New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 13, 1920, Image 14

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

{
                  title: 'New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 13, 1920, Page 14, Image 14',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83030214/1920-03-13/ed-1/seq-14.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-13/ed-1/seq-14.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-13/ed-1/seq-14/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-13/ed-1/seq-14/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

New-York tribune. [volume], March 13, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

Image: of 18.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.6 MB)

New-York tribune. [volume] (New York [N.Y.]), 13 March 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-03-13/ed-1/seq-14/>

Newspaper Page Text

Ei
Plion?, Rae ter 6000
Joscphlhal & Co.
120 Broadway, New York
Members
Neat York Stock Exchanf* 1
Foreign
Securities
Privat? Wires to
Principal Cities
American Piano
J.K.Rice,Jr.&Co.
Phone? 4000 to 4010 John. 36 Wall St., N. Y.
Large Buyers
CT *>'
Again Active
In Bond Market
Saving* Bank- and Life In?
surance Companies Pur?
chasing Investment Secur?
ities After Long Period
The earinga bank"* and life insur?
ance companies, normally the largest
1'uyers of bonds, after having been out
of the investment, market for several
years, during which they were paying
off their subscriptions on Liberty bonds |
and Victory notes, were once more ac?
tively in the market, again yesterday.
In the tremendous open market in
Liberty bonds in recent weeks, the in?
stitutions have been the principal buy
era and individual;? and corporations
'lie main seilen?. The selling pressure
brought these- prime government obli
cations down to a level at which they
yielded more than ft1* per cent, and th"
-lump in market values would have
been much more drastic if it had not
been for the institutional buying.
Buying Victories
Although the bulk of the funds that
'he insurance companies and savings
banks have poured into the investment
market recently has gone into Victory ;
notes and Liberty bonds, the institu?
ions have also been buying other so
? unties, though to a lesser degree. The
econd most favored type of bonds has
??eon the underlying railroad bond, and,
since the passage of the Esch-Cumrains
bill, there has been increased buying
along this direction. The institutions,
".hich had purchased large quantities
of such investments ot much higher,
prices, have been taking advantage of
late of tlie unprecedentedly low quota?
tions in order to lower the average cost
of their holdings'-. Then, too, accord?
ing to bond dealers, both the savings
tianks and the insurance .companies
aave been in tho market, somewhat for
municipal bonds, particularly those put
out by New York City, And the in
airnnce companies have purchased some
? anadian provisional securities within
the last few days, it was learned yes?
terday.
Although the institutions during the
recent weeks of liquidation in the bond :
market rume out as leading factors on
the buying aide, they have not yet
thrown anything like their full Unan- ?
? al energy into that market, in- !
t stment bankers paid yesterday. The
: nsurance companies, pan Icularly, which
are less hedged in by legislative re~
i'.iirements than the savings banks,
have be<"n fairly active since finishing l
their payments on government loan
subscriptions in mortgage loan on city
real estate and in farm mortgage loans.
Canny Bayers
An officer of one of the principal in?
vestment houses, in commenting on the
i ?cent activities of the institutions,
??marked that over a long period the
insurance companies, and to some e*?
'?nt the savings banks, were exceed
ingly shrewd bond traders, and had a
habit of selling up near the top and
of buying down toward tho bottom.
Under present tax laws, wealthy in- '
dividuals have confined their bond pur- I
chases, according to bankers, chiefly to j
tax exempt securities and to highly
speculative securities. Individuals of
varying degrees of wealth have recently I
been active buyers of foreign govern?
ment internal bonds. At the office of
the Deutsche Hank it was said yester
?lay that the estimate that Americans
?ere trading in $ 1,000,000 of German
bunds a day was not extravagant. More
"ver, the sale of the new French in
? mal loan is expected to reach 100,000,
'0(r francs, and has already exceeded
? ??"?.000,000 francs, according to a state?
ment mado at the French Financial
Commission's office.
Western Electric to Issue
Cumulative Preferred Stock
At a special meeting the West?
ern Electric Company stockholders
authorised an Issue of $50,000,000 of 7
per cent cumulative preferred stock.
No provision was made for the is?
suance of any of th? stock.
Britain Outbid U. S. for Gold
LONDON, March ISlr-With refer?
ence to the gold engaged for shipment
to New York this week, "The London
Times" financial editor says It was
made np of Booth African gold, which
?va* secured In the open market, in
which Am?rica waa an active buyer.
Dividends
Extra
Seewer jH_-aafa?tor_-? -Cag-tne Cerape-ny
Aa extra dividend o? 1 par cent has
been declarad la addition to the ra.rt.lar
iiiajteriy dividend of 1 per cent, both
?<aj*wt April 1 to stockholder? of record
Mar?b II?
Bes-alar DeelaiaUoaa
Stoek
Perlod holders of
Rate Payable Record
Am Oaa * Wee >tt Q Apr 1 -Jar l]
do p.. -* Q May 1 Apr 17
At So of can.. 1% Q Apr 1 Marl?
do pf. 1% Aco Apr 1 Mar)?
Aver? Co pf... 1% Q Apr 1 Mar 22
< ?DShoepf. 1<H Q Apr 1 Marl5
''?sr-Td Pr let pf Hi Q Apr 1 Marl?
do id pf. 1% Q Apr-1 Mar 19
ft Coeal Ftehar 1 Q Apr 1 Mar 27
do Product pf. 1% Q Apr 1 Mar 27
do pf. l\ Q Apr 1 Mar 37
?.real State? Fet 2 M Apr 1 Mar 20
inter-Coaat 8 S. 2 Q Apr 1 May ?o
K'r Pbil Cot Mil - q Apr 1 Mar 2.
laotaard Mot Car 2 Q Apr JO Apr 16
do pf. 1%. Q Maris Mar 1
for? Pr * Rl pi I Q Apr 1 Mar 20
. ,wn t Cot Mil 2 Q Apr 1 Mar 2
?jo p(. 154 O Mar 31 Mar 2
Tr-Wit SCI Forcll.?5 Q Apr 15 Apr 1
I*. 6 Bob _. Shut. ?I..".0 Cf MarSl Mar 10
do pf.il-7* Q Mar 21 ?MarlO
V Vi**?udou Inc . "*? C. Apr 1 Mar 16
?Hmin x- rv,.$|..s q May i Apr 21
do pr. 1% ?,? Apr 1 Mar 23
Tightening Money
Checks Advance
In Stock Market
Orderly Reaction Comes
When Call Loan Rate
Rises to 15 Per Cent;
Wheat Outlook Not Good
Although tightening money halted
the advance in stock prices, which was
started by the Supreme Court's de?
cision in the stock dividend tax case
last Monday, the market resisted sell?
ing: pressure in a manner which gave
much satisfaction to those who are
working for higher prices. There was
a reaction amounting to several points
in a number of the active industrials,
but the decline was remarkably orderly,
and failed to cause any change in the
optimistic sentiment which has pre?
vailed of late. This was perhaps due to
the fact that a reaction had been gener?
ally looked for, not only because of the
fact that the rise had been rather
rapid, but also because of the common
expectation of a temporary money
squeeze incident to tax payments. The
money market acted very well, all
things considered. The shifting of
funds in the next few days will be on
an enormous scale, and experience has
shown that such shifting invariably
causes widespread calling of loans. It
is estimated that over half a billion
dollars will be required to meet tax
payments in this district up to Mon?
day. Fortunately, the strain will be (
eased somewhat by the payment of the
Treasury certificates which mature on
that day.
Money yesterday opened and renewed
at 7 per cent, which is as low as the ?
renewal rate has been for several !
weeks. In the afternoon, however, the !
rate began to climb and right at the j
close jumped to 15 per cent. This |
precipitated considerable selling, but j
it was well absorbed.
It was reported yesterday that more J
time money was being offered, but ;
brokers said that the amounts avail- ?
able were not large enough to ma- !
terially alter the situation.
Foreign exchange rates slumped '
rather .sharply early in the day, but
later recovered a substantial part of
the losses.
The motor shares were the features
of the early trading, Interest in this j
group was stimulated by the favorable
report of Studebaker and the state- j
ment of the president of the company
that the outlook for the current year
was excellent. These shares faile? to
hold their gains, however, and reacted |
with the rest of the market in the |
afternoon. Traction shares were an !
exception to the general trend, show
ing considerable strength in the after- i
noon. )
Traders were reminded of the com- j
ing crop season as a market factor by I
the report of "The Modern Miller" to I
the effect that weather in the winter ?
wheat country had been highly un?
favorable, that the Hessian fly was re?
ported in many places throughout the
belt and that as a result there would
be heavy abandonment of acreage in
Kansas, with the outlook in Missouri
poor.
