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7 7 -??Wbu: Phone?, Rector 5000 Josephthal & C?. 120 Broadway, Mew York ?j Members Neo.o York Stock Exchange Foreign Government Bonds Private Wires to Principal Cities .I.K.Rice Jr. & Co.Buy & Sell Air Hril.t.-tion Amer. ( >...i?i__lri Com. * Pfd. < i'llDloiil l..m]i|.tl) ( liu, till, ill Coal < oli.ruiti. I'uel ? Iron Pfd. l???l.. Laek. * Went. Coal !-_4ji-ltal>le 'l'ru-t I.. >lo?k (.r.ai Aiucrleuii In-?. II. \V. .lohnft.Mrwivllle Com. * Pfd. Kiel?.. I.millier < udi. A I'ftl. J ?-?,___:?. Vulle> i oui Salo? iridia l-Ot-OHiotivf Com. A Pfd. Nu?. < it? Rank "Ri_flit?i" .Neu Vorl. State Kyi-. Com., I'M. * 4'At? Matura lusuraiKr St oik KolM-Koyc? I'td. >ovri_!?. \nij? ?ml Pfd. f?eii Svn Chiclet <>? ??plltilort Klee, (.a. & Pf*. Mutt? ltiiiikSliK'W J.K.Rice,Jr.&C*. Phene? ?HI to 4S1S Jahn. St Wall St.. J?. T. Guaranty Trust Co. Bankers Trust Co. National City Bank Rights McCLURS, JONES &REED Member? New York Stock Kxohano* 110 liroa.iwtir Phone S.1?1 Reetor Maxwell-Chalmers Merger Plan Now Ready for Adoption Committee Including Stock? holders, Creditors, Bank? ers Approves Scheme ; Details Are Withheld --X A plan of reorganisation of the Max? well Motor Ompany and the Chalmers Motor Corporation, by which $15.000,000 tf new money will be realized, has l>een agreed upon by all the important interests of both companies, including New'York, Chicago and Philadelphia banking interests, the large stockhold? er.: and the committee* representing banking and merchandise cre?litors. Merger of the Maxwell and Chalmers properties will be elfected by the or? ganization of a new company which will have an ?authorized capital of 1,000,000 phares, of which _.<H),00.i phares is to be Class A stock and .?00,000 shares Class B stock, (if the total it is estimated that there Will 1 r> presently issued 153,000 shares of Class A s:ock and 020,179 of the Clas?? F- shares. The ("las'- A stock is to have 3 ricrity over the. Class 13 stock, both as to assets ainl non-cumulative divi? dends up to $? per share and with the right to participate with Ci?is h stock in dividends ir. any fiscal year after dividends of $8 a share have lx-?.n paid ?.-. Class A stock and Class I. stock. The $15,000,000 of new woiking cap? ital is assured th rough a syndicate wTich has agrt'.d to purchase Classes A and ft stock, with the right on the?part of the depositing stockholders of the existing companies to purchase all or any part of the new stock on the same terms offered to the underwriters. It was announced that the syndicate un? derwriter? will receive no commission or other compensation for their serv? ices. The plan of reorganization, it was a.so announced, provides for a new management, but no mention was made ir. yesterday's announcement of the personnel of the new interests that will go ?with the company, ? ?? -?? , Central of N. J. Report Net Income Equal to $18.57 a Share in 1919 The Central Railroad? of New Jersey reported yesterday for the year ended December 81, 1919, net corporate in* come of $5,095,625, equivalent to $18.57 a shar? on the $27436,800 capital stock. Excluding $935,230, included as 10 per 17.1.. 0f tbc ???tet*\ compensation, which was unpaid in 1918, the surplus for the stock last year was equivalent to 515.16 a share, compared with $13 18 ft share ??aimed in 1918. Crediting 15118 inroine with the 10 per cent unpaid compensation -would bring earnings for that year up to $16.54 a share on the stock. Total operating revenues of $9,352, f<U were disclosed by the Federnl ?in? come account, _i_.a:.:it $44,790,670 in 3'->lX. After allowing for the operating expensra^cf $40,273,951, $2,763,901 for taxes, $179 uncollectible revenue and $1,170,426 other income, there remained a gross income of $..',973.697. Interest, rentals, etc., absorbed 3o7*:,713, leaving a net inco.ne cf $2,293,984, compared with $7,7?.",^?-2 reported in 1918. New York Meta! Market On the New York MHal Exchange tin was dull, with Clas* A quoted il 4i,c asked, Cia'S E 42.50(?.43c and Straits shipments 4?^ 45c, with sales of 25 toni <>ctober-N'ovemher ship? ments from Straits at 44.f,i.c. Cop? per dull; spot 18.25c; September, lS.t7%C and October, IK.50c, all asked. Lead easy. New York, spot, Kc, ami East St. ..?nix, spot, 7.75c. Zinc quiet; New York, spot, ?c, and East ?St. Louis', ?pot, 7.75c. London metal prices follow: Lead ?pot ?.'.4 17? C'i and futur?-? ?35. 7.:iu *yc\ ?40 17s 6d and futures i'40 lu<. T.n standard spot i'2C8 15s and future? ?274, with saies of li.o tons ?pot and .'00 tons futures. Copper ?tar, dard ?pot ?95 J5? and future? t\V\ 5s, with sale of 4&0 ton? futures, and elec? trolytic spot ?112 and futures ?118. Record August Panama Traffic WA9HIMGT0N, Sept. 24.? A new r<M.ord for a month's traffic through th? Panama Canul whs ?stab.??hei. in August, when '?*A ?r_nm?rciiU ._!..{<? passed through th? ea.?Ml, carrying _,-? 