The Brooklyn Daily Eagle from Brooklyn, New York • Page 23

Till: BROOKLYN DANA' KM.LK, MM YOHK, FRIDAY, 1 23 REPORT COOLIDCE l'll IM Hh HI I l. mil h- I. 'I'll SALES OF BONDS .) Willi llH WILL AID ST. PAUL Washington, fi I 'oolidge is dlspiiseil 'i-rede to the C. 1,1.

LOWES NAKED 1ST VICE PRESIDENT OF SAVINGS BANK 000 OillllU'J 000 omlttoil High Low 111,11 Low I.at rcqueKt of the Asxnclm inn of Uu- BUILDINC MATERIALS OUTPUT INCREASES Washington, Jan. In-lilHlrit-K I In i tit1 iifMlintiun in-i other tlinhr-r prodiM'tH luul an oiit.uf in I va1u'J al 1 4 1 Ii IM iif-roniini; 1o a IIf tin Wt i i-cnsiin r-' pmt today hy tip 'oin mrr-co I tia rl tui-ii The fimii-f Ik cn iiHTta.Nf of perreut over IHIM. Th lrlek tile iiuliJHfry in ITC'S an output aliMI nt $33 1 tn inrrfMiM of 3)'. 2 ltroent from vay Unit In- rccoiimii'tiil ColiirrrHH iimnmi, (.. designed to save the ml to rlh BOND PRICES FIRM WITH LARGE SALES; RAIL ISSUES STRONG Foreign Loans Cain Slightly, Liberties Lower, New Issues Total $221,000,000.

The bond market toiluy wan nctlve mjO prices were generally firmer. Traillne; was In tnoreuneii volume 'hi i)f vilun (iir UNITED STATES BONDS. COD omitted High T.ow Lust 298 Liberty 1013 It'll 1012 Liberty 1st 29 101.29 10129 70 Liberty 2d 100 31 10029 10031 2 Lil)'y2d4 100.26 100.26 29 Liberty 3d 4 lis. 101 9 101.7 101.7 177 Liberty 4th 4 Vis 101.30 101.28 10129 1 105.8 1058 1058 110 USTrcas4i'64Dl0024 100.22 100.24 aim m. ituriid fro-n being furred Into elvership next June.

Alhi.nv. Jn 'iltltinll hut -eil i Sfti l.y tii i piit'iitnni, n. A HuiL lite c. beiiiK usUni to dn to rudure the es. ctmrso on money owinic to It by Ihe carrier from I) perreut to 4 percent.

Legislation Hill be le-uired to do Mil. ,1,. im DIVIItKNUS. House und senate Interstnie I'oin-nierce Com 11: ires will It KtHSVll SWImAM'i over pievlouK days thin week. Sev-J -mi A QUARTERLY DIVIDEND At the of Rate Per Annum 5Chi4NVrf5s2037.100'4 100'4 KM)1 1 Chi lad 4 5s '66.

.102 4 102'4 102'4 5 Chi 4 5a '33. 100' 4 10. i 100) 4 2 Chi 4 St 6s 994 100 8 Chi 4 7s '30 .108 1071 i 107)4 6 Chicago Ry 5s '27 83 4 83? 83' i 6 Chi RI4P fg 4s '34. 8 li 8 84)4 4 784 784 2 Chi 4 Wind 4s '52 77 4 Wi 77)4 4 Chile Copie 6s '32. 110' 4 110 110 1 954 654 974 97)4 97,4 2 Cleve Un Ter 5a 100 100 7 Col Fuel 4 1 5s 92 92 92 5 Col Gas 4 Eos sf27.

10054 10034 100i 81 81 81 1 Col 4 8 rf 414s 914' 91'4 91'4 9 Com'th Pow 6s '47 8'4 1 74 1 8 874 64 864 1 Con Power 08 914 91 100'4 100)4 2CrownC4S6s'42. 75 75 75 1074 107i 1 1 Cuba 8 db 8a "30 .100 994 100 3CubaDomSu7W44 97)4 97)4 97,4 2 Cuba North 6s 89 4 8S14 894 5 Cuba 5, '52 84 14 84 4 84 ILLUMINATING CAS SALES RECORD IN 1924 Kales of manufalured gas during by the public utility eoniDunies of the Lnited Htat-s Hiununted to 16 NY Tel 6s '41 1C64 10654 1C64 6 Tel deb 6i '49. 108' 4 108 108! 1 8 W4B4Via'45. 62 62 62 20 Norf4Weon4a'90. 884 884 88)4 2 NorfAW cv 6s '29.

1314 1314 131) 19 NoAm Edia 6s ct '32 984 f8'4 984 9 NoAmEdis 6 Via '48 .1024 U2 102? 4 1 Nor Pac 3a 2047.... 61 fcl 61 23 Nor Pac prli 4s '97. 5 44 85 14 Nor Pac 4 Via 2017 86' 564 86' 4 4 86 16 Nor Pac 6s 2047. 1064 K64 2 Nor Sta Pow 5a '41. 93)4 93)4 934 2 NorStaPow 6a B'4 1 106 105 105 0 994 100 2 Ohio Pub 8 7)ia'47.

110,4 110)4 HO) 4 10OldrnCoal0act'44. 98 S74 98 10ntPrANiagF5a'43. 99'4 994 99'a 6 Ont Trans 5a 97 97 97 10 0regBhLfg4a'46. 164 S6'4 21 OrWMhRyiN4s'61. 82 824 7 Otis Steel 7 Vis 92' 92.4 92! 4 3 Pac Coast 1st 5s '46.

