New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 09, 1920, Image 14

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New-York tribune. [volume], February 09, 1920, Page 14, Image 14
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New-York tribune. [volume] (New York [N.Y.]), 09 Feb. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-02-09/ed-1/seq-14/>

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W^VtLfm? H A?VTSf? aNI? OrTFttKD '
Chicago
Securities
Aeolian Weber Pinne Con. ft Pf.
Butler Brea.
Continental Meten
Goodrear Tire & R. Com. & Pf.
Steel ft Tobe of An. Pf.
Worcester Salt
Prttate ?ira? to Chicago, Cleveland,
Detroit, Y'oungslonm and Grand Rapid?
Merrill, Lynch&Co.
Trading Department
120 Broadway, New York
Phones Rector "MS to 769$ IneL
?J.K. Rice, Jr, & Co.W.11 Sell
ROO Aeolian-Weber Piano eons.
1?M? Air Redaction
100 American Chirle com.
100 Amer. Cyaramid cam. St pfd.
100 Am.-Hawailan 8. 8. (new)
?6 Am.-Hawaiian P. S. (old)
(00 American Piano pfd.
100 Atlas Portland Cement com.
100 Babcock * Wilcox Ltd. or*.
100 Champion Coated Pap'r pfd.
100 Cinn. Oaa & Klee. '?
100 Clinrhflrld Coal coas.
60 Columbia Trust
50 Continental Innuranes
15 E. W. Bliss com.
50 Fidelity "Ph?nix Insnranee
85 (?lena Falls Insnranee
85 (Guaranty Trust
16 H. W. Johns-ManrUle eom.
85 Ihjreraoll-Rand com.
100 Juliet a Chicago R. B.
50 l.ehigh Valley Coal Sales
50 Nat. Bank of Commer?a
85 National Fuel Gaa
200 Nat. Oil of N. J. pfd.
26 New Jersey Zinc
100 N. Y. State Rys. eom. * pfd.
100 Penn. Gas Co.
10 Phelps, Dodge form
60 R. J. Reynold? Tob. eom. B
100 Royal Baking Powder pfd.
10 Sen ?en Chiclet 6%
25 Hinder Mfg.
85 Taylor- W hart?n I. * S, com. * pfd.
100 Texa* Pacific Coal a OU
35 Travelers Ins. "Rights"
100 Winchester Co. 2nd pfd?
88 Winchester Co. com.
J. K.Rice, Jr. & Co.
Phones 4000 to 4030 John. 36 Wall St., N. T.
STANDARD
WEEKLY Q WILL B*
SUMMARY ^^ MAILEP
ON I TO
? TANDARD OIL * INVESTORS
ISSCES 1 ON REQUEST
C?RL H.PF0RZHEIMER & CO
Taunt ?>*? i-i-i-* ttruaa. U Umad at. N. X
The Bond Market
Continued from preceding page
', Week'.-1920-,
Sales close. Hijfh. Low.
24 do 4s R & G die... 67 72 67
32 St L & S F pr In 6s s C 83% 85% 8aVis
2 do gen 5s 1931.92% 92% 91
224 do pr lien 4s ser A.. 56 59% 55%
68 do os ser B. 66% 71% 66
127 do adj 6s.57% 62 57
280 do inc 6s..... 41% 45% 39%
list L Swn 1st 4a.61 64% 61
1 do con 4s. 50 52 50
4 do Term f.s. 57 59 56%
5 St P & K CSh L 4%s. 62 66% 62
6 St P M & >5 con 4%s. 90 92 90
2 do 4s Mont ext. 81% 83% 81%
7 S A & A P 1st 4s. 57 60% 56%
6Sc VaJ & N 1st 4s-75% 77 75%
^i Sea!) Air Lino rfg 4s.. 46 49% 3"
32
<ii oca? ?\ir jl.hi? riK ?a., to isu
54 d.i adj 5s. 32 38%
3 So Bell T & T 5s. 83% 85% 83^
380 Southern Pac cvt 5s_10Q 106 98%
J0"> do cvt 4s. 77% 81% 76V?
72 do rfg 4s. 76% 81 76%
10 do col tr 4s. 69% 73 69%
13 do S F Term 4s_71% 73% 71%
40 Southern Ry con 5s...* 83% 87% 83%
Si do gen 4s. 57 61% 66
5 do 5* Memphis div.. 80% 80>4 80%
6 do 4b M & O div_ 56% 58 56
lOTCU-RRgen 5s.. 90% 93 90
16 T R K A of St L rfg 4s 70 73% 68%
15 Texas Co cvt tis.102 105% 1011..
Investment
Information
Queetton* of general interese to
invetior? will bo anewered in ihi?
