New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 06, 1920, Image 16

Search America's historic newspaper pages from 1756-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more

{
                  title: 'New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 06, 1920, Page 16, Image 16',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83030214/1920-01-06/ed-1/seq-16.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-01-06/ed-1/seq-16.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-01-06/ed-1/seq-16/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-01-06/ed-1/seq-16/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

New-York tribune. [volume], January 06, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

Image: of 24.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.8 MB)

New-York tribune. [volume] (New York [N.Y.]), 06 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-01-06/ed-1/seq-16/>

Newspaper Page Text

PREFERRED*
STOCKS
FOR
JANUARY
FUNDS
We recommend the
parchase of sound
issues of industrial
preferred alocua.
yielding 7% to 8%.
Send for Circular
M-53.
Merrill,
Lynch
& Co.
Investments
Commercial Paper ,
120 Broadway
New York
Members Ne* York Sioc* Exchange
! Louisville & Nashville
Atlanta, Knoxville &
Cincinnati Dhr.
Mortgage Gold 4s,
due May 1, 1955
A direct obligation of the
; Louisville & Nashville R. R.
) Co. and, subject to certain prior
> liens, secured by mortgage upon
i 931 miles of road and trackage
rights extending from Cincinnati,
I Ohio, via Knoxville, Tenn., to
| Atlanta, Georgia, including the
terminals in Cincinnati and At
i lanta.
Description upon request
Price to yield 5.55%
IR?dmtmda?a
Members New York ? Pittsburgh
Stock Exchanges
33 Pine St New York
Union Arcade Bid* Pittsburgh
L-:- ?
FROM time to time
we issue' circulars
which carefully analyze
the condition of leading
American industrial com?
panies over a period of
years. Our recent analy?
sis of
Allis
Chalmers
Available upon request
I Coggeshall & Hicks
| Uen.bera Nevo York Stock Exchcno*
j 128Broadway 203 Wet179th St.
New York
We have prepared a booklet
dealing with fundament?
als of interest regarding
The New
Railroad Legislation
and
Railroad Securities
WITH SPECIAL REFERENCE TO THE
Chicago, Rock Island
& Pacific Railway
Copy en request
)
Hartshorne & Battelle
MEMBER*
NEW YORK STOCK EXCHANOB
25 Broad St., New York
THOMSON
AND
McKINNON
42 Broadway, New York
200 S. La Saue St. Ckicafo
FfetcUr-As. Nati 01i BU*,, UdUaasoli?
During the Season
Bellen lew Hotel, Bellealr, Fla.
ffow York Btoek l'?chang?
V*v> York Cotton Ktvknmee
Member* New York Pro?ucn Umhang*
ol Chicago fttoek Kichang?
Chicago Board of Trau? I
v;tn*lp*?, (?rai? Xzchong*
DIRECT PRIVATE WIRES
Mark A. MoMo Tkootfev? 0. Corwta
NOBLE & CORWIN
a ?***d *t. Mem Sor?
[GtMirantyTr.Co. Thom^Star.CotP
I NatXity Bank Nfles-RementCom,
VtUnjtum? tilt ?roma
Prices Go Lower
In Erratic Market;
Money Easy Again
Early Strength Followed
by Sharp Decline, but
Drop in Money to 6
Per Cent Causes Rally I
The stock market yesterday drifted
in the tide of opposing speculative
operations, with results rather unsat?
isfactory for all concerned. Prices
swung up and down in erratic fashion.
While there was no very pronounced
trend, most active issues sustained
relatively small losses.
At the opening considerable strength
was displayed, not a few stocks?nota?
bly United States Steel common?reach?
ing new high prices on the current
movement. But the buying which pro?
duced this advance appeared to con?
sist of nothing more than the usual
week-end accumulation of orders, and
when these were filled, which took only
a few minutes, prices began to slide
off. Heavy selling by a large pro?
fessional operator and speculative
cliques which are credited with being
short of stocks was said by some brok?
ers to explain in large degree the re?
sistance which was offered %each time
prices showed signs of strength.
Whether or not this was the real ex?
planation, there was superficial evi?
dence that some one was, in Wall
Street parlance, "fighting the market."
Realizing pales were an important facr
tor. v
Fears of another money squeeze were
partly responsible for the early weak?
ness. The weekly ?statement of the
Federal Reserve Bank of New York
showed the lowest ratio of total re?
serves to deposits and Federal Reserve
note liabilities combined on record. As
this figure is now generally accepted
as tho barometer of stock exchange
noney, it was widely believed that
rates would soar in the afternoon. An
opening and renewal rate of 10 per
cent and a further advance to 12 per
cent made this view seem the more
plausible for a time, and consequently
there was some disposition to reduce
commitments on the long side. There
was a veritable scramble for money at
the start, but brokers were surprised
to find that, once the early rush was
satisfied, the supply of funds was more
than enough to meet the demand. In?
stead of advancing to 20 or 25 per cent,
as many had predicted, the rate dropped
to 8 per cent and finally to 6 per cent,
at which it closed. This decline
brought in enough support to check
the reaction in stock prices and turn
the general course upward.
, Failure of the Supreme Court to ren?
der a decision in the stock dividend tax
case caused some selling by disappoint?
ed speculators who had been carrying
stocks in anticipation of a favorable
outcome of the case. This selling,
while not inconsiderable in volume,
was soon completed and doubtless left
the market in a stronger technical posi?
tion.
The bond market was less active than
it had been last week, with prices gen?
erally firm.
Money and Credit
There was a substantial demand for
money yesterday, and the opening and
renewal rate for call money was 10
per cent. After the needs of the ma?
jority of the brokers had been satis
fled the rate eased off first to 8 per
cent and later to 6 per cent, which
was the rate at the close. There is
still a great deal of uncertainty re?
garding the course of the money mar?
ket over the next few weeks, and as a
result there is as yet little disposition
on the part of the banks to put out new ?
loans for the accommodation of brok-1
ers. They want to see the call rate at j
a more stabilized figure before lending
at maturities running from sixty to |
ninety days.
The ruling rates for money yester?
day, compared with a year ago, were j
as follows:
Yester- Year
Call money: day. ago.
On mixed collateral.. . .10 5
On industrial collateral.. 10 5%
Time money (mixed collateral) :
Sixty days. 6% 5^?6
Ninety days. 6% B^@6
Four months. 6% 6% M
Four to six months. 6% 5%@6
Bank Clearings?Bank clearings in
New York and other cities yesterday
were:
Exchanges. Balances.
New York.. $678,935,443 $112,991,671
Baltimore .. 16,834,914 7,950,367
Boston _ 65,580,108 25,793,458
Chicago .... 124,324,866 8,347,476
Detroit .... 21,356,493 5,530,294
Phila . 94,409,037 19,532,793
Pittsburgh . 28,754,726 10,103,352
Sub-Treasury?United States Sub
Treasury debtor debit balance, $307,
903; Federal Reserve credit balance,
$111,534,264.
Silver?London, 76%d; New York,
$1.31. Mexican dollars, $1.01%.
?
The Dollar in Foreign Exchange
Net changes in the foreign exchange
market yesterday were slight. Sterling
was quoted at the same level as on Sat?
urday, but French and Belgian francs
were slightly easier. Lire were steady
and marks a shade stronger.
Yesterday's rates, compared with
those of a week ago, follow:
(Quoted dollars to the pound.)
Week
Yesterday, ago.
Sterling, demand. $3.7850 $3.799
Sterling, cables . 3.7950 3.7987
Sterling, sixty'days... 3.75 3.7450
Sterling, ninety days.. 3,7350 3.72
(Quoted units to the dollar.)
