New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 19, 1920, Image 16

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 19, 1920, Page 16, Image 16',
                  download_links: [
                  {
                   link: 'https://www.loc.gov/rss/ndnp/ndnp.xml',
                   label: 'application/rss+xml',
                   meta: 'News about Chronicling America - RSS Feed',
                  },
                  
{
    link: '/lccn/sn83030214/1920-03-19/ed-1/seq-16.jp2',
    label: 'image/jp2',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-19/ed-1/seq-16.pdf',
    label: 'application/pdf',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-19/ed-1/seq-16/ocr.xml',
    label: 'application/xml',
    meta: '',
},
{
    link: '/lccn/sn83030214/1920-03-19/ed-1/seq-16/ocr.txt',
    label: 'text/plain',
    meta: '',
},

                  ]
                }

New-York tribune. [volume], March 19, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

Image: of 22.

Page

All Pages

Issues

All Issues Text | PDF | JP2 (6.6 MB)

New-York tribune. [volume] (New York [N.Y.]), 19 March 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-03-19/ed-1/seq-16/>

Newspaper Page Text

IT
t;
Motor Wbeel
Corporation
8% Cumulative First
Preferred Stock
Successor by purchase to
PBUDDEN WHF.KI. <'0.
THE ACTO WHEEfj CO.
C!ER PRESSED STEEL CO.
THE WEIS & LESH
MIM. CO.
Makers of wheels from tlmber
operations to finished product.
100 and accrued dividends
Circular upon request ler AK 291
TheNationalCity
Company
Main Offlea: Nst.anal City Bank Bullalsi
UtUwn Offlce: Fifth Ave. & 43rd ?t.
Correspondent Offlces in over 60 Cities
Hartshorne,
Fales & Co.
Members
j t\'e*> York Sloclf Exchange
71 Broadway
Telephone 7610 Bowling _?????
Jelke,
Hood & Bolles
BONDS
NOTES
STOCKS
Suitable for
Investment
MEMBERS NY STOCK EXCHAN8E
AO WALL ST, NEW YORK
&oose\)elt & ^on
Founded 1797
th17
Seasoned
Investments
30 Pine Street
New York
MARINE
TRUST COMPANY
BUFFALO. NX
5EVENTIETH YEAR 0F SERVICE
CAPITAL AMO SURPLUS
ISfVENTEEN M1LUON DOUAR3
r
Bonds for Investment
Harris, Forbes&Co
Mn? Stroot, Corner William
|} NtW YORK j
1! Stock Prices Go
Higher in Spite
Of Heavy Selling
Market, Stimiilated by Easier
Money, Gives Demonstra
tion of Strength; Publie
Interest in Speculation
Again yesterday the stock market
J demonstrated in rather striking fnsh
j ion the correctness of tho position of
! those traders who have been holding to
! thi< conslructivc side on the thoory
that increasing case in tho money
| market would be bound sooner or later
to result in a sustained rise in specu
I lative securities.
The upswing in the market, which
i began almrost ut the outset and con
j tinued throughout the session with
moderate recessions at times as profit
I taking sales appeared. was in many
j respects the most impressive since the
; market definitely turned for the bet
! ter. To all outward nppearances the
; impetus to the advances scored in
i many of tho more volatilc industrials
! came from the same professional
; trading elemcnt thnt has been definitely
i committed to the long 3ide for several
' days.
I But an interesting factor waa in
II jectod into the market by the appear
i ance yesterday of increasing public
I participation on the buying side. Such
! a development was not unexpected,
i since it usually happens that once
; stocks get to moving public interest is
! aroused to a point where buying orders
may be looked for in increasing vol?
ume. The entrance of the public into
the market .on a more active scale
eoincided with decreasing skepticism in
quarters where it has been maintained
that credit conditions were such as to
j make any proriounced revival of bull
: ish operations next to impossible.
Some of the best Informed interests
in Wall Street were, after the remark
able display of strength in the general
list yesterday, of the opinion that
while the market. might reasonably be
expected to do better so long,as there
is the eomparativc relaxation in money
conditions the rise this week has been
soniewhat too rapid and therefore a
reaction is to be expected. It ls also
felt that if the recovery continues
much further at its present pace dis?
tribution of holdings Dy certain syndi
catcs whose operations were checked by
tho break of last month are not un
likely to become an important factor
in shaping the course of price.s.
Trading was much more dive'rsified
? than on Wednesday, when Baldwin
Locomotive set off the fireworks. The
strength of the market was general, the
rise embracing most of the leading
sDcculative groups. Professional trad?
ers working on the upward side appar?
ently went first from one group to
another, bidding them up with relativc
ease. Buying orders in many stocks
met a small floating supply, with the
usual result. Baldwin Locomotive was
an early laggard, being depressed by
heavy profit taking, but as soon as this
had been absorbed new buying appeared
which lifted it to a new high above
140, followed by a swift sctback at the
finish.
Sentiment was naturally helped bv
tho impressive strength of United
States Steel common, the market
leader, which held well in the. face of
profit takinc; and efforts toward i'orcing
a deciine in hopes of checking the up?
ward move in the general list. The so
called independent steels were also
strong. as#Were the motors, many of the
equipments and cerfain specialties.
Oihj were rather irrcgular. although
generally higher. International oils,
such as Royal Uutch and Shell Trans?
port, were stiil under- the influence
of a depressed market in London.
Wall Street found the supply of
call money at 6 per cent sufficient to
meet all current needs after renewals
had been made at 7 per cent. The cur?
rent relaxation in the money situation
following the strain of tax pavments
is bearing out predictions made early
in the month. that the peak of the credit
crisis had been passed.
--??
Money and Credit
Although the call money rate got
down again to ti per cent, after renew
ing at 7 per cent, more talk was heard
in banking circles of a possible jump
in the rate next week, when the gov?
ernment is expected to draw heavily
on its deposits here. Owing to the.
continued liquidation of commercial
loans, however, it was stated that little
change in the stock market money sit?
uation may develop after all. Time
loans are reported in small lots at 8%
and 9 per cent, according to the char?
acter of the collateral.
The ruling rate for money yester?
day, compared with a year "ago, fol
lows: Yester- . Year
I Call money: dav. ago
On mixed collateral... 7 C
On industrial collateral 7 61>i
Time money (mixed collateral.):
\\'xty days.8Mi@9 5tt@5%
Ninety days .8Ms(^9 &Va@6% I
Four months.8%@9 51/aWH% \
Four to nix months..8!i@9 5%@5%
Bank Clearings - BanK clearings in
Xew \ork and other cities vesterday
were:
Exchanges. Balances.
New York.$88 1,607,258 $114,388,93:7
Hoston . 71,126,265 21,125,898 j
Detroit . 25,161,243 6,980,770
Philadelphia .. 91,102,94,". 23,436,340
Pittsburgh .... 30,559,869 10,873,549
SilverLondon, 68'id; New York,;
$1.22: Mexican doilars, 92c.
Sub-Treasury?United States Federal
Reserve credit balance, $111,525,151. |
The Dollar in Foreign Exchange
Sterling exchange climbed up 3 cents
a pound yesterday, while francs and
lire reacted slightly. A London cable
quoted the British Admiralty as deny
ing the generally discredited report
that gold was on tlie ocean on battle
ships bound for Halifax. Neverthcless,
the demand for sterling was active.
Marks were a shade lirmer.
^estcrday's rates, compared with
those of a week ngo. follow:
(Quoted doilars to tlie pound.)
Yester- Week
day. ago.
Sterling, demand. $3.7525 $3.7225
Sterling, cables. 3.75 3.73
Sterling, sixty days... 3.7050 3.6876
Sterling, ninety days.. 3.0875 3.6725
(Quoted units ic the dollar.) '
? rancs, checks. 1 1.6] 13.39
Francs, cables. i ..59 13.37
Belgium, francs. chks. 13.12 12.82
Belgium, francs, cbls.. 13.10 12.80
'??'?vc, checks. 1S.07 17.97
I.irc, cables. 18.65 17.95
Swiss francs, checks.. 5.81 5.82
Swiss, francs, cables.. 5.79 5.S0.
