davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-12
BUSINESS JOURNALS
NOTE BUYING REVIVAL
Fear of Labor Difficulties
flinders Situation.

Business journals report that, while
the general situation is far from salts
factory. here and there some revivals
in buying are taking place. The menace
of labor difficulties is given a proni-
nent place in the reviews as a possible
aggravation of the situation. Failures
| for the week show a decline, as do
weekly bank clearings
BrddStrCets says: Continued irregu-
larity in trade and industrial lines, gains
in some contrasting with decreases in
others; something like a transference of
distributive trade activities from pri-
mary to secondary lines and markets !;
rather less steadiness in commodities,
especially grains. which are generally
lower on larger than expected Govern
ment estimates of old supplies, and dairy
products and iron and steel and other
metals some weakness III securities
markets set over against rallies in ex-
change rates. and last, but not least. a
very general move on the part of the
country's railways to readjust cost OF
operation in the matter OF wages Of their
employees, are among the outstanding
features in the weeks dispatches. In
deed. the general labor situation Is more
than recently subject Of interest and
ing
Dun'S ReUiclo has this summary Of the
situation with the advancing season
there is some stimulation of activities in
certain directions and an early opening
OF spring trade is foreshadowed. Favor
able weather and the near approach OF
Easter are helpful to retail distribution
in different sections. and offerings Of
new merchandise are meeting with A
reader sale than had been expected in
some quarters. The reported paucity
of supplies i'm few lines, as in some
textile branches. also gives moderate inn
petus to buying. and a measure of sup
port of prices after protracted period
of yielding.
Broadly considered. however. the
situation is still marked by various un-
satisfactory features. especially in i'm
dustrial channels, and revised estimates
OF the general purchasing power are
necessitated by the frequent wage reduc-
tions and restricted manufacturing op-
erations While orders flow more freely
TO some producers, the demand remains
fitful and usually in small lots to cover
. immediate or nearby requirements
The New York herald., 1921-03-12
WHEAT SURPLUS
is 165,OOO,OOO BU.
Amount for Export and Carry.
over in u. s. and Canada
Is Bureau Estimate.

WASHINGTON, March ti.-The wheat
surplus for export and carryover OF the
United States and Canada is 165,00o,-
900 bushels. according to estimates Of
the Bureau of Markets, based on official
and commercial reports. II was said to-
day at the Department of Agriculture
The combined crop OF the two countries
and the carryover from the 1919 crop
were placed at 1853, ,0o0.0 900 bush eas- The
surplus estimate. II was explained. took
into account bread and seed require
ments and export clearances from sea
ports TO February 81.
According 10 some French estimates,
department officials said. exporting
countries have 293 100000 bushels OF
surplus wheat, but import requirements
OF countries that can buy wheat are
$4,000 900 bushels. leaving a net sur
plus Of $4,000. 900 bushels.
Some new features OF interest, but
OF uncertain Importance at present.
have appeared in the world situation. :"
officials said. 'Manchurian wheat is
being sold to western Europe and -four
made in China Is being imported into
Egypt"
Wheat available for export from Ar
sentina was said 10 total l20.2so,000
bushels.
The New York herald., 1921-03-12
INTERSTATE RATE
CASE ARGUMENTS ON
L. c. C.'s Authority Denied
and Upheld in Turn.

-WAsHINGroN, March 1l.-Authority
Of the Interstate Commerce Commission
under the transportation act 10 super
wise railroad rates within the States was
denied and upheld in turn in opening
arguments to-day before the Supreme
Court on the test case brought by the
State of Wisconsin.
Attorneys for Wisconsin and the
forty-two States joining in the proceed
ings declared the construction placed on
the transportation act by the commission
in exercising control over state rates
to be destructive Of our dual form of
government and contrary to the spirit
OF our Constitution" and to amount to
unified control over commerce."
Counsel for the railroads declared that
the States which have refused to ap-
prove rate Increases within their bor-
ders to the level OF interstate rates as
ordered by the commission mot only
arc injuring Interstate commerce but are
Claiming an unfair advantage of their
sister States who have acted literally In
the public interest"
The forty-three States joining in, the
proceedings are attempting to obtain an
order vacating the injunction granted
by Federal courts to the Chicago, Bur-
lington and Quincy Railroad preventing
any interference with that road in its
establishment or increased freight and
passenger rates within the State of Wis
ccnsin as authorized by the Interstate
Commerce Commission. Permission was
given the various States to file briefs
and to be represented orally through an
attorney acting for all. They selected
John E. Benton. general solicitor OF the
National Association of Railway and
Utilities Commissioners, as their repre-
sentative.
The importance attached TO the case
was illustrated Immediately when the
court allowed a total of nine hours for
argument.
The New York herald., 1921-03-12
WOOL.

