New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 12, 1920, Image 14

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New-York tribune. [volume], October 12, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 12 Oct. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-10-12/ed-1/seq-14/>

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rTyHi: J eeline in
* commodity
frices il bring fol
lonotd by an increase
in the value of se?
curities.
Wt ha%e prepare A a
list of sound bonds
?whichive recommend
for investment.
Send for List .}f-70'
tMemlh
Lvnch
&Co.
inTeitmen!?
Cossmercial Paper
120 Brc?<rwa?
New York ?
Memhert Nett Yerk Steck Estchem^e
American Writing
Paper Co.
First Mortgage
Sinking Fund Bond?
Due January 1, 1939
Secured by Closed First
Mortgag?;. Strong Sinking
Fund Provision. Attractive
Yield.
Price at Market
Yielding Over 8%
Circular on Request.
Coggeshall & Hicks
l/rmtiri Veto Terk Stock Exchange
12* Broadway. 203 Weit 79tk St,
New York
WE RECOMMEND
New York,
New Haven &
Hartford R. R.
Debenture 4s
Due April 1, 192 J
Price about 831 '2
to yield nearly 17'.
McClure, Jones & Reed
kletnberj New York Stock Eiching?.
115 Broadway New York
Telephone Rector 7662
HART OIL
Class "A" Common Stock
Dividend Rate 18%
Vayahls l '*.,% Monthly
24% Authorized
beginning Dec. 15
Own? Royalties and OH Rieht? on
more than SO,000 arreo weill diurtr?b
tittd ovar proved fluid?, in Brack.?i>
ridjrs find b-tnt producing: district?.
21 well? completed ; nion<r ArUHug.
Ia?,,-|re r.iiim.Mon I'rofrnm.
Cirottlar H T on r^.jMtv??.
Shares $2.00 Each
L A. HUGHES & CO.,
3 "i0 Broftdwav. F'hono ?/lector ?."!.
'] Why they slumped
l.e;..t-?)n f ir dei '?'.tie of stocka in
MARKET OPINION?Ask for B-0?
|R.H.M*cMASTERS&CO.
?j Members Consolidated Stock Birch., .V. Y.
? 82-84 Broad St. New York
[I I'ho'te Broad i'.7C0 J7nt>' 'e hirst Floor
LIBERTY BONDS
All issues ?* denominations
H???s!:erne & Batteile
Uembers Sew York iSfOK^t Exciaincie
25 Broad St. Naw York
TK) EPHOXE: BROAP 7740.
Mark A. Noble Tlie^dore C. Torwla
NOBLE & CORWIN
l S5 Ilroau iSt. New Vork
: Chase Nati. Phelp? Dodge Corp.
ii Equitable 1 r. Niles-Bement-Pond
1 -i-|.Ii?.'.. 1 1 ! I <Jr.>Hti
W Equipment Bondit
Quoted on Income percentage buMai
Name. Rato. Maturity. Old. A*V
? * Ohio. . *V> l?SO '27 8.00 7.80
r'.flth Bteel.... 7 l??7\-':i0 7.25 6.75
' t .<? Mb . itt l'32.0-'37 7.26 6.75
Buffalo, II & H 4V?-S mi-'?S 7.60 g.f?
do . ? ? ? I92i-'S3 7.59 6.4?
,!!an Nat 7 1935 7.05 6.95
??.idlan N'or. 4H-5-? USO-"*? ?.25 7.60
( anadian Pac 4^ 1020-'28 7.20 6.75
. ti ! 920-'33 7.20 6.75
?' ?: C I SI U ?? . 931-'39 7.25 6.75
do. ? 1921-'?7 7.S0 6.75
?M ?s A Ohio.. 41, 1030 ".'7 7.50 6.75
Pli ?: ! t Pao *<? h ?70 '27 8.25 7.25
I'll,'./ a N U 41, '23 7.50 6.76
? S; ?. A M <? 5 '. :>70 '74 7..10 6.75
I a Htlditon 4 ta ..?..' 750 t,.59
. 4H-& 1920-'27 .S.25 7.00
? Cona. ,. 6 ..'?:'? -'77 8 50 7.50
. rentrai- 4S 5 1920 77 7 ;.?' f 00
? !!y .So. . 6 t 7.7(1 6.80
.?.s a- N'ash . I920-'S ?' 7.J..1 6.7a
MiCh t'rn'ra!.. 6 '77 SO a.",',
do . ?> li-'O- 30 7.2? 6.76
M S P * SSW 4?,-5 ISSO-'Z? 7.26 6.90
1I0 . 6 1921 -'30 7.86 6.95
...... 7 >21-*30 7.35 6.95
I Cant n it 4H l?3?-'2l 7.5? 7.00
N y ont r. n 4% tssi-'sa ', 70 6.85
do ... . 7 lP?l-'Sii 7.25 6.90
.. v C A St ?. 4'v J.?31-*36 7.50 7.00
do ... 6 1931 7.60 i?.76
JI * il 4*4-6-6 J930-'33 X.37 7.50
TVorr J? W'ee;.. ?Vj t930-'24 7.15 (7.50
Mor Pacific... 7 !921-'30 7,00 8.60
J'i IV Bip.. '.' I986-'35 7,00 6.60
Peniv*'lvan!a . 4-4Mi 1920 '23 7.26 6.75
Pitta A I, E.. ?^ 75 7 00 6.60
p'a.liiiir Co . 4'4 193l-\27 7.20 6.76
Boaboard . 4?j-5-? I920-'2T 8.25 7.60
Itouthera Pao.. 4?? 1920-'26 7.:t0 6.75
do . 7 "' '36 7.00 6 60
?Southern By.? *H-S I??J?-'2? 7.65 7.00
Vnlon Pacifie 7 1924-'3S 7.00 6.50
Vnlon Tank... 7 1OS0 7.15 7 00
Virxrintan Py.. ? l?30-\'>? t.il ?.Ht.
M'abat* ..... I 1981 10.00 7.00
Pre-Holiday Quiet
Depresses Interest
Tn Stock Market
Average Trend Slightly
Downward, hut Trading
Is Without Significance;
Transaction? Are Smaller!
The Approach of the holiday to-day
kept interest in speculative operations
yesterday at a minimum. Transaction?
were loss than half of those of a busy
day and the trades that were actually
tunde represented chiefly the maneuv?
ers of professionals. Although the av?
erage trend was slightly downward, the
day.'s market was essentially dull and
without significance.
Operator? for the decline set out in
the morning In quest of indications of
weakness in the market. Their first
onslaught was on Texas & Pacific,
which tumbled to a new low for the
year, of 17, and closed at 18%, off 1%
points for the day. The decline was
accompanied by gossip of terms of a
reorganization, but no authentic an?
nouncement of plans was made.
Another bold move was made against
the market standing of the stock of the
Coca Cola Company, which slumped to
27?4 and closed at '29r-*. off 1% point?.
Central Leather was the objective of a
third thrust and, under heavy aelling,
it fell to 40, which is the lowest lovei
attained thus far this year. The se
curity closed at 4U1?, revealing a net
decline of 3l? points for the day. The
break in Centra! Leather was attributed
by those who sought a reason to defla?
tion in the leather industry.
Hut, despite the evident purpose of
the bears, the decline did not spread
very far. ? The averages reveal a slight,
net loss, but nothing impressive. On
the other hand, the market revealed lit?
tle spontaneity on the rebounds from
the declines. In brokerage circles some
observers of the day to day fluctuations
contend that unleas the professional?
can force a severe decline in the mar?
ket by the end of the present week
they will be able to make little headway
at least until after Election Day. This
theory was based on the belief that
politics will in the closing day of the
campaign exert itself as a conatmotlv?
market influence.