85 5 85 11 Pac Gaa 4 El 5s '42. 93)4 934 93)4 4 Pac of Mo 2d 5a '38 98J4 98' 4 98 4 4 Pac P4L rig 5a 98)4 984 984 19 PaTel 4 Tel 5a'37. 994 994 994 86PacTel4Tfdg5a'42. 93 624 93 87 Pan-Am Pet 8. 34.

105'4 105'4 2 Penn 4a '48. 904 90'4 90' 1 PennRRcn4'ia'60. 984 98.4 984 21 PennRRg4Via'65 93'4 63)4 934 26 Pena 5a '64 98)4 984 984 4 Penn RR 5s 102)4 1C24 1C24 4 Penn 1104 1104 HO'i 18 Penn R7a '30. lOf 'jm4 ruble feet, s.ccord-Init to preliminary slut utiles ninde pulilh toduv bv tho Amertiiii FOREIGN' BONDS. 77 AntJuntcii8 E9Ts 6 Antill7Vis'30 93 93 1 Argentine os 82 82 99 Argentine 6s A 96)4" 95 55 Argentine 6s W4 95 4 Austrian 7i '34 97 t63, 16 Belgium Os 55 wi.

875s 87 1 Belgium 6 49. 9Si 93 5 Belgium 109 K8M 5 Belgium 8s '41 107.4 107'i 3 Bolivia 8s '47 25 9l'i 4 Bordeauxes 85H 824 82 1 Br8zil7Vjs'52 105.4 t05'i 24 Brazil 8s '41 6. 1 BuenoaAirestjijs'oo. 96 S6 2Canads5s'31 10H, 1015, 1 Canada 5 102 102 4 Canada 5as '29. .1025, 102? 1 Carlsbad 8s ct 974 4 Chile 7s '41 100 99) i Will be credited to Depositors Janunry lr, 19:5 (Tnyable on or alter January 20th) on all sums from to $5,000 entitled thereto.

Deposits made on or before January 13th will draw interest from January 1st. ONE DOLLAR WILL OPEN AN ACCOUNT Bank opan From 9.00 A.M. lo P.M S.tunlav, 9.00 A.M. lot 2.00 M. Monday livening.

From 5.00 to 7. OO o'clock. The Brooklyn Savings Bank INCORPORATED 18J7 Corner Pterrcpont and Clinton Set. An Entrance alts ac 300 Fulton St. Association.

This establishes a new 894 93 82 964 95 874 1C9 1074 924 85.4 82 10514 C6.4 96 1014 102 mv, 97i 100 103 108 Dime of Williamsburgh Trustees Promote Treasurer by Unanimous Vote. The trustees of the Dime Siiviims Dank of Wililumsburgli at their monthly meting yesterday Clarence M. Lowes first vice presi-Mit of the institution. -Mr. Lows has been with the bank for 'M enrs anil has beei.

its treasurer for 111 years. The trustees elected to the office of tressuier Samuel C. Thompson, who has been avNlstuiit treasurer for three years. Thi' election of Mr. Lowes as ffrsl vice president is a promotion, adjurta situation In the bank tint the trustees felt needed lt jllHt Iiik.

A month ago, on the retirement, of William I', rltuigls as president, C. C. Mollenhauer, who in Hie real estate bu.sinetis III the Kastern District, was elecltd president, ami I lie friends of Mr. Lowe were disappointed that he had been defeated for the office, in the to vote of the trustees, Air. Lowes al the time announced that he intended to retire at the first of Hie year.

Hince the election of the president, the trustees have been urging Lowes to remain, and they made the proposition to him that he accept Ihe position of (list vice president. He did accept, und his election yesterday by tho trustoes was unanimous. The intereft'ng clrcuinstnnee In connection with the election of Air. Lowes, and an Indication of the spirit in which the trustees acted, was tin. resignation of H.

F. Mollenhauer as first vice president, for no other rea son than that Air. Lowes might In-elected to the nltlce. Cnder the bylaws of the institution there are two vice presidencies In tho bank tirst and second. It Is understood- to be I'M prlne chiingeK were iimall with I ho exception of several Issues which were, up over a point.

Liberty HoihIh were Hllhtly lower, forr-inn bonds Hteudy and firm, rail issues hlnher In spots and industriuls Irri'itulur. Heflcctlng the rise In Sterling, t'nited Kingdom issues touched new IiIrIi prices, the BVof 29 reaching 11714 mid the 37's reuchiiiR 105. Argentine, Helium, 1 Mitch mid Nor-weglun bonds were higher, the Norway frainlriK 2 points while the French 7'b ami 7 4 Czechnsloviikian iiml Brazil bonds were sliuhtly lower. Mexican 4's of 1910 advanced from 21 14 to 23. Liberty llonds with the exception if tho 3 Vs were nightly lower, and Treusury bonds were utmost un-cliu lined.

1 ta.it Issue reflected Increased optimism on the stock market. Denver-Kii (irande refunding 6" rose to 62 und Denver Itio C.rande Western 5s to ltf. Chesapeake and Ohio Convertible 5's advanced from 107 Vi to 108. HI. I'aul of 1920, lifter selling at 78, dropped back to 77 Chicago, Milwaukee mid I'lmet Sound 4's advanced from 5f to 58 Vi.

