New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 12, 1920, Image 15

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New-York tribune. [volume], October 12, 1920, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 12 Oct. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-10-12/ed-1/seq-15/>

Newspaper Page Text

W. F. Ladd & Co.
Investment
Securities
New York
Exempt from
Federal Income Tax
Cleveland, Ohio,
6cr Coupon Bonds
Duo Sept. 1, 1928
These bonds are legal invest?
ments for Savings Banks and
Trust Funds in New York, Con?
necticut, Massachusetts and
various other States.
Principal and interest payable
in New York City.
Price 102V 2 and Interest
Yielding about 5.60%
Our complete list of Municipal Bonds
cxiil be sent to investors on request.
Estabrook & Co.
24 Broad St. 15 State St.
New York Boston
Baltimore Providence Sprtncfleld
National City London Branch
The National City Bank of New
York announces that its main London
branch, located at 36 Bishopsgate, has
been opened, and is to be known as
the bank's London "City" office. The
bank has also onened a London sub
branch at 11 Waterloo Place, which
will bo known as its "West End" of?
fice. The opening of these two new
offices gives the National City Bank a>
to'a! of fifty-eight foreign branches.
Belgians Will
Enter Chinese
Banking Group
Application for Membership
in International Consor?
tium Approved at Initial
Meeting in This City
To Settle Many Details
Financial and Industrial
Status of Nation To Be
Established by Discussion
Delegates representing tho leading
financial interests of Great Britain
Franco, Japan and the United States
met yesterday at the Chamber of Com
merce in tho first of a series of con?
ferences of the Chinese consortium at
which problems o? international impor
involving the future development o
China's natural resources are to re
ccive careful consideration.
Two sessions of the consortium were
held, one in the forenoon and one ii
the afternoon, and aside from the or
ganization of the meetings the mos
important action taken was the ap
provnl of the international bankini
group of the application made by th?
Belgian banking group for membershij
in the consortium. Thomas W. Lamont
of J. P. Morgan & Co., who was chosei
chairman of the conference, announce?
after the afternoon session that th
approval of the Belgian participate:
had been taken subject to the approva
of the British, French, Japanese an
American governments. The Belgia
group comprises the leading hanks i
Brussels, Antwerp, Ghent and Lieg?
Tho entrance of the Belgian banker
into the consortium makes the inter
national agreement a live-power com
bination, as it was originally befor
the war, when tho German bankin
group constituted the fifth member. I
their application to join the consor
tium the Belgian group agreed to tur
into the common pool a number c
valuable concession? held in China b
Belgian banking interests.
Delegates present'1 at the first sei
sions of the consortium"were:
British group?Sir Charles Addii
manager of the Hong Kong and Shanrj
hai Banking Corporation, and S. 1
Mayers.
French group Captain Rene Thio
de la Chaume, general manager of th
Banque de l'Indo-Chine, Paris, or
Charles Georges Picot, general mai
ager of the Credit Industriel and Con
mercial, Paris.
Japanese group?R. Ichinomiya, ager
of the Yokohama Specie Bank, Ne
York, and K. Takeuchi.
American group, represented by th
managing committee: Thomas W. Li
mont, J. P. Morgan & Co.; Mortimc
L. Schiff, Kuhn, Loub & Co.; Charle
H. Sabin, Guaranty Trust Compan>
Albert H. Wiggin, Chase Nation)
Bank; Frederick W. Allen, Lee, Hi(
ginson ?t Co.; Robert. I. Barr ar,
John Jay Abbott, Continental an
Commercial Trust and Savings Ban
Chicago.
There were also in attendance R. <
Witt, W. E. Leveson, Henri Mazo
Charles F. Whigham, J. Ridgley Carte
Frederick Stevens and Jeremiah Smit
jr. A representative of the Peking gov?
ernment of China arrived on Saturday
at Vancouver, B. C, and is expected to
roach New York in time to attend some
of the sessions, which will continue all
this week. The delegates will observe
the Columbus Day holiday to-day, and
many of them left town last night as
the guests of American group mem?
bers over the reces?. To-morrow the
consortium will get down to business,
and consideration of China's financial
status will probably come before tho
delegates.
While tho meetings, which were
begun yesterday, have to do largely
with the final organization of the con?
sortium it ?a-believod that before they
are finished considerable ground will
have been covered in the way of deter?
mining China's financial and industrial
status. It is not improbable that
before the end of the wectCthe interna?
tional bankers will discuss tentatively
a loan to China for the purpose of ex?
tending the republic the funds for
meeting her pressing needs in the way
of transportation facilities. Within
tho last year there has been talk of a
Joan of as much as $100,000,000 being
made to China on behalf of the con?
sortium. In connection with China's
financial requirements the delegates
this week will take up the problem of
currency reform in China.
Between the forenoon and afternoon
sessions of tho consortium yesterday
the delegates were tendered' a lunch?
eon by the executive committee of the
Chamber of Conjmrce of the State of
New York, at which Darwin P. Kings
ley, president of the chamber, welcomed
the foreign financial envoys. Besides
the delegates and Mr. Kingsley those
present included Welding Ring, Will?
iam H. Porter, Alfred E. Marling, E. ?L
Outerbridge, A, Barton Hepburn,
Howard C. Smith, Charles L. Berheimer,
William G. Willcox, J. Barstow Smull,
Charles T. Gwynne, Jero D. Tamblyn,
Howard Finney, Frederick W. Stevens,
Jeremiah Smith jr., Charles F. Whigham
and J. R. Carter.
To-morrow at noon the delegates will
be the guests of the Bond Club of New
York at the Bankers' Club. The speak?
ers will be Sir Charles Addis for the
British, Captain Rene T. de la Chaume
for the French, Reitaro Ichimoniya for
the Japanese and Mr. Lamont for the
Americans.
Public Buys Liberty Bonds
Number Held hy Banks Con?
stantly Being Reduced
WASHINGTON, Oct. 11.?Constant
reduction of the amount of Liberty
bonds held by national banks was re?
ported to-night by John Skelton Will
;ams, Comptroller of the Currency.
Records of the banks show an encourag?
ing absorption of such ?counties by the
investing public, the statement said.
National banks held on June 30, Lib?
erty bonds and Victory notes equal to
only about 3M? per cent of their total
resources', Mr. Williams said. On that
date, national bunks owned $778,361,000
of such securities, while their resources
aggregated more than $22,000,000,000.
The aggregate of Liberty bonds held
by the national bank3 on June 30 as
collateral amounted to $225,508,000,
while six months previously they had
held moro than $269,000,000, according
to the statement.
Mathieson Alkali Earning?
Earnings of the Mathieson Alkali
Works for the year ended June 30
showed $642,227, an increase of $227,
705 over the previous year, according
to a financial statement. Surplus as
of July 1 amounted to $1,270,612, an
increase of $1,591,842.
Smith Urges Business Men
To Be Railroad Sponsors
President of New York Central Lines Says Best
Insurance for Future Expansion of Big Systems
Is Lending Money for Financing improvements
By A. H. Smith
' President New York Central Lines
In the sixteen Btates east of the
Mississippi and north of tho Ohio and
[ Potomac rivers lives approximately one
| half the population of the United
? States, 43 per cent of the total popula
? tion being concentrated in nine states.
| In this area are fourteen of the largest
twenty cities, including the largest
five. This Eastern territory turn3 out
two-thirds of the manufactured prod?
ucts and mines two-thirds of the coal
produced in the entire United States
| Here the increase in population and tha
l expansion of industry and commerce
twere greatest in the last decade,
Under such circumstances it can
I hardly bo doomed surprising that traf
1 fie density is greatest, in the East, or
I that the problem of providing trans
! portation facilities adequate for eon
| i.tftntly growing needs is hero most
i acute. With traffic increasing at the
I rate of 45 per cent in six years this
?problem would have been difficult
I enough, even if railroad development
j had not been limited by a policy ol
? restrictive regulation, ?
