The evening world. Newspaper, August 7, 1922, Page 13

THE EVENING WORLD, MONDAY, AUGUST 7, 1929," ; '_ 99 Open. 5 } OTHER SPORTS REAL WAGES STILL Union Pan. et OFFER GIMBEL STOCK : United Alloy BtOel 37% : Volted Drug vc. AM FOR PUBLIC BUYING / - pane Prult 6. 1TH MOTH 14TH 14TH - nema inited My Invest 19% 18 A rr ABOVE OLD LEVEL orm to fe Dram & Open, High. Law, Lam, Coes, Mdm, tae, Lan (UOC RY Inve et aK ht te ew 7 Per Cerk. Preferred to ta wim 70 0 ‘am Players pf.. 04% 04% OOM) Nat En & Sta. 5m 36 ui ow ‘ ance Rumely., 18% 10° 18% +30 | Fed Min @ Gmt pt 66, 04% B48 OSM IN Y Ale Brake eae le bed " br A Be Spid To-day ‘Alr Reduction... 54 54 88% SOG] Meher Body .... 110% 111 110% 111 |N ¥ Central ou | U H% 6% 08% fd $102 Ajax Rubber te 11% 11% 11% | Fiek Rubber 12% 19% 124 any | U 87% 58% ‘ Allied Chemieat.., 78 78% 15 194 | Freeport Texas .. 214 914 21 20% [US Rubber pf. Goldman, ffachs & Co, and Leh- Allied Chem pf... 108% 108% 108 108% [General Aaphait.. 70 1% 70 Ne Wt FU S meee........ man Brothers wi! Allis Chalmers... 58% 33% 85% | General Motors. iii 18% 19% North Amer . 19% | U B Ble! pt i offer to-day for Am Ag aus 8 Bt BT pi Gen Mot a Mm MH 1h 81H [eprad vd ot... 44% | Utan Copper public subscyiption $12,000,000 of T Am Ag Chem pf. O51 631% 3% | Goodrich 31% «31% 88 pry forth Pac ...... 70% 80% 8% 80% | Utan Securit Der cent. ewnulative preferred stock g}Am Bank Note... 68 68 Gooérien pf. ... 5 a3 89% | Nunnaity Co o o 0% = ON | Vanadium fy ¥ . Industrial Conference Reports} 17) pi ’xovw ot. $e Granby Mining's, 20% 2004 S04 DOM LOMA Rettuing 5 38 36 SN [Ve Care Onen. ary irq ay | AMM 66.000 dhhares of common stock of _ et Earnings 41 Per Cent Over [Am Bett Sugar... 47% Gray & Davie... 189% 16 16% 14 JOrpheum Cir 19% 10% 19% 10% | Vivaudou Ine . 11 n 114 12 | th® new Gignbet Brothers Corporation 4 Am Brake Shoé.. 65 Gt Northern pf. % 85% fs fae 1851860185 :133 | Wabash AOR... 1 18% 13 13. | which has { sen organized to take over i q Am Can oa Ot No Ore ota 40 [Otis Bee! 11 10% Wabash RR pf. Hagen Puts Up a Brilliant Battle, but His Australian Team Those of 1914, ae Renae ae Mela Wasek rc 13% | Owene Rettiin wu 96 er ii the Bugiize ge of Gimbsl Brothers stores mate Is Off His Game and New National Champion’s Side Am Hide @L pt. 10 Hudson Motors .. ig ba 10% 10% in New York, Philadephia and Mil- The National Industrial Conference }4™ I+ 113% Mendes ... coe 99 Py 32 295 eitio My ewitiies. Triumphs 3 Up and 2 to Play.. . hensive |A™ Ie ot. cry Myérauiic Stet. 9% 94 0% 94 | Permam Pet 4% Th Th gL ECE th 21 ee joard reports that a compre! ine ve Am Int Corp 30M Int Gt Ne w t.. 29% Panam Per wu os Se West Pac ‘The CAmbel family interests which estigation covering Over 1,000,000 | Am Locomotive .. 110% Iiltnote Cent ..., ae 4 +4 ‘West Pac pf.. ‘rave bepn dominant in the affaira of Walter Magen and Joe Kirkwood went render @ little service to his team on Am Raglator 104 Indiahoma Retin. ™% 1K eee eee eee sei everneciers| the. tenth, when he Grove. the green | Weee earners ia twenty-ets tndusthies | Ar, ship & Com, 18% 18K 18% 18H TInt Comb Bag... Same ame 81h the orjantzation since ite founding Billenore tinis Yeatarday tn o,apectal $+) RNUG 1 tha others. wont Galey hunting | NCWE EBAE OA THR. Os TA Te Ae Ae a Se a tae lian oon eae: ie oe oe we aa epatins te Seeeret ane wil} <i: i y “Tin i Am Sm & Ret p it . et fale exnibition maton etn Gene Bata: | tagter pecan, MEvIne gattan GB the /Age QctUal ROUHY GArAINES WEN IT elie oir. Inter Oona Corp Gy ae ay aule aL BN AN My Seles fhe active management of the Ben and Torhiny Armour, 3 up and 2 tol gufer from some temporary fault of via- | P@? Cent. and average actual weekly} 4, sisel Found inten. Marvesters, 10% 108108 10%) review Steet 1 108 8 Fi corpewation. lay. The match was one of the Most} ion and needed § putts to sink his ball.