The Brooklyn Daily Eagle from Brooklyn, New York • Page 22

3 4 the Brooklyn daily e.u.u:, yoiuv, ti 2x- I 23 EW BORO BANKERS fit In the Real Estate Market R.J. TAYLOR HEADS JUNIOR BANKERS Information for Investors Conducted by EDWARD RUHFEL Long Island State Banks and Trust Companies Show Record Gains as Population Grows Multiple Listing Activity; Queens Auction Sale Results its. lilddiug was particularly plrlt4 for Hirnan boulevard waterfront' lots and for the business lots ou Hiker ave. and Bteinwuy ave. Tha four lots on the tornui' of licrrian boulevard and Htelnway ave.

brought lil.SBO per lot, while th other Juts on Hcrrlan boulevard sold for 11,200, to 1.760 per lot. The well-known Btelnway owned since 1873 by the famous pi ano family, was knockca down lor 119. Ooo. One of the heaviest buyers at the sale was Krnnk Capek of As toria, his purchases exceeding $86,000. Among the buyers were William a.

Delaney, John Wchulz, Leon well. Nettle R. Cannon, all of Now XorK City; Kmunuel Fernandez and A. C. Realty Company of Brooklyn; Resources Increase 6 Percent, Loans and Discounts 19.

Percent, Deposits -17 Percent, in a Year. In the yearly period ended June 30, 192G, the date of the lust call made by the New Tork State Department of Banking showing the conditions of the banks. Long- Island Stats banks and tut companies also under State charter, showed remarkable advances. The figures for the entire group of 8tats banks were recently mado available by the State banking, department. A study of the banks located on Long Island shows large gains in resources, loans and i discounts and irw deposits.

Loans and discount or all the banks showed the largest percentage gain, 19 percent, between June 80, 1124, and June 30, 1925. Deposits in the banks and trust companies during the period grew over 17 percent, while total resources Increased 16 percent. Total resources of the banks as of the data of the bank call on Juno 30 were $71,822,559, compared with $61,153,032 last year. Inang and discounts totaled $25,959. 111.

against Iel.l.lli0, wlille depoelta mere compared with Si 3.765.-938 a year ago. The totals given are, of course, ex-clostv of the masy National banks on the Island, the figure) of which are not made available by the I'om-tolle of the Cuency, who controls tbem. The figures Include only banks and trust companies In Nassau and Suffolk 'counties and do not Include Queens and Kings counties, which ara generally considered under the htad ot New York and Brooklyn banks. Examination of tho figures reveals that the large Increase In populntlon of th suburban communities has been reflected In the bank totals. Most of the large Individual hank gains are found In communities where building activity has been large and where many new families have settled.

Contrariwise decreases are found In the small, older communities which have not been greatly affected by the realty boom. The great building activity in many parts of the two counties has swelled the loans and disrounts column in comparison with th resources and deposits of th bunks. The reports ot the bank and trust companies as of June 10. 1924, and June 10, 1925, were as follows: John y. McOowan, Home Tile Cement Company, Kugene Somvtag, Martin V.

Glck, Anton Muller, John not especially concerned with price fluctuations. Brooklyn KiIIhoii. I wrote you several months ngo for a'Ulse on llrooklyn Kdlson stock and to sell It or not. You told me to hold It, but now It has risen further. Do you think 1 should hold il lotiKur or sell It now? I H.

A. Continue to hold the stock. When 1 udvtsed you to hold th stock some months ago, the advlc was not based on prescience of an upward movement In the price of the stock, but rather on the company' excellent earnings, financial strength and possibilities of growth. Thcj are tho fictors that make a strung common stock Investment, and as long ss they continue, the stock 1 a good on to hold. You should not worry over price fluctuations.

That Is, speculation. see Brigs; thxly After Dividend Cut. Purchased Kriggs jfunufadurintt Company stock some time ago above 1 40 a share. It I now soiling below I0 and the dividend has been cut in hslf. 1 am not Inclined to tak my loss unless the company Is actually In serious difficulties Can you give me any information on this subject? A.

A. A. Reduction of the Brlggs Manufacturing Company dividend was made necessary by a decline In earnings, figures for the half year ehow-uK little more than 2 a share as compared with 15.67 a share in' all of 1924. Kqultles for ths stock are sflghily less than $15 a share, so that the Issue Is primarily an "earning power" stock. Ther la no reason to become alarmed over the situation on the basis of Information avail' able, eirept possibly rumors of heavy losa of business.

The latter, however, has formally denied by the company. The company ts In good shsp financially with plenty of working capital, no funded deb', and no bank loans. Its price may go lower, depending largely on the general slock market, but at present prices It has largely discounted the dividend reduction. Tote, William Kasper, William Bach, James A. Held and George Iludak, all of Astoria, L.

I. AMERICAN COAL OF A. DOUBLES ITS DIVIDEND The American Coal Company ol. Allegheny County declared a dlvl- dend of 1 a share, payable Nov. 1, 1 record of Oct.

10. The previous Idend was SO cents, payable May 1. STATE BANKSOF LONG ISLAND, Steel Scrap Prices Easier Chicago, Sept. 29 Iron and steel' scrap prices are easier In this tory. Heavy melting steel now Is quoted by some dealers as low as 15.75 a ton, with 116.25 as a JUNK 80, 1924 AND JUNE SO, It 25.

-Loans NEW L. I. CORPORATIONS (HlM-cial to The Eagle.) Albany, Kept. 31 Chartero have heen -Issued by the State lepartment Hi following- Long lslanrt corporations! Pavlllon Kealty Company, Valley Stream, fapltnl, 1100,000. Directors are William .1.

Poster and J. M. Steinberg. Valley stream. anl C.

Tortoulla, RIversiHe Drive. Manhattan. Rock-Beach Realty Corporation. Queens, Capital, I lotion. Director are M.

Sillier- K' man, tt8 liay Parkway. Brooklyn, end' Joseph tlruniet, Jill Davlrlaon and rl B. B. Kosfnbau.n, 1022 Crueton The Listing Hureau of the Brooklyn Ileal Kstuto Board r-i-ports the following sules through the Multiple Listing; SjHtcni: By Knox Keitlty listing broker, In co-operation with Cinque Realty A Mortgage Corporation, the vacant plot, 200x100, located on the oast side of B. 69th st 184 fet soutlf of Cnnafsle lnne, for John I'a-gum 4o L.

