New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 02, 1920, Image 12

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New-York tribune. [volume], September 02, 1920, Page 12, Image 12
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New-York tribune. [volume] (New York [N.Y.]), 02 Sept. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-09-02/ed-1/seq-12/>

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MACKAY&CO.
BANKERS
We will be pleased to
prepare lists of long term
bonds suited to individual
requirements which will give
the investor die benefit of
present high yields over a
long period of years.
14 WALL STREET
NEW YORK
Member? Ne? York Stock Exchange
COUPONS
Payable at Our Office
September I. 1920
OZARK POWER
& >WATER CO.
1st Mtge. 5s. 1952
SUMMIT COUNTY
POWER CO.
1st 6s, 1927
UNITED WATER.
GAS & ELEC. CO.
1st & Ref. 5s, 1941
Henry L. Doherty
& Company
60 Wall Street New York
-?
Railroad Bonds
are now selling at prices
which allow a return of from
5.50% to 10%
With the recent increase in
rates such bonds should ap?
preciate materially in price
as the purchasing power of
the dollar approaches nor?
mal.
We shall be pleased to sug?
gest to investors upon re?
quest, and without obliga?
tion, bonds which seem best
suited to their individual
needs.
Colgate.Parker & Co.
49 Wall Street New York
MEW DESCRIPTIVE BOOKLET
18th Edition
Revised to Date
On
STANDARD
O
Mailed ? * Upon
Free . Request
ISSUES
This booklet contains all the 1919
financial statements of the Standard
Oil companies issued to date, to?
gether with other important in?
formation and a comprehensive re?
view of die general oil situation.
CARL H.PFORZHEIMER & C0?
Dealers ta Standard Ou Secarities I
2SBroadSt PbooetBroed48?0-l-2-3-4
=n
JMlLLERJ&Go.
.Membera
NesAork Stock Excrumste
Securities Bought for In?
vestment or Carried
on Conservative
Margin
120 BROADWAY
Branch Offices
212 FIFTH AVENUS'
?vco^26'ar<ucT
IjON??ACKE BUILDING V
N IKOH.A2M.9T 4-SROADWAV
NRWYORK.
Guaranty Trust Co.
Baoker? Trust Co.
National City Bank Right*
MoCLURE, JONCS * REED
tfmter? ?tew York ?took 4*0*0*0?
SI? B?a*tf?ray VU*?* AAt\ ???.tor
;? 1 i""-.? ?
&>9*?> tor loo? tfca* valaaJrio I
_A Troana r?ao?r mar h?v<?
A Trotina r?ao?r mar hav?,,
a^t?5SaV??A!Z?<J?uT^!
Railway Shares
Advance Further
On Active Buying
This Group Assumes Market
Leadership; Industrials
Do Better in Late Trad
_fag; Time Money Loaned
Accumulation of railway shares went
on yesterday in the stock market in a
most convincing manner. Indeed, the
buying of the rails was so confident and
well sustained that it not only carried
the group to new high levels for the
recovery, but also had a most bene
?ficial effect on tho rest of the list, re?
sulting finally in causing a substantial
move for the better in the industrials
before the market drew to a close.
For the first time in several days
Wall Street experienced the pleasure
of borrowing call money at lower rates,
i Call loans renewed at 8 per cent, as
has been thecase for some time past,
but in the afternoon the banks became
! quite liberal with their offerings-r-so
much so, in fact, that brokers found
an abundance of funds available at 7
per cent. This development, together
with the maintenance of a strong tone
in the railway end of the market, dis?
couraged professional bear operations
for the time being, and was a steady?
ing influence in the industrial list.
The active turn-over in the rail
shares yesterday recalled the old pre?
war days in tho stock market, when
the railway issuqs held first place in
speculative favor. The active leaders
were the rails, with Reading, St. Louis
& San Francisco, New Haven, Balti?
more & Ohio, Denver & Rio 'Grande,
Rock Island and Missouri Pacific the
more prominent. Union Pacific, sell?
ing "ex" the quarterly dividend, more
than recovered the amount of tho dis?
bursement, something that was of fre?
quent occurrence in the old days, but
which of lato has been rare. The man?
ner in which tho low-priced rails were
taken in hand indicated a growing be?
lief in the ability of the weaker roads
to improve their financial position as a
result of the new railroad legislation.
Gains in many_ of these rails exceeded
a point, and in some cases 2 points.
It was the same kind of buying which
has been putting new life into the
whole rail croup for more than a week,
and was not based upon any new de?
velopment in the news. Railroad bonds
also continued their movement toward
higher prices on tfctive trading.
The rally in the industrials toward
the end of the day seemed to be largely
the result of a desire on the part of
the professional bears to cover in a
portion of their short linas. This was
only natural, in view of the surprising
strength displayed by the rails and the
fact that the market will be closed
for a three-day period beginning Satur?
day. Steel common moved up a point
in the late trading, while other specu?
lative leaders like Baldwin Locomotive
and Sinclair Oil were actively pur?
chased on a rising price scale. Early
heaviness mi the industrial department
was featured by special weakness in
the motor share group, which was ad?
versely affected by the announcement
of the appointment of receivers for
another automobile concern. The mo?
tors were backward most of the ses?
sion, and failed to rally with the rest
of the industrial list, even on the late
recovery.
The developments in tho money mar?
ket were interesting and significant.
For the first time in months brokers
found a substantial amount of time
funds offering, and loans* were placed
for a four months' period at 8% per
cent. This was accepted as indicating
confidence on the part of the banking
community in the immediate future.
Call money was quite plentiful at 7
per cent at the close. t
The government's bulletin on the
cotton crop indicated a yield of 12,783,
000 bales. If this promise is fulfilled
the crop will be the largest in five
years. '_
Money and Credit
Call money was easier yesterday.
Renewals were made at 8 per cent,
after which liberal offerings appeared
at 7 per cent. For the first time in
weeks some time money was available
for brokers. A substantial amount of
four months money was placed at 894
per cent.
Yester- Year
day. ago.
On mixed collateral... 8 6
On industrial collateral 8 6
Time money (mixed collateral):
Sixty days .8@8^ 5%@6
Ninety davs .8(aW?? 59?(?6
Four months .8@8Ms B%@6
Four to six months..8(88% 5%@6
Bank Clearings?Bank clearings at
New York yesterday were: Exchanges,
$1,031,169,514; balances, $92,783,911.
Silver?London, 57%d; New York,
domestic, 99%c; foreign, 91%c; Mexi?
can dollars, 69%c.
Sub-Treasury ? United States fund;
reserve credit balances, $68,703,149.
? Canadian Exchanges?New York funds
in Montreal, $107.50 premium per
i 1,000; Montreal funds in New York,
$99.06 discount per $1,000.
The Dollar in Foreign Exchange
Sterling was steady yesterday, and
French francs and lire were firm. Bel?
gian francs were slightly easier. Marks
were somewhat lower. The knowledge
that the, flow of gold from France in
connection with the settlement of the
Anglo-French loan had started im?
parted steadiness to the tone of the
general market for European ex?
changes.
Yesterday's closing ratesl compared
with those of a week ago. follow:
(Quoted in dollars to the pound.)
Yester- Week
day. Ago.
Sterling, demand. 3.5625 3t5825
Sterling, cables. 3.57 3.59
Sterling, sixty days... 3.5225 3.5425
Sterling, ninety days.. 3.5225 3.5225
(Quoted in cents to the unit.)
