New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 20, 1920, Image 12

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New-York tribune. [volume], October 20, 1920, Page 12, Image 12
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New-York tribune. [volume] (New York [N.Y.]), 20 Oct. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-10-20/ed-1/seq-12/>

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m?
:;
Phone, Rector 500U
Josephthal & Co
120 Broadway, New York
M>?nt>er?
Kew York Stock Bxchangt
Convertible
Railroad
B omis
.?1<k for Circular "T.R"
Prirate Wire? to
Principal Cities
Noto:?The dollar valu? of
these bonds will Increase with J
any Improvement In 1U9 rate *
sxchange.
Ask for Folder T. E
I
French Government
Guarantees
the interest and principal
of these bonds. The Com?
pany serves important in?
dustrial and tourist sec?
tions in Southern France.
Midi Railway
Company
(Compagnie des Chemin de Fer
do Midi)
6% Bonds
Price: $65 per 1,000
Franc Bond
To Yield about 6.25%
at present rate of Exchange
HolUster
White? Co?
92 Cedar St., Cor. Trinity PL
.NK1V YOHK
with lt|
As a safe and
;, r oft tabl e i nre stment
we -recommend the
City of
Copenhagen
3J/2% Bonds of 1902
actually firing ?a av?rai? yield of
9%%
and on which owing to the present
low rate of exchange an additional
profit of over 85 ', 'c may be real?
ized, when same reaches parity.
Ask for Circular "C"
Your inquiry is also invited on
BRITISH FRENCH
BELGIAN GERMAN
?ltd ?xher JB?r*pe?n Bead?
HUTH & CO.
30 Pine Street, New York
TeSeutwB? John 6*1?
A general international
commercial banking busi?
ness transacted.
Principal Branches
Brussels, Belgium
Buenos Aires, Argentina
Cali, Colombia
Harbin, Manchuria
Havana, Cuba
Manila, Philippine Islands
Panama City. Panama
Port au Prince, Haiti
Rio de Janeiro, Brazil
Santo Domingo,
Dominican Republic
Agents and correspondents
in all the other important
commercial centers of the
world.
?AMERICAN
FOREIGN BANKING
CORPORATION
53 Broadway, New York
Capital and Surplus $6,500,000
WE RECOMMEND
New York,
New Haven &
Hartford R. R.
Debenture 4s
Due April 1, 1922
Price 83 and interest
to yield about 16%
McClure, Jones & Reed
Member? N?w Tork Stock Exchang?.
US Broadway New York
Telephone Rector 7662
Ka i Is Make (i a ins
Despite Unsettled
Tone of Market
Trading Element Appears
Coulent to Await Out?
side Developments: Prog?
ress of Strike Watched
Stocks again yesterday had 1o con?
tend with numerous adverse influences,
and the highly irregular and uncertain
movclient of prices reflected rather.?c
! curately the state of mind of the aver?
age trader in speculative securities.
| As on Monday, the trading element ap
, peared to be content to await develop
1 ments outside of the market, and this
; resulted in a somewhat quieter session
1 in which there were few outstanding
i features. The rail shares formed per?
haps the most prominent group, and
i here the trend was upward, with a num?
ber of the more, representative issues
1 like New York Central, Norfolk &
Western, Union Pacific, Rending and
Canadian Pacific showing substantial
net gains at the close.
The progress of the strike of Kng
: lish miners was closely watched by
Wall Street, and reports of a possible
compromise between the government
and the strikers probably accounted in
a measure for the firmer tone displayed
by the majority of shares at the close.
Sterling exchange, which was depressed
early in the day to $3.40Vi, setting a
new low record for the current declin?
ing movement, rallied nearly 3 cents
?n the pound on the more hopeful strike
news. Much of the recent selling of
sterling, it is learned, has been for
; London and Paris account for the pur?
pose of creating dollar balances in New
; York to be used to buy American coal
and fuel oil in the event the English
i strike menaces industry on the other
side.