???tiffin, in which cate only t'nt?iais
wilt be u?ed. Othor? will bo an
?wered by mail. Addrete all in.
3uirie?, inclosing a ?tamped, ad
retted envelop? to Financial Editor,
I The Tribune, ISi Naetau Street, New
I York City.
Elk Horn Corporation
Question?Kindly give me an opinion of
Elk Horn Corporation common and pre?
ferred took, rlov. quoted at about 26 and 3D.
reapeetivelj.?A. H. L.
Answer?Elk Horn Coal Corporation,
organized in the latter part of 1915,
showed earnings as follows: 1916, pre
ferred $4.85, common $1.02; 1917, pre?
ferred $13.14, common $5.54; 1918, pre?
ferred $9.48, common $3.56. Dividends
are fair on the preferred, at the rate of
6 per cent, or $3 a share. The common
received 6 per cent, or $3, in 1918, but
the coal strike caused the directors to
defer the dividend on the common in
December, 1919. The outlook is said
to be better now. The stocks offer ?
speculative possibilities. !
Not So Easy as It Looks
Question?As a reader of your valued
paper I am taking the liberty of writing you
to ask a few questions on the subject of
arbitrage in stocks between New York and
Berlin. I am told Canadian Pacific stock 1b '
quoted at about 1,200 marks per share in
Berlin to-day, equivalent to about 115 per ;
? hare, at the prevailing rate of exchange.
What prevents my buying this stock in
Germany and selling it in New York at $126
per share? If the German government pro-1
hibita the export of such securities from
Germany what prevents making the neces- '
sary arrangements with some surety com?
pany to destroy 100 shares of such stock in '
Germany, give bond for it here, and thus
arrange to have a new certificate issued ,
here' Or, in ?ny event, is there anything'
to prevent buying such shares in Germany
and leaving them there in the custody of
some bank, meantime giving instructions to
pay the dividends to me in New York 7 Any
of these plans would give vary large profits ;
the first two might possibly find some dif- ;
Acuities in restrictions by the government,
but the third should not meet any great dif
Acuities that I can see, and would net the I
investor at least 66 2-3 per cent, since
Canadain Pacific pays 10 per cent and would .
cost only %ii> per ?hare.?J. E. F,
Answer?Your plan of arbitrage in '
Canadian Pacific stock between New !
York and Berlin would be frustrated at
its inception, because there is a ban
on the export of foreign securities
from Germany. You could not have i
dividends paid to you, because transfer ?
of the stock sold in Germany has been '?
stopped. If you attempted to secure |
the stock by means of having the cer- j
tificates destroyed you would find your- ?
self in for a considerable wait.before a
new certificate would be issued, to say '
nothing of other complications bound j
to arise. j
Dividend Is Postponed
Question?:l would like to inquire about!
preferred dividend of the Chicago Great.
v\ 'sttrn, usua'iy pnii? in , anuary, ubout the
15th. 1 have not received it on the stock I
hold, and cannot ascertain why it Is de?
layed. I have seen or heard of no notice :
of its discontinuance.?F. F. W.
Answer?No action has been taken
by the directors of the Chicago Great?
Western regarding the dividend on the j
preferred stock due at this time. There
was a delay in the payment of the last
dividend, as it was necessary to obtain '
approval from Washington before it
was paid. 'The road is earning less
than one-half the amount of the gov- i
ernment guaranty. Perhaps the direc?
tors prefer awaiting the outcome of
railroad legislation before declaring :
another disbursement. ;
Believes in Steel Companies !
Question?Will you please give me your:
opinion of the following stocks as invest
j menta ajt present prices : Midvala Steel,
j Lackawanna Steel, Republic Iron and Steel,
Week* r?1920-, !
Sales close. High. Low.
20 Texas & Pac 1st 5s- 83% 8? 83%
1 Third Ave rfg 4s. 47 51% 47
30 'do adj 5b. 27% 30 ?7%
5 Toi & Ohio Cent let 6s 82 84 82
1 do 6s West div. 80% 80% 80%
2TSL4W 60-y 4s '50. 44% 46% 44%
88 Union Pacific 6s.101 103'.4 100%
90 do 1st 4s . 79% 85% 79%
63 do cvt 4s . 84% 88% 84%
48 do ref 4s . 73 >? 81 73
1 U R of S F 4s T C ctfs 26 29 25%
53 U R Inv 1st 5s Pitts is. 70% 75% 70%
98 U S Realty & Imp 5s.. 75% 82 75
28 U S Rubber 7s.102 103% 101%
199 do 5s ..?.. 85 90 85
3U S Smelt Ref & M 6s. 102% 105 102%
Replogl? Steel and Vanadium Steel T My
belief h that the ?tecl companies have pro -
perous years ahead vi them and if the?.?
companies aro sound 1 will be all right.
