New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 10, 1920, Image 17

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New-York tribune. [volume], March 10, 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.]), 10 March 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-03-10/ed-1/seq-17/>

Newspaper Page Text

Foreign
Government Bonds
are selling to-day at extremely
low prices, due to the unprece
dented decline in Foreign Ex?
change. Rates are now show?
ing a strong advancing ten?
dency and return to normai
conditions would provide un
usual profits.
Complete details of several
attractive foreign Government
Bond*. purchase of which we
recommend, will be sent upon
request.
Jfe speria'.ire in all Issues of
forrign Government Bonds and
im-ite your inquiry.
Kelley, Drayton & Co.
Memb*"9 SHP York Stock Krchange
LortTs Court Building
40 Exchange Place
Telephone Broad 3392
_I
Lee Tire and Rubber
Earns $3.14 a Share
Company's Net Sales in 1919
Were the Largest Ever
Reported
As ? resultt of the unprecedented
dercand* throughout the country for
automobile tires the Lee Tire and Rub?
ber Company in 1919 made the largest
net sales since its organization. Net
earr.ir.g* last year amounted to
85,583,993, or $974,069 more than ln
the preceding year. Expenses, etc.
totaled $4,999,949, leaving $564,044 in
groes ope:atir.g profits. Net profits
after all charges sr.d Federal taxes
were $471,805, equlvalent to S3.14 a
share earned or. the 150.000 outstand
ing shares of common stock, no par.
wfcich compares with $200,348, i. $2
a share, earned on ihe 100.000 common
shares ln 1918.
In his report to stockholders John
,T, Watson jr., president, said: "Sub
itantial additions have been made,
which will permit us to icrease our
production and enable us to take ad
vstage of the increased demand for our
product, which tt present is the larg?
est in the history ol" the company.
"The additional capital acquired
through the issuance of 50.000 shares
of new stock during the past year will
materially reduce the excess profits
Ua the company will be obliged to
pay in the future and will also place
the- company in a strong financial
position. In the past the director?
".ave felt it necessary to retain sil
profits to inc.-easc the working cap'ta!
with w-1 ich to car? for increasing
business, but the company should
-oon b" in a position where the direc
tors can give eonsideration to the
distribution of such part of the earn?
ings ai conditions warrant."
RHPART OF TH~ CONDITION OF THK
METROPOLtTAN TRUST ' OVrANT OV
THE CITY OF NEW TORK AT THR
CLOSE OF BUSINESS ON THE 28TH
D.V* \i FEBRUARY, 1320:
RESOURCES.
Btock and bond In-wsstments, vla.!
?P f., iritles . $8,771,446.17
??-.. ;?- rll ea . 4.129,506.00
r.?al estate owned. 509,451.56
Mortgages ? ?. 1,389,850.00
? . . . seem ed \y
bond and r .or jajre daed or
other real estate eollateral... 1,058.801.91
loans -? ' scounta aeeured by
other . .:?,088,527.50
Loans. dlacounta and bills pur?
chased not Becured by coilat
?re. 11,831,032.87
Overdrafta. 620.33
T>.e from approved
reserve depoal
tarles, [esa amount
c- offaeta .$447.41*.J8
Due fr ra trusl com
panJea, banks er**
bs - ?-, not ?':. ?
, ? .
ln? .-.'ra . 983,487.85
- j 1S9.908.23
Sperie. -' 130.00
Other enrrency aurhorlzd by
the La%s ot tha Cnltad
States. 536,987.01
Ctfh r.ems. vts.:
Exchanges a n rt
ch'CAS for vt'\i
day's clearlngrs.; $908,730.78
Other cash Itema . 811,853 01
-_- 1,213.583.79
Dsa from the F?deral Reserva
Bar.k of Now York less offseta 8,828,184.1?
Customers' liability on accep
sn'.fg <?ee llabllltles, per
eontra). 1.840,330.53
Other assets, <rtz
Atxrued Interest entered on
booK.s at c!o?i<j of cuamesa
cu t'.o-.e date. 268,033 45
Toral .t50.305.41S.6S
?Market value.
LIABHiITIEa
Capital stcck. $3,000,000.00
Surplus;
Surplus fasd_J8.000.0il0.00
Undivided proflta 353,193.51
-? 8,863,193.SI'
Deposits:
rrs;erred. us fo'.'.owa:
Due Navr Tork
State Bavtaga
iianks. 31,806,033 '?.,.
Other deposits due
ai executor,
adrn!niflirj.tor.
aruardlas, r?v
eelver, trustee,
rotnrctttea o.
dtposltory _ J.U7.S04.57
Depoe!-? by iho
8'ate of New
York . TBe^oe^e
Deposits by tha
Bupe-'.ntendant
of ;.?.!.'<!} ot
State ot New
Tork . 1 S.lUJtO
Other dpposlta
?ecured by a
Pledge of asse'.s 8I?,I80.0?
Not preferred. aa
f ollowe |
Deposits subject
to chec* .23.M4.M7.84
"tn* klepoalta.
certlflca'ea and
other deposits.
tha p?>tnent or
which cannot
!?g*iiy be re
Orulred wlthiu
thlrty day?_. 637,843.bb
Demand certlfl
?taa of deposit S7l.174.03
Other oartiQcRtaa
of deposit. 7S,700.C?
CMhiers' fheclts
outstanding, la
cludlng slmllar
ohaolss oX othar
Offlcera. 805.S0S.T1
Carttfted checka.. 139,031.70
^apadd dlvidenda 70100
"ua trust oom
P**iaa, bajvlis
Ud baskora.... 3,005.856.00
-_, - ST,MS,770.M
?wjf P*7?M*. laolodlm; Indabt
?taeea for money Vx>rrowod.
T?pr?eentad by notaa, cartlft
c*tes of dapostt or othorwiso. 8.900,000.00
??llscount? . 8.448.081.58
?cepv*noes of draiu payablo
?J * future data or author
'*ed by cosauosrclal lettara of
Q,,i,r*<H* . l.?40,880.5?
**W liahlllUas, vla.;
*teservos for
taxes, expenses,
/"* ??. 3184.06S.81
**?nje? Intereat
a n t'a r e d on
t*?k* at elosa
?f bualoeaa on
?&t^t#un: ?MU
??W11" ~. T7.8J1.TS
?- JBS.048.S3
**?* ??????*?".??.?.*.M.-|5040*.41?.?8
The Day's Bond Market
U. S. Government
TxaiuacMons
<t->i??
Liberty 3%s. 1947..... $519,000
do lst 4*. 1847
do 2d 4?, 1942
do lst 4Vi?. 1917.
do 2d 4%?. 1942.
do 8d 4%s. 1928.
do 4 th 4%*. 1938.