Although the government withdrew
$31,000.000 from the local banks yester?
day, the call money market was not
disturbed. Stock market borrowers
found a renewal rate of 7 per cent at
the opening, after which Cue rate eased
off to 6 per cent in the afternoon. To?
morrow withdrawals on government
account will amount to $20,000,000. The
effect of these withdrawals upon the
local money market is minimized by
! the rapidity with which the funds flow
back into the banks, which explains
largely why money rates have been
fairly stable of late despite the heavy
. withdrawals during the last fortnight.
The cotton and grain markets moved
in opposite directions. Cotton enjoyed
; a vigorous recovery, the first important
; reaction from the steady decline in
some time. The better tone in the
] cotton market was plainly duo to the
i fact that the selling movement had
been overdone, at least temporarily.
Grain prices were adversely affected by
increased offerings, particularly for
Canadian account. Corn touched a
new low record for the season.
-o
Money and Credit
('all money again eased off yester
: day to 6 per cent, after renewing at
j 7 per cent. The lower rate was reached
' in"the face of further government with?
drawals from the banks to-day, esti
j mated at $20.000,000. This will make
! more than 540,000,000 for the week thus
i far. Time money is said to be in
slightly larger supply.
Yester- Year |
day. ago.
j On mixed collateral.. 7 8
On industrial collateral 7 8
I Time monev (mixed collateral*!:
Sixtv davs.8(^8H 5%@6
Ninety days.8ro.8\?? fi34?6
Four months.8@8!? 5%@6
Four to six months. .8?8]a 5%@6
Bank Clearings -Rank clearings at
New York vesterdav were: Exchanges,
?$963,410,709; balances, $94,117,706.
Silver?London, 50^d; New York,
! domestic bar, 9914c; foreiin, 76'4c;
Mexican dollars, ?S^c.
Sub-Treasury United States fund
i reserve credit balance, $71,666,921.
Canadian Exchange New York funds
' in Montreal, $105 premium per $1,000;
Montreal funds in New York, $95.02
| discount per $1,000.
The Dollar in Foreign Exchange
Sterling exchange rates enjoyed a
: sharp recovery after early weakness
yesterday. On the forenoon break de?
mand sterling touched $3.4(H4. It
clot d at $3.41!. Francs were lower at
6.43. ?
Quoted in dollars to the pound.1
\esiei- Week
day. ago.
Sterling, demand .$3.43 $3.4825
?Sterling, cables . 3.4375 3.49
Sterling, sixty days... 3.39 3,.4350
Sterling, ninety days.. 3.37 3.41
(Quoted in cents to the unit.)
Francs, checks . 6.435 6.51
Francs, cables . 6.445 6.50
Belgium, francs, checks 6.82 6.94
Belgium, francs, cables 6.83 6.95
' Lire, checks . 3.79 4.01
' Lire, cables . 3.So 4.02
Swiss, francs, checks.. 15.77 15.95
Swiss, francs, cables.. 15.80 16.00
Marks, checks . 1.43 1.5
Marks, cables . 1.43 1.54
Guilders, checks . 30.73, 3.0.SO
Guilders, .cables . 30.8.", 30.90
Austrian, crowns, chks. 35.00 .",3.00
Austrian, crowns, cbls. 35.00 37.00
Sweden, c ,ccks . 19.65 19.50
Sweden, cables . 19.75 19.60
Denmark, checks . 13.80 13.80
Denmark, cables . 13.85 13.85
Norway, checks . 13,.72 13.92
Norway, cables . 13 "7 14.00
Pesetas, checks . 14.15 14.40
Pesetas, cables . 14.19 ?4.15
Greece, checks . 9.85 9.75
Greece, cables . 9.90 9.875
Manila, checks . 43.50 46,50
Manila, cables . 46.75 47.00
India, rupees, checks . 3,1.25 32 50
India, rupees, cables . 3,0.50 33.00
.hipan, yen, checks.... 51.125 51.125
.lap mi. yen, cables..., 51.375 51.375
Argentina, checks .... 79.375 82.875
Argentina, cables .... 79.625 83.125
Brazil, Rio, checks.... 16.75 17.73
Brazil, Rio, cables .. 16.875 17.875
Czecho-Slovakia,. chks. 1.25 1.35
? echo-Slovakia, cbls . 1.2,, 1.35
-??-~?_
Paris Market Irregular
PARIS. Oct. 19. Trading was ?r
: regular on the Bourse to-day. Three
per cent ' rentes, 54 francs* 12 cen?