W. 0.
Answer?All the stocks you mention
are so subject to wide fluctuations thsr
they are not entitled to good invest
ment ratings. The war was responsible
for placing two of these companies
(Lackawana and Republic) on their
feet. The others aro largely product
of the war. If you believe these com?
panies will enjoy prosperity there is
no reason why you should not purchas i
the stock. We do not consider that
they should be purchased for invest
ment purposes, but as speculation onlj
Would Weaken Principal
Question?I am the owner of twenly
shares of Pennsylvania Railroad bought sev
eral years ago at 62%. My wife has twelvu
shares which were bought at 56%. I have
an order with Benedict Wysdote for te:i
shares, at 41. This money is savings for
my two children and has been drawing 4 per
cent as it accumulates weekly avingi. I read
your article and I am undecided about pur?
chase. Have always had a strong feelinr
that Pennsylvania Railroad was n safe in?
vestment; surprised to read it don't cam
the 3 per cent dividend. 1? it better for me
and children to leave tills $400 at 4 per
cent or purchase Pennsylvania ttailroad paj
Ing much more??E. B. W.
Answer?Pennsylvania Railroad stocit
has always until recently be"en entitle?
to a good investment classification. Wa
cannot under present conditions,
recommend it. There are entirely tor?
many uncertainties surrounding the
railroad situation. Our only reaaoi
for believing that constructive legis?
lation will be enacted is because the
people begin now to realize how neces?
sary it is to ?give the carriers a square
deal. IT they do not obtain it, it spell*
receivership for many. We cannot
bring ourselves to believe that Con?
gress will allow this to happer..
Nevertheless the mere fact that there
is any doubt in regard to the matter
makes most railroad stocks a specula?
tion. Conditions have changed. Whac
was once a good investment cannot.
now be so considered. In choosing
Pennsylvania stock now, you sp?cul?t j
upon the legislation to be enacted.
Consequently you weaken tho position
of your principal.
Awaiting Stock Dividend Decision
Question?I am the owner of a block of
National Lead common stock. It has beei
rumored In some quarters that this company
might distribute a cash or stock dividend.
Please Inform me if your sources of informa?
tion produce any ground for such a surmis?
The earnings of the United States Cartridge
Company seem to figure in the talk.?J.
M. K.
Answer?National Lead Company, :t
well managed corporation, has shown
increased earnings for the last few
weeks. The last report (1918) showe I
14.46 per cent earned op the common
stock, against 15.45 per cent in 1917,
6 16 per cent in 1916 and 4.86 per cent
in 1915. This company, with no fund?
ed debt, has increased its surplus from
$4,901,581 in 1911 to 58,311,564 in 1918.
The report for 1919 should show even
better results. The dividend policy ha i
been conservative. This is one of tho ?
companies which is said to be awaiting;
the outcome of the Supreme Court's de ?
cisi?n In the stock dividend case. If
this decision is favorable the company
very likely will malPe a handsome dis?
bursement to stockholders. It certainly
is in a position to do so. United State ?
Cartridge, one-half of whose stock Is
owned by the National Lead Company,
has increased its surplus from $2,640.- !
319 in 1917 to $4,836,019. In 1918 the
floating debt was $3,150,000. To-day
there is none. This company is in th"
same position, only awaiting in all
probability the stock dividend decision.
Four full columns of in
'vestment questions and an?
swers are published in The
Tribune every Sunday.
Weeks,-1919??>
Sales close. Hiprh. Low
141 U S Steel s f 5s. 96 99% 85%
13 Utah Pwr & Lt 5s_83% 85% 82%
22Va-Caro Chemical 5s.. 93% 95% 93>,,
9 Virginian Ry 6s. 84 85% 82%
leWabash 1st 6s. 87% 91 87%
30 do 2d 5s . 80 83 80
4 Western Electric 5s... 96% 97% 96%
20 Western Maryland 4s.. 60 52 50
i 65 Western Pacific 6s.... 81 86% 81
1 W U real e?<t 4%s-79% 81% 7?
7 We-.t Shore 4s. 72% 74% 71
! 10 Wheeling & L E 4%s.. 61 51 50
! 11 do con 4s . 62% 54% 52%
1 Wilkes-B & East 1st 5s 64 55 54
! 41 Wilson & Co 1st 6s.... 97 98% 98
78 do cvt 6p . 91 % 96 V? 91
Safety for Your Securities
Recent robberies have strikingly demonstrated the
danger of keeping securities in the office safe.
