New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 18, 1920, Image 18

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New-York tribune. [volume], February 18, 1920, Page 18, Image 18
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 18 Feb. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-02-18/ed-1/seq-18/>

Newspaper Page Text

? ' CURITIES OFFERED AND WANTED
Lehigh Power
Commonwealth Power Ry. & Lt.
Standard Gas & Elec.
Detroit Edison
orth'n States Power Com. & Pfd.
united Light & Ry. Com. & Pfd.
Dow Chemical
DuPont Chemical Pfd.
GrasseDi Chemical
National Motors .
Packard Motors Com. & Pfd.
Rolls Royce Com. & Pfd.
MbrtoilLachenl)mcli&Ca
CHICAOO DETROIT PH1IADELHUA PlTTSBUSaM
AIR REDCCTION
AMERICAN CHICIJ?
ATLANTIC IX>BOS PKTROT.KCM
CENTRAI.. Afil'IRRK SUGAR
CHILDS COMMON
FAJARDO SUGAR
O?ANTANAMO SUGAR
?j, GCI-F Oil. CORPORATION
' LONE STAB OAS
I MIDLAND SECCRITIES
NEW ENtil.AfID FUEL OIL
PENN. COAL & COKE
TORT LOBOS PETROLEUM
SAVANNAH SUGAR
STERN BKOS. PREFERRED
TENAS PACIFIC COAL St OIL
nUNHAMfi(ii
wr Investment Securities ^""
43 Exchange Place New York
fclcphonrs S300-J6 IJanover.
J
J.M. Rice Jr. & Co.Will Buy
2/i American Machine & Fd.v.
?O Glen? Falls Ins.
100 Kirby Lumber Com. St Pfd.
10 Miinliuttan Mice. Com.
BO Murray Co. (Texas)
150 Fat lie Fr?res Phonograph Com,
300 P. F. Collier & .Sons Pfd.
100 Royal Typewriter Com.
50 Texas Pacifie Coal St Oil.
100 ?*?**. E. Tiltotson Mfjc Com.
100 Pocaliontas Fuel Com.
J. h. Rice, Jr. & Co. Will Sell
15 General Cliemirnl Com.
10 Hurriman Niitinnal Bunk.
100 InRersoll-Rand Pfd.
25 National Surety.
14 Providence & Worcester.
50 Southern l lilil?es Pfd.
100 Tidewater OH
50 Texas Pacific Coal St Oil.
50 Victor Talking Machine *?
22 Winchester Co. Com.
25 Win. Cramp Ship & Eng. Bids.
J.K.Rice, Jr.&Co.
Phones 4000 to 4010 John. 36 Wall St., N.T.
Carib Trading
International Motors
Singer Mfg. Co.
Woodward Iron
Kiely & Horton
40 Wail St., N. Y. Phone Joba 6330
American Manufacturing
Babcock & Wilcox
Whitman & Barnes
FREDERIC H. HATCH & CO.
Estnhlished 1X88
Phone Rector 6:140. 74 B'way, New Terk.
WIR E CON N ECTIONS
I'oston, Chicago. Philadelphia & Montreal.
STANDARD
WEEKLY ffr ?TILL BE
SUMMARY >^ MAI LE?
ON I TO
*TA!*?>?R?> OIL ? INVESTOR?
ISSUER 1 ON .REQUEST
CARL H.PF0RZHEIMER & CO.
Pheat ??l-J-w t*ro*d. u broad Si.. N. I.
HARRI MA N NATIONAL "BAN K
Fifth Avenue & Forty-fourth St.
New York
INKING HOURS FROM 8 A. M, TO 8 P. M.
SAFE DEPOSIT VAULTS 8 A. M. TO MIDNIGHT
I. M. TAYLOR & CO.
Incorporated
INVESTMENTS
7 Wall Street
2?**I,?" , , . Cleveland
Philadelphia Pittsburgh
National Bank Deposits
In 44 Cities Show Gain
Increase in New York, Chicago
and St. Louis Was
$130,605,000
WASHINGTON, Feb. 17?National
!>ank depot-its in reserve and central
reserve cities increased $193,385,000 be- !
(ween November 17 and December 31, ?
according to figures made public to?
night by John Skelton Williams, Comp?
troller of the Currency. Of the sixty- !
six reporting cities forty-four showed i
an aggregate increase of $277,911,000,
with an aggregate reduction of $84,526,
000 in the remaining twenty-two.
The increase in the three central re?
serve cities of Now York, Chicago and
, .St. Louis amounted to $130,605,000.
?^ Cities whoso national banks showed
an increase in deposits of $5,000,000 or
more were: New York, $103,000,000;
Chicago, $24,000,000: Dallas, $22.000,
000; Philadelphia, $19,000,000; Balti?
more, $15,000,000; New Orleans and
Louisville, $10,000,000 each; Pittsburgh,
$7.000,000. and Jacksonville and Nash?
ville, $6,000,000 each.
The only cities showing a reduction
in deposits of $5,000,000 or more were:
Richmond, $15,000,000; Minneapolis,
$12.000,000; St. Paul and Denver,
$7,000,000 each; Boston, $6,000,000, and
Cleveland, $5,000,000.
_?l^- s
A Correction
Through a typographical error, it g
was stated in yesterday's Tribuno that i V.
the French internal bonds to be offered !
her? shortly arc redeemable at 100. The I \
bond* at* redeemable at lfco. i v
Mis
Public Utilities
Bid.
Adirondack Kleo rower. 14
do pf. 77
American Light A Tfaction.. .177
do pf .... ?.. 83
American Gas A Electric.... .180 ?
do pf. 39
American Power A Light.69
do pf. 70
American Public Utilities. 7
do pf.52
Am Waterworks Electric.. 2
Am IV WJ& K participating pf- :i
America? W AY & 7 1st pf. 47
Carolina Power & Light. S?