Everything considered, the achieve?
ments of the railroads in Eastern ter?
ritory in the last fifteen years appeal
remarkable. Not much new mileage
? has been built; but not much was, or is
needed. An attempt was made about
I twelve years ago to float a project foi
a new line between Albany and Buffalo
? but it could not be done. Investors
j at least, understand that what is needec
in Eastern territory is not. new rail
roads, but the intensive development o
existing lines. To this latter purposi
j the thirty-eight Class 1 railroads it
i Eastern territory, handicapped as the;
have been by a diminishing margii
I between income and expenditure im
j posed by law and the paralyzing im
fluence of the World War, devotm
j $1,553,000,000 to developing these prop
! erties in the eight years from 1910 t?
I 1917, or an average of $194,000,000 i
year.
An interesting illustration of th
? relative railroad development in East
? orn territory, as compared with th
I country as a whole, will be found i:
the fact that whereas the nation's in
vestn.ent in railroads increased 67 pe
cent in tho fifteen years from 1905 t
1920, tho New York Central spent mor
for additions and betterments in tha
period than its total investment for th
preceding seventy-five years.
Yet bo extraordinary has been th
growth of the country that Easter
railroads aro to-dsy confronted wit
greater demands than ever befon
Owing to the enormous increase in th
cost of everything, it would require a
average of nearly $400,000,000 a yea
merely to equal th? expenditures fo
additions and betterments of the pcrio
from 1910 to 1917.
New spurs and sidings to serve ir
dustries, additional yard facilities, ne
and improved engine terminals, aut(
matic signals, third and fourth mail
line tracks, to say nothing of loc?
motives and rolling stock, are require
The Day's Bond Market
L\ S. Government
Transactions
Salea.
Llbrrtv 3% s, 1347..
do 2d 4s. 1943. . . .
do 1st 414s, 1 ? (7 . .
do 2d 4 Va s, ?9 42..
do 3d 4 us, :928..
d? 4th ', V4s, ]93t> .
Viciorv 4%s, 1922 .
do 3*43. 1927.
?647,000
41.001
97,000
1.689,000
947,000
2.4719,000
?24.000
409.U00
Quotations
Libert ??? 8%s. .
1?) 2.1 4s . . .
do 1ft 4%s.
? ? 4>4s.
do 3d 4%s
(Jo 4th 4 ?s.
?Victorv 1',h .
do 3 5,. _
High.
. 92.00
. 88.90
. B9.98
. 89.10
90.80
Low.
91.58
S3.SO
89.60
88.46
90.34
_I1 ? 7,0
96.70 S'J.14
96.50 90.10
Last.
91.90
88.80
89.98
8 9.00
90.60
8?.84
96.23
96.?0
TlfM.
4.00
4..-7
4.r?2
6.12
b'.?
6 OS
5.07
Not
rhKi.
? .60
+ . 30
?? 4s
-, .60
?+ .7?;
-. ,38
+ .08
+ .04
Bid and Asked Quotations
^^^^^^B "Closing
Liberty bonds. Yeaterdaj
!'S3, 1947.
Ist 4s, 1947. ,
t<\ 4s, : ' ; '
lit 4',?. '47.
4tli 4:,
Vlo 4%
.
? 92.00
89 8 89.50
I 8 9.10
8 - S 0 " " S '? i
88.98??l 89.10
? DO s t
? - .
98 14? 98 22
?.'losing
.Saturday.
91.40(8 91.60
??' 89.60
88.241] 88.40
8 9.?
88.44 '? 88.54
90.24 :? 90 1
81 '. ? 8 s" I
? -??-,? 90.18
96.18? '.?1: 7?;.
do ?. \? '23. 9814? 98
?Pre-war issues :
-1 reg., 1930-101',; ?102
2b cou;j , 19 }. .101% (9)103
3? reff. 1 7i4 ?.. . . 89 @ 92
>? coup., 1346 . . 89 ? 92
4i reg., 1921 ... i7.%?106
43 coup., 1517 . . ?"7% 0106
7s Pan. c, 1936.101
7s Pan. r.. : f 36 .101
7s Pan. c. : . 38.101
7s Pan. r.,
7? Pan r?R. 7B
ti Pan coup .... 78
Phil. 4s. 1934. .. 7 5
Phil. '4s, 1935 ..7 5
Phil. 4s. 1939 . . -'.
t>. Co!. 3s, 19..7. ?
Porelgn (?ovt. and Municipal Bonds
(Interest. Jo Bo Added)
Bid. Asked.
*ng\oV:rr, h Extern ?s. 1920.. 99% 100
??entine Intern 5s, 1945. 69% 79
kingdom 1111 6s, 1P2K . 99'4 99%
do ?-R 1 ;.. ?........ 91 ?4 :?.' ' .
6s. 1921.
99 Va
98 %
SI %
8 5 %
Canada, Doro
1. ,^^^^^^^^_
do 192f, . 91
r.i)? 1931 .::::::;::::: 7%
tilines.. Uov 11 u Kug Ky 6s, all ?13?,
tuba Extern 6s, 1941.
?H A, 1949. ?
'!?> 4'-,s. 194'...
Dominican Republic 6s, 1958
City <?f Lyons 15-yr t',s. 19: 1
n.JI yr 1 s, l*"i . 85%
do Bordeaux 15-yr Cs, 1934. 85%
do Copenhagen 29-vr 6'..?. '44 77'3
'1 ItlSUe.in 1 %
Freeh. Paris City 6s, 1921.... 94%
<*>vi of Swltzerlarid 8s, 1940. ..104
?f-l' Oovt I'-..s, strlg loan,' 1925 74-%
do 4%p, 2d sor. 1925. 74%
OO 4n id 1B ;,jH|i, 1931. 67%
du Tokio City is, 19;
<-n K (;? 1: & ir 5-yr 6i
''" ?'? yr 6Vis, 1922. .
do 10-yr 5%s, 1929. 89%
do 20-yr 5%s. 1937. 87%
?WUlCO Kxler stiff 6s >jf '99, 1945 42%
?to gold 4s of '04, 1954. 34
fc-'ng ot Italy 5-yr 6?v?% fold b. ?
(S?)es)
' s 4' reg 1926 |Oov of Switzerland
l.ftf,0.105 I s f is temp rets
^ngto-Trench 5s I 0.000.104
?.. 1-?O0. 99%i l.c.OO.10::%
?-'ty of Copenhagen i 500 .103%
1921. 98%
92%
91%
44
S 7
81
69
8 1 %
86%
86%
86%
7 8 %
101%
94%
63%
98>a
9 6 ' -
8 9 %
04%
90%
SHs
l.ono. 78%
6.000.77%
Clly ,,r luris 6s
. 9 4 %
?,. 31000. 94%
*-Uy of Tokio 6s
r. 16.000. 63%
Dominican R 6s
ft J.OOO.s'iOf.. 81%
uom ranada 6%s
Bolos 1921
B 000,...
1,000. . . .
*? ?%s I 929
9S%
98
1.000.
do ta 192?
-, 1,000. ?
?reneh Kep Sa J P
at rets
11,000.10] V4
10,000.101
?.000.101%
n.ooo.10.1
1.000. .... .loi %
f.ooo.101%
8.000.101
2.000. . . ...101%
?-00Q.101 Vi
?,000.101
K.O00.101%
s.ooo.101%
36.000.101%
i-.ooo.101%
41.000.101%
Jl.000.101%
.000.101%
.000.101 %
?.000.1Q1%'
' 4 %
1%
ft;
1.0O0.103?