Victory 4%s, 1923...
do 3%s, 1923_
56,000
196.000
139,000
1.1-6.000
1.397,000
2.151,000
1,158.000
961,000
Quotatlons
TleM
9.71
4.62
4.74
4.80,
4.98
5.28
5.10
5.48
4.4SI
Hio-h
Liberty 8%s. 96.18
do lst 4s. 90.48
do 2d 4s. 89.54
do lst 4%s_ 91.48
do lafc-2d 4%s.. 97.00
do 2d 4%?_ 90.00
do Sd 4%?_ 93.00
do 4th 4%s.... 90 10
Vlctorv 4%s_ 97.50
do 3%s . 97.43
97.38
97.10
Bid and Asked Quotations
Liberty bonds.
34s. 1947_
lst 4?. 1947_
2d 4s, 1942_
lst t%s, 1947..
2d 4%s. 1942..
3d 4'is, 1928..
4th 4%a. 1938.
Closinsr
Yest?*rday.
96.06? 96.16
90.400 90.60
89.30$ 89.60
91.30?> Pl.RO
89.884:) S9.90
92.96? 9U.00
90.06W 90.10
Vic 4%a, 1923. 97.40? 97.42
do 3%s, 1923 97.40@ 97.44
Pre-war issues:
2s re*.
-8 COUp. '30
3s resr, '46 . . .
3s coup, '-iR. .
4s, reg, '2f>. .
4s coup, '_5..
2a Pan, c, '36
"3 Pan, r, '30
23 Pan, c, "38
2a Pan, r, '38
3s Pan, reg. .
3s Pan, coup.
Phil 4s, '34. .
Phil 4s, '35. .
Ph.l 4.. ??.;.
D Col ..3, '65
30.100%@10l
L00%<g!10t
(fi 92
. 106
106
. !00
.100
,100
.100
. ss
. S8
. 90
, 90
#106';
?106i.i
W101
(Sioi
?fi 101
auoi
<rt, 91
?5) 91
97 S> -
90
no
90
Foreign Govt. and Municipal Bonds
(Interest To Be Added)
Bid.
Anclo-Freneh ExU-rn 5a, 1920.
Argentina lntern &s, 1945.
Canada, Dom of, jiotes, 1321..
do 5s, 1D_1.
do 1926.
98
74%
97%
97
92 %
?" '??-:'. 93%
do 1931 . 91-g
Chinese Gov IIu Kurt Ry 5s, 1951 44%
Cuba Extern 5s, l_i4i. 90',.
do Extern 5a. ser.e.-. A. 1949. 80%
do Extern 4%s, 1949. 73
Domi can Rep 5s, f.'.'.s. 70
City of T.yons 15-yr ss, 1.934.. 89%
City of Marseillea 15-yr 6s, 1934 89*4
City of Bordeaux 15-yr 6s. 1934 89'i
City of ParU 6s, 1921. 90%
Jap Gov 4%s, strlng ln. 1925.. 74%
do 4%s, 2d series. 3 125. 73
do ls, stlng ln, 1931. &9%
City cf Tokio 5s, 1952. 66%
U K G B &. I 5-yr 5%a, 1021.. 95%
do 3-yr 5%.">, 1922.". 92
do 10-yr 5%s, 1929. 90%
do 20-yr 6%s, 1937. S6%
.Yiex Extern strl os of '99, 1945 29
do Extern gold 4? of '04, 1932 30
(Salea)
Asked.
!>8rV
77
97%
97%
92?4
' 93%
91%
45%
90%
90%
75
XO
90%
90%
90%
90%
74%
73U
59%
58
95%
?2%
91
86%
31
Anglo-French 5s
?-? 000.
2]ooo! 77!
2,000!7 7.
4J000!7 7.
5 000
6.000.77.7
2.000.
do 2d st>r 4%s
1,000_
I . ,.,?'.;'
74%
75
74%
74%
74 q,
74%
do stlg loan 4s
3,000.s30f. 59
10,000. 59%
1.000.s30f. 59%
1.000. 59%
14.000. 59
2,000.s90f. 58%
19,000.s30f. 58%
1.C00. 58%
8,000.s30f. 58%
30,000.s30f. 59
7,000. 59%
2,000. 59%
? 15.000. 59%
Rep of Cuba 5s 1904
l.ooA. 90%
1.000. 90%
! 1.0O0. .... 90%
U K of Great Britain
& I 548 192.1
25,000. 9?.%
5,000. 95%
6,000.. .. 95%
1,000. r,r,7i.
8,000. 98%
1,000 . 95%
6.000. 95%
4.000. 95%
do 5%s 1922
2.606
"! ,000.....
8,000.
do 5%s 1929
1,000.
14,000.
do 5%* 1937
41,000. 86%
10.000. R6%
5.000. 86%
6.^00. 86%
9.000. 86%
92%
92%
91%
91
74% N Y City 4%s 1957
'4%
74 34;
74%
7X5:. '
73%
78%
l\l
I " 78 .
73
73%
May
6.000.96
8.000.96%
do 4%s 1957 Nov
1.000. 96%
6.000.96
do 4%s 1957 reg
1,000..95
do 4%s 1965
8.000. 98%
do 41,-is 1960
?,non.9i
l.ooo!77, 90
i.ooo. no^
?, 1,000.
13,000 .77
10,000.7.7
10,000.sSOf.
2,000.s30f.
10.000.
J0.0CH.s30f.
'.0,000. 73%
Railway, Other Corporations
Adam* Express 4s [Cen R R of N J 5e
2,ono. 99%
tChea & Ohio cou 5s
15,000. 91
1.000. 9QVj [
do cvt 5i
2,00rt. 79%
85.000. 79%
24,000. 80
5.000. 73%
do gen 4%s
1,000. .... 76
do cvt 4%s
2,oon. 74%
2,000. 74%
_o ooo..., 7454
5.000. 71%
& Alton 3%S
1,000. 83%
B & Q IlUnoU 4s
10.000. 78%
do Nebraska 4s
1,000. 90%
do joint 4s
10.000. 93%
20 ono. 94
68,000. 93%
12 oon. 94
13.000. 93%
1,000. 93%
C Great Western 4?
2,ono. 55%
3.000. 55
8.000. 55%
C M ft St P gen 4 %s
1.000. 76
do cvt 4%B
11.000. 71
1.000. 71%
2,000. 71%
1.000. 71%
1.000. 70%
6.000. 71%
do rfsr 4%s
2.000. 60%
8 000. 60%
14.000. 60
6.000. 60%
4.000_ 60%
do 4s 1925
2.000. 78%
1,000. 78%
6.000. 78
do deh 4a 1934
1.000. 61%
do 6s C A P W div
9.000. 96%
69
3 000.
1.000.
do adj 4s
8.006.
do adj 4s atamped
7.000. 69
2,000. 68%!
Atl O L lst eon 4?
l.ono. 76
do I; 4 N -I*
l.ooo. 67%;
3,000. 68
Ba.lt ft Ohio tem 6s !