046,740 JMtns oi cargo, according to r# "'^*\y*A \*%* to-4ay. T?U? ?toi-? Decline in Stocks Is More Orderly; Partially Checked Liquidation Continues on Pi? minishctl Scale; Strength of Bond Market Stands Out in Bold Contrast The first impact on the stock mar- ! ket of the important reductions in com- , modify prices was absorbed by reces? sions in the quotations on industrial securities earlier in the week. Consc- , ?juently fluctuations were more orderly ; yesterday, despite the momentum gath- ! ere?i by fresh developments and by the ' focussing of public attention on the trend in industry. The liquidation continued, but to a substantially diminished extent. The weakness was for ?he most part lo? calized, and stocks that were especially vulnerable sujfered. The indiserijni- ; nate selling of industrial stocks was at least temporarily halted. The mo- ; tor and accessory stocks, the coppers and at times the securities of food companies were the objectives df bear- ? ish attack, and they yielded most in a market that was by far the most quiet of the week. The unusually lung list ; of stocks dealt in, however, indicated that scattered holders .of lon_ stocks ' had been frightened by the latest se- ! rie? of j?riee r?ductions and were rush- j i ing to get out of the market. Against the irregular, uncertain, ? largely professional speculative mar- : [ ket in stocks th?> investment market stood in sharp contrast. The active ; buying of bonds, varying from the gilt edged to the most speculative, which | h.is been impressive all week, yester- ] day carried the upward movement still further. The Various Liberty bond is? sues were bougnt with especial avidity I and gained a point each on the aver- ; 1 age for the day and two points for the i week. The upward movement is at I tributed partly to a ^realization that ? the current high money rates and con- j sequently the present low quotations) on high-grade investments- are not j permanent, and partly, ulso to a desire on the part of large groups of per sons whose speculations have proved I disappointing to lay stress on the safe- ; j ty of their principal. Many of the I ! out-of-town banks have reported that ' I their purchases of Liberty bonds have | ! exceeded their *flles for soriie time. | | Investment bankers h?ve long contend- i ; ed that recession ttginduntry would be ! ? helpful to outstanenng bonds by re- j ? leasing the' demand for money, so the ; ? improvement in the bond market, de- ; I spite the news coming out of indus- ? i try, is not anomalous. x The virus of price cutting profound- ; I ly affected speculators in commodities. ? The real financial thrill of the day , originated in the wheat markets, where ! I prices declined from ll'_ to 12 cents j a bushe!, despite the placing of un- j I usually large foreign orders. Without ?? | the support from abroad observer*, j { wondereti how far the ?mash would ' | have carried quotations. As a direct, | result of the break in wheat corn' i prices again slumped, losing another ! two cents to the bushel. Similar in- : ! fluences dominating cotton traders and : i prices for the staple of the t?outh i 1 slumped from 65 to 1*0 points. Bankers who try to take a long view : ! of the situation, instead of merely the I effect of important events on quota ; tions five minutes later, were inclined i yesterday to describe the convergence ! of price readjustment0 as healthful. They characterized prices that have | .prevailed as artificial and welcome, a ? return to a more economically sound: basis, even though the adjustment is j I certain to be more or less painfuk. i " * ~~ j Money and Credit The call money market; was un? changed yesterday, with th?' rate 7 per cent. There was talk earlier in the ?lay that the rate might work higher, but offerings were sufficient to j cover the demand. J Yester- Year: day. ago. ;On mixed coll ate ri al... 7 6 : On industrial eollaterial 7 6 . Time monev (mixed collateral'): . Sixty ?iuvs .S-vS1. 5*.?? I Ninety days ....S'uS1. 5%@6 Four months .R?V8Vi B%(?/!6 Four to six months. . B<ti S 's & *>* 6 P ? Bank Clearings ?Bank clearings at ; Ntw York yesterday were: Exchanges, i 1683,553,641; balances, $63,584,316. Silver?London, 59a?id; New Y'ork, . domestic bar, 9fi2?e; foreign, 93c; ; Mexican dollars, 71c. Sub-Treasury?United States fund ; reserve credit balances, $60,$76,475. Canadian Exchange?New York ftinds in Montreal, $10?. 75 premium per $1,000. Montreal funds in New Y'ork, $98.08 discount per $1,000. Hie Dollar in Foreign Exchange An easier tendency was displayed in th? foreign eschahr? market yesterday with demand sterling closing at $3.47, ?ff nearly a cant to the pound. Franca I also closed lower, while the Scandi | navian exchanges continued under j pressure. German marks were firm. (Quoted in dollars to the pound.) Yester- Week ? dav. ago. : Sterling, demand .$3.47 $3.5075 ?Sterling, cables .3.4775 3.5150 j Sterling, sixty days... S.43 3.4764 Sterling, ninety days.. 3,41 3.4475 (Quoted in cents to the unit.) Francs, checks . 6.67 6.6750 Francs, cables . 6.68 6.6850 Belgium, francs, checks 7.04 7.14 Bi.gium, frarres, cables 7.05 7.15 Lire, checks . 4.18 4..'i4 Lire, cables . 4.1t) .4.35 Swiss, francs, checks.. 16.10 16.37 Swiss, francs, cables... 16.13 10.40 Marks, cheeks . 1.55 1.85 Marks, cables .... 1.65 1.85 (aiiilders, checks .'. 80.875 81.875 (iuilders, cables . 31.00 31.50 Austrian, crowns, cks... .44 .4?. Austrian, crowns, cbls.. .44 .43 Sweien, che-ks . 39.i?5 20.30 Sweden, fables . 20.05 20.40 Denmark, checks . 13.05 14.15 Denmark, cables . l'i.70 14 20 Norway, checks . 13.35 14.20 Norway, cable? . 13.40 14.25 Pesetas, cheeks . 14.65 14.68 Pesetas, cables . 14.7a 14.72 Greece, chucks . 30.50 10.75 .Greece, cables . 