davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-03-19
OIL OUTPUT ALMOST DOUBLED.
Houston Co. Earns s9.I7 share
After Preferred Dividend,

The preliminary income statement Of
the Houston Oil Company, covering the
1o months period ended December 81,
1890, shows consolidated net earnings
from oil and timber operations after
taxes. but before depreciation and de-
pletion, of s2.s63.4ss, which is equiv
alent TO s9.17 a share earned or the
525. .0o0.0 900 conltaou stock outstanding
after deduction OF preferred dividends
These earnings do not include the re-
turn Of the Higgins OH and Fuel Com
pany, in which tho Houston Company
owns SO per cent stock interest. Dur
Ing the year the company produced 90
per cent moro OIL than in 1919.
Oil sales and royalties for the fifteen
months netted s2.633.5e7, and receipts
from timber sales were s1,1S0.657. Other
income totailed s100,965, making total
receipts s3.914,219. Operating expenses.
Federal taxes, etc, amounted to $780,
7so before depreciation and depletion,
leaving net earnings OF s2.s63.439. Cur
rent assets ut the close OF 1920 totalled
s3.115,193. and current Liabilities $685.
679
The New York herald., 1921-03-19
BURLINGTON STOCK
DIVIDEND is "a P. c.
Corporal tons Move Helps Plan
for New Mortgage by
Owning Roads.

Directors OF the Chicago, Burlington
-sdd Quincy Railroad yesterday declared
stock dividend OF 54.132 per cent, pay
able TO holders OF record March 81.
The dividend. one OF the preliminary
steps in the readjustment Of Burling-
toms capital, increases by a consider
able margin che ratio between the
roads stock and bonds. Plans are still
under consideration for retiring the
s215.000.000 of joint IS, which fall due
on July /. being the largest railroad
maturity Of the year.
Burlington's stock dividend will
amount to 100000 shares on the $110,-
SS9.100 capital stock outstanding, OF
500 par value. Northern Pacific and
$40 Burlington stock Their share of
the dividend will amount to 590,660
shares.
The Burlington was granted pernis-
sion recently by the Interstate Com
merce Commission to issue 100000 900
additional stock as step to assist the
two owning lines to meet the $215. 000,-
900 Great Northern-Northern Pacific
Joint Burlington collateral 4s maturing
July 1. The commission refused the part
of the application asking TO capitalize an
ance of $50, 900. 900 Of bonds.
Dividends from the new issue may be
used by the Great Northern and the
Northern Pacific toward the payment
OF interest on the new bonds that un-
doubtedly will be issued to care for the
July ! maturity. The increase in capital
stock gives the corporation greater free
dom In making new mortgage. as the
ratio OF bonds to stock will now be on
n closer basis.
After issuing the 60,0o0,00 OF adj
iitiona1 capital stock, the Burlington will
have remaining surplus OF more than
$3.50, 1000, 900. The total corporate sur
plus on December 81. 1919, was SEAL
7S1,197. In 1919 Il added 14,173,0S7 to
profit and loss-an exceptionally large
increase OF that item due principally to
the fact that no allowance for additions
and betterrnents was made in that year.
THE s per cent. dividend amounted to
s3.S67,12S on the $110. 100 stock. ff
the same rate is maintained on the larger
amount which will now be outstanding,
Burlington win pay out s13,667,128 In
dividends, which would be equivalent to
1874 per cent. on the stock now outstand-
ing. Burlington has earned not less than
Is per cent. after liberal deductions for
additions and bet+orments in the last few
years.
Louis w. Hill Howard Elliott and
bankers for the road said yesterday that
they were working on plans to meet the
big maturity in July. but had no sugges-
tions to offer as to what form 1t will
take. 1t is generally believed about the
financial district that the issue will be
refunded. but this, it Is pointed ont, will
be difficult in the present money market.
Should a bond issue be decided upon and
prove acceptable to the commission the
biggest problem would be to frame an
issue acceptable to large investors, par
ticularly insurance companies.
Attorneys are working over disputed
plans, and it probably will be another
week at least before a plan can be pre-
.sented to the commission.
The New York herald., 1921-03-19
MEXICO EXPECTED TO
RETURN ROADS SOON
Chairman of National Line
Issues Report.

