davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1921-10-15
u. S. ALLOWS TIME ON
READING DISSOLUTION
Consents to Postponement
Ordered by Court.

WASHINGTON, Oct. I4.-Government
consent to postponement Of the dissolu-
ton OF ownership by the Reading Com
pany and others of stock OF the Phila-
delphia and Reading Coal and Iron
Company. ordered by the United States
District Court at Philadelphia. was an
nounced to-day by Attorney General
Daugherty.
The decision followed an appeal taken
to the Supreme Court in a case brought
by committee representing the common
stockholders Of the Reading Company
Under the original decree Newton H.
Fairbanks of Springfield, Ohio. and
Joseph B. Mccall of Philadelphia were
appointed trustees to hold the stock
Of the coal and iron company owned
by the Reading Company until arrange
ments could be made for its disposition
to persons not connected with the Read
ing Company.
The Attorney-General stated to-day
that "the uncertainties attending the
appeal render It inadvisable that any
step be taken, in carrying out the plan
Of dissolution, which might later cause
embarrassment or delay in case the
plans should be materially modified by
the Supreme Court"
The Government will not insist on the
actual transfer of the stock at this
time to the trustees who, the Attorney
General said, having been elected MEM
bers Of the board OF directors of the
Reading Company, he considered public
interests sufficiently protected to await
results OF the new litigation.
The New York herald., 1921-10-15
STATISTICS.
COTTON CONSUMPTION REPORT.

WASHINGTON, Oct. 14.-Cotton con-
sumed during September amounted to
4S4,647 bales of lint and SOAPS bales OF
iinters. in contrast to 457.967 of lint and
47,SS5 of linters in September. 1920. the
Census Bureau announced to-day.
Cotton on hand on September 80. in
consuming establishments. amounted 10
1.016,032 bales of lint and 165.011 of
linters in contrast to 901.373 of lint
and 260,399 Of linters on September 80,
1920. and on hand on September 80 in
public storage and at congresses, 4,309,-
S33 bales Of lint and 204.360 Of linters,
In contrast to 2.797.33S of lint and
342.731 OF linters so held on September
so. 1920.
September imports were 6.362 bales
in contrast to 1856 In September, 1920
September exports were 522.S39 bales,
including 9.057 bales of linters. in con.
trast to 2SS,06S bales, including Lac
of llnters in September. 1920
Cotton spindles active during Septem.
Der numbered 33.s99.415. in contrast to
34.072.3S9 in September, 1920.
The New York herald., 1921-10-15
PRODUCE.