| earnings 80 per cent. above July,|Am Sugar ....... Int Mer Mar pf.. oy 04% | Pleres On . ™% 7% Th TM) overtand Corp 8. Tl few ‘corporation will have itteny-fought golfing exhibitions ever} ane others got on with their second] 1914, Hour! ings fell 224 per]A™ Sumatra. Inter Nickel ..... 17% 17% 37H 17% [Pittabarem Coal. Ab OB HH BENT wrostworth Co ...:108 108 182 | toy | SUNrised Capital of $18,000,000 of ween in the metropolitan district. With] shots and took 2 putts for a halved . ‘ourly earnings : Am Sumatra pt. Inter Paper a 4 | Ritts & W Ve... 41m 41% 0% MOK it Aare... % 9% 8 9 | #0 par value preferred stock, of Magen fighting » brilliant and solitary} hole, Tt is an amazing sight inclden-|cent. and weekly earnings 26 per} Am Tei @ Tel... 1 Invinelbte Oit 12% 19% 194] Pend Creek 01. 10m fom 100) Meee! aireene $12,000,000 18 being offered at Dattle against the combined wizardry of} tally to see Kirkwood perform his mar-| gent. from the peak in 1920 to the Island O11 % COM | Postum Cereal. 7) 8988 OAT 9102 @ share and accrued Armour and Sarazen, Kirkwood had an} vejjou® trick shots in front of the club ed Jo 45-4545 | Postum Cereal pr 100 = 100% 100 100% aaa: Waeaniie Tina di-gidentt; and an authorized off day and rarely offered his partner! house and then give a putting exhibt-] Déginning of 1922, Total employ- 1X 46% 46%) 464 | Pred & Refin ... sty 374) 87% )«-37% | INFLATED TUBE SAVES. 5,000 8 rd issue of &ny feal help, but even with no assist- tion wuch as he gave on that tenth} ment fell 6.8 per cent. from June, Kan 26% «26% «26% | Pub Serv of Ny 0% 80% «80 8 “ hares of no par value com- f@nce from the Australian trick-shot! green, Am Kan City So pf... 8TH «87H TK | Pullman Co .... 190% 190% 120% 1204 DROWNING SWIMMER , Of Which 50,000 shares are being Wizard Hagen almost snatchéd victory] ” armour increased the Saraaen-Armour| 1020, Up to Jaa, 1, 1022. Real weekly} Anaconda Kansas & Quit... 4 “4 M4. Punta Aleg @uger 53 88% (888% fered at $44 a share. The purchaser |. trom the hands of his skilful opponents. | ieaq at tho twelfth hole, when he got a] wages are shown ty be 11 pér cent.] Al! Am Canies Kelly-Bpringtiel@ 43% 43% 42M 2M Pure Oil... 20° 201% 20 © 20%] Demperate, Me Clatches Floating| Sf ten shares of the new preferred is In the morning round Haren turned] pirate’ 4. With two powerful shots ¢ 199 than be All Amer Metal. Kennecott 36 96 I Pigely Wieely . a 42% 48 Ring and Loses Consciousness. titled under the terms of the offer- $n a 67, but even that sparkling effort] that carried to the edge of the ereen, higher at the close ©: Tain Arbor pf. Keystone Tire hep Caneel. peer ie Ing to purehase four shares of the hed not go04 AC) nee es Mi a fine approach and @ well-hit putt,| fore the war, despite extensive wage ied ied Goods isis ay Reating 0% 76 70% Good aim, am inflated rubber tube / new common stock. wen-Armour avalanche. ping | py, tried hard to halve this hole, but ano . Laciedé Gai hemi i tach other in the tient places, Sarazen| MeCbid for a “birdie” 4 rimmed tne) recuctions and curtaliment of PIRAE) Aniann Lee Rubber. [sroepee ited mesos Ld bos Lo tan dha aint lie GA Lid cota and Armour managed to get in a Dest} edge of the cup and refused to go down, | operation due to industrial depression. JA) Birm @ Atl. Lehigh Valley Repud 14 7% 71% played important parte in the rescue poate corporation that on or ‘Dall of 68 and to