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

M2 23 THE BROOKLYN DAILY EAGLE, NEW, YORK. WEDNESDAY. JUNE 13, 1928. News of Bankers and Banks MARLIN-ROCKWELL INCREASES EXTRA PENNA. CRUDE OIL PRICES ADVANCED Information for Investors Conducted br P.

M. Bungart. CONFIRMS MERGER IS SOUGHT WITH STUDEBAKER CO. THEYJAY: Speculative Gossip in the Street and Elsewhere John J. Ballweg Elected Trustee of Hamburg Savings.

IT. S. Steel, John J. Ballweg, president of the Novla Candy Company, 41 Wyckoff Mallinson, was elected a trustee of the Ham For those In a liquid position seek Glmbel'a Willys-Overland. Kerosene Also Raised 1i Cent by Sinclair Company.

Pittsburg, June 13 Pennsylvania crude oil has been advanced 25 cents a barrel to $3.05 in Bradford district. The new prices are $3.05 a barrel in Some time ago I purchased the following stocks: U. S. Steel at 147 :4, ing trading turns it would therefore seem that the logical course to pursue would be to pick the better grade securities on a scale down on further weakness. J.

S. Eache by burg Savings Bank at a meeting of the board last night. Mr. Ballweg fills a vacancy created by the death of Henry Doht some months ago. The Hamburg Savings Bank was established In 1905 and now has over 22,000 depositors, with deposits in ex New York transit lines and national transit lines in Bradford district; Mallison at 26, Glmbel's at 55 Vi and Willys-Overland at 27.

Will appreciate any information or advice you may give me on these stocks. Shall I retain or sell any of these now? Sam Smth. The speculative favorites of the past cess of $12,500,000. National Biscuit and Others Make Additional Payments. The Marlin-Rockwell Company declared an extra dividend of 50 cents and the regular quarterly dividend of 50 cents on common, both payable June 22, record June 20.

Previously an extra dividend of 25 cents quarterly was paid. The National Biscuit Company declared an extra dividend of 50 cents on common, payable July 14, record June 29, and the regular quarterly dividend of $1.50, payable Oct. 15, record Sept. 28. The Bank of Pittsburg declared an extra dividend of 3 percent, payable June 15, record June 14.

The National City Bank of New York declared an interim dividend of $1.17 per share while the National City Company declared an interim $2.90 in national transit lines outside of Bradford; $2.90 in southwest Pennsylvania pipe lines and $2.85 In lines of the Eureka, a pipe line company. George C. Unbeschciden, secretary Inquiries concerning InveitmenU la stocks and bonds should be tent to Information tor Investors, Brooklyn Daily Eagle, 305 Washington Brooklyn, All Inquiries must be signed with the name and address of tbxs writer. Names will not be published. All questions will be held In strict confidence, and names will not be divulged to any one.

The Eagle cannot undertake to give advice on speculation or Intended speculative purchase of n-curitlef. Stamped envelopes should accompany requests for replies by mall. Ni charge of any kind la entailed In this service. will probably have to undergo further price revision, but we believe the mar M. U.

A. The present Is no time to sell of the bank, was erroneously reported In lines of the Buckeye Pipe Line stocks. While one cannot say wun ket is nearing a snnrp rany. r. a.

Welsmann of Wade Bros. Co. Company the advance is 30 cents a barrel to $2.65. Tt does seem to us that some kind Keister has been raised 10 cents a barrel to Cabell 10 cents to any degree of certainty that tne reaction has already run its course and lower prices may not be expected, I think you would be Justified in keeping all of your stocks for the present. When conditions become more normal nnri nrices recover you should con of a temporary trading rally should develop following the forced selling $1.45 and Somerset 10 cents a barrel Pierce-Arrow President Declines to Give Details Ers-kine Admits Discussions.

Buffalo, June 13 M. E. Forbes, president of the Pierce Arrow Motor Car Corporation, confirmed reports that the company has been negotiating with officials of the Studebaker Corporation concerning a merger of the two companies. Mr, Forbes declined to give details as to how far negotiations had progressed. Pierce Arrow officials were recently Ui conference with officials of the Zsnian Motor Car Company with relation to a merger of these two properties, but It is understood this proposition is definitely abandoned.

South Bend, June 13 A. R. Erskine, president of the Studebaker Corporation, when asked concerning reports merger negotiations with the Pierce Arrow Motor Car Company were in progress, said: "I have had informal conversations with Mr. Foibes, president of the Pierce Arrow Company on the subject, but nothing definite has developed." Electric Consumption Off to $1.55. which is quite sure to make itself leu early In today's session.