BEANS AND rEAs - Beans. marrow.
5.25; medium. choice s5.25; Kotenashi. Jap
1921, ss.75; imperial. SO: white kidney. go
Cantelina. italian, so; yellow eye, S75Ods
black ,, turtle soup, So; pink; California. $3.50:
green. choice domestic, $3.50: black eye. Cal.
itoania. 1921. soa5.2S: splits. yellow. choice.
Ss.25; green. choice. $3.50
BUTTER-creamery higher than extras
lb.. fsdishc.; extras. a2 score, 47izc.; flrsts
3sn46ifc.; seconds. 34iza3Tc. lower Grades
sagS4c.; usalted, higher than extras. 4oha
5Ohc.: extras. 4sp4ec.; flrsts. 3sqf6,sc.
seconds. 3ihG3Tc.: State. dairy. tubs, finest
454f6hc.; good TO prime. 39fp45c.: common
TO fair; os slSSsc'; ladies' , current make, ex-
2ac.; lower grades, 2TG2sc.; packing stock,
current make. No. 1. 29c. No. ?, 2sc.; lower
grades. 25G2Tisc.
CHEEsE-New York State flats, held spc-
ciais. 22ikq23c.: fresh specials. 22d23c !;
average run, 2fiAT22c. State twins, specials
22q2slsc average run, 2ia2ihc;: Wisconsin
SSses fansy yagnr ses.e
21hn22c.: State skins, sf15c.
EGGS-Fresh gathered. extras. doz., $50
SIC; extra firsts, 50d54c.; firsts. 43sp4sc. :
seconds and poorer. 3Jffs:c. trade eggs 2sD
34c.; dirties. regular packed. No. 7. SiG3sc.
No. and poorer, 26u30c. checks, fair 10
choice. dry. 2sa30c.: refrigerator eggs.
fancy. ssa3sc.; nrr:s. sIaS6c. seconds, sig
33hc.. refrigerator. white eggs, 3Tn4Jc. :
dlrties, No. 1. 2o730c.: fresh. New Jersey .
hennery whites. extra fancy candled selec-
tions, S5c.. nearby and nearby Western hen
merry whites average extras, 7Jr1Sc. extra
firrts. 666I2c.: firsts. 6od65c.: gathered
whites. firsts TO extra firsts. 6onT2c.: under
grades. 4sT5sc.: pullet eggs. 35155c.: Pa
cific coast white. extras 15aS0c; extra
firsts. Gggf70c. firsts, 60dG3c.: under grades
4Td5Sc.: other Western and Southern, gath
cred whites. 10000. nearby and nearby
Western hennory browns, extra. 60dGSc. .
brown and MIXED colors, gathered extras
55m57c.; firsts 10 extra firsts. 45T5ic.
FRUITS, TRESU-Appes, green basket
T5c. Tsa.25: red. c.ns3; King. bbi., $50
75O; Wolf River, s5d7.rn: Wealthy. s51fO
Mcintosh, S7dii: Alexander, s4IT.50; Hub
bardson. sJds1.5O Snow, s50s. Crecning
s5dif. Baldwin, s5SlT.25; Bon Davis, S4T5
I;rnvenstein, S3T5.!o; winter banana, Wis
consir, box. s2r3.5O; King Davis. s2Gro 60 .
Mcintosh. s2d275. Jonathan, siT5fi3: Spitz-
enberg. S2.5nd3.75. Wealthy, British Colum.
hia, s2d2.50: delicious. s2.507i.h0: pears
puerre Bose. bbl.. S5ffi2; bartlett. s5dii 30
Sheldon. s0ai0: Seckel sEd12; basket s2T
q. Bartlett, basket. si.5063.5o: Kieffer,
basket. T5c .dS1 80: bhi.. 81. SOfn550: Ounces
State. hushei s3r3.25: cranberrics. Jersey
and Cape Cod early black. Y Dbl. box. s5.7e
66.75: bbl.. sii6i3; New yark. crate. $50
3.E0; late varieties. bbi.. Si3Git. y Dbl. bov
se.50d7 prunes. Idaho. 1915 N. box. 81 .o1T
i.b0; four besket crate. si.70T2: graves
90 10. basket. T5c. Gsi.f nuskmelons. Colo
RADIO. pink meat. flat crate. T3c. Qsi 20
ostrich erg melons. Colorado. crate si.2.a
2.2o. pony. 7ccQsi.2J; casabe melons. Call
The New York herald., 1921-10-15
BRAZILIAN STATISTICS.
Cuba Cane Bond Deposits.

The time for deposits of the Cuba
Cane Sugar Corporations bonds under
Its financing plan expires at the close
OF to-day's business. and Ii Is believed
that deposits OF at least 65 per cent
Of It's 100000 outstanding debentures
will be necessary to make the plan
effective. Up to the close of last nights
business such deposits were $12. $50. 900.
or SO per cent. of the amount outstand-
Ing. The bankers hope that more than
100000 additional will be deposited to-
day. 1t is probable that the company's
representatives will meet on Monday
forenoon a committee of three in be-
half of the lenders.
The New York herald., 1921-10-15