make the turn for the! Hagen adopted desperate means of the] ‘The report, in part, follows Atl Coast Line: Ligaett & Myers . Rey Tob pth 1” ine. 49" [of John Williams of Hackettstown, NJ Aug. 1, 1927, and annually final 18 holes 1 up. Joe Kirkwood might | thirteenth, when he holed one from off] * , id Atl Rof pf Lima Locomotive, Repub Mote: 1% 8 al P thereafter the corporation shall, out dust as well have left his clubs in the} the green on @ chip shot for a “birdie | “In December, 1921, the average |paig tocomotive.. Loen’a_ Ine con fe i 48 3 [3+ from drowning tn Green Pond sea-| of its surplus and profits remaining Yocker houne for al! the good they fe, 8. That put his team only 2 font hourly earnings of all wage earners taal i Loose-Wites ..... StL O Gt Fran. 80% 90% «80% 07% terday. Me was unconscious when| after full dividends on the preferred complished for his team dufing that} Again it seemed that Magen’s efforts & Ohio Lorivierd . . oa 4 ‘494 stock, acquire redemption is Fong the ‘Austraiin ald noe turn tA| alone. might turn the tide of vietory.| Were $488, OF 98 per cent. above the tain 4 onic pt. & Nasnviile mLene Anak ae Stee. from the water, still clinging tol Chase at inet to exceed 4118 share a single wihning score on the first 18) At the Co ot Usaha be vite 3 July, 1914, level of $.243. The amount }narneinic 4 Lima Loco Rte. Hard Mtbtete a%: 4 ie the tube with a drowning man's rip. | plus accrued dividends an amount of 20-foot t = fae. Barnedal 4 . ‘i re holes. toe acn'e grote ators Om the previous] °t ceciine from the peak ta December, | ferns f-: MeIntyre P Mines Beab'd Alr Line, Th ot tm Ty phaul Cromiel jr., and Clarence Feibel| the preferred stock equal to at Inadt Magen started the afternoon round as to repeat his brilliant Mack Truck Ine . of Hackettstown had seen the man 150 Mack T Inc Ist pf 1920, beginning of 1923 3 per cent. of the la: hole counted for nothing. 0, up to the beginning yards off hore and apparently a per valve of pratertea’ steele. hues papel ag Beab'd Air L pf 13% aa st he meant Bears-Reebaok Stakes With the same score, DUNWOODIE COUNTRY CLUB, THE APAWAMI8 CLUB. Match Play Against Par, SATURDAY. ‘Two Ball Foursome—J. T. Downing and H. L. Downing, 4 up on par; H. 8. Graves and H.C. Conner, 3 up on par. Special Handicap. Grone. Heap. Nol BELLECLAIRE GOLF AND COUNTRY CLUB. BATURDAY. ‘The finals for the President's Cup fwhich started on July 8 finished Satur- Way. Jerry Holtore won, 4 and 3, de- Keating Net ‘Vickers, the seventy-six- year-old veteran of the links. W. N, Lawson was first In the sec- nd sixteen, J. T, Neary was runn up. Lawaon defeated Neary 4 and 3. A the hol pollol contest P. Bocne won ‘om. the twenty-fourth hole before Boone was returned winner. CANOE.BROOK COUNTRY CLUB. Sweey coo — Cla 4 SATURDAY. Gross. H’cap. Net oe 2 6% 6 8 2 ; 2000 AD P. Lawrence .. a 2 CHERRY VALLEY COUNTRY CLUB. Benefit Tournament for National Welfare. SATURDA’ off for handicap play for the benefit of tional Welfare Drive. A wubstan- ‘The results of the Grows. Hieap. Net | oxame d . is 7 Ld N. R. Sinclatr. tf parisons ry 6 ©. AL Wagner ponrdnian : Dou Me Parker: Sia] The four-ball 8. vison: 7 TSfagainst par for prizes given by the 3! 8. palmer VL 82 6) Wiclub, was won by N, R, Sinclair and COLONIA COUNTRY CLUB. S. V. Turner, two up. | SATURDAY. MONTCLAIR GOLF CLUB. In the fl for the club champlon- ship. B. W. Berry defeated Francis B. Sweepstakes. Dobbin, 7 and 6. _ SATURDAY, ; o Swecpstnkes—Clase A. ae secnaan ross. H'cal SATURDAY. W. R, Hotenhkt W. H. Cloug Grows, Heap. Nat | ae | Tacrington.. 