The care of securities?whether your own, or those
entrusted to you as an official, a trustee, or guardian-?
is a serious responsibility.
By placing securities with us in a Custody Service
Account, you can free yourself of risk of their loss,
as well as the routine care and details of management.
We guarantee the physical safety of the securities; '
collect the income, and credit or forward it; make out
income tax ownership certificates; and attend to other
matters of detail.
At the same time you have complete control over the
securities?you retain all authority, while the physical
care devolves on us.
The fee for this service is very moderate.
Our booklet', "The Care of Sea H ties," gives full details.
We shall be pleased to discuss this service with you.
Guaranty Trust Company of New York
140 Broadway
FIFTH AVENUE OFFICE MADISON AVENUE OFFICE
* v Fifth Avenue and 43d Street Madison Avenue and 60th Street
Capital and Surplus - $50,000,000
Resources more than - - $800,000,000
a
Course of the Bond Market
This graph shows the weekly fluctuations in the average prices of ten rail?
road, ten industrial and five public utility bonds since January 1, 1919.
Curb Market
Industriall
Net
Sains. High. Low. Last. chge.
noon ?Acme Coal .. 1% 1% 1ft? %
I9t?'?0 ?Aetna Explos. 9$ 7% 7%? 1%
1"0?Air Reduction 47V4 47% 47Vt -
4r.'?0 ?Aluminum Mf 85% 80 81%? 8ft
100 Amnl Leather. 93 93 98 -
800*Amal Tirs ... 14% 14% 14%? %
6900 Am Candy ... 10% 8 8?2%
500 ?Am Ha SS wl 75 75 78 -
24O0 Am 8af Rasor. 18% 11 11%? 8
.100 ?Am Wholes pf 98 98 98 -
1700 ?Am Writ Pa. 12% 10 11 ? 1
13'>0?Atl Fruit ... 86 85 35 -
5000 ?Aust Nich Co 25 19 23?8
000 ?do pf . 90 88 89 ? 1%
10400 Barsdall Corp. 68 63 64 ? 1%
3700 ?Br-Am Chem. 9 9 9
9100 ?Br-A Tob cou 19% 17 17%? 1%
TOO ?do reg _ 19 17 17?2
1100 ?do res rts.. 7 6% 6%? %
13900 ?do Tob rts. 7% 6% 6%? 2%
MOO ?Car Lt & Pr. 3% 2% 2%? %
860 ?Cllnton-Wrt . 31 25 80 ?10
800 ?Cleveld Auto. 65 65 65 ? 6%
2600 ?Conlcy Tin F. 26 23% 25 -
200 ?Dafoa Eustlcs 6% 6% 6%? 4%
100 ?Edmunds & J 28 28 28?4
4800 ?Farrell Coal.. 45 35 87?8
MMO'Gen Asphalt.115% 87 98 ?17
33900 ?Gen Mot w I. 32% 28 28%? 8%
20500 ?Goldwyn Plct 31 27 28 ? 8%
7200 Grape-Ola .... Ml 1 1%+ %
5000 do pf . 1% 1% 1% -
."00 ?Havana Tob.. 2% 2 2 ? %
5r,0 ?do pf . 10% 10 10 ? 1%
300 ?Hvdr Stl com 35% 27% 35 ? 2
300 ?do pf. 9914 99 99 ? %
ir>on ?Im Tof GB&l 11% 10 10 ?2%
9200 Indian Packg. 17% 15% 15%? 2%
4"0 *Ide Collar Co 36 31 34 -
9-100 ?Kay Co Gas.. 2% 1% 2 ? %
5500 ?Keystone Sole 14% 13 14% -
r.oo ?Lib MeN & L 27 26% 26%? %
S .0 ?Lima Loco ..80 75 75 ?10
87"0 ?Loc com w 1. 24% 21 22%? 2%
Sf">n?Lin MCCIA 52 50% 50%? 1%
860O Marconi of Am 5% 4% 4%? 1%
6"0 ?Mercer Mots.. 30% 25 25?7
1 '0 ?do pf . 94 94 94 ??
