New-York tribune. [volume] (New York [N.Y.]) 1866-1924, January 30, 1920, Image 17

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New-York tribune. [volume], January 30, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 30 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-01-30/ed-1/seq-17/>

Newspaper Page Text

f/ave You Recorded
Your Securities
for 1920?
A Slock ?n?J Rr,ne) Register
?hewing you? holding? al a
?l*nc* with irK ome t''ue you
each month, and oiher im
portant dala, u invaluable.
If vou desire a copy, we
thai) bf g'?d to mai! tl with
our compliment??oi if ycu
?,ti ??rnd us a lut of your
holdings, we will make the
nereis?') calculations in (he
R?guler foi you without
placing y?'J under any obli?
gation.
A ?are i? Depi. "R"
Robert C. M ayer & Co.
Investment Bankers
Equitable Building
New York
Te!. Rector 6770
Prices on Curb
Move Irregularly
In Quiet Market
dumber of the Oils Subject?
ed to Selling Pressure,
but Decline* Are Not
Large
Th? market on the enrb vras a
btfhly irregular affair yesterday. Or
ttin of the cil share? were under
ttftn pressure at tines in a ?jelling
BOtement that looked like an attempt
to ihike out wsak accounts.
The pressure in the oil ?ist was
directed mainly against the l! ?mei
Held issues, which lately have bee
under fire. Sirr.ms Petroleum and
GiUiland were weak, the f'>rm?;r drop?
ping from 53'? to 5l'a.
Inttrnational Petroleum lost about
?point, wh .- ? an ? Syndicn-.e iff-i
wiling as high as ?S4,2 declined at the
close to 42%.
In the industrial trroup American
Safety Razor was a firm spot. General
Asphalt was fairly steady around 115.
General Motors when issued advanced
ibout a point moving with the price
o? th? old stock on the exchange.
Industri Is
h!M Open. High
SOO'Aeme Cor.'.. . . ?4 : 4
40<jfl"Aetna Kxp.'os. '.'4 1? ,
100 Air R-?Ui:.-:ion. 47 4 4" *?
lOO'Amal T:re Co 17
100 Am Carciy. <?*.'>?? '"4
4100 Am Safe Rar. 14 \ 1 ;\
?500 ?Barnsiia'.! Cp 55 ?7 4
iOO'Br-Am Chem. ?? !>
4200?Br-Arn Tob cp 19*4
?5500 ?do rta. 7 V? i _l i
1100 do reg-. '-''.. 1
200?Car Lt * Pwr 7 "3
tlOO'Cleve Auto. .. 7:
400?Conley TF wi. 254
lSOO'Farre'.! Coal . '. !
2500 "Gen Asphalt. .115 1'.- .
5IC0??3en Met wi 7 7' .'?'. 4
?*G0O ?Gold^yn ?ict. 31 31 \2
12C0 Grai?e-0!a. !'4 1'4
iioo do pf. :-.. r-i
?00 ?Kay Cu Gau. . 7 4 '-'a
2400 ?Line M Cl A. 57
8600?Locomob r. ?i 2."> 25
3200Marconi oi Am 5H
10C*Mercpr Motors 32
iOOt No Am P ? P 5 Ml
Laat.
1' s
;? 2
47 4
:..
'
7 '?_
:. '..
If'1.*
?WNunnally Can 21
2500 ?Orph??um C
i "4
p'ii
32
5 Mi
C1
? 7' a:
7'i
20?
37'
W? ?Patchov-P '? .
600?Penn C & C. 33 7:7.
?1500 Perfect:;,-. Tire 5V? 5 4 54
HM'Prejja T & R. 3 3 4 S
?000 ?Radio Co wl.. 2Mi ?S
HO?) 'do pf. . . . 7 -, 3
500 ?Speer Mfg ,11 ' ? ! i- t
14W Submarine Boat 1514 '
iltO Triangle Film % 34
10C0*T Rota:. C. :?' Ifi'i
1700 "U SHSpT
?0fl?Un Pict :'-?: 15M? :?'
?OOfnit Profit . h : ? 'J'?,
?WD S Uiatr b.. 4" 48
IC30 1 S Steamahip 3ai ? ? 4 3 i
700 ?U 3 Transport i-4 12?4 ?7 L?
Standard Oils
W??. Open. Hisrh !.ow. I.p.s
10 ?gtd o;? N J, - 7?.:
20'Std O,; N V.. ? 47 i 47.7 431
? 10 ?Vacuum Oil. ? 425 125 125
>
2 a
'.''7
35 4
2! <
'
?
16
7'
t'?
other Oils
Op -.. High.
Um.
iO?X)?A!??n Oil.... : -,
4M ?A ai
1*04)0 ?Allied O
1500 ?Ama;-.- Royal 4
RM ?Anna B< v, .?-, 7"
M0 ?Bell Pe?
MM ?Bo. .-?? O .
IttOO'+Boe! m ?V I .
?W? Burknett . 2V4
ItWfl ?Ca? ? ' i
,M0 "Circle O. ??
WO ?Citiea? ; e. 43
JM0 ?tColnrnbU I
1M0 ?Coi tinent Kef I t
???<Oo.de! &
MO'Cuahin? Pet
?|W*Domir ? i
m "Dutjue -
?UM ?
?ISM !
MO ?
500 ?
< :?
1400
IK") ?
not ?
?wi ?
2i0O'
Pet
?Elk B
Eng ? ' '
'Eamera I
'Federal O
'Cilliland O 44
*do pf
'Glei - Oil
'Quttey-C, .^p 34
'????'? ' ?Oil
,??- 'Hertruleu (j I
S?0 ?H O R of ' -
?JO ?Houaton O .
HOC ?"
6
.. v?3
4
4 4
3 i
I
' a
I f,
: ? -
0 17.
? -
I ii
I :
19
i
16
J4
;.
-1;
?
-
6
-
;
? .
19 '/i
,J0*Hud?on O .
?go'Internat Pel
?y'l'.:.. neibl? ?. .
?SS'Kins P
RSS '-?:/. V ? O
l?M??Merr ?? O
M? ?M^> -
gC Met ?-? ?
?Mi,,,
'i
.,;'.'; ???- At
?2*?rod ? kef
,8J*B?d Rori ?j
?22o?1' o ?
% ??tanton O
^^,J^- OU 14 14^
Rfcr*? c*o ios?? m
hS?- '"?"*! '-1 '-'? 20
VV.i/r' ':"' ''"'* '!^ : -i
?^?-?'v'/*;j
Kw??KS 9
/???WowU in ? .
^ Min?nj
>//;.,r''' ?j '?y/
t?l,ri'>",r (
?fS?f?i; "?'? ?
; 1;
' ?
118
1!
2%
' '4
19
ie
! ?.;
62
1
107
IV4
3!
; 4
I ,
t%
i'i
H ?zh /. >w .'
2 ?
?i
21
'/*
?,
JJ?. r '' '; '?'? <t t ti
?i
i i
'i
4%
',)
i.
? -
i
4%
The Day's B
U. S. Government I
Transaction?. '
liberty 3M|S. 1947. ?ST?? ?54
do 1st 4.s. 1947....... 29 000 453
l;? r'\ Is,1 UMr. 216>00. 4:66
do 1st 414s. 1947. JH.'JUO 4.79!
d< -d ?Ma. 1PI2. 2,486,000 4 81 I
do 3d 4%s. ?928. 3,4M 00O D-26
do 4th I'??, 1938_ 3.2?7>00 4%
v?ftory 4%8 1923. 2.15L0OO 6 22
?*?? 1923. 3.123.000 4.21
Quotations
_, . Net!
, .. ?,, High. Lew. Last. Chge.
Liberty 8%a. 98.90 98.74 98^0 ?
3? '" 1s. 91.56 91.50 91.50 ? 09
?? ;:,i f9. 90.66 90.40 90.40 ?.IS
do 1st 4%s.... 91.88 91.64 91.66 ?.20
?Jo '.'1 l-ia- 91.00 90.51 90 64 ?.aI
do id 4%s.... 93.42 93.16 93.32 ?.14
do 4lh iVis- 91.20 91.00 91.06 ?14
Victory 4 %?. 98.30 98.06 98.06 ?.14
d0 3%s. 98.20 98.US 98.1-1 ?.04
Bid and Ai-kod Quotation?
? ?y. ^ , Closing Closing
Liberty loans, \estorday. Wednesday.