6.000.104
5.000.104%
Jap 1st ser 4%s
2,000.
1.000.
1,000.
4.000.
III. 00a_
10,000. 74%
2,000. 74%
?.,.000. 74%
do 2d ht 4 ?...s
10,000. 74%
8.000. 74%
do Htlg loan 4s
2.000. 68%
2,000. 68%
20,000. 67%
1,000. 53
36,000. 77%
K of Belgium s 1
7 W s .1 1" M rets
3.000. 99%
4.000. 99
1.000. 88%
6.000. 99
6.000. 98%
2.000. 98%
1,000. 99%
1.000. 99'?
1 ?1 000. 99 %
3,000. .*.... 9 9 %
1,000. ?35%
1.000... '??. %
Rep of Cuba 5a 1904
7,000. 8J
do 4 % s
1,000. 68%
Railway, Other Corporations
a i
at Brit
1921
2,000. 9?%
98%
7,000
20.000. 98 Ve
do our 1822
10.000. 9
r., o o o. 9
25,000. 9
1,00ft. 9
1,000. 9
do 7. % s 1929
3,000. 9 8 %
2.000. DE%
4,000. 98%
3,000. 98?
1.000.
98%
1.0O0.
6.00O.
59.000,
2,000.
2.000.
5,000 .
6,000.
89%
89 U
S 9 %
87%
87%
87*4
v 7 ?..
2,000. 981
98%
98%
6s
"I %
1,000. 87%
16.000. 88
U 3 of Mexico 6s
6.000. 44
30,000. 42%
10.000. 4.7
6,000. 42%
do 4s
6.000. 34
2,000. 34%
Virginia dfd Cs 11 B
S.: Co rtfs
17,1V? . ... 77%
X Y City 4%s 1957
May
5.000. . . .
do 4%s 196 5
5,000. . . .
A'.a Midlnnd I
2,000. 95
Am Cotton ' ?II 6s
1.000. 75
Am HmeUins Cs
68
90%
9 i %
94%
4,000.
1 ?9,000.
1 0.000.
l O.onn.
2.000.
5,000.
1.000.
4.000.
Am T A T
2.000 .
3Of. .
77%
77?.
78
7 4 %
78
7 8 %
7 8 '?
73
do
1.000.
6 000.
do col Is
2,000.
' .!.
1,000.
l.ooo.
Armour .1- Co
1,000.
2 000.
A T A S r get
19 ooo.
1.000. . . .
2,000. ...
12.000.
Beth Steel rf|
1.000. . . .
do p in 5a
2,OOO. . . .
Braden Copper 6s
F..00O. 89%
Brooklyn Rap T 7h
6,000. 46
do ctfa of deposit
10.000. 42%
5.000. 43
do ctfs of deposit
stamped
1 5.000. 7,9
Cen of ?la Ry
lo.ooo.
1.0OO. 91 %
Central Leather 0h
6,000. 90%
6.000. 91
Cen Pacific 3%s
1,000. 77%
do Short Lin? 4s
10.000. 7'!
do utd 4n
:, ooo. 74%
3,000. 76
21,000. 74%
2.000. 74%
2.000.B30L. 74%
??lie? * Ohio cvt 6s
12,000. 86%
5,000. 86%
1,000. 86%
4.000. 86%
do ron 6s
1.000. 02%
do gen 4%a
1,000. 73
do rvt 4
10.OOO.
1.000.
1.000.
1,000.
2,000.
1.000. 77
9,000. 70'
1,000.
1.000.
. ' ft \ltnn 8%S
i o.ooo. 39'.;
1.000. 89%
2 000. 3 9
8.000. 39%
76%
76%
76%
70%
7.'%
7,000. .
8.0?'',?. .
11.000.
1 .000. .
l.ooo..
n cvt 4?
l.ooo.
i adj 4s
1 o.ooo.
A O R.-n
5.000. ? ?'? ?
Illinois 4s
6.0O0.
lotnt 4 s
r 000.
tooo. no
7 9%
?0
80%
60.000
1,000.
do K o:<
stamped
.... 73'.,
Atl Cos
M rctf
. 84
.1 P
.101
.101 '
.101 '
do
6 f
00 %
l.OOO. ? "
1 ; ??fui. 90 %
A K 111 if?7 -Is
8,000. 41
rtfs of deposit
,000. 40
A Kile 1st 7s
r.. o o o.S 2
l.ooo... 82%
(it Western ts
0 0 0 0. 7 7 %
? 5 000. 7.8
- M A St P CVt 7.)
ser B
Chi
Unit & i )hlo Ss
3 . 0 0 0.
9,000.
do rig 6s
6,000.
5,000.
3,000.
4 000.
l.ooo.
r.ooo.
Ren 4?
90%
74
do
,-t 4?
'0.
20.000.
2.000.
5.000.
2.0O0.
O.OOO. 79
do cvt 4%s
1.00 0. 74 %
1,000. "1%
10,000. 74%
do rfg 4% s
12.000. 65%
do 48.1923
8.0 0 0. 80%
r o o o. ? l
no
slut.
4s
;:<%
7 iv
84V4
67%
08
-.
do Bo!?!
1,000. . . .
l.ooo.
22.1 10
7.00" B.' 01
; ??no.
8,000.
l.ooo.
do p i 3%s
s ooo.
000.
do Pitta B K
\V \ 'a 4 s
4.000.
3,000.
d o S vv n S % s
6.000. 7 9
do T A C 4s
2.ooo. ..... 67%
Bell Toi Of Pa 7s .T P
M reta when issu-'!
1,000. 98 V?
2,000_ 98 %
3.0 00. '7 8 %
19.00.1 . . . . IS '? Ichl
8,000. 98 % S?
45.000. 98 '?! '
17,000, . . . 98%
68,000. 98 %
2,lino. 98 %!
45.000 . 98%
2?. 000.S i%
do deb 4s IT I
10 0 0. 0 7
1 9.OOO.06 ? j
? do Ren 4s ser S
1 000. 7 1
r, ooo.71 %
do ??. C A V W fi'v
1 000. 98%
c & X W 7s temp
lets
1 .000.1 03
1 .000.107%
do St L P A Nv.-n
5 s
1,000. 87
Chicago Ry 5s
4.000. 70
R I & V Ren i*
3.000. 7i%
rfg 4s
1.000. 70
6 ooo. c,9'.c?
2.000. ... 7. 70
'000. -?i%
1.000. 70%
1,000. 7i
i 000. LO ?4
P M & ci ta
1.000 .100 M
X'n Stutlon *?%s
ser c iri??>iiiTi ctfs
l.ooo.104
l.ooo.101%
do 4 %?s ser A
g 000. 78 %
15,000 . 73 ',
do
C St
C A West Ind 4s |
7,000. 63H
Chile Copper 7s
1,000. 98%
do Gs
10,000. 72%
1,000. 72 '4
24.000. 71%
1,000. 7 2
1.000. 72%
10.000. 72 %
Cln 1 St B A C 4s
1,000. 77
C C C A St B 4%s
1.0?0. 79%
do K?n 4s
1,000. 72
1.000. 71 %
7,000. 72
Co! A. So 4%s
10,000. 76%
4.000. 76%
do is
2,000. 65%
10.000.'64%
10.000. 64%
18,000. 64%
3.000. 65
Kan City Term 4s
13,000. 73%
2.000. 73
Lack Steel Es 1923
3.000. 91
Lake Shore gen 3%s
2,000. 09%
do 4s 1928
1.000. 86%
do 4s 1931
13,000. 83%
6.000. 84
1,000. 7S%'Lehlph Valley 0s
Con Coal of Mil 6h
4,000. 7::%
Con O as temp 7s
2.000.100 1.7
1.000.100
Cuba Cane Sugar
Cvt d<-b 7s
8, o 0 0
9 2V
1.O00. 92
3,000.91%
1.000. 92
91 %
.7.000.
l.ooo.
