Newspaper Page Text
Sinclair Crude Oil
Purchasing Co.
5??I Cold Notes
Dm l?:l
Any ptyment? received
under an oil purchase con?
tract with Standard Oil
of Indiana and Sinclair
Consolidated are astifned
to the Trustee for the
benefit of the?? Notes.
Price to yield about
.5.90%
C9*s*ls*. ftrenlar
on r?j???t
The Nition.il City Company
Mala rttf.'.- N?u?n?l O-t Rank BaUillM
ypvma oeie? Osst ?'- * M?<1l?oa ??a
White, Weld 6c Co.
14 Will Suret
New York
111 Devotuhire Street
Boh on
137 South LaSalk Street
Ckicifo
Reinhart & Bennet
.MemtSfri N. Y. Sto<k Exchtnt*
Itroarlway New York
Telephone Stil Brood
PROFITABLE
INVESTMENT
The opportunity to buy a de?
pendable dividend paying stock
below its prices of normal
times presents itself in Brook?
lyn Edifon. Inquiry is well
worth while and full details are
given in our
Brooklyn Kdison Letter
J.K.Ricc.Jr.&to.Buy&Sel
Atlantic A Birmingham 5i
Colorado Industrial 5i
Campball Baking Com. A Pfd.
Gr?el.y-Hud?on Sec. Bi
Phelpi Dodge Co.
We.tfield R. Pap. Con. A Pf A
J.K.R!ce,Jr.&Co.
r??n*? 4111 to 4111 John. II W?ll ??_, M. Y.
ROBINSON & CO.
Investment Securities
2? Escbanga Placa New Yark
Usmhers Ns? Yeek Sleek Eschenf*
itiwfrtlf f Mm
ror?DEn i:ri
Seasoned Investments
30 Pine St. New York
BONDS
Investment Suigettiotu ft request
DoMiNicK & Dominica
tte-tSer. Neu? York ftork girhanpt.
115 Bro?dw?y Telephon? Rortor l?ll.
TRUSTED EXECUTOR
THE FARMERS'
LOAN and TRUST COMPANY
Chartered 1622
16-22 William St '
?ranch 471 Fifth An . N?w T.r?.
LONDON
ADMINISTRA CrARDIAl*
CENTRAL UNION TRUST CO.
?f New York.
80 Broadway.
DKIMIIK*
Sib A ?eau? and ?01 b Atr?*t
Madlaan Avenu* ?I 4'od Slr??l
Capital, siarpl?. and I adl.ld?d
PraOl? f< 1.000 .?4M.
HAYES WHEEL
Descriptive Circular
furnuhed upon request
McCLURE, JONES & REED
W.?... Him r~? i.-t
Stock Prices
Shade Off, hut
Tone Is Steady
Reaction in Oil Securities.
Cande? an Inrreane ??f
Selling in Other ?Quar?
ter* of the Market
A reaction from the recent sustained
ris? in the market worth of dome?t;<
oil shsres esused ?n lnere?se of
ing In other Quarter? of the
merket yesterday, and though average
price? on both railroad end indus
tri?! ?h?rc? were a ?hade lower the
market ?u fairly steady In under
lying tone.
The telling of the oils was M
?ted with trade figure* Indicating that
production might outrun consumption
and with criticism by the Federal
Trad? Commission of the expansion
polier of the Standard Oil Comp?ny of
Indiana. Rather than revealing any
new light on the fundamental ststus
of the pteroleum Industry, the d?y's
development? ?erved as pretext? for
selling for quick turns on the short
tide and to take advantage, of the
?slightly Impaired technical position.
The more serious aspect of the rail?
road strike, which Is interfering more
?with th? movement of trsins than the
speculative community anticipated,
ttrrtt, too, to give a hesitant attitude
to operators for the rise. Transaction?
wer? on about the same scale a? H
Wedne?day, about 50 per cent above
the extremely quiet basis of the first
: two days of the week.
The exceedingly rapid recovery in
French and Belgien francs and in
mark?, which on Wednesday stir
jail ?she other financial market?, was too
I swift, for yesterday there was a re?
action downward. The rebound, which
came with the news that a three years'
! moratorium had been asked, was in
?reality primarily the result of cov
; erag by speculative ?horts and to a
lesser degree represented trsde buy?
ing by those who had purchased mer
! chandise abroad.
Cotton and wheat quotation? con
tlnued to move higher.
Ar'inst the fluctuation? in the msr
' ket?, which were of little permanent
! significance, the action of the |
emors of the Bank of England in re?
ducing the discount rate for the fourth
time thi:. year stood out in marked con?
trast. With the rate down to ." p?|
cent, the lowest since 1314, England,
which beyond nil countries is
tive to changed financial eondit:
h?ck to normalcy In so far I
charge for credit is concerned. T I
cut undoutedly foreshadows another
reduction by the Federal |
Bank of New York, whose rate is 4
per cent. The peak rate for the Bank
of Kngland, as well as for the Reserve
Bank, was 7 per cent.
C
Money and Credit
Call money opened and renew.
84 tier cent yesterday and early in the
session the charge was red
?er cent. Some lo?ns wure arranged
ractlonally below this r.
outside market. Brokers reno:'
flentiful supply of funds available nn?l
ook for continued cheap money. Time
loan rates were fairly well maintained
at 44 to 44 per cent, according to
maturity, but there wa? an inrr<
tendency to shade these figure?, partic?
ularly for the periods up to ninety
days.
Yester?
day. IM
On Industrial collateral f,
On mixed collateral fl
Time money .mixed collateral-!:
I Sixty days 4
I : Ninety days .
'Four months . 4'. 14
Four to six months 4 .
Bank Clearings Rank clearings at
New York yesterday were: Y.xrhange?,
#712,000,000; balance?, $61,900,000.
Sliver ? London, 8D*)?d; New York,
domestic bar, 99 He; foreign, 70c;
Mexican dollar?, 684c.
? a
"Hie Dollar in Foreifzn Exchange
Wednesday's sharp ra'.ly In th? for?
eign exchange market brought forth
increased offerings yesterday and th?
aim made were considerably modi
?d. Marks lost 2*4 point? at 224
hundredth? of a c?nt, fr?ne? cloied at
8.2? c?nt? for cables and sterling eased
off 4 cent. Lire, in contrast, finished
? with a small ga:n. Banker? regarded
- the setback a? natural after the ad?
vance and reported that the msrket
| before the close had achieved a posl
' tion of relative stability for the mo?
ment. Other Continental? were firm
to higher.
ECEOPE
Taster- Pre?r1ou? T.sr
Clay day ago
GREAT BRITAIN <p?r 14?? ? eovai
I'?rnand . 4 44V, mis I.?]