?l'a?. 1947 .... 98.80? 98.90 98.80f?? 91.90
1st 4s, 1947.... 91.54(3 91.70 91.66? 61.73
-d 4s, 1942.... 80.40? 90.46 90 58t?? 90.70
1st 4%s, 1047. 91.6?!iii 91.90 91.81'$ 92.00
-'?J 41.4s, 1943.. 90.62'<? 90.64 90.9(?'S 80.98
3d 4Via, 1928.. 93.28?t 93.32 93.42-1$ S3.48
1th 4%s, 1938. 91.021? 91.0? ?l.l?t? 91 20
Vic 4%s. 1923. 98.14'r? 93.18 98.18(2 S8."0
do 3%s. 1923 98.10? 93.14 S8.18? 98.20
Pre-war issues :
2s reK'. "30.100?/?? 101
2s coup. '30.100V4??'101
3s rcsr, '46. 89 ?92
3a coup, '(C. 89 g 92
4s reg. "25.105%? 106%
' 1 coup, "25.105 itS 106%
2a Tan. c. '36. . .100 ?a-101
2s Pan. % '36. . .100 ?101
2a Pan, c, '38. . .100 ?fi'Mil
2s Pan, r, '38... 100 fa 101
? Pan, re??. 88 Gg? 90
3s Pan. coup.... 88 <ij 90
Phil 4s '34. 90 ? 95
?io 4s. '35. 90 't? 95
do 4s, '36. 90 @ 95
<B>
Foreign Govt. and Municipal Bonds
(Inttrwt To Ec Added)
Bid.
Ansrlo-Frer.eh Extern Es, 1920
Argentine Intern Es. 1945.
Canaiia, Dom of. note?, 1921.
do 5s, 1921.
do 1928 .
?ic 1 029 .
do 1931 . 91 %
Chinese Gov Hu Kk By ?is. 1951 47
Cuba Extern 6s, It 14. f-1%
do Es, Serles ?. 1949. 85
do 4 4s, 194:1. 75Vi,
Dominican Rep 6s, 1958. 70
?ity of Lyons 15-yr &s. 1934... 90
City cf Marseilles 15-yr 69, 1934 90;
City of Bordeaux 15-yr Sa, 1934. 90'
FVench, Paris Citv 6s. 1921...
ap Gov 4;-.s, r.trlng In, 1925.
c'o 4%o, 2d ser, 1925.
do 4s, BtrlnK In, 1931.
rap, Tokio City 5s, 1953.
'. KG8&1 5-yr 5%s. 1921.
do 3-yr 5%a, 1922.
do 1 -yr ." x -., 1929. 9-1
?!o 20-yr 5%s, 1937. 87^
M,ex Extern strl 5s of '99, 1945 ?
do Extern gold 4s of '04, ly54 ?? Z?
(Sale?)
Anglo-French 59 ;Jap 1st ser 4 H*
POO. 98 2,000. 74
If? 000. .'"?til do 2d ser 4%s
4.000._ 96 j 12 000. 72%
1,000. '.'6 ? 10,000. 72%
25,0(10. 95% do stlsr loan 4s
0 .... 96 ! 2.000. 53%
ix. 000 . 951J 10,000. 5S
39,000. 95% 10.000. 58%
000 . 95?? 2,000. r.9%
8, 00. 9'.% 5.000. 58%
.1. 95if Hep o? Cuba 5s 1904
0 . 95% j 1.000. 91a?
5,or??1.. 95? 8.000. 91%
6.000 ... . 95% U K of Gt Britain &
! 000. 95% ? 6%a 1921
City of Bordeaux 6a il,000. 94%
. , 9 1M 1,000. ._95
10 90V? 10.000.94%
. ' _ 90&? 1.000. 95
... 90?, 5.000. 94%
. 1 ? ona 6s 32.000. 95
LO.on 90% 7.000. 94%
.... 90% 5 OOii. .... 95
. . . 901 . do 1922
. . 90S !-'.r,r|?. ?l5,i
City of Marseilles 6s 4,000. 94%
90 000 . 90% 50,000. 94%
?'non . 90%' 100.000. 91%
90% 1,000. 94%
City of Paris Cb 100,000. 94
1,000. 91%! ?" '929
17 000. 91%. 10O.000. 94%
1 ' 0 .... 92 4.000. 94%
1 OOO . 91%' 39.000. S4
[,000. 92 ' 9.0O0. 94%
City of Tokio 5? 6,000. j4%
2 000. 58 do 1937
D"m Can 6%s notes 10.? 00. 88
- "? 1,000. 88%
.. --->.98% 14.000. ^S
-? , ] 9' ri 4,000. 87%
SK" 10 0. 87%
. 9."", 1,000. 87%
. . 95% 500. 88
. 95% 25,000. 87%
'A
32,000. 87^
18.000. 87%
97% 46,000. 8"%
1/ i. 97\ 16.000. 87%
do 1926 N Y C 4%s 1957
s i 000 .. 94 May
H 000 . 93% 16 000. 99%
.lao l-it ser 4%s do November
..73 1 000.100
-. ', do 4%s 1963
. . . 73% 8.000. 99%
:; ' n . "?? \ do 4%a 1905
3,000.100
1,.%
Raihvav. O'.her Corporations
* r, Gi 'd M ?s 1 do rf/ 5s
. . ,,; v 2,000.63
.. :?: 4,000.62
\rn -?? < h cv Es 1,000. 61 %
98% 2.0OO. 61%
do cv 4 %s
... -, m .9774 11 000 . . .60
?m malting 5s 1 000. 60%
. 81% 6,000. 60%
< 84 Va do gold 4s
... 81 !" 000. 64%
Am T & T cv 6s 3.000. 64%
. 19% 1 . 64%
, ""?. 64
... . 1 . IM%
?'oon . . 99 do s? i 3%'?.
lo ce! ."s '?'? OOO . 80%
. , . 82% do S?v 3 %s
' , s 1 O^O. 70%
: .. ;;\ : 000. 79%
;. 8-% Beth Steel rf?j 6s
?? -? '. 85%
? ???'? do p m 6s
. . 7? Vt 1 000. 85
? o 4t<?s i nxn , . 84%
. .. 83 | 2.OOO. 85
non... ... 83% Bk)yn Pap r 7s
A T * ; F adj 4s - . 4Ri^3
' 000. 70 . do rtfs of depos
2 000. 43%
BrunswV A W 4s
1 000 . 73
Cen Foundry 6s
,000. S^%
is Con cf Cr\ Ry 6s
. ?., ; 1 00 . $9%
9/100. s:"^
Cen ; < s?her Es
. 95%
70%
68%
A?! ?? C V I.
?td
.! ,
" 'X .
."i , ? * O CV
1 ? ' 00
11
1 00
84% 11.'"">''. "3%
1?", 000. 73%
il I 1,000. 73%
2 2% 2 2%
?% ?? 42^ ^
3% ?:i 8% 3%
lfj 1% 1% J''*
u.i?, Open. High, low. Last
700 ?Con? Vir SIL. ;% j% Z* '
600 Cu ss?n Con C>
1 100 ?De Beer Con.. 42'
; r,'"'??? *! ' .'? Exten
" Kl alvador Sil 3
?K irefca l'r m 1 ;,
' K, rekaliolly 73 73 ,3 73
? ,, > y - r. i n <? M. 1% "'? J-Vjl ,' ,*
< l ?Gadsden Cop.. l'a 1% 1% ?Vu
?G, -i '?ont '? . 30 30 ?8 29
de, Gate.. 1% 1% 1% ,?%
? . , ? Go .!"? Id Cona V- 13 19
? , .j ??... ''??;. !!% T? 9
? . ,?, i Mer 8% 3% 3% 3%
? ),; Bend '?'? '-'? ' :
?s'? 4% "'? Jt>
? . ? i ? ?. ? ? 27 25 26
, o ix ' ?? 7 ? C ||
1 ,??.? ? ? :,< '.: '.''.: 2 2%
. i . , (, ... id? ri., lo 9% 10
>,a Con? % % %
1 100 ? Ma? m? Cli.-f % %
'IMiirih Min 24 24 3'1
'?'.-. % % % %
? ?? n Min Si ? % |?