(Quoted cents to the unit.)
Guilders, checks. 36.50 36.125
Guilders,' cables. 36.625 36.25
Austrian crowns, chks .44 .45
Austrian crowns, cbls. .45 .46 ?
Sweden, checks.20.30 20.35
Sweden, cables. 20.40 20.46
Denmark, checks. 17.40 17.75
Denmark, ca>les. 17.50 17.8k
Norway, checks...:... 17.90 17.65
Norway, cables. 18.00 17.75
Pesetas, checks. 17.67 17.72
Pesetas, cables. 17.75 17.80
Greece, checks. 11.15 11.33
Greece; cables. 11.25 11.43
Manila, checks. 48.75 49.00
.Manila, cables. 49.00 49.25
India, rupees, checks. 44.50 45.25
India, rupees, cables.. 44.75 45.50
Japan, yen, checks.... 46,05 46.25
.Japan, yen, cables.... 46.30 46.50
Argentina, checks.102.15 102.00
Argentina, cables.101.65 101.50
Brazil, Rio, checks.... 27.25 27.76
Brazil. Rio, cablfs. .. 27.50 28.00
Marks, checks. 1...S 1.46
Marks, cabjes. 1.23 1.47
Cacdio-Slovakia, chks 1.33 1.28
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings *
(Copyrlght. 1920. New York Tribune, Inc.)
Day Year January 1 to datt,
Yesterday. Before. ago. 1920. 1919. 1918.
Railroad atocka ... 119.800 106,700 99,900 7,821,200 6,896,200 7,991,200
Other stock* . 1,779,300 941,600 746,800 47,119,900 29,486,300 27,841,300
All BtoekB . 1,899,100 1,048,300 846,700 64,941,100 36,362,600 35,832,500
Yeeterday. Day before. Year ago. 1920. 1919.
tT. S. fOTcrnment bonds.$10,838,000 $8,523,000 $7,142,000 $701,229,000 $522,681,000
Railroad bonda . 1,163,000 ?1,101,000 1,169,000 77,541,000 74,119,000
Other bonda . 1,708,000 1,445,000 2,664,000 93,864,000 85,691,000
All bonda . 13,709,000 1,106,000 10,875,000 872,634,000 682,491,000
Record of Stock and Bond Averages
(Copyrlght, 1920, New York Tribune,,Ine.)
Day Year
Yealerday. Refore. Ago.
20 Unilrohd xtorkn _.... 68.50 67.70 71.40
30 InduKtrial ntocka. 102.83 100.90 89.17
30 Stock* . 89.10 87.62 82.06
10 Railroad bonda . 73.68 73.62 80.26
10 Indu*trlfll bonda . 88.86 88.86 94.71
5 Utlllty bond. 73.74 73.88 86,96
25 Hon.l.x . . 79.76 79.72 87.17
Range thw
far 1920.
Tlicb.
68.70
110.30
.92.06
76.28
91.46
74.63
81.71
7.ow.
68.60
88.70
77.14
71.76
88.85
73.48
79.48
Rane* fall
year 1919.
High. Jj?w.
.78.80
119.33
99.64
82.80
95.70
87.75
87.91
63.36
79.20
75.92
72.83
90.56
71.80
80.21
Illgh. Low. DIt. Net
1920. 1920. Rate. Sales. Open. High. Low. Clo.,?. chge. Rid. Ask
36 25 ? Adam* Exproaa . 600 34 34 33 33 - 3"* 34
45/2 341/4? Advance Rusnely ... 6200 40% 44'/B 40/2 42/a + 2/ Vz 44%
72 65 6 Advance Rumely pf.. 800 67% 69 67/8 69 + Vz 0/ 69
88% 65% 6 Ajax Rubber. 2200 74% 77 74% 75%-f 1s* 75% 763/4
2 1% ? Alaaka Gold Mlnee... 600 2 2 2 2 - 1% 2
fy? 1% ? Alaaka Juneau . 1800 2'/* 2% 2% 2% + % 2% 2/4
637b 36% ? Allis-Chalmers . 7600 43% 46 43 % 44%+ 1% 44% 45%
92 80/a 7 Allis-Chalmers pf ... 200 83!/a 83% 83% 83%+ Vz 83% 84%
95 82 8 Amer Agr Chemical 2000 93/2 94?/2 93 94% 4- 1% 93?4 94
46'/4 39 3 Amer Bonk Note_ 1000 42 42 42 42 ? Vz 40 43
96% 76 8 American Heet Sugar 2900 88 89 87/2 87/2 + Vz 86'/2 87
128% 106 10 Amer Bosch Mag... 4600 117/2 119 116/2 117 + 1 117 118%
102 99 7 Am Brake Shoe & Fdy 500 99 99 99 99?3 95 104
225 . 1701/4 12 Am B Shoe ft Fdy pf 200 225 225 225 225 - 225 230
61% 38%? American Can . 30700 50% 52% 50% 61,/a+ 1/8 51% 51%
146 124% 12 Amer Car & Fdy_ 2-1800 142 146 142 142%j 1'/4 142'/2 143
64% 3974 4 Amer Cotton Oil_ 1000 49 49 49 49 j 1 48 49
15/8 t1% .80 Amer Drug Synd .. 1900 13'/8 13% 13 13 ? % 13% 13'/i
30% 18'/2 ? Amer Hide & Leath 24600 24% 28% 24% 27%+ 3% 27 27/a
122 90% 7 Amer Hide & L pf.. 15700 115% 118 115 116/2 t 3% 116 1167>;
52% 38 4 Amer Ice See. 5800 50% 52% 501}, 62% + 4'/B 52 62'/4
68 63 6 Amer Ice See pf_ 800 67 67 661 s 66%; 1% 66% 67
120/a 87 6 Amer Int Corp - 43800 98'/2 105% 98% 104% 4- 5% 104>/2 104%
86% 74% 3 Amer Linseed . 4900 84% 843/4 83% 83%? Vz 83 '/2 84
99% 92/2 7 Amer Linseed pf. . . 1000 95 96 95 96 + 1% 95 97
108'/4 82 6 Amer Locomotlve . . 26800 106% 108'/4 105/2 106% + % 106 1063/4
106 82 7 Amer Loco pf. 200 106 106 106 106 + 1% 105 108
30(-2 16%? Amer Ship & Com.. 5100 25% 26 24 , 24 ? 1i/2 24 24%
72 56 4 American Smelting . 6600 69% 6978 6838 68%? 1 68% 68%
82 80 6 Amer Smelting pf A 200 81/a 81% 81/a 81/2 + 1 80 82
115% 86 8 American Snuff - 50 112% 112% 112% 112%- 110 112'/2
49/2 39 3 Amer Steel Fdry- 29700 46% 49>/2 46% 48 + 1% 48 49
140% 123/2 7 American Sugar ... 800 132 132'/4 132 132% + 1i/4 130% 131
101i/4 77 10 Amer Sumatra Tob. 4600 98 101% 97/2 101% + 3% 101 101'/2
52 50'/4t 5 American Tel & Cable 100 60% 50'/4 50% 50/4.? 13^ 50 55
100% 96'/8 8 American Tel & Tel 2600 100% 100% 100% 100% + 3h 100% 1003^
74% 54% 5 American Tob See... 24800 66% 66% 65%, 66% + 34 65% 66<4
97% 92/a 6 Amer Tob pf new... 200 95/2 95?/z 95/2 95%- 9514 957,,