Francs, checks. 6.95 7.04
Francs, cabes. 6.96 7.05
Belgium, francs, checks 7.41 7.54
Belgium, francs, cables 7.42 7.55
Lire, checks. 4.69 4.64
Lire, cables.:.. 4.70 4.65
Swiss, francs, checks.. 16.45 16.48
Swiss, francs, cables... 16.50 16.50
Marks, checks. 2.03 2.04
Marks, cables. 2.03 2.04
Guilders, checks..._ 31.90 31.55
Guilders, cables. 32.00 31.65
Austrian, crowns, chks .47 .45
Austrian, crowns, cbles .47 .45
Sweden, checks.20.10 20.05
Sweden, cables.20.20 20.15
Denmark, checks...... 14.30 14.00
Denmark, cables. 14.35 14.15
Norway, checks. 14.20 14.00
Norway, cables. 14.25 14.05
Peseta?, checks. 14.95 15.00
Pesetas, cables.; 15.00 13.05
(irccce, checks. 11.00 11.00
Greece, cables. 11.125 11.125
Manila, checks.46.50 46.50
Manila, cables.46.75 46.75
India, rupees, checks.. 34.50 34.50
India, rupees, cables.. 34.75 34.75
Japan, yen, checks.... 51.125 61.25
Japan, yen, cables."51.375 51.50' I
Argentina, checks.86.00 85.00 I
Argentina, cables.88.25 85.25
Brazil, Kio, checks_ 19JO 19.875
Brazil, Rio, cables_14T.625 20.00
Czecho-SIovakia, checks ^1.70 t.64
Czecho-Slovakia, cables 1.70 1.64
? ? ' ??*
Stocks Ex-Dividend
r>?t?. * Company. Pet.
m> j)t 3?ralumet it Arizona. Mln Co.. 1
X?'P'. 5i~Kik Horn Coal Corp pf. 1*1
H?-M 4 ? Miu-kuy Cum...". i2
?apt 4 - do pf..?. 1
hipt 7?Met??nthaler Linotype Co.... 1"/?
?*pt l?N Y Air Mraku Co. 21
Hapt 4~-lindar wood Typewriter Co.., S
Kept 4?? <l0 Pf .....,,.,. J%
?apt ?-?Union lia? A Tapar Corp.... S
?apt ??unit?? Paperboard Co. lao.,? S
(Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
(Copyright, 1920, New York Tribune Ine.)
Day Year January 1 to date.
Yesterday. before. ara. 1920. 1019. 1918.
Railroad stock?. 341,700 285,900 246,700 24,694,400 41,072,000 20291,300
Other stocka . 313,200 220,900 1,250,100 130,014,600 160,964,000 69440,600
All stocka . 654,900 506,800 1,496,800 154,708,900 201,036,000 89,631,000
Yesterday. Day before. Year ace. 1920. 1919.
U. 8. e*vcrnment bends. $5,149,000 $4,208.000 $8,739,000 $2,033,351,000 $1,642,675,000
Railroad bonds . 2,988,000 3,019,000 1,018,000 260,873,000 242,875,000
Other bond?.? 1,644,000 1,242,000 1,181,000 247,638,000 259,796,000
AQ bonds ..-?- 9,781,000 8,469,000 10,938,000 2,641,862,000 2,146,346,000
Record of Stock and Bond Averages
(CePTTlcht, 112?. New York Tribe?o lac.) j
Stocka Banc* thsa Sana? fall
Taste? Day Year far 1920. ymmr 191?.
day. before. ate. Hifh. Low. High. Low.
20 Railroad stocks. 67.40 66.75 69.55 68.70 63.60 78.80 68.36
3C Industrial stacks . 85.60 85.37 107.97 110.30 82.53 119.33 79.20
50 Stock? . 78.32 77.92 92.60 92.05 74.46 99.54 75.92
Bonds
10 Railroad bonds ..?. 73.02 72.70 76.01 . 76.28 66.73 82.80 72.83
10 Industrial bonds . 83.10 83.17 93.13 91.45 82.92 95.70 90.56
5 Utility bonds . 68.23 68.15 82.10 74.53 67.64 87.75 71.80
25 Bends. 76.10 75.57 84.07 81.71 73.94 87.91 80.21
Hirn. Low. Dtv. . Not j
1920. 1920. Rate. Sales. Open. Hieb. Lew. Cleco. chr*. Bid. Ask.
46 26 ? Adams Express . 100 35 35 35 35 + Vz 33 35'/*
46% 25 ? Advance Rumely .... 500 30 30 30 30 - 30 31
2% 1 ? AUaka Go?d Mine?.. 400 1% 1/4 1% VA- 1% 1%
3 v/z ? Alaska Juneau . 700 1'/a V/z 1'/a Wz- 1'/a 1%
53% 28 1 Allis-Chalmers ..... 700 31% 32 31 % 32 + % 317? 32%
95 75 8 Amer Airr Chem. 300 77% 79 77% 79 + 1/4 79 80
103% 70% 8 Amer Beet Surar.... 500 72 72% 72 72/2+ % 72/a 75
128% 81/s 10 Amer Bosch Mar... 900 84% 84% 83 83?2 83 84?/a
61% 30% ? American Can . 500 34'/* 34?/2 34/? 34%- 341/, 34%
147% 124'/? 12 Amer Car ft Fdry... 1200 133 134% 133 134'/*+ % 134'/* 134%
54% 23/* ? Amer Cotton OH.... 500 25 25 25 25 + '/* 24% 25
30% 13 ? Am Hide ft Leather. 200 13% 13% 13% 13%- 13 14
122 72 7 Am Hide ft L pf.... 1300 75'/2 75% 73% 73%? 1 73'/2 73%
119% 64% 6 Amer In? Corp. 3100 69% 70% 68% 69%? % 69% 70'/*
93 61% 3 Amer Linseed . 200 *68% 68% 68% 68%? % 68'/2 69
109/4 82 6 Amer Loco . 2700 94!,2 95 93% 94%? V? 94% 95
17% 11%? Amer Safety Razor.. 700 12% 13 12% 13 + Vz 12% 13
30% 16%? Amer Ship ft Com.. 1900 20% 20/, 20 20 ? Vz 20/, 20/2
72 52% 4 Amer Smeltinr. 900 55% 66 55% 56 ?*- 56 56/4
100% 88 # Amer Smeltinr pf... 100 90% 90% 90% 90%+ Vz 90 92
83 71 I Amer Smeltinr pfA 300 72 72 72 72 -f 1% 71/2 74
60 33'/* 3 Amer Steel Fdry .... 900 37/2 37/2 37 37 ? % 37 37/4
93/2 85 7 Anier Steel Fdry pf.. 700 86/, 85'/, 85/8 85/,? % 85/2 85%
142% 109 7 Amer Sug*r . 2400 110% 110% 109% 110% + % 110/4 110?*
118/2 102 7 ?Amer Surar pf. 50 1057, 105% 105% 105%- 106 109
106% 74/4 10 Amer Sum Tob.i... 700 84'/2 84/a 82% 83Vz? 1 83/4 84'/*
100% 92/, 8 Amer Tele* ft Tel.. 600 97% 97/2 97% 97^4? /, 97% 97/2
310 102 12 Amer Tob B. 100 115% 115% 115% 115/ar- % 112 115
97% 85/4 6 Amer Tob pf new... 500 89 89 89 8?if+ % 88/2 90
165% 72% 7 Amer Woolen . 2900 77! 2 79% 77% 78M+ 1/4 79 79/2
105% 91% 7 Amer Woolen pf. 50 92 92 92 92?- 91 Vz 94
61% 38 ? Amer Writinr Pap pf 100 50 50 50 50 - 60 60/2
21% 11 ? American Zinc . 100 12 12 12 12- 11% 12%
| 66?/2 49/2 4 Anaconda . 700 52% 52% 62% 52%+ Va 52% 52/2