Francs, checks . 10.78 10.72
Francs, cables . 10.76 10.70
? Belgium, francs, chks. 10.80 10.52
: Belgium, francs, cbls.. 10.78 10.50
Lire, checks . 18.27 13.15
Lire, cables . 13.25 13.13
Swiss francs, checks.. 6.62 5.60
Swiss francs, cables... 5.60 5.58
(Quoted cents to the unit)
Guilders, checks . 37.50 37.60
! Guilders, cables . 37.625 37.625
Austrian crowns, chks. .55 .69
, Austrian crowns, cbls. .57 .61
Sweden, checks . 27.50 21.10
Sweden, cables . 21.60 21.50
, Denmark, checks _. 18.95 19.85
' Denmark, cables . 1JK.05 19.45
Norway, checks. 20.25 20.30
; N'orway.'eables . 20.35 20.40
j Peseta?, checks . 19.05 19.20
Pesetas, cables . 19.15 19.30
? Mark?, checks . 2.00 2.07
Marks, cable?. 2.02 ?09
? Greece, check?. 15.00 15.10
i Greece, cable?. 16.10 15.15
Manila, checks. 48.1!, -i8.7."i
Manila, cable?. 4ft.00 49.00
?India, rupee?, checks.. 44.75 45.75
; India, rupees, cables.. 45.00 46.00
?Japan, yen, checks_ 50.75 50.70
Japan, yen, cables. 50.90 50.90
Argentina, checks_102.40 102.40
' Argf-ntina, cable? ....101.90 101,99
| Brazil, Kio, check?_ 27.75 27.75
Brazil, Kio, cable?.... 28.00 ??8.00
Czecho-Slovakia, chks. 2.8 :\8
Pari? Market Strong
PAR?S, Jan. 6^ Price? were strong
on the Bourse to-day. Three per cent
rent??, 69 franc? 26 centime?; exchange
ail London, 40 francs 75 c?ntimos; 5
I r>*rr Mitt loan, HH francs 85 centime?.
j the dollar wa* quoted at JO franc? 76V4
i centime?.
' Summary of Stock Exchange Dealings
Stocks
Day Year January 1 to date.
Yesterday. Before. aro. 1920. 1919. 1918.
Railroad? . 114,900 48,100 101,700 326,900 515,600 1,141,200
Other stocks . 1,181,400 827,400 394,200 2,108,500 1,416,200 3,126,900
AH stocks . 1,296,300 875,500 495,900 2,435,400 1,937,800 4,268,100
Bonds
Yesterday. Day htta?e. Year aro. 1920. 1919.
V. S. government .$10,044,000 $6,642,000 $5,558,000 $27,114,000 $32,689,000
Railroads . ?1,846,000 1,021,000 2,021,000 4,984,000 7,461,000
Other bonds . 2,206,000 1,261,000 1,894,000 5,601,000 5,998,000
All bonds . 14,096,000 8,764,000 9,473,000 37,699,000 46,148,000
High. Low. Div, Net
1020. 1920. Rate. Sales. Open. High. Low. Close, chge. Bid. Ask.
33% 32 ? Adams Express .... 600 32% 33 32(4 33 - 32 33%
45% 43%? Advance Rumely ... 1200 45*8 45|/2 43% 433/4?1% 43% 44%
88% 83 ,6 Ajar Robber . 3200 88% 88% 87% 87%+ 1% 86!/4 87
2 1% ? Alaska Gold M. DO 2 2 2 2 - 1% 2
2% 2 ? Alaska Juneau . 500 2% 2% 2 2 ? % 2 2%
53% 60/4 ? Allis-Chalmers Co .. 8600 52 53 50% 52?1 62 52%
46% 46 3 Amer Bank Note.... 800 46 46'/4 46 46 + % 46 47
94% 91% 8 Amer Agr Chem.... 1000 94% 94% 93% 93%? '/8 93 94
95% 94 8 Amer Beet Sugar... 800 95% 95% 94% 95 ? % 94% 95
93 ?3 6 Amer Beet Sugar pr 300 93 93 93 93 + 4% 93 95
128% 116 8 Am Bosch Magneto.. 1400*118(4 118% 116 117 ? 1% 117 118'/2
7% 5% ? Am Bosch Mag rts.. 4100 6% 6% 5% 53/?? 1% 5% 5%
61% 56'/4 ? American Can Co.. 26700 61?4 61% 59'/2 60%? 1% 60?/8 60%
101 100% 7 . American Can Co pr 900 101 101 1003,4 10034? % 99 100%
143% 139 12 Am Car & Fdry Co. 800 142% 142% 141(4 1411/4? 1'/2 141 % 142
116% 115 7 Am Car ft Fdry pr.. 100 116(/4 116'/4 116'/4 116%- 115 116%
64% 50 4 Am Cotton OU. 700 54% 54% 52% 52</2? 1% 52 63
12% 12 .80 Am Drug Syndicate. 5600 12% 12% 12'/4 12%? !4 12'/4 12%
30% 29% ? Am Hide ft Leather.. 3000 30'/4 30% 29% 29%? % 29% 29%
122 119% 7 Am Hide & L pr.... 3000 122 122 120 120 ?2 120 120?/2
47 46% 4 American Ice. 300 4634 47 46% 47 + % 46'/4 47
120% 115% 6 Am Int Corp. 21800 119i/2 119% 11534 117'/2?2'/8 117% 11734
77% 75% 3 American Linseed... 1200 76% 76% 76 76'/s? % 75% 76%
105% 100% 6 Am Locomotive. 11600 105% 105% 102!/2 103 ? 2 ?4 103 104
104% 104% 7 Am Locomotive pr... 200 105% 105% 105% 105%+ % 105 105'/2
44 41% ? American Malt . 300 43 '43 43 43?1 43 47
30% 27%? Am Ship Com. 9100 30% 30% 28% 29?,8? % 29% 29(/2
72 69% 4 Am Smelting . 5900 71% 71 % 69% 70(4? 34 70"/4 70'/2
98 97% 7 Am Smelt pr. 20Q 98 98 98 98 - 98 99
11534 110?4 8 American Snuff _ 200 H534 11534 115% 115%+ 2 1109 116
45% 44% 3 Am Steel Foundry... 4400 44% 45(/2 44% 45% + Vz 45 45%
140% 138% 7 American Sugar. 1900 139% 139% 138'/2 139 ? % 139 139(4
118% 118% 7 American Sugar pr.. 300 118% 118% 118?? 118%4- % 118 119
99 97 10 American Sumatra... 2200 98% 99 97% 97%? % 97(4 98
283 278 20' American Tobacco... 1200 278 283 278 280 +3 281 284
62 52 6 Amer Tel ft Cable. 200 52 52 52 52?1 50 66
97% 96(4 8 Am Tel & Tel. 4000 97(4 97% 97 97(/4? % 97(4 97(/s
74% 71% 5 Am Tobacco Sec. 32600 73% 73% 71'/4 72(4?1% 72 72?/j
97(4 97J4 6 Am Tob pr new. 300 97% 97(4 97(4 87(4- 97 97(/s
165(4 164 7 American Wool .'... 12100 161 161 154 159(4?2(4 159 15934
104% 104 7 American Wool pr... 400 104(4 104(4 104 104 + (4 103(4 104*4
61% 66(4? Am Writ Paper pr... 3200 61 61 69% 60 ?1(4 60 61
18% 17(4 ? Am Zine & Lead_ 2800 18(4 18% 17?4 17%? 1 17(4 1734
66(4 66(4 6 Am Zinc & Lead pr. 200 66(4 56(4 56(4 56(4? % 66(4 68
65(4 63 4 Anaconda . 8500 65(4 65(4 63% 64%? "4 64(4 64(/?