Den A R i< Imp i.s
2,000. 7 ! %
do rfg 5s
l,000.s30f.. 53
17,000. 53
21,000. 53%
do 4 ?js
1,000. 71%
do con 4s
13,000. 07
10,000. G6%
12,000. ..... 07
1,000. 06%
Detroit Edison rfg
Es 1940
2,000. 81
Detroit U Ry? 4%s
3,000. 00
Erie prior Hen 4s
10,000. 69 %
1,000. 69%
do gen lien 4s
4,000. 4<7i/\i
9,000. 49
9.000.
do con 4%a
2,000. 80'j
Liggett & M 7s
1,000.105
do 5s
2.000. 83
Long Island ???n 5s
1,000. 89%
do 5s 1927
1,000. 08%
do rfg 4s
3,000. C8
I, & Jeff Bridge Is
2.000. 67
I. A N unified 4s
6.000. 82%
20.000. 83
' 1,000. 82 %
do So Ry 1olnt 4s
1,000. 07%
Manhattan By 4s
2,000. 67
do tax exempt
2,000. 67
Midvale Steel 5s
1,000. 77%
Minn A St I. con 6s
1,000. 75%
do rfg 4s
2.000. E5
1,000. 64%
do 4a
1,000. 48%
1.000. 48
M St P A R S M 4s
1,000. 82
0.000. 50 ???.?". 7^
2,000. 49%
do cvt 4s ser B
1,000. 45%
do cvt 4s ser D
12,000. 5 7'.;
l.ooo. 52%
?-..ooo. r. 2 %
1.000. 52%
Fla East ?' 4%s
3 000.7G
General Hatting 6s
2.000. 88%
Gon Elec deb 6s
4.0 00. 9 9 %
,' i.on . 9 9 %
2?"10.! 99 ii
do .'f b 5s
1,000. 80%
S ooo. SO
1.(00. 87
4.000. 80 %
Georgia Mid
000.
5,00O.s.70f.
Il.000.s30f.
do 2d In
63%
6 3%
40%
4,000.
16.000. P.", Of
do 5s notes
.'.ooo. 51
2,000. 60
Mo Pacido gen 4s
2 000. 68 %
37.000. 6.8% I
2 ooo. 58 %
6.000. 68% ,
2,000. 68 '.,
1,000. 68 %
:. 58% :
1.000. 58%
4.000. 68%
Mobile A ilhio 4s St ?
L A ?' dlv
5.000 s30f. . 73%
V'ooo"" ? r.?u. I Montana Power 5s
Gt Falls, P?weV B?" f>'0n?. S?S
?N Oil A X E re? A
2 0 0 0. 8 4
O Bay A \V deb A
7.ooo . 7;
Havana Eleo i.s
2 000 .. .. 77
Houston i; .v W T
1.000. 84
Hud A M rfg
62%
4.000
3 ooo
4.000
2,000. . . . 02%
do Inc is
9.000. 25
111 Central 5 % s
5.000. 92%
do rfg 4s
2,000.
do 4s 1 952
2 OOO , ,
do 4s 195 :
4.000.
do St Louis di
1,000.
Imp 4 %s
?5.000. 79
X ? Irl T A Mex 5s
9.000. oo:
N Y i 'eni in! col 7.?- .
p M Interim rets
3,000. .
9.0 00 .
? poo
do deb Cs
I
02%
102
101%
92%'
1,000.
1,000.
l.ooo.
? iO i
87.000. '?: %
5 ooo 9 ?%
ro%
Illinois Steel 4%B
5,000. 79% ??
Inti rboro-Met 4 Vis
2 "00 .... ?0%
2>00. 20%j
Interboro R T rfg 5.?
l.ooo.701
In y c a St i. deb '
? 3 ? a ooo.7 l ;
6,000.7 1 :
?1 % X Y Doch Co 4s
2.000. ... .'7
X Y La el; A W
1,000. ...
T X H .?7 II 68
9,000. 88
2.000. .. . SC%
do n-c deb !.? 19
1.000. .'.?'??
1,000. 54 %I.X Y O i> \V gen 4s
000. 64% J.V0 .... 57
10 000. 65 do ! st 4s
7.000. 61% 2,000. 64%
26,000. 64% 1.00O. ?4*^
" 000 . 5 I % ' 7.000. 04 :t
2.000. ', . 4.000. 64
13,000. 61% X Y Rys rfg 4s ctfs
S ooo.64% of deposit
4 OOO. 54 ! 15.000. 27 >
1.000. '.4%i dc ad! 6s
lnt Agricultural 6s I 8.000. 6%
3,000. 7.? %! 1.000. 6
lnt Mer Marine Cs N Y Tel deb 6s
7 000. 82%, 4.000. 88
S8%
4.000. . .
4.000. 82%
Iowa Central 4s
1.000. 47
K C Ft S A M 4s
2,000. 69%
5.000% . ... 69
Kansas City So Es
1.000. 7S
1.0
do 4 %s
2.000. 80
X Y W A Rn 4%s
3 ooo . .49%
1.000. 4 9
l.ooo. 49% ;
Nlngara 1. A O P 5a
i.000.? 5 i
;7%
Norfol kSo 6s sor A
6,000. 57%
Norfolk A \Y cvt 0s
1,000.103%
10,000.103%
do con 4s
1.000. 7C%
do eon 4s reg
1,000. 74
do Pocah C A C 4s
10,000.?79?t
Nor Pacific 4s
2,000. 78
2.000.s30f. . 77
6,000. .
1.000. .
do 3s
1.000. 59%
6,000. f,?%
Ora A Calif 1st 5s
26,000. 69%
3,000.a30f.. Kr?%
16,000. 8'?%
29,000. (.oi,
6.000. 89-%
Ore Short Line 4s
2.000. 83%
Ore-YV H K & N 4?
T> 2.000. 74%
Pac Bower .t B 5s?
2.000. 771!
do 6s Mont ?Jen dlv
1,0"0.102%
do 5s Mont Cen div
2,000. 90%
San An A A P 4s
1.000. 04 %
1.000. 04
?aril A B 4s stp
3,000. 57 i^
4.000. 68
1,000. 69
6,000. 58
rfg 4s
1.000. 4 7 %
S-'-iib,.
,000.
::,ooo.
1,000.
adj 6?
3.000.
1,000.
4 7 '
7.4
47
43%
1.000. 44
Pacific
4.000.
6.000.
7s 193 0
2,000.?. . .
3,000. . . .
2.000. . . .
?,?00, . . .
B'iOO. . .
...0uo.. . .
. I 03 *,
. 10.3 7.?
. 103 %
. 1 0 3 %
.103
,103%
1,000.103%
1,000.10
do 4 %h 1 921
6.000. . . .
2,000. . . .
do 6s 1 908
7.000. . . .
1.000. . . .
do gen 4%s
10,000. . . .
3.000. . . .
98%
98 U
90%
S2U!
%
10,000. 82 % I
.000.
.102?-'
_ . 102>4
! ,000.101 %
1 1.000.102
do cvt 4s
4.000. 79 V
12.000. 7 0??
.7.000.79'
SO.000. 79V?
'7.000.
?lo rfg 4s
', 5.?)?m. . .
19,000.
4.000. .
6.000. . . .
do col 4s
4,000.
I,000.s30f.
