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

MI THE BROOKLYN DAILY EAGLE, NEW YORK, TUESDAY, FEBRUARY 5, 1929. 00 CONTINUED ACTIVITY Profits and Losses Are Your Stocks Earning Dividends? STOCK DIVIDEND BY CENTRAL UNION $12,000,000 GOLD BOUGHT FOR ANACONDA COPPER RAISES DIVIDEND The Day's New Investments $35,000,000 Debenture Offering for Commercial Investment Trust on Market Alleghany Corporation Stock Sold. $25,000,000 I K.uc. A new issue of $25.010,000 Central Public Service Corporation per-cert convertible gold debentures, with stock purchase warrants, was offered by a group headed by Harris, Forbes te and including H. M.

Byllesby Federal Securities Corporation, and West fe at 06'i and interest to yield about 5.80 percent. This issue ks dated Feb. 1, 1929, and is due 1949. Realty Bond Certificates. The Empire Bond 3s Mortgage Corporation in Lssociation with Arthur Perry te offered a new Issue of $1,700,000 No.

98 Riverside. Drive Apartments first closed mortgage 6 percent sinking fund gold bond certificates due July 1, 1941. The security for the loan, a 16-story fireproof building at the southeast corner of Riverside Drive and 82d Manhattan, is now in the course of construction and the bonds will be legal for trust funds in New York State upon its completion. Uiiily Offering Expected. A banking group headed by Yea-ger, Young St Pierson, Pimie, Simons and Vought Co.

have purchased 100,000 shares of Class common stock of the Empire Public Service Corporation for later public offering. The corporation war organized recently under the laws ot Delaware and will have total assets of more than $35,000,000. Aviation credit Corporation. Public financing' aggregating approximately $5,000,000 for the Aviation Credit Corporation, which was organized for the purpose of financing sales of airplanes, motors, in the installment plan, expected Uhln the next few days when a banking syndicate comprising Hayden, Stone Hemphill, Noves Co. and James C.

Wlllson fc will make an otTering of 250.000 shares of the corporation's no-par value capital stock. Heavy Purchases Are Made in London Market. A total of approximately in gold gold was purchased in London today for shipment to the United States by various bankers and trust companies in New York. This is In addition to the $5,500,000 now In transit, This constitutes the largest single day's purchase in many The Irving Trust Company bought 1.000,000, equivalent to about Goldman. Sachs Co.

announce the engagement in London of in gold which will leave on the Mauritania tomorrow. New York banks are expected to take more gold in London this week with the public offering of nearly $4,000,000 from the Transvaal. The $5,500,000 taken last week is due to arrive on the Majestic tomorrow. Sterling has consistently held below the incoming gold point since the last takings for New York early last week, but the lack of fast ship sailings has held up new consignments. The New York Trust Company has purchased $2,000,000 of bar gold in London which will be shipped on the Maurctanla sailing tomorrow.

CRUDE PETROLEUM LOWER The average price of crude petroleum in ten producing fields was again lower last week at as compared with $1,693 in the previous week. The average for the corresponding period last year was $1,472 a barrel, according to the Oil. Paint and Drug Reporter. Gasoline at the refineries was reduced, averaging 8.386 cents a gallon at four principal refinery centers, compared with 8.855 cents the previous week and 7.03 cents last year. Service station prices in ten leading markets were lower for an average of 19.02 cents a gallon, against 19.32 cents for the previous week and 17.84 cents last year.

Want $1 Tariff on Oil Washington, Feb. 5 Independent oil producers will appear before the House Ways and Means Committee and urge tariff duty of $1 a barrel on petroleum and products when articles on free list are reached Feb. 20. Representative Howard of Oklahoma, whose bill would levy the tariff has assurances from the committee that interested prrties will be given opportunity to appear either Feb. 20.

21 or 22, when the oil schedule is to be considered. Curl Ij As Sanger, members New York ind Bo'ton Slock Exchanges, have ISMied circular discussing Insurance mompany stocks. ferred, on which there are accumulated dividends. Allowing for only the regular annual 6 percent preferred dividend requirements, the balance is equal to $2.47 a share on 109,961 common shares, against $9.23 on preferred and $3.35 on common in 1927. McCalTNet Up.

The McCall Corporation and subsidiaries report for the year ended Dec. 31 net profit of $1,664,366, after depreciation, reserve for taxes, against $1,309,133 in 1927. 1928 net profit equals $6.31 a share on common shares, against $4.80 on 263,504 common shares in 1927, after second preferred dividends. Pre-ferreds has been retired. American Department Stores I'p.

