New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 09, 1920, Image 15

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New-York tribune. [volume], September 09, 1920, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 09 Sept. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-09-09/ed-1/seq-15/>

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W. F. Ladd & Co.
Investment
Securities
New York
Grand Trunk Ry.
Equipment Trust 5%
Notes, Due Feb. 1,1923,
to Aug. 1, 1925
A claim against earn?
ings prior to both prin?
cipal and interest of
mortgage debt.
Price to Yield 7H%.
?RAZIER?-Ga
65 BROADWAY, NEW YORK
TsL Bcwiint Green 602$
PHILADELPHIA
WASHINGTON BALTIMORE
PITTSBURG
., It? Years sf toaster*?*! Ssasles |
S?CHATHAM k PHENIX;
NATIONAL BANK
?ttapttal St 8?arf>hn.*19.tM,C??
mvNi.flN,W?,??\ |
?AnK &?> BrMdwayJBia?er Bl?*?
Monthly Earning?
Chicago, Indianapolis & Louisville
July gronm.. 81,375,040 Ina. $312,905
Bal aftsr tax.. 14.183 Dae. 9.201
Net op deficit. 30,784 Inc. 79.353
1 motf groua... 8,359,99?} Inc. 1,703.594
Bai after tax.. 214,405 Dec. 696.495
Net o? deficit.. 339,941 Inc. 749,136
Illinois Central
Jaly ?toss..111,040,1719 Inc. $2,620.033
Bal after tax.. 14.294 Dec. 7S5.437
Net op Income. 425,019 Dec. 343,411
7 mos" groas... 77.426,163 Ino. 18,046,220
Bal after tax.. 2.590.?13 Deo. 169,272
Net op Income. 6.144,671 Inc. 3,427,704
New York, New Haven & Hartford
Joly gToaa..$11,011,891 Inc. 81.399,349
Deficit after tax 3.743.731 Inc. 6.400,185
Net op deficit.. 4,206,21? Inc. 6,047.352
7 moa* gross... 66.410,828' Inc. 9,209.112
Deficit after tax 2,977,077 In?v. 7.329,094
N?*t op deficit. 7.736,913 Jdc. 9.366,207
.Southern Pacifie System
(Including steamship lines)
July ffrosa.?23,680.772 Inc. $3,819,679
Bal after tax.. 3,345,201 Dec. 469,099
Net op Income. 3.034.719 Deo.' 1.162,780
7 moa' gross...148.520,613 Inc. 30,454,9X3
Bal after tax.. 14,592,786 Dec. 2,047,509
Net op Income. 12.050,716 Dec. 6,461,8tl
Atchison System
7niy gross..$20.824.745 Ino. $8,??7.168
B*l after tax.. 3,428.824 Deo. 624.017
Net op Income. 3,603,878 Dec. 215,831
7 moa* gros?. ..1S0.390.54S Inc. 29.488,002
Bat after tax.. 22.895.473 Inc. 8,407,040
N?st op Income. 22,339,652
Chicago, BMk Island A Pacific System
Jnly gross .$12.476.194 Inc.$2.254,328
??aett ?ttrr lax 2.516.187 Inc. 4.288,181
Net op. deficit.. 2.794,422 Inc. 4,321,197
??wa mos. gross 77,736,052 inc. 18.256,423
Balance after tax 7H6.70? Dec. 4,003,991
Net Op. deficit.. 1,019,69? Inc. 4,488,050
Ert? System
?oJy from .$10.959.554 Inc.$2.285,83?
Deficit after tax 1.77?.617 Inc. 3.236.853
N?* ?p. deficit.. 1.790,060 Inc. 2.175,123
????a naos, gross ?2,?14,253 Ino. 6.605.950
Deficit after tax 6,411,097 Ino. 4,984,326
Net, op. deficit., 7.366,03? Ino. 6,291,563
Htm*sari. Kansas * Texas Syrt?m
?SlT gros? . $5,892,054 inc. $697,129
????wit after tax 411.493 Inc. 888,849
Kst op deficit.. 673,067 Inc. ?12.073
?t?r?m moa gross $8,611,461 Inc. 8,428.179
jHUn after tax ?90.088 Ino. 2.877.01 (
Net op. defielt.. J.712.87S Ino. 4.103,031
Books Open To-day
For French Loan;
Expect Quick Sale
Bankers Believe the Early
Indications ?f Interest in
the New Offering Augur
Well for Success of Plan
?
Subscription books for the new $100,
000,000 8 per cent twenty-five-year
loan to France will formally open at
10 o'clock this morning, and it is ex?
pected that by noon J. P. Morgan &
Co., the subscription managers, will be
able to announce that it has been fully
subscribed. Bankers who arranged the
flotation to help France meet its share
of the Anglo-French maturity of $500,
000,000 yesterday said informally that
the bonds were selling extremely well.
Jean V. Parmentier, special envoy
here of the French Minister of Finance,
in a statement yesterday revealed the
steps the French people are making to
help themselves. He sketched the ways
Frenchmen are now called upon to pay
taxes "heavier than they have, known
in many years."
"In the second place," M. Parmen?
tier declared, "the French people are
assisting themselves by their habits
of thrift. The thrift of the Frenchman
is proverbial. During the first five
months of this year the savings de?
posits exceeded withdrawals by nearly
300,000,000 francs.
"On the failure of Germany to pay
France the sums of money due her on
reparations account under the treaty
I of peace, the French people themselves,
in spite of the heavy drains already
being made on their private capital,
are extending to the government the
.credit needed to help restore the devas?
tated regions in the battle zone. Dur?
ing the first five months of th?3 year
such loan3 averaged more than one
and a half billion francs a month.