1.000.
outhern Ry Es
11.000.
do 4s ^|_
1,000. 63 %
? ,000. 03
1.000. 63%
5.000. 63 i,i
do 4s St Louis div
,000.
i*3%
7 t, ?' i
71%
39%
Peo Cas A C of C 6s
?3,000. 68%
4,000. 08%
Peor?a A E 1st 4s
1.000. C5%
do ine 49
2.000. 331.;
Pere Marqu
"^ '* I Spoltane lnt 5s
1,000.
85
11,000.
Phlla Co 5s 1922
1.000. g 9 lv,
Pitts C ?7 A St L Es
ser A.
1,000. 8 5
2,000. 84
Pub Ser of X J G8
1,000. 07%
3.000. 07%
RcadiiiR f;en 4s
6.000.g] it
1,000. 81 %
"",000. SI
Rio
R I
\V
0 8 i'.
4%,
Is* 4H
1.000.
\rk ,'
1.000
l.ooo
1.00^^^^^^^
St L A S F 4s ser A
1 1.000. *?;%
l,000.?30f.. 63
2,000. 63%
2,000. 0') % i
7.000. ,;;;-,
'"Oil. . . , r.-i i; !"
000.03
I .000 ...
? '.'"? i
l.ooo. 0 3 %
l.OOi^^^^^^
Standard Milling 6s
1,000. 80%
Third Av rfg 4s
2,000. C1 %
do in 11 6s
1 o.ooo.S3 i.;,
4,000 . . . -33 %
20,000.
1,000. 33%
10,000. . . 33
Union Pacific 6s
2.000.100%
3,000.100 ?.,
2. ooo. 99%
0.000.
do 1st 4s
9.000 .
o.qqW_
do e\ t 4s
5.000. S3
9.000. |3 vj
1.000. 8 7,
ifg 4s
5.000. 70%
.100'
81
do
inv
Cnlted ?_
Pills Issue
1.000.
I'n Rds of S F
C fn of deposit
not
r a i
A I
.000.
5? ?er B
3,000.
2.000. S3Of.
?00.
000 .
63%
76 %
S3%
1
6 S ?4 '
68% |
01 ?.
6 .Hi
alt?_
1.000. 80%
1.000. 80%
Rubber tern??
is 1920
II ooo. 98
...roo . . . 97%
...00O.97 %
s ooo .. 98
1.000. 97 %
?'.CO .
ooo .
98
do
do
29.000,
0
6.0.-0 .
1. o 0 o
38.000
J S WH
.ooo.
>n 4 s
68%
65%
1.000.7 s
! OOO. -, 7 L
1.080.7 7%'
1.000. 77';
Smelling tis
2.000. 96
Steel s f fa
3 3,0 00. . . . 14 ?.',
4 0.000. . , .94%
5.000 ... . 94 %
2?- 000.94 %
8.00'?. 91%
Wahish 1st 5a
2.000. 90
West Maryland 4s
57%
67?,;
L 4%s,
4.000. . . .
Terminal
1.000. . . .
St P A K C S
C.OOO . . 68
St P M A M con (
1.000.102
do 4%a
? 3.000
1.000
5.ooo.
2.000.
W X Y A
4.000.\ 85
00. .. . 8 5'
West Pacific 5s
18.000. 85'
Western 1'nlon 5s
l.ooo. 82
West Shore
5.000. .
do 4s reg
1.000. . .
Wilson Co 1st
4.Ooo ...
do cvt ?s
o.ooo
4 a
100.
_I 8 ooo . .
i ! OOO. .
?9% Wln?ton-Sa!
89% 2.000. .
81 %
81%
? *1
to move the trafile promptly. Thon
I there nre grade crossing? to be re
! moved, and every city, town and vil
i luge not yet provided for wants a new
! passengor station in keeping with its
| degree of civic pride.
The task of providing all these im
! provements is not lightened by the fact
[ that many of them, calling for the out
i lay of many million? of dollar:;, will
produce no revenue whatever. For ex
; ample, there is a proposed new station
at one city planned to cost $50,000,000;
i an electrification project for another
| city will cost at" least $00,000.000; -, r,
| other project will cost. $-10.000.000; an
I other involves an outlay of $90,000,000,
and still another calls for $50,000,000
| for railroad improvement* to keep pace
I with the city's spectacular growth. A
?number of smaller cities require im?
proved torminal facilities?-increased
track , and ? station capacity. In fact,
the whole country, at leasj west to the
: Mississippi and South to the Ohio, is
: growing so rapidly that it greatly
' needs extensivo railroad irrtprovenien'.s,
Our country, particularly the East?
ern part of it, has reached the point
at which it must decide whether it is
to increase its transportation facilities
, to keep pace with growing business, or
whether it is to restrict business to
the limits fixed by transportation. No
lone doubts what the decision on this
?issue will be; the railroads must and
will meet the needs of business, Then
is, of course, a limit to what can b<
done with the facilities we now have
although the railroads are accomplish
ing much. 1 ?i the four weeks endei
, August 28, 3,853,822 cars wore loadet
i in the United States, the greates
number ever loaded in a similar pcriot
ir. our history. The only time thi
wceky record of August, 101?0, has eve
teen approached was in two weeks o
1918 at the peak of the Var rush, whei
! all workers were stimulated by patriot
i ism. In spite of the concern about th?
I coal shortage and the difficulty of th?
railroads to provide the cars to mov
?the coal, the soft coal movement ?nt
| New England has up to date met th
I need and all expectations. The No?
York Central Lines, I am glad to saj
; from January 1 to .September 1, con
! tributed an increase of 18} per cen
'over the first eight months of 1919, i
| moving coal into New England.
! And in spite of the hindrance cause
j by the, "outlaw" strikes last sprin
?these same lines handled .about 11 pe
| cent more loaded cars of all commod
, ties in the first six months of 1920 tha
! in the corresponding period of 1919.
j mention this in appreciation of on
! men and officers and with the feelin
that such accomplishment by them cor
; tradicts, more strongly than can word
? any statement that they or the rai
i roads have broken down under privai
I or home management. After ail, th
I officers and men, who went to the go
j ernment in war. are merely back hon
again, inasmuch as nearly all hai
? spent their lifetime in the service, fo
! lowing the footsteps of their fathe:
' and grandfathers. It is this persont
. human clement in the operation ai
? development, of American railroads th
! has given them their strength in tl
i past. War upset them, as'it did ever
thing else, but given fair treatment ai
consideration they will, as heretofoi
give the American public the best an
comparatively, the cheapest transport
tior. in the world.
The railroads, under present cone
tions, can do better than ever bofo
if their patrons will afford the
reasonable help and co?peratic
j Shippers by prompt loading and u
loading can add tremendously to t
capacity of tho carriers, and a sple
! did spirit of cooperation has be?
| shown in this direction by the Amei
can business man, while the railroa
have been awaiting new equipmei
The problem is a joint one.
Less regulation of the highly tec
nical business of railroading won
also be a great help. The proverbi
bull in the china shop could never
a fraction of the damage that can
wrought by irresponsible theorists
a great industry.
In a more direct, way the problem
I providing facilities for adequate tra.1
: portation is up to those who make t
! of them. Whiie the transportation i
i has at last recognized formally t
: right of the railroads to earn a retu
, upon the capital invested, this retu
, is lia ited to ?i per cenl upon the ca
ta! invested in a territory defined
I the Interstate Commerce Commissi
i Other enterprises are unrestricted, a
? may pay the holders of their seen
ties a great deal more, perhaps th:
times 6 per cent. Human nature in 1
{ person of the average investor will i
! sacrifice his income by taking railrt
?securities in order that transport?t
! muy be provided.
In vitw of the fact that Congr
has declared it to be the national j:
icy to "foster and preserve in 1
vigor both rail and water transput
t:o?i " it is implied that capital is
be made available; in other words, t
investors will find railroad securit
safe and attractive investments.