On any fair This is the first advance in Eastern sider selling the Malllnson and the rally we would be inclined to lighten accounts. Frazier Jelke Co. Willvs-Overland. even pernaps at, a grades of crude since Dec. 18, 1927, when increases of 5 to 10 cents a barrel were posted by the South Penn Oil Company.

period, was announced by the ban in connection with the declaration of the regular quarterly dividend at the rate of 4'i percent per annum to be credited July 1. Other Dividends. Trustees of the Hamburg and Bay Ridge Savings Banks also declared regular quarterly dividends at the rate of percent annually at meet ings last night. Savings Bank Conference. Harry P.

GirTord, president of the National Association of Mutual Savings, opened the eighth annual conference of the association at Swamp scott, today, with many Brooklyn savings bankers in attendance. In his address Mr. GirTord, who Is president of the Salem Five-Cent Savings Bank of Salem, discussed the problems facing the institutions and concluded with a plea for conservatism. "In these days of jazz," he said, "when our whole people seem to be speeding up cither upon wheels or wings and the luxuries of yesterday have becolne necessities of today, when millions of people are possessed with the get-rich-qulck idea and the modest but sure Income from a savings bank seems comparatively small, let us not forget the old fable of the hare and the tortoise." Clarence H. Kelsey, chairman of the board of the Title Guarantee and Trust Company, addressed the delegates on "Institutional Mortgage Lending." New Banks Proposed.

Applications have been made with the Comptroller of the Currency for permission to organize two new national banks in the garment district of Manhattan. A. Lefcourt, real estate operator, has applied for permission to organize the Normandie National Bank dividend of $1 which is the equivalent of 50 cents per share of National City After the market has had a break loss. Steel Is sound enough to keep and the prospects of Gimbel would as attending the National Association of Mutual Savings Banks conference at Swampscott, in this column yesterday. David Engel, president of the bank, attended instead of Mr.

Un-beschelden. Peoples National Dividend. Directors of the Peoples National Bank of Brooklyn last night declared an extra dividend of 5 percent, along with the regular quarterly payment of 3 percent on capital stock. The extra is the usual semi-annual declaration. Both dividends are payable July 2 to stock of record June 12.

New Savings Bank Branch. The new branch of the Greenpolnt Savings Bank, at 856 Washington near Eastern which has been under construction for some months, will open next Saturday at 9 a.m. A reception will be held Bank stock. This makes a total in of 20 percent and prices are way undr.r The present price or $3.05 a Barrel terim dividend of $1.67 per share. Both the average of December it is, time to get ready for a very sharp upturn for top grade is 35 cents below the 1927 high of $3.40 a barrel and 40 again Woodworth, Lounsbery Co.

cents above last year's low of $2.65. following a cut of 25 cents a barrel If stocks were bought during yes warrant retaining as a long pun speculation. Canadian Marconi. The writer would appreciate your opinion on Canadian Marconi quoted on the Curb at $6.75. T.

V. S. A. Canadian Marconi is very speculative. During the past two years the company has reported net Income terday's weakness we would hold them.

dividends are payable on July 2, to shareholders of record June 16. London dispatches to Wall Street say the Phoenix Oil Transport Company omitted the final dividend. The Mercurbank, Vienna, Austria, has declared a dividend of 1.20 schillings a share for 1927, payable June 19. Coupons may be cashed at the July 30. In 1928 the high price was $3.90 a barrel, 85 cents above the present price, and the low was $3.15.

The low for this year was $2.80 a barrel, this price Kaving been in effect since things are expected from the beam system of radio transmission which the company uses and it is this pros-pect that is responsible for the very high price at which the stock is selling. Whether future earnings will expand to a level to Justify current values remains to be seen. The company is controlled indirectly by the British Marconi Company, and Radio Corporation of America. It operates under Marconi patents. Without waiting for additional weakness today, we believe people with courage and capital are justified in adding to commitments in sound Issues which have a background of earnings to warrant their purchase.

E. V. Jaeger of Hornblower Weeks, equal to only 1 cent a share. This throughout the day until 9 p.m., Dec. 19 last.

Bradford crude sold as high as $4.50 a barrel in January, Consumption of electrical energy by George E. Klrby, assistant secretary, declared. figure would ustny a price oi bdoui, 10 cents a share for the stock from an investment basis. However, large 1924, ana tne low previous to last year was $2.85, in August, 1924. A new policy, under which deposits In spots we see some scale buying will be credited with Interest from 3 000 large manufacturing plants in the United States in May was 2-10 of 1 percent under the rate for April and 1.3 percent below that for May last year, Electrical World reports.