Money and Credit
Call money, after opening at 7 per
cent, advanced yesterday before the
close of the stock market session lo
15 per cent, the highest rate since Feb?
ruary 25. The extent of the rise
caused considerable surprise in bro?
kerage circles, but bankers have been
stating that they expected fight money
around the 15th, due to the heavy in?
come tax payments. The apparent
ease during the last week, they stated.
was due to deposits that will be drawn
down heavily on Monday.
The ruling rate for money yester?
day, compared with a year ago, follows:
Yester- Year
Call money: day ago
On mixed collateral... 7 49?
On industrial collateral 7 514
Time money (mixed collateral):
Sixty days.8V?rt5.'9 5%@5%
Ninety days.8#@9 6%@5%
Four months.8^(&9 6%@5%
Four to six months..8%@9 5%@5*J4
Bank Clearings?Bank clearings in
New York and other cities yesterday
we re :
Exchanges. Balances.
New York.$839,340,542 $82,031,856
Baltimore - 18,597,593 7,043,335
Boston . 62,279,935 19,207,830
Philadelphia.. 79,601,431 16,224,058
Sub-Treasury- -United States Federal
Reserve credit, balance, $68,187,622
Silver London, 70d; New York,
$1.17; Mexican dollars, 91c
The Dollar in Foreign Exchange
Sterling exchange continued to react
yesterday after its sharp rise for a
week. Francs and lire similarly weak?
ened. Bankers said the reaction was
natural and was due in part to spec?
ulative operations.- Moreover, it was
explained that many husiness men who
are long of bills bold them to got a
favorable price and that on a rising
market the point is soon reached when
it becomes attractive for holders of
bills to offer them for sale and thus to
chock the upward movement.
Yesterday's rates, compared with
those of a week ago, follow 1
(Quoted dollars to the pound.")
Yester- Week
day. ago.
Sterling, demand . 8.6925 8.6525
Sterling, cables . 3.70 3.66
Sterling, sixty days... 8.6575 3.6175
Sterling, ninety days.. 8.6425 3.6025
(Quoted units to the dollar.)
Francs, checks . 18.42 18.70
Francs, cables . 18.40 18.68
Belgium, francs, checks 12.85 18.14
Belgium, francs, cables 12.83 13.12
Lire, checks . 18.12 17.92
Lire, cables . 18.10 17.90
Swiss francs, checks.. 6.94 B.82
Swiss francs, cables.. 5.92 6.80
(Quoted cents to the unit.)
Guilders, checks _86.00 87.25
Guilders, cables ...... 86.125 37.375
Austrian crowns, checks .4*1 .39
Austrian crowns, cables. .45 .40
Sweden, checks . 19.95 19.80
Sweden, cables _;. 20.05 19.70
Denmark, checks ...... 16.85 15.90
Denmark, cables . 16.96 16.00
Norway, checks . 17.11 17.65
Norway, cables .17.20 17.75
Pesetas, cheeks . 17.62 17.92
Pesetas, cables . 17.70 18.00
Greece, checks .11.00 11.16
Greece, cables .11.10 11.24
Manila, checks .48.78 48.75
Manila, cables ....... 49.00 49.00
India, rupees, cheeks. 45.50 45.50
India, rupees, cables.. 45.76 45.75
Japan, yen, checks-46.26 46.60
Japan, yen, cables _46.50 46.75
Argentina, checks ...101.85 102.00
Argentina, cables _101.35 101.50
Brazil, Rio, checks.... ?7.76 27.75
Brasil, Rio, cables.... ?28.00 28.00
Marks, checks . 1.35 1.03
Marks, cables . 1.86 1.04
Csecho-Slovakia, checks 1.25 1.04
? ?-'
Shipping Committee Formed
The executive committee of the bank?
ers* committee on ship securities cre?
ated by President Wilson to help ad?
vise on financial problems in getting
the government-owned merchant' ma?
rine into private hands has bean com?
pleted by the appointment of P. W.
Allen, of Lee, Iiigginson & Co, and
Charles E. Mitchell, president of the
National City Company. The other
members are John Mcliugh, vl-ee-presi
dent of the Mechanics and Metals Na?
tional Bank; Allen B. Forbes, of Har?
ris, Forbes & Co., and George W
Hodges, president of the Investment
Bankers' Association.
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
(Copyright, U_0, New York Tribune, Ine.)
?ay
Before.
166,700
1,273,200
1,439,900
Yesterday.
Ratlread stecke ... 179,600
Other stork?. 902,300
All slocks . 1,081,900
Yesterday. Day befare,
t?. S. government bends. $7,628,000 $7,446,000
Railroad bend? . 1.046,000 1,074,000
Other bonds . 4,922,000 3,124,000
All bond? . 13,596,000 11,644,000
Year January 1 I? date.
ate. 1920. 191?. 1918.
216,100 6,909,800 9,284,100 7,499,900
782,700 43,869,100 26,142,300 25,791,200
998,800 50,778,900 38,426,400 33,291,100
Year ara.
$6,179,000
1.164.000
2,516,000
9.859,000
1920.
$659,901,000
71,681,000
86,944,000
818.526,000
1919.
$479,963,000
69,821.000
80,514,000
630,298,000
Record of Stock and Bond Averages
(Copyright, 1920, New York Tribune, Inc.)
Ranee than Range fell
Day Year far 1920. year 191?.
Yesterday. Before. Age. High. Lew. High.
20 Railroad stork? . 67.76 68.45 72.15 68.45 58.60 78.80
30 IndtMtrial ?lock*. . 97.13 98.50 89.57 110.30 88.70 119.33
60 Hto-ks . 86.38 86.48 82.60 92.66 77.14 99.54
10 Railroad bonds . 73.90 73.99 80.48 78.28 71.78 82.80
10 Induetflal bonds . 89.13 89.20 94.78 91.45 89.13 95.70
5 Utility bond- . 73.83 73.76 85.87 74.63 73.48 87.75
36 Bond?. 79.99 80.01 87.28 81.71 79.48 87.91
I.ew.
63.35
79.20
76.92
72.83
90.86
71.80
80.21
High. Low. Div. Net
1*120. 1920. Rate. Sale?. Open. High. Low. Close, rhsre. Bid. Ask.
36 25 ? Adam? Exprese .... 300 32% 32'/* 32"/, 32%? % 32 33
45% 341/4? Adrance Rumely ... 800 40'/, 40% 40'/? 40% + 1% "? 40?s
88% 65% 8 Aja* Rubber . 200 74% 74% 74% 74%- % 73 73
2 1i/--~ Alaska Gold Mine?.. 300 2 2 1% 1%- 1*s *
2% 1?^_ Alaska .Tunean. 200 2'/, 2"/, 2'/, 2%- % 2''s ?A
We 36% ? AllU-Cbalmer? . 1400 43% 43% 42 42 - Vs. 41% 42
92 80% 7 Allls-Cbalmers pr .. 100 83 83 83 83 ? % 82'/2 85
95 82 8 Amer Agr Chem.... 400 90% 90% 90 90?1 88 90
96' i 89 6 Amer Agr Chem pr. 200 92 92 92 92 + Vz 91% 96
95% 75 8 American Beet Sogar 500 84 84 83% 83%? 1% "2% 83%
128% 105 10 American Beech Mag 2800 117 119% 116% 118% + We 11 ?'/a 117'/_
?02 89 7 Am Bke Shoe A Fdry 1100 100?/a 102 100'/2 102 +8 90 105
227 1701/4 12 Am B Shoe A Fdy pr 1000 224'/2 227 224'/2 225 +20 220 230
61% 38%? American Can . 12800 46 46% 44</2 44%? 1% 44</2 447s
143% 124% 12 Am Car & Foundry.. 1600 139'/4 140'/4 138 138 ? 2% 137% 139
16% 11% .80 Am Drag Syndicate. 200 12% 12% 12% 12%? Va We 12??
118 95 6 American Express... 1400 118 118 107% 107%-?- 7% 108 11?