165% 112% 7 American Woolen ,. 34600*138 140 13514 136 4- 2% 136 136' 2
61% 38% ? Amer Wrlt Paper pf 400 62 52 61% 61/2+ 2% 51 62'
21% 16% ? American Zinc . 1000 18% 19% 18% 19 - 18% 19
HYf ft, 4 Anacond* . 8900 61 6218 61 62%+ 1% 62 62?/4
67% 43/, 4 Assoc Dry Good*. . . . 1000 43% 46 43! a 45%+ 2% 453/4 46
125 107 6 Associated 011 . 600 115% 116% 115% 116/a+ 23i 116% 118%
86% 76 6 At, Top ft San Fe. 3100 84 85 8374 84%+ % 84/a 85
82 76 5 At, Top & San Fe pf 100 79 79 79 79 - 783/4 79
93 84 7 At Coast Llne. 300 89% 90 89% 90 + 14 89% 91
176% 137 10 4tl, Gulf & W I... 2900 164% 167 164% 164%+ % 164/2 165
30% 25 3 Anto Sale Corp pf.. 100 25% 25/2 25!/2 25'/a+ 14 25/2 28
140% 103/2 3%. Baldwin Loco Co... 121600 135 140/2 133 1343/4? % 134/2 135
102/a 98/8 7 Baldwin loco Co pf. 200 100 100 100 100 - 99/, 100
38% 28/4 ? Baltl & Ohio. 1800 36% 37% 36% 37/24- /, 37 37%
49% 42 4 Bolti & Ohio pr. . . 400 48 48 48 48 + i/4 47% 4s'
93 65 ? Barnett Leather - 1400 82 82 77 77 ? 3 75 76%
134% 114 8 Barrett Company ... 1400 12414 126 124% 126 -.- 3 125'--. 126
31% 17/a ? Bethlehem Motors .. 16700 30/2 31 Va 29% " 3014? sB 30 ~ 30%
95J4 77/2 6 Bethlehem Steel _ 4100 88 90 88 90 + 4% 89 91%
??!it/2 .VJ/z 5 Belh 8tee1' Clasa B 50900 927b 97% 92% 96/4+ 2% 95% 95U
114 108 8 Beth Steel 8% pf... 100 112 112 112 112 % 111 112%
?L 12# "~ Bkhn R"pid Transit 1300 1578 15% 15% 15%- 15% 16'
Y'A 'VA ? Bklyn Rap Tran ctfs 400 12 12 11% 12 _ 11/? 12%
15 10 ? Booth Fisheries Co. . 300 12 12 11% 12 + ?/. 12 " 12i/,
100 96 7 Brown Shoe Co pf... 100 97 97 97 97 l v\ 97 98
11./ ^ 1?, b"!".118 ?T?* ? ?. 3900 105% 109 105 107/4+ 1% 106 107%
11/a 7% t/z Butte Copper & Zinc 100 9% 9r.a 978 97,3 , 3. gs^ 97*
ot>/4 ? ~ SUttC & Sup Coppcr 100? ^'/a 2612 26% 26%- Vz 26'. 267*
27% 15 ? Buttenck Co . 400 19% 20 19% 19% u tg 19 20
SI?? II 1 JiId.!0oOI,I.:. 1100 23/2 2414 23% 24 | /2 23% 24
Tt' 27V * r * \?r Ppa<;k,r . 19?? "2 B2** 81 82 > 1 81^ 82%
75! 1**1 ' pPf? "ra ;?? 2100 40'^ 41 W's "I % 403, 4114
M tl/ 1 r* P4al7,e?m pf 200 70% 70% 70% 70%: 2/4 70 70%
1^! i*V{? <t (8lumet & Arlaona. 100 62 62 62 62 - 62->4 65
00 ls y tanadm P?Wc . 3400 123% 124/2 123% 124/4+ 1/4 124/8 124/.
100 96 7 Case, J I, pf. 200 97( 2 97/a 97% 97%.. % 96 98 "
l^ If, ? ! ^ntra,? LeH,h<>r ? 21800 88'^ 90% 88% 89% - 2% 89' 2 89%
tl ?7 4 re,r??*/r?. 310? 52 5Z* 513'* 52'-' 1 52% 53
"? 47 4 Certainteed Corp . 300 53 54 53 k4 ^t 5^ 5g
15*.. 1H'/s! 1? ( hSnd,er Motor8 9200 152 153 150% 152 ? 2 1511/, 1521/0
f0? 4I 4 gf * ?h'?;. 200 58 58 57% 58 1 5^ 8 "
10{-8 1 ? (hi Grcal West. . 200 9< a 9< . 9'. qi ,_ oi 01
27/a 21 2 Chi Gt Weatern pr.. 300 25% 25'" 25^ 25'"", , ,J'8 2^'4
42% 30%- c-hl, Mil & 8t Paul 5600 39% 40% 3934 40'-,-: % 40 40>4
V';2 4^4- ^!' 5?" * ? P Pf ,600 583^ 597? 58% 59 8- %8 58 4 59
mlif 7R ? l &? r. Nort,TCflL; 900 897a 8^% 8934 89 4- 89 8934
.^,2 ? (h,e Pn*um?t"= Tool 9200 95 101 95 100 4 6 99 101
41% 23%? Chic. R I & Paciflc. 12800 37% 383, 37.. 37|/,T Vi -,7I/ ,' .
73 64/a 7 Chic, R I ft P 7% pf 700 77% 77% 77 2_ " ?g 2
?6% 54 6 (hie, R I ft P 6% pf 400 66 66 66 66 | % 65 66
41K ^7?~;, a C"PPer, 7, 210? 18'= 1B,*< 18 ;8'a- % 18 18%
41% 377s 1% Chino Consol Copper 600 34% 34'? 34', 34?,4J , ,4, ,c 8
40% 3338 1 Coca Coi. . 1800 35% 36 35' 1 4 - ' \l
65^ S4 ? r?!F^tIrln- 210? 38'4 397? ?8' Sg+1%
9232 8?32 7 r?\UmliaL ^'raph 3900 437? 44l<^ ?7b 44/2+ ?% 44% 44%
f7 4 ?A l ^?nm^,a ?r'ph "f 200 90% 90% 90% 90%. 7* 90 t V\(/2
67 53 5 Columbus Gas & Klec 1900 60 60% 59% 60 ? 1 59 60
70 tt t r0^,1^ *MOrd 20? 52 52 52 52 ? '7? S2 6?
fi?3 7^2 7 ,Un"'C"f? . 200 69 69 69 69 -1 ,68% 69
o?,4 l5 tonaohdated Gas 4900 83 88 87% 87/a4 ', 87" t P8
20% 16% 2 Consol Int Call. Min 1600 18% 19 18 18%. % 1J3? iflr
?3> in, I ^"tlnenUI Can ... 900 8/ ' 88 87 sS 6 ! 2* 88 '* 89'"
95% 76% 4 Corn Products . 16900 95 95'. 94'R 941 *_ :iB qai oL
1% 1Sv 7 C:rnTPr%0CM' Pf' 20? 1?6'4 1?6!* '^ 10C' - 3 1 107%
31% 21%? Con Textile . 2000 31 31% 30'4 30'-? 7/ 7ni qi
62j.4 55 6 Crer Carpet Co... 200 62% 62% 62'.4 M/4, 2% 11* 70
255% 189 12 Crucible Steel . 19900 236 237 233% 235^ ? 2^ 2^5 J?
160 100 7 Cuba-Amer SuKar pf 200 102 102 102 102 -? ?o- 1
I472 70^ T rUK*J^?ne a0*" ?? 198?? 487'8 487'? 47^ 4?a8' 1% 48% 48'
857a 79% 7 Cuba Cane Sugar pf. 200 80'/, 804 80', 80<?? T -Ti oT'
9% 89% 9 Delaware & Hud. . 200 99 99 99 99 :. 4 oG "* 100
195 165 10 Del, Lack & West.. 200 193 193 193 193 --- 4 ,80 \Z
9 6 - Denver & Rio Gr... 400 7% 7% 7/2 71 _ ,4 - 9|\4
16% 9 ? Denver & Rio Gr pf. 1900 147a 14?h 14!/, 143T4 -.* /a, ? /AS
44 33 3 Klk Horn Coal pf 900 44 44 44 II 7 4 'v'2 II'B
29 20 ? Kmerson-Brandt ... 200 23 23 ?3 o^ n- aos X?
