New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 26, 1920, Image 16

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New-York tribune. [volume], March 26, 1920, Page 16, Image 16
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New-York tribune. [volume] (New York [N.Y.]), 26 March 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-03-26/ed-1/seq-16/>

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Motor Wheel
Corporation
8%
Cumulative First
Preferred Stock
A Preferred Stock
of unusual invest?
ment merit.
100 and accrued dividend?
Circular upon rcguert for AK-291
TheNationalGty
Company
?tin Mm: N?tiai.il City Bank SolidIri
Uptown OIIIm: Fifth S.v.. a 43rd 8t.
Correspondent O ?flete in over GO Citiss
Hartshorne,
Fales & Co.
Members
A/ett York Stock Exchange
71 Broadway
Telephone 7110 Bowling Oree?
Jelke,
Hood & Bolles
MEMBERS N. Y. STOCK EXCHANGE
BONDS
NOTES
STOCKS
for
Investment
40WALLST.,NEW YORK!
Founded 1797
Seasoned
Investments
30 Pine Street
New York
THE
MARINE
TRUST COMPANY
BUFFALO.N*.
SEVTiVT-ETH YEAR OF SERVICE
?-PITA!. AND SURPLUS
UVCNTEEN MILLION DOUARS
Bonds for Investment
Harris, Forbes & Co
Pin* StrMt, Cottwir William
?i
NtW YORK
as
Stock Prices
Soar as Demand
Becomes Urgent
Rebound Toward End of
Session Featured by Sen?
sational Movement of
Stromberg Carburetor
Stock market prices, particularly in
the case of the fast moving indus
| trials, underwent a remarkable rever?
sal in form in the closing hour yes
i terday, when prices surged upward in
I response to buying that appeared to
be of extremely urgent character. The
? movement had the appearance of an
oversold market rebounding on the
j covering operations of an extended
! short interest.
The sudden and striking right about
I face in the trend of speculative val
! ues after the market had pursued an
; uneven and hesitating trend in the
! fore part of the day, following the se
j vere recession of Wednesday, coincid
? ed with a jump in sterling exchange
I rates to the highest point reached to
j date on the recovery from the low
j of $3.18 established earlier in the
j year. The pound sterling at the top
| yesterday was worth more than $3.87,
j representing at this level a recovery
I of nearly 70 cents from its low record.
The action of stocks in coming back
j with such a display of vigor in the
i late trading suggested in the light of
! developments in the foreign exchange
j market brought a revival of reports of
i impending gold imports from England.
The financial community heard in
vague rumors in circulation in the
afternoon that a large shipment wns
close at hand and might be announced
before the end of the week. A loss
of $12,500,000 in the gold holdings of
the Bank of England, disclosed in the
weekly statement, was thought in
some quarters to reflect withdrawals
I made for export to the United States.
Whatever the basis of the reports of
gold imports, they certainly played
an important r?le in the stock market
I and served to hurry the covering op
j era.tions of the professional shorts.
For the great part of the stock mar?
ket session the trading element
showed itself to be worrying over the
new turn taken by the money market.
Dealings in the forenoon were con?
ducted rather cautiously, with the pro?
fessional traders continuing their raid?
ing tactics in the industrial list, forc?
ing recessions that pushed many of
the leading issues below the levels es?
tablished the preceding day. General
Motors, the spectacular feature for
several days past, continued in the lime?
light. It broke to 360 on the fore?
noon dip, but on the afternoon rise
advanced to 385.
The sensation of the day, however,
was supplied by Stromberg Carburetor,
which shot out ahead of the whole in?
dustrial group, advancing by leaps and
bounds from an early low of 70 .to a
high of 94. It closed 17 points up, at 93
Strombcrg's extraordinary performance,
which was plainly the result of manipu?
lative effort in a stock in which the float?
ing supply is extremely small, touched
off a general covering movement that
extended to all pr.rts of the industrial
department. And when Steel common
joined in the rise, that simply added
to the troubles of the bear element.
Other strong spots on the rally were
Baldwin Locomotive, Republic Steel,
Pan-American Petroleum, Mexican Pe?
troleum and Bosch Magneto.
Copper and smelting shares consti?
tuted a strong group. There was active
buying of these issues in the after?
noon. The striking statement made by
John D. Ryan, head of the Copper Ex?
port Association, to the effect thai do?
mestic consumption in the last half of
1919 was greater than the total world
consumption in the best pre-war years,
did not come until after the close of
the market. It gives an entirely dif?
ferent side of the picture from what
Wall Street has been seeing for many
months.
A lack of credit hampered specula?
tive operations most of the session.
In view of the shortage in the supply
of money?call loans renewed at 9 per
cent, and the rate rose to 12 per cent
later in the day?the ?feme-back in
stock prices was especially interesting.
Bankers continued to hold to the posi?
tion that supplies of credit are not
likely to increase since country banks
are beginning to draw down their bal?
ances at this center in preparation for
the seasonal demands of agriculture.
-a
Money and Credit
Call money opened at 9 per cent
yesterday, the highest renewal rate for
| the month thus far, and got up to 12
i per cent at the close. This, however,
: was not as high as the 14 per cent
| rate of Wednesday. The reasons ac?
counting for the sudden jump on that
day were again present yesterday.
That is. checks paid to the government
as income taxes were passing through
the banks, which also had to meet ap?
proximately $8,000,000 of government
withdrawals.
The ruling rate for money yesterday,
compared with a year ago, follows:
Yestcr- Year
Call money: day. ago.
On mixed collateral.. 9 6Vfe
On industrial collateral 9 6
Time money (mixed col?
lateral ) :
Sixty davs.8(? 8 Vz 5 '2 @ 5 %
Ninety days.8@8% 5%@5%
Four months.8@8% 5%@5%
Four to six months.. 8@8% 5%@5%
Bank Clearings Bank clearings in
New York and other cities yesterday
were:
Exchanges. Balances.
New York _$885,602,346 $96,853,640
Bostcftv. 52,725,778 13,950,863
Philadelphia.. 74,574,751 23,432,345
Sub-Treasury United States Federal
Reserve credit'balance, $73,679,707.
Silver?London, 72y8d; New York,
$1.24%; Mexican dollars, 941/ic
The Dollar in Foreign Exchange
The pound sterling yesterday reached
the highest level since last December,
and francs, in sympathy, moved up?
ward, though to a lessei* extent. Lire,
which have been under selling pressure
at London, remained easy in tone,
marks were a shade firmer.
