New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 03, 1920, Image 12

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New-York tribune. [volume], September 03, 1920, Page 12, Image 12
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New-York tribune. [volume] (New York [N.Y.]), 03 Sept. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-09-03/ed-1/seq-12/>

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New Orleans and
Northeastern R. R. Co.
Al/2% Bonds?Due 1952
Dividends paid regularly
since 1903
Price to yield about
6V>%
Circular on request for AK-ZH
TheNationalGfy
Company
Mala 0??e: NattoasJ City Bask ?.ultitia
Usfswa Ofllee: Filth Ay?. A 43rd St
High Grade Bonds
Our September circular of?
fers suggestions worthy of
the most careful considera?
tion of institutions and in?
vestors, and will be for
waided upon request for
T. R. 92.
Jelke,
Hood & Bolles
MEMBERS _N-** STOCK ?PCCHAWW
40 WALL STREET
NEW YORK
Founded 1797
Seasoned
investments
30 Pine Street >
New York
WE RECOMMEND
New York,
New Haven &
Hartford R. R.
Debenture 4s
Eh* April 1. 1922
Price at the market
to yield over 20%
McClure, Jones & Reed
Member? New York Stock Exchange
US Broadway Now York
Telephone Redor 7662
STANDARD OIL
STOCKS
Bought, Sold & Quoted
CCKerr&Co.
2 Rector .St, N.T. Humes?7WlUetar
investment '
Suggestions
Glidden, Davidge & Co?
Member* New York fttock Exchange
29 Broa i St, ItW York.
?? mi : i.. :a , : ?=
Beads for livestmeot
?arris, Forbes ft C?
Ptmm ?rat, fernst WH?sm .
MEW YORK
Coal & Iron Nati Bank
National City Bank Rights
Bankers Trust Co,
ftfcCLURE? JONES A REED
fs?^^m^it%mmM_^?_?~r-JLBCTg.,tK*l JBZISI,
Active Buying of
Railway Shares
Market Feature
Many Issues in Group Carry
Further in General Re?
covery; Industrials Also
Do Better; Money Drops
to Six
There were no signs of any slack?
ening of interest in the railroad shares
at the Stock Exchange yesterday. If
anything, this part of the market un?
derwent a further broadening and
the buying was sufficiently well sus?
tained to establish many of the
leaders at new high prices for the
year. Trading in the rails, in fact,
; supplied the largest bulk of the turn
| over, buying orders coming into the
S market in heavy volume over the wires
I of commission houses.
? ' The bear party, of late actively en
? gaged in selling industrial stocks for
; the decline, ceased their efforts to
depress values, 30 that this part of
? the market also shared in the general
j improvement. Steel common gave an
i impressive display of strength, ad?
vancing at one time above 90, but eas?
ing off before the V:lose on profit
taking. Elsewhere in the industrial
list substantial advances were scored,.
I with a number of the lower priced oils,
j like Sinclair and Transcontinental, es?
pecially prominent. Even the motor
I shares, which have lately been sub
1 j?cted to a great deal of special pres?
sure, came through with,a substantial
reepvery. The improvement in the
whole industrial group appeared to be
a result of the rise in the rails which
has created a better feeling all around
and has been an important factor in
discouraging bear operations.
In the railroad department, invest?
ment issues like Union Pacific, South?
ern Pacific, Atchison, New York Cen?
tral, Norfolk & Western, Northern
Pacific and Great Northern preferred
were among the leaders. The largest
volume of activity came in the lower
priced rails, however, issues that have
attractive speculative possibilities in
view of the advances in freight and
passenger rates just made effective.
The Erie, New Haven, St. Louis South?
western, Southern Railway, Norfolk
Southern and Chicago, Rock Island &
Pacific were among the issues in this
group which appeared to be in greatest
favor.
A further lowering of the call money
rate helped sentiment. Borrowers at
the Stock Exchange were able in the
afternoon to cover the immediate
need at 6 per cent. Renewals had
been made at 8 per cent, with a de?
cline in the rate by mid-day to 7
per cent. Semi-official announcement
that upwarB of $50,000,000 in gold is
about to be shipped to this country on
French account in connection with the
Anglo-French loan maturity next
?month was looked upon as a most im?
portant development. This gold will
be of great value in sweetening up
bank reserves.
Money and Credit
After renewals had been negotiated
en a basis of ?? per cent yesterday, the
cal? loan rata dropped to 6 per cent in
the afternoon.
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 days-^.8?i>8?4 5*4(076
Four months .8@8% 5*i(n^6
Four to six .nonths..8@81/? 5%?6
Bark Clearings?Bank clearings at
New York yesterday were: Exchanges,
$798,378,539; balances, $77,754,087.
Silver?London, 58^?d; New York,
domestic, 99%c; foreign, 93?4c; Mexi?
can dollars, 71c. ?
Sub-Treasury ? United States fund
reserve credit balances, $5S,117,9S0.
i Canadian Exchange?New York funds
in Montreal $100 premium per $1,000;
j Montreal funds in New York, 90.91 dis
| count per $1,000.
I -:
The Dollar in Foreign Exchange
? Sterling was a shade rasier yester
! day, and francs and lire were slightly
i lower. The volume of trading was thin,
i end the lack of forward ?>uying is at?
tributed mainly to the tightness of
i credit. Some bankers are of the opin
! ion that buying of dollars in anticipa
! tion of the Anglo-French maturity has
? been the main force contributing to the
? depression of the European exchanges,
? and that purchasing is now practically
completed, it is understood.
Yesterday's closing rates, compared
with those of a week ago, follow:
(Quoted in dollars to the pound.)
Yester- Week
day. Ago.
Sterling, demand. 8.55125 8.5725
Sterling, cables . 8.55875 3.58
Sterling, sixty days... 3.57125 3.5325
Sterling, ninety days.. 3.49125 3.5125
(Quoted in cents to the unit.)
Francs, checks . 6.9350 7.01
Francs, cables . 6.9450 7.02
Belgium, francs, checks 7.39 7.50
Belgium, francs, cables 7.40 7.51
Lire, checks . 4.6550 4.66.
Lire, cables . 4.6650 4.67
Swiss, francs, checks.. 16.37 16.50
Swiss, francs, cables... 16.42 16.55
Marks, checks . 2.0150 2.07
Marks, cables . 2.0150 2.07
Guilders, checks .31.75 31.80
Guilders, cables .31.875 31.90
Austrian, crowns, chks .47 .47
Austrian, crowns, cables .47 .47
Denmark, checks . 14.32 14.10
Sweden, checks . 26.00 20.25
Sweden, cables. 20.10 20.35
Denmark, cables . 14.37 14.15
Norway, checks . 14.15 14.10
Norway, cables . 14.20 14.15
Pesetas, checks . 14.90 15.07
Pesetas, cables . 14.95 15.12
Greece, checks .10.90 10.875
Greece, cables . 11.00 11.00
Manila, checks .46.50 46.?50
Manila, cables .46.75 46.75
India, rupees, checks.. 34.25 34.75
India, rupees, cables.. 34.50 35.00
Japan, yen, checks ... 51.125 51.25
Japan, yen, cables _ 51.375 51.50
Argentina, checks -85.50 84.50
i Argentina, cables .... 85.75 84.75
Brazil, rio, checks _19.625 19.75
Brazil, rio, cables _ 19.75 19.875
Czechoslovakia, ?hecks 1.70 1.73
Czccho-Slovakia, cables 1.70 1.73
e
Bank of England Statement
LONDON', Sept. 2.?The weekly state?
ment of the Hank of England follow?s
Hulllon .?122.0*1.000 Trio. f .'?3.000
Circulation ... 126.532 000 Inc. ?0,797.000
I PmIjIIc ?lepoalta 10,433.000 Inc. 24.6tu.000
I Other rato dep 112,339,000 Inc. 102,313 000
Uovt.securltic?, 67.40S.O0O Dec. 37,491.000
1 OtheresecurlUe? 75,467,000 Dec. ?1,636,000
1 Re?erv? . 14,?99.000 Dec. 26,904.000
The proportion of the hank'? reserve to
i liability th!? week I? II.AC per cent. I.a?t
?week It wa? 14.30 per cent. Rale of ?lia
I count. 7 per ?sent.