91 82/2 7 Emerson-Brandt pf . 900 82% 82% 82% Si%-LlV4 82'3 83
IL- 9!? 5 ?ndicott-J?hnso? 6900 116% 1,3 115% 117%. 8% 1" , l"3{l
2& 17?2" ^ ;???%. 90? 14% 147" 14'a 14?^ 4 14/a 147^
25% 17%? Eno 1st pf. 400 24 24',. 24 24K.) 3 ol o^, ?
95 65% 8 Famous Players ... . 1800 77% 77% 76 76 l* ??. 4
15% 10 - I-ed Min & Smeltin* 100 14% 14% ijr. , " , 8 ^ 4 JJV
36 26% 3 Fed Min & Smelt pf ,00 35/2 35% 35' , 35.8_1_1 8 lt ?' !
11C85u 19??^2 17? ^S!)er I"** . 20? 13? 1'? l" 130V% 125 2 1 f8
S'2 33'2 ^ t'"^^ ^,. 400 106% 106% ,06% 106%- % 06 S
S./ I? pWk R^er Tire B10? 363"? 37!V? 3634 37%. % 36% 37%
?! a 2i ~ ^r*?Port Texas . 1000 27 27 26% 26%_ 263 o7 *
19% 12 - Gaston Williams ... 200 16 16 1,7? T57.4 , ?Ss ?L
75% 58% 6 Uenera, Cigar . 400 68% 69 68% 11 *l v* 6|% " "
94% 85 7 General Cigur pf deb 200 87 87 87 87 1 (l 8fi R7'4
172 152% 8 General Electric Co. 2000 166% 167 164 165 U 2 1 i?
345 225% 12 General Motor. .... 24900 327% 337% 327% 335 l 0. 334,/ ?!,,
89% 73% 6 General Motors pf. . 200 81% 81% 81'" BV,, 2'' ao'2 82 "
G5% 69/2 6 Gen Motors 6% deb. 2000 74% 74% 74% 74%4 ./ 743/ 7c,
Sv S.' 7 r^ Mr? ?7 dBb ^ 88^ **>?? 88^ 2%+ % M% 8 2
85/4 fi4S2"7 :?" M?t0" ?=' " 26T00 32% 33% 32% 33%+ 1/2 ii/* 3k
85% 64% 6 (.oodnch, B F. . . 5900 72% 73% 72'? 73 . 11. 791. 7o,'4
^ 31. 1 ?^"i.Br,-^... 100 95% 95% 95% Sl^'4 94% 9 %
493/4 31% 2 (,ray Davis . 200 33% 33% 33Ui 33IA? 1 qo ,+4
84% 68% 7 t;reat Norhern pa. . 8600 82% 8372 82/2 !!%+ % 82% 827
41% 33 4 Gt North Ore subs 14100 40% 413* 403^ 4i'4; j4 fjj8 J2%
33 28 - Gulf Mo & North pf. 100 28* 28 28 tl _ " S '
84% 57%- Gulf Statea Steel ... 3900 72% 73% 71 72%-. 2' 7V/ Sv
18% 13 1 Hupp Motors . 26100 17% 187* ,7% \\ \ \ \l{* lf*
65% 50 4 Ha., ft Bar Car Co 12100 62% 653/4 62' 2 H, . % 1J4 l\
S "0 ? Har!TanMV?rP . 1?? 88^4 883< 88^ 883-"'" 8 9%
.4,1 oO ? Hendee Mfg . 1000 39% A^ 39./, 41 o 41 2 !,''
93% 80% 7 Illinois Centra, 200 91 93 ,/' 93 J ?% 92% 93
26% 18%? Inter Agricult . 3100 25 263i 25 25./-4 V lt ol
; 83% 69 5 Inter Agricult pf.... 1000 82 83% 82 83** l l w 81 ?
61% 50% 6 ITlrationCop 3600 56% 67 56% ?*? ?g I g^
444 3% ? Inter-Cona Corp ... 400 4'-4 4% 4i'. 41/.I 1 41 ? li"
16! 2 9%- Inter-Cons Corp pf. 2900 15% 15?t 15 15 1 3" ,4'" 4
135 112% 6 Inter Harvester .. 5600 1287a 1337g 1287? 133 ;. 3, * <,?,? ,?
: 51% 27%- Int Mer Marine. 3100 36% 37% 36?? 37 X 114 1!./ 4
1111% 76% 6 Int Mer Marine pf.. 8900 92 93% 92 93./J 234 %$ IL
127 102% 7 Int Motor Truck... 200 103 103% 103 103%I * 105 4 iau '
84 72 7 Int Motor Truck 1 pf 100 74 74 74 74 x 1,? S'4 ?!
69% 60 7 Int Motor Truck 2 pf 1000 62 62 62 62 lu c, I!
91% 70%- International Paper.. 26900 39 9134 88' A BBBiL 74 oqv lt
79% 70 6 Int Paper pfstpd... 100 76% 76% 76% 76'! 1 * 7fi'> 77
26% 19%- International Nickel. 5100 22 22% 22 22? lt'* llu
| 61% 36%-- Iron Products . 700 44/a 4.5% 44% 46/a+1% % f6U
21% 14 ? Jewel Tea . 400 18 18 171" 171/!] > -,7 ,1
19/2 13%? Kansas City South.. 800 18 18 1772 17%! s2 7, \l
? ^If 1S5,z ! Ke"y S?riA???M ??? 5100 126% 132', 12634 1?%? 4% , ' , ,
33% 27% 2 Kennecott Copper .. 4600 3r 311/? 3%! t], ? \* V, IV6
S21?> i62o,Krne Tir<. 48?? 36*? *7^ 3? ? + ? a % s*
91% 63 6 Lackaw&nna Sleel .. 10900 ?5/4 81' -f 76'A 79''^ <" ?? r'
SE?-^ 23 ? Lee Rubber ft Tire.. 500 36 ^53? ^>47' -^.2" -?,'' ?'2
: 47% 40% 3/a Uhlgh Valley . 200 46'/. 46Ri 4fii/ A*ill 'i2 l*,s VLi
3?'/S 265? I ,"* & ? T?b C? rtS 100? 16^ '^ ?2 S % - ' -*?
3.? 26/2 2 Loews, Inc . 3900 31 31% C0% 31./.X v -ii 91 r<
28 17/,- Loft Candy . 800 19% W/? 19^ ?J?1 ?? 3ol *V'*
? imh ?8 7 L.UU &^Mh,. 1000 1o!JJ ,?* l^j4 ^J ,ft 1 ^ 1 *
64 61 4 Mackay Cos pr. 200 63 63 63 53 _ e* ?,,/
30/a 23 - Martin Parry . 1000 26% 28 26-4 28 77 S./ S*
I 36% 12/,- Maxwell Mot Co... 700 31 31% 30 31./^ 1./ %/m !?,/
j 63% 47%- Max Mot Co 1st pf.: 400 59%' 59% 68 M *-- 2 5 ? H*
62% 47% - M.x Mot Co ctfs... 200 52 54% 52 54%_ tl ?
; 132 117% 7 May Dept Store. ... 200 129 129 129 iX^T^ 127 1
I 22? 161% 10 Mexican Petroleum . 29900 191% 195% 190 192 I 1 192 1S1/
71% 22% l.aOMiddle Sutes OU. . 51600 31% 33 30% 32-4+ % 30 ?&
62% 42% 4 Mldrale Steel . 8100 47% 4834 47% 48%I ? ? S?