10.60 10.S2 Manila, cheeks . 46.30 46.25 Manila, cables . 47.00 46.75 India, rupees, checks... 33.00 33.25 In"", rupfe, cables.,, 33.23 33.30 Japan, yen, checks.... 51.25 51.125 Japan, yen, cables. 61.50 51.375 .Argentina, checks .: 84.375 84.00 Argentina, cable? . 84.625 84.25 Kra7.il, Itio, checks. 17.625 17.75 Hrar.il, Rio, cable?. 17.73 37^ freeho-Slovakia, checks 1.30 1.62 Czecho-Slovakla, cables 3.30 1.62 Dividends , Extra Torn rroAart? Refining Company ~ ?.n ; ?xtru, dividend of Su cents a share bu.? been declared, )r? addition to th? cgulur quarterly di.ld<nd ut ?1.7& a flisr? on thr ', preferred: ??ira payabl? October '?0 to ' ?tmHuuMer* of r*i:.aifl ?yctobur 1 ?n<l r.g- ? uiur payable Uctober it to ?tockhuia?? of! ifnaid October ?. R?_ulur Declarations P?- I'njr- Holdtn ? Rat?? rtiad K?-!s of rei. Albert Ffck Co. i - N*ov 1 <j.u ?? I I'dTllor Tin Fou Cf,.iOr --- Oft IS <<ct 1 Colt? Textile t*e....7?o q ?- t it, ?et & Utti'A tit ?) 8. Sty <| ?Oet 1 M?.'t %% \ '. u i'. n?i*?h ?v? r>f,, i\n Oe< i ?;-,it :!t. Vnriiim? f'l I,** C pf tS n Sav I Oot 1R ' M?m'ho?i>r Tr " l?-l', '.'. ?4 < ?et ' 11, ? ?et 1 Mut ?k if, mer'A. t.e. % ? q bet j H?vt ?R Transactions Yesterday in Listed Stodks Summary of Stock Exchange Dealings (Copyrieht, JS20, New York Tribune Inc.) Day Tea? January 1 te ?late. Yesterday. Wore. aro- 1920? 1919- .1918. Railroad stocks . 314.9C0 371.100 269.600 31.423,800 45,688,600 22,304.300 Other atocle? . 288.800 663.500 6?8.200 132,697,500 173.644,500 75,836,90o AI! s?oc_u . 603,700 934,600 897,800 164,111,300 219,333,100 98,141,200 Ywterday. Day before. Year aso. 1920. . 1919. U. S. royernment bonds.$10,981,000 $9,734,000 $8,532,000 $2,173,102,000 $1,293,622,000 '. Kailroad bond? . 1,164.000 1,916.000 979.000 294.616,000 271.514,000 Other bond? . 3.902,000 4.348.GOO 1,218.000 269,163,000 280,163.000 All bond? . 16,047,000 15,9??.,0O0 10,77'J.OuO 2,736,8ai,QO0 2.345,299,600 : Record of Stock and Bond Average? (Copyright, 1920,' New York Tribune Inc.) Stocks Range .has Range fall Y?r?t?r- Bay Year far 1920. year 191?. day. before. age. High. Low. High. Law. 20 Railroad stocks . 69.15 69.15 63.20 69.25 63.60 78.80 68.35 30 IndnstrisI ?ticks . 86.?3 86.87 109.03 110.30 82.53 119.38 79.20 60 Stock? . 79.58 79.78 92.30 92.05 74.46 99.54 75.92 Bonds 10 Railroad bonds . 74.68 74.35 76.53 78.23 68.73 82.80 72.83 10 industrial bonds . 83.85 83.68 93.46 91.45 82.92 95.70 90.56 5 X tility bonds . 69.88 69.80 79.46 74.53 67.64 87.75 71.80 25 Bond? . 77.38 77.16 83.89 81.71 73.94 87.91 80.21 Low. D?t. 1920. Rate, 25 ? 44 6 1 ? 28 59% -r Hieb. 1920. 46 88% 2% 53% 62'g 95 128% 90 61% 101 147?4 86 15'/, 176 20% 122 119''.. 14? "2 95 99% 10?1.. 107. 17% 30% 100? 4 50 106% 105 100% 28.: 21C 97% 160' __ 105? 2 61% 66% 18 6% 6/'* 75 % 86'2 82 11% 176% 128% 10 Balea. Open. 100 36% 20' 114 148? 2 45 S2% 153 32'i 10?% 114 02 15 129 11?/, 291/4 27 % 28^? 86' 2 46 134 104% 64'/? 164% f / 13/4 ?C 13 15% 13% 30% 42' 2 61'? !-l? a 120 ?4 41% 80'a fc9 68 21' .1 44'4 40% 34% 52 65' s 92% 67 80 93 Vs 20% 97% 14% 10BI/4 107 46% 48% Adam.? Expresa .. AJax Rubber . 1000 Alaska Gold Mine?.. 200 AllH-Chalmer? . 200 Allied Chem . 1400 75 8 Amer Apr Cheto.,.. 100 79 10 Amer Bosch Mat ... 400 86 7 Amer Bk Sh Kdy pf. 100 30% ? Araer Con . 1000 87 7 do p?. 300 124% 12 Amer Or A Kdy_ 600 61 6 Amer Cotton Oil pf. 300 9% .80 Amer Drue Synd . . . 700 95 6 Amer Express . 600 12 ~- Amer Hide A Leath. 1000 65' -, 7 do pf. 1000 64'2 6 Amer lut Corp. 2100 ?' 2 1 Am'T La France. 100 61', 4 3 American Linieed .. 100 30 7 do pf. 200 82 6 Ami-r Locomotive... 200C 9b% 7 do pf.; 11?>.s ? Am Safety Razor. 16% ? Am .Vhip A Com. 52% 4 Amer Smelting . 88 7 do pf. 33'g 3 Amer Steel Fdry. 74% 10 Am Sumatra Tob. 80 7 do pf . 92'.? 8 Am ?rleg A Tel. 104'4 12 Amir Tobarro ... 102 12 do l; . 200 131% ?.?.'4 6 do pf new. 2200 90% ,'2% 7 Amer Woolen . 2000 77% 91 '-4 7 do pf. 100 93 38 ? Am Writ Caper jrf. . 1300 57! _? 49? ? 4 Anucunda . 5100 53 ' 7 ? Ann Harbor . 100 18 2 ? A.<u?e_.. Real Co. 400 2% 25 4 Associated Dry (id?.. 100 27 60 7 do 2d pf. 200 50 76 6 Atrh, 'lop A San Fe 1000 84'/.. 72 5 do pf. 200 76% 4 ? Atl, Birm A All_ 36O0 10% Atl, Golf A W 1. 2200 149 Atlantic Fruit . 1400 20 7 Athntic Rep pf. 100 108 7 Baldwin Iroc? Co_ 8100 110 ? Ballimo-e A Ohio_ 5100 43'/ 4 do pf. 10OO 51 132% 133% 63','2 70 9% 9% 146 148 11% 12 ? 100 100% 100'4 100'4 100' 4 1000 15'. a 15'4 14% 14% 1000 18% 19 1834 19 - 400 60 60' 2 59'i? 60% 200 90", 90! 8 90 '90 - 6U0 37 37 36'4 36%' 2800 89 89% 86% 87 - 200 88 88 88 88 - 400 98 98 97% 97% 90% % 134'2 134% 132 -f32' 2 90% 91% 18 103 100 27% 40' -, 114 10 ?8 104 ?8 6% 84 6% ? 16 ? 10 ? 10' \ ? 62% 6 22% ? 110 10 44% - 33% 4 77% 10 47 4 6 ? 12 ? 4 ? Barrett Company ... 400 134% 134!'. Beth Motor? . 200 5% 5% do Class B. 2100 72% 73% do 8% pf. Bklyn Vnion Gas... Booth Fisheries Co. . Burn? Bro? . Butte Cup A Zinc. . Batte A Sup Cop.. Butterick Co . Caddo Oil .... ?_,?. Calif Tacking .... Calif Petrol ........ Canadian Pacific Central Leather . . . Cerro de Pasco. . . . Chandler Motor? .. . Chesnpei-fce & Ohio. Chlcai? A Alton... do pf. Chic A Kant III. 100 106 100 48 3100 12O/4 120% 120 4100 45% 46 44', 100 41 . 41 41 3100 78% 79''2 77' 100O 66% 66% 65' 2100 11% 13% 11' 200 19 20 19 900 12' 2 13 12' 1% a ? do-pf. 4400 30' 4 ? 24% 30% 20 46 19% 78% 50 65% 73% 9 ? 