Cities Service.362
do pf. 69
do bankers' ctfs. 8*14
do 7 per cent, r.er. B, 1068..138
do 7 per cent. ser. C, 1966..100
Colorado Power . 15
do pf. 90
Commonwealth PrRy 4L.... J7
do pf. 3?
Denver Oas A Elec pen 6s.... 87
Electric Bond A Shares pf...? 88
Empire District Electric pf.. 70
Federal Light A Traction.... 5
do pf. 43
Gas & Elcctrio Securities-800
do pf.80
Northern OMo Electric. ?
do pf. r.o
Northern Ontario Lt A Power. 10
do pf. 65
Northern States Power. 65
do pf. 87
Pacific Gas A Electric pf.84
Republic A By Light Co...'.... 3 3
do pf. 45
Southern California Ellison . ..>8o
do pf..".100
Standard Gas A Electric. 19
do pf.??. 3J,.
Tennessoo By, Light A Power. 1H
do pf. <
United Light A Bys. 25
do pf.'?? <"
Western Power. 19
do pf. 69
Bonds
Appalach Power let 6s. 67 -
Cincinnati Gas & Elec 5s. '56.. 83
Col Gas & Elec 6s, '27. 79
Col Power, '53 . 78
Dallas Elec 6s, '22. 993*
East Texas Elec 6s, '42. 75
do 7s, '21. ?9
El Paso Elec col 6s. 86
Great'West Power 6s, '46. 80'?
.Midwest Ptll 6s, '26. 86
River Power 1st 6s. 72\?
Asked.
17
82
183
91
125
41
?5
74
12
27
4
7
62
86
372
71
41
103
18
P5
21
42
93
?I
75
S
47
400
85
20
66
14
62
62
91
86
17
49
90
104
21
41
3
9
80
63
MU
Northern Ont Light A P 6s...
Northern States Power 6s, '26.
Pacific Gas & Elec 6s. '31.
Puget Sound Trae L & P 7a...
Twin City C & E 6?.?
Vn Light B 1st 6s, '82.
82
100
90
82
90
74*
69
89
95
97
78
77
70
Card-Am. .
do pref.
C Aguirre. 77
Fajardo ..142
?t West..400
do pref. 115
Guanta'mo. 72
Mat-Am . 10
Sugar Stocks
Bd. Asked., Bid. Asked.
J8 22 {Mat-Am pC 60 70
80 ?Michigan.. 11% 12 Vi
80 National .140 145
145 I N Niquero.225
420 |S Cecelia.. 75 82
118 | do pref. 75 82
75 Savannah.. 37 39
15 I do pref. 89 91
Tobacco Stocks
Conley Foil.275
G W Holmes. 150
do pref. . 97
J S Young. .125
do pref.. 95
MacA & F.. 140
325
160
101
135
100
155
Por R-A T.128
R J Bey A.515
do ser B.400
do pref. 104
Weym-B ..155
do pref. 96
Chemical Stocks
r>9
115
53
Hook. Elec. 65
Am Cyan. 30
do pref. 52
By-Prod ..106
Cassin Co. 47
Dow Ch..200
Du P C p. TV? 9
Fed .Chetn.100 105
do pref. ? 100
Grazelli ..160 170
do pref. 100 102
Stee! and Ordnance Stocks
do pref. 65
Ky Solvay. 90
Merc Co p 92
Merrimac. 88
Mulford Co 53
Nisg Alk p 95
Sexnet C..167
Solv Poc.190
136
550
430
107
165
100
75
75
115
96
92
56
100
Am Brass.208
Atlas Fw.154
do pref. 85
Bab & W.115
Bliss, E W.420
do pref. 62
Can F&F.200
Carb S?..100
do 1 pf.107
do 2d pf 70
Colts A... 54
D P Pow.300
215
160
90
120
150
68
225
110
110
75
57
330
East Steel. 37
Emp S& I 25
do pref. 65
?Here P..200
?do pref.1.07
Niles.B-P.105
do pref. 107
Scov Mfg.395
Thorn Iron 30
Win Cor. .400
Woodward. 35
39
35
70
210
110
109
110
415
35
45
?Ex dividend.
Miscellaneous- Stocks
Am Chicle 74
do pref. 80
Am Leath. 58
do pref. 8!)
Am Mfg. .160
do pref. 88
Am M&F.100
Am Typ F 43
A D T N\I 25
A W c pf 96^
Atlas P C 70
BB&S 1 p 88
do 2d pf 70
Bor C Mk.lOS
Bush T pf 77 V.
Celluloid .150
Childs Co. 90
do pref. 95
City In ves 67
Col E Sy.750
Crk W pf. 96
D L & W.170
F R 1st pf 95
Draper C..145
Ir,t Sil pf. 95
Lima L pf 93
Nat Cash. 120 130
N J Zwst.285 295
N Co 1 pf.lOlVi 104
O'Neill pf. 98 99
70 ?Phelps D.240
91 Phil J Cor 57
? I do pref. 90
47 P & W pf. 96
35 R Reis* C 20
98>^? do pref. 82
75 iRy Bak P. 140
92 J do pref. 90
Singer Mgr.147
S L IM&S 43
Stoll S pf.102
S D W pf.102
Stern B p. 98
T&PC&On. 95
Valvoi pf.102
VRaalteln 40
do pref. 80
\ W C Kerr. 50
1 do pref. 77
i W & K pf.lOO
1 Yale & T.265
250
64
93
3
150
94
155
47
105
103'?
102
100
105
42%
83
55
83
103
275
.600
..215
..295
..210
..420
.150
America
Atlantic .
Am Exch.
Battery ..
Bowery .. .
Bryant P.
Bway Cent. 150
Bronx Nat. 150
Butch & D. 35
Chase .430
Chat &. P..310
Chelsea Ex.125
Chemical ...580
Cit?, Nat...200
City.375
Gotjiam _200
Greenwich
Harriman
Hanover .