Bank of France Statement
PARIH, Wept. ?.?Weekly statement of
th? Hank of franc? follow?:
Hopt?s?nber, Auft-u?t 25,
franc?. franc?.
OoM . 8.6*0.000,000 6,690.201,000
?liver . 264,500,000 264,700,000
?'Insulation .,..??.333,100,000 37,904,G00,000
Deposits . 3,041,100,000 3,20?,M)O.OflO
I/oan? A dlsc't?.. 4,6*0,400,000 4,363,300.000
Tress, deposits. ?4.?00,000 ?4.300,000
.? s . ??
Stock? Ex-Dividend
' Pats. Company. ret.
, ??pt 3?CsVimet 1/ Aritona Mln Co.. 1
'?<?pl l-Mfstiy ('??. 114
it, pi 4? ,in ft. I
,*<? t*t 7?Msrfent'uaiar f.liiAlype Co. . . . 2W
?' j<t :?U f Atr HrsUo Co. 24
j ristjt 4?Vn>i*twotii lyp?wrl.?r Co.,. 2
1 .??#. l-*a??> a*?"?'rai?#r"c?r?..;. a
[Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
(Copyright, 1920. New York Tribune Inc.)
Day Year Jaaoary 1 to date.
Yesterday. before. ac?. 1820. 1919. 1918.
Railroad stocks . 369,800 341,700 241,600 25,064,200 41,313,600 20,506,700
Other stocks. 329,700 313,200 1,368,800 130,344,200 161,332,800 69,449,800
All stocks . 699,500 654,900 1,610,400 155,408,400 202,646,400 89,956,500
Yesterday. Day before. Year ago. 1920. 1919.
V. S. trovemment bond?. $5,841,000 $5,149,000 89,040,000 ?2,039,192,000 $1,651,715,000
Railroad bonds . 3,896,00? 2,988,000 1,098,000 264,769,000 243,973,000
Other bonds . 824,000 1,644,000 681,000 248,462,000 259,477,000
All bonds . 10,561,000 9.781,000 1-0,819,000 2,552,423,000 2,155,165,000'
Record of Stock and Bond Averages
(Copyright, 112?. New Torts Tribuno lao.)
Stocks Range thus Range -fall
Yester? Day Year far 1920. year 1919.
day. before. ago. High. Low/ High. Low.
20 Railroad stocks. 68.05 67.40 68.90 68.70 53.60 78.80 68.35
30 Industrial stocks. 86.20 85.60 106.40 110.30 82.53 119.33 79.20
50 Stocks . 78.94 78.32 91.40 92.05 74.46 99.54 75.92
Bonds
10 Railroad bonds. 73.33 73.02 76.41 76.28 60.73 82.80 72.83
10 Industrial bonds. 82.96 83.10 93.10 91.45 82.92 95.70 90.56
| 5 Utility bonds. 68.44 68.28 80.00 74.53 67.64 87.75 71.80
25 Bonds. 76.20 76.10 83.80 81.71 73.94 87.91 80.21
High. Low. Dir. Net
1920. 1920. Rate. Sales. Open. Higl?. Low. none. chge. Bid. A??.
46 25 ? Adams Express .... 300 35% 37% 'SS'/a 3714+ 2'A 34 36%
46% 25 ? Advance Rumely .... 300 31 31'/a 31 31%+ 1% 30% 31%
2% 1 ? Alaska Gold Mines.. 200 1% VA 1% VA- l'A 1%"
3 1% _ Alaska Janean . 1900 1'/2 1% 1% I'/a?- 1'/a J%
53% 28 1 Allls-Chalraers . 2600 31% 33% 31?4 333/4+ 1% 33'/2 33%
92 70% 7 AUis-Chalmers pf ... '400 71 72 71 72+1 71 '4
95 75 8 . Amer Agrl Chem ... 1700 78% 78% 78 78%? % 79 80
? ? 8 Amer Beet Sugar ... 100 73 73 73 73 + % 72% 73%
128% 81!/8 10 Amer Bosch Mag .. 900 83'/4 84 83'/, 84 + 1 83% 85
61% 30%? Amer Can . 900 34% 34?4 34% '34%+ 'A 34% 35
101 87 7 Amer Can pf . 1200 89% 89% 89% 89%-|- % 89 90
147% 124% 1-J Amer Car & Fdy.... 900 134 135'/2 134 135% + 1 134% 136%
54% 23'/4 ? Amer Cotton Oil ... 1500 25 ' 25% 25 25% + % 24% 26
15% 9% .80 Amer Drug Synd ... 300 10i/8 10% 10% 10%- 10 10% i
175 95 6 Amer Express . 100 137 137 137 137 + 6% 13S 137 i
30% 13 ? Amer Hids ft Leath. 1000 13'/2 13% 13% 13%+ % 13% 14
122 72 7 AmerH.& L pf,... 500 74'/8 74|/8 74"/s 74/?+ % 74% 75
1l9% 64% 6 Amer Int Corp. 1400 70 71!/2 70 71% + 1% 71% 71'/2
109'/4 82 6 Amer Locomotive ... 1300 94'/2 95% 94'/, 95'/2+ % 95 95%
17% 11%? Amer Safety Razor.. 1400 13 13'/8 12% 12%? % 12% 13
30% 16% ? Amer Ship ft Com... 900 20'/? 20% 20 20 - 19% 20
72 52% 4 American Smelting .. 200 56 60 56 59'/2+ 3'/2 59 59'/2
83 71 6 Am Smelt pf A.... 200 72% 73% 72% 73%+ 1% 73% 75
115% 86 8 American Snuff . 400 103 103 103 103 +3 101 110
50 33% 3 Amer Steel Fdry.... 1900 36% 37% 36% 37 - 37 37'/2
93% 85. 7 Am Stl Fdry pf. 100 85% 85% 85% 88%+ % 85 86
142% 109 7 American Sugar .... 700 110'/4 110'% 109% 110 ? ?/4 110 110%
106% 74'/4 10 Am Sumatra Tab... 2600 83'/4 86 83 86 + 2% 85 86%
1003-4 92% 8 Am Teleg & Tel.... 2200 97% 97% 97'/* 97%+ % 97'/4 97%
283 104% 12 American Tobacco... 400 120% 120% 120 120%+ 1 118 121
310 102 12 Amer Tobacco B_ 900 115 115% 114'% 115 ? /a 113 117
973/4 85% 6 Amer Tob pf new .. 100 88% 88% 88% 88%? % 88% 90
165% 1ZV*. 7 American Woolen ... 1600 80% 81 79 80%+ 1% 80 80%
105% 91% 7 Amer Woolen pf.... 50 95 95 95 95+3 92% 97
G1% 38 ? Am Writ Paper pf.. 500 50 52% 50 62+2 62 52%
2134 11 ? Amer-Zinc . 400 11% 12% 11% 12'/2+ % 12% 12%
66% 49% 4 Anaconda . 2900 52% 64|/4 52% 54 + 1'/4 53% 54
20/4 18% ? Atlantic Fruit . 700 18% 18% 18% 18'%? % 18% 18%
67'% 25 4 Associated Dry Goods 100 31% 31% 31'% 31'/4+ 1 31 33