That the railroads OF Mexico soon Win
De returned by the Mexican Government
TO their owners and that the problem OF
arranging for the resumption OF pay
ments on It's outstanding obligations is
being considered is the report OF ].
Pedrero Cordova, chairman OF the board
OF directors OF the National Railways OF
Mexico IN his annual report to stock
holders. The roads have been operated
bs the Government since 1914 and have
been under q succession OF managers
with the changing administrations.
"As result Of negotiations" says
CoTdoya. ~ am pleased to assure you
that the executive, power OF the ma
ton has favorably received the idea
OF restoring the lines and is well dis
posed. in conjunction with the company,
to fix the basis under which the sur
render IS TO be carried out II IS ex-
pected that the resumption OF its debt
service is near and it has undertaken
preinilinary studies TO that end"
Tho road had credits OF S23,557.263 in
Mexican gold for the year ended on
June 30. 1890. against charges OF s24,-
70s,4es Mexican gold for the preceding
corresponding year.
The New York herald., 1921-03-19
QUIET REIGNS OVER
COTTON MARKET
List Is Under Scattered Pres
sure in Last Hour After
Early Steadiness.

The cotton market was yesterday
under scattered pressure in its last hour,
Southern offerings and liquidation by
local room traders being too much Tor
the bun element to overcome All in all
there was very little OF feature IN the
days business and trade was az times
virtually at a standstill. It was only
in the last hour that enough selling de-
veloped to malte much impression and
then losses We're only slight. amounting
to about u cent q pound In certain
options. final bids were not far from
the lowest, Off Is 10 25 points. Local
spot was again q little easier and on
10 points to Has cents.
Price movements were exceedingly
narrow. UP to the end OF the second
hour there were hardly 20 points sepa-
rating high and low. At the opening
prices were Al points net lower to a point
higher. The market made no response
to better Liverpool cables and iinirle-
diateiy following the call selling IN
creased. prices slipping a few points
from the starting level. Tho foreign
political situation was a disturbing Tea
ture and bears stressed the tinin1proved
Fall River goods market. Sales for the
week amounted to only $1,000 pieces,
with prices 7sc. 10 Il cent yard
lower. March was a bit depressed early
due TO circulation Of sixteen notices.
Steadiness was the only feature in
the first three hours. The larger opera
tors We're still out OF the market. many
Of them being inclined to await the next
Governmental ginning report on Mon
day before placing new commitments
one way or the other. Yesterdays ex-
ports We're 17.456 bales which brought
the total for the season TO date to
3,605.664 bales against 4,S00.176 for the
corresponding time last season. The
secretary of the New Orleans Cotton
Exchange estimated the taklngs Of
American cotton by spinners during this
week as 175,000 bales against 100000
during the corresponding week OF the
preceding season. Reports of further
mill curtailment in the South were q
factor III the last half hour
The New York herald., 1921-03-19
GRAIN

CHICAGO, March 1s.--Bearish senti-
mentment due TO general economic con-
ditions proved more than an offset IN
the wheat market to-day for green bug
crop damage reports. The market closed
heavy. 2 x q 3 4 c. net lower, with March
S1.54l y al 1.o4& and May $1.4541451a.
Corn lost nc. to q a sc. and oats &c.
to - q CSC. In provisions gains varied
from 71sc. to 35c
At first wheat bulls made considerable
progress, many traders being impressed
by authoritative announcement that the
green bug pest had invaded Kansas the
banner wheat State OF the country. A
big Eastern short was conspicuous in
the buying, but there seemed to be no
difficulty In filling the demand. When
this fact became apparent commission
houses turned largely to the selling side,
putting stress on the Industrial outlook,
especially the overwhelming majority
for strike in the meat packing indus
try If the Federal parley fails. Toward
the end of the day liberal offerings
from a house with Omaha connections
found the market bare OF support and
with no export business in sight and
with predictions current that shipments
from Canada into the United States
would soon be greatly enlarged the fin
ish was at the lowest level OF the ses-
sion
Corn and oats weakened with wheat
Trade was light
Export call for lard gave strength to
provisions. Besides. hog values were
sharply higher
The New York herald., 1921-03-19
Average Bond Prices
March LIZ. 1921.
BOND NEWS AND NOTES.

Trading in bonds was dull yesterday
and had few special features. although
rho market maintained strong tone
and the trend of prices was still up
ward. The largest advances were re-
corded in the foreign government group,
gains in that department ranging as
nigh as a point. Tho most active were
Danish Consolidated SIS, French IS,
Kingdom of Belgium IS, Kingdom OF
Norway SIS and Swiss Government IS.
4 cash sale of $1,000 of Dominion of
Canada IS OF 1921 was made at 1o1, UP
"a points. The Third and Fourth 4hs
were the two most active in the LIB
erty bond list Railroad. traction and
Industrial bonds we're little changed.
Chicago Great Western As and Grand
Trunk Is advanced fractionally. Atchi-
son, Topeka and Santa Fe convertible
4s added about point 10 their price.
New York Telephone 6s advanced n
point and General Electric debenture
6s large fraction.
The New York herald., 1921-03-19
CONSOLIDATED EXCHANGE.