times; ? per cent loan, 8C francs 42
centimes; exchange on London, 53
francs 10 centimes; the dollar wa?
quoted at 15 francs 65Vs centimes.
London Money Market
LONDON. Oct. 19. Bar silver. 50'...,)
pel ounce? bar gold, 120s 3d; money,
4 per cent Discount rates: Short
bills, :>\.:i,K per cent; three month
bills. 6 ll-16(a6% per cent. Gold
premiums at Lisbon, 140.00.
-+
Monthly Earnings
Philadelphia Rapid Transit
Sejpt gross . $ 093,995 [no
Net alter lax 19.21 i
Det al ;!\ digs : >,g; 9 ln<
? tnoa net gross 27.854 7 | : hie ! S
Net after tux . 7,294.503 D,"c K1?'?9S
Sur af fix chga. StiO.011 Dec. Sii
Pitts, (inn., Chicago & St. Louis
August groas... ?7,299,316 Doc. Jtil 1.031
Deficit after t;ix 8, 1 ;.!, ?CO Inc. 8,794,671
I Net op deficit.. 8,484.448 Ino. 9,05l[o21
i 8 tnos' gross... 65,724,894 Inc 5,814,922
. Deficit after tax 11,193,516 Inc. 13.854.4601
Net op deflcll 12,; 51,986 ln< 14,l
Wabash
Ausust gross |5,773,S9S tnc $2 62{
Bal Rfter tax . ]:<i">.777 Inc. 500,999
?Nri op deficit.. 299,899 Dee. 243,051
8 nios gross... 30,944,896 Inc. 6,851,970
Deficit after tux 3.310,817 lac. 4,727,4X5
Net op deficit.. 5,716,913 Inc. 6.584.36?
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
(Copyright. 1920, NVw JTorlt Tribun? Inc.)
Oar Year ,f ?nu?rT 1 to dale.
Yesterday. heforo. ?eo. 1920. 1919. 1918.
Railroad stock* . 136,800 221.300 326.600 32.499,500 51,574.400 26,793,600
Other stock* . 238,100 282,800 1.390,200 141,264,300 190,863,200 83,999,500
All stock* . 374.900 504,100 1.716,800 173,763,800 242,437,600 110.793,100
Yesterday Day before. Year ago. 1920. 1919.
T'. S. toTernment bond*. 57.854.00J $7,251,000 $11,961,000 $2,320,647,000 $1,988,561,000
Kailroad bonds . 2,179,000 2,098,000 1,671,000 333,146,000 294,887,000
Oilier bond? . 3,465,000 3,114,000 1,667,000 292,289,000 312,544,000
All bonds . 13,498,000 12,463,000 15.299,000 2.956,082.000 2,595,992,000
Record of Stock and Bond Averages
(Copyright, l^L'O. Now Yor"k Tribun? Inc.)