25.000. 86
2,000. 86%i
1,000. 85%,
4,000. 85%
do rfg Ks
1.000. ?4%!
10,000. 64% >
1.000. 64
do evt 4%s
13,000. 64%,
9,000. 64%:
5.000. 84%
,000. 64%
65 ,C ? T * F gen 4?
0^0..
5,000. 64%i
1.000. 64%,
do go'd 4s
IOOOO.bSW. 64 !
do **itta L E & !
"W Va 4s
13 000. 86
do 8w 3%e
1.000. 73 I
2.000. 72%l 1.000...... 66%
1,000. 73 iO 8t P M ft O 8s
1.000.102%
1,000. 72%
do rfa" 4a
7.000. 66
8.000. 66%
1000. 66%
16 OOO. 66%
1.000. 66Hi
2,000. 66%
1,000. 66%
do T * 0 4s
12OO0.80
B 000. 49%
Beth St??1 rfa 6*
9,000. 85
do p m 5s
1.000.14
Brooklyn Rap T 5s
6,000.80%
Oanada Mo 5s ctfs
of depr^H
3,000. 67%
Con of Ga Ry 6a
8,000.103%
4.000.104%
CMeago ITn Station
4%s ?er A
2006.79
ChV.e Cmver Tt
4,000.103
11.006.101%
45.000.101%
5.000.101%
dots
6.000. 78%
1.000.
. L000.90% 'o O C 'ft 8fc' ti 'gen 4?
do con 5a "
1,000. 83u;
Oentrul leather 5<> Col
1.000...... 94%i
C?a Pacifle gtd 4* ?
1,000. 72% 1 *D,v?v..i.v
1.000.72% Oohrni O * % U
i.000.7%%\ 1.000...... 82
1,000. 72 do stamTMd
Oon R R ft BanHng 3.000...... 83
Co of r? 5s Oon CoeJ of ltd ba
3.0% .___. ?% ! M^.??
8 000.
8.000.
ft ?o 4%s
2.000.
1,000.
16,000.. ?
Con Gaa tem 7a
2,000.100%
22.000.100%
2,000.100 Mi
8,000.100%
1.000.100%
a.ooo.ioo%
Den & R Q con 4b
6.000. 63%
6,000. 63%
1,000. 63%
do rfft- 5s
10.000.e30f. 40%
1.000. 41%
1,000. 41%
6,000.?30f. 40%
_. ib.ooo. 4144
Detroit Edlaon rfg
6b 1940
__ 2.000.86%
Dotrott U Rya 4%e
10,000. 66%
1 12,000. 68%
E T V & G con 5s
? . 2.000. 87%
Erie prlor lien 4s
4.000. 54
do ?en Hen 4a
1.000.45%
2,000. 45%
2,000. 45%
do cvt 4s aer A
_, 5,000. 38V
do cvt 4s aer B
1.000. 39%
4,000. 39
1.000. 39%
do cvt 43 6er D
2.000. 42%
?,000. 42
1,000.42V,
G Bay & W deb B
1,000. 10
Havana Elec 5s
? , 1,^00. 84%
Hock Valley 4%?
1,000. 70%
Hud & M rtg 6s
C.000.sgii
II! Ccntvnl 5%s
2,000..."... 91
do rfg 4s
4.000.72%
do 4a 1952
9,000. fi9
do -la 1933
1.000.G6%
2,000. GR%
IlHnois Steel 4V,B
T Jfll,000. 81%
Indiana Steel 5a
l.ooo..,'.,. ?m
Interboro-Met 4%s
2.000.17%
15.000. 17%
Interboro R T rf? i'm'
-.000.52%
l.ooo.. ?<>*,
28,000. 53
2.000. 52%
65,000. 53
Int Mer Marine 6s
2,000. 90%
2,000. 90
Iowa Central 4a
1.000. 42
KCFtStM 4a
10.00.1. 65%
Kansas City So 5s
2,000. 69'.,
do 3s
1,000. 55%
Kan C ity Terminal 4a
6,000. 71
Klngs Co El 4s
1.000. r,3
L E & West 1st 5s
3.000. 7914
Lake Shore 4s 192S
7,000. 88
do gren 3%e
3,000. 6S%
LehiKh Valley 6s
J 7,000.100
do con 4%s
1,000.'. 79
9,000. 78 "^
Long Island con 6a
1,000. 91 u,
L & N unirled 4s
2,000. 81%
2,000. 8lC
1,000. 81%
do At Kncxv &.
Cin div 4s
1.000. G9
do Hend B Cs
J 3.000.101%
do N Orl & Mob '
Ist 6s
. 2.000.101%
do bo Ky joint 4s
1.000. 63
Manhattan Ry 4s
1,000. 55 u,
Mich Cen deb 4s
2,000. 80%
6,000.81
Mich State T 5s
1,000. 84%
Midvale Steel 5a
5,000. 83%
3,000. sn *
8,000. 83%
1.000. 83%
3.000. 83%
Minn & St T, rlg 5a
1,000_ 51%
2,000. r,4
, 3,000. 55
do 4 s
1,000_ 4T
4,000. 4 2 34
1,000.42
M K & T 1st 4s
1.000. 57%
Mo Pacific 6s 1928 *
4,000. 84
io jren ls
6.00O. 57%
0,000. 57 U
2,000 .....' 57
MobiJf & O new 6s
1.000.100%
Mont Tram Fg
1,000 . 71
New Orl Termi'rial 4s
1,000. 61
N Y Cer.tral deb fis
11,000. ..... 02%
1,000.... 9?%
8,000 . 92%
3,000.' 92%
4,000. 02%
8,000. .'.'.'.'. 92%
42.000....]. 92%
10,000. 02%
13,000. P23.i
do 4s 1034
14.000..76%
do rfpr 3%?
8.000. 65%
N Y C ft St I, 1st 4.s
2.010. 78
NYGK L H & V 5s
1.000..... 82
N Y Lack & W 4b
25,000. 93
N Y N H & H n-o
deb 4s 1955
1.000. kiu
do deb 4s 1955
3.000. SI14
1.000.52
N Y O * W 1st 4s
2.000. 61%
14.000. 61'
12.0O7.60
N Y State llys con
4%s
1.000. 51
N Y Tel deb 6a
17,000. 94
1,000.._94%
1,000. 9i%
do4%s
8.000. 78%
1,000_79
NYWiBn 4%*
9.000. 41
Norfolk So 5s ?er A
4,000. 53?