"Lastly, the French people are at
work. The liberated regions are at
present producing sufficient material
for their own use and will shortly pro?
duce a surplus."
-s
French Criticize Loan Rate
PARIS, Sept. 8.?The French press,
commenting on the new loan to be
floated by the French government in the
United States, comments on the rate of
interest to be borne by the $100,000,000
issue, which, with the charges and pre?
mium is calculated at 9.42 per cent.
This, it is declared, appears very high
to the French people, unacquainted with
the money situation in the United
States. It is not unreasonable, however,
the commentators explain, when com?
pared with the average income from
securities, with the bank rate and with
the interest charged for recent loans in
Switzerland and Belgium.
Two Railroads Show
Increase in Earnings
Cincinnati, New Orleans & Texas
Pacific and New Orleans &
Northwestern Do Better
The Cincinnati, New Orleans & Texas
Pacific Railroad Company for the year
ended December 31, 1919, reports net!
corporate income of $2,001,466, equiva?
lent after preferred dividends, to $62.83
a share earned on the $2,990,000 com?
mon stock, as compared with net in?
come of $1.918,152, or $60.05 a share in
the preceding year.
Federal operating account shows net
operating income of $519,243, as com?
pared with the guaranteed rental of
$3,541,039, or a deficit for the govern?
ment of *3,021,796. Without the ben?
efit of Federal compensation the result
of last year's operations would have
been a deficit, after charges and taxes,
of $1.020,330, compared with surplus to
$43.56 a share on the common in 1918.
New Orleans & Northeastern Com?
pany's annual report for the year end?
ed December 31, 1919, shows net cor?
porate income of $723,285, equal to
$12.05 a share earned on the $6,000,000
capital stock, as compared with $722,
559, or $12.04 a share in the preceding
year.
Federal operating account shows net
operatin-r income of $181,831, as com?
pared with the guaranteed rental of
$1,204,992, or a loss for the government
of $1,023,161. Without the benefit of
Federal compensation the actual show?
ing for the year would have been a
deficit, after taxes and charges, of
$299,876, as compared with a surplus
of $483,066, or $8.22 a share, in 1918.
Stock Exchange Listings
The following stocks were yesterday
admitted to the list of securities dealt
in on the New York Stock Exchange:
$200,000 additional capital of the Middle
States Oil Corporation, the Hydraulic
Steel Company, temporary certificates
for $6,000,000 of its 7 per cent cumula?
tive preferred stock; Superior Oil Cor?
poration, temporary certificates for
426,708 share? of common stock of
no par value; three-year 5^ per
cent convertible gold notes and ten
year 5% per cent gold bonds of the
United Kingdom of Great Britain and
Ireland, in exchange for temporary cer?
tificates; $3,344,000 additional of first
mortgage fifty-year 5 per cent gold
bond;- of the Virginian Railway Com?
pany; substitution of 30,000 shares of
no par value of the Manhattan Elec?
trical Supply Company, Inc., for 30,000
outstanding shares of $100 par value;
temporary certificates for $549,170 of
common stock and $6,880,000 of the 8
per cent cumulative convertible pre?
ferred stock, and $2,600,000 additional
capital stock of the National Park Bank.
W* O-FFER
?260,000
New York Telephone Co.
First AQonaral (Cloaod) Mortgage *V/Z%
Da? Nc^emher 1, 1939
A ?Legal Investment for Connecticut Savings Banks
The New York Telephone Co. comprises and oper?
ates the entire Bell Telephone System in the State
of New York and the northern part of New Jersey.
This issue amounting to $59,105,000 covers as a first
mortgage, subject to only $3,421,000 prior liens on
the entire property of the Company, conservatively
valued at $300,000,000, A sinking fund of $750,000
per ?annum is applied to the purchase of these bonds.
fMom 70% & int? to Ytold about 6.40%
MeClure, ?Jones A Reed
Member? Neta York Stock Exchange
3IS BreccHr?? HW Vorfc
TfltytoM ?seto* 766%
The Day's Bond Market
U. S. ?Government
Transactions
Sales.
Liberty S%s. 1847. $418,000
do 1st 4s, 1947. 1.000
do 2d 4a, 1943. 8.000
do 1st 4%a, 1847. 139.000
do 2d 4Kb, 1942. 448,000
do 3d 4%B, 1928. 460.000
do 4th 4i*?, 1938-. 1.491.000
Victory 4%a. 1923.1,226,000
do 8%s, 1923. 731,000
field.
4.14
4.96
6.20
6.18
6.40
6.02
6,52
6.50
6.50
?Quotations
High.
Liberty 3%a_90.08
do 1st 4a. 85.60
do 2d 4a. 85.00
do 1st & 2d i Via 96.50
do 1st 4Via-8590
do 2d 4Vis-85.08
do 3d 4%B_88.6?
do 4th 4%?-86-34
Victory 4%s-95.40
do 3%s . 95.40
Bid and Asked Quotations
Closing Closing
Liberty Bonds. Yesterday.
3%fl. 1947. 90.00? 90.08
Tuesday.
