. 1921.
to Common stockholders of record at tho
close OF business on January 81. 1921.
The New York herald., 1921-01-21
NEW ORLEANS MARKET

NEW ORLEANS. Jan. 20.-During a good
part of the session In cotton to-day prices
were depressed, but in the late trading the
ma rl<e; strengthened under reports from the
north central belt of better demand for
spots and claims from the Eastern belt that
mills shortly would be running fun time.
The close was at gains of . to ~ points.
Close-January. 14.13c.; March. 14.s2c.; May,
14.ssc.; July, 15.05c. October. 15.15c.
The New York herald., 1921-01-21
DIVIDENDS AND INTEREST.
INTERNATIONAL MERCANTILE
MARINE COMPANY
preferred Stock dividend

A semi-annual dividend of three per cent.
on the Preferred Stock has been declared b1
tho Board OF Directors. payable Fepruar1
close of business January 14th. 1921. Checks
will be mailed.
II. G. PHILIPS. Treasurer.