74% 10'/, 76'/? 100 25 30 27?' 2 1 100 59% fc5% ? 1C5 260' j ? 16% 13 5% Vi 67% 28 147 104 21 ru 2?% 22% 95 44% 135 48 36% 1?% 77% 172 42 89% 85' -4. ee% 102% F5' ?> 1 84% 41% 15 34 20'2 1 /% 116% 71 231/4 27 88 61% 4% 1?% 51% 111% f.4 71 91% 26% ?% 47'4 61% 7' 4 21% 44! 4' 23 49% 152% 1C5 33% 48'j 156 91% 17 35</4 38% 50 110% 3C ?3 183% 112% 64% 62% 30% 38 131% ?22 26 71% 62% 18% 80 11 18 31% SO ?w 91'% 32% 75! _; S.".' 4 165 ?% 3 ? 7 ? 40 2 18 ? 62 6 92 7 ?% ? 17% - 12% ? Chic (it Western_ 3000 13 13*. do pf. 3300 .30% ao-i. Chic, Mil ft St Paul. 7600 38% 39?, du pf. ?900 59 54'. Chic A Northw'n.... 1000 74 74' do pf. 100 106 106 Chi, Kuck Is I & Pac. 4100 39% 39*j do 7% pf. 400 80 80': 1I0 6 ".pf. 1000 69 69 C, C C, C A St L pf. 200 67 67 Chile Copper . 1700 14% 14'; Chino Con Cop _ 1000 27% 27' Coca-Cola . 1200 32% 33.. Col A South. 5100 303-4 344, do 1st pf. 100 52 52 Columbia t.raph _ 1800 2T% 21'. ? do pf. 100 78% 76', Col Gax A Elee_ 300 57 57', (ennol dears . 600 74' , 74'/, Consol Gas . 500 80 80 Con InlT Cal Min... 1000 9 9' Continental Can _ 1000 75% 757 Continental Candy .. 200 10% 10! Corn Products . 10100 85% 85\ do pf. 200 101% 101* Con Textile . 600 27% 27' Coeden A Co . 1000 38'4 383 Crucible Steel . 3I00 128'4 130' do pf. 300 94 64 Cuba Cune Suear_ 1000 38% 38' du pf. ?00 76' 4 7b' D*U A H.id.on. 300 104 105 Del, lack _fc West. Kinder A Rio l.-r. . 104 % % 101 % 27 1 65'/', 26% 99 20% 20 B% 49 134 19% 72% .68 48% 84 31% 67% 30 7 26% 17% 60 75 46 13 13% 69 43% 3 8% 21% 7C% 72 60 62% 15% 6% 30'4 - 36% ? 5% ? 6% ? ? 12 ? 13% ? 4 6100 do _>l. 10100 6! ? Dome Mines . 200 11 Dul, So Sh A Atl_ 300 6% do pf. 300 9''2 Darham Hosiery _ 200 40 Klk Hem Coal. 600 24 Endicett-Johnson ... 100 68 do pf... 200 93% Erie . 8600 19% do 1st pf.-... 3400 27% do 2d pf . 600 21% Famous Players .... 2200 71% Federal Min A 8m pf 100 33% FUher Body . 100 108 Flak Robber Tiro... 6400 22% Freeport Texas .... 300 23 Gaston William? .... ' 100 8 Gen'l Amer Tank... 100 64 Gen'l Electric Co ... 4TO 143 Gcn'l Motors . 23600 19% d? pf. 200 75% do 6'. deb . 300 68 Go??drich, B F. 7900 61 do pf. 300 86% Granby Mining . 200 35' 4 Gt Northern pf _ 1200 ?78 Gt North Ore sub*.. 300 34% Gulf Mob A North... 100 13 do pf. 300 29% Gnan Sugar . 100 18 Bask A Bark Car... 12u0 67 100 241% 241% 24 1% 241%? 1 4 5?1 4' 11%+ % 11'/ 6' 2+ V? 5 9'2? % 9' 40?3 40 24%+ % 24!/ 68 ? 1 67* 93%+ 2% 92' 19%? % 19? 27%? % 273 211/4? % 20', 71%? % 71'. 33%? 2 33', 108 4- 6% 105 21%? 1% 21 23%+ % 23 8 - 8 64 - 62 142%+ % 142 Mini-ton Oil . 1G00 108% 110' I Hsmestake . 100 46 46 Hopp Motor? . 1400 14% 15 Int'I Agriculture_ 400 19% 19r" da pf. 200 80% 80S. I Inspiration Copper.. 39(H) 46% 46' Int-Csn? Corp . 1000 3% 37 do pf.. 100 12% 12' Int Mer Marine. 2200 22% 23 i do pf. 800 76 75' ' Int Motor Tr 1?t pf.. 100 76 75 ' da 2d pf. 200 01% 61. International Paper.. 3800 78 78', International Nickel.. 4100 1y 19 .60 Indiahom? . .00 7% 7? Invincible Oil . 6400 35% 36' Iron Products . 300 41% 41S Island Oil & Tr. 6400 6'4 t>3 Jewel Tea . 1200 7 7 110%+ 1% 1101,2 111 91 22 ? 13 120 63 8'/, 19 19% 39% 99 18% 11% 125 ?4 6?% 36% 19% 7 70% 148 do pf . ? Kan*as City South.. 4 do pf . 4 Kelly Springfield . . . 8 do 8% pf . 2 Kennecott Copper .. 1.20 Keyitone . Tire . 5 Kreage, 8 8. 6 Larkawannrt Steel ? Lake Erie A Weat. .. ? do pf . 2 Lee Robber A Tire.. 3% Irehlgh Valley . 7 Llg A M?i?r? Tob pf 2 l.?ew?, lue . ? Loft Candy . 12 lorillard, Pierre ... 7 Loti.M.llf A Naih... 4 Ma.iier Cas pf. 7 Manhattan Klevated . 600 15 4400 22' g 200 47 18100 61 110 91 600 24 % 3600 15 100 125 300 64% 3900 15% 4400 31% 1200 21'.', 800 49% 100 100'2 1400 21 % 100 14 200 300 Martin Parry . 400 a *? 18 10 37 4 ? ? ?3 7 3% - 7 ? 21 ? 38 ? 1600 13100 Maxwell Motor Co. 8 May Depart Star??. 12 Mexican Petrol . , . Miami Consol C?p . 1.60 Middle State? OH . Midvale ?leel . 2900 Minn A St L now.. 10600 M, Ht 1' ft 8 Bto Mar 100 Mo, Ran A Tos _ 6800 4? pf . 8600 Missouri Parlfle ... ,4*900 ** ft.?$9100 Maat W*H * C* .?800 300 * 7% 7% 7! 100 74 74 74 24600' 184% 188% 184' 191, 4?% *?? ?0% 30 **^.:r?-;^? -t? ?...-ji - High. Lew. Dr?. 1920. 1920. Rata, m% 100 7 8?% 44 ? 98 895. 93% 7% 17'/. 57?. 117 77!. 493-4 37' , 26 100% 72 84?8 77i/4 6% 1B7 Naahv St Chatten .. National Aniline ... 83 7 ?io pf . 30% ? .Nat Cloak A Suit . . 50 6 Nat Enamel A Stp.. 70% 6 National laend . 4% ? Nat R R Mex 2d pf. 10% 1 Nevada Consol Cop. 31 ? N O, Tex A Mex. .. 89 10 New York Air Brake 641.4 5 Newark Central .. 233,4 ? N Y, Chic A St I... 23' _ ? N Y,? N H A H 1 N Y, Ont A Went . . 7 Norfolk A Western.. 4 do pf . 7 Northern Pacific ... 5 Nova Scotia Steel . . .40Ok!a Trod A Ref.. Net Salea. Open. His*. Lew. Cloie. ehe?. Bltt. Aus, 200 106'/4 108'/? 10? 108+1 105 110'/. | 2800 81% 81% 81% 300 89% 89?. 8?% 16 85 64 663-4 42'/a 3% 107 28!. 4 65 7?1 6II/4 1163-8 1113-4 43% 42 32 51 GS 42! i 44'. 2 P2% 103' 2 23% 72 r1% 9434 3534 2734 1137s 68 50 ri 124 120 22'i 96% ! 50 | 1243.4 I 10634 55'4 I 93',2 1233-8 ! 21?. I 17% 29! j 43 37% 45% 1038 183,4 ?43 ! 13 90''4 483-4 82 Va 1053B 313a 68 370 26' 2 46 30'. 41'4 7134 673,4 37% 27 ? 22 ? 39 ? 56 5 30% 3 33% ? 3<?! . _ 88% 8 11 ? sua 5 81 6 83 7 211/4 ? 12! a 1 84 8 54 ? 36 10834 66 13/4 6434 33'-4 765. 6 &2% 7 23 ? 34%. ? Otis Elevator . 100 129%*129% 129'? 