Welson for Investment. By John D. Iloake, the 2-story snd basement, brownstone resldenoei 508 Jefferson for the estate of William O. Itothe to Frank Iteilly for occupancy. By Scbluter Kelly, listing broker, In co-operation with Oerald It.

O'Byrne, the 2 -story frame, detached residence 19 Kenmore pi. for Catherine Campbell to a client for occupancy. I xing Island City Kales. John Oreer and William C. Ritler for Mr.

Wright sold to an Investor Iti Long; Islund City five stores on Jackson ave. and th Queensboro plaza, which were held at by ths same brokers, 100x200 feet at the corner of Harris ave. and William also 50x100 feet on Ely ave. to Mr. Urossgltth, who Is putting up a lumber yard.

The same brokers sold for Mrs. Johnston on tha Queens blvd. the apartment house 455 Academy st to Mr. Cassldy for Investment; the cruller factory corner of Washington ave. and Tth ave.

for Mr. Butlor to Mr. McLean, store furniture manufacturers. Querns Sale. Bulkley Horton Company sold the plot 40x100, located on the west side of 214th 108 feet south of 90th Queens, for V.

W. Justus Andrews. Thrcr Buddings Sold. George K. Ganzle, broker, sold the three buildings 658 Monroe 162 Held ave.

and S97 Gates for the estate of K. Carlson, the Columbia Trust Company of Newbui gh. executors, to the Turnlne Really Co. Utiy HMe Plot Sold. Krank A.

l.Seaver Co. sold plot 13x100, Irregular, at the northeast corner 'of Narrows ave. and 73d for Ada Bennett to a client for improvement. Corona-Flushing Sale. Keen interest was displayed last Suturday at the sale conducted by Joseph P.

Day of lots In the Corona-Flushing section of Queens. A total of $327,510 whs realized for the 387 lots, or an average of $840. The property sold fronts un Roosevelt along which the Corona subway Is being extended to Flushing, with some ot the lots directly at the WMletts Point blvd. station. The adjoining lots on North-rn at 177th pl went to the Parker Oil Corporation for $2,300 each.

Four inside lots on Northern between 127th St. and 127th were bought by D. M. Baron of Ltttle Neck for $2,525 a piece. The Louis Freedman Realty Co.

purchased six lots on Hoosevelt ave. at the Wllletts Point blvd. station for each. Two thousand four hun dred and fifty dollars wag paid for tne onposlte corner on Hoosevelt ave. by John J.

Johnson, who also bought the adjoining two lots for, $1,500 euoh. I. O. Wolf of Great Neck, the B. M.

Holding Company. H. A. Weh man, Kdward P. Dahllnger, Abraham Hadner and Jacob Cutler were among the buyers.

Slt'liiway Sale. Major Kcnnelly on last Saturday afternoon and evening sold -at auc tion In seven hours continuous selling, the 681 waterfront lots known as the Htelnway Kstate property in Astoria to over 200 Individual buy- DIVIDENDS. Per Annum Ills. tl.i7l.M2 m.stt 1,111,111 1.141,101 t.Mi.Ilt 4.090.9S4 196,851 1.7JS.004 1. 311.134 M53.JST 1,143.713 681,113 I4I.4H3 341.

45J 601. 1U l.Tlt.lll 3.703.1114 1.471.173 1.474.731 4, Oil, 514 317,274. 224.141 404,171 1,735,075 1,463.705 3.247,301 3,181,732 447,360, 447,403 1,174,335 1,314,117 01,1:1 l3t. Amltyvtlle Babylon Great Neck Hempstead H'rbor Illcksrllle Huntington Nae. Neclt Now Hrda W.

Pt. Jefferson Itockvllle Smlthlown Suf.Cty.-8tony Bk. Valley Weetbury Center Seuthold Kermlntijale Floral Park Freeport Harden City Cllen Con Hempstead Huntington I. Matinecoca; Mattltuck Nassau Nassau North Shore Oyster Bay I'atchoxue Peconlo S'easlde Southampton South Pli Sea CI Iff tl.4Sl.751 1.111,730 1,494,714 1,211,745 3,535,061 4,437.314 1.335.361 111.030 1.114.773 1,401,744 1.536.105 1.344,474 774,365 210,461 1.474.704 M.lll 337,56 704.791 1,211,114 1.175,470 1.015,464 3,415,144 1,406,131 333,144 377,431 494,441 1.122,195 159.101 1.330,034 3.47,241 475.178 511,26 1,492.113 1.42,014 689.430 FORErrOsmrs. Clll'NTy COITUT, KIMIH COUNTY Frederlrk C.

Stewart, plaintiff, aaalnst Kellclano Aclerno, ami othere, defendanta. In pursunnoe of a juilanient of ana sale ouiy mane ana ei'-lereil in tne above entftled action, anil bearlne dele the' Deposits. 1434. lhl. 1934.

(01.71 1.437,354 l.iu,8.;6 1.94.411 1,718.340 1.577,957 1,571, 1H ,1.438,244 1.023,443 747,049 77.124 1.46.19 3.48,l( 11.110 l.tlMIl 1.7(3.703 ,125,151 168.425 456.6(4 1.JT1.124 1,714,344 81. 0 847.670 880.188 (76,174 517,470 199. 102.9(0 1.4(1,(14 1,084.811 3.334,149 4.421,47 1.19.574 1.12,110 1.141,311 444,333 1.424.(17 313.483 973.74 434.031 1,034,52 434.801 1.70M14 1.173.43 306.9.10 155,111 316.774 443.HO 333,14 1,06,4 (.485,873 2.314,146 1.174.101 594,572 $.111,711) 141,79 445,1 611.113 1,044,444 3.141.740 317,354 474.43 374.760 i.iotNu 435.005 219,344 240,415 .163.141 17I.HI 352.058 .147.146 811.418 474.34 474.101 141,431 315,661 31,860 387.874 (32,888 92.959 76.981 114.729 35.454 11,833 C8.427 453.374 136.34 384,141 848.638 781.105 1.114. 44 1.114.46 4,324 131.171 633.183 931,410. 1,110.083 531,160 ill, 106 134,711 251.4(1 421.872 247,444 515.8(7 1,274,137 784.443 184.17 434.A90 (78.181 21,044 870.132 40.103 1.109,(17 826.177 1.240.6(1 401.3)0 194,897 (41.444 (11.7K 900.480 878.684- 1.607,7(7 1, 088.484 774.374 1.001,433 3.526.178 8,271,774 341.914 966,047 401,477 (41,441 1.307,(81 448,683 414.730 1.143.730 Junior Officers Association Elect Officers at Outing.