There were no laggards 81 tito upward
swing OF prices during the tinsl half OF
Yesterdays Consolidated STOCK Tx
change trading. and extreme gains were
registered IN oils, marines, steels mo
speciaities, many shares n those groups
moving TO two TO more than i've points
above their early lows. Rails end
tobaccos, some OF which were offered
down to their lows Of this year at the
outset, also fell 81 line with tho average
trend, rallying to about their finals OF
Thursday. Continuance of comparative
case in fynIgs and sustained demand BY
shorts for covering purposes were main
influences FOR the higher general level.
Mexican Petroleum rose 654 az its
maximum 10 $50; Crucible Steel. ~ 20
9t1.: General Asphalt 5R3 20 6oR
United states steel. 1 70 SIX Republic,
. 70 GTG vanadiun. ia 20 20 Bald
win Locomotive. 21i TO ssx Atlantic
Gulf. 9TI 20 36L Chandler Motors, 2 70
80 pierce-Arrow. 21t 20 90: Pan-Aner-
ican. q 70 72s4 American wooien, 2s.
10 81; United States Rubber, 81. 10
7tM: international Paper, = TO BIS,
ard ITrited states Food, 1f4 10 20.
Northern Pacific (ox dividend 80
was bid up 2ss 20 7si4 Reading, LIS to
8sis ST. Paul. t'5 70 24& southern
Pacific, tx 20 74& New York Central,
To- 10 70jt Great Northern preferred.
1Ii 20 73N; American Sugar, 2iE 20
94s4 Coca Cola. ~ 70 % Sears-Roe-
buck. IL 70 77es and Peoples Gas. q
"a Az
The New York herald., 1921-03-19
EIEcTIoNs ANp MrErrNGs.
rHE GHEsAPEAKE AND ONO RAILWAY
COMPANY
NOTICE or ANNUAL MEETING.
rgf-ss~-.-s .f~8..-f,,4. rtah-4torry ~ Igwf

NOTICE or ANNUAL MLEIlTsNr
Richmond Virginia. February II, 1921
NOTICE II HEREBY GIVEN that the an
nuei Meeting or tire Stockholders or It's
Chesapeake and OHIO Railway Company VIII
be held. rs provided IN the bylaws, At the
general office of tho Company, IN the Ctty
OF Richmond. Virginia, on Tuesday. the l3tA
day of April, 1921, Mt eleven O'Clock "A. M.
~ for the election OF directorss
t9} to approve and consent to. By vote
or otherwise az may ID provided ~ Law
and subject TO any necessary approval or
consent By public authority, tie lease 20
the Company, or the acquisition otqerwisa
hy tile Company II and 70 the extent au-
tnorized ~ law. Of the railroad and prop
erty, WITH the appurtenances thereof, o.
Tile Chesapeake and Ohio Railway Com
paDy os Indiana. r. which the Company
owns substantially al tie capital STOCK;
CD 20 authorize and consent TO the form
ard terms Or any instrument Of lease Or
otherwise n the premises that may be SUD
uitted 20 the meeting;
I'd 10 approve. ratify and confirm sucn
action heretofore taken or authorized by
the Board Of Directors or by the Executive
Committee Of the Company, whether puT-
suant to any previous authorization by ths
stockholders Or otherwise. as may be sub
rnitted 10 the meeting; and
(n) TO transact encn other business -
may lawfully come before rho meeting.
The stock transfer books will be closed at
the office OF the Company, Nc. 81 Broad
way, New York City, on Saturday, the 18th
day or March, 1921, a. twelve o'clock noon.
and VIII be Teopened on Wednesday. the
Goth day OF April 1921. at ten o'clock A. N
BY order OF the Board of Directors.
a. TREVVETT, Secretary.
The New York herald., 1921-03-19
BONDS STOCK EXCHANGE
FRIDAY.