7300 Mont-Ward w 1 35% 33% 33%? 4%
4700 ?Nat leather.. 15 12% 13 ?3
10(iO0 No Am P & P ' 6 4:;? 5%? %
1100 N Y Shipbldg. 46% 40 41?6
3200 ?Nunnally Co. 20 19 19 ? 1%
78;>0 Orpheum Cir. . 33 30% 31 ? 2-%
4(W?Path Ply w 1. 41 40 40 ? 1%
lGloO Perfection T&R. 5 4% 4%? %
2300 ?Pressman TAR 2% 2 2%? %
7100 ?Radio Co_ 2% 2 2?1%
6800 ?do pf . 2% 2% 2%? %
2430O ?Republic Rub. 5% 3 3?2%
600 ?Root & Vand 51% 49 49 ? 2%
Si'O ?Snow's Fount. 13 12% 12%? %
1200 ?Splcer Mfg ..113% 109. Ill ?2
200 Mo pf .114 114 113 -f 1
?1"0 ?Stand G & E 24% 24% 24%? %
Net
High. Low. Last. Chgc.
gales.
600 ?do pf . 40
400 ?Stewart Warn 39
600 ?Stanwood Rub 17
19600 Submarine Bt. 15
6900 ?Swift Inter.. 62%
1000 ?Sweets Co of A 6%
200 Steams Mo (n) 40
1400 ?Temt C&L Pr. 45%
100 ?Tillotson Mfg. 24
375 ?Todd Shipyds.181
600 ?Union Carbide 73%
6600 ?Un Pic Prod. 15
8500 Un Prof Shar. 2%
600 ?U S Dlstrlb.. 48%
11120 ?U S H Sp T. 40%
8900 U S Lt & Ht.. 8
25800 ?Un Ret Candy 16%
35500 U S Steamship 3%
2900 ?U S Transport 12%
800 ?V Vivadou Inc 19
200 ?Warren Bros. 68
2700 William Davies 46%
700 ?Willys 1st pf.100
300 ?Will Boumer. 29%
200 ?Wh Rock Wa. 7
Standard Oil Subsidiaries
63 Ohio Oil.860 340 310
10 Prairie P L. ..261 261 261
130 So Penn Oil..321 297 305
80 8t Oil of Cal..3lu 305 310
8105 St Oil of N J.750 70,5 705
617 St Oil of N Y.434 40T> 410
250 Union Tank... 110 BU 101
290 Vacuum OU...429 400 400
- Other Oil Stocks
2900 ?AH Oil & Ref 16%
5450 ?Allen Oil. 1%
8J500 ?Allied OIL... %
500 ?Alto Oil A Q. 6%
17000 ?Amal Royalty. %
15300 Anne Bell. 72
700 ?Ark Nat Gas. 30
1300?Absoc Oil_ lTs
3200 ?Bell Pet,. 1%
39800 ?Boone Oil_ 5%
3500 ?Bost-Mex Pet. 2"?
66000 ?Bost-Wyo Oil 1%
800 ?Brazos Oil C. 20
11800 Burk V CI O. 2%
21300 ?Carib Synd... 44
900 ?Circle Oil_ 4%
34500 Cit Serv com.. 42-Yt
1300 do B T sh pf 70%
3000 ?Cent Ref .... 1 %
19000 ?Cosden Oil .. 9%
9100 ?Col Emerald. 16
4100 ?Cshing Pet . . 2%
: 78000 ?Dominion Oil 22%
! 5900 ?Duciuesne Oil. 6
'11200 ?Elk .Basin Pet 9%
1 11550 ?Engineers Pet 1%
! 9400?Ertel Oil .... 1%
1400?Esmer O A G %
5900 ?Federal Oil . 3%
200 ?Fensland Oil. 6%
14800 ?Glenroek Oil. 3%
22300 ?Gilliland Oil. 44
! 5700 ?do pf . 98
; 9000 ?GufTey-Gil Oil 33%
Net
High. Low. Last. Chge.