19 19 ? Auto Sales . 200 19 19 19 19 - 18(4 19
6(4 6 ? Assets Real. 200 6(4 6(4 6(4 6(4+ (4 6 6(/:
67(4 61%? Asso Dry Goods. 3200 65% 65% 64(4 65 ? 34 64(4 65
85 83 6 Atchison . 5600 85 85 84*4 84%+ (4 84% 85
82 78% 5 Atchison pr . 500 81 81 80 81?1 80 81
8 7% ? Atl, Birm & Atl_ 300 7% 7% 7% 738? % 7% 8
92% 90% 7 Atl Coast Line. 4?0 92% 92% 92% 92%- 91 93
176(4 167(4 10 Atl, Gulf & W I.... 2800 17534 176(4 173 173(4? % 174 175
72% 72(4 5 Atl, Gulf & W I pr.. 300 72>/2 72(4 72(4 72(4+ 1 70 73
120% 112(4 3(4 Baldwin Loco Co_ 42600 119 120 115% 11734? 3 117(4 117%
102(4 101(4 7 Baldwin Loco Co pr. 100 102(4 102(4 102% 102(4- 101 101/;
33(4 32(4? Baltimore & Ohio... 2000 33% 33(/2 32% 32%? % 32(4 33
48 47 4 Baltimore & Ohio pr. 900 48 48 47% 48 + .% 48 48(/:
134% 132 8 Barrett Co . 3300 134(4 13434 131 132 ? 2% 132(4 133
111(4 111(4 7 Barrett Co pr. 200 111(4 111(4 111(4 111(4+ 2 111% 114
1% 1% ? Batopilas Mining ... 900 1% 1% 1% 1%- 1(4 1(/?
31% 29%? Beth Motors ..*..... 7600 31(4 31% 29% 30 ?1(4 30(4 30?^
102(4 96(4 5 Beth Steel, Class B.. 34100 102 102 99 100(4? 2% 100 100J/,
114 112?4 8 Beth Steel, 8th pr... 200 114 114 114 114 + % 113 115
93 93 7 Barnett Leather pr. 1300 93 93 93 93 + 1(4 93 94
12% 11%?- Bklyn Rapid Tran.. 3600 12(4 12(4 11% 11%? % 11% 12
7% 6% ? Bklyn Rap Tr ctfs.. 1500 7 7% 6% 7%+ % 7 7'/
6334 62(4 ? Bklyn Union Gas... 200 53(4 63(4 63(4 63(4? (4 52(4 54
13(4 13 ? Booth Fisheries Co. 2000 13(4 13(4 13 13 ? (4 13 13J/?
120 118% 10 Burns Bros . 1200 120 120 120 120 +1 118 120
9% 8% (4 Butte Cop a Zinc... 5600 934 934 9% 9%+ % 9% 9?,
27% 26(4 ? Butte & Sup Copper 4400 27% 27% 27 27 ? Vz 27% 271
27(4 25% ? Butterick Co . 300 27% 27(4 25(4 25(4 + 1% 26(4 27
28% 20% ? Caddo Oil . 8800 27(4 28% 26% 28 + 1(4 27% 28
84%\83J4 6 California Packing . 16100 84 84(4 83'4 83%? % 83(4 83<v
46 V43(4 ? California Petroleum. 1900 45% 45% 44% 45 ? 1 44% 453/
68 66 2 Calumet & Arizona.. 800 66 67(4 66 67(4? "4 67(4 68
1S4 132% 10 Canadian Pacific... 1500 132% 133% 132(4 133 ?1 132% 134
100 99% 7 Case, J I, pr. 200 9934 99% 99% 99%? % 97 993/
104% 100% 5 Central Leather _ 11600 104 104% 103 104 -?? (4 IO334 104
108'/2 107 7 Cent Leather pr. 800 108(4 108(4 107 108 ? 1% 108 108'/
120 114% 6 Cent & So Am Tel..# 200 117(4 117(4 117'/2 117(4+ 2(4 114 117(<
61% 59 4 Cerero de Pasco. 6600 61 61 59(4 59%? % 59% 60
136(4 133 8 Chandler Motors .... 7400 136 136(4 133 135%? % 135 135?
: 56% 55 4 Chesapeake & Ohio.. 700 56% 56?4 56 56 ? % 56 66(<
9 8(4 ? Chic Gt West. 200 8% 8% 8% 8?/2? '/2 8'/8 8&
25 24 2 Chic Gt West pr_ 200 25 25 25 25 + % 24'/2 25?,
38(4 37% ? Chic, M & St P. 6600 37% 38 3794 38 + (4 37% 38
54% 62%? Chic, M & St P pr.. 1500 54(4 54(4 53(4 53%? '/4 63(4 53?
8734 86% 7 Chic & N'west. 800 87(4 ?7% 87(4 87?4+ ?4 87(4 87?
118 116 8 Chic ft N'west pr... 300 118 118 118 118 + 1 11$ 124
106(4 104% 6 Chic Pneu Tool. 2200 105% 105% 105'/4 105(4? 1 105% 106
281/4 27'/2? Chic, R I & Pac.... 1400 28 28(4 27?4 27?4? (4 27% 277
61(4 61 6 Chic, R I & P S% pr 400 61 61(4 61 61 + 1(4 61(4 61(,
72 70% 7 Chic, R I & P 7% pr 400 71(4 72 71% 72 + 1(4 71'/2 72
40% 39 ? Coca Cola . 600 40% 40(4 40(4 40(4+ (4 40% 40?
21(4 19%? Chile Copper . 1800 21 21(4 20?4 20?4? ?4 20% 20?
41% 39 3 Chino Con Copper.. 900 41(4 41'/e 40 40%? % 40'/2 41
44% 39 3 Col Fuel & Iron_ 4000 44'/4 44(4 42% 42(4? 1% 42% 43
65 64 4 Col Gas & Electric. 800 64(4 66 64% 64%+ % 64% 65
65(4 60 1 Col Graph . 15800 64 65% 63. 64 + '/? 63?4 64
13% 13 1 Con Candy . 3900 13(4 13% 13 13 ? % 13 13(.
31% 30 ? Consol Textile . 4800 30?4 30% 30 30%? '/4 30% 305
87(4 83 7 Consol Gas . 3600 85 85 84% 85 - 85 86
20% 18?4 ? Con Int Callahan M. 7000 20% 20?8 19% 19%? % 19?4 20
93% 91 7 Cont Can . 800 93 93 92% 92%+ % 92 92?