New Haven 7's were higher at. VSVi. Krie 4's, Chicago and Great Western Vnt.tr I .1 S-t -It" 4 if niKli record for icas consumption and represents an increase of cubic feet In the last six yes rs. New customers connected to tho lines of gnu companies last year numliered milking; a total of 10,240.0110 pas ustomers as of liec. 31, the association reported.

A factor largely responsible for tho sreatly Increased sales of gun was the growing demand for tho product In Industry. According to tho association, gas now Is employed In more than 5,000 various heating processes, with an increased consumption during thu lust ten years of 1,000 4 1024 4 Del 4 Hud hV-i 1024 1024 274 Den4R0fn5'55. 61? 69'4 61'4 A Dividend 11054 85 97 994 994 NEW GULF COAST OIL FIELD FOUND? i were lower nne i trul debenture 6's were up one point. 1004 8 Pen 4 inc 4a '90. 354 364 1 98 (8 1 PhiIaCocvSVis'38.

94 94 the rave cf Four per cent per annum for the three months coding Dec. 31st, will be credited Jan. lat, and payable Jan. 15th on all auma entitled thereto from $5 to $5000 Dividends Paid and Compounded Quarterly January April July October DrpcuU made on or before Jan. 13th, draw interest from Jam.

1st THE SOUTH BROOKLYN SAVINGS INSTITUTION ATLANTIC AVENUE tt COURT STREET Brooklyn -U(ew York. ii0'4 (8 94 95'i 1104 904 94V, 102-4 40D4RioGfdctsta. 63'4 614 63'4 1 Det Edia rfg 5a '40. .10054 1O054 1004 1 84 84 84 I DuPont 7 '31 .108 108 108 4 DuqueeneL 5 Vjs 104)4 104,4 1 EaatCubaS 7Via 105! i 105)4 6 ElkhornCoal 6s '25 100 100 100 7 EmpGas4F7Vjs'36 97)4 97) S7-4 10 Erie 4a '96 70) 70)4 70)4 3 Erie cvt 4s A 64'4 64 64'4 30 Erie evt 4a 76 4 75 754 15 Erie gen-lien 4a '96 64 4 64 64 4 4 Federal L4T 5a '42 94-4 944 9454 1 Federal LAT 7a '53. 130 130 130 1 Fed Metals 7s 3...

105 105 105 945-4 94)4 II 105)4 6 Goodrich 6i '47. 102 101,4 101)4 1 Gen Refra 6a '52. 100)4 100,4 100,4 4 Goody 4 8, '31 .120 119)4 120 94: Well in Hitherto Unproductive Region Flows 600 Barrels. 99J4 2 Pierce Motor 8a '43. 95i 1 Pierce Oil 8a 102? 4 102)4 2PortRL4P5a'42.

854 864 4 PubSerE4G5Vis'59. 99)4 99 21 PubSerElPow 6a'48 1C4 103)4 1(3 85'4 99 1C4 103 99J4 (04 the intention to change the by-laws and to create a third office of vice president, to w.ilch 11. l- Mollenhauer will be elected. Mr. Lowes had no statement to make today except to say tlu.it lv was glad to remain with the institution with which he had been connected virtually all his life.

91 9254 100M 103 94 90)4 BUTTER, EGGS. POULTRY IVr toz. NVarby hennery, whitf unl other thnn nw chim'm, xtrHff Kxtra. fliBtH M3f Klrnt (tn tiijjc 88 92 83 4 Goody 4 8s '41 .120 1194 H9J4 Lower grmlH a ilS Houston, Jan. 9 Another Important Gulf Coast oil Held has been discovered south of Liberty und less than 30 miles east of this city.

This new field has been brought In by owners of small leaseholdings In a district that has been tested many limes unsuccessfully within the past 20 yeurs. Tim Initial production of the discovery well drilled by Winfrey on Ihe 1'lckett rive acres on east side of the Old South Liberty Halt Dome was 600 barrels daily tlulf Coast standard 22 heavy gravity grade pipe line oil, which is the most valuable oil known for muking zero cold test lubricants. The oil is free from water und basic sediment. Importance of this new field la hard to gauge ut present. Houston oil men and Houston oil companies own a large portion of the leases und royalties on the east side of the Dome surrounding the new well.

.00 utitr 14 Granny Min 8s '2 98,4 98)4 98.4 6 Grand Trunk 6s '36 .107) 4 107 107 mrhy huiinery, tuvtwiu Hulter. 984 II. THE DIME SAVINGS BANK OF BROOKLYN DeKalb Avenue and Fulton Street (Incorporated 1859) Resources over $110,000,000 Surplus over $13,000,000 Quarterly interest At the rate of Four Per Cent Per Annum on all sums entitled thereto will ba credited to depositors January 1st. 1925. and oaid on and after January 20th.

192S. Deposits up to $5,000 will bo received and Inter! paid thereon. Amounts deposited on or before January 13th will draw interest from January 1st, 1925. EDWIN A. AMES.

Pr. lideat FREDERICK W. JACKSON. Treasurer PHILIP A. BENSON.

Seorottry C. FRANK JTREIliHTOFF, Asst. Secy. fran.ery, liifftK-nt wore 99i :) Great Nor 5s '73 93)4 93)4 934 10 Great Nor 5a 100? 4 100)4 1005t 61 Great Nor 7a A '86. .110 109J 109J 82! Kxtra, ii itcurt' 4: KlrjirM.

He ore S4-S7 cul-e aI u'7 Lower 91)4 85,4 No jirletl on poultry un utrount uf lHavElRy4P5a'54. 86 86 86 Mrkf-n epstl-'iuic. 2 Chile 8. '26 103! 103 3 Chile 8 '41 108 -108 2 Chinese Ry 5s 42 425, 2 Chritiania8s'45. .110 11014 3 95 94:.