Speculators were apprehensive oxer
the Immediate outlook for call money
because of the approach of the October
15 money transactions, and particularly
because of the maturity this week of
the Anglo-French loan of |500,00'0,000.
Call loans renewed at 7^6 and before
the clone the rate climbed to 9 per cent.
To-morrow the government will with?
draw $8,000.000 from the banks, and
more later in the week. There will
probably be further calling of Anglo
French money, which had been .tempor?
arily lent on stock exchange collateral.
Money and Credit
For the first time since August SI
the call money rato yesterday got up to
9 per cent. This was caused by prep
aration.-i to meet the heavy payments
?m P'riday, when the Anglo-French
loan falls due. The renewal rate was
7% per cent. Government withdrawals
from the bai ? to-morrow will be ap
proximately $8,000,000.
Yester- Year
day. ago.
On mixed collateral... 7^6 9
On industrial collateral. 7Vs 9
Time money (mixed collateral):
Sixty days .S'aiSVj ?^*?6
Ninety days.8@8^4 &%(g!6
?'our monthii.HCn.S'-j 5%(S)6
Four to six months..SC?.'S^t bli?<a,]'o
Rank Clearing? ?- Bank clearings at
New York yesterday were: Exchanges,
$560,114,179; balance, ."5100,041,704.
Silver- London, r?8%d; New York,
domestic bar, 99%c; foreign, 83c: Mexi?
can dollars. t'.,'}'% c.
Sub-Treasury United States fund
feserve credit balances, $94,766,4,17.
Canadian Exchange New York fond?
in Montreal $91.56 premiums per $1,
1 000; Montreal funds in New York
$83.62 discount per $1.000.
The Dollar in Foreign Exchange
In a quiet market foreign exchange
rates moved narrowly yesterday. If
anything the tono was easier and ster?
ling sagged off a fraction of a cent a
pound. Francs wore also lower. Italian
exchange, which was weak last week,
displayed a firmer tendency
(Quoted-in dol'Iara to the pound.)
. Year
Yesterday, ago.
Sterling, demand.$3.4826 $3.485
Sterling, cables. 3.49 3.4925
Sterling, sixty day?. 3.4350 3.445
Sterling, ninety days... 3.41 3.425
(Quote ! in cents to the unit.)
Ye s 1er- Week
day. ago.
Francs, checks. . 6.51 6.70
Franca, cables.. 6.58 6.71
Belgium, francs, checks. 6.94 7.06
Belgium, francs, cables.. 6.95 7.07
Lin-, checks. 4.01 4.13
Lire, cables. 4.02 4.14
Swiss, francs, checks.... 15.95 16.07
Swiss, francs, cables.. ..16.00 16.10
Marks, checks. 1.52 1.65
Mark?, cables. 1.53 1.65
Guilders, checks.30.80 81.0625
Guilders, cables.30.90 31.1875
Austrian, crowns, checks .36 .43
Austrian, crowns, cables .37 .43
Sweden, checks.19.50 19.90
Sweden, cables.'..19.60 20.00
Denmark, che?:ks.13.80 13.95
Denmark, cables.13.85 14.00
Norway, checks.13.92 13.05
Norway, cables.14.00 14.00
Pesetas, checks.14.40 14.64
Pesetas, cablea.14.45 14.68
Greece, checks.9.75 10.30
Greece, cables. 9.875 10.40
Manila, checks .46.50 40.50
Manila, cable?. 47.00 47.00
India, rupees, cheeks. . .32.50 32,50
India, rupees, cables... 33.00 83.00
Japan, yen, checks.51.125 51.125
Japan, yen, cables.51.375 51.375
Argentina, checks.82.875 82.75
Argentina, cables.83.125 83.00
Brazil, Rio, checks.17.75 17.50
Brazil, Rio, cables.17.375 17.625
Czecho-'Slovakia checks. 1.35 1.85
C?.ocho-Slovakia, cables. 1.35 1.35
Ex Dividends
Company. Par C?nt.
Am Plilpbulldlng Co... 8? E? 1 ?V*
do pf . 1 <Si
Am Sumatra Tob C7o. ZSa
Am Z, L. ft S Co, pi. 1H
Anaconda Cop Mfg Co . t
Associated l> G Curp. l
Atlantic Refining Co. pf. J %
Austin-Nichols ?!fc Co, foe, pf.. 1.%
Chicago Pneumatic Tool Co.. 2
Cons ?.leur Corp. Temp...15 atk
Crufclbl? Steel Co of Am. 2
K\ ?ti,,i:i ? Hrantlnghum Co, pf, 1 *? ;
Famous Players-Lasky Cor pf 5
International Nickel Co, pf.. I '-4
Kelly Sprii ?' eld Tir? Co.
?1* stuck 1 oath ',
Looae Wiles Blacult Co. ;'d pf. IV '
Midval? St.??; & ord Co. I
Mullliifi Bodj Corp. \
do >?% pf. t'
P.-re .Marquette It;,' Co, V T
C, prior pf. 1 ?* ;
Republic trou A ?teel Co.... 1 <?
Superior Steel Corp. .. 1 Vs '
United l>rus Co, 1st pf. % ''
V S Rubber Co. 2 I
da 1st pf. 2
Virginia-?''aro ?'hem c0. j
Vulcan Petinntng Co, pf.1 V ?
Dividends
Rate and Fa:
period able.
C P A C R R pf.$t.6?Js-a Nov J
Edison II of Boat.13 q Nov 1
Rxc Kuft^t Corp. 5'J >1 Opt 3 0
Ot Nur Ore ctfa..$7' ? Pen 15
t.oews. ?nc .60o <I Nov 1
Revillon. Inc. pf.l? q Nov I
La Ret S Cp stlc.5* D?e 15
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealing?
(Copyright. IJ>?0. N*w York Tribune Inc.)
Bay
hrfore.
131,400
14S.20O
274,600
Vear
ago.
Holiday
Holiday
Holiday
Yasterday
Railraoai stock. . 198,300
Other stocks . 279.600
All ?tacks . 475,800
Ycwterdny Day befors.
U. 8. ??T^rnment batlin. $7,1B2.0f>0 $3,231,000
Railroad baiu? . 2,104,000 1,622,000
Other bonds . 3,843,000 1,876,000
AH bonds . 13,099,000 6,728,000
January 1 to date.
1920. 1919.
33,199.800 50,091,300 23
138,216,100 184,117,200 79
171,415,900 234,208,500 103
Year ago. 1920.
Holiday $2,261,822,000 $1,933
Holiday 323,516 000 287
Holiday 285,194,000 306
Holiday 2,870,532,000 2,527
1918.
809 600
844,500
,653.100
I919.
,691,000
,119,000
,427,000
,237,000
Record of Stock and Bond Arfragcs
(Copyright, 19,30. New York Tribune IntO
Stork? Range thn* Bangs foil
Tartar- Day Tear far 1920. year W\*.
ter. befar*. age. High taw. High. Lew.
20 Railroad atoeks' . 72.00 72.10 Holiday 73.25 68.60 78.80 63.36
30 Industrial storks . 84.83 89.03 Holiday 110.30 82.63 119.33 79.20
50 Stock? . 79.70 79.89 Holiday 92.05 74.46 99.54 76.92
Bond?