BosToN, March 1.-THE Commercial
Bulletin of tomorrow will say: cat the
moment the wool market is reported
quiet, with prices hardly changed and
with dealers waiting the advent OF the
manufacturers to the market TO cover
their raw material requirements against
the sales, which are reported to have
been fairly satisfactory in the goods
market.
Interest centres chiefly on the ques-
ton of the probable action Of Congress
with reference to the tariff"
The Commercial Bulletin of to-mor-
row will publish wool quotations as fol-
lows: Ohio and Pennsylvania fieeces-
Delaine unwashed, 40m42; fine un-
washed 81 133: half blood combing.
33G35: three -eighths blood combing,
500 81. Michigan and New York fieeces-
Delaine unwashed. 39n40: fine un-
washed, 29m 80 half blood unwashcd,
32G34 three-eighths blood unwashcd.
29M30 Wisconsin, Missouri and average
New England-Half blood. % n % three
eighths blood. 26; one-quarter blood.
24n25. Kentucky. West Virginia and
similar-Three-eight blood uuwashed.
9sGSo onc-quarter blood unwashed.
2s42s. Secured basis: TeXas-Fine 10
months. 75aS5: fine eight months. SIS a.
60. California-Northern, 1SdS5: mid
die county. rs; Southern. 50 q 60 Ore
gon-Eastern No. l, staple. S0n90
Eastern clothing, 65 10 Valley No. /,
65 a 30. Territory Fine staple choice,
$50 s5. half blood combing, IS q so
three-eighths blood combing, 53HJS
one-quarter blood combing As a Is; fine
and fine medium clothing. 65d 10.
Pulled-Delaine, e5a 100: AA. 900
100; A supers. 7oa So Mohairs-
combing, 500 % best carding, 25927.
The New York herald., 1921-03-12
FIRESTONE OMITS DIVIDEND.
Tire Company's Directors Decide
TO Conserve Cash.

TIE Firestone Tire and Rubber Com
pany's directors passed yesterday the
quarterly dividend on its common stock
but declared the regular dividends on
the two classes of its preferred stock.
In announcing its directors action the
company issued a statement saying that
they had deemed it advisable to conserve
cash resources and enable the company
to increase its production and replenish
its stocks of finished tires which have
been depleted during the last eight
months. The officials estimated that its
sales for March would exceed 5000 900
in contrast to average monthly sales
during the peak production OF last year
of $i0,000.000.
we hape reduced our sales and ad-
ministrative expenses more than 90 per
cent" the statement continued. (which.
with lower labor costs. gives US a firm
foundation for increased production and
increased earnings, justifying q resump-
ton Of the dividend on the comman
stock for the next quarter
The New York herald., 1921-03-12
CANTON STEEL PLANTS UNITE.
United Alloy. berger and United
Furnace Decide on Merger

CANTON, Ohio. March l1.-Announce.
ment of the proposed merger Of the
United Alloy Steel CORPORATION with the
Berger Manufacturing Company and the
United Furnace Company. all Of Canton
was made here to-day The consolida-
ton Will have a gross balance sheet OF
$4,000 900. Stockholders ~ the three
companies will meet 10 ratify the terms.
An additional blast furnace. several open
hearth furnaces and anishin. mill viii
be constructed.
The United Alloy plants will resume
operation Tuesday or q reduced produc-
tion basis Employment viii be giver
several hundred mon The plants hav,
been closed since the latter part OF No.
vember.
The New York herald., 1921-03-12
Average Bond Prices
Mnrch IL. 1921
BOND NEWS AND NOTES.