21 Cuba 6 Via '53 97 96? 6 CiechoSlov 8a '51 100 99 Vi 5 Czeiho-Slov 8s ct'52. 99 99! i 10 Denmark 69 '42, 100.4 100! i 3 Denmark 8s '45. 110'i 110 2 Dep of Seine 7s '42. 90'A 10 DutchEI5'Jg'53Mar. Wi MV 1 DukhKIo'js'SSNov 945, 94.

18 Dutch 100 99 99V, 9iH 10 i 2Finniah.6K.sctB... 91 11 141 French 7s '49 92H 91V, 100 22 French 8s '45 J03 103f 27GermanExt7act'40. 94)4 94 4 2GrConElPJap7s'44 90J4 90 3 Greek Gov 7s '64 wi. 884 83 2 Haiti 6s A '62 92 92 83 14 82J-4 5 Hungary 7 ct'44 90'4 10 IndBk Japan 6'27. 98', mi 5 Italy 6 lis '25 99 99s 1 Japan 4s '31 824 2 Japan '54 914' 91 1 LoAusIIdEI6'js'44 86 85) 1 Lyons 8a '34 86 86 31 Netherlands 6s '54 101 10C 4 21 Netherlands 6a 105 105 12 Norway 6s '43 98 87 18 Norway 6s ct '44 8 17V 1 Norway 6 974 2 Norway 8s '40 5 Orient al Dev 6a '53 854 i 5 3 Oriente 7s '42 97 97 5ParisUMed6s'58.

79 79 16PariaL4Med7a'58. 88,4 884 98 97? 8 1 Poland 6s '40 73 73 1 Prague 7js 92 92 1 Queensland 6e 103 103 13 Rep Peru 8a 994 2 RioGrdoBul8s'46 95 95'i 5 Rotterdam 6s 101 101 6 Serbs Cr 4 SI 8s '62 86 85'4' 102 7 Sweden 5s ct '54. S8J4 98', 1 101 7 Switzerland 8s J17 11 117'4 1 UnKingk.m5M!s'37.10? 105)4 20 20 23i 78USMex4s'108mall. 234 21? 35 10 Mexico 6a small. 38.4 38) 4 1 Zurich 8s '45 HO'i 21 HoeR4Co 68 102,4 101)4 10154 16H4Madjincos'57.

68)4 K.4 t8'4 85 101 105 98 67), Denn, Onattvlu Co. annnnnrf that Tucker 1h to le aH-Horiatcd with them in their nutin tI1ce, 11 Wall New York City. 11 Hud4M ref 6a A '57. 6'4 6' 864 10 HumbleOil 5 Via '32 100 99J 100 I 56 III Bell Tel 5a A '56. 974 97 '4 974 14 111 Central 4a '52 86i 86' 4 S64 51 III Central ref 4s '55.

88)4 884 88' 4 113 AM of these Bonds have baan aold. Thia advertisement appears only as a matter of record. New Isaue January 9, 1925 97 4 111 Central 5Via '34. 103 1C254 1C234 794 mi 28 111 CCS4.N0 5a '53 96 4 96', 86), 2mStetldeb4Vda'40 3' 4 93' 4 7 Intb rf 5a '66 C8.4 68)4 6b) i 32 6t C8 C84 5 Intb Rap Tr 6s 73, '3'4 7)4 98 73 92 103 26 Intb Rap Tr 7a '32 92)4 92) 4 92)4 99! i 8 latiGtS 1st 6a 101 101 01 inisuwn suj os oi. oa' 101 f6 103 21 Int Mer Mar 6a '41 8M4 8t')4 88) 6 Int Paper 5s 9 i-8J4 89 3 IntRysCenAm5s'72.

77 77 '7 884' $12,000,000 August Thyssen Iron and Steel Works (AUGUST THYSSEN-MUTTE CEWERKSCHAFT) and Affiliated Mining and Sales Companies Five-Year 7 Sinking Fund Mortgage Gold Bonds (CLOSED ISSUE) To be dated January 1, 1925 Due January 1, 1930 To be authorized atjd issued Interest payable January I and July 1. Principal and interest payable at International Acceptance Bank, New York City, in United States gold coin cf the present standard of weight and fineness. Coupon bonds in denominations of $1,000 and $500, interchangeable. Callable, at the option of the Companies, as a whole, or in part by lot, after 60 days' notice, on any interest date to and including January 1926 at 102'2 and interest, with successive reductions in call price of '2 of during each year thereafter to maturity. Th Companie.

will agree to pay $1,200,000 per annum, commencing with $300,000 on or before July 1, 1925, and quarterly thereafter, to be used as a Sinking Fund for the purchase cf bonds, if available, at prices not exceeding 1C0 and interest, any unexpended balances to revert periodically to the Companies. Principal, interest and sinking fund payable without deduction for any toves levied by German Governmental authorities. 1 Iowa Cent 5s '38 58,4 8,4 8)4 101 1164 f2'4 81)4 524 41 KanCityP4L5a'52 96)4 96 96'4 117.4 106,4 Mlsouri Pacific Issues were higher. In the lndustrltl group Anaconda Issues were Irregular, Mugna Copper 7's were up one point. l'an-Amerlcah Peto 6's were seedy, Skelley Oil 6Vi's were 'tip IVi, and Blnclalr oil 7's were higher.

