New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 17, 1920, Image 14

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New-York tribune. [volume], March 17, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 17 March 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-03-17/ed-1/seq-14/>

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Phone, Rector 5000
Josephthal &Cq
120 Broadway, New York
Mtmbert
Nevo York Stock Exehang?
Foreign
Government
Bonds
Private Wlr?es to
Principal Cities
:
French
Government
Bonds
can be bought today at about '
the following prices:
1.000
Francs ;
4a of 1917.$56
Victory 5a.$70
New 5s of 1920. .Mkt.
The redemption value of
these bonds with
French exchange at par
would be . approxi?
mately:
4s of 1917_$193.00
Victory 5s. 193.00
New 5s of 1920 289.50*
*Canie? 50% premium in semi?
annual redemption by lot.
Circular H-67 on request.
Chandler ?Company
mcoo?o?ATK?
35 Pino Street, New York
Phiiade'.plila Boston
Xew Haven Baltimore
5
?H
I Quick Executions 1
it and
\r Prompt Reports -
I' .. '
combined with per- |
sonal attention to in- 1
dividual needs is part ]
of our service. Your |
> account is not too i
?r small to interest us, i
| or too large to over- <
F tax the facilities of i
> our organization. i
l CAI^TA??^S GrCO. {
it Members ji
Sew 1'orJc Stock Exchange 4\
|L New York Cotton Exchange i\
\y I'hiladelpMa Stock Excham/e
f ]
71 Broadway ^
New York
L 1419 Walnut St., Phila.
>
THE
MARINE
TRUST COMPANY
BUFFALO.NX
SEVENTIETH YEAR OF SERVICE
er
I PRICHITT
! ?CO.
MEMBERS OF
NEW YORK
STOCK. EXCHANGE
INVESTMENT
SECURITIES
SIXTY<- BROADWAY
NEW YORK CITY
Odd Lota
Writ? liept. 1?
(?Ti SHOLM &(hAPMAW
Membara New York Stock Bxohanga
71 Broadway New York City
UH?w> Office....,.39 l?. 42nd St.
Harlem Office. 390 tienox Av., cor. 1 Jlth Jib
Bronx Offlc*..891 E. 149th St.
Brooklyn Office.82 Court St.
Yonkers Office..'..12 N. Broadway
Newark Office.777 Broind St.
Bonds for Investment
Harris, Forbes & Co
fin? Street, Comer William
NlfW YORK
Stock Prices
Decline Despite
Easier Money
Threats to Impose Ibx
? on Stock Dividends Dis?
turb the Market; Middle
States Oil the Feature
Threats In Congress to take action
that would circumvent the recent de?
cision of Wie United States Supreme
Court holding stock dividends exempt
from taxation outweighed easier money
and better reports from Germany in
the minds of speculators, i After la
display of early strength, in which the
stocks most, affected by the decision
took a prominent part, the market ran
? into heavy selling and a sharp decline
I followed. The market was, in fact,
! under considerable pressure during tho
i greater part of the last two hours of
! trading, but while prices of most of
the more nctive issues gave ground,
I the set-back was not serious and failed
j to bring out any important or general
; liquidation.
Oil shares und the high priced and
wide moving industrials were the
j centers of interest, with Middle States
? Oil playing the leading role. This
! stock, which the whole list led in
volume of dealings, turned upward in
j the morning and sold at 28%. But
; early in the afternoon it became ap
; parent that something unusual was
: happening, for the stock was offered
! insistently, in large blocks and ap
! parently with little regard for prices
i or the effect on tho market. The quo
; tation dropped steadily, with minor
i recoveries, until it got below 32, when
enough support appeared to cause a
slight rally. At the end a net loss of
r5% 4. oints had been sustained.
In spite of the general expectation
? that the directors of Crucible Steel
! would declare a substantial stock divi
| dend?an expectation* which was
i realized after the market closed?this
; stock slumped heavily, falling from a
! high price of 252 to 231, and closing
: at 232% for a net loss of 12% points,
i Baldwin Locomotive was another issue
i in which the trading was excited at
! times, but at the end the change in
i price was relatively small despite a
: wide range for the day.
Money opened and renewed at 9
j per cent again, but the rate later
dropped to 7 per cent. Now that tax
payments arc out of the way, broker.
and traders believe that money will be
easier and that some time funds will
; come into the market. Bankers are
inclined to take the same view, al?
though they say that periods of
tightness may be expected occasional
\ ly, especially if speculation should be
; come unduly active.
-,__.
Money and Credit
After renewing at 9 per cent,, the call
I money rate yesterday eased off to 7
I per cent, but bankers predicted, that
the rate would work higher "by the
I end of the week, when it is expected
that checks in payment of income
' taxes will begin to pass through the
banks. There was a general feeling,
i however, that if any stringency does
? occur it will not be prolonged. There
? were further reports of time loans be
; ing made, but the supply of funds for
I periods running over thirty days was
' said to be limited.
The ruling rate for money yester
| day, compared with a year ago, fol?
lows: ?
? Yester- Year
Call money: day. ago.
On mixed collateral.... 9 4
On industrial collateral 9 4%
?Time money (mixed collateral):
Sixty days.8%@9 5%@5%
Ninety days.8V_(_.9 5%@5.4
Four months.8%@9 5%@5%
Four to six months..8V?(!'.9 5%@5%
Bank Clearings?Bank clearings in
! New York and other cities yesterday
! were:
Exchanges. Balances.
New York..$1,219,742,783 $110,755,176
'Baltimore.. 15,585,542 6,899,984
?Boston _* 72,903,921 20,207,819
Philadelphia 105,380,387 27,969,872
, Pittsburgh . 25,276,757 5,251.543
Sub-Treasturj-?United States Federal
? Reserve credit balance, $86,537,034.
Silver?London, 67%d; New York,
I $1.18%; Mexican dollars, 90%c.
The Dollar in Foreign Exchange
Sentiment in the foreign exchange
market was more favorable yesterday,
I and pounds, francs, lire and marks
I rose in value. The reports that the
revolution in Germany was simmering
I down seemed to facilitate the upward
; movement of the exchanges. Marks,
I which wero quoted at 1.11 cents
Monday, were worth 1.40 cents
mark at the peak yesterday. This
sharp rise induced selling, and there
was a reaction at the close of the
day.
Yesterday's rates, compared with
those of a week ago, follow:
(Quoted dollars to the pound.)
Yester- Week
day. ago.
Sterling, demand .... $3.7275 $3.64
S Sterling, cables .?_ 3.7350 3.6475
Sterling, sixty days.. 3.6925 3,6050
j Sterling, ninety days. 3.6775 3.59
(Quoted units to the dollar.)
Francs, checks . 13.10 18.72
Francs, cables . 13.38 13.70
Belgium, francs, chks 12.80 13.20
? Belgium, francs, cbls. 12.86 13.18
Lire, checks . 18.12 17.82
Lire, cables . 18.10 17.80
? Swiss francs, checks.. 5.80 5.97
Swiss francs, cables.. 5.78 5.95
(Quoted cents to the unit.)
Guilders, checks . 36.50 36.75
; Guilders, cables. 36.625 36.375
1 Austrian crowns, chks .43 .41
? Austrian crowns, cbls. .44; .42
. Sweden, checks .20.20 19.75
; Sweden, cables .20.30 19.85
Denmark, checks .... 17.10 16.20
! Denmark, cables.17.20 16.30
j Norway, checks . 17.90 17.20
: Norway, cables . 18.00 17.30
i Pesetas, checks ...... 17.72 17.62
i Pesetas, cables . 17.80 17.70
i Greece, checks . 11.00 11.40
i Greece, cables . 11.10 11.50
Manila,'checks . 48.75 48.75
Manila, cables . 49.00 49.08
; India, rupees, checks. 44.75 45.25
india, rupoes, cables.. 45.00 45.50
Japan, yen, checks... 46.25 46.50
Japan, yen, cables... 46.50 46.75
? Argentina, checks ...101.90 102.00
? Argentina, cables ...101.40 101.50
? Brazil, Rio, checks...-27.75 27.75
; Brazil, Rio, cables... 28.00 28.00
i Marks, checks . 1.35 1.26
! Marks, cables . 1.86 1.27
| C/.echo-Slovakia, chks 1.30 1.14
?