18% 9 - . Minn 4 St L now.. . 400 16% 16% 16U 16v!- V ia. i7/4
94 89/, 7 M.StPft'sSMpf 100 93^ SfJ 9^ Igfr 1^ '*
11 6 ? Mo, K.ns & Texaa.. 1000 9% 9% 9% 9*2? iZ L in
31% 21 - Mlaaouri Pacific .... 3100 29% 30 28% 29%7 \l $fr 11*,
49% 36 - Mlssouri P.clBc pf. 600 47* 47 46% 46%I % 5J./2 47%
69% 61% 3 Montana Powa, .... 800 66 66 65% 66%- % 66 * ?%
Sales
Mullin* Body . *00
National Acme . 300
National Aniline ... 2000
National Aniline pf. 200
Nat Cloak & Suit... 200
Nat Con & Cable... 2900
Nat Enamel & Stp*. 1000
National Lead . 800
New York Air Brake 6200
New York Central .. 9600
New York Dock. 100
N Y, N H & H. 12100
N Y, Ont & Weat... 200
Norfolk & Western .. 2900
North American . 100
Northern Pacific _ 2900
Nova Scolla Steel . . 2800
Ohio Kuel . 200
Ohio t.as . 3100
Okla Prod & Ref ... 1600
Ontario Silver . 400
Otis Elevator . 1000
Otis Steel . 7800
Owens BoUling Mach 400
Pacific Develop _ 1800
Pacific Gas & Elec. 100
Pacific Mail . 400
Pacific T & T. 1200
Pan-Amer Petrol .. 36100
Pan-Amer Pet B_ 2000
Parixh & Bsngham.. 1800
Pennsylvania Kail . . 2000
Penn Seab Steel _ 1600
Pcoria & Eastern.... 200
Peoples Can & Coke. 2900'
Pere Marquette . 2000
Pere Marq pf. 200
Pere Marq pf pf. . . . 400
Philadelphia Co. 8200
P. C, C & St L. 200
Pierce Arrow . 40600
Pierce Oil . 800
Pierce Oil pf. 200
Pittsburgh Coal .... 400
Pittaburgh & W Va. . 2200
Pond Creek Coal.... 600
Pressed Steel Car. . . 10400
Pub 8crv Corp N J.. '1400
Pullman Pal Car... 3300
Punta Alegre Sugar. 2900
Ilwoy Steel Spring . . 6000
Ray Con Copper.... 200
Reading . 69100
Rea:!ing 1st pf. 200
Headinir 2r pf. 500
Remington Typewr. . 2000
Republic Ir & Steel. 119800
Re.'Miblic Mot Truck. 400
Royal Dut N Y ahrs. 1600
Savage Arm* . 4600
Snxon Motors . 5100
St Joseph Load. 200
St Louis & Snn Fran 1300
St Lou & 8 Fran pf 100
St I. & So Western. . 100
St L & So Western pf 100
Scaboard Air Line pf 1000
Senrs Roebuck. 100
Shattuck & Arizona. . 900
Hhell Trans Ter. 4100
Sinclair OH . 19900
Sloss-Sheff St & lr. . 5100
Sloss-Sheff St & Ir pf 100
Southern Pacific . . . 41IJ0O
Southern Knllroad . 4000
Southern Rail pf . . . 3000
Slewart-Warner .... 200
Siromhorg Carb . . . 8100
Studebaker . 76900
Slutz Motors 6900
Superior Steel . 800
Tenn Cop & Chem . 3600
Terni. Company .... 31400
Texas Co full pd . . 200
Toxbk A Pacific .... 29900
Third Ave Rail . 200
Tide Water Oil . 200
Tobacco Products . 5100
Tobacco Products pf 400
Traascon Oil . 12800
Transue W Steel . . . 200
I'nion Oil . 14200
Cnion Pacific . 4100
I'nited Drug 1st pr. 200
United Alloy . 400
I'nited Fruit . 800
I'nited Ry Invest . . 1700
Tnitcd Ry Invest pf 400
U S Cast I'P & Fo.. 1200
U S Food Prod .... 19200
U S Alcohol . 261C0
U S Realty & lmp sqq
i'nited Hot Stores. . 21600
?' S' Rubber. 48900
<" S Smelt &. Ref... 400
U S Steel. ......*..181o00
U S Steel pf. soo
Utah Copper . 8900
Utah See Corp. 200
Vanadium Steel .... 39100
Vu-Car Chemical... 1600
Va-Car Chem pf.... 400
wa*>ash . 1500
Wabash pf A. 300
Wolls Fargo Exp_ 800
Western Maryland. . 1000
West Maryland 2 pf. 500
.Western Pacific ... 8100
Western Pacific pf . . 400
Weatern Union Tel . 100
Westinghou.sc Mfg . 6600
Westing Mfg 1st pf. 200
Wilson Co . 1600
Wheeling & L E_ 1000
Wheeling & L E pf. . 1400
White Motors . 4000
Willys Overland . 9900
Woolworth . 800
Woolworth pf . 3qo
Worth Pump & M . , 1800
Worth P & M pf B. 100
Open
45'/s!
36%
66
87
70
11'/a
78'/a
82
110'/8
76'/?
36
3B/a
21
97
*B1%
83'/a
64%
51
453/4
5%
8'/s
141
29%
62
70'/2
B2'/a
34
42
4234
43
26'/2
14
38'/j.
29%
47'/,
66
39H
75</a
64'/a
19
94
68I/4
28'/a
19%
102%
66
118'/a
84
100
18%
86'/a
34%
35%
84
98
44
102%
66%
17%
16'^
23%
32!/2
16
29
17'/a
234%
1134
76'/a
43%
75
94
101
24%
58
42'/a
74
104
180
48i/s
10%
212
205 ya
421/i
15
229
711 4
961/4
27'/s
61
33%
121%
51
45
206
13
28
19
69%
97j/a
53!/8
76 '.'4
109%
69
100%
113
75|/2
10
60
77?/a
111
9'/4
28
54%
11%
15,
25%
63
89'/4
53
es
75>/a
121'a
201/g
581/i
25J.4
124!/4
111
83
73
. KSgh
45!/a
36%
67'/4
87
70
11%
80%
82%
112'/a
763/4
36
36%
21
97
61%
84%
68
51
46%
6%
8%
144
30%
62/4
72
62/a
34%
43
101%
96
43%
43/4
2?/a
14
40
29%
47%
66
40/4
75%
66%
19
94
68%
28%
21%
10334
68
123%
84^4
103
18%
88%
34%
35%
85
106%
44
103%
75%
18
16%
24%
32%
16
29
18
234%
12
81
44%
77%
94
103
25
58%
42%
77
107%
190
49%
10%
216
207
43
15
229
72%
96%
27%
61 %
36
123
51
46
206%
13%
28
19
70%
101%
63%
77%
114%
69%
103%
113%
75%
10
63
78%
111%
9%
28%
54%
11%
16
27
65
89%
54%
66
77
12%
21
60
25%
125
111
83 %
73
, Low.
46%
36%
66
87
70
11%
78%
82
110%
76%
36
38%
21
97
813/4
83%
64%
51
4534
5%
8%
141
29%
62
70%
53%
34
41%
98%
92%
4234
43
26%
14
38%
29%
47%
69
39%
76
64
19
94
68
28%
19%
101%
66
118%
83%
100
18%
86
34%
35%
84
973/4
44
101
66%
17%
16%
23%
32%
16
29
17%
234%
11%
78%
43%
74%
94
100%
24%
58
42%
74
IO334
180
48%
103k
212
205%
41%
15
229
71
96%
26%
61
33%
121 %
61
46
203
12%
28
18%
6834
96%
53
76
109%
69
100%
113
74%
10
60
77%
111
?%
27%
54%
10%
15
25%
63
89%
63
65
75%
12%
20%
58%
24%
124%
111
82%
73
Net
Close. chge. Bid
48%-f % 46
36%? % 36%
68%? % 86%
87 ? 34 86%
70?2 .88
11%+ % 11%
79% + 1% 79%
82%+ 1% 82
111%4- 4% 111
75%+ % 75%
35 ? % 35
36%+ % 35
21 - 21
?7+1 96
51%? % 51%
84%+ % 84
66%+ 2% 65%
51+2 51%
4634? %? 45%
5%? % 5%
8%? % 8%
144 + 6 142
30%+ % 30%
62%+ 1 61
72 + 4 69
52%+ 1% 52
34%+ 33/4 34
41%+ % 41%
100 + 2% 100
92%? % 93%
43 + % 4234
43%+ % 43
29%+ 2% 29
14 ? 1 13%
40 +1% 39%
29%- 29%
47%? 7 47
66+4 66
39%+ % 39%
76 ? 1% 76
65%+ 1% 65%
19 + % 18%
94 ??? 94
58%+ % 68%
28%? % 28%
21%+ 2% 21%
101%? 1% 101%
66 + 1 65
120 + 4 120
83%+ % 83%
101%+ 1% 101%
18%? % 18%
8634+ 1% 86/4
34%+ Va 33
35%+ % 35
85 +3 84%
104%+ 7% 104%
44 + 15? 43
102%-r % 102%
76 + 8% 74
18- 17%
16%-!- % 16%
23%? % 23
32%? % 32%
16 ? 1% 16
28
% 17%
% 230
% 12%
1% 80
44%+ 7/g 44%
75 + % 75
94 + 1 91
102 + 13/4 1013/4
24%? % 24%
583/4 + % 5734
42%+. % 40%
76/2--(- 5 76%
107%+ 4% 107
,W0 +20% 189%
49%-!- 1% 48%
10%? % 10%
212%+ 2% 212
207 + 4% ?