Da sales
Year K date
The New York herald., 1921-03-19
PROPOSALS.


p,fr,i,nnt 10 tire reEuls lions of the Inter-
state Commerce Commission prescribed r.
tie order dated October g. 1919. IN Docket
III parte No. -, tho Long Island Railroad
CorDAry hereby requests bids aud hereby
give, notice that Il VII receive bids for.
From 5000 600 20 $500 90 gallons cf fuel
su Tor u.e on vessels and boats controlled
Ard operated By the Marine Department or
the Long Island Railroad Company durins
the twelve months from April ], 1921
THO ou must be suitable for burning "A It's
OIL heaters of these boats 70 produce the
pove- 10 operate them and must have
gravity OF from "a % 10 degrees Beaumc.
Lees than $1,000 gallons IN Long Island Raj.
-uad Dock No. 2, Long Island City, alongsice
tvo cil STORAGE tanks each ot so.cno gailor
capacity. Tac Long Island Railroad 20 ftir
alsh ire steam and power for sssrnpsss 80
ol into the tsnSs and the contractor 20 as
sumo control Of TIE operation. Depth q tea
water IN Dock 40. Is ~ low tide over IL
Tfs undersigned viii give rie succssstui
bidder days notice q TIE date on whioh
each tarRe Of OF must be delivered IS above.
Bidg must bo submitted and addressed 80 the
undersigned a. his office on or before 800
o'clock, New Yoth City STANDARD time. cil
nfsar that time VIII rot be considered.
Tne successful bidder must undertakes e
rive tha Railroad Company the benefit %
Any general reduction N prices OF fuel oil
durinE tNe period OF the contract.
SO bids VII be received unless the nrma
nud address Of the bidder, Or the names ard
addresses 81 tire officers, directors and ger
srri managers thereof, X the bidder be
corporaton or cf the members II Z be a
aRrtrership or firm. sre shown. Zach psa
should be enclosed in 4 plain envelcps re-
cursiy sealed bearing no indication - Tho
nnfrio 81 ths bidder Or the amount Of thg
I'M ard shall b6 muFted bid on proposed
eoatrpct No r. auU should be addressed 70
Tnc urSerSiRned reserves the right 20 g.
'ect any and AZ BIDS and 10 accept sry part
az any ono BID
Dated thia sixteenth a. of March, 1921
TItr TONG rSfl ASr RAILROAD COMPANY.
r. a. HODGES Puwchariug Agent,
Room 40f, jamaica office Bldg.
JamHlca, ".
The New York herald., 1921-03-19
Baker, Ore, Asks Bids,

The city OF Baker, Ore, recently adj
sertised for bids on rather an unusual
combination OF municipal bonds. The
bonds altered for sale total s143,5O0,
viatssa IS made up az follows: $4,000 Of
Intersection bonds, due In ten to twenty
years and bearing 3 per cent. interest !;
$4,000 OF Goodrich Creek Reservoir
tcnds, due In twenty years and bearing
q per cent. interest; $4,000 OF Fire De-
psar.rnent bonds, due in twenty years and
earring interest at 6 per cent. $500
sf Cemetery bonds. due In twenty years
and bearing per cent. interest; $780,
600 OF Natatorium Improvement bonds,
due In ten TO twenty years and bearing
q per cent. interest: $4,000 Of Bridge
honds, due In ten to twenty years and
earring s per cent. interest, and $1,000
Of Tourist Camp Ground bonds, due In
ten 20 twenty years and bearing 6 per
cent interest. Bids on them win be re-
ceivcd until noon OF April 4
The New York herald., 1921-03-19