Raymond J. Taylor, secretary of the) Havings Hank of Rlrhmond i (11. was elected president of th Junior (HIli era AuocUtlun. Croup of th Nw Tork Htata Association at the annual Harry It. controller of the rVllllamaburgh Barings Flank, presided over th mir.t-Ing, which took the form of an outing at JlutlunaniTi Inn, East Norwich.

L. I. Other onVers elected were: Vie president, John Lundatrom. controller of the Greater New York Ha v. Ingi Hank; secretary, I'M ward assistant secretary of th Hnulh Hrooklyn Havlnss Bank; treasurer, Alfred (leterland, controller of th Knst York Having Hank; chairman of the arrangements committee, D.

Joseph Plrone, secretary of the Havings jlank of Htdgewood. This organisation was sponsored hy Mr. Klnsey about two year and under his leadership grew from an organization composed of Junior officers of the saving hanks of Brooklyn and Long Island, from 'a mere dozen or so memliers to a membership of over 60. Otlitr groups In the Having flank Assona-Hon of the fltate of New York have, or are at the present time organizing, similar organisations. The purpose of this organisation Is to promote the uniformity of practice and administration ot savings banks.

NEW CORPORATIONS CHARTERED IN BROOKLYN (Hpoiol to The EqI.) AlhftBT, -pt. 1ft Tw rrtrtltii. iui toilnnlnf builnM with 'ir( th most lniportM, In pitnt of rfltl, of th Brooklyn eerpormttftni jut cbarUrtd by th Harretary of Hut. Thoy at; Mark Motor Rntnt Com nr. Inn.

It-rwotorn arj Tatar Vtto and Thraa Da Vtto, .4.1 41, an4 faaquata luia. Hi 1th Brooklyn. 0na14on Balty Corpora Mob Dlvrtoa ara Namual Hoiata, H. Knrnr-kh and Kornrrloh. 4la 1 It avu Brooklyn Othar Brooklyn curpuratlona charttrtd art tha (nllowlng: Twalra Court Hquara Taaltt Corporation.

Capital, M.00. Dtroctora ara Bu-irona Bloom, It Court aq. Kmil flchudea 4 Court and 1. V. Uraouo, 44 Court Brooklyn.

rila-hway Thfatar Corpora ton, fnrmad to oparata thaatarii motion plrtuia houaaa, ate. Capital, loo aharoa common atut-k. having no par vatua. llrartara ara Jarotjaon, Aloxandor Aaronaon and Iran foinborc Broadway Manhattan. Kaho Bailty Corporation.

Capital, Dlroctora ara R. Oioan, 1I4 4th Brooklyn; Max Ba. 1:4 Htanton at, Mm-hattaii, tA(t M. Or eon 14tlt at. Brom.

Kdarl Ottan Oompany, Inc. format! to do tlia buatnaaa of tinamltha ahaat workora, ate. Capital, 30.5oo, plraotora ara Hrhoanfald, til Mott at I F. Butt, fiTT Broadway. an4 Jamaa T.

Da Hay, Kl at. Manhattan. Maryora Roalty Company, Inn. Capital. 000.

Ulrtctor nra Oaorga Hand-rulla, 169 I'Mca av and Ida Nathanmn, 144 K. 2 Tth Brooklyn, and Anna Bamt, B. Hith Manhattan. Kannath Holding Corporation, format! to do a raa) aauta bualnaaa. oto.

Capital, tl 0f1 Dlractora Ira D. Klklnd and Bon-nlo Klklnd. 144) ltd at. and Bonjamln Mint. li 17th ava Brooklyn.

Atlaa Komaa Corporation, Cnpltal, 110 -ftOO. Dbrortur ara Abraharh tiampaon, tr8 Nu'lcr ave. M. Karon, 1561 Carroll at and 8amual tfuhwarta. 492 Hrgoman vi, Brooklyn.

Bldga Draaa Company, In. Capital. It, 000. Dlractora ara I Fralbargar and J. Prolbargar, 2141 IDttt at, Hrooklvn, and Max Wolnar, 111 Champlaln Liberty, N.

Y. Can Realty Company, Inf. Capital. 140 QUO. llroctorf ara Ramual N.

Miko-wits, 111 Java manual Biumnthal. 1043 'Manhattan ava and 8, Bpioluait, 1 92 Freeman Brooklyn. FOREIGN GOV'T BONDS cuillr. Argentina 7a, 'IT. Argentina Small la '41 Argentlm) 4a '14 Auatrlan 7a Belgium 6 Belgium Tle, '44 Bolivia Is, '47 Brasli la, 'II Braell la 41 Chile 4a '41 Call 7a.

'43 Copenhagen Ifca Caachalovsk Is, Cuba Itia '41 Denmark la '41 Dutch E. Indies 6s, '47 Dutch lndlse614s'61. Dutch E.Indies France Vlo 4a. Franc 7a, '41 Franc op. '41 Fraae 714S.

41 Franca la, '41 Franch Cltlea 4a, German la '41 Japanee 4s, 'II Japanese 6 lea, Jspaneae Bk 6a Hungary ttte, '44 Nether land 4s, Norway la '44 PartaL.Me4.Ry Prague QueenalasS 6a, Rio de Janeiro Sao Paulo la, '41 Seine Ta, '41 Swiss Csafad. It4a'44. Swiss Confed Un Kingdom Ua Kingdom Ilia '3T. 14. Asked, yield 10! 100 It 115 I e' 16 CI 91 'i UK) 7 00 K'i I2'j 7.15 101 105', 166 16', 16', 140 13 14 9S mi 20 lit 101, III HO', t.7 i i 1 i tit ItKK, 101 90 101 10 l2 )(2lj II 6 6S 113'i lu.1, 0l't t( 1.15 llt 1'3'j 171 171, 140 '22', 2.1', IK', Hi', Kl't 10, 7 45 18') 171 17', I T'i 7 22 'i I i 1 85 mi 7 18 F- 112 rs too IDS', .70 HO', in 18 14, 101 1 34 14 I II HI lll'i 172 16 16', 115 IVi I3'a 7T2 9 12 100 108 KUlf 112 101J IK'i 4.75 1184 11 1(4', K4, 495 JUDGMENTS FILED Following are the Julgments filed In King County Sept.

ept. 28. The first de'aor: n. Sllie of T.I44D name is that of the Collins. II Inrt Com, P.niln.