Yesterday's rates, compared with
those of a year aeo, follow: '
(Quoted dollars to the pound.)
Yester- Week
day. Ago.
Sterling, demand.$3.Sfi75 $3.7225
Sterling, cables-'. . . 3.8750 3.72
Sterling, sixty days... 3.8275 3.7050
Sterling, ninety days.. 3.80875 3.6875
(Quoted units to the dollar.)
Francs, checks. 14.14 13.61
Francs, cables. 14.12 13.59
Belgium, francs, checks. 13.72 13.12
Belgium, francs, cables. 13.70 ?13.10
Lire, checks. 19.67 18.67
Lire, cables. 19.65 18.65
Swiss, francs, checks_ 5.83 5.81
Swiss, francs, cables_ 5.S3 5.79
(Quoted cents to the unit.)
Guilders, checks. 36.70 36.50
Guilder?, cables. 36.85 36.625
Austrian crowns, checks .46 .44
Austrian crowns, cables. .47 .45
Sweden, checks. 21.05 20.I?0
Sweden/ cables. 21.15 20^40
Denmark, checks. 18.20 17AQ
Denmark, cables. 18.30 17.50
Norway, checks. 18.50 17.90
Norway, cables. 18.60 1S.00
Pesetas, checks. 17.42 17?67
Pesetas, cables. 17.50 17.75
Greece, checks. 10.85 11.15
Greece, cables. 10.90 11.25
Manila, checks. 48.75 48.75
Manila, cables. 49.00 49.00
India, rupees, checks... 45.25 44.56
India, rupees, cables \.. 45.50 44.75
Japan, yen, checks. J.-':. 46.00 46.05
Summary of Stock Exchange Dealings
(Copyright, 1020. Now Yorlc Tribune Inc.)
Yesterday.
Railroad ?.lock- . . . 128,700
Other stocks . 1,104,200
All stocks . 1,232,900
Yesterday.
U. S. g-overnm.nt bonds. $8,023,000
Itailroad -bonds . 1,102,000
Other bonds . 2,173,000
All bonds . 11,298,000
Day
Before.
144,300
1.580,200
1,724,500
Day before.
$9,456,000
1,098,000
1,807,000
12,361,000
Year
ago. 1920.
102,300 9,169,800
524,200 66,228,300
626,500 65,398,100
Year airo.
$7,794,000
1,116,000
3,874,000
12,784,000
January 1 to date.
1919.
7,091,900
33,248,200
40,940,100
1920.
754,911,000
83,689,000
103,846,000
942,446,000
1918.
8.249,300
28,141,800
36,391,100
1919.
$564,802,000
78,969,000
94,228,000
737,999,000
High.
1920.
36
45%
80?.?
2%
2 Va
53%'
?J?
95'. a
128%
61 ?4
146
54a8
15! a
125
30*8
122
53 Vi
fi'?
IO334
14%
87-4
IOSI/4
30%
72
1001,4
82
50
1401 2
1063,4
92 %
1003-4
74%
1651-2
61%
21?4
65?/4
17
27%
86%
82
9
93
176/2
75
19/4
14334
1021/2
38%
49%
134%
60%
31%
102! 2
114
17
15
124! 2
11%
29%
27 %
2?%
85'-s
46
134
104 5,
C1%
Low. Div.
1920. Rate.
25 ?
34% ?
C5% 6
11 ? ?
1% ?
36% ?
M 8
75 8
105 10
383,4 ?
124% 12
39%
11%
95
18%
90! a
38
53
87
12-14
74%
82
163,4
56
0334
80
39
123%
77
84
96%
5438
112%
38%
15%
54
Adams Expr?s* . .
Advance Kumely. .. . 3C00
Ajnx Kublier . 200
Sales. Open
800 34
400
400
42
75
2
2%
42
90
86%
?100
200
3800 114
41C0 47
2600 138
400 46
2000 12%
High.
34
42%
75
2%
2%
42%
90
87
119
47%
800
300
49
63
99%
13
83%
48
63
97%
13
82%
21400 101?% 103
2600 23% 23%
66%
95%
81%
46%
7 ?
23 ?
76 6
76 5
6% ?
84 7
137 10
63 5
13 ?
103% 3"
-8% 7
28 % ?
42 4
114 8
4934 ?
17% ?
81% 5
108 8
10% ?
10 -?
93
Alaska (?old Mines.
Alaska .luneau ....
Allis-Chalmers . 2100
Am Agr Chemical...
Amcr Boct Suirar....
Amcr Ilosch Mag....
American Can .
Am Car & Fdry. . ..
Amer Cotton Oil.
.80 Am Drus; Syndicate.
6 American Express. . .
- Am Hide & Leather.
Am Hide & I. pf_ 2900 112% 114
Am Ice Securities. .
Am Ice Secur pf. . .
Amer lnt Corp. 22600
Amer I.a France.. . 600
American Linseed... 3900
American Locomo
Amer Ship o- Com.
Amcr Smeltinu . 6900
Amer Smelting pf... 400
Amer Smelting pf A 600
Amcr Steel Fdry_ 4200
American Sugar ....
Amor Sumatra Tob. .
Am Sumatra Tob pf
American Tel & Tel
Amor Tobacco Sec. .
American Woolen . .
Amer Writ Faper pf
Amer Zinc .
Anaconda . 18900
Ann Arbor . 100
Ann Arbor pf. 2.10
At, Top & San Fe.. 3200
At, Top & San Fc pf 800
All, Birm & Atl_ 400
All Coast Line . 300
All, Gulf & W I_ 2600
All, Gulf & W I pf. 100
Auto ?Sales Corp.... 403
Baldwin Loco Co.
Baldwin Loco Co pf. 200 100
Bait! & Ohio. 2000 35%
BaKi & Ohio pf. 200 46%
Barrett Company . . . 600 121
Barnsdall . 2100 49%
Bethlehem Motors .. 3100 26%
Low.
33%
42
75
2
2%
41%
90
86%
Net
chue. Bid. Ask.
Close.