86% 76 6 Atch, Top & S F. 9900 84?/4 85% 84 84%+ '% 84'/4 84?4
82 72 5 Atch Top & S F pf.. 700 77 77 77 77+2 75% 77
9 6 ? AU, Blrln & Ati ... 300 7'% 8 7'/4 7%+ % 7/4 7'/2
93 82% 7 Atl Coast Line. 400 92% 92'/2 92% 92'%? % 92% 93
176% 128% 10 Atl, Gulf ft W I.... 1100 135% 136 135 136%+ 1% 135 136%
24 19% ? Austin Nichols . 300 19% 19% 19'/2 19%- 19 20
148% 100 7 Baldwin Loco Co... 14100 108% 108% 107% 108%+ % 108'% 106%
43 27%? Bait & Ohio . 6200 42% 43 42 42%+ % 42% 42%
62 40% 4 Bait & Ohio pf. 2100 51'/2 52 51'/2 51%+ % 51% 51%
43% 35 ? Barnsdall B ..*. 300 38 38 38 38 - 35 38%
154% 114 8 Barrett Company ... 500 136 '136 136 136 + 2 135 136
1% % ? Batopilas Mining ... 500 % % % %+ '/a % 1
32% 5% ? Beth Motor? . 1000 6 6/4 6 6 - 6 6'/4
102% 68 5 Beth Stce', Class B.. 10500 75*4 77'/4 75% 76%+ % 76/4 76%
17 9'%? Bklyn Rapid Tran... 1300 10% 11% 10% 11%+ 1% 11% 11%
13% 6% ? Bkyn Rnp Tr ctfs... 500 8 8% 8 8/2+ 1% 8% 9
62 43%? Bklyn L'nlor. Gas.... 100 50 50 60 50+1 49 52
15 6% ? Booth Fisheries . 100 7 7 7? 7 + % 6% 7
45 45 4 Buff & Susq pf. 600 45 45 45 45 - 42 45
11% 6% ? Butte Cop & Zinc ? 400 7 7% 7 7%+ '/4 7% 7%
29% 16 ? Butt?; & Sup Copper.. 200 18% 20% 18% 20 + % 19% 20
27% 11%? Butterick Co . 300 11% 11% 11'/2 11% + % 12'% 12%
23% 10%? Caddo Oil . 700 14 1434 14 14%+ 1% 14% 14%
85% 63 6 Calif Packing . 100 67% 67% 67'% 67'/8+ 1 67'/4 68
46 22% ? Calif Petroleum _ 500 26% 28 26'% 28 + 2% 27% 28%
134 110 10 Canadian Pacific ... 10900 122'/4 123 121 121 ? % 121 121'/4
10434 49 5 Central Leather .... 400 53 53% 53 63%+ Va 63% 54
108% 96 7 Central Leathfr p." . 500 96 96 96 96 ? 1/4 96 97
613/8 337B 4 Cfrro De Pmco. roo 40 42 3334 41%+ 2% 41 % 41%
164% 79% 10 Chandler Motors ... 1100 85 86% 85 85'/2+ 1% 85% 86
61% 47 4 Ches & Ohio. ?Q00 60% 61% 60'/8 60%+ '/2 60% 61
1134 6 ? Chi & Alton. 900 10% 11 10% 10'/?+ % 10% 10%
12% 4% ? Chi & East ?H. 600 11% 12% 11% 12%+ 2 12% 12%
141/4 4% ? Chi ft E III pf. 400 14% 141/4 14% 14'%+ 1% 14 14%
10% 7 ? Chi Great Western.. 300 9/4 9% 9'/4 9%+ % 9/4 9%
27% 19% 2 Chi Gt Western pf.. 1100 26% 27 26'/a 26-%? 'A 26 27
42% 30% ? Chi, MK & St Paul.. 15100 37% 3834 37% 38'/4+ % 38 38'/4
61% 4534 ? Chi, M & St Paul pf S800 55 56% 54% 5f>%+ % 55% 5534
91% 67 5 Chi & Northwest... 900 73 74% 73 73**+ '/4 7334 74
41% 23'/2 ? Chi, Rock Isl ft Pac. 7300 38% 38% 38 38% + % 38% 38'%
|79 64% 7 Chi, R I & P 7% pf. 600 77% 79 77% 78%+ 1% 78% 79'%
67% 54 6 Chi, R I & P 6% pf. >1100 66'/4 67% 66/4 6/%+ 1% 67% 68
66 58 5 Chi, St Paul, M ft O. 600 64 64 64 64 + 1% 63 66
55 42 ? C, C C ft St Louis.. 300 54% 55 5434 55 + '% 51 57
68 62 6 C, C C, C ft St L pf. 300 67 67 67 67+2 66 67'/;
21/4 12 1% Chile Copper . 4300 14 15'/8 14 1434+ % 14% 15
44'/4 24% 3 Chino Con Copper... 500 2734 28% 27% 29 + 1% 28% 29'/
4034 30% 4 Coca-Cola . 700 34% 35 34% 36 + % 34% 35
44% 28 3 Col Fuel ft Iron. 500 36 36 36 36 + % 35 36
105 97%? 8 Col Fuel ft Iron pf.. 200 97'/4 97/4 97% 97%- ? ?
29 20 ? Colorado ft Southern. 500 28 29 28 28%+ % 28% 29
43 35 4 Col ft South 2d pf. . 100 43 43 43 43 + 8 43 50
65% 1934 1 Columbia Graph _ 1600 22% 23% 22% 23%+ % 23% 23' '?
67 50 5 Col Cas ft Elec. 400 55 55 55 55 + % 64% 65'/
79% 55% 7 Consol Cigars . 700 76% 76% 75 7634+ 1% 76 76'
93% 73% 7 Consolidated Gas .. 3100 87J% 82% 80% 82 + 1% 81 81/
20% 9% 2 Con In**l Cal Min.. 10-00 10 10% 10 10%- 10?% 10/
97% 74% 7 Continental Can - 200 78 78 78 78 ? % 78 78^
14% 10% 1 Continental Candy.. 700 11% 11% 11% 11%- 11% -| 11^
tO&'A 76% 4 Corn Producto . 900 88% 88% 87% 87/2? % 87% 873,;'
46% 25 3 Con Textile . 500 29 23% 29 29%+ 1 28% 29/
433B 30 2'% Coaden & Co . 1600 37% 38% 37% 38 + '/? 37% 38?/
278% 115% 8 Crucible Steel . 2900 119% 123 119% 120%+ 1 120% 121
603,? 36% 7 Cuba-Amcr Sugar ... 900 42 42% 42 42%+ 1 42% 421
59% 32%? Cuba Cano Sugar- 1000 34?4 35% 34% 35 + % 35 35'/
9934 83% 9 Del? & Hudson. 300 100 100 100 100+3 100 101
250% 165 10 Del, Lack & West... 200 241 241 241 241 ?4 235 240
9 4 ? Denver ft Rio Gr- 1500 5% 5% 5% 5%- 5% 53
16% 9 ? Den & Rio Gr pf- 8100 1234 13% 12% 12%+ % 12% 13'
101 85 8 Det United R R. 200 92 92 92 92 + 1% 90 100
13 9% 1 Dome Mines . 500 11% 11% 11% 11%- 11?/2 n3
5% 3 ? Dul,' So Sh ft Atl... 200 6% 6% 5% 6%+ 1 3% 5?
11 7 ? Dul, 80 Sh ft Atl pf. 33?X) 9 9% 9 9+1 7 10
28 18 ? Elk-?torn Coal. 300 22% 23 22'% 23 + % 21% 23
91 71 7 Emerson-Brandt pf . 200 71 71 71 71 - '69 72
104 92 7 Endicott-Johnson pf. 400 95% 95% 95% 95%? % 92 95',
16 9% ? Erie . 9900 15% 16 .15% 15%+ % 15% 15?