Ai seme SH2 S' hnelder, Name tlrernhera-. Sams MMoro. l3 Same trado, Sunt. Rx'hman. I Hare 4t Chaee, ....111.

10 116 lnc.Ti0a.43 lihrafslo. U. Kuan Sa: me. .134 Jaeoer. I- A I Kramer Max Mantlets Ij.ee.

Ine 1172.78 Klreman, The One Filly Nassau St Ccrp 6124.36 Vcnlsi ll. Brooklyn bally Tlin. e. 4717.94 Harharlo. .1 Zlcrardy, etc.

MrUralh. Ktyee 13l.21 Merino, American Pence Const 41 47 5 Oieenbaum. llanhatlan Stationery Co ne a II6.J9 Meyerhof.r. A 4 Coal ro.161.6I Herllng. tieotfo bakor Shoe Co.

1134 4') D'Agostlno, 41 Jr 9 Castsllano. ISIl.kl Dracopaulus. Oieason. Son A I'al- ti-ll, Inc II Broadway Cummlng Ml fx, Inn II 669 60 Volluro. Ballatore 1101.16 Cellle.

Mecbanlia Bank Illl.ll Klaus. A illller A Co. Inc II Aldrlch. 14,164 66 A 8 Silverman People Seme-Same Hsiue Chid, Markowlts. fllHl of 1601 A A Oretnberg People F.t gelson, Stale of 61.00(1 Itraiy, 75 Morris 1166.

03 gleriuan, 1, Con.inerctal Credit Corp. JUDGMENTS SATISFIED'' Itsi-lln I-aumlry Co 3 Ammerman, Pre I. 90 to Pord. Kvans A Devlsl, epeclnilsts In H'O'k Mml Hank aefuilllss, trperH, a rlrtuhtr allowing the scope of a. Ilvitiee and hustnees In wht-h such fcanlal msv psrlMpate under the federal farm Malf Act.

4 DIVIDENDS. 21,1 day ot Hefli-mber, 1925, 1, the ander- slatted, the referee, In said Judgment. rained, will sell at public auction to the highest bidder, ly Nn'haniel Shuler, euc-. tioneer, hi the Brooklyn Heal Estate rliange, No. 140 Montague etreet.

In tire. Hurous.lt of Brooklyn, County of Klnga, 011 the 11 til day of Ortolier, at twelve o'clock noon, the premises directed by seld. tP Judement to be sold, aiwl thsreln described. ae fullowa: All that lot or panel of land, with tlso bulldinugs and Improvements therion, Us the Borough of Brooklyn, County of City and Htate of New York, and mur tj fully desrrlhed as follows: at a point on the westerly. side of East slreel, instance 20 feet from the corner fornied by tli Intersection of the westerly side of Knot Hid atreet with the southerly side of Avenue running thenc westerly and parallel.

1 with Avenue 100 fuel; thence toutherly, and parallel with Kaat 231 street 21) foot; thenee easterly and parallel with A venire 100 feet to the westerly side of East Zlf etreet and thence northerly along thu-t. weeterly elde of Bant 22d street 20 feet the point or place of beginulnf Dated, September 8Sth, 19S5. r-rti 8AMUBI. Beferee ''-CI Geo V. Aleiander.

Attorney for aMainttffn. on IJ Court street, Brooklyn. N. Y. LONG ISLAND TRUST COMPANIES' Nassau City Trust.

1,140,41 3,744.344 1.081,307 9.9:1,8(0 1.549,691 1,144,133 Cltlafna, P'ohogue Northport Osborne. ton 8uf. City 171,112,551 Totals MISCELLANEOUS SECURITIES TTEND CONVENTION AT ATLANTIC CITY foo Busy to Co," Say Bank ing Officers Behind1 Busy Desks. I Comparatively 'few Brooklyn inkerg ara attfndlnfr the convert- of tht Amorlcan Bnnkerg Aiwo- In eHion at Atlantlo City TiiU wek. "Too- buy to go" ti the mo geri- ral answer wnlch Inquiry elicited at I the larger hanking Institution of the boro whin tho convention- was mentioned.

Junior officer (or the nioBt part are representing their jnHs at the resort city, while lior officers are busy at work. git one of the largest commercial likR a survey of the officers' qugr- kllselosed every man at his desk, ly engaged with conferences or era. Havings hank olllcers are attending boeause their conven er! will be. held In this city next Cunth. Among the Brooklyn bankers who lid manage to got away for the con vention are William IrlHh, president of the First National Bank fund president of the New York State linkers Association; Ansel P.

ver- cashier of the First National fnk: Thomas Blake, secretary of La Kings County Trust Company; fharles K. Koyce. assistant secre- liry of the Brooklyn Trust Com pany, and B. P. Van Benthuysen, vice president of the Nassau National Rank.

A much larger number of women, however, have gone from the boro to the Aasoclatlon of Bank Women, which Is In session nt Atlantic City at the same time. The women delegates are Miss M. C. McCulloy and Miss Mary Stevenson of the Wlll-Ismsburgh Savings Bank; Miss Bess Kollansbee, manager of thel woman's department of the Brooklyn Title Ciuarantne and Trust Company; Miss Lillian Backus, director of the personal service department of the Greater New Tork Savings Bank; Miss Kdna A. Breden, service director of the Brooklyn Savings Bank; Miss Jane A.

Langthorn, assistant manager of the woman's department of the Brooklyn Title Guarantee rind Trust Company, and Miss Harriet M. Murray, director of the service department of the. Roosevelt Savings Bank ot Brooklyn. Reserve Fight Averted. Atlantic City, X.