Paris Market Firm
PARIS, March 16.?Prices were firm
on the Bourse to-aay. ThrA? per cent
rentes 56 francs 90 centimes. Exchange
on London 49 francs 95 centimes. Five
per cent loan 88 francs 10 centimes.
The dollar was quoted at 13 francs
58% centimes.
Xondon Money Market ,
LONDON, March 16?Bar silver
67'sd per ounce. Bar gold Ills 6d.
Money 3% per cent. Discount rates,
short bills 6% per cent; three months
bills 5%@5% per cent. Gold premiums
at Lisbon, 140.
French Internal Loan
Brown Bros. & Co. announce that
the official subscription price on March
17 for the new French internal loan of
1920, based on tho closing rate of ex?
change March 16, is ?(4.91 a 1,000-f ranc
bond.
Transactions Yester<3
Summary of Stock Exchange Dealings
(Copyright, 1920. New York Tribune, Inc.)
Day Year January 1 to date.
Yesterday. Befors. ago. . 1920. 1919. 1918.
Railroad ?tocka ... 122,300 101,800 218,400 7,592,700 6,681,200 7,741.600
Other stock? ...... 1,166,600 953,100 778,100 45,681,100 27,991,300 27,318,200
All stocka . 1,278,900 1,054,900 992,600 63,273,800 34,672,500 35,059,800
Yesterday. Day before. Year ago. 1920. 1919.
U. 8. government bond?. $7,207,000 $8,111,000 $6,224,000 $681,224,000 $506.821,000
Railroad bonds . 1,116,000 .1.069,000 1,164,000 74,519,000 72,643,000
Cther bonds . 2,173,000 3,293,000 3,231,000 89,211,000 83,714,000
AH bonds. 10,496,000 12,473,000 10,619,000 844,954,000 663,178^000
High. Low. Dir. N**
1920. 1920. Rate. Sal?*. Open. Hlrh. Low. C?ese, chgo. Bid. Aak.
36 25 - Adam? Expre?. 1400 343/4 34% 83 83 ? 1% 33 34
88% 65% 6 AJax Robber . 200 74% 74?/_ 74% 74/8- % 74 74%
2 1i/a- Ala,ka Gold Min?*.. 400 2 2 1ft 2 + % 1ft 2
2% 1% ? Alaska Junean . 200 2% 2% 2% 2%+ '/a 2'/8 2%
63ft 36"/4 ? Allis-Chalmers .-. 4100 42% 44 42% 423/4+ Va 42% 43
92 80% 7 Allte-Chnlmer? pf... 400 83 83 83 83. - 82 83
95 82 8 Amcr Apr Chem.... 1600 89% 93% 89% 93%+ 2'/4 92 84
96% 89 6 Amcr Agr Chem pf. 1000 93 93 93 93+1 93 96
46'/4 39 3 Amcr Bank Note... 700 43 43 43 43+1 42 45
96% 75 8 Amcr Beet Sugar... 1200 85 85 84!/a 85 + 1 84</2 85
12834 105 10 Amcr Bosch Mogr... 400 116% 116% 114% 114%? 1% 114 116
61% 3834? Amer Can . 14100 47 49% 47 48 +1'/8 47% 48
14334 124!/? 12 Amcr Car & Fdy... 15C0 140% 141 138% 1381/-- 1'/4 138 139
11634 112'_ 7 Amer Car & Fdy pf. 1200 112'/* 112i/4 112% 112%+ % 112 118
54% 39ft 4 Amer Cotton OIK... 300 45% 46 45% 46 + Va 46 47
15'/? 1134 .80 Am Drug Syndicate. 5000 123/4 13% 12% 13%+ Va 13!/a 13%
118 95 6 American Express... 4400 105 108 105 106 + Va 107 112
30% 18% ? Am Hide A Leather. 4000 23% 24% 23% 23%+ Va 23'/2 23%
122 90% 7 Am Hide & L pf.... 6000 109 112 108% 109%+ 1% 109% 111
47 38 4 Am Ice Securities- 200 453,4 46 4534 46 + 1 45% 46
120?/2 87 6 Amer Int Corp. 13600*97 99'/2 97 9?J3/8+1% 98 98'/4
14% 1234 1 American La France. 600 1234 12ft 12%. 12ft? % 13 13!/2
86% 74% 3 American Linsen.... 600 84% 8434 83 83 ? ft 8234 8334
99% 92/2 7 Amcr Linseed pf- 1000 94 94 92 92 ? 4!/2 92 95
105% 82 6 Aider Locomotive.... 14600 101'/2 102 99'/2 99/2? Va 99% 100
30% 16%?. Amcr Ship & Com... 4800 26'/4 26ft 26 26 ? Va 25% 26
72 56 4 American Smelting;.. 12100 6734 70% 6734 69 + 134 69 69'/4
100% 93% 7 Amcr Smelling pf... 200 95 95 95 95 + Va 95% 06
46% 39 3 Am Steel Foundry... 1000 45% 4534 45'/4 45'/4- 45'/4 45!/2
140J/2 1231/2 7 American Sugar .... 200 129?4 129% 129% 129%? 1% 129 13034
99 77 10 Am Sumatra Tob_ 8600 98/2 99 95'/2 95'/2? Va 95/2 96
100% 96!/8 8 Am Teleg & Tel. 400 99ft 99ft 99% 99%? Va 99'/2 99%
283 225 20 Amcr Tobacco . 300 267 267 267 267 ?4 260 270
74% 543?) 6 Am Tobacco Sec... 26100 6734 67ft 65% 65%? 1% 65% 66
97% 92'/2 6 Am Tob pf new. 200 95% 95% 95% 96%- 95 95'/2
165/2 112/2 7 American Woolen... 31400 131 13334 12734 129ft+ 1ft 129/2 130
1051/2 101/2 7 Am Woolen pf. 200 103/2 103/2 103/2 103/a? '/? 103/2 104
61 % 38% ? Amer Writ Paper pf 200 49% 4934 4934 4934+ 234 48/2 49/4
2134 15/a ? American Zinc . 3000 20 20% 18/2 18/2?1/4 18/2 19/4
69/2 50 6 American Zinc pf... 200 56 56 56 56?1 65 68
65/4 54 4 Anaconda . 12600 69/2 61ft 59/8 60+1 60 60%
114 112/g 7 Atlantic Refining pf 100 113 113 113 113 ? 1 112/4 114
6/4 3/a ? Asset? Real Co. 300 4% 4% 4'/8 4/?-- 4 4/8
C7/4 45ft 4 Asso Dry Goods. 200 46 46 45% 45%? % 42 45
125 107 6 Associated Oil . 200 113% 113% 11334 II334? 234 113 115/2
86/2 76 8 Atch, Top & San F? 2100 84ft 84ft 84/a 84/?? Va 84 85
82 76 5 Atch, Top & S Fe pf 600 79/2 79/2 79 79 + /4 78/2 79/2
93 84 7 Atlantic Coast Line. .1000 89% 89ft 89% 89ft- 88/2 8934
176/2 137 10 Atlantic Gulf & W I 10200 157/4 165% l57/4 163 + 6 ' 162/4 164
75 63 5 Atl, Gulf & W I pf. 100 66 66 66 ' 66 + 1 65/4 67
19/4 13 ? Auto Sales Corp.... 700 13ft 137a 13% 13%+ % 13/2 14
303/a 25 3 Auto Sales Corp pf. 100 2o% 25% 25% 25%+ 1/8 23% 26/2
126/4 IO3/2 3/a Baldwin Ucomo Co. 66100 125/4 126/4 121% 121%? 1% 121% 122 .