42%+ 1% 42'. 4
15 ?
229 + 3
72 + 1% 71 %
96%-:- 1
27 -
61%+ lt
35%+ 1% 3534
122%+ % 122%
? 50%
% 46
% 203
1234
14
95
26%
61/a
27',
18
69
99/
53
51
46
203
13
28 ? '
19 . '
69%- 1/
9934 + 23.,
53 ? /
78%+ % 76%
112%+ 3% 112%
69% 4- % 68
102%+ 2% 102%
113%+ % 113%
75% j- 2% 75%
10?1 10
61%+ 2% 61%
77%+ % 7714
111%+ 1 100%
9%? % 9%
27%- 27%
54%+ % 54
11 - 10%
16?4 15%
26%+ 1% 26%
65 + 2% 64
89/4-- 1% 89
54%+ 1% 54
64
75%
12%
65 + %
76%+ 1
12%
21 + % 20%
60 + 2 59'/,
24%- % 25
125 ? % 125
111 - 110
82%+ 1% 82%
73?2 73
Aak.
45%
37
66%
87%
72
11%
79%
82%
112
76
38
35%
21%
87
63
84%
66%
63
46
5%
8/4
145*
3034
62
72
52%
35
43
100%
94
45
?43%
2934
14%
3934
293/4
50
66%
39%
77
65%
19
96
69%
29
22
102
70
121
84
102
18%
86%
34%
35%
85
104%
44
103
76
18
17
23%
34
17
29
18
235
12%
8O.4
44%
76
95
102
24%
6834
43
77
107%
190
50
10%
213
42%
16
72
96%
27
62
35%
122%
51%
47%
204
13
27%
19%
69%
993/4
53%
76%
113
70
102%
113%
76
10%
61%
78
112
9%
2734
54%
11
17
26%
70
89%
54%
67
77%
12%
21
60
253,4
126
113
83
75
?I1.
Bid and Asked
Am Br .Sug pr 82
Ain ('an pr.... m
Am C & F pr.m
Am Cm O pr. 85 X7
Am Malf & Q 30 ii j*
Am Mlilpblrlc. 125
Am Smelt pr.. 95 fiti
Am KiuifT pr.. ,so
Am Sii Kdy pr 90
An, Sub T pr. 86'Vi .?*" Z ?d^.JT.IU
116
10s
45
! Aim Ai'bi'r ... 13U jj
! , do pr . :M'.s 20
I A l> <) lm pr 85 67
do ::<1 pr.. . . .;<) 70
! A T & 8 F pr 78V4 70
A (J & \v 1 l)r ti.-, nr
Barret! Co i.r.loo 101.
jKcok & v M
L <lo pr . 20
;Kr>.?(fn S S...185
do pr .UN
ilvresa *. Co... re
, do pr .100
ll^aclqdo Oas.. 40
,h E & Weut,. 10% 12
;!!!,. .? ll? pr . 19 22%
,'7* r^.M Tob pr.101 ltf*
1U> IL-VV B lsc pr. 1,9 1M
\r,
1?2
.,"? Pr .101 113
Ma_.kay 1 c* . . (J6U 7(1
Munati Suifar.Illi, Hr>
.,d? W ?. 95 101 Vi
.Mai.hat lieaeli. 14 2V4
Mauliat Siilrt. 30 3H6
Marlln Kockw
|TtPld Tr.1.82 50O
! Twln City It T 80 35
L,do Pf . ? S3
| uiia Tj-pCTrrlt.167 176!.?
! T,u? Pr . ? 120
L t'Bot Aiu.ll.i 215
do Pr ..107 140
; Lnited Drug. .13* 137
; <lo 2d pr. ...130
iL'SCIPAP pr.. UH 50
I 1. S Kipross.. 30 3iu
ll 8 I Alo pr. 98 101
r. ? _, Bid. Asked.
J-' S B lat pr.mii 112
I- a 5 * II pr 47 I7*.
Va I C & PP 84 89
Vul Detiunlng. 24 ?_>?
Ho pr . ss an
Wabash pr B. 1\
W'rel Air Bke.lU
WlUoi! ('? p,. 9
Willya-Oror pr KS
WU CenW-al... 28
|W P&M pr A 85
112H
Dividends
?K,f?:^ ^|gfK ^lfH1^
Hklyn Ii (Jas 53
?.->wu Hlioe... 93
Kurns BriM pr.102
Buff B (ic T.. 50
i 'lo irr . ?
| Buff tc Kua<|. . ?
j dr.rr . _
! lUisli iVrm .. . ?
I Vi'.i South ... 41
I'drv.. 18
68
S8
115
<>
do pr
36
M'-x 1'etj-ol pr 95
Mich (.entral.. 85
i.M StP & B811 78
? do 1 i. 53
t?0 jM K & T pr. 16
69 ..Mont I'mv pr. 98
04 Morris & Ens. ?
100 |MuU Body pr. 97
50 l.Nash & Oiat.lOf,
:<0 ISnt Biscuit ..115
,? do pr .U4
205 jN ('ik ft a pr 97
illHiNat. r^an pr.,104?
16
100
69
118
116
H4Vi
100
108
Extras
r,fFilr*^;NaUo,na,' Ba"k-'An ?tra dividend
?L' ,p?erf,,<ent ha,8 be<>n ^erlared in addi?
tion to the regular quarterly dtvid?nd of
4 p^r cent, both payable April 1 to stock?
holders of record .March 24
Mftgor far Corporation?An extra divi?
dend of. ?2 a shuro hsa been .ledar^d in
addition to tho regular quarterly dividend
ot Jl a share on th" common and 1 A.
JSiin0^?' ?2 Vi8 Prefp"ed .-took.,, all pay-'
able March 31 to atockholdere of recofd
March "5
Rejfular Declarations
t of N ,I.;i8?
C * S A Tel. 110
1 rM.l'2C Iw Pr H* -/(NltnofMlsr'pr'"
i lile & Alton. 8 10%! ,|? n.i ?r . ,
?,* ?<? ??? ? ? }3V4 irV? N () T?x & M 46 4T^~
1 r?* *? 17" '. - ," N Y C & st, 1, 32 34
? vlJ'i'a!'! Pr ' SSu 10r' N ? OaSje'. ?>tt 65
i , ,fu \J pr' SS% ws \S Y I' & W. 86 90
S?,"?eab '.SS ,'f't Smt * W pr. 08 71 %
L'".wll V,"'1?? "2*N Falls V pr. --- 104
Col * S lat pr 51 53 Otla Elov pr. 89 <.*
50 OwotJS B M pr 9?>4 101
ffl il'aeldc Coaat.. 25
108 I do 2<l iw_45
80 ,Pa!i A Pet pr 175
Cruo Steel pr. s..6Vi 98% p..im l C br i
Me'ir SnJM }?WMilB&: Vo
OetT 1 n K Tl. ? lOOVj do ist nr 08
DuTa ^'a1^ ,8? SV?* pr'-m
Payable.