I Cable. . 4 44 S ? 44 S
?i d billa ?buy ?. 4 41?, lu
>f. d hill? (buy'? ? 4 4fi'?i 4 41 %
FRANCE (par It 3 rent? a franri
D??a?al mi, ? ?i
c?h>? | 1.14
BKI.'.li'M (par 111 rents ? franc)
I'ernsnd 1 ' 4 , ' : , " ' 4-,
or.:.?. : si 7 ?a
P.WIT7.ERLANI. (par 1?! rent? a frane)
Urminj I? 11 It IS It II
Cable. 1? 17 li. 17 1? tl
ITA.LT (par 1?2 rent? a lira)
l.emar. I 4 (4 4 ; * i
?a 464V, 417V,
H"L1.ANI> (par 4? I cast! a florin)
l>?n.?rc: II.tl
?h,?a (III It II till
i.KRMANT i par :3 ? . ?nt? a mark)
i-emand . . .tlti -/?
Cable? :: 4? 1.14%
At'BTr.lA (par 10 1 renta a crown)
liemsnd 0042 I 44
? able? 1*42 ' 14
NiikWAT (par 71 s c?nt? a (
?ni 14 tl II ? II U
<abie? 1410 II II 11 I?
' glVtliRN (par ?S I renta a <-rnwn)
Urmii: 1 21 ?1 II I" 21 1*
II II II II
DENMARK (par II I cr"
I>?n.?n1 |1 10 II I? IS II
... ' 1?0?
SPAIN ?par 1?' cenia a peaeta)
I?en.?r..l . IMI II.M 12 I?
?, ll| :? en )2 ?I
POKTI'OAL (par l?l ?S eenta an er
.1 7 1?
<'?t>l?? IM
GREECE (par ?> I < er.ts a dra. hma i
Iiema-1 110 3 7? ?41
cabl?? I ? ? J. " ??"a,
POLANl) .par :i I r.nta a mark?
r>em?nd . , el'S .?lal? ??
<???,,?. MT?i "i?H ?????.
CZE'HU SLOVAKIA 'par 10 1 cenia ?
? ni
Dan a??. Ml
a ' I 11 . 1
Jl".lo SLAV 1A 'par : 1 cent? ? crown?
l.amar I .1? .!? *'S
... .11 10 II
' Kl'MAMA (p?r 1?J <?r'a a
'4 , Mtt 1 44
?. lit, ? a 1 41
riN'LAM? ipar 111 eenta a mark)
2 11 1 j;
Cabi?. t 01 i 1? 1 72
FA? i:i-l
.MINA (Shanghai par una?tt>n)
1 70 ??
? able? N M ll o? nil
china (Heackona par uns-?ttl?rl)
DOOM '-* " ?!?i ??i?
,_b.e? HI" *? ?? ?171
JAl'AN (par 4SI rent? a >en>
l.em.ni 47 17 V, 47 ?74J ?
?.?.?a. (Ills ?111??
tCtaSatsa???! ?a? raaf?
Transactions Yesterday in Listed Stocks
Summary of Stork Exchange Dealing*
-5, Horn Tart TttlvM h
?TOI
D?r *ir?r Jinaarv ' t? 4?l?
v. ? ton ??" i??2 iiii into
K?llra?n ?i-kIis ' ' IV? n?.8O0 31.401.700 W.S01.SOO 2MU.700
-*,?, rMJM '?'.?? 701,500 llO.ttt.MO 70.?08.200 tt,ItV404
All ?tara? 77t,t00 SOC.ftOJ f?t.RM .42,-,:?.y? 9?.40?.300 lW.1tt.100
IKlNJlS J.n.ary 1 t. d.i.
U.I..IT IL? ??'.r. V.irir. t?2 1121
C. B r?.eminent hnnn? -'.CISOOO ?3.U0.000 fJ.101.O00 f1.04a. ?72,000 t1.017.St1,000
K.i ro?H hnnd? vO 4.701.000 2.SS1.000 S2t.4SS.000 271,828.000
other hand? ?.028.0O0 ti'?OOO 3.812.000 753,?4,000 ?M,885,00o
an ?._a. vtr? u IM non ? *?4 OOn 9 411 ??1 OOn 1 ?44 ?1 000
Record of Stock anil Bond Avrrngr*
-1*ht 1111. N'- I I* Trlh-in. In- I
STO,KS rromJ.n 1 Rm.? fall
4.? h.f"r? ?I? ni.k ??' *fi !;
74 14 78 8? ?2 44 74?? UM *?' ?? ?' 4
20 H.llra.d .toe.? ? "" ?" " ??7 n,, 7, u 80 !
M ,?d..?rl.l ..-k. - ?O-JJ ?MJ ?g ?J MJ0 71? ?,
80 ?Uathi
????????????????????????????a?H ., ,,
m?tame ue?*, "" ? SS ES RS
10 lnd..trl.l k-,d. ?? ?J ?JJJ }? ,,r,, .0M
Illlh i N"
1922 1922 In t ??????? ?***- ?"?" **w ( ?"? ,",# Bt4
89 48 - tkMlTJM 100 82 82 ?2 42 ? ' , 61
57'. 45'. 4 Air Resumen 600 53'. | 55S ?S M
?,1, _ A)a. Hul.b.r 200 15 15 15 15 -
7.''. ?A1. 4 Allied (hem ft D,. . ?WO SS 88'? 68', S?',? '. M?.
110 101 7 am Pf 300 10t 10t 10t 10t - 107','
63', 37'? 4 Allls (h.lm.r? , I7M .52 62 ? ' .
70*, 55'4 - ?MT Arrl < heia pf '00 61', 83', 63', 63, <4 63
4? 31?4 - Am.r II..1 ?-ur.r WO 44', 44, 44, 44' ,? ', 44',
63'. 51 4 Amer I. 100 62 82 S2 82 - ' , ?0
-?". ? Amer (an NM H? 54 52', 53*tr- S ?3',
10g t3? 7 dor? ?? ??? 10? 10> 1<* ? 't1*
161 141 12 Amer (?r * Fdr . . 100 164' , 184' , 164' , 184' ', ? 2*4 IM 1
7 _ Amer ( hklr 100 11', 11', 11', H'f '? M
30', 1<4',? Im.r dMMMl 01 WO 26', 26', 2f, 24,-- ', 2??4
HA ? Amer Dm? Ryn .100 5 .. . ' .
17', 12 - Amer Hide ft I?M*. 200 14 14 14 14 ? ?4 1?
m,2 78 ? 900 10t', 110 10t 110 - 1Ct',1
92', 72 6 is r' 200 89', Bf? 81 St - 87
50??. 38',-- Amer !nl-r Um ? ? ? ? ? ?2 42 -1. 4;
IV, o ? ( lis.rlil-.- 100 13 13 13 13 - '. 1
60'. 53 ? Amer l.ln.erd pf 200 M 58 M 88 - M
117?, 102 6 Amer I... - M? Iff 114 112', f 12',- 1)4 HE 1
BH 3S - 'r,T "?""* 1'" ** 6'a 6 ' '? H 6H
2V s 6' , ? Amer 8hip ft Ta?. . . 1B ? , 19' , 2*> , M
67', 4-.-.; - 4mer Hmeltlnt . . 2200 62 . . 61?,- M 62
?t 86', 7 d*> pf 400 SB ?f'j ?B 98',? 1 M',
, 361?- .36*4
A m,r Murar. 700 79 79 78'4 7t ? H 78",
47 23'4? Amer Sumatra T.k . 1200 40', 40', | '9
70 54 5 Amer Tel ft fahle 0 5? 5? 57' , M - !" ?