100 M? th< rlode Cop 6% 5% 6% 6%
.- ? M M Ltd . 76 7? 76 76
1100 vx it Tin ' orp 11% 11% 11% 11%
?.Nevada Ophli 37 ?7 37 37
x , ., g Mtn 11% Il Va I 1% 11%
', A 1-. !% )% VA
?? m t Con ?t 1 if <i
" ? .", / i r>n? 0 9 8 8%
... Hot? > Qrouv M K >t % f,
IQQtimme? Copuot. 17% 18 17 % i7Ji
?oiid Market
N Y C & St L iat <s
4.UO0. 79?,
, 1.000. 791
?lo tic 11 4a
?
C & Alton 3%a
1,000. 304
C ? & Q-Ill 4s
5,001?. 81
C B & y Joint 4k I_
4,000. 94%IN y Kys adj Ca
1,000. 94 i bwuu..
12,000. 94% N Y lel ?leb 6?
5,000. 94% 2,uo?.
C L S & H 4 4? l.OuO.
2.000. 82 9.?00.
C M 4 St 1? cv 6j Co 4 4a
Sortes B E OUO-..
3.000. 66% 2.U?0.
do Freni 4M? 2,'JUO.
5,000. 75% . Norf So 5s ter A
2,000. 75 4 ( _ 1.000. 53
67 4
?M?
94
93% !
SO
80 %
79^
10.000. 75
do cv 4 Ms
3,000.._68
8,000. 6:5
2,000_
5,000. . . .
tlo ri ?r 4 4s
1.000...... 58 !
1.000. 57%I
1.000. 5841
?, de)> 4a 1934 1
9.000. ?7)941
2,000. 60 I
Norf o? W con 4a
l.Ouu. 76
do o,-. 4s
_I 2,000. 75%
0.4 North Pac 4Mb
67% 1,000-".. 78
I do 4u
1.000. 75%
24,000. 7?<>?
4,000..
do 2d
S.U?0. 53%
4.000. 53%
75%
1,000. 68%|Nor Stale? Pwi fa
1.000. 58% 2,000. 83
do gnl 4e Rer A ?Ore Ky ? Nay 4a
2,000. 6* i 1.000. 77%
4 000 . $7%'Ore fchurt Line 6*
do 3'w,. 1.000.100
1,000.._58%! 4,000.lui
do 5s C A P W dvj do us
1,000. 93 I 1.000. 32%
C & Nwn o f 69 do 4b
registered I -,00". w?%
J 000. 94 4 Vhr~ ? & E "B
do Kenl 4e L ?''?V'",;.'.-"- 6l^
5,000. 76 '"ac I <V 1 ?a
C P. l'& P ?enl 4s 4, 1,000..- 87%
1000. 72% ?etln c"" 4%
do rfg 4?
1,000. 65%
7.O0O. 65 4
4,000. 65%
2,000. 65%
C ? Went Ind 4a
2.000. 58
3.000. 67%
Chicago Un Sta 4%a
Series A
6.000. 81%
C.O00. 82
Chil* Copper 7b
1.000......1054
?o 6?
2.000, ..... 90%
1.000. 91 %
do ;">? iaC8
6.000. 9014 '
l.uoo. ??o?.? <
8,0.. J. 90
2,000. 90% !
41.000. 90
do gen 4 4b
1,000.._ 81%
10,000. 81%
11,000.
10,000. 81%
10, ?00. 814
i'erc Marq 5a
6,000. Rn%lm.-i 5A0?r"4A.jA 88
?CO00. 80% Ul'ia1c,?nf;?i9-- SQJ/
S6 000 io?. 3,000. hH4
moo:::::: \^ ? Bait * w 4.
C*l & So 4%s 8.000. bjVa
w:::::: ?j$stLiMftS4.
6,000.72 ? *, r p* r4,:
Con Gu cv4 7a w i &, ' ? in
1 r, oro 0'"?T4. iu.uuu. o?
z'nnn.,?k* St L & S F sen 6c
moco:::::: "9% . 1-00?:.101%
do eon 4n
1,000. eo
do 4b aer A
2.000. 67
2.000. 66%
?i, QO0 67
8,000. .:.: 66%
1.000. 56%
do 5s ser U
1,000. . .
1,000. . .
do adj 6a
1,000, . .
Corn Pr 5a 1934
1.000.100%
Del & H cv 63
?,0oo. P4
6,000. 83%
do rfsr 4a
2,000. ..... 77%
Den & H O con 4*
3.000. 63
1,000. 63%
do rfii 5s
1.000. 44
1,000. 43
do ctts of depos
2.000. 42%
Detr ?dison rfg: 6s
1940
1,000. 89%
Detr U ?'.vb 4%a
10,000. 67
Edison' B 111 of Bklyn
con 4 s
1.000. 75%
Erio Ist con 7s
i.000. ? ^^^^^^^^^^^
do pr lien 4a -, 7':'- "4?"
1 000 64 ? '"
1.000. 63% ; .,'. . Si
}'0oo. 53 So Be,j T ^,-r;'
L.O >Q.>4 - -. ?. -
do gen lien 4b ? ' at
i.?nn. ?? so r-?? "? t'r.? ' "
67 U
67%
6 04
60
60%
60
41%
41
3,000.
do fnc Ob
2,oiio. ,. .
?i:ooo:.:::
St ?. Swn tat 4
1,000. 62%
6,000. 62
do cor. 46
1.00'. 51
Scab Air ?, rfn 4??'
2,000. 39' .
Erie-Pa col 4a
1.000. 79%
2,000. 704
O Bay & VV dob 11
4,000. 8%
0.000. 8
Heck Val 4 %s
1,000. 714
Hud ft M rfar Es
1 000. 67%
3.000. 57
6000.,
5.000. 67-a
6,000. 67%
HI Centiai 54?
1,000...... 91%
in n
do cv'
.102'-<
.i''::;!.
.1 . ?-?
8*
i oon.
1.000.
4 nor.
do rf? 4h
l.ooo.
1,000..
do f" Ja
70
11.4
79%
TOW,
'. : .
?7 4
?>.\
: ?
70%
1 OAO .
do ?3 T.- Te
3 000
Sontrip-n Ky
8 0 10. ?3
India?1.". Steel Sa
? ?. 9 _
1,000. 18% do 4, .
4" 000. 18 ?1 nnr. 59
. 17% Tex f- r' If?; 5s
Intbo H 'r rfg 5s i nor? m-,
2.' 00.0% TV,',,! ?... adJRs
S.001. 50 % ' ' . -, 29t <
7,000. 60'i t< ,.- ,. 29
2.000.i0% aa rt* 4s
I'.-it Mer Mar 6s 1 ttne, ^%
4 0 ?. 93 Tinton r?->e'fic'fis
Iowa Central 4s "''... mit'.
2.000. 40% :> -??. ift-ii
3.OO0. 40 . 1 - . ? . . , ? '
K C Ft R & M 6s 1 Pii'i JOT
8.000. *. 9% do
Kan < ity So 5s f ?? ?? '-'?''
?- 000. 71% i ?VV.;. cm;
?? 000. 66%'
; ? ?. 56
i : 00. 56 Vi
Kentu -KV Cen 4a
2 000. 73
;...?- .' 7. ?'79
I" 000. pv.
do ?!? 1931
1.000. 1.24
Lehigh \'al 6s
; 000 . |O0
.10';?.;
. '.?"%
U?(rett ', M 7d
2.0c.1104
;. ;. N unifl 'd 4 '
: 000. 80 4
L & N St I, ??)
do So Ry 3? int Is
1,000. 65
Mich t""n? ?leb 4s
l,i 00. S!
M dvale Steel 5?
5.000. 84%
4 000. 7 1'
1.000. 81% " S
Minn i- St ?7. 4 ?
?? ???O. 38%
M SI P ?S S S M 4*
1/10(1. 80 7 '?-"
M K >'v T ?it 4:i
5.000. 58% ""? '
do 7.1 ii .
?. 28% '?"? *
Mo Pac ?.:? n <n
l.oon .... 56% 'V. ?
Montan ? Pwr f.:i
.... (5% ""?' '
N Y C ni d b 7.
1
do ?i ?-: 4%a "'"? ??
2.000. ' . . 77%
(io '?
er ? ' ...
- n -
- .? - -,
68
66% i
?,....,t
|... c.
2,000. Ri
Ralea. Oren. Hipih. Wen. Ijuit
1200 ?Silver D<.\ M. ?% ^3
, 1O000 Silv K ef A.
: ?:,00 ?tSilv K Div..