102!?> 98/8 7 Bald Locomo Co pf. 300 100 100 100 100 - 99/2 100
38% 28Va ? Baltimore & Ohio... 4600 37/8 37% 37 37 ? /8 37 37/8
49ft 42 4 Baltimore & Ohio pf 200 48'/4 48/4 4734 47%? Va 47/2 4734
134% 114 8 Barrett Company ... 800 12434 12434 121% 12434? /4 122 124
HI/2 105 7 Barrett Co pf. 100 10034 10534 105% 105%+ % 100 106
31% 17/2? Beth Motors . 9600 29 30 28 29+1 28% 29
102/2 81'/2 5 Beth Steel, Class B.. 9200*91% 02% 90/8 9034? % 90/2 91
17 10%? Bklyn Rap Tran... 4400 16% 17 15/2 15/-- 1 15/2 1534
13!4 7/4 ? Bklyn Rap Tran ctfs. 400 12 12 11 11 ? 1/4 11 12
15 10 ? Booth Fisheries Co.. 400 11% 11% 11% 11%+ % 41% 12
123 93 10 Burns Bros . 800 105'/4 106 105 105 ?2 102 105
11 Va 7% Va Butte Cop & Zinc... 400 9% 9ft 9/2 9/2? % 9/a 9%
29/4 22 ? Butte & Sup Cep... 3400 20% 27% 26% 26/2+ % 26/2 27
27(4 15 ? Bntterick Co . COO 19 20 19 20+1 19/4 20
28% 17 ? Caddo Oil . 5100 23ft 24% 23/2 2?.%- 23% 23ft
E5/2 74 6 Calif Packing- . 4800 83 8434 81/2 81ft? ft 81ft 82
46 27%? Calif Petrol. 4200 39% 41% 39/4 39/4-39 30/2
75% 65 7 Calif Petrol pf. 100 68 68 68 68 + Va 67/2 70
68 59/2 4 Calumet & Arizona.. 900 63 63 61 Va 62 ? 2/4 62 63
134 115/4 10 Canadian Pacific ... 3800 123/2 124ft 123/2 124 + Va 123% 124
IO434 72 5 Central Leather ... 5600 86/4 88/2 86/4 8634? /4 86% 87
108/a 103 7 Central Leather pf. 100 103 103 103 103 - 102% 103
61% 45% 4 Cerro De Pasco. 8200 50% 53% 60 61 + Va 61 51%
154 II7/2 10 Chandler Motors ... 11200 152 153 147/2 148 ? 3/4 148 149
59% 47 4 Chesapeako & Ohio. 300 58% 58% 57ft 58 ? % 57/z 58
11 4/2? Chic & East 111. .800 11 11 10 11 - 10 11
11 4 ? Chic & East 111 pf... 400 10% 10% 10 10?1 10 10%
10ft '7 .? Chic Great West- 1600 9% 934 9/4 9/4? % 9% 9%
42% 3O/4 ? Chic* Mil & St Paul 2000 40% 40% 39% 3934? % 3934 40
61% 45% ? Chic, Mil & St P pf 700 69/a 59% 58% 68/4? 1 58% 58%
91% 75 7 Chic & Northwest.. 100 89% 8934 89% 8934- 88% 89% ?
12034 113 8 Chic & Northwest pf 100 116% 116% 116% 116/2- 116 118
41% 23%? Chic, R I & Pac_ 6800 38/4 39 37 37%? % 37% 37%
78 64% 7 Ch, R I & P 7% pf.. 100 76% 76% 76% 76%+ /4 76% 77
66% 54 6 Ch, R I & P 6% pf.. 200 66 66% 66 66%+ % 65% 66
55 42 ? C, C, C &. St Louis.. 400 64 64 63 53 -t 2 48 55
68 63 5 C, C, C & St L pf... 300 67% 6734 6734 67%+'3% 65% 68
21% 15%? Chile Copper . 7800 13% 1834 18 18 + % 18 1838
41% 37% 1/2 Chino Cons Copper.. 400 35 35 35 35 + 1% 34% 34%
40% 33% 1 Coca Cola . 2800 35% 36 35% 3534- 35% 3534
44% 36% 3 Colo Fuel ?S. Iron_ 700 38% 39 38% 39 ?1% 3834 39
65% 36% 1 Columbia Graph..... 56C0 45% 45% 43% 43ft? 1% 4334 44
92% 89 7 Columbia Graph pf.. 300 90 90
67 53 5 Col Gas & Electric. 1000 59% 60
68 65% ? Consol Cigars . 900 67% 67% 67
83% 75 7 Consolidated Gas. 1000 87% 87/s
20% 16% 2 Cons Int Call Min .. 400 18ft 18ft 18% 18%
93% 78 7 Continental Can _ 800 86 87
13% 10% 1 Continental Candy*.. 700 10% 10% 10% 10%
94% 76% 4 Corn Products . 20600 94% 94/
31% 21% % Con Textile . 2900 29% 31% 29% 30%+ 1ft 3034 31
59ft 55 6 Crcx Carpet Co-. 200 ?9% 59ft 59ft 59%+ 1ft 58 63
255% 189 12 Crucible Steel .28100 249 252 231 232/2?12% 232 232%
100 96% 7 Crucible Steel pf- 300 98 98 98 .98 ? % 96% 983-4
54% 39%? Cuba Cane Sugar- 1800 45% 45% 44ft 44ft? % 44% 45
9 6 ? Denver & Rio Or_ 700 7% 8% 7% 7%? % 7% 7%
16% 9 ?""-penv & Rio Gr pf.. 200 14% 14% 14% 14%? 34 14% 14%
104% 104% 8 Detroit Edison . 10 104.% 104% 104(V2 104%- 104 107
13 10% 1 Domo Mine? . 400 12 12 1134 1134? 34 1-134 12
147 99 5 Endicott-Johnson ... 4CO*108 1083-6 107 107 + % 106% 107%
15% 9% ? Erie . 300 14ft 14ft 14% 14%? % 14% 14?4
25% 17% ? Erie 1st pf . 1000 24 24 23% 23%? ft 23% 24%
9b 65/8 8 Famous Player? _ 1400 78% 78/4 77% 77%? 1 77' 79
HJ% 86 8 Famous Players pf.. 100 89% 89% 89% 89%+ 1% 87% 89%
36 26% 3 Fed Min & Smelt pf 800 35 36 35 3534+ % 34% 35%
135 100% 10 Fisher Body . 200 129% 129% 129% 129%+ 4% 125 130
108% 97% 7 Fisher Body pf. 1000 108% 108% 107% 107%+ 2% 106% 107%
48 33 3 Fi.sk Rubber Tire... 1600 37% 37% 36% 3634? /? 36% 363-4
S6% 21 ? Freeport Texas . 6100 28% 2834 2634 26%? 1% 2634 27
19% 12 ? Gaston Williams ... 200 15% I534 15% 16%? % 15% 15%
192 175 8 General Chemical Co 1000 189% 191 189% 191 + 1 185 192'
172 152% 8 General Electric Co. 700 163% 165% 163% 165%+ 234 1653-4 168
345 225% 12 General Motor? - 11900 32634 333 321 322 ? 2% 322 322%
33% 24/2?? Gen Motors ctfs- 15100 32% 33% 31ft 32%? % 32% 32%
85% 69% 6 Gen Motors 6% deb. 1600 75 75 74 74%? % 74% 74%
90 84 7 Gen Motors 7% deb. 1300 87% 87% 87% 87%+ 1 87% 88'
85ft 64% 6 Goodrich, B F. 2600 72% 72% 71% 71%? ft' 71% 72
!0234 92 7 Goodrich, B F, pf... 200 95 95 95 95 + % 95 " 66
55% 36 ? Granby Mining .... 400 40% 40/2 40% 40%? 1% 40 40%
4934 31% 2 Gray Davis . 200 34% 34% 34% 34/2? % 32 3 +
84% 68/2 7 Great Northern pf. . 4100 84 8438 82% 82ft? % 823^ 83*
41 33 4 Gt North Ore subs.. 45?0 38ft 40% 38ft 39%+ 1% 39% 3934