3000 Gum Cove O. 3 2 2%-f- %
2(00 ?C.ulfport Oil. 19 16 18 -
7000 'Home O of T. 3% 2% 3%+ %
i 2600 Ulome P of D. 3% 3% 3% -
! 12100 ?Houston Oil..120 88 107 ?11
23800 ?Hudson OH .. 1ft % %? %
3000 ?Hughes Pet . 8 8 8?1
(?5800 ?Inter Pet ... 67% 52% 59?9
15100 ?Invincible Oil 34 27 29 ?4%
23100 ?laid Oil & T. 5% 6% 6%? %
13000 ?King Pet Cor 2% 2 2%? %
14400 ?Livingston O. 1% 1 1%? %
10600 ?Mngma OAR. 6% 5 5%? 1%
10R00 ?Manhattan Oil 35% 28 30 ? 4%
1300 ?Maracaibo O. 22% 18% 18%? 4
12500 Matin Pet- 4 3% 3%? 1%
8700 ?Merrltt Oil Cp 21% 18% 19%? 2
; 1400 ?Metey Pet .. 4% 4% 4%? %
: 5800 ?Mex Oil Corp 2% 2% 2%? %
; 6750 ?Midwest Ref. .106 151 153 ?13
j 5600 ?Midwest Tex O % % % -
j 6500 North Am Oil.' 4% 4 4 %? %
2000 ?Ohio Ranger.. 1 % 1 ??
600 ?Omar O&Gin) 6% 6 6 ? 1
700 ?Panh'ndleP&R 20 18 18 ?7
100 ?do pf . 84% 81% 84%? 4%
5800 ?Pennok Oil .. 8% 6 6%? 2
1500(1 ?Phillips Pet. 43 32 37%
16700 ?Prod & Ref. 9% 8 8%? 1
3300 ?Red Rock OAG 1% 1 1 ? %
1400 ?Rickard Tex.. 1% 1% 1%? %
16900 ?Ryan Oil ... 3% 8% 3%? %
17800 ?Salt Cr Prod. 66 48 50 -f- %
3600 ?Seaboard OAG 5% 4% 4%? %
3500 Se<iuoyah OAR Va % ft? ft
123900 ?Slmrns Pet. 61% 38 43%? 7%
15500 ?do rights .. 1% 1% 1% -
20500 ?Sk.lly Oil ... 11% 9 10%? 1%
1300 So Stales Corp 1% 1% 1%
1100 ?So Oil A T.. 6% 5% 6%? %
8700 ?Spencer Pet Cp 19 18% 18%? %
6900 ?Stanton _ % ft % -
3200 Superior Oil.. 12% 11% 11%? 1
3300Stenner Oil... 15 14% 14%? %
7450 ?Tex Co w i.. 51% 46 47%? 4%
1000 ?Tex Chief Oil 35 31 32%? 5%
700 ?Tex-Kan Oil.. 3% 3 3 ? %
5500 ?Tex Pac G&0.112 93 95 ?18%
. 7600 Tex Prod & R. 1% 1 1%? %
! 118000 ?Texon O & I, 1% % 1 ? %
8500 Thraman Oil.. 1% 1 1 -
5000 Trinity Oil Cp % % % -
? 11600 ?Tropical Oil.. 20% 15 18%? 1%
17300 United Tex Pet 1ft 1 1 ft? ft
2600 ?Victoria Oil.. 1% 1% 1 %? %
1-1000 ?Vulcan Oil .. 8% 6% 6%? 2
750'i *\Vh Eagle O&P 23 19 20 ?2%
1650 ?Woodburn Oil 6% 6% 6%? ' %
3000 ?Whelan Oil . . 1 1 1 -
70000 ?White Oil .. 36% 27% 3l%? 3%
4300 Wayland O A G 4 % 4 4 ? %
Mining Stocks
32750 Alask-Br C M. 1 H %? H
8600 Am H Min... 2% 1% 2 + %
500 ?Am Mines.... 1ft 1 1 ? ft
: 12000 ?Am Tin Tun. % ft ft? ft
| 1600 *tArizona Silv 3%" 2% 2%? %
17500 ?Atlanta . 3 2% 2%
?18400 ?tBelcher Div.. 23 15 20?3
25900 ?tBelcher Ext. 22 16 20?2
Transactions in Listed Stocks
(Continued from page It)
High
! 1920.
Bat*.
I 29% Jan 27
i 96!/? Jan 3
2 5'/g Jan
65 Jan
31% Jan
78% Jan
116% Jan
103% Jan
> 116/j
76
5"%
I 72?
66
28% Jan
64 Jan
88?/a
119
65'/, Jan
66/a Jan
14
1?/,
Jan
Feb
66% Jan
32 Jan
93 Jan
82</a Jan
Low
1920.
22
71
1?
43
28
57'/a
90
101
44/4
90
3
2
?