January sales of American Department Stores Corporation were $1,517,167, as compared with for the same month last year, an increase of 92 percent. Dome Mines Production I'p. Dome Mines, January production was valued at $357,780, against $350,294 in December, in November and $350,665 In January, 1928. Lackawanna Gains. The preliminary reports of Delaware, Lackawanna and Western Railroad Company for the year ended Dec.

31, 1928, shows net income of $13,129,542 after taxes and charges, equivalent to $7.77 a share (par $50) earned on $1,688,822 shares of stock. This compares with net income of $15,707,772, or $9.30 a share, in 1927. Lima Locomotive Deficit. The report of Lima Locomotive Works, and its subsidiary, Ohio Power Shovel Company, for year ended Dec. 31, 1928, shows net loss of $111 605 after expenses, depreciation, comparing with net loss of $191,341 In 1927.

Unfilled orders at the close of 1028 amounted to $2,485,157 against in 1927. Norfolk-Southern Net Off. The preliminary statement of the Norfolk Southern Railroad Company for the year ended Dec. 31. 1928, shows net income of $606,927 after taxes and charges, equivalent to $3.79 a share earned on 160.000 shares of stock.

This eomnares with $740,355, or $4.63 a share, In 1927. Mock-Judson Net Up. Mock-Judson Voeliringer Company reports for the year ended Dec. 31 net profits of $412,086 after charges and taxes equal, after preferred dividend, to $4.02 a share on 100.000 no par common shares against $118,283, or $1.18 a share in 1927. E.

N. Townsend Company has Issued a February analysis and quotation pamphlet Registrar: Guaranty Trust Company President of the Corporation, states: American British Corporation. Net income of the American, British and Continental Corporation for the 12 months ended Dec. 31 last after all charges and provision for Federal income taxes amounted to $1,304,768, compared with $1,010,572 the previous year. This was equivalent, after preferred dividends and after giving effect to the reclassification of the second preferred, to $1.33 a share on the common shares outstanding at the end of the period, against $1.03 a share earned In 1927.

Gross income of the corporation in 1928 amoutned to $1,887,933, against $1,520,625. Of the 1928 gross, $1,256,427 represented income from interest and dividends and $631,506 the realized profit on sales of investments and commissions. Aero Underwriters' First Report. The first report of Aero Underwriters Corporation, organized as the first concern of its kind to specialize in the field of aviation insurance, was made public today. For the limited period of operation of the corporation, surplus of $33,647 is shown in this report.

Of the proceeds of its issued capital stock the corporation reports a total investment in subsidiary corporations of approximately $3,865,000, and that, in addition to carrying a cash balance of sufficient amount for all reasonably anticipated expenditures, it had on Dec. 31, 1928, $300,000 invested in call loans. Crocker-Wheeler Report, Total assets of the Crocker-Wheeler Electric Manufacturing Company as of Dec. 31, 1928, werci $4,219,925, according to a report Dy the company. Of this total, the cash account amounted to ac counts and notes receivable, less reserves, real estate, buildings, machinery, $3,784,576, and merchandise, finished stock, work in process and raw materials at shop cost, $820,557.

Kinney Sales at Record. E. H. Krom, president of G. R.

Kinney states January sales totaled $1,117,285, against $889 933 In January, 1928, an increase of 25.54 percent. It is stated January was the third consecutive month in which sales established a new high record. Eastern Steamship. The Eastern Steamship Lines report for the year ended Dec. 31 net income equal, after preferred dividends, to $5.63 a share on 124.317 no-par common shares outstanding at the end of the year, against $7.42 a share on 99.454 shares in 1927.

Gulf Mobile Reports. The Gulf Mobile and Northern Railroad's preliminary 1928 report shows net is equal to $8.33 a share on 114.156 shares of 6 percent pre Transfer Agent: J. P. Morgan Co. A letter from Mr.

O. P. Van Sweringen, New financing of $35,000,000 for Commercial Investment Trust Corporation took place with the offering of an Issue of 20-year 5'2 percent convertible debentures through a syndicate headed by Dillon, Read and Lehman Brothers. The debentures are priced at 105 and interest. The issue represents one of the largest bond offerings so far this year.

Associated with Dillon, Read Co. and Lehman Brothers In the offering are Cassatt fe A. G. Becker fz E. H.

Rollins Sons, Hemphill, Noyes Shields and the Commercial National Corporation. The debentures are convertible into common stock of the corporation until Feb. 1, 1935. Proceeds from the sale will be used to provide additional working capital necessary for an enlarged volume of business and are to be applied to the reduction of bank loans of subsidiary companies. Alleghany Corporation Common.

An offering of 500.000 shares of common stock of the Alleghany Corporation has been sold by the Guaranty Company of New York, Lee. Higglnson fc Dillon, Read the National City Company, the Harris Forbes Corporation, the Union Trust Company, Cleveland, the Union Trust Company of Pittsburg. Hayden, Miller fs and Wood. Gundy Co. These shares comprise the remaining unsold portion of 1.250,000 shares sold by the corporation to others than O.