124'. 114'', 9 Amer Tel A Tel. 11000 120', 121?, 120'-, 1211, ? % Itlft 1?
MO 141'* m'? Ml* 1?1V- H i*'11 1
105 96'i 6 do rf 200 105 105 103', 103H- H 103'., 1'
142", 126 12 ri.. I 400 1^9'? ' ' - . 139 1
17', 6 - Amer W,ter Work. . 200 16 16 15'* 15'?- ?? I .
? 4 _ ft.pl r?0 A s 42?? 42 42'a- M 42 ?
88 67 7 H-. 7 pf 100 87', 87', 87', 8'',? ' 87", I
95*, 78'4 7 LmtWiAi . WOO H 4 91 ? 9C'? <*>*- ?? 90* , !
37',? 22',? Amer Wt, Paper pf. 500 31 31 31 31 - 29',
<8'4 36 ??d pf 400 45 45 44', 44%? 1", 44', -
57 47 - Anarondn MOO 52?, 53', 52', 62',- '. 52S I
? Dr> i.d? . 000 M M 53 63-1 52',
?O- o- - ' ' , 10V ? 101 101'-,- 101 1
617', 85 5 ri.. H ' ?' ? ?' eo'? *>''- * ?? !
5', ?4 - AU. Ilirm A- Atl 200 '.'4 3?? 3', 3,- 3' ?
lili/. 83 7 Atlnntle loa.t I.lne NO IM' , 108' , 10B 1Ct?,. ',100 K
Bi- M&? Allanllr Print ?00 r-, 2S 2% 2*4?- 2,
HIV,? Atl.ntle (.ulf A W I. 1800 38', 38'? 37', 37'?? 1 37'4 i
* J_ d ? 100 27', 27 , 27', 27',. M 26 1
03', 9'4? A? 700 26', 1 28 ? S 27?? .
120", 92*4 7 r.ald?.ip I 3400 116 110V? 114'* 115'-'?? ?? IIOJJ ?1
? - Iloli.r.-. re K Ohio 16800 52', M* 51?, 51',? ?? 51', B
p.", 4 ri- rf 200 63>4 ffSft ?3', 63',?- 62
60 40 ? R.rnet leather ..... 200 60 60 59 69-1 68?? ?
7 Rreh Nu. .... ??D 31 31V, 30 , Il 3
800 33 33 31', 32 - V?
?'4 - a ? ? ? " ? iil
50 33 - B.rnk nro? . 6C0-47', 60 47', 60 -3', 60 I
79 61 5 nr-h?rhrm fiteel .... 200 7*??? 74>4 74?, 74V,_ '4 7V , 7
.1400 76', 77'4 "? '* 78'4 7
, -, 7 do 7" r' ... 500 9*?, 9?-? 94'-, ?5'?- M M', 9
8*4 4?4 ? ? 1500 7H 8 7H 8 + '4 J7,
V0 100 8 1. W0 101 108 ICO - 107?4 IC
2? ?I. _ 1 rran 22 "0 26 2- . 25 , 2^
5H- do .- 0? BV. 20', 22' r- Y* 22', f
119 70 8 In? I 112 M
?'4 1*1 - 2 2 " ZI 7
If, _ 1 >.l 2d i-f 200 Mf, 30?? 30H 30?fc? H ?? *
5.1, 2'? - !'? 100 IV* 3-, 3', -' .-- 3 <
83 T. R A P ' t* 68 68 68 - M
cr? 93H- ' s
? ... 2600 42', 43', 42', 42',- 42. 4
g , 5 4 I 100 t'4 6'4 *M ??4? '4 4>4
3?U4 2'?, ? 1 'r SO; 29 2"> , 29 29 - 26', 21
34 22 - 1. .300 22', 23 22', 23 - 22 21
-, 10 _ . ? ?0 12 12 12 12 - ' , '?
11', 5'?? Callafcl ..d 700 8, 8', 8 8 - 7', I
717, 43',- I f I'- -?-? 43O0 62 62 60', 11)%? ',, 61', 6'
145 119', 10 Canadian P.clflr. 600 1'9'j 13f ?, 139 139 - ??139 131
i 6', ?'?? '* 6
I 4 38H? 1H 3?'-? 3'
63?, ? -. ? pf -1 73 73 ? H 7V 4 73
40', 32!4 ? Orro dr P?*?-?. 700 36', 37', 36', 37',. V , 37 37
63'? 34 4 1 . 100 50 53 50 60 - 4t 61
7f4 47?4 6 * . 1000 73 70'/, ?9?, 69',? ' '
ake A Ohio. . 5100 69 69*a 6B?4 69 ? ' , 66H 69
.0 10', 10'<. 10H 10-s- % ny4
.?J 18^, 18*, 18', Wl/i? ', 18 4 16
Ulinol?. 100 37 37 37 37 ? ?, 36', 37
69 *% 55??- 65 56
- n. 100 9 9 t ? ? !', 8', |
do pi MO 22 22 22 22 ? ' , 22 23
? , ,H -' r.ul. 3000 28', 29 ? 28'4 ?- -, 29
47 29 ? do pi 1700 441. I ? % 44 4)4
78 69 5 IhirA North?e?tern. 700 77 77 7. , | , 76
100 7 d^ pf -CO US 115 115 115 s] 1 114 T5
Ab 4 3C?4 ? 1 1 .. 1 .1 ( M ? r*t> 43'', 43
'4 8H4-? ?H 01 82
. 7 du / , ;f ?', 95 94', 95 . 1'., 94 , t6
5'i 5 ( P, M A 0 . ' ' 65?4 67 . ', 63 67
15", ? ' ? . ? , 22'4 22
.1100 2<i'4 3 . . . ' 30
7C 4 54 2 ' . 5DO 76 76 4 70 4 7V 4? 1 74?4 76
43 ? < lu<lt-!'?isbody . 2M 55 55 65 55?2 M
l 100 87',', 7 .. .. 1yD 99', 00 ,-99', 100
-, ?>*)%,? I?? 6f , 70
! 83', Mfft 0 -A Etre 900 80 89 C8', 83 * H 88?? 89
53' -. 38 3 ? 0 48 42 48 48 ? H 46', 47'
. Ij 4 .:i 61 61 61 61 - 6
- ( nlum...? I.raph? .. .. flOO ??', 5 ??', 4 3- ?, 4'., fj
21 6 ? do pf . - MJi 18H 18 18 ? ',, 17?? 18'
( bjai ..... ,33 33?2 31?? 33
2 4 4? ton.ol tlist . 100 , - , ,
85 7 (on...I d?. . 17800 120'/4 123H 120 123',- 3S 123 123'
15*?, 10;/4 ? 1 - . 9C0 11 11V, 11 H,.,- ', -I?, 11'
