New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 09, 1920, Image 16

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New-York tribune. [volume], September 09, 1920, Image 16
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-16/>

Newspaper Page Text

SECURITIES OFFERED AND WANTED
profil Srnt?jtm
112 jfoMfeatajf, K. f?i>
Appalachian
Power
Company
5s Due 1941
Private Phone? to Philadelphia ? Boetoa
Atlas Portland
Cement Com.
J.K.Rice,Jr.&Co.
Phone? 400? to 4910 John. 36 Wall St., N. T.
Descriptive Booklet
?Railroad Securities
Industrial Securities
Jiailtd on Keguest
FREDERIC H.HATCH&Ca
7* BwAyNY -?fWillSHtD fett)- Tel?Rector?94?
WIRE CONNECTION?
bOSTOH. CHiaGQ PHUA .MONTREAL. PtTTSBUE&tt
Mark A. Noble T*n?e?ao?-e 0. Corwin
NOBLE & CORWIN
t? Broa? St, K?ew Tack
Chase Nat. Bk. Curt?? Aero Pfd.
?Equitable Trust Carbon Steel Com
TateaboM till Brot?*,
r
Threatened Miners'
Strike Heavy Blow
To British Trade
Iming National Bank Officer
Says Recovery in England
Would Be Badly Checked
by the Proposed Action
James Heckscher, vice-president of
the Irving National Bank, said yester?
day, on his return from a two months'
business trip to England and Conti?
nental Europe, that a serious blotf to
the recovery of English industry from
the war will be struck if the coal
strike projected by the miners' anion
in that country for September 30 goes
into effect.
"England," said Mr. Heckscher, "is
now going through one of the most
trying periods in her history, both
from a political and a financial stand?
point. The extremists of the labor
party are striving for political control
through direct action. The threatened
strike is a menace to British industrial
prosperity. If it goes into effect a
few days may see industry in that
country paralyzed and transportation
virtually brought to a standstill.
"Money in England, as nearly every?
where, is dear and difficult to obtain,
even for legitimate enterprises. This
ia dae in part to the fact that England
has made heavy shipments of mer?
chandise to Eurone, payment for which
has not yet been made, ajid in part to
the increased cost of raw materials
and wages. Nevertheless, the English j
are working with det?ermination to !
cope with the situation, and influential!
bankers believe that conditions will
adjust themselves in time without
serious disturbance."
While abroad Mr. Heckscher visited !
"Norway. Sweden, Denmark and France.
In all the?e countries, he said, pro- ?
gress toward the restoration of normal
conditions could be observed, and in
several of them long steps have al- ?
ready been made.
"Ore good si??n." the banker ?said,
"is that the people are beginning to
look longer at their money before
spending it., Bankers think the period
fif reckless pp^go-ia-i expenditures is j
about at its end. As a consequence, a
general drop in prices is looked for.
Pricey arc .?till hi_'h, however. In
T*a!iij the cos; of living to the traveler
is much higher than it was a year ago.
Conditions have improved greatly \n
France since the -beginning of the
year. The- principal financial problem
in France now is that of the govern?
ment. The neoplo have money, but
iho government is poor.
"it seems to be the general opinion'
in th" countries ! visited that Bol?
shevism will not spread to any greatv
extent While there may be sporadic'
outbreaks and disturbances of more or
less seriousness in one place or an?
other for a number of years. Euro
peans believe the menace will be con?
fined more or les? closely to the ter- :
ritory it now occupies."
?-* .??
American Locomotive Order i
The American Locomotive Company
has received an order for ten 160-ton
Mikado engines from the Chicago &
North-Western Railroad Company, it
was announced yesterday. This order
is in addition to one for seventy-five
I engines placed some time ago by the
| same road.
*
S?ecuritic?^ at Auction
The following sales of securities at auc?
tion were reported yesterday m\ th? sales?
room o? Adrian H. Muller te Son, 14 Veaey
Street:
2 ah a r e s Underground
El-ctrlc Rail-ways Co.. ot
London. I.td.,.?ic each; S
share? Underground Elec?
tric Railways Co, (Cen?
tral Trim Co. trust
certificate), tl each; 2
?hares United Stales De?
benture Corporation, Ltd.,
ordinary stock (?1 paid),
?4 each; 1 share Mid?
land? Railways Co. con
?ojidated 2Vi per cent
perpetual preference, 16
, each.lot. $16 ,
20} shares Ilatoplla? Min?
ing- Co., $20 each.a share 70c
91.000 Chicago, Rock Island *
Pacific Railway collat?
eral trust 4 p?r cent
bond, du? $002. {Stamp
Hid with ihr?? payment?
mad? In liquidation); 2(0
share? I^one Star Retro- \
teum Co., $1 each; 6
share? Depew Improve?
ment Co.; 2 ?hs.rti the -
Iowa Central Railway
Co. preferred; 1 aharo
the Wabash Railroad Co. ?
common (old stock cer?
tificate, dated Dee. 30,
3407) 22 Vj - ?hares Cm
inentium Hales Co.lot, $22
1.400 ?h4ff? dale Manufactur?
ing Co.?*???*.,ot- *i5
~~DMdtmdT"
iNtttal
/mm ?I. XKinham Camtptrnf?An Initial
dividend ot m par ?eat a ?hare on th*
cammon etoefc In addition to th? regular
<j<aa*t*rly dividend? of ? Vi per cent on th?
OraS ?preferred and 1 y, por cent on th? ?ec
ayftS ?referred, all payante October 1 to
stockholder? of record September 29,
Oaelauiitlwaa
P?- Pay- ?'holders
Bate rlod able of record
C?Hf P?t Corp pf$l,7$ A Oct 1 *?pt 20
Kei Spring ta pf.?M? n Oet I Sept 20
3*4, Hi V * Ht* M 2 Vi- a-a Oct 15 H* ft 22
4? pf. ??* s-? Oft ir, sept 22
Ma-trBJv Coat pf.fl.14 n Sept 2? H*-pt in
" tl* ? * C.6?.26 '? Oct. 15 Sept 30
%l <* Oct UL S?pt Z?
t) ft,... 1% ? Oet T* tiapttO
t * F ?jrt 1 >t s?pt 30 Sept It
stA it ttapt
Miscellaneous Markets
Publie Utility Securities
Bid. ASfceg
AdlrondscK Power ft Light-IS J?
do pi. 70 77
Amer Light ft Traction.110 *?
do pi. 80 *??
Amer Ou ft Bl??ctrle. ?0 ?g
do pt ..83 8?
Amar Power A Light.4 45 BO
do pt.,..?6 ?
Amer Pnbl?o milltlw.? 20
do pf. ?? s?
Amor Water Work*. 2 s
do 1st pf. 8* *2
do participation pf. *- '
Appalachian Powe? . * J
do pt . 13 J;
Carolina P R ft L. 28 28
Central State? Electric. 7 10
do pf . 42 47
Cities Servie? ..297 302
do pf . 66?A ?7
do 7 p c t)eb Series C. 86% ?7%
do 7 p o Deb Series D.-~ ?J
do7pcj>fB. 6H ?
Colorado Power. .7 ?
do pf . 8? fS ?
Commonwealth P R & I?. 1* ??
do pf. 3S $9
Electric Bond & Share pf. 79 83
Empire Diet Klectrlo pf. 60 70
Empire O ft P 1st ft col 6s 192? ?4 ?T
do 6 p c conv notes 1924. 83J4 b&Mi
do 8 p c pf stock. 83\i 85%
Federal Light ft .Traction. g ?
do pf
40 45
Gas & Electric Sec.'-?0 850
do pf . 75 86
Northern' Ontario Light. 10 14V4
do pf . ** ?
Northern Ohio Blec Corp.? ??
do pf . ? ??