The State OF South Carolina has sold
to local banking syndicate S3,000,OO0
of 6. per cent. tax anticipation notes,
which are exempt from all Federal In
come taxes. They mature weekly in
the amount of $500. 900 each from Janu-
AIRY IL to February Is. 1922, both inclu-
sve. They arc being offered to yield s X
per cent. for any Of their maturities. The
syndicate is composed OF the Bankers
Trust Company. Curtis g. Sanger, Bern
hard, Schole & Co. and Hannahs. Ballin
& Lee. Their principal and interest are
payable at their maturity in New York.
They are eligible for postal savings de-
posits and are legal investment for saw
ings banks and trust funds in New Yoi1S
New Jersey and other States South
Carolina's bond debt is less than Iii
per cent. Of its valuation, which is fixed
at Sl4S,222.7S6 and represents about a
third of the actual valuation. Its popu-
lation in the 1920 census was 1,SS3,662.
The New York herald., 1921-03-12
NEW TRADING BASIS NEEDED
Bank Agent Says L. $. Faces Loss
In Mexican Trade.

new understanding and q new trad
ing basis must be reached between the
American exporter and the Mexican
buyer if the United States is 10 retain
its leading position in the trade of Mex
leo, according TO a report received by
the Irving National Bank from Joseph
W. Rowe. its representative in Mexico
City.
IF thes buyer in Mexico must pay for
his American goods sixty or ninety days
before he receives them" the report de-
clares. "and then must give sixty or
ninety days credit to the domestic pur-
chaser. it is obvious that he will prefer
the easier terms which European COM
petitors offer him. and the United States
will be in danger of losing this rich and
promising market which is logically
here
The New York herald., 1921-03-12
OPERATES AT PRoFIT-DEFICIT
Freeport Texas Co.'s Surplus
Eaten by Charges.

Although the Freeport Texas Com
pany had a profit from operations in
1920 il was insufficient. 20 meet the
charges for interest. depreciation. de-
pletion and taxes. Therefore the COM
pany nad a net deficit OF s3S.9S2. COM
pared with net income in 1919 of se2i.sSS.
Net profits after cost of sales and eN-
pcnses we're sl.i43,2i3. compared with
81 l.4T3.33 in 1919. Other income was
sl9.62l, compared with sl29,0Sl. and Fed
eraI taxes sl75.7lS. compared with
S79. 1873 Charges for interest. depletion
and depreciation aggregated $i,S260yS'
compared with $Ses.3se. The total prott
and loss surplus after the deduction oil
tho deficit and the payment OF taxes for
1919 amounted 10 S.iSl,G ,Gpl.
The New York herald., 1921-03-12
PRODUCE.