Stocks Range thus Range full
Vastar- Day Tear far 1920. year 1919.
day. bffore. "?o. High. ' Low. High. Low.
i 20 Railroad Mock* . 72.65 72.30 69.55 73.25 58.60 78.80 63.25
I 30 Industrial stock? . 85.60 85.27 117.73 110.30 82.53 119.33 79.20
I 50 Stocks . 80.42 80.08 98.46 92.05 74.46 99.54 75.92
i Bonds
10 Railroad bonds . 76.50 76.73 78.80 76.73 66.73 82.80 72.83
' '.O Industrial bond? . 84.35 84.22 93.41 91.45 82.92 95.70 90.56
! 0 trtlity bonds . 73.02 73.45 79.90 74.53 67.64 87.75 71.80
! 25 Honds . 78.94 79.07 84.86 81.71 73.94 87.91 80.21
Rieh.
1920.
4 6 %
72
8834
2'a
3
91
53%
92
6238
95
103-24
6134
101
L?w. DIt.
1920. Rate.
25 ?
57' ;, 6
28*8 6
1 ?
VA ?
8934 ?
28 1
70' g 7
56 ?
75 8
703^ 8
30% -
85'
High. Low.
7
Advance Rumely .
do pf.
Ajas Rubber .
Alaska (iold Mine?
Alaska .luneau . . .
Allied Chem pf . .
Allis Chalmers . .
do pf.
Allied Chemical
Amer Agr Chem..
Amer Heet Sugar.
American Can . . .
do pf.
14738 124% 12 Am Car A Fdry. 600 133% 133% 133' 4 133'4? 34
54
15%
175
122
119'a
95
109'4
107
17%
30' a
72
83
1153;i
142%
118' a
106=4
100%
283
210
97"' 4
165' ?
61??
2134
66' a
90
82
12'4
20'4
176'2
24
148'2
102'2
49%
53%
154'. 2
32' 2
102' 2
114
17
13%
62
15
129
11%
27%
28%
6S
134
1C434
108' 2
2?0
61%
164^4
6?/%
15
17%
14'2
33%
^438
65
91' a
111%
' 41%
8434
71%
72'2
62
69
21%
64'2
6034
65', a
67
80
93%
20 3 g
14' 2
105U
107
46' 4
43 3 ?
278' 2
603.8
593?
85%
26%
108
9
1638
13
117
21%
30' a
2234
4-!34
48
36' 2
192
95
75%
172
42
85'4
65%
20' 2
9OJ4
41%
38' 2
3534
78'4
116'2
23'4
97'4
27
20' b
t>178
5%
16%
142' 2
5!7h
227
9 .
95
5634
64' i
61%
82
95' ;
163,,,
523j
70?,
86
99
102
74I.4
92'. (
104' ',
102
85'.;
69! ?_
38 ?
11 ?
49! 2 4
76 6
72 5
18 ?
128% 10
14% ?
100 7
95'2 7
27% -
40'. a 4
114 8
41 '2 ?
67% 5
103% 8
9% -
5'4 ?
48% ?
6% -
84 10
6% ?
10 ?
IO/4 ?
52 4
110 10
39% ?
94% 7
175 8
. 33% A
74 10
47 4
4 ?
4S? _
2800 78% 78% 77'
400 9% 9% 9'
400 18% 19'2 18'.
700 143 146 143
100 15 15 15
12900 Us?a 114% 113'
700 98'4 98% 98'
7100 47'2 47% 47
1400 53J2 5334 533
100 131 131 131
900 4% 434 4'
2800 70% 79% 70
10O 105 105 105
3600 14 15 14
1000 934 10 9:
100 54 54 54
100 6% 6% 6'
19% 2
30% ?
45'4 ?
67 5
741.2 7
23' 2 ?
64! a 7
54 6
58 5
42 ?
62 6
12% -
24%
27%
18
50
55%
73%
8'2
10
76%
100
25
30
115! 2
36' -?
3138
71' 2
25' a
83%
2
111%
84
91%
26%
47'4
9*4
7%
27'4
52! 3
152 ?,'2
1%
33' 2
43' 2
9-'4
46%
24%
40
55%
110%
36
28
70
: 183%
151%
58%
33' a
30' 2
38
3P! .
63'a
222
26
71%
52%
21
90%
60
11
40
69%
863a
102%
18
93! 4
17%.