Northern States Power. 2? *z
d? pf . 7* 'I
Republic Railway & Light Co.. 7 v
do pf . 27 31
Southern California Edison... 79 ??
do pf.. ?2 ??
Standard Gas & Electric. 12 14
do pf. 8? 37
Tennessee Ry Light ft Power.. 1 ;
do pf . 1 ,*
United Light ft Rys..16 J?
do 1st pf. 66 60
Western Power. J; f;
do new pf . 60 63
Ronds
Appalachian Power 1st 6s. 60 62
Cincinnati Gas & Eloc 5s 1916.. 79 83
Col Gas & Blcc 6s 1927. 79 81
Dallas Eire 5s 1922. 89% ?
do 7s 1921 . ?? I??
El Paso Eloc col Gs. 79 *.i
Oreat Western Power 1st 5s.. 73 74>A
Midwest Utilities 1st 6s. 85 90
Miss River Power 1st 6s. 73 74J4
North Ont Lt & Power 6s. ft 6?Va
Nor State? Power 6s 192?.80 81
Miscellaaeo?* Stock?
Bid. Ask.
D LAW. 16* 163
Draper C.139 181
Int SU pf. 18 92
Lima L pf 86 t?
NatCaskt.100 110
N J Z W..180 182 j
N Co 1 Pf. ?7% IM
Phelps D.179 t??
P ft W pf ?8 ?
R Raalt In 20 ?9
do pf... 60 75
Ry Bkg P129 18?
do pf... 84 87
Singer Mfgl2? 132
SLIM&S 43 47
Stoll S pf. 96 98
S D W pf. 96 98
Valvol pf. 95 98
W & B. .. 92 98
Yale & T.275 2S5
Bid. Alk.
Am Chicle 38 40
do pf... 82 86
?AmLeath 27% 6?
?do pf.. 77 86
Am Mfg..l46 160
do pf .. 35 8?
Am M ft F169 18*
Am Td pf 3% 8%
Am Typ F 88 43
A D T NJ 26 35
Atlas P C 60 70
BBASlp 80 86
do 2d pf ?5 ?
Bor C M... 96 99
Hush T pf 17 .73
Casiuli'd. .160 160
ChK-ls Co. 86 8?
do pf .. 92 ?5
City Inves 60 ' 70
Crk W pi. 90 97
Chemical Stocks
Am Cyan. 25 80 Hook ISloo ?0 7?
do pf .. 49 70
Ky Solvay 76 100
Moc-Co pf. 8? 93
Merrimac. 74 78
Mulfd Co. ? 60
Semet O. .165 170
Solv Pne..200 240
do pf. . . 55 65
By-Prod.. 93 98
Caaain Co. 40 50
Dow Ch.. ? 265
Du P Co p 9 10
Graselli ..137 139
do pf... ? 95
Tobacco Stocks
O W Hmel60 165 iP R-A T.110 120
do pf... 89 95 W?ym ?...162 170
J E Toungl30 140 do pf... 89 04
' do pf ... so 92 Itniv Leaf.140 ?
?MacA&F.103 107
?Sx dividend 60?%.
Sugar Stock?
Card Am. 19 23 ?Hat-Am.. 2? 2?
da pf .. 70 St ) *do pf.. 76 102
Car Sug.. 50 56 Michigan. 11 12
CAgulrre 10? 110 1 National..145 155
Fjrdo uewlOO 105 INI Ninu?oDOO 360
Godch'x S 53 55 (Savannah. 45 GO
?TJrt West. 380 400 | do pi . ! ? 1 ?2
do pr . .113 118 I
Steel and Ordnance Stocks
Am Brass. 191 195 .East Steel 7? 78
Atlas Pwdl45 155 ?Em S & I 30 35
do pf... 77 80 ; *do pf . 75 80
Bab & W. 105 108 ?Here Pwd200 210
On F ?ft P. 160 170 I "do pf. . 92 95
Carb Steel ? 60 (Ntles 11-P. 86 89
da 1st pf 96 ,100 IScov ,Mfg. 370 400
do 2d pf 62 68 Thorn Iron 3? ?
Colt A_ 48 62 W'? Cor. .400 460
Du P pw.,230 '2S8 l^Vjodward 69 63
do pf... 77 79 I . -
?Kx dividend.
New York Bank Stocks
America ...206 ^liiUa-neia ....230 249
Allanta -315
Am Kxch . .2S0 270
Uattcry ....l?5 205
Boiwerj -420 ~|
Bryant P.. .UO :6?
Bway Cent. 150 160
llronx Nat. .1C0 160
Mutch ft D. 35 40
Cer. Mercan.195 ?
Citase .395 (05
Chat ft PhC70 2M
Chelbca Ex.135 145
Chemlcat ..650 565
City .265 271
Coal A I. ..??o
Colonial ...?50
Commerce ..218 222
Columbia . .175 ?
Corn Lxcli.330 3 40
Cosmop tan. 112 1.5
Com'cial ES.421 ?
Com'w'lth .22* 7.50
Cuba .189 ;sc
Ram River. 1*5 ?
Plfth Nat..l?f> J7U
Klfth Av?..9C0 026
First Nat... 896 ~
Foreign T B 55 65
Goinam ...135 208
Ure -nwich .225 ? I
Hairlman ..340 366 j
Hanover .. .815 ~
Industrial ..286 ?
lin Ci Trad. 520 64? !
Irving Nat..210 220 l
Liberty _390 400
Manhat Co. 21 5 221 I
Moch & MeU2Q " 330 ?
Metrop'lan .360 ? i
.Mutual _480 ?I
Nat Am_160 ? ?
New Neth..l?6 296
N Y County.135 ? I
: Y N B A.4?6 481
Park.470 480
Pacific . ..'.279 ? I
Public.326 345
Reaboard . .??56 t;7? I
ocond.426 tit
State .185 ?
23d Ward... 200 ?
Until Statcsl75 ?
Union ?V....I75 186
Wchoster A. .208 ?
VorkviM? .37* ?
Trust and Sureor Companies
Alilanco ... 75 85 Lawyers ?..13? 140
tAm Trust., ?? ??I/?ncola ir..148 _
Am Surety. 63 72 Manufaci'rs 195 205
? iankers ..-.386 3T6 Mer??.ntll? 300 J2? ,
Bond 4 M...210 220 Metropoi ..260 279 i
Bklyn T Co.4?0 610 Mtge j;_.nd.. 80 90 ;
<-eiii l-iiioi).365 "5|Mu T of W.195 126 I
Coiun-.bi^. ..310 3?0|Kii! Surely. 188 196
Cimmnc'l .166 ? N i L.iftT.625 626!
Equitable .305 ? ."cw T^rk T595 610 I
Emi?ir? Tr..S90 ? IN V J'itle.110 120'
rrmrs U i: T335 395 Peoples _275 2*9
Pulton .270 ??Realty Assti.l?9 118
Fidelity ...7'99 210 T G AT-310 320
Guaranty ,.345 865 Un Stales. .810 630
Hamilton ..J?S 265 U S M ft T.496 - ?
Huasen T..155 ? U 8 T Guar 30 86
Kings C?. . .630 660 Westchestor.136 ?
Law Mtg?..U0 115'W ft BT?M165 17?
?See New York Tit lo and Mortgage.
tlncludts American Tnsist Company
stocks. jg
Croat Am. .258 266
Hanover ... 8? ?
Home .605 620
Nat I.rt.erty.176 1^8
Niagara . . .120 130
Stuyvesant.. 60 75
Insurance Contp
Am Alll'nce.viw 230
City of NY.209 210
Com'w'lth .309 326
Contint I .... 67 70
Fid & Phoe.520 ?36
Fraoklln_ 70 89
Globs Si R.1190 ?t
Standard Oil ^Stocks
Bid. Ask. !