90.04? 90.10
85.50? 86.00
85.00? 85.20
85.84? 85.90
84.04? 84.10
88.06? 88.60
85.32? 85.34
95.30? 95.40
95.30? 95.40
1st 4s. 1947 . .. 86.50? 85.80
2d 4s. 1942_ 84.80? 85.00
1st 4%s, 1947. 86.60? 86.00
2d 4%s 1942.. 85.04? 85.08
3d 4%si 1928.. 88.52? 88.58
4th 4>4h, 1938. 86.26? 86.30
Vic. 4%8, 1923. 95.32? 96.34
Vic. 3%8. 1923. 95.34? 96.36
Pre-war issues:
IS reg., 1930.lui ?101% 101
2s coup., 193?... 101 @101% 101
3s reg., 1946_ 89 ? 92 89
3s coup., 1948.... 89 0 93 89
4s reg-, 1925.105 @108 105
4s coup.. 1925...105 ?106 105 ,
2s Pali. c. 1036..100%?101% 100%?103
2s. Pan. r., 1936. .100% @101 % 100%@102
2s. Pan. C, 1938. .100%?101% 100%?102
2s Pan. r.. 1938. .100% ?101% 100%@103
?108
@102
?106
?10?
8s Pan. reg. 77
3s Pan. coup.... 77
Phil. 4s, 1934_ 75
Phil. 4s. 1936- 75
Phil. 4s, 1936
D. Col. 3s. 1965.
75
.95
? 80
? 80
? 8?
77
77
75
75
75
? 80
& 80
@ 85
? 85
? 85
? ?
91
96%
98
97%
Foreign Govt, and Municipal Bonds
(Interest To Be Added)
Bid. Asked.
Anglo-French Extern 5s, 1920. 99%
Argentine Intern 6s. 1945. 68%
Kingdom of Belgium 6s. 1921.. 98%
do 6s, 1925 .
io 7 Vis, 1945 .
Canada, Dominion of, 6s, 1921.
do notes, 1921.
do 1926 .
do 1929. 90%
d 01931.. . 87%
Chinese Gvt Hu Ktig Ry? 6s,' 1961 43%
Cuba Extern 5g, 1944. 86
do 5s, series A 1949. 80%
do 4%s. 1949 .". ?
Dominican Republic 6s, 1958... 82%
City of Lyons, 15 yr 6s, 1934... 83
do Marseilles 15 yr 6s, 1934. 83
do Bordeaux, 15 yr 6s, 1934.. 83
do Copenhagen 25-yr 6%s, '44 7?
French. Paris City 6s, 1921.... 93
Gvt of Switzerland 8s, 1940.... 100% 100%
Japanese Gvt 4%s gtrln In, '25. 73 73%
do 4%?, 2d series, 1925. 72 72%
do 4s strln In, 1931. 57% 57%
do Tokio City 6s, 1952. 52%
Un K Gt Br & Ir 5-yr 6%s, 1921.. 99%
do 3-yr 5%b, 1922. 91%
do 10-yr 6%s, 1929. 84%
do 20-yr 5%s. 1937. 82%
Mex Extern string 5s of '99, '45 36
do gold 4s of '04, 1954. 28%
King of Italy 5-yr 6 % % gold bds. ?
100
69
99
91%
97
98%
98
88%
90%
88%
43%
87
81%
71%
83%
84
84
84
76%
63%
96A
91 %
84%
82%
36%
29%
(Sales)
Anglo-French Es
4.000. 99%
2,000. 99M
194,000. 99%
20,000. 99?S
10,000. 99%
Argentlntj G 6s
5,000. 68%
1,000. 69
Chinese Ry 6s
1.000. 43%
10.000. 43%
City of Bordeaux Cs
1,000. 83%
City of Paris 6s
7.000. 93
3,000. 92%
1,000. 93
18,000. 93%
1,000. 92%
1.000. 93
10,000. 93%
1,000. 93
City of Tokio 6s
4,000. 64
1,000. 53%
Dominican R 5s
17.000. 82
4,000.a30f.. 81 ,
600. 81%
Dorn Canada 6%s
notes 1921
6,000. 97%
do EVfcB 1929
1,000. 90%
1,000. 90%
do 5s 1921
2,000. 98
do 5s 1931
13.000. 87%
Gov of Switzerland
s f Ss tt>mp rets
6,000.100%
9,000.100%
6,000.100%
8,000.100%
25.000.100%
3.000.100%
20.000.100%
1.000.100%]
1,000.100%
5,000.100%?
20,000.100%i
2,000.100%l
1.000.100%
Jap 1st ser 4%s
4?.000. 73
7,000. 72%
do 2tl ser 4%s
2.000. 72%
3,000.s30f.. 71%
13.000. 72
3,000. 72%
15.000. 72
35,000. 72%
do ntlK loan 4s
2.000. 57%
78.000. 67%
10.000. 67%
36,000. 57%
K of Belgium s f 7 Vis
J P M rets
1,000. ?T
7,000. 9C%
3,000. 97
1,000. 97%
4.000. 97%
1,000. 97
do tis 1921
1.000. 98%
2.000. 99
do 6s 1925
6,000. 91
Rep of Cuba 6s 1904
.000. 85%
U K or Great Britain
& I 5%s 1921
44,000. 96%
18.000. 66%
14.000. 96-rV
CO,000. 96%
5,000. 96%
10,000. 90%
3,000. 96 %
1,000. 96,?, ,
1.000. 96%
1.O00. 96 %
2,000. 96%
do 5%s 1922
100,000. 91%
6,000. 91 %
66,000. 91%
10,000. ...... 91%
do 5%s 1929
5.000. 84%
2.000. 84%
2.000. 84%
6.000. 8 4.%
6.000. 84%
9,000. 84%
2,000. 84%
3,000. 85
do 5%b 1937
15,000. 82%
1,000. 82%
10,000. 82% |
10.000. 82% I
11,000. 82%
3,000. 82%
4,000. 82%
IT S of Mexico 5s
2.000. 3R%
5,000. 38
6,000. 39
1,000. 39%
1,000. 39%
13.000. 39%
5.000. .ins
6,000. 39%
2.000. 40
T.T S of Mexico 4s
9.000. 30
1.000. 30%
N T City 4%a 1957
May
10.000. 89%
5.000. 89%
do -4%s 1967
13.000. 90
do 4 ?is I960
1,000. 82%
1.000. 83
do 4%s 1934
2,000. 84
Railway, Other Corporations
Ala Midland 5s
1,000. 92
Am Ag Ch deb 5s
6,0??0. 90
Am Smelting 6s
1,000. 75
1.00?. 74%
10,000. 74%
5.000. 74%
5,000. 74%
3,000. 74%
8.000. 74
4,000. 74%
12,004?. 73%
6,000. 74%
2.3000. 74
14,000.74%
20.000. 74
Am T & T cvt 6a
6.000. 95%
1,000. 96%
2,000. 95
1.000. 94%
do 4%i
1,000. 81
do col 6s
1.000. 78%
4,000. 78%
6.000. 79
1,000. 78%
3,000. 7?