; 1700 ?t? ilver Plclc.. 0
8000 Stand Sil Lead %
6300 "tSueews Min, 6%
1200 "Sutherland D. 3
1200 Tono Belmont. .7
I 5650 ?Tono Divide . 34
777 I ?no F7. ten.. . ?:>'.<
1700 ? rono Mining 2%
fj 0 I nitc i Eastern. 4
30? 0 ? V :- Cont M 94
TOO fnlty (iold M c 4
: ?:oo ?i v'i? t d ? j o?, i?
: 'W End Cons
?'?n 1 W Cap? Min ? '
? W C l'^t ?ap) 2%
300 ?Wh !'? Knolj i>f l %
21 0 1 Gilbert Min.. 7
Hontls
Halm (000 omitted I
10 ?Allied l'Hi'k ?'??
1 ?Am T <v '17 '7'l
5 ?A naenndn Rs . .
12 ?All I rult 7a .
1 ?li.-iK ?ivt ? ?. '21 98%
40 ?nal? 611, '77. . . . 96
, ?< ? C<4 St!, 6? '.
6 ?Int?) 1t T 7e.. . 69
;<i "Haas Ovt 5%s. . :
: 0 ?ilusa <;?.(. 6%a, . 71
20 ??nv?w (,vt ?%?. 'J0
%
3%
64
'-' a
' 8
Open !II-h. Low. Last
82% H -T? 82 R2%
'.?;'', 96% 96% 9l ;k
94% 91,% 94% 94%
07 97% 97
99 98% ' ?
904 9! 4 96
87% 8.'. ?? ???
11 69 ?. ?
?1 29 :'.
." 1 ;: :: :?
90 H!<4 9v
?UnlUt*d- ?5?)la e^t-f* par ?hart.
OU Prospects for
1920 Are Good,
W. C. Teagle Says
Standard Oil President De?
clares Industry Can No
Longer Trust "Wildcat?
ters" to Find New Wells
The prospects fcr the oil Industry
during 1920 are good, with the excep?
tion of Mexico, "where the situation is
chaotic," according to Walter C.
Teagle, president of the Standard Oil
Company of New Jersey. Mr. Teagle
made a statement to the press on
petroleum prospecta yesterday, apropos
of the celebration of the fiftieth anni?
versary of the chartering o? the origi?
nal Standard Oil Company.
"Oil ia an essential indnsti'y,*' he
said, "essential to the everyday life
of the civilzed world. It in not a
product for which a demand must be
created. The demand exists, and one
of our chief concerns Is how to supply
not alone the present, but the very
large increase which the futura will
require.
"Now uses aro continually being!
found for petroleum products. We
know that the percentage of growth of
the oil industry during the lust thirty :
years Iris averaged 8 54 per cent a
year. This may not seem a large fig?
ure hy itself, but when one applies it
to the Quantities being consumed to?
day one realizes that it ?does not re?
quire n statistician to appreciate the
magnitude of the problem of supply
for the future. :
"During the last year the United
States has produced a iittle over 1,000,
000 barrels i day of crudo petro
o total of 376,000,000 barrels, a? ? . d
ing to the government's prelin
figures. In addition t, this, there has
been imported from Mexico about 60,
000,000 barrels.
Future Oil Needs
"The petroleum indu: try in thla coun?
try, therefore, used ?luring the last year
a total of approximately 436,000,000
barrels. Apply 8.54 per cent of in?
crease, and one has 37,236,000 barrels
additional recruired during the present
year in order to meet tin increased
demand based on the actual figures of
past experience,
"If this percentage of increase con?
tinues ami there in no reason to doubt
that it will -then five years from now
(in 1925) the petroleum industry in
this country will need approximately
650000,000 barre!?, or an increase of
220,000,000 barrels as compared with
1911).
"These figures give rise to a natural
query as to where tliix enormous quan?
tity of crude oil ia to conic from.
"We lure endeavored to do our share
in providing the increased quantitiei
of oil called for by the needs of in
dustry, for you may rest assured that
every man in the producing end o?
the Standard Oil Company of New Jer?
sey is keenly alive to the pressing ne
cessi v a largi ly increas? d output. It
is no longer safe to trust to a large
extent -,o the work of 'wild-catters' in
bringing new soun int? production.
" ! his >? mj anj ha i undi tal h ves
tigation in fields where prospect . ? ?
immediate return arc not . iffi
good to induce 'wi d-catters,' or small
companies, to assume I he risks. I
year 1919 the amount of crude oil
brought out by our sul id . ......
associated companies showed an in?
crease of a little better than 100 per
c nt over their production in the pre?
vious yur.
"So much for 1919; how about 1920?
The prospects are good with the ex?
ception of Mexico, where the situation
ia chnot c.
"In the n?--w Homer pool in Loti
the Standard Oil Companj of I
xxx I i been aci iv? i n acq ..ring a
large acreage. It may be m? nth be
fore we will know just ,vhnt thi
Louisiana company's daily pro? '
will be, owing entirely to ,: " iack of
pipe lines and adequate storage facili?
ties. At I he pro int time
i unning about 25,000 bai re
I 'x m il- mer, and have shut in,
ing th?1 completion of additional
lines, ? each one of tvl
estimated to have a potential produc?
tion o? from 10,0( ? to 1.5,000 ba rr?
a day.
"At Hewitt, in Southern Oklahoma,
a few miles fi m lit?? Idlon, a promis?
ing poo! is being opened up. Both the
' artcr and Humble have ?.ohh: : i il e
acreage there.
"In '.u exploration and development
,i ' p odu? : ion out sidi the 1 nil ed Sta ti :
. . .... lucing depart : ?ent is ca rrying
on tin act i\ e campaign. '! he pr?
? .' cy of i he ? Landard Oil Company I ?
to be interest? d n every roducii
area, no matter in what country it is
sit ual ed, pi o\ id? d ?nteres i a ? an be
obtained on a basis that would seem to
ho : out the pos ?ibi ties of succ?s i,
and w ei ] ? '?'?? and prop?
An ...... citi: ns ill be pi ot? eti .'..
Standard Oil Abroad
"This company is not onlj operating
..: Ruma .. i but : ? also inv? sttgat n
iretive ?i pre lucing properti -
where in Europe.
"In S? ut h Ami ric i we have o I
. nd !? . ???? ?''? ing
c un ries and procuring such tract!
in their judgment might vvai rant
actual development work The Inter?
national Petroleum Company, Limited.
. ndard 0 i subsidiar; . is ai rangin ;
lor an increase of 100 per cent in its
drilling campaign, and tlm testing ou
of a further con idem! I p< rt n . .
its large acreage in tho South Arnei
can field."
Freeport Texas Co. Fails
To Declare Quarterly Dividend
At ;? meeting of the Freeport rexas
? v h? 'd ? Wodn? lay ?1
?c ?ed to declaro .i lividend on the 50i
000 ! ires ol ?utstai ???.; stock, v,, i ?i
foi . ' cen i x larterlj : I
T! ? slow r? co". erj ? th? dem? ti?
?r mat ffects
ovci ; i d luct on durii ?; *; ...
? ?:, ntli of I he war, enta ing the dum -
out put by cert ?
low prie.-, thereby disorganizing ti*
.....-? ,.-. .;.-..' ns : ? ng chii fly re
sponsible Tor the action of the board
Resolution of the board in reference
to the passing of toe dividend as is
sued by President Swenson aftei
tho meeting of the board follows:
"Whereas i*n tho opinion of directors
it Is desirable to strengthen the cash
position of the company, it is roso y? I
that no action be taken on tho divi?
dend as of this date. '
Slierwin-Williams Offering
- , {t5,o D 000 7 per n cumu?
lative profci . ' x of the Sher
W,| , .... . ? ipi xx rec? ntly I urc a ? n
I,,- the Cleveland Trust I ompany, Bor?
l?n .v Borton and V\ illiam A. Roa i ?'
Co v i 1 be otr . -i f '?? ib enption b.\
them early next week with accrui .
,i . id? nd. ' TI e c< mpai v. o o of th?
|ar)?(. ? manufacturers oT paints in th?
world, v ai i tablii hed in I860 and m ?
,' perales ? -'< m ?' ? "' >i',:) ' V in;s> '-''
war? !.. uses and ?O retail ?torea
Hunkers !?? Meet at Canital
The forty-sixth annual convention of
the American Hankers' Association will
1,.. held at Washington, D. C, ?< n i
the week of " ??!' r 18 R!cl l I ?