This is the first time since last Kerosene Advanced. The Sinclair Refining Company has office of Wyser Diner, New York, The International Germanic Company declared an initial dividend of $1.50 on full participating preferred stock, payable July 2, record June 22. This dividend covers the first two quarters of 1928, directors at the March meeting having decided to defer action on ttie dividend until the company had been in active operation at least six months. the first day of each month instead of the first day of each quarterly bv people who seem to think that their favorite stocks are reaching The Day's New Investments advanced kerosene In tank car lots, one-quarter of a cent a gallon, mak lng new prices 8 cents at New York, levels which warrant moderate accumulation, but our advice is the same September that industrial activity, as measured by consumption of electric AUSTIN NICHOLS as it has been for the past week ana we would rather wait until the storm Philadelphia, Portsmouth, Charleston, S. and Tiverton, R.

and 7-i ity, dropped below that of tne same month in the previous year. blows over. Jacques Cohen of Baar, cents at Jacksonville and Tampa, Fla. Cohen Co. SELLS FAME PLANT with a capital of $2,000,000, which will probably be opened In the new 24- There are a few factors pointing to American Shares of City Savings Bank of Budapest, to Yield About 7 Percent, Are Offered.

TO ACT AS TRUSTEE story building Mr. Lefcourt Is erecting Atchison Acquisition Approved The Interstate Commerce Commission has authorized the application of the Atchison Railroad to acquire con on tne site or the old Normandie the making of a rally. Readjustment in many speculative and Investment FOR COMMUNITY TRUST The Farmers Loan and Trust Com Entire Business Now Located Hotel, Broadway and 38th St. The Nelson National Bank, with a A 20.000 American share offering on stocks has been drastic. Distress sen trol of the Clinton and Oklahoma ine has been noticeable.

The Street capital of $1,000,000, also on W. 33th Western Railroad by purchase of the behalf of City Savings Bank Budapest, Hungary, is being made by should see a large reduction in brokers' in Brooklyn. Austin Nichols have completed the sale of the plant of the Fame Canning Company, its veg capital stock, it also autnorizea leas ing of the latter road by the Pan handle and Santa Fe Railroad. win be organized by a group including Allan I. Cole of the Pennsylvania Exchange Bank, If the Comptroller approves.

BUYS 2 UTILITY PLANTS The Midland Utilities Company announces the purchase of the Rochester Gas Fuel Company of Rochester, and the Greencastle Gas and Electric Company of Greencastle, from J. Gordon Martin of La-porte. and associates. MORTGAGE COMPANY ELECTS. The annual meeting of stockholders of the Suburban Owners Corporation of Queens, was held and new officers elected lor the following year are: Charles A.

Berntson, president (Mr. Berntson is vice president of the Queensborough National Bank: of Corona. Oueens County, N. Colvln Co. and George m.

uurr ec Co. at $55 per American share, to vleld about 7 percent, the deposited loans on Thursday. Borne of tne rails have reached levels which appear attractive. The following $10 dividend issues seem reasonably priced Union Pacific, Atchison, Chesapeake and pany and the Guaranty Trust Company of New York have become trustees of the New York Community Trust. The directorates of both companies have adopted resolutions agreeing to hold custody of funds constituting a part of the community trust and the trustees committee of etable canning subsidiary, to a syndi HAYES BODY CONTRACT outstanding.

The management expects that the same rate of earnings at least should be shown on the new capital. Italian Utility Loan. A loan of $4,000,000 for the Piedmont Hydro-Electric Company of Italy Is offered today by Blair and Chase Securities Corporation in the form of participation certificates of the Chase National Bank in one-year 5V4 percent first mortgage gold notes, priced at 99 and interest, to yield about 5 percent, Big German Offering Soon. Ohio. orris Bros.

(Jo. shares carrying lull dividend for the year 1928. As an American share of DIVIDEND NOTICE. cate composed of W. B.

Stokely Jr. of Newport, Reynolds Co. of Louisville and C. D. Barney Co.

of We are convinced that a rally is due. The Hayes Body Corporation, Grand Rapids, has contracted to supply automobile bodies for the Marmon Motor Car Company. Deliveries on Chrysler models will begin the end and while there may be some distress the trust has ratified the addition of the two companies to the list of membership institutions. New York. The buyers have indicated selling Wednesday morning as a result William C.

Potter of the Guarantee fering for a Hungarian mawmuuu this financing Is unusual. The City Savings Bank was established In 1892 in order to supply the facilities of a savings bank the nrinclnal residen ox margin cans, we cioudi tnat a oear- of this month. ish attitude should be taken. Prince Bernhard Schwab, Alderman of New Whltely. becomes a member of the trustee committee, with Merle P.

Oallaway acting as his alternate. James H. Perkins of the Farmers will represent WWW An Interesting new type of foreign York City, vice president; Jere F. Ryan, Assemblyman of Bayside, N. Although a lower opening Is looked tial and financial district in Budapest, BROOKLYN STOCKS Quoted by Hanson Hanion, 29 Broadway BANKS AND TRUST COMPANIES.