60' a
83%
65
711
?8%
C1
37%
27%
2238
103' >
603 4
9%
CO
9%
17' a
12' 2
26%
19%
20
140
87
58%
134
16%
64?*
48
16
65%
30
23
25',
60
75
13
80'f
13' ;
16
43
3
8!.
106
173
69'
72
62!
IS?
28
Amer Cotton Oil. ... 100 24%
.80 Am Drug Syndicate. 100 9%
6 Amer Express . 100 140
7 Am Hide & L pf.... 1500 59
6 Amer Int'l Corp ... 3400 72'8
3 Amer Linseed . 200 69%
6 Amer Locomotive . . 2000 96
7 do pf. 200 100%
Amer Safely Razor.. 100 14%
? Amer Ship ft Com.. 300 17%
4 Amer Smelting . 1600 58%
6 do pf A. 100 77%
8 Amer Snuff . 100 105
Amer Sugar . 2100 104
do pf. 2200 107%
Amer Sumatra Tob. . ICO 87
Amer Teleg & Tel... 3100 100
Amer Tobacco . 400 133%
do B. 2800 128' s
do pf new. 100 9034
Amer Woolen . 2200 70
Amer Writ Taper pf 100 51
American Zinc . 200 11%
Anaconda . 1600 49%
Atch, Top & San Fe. 3400 88%
do pf.
Atl, Birm & All. . .
Atlantic Fruit .
Atl, Gulf & \V I. ...
Austin Nichols
Baldwin Locomotive
do pf.
Baltimore & Ohio. . .
do pf.
Barrett Company .
Beth Motors .
Beth Steel, Class B
do 8% pf.
Bklyn Rapid Tran. .
do ctf?.
Bklyn I'nion (?as. . .
Booth Fisheries Co.
Burns Bros . 1400
Butte Cop & Zinc. . . 100
Butterick Co. 200
Caddo Oil . C600
Calumet & Arizona. . 100
Canadian Pacific . . . 6800
Central Leather .... 1500
do pf. 200
Central of N J . 100
Cerro De Pasco. 100
Chandler Motor* ... 200C
Chesapeake & Ohio.. 150C
Chi &? Last Illinois. . 20C
do pf. 50C
Chi Gt Western _ 36CK
do pf. 340C
Chi, Mil & St. Paul. . 660C
do pf. 280(
5 Chi & Northwestern 60C
7 do pf. 60(
Chic, R I & Pac_ 240C
7 do 7% pf. 60(
6 do 6% pf. 10(
5 Chic. St P, M A O. . 601
C, C, C & St Louis. . 101
6 do pf. 1CH
? Chile Copper . 40'
1% Chino Cons Copper.. 14CK
Coca Cola . 410(
Colombia Graph . 140
Col (?as & F.lectric . . 101
Consol Cigars . 40*
Consolidated (?as .... 30
Cons Int Call Min . 160
Continental Candy . 400
Corn Products . 450
do pf. 10
Con Textile . 120
, Cosden & Co. 20
Crucible Steel . 280
Cuba-Amer Sugar... 200
Cuba Cane Sugar... 340
do pf. 200
Do Beers . 20
Del & Hudson. 30
Denver ci Rio Grande. 100
do pf. 40
Dome Mines . 10
Lndicott-Johnaon ... 3C
Erie . 34C
do 1st pf. 22C
do 2d pf. 6C
Fed Min & Smlt pf 3C
Fisk Ribber Tire. 6C
Freeport Texas . 3(
(?prierai Chemical
do pf.
General Cigar . .
Generul Electric
General Motors . . ?400 18'
do 6% deb . 300 67
Goodrich, B F. 1400 50'
Cuan Sugar . 1000 17'
Gt Northeri pf. 5100 88
Gt North Ore subs... 300 34'
50 Greene Can Copper . 200 27
Gulf Mob & Nor pf . 200 33
Husk & Barker Car 400 673
Houston Oil . 2000 105
128! 4 129%
125% 124% 125'
200 147'
200 88'
200 62?