Industrial
Im & Trad.590
"Irving Nat.385
Liberty .. . .4 1~>
Lincoln .. . ."75
Manhat Co. .250
Mech & M..450
Metrop'tan .S!0
Mutual _490
Merchants ..240
New York Bank Stocks
630
305
220
160
160
160
440
320
.375
..375
..820
.205
Coal & I...845
Colonial ...350
Commerce .220
Columbia ..175
Corn Exch..466
Cosmop'tan.lio
Com'clal E..415
Com'wealth. 221
Cuba .170
East River.. 160
Fifth Nat.. 150
Fifth Ave..900
590(First Nat.. .960
270i Foreign T B.100
385|Garfield N..235
215!New Neth..200
? IN Y N B A.460
400 Park .750
840?Pacifl.: ....135
? ?Produce Ex.375
ClOJPublic .335
395?Seaboard ...650
430 ! Second _400
285!State .210
? 23d Ward.. 130
460 Un States.. 170
360?Union Ex... 180
? W'chester A.200
2501Yorkviile ..375
Trust and Security Companies
Alliance ... 80
tAm Trust. ?
Am Surety. 73
Bankers .. .365
Bond & M.220
Bklyn T Co.500
Cent Union.410
Columbia ..245
Commercial 150
Empire Tr..300
Equitable . .280
Farm L&T.430
Franklin ..240
Fulton ..
Fidelity ..
Guaranty
Hamilton ..255
Hudson T.. 150
Kings Co...640
Law Mtge. .120
.250
..230
..370
78
376
230
515
420:
355
160
290
440
250
260
240
380
265
170
665
130
Lawyers T.127
Lincoln Tr. .175
Manufac'ers.205
Mercantil? .310
Metropol .. .295
Mtge Bond.. 90
Mut T of W.105
Nat Surety.20?
IN Y Title. 140
N York T..625
N Y L I&T.725
Peoples _290
Realty Asso.105
Title G & T.380
Un States..840
U S M & T.410
U S T Guar 80
Westchester.130
W & BT&M.165
230
230
180
950
980
115
246
.210
480
770
700
425
140
190
183
305
er>
125
210
146
745
310
115
396
880
420
83
140
175
156
676
260
76
40
tSea New York Title and Mortgage.
Insurance Companies
Am Alliance.270 ?|Gt Am rts..l?l
City of N Y.150 200! Hanover ... 80
Coh'nwlth..300 825 Horns .640
Continental. 70 78 Nat LIberty.170
Fid & Phoe.650 676lNiagara ...230
Franklin .. 86 94IStuyvesant. 50
Globe & R 800 lOOOlWestchester. 35
Great Am..250 260'
Standard Oil Stocks
Bid Asked
Anglo-American Oil Co. Ltd.. 26 26>,4
Atlantic Reflnln Co .1S40 1876
do pf . 112 113
Borno-Scrymser Co . 430 450
Buckeye Pipo I.lne. 93 95
Chtsebrough Mfg Co Con. 220 240
do pf. 106 109
Continental Oil Co . 4S0 600
Crescent Pip.- Line Co. 34 86
Cumberland Pipo Line Co.... 155 160
Eureka Pipe Line Co. 140 ?45
Galena-Signal Oil Co, pf, new 96 99
do pf, old. 98 103
do com. 73 7B
Illinois Pipo Lins Co. ISi 168
Indiana Pipo Line Co. 94 97
International Petroleum, Ltd. 67Vi 68 <4
National Transit Co. 29 80
New York Transit Co... 384 lis
?Korthern Pipe Lins Co. 99 lot
Ohio Oil Co. 340 350
Penn-Mex Fuel Co. 64 or
Prairie Oil & Gas Co. 680 690
Prairie Pipe Linn Co. 236 2*15
Polar Refining Co . 340 S60
Southern Pipe Line Co. 160 155
South Penn Oil Co. 290 300
South West Ptnna Pipe Lines 9n 97
Standard oil Co of California. 310 314
Standard Oil Co of Indiana ... 680 690
Standard Oil Co of Kansas .... 590 610
Standard Oil Co of Kentucky.. 370 390
Standard Oli Co of Nebraska.. . 490 610
Standard Oil Co of New Jersev 690 693
do pf.'. H4 314L?
standard oil Co of New York. 390 396
?tandard Oil Co of Ohio . 610 626
do pf. 106 108
do rights . 6 8
?wan A Pinch Co. 95 100
'nlon Tank Car Co. 108 110
do pf. loo io.:
do rights . tj i
'acuum Oil Co .?,,. 380 S9o
Vashln^toa Oil C? mmi.mm <0 40
cellaneous Marl
100
115
425
19
151
43
?H
r>%
Miscellaneous OH Companies
Bid. Asked
Atlantlo Lobos OU Co, com- 50 ???
Atlantic Lobos Oil Co, pt."J ???'"
Cosden A Co . J.. "2
Elk Basin Petroleum Co. ?% **?
Houston? Oil Co, com. ??Jj
Imperial OU, Ltd . 100
Magnolia Potroleum Co . 400
Merrltt Oil Corporation. 18%
Midwest Refining Co. 14?