33 28 ? Gulf Mob & Nor pf. 200 23% 28'% 28!', 28%? 1% 25 28%
84ft 5734 ? Gulf States Steel ... 400 69ft 70 " 69ft 70 + 2 68% 69
63% 50 4 Has & Bar Car Co.. 400 62 62 60% 60%? 1% 62, 63
39 30 ? Hendeo Mf?r . 203 3D 39 39 39+1 39 39^
16 13 ? 1 Hupp Motors . 4100 15% 15ft 153Q 15ft+ 34 1,554 16
9334 80?-9 7 Illinois Central - 400 92 92 91% 91%? % 91% 92%
24 18%-' Inter ABricult . 1600 24 24 23% 23%+ 1 23% 23%
83 69 5 Inter Agricult pf... 200 80 81 80 81 +? 1 81 ' 82%
6134 60% 6 Inspiration Cop - 7600 55% 57 65% 55%- 65% 56
4% 3% ? Inter-Cons Corp - 1600 4% 4% 4% 4/2- 4% 4/a
16% 9% ? Inter-Cons Corp pf. 2000 15ft 16 15 15 ? % 15% 15%
135 112% 6 Inter Harvester - 1000 128 128% 125 12834+ % 126 128ft
115 110% 7 Inter Harvester pr. . 100 111 111 111 111 - 110% 111%
51ft 27%? lnt Merc Marine... 4600 3534 37% 35% 36 + % 36% 35%
111ft 76% 6 Int Merc Marine pf. 3000 91% 93 91 91 _. % 9114 911/
89% 7034? Inter'l Paper . 18600 85 87% 84% 86%+ 2 86% 87
79ft 70 6 Int Paper pf atpd... 200 76 76 76 76+1 75% 76
2634 1934? Inter'l Nickel . 4900 21ft 22% 21% 21%? % 21% 21%
51% 35% ? Iron Products . 200 44 44 43% 43%? % 43% 4474
21% 14 ? Jewel Tea . 200 15% I534 15% 1534? 2% 16% 17
48% 3934? Jewel Tea pf. 200 40% 40% 40% 40%? ft 40 42
19/2 13ft? Kansas City South .. 100 17% 17% 17% 17%? % 1,7 18
152% 106 4 Kelly Spring-field- 2900 123 129 127 122 +2 126 128
105 96 ,8 Kelly Spsrfd 8% pf... 200 100 100 1C0 100 _ 99*4 105
33% 2T3>? 2 Kennccott Copper... 7600 31 31ft 30% 30%? % sos! 303;
48% 24ft 1.20 Keystone Tire . 1900 33% 38% 36% 37?1 37 371A
913,4 63 6 Larkawanna Steel .. 1600 73% 74% 73 73 _ 1 -?3 733
22% 18 ? Lake Erio & West pf 800 22% 22% 22% 22%+ % ?91/, 22X?
38ft 28 ? Lee Rubber & Tire. 200 34% 34% 3434 34%? % 34 343?
47% 40% 3% Lehigh Valley . 200 47 47 4.6 46 ? 1 4fi 47
?07 164ft 12 Lig & Myers Tob Co 300 170 170 170 170 _ 167 175
16% 1538 ? L & M Tob Co its 300 163/3 16% 16% 163.a? y _ _
32 25% 2 Loews, Inc . 7800 31 32 30% 30%? % 30/, 31
28 17/a ? Loft Candy . 400 19% 19% 19% 19%? % 19 1,93'
70 45 ? Loose-Wiles Biscuit . 1700 57% 60 57% 67%? % 57 60
I8334 145% 12 Lorillard, Pierre ... 700 164 164 162 162 _ 161 162
112/2 98 7 Louisv & Nashyillo. 200 105% 105% 105% 105%? 2
64 61 4 Mackay Cos pf. 200 63 63 63 63 _
136/4 108 10 Manati Sugar . 2000 114ft 115 114ft 115 +8
48 39% 7 Manhattan Elevated . 200 47 47 47 47+1
33% 28 ? 'Manhattan Shirt ... 300 31% 31% 31% 31%_
35% 12%? Maxwell Motor ...*.. 1000 31% 31/2 28% 28/8
63% 47% ? Maxwell Motor 1st pf 1200 58 58 58' 58 ?
107 103% 7 May D?p't St pf- 1600 103% 103% 103% 103%
222 161'% 10 Mexican Petroleum. . 24100 190 195% 188 183%4- ?Z -?88% 189
26 21% 2 Miami Cons Copper.. 400 23% 23% 23% 23%-t- % 22'A 233-?
71% 22% 1.20 Middle States Oil... 52400 37% 38ft 31% 32%? 5% 32% 32*?
52% 42% 4 Midvale Steel . 800 47 47 46% 46/2? % 46/! 46a!
80 63 7 M, St P & S Ste M. . 200 80 80 80 80 _ 75 80
60 50 5 M, St P, S St M, 11 200 56 66 55 55 _ 55 68
11 6 ? Mo, Kan & Texas... 400 10 10 9% 934? 14 9% 10
31% 21 ? Missouri Pacific - 900 29% 29% 29% 29%- 29% 29%
49% 36 ? Missouri Pacific pf.. 100 46 46 46 46?1 46 47
69% 61% 3 Montana Power .... 700 66 66% 66 66%+ 1/a 66% 67
61 86/a 4 Mnllin? Body . 4600 44% 46% 44% 46%+ ft 46% 48%
38% 36% 3S4 National Acme ..... 400 36% 36% 36% 36%? % 86% 37
lay in listed Stocks
Record of Stock and Bond Averages
(Copyright, 1920, New York Tribune, Ine.) m
Kane? thus
Day
Yesterday. Before.
20 Railroad ?lock. . 68.00 68.40
30 Industrial stock? . 89.07 89.07
50 Stock? . 86.64 86.80
10 Railroad bonds . 73.43 73.62
10 Industrial bond?. 88.98 89.03
6 Utility bond? . 73.96 73.76
25 Bond?. 79.76 79.80
Tear
Ago.
71.95
88.33
82.38
80.35
94.81
85.84
87.23
far 1920.
HUh.
68.70
110.30
92.06
76.28
81.48
74.63
81.71
Low.
58.60
88.70
77.14
71.76
88.80
73.48
79.48
Range full
year 1919.
High, Low
78.80
119.33
99.64
82.80
96.70
87.75
87.91
63.35
79.20
75.92
72.83
90.66
71.80
80.21
High. Low. Dlv.
1020. 1920. Rate.
116 111/4 7 National Biscuit pf.
National Aniline ...
National Aniline pf.
Nat Con & Cabio..
Nat Enamel & Stpg
Net
72% 44 _
89% 83 7
12 8 ?
89/2 66i/a 6
86/4 72?4 6
110 105 7
17% 14 1
4734 39'/a ?
77 Vz 64/4 5
61 55 8
Bales. Open. High. Low. Close, cbge. Bid. Ask.
200 114 114 114 114 + 1 114 116
2400 64% 66% 64% ?6/4+ 1% 64 65
800 88!/8 87% 86 !/2 87/4 + 2/4 88 '/a 88
300 11/2 11!/_ 11.2 11'/z? % 11% 11%
700 78'/a 78% 77 77 ?.% 77 78
Natlona? Lead .."'." '. 2600 81 % 82% 80/2 80%*
80/2 81,
100 105
200 15
400 47
National Lead pf. ..
Nevada Consol Cop..
New Or, Tex & Mex
New York Central.. 3000 76
N Y, Chi & St L 1 pf 400 60
48% 30 2/2 New York Dock_
3634 23'/a ?
700 36
100% 88
68 50
84% 68/4
77(4 50%
50% 38%
6% 4%
142 120
41% 28 ?
38% 31 1
ios.:;. 7134 6
1031/3 6734
47^2 37
"/z
43%
3534
94
32
68
40 3
20 ?
90 7
23/2 ~
_162 5
42 Vz 34% 3
80% 50 4
E2% 4834 ?