Dividend. Bid. Asked, Atlantic Stat 290 310 Bay Parkway National. 190 for, believe better type Issues are near terasurer, andwllliam r. uowe, at their intention to continue to operate the plant as an independent cannery and continue the same brands.

Austin Nichols it is new solely engaged in the manufacture and importation of their own products and the wholesale distribution of them. Its entire business is confined to the main plant on the Brooklyn waterfront. FORD OUTPUT INCREASING his company on the committee and William A. Duncan will serve as his levels to attract good Buying ana iook torney at Flushing, Queens county, New York, secretary. financing will be effected shortly by Harris, Forbes Co.

In the form of an issue of $5,000,000 6 percent sinking fund gold debentures, with stock purchase warrants, of one of the for steadier tone to market. Lam alternate. born, Hutchings Sc Co. and it now aoes a genemi business both national and interra- tl0The bank's holdings of bills receivable, which can be rediscounted Immediately, are equal to its total deposits, making possible the liquidation of its entire assets within 24 OPEN LONG ISLAND BRANCH, 240 137S 330 U. S.

STEEL OUTPUT DOWN We are entering the tenth day with Opening of a branch office at Southampton, L. is announced by Bedford National 219 "Brooklyn Trust '24 1300 Bushwlclc 280 Clttnn 129 Dewey 240 the various standard Industrial aver Ingot production of the United A Mortgage Institution 3rd Semi-Annual Dividend The Board of Directors of the Flit, bush Investing Corporation has declared its Third Semi-Annual Dividend at the rate of six and one-half per cent per annum on the Preferred Stock outaUnd. ing to stockholders of record oa June I S. 1021. payable June SO, 1928.

Checks will be mailed. CHARLES O. IRELAND, Treasurer. leading management companies in Germany, having extensive holdings in electric power and light companies and industrial properties in Germany, Belgium, France, Turkey, Por Auerbach, Pollak Richardn members of the New York Stock Ex ages showing losses from recent highs of 20 to 25 points, thereby touching the resistance levels existing In the 179 109 990 change, who also announced the opening of three branch offices in latter part of 1927. All this Indicates that a technical rally must be near at tugal, Hungary, Rumania, Jugo States Steel Corporation at present is below 79 percent, comparing with 82 'A percent in the preceding week, a decrease of nearly 4 percent.

Independent steel units are at 73 percent, against 76 percent in the preceding weeks. All Independents have curtailed recently, Bethlehem Steel, Massachusetts, one in Nantucket, an slavia, Czechoslovakia, Poland, South hana. Jackson Boesei sc co. Dispatch states that the plant of the Ford Motor Company at Chester, has been turning out new model cars at the rate of 550 a week for the last four weeks. This makes an average of 110 cars a day, the plant operating only five days a week, eight hours a day.

Officials of the company stated weekly output will be Increased shortly. other in Edgartown and the third in Vineyard Haven. The firm nas Eraimui First Brooklyn 10 Flatbush National Flushing Olobo Exchange 6 Olendala Oranlte Guardian National 4 Kings County 'SO Jamaica National 4 939 310 370 323 310 279 249 3000 390 The nurglng which the market has equipped each office with direct pri vate wires to the New York office. received will undoubtedly be beneficial America and Spam, oesfuerei, as the company Is commonly known, is an abbreviation for the full title, which when translated means "Corporation for Electrical Enterprises." The nresent value of Gesfuerel's in hours, it is said. Provision Is made for the conversion of the American shares Into Hungarian shares within six months at the holder's option.

Each American share represents four Hungarian shares, now quoted at a total equivalent to $56.70. Bela Alapi, manager of the bank, is regarded as one of the foremost bankers in Europe. It Is recallc 1 that during the Communist revolution lie was Jailed by the revolutionists and then voluntarily released on account of his ability. Since the establishment of the the end, but temporarily at least nothing can be expected but sharp which had been running at arouna 80 percent, being credited with 76 percent at present. Bankruptcy Petitions 3rd Quarterly Dividend The Board of Directors of die Flat, bush Invmtinir Corporation has declared its Third Quarterly Dividend at the rate of aix per cent per annum on the Com-mon Stock outstanding to slockholdera of record on June IS, 1928, payable June JO, 1928.

Checlu will be mailed. CHARLES O. IRELAND, Treasurer. rallies wnen tne snort interest oe MORRIS LAZARUS, dry goods. SSI 8.

3d comes overextended. There will have vestment holdings, together with the proceeds from current financing, voluntary. Liabilities, asseta, $100. CHARLES EPSTEIN, baker, 10 Vanderbllt to be considerable readjustment be fore stocks can be purchased confl amounts to over or more John H. Kehrer has retired from the board of directors of the Willow Brook Dairy and Frederick S.