49 oe er) ae) R, A, Kenned J. AL Sen Ss ee, ame kt G. A. Horton 1000 83 ECHO LAKE COUNTRY CLUB. Qualifiers in August Tournament—Cl SATURDAY. nA. Heap. Net, io tk Keiter. : 90 Class Band Clase C, Seven qualified in B and eight in C. For the first time in four years par for the Echo Lake Country Club was equaled, James Dalgliesh, the profe: sional, takes his place with E. M. Wild and H. Y. Barrow of Baltusrol as being the only players to negotiate the course in 72 ESSEX FELLS COUNTRY CLUB. ; President's Cup, SATURDAY Virst Round — Donald’ Campbell de- feted D. L. Moore, 6 and 4; R. G Bwennan defeated W, G. Moore, 1 up; Earl Langstroth defeated J. A. Sulli- van, 2 and 1; I. L. McCord defeated C. J. Hand, 3 and 2; B. W. Crane defeated the Hole-in-One Club: C, V. McIntire has passed his initiation for entrance into your one time selective club. While playing over the Forest Hi on in ll links he holed his drive the 135-yard eleventh holo the mdst approved fashion. Par for this hole is three, so you may well understand the ability of your future club member, J.C. Welch, 1 up. FOREST HILLS GOLF CLUB. Medal Play Handicap—Ciass A. 5B. B. ith, the match going to + A handicap with ten-cent golf balls. received two balls with which to start, SATURDAY 6 SATURDAY. tournament was Each play ross. H'oap. Net 14 held uary, 1922. The trough period of un- employment occurred in the middle of 1921, followed by a 3 per cent. in crease up to January, 1922. Employ- Columbia Graph 4% 4h AH Col Graph pf... Wo 16 Comp Tab & Reo 67% Conpol Distrib e.My % ment was fairly well sustained | Consol Cigar . aT through October, 1920. Beginning tn | Censo! Gas u Eel December, 1920, and continuing} Conve! Textile .. 10 10 9% Th through July, 1921, there were exten- | Cont Can on. ce ap os oe sive layotts, but since August, 2891, ] ccc preaete 11 Lim, 110% 110M there has been a slow and gradual in- | cesgen Copper 2 4% crease. “In July, 1914, 65.1 hours consti- tuted the average nominal week. Fol- lowing the general reduction in work- Crucible Steet o 27 16% Cuba Cane Sug pt 40% ing hours during the war period, they Bia hie . inn ime ae in disline’ : 1920, et udson 26% 126% 126% Mee a ee ere ane tae Sc caiworn..< im ili hms Hl latter level remained practically un- changed up to July, 1921. At this time, a large decline in the hours of the nominal week occurred in the foundry group, so that in July, 1921, the average hours were 49.9. They re- mained at practically the same level until the close of the year, being 49.8 in Decembe “The average actual week per wage earner showed a decline from 61 hours in July, 1914, to 48.5 in June, 1920. By April, 1921, the working hours had Deen reduced to 43.6. The last five months of 1921 showed a revival, 50 that in December they stood at 46.2. This, however, is 2.8 hours below tho levels reached at the 1920 peak. The resumption of working hours during the last months of 1921 has helped maintain weekly earnings at More or less permanent levels. Among the occupational groups, the working hours of women have increased more than those of men, which have helpod maintain weekly earnings at a more Detroit Baison .. Dore Mines Du Pont De Bastman Kodak . Elec Storage Rat Elkhorn Coat Bndteott-Johnson Erle i Mrie ist pt. Erle 24 pf.. Famous Players 464 i BANKING AND FINANCIAL. To aid you in your New York Curb Ex- or The results sha ra constant level. change transactions Name Gross. H’cap. Net | ‘’The peak of real weekly earnings the Milman L. G. Spindler +85 5 Bo] occurred in October, 1920, when the : 8) Le Markey. 