33%-f- %
42%
75 -
2 - %
238
42%-!- Va
90 + 2%
87 + %
11234 118%-!- 6% 118% 119
46% 47%-f % 47% 47%
139% 1363/4 138%+- % 138% 139
46 46 46?1 47 48
13 12% 13 + % 13 13%
300 1_*1t/4 121% 121% 121%? 33/4 120% 124
4600 26 26% 25% 26%+ % 26% 26%
34
42%
75
2
2%
42%
87%
86%
35
42%
76
2%
2%
43
91%
87%
Va
111 114 + 2% 11334 1141/2
48 49 + 1 48% 49/j
63 63?1 63 64
95% 99 -{- 1% 93% 99
13 13 - 1234 13
82% 83% + % 83 83 Vi
99% 102% + 2% 102% 102%
23
65
95%
81%
453/4
68
95^/t
82
471/4
200 129% 129% 129% 129?4 +
16100 99% 103 96% 103
88 88 88
97%. 96% 97
23%?
67%+ 2
95%?
82 +
47%
200 88
2100 97%
24300 65%
17800 132
400 48'%
200 18%
23%
67%
96
81
47
130% 130%
+ 3% 102% 103
1% 86% 90%
% 97
23%
68
96%
82
47%
97% ?
6534 ;
132% i
49% !
19%
63*,
12
25
83
800 78% 79% 783-a 79%+ % 78% 79%
400 7 7 7 7 ? 1% 6% 7
300 88% 88% 88% 88%? %' 88 90
2600 156 157 155% 157 ? % 156% 157%
100 66 66 66 66?1 65 67
403 12% 12% 12% 12'/s!? 1% 12% 15
968C0 131% 134% 128% 133%+ 3% 133% 134%
66% 63 65%+ % 658,4
132% 127% 132 + 1% 131%
49% 48% 49%? % 48%
19 18% 19 - 19
6334 61% 63%+ 2% 63%
12 12 -12?2 10%
25 25 25 - 24%
83% 82 82%? 1% 82%
Beth Steel. Class B.
Beth Slecl 8% pf.. .
Bkljn Rapid Transit
Booth Fisheries Co..
100
3534
46%
121
50%
273/?
95
9934 100%
35% 35%
267C-0 94! _
800 112% 1121/s
1800 14% 14??
400 12 12
73?
22
15
17
74
27
1151
72
4;
_!'4
155% 117/
10% 7
27%
42%
01%
i'1%
110
41%
78
66%
21%
41%
40%
44%
??7
51%
65%
)67
56
92%
203-8
93%
13%
95%
107
34I/2
62%
255%
100
56%
85
&934
10%
13
..8
44
147
15%
25! s
95
90%
135
43
30%
19!/
21 2
30% ?
45/4 ?
75 7
78 6
,?: 2
64 ! 2
54
15%
31%
?338
36%
20
47%
36%
53
44
V5
16%
78
10%
10 Burns Bros . 4900 119%
% Butte Copper & Zinc 900 9%
? Butte & Sup Copper 700 25%
? Bultcrick Co . 300 18'%
? Caddo Oil . 400 22
6 Calif Packing . 1800 80
? Calif Petroleum _ 2600 38
10 Canadian ?'acilic_ 2100 123
5 Central Lralher _ 5600 85%
4 Cerro ('.-> Pasco. 3700 52%
10 Chandler Motors _ 5700 144%
? Chicago f.t Western.. 100 8%
2 Chic fit West pf. . . .
Chic, Mil & St Paul.
Chic, M & St P pf.. .
7 Chic & Nwn.
6 Chic 5'ntum Tool....
? Chic, R I & Pac_
7 Cii, K?_P 7% Pf
6 Cii. T' I & P 6% pf..
1%
120/2+ 1% 120/4 120%
900 24%
50:0 38 38 36%
6100 53% 55% 53%
800 87% 87% 87
1900 103% 103% 100
3100 36% 36% 357?
703 75% 75% 75/
400 65! 2 65% 65/
14134 145%
8%
24%
54%+ 2%
3
122 %
85%
54%
145% 147
5% 1013/4 105
C'uio Copper . 5100
Chino Con Cop. 1600
Coca Cola . 4C0
Co! Tue! & Iron. 1000
Co". & South. 200
Coi & South 1st pf.. 100
Columbia Graph _ .800
Col (.as & Elec. 200
Com Tab Hec. 40.J
Consol l.'.-us . 2100
192
75%
172
3%
410
85%
90
41%
85%
0 5 Vs.
4934
84%
41%
38%
84%
4 3%
66%
18%
9 3 3-4
?6%
101 7
21% %
55 6
189 12
96% 7
3-/2 ?
79' 2 7
89% 9
9 ?
10% 1
20% ?
33 3
09 J
9% ?
17% ? "
65% 8
85 8
100/2 10
33 3
21 ?
12 ?
175 8
53% 6
152% .8
2% ?
2?a% 12
69', 2 6
84 7
64/s 6
36 ?
31% 2
68% 7
33 4
29% ?
5734 ?
?0 ?
60 4
13 ?
Steel . 12900 240
400 97
Con Int Callahan
Continental Can .
Continental Candy
Corn Produc?s . .
Corn Products pf.
Con Textile . . . '. .
Crex Carpet Co. .
CrucibI
Crucible Sleel .
Cuba Cane Sucar. . .
Cuba Cane Susar pf
Delaware ?Vc Hudson.
Don & Uio Crandc pf
Home Mines .
Elk Horn Coal.
Elk Horn Coal pf. ..
Endicott-Johnson ...
Erie .
Erie 1st pf.
Famous Players ....
Famous Players pf. .
Fisher Body .
F..->k Rubber Tire. . .
Frceport Texas .
Gaslon Williams . . .
General Chemical Co
General t'ixar .
Ccneral Eicc Co
General Elec Co rts.
General Motors ....
Gen .Motors 6% deb.
Gen Motors 7?0 deb.
tien Motors ctfs ....
Goodrich, ?? F.
Granby Mining .
Gray Davis .
(it ?Northern pf.
(.t Ncrrth Ore subs..
Greene Can Copper. .
Gulf Stutes Steel . .
Hondee .
Ilaskell & Bar Car Co
Hupp Motor .
Illinois Central ....
2600 18
1400 90%
8:0 10%
9?:0 51%
4C0 10S
2600 3134
200 60
242% 234'
2411,2 242
3100 115% 117
29C0 14 14
400 23 23
1600 78 78
200 87 87
200 128 128
3100 36% 36!
700 24% 26!
400 15(
200 190
200 68!
1800 159
2600 2,
34900 373
400 76!
800 90
49900 37!
1600 68'
200 46
700 35|
900 81
31C0 401
400 33
1600 66:
200 39
2C00 61
400 17
1600 90
',4
87 87?1 37
125% 125%? 434 125
3534 36%? % 36',.
24/2 26%-j- 1% 253.