30% 18% ? Am Hide A Leather. 2000 23 23'/, 22% 22%? % 22'/4 22%
122 90'/2 7 Am Bide & L pr.... 2600*105 IO51/4 102% 103 ? 1% 103 104
47 38 4 Amer Ice Securities.. 200 45'/2 45'/2 45'/2 45'/-? Vs 45 45'/2
120% 87 6 Amer Int Corp. 5800 99 99% 97'/, 971/2?1'/? 97% 97%
14% 1234 1 American La France 1000 13V? 13'/4 13 13% + Va 13% 13%
06% 74% 3 American Linseed.... 7100 82% 85 82 82%- 82 83
99% 92i/2 7 Amer Linseed pr_ 300 95 95 95 95 -f- 2 94 96
105% 82 6 American Locomotlre 7900 *99 99'/a 97% 97%? 1 97"/2 98
30% 16%? Amer Ship & Com... 4600 27% 27'/2 25% 26 ? 1'/4 25% 26
72 56 4 Amer Smelting _ 4400 66% 66'/2 65'/a 65'/2? 1% 65'/* 65%
82 80 6 Amer Smelt pr A... 200 ?80% 80% 80'/a 80?/_,-(- 1 80% 82
46% 39 3 Amer Steel Fdy. 1000 45% 46 45 45 ? '/a 44% 45%
118% 114% 7 Amer Sugar pr. 200 114'/2 114'/- 114?/- 114'/-? 1'/a 114 116
99 77 10 Amer Sumatra Tob.. 1300 91% 92 90 90 ? '/4 90 91%
100% 96'/? 8 Amer Tel & Tel.... 4900 99% 100 99 ' 99 - 98% 99' ?>
283 225 20 Amur Tobacco . 200 264% 264'/8 260 260 ? 4% 260 265
74% 54% 5 Amer Tob Sec. 30600 65% 67 64% 64% -f- 1/4 64% 65/4
165% 112'/2 7 Amer Woolen . 14800 126'/a 129 124'/2 125'/4? 1% 125 125%
61% 38% ? Amer Writ Paper pr 400 46% 46% 46 46 ? '/? 45% 48%
21% 15% ? Amer Zinc . 1600 19% 19'/4 ?8'/2 18%? 1% 18'/2 19
65% 54 4 Anaconda . 6600 59% 60% 59' 8 59%? % 59 59%
17 7 ? Ann Arbor . 200 15 15 15 15 ? B8" 14 16
27% 23 ? Ann Arbor pr. 1C0 25 25 26 25 ? Vs, 24'/8 29
6% 31.4?- Assets Real Co. 3100 4 5' 4 4 4%-)- 138 4/4 43.4
671/4 45% 4 Assoe Dry Goods ... 400 50 50 50 50 + 1 47% 49'/r
86'/2 76 6 At, Top ft San Fe 2800 85% 85% 84% 84'/2? % 84 85
82 76 5 At. Top ft San Fe pr 200 79 79% 78% 79%-. % 79'/4 79%
9 6",4 ? Atl, Blrm A Atl_ 400 8% 8% 8% 8%-- ?/4 8% 8%
93 84 7 Atl Coast Line. 700 89', _ 89% 89% 89%? % 89 50
176% 137 10 Atl, Gulf & W I_ 1200 158% 158% 156 156 ? 3 155 157
123% 103'/a 3!/2 Baldwin Loco Co.... 46100 12114 1221/4 117% 118'/8? 2% 118 118'/?
38% 28'/i ? Balti & Ohio. 1600 37% 37% 36'/a 36%? Va 36% 36'.
49% 42 4 Bolt! & Ohio pr. 200 49 49'/4 48?/a 48i/a- 48'/4 48?.
134% 114 8 Barrett Company .. 400 125 125% 124% 124%? % 124 1243.
31% 17!/a ? Bethlehem Motors .. 26100 25*4 27 25 25% + '/4 25 25'/,
95% 77% 5 Bethlehem Steel .... 100 87% 87% 87% 87%? '/, 85 88
102i/2 81'/2 5 Beth Steel, Class B. 12800 92% 93% 90% 91 ? 1% 91 91'/
95!'- 91 8 Brooklyn Edison ... 25 97 97 97 97 - 95 97
18% 10%? Bklyn Rapid Tran.. 8600 14% 16% 14'/a 16 + 1% 16'/8 16'/
12% 7% --- Bklyn Rap Tran ctfs 3000 10% 12% 10'/, 12% + 1% 11% 11Ji
56% 49!/2 ? Brooklyn Union Gas. 200 64'/2 57 54!/2 57 f 4 55 58
15 10 ? Booth Fisheries Co.. 500 11% 11% 11% 11%+ V*. 11% 117'.
120 93 10 Born? Bros . 200 107% 107% 107% 107'/a- 107 108
11% 7% l/2 Butte Cop & Zinc... 300 9% 9% 9% 9%- 9% 9?'
29% 22 ? Butte & Sup Copper. 1800 27 27 26% 26%? % 26% 27
27'/4 16 ? Butterick Co . :. 100 19. 19 19 19 - 18% 19->
283J, 17 ? Caddo Oil . 800 223,4 23% 22% 22%? % 22'/8 223,
85'/2 76 6 Calif Packing . 100 78% 78% 78'/2 78%? 1 783* 79'/
46 27% ? Calif Petroleum _ 2800 37% 37% 36% 36%? H 36% 36?
75% 66 7 Calif Petroleum pr. . 400 72 72 72 72 - 71 71'/
134 115% 10 Canadian Pacific. 1400 124 126% 124 124 ? 2% 123'/4 124'/
10434 72 5 Central Leather. 12100 88 88% 85% 85%? 2% 85 85'/
108% 103 7 Cent Leather pr. 1000 103% 103% 103 103 ? Vz 1?2% 103
61% 45% 4 Cerro de Pasco. 700 51 51% 4938 49%? 1% 49% 50'/
149% 117% 10 Chandler Motots. 21900 147 149% 145% 147%+ 3% 146% 147'/
59% 47 4 Chesapeake* Ohio.. 1400 58% 58% 57% 57%? % 57% 68'/
9% 4% ? Chic & East Til pr. . 100 83B 83,B 8% 8%+ % 8 8'
10% 7 ? Chic Gt Western_ 400 9% 9% 9% 9%- 9% 9}
27% 21 2 Chic Gt West pr_ 200 26% 26% 26 26 ? % 25% 26
42% 30% ? Chic, Mil & St Paul. 3600 41 41 40 40 ? Vz 40 *W'
61% 45%? Chic MAStPpr.. 700 60% 60% 59 59 ? % 583/4 59
91% 75 7 Chic & Northwn_ 1000 90% 90% 89% 89%? % 89% 90
120% 113 8 Chic A Nwn pr. 100 117 117 117 117 - 117 120
108% 78 6 Chic Pneum Tool_ 200 94 94 94 94 + 6 90 95
41%, 23%? Chic. R I A Pac... 28100 38% 39 373? 37%? % 37% 38
78 64% 7 Ch, K I A P 7% pr. . 800 77% 77% 76% 76%? 1% 76 76'
66% 54 6 Ch, R I A P 6% pr.. 400 65% 66 65% 65%+ % 65 65?,
66 58% 5 Chi, St Paul, MAO. 200 66 66 66 66 - 65 72
54% 42 ? 'C, C C ft St Louis.. 400 52% 52% 51% 52 ? 2% 50 52
68 63 5 C. C A St L pr. 200 67% 67% 673B 67%+ 4% 63 67'
21% 15%? Chile Copper . 1600 18% 18% 17% 1734? % 17% 18
41% 31% 1% Chino Con Cop. 500 34% 34% 34% ?34%? % 34% 34!
106 87 8 Cluett-Peabody . 200 94 94 94 94+4 90 98
104 101 7 Cluett Peabody pr .. 100 102% 102% 102% 102% + 1% 101 103
4034 33% 1 Coca Cola . 1600 36% 363? 36 36% + % 3638 36'
44% 36% 3 Col Fuel A Iron_ 400 40% 40% 40 40?1 39% 40
66% 36% 1 Columbia- Graph ... 22600 48 50% 47% 43%-f 1% 48% 49
92% 87% 7 Columbia Graph "pr. 200 89 89 89 89 - 88! z 90
51 47% 4 Col A South 1st pr. . 300 51 31 51 51 - 50% 53
67 53 5 Col Go? A Elec_ 300 60 60 59 59 - 58% 59
64 55% ? Consol Cigar? . 400 ' 62% 64 62% 64+2 63% 64'
82%' 76% 7 Consol Cigars pr . 600 80 80 80 80 4 3 79% 80
87% 76 7 Consol Gas . 3700 85 86% 84% 86 +2% 86 86'
20% 163,4 2 Con Int Callahan M. 2000 19% 19% 18% 19 ? % 19 19'
933^*78 7 Continental Can - 1400 85 86 85 86+1 84 86
13% 10% 1 Continental Candy .. 200 11 11 11 11 - 10% 10
93?? 76% 4 Corn Products . 20900 91 92% 90*4 91%? % 91% 91
31% 25 ? Con Textile . 200 28 28 28 28 - 28 28
240 189 12 Cruriblo Steel . 12900 231 231 222% 225 ? 3'Vz 224 226
10O 96% 7 Crucible Steel pr. . . 200 98% 98% 98% 98%? % 98 99
64'2 39%? Cuba Cane Sugar... 3100 45% 45% 45 45 ? % 44 45
85% 79% 7 Cuba Cane Sugar pr 200 82% 82% 82% 82%- 81 82
195 165 10 Del, Lack & West.. 400 194 194% 194 194%-?- % 185 194
9 8 ? Den A Rio Grande.. 100 7% 7% 7% 7**? % 7% 7
16% 9 ? Den A Rio Grande pr 800 15 15 14% 14%? % 14% 14
t3 10% 1 Dome Mines . 1000 12% 12% 12 12 ? % 11% 12
5% 3% ? Dul, So 8hore & Atl 300 4% 4% 4% 4%+ 3? 434 5
29 20 ? Emerson-Brandi. 200 21% 21% 21% 21%? 1% 21 25
147 99 3 Endicott-Johnson . . . 2000 106% 109% 106 107 -?- % 107 108
16% 9% ? Erie . . 400 14?* 1434 14% 14%? % 13% 15
27 17%? Frle 1st pr. 300 24% 24% 24 24 ? % 23% 24
96 65% 8 Famous Players . 3900 78 80 78 78 ? 1% 77 77
90% 88 8 Famous Players pr. . 200 88% 88% 88 88 ?2 88% 89
48 33 3 Fink Rubber Tire- 7900 38 38% 37% 37%? % 37S? 37
36% 21 ? Fret-port Texas . 3900 25% 27% 25% 26 + % 253/4 26
19% 12 ? Gaston Williams ... 800 16% 16% 16% 16% f- % 16 16
192 183 8 General Chemical- 240 180 180 180 180 ?12 180 194
76% 68% 6 General Cirer . 400 69% 69% 68 68 ?1% 67' '- 68
172 152% 8 General Electric . . 2000 166 166 166 166 ? 1 163% 16*?