P. and M. J. Van Swerlngen and their associates. Messrs.

Van Swertngen and their associates took 2,250,000 shares. The corporation will acquire forthwith shares of stock In the Chesapeake Corporation, the Ches-aneake Ohio Railway Company, the New York, Chicago and St. Louis Railroad Company, the Erie Railroad Company, and the Buffalo, Rochester Pi'tsburg Railway Company. INSURANCE COMPANIES Quoted by Unlisted Becuritlea Dealeri Aaaoclatlon ot New York. Bid.

Aik Aetna 1050 s.ctna Fire. .800 820 Aetna Llfe.12.i0 1280 Auric new. .170 1B0 Aiiemama Ain All new 53 on Am Eqult 39 39 Am Newrk.32'a 33 'i Am Phenlx. 55 58 Bid. A'f Knlckb'ker 40 44 Lincoln Lloyds O.300 Majestic F.

18 20 Maryland S.102 lo8 Mass Bond. 650 Mechanics Merch A.l;0 lie of 2 i 28 43 50 Mo State 87 90 Am Reserve HO Am Snlam'd HI Automobile .600 Uul A In n. 48 Hk of BhlD.580 8- 620 50 Nat Cas'y. 48 Nat 1370 1400 Nat Lib n. 3: Boston 980 10.0 Nat Fire.410 New Amst.

8 Fire New Rruns 49 Fire 50 New Jersey. 69 Cas tv.102 Fire. 23 Niagara No River. ..430 Northern ..145 .205 'aelfl: Fire 170 Pan A Life. 38 Prop 35 Phoenix 970 Prov Wash.

890 Pr Aec't .530 Rep (Plttsl. 44 Rel 12 Rep Dallas. 34 Rochester A SO Rhode St Paul. ...218 Springfield 220 Secur 128 420 DO 6H0 52 it 74 104 26 Bkln 128 Brnr, 11'. Camden F.

37 39 50 52 Chi. in Clly of Y.7I0 HO Col St Flra 21 29 Col Life. .445 Com of NY. 701 Com Cas'ty. 48 52 Conn 2075 2125 Cont Cns'v.

6H 'il 1HS 440 iio 190 41 37 9:10 905 560 48 13 37 SS 370 225 230 Cosmopolltn 30 Empire Flra 22 txeess Ina. 16 Lquit Cv3. 56 FC of NY. 171 FAD Of flra A of 49 Firemen's 45' i Franklin ..450 23 19 59 1H0 305 52 46' 4fi5 1610 Globe 45 dlens Fire 65 Oermanlc ..27 On Reliance 53 Gen Rel rta 23 Oreat 55 A Indcm 67 Halifax Ins. 39 Hanover 85 Hartford F.070 Harmoma 41 Hart'd 840 Home 635 Homestead.

42 Hudson Oas 9 Indepen'e 22 Ind Ind 22 135 Sn Lite ..2450 2550 gvlvanla. 35 40 S'uvvesant 385 400 Tran Insur. 35 45 Trana Ind 19 22 Travs-Reins 19 23 JTravelers.lB7a 1900 8 Casu y.4.i5 II 8 Fire. .1:10 88 Ai 8.510 I'niv 75 V.ctory va 130 Westchester 94 135 92 515 "0 38 14(1 97 In Ex 107 Life. .1225 1325 Ex-dlvldend.

lEx-rtghts. N. Y. TRUST COMPANIES Quoted bv Unlisted Securities Dealers Assination oi New Yorn. Bid.

Ast Bid A'R Banco I 410 430 Interstate .333 343 Irving Tr. .5:14 540 Banco Bk Europe. 550 Do new 135 Bk of Y.860 450 Kings Co. 277.) 2875 Law Aj O.390 100 873 Mnnufac n.250 Midwood ..310 Mnr Hill. .315 Mu of W.380 216 343 400 Bankers .1170 1190 Bronx Co .450 Brooklvn .1675 1710 Cent 2350 2400 Countv ..1040 1080 city Trust.280 300 Empire ...512 522 Equitable ..550 6i7 Fm As T.1000 1015 Fidelity ...440 460 Fulton' ....600 Guaranty .995 1010 In German.

217 225 Ex-rlghts. New York.lOKO 1095 NYTft M.635 6H3 Plaza Trust. 205 2H Times 183 Title 89.1 Trust A. 325 tin States 3525 3625 IT 8 As T.SOO 605 Westche'r 1000 1100 West 450 REALTY, MORTGAGE AND SURETY COMPANIES Quoted by Unlisted Securities Dealers Association or new rorn. Bid Ask Bid.