Robinson of Parker. Robinson tt baa been elected to the board of directors. than six times the entire debt of the Lafayett 239 Long Island of Astoria 200 Manufacturers Trust, n. 220 Mechanics Bank, $90 pat 18 400 Mechanics tts 58 Mldwood Trust dently for a substantial advance. F.

270 3200 360 230 430 09 400 800 900 310 voluntary. Liabilities, assets, $5,189. company, including this Issue. SHOE TRADE IMPROVES "There is a trifle better undertone noted In the shoe market, with some factors reporting slight Increase in the volume of business booked during B. Keech Sc Co.

by Douglas Sheridan MAY INDUSTRIAL STOCKS the past few weeks," says the Shoe bank it has paid dividends to its stockholders every year. For 1025, the first full year that the currency was stabilized, a dividend of 8 percent was paid, while 9.6 percent was nid for 1926. and for 1927 the rate and Leather Reporter. "New models ADVANCE 3.42 POINTS SSO 480 850 190 389 210 Municipal 10 Nassau National 12 Peoples National 12 Prospect Qussnsboro National i Rldgewood The average price of 113 stocks rep resenting 13 industrial groups ad was increased to It percent. The shares of the bank are currently Rugby 219 Richmond Hill I HI vanced 3.42 points during the month of May, according to the index of 411 179 310 are being prepared lor tne btyie Show, meanwhile salesmen are pushing hard for business which will allow resumption of production on a more satisfactory and profitable scale." STEEL SCRAP REDUCED New York dealers in Iron and steel scrap have reduced their buying prices 50 cents a ton on many grades.

quoted on the London, Budapest and Vienna Exchanges at approximately 160 nercent of nar value. For 1927 security prices compiled by the New ISO 290 189 Springfield Card. Nat'l. Traders Unity State York Trust Company. Stock of 10 New York bank and net profits after taxes and all other charges amounted to over 15 percent on the capitalization of $1,049,400 then 20,000 American Shares City Savings Bank Budapest, Hungary (Innerstaedtische Sparcassa Aktiengesellschatt) Representing 10,000 full-paid and NON-ASSESSABLE shares of sloclt ot the par value of 50 Hungarian Fengoe earh of City Savings Bank of Budapest, to be deposited with the Agent in Budapest of The National City Bank of New ork, as Depositary, under the Deposit Agreement dated as of June 16, 192S.

Such shares represent an Increase in the capital stock of the Bank. Registered Certificates, transferable in New York City, exchangeable after December 2.5, 1928, for deposited aharea of stock of the Rank at the option of the registered owner. Dividends on American Shares payable in or about March of each year, covering the preceding year, in United States dollars. THE NATIONAL CITY BANK OF NEW YORK, Depositary end 7riftr gewl. UNITED STATES MORTGAGE tt TRUST COMPANY, flegiiirer.

GELDINSTITUTSZENTRALE, of Budip.it, Hungary, Huntmtn Attn! of ihi Dtpoiiitry. Tin Deposit Agreement will, in substance, provide that cash dividends received by the Depositary upon deposited shares shall be converted Into United States dollars and the proceeds (less nominal charges and expenses) be paid by the Depositary to registered holders of American Shares: that upon payment of charges and expenses of the Depositary arid the surrender thereof properly endorsed, American Shares will be exchangeable for the deposited shares represented thereby after December 25, 1928, PUBLIC NOTICE. Woodsld 300 TITUS AND INSURANCE COMPANIES. American Tltls Guaranty 119 130 Brooklyn Fire Insurance 113 118 Brooklyn National Life. 290 270 Empire Insurance 2S 30 Empire Title it Ouar 199 310 1st Fort.

Ouar, L. I. 0. Oft 129 Guaranteed Title Mort 139 110 Home Title 12 320 140 Long Island Title Co. 10 190 COMMISSIONER OF JURORS FOR THE trust companies showed the greatest Increase, with a rise of nearly 36 points during the month, making a total increase of 204 points during the year.

Stock of five shipping companies increased 8.45 points, of nine motor companies, 6.63 points, and of 10 copper companies 4.64 points. The average increase in the list since Dec. 31, 1927, was slightly over 19 points. In the list of 66 bonds there was a slight decline of 0.73 point during the month of May and of 0.75 point American Exchange, IrvingTrust Company OFFICES IN BROOKLYN 3 50 Fulton Street Flatbush Ave. at Linden Blvd.

New Utrecht Avenue at 5 3rd Street COUNTY OF KINOS. 407 MUNICIPAL BUILDINO, BROOKLYN, NEW YORK CITY, N. Y. Notice la hereby given that the list of Trial Jurors lor 1928-1929 Is ready at my office for examination and correction. Dated, Brooklyn.