436 225% 12 General Motor? . 30600 328 333% 318 322 ? 1% 320 322
89% 73% 8 General Motors pr... 1400 79 79 79 79 - 79 8C
86% 69% 8 Gen Motors 6% deb. 1600 73% 74% 73% 74% + 1 74% 74
90 84 7 Gen Motors 7% deb. 2900 86 86% 86 86%+ 1 86% 87
33% 24% ? Gen Motors ctfs-24100 32% 33% 31% 31%? % 31% 31
85% 64** 6 Goodrich, B F. 2600 73% 73% 72% 72%? % 72 7?
102% 92 7 Goodrich, B F, pr . . 800 94% 94% 94% 94%+ % 94% 9?!
65% 36 ? Granby Mining . 300 41 413,4 41 41%4- % 41' 4j
49% 31% 2, Gray Da-Is . 400 35 35% 35 35%'_ 33 36
82% 68% 7 Great Northern pr. . 12100 81%. 82% 81% 81%+ 34 81 % 8?
41 33 4 Gt North Ore subs . 1000 39% 39% 38% 38%? -% 38% 31
38% 293/4 ? Greene Can Copper. 300 36 36 36 36-351 2 3e
84% 67%? Gulf State Steel- 300 68 68 67% 67%? 1 67 6?
63% 60 4 Hask A Bark Car Co 800 62% 62''2 61% 62 ? % 61% 6?
38% 30 ? Heodee Mfg . 400 38 38 38 38 ? % 35 31
16 13 ? Hupp Motor? . 2600 15 15 14% 14%? % 14% 1!
22% 13%? Internat Agrieul ... 200 21% 21% 21% 21%4- % 21 2'
63 69 5 Internat Agrie.I pr. 200 77 77 * 77 77 + 1% 76 7!
61% 50% 6 Inspiration Copper . 2100 68% 65% 64% 54%? 1% 54 5?
4% 3% ? Interbor-Con Corp . . 6900 4% 4% 4% 4%+ % 4% ?
16 9% ? Interbor-Con Corp pr 11700 14% 16 14 15%+ 1% 15% 1i
138 112% 6 Internat Harrester . 1000 130 130% 129% 129%? % 128 121
51% 27% ? Int Mer Marine. 5100 36% 36% 35% 35%? 34 3511? 31
111% 76% 6 lnt Mer Marine pr.. 2600 90% 91 89% 893,4? 1% 89% 8!
127 102% 7 Int Motor Track- 200 102% 102% 102% 102%--17% 102 121
84 72 7 Int Motor Truck 1 pr 200 75 75 75 75 + 2% 72% 7I
89% 70% ? Internat Paper - 6800 81% 81% 79% 80 ? 1% 80 '* 8?
26% 19% ? Internat Nickel - 6800 22% 22% 21% 213,4? % 21% 2
71 70 6 Inter Salt . 300 70 70 70 70 - 68 7l
61% 35% ? Iron Products . 800 43% 43% 43% 43%? % 43'', 4<
21% 14 ? Jewel Tea . 4800 15% 19% 15% 18%+ 2% 18% 1?
44% 39% ? Jewel Tea pr. 1600 41% 44 41% 42%-f- 1% 42% 4.
30 23 2 Jone? Tea . 400 25% 28% 25 26%+ 2% 24 2
19% 13%-? Kans City Soutb... 900 17% 17% 17% 17%+ % 17%. 1
162?/i 106 4 KeUr Springfield ... 600 123% 123% 120% 121 ? 2% 120 12
90 66 ? Kelsey Wheel Co_ 600 80 80 80 80 - 72 a
33% 27% 2 Kennecott Copper .. 2000 30% 80% 90% 30%? % 30% 3
48% 24% 1.20 Keystone Tire . 2500 39 39% 37% 37%? 1% 37% 8
91% 63 6 Lackawanna Steel ... 1600 74 74 73% 73%? 1 73 7
22% 16 ? Lake Erie A W pr. . . 200 22% 22% 22% 22%- 22 2
38% 28 ? Lee Rubber A Tire. . 400 34% 34% 34% 34%? % 3< 3
47% 40% 3% Lehlgh Valley . 800 47% 47% 46% 47' ? % 46% 4
18 14% ? Llgg A M Tob rta. . . 200 16% 18% 16% 16%+ % ?
S2 26% 2 Loews, Inc . 4100 30% 30% 28% es'/j? 1% 28% 2
28 17%? Lof. Candy . 1600 1944 19% 19% 19%? % 19% 1
70 46 ? Loose-Wiles Risratt. 1000 58 68 58 58 + % 56 5
183% 145% 12 LoriUard, Pierre. 400 162 162 162 162 + 2% 162 1?
112% 98 7 Loois A Nashrille. .. 300 106% 106% 105 105 ? 2% 106 10
64 61 4 Mackay Co? pr. 200 63 63 63 63 _ 60 6
35% 18% ? Maxwell Motor . 400 30% 30% 29% 2?%+ 1% 29 3
131 117% 7 May Depart Stores.. 200 124% 124% 124 124 _ 124 u
222 161% 10 Mexican Petroleum . 10900*187% 188 181 181%? 3% 181% 1?
26 21% 2 Mtml Consol Copper 200 23 23 22% 23 ? % 22% S
71% 22% 1.20 Middle State? OH... 24600 35% 38 35% 36 + % 3584 '.
?52% 42% 4 Mid-ale Steel . 2600 47% 47% 46% 46%? 1 46% 4
18% 9 ? Minn A St L new. . . 300 17% 17% 17% 17%? % 17 1
7? 63 7 M, St P A S Ste M 200 78 78 78 78 - 78 7
11 6 ? Me, Kans A Texa?. . 2800 10% 10% 10 10 ? % 10 1
18 8% ? Mo, Kan? A Texa? pr 300 16 16 14% 14%? 1% 14% 1
31% 21 ? Mlssoari Pacifie - 4800 29% 30 29% 29%-r- % 29 ?
49% 36 ?? Missouri Pacific pr. 3900 47% 47% 46% 46%? 1% 46 ?)
69% 61% 3 Montana Power ... 200 ?66 66 66 66 4- % 66 t
51 36% 4 Mullln; Body . 800 44% 44% 44% 44%-- % 44% -
38% 36% 3% National Acme - 200 36% 86% 36% 36'/,- 3?% ;
125 110 7 National Biscuit ... 200 115% 115' . 115' '- 115' ?_? 2' - 115% 11
High. I-?w. Dir.
1920. 1920. Rat?,
72% 44 ?
11 '/i 8
R.|M. O,.?. H*?. 1"~. Ckm. ^ ?'?? ??'
. 1600 62'/. 63 62'/. 68 W+ ? J8'/*, 63
89 V 66'/, 6 N.t Enea, & Stamp. 1000 7634 78% 76% 78 + % 78 ,
M* 72% 6 Nations. Lead . 2200 81% 81% 60 80 ___/, ^
National Anilin?
Nat Con & Cable.
110 105 7
17'/a 14 1
117 92 10
77V? 641/4 5
3 8'/a 23% ?
49% 43 3
36% 23'/2 ?
29 10 ?
200 108 108 108 10?
300 ?14% 14% 14% 14%- V? 14'/a 14%
National Lead pr. ..
l^Jfc?t*?\ 10^103^103^103^103^-2^103 10^
76% 79 75 ? Vz 78
36 33% 33%? 1'/2 33
50 50 60 -f '/* 48
100'/? 88 7
f8 60 5
83'a 68% 7
77'? 60% 5
bO-'s 38% 4
5% 4% ?
9!^ 6'/a ?
142 120 8
41% 28 ?
