The New York herald., 1921-01-04

r. NJ. Bauer. representative OF the Anglo
Paris and Havre. and Hardy & Co.. G. NJ.
B H., Berlia. has taken Felix Wolfson into
partnership and formed the firm Of K. NJ
Bauer g. Co.. with offices. as formerly, In -
Broad street.
William Ferguson, the head OF the foreign
securities department of Kissel. Kinnicutt
Co., has been admitted to membership In that
firm
Theodore W. Knauth has been admitted as
q general partner in the iirm Of Knauth
Nachod & Kuhne.
The struthers- s-Wells Compaays net earn
ings for November, after depreciation and
available for Federal income taxes, dividends
and surplus, were s10549.G8. Its net earn.
Income taxes OF S23 900. were SAT ,540.6S, or
at an annual rate of S570.596. Its earnings
after deducting dividend requirements on
class a preferred stock. were approximately
80 a s!a.e on class B preferred stock. or
nearly ten times the S per cent. dividend re-
oui.cments on class stock. The earnings,
after all deductions for preferred dividend re-
quirements, were equal to an annual rate Of
more than $21 share on the common STOCK.
Robert Winthrop Kean has been admitted
10 partnership in the firm OF Kcau. Taylor
e. CO. as Of January l. Stuart X. Reed, for
merly with Lee. Higginson Co., Is manager
OF its bond department
Henry A. schatzlSin and Mortimer b. Bern
ateil have formed copartnership under the
name Of Bernstein & Co., members of the
New York Stock Exchange. to transact a
general brokerage business, with offices In GU
Broadway.
NJ. j. Meehan has changed its firm name
to NJ. j. Meehan Co. as OF January /.
Charles H. Toothe has become associated
with Heinhart & Bennets sales department.
Domiaick & Dominick have n circular en-
titled Investment Suggestions for 1921" J."
which will be mailed to applicants on re-
quest.
The firms of Lyon 4 Co. and Dawson Co.
Rave merged as OF January 1. and win con-
tinue to deal In unlisted stocks and bonds un-
Ser the firm name OF Dawson. Lyon Co.,
with offices in 80 Pine street.
The Guaranty Trust Company OF New York
has been appointed transfer agent and regis
trar Of st. Louis southwestern STOCK; trustee
lated as of January 1. 1921, and securing an
authorized issue OF 81 500 1000. par value. OF
per cent. sinking fund gold bonds. due Jan
uary /, 1851 and transfer agent Ward La
France Truck preferred.
The Asia Banking Corporation has opened
n branch OF It's business at Singapore.
]. n. Gemmlll has become associated with
the bond department OF Pouch Co.
James. n. bartholomew, an associate man
agcr OF the bond department Of the Equitable
Trust Company OF New York, has resigned
from that position 20 become associated with
Tripp & Andrews. 25 Broad street. 20 special
ize In municipal and Federal farm loan
bonds.
Prince 6 Whitley announce that n. w, Ward
and r. NJ Smith. general partners, and George
G. Scott and Thomas y. Scott, special part
ners have retired from that firm. and that
the new firm OF Prince Whitley. WIN continue
the business The new firm VIII consist of
the following general partners Archibald r..
McI.iesh. Robert Howard Gamble. Fisher A.
nuell. George a. Heath, Frederick NJ Van
Elcklen. Elliott II. Falk as resident partner
II. Branch. special partner.
Frederick w. Allen las been admitted as
partner in the firm OF Wood. Struthers & Co.
A cable despatch to Joseph McCurrach.
New York agent for Banco Nacional Ultra
narino, announced that a branch Of that In
s,l;ution was opened yesterday In Bombay,
india.
Robert II. Wynn. formerly with the wal
dorf-Astoria branch OF Pynchon Co., mcm-
bcrs Of the New York Stock Exchange. has
been made manager Of the IA East Forty
ner & Co.
n. G. Rankin 4 Co.. accountants. 30 Broad
street. announce that L. o. Manley G. r. A.
M. CO. and Robert Atkins. @. y. A. (N. VI
have been admitted to partnership In their
firm. Mr.. Rankin was formerly special expert
accountant TO the United States Tariff Com
mission. Mr.. Atkins was formerly Chicago
manager for the Federal Accounting Corpo-
ration Mr. Manley for many years was
senior accountant for the firm.
J. r. Harbeck has resigned as vice-presi-
dent and director OF the American Can Com
pany 70 devote his time exclusively to his
automobile interests.
Brown Brothers a Co. In a folder cnii atten-
lion 10 the unusually high yields procurablo
from tax exempt Liberty bonds and Victory
%utes AZ present quotntions becauso Of ,he
severe decllnc when has taken place IN thc
market price OF securities OF even the high
est standard. table showf the maximum