129%+ 3'/a 126% 130 Orpheum Circuit Owens Bot Mach . Pacific Develop Pacific Gas A Elec Pan-Amer Petrol do B . 3000 84 -Pennsylvania Rail .. 2200 42' 8 People's Gas A Coke Pere Marquette .... do pf . do prior pf Philadelphia Co . . .Phillips Petroleum Pierce Arrow do pf . Pierce Oil . Pittsburgh Caal .... do pf. Pittsburgh Steel pf. Pitts A West Va_ Ton4 Creek Coa1,_ Pressed Steel Car . . Public Serv of N J. Pure Oil Co. Pullman Co . Punta Alegre Sugar. Ray Consol Copper., Reading . 9800 93/4 do 2d pf. I?rp Iron A Steel... do rf . Rep Motor Truck... Replogle Steel . 2000 793? 69' g 5.50 Royal Dutch . 1900 87!-4 Saxon Motors St Joseph Lead. ..... St Iaoii's A San Fran do pf . St l.ouis Southwest. do pf . Seaboard Air laine.. do pf . Sears Roebuck . 200 13334 1333/4 13334 133%? 126% 60 203/, 1338 533. 47 5338 17' _ ?5'2 1C6 14 5/4 ? 14% 1 15% ? 23'. 2 ? 11 ? Z0<7a ? 6 ? 10 ? 130 8 8% ? Shatturk A Arizona 45% .74 Shell Trans A Tr... 23'a? Sinclair Oil . 8900 32% 59 6 Slos-s-Sheff St A Ir.. 700 66 88% 6 Southern Pacific . .. 8200 96 18 ' ? Southern Rail ..... 8800 30'/2 50 5 do pf .A. 700 63!4 600 20 Stand Oil of N J... 95 650 do pf .'. 1000 105 Stewart Warner ... .1500 Ktromberg Carb _ 4400 Studebaker .23100 Superior Steel . 1000 Superior Oil . 1400 Tenn Cop A Chem . 30OO Texas Company .... 21600 1133. 100/, 51'2 2G% 24 V'2 38% 34% 127 38 124% 60 57% 41 183-4 ? 40! 4 25 ? Texa? & Pacific - 35% .25 Tex Pac Coal A Oil 9'2 ? Third Ave Rail _ 57 6 Tobacco Product? . . do pf .?. Toi, St la A West. . do ctfs . do pf ctf.s . Transcon Oil . 2' 2 Times Sq Auto .... 8 1'nion Oar A Paper - I'ninn Oil . 83!. 7, 12 ? 10?, ? 15 ? 9 ? 185 73' 251,4 ? 110 10 61'.4 61' 4 4 58 38% 4 221 176 12 13% 55'4 37% 7838 116% 69% 95' .1 14334 1?5'2 76 109 fcC% 97' 8O/4 21 I2/4 32 21/4 14% 20% 34(2 69 Vz 119 55/_ 31% ?321 2 14'/, 26' -4 69'. 32 93 143 951/4 7"? ? 13 ? 12/2 - 40 5 6 ? 5336 6 77'. 8 40 ? 59 3 80 8 101 _ 50 56/, 62 6?',. 1234 7 ? 20% ? 14. ? 8% - 11 ? 20% ? 54% 6 100% 7 44% 4 2? 4 60% 6 9 ? 13 ? 42/_ 12". 71% 100 55 ?Ex dividend 400 5100 100 1100 3500 500 23 3000 12% 1000 23 200 85 900 29 Inion Taciflc . 1800 123% 123'/, 12214 123 -- d? pf . 300 65% 65% 65% 65'a Tnlled Alloy . 4O0 38% 38% 38' . 38'/ United Fruit ,. 800 201 United Ry Invest .. 1400 10% do pf . . ??. 1500 24 U S C I P & Fdy... 300 14% do pf . 400 41 X> S Expreaa . 100 6% I' S Food Prod _ 800 6734 II S Ind Alcohol ... 14O0 83% V S Realty A Impt. 200 50% I nited Retail Store* 17900 72 V S Rubber. 10100 82'/, do 1st pf. IT S Smelt A Ref_ UnittMi. State? Steel. 171C0 Tuh Copper . 4800 Vanadium Steel _ 4000 Yir-Carolina Chen . 1000 Vivaudoa ... 1000 Wabash .? 8100 do pf A'..v._.: 6100 do pf B. 1400 20% Western Maryland .. 2200 14 do 2d pf. 300 20 Weatcrn Pacific _ 2000 33?. 34 do pf . 100 69/, 69% Westing Air Brake.. 18?0 101% 101% 100% 101 ~ 1 Westing-house Mfg . 200 47% 47% 46% 48%? Wickwire-Spencer ... 2300 30 31 Wilson Co . 1000 61% 61% Wheel A Lake Erie. 9100 14% 14% do pf . 2500 24'2 25 White Motora. 1400 44% 44% Willy?-Overlan?d _ 8900 12% 12% ?Io pf .?, 200 71/4 71% Woolworth . 100 109% 109'/, 109% 109% Worth Pump A M.. 6000 60% 60% 60 60 Bid and Asked Bid. Asked. Ail Kuroely pr' 62 S3 H Al ?a? lunoau.. 1_ I'i Alb A Sus... 120 14? AI Chalm pr. 7? "7 Am Ag Oi pr 87 89 Am Unis N'iti* 41 47 Un j>r . ?""A 45 A Pee' S pr. -- S3 A, II 8 A Fy. 50 r.4"_ A C A r pr.ior . ? Aid W Se i>r 5?-% ?0 Am Mult A R 26 33'4 Am Slilpbld? ? 125 Am Km pr A 71 '7% Am H miff ....100 104 do )ir . 7S ?7 Am Tel A 0. 47 55 Am Wli pr... S9 34 Am Zinc jir. . 44 Vi BO Ann Arbor pr :--v 38 A ? ?j 1? pr 59 til Asrp (?ll ... ?3 ion Atlante O h ?2 9?V> Atlant- Huf. uso 12-'? Ali _ W 1 pr d^ 04 A?itt> Sali? Co r, 9 _ BM. Ajtoa. F Sf * B pr 33}, 34 105 3 5* ?24 fl.'l FUlier fly pr.100 Gnu miom.-. ..lf,2 Jo pr . S5 <>n ?gar pr. Hg 'lo pr deb. 83 '?rny l>? rl%. .. i ti _ ? 9 1?K pr - Hartman <t>rp 76 ,., Int Har pr.. in?;Vfa 107 Int Paper pr.ino 104 fut Kinkel pr Kl S3 Int Salt. _ 62 ? Juims Tb? ... 18 TO Knyser J ... 8?i 95 hWr'SAM pr. 54 Knlly spr pr 80 Kelaoy Wheel. k2 lux* ? ii m. 6i^ M H ti? pr Kr*? A Co.. ??^, su 37 l>r Ha Id I/.?-!) pr Oil P.animUU ... 41 Burumt Iaea.. 45 IT so 0'.? 4:1 40 luO 911 Harren Co pr 102*4 l?j.4 lt-tuplli? M., ?j, 1 Itii h st?-. .. cr> 72 Bau KilUnn... 82 00 l!un.? tiro?... 'j% m ? lo pr . ? f, TlufT K A P. 60 S'i pr 80 100 BurT * Pils.. do. pr . 42 Bn?h <"em... ? l'?l A Arlr. . 55V? f'?ri SnnitJir?1. 36 Casa J I pr.. '80 ?>nt lae? pr- ?3 On of N J. .?15 OrtaJiitred ., 4.H ?Mil l'Ile?! Tool 82 Cl A PltU.. 57 0. ?nu?? pr 87 CCCtSL 5? UlUett P??b... 72 rl'j? pr . 90 0 * J4 2d pr 45 Comp Tab li?e 44 m ?'on Cl?ja? pr 81 ?3 l'imt In? Co.. ?9 70 ?Ve? Carp?.... irtt?, en ?*u Am 3n pr ? Dji ira Cano Ha pr T0H 77 Ijecrn O? i>r.. 02 0? 1 ?et lyllium .. 96 P9 l?t lu JIR. 92 97, H?Kt K?vl^..529 rio pr .iOO !>urh?iB H pr 01 Klao fit Btt.lM ?_ ?lUjom O Vf. MH 8T Btant ve, ??_ ,Jf ??#.. 4?. 8 lnn% 52 }35 106 1.18 - W? Om.V. 35 I AUX A M X. .l.'O 145 , ']' ? .120 145 la-H 1! 1? pr 9.1V4 loi r 'i',,''1, W-??!<>? HO Iaorl?anl pr.. 96*4 105 Louis? _ ?f.ltM ]ii2 Macka? Co?.., ti!^ gj ?lo pr . B8t_ ',iiu |Man?tl Su pr 832 gs2 Manhat Eloc. -- {o do pr .100 Mar ItncKwuH. 40 (?mz ?Mat Al \\"\, 28 40 Mat M Ut pr IB Vi 17 'lo 2i| pr... -, jj May D? st pr 9s?? ? Max Pe?, pr,. us 104 M>h Central. 77 et MSPASSM pr. 88 04 . <io lad Une?. M Mont. Power . 