do cvt 4s
1,000. 84%
do col 4a
1,000. 75%
1,000. 75
Armour & Co 4%s
4,000. 7?
1,000_ 78%
1.000. 70%
A T & 3 F gen 4s
3,000. 76%
17.000.8?Of.. 74%
2,000. 7S%
1,000.76%
27,000. 75
2,000. 75%
4,000. 76
1,000. 76%
17,00O.siOf.. 75
do cvt 4s 1960
10,000.St0f.. 82
do adj 4a
13,000.a30f.
600.
do Trans 8 L 4s
6.000. 71%
Atl C L unified 4%a
9.000. 78
do 1st con 4s
1.000. 72%
do 7s J P U rets
5.000. 90%
1.000. ?9%
28,000. 99%
1.00?. 99%
Bait & Ohio Is
T.009. 99%
6,000.49%
do cvt 4%a
1,000.68%
3,000. ?|%
7,000. (?%
1,000.?I
2.000. <*%
1,000.<?
do rig 6s
27.000. 68
1,000. 67%
1.000. 88
8.000. 67%
do sold 4s
1,000., 67%
2,000. 67%
2,000. 67%
?.000.67%
2,000-.'. ?7%
12,000.87%
do p I S%?
i.Odg.iiu
1.90$.i?tj
10,000.I,%
70
63
4.9?fV.'.'.'.'. n%
2.000. 81
2.000. 80%
2,000. 81
do Pitta LEA
W Va 4s
3,000. .*,... 61
1.000. 60%
1.000. 61
do Swn 3%s
6,000. 76
1.000. 74%
5,000. 74%
1,000.74%
do T <fe C 4?
2,000. 62%
12,000. 62
18,000. 52%
71,000. 62
2.000. 52%
10,000. 52%
Beth Steel p m 5s
2,000. 79
2,000. 79%
4,000...... 79
do rfg *>?
2.000. 77%
Brooklyn Rap T 7s
6.000. 42
1,000. 41
do ctfs of deposit
1,000. 39%
do 6a
60,000. 26
Buah Term oon Es
LOCK). 70%
2,0*00. 71
6.000. 70
Con of Ga Ry Ss
1.000.87%
do con 6a
1.000. 82
2,000. 81%
Central leather 6s
4,000. 90%
1,000. 90%
4,000. 90
6,000. 99%
Central Paclflo 3%*
1,000. 77
do gtd 4s
? 6.000. 72%
28.000. 72
6,000. 71%
6,000. 71%
3,000. 71%
6.000. 71%
5,000.T2
1,000. 71%
do Short Lino 4a
l.ooo. oa
Ches A Ohio cvt 6s
3,000. 80%
2,000. 80%
10,000. 80%
11,000. 80%
do cvt 4%S
6.000.74%
do gen 4%s
8,000.T4
1,000. 7*%
O & Alton rfg 2b
1,000. *i%
do 2%s
1,000. 88%
CBIQ gun 4s
1,000.T7%
do Illinois 4s
1.000. 7T
do Joint 4s
1,000....
6.000_
25,000,...
11.000. 95%
C * H III Tig ?S OtfS
Of deposit
6,000.Il?
1.000. Sl.%
O Great Western 4s
IS*
,. *i:%
::S33
MR.
^.??0.
O A Br?? 1st I?
S,W"......
n
C M ft St P frt Si
ser B
1,000...... 70H
do gen 4Vis
4,000.72 %
Qo cvt 4Via
2,000.70%
12.000. 70%
2.C00. 7)
6,000.70%
10,000..- ?3%
29,000.s30f.. 69%
2,000.70
do rfg 4Vis
23.0OO. 63
2,000. 63Vi
7,000. 63
do deb 4s 1934
3,000. 64%
do gen 4b ser A
1.000. 67
1.000. 66%
do 4s 1925
1,000.7?H
12,000. 77%
de 4s C M & 1? Hd
2,000. 64
Chlo & N W 7a temp
rets
1,000.. ....101%
2,000_..101%
4,000.101%
do gen 5s
1,000. 93%
do gen 4?