62 62 ? Consol Cigars . 200 62 62 62 62 - 61% 62
80 80 7 Consol Cigars pr_ 300 80 80 80 80 - 80 81 (
90 85% 4 Corn Products . 15800 *89?4 89?4 87 88(4+ (4 88% 88'
106(4 106% 7 Corn Products pr- 400*106(4 106(4 106(4 106(4? 1% 106% 108
2??4% 216 12 Crucible Steel . 9900 220(4 220% 216 218 ? 3% 217% 218(
53% 81% r- Cuba Cane Sugar- 6600 53 53% 62 62%- 52?4 52^
84 83% 7 Cuba Cane Sugar pr. 900 84% 844 83% 83%? % 84 85
96 93'/4 9 D * H . 600 96 96 96 96 + 1 95% 96'
9 8 ? Denv ft Rio G. 200 9 9 8 8 + 1 7 8
| 1334 13 ? Denv ft Rio G pr... 800 13(4 13?4 13(4 13%- 13% 13''
? 13 12%? Dome Mines . 300 12% 13 12% 13 - 12?4 13
?101% 100% 7 Dur Hosiery pr. 100 101% 101% 101% 101%}- % 100% 102
,28 26 ? Elk Horn Coal. 3500 26% 27% 26 26% + % 26 27
! 145 141 B Endicott-Johnson ... 2000 144% 145 143 144 + 1 141 143'
i 104 103% 7 Endicott-Johnson pr. 300 104 104 104 104 - 103?4 104
I 13% 12% ? Erie . 2800 13?4 13% 13% 13%+ % 13% 13=
| 21% 19%? Erie 1st pr. 1100 21% 21% 20% 21 - 20?4 21
15 14%? Erie 2d pr. 100 15 15 15 15 - 14?/4 16
95 88% 8 Famous Players - 4600 93% 95 93 93 ? (4 92% 93'
1 28 26% 2 Fed Min ft Smelt pr 100 28 28 28 28 + 1% 28' 28
! 130% 130 ? Fisher Body . 200 130%. 130% 130 130 ? 1% 129 130
! 48 43%? Flak Tire . 11800 47% 47% 45% 46%? % 46% 47
! 36% 34% ? Freeport Texas . 3200 36% 36(4 34% 36 - ~ 3534. 36
! 19% 17%? Gaston Williams - 3600 19% 19% 18% 18%? % 18% 18:
! 76% 73 6 General Cigar . 800 74 74 73% 73%? 1% 74 75
j 94% 94 7 General Cigar pr deb 200 94% 94% 94% 94% + % 94 95
i 172 170 8 General Electric Co. 900 170% 170% 170 170%+ % 1693/4 170
? 345 336 12 General Motors - 6600 343% 345 338 339 ? 5 339 340
I 85 83% 6 Gen Motors 6% deb. 1500 84% 85 84?4 85 + % 85 85
; 4934 48 ? Gray ft Davis. 400 4934 4934 48% 48%? 34 48s? 49
! 85% 80% 4 Goodrlch, B F. 17100 85% 85% 82% 84?4-' 84% G5
?10234 102 7 Goodrlch, B F, pr. .. 500 102% 102% 102 102 ? % 101' 102
55% 61%? Granby Mining . 100 55% 55% 55% 55%+ % 54 55
I 81% 79% 7 Gt Northern pr. 3400 81% 81% 80?4 81%+ % ?114 81
41 39% 4 Gt North Ore subs.... 3800 40% 41 40 40%? ?4 40% 40
! 38% 37% ? Greene-Cananea Cop. 300 38 38 37% 37(4? 1 37 38
; 80% 78 ? Gulf States 8teel_ 2300 80 80 78'/2 79 ? % 791/., 79
i 62% 60% 4 Hask ft Barker Car.. 1600 61% 62% 61% 61%+ % 61% 62
? 100% 99% 5 Hartman Corp . 600 100% 100% 99*4 99%? % 99% 100
j 22% 19 ? Infl Agrlcul . 200 21?4 21?/4 21% 21%? 1% 21 21
' 6I34 59% 6 Inspiration Copper . 7700 61% 61% 60% 60?4? 34 60% 61
4% 3% ? Interbor Con Corp... 300 4 4 * 3% 3%- 37a 4
13 11% ? Interbor Con Corp pr 100 11% 1134 1134 11%- 11 r.,B 11
, 135 132 6 Int Harvester Co... 2200 134% 135 13234 132%? .>4 132 134
; 11334 11334 7 Int Harvester Co pr. 100 II334 113?4 li3?/4 113%+ % 113% 114
61% 49 ? Int Mercan Marine.. 8600 51% 51% 50% 50%? 1% 50% 5C
1 111% 109% 6 Int Merc Marine pr. 3500 111% 111% 110 110%? % 110a? 11C
j 89% 80% ? International Paper. 25100 87% 87% 83% 85%? 2% 85% 86
110 108 6 Internat Paper pr.. 100 109 109 109 109 + % 105 1U
79% 79% 6 Inter Paper pr stpd. 400 79% 79% 79% 79%- 78 8C
I 25% 24% ? International N'lckel. 9800 25?8 25% 2434 25%+ % 25'A 2C
. 71 70. 6 International Salt .. 100 71 71 71 71 f. % 70% 7f
j 49% 39% ? Iron Prod . 2500 47 49% 47 47 + 3% 47 4f
I 18% 16%? Jewel Tea . 100 18% '18% 18% 18%+ 1% 18 2(
? 30 29 2 Jones Tea Co. 300 30 30 29 29"|- 3% 28 3(
16 15%? Kansas City So. 400 16 16 16 16 _ 1534 k
i 47% 46 4 Kansas City 80 pr... 600 47 47 46 46 ?1% 44 47
162% 144 4 Kelly Springneid . . . 6600 150 152% 148 152%+ 3% 152 15'
?103 102 ? Kelly Spring 8% pr. 100 103 103 103 103 + 1 103 10'
?90 80 ? Kelsey Wheel Co- 300 90 90 90 90 ? 2 88 9!
; 33% 30 2 Kennecott Copper ,. 7600 333. 33a:. 3214 323,?? i '? ^55- v
; 48% 43% 1.20 Keystone Tire . 8400 48% 48% 46% 47%- *! 471/? 4'
| 91?4 86% 6 Lackawanna Steel .. 11800 91% 913/4 88% 90^? ** 90'4 9(
| 44 41% 3% Lehlgh Valley v. 2100 43% 44 43% 44 I ?? 4334 4!
j 38% 38%? Lee Rubber ft Tire.. 2000 37Ve 38% 3734 38%+ % 38'k 31
I 70 ?9% ? Loose-Wiles Biscuit 100 69% 69% 69% 69'?? '/. 69't 7i
,100 100 7 Look-W RIm 1.t pr, 200 100 100 100 10o' i 1 99 10.
! 183% 180 12 Lorillerd, Pierre.... 100 180% 180% 180% 180%+ % 182 18
28 27 ? Loft Candy . 3000 28 28 27% 27%? % 27'/, X
112% 11t 7 Louis ft Nasrjvllle. . 500 112% 112% 112 112%+ 1 112 11?
: 64 $? 4 Mackay Cos pr. 200 64 64 64 64 -_ 64 6
??% 2?%? Martin Parry ". 100 26% 26% 26% 26%+ 2% 26'4 2'
33% 5f/s ? Manhattan Shirt .... 600 33% 33% 33% 33% i- % 331A 3
69 WJ 12 Merlin-Rockwell - 300 69 69 68 68 _ 61 7
136% 138 10 Manat? Sugar . 200 136 136% 135 136%)- '4 132 13
? 36% 31% ? Maxwell Motor . 1800 36% 35% 34% 34% L ?4 343,4 3
, 63% 62%? Max Motor 1st pr... BOO 63% 63% 63 63 -_ fail 6
131 121 7 May Dsp't Stores... . 600124 124% 121 121 ? 4% 123 12
222 213 10 Mexican Petroleum.. 13100 217% 218% 212% 214%? 5% 214 21
j 26 25 2 Miami Cjon Copper.. 1700 26 26 25'4 25%_26'/, 2
I 71% 63% 1.20 Middle States Oil... 21400 66% 71% 66 71%+ 6% 71 7
| 02% 50% 4 Mldvale Steel . 7600 52% M% 61% 62 ? % 61% 5
i
Record of Stock and Bond Averages
< Copyright, 19 20,
Ne w York Tribune Inc.)
Stocks
Yester- Day
day, before.
20 Railroads". 68.05 66.20
3C Industrials . 109.83 110.30
50 Stocks . 91.96 92.66
Year
ago.
71.60
83.97
79.02
Range thus far.
1920.
High. Low.
66.20 65.55
110.30 109.23
92.66 91.92
Range full year.
1919.
High. Low. j
78.80 63.35
119.33 79.20
99.54 75.92
Bonds
76.06 82.63
90.78 94.36
10 Railroads . 75.91
10 Industrials . 90.88
5 Utilities . 73.97 73.80 ,85.44
25 Bonds . 81.51 81.49 67.88
76.23
90.88
73.82
81.51
75.91
90.71
73.97
81.44
82.80
95.70
87.75
87.91
72.83
90.56
71.80
80.21
High. Low. Div.