Anjflo-Ampr Oil Co, Ltd.... 21 Vi 22% I
Atlantic Refining Co.1126 1225
db pf. 105 107 I
Borne-Scrymser Co.420 410
Buckeye Pipe Line.? 93 96 j
do pf .100 105 |
Chesebrough Mfg Co ......220 2.?0 ;
do pf .100 105 i
Continental Oil Co. 120 125
Crescent Pipe Lino ?Jo. 30 ?2
Cumberland Pipo Lino Co.... 135 145
Kurelta Pipe Lino Co.105 110
Galona-Slgnal OH pf ne^v. ?8 92
do pf old . 90 95
?Jo com . 47 60
Illinois Pipe Line. 160- 154
Indiana Pipo Line Co.<.. 8 7 ?2
Internat Petroleum Co, Ltd.. 33 31
National Transit Co. 26 27
New York Transit Co. 165 175
Northern Pipe Lino Co. 98 102
Ohio Oil Co . 3!5 325
I'cnn-Mci Fuel Co. 43 46
Prairie Oil A Gas Co. 535 645 '
Prairie Pipe Line Co. 190 195
Molar Refining Co. 370 890
Southern Pipe Line Co. 122 123
Bouth Perm Oil Co..'. 270 275
Koutl? wiht Pinna Pipe Lines.. 63 68
Statidard Oil of California_ 310 315
Standard Oil of Indiana. 6f>5 675
Standard Oil of Kansas. 525 646
standard Oil of Kentucky_850 270
Hiandard OH of N?-t?r*ska_ ?20 440
Standard Oil of Now Jerapy... 0CO 670
do pf . 104% 105V4
Standard oil of New York_385 388
Standard-Oil'of Ohio. 430 460
?dO-pM . 106 109
Swattift Finch Co. 70 80
UnfotVTank Car Co. 120 124
do pf<! . 96 100
Vacuum OH Co . 356 360
Washincten OU Co. 29 83
' Miscellaneous OU Companies
Atlantic Lobos OU Co. com... 28 32
48s St . 80 100
Condon ft Co. 1% 8%
Eiit Basin Cons Pet Co. 8% 9
Imperial OH Co, Ltd. 100 105
Magnolia Petrolouni Co. 315 830
Morrttt Oil Corporation. 14 14,%
Midwnst ft*flntrg <.:?j>?. 1-15 147
Mountain Producers . 12 u
Northwest OH Co. 28 30
Producers ft rt<<f Corp, com tv? 6t(
??It Cm?k Producers, new.... 12 13
jBapulpa Refining ?Co..../. 0% 6%
New York City Bond?
Por?. Rato and Maturity. Bid. Ask. Yield.
taurcnangoabJo *%?, 1887. 93% 80% 8.06
40 4V4?, 1865.?fS 90<Z ?OS
do ?Ss, leoi.......*9% 90?? 6.0?
do *$?, 1967....i.. fig 90% 5.0?
, do ?U?, 118?.. 8$ <4 S-17
do 45?; 1962. ?? ? 8? 619
i do iV.?, 19fi0. 83 84 6.22,
do 4'4s, 1960, OP 1930.... 83 84 6.22
do 4s, 1969. 80 81 6.13
do 4s, 19&S.?V? 80 81 6.13
do 4s, 1967. 80 81 6.14
Registered 4?, 1955-1866... 79% 81 6.14
do 4s 1936.;.85 87% 6.12
Interchangeable 3H?, 196?. 71 73 6.20
.Coupon 3 % s. 1054..71 73 6.20
'Reg. 3V?S, 1950-1954 Inc.. 71 73 6.20
do 8H?. 1940-1950 Inc.. 6.50 6.10 -
Reg. and coup (serial) 4%s,
1920-1930 inc .??. 6.00 6.25 -
.' do 4%a, 1920-1931 inc.. 6.00 6.25 -
do ?Ha 1920-1932 lne... 6.00 6.25 '
New York State Bonds
Issued In coupon and registered form not
Interchangeable. Coupon bonds register
able.
Canal ?Imp 4%s, ?196?. 98 103 4.40
Highway Imp 4%s. 31963.. 98 102 4.40
Canal Imp 4 Un, 196(1. 94 97 4.40
Highway Imp 4?4s, 1966..'94 97 4.40
Barg? Canal Tor 4fcs, 1945. 94 97 ?.40
Highway Imp 4s 1967.... 8? 91 4.46
Canal Imp 4s, 1967. 8? 91 4.46
Hiffh'y Imp <ls, 1960-'S2 inc. 89 91 4.48
do 4a, 1968. 89 91 4.48
Canal Imp 4s, 1960-'62 Inc.' 89 ?1 4.48
Palisades I S Park ?a, 1981.. 89 91 4.48
Barge Can Ter 4s, 1942-'4< 89 ' 94 4.4(
Federal and Joint Stock Land Ban!
Bonds
Federal Farm Loan 6s,
1938, op 1923. 94 96% 6.4?
Federal Farm Loan 4%s,
1939, op 1924. 86% 87% 6,6'
Federal Farm Loan 4%?,
1938, op 1923...,. 86 88 6.6'
Federal Farm Loan ?Vis
1937, op 1922. 8? 87% 6.?
Joint Stock Land Bank 6s,
1939, op 1924. 83 85 6.3
Joint Stock Land Bank 6s,
1938, op 1923. 83 85 6.4
Short Term Securities
Security ?ate Pae Bid Asked Tlel
Amer Cotton Oil 6?, 1921.. 89% 90% 8.9
Amer Chlcl? 8?, l?21-*22- 94% ??% T.88
do ?s. 1923-25. 90 95 7.78
Security, rate, due. Bid. Ask. Yield.
do 6s. 1926-'27. 87% 91% 7.65
Amer Tel & Tel ?a 1922.. 04% ?4% 8.95
do 6s, 1924. 92% 93 8.30
Amer Thread 6s. 1928-93 95 6.80
Amer Tobacco 7s, 1920.. 99-% 100 7.00
do 7e, 1921. 99% 99% 7.25
do 7s, 1922. 99% 99% 7.15
do 7b! 1923. 99% 99% 7.20
Anaconda Cop 6s, 1929.... 89% 90% 7.40
Angio-A Oil, Ltd, 7%s, '26 98% ?9% 7.80
Armour Co con 6s, '20-'24. 94 98 ?
do con 7?, 1930. 95% 98% 7.46
Bethlehem Steel 7s, 1922.. 98% 98% 7.76
do 7s, 1923. 97 97% 7.86
Canadian Pac Ry 6s. 1924. 98% 94% 7.90
Cent Argen Ry 6s, 1927... 83% 84% 9.80
C B & Q Ry (Jt) 4s, 1921. 96% 95% ?.30
Chicago Pneu Tool. 1921 99 100 6.00
do 6s, 1922. 98 100 6.00
do 6s, 1923. 97 100 6,00
C C C & St L Ry 6a 1929. 87% 88% 7.?0
Cu-Amer Su 1st lien 6s, '21 99% 99% 6.10
Cudahy Packing 7s, 1S23.. 97% 97% 7.85
Fed Sug Ref 6s, 1924-92% 94 7.75
B F Goodrlch con 7s, 1825 92% 93 8.9.0
Oulf Oil 6s, 1921. 97 98% 7.60
do 6a, 1922. 96% 97% 7.40
do 6s, 1923. 94 95% 7.70
Hocking Val RR 6a 19$*? 89% 92 1.70
Interb R T con 7e, '21..,. 63% 65% ?