BEAN~-Afarrow. choice 1920 100 lba
So. red kidney. 1920. 50. white kidney.
Si35Oplt
BUTTER-Crca mery. higher than extras.
lb. 49, n sc. cStras. e2 score. ass. n 47c.
firsis. 90 - ~ score. 4Jft4Gltc. firsts S. 20
sa score, l@0iic. seconds. 50 "a 81 score.
uieher uhan eSttas, 5Oi~p5ic.. extras 40 ,yn
sos, firsta, 3JM49c seconds .gT44ic.. held
OF storage, extras. 43I44c.. firsJs. 3sa42c. 2
seconds. 30g3ic: iower graJcs. 2Ta2ac. !;
Danish casks. fresh. 4Ga47c. state daity
tubs, finest, 45Mtehc good 20 prime. 3aU
4lc,: common e fair. 2sa2sc. isdles cur
rent make. firsis. 2Gd2sc. seconds, 2sN
2lc.: lower gradcs. 2id22tsc: packing
stock. current inaks. No. 1. 23H23isc. No
:, &c. lower grades. isn2ic.
CHEESE-sta,e, whole milk held, early
2sn2Slsc.. average run. 26a27c. fresh spe-
Gals, 2Gu20lgc average run. 25U2Gc. :.
iower grades lsa2iio twins Geid specials
2IAH2sIc;, average run 2'n2'se.t Wis.
consin. held flats, 26a2se. held twins, 2Ga
&c; single daisies. 50. 25lsQ2se double
held. e5a2ac fresS' 81 SKINS heid spe
cials, i1is6lesc prime t0 choice. f2diGr. /.
fair 70 good. i0r tec. lower xradee, Jdac
FGGs-Fpsn fatacfea extras, dozen 2i4
a3Gc extra Hrsts. S4i4HaFe trsts. ara
3lc seconds gel as0fg. dtfles. 80 4.
2Sn2aisc.. checks. fair 10 eHutcs. drN eefl
25Nc; state. Pcunsyivepia ana nearby
Western Eeun"'y whttcs, extras. fsc. extra
iirsts, dop42o. nrsts .sp@ac gathered
whites. firsts to cEtra firSts. 3sA i-n under
grades. 3fl d81o.5 Pacific coast. white, eN
traS, 43c.. extra firFts. s@e.. firstt 9odlir. e
under erades. SSa50e. ptlete. a.ara6c
other Western and Southern. gathered
neathy western henncrS browns, extras.
ssp t0a. gathered brown and mixed Colore.
graded extras. 55i4a3Gc fifsts TO extra
flrsts. 52a35c.
FoTAToES-Bermuds. b., s1dil.5o. old,
- lbs. S2TIa3.25. iG1 lDs. S2aQd -;
iHO lbs. 81 25H2. 80. Long island. bag.
s. 5003 70 sweets. July basket. 81 l2sd2.T5.
Southern, Si.ija2.25. yams. bbl, SSg5. bas-
lset. St.75N2.
rot LTRY = DRESSED FRESH Eled
Chickens. boxes. a0a"6e. bis S0n34c. ,
stugs. 2SaS9c.. fowls. boxes .sd5Sc. bis
gSd}Tc.. oid cooks, eangSt. tspons, nearby
12nB0c. Western. ISaasc. silps. 41HfSc.
rURKEYs- Young. a5g6oc.s 90. 15a5sc.
DUCKS western, g.ff 40c. GEES SE-Mest-
ern 2lai41c. GLtNEAS-Fair. 10. .d9l ~,
SQUADS. dozen. S5ai0. Frozen; CHICKENS
-Rroiiers 34a55c frteru. @oGSsc. roasters,
s2G 43c.; fowls. 2Sn3Sc old cocks, 2ad2Sc
npons JOds0c. TURKEYS Young. 55sfG2c
old. 53U CSC DECkS-Long Island, SIC
western. 30d 80C. GEESE-Wcstern. 2Ja15c.
rOIITRN-LINE- E-Fowis. frt 300 cS.. a6f
gsc CHICKENS -ftcirht, aUfSsc. express
ao9 i2c. stass, fitislN, sSc hroilcls freight
The New York herald., 1921-03-12


THIRTY YEAR GOLD BONDS.
Notice IS hereby given TO all holders ot
bonds secured by the Indenturc .of Chicago
Utilities Company to United states Mortgage
ami Trust COMPANY Trustee: dated June l.
19i2 that n suit has been brought by the
undersigned Is Trustee under said Indenture
against Chicago Utilities Company. Chicago
Tunnel Company, and others. IN the Supreme
Court. County or New York, for instruc-
iions az 20 what part, II any, OF the pro-
ceeds OF sale OF the telephone properties of
the Chicago Tunnel Company should be ap-
piled TO tho settlement and discharge Of the
unpaid taxes and franchise compensation
claimed TO be due from said Chicago Tunnel
Company and that efforts viii be made 20
have enid suit brought on for trial and tried
during May, 1921. The suit papers may be
inspected al our office. No. - Cedar Street.
borough ~ Manhattan. city or New York
Any bondholder NJ his own expense. may
intervene and plead in said suit UP 30 the
time OF the trial and may be heard at the
trial.
Dated. March o. 1921
UNITED STATES MORTGAGE AND
TRUST COMPANY az Trustee
PATTERSON, EAGLE. GREENoUGH &
DAY. Attorneys for Plaintiff Trustee, iot
Broadway. New York CITY.
The New York herald., 1921-03-12
Municipal Offerings.

Curtis & Sanger are offering $4,000
Of City OF Omaha coupon Ia per cent
bonds due in July, 1924, TO yield 5ai
per cent. Remck. Hodges & Co. are Of
fcring $4,000 of City Of Minneapolis
per cent. registered bonds. due on Mo-
vember /. 1889, for price to yield 500
per cent. The bonds are exempt FROM
All Federal income taxes and arc legal
Investment for savings banks and trust
funds In New York, Massachusetts and
Connecticut A block Of Louisville ard
Nashville Railroad Company, st. LOUIS
division. first mortgage 8 per cent god
bonds, dated March /, 1921. and due on
March ], 1871. is being put on the mar
kct at a price TO yield about 5.7S pr
cent. by Redmond & Co. They are call
able after ten years for 107 and interest.
The property mortgaged extends from
East St Louis 70 Evansville. Ill. and af-
fords the Louisville and Nashville its
only entrance into the important ST.
Louis district.
The New York herald., 1921-03-12
Bond Market Holds Wen.