6.000. 73%
C R I & P gen 4s
16,090. 71%
1,000. 71V4
do rfg 4s
1,000. 67%
4,008>. 67'<
2,000. 67%
4.000. 67%
6,000. 67%
8,000.u30f.. 67%
6.000. 67%
Ma Pacific 6s 1923
l.flffO. 88%
do 6m 1926
1.000.84%
do Es 1965
8,000. 75%
do gen 4s
7.000. 67
12,000. 50%
3,000. 67
6,000. 50%
1,000. 50%
31,000. 50%
Mobile ft Ohio *b St
L ft Cairo dlv
? ,4.000. 70%
Morris fc Co 4%i
5.000.?;%
Morris & Essex 3>?i
6,000. 68
Montana Power 5s
1.000. 80%
tNatlonal Tube 5s
3,000. 83%
N Orl T & Mex Es
1.000...... 67%
6.000. 68
N T Centrai deb 6s
10,000. 91%
2.000. 91%
?,000. 92
2,000. 92%
1,000. 92
1.000. 92%
2,000. 92
do 4s 1934
2.00Q. 75
do con 4s
2,000. 68%
do rfg 4%s
1,000. 75%
do rfg 3%a
1,000. 66%
do L S 3 Vis
1.000. 60%
N Y Dock Co 4s
2,000. 64
i2-'??2^;?^ ?"* N T Gas E L H &
Power p m 4s
2,000. 60%
N T N H & H 6s
1,000. 76%
1,000. 76
N Y Rys adj 5s ctfs
Of deposit
7,000. 4%
N Y State Hys con
4%s
2.000. 6!
N Y Sus ft W golil 5s
5,000. 47
N Y Tel deb 6s
000. 88%
CWc Un Station 6%s
ser C interim ctfs
1,000.101%
do 4 % s ser A
6,000. 77
Chile Copver 7s
1,000. 97
do 6s
1,000. 74
1.000. 74%
C C C & St L. 4s St
Inou?s dlv
1,000. 66
Col ft So 4%s
2,000. 71%
3.000. 72
Comp-Tab-R 6s
2,000. 82?
Con Gas tern 7s
3,000. 99
2,000. 99%
1.000. 99%
1.000.99
Cuba Cane Sugar
cvt deb 7s
15,000. 89
2,000. 89%
Del ft H tem 7s
4,000.101%
6.000.100%
do cvt 5s
10,000. 84%
Den & R a 4%s
1,000. 09
2,000. 69%
do con 48
2,000. 65%
1.000. 64%
10,000. 65%
15,000. 66%
24.000.s30f.. 65
5.000. 65%
do rfg 5s
1,000. 65
23.000. 64%
2,000. 64%
3.000. 64
3,000'.. 63%
do ctfs of deposit
6,000. 62
Distillers S C 6s
3,000. 77
6.000. 77%
Erie prior lien 4s
2,000. 67
2,000. E6?4
do gen lien 4s
lo.ono. 47
do cvt 4s ser A
2,000_'. . 44
1.000. 43%
4,000. 43%
do cvt 4s ser B
1,000. 42%
3,000. 42
1.000. 43
1.000. 42%
do cvt 4s ser D
5,000. 40%
1.000. 46%
10.000. 45
Erie & Jersey 6s
1.000. 82
Gen Elen deb Gs
9,000. 98V6
3,000. 98'
10,000. 98 T
O Bay ft W deb R
2,000. 10%
Hockinc Valley 4 Vis/1
1,000. 70
Hud ft M rfg Es
1.000. [58 '4,
2.000. 57%
1,000. 68%
8.000. 68
do lnc 6s
2,000. 22%
4,000. 22%
1,000. 22%
14,000.22 ?i
111 Central rfg 4s
1,000. 74
1,000. 74%
do 4h 1952
1,000. ?6%
1.000. ?9
3.000. 69%
do 4s 19G3
1,000. 68
1,000. 67%
do St Louts dlv 3s
1.000. 53
Illinois Steel 4%s
1,000. 77%
Indiana Steel 6s
3,000. 86%
Interboro-Met 4%s
5,000. 15%
do ctfs of deposit
1.000. 14?*
Interboro R T rfg Es
4,000. 40%
5.000. 40%
8,000. 40%
14,000. 40Vi
1,000. 40%
50,000. 46 V4
0,000. 46%
15.000. 46*4
1,000. 46%
5,000. 40U
Int Mer Marine 6s
9,000. 81%
9.00?.s30f.. 81
2,000. 81%
3.000. 81*4
1.000. 81%
Iowa Central 4s
4.000. 44V4
3.000. 44%
3.000. 44%
1,000. 44V4
K C Ft S & M 4s
2.000. 65
2,000. 85*4
8,000. ?B%
2,000. 66%
3,000. 65%
19,000. 05
Kansas City So 5s
10,000. 09%
2,000. 69%
l.OOO.s?Of.. 68
1,000. 69%
3.000. 68%
0,000. 63%
2,000. 69%
do 3s
2.000. 64%
2.000. 54
2.000. 53%
15.000. 54
6.000. 63%
7,000. 54
Kan City ?Term 4s
S.000. 70%
Laclada (Jas of St L
1st 5s
1.000. 70%
Lake Shore 4s 1928
2,000. 81%
1.000.81%
do 4s 1931
2.000.?1
1,000. 80%
10,000. 80*?
28,000. 80%
do gen 3%s
1,000. 68
Lehlgh Vallar ??