5,000. 54
Norfoik * W cvt 6a
19,000.101^
90,000.102
do con ia
4 000. 75U
do Poc-,h C & C 4s
1.000.77%
Nor Paciflc 4a
8.000 .75
1.000. 7 4
1.000. 75s.:
2,000. 75%
1,000. 75%
14,000.75%
2,000.76%
doSs
6.000. 63%
Ore Ry ? Nav 4 s
5,000.76
Ore Short Lino 4*
6.000. 81
Oro VV lt u & N 4s
10.000.. 68
Paciflc G & E 5a
4,000. 79%
1,000. 79
6.000. 70%
6,000. 79
2.000. 79%
Paciflc T & T Ea
4.000. 86
Penn 4%s 1921
5,000...... 97%
do 5a 1968
12.000. 88%
2.000. 88%
8,000. 88%
1,000. 89
1,000. 88%
do ifcti 4%s
6,000. 81%
8,000. 81%
do 4s 1948 reg
7,000. 79%
Pere Marquetto 5a
1,000. 85%
dols
4.000. 70
Peoria A E inc 4s
1,000. 28%
Phlla Co 5s 1922
5,000. 87%
Reading c<m 4s
10,000. 79%
1.000. 79
81.000. 79%
10,000. 79%
Republic 1 & 3 ir
2,000. 87
Rio O W 1st 4e
17,000. 60%
R I Ark & L 4%s
4,000. 61%
4,000. 61%
8.000.a30f. 60%
1 8.000. 61%
St L Ir Mt & S 5s
10.000. 87%
1,000. SS
9.000. 87
1,000. :..-%
St L & S F 4b scr A
21.000. 58%
8.000.a30f. 68
6,000. 58%
1,000. 58%
4,000. 58%
2,000. 58%
2,000. 58%
do 5a iicr B
7,000. 08%
1.000. 68%
15,000. 68%
1,000. 68%
1,000. 68%
do fis Rev C
2.000. 86%
3,000. 86
do ndj Gs
3,000. ,
1,000..
10,000. 64%
do inc 6a
8,000..
('?000. .
5,000..
5,000. .
1,000.,
1.000. .
15.000..
15.000. .
64',*
f.4
500.
10,000.
6.000.
t L S\vn 1st 4b
1,000.
20.000.
do Tel minal
48%
48%
48%
48%
48
4 8%
48%
48%
47%
48%
48%
62%
62%
5a
do con 4s
' 00t
St P M * M 4%s
2.000. 89%
do 4s Montana eict
1.000. 82
Seaboard A L rf(? 4 s
2,000. 4C%
do R(ii G3
5.000. 38%
8,000. 39%
1,000. 39%
So Bell T & T 5a
l.ooo. 81%
So Pacific cvt 5s
20 000. 102
IO.000.101%
2.000.101%
5,000.102%
35,000..102] j
13,000.102%
20.000.102%
; 47,000.ion
3.000.103%
10.000.103%
; 45,000.103 '?>
1,000.102%
l.onn.102%
.103
403%
.103%
, .103%
.103%
. ,103%
.103%
'8%
?9%
68%
69
58
58%
27%
000
1 000
25',000.'!';
1.000.,/.
8,000
15,000! '. . . .
10,000.
do cvt, ;s
5.000, a30f
1,000.
3 000.
do rfx 4a
4,000.
do rol ls
10,000.
1,000.
5.000. 68 yg
Southern Tly 5 s
1,000. 84%
6,000. 84%
do 4 s
2,000. Bgu
2,000.B8
4,000.. .. 58%
1,000. R8
1,000. s30f 57
1,000.
1,000,
Third Av adj 5a
5,000. ..
jUnlon Pacific 6
3,000.101
6,000.100%
?.000_. .100%
do lat 4s
6,oo?. 82%
3,000. 82%
do cvt 4b
5.000. 84
do rfsr 4 s
2.000. 72%
6.000. 72%
U S Realty & I 5s
12.000 ..... 76
?Un Rd of S F 4s
ctfs cf deposit
l.ooo 26
j 2,oo?. .... 27
U S P.tibber 7s
1,000.102%
1 doCs
i 1,000. 81%
1,000. 86
24,000. 84%
| 4,000. 85
6,000. 84'?
2.000. 85
U S St?>e] ? f 5s
i 14,000. 97%
r.,000...... 97'
? 7,000.97%
, 2.000.07
;Utah ? N'orth 5a
2,000. 90%
Utah Tower & I. 5s
1,000. 8!%
Va-Car Chemical fis
; 3,000.98%
3.C00_ 99
do 5s
l.OOO.
Vlrgir.ifin Ry 5s
4.000. 82
IWest Electric 5s
1 5,000,. 05
Weat Maryland 4s
l.OOO. 52%
1,000. 52%
1,000. 52%
Weat PHfiflc 5a
; y 1.000. sa
West Shoro 4s reg
1,000. 68%
Wllso.-i Co 1st 6s
15,000. 97
2,000. :n;%
do cvt fia
1 2,000. ..... 92
24,000. 91.v
37.000. 90%
l.ooo ... . 92
19.000_".. 92%
?Wlaconsln C 4s
; l.ooo. R9U
1.000. 69
94%
Lorillard Stockholders
Approve Stock Offerinsc
At the annual meeting of the P.
Lorillard Company held yesterday,
stockholders approved the plan to offer
60,622 shares of common stock author
ised but unlssued ln the company's
treasury. Of that amount 40.411
shares will be offered to shareholders
on a pro rata basis and the remalning
20,211 will be set aslde for the sale to
persons connected with the manage?
ment and operation of the company.
The stock will be sold at par and riehts
to stockholders will be about one sharo
of new stock for each six now held.
Directora of the company will hold a
meeting to-day to flx tho data and
terms of the offering.
All retiring diroctors were re-elected
with the ezcoption of B? P? Henry,
who resigaod.
Investment
Information
Qursttone of general mtereat te
4nve?Cora will be answer ed in thia
eolumn, in which case only initials
will be used. Qtbere will be an
awered by mail. Addrear all in
2wrie$. tncloaing _ etwnped, ad
reaecd envelope to Financial Editar,
The Tnbune, I6i A'ws.au Stre>it, Neat
York City.
Orders Exceed Capacity
Question?-Endicott-Johnson has been
recommended to me hy a friend as a safe
investment and promlr.ing speculative propo
Bition atlhe present market price. I am in?
formed lhat Ihe nhort Interest at the present
time has reached a iarge proportlrn and the
*i '' '~ benK absorbed hy the investment
class. h-oni a reliable eource I learn that
tho domestic demand'for ahoes in 1920 at
the present rate of production will be 30
nor cent in arrcars of a normal demand, not
taking into account that England, France
and Italy are placing large orders d'jupite
adverse ex<..mnge rates. Consequently I as
tumen nBt the earninKs cf this company, un
paraliellcd for orsranization and productivity,
?r _matrri?Hy increase the ensulng year.
Would you reeommend thia stock a* a safe
inve_lment??F. R. C.