? Apr 1
do 2d pr.. .. ,
Ci.ii cigar pr.. 82
Cont Caii pr. .101
I t'ont lusur
60
200
95
62
110
1?4 H
, do pr ..
; Durham Hos.. 54 ?o
^do pr . 99 ioi
Elk lt Coal pr 38 u
fc-Jontuon pr..l00V? 102
I Erie 2rt pr_ 18 17
'? Gen Chem pr. 95 98
j (leu Cigar pr.. 97 100
r.ufr m a .\7 g;
_Q 8 sti lst pr 00'
P Kt W & C.120
Pltu. Steel pr. 89
P * W Va pr 73
Pr Sti Car pr.101
By StlSpg pr.lOSii 108
Rem Typew pr 96 95
do lst pr... o? 98%
Bflnas & Sar.,102 100
124
103
, , . , , , r, . Vi v flj 97
Honifstako ... 58 80
Int Faprr pr.. 85 109
Int Nickel pr. S5 8T
Int Salt . 67H 70
Iowa Comtral., 5 7
Jones Tea ... 2? o?
J Kayaor _105
KCFtSAM pr . 52
Ktlsey Whee!. 90
do pr . 96
10 llteplogle 8tooV. 37 42
Seaboard A L 8H 9
:|?*f?Hoeb pr.114 U9%
,8 P B Sutar.300 235
L d? Pr .106 112
(Rtana Mnilna.135 150
. 1 do pr. 80 90
:, Stew't Wamer iOK 42
115 ,Studebak?r pr.lOOW IK
63 'Super Strel pr.100',; 103
? TS.I.4W ctf?.. 11 1.-,
9? ' do pr ctfa. ., 18 23
Rate and period.
1 Am Stores. f 1, T.
j At Coast l.lne, J2.60.Q. .. Mar U
iCertt Ag Sug .new). J2. Q..Apr 'l
| Colonial Bank, 3, Q_ Mar 1
Cream Pack Mfg, 1%. Q..Apr 10
do pf, 1 i9, Q. A ,0
Crowell & '!'h S S. $2, Q..7.Xr 31
Ouqueane l.t pf, 1 %, Q . . . . Apr j
I Equltable Trust. ( . Mar 31
I Fidelity Trust, JVs. Q 7
'Fifth Ave Bank, 6, Q_ Anr 1
Ot Nor I Ore Prop 2.7. 7. .Apr 15
Howe Sound Co, 6c, Q.Apr 15
! I-awyers Mtge Co. 2 V4, Q. . Apr 1
iMech A M Nat Bk. S Q . . Apr 1
Paclflc Oas * Hl, $1.25, Q A?r 15
! People's Tr Co. 4, Q. . Mar3l
I Proc * Oambls pf, 2, Q . .a* ?J
Regal Shoe pf, 1%, q V" l\
nepRy&l/pf. ?4. t 7 7 Apr 16
steel & T of Am pf. \^. Q.Apr 1
T.nd^.rd Com M Pf. 1%. QApr 1
\*\T? 1^rT,(new)' "?'i0- I-Mar 31
n I ?.0od Prod- ?^. Q-.Apr 19
" S Worat lst pf, $1.76, Q.Apr 15
?m Inn'1!*,'" ?'? !H. Q...Apr 1
1^ S Ind Alc pf. l?4, q_Apr 16
*' .-.
French Internal Loan
Brown Bros. & Co. announce that the
official Bunscnption price on March 18
io^a if n*w French Internal Loan of
J9^0, based on the closing rate of ex?
change March 18, ia $73.63 a 1,000 franc
bond.
Stock?
holders
of rec.
Mar 20
Mar 20
Mar 2;i
Mar 20
Apr 1
Apr 1
Mar 20
Mar 26
Mar 24
Mar 29
Mar 31
Mar 24
Mar 20
Apr 1
Mar .11
Mar 30
Mar 25
Mar 20
Mar 31
Mar 20
Mar 20
Mar 24
Apr 2
Apr 7
Mar 20
Mar 31
In Wall Street
"Mr. Slick" ?t Work
^all Stnfet houaea are being warned
cgainat a "Mr. Slick," who ls operating
from a "white light" diatrict hotel. He
called up one of the largest investment
banking firms in the district one day
this week and, giving his name and ad?
dress, put in an order to buy a blocK
of bonds. "I'll aend a certified check
right down," said "Mr. Slick.' The
order was executed and the bonds cred
ited to the telephone "customer." A day
or so elapscd and the check didn't show
up, so the inveatment firm started an
inquiry which developed thc fact that
"Mr. Slick" was working an old game.
His plan was to navc the bonds pur
chased, and if 'ffccy advanced to claim
the profits. If they declined ne would
seek other fields and let the firm worry.
The Traction*
In investment circles there is an im
proved sentiment regarding traction
securities as a class. In analyzing the
reason for the crfinge, a public utility
banker yesterday pointed out the fact
that the fare has been increased in 413
cities, compared *yith 312 seven months
ago. He alsfl astferted that, generally
speaking, those cities which had granted
a fare increase were more prosperous
! than those which had not.
Canadian Bonds fn Favor
In the heightened activity in the
| bond market of recent days Canadian
? issues have been in particular demand
i The new offerings of the Provinces of
I Quebec, Ontario and Manitoba were not
j only quickly gobblcd up, but also the
I floating wupply of outstanding Canadian
Iprovincial and Dominion bonds was sub
| stantially reduced, according to bond
i men Most of the business in tjie Cana?
dian issues has been done over the
counter.
Food Products on 6 Per Cent Basis
In declaring yesterday a quarterly
dividend of 1% per cent on the com?
mon stock, directors of the United
Statea Food Products Company placed
that issue on a regular 6 per cent an?
nual basis. In January, 1918, the board
inaugurated a policy of declaring quar?
terly dividends at an annual rate of 2
per cent with 1% per cent extra for
each quarter, making 8 per cent a year.
In reality, therefore, the amount now
being received by Food Products
shareholders is less by $2 a share,
reckoning both the old and new divi?
dends on a yearly basis.
"Caveat Emptor"
i "The woods," said C. A. Morse, of
I Clark, Childs & Co.. yesterday, "are
i full of speculative cliques that were
i left with large loans of special specu
! lative stocks that were difficult of
! sale and expensive during the money
j stringency, and which are anxious
I to let tho public have some of
j their wares. It is for this reason
I that 'caveat emptor' should be the
I trader's motto just now. There are
i also underwritings of new speculative
| issues which were never distributed,
> and as to which one should make the
i most careful inquiry before buying and
j not be led astray by big trading in
unfamiliar stocks."
"What Do You Think of the Market?"
The exchange member of a Stock Ex?
change house: "I still find that few
important traders are taking up a posi?
tive stand with regard to the market.
Many of them are rather skeptical ol"
the ability of the market to go ahead
for any length of time at its present
pace. Most traders have been buying
stocks for a turn during the last "few
days. A short while ago they were
selling them for a turn. Sentiment
has not yet completely crystallized.
Meanwhile, I think, we may have quite
a reaction between now and the close
Saturday. After all, that would be a
good thing for the market."
Stutz and General Motors
Stutz Motors again fumished the
tireworks in yesterday's stock market
and followed up its IV% point gain of
Wednesday with an advance of 20%
points. The closing price of 190. com?
pared with 100%, the low mark reached
early in the year. fn connection with
the spirited buying of recent days re?
ports were heard that n plan is 'under
eonsideration by which the General
Motors Corporation will offer seven
shares of its new no pnr value stock
for one share of Stutz. Like many
other reports that usually crop up ln
connection with strength in the inde?
pendent motors, this one lacked offi?
cial confirmation. The fact. however,
that the recent buying of Stutz has
been so urgent had led many in the
Street to believe that there may be
something to the General Mot.ora story
alter all.
