tember from th partnership of Sas, Mr. 3.3, Swan withdraws as of Sep-
Gulberison and Frits forthe purpose of forming the New York Stack Shangeitrm of 3. E-Swan Gor The formation of 3. Swan Ca, it'neeessary for lite, Swan to' Flite from Swany Gulveison & Pete nas much the Tui Stock Exchange prohil a pariner ili any member fern from belonging (0 any other partnership. The pines ship of Swan, Culbertson. & Fritz will "otherwise remain and will continue its business under the name Swan, Culbertson & Fritz with no change in the ami capital and no other charly 'The firm of Swan, Culbertson Fritz had its inception in 1926 as. an Individual proprietorship' under the style of J. E. Swan & Ca, for the purpose of doing a brokerage business.
Jocal securities and Chinese Government bonds. With the admission partners Culbertson in January 102 Chester Fritz in January '1029, the firm's name became Swan, Culbertson Fritz, and its business was panded to include underwritings and. brokerage services In securities and commoditic: chiefly on American and British markets, Branches were subsequently extoblished and are now maintained in Hongkong and. Manila and the firm acquired and will con= {nue to hold seats on the following, Exchanges: New. York Cotton Ex= Shange, Chicago Board of 'Trade, 'Winnipeg Grain Bxchange, Commodity: Exchange, Me, New York, Canadian Commodity Exchange, Inc, Montreal, New York Coffee & Sugar' Exehang2. Junior partners of the firm at present are: K/L. Yul, KW. Tele, A, U, Fox, Emile Essig, and 8. Klotz.
'The existing relationship between Swan, Culbertson & Fritz and Hayden, Stone & Ca, will remain unaltered.' Swan, Culbertson & Fritz will continue to act as correspond= ents in the Far Fast for Hayden, Stone & Ca, and all the American business of Swan, Culbertson & Fritz will go through Hayden, Stone & Ca, who will continue to hold the securl= ties belonging to the clients of Swan, Culbertson & Fritz. In the technical Wall Street phrase, J. E, Swan Ca. will "introduce" the account of Swan, Culbertson & Fritz to Hayden, Stone' & Ca, The New arrangement in no way means the severing of Mr. Swat lies with the Far East, In fact it is expected hat he will spend considerable time in China for the purpose of assisting in every possible way the clients of Swan, Culbertson Fritz who are interested in American security and commodity market,
Text read from the printed page and cleaned; old type leaves the occasional error.