2600 140
Hupp Motors ....
Illinois Central . . .
Iut'l Agriculture .
Indian Kef .
Inspiration Copper
Int-Cons Corp . .
do pf.
13%
40
513?
22
129?
61
3934
99
18%
11%
38
125
87',
38%
20
17%
2' ?
6' _>
148
181 2
10 4
37'4
9
63
50
21
36
23%
59
44
81
6' a
70%
10%
31
64%
2334
41 4
20
44' g
23%
16
12%,
85
48
Int'l Harvester . 2200 108
Int'l Me-. Marine 27C0 13
do pf. 2400 69''
Int'l Mo Tr 1st pf 100 73
Int'l Paper . 5400 73
lnt'I Nickel . 800 17'
Invincible Oil ...... 5600 31
60 lndiahoma . 300 7'
I,land Oil & Tr 5000 6
Kansas City South 200 24'
do pf. 800 49'
Kelly Springfield . 1200 51a
do rts. 5800
Kennecott Copper 1400 22'
20 Keystone 'lire . 1900 14'
Lackawanna Steel . 1400 64'
Laclede (?as . 200 46
Lake Erie 4- \\ e-,1 . 200 21
do pf. 400 38'
a Lebigh \ alle? 1500 53
Lie ?S. Myers lob pf 100 103
Loevts, Inc . 2400 20'
Loft Candy . tOO 13
? Loose-Wiles Biscuit . ? 300 38
12 Lorillard, 1'ierre 800 140
10 Manati Sugar . 2400 89
7 Manhattan Elevated 300 58
134 Manhattan Shirt . 100 20
2 Martin Parry . 200 18
? Maxwell Motor Co 200 3
? do ctfs . 100 3
? do 1st pf . 100 8
2 Mexican Petrol 24500 189
2 Miami Consol Cop 300 19
i.60 Middle States Oil 8C0O 13
4 Midvale Sleel . 1200 38
? Minn & St Louis new 400 18
Minn, St P & S S M 300 85
5 M. St P & S S M I I 100 56
? Mo, Kan & Tex . . ." 5600 4
? do pf . 28C0 8
? Missouri Pacifie . 3900 27
? do pf . 1800 52
? Mont Ward & Co . 1400 24
3 Montana Power . 200 64
? National Aniline . . 400 57
7 Nat Cloak & Sui. pf 400 81
? Nat Con & Cabls . 1600 (
6 National Lead . 200 74
1 Nevada Consol Cop.. 800 K
? N O, Tex ft Mex. . . 700 5f
5 New York Central.. 13100 81
? N Y, Chi & St Louis 1900 6:
5 do 2d pf . 200 6?
2J 2 New York Dock _ 100 24
5 do pf. 100 41
? N Y. N H & H 5600 3?
1 N Y, Ont h West . 800 2?
.50 Nunnally .?. 200 15
7 Norfolk ft Western. 300 -91
5 North American . 300 5!
38 % 39'!
274
(X 57
% 73
Rich.
1920.
9?'4
771 4
2938
5%
157
2834
41%
78
61%
116%
44
361 i
42
32
67%
42'-,
52%
23' ?
98
72' *
50%
39'4
27%
113%
104/a
124
120
10694
22%
10T4
6'
60'2
124^4
5534
93/a
12L%
21%
33%
40
11%
20%
15!/4
243
9C4
4334
?|0633
33'-4
66'/2
870
Low. Dir.