Ask. 150 2.i 210 16 43 105 Am Surety. 325 Ac 465 Gen Surety. 135 Home Title. 270 Int 57 Lawyers .318 A T.2D8 335 480 145 62 325 320 Mort Bond.

130 Nat A Co. 24 Nat Oil. .200 Sur n. 14 Renb Surety 24 Sou Surety 43 St As On $7 Basis; Industrial Finance Pays Stock Dividend. The Anaconda Copper Company declared quarterly dividend of $1.75.

payable May 20, record March 29, placing the stock on a $7 annual basis, aKainst $8 previously. The Standard Oil Company of Nebraska declared an extra dividend of 25 eent.s and the rcRiilar quarterly dividend of 624 cents, both pavable March 20. record Feb. 25. Three months aso an extra dividend of 50 cents was paid and six months apo 25 rent extra was paid.

The Industrial Finance Compora-tion declared a dividend of 10 percent in common stock, payable March 20, record March 8. NEW CABLE OPENED Simultaneously with the announcement that the newest Western Union trans-Atlantic cable, between Newfoundland and the Azores, has been opened for commercial traffic, effective today. New-comb Carlton, uresident of the Western Union Telegraph Company, revealed that Western Union cable traffic increased approximately 11 percent in volume in 1928, as compared with 1927. This new cable, which provides an important telegraph link between America and Germany. Spain, Italy and Africa, was laid last September, at a cast of nearly $2,000,000 for the cable alone, exclusive of elaborate and expensive operating equipment.

Hardware Trade Slackens Reports from leading hardware are less optimistic this pa-st week than they have been since Jan. 1. This is not considered alarming Hardware will say tomorrow in its weekly hardware market summary', as this is the season of State retail hardware association conventions, which often take buyers from their stores. Also there is a tendency on the part of many buyers to hold off on certain volume orders until they visit the exhibits In connection with the conventions. Future bookings appear to run slightly behind in most sections, but this condition will likely change early in February.

Mid-West Gasoline Cut The Standard Oil Company of Ohio has reduced the service station price of gasoline 1 cent a gallon to 18 cents for ordinary and 21 cents for ethyl gasoline. The Standard Oil Company of Kentucky has reduced the price of gasoline 1 cent a gallon. BROOKLYN STOCKS Quoted by Hanson le Hanson, 25 Broadway. BANK AND TRUST COMPANIES. Dividend.

Bid Asked Bay Parkway National 185 205 Bedford National 153 201 Bensonhurst l.0 170 Brooklyn Trust '24 1060 1090 Do rt 575 595 Bushwick National 350 Citiiena 235 Erasmus 145 165 Flatbush National 215 225 Globe Exchange 6 355 Granite 330 370 Guardian National 300 325 Kings County 80 2775 2875 Jamaica National 4 .140 Lafayette 295 Long Island-Astoria 180 230 Manufact'ra Trust, n. 5 252 .257 Do rts 22 24 Mrcli. Bank. $50 16 524 530 Midwood Trust 6 330 350 Municipal 10 333 350 Do new 120 128 Nassau National 12 635 655 Peoples National 12 1000 Prospect 160 175 Qucrnsboro 8', 330 380 Ridgewood 175 Rugby 220 250 Richmond Hill 8 1050 Springfield Card. Nat.

130 1M Traders 295 315 Vnity Stat 180 205 Woodsido 290 TITLE AND INSURANCE COMPANIES. Ai-crican Title 5 95 103 BUn. Fire Insurance. $1 25 130 135 National Life 275 Empire Insurance 20 25 Empire Title Ac Guar. 170 180 Equitable C.

8 53 59 1st Mor Guar, L. L. C. 6 115 130 Do rts 4 Guaranteed T. $8 300 Home Title MSI 270 290 Long Island Title Co.

10 315 335 Marshall "A Mfg. 1 14 17 National Title 6 195 205 Prudence pf 71 102 104 Suffolk Title Guar. "4 125 140 1I1SCEIAANEOUS. Ansonia Clock 30 35 Bohack (H. C.t, new.

$2 50 74 78 Do pf 7 105 110 Acad, of Music 10 13 Bkln. Ware. Storage 6 90 Coney I. A Bkln K. 70 Eagle Whouse 4i Stor.

'6 125 Falcon Sec. corn 30 Financial As Industrial a4 150 154 Goebel (6'i bondsi 100 Great A P. Tea Co. 4 370 380 Do pf 7 115 117 Intcrt pe 1st pf 8 113 James Butler 15 Do pf 6 53 I. I.