20/4 18/2 ? Atl Fruit . 700 18% 18% 18/, 18/a- 18% 18/2
| 125 85/2 6 Associated Oil . 100 87 87 87 87 - 87 92
! 86/2 76 6 Atch, Top & San le. 1900 83% 84% 83Vz 84%+ % 84 84/2
! 82 72 5 At, Top & S F pf. . . 700 75'/, 75'/, 75 76 - 75 75/2
9 5 ? Atl, Birm ft A'l ... 100 7 7 7 7 - 6/2 7
93 82/, 7 Atlan Coast Line. . . 200 93' s 93'/, 93/, 93/,+ /, 93 93/2
176/2 128/2 10 At!, Gulf ft W I.... - 1600 133% 135 133 135 + 1/2 134 137
148/2 100 7 Baldwin Locomotive. 15400 106% 108/2 106/4 107%+ 1%.10734 108
! 42/2 27%? Baltimore & Ohio... 11100 42/4 42'2 41/2 42/*+ /* 42'/, 42%
1 51% 40% 4 Bait ft Ohio pf. 1100 50% 51% 50% 51%+ 1/4 51 51/2
j 43/2 35 7 Barnsdal B . 300 38 38 38 38 - 35 38%
? 154/. 114 8 Barrett Company ... 200 133% 134 133% 134 ? % 134 136
! 1% Vz ? Batopilas Minine ... 300 34 % % %- % %
' 32/2 5% ? Beth Motors . 1000 5?4 6 5% 6 - 5% 6%
96 65 5 Beth Steel . 100 72',2 72/2 72% 72%- 72 73
102/2 68 5 <i Beth Steel Cl B. 7300 75 ,75% 74% 75%+ V? 75 76
| 102% 90 7 ! Beth Steel 7% pf . . . 200 95 95 95 95 + % 94 95
| 114 104 8 Beth Steel 8% pf .. 400 106% 106% 106% 106%? '/? 106 107
j 17 9/*? Bklyn Rapid Tr. 700 I.O/4 1038 10 10%+ % 10% 10%
! 11/2 6% ? Butte Copper & Zinc 400 6'8 6% 6% 6%- 6% 7
27% 11'/,? Butterick Co . 300 11% 11% 11'/, 11%- 10 11%
28% 10'/*? Caddo Oil . 700 13% 14 13% 13%? % 13/2 14
! 85% 63 6 Calif Packing . 200 66 66% 66 66%? % 66 68
\ 46 22 ?4 ? Calif Petrol . 400 25/2 25'/2 25% 25%? 1/2 25% 26
134 110 10 Canadian Pacific ... 9800 119 121% 118% 121%+ 2% 121% 122
?100 90% 7 Case, J I, pf. 300 90% 90% 90?8 90%? % 90/2 91
: 1?43/4 49 5 Central Leather _ 1400 53 53 523? 53 ? % 63% 63?*
61% 33% 4 Cerro de Pasco. 400 383/4 38% 383/4 38%? % 38/2 3834
164% 79% 10 Chandler Motora "... 2900 85 85 83 84 ? % 83% 84/*
61 47 4 Chesapeake & Ohio. 1200 60% 60% 60% 60%? % 60 60/
11% 6 ? Chicago & Alton_ 100 10 10 10 10 - 10 12
16 12 ? Chic & Alton pf. 100 16 16 16 16+1 16% 19/
11% 4% ? Chic & East III. 100 10% 10% 10% 10%+ % 10% 11
12% 4% ? Chic & East 111 pf... 500 11% 12% 11% 12%+1% 12% 12%
10% 7 ? Chic Gt Western- 3200 9'4 938 9% 9%- 9% 9'i
27% 19% 2 Chic Gt West pf..*. 3900 25% 26% 25 26%+ 1% 26% 26^
42% 30% ? Chic, Mil & St Paul. 2900 37. 37% 36% 37%+ % 37% 37?,
61% 45% ? Chic, M & St P pf.. 4200 54% 55 53% 54% \- '% 54% 55
91% 67 5 Chic & Northw'n... 1200 73 73% 72% T %+ 1% 73 73/
41% 23%'? Chic, R I & Pac... 10500 37 383/8 36% ? %-r % 37% 37?g
78 64% 7 Ch, R I & P 7% pf. . 12300 76% 77 76% 77 + 1 76% 77/
66% 54 6 Ch, R I & P 6% pf.. 1500 64% 66 64% 66 + % 66/4 67
21% 12 ? Chile Copper . 400 14 14% 14 14%+ % 14 14/
44% 24% 1% Chino Con Copper .. 1300 28% 28% 27% 27%? % 273/* 28
106 69 8 Cluett-Peabody . 5C0 70 70 69 69?3 ? 73
40% 30% 4 Coca-Cola . 200 34% 34% 34% 34%+ % 34% 34%
44% 28 3 Colorado Fuel & Iron 200 35% 35% 35% 35%? % 34% 36
28% 20 ? Colorado & So . 900 27 28% 27 28+1 28 28/
51% 46 4 Colorado** So 1st pf 200 49% 49% 49% 49%- 49% 60
65% 19% 1 Columbia Graph . . 1600 22% 23 22% 23 - 22% 23
67 50 5 Columbus Gas & Elec 200 54% 54% 54% 54%? % 64 65
?3% 73?8 7 Consolidated Gas ... 200 80% 80% 80% 80%+ % 80% 80^
20% 9% 2 Con Int Cal'hn Min. . 3900 10% 10% 9% 10%? % 9% 10/,
97% 74% 7- Continental Can - 300 78% 78% 78% 78%+ % 78 79
14% 10% 1 Continental Candy .. 1300 10% 11% 10% 11%+ % 11% 11ft
105% 76% 4 Corn Products . 1900 87% 88% 86% 88%4- 3? 87% 88/
46% 25 3 Con Textile . 1800 29% 29% 28% 28%? % 28% 29
43% 30 2% Cosden & Co. 1300 37% 38 37% 37%+ % 37% 38
278% 116% 8 Crucible Steel . 2700 118% 119% 118% 119%+ 1 119 120
?0% 36/2 7 Cuba-Amer Suear ... 1900 40% 41! 2 40! s 41%+ 1% 41% 42
69% 32%? Cuba Cane Sugar... 2100 33% 34% 33% 34%+ 1% 34 34*;
9934 83% 9 Del? ft Hudson. 500 97 97 97 97 + % 97 100
250% 165 10 pel, Lock & West.. 200 236 245 236 245 -4- 5 240 245
9 4 ? Den & Rio Grande. . . 4400 5% 5% 5% 5%-^ % 5% 5*j
16% 9 ? Den ft Rio Gr pf- 9900 IH4 1234 11% 12%+ % 10% 103
13 9% 1 Dome Mines . 200 11% 11% 11% 11%- 11% 113,,
6% 3 ? Dul, So Sh & Atl... 300 4% 4% 4% 4%+ 1% 4% 5
11 7 ? Dul, So Sh & Atl pf. 100 8% 8% 8% 8%- 7 8'/
28 18 ? Elk Horn Coal. 200 22 22% 21% 22%+ % 22 22i/
117 62 5 Endicott-Johnson_ 300 68 68 68 68 ? 2 68% 70
15% 9% ? Erie . 7100 15% 15% 14% 15%+ % 15% 153)
26% 17% ? Erie 1st pf. 5600 24% 243/4 24 24%+ 3/4 24% 243,,
17% 12%? Erie 2d pf. 1200 17% 17% 1738 17%?? 17 17?,
95 65% 8 Famous Players _ 200 72 72 71 % 71%? % 71% 72
91% 80 8 Famous Players pf. . . 300 82% 83 82% 83 + % 82% 84
44% 26% 7 Fed Min & Smelt pf 300 32% 32% 32! 2 32%- 32% 35
135 99 10 Fisher Body . 100 100 100 100 100?1 100 105
48 25% 3 FisU Rubber Tire_ 900 26% 26% 26 26 ? % 25% 26
36% 20 ? Freeport Texas . 400 21 21% 21 21%? % 21 21J/
19% 5% ? Gaston William? ... 200 83,4 8% 8/2 8%? % 8% 8?V
172 134 8 Gen'l Electric Co- 700.144 144 144 144 + 2% 141 143'/
42 19% 1 Gen'l Motors . 1900 20% 21 20% 21 + % 21 21'/
89% 72% 6 Gen'l Motors pf.... 600 74% 743,4 74 74 ? % 72 74'/
85% 68 6 Gen'l Motor? 6% deb 200 69 69 69 69 - 68% 69
93 79% 7 Gen'l Motors 7% pf 2700 793/4 793/4 79% 793/4+ 1% 78 793/.