Hawos, proB?d?nt of tl n a ?
,j h -, v :. ... , . ?n?| ficf'-P-i ??lern
and Guy E. Uowcnnan, general aecr?a
Ury, compriiie tho program committee.
Investment
Information
In th-.g department The Tribune will
f ri row the light of such information
cs is at fa command on the tnt)?*t
mcnt problem? of its readers. The
utmost eare ie used in the compila?
tion and presentation of such in?
formation and we believe it to be ?e
pendable. But we wish especially to
emphasize to -ur reader* the fact
that neto developments of sue.'" im
portetv.ee es to greatly chan.i* ih>
ttatus of a security are Constantin
taking place. Therefore, es a matter
of self-pi otection, the i ivestor should
make it i poh I to keep in close touch
with tht affaire of the companies
whose securities he t\as purchased
and with general developments bear
j xng upon the value of such securities.
Constant watchfulness i* the best
safeguard the inventor can possibly
he t e.
Question? of general interest to
inyectara will be answered in ?Ai?
column, ir. which core only initials
?? ill be used. Other? will be an?
swered by mail, Addrese all in
'!.'??' ''''. closing a stamped, ad?
dressed envelope to Financial Editor.
The Tribune, ISi Nassau St re-it. New
York City.
Seeks Good Preferred Stocka
Question ' ha ?j ? hich ( would like
. j ?elding 7 or S
? 'e n ' : our ? pinion as to
1 ... ,, nuid i ,. tne gaffed .
iv. ... D? iglaa Shoe Company 7 per or?r:;
prei. rred; a. ? . Sayl i ; Son Company, i
? <t. I.. 8 pet.it cumulative pre
erred ; Cities Service Compnny 6 per cent
cumulative preferred. Also, about five years1
ago I purchnsed ome iharea of Federal Min?
ing and Smelting at 50%. Do you think
there is any i kelihood of thein regaining
n ie . T. C.
Answer -The preferred Btocks you
?vhi] probably well ? no !mr.
se ired, arc not listed on any exchange,
H"d, with the e: : I ? : Serv- ,
a very wid ? market.
: Rubbei ?? p r cent pro
' long ':? id? .1 ' r? : !
. while Vir?
ginia-Carolina Ch? nica 8 per cent pre
er ??? : ; . ?1? ?? over 7 per cent. Both
ara listed ? ew York
1 'oral Mining ai d
Si rie very well of
?nd was re
?' ?'?'?' d ::.." August t- ? percent. There!
are now : imu il I lends on the!
mounting to 11 34 per cent. !
The company earned, after ?lividen?!'* !
for 1918, $285,440. Several mines were
cli ' di n. ?lue tn high operating i
ful ure may show an lo1
provement, but costa of operation will
' '? ?? ' i me d? (vn to make a good i
showing, j
No Reason for Selling
Questlor -Am b small investor. Bought
\nv :an Steel foundries .' per cent
preferred tr. ! Willys Corporation 8 per cent
:? ' red 1 .? ? nd shall . ! ild or sell
the .' '\m planning to buy Northern
StRtea Pown Company, preferred i per
cent. Wi I? y? u ad rise mi ,. Io b. 7 P. R.
1 i ee no particular reason
to ?ell ' '-? ? n Steel Foundries pre?
ferred and ft I ???? Corporation pre
erred u '; is time. Y ?;: bought them
ive ' ment ami there is no
a ? . f these com
? v. hich would
ca : ? you to io E your holdings,
ling bet -
irnii a' present than f?
eral yi ' preferred i ock ap?
to be enl : ?ood ral'ng
? ?
Not An Easy Selection
? ,? ii ? ?on ,V,I11 y? ' ? as to inform
me . i ihii to be the ti n be! : r:r7
thai ??,:!' purchase 1 around
the prevailing prices? ["hose wh'ch ?-ill un
btedly m ' hei - pr? sent dividend?.
I you ad ? which of the iol
I nvi ,- are ha estments : American
Heel Sugar common, \mercnn Ii de and
?- p eferred, ."? tt : r t ?can Zinc and T.ctd
preferred Cuba ?'am- Sugar preferred, Free
port Texan, Miami C ppe .-? 'w York Air
ShattncK \-r na, fol eco Produc?a
cornu o . : ' ' ' loj .- .- u! ,' VV. A. C
Answer -We '.un only tell you of
i f t h : i i ? :
, -..'-. more than th? n >unts of
th? ? ' ' '. i We do not
? . ? IV i. ? ? ? ? U11 c ..'?.. :. I i i v.' : I ! .
. .. . : .,! t '?? ? m, ? ; v\ !" hey will
coi nue ?; pa; :". r r!i<'i
rlends: Mi? igi n ? e: t South ern Pa
i ? .-. nion Pacift? Cln mi i'he & I ;.
[>ere Marquetl no Cle
:?? nd, Cini ? : ti, Chica :o ?-.: > i. Louis :
Mow V ? ? ? ' I ?S S I Oll' .-, St.
Loui 5 ?S - :o no di; id? nds).
None ? ? ? you mcnl mi.? en
ed ti t 1 h in /es : rating.
: . ? ? ?? i .'? ' . and Li ad was
forced irpl r.ccount
., nd on tho pre ferred
191.6 Envnin fs la ?ai
ed to be 1 than in 1918. Cuba
Cane Sui ?wing incr? >. ? earn- i
. ?;.- . ; - : ! however, is
not em Ie? ? ra ' b use
. I - ? -? '" : -
? ow? ?- . ?? on? .? ... peri >d.
?.-. . ... . ? [id ind ither is
'?.,-.' T:ro- >
erred ) per cent in ar
divid ! the ' '?
native They
How he ourse of the mar- ;
7 fir < ' id, , il an . an
!
Goldwyn Pictures
. ? ? forra me i
..,,,,.. ? . . ? ? ? ! if :.-" of
? . v h -.: is being
rni'e-l . '? ? b? H !..
*."' ? ? I ? ou what th?
??-. ; tvill . ring c rt'ii for '? ?ol Iwyn
Pictun ? ? ; : picture indusi ry
y 1 re to sta Thi - ce m J
pany numbei ig tors met 1
inent in ';:'1 financial world?
There is no statemen! ; vailable or
, )rnpany is ?-." lining.
Xh > stock must be ?' lered . ? ? ;
:., ion until tin '. ' '? - ,; ' " "'?
? ? .
add that if " ? ' ' ' woi
publ "' ' ? ' their op:-ratio:1.:'.
more frequentl; he s kli der wouid
.......
Home! '..^.t Mining Coi pany
ia.'i ar?s al
?? f tl Horn? a ?? --
?.lining ' .
. .-i'.-,1.id I .? ? , ? ' :
m Ni? 1 companj h? a
'?.'?.? ? ' oi ? .'
: hare a mon h have een ?: ? mtinii ?. due
u fire in the mine ? rki i. indly ml
.:..??...... ?? | ?,;,? .-a'-?
' ... h : ir ? rrii ?ng pr? perty and
. . consi 1er the investment a cor
ne for me. a retired rr.an requiring t:?e
ild age A ?suming i sell part or
Bl ,f the itock, would you kindly a-i\if
rn? hat stocks to purchase where the divi?
dend can be almost certain to be mair.uv?!i?K? T
? H. O. B.
Answer ? Th? Homestake Mining
Company has made no report of opera.
1918. We are unable to te :
? ?. ? e fires in the mines will
.ze. Mi: ?' - ar? ot good in
nts, as a rule. Qui ?? na ural ty,
you do r.ol isposc ol a st? ck
to such low levels,
if thero is no incc :
and i t ; . ::?cinio
ght be wi-;?
? pure! " : ? i ' :
Mm.?' ' ': ' '" ? V'
cent S mi ? ' hes? are American
Siii/ar Refin ng ' pre ferred, ! in ite?
- .. i ? ?? n-.ral 1
preferred, Amer can Tobacco preferred
and United States Rubber first pre?
ferred.
?our full column? of in
j vestment questions ami an
\ sirers are published in The
Tribuno tarv Sunday.
Bethlehem Steel
Plants Operating
At Full Capacity
Earnings of Corporation for
1919 Were Equivalent to
Over S19 a Share on
Common Stock Issues
Preliminary figures made public yes?
terday by Eugene G. Grace, president
of the Bethlehem Steel Corporation,
showed that the company earned a net
income in 1919 of $15.356,860, equivalent
after preferred dividend requirements
to 19.8 per cent on the f l4.?6-,000 Class
A end $44,5S6,000 Cia.-a B common stock
outstanding. In 191S the corporation
earned 20.8 per cent on it? Junior issues
of stock.