Light, new 40c. 50 52 Do 6'i pf 6 100 102 Mrrgrnthaler Linotype 5 103 103 Shoe pf. 6'k 95 Municipal Finance A $2.75 PO 62 National Licorice 6 83 Do pf 6 83 Realty Assoc. 1st pf 6 96 Do pf 6 98 Pobert Gair 30 35 Squibb (E. R.l, com 78 82 Squibb pf 6 100 rjnion Terry 10 1J And eitrai.

tEx-rlghts. SEx-divldend. AHtl thttt Sharti having been told, thit adoertitemenl appear! as matter of record only. 500,000 Shares Common Stock (no par value) Alleghany Corporation (A Maryland Corporation) These Shares comprise the remaining unsold portion of 1,250,000 Shares sold by the Corporation to others than Messrs. Van Sweringen and their associates.

IN MACHINE TOOLS Reports from all industrial centers without exception are to the effect that business is being maintained on a high level, machine tool orders in a number of cases being even greater In volume than in the closing months of last year, according to the American Machinist. The most encouraging part of the present situation is that all classes of metal-working shops are represented In the buying of shop equipment. January business in Chicago exceeded that of December by a comfortable margin, and Inquiries point to continued activity throughout the first quarter of the year. Purchases by railroads is expected to be a feature this month. TIMKEN PAYS ON NEW STOCK The Timken Roller Bearing Company declared an initial quarterly dividend of 75 cents on new stock, payable March 5, record Feb.

18, placing the stock on a $3 annual basis. Old stock was on a $6 annual basis before the 2-for-l splltup. CHAIN STORES GAIN Showing in common with other chains an increase in January sales, 8. S. Kresge Company reports sales for the month totaling $9,018,932, an increase of $361,156 over January, 1928, and the McCrory Stores reports $2,692,397.

a gain of $266,275. The G. R. Kinney Company's January imles were $1,117,285 against $889,933. KINGS COUNTY TRUST COMPANY Distinctively Brooklyn Institution devoted to the Interest of Ita depositors.

Interest Allowed on Accounts Subject to Check. Special Rate! on Certificate of Deposit 342 FULTON ST. CAPITAL $500,000.00 Surplus and Undivided Profits $5,895,000.00 COKN EXCHANGE BANK r.ttaitliihtd lS Capital and Surplui $28,000,000 BROOKLYN BRANCHES Brooklyn Branch Court a Joralemon fit. Flatliuah At. UrancB.

..10 a ii Flatbuaj At tlreenpolnt Branch, a Maonat. Ar. Myrtle At. II ranch Myrtle At. a H'vnj South Brooklyn Branch 7U Hamilton At.

nnshwli'k Branch B'way ft (ircone At. Proipect Brancb 8a 7 Halhuib At. of New York $3,029,000 1.375,000 $1,654,000 in the foregoing for substantial amount the Stocks to be by in. Trust Company to Pay 20. Raises Capital to $1 5,000,.

000. The Central Union Trust Company declared a stock dividend "of 20 percent, Increasing the capital Stick to $15,000,000. The par value of the stock will be reduced to $20 from $100, effective may 2. This, with the increased capital, will give each holder six shares for one now held. Stockholders are to vote on tha proposition March 21.

Empire Power Holdings Up Empire Foyer Corporation's se curlty holdings are now in excess' of $64,000,000, exclusive of current assets and miscellaneous Interest, equal after dividends on the 6 percent preferred stock to approximately $70 per share on both the participating and common stocks; according to Peter P. McDermott 6s special review of this company. Invest With Safety SVi Guaranteed FIRST MORTGAGES and CERTIFICATES GUARANTEED TITLE AND MORTGAGE CO rrrJ'k J. Ueidcnreica, t'res, 37.1 Fulton Ht. SO Jamaica Ave.

4 OfP llnrn ill at Ptnntlllmnia ate uriwiia DrooKijn I'nJnn Ifalt tl anBfn. I I iSI a si a A Aftl DIVIDEND BROOKLVN FIRE lNSI'RaNrK COWTANT The Board ot Directors at a meet inn held January 17th. 1929. declared dividend-of ONE DOLLAR AND TWENTY-FIVE CENTS H1.25I on each ahare o( the capital atoclc of the Company, payable April 1st, 1(129, stockholders of record M.ircl) 20th, 1929. The transfer books will be cldicd from the close of bualnrci on March 19th, 1929, to the opening ot business on April mil.

1929. WILLIAM 8. IRT8H. Treasurer. LEGAL NOTICES.

BY VIRTUE OP A DEFAULT IN A CON. dltlonal Sale Contract, Jere J. Reld, Auctioneer, will Mil at public auction. Feb: 11th. 1929.

9:30 A.M.. at 1177 Bedford Avenue. Brooklyn. N. a Dodge Tatttcab, serial No.