1020. 1920. Hate.
14
74%
9%
14
12/2 ?
74'/2 7
B% ?
14 ?
26% 25?4 ?
43 41?/a ?
51 47 4
65 % 64% 3
37?4 37 3
125 124% 7
72% 69% ?
80 78 5
11% 10 ?
89% 85 6
84% 82 5
110 108% 7
534 534 _
Minn & St L new. .
M, S P & S St M..
Mo, Kan? & Tex...
Mo, Kans & Tex pr
Missouri Pacific ...
Missouri Pacific pr
Net
Sales. Open. High. Low. Close, cbge. Bid. Ask.
500 14 14 13% 14 -f Vz 13% 14
100 741/2 74% 741/a. 74/2+ 2/4 73
1000 9% 9% 9% 9/2? % 9"/2
200 14 14 14 14 - 13/2
1500 26% 26% 26
500 43. 43 42
Mullin? Body . 3000 48'/4 51 481/4 49%+ 1% 49
Mont Power . 100 64(/4 64% 64/4 64/4? % 65
National Acme . 100 371/4 371/4 37% 37%- 37
74</2
9%
14
26%
41/4 411/2
National Biscuit ..
National Aniline ..
Nat Cloak & Suit. .
Nat Con & Cable...
Nat Finan. &. Stpg.
49/2
65'/2
371/4
123/2
71
82
11/4
48/2
61
27%
17/2
99
55
81 %
17
98
543/4
80
100 124/a 124/2 124/2 124/2? Vz 120
1700 70 703/4 70 70 ? Vz 70
100 78 78 78 78 ? 2 78
1400 11 11/4 11 11 + Va 11
900 87% 88 87% 87%? 1% 87% 87/2
National Lead . 1500 84/2 84/2 83/8 84%+ Vz 84/4 84/2
National Lead pr . . . 100 IO8/4 IO8/4 IO8/4 IO8/4? 1% IO8/4 110
N R R of Mex 2d pr. 300 534 534 5% 6%+ i/4 534 7
17/z 16 1/2 Nevada Con Copper.. 2CT00 16/2 17% 163/8 17% + 1 17/4 17%
46 44 ? New Or, Tex & Mex. 200 44% 45 44% 45 + 1 44 45
117 114/4 10 N Y Air Brake. 1500 117 117 1141/4 116/4+ 'A 116 H6/4
70% 69 5 New York Central... 2600 70/2 70% 70 70% + Vz 70% 70/2
47 2/2 New York Dock.... 100 47 47 47 47?1 46/2 48
59% 5 New ?York Dock pr.. 200 5934 59% 5934 59%+ 1'A 59 60
27 ? NY, J?-H&H. 1700 27% 27% 27/2 2734- 27% 27?4
N Y, Oht & Western 2?O 17/2 17/2 17 17 - 17 17%
Norfolk\ West. 200 98/8 99 98/8 99 - 99 99/4
North Anierican ...'. 400 54% 55 54/2 54/2? /4 54 55
Northern {Pacific ... 2100 81 81/2 80 80/2? % 8034 81
Nova Scotia Steel .. 3500 73/2 77/4 73% 76/2+ 1/2 76 77
Otis Steel . 10200 4134 41% 40 40/8? 1/4 40 40?4
Ohio Gas . 6200 50/4 50/4 49/8 49/4? Vz 49/2 4934
2 Oklo Prod & Refin.. 7900 10% 10% 10/8 10/4+ Va 10 % 10%
Owens Bottling _ 100 64 64 64 64 - 63/4 64
Pacific Gas & Elcc. 600 60/8 61/4 60/8 61/4+ 234 61 63/2
Pacific Mail . 300 ,3734 38 37% 38 - 37/2 38
Par & Blng. 600 45/2 45% 45/4 45/2? /4 45 45/2
Pan-Amer Petrol ... 37100 106/2 106/2 101/2 103/2? 2/2 103/2 10334
Pan-Amer Pet B.... 4800 100/2 l00/2 98/2 IOO/4? 1/2 100 IOO/4
Penn R R. 5000 42 42/8 41% 42/?- 42 42/4
Penn Seaboard Steel. 1000 3534 35% 83% 33%? 1/4 34/2 34%
Peo Gas & Coke. 3900 39/2 41/a 38?4 40 +1 39% 40
P?re Marquette .... 2600 31 31 30/2 31 ? Vz 30% 31
P?re Marquette pr... 200 51 61 50/* 50/4?2/4 60 52
Philadelphia Co .... 10800 39% 4034 38/2 40%+ Va 40/4 40%
Pitts, C, C & St L.. 100 57 57 57 57 + 2/4 65 59
Pierce Arrow .21600 82/4 82/4 79 80 ? 2/4 80 80/2
Pierce Oil . 3500 21 21% 20% 21%? Va 21/8 21/4
Pierce Oil pr. 1700 96 96/2 96 96 + Vz 96 96/2
1
7
5
7
5
37/4 ?
77/4 7234
41%
50%
10%
65
61 ?4
38
48
9%
63J.2
60
3734
45?4 44%
IO8/4 101 Vz
103/a 98/2
42% 4034
35% 33 ?
41 Vz 36% ?
31 Vz 30/2 ?
61 50!4 ?
40?4 38 Vz 3
57 67 4
82% 79 ?
21/2 19/4 ?
96 Vz 93 8
63% 6234 5
29 28 Vz ?
27% 26/2 1
103% 101 8
117% 114/2 8
: 9414 93 5
100% 98% 8
22% 2134 2
i 7734 76 4
35 35 2
| 94 90% _
? 124% 118'/4 6
2/4 1% ?
I 5534 53%
700 63/2 63/2 63 63 ? Vz 63 63 Vz
500 28/2 28/2 28/2 28/a? Vz 28 28/2
500 27/a 27% 26% 26%? 34 2534 27/8
500 102% 102% IOI/2 101%? 1% 101/2 102/2
700 117 117/s 114 116 ? 1 115/2 117
1600 94/4 94/4 93 93%? /4 93/4 93%
900 100% 100% 100% 100/sH- Va 100 100%
1600-22/2 22% 223/8 223/4+ VA 22/2 22%
Reading . 2700 7734 7734 763/4 77%^- !4 77/4 77/2
Reading 2d pr. 100 35 35 35 35 + Vz 35 38
Remington Type ... 800 93/4 93i/4 92 92 ? Va 92 92%
Rep Iron & Steel_54100 122% 122% 118/4 120%? 3/4 120/2 1203,4,
Rep Iron & Steel rts 3500 2 2 134 1%? % ? ?
Repub Motor Truck 700 53% 54% 53% 54%? 1/4 53% 54%
Pittsburgh Coal _
Pitts & West Va...
Pond Creek Coal_
Pressed Steel Car...
Pullman Pal Car Co
Punta Alegre Sugar
Railway Steel Spring
Ray Con Copper.
105% IOI34 5.20 Roy Dtch, N Y sh... 23600 106% 105% 1033/4 104%
50
75
1634
15%
18%
25%
7/4
15%
239%
84%
12%
48 ?
71% 6
15% ?
14% 1
17% ?
25 ?
7 ?
14% ?
231 8
80% ?
11% 1
4834 44% ?
81% 74 6
1053.J, 102% 6
116 116 8
23 2134 ?
66% 5534 5
86% 79% 4
1.5% 109% 7
101 100 7
134 117 5
50% 48% 3
.12% 10% ?
43 3 8 40% ?
231 22434 10
61 58% ?
12% 12% ?
95% 92% 6
102% 102 7
38% 35% ?