N. Juna 3, 1928. THOMAS J. DRENNAN, Commissioner of Jurors for the County of Kings. Marshall Mort 331, 13 National Title 6 210 230 Prudence pf 1 10314 IQStt MISCELLANEOUS.

since the beginning of the year. The bonds of 10 public utility companies declined 1 point and five Liberty and Treasury bonds declined by nearly the Anaonla Clock BohacK (H. C), new. PROPOSALS. PROPOSALS.

II 70 110 11 32.90 same amount. City Fuel and Ice Capital Do pf Bkln. Academy of Musi) Bkln. Warehouse Stor. Coney I.

Bkln. R. Eagle Warehouse 4 Stor. Falcon Sec. com Financial It Do pf Increase Is Approved NOTICE TO CONTRACTORS STATE DEPARTMENT OF PUBLIC WORKS, DIVISION Of HIGHWAYS, ALBANY, V.

Panwast to Chaster 10, Lam of 1909, Chaptar Laws of 192, and Chapter )4t, tan of 1920, and anuodmtnts thereto, sealed proposals will ba received by the underlined at lute Public works BuUdloa, iS) Broadway, Albany, until 1' o'clock p. advanced Standard Time, which it If o'clock noon, Eastern Standard Time on June 2, 1921, for the conjunction of the following highways: Maps, plans, specifications and eatimatea may be teen and proposal forms obtained at the office 01 the Division of Highways in Albany, and at the office of the followine District Engineer: 30 69 106 8 90 70 129 30 110 109 101 403 117 119 14 S3 City Ice and Fuel Company stock' 119 3 7 101 Mi holders have approved the increase in capital which includes authorizing 103 119 of $35,000,000 of evi percent preferred stock to be used in the pur Approx. Mil frjff" County Nam, of Highway Type gr)T District Engineer, J. S. filiby, leant Valley Kotd, Fougakeepiie, K.

Goebel li bonds) Great A. 4c P. Tea 3 Do pf. 7' Intertype 1st pf 8 James Butler Do pf "8 chase of additional companies and raising of no par common to 3,000,000, from 1,000,000 snares. Conduit Boulevtrd, Ptrti 1 I i M.M.

Tyj (Pen.Mie 96 1.0) 153,000 SpecUl atUatioa of bitidirt tt called to "General Informatkm for Biddtra" in th propoul. 13 8 8 fpectocAtioos and contract agreement. Propoul for eaco highway or contract must be tubmmed Long Island Light Do 6ft pf Mergenthaler Miller, Shoe, pf 290 107(4 100 103 10S HOME TITLE DIVIDEND Directors of the Home Title Insur ance Company have declared the reg In a separata aaaled nrelopawiut um nam and numbar of the highway plainly endoned on theout- itda of tbt emtop. Bach propoaal nun oa accompanied Dy caan, draft or certified cbeci, navahk in tha nf tka New York Suta Denartmtnt of Public Worka. Division of Hlibwtyi, lor a tnv of at laaat ova per centum and not mora tnan in per centum ot tne eat i mate accom 71 $3.79 9 8 ular quarterly dividend of 3 percent on capital stock, payable June 30 to Municipal Finance National Licorice Do pf stock or record June 23.

87 76 84 99 89 98 07 62 83 88 80 90 103 101 panying the plans and ipecfftcatiooi. and at specified ia the advertisement for proposals and the proposal itself. The retention and dffpoeal of such cash, draft or check by the State Division of Hhweya shall conform with Subdlvlaion 3, Section 130 of the Highway Law, amended. Tht ucosatful bidder wilt be required to execuU the contmct and comply in all resoecta with Sec Ike im the Highway Law, aa amended. The right is reserved to reject any or all bids.

A. W. BRANDT, Comuisaiooer of CORPORATION NOTICES. SEALED BIDS WILL BE RECEIVED BY the Commissioner of Purchase o( The City 13', 16 New York Dock Do pf Realty Associates 1st pf. 8 Do 2d pf 8 Rlgney cum.

pf 1 Robert Oalr Squibb IE. 8 De pf I ft Union Ferry i-dildend. 'And extras. oi New Yors, at ms oince, Koom isuo, Municipal Building, Manhattan, from 9 a.m. FOR kings county 13 70 II 10 18 tEx-rlihta.

to a.m., on MONDAY, JUNE 25. lOIS, noROrim OF BROOKLYN, and additional American Shares be issued therefor. For further information to the rights of the holders of American Shares, and as to the chsrges and fees on trans, fen or exchanges of Certificates for American Shares, exchange thereof for deposited shares, deposit of additional shares, collection and payment of dividends, voting rights, reference is hereby made to the Deposit Agreement. Iff. Bela Alapi, Managing Director oj the City Savings Bank Budapest, summarises as follows his letter regarding tht business ef the Bank in connection with the issuance of American Shares: History and Business: The City Savings Bank was established in 1892, in order to supply the facili-tics of a savings bank to Innerstadt, the principal residential and financial district in Budapest, and it now does a general banking business both national and international.