Northwest Oil Co . ?8
Producers * Refiners Corp. com ? 8
Sapulpa Roflnlng Co . I 6%
New York City Bonds
Security, rat?, maturity. Bid. Ask. Yleld^
Inter. 4%s. July. 19??- 96V4
do 4%s. Juno, 1965. 95%
do 4%s. March, 1963... 95%
Ao 4%b. My & N, 1957. 85%
do 4%b, April, I960- 90%
do 4H?, March, 1964.. 90%
do 414?, Marsh, 1962. ?OH
do 4%n,, .Sept., I960.... 90%
do 6%s, May, 1960. 90%
do 4?. May. 1959. 86%
do 4a. Nov., 1958. 86%
do 4s, May. 1957. 86 Va
Re?.. 4?, Nov., 1956-'66.. 86%
do 4a, Nov., 1936. 91
4.67
4 67
4.68
4.68
4.66
4.66
4.66
4.6S
4.64
4.84
88% 4.65
SS'.! 4. ?5
88%~ 4.66
4.61
96%
96 %
96%
96%
92
02
92
92
92
8 8'a
Inter. 3%?. Nov.. 1954... 78 80
Coupon S%8, May, 1954.. 7? 80
New York State Bonds
Can Imp 4%s. Jan. 1964. .105 107
High Imp 4%s. Sept.. 1063.105 107
Canal Imp 4%s, Jan., 1965.100 102%
High Imp 4%s, Mar., 1965..100 102%
P Can Tor 4%s. Jan., 1945..100 102%
High Imp 4s, March, 1967. 96 98
High Imp 4?. March, 1960
'62, tnc. 96 98
do 4h. M & P. 1958. 96 98
Canal Imp 4s, J *-. J, 1960
'62, ino. 96 98
Federal Farm Loan Bonds
4V4?. 1939 op, 1924. 97
4%s. 19?R, op, 1923. 97
4^s. 1937. op, 1922. 97
5s, 1938, op, 1923. 99
Short Term Securities
Am Cotton Oil 6s, 1924.. !?7 97-li
do 6s,-1924. .".. 9414 95
4.66
4.66
4.15
4.15
4.10
4.10
4.10
4.06
4.06
4.06
98%
98%
y 8*4
101
fi.fin
7.45
Markets in
Baltimore
Sales - ? Open High
20 Atlantic Tote. 3 3
45 Anindel Sand 37 37
10 Halto Com Bk.125 125
10 Cen Ter Sug pf 8-"4 8%
5 90 Cosderi . S su
Low
3 '
Last
3
37
126
S-34
R V?
163 (Vioatlno ..
10 Citizens Bk . . 41 1
108 Canton Co . . .162'
220 Con Power .. 96
170 Con Coal .... 78% 78 Va
SO Davtson Chrjn 34 34
10 Elkliorn . 22% 22',4
10 Houston.Oil pf 81 81
130 Indlahoma ... 7 34 7 T?
1140 M & M N B. 28% 29
30 M & M Tr Co. 47% 47%
208 Md Casualty rts 17 17>??
26 Nor Central . . 67 67
Bonds
?11000 Cosden 6s. B 89 89
4000 Con Power 5s 93-V 93%
2000 Un Ry Inc 4s 44% 44%
3000 Un Ry 1st 4s. 65 C5
Boston
50 Adventure .... 9.r> 9 5
9 Ahmeek . 70 70
35 Allouez . 33 34
580 Arizona Cuil.. 11% 11%
265 Big Heart. 6% 7
178 Calumet & A. . 60 61
10 Calumet S? H. .360 360
1245 Carson . 19V4 20'4
40 Centennial ... 1 1 13
227 Copper Range. 43 4.1
8 6 Paly. West . . 3% 3%
75 Davis Daly . . 11 11
245 East Butte_ 12% 12%
155 Franklin . 3% 3%
40 Hancock . 4% ,4%
.6? Helvetia . 3% 3%
200 Island Creek.. 40 40
100 Isle Royala... 31 % 31%
I 40Kerr bake. 4% 4%
10 Mason Valley.. 2% 2%
620 Mayflower O C. 8% 8%
2 Mohawk. 60 CO
230 New Arcadian. 3 3
130 New Cornelia. . 20 20
290 Niplssing . 9% 10
250 North Butte.. .16 16
40 Old Dominion. 33 33
15 Qulncy . 59 69
10 Seneca . 14% 14%
260 Shannon . 1% 1%
350 Sup. & Boston. 6 6
26 Trinity ....... 1% 1%
76 U S Smelting. 63% 64
62 do pf. 45% 45%
100 Utah Apex.... 2% 2%
S7i Utah con. 8=4 8 %
700 Utah Metal... 2% 2%
100 Winona . 1% 1%
i 1 Wolverine .... 17 17
I Railroads
i 163 Boston & A1..120 120
! 12 Boston Elev... 62 62
666 Boston & M... 30% S3
23 1 do pf "A".. 40 40
1 200 Mass Electric. 4 4
100 do pf. 10% 10%
165 N Y, N H & H 26% 28
110 Rutland pf. . . . 16 16'.'
I 20 Vermont pf. . . 8? 86
36 West End. ... 42 42
Miscellaneous
30 2.30 2.25 2.2u
V4 41 '4 41 41
% 162% 162% 162%
95%
7S%
3 4
22%
81
95%
78%
29
47 Vi
88%
93%
44%
33
11%
6%
69%
360
19%
13
42
3%
10%
12%
3
4%
2%
40
31%
* 4%
.2%
8%
60
3
19 %
9%
16
32
69
14%
1%
C
1%
63%
46%
2%
8%
2
1%
17
119
61%
30%
39%
4
10%
26'/?
16
95
70
34
11%
61
360
20%
13
42
3%
11
12%
3
4%
2%
40
31%
4%
2%
8%
6?
3
19%
16
1?
32
69
14%
1%
5
1%
64
45%
2%
8%
2
1%
17
119%
62
33
41)
4
10%
28
16%
86
25 Am Agr. 87 87 87
190 Am Oll & Eng 5% 6% 6 Vi
20 Amoskeag pf. 81 81 81
190 Am Pneu Svc. 1% 1% 1%
1 do pf. 5 5 5 5
6 Am Sugar. . . .125% 125% 125'.': 126%
45 do pf.116 116% 116 116V?
600 Am T & T.... 97% 9 7-;i 96%
10 Am Wool.120 120 120
20 do pf.102% 102% 102
160 Bob Mex Pet.
65 Clinton Wire. ,
100 East Boston. .
20 Eastern Mfg..
760 Eastern S S.
96 Edison
2%
3 0
20
150
S7
6%
81
1%
97 "
120
102'
610 Elder . 28%
o2%
"4%
21
20
150
33%
66
71
(?0
98 *
38%
14%
86%
28%
37 %
81'
615 Gray
25 Int Cot Mills.
200 Int Portland..
100 Int Products. .
3 LIbby .
19 Mass Gas.
70 do pf.