25% 17%? Erie 1st pf. 7900 25 25% 25 25%+ % 25 25'?
18% 12%? Erie 2d pf . 4300 17?4 18% 17% 17%+ % 1734 18',
95 65% 8 Famous Players _ 2700 71% 74 71% 74 + 2% 7334 74
91% 80 8 Famous Players pf . 300 83 83% 83 83%+ % 83% 84
48 25% 3 FUk Rubber Tire ... 500 26% 26% 26% 28%+ , % 26% 27
36% 20 ? Freeport Texas _ 900 21 21% 21 21 ? % 21% 21'
172 134 8 General Chem Co .. 200 169 169% 169 16934+ 234 165 170
75% 68% 6 General Cigar . 400 64% 64% 63% 63%? % 63 64'
172 134 8 General Elee Co ... 200 143% 143% 143% 143%? % 143 144
42 19% 1 General Motors .... 6100 20% 21% 20% 21%+ % 21% 21'
89% 72% 6 General Motors pf .. 600 72% 72% . 72% 72%? I34 72% 74
85% 68 6 Gen Motors 6% deb. 300 68% 69 68% 68%? % 68 68'
93 79% 7 Gen Motors 7% deb. 900 7934 80 79% 80 + % 79 S3
85% 49% 6 Goodrich, B F . 600 54 54% 54 54+1 54 66
4934 18%? Gray Davis . 300 18% 18% 18% 18%? 1% 18 20
55% 3134? Granby Mining - 500 36 36% 36 36%+ 2 36 36
20% 17%? Guatanamo Sugar .. 400 19 19% 19 19%+ % 19 19
8434 67% 7 Gt Northern pf -' 6900 76% 79 76% 78%+ 134 78 78
41% 30 4 Gt North Ore subs.. 400 3134 32% 3134 32%+ % 32 32
38% 23 .50 Greene Can Copper. 600 25 25% 25 25%+ % 25% 26
15 7 ? Golf Mob ft North.. 100 13% 13% 13% 13%- 12% 12
34 25% ? Gulf Mob ft North pf 200 30 30 29% 29%? % 28% 30
40% 2134? Hendee Mfg ?. 900 23% 24 23% 24 + 1, 23 25
77% 50 4 Hank ft Bar Car Co. 600 68% 69% 68% 69%+ % 68% 69
109% 75 ? Houston Oil . 900 102% 104% 102% 104%+ 1% 102 104
23% 13 1 Hupp Motors . 200 15% 15% 15% 15%? % 15% 15
93?/4 80% 7 Illinois Central _ 100 88 88% 88 88%- 88 88
9% 5% .60 Indiahoma . 100 7% ? 8 7% 8 - 6% 8
61% 43% 4 Inspiration Copper . 900 45% 47% 45% 4634+ 1% 4634 47
4%, 3 ? Inter-Cons Corp ... 2700 3% 3% 3% 3%+ % 3% 3
16%' 834? Inter-Cons Cor. pf.. 2400 10% 11% 10% 11%+ 1% 11% 11
51% 21%? Int Mer Marine ..,. 300 24 24 24 24 + % 24 24
111% 70% 6 lnt Mer Mirine pf.. 200 74% 75% 74% 75%+ 1 75 76
170 37 ? Int Motor Truck ... 700 39% 39% 39% 39%+ 1% 39 4C
9134 62% ? International Paper. 200 79 7934 79 79%+ 1% 79 79
79% 70 6 Inter Paper pf Stpd 100 72 72 71% 71%? 1 ?71% 72
2634 15%? Inter Nickel ;. 6200 19% 20% 19% 19%+ % 19'% 2C
20 20 ? Indian Ref . 900 20 20 20 20 - 20 2C
97 97 7 * Indian Ref pf . 400 97 97 97 97 - 97 9?
47% 38/4? Invincible Oil . 4100 35% 38% 34% 36%+ % 36% 31
51% 36%? Iron Products . 300 43 43 43 43 + 1 40 4
7% 6%? Island Oil ft Tr- 7100 5% 6% 5% 6 - 6 <
2034 13%? Kansas City Sooth.. 6100 20% 21% 20% 21 + % 20 2
49% 40 4 Kansas City South pf , 30O 47% 48% 47% 48%+ % 49 5(
33% 22 2 Kennecott Copper .. 1300 23% 25% 23% 24%+ 1 24% 2'
48% 13% 1.20 Keystone Tire . 500 16% 16% 16% 16%+ % 16% 11
91% 63 6 Lackawanna Steel .. 1300 68% 68% 68% 68%+ % 68 61
43 35 ? Laclede Gas . 200 36% 38 36 36+1 36 3
14 8% ? . Lake Erie ft West.. 300 14 14 14 14 - 13% 1.
2234 16 ? Lake Erie ft West pf 100 22% 22% 22% 22%- 22 2;
38% 21 2 Lee Rubber ft Tire.. 200 21 21 21 21 - 21 2:
48 3934 3% Lehlgh Valley . 1600 46% 48 46% 48 + 1% 47% 4
36 18% 2 Loew?. Inc . 2300 20% 20% 20% 20%- 20% 2
28 11%? Loft Candy . 1500 11% 11% 11% 11%? % 11% 1
70 43% ? Loose-Wiles Biscait. 100 44 44 44 . 44?1 44 6
1'2% 94 7 LouUv ft Nashv ... 400 102 102% 102 102%+ % 101% 10
64% 69% 4 Mackay Cos pf .... 100 60% 60% 60% 60%+ % 60 6
151% 96 10. Manat? Sugar . 900 98 99 98 99+3 98% 10
62% 21% 7 Manhattan Kiev ... 200 43% 43% 43% 43%+ % 42 4
30% 19% 2 Martin Parry . 200 21% 21% 21% 21%? % 21% 2
38 7% ? Maxwell Motor Co .. 6100 10 10 9% 9%? % 9 1
63% 16 ? Max Mot 1st pf_ 1000 18% 19 18 18%+ % 18 1
30% 8 ? Max Mot Co 2J pf.. 200 8 10% 8 10%+ 1% 8 1
131% 70% 8 May Depart Storos?. 1300 76% 75% 74% 79 ? % 75 7
I 222 148 10 Mexican Petr?leo?. 2900 161% 164 161% 163%+ 1% 163% 16
j 26 18% 2 Miami Con Cop _ 200 19% 20 19% 20 + 1 19% S
I 7134 10% 1.60 Middle States Oil... 10700 11% 12% 11% 12 + % 12 1
62% 37 4 Mldvale Steel . 700 39% 30% 39% 39%? % 39% 2
i 18% 9 ? Minn ft Ht Lou now 1900 16% 16% 16% 16%+ % 16% 1
80 63 7 M, St P ft S St? Mar 200 78% 78% 78% 78%+ 1 80
11 3% ? Mo, Kan ft T?s_ 4300 8% ? 8% 8%+ % 8%
18 7. ? Mo, Kan ft Tez pf.. 1400 14% 14% 14% 14%+ % 14% 1
31% 21 ? Missouri Partite .... 8900 2$ 28% 27% 28%+ % 28% 5
80 36 ? Missouri Pacific ?f.. ?100 4? B0 48% 49%+ % 49% *
40 27% ~ Mont Ward ft Co .. 200 33 33 33 33 ? % 33% i
100% tl 7 Montana Paw? pf.. 400 Mft 96% 98% ??%+ V? 88% f
High. Low. Div.
1920. 1920. Rate.
32 4
44 ?
83 7
84 7
6% ?
50 6
4% ?
10% 1
31 ?
64% 5
2334 ?
41% 5
46
30% 4
71% 6
67?4 6
37% 3
16 ?
9 ?
27 ?
22 ?
39 ?
56 5
30% 3
33% ?