23/4 15% ?
98 89 8
03% 511/4 5
30% 21 Vz ?
27% 16 1
103% 84 8
118% 109 8
96 74 5
102 89/4 8
10634 10334 7
2234 17/4 1
88 Vz 64% 4
35/a 33/4 2
94 62% ?
124% 84% 6
105 105 105 ? 3 IO434 108
15/4 15 15/4+ Vz 15 15%
47 46 46 ? 1'/a 46 47
76% 74/a 76%? Vz 75% 7534
60 60 60?2 60 65
136'/. 35/a '35!^? 1'/a 35 36%
N Y, N II ?. H. 3900 35/2 36>/8 35'/, 35/8- 35/8 35/4
Norfolk & West_ 400 9634 9034 9634 9634? /4 96 96%
5 North American ... 300 63 63 63 53 - 52 65
7 Northern Pacific ... 3000 83% 84% 83/2 83%+ % 83/a 83%
5 Nova Scotia Steol... 300 63/4 6334 63/4- 6334 + /4 62% 63/2
4 Ohio Go? . 4600 46 47/8 46 46 + % 4534 46
Va Okla Prod & Refln.. 2000 634 534 6% 5%- 5% 534
5 Otis Elevator . 100 138 138 138 138 ?1 138 140%
- Otis Steel . 900 29% 29% 29 29 ? Va, 2834 29/2
1 PacilJ* Mail . 300 3134 3134 31 31 ?.3 31 34
Pan-Amcr Petrol ... 29600 97 99/z 96/2 96%+ /a 96.4 96/2
Pan-Amcr Petrol B.. 1600 91 9234 90 90 + Vz 90 91
Pariah & Bingham.. 400 42% 42% 41 Va 42%+ Vz 4234 43
Pennsylvania R R.. 2600 43 43/8 42% 42%?? 42% 43
Penn Seab Steel. 3900 25% 27% 25% 26 + % 26 27
Penn. I C pf. 100 90/8 90/8 90/8 90/8- 90 92
P?re Marquette .... 200 29% 29% 29/a 29/8? % 29/8 29%
Pero Mark prior pf. 200 65 65 65 65 ? 1 65 67
Philadelphia Co _ 8600 39
Pitts, C, C & St L. 900 75
Pierce Arrow . 2600 65
Pierce Oil . 1800 19
Picrco Oil pf. 800 94
Pittsburgh Coal _
Pitta & West Va...
Pond Creek Coal....
Pressed Steel Car...
Pullman Palace Car
Punta Alegre Sugar.
40 38% 38% + % 38% 39/2
76 75 75+1 75 76
65 Vz 63/4 63%? % 63% 64
19/4 18% 18%? Va 183/a 18/a
94 94 94?1 94 95
300 59% 69% 69% 59%? % 58/a 59/4
400 29/8 29/8 2834 28%+ Va 28% 29
200 I8/4 1834 I8/4 1834+ % 18/a 18?4
3600 98/a 99 98 98 + % 9734 99
400 115/a 115/a 116 115 ? Va, 115/a 116%
1600 81% 82% 81 82 + 1% 8134 82
Railway Steel Spring 1000 99 89% 99 9_%+ % 99% 99%
Ry Steel Spring pf.. 100 106/a 106/2 105% 105/?+ 3/4 105/2 107
Ray Consol Copper.. 1400 1834 18% 18% 18%+ % I8/4 1834
Reading .'26900 87% 88% 85 85%? 1% 86/4 85.4
Reading 2d pf. 200 86/4 35/4 35 35 ? Vs. &i3? 35%
Rem'n Typewriter... 700 78/8 7934 78/a 78/8+ 1/8 78 79%
Rep Iron & Steel_19100 95/3 96/4 - 94 94/a- 94/4 94/2
110% 93% 6.50 Roy Dtch, N Y sh... 21GO0 102% 103 100/2 10034? % 100% 101
21% 13%? Saxon Motors . 9800 18% 18% I734 1734? /a 17% 17%
16% 14/2 1 St Joseph Lead. 100 16% 16% 16% 163,?+ % I6/4 17
2534 15% ? St Lou & San Fran. 1600 24% 24/4 23/2 23%? Vz 23/4 24
30^ 21 ? St Lou & Swn pf... 200 29/2 29/2 29 29 ? Vz 28 29
240 214 8 Sears Roebuck . 100 234 234 234 234 - 230 235
13 10% 1 Shattuck & Ariz._ 800 11% 1134 11% 11%?. \/\ H/2 11%
90/4 73% % Shell Trans Ter. 9600 79/2 80% 78/4 78/4+ /4 78/4 73%
43% 34%? Sinclair Oil ..._31600 43% 44% 42% 42%? % 42% 43
82
105?
43/4
85/,
64
_! 88/a 6
26% 18 ?
58 Vz 50 6
39 8
_?60 4
115% 8O/2 7
163 100% 5
12/4 9% ?
231 16G/? 10
43% 25 ?
207 158 ?
221 205 8
95% 61 6
38% 20 ?
Sloss-Shef St & Iron. 3400 7334 75
Southern Pacific
Southern Railroad
73
_ 73 ? /a 72 73
27800 .100/2 101/2 100 100 + Va 100 100%
3600 2434 25 24/2 24%? Va 24/2 24%
South Railroad pf... 1600 58/2 68/2 68 68%- 67/2 58
Stewart Warner ... 200 42 42 42 42+1 41 Vz 42
Strombcrg Carb ... 3600 72 72/2 70 70 - 70 70/8
Studobaker . 461C0 IOO34 102% 100% 100%+ 2 100% 100%
Stutz Motor? . 80O 15l/8 163 149
Tenn Cop & Chem... 400 11 11 11
Texas Company _38100 209/2 219% 209
Texas & Pacific_ 8100 43/4 *Z% 41
Texas & Pac full pd 400 207 207 207
Tide Water Oil. 300 221 221 221
Tobacco Product? ... 6100 70% 71 Vx 69/4 69/;
Trans Con Oil. 33100 27% 28/4 26/2 27
152 + 3/4 162 154
11 + /a 1034 11
209 ? 2/2 209 210
41 _ 1% 41 411/
207+6 ? ?
221 +12 210 225
69% 69/2
34 26% 27
35 28/4 2/2 Twin City Rap Tran 200 31 31 31, 31 ? 1/2 31 32
38 27%? Union Oil . 8100 34/2 34/2 33/2 33%? % 33/2 33%
125/2 110 10 Union Pacific . 8800 122 123 121/2 121/2+ % 121/2 122/.
69% 65 4 Union Pacific pf_ 200 66 66 66 66?1 66 67
130 130 6 Unit Cig Stores of A 100 130 130 130 130 ?50 115 215
53 48% 3/2 United Drug 1st pf.. 200 50% 60% 50% 60%+ /8 6O/4 51
40/2 4 United Alloy . 400 45 45 45 45 - 44% 45
United Fruit . 8100 203 206% 203 203 +1 202 203%
United Ry Invest... 4600 13 13% 12% 12%- 12/2 12%
Unit Ry Invest pr.. 6600 27% 28/2 27/2 27/2- 27/4 27/2
U S Cast I P & Fo. 500 18% 19 18/8 18/8? % 18/8 18/2
U S Food Prod. 2000 69/2 69% 68 68/4? % 68 69
U S Ind Alcohol_21900 96/2 98/2 95/4 .5/2? /8 05/2 96
U S Realty & Imp.. 6000 63 64% 52% 53 - 62 53
Un Retail Stores_ 10100 76 76% 75 75 ? % 75 75%
Un Sfates Rubber... 26100 109 109% 106/2 107/4? % 107/8 107%
U S Rubber 1st pf.. 200 111% 111% 111% 111%+ Vz 111% 112
U S Smelt & Ref_ 1900 69/2 70 69/2 69%+ % 69 69/2
U S Steel. 42700 99% 100(4 98/2 98/z? /2 93/2 98%
53
206% 176 12
13% 834 ?