30 M'Erwinlst pf
925 Mex Inv.
310 Nat Leather. .
48 N E Tel.
100 Ohio Body_
60 Parish ft B. . .
30 Punta Sugar. .
675 Root . 44 %
76 Simm? Mag. . . 14%
21 Stewart Mfg. . 40
145 Swift & Co. . . .120
200 do Intl . 43
75 United Drug.. 129
13 do 1st pf. . . . 60%
167United Fruit. . 182% 184
375 United Shoe... 44% 45
40 do pf . 26
940 Ventura . 13%
1760 Waldorf . 17
207Waltham Well 39 Vi
1 Walworth _ 24 V?
26 Warren 1st pf. 60
Bonds
$30000 Alas gold 6sA 14
1000 A O W I 5s. .. 75%
8000 Carson 7s.101
2000 Miss River 5s. 73
10000 Pond Creek 6s. 92
3000 West Tel 6s. .. 79 %
33%
66
17
23
19V?
15(1
28 V'
4%
30%
18%
160
28%
6 6
61
98
43%
14%
86
29%
37%
81%
44'4
14%
40
120
43%
129
60%
24%
70
CO
87%
38%
13%
85
29%
26
1 1 %
17%
39%
24%
CO
14',.
75%
102
73
92%
79%
40
119%
4 3
129
50
182 Vi
4 4 V?
?6
13%
24%
CO'
14
75 Vi
101
7 3
92
79%
24%
70
60%
98
43
14%
86
29%
3 7
81%
44%
14%
40
120
431/3
129
50
184
45
26
??li
17%
39 %
24%
60
14%
75%
102
79%
Boston Curb
Bid. Asked
Blk Hawk. .85c 90c
Bohemia ... 1% 2
Bos St Mon.CSc 67c
Calaveras ..? 1 %
Chief Con.. 4% 41/2
Con Copper. 4 % 4 %
Crown Rea. 30 40
Denbigh ...30 40
Eagle B B..2 1-16 2%
Fortuna _ 4 4%
Oadsden ... 1 1 %
Honra .10 12
Houghton ..75o IV?
Iron Bloss. .28 . 40
Iron Cap... 10 l.'i
Jerome Ver.BOo 66c
La Rose_88 45
Majestic ...15 20
Sid. Aikm.
Mex Metals. 15 is
Mid Moss. ..60 SS
Mo.) Tung.. 8
Monarch . .97c
Nat L & Z. 5
Nev Doug. .10
New Baltic. 3
Nixon .16
Onondaga ..15
Orpheum . . 20
Pilgrim ... .20
Pioneer* . . . 90o 1.U0
Rngr Petrl..? 55
Sev Metals. 23
S W Mi f p. 3
Texana ....28
U Verde Ex.37
Yukon . 1
12
98c
8
14
4
21
24
4
31
88
1%
Chicago
Balii. Open. High
26 Albert Pick. . . 42% 42%
60 AmShipBldg.100 100
9700 Armour Leath 10% 16%
1796 do pf. 94% 94%
800 Armour pf . . . . 98 98
100 Booth Fish... 1014 10%
10 do pf. 69 69
100 Beaver Board 53 D3
"40 Bunte Bros... 14% 15
100 Chi C & Conn. 1 1
70 Chi L Ry pf. . 6 6
15Chl Title' & T.214% 214%
70 Cudahy . 98 93
117 Comw Edison.106% 106"'.
485 Cont Motors.. 11% 12
160Deere pf.100% 100%
46 Dia Match_118 113
20 Ot Lake?. 85 85
26 Holland St L.. 16 16
60 Hupp Motor... 13% 13%
.100 Hartman .... 88 8H
180 J 1 Case Plow. 17 17
475 do 2d pf.... 98% 98%
1300 Mont Ward... 35 35%
66 do pf.!07 107
15 M W Util pf. . 40 40
2600 Nat Leather.. 1?% 14%
60 Orpheum . 29 29
10 Quaker O pf.. 95 % 95%
170 Reo Motor_ 24 24%
60 Sears Roebuck.216 216
145 Shaw . 64 64
1100 Stew Warner. . 40 40
45 Stewart Mfg.. 40 ?0
46 Stand Gas pf.. 39 39V4
1600 Swift Intl. 43% 43%
900 Swift A Co-119% 120%
70 Thompson .... 44 44
25 Temtor Prod.. 41% 41%
3400 Un Carbide.... 66', 67
60 Un Paperbd,.. 20 20
86 Wahl . 39 33 %
45 Western Ktg.. 19% 19 31
100-Wrigle;.- ...... 75 76
Bonds
15000 Chi C U 1st 5s 70 is
6000 Com Ed 1st fis. ?5% ?*%
Lo w.
42 %
100
16%
94%
97%
10%
1
6
214%
98
106%
11%
500
118
85
16
13%
88
98%
34%
106
40
l??
95%
24
216
64
39%
40
38%
42%
119%
43%
41%
65 '?
20
39
19%
7?
?0%
214%
93
106 Vi
11%
100
119
85
16
13%
88
17
98%
35%
106
4"
14
28%
95V4
24%
216
64
4 0
40
39>t
43%
120%
43%
41%
66%
20
39
19%
79
S?%
Last.
42%
100
16%
94%
98
10%
ti 9
53
tet?
Beourlty, rate, maturity. Bid. -Ask. Tljl?.
Am T*l A Tel 6s, 1938... ?4V4 M?t ?.tl
Am Thread 6s. 1928. 09?4 101 6.8?
Am Tobacco 7s, 1920.100 100V4 ?.Jfl
do 7n, 1921.101 101%
6.3f
do 7s, 1922.101 103
do 7s. 1923.101% 103 6.4?