10 Railraad bonds . 7M0 76.33 n?l!d?y 78.58 68.73 82.80 72.83
10 Industrial' bonds . 84.04 84.33 Holiday 91.46 82.92 96.70 "0.56
? Utility honda . 73.08 72.17 Holiday 74.83 67.64 87.75 71.80
2? Bond? . 78.79 78.69 Holiday 81.71 73.94 87.91 80.21
High. Law. Mr,
1920. 1920. Rat?.
88*4 38% 6 AJax Rubber
Sales. Ooen. High. I<?w. Close.
2% 1
3 VA ?
63% 28 t
93 76 8
62% 66 ?
103% 704? 8
48', g 39 3
61*4 30% ?
147.% 12*', 12
16?<
30%
122
53%
68
119!. a
93
109%
mi
30?/8
72
100? 4
60
93! a
142%
106%
100 %
283
9
9% ?
Alaska Gold Ml"??
Alaska Jumran . . .
Allia-Chalmers . . .
Amer Agr Chrm.
Allied Chem .
Amer Beet Sugar.
Amer Bank Sete. .
Amer Can
Amer Car & Pdry.
BO Amer llnif Kyn.
200
200
700
600
40
1%
2
327 n
200 83
600 56-14
700 72%
100 46' ?
1900 321 ?
66%
53
64i/a
61%
82
11% ~
16% ?
62'% 4
88 7
33' s 3
85 7
99 7
74'. ? 10
92', 8
104% 1Z
85% 6
70 7
91% 7
38 ?
44 6
49'-, 4
23 4
83% 6
6
973 4
1t}5%
105-7
61%
59V a
66?: 3
87'4
126
89% 76
82 72 5
12% 5 ?
104''a 82'', 7
1761/2 128% 10
114 103 7
24 14% ?
14?''a 100 7
49 27% -?
63% 40/, ?',
184!, a 114
9*% 15
102'a 67'j
114 103
96% $3
17
13V4
62
11 ?1/4
129
B'.-a
-11/a
28%
85%
46
751/a
134
7049;
61%
164%
68%
17'/,
14'a
33%
44
65
91%
120%
41%
S4%
71%
21/4
8
5
5
8
8
9% -r
B/a
48 --
59 7
84 10
4/a -
6/4 ?
10/4 ?
61 6
22/4 ?
65 7
10 10
40
33% 4
74 10
47 4
4% ?
7 ?
19% 2
30% ?
4334 ?
67 5
98 7
23% ?
64% 7
64 6
12% ?
Amer Hide & Leather
do pf.
Amer Ice Securities. .
do pf.
Amer Int'l Corp..
Amer Lin/teed .
Amer Locomotive .
Amer Safety Razor
Amer Ship A Com.
Amer Smelting ....
do pf.
Amer Sleel My. . .
do pf.
Am? Sugar.
Amer Sumatra Tob
Amer Teleg Ai Tel
Amer Tobacco .
do pf new.
A nier Woolen.
?o pf.
Am Writ Paper pf
Amer Zinc pf.
Anaconda .
Asso Dry Good?.
Associated Oil .
Ateh, Too A S?n Fo
da pf .
Atl, Blnn A Ail. ..
Atl Coast Line ....
Atl, Golf A W I. .
Atl Ref pf.
Austin Nichols .
Baldwin Lotorao^We.
Baltimore A Ohie . . .
do pf.
Barrett Compaay..
Bethlehem Steel ....
41 40 41 !
1% 1% 1%
2 2 2 ??
32% 32% 32%
83% 83 83% 1
57 56% 56% 4
72% 72 72 %
46% 46'/? ,46% +
32% 32% 32%+
400 134% 134% 134 ,1S4/a+
100 91/4 9/4 9% 9%
1100 10% 10% 9% 10 ?
2600 60 60 56:,4 68 ?
200 *38% 38% 38% 38%
100 ?507,, 56% 56% 66%?
1400 71 72% 71% 72/?+
200 66 67 66 67 +
1300 95 95% 94% 98 ?
1400 15 15% 15 151/4?
1500 17% 17% 17% 17%?
3600 69' 4 59' 2 59 59 ?
200 92%- 92% 92', 2 02%
100 38% 38% 38% 38% 4.
200 85% 85% 85% 85% \
1200 104% 104% 103 '103 ?
600 8?> s 88% 87% 88%
700 98% 98% 98% 98% ?
1500 134 134 133 133 .
100 90% 90 J4 90% 90%
72 71 71%?
92%' 92'.;. 92/?r?
B2iY
Net
rhge. Bid. Ask.
1%
1200 72
300 92' 'a
200 52%"
100 45
3400 31%
300 27%
300 92
t?.'14 bl ol ? :
45 45 45 -
61% 61 . 61%?
27% 27' a 27! 2?
92 92 92 -
2400 87% 88 87 87%
1600 78% 78% 78% 78/,?
400 9| 4 9% 9% 9%~
100 98 98 98 98 ?
700 143'a 143'% 141 142 -
100 109 109 108 108 ?
100 16% 15% 15% 15%-i
17900 110% 112% 110% 112 4
4700 46 467, 46% 46%?
300 33 63'/, 53 53 ?
200 127% 127% 127,% 127%?
100 68 68 68 68 +
do pf. 4100 6<J
G9(;
68% 69%-'
do 8?. pf .
Bklyn Kdlson .....
Bklyn Rapid Tran.
do ctfs.
Bklyn I'nion Gas.
Brown Shoe Co. ..
Hums Bros .
Brunswick .
Hutte Cop A Zinc... 200 6%
Caddo Oil . 100 16%
Calif Packing . 200 62%
Calif Petrol . 300 Si
do pf. 300 68%
Canadian Paciili ... 3400 120%
Central Leather . 2900 43%
200 103% 103''a 103% 103'/';
40 88 88 88 88
400 12% 13'
300 8% 9
700 52 62
400 60 60
400 ?6 97'/
200 7% 7'
200 6% 67
6%
200
200
2400
200
2400
1600
3600
Cerro de Paseo.
Chandler Motors . ..
Chesapeake A Ohio
Chic ft K III pf
Chic Gt Western. .
do pf.
Chic, Mil A St Panl
do pf. 4100
Chle A Northw'n. . .
do pf.
Chi, Rock Isl A P?c
do 7% pf .
do 6% pf.
Chile Copper
12%
3%
02
59
96
7%
6%
16% 10% 16%+
63 62% 63 ?
26 26 26 -
68I a 68 68 ?
127% 126% 126%?
43% 40 40%?
39% 39% 39% 39%?
78% 78% 78% 7834
87'. 66% 67%+
67
12 12 12
12/4 12% 12' a
28% 29% 28%
40 42% 39%
60% 63% 60%
1600 82% 82% 82
100 110 110 110
3700 38 38% 37'>a
200 82% 82% 82: 4
300 70 70 69%
441-4 24% V/t Chino Con Copper.
68%
40%
44%
36%
65%
67
80
93%
97%
1051/4
46%
65
43%
278%
66%
69%
85%
9
16%
147
21%
30%
95
?1%
44%
48
36%
19%
105
58' _
27% 4
28 3
20 ?
18
50 5
35% 7
73% 7
73 7
76% 4
23 3
50 6
30 2'
115% 8
36% 7
31% -
75 7
2 ~
2! 2 -
60 5
9% ?
17% -
65% 8
80 8
28% 7
19% 3
20 ?
67^ ?
89%
1400
1900
150
400 34
300 33
2900 19%
100 63'<4
100 72%
400 85' ?