65 51 3
78 68 4
34%
50
35
24 ? 1'/a 23 25
97%? 1% 96'/2 97%
52
82
24
97
61% 51%? 2'/? 51%
81% 82 ? Vz 81%
61% 61'/a? % 59%
45% 45%? % 45%
6% 5%- 6%
8% 8'/?- 8
60
46
5%
8%
108%
103'/?
47%
43%
35%
41%
32
42'/2
80%
827?
?8%
30%
27%
103%
118%
71% 6
67% 7
37 3
40 3
20 ~
33 ?
23% ?
343, 3
50 4
48% ?
15% ?
21% -
16 1
84 8
109 8
N Y Central. 6100 78
N Y, Chi * St h. .. 1200 36
N V, C & 8t L 2d pr 200 50 ?
N Y, N H * H.... 21600 35% 36% 34% 34%? % 34%
Norfolk A South... 800 27. 27 M 24 - 1% 23
Norfolk & West.... 400 97 97'/?
North American. 1400 5S 55
Northern Pacific... 4600 82% 83
Not? Scotta Steel.... 100 63 63
Ohio <??s. 3900 46% 46%
Okla Prod & Ref.. ? 6400 634 6%
Ontario Silver . 900 8% 8%
Otis Elevator . 700 134% 134% 134% 134%- 3% 132 139
Otis Steel . 800 30 30 29% 29%- % 29% 30
Owens Bottling M.. 400 62 62 62 62 - % 60 62
Pacific Development. 100 70 70 70 70 + la 68 71
P?n-Amer Petroleum. 23600 *94 95% 92 92%- 1% 92% 93
P?n-Amer Petrel B. . 700*89 89% 87% 87%- 1 87% 88
1000 41% 43 413,4 42 -I- %
-1600 4334 43% 42% 42%? %
100 23 23 23 23?1
200 38 39 38 38% f %
3100 29% 29% 28% 29 ? V\
1000 38% 38% 37% 37%? 1
800 74% 74% 74 74%.
Parish & Bins-ham. .
Pennsylvania K R..
Penn Se?b Steel.
People? Gas & Coke.
P?re Marquette ....
Philadelphia Co ...
Pitts C, C ft St I...
Pierce Arrow . 36100 65%
Pierce Oil '. 3400 19
96 74 5
102 89% 8
22% 171-4 1
85% 64% 4
35% 33% 2
62% ?
Pitta & West Va....
Pond Creek Coal....
Pressed Steel Car. . .
Pullman Pal Car... .
Punta Alegre Sugar
Railway Steel Spring
Ray Con Copper
66 62'/? 623/4
19% 18s? 18%
28 28 28 -
19% 19% 19%
98 97l/a 97%
84'-,
6
94
124%
110%
77
21%
16%
25%
30
'18%
240
90%
48%
82%
105%
26%
58! 2
43%
86%
116%
142
503* 41
12% 9% ?
231 166% 10
193 15?% 8
43% 25
100 28
200 19'/?
700 98
1000 116% 117%. 116 118 ? %
1800 81% 81% 78 78 ? 2%
800 98% 98% 98 98 ? %
400 *18% 18% 18 18?1
Reading ..". 23100 84% 85% 83% 84%-f- %
Reading 2d pr. 1600 34% 34% 34% 343/4
Remington Type ... 200 77% 77% 75 75 ? 1%
Repub Iron & Bteel. 16100 95% 99% 923-? 93'/?? 2%
41% 43
42% 43
22% 23%
38% 39
29 29%
37% 37%
70 74
1% 62% 62%
% 18% 18%
27% 29
19 19%
1%
97
113
79
98
18
84
34
74
93'/
98
117
80
98/4
18%
84%
34%
75%
933^
93% 3.60 Ryl Dtch N Y ?ha.. 8800 101% 102% 99% 99%? He 99% 100
?uii/. R Savage Arm? . 300 67% 67% 67 67 - 65 67
Saxon Motors . 5300 16% 17 16 16%- 16% 16%
St Joseph Lead. 300 16% 16% 16% 16%? % 16% 17
St L & San Fr. 1600 24% 24% 23% 23%? % 23% 24%
St L & Southwest pr 400 29% 29% 29% 29%-f* V? 28 29%
Seab Air Line pr. . . 300 18 18% 18 18%+ % '7% 18%
Sear? Roebuck . 400 234% 234% 232% 232%? % 232 234
73% % Shell Trans Ter.... 6600 81% 82% 79% 79%? 2% 79% 79%
3434 ? Sinclair Oil . 34600 43% 44% 42% 42%? % 42% 42%
Sloss-Shef Stl & Ir.. 800 74% 74% 70 70-4 70 74
24900 100% 101% 99% 99%? % 99% 99%
1600 24% 25% 24% 24%~- % 24% 25
400 577? 57% 57% 57%? % 67/4 57%
200 41 41 41 41 ? % 41 41%
6800 67% 71% 67 67% -+- % 87% 68
Studebaker . 38900 97% 98% 95% 95%? 13? 953,4 95%
Stutz Motors . 2100 136 142 136 140 - 4% 139 140
Superior Steel . 200 46% 47% 46% 47%+ % 46% 49
Tenn Cop & Chem.. 790 10% 10% 10% 10%? 1% 10% 11
Teias Company _ 26100 199 202% 196 199 + 1 198% 199
Texas Co 30% pd... 200 192 192 192 192 - ? ?
Ten? & Pacific.67100 39% 41% 39% 40%-t- 2 40% 4034
16 12 Third Ave R It. 1900 13% 16 13% 16 >~ 2 15% 16
95% 61 6 Tobacco Product? ... 4800 68% 69 67% 67', ?r? 1% 67% 68
106 90% 7 Tobacco Product? "pr 200 94% 94% 94'. g 94%-f- 1% 93 9S
38% 20 ? Trans Con Oil. 63800 27% 28% 27 27%- 27/? 27%
66% 54% 5 Transue W Steel_ 200 59% 60 69% 59%4- 1% 59% 60
38 " 27% ? Union Oil . 8900 34% 34% 33% 34 ? % 33% 31
124% 110 10 Union Pacific . 3100 122% 122% 121
69% 65 4 Union Pacific pr
64% 6
13% ?
14% 1
15% ?
21 ?
12% ?
214 8
64
88%
18
50
39
50
80'/?
1003/4
Southern Pacific .
Southern R R
Southern R R pr,
Stewart. Warner .
Stromberg Carb
53 40% 4 United Alloy .
53 48% 3% United Drug 1st pr
204% 176 12
2934 20% ?
12% 8% ?
25% 1534 ?
78% 53% 2
116% 77% 9
56% 40 ?
96% 64 3
143% 91% 8
115'., 110 8
121 ? 1 12034 121',4
200 67% 67% 67% 67%+ 2% 66 67%
300 44% 44% 4434 4434? % 44% 44%
400 5034 60% 50% 503/4+ % 50% 50%
300 200% 200 % 200% 200%+ 1% 197 199
United Fruit
United Ry Invest pr 400 25%
United Ra" Invest.. 3000 12%
U S C I ?' * Fo. 1000 18%
IJ 8 Food Prod. 1600 67%
U S Ind Alcohol_ 24100 92
U S Realty & Imp.. 700 48%
United Retail Store? 6800 75%
U 8 Rubber . 26100 107% 107% 104% 105'-?
U 8 Rub 1st pr .... 100 112 112 112 112
76 61% 6
109 92% 5
11534 109% 7
80% 68% 6
12% 9 ?
573? 42 ?
72% 691/? 4
112% 107 8
91 76 6
U S Smelt & Ref ... 300 69
U S Steel . 44100 99?
U 8 8teel pr . . .
Utah Copper . 300 73% 74% 73
Utah Sec Corp .
Vanadium Steel
Va-Carolina Chem
Va-Car Chem pr .
3-4 11134 1121/2
69 68% 683-4? 1 67% 68%
100% 98% 98%- 1 98% 98%
400 113 113 113 113 ? % 112% 113%
73 ? 1 72% 72' 2
800 10% 10% 10 10 ? % 10 10%
2000 50% 50% 49 49 ? 1'? 49 49%
900 ^1% 71% 70'/? 70%? 1% 70 71
200 109% 109% 109% 109%+ % 109 111
10%
31
56
12%
27%
64
88%
s5%
65%
14%
22%
66%
32
33
95%
03%
76
7% ?
2O/2 ?
49 ?
8&? ?
20% ?
64% 4
82 7
48 4
64 4
9/4 ?
16 ?
49 4
22?% 1
26 ?
67 ?
88 7
69% 6
Va, Ir, Coal & Coke. 700 87? 8 87%
Wabaah . 1C0 9% 9%
Wabaah pr A. 1600 28% 28%
Well? Fargo Express 300 53 53
West Maryland - 400 11% 11%
West Pacific . 1000 25% 25%
West Pacific pr . . 200 62% 62%
Western Union Tel.. 100 86 86
Westinghouse Mfg . 1600 53 53%
Westing Mfg 1st pr. . 100 64% 64% 64% 64%
Wheeling & L E_ 400 12% 13
Wheeling & L E pr. 200 20% 20% 20% 20'/s
White Motor? . 2800 59 59% 57% 57'/s
?Ex dividend.