fornIa. crate. si.7Ja2.75; oranges, Call
fornia. box, SJGsT5: Florida grapefruit,
-. 2.504i.50: Isle OF Pines. box. S3T4 so: Porte
Rico. box, siHs: lemons, California, Dor
s3.50dI; citron. nearby. bbl., s161f .25: pine.
apples. Porto Rico. crate. S2.3s97.25.
POTATOEs--Malnc. $50 lbs. s375642J,
i65 lbs, S3.5o03.75: State. $50 lbs. s350Ss
425; i65 lbs. $3.5oa375; is0 lbs, $3.50
$40; Long Island. bbi.. S4T5; Jersey, vi
lbs. $3d3.25. No. .. sf.ro12. ~: sweets. virs
rinia, Dbl, S3135u Jersey. basket. 81 80
i.l0; Delaware and Maryland. sini.3o.
POULTRY. DRESsED-FRESH KILLED.
Chickens, Western small broiors, boxes
S2G3sc.: large, 24T2nc.; fryers. 2372sc.;
small roasters. 26TsOc. lbs. 30d3sr.
large. 32n3Gc.; Western. hbls., dry picked,
3 lbs.. 32sf3Sc. lbs. cnff3oc.: sis his. 2sI
2Tc.: lbs, 21T25c. mixed weights. 2st3nc.
bbis.. Iced corn fed. 2o02sc. milk fed,
25G3Oc. virginia 25T3ic.; nearby, 2IHSsc.
fowls. boxes. 1s63Tc. bbls. dry. 1sa36r.
iced. 1sa23c.; old cocks i672tc. turkeys.
spring. .30G-oc.; old cocks, 25Ifoc. ducks,
Long Island. 29c.; SQUADS. white. doz..
81. 3.25de: Euineas. pair. sidf.5o.
LIVE POUITRY-Fowls. express, 20I33c.:
chickens. express. 23l2sc; ducks. Western.
freight. 3oc. Long Island. spring, 35c.;
ducks. express. 3od3cc.; Muscovey. ipc.:
swan. freight or express. i3c.: pigeons. pair,
roc guineas. pair. SIC. rabbits. express,
h. 10di6c.; sucking pigs. live, pair $50
T.5o.
The New York herald., 1921-10-15
Cuban Loan Negotiations Active.

Dwight W. Morrow Of j. p. Morgan
& Co., who has been in Havana for
about two weeks discussing with the
Cuban Government its financial condi-
tion and ways and means to relieve it.
will return to New York on Monday.
and 1t is believed that negotiations
looking toward loan to that Govern
ment will be hastened following his re-
turn to this city. There were reports
yesterday that the Morgan group,
formed at the time that loan to Cuba
was thought to partake of the nature of
a rescue party. had made to the Cuban
Government an emergency loan of
$5.000.000 through the Trust Company
of Cuba. Such n step had not been
taken up to Thursday night, and the re-
port, while doubted. was not confirmed
or denied. In view of the fact that no
less than six institutions or groups have
representatives in Havana watching the
status of negotiations with care. the
competition for doing the Cuban busi-
ness Is believed to be keen and an un-
usual degree Of interest is being taken
in Cuban developments.
The houses represented In Havana are
J. P. Morgan & Co., the National City
Company, the Guaranty Company Of
New York, Speyer & Co., Dillon. Read &
Co. and Blair & Co. The Morgan firm
and associates, however, have the inside
track.
The New York herald., 1921-10-15
ACTIVITY IN GERMANY
LAID TO DROP IN MARX
Symptoms of Panic in Austria,
Says u. S. Officer.

WASHINGTON. Oct. 14.-Economic con-
ditions In Europe in the past month re-
mained virtually unchanged. improve
ment in some countries being almost
balanced by unsatisfactory developments
In others. according to a summary OF
cabled reports Issued tonight by the
Commerce Department.
Commercial Attache Dennis, at Lon
don. said that toward the end of the
month slight stringency developed In
the Englisr money market. and even the
declines In some commodities were inter-
rupted by sharp fluctuations. but these
soon levelled out. Exchange had risen
he added. with British exports.
Increased industrial activities in Ger
mary were reported by II. A. Adams at
Berlin. There was however. he asserted
great concern over the fact that the
boom did not so much indicate an econ
omic recovery as 1t showed the result
of the mark depreciation.
Unsettled conditions prevailed in Aus
tria, w. +. Upson at Vienna said. Gov
ernment finances were In even a worse
condition than formerly. With prices
soaring and supplies In general in.
adequate there were symptoms Of
panic. and runs were being made on
stores.
A substantial Improvement In the
textile industry of Czecho- -Slovakia,
especially in cotton and knitted goods
for Rumana. Poland and the Balkans.
was noted. The unemployment situation
was improving.
italian industries showed little change
In September. While the usual activity
was maintained In the textile mills. little
encouragement could be CLEANED from
the conditions in the other major in.
dustries.
large budget deficit. diminution OF
foreign trade totals, and abnormally
large purchases of foreign grains con-
stituted the outstanding features In
Snain
The New York herald., 1921-10-15
Must Turn over Bonds.