Anaconda Con ?s, 19?9... &*Vi 96H ????
Armour A. Co conv 1920
1924.100 108 ?
Hellt Steel 7s, 1922. 99% 100'i ?.??
do 7s, 1923. 99% lOOtf 8.9?
Can Northern Ry 6s, 1922 95 98 7.1?
do 6s. 1924. 95 98 6.6C
Can Pao By 6s, 1924. 94 95 7.4f
On Argentina By 6s, '27. 80 84 S.8(
C. B *. Q (joint) 4s. 1921 93 93ty 8.7?
C! C, Chi * S L 6s, 1929.. 84 Vi 85Vi 8-2E
Cuba Am Sug 1st 6?, 1921 99 100'A IS.7E
Cudahy Pack 7s, 1923_ 99% 100V4 6.if
Del A Hudson 6a. 1920... ?9 99Vk ?.0?
Fed Sugar nof 6s, 1024... 96 97 6.7C
Gen Electric 6s, 1920_ 99 V& 100 6.Of
Gt Nor By 5?, 1920. 08 98 Vi 8.Of
Gulf Oil Corp 6s. 1921... 97',4j 99 6.7t
do 6s. 1922. 97 V4 99 6-4?
do 6b, 1923. 97% 99 6.3C
Hocking Val 1?%JI 6s, 1924 89 93 7.9C
Int. R Tran conv 7s, 1921 6R ?7 ?
J Dold Pack 7?, 1920_ 99% 100V4 ?-41
do 7r, 1941.. 99% 101 6.4(
do 7s, 1932. 99% 101V? ?-4?
do 7s. 1923 . 99% 101V4 6.6?
Kan City Ter Ry 6b, 1923 96% 98 8.?C
Laclede G 1st 7s, 1929.... 95 97 7.4?
Liggett A Myers 6s, 1921. 98Vi 99 0.51
Molino Plow 7s, 1920. 99V4 101 8.9f
do 7h, 1921. 99V4 101V? 6.3?
do 7s, ?1922. 99% 101% 6.4?
do 7s, 1923. 99% 101% 6.6!
do 7b. 1924. 99 Vi 101% 6.8?
N Y Central 6s, 1030. 99 . 99% 6.6?
Philadelphia Co 6s, 1922.. 92 95 8.It
Penna Co 4%s. 1921. 97 97% f.?f
Plttn A S col tr 6s, 1920.. 99% 100V4 4.8?
Proct A Gamble 7s. 1920.. 99% 100% -
do 7s 1921.100 100% 6.2(
do 7b, 1922 .101 102% ?.If
Public S N J, Nov 7, 1922 85 19 18.31
It .1 Reynolds Tob fin. 1922 98 Vi 99 ?.4f
Southern Ry 6s. 1922. 93% 94% 9.11
St P IT D gen 6%s. 1923.. 96% 98% 691
Swift & Co 6s. 1921. 98% 99 6.3E
West India Sugar 6s, 1922 96 100 7.0C
, Utah Secur Corp 6s, 1922 84% 86% 12.4(
Other Cities
Detroit
Sales Open High Low Lasl
6?0 Charcoal I pf.. 4% 4% 4% 4%
1600 Cont Motor_ 11% 12 11% 12
60 Detroit. T3dl3c.nl 06 106 106 106
400 Lincoln Motor. 60% 60% 60% 60%
1 00 M ich Sugar_ 11 % 11 % 11 % 11 %
400 Packard . 21% 22 21% 21%
.150 Reo . 24 24% 24 24%
Philadelphia
2274 Am Stores_ 41% 42% 41% 42
10 .1 G Drill _ 46 45 46 45
. 915 Elec Storage..109 113 109 113
' 74 1ns To of NA 32% S2% 32 V? 32%
45 Keystone Tel. . 10Vi 10% 10% 10%
214 Lake -Sup Corp 16% 17 16 17
96 Ph Co 6 pc pf 32% 32% 32% 32%
::08 Ph Rl?c . 24% 25 '24% 25
?06 Ph R T tr etfs 23 23 23 23
25 Tonopah Bel.. 2^Vr 2A 2A 2A
l95Tonopah M .. 2% 2% 2% 2%
114 Un Gas Imp.. .63% 54 63% 54
45 York Rys pf. . 81 31 31 31
1 Westmoreland. 78 72 72 72
Bonds
$2000 Lehlgh V 6s. 100% 100% 100Vi 100Vi
1000 do con 6s reg 99%, 99% 99% 99%
1000 P R R g 5s, '68 89% 89% 89% 89%
1000 P, W & H 4s. 96 96 98 96
2000 Reading gen 4s 78% 78% 78% 78%
6000 Un Ry In c t 6s 70 70 70 70
Pittsburgh
10 Am Roll Mills 50 60 60 6J
9275 Arkansas Gas. 31% 31% 26% 28%
300 do pf..110 113 110 113
130 Barnsdall Corp 50 50 60 60
lOOCarbo Hydro.. 2% 2% 2% 2%
100 Carnegie Ii4Z 8 8 8 8
700 Guffey Oill- 27% 28 27Vi 28
100 Ind Brewing.. 3% 3% . 3 % 3%
250 do pf. 10 10 ' 9% 9%
346 Lone Star Gas 35 36 34 36
1425 Marland Ref. . 5% 5% 6% 5%
. 145Mfrs L & Heat 55 65 64% 65
136 Ohio Fuel Oil. 24 24 2? 24
145 Ohio Fuel Sup 45% 45% 45% 45%
995 Oklahoma Gas 38 Vi 38% 38 V4 38%
265 Pitts Bi-ewing 5 6 5 5
60 Pitts Coal_ 64 64 64 64
7700 Pitts Jerome.. 16 16 ' 15 15
2600 Pgh Mt Shasta 41 41 40 40
650 Pgh Oil A Gas 13% 14 13% 14
60 Pgh Plato G..165 165 165 165
1013 Riverside East 2 2 1 % 1 %
170 U S Glass_ 62 57 62 57
80 West'house El. 50 Vi 50% 60% 60%
70 West'housc AB109 109% 109 109%
850 Wyom Fuel OH 2 2 2 2
Bonds
$1000 Ind Brow 6s.. 54 54 54 64
Toronto
Bid Ask Bid As'n
Adanac .... 2 6 Mclntyra .. 1% 2
Atlas . Vi Vi Mln Crp On 1% 2%
Bailey . 3 6 Newray ... 1-16 3-16
Bvr Con.... Vi % Ptrsn Lake. 15 20
Chamba Fer. 7 10 Porc Crown.20 30
Conlagas ... 2% 3',i Porc Imprl. 1 :?