35 ?
34% ?
11 ?
61% 5
21% ?
51
86%
97
102%
13
89%
7%
17%
4734
77%
40%
6S
48%
3634
21 </o
29
100%
84%
6%
157
41%
65
78
116%
III34
43%
36%
16
42
32
51
68
42%
44%
44
82%
23%
64%
33%
2734
113%
104%
60%
124
120
22%'
9434
45
45%
124%
10634
55%
93%
123%
21%
283,4
4234
29%
39%
9%
18%
25%
90%
483/4
82/4
105%
30%
62 50
113% 100%
61% 26? e
118%
12630
60
133/a
50%
47
53%
17%
95%
15%
24
34%
7T8%
127
?8
Sales. Open. Hieh. Ia>w.
Mullins Body . 100 32% 32% 32%
National Aniline
National Aniline pf.
Nat Cloak ft Suit pf
Nat Con ft Cable ..
Nat Enamel & .Stp..
Nat R R Mex 2d pf.
Nevada Con Cop ...
N O, Tex & Mcx
New York Central. .
N Y, Chi & St Lou?
N Y, C ft St L 2d pf
20 2% New York Dock
23% -*?
16 ?
10 ?
85 7
66% 7
19% ?
500 75%
200 87%
500 84
900 7%
900 583a
5700 47E
4100 10%
200 39
4300 753j
900 39
1300 55
200 24
N Y, N II ft H. 14300 353,
N Y, Ont & West.. 1500 213,
Noifo'k Southern .. 200 23/
Norfolk & Western . 31C0 95/
Northern Pacific ... 8100 73/
3% .40Okla Prod ft Ref .. 1500 3?,
107 Ss Otis Elevator. 200 125
Otis Steel . 100 22/
Owens Bot Mach ... 700 46/
Pacific Develop _ 100 30?
Pan-Amer Petrol .. 5700 873,,
Pan-Amer Pet B ... 600 S1 '
Penn Railroad . 1900 41 ^
Penn Seab Steel- 200 17?/
Peoria ft Eastern... 1300 113,
People's Gas ft Coke 900 33?
P?re Marquette . 6400 25V
P?re Marquette pf. .. 100 46[
Pere Marq prior pf.. 100 60
Philadelphia Co _ 900 35?
Phillips Petrol . 1500 35-,
Pettibone Mulliken .. 200 37
Pierce Arrow . 900 34',
Pierce Oil . 300 13
Pittsburgh Coal. 400 61?
Pitts & W Va. 1900 31 i,
Pond Creek Coal_ 1500 16
Pressed Steel Car .. 200 96=
Pressed Steel Car pf 25 99?
Pure Oil Co. 200 38!,
Pullman Co . 200 114
Punta Alegre Sugar. 1100 72
Ray Consol Cop. 100 15i
1%
1%
%
+ %
12%
84
96
36
109
66
13%
643/4
32%
33%
76%
92%
26
34%
69%
5% ?
15% ?
23% ?
11 ?
20% ?
6 ?
10 ?
12 ?
45%
Reading . 2200
Reading 1st pf.
Reading 2d pf.
Repub Iron & Steel..
Repub I & S pf.
? Rep Motor Truck ..
? Rep logic Steel _.'.
5.50 Royal Dutch N Y shrj
? Saxon Motors .
? St Louis & San Fran
? St L & San Fran pf
St Louis S'wcstern..
St Louis S'wcstern pf
Seaboard Air Line...
Seaboard Air L pf..
Santa Cecilia Sugar.
74 Shell Trans
Tr..
23% ?
59 6
88% 6
18 ?
6
7
4
4
7
C
200
200
300
300
2500
500
1300
900
.9900
1300
8700
2300
4300
14C0
1C0
200
2900
800
13600
%
%
1%
50
5834
41
9 ?
40% 3
25 ?
Sinclair Oil _
S S St & I _
Southern Pacific
Souihern R R. 21400
Southern R R pf_ 900
Standard Oil N J pf. 1300 1C4% 105 104% 104%+ % 104% 105
Stewart Warner ... 900 31 31% 31 31%+ % 31% 31
Sfromberg Carb _ 1900 71 71% 69% 71%t % 71% 71
Sludebaker . 1700 60% 62 603/8 61%-r % 61%' 62
Superior Sieel . 100 51 51 51 51 + % 51 51
Tenn Cop & Chem.. 1600 0% 9% 9''a 9%+ % 93B y
Texas Co . 4500
1%
48%
Tcxa-s & Pacific.
36% .60 Texas &. Pac C & O.
9% ? Third Ave R R.
57 6 Tobacco Products . ..
10% ? Toi, St L ft W ctfs.
15 ? T, St L & W pf clfs
22 ? Times Sq Auto Sup.
9 ? Trancontinental Oi.. .
8 Union Bag &. Paper
? Union Oil .
73%
2534
86'
124% 110
69% 61%
10 Union Pacific . 16300 123 124/. 123 12:
4 Un'.on Pacific pf.... 27.0 64 64% 64 6;
148 106 8 United Drug . 100 106 106 106 10C
224 176 12 United' Fruit . 100 194 104 104 19
13% 78 ? United Ry Invest_ 2C0 9% 9% 93a <
29% 13 ? United Ry Invest pf. 100 19 19% 19 1!
78% 53% ? U S Fond Products.. 2100 50 59% 59 5J
116% 77% 6 U S lnd Alcohol_ 29"0 8V-. 8<t% 83/? 8
63% 40 ? U S Realty & Impvt. 200 47?4 -J8% 47% 4:
96% 59 3 UniJed Rstail Ssores. 99C0 6J ,"0% 68-4 61
1*334 80 8 U 8 Rubber . 3100 85 85% 85 8
76 50 6 U S Smelt & Ref... 100 533? 56 " 53% 5
109 83% 5 US Steel . 25100 8L'% 9C% 8o' 8
80% 56% 6 Utah Copper . 900 61% 63 61 % 6
12% 7% ? Utah Sec Corp _ 1C0 8 8 8
97. 42 6 Vanadium Steel _ 3900 6734 69% 673? 6
80% 59% 4 Va-Car Chemical .. 5C0 66% 66% 66% 6
21 12% 2 Viv?udou . 200 14% 14% 14% 1
'10% 7 ? Waba.sh . 9900 9% 10'% 938 1
31 20%? Waba?,h pf A . 39C0 29 29% 28% 2
20% 14 ? Wabai,h pf B . 300 19 19 1o' 1
12% 8% ? West Maryland . 56C0 11% 11% 11 1
20% 11 ? West Maryland 2d pf 1900 1738 19% 1737g 1
3234 20% ? West Pacific . 5600 30% 31 30% 3
67 54% 4 West Pacific pf _ 100 69 69 69 6
89% 80% 7 Western Union Tel*.. 200 84 84 84 E
55% 44% 4 Westinghouse Mfg . 300 48 48% 48 A
14% 9 ?? Wheeling ft L E ... 400 12% 13% 12% 1
26% 16 ? Wheeling & L E pf. 700 24% 26% 24% 2
69% 43% 4 White Motors . 700 44% 44% 43% 4
82% 60% 5 Wilson Co . 200 66% 56% 56/4 56%? %
31% 24 ? Wickwire . 200 25 25 25 25 ? %
32 15 1 Willys Overland ... 600 15% 15% 15 15 -
33 25 ? Wisconsin Central .. 900 31% 32% 31% 32%+ %
145 100 8 Woolworth ...'. 300 106y8 106?<8 106% 106%+ 7/t
95% 65 6 Worth Pump ft M.. 200 60% 60% 60% 60%+ 13?.