15% 15%? % 15
190 190 ? 1% 187
68% 68%+ 14 68'.
167% 157%? 1% 157
2% 2%? % 2"
360 384 +18 384
76% 76%+ ?g 76
90 90 - 89
35% 38%+ 1% 38'
67% 69/4+ 1% 69!,
46 46 + 34 47
13' 2
69
613
4?
16'
125
J/4
111%
128
84'
69%
91%
79%
26^4
51%
2134
44'%
118
152'% 106
112% 6
27% ?
76/a 6
102% 7
72 7
60 7
70% ?
70 C
19% ?
25% ?
15% ?
38 ?
105 8
Inter Agricul . 1900
Intir Afrricul pf ,., _ .?qj
Inspiration Copper .. 9800
Inter-Cons Corp . . . 700
Inter-Cons Corp pf. . 700
Inter Harvester ....
Int Mer Marine ....
lut Mer Marine pf,.
Int Motor Truck . . .
Int Mot Truck 1st pf
Int Mot Truck 2d pf
JiiUr Paper . 12900 82'
Inter Paper pf stpd 400 76
Inter Nickel . 4100 21'
Iron Products . 1000 44'
Jewel Tea . 8C0 15i
Jewel Tea pf . 400 39
J Kayser . 300 105
Kelly Sprint-field . . . 800 130
)0 127% 127% 1277a 127% +
5400
5100 93" 93% 911,
400 126% 126% 124
200 77 77 77
200 65 65 65
36%+ 1% 36'
93% + Va 933,
126%- 118
77 77 77?1 76
65 65 65 - 63
843/4 82 84/4+ % 84
76% 76 76%+ % 76'
213-4 21% 21%- 21''
47 44% 47 + 2% 46'/
15% 15% 15%? % 15!,
39 38% 38%? Va 37J,
105 105 105 ? 1 100
130% 127 130%+ 3% 129
Yester- Week
day. ago.
Japan, yen, cabios. 46.25 46.30
Argentina, checks.102.80 102.15
Argentina, cables.103.00 .101.65
Brazil, Rio, checkq. 26.25 27.25
Brazil, Rio, cables. 26.50 27.50
Marks, checks. T:A2 1.2S
Marks, cables. 1.33 1.29
Czecho-Slovakia, checks. 1.34 1.33
Dividends
Extras
Illinois IlrirU Company?An extra dlvi
dond of 114 P<-*r cent ha.**, been declared Ir
ariUition to the regular quarterly dividen?
of 1% p?*r cent, both payable April 15 u
stockholders of record April S.
Regular Declarations
Rate nn'I Holden
l'i rlod Payable of Rec
A 'A. L & S pf..$1.50 Q May 1 April 1
Cosdon & Co... 62V?c - May 1 Mar 3
do pf. l- '-.-i* - May l Mar 3
Diamond Match. 2 Q June 15 May 3
!*. . ral Mot Tr. 3 M April 1 Mar 2
0'i\ Mot pf. 1 '?_? Q May 1 April
do 6s deb stk. lVi Q May 1 April
do 7s deb stk. i ?"., <> May l April
Great North Ry 1.75 w May 1 April
Garfleld Bank... 3 Q April 1 Mar 3
Inspiration C C. 1.60 Q April 2? April
Mass Gas. 1\ Q May I April 1
N & W R A PI'.. 1 Q May 19 April 3
U S S, H & M pf. 87V4 <} April ).'? April
to com . 1.60 Q April ir. April
Vir-Car Chem.. I Q May 1 April 1
do pf. 2 Q April 16 Aiiril
W 1' T & \V pf. m Q May 15 May
do cum pf. . . 3 \ L? May 1 April I
W?*st Pow pf... 1'3 Q April 15 Mar !
Winch Co 1st pf 3>,? S-A April 16 A&KJ1
do 2d pf..... I 1 April 16 Aj^?
Bid and Asked
loo
. Bid. Asked
\ni Acr Ch pr 00 iltj
Am lit siig pr 82 01
Ami J! S ?. I'' BO
do pr .21(1
Am Can pr... 97
Am r & i it 114
Am Cot O pr ?5."
Am Malt & o 35
Am Snuff ....110
do pr . j,ij
Am SU Fy pr 91
Am Sugar pr.114
A;u Tobacco... 250
do pr new.. 97%
Am Zinc pr... 54
Assets Itraliz. 4
A U ? 1st pr 65
do 2.1 pr_ 80
Aasou (ill _11
Auto S C pr. 2.
Kafi-pllaa Min 1
Hot II Steel . .. 8714
do 7% pr... 93%
Bklyn Edison, ft".
Bklyu Vu Oaa 52
Brown' Shoo. . 95
Cub Am Sui
; do pr ...
I. Ai VV
Bid. Ashed.
|l> A:
li G.
Edison
I letr
*>"\? ? do pr ... 7 *
38 Dura Hosiery. 5276
.?*,. d" Pl' . ?"?
90 Ihm-IlraiKlt ... 21
do pr . 82
Brie 2d pr_ 15^4
Fairbanks _ ?
116
260
97%
53
4%
18%
do pr
98
116
!?>! M & S..' 13%" 14 U
!p1,.,;,J'r?.,34% 36%
Fisher Hy pr.ior. 109
Gen Cheru pr. 94% >.iii
(Jeu Oigar pr. 98 100
!o pr deb. .. ?8?4 >.\?u,
80 89 "
94% 95
97
do pr
Brunswick . ..
Buff A Susq.
do pr
Cal 1'etrol pr ?9
?'ase J I pr. . 94
Cent Foumirv. 18
38
Bi" Gon Mot pr..
,'? IGoodrlch pr .
- jUulf M & N. 8
do pr . 28
G S St I 1st pr 90'4
Hartman Corp 8,*, ?4
Homcstake ... 55
?,. .Im Paper pr. . 90
:j? Int Nickel pr. ?,;.>,:
4 "Int. Bail .... 67?4
7n 'Jonas Tea ... 20
Kelsey Wheel. 7:t
dn pr . 9C
Keok & 1) >r 4
69
9016
I^ath pr. I0i% 104 i ,\? ,??'
A Alton 8 ^^^^^^^^
13
20
A E 111. 10'4
di pr
C A- N W pr IK
C SI V M A 0 ?0
m
.102
. 83%
. 88%
do pr
90
C C O A St L
do pr . 6.1
duett-Peab .. 91
do pr .100
Col Graph pr. Vt
Con Gm ..<.. I?