Crown Hbv. .30 40 Porc Tsdl.. 1 3
Domo Ext..22 30 Pr?s K D... 2 5
Dome Lako. 7 12 Tk JIughes.10 20
Gt North... 1 3 Terrffsmng .35 45
Hargraves . 2 4 TH Krist... 4 9
Hollinger ..6% 6 Vacuum G.. % Vi
Koora .16 26 West Dome. 7 11
Lake Shore. % 1%
1 1
14% 14%
Curb Market
(Continued from preceding page
Sales. Open. High. Low. Close.
2000 ?tJim Butler.. 24 24 23 23
2000 tJumbo Exten. 6V? 6V? 6V? 6V?
2000 ?tk'awanas ... 3 SVi 3 3
6500 ?tKnox Divide. 8V4 8VJ 7 _ 8
500 ?Louisiana Cons Va Va Va Va
4000 ?tMacN Cr M. % % % %
9000 ?IMacNam M.. A % *'? A
8000 ?Magma Chief. % Vi '% %
3000 ?tMarsh Min.. 22 22 21 22
eOONipissing Min.. 10 10
7800 Roper-Group M. % %
100 Seneca Copper. 14% 14%
1400 ?Silver Dol M. Va ? Va
7000 Silv K of Ariz. Bs \\ % \\
2500 ?tSilver K Div. 6 6 6 5
25700 ?tSllver Pick.. 11 14 11 13%
700 ?So Am G A P. 8 8% 8 8%
2000 Stand Sil Lead. -h f? A A
2000 ?tstewart. 18 19 18 19
3400 *'<Success Min.. 6 6 5 6
2700 ?Sutherland D. 5 H 4 Va 5
760 ?Tono Belmont. 2% 2% 2?j? 2%
560 ?Tono Divide.. 2% 2% 2T? 2\?
250 Tono Extension 2% 2% 2% 2%
475 ?Tono Mining.. 2>? 2V& 2% 2V?
1250 United Eastern 3% 4* 8% 4
700 ?Utah Revenue 1?? 1?! 1% 1%
2000 ?tU S Cont M. 8V4, 9 81 i. j)
2600 ?fVict D (ap). 15 16 15'" 16'
1200 i-Wash G Qtz.. 99 100 98 100
?200 -W End Cons. 1% lij 1% 1 ?
2700 tW Caps Min.. 10Va 11 10% 11
3500 tW C Ext (ap) 1>2 2?/3 IV? 2?
1400 Wilbert Mining 7 7 6 7
Bonds
Ssles (000 omitted). Open. High. Low. Last.
$25 ?Allied Pack 6s.. 77% 77% 76% 77%
6 ?Am T & T, '22. 95% 95^ 95% 95*%
2 ?Am T A T, '24. 94% 94% 94% 94%
5 ?Belgian 6s. '25. 96% 96Vi 96% 96%
90 ?Gen Elec 6s, '10. 96 96% 96 96%
6 ?Lig & M 6s. '21. 98% 98% 98% 98%
40 ?Inter R T 7s.. 66>a 67& 66?* 67%
3 ?Swiss Govt 5Vss. 87 87 87 " 87'
?Unlisted. TSells cents per share.
Bankers Urge Private
Ownership of Shipping
The American Bankers' Association,
through its committee on commerce and
marine, which made a statement before
the United States Senate Monday, yes?
terday in a statement to the press
urged the building of a privately owned
and operated merchant marine in order
that the country's foreign trade might
be maintained adequately.
The government, according to the
committee, "should adopt as a definite
policy that it .will in no manner or
form compete with established steam?
ship ?fTTes, as is the case to-day. We
believe that in this, attitude-will be
lound the greatest encouragement and
the greatest stimulus for individual
initiative. Present conditions more
than ever demand a speedy determina?
tion of shipping polity,? and that such
policy first of all be based on the fact
that private initiative and experience
in shipping ctyinot safely be set aside
in favor of experimentation in untried
held?.
American Chicle's Year
Report of the American Chicle Com
pany for the year ended December 31
last shows a net increase in surplus, '
ifcer the payment of interest on bonds
nid dividends.on preferred and com?
il?n stocks, ?f $1,101,619, making a
otal surplus on that date of *2,89f>,743.
In the annual report submitted to
.he stockholders yesterday at their
neeting attention was called to che
itatemetit from builders that a large
actory in Long Island City will be
?ompleted during the soring of this
?car. and is adequately equipped to
landio gil tho requirements of the
:ompany for many years to come.
slak
Information
?
Ir. answer to many inquiries we have received con?
cerning the method of subscription for the preferred
and common stocks of Armour Leather Company, we
republish for the convenience of the public the follow?
ing information:
Orders should be sent to the Continental and Com?
mercial Trust and Savings Bank, Chicago, or to the
Bankers Trust Company, New York.
State on your order the number of shares of stock
you desire (in blocks).
Initial payment of 10% is required with each order.
As the books of the Company close February 25,
1920, your subscription must be received before that
date.
Allotments will be made in order of receipt of sub?
scription as promptly as possible after above date.