The bond market WAS not affected
greatly by yesterdays drastic decline in
stocks. Industrial and railroad bonds
were moderately active, but in the
majority of instances declines were only
fractional In the railroad group the
Erie and Pennsylvania issues were
heavy. United Railroads Of San Fran
cisco were higher. New York Telephone
IS and Hudson and Manhattan bonds
moved down. Liberty bonds were heavy.
Liberty 31as touching a new low for the
year. Foreign government issues moved
within a narrow range, continuing to
display firmness.
The New York herald., 1921-03-12
TREASURY BILLS RATE CUT.
Bank OF England Reduces Interest
TO q Per Cent.

LNopoS, March 1.-THE Bank or
England announced to-day that the rate
of interest on Treasury bills had been
reduced y per cent. and that three and
twelve months bills might be purchased
for per cent
The reduction caused q corresponding
easing IN discounts. and impaired q dis
tinctly better feeling 10 the Stock Tx
change, in which gilt edge soucrites,
industrials and oils improved III the
hope that the monetary situation. az
lowing the reduction In the interest
rate on Treasury bills might b. followed
hy a corresponding reduction In the
bank rate in the near future.
The New York herald., 1921-03-12
LOADING LAKE COAL BOATS.
Railroad Preparing
for spring Movement.

70 expedite tHc movement n coal %
great lakes ports when lie lake shipping
sraIl reopen this spring. the Pennsyl-
yaria Railroad II loading now the lake
coal boats tied up for the winter Al
cleveland. Eve Ashtahula and san
dusky. ThrouEh The cooperation OF
shippers that plan is being carried out
this year for the first time, Y will en-
able lake boats 10 move coal cargoes as-
gregating about 100000 tons.
Normally. about 2S.000.0o0 tons or
coal are delivered by tho railroads at The
lake ports during the shipping season.
Most ~ that coal S destined Tor Duluth
for industrial uses and railroad fuel in
interior points in the Northwest, about
900 coal boats being engaged II the
traffic.
The New York herald., 1921-03-12
PROTEST NEwsPRINT RATES.

WASHINGTON, March i1.-Nine news
papers filad complaints to-day with the
Interstate Commerce Commission al
leging that unreasonable rates were
charged by the railroads on newsprint
paper. The complainants were Enid
(Okla.) Eagle, Denison (Texas) Herald
Wichita Falls (Tex.) RecoTd-NctcS. El
Paso (Tex.) Times, Kansas City (Kan.)
Journal, Miami (Okla.) Neios. Hastings
(Neb.D Tribune. Fort Smith tArk.)
Southeast American and the Hutchin-
son (kan.) Neics.
The New York herald., 1921-03-12
Ksnswha & Hooking Coal & Coke Compan.
six Per Ceat. First Mortgage Sinking
Fund Gold Bonds.

The Undersigned as Trustee under the First
Mortgage of the Kanawha & Hooking Coal
& Coke Company 70 Bankers Trust COM
pany, az Trustee, dated January J., 1920, Sc
curing the above-described bonds, hereby
gives notice that II win purchase auci bonds
for the Sinking Fund to the extent OF
hands for that purpose al the lowest price
for which such bonds Clearing all unpaid
couponsl shall be offered to X. and that In
respect thereof tho undersigned viii receive
sealed proposals for the sale OF such bonds
at its Corporate Trust Department, 16 Wall
street, New York City. up to the close OF
business March 90. 1921. No offer will be
accepted al a price exceeding the face value
of principal Of such bonds. THE Trustee re-
serves the right TO accept all or any part
of the bonds so offered. In case bonds shall
be offered by two or more holders az the
same price TO an amount IN the aggregate
exceeding the cash sinking fund applicable
thereto, acceptance of such offers shall
he made in the order OF the date or their
receipt: if such equal offers of two or
more holders shall be received at the same
time. each will be accepted to an amount
which shall bear to such offer substantially
the same proportion as such cash sinking
simuli aneous equal offers.
Federal Income Tax Ownership Certificates
covering accrued interest should accompany
all accepted bonds.
March II. 1921
BANKERS TRUST COMPANY.
Trustee rs aforesaid.
The New York herald., 1921-03-12
NEW LIsTINGs APPLIED FOR.
Northinston Pump. Penn seaboard
steel and Union Tank File Notices.