2%
1%
Bid and Asked
. , ? Tll.i. Asked.|
Ad Rumr-ly pf ?71014 tiJI'i
Ajsix Rubber.. 4?; ft 4.s
Allia.iy & Sus.120 )4I>
AIIis-Ch?l pf.. 71 ?li?
Am Agr cii pf ,s?? fir, '
Am Ilk Ni,to.. 44 47
?1? l>f . 40 4-1
Am Iti Sug pf ? 82
Am H S & F 52ft 5.1
<lo Pf. S4 SS\
Am C & K pf.in.s 112
Am Cot Oil pf 01 tv,
Am l>nig fiyn ID 10?,,
Am Kxpres?... 132ft 1 tu
Am !??? Scv pf r,7 7'S
Am 1a. Kranro i>'4 11
Am I.tiimwl pf s* ??o
Am l,oco pf. .100 lilOU
Am Mall & (? 2?i Xi\?
Am Shipbliln.. ? ion
Am Smelt pf.. flfl ??2
Am Snuff pf.. 7S sr
Am Sugar pf.lOU IK?
Am Sum T pf. so ?io
Am T.-l & C. . 47 r.ois,
Am Woolen pf 02 or?
Am Kin?! pf. ..44 4!)
Asm Arbor ... I? ?-,
'I" Pi . 23 35
Asset? Reall?. 2 2\
Assoe 1? ?;,ia. ?i ?>;i
?I?? 1st pf... .17ft iiV-i
a do 2d pf ... - ? ,;i
Amoc ?11 ... ^7 ?i?
Atlar.tlo Ref. 11.in 1225
?l?> Pf .107 110
A C i W I pf c,\% 03
Auto s ('on>. 1 s
?lo Pf . 13 15
Rn!d I/x-o pf. <r,ft os
linnudttll _ J?S 4;t
?urmnt I^atli 50 isr,
d<> l>f . M) ?ni
Bsirnrtt f.? pf 1112
Both st 7'"J- pf :io
-lo 8% pf. ..1011
Bklyn Edison. 83
Bklyn 1'n a a? 4?
Burns Itros.
do Pf ....
Brunswick
Iiuff R & 1
?'O pf . SO
linff A Sus?,. 70
Hnsli Ti-rm .. ?
lluttnrlek Co. 10
?Jal IVtrot pf. (?9
Cunad? Smith Jirt
?'u?.? Plow ... s
(?Hit of N J. .21.",
Cnrtaln ?Corp. . 4S
C A N W pf Kl.",
?111?! I'll Tool 7*
lli-v? * Plu?. 71
? 'SII'MAO pf.. !.'.
nuait IVah
?lo pf . ?2
Col A H' lut pf 40ft
?lo 2(1 Pf.... 40
Col Oraph pf. 7?
?'?imp Ttb Reo 43ft
Con Cigar pf.. ?o
("ont Can .... 78
('?mt. Inmir ... ?1H
Com Prod pf.ino
Creg Carvot.., 55
One Ht.'ni pr. ni
Cu Am Sng pf -
Culm C Hug pf 70
Detire Co pf.. 01
It?? iWr? .... 2?it4 J?'i
petrol!. Kd'aon HI OS
?.?troll It R n 00 10?
Dill M H h At 4ft 5
do pf . 7 8ft
Ilutl? Itmlury.. 4SI 50
<l" pf . 02ft UT
Kamm Kodak.525 5,'I3
?lo pi .. ...100 ins
Ben ?lor B?t,ll? 124
Uk U Coal pf 32ft 38ft
loti
10*7
US ft 11
4ft (1
100
lift
250
s-.H
Mil
?1R
I'll)??
47
lotH
loo
77
ml
,. ? Bi?l. Asked.
l-.m Brant _ I:, ??0
I'J'i -Jobi.Bon i?f 95% 91J
':"??, * i-itu. 4.-, 55
ralrbiitik.H . 4-1/ ...
Fed -Min & S." 10* 12ft
?lO Pf .. . -j'U >,r
Fisher Italy.'. 100 105
,,"" i.V .100 ni'.n.
'"sn (hem pf. ??2 f?iiu,
(?in CiKar pf. so ?i- -
do pf deb... :-, XJ,
I'tHKlrin, pf..; s?ft y
ui'aiiby Mb... x> " "-,1
r?iy Davis lsit '????i?
(Juif 81 .-:..-; y{ S 7?,'$
./i? ist pf... ;,;., *
tloiiiMtaln. . .. 4.-.I? ,,,
Int ABr pf... 77 ? i; ,,
Bit Harvester.. 123 P>7
, '<" Pf .103t<, in,;
I'd SI T 1st pf 7-, 77
int'V-npf ??? !!(! 6:{
tut JiiT'y I"* T-'??
Iowa ?'??niral . -,i,? ,5 i
Iron Products. 40 4J! 1
?'s"./l T,,i ... ;, ?0
, '!<> Pf . 20 ::o I
Josses Tea_ pift ??[
?I Kayser . ss 93
KC.'KlSAM pf. .-,0
" 'lly Spl'd pf. S2 SJ;is.
slo 8'*V... 02 05 "
:.-??>? Wheel. 53 fio ?
lio pf . 82 ?0
Kpi.J: & I> M. i'.'i 7
?lo pf. 20 -
r 1 .V Co. soft '.17
?0 Huh & T 21 2J1
I. A SI T Co 13.1 1,0
lo I'f.100ft 105
'I" H.USO . 145
I. W IJl.si-utl.. 44 4.-?'ii
do Kt pf.... itjtft ;is
do 2d pf...l(U 101
Urlllaril, 1\.1.'I3 140
do pf. 05 105
Mnckay Cos.. (II 83
do pf. i!i) ?Oft
M-natl Suit pf ? ?10
Man Buach.. ',?j 2ft
Man K)orat?!tl. 42 44
Man Shirt. .. 20 22
M m tin Parrv 20 :t2
M M C 2d pf -, m
May 11 S pf. 07ft loi
M?-x I-et pf. 00 01
Mii'll ?Vu. . 77 110
MSI'&SHM pf. HT 110
do I I. ;,| 5,1
Mon Power... 011,4 ?;-,
d" pr.;?-, no
M'irrU Kaacx. 5? B3 '
Mullios h ,,f n,-)
Naitlt A Chat. 102 Un
?Nal It'ault. .107 112
'lu pf.104
N'ai Aniline pf ht k?)
Net r, a h pr on w-,
Nal r^-ad nf.ioift lo:,
NltHofM laipf sft 14
NT Air llraltn nil os
NVCA3I, litpf B0 70
N Y l)o.k. . 22 ?5
..''" Pf. 44 47
N V I. A W. 7S 8,1
Norf A w pf Cil 7-,
Sortit Am.... ,13 ',4
'?Ido Puol_ 40 51
Ohio IWv... 2"'i
Olla KlMal.ir 121 J'?
do pf. 7S s J
Ou? Ktfel pf. . 11,1
Owoih Hot ,m 4i 4.,!,,
?d" ?f? ?;???? ?'? JOO
I'teliln Coait. 25 40
. do 2d pf... 45 CO
l'airtOfl Malt., ?r si
Bid. A
Pan T A T, 40
Pnrl'.l? Blrfg.. 25ft
Pel i n .1 C pf. SO
P C C & ? I. 72
Pit Mid Co. 37
do 1st pf... ?13
Phil .Iones. . . ,'.i>
Pli-nu? A pf ss
Plereo ?II pf. SO
Pitts Coal pf. S4?7,
P 1' V. ?\s ?J.11JI
Pit's Steel pf 85
P & W Va pf 74
P? I Steel C pf 98ft
PS C of X .! ?
Ity S S pf. ion?'.
Beading jJr pi' 45 "
Hem T 1st pf ss',;
do 2,1 pf... ?