85% 49% 6 Goodrich, B F. 700 54 54 53 53 ? 1% 53 64
8434 67% 7 Gt Northern pf. 4300 74% 76?* 74% 763/4+2 76% 77
41% 30 4 Gt North Ore sobs.. 1300 31% 32% 31% 31?4- 31% 32
38% 23 .60 Greene Can Cop ... 1800 25 25 25 25 ? /4 24% 25
20% 17% ? Guan Surar . 400 18% 18% 18% 18%? % 183/4 19
34 25%? Gulf, Mob ft Nor pf. 900 29%;,!9% 29% 29%+ % 30 31
40% 21%? Hend?? Mfar . 200 23% 23% 23% 23%? 1 23 24
77% 50 4 Ha*k & Barker Car. 500 69% ->9% 68% 69%+ % 68% 70
109% 75 ? Houston Oil . 900 102% 103 101% 103 +1 103% 104
23% 13 1 Hupp Motors . 900 15% 15% 15% 15%+ % 15/4 15'/
93% 80% 7 Illinois Central . 900 87% 87% 87% 87%+ % 87 87?
6% 5% .60 Indiahoma . 800 7% 7% 7% 7%+ % 7% 7?
27 13% ? Int'l Agriculture ... 100 18% 18% 18% 183/8+ % 18% 18?
61% 43% 4 Inspiration Copper .. 400 45% 45% 45% 45%? % 45% 46
4% 3 ? Ins-Cons Corp . 1700 3% 3% 3% 3%+ % 3 3',
16% 8% ? Ins-Cons Corp pf- 200 9% 10/4 934 10%+ % 10 10'/
51% 21%? Int Mer Marine. 900 23 23% 23 23%? % 23% 25!
111% 70% 6 Int Mer Marine pf .. 200 73% 74% 73% 74%+ % 74 75
170 37 ? Inter Motor Truck ... 700 38 38% 37 38%? % 37% 40
84 72 7 Int Motor Truck 1st pf 200 76% 76% 76% 76%? % 76 77
26% 15% ? International Nickel.. 900 19% 19% 19% 19%? % 19% 20
20 20 ? India Refining- . 2100 20 20 20 20 - 20 20'
47% 30%? Invincible Oil . 1100 35% 36% 35/4 35%+ % 35% 36
7% 6% ? Island Oil & Tr . . . 2300 5% 6 5% 6 + /, 5% 6
20% 13% ? Kansas City Southern 3100 20% 20% 193/4 20%+ % 20 20!
49% 40 4 Kan City Southern pf 2900 49 49% 49 49%+ 1% 48% 483
152% 71% 4 Kelly Sprlnrfield ... 700 73 73% 73 73%? % 73 74'
33% 22 2 Kennecott Copper .. 1600 24% 24% 23% -23%? % 23% 24
48% 13% 1.20 Keystone Tire . 1900 16% 16% 15% ? 16%? 3/4 15% 16',
102% 93 7 Kresre 8 8 pf. 100 93 93 93 93?2 95 99
913/4 63 6 Lacks wanna Steel .. 400 68 68/* 67% 68/*? %' 68% 68'
14 8% ? Lake Erie ft West .. 100 12% 14 12% 14 + 1% 12% 14
22% 16 ? Lake Erie & West pf 200 22% 22% 22% 22?4+ 3% 20% 22:
47/4 3934 3% Lehirh Valley . 1300 4638 46% 46% 46%+ % 46/4 46^
36 18% 2 Loews, Ine . 1100 20% 20% 20% 20%? % 20?4 20'
28 11%.? Loft Candy . 4300 12% 12% 11% 11%? % 11% 11:
112% 94 7 Louisr ft NashT ... 200 102% 102/4 102 102 ? % 10134 102
151% 96 10 Mantl Surar . 200 96 96 96 96 ?2% 96 '100
45 15 ? Malltnson . 200 17% 19% 17% 19%+ 1% 16% 19
80% 62 7 Malllnson pf . 200 60 60 60 60+8 65 70
33% 20 .75 Manhattan Shirt ... < 200 20% 20% 20 20 ? % 20 22
35% 9 ? Max Mot ctf . 6300 9% 9% 9 9%? 6% 9 9
30% 19% 2 Martin Parry . 700 21% 21% 21'4 21%+ % 21 22
33 18% ? Matheson Alkali W. 200 ?9 29 29 29 - 29 32
38 7% ? Maxwell Motor Co.. 6200 10% 10/, 9% 10 ? % 10 10
63% 1? ? Max Mot Co 1st pf.. 400 18 18 18 18 - 18% 20
623/4 24 ? Max Mot Co 2d pf.. 400 8% 8% 8% 8?^,? 2% 6 10
131% 70% 8 May Depart Stores.. 200 75% 75% 76% 75%+ 1 76% 77
222 148 10 Mexican Petroleum . 4400 161 162% 159% 161/2- 161/4 161
26 18% 2 Miami Con Cop - 900 19% 19% 19% 19%? .% 19/4 19
71% 10% 1.60 Middle States OU .. 2900 11% 11% 11% 11%- 11i/2 11
62% 37 4 Midvale Steel . 9400 39'/4 39% 39 39'/,+ % 39/4 39
18% 9 ? Minn ft St Lou new 3900 15% 16% 15% 16'/*+ % 16% 16
80 ?3 7 M, 8t P ft S Sto Mar 200 76% 7734 76% 77%+ 1% 77 80
11 3% ? Mo, Kan ft Tex ... 900 7% 8'/* 7 8%+ % 8% 8
18 7 ? Mo, Kan ft Tsx pf.. 400 14 14% 14 14%? % 14% 14
31% 21 ? Missouri Pacific ... 340? 26% 27% 26% 27%+ 1% 27% 27
49% 88 ? Missouri Pacific pf. 9900 47 49 47 4? + 2% 48% 49
40 27% ? Ment Ward ft Ce .. 700 33% 33% 33 33V?-33% 34
40 32% 3% National Acme - 200 34% 35 34% 35 + '/, 34% 35
125 108 7 National Biscuit ... 200 106% 106% 106% 106%? % 107 112
86% 44 ? National AnUino .... 200 74% 76% 74% 75%+ % 75 78
80 40 8 Nat Cloak ft Suit .. 200 42 42 41 41 ? 2% 40% 43
13 6% ? Na? Con ft Cabio ... 200 7% 7% 7% V/z? 7 t
110 100/, 7 National Lead pf .. 50 101", 101% 101% 101%- 101/4 10f
17% 10/4 1 Nov Can Corp . 1400 10% 10% 10% 10%+ % 10% 10
117 89 10 N Y Air Brak?. 100 87% 97% 97% ?7%- ?6 ??
77'/, W/4 5 Now York Central .. 7600 74% 76 74% 76%+ 1% 75% 7B
38% 23% ? NY Chic ft St Louis 200 38%, 38/* 38% 38%- 36% 88
3?% 23% ? N Y N H ft H .... 18700 34% 38% 34% S6/4+ 1 36% 88
21% If 1 N Y O ft W ^.M.. 4100 20% 21% 20 81%+ 114 21%. -21
Hlsh. Low. Dr*. Net
1920. 1920. Bate. Sales. Open. Hiah. Low. Close. ch*e. Bid. Ask.
29 10 ? Norfolk Southern .. 200 20?/2 22% 20% 22%+ 2% 23 24*?