10% Kresge s"s'
}; l.do PT .
II ,hre%s & Co.
9% do pr .
120 I.ailrfle c,a_s
,i,, \. ,io Pr . 1C4 23%
?3% rjg 4 M Tob.l?2 IT5
Si*!,,do Pr .,102 108
9j ?Maekay Cos... 64 70.
o2i? w',1\.pr . 6* 6S
l91?M?nhu Est.. ?^ 60
Record of Stock and Bond Averages
(Copyright, 1920, Now Tork Tribune Inc.)
Rnnge thus
Day Year f?r 1920.
Yesterday. Before. Ago. High.
20 Railrond Mock?. 68.55 66.95 70.90 68.70
30 Industrial Mocks . 100.63 99.67 90.07 110.30
M Stock, . 87.00 86.58 82.40 92.06
10 Railrond bond? . 73.08 73.17 79.93 76.28
10 Industrial bond? . 88.83 88.77 94.81 91*45
5 irtiUty bond? . 73.60 73.58 85.60 74.53
25/Bonds . 79.48 79.49 87.02 81.71
LOTT.
58.60
88.70
77.14
71.76
80.77
73.48
79.48
Runge full
year 1919.
High. Low.
78.80
119.33
99.54
82.80
95.70
87.75
87.91
63.35
79.20
75.92
72.83
90.56
71.80
80?1
Ilign. Low. Div.
1920. 1920. Rate
27% 2
24%
63
28
401/-,
25'/a
17/a
33%
481/a
91%
38%
47?/4
32
28
183% 145/4 12
Sajes. Open.
4700 30%
5900 36
3/2
2
9
112 /a
136/4
44
37/a
124
222
2G
71%
52%
18!>'2
11
18
31%
4934
40
40
125
116
72Va
89%
12
86/4
110
6%
17'/2
47%
117
77/a
36 ;2
48/2
61
303/4
21 %
29
100/a
84%
77/4
50%
534
9'/2
41%
65
61/4
IO8/4
103/a
43/2
35%
41/2
32
68
42/2
8O/4
64
91
82%
23' '4
63%
91 i 2
9434
311/2
27%
104%
124
96
103
22%
88/2
94
124%
553/4
5C
110%
SO'/a
21%
16%
2E33
34
18
18/a
24?
13
9O/4
48%
9
98
108
43
18/a
117/a
1611/2
21/4
22/4
42%
9
G
8%
21
36
33/4
35/4
110
HI/4
44
83
72% 6
105 7
4/4 ?
14 1
39/a ?
92 10
64/4 5
26?,
30
45
23/
16
10
Kcnnecott Copper
1.20 Keystone Tiro ..
C Lnckawnnnn Steel . . 4400 75/4
- Lee Rubber & Tire .. 2000 34
Lchigh Vnllcy . 700 45/2
Lo?ws,,Jnc . 900 29'/a
Loft Candy . 400 1974
Lor?llard, P . 200 159
? Lorillord, P rls _ 200 8/4
7 Louisville & Nnsh .. 600 105
10 Manat? Sugnr . 300 115
? Mnllinson pf . 400 44
Net
Close, chge. Bid. Ask.
31%+ 1/8 313/8 31%
36%+ % 36% 36%
,4
68/4
503^
38%
434
6/2 -
28 -
51
44
71%
67%
40
20 ?
33 -
23/a ?
62
34%
50
63
91
4834 .
15%
SI/4
89
87
21/2
16
84
109
74
89/4
17/4
6434
62/2
? Maxwell Motor Co ..
7 May Depart Slores. .
10 Mexican Petrol -
2 Miami Consol Cop ..
1.20 Middle States Oil ..
4 Midvalc Steel .
? Minn & SC Lou new
? Mo, Kan & Tex -
? Mo, Kan & Tex pf. .
? Missouri Pacific ....
? Missouri Pacific pf.
? Monlsomery Wnrd ..
3/2 National Acme .
7 National Bisrut -
7 National Biscuit pf.
? National Aniline . ..
7 Nat Aniline pf ....
? Nat Con & Cable ...
6 National Lead .
7 National Lead pf. . .
Nat R R Mox 2d pf.
Nevada Consol Cop.
? NO, Tex & Mex ..
10 New York Air Brake
5 New York Central . .
? NY, Chi & St Louis
2/a New York Dock ....
5 New York Dock pf..
? N Y, N II & II. ...
1 N Y, Ont & West...
? Norfolk Southern ..
7 Norfolk & Western .
7 Northern Pacific ...
5 Nova Scotia Steel ..
4 Ohio Gas .
/a Okla Prod & Ref. . .
2100 33/a 34'/
200 12934 131
26100 194?.2 196
800 23'/a 23'/
32 32?
46'/2 46*
15/4 15?
9/2 9',
15 15
28/4 28S
45 451,
40 40
38 38',
24600
4600
400
300
100
2600
1600
11800
1600
/a
/4
400 116
200 116
6100 64/a
200 86/4
700 IO/2
800 81
200 109
400 5
400 14%
200 40
800 106
600 7334
200 32
300 33%
400 48
4600 33%
800 21
1000 22
800 95
3100 80/,
1800 62 /8
3900 43
2600 5%
106/s 105/2 105/a? 3/a IO5/2 1C8
37
34'/
937
64'/
13% ?
14/a 1
15% ?
23/2 ?
11 ?
12% ?
214 8
10% ?
73 %
34%
64
Ontario Silver . 1000
? Otis Steel . 2600
3 Owens Bot Mach ... 400
5 Pacific Gas & EIcc. . 2000
6 Pan-Amer Petrol . . 41800
7 Pan-Amer Pet B_ 1600
3 * Pennsylvania Rail .. 1100
? Penn Scab Steel _ 4600
? Peoples Gas & Coke.. 4C0
? Pere Marquctto . 900
5 Pero Marquette pf.. 300
3 Philadelphia Co _ 3100
4 P, C. C & St L. 300
? Phillips Jones . 1000
7 Phillips Jones pf_ 200
? Pierce Arrow. 34100
? Pierce Oil . 16C0
5 Pittsburgh Coal _ 1000
6 Pittsburgh Coal pf. . 700
7 Pittsburgh Steel pf. . 200
? Pitts & W Va. 2600
1 Pond Creek Coal. . . . 400
8 Pressed Steel Car... 2100
8 Pullman Pal Car.... 200
5 Punta Alegre Sugar. 3100
8 Rway Steel Spring... 430
1 Ray Con Copper. 2000
4 Reading . 18SC0
? Remington Type ... 2600
6 Rep Iron & Slecl . . . 67800
? Rep Motor Truck . . . 3C0
? Rep log le Steel . 800
50
99/4
92
4234
32%
5.50 Ryl Dtch N Y shares 10100 10214 102% 100
6 Savage Arms . 1000 73/8 73% 73
Sason Motors .'. 2600 17'/2 17'/2 163
88!:
100
105:
116
26%
58%
850 837
11334 112%
50
45/2
94
115%
232
58%
12/4
231
39
50
so y,
100%
41
9/
166'?