Hens & S. . ?
lt. p I & s pf ?m
Anns.. 35ft
Se
I.O.-II
do pf.lei;
Shnttuek Ar;-/.. S?.
S-S S Se I pf S.11-,
S P H Sugar. 122'/
do pf.KHI
Stand Milling. lOu
du pf. :::'?
lili
??0
7?!
100
i ?i
43ft
90
!'4
105
?it
7J9
H2
112
?7 ft
15?
Bid. Askod.
Studebaknr pf 70
Ss?p Stem pf. 05
T A P I, T.2S.1
Tidj \V Oil 100
Tob Prod pr 82
T .insuo W S 44
T C 11 T.. 34
do pf. 171
Und T,po Co. 152
do pf. ?Oft 11J
17 C S of Am.lJ.2 175
do pf. '.'8 104
I "ted I> 1st pf 14 ft 4 S
I' S CII'&F. UJ'a 15!
do pf. 30 44
P S Kxpress. Bft 7
I" S I Aleh pf !U 95
I'SS & It pf 42ft 4.1
Va Car C pf.I0.1Vi 107
Va I C & ?'.110 11?
VtiJciin Pent lu 17 24
do pf. TO 88
Wi.Ki.sli pf B IS 20
Wells F Ex
w,
Pan p;
70
104
III?!
150
lt.lUJ!
Wilson Co pf ---
Woolivorth pf.10.1 110
WP& M pf A ? 90
do pf B... 03ft till
Equipment Bond?
(Quoted on income percentage
Xaine. Hate. Maturity.
Bolt A Ohio. . 4ft
basis. )
Bid. A3k.
H? til
Boat ?t Alb. . .
Buffalo, R Se V
?to .
Canadian Nat.
Cn mullan Nor
Canadian Pac
do .
C C C. A-, St L.
do
4ft
4ft
Ches A Olli.?..
I'll it 1 & Pac 4 >,-5
Chi & N W. . 4ft
! C St I. .?i N <) :>
1.1 ?* l & llu.ison 4 ft
Kri" .'. . . . lft-5
Frisco Cons. .. 6
I III Contrai_ 4ft-6
I Kan City So. . 5
l Louis A Nush 5
I Mich ('???Ural., t?
; 'i" . 6
I M S P A S S M 4 ft-8
1021-'30 7.71
ir.2n.'27 7.7.0
i;?21-Yt:i 7.80
192l-'33 7.75
1035 7.35
1920-'2!> 8.75
1020-'2S 7.50
P.l20-'32 7.75
]J'21-'2J? 7.75
iri?l-'27 7.75
]920-'27 7.50
P.i20-'27 S.25
ir?20-'2.i 7.75
P.'20-'24 7.75
3022 7.37
1920-'27 8.25
ri?:
(lo .
N V ''ont U. .
N Y Cent H U
Norf A Weal..
Nor Pacifie...
Pjio Fr Kxp. .
^??nnsylvania..
Henil In? Co. ..
Sea hoard ....
Snuthirii Pue.
l'(2l-'22
1920-'27
1920-'24
1920-'2.l
1921-'32
1J'20-'3?
1920-'26
1? 21-'30
1021-YI0
P.?20-'2S
192l-'32
1920-'24
K.r.o
7.50
8.85
6.75
7.50
7.00
7.00
6.60
7.00
7.00
4-4ft
4 ft
4S-G-6 UI20
1920-'2J1
3021--27
'27
2ll
Southern Ily..
Clin.n Pacific
Union Tunk. .
4 ft-8
7
7
do . 7
N Y C ?fc SI I, 4 ft
du . 6
N Y X II A II *\,
Vtrtrlnlan P.y.. ?
W abash . 6
1920-'28
l!124-'38
P'211
I?21-'Jt5
1021-'26
19 :t 1
6-6 i:?20-'23
192li-';;o
1921
7.50
7.60
7.50
7.5?
7.5 0
7.27.
7.15
7.15
7 60
7.37
7.00
8.00
8 60
7.3 7
10.00
6.75
6.76
6 75
6 ?0
6.75
(t. 7 5
7.50
7.00
6 80
7.00
6.86
7.37
ti.SO
7.00
6.7?
7.60
7.0O
7.00
London Money Market
LONDON, Sept, 2. Closing: Bnr
?liver, 58'?d per ounce; bar gold,
11??; money, 6V? per cent. Discount
rates: ?Short bills, 6',4 per cent; three
months' bills. 6% per c?nt. Gold
premium at ?U^oa? Jb?*.
In Wall Street
Who Control! St. Louis ft Sooth
western?
In the gossip of the Street yesterday
it was reported that a change of con-'
trol has taken place in recent weeks in
the St. Louis & Southwestern Railroad
system. Both the common and pre?
ferred shares of the company have i
lately given an exhibition of pro?
nounced strength which has set the |
gossip mongers to work. Yesterday j
the preferred sold at the highest price i
of the year, touching a point close to
40, cpmpared with a low in June of 21*4.1
The current price of the common in the
20's compares with a June low of 11. I
Edwin Gould is chairman of the board, i
and if the story is true it means that ?
the Gould control has passed from the j
last of the several systems at oneotime
held by the Gould family. It was not |
possible yesterday to get any confirma- !
tion of the report. The annual meet?
ing of the stockholders is scheduled to j
h?? held the first Tuesday in October.
It was recalled yesterday that the con- !
trol of the Missouri Pacific, formerly !
controlled by the Gould family, passed
in the open market several years ago. j
?Etna Plan Held Up
The plan for the retirement at $12 a ;
share of part of the outstanding stock ;
of the .rEtna Explosives Company is re- I
ported to be temporarily held up. The j
program has not, however, been entirely ?
dropped, and will in all probability be ?
revived in about six weeks, it was
learned.
Rail Executives Meet
The railroad offices of the city were
yesterday depleted of chief executives,
who have gone to Chicago to attend
a meeting to-day of the member roads
of the Association of Railway Execu?
tives. Nin?ty-five per ce,nt of the
country's railroad syste?is will bc?jrep
resented at the conference, at w,hich
problema confronting the roads will be
taken up. The labor issue will be
especially canvassed, it is understood.
Exchanges Expected to Improve
As soon as France completes buy?
ing dollars in the foreign exchange
market to create credits to help pay
off its share of the Anglo-French loan,
which will mature on October 15, the
European exchanges will do better, ac?
cording to a view expressed by several
leading operators* in the exchange
market, who attribute the summer
depression in the exchange mart main?
ly to international operations in con?
nection with the big maturity. France
has evidently been buying dollars by
selling sterling to some extent.
The State of the Motors !
In connection with the severe read
justment of the automotive ' industry j
which has taken place since June i
there have been many contradictory j
reports. Many of them have been i
unrelated fo the true situation. The :
actual state of the industry will prob- ,
ably be accurately set forth at* the
annual credit convention of the Motor
and Accessory Manufacturers' Associa?
tion, which will be hold at Cleveland
on September 16, 17 and 18.
Employees as Investors i
Employees of the Westarn Electric
Company took a large block of the is
Kue of five-year 7 per cent convertible
b'inds recently offered, according to an
announcement made yesterday. In all
' 57-1 employees, representing investors
in each of the fort, -two branches of
the concern, took bund?; of th?? new is
su# fitrirrcp-it Jntr a rar value of ap?
proximately $2 000,000. The sale to the
employees was made on an installment
basis, payment bcin^ made on a sched?
ule s.m lar to that used during the
Liberty Loan drives. Interest is allowed
to the subscribers on the money they :
pay in and also on the bonds them?
selves, so that instead of paying the
full subscription price of $9^.50, the
empl'-yoi' investor'.? cf>st i? only ? ?*? 8-1
on each $100 bond. It is figured that
during the time the are paying for
their bonds the employees will receive
a not return of 0 y per e nt n year, and
that after completing their payments
in May, 1922, nnd until the redemption
at par on April 1, 1925, the annual in?
terest on their investment will amount
to 8..3 per cent a year, an average of
8.7 per cent for the entire five years.