Sept. 29 (JP)- The convention of the- American Bankers Association, called Into general session today, Is expected to go on record in favor of perpetuation of the Federal Reserve System. over proposed amendments tc the Federal Riserve Act. Involving the method of operation of the viivio'is reserve bonks, is believed to have been averted bv the report of the economic policy commission, headed by Eyans Woolen of Indianapolis. This report that the question of recharterlng Federal Reserve Banks be separated from Uie question of amendments.

Education Best Cure Radicalism, Pierson Declares Before Bankers American Association Propoiet SO College Scholarihipt to Mark Anniveriary. City, N. J- Sept, J9 re is nothing to fear from radl- Ism provided the great mass of American people have a true rcrstandlng of th essentials ot Uness and government, Lewis E. chairman of the board of he Irving Bank-Columbia Trust Company, New York, declared in an KldreKs this morning before the invention of the American Bank- Association, Mr. Pterson as Irman of the Fiftieth Annler-v Committee, reviewed a half tiny of banking, outlining the it liitlon a plans for eommemorat- onipletlon of Its fiftieth year by 'iwlng college scholarships and faith In economics In every Btato the Union.

For fifty years the American nkers Association has been strlv- to spread a 'knowledge of bank-'and business fundamentals not illy among the banking profession fnit also among all good cltiaens. Tlierefgre, It la eminently fitting hat at this llltloth anniversary of la existence the association should uke another forward steD in the lllffusion of econonilo truth, that th 'association celebrate Its anniversary by some definite and continuing to the development of louna tninking on matters ol bust- tess and finance," he said. "That contribution Is to be ex pressed In the establishment of Foundation Scholarships, which will give to the students of our colleges Increased opportunity for education In noiind economics. Reviewing the progress In busl-nesa and government during the last BO years, Mr. I'lerson asserted that the history of the Bankers Assoclu-tloimnd of American banking during that period have run a similar course.

"To keep pace with changes It has been essential for the banks to ao-commodnte themselves to the necessities of Industry, and to expand from purely domestic banking to the wider field of International finance," ho suld. "The banks of the United Htatea during tho past half 'Century have met and solved every banking problem with which the country has been confronted. The resumption of Bpecle payment, the establishment ot the gold standard, the creation of the Federal Reserve Hyarem and tho enunciation of the banking policies which carried us, safely through the Btraln of the World War and the difficulties of post-war deflation are outstanding accomplishments." Mr. Pierson said the plan devel-oped by the Fiftieth Anniversary Committee was to obtain 60 subscriptions of 15,000 eVh so as to provide 60 scholarships or one for eaeh state and territory, and also to have a general solicitation based on state quotas according, to banking capital In each state for an additional $260,000 providing for fifty additional scholarships. LONDON MARKET LOWER; OILS MAKE FAIR RALLY London, Sept.

29 Ths stock mar- was quiet today with prices main- lower. Kuhhcr lnaues were Irremi. tinder a bl speculatlv turnover. Is wore heavy In curly dealing, but or mmen unoor tne lead of the nexueltin group. Tobaccos were minenid by the bears and the Iron, il and textllo Issues alao were in jvy supply.

I tome rails 'wers dull. Royal Dutch Him kio Tlnto 43. Court-ds were at IGVt. 1'ho ijllt-sdRfw division was flabby, to tha Hurt In thn dollar rat on nnon and a general disposition to an reHun ot tiio government con- slon loan offering today, Chinese is wci-o in eupply on reports of in nootis in thut country. Franch wie quiet, CUl NTV Ctil ItT, KIN'iH Samuel H.

Coomhs, illnllff. 1. Joseph Rosen, widower of Yetta Rosen, de- ceaerd. and other defendanta In pureuance of a Judsment of fore- rloeure and sale, duly mnde and errtereiv-' In the above-entllled action, end bearlnf date the 2th day of iitamUer, lljjo, Kugr Sum as ml rrt-'e. Itesdlifj The Hrooklvn Kugl In ('liK'Innail.

1 li'um InHiesti-d In read inn your liifurinatlon on stork InvrHiiiirni. I would Ilk to be al-vlwd on two unae ntucks. If thev are advisable to buy at present prli'en: 4'iihn Atnerliun Hugur com mon and I'unia Alar Huirar; if 'hey are two amild companies, alao if their pric es ar clos to dead level for that at-ason. A. A.

Th sugar Industry ha been hard hit In 1126 due to largo cropi all over th world and th consequent low prli es obUlned for sugar. Naturally, earning ot ths sugar rnmpanloa d'ltnnd, nct'ltattns; adverse) dividend action. I'usti Alegr Bngar was obliged rllml-natn Its dividend, and Cuban Ameri can Huaar to rut It. Both companies ar aound finaiicln.iy and have been larg camera In prusparous iraaons. I doubt whether any on can say now thut sugar stock price are at their low- level.

That la th speculative risk one must secept- In buy-ftig such books. However, they are relatively low, represent 4arge and are well manoged. When th situation turn. It must eventually, the prt-e will undoubtedly rise, hut In the meantime, I would be Inclined to buy only those sugar Issue which are paying dividends, see To K4-II or Hold Ktn4. I have five ahties of Oenetal Motors common stock and eight share o( American Telephone A Telegraph which bought at 14 and reepectlvly.

Would you art viae selling at their current prince, or continue to hold them a good Investments? M. M. U. A. I presume vou purchased both stocks for Investment, and whllo present price ar high snd thn profit you hav attractive.

It would be difficult for you to. get as food a return In Issue ot similar quality which would fluctuate be In price. Hold them tinle you wish to mak" sure that your profit will not be affected. Th Investor, however, Is i rz Railroad Larnings Canadian Pacific Hallway. 1621.

154. Aug. gross rev 112.421. 144 Nit 4.KI.74I IU.6II I monlha. srow 11k 016 111.614.716 Net earnlnss II 131.30 14.tit.tl4 Mbtsnurl I'aclflc.

Aug. oper. rev II.3I4.1T Net. oper. I.TJt 11 I.1II4.1I4 rimes Income Sur, after cherge.