0022000000 88 9 61 index stood at 121. The following “Investor & Trader” HD. Holden... A 20 1| months showed considerable decline, ©. A, Badenhousen 18 82] caused chiefly by shortening of work- gives you each week There were forty entrants who teed]? Name D. £5100 Sweepstakes—Ciass A, SUNDAY. Wooten ....... 0.0 Class B. ©. A. Badenhousen....... 01 18 GREENWICH COUNTRY CLUB, Frank Hughet ¢ KN SATURDAY, rey yr. M. 22 1-2, Pee Sa pened steady. Marac., 22 1-2, up Gr Danna Gasfetsciiis a Tee N45 ]1-8; Mutual, 9 1-8, off 1-8; Willys let Bumper, He ler a Fi pfd., 29 7-8, off 1-4; Radio com., 4 eo Waleh o) a8 rr 1-4, up 1-8; N, Y. Tel. pfd., 107 1-8; J, Sechmidiatt 80 13 s ‘a 1 -8; 8! » 2: aeonae 4 i3 Simms, 8 5-8, up 1-8; Stutz, 21, up ¥, GAR Thirty-two players have qualifted for the Tarbell Trophy, the finals of will be played next Sunday. MOUNT VERNON COUNTRY CLUB, Ball Sweepstakes, SATURDAY. \ OLLWOOD COUNTRY CLUB, Hall Sweepstakes. DEN CITY GOUNTRY CLUB, SATURDAY AND SUNDAY, Vice Preside Gross. H'cap. Net. ao 4 © which ing hours, but the last six months of 1921 showed a more or less permanent level of real earnings. In December, 1921, the index of real weekly earn- ings for all wage earners stood at 111, or 11 per cent. higher than in July, 1914. Measured on this basis, the g] economic status of the wage earner in the principal manufacturing indus- tries of America was 11 per cent. higher at the end of 1921 than before the war, despite wage reductions and part time employment.” ene LIBERTY BONDS. Liberty 3% opened, 100.94, off .02; —two pages of quotations , Bigs Neen enue lar sole for week number of shares traded —range on stocks since january 1, 1921 —last sale son price renee Bonds traded on Americas second largest stock market Six other pages of news, developments and opinions. “Investor & Trader” 18 Ist 4%8, 101.24; 24, 100.52, off .02; 34, 100,52, off .04; 4th, 101.36, off .04; Victory 4%8, called, 100.50; 4%s, 100.88, CURB. 1; 8. 0, Ind, 109 1 FOREIGN EXCHANGE STEADY Sterling, demand, 4.45 3-4; cables, 4.46, up 1-16, French franes, demand, .0817 1-2; cables, .0818, off .0002 3-2, Lire demand, .0461; cables, .0461 1-2, off 1-8. OPENED In the finals for the Vice President's ary a icrinen oreo THE WORLD'S r y Mr, Fox was the victor over Mr.| demand and cables, 0018 1-8, off A Giumisoca,* "te sure m/e, ootaes, ooo tat Fig tlem Office rrr Goch and” Rete ium | MRT ction Th 2092 7th Ave. HOTEL THERESA BINT. , | ; when fe aot ° amounted to $189, or 28.4 per cent. | Booth Fish Mallinson & Co . ‘ PR SMRNTS ORT OE: LRGUNAT HONG, ah MORNING ROUND. ide dead 6b uveeame NOUEY Gath | bre HAGA Stan al rere bec brand ae 8 1g cr} 12 | strong swimmer. Shall have been outstanding at any, © deaaah and Ai aacureee PULL. That Nn Bteek fap ‘Tran. Mar BR prior bi bbe say 10% bol 90% 40%) Suddenly he threw up Bis ‘hands| one time. It is also provided that extellent effort went for nothing, how- 346 ings showed well sustained levels [rook Rap T cta Marland OM . bothers beat, bb ate ae gh and his ahout was faintly heard on| the whole or any’part of the preferred wer, When Armour also got on With his 45545 4-38 [through November, 1920, followed by Brook Union Gas Martin Parry une Ay ae O74 St ONG] tho shore. Cromie! and Fetbel jumped | stock may be redeemed on any divi- ‘snot and eank his fleet putt for a UTED nas he beginning of | 8¥rnt Bros A Max Mot A tie =. ae for @ motor launoh, fastened to the|dend date at the option of the Board oe ae 3 715] severe reductions at the beginning of | Runs Pros f - Max Mot nf Fete Po Oe ieee eeu reg] Stor. They started at full srped for|of Directors, upon sixty days’ notice The real turning point In the match s544g4-s5 | |1021, and more gradual declines in the |uite cop Zino May Dept Stor eee ecteedrmecro-dacretramretd PAT re at $115 @ share and all unpaid divi. ame at the following hole, when Ar- 33 3-60] last six months of the year, Butte Supertor Mextoan Petr ¢ . z mour got on with two powerful shote a64a4e gen rare ie ings otea | Retch-Nut P Mexican Beaboard Strombers Car. 45 48 4648 || ‘The boat was driven as lose sojGends through the farway and then proceeded B46 $ G Eis. he average weekly earnings Ofeall | (44, i) Mid States 0 Studebaker . 