200 73
1700 81%
200 27
100 58
100 36'
76% 58%
172 134
42 16%
89%
85%
93
85%
20 %
903/4
41%
28%
17%
78%
116%
23! 4
97%
27
61%
6%
16%
143%
116
72% 6
64% 6
76 !
48 6
16 2
65% 7
30 4
23
7 ?
50 4
75 ?
13 1
80% 7
?3% -
43% 4
3 ?
?%-.
110 7
103%
Clexe A Pitt?
Coca-Cola . 14100
Col Fuel A Iron.
C**\ A Southern.. .
Columbia Graph
Col Ras A Kleo. .
Cuneol Cigar? ....
Consol Gas .
Continental Can
Corn Products ....
Con Textilo .
Crer Carpet.
Cosden A Co.
Cnicible Steel . . .
Cnba-Amer Sugar
Cn^a Cant Sugar. .
do pf.
Denver A Rio Gr.
do pf . 1000
Endtcott-Johnson . . 200
Erie . 4700
do 1st pf_;_ 1600
Famous Player?.
do pf.
Fed Min A Smelt pf
Flek Robber Tire. . .
Freepart Texas. . .
Gaston Williams...
(?en Chemical Co pf
General Cigar .
General Electric Co, .
Genera! Motora . 4900 17?
do pf. 200 73
do 6% dob. 200 67
do 7% pf. 200 77'/
Goodrich, B F. 2700 49',,
36'
36'
SG'V
1700 130% 130% 129% 130
1900 38% 40 38'4 .193
890-1 34' g 34' e 32' , 33'
000 75% 70% 75% 75'
700 2% 2% 2' , 2',.
200 G9?
300 84
300 138% 138% 138% 138%
17% 18 -
(Cuan Sugar .
Great Northern pf. .
Gt North Oro ?nh?..
50 Greene-Can Cepper
C.uU, Mob A North
Has A Bar Car Co.
6734 673,
Houston OU . 1600 104% 106% 103% 103'
Hupp Motor? . 900 14 14 13?B 14
Illinois Central . 200 95 95 94' 8 94'
Int'l Agricult . 200 20% 20% 20 20
Inspiration Copper . . 1400 44
Inter-Cona Corp .... 700 43.,
do pf. 600 14/j
Int'l Harvester . 1400 113%
da pf.
51% 18% ? Int'l Mer Marine.
111% 70% 6 do pf. 200 73%
84 70 7 Int Met Tr 1st pf . 2C0 73
62%? Int'l Paper . '200 74
3% .60 Indlahoma . 2900 8%
16%? Int'l Nickel . 200 18
28 ? Invincible Oil . 3100 30%
6% ? Island Oil . 1100 6%
3% ? Jewel Ten. . 700 6"?
13%? Kansas Ctty South... 2100 24
40 4 do pf. 700 49%
>i2 4 Kelly Springfield _ 600 56
% ? do rights . 29C0 34
22 2 Kennecott Copper . . . 3400 23%
12% 1.20 Keystone Tire ....... 900 13%
61 6 Lackawanna Steel... 1100 61%
8% ? Lake Erie A Western 400 20%
16 ? do pf. 700 35
18% 2 Lee Rubber A Tire.. 200 1934
39% 3% Lehlgh Valley . 1500 63
130 12 Lig A Myers Tob Co 200 145
99 7 da pf. 100 100
44
400 107% 107% 107% 1073,,
91%
?%
26%
47I/4
7%
21%
27%
?2%
132%
1%
33%
48'/g
91%
24%
40
38
55%
?0?
110
36
28
112%
69%
641/4
161%
86
36%
39'
88
93%
137%
222
24/4 .
60! .,
6434 55',
Loews, Inc. 2?00 19?,
iOJ4
18% 2
11% ? L*ft Candy . 200 12'
94 7 Louisville A Nashville 200 106
60 ? Mark ay C?e. 900 623
69 4 do pf. 200 50
87% 10 Manat? Bagar. 100 90
38% 7 Manhattan Elevated . 200
3% ? Maxwell Motor ctfs. . 200
3% ? do 2d pf ctfa. 300
3% ? Maxwell Motor . 1200
7% ? do 1st pf. 1600
69% 8 May Dep't Stores_ 400
148 12 Mexican Petroleum. 19600
26 18", 2 Miami Cans Copper.. 300
71% 10% 1.?0 Middle SUte? Oil....
32% 87V? 4 Ml*? ale Steal .
9 ? Minn A St L new. . .
3/, ? M?, Kan A Texas...
do pf.
Mlsseari Pacific _
da pf.
Mont Ward .
Mollina Body .
3% National Acme .
National Aniline _
do pf.
Nat Con A Cable. ...
Nat Enara A Stamp. .
National Lead .
N R R of Max 2d pf.
Nevada Can.; Corp. . .
New Or, Tex A Max.
New York Central. . .
N Y, Chic A St L...
New York Beck.
N Y, N II A H.
1 N Y, Ont A West.. .
7 Nerf oik A Wiwtern . .
7 Northern Pacifie .
5 Nov? fkvtia Steel
4
21
11
18
31%
35%
4fi
51
4C
86%
98
13
8?%
93%
8%
17%
?0%
81%
C4
48%
37%
27% 16
103% ?6
92 4 88%
77% S8
21 ?
36 ?
25% ?
27% 4
32
B3 7
0% ?
so e
70% 6
4% ?
10% ?
31 ?
84% 5
23%
ao
23%
3900
1300
700
2900
100
8800
2900
200
200
1600
400
185% 137 .
19% 19',.
2!
277, 2714 2734
5238 5134 ??2'8
27/, 27% 27'B
29 28'.'a 28' --
33% 32% 32%
56' 4 55% 55%
89'a 89 89%
7% 7% 73a
5734 67% 3734 5734
74 74'4 V4 74? 4
6% 6% 6% 634
11% 11% II34 113,4_
59'4 59? 4 Sfl34 58J4
78% 79% 78 79 -
52 62 52 52 -
25% 25% 25/2 25' r
34 3438 33 V 33%
23% 24'.4 23' - 23%
900 100% 100% 100% 1001 j
2600 88(4 90 88' . 88' ^?
200 40 40 40 " 40 -
200 89
400 73,
200 573^
500 74
2400 67B
200 11 34
700 59' 4
4700 78' 4
200 52
200 25/,
9600 34
1100
nigh. Low. Dit. w,t
1920. 1920. Rate. Sale?. Open. High. Law. Clwe. chg?. Bid. Ask.