A838-958, retaken Horn Fran Competplll. SUPREME COURT. KINGS COUNTY Monia Schwartz, planum, aKainst KUbta Corporation and others, defrndanls. In pursuance of a Judftment of forrrlos lire and sale duly made and entered In tin above-entitled action, and bearing dale th. 31t day of January, 1929, I.

the under signed, the referee In said Judgment named, will sell at public auction to the highest bidder, by Nathaniel Hhuter. auctioneer, at the Brooklyn Real Estate Exchange. Nn. 1B9 Montague street. In the Borough of Brooklyn, County of Kings, on the 271U oay of February, 1929, at twelve ocloek, noon, the premises directed bv said Judgment to be sold and therein described at follows: All that certain lot, piece or parcel of uuiiuiuku niiu iiMpiuvrinrmai erected thereon, situate, lying and being in the Borough of Brooklvn, Countv of King.

City and State of New York, known an4 designated on a certain map entitled Ma of Rugby, filed in the office of the Regis-ter of the County of Kings. City and Slat of New York, August 2. 1904. as map num. bei 1446.

as and by lot 8. block 4700. cept so much as was taken for the open mg and widening of Church avenue, and bounded and described as follows, to wit: Beginning at a point on the southerly side of Church avenue, distant forty and 140 30-1001 feet easterly from th. corner formed by the Intersection of the southerly side of Church avenue with th. easterly side of East 62d street, and whicrj said point of beginning Is where the division line between lots 8 and 9.

as said lots are laid down on said map. intersecia the southerly side of Church avenue: running thence southerly, parallel with East 52d street one hundred UOOi feet and seven one-hundredths 17-1001 feet to tht northerly side of lot number eleven ill, as laid down on said map; thence easterly along the northerly side of lot number eleven ill as laid down on said map, twenty i20i feet; thence northerly, parallel with East 52d street and partly througU a puny wall, one hundred two and flftv three one-hundredths 1 102 53-1001 feet td the rotitherly side of Church avenue; thence westerly along the soulherlv siri. of Church avenue twenty and fifteen one-hunrlredths (20 15-100) feet to the point or place of begining. Together with all the right, title and Intel est of the mortgagor of. In and the said premises to the center line thereof.

8ald premises are being known as and by the street number S208 Church avenue, In said borough and city. Dated, Febru ary 5th, 1529. JAMES M. FAWCETT. Referee.

Ira F.oscnson. Plaintiff Attorney, Broadway, Borough of Brooklvn, N. Cl'V. fr, ft 8MPHEMR rrmWT nunc rrtmn-w Samuel cam-n. planum, ataiust Lllros.

Construction Corporation and others, d. In pursuance of a Judgment of fore, close and sale duly made and entered in actl0- bearing dat. 1 01 "ruary, 1929, I. the under- 'n Judgment named, will sell at public auction to the highest Si Nathaniel Bhutrr. auctioneer, 1' 'J1 brooklvn Real Estate Exchange.

rV0-180, MontBBu streeet, In the Borougll of Brooklyn. County of Kings, on the noon th.n"'"?' lfl'9' artork-m-nV hP rrmiSM iwted by said Judg-follow'- "ld described It l.nn1 Ju lot- r-f or parrel of ni the of Brooklyn, Countv of Kings CUT A 5 red alxfv" on' Jnrner (LrJl00 'Tl from th. ea, TCd of th. ou her E5' n'h treet with th. riinntn el with ouherlr.

parali el with 9ih street, forty C4(ll feet' 10 Sine of East mn street: thenre northerly, aloui th. rly side ot nth afreet, fir (401 feet to Ihe point or place of beg nnlna Tone her with alfthe right" tit 0R'an4 Interest of the party of the first of in. and to land lying In front of ind ad-'pining said premises to the cent Dated. February sth lor, JAMES FiNFOAN. Referee I.ewis Abramon, Plaintiff's Attorney.

11 Court Street, Borough of Brooklvn. fit tuA-f SUPREME COURT. KINGS COUNTY James R. Kenny, pialntttf. against.

Cnther. Ine Napolltano and others, defendants In pursuance of a Judgment ot form closure and sale duly made and entered lit he above-entitled action, and bearing da' the 1st day of February. 1929. I the uiv, derslgned the referee. said Judgment named, will sell at public auction to th.

highest bidder, bv Nnthanlel Shuter Auctioneer, at the Brooklvn Real Estate Ex-change. No. 1S9 Montague street in tha 7, uruuMvii. uountv or ngs. orr the 27th day of February.

i929. at twelv clock noon, the premises directed bv said" aa fSlowV0 8C'd' nescrlbcni t.nrf' L)? 'ot. Pirre or parcel of and, with the buildings and Improvement. situate, lying and belli In the Borough of Brooklvn. Countv or-Kings.