COLUMBUS. Ohio. Oct. 14.--Bonds de-
posted with the State Superintendent Of
Insurance by German and Austrian In
surance companies as guarantees OF
payments of liabilities against them
must be turned over to the Federal Gus
todlan of Alien Property. Federal Dis-
tiict Judge John IL. Safer ruled to-day.
The ruling affects s2o5,000 face value OF
bonds belonging to two German insur-
ancc companies The question Of whether
bonds deposited by Bulgarian companies
must be turned over to the Custodian
10 70 be determined.
The New York herald., 1921-10-15
SENATE TO Dig INTO
RESERVE BANK PAY
Excessive Salaries in New York
District and General
Waste Alleged.
Special Despatch TO THE New YORK HERALD.
New York Herald Bureau.
WashingtOn. ID. c., Oct. IA.

Special Despatch to THE New YORK HEHALD.
New York Herald Bureau.
Washington. ID. C.. Oct. IA.
The Senate called on the Federal Re-
serve Board to-day for full information
concerning charges that the New York
district bank has wasted public money
In large salaries to officers and en-
ployees.
without a rollcail It adopted reso-
luton by Senator Overman IN. c., pre-
scented, it was stated. to ascertain tie
truth about charges made by John Skel-
ton Williams, former Comptroller OF the
Currency. and repeated recently on the
floor of the Senate by Senator Heflin
(Ala.). The resolution Is so worded
that 1t will require a complete account
ing of the expenditures Of all Federal
Reserve banks. The text follows:
Resolved, That whereas it Is
charged In the public press OF the
country and upon the floor of the
Senate that the Federal Reserve
Board has been guilty of an amaz-
ing waste of public money In in
crease Of salaries to officers and
employees Of the Federal Reserve
Bank. and
whereas, Since 1918 in the New
York branch alone they have In
creased the number of officers and
employees 279, or about 10 per cent.
while they have increased the sal
aries about so per cent, paying It's
officers and employees all the way
from $4,000, $4,000, $4,000. $aO,-
600, and one as high as $4,000. and
that prior to 1918 so per cent. OF
these officers never received over
$1,000 to $2.500, but are now draw
ing salaries as high as $4,000: and
Whereas. The official reports OF
the Federal Reserve Board show that
in the calendar year OF 1920 the
Federal Reserve Bank OF New
York's payroll amounted to $4.639,-
273, and for the calendar year 1913
the payroll was $3,104,830, showing
an actual increase In the payroll
since the close of the war OF $1,534.-
443: and
Whereas It Is charged that the
section z Of the Federal reserve act
Board has stated that the employees
of the Federal Reserve banks are not
paid by the Government or paid out
Of the revenue derived from taxation.
but are private business men and In
the banking business to make money;
and
Whereas, Under the provisions of
section Of the Federal Reserve act
a large percentage Of the net re-
ceipts made and saved by the Fed
eral Reserve Board shall be paid into
the Federal Treasury, and II the al
legations herein made are true the
Treasury Of the United States has
been deprived Of vast sum OF
money, therefore, be it further
Resolved. That the Federal Re-
serve Board as early as practical be
and is hereby directed to furnish the
Senate the number of employees. to-
gether with their respective salaries.
employed by the Federal Reserve
Bank in New York as well as in the
other Federal Reserve banks In the
country and the expenditures made
by each branch bank in the erection
of public buildings and the general
expenses in the administration OF
each Federal Reserve Bank and how
much of the net earnings have been
paid to the United States as fran
chise tax.
The New York herald., 1921-10-15
q. 8. war Issue Buying Renewed

The most interesting development in
yesterdays bond market was a resump-
ton of the buying movement In Liberty
and Victory issues on a large scale. with
resultant advances in prices ranging
from 2 cents In the Victory Ans to So
cents in the Liberty second AVS. For
eign Government bonds also displayed
much firmer tone. The market for
miscellaneous corporation bonds was
spotty, with here and there a tendency
to heaviness. A sharp recovery In the
issues Of the Seaboard Air Line was the
most interesting feature Of the railroad
group as a result Of the statement by
the president of that company that 1t
was earning its fixed charges. Its ad-
Justment 5s sold as high as 90, as
against a low price of 14% on Thurs
day, and its consolidated 6s sold as high
as "A. On Thursday they were as low
as S8. Cuba Cane Sugar debenture rs
opened at 56% and declined about a
point.
The New York herald., 1921-10-15
wnIys-overland to Reduce Debt.