1C3
156/
25
01
43
20
40/
87
213
47
95/2
43/j
38%
53
10G
38 27?
125/2 110
148 1251
206%
13%
29%
25/a
55
78%
116%
56%
96'2
116/a
76
109
II534
80%
70
78%
91
IO/2
31
E8%
12%
176 10
8% ?
203,4 ?
1534 _
48 5
53% 6
77/2 8
40 ?
91'4 3
110'. 4 8
61''a 6
92'4
109?8
68%
St Joseph Lead ....
St Lou & San Fran.
St L & San Fran pf
St Louis Soulh'n .. .
Seab Air Line pf. ..
Sears, Roebuck ....
Shalt tick & Arizona.
% Shell Trans Ter. 7800
Sinclair Oil . 24100
Sloss-Shcff Steel & Ir 200
Soulhern Pacific .... 15800
So Porlo Rico Bug pf
Southern U R.
Southern R It pf.
Standard Oil of N J..
Stand Oil o? N J pf..
Stewart Warner ....
Strombcrg Carb ....
Studebakor . 48900 102%
Stutz Motors . 6900 245
Superior Sleel . 3100 54
Term Cop & Chem... 1000 10
Texas Company .... 21800 205
'1'exa.s Co full pd. . ..
Texas Co 30 p c pd..
Texas & Pacific.
Tobacco Products . . .
Tcmtor Corn & Fruit
Tran?con Oil .
United Alloy .
Union Ba^r & Paiier.
Union Oil .
Union Pacific'.
United Drug .
I'nned Fruit .
I nited Ry Invest . .
Lnitcd Ry Invest pf.
U S Cast I P & F..
U S C I P & F pf..
U S Food Prod _
U S Ind Alcohol ...
U S Realty & Imp..
United Retail Stores 12600 76}
U S Rubber. 28300 1C8
V S Smelt & Ref.... 803 67'/
67' .'? 68
1734 18
6O/4 61
90 92
83 91
0O/2 30%
20/a 21/4
99% 101
117% 119
8O/2 82%
98 97
IO6I/4 IOI/2 IO5/2+ 1% IO51/2 IO534
45 45 45?1 42 47
44 43 43 4- /a 43 45
102 4- 1% 102 102/4
7334? 1/4 73 74
17'/4.4- /8 17% 17/a
16%?
22/2+
32 ? Vz
16 -
163/4? /4
230 ? 4/>
11/2? V?
77 -
41%+ /8
73 ? 1
98% 100/a
112 112
700 16/a
2600 22/a
100 32
100 16
400 17
100 230
21 CO Il/a
76%
41/2
73/a
9934
300 112
5100 23%
G JO 57?4
300 850
1600 113!4
200 43
21600 76
%
2091/2 202 209 +
200 20334 20334 103% 10334?
200 199 199 199 199 ?
44% 42 44% 4
71 Vz C8'4 71/2-f
43/2 43 43'/24
251/4 23% 24/r
50 49 ? 49 -
Va 22
9100
5100
800
7800
1000
43%
69%
43'/a
2434
50
200 10334 105 100
3400 33'/2 33/a 313
4900 11934 1197a Hg!
200 136 _J36 136
100 195 195 195
2000 12 12/2 12
200 25/a 25/a 25',
400 20 20 20
100 54 54 54
3900 64/4 64/4 63'.
24600 94 94 91'
1800 511/0 615,4 51 ?
8212
14! a
66%
32
33
951/4
93%
59 '/8
76
7/s
20? ?
48/a
8%
201/2
43
64
9/4
49
22%
26
67 1
88
W ^ Steel. 861C0 100% 102 100/a 102 + 1/2
*Ex dividend.
U S Steel pf. 1?C0 113
I'tah Copper. 1C2C0
Vanadium Steel .... 161C0
Va-Car Chemical . . . 409
Va Iron, C04I & Coke 200
Wabash . 18C0
Wabash pf A. 400
Wells Far?o ;-:-tp. . . . 300
Western Maryland... 100
Western Pacific .... 6600
Westinghouse Mfg .. 1800
Wilson Co . 1400
Wheeling & L K_ 400
White Motors . 7800
Wiilys Overland . . . 10900
Wisconsin Central . . 300
Worth Pump & M. . 4100
Worth P & M pf A. 100
112% 112%? V/a 112
?/a 77%+ 2/a 77
?/2 66/2+ 2 66!
! 72'/4+ 34 73
1 8j - 83
1% 834? 4 z
BU. As'uxl.'
Vlnx.hat Shirt. 20*4, 31% Pacific Coast .
Mar Un TUx'l.w 5.S 60V4 ?' ' -<1 I r.,
Martin Parry. 28 33 I' Ft W & (.'.
Max M 1st pr 56% 58 I" H .' of N i
do 2d pr.... V 30 l?r din : ! ?1 pr
M StP & SUM 74 ?-% ?I ? '.' ? pr. . .
j do pr . 'Ill fid SI !. :-'? Y. i .
? M 1 1. 53 58 T ??? V I. I IV
; Mont Pmt. . 65% 68 'I" :' '. ; l?l pr
i do pr . 98 inn Vul Detl ml ?
; MiiuMns Body. 41H 14 ! 1 ? a .
Xai f*lk ?_. bt 6!) 70 \". ? Air Ilk..
? la pr . ??6 Ml Woolworth ...
Otis Elevator.. 136 189%' do pr .
Poro Marq pr 48 4?l V lav ?I pr li
Stocks Ex Dividend
Mar 31?AlllB-Chalrners ilfg ? . 1%
; Mar 26? Associated < ??1. 1%
j Mar 27- ?.tlantic National '?',. a \ & 2',.