66% 6334 b
32 32 1
37% 36% ?
95% 9434 6 s
124% 123% 10
69% 67% 4
63 62 4
96% 93% 3
| 204% 200% 10
27 25% ?
, 25% 23% ?
! 55 53% 5
| 303'8 30% ?
' 78% 75 2
115 111% 8
103% 103% 7
48% 44% ?
14334 136% S
114 114 8
76 74 5
109 106% 5
114% 113% 7
80% 75% 6
12% 11 ?
72% 68 4
112 112 8
87 87 6
67% 54% ?
89 89 7
Replogle Steel .
Savage Arms .
Saxon Motors .
St Joseph Lead ....
St Lou & San Fran.
St L '& San Fran pr
Seaboard Air Line..
Seab Air Line pr . . .
Sears, Roebuck & Co
Shell Tran & T _
100 48
100 75
56Q0 16%
700 15%
3100 18%
48
75
16%
153a
18%
48 48 ?
75 75 -
15% 16 ?
15% 15%+
18 18%?
104% 105
2 47 49
# 73
4 16
a 15%
a 17%
75
16'4
15/j
18
?M
100 25% 25% 25% 25%+ 1% 24% 27
100 7 7 7 7 ? % 7% 7%
800 14% 15% 14% 15%+ 1% 15 15%
700 239 240 239 240 + 4 23934 240
9600 84 84% 82% 82%? % 82% 83
Shatluck Ariz . 700 12% 12% 12% 12%- 12% 12%
Sinclair Oil . 44600 48% -48% 46% 47%? % 47% 4734
Sloss-Sheff St & Ir.. 10200 76% 81% 76 79 + 3 79 79%
Southern Pacific ... 12600 104% 104% 102% 103/8? 1% 103 103%
So Porto Rico Sug pr K?0 116 116 116 116 - 116 118
Southern R R . 1700 2234 23 22% 22%+ % 22% 23
Southern R R. pr .. 500 56% 56/2/ 5534 65%+ % 65% 55%
Stromberg Carb _ 5600 86 86 81 83%? 1% 83% 84
Sludebaker . 68200 115% 115% 112/8 113%? 1% 113% 11334
Studebakcr pr . 200 101 101 101 101
Stutz Motors . 2200 131% 134 127 134
Superior Steel . 1500 49 49% 48% 49
+ 1 101 101%
+ 4 130 135
? % 48% 49
+ % 11% 12
? 1% 41% 42
? 5 225 227
?? 2% ' ? ?
8 ?
23% ?
55 ?
11 ??
18 ?
25% 24% ?
63% 59 4
88% 88 7
118 117 7
5Q% 54 4
80% 5
12% ?
62% 4
30% 1
92 7
8%
24%
56
11%
18%
82%
14
66%
32
93
Tenn Cop & Chem .. 2200 12% 12% 11% 12
Texas & Pacific _ 2700 43 43 41% 42
Texas Company _ 500 225 226% 225 225
Tex Company rts . . . 1400 60 60 58% 58!
Third Ave R. R - 200 12% 12% 123/4 1234+ % 12% 13
Tob Products . 1800 94 94 92% 93/8? 1% 93 93%
Tob Products pr ... 300 102 102% 102 102%+ % 102 103
Transcon Oil . 17600 38% 38% 37% 38%? % 38 38%
Trans & Wim Steel 400 64% 64% 63% 63%? 2% 63% 65
Twin City Rap Tran 100 32 32 32 32 '?- 31 34
Union Oil . 4300 3734 37% 36% 37%+ % 37% 37%
Un Bag & Paper ... 500 95% 95% 95 95%+ 4% 95 96
Union Pacific . 2200 124 124 123% 12334? 1 123% 124
Union Pacific pr .. . 400 67% 68% 67% 68%? % 68 68" 2
United Alloy Steel.. 200 53 53 52% 52%+ % 62 52%
United Retail Stores 17600 96 96% 93% 94%? 1% 94% 95
United Fruit . 800 204% 204% 201% 202 ? 2 200 202
United Ry Invest pr 2000 26 27 25% 26 ? 1 26% 37
U S Cast I P & Fo.. 500 25% 25% 23% 23%? 2% 25' 26
U S C I P & F pr.. . 200 55 55 64% 54%? % 54% 67
U S Express . 200 30% 30% 30% 30%- 30% 30%
U S Food Products.. 2300 783^ 78% 76% 76/2? 1% 76% 77
U S Ind Alcohol- 5600 114% 114% 111% 112%? % 112% 113
U S Ind Alcohol pr.. 100 103% 103% 103% 103%+ 2% 103 105
U S Realty & Imp . . 1800 47% 48 46 48 ? % 4734 48
U S Rubber . 90800 138 143% 137% 141%+ 2% 141% 141%
U S Rubber 1st pr.. 100 114 114 114 114 - 114% 116
U S Smelt & Ref .. 400 75 75% 74% 75%? % 74% 75%
U S Steel . 78600 108% 109 1063/4 107%? 1% 107?4 107%
U S Steel pr. 1100 113% 114% 1133/4 114 - 113% 114
Utah Copper . 2400 79% 79% 78% 78%? 1% 78% 78%
Utah Sec Corp . 600 12% 12% 12 12 - 11 12
Va-Carolina Chem .. 1500 723a 72% 71% 71/8? 1% 71J/
Va-Car Chem pr .. . 200 112 112 112 112 ? 1' 111
Va Ir, Coal & Coke. 100 87 87 87 87 - 85
Vanad Steel . 1800 57 57 55% 56%? % 56',
Vulcan Detinning pr 100 89 89 89 89 ? 1% 88
Wabash . 100 8% .8% 8% 8%?
Wabash pr A . 1800 23% 24% 23% 24% +
Wells Fargo Ex
West Maryland
West Mary 2d pr. ,
8%
24%
200 56 56 55 55 + 1% 53
800 11% 11% 11 11%? % 11
100 18% 18% 18% 18%+ % 18
West Pacific . 800 25% 2534 25% 25%? % 25
600 61% 63/8 61% 63/8+ 2% 63
200 88% 88% 88 88 ?? 88
1700 118 118 118 118 + 1 117
54%>
81%
13/4
129% 129%
943/4 90%
75 74
West Pacific pr
West Union Tel
Westing Air Brake
Westinchouse Mfg . 1200 54% 54% 54%
Wilson Co . 1000 82% 82% 81%
Wheeling & LE ... 2100 13% 14 13%
White Motors . 5600 66 66% 64
Willys Overland ... 10900 31% 31% 31
Willys Overland pr. 400 92 93 92
Woolworth . 200 130 130 129% 129%+ 1% 129% 130
Worth Pump & Mach 2200 94% 94% 90% 92%? 1% 92 93
Worth P & M pr B. 300 74 75 74 75 + 1% 74 76
7138
112
87
57
93
8%
24?4
55%
11%
18%
25%
63%
88%
118
54% 54%
81 82
13% 13%
64%? 1 64% 65
31%? % 31% 31%
93+1 93 93%
*Ex dividend.
Bid and Asked
A lilt Note i.r 44<i
i A A? Cli i,c :m?
1 V IIS l-'dry. M,
HM. asked.1
4 s I Mm
? In i>r
.165
'.Mil
A Cot (ill pr 84
Am Exproas.. nu inn
pr,
80
Am J .Inverti pr |?1V4 OS
Am Slilpbklj.. ? 13S
Am Mm pr A 88 ?8
Am Niiiin' pr. *2
A St Kdry pr 02
A Hum T pr 111 Hi 'XI
Aulci Hall? pr ?1(1 :i4
i Ann Arbor .. ? la
| <lo pr . M ?_>,',
Aim ui pi
(In 2d pr...
Hftii Bteol_
Hkii Etllson-.