Interboro bonds were nctlve and Irregular as were the B. M. T. liotids. The day's new offerings brought the total new issues for the week to $221,214,000 of which 1 3 represented public utility obligations.

August Tliyssen Now ii Steel Issue. Public offering was made today by Dillon. Read Co. of August Thyssen Iron and Steel Works nnd Affiliated Mining und Sales Companies five-year 7 percent sinking fund mortgago gold bonds. These bonds ur a closed mortgage on the largest steel company in Germany und a company which has maintained a commanding place in the industry for many years.

Tho loan, which hns been under negotiation for some time, is among the largest and most significant made to a German industrial unit since the war. -The bonds are dated Jan. 1, 1925, and are due Jan. 1, 1930. Their principal and interest are payable in New York City In United States gold coin.

They are callable as a whole or in part by lot after 60 days notice on any Interest date to and Including Jan. 1, 1926, at 102 Vi and interest, with successive reductions of one-half of 1 percent during each year thereafter to 'maturity, A sinking fund of $1,200,000 per annum will be established for tho benefit of these bonds. The proceeds of tho issue will be used for plant Improvements and iiddltional working capital, of which most Gorman working Industries lmve been In great need since the Armistice. Kansas City Bonds Offered. A new issue of $5,200,000 Kansas City, Missouri 4Vi percent bonds, due Julv 1, 1942, was offered today at 104Vi and interest yielding more than 4.15 percent by a syndicate consisting of the National City Company.

Bankers TruBt Company, Kean, Taylor W. A. Harrinian Itoosevelt Son, Hemphill, Noyes all of New York, und Stem Bros, of Kansas City. Peerless Portland Cement Bonds. t'eabody, Houghtellng Co.

offered a new issue of $1,750,000 Peerless Portland Cement Company first mortgage serial 6Vi percent bonds, dated Jan. 2, 1925, maturing an-inialy Jan. 2, 1927, to Jan 2. 1940. These bonds will bo secured, in the opinion of counsel, by a direct first mortgage on all the physical assets of the company, including finished cement plants having an annual productive capacity of 2,000.000 barrels and valued in excess of or more than $2,734 per $1,000 bond.

The samo operating management and staff which has directed the company for the past 20 years, will continue liv charge of the business. The bonds were offered at prices fo yield as follows: 1927, 6.00 percent; 1 percent; 1930. 6.75 percent; 19S1-1940, 7.00 percent. State of Minnesota. Dillon.

Read Co. offered today an Issue Of State of Minnesota 000. 000 4V4 pescent bonds, due Dec. 1, 1939, and $200,000 44 percent bonds, due June 1, 1954. The bonds are legal investment for Savings banks and trust funds In New York, Massachcsetts, Connecticut and other States, and were offered at the following prices; 4Vi percent bonds 100 and accrued Interest to yield about 4.20 percent and 1 percent bonds 108i and accrued interest to yield about 4.25 percent.

City or Hwlipslor. An issue of $4,800,000 City of Rochester N. 4VA percent gold bonds, due 1926-55, were awarded to a banking syndicate headed by Guaranty Company of New York on a bill of 101.6445. To emphusizd how closely It Is necessary to figure in buying municipal bonds, the second bid for these bonds was 101.65, or only 4V4 cents per $1,000 bond below the Guaranty Company's bid, cr a total difference of $216 on tho total siie of $4,800,000. The bonds wero offered at prices to yield from $3.50 to 4 percent, according to maturity.

Associated with the Guaranty Company 20 6 Kan City Sou 5s '50. 88 4 89'4 8)4 29 Kan City Ter 4a '60 844 84.4 Wi 234 99)4 94 894 20 Read CNJ col 4a '51. 95)4 95)4 5 Rem'tonArmaea 88'4 88J4 884 14 RepIr4St4Vis'63 924 924 92.4 7RioG4Wcol4s'40 724 72 72 4 86)4 18StLIrM4S4a'29. 92)4 9254 7StLIM4S4aRG'23. 84.4 84 84)4 7 8tL4SFpr4aA'50.

71)4 71'4 6StL4SF5aB'50 86)4 1 6 64 8StL48F5Vis'42. 4'4 'Wt ii'4 7 St 4 6s '28. 10i)4 102 102 28 StL A SF adj 6s '38 5)4 8f4 85)4 71 StL 4 SF inc '60. 78)4 78i 15StLSWcon4a'32. 6 54 854 83 81'4 83 3 St Un Dep 5s 72.

100)4 1C0J4 1004 11 San A 4 ArP 4a '43 84 34 83)4 4 San Ant Pb 6a '52. 99)4 99 69 6 Seab A en Ba '45. ti 8i .4 854 2 Scab A Lfg 4s 60,4 60'4 60.4 32gabALadi1a'40 76,4 76) 4 18 Sierra SFPos 91 90,4 81 1 106)4 106'4 7 3inclConOil6Vis'38. 84)4 84 84 17 Sinclair Oil 7a '37 90)4 90 904 88 Skelly Oil 'ia '27. .1104 11 94 11 4 Sinclair PL os fc3 8214 8254 16 Sou Bell Tel 5s '41 99' 4.

994 99) 2 Sou Paci6c 4a '29 91)4 4 2 Sou Pac col 4s '49 8s 844 4 Sou Pac rfg 4s '55. 88' 4 8s 14 4 Sou Pac Ter 4a 5 8-1)4 5 5 7SouthRygn4s'56. 7' 70,4 74)4 1 South Ry cn 5a '94. 100)4 100)4 2 South Ry 6 '56. 1' 4' 1 104 4 1 South Ry 6Via '58 1( 8'4 8'4 IC84 2 Sou Ry 4s MAO '38.