22*4 14*4 60 Nunnally . 900 16 16 15 16 - 15*? 16
100}/. 86 4 Norfolk A West pf .. 500 94*4 95 94% 95 + % 94"/. 95
84?? 66*4 7 Northern Pacific .... 2900 76% 78'/? 75!/2 78?/?+ 2% 77% 78%
771/4 42% 5 Nova Scotia Steel ... 400 4494 44*4 44*4 44*4- 44*4 45
We 3*. .40Okla Prod & Kef .. 500 3% 3% 3% 37?+ % . 3*4 ' 3%
9*. 5 ? Ontario SUTer . 300 5% 61/. 6?/a 6'/2+ '/. 5% 6%
157 107 8 Otis Elevator . 200 125'/? 125"/? 125'/? 125%? '/? 125 126
417s 19% ? Otis Steel . 300 22 % 22'/2 22'/_ 22V?+ % 22 ' 23
65 46 3 Owens Bot Mach ... 100 46% 46</a 46% 46% + % 46 46%
: 78 30% 4 Pacific Development . 100 31 31 30% 30%? 1 30 30%
61 Va 41 % 5 Pac Gas & El.c_ 500 45% 45% 45 45 ? Va 45 46
116% 71*4 6 Pan-Am Petrol _ 8100 86% 871/4 85 87%+ '/_ 86*4 87%
111*4 67*4 6 Pan-Am Pet B . 400 81 81 80% 81 - 80% 81%
43% 37% 3 Pennsylvania R R .. 2200 41% 41% 41% 41%+ % 41% 42
36% 16 ? Penn Seab Steel ... 1300 18'/2 18' _ 17!,? 18 ? % We 18?/a
16 9 ? Peor?a & Eastern .. 900 12"/, 12% 11% 1214+ 1% H'/a 12%
32 22 ? P?re Marquette _ 6300 25 25% 24% 25%+ % 25 25"/2
51 39 ? P?re Marquette pi .. 100 45 45 45 45 - 45 46
68 56 5 Pere Marq prior pi. 100 60 60 60 60 + 4 59 60
42% 30J4 3 Philadelphia Co _ 200 34% 35 34% 35 + % 35% 35%
44"/2 33"/2 ? Phillips Pet . 900 34% 34% 34',2 34%? % 34% 35%
82% 34'/?? Pierce Arrow . 7100 35*4 36 34% 34%? 1% 34% 34%
108% ?8% 8 Pierce Arrow pf ... 100 88% 88% 88% 88%+ % 88 90
23% 11 ? Pierce Oil . 900 12% 12% 12% 12%? % 12% 13
64% 51% 5 Pittebugh Coal _ 200 61% 61% 61% 61%? % 61% 62
33% 21%? Pitts & W Va . 1000 30% 31% 29% 31%+ 1% 31% 31%
113% 84 8 Pressed Steel Car .. 700 95% 96% 95% 96%+ % 96% 97
104% 96 7 Pressed Steel Car pf 100 58% 98% 98% 98%+ % 98% 100
50% 36 ? Pare Oil . 900 38% 38% 38% 38%+ % 38 38%
124 109 8 Pullman Co . 200 113 113 113 113 ? % 112% 113%
120 66. 5 Punta Aleare Sugar 900 72% 72% 72 72%+ ! 2 71 . 72%
106% 88*4 8 Kail Steel Spring 200 96 96 96 96+1 94% 97
106% 96% 7 Rail Steel Spring- pf 50 100 100 100 100 - 100% 110
22% 13% 1 Ray Con Cop . 100 15 15 15 15 + % 147, 15%
94% 64% 4 Reading . 21200 93% 93% 92% 93%- % 93% 93%
45 32% 2 Reading 1st pf . 200 43% 43% 43% 43%+ % 43% 45
94 45 ? Remington Type ... 500 51! 2 51% 61 51 ? 1% 50 52
124% 76% 6 Rep Iron _. Steel .. 4500 83% 85 83% 84%+ % 84 84%
106% 92% 7 Rep Iron & Steel pf 900 93 93 93 93 - 90 93
55% 26 ? Rep Motor Truck .. 9800 28% 29% 26 27'4? 2'4 27% 27%
93% 34%? Replogle Steel . 1500 73% 743* 72% 74%'- % 74% 75
123*4 69% 5.50 Ryl Dtch N Y share? 4400 83% . 84% 82% 84 +1 83% 84
21% 5% ? Saxon Motors . 400 5% 5% 5% 5%? % 5% 5%
28% 15%? St L & San Fran .. 21200 28% 28% 27% 28%+ % 28% 28%
42% 23% ? St L & San Fran pf 200 39% 42% 39% 42%+ 3% 41 42%
27% 11 ? St Louis Southw'n .. 1000 25% 27% 25% 27%+ 2% 27% 27%
39 20/? ? St Louis Southw'n pf 1600 37' 2 39 37 39 + 1% 38% 39
9% 6 ? Seab Air Lin- . 1700 7% 8 7% 8 + % 7% 8
18% 10 ? Seab Air Line pf ... 2100 16 17 16 17 - % 16% 17
25% 12 ? San Cecilia Sugar .. 100 13% 13% 13% 137?? % 12 13
90% 45% .74 Shell Trans Te.- . 1900 5114 51% 51 51%-i- !a 61% 51%
48% 23!?? Sinclair Oil . 1700 29 29!4 28% 29%-- % 29% 29%
82'% 59 6 SloAS-Sheff St & Ir.. 700 68 68 68 68 r % 67% 68
1C5% 88% 6 Soulhern Pacific ... 59?0 95% 95% 94% 95%-- 1 95% 95%
310 100 12 So Porto Rico Sugar 300 122 124 122 124 + 2% 122% 124
30% 18 ? Southern Kail . 91C0 28' \ 28*4 28% 28%+ % 28% 28?.
62 50 5 Southern Rail pf . . . 1000 60| 2 60% 60% 60%+ % 60% 61
870 600 20 Stand Oil of N J . . 100 670 670 657 657 ? ? 660 670
113% 100% 7 Stand Oil of N J pf 900 105 105 104% 104%? % 104% 1043,
51% 26% 4 Stewart Warner _ 700 31.% 31% 30% 31 - 30% 31'/4
118% 50 4 Stromberg Carb _ 200 72% 72% 70% 71 ? 1% 70% 71*4
126% 58% 7 Studebaker . 9900 61 61% 59! 2 60%+ % 60% 61
91% 83 5 Steel Tube pf . 100 83 85 83 85 ? 1% 80 85*?
60 41 6 Superior Steel . 5C0 50% 50% 50% 50%? % 50%* 51
13% 9 -- Tenn Cop & Chem .. 300 9% 9% 9% 9%+ % 9% 9*i
60% 40% 3 Texas Company _ 18700 475? 47^ 46 47%-. 47% 47!-i
47 25 ? Texas & Pacific _ 3200 3634 37% 36% 37%+ % 37'% 37 ?/S
53% 36% .60 Tex Pac Coal & Oil 100O 37% 37% 35% 35%? % 35% 36
47 40 ? Temptor Corn . 100 42 42 42 42?1 40% 40'/;
95% 57 6 Tobacco Products ... 1900 65% 65 64% 66 + % 65% 66
106 83% 7 Tobacco Prod pf . . . 100 84 84 84 84?1 84 86
34% 22%? Time.* Sq Auto _ 400 23 23% 21% 23 - 22% 24
15% 10% ? Toledo St L & W ctf? 3300 11% 133, 11% 13*4+1*4 13 13%
24 15 ? Toledo St. L Je W pf 900 19 21% 19 21%+ 134 21 22
38% 9 ? Transcon Oil . 9700 9% 9% 9 9%+ % 9% 9'/j
127 73% 8 L'nlon Bag & Paper 300 87 87 87 87?1 87 88
38 25%? Union Oil . 500 26 26% 26 26%+ % 26% 26',-;
124% 110 10 Union Pacific . 9900*121% 124 120% 123%+ 2% 123% 124
69% 61% 4 Union Pacific pf . . . 100*63% 64% 63% 64%+ 1% 64% 65
224 176 12 United Fruit . 200 191% 191% 191% 191%- 192 193%
29% 13 ? United Ry Invest pf 100 18% 18% 18% 18%? % 18% 19
116% 77% 8 US Ind Alcohol ... 1900 83% 83% 82% 83%+ % 83 83*<
69% 40 ? U S Realty & Imp .. 200 48 48 47% 47%? % 47 47";
96% 59 $ United Retail Store- 7300 67% 69% 66% 68% + 1% 68% 687J
143% 80 8 U S Rubber . 2400 85% 85% 84*4 85% + Va 85% 86
76 50 S US Smelt & Ref .. 200 53*4 53*4 53% 53%+ % 63% 53*<
109 83% 5 U S Steel . 22100 883? 893B 88% 89'4+ 1 89% 89*?