1C8 4 91 4 4 (..rr, l'r.riurt? . 400 104 104 103?, 103??^- H 10IH 104
53? 31?i 2'/, Co?den ft t?. 3C3V) 46', 47'/? 44', 48'/?? 1H 45 4 4*3'
77', 52'4 ? frucibl? 8t??l . 3000 74 76 73'/, 74'/,-.- ',4 74 74',
19?4 B", ? fub? C*n? Bur?r... 1100 16 H 15H 15?4- 15H 14
40H 15'/4 ? d? pf . 3O0 JSVi 36*4 35 35 ? % 34 4 33'
27'/, 14',? foh,n-Amer t**J*t.. 200 23H 23?, 23', 23'/,? H 23-, 24
85?, 43 ? na.idion fhemlcl.. 8C0 43'/, 45', 45 45?1 44', 45
24-, 16'/, ? Dr lletri Co. 100 21', 2', 2', 2",- 21? 111
126 IO6I4 B Drlaw.r? ft Hudko-. , 123?? 123H? H 120 124
I'- Ink A ffssl . 200 129'', 129'/, 12?', 129' r- 128'4 129
30?, 18 , 2 H-m- Minr., . 500 3M, 30', 30?, 30?4j- 30 30?,
150 113 8 DuPont de Nemour?. 200 141'., 141', 141', 141',? '. , 140 142
05 80 6 do pf drb. 200 8"4 8"4 8,vi 81*4? '/s B1H 82
77", 70 8 F??1m?n Kod k .... 100 73 73 73 73 - 72** 73
23'4 14"?? Elk II m < '.?I | 20 20 ? 7. 20'* 21
48 40', - I 'lattery. -?00 44?4 44?4 44?, 44?%? ?4 44 44';
44 4 22 ? Kmeraon Bran- ,' WO 36 36 36 36 ? 35 37/
I nriicott-Johruon. . . . 2CO 8H4 81?i 81 81 ? ' , 8'j'4 8"
1700 17', 17", 16", 16'/r- ', 16?, 16?.
: ? llyfc ? d. 1.1 pf. 1800 24'. 24', 24 24',? ', 24 24'.-;
? ri-. 2d pf . ... 100 18'4 18'4 18 4 18!4? '? 17?4 18'i
? I ? NO 82'. 82?, 82 '2 s- M *2'4 82";
99 91', 8 A if 100 95', 95', 95', 95",? ', 05 95?;
17 5 K.d Min A Smelt pf I | . =,:'. ' , 5:',? '4 49', 51
1C3'4 76', 8 I - . -i 87?, 87?, 87?, 87V,? ', 86', 87',
19', H'?? l'u-k ItuSher lire . 37C0 15'., 15', 15?, 15*%? H 15H 15'-,
26', 12"? ? Krerport-Tr??. ..... 3703 23 4 23'4 22 . 22U 22\
i.nrral A.ph.ll .. 18000 89 69', 69 6t>,? ?? 68 ? 68"?
15' 4 T?? (.?i.r.l ,.- b| .?', ?4?,
84 67?4 6 do 0% drh . 200 81', 81", 81 81 ? ' , 81 02
97 79', 7 d. 7?, rieh . . VA 93?? ti?S? t3'? 93??? ', t3 ? 04
18'4 ' - 100 16?, 164, 16?, 16',? ', 16?., 17
44', 34',? (?.nririrh. Il 1 100 3t'., 3f ? 39', 39'^- ?4 39 39??
91 ' 80', 7 te pi 100 88 00 00 88 - 87'? 88??
?5 2e, ? (.rar',> Minn.? 400 30 30 21 4 29 4 4 2? 4 30
82 7r 4 7 i.r.nt N.ir.hem pf 2700 00', 81 80', 80*/,? ?, ?O*,, *0> t
Northern (?re ??b, y.O 40" , 40' , 40 40 - 39?? 40
14"?, | , ' u.nlanamo So?ar 200 12'-4 12'4 11?, 1114,? 1, ?| 1 ? _ 12
19 5 ? (.. Mo A N,? m 17', 17', 17', 17'.,; ', 17 18
40', 16 - do pf M 31', 39', 38?4 38?,? 1'4 38", 39
90', 44',? (?ulf S: M% 82?4 81 B2?4? S 82 82',
3', -a ? Htliirah,? lire 600 1?4 2 "4 2 - Ut 2
2?', 15 ? llfnrire Mf, 200 24 24 22 22?2 22 24
75 55 2 ll-.me.lake 100 70', 70 . ,? ' , 70 71
B5 70 ? llnmion n.l 1400 74 74 74 74?3 70 71
24 . 1500 23 23 22?, 22?4? ' . 22'. 23?
1400 15', 19', 19 11 ? '. 191. -o
?4'? 3',- -?.J '? 4 10'4 t', IV- ?, 9? j?,
4'4 3 4 ? Indianern. H.f - , 4 , 4 ? 4 . _ 4 4,
45 37',? |fl ; t 4:i4 40-, gaw, y A, JJ *
5 1 ? Inlerbor. l?n?.| 1600 1?, 1',, 1?, ? L 1 x, ?a?
12-, 3 ? - *-? - rf 14 !- 3? 3, '
38?? 26 2 ? In'.r Cememi 300 33 33 33 33 _ J3 34
27', 13?? In'" Mrrr Marine . 400 18'4 18?? 18?? 1B?4? kf, 1|\- 19
87?, 62'4 6 do pf UM 7j 4 75,4 7. 4 7J - 74l*
28S 20'. 2 lr. ||a? ... 1.-. _ . *
:*'? 22'?? Inter r.t Nnr.hrrn 100 24?, 24?, 24^ 28?,_ 23' 24
??* 21**"- UT YM 6'?? 1T'4 17>' 17'* 17%?- s m "h
83 60 6 d? pf 200 82 82 82 82 _ si 85
54 4 43',? lnt.r P.p.? 030 M% 52?, 61 51 -V. 81 61?.
HO ? 12',- IniinriM, li:| . 23r.0 14^4 14?4 MU IttLJ 2 ,?. - ,??
35', 24 ? Iron ProdurU 700 33', 33 .-? 1 33 14
3 ?, - I.l.nd (.,, ?00 ?4 \ H "Z_J. ", *\
22', 10 - Je?.l Tr? ?00 1g 1g ? 18 _^ ^ -?
46 ?4'? "" J ?' ,- ?. 4" . Oi ?
53', 6?-4 4 h.n. (??, Sa0,h pf 2.0 it \ ?, _ ? * ?4
* - ?"%" 3<? ?? ??? 4H SS-TM 4H 4,
2400 43 44 43 4 , , 4,i, 4,x*
600 40 40 4 M i-v 47 47?