5% 3% AOOMa Prod A lt?f . . 400 4 4% 4 4- 3% 4
9% 5 _ Ontario Silver . 100 5 3 6 5 ? % 5 6
157 107 8' Otl? Elevator . 200 128 125 125 128 - 123 125
4178 19%? OH? Steel . 200 22 22 22 22 4- % -21% 22%
7P 27 4 Pacific Development 700 27% 27% 27 27- 28% 27
61% 41% 5 Pacific Ga? A Elec. . 600 62% 53% 52% S3%4- % B3% 53%
116% 71% 6 Pan-Amer Pet . 7900 88% 89% 88% 88%? % 88% 88%
111% 67% 6 do B . 1600 82 83 82 83 + 1% 82 83
44 37% 3 * Pennsylvania Rail . 2700 43% 44 43% 43?'?? % 43% 44
36% 16 7 Penn Scab Steel .... 200 18% 18% 18% 18%? % 18 19%
42 ?7 ? People? Ga? A Coke. 600 37% 38 37% 38 4- "4 38% 40
32 22 ? P?re Marquette - 2??00 28 28% 27% 27%? 1 27% 27%
571/, 37 _ rfr> pf . 200 62% 53 52% 63 ? % 82% 53
427 30% 3 Philadelphia Ca - 4100 38% 39% 38% 39% 4- ^4 39% 39%
82% 133 ? Pierce Arrow . 1600 34 34% 33% 33%? -^ 333/4 34
108'. 88% 8 do pf . 200 89 89 89 89 ? 1 88 94
2,!i? n __ Pierce Oil. 1200 14 ?4 13% 13%? 1 13% 14%
98 79 8 do pf '...:. 700 80% 80% 807k 80%-: 807'9 81
72% 51% 5 Pittsburgh Coal .... 900 67% 67% 66% 66%? % 67 67/,
39% 21% ? Pitts" A Went Va ... 2700 36% 36% 35% 35%? % 36 36%
27,31 i2i-2 1 pond Creek Coal ... 200 16% 16% 16 16 ? % 16 16%
50% 36 ' 4 Pure OU . 200 39% 39% 39% 39%-' /, 3*9 39%
124 108% 8 Pullman Co . 200 111% 111% 111% 111%? 1% 111% 112%
120 66 8 Punta Alegre Sugar 2800 68 68 67 67 ? 1% 67'4 68
22% 13% 1 Ray Con Copper. 2,100 14% 14% 1,4% 14%- 14% 14' 2
101% 64% 4 Reading . 17600 96% 98% 96% 977,4- ,% 9734 98
4734 32% 2 do 1st pf. ?00 47 47 47 47- 46% 47%
50% 33% 2 do 2d pf.... 200 50 30 30 60 - 49% 51
23 10 ? Heh & Co. 100 10% 10/, 10!', 10%+ /, 10% 13,
124% 72% 3 R?rp Iron & Steel_ 4600 75 78 74% T6 ? % 75% 78
553,4 2f; ? Rep Motor Truck... 1100 32% 32% 32 32 ? % 31% 32%
123% 69% 6.?0 Roy Dutch N Y ?lis 4900 81% 81% 75% 78%? 5% 76 76%
177s 14 ! St Joseph Lead _ 300 14 14% 13% 13%? % 13/, 14
33% 15% ? St I.oui? A San Fran 4760 31% 31% 31 81/a? % 31% 31 %
40 11 ? St Louis Southwest.. 1600 34 35 33% 34%? % 34% 34%
?15% 20%? do pf . 1400 40% 41/a 40% 41/a+ % 41% 42
11% 6 ? Seaboard Air Lhto. 1200 9% 9% ' Ws Wz? % Wi 10
20% 10 ? do pf . 200 17 17 17 17 - 16% 17
243 109 8 Sears Roebuck . 2400 116 116% 113 113%? % 115% 116
13 8% ? Shaitcck A Artxon?. 200 8% 8% 8% 8%? % 8 8%
90% 45% ,74 Shell Trans A Tr. .. 4400 50% 60% ?48 48 ?2% 47% 48
25% 0% 1 Santo Cecilia Sugar. 200 10% 10% 10% 10%4- % 10% 11
48% 23%? Sinclair Oil . 5100 31 31% 31 31%? % 31/, 31%
82% 09 8 Sloas-Sheff Bt A Iran 100 63 ?83 63 63 ? 1% 63 64'
105% 88% 8 Southern Pacific .... 17400 99% 89% 983% 9914,-? 99% 99', a
310 100 20 So Porto Rico Sogar 200 117 117 117 117 + 2 112 118
33% 18 ? Southern Railroad .. 10700 31 31% 30% 31 ? % 31 31%
66% 50 5 do pf . 400 65 66% 64% 68 ? % 65 66%
850 600 20 Stand*r4 OU of N J. 40 620 ?620 819 619 ? 2 620 625
113% 100% 7 do pf . 1600 105 103% 103 106%-?- % 104% 105%
118% 50 4 Stromberg Carbureter 700 65% 67% 65% 87 + % 68 69
126% 53% 7 Studebaker . 17600 54% 55% 64% 55%-f- /a 55% 55%
203B 17% 2 Superior Oil . 300 17% 17% 17% 17%? % 17% 18
13% 9 ? Tenn Cop A Chem.. . 400 9% 9% 9% 9%.? % 9/a 9'i
63% 40 3 Texas Company _ 20900 49% 50 49% 49%? % 49% 49%
47 20%? Texas A Pacific. 27600 20% 20% 17 18%? 1% 18% 18%
53% 31 ,25 Tex A Pac C A Oil 2400 33% 33% 32% 33 ? % 32% 32%
95/a 67 6 Tobacco Product? ... 700 60! 4 66% 65/a ?6 ? % 65% 66%
106 83% 7 do pf .,. 200 83% 85% 85% 85' 2-? 85% 85%
38% 9 ? Transcon Oil . 1700 11% 12 11% 12 - 11% 12
127 73/a 8 I'nion Bag A Paper 200 83% 85% 85% 85%+ "a 83 87
38 25%? l-'nion Oil . 900 27/, 27/, 26% 26%? % 26% 26%
129% 113 10 Union Pacific . 6700 126 127 125' ? 126 ? % 126 126%
69% 61% 4 do pf . 400 67% 67% 67% ' 67%- 67 67%
224 176 12 I'nited Fruit . 800 202 202' 3 201% 202 - 202 203
14 V/a ? Cnitcd Ry Invest_ 400 13% 13! a 13 13 ? % 12% 13
2934 13 ? do iif . 1200 271/2 27'3 27% 273/4? % 27% 28
25/2 I2/2 ? U S C I Pipe A Fi>. 400 16% 16% 15% 16%+ Ta 14 16
52 40 5 do pf . 200 41% 41% 41% 41/,+ % 41 4234
37% 6 ? U S Express. 200 6% 63* 6% 6%-4? 6% T
78% 46% 6 l* S Food Product*.. 1100 47% 48 46 47 ? 1% '*6% 47
116% 77% 8 ?" S Ind Alcohol.. . 800 83% 83% 82/a 82%? % 82% 83
96%, 50 3 1'nlted Retail Store?. 270O 723? 74 71% 72%? % 72'% 73/,
U334 74% 8 ? 9 Rubber . 4600 78 78 773? 77%? 1 77% 7734
?15% 101 8 do 1st pf . 200 108% 106% 106% 106%? /a 106 106%
'09 83% 5 V H Steel . 27600 87% 87% 86% 87 ? % 87 87%
115% !04-3H 7 do pf . 6QO 108% 108% 108% 108% - % 108% 108%
80% 56% 6 Ctah Copper . 2900 59 607, 58% 6934- 59% 59%
'27d 7 ? I'Uh Sec Corp _ 200 11% 11% 11% 11%? % 11% 12
97 42 6 Vanadium 8tee] _ 6700 64 64% 62% 64/4+ % 62% 6334
80% 57 4 Va-Car Chemical ... 300 B8% 69 88% 68%-?- % 68% 59'4
21 11% 2 Vivaudoii, Inc . 400 11% 11% 11% 11%? % 11% 12%
13 7 ? Waba?.h . 2900 12 12% 11% 12%- 12 12%
34% 20%? do pf A . 700 32% 32% 32% 32%+' "4 32% 32%
23% 14 ?. do pf B . 200 22% 22% 22% 22/sH /a 22 22%
15/a 8% ? Western Maryland . . 2600 14% 15% 14% 14%? % 14% 13
23% 11 ? do 2d pf. 8900 23% 24% 22% 24 + 1 23% 24",
40 2C/2 ? "Western Pacific .... 200 36% 36% 35% 36 ? 1 35% 36
7b 54% 6 do pf . 200 7434 75 74% 75 - 74% 75
119 93 7 Westing Air Brake.. 400 99% 100'% 99% 100%-.- % 100 102
551/2 44' a 4 Westinghouso Mfg ., 1100 46% 46% 46% 46%4- % 46% 46%
??i2% 40 5 Wilson Co . 300 62/, 52% 52 52 - 52 54
10 9 ? Wheel A Lake Erie. 1600 14% 16% 14% 14%-14% 15
69% 42%. 4 White Motors . !_ 200 ?4% 44% 44; 3 44%? 1 44' g 45
32 10 ! Willys-Overland . 3900 10% 11 10% 11 + "4 10% 11
03 58 7 du pf . 400 66 66 b2 62%? 2% 62 64
48 21 ?- Wisconsin Central 200 40 40 40 40 - 40 43
140 .100 8 Woolwerth . 400 107% 108 107% 108 ? % 106% 103
32% .24 ? Wickwire-SponceT 200 28 28 28 28 4-2 27 28
*Ex dividend
Bid and Asked
Ad? !lumoi>
tio pi .