But there is another appeal
thoughtful business men; that is,
insure themselves against the los
certain to come if there is a lack
? ransportation.
Prudent men insure their prop?
against loss by fire. Marine, burgh
cyclone and other forms of insura
afford protection against the vari
hazards of enterprise. A more s.?ri
loss often has been suffered merely
inadequate transportation, but up
now tlv-i has not been covered by ;
form of insurance.
It seems to nie the practical way
supply this lack is for business ?
to lay ? side a certain definite pro|
tion of their surplus revenues to
invested in railroad securities,
would simplify the difficult problem
financing railroad additions an?'i bet
meats. Aid it would be sound busit
sense; for of what avail is it to in'
money in a manu fact urine; plant,
example, which assures a yield of g
profits wh,-n the practical difficultly
the -way cf obtaining materials ant
getting ?:'.'- finished product to a ma
nt the right time, owing to lack
transport-Men on an overburdened i
road, may turn the promise of profit
a loss ?
Copyright, 1920, by The McClare x
This is tkr second of a arries of
twelve articles on tin railroads of the
country. The third, which will appear
in The Tribu?',' to-morrow, is by C. II.
Markham, president of the Illinois Rail
ioad Company. Financial Editor.)
-#?.?,
Baltimore & Ohio Financing
Plans Are Before Commission
WASHINGTON, Oc\ 11. The Balti?
more & Ohio Railroad to-.lay askfed the
Interstate Commerce Commission for
authority to pledge $3,000,000 worth of
5 per cent refunding and general mort?
gage gold bonds and $10,000,000 worth
of 6' per cent refunding and general
mortgage gold bonds as security for the
balance of $3,000,000 due the United
States government for "".dvances made
darin Federal control. The debt is to
be funded over a period of ten years.
The road also asked authority to is?
sue $3,000,000 worth of 0 per cent re?
funding and general mortgage gold
bonds to be exchanged for an e(ual
amount of 5 per cent refunding and
genera! mortgage gold bonds.
Columbia College and the
"BANK of the ?MANHATTAN COMPANY
THAT understanding, so characteristic of the Bank
of the Manhattan Company, that all good busi
,ness is founded on enlightened citizenship as well as
on material resources, is well exemplified in the reha?
bilitation of Columbia College. In 1787, when the Legis?
lature sought the services of prominent citizens for the
Board of Regents to establish and develop an educa?
tional system for New York, twelve out of the fourteen
members were men who later became either directors or
stockholders of the Bank. Today, as indeed throughout
the history of the Bank, the Officers and Directors
are men of equally broad gauge and interests, able to
bring to the service of the Customer and Depositor,
in their commercial and financial 'problems, the same
vision,knowledge and business acumen that characterized
the Founders.
Bank of the
Manhattan Company
ESTABLISHED 1799
40 Wall Street
Capital $5,000,000 Surplus andt Undivided Profits $16,146,49+20
UPTOWN OFFICE:?j i Union Square. New Ye-rk
QUEENS BOROUGH OFFICES -.?Jamaica, FfurA.'ng, LonghUndCtty, FarRockawey,
Rockavay Begeh, Seaside, Richmond Hill, Elmhurtt, Corona, College Point,
IVood'haren, Ridgeaood, Freih Pond
BROOKLYN OFFICES -.?St.John', Place and Cypret, Hills
OFFICERS
n
PRESIDES"!
STEPHEN BAKER
FIRST y ICEPRESIDENT
RAYMOND E. JONES
VICE.-PRESIDENTS
JAMES McNElL
B. D. FORSTER
HARRY T. HALL
EDWIN S. LAFFEY
P. A ROWLEY
D. H. PIERSON
FRANK L. HILTON
V. W. SMITH
JOHN STEWART BAKER
CASHIER
O. E. PAYNTER
ASSISTANT CASHIERS
W. F. MOORE
I. S. GREGORY
H. M. flUCKLIN
W. A. RUSH
GEO. S. DOWNING
E. S. MACDONALD
O. G. ALEXANDER
DIRECTORS
J. E. ALDRED
STEPHFN BAKER
B. H. BORDEN
MICHAEL FRIEDSAM
WALTER JENNINGS
RAYMOND E. JONES
G. HOWLAND LEAVITT
HENRYK. MiHARG
GEORGE M-NEIR
ARTHUR G. MEYER
JOHN C. MOORE
CHARLES IL, POTTS
SAMUEL SLOAN
WILLIAM SLOANS
JAMES SPEYER
CARL F. STUR HAHN
WILLIAM S. TOD
GEORGE ZABR1SKIE
Irregular Activity
Marks Dull Session
On Outside Market
South American Issues in
Demand at Times, but
interest is Low; Small
Changes; Tone Is Steady
Spurts of activity in some of the
South American oils marked a dull ses?
sion on the curb market yesterday.
There was little outside participation
and professionals traded on a small
scale. Fluctuations were narrow and a |
steady undertone prevailed.
Maracaibo was in pood demand at
enc tune and registered a slight ad?
vance. Simms was up on covering by .
shorts at one time. Other oils ruled
steady most o? the day. Several of the
lower-priced industrials were fairly
active, but price changes were small.
Sweets and North American Pulp and
Paper were steady, but United Retail .
Candy was heavy.
Interest was attracted to Hudson
Oil because of the letter to stockhold
rs announcing the acquisition of a
thirty-acre tract in the Caddo field of
Louisiana. The letter stated that the
new property was surrounded by pro
ducing wells and added that develop?
ment work would ho started im
mediately.
Industrials
Shares. Open. Hi<rh. Low. I.as: '
1000 ?Acme Coal'... 2Vi 2% 2% 2%
12.Aetna Exp. ..11 1 1 10% 11
4000 ?Allied Pck Inc 20 21 20 '70
5 *Am Brass_192 192 172 102
200 'Am Candy... ,,'j. ti ' i '?'* ?;:t ,
200 ?Am Wut Wks. 3Vi S % :;li " '"?
100 *Am Writ Tap. S S 8 S
1200 Auto Fuel K.. 53% ??:i% M B2
?o ?Babcock W. . lOi 10? 104 104
ID Borden. DB ?>5 95 9S
25 do pf. 83% 83% 88% 83%;
SOC ?Br-Am T cpn. 12% 12 Vi 12% 12%
IDO ?British Bmp. 19 19 19 19
um ?do c: pf. . . 29 39 3:i 38
?l ';.! I.i ,v I*. . 3v4 7T? 3% 7",
2000 ?ChRo Nipple.. 8% !"t 8% 3
IOO?Conley Tin F. 20?,<j 20'? 20% 20'j, ?
? ?? .'.? Mot. rs . 7 '-j 7% 7:-? 1%
. i >, ;rude Chem . . i ', i Va l'i l'a
? < i lu l'on! Po\V.223 223 227 227
; ? ?do pf. . . 7? 7.; 7>; 76
90? ?Empire T & S! 15% 15% 16 15%
I-?? i-,.,1 Tel & Tel. ? '?, 3% ?,% 3%
?Fin stun ? T. .113 113 113 113
2000 ?den Asphalt.. 77 77 51% 51%
10 ?Cira: ? III Oh. .134 131 124 1 ?, i
25 ?GreenCd T <& D 38% 38% 38% 28%
2? 0 ?Hare's M inc. ,' 7 7 7
!?. ?Her? u'.( s Pap 2 t '3 25 24 24'4
300 ?Kay Co Oas. . 1 Ta 1% 1% 1 7??