1.000. 98%
1.000. 97
do con 4%s
2,000.73
Lehlgh Val Coal 6s
80,000. 92%
Lehlgh V N Y 4%s
3,000. 19
Lehlgh V of Pa 4a
50,000. 71%
IxiuInv A Nash 7s
J P M rctr
?.000.101%
6.000.101%
1,000.101*4
do gold 6s 1037
1,000. 89%
do unified 4s
1.000.78%
1,000. 78H
do St Loul? ?S
1.000. 0S%
do Ht Louis 3s
6,000. 49
do B?> Hy Joint 4s
1,000. ?4%
Manhattan Ry 4s
1.000. 30
Mldvalo iteel Gs
B.oon.77%
6.000.77%
iMct. 77%
4 000. 77 14
Minn ft 8t L rf 5?
7,000. 60%
2.000. 49%
do 4s '
1,000. 48%
K Bt P ft 8 g K ??
1.0J0. 77
K K * T lit to
1,000...... ss%
8,000. ??*
4,000.57%
XO.00O.M
do est 6a
MM.??>??? II
do 4 h,
E.000. 79
5,000. 78%
5,000. 79
2,000. 78%
3,000. 79
1,000.78%
N Y W ft Bn 4%s
1,000. 46
Norfolk So 5s ser A
1,000. 65
Norfolk ft "W gen 6s
1.000.100
do cvt ?s
B.000.101
do con 4s
1.000. 7B%
B.Ono. 74 S74
2,000. 74%
1,000. 74
6,000.s30f. 73%
do div 4s
3,000. 74%
Nor PRrlflc 4s
1.000. 75%
4,000. 7514
6.000. 75%
2,000. 76%
1.000. 75%
do 3s
1.000. E4
1.000. 64%
1.000. 64
Nor States Power 6s
1,000. 76
Ore & Cal 1st Es
8,000. 87
1,000. 8 6*4
Or? Short Line 4s
2,000. 79
Pacific T & T 5s
6,000. R2L.
Penn tern 7s 1930
1.000.1 02 ??
6,000.10T
2,000.102*4
1.0OO.102s,
13,000.103
2,000.102%
2.000.102%
2,000.102%
1.000.102%
do 4%a 1921
5,000. 97U
do 5f? 1908
3,000. 86%
10,000. 80%
7,000. 86
do Ken 4%s
l.OOO. 7774
1.000. 77*.
2,000. 77%
Teo Gas & Coke of
Chicago 5s
1,000. OO'-i
Peor?a ft E lr.c 4s
12,000. 30
1.100. 29Vi
P?re Marquette 5s
2,000. 80'?
do 4s
2,000. 65
Phllft Co Bs 1922
1,000. 87
1,000. SO&i
Philippine Rwny 4n
2.000. 41*4
5.000. 41
Pitts c c ft at L
4%s ser A
5,000. 78 ??
Reading gen 4s
3,000. 8 0*4
Republic I & S 5s
1,000. 80?.
Rio O W 1st 4s
1,000. 65
do col 4a
1,000. 64",
R I Ark ft L 4%s
2,000. 66%
2.000. rtfi
St L Ir Mt ft B 4s
1,000. 73%
St L ft S F 4s ser A
1.000. 59
9,000. B9>;
3,000. 59V-?
5,100. 69
12.000. 59V4
1,000. 59%
2,n00. 89?-i.
0.000. 69 14
2,000. B9"i
1.000. fig %
1.000. 5914
1.000. B9?i
5.000. 59%
do 5s ser B
3.000. 7014
2,000. 70
1.000. 70S4
5,000. 70*4
do 0b ser C
2,000. 87%
1,000. 87
do a?11 8s
1.000. 85%
1,000. 65\
17.000. Gt'i
1.000. 05
2.000. 05%
1,000. 05",
1,000. 65H
do Inc. 6s
11.000. B614
12,ono. 56U
4,000. 56%
105,000. 50
1.000. 55*4
5,000. 65*4
1.000. 55 Vi
1.000. 58
2.000. 55*4*
6.000. 55%
12,000. 50
15.000. 55%
14.000. B?
12.000. 55%
1.000. 6?
25,000. 65%
3.000. 55V4
St L Swn con 4a
11,000. ?3
6,000. 63'4
1,000. 63
1,000. 62%
1,000. 63 H
1,000. 63><i
. 8,000. 62%
do Terminal Sa
6.000. 62
1,000. 61*4
2.000. 61%
St P * KC 8 L 4Vis
S.000. 65%
3,000. 65V
St P M ft M 4%s
3.000. 88
do con 4s
. ?.ooo. im
do 6s Mont Cen dlv
3.000. 98 ?^
do 4s Montana ext
6.000. 50
Ssaboard A L 4s stp
2.000. 64
do rfg 4s
5.000. 44%
1.000. 46><i
1,000. 45
do adj 5s
1,000. 39
3,000. 88
1,000. 38V,
80 Pacific cvt 6s
10,000...... 98
6,000. 97%
?.DOO. 98
80,000. ?7%
2,000. ..... 98 Vi
10.000. 07%
do cvt 4s
H.000. 78%
10,000. 70*4
I6,000.s20f. 76V4
10,000. 7?*{
1.0?...*. 7?H
10,00?,..... 7BV? :
12,000. 7?
6,000,. 70 Vi
. 1.000. 76%
do rfg 4s
1,000. 74%
4,000.s30f.. 74Vi
do ool 4s
3,000. ?7%
I.OOO'.sSOf.. ?7
Southern Ry ?s
8,006
mm
?toen
?4
M %
I?
>.000...... 60%
MOO.?0%
3.000. 80V4
5.000. 60%
?lo 4a Mob A O dlv
9,000. SSV?.