Answer?Tho Endicott-Johnson Cor?
poration has shown large earning
power since tho conuolidation on March
81, 1919. The company has a profit
snaring plan with its employees, which
is largely responsible for its undia
turbed labor situation. The president
of the company recently stated that
860,000,000 of business would have to
bo refused this year, as the company's
capacity, 75.000 pairs of shoes daily, is
being maintained. Tho company's
profits for 1919 aro expected to show
close to $25 a share on the common
stock after preferred dividends. While
the common is more or less speculative,
it would appear that many people ar
buying the issue for income purposes
and in the expectation of increased
dividends. For the business man we
believe the stock offers good opportuni
ties for speculative investment.
WicJkwlre-Spencer Steel Preferred
Queetion?Will you plcuso gtvo me your
opinlcn of the first preferred 8 per cent
cumuiative etock of tho Wickwire-Spencer
Steel Company7 ls there a r?_eonable mar
Kin of safety and what haa the pa*r. record
of the two companies been??K. B. W.
Answer?The Wickwire-Spenccr Steel
Corporation flrst preferred stock, of
which thero is $7,500,000, is said to
havo earned its dividends 4.83 times
for the averago of the last three years,
on the basis of the earnings of the
merged companies. The stock apoears
to offer fair investment opportuni'ties.
Not Proper Classiflcation
Question?Do you consider Contlnentat
Candy paylr.fr 1 per cent, at the pre.-ent
price, a pood nnd snfo investment; al?o. the
Loft. Cnr.dy Company, paying no divider.d?
Also, the Chicago Pneumatic Tool Compauy,
paying 8 per cent??F. B.
Answer?We do not. consider either
Continental Candy or Loft's, Inc, stock
a good investment. Both are new com
panies, the lattef havins; been reorgan
ized recently and the capital greatly
increased. Earnings are not such in
either case as to warrant the stocka
being c.assified an investments. Chi?
cago Pneumatic Tool Company's earn?
ings in 1910 were not greativ in excess
of dividend.-:, the rate of which was
increased from G per cent to 8 per
cent. Earnings !o October 1 last
showed but 7.06 per cent on tho stock,
or at the annual rate of 9.41 per cent.
The stock is probably a fair speculative
investment.
Boston-Wyoming Oil Company
Question?Will you kindly jrive me some
information with regard to earnings of the :
Boston-Wyoming Oil Company? Does it
pay any dividend, nnd i3 it run by responsi?
ble people ??W. J.
Answer?The Boston-Wyoming Oil
Company is in a better position since
the passage of the oil land Icasing bill.
The company has some good acreage in
Wyoming. It is controlled by the Salt
Creek Producors. Xo dividends have
been paid, as the company's funds have
for some time past been tied up await
ing the. nassage of the land leasing bill.
The stock apparently has speculative
possibilities. Present quotations are
about $1.25 a share. Tho company is '
endeavoring to have stock exchanged
for tru_t receipts in order that the
management's plans may be carried out
without interference. It appears like
a good move to exchange tho stock.
United Retail Stores
Question? Would you kindly give me some ';
information aa to earnings and dividend '
paid on stock of the United Retail Stores?
Do you think the stock ar. present price a
good investment, and is it your opinion that .
the stock will advance later??R. A. 0, F.
Answer?The net profits of United
Retail Stores Corporation for the six
months ended January 81, 1920, were
$4,708,332. A dividend of $3 a share
was paid, leaving n surplus of $3,031,
285. The oarnings for this period were
good, ns, may be seen from the report.
It was not specified that the divider.d
was for any particular period. The
stock appears to have speculative po3
sibilities.
Puts and Calls
Question?Would you kindly give me any '
? Information you have concerning option trad
, ing? Do you have to buy securitie:. outright .
. to deal in puU and culls ? What are the1
I possibilities of reuIizniE on your contract??
i E. B. M.
Answer?In purchasing a call on ?
; stock you pay various sums for the :
, privilege, depending upon the stock. j
! The usual amount paid is $125 for 100
sharoa. If you buy a call on 100 shares !
i of United States Steel stock for thirty;
' days at 100 it means-that you have the ^
pri"ilegc of calling upon the person
[ who sells you the option at any time.
within thirty days on one days notice
| at tha prico mentioned. You probably
would not exercise tho option unless
you had a profit. If Steel were selling
at 103 you could sell 100 shares at that >
' price, call upon the seller of the privi-'
lege to deliver you the stock and your
profit would bo $300 less the prico of
i the call and commission and stamps.
Puts are the reverse. They give you .
' the privilege of dellvering stock within
a speciiied time. We cannot say what,
the possibilities are. Everything de
pends upon the course of the market
: and the action of the particular stocks '
in which you deal.
Valuation Not Yet Reported
Question?WH1 you kindly stato if tho :
Interstate Commerce Commission haa esti?
mated the actual value of the MUsouri Pa
I cific and the M., K. & T. raiiroade ? If 30,
please give tl e figures.?W. A. C.
Answer?There has been no valua
, tion reported ?3 yet by the Interstate
, Commerce Commission on Missouri Pa
; cific or M., K. &. T.
Yield May Be Too High
Question?In what way would you advise
; the investment of about $".000 whereby the ,
' principal could be considered re&oouably safe .
; ar.d at the same time the best income would
\ be derived therefrom??W. J. P.
Answer?Do not attempt to obtaln
| too high a yield on your investment.
: In doing bo you are likely to Jeopardize
your principal. It seems to us that
seasoned preferred stocks, yielding
. from- 6.30 per cent to 7 per cent, should
meet your requirerrtrnts. Some of the
: companies whose preferred issues fall
i within this class are Central Leather,
, National Lead, United States Steel,
Standard Oil of New Jersey and Vir
jrinia-Carolina Chemical.
Four full eolumn* of in?
vestment question* and an
aicera ore published in The
Tribune every Sunday.
Prices Easier on
Curb After an
Early Advance
Short Covering Sends Some
Stocks to New High Lev
els in Current Movement;
Oils Are Prominent
Stocka ln the outside market con?
tlnued to dlsplay strength and actlvity
yesterday. In the forenoon many of
tho more speculative issues sold at new
high record levels for the movement
aa the shorts covered more of their
commitments. There was alao some
profit taking for the account of traders
who bought yesterday, and in the after?
noon prices cased off from the highs.
Oil shares were prominent in the
trading. Standard of New Jersey
eoared to 780 at the opening, but ?et
tled back to 755 at the close, which
compared with a closing of 752 on Mon?
day. Houston Oil rose to 110 and
closed at that price. The Homer fleld
oi!s were also strong, but reacted in the
afternoon. Invincible sold up to 36.
According to an announcement made
by President Phillips, president of the
Phillips Petroleum, that company will
earn much more this year than it did
in 1919. The company opened up
twenty-two new propetties during 1919,
hn said, and now has sixty eeparate
producing properties. At the close of
1919 the company owned 439 producing
wells, 231 hr.ving been added during the
year. It, is planned to list the stock on
the exchange.