?^ '?',_ ??".'""t.'"1 720? "* "7- 3SS ? - * ?v* m
' " K' . M? 11 16 IBM I0?A- ?? ?
174 ?? 7 ?-"r'^ 1- 138'? 138 ? 138 ? ill ! ,/.,,'
*2H s " Ltr/r,s"" "? *> "? 7? " ? :? S'
?W 43 ? I^acl?^? (.?? 400 ai 81 ?? ?1 ?, ..
MH 10 - LaA. trie ft W*mM 700 L/. L/. ?. \] ~yA % J^
Ilish. I,??? DI?. '. ?,. . .
S Ma*. M ?ales. O,,-. I ?*?*?* ?*
.44 2 ?-?? R-''b" * T1" 20? "' **
?4 56%. y, l^lah Vallar 1200 65 ' -" .
,i; M 7 Lia?. LniaTII?? - *?i m/s 10?'
117 M 7 ata pf ? ? " ' * ' * M
US n - I?*??'? i-' 1A0? 1S1? 15*? " 1V4~ " '
SS ? 1 L?" laWsW ?V. ?I I 2 ' __ .al*
13?', 10? 7 leal? ? N??h.lll? MQ MI 131 I*
104 72 I M..??r OH
35?, 15'.- M.ltln.on 3?"0 V . *? 34 4 __1*
55'. 15 7 MllllWlS Me. 800 44' , ? ??V_ <6
43 4 32 2 Manhatta? ?hlrl 100 15 4 M
67 15 ? M.r.et Si Rr prior pf MO 61'. 61', ?1 ?1 -? ?j M
4IU 224 ? M.rUri? M ?">?) 42*. 424 ?< ?" ? 41 ?
jtvT 20'. 2 Martin P.rry 800 3V , ?1?*<j '&'? M*
44'. 22 - Maih 41?.H ??rk. 300 42', 42', 42', 42',- ?2
74V, 46'?? Mas-fll Moler? 4 700 67 67 64' a 66'?- 4 6? 6?',
?1 _ ?. R MM 22- ItV, ? 21 21',
574 26',? Ma.k Tmrk 1902 544 55 UJdj ??'??? '? ?V
M M', 7 te ta? pi ..... 100 87', 67', 67', 87'r- "* M
? t 7 4. 2rl ?f 100 78 78 78 78?1 78 74' ,
?22-, 101 S M.? I'?H ?"?rea 200 115'? 115? 114', 114 . , H?
214 13', .7?M?lnt.re 1500 16 1?
2C4', 1064 12 M.?Iran Petr.l 27200 153 163', 'M1, 156',?- 6? 156'* 154',
H4 254 2 Ml.rnl Opper MO ?". M* . ? 2*4 2?*?
11 114 120Mld4l# Fiat?. M 8100 13'
? '..I? Me?l 4500 35'? 35'? 14 4 t .344
MU 5 - Minn A St I..,. 400 12 12 M?fjf ? H
34', W*\k? Meni-an Seaboard 0,1 32800 .34', .34'. ? 2'. 12 12',
32', 2?',? 4e rtfa 1700 3d? >2' , 28' , 30 ? 4 etr%
,4 ?x _ M?. K.na A Tri.? . 200 12 12 12 12 ? ' . My. 13',
NU 7',-- ?a new 900 18', UV? 174 11%" 4 IfH 1"
434 24',? ri? new pf 1600 4.'? 4" 4 40', 41
25'? 16 ? MUavasrl FMI? .3200 21 23 22 22 ,? 4 22 21
544 43',- 4? pf 100 M', . ? ; 55'r? 1a 85', 56
?a U 3 M.nlan? lower 100 70? 70? 70'? 70'?- 4 70 ltya
:?4 12 ? Manir War4 . 32C0 224 224 22', 22' t? ', 224 224
3? 1?',, ? Mall?n? Hodr 100 2."? 274 27', 274- 14 24? 28',
125 113'., 7 Nat Hiviilt pf .100 12? 124 124 114 ? 4 '24 125
44', 2? ? N?t Chati A Huit m 424 ?2*4 >?ta*?M 424? ''a ?2 *3'4
8? et 7 4? pf M ?'??<, 88'1 88', 68',- ',88 M
55t? 304? Nat Enarn A Stamp. 800 534 04 53 4 534?14 " ? 8?
103 85 6 S.t l.e.d 700 101 101 M ?9?2 ?8 , ??' ,
oa 7 4? pf 100 111 * 111 ;- 112 113
s.t Rit M?i 24 pf ?KO 44 4', 4".. , 44 4*,
1?', 13'?? Ne.ada Con Copper 1900 164 MM 1fl'4 1?i? '? '?"a 18>4
70 6*4 6 Ne? <>r. T.? A M?i. 100 67 67 67 67 ? ! , 67 68
S0 67 ? N Y Air Hr.k? Ml FI , 76', 7? 7? ? 4 75!, 77
?7', 724 5 N Y (?ntr.l 5400 ?6 96? ?44 95?1 ?5 95'?
35'? 123,? N V. N II A Hart 12500 31 314 304 |1 ? '? ??
30', 1?\? 2 N Y. Ont A Wnl . 100 25'; ?? V% 25', 26',
22', 84 ? Narfalk Southern 1O0 19', 19', 19', 19',? 24 19V? 20
IIO4 ??'? 7 N.rfelk A Weatern . SCO t"i 4 110'? 110 110 - 10?'.? 110'?
?S 44', 6 N.rth Amarle,n 2200 67? %t% 66 64'.,. ', 66', ?7
45 38 3 4. pf 2300 434 ?5 ?MM <? I 1'? *$' 1 ??
10', 3'.? 4a rlfhu. 2003 64 ? ?4 ? ? ' , ''1 ?
82', 71' , 5 Northern Parlfir M 764 774 764 774? 4 774 77!.
124 I 1 Nunnal'? , ? ?'?
14? 8?? Osais Rode Hlc-rr . 200 8, 8', 8', 8' -,? ' ? 8
?4 2*? cki? i-ro4 A laf. I7M . .24 24? '* 24 3
21', 123,? Orpheum ( Irrult 100 184 184 1?4 184' '? 18 1?4
"43>? 1-7 S oil. Hector . 200 132 132 i:04 130lfr? 4 130',, 132
16', 94? Otto Steel 8'0 12', 12', IV? 1"*? V, 11 12
384 24', 2 Owen? Mottling Marh \ 344 341?? ?4 35 36
141 a IV_? PaatMa Pieilsg M0 64 64 64 61 ?? '? 6', 64
74 624 5 l'acilli (.a. A Bal , 300 694 ?"S ?9*i ?" - ?70
694 ?<4 3 Tariftr Oil IHM 57 57 55. 'a 6?