Alb & Sus...
''It aim pr.
HU. Asked.
MO
EK. Aslrtd.
Int Nickel pr 81 S.I
l?t Salt _ B7j
Iowa C..-ntra!. i : 13
^^^^^^^^^^?.- ?Jotuw T.:a ... 1 H>%
Am Ag Cli pr S8% 87% Kaysor / ...'?JO 05
A Bit N?to pr 4H 4.1 KCVSAM pr. 5T
A Beet S pr. ? 82 ! Kelly Hpr pr. HOV. 83
A 1) S i 1", . 49 7,3 do s pc y:.. <.u 93
'? o pr ..85 87% Kelaey Wheel, 48 ?a
\n Can pr. .85% 87 ' do i>r . .SO
A ?' & K pr.108% 114 Keok ft I> M. tj
A Cot oil pr. 84 70 : do pr . Si) 50
Am Ki-press..l41 150 [Kress -A Co.. 80% M
Am loo Sec pr 58% 59% Lm.-le.ie Us?... 44' 4i3
Am I,a France 10 toy* 1J|i .* M 1'. 141 150
A Linseed pr. 83 s>7 : ?Jo pr . ti<> 101
Are U .1 pr.100% 101% L-W Biscuit. 37% 40
1st i.r... in 104
2d Br...l03
?3
Am Hhlpbldg.
Am Sta pr A 18
Aw BnulT _103
do pr
1 'JO ?
Lorlllard pr.. us 101
103 |I-oulsf *. N.106 108V
S7 .Hanau Siu*r 90 93
?um T pr. 85 89% do l"" . 85 88?,
31 Mannst Beacli ?.4 2V
:?)\ Man Kleo Hup 51 59
65 ?lo pr .100
11% Mar Ilodrwell. - - 38
50 -Msr.'.n Ptrry. .10 HO
23 IMat Al \v... ?j? ai
? ?Mas ? '
Ma> Ijo 8c pr 95% 1O0
Mea Vet pr.. 91
Mich CVotraH 90
MSP& a s M 8?
A m Tel & C. 47
A '?" ? pr new 80
Am Wli pr... po
?Vni Ziuo ... 11%
'Ii pr ... . 45
Ann Arbor .. 20 25
|do pr . 30 33
A 1? Q let pr 58% GO
d ? 7.1 pr... 52 ,-??;
Asso 1 m ... 87 92
Atlantic C I, !>',% 9S
AO.& \V I pr 62 08
Sties Co : % :
1 ;
pr
?%
JO
100
93
88
17?..j Loco pr 9
Uarnsdall . . . 4
do li .._ 3
Burnett Lea.. 4
08 ,
isH^
do lad lines. 'I
>to.Tls & Kjl. liO
MuliUis Body. . Vj
\i
pr
?jh & Oist 104
_Js'jt i',l.i.:lil'....;?i.'i
.1.) nr i^^^^B??? ''.> ??''">
Barro? Co pr.101% 103"v4?[-N"at d i d- ?r
Hl.'.'iplllUI M, . %
Beth 8 7th pr 90
10?
107
197
KdUon
Bums Bros
06
pr
9*
BulT 11 & P. 60
? ?
80
I'll IT ^^^^
do pr . ... ijj
Bush Term. .. ?
Hutte C ft Z f
Cil * AriJS.. 55
f-'sn Southern. 3d
Oase J I pr. . s ,
' eut Lea pr. l>?
1'?'''? of N' J..214
'ertalnteed . .. 45
"i.I ft Alton. 12% 14
68
70
82%
17'i 18%
7 3%
do pr
I!
& E 111... .,
Ill Pneu'Tool 80
7 S ['Ills,
' -c; i' m & o 60
do pr . .., 90
C C C &?B ?, 54
do pr ... ??,:
luett Peab. .. -
do pr . DO ,??,,
0 ft H 1st pr 53% 54%
do J t pr. . . 4H
"?.1 Graph pr 77
7omp Ta!. Ree 48
Con Olgars pr fin
'?'? ' 1 !an pr.. 97% im
"?>? ! Ins Co. ??% 72
7i.it, Hn?.l pr.100 101%
'r?i Carpet .. 53 60
"ru Steel pr .91 9;
"u Am Su pr ,i>2 9 1%
?ivre to pr.. 02 95
?> l & w
r
95 N H A S pr. 88 94
90 Mai Lead pr. 101% loo
97 . s'lUt M 1st pr 9
113 N Y Air Br. 9 ?
85 NYC&SL lut. ?a
100 ! do 2a pr. .. till
N V hock pr 45%
34 N Y U ft \\ ;;>
65 Norfolk So . 19
Vor!' A W pr. 87
58% N'orth Am
50 Ohio Holy
??? ? SilTor
90 ??tit Elei pr
Otis Steel pr..
Owens Ik-! M. 47% 48%
' IT". 96 101 '
'' ?' "A'. ? 25 4fl
.. . 2d p?.. 4", 00
Rl% Pacific Mail.. -
. 1 I'?.- Tel A T. 41
7.? Hurish i- IUr.? 2H
I'enn I C pr. . 7? ?,
5S% Heorls & i:. ;4 ],;%
70 Per? M prl pr iv3.% n
h7 P C C 6 S I? S3 **%
100% PetU Mill-.:... 33 40
ilo Ut pr. .. 92 1!5
Pteir-e Oil pr 81% 83
fitta Cosl pr. 84% 85%
P W & C.U3 120
Pitts Steel pr. 45 ??
r & w Va irr 7;
Pr St Car pr !r9
f S C -V J . d2
Itj i-teel Ppr. 94
do pr .lt>4
'Und Minn?.. 5S
101
43%
27%
49V4
80%
I?2
no
2"40
pr 70
23% M
IVor?
Del EdUoi
"??'? I'll ItR. > - 4 ..;
Bast Kodak. .325 530
*to pr . ...100 103
1 S S H K 9U 11
Durham lins. ; -i " /,i
7" yr ??? ?'?- 93
"' St Bat..118 130
?lkhoni c pr. 82%
r7i-> B-aji! . 11
;.'!'?ll John pr . ?,
?>ie ? Pi:-- 4
trie i pr. . 20
?"?! Mis
?lo pr ion
'?00 Cherr .40
Hero T> 1st pr hi
Il..i:s?fl,?er ... ? "10
It I ft S irr.. 91 9?
