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Show fORElGN TRADE ! BAPIKQBJEGTS New Company to Compete Overseas Organized Under Edge Bill NEW YORK. April 19. The first charter for a foreign banking associa-j lion formed under the provisions of the Edge bill and intended to enable American manufacturers to compete in foreign markets on a credit basis, has been granted by the federal reserve j board to the First Federal Foreign' banking association of New York, capitalized cap-italized at $2,100,000, according to an announcement made here. It was decided, the announcement says, to limit its shareholders to banks, manufacturers and others interested in foreign trade. Manufacturers participating partici-pating as stockholders will have first call on the bank's facilities. The entire en-tire stock of the association, consisting consist-ing of 20,000 shares of $100 par vnlue, and 1.000 founders' shares, has been underwritten at $105 a share. Following ir. a lost of banks and financial fi-nancial houses, on behalf of manufacturers manufac-turers in their respective localities, as-sociaicd as-sociaicd in the organization of the company. Alfred Co., the bank of the Manhattan Man-hattan company, the New York Trust companv. and the Liberty National bahk. a'll of New York; Tucker. An-1 thony and company of New York; and j Boston; Citizens Commercial Trust company of Buffalo. American Trust l company of Boston; Merchants National Nation-al bank of Worcester; Chicopee Na-tlonhl Na-tlonhl bank of Springfield. Mass; Commercial Com-mercial Trust company of Philadelphia and the First Bridgeport National bank of Bridgeport. Conn.. W. S. Kies. formerly for-merly vice nresldcm of the National City bank and of the American International Inter-national corporation, will be chairman of the board of directors. "The Edge bill in effect provides for ihe establishment or a new kind oT bank which shall .obtain working capital cap-ital from Ihe Investors of the country through which shall obtain working capital form (ho investors of the country coun-try through the sale of the. bank's obligations obli-gations or through the use or its guar-! ar.tce In connection with the papor of American manufacturers and export-rrs, export-rrs, based in turn upon the credit of their foreign customers," Chairman Kles explained. oo NE WYORK STOCK LIST Allis-Chalmers 40 American Beet Sugar 100 i American Can 46 American Hide Leather Pfd. ..1397s American Locomotive 104 American Smelting &. Ref'g. ... 66 American Sugar 235 Am. Sumatra Tobacco (ex u;v) . . 93 American T. t T.( 96 Anaconda .Copper 60 Atchison 81 Baldwin Locomotive 136 J Bethlehem Stcey "B" , 95 Baltimore & Ohio .' 33 Canadian Pacific 119 I Central Leather 85 , Chesapeakc & Ohio 53 Chicago Mil. and SL Paul 36 Vi Chicago R. I. and Pac . 34 Chino Copper 35 Colorado Fuel and Iron SSH Corn Products ... 99 Crucible Steol ..225 t Cuba Cane Sugar . . . 56 Erie '. 13 i General Electric ' 153 General Motors-;..,1 -..331 . Goodrich Co. . .. 68"! Great Northern pfd 76J-t Gieat Nurlhera Ctrs .V. . 37V8 Illinois Central ... S9 inspiration Copper ... .' 56 Int. Mor. Marine pfd 93 Inlcrnaticnal Paper .81 .ennecolt Copper ... '. ,. 30 Louisville & Nashville ... 102 .Maxwell Motors 34 Mexican Petroleum ..193 Miami Copper 23 Midvalo Steel- 45v's Missouri Pacific 26Vi New York-Central 71 N. Y.. N. H.. &, Hartford 31 U Norfolk & Western 93 Northern Pacific 77 Ohio Cities Gas ... 42 Pennsylvania ., 40T& People's Gas 35 Pittsburg and West Va. .' '29 Ray Consolidated Copper 18 Reading S3 Rep. Iron & Steel 108'A Sinclair Oil & Refining 39 Southern Railway 22 Vj Studebaker Corporation IIS Tennessee Copper" 11 Texas Co 195 Tobacco Products 71 Union Pacific ..6 118 United Cigar Stores 125 U. U. Ind. Alcohol . i 91 United States Rubber 107 United SLates Steel 103 ' Utah Copper m .. j Westinghouse Electric 51 Vvillys-Overland 21-76 ' American Zinc, Lead and Sm. ... 174 : Butte and S'mnrie-r Cala. Petroleum '. 17, Montana Pow, Shattuck Arizoim . . . American Inter. Corp 9514 Royal Dutch Texas & Pac 10 Standard Oil. Pfd 106 LIBERTY BONDS. NEW YORK. April 19. Final prices today on Liberty bonds were. as follows: fol-lows: 3's 93.50: first 4's 90.00; seconds sec-onds 4s 86.20; first 4Vt's S9.90; second sec-ond 4V4's S6.40; third 4Ji's 91.40;. fourth 4's S6.46; Victorv 3's 96.14; i Victory 4's 96.04. COTTON FUTURES. NEW YORK, April 19. Cotton futures fu-tures opened today; May, 42.00c; July,' 40.04c; October, 36.91c; January, 35.10c. NEW YORK SILVER. NEW YORK, April 19. Bar silver $1,17; Mexican dollars SSvSc. POTATOES. CHICAGO. April 19. Potatoes Steady; receipts 57 cars; northern wblto sacked bulk $6.60 5.75. BUTTER AND EGGS. CHICAGO, April 19. Butter unsettled; unset-tled; creamery 4S64. Eggs lower; receipts 31,253 cases; firsts 41Z41c; ordinary firsts 3738c at mark, cases included, 3840c. Poultry alive lower; springs 37c; fowls 37c. ' |