Clly and State of New and described as follows, to wit: Beginning at a point on the northerly'' distant twenty-five i25i feet easterly from the corner formed by the Intersection of the northerly de of Herkimer street with Ihe easterly, side of Sackman street, running thenc northerly and parallel with SarHman hundred UOOi feet, running Ihenc. easterly twenty-one (21 1 feet, ten and one-half ilO'-l Inches, running thenre southerly and again parallel with Ssckmaiv street and part of Ihe jtiatonre throiign a party wall one hundred HOOi feet tr. the northerly stde of Herkimer street, running thenre westerly along the northerly side of Herkimer street, twenty-one i2l feet, ten and one-half (lO'ji tnchea td the point or Place of beginning. Together with all the "right, till, and Interest of the parties of the first part In-end over thst nortlon of Herkimer street lvlng In front of and adjoining the here'n described premises to the centra Jin. thereof Doted.

Februsrv "th. OEOROE A. ARKWRIOHT. Relera Irfiuia A. Brown.

Plaintiff Attorney, rourt itreet, Borough of f-Ottf. Spear Company Clear Off 2d Preferred Arrears preferred and seven dividends on second preferred stock of $1.75 each. The regular quarterly dividend of $1.75 on second preferred for hc period ended March 1, 1929, also was declared. All dividends are payable March 1. record Feb.

15. The seven dividends of $1.75 on second preferred clears up all cumulated dividends on that issue. GODCHAUX SUGAR GAINS Godchaux Sugars, New Orleans, which has been using a new sugar cane introduced from Java, in the first six months of its fiscal year cleared $731,697 against in the corresponding period of the previous year. The increase was attributed to the success obtained with the new cane. NEW YORK BANK STOCKS Quoted by Unlisted Securities Dealers Assrciation or New York.

Bid. Ask Bid. AsK America ..103 107 Am Union. 2ii Bk ot 8.2UB Bk of 27i Bklyn 155 170 Bror.J 62b Varrlnian .010 Win Hanover ...780 1)00 Iiidustl Nat.2SO 2M) t.alavetle Lebanon ...240 260 Lctcourt n.205 303 Liberty Madison St. 235 260 Vhtll H-IO Mech ot Bn 525 Melrose Na.sno 605 Munlclnal .583 5i Ponn tin Park 905 923 N.

1000 Pns State .575 Prosp't Nat.130 175 Pt Morris. 900 Prla State 81. Prudential .165 175 Pi'blic, 251 2i'0 boro Nat.330 30 Seaboard ..835 8.10 ....180 Sixth Ave 13) 210 (Straus 340 Textile 73 78 Trade Bf. 1" Traders World 225 275 Yorkville .240 270 Chrlsea Ex.4'.'U Do i lot) rent lid 4110 no Chase 020 930 M0 Chemical .11711 1200 Cilv. 112H Do rls.

.12:1 Clermont n.373 Commerce 0 i.s Commerc'l 580 000 Bryant J7o Bwav Cent 40 Colonial Continent! 500 623 Corn Excli Bl.) 82.i Cosmopol'n 500 1st 1:170 Filth Ave.2200 2H00 Olobe 400 Ornce Nat IO Oranlte 400 Guard Nat. 310 330 Ex-rlghts tEx-dlvidend. lEx-itock MKETINGS. NOTICE IS HEREBY GIVEN THAT THE annual meeilni of ihe stockholders of PELI.I8SIKR. JONAS fi PIVET.

Kill be held at the olflce of the Company. 31 Stockton Street. In the Borough of Brooklvn. City and State of New York, on the 19TH DAY OF FKBRUARY, 1929. at 10 o'clock A.M., for the purpose of electing a Board of Directors to serve for the ensuing year, and for the transaction of such business as may properly come before the meeting.

JAMES A. JONAS. Vice President. THE ANNUAL MEETING OF THE STOCK-holders of the BROOKLYN COAL EXCHANGE, for the purpose of electing directors and Inspectors of election, and transacting such other businesa as mv properly come before the meeting, will be held FEBRUARY 19TH. 1929, at 2 P.M., at 130 Clinton Street.

Brooklvn. SAMUEL DRUMMOND, Secretary. The holders of the Common Stock shall have the right to subscribe pro rata to additional issues of Common Stock sold for cash and to additional warrants for the purchase of Common Stock, sold for cash (except warrants issued attached to or in connection with the issue or sale of other securities, or any Common Stock issued upon exercise of such warrants). The Common Stock will have no other pre-emptive right except as may be given in particular cases by the Board of Directors. Capitalization iTo be outstanding upon completion of praient financing) Fifteen-Year Collateral Trust Convertible 5 Bonds $35,000,000 Purchase Money Debt (assumed) 1,029,000 Cumulative i Preferred Stock Series A 25,000,000 Common Stock (no par value) shs.