Gross sales last year showed a sharp
drop owing to the falling off in war
business, but for the same reason oper?
ating costs and depreciation ctiargea i
were considerably les9, thus accounting ',
for the alight difference in the net re- i
suit The total earnings for 1919 were '
$281,641,907, compared with $448,410,- |
S08 the preceding year. Operating ex- j
penses dropped rom $394,993,090 to
$246,494,153. The decrease in the amount !
charged off for depreciation was $18,
944:114 les3 than in 1918. The total
of $12,566,860, according to Mr. Gr?ce.
was as large as is usually charged off
under normal conditions. In the fol?
lowing tab!e is shown in detail a com?
parison cf the results of the last two
calendar years: j
1919 1913
Gross Bales and
earnings .J2J1.641,i"37 $441,?19,SOS
Leas: Manufactur- i
Ing coat and op?
erating expense?,
In? lulling admin -
and general ex?
pense tax a. 248.494.1 ?S 394.093,090
;.' : ? lanufacturlng
profit . 35,147,749 63.417.T1?
Add ther Income. 2,203,469 3,771.050
Total netearnlngs. 37,441,213 67,lii,7?9
Lena . : terest and
discount . 0,t>!8.2?5 9,741,013
Bt!a;.ra. 37,923,013 47,440.756
?due depreciation 12,66?,163 31.510,35?
Net Income. 16,86?,880 16,830,380
Last yea.'a net income represented !
a profit of fi.45 per cent on the total
volume of bualneas done. New buai- !
nesa booked during the year amounted I
to $20.144.000, while the unfilled orders
on hand at the close of the year totaled ,
5252,449,000.
Rails Are Commandt*erc?d
Mr. Grace confirmed reporta that the
railroad administration, through the
War Department, had commandeered
over 70,000 tons of steel rails for quick
delivery, but added that they would
not be made by the Bethlehem coni
pany at the War Industries Bcard'y
price of $47 a ton. This order, he
said, has heen allotted to the Bethle
' . m com any, the United .States Steel
Corporation and the Midvalo Steel and
Ordnance Company, tho Bethlehem
company's share being about 10,000
tons, Commenting on tho resulta of
opi rations in 1919 and the outlook, Mr.
Grace said:
"All planta of the corporation, both
Bteel and ship, are operating at prac?
tical:/ full capacity only as affected
by an occasional shortage of cosl. The
shipbuilding riants have the capacity
of every shipbuilding way definitely
scheduled for 1920 and in some cases
into the first half of 1921.
"The orders on the books in all com?
mercial steel lines are at a maximum
and in the belief of the management
are in sufficient quantities to insure
full capacity operation throughout the
year New business is offering far in
excess of our ability to produce.
"Thr.: corporation spent during the
year $25.500,000 for extensions und
additions to plant, it will be the policy
of the management tq continue im
;.'ing an.i extending its properties.
"tiood relations between the nianaiye
ment and its employees have been
maintained and forwarded through the
aperation of the employ?es' repr?sen?
tation plan in operation in the plants
of the corporation. The pian pro?
vides recognition for the employees
individually and collectively as to all
matters pertaining to the condition?
,jm .,.;? which their service is rendered."
Booh Value of Stock $225
Mr. Grace stated that reports re?
cently in circulation that the Bethle
:? n corporation had on its books un?
completed orders for ships alone
amounting to $232,000,000 were erro?
neous. In the published report that
figure referred to uncompleted order?,
instead of, as should have been the
case to the value of the shipbuilding
work completed over a period.
A complete accounting of the Beth?
lehem's books for 1919, Mr. Grace
said, would show i\ hook value for trie
common stock cf $225 a share.
At yesterday's meeting of the di?
rectors Harold M. Stanley, a vice
president of the Guaranty Trust Com?
ix., was elected to the board to _fill
a vacancy. The regu ar quarterly divi?
dends on the preferred and common
h^ocks were declared.
Home Oil Refining
Will Be Refinanced
M. A. Isaacs Sever? Connexion
Vul!) the Company; Big
Refinery Operating
FORT WORTTI, Tex., Jnn 29. 1 ' an
point ment of Sam Davidson and B. K.
Goree as joint receivers for the Home
Oil Refining Company is the prelimi
ary step in a plan or thoroughly re?
financing the concern. The assets of
the company are said to be in excess
f its liabi itiea, and the appointment
of rece:vers at the request of londtn?;
stockholders was to meet an emergency
to protect the interests of the com?
pany in leases on the G. L. and Paul
Waggoner ranches. P'or this purpose
$140,000 was needed immediately and
the company did not have that sum in
its treasury. The money bar. been ob?
tained by the issuance o-" receiver's cer
.?:? to ' n lount of $260 000
With the appointment of receivers
? lei ? ? at M. A. Isaacs, who
ice pr? ? ... nt : -. general man
!fr?r, recent'y severed his cnnec+i"n
the con pany and disposed of his
?in ;s. Mr. Isaacs took a prominent
part in the organization of the com?
pany, ii is also learned that a large
amount r.r* promotion stock that was
outstanding has been returned to the
treasury o? the company.
Tho Home Oil Refining Company was
organized about a year ago with
$5,000,000 capital, the par value of
shares being 510. General Charles
Miiler, o Warren, Pa., for thirty years
identified with the Standard Oil group,
is chairman o." the board of directors.
General Miller is now in New York
? ity. Among the other ??rortors are
H nry Ruhiander, president ci ?he St.
Louis ?.V San Franc.sco Railroad, and
".. ?'. Striplin" and Georg? H Colvin,
both of 1 ">.*t Worth.
The principal aeseta of the company
1 n it of a refinery at Yale, Okla.,
which has been in operation for some
me; 5 000-bar ? ' r? fit in ?" on
utskirta of this city on the lire
? :' the St. L? uis & :- ?i V-:>- c re which
has just been completed, making its
"ul rwn of crude oil within the last
day : n Heel if rm re I ai 5'>P
tank cars and various oil leases. The
includ" ' ? ?ide?s Iv.-1.- f the
Waggoner ranchea, holdings in the
Burkburnett Held ami extensive
Sten'n ns r.n?l Mer-?rd coun
: ties. The company is drilling two
?.veils in Stephens County. The com
? ? ? i bus an exclu uve lubricat ing
! plant under construction at Warren,
; Pa. i s ?? Lai liabilities aside from out
itai ling tock it in said will net reach
'$1,500,000. ? ;
I.
Spicer ?
through control of the well-known Sheldon Axle ?Sr
Spring Company and the Parish .Manufacturing
Corporation, is one of the largest motor parts con?
cerns in the United States.
?
Spicer manufactures Universal Joints, Axles, Pro-,
peUcr Shafts, Springs and Frames.
Earnings
Net profits of these companies, after deprecation
but before taxes, for the past three fiscal years,
computed as stated in the president's letter, conies
oi which may be had on application, are reported as
follows :
1916-17_.$2,048,545.92
1917-18_. 3.4*25,?60.4?
1918-19_. 3,286,545.59
Earnings for the fiscal year 1018-19 on the above
basis were equivalent to $58 per share on the com?
mon stock then outstanding.
IV/T *T? ':''' farticulan rraarding Sticrr stacht U
XtXCII 111? :'r?' -?:riXt ?f fnurtten other "matar
farts" companies tent on re
T vnrh quctt ;Vr BnokUt s"sai
& Co.
ISO Broadway, New York
Chitrago Detroit Les Angela
JUtsmirri ?fiXt Ner* Ytri, CAi.-*z*, D*t*wit 4???' Cfodtni S?tri JZxt ?mg*..
Direct frrvatt xutrti tt tkeu nttrktti.
Commodities
?Cotton
A arteaiiy on?ertone throughout the
session win a feature In the market yes?
terday, owing largely to th? strength
of Liverpool cables, good bu'.lr.g orders
from that quarter, and scattered domes
tie trade demand, with considerable local
covering at times during th? day. Final
prf,o<-? w?r* :n pointa higher to 22 lower,
cli crop positions, supported by the Liver?
pool demand, showing the ?treat. Ht
str-ngth. Th.- buying movement attained
its greatest fore" In the Ust hour, when
top lev.'!a of tho day were reached, hut
there w;ih r.o time after th- opening when
the market h?.! any real appearance of
w? ikness, and early u--Iling f..r Wallstreet
nn! South? rn account was quickly ab?
sorbed. Liverpool's strength was attribu?
ted to Spinnern' calling and a goud spot
d? mand for export.