Willys Overland
Wisconsin Central
Worth Pump ? M.
Worth P & M pr A.
Worth P & M pr B.
15100 25% 26
200 72% 72%
4fl00 83 83%
100 92 92
100 75 75
25% 25%? y,
723-4 72%? 1/.
79%? 3% 79
92+4 87%
75 + 1 73%
79%
92
75
Bid and Asked
Bid. Asked. Ui,l Asked
Ad Rumety pr 8SV3 69% L-W B 1st pr 09 ?03 '
Am Jink Noto 42 42?} do -,; pr in, |-,
do pr . 45H 50 r.orlllarcl pr. 104 I03!i
A Boot P pr. NO'/j ?1 Mai'ka.y i ie (?5 .'?'x
A Cot Oil pr ? 85 .Manat? Sugar. 114 115
Am toco PT.104 107 : do pr . . 9:. 10IU
Am .Malt & O 32% 36 Manhat Hoaeh >? ">*
Am Shlpbklg.
Am Snuff ...100
.2
Stocks Ex Dividend
Mar 15?Advance, Rumley pf.*S 1.%
Mario?American Bank Noto pf. ?%
March 13- American Bent Sugar pf. . . 1'-?
Star 16?American Bosch Magneto.... Z'Vt
Mar 17?Am?rican Can pf . 1.??
Mar 15?American Car & Koundrv. ... ?)
Mar 15? <1o pf. 1 \
Mar 13?Amer Hid? & Leather pf. L?i
v
HO
123 .Maiihat Shirt. 20V, ?? Mar 16-?Amer International. 1 V?
117 -Mar KocKweit. 58 vi 80Va j Mar 15?American I.lnseed pf. 1 *?
A Sum T pr Nti
Air. Tul A C. 48
Am Zinc pr. 54
A 1) O l?t pr 63
do 2d pr. .. H4
As?o Oil ...112
AO twin 65
Auto Sajes Co 12
do pr . 28
Bald loco pr 90
Bar i^eaMier.. 53
do pr . K5
Barrett, Co pr.?on
Brown Shoo.. 03
do pr . 95
Bums Bra pr. 100
Huff H & P. 50
do pr . ?
Buff A Sua.. ?
?do pr . ?
Buah Term... --
Can Southern 41
00
29
MarUn Parry
*? Vii .Mat Al W... 24
55 Max M 1st pr 53
E'Jj ?do 2d or. 25 V4 2?
.1 1 May Da ?ft pr. 104 110
.0 ?Mex ret pr. 05 100
IT I.M8PASSM pr 91 06
i>i 1 do Isd line?. 53 :.?
14 H ! Mont Pow pr W
??flU. ! W ...I.. *. !.<.
?-'8H ?Morris & Es. ?
110
MuUlua By pr 9;
Naah & Chit. 105 113
N'at Bis pr. .112'/a H4vi
Nat Aniline pr 87 88
X C & S pr 05 100
N H4S pr ?7 ion
NFUUl T? pr ? 10
NYC&8L 1st. 61 % 6H
100
69KIN Y h A" vV 85
?M iNorf A W pr 68
100 Mag F P pr. ?
60 Ohio Fuel .. 50
Caaa J I |ir.. 97'4 P8M? Otis Kljv pr. ?
C\au Pdry... is 30 Otis Steel pr. --
do pr . 36 56 lOwecs Bot pr. 90
Ven of N J.J85 205 |P?culo Coast
CASA Tel-109 114 Vi
Certain 1st pr 88
O * ? 111... 7VA g
Cl A Pitts
CSP M A O 66 72
do pr . 90 105
C A S 2d pr. 4:1 52
Cotit Can pr.100 105
(Vex ('?.mot. . M 60
Cuba Am SU. 405 425
do pr .loi 110
Deere Co pr.. 90"i IOS
I)*t Edlimn. . .106 109
Pet Cn TtR. ? 100*
diamond M. .120
I) 8 S t \ pr 10
Dtirhan] Hog. 54 so
do pr . 09 100
Blkhom Coal. 21 23
do pr . 87 42
Em Brandt pr 82V? 83
Endl John pr.102 103%
Erie 2d pr... 16V* 17
Ptthor Body.. 120 13?
do pr .102 110
Gffli Cham pr. 95 08
Gen (*lg? pr 97 100
do pr ?>D. 87 8?
OMA No. 7 10
do pr . 29 33
O 8 S Ut pr - 97
id pr
Pac (.} A E. 50
Pacific Mali.. .''.4
Pac Tel A T 40
I P Am Pet pr.lTS
?Pariah & Hing 30
iPeini I C pr. . 90
Pere Mar pr. 49
do prior pr. 63
Petti Mulli... 40
do ?.it pr
I Mar 15?Amer Steel Fdya Temp pf_ 1 ??
?Mar 19?Amer Tel & Tel. 3
? Mar 18?American Woolen. 1 \
Mar 13-- do pf. \\
i Mar 16- Mar 15--Barrett Company_ 2
Marts? do pf. 1 ?4
? Mar 16?Bethlehem Bteel. 1 i4
I Mar 16? do Class B. 1 ?t
I Mar 16? do 7 per cent pf. 1 \
Mar 16? do 8 per cent pf. 2
| Mar 13?Booth Fisheries 1st pf. . . . . . 13^
MarlS?Case, J I. Thr-sh Mach pf. . I \
? Mar 16?Columbia Graph Mfg Temp pf 1 \
Mar 20?Commerce, Nat Bank.... ",
Mar 15?C (1 E E ft P f'o of Bait. . . . . 2
i Mar 15?C'ona Tnt-Callahan Mtn. 2
; Mar 19?Continental Can. u.
Mar 19? do pf. " l?t
Mar 16?Crucible Steel pf.'.'.'.'.'.'.'.'. 1%
Mar 15 ? Cuba ran? Sugar pf. ?a,
'. Mar 15- r'uban-Amerlcan Sugar.!.!!! 2 Hi
; Mar 16?do pf. 1 ?V
i Mar 20?Durham H M T Cl B,' Ti'and"hi.
i Mar 16?Electric Storage Battery.. . ?u.
I Mar 15?Bndicott Johnson. 1?
Mar 16? do pf. ' 1'
Mario?Fisk Rubber.. s*
2?? ! Mar 20?General Electric... . *>
41% I Mar 15?Gulf St Steel st tr ctf? 1st pf' T
93
07
101
55 V,
! Mar 15?-llaskall ft Barker Car
. Mar 13?Helme. G W
60 ! Mar 13? do pf. ? ?
, .,, ,i?, ! Jf?,r '5?International Salt. ...'.'.'. V! !! ! IV
'7,V4r4 ?S-ffi* ?S* ; l ?r ?5 -Kelly-SprinifleM Tire 6 p c pf 1
Pltu Ste.T or ?? ? i???! 3??Keyarton? TJre ft Rubber...' 30c
Pitta Stoel pr. 87
P A W Va pr 73
?OwiP BON J..I5
"'BY 8t Spr pr.105
66
in?
Item Ty pr
do Lst pr
BouaaelaoT .102
Il I A S pr. 99
Roplogla Sta?l, 37
S I, A S nr 34V* 35
S?ab A L pr 174? 18V4
S-S 8 A I in- 90
SFB t?ugar.210
do pr .108
Standard MU?. 125
do pr . 80
Studobattet pr. 100
109
101
40
18V?
97 %
22S
112
no
Mar 16?Kresge, 8 S, pf.
Mar 20--KresH. S H, pf. . .
Mar 16? Lehtgh Val R ri!!!.
Mar 16?Liggett ft Myers Tob pf. 1 1
' " P.
04V4 100
9S?? ; Mar 15 ? I.orlllard
101
?up Steel pr.lOOH 103
. 350
210
15
23
T ft ? Id tr.235
Hartman Corp 83V4 90V4JTld?water OU.180
Horaestake ..36 6? TSI< A W ctfs 12
Im Har pr. .111V4 lltVi do J?* ctfs. 18
I Mtr T 2d pr ?0 64 T ? B T pr. ?
tnt Paper pr 85 10!? Cnderwood T.167 177
Int Nickel pr 85 87 do pr . ? 120
loiva Central. 5 7 Cn Cigar St. .150 224
Kayjer .( ...105 115 1 do pr .107Vi 140
KCFSAM pr. 53 03 O Trma 2d pr.lSO
Kelly ~
K
Mar 16? do pf.
Mar 15-?Manat? Sugar Co ' pf! !'!. ja
Mar 15?Manhattan Electric Supply.! 1
MarlS? do 1st pf., . . 1
Mar 18?Manila Elec R R ft I.ight ! ' 1>
Mar 16?May Dept ?torea pf.. i?