34' 84 34 12 SW Bell Tel 5a '54. 9' 65 4 96'4 K94 1 Steel A Tube 7a '51 1064 ltojj 106 22 TennElPow6s'47. 99 994 4 Third Ave adj 5s'60. .9 9 49 163)4 1 Toledo Edia 7s K84 108-, J08i 1 Tol A 0 1st 5s 1004 1004 2 Union Pac 4a 91.4 91)4 814 5 Un Pac fdg 4a 2008 844 844 84'4 2 Union Pac 6a 104 104 1C4 1 Union Tk Car 7a'30. 1044 104' i 104.4 2 United Drug 6a '44 .1004 100' 2 10C 4 16 US Rubber 5s Si 4 85)4 105 ICS 16 USStealaf 5a '63.

lu.14 Hi 91,4 91's 66 Va-CarChem7a'47. 77'4 '7 77'4 7Va-Carwar7'2a'37. 45)4 454 45)4 4 Virginia Ry 5a 955, 8i) 9t)4 5 VaRyAPow5s'34. 94 94 94 4 Wamer 8 fg 7a '39 79' 4 79' 4 79)4 1 Warner 9ug 7a 41.. 90'4 904 16 984 88J-, 9 WestMaryl'd4s'62.

644 64)4 64.4 2 Westiaciflclst'46. 91 91 91 4 Pa Pow 5a A '46 95 95 4 95 4 1 Pa Pow 5s "63 934' 934 934 10 101 101 1 Pa Pow 7s '46. 1064 1064 106)4 10 WestSh4sreg2361. 80 80 80 11 West Un eol 5s '38. 100)4 16 Westingh EI 7s '31 .108 1074 108 1 Wheeling 4s '66 724 72' 4 72' a 6 Wheeling 4 Vis 684 684 68'4 6 Wick Sp St! 7s 77', 77 774 1 WilkfsbAElat'41.

63, 634 634 1 Willys-Over6 Vis'33. 100' 100' 100' Wilson 4 Co 1st '41 4 92)4 924 1 Wilson 7 lis 84 t4 8)4 15'4 96 2 Kayser 4 Co 7s '42 102 102 102 17 Kelly Sp Tire 8s '31. 974 97 t'7 23 35 38)' 110', 1 103'4 103)4 2 Kinney Co 7Vis '36. 1084 1085-4 108 RAILROAD AND INDUSTRIAL BONDS, A lAjax Rubber 8s '46. 96s; 4 Lack Steel 5s 84 8 74 2 LacledeGasSVjs'53.

96 16 6 1 Alb Sus 3 Vis'43 82! 82! 4 82) i 3AmAgChem5s'28. 99 99 99 98'4 98,4 984 1 95,4 95)4 954 14 95)4 95)4 95a 2 Lehigh Val 4a 2003 79s 79 794 10 Amer Chain 6a 97J-4 97)4 87)4 5Leh-Vcn4'ss2003. 88'4 8)4 88)4 5 Am Cot Oil 5s 92 92 92 15 Am Rep Corp 6 '37. 92)4 91s4 92' 6 Lehigh Val 5s 2003 99)4 994 99 101 101 101 101 5 964 514 6.4 10 Am Sugar 6s '47 .1005 4 100 100 20 AmT4Tcol4s'23. 9654 9654 96J 101 95)4 95 4 964 1004 1004 4 Am 4 5Mis '43.

JC2 101H 101 J4 1 Am Writ 6a ct '39. 46 46 46 135 Anaconda 6s '53 100J4 100 100)4 21 Anaconda 7a 1C3. 1(2JS 1(2'4 86), 64 9 Armour Del 5s'43. 2 91J4 6154 3 AT4SF gen 4s '95 884 Sih 11 AT4SFadj4sst'95 824 824 1 A 4 4s 1905 81? 4 8154 1 All 4 Char 5a '44. 1024 1021-4 102)4 1 All List 4s 89'4 894 89'4 86)4 86)4 864 3AtlCLuui41is'04.

914 91 lBalt4 9914 994 6Balt4 0cv4s'33. 8E4 81 J4 7Balt40 100) -j 10t-4 6 Bait 4 05895.. St'j 8t4 3 Bait 4 Ohio 6s '29. .103,4 1C3J4 1C3.4 8 Bait 4 0 fdg 6s '95. 101)4 101)4 101H The following information has been summarized by Mr.

Carl Rabes, Managing Director of August Thyssen-H'utte Gewerkschaft, from hia letter to us: BUSINESS AND SECURITY These bonds will be the joint and several obligations of August Thyssen Iron and Steel Works (August Thyssen-Hutte Gewerkschaft) and Affiliated Mining and Sales Companies. They will be secured by closed mortgage lien on properties valued by H. A. Brassert, American Consulting Engineer, in his report to Messrs. Dillon, Read at $11 7,183,500 (based on German costs) and constituting a complete unit for the production of coal and coke and for the manufacture' of iron and steel from blast furnace operations to finished product.