?Ipcnlng s'.'a?y. at a partial decline of
12 points, the market slowly har?;.-r..*.i.
with trtuie more active than the previous
day, Liverpool's operations h<;r,g chiefly
directed toward support of the old crop
months, while South m s.'King favored
the new ?.Top conditions. Continued un?
settled financial, political nn.l other con
d tiona '. nded to limit commission house
business mostly to . . ring of shorts l:i a
?!i:al! way. l.ncal sentiment undoubtedly
ontlnued bearish, but ..s In t. irly ? ?
??.?.M? during the last fnw weeks local Bales,
design? ! t?> take advantage of an
".ted lower market, disappeared In tho
hands of the trade, making replacement
. X: ull
,>,'?, ,. much of this bearish feeling wnn
ba.^id on the foreign exchange situation
and the generally unfavorable reports In
.in ulatlon as to European conditions, there
has also developed a growing belief >:i a.
larger cotton acreage this season, bs ,.- re
i;u!i of high prices and :> wonderful aea
non In the ground, especially in parti of
ill?. Kastern belt, where reports have
clsini. ?1 the beat outlook In years. On th?-?
ether Land, there has been so much rain
in Texas thai farm worl; lu gn-atly re?
tarded In the Southwest. Another point
that may have a bearing on u<r age th:*
year Is tho strenuous efforts being mad??
by agricultural r-g? nts and farm organiza?
tion leaders evcrywh ri In the South to
reduce cotton aereas? and hx.-i-ajo the
production of feed an.i feed crops. This
:n having some effect with farmers, and,
with ihn scarcity of labor and fertiliser
that prevails over rut.?.', of the belt, may
yet ? ffaet the effects ? f high prices, In the
opinion of tnoio who believe cotton Is
. 1 I for 40 o nts. News from the g od
i rki j Indicated a slowing ep in demand
? s '...?' quart? rs and ?mproven ?
others, but generally a good business
ni-. . ? attained special significance yea
terday because of Washington advices to
the effect that a bill had been Introduced
In Congress to h ve? Igato the Increased
prices of combed cotton yarns and raw
cotton ??jrlnfi the period from 19H to 1919.
The lo? al r.pol market wa?. ht.-ni-, and
unchanged at 39.50c for middling. No
?ales were rvpor?. i.
Wertnes
flay'sj
Open. High. Low. ^ Close. cl< - .
May.'.'.' 34.63 34.77 84.41 3l!62@34.?3 34.60
July.'! '. 22.60 32.74 32. 16 : $32.62 32 60
auk. . 31.60 3J.7S 31.60 : ; i ?
Nrov.",',' - - -29 I! 29.65
Dec... 29.50 29.52 29.40 29.40 3>_29.46 29.?2
Southern Spot .Markets . ston firm,
in ha ng ?" at 42.5 :; sa e 1,308 bnl? s. .%'<? .v
? i ? Bteady, unchanged at 23.3H?f ; sales.
i S",:', bales. ' Mobile ? omlnal, unchanged
at 39c; sales, nil Savannah rirm. ur.
???hnngod at :>9.69e; sails, nil. Charleston
steady, 26 points lower at 39.25c sai B,
nil. Wlln Ington dull, unchanged at
J.:,0c. nales, nil Norf Ik quiet, un?
changed ?-. 39c; Ha'ei, 687 bales. Augusta
; . '. unchanged ai 39.26c; eaies, 319
Memphis stead unchanged at 40.50c;
? : s. i.200 ba ? in Pteady. on
changed at 42c; nales, 3,288 bales Litt c
Rock eteady, unchanged a! 39.50c; sales
Dai : i steady 5 po nts higher a;
12 ?Oc i.a..':, '. ?". Montgomery firm, un
hanged a; 39c sal ? r :; Fort Worth
.?:??? dy, unchanged at 41;. 25c; sales, 565
bales.
Cotton fttatisflr*
I.nut Last
Testerday Week Year
Port receipts.... 24,661 50,314 1S.KS
Exports . 7,185 69,889 2C -.
Kxpts Beason. . . 3,1''X .7 3,549.823 2,4::.919
New X or? stocka 58, I ; 5 . ? - ?> 86 "4.
Port storks.1,416.130 1.420.525 1.398,4 s
Int'-rlor rcpts. . 21.510 20.6-9 '. - 10
. ;. t>: Ipmts 22, 170 22,764 IS.
.;. Y. arrivals. . 582- 3" :.
Liverpool 4 ubie?;?Spot cotton fair busi?
ness doing n '. 71 ,- - ,':.;-nc" on the
basis oi' 28 '.'..I for ml Idling Sales
bales, Am rican 4,000 Imports 34,000
bales, all Ano- ?ran futures op??ned lirm
at 29 to 41? points. Closed quiet but Bteadj
c.-. a n->t advance of ? to 15 pc nts Jan?
uary, 27.72d; March 26.28d, May, 24.8Sd,
July, -2 ix. j October, _1.41d. Uece iber
Manchester?Y^rr.3 more doing;
strong.
Cereale
Wheat?Prices x ? ash cheat a1? slowly
. i ? e :?' omii g he re r : de? line
ig y c: st er d?
ai m? ad ...?.?? i ;enta per I , .
. ,. ne a :.- ' gain ?' IS cents luring the
4, - hreo da> ? It was
the d? nand for wheat was v.:. .-' w,
an.. leading m lers In the Northwest were
?uoted as^sasiinij that <'..-? Hour rade has
? ? r as dill In ? ea rs as It is it I
tin.? . nd lha bu - s of fioui a: ??
aba utelj uninterested i ks ol fiour In
the i ?untry are believed : b? very .aric-,
arel whil ? prices .;.;r;:'c the last month
were strong at times, It ?u evident that
the ;ra?i- was not disposed to pay thp rx
treme quotations arx! comparatively little
business was done at the top.
?Torn?The market was under pressure
during the greater part of the day and a1.
one time value? were down % to T*e from
the previous close1. Continued strength in
tho cash position, however, ar.d a rally of
.'; \ r. in the January position caused active
covering toward the r'.oee, and final , x ? e.
ti-r.j -*ere firm, with net ga x - the
da; ' 3%c for January and '4 to "- ? for
the la'.ir month?. '."- ; ortat , ndl
ti?'.H were ur.f?-.:-i for extenstv?
new business, but while some auth i tie?
* In? ? ". to take ;? iea?"ish view ol
he situs :. ... ?? ? '. Oil tho g]
..,.-. ai? well aa lomestl?- i -. 1 Int?? a
Ina n? lal con litions, otl rs dei : -.
i,. ?? were unabli? to ;??- one 'r..1
.n :'::?-? selling side ia . :.g an casi
rnluma continue to hold so fai ; I /e
? a
I'he closing prlc?s compare ar, follows:
Yesterday's Pre' lous Y?n'
NewTork: close cloae a,Bo
v'o'-n No 2 yel. .$1.72Vi H.72 il.41.
f'liicago :
lanuary . 147 1.44'^ l.so
?a:. . 1.35ii 1.35 : :.,->
Oat??The osts market was somewhat
(??Pier early In the day, In sympathy
with corn ami on the recent weakness In
sterling exchange. Exporters, how.-ver
said that export buyers have cash on
hand In N?w Vor'.; to | ?y for their oats
and consequently ar? not dependent upoi
the exchange ??..rk-t. rhls, together with
the firmness In th.- cash position, caused
a lite rally are! final prices were ?c to Sr
net higher. ?Ztp^j-tcrs repj.-tod jiles
?0O.OOO bushelav. "
Yesterday'? Prevlou? Tea- ;
New York: close clos? ?i
'No. S white_...11.69 11.00 80.48 .,
rhlcago:
May .gSH .82% .6?
i Juiy .?6??4 M% -4
Hye?Merket firm.
Yesterday'? Previous Tesr
N>w Toril : elote clone Clot?
Ni : Weitem.$1.85 |1.8?U ?1.6?