In addition there ars presently to be outstanding warranti evidencing the rights of holders thereof to purchase at S30 per sture 4,100,000 shares of Common Stock on or before February 1, 1944. additional (without warrants! reserved for conversion of Fifteen-Year Collateral Trust Convertible 5f Bonds. Total Preferred Stock authoriied $100,000,000. tin addition 350,000 sharea reserved for conversion of Fifteen-Year Collateral Trust Convertible 5' Bonds at $30 per share; 379,000 aharea. reserved against exercise of rights to purchase such stock at $30 per aharo under warrants attached to 250,000 shares of Preferred Stock; and aharea reserved agsinat exercise of rights to purchase such stock at VI0 pur ahare under warrants sold to the organizers of the Corporation.

The price, and the number of shares purchasaole under warrants or into which Bonds may be converted, are subject to adjustment in certain cases Total Common block authoriied 7,500,000 sharea. Earnings Estimated income on the basis of current dividends on stocks being acquired and 4 interest on uninvested proceeds of present financing, less interest on Purchase Money Debt assumed $4,779,000 Interest on funded debt 1 ,750,000 Alleghany Corporation has been organized by Messrs. O. P. and M.

J. Van Sweringen to take over from themselves and associated companies certain shares of the below mentioned companies, and to furnish a corporate instrumentality to provide funds for further investments from time to time, principally in railroad securities. The Corporation has no power to operate railroad properties or to engage in the banking business. Messrs. Van Sweringen and associates will acquire 2,250,000 shares of the 3,500,000 shares of the Corporation's Common Stock presently to be outstanding.

The Corporation will acquire forthwith shares of stock of the following companies The Chesapeake Corporation The Chesapeake and Ohio Railway Company The New York, Chicago and St. Louis Railroad Company Erie Railroad Company Buff Railway Company Such stock, which is being acquired at a cost to the Corporation of approximately $84,068,000, has an indicated market val in excess of that amount. Of such stock, shares costing approximately $57,000,000 are presently to be pledged as collateral to secure $35,000,000 Fifteen-Year Collateral Trust Convertible 1 Bonds. Present Financing The 3,500,000 shares of Common Stock presently to be outstanding are to be issued for a total consideration to be received by the Corporation in cash and securities amounting to $70,000,000. With such stock or the proceeds thereof, together with the proceeds from the sale of $35,000,000 Fifteen-Year Collateral Trust Convertible 5 Bonds, and $25,000,000 Cumulative 5h Preferred Stock Series the Corporation will acquire the stocks mentioned above and cash in excess of $46,000,000.

Of the consideration to be received from the issuance of the 3,500,000 shares of Common Stock, 60 is to be contributed as capital and the remainder as paid-in surplus (not available for dividends on the Common Stock). Brooklyn Edisdn Company INC. BROOKLYN, NEW YORK The Board of Directors at a meeting held January 22, 1920. declared a regular nuarterly llOtn dividend ol $2.00 a share on the capital atoi It of the Company outstanding pavable March 1, ConS6CUtlV6 ,0 holders of record at 3 P.M. on February 8, 1920.

Dividend Checks for the above dividend will be mailed. E. A. BAILY, Trcajurtr Estimated net income Preferred dividend Balance No allowance has been made the Corporation's equities in the of undistributed earnings on acquired. Temporary certificates for the Common Stock have been admitted to dealing on a "when issued" basis on the New York Stock Exchange When, aa and If Issued and received by us.

It Is expected that temporary atock certificates will be delivered on or about February 15, 1929. All legal details will be passed upon by Messrs. Davis, Polk, Wardwell, Gardiner eV Reed, of New York. Guaranty Company of New York Look at Both Sides The spider's web that encumbers your rambler rose or attic rafters can be used as cross lines on a gun sight for heavy artillery. Hundreds of tons of discarded newspapers are annually shipped to China where they are converted into building material.

In countless things one finds advantage as well as drawback. There is a time to pay cash and a time to ask credit. There are some situations in which debt is more desirable than in others. Some-times it is better policy to continue an obligation than to cancel it. In all these situations your banker's counsel is valuable.

Ours has been at the command of Brooklyn business men since 1859 and is at your command if you are a depositor here. Ak the Man Who Here The NASSAU NATIONAL BANK OF BROOKLYN Corner of Court and Montague Streets Dillon. Read Co. Th Harris Forbes Corporation Union Trust Company of Pittsburgh Wood, Gundy Company Lee. Higginson Co.

The National City Company The Union Trust Company Cleveland Hayden, Miller Co. Cleveland The tern tot i tea uiet tboT tuvt bti accepted by Tbt lU us lekable, but do dot tj.nt.tuM rtprneatttiOBt.