M-, 4?4 ? Pan-Araer Petrol ... HMO 73 73 , "a ? 70',
82, 44 6 4a D 4200 67 67 63', 65'?? 14 85
44 t 33? 2 rmn?)lv.nla R K MM *- s 41 4 4? - i ,- 44
134 64 ? Penn K??bn?r4 H(?wl 600 8', 84 84 84- 84 8*,
68 694 i People'. I.aa A (?ka * X) 83', 84 834 84 ? ', 834 84
244 Mf4 ? Pearl, A Kaatern MO
?4 , '9 l?r? M.rquett. . MO w ,. 32', 4 324
78', 63 5 4o prior pf . ? ? 77 78
71 5C', 5 do p( . 300 70 71 70 71 ? 14 70
Philadelphia Ct) .... 200 38 ''S'? 38 3"' ??
5? ? 28 ? 2 Ihillrp. letr.legm 22100 40 48 , 45'? 4f, ,? 14 46
?'.? , 4 1 -- Pit.W|, ?lar?, . M , 41 41
244 13',? Piere? Arro? .. ?00 18'! ? HYg? r.
41 274? de pf . 5<-0 36', 36', J? 2? ? !, 35', 3*',
'2 7 ? Pierre O? . 900 ?4 84 ' 8 84- 8 8 ?
71 3? ? 4? pf 47 47 4.' ? ,
61 M4 6 PltL.bur.-h ( "?1 HO ?V ? 6'- ? 81 64 ? 4 6-.
.-; _ p,,,? | ?Taal Va ' . 384,? 4 334 384
C4 IV. Ponl ( re?k ( o.l MO I ... 22
86 66', 5 Pontura ( cr?ai 300 78 78 77 . 1 ,
11V, 105', 8 da pf 600 1C8
834 63 ? Pra?.?#4 hu?l ('..r .- 1 77 78
M r? . I Pfl A It-fir.?-. 1 40'?
? I 64 I Pa' lan I -r I ?? l MC MV| 86 85 85', ? ', 85 854
-5', 8 Pullman ( .. ?CO 121 121 120 120 ?1 119 .
. ^04 ? Psnta Aterre Sutar . 100 41 48 48 48 ? >? $1%
384 29'/, 2 P.r? ?tl 2100 30 30 294 29',? ', tw%
'8 8 do pf 200 98 ? 98? 98', (8,? 4 ?8 ?(
1044 ?4 8 R?:l-a. S'??l Kprln? 100 IM ? 100V, 100', 100'-? >, 100 101
2?', If H 3.41 Rand M,n?. 6-?0 28', 28', 274 |7???+ 'a 274 T8
Rar ("on Copper .... M0 \t> , 16',? ', 16', 164
824 71', 4 R??dinr MO 76 76'? 754 754? S 75', 76
57 43 2 d? 1?t pf .100 52 52 52 52 - 52 52'?
59!, 454. 2 do 24 pf .100 52\ i 524- 6<\
48V, 43 1 Remold? rs II 1100 46 4 46'4 46', 46'4? ? 46'4 464
42 24 ? R.minilfn Irpewr MO SI ,35
11 26',? Replo?|. St?e| 700 32 32' 4 32 32 ?
784 44'/? ? Repufa Iron A Steel . 13X1 72 72 70', 71 ? V , 7'
4 ? 4o pf ' ' > 93 ?3'? ?24 ?24 ?
14', 4',? Rapaallr Traek 1 10',- 10V,
47 47', 5.20 Rot.I Dutch MM P 1 '?'? So' , t6',
31', 294? Bt l-ool? A S V 6O0 284 23', 28', 28.? 4 2a
52 36 ? d? pf 200 M 50 49', 49 . 61
324 20'.', ? St 1. A 8?silh?eatern. 1200 30 30 284 23 4? 4 2}
M 324 ? da pf 200 44 46 46 46?1 46 4?> ,
'. 1",? ?anta Cea-illa ?afar 300 44
244 1V,? S???,. Arm. MO 14'? '.'-';
5 ? V , ? S.i.n Motor. '
10 a?H? Heabaard Air I.lno MM M M ? 7',
144 SV,? 4? pf . 1000 124 12', M ? llV?r- '? 1 4 12',
80', 6?4 ? Batn Rawbock . 503 7/4 78'? 77 77?1 77'/? 774
23'? 104? B.net. Copper . 700 13 13 MM 12'/?? 14, 12, ?2'?
12 1\'s ? Shalturk Arnona ... 200 ,0 ? 104 10'? 104? ', 1: ? 1 ',
48', S54 .83'/,8h?ll Tr A Tr. 200 4V, 414 4' ,4,-4 404 *" 1
314 184 2 BlneUIr Consal . 243" . . . , 3'4 32 ?? ?, 32 32'?
84', 34,? Sloaa-nhef fit! A Iron 100 43 46 45 43 - 44, -o,
77', 65 ? 4? pf 200 75 75 73 75 ? r% 74 7?,
H ? 43 ? Ka Parte Rie? 8?i?r 10O 51 51 51 51 - ' 49 53
24 17 ? Spleer Mff 2 , 19", 19',? 4 1? 1n4
134 28', 6 Southern Parlflt .... 1403 90V, 90?? M M ? 4 M 90'?
254 17',? Routhern R R. 2200 244 24', 24', 24'?? ?, 24 24'.
61t, 454 ? d? pf . 1C00 57 574 67 57' ,? '4 57'4 5,'j
55', 45', 2'', Blerllnf Prodart. 4' - ', 53'', 53?.,
121 914 4 ?land Oil of Calif.. 157' | 103 IO3I4? 2', 103", 104
1984 189 ? f?!?"?1 M of N J 1400 182 , 1621 , 1M'4 181 ? 3
11?4 1134 7 do pf 600 116', 116', 116 116',? 4 116 116'
M 68 7 Maas A Tube pf . 100 81 81 81 81 * 1 80 84
?54 24, 3 M?..rl W.rner MM 4'.'? 4:'. ? 4? '4 44 44',
59?, 35'?? Htromherc ? arb .... 500 47', 47, 46", 47 ? 4 46 47
?V, 7 Btudebaker 5534? 137', 1374 1344 131 ?1 136 136',
84 34? Rul.m?r;n? llo.t . 12C0 7', 74 7?, 74? 4 74 7',
' , "a? Superior Oil 1000 64 64 64 6'aj- C4 7 '
5 3 ? Ssrevts (a . 100 3' , j 34 3' , |
I ? Temtnr A 100 2 2 2 2 - 2 2' ,
52 38' _ 4 Tes.? (.ulf Snlphar . 8C0 47 47 464 *7 - ?64 47
50', '42 3 Teiai (o 17200 464 MJ| 434 46'?? 4 44'? 464
36 24 ? Tex?? A I'.cile 200 30 33 23', 29' /? '?? 29'? 29',
324 23 1 Te, P.? (o.l A Oil MM 2/, 27', 26', 2t '. , 27
254 14 ? Third At? 1XI 22 22 22 22 . .' '? 22
?O', 79 6 Tabarra I'roda.t. A. 2600 80< 4 BO4 79 7)',? V, 79', 79',
S3", 14 ? Toi. Ht L A Weal B. 100 M' 4 50?4 50'? 50' ?? 24 ?50 53
&C4 22 , ? 4? pf II 230 48 48 48 43 ? V, 48 4?
aW/a 7',? Tranteenllnenlal Oil 25200 16', 17', 154 16 ? ',, 16 16'4
23 17'?? I nlon Oil 47.0 2!', 2", 2? 2 ',-? ', 2V , 2V,
1444 125 10 I nlon P?i-|nr . 200 141', 14V, 141 141 ? ', 1404 141
764 71, 4 4. pf . 500 75 75'? 74', 75'? ? !? 75 75'?