The stock is offered subject to the privilege of subscription to the holder? of the
preferred stock of Armour and Company now outstanding in the hands of the pub??e
Armour Leather Company
(OF DELAWARE)
$10,000,000 $10,500,000
7% Cumulative Preferred Stock Common Stock
(Par Value $100 per Share) (Par Value $15 per Share)
Dividend on Preferred Stock, payable quarterly, January 1, April 1, July 1, and October
1. First dividend payable April 1, 1920, will be for month of March only. Callable as
a whole or in part, at the option of the Company, at 115 and accrued dividends.
DIVIDENDS EXEMPT FROM NORMAL FEDERAL INCOME TAX
TRANSFER AGENT: REGISTRAR:
(Both Preferred and Common Stock) (Both Preferred and Common Stock)
Continental and Commercial Trust and First Trust and Savings Bank,
Savings Bank, Chicago, III. Chicago, 111.
The Armour Leather Company has been organized under the Laws of the State o?
Delaware, and will acquire all of the tanning companies and leather assets now owned by
Armour and Company at figures which do not include any value for good will. The
gross volume of business in 1919 was approximately $90,000,000.
CAPITALIZATION
To be immediately
issued and out
Authorized standing
7% Cumulative Preferred Stock ($100 par) . . . $25,000,000 $10,000,000
Common Stock ($15 par).$15,000,000 *$15,000,000
Founders' Stock (no par value).shares 100,000 f 100,000
?$4,500,000 Common Stock is reserved to be offered to employees and customers of the Company.
tThe Founders* Stock will be subscribed for and acquired by Armour and Company, who will pay $5 a share for same.
The Company will have no bonds outstanding and covenants not to perm?t the
creation of any mortgages or liens upon the present property of either the Company or
the companies whose stock the Company is about to acquire, without the consent of
the holders of two-thirds in par value of the Preferred Stock outstanding at the time.
Net assets, based on valuations of November 1, 1919, will be $25,500,000, equal
to $255 per share of Preferred Stock outstanding. Net quick assets will be
$16,043,564, which is equal to $160 per share of Preferred Stock outstanding.
Additional Preferred Stock can only be issued to an amount equal to 75% of the
cost of extensions, additions, betterments and improvements and of new property
aequired, and then only provided earnings for a period of twelve months have been
at least three times the amount required for dividends on all Preferred Stock out?
standing and the new stock to be issued.
The Company agrees to maintain at all times net assets equal to at least 200%
and net quick assets equal to at least 125% of the par value of all Preferred Stock out?
standing.
Earnings available for dividends, after Federal taxes, during the last fiscal year
were $6,195,824; average annual net earnings during the last four-year period -were
$4,485,215. Thus, net earnings for the last fiscal year were over eight times, and
average earnings of the last four years were in excess of six times dividend require?
ments on present issue of Preferred Stock.
After preferred dividends, the remain ing surplus earnings shall be available for
dividends on the Common and Founders' Stock, in equal aggregate amounts. For a
period of three years dividends on the'Founders' Stock shall be limited if earnings
are less than $4,000,000. *
... ?
After providing for dividends on the. Preferred Stock, the earnings for the last
fiscal year were equivalent to 18.3% on the Common Stock (this after deducting an
equal aggregate amount on the Founders' Stock), and the average annual net earn?
ings during the four-year period were 12.6% on the Common Stock on the same basis.
The officers and directors of the Company will be principally those who have
been engaged in the operation of the companies now being acquired, and who have
in a large measure been responsible for their growth and development.
APPLICATION WILL BE MADE TO LIST BOTH THE PREFERRED AND COMMON STOCK ON THE CHICAGO
STOCK EXCHANGE
All legal proceedings approved by Messrs. Mayer, Meyer, Austrian and Platt, Attorneys, Chicago; Balante
Sheet and Earnings certified to by Price, H'aterhouse t$ Co., Chicago; Appraisals made by American Appraisal
Co., Milwaukee.
?^ ?*?*? ! SSs??ist: ? ?"-.?-**
(This is equivalent to price of $95 per share on Preferred Stock and $15 per share on the Common Stack)
Subscriptions, accompanied by initial payment of 10%, will be received
' on behalf of the Company by
Continental and Commercial Trust and Savings Bank, Chicago
or
Bankers Trust Company, New York
? Fiscal Agents
who will on request furnish copies of a letter from the Company giving detailed information, which ta?
also be obtained at the various offices of Armour and Company.
Union Oil of California
Reports Large 1919 Profits
The Union Oil Company of Cali
S??fXtejep0ir^f nek Pronta, after charges
?2?r????r?1??Mt,aVof 510.?S8,253 in the
PA endfd December 31, 1919, equlva
?8,841*800 ?spltal ?tock, which com
pares with $6,023,139, or $13.82 a share, j
in the year before. \
Gross profits in 1919 aggregated $20,- j
632,487. an increase of $6,167,79.'$ over j
1918. Expenses and taxes were $2,- i
037,611, leaving a ?18,494,876 net. Fed?
eral taxes amounted to $1,750,000, an
increase of $200,000 over the preced?
ing year. After depreciation of $5,
740,465 and $366,168 in interest had
been deducted, surplus was $10,638,
263, or $4,615,114 greater than in the
previous year.
Financial Items
Guy C. Philips and T. J. KavansBh havs
been elected vice presidents of the Mis?
sissippi Valley Trust Company, ?nd Oliver
O. Hanson vu elected sais ???5??j?*s*
fleer. Charles O. Clbb was *V*Sri
???ana-jer of the aavlnjrs aeps,T%tam^
tho Institution and O. A. Rov^s^,-*
? Hecte.l credit manager. Oliver ]% Sj?
j becomes assistant bond offlcsr s?? <-**""'
1 A. Reaveyrol assistant secretary
The American Bichan?? Natlsaf? -JJ.
. h?a been appointed registrar el ?~Z So
I tal ?took of the Assoclstsd WsMsW'**"'
,pany. ino.

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New-York tribune. [volume], February 18, 1920, Page 18, Image 18
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924