It is now one of only twelve banking institutions issuing their own bonds against first mortgages on income producing residential, agricultural and other property in Hungary. It also issues its own bonds secured by the obligations of Hungarian municipalities. Prior to the War, the mortgage bonds of this institution were listed on the Budapest, Vienna, Brussels and Amsterdam stock exchanges and sold on approximately a 4.75 basis. Capitalization i At its inception the City Savings Bank had a share capital of 2,000,000 Austrian Hungarian Kronen (or $405,200 at the then par of exchange). The Bank gradually expanded its business along conservative lines, its capital being increased until in 1911, it stood at Kr.

16,000,000 After the revaluation of the currency its capital was fixed at Pengoc 3,000,000 ($524,700) with a reserve of Pengoe 1,000,000 On December 23, 1926, the capital was increased to Pengoe 6,000,000 and at a meeting of the stockholders on June 2, 1928, the capital stock was still further increased by 120,000 shares, bringing the total authorized capital to Pengoe 12,000,000 consisting of 240,000 shares of the par value of 50 Pengoe each. It is proposed that of the new 120,000 shares, 40,000 shares will be offered to existing stockholders and the remaining 80,000 shares constitute the stock presently offered. This distribution has been arranged by the Bank in order to provide a world-wide market for its stock which is already listed on the London, Budapest and Vienna stock exchanges. This increase of its capital stock will result in a further substantial increase in its reserves. Dividends: It noteworthy that since the establishment of this Bank in 182, it has paid dividends to its stock-holders for every year.

From 1893 until the war-year of 1914, dividends increased from a rate of 5 in 1893 to a rate of 7.2 in 1913. In no one of these years was the rate ever reduced. For 1925, the first full year after the currency was stabilized, a dividend of 8 was paid, while 9.6 was paid for 1926, and for 1927, the rate was increased to 11. Market: The shares of this Bank were quoted in 1913, when paying a dividend of 7.2, at around 140, and are currently quoted on the London, Budapest and Vienna exchanges at approximately 160 of par value. Financial: For the year ended December 31, 1927, net profits of the Bank, after taxes and all other charges, amounted to over 15 on the capitalization of Pengoe 6,000,000 ($1,049,400) then outstanding.

In the opinion of the management of the Bank, at least the same rate of earnings should be shown on the new capital. The doubling of the Share Capital in 1926, has had a remarkable effect on the profits, inasmuch as the Net Profit for 1927, which amounted to Pengoe 945,378 ($165,300) was over 2J4 times the Net Profit for 1926, and almost trebled that for the year 1925, Hungary: Hungary has an area of approximately 35,900 square miles, which is about the size of the State of Indiana. Of this area about 60 per cent is cultivated land and about 23 per cent forest and pasture. Its population is approximately 8,000,000, of which over 4,000,000 are engaged in agriculture. Hungary is the most fertile agricultural area of Central Europe, producing wheat, corn, rye, flour, sugar, etc.

Cattle and hog breeding is also an important activity. For generations Hungary has been known as the granary of Central Europe. The commerce of Transylvania, Croatia and Slavonia, which were ceded to neighboring states by the Treaty of June 4, 1920, is still largely financed in Budapest. Hungary is now one of the European countries with a balanced budget, with receipts in excess of expenditures. All conversions to United Stales dollars roads at the.

rata ol 1.1749 pel Pingo which la par of eichanga. Price $55 per American Share to Yield about 7 (Deposited shares carry full dividend for year 1928) Wl olfer (f! Amrritm Starej, tnd if iimrd nod rerthri hy mi sublet to ampttlltM el tkt purckm the shartl ami subitcl tt apfirtxHl elf IttM erci etfiitfj Ay oar counset, Mttps. Hortiinrr. NUltr eV Garrison, Aw l'ir Ctr, and Dr. hstl Pap.

fltttinpnl. It is expectrd that deltvry its temporwy or Jr inline Icm wilt is mails on or ebont Itne Hit, it tht efict ol CefMn or SS Wit Strttl, New Yore Cuy, tiamt paymint Heritor im New York Imrlt. FOR FURNISHING AND DELIVERING DRY OOODS, NOTIONS AND CLOTHING TO THE DEPARTMENT OF PUBLIC WELFARE. The time (or the performance of contracts Is for the period ending September 30, 1928. No bid shall be considered unless It Is accompanied bv a deDosit.