The willys-OverIand Company is pre-
pared to make on November a second
payment of 10 per cent. following the
10 per cent. payment on August 1 on
It's original banking loan of s20.o0o.00o.
extended earlier in the year. thus bring
ing down its Indebtedness to $4,000. eco.
in. contrast to 600 In notes payable
and in acceptances due In April. 1920 In
connection with the second payment, the
banks will be asked to agree to an ex-
tension of payment for four months
with the privilege of renewal for an
other three months. making total ex-
tension of sevcn months and giving
the company until next spring to ac-
complish refundlng Its floating debt.
The New York herald., 1921-10-15
south Porto Rico Sugar Project.

The South Porto Rico Sugar Company
tas arranged with its bank for q short
extension of its bank loans on condi-
tlon that 1t provide forthwit .or an
Issue Of bonds to be depo&,~ed with the
bank as collateral security for such
loans. The bank Is to have the right
TO sell the bonds and pay the company's
loans from the proceeds when they deem
It expedlent so to do. It's directors are
considering the question of the bond
issue and the terms on which II will be
made IL authorized by Its stockholders
in their annual meeting on November
30. The company's plan to obtain funds
through an issue Of preferred stock has
been postponed indefinitely in favor of
the new arrangement The company
has no funded debt.
The New York herald., 1921-10-15

1.-THE business of the Bell System. as
whole. continues to show a healthy
growth" H. B. Thayer, president said in
his report. Notwithstanding the installa-
tion of new telephones at more than the
normal rate untitled applications for
service are still largely in excess Of the
normal amount. Net earnings show SUBJ
stantial Improvement over last year.
'"rhe company on May 10 offered to its
stockholders shares of new stock for cash
pit par. Subscriptions amounting to $685..
775,000 were received, thus putting the
company in funds for profitable invest
ment In extensions to the business.
Earnings Of the company for the nine
months ended September 80, which do
not include the company's interest in the
undivided earnings Of the associated COM
panies. show, compared with the same
months last year. an increase Of $780,.
900 in the amount available for divi.
ilends. Approximately 100000 more
has been distributed In dividends through
the increased dividend rate and upon the
larger capital. leaving undivided earn.
ings for the period Of more than $10.-
000. .000."
The New York herald., 1921-10-15
LEGAL NOTICES.
No. 1202f.
TREASURY DEPARTMENT.
FFICE OF CoMPTROLLER OF THE

CURRENCY.
Washington, ID. c., September "a, 1921
WHEREAS. by satisfactory evidence pre-
sented to the undersigned. IL has been made
to appear that
THE METROPOLITAN NATIONAL BANK
OF THE CITY OF NEW YORK" in the
CITY of NEW YORK in the County Of
NEW YORK and State OF NEW YORK has
complied with all the provisions of the
Statutes OF the United States. required IL
be complied with before an association shall
be authorized 10 commence the business Of
Banking: M
NOW THEREFORE, I. d. Y. CRISS1NGER.
Comptroller OF the Currency, do hereby
certify that THE METROPOLITAN MA
TTONAL BANK OF THE CITY OF NEW
YORK. IN the CITY of NEW YORK in the
County of NEW YORK and State OF NEW
YORK IL authorized to commence the busi-
ness of Banking a provided In Section Fifty
one hundred and sixty nine of the Revised
Statutes ot the United States.
CONVERSION of metropolitan Bank
with branches In the Borough Of Man
haitian. County and State of New York;,
and branch in the Borough of Brooklyn,
County Of Kings and State OF New York.
IN TESTIMONY WHEREOF witness my
hand and seal Of office this TWENTY
FOURTH day of SEPTEMBER. 1921.
u. Il. CRISSTNGER.
Comptroller OF the Currency.
(Currency Bureau. Seal OF the Comp
troller OF the Currency. Treasury
Departmertl
The New York herald., 1921-10-15
BELGIAN Treasury bonds.

Tho s.27o.0Oo of Belgian Treasury
notes. due on December 81, 1925, which
have been purchased by n banking
group and are being placed privately
for investment were all sold by the
Baldwin Locomotive Works, which took
them as part payment for locomotives
sold to the Belgian Government. The
notes accepted by the American Loco
motive Company. contrary to early re-
pert, had no connection with that trans
action, Andrew Fletcher, its president.
stating that that company had had no
negotiations to sell the notes.
The New York herald., 1921-10-15
BELLLINES SHOW
LARGER EARNINGS
Surplus for Nine Months Sub.
stantially Increases-Un-
filled Orders Numerous.