1 month eper rev. N.t oper. Income cjroes Incnnie bur after charges. 1.1ul.1 tot tin T7.434.S64 4,41 117 1 Mini 1 1 2.i:i.4D3 III TH 14.646. S73 H.c.o 1 it i Jl I.4ii.l44 The "lllti Four." 324.001) 1 ii.m.iMH' 1421.

IT.ilS.Odl I.IS4.I.14 31 tm.ti'Hi J.yti.euu Aug. oper. rrv. Net oiwr. Inc.

I mv oper. rev Net oper. Inc. rilliliuiK A iJike Krle. Aug.

oper. rev. 11.4'itenn Not oier. Inc. 4 one 6S I moe oper rev.

31 HIS" I1.13l.en Net oper. Inc. 1.471. ooi) l.443.eui riurniHtlon. Aug.

opr. rev. 4.I4 IH Hi 626 Net oper Ine. I 470 4 oper. rev.

14" M.34 14l.4"4 44 Net oper. Inc. 16.414.711 14.lt1.SI4 Hocking A alley Auguet Oper. revenue Net oper Intoina I monlhe Oper. revenue Net oper.

Im-ome iis.aea l5 IM) l. ittt. see ts.luv 1.47I I III! 604 11 3T44e 3.4T4.ve PUBLIC UTILITIES tf leled ty Haaae 41 Usees Itl. Asked. Ad'ro ek Power 71 SO DJ 100 llll', Am' OaeAHectrle 75 71 SI el IW 14', Americas Uakt A 110 D.

pf 101 Amerteaa Pwr A 16 D. II American Pukll Ulllllle 14 Da. prior 64 II to. parllclpatlag pf 77 7 Amerliaa Superpower Class 14 la't Do. Class '64 1 Appalachian Pow if Ts to D.

pf ml I0J. Do. pf 101 Carolina poetr Light 400 425 Ceatral Itrtts giectiic 1.0 110 Do. pf 16 II Cttlee Service 17 II', Do, pf 1.4 It', Do. pf.

'4 Do. Bankers Share IK'a Columbut Ry Pew. A Light. 145 Colusnhus Kla Pewsr let pi. If I 161 Do.

Id pf HI Commonwealth Peer 34', 15 Do. pf (C 44 Cmtlnenltl Oa Slactrl 14) CoBoumers Power 4 pf 7 Kaatera Teiaa gleetrle. 7 Do. pf 100 Eleetrle Hallway I44 IT SIMtrle Hon Share pf 104' 105 Smpii Uas ruel pf 41 100 federal Lliht Tractive il7' 17', Do. pf 1 1 1 14 Pederal Ulllltle Do.

pt 11 Ft. Smith Uht Trselloa li 14 Ualvastoi-liouatan Kleclrl. II Do. pf 1.7 0 General Gas ties, pfd A 7. 10' Oeorgia Ught Power A Ry 65 ts Illinois Power A Light pf Kentucky Securities Corp 6) Do.

pt .1 Lehigh Power Seeurlllee 35 41 Michigan Ilei'trlo Ry pf. Allttlealppl River Power i 71 Do. pf 91 14 Wouataia Statte Power S6 29 Do. Pf 94 94 National Llf lit, Heal Power pf 61 National Power A Light 400 tl Do. Pf WO rl' No.

Canada Power capital 4u 61 Norther Ohio Power .10 II No. Ontario Light A Power 47 49 Do. pf T7 VI Northern gtatoa Power. llll, d. pf 401 Northern Teiae ICleolrlo 4U 60 Do.

pf 50 ul Oklahoma Qas Eleetrle 4 98 Portland Ky. Light M', Do. pf Tl 76 Power Helurltl Coi-p. 16 ,7 Do. pf 31 .16 Puget Bound Power A .0 il Do.

1 pt 84 Do. 1 pf 106 104 Ropubllo l(y. Light (4 t.n, Do. 6 pf II Blorra Pacfla aSleotrl. In Southern California Cdlaaa 141i 141! Do.

fi pf Ill Do. I pf 16 Souther Power A Light 81 Standard Uas Belectrlc pf. 6 1 54 Tampa Klectrlo 140 Tonnessse Elaatrl Power 70 Do. 1st 1 il 85 Do. Id 6 pf II (4 Do.

1. pf 101 HP, Texns Tower Light pf Ul ll 1 United Am. Bankers shares 18 i United Oss Klectrlo ..42 48 Do. u( 81 Lnltcd Lliht A foner A 142 146 Do. 18 1 186 Do.

pf. A. K't HI', D. pf. 49 61 Do.

warrant. 6) 7.1 Utah Power Light if 97 bo Vermont Hydiw-Eleotrl pf. 86 Virginian Power 60 0 IVeatar Pewet 'i4': D. pf I6t If th the nice 111 ei', nient named, will "ell nt politic auction rS' the highest bidder, by M.l'hlllleniy ljf, WW. THE OLDEST SAVINGS BANK IN BROOKLYN A QUARTERLY DIVIDEND Heaney.

aili'lioneere. inw Kstate Kxckange, No. 1S9 Montague etrei-L. In tha Borouah of llrooklyn. County of Klnga.

on the 20th dey of llctober. 192. at twelve o'clock noon, tho premises reeled by said Judament lo be sold, and ur; therein described ss follows: Vii All that certain lot, piece or rarrel or land, with the building end Improvements thereon erected, situate, lylns end being in Hie Itnrouth of Hrooklyn. County ot Klnsa t'lty and State of New bounded and dee-rltied as follows, to wltj HeKlnnina nt a point on the northerly side of Avenue distant twenty l2'i) feet east-" erly from Its intersection with the east- erg aide of Nostrttnil avenue: runnlns thence eaeterly elona the northerly el-te Avenue seventeen (171 feet; thence. 'r northerly, parallel with Nostrand avenue (-and part of the distance through a party wall, one luindred IU'0) feet westerly, psraUel with Avenue seventeen At the rale of Will be credited to Depositors October 1st, 1025 (payable on or after October 20th), on all sums from $5 to $5,000 entitled thereto.

Deposits made on or before October 3d will draw interest from October 1st 41NK 11(11. LAR WILL OPKN AN ACf'OlN'T Hnnk open from 9 A. M. to 8 P. M.

Momlay Kvenlnge from 6 to 7 o'clock. Saturdays from A. M. to 11 M. Todd Shipyard (ao par).