MOO. 68?S
A P 1st Es
LO00.81%
rd Av rfg 4s
6,000. 40>a
? 1.006. 43
do adj 5s
8.000. ..... 2174
10,000... 22
Tnlon Pacific 6s
1.000. 9774
2,000. 97S?
2,000. 9714
1,000. 9714
. 3.000. 97?
do 1st 4s
54,000.sl0f.. 80
3,000. 7374
12.000.s38f.. 80
1.000.80
6,000. 80%
1.000. 80%
1.000...... 80
do cvt 4s
1,000. 80^
8.000.... 79H4
6.000.i 80%
4,000.80%
do r?g 4s *
2.000. 75%
3.000. 74%
7.000. 74%
t*" Rd of S F 4a
ctfs of deposit
1.000. 25%
4.000. 26
6,000. 27
United Ry inv Es
Pitts Issue
1,000. 66
IT S Realty A I Es
6,000. 80%
9,000. 80
6,000. 80%
TJ S Rubber tern 7%s
1930
6,000. 98%t
1.000.98%
3.000. 98%
2,000.98%
10,000. 98%
3.000. 98%
do 6s
2.000.77%
15,000.78
1,000.78%
2,000.78
2,000. 77%
TJ S Smelling 8a
2,000. 96%
IT S Steel s f 53
3.000. 91%
3.000. 91%
1.?00.830?.. 91%
2,000. 91%
4.000. 92
Virginian Ry 6s
1.000. 78J?
West Electric Es
1.000. 94
West Maryland 4s
3,000. 65%
W N Y A P 1st 6s
1.000. 84
West Pacific Es
2,000.727/i
West Shore 4a
1.000.73%
Wheel & L E con 4s
2,000. 56
Wilson Co 1st 6s
3.000. 86%
S.OOfl. 87
2,000. 86%
3,000. 87%
do cvt 6s
9.000. S3%
1,000. 83%
1.000. 83%
5,000. 83%
Wisconsin Cen 4s
44,000. 70%
10.000.70%
23.000. 70%
6,000. 71
6.000.70%
Wlnston-S Sobd 4s
1,000. 67%
1.000. 67
Financial Items
The F. IV. Woolfforth Company re
-ported sales for Ausffest were 211.069,889,
tin Increase of 11.515,847 over the sales
for month of August. 1919, and sal^a for
eight months endtal August $32.763.649.
an Increase of $13.433,648 over those of
t arrespondlng period last year.
American Wholesale Corporation's re?
ported sales for month of August were
$4.406,063, a decrease of $302,970 from
sales of AugUBt, 1919, and sales for eight
raonihs ended August $28,112,111, an In?
crease of $3,110,397 over sales for corre?
sponding period last year.
John W. McGulre ha? withdrawn from
the Arm of John W. McGulre A Co., Inc.,
at 141 Broadway.
James C. Martine and Wllbert Ward
hare been appointed assistant cashiers
of the National City Bank of New York.
Mr. Martine was formerly manager of the
bank's branch at Santiago, Chile, and Mr.
Ward has for several years been in charge
of the bank's commercial credit export
department.
Field. Richards A Co., B. J. Van Ingen
& Co. and Barr & Schmeltzer are offering
at a price to yield 6.25 per cent to ma?
turity an Issue of $900,000 City of Colum?
bus, Ohio, 6 per cent floor protection
bonds. The bonds mature serially from
March 1, 1949, to March I 1957.
Mexican Petroleum
Gets 800,000 Acres
Of New OU Lands
Doheny Says Territory Ac?
quired Shows Promise
for Development; Drill?
ing May Be Delayed
E. L. Doheny, president of the Mexi?
can Petroleum Company, confirmed
yesterday reports that the company
has acquired leases on approximately
800,000 acres of oil lands located just
north of the Tampico district. The
new acreage will more than double
present leases, which cover about 600,
000 acres and will bring the total up to.
1,400,000 acres.
Mr. Doheny said that the company's
policy of obtaining additional oil
acreage will be ?explained more fully
in the next annual report. The lands
leased to the Mexican Petroleum Com?
pany were owned by former President
Manuel Gonzalez and were leased for
a period of forty years from his heirs
and assigns. The rights to drill for
oil were obtained from the present
owners of the land.
The new territory, according to Mr.
Doheny, shows great oil seepages and
adds greatly to the life of the Mexican
Petroleum and Pan-American proper?
ties. Certain ?reolo?ists, it is stated,
estimate that there is more oil under
lyine the new leases than under Mexi?
can Petroleum's old territory.
Drilling operations in the new
district under lease, it is under?
stood, will not be begun until condi?
tions in Mexico have become more set?
tled. In this connection much inter?
est was shown yesterday in a reported
interview with Provisional President
de la Huerta, who at a luncheon to
foreign newepaper correspondents was
reported among other things to have
declared that American oil producers
are tvying to avoid or reduce payment
of taxes, royalties, etc His reported
indorsement of a union of the prole?
tariat of an international character
was also considered of utmost impor?
tance, if true.
The attitude taken by the Associa?
tion of Producers of Petroleum in
Mexico was that the provisional Presi?
dent had been misquoted. In a state?
ment the association said in part:
"It is impossible for us to believe
that the reported interview is a cor?
rect statement of the remarks made
by President de la Huert3 or of his
attitude. He knows that we have not
been trying to evade payment of taxes
and that within ? week we have paid
taxes in excess of what we should hare
paid as the balance of the export
taxes for March. April. May and Jane.
The oil companies operating in Mexico
think that these taxes were nearly
doable what they should have been on
the basis of law.