Kan City Ter Ry 6s, '23.. 94% 96 7.60
Kennecott Cop 7s, 1930... 92% 93 8.05
Laclede OL lst&ref 7s,'29 86% 88 9.05
Lig & Myers Tob Cs, '21.. 97% 97% 8.70
N Y Cent R R 6s, 1920... 99% 100 7.00
Philadelphia 6s. 1922..... 91% 93 11.20
Pennsylvania ?Vis, 1921... 97% 97% 7.15
Procter &. Gamble 7s, 1D21 99% 100% 6.90
do 7a, 1922. 99% 99% 7.26
do 7b, 1923. 99% 99% 7.10
Pub S Crp NJ con 7s, '22 80 83 ?
R J Reynolds Tob 6s, '22. D6 % 96 8.15
Sinclair Con OU 7%s, '25 90 90% 10.00
Southern Ry 6s, 1922. 94% 94% 9.85
StP U Dep guar ?i^s, '23. 92% 93% 7.95
Swift & Co 6s, 1921. 98% 98% 7.35
The Texas Co 7s, 1923-98% 98% 7.65
D S Rubber 7%s, 1930.... 98% 98% 7.76
Utah Securities 6s. 1922.. 81 84 ?
Western Elec con 7s, "25.. 98% 98% 7.40
Markets in Other Ciiiesg
Baltimore
39%
74
30
67
36
11%
Sales.
110 C'en Ter Sug
12 Cons Power
80 Cons Coal. .
200 Oit Bank..
10 Maryland Cas
C Mt Ver com..
25 do pf.
20 M & M Nat B
20 Un Ry com ..
Bonds
$8000 Con? Cl R 6b 71%
1000 Con? Coal 6s. 96
1000 Cone Pow 4%s 74%
2000 Coaden 6s_ 90%
10000 Hous OU d ?s 99
1000 Un Ry 4s.... 62%
2000 do Income. 48
Boston
Mining
85 Allouez . 24%
Open. High.
?%
96%
G
95%
86
39%
74
30
?7%
86
11%
71.%
96
74%
90%
99
62%
48%
Low. Last.
5 % 6 %
95% 96>,i,
85%
331%
74
30
67
36
11% 11%
85%
39%
u
67%
71%
71
96
74% 74%
90% 90%
99 99
62% 62%
48 48 %
\
6 Ahmeek
2 Anaconda .. .
200 Arcadian ...
130 Ariz IV?ml ..
470 Big Heart. . .
100 Butto Ballak
73 Cal & Ariz..
2 Cal & Hecla.
390 Carson .
60 Centennial .
404 C?p Range. .
185 Davis Dalv. .
415 East Butto..
100 Helvetia _
2 Inspiration
SO Island Cr. 66%
6 Isle Royale. . 2X
60 La Salla. 2%
220 Mass Cons ... 3 %
172 Mayflower O C 6'.h
30 Mohawk . 00'/..
250 New Cornelia. 17%
178 New River
30 do pf.,
31 Niplsslng ....
121 North Hutte .. _
70 Old Dominion 25%
GO Pond Creek.. 17
30 Qulncy . 46
380 Seneca . 15
5 St Marys _ 40
200 Superior Cop. 5
1030 Superior & li.
140 Trinity .
400 Tuolumno ....
7 U S Smelters. . 59
30 do pf . 41
248 Utah Cons ... 7
2 Utah Copper. . 64%
110 rtah Metal ... 1%
100 Wolverine _ 14
59%
. .54
. 3%
. 10%
. 10
. 3
. 67
.295
. 22%
. 10%
. 36%
8%
, 11%
. 2V4
47
29
8 3? %
10
16
8%
11
24%
69%
54
3%
10%
10
3
67%
29 9
22%
10%
36 %
8%
11 %
47%
57
2*%
2%
3%
6%
60%
18
29%
S 9%
10
16
25%
17
46% 46
IF
24% 24%
69% 69 H
64 61
3% 3%
1?% 10*4
9 % 9 %
3 :t
r>7 57%
395 299
21% 21%
10 % 1 0 %
?8%
I*
40
5
4%
1%
60
69
64%
1%
14
6?'i 57
28 28%
6 % 6 %
60 6(1
17% 17%
89%
10
16
24%
17
46%
15
40
4%
4%
1%
24%
17
15
40
4%
4
1%
60
59 69
43% 43%
6% 7
64 ^ 64%
1 % 1 %
14 14
21
20
160
100
1
20
1
895
10
DO
125
110
145
15
Railroads
Boston A. A. .127% 128
Poston El ... 64 64
Boston & M.. 36% 3-7
Chi J & S pf.. 74 71
NY, NH & H. 35% 25%
Miscellaneous
Am Bosch ... 85 8 5
Amoskeag . . . 74% 74%
Am Pneum pf il 9
Am Sugar pf.105% 105%
Am Tel . 1(9% 99%
Am Wool _ 82% 82%
Atlas Tack .. 24% 24%
Century . 2 % 2%
Eastern Mfg.. 30^ 330%
s.. :
127%
03%
33 6 %
128
6 3%
36%
74 .?
34%
85
74%
105% 105%
'.18%
82 T?,
98!
Eastern
do pf
Gorton
Gray
50
50
600 Intlua Oil. 1
10
16
100
12%
19
20%
7 5
12%
19
12
6 0
250
695
110
15,1
100
25
380
485
241
25
5
Intl Cement. .. "8 :'S
Int Cot M pf. 88 88
Int Prod. 19% 15%
do pf. 45 45%
Island Oil. 0% 6%
.1 T Connor... 1 :i % 13%
Libby . 13% 3 3->4
Loows . 11 11
Mass Gas. 8 4 84%
do pf. 60% 60%
McKlw 1st pf. 9 1 54
Miss Rivr P pf 4 9
Nat Leather.. 1'?%
Nati Oil. 8
Eng Tel.. 89% 89%,
2 6 % 2 ?3 %
167 107
Reese Button^ 13% 13%
Hoot . 29% 29%
Shawmut S S. 20 20%
SlnUTlH Mag'to 13% 14
Swift .313% 113%
.lo Intl. ?'1 -\ 31%
Un Twist Drill 25% 25'^
Un Drug.Ids His
do 1st pf_ 44'? 44%
Un Krult.195 195%
I'n Shoo . 4 1 41
Ventura . 17 17
Waldorf . 38% 19
Walth Watch 2 5 25
Walworth .... 18 18
105
155
60
227
290
120
100
13
3 0
300
23
00 Orpheum
3 0'4
12%
19
86%
19%
45
G%
13%
1 3 %
82%
24i>
2%
30%
20%
12%
19
86%
19%
45%
6%
13%
8 3 >A
60
<)",%
10% 10 % 10 %
8 9 %
?.C%
167
26 %
HI? '"
13V4
1 :; %
113
105
44%
194
40%
17
3 8%
113
30%
25%
108
41%
196%
40%
17
19
25
18
Bonds
$1000 Amer Tel 6s.. 95% 95%
500#A G W Ds. 6s 68
2-00 Miss Rlv Pr 5s 74 74
2000 New E Tel 5s. 78 78% 7l
50,,0 Swift 5s. 83 S:i
D< 00 U K
.13
Ariz Extn.
Ari-, Silver.
Bos Sr. Mon. 86 88
Blk Hawk... 40 42
Calaveras... 1 1%
Chief Con... 3V4 3V?
Crown Rav. .10 20
Crystal new 34 39
Denbigh ....14 16
Eagle B.B. 2 6-16 2%
Fortuna ...? 6
Gadaden ...60 70
Homa Oil.... 6 8
Iron BIOSS...20 40
Iron Cup ... 8% 9
Jer Verde... 15 2;
5'.L-s. 91% 91%
poston Curb
Bid. Ask.I
i.a Rose..
95% 95%
68 63
7 4
78%
91% 91?
74
Bid.
. JO
-Majestic ... 12
Mox Mctals.30
Mid Moss...?
MoJ Tung... 5
Monarch _ 4
Nat L & Z. 4
New Bnltlc. 3
Nov Doug... 12
Nixon.4
Rainier - 1%
Svn Metals. 8
Silver Reef. 7
V Verde Ex.20
Yukon.1 %
AFk.