13 ll'j 13 Union Ferry 10 15 Rorkwood 41 Do. pf Id 71 13 Ward Baking A(ao par) 160 70 Do. 70t' TJl Do, pt IT 1.8 114 BONDS. Am. Called at 100 Allan.

Ar. R. R. gen. S2 Be.

Imp. 17 Bkln. Bath W. B. ti Bkln.

Boro Oae let Sa 19 Do. gen. ref. 106 1W Bkln. C.

A N. R. R. 1st 16 7 II Bkln. C.

R. R. con. 1st IS Bkln. Corp.

ref.4s,'44. to 95 Bkln. Heights R. R. 75 Bkln.Q AS.R.R.

unstp. ss'-i Do. con. s. ll 68 8t Bkln.

Un. El. R. R. 1st 8ij 18't Bkln.

U. Gascons. 1st 100i 101 C. 1. eV B.

R. R. cons 88 72 Doehlor Die Caatg 98 102 Kdlson El. III. of Bkln.

91 Flatbush W. Vfks. 1st 100 101 Oalr, Robert, 10H 103 Jam. Bkln. R.R.

1st 6s, 66. latertype Corp. Ta ll 101 K. Co. El.

P. let 102', Do. pur. money Ulfi K.C0.E.R R. unstp.lst4s,'4l.

77)i 11 K. Cq. GSa I1L 1st 11 K. Co. Lighting let 105 107 Knox Hat 1st 14 100 Long Island 100 100H Do.

103', 104.4 Do. 99' 01 Miller, I. St Bona Shoe lou Namm, A. I. Son 1st 102 104 Nassau El.

R. R. cons.ls.'ll. t0't' 61 Do. 91 Naaaau Lt Pow.

1st 99'i N. T. Queens Use 9Uj N.T.StQ.E.L-AP. 0. let 100 101 Public Sonrlcs of I.

Ill Queensboro G.4B. 1st 01 100 Da 102 105 Realty Asso. SecurC. tt' 99 Shulls Bread Co. 1st 98 loo" BouthBay Cons.

Water Sa'60 88 10 Ward Baking 1st 103 101 THeBrooklynSavingsBank 1.1 iiki'ii. it, i Terwer Plerrrpont aad Clinton Mis. nxAvriATj. A (entrance alen at 300 ullon St. selection of an invest I Choose Your Investment for Usefulness and Permanence I ''HE right I BROOKLYN STOCK AND BOND PRICES Quoted tr HANSON HANSON, 31 Broadway, N.

T. NATIONAL BANKS. Dvldn.Bld. Aeked. Buihwlek.

1M 140 Chaee 1 20 10T 112 Beat River Ill M0 110 riret, ,111 475 riusklnf 14 100 MO Qreenpolnt IS 930 Naaaau Ill' S10 Peeplea 110 '15 Public, new Ill 161. 175 btatb banks. America (Pre Ill Mi 215 Do. (V. T.

tit 260 270 Bank of Coney 19 820 Cera Eiehans .,10 611 121 Globe Kienant 141 141 Manhattan, par). II 111 211 par) 14 225 Moatauk 240 tale Ill 160 TRUST CQHrANIIS. Brooklyn lit 11.1 Irving-Columbia Ill ml 822 Klnsa County 40 1200 1300 Uanufaoturers Ill 500 520 Jdldweo 140 Peoples tM MO 110 Title Guar. Trust Ill 4S0 C25 TITLE! COMPANIES. Bant A Wort.

Ill If 5 95 Wret Mort. Guar, 5.e0 Home Title ll 235 Uwyera Mort 110 23 5 242 Lawyers ill II 320 $10 N. T. Title Ill S5 445 V. S.

Title Guar 110 43 150 PUBUC UTILITIES. Bkln. Boro Gae ta par) 2 0.i 107 Do. (1(4 par) I8 60 50 Consolidated G-, N. 17 17 57 Flatbush Water W.

oom IS llll Jamaica Water IT 70 41 51 Klnsa Co. Lishtlns 17 75 Do. pt 113 1(6 Do. pt I' 100 Lant Island 111 Do. pf I' 104 li( MQ.CU1 IT 14 Do.

pC II 4 Queanabor O. B. f. 104 INDUSTRIAL AND MISCELLANEOUS. Am.

Manufacturing 9t Do. pf ...14 78 42 Am. Machln Foundry 180 Ulls. B. W.

(no Jl :4 17 Do. laLPf. (144 11 41 61 Do. 3.1 pf. (Ill 60 1 11 Bohack.

il. In 6U 160 Do. let pt 4' 100 BorSra Milk (HI it 15 Do. pf 14 117 110 Bkln. Academy ot Muale I 11 Bltln.

C. R. R. (10 par), .10 7t Bkla.Warehse Sleras Id 10 Bush Terminal 15 IS il Do. pf II 1 17 Chllda (Reot.) 12 10 47 tl D.

pt 7 115 117 Coney lal. Bkln. R. 41 Coney Isl. Hotel (Units) Ill SC6 DoahlerDle C.

(nepar), i Hi It Baals Stor. Warehe. 4 18 Klaaman Mag. (ne par) 7 II Do. pf 17 45 50 Int.rtjpe 1st pf I 111 114 Knoi Hat (no par) 15 60 Do.

prior pf 7 to Do. pf ti Mergenthaler 10e i joj Miller, Shoe pt IT lot National Caakst 10 National I.lcorloe li" 70 71 Do. 14 ti Natlenal Sugar 17 pit 107 Realty Aaso. (no 5 84 i 31 i Do. 1st pf 34 si IH Do.

Id pf el UobertUair id Do. pt 4.,,. IT 15 to Rqulhb, P. Ml ment house has a lot to do with making an investor skillful, alert and consistent in the handling And extras. KOTR These quotetiono have been gathered from authentic aources and are bellevxd to be In the eMual market at the moment.

The Kagle invites reports of salea from all aourcea. NEW YORK CITY BONDS (17 1 reet. ana inence siuiineriy, asei" parallel with Nostrand avenue and part of the dtetatice through another party, wall, one hundred (100) feet to the point' or pjace of beginning. Together with all the right, title and in-tereat of the party of the first part of. In and to the larfd In Avenue lying In front' of and adjoining said premises to the cen ter line thereof.