... Maxwell-Chalmers Plan Near
A r^ew plan for the merger of the
Maxwell and Chalmers automobile
companies in a way that will produce
the needed capital has been formu?
lated, and a public announcement is j
imminent. The reported program pro?
vides for the creation of a new com?
pany, the stock of which will be ex- !
changed for the outstanding Maxwell :
and Chalmers stock, and also offere/1 i
to the public for subscription. In the
new company it is said that there will i
be A stock and B stock. The number
of shares of the former are said to be
150,000 and those of the latter 600,000.
The basis of exchange, it is reported,
will call for 50 per cent of Class B
stock of the new company for one's
holdings of Maxwell first preferred, 25
per cent for Maxwell second preferred
and'10 per cent for Maxwell bommon.
It was said that Chalmers preferred I
will be exchangeable for 60 per cent of '
Class B stock and Chalmers common
25 per cent, leaving the A stock and
part of the B available for sale to the :
public. It was rumored .that purchas- \
ers of A stock would get a substantial l
bonus in B stock. It is hoped to raise ?
$15,000,000 in this way.
Getting Ready for French Loan
The stage is being set for a new
French loan. An announcement of the
terms of the new operation will prob?
ably be made early next week. Bond
men expect an improved market after
Labor Day, and it is evident that the
bankers have timed the new loan ac?
cordingly. The first gold shipment
from France will leave Havre to-mor?
row, nnd the large ?ow that will fol?
low will probably appeal to the imagi?
nation of investors and heighten confi?
dence in French credit.
Monthly Earnings
Chesapeake & Ohio
July (Cross. $7,250,367 Inc. $:'.94,10.t ,
ri.'licit after tax 495.19.1 Inc. 1.914.278
Net op deficit.. 39.1,460 Inc. 1.664,267 1
7 moa' (cross.. 4fi.145.621 Inc. 4.702 2 71 s :
Hal aft?r tax. JJ.S14.124 Dec. 3.369,099
Net op income. 6,209,939 Dee. 1.057,?S? ?
Chicago Great Western
July (cross. $1.1177.580 Inc. ?122.016
Deficit aftertax 803.663 Inc. 1,125.297 ?
Net op deficit.. f6JJ,?.s9 Inc. 1.121,783
7 inos' ?cross... 12.01o.osi Inc. 1.281.352:
I Def after tax. 1,2071,719 Inc. 1,?70,116
Net op deficit. 1,891.818 Inc. 2,014.927
Southern Railway
I July (cross.$12.684.7?!? Inc. $1.264,15-8'
?ill after ta\.. 1.112.233 Dec. 1.076.2^4
j Net op Income 1.098.^02 Dec. 999, ?61
i 7 nios' cross.., I5.JI24.4M1 Inc. 14.9tU.e27
Hal nft.r tax. 11,716,272 Inc. 6.761.274
I Net op Incomu. 9,022.423 Inc. 4.904.417
Western Pacific
! July (cross. $1.4.".4.443 Inc. $.117.643
?Da! aft.r tax. 417.478 Inc. 167.178 j
Net op Inromi. 42S.811 Inc. 167.102
7 inos' (cross... 8.11?,n74 Inc. 1.660.HS8
?Hal aft?<r tax. 1.77'.?.516 Inc. 1.158.846 j
Net op Income. 1.961.S65 Inc. 1,393.162
Wheeling & Lake Erie
July (cross. $1.031.324 Inc. $227.7241
Hal nfter tax. 247.727 Dec. 110.42?'
\vt i?|> Incomo. 14J1,878 Dec. 202.8*7:
7 ilion' (Cross... 8,721.031 Inc. 1.631.164.
Hal after tax. 77JI.900 In.'. 150.101s
Net op incomi?. 246.120 Dec. 409.870 [
Toledo, St. Louis & Western
July gross. $1,003,643 Inc. $340.27?
Hal utter ?ax. 85,217 Inc. 2H.4J1?
Net op iiicomn. 13.188 Dec. 27,253
Paris Market Quiet
PARIS, Sept. 2. Prices were quiet
on tho Bourse to-day. Three per cent
rentes, 56 francs 6& centimes; ex?
change on London, 61 francs 3.1 cen?
times; 5 per cent loan, 87 francs 40
contime?. The dollar wat quoted at
M JMtsrm 9$ ?entimea.
Rhoades &* Company
Members
Neva York S tori Exchange
Specialists in
Liberty and Victory
Bonds
Registered and Coupon
30 PINE STREET
NEW YORK *
TELEPHONE JOHN 6400
A. SCHULTE
s ?
The recently declared
50% stock dividend
has been distributed
to the stockholders,
and stock of the
SCHULTE RETAIL
STORES
is now traded in
"Ex-dividend"
We are offering a lim?
ited amount of stocfy, and
invite 'correspondence
from interested investors.
Morion Lacheribmch. & Co
?42 Brt>ta?jA Sttfect. 'KcWV&rh*?
CKJ'-"V' DETROIT PHiy\DEL7?mA Pir.'S?URaH:
il
INTERNAT'L
PETROLEUM
The consummation of the
International Petroleum
Tropical Oil merger
places this Company in a
position to launch its
elaborate plans of expan?
sion.
Market position of the
shares and their possibilities
discussed in our circular No.
54, which ivill be sent gratis
on request.
KSWGLFEs?Ca
k STARl ISHkD ?SOS
41 BR-CAJD ST., NEW YORK.
fhen?. Brfead 25
J.K.Rice Jr. & Co. Will Buy
200 Air Reduction
1Q0 Atlas Poitland Cem't Com.
50 Equitable Trust '
100 Hocking Valley Ry.
300 Locomobile Co. Com.
50 National Natural Cas ?
25M N. Y. State Rys. 4y2i
25 Niagara insurance
J.K.Rice, Jr.& Co.
Phones 4000 to 4010 John. 36 Wall St., NT,
Robinson & Co.
* Investment Securities
26 Exchange Placa New York
M embers New York Stock Exchange
HARRfMAN ?ATI?HAL BANK
Fifth Avenue Sc Forty-fourth Si.
New York
Banking Heurt? from 8 A. M. to 8 P. M.
Safe Deposit Vaults 8 A. M. to Midnight
Merrill, Spicer Mfg. Co.
Lynch S'.r p?a Stock
& Co. circutar*0J
120 Broadway. N. *
Members New York Stock Exchange
Mark A. Noble Throflorc C. ( orwtu
NOBLE & CORWIN
tS Br*a4 8t. Naw Tark
Nat. City Bk. Cyrtiss Aero PfU
Rights Carbon Steel Com
TelfDti.inr 11U liroaU
Singer Mfg. & Ltd. To'.?. Prod. Scrip
! Amer. Cyanamtd Borden Co.
! Bank of America CuS. Am Sjgar pid
Equitable Trust F-jardo Sugar
Stone, Prosser& Dot;
?2 William St., N. Y. HanoTer 7735
?
Gold Imports (?rowing Larger;
$2,113,000 Comes in Ten Day?
WASHINGTON', Sept. 2.?Gold im?
ports continue to cxc.'od exports, ac?
cording to figures modo publie by the
Federal Reserve lio?r?. for the ten
days ended August 20. 1 imports? of
$2,113,000 ng-ninst exports of $1.766,000
w?m rcportert for the period.
Silver imports ?.ggregHted $1^64,000,
while exporta of that metal continued
to ?declino, the Heure tor the ten day?
being 1436,783.

New-York tribune. [volume], September 03, 1920, Page 12, Image 12
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New-York tribune. [volume], September 03, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924