2934 20% ?
25/2 1534 ?
78% 533/a 2
116% 77/2 8
40 ?
64 3
66%
56/
14334 91i/4 8
115/a 110 8
76 61 Vz 6
109 92% 5
115% 1C9%
80
?__
60 40 ?
,109% 7 U S Steel pf. 800 113/4 113/4 112/2 112/2+ /8 112/2 113/4
% 62% 6 Utah Copper . 12100 73/2 7534 73/2 73/.+ Vz 73/2 74/2
% 9 ? Utah Secur Corp_ 1600 10 11 10 11+1 10 11
40 ? Vanadium Steel. 14900 59/3 60 67/8 57%? 1 67 63
74% 59/8 4 Va-Caro Chemical... 2300 72% 7434 71 Vz 73% + 2 73/2 74^'
112/2 107 8 Vu-Caro Chem pf_ 800 110% 110% 110% 110%+ 1/s 110 111
1Q/2 7/3? Wabash . 200 9% 9% 9% 9%+ % 9% 9?
31 20%? t Wabash pf A. 800 ' 2814 281.., 28 O? ? 1 . . .*?<
57 49 ?
12% 8% ?
271/2 20% ?
89 82 7
119 1C6 7
?5/a 43 4
82/a 6*1 5
14/8 9/4 ?
60% 49 4
32 22% 1
D3 86 7
?5% 67 6
*Ex dividend
mmmmmmmmmmmmmm -.? 9%
800 28/4 28/4 23 28 ? Vz 27% 23
400 55 55 54 54+1 54 63
200 11 11/4 10% 10%? %?10% 11
700 25 25 2434 2434? /4 24'/2 2434
300 8734 8734 87% 8734? 1/4 87/2 88
800 109% 112/2 109 % 112% + 2% 112/2 115
1000 53 63 52% 6234? % 52% 5234
76 75 75 ? '/h 74% 75
_ 12%
_?- Vz 68% 59
2434 25 ? Vz 24'
Wells Fare? Express
Western Maryland..,
Western Pacific ...
Western Union Tel.
Westing Air Brake
Wc.stinjrhouse Mfg .^^^^^^^^?
Wilson Co . 900 75% . > ._ ,v ? /4 ,*y.
Wheel & Lake Erie. 200 12% 12% 12% 12%? % 12/
White Motors .' 1600 59 59% 58% 69 -I- Vo 685,
Willys Overland _ 8600 25/2 26
Willys Overland pf. 400 87 87/2 87 87/8? Z*"a 87
Worth Pump & Mach 2200 81% 83 81/8 81/8? % 81
25%
88
81%
id and Asked
Bid. Asked.
?%W?W S" 68HIK & D M pr To'
Bid. Asked.
_* ,Ji-'et b ?r- S?V4 01
4 ? S i Ey.lOO 101
. ''-' pr .203 ?
Am Can im*. 98 no
A U & E pr.lll
A Cut UU pr ?
Am I/oco pi*. 101
Am MaJt ft G 81
Am B hlpbldg. ?
Am .must pr 95%
do pr A.... SO 82
Am Suua ..ai'J 117
?JO pr . 80 UO
A St Fdi-y pr 89% 01
Am Sugar pr. 114 11.
110
106
126
0(1
153
103
?res.8 S a ..Icio
do Pr .102
Ivre, s <ft Co.. is
, ?o pr .lou
i.acloilo Gas... 43
i ii? .SI Pr.100
L.-W 1! 1st pr 99
do 2d pr...uo
l.un lanl pr..lo4
Mackay Cos... ?5 (1
Manat? Suirar.113 115
Manhat Bead? JA 2*Vi
ManhatA El... 48 " ?I*
Martin 'i'axry. 25 26$
49
105
103
127
113
?_? S?.J? . pr 8,JV4 i-?V4 -}.*uc M 2d Pr 25% 23
Am It-1 ft O. 48 ,63 ?May I'ept Bt. 125% 127*
Am Zluo pr.. 55 G8 Mm Pet pr.. 05' loo
A D G 2d pr U0 70 Mich Centjral. 85 ?
AC Blr .Si A syt 8% M ft S lj new 17 17 V.
Bar Leather.. 68 65 ?MSP&SSJI pr. ill 9.
do pr . SS 95 ?Morris ft Es. _ s3
Banott Co pr.100 105?;* .luLlins Ry pr 07
BatopUaa M.. 1 lVi|Naah & Chat. 10.
_ - h Steel .. S7 SS
Bku Edison.. 95^ 117
ISkn Vu (las. 55 68
Brown Shoo.. 85 <,_
do pr . OH ft.
Burn. Brs pr.107 115
Bnmawluk ..IV. s
Buff 11 ft P. 60
do pr ..... ?
Buff & Sus.. ?
do pr .?.
Busn Term... ?
2al ft Ariz... ?a
Can southern 41
Cue J I pr.. 98
Cunt Ftfcry... 18
do pr ..... 80
? _ ??_,..?? 113
-Nat Biscuit.. .115V4 120
Nut C'l ft 8. 72 7*i
do pr *.95
N El ft S pr. 08
NUB M 1st pr ?
do 2d pr... 5
N * ? & s L 83 ?,
do 2d pr... 4914 52
?N Y Dock pr 50 63
ft \V 85
100
34 ?
100 ,-? --?
69% N JL 4
Ceu of N j/lfil
CSU ?W.110
Certalnteod .. 52
do 1st pr... 80
Oil & Alton. 0
Chi Pneu Tool 00
Cl ft Pitts... ?
CSP . . & O 60
clo pr ..... 90
Cluett Pea pr.loi
2il5
114
11
ft?
80
70
105
in:?;
Norfolk ft So. 21
Norf ft w pr 68
Mag F p jt_.
Ohio Fuel .. 60
Otis Kiev pr. SO
OtU Stool pr. ?
Owens Hot it. 53
T do pr . 90
Pacido Coast.. 25
do 2d pr... 45
Paciflc Oevol.. 69
Pao Tel ft TU
P Am Pet pr.175
Pooria ft E.. 15
l'cro Mar pr. 49
Petti Mulli... 40
do 1st pr... 95
jiueu fea pr. 101 102a; ?,-??;? *f; vr... -j-?
J F 4 1 pr. - 1:5 '*"?.. Cot? w 89
3ol ft So .. 25% 20 i\,J\ g ? ?-12_
do 1st nr... _1 un lu_? >tcol pr. 88
Col .^^^^
do 1st pr... 61
do rd pr... 43 60
C-mt can pr.100 los
Cont Ins Co. 70 7.S
Corn Prod i>r.l05V? 107
Cuba Am Su.400 42n
do pr,.101 110
Detrre Co pr.. 9Svi 101
Del & ITud.. 93 100
U L ft W...1S,-, 193.
Be* IiU.on..lO? li*
Dat Un RU. ? lOOfclSe?rs "Boo "nr'l??
Diamond M...120 130 S-S S 4 Id'/
U .B S ft A. 4% 5% S P R SU??.200
00
101
62
101
113
92
124
91
P & VV Va pr .?
?SIC? pr.l?l 103
r ' ?, N J- 60 ti8
Item IV pr... 9414 08
? do 1st pr... 93 98%
Reusaehuar ?**1-t>- lOo
?t I & S pr 98 Q?*L
Rep Motor Tr ti 45
^t I, Sw ... 16 17
?Val, A I, ... R14 9
30 P" . 18 IS?
US
10
do pr ..... 7
Du main Iloa. 54
do pr . 9?
Elkhorn Coal. 21
do pr .37 40
Em Brandt... 21 25
do pr . 82H 83
EjhTi Vonn pr.lOOVj M4
Krie 2d pr... 16
Ke.V M ft 3. 14
d(.
ioa
CO Standard M??132 160
101 I do pr . so .0
Stud?baker pr.100 120
hup Stoel pr.l?OV? 103
T ft P Id tr.275 COO
Tidewater 011.205 ?13
,?,J?<* ?''"*i pr. 93 96
WJ4TS?, ft VV ctfs 11 18
15V4 do pr otfs. 18 23
Fisher Body.. 125 130 ?T O H T pr ?