The mortgage will be subject to underlying liens securing less than $1,250,000 of obligations, and to reparation charges under the Dawes Plan, which, under existing arrangements, are to be met by annual payments estimated at not exceeding $152,000 for the year ending August 31, 1926, increasing to a maximum annual amount estimated at not exceeding $330,000 for the year ending August 31, 1928, and for each year thereafter. The properties to be mortgaged to secure these bonds constitute the principal and most valuable group of the total Thyssen steel and coal holdings, which are the outgrowth of an investment of less than $8,000 in 1871, the assets and business having increased to their present proportions under the ownership and management of the same family through the reinvestment of earnings. Mr. Brassert reports: "The properties of the August Thyssen Iron and Steel Works constitute one of the most modern and best equipped steel plants in the world. I consider the company one of the most efficient steel manufacturers in Europe.

The plant occupies the most favored position in one of the largest steel centres and can assemble its raw materials as cheaply as any of its strongest competitors. It has a good market for its products both in Gemiany and abroad. Competition from German or other plants can therefore be met successfully and profitably. "But few plants in the world are quite so favorably placed in respect to coal. The Thyssen family control coal properties forming a block of 95,000 acres of high-grade coal lands, the largest private holding of its kind in the world.

The Affiliated Mining Companies control, and the bonds are to be secured by mortgage on, exclusive mining rights in the developed portion of these properties, containing at the present rate of mining over one hundred years' supply. The companies' collieries are considered the best equipped deep coal mines in the world. "I estimate it would cost $249,946,500 to replace new in the United States the properties to be mortgaged, and $165,928,500 to replace them new in Germany and that the present sound value based on German costs is $117,183,500." Operations include the mining of coal from the extensive coal reserves adjoining the steel plants, the production of coke, the manufacture of pig iron, steel ingots and a large variety of semi-finished and finished steel products, and the sale of coal, iron and steel products by branch organizations in important German cities and, directly or through dealers, in various other parts of the world. Except during the period of the recent war, no part of production has ever consisted of munitions of war. The companies employ more than 37,000 operatives.

The present annual capacity of the Thyssen harbor on the Rhine, adjoining the works, is equivalent to nearly one-half of the normal annual tonnage of the port of Rotterdam. PRODUCTION AND EARNINGS Because of rapid inflation and extreme fluctuations of German currency during the post-war period, it is practically impos-sibleto state the companies' recent earnings in dollars. Operations are now exclusively on a gold mark basis. Annual net earnings available for bond interest after all charges including reparation payments as at present estimated, taxes and depreciation, are estimated by Mr. Brassert at $6,500,000 on the basis of an annual production of 5,000,000 tons of coal and 1,000,000 tons of finished steel.

The aggregate annual interest charge on total funded debt to be outstanding on issue of these bonds will be less than $900,000. Export sales in the six months ended December 31, 1924 were at the annual rate of approximately $12,000,000, resulting in an amount of foreign exchange at the rate of nearly six times maximum annual interest and sinking fund requirement on these bonds. proceeds of financing The proceeds of these bonds are to be used for additional working capital, the further development of the companies' collieries, and for other improvements. Gold Marks converted at the rate of one Cold Mark equala 23.8 centa. We offer these bonds for delivery when, as end if issued and accepted hy us.

subject to the approval of legal proceedings by our counsel. It is expected that delivery will be made on or about January 20, 1925, in the form of temporary bonds, or interim receipts of Dillon, Read Co. Price 9SVz and Interest. To Yield over 7.35 Further information is contained in our circular which may be had on request. Dillon, Read Co.

The statements herein, based in part upon cable camtm.nication, have been accepted by ua aa accurate but are in no event to be construed as representations by ua. Renilck, Hodges Klilredge 10 Lex 4 East 5a '63. 10414 1044 1044 6 Liggett AMy 7s 117), 1174 117i 1 Long Isl ref 4s 82)4 82)4 82)4 2 Long Isl deb 5s 88 88 88 92 92 82 4 Lou4Nfg4 Vis 2003 925 92,4 9254 3 Lou 4 5a 2003. 102)4 102)4 024 1 LAN rfg 5Vis 2003. 105,4 105J4 105.4 46 Magma Cop 7s '32 19) i 9 9 5 Manati Sug 7s'42.

100)4 100 100)4 63 63 63 16 Market St Ry7a'40. 99' 4 99 99 lMarl'd0war7Vis'31127 127 127 2 Marland Oil 8a '31 106)4 106,4 106' i 4 Marl'd Oil war 8s '31 135 1304 1334 4 Midland 5a '40. 934 93,4 934 39 Mid Steel col 5a '36. 84 874 8'4 6MiIElR4L6s53. 9), 2 MilLS4W ex 5s 100'4 100)4 25 Minn 4 St 7a '27 98.j 984 6MStP4SKM5'ja'40 854 5'4 54 2 Mo 4 5a A '62.

864 86,4 97MoK4Tadj5aA'67. 79'4 184 '84 2 Mo 4 6s '82. .102) 4 102' 4 1024 9 Mo Pac gen 4a 75... 634 6C54 635, 12 Mo Pacific 5s 834 83)4 854 46 Mo Pac rfg 6a '49. 99! 4 25 Mont Power 5a A'43.

984 98 98 16MorriACo4Vi'39. 79)4 79)4 794 1 96 96 96 6 Nash ChAStL 100! 4 90' 4 80' 4 90.4 25 NO TAMcx 5 Vis '64. 98! 4 9': 984 1014 1014 7N 76 76'4 76 16 NYCentfg4'is2013. 90'4 0 62 Cent 5a 2013 99-4 34 406 NY Cent db 6a '35. 11654 1I6J4 2NYChAStLdb4s'31.