1920. F*U.
66-4
38
171. j
3%
107
26'2
19%
22%
41(4
71J4
37%
16
27
22
29
30'4
33
11
79
51%
36
21 Vi
12'2
84
96
109
66
96' 2
131 4
64%
32%
33'4
723 4
25
34! k
691-8
4%
15' 4
11
6
10
14-2
105%
45n y
23| 8
88'a
18
50
600
113% 100' a
1181.4
126?a
60
20%
13%
533a
47
533a
20%
270
95' 2
3334
66' 2
34', 4
38
129%
G9'4
53
224
14
2934
25/2
7834
116%
693.,
96' 2
14334
109
116%
803.4
13! 4
! 97
; 80'4
I 21
13
! 34=?
' 22
; 15%
' 27'/;
40
! 75'-2
119
: 55i'a
i 98';
i 16
' 28
! 30
i 93
' 116% 103
I 95% 55
50
53'2
41
17%
9
40
17
31
9' j
190
57
9
40
16' 8
25'4
110
611-4
36%
176
7'8
13
12%
46
77'2
40
59
74%
83%
104%
65%
7
42
55
1038
7
20'2
14
5%
11
20 "2
54%
98
44' 2
86
9
15
10
58
*Ex dividend
7 Northern Pacific
5 Nova Scotia- Steel. . .
Ohio Body .
'.40 Okla Prod & Ref. . .
8 Otis Elevator .
2 Orpheum Circuit
Otis Steel .
4 Pacific Development .
5 Pacific Cas & Elec
6 Pan-Amer Petroleum
3 Pennsylvania R R. . .
Penn Seaboard Steel
- People's Cas & Coke
- P?re Marquette .....
- do pf .
3 Philadelphia Co . .
- Pierce Arrow .
Pierce Oil .
8 do pf.
Pittsburgh Coal ....
Pure Oil .
Pitts St West Va....
Ppnd Creek Coal....
Pressed Steel Car...
do pf .
Pullman Co .
Punta Alegre Sugar.
Rail Steel Spring pf
Ray Consol Cop ....
Reading .
do 1st pf .
do 2d pf .
Rep Iron & Steel .
- Rep Motor Truck
Replogle Steel .
5.50 Royal Dutch .
? Saxon Motors .
? St Louis & San Kran
St Louis Southw . . .
? Seaboard Air Line..
1 Santa Cecilia Sugar.
? Sen ex'a Copper .
8 Sears Koebnck .
.74 Shi 11 Trans & I'r
Sinclair Oil.
6 Southern Pacific .
? Southern Ks>.ii ....
do pf
Bland Uli oC *.' J
do pf.
Stromb-rg Carh ....
Studebakcr .
Surerioi Steel .
Superior Oil .
Tenn Cop & Chcm ..
Texas Company
Texas ? Pacific . .
Tei Pen. i-V.l & Oil
Third Avc U ?1 ...
Tide Water Oil _
Tobacco Produrts
Transcon Oil .
Transue VV Steel. .
Times Square Auto. .
Union Oil .
I'nion Pacific .
do pf . . .
l.'nited Alloy .......
United Fruit .
United Ry Invest...
do pf .
U S C I Pipe & Fo.
17 S Food Products. .
1: S Ind Alcohol_
I H Realty & Imp . :
United Retail Stores
I S Rubber.
Inited States Steel..
do pf .
Utah Copper .
Utah Secur Corp....
Vanadium Steel ....
Virginia-Car ?hem .
Vivaudou .
YVnbash .
do pf A.
do pf B.
Western Maryland
do 2d pf .
Western Pacific ....
do pf .
Westing Air Brake..
Westinghouie Mfg . .
Wilson Co pf.
Wheel & Lake Erie.
do pf .
Willys-Overland .
do pf .
Woolworth pf .
Worth Pump AM..
5
20
7
4
7
6
2
31%
16
Bid and Asked
1!: I. Asked
A-Unn T'.ip.. :;tH
Alii &? Sas...120
Am Ag CI er SI
Am link -Ni.trt 4
rtl.l Asked.
t Paper pr.100 10.1
1.10 Int Nlcke
87% Int Sal'
pr
do pr
?ii
Am Reet fl pr B?
Alis & V pr -"?