; Mar 31?Central Coal <_ Coke. 1%
Mar 31?Central Coal <_ Coke pr. 1 ':,
.Mar 30?C, C C ?*?? Si I. i".\ p.. 1 14
Mar 31?Consolidated Textile..... a,
1 Mar .9?Continental Candj Corp Trap. ',
? Mar 31?Duioit Edison. 2
Mar 81?Fifth Aw ma Banl. f.
! Mar 31 ? First National liana.Xi)
Mar.11?General (.'Ivan >x In com atk. 2 -
; Mar 31?Cold and Sunk Tel. ! >:,
Mar 29?Great Northern Iron Ore Prop.
Trust Ct,!'s- Ben lilt. 2
Mar 31?Kansas city Southern pf. 1
Mar 27?Kayst-r ft Co. 2
; ?Mar 31?Monongahela Val Tr pf. ?xj
! Mar 31 ? National Biscuit. 1%
i Mar 27? N Y. Ontario & West Ry. 1
! Mar .'.1?Niagara Falls Power pf. 1 \
! ?Mar 31?Otis Elevator . 2
Mar 31? do pf. 1%
' Mar .11? Pan!lie? Gas ?in.1 Blec. 1 "4
! Mar 31?Paclfio Tel and Toi pf. 1 '.
: Mar 26?Public Servira- of ?\ J. 1
I Mar 31?U S In? Alcohol'pf. 1%
The London & Rivar Plate Bank. Lim?
ited, has opened u.' branch at Pelotas,
; Brasil. " ^
.Exports of Breadstuffs
Show Great Decrease
Bu? Shipments of Cotton Gained
90 Per Cent in Value
in February
WASHINGTON, March' 25.?Exports
i of breadstuffs and dairy products de
\ creased in February as compared with
the same month a year ago, but cot
j ton shipments increased both in bulls
| and value, according to a review issued
to-day by the Department of Commerce
Shipments of breadstuffs were valuec
; at $44,000,000, as compared with $56,
000,000 the S*!.me month last year, anc
meat arid dairy products at $57,000,000
against S95.000.000.
Cotton exports increased 42 per cen
in weight and nearly 90 per cent ii
, value, owing to the increased price o
the * liber. Shipments totaled 040,00?
? bale;?, valued at ?185.950,127, agains
; 140,000 bales, valued a* $73,552,274, ii
February a year ago.
Cottonseed oil exports were valu.
at $20,000,000 as against $32,000,000.
i Little change was shown in the out
[ward movement of cereals, except when
exports, which fell o.T 1,000,000 bushel:
Exports of wheat for the eight month:
period totalled only 87,000,000. bushel
against 120,000,000 bushels for the saw
i period in 1919.
In Wall Street
Exchange Slump Booms Marriage?
Using depreciated exchange to win
husbands has appealed to at least one
wealthy New Yorker, ?with relatives in
Vienna. When the crown, normally
worth 50 cents, was quoted a few days
?ago at 4-10 of a cent, this individual
j bought 250,000 crowns at a net cost ot
j $1,000, and sent them to distant, poor
female relatives. The object of tno
transaction was to give them dowries,
which arc important assets in the mar?
riage marts in that country. The gift
was regarded as munificent on the
other ?ide, because the purchasing
power of the crown has not depreciated
quite as much as its exchange value.
Doubling the Stock Tax
The high cost of stock speculation
stands to go higher if the bill reported
in the Assembly at Albany by the tax
committee, amending the tax law by in?
creasing from 2 to 4 cents per hundred
shares the tax on transfers of Tstock is
passed. "The proposal to increase the
tax on stock transfers," said a Wall
Street man yesterday, "is a positive
step in the wrong direction and a
dangerous step, because its deadening
effect at first is imperceptible and*only
realizf- when a-general slowing down
I reveals the drying up of funds which
i maintain the indispensable condition of
an active securities market, whereon in
I vestors may at any time of need liquidate
their holdings. When stocks are buoyant
and everybody is making money
the tax of $6 for every hundred shares
is not seriously felt, but when stocks
become <_uiet the maintenance of a
market depends upon the trader who
is satisfied to buy and sell on a narrow
market for a small profit. With the
imposition of the proposed addition,
the state tax will go a long way on the
road to eliminate the very useful, if
not essential, offices of the trader,
thereby depriving the Becurity holder
of a fair market upon which to liqui?
date." It is also pointed out that al?
ready the financial center carries a
disproportionate part of the state tax
burden.
Lucky Money
The spectacular leap of Stromberg
Carburetor from 73 to 94 yesterday af?
ternoon?the biggest part of the rise
took place in less than an hour?made
some easy money for a couple of lucky
specuL-Uors. They bought jointly a
call on 100 shares of Stromberg, good
j for the day, the call price being .85.
| The option cost them less than $50. By
j the close of the day it was worth close
to $900.
A Long Range Call
New Street privilege merchants of?
fered a call on ?Steel common, good for
the balance o.f the year, at 125 yester?
day.
International Paper
P. T. Dodge, president of the Inter
I national Paper Company, denied yes?
terday reports that new financing plans
are at present under consideration. Ac?
cording to the gossip of the Street, the
company is preparing to issue $10,000,
000 bonds to raise working capital for
| development projects and new con
I struction work. Mr. Dodge also took
occasion to deny reports that a common
stock dividend declaration is contem?
plated by the directors. '"We are run?
ning our business to make paper," he
commented, "and not to speculate in
stocks." In regard to the general pa?
per situation Mr. Dodge asserted that
the demand is now running at approxi?
mately 3,000 tons a day in excess of
j the capacity of the mills. He said
1 that conditions had been aggravated by
I the neglect of many small newspaper
publishers to contract ahead for their
needs. The greater demand fqg news?
print, according to Mr. Dodge, has been
caused in a large measure by the big
increases in the amount of advertising
now being carried by the newspapers.
A Newcomer on the Board
The common stock of H. R. Mallinson
& Co., makers of silk, was dealt in for
the first time on the Stock Exchange
yesterday. Two hundred shares changed
hands at $43 and $44 a share. Those
close to the company estimated that it
would earn $5,000,000 before taxes this
yea-r if the achievements of the first
quarter are continued until Decem?
ber 31.
Steel Common's Book Value
Among interesting points disclosed j
in the annual report of the United
States Steel Corporation was the fact
that the book value of the common
stock, estimated from the figures of
the balance sheet, stood at $245 n share
at the end of 1919. Since 1916 there!
has been a steady climb in the book
value of Steel as a result of the rapid
expansion in assets. In that year the
book value of the junior stock issue
figured out at $196 a share. At the
end of 1917 it had risen to $201, and
by the end of 1918 to .$235. in 1919
$10 a share was added to its bo<5* value.