! 2siso.; dirties, refrigerator, packed, No. 1.
2712sc. checks, fair 70 choice. dry, Esq
26ikc.; duck eggs, Baltimore. T5d7Tc.: vir-
,ginia. 72uT5c.; Southern, 05p7Oc.; State,
Pcnnsylvania aud nearby Western. hennery
whites, extras, 43c. extra flrsts, fig42c.
firsts. 3sQ4oc. gathered whites, firsts 70
extra firsts. 3Sd4ir.: under grades. 33d37c. :
Pacific coast, white, extras, A3c.; extra
firsts. a1q42c.; flrsts, 39940c. under
grades, a7g3sc pullets, 35g3Gc.; other
p3oc.; state. Pennsylvania and nearby
Western, hennery browns, extra, 30H31c.; (;
gathered brown nnd mixed oolors graded
extras. 35'aGa4e.; rgs;s to extra firsts' 20
POTAT0Es-Bormuda, bbi. t7p1250: old,
Sf.7bT2.25 Long Island. bag. s2.sog3 70 :;
sweets. Jersey. bsk s1.25G2.5O: Southern,
sf75G2.25; bbl., SSd4. Yams. bbl.. sSHt.
POULTRY, DREsSED-FItESHK KILLED
Chickens, boxes. so9sGc.; bols., Sog34c. !;
stars, 2sg34c.; fowls. boxes, 3oai0e. bb.s,
29G3ec.; old coclSs, o5n2sG.: capons, nearby r,
n2a6oc.: Western, 4s9Jsc.; slips, 42gisc.i
turkeys, young. 55d00c.; old, 65g5So.; duclSs,
Western, 2s&4oc.; geese, Western, 25q3Je. /
guineas. pair, I5Is1.Tc; squads, dozen. $50
10. FRolIsN--Chicksna, broilers, &d55e :
fryers, 32431c.; roesteys, 34g Sc. fowls.
30d4oc.: old cocks, 25a2sc. capons. 5096oc.
turkeys, young, B5162c.; old, EJd5Sc. ducks,
Long Island. 4ic.; Western, 30Q l0c. geese
Western, 25n35c.
POULTRY. LIvE-Towis. freight, !oc. ,
stage, 29c. chickens, express. 3214Jc. /
broilers, freight. a5c. express, 5Sips0c. old
roosters. freight, 2hc, turkeys, freight, aSIt
dnc.. express, I0n45c.: ducks, freight 4Oc, (:
express, Iodfac.; Muscovey. 2os.. gcese
freight, fsd2Oc. express. isa22o.. swans.
guns;g, pair, 9Gasi rabbits, express, lb.
32q3Sc.
The New York herald., 1921-03-19
o1er Papermakers Issue.

Lee, Higginson l. Co. are offering
si,000,00o OF Bird g. Son, Inc. per cent.
cumulative prior preference stock for
500 a share. The company manufac-
lures large variety OF paper roofing
and building products. Its net assets,
amounting 10 T,6S2,s90 are equal to 1884
share of this prior preference stock
and net quick assets alone amount to
s3.0i2. .415, or sl52 n share. Net profits
available for dividends on the prior
preference stock have averaged more
than 10000 for the last seven years
ended on December n, 1920, or more
than three and O. half times dividend
requirements OF this stock A sinking
fund of . per cent. annually of the
greatest amount OF prior preference
stock at any time outstanding will
operate to purchase or call the prior
preference stock at not exceeding sl10
a share and accrued dividends
The New York herald., 1921-03-19
PAPER BAG EARNINGS LARGE.
Union Company Reports Increase
TO $500 From S16.S1 share.

The Union Bag and Paper Company
reports for 1920 net earnings. after
charges and taxes, OF s3,474.s26. or
1920 O share on the S14,977,S50 com
mon stock outstanding. In 1919 the
earnings totalied si,6S0.619. or 1851 q
share on the $40, 0,00o. 900 stock then out
standing.
Net earnings were s5,046,300 and de-
probation charges Si2S,173. Interest
charges and Federal taxes exceeded
s1,000,000 and dividends OF s1.0S1. .s96
were distributed! leaving a surplus for
the year of s2.3sS.0S0. After making
surplus adjustments. setting up a re-
serve for dividends and writing off from
surplus the $4.977.S50 stock dividends
paid during the year, the total profit and
loss surplus stood at S1.S74.305.
The New York herald., 1921-03-19
PRODUCE.

BFANs.-Marrow. choice 1890, 100 lbs,
s.; red kidney, 1920, sa25 white kidney
si3.5O8i4.
BUTTER.-Crsamery, higher than sStras
III, 45Di5hc. extras, ~ score, 44iic.; tirsts
90 TO OF acore, 43d44c. firs;s, IS 80 80
score. 91di2ian. seconds. 50 70 81 score, sea
l0c. lower eradee, 52a35c.; unsalted. higher
titan extras, 4su4Sisc; extras, 4TD4IiAc.;
flrsts. scI4dc. aeconds. 5em40c.; held Or
storage extras, 4id42c. ,flrsts, 3Tg4oc. Soc
onds, 30a36c; lower grades. 21d2qc. Danish
casks, fresh, i4d44Nc; State dairy. tubs
finest 43G44c. Focd 70 prime, $50 42c. COM
mon 10 fair. aSrSTc. ladies, current make,
rrgts o0V2Ttfc.; seconds, .3d21ikc. lower
grades. 2ida2c.; packing stock, current
mako. No 1, De. No. .. &c. lower grades,
1SM2ic.
EGGS.-stetr, whole milk. held. early made
flats, rpeciai. ib., 2sds9c.. fall made, 2sd
2ac average run, 20To7iac fresh specials.
25Hd2Gc. average run, 2aH25iac.; lower
grades, isf2tsc.; twins, held specials, 2sd
aSkc; average rtiu, 26U2Tiic; Wisconsin
held flats, 29T2sikc. held twins. 2G92sikc. !;
single Daisies held. 2TMd2sMc.; Double
Daisies. held. 27i5T 2sNc. Young Americas
2Td2s%c.; fresh, 2I0.Iisc skins, held spe-
cials, t7tadiaikc. prime 60 choice. i3p
fair to good i0ui2c.; lower grades. 5Qec.
EGGs--presii gathered extras dozen, 331
l3fc storage packed, extra firsts 32ifd
.Sc. firAts, 31ts@S2c. fresh, extra Arstg
5ii4g3ze firsts, 2oa6lc seconds. I'd
The New York herald., 1921-03-19
BRAZILIAN STATISTICS.
SUGAR