Ravage Arm*. 23 OS
^.?srn )ti.w pr 10.? Ho
S-8 Silp. 83% s>)r%
S P B 6utar.no u?
1 ?to pr .I113 105 <
Sun lard Mill 120 140 /
I fl? Pr . .. 74% so
? V-i-i! Un-* pr. ?4,-l?, f.,-:/
Studebsker pr. 85 80
Sup Htoel . . 4< 4?
do pr .. .. 97% 98%
.... T & !? Id tr.?0 ?25
21%(Tidewater Oll. 190 ?>.
|%[Tub Prod pr. 85% gj
ot o ?-t |v-., .,11, rnv pr. .
!???,:. 1?U ho ; r -1 L ft \V. 1
pr
59
IM
.?>?. A-u Tank '
?>-ii Clgsr pr 68
do pr Uni.'. 82%
rodriah pr.. hi
?ranb\ M .. S3
i M ft N pr 80
?Ulf St S?eel 43
lirtr?in LV.rp 74%
rortwtak.? . . 48
nt Agri pr . ~t
B M T 2d pr 60
nt P?rer pr.' P,
<l" Pr itpd.. ?;.?
pr
18
Tra.'.s A W K 42% 43
Tvritl ? V.y II T 38 40
do pr . ... i-3% 85
l'oiiflrwooii T l?o ?70
'lo pr . .102 ur
1 n Ci?ir St .ISO 1'66
I do pr ..... 99 104
?ntted Dru?. ,:05 jbo
do Ut pr .. 44% 45
I H Kxprrjsa. . 6% 7
?': * I AI pr. S8 9?
17 U R 1st pr.105% ?w%
USS ft H pr. <l% ?3%
v? Cir <Si r?-.105 !0i%
\ ? 1 C ft ??.Jll lti
Bid. A?k?l? PIJ. Aa%eA.
Walls Panro . 67 KO 'Wir* O pr.. 63 6S
West Pso pr. H 7'.%,Wdolmnh pr 108 107
'. ?wt I7n- Tel. 84 84%?WP ft >.t pr A 75 SO
i Vrilsm Co ... 5? 64 : do pr B_ 62% H
j Anaconda Copper
Sells $25,000,000
Bond Issue Here
?National City Company and
Guaranty Purchase Offer?
ing; Official Announce?
ment Expected To-morrow
Official announcement was rr;ade yes?
terday that the National City Company
: and the Guaranty Company o? New
York have purchased an isaue of $26,
000,000 of bonds of the Anaconda Cop
: per Alining Company.
Details of the new financing were
! withheld by the bankers, although it
; ia understood that the bonds ere of
; fairly long maturity, probably ten to
?fifteen years. Formal announcement of
terms will be made to-morrow, when
; the bonds will be offered for public sub?
scription.
The Anacondt has outstanding $25,
; 000.000 ten-year secured gold 6s, scries
' "A," of an authorized issue of $50,
, 000,000 Bold early laftt year. These
bonds were offered at 98'ra, and interest,
| to yield close to (5*4 per cent.
New Haven Stockholders
Approve Mortgage Plan
Canadians Seeking Boston &
Maine, Meeting Is Told;
Eoonomv I? Urged
NEW HAVEN. Oct. 11.?A general
mortgage On the New York, New Haven
& Hartford Railroad was approved at
?i stockholders' meeting to-day, as
recommended by the director?.
The meeting was slimly attended by
tockholders. President Pearson made
:i general statement concerning the
road's affairs and the object of the
mortgage. He was followed by Vice
President Bucklend, who gave an analy?
sis of the financial condition. The
?-?resent indebtedness is $292,278,000,
which is an increase of $23,325,000 over
'.hat in 1913, when the present manage?
ment came in. Mr. Buck'.and stated
tha'. tho road's business i? growing and
it is a big problem to keep up develop?
ment with the demand made upon the
property.
After Mr. Buekland had gone into
the finances of the company he was
questioned at length by* Hagop Bogl
gi&n, of Boston.
Mr, Bogigian asked what salaries
the officers were receiving and whether
the road was practicing economy.
Mr. Bogigian asked if the company
would stand in the way of consolida?
tion with the Boston & Maine, should ,
the government group that road with j
the New Haven. He* e aid that if thai
Ne : Haven aid not look eut, Canadians i
would get the Boston & Maine, and '
this would prove serious for Boston,
Portland and New York.
After approving all impositions on
the ballot the meeting whs adjourned
until November 11.
In Wall Street
Whelan Propertle? May Merge
Another merger of Wbelan tobacco I
properties is said to be under way. |
According to reports that nre generally
credited the next enosolidat?on will in?
clude Philip Morris & Co.. the Tobacco
Products Export Corporation and the
United Profit Sharing Company. It is
understood that the three will be ein- !
solidated under the name of tho Na- I
tiortal Tobacco Company. Both Philip '
Morris and Tobacco Products Export !
were formed early in 1919. The former
acquired the business of that name ;
in the United Stales. Tobacco Product* j
Export acquired the foreign business'
of the Tobacco Products Corporation 1
and shareholders were given the right
to subscribe to the shares of both com- I
panies. United Profit Sharing was or- i
ganized to take over the coupon busi- '.
ness of the United Cigar Stores Com- ?
pany and in addition launched a chain I
of retail tobacco shops in Canada. Ac- ;
cording to present plans shareholders
of tho three companies will be given
the right to exchange their shares for
stock of the proposed new company.
Teia? & Pacific Goe? Lower
On renewed selling Tekas & Pacific |
shares broke?*to 17 yesterday, a new
low on the current decline. In con?
trast to the break lart week there wtp
few rumors to account for the fresh
outbreak of weakness, except possibly
a statement regarding the company';* j
adventure in oil. It was said '.hat of
the two wells sunk on the road's right :
of way in Texas, one has thus far
failed to ?how returns, while operation? ?
are still being maintained on the bee- !
ond in the hope that it will yet be
turned into a producer. This hole is I
said to have already gone to a depth j
of 2,700 feet without results. These!
wells were the only ones begun by the '.
railroad following the original talk a j
year a?o of the possibilities for oil j
in the region served by the company. '
In liouisiana, it was stated, the road ;
is opera-ting about "eleven wells in the
Bull Mayou country with a daily output
of approximately 400 barrels.
Zurich Loan Closed
After several weeks of negotiation
the Swiss city of Zurich has closed
with New Y'ork bankers for a loan of
$?,000,000. The securities will consist ''?
of twenty-five year 8 per cent bond? i
and public offering is expected to he ?
made toward the end of the week. The ?
city of Berne, another Swiss munici- j
paiity, is also in the market for funds |
and bankers said yesterday that an- '
nouncement of this operation might'
be forthcoming at any time.
Bankers Calling Loan?
Heavy calling of loans was reported
yesterday and it was this development
which was held responsible for the
sharp run up in call money rates at
the exchange. After renewing at 7%
per cent caLJ money rose to 8 per cent
in the cany afternoon and subse?
quently jumped to 0 per ce-nt, the
highest rate in several days. J. P. Mor?
gan & Co. were said to be active in
call loans yesterday, and the presump?
tion is that the bankers were preparing
ior the Anglo-French loan maturity on
Friday. Funds aggregating upward or
$200,000,000 accumulated against this
mfturity have been out on cal!
for a fortnight past. In financial
circles the opinion prevails that, call
money will likely be firm most of the
current week. To-morrow the Treas?
ury will withdraw $8,!"00,000 from the
?ocal banks and there will be further
withdrawals on Thursday.