131% 182% 381% 182 | safety permitted and one of the men to Bink a 20-foot putt for an eagle 3. ROUND. wage earners on Jan. 1, 1922, stood at {Ca Pack ... Midvale Steel... Studebaker pf .. 118 116 116 116 | tossed the inflated tube ower. Will-] DRIVER ESCAPES AS TRAIN HITS ‘ walter got @ birdie 4 on this same hole 2 $22.97, or 80 per cent. above the July, |O#! Petron... .+ Minn & St 1. Superter Or! 5% «6% 8% 5% i fame clutch®d tt, sank but came up. TRUCK. and laughed when Armour cheated him 54635 6—s7 Callahan Min... MStP&535M.. Bweete of Ame % Mm 2 2%/the munch swirled roung, and the} An auto truek Belonging to the Aieks- of victory With his spectacular 3. 53634 4-bi-ge] 1914, level of $12.86. The percentage | oanag Paritic Mo Kan & Téxas. Bpleer Mfe . 9% 9% 9% O4 rescuers pulled bits aboagt ville Baking Co., Hicksville, L. 1, wae wan holding the most bell. euekGi of decline from the peak in July, 1920, [cent Leath MK aT wi rere en ee ae ee cee eee smashed to bits when the Long sland Mantly individual golf of the day, but HOM ree Tr we J 1992, amounted to|Cent Leatn of .. 70% MEAT wi pf. Texas Co . a ath aT aT train leaving Huntington at 7.04 this even the British open champion could Laie bi ede he es Uphetsndecs Cerro De Panco 88% 38% 88% | Mo Pacific Terao Pacific ., 81% 394 St MM GUR® s1GNs. Morning struck ft at the second cross- not stand up under the amazing team- 58445 5-40 $7.42, or 26 per cent. Weekly earn-|cnanaicr Motors. 5914 50% 51% | Mo Pac pf Third Ave .....6 2% 2 38M 8 (Prem the Beeston Tramecript.) ing weat of that piace. The driver, Nig of the Sarazen-Armour combina- 46443 4-29-69] ines were well sustained through Oc-|Ches & Ono .... 14 ta ' Bene Wend uae Sn ne arieeat ok A HH 4 bg bigs Pi ioleginges is quite wrinkled.” named Morehauser, was trying to crank . 8554 Iton pf.. 19% 18% | Mex Beaboar * u ce Man of oare.”’ the machine, whieh r Joe Kirkwood had a real chance to SCC EE lg] teers 1088 BAN reductions co: Ml pt N 80% 30% 50% | National Act Twin Cy RT. 8 80 BO Ana Ma clothes are “wrinkled too.” tracks, when te tala appeeeencey Se curred at the beginning of 1922, due to} chi Great West ® ® 8% | Nat Biscuit Tobeeco Prod ... 83% 53% 53 os “fign of don't care.”’ large declines in working hours, but | Chi Grit Weel nt ai 23 ry Sas iain a a : <M a? Cl Ch Mil & St Paul M1% 82% a4 Golf Results at et ubs during the last six months of 1921] cy) si a st P pt 48% 40m 49 BANKIN. BANKING AND FINANCIAL, | BANKING AND FINANCIAL. | BANKING AND FINANCIAL. weekly earnings have been well sus-]} Chi & North'rn . 80% 82 80% = 82 ncn ate eee tN ner eed Siathanettetemncatatemendianemanemenetiamdieesemena aaa | tee tained, although hourly earnings have} Ch! & Nowin pi Uitis titis Mey 1st biLiole pee ated HOLE IN ONE IS MADE . |declinea, duo to a resumption of more] po 6 p o pf oe Mm M&M ay normal hours of production. Chile Copper 2% 1% 21% ON FOREST HILLS LINKS rota cenbievaent Acstnea 38.8 per | Chino Copper 30 0 = cent, fram June) 2080, the) general CCGA A Bt Let tM Oe ke Oe $12,000,000 To the Imperial Kleagle of peak of industrial activity, up to Jan- [ore goutnern , ann 48% a8 484 ‘GIMBEL BROTHERS (TO BE PRESENTLY INCORPORATED) SEVEN PER CENT. CUMULATIVE PREFERRED STOCK Preferred as to Dividends and Assets ‘Qe Redeomadte in whole or in part at 8115 per share and accrued Dividends On or before August 1; 1997, and annually thereafter, from out of surplus and net earnings, at least 8% of the largest amount in par value of the preferred etock that shall have been at any one time outstanding chal! be acquired by the Company by ~ redemption or by purchase at not te exceed $116 per share and accrued dividends. Application has been or will be made to liet both the Preferred and Common Stock on the New York and Chicago Btook Exchanges. : CAPITALIZATION ae SEVEN PER CBNT. CUMULATIVE PREFERRED STOCK (Par Value of Shares $100)..............ceseenssses $15,000,000 Dividends payuble quarterly, cumulative from Aug, 1, 1922. A We eammariss {a part as follows from « letter of Me, Isene Gimbal, President of the Co » copies which may be hed from the undersigned upon request. i — " BUSINESS 4 The Company will succeed to the business of the Gimbel Brothers general department stores in New Yorf, Philadelphia and Milwaukee, These stores have a floor space totaling 68 acres and a frontage of three city blocis, which will be increased in 1994 by the leasing of another block of Broadway frontage for the use of the New Yiork ame, Each of these stores is located in tho heart of the shopping district. A well oquipped foreign organizzgfion also exists. MANAGEMENT Since 1843 the business has been continuously under the active management of the Gimbel family, aind al important executives have grown up in the business itself. At present, besides the older officers, there arq cight younger members of the family actively engaged inthe management. The Board of Directors will consist (watirely of members of the Gimbel family, together with a member of Goldman, Sachs & Co. and of Lehman Brother, SALES AND PROFITS The net sales of the consolidated companies for the three years ending January 31, 1922, and their ret profits before deducting income and profits taxes paid but after giving effect to taxes at 1922 rates, as certified tty Mesers. Touche, Niven & Co., New York, N. Y., Public Accountants, have been as follows: ‘ Meare ean’ forsee’ tare Wet sales yt ov hetes, iad ey ($88,246,214.61 $5,286,4'p.29 66,070,406.79 2,838,987.50 66,778,505.64 After giving offect to the 1939 tax rates, as statod above, the average profits of the consolidatt1 companies for the past three years have beon $3,878,905.26, or more than threo and one-half times the annual dividend re. quirements upon the total lasue of $85,000,000 of preferred stock, i All legal details in connection with this Issue will be subject to tha approval of Mosers, Sullivyn & Cromwell, roproventing the bankers, and Messrs. Stanchfield & Levy, representing the venders, and this «siering is in all reepects subject to such approval, Price $102 per share and accrued dividend Delivery of the stock will be made (when, nid if Issued and accepted by us) on or about ,August 31, 1922, 6n two days’ provioue notice, at the office of Goldman, Bache & Co., 30 Pine Street, New York, !K. Y., in the form of temporary stock certificates (or Interim rocalpts) axchangoable for dofinitive stock certificates ‘when prepared. Wo rororve tho right te roject any or all subseriptions, to allot loss than the amount i@pplied for, and to close tho eubseription books at any time without notlco, GOLDMAN, SACHS & CO. Re LEHMAN BROTHERS Ame above information, while not guaranteed, has been obtained fram sources which we believe to poegreliable,