32
16
1%
10
31
1%
Chicago
Sales.
no
45
200
25
286
75
60
25
200
600
1760
800
100
1160
200
125
40
125
26
235
1700
E50
1600
600
1400
60
250
40
1000
3000
Am Radiator..
Am Shlpblrtg.
Armour Leath.
do pC .
Armour pf. . . .
Caso Plow.
Chi Pnou Tool.
Cudahy .
Cont Motors...
Oodchaux
Libby .
Lindsay Lt....
Mont Ward...
Nat Leather..
Orpheum .
Pigely wigg..
Pub Serv pf. . .
Reo Motor?. . .
Root & Van. . .
Seara Roebuck.
Shaw .
Stew Warner..
S'wlft Intl.
Swift .
Un Carbide_
Un Paporbd. ..
Wahl .
Wrlgley .
Com Ed let 6a.
Pco Ga? ref 5s.
Open. High. Low. Last.
6 s
68
94%
93%
1 0 %
80
78
8%
62
13%
6%
33
10%
26%
32%
8 3
23%
33
3 1 %
113%
67
29%
48%
7!%
77%
88 %
15%
9 1 %
93%
10%
xO
78
8%
62
13%
33 .
10%
26%
33
8 3
23%
29
141
76%
3 3
31%
113%
67
29%
48%
71%
77%
62
88% 8si?
15% 15%
9 4 %
9 3 %
10%
80
78
8%
62
10%
80
78
8%
62
13%
6%
33 33
10% 10%
20%
26%
32% 33
83 83
23% 23 %
29 29
110 141
7 3 75
31% 32
81
112% 113
66% 66%
29% 25%
48 48
71% 71%
77% 77%
62T 62
Detroit
100 Charcoal . 3%
200 do i)f . 4%
400 Cont Motor_ 8%
65 Detroit Edison 08%
16 Ford.340
470 Lincoln . 40%
275 Lincoln Motora 10%
360 Parkard . 14%
60 Palgo . 24%
425 Roo Motor. ... 23
60 Scotten Dillon. 30%
8% 3% 3',;
4% 4%
8% 8%
93 98
340 340
40% 41
10% 10%
14% 14%
24% 24%
23 23%
30 % ? 30 %
4 7,
8%
98%
340
41
10%
14%
34%
28%
?0%
Philadelphia
176 Amer Stores.. 40 46
66 Brill . 37% 40
893 ?leo Storage.. 128% 128%
?0 K?y?ton? Tal.. ?
Ulna Co N A.. $7
64 Lehlgh Nev... 68
tOPhlla Co pf.. tl
180?hila Klee...-SI
lePhlia Bap Tr. 14
46 46
37% ?0
129 128
7 Pa Salt Mfg.. 65 65 65 65
60 Phlla Traction 60 60 50 60
5 Tono Belmont. 2 2 2 2
1100 Union Trac_ 24% 24% 24% 24%
1648 Un Gas Imp.. 40% 40% 40 40%
4 do pf. 60 60 60 60
60 Warwick I ft 3 8 8 8 8
Bonds
$2000 El A Peo Tr 4s 62 53 52 62
2000 Lehlgh Nav 6s 96% 86% 86%. 96%
1000 Phlla El 1st 6s 80% 80% 80% 80%
Pittsburgh
1485 Arkansas Gas. 11% 11% 11%
lOOBarnsd Cop A. 41 41 41
100 do B. 88
50 Carnegla L&Z 4%
mOGuffey Glllesp. 28%
80 Harb Walk rfs 90
25 Ind Brewing.. 2%
135 Lone Star Gas 30?
1850 Marian?! Rfg.. 4% 4% 4% 4%
215 Nati Fireproof 6% 6% 6% 6%
110 do pf. 13% 13% 13% 13%
10 Ohio Fual Oil. 23% 23% 23% 23%
35 Ohio Fuel Sup 48% 48% 48% 43%
HOOltla Gas. 31 31 31 31
35 Pitts Coal pf.. 86% 85% 85% 86%
20 Whouse A B.105 105 105 106
20W'house Elec. 49 49 48% 48%
Toronto
Bid. Ask.i Bid. Ask.
Adanao .. . .? 3
Apex .? 3
Atlas . 6 16
Jlailey. 3 6
Bvr Con ... A iV
Chmb Frld- 6 12
Coniugns ... 1% 2%
Crown Rsv.. % %
Dome Lake. 2 6
Gold Reof.. ? 3
Grt Nrthn..? 2
Harpraves. ? 3
Holllnger... 4% 6
Keora.10 20
Lake Shore.. % 1%
Mel My re_ 1% 2
Mng Crp Cn 1% 2
Newray .... 4 9
I'lrnn Lake. 10 15
Fore Crown. % %
Poro Tsdl...? t
Pore Imprl.? I
Prs E Dome? 3
Tk Hughes. 4 10
Temiskamg. % %
Thmp Krst. 3 9
Vacuum Gas* % %
West Dome.. 4 8
A P ft P. 78% 78%
AnisNld pf 69% ?
Bell Telo. ? 101%
BrTLP.. 87% 38
Cn Cmnt. 61 62
Cn G Klc 102 103%
Can Stmsh ? 65
do pr... 79 ?
Cn M ?S: S. 25 26
Dt Un Ryl03 ?
17)0!ii Bdg. S6 ?
Dom Steol 68 68%
Dom Txtl.138 139%
Montreal
Bid. Ask.| Bid. Ask.
Lk Woods ? 165
LrntdLtd HG 116%
MLM&PCn 80 80%
Nat Brew 65 66%
OglvMllg. ? 266
do pf... ? 103
I'nmnsLtdl40 ?
Rrdn Pap.200 ?
Shawngn 103% 109
Spn Rvr..116% 117
do pf...l24% 125
Stl Co Cn. ? 69%
Buyers Show Little
Interest in Steel
Pig Iron Production Increases
in August, but Demand De?
clines Further
With production of pig iron increas?
ing, as shown by figures compiled for
August by The Iron Age, buyers are
showing decreased interest, apparently
believing that they can get what steel
they will need in 1921 when they want
it and at prices not enough above
present quotations to cause them to
place orders now, according to the
weekly review of the situation in the
trade.
Export trade is holding up well, it
is said. Regarding production and
prices, the paper says*
"Pressure for early supplies of
everything in finished steel, with the
possible exception of tin plate and
wire products, has disappeared.
"Pig iron production in August,
under better railroad operation, rose
to a point only exceeded this year by
March and in 1910 by January alono.
The total was 3,147.402 gross tons, or
101,529 tons a day, as against 3,067.04.3
tons in July, or 93,965 tons h day.
September promises further increase.
"With the large volume? of unshipped
orders that is on the books "of the
mills, prices are little affected by the
halt in buying, but the basis of future
contracting is coneededly a two-sided
question, whereas in July the shortage
in steel supply seemed the decisive
factor. While large rail orders are
expected for 1921, the $60 price talked
of by some sellers is questioned by
the railroads. At the same time there
is no assurance that the $47 price of
the Steel Corporation will continue,
its rail bookings being subject to the
price that may be fixed on January 1."
The Iron Trade Review will say to
dny: "Less talk of price advances is
to bo "heard in the market. The likeli?
hood of the Steel Corporation making a
general upward revision of its sched?
ule seems moro remote. The Ameri?
can Steel and Wire Company, how?
ever, has made iurther readjustments
of its list to conform to freight ad?
vances. One price action which stands
out in the week is the increase in the
differential on small cast iron pipe,
to be followed by a flat advance of $4
per ton. on all sizes, effective Sep?
tember 11."