Mar 13?Mexican Petroleum . -
MarlS? do pf. . J
Mar 30?Middle States Oil temp!! ! !l0c
i ??*r ?S~?? ?t P * S S M leaaed Une?. 2 '
! Mar 13?Montana Power.
i Mar 13? do pf. ! ! ! ! 1
Mar 15?N An ft Cham temp v't ctfs of 1
Mar 19?National Surety... pti
Mar 13?N Y, l^ck ft Western fiv"" i'
Mar 18?North American Co."..''' n
Mar 19?Northern Pacific Ry
MarlS?Ohio Cltt-s Gas pf . ',
Mar 20?Otis Bteel pf.
?to or .101U ? WUaon Co pr. 95
Uclede Oas... 40 43 Willys O pr.. 89
Lake E A W. l?Vi 12V? WooliTorth ...126
I- A M T pr.104 10? do pr .Ill
West's? A B.110V4 112
97
60
126
113
Mar 20?Pierce Oil % per cent pf
Mar 17?Railway Steel Spring ' 2
MarlS?Republic Iron ft Steel pf "' 1
Mar 16?Sears-Roebuck ft Co pf 1
I Mar 10?South Porto Rico Sugar!!!!! 5
Dollar DropB in Denmark f?l&^S'faA^?^ \
Copenhagen, March i2.--The|^rrW-l^To gsjf?n.\r.::::::: ?
value of the dollar within a week has Mar 13
dropped from seven krone to 6.75
krone. The "Social Demokraten" at
do pf.
MarlS?United Cigar Store? com atli l?
Mar 16?United Dyewood. l
Mar 16? do pf. >
Mar 2C *
0?United Fruit.
tributes the fall to the Stopping of Msr 16?Weyman-Bruton '!!'!!!!!!! " 2
the importation of American luxuries. Mar 17?White Motor.!!!!i!!!! l
In Wall Street
Building the Trs-tlon?
If one of the man*/ rumor? afloat
yesterday In connection with the sud?
den rise in the local tractions stocks
Jed by the Third Avenue is to b
trufltcd, a certain crowd of New York
City politicians has. accumulated a long
line of these issues, and is j*$*?* ?
campaign aimed at ''P?-?'ng them
considerably higher. The tip that the
tractions were due for a move reached
? number of favored brokerage house?
early in the day. in fact, before the
market opened, and the buying was
brisk most of the session. Not only
Hid the tractions advance sharply, but
they held their gains through the
afternoon recession. Third Avenue
advanced 2 points net, InterborougH
Consolidated preferred 1% and Brook?
lyn Rapid Transit 1%. To the trader?
not on the inside no apparent improve?
ment in the local traction situatior
could be seen upon which to base an j
important, move in the stocks of these
companies.
American Can
American Can common has made st
many false starts in recent years tha*
it can hardly be called popular wit!
the speculative element. In the las
few days, however, there has been evi
dence of a fairly active demand fo
the stock, apparently based upon th?
fact that recent reports as to the de
mands upon the company for large
tax payments for 1918 have been ex
aggerated. It is even stated in som>
quarters that it may never be ncces
sarv for the company to apply to ta:
payments the contingent reserves se
up in the report for 1919. This iterr
carried as "contingent funds" in th
balance sheet on the liability sid?
amounted to $9,769,010, compared wit
$6.942,107 in 1918, and $4,237,543 i
1917. It is pointed out that if the sam
figure had been taken last year for th
contingent fund as in 1918 the corr
pany would have shown earnings c
more than $J0 a share instead of th
$5.56 reported. Can, after selling ti
to 46% yesterday, reacted to 44% a
the close, off J .% points.
Com Products Refining
On the basis of earnings of the Cor
Product? Refining Company in recer
months it is expected that the direc
ors when they meet on March'26 wi
declare an extra dividend of 50 cetv
a share in addition to the reguli
quarterly disbursement of $1. Th
would be at the same rate declared i
the last meeting. The company's ean
ings in January are said to have e
ceeded those of 1919 by a substanti
margin. Earnings in the currei
month are expected to be well in e
cess of February's net?the latter w?
a short, month -and bring profits f?
the lirst quarter in line with the %'.
920,327 net earned after all charg
and taxes in the corresponding pern
of 1919. The best quarter the compai
ever had was in the June quarter
last year, when net after all charg
reached $5.978.514.
Constructive Propaganda
Rankers who ought to be in a po:
tion to know are inclined to be skep
cal of some of the iecent reports
'lie effect that Great Britain and Fian
were preparing to ship $250,000,000
gold to this country to meet the Ang'
French maturify of next October. Wh
it is generally believed that some gc
will come forward between now a
next autumn, many members of t
hanking community will be surpris
if as much as $100,000,000 is import
on British and French account. .
officer in a leading bank said yesti
day that the gold rumors, which hs
never been officially confirmed, ht
served the purpose of construct
propaganda. The mere fact that Briti
and France are prepared to ship go
it was stated, had helped sentimenl
great deal.
A High-Priced Speculation
One of the best speculations th?
days is offered by memberships on 1
?\'e\v York Stock Exchange. Seats i
selling now around $93,000. It was o
a few weeks ago when they were quo
at $115.000, the high record price
all time. It was pointed out yesten
in connection with the application
the Standard Oil of New Jersey for
listing of its common stock on the
change that the admission of th
issues to trading on the big board t
likely mean a large increase in bi
ness, which should mean a further
hancement in the value of excha
seats. The prediction is made in sc
quarters that we are iikely to see a p:
of $150,000 for ?Stock Exchange m<
berships. in the course of the next
years. There Is a possibility that v
the gradual enlargement of the sc
of the exchange, the member*
may be increased. The trading lis!
the exchange has broadened rap
since 1914. There have been ret
sessions in which as many as 355
ferent stoelfs have been traded in. I
year some fifty new stocks were ad
to the list. At present applications
approximately one hundred compa
for listing their securities are now
fore the listing committee.
15 Per Cent Market
The stock market ran up against
barrier of high rates for call mc
yesterday?15 per cent was touchei
the afternoon?but at that the gen
run of issues acted well in the ji
ment of most observers. It was ;
erally felt that the market was due
a setback, considering the rapidity
the extent of the rise since Mon
By far the great bulk of the offer
of stocks yesterday represented pr
taking sales. The bear contingent
still timid about "selling 'em sh?
The opinion of market experts
that the next two or three trading
sions ought to afford a pretty ?
test, of whether or not the rise is
ing to continue. It is felt that to*
the latter part of next week,' if
before, easier money conditions sh
be experienced, as by that time
funds paid in for tax purposes sh
begin to flow back into the banks,
White on Homer Field
P. J. White, head of the White
Corporation, is extremely optim
of the outlook for the Homer fiel
Louisiana, despite all the recent
ports of salt water appearing jn r
of the deep wells in that sector,
his return to New York yest?
after an extended trip through
Louisiana, Texas and Oklahoma
fields, he asserts that the Homer
of North Louisiana will ultim;
produce more oil per acre than th
mous Cushing field of Oklahoma,
do it in a shorter time. "Horn?
now producing more barrels of
grade oil per day," he declared, '
any other oil field in the world."
Mexican Petroleum
Efforts to speed up productio
the Mexican field in order to mee
shortage of fuel oil are appar
bearing fruit. The Mexican Petrc
Company, for example, shipped o
?Mexico in February, accordin?.
figures made public vesterday, 2
000 barrels of petroleum, the la
ever before shipped in a single n
by any company operating in
field. January shipments apt
mated 1,700,000 barrels.
? ?
Government Compensa..?
In addition to those airead*,
nounced, the following railroads
agreed to accept the government
anty of earnings for the six m
ended September 30, as provide
by the Cummins-Esch law: Ch
Milwaukee & St. Paul, the W
Railway Company and the II
Central.
A Searching Test of Emn\nm%
Westinghouse
Air Brake
One of the most intereitlj?
and best indications of tfj
fundamental value of the
stock of the Wtstrnghouy
Air Brake Company i? th?
cash and stork dividend ret?
ord of the Company for the
past eleven year???-jogg to
T918 inclusive. This ?how?
an 3nnuaJ average of 36.06%
or $18.03 per share in cash
dividends and ra*h equivalent
of stock dividends.
Details regarding this old
established American corpo?
ration and its present out.
look are contained irf our re?
cent circular K-I3, which will
be mailed upon request.
A.. A. Housman & Co.
(New Tork Btoek Bx-luum
New Vor,.-o?!n-p*--|?S?
N. Y. Coffee *8.JtarP_J!P
lUmbera 1 ?>w T^^uce _*xc_.
I Chicaro Board of Trada
? Ass? i ate Itfstnbarsefa
- Liverpool Cotton Aas'n.
20 Broad Street, New York
Branrb Offloe-- 25 Weet lie g_
New Tork tit?