115% 104% 7 V H 8teel pf . 500 106% 106% 106% 10614? % 106% 107
80% 66% 6 Utah Copper . 400 61% 61% 61 61 ? % 60% 61'/
12% 7% ? Utah Sec Corp . 500 7% 8 7% 8 + % 7% 8'
97 42 6 Vanadium Steel _ 6200 67% 69% 66% 67%? % 67% 68
80% 59% 4 Va-Car Chemical ... 500 67', 2 67% 67 67 + 1 67% 68
21 12% 2 Vivaudo? . 200 14 14 14 14 - 14 14?.
10% 7 ? Wabash . 2900 8% 9% 8% 9%+ % 9% 9"/
31 20%? Wabash pf A . 5700 27 28% 26% 28%+ 2 28% 28?i
76 48 ? Wells Fargo Express 100 55 55 55 55?5 55% 60
12% 8% ? We.st Maryland _ 900 10*4 11 10% 11 + % 10% 11
20% 11 ? West Mary 2d pf .. . 1700 15% 17% 15% 17%+ 2% 17 17'
32% 20% ? West Pacific . 900 2838 30% 28 30%+ 2% 30 30*
.5% 44% 4 Westinghouse Mfg . . 700 47% 48 47% 48 + % 47% 48
82% 50% 5 Wilson Co . 300 56% 56% 56% 56%? % 54 56'/
14% 9 ? Wheeling & LE ... 2900 12% 12% 12% 12%+ % 12% 12*/
24% 15 ? Wheeling & L B pf. 1900 23% 24% 23 24 + % 24% 24'/
69% 44 4 White Motors . 3200 44% 44% 42% 43/2? % 43% 44
32 15% 1 Willys Overland _ 1200 15% 15% 15 15 ? % 15 15'/
93 76% 7 Willys Overland pf.. 200 75 75 75 75 ?1% 73 75'
33 25 ? Wisconsin Central . . 1400 29% 32 29*4 32 + 3% 31 . 32
Bid and Asked
Bid. Asked.
Adams Kip... 33 35%
Ad Kumely pr 00 03
Alas Gld M. 1%
110
?l%
95
sx-i;
90
111
lllU's
33%
Mn
105
SI
no
05
u?
.OS 14 103
. r, h
58 S3
80 100
Alt? ft Sus. ..120
Al Chaira pr. 71
Am A* Ch pr. SO
Am Bnk Noto 44
do pr . 40
A Beet !> pr.
A B 8 & Fy. .-.?'
do pr .?4
Aiq Can pr.. SS
Ai C & V pr.ldS
A Cot Oil pr. 01 IS.'.
Am Expresa. .132% 1 SO
Am Ice So pr. 50 (.0
Am La Franco 9% 11
A Linseed pr. 84 'm
Am Loco pr. 100
Am Malt & (J - -
Am Shipbldg. .
Am .Snuff _100
dcJ pr . 70
Am ?Sugar pr.107
A Sum T pr S 4
Am Tel ft C. 47
Am Wool pr. 92
Am Zlno ... 12% 1
do pr . 44 4
Ann Arjwr .. 10 2
do pr . 28 4
Asueto ni Co. 2
Asso Dry O.. 31 ;
do 1st pr... r.7'/* I'
do 2d pr... ? (1
AO ft W I pr 61 C
Auto Sales Co 5
do -pr . 13 1
Bald Loco pr. 95 P
Hamad all ... 37 4
Bamett Lea... r.O t
do pr . 89 "
Barrett Co pr.102
Bkn Edison... S3
Bkn Un (Jas. 4S
Burns Bros.
d? jr ...
Brunswick .
Buff It ft r
do pr .
Buff ft Sus..
do pr . 42
Bush Term
Butte C ft z 0%
Butterlck Co. 10 '
Cal Pet pr.. 09 ?4
? & Ariz.. 55% ???
?""an Southern. 3? no
(Vnt Lea pr, 93 17
Con of N J. 215 250
Certalnteed .. u 51
n'L. t ,Alton- 9<* "?H
L* N w Pr-10314 ?
Chi Pneu Tool 77 SO
Cl 4 Pitts.. 7S fin
<-' C r ft s L r,:,- 5"
4? Pi- . 02% ?7
Cluelt Peal, pr 93 100%
J, & S 2d pr 38 45
Col Graph pr. 78 si
Comp Tab Bee 43? 47
Com Prod pr.100
I "rex Carpet... r>5
Cru Steel pr. 04
Cu Am Su pr_
Deero Co pr.. m
De Bom ... 20 u
Dct Edison... 9.1
r?ft in nu.. 00
r> S 8 ft A pr 8
Durham l?os. 43
?eo Ht Bat.. 119 fA
EUhom O pr 32% 38
Em Brant .. 15 ?>?
do pr .? 71
Emit John pr 95% 9fl
Brie ft Pitts.. I?" 55
Fairbanks ... 47%_
V?<1 M ft 8. 10 iju
d? Pr . 82% 35
Fisher By pr.100 109%
Qen Ch?m....lB3 169
_?to PJ . 03 ?6%
Oen dour pr 90 95
~*LJ?* *?? " 82
Goodrtoh pr.. ?5% 89
Grant? M .. ss% 85
Ora? Paila .. 1? sou
Oit A No?. 12% Uli
Bid. A-;..'d. '?
Hartman Corp 7ti SI)
Humrslal.e .. 45% 40
Int Agricul... 17?i l.s%
do l?r . 77 79%
Int Har pr. .103?/. lOil
In M T 1st pr 7.'.% 77
do 2d pr... 59 03
lilt Taper pr. 93 103
do pr stpd. 71% 72%
Int Nickel pr 79 S3
Int Salt .... 55
Inwn Central. 4 S
.le?el Tea ... 8% 9%
do Pr . 20 25
... 19% 21
Kay
70%,
101%
100
96
10
KCFS&.M pr.. 50
Kelly Spr pr $2 fi?
ll., S pc pr*. 91% 95
Kelsey Wlie?!. 5j. :,x
do pr . S2 St)
Kcok ft D Si. 4% ? s
do 'jr . 20 30
Kress & Co.. 80% S7
Laelcdo Gus.. 35 30
Lake E & W. II l;i
do pr . 174 2"*-i
Leo Hub ft T 21% "2'
Lig-R & St T.. 135 150
do pr .100% 102
do B .130 1;?
L-W BUcnlt.. 44 45%
do 1st pr... 93% 9S
do 2d pr...l01 104
Lorlllard P . .132 HO
do pr . 95 105
Mai-.kay Cos... m t?:;
do pr .Vio en%
Manat? Sugar 93% 100
do pr .? 9-,
Manhat Beach % 2t?
Manilla El.... 42 431.
Mar Rockwell". 40 58%
Slay Dept St. 75 70'
,,,Uj P,r . ?7% 101
?Mix JVt pr.. 90 94
MIrh Central. 77 SO
MSPASSM pr 84 Oli?
do lsd line?. 51 55
Mont Power.. 61% 03
do pr . 95 99
Morris & Es.. 58 03
Mulllns Body. 33 34
do pr . 93
N'aih & Chat. 102 110
Nat Biscuit...107 112
do pr .101
Nat En & s 5X ;,<)
do pr . SR u.1
Nat Und pr. 101% 103
Ml? M 1st pr 8% 14
N Y Air Br. 9il 9?