500 ?Max Chalm M ?7 17% 17 17
200 *M' '?'? :? Motors 8 !?? 8 8 Vi 0
? v'o \;n ?' & 1'. 5% 5% 5% 7, \
I Pi-rl i Tl 1 ' I .i, i
10 ?l'rocif i .:? ?'. .113 113 l ! ; ll '
500 ?.Radio Co ?. 7 'j 2% _", 7.'..
6ft?J ?do pf iv i . 2'', 2% J >- 2 ' .
Ri u & V'and.. 26 26 26 7?.
10 ?Royal H Fow.l !'!'?; lib'. 116% 116%
: 0 "'??i ' '.- pf. . k7 % 32?r4 82% S2%
: 00 ?Roy !?'?? TH In,- 5 5 5 5
Seos lile Mi'i-. .'. 10 39 ? 390 .".80
.-'?.?is;, r Ltd . . 3 \ 3 % I % 3 \
V. gin?, i- Mfsr. . .13: 132 132'
?Stand Parts. , >'. ?: ?5 0
Sweets Co Am 2 % 2% j :: ?4
.????? 'Swlfl Internat 29% 23% 2'J % 2>>,
> " ? ' ?Tenn R i. & P. :: : ? :< "
?"" ?d pf. . 6 .. ?
4no ?Untan Carbide 60% 60% 69% 58%
0 Unll Profit Sh. 17? - '?% l ", 2%
2? ?I ?l.'n Shipj ,ir':a. 5 .'? ? 5
Til lias & El. l'A, i '? t 1 ?i 1 ' -
.. . '??? i 1st pf... ; , 15 15 17 "
2? ??'?? 2d pf. . . 2% '?, ?;
'Ul el St Can, : i i : jo% ; ? -,
400 ?U S H S;.?) T. 20 ?3 30% 30
2700 U S Steamship 1 % 1% 1 &. j -,
100 ?Warren Urns. 27 27 27 "7
600 Wayne Coal... 3% 3% 3V4 ZK
100 ?Win Davle i . 37 1,7 37 37
Standard Oils
Shares Upen. High. Low. Last. ?
l??ri O uf 7. V,. - 375 372 37.?
Other Oils
COOO *tAllied ? - :. : 20 20
io? ?a . ?. j::' Oil. ; t 71 -, 1 74
U ' Uoonu Oil_ 2 2% j 2%
? ?oa-Wyo ou tj , il 1
22 ' ?Ca? .?i Synd . . 12% 12% 12 12%
' "? ?? ' :?' ral l'.-t . i 1 ?., 33 ?a 33 % 33 '?
?Cl! ri H T Sh ?0% 7(1?-, LiO'i
?Creole Syn... 6% 7% 6% 6%
! 00.' ?Cushing Pet ', ? is?
3100 "?'. nny OU.. 1% 14 ? , 1 ? .
100 ?I ?ominlon OU 5 % 9% b % 9'
f???? ?Puuuesne OU : :, S % 3% 3%
300 ?fi?rk - Ha.iin P. 8% S% 8% I ,
7 Engin ei s Pet ! -: : ?- : .?, 1 .^
? ?'? irai ? ?il . . . 1 . 3 >? ? k
?1 '? ?inland OH. Id 14 % ; 1 :!?...
- - ?? ranada Oll. BV4 k '. g 1,: 8 u
l?? ?Guff-alil ou. ?.\ % 31? ;
?do pref. ..121 121 121 121
10 ?Hudson Oll.. \ % % %
300 ?Imperial Oil. 10 16 ] r, ir,
nat Pet. : : % 10 : - '?, 1 ?;
: i'lnrston P , 5% 6% ., ?-,
- M iracalbo t .-.i 18: , 18% : i ? : .
I.! 'rid l'.-t w i '-j i^ ? .
? ? . .-Ml? OU :>7 12 ' ;,7 42
26 ?Midweet Ref.149 : 149 150
?\: ? ?Mldw T.'k;??< 8 10 8 9
'UMimiiMinMH? mm??!.m???!????mhwi im???ii ?.ni??.?111111 ???
Denver & Rio Grande Railroad Company
To the Holders of Preferred and Common Stock:
At the request of the holders of large amounts ..f ? -
Preferred Stock ihn undersigned have consented ?'? act aa a
with others, who muy be added hereafter, to prolec! th? im-r ? - ?'
the stockholders.
The Impending sa'.e of (he company's property under mi .. .?
Judgment for $n?;,ooo.ooo.00 In favor of tho Western Paclfl
threatens tu wipe .?ut ail the stock of tho Denver & Rio Cira
to destroy the entire Investment ui Its s' ?ckhotdera
All stockholders desiring in co ?perute with this Committee ,u
participate in any results that iiibj bi obtained through l>* ?
aro requested to write t.? the Commit! e it Suite 1101,
Strep'.. New York City, giving tholr names and iddreaaes feu
of each class of stock hold
An agreement defining the powers of the Committee Is b Ii - pre
pared and will be lodged with the Lawyers Title ? T um ?
Depositary of the Committee, from whom copies u.a. i
Dated October 11th, 1920. ,
l|
ARTHUR M. WICKWIRE, i
DANIEL W. BLUMENTHAL, l Counsel. |
JEFFERSON ?I. I.KW
A. HICKS I..UVKKMI:
GEORGE V. SE< OR.
Stockholders' ; : ? .... ..
Shares. Open. High. Low. Laut
1700 Noble O & G. U % \i *
1600 ?Okmul r & R % % % 4
10 ? ?Prod .'7- Ref ? 6% '? '? 6% 7"
400 ?Sapulpa lt?-J*. r,% ?4 i. l4 5*4
1500 Havoj Oil. 9% 10 9% 10
10C ? ?Seiit? < 111 &. O 2% 2% 2 % 2 '4
80 ' ?Settled Prod 2 '? '. ??
8000 ?SI:,??i,h Pet 10 10% '?? % 10
. ?Sin ' ?II ifc ?'7 83 '4 84 S : ?? *?
3500 Skelly Oil .-. . . 9% 9% 0
?pane? r I' ' ' 17*? .7 '?, : 2 ? i. ?
;.,?" ?Texon O A 1. ', 't *> *4
1000 *i'ii Ti xas Pi ! ?'.- .".-. > : ??
; 500 ; Victoi .it i ii: . i '? 1% 1 % * %
??i 10 Whal? n ? HI % % % "?
2000 ?White Oil.... 22% 22% 21% 27'?
Mining
Oper.. High Low. Last.
900 Alas',,.. Br ?' M. \i >i i? *1
300 ?AlvaradoM&M 14% 15 14'4 15
1000 ?Air. Mines... .1 1 % 1
-.'Hm ?Arizona Silv. 'j % % "A
3200 ?f At lanta. 1% 2 ! 2
26 10 ?1 H' Ich i? (a !?) 5 B 4'i
3800 ?tBelch E (a p) 7% 7% 7 i
15000 Hlir Ledge. ... A A % %
2500 ?tBooth. 5 6 4 <a 5
7 : 10 I Rost ?.- Mont. 44 44 42 43
?i ? ind? larla Sil % ft '. ft
3000 ?Candelarie Sil % A % A
B0 ?Carson Hill (7. 22% 22% 22% 22%
4600 ?t? iashboy ... H X 7'a T%
110 Cons \'ir Silver 5 5 5 ?
2800 ?Cortea Sliver, r, '. 6 1 Ci 6 i
B000 Cresson Con ?i. I 1 % % i
900 ?Darwin Silver. 2% 2% 2?i 2%
Cf.'"1 Divide Kx (a p) 29 29 28 28
300 1-71 Salvador 311 % % % ~a
',. Kv. I . Silver . 4 'j 4 ' ? 4'-i 4 >s
500 ?-Eureka Or M. 27 .2." 27 27
2800 ?tEureka Holly 1% 1% If, 1 f,
500 ?Forty-nlno M. % '?? % %
1 150 ?fOold Zone D. 25 38 37 37
3500 ?tOoldfd ?'.?r.;?. s 3 8 8
2200 ?tUoldf 1 Dev . B 5 4% 5
2500 ?TGreal Bend. . . : 7
13000 ?Marmlll Mln .1". . ? 7j ;?