International Paper
Current strength of Internat.onal
1 aper common stock, which got up to
91%, setting a new high record price is
said in the Street to be largely tlie re?
sult of pool operations base'd upon ex
; pectations of dividend action before
many months. The annual renort is
due to make its appearance within a
few days, and according to unofheial
estimates is expected to show a bal?
ance available for the common stock
equivalent to approximately $25 a
share. International Paper Company
interests, according to Canadian ad
. vices, have taken over the puip and
paper plant of the Aroostok Pulp and
; Faper Company at Keegan, on the St
John River, a short distance above
Great rails N. B., from the company
headed by A. R. Could, of Presque Isle,
j V0 transfer, which has just been
made to the American Realty Company.
i a subsidiary of the International, in
; cludes, in addition to the pulp and
j paper mill, the holding grounds and
! !?? llgh? ?f the c?mpany along the
bt. John River, on which the mill ia
located. It is anticipated that large
Jfant10"8 bC madC t0 thC V?*?1
Lake Superior Corp.
Settles a Big Claim
Announcement was made yesterday
by W Hi Cunningham, president of the
Lake Superior Corporation, that nego?
tiations have been completed with the
bondholders' committee representing
the Algoma Central & Hudson Bay
Railway Company and the Algoma
, ( entral Terminal. Limited, in London
; subject to ratification at meetings to'
I be immediately called, in full settle?
ment and discharge of all defaults in
guaranties given by the Lake Superior
, Corporation.
The settlement in effect reduces the
guaranteed obligations of the com
; pany from $15,080,000 to $0,003,200 in
; principal and from $754,000 to $300 160
j in annual interest.
The Superior Corporation, in consid
. erntion of its being relieved of the
: guaranty of ?8.0O4,S00 of bonds and
, in full liquidation of unpaid uccumu
; lated guaranteed interest approximat
: ing $3,000,000, agrees to deliver for
distribution to the bondholders $4 000 -
' 2? ?ar Vttlue out of an >ssue of $16 -
500,000 Algoma Steel Corporation sec
l on^ pIr"r^d 5 Per cent stock, class A,
? and $3 000,000 par value out of an
issue of $6,500,000 Algoma Steel Cor?
poration second preferred 5 per cent
stock, claas B.
Under the settlement the Lake Su?
perior Corporation ia to be reinatated
in control and management of the
railway and terminal companies and
l tne ondnoldera' committee ia to eur
The Texas Coi
Three Year 7% Sinkiaf
Fund Gold Notes
Issue $35,000,000 will <**
i. prise company's only funity
i debt.
|j At present quotations marfcaj
| j value of stock following thej?
; notes $250,000,000.
Earnings for fiscal ye*
ended Dec. 1, 1919, 10% tinjt,
interest charges.
At Market
To Yield Over 7%
GLIDDEN, DAVIDGE
&C0.
Members N. Y. Sioclr Exchanat
20 Broad Street, New York
^
One of the Eastern Railroaili
covering the chief industrW
centers east of the Mississippj
?a continuous dividend paytr
for 65 years?overlooked ia
the present market?
PENNSYLVANIl
RAILROAD CO.
which in perfinept for an analyrfi ?,
thl? time?so we hav?_ prepared a
special report.
FIVE ESTABLISHED OILS
that have not a? yet parMrlpatad t?
any 'xlent in the market movercm
generated by th* higher pricea for otl
and Ite producta.
In addition to the above. the wuil
features and disc~usrAor>ii on:
Corn Produrts Amer. Safety Ka_r.tr
. Studebaker No. Am>r. P. 4P,
Baldwin lx>co, f'arib S.vndirata
in the Current Issue
MAHKBT OPINIOX
Gratis on request for B-$T.
R.H.MACMASTERS0C8.
Memberr. '.onsolidated Stock rxch.t y, y
69 Wall St. New York
Hanover 9536 Grouv.d Fiaot
Montgomcry-Ward
Submarine Boat
Gilliland Oil
Phillips Pet
Glenrock Oii
Mtdwest Oil
Comprehensivc articles
on above given in cur?
rent issue of our weekly?
Financial Forecast
Free on request.
Ask for .Vo. 50.
ESTABLISHED 1906
41 BROAD STTNEWYDRJt
Phone-Bnxid 25
Robinson & Co.
Investment Securities
16 Exchange Place New Yarfc
Uemoers A*eu> York Stock Kzchanpt
HARRIMAN NATIOMAL BANK
Fifth Avenue &. Forty-fourth St.
New York
JNKING KOURS FROM 8 A. M. TO 8 PM
SAFE DEPOSIT VAULTS 8 A. Nt. TO MIDNIGHT
LIBERTY BONDS
All denominations bought far eata
Baaed on th* rloalnr w? pay
$18.50 for n $r>0?Wfj. Bond, 55 Coupon*
S45.16 for a S.-.O?id 4*,4*. Rnnri, I Coapon
St.VRrt for a Mi)?:t.l 4V4% Hond. No? oupon*
$45.38 for a ?50?llli 4 V^'i Itond, 2 Coupon*
S48.90 for a Jm>0?5th 4%% Bond, '. < oupon?
PURDY & CO.,
r*l. John 3174-5-C-7. 34 Plaa St.. H. I.
ronder free and unencumbered its
holdings of $3,000,000 out of ar. issu
of $5,000,000 5 per cent second pt;e
ferred stock of the Algoma Central 6
Hudson Bay Railway to tha Lake Su
perior Corporation as its sole prop?
ertv.
Wilson & Co. Earns
$10.34 a^hare in 1919
Wilson & Co., Inc. the packing
, house, reported yesterday an operatir..
income of $5,1.55,888 for the fiscal year
ended December 27, 1919, after deduc
: ing interest on current indebtedne^
and making provision for depreciation
and Federal taxes. Bond interest ar
fcorbed an additional sum of $2,394,662
leaving a surplus of $2,771,325, which.
*fter allowing for preferred dividend
requirements of 1733,298, was equal to
?10.31 a share on the 200,000 sharp
of no par value common stock ou?
standing. In 1918 the company earned
$34.49 a share on the junior stocK
issue.
The company's balance sheet showed
a dco&ease of approximately $5,000.,J<>?
in bills payable. The net quiek assets
were shown to be equivatent to $2.40
for each dollar of liabilities.
?
Bank of Kngland
LONDON, March 18.?The wecklr
statement of the Bank of England
shows the following changes:
.Total reR^rves. . . ?15.f 4S.000 [nc.{3.ttf.00?
?'irrulation .10'i,t?_:.0fl0 l>?o. 1.71o.0'>
> Kulllon .tlS.i70.07T ln.-. 2.JI.0.?'
i<ither seruriilea. 31.953.000 D?e. I9S.O0O
I I'ubllc depoaila.. 1)1,319.000 Dec. IP.fi.0 i
: oth<-r deposits. . 333,041.000' In<-. ft.Of.OOO
! N'otps resrrv?>... 34.93*.000 Inc 4.026.01 .
Oov't securities.. 42.053,000 Inc. 1.672.0..*
The proportion of the bank's rcaervs
: to liability this week is 23.19 per cent.
! last week it was 21.?2 per cent. Rata
j of discount, 6 per cent.
Stocks Ex Dividend
; Mar 19?Amer Tel & Tel. I
. Mar 22?Barrett Co pf. 1 a*
j Mar 20?Commerov, Nal Bank. 2 ,
j Mar 19?Continental Can . 1^
Mar 19? do pf. : ?%
Mar 20?Durham H M T Ct B. % and ??- ev
1 Mar 20?General Klectrte. ??
i Mar 20?Krees, S H. pf. . i \
! Mar 20?Middle Statja oil tfSM.77.10c
| Mar 30?M St P Sz HsB M l.aMX lines. 2
Mar 19?National Surety. ... ,
Mar 19?Northern Paclflo By.";* ' ' ,.
I Mar 20?Otla Steel pf_'.?.. ..' , ,*
IMar 20?I'cnney, J c, I'o.ump pf IV
i^?r20?J|e?ibone-irmHH#a i,t pf. . 7 iv
Mar 20?Ptercf. Oil &i per c?ot pf s
(MarSO?Unltad Frult ..^ \

New-York tribune. [volume], March 19, 1920, Page 16, Image 16
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 19, 1920, Page 16, Image 16 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 19, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924