Application has been made TO the New
y lork Stock Exchange 10 list these ge.
--srities. Worthngton Pump and Ma.
chincry Corporation sic,000.c0 OF add
tional class 4 preferred stock. 1000. 40
Of additional class y preferred stock and
Sl5.00Q,000 Of additional common stock.
Penn aboard steel Corporation. So ,7sl
shares Of additional capital stock. Union
Tank Car Corporation. 81, 262 0po or per
cent. equipment trust certificates. sta. :
100000 OF per cent. non-voting cumuia-
live preferred stock aud $1,000 900 or
common stock
The New York herald., 1921-03-12
METALS.

On the New York Metal Exchange
yesterday tin was quiet, and Straits was
quoted as 27.5o@2s5 standard tin as
rs q 2s.5O; 80 per cent. ton as 27a $3.50
and straits shipments as 2sn $3.50.
Copper was weak; spot. March and
April. IL asked. Lead was quiet New
York spot 4.20 and East st. Louis spot.
4.i0 asked. Zinc was quiet: New York
spot, 5.10 and East ST. Louis. $50.
The New York herald., 1921-03-12
EXPLAINS BUCKET SHOP BILL
Pitcher Aims mt brokers Who IN
turc Investors in Low shsrcs

r. ~ Pitcher. state Senator from
watertown. father 81 resolution Tor
an investiga tion OF the bucket shops op-
Grating in New Nork's financial district.
in answer 20 n query hN 9 MEMBER Oh
tho stock Exchange. says.t
My bill ls not aimed ~ StocN EN- ~,
CHANGE botisos. az the New York Stock
Txchanpe has its own rules. which are
very drastic. II IL aimed at brokers who
advertise 10 buy low priced stocks and
Who either don't buy them at all or buy
and Immediately sell them out az great
injury 10 small investors. When me
onstoners wish 10 secure their stock
oertificates they fud L. lie almost inn
possible 10 do 80.
The New York herald., 1921-03-12
CUICaGo TTTTITTEs COMPANY.

BANKERS TRUST COMPANY.
Trustee rs aforesaid.
III. IL NA-ifanr, Atinla 11es siAlElt
The New York herald., 1921-03-12
cANADA.s room PRICES DROP,

OTTAWA, Ont. March 1.-THE average
cost Of list " staple foods in siNus
cities IL Canada. made public to-day
shows Sit.0S III February, as compared
with Slf.4S III January. In January,
1914. the average was S7.73.
The New York herald., 1921-03-12
Gas Company Asks for Bond Issue.

The Public Service Commission heard
yesterday the Consolidated Gas Com
pany's application for permission 10 issue
$4,000. 900 of ten year debenturc bonds
rhc company's representative. &. G. VI.
Thomas, urged that the application b.
granted ut once. The motion was opposed
for immediate action by James a. Dom
nelly. Assistant Corporation Counsel. AM
~ II. Webber, chief statistican TO tie
Public Service Commission. both insisting
.pa time to examine into the necessity FOR
the issuance Of bonds The purpose of
the ISSUE as Il was explained BY tic
company's counsel. was to reimburse IL
FOR advances 10 subsidiaries Alfred NJ
Barrett. Deputy Public Service Commi3-
sioner. set Wednesday next for an addi-
,ional hearing. at which. he said. II the
city should require more time he would
probably grant H.
The New York herald., 1921-03-12
Libby, MCNEIL 4 Libby.

1t. was reported yesterday in Wall
Street that the new financing Of Libby
Mcneil & Libby would take the form of
St0.000,000 OF ten year per cent. notes.
That issue will be taken care OF entire
Is by Chicago bankers. it is believed.
The New York herald., 1921-03-12
FINANCIAL NOTES.

Tho directors az the independent Ware
houses. Inc, elected Arthur II. Manice its
vicc-pres ident and James r.. Frie its assist
ant secretary and assistant treasurer.
John NcAler Barr and Trueman g. Evarts
have been appointed assistant secretaries Of
the London office Of the Guaranty Trust
COMPANY III New YcNk.