Such deposit MEETINGS. TO THE STOCKHOLDERS OF THE EAGLE WAREHOUSE AND STORAGE shall be In an amount not less than one and one-half percent of the total amount of the bid. The nmount of security required is thirty percent of the contract PERMANENT MORTGAGES NO FEES Disbursements Only FIVE YEARS HALLER0N FUNDING CORPORATION Loan Correspondent The Equitable Life Assurance Society of the U. S. 130 Clinton Brooklyn, N.

Y. Tel. 2100 Main IH0CI.1UB oi mi Directors of the Eagle Warehouse and Stor. age Company held Tuesday, June 12th, 102b the amount nwnraen. The bidder will state the nrlce ner unit, RESOLVED, That a quarterly dividend 1 l.L''.U lift sin avira A nr.

i clared to all stockholders of record on June as called for In the schedules of quantities and prices, by which the bids will be tested. The extensions must be made and footed up, as the bids will be read from the total, and awards. If made, made to the lowest bidder on each Item or class, as stated In the schedules. Specifications referred to In the schedules ou, yajruuiB wuiy la, mia, ana oe RESOLVED, That tht booki of the Oom- July j-fnijr iiuoa wuiid oin, iuo, pna reopen i may oe naa upon application at Room mul Municipal Bllllrilnff. Mnnhittnn HERBERT F.

GUNNISON. Secretary and Treasurer Blank forms and further Information mav be obtained at the office of the Department oi rurcn.w, imn uoor, Municipal uuna. LEGAL NOTICES. mi, winiiBiiin. PETER J.

DOOLINO. Commissioner. Order of Notice. No. 28297.

IBTInilruclloni to bidden, next to last gate. JANE HONE MALIN OF NEW YORK CITY 10-3481 Jel3-10t against Benjamin Sturges of Brooklyn, New xorK )i living ana 11 aocaasea nn nein, First Mortgage Loans to Home Owners SECTIONS OF KINGS AND QUEENS COUNTIES NATIONAL LICORICE COMPANY. CONSECUTIVE PREFERRED DIVIDEND NO 104. representatives, creators ana winow. State of Connecticut, Fairfield County, Vin.rtn Pnlirl UrUnnnni.) toils HlU The regular Quarterly dividend of iui on the preferred stock of this Company has this day been declared, payable on June 30th.

to all preferred stockholders of record at the close of business June 1938. DANIEL D. SANFORD, Treasurer, June lath, 192R. WfJrt iui wwut os. iuhvuui una mil, D.

1928. Upon the complaint of the said Jane Hone Malln praying, for reasons therein set forth, for a judgment quieting title ana tlcctnrlnft a certain mortgage recorded Wen ton. Connecticut Land Records. Vol. 27, page 74, Invalid as ft lien against the premlspa described therein now penrllnir before Uiia Court, having been returned thereto on the first Tuesday of June, M2B.

It appearing to and being found by this Court that. Benjamin Sturges the said defendant Ik absent from this Stat and gone AT 5 Vz NATIONAL l.lrOKM COMPANY. COMMON DIVIDEND NO. S3. The regular seml-annuul dividend ot Sf, fn the common stock ol this Company has thl day been declared, pnyahle July 11th, lflaf.

to all common stockholders record at the olose of Business June 15th. DANIEL, B. SANFORD, Treasurer. June 12th, 1038. to parts unitnown ana tnat notice oi ine ptnuencv oi tne compiain.

was given us tw order of notice heretofore bunnd And now the plaintiff auks for ft further nrdpr of notice in the nremlsu. MODERATE CHARGES NO RENEWAL FEES The Williamsburgh Savings Bank TentrBl Office, Atlantic Klatbush L. 1. R. R.

Terminal Williamsburgh Office: Broadway and Drijrgs Ave, Brooklyn CTT OPEN MONDAYS UNTIL 7 I M. COLVIN CO. George H. Burr Co. Tisrcforn orderod, that notice of the pnrinrv of said complaint be given by publishing this order The Brooklyn Dally fcaRin, a newspaper printed in Brooklyn, New Tork twice successively commencing June 12, Fv the Cnurt.

HENRY F. LYONI, Assistant Clrk of lh Superior Court for County, Jcia-13 MECHANICS BANK nSTII CONSECUTIVE DIVIDEND. Brooklyn, N. June 5lh, 1928. The Board of Directors hns this day declared rcsular quarterly dividend of' four per cent pnvnble Julv and, 1028, to shareholders of record as or June lsth, 1028.

W. O. DONNi Cashier. The Information contained herein Is derived from official and other smrcaa which we believe to be reliable but do not guarantee,.