Another Break in Silver
Another sharp break occurred in the
price for foreign silver in the London
market yesterday, which was followed
by a similar movement here. The New
York quotation was 83 Cents an ounce.
a decline of 2% cents from Saturday'?
closing figure. This is the lowest price
foreign silver has reached sir.ee the
break of June 17, when the market
touched 80 cents. The present slump
is a reflex of developments in India.
Exchange on Ir.dia in the London mar
ket fell sen.-iitionally yesterday, tum?
bling to 1 sh:i!ing 6Vs pence! Indis
has been steadily absorbing gold of
late and is said to be exporting silver
in order to pay for its gold purchases.
Coca Cola Break?
Bear op?;rators selected Coca Cola as
the particular target for their sharp
Bhooting yesterday and succeeded in
driving the stork down at one 'time
almost five points below the high price
of the session on tho Stock Exchange.
The rapidity of tho declino in the
morning trading suggested that the
drive was successful in. bringing about
the liquidation of a considerable
amount of long stock. At 27H the
stock reached u new low level for the
year. Toward the close the shorts
decided to take in some of thoir profits
and by the clost* had caused c rally to
29^?, which was still 1% points under
Saturday's last sale.
Slmms Petroleum Deal
Probably the largest sale of spot
crude oil this year has been consum?
mated by the Simms Petroleum, which
has sold 500,000 bnrrels at $3.45 a bar?
rel, or a total of $1,728,000. All the
oil was produced from the company's
well in the Homer field and the price
represents a premium of 20 cents a
barrel over the posted market price
for Homer crude, interests of the com?
pany said yesterday. The tanks in
which the oil has been stored are not
included in the purchase price. De?
liveries are to be made f. o. b. tank
cars f tho buyers. The Standard Oil
Company of Indiana purchased 300 000
barrels of the total and deliveries art?
all to be made by November So to ?ta
tank cars. The other 20?),000 barrel?
are Bold in Texan to an unnamed
buyer, deliveries to bo made in Novem?
ber and December. With the consum?
mation of thi3 Kaie it is stated that
the Simms company has in its treasury
$4.490,022 in cash. Production ia now
running in excess of 4.000 barrels a day.
Car Movement? Improve
That the efforts of the railroad man?
agers to maintain the Improvement in
transportation reported since the car?
riers were turned back to their owners
on March 1 is continuing is ?shown by
the latest statistcs. For the week
ended September 25 there were moved
994,687 cars of loaaed revenue freight,
compared with 987,041 cars in the cor?
responding period a year ago and 091,
980 for the same we*k of 1919.
Local Bond Men Entertain
Investment bankers and bond market
experts from other parts of the coun?
try, particularly the West and the
South, who attended the annual con?
vention in Boston last week, stopped
off in New York in large numbers over
the week end as the guests of local
bond men. The visiting bankers and
brokers enjoyed a continuous round of
pleasure at the expense of their New
York friends, most of them returning
home late Sunday and early yesterday.
Paris Market Irregular
PARIS, Oct. 11.?Prices were irregu?
lar on the Bourse to-day. Three per cent |
rentes, 54 francs 10 Centimes. Exchange
en London, 53 francs 18 centimes. Five ]
per cent loan. 86 francs 10 centime?.
The dollar was quoted at 15 franca 19'i :
centimes.
London Money Market
LONDON, Oct. 11.-Bar silver, 53Hd '
per ounce; bar gold, 117a 3d; money, j
4!-i per cent; discount rates short bills, I
5% per cent. Three month bill?, ?Vi?
31?-?6 per cent; gold premium? at'
Lisbon, 140.00.
Babcock & Wi?cox
The largest and mint inceeta
ful makers of Steam Boil era In
the world.
No funded debt.
No preferred stock.
Uninterrupted dividend record
for over 30 yean.
Now paying H% per ai
We offer the ?iosk
at m price to yield
7V2%
BRISTOL?? BAUER
YIO BROADWAY NEU^YOIOL
Phone R?dor 4594
Investment
Securities
Charles E. Brickley
? & Co.
Members A,'cu> Y'.?r.?f 5ivr.lt Estehang*
61 Broadway S3 State Street
NEW YORK BOSTON
Kansas City
Southern
1st Mtge. 3a 1950
to yield 6'4cc
St. Louis & Southwestern
Term. & Unif. 5s 1952
to yield 8%
Miller, & 6a
i^ernhers
UevJYork. Stock xxcrianiM
EQUITABLE BUILDING
120 Broadway New Y0nk
STANDARD
NEW ISTH ^$W M%n.rn ro
KIIITION M INTKSTOM
STATISTICAL ? yni,
BOORI,KT * KIQI ^1
ISSUES
CARL H.PFORZHEIMER S CO
1
I
I?ea)?ra !? Kiudud OH Hfririltai
'*???? **H-l-2-s~a trat? ti mraa? el. S. Y
"Tho Oil Industry"
Daeeftai U the iKtmraaH atl fc?y?ll h aM
aa..ur.?e\. fweMeeei an*w?.
If fe*i eaa eeajeeee
R.CMeoapgel&COl
Oil Prices Advanced
PITTSBURGH, Oct. ii
pal crude oil purchasing kg?
to-day announced an advin
grado from $4.17 to $4.4fi . *
was also announced I
in future would be divided to ?tw?
grades. All above B8 pro? ??. ?
known us "Soni
market price, beginning with I
runs, would he $4.60 a ban
regular gra.ie of Somsi ?. r \>
changed at $4.25. Somerset il a K-n
tacky oil.
Western Power of t imada, ltd
Western Power I ompai .
Ltd., Vancouver, H C., r*p< i ?
month of Aup-.i?;
$47,312, an ?ncr? ?
comparad with Augu H net
earnings of |28 04, a
per cent. For ? ended
August 81 the compai
:ng revtnues of $520,711, an
1Z.9 ?irr cent ov,-r t.'.o COI ,'
period in 1919, and net earn ?|
$311,31?, an increase of 6.? per cert,
$.3,000.000 Sto.k Dividend
WO! ..'ESTER. Mm?., ??, ?
Graten & Knight Man .-'
pany to-day declared a $3.000.000 ?tock
dividend, which ?a?ii be paid
holders of common ?tock at the rate ef
three shares of the new for ever} '.wo
shares of the old.
? . i ?
Financial Item*
At the annual meat ng if
phla A ll-ad::.* ( sal and
Robert 3 Cary Qeorfe I' ? ?
lam i> Pollard, Robert
Jacob (Timer an.l Oeorf"
~]*ri'.(l directo*?, constitu? as *
new hoard. W J. Richarde -- r ? tad
praatdent
Dante! A lierle.-h has
sener?; agent of the item } ? ?
line?, With he?d'!M.\rt. re
Bolldlnc, IM remple Street ? ?
Conn.
But!? Ti- itlM I
ended
per cent, and for
b'.ne.l ft p.,:
Stroud * Ca. have apenad ?ft.-?? at ?I
Hroadw.av or?.. ?
La. da, f?arn erljr ?conn ? .
id an?
Sitar? <'ampany.
Donald rt. ?tewart, formar!;- ?*!"
tirant & Co.. hae becerra ea; o(aie-1 ?t?
the arm of Rallias. KaJhfle'e.-h A C
?' ?er- ?M.ne ?f th? New York at - >-t-li?iir
?t> miniiir ?e ih(?, . , .,
ment

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New-York tribune. [volume], October 12, 1920, Page 14, Image 14
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924