Postpone Tobacco Meeting
The special meeting of the .stock?
holders of the American Tobacco Com?
pany to vote on the proposed increase
in common B stock from $50,000.000 to
$10b,000,000 has been postponed. Al
thcnigh many proxies were in the mails
they were not received in time for the j
meeting which will probably be held
within a few days.
Plan? Big Bond Issue
WASHINGTON. Sept. 8.?-The Dcla
wcre & Hudson Railroad Company to?
day asked the Interstate Commerce
Commission for.permission under the
transportation act, to issue $3,475,000
in first and refunding mortgage gold
bonds.
Livestock, Meats, rrovislons
Yesterday. Tear ago.
Live bnef, fnlr to
primo, 100 lbs..J13.60?O17.00 |13.25@17.00
Dressed boof
sides, lb.170 28 .160 .22
Live val, com
mon to primo,
100 lbs. 15.00021.00 17.50025.00
Dressed veal,
city, lb.240 .32 .26? .36
Live ewes, 100
lbs. 3.00? 7.00 6.00? 9.00
Dr?-?8?sd mutton,
city, lb.030 .16 _ .100 .17
Llv?-? lambs, fair
to prime, 100
lbs.11.00014.00 10.00018.60
Dressed lambs,
city, lb.80? .31 .220 .38
Hog?, 100 lbs... 16.10O17.7S 20.50?20.76
Dressed hogs,
baeon, lb.88%?.84% .29%?.80
Mess pork, bbl., 80.00081.00 68.OO08t.SO
Mes? beef. bbl.. 19.00@80.00 ??.00030.00
Lard, Midan*
VM, ?00 Hit* ll,M?tMI 3?.?0?!?-*?
Investment
Information
Questions of genervt interest tf
investor? will bo answered <?.***?
column, in which coat only intttol?
v>?l b? used. Other? will be an*
stoered by mail. . Addrett all in?
quiries, tnelotinff a ?tamped, am?
dretted envelope, to Financial Editor,
The Tribun?, ISA Ntutau Strtet, New
York City.
Long Island Debenture 6a
?Question?Kindly givo me a little, in?
formation about the Long Island Railroad
Company (Pennsylvania System) -deben?
ture 6a 1937. and if you consider it a
safe investment. Also your opinion of
Central Pacific Railroad Company first re?
funding mortgage ? per cent duo 1949.
I wish to invest, not speculate. Can you
give mo any Information about the Bulck
Oil Company (California) T I bought
share? in that company some years ago.
and bave nothing from it I know noth?
ing about buying ?took?, but think your
advice about investing in bonds and pre?
ferred ntoclis la good.?F. 341. C.
Answer?Long Island debenture 5
per cent 1937 are not secured by mort?
gage. The road is not a good earner
as a general rule, although develop?
ments on Long Island would Indicate
a good field for the road. The bond
is not a high grade one, although it
perhaps offers speculative investment
opportunities at current prices. Cen?
tral Pacific 4s 1949 are high grade.
We can give you no information on
Buick Oil.
St. Louis, Rocky Mt. & Pacjflc Bonds
Question?Having $12,000 for atrlctly
investment purposes. I purchased the fol?
lowing: Three Chicago, Burlington &
Qulncy general 4s due 1958, three Atch
Ison general 4s due 1996, four fourth 4%
Liberty 1938, four St. Louis. Rocky Moun?
tain & Pacific 6s\ due 1955, ten shares
Standard Oil of New Jersey preferretl. I
know very little lri regard to tho standing
of the St. Louis, Rocky Mountain A Pa?
cific' Company. Any information in re?
gard to this firm will be greatly appre?
ciated.?J. B.
Answer?Your securities are high
grade, with the exception of the St.
Louis, Rocky Mountain & Pacific
bonds. Even these have merit, for
earnings are good in normal times.
They are secured by first lien on coal
lands In New Mexico and coal mining
and coking plants, and by $613,000 of
Atchison Rocky Mountain division
bonds.
All Her Bonds High Grade
Question?Do you consider the following
bonds entitled to high class investment
rating? Kindly name them In tho order of
their strength according to your judgment:
New York Central 3%s, 1997; Atchlson,
Topeka & Snrrta Ke genoral 4s. 1996;
Northern Pacific prior Hen land grant 4s,
1997; Norfolk A Western first 4a, 1996;
Union Pacific first land grant 4s, 1947;
Southern Pacific first and refunding 4s,
1947; Central Railroad of New Jersey
general 5s, 1987.?MRS. K. jK.
Anajrcr?The bonds you mention are
of the highest grade. All are first
mortgages and are legal for trust
funds in New York State. There is
practically no preference.
Would Exchange B. R. T. Stock
Question?I hold 400 Brooklyn Rapid
Transit. Would you advise changing to
Interborough 4%s, which aro a.-l?iig at
about the same price? R. P.
Answer?The traction situation in
greater New York is so unsettled that
it would be mere speculation to ex?
change your Brooklyn Rapid Transit
stock for Interborough Metropolitan
bonds. It would appear perhaps that
the situation had been rather well dis?
counted, yet in our opinion it is about
six of one and .half dozen of the other.
Third Avenue 4 Per Cent Bonds
Question?Let me know through your
column what you think of tue Third Ave?
nue 4 per cent bonds as an investment.
A. E. S.
Answer?The traction situation in
New York is still so uncertain that it ;
is difficult to forecast the future. It I
seems to us, however, that perhaps the
worst features of the situation have
been fairly well discounted by the low
prices of the securities. While Third
Avenue 4 per, cent bonds are not high
grade, to us they appear to ofTer very
fair speculative possibilities. We do
not, however, recommend them for in?
vestment.
Goodrich Preferred Stock
Question?Please give me your kind' ad?
vice regarding an Investment of $500. I
want to buy B. P. Goodrich preferred. Is
it a safe buy ??S. J, S.
Answer?The B. P. Goodrich Com?
pany, one of the largest manufacturers
of tires in the country, has outstand?
ing $30,000.000 7 per cent notes, due
1925; $37,812,000 7 per cent cumulative
preferred stock and 600,000 shares com?
mon stock. Dividends of $6 a share
are now being paid on tho last named.
The average earnings for seven and
three-quarters years have shown 34.-13
per cent earned on the preferred and
13.65 per cent on the common. Based
upon these figures, the preferred stock
is entitled to a fair rating.
Southern Preferred for a Business Man
Question?Kindly Inform me your opin?
ion of Southern Railway preferred us a
permanent Investment.?C. A. C.
Answer?For a business man who
keeps in touch with affairs Southern
Railway preferred stock perhaps offers
attractive speculative investment op?
portunities. Wo do not advise placing
a large part of one's principal in the
stock. The road is said to be operating
better at present and with the new
rates sh'ould show further improve?
ment.
Liberty Bonds for Wage-Earner
. Question?Am a wage-earner and hav
$2,000 in the savings bank. Would likw t.
invest this amount so that I can receive i
higher rate of interest and the same se
curlty of safety as in the savings bank
What would be the better Investment fo
me?whore I can get my money any tim
I want It?buying Liberty bones or flrat
mortgage real estate bonds??A. G.
Answer?If you purchase Liberty
bonds you not only get better interest
than you now receive in the bank, but
you buy tho best security in the world.
They are always easily salable, and the
price is low enough to attract any one
with foresight
Demands Safety of Principal
Question?-l Intend fo invest several thou?
sand dollars and wish to put part of it In
bonds or good notes. I havo been advised
to purchase Armour & Co. 7s. also the
now Morris & Co. notes Juat being offered
for aubscriptlon. Do you think these notes
would hold their own In a bad market'.'
Is there any possibility of their fluctuating
very much? Please recommend a few
bonds in the investment class, either rails
or Industrials, well secured, as I cannot
sfTord to lose any of my principal in
speculative bonds. Same to have as high a.
yield as is compatible with safety. Would
you recommend the purchase of Swift &
Co., Swift International or Libby stocks at
present levels??H. H. K
Answer?Both Armour notes and |
Morris & Co. notes are entitled to good
ratings. Practically no seturity is ex?
empt from a slump in a bad market.