Melons on German Securities
German industrial corporations, par?
ticularly those in the occupied area,
which have been able to buy raw ma?
terials since the lifting of the blockade,
have greatly increased their capital in
order to finance the greatly increased
cost of inventories resulting from
high prices and the depreciation of
the mark in foreign countries. Those
Americans who are gambling in the
stocks of those enterprises have shared
in the cutting of several melons re?
sulting from this movement to increase
the capital.
Corn Products Meeting To-day *
Corn Products directors are sched?
uled to meet this afternoon, and it is
expected that, in view of the rate at
which earnings are running, they will
continue the policy inaugurated in De?
cember of declaring an extra dividend
in addition to the regular quarterly
distribution of 1 per cent due at this
time. Those who profess to be con?
versant with the1 affairs of the com?
pany state that earnings for the March
quarter will be ahead of those for the
corresponding period a year ago. This
report, however, will not bo made pub?
lic until a month from to-day.
Union Oil
The Union Oil Company of Dela?
ware, it was learned yesterday, has
bought the properties of the Wayland
Oil and Gas Company, comprising 13,
939 acres in West Virginia. It is
stated that the .oil from these leases
forms largely froim what are known as
the.Big lr.jun and Berea sand3, and
is classed as a Pennsylvania grade
crude.
Bank of England
LONDON. March 25.?The weekly
statement of the Bank of England
shows the following: *
Total reserve. . . ?33,OO?,000 Pec. ?2.452.000
Pirr-ulatlon .... 101.137.000 Dec. 35.0O0
Bullion . 115,783,186 Dec. 2.4?6.8?.l
Olhf'i* securities! 91.I4 2.000 Dec. 811.000
Public deposita. 1r'.fi?3,000 Inc. 1,344,000
Other deposits.. Kl.767.000 Dec. 1,274,000
Note? reserve... 32,623,000 Dec, 2.417,000
; Gov. securities. 45,394,000 Inc. 3,335,000
The proportion of the bank's reserve
to liabilities this week is 21.84 per
cent; last week it was 23.49 per cent.
i 'Rate of discount 6 per cent.
-??
Bank of France
PARIS, March 25.- The weekly state?
ment of the Bank of France compares
as follows (in francs):
March* 2 4 March ?7
Gold on harta. 5. !>B 4,026.000 6.583.113.000
Silver . 217.158,000 248.76S.000
Circulation ...37,568.064,000 38,160,008,000
Gen deposits. 8,616,662,000 8,884.788,000
Bill? dlnc'nt'd. 1.77 7.640,000 1,670,417,000
Treasury ?Jo?.. ??.300,000,000 26.800,000,000
?Advance*...?.. 070.436,000 WottHWOO
We recommend an
underlying
Closed
First Mortgage
Railroad Bond
Due in 12 Years
The obligation of one of fa
few railroads which last
year showed a profit to the
Government.
Pince to Yield
6.25%
GLIDDEN, DAVIDGE & CO.
Members A'.n> York Stock Exchanit
20 Broad Street, New York
Developments in the oil sita
ation are causing a keen fa
terest in the well established
oil companies. A discussion
and analysis on?
SINCLAIR
CONSOLIDATED
is pertinent at this time be
cause of these developments
and particularly from the mar
ket standpoint. Also
FIVE ACTIVE STOCKS
that, regardless of marke* fac
tors, maintain their leadeVshi. '
day after day. F j
In addition, there are several aflu?
regular features and discussions cv
KoyaJ Dutch -{van I'et ?
Stntz Motors | . s. Mea'mihi- i
Transcontinental ?ritl-ii^m.To.. I
In tho Current Issue
MARKET OriXlOS
Gratis on request for B-Z% -
R. H. M'cMASTERS & GO
Members Consolidated StocTc larch, .Y y
59 Wall St. New'York
Hanover ..30. Ground riser
Elk Basin Cons.
Refining units recently
added give this company
the third largest re?ning
capacity in Wyoming.
Complete details given
in current issue of?
Financial Forecast
Other Issues Treated.
Invincible Oil
Anglo-Amer. ?Oil
White Oil
S i mm? Pet.
Cities Service
Sent upon request.
Ask for No. 51.
M S Wolfe SCo.
ESTABLISHED 1S06
41 BROAD ST., NEW YORK,
Winchester Co.
Common
Circular on Request
J.K.Rice, Jr.&Co.
Phones 4000 to 4010 John. 36 Wall St., N.T
Fpan/?in
Trun Campa?
Eaahlhbtd i m -?
New York & Brooklyn
Robinson & Co.
Investment Securities
26 Exchange Place New York
Members Kew York Stork Fxcsang*.
Winchester Co.
Texas Pacific Coal & Oil
Guaranty Trust
McCLURE, JONES & REED
Members A'eto l'orfc Stock Erchang*
115 Broadway Phone 7662?**^'
Bankers Invade Argentina
Americans to Operate Institu?
tion Jointly With Native Inter?*?*
Organization of a bank in the Ar"
gentine Republic, operated jointly *'
Argentine and American interest* t"
foster reciprocal banking and trade r
lations between the two countries, ?"?
especially to finance exports and U?'
poi*ts, was announced here last nig"1
The Argentine group, which took the
initiative in organization, include?
Romulo S. Naon, former Ambassador'?
the United States; Julio Pena, presi?
dent of the Stock Exchange, Buenc
Ayres; Miguel Padilla, president el ?
Central Cordoba Railway; V. \ ill??"*
J. M. de Acosta, Horaco Beccar Vare?,
Pedro Bercetche, merchants, and MP?
Lamas, banker. ,
The American grouD includes Bro?
Bros. & Co., J. & W. Seligman & ?-'? ?
the Columbia Trust Companv and tw
Guaranty Trust Company, New ?or ;
the National Shnwmut Bank, Host0,',
the Anglo and London-Paris Nat??*'
Bank, Sin Francisco; the Hibern ?
Bank and Trust Company, Ne* U'
leans; the Continental and Comirsrcis
National Bank. Chicago, and the uua
dian Savings and Trust Cumpa?.
Cleveland. ...
Dr. Manuel de Yrionda. former.
Minister of Finance in Argentina ?*"
for many years president of the B**1 K
de la Nation, is understood to nav?
agreed to accept the presidency ol ??
new institution,. ..-??**.

New-York tribune. [volume], March 26, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], March 26, 1920, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924