60 Moni* A Ea. ro ?MtUllna By pr 91 JMh A tliat.104 >?t Btacult. .10? v.dn Pr .106 v 'J * s Pr. 80 V.r ?* ? Pr- 90 !'* NRH u\ ?rlM.. "S V l * s I. 46 4: 1? l?t pr... 60 r,9 NT n 2T" r'8 ?3 n v ?"_; k ?4^4 4: Sorw? ? r s M oh?,h?;m ??? ? "??o FHioj 4ft Nuniiallv " ?*"? Klee 51 "5 110 110 110 84 94 it 52 Pr o?" ?Wp;:; 'Z l'?r?? "i" Pr' M ??i-tflr Count.. 25 Aa*&i;: ?f o?., r* ? 26"4 129U ? 78 V, sj 101 104 3_?C; 44 loo ?o 31 ?I J-___ Bid Pierce OU Jfi. 79 Pitt? Bteeffpr 90 V _. W V? pr 75 Pr St Car pr Pt? Raxnl Milieu.. -3V4 lieu A Ou... 10 rlo pr . 70 R?q T 1st pr .2 H????s*?laer ... ?? Sen.ru. Roo pr.l06'.? 8-S S A 1 pr 83 Vi fi P R Sugar. 128 do pr ... .106 SUndard MllLl?O Aafc i Bid. Asked. 1H Twin City K T 34 36.4 pr 73 Rtudebaker pr. 86 Sop Steel w. Pi Temtor . 41tfc T & P Id tr.280 Third A? RR.. 12 Tidewater 011.210 Tob rrod pr. 8514 S2G Wt?41 do pr . 6314 78 Tnder'd T pr.105 117 101 Un ligar St. .MO 100 25 I do pr . 93 10? 13 ?Pntted Drue..105 IO!?i? 80 I 'in )r,t pr... 45.4 48 86 iUSCI P A F 14 15 110 : do pr . 40 41 112 !tJ 8 Express.. T%, 7 S7\4:'' S 1 Al pr ?1?* ?5 132 it.T S R 1? pr.106 108 ?njVvlI-tan Sec Orp. 7*4 8H 140 Va far Ch pr 108 111 83 ?Va I C * C..U4 IIS 89 ,We_jt, l'n Tel. 83 84 West's? A B.101-4 103 WllMm Co pr. ? A4 Willy? O pr.. 71?4 74 12.4?Wooiworth pr.lOO lio 230 WT A Ji p_? A 79?4 9(? 87 I do pr B... 62V4 ?? Paris Market Weak PARIS, Sept. 24.-? Prices were weaker on the Bourse to-day. Three per cent rentes, 54 franca. Exchange on Lon don, 52 francs. Five per cent loan, i 85 francs 57 centimes. The dollar was j quoted at 1-i francs 84 centimes. ? ? London Money Market ' LONDON, Sept. 24.?Bar silver, 59%d P??r ounce;- bar gold, 117s 9d. Money, f?1^ per cent. Discount rates?Short mid three months bills, 611-16 per cent. Gold premium at Lisbon, 140. Financial Items .. At a meeting held September SS th? board of directora of the Liberty National , Ttank of New Tork authorize;! the pay- I trient of extra compensation to all em- i ployee?, amounting to 26 per r.vnt of sal? aries for the quarter ending September. SO. W, E. Pain? ha? been elected ?, director i of the Seaboard National Bank to fill ai vacancy. C. J. Heyne, formerly with Bchmldt A ! r>e?ry, of the Pittsburgh brajtch, haa been appointed manager of Anderson, Brown _b Co."a Pittsburgh office, at 32? Fourth Ave? nue. Charlea E. Brieklay, former Harvard football . atar: Bu?j?eli Butler, formerly with Palne. Webber A Co.; Warren Aoker man, formerly with Carlisle, Melllelc * Co.. anil W. J. McOllnn. a director of the Continental Equitable Title and Truat Company of Philadelphia, announe? the formation of a firm under th? name of Charlea E. Brlckley * Co., member* of th? New Ynrk'Ptock Exchange with office? at ?1 Broadway. A. Q. Becker A Co. an? Ames, Emorlch ? Co-, of New Tori, and Chicago, hare i .lust purchased and ara bring)..* out In ?We market $3,200,000 . ? per out mnUar "\_T" ' In Wall Street Laefcawanaa-B. B. ?ft P The statement in yesterday's Tribune by William T. Noonan, president of | the Buffalo, Rochester ft Pittsburgh, Railway, that a merger of this ro?d with the Delaware, Lackawanna ft Western is possible was commented upon in railroad circles here as indi? cating that the latter road may inter? est itself in soft coal properties now that it intends to divest itself of its anthracite interests. An alliance with the Buffalo, Rochester ft Pittsburgh would give the Lackawanna an entrance into the soft coal field/? of Pennsyl? vania. Lackawanna officials yesterday declined to discuss the prospects of a merger. To Increase Exchange Due* Governors of the Stock Exchange have adopted an amendment to the constitution which would increase the annual dues of members from $300 to ; $1,000. The section as amended reads: ; "The dues payable by a member of the ! exchange in each year, exclusive of! fines and of assessments, under Article 18 of the constitution, shall not exceed $1,000 a year; said daes shall be pay able in semi-annual instalments on I May 1 and November 1 in each year, and the amount of- each instalment shall be determined by the governing committee at least fifteen days before the date on which the'same is payable." If not disapproved by members of the ? exchange before next Wednesday the | amendment will automatically become a law of the exchange. Foreign Selling of Bonds The recent strength in the bond mar? ket has been attained despite a large volume of foreign selling of all sorts of high-grade issues. It was stated in investment circles yesterday that . much of this European liquidation has been coming from Holland, which fact i may also indicate that some of the bonds have been taken out of German strong boxes. Orders to sell have been placed with at least one important : Stock Exchange house, a representative of which offered the opinion that the j liquidation through other channels has been of Much greater proportions. Kelly Springfield / The break of 6% points net yester? day In Kelly Springfield was a direct result of the announcement of the new financing, which takes the form of an offering of new stock to present stock? holders at $.