That should not worry you ur.ne:e3-1
sarily if you feel confident of the se
curlty. The following bonds offer at- j
tractive investments, in our opinion:
American Telephone 5 per cent, 1946; I
Illinois Steel 4,ft per cent, 1940; Illi?
nois Central 4 per cent, 1952; New
York Dock first 4 per cent, 1951; Atchi
son adjustment 4 per cent," 1995; New
York Telephone 4ft per cent, 1939;
Wabash first 5 per cent, 1939; Denver
& Rio Grande first 4 per cent, 1936.
All these issues are well secured and
yield from 6 per cent to over 1ft per
cent. We do not recommend the atock3
you mention for investment.
Four full column? of in
vestment questions and em.
steers arts published in The
Tribune every Sunday.
FAMILIARITY
WITH
TRADE * CONDITIONS
Customers of The National Park
Bank derive the benefit of our
familiarity with current industrial
and trade conditions. To them
as well as to us this is a tangible
?asset, as helpful and concrete as
our resources and banking
facilities.
Through constant contact with
merchants, manufacturers, and
commercial men, we are ac?
quainted with present* problems
of production and transportation?
True to its course for over half a
century?a merchants* bank built
on the nation's commerce.
Advance in Cotton
On Weather Report
JFollowed by Drop
Market Goses Steady After
Violent Fluctuations on
Crop Situation and Real?
izing as Result of Rise
The big advance of Tuesday morn?
ing was followed by violent, fluctuations
in the ctotton market yesterday. After
selling up to 27.40 early, October ad?
vanced to- 28.50, making new high
ground for the movement and a re?
covery of 3c a pound from the low
records of last week. Reactions fol
? lowed with that delivery, closing at
I 27.95, or 5 points net higher, while
later months were 2 to 25 points net
lower, with the final tor?.?? steady.
The day's advances reflected increas?
ing anxiety over the new crop progress,
owing to the continued unfavorable
weather in the belt and the bullish
weekly r?*port of the Weather Bureau,
while the first ginning returns of the
? season furnished additional evidence
of a late crop in all sections but the
I extreme Southwest. Tht-re were also
! reports of a slightly better trade de
; mand and a firmer spot basis, but
'? hedge selling was in evidenc? from
time to time during the ?lay and the
market was rather unsettled in the
late trading.
The opening was steady at an ad?
vance of 5 points on October, but gen?
erally 5 to 10 points lower, and the
early break carried prices 50 to 60
points below Tuesday's final figtire3.
Recent buyers for a reaction seemed
to be liquidating and there was con?
siderable Southern selling, but after
the early offerings had been absorbed
the market turned firmer on renewed
covering. This was promoted by the
showing of the weather map and the
weekly report, which read more bullish
than expected, and the advance was
not checked until active months were
47 to 6;> points above the previous day's
close. The demand from shorts thep
tripcred ott. and th?>re was realizing
which was responsible for closing re?
actions.
Private cables attributed an early
advance in Liverpool to covering on
unfavorable crop reports and the later
decline to liquidation and hedge sell?
ing.
The census report showed 367,241
bales ginne?! prior to S'.'ptemb'T 1.
against 142,625 last year and 1.03S.678
two years ago. The ginning in Texas
was moderately full, hut the returns
for other states were ail light, except
in the case of California.
Southern spot markets, as officially
reported, were generally 50 points
higher to 50'points lower, with Houston
reporting sales of over 12,000 bales on
the basis of 20.50 for middling. j
The N?w York market for spot cot?
ton ~vas quiet and 50 points lower, at
31.75 for middling. No sales were re?
ported. |
The rar.^e of prices follows:
Southern Spot Miirkets-?>7ew Orleans,
steady, 50 points higtvr, 29.25; sales, 406.
Galveston, st???ffly, unchanged, 30.00; sales,
S00 bal^s. Mobile, nominal, 50 points high?
er, 2il.no; sales nil. Savanah, steady, un
chantM; s:?lrf?. 37. Baltimore, nominal.
100 points higher. 30.B0; sales nil. Augus.
ta, quiet, "?< points higher, 29.3S; rales,
102. Memphis, nominal, unchanged, 32.?10;
inles, 60. St. T.ouis. str'ti'iy, unchanged,
33.00; sales nil. Houston, steady, 50
points lower, 2?.30; sales, 12.248. T.ittle
Rock, quiet, unchanged, 30.00; sales nil.
Dallas, steady, 15 points lower, 23.55;
sales, 1,703.
COTTON .STATISTICS
Tester- Last Last
day Wofl? Year
Port receipt? .. 10.019 ?",,054 10.030
Exports . 710 1.391 23.933
Exports season. Ifl.f 16 151.101 591,402
N. Y. stocks .- 29.4S9 27.753 85.129
PorOFtock.s ... 741,937 712.ROD 79H.335
Interior receipts lO.Ono C.500 S.noo
do shipments 5,000 5.500 20.o??o
X. Y. arrivals....- 2.107! -
Liverpool cables?Spot cotton in mod. rate ?
demand, at 5 1 poirrts ??Ivanen; middling
21.97(1. Sales 0.000 bales, inchnling 5.000 j
American. No Import?". Futures opened :
steaily, at IS to 23 p.ants advance, and
closed quiet, at a net cl.-eline of 10 to 23
points. October, c!'?s^?i 19.5!d; December,1
IS.Old; January. 18.R0d; March, 18 32;
May, 17.971. Manchester yarns quiet;
cloth? firmer.
Cottonseed Oil
The market was inoro activo with total
sales for tho day amounting to 17,900
barrels. Interest appeared to be broaden?
ing, but orders were ?mite evenly divided
and consequently prie?- changes were
narrow ami the clone being 2 points net
lower to 5 points higher,
Firmness in bird had a temiiyiey to hold
values, although weaker cables from the
United Kingdom discouraged v?tj' aggres?
sive op. rations on the buying side and
wer? looked upon as a poor indication of
tut pre export business.
Tho rairge of prices follows:
Tuesday's
Open. High. Low. Close. close..
Spot...-?? -y? 13.00?'13.60 12.75
?Sept... - ?? y- 13.00ftT13.15 18.00
Oct.... 18.11 13.3? 13.11 13. IS ? 18.10 1S.?0
Nov_ 18.15 1&.20 13.10 13.20iiM3.31 13.15
Dec... 13.30 18.35 13.28 13.25013.3S 13.80
Jan.... 18.85 13.85 11.36 1S.80O1S.S6 1S.3S
yob.....- 1S.S?913.3? 1S.S6
Chesapeake & Ohio
AMONG the low-priced
rails that will be bene?
fited materially by the in?
creased freight and passenger
?rates, ?the Chesapeake & Ohio
Railway stands out promir
nently. Under the new schedj
ule it is estimated that Ches?
apeake & Ohio will have
? earnings of over $13,850,000
balance available for the com?
mon stock, a sum equivalent
to over $20 a share or around
20% or more at current levels.
'THESE earnings compare
with present dividend re?
quirements of $4 yearly and
earnings of $9.19 per share
for the preceding year. The
earnings for 1918 were $7.70
per share.
THE current number of ear
Market Review contains
an analysis of the condition?
surrounding Chesapeake ?ft
Ohio, its commercial oppor?
tunities under the new legis?
lation, and its financial and
business position from the
standpoint of the investor.
Senf on request for K-tlt
HUGHES &DIER
Stocks? BonaU?Grata
fPhlla. Stock Exchange
? . J Pitts. Stock Exchange
Member? 1 Chicago Board of Trad?
IN. Y. Produce Ewhang?
42 New St., New York
Telephon? Broad 6140.