(ion Chem pr. 93 07 >i .Cn .erwood T.167
Gn Cl? pr aeO 8" .90 | do pr .?
Gen Motors pr 70H 81?S ti Clg St pr.107
<i M & No. 7 10 IL'nlteU Dmsr..l34
(} S S 1st pr 9014 or i do 2d pr...l3Q
Hartman Corp SOVa W?4 U S Express.. 30
Homeetaka .._
Int -Motor Tr.loo un
do 1st pr... 72V4 75
Int t'aper pr ... 100
Int Nickel pr SOU, 87
Int Salt ....874 "0
Iowa Central. 5 ?
.lo'-.i-s Tea ... 24 20
Ivwser ,t ...105 115
KCKSAM ' pr. 53 ?3
Ke?y Spr pr. 93
Kolaoy Wheel. 72
do pr .96
Ki-ok ft D M. 4
81%
V S I Al pr 97 104
V S S ft It pr 47',. 4??4
Va I C & V SO SS
Vulean I'etln. 24 26
do pr . SS 90
Wabash i*r is is 20
? ?Wist Md 2d pr 15 19
20 West Pao pr. 61% 63
r. Wewfso M lit. 64 '=-?
63 \VH., .1 Co pr 95
9n%;Woo!worth ...123
SO do pr .no
9 . \VP ft M pr A 85
7 ' do pr B_ 73
97
hi*
W, J. W?b?t_r, J. P. Van Loar, W. A,
Layfleld. Leonard Richards Jr. and Inland
Lyon hnv? been ?lecfeed directora o? the
Atlas Powder Cornpafit.
Stocks Ex Dividend
Mar 17?American Can pf. 1.?;
Mar 19?Amer Toi & Tel. 2
MarlS?American Woolen.... 1%
Mar 22?Barrett Co pf. 1%.
Mar 16?Bethlehem Steel. ?U
Mar 20?Commerce, Nat Bank. 2'u
Mar 19?Continental Can. ].\
Marl9? do pf. 1%|
Mar 20?Durham H M T Cl B. % and Vi ex
Mar 20?General Electric. 2
Mar 20?Kress, S II, pf. 1%
Mar 18?Manila Elec R R & Light_ l'a ;
Mar 20?Middle States Oil temp.10c
Mar 20?M St P & 8 S M leased lines. 2
Mar 19?National Surety. 3
Mar 18?Nortfy American Co. j i?
MarlO?Northern Palillo Ky. l'%
Mar 20?Otis Steel pf. i\
Mar 20?Penney, J C, Co temp pf. 1%
Mar 20?Pettibone-Mulllken 1st pf.... 1%
Mar 20?Pierce OU % per cent pf.... 2
Mar 17?Railway Steel Spring. 2
Mar 18?United Cigar Stores com stk.10
Mar 20?United Fruit. 3
Dividends
Extras
Indlahotna, Refining Company?An extra |
dividend of 2 per oent has been declared in
audition to the regular monthly dividend I
of 1 per cent, both payable April 1 to i
stockholders of record March 21.
Texas Pacific Coal and Oil Company? i
An extra dividend of 5^ per df?iit has been :
declared in addition to the regular quar- !
terly dividend of 1 % per cent, both pay- j
ablo March 31 to stockholders of record |
March 20.
Waldorf System?Extra dividend of 6
per cent In stock has been declared In ad?
dition to the regular quarterly common
dividend of 25 cants a share and the pre?
ferred quarterly of 20 cents a share. The
extra dividend Is payable May 1 to stock?
holders of?record April 20 and the quarter?
ly dividends April 1 to holders of record
March 20.
Increases
American Suroty Company?The regular j
quarterly dividend has been increased !
from 2 to 2^ per cent, payable March 31 to '
stockholders of record March 20.
Regular Declarations
Stock- ?
Period holders of |
Rate Payable Record :
Aeol, Web P. pf.. 194 Q Mar 31 Mar 20
A-ollan Co pf.... 1?? U Mar 31 Mar 20
Ahmeelc Mining.. .50 Q Mar 31 MarlS;
Bal Tube pf....$1.75 Q Apr 1 Mar 20
Bank of N Y.... 5 Q Apr 1 Mar 22 I
Bankers Tr Co... 5 Q Apr 1 Mar 20
Barnet Leath pf* 1% Q Apr 1 Mar 25 ;
Beach CkRR... .50 Q Apr 1 Mar IS |
Boston Elev Ry..$1.25 Q Apr 1 Mar IS i
Can I P Ltd 8s pf. 2 I - -?
Ccn Union Trult. fit* Q Apr 1 Mar 20 ,
Con Mills pf..... 1% Q Apr 1 Mar 20 !
Day Pow & _ pf. IV, Q Apr 1 Mar 20 ,
Die Prod pf.... 2 Q Apr 15 Ma r 81
Del Tr & Rub pf 3 Q Apr 1 Mar 20
Empire Trust.... 3 Q Mar 31 Mar 2 0
Pry Rub Co pf... 2 ? Apr 1 Mar 20
Indian Packing.. .25 Q Apr 1-i Mar 30
Laurence Pet.... 1 ? M Apr 1 Mar 20
Manhattan Railw l?i Q Apr 1 Mai-22
1 Mon Val Tr pf. .. .37 ? Q Apr 7 Mar 31
j Xipls Minna Ltd. 5 Q Apr 20 Mar 31
! Old Col Wood M. 2 Q Apr 1 Mar ?3
do pf. Is; Q Apr 1 Mar 2:1
i Osceola Con Min. .50 ? Mar 31 MarlS
i Ph & Wi-s R pf 1U Q Apr 15 Mar 31
! Ridge AV P R_$3.00 ? Apr 1 Mar 15
Tec Oil & Gaa... 1 M Mar 30 Mar 15
New River pf_$1.50 Ac Mar 30 Mar 20
Weber Piano pf.. lii? Mar 31 Mar 20
Toward C M pf.. 3?iS-AApr 1 Mar 20
U S Trucking_$1.67 I Apr 1 Mar 20
? ... . . ?
O??orge J. Corbett, assistant aeoretary
of the Central Union Trust Company, has
been ?looted a vice-president of that
institution.
In ^[^^eei !
Hammering Middle State?
It was a case of thumb? down on
Midd'lo States Oil yesterday so far as
the professional traders were con?
cerned. They singled Middle State.
out early and went after it hammer
and tongs, driving tho stock down to
a low of 31% compared with a close
of 37%. on Monday. It ended the day
at 32%, off 5% points net. Out of ap?
proximately 50,000 shares of Middle
States sold at the exchange one inter?
est was credited with having sold 25,
COO shares during the course of the
five-hour session. While considerate
long htock was forced out on the brean
market observers were of the opinion
that much of the selling of S iddlc
States was for the short account. IJus
was borne out by the fact that there
was an unusually active deman?. fot
the stock in the loan crowd. While
ether industrials were loaning at i
per cen'?'iddle States was held at i
per cenfBr 2 cent below the average
rate. It ?vas pointed out in conncc
tion with the break in the stock thai
should Congress put through legisla
tion taking*stock dividends and making
such a tax retroactive?most Wal
Street people did not believe such a la
would be constitutional?nie Middle
States Corporation wojald be adversely
affected, since the company ha3 beer
disbursing stock dividends with grea
regularity for a year past.
"What Do Yon Think of the Markei?"
An outside trader: "Wall Street il
getting too bullish. Tips are gettin?
too plentiful again. It's about time t
sell 'em again."
Picrce-Arrow
Stockholders of the Pierce-Arroi
Motor Car Company will shortly re
ceive copies of the annual report cov
ering operations ended December 8
last. The report will show, it is un
derstood, net profits of around $1 800
000 after deductions on account c
Federal taxes. After preferred div:
dends that would leave about $1,000,00
available for the common stock, o
around S4 a share. In 1918 the coa
pany earned $7.86 a share on the ?on
mon. The poor showing made by th
company last year is not news to th
financial district. . It has been know
for several months that Pierce-Arro
suffered severely from the tran?itio
from a war to a peace basiB, whic
made necessary the passing of th
common stock dividend.