Hrown Slim
do pr v .
Hum? DM pr.llil
Huir n .v p. is
do pr
'.'7
.108
. HID
Him.
Huir
do .
Hush Tofm.. H.i
C?l l'it'-k pr.120
''im Ron thorn ??-?
Con of N J, .17".
Ont ?'Mry_ 18
? in pr . :i8
riil w Alum. 7
do pr .... 7
r & 10 111.., I
I'l & Pill*... 08
i I HI' M * O SH
do pr ... .
ICI'AH I, pi.
I Col A H.
Ist pr...
Hill. Asked,
M T. . l?liL' 207
.107 Jim
|I.-W U IM pr.lOO J15
il,?rll|aril pr .. Ijn'i ill
..Miickay Cm. ,.00 "I
Muiliat Uanch ':? l'.i
?Mut AI \V... 31 XS
[Muy Du St pr.inili/j 1IU
|.Mo* l'rt pr. US 100
h:i iMk-Ii Central, N2 100
?O IMSI'?SSM pr. 112 ?I!)
' do lad linen. 58V4 00
Miml Pow pr. 100-74 103
Noall & (hut.. I ID u:i
., iNiu His pr.,111
", N C .t H pr.102
.i Nat U-iiil |ir.lO!i
?u N UK M 1st pr il
,'?? X V C Jit H 1, 2!?
,3 do i?t pr... h:i 70
imt] <lo 2,1 pr... 411 4M
1 * N V 1/ & \V ? 00
,,' Nor.olk So.... 11?, 12
'ir> iNiirf & W pr ?iu? 72
50 mulo l'u. 1 .. 411 sa
'?J" Owens Hoi. pr im lim
??'Jl'Rclllr Coast.. Uli 80
00 j? T & T pr. 70? 7?'?
U? 1* Am Pot pr.l?r, 300
???'wll'iMirlii ?V !?:. 12 M
lui
110
IOS
110
111
mi
.m
prl pr ?H
IVtil Mull?... 35
l?l pr.. . Un?
P?o
pi.. im;
im
22
80
lo 3d pr... 40
Cont Culi pr.Tilil
Cont In? Co., un
i'Ulm Am Hu..'Ulli
ilo pr .107
itiinr? i'o pr. 1110
Il J, A W ..1H4
Dot i;<iiiiiui.. no
DUmruiil M .112
Dot In Uli. Hm
D H ?4 A A 4
?In pr . 7
Klec Ht Um i:;m
41?
111)
lll.-i
1114
117
PI?. (.'<
I' T W .?? C 122
Pitts Htuol pr 0.1 04*1
P & W Vu pr 77'j. su
Pr Ht Cor pr. 100 lu.'U.j
P S 0 N .1. . no 7:1
Ity HI. Hpr pr.lO."i 10UH
Knu.lliiK 1st pr 3AM .'lit
It I & S pr.KUl 107
I, Hw ... I.'I 14
<lo pr . 24 ?3
Hnarx Ho? pr II.'Hi Ils"?,
H H H A I pr HO1^ 0.1
P It Hli?ar.2!lll 21..
ilo pr .IIH Ils
Hliiiiiliinl Mill. 1MI)
ilo pr
.s.'.
(UuttulHiknr pr.ioo
T t* i* Id 11..100
ti.'i
III!
10 TMrtvnlnr
142 ! Tul ' '
-10
1, A W U
Lid. Asked.
Fed M & S. il is
Fisher By pr. 105 110
??cu Cltt'iu_18.'. 200
do pr . U,s>? 100
" M & No; (?M) ?>y,
do pr . 18
Bid. As it cd. i
11 12
du
pr. 21
i lu pr
:',o
:<4
!?7
Xi'?
(i S B 1st pr ><a V*
Horn? stake . . 71
lut Nickel pr 00
Iowa Central. 4%
Jewel 'IVa pr. 42 45
Ivayser .1 ...ios rio
KCKSftM Dr. 52 03 I
Kelly ?pr pr. ?SW loo
Kelsoji Wh pr 07? ou H
Keok & l> M. 4? K
do pr . 10
Kress & Co.. 70 h:>
do pr .100 112
T,ako G & W. 71.4 11
T C K
Undonvood "T.183
du pr .loo
Dn Cigar St. 125 :
do pr .110
Cnltod Drug.. 142
do 1st pr... 51%
' do 2d pr...l30
O S S & Il pr 47
Vulcan Detln.. 24
WVsfse M 1st. 02
Wilson Co pr. 97%
Willys O pr.. ?0
,WIs Central... 2S
Woolworth pr.Il.'i
|W1' it SI pr A 02
London Money Market
LONDON, Jan. 5.?Money, 3% per!
cent. Discount rates ?Short and three- '
months bills, 5',i per cent. Gold pre?
mium at Lisbon, 140. Bar grold, I09s Bd.
_j-?
J)ivitleiu]s
Resumed
(?encrai Development Company?A divi?
den ?if no cents por share Iium i>?-?m? de?
clared, payable February 20, to stooltholderi
?f n
)iil
February*
ut m it iilum
Tin
Hid ,1
iusi dividend
?ild in Septom
Itciriilnr (><>cInruI)uu*4
l'.iii
?Hod
Amer
do.
do.
do,
do,
Hunt SllKiir
. I! I?
111a 1. a Q
pf . 1 '.? w
Ofiuit ututo Pet... a - -
Uureka Pipo I.ino.l4.oo?
Inter Nlrkul pf... 1 % Q
Mullltm Hotly _?100 Q
Flilladolplilu Co... l'a
do.*0.7r? Q
Hturidiiril Motor ,", 2 ',? (.?'
Qen llevelop C(t. .. .$0.50
Ailunii popper . ? 5*" 50 Q
A
Payable
Apr 30
July 3]
Ool 20
.Inn 31
Apr I
.Inn 2 0
Fob a
Fell i
Fob 1
.Inn 31
.1 n n :'. I
Fob a
Fob 30
I'.'b It)
Holders
of Rec.
Apr 10
.July 10
?lot (I
.Inn 8
Jan 15
?Inn 15
.Inn 15
Jan 15
.lun 15
.hill 15
.Inn li
Fob fl
Fob 2
In Wall Street
A Fat Year for the Bank. ;
Business uncertainty and labor
troubles didn't interfere with the earn?
ing ability of the Federal Reserve Bank
of New York, which returned 130 per
cent on its average paid-up capital for
the twelve months. In 1918 the bank
earned only 113.5 per "cent on its aver?
age paid-in capital. The bank increased
its surplus from $32,922,000 to $45,082,
000 during the year.
Piling Up the Balance
It kept most of the rest of the world
hustling last year to try and meet
America's mounting bill for goods sold
abroad. A Wall Street man who likes
cold statistics sat down yesterday and
figured just what the $4,000,000,000 1919
trade balance in favor of the United
States, as estimated by Secretary Alex?
ander of the Department of Commerce
really means. He found out that this
represented a piling up of a trade
balance at the rate of $13,000,000 for
each of the 300 working days last year,
$1,666,666 an hour on the basis of an
eight-hour day, and $27,777 a minute.
Bull Points
Elements entering in the future
movements of securities -.are outlined
thus by the Stock Exchange house of
Halle?& Stieglitz:
1. Despite the Administration's much
advertised attempts toward reducing
living costs it is still a fact that good
securities are relatively lower in price
than commodities.
2. Security prices to some extent
have been kept down artificially, first
by the Reserve Board's indirect attempts
'to curb higher values by restricting
credit, and, second, by the stream of
selling to register losaes for tax pur?
poses.
:i. So-called technical conditions favor
higher prices. Recent shake-outs have
practically eliminated weakly held ac?
counts. Loans have come down ma?
terially.