Klour unti Meal?(Quotations wom:
Yesterday? Previous Year
New Torlt: close close ago
Minn, pat ... S14.00 $14.00 JlO.fiS
''?rnmi'al ... 3.87^ llSTH 3.:r
Rye Hour.. 8.SOI??.00 8.5009.00 8.5018.- >
Uran . LO.OU 60 00 60.00
Cottonseed Oil
Heavy selling was the feature of th-*
market yesterday, and at one time prie?-?
Nhoweii loss, a of 20 to '.', points. Furthei
weakness In pure lar.! In th" West had a I
depressing influence and the trade also ?va*
Impressed by tl:? poor prospects tor ei
operations, it was Bald compound lard
was selllnc higher than puro lard and thl
Ic I to the belief that values were too hig'i.
On the decline, however, there was actlv?
covering, which brought about a ?harp re
action, and at the close of the day prl.
wero 6 point? net higher n? I point nei
lower. To!;..: rales were 2>l,2o0 barrels.
The range of prices follows:
Wed?
Open High Ixiw Close > .
?spot - - ? ' ? 0? 921.70
F<-h.- ? . . i
Apr. 21.60 21.60 21.60 21.60021.80 :?
May. : 1.90 22.04 21.74 21 I J
J ur..- 22.01 22 01 22. IO 22.00?! 22.f'l
July, 22.05 7-17 21.84 7.7 M . : .' 1 7 ;
Aug. -. 00 ?9 30 22
Sugar and Coffee
('orient Tea
prl'-es sao
.-'Hitar, frranulated, per lb., i;. it-18 S
Coffee, Rio No. 7, per lb... 15 14:;
Coffee, Santos No. 4. per lb. 24 ?
Sugar.?The market for raw sugar wa*
quiet ystirday, with about the only bus -
nesa reported being a lot of 3.000 ban 1
Porto Rico, eo!d to Arbuckle, Rt I80 <"..
liverod. the sugar duo to arrive Monday
it Is said thai trier- nr h number
steamers cleared from Cuban ports an
that arrival? next wt-.-k should be fa:r
h ravy, but It !? bcllevi <1 that there ma)
e crap thereafter, owing to the strike
official cables have rom", through touching
on the strike situation, and ihe ir?.? ? g.
erally han been In receipt of private h
nly, and I hese ha ve b. ? n so c? -
ie that their accu acy cannot be d
1 end I " perat? . nodera?
buying ?nteres? In Cuba for very earl
r?en ranee at 12c cost and freight, with
I e moui ' sugar oil ? : ing
' .- - . ' February . Iunn 1
I al show .in :? ? ? r at in this 1
sil on, but might accept sugars In a pi
pcuition at 12c if th?--y could r - obtain
Coffee faltares?-The
gen? rally uns? .. ed yeste ly, h va
holding within a nan >w rang? On 1
.a ' prices wero ; to .-. points I Igher, ai I
e th ? ? ncy seem? 1 10 f..- to ? ?
ci.ro rflf - ?.- ???,-.. line ?
Iv Id :.. ch? clt by tho Btrong 1 Istl
position Buyers, however, hesitated
? > 1 he fact th : t there h ,
mat ?n the coat and freight ?? irk?
??? ?.v. 1.1 had reached here for Rlos 1 - v
\ :to as. and thl
financial conditions and continued uncer-??)
talnty over the Brazil an t.1 v rnment ?J
sales, held the demand in < "? ?'. I'l J
market was Irregular a* 'vie close and 1*]
???oir.tH net higher to 4 points net low? Ju
? strength sb >\ Ing In : ?.,
J ;i nuai y position.
In the cost an?1 freight market fit
offers from Santos were more ? .. .
no cheaper sterling credH Amei
credit offers, however, were a shade !ov ,
The local epct market was c^uiet 1
unchanged. *>?
The range of r-rlcSB fciiows: ?*?
Tu??.'
Open. IT?gh. Lc-ar. Close. clr.?? j
January - '.'????..''"-'
March. .15 0? 16 ?i.t 16.52 5.64015.5? I
Ma;.16.85 16.85 16.75 15.76? ! 5.7? ' -C
June.... -? -.16.86$15.88 1 ?' "lft
July.. . .IS.05 16.06 I
August. - ?
? Sept_-15.7 ?' !
i bee"'.*.".! ?'" l'?' Hi' ;.i'.'"' ' .
R'itter, ("hec-BC and Kgg?
Hatter -R.Ipts were 3.501 parka*??
Creamery, higher than extras, pound.
firsts, i') to ' ?Jt
s. f : -, drsts "8 :-) s S si.
. . -n 81 to 81 scor? 5! v 77 V
lower grades, 62064c Held, higher tha
-is, ri"j .,"?;.-; n:'a? R]0G1V?C firsti
57"??C0c: seconds, 54057c. Unsalted. hlgl
er than extras 66\i '/ ' rxt-ss <'.< .
65c: firsts, 60063c; Be onda, r,C?J3c. Plate
dairy tubs. P.r.ent, 61062c; good to prim-'
in to fair. 4'r'?57c. Reno
.??,:. ex? as, 57c; firr"< 68066c Imita
tl ? reamery, firats, 49060c. Ladles, cur
renl make, firsts, 46047c; ?eenn s 4 '?;
, ??'. 943o. Packing stocf"
make, No 1. ?7c, No -. tl:^i;U.
lower grades. 0 9??.41-.
Che???- Receipts were 5,344 boxes. He'-'
fla ? s lals 31H?32c average run, 70'/
31c; low? g ? tes, 2O029%c. Twins he]
speclaU, whites, 30V4! ' col -ed. 3i'.;
l ?-j ? average run whit 7 3 :. ?g"",?' ro
lower g' ades 2fl 9294? ^
make, ! 3 ' *'? - nsln. who>? '
ml k. twins 29@30V4< si gle 1 ? ties fresl '
:,li?-: 12c hel :. . .; . :- ?ble ! <.'
iefl fresh 31032c: held :.l'^ ?jr .:.-, Yc ir
.????.. . 1, fr? sh ''7':;' 3%c Stal .' ?
., specials, 20c; prime to choice. ?6???
'? . fair to good, 14016c; low:r grade.:.
Try 13c.
Kgg? I.Ij s were 12.8:?5 csie?. Fr?s'
gathered, >?::o?, dozen, 68067o; 'ttr*.
firsts, 64066c; firsts, \>'?C3r. seconda ai
poorer, 66060c. Refrigerator, firet.'
ciiarges paid. C.i vj 3 S4c : eecor.da. 480C.3.
I under grades. 3u'?47c; cherts, 12028a
' State, per.r.-ry;vitr.ia r.nd r).art)y Wester.1.
hennery whites, extra?, 73i?7ir; first? t.
extra first?. 67 0 72e; gathered whites, first?)
to extra f.re-s. ?7?7ic. under grades, 64a1
. 60e. pacific <-7oaat whl'ea, eiurees, ei-:?'
.".-s-a ta extra?, 70076c; firata, tiQ%i^'
Other Western and int ithern gathered
white?, 63070o. .srate, Pennsylvania ar.V
nearby hennery trr.wr.a. extra?. b606Bc,<
gathered b ?n ar.d mixed colors, extras^"
iiii-itc; tira'.j to extra, n.-au. 62065c.
Livestock, Meats. Provision* m
? ?s'.er?ay. Year agi.
7-!ve e'.e?r?. fa'.r
to prime, 100
lb?.?'-2.:5S:5.50 113.00917.78
i beet
?idea lb.160 .24 .17? .*E
: Live '. ??. '. rr m
r .v n to prime,
? lbs ... . ;9.C0<?:5.00 18.00017.CC
Dressod vea:,
. ib.r?? .37 .:s? .:
Live ewes, n)
lbs. . S.OOSi 77.00 8.00010 O&ri
Di ?1 1 mutton,
city, lb.150 .;o .130 .is
Dressed lai
? ii y. lb. r .300 38 820
Hogs, 100 lbs. .. . 16.25018.76 17O*O0I|'?Jo ,
...v-- lambs, fair
to prime. 100
?fc" .????,. 20.00022.00 18.60017.11
Dr? ? ted 1? o g s,
. '' '"' "'' ? ? ?"* "* ' M .740.?4t*
1 beef, bbl .. 16.03012.00 7.7.00 0 S? oa '
Lard. M : : U ,??.; * I
?100 lb?.-. 22.95?! '., ' 23 (O0U.l?
Ales? pork, bt\.. 84.000*1 -.? CC.OU0 ._*

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New-York tribune. [volume], January 30, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924