Submarine Boat continued on its rise,
touchlng 19, the highest price in
months, closing at 18 on dealings of
20,000 shares. Strength in the stock
followed developmenta at the annual
meeting of stockholders, at which a
partner of Morgan & Co. was named a
director. The annual report showed
$2.69 a share before Federal taxes.
Industrials
Sales. Open. High. Low. Last.
1400'Acme Coal... 1 Ta 2 1% j
100 *Aetna Explos. 8 8 8 8
1100 Am Safe Razor. 10% 11 10% 10%
900 Am Candy pf.. 0% 9% 9% 9%
1000 Armour Leath. 16% 16% 16 1?%
900 'Benford Au pf 1% 1% l'/? *'<?
200 ?Brit-Am Chem 8 8 8 8
000 ?Br-Am Tob cp. 18 18 17% 18
2000 *do rts. ?% 7 6% 7
100 do reg. 17% 17% 17% 17%
2000 *do reg rts.. 6% 6% fi% ? -<*
100'Car Lt & Pwr 2% 2% 2% 2%
5000 KCu-Am Sug wi 44 45 42 43
6500 *Gen Asphalt.. 93 94 91 92%
600 *do pf.140 145 140 145
3700 *Goldwyn Pict. 25% 26% 23 24
600 Grape-Ola. 1% 1% 1% *3b
500 do pf. MI 11* li? W
100 *Hydraullc Stl. 33 33 33 33
2000 Indian Packing 14% 14% 14 14%
2000 "Kay Co Gas.. 2 2 1% 1%
(00 Lima Loco_ 90 90 90 90
100'Locomobile n.. 19 19 19 19
500 Mitchell Mot.. . 10 10 8 8
2000 Mont Ward.... 34% 34% 33% 33%
2000 Marconi of Am 5% 5% 5% 6.%
0 'Orpheum Circ. 32% 32% 32 32
1000 No Am P&P.. 5% 5% 5% 6%
L00 Patchogue-Ply.. 40% 40-% 40% 40%
2500 Perfection Tire 4% 4% 4% 4%
1400'Press T & R.. 2% '-% 1% 2%
L500 *Radio Co wi.. 2% 2% -'% 2%
1400 *do pf. 2% 3 2% 3
2000 *Rainier Mot.. 38 38% 38 38%
3501 'Republic Rub. 5 5% *% *%
300 *Root & Vand. 46 40 45 45
600 'Stand O & E.. 17% 17% 17% 17%
200 *Stand Gas pf. 38% 38% 38% 88%
2000O Submarine Boat 18 19 1.7% IS
400 *Sweet3 Co Am. <r% 6% 6% 6%
500 *Temt C&F Pr (.2 42 42 42"
50 *Todd Shipyda.178 180 178 180
800 'Union Carbidc 73 74 70 70
:??'? ??' S II Sp T... 31% 32 31% 32
600 "Un Pict Prod. 12% 12% 12% 12%
4501 Unit Profit Sh. 2% 2% 2% 2%
8000 *Un Ret St Can 14% 14% 14 14'%
i< ." M.: S Distrib.. 52 52 52 62
950 U S Steamship. 3% 3% 3% 3%
400 U S Transport. 10% 10% 10% 10%
1700*Will .v Baum. 29 29% 28% 29
600 'William Daviea 41 41 40 40
801 ?Willya Corp.. 10% 20 19 20
1200 *do lat pf... 95 98 94% 90
200 'Warren Bros.. 55 55 51 54
Standard Oils
Sales Open. High. Low. Last.
200 *Ohio Oil Co.. ? 375 350 370
100'Praine O&G. ? 660 6L5 660
400 ?Std Oil Cal.. . ? ? 338 328 330
Std Oil N J.. ? 780 750 755
Other Oils
Sales. Open. High. Low. Last.
600'AllenOil. 1% 1% 1% L%
5000 'Allied Oil .... fV V* % i\
1. Amalg Royal.. 38 45 38 4h
6400 tAnna Bell Wyo 75 77 76 76
400*Ark Nat Gaa.. 31% 31% 30% 3J
8300 'Boone Oil_ 4% 4% 4% 4%
1800?Boaton-Mex... 2 2% 2 2%
10000 *tBoaton-Wyo.. 1% 1-rV 1% 1%
10.00'Brazoa Oil,... 15 18 15 18
1200'Carib Synd... 30 80% 29 30
, 11 *C itiea S BT Sh 40 40% 40 40%
500 ?Circle Oil. ... 3% 3% S% 3%
1500 ?Columbio T.m. 11 11 10% 10%
'.: ? 'Cosden & Co.. 8% 9 8% 8%
800'Cushing Pet.. 2% 2% 2% 2%
12000 'Dominion Oil. 15% 16% 14 14%
500 *Duqueane Oil. 6% 7 6'^ 7
3500 Engineers Pet.. 1% 1% 1% 1%
30 ??? ?Elk Baain Pet 10 10 9% 9%
2500'Esmeral O&G. % % % %
1 10'Federal Oil... 3% 3% 3% 8%
6000 *Gilliland Oil.. 44% 45 43% 4tf%
500 ?'do pf. 09 99 96% 97
1000 ?Glenrock OIL. 3% ?% 3% 3%
200 'GurTey-Gillesp. 32 32 31 ' tj.
600 'Cium Cove Oil. 2% 2% 2% 2%
4 00 H Pet of Den.. 3% 8% 3% 3%
800'Houston Oil... 110 110 107% 110
4200 'Hudson OU... % % H %
L00'Internat Pet.. 70% 70% 70% 70%
3800'Invincible Oil. 3R 30 35 85
1200 'Island O & T. 4% 6 4% 5
10 I LlvingBton Oil. 1% 1% 1% 1%
700 'Lone Star Gaa 88 87% 8p.' 87
400 'Maracaibo OU. 20% 20% 20% 20%
4300'Margay Oil... 5% 5% 4% 5'
800'Merritt Oil... 20 ?% 20 20%
900.Met Petroleum. 3 3% 8 S'%
70<r*Mexlco Oil... 1% 1% 1% 1%
300 'Midwest-Texas % % % %
3300 'Midwest Raf.. 160 1?? 150 167i
MONo AmOiR., 3% ?% 8* 8%
700U *Ohio Ranger.. % % % %
100'Psnhan Pet pf IS' 18 18 18
200 'Panhan P&R. 80 80 80 80
1500'Phillips Pet.. 39 40 33 40
70u'Prod & Ref... 8% 8% 8% 8%
500 'Red Roek Oil. I 1% 1 isZ
1200 "Ryan Pet. 3% 3% 3 8%
2000 fSalt Ck Prod. 50 61 49% 4a%
3000'Skelly OU'.... 11% U% 11% 11^
8000'Simma Pet... 30% 37 34% B4%
400 So States Coaa. 1% 1% 1 u i u
3300 Spencer Pet... 22% 22% 21% 22%
1.000'Stnnton Oil... % 1.. % il
140 '.Steiner Oil.... 5 7 5 tf
8900 'Superior Oil.. 20 20 18% 19
10000'Texaa Co wl.. 47 48% 47 47*1
1000'Tex-Ken Oil,, 3% 3% 3% 3%
600 Tex & Pao C&O.100 100 93 ??
300 Tex-Rang P&R. j.% 1% lat "j*/
10200-Texon O & L. j S x2 ^ *?*
2000'TrInity Oil... % 2 u fi
2000 "Troplcal Oil.. 21% 21% 20% 20%
4700 'Unit Tex Pet* 1 1% ? l?