NYCANL 1st. 00 71.
do 2d pr... 52
N V Dock ... 20 24
?lo Pr . 40 48
N Y L ft W 78 83
Norfolk So .. 20 21
Norf ft \V pr 00 75
Nora S? Steel 44% 40
Ohio Inel .. 49 51
Ohio ?l.xly ..- - i-ii
Otis Elbv ...125% 126
do pr .80 82
Otis Steel pr. ? 101
Owens Hot St 45 40%
?do pr . 90 100
Paelfli- Coast.. 23 40
do 2d pr. .. 45 B0
Pacific Mall.. 27% 31
Bar Tel ft T 41 42%
Pariah ft Ulna; ? 20%
Perm .1 C pr.. 80 SX
Too <| * ,? 31 :i4
Tits SI prl pr 57 59
P O Ci, S L72 7'.
PuiU Mull?... 37 40
Phil Jone? .. no 52
?"jerce Ar pr., 88 90
Pi?"*^", pr- "O "?'i
I W W ft o 11a l*n
Rr St Spruit 94* 9?
_oo pr .10? no
?J^anS "?
Beta ft Co... 10 r,
Bid. Ashed. . Bid. MV.fi.
Item T 1st pr. ? '."', ! do pr . 96 1"*
Kensst-laer ...? 105 ? United Dm... 10") 10?
II 1 & S pr. PI*. '.':! I do 1st pr... 44% 4S
Havago Amis. 37 39 L'a Dyewood.. f>SVi 53
&
S 1? K Su pr.105 106
?Standard Mill. ? 150
il? pr . 73!. 83
Siudebaker pr. -- f*5
Sup sitool. 50Vi r.i
do pr _ !C> 9,8
Tcuitor . 40',4 42
I T & P Id tr.285 325
1 Third At KK. 9 !>T.
Tidewater Mil. 190 105
Trans & W S 43 Va 47
Twin City H T 34 37
do pr . 65 85
Underwood T. 152
do pr
CSCI P & V 13 15
do pr .41V. 44
1* H Express.. 5 7
IT S I Al pr 91 95
U S B 1st, pr.l04V? 108
L'SS & K pr 42Vi 44%
Va Car Ch pr.lOSVi 107
Va I C & C.110 114
Wabash pr B 13 20
Wells Fargo.. 05 f.0%
West Pan pr. 67 69
Wilson Co pr. ? 93
Willys O pr.. 75 76%
Woolworth pr.103 110
do pr .? 117 WP _ M pr A ?
l*n Cigar St. .13? 175 ' do pr B.... 631* 66
Equipment Bonds
(Quoted un Income percentago basia.)
Name. Kate. Maturity. Bid. Ask.
Bait & Ohio.. 4'i lS_C-'27 8.50 7.50
Beth Steel_ 1 rP21-'30 7.73 7.25
Bost & Alb... 4V. 1920-'27 7.00 7.00
Buffalo, R&P4V.-6 1921-'33 7.60 6.85
do. 6 1921-'.3 7.75 6.75
Canadian Nat. 7 ?935 7.35 7.15
Canadian Nor 4 "..-5-6 1920-'29 8.76 7.50
Canadian Pao 4'.. 1920-'28 7.50 7.00
do . 6 1920-'32 7.75 6.75
C C C 4 St 1. 5 1921-'29 7.75 7.00
do . C 1921-'27 7.75 6.85
Chea & Ohio.. 4*4 1920-'27 7.60 6.75
Ch II I & Pao 41.-5 1920-'27 8.25 7.25
Chi & N W.. 4?.. 1920-'23 7.75 6.75
C St I. A N O 6 1920-'24 7.75 7.00
Del & Hudson 4V. 1922 7.37 6.50
Krlo . 4V.-5 1920-'27 8.25 7.00
Prisco Cons... 6 192i-'2_ 8.50 7.50
111 Central_ 4V4-5 1920-'27 7.50 7.00
Kan City So.. 6 1920-'24 7.75 7.00
Douls & Nash 5 1920-,23 7.50 6.75
llich Central.. 6 1921-'32 7.60 6.76
do . 6 1920-'3G 7.50 6.75
M S P & SS M 4V4-- 1920-,26 7.50 7.00
do . 6 1S21--20 7.50 7.00
do . 7 -?21-'30 7.75 7.00
N Y Cent L. . 4'. 1920-'28 7.50 7.00
N Y Cent R R 4Va 1921-'S2 7.50 7.00
. do . 7 l!'21-'35 7.25 6.80
N Y C & St I. 4',. 1921-'26 7.75 7.00
do. 6 1931 7.50 6.75
N Y N H & H 4'4-6-6 1920-'23 8.60 7.60
Norf & West.. 4 >>. 1920-'24 7.25 6.50
Nor Paelllc... 7 1921-'30 7.15 6.76
Pac Vr Exp.. 7 1926-'35 7.15 6.80
'Pennsylvania.. 4-4',. 1920-,23 7.60 6.76
| Reading Co... 4 Mi 1921-'27 7.37 6.75
| Seaboard _ 4Vb-5-6 1920-'27 8.25 7.60
i Southern Pac. 4', 1920-'26 7.60 7.00
do . 7 1924--35 7.00 6.80
i Southern Ry.. 4V.-5 I920-'2. 8.00 7.00
1 Union Pi
. .'aclfic. 7 19'_4-'35 7.00 ?.Of. I
Union Tank.. 7 19_o 7.63 7.37 I
Virginian Ry.. 6 192O-'30 7.37 7.00 |
Wabash . - 1921 10.00 7.09!
-,- I
Monthly Earnings
New York, Ontario & Western
July groas - ?1.638,190 Inc. $168.?8R !
Bal after tax.. 475,539 Dec. h.743 :
Net op Income. 473,981 Dec. 17,264 1
Soven moajrr.. 6,634.128 Inc. 664,759
Bal after tax.. 14P,871 Deo. 183.699
Not op Income,. r 0,343 Dec. 403,051
Lehigr'.ii Valley
?Tuty grosa .... J',,???17.530 Inc. $876,034
Deficit aft tax. 921.017 Inc. 101t60?
Net op deficit.. 830.662 Inc. 1.730.812
Seven mon gr.. 37,677.071 Inc. 2,520,192
Deficit aft tax. 6,016,264 Inc. 7.6.0,649
Net up denclt.. 0,809,006 Inc. 7,280,911
Texas & Pacific
July grosa. 33,32.",,118 Ino. ?338.543
Bal after tax.. 446,261 Dec. 203,242
Net op Income. 349,179 Dec. 227,308
Seven mo? gr.. ??.470.689 Inc. 1,141.144
Bal after tax.. 1,963,646 Due. 483.363
Mobil? & Ohio
July groa..?1.437,166 Ino. ?I9M.0
Def. after tax... 428,423 Inc. 494..S6
Net op. deficit.. 360,870 Inc. 401,642
Seven mo?. groaa.10,193,951 Ino. 1.816,410
Def. after tax.. 1,226,287 Inc. 387,063
Net ?p. deficit.? MS?... DM. 84,90?
In Wall Street
Four Months* Money Lent
Wall Street brokers, whose diet of
time money has been inordinately slim {
in recent months, yesterday found what '
they now look upon as a liberal supply
of such credit. The largest sum lent
on time on the floor for Stock. Ex?
change purposes that has been pu. out
in several months was reported to have
been offered yesterday, and it was
quickly taken. The amount in itself
was infinitely small in comparison with
what the latent demand is, yet the ap?
pearance of the funds encouraged bor?
rowers. On mixed collateral the money
was lent at 8% per cent for four
months.
French Loan Up to Paris
In the French loan negotiations the
next move must be made by the Min?
istry of Finance at Paris, which is now
in possession of the ideas of the New
York bankers on the subject. If a loan
is made?and there seems to be little
doubt that one will be?it will very
likely be a long-term issue, running
probably as long as twenty years, as
the bankers feel very strongly that the
American investment market at pres?
ent prefers longer time securities than
have been coming back recently. The
matter of detail is still open, yet rep?
resentative bond men predict a $100,
000,000 8 per cent loan.