720 li-ria Mining. < ', i% j ? -, ;
2500 ?tjim Hull, i 1. ; .
2000 - I ambo Ext? n. ?. C
inoo ?fKewannti . . 7 2 J
'<?' ?i ?-j Kn is I ?ivide. ?? U ?, t,
' 00 Louisiana ? 'on . ; . ? -', ,V
? -- Mars h Mln : 13 : ?
? Mom Sil K '.: . : ',
1 -r " ?Mol ii Cop. . . ' ', 5 -, .*,; i \
170 ?N .1 Zinc. . . .17 '7 '. : , 174%
2<i'J "do rights. .10% '. ; 10% il
'? h?- sil y, c0 : \ : k . t
:?? ?l'belps Dodg. : ? 180 1
i?..? Prince Con... %
? 0 ' Ruy Verde ? lop : -,
: ?00 [toper G M
i 200 s- ? ':-.,.>: Sil . , i , ;
*""'"? '.S: vor K D 2 2%
2000 ?tSllver Pick * , I 4 '
60 . Simon s.! i.?!, :
? ?j im G fi: P 5 6 ,
; !. :. A .\ /,, -,
1500 ?tSuccens Mln, 4 4 ??, 4 ,
; 0 0 ? s u I h D I l % ;
1 ' I1..1....-.I su A X -V A
' ' ???>'? Bel.nt. 14X ?H 1H l'i
2500 ' 7 onoi ah Div. 1% 17, 1% ; -3
270 Tonopah Ext.. 1 % 1e? ?A 1A
1 ?Ton? iah Min. ! -, ; % ! J?
; ". l'n K ? iterri . . . 2%
l'ntl O M Co :?
. s:.,, ?i( K ('un Min l'-i S 71-1
I 5 0 0 * f V i c D < a p ) S 8 7 %
Bnd i- ;-\ 1 A 1% 1;,
\ h ' '?? p* Mln 8 > :4 g
'? ? c.\ ' . , ; ; j : 1.., 14 14
16? n W ::i" rt Min. . ' 'i 5 4:a t.
30 y u ;.. ? r. '.; .vins.; : 4 74 2 s
Bonds
Open High. Low. T a ?t.
t?o ?Allied Pack 6.? ?'..'. 6<i Cf. 66
: '? ?Al . T&T -'s '22. 95 95 "I '; ?4 \
10 ??i?.? I'. 7 4 . . . 4 i 7 ' j '2%
'7?I ?A A O .'??.?? W l. 99% ?'SH 99% 95%
n ir 7s w !.. 95% 95 % 98 %
20 ?Beth - -- ? ? w I 94% 94% !? < '?- ' ; ?
?Can N Rv 7s '13 99% S??-., 99% S<>%
: . ?CCC&St L ??" :r" ?39% 99% 99' 89%
6 ?Dut?u sne !.t 6s 88 .S'5 ?" s?'.
8 ?Bin G & F Ce 'S4 85 - - i.
?do Bs '36. . 95 '. 7 ' 4 95 ' ',
?Fr nch 4> 47% 17% 47% 47 .,
10 ?O'r?ch > _' .?.-? ' 1% : ; ?, f? ?-. <.r,ii,
' of Swed 6s. 85 ?' M 85
?0 ?Grand Trunk 7l ' , 100% 100%
? ?? - n T -- - :.-,.,
:? ?Kenr.i Cop 7s '3% 93%. 1 93
S- Ce ? - 91
51 ?VY N'H & H 4s. 82% 83% ,-?, . u
7" ?N rwaj i" w
10 ?Ohio Gas ?* '31 '?* '71 '4 97% i?
5 ?do 1''22 . 96% 96% 98?J 98 >t
10 ?do 7s ?377 95 !,5?4 ?S nji*
S ?do lf?25 ... 95 ?? ?I fj
? r>
18
TRIST COMPANY STATEMENTS
REPl iRT ? 'i . li!. ? 'ON DITION O? 7 Hfc.
United State? Tru?t Company of New York
r ? tlip ? '.???' >ay t '.
. ?? n ?7?
i? -.?,?
? - . ?:;. .
?; i
- '
Real .
.
1/ m > a . . i ? ?/? ,
und '.?*?-? ? "
it?rai
?
??ouaterai ? ? I
Loans llsrounla an?! Mill :? ? >>?;
I 01 sei in ! ?,y . ?>!!at/ ra. i -
Due ' ? IDIt ?!??? I rwrre ilrpoi.;.
tartos, i?' t!H"Ur... nr .f ?'? ? 1.799
Spn-lfl (?old ortlflcatos)
I? it tr 'in the I ? lerel II?' >a Ban*
nf No? Tur? lesa . ITatta 7 -00 C?i ' I
?' - '..'.111. T>.7
Accrued Interest enterad en booka
a' ?se of business on abo?a (lata 4'.?.'!.8
To-al . . Ml BI.M5
LIABILITIES
i kpltal ito? k ?7 000 9?0 <
Surpl i -
Hurplus fund I " 000 "i
1 ndlrl !-d ptoOU. I I 2^.448 8.
.? ?:.' 14?
I)rpo?;ts
Preferred as follows
D ii en V"rk 8ta.ta
1 .
i..
g iaidlan.
- . ? trustee,
? iQimlttee
;,. slUfj t Ut tU '?
? Its ??Dcornl
i ; l ??i?-lc- ?;f -isfce'* 2 v,o.::* rt
'.'
[. . a (ubleet to
posits, lim pi
lajally re'iuir..;
.'.?lili, ii irty ?la-.N Ci ?S 87.0 .M
r artiOcaU! uf
teposll 2.38! '45 16
ini?4nie?.
-. t 2M.IM 4"<
a' il'pnali?
?? in
?i m Im taie?. fli
- ? .
? .?k? al
minees ?
-
mated
,, .44 ' '
Open Higii l/O? : ?
25 ? Pan A Pel I i i
10 ?Huas (?vt 6%s > ? ;.
10 ?do . - '- . t
t
? \ ?'
' Ivay 4 Ole Is . :
lu ?Jwls? Gvl ? ? - i , ? i
IS ?Swift & Co 6s ?\ !. 7 9?% 11 .
30 ?Cn ;'.<: k L 7? ' ' :a ''"
15 ?West El? ' '. 3<
* ' . 7.-i4 r?% 7?
German Internai lionda
Mar'i.i ? ? ?i; n Hign. Low I.
- ? ? l'-rlln 4* Il I .
' ? ? I ? ? - ? ? ?. M ? ? .15 l i 15
1? ?Hsii.t/ur? 4s. . . I?'-, 16% ?8?, 1 '
S? .. 16% 16', 16% 11,
?Unlisted, ?Sells cents per share.
? .
( o m pan v Incorporates
WHITE PLAINS. Oct. fl. -Th? Com
. imbef Company, Inc., of Irv.n
tor., N V , to-day tiled a certificate
incorporation with the County Clct
Thi' capital is Riven at $300,000. Ti
directors are John C. Turrtfr, l?i W ?
Seventy-Iirst Street. Manhattan; W,
inm A. Rumham. lrvingt?a? John
Currey, New Hochflle; John P. Lynt
Council, ?a ; W. H He?i, J?ck*r
ville, Fla.

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New-York tribune. [volume], October 12, 1920, Page 15, Image 15
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924