800'Victoria Oil.. 1% l? l? l'tt
200'Vulcan Oil... 7% 7% 71* r2
800'Whelan Oil... 1 1 { * {*
7000'White Oil- 29% 30 28% 2S%
100'Woodburn Oil. 6% 6% 6% 6%
Mining
SaV*. Open. Hitrh. Low. Last
4500 Alaska-Br C M 1% 1% lA IA
li" 'America Min. 1 1 1 x
85.00'fAUanta .... 3% 3% 3>A 31^
700 'Arizona Sllv.. 1% 1% ju ja?
42. "-tBeleher D(ap) 13 13 12 13
3500 tBelcher E (ap) 14 14 13 14
23 0 Big Ledge ... ?& & rV A
3300 Bon Alaaka .. 74 76 74 75
2?. 'vBooth . 8 6 8 8
6000 tBost & Mont. 64 04 63 64
200 Burknett V CI O 1 L 1 1
2200 "fCaledonia ... 35 38 35 35
600 Cnada Copper . 1% H4 IX iu
25O0 'Candelaria Sil t* % H %
1150 ?Harson Hill G 23 23 23 -22%
2500 'tCashboy _ 8 8 8 8
150 'Cons Vir Silv 5 6 4% 4%
1400 'De Beer Con M 41% 41% 41 41%
11400 Divide Ext (ap) ir it % %
6000 ?Eureka Cr M. lT'j 1% l? 1%
8700 'tEureka Hoily % || i} %
800 E! Salvador Sil 2% 3 2% 3
1800 'Forty.nlna Min -% 1% 1% 1%
600'Gadsden Copper 1% 1% 1% 1%
2500 *fGold Zone D 29 30 29 30
1000'Golden Gate .. 1% 1% 1 l
2000 'tGoldfield Cons 13 14 13 13
12500 'tGoldneld Dov 7 8 7 8
20O 'tGreat Bend.. 3 3 3 3
! 1250 Hecla Mining.. 4% 4% 4f? 4%
, 300 'Hond Am Syn. 18 18% 18 13%
I 1500 Howa Sound... 4 4% 3% 4
1300 'Iron Blocsom.. % j, % J.
2500 '+Jim Butler.. 84 24 23 23
2000 fJumbo Extan.. '8 S 8 8
116700'tKnox Divide. 7 9 7 8
7500'tMacNam Min A A % %
New leeue
$1,000,000
Porto
Insular Possesslon of the United States
Public Improvement 4**% Gold Bonds
Dated January 1, 1919. Due serially January. 1931 to 1934. Princ.ra! and semi-annual
interest, January 1 and July 1, payable in United States Gold Coin, at the Treasury of
the United States or at the office of the Treas-jrcr of Porto Rico. Coupon bonds in the
denomination of $1,000 with the privileg-e of rcaristration as to both principal and in?
terest, transferable on the books of the United States Treasury Department.
Aa completefy exompt from taxation as the Liberty *\% or 3\% bonds.
By an Act of Congress these bonds are exempt from the Federal income Tax
and from taxation by any State, Territory or District of the United States, or
any Municipal or Political Sub-Diviaion thereof. Free aiso from tax in Porto Rico.
Legality approved by the Attorney General of the United States
Acceptable by the Treasury Department as security for pubiic deposlts acd
eliglble to secure Postal Savings Funds on a 100 % basis.
These bonds are issued in accordance with authority granted by an Act of Con?
gress of the United States and authorized by the Legislative Assembly of Porto
Rico. The population of Porto Rico, 1910 census, was 1,118,012. To insure the
payment of these bonds a special tax provided by law is levied which will create
a sufficient sinking fund for the payment of the entire principal amount when due.
Price to Yield 4.70 Per Cent
We recommend these bonds for Investment
Complete circular on request
Harris. Forbes & Company
P.ne Street, Corner WJliam, New York
Harris, Porbee ft Company Harris Trust and S-vinrs Bank
Bo,toa Chicago
?Uniiated. fSel'.s cent* per share.
Stock Ex Dividend
Mir 1 f.?Advancc Rum!?y pf..,..$1'4
Mar 10?Ajax Rubber. 1 "?
Mirl5?American Bank Note pf. \
Mar 13?American Beet Sugar pf. 1%
Mar 16?American Bosch Magneto. ... 2 V4
Mar 1 7?American Can pf. 1 \
Mar 15?American Car &. Foundry.... S
Mar 15? d o p f. 1 %
Mar 18?Amer Hido & T.esther pf..., 3 -\
I Mar 18?'Amer Intornatlona!. 1'-i
I Mar 16?American Llnseed pf..... 1%
Mar 13?American Locomotive. l'j
Mar 12? do pf. 1\
j M.ir 12?Amer ISmelt ,fc See pf A etpd. l>/5
I Mar 12? do pf B. ;.'-,.
Mar 12?Anvrican Snuff. 8
1 Mar 12? do pf. 3 U
1 Mir IB?Amer Steel Fdy? Temp pf.... 1 ?1;
Mar 19?Amer Tel & Tel. 3
Mar 18?American Woolen. i%
|Marl?? do pf. 1 \
I Mar 10?Atlantio Otilf & W I S 3 pf.., %\
i Ma r 1 6?Barrett Company. 2
Mar 22? do pf. 1%
Mar 16?Bethlehem Steel. 3 V.