103 M 7 I nlon T,nk . 300 M M ?9 M - ?7", ??
1074 102 7 4? pf Ml 167 107 107 107 - 106', 107
?1I4 2o 2 I nited Allor Steal 100 38', 38', 38', 38",- 18' 4 38',
1?4 7',? I nlted Rr In 6^0 12, 12', 12- 12 ? ', 12 12',
7' a 43',? Inlted Retail Store. 2100 67'? 68 67', 674? ?a 67', b"'4
384 16', I'? Ca.t Iron P A F 400 32', 32'- .- 4 32 32' a
M 5 do pf - 47 ?7 67 67 ? 4 66 6?
" . Ml ? 'H r??4 PradarU .
23', 214 - I 8 H..ffm.n Maeh 2C00 23', 234 My. 2.3',- 2v , 2'4
M 37 - I ? Ind Ali-ohol 900 574 674 554 54 ? V, 65", 64
?7 MM 7 do pf 100 ?3?? 934 ?34 ?34? '? ?2 ?5
17', ?14? 1 8 Ruhh?r 1200 62 62 614 614? ', 6V , ?2
103 4 ?2 3 18 Steel 8500 100', 1004 ??', ??*,? 4 ?94 pj'j
122 114',, 7 4? pf 700 12i>\ . , 121 ? !, 120', 12V,
110 107', 7 18 Tohaee? pf . 100 107', 107', 107', 107',? ', 10?'? 10?1?
??? MS 2 I l.h Copper ?.TO 444, 65 64 64?,. i, ft 644
1?4 ?4 ? I tab See ( ?rp '0C 164 164 16'? a 13 17
61 3C , ? V.ntdl.F? (orp 23CO 46', 464 *?4 44?, V? 43, 454
M*i 27' 2? Va-lar (hetalr.l 400 30*? 304 304 304- ',? 30 30",
82 65',? 4a pf 450 654 ?34 ?51 , 65',- 65", 64\4
?4 , 43 - V. :r.n. (o.l A ? ak, 20044 41 41 ? 41 - I 4-8M
14 ?',? M?,b4o? 500 1V, 114 IV, 114- ?if^ 12
1?4 6 ? ?.bath 200 124 124 12>, 12'?- ', 12??, 1J
34?H 1?', ? do pf A 1700 324 324 3'4 314? 4 S14 ?2
2* 13 Wet? Maryland 24 pf 100 1?', 19', 19', 19',- ??1 1?l.
244 134- Wet.rn Paelie 100 1?', 19: , 1?', 1?'?- 1? 4,91^
103', II 7 Maataara I nlon Tel 1400 100 103', 100 103',? 3", 101 1C4
?4 ??',4 Wni Mff 11.0 M M4 6?4 5?4? ', 5?\4 40
MM 6 - ?Vk^lln, A lake I 20? 14 14', 14 14 - 4 SB U'.
?14 .5', 4 ?bit. Mour. 100 48, 48? 48'? 48 ? . '?48 48'
2?', 24 2 WbJt. r..?l. oil M0 17', 27', 27 27 - '? 24A. 2"'
114 74- wkite ou nm 84 94 84 ?4? 4 ?I. 91?
2'4 13 - TTlrkarlra ?.penrfr ?711 1100 11 1? 154 15l._ 1. ,.,? i,,,1
lu ??'?" ***?*+* '?o .4 ?. 84 .4?4 ?4 84
*??? 2? - <U Pf 400 464 49' , 444 454- 45 45?,!
17 . 64 7 WllaaM. C, pf 200 17', 87". 86 M ? 1 18 ?O
654 414 4 W^klytas. P A M 200 M'. 60-.' M M M 48', M
M 01 7 4* pf A. 100 ?1 , 13, ?1-, MA_ * ??* ?I
?V. ? ? Writrk.A?e? mo .y. ,; ?j 9?>^Z "?- 1H
In Wall Sind
lAtrr Hrltl?h Bank Rat?
Annlvsi? Of rr.n-litirins in the PfUl?!
? Tared convincing evi?
dence fttttt?tf th?t the cut in thi?
Rank of KngUnd'i rat* from 8W
Prr * ? Of l?**k Justification;
rieverthfle.s, O.e event oeC??ioned
? orne surprise m the financial 'I
I the re.lnrtlon it
! fr-im the posslbl? Wifl'ie
the Rank of England? , on ?he
New York Federal Reserve Hank r?l<"
The Iftl -*-i '" ? l"*r
?h, ?nd has
already demon?'r ited its
n tlie opinion of ninny bunker.
.m*4 ?" ?-"
New Y-rk
i ?fain fellow th.- Bi
. - ? , . ? ?... r. ,- ff not.
'
| ? full poir.? ?? compared wltn
.? tinrre.-.
? entail miiny disadvantages. Hy
..t ? lowering of th. rate
?tit, IH tk? HfM "f ??M money 110
position here, would merely fir
? ? .?? frnm Washington
.1 dii
,f views tl
\ I edrral Rese?e M?nk f'u//l??
The director? of Ok* Ht* York Fed
eral Reserve R?r,k professedly are
! in their .
t ha? been indi r.h the
,-nentnlity of tit* mon'hly review
?
?termining factor in th?ir decl
snotksr reduction i* in ?
inaimueh a* the ?-.uni? rate, on
rri' bill? and on certif?cate?, is almost
1 M r .-. r f below th? red
rate and between the
open market rate? for commer?a parier
? S' Nth Kx hange
collateral has h.-en much m
maintain* -i
An apparont anomily
il obiervable h? r I r? pre?
sumably ?re guided by one let of IBttfl
and the- rediscount rate fluctuai?? in
wi?h a i< If il a
puzzle that the firanc al district ha>
? been able to lolve.
Mnnt ? Salvador I ?an Option
The appearance of the middleman in
a foreign loan negotiation or-urred
yesterday when Mirvr r. Keith an?
nounced that the National Anembly
-
July 12 appr-ived a cmtrar*. for an
.
Reno K'llh.v-ier
: hir.nelf. Proceed? of the
loan, ? . : by customs
ira to be employed for
f or 1
bank loam, for paying
,'ovemment ompl*
iad conitr.
:1 the
loan to a group of New York bankers
Ing.
I v. hange Seat
?enior partner of
of th- e May
1*. 1999, has sold his memben'r ip to
?