=10 a share. It had been known for some time past that the company was planning new financing of some sort, but it was not knawn until yesterday that it would be oone through the sale of new stock. Kelly Springfield shares at yesterday's level were down nearly 100 points from the high point of the current year. Denies General Motors Cat The statement of W. C. Durant, head of the General Motors organization, to the effect that the company will moke no reduction in the price of its prod? ucts, set at rest a flock of rumors that had been flying about the financing district ever since Henry Ford startled Automobile Row by his smashing cut. General aMotors shares steadied a bit on the announcement of Mr. Durant, but the tide of the market was flowing in the wrong direction to make pos? sible much of a recovery. The stock declined at one stage of the trading to 19Vb, but rallied to 19 "s at the ?:lose, where it showed a small frac? tional gain. Republic Motors gave a tame performance, showing practically no change. Studebaker yielded a large fraction. Chandler Motors was weak for a time, but met sufficient support to rally it at the close. The tire shares reflected the effects of the unfavorable reports of the state of that particular industry. .. Liberty Bonds Stronger As illustrative of the crowing interest in investment securities, it was pointed out yeetcrday that the list of bonds traded in on the exrhsnge this week is the longest in mnre than a rear Many issues which are seldom traded in have come out on the bond ticker tape, and in most cases prices are higher. The upswing in the Liberty Losn Issues has been the most striking snd the g^ain for the week up to the close last night amounted to about 2 points on the average. Utilities in Good Demand In keeping with the general improve? ment in the bond market, public utility securities are said to be enjoying one of the bast markets in months. The demand for these issues is large, and moreover the offerings are limited, so that brokers with orders to fill have this week found it necessary to bid prices up to cover their requirements. Man5' public utility companies have ob? tained concessions in the way of in? creased rate for their services and many others are expecting relief of this character. Besides, it was pointed out by public utility men, costs of operations are beginning to show signs of declining and it Is generally believed that the peak has been parsed. These are all factors which are contributing to the better tone in the market for publio utility securities. Bankers Cheerful Bankers the country over are In? clined to take an optimistic view of the general outlook for business. This was made plain, it was learned yester? day, at the monthly meeting of the advisory council of the Federal Re? serve Board held at Washington at the beginning of the week, at which bank? ers from all parts of the country met and exchanged opinions. The attitude of the majority of the bankers present is understood to have been in favor of a maintenance of present high interest rates until such time as liquidation has been more complete and much of the war-time inflation has been eliminated. Copper Products May Drop According to gossip of the copper metal market, certain of the.r-janufac turers of copper products?that is to say, wire, copper sheets^etls., are con? sidering a reduction in prices which may be announced next week. At presa?! there exists a differential of approximately 10 cents a pound be? tween the price of the metal and the price of these products. Lending in? terests in the industry, it is under? stood, are in favor of cutting this differential in half. Before the war .when business was normal the differ? ential between the metal and the prod? ucts was rarely ever in excess of 3 cents a pound. The copper metal mar? ket has shown little change lately, with the price holding around 19 cents. Corn Products Bearish propaganda on Corn Prod. ucts shares this week has taken the form of .rumors of an impending re? duction in the amount of the quarterly dividends. The rumors persisted de? spite semi-officiel denial. Yesterday the directors effectually spiked the reports when they met and declared the ragular quarterly disbursement on thelcommon shares ?mounting to $1, and at the srme tira? vot?a an extra payment of 60 cents a ?hare, which is the amount distributed in previous quarters. The stock sold as high as RB% in th? market yesterday, but eold off later to 84, closing* at 84% for a net loss of 1 point. ?i ? , QmswmetV Power Offering announcement was made yesterday of an offering of $2,500,000 Consumers' Power Company general and refunding mortgag* fifteen year 7 per cent gold bonds. Series B, at 01M and interest. to yield more than 8 per >eeBt, Th? syndicat? makin?.th? offeriag conflate '* tH Natioaal Mt$ Company, of K<sw ~__?S_?JWh"BU OnThe New York Stock Exchange 1920 Listing? Ustlng? <ro th* New rork Stock Exehang?? for the ?rat ?tz month* of _sio aorra. gated $1.878.888.4?. a?iiv. croa?* of $1.78.150.486 ?ver the corresponding period ot 1*1* and more than ?_ bil? lion dollars over lilt Of this total ll.107.UUii represented securities of i?. dustrlal and miiK-ellaneou? compa??a?, many ef ?hieb were cloaa corporation* with long and euooeaaful record? Business corporations, ?. revealed by this devaion! ment, are coming to appre? ciate the broad market flven eecuHtlee Usted on be Stock Exchange. A. A. Housman & Co. /Nee Tert Stock __xt*_ I Now Tork Cotton .bred. J K. T. Coffee * Busir *s. Member? \N?? Tori Pmdu? Exch J Chicago B 9?rd of Tn_l? ( A-ancltte Member? of \L_Trnxx_l t'o'.ton am b. 20 Broad Street, New York It-a neta OfBcest SS TTMt SSd St., New Tork City. liberty Building, Philadelphia. saniinj n.ui. ot HENRY CLEWS & CO. -v?eaiber? et X. ?. Stock Exchange. 