D- L. & W. Strong
Delaware, Lackawanna & Western
shares were st?ong yesterday on the
exchange, and closed with a net gain
of 5 points, at 245, which was the peak
of the day. It was reported from Phil?
adelphia that a definite plan was reach?
ing a focus for segregating the coal
properties of the road into a separate
company in a manner that would be
profitable to present stockholders. This
report was categorically denied at the
?ffices of the company. However, it is
understood that another plan is really
under consideration by the officials of
the road, who may be expected to make
an announcement before long.
Gold From Canada?
In well informed financial circles it
was intimated yesterday that a move?
ment of _-old from Canada to New York
is about to begin. In fact, it is under?
stood that metal is on the way here rtt
the moment. It is uinted that the
metal is being shipped here under an
arrangement between Great Britain ?,nd
France in connection with meeting the
latter's half of the Anglo-French loan
maturity next month.
Illinois Central May Seek Funds
The Illinois Central Railroad will be
in the market during the fall for $20,
000,000 of equipment trust certificates,
according to an unofficial report from
Chicago yesterday.' The road recently
bought 100 freight erfgines, 25 pas?
senger engines, 25 switch engines, 1,500
freight cars, 35 passenger coaches and
20 suburban coaches.
Sixty-Cent Cotton
"What's become of the C0-cent cot?
ton the South was talking a few
months ago?" Inquired a Wall Street
man yesterday as he ?perused the Sep?
tember bulletin of the Department of
Agriculture showing promise of the
largest cottoto crop in five years. As a
matter of fact, the private crop reports
have lately been making estimates con?
siderably larger than that of the gov- ;
ernment, and this has been one of the ;
principal factors in hammering cotton
prices down. It's about time, in the !
opinion of oldtime cotton market men,
for certain of the Southern cotton
growing interests to charge conspiracy
on the part of the New York Cotton ?
Exchange to depress the price of cot- j
ton.
Sustaining the Weaker Roads
One of the quantities in figuring ;
the worth of SDecific railroad securi?
ties is the lack of data as to precisely ;
how the new rat? increases will affect
the earning, of any given road. The ;
Esch-Cummins" act provides merely
that the earnings of each of the
various groups of railroads shall be j
equal to 61. per cent of the value of i
the property of the carriers. Within ;
the group, some roads may, con
ceivably earn more and some less. It i
is not k >wn what the policy of the ;
Interstate Commerce Commission will i
be toward the roads that earn less. In j
view of this uncertainty, the view of j
S. Davies Warfield, head of the Na- ?
tional Association of Owners of Rail-j
road Securities, on the subject is es
pecially interesting. In his capacity
as chairman ef the Seaboard Air Line !
Railway, Mr. Warfield says: "Since
the operation of the act in relation to
rates is more or less automatic, should ?
the increase named not yield the ex- |
pected return under the requirements
called for by tho act, the commission
will doubtless make the necessary ad?
justments to meet those requirements."
Texas Company
The belief persists that the Texas
Company management has something
up its sleeve in the shape of a new
offering of stock at an attractive figure.
A ; rivate wire from Chicago yesterday
said: "Nothing definite here in the
way of news regarding Texas Com?
pany. It is understood there is noth?
ing official on it 1 ut certain directors
are in favor cf increasing the stock
and good opinion holds the idea that
the dividend will also be increased. It
is rumored that the Texas Company
plan will be something like that of the
Harvester Company."
Sinclair Oil
Stockholders of the Sinclair Consoli?
dated Oil Corporation now number
approximately 20,000, according to an
analysis of the company, prepared by
A. J. Johnson, members of the New
York Stock Exchange. The consoli?
dated income account for the six
months ended June 30 last showed that
income available for surplus and re?
serves, after interest and Federal taxes,
was at th. annual rate of $31,000,000,
compared with $19,601,2 5 for 1919.
This increase in net earnings is pro?
portionate to gross income, according
to the analysis, which for 1919 repre?
sented $76,00C,000, and for 1920, to
June 30, amounted to $66,000,000, or an
annual rate of $132,000,000. "These in- :
creased earnings," it is stated, "are '<
said to be the result of extensive ex- ?
pansion and improvement commenced
in 1919. Over $.00,000,000 was used
in the acquisition of new properties
securing additional pipe lines, enlarg?
ing its plants and transportation facili?
ties and tho establishment of stations
u; Mexico, Cuba, and along the Atlantic
coast for handling fuel oil." Announce?
ment was made yesterday that the
Mexican Seaboard Oil Company, which
u affiliated with the Sinclair Consoli?
dated, has just brought in an oil well
in Mexico flowing at the rate of 20,000
barrels daily.
_ ~r-?
London Money Market
LONDON Sept. 1.?Bar silver, 67%d
per ounce: bar gold. 115s Id; money,
hih. *2?_ Cent; diBC0U~t rates, abort
_i? _!?,_?.""M,three i??^?' bills,
bon 140 ' * d *rem!un" *t Lis
__-"?
_a_T?ari8 Ml"*?? Heavy
n^*1?* Sept. ^-Prices were heavy
SIE? ***".? to-d*y- Three per cent
?S??J_ BBT,r*n? ? centimes! ex
tim??? ?n Londo?> ? francs I?}, cen
Improved Outlook
For the Railroads
We shall be pleased to
send you a copy of our
special circular in
which we discuss the
probable effect of the
recent increase in rail?
road rates on the rail?
road bond market. We
mention in this circular
several railroad bonds
of companies which ap?
pear to us as HJ??ly to
profit materially from
the'increased rates.
Write for Circular 1010
Spencer Trask&Co.
25 Bread Street. Naw York
AXBaXY BOSTON CHICAGO
Members New York Stock Eschan?
Member? Cbleaco Slock Exchute
=s?
Our Own Branches
MOROCCO-EGYPT
We maintain our .own com?
pletely equipped branches in
Morocco and Egypt. Stra*
tegicaily located in Alexan?
dria, Cairo, Tangiera, and
other important cities, they
are in close touch with trade
and industry Direct connec?
tions with Tunis and Algeria.
The ifexr Yorle Agency will glo&l?/
supply further information.
Bank of
British West Africa
New York Office, 100 Beaver Street
???ata
R R. ATTLKBT J?OWIjlm) FMITH
Hem! Offlif>: I-onil n
ITSLm
Investors
By answering this ad?
vertisement you will
obtain a list of care?
fully selected Rail?
road Bonds yielding
from SV2 to 8V2%.
These Bonds offer an
opportunity to realize
possible profits rang?
ing from 20% to
35%.
When writing for a
complimentary copy
ask for List No.
A-150.
Herrick &. Bennett
Member? Sew York ?tocK I.ulumg*
66 BROADWAY, NEW YORK
Telephone Rector 90ij0
BRANCH OFFICES
5X Eaat 42nd St. TcckaU!!
New York City New York
t?
WE RECOMMEND
New York,
New Haven &
Hartford R. R.
Debenture 4s
Due April 1, 1922
Price at the market
to yield over 20%
McCIure, Jones & Reed
Member? New York Stock Kxchanf?
115 Broadway New York
Telephone /L'cfor 7662
High Grade
Preferred Stocks
of many well known companies w'">
estaLHshed earning power are' ?dl
ing a?, prices to yield as high **
Inquir?, -virdiu.'.'y inxHied
HL D. Bobbins & Co.
Incorporated
61 Broadway New York i
Banking Heine of
HENRY CLEWS & CI
Members of >. \. stork Bi-cbtmUt,
?. 13,15,17 and 19 Broad St, N.*
Interest allowed on ?Vpoft't ****&
?object to cheque. Block. Bond *aA j*L
Taauea of lUllroud and Induatrlal t^j
p?nica llou>:Iu and Bold for caani
'HfrVll r>n , ??,). j... v:,( \vf. f,.r!??
forbtox lettzbs or credit ib
LIBERTY BONBJ
Bwh \ R2? rtfth Are. ?? Fnlco Ijgj
, Ott*?: j JT? ?aene at. 14? ?aal *?**$
I J? Caer* St., Brooklyn_

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New-York tribune. [volume], September 02, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924