5
8
6
Jan 14
143% Jan 6
Jan 13 112%
Jan 3 66/4
47/a Jan ? 46%
109 Jan 5 973/4
115% Jan 30 111/a
80% Jan 3 71
12% Jan 2
Jan 3
Jan 5
112'/2 Jan 7
91 Jan 30
8% Jan 2
24'/a Jan 5
5'/a Jan 6
Jan 5
11 '/a Jan 23
20 Jan 19
8
7
Jan
Jan
VA
46%
61'/B
1087b
78/*
7/a
21'/s
16/,
60
9%
17
22
64'/a
84^4
110
49'/?
64
10
17
63
25/4
88'/,
64
2?
32% Jan 29
130 Jan 9 122
95/4 Jan 27 77
Jan 6
76
70 '
Date.
Fob
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Jan
Jan
Feb
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Jan
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Jan
D?t.
in f.
6 ?
6 S
7 ?
4 6
??
6 2
6 8
6 7
6 ?
6 8
5 8
5 6
8 3'/a
6 6
5 7
6 7
6 ?
6 ?
5 4
7 8
26 6
16 ?
? ?
6 ?
6 ?
6 ?
7 ?
4 ?
6 4
5 7
6 7
6 4
6 4
6 ?
16 ?
6 4
e 1
7 7
4 6
6 ?
4 8
6 ?
16 6
Sal??. High. Lot.
im pr . 3600 27'/, 22
United Ret 8ns Cl A. 151100 87'/,
P A Fo>.
6200 20'/,
8600 62
400 28
18800 67/?
36700 106%
500 102
6200 61 /,
71
16
43
28
67'/,
90
101
*4'/4
?0
U 8 C I
do pr .
U S Expresa.
U 8 Food Product,.
U B Ina Alcohol...
do pr.
U 8 Realty A Im?.
U S Rubber.134400 128/4
do 1st pr. 1600 113% 112%
U S Smelting * Ref. 3800 71 65/4
do pr. 900 46/4 45/.
U 8 Steel .,867600 106% 97%
do pr. 9700 113/a 111/a
Utah Copper . 9500 75 71
Utah Securities Corp 3400 10 9'/4
Vanadium Steel _ 87400 63 46%
Va-Car Chemical ... 6900 69% 61/,
do pr. 900 109/4 108%
Virginia Iron C A C. 700 90 83
Wabash . 4100 8/4 7/,
do pr A. 6700
do pr B. 200
Wells Fargo Expresa 1200
Western Maryland... 16400
do 2d pr. 400
Western Pacific. 1700
do pr. 100
Western Un .on Tel.. 1300
Westinghoose Air B
West in g house Mig. .
do 1st pr.
Wheel A Lake Erie.
do pr.
White Motors. 24800
WUIys-OrerUnd _ 71900
do pr. 1000
Wilson Company ... 9100
Wisconsin Central... 800
Woolworth . 2000 123% 122
Worth Pump A Mach 23300 94% 77
do pr B. 900 73 71
<**-> eat?,
n ?3%
1. "*5
16 ?41/
28 -|
6*/r-?%
?4%-1*yJ
101 -a
46/4-8%
101*-9%
118 -3j
67 -4*
""?ft
?1/?
15/,
50
9%
17
22
64/,
84/4
24/4
15/a
62
10%
18
25
57
86%
600 116/a 110
32600 64% 49%
65 64
12%
19/a
60%
28%
88/a
73/,
28
200
10800
100
10
19/,
63
25/4
88/,
64
26
100%?
111%-1%
4? -a,;
83 -7
r%- &
81/*- 1
16/r?
81 -?
10 ? It
?H^lS
64/,-oft
Sri?
10%- 1
i?/?+ 2%
56 -4V(
"-%
?Ex dividend.
?8 ?I
1?%+ ft
81/r-^na
71 -fft
Sales. High.
25400 Big Ledge Cop* %
15600 ?tBooth . 6
'?0300 +B?it-Mont ... 74
11800 ?tCaledonia M. 39
13300 ?Canada Cop.. 1ft
9500 ?Candelaria Sil %
3050 ?Car Gold Hill 29%
15100 ?tCashboy - 9%
1750 ?Con Va Silv. 7%
3200 Cresson Gold.. 2%
3100 ?De Beers C M 42%
44325 ?Divide Ext.. . %
2800 El Salv Silv.. 3%
98600 ?Eureka Cr M. 1%
1800 ?Eureka Holly. %
13700 ?Forty-nine M. 1%
37200 ?tGold Zone D 34
16675 ?tGoidfleld Con. 15
lS250?tGoldfield Dev 14
9500 Golden Gate Ex 1%
14600 ?tGoidfleld Mer '
7750 ?tGreat Bend..