A Prt?diction
The pool in Saxon Motors continue
its operations yesterday and the stoc
was pushed to 18% early. Afterwarc
it receded with the rest of the marke
closing at 17%. Saxon sold as high ?
19 on Monday's bulge. C. A. Pfeffe
president of the company, was cr?dite
yesterday as predicting that the eari
ings of Saxon this year might run. i
high as $1,000,000.
American Vanadium
Directors of the American Vanadiu
Corporation are scheduled to meet t
day and it would not surprise the Stre
t,o see them declare an initial divider
on tho stock, although in some qua
ters no action is expected until tl
next meeting early in the summe
Vanadium has been one of the stron
est spots in the market on the recove:
of the last few days. Yesterday
touched 60, an advance of about
point.% from the recent low. Estim?t
made earlier in the year that the coi
pany would earn around $12 a sha
j on the stock in 1920 are being revise
; it is learned, and those who claim
'' know say that earnings will run clos
to $20 a share.
Words of Admonition
A stock exchange house which is i
clined to be conservatively bullish i
the market outlook told its customc
yesterday "not to wait for too h
profits or too long in taking them, ev
if you don't get the highest fig'ures
especially in the industrials." It al
handed out other advice: '"Don't g
hung up on top in the industrial pj
of the list particularly. Cost of pi
duction shows no indications of c
creasing, nor is it likely to until aft
the elections. Politics will cater to t
labor vote. Remember this is Pre
dential year and we can only rec
one, the McKinley boom, when the
was a real bull market."
Standard Oil Rumor
Wall Street heard yesterday that 1
sensational riso in tho market va
of Standard Oil of New Jersey sto
which has sold this week above $L?0(
share, setting a new high record,
based upon plans by the managem?
for the declaration of a 400 per c?
common stock dividend. It also lean
by the rumor route that $100,000/
of common stock might be offered
'the public for subscription at par.
the offices of the company these
ports were categorically denied.
terests in close touch with Stand
Oil affairs insist that some import
development with regard to a re
justment of capitalization to ace
more closely with the compai
swollen assets is close at hand, ?
will likely take the form of splitt
up of tho present stock into sma
units. Application has already b
made to list the stock on the Exchai
Public Going Slow
It would be interesting to know 1
big a share of the transactions at
Stock Exchange each day is made
of business originating with wiiat
Street is wont to call the "pub;
Opinions differ' on the ratio betw
professional and outside trading
tivities> Since the market began
pick up a couple of weeks ago
public has been somewhat more?
tive, it is generally admitted, but <
then the outside participation is it
smaller than it was last year, w
the market was booming. Some of
commission houses in the district
complaining that they aro- not get
tho volume of business they had lo?
for when the market turned for
better. Pool manipulation is sai?
be the principal factor making
market activity these days.
C. P. R, Seeks Funds
The Canadian Pacific Railroad
in the market yesterday to ascei
on what terms it could arrange ?c
ment financing. As far as couk
learned, it has made no arranger
thus far. Many of the American r
have asked bankers what the cos
funds obtained in the investment :
ket would be, and the replies ind
ing the unprecedentedly high coa
capital have deterred many of t
it is said. Some raijroad execu
are now inclined to delay purehf
new equipment on trie theory thai
price of materials will be lower
autumn, especially if orders are i
held. The enthusiasm of many
road men for new equipment is ch
when they are told of the cost of
tal and the prico of supplies.
A Pretext for Selling
Professional traders sold the
ket yesterday, picking out as
special targets those industrial i<
v.-liich have been strongest on th
cent recovery. The bear party, v
is still very much on the job, is
to have had a hunch on Monday
the market was due for a good set
and yesterday they only needed a
cuse to let go their barrage of
selling. These traders made the
from Washington of a retroa
tux on stock dividends a pr?ter
their selling? operations Wall E
as a whole lo?ed upon the pro
Next to
U. S. Government Bondi
Municipal
Bonds
Yielding 5% to 6%
The bond? of our political ??J:
vision* have back of 4i/-m the credit
and resource? and full taxing jx^
; of our municipalities and constitute t}*
safest form of investment. '
Send for Circular
Spitzer, Rorick
& Company
Established ?871
Equitable BIdg., New York
Toledo Chicago)
r
Constructive Court
Decisions.
A Better Outlook.
Reading the Wall
Street Barometer.
Discussed in this week's israe of
THE BACHE REVIEW
The REVIEW Is issued week's nd
Coptes may be had upon rtgitisL
J. S. Bache & Co.
ESTABLISHED 1892
Members New York Stock Exchange
42 Broadway New York
Branch?, and OomsposiStsta '
thrtragl-OU. the TTclt? ? Btatai,
One of the Eastern Railroads
covering the chief industrial
centers east of the Mississippi
?a continuous dividend payer
for 65 years?overlooked is
the present market?
PENNSYLVANIA
RAILROAD CO.
?which Is pertinent for an analyst? at
this time?so wo havo prepared a
special report.
FIVE ESTABLISHED OILS
that hRve not as yet participate, to
any extent In th. market movement
generated by the higher prices for oil
and Its products.
In addition to the above, the usual
features and discussion* on:
Corn Product? Amer. Safety Raior
Studebaker No. Amer. 1*. & I*.
Baldwin Loco. Carib Syndicate
in tho Current Issus
MARKET OPINION
Gratis on request for _B-J7.
R.H.MACMAS?ERS&CO.
Members Consolidated Stuck Exch., .V. }'.
69 Wall St. New York
Hanover 9536 Ground Floor
Montgomery-Ward
Submarine Boat
Gilliiand OU
Phillips Pet
Glenrock Oil
Midwest Oil
Comprehensive articles
on above given in cur?
rent issue of our weekly?
Financial Forecast
Fres on request.
Ask for No. 59.
ESTABLISHED ?906
41 BR0AD ST-.WEWT??
Phcm?-Bisad 23
1. M. TAYLORS CO.
Incorporated
INVESTMENTS
? 7 Wall Street
| Koston Cle?elM<
I Philadelphia Plttaburf?
HARRIMAN NATIONAL BANK
Fifth Avenue & Forty-fourth flt
New York
BANKING HOURS FROM 8 A. M.70 8P.&
SAFE DEPOSIT VA?L?S 8 A. M. TQttfflW
Profit in Foreign
? Exchange
Th? logical operation fall*
explained In Letter E ST.
Copy on application to
J. T. Eran? ? Co., 44 ?road St.
X. y. _
LIBERTY BONDS
All -Jenom-nctlons bo-ipht tsr eSM
Baaed on (he closing wa P*7*
$47.99 for a 850?3%% Bond.t.3 ?<*%?'
.45.17 t or a 160?*d 4 ' ?% Bond, I ?<>W"r
?45.?:< for a SOW?.d 4 .i?'. Itond. 1 %*%?.
$45.48 for a SiiO???h 4 'i", ?oud, 2 ??UP*S
SU8.8U for a jjtfO?3lh 4%% Bond, ? ConP?"
PURDY & CO.. ? m
TeL John 31?4-6-?-7. S4 Pina St- ?? *
as more or less of a joke, *a ?.
served it? purposo for th? crowd ?**
ing on the downward si<le of Pr?^y
if certain Congressmen have their ?
it appears that a 15 per cent .W pen?
stock dividends would bo levied by t*^
gressional statute. .Direct'"
Crucible Steel Company of Am er ?
seemed to have little fear about ??
legislation being put through. f0V ,
declared at their meet'.g yestei*H|]
stock dividend of 60 per cent. " g
Street gerferally had expected ????*
per cent at this time.

New-York tribune. [volume], March 17, 1920, Page 14, Image 14
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New-York tribune. [volume], March 17, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924