Fifth Avenue Ofrtea
SO? Fifth Ave. Tel. Vandtsrbllt Ht?
Harlem Office
67 W. 125th St. Tel. Harlem Silt
Philadelphia, 143S Walnut St
Pittsburgh, Arrott Building
Cleveland, 423 Euclid Ana.
Regarding the
Magazine of Wall Street
In their September 4th issue, recently published, this
Magazine of Wall Street prints an article against this
agency containing charges which we deny absolutely.
We will be glad to relate the facts to any one who is
interested, and in the meantime propose to fake the only
means of redress which the law allows.
RUDOLPH GUENTHER RUSSELL LAW, Inc.
September S, 1920.
March. 18.35 18.40 13.35 13.S9@13.40 13.40
April... - - - 13.40?13.50 13.35
Raw Sugar Spot Price
Established by Sale
Current prices Yr. ago
Sugar gran,, lb.15 ?17.10 9
Coffee, Klo, No. 7. 8'i 18-%
Coffee, Santos. No. 7.. .22% @23",? 27 %
The spot price of raw sugar was es?
tablished yesterday by a sale of full
duty sugars to a lo*al refiner, the
transaction being ?.200 tons of Perus,
in port, to tho Federal Sugar Refining
Company, at ?P,?c c.i.f.. equal to 9?ic
c and f for Cubas, or 10.78c duty paid.
At the close of the day it might have
been possible to buy Porto Ricos at
the equivalent of 9V?c c.i.f. for full
duty; or at 10.78c c.i.f., but buyers
vvere showing no further interest. No
change was reported in refined sugar,
the demand continuing dull.
Receipts of raw sugar at United
States Atlantic ports for the weelc de?
creased sharply, being 36,839 tons,
compared with 60,350 the previous
week. Meltings also decrease?! to 54,
000 tons, against 67,000 a week ago.
Sugar Fut?n"es?The sugar futures mar?
ket was again dull ami business limited
to a few scattered transactions, the market
?.losing 5 points net tower to 10 point?
net higher, the relative strength being
shown in near months.
The range of prices follows:
Tuesday's j
Open. High. Low. Close. close.
Sept...-10.15 f??l 0.55 10.201
'let_ - - - 10.15ffV1O.25 10(15'
Nov_ 10.20 10.20 10.15 1 0.1 5 ? '. 0.20 10.05 |
Dec... 10.05 10.05 10.05 lO.Oofr'lO.lO 10.05
Jan....--j- 9.S0tW 9.90 9.86
Feb_ 9.75 9.75 9.75 9.70?' 9.75 9.75
March.. 9.75 9.75 9.75 9.700 9 75 9.75
April... ?'?? - - 9.70? 9.75 9.75
May.... - - - 9.70? 9.75 9.75
TofTem Futures?Yesterday's coffee mar?
ket was reactionary. Call prices were
4 to 5 points higher, with little coffee for
sale, and the few buying orders which ap?
peared from time to time easily advanced
prices until midday found the market
10 to 21 polnes net higher. There was
considerable switching of September to
later months at widening differences.
After the noon hour and right up to the
rloxe values took a sharp setback on re?
ports from Brasil that firm offers were
lower, Brazilian intercuts, local trade firms
t?nd BJurope becoming actlvq on the wil?
ing, side, help.'d alan? by offerings from
the bear crowd. Final prtces were 6 to 15
points net lower.
In tho cost and freight market Brasil
Is finding It difficult to ?ell coffee. t&urope
1? not in a financial'position to tniv any
great amount of coffee, and Importers
tare showing Indifference to offers, owing
to the financial situation here.
While ?the local ?pot deraaad wm ?aid
to show ttBprov*m*ct tfec amsuat ?| tad?
ne?s continues to be limited from ??7 *
day.
The range of price? follows:
Tom6?/*
Open. High. Low. Close. eW*
Sept... ?.07 S.12 7.92 7.P0??> 7.?? M*
Oct- - - - g. 10 0 8.15 ?41
Nov- - s.27?J 8.?? M?
I>ec- 8.50 8.70 8.34 J>.'S<?* 8.47 Ml
Jan- - - .- SCO? 8.6? I.]}
Feh- - 8.SOii 8.8? ???
March.. 9.20 9.31 9.00 8.99? 9.0a ?J;
April...- - 9.09 ?? ?.10 ?.?
May- 9.35 9.50 9.20 9.19? 9.2? ??{?
Juni.-...-9.29gtf 9.3? M*
July... 9.66 9.66 9.66 9.S6???.4? ?ff
Aug... -. .- - 9.44? M* M?
?utter, Cheese and Eggt
Bnrter? Receipts "'were 10.648 P**?*M?J
Creamery, higher than extras, lb, U9
B9%c; extras. 92 score, 68 if 58He; ??a
90 to 91 score, 54?57c; ti.-sts. 88 t? ??
score. ?2?53c; seconda. 83 to 87 ?eg?>
4714 <?? Die ; lower grades, 45@46c: D*a??
casks, 53@r,?c; unsalted, higher thaa ?*>
tras. 62?f62Vic; extras, 616 ilHc; 3*f?
M?60c; seconda. 49?53c; state dairy t?J*
finest. 56%?67?-ic; goad io prime, .?9**h
common to fair, 45?51c; ladles, CiWJf
mHke, firsts, 43? 43 He; ?econd?, >??*
40Hc; lower grades. 38?3?Jc; P******
stock, current make. No. 1. tttfttW*
No. 2, 3yc; lower grades, 36?3Sc
Ctteeset?Receipts, 2,085 boxe?. W*
whole milk, fresh flata, colored, ME
39c; whites, 2?H?29c; average rvn. tm?
or colored. 27?2?c; lower grades, fg
25Hc; twins, iresh ?pedals, S?*-???
average run, whlto or colored. **55
-'4c; lower g-adoB. 20Sf25c; Wiae?"?"*?
specials. 16H?17Hc; prime to enow?..?5
?WlSc; fair tu. goud, i:?14tic; %*?**.
grades, 6? 10c.
Kgg*s?Receipts were 24,824 case* f*W
gather* d. extras, dozen. fi2?;63c; extra?W**
59 it 61c; ilrats. 65?57c. seconds, MjHff
dirties. No. 1, 44?4Cc; check?, fair to ?**S<
dry, -ilt?43e; refrigerator, special testtA
fancy, 54?64Hc: ilrets, 51?53c; ?eee?*Sj
?iOc; state, Pvnsyjvanla and nearby W*f
em hennery white?, extras. 76t>7*o;
nrsts. 71 ?76c; flrsts. ??tf'tk-; gat
white?, tlret? to extra flrst?. ?6?T4oJ<_
?rades, 62?*Sc; Pacific Co??t whit?, ?WSJ
7e@77e; extra flrata. 71 ?75c; Art?. f"L
.Oc; under grades, 58fi>?5e: other WfHB
and Southern, gathered whites. M?*J*
?t?te, Pennsylvania and nearby w?
hennery browns, extras. 65?70e: ?*?*
brtjwn and mixed color?*- graded ?W-__
62?63c; flrsts to extra, flrata. SS^Il^^iS?
CHANGE OF NAME
CHANGE OF TBSSeX^ ?25S9
l'nlt*d States Customs Servit*. ~?
V'tJlectio? District No. 10, Port tW
?. , New Tork. "j
Notice I? hereby given that vind?*?r.*
act of Fob. 19, 19S0. and in punrtjat??]
authority granted by th? Comml?rt?SS"^
?&Xi?,u,*n> on th? application ??
?HEW OI.SBN. the name of th? '
?crew DON JUAN DB AUSTRIA.J
?67 groa? \on?, official number MM1
boon changed to ?BWBT.
BTRON R,

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New-York tribune. [volume], September 09, 1920, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924