New-York tribune. [volume] (New York [N.Y.]) 1866-1924, September 25, 1920, Image 12

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New-York tribune. [volume], September 25, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 25 Sept. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-09-25/ed-1/seq-12/>

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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 ?

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New-York tribune. [volume], September 25, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924