"Another reason why we are onable
to believe that President de la Huerta
has been correctly quoted is the state?
ment purported to have been made by
him regarding government by a union
of the proletariat of an international
character and the abolition of all
frontiers.
"With reference to the reported
statements relating: to the petroleum
situation the oil companms can only
reiterate the facts stated, with regard
to Federal zones. The opinion that a
Federal zone is merely a right of use
fay the public is not only the opinion
of attorneys of the oil companies, but
of the best Mexican attorneys.
"President de la Huerta must, of
course, realize that these Federal zones
are the property of the nation. A
recognition of Mexican ownership of
her own subsoil would involve recog?
nition of ail the conflscatory features
of the Constitution of 1917, and the 5
decrees of the late President Carranza,;
the effect of which would be to de-?
prive American oil companies of pro?-;
erties acquired under the law* exist-*
ing when acquired."
Gdnnings Show increase
U. S. Figure? Continue Far
Ahead of Lasi Year's
WASHINGTON, Sept. 8.?Cotton^
ginned prior to September 1 amounted
to 367,241 running bales, including 21,-'
143 bales, the Census Bureau announce*
to-day in its first ginning report of th?
season.
Ginning to September 1 last yea*
amounted to 142,626 running bales, in?
eluding 1,118 round bales and 26 balea
of sea island.
Ginnings by states this year te Sep*
tember 1 were: Alabama, 1,555; Ar?
kansas, 30; California, 1,545; Florida,
117; Georgia, 15,170; Louisiana. 2,629;
Mississippi, 827; North Carolina, 7;
Oklahoma, 326; South Carolina, 699 f
Tennessee none; Texas, 344,019.
All other states, 317.
BROWN BROTHERS & CO.
Established 181?
Philadelphia NEW YORK Boston
Investment Securities
Foreign Exchange
Deposit Accounts
BROWN, SHIPLEY & CO-MPANY
Established 1810
Founders Court. Lothbury OfBce tor Travelers
LONDON'. E. a IIS Pall Mall. LONDON, S. W.
Government of the French Republic
Twenty-Five Year External Gold Loan
8% Sinking Fund Bonds
at 100% and Interest
Beginning December IS, 1920, the French Government is to pay to
J. P. Morgan & Co., as Sinking Fund Trustees, not less than $4,400,000
annually; such payments madeHn quarterly instalments during the first
five years to be applied to the purchase of Bonds in the market up to and
including 110% and accrued interest, and the subsequent payments made
in semi-annual instalments to be applied to the can of Bonds by lot at
110% and accrued interest.
The Sinking Fund payments will be sufficient to
redeem at 110% all of the Bonds
at or before maturity
Principal, premium and interest payable in New York
in United States Gold Coin without deduction
for French taxes, present or future.
Coupon Bonds $100, $500, and $1,000, registerahle as to principal
These Bonds constitute an unconditional obligation of the Government of
the French Republic repayable in New York City in dollars.
Subscription Books will be opened at the offices of J. P. Morgan & Co., at
io o'clock A.M. Thursday, September 9, 1910, and will be closed in their discretion. The
right is reserved to reject any and all applications* and also, in any event, to award a
smaller amount than applied for.
Amounts due on allotments will be payable at the office of J. P. Morgan & Co., in
New York funds to their order, or in Anglo-French External Loan 5% Bonds, due
October 15, 1920, with final coupon attached, which wilj be accepted at 102^/2^0 flat, viz.:
par and accrued interest to maturity. The date of payment (on or before October 1, 1920)
will be stated in the notices of allotment. Trust receipts will be delivered pending the
preparation of the definitive Bonds.
F or full details regarding this issue reference is made to a circular which may be had on application.
J. P. MORGAN A CO.
FIRST NATIONAL BANK, BROWN BROTHERS A CO. THE NATIONAL CTTY COMPANY,
New York New York
HARRIS, FORBES A CO.
GUARANTY TRUST COMPANY OF NEW YORK BANKERS TRUST COMPANY
LEE, HIGGINSON A CO. WM. A. READ A CO. BIDDER, PEABODY A CO.
J. & W. SELIGMAN & CO.
WHITE, WELD & CO. SPENCER TRASK & CO. KISSEL, KINNICUTT A CO.
LAZARD FRERES BONBRIGHT A COn INC.
E. H. ROLLINS A SONS BALSEY, STUART A CO.
THE CHASE NATIONAL BANK,.
NATIONAL BANK OF COMMERCE IN NEW YORK * THE LIBERTY NATIONAL BANK
AMERICAN EXCHANGE NATIONAL BANK CENTRAL UNION TRUST COMPANY OF NEW YORK
THE FIRST NATIONAL BANK OF BOSTON THE NATIONAL SHAWMUT BANK OF BOSTON
OLD COLONY TRUST COMPANY. Boston
COMMERCIAL TRUST COMPANY. PhUesMpUa
FIRST TRUST AND SAVINGS BANK, Chicago ILLINOIS TRUST A SAVINGS BANK CMcego
CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK. Chicase
CENTRAL TRUST COMPANY OF ILLINOIS. Chicago
UNION TRUST COMPANY. Pistdntrg MELLON NATIONAL BANK, Pitfbwg
FIRST NATIONAL BANK, Cleveland FIRST NATIONAL BANK, Cincmnat?
FIRST NATIONAL BANK IN ST. LOUIS
'?
September 9th, 1910.

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About New-York tribune. [volume] (New York [N.Y.]) 1866-1924