Tic raw sugar market was Yesterday
loss active. local refiners having become
fairly well loaded uD with raws on
Thursday, but there was q sale Of 1000
tons os uaytian centrifs. March-frss
half April shipment, FOR 6.0f5 cents, c. 4.
T.. basis So 70 local reflner, and the
cuban committee reported sales OF 1000
tons OF new crop Cubas to the United
States for ) Il cents, c. and T. Prac-
Ideally all local rohners advanced granu-
lated prices 70 Sh cents, regular terms.
Arbuckles however, selling hards for
that price and soft sugars Tor \. cent
lower. Tho demand Tor refined sugar
was reported fairly heavy.
The range OF prices In yesterdays
-. Altman ...n-f-.a r-lae....a.
The New York herald., 1921-03-19
READING HOLDER PROsTESTS.
Asks Leave 10 Intervene In Segre.
CATION Action.

William 3. Kurtz. a large holder OF
Reading second preferred, has asked
leave 70 intervene in the Reading Sc
gregation suit His petition states that
contracts between the Reading Company
and its various classes Of stockholders
contain no basis for the contention OF
the common stockholders. Dividends on
common stock alone cannot be paid out
OF accumulated earnings OF previous
years, he asserts, but only out OF earn
ings Of the previous fiscal year In which
fun dividends have been earned and paid
on the preferred stock.
Mr.. EIrtz objects TO the payment Of
S10,000,V00 TO general mortgage bond
holders who sign releases Of the Coal
and Iron Company from the mortgage
and suggests that the mortgage be left
as 1t Is and certificates of interest in
the coal company stock be distributed
10 Reading stockholders.
The New York herald., 1921-03-19
OIL EARNINGS $1o2.17 A SHARE.
Standard of Kansas increases
Amount From SS3.OS in 1910.

The 1920 report of the Standard Oil
Company OF Kansas shows surplus
after charges and taxes of $2.o43.44s, or
$1o2.17 share earned on the $1,000
600 capital stock outstanding. In the
preceding year earnings amounted 10
S1,661,61., or ss3.OS share. Dividends
amounted to s4S0,000 and the final sur
plus s1,563,449, compared with s1,1Si,-
GA in 1919 The total profit and loss
surplus at the close of the year stood at
$7.e40.619.
The balance sheet showed total current
assets OF $7,542.296, against current la
bilities of s1,502,539. Inventories were
carried at sS.9s1 ,o63. while accounts re-
ceivable and securities held exceeded
SO, 900, 900.
The New York herald., 1921-03-19
FOREIGN MARKETS

LONDON, Marc ts.-Bar silver, O. = d.
an ounce; bar gold, 1868; money, 5&
per cent Discount rates: Short bills
per cent. three month bills. Ga per
cent. Cold premiums at Lisbon. 14o
PARIS, March 1S.-Prices were irreg-
r'ar on the Bourse to-day. Three per
cent. rentes, 5S francs 10 centimes 7;
exchange on London, 56 francs 38 cen
times: per cent loan, Sc francs 80
centimes the dollar, IA francs 80 cen
times.
The New York herald., 1921-03-19
NAY JOIN TRADE BOARDS.

81. PAU, March 1s.---Ccoperatiye as-
sociations may now obtain membership
II the Minneapolis Chamber OF Com
nerce, the Duluth Board Of Trade and
the South st. Paul Live stock Exchange
through q. measure signed to-day by
GOV. Preus. The Governor also signed
the bill prohibiting dealing in grain
futures. excent legitimate hedging. and
which becomes crrect'v. N AuGvsl