924 2.4 924 76 NYChAStL6)ia74. 9')4 934 9)j 2 NY Con Ry 44s'42 90 90 90 113' 4 U3'4 1 NYGELII4P 4a '49. 86)4 86'4 86) 101 101 2NYNH4II3jb'47. 50)4 56' 4 56)4 15 NY NH 4 4s 64 64 64 7NYNHAH4'65. 614 564 i54 5', 6NYNH4Hdb6s'48.

90 8H4 894 146NYNHAHEu7s'2o. 19 184' 19 20 NYNHAU7s'25 fro. 17j 97'4 9 NYOAW 1st 4s '92. 64 6" 68 IN A Put 4s 82' 4 82'4 2NYRilwttyfg4a'42. 45'4 45 4 45'4 16NYRailwayfg4act.

44'4 44 44 UNYRailwailj5a'42. 4 4 4 43 NYSueAWgen5s'40. 62)4 624 I5)i 16 Total Sales today par value. Thursday 15,811,000 Wednesday 16,488,000 itoosevelt Son, Kean, Taylor Co. and Amea, Kiiierlub.

Co. Porto Ulco Bonds Offered. A syndicate consisting of JliUlgar-tuv Blair and Hornblower Weeks, offered a new Issue of $3,000,000 People of l'orto Kico 6 percent public improvement gold bonds duted July 1, 1923, optional July 1, 1943, maturing annually each July 1, 1W0, to July 1, 1905, Inclusive. The Issue ii offered to yield 4.30 percent to optional date and 5 percent thereafter. Offer Atlantic Joint Stock liiiul Hank Wllllum It.

Compton Halsey, iMuiirt und Harris, 3 B40 SW 3 Via '25. 994 99)i 89 1 B40I'LEiW4s'41. 4Bult4 0Tol4a'54. 684 684 684 100j 1 Beth Steel 5 '43. f64 Wi 64 3 Beth Steel 6a A '48.

M.4 M4 b4)4 3 Booth Fish 6s 83 83 8 21BklynEdis5aA'41. 1)4 914 9)4 1 Bklyn Kdis 6s 10414 1044 26 Bkn Man Tr 6a '68. f. 14 14 )4 3 BknQ4Scn5sst'41. 66'i 664 664 4Burtll4P4'(is'57.

88)4 88.4 101)4 101 '4 1 Can North 6 Vja '46. 116 116'4 116' 1 Can North 7s 116 116 116 28CaiiPodcb4aperp. 79 79 10CaroCenlst4s'49 82 82 82 6 Caro CI 4 0 6a MV, lOftJ, 1064 1 Cent Ga con 6a 100 100 100 ICenlGa 6a 1034 5CnitGa5'jsB'59, 99'i 99' 4 994 4 Cent Leather 5s '25. 10014 1004 "1 Cent Steel 8a fUlj 1114 111,4 10 Chi 4 Alton 3a '49. 624 624 624 84 88'4 1 C404sBigSy'44.

85 85 85 4 0 cvt 4 Vja '30 881 i 88 88 46 Ches 4 0 cvt 5s '46. Hi. .4 U7 H7.4 1 Chi 5a Neb '27. 99.4 994 994 40ChiAGrVest4s'59. 60 593i 594 66 4 55 66 4 107 Chi 4 St 4a '25.

8 1 )4 11 Chi 4 St 4s '89 734 73)4 734 36CM4StPdeb4s'34. E6'4 554 6 29 CM4SP cv 4 Via '32, 605, 60 60 17CMiSFf41is2014. C3J4 (3 MJ, Korbes Co. offered new Issue of St, 000, 000 Atluntlc Joint Stock Land IfHlik 5 percent bonds, dated Feb. 1, 1I25.

and due Feb. 1, 1955, optional PUBLIC SERVICE OF N. J. OFFERS PREFERRED STOCK The New York Stock Exchange hns received notice from the Public Service Corporation of New Jersey that holders of 7 snd 8 percent pie-ferred stocks nt the cIohu of business Jnn. 16 will be pfl'eied the right to subscribe at $lft0 a plus accrued dividends for tho 7 percent preferred stock of $11)0 par to the extent of 0110 share for each ten allures held.

The committee rules the stocks shall be quoted ex-rlKhts in Jun. 10. Right to suliscrllio expires March 31. R( KAM AY AVE. ASSOCIATION.

(Snrclflf t.i 7'lie F.nvlr.) Albany, Jnn. A clmrliHr hua twrn lui'd by the Siorlary of HtHle to the Itui-ktnvuy Avenue Young Men's AeKwintlon, Itrookl.vn. Dlrei'torn tm Hul'ln H. Hauniu'r, Smul J. NllvertHiia.

Ilennla Hcllih. Mam. uel Hrennon und louls Slfgltr, tlnuiklyn. CVriTAI, ISlltKANK Flt.K.I. Albnny, 6 The l'onttnii'llon Spt.

clKlttvs Coiniiany, wueenx, haa n.ltci wtih the BeirelHry of Stato un. nouncins that Im capUnl ttna been In-ermd from 116,000 to 160,000. 1935, at a price of 102 Vi and accrued interest, to yield approximately 4.C7 percent to optional date-unit 5 percent thereafter. This bank Is located In Tialelgh, N. and operates In North Carolina, and South Carolina under Federal charter and Government supervision.

Its loans are made inly In selected agricultural sections of these States. tiu'st oitkiuxcj. John J. Roach are offering an Issue of 50,000 shares of common stock, $10 par value, of tho Financial Investing Company of New Vork, at $15 per share..