5400 ?tHasbrk Div..
6330 Hecla Mining.
1520 ?Iron Blossom.
13300 ?tjim Butler..
11900 t Jumbo Ext ..
3025 Kerr Lake . . .
11000 ?tKewanas .. .
24000 ?tKnox Divide.
1200 La Rose Cons.
11500 Louisiana Con.
13000 ?MacNam Cres
112000 ?MacNam Mg
2000 tMcK-Darragh. 65
13500 ?tMarsh Mng. 25
1025 Mason Vallev. 2%
300Motherl C (n). 6%
6400tMurray M M. 76
4400 ?Nati Tin Cor 11%
18000 ?Nev Ophir M. 41
6700 Nipissing .... 11%
4900 Ophir Silver M 1%
6000 Prince Con ... 1
3000 Rand M Ltd.. 40
4
3
6
4%
%
26
7
4%
3
10 '
I
%
Low.
ft
6
65
1%
%
22
8
6
1%
8M
3
1%
ft
1
28
12
9%
1
3
2
4
4%
ft
23
6
4%
3
9
%
I
Last.
%
6
67 -
26 -
%
24%
8 -
?%
2 -
88%
H
8 -
lt
1%
30 -
13 -
12 -
1%
S -
2%
5 -
24 -
4%
3
9%
- %
- 4%
~-k
- 8%
- %
- %
12
%
- 4
? 1
? 2
tr-i
65
22 22 ?
2% 2%
5% 6%
75 75
11 U%
38 39
10
1%
%
39
- %
2
1
%
%
1%
Sales.
22000 tRex Consol ..
48000 Roper Gr M. .
1000 Seneca Cop C.
2900 ?Silv Dollar M
3ft000 Silv Kg of Ar.
27100 ?tSilv Kg Div.
29400 ?tSilver Pick..
30on ?So Am Gold..
9300 Stand Sil-Ld..
16000 ?tSuccess Mng
12100 ?tSutherld Div
3646 ?Tonopah Bel.
15400 ?Tonopah Div.
6810 Tonopah Ext.
2220 ?Tonopah Mng
3850 United Eastern
46000 ?tU S Cont M 10
600 Unity Gold M. 8%
2100 ?Utah Revenue 2
81550 ?tVictory Div. 21
3000 fWash Gold Qu 99
12600 West End Con 2
16900 tWhite Cap M. 12
7000 tWhite Cap Ex 21
300 Wh Knob C pf
14500 tWilber Copper
Bonds
$241 ?Allied Pack 6s. 82
134 ?Am T A T '22. 96%
24 ?do 1924 .... 96%
5 ?Anaconda 6s wi 95
87 ?Atl Fruit 7s.. 97%
138 ?Geig Gv 6s *21 98%
135 do 6s 1925... 96%
46 ?CCCAStL 6s '29 86
1 ?Copen 5%s '44 81%
10 Gov of Swed 6s 87
16 ?Int R T 7s w i 68
1 ?Phila Elec 6s.. 93
65 ?Rus Gov 6%s.. 31%
71 ?do 6s . 32
62 ?Swiss Gv.5%s 91%
78%
94
95%
94%
97
98%
95%
84
81%
86%
63
93
78%?I
95 - Ti
95%- %
94%- S
97 - %
98%- H
95%- %
84%? 1
81H+ %
88%? 6%
63?8
83 ? 4H
29?2
M ? t
87%- 2H
?Unlisted. tSells eents a share.
From J. Ogden Armour
President, Armour and Company
For some time we have had a thought with which we have
wanted to acquaint the American public, and it concerns the future
of Armour and Company.
From a small beginning sixty years ago, serving a few people
locally and under the management of the Armour family, we have
expanded to a point where we now serve many millions of people
all over the world.
We have come to the view that a wide distribution of ownership
of any corporation serving a large number of people is of advan?
tage not only in maintaining the human relation between em?
ployer and employe but between those from whom it buys and
those to whom it sells.
Realizing that a business of the character of ours is so necessary
to the public, we believe they should be accorded the privilege of par?
ticipating in its ownership. As a beginning, two years ago we of?
fered our debentures, which were exchangeable into preferred
stock. As a result, we now have eleven thousand preferred stock?
holders.
With the thought in mind of further public participation we
have ?decided to segregate our leather properties. The announce?
ment of the offering of preferred and common stock of the
Armour Leather Company will be made in this paper tomorrow.
J. OGDEN ARMOUR

New-York tribune. [volume], February 09, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], February 09, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924