11. 13,15, 17 and 19 Broad St, N. Y? Interest allowed on drpoo.t seeeutt subject te el?e?toe. Stock, Hand end Not? Issues of Railroad and Industrial Corn? panle? Bought and Sold for cash; sis? c-irriedvon conservative terms. rOK-ROK LETTERS OF CREDIT ?F3TJR? LIBERTY BONDS ?raaeh ) 320 E?fth Arm. 36 Uslea Zottm ONkse: ) 172 Desuse ?t. 145 Kaa* 60th gfc 18 Oonrt St., Brooklyn. *~_.'-?-.u m Vw? ,f c?i???'-i?i ?atSE 2KJ! CHATHAM & PHENIX m, NATI0NAL ba^k k\>S?A CmmHml ? ?ami?? Sll,<m,N? ?\\^S*^ **********.IU?*.?W.*k ? IanK a??? Br-aa?way, ??Bfsr 11% ??Ja.?? Asid 1* BraMkM Stocks on Curb ? Under Pressure 3 In Quiet Market Further Selling of Genen) Asphalt Shares ; Small Changes Noted in Oils? ?efhlehem Steel 7s Acttre Reactionary tendencies predominate! in the outside market yesterday, whw? . some further selling caused many *t \ the more active industrials to yidd ; prourtd. Generally speaking, the mar? ket was quiet, the turnover of businew being the Rma?est in more than * i week. Signs of public participation i which had appeared a few days *$* ' were not apparent. 'A General Asphalt, which has bee? ?__# ; of the erratic actors on the Curb lately) came under the pressure of increased | offerings, with the result that it WM ! forced to 68. On small dealings Gardi? ner Motor, after selling u? t? ..Sty, !*? \ noted to 23. Tobacco Products Export : continued active,?but showed compart ' tively little change at the end of thl ? i day." Movements in the oii shares were extremely narrow. In the bond department, the Me* ' Bethlehem Steel 7? eo)d r-.xi a "when Mj i sued" bafeis to a high of 851<4 and closed 1 at 95. Dealings in these bonds ! amounted to a par value of 5335,000. Industrials Balea. Oren. High. l_cw. I?Mt ' 160i>?Aen_e Coal ..2 2 H ? i?i| .1100 ?Aetna Exp .. 11 li1? 11 H* I 1 (?00 ?Armr leather 15?4 16*4 1*H 18* ! 200 ?do pf . 9.. v. f\ P3H n\ 300 ?Amo Fuel S. 5'.. ht 55 85 ST. Borden . ?? ?S 3' ** BOO ?Car L.t & P.. 3% ?S 3Vt ?* I 11? 10 ?Chl Nipple .. :"?? '?'* * ?3 100?Contey Tin F 21 ??% 21 ? 21H 21* J7u0?Emp Tu * St H:? i<s* .??A ?*?_ 60u ?Farroll Coal. 22 22 22 21 25 ?Fin-stone T..121 121 121 121 K>0 ?Gardner Mot. 23V4 26-4 28 ? 3000 ?Gen Asphalt. CR V, 59 <* 68 ?J1? ' 3.00 Grape-Ola ... 2% 2*4 1H J? H 100O do pf . 3Vi SS i% *. ? 1200 ?Here Pap-r.. 15 Ifi** Wi ?J SOOOlnd Parkin?.. ?H 4H 4 ?} ? 100 ?Kay Co Gas.. 1?t W J_4 .iff 200 ?Lib McN & L, 12'4 12 ht 12H lj* ' 100 ?L^romohile n 7 '. Jfton'Merrer Mot.. 10 1? J innn^NBtc rVk rt?.107t4 1ie 10T 111 I?OON Am V ft P. ?H C?4 6J4 J? . 3300 perfection T.. IrV 1-V ?? ?* ]ooo?itad|r, Co w 1 I'?* 3 ?* ?_ 1200 ?do pf w L. ?>4 8H *H J* .2500 ?Repub Rub.. 1 '/* 2 it? .J 700ORJRB' n w 1 41J? 42 41 ?J 200 ?Rov Fr T P In 6 H ? !4 6?.J* 25 ?Slniror Mfg..l21 12! 1?? f *? 201 ?f?nd-r ?.td .. 314 SH ?H ,J? . 600 Submarine Bt. 12 32 11% ?- I 14000 ?Sweets C ?f A 1-4 nH l?? .i* ; 100 ?Swift Inter.. 32 52 *2 ?J ?000 Tob Prod Exp 16 16 18 *? I ?500 *Trl?nRle Fin. 44 % JI ?? ' 1S0O ?Fn Ret P Cly im 32 ..?H* ! 1100 ?IT 8 HI Sp Tl 30i4 ?.\ IJ ?? 800 Fn Profit Phar 1 "i m J* i? - 600 ?Union Shlpy. 4 V, R'a ? | 7000 T: S Stmsh Co. 2'* 2H Jj ?^ ; 3000 Wayne Coal.. 3 ?4 " '_ ??* ,w Standard (Iil Stocks i Sales. ' O-^.n. lT'?h. i-ow-U* i 20 ?Indiana PI.? ;??? '?! 20 ?S O Co of Ind ? --????? H* i?! 10 ?S ? of K Y. -- i?2 ?S* ?"" Other Oils ?salea. Or-n. High. Lo*.Iff 20000 ?+Allied Oil... 2 5 2" ? "tt IOO ?Ark Nat Gas US HH J?3 ^J 2700 ?Bonne OU... 2*? 2"4 ?}? ?J 60"?BcB-Mex Oil. 1?? 1^4 J* it 2?!"C 'tE.t-Wyo OU 1 If? m\u -iff 1000 ??-arlb Synd.. 12V?, i:-4 1_* **5 100(.?Cit S B T Ph $i*? f?"i S4J "J 3700 ?rushing Pet. S H ,*J ,5 1000 ?Denny OU... 3 ?, m .?H ,?J 300 ?Dominion Oil 10?, 4f,oo ?triiin.) Pet... S 300 ?E!k Ba."ln P. 9 3200 Engineers Pet 1 ?4 1000 ?Federal Oil.. 2?4 100 ?Giliiland Oil. SO 100 ?do pref.... 04 8000 ?Glenrock OH. 1 'k ?00 ?GufT-Glll Oil. f.2>, 20'? ?Imperial Oil. 16 200 ?Internat P<?t. 34 100 ?Philip Morris 5 100 ?Merritt OU C 14 ?4 2;.0 ?Mldwe-K Ref.154 31.00 ?Midwest Tex. 9 700 N Am O & R. 4 400 ?N o C Of N J 7 H 200 'Turaron Ref. 25'4 Coo }?et Fr of Am K ion *Pr<_4 & Ref.. ?i? 400 ?Palt Crk Pr. il H eon ?Settled Pr Co 1 ?* 800 ?Simmi Pet.. 12'? 1500Skel)v Oil_ 9T, lS00 8pencer Pet C 14'? 50n ?Tex-Ken Oil. 2 8800 ?Texon O & I. ?4 800 ?Tex Chief Oil 11 1100 Tex-R PAR. H 1000 ?Ci? Tex Pet. A 1900 ?Victoria OU.. 1?4 ?OOO'Vule^B OU.. 1 1 A.. ?M* 1800?TVhlta Oil... 53V4 ?3% ?"i " Mining Salea. Open. High. Lo*? . ?600 AUBr Col Met 4| ?? . H .M? 60?>?Alv Min ft M 1*?^ "?S 1?* l\*. 1600 ?Amer Minea. "? I ? "*?g. 4 im ?600 ?tBelch D (a p) S ? f ? fit 8200 ?+Belch E (a p) ?H 8H I, ?1 ?400BI_r Ledge ... S Va * ?T'. <?800*tBooth . 6H ? _.!*?, 14000 Boat ft Mont., t? 78 T? ?J 8600 ?tcaiedoali. ..1? 21 **?. 9? 2800 ?Calumet ft J. % H 800 Canada Coy... ^ A ?d 260?CareoB H Old ?4t? 24 V> ? l?700?tCaahboy ... 8 H ?? ? .816 Cons Vlr 8Ur. 4H ?S .} 8300 ?Cortea Sliver. 68 ??.. M*?? ?Datwla Stiver 1U ?*i ^?SSS*v *xt (a p> tl IS, ueeau taiv aiiv4_r._ xu xi 1800 ?Amer Mine?. 800 Ar Globe Cop. A iV , 8800 ?tAtlanta .... 2 2 ?