Dated, Heptember 29tht 1925. r. rulNLAN. Referee. Roy M.

Hart, Attorney for Plnllittrf, It Court Street. Hrooklyn. N. Y. 29 tut FIXAXriATi.

House i It will pay you to read this booklet -V You can get an idea of the ck-tent of our facilities of the1" things we are prepared to do foe our customers of the means' we take to safeguard our bonds', while they we in the making indi afterward by spending minutes reading an interesting t. booklet. Choosing Your Invesf- ment House," whieli we be r-Ud to send upon reauest.u Ask for booklet BE-OA 1 A If ii, t. is. a 1 ss: ueraqg re leVi Htf of his investments.

A house that is genuinely interested in its customers will guide them in the selection of bonds which not only are safe but which fit each one's requirements. It will keep its customers well informed so that they may manage and extend their investments to best advantage. Halsey, Stuart Co. affords us customers the benefit of years of extensive underwriting experience, in various fields of conservative bond financing. The quality of its judgment has been demonstrated over a long period of time.

This organization realizes that the only way to build maintain and extend its clientele is through bcin useful to them. SHORT TERM SECURITIES eerltr. 1 Bid. Aeke4. Aluminum Ca.Jkm.

100', 100tf Aluminum Am. Ta. 106', 107 Am. T.T. col trust 97 'i 97' Am.

T.T. ca ltta'4l loy 101 Am Thread? Co. Is, '31 102', 103V, Anaconda opper Co. la 102' 103'-t Anaconda Copper lOO'j 1(0', Aaacanda Copper Co. 7a.

'81. 1(2', 1'2', Atlantic Kef. Co. 4Hs, '84-'38. 4 100' Bait O.

prior Hen 99 luui, Bait. O. Sec. 4a '31 102j US', Caaadla National 4s. 991, Canadlaa National 4Vla 98't 18', Canadian Natloaal 4 He, 96', St', Cc ttral Argentina By.

4a. 'IT. 1(H)', 100', Cent Slates El. Corp. 9f', 10n Chl Pao.

Ikja 100 100, CkU, R. 1. 4 Pao. Is, 'tl 99', Chi, All Pas. Is.

'II 99 99, ContlntlGas AElec, ts.17.... nx Bfliaoa Eiectrie in. ts, gmplre Gas A ruel Ta 101' lOH'i Sri R. It la 'II 100 100) uta. rtriaum s.

if tui't Oil Corp. la '17 Mi 100 Gulf Oil Corp. 100) 102 Hooking Valsy. Kg. Is, 100', 1004 liumblaAOIl Ref.

101 101', Italian Power I Hi, 'II 99t 101 Kaosa City Tr.lty. 101 10I' Uke Shore 4 Mica. So. la'll )' Lehigh Pow See. Corp.

la, 'If 101 101 Uarland Oil 4a' II 101 1011, Minn St. P. 48,1. liarle la'H 99'i 1001 Missouri Paelllo Co. la 17,.,, 100', 14,04, Pur Oil Co.

IMS, 'll-'ll 100 4 100', ilnolalr Crude Oil Pur. 10'i( 1001, Sloe. SheS 811. Iron K2'4 H31i Solvay A C. 14 1C4 106 Beuthera Paa.onv 4a, 97 97H Slandar Oil, Cal la, 100l 101 Staadard Oil.

N. T. 114. 1(6 1( 67 ent vu L'ntoa Pao. H.

It oenv. 99' 99, U. ItubherlHs, '3I-'41 99'i Hit, Vacuum Oil 7s, 14 104' 106 Weatlnghouaa El. Mfg. Ta, 'II lcjo'j lld'i Wlaooastn Osat.

By. 100', lui AI'ITAI, IXCRF.ASK fNpcclnl fo 7'Jir l.ttutv.) Alhuny, Sept. 29 A notice hns been fllod with the Kocretnry of of Increase of rnpltnl of the Morrcll Supply t'oinpsiti', Hrooklyn, from 110,000 to ISl.OOO. ilae.C i Security. Bid.

Asked. 4 4a, Dec, '71. Vi Hl'6'i 106', 41T He, July, '67 105 10'( 4 17 4'je, June, '6 lOtj'i 17 4He. March. '41 104't 10H 4 17 4 He.

104t 105' i 4 17 4Kb. June, '74 101 102 4 14 414s, April, '13 101 102 4 14 4Ks. April, '66 101 102 4.14 4 March, '14 101 101 4.14 41.S, llarch, '61 101 101 414 4WS, '69 .101 101 4.14 4t4s, March. '64 op. '14 luO' 10JI4 4.10 4a, May, '51 97' 98 4 08 4s, -63 17', 38' i 4 01 4a, May, 17i, 98'i 414 4e, '56 DTt 8S', II la Nov, 9714 Hi 4 10 4a, 16 99 4H4 His.

'64 87', 18' 4 11 3 4e. May, '14 57)4 'i 4 11 Ittt '64-'6l Ins, TI4 19', SHs, '40-'4l Ins 125 4.U 44s, Ina 4 25 4WB, 4.21 410 Haa, 4 20 NEW YORK STATE BONDS Security. Bid. Asked. Tleld.

Canal Hy Is, 4 00 Canal Hy 6s, 4 10 183 Canal Hy 6a, 4 10 3 85 Canal Imp 4 Ha, 109 112 1 90 Highway Imp 4 Hi, '41 109 ill 0 90 Canal Imp 4Us, 105 108 1 86 10) 105 5 86 World 8.95 Woi-MW 4 00 1 11 WorldW 4 00 8.85 Insllt Blrlg 8 91 Instil UlUg 895 9 80 Inatlt Blrlg ts, '4U-'4. 3 94 I lllghwy Imp 101 lWj so l'sa Imp 01)' 10.1) 180 Barg 0 Tar 101 101 Ml, h- i r. s-1 HALSEY, STUART CO. INCORPORATED 14 Wall Street. New York.

Phone Rector CHICAGO NEW YORK PHILADELPHIA DETROIT CLEVELAND LOUIS BOSTON MILWAUKEE MINNEAPOLIS fVvV ii ui'. ft fJVC 7.