, Mar 16? d>> Class B. 1'4
Mar 16? do 7 per cent pf. X%_
i Mar 18? dr, 8 p?r cent pf. J
j Mar 18?Bootb Flsherlta lst pf. 1%
I Mar 15?Case, J I Thresh Mach pf_ 3 ?%
Mar 10?Central Leather of. l\
! Mar 12?Chlno Copper., ^
: Mar 15?Columbia Graph Mfg Temp pf 1%
Mar 20?Commerce, Nat Banlt. _>3
Mar 15?C G E E i P Co o( Ba'.t. 2
Mar 15?Cona Int-Callahan Min. _
Mar 19?Continental Can. ...,.,......, 1*4
Mar 13? do pf. 1\
Ma.? 16?Crucible Btoel pf. 1 ?4
Mar 16?Cuba Cape Sugar pf. X%
Mar 15?Cuban-American Sugar. 2',
Mar 3 5? do pf. 1\
Mar 20?Durhara IT M T Cl B, % and Y* ex
Mar 15?Electrlo Storage Battery. 3H
Mar 16?Endlcott Johnson. li4
Mar 16? do pf. l?4
Mar 16?Fisk Rubber. *4
Mar 20?General Electrle. 2
Mar 16?Gulf St Steel st tr ctfa lat pf. 1 Vi
Mar 15?Haakell & Barker Car. 1
r Mar is?Helme. Q W. _v_
Mar 13? do pf. lii
I Mai 16?International Salt. 1 4
Mar It?Kelly-Springfield Tl.-e 8 p o pf 1 V4
Mar 14? Keystone 'fire & Rubber. :;0c
Mar ll?Kresge, S 3 pf. 1%
Mar 20?Kress, S H pf.... 1%
Ma.r 10?Lackawanna Steel. UJ
? Mar 13?Lehigh Val RR. Si
Mar 15? Liggett & Myera Tob pf...... 1%
Mar 15?Lorillard. P. H
Mar 15? do pf. 1*4
X?r 16?Manatl Sugar Co pf. 1 \
Mjj" i*?Manhattan Electrle- Supply.., l
M*/ii? do let pf.1. 1%
Mar ia?Manila Eleo R R A. Light_ 1>4
Marl5?May Dept Stores pf. 1%
Mar 13?Mexican Petroleum. 2 Va
Mar 13? do pf. 3
Mar 20?Mlddle Statee OU temp. 30o
Mar 20?M 8t P A 8 8 M leased linea. _
Mir li-r-Jtentana Power. \
Mar 13-?- t^o ptf. 1%,
! Mar 15- J" An A Cham temp v t ctfa pf 1%
i Mar 11?lr**t Enam & Stamp pf. 1 %
| Mar 13?National Lead. 3. ?
; Mar 19?National Surety. 8
;M.irl2?Nevada Con Copper..... '<,
: Mar 3 3?N V, Lack A Weatern Ry.... l'i
i Mar 18?North Ajnerican Co. IV*
! Mar 19?Northern Pacific Ry. 1%
j Mar 3 5?Ohio Cities Oas pf. 3 >l
Mar 20?Otla Hteel pf. lfc
; Mar 13?Pan-Am Petrol A Trans . : >.,
Mar 13? do temp common B........ i?
! Mar 20?Penney J C Co temp pf. 3 *\
Mar 20?Pettlbone-Mulllken lat pf... 1%
Mar 16?Pierce-Arrow Motor Car pf.. 2
Mar 20?pierce OU H per cent pf. 2
M_r 17?Railway Stoel Spring. a
: Mar 12?Ray Con Copper. 14
j Mar 10?Rem Typ temp v t cfa lat pf.. 3. a4
j Mar 10? do Serlea S. i-_ ,
1 Mar 10?Remlngton Typewrlter temp
v t ctfa 3d pf. 2
! Mar 15?Republlc Iron A Bteel pf. 1*4 1
I Mar : 6?flears-Ronbuck A Co pf. jm
| Mar 10?-South Porto Rico Sugar. 6
1 Mar 10? do pf. 8
Mar 15?Bo Ry Co, Mo A O St tr ctfa. 3
j Mar 16?Stromberg Carburetor. 1
Mar 3*?Tejtaa Company. 314
! Mar 13?Cnlon Pacific R R. 2V> ?
| Mar 13? do pf. 2
Mar l??United Cigar Btoree com atk. .10
! Mar 15*?United Dyewood. 114
Mar 15?? do pf. jt
! Mar 20?United Frult. 8
i Mar 12?Utah Copper. ii: i
Mar IS?Weyman-Burton . su
I Mar IT?White Motor. 1
Mar 10?Woolworth pf. j?z
New Trcaaurv Certificates
WASHINGTON, March 9.?Secretary
Houston to-night annoonced & new of?
fering of Treasury 4% per cent cer?
tificates of lndebtedness, bearing date
of March 15 and maturing ln one year.
Purchase of Treasury certinca-tes on
the inBtallraent plan is made possible
, by ruling AnnouncerJ by Secretary
1 Houston.
The Replacement Value
of Your Buildings
OWNERS OF BUILDINGS are not fully
protected against loss by fire unless the amount of
insurance carried has been acijusted to meet the
increased cost of replacement under present
conditions.
Through our Appraisal Department authoritative
valuations of buildings are furnished for fire in?
surance purposes.
We shall be glad to send a representative for con?
ference with interested owners.
FOUR CONVENIENTLY
LOCATED OFFICES
55 Cedar Street
Broadway at 73rd St.
Madison Ave. at 75th St.
125th St. at Eighth Ave.
UNITED STATLS
MORTGAGE &TRIIST COMPANY
Capital and Surplus $6,000,000
NEW YORK
vAr.J2LiA\t\ rtTurnr.rr' .Jr>r-?-*r~T i r. rv^ ~ t\-' r~.r, >^
The Bubble of Specuhibn
Or the Secarity of Investment?
There is no lure of unccrtairtty in our 5'/_<3J, Guaranteed
Firit Mortgages. But there is <he assvrance of knowinf
that your principal it absoluieiy safe and the income will be
on time, and the contentment of a permanectt and stable
return.
We offc-r a new Serfes of bVi^> Guaraniesd First
Morigage CertiScates secured by a $270,000 firat mortgafe
on the Cowpertrnvni? property, 6th Ave. at 46tb Street,
which sold at auction in December for $503,000.
Participation certificates issued in * mounts from $100 op. ?
Send for Speciai Booklet 3-E.
Ee5fYor]_Jifk_.-1ortga^e Go.
135 Broadway. 375 Fuhon Sl_, 203 Montague St,
New York Gty Jamaica. N. Y. Brooldyn. N. Y.
Amofrcatn Truat Co., Depoaitary,
Broadway and Cadar Street, Nerw York City
- '?-Sjih.'j.
Attractive Investments
Canadian
Government, Municipal and Corporation
Securities
Yielding from 6V2% to 8%
The high ylelds now available are due to the present temporary
exchange conditions, which are daily improving. In order to
particip;ue in the present oppommities, we suggest that earlv
decisions are adviaable.
Canada ia in an exceptionally strong
f undamentai eondition
Copy of List D-26 phuily sent on request
A. E. AEVIES & CO.
Investment
Securities
_*
74 Broadway. New York
TTarrbt TVR?t RMr.. Oilraam
I"nij*i> ttaak Bldr . Tornnto
T----.-TXHtn.Hnn Bldr.. Mon.tr*al
Belatont Hoose, Yietoria.
&-?t-_r__________S__*,23
Established
1SS9
U

New-York tribune. [volume], March 10, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], March 10, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924