The American Telephone and Tele-
graph Company in the first three quar-
ers Of this year had. after charges and
taxes. a surplus Of $40, O,7s7.612. or $3.50
share on the average amount of capital
stock outstanding in the last year. This is
1t the annual rate of $11.61 a share on
The stock. In the corresponding period
of last year the earnings were $3s.15s.-
721. or $S.S5 a share. The following
tablo gives a comparison Of nine months
6gures for this year and last:
The New York herald., 1921-10-15
EXPORTS FROM NEW YORK.

Exports from New York yesterday:
Wheat. 1920 bu.; grass seed, 1919 bags;
bacons. 1.06S,OO0 lbs; lard. 1856. .140 lbs. /;
tallow. 10000 lbs: flour. 66.795 sacks;
beef. so tcs.; hams. $1,000 lbs: stearine.
$500 lbs; cottonseed OIL 22s. 900 lbs.
lubricating oil, 154, 100 gals.
The New York herald., 1921-10-15
CHASE SECURITIES CORPORATION.
New York. September 2sth. 1s31.
no THE sToCKHoLDERs:

Notice Is hereby given mat q Special Meet
ing OF the Stockholders OF Chase Securities
Corporation will be held at it's office At 81
Broadway, Borough Of MAnha.:sn. City 81
New York. State OF New SorS. ON the lse
day Of November. 1921. a. two o'clock In
the afternoon. 10 consider ana vote upon prod
posais to increase from 10000 to 100000
the number of shares, without nominal or
par value. which the said Corporation may
Issue. and the amount of its stated capitol
from 80. $50 900 to $40. 600 900: the conditions
rtder which such increase shall become ef-
tective: the consideration for aad the terms
and conditions under which. II adtrcri1cd.
said new or additional shares snall be IT,
pued; and for the transaction OF such othop
business os may properly como before tn
meeting. N
By Order Of the Board OF Directors III
u. r. TINKER, Pre,idsnl.
HALsTEAD @. FREEMAN. Secretary.
The New York herald., 1921-10-15
SPAIN TO CUT TEXTILE DUTY.

MADRID, Oct. 1.-THE Customs Tariff
Commission. after hearing arguments OF
Spanish Industrial leaders and claims
of exporters, has decided to modify
slightly the proposed duties relative to
textiles.
The New York herald., 1921-10-15
CABLES.

Rio futures unchanged, December 12S350:
dollar rate 10 lower at 1850. Exchange bd.
I ,667, 900 bags. Santos futures unchanged
TO 1876 reis lower. with December 14$e50. Re
ceipts $1,000 bags and stock 3.0i5. 900 bags.
year and 1000 two years ago. Sac Paulo
had 10000. against $1,000 and 21 900 bags
Ind Jrndiahy 28.Ooo. against 5000 and
four Sac Paulo districts and cloudy In one.
Cleared from Rio 14.900 bags for New
The New York herald., 1921-10-15
HHE METROPOLITAN NATIONAL BANx
OF THE CITY or NEW YORK. II
TO THE SHAREHOLDERS:

TO THE SHAREHOLDERS:
Notice Is hereby given that Special Mestp
ing of the Shareholders OF the Bank Will b
held a. It's banking rooms at Gi Broadway.
Borough of Manhattan. C.ty and State OF NsW
York, on the 1st day OF November. 1921. ~
10 o'clock In the forenoon Of that day. for
the purD~se of ratifying and confirming ths
terms and conditions agreed upon by O MAJ
jortty OF the board OF directors of Tho Chase
National Bank OF the City OF New York and
by a majority OF the board of directors o1
this Bank TO consolidate the said two bank
ing associations into one association UNDER
the charter OF The Chase National Bank OF
the City of New York. and for tho transacs
tion Of such other business as may properly
come before the meeting.
~ Order of the Board Of Directors.
FRANK w. FRAzEE, cashise.s
The New York herald., 1921-10-15
INTERNarIoNAL PAPER COMPANY.

New York. September 2sth, 1921
The Board Of Directors have declared a
regular quarterly dividend OF one and one.
half per cent. uke5) on the preferred capt.
tai stock OF this Company. payable Octobes
18th, 1921. TO preferred stockholders OF rec.
ord at the close OF business October 7th, 1921.
OWEN SHEPHERD. Treasurer.