Liberty Building. PMJa.
-?- IM Yean, uf Camme-Uai ttuiaa
??5 CHATHAM & PHENIX
rSh NATIONAL BANK
. \J5/, Capital ? Sorpla? $I..M?,?M
MhCjV^ ft*?00""*?.815?,?JHaa|
B.\\K 149 Broadway, Singer Blet.
And 12 BraaehM
Commodities
Cotton
There was rene**-?.'! covering by r.ii?
month shorts In the -r.ark't ye.tercir
which s<*nt the pries of March centra-?
up to 40c, or ??'?n with the best figy-i
touched, by December as it reach?
niaturity, and the bights? level evr
reached by any futur?- contract la ti.
io-al market. May also -na?.? a t?
high record for th? e-ason. -while a
month? made new high ground for ???
movement, with the market closing atea.
m a net advance of SO to ?SO pointa Ti?
strength and activity f-;iow?d rather 1
quiet and nervous market, and th? buy?
ing; movement was attributed largely -,
report.? of bette- prospects for early ac?
tion on th" pence treaty, the aftennoi
rally in exchang? and r?>ports of a bettt
spot demand from one o- two of tb?
Southern markets
An advance in the T.lverpool marktt
wa-s practicably Ignored owing to tb*
early decline in sterling* and afW op?r
ing 15 potnts higher to 5 point? low?
activa, month.? here soon sold 18 to S?
points below Thursday's cloalng figur?
There was selling for a reaction as ?ft
as realizing, such operations being *ti
?ouraged by prospects for gradually clfa
ing weather and a b"!ief that the tecfcna?
position of the market ha.d weakentJ
Offerings were by no meais active or at
gre??p|ve. however, and the market awn
turned firmer, with pnce? reaching ti?
best level? of the day in the ?ate tradinc
Wall Street ?a* an active buyer on tbt
afternoon advance, and there wu cover?
ing by early sellers.
One of the prominent Southern autatri
tips estimates domestic mill '-nnsumptlo
for February at 621,000 balea again?
bill,000 lor January ami 4t3a)90 last yeer
This statement was b-tter 'han expect??1
if anything, and may bav? encouragedsotn?
o? the earlier buying, but th- featurfi
were the strength of 'he spot position
and th-- evidently bullish ;nierpretat?<?
placed upon the reported praspecta fv
ratitlcation of the peace treaty. South
ein spot markets as officially report
were unchanged to 60 points higher, win
?lUotations for middling cotton rangias
from 39.00c to 43.06c.
The local spot market was steady a-..
unchanged at 41c. No sh m war? rt
ported. 1
The rango of prices follows
Thursday?
Open. High. Low. Clos?. c?as*
Mar... S?.ii.S 40.00 39.66 89.69?-31. a'
May... 36.60 37.05 36.44 36.96@36.06 M.?
.1 uI> . . . 3?..81 34.35 33.68 34.22 _ 34.-6 J3.T.
Aug... 33.45 33.4b 33.45 3o.4jy-33.*.'
Oct_ 31.60 31.97 31.35 3L95 ??31.9T ...i-'
Oee- 30.60 31.00 ."0.37 30.96030.99 30.f
Jan... 30.14 80.48 30.00 30.60030.66 ?.I?
Feb... 30.00 30.30 .l'.SS SO SS'*- .? H
Southern spot markets follow: Oalvealo:
steady, 25 points higher at 42.60c; M "
1,148 bales New Orleans steady. 26 poire?
higher at 41 o ; sales 2.006 balea Mobil
nominal, unchanged at 39c. sales Ml. f^
vannah firm, unchanged at 40c; salai I,
849 bales. ?'harleston steady, nncharf
at 40c; sales nil. Wilmington dull, -?
changed at 39c; sales nil. Norfolk ?il*
unchanged at 39e, saies 1,673 balsa Bal?
timore nominal. 25 points higher at 41.10c
salea nil. Augusta steadv, unchanged ai
40c: sales 1,364 bales. Mernpbl- -teal
unchanged at 40c; sales 1.800 balsa fi
I.ouls steady, unchanged at 40c; sal?, n;
Houston steady, 60 points higher at ?k
sales 1,732 bales. Little Rock steady, ?'
potnts higher at 40c: sales ?79 bal?
Hallan steady, 60 pointa higher at 43.06c
sales 1,024 balea Montgomery firm, ur?
changed at 39.26c; salles nil. fort wortb
steady, 60 points higher at 42.25c; ??!?-?
410 bales.
COTTON STATISTICS
Last Lmi
Yesterday Week Tear
Port receipts...-. 3;.106 ?.5.3?. ?f-?i'
Exports. 45.312 21,949 ?.-?"
Exports season. .4.882.520 4.463.739 8.H3.0"
N. Y. stocks.... 62.7?! 61,317 i*,'-"
Por? stocks.1,315.506 1.425.873 UM.?-'
Int. receipts. 10,800 14,'.39 M?
Int. shipments.. 14,290 14,939 U.??
N. T. arrivals... 9,523 2 367 *"
Liverpool rabie*?6pot cotton quiet at i?
points advance on the basis of 28i;"4 ?**
middling. Sales 5,000 bales. American ?
000; Imports, nil. Futures opened it.*"*
at 17 to 24 points advance. Closed -te??1'
at a net decline of 6 points to an adv-nt?
of 11 points. March. 26.42d, May, -6'"1
July, 24.39d; October, 22.48o, Deeemb*
21.64d. Manchester?Tarns, quiet; cloth?
firm.
Cereals
Whe*t ? Developments Id the ir-rfc*?'
were somewhat unsettling. O.sh prie? i'1
the West were steady and ??nehang?"
but in the local market -xpert buy?*?'
who recent ly have been shown g a wili";f'
ness to absorb everything In sight, wig*
drew, and what few bids were recel*1*'1
were from five to eight cents under tho?*
of Thursday. At the sane time price? ^
the Buenos Ayres market advanced ? ?
cents per bushel, and while there ?a* J"
authentic news to explain this sharp rn>*
the withdrawal of export bid? here -?'
the advance there were thought to W"-;
cats, perhaps, that foreitrn buyers 9K
shifted their demand to the ?auihern *n?_|
ket. There were no great ?luantltle? e
wheat availablo here, but offers appe-rf.
to be slightly larger and seller? were ?1
ing to make some concessions. ACCOM-??
to "The Modern Miller' the "*a,b'r,.r.
the winter wrieat country is quit? "_
favorablo, with unseasonable cold ?ndTi"r'f
tlnued drouth In much of the belt? y?L
hav? been numerous cumplalnts i'l"'Jn*ro5
winter regarding the cortaron of tn?*.?? >?
but while some authority believe tn?t?f
may become a more Rctl\'- feature in 1,
market, others think that -he bad "P"
have already been discounted.
?Lorn?The market was feverish lb_*JE,
out the day and after nuaemus ?*n'
within a range of about 1 ',<-. prices cwjg
with net losses of l4 %\<-. rtl,Tl..'r
fairly active buying on the brisks. ""V,,.
?very material advance selling Pr l?LV
increased, and this was thought to -"
that longs were anxious t- li'.uiclaie,
were not willing?? to press th-- *!,lln'ju,
to a point where prices would ??. un .w
affected. Many thought that ?*?,???
May position in Chicago reached tne,''.w
mark on Thursday the object!*-? ?? ....
bulls had been reached and tlia" ? a??0'
ictlon was to be expected as? during tn'' ,
two weeks, the market had advanced ?^
15 cents a bush'I. _ .
Yesterday's Previous -??*
New Tork: close cloa* ??
Corn, No. 2 yel.ow.$l.77 >. $1 77 '? ???"
Chicago: ..
May. 1.4SW 1 49 }?:
July. 1.42?. 1-*: ' ",.
Oatfa?Th? market was ''?nlP*T*ii<5
heavy throughout the day and f.n?' jjn?
were ?ngp^c net lower The ?'" -,
putted further reaelllrig by **?p<'.!ii.?
who were said to be substituting <-*n*~Z*
oat?, and this led to th? belief that ?-???**;
of the American oat? orlgtnali}' *?l?. 'v,
shipment will never go out but w>?
available for domestic consumptio
Yesterday's Previoo? Teat
New Tork: clos? '?!??* ,t*T%
No 2 whits.$1.03V_ ?1.03V.fflO< ?,Tl"
Chicago: ..
May.s.t v. ?*-*? ?J
luly.75% :*'* '
Rjf>?-Market steadv. ^ .'
Teaterday*? Previous ?"?*
New Tork: close close "?Kai
No :: West.. . ?I.SV. Ill" ___?
Continued on next pug*

New-York tribune. [volume], March 13, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], March 13, 1920, Page 14, Image 14 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Connect with the Library

Find Us On

Subscribe & Comment

Download & Play

Questions

New-York tribune. [volume], March 13, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924