II sale
lili has two
partner? on th- T. M
Talmadge jr. "? k A
few months ?go Mr.
s? o , .- , and
that action wat made
'. to ?siue a
... i long
?
Mexl.cn Seaboard on "Big Board"
the temporary voting truit
Seat?i and th*- stock ?
Company were I
In on 'or the flnt
time yesterday folio? iiiap
pearance from tie Curb, an,I
issue? hsd an active market. Afta?
? g at higher pr It the
.
clos., -a-i more than loit
.-arlier gaini, th" steaek show
i net decline of l'i an.) the cer
? ? breaking IS to .10. Th
. -ment, file i .
? -I net prol'.ts for tne
I em*d May Si
f'Aah on hand amounted to $2.
MnfTat Road Reorganization
According to reports current? in the
financial dTatrict yesterday plan? are
under ?M'y for the reorganization of
the Denver A Sa'.? Lake. t>>e so-called
Moffat road. Security holden, It hai
?uggested. may be aiked to con?
tribute ?2..ri01,000 new money for meet?
ing the road's liabilities and establish?
ing working capita!. Th? road w.ii
at a eoit of a, proximate'v 311.
000,000 by th? late Dsvld MotTat and
ha? already gone t/.rou*?h one reor
ganixstion. The company lecured ?
loan of $1.000,000 from th? govern?
ment, ?rkiek accepted a* ?ecurity an
issue of receiver's r?rtideates. The
funding of thii loan, it ii itated, will
he eonsidtrtd in connection with the
reorganization.
U hat's Behind
Active Stocks?
4-*?D? L. (V W.
The De'.aivare, I..-.ckaw?nna ?
Iroa.i is capitaliied at
? >00 and has a funded
only $320,000. This unusual t
by th?.
fact that the Lackawanna is an as
? in com
lividnal railroads leased
l-y thr I/irk;iwanra for long p?nods
?Ad assembled into a eon-.plete unit
Tk? I.ack.-iwann.i
lecoives the op* rating income, payi
.ill expenses and gives tin? |
)f lease) rond m curities a stipu
l.ited rut* of dividend Of interest .11
a rental. The income statement thui
the usual deduc
mat on funded debt an
item entitled "In'- * ntali."
The eiiuily for ti .
of the narent company la lometiCn
an the earning power ?f t i ?
leased properties. Arc, i ?injr
r SI, 1921. balance iheit
;?a?vanna hud r. .1 and e..,np.
ment of its own worth $32 ?
improvement! on leased property
valued .' $1-' ,.,,., In?
vestments carried nt Jl.
total of $224 i-nor to last
year the company had valuable coal
properties, but on th? Supr?m?
(?urt's order these were told to the
Glen Alden Coal Company for $60,
000,000 of the latter company's 4 per
cent bonds. The Lackawanna was
chartered in 1K49. Dividend! have
been paid on the it>cl? in every y?ar
?<-ept the period 1857
fil,- tjje year 1S71 and the p?riod
lei<7-*7?. The par value of th? ?tock
From 1.IP.S Up t? the decla
istion of a 100 per cent ?to?* divi
lend in August. 1921, the ?tock re
'elved 20 per cent annually, but in
Iff? the total c*!h payment was 70
>er cent. The regular rat? on the
?tock is now $?, or 12 per cent. An
BMt was paid in Janu
?ry, 1922. Range *.f itock ?inc?
1910 ipncei ouoted on a dollar
???ii and adjusted to allow for 100
>er eent ?tock dividend): High, 103
in 1910; low, 60 in 1916. Yesterday'i
doit, 129H.
Liberty Bondi
inri
Victory Notes
Coupon W RetitiereJ
TsrA?. ??MMpss?!
Rhoade$& Company
27 Will,,?. .
N.w Y?.k
First Mortgage
Security
Yield over 7.10%
We ?re offer .ig load, ?( , a__
pany
'?? ?ai estsb
itl.e I ?aj ! -, - asjaj ia lodarf 4,
Urgen - - 0f ibitii
K?rn ." - ? ... tieeee -g_,
have net t?m
I,met stiere? ? 7-1 aet '?attAt?
a,.?'1 ... -? ,. ?'?'i oaa-iSalf
.U - :e ? .Jebe TL_
le.n'll ??- ? I ,?-? ^n
lively (
Dttat'i on /??;t/?al
Ogilby & Austin!
I4I ?KO/ -' ' VVrifftf
Tin.r.i'iioNK MJRMJ mm
Rrtfl Mortgage
Bond
secured by moiern .l-iter)
Chicago office t. ; diag utv
in th? heart of th?
"Loop." Th? rrouo?] ties?
is valued at IM ' or tai
?or..! Isa?? The build?
'?irmorly known si tie
Mason i<- 'iVmple
has been appraiserl at rrvtf
000, m add it or. '.? 1
mil. un dollars r.- lag ip?at
in improvem?nts.
Teure ?Mad >i.irk?'iible
VI'e recommend these
bitnd? for im rtimrnt; at
par and ?ntrrrti they
YltM <>.:><)%
a
Write for d?> ,M># rief?????,
A
P.W.Chapman&Co.,t
115 Broadway
New ? or?
116 So I.NiJU il 1
( h, ?jo
:-i ? -? oc
J) Central Aguirre Sugar ?
\[, Fajardo Sugar J
ni Federa! Light Ox Trivet?* ?j
| Royal Bakina Pov.rJa Co. J
Singer Mfg. Co. ' 1
0 Alabama Trac. L. & P. k, O ?
5 Bell Tel. of Canada 5i. 1923
Q Cedar Rap. P. Ac Mff- 5i. '53 \
Montreal Tramway 5i. 194' ,j
Ontario Power S?, 1943 |
;, P. S. of N. Ill.noii 5'/2?. 1962 !
I'rU.ite Hire? t?r
K-, CHI? \i-.0 MOST!? 41 TOaWiTO ?
liiiwill oiiiii: IULLU. IM. ?
.a*
I
5
\J*mt*. a WT ?OC?t?C4S4??atall W
? _,
' A NU .\
lS?o
COITO? I.XtlLOti?
A Safe Investment
Yielding
5'.
o/
C*brtS4fT?,'?tivi? investors ?rill t?
Well M tttSm t r 4 oaftj Ol ???
interesting new booklet.
" The Guaranteed Wtty
To Independence "
If explain? all ?boat ouf ?"-??*??>
antceJ rita Mortgages yiei^
HOME TITLE
INSURANCE TOM?!"
Gtsptd mi Smftatt 0%er it,}****
51 Willoughby Street, Brootij?
IVaak o? ManliaiUJi l?kktt'J?na. \teettt*
Willys Corporate?.
8% lot Praf.
JioapAl, ?o.'al a?4 Q*****
C. C. Kerr .4 C*
2 tetter St. N. Y. Vkem* <7M ?*?*?_,
mWMWMPWrWr 'If i 'I'M
New York
Trutt Company
CLINTON GILBERT
2 Wal Sara?* ? Y. Tel ?MM I*-??