4. The situation regarding ratifica?
tion of the peace treaty, railroad legis?
lation and labor have been depressing,
but all three problems seem in a fair
way toward settlenient.
5. Domestic consumption alone, in
view of the generally higher standard
of living, is enough to keep our pro?
duction at a maximum, the, more so
since production is suffering from the
decreased efficiency of labor and from
a shortened working day.
"What Do You Think of the Market?"
The member of a prominent Broad?
way exchange firm: "This market will
continue to do better if we can obtain
enough money to finance operations
at reasonable rates of interest."
Money and Pool Operations
A number of Wall Street houses are
getting ready to launch new pool oper?
ations in certain industrial issues. It
is fair to assume that they have been
accumulating such stocks for some time
past, when prices were substantially
lower than they are now. However, it
is stated on behalf of some of the pool
managers that their operations in the
immediate future will depend ?ponwhat
the course of the money market is.
"We need more than anything else,"
said an important pool operator yes?
terday, who was extremely successful
aat year, "a supply of time money. At
present the total of outstanding time
loans secured by Stock Exchange col?
lateral is probably one-quarter of what
it normally is. Time money simply
cannot be obtained. Before we can
go far with our operations we must
get a larger amount of time credit." In
the market yesterday time loans were
8 V? per cent bid, with practically no
money. This is 2% per ?ent over the
legal rate.
Not Hurt by Beer Decision
Russell H. Landale, president of the I
American Malt and Grain Company, i
succesor to the old American Malting !
Company, said yesterday the deci
sion of the Supreme Court yester- ;
day, holding that 2.75 beer is an
intoxicating beverage and cannot
be sold under the existing law, affects
but little his concern, which is en?
gaged in the manufacture of malt and ;
the storage of and dealing in grain at
its several plants. "In view of the de?
velopment and perfection of near
beers during the war-time prohibition
period," said Mr. Landale, "which has
demonstrated beyond doubt that bev?
erages brewed from malt and hops, in
every detail, according to the best old
time processes, and dealcholized to the
legal content, have found a ready mar?
ke^ even in competition with the now
prohibited 2.75, the prospects for the
malting business are most encourag?
ing, and a pleasant surprise to those
who, despite the dark outlook, invested
in the stock of the company, hoping
malting would not entirely cease."
Why the Street Sold Stocks
Floor traders sold stocks freely for
a time yesterday forenoon. Their of?
ferings were mainly responsible for
the early dip in prices. They handed
out stocks liberally, using as a basis
for selling the unfavorable statement
of the Federal Reserve Bank of New
York of last week, which showed the
ratio of reserves to deposit and note
liabilities down to 38.7 per cent, a low
record. But that was not all the am?
munition that the bears employed in
trying to depress prices. A rumor
reached the exchange and went the
rounds of the Street, subsequently by
the telephone route, that President
Wilson had decided to resign from the
Presidency. This was also used to sell
stocks on. although many traders
thought such a development might be
bullish. Of course the rumor was with?
out basis in fact, and probably was the
result of a garbling of news that came
from Washington later to the effect
that the President Will make a very
important, communication to the Dem?
ocratic National Committee at the
Jackson Day dinner.
American Sumatra
American Sumatra Tobacco at 99 yes?
terday, the top price for the session,
was at a new high for the movement,
as compared with alow of 73 last year
and a high of 120V?. The company's
half year ends January 31, and it is'
learned or the best of authority that
earnings for the period have been the
best in the history of the concern.
The company has recovered from the
difficulties of last year, when earnings
were seriously affected by labor and
other troubles.
Earthquake Hits Mexican Oils
Weakness of Mexican Petroleum and
Pan-American Petroleum and Trans?
port issues was attributed yesterday to
the press reports of an earthquake in
Mexico. An upheaval caused by the
forces of nature was a far more serious
matter than a political upheaval, trad?
ers argued, and sold those stocks ac- j
cordingly.
?_
Sir George Paish's Plan
Sir George Paish's plan for raising !
Wn,000,000,000 through an international i
bond issue was viewed by Wall Street !
bankers yesterday as extremely far re- j
moved from the practical. Some of the I
international bankers, however, ex- '
pressed the opinion that the dramatic ;
quality of the British writer's utter?
ance about Europe's need might
heighten American interest in the sub- <
ject and thus bring a solution nearer.!
Before leaving for Washington, Sir'
Geoi'ge met informativ with various j
bunkers in the financial district at the !
close of the week. Ho brought a wealth
of statistical matter to reinforce his
conferences with bankers, some of
which data was yesterday Characterized
ns exaggerated by those who had tried
to check up the facts. At present, Sir
George insists, the British credit
structure is so strained that it can go
no further toward helping Europe. The
Doe in Bom1 ???red Gold
Vmki **?te* ?' 1-ewtviue
"Va Gas & Electric Com
Months peny. which owns end
operatet. without
competition, a]) gU
and electric proper?
ties in Louisville,
Kentucky.
For year ended Oc?
tober 31, 1919, net
t earnings, after de
ducting interest
charge? on bond? out?
standing, exceeded
three and three
quarter time? annual
interest requirement?.
Price to yield 736%.
Ask f?r Circular 502.
Bonbright & Company
Incorporated
25 Naseau Street New York
Philadelphia Boston Chicago
Detroit St. Lout? Buffalo
UPTOWN OFFICE
Especially for Women Investor?
? East 44th fit.
Investment
Suggestions
Descriptive circular on
FRENCH VICTORY
5s and FRENCH 4%
1917 LOAN-mailed
upon request.
Write for special list of
desirable preferred stock
investments. '
We invite correspondence
on all investment subjects.
E. W. Wagner & Co.
Established 1S87, Chicago
fJVeto York Stock Exchange
Members i A?aM! York Cotton Exchang*
{Chicago Board of Trad?
33 New Streets?NewYork
Branches
14 East Hth St.
Mad. Av. d 42<t St.
106 West 82d St.
26 Court St., Brooklyn
810 Broad St., Newark,
Investment
Securities
R.C.Megargel&Co.
37Pine Street-NettA&rK
Miller & 60.
Members
IW^StocfcEotxhdn^
Securities Bought for in?
vestment or Carried
on Conservative
Margin
12OBR0ADWA?"
Branch Offices
212 FIFTH AVENUS
8>4V.C01t.2S'87t?ET
L0N?ACRE BUILDING
H.E.COR 42nder *? Broadway*
NENT?ORK.
The Conversion
Feature
Armour & Company 6?, convertible
into preferred stock, were originally
offered at an average price of at>out
96^2? They are now selling around
109.
I
The ??.-tails of a now short -terra
note Issue, convertible Into
8% Preferred Stock
will be forwarded promptly wh?n
ready If you will send now for cir?
cular T-A.
GEORGE H. BURR & CO.
Investment Securities
120 BROADWAY. NEW YORK
Chloate Hartford Pittsburgh Phlladelshl?
Seattle St. Louis Cleveland San Franc!?*
BORDENS
COMMON
McCLURE, JONES & REED
Members .Wir Votif Stork Km).'
115 Broadway 'Phune 1S6? Beetg?
SNCOMfc Ainu bXCtSS PRon
TAXfcS FOB 1919
a booklet containing, u ?uses! ?>t the
lav. unit survey of the new iViitir?.?
ufOcting 1919 me.une ?rill li. lui
ntshed upon application.
Metropoliten Truat Company
of tli<* City uf New York
00 Wall St. 716 Klfth A??*.
?n
Street is (?till laughing; ovei the $1>S>"
000,000,000 British loan story that
stirred the whole international nnsn
cial world until it was found out to ??
? fake.

New-York tribune. [volume], January 06, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], January 06, 1920, Page 16, Image 16 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], January 06, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924