A i' & I' pr 10H
A C'Ol Oil I r lit
Am Ice Src . > '
do pr . ."';?
I Am Ma!" .V G 26
; Am SMpbldg,
Am Smelt p.- 92
! do pr A.... 7c:
, Am Snuff . . ..101
ntral.
lewd Tea ...
tin pr .
Kayser .1 ...
KCKS&M pr..
i ity
404 Kelly
r.S'
no
pr.
Spr pr.
PC Pi ?
Whee .
Kelsej
Kelsey Wli pr
? Keok A V M.
pr
Ky pr S.".
A S im T pr S".
Am Toi & C 17
Am Wool pr. 93
Am Jtlno .... 11
do pr . 42
Arbur . . 1'i
do pr
iets It! Co
A;--.i l)rv U
do 1st i- .
103 i Kr.-ii & Co. . Tii
87 I,ar!ede Gas.. 4-?
S" V I,-.- Hub & T 20
8914 I. <t M T pr. O'.i
01 do 1! . 128
!-4L* [,.\V BIscUll .7'
13 do 1st pr... 17
?30 ilo 'M pr . 104
25 l.oi-illar.l pr. . 911
83 ?.-.I.M.?? i N.100
4 Maekuy Cos... 63
CD
At ,: lie Ili-i 1070 117
AO & W 1 pr tiJ i
Auto Sales Co 4-\
Ma:
. Mai
VI u
Suga
Bi'?c
<tip
Batnsdall 40
do It . :<:
Barnett Lea.. .'
do pr . Vd
H u ' :tt Co pi 101'
Batopllaa M..
Beth Steel
do 7-1 pi
:
'"(
Br
Mar H,, i iv. ..
M . Harry . IS
Mal Al W. .. -?"
Mu .M lit pe
do l'I pr.... 3
-May Dept St. . 7.
do t-r . 93
? Mes Pel pr. 90
t M'i'h Central 90
MSl'A S s M 8
- do P." . 90
id 11 ?
do pr . s'
Bun - llr.4 pr 9'
Bruns? il, '
Buff H & !'. Di
do pr
BufT ?. Sus.. 7
do pr . 4
1! . .. T. rru
C Pel pr ?
Ca A: Art?
Can Southern
in. .11 ir
I'?.??? ?'.
M
Pom
113 Morrh
- !-? Mullli
100
S'ash & Chai
Nat Bl uli
do pr .. .
N i: ? S pr
no1
; '.:
:?<
vim .m :
NTC&SI,
?hi p r i
& I ' 11 ts
?M-.viA.il :
: c c & - '.,
do pr
tueti Peu -
do pr .
lo . I pr.
I. . ; .
i ?V. ?I
? ' if a i
44
l'a :?? -
Id p:
Mi
.;,
Co
1 'orn l'n J pr 10U
i ru .Steel pr.. El ?
C?i Am ? . i ? ? ? _
\><! o Cu pr . 1)3
1'iv I'lieni
Di Bdlso 93
Del L'n UK.
h_>- Kodak. 51 i
pr .I0o
D a s & a.. :??
pr
9
; un Ilos
do pr ....??
K ? St Bat 11 I 140
Elkhoru C pr 33 17
bin ??ru: ; 11 13
do pr .....
Endl John pr 93% ''4
' Erie i PlUs 4"
i Fairbanks . . '?'?'? ? 7 ti
Fain Play pr. 82'? S4
, Fed M <fc S. 9*4 11%
Fisher By pr.10.) 10J
Gen Cham pr -?>
| Gen Am Tank 83 btf
: Gen Ligar pr 88 92
d ' pr deli. 83 85
Goodriea pr.. s4 85
I Granuy M . . ? i
! Gray 11..'
G .M & No or 10 t
Gulf ?tatea S-. 49 I*
Hartman Corp .1 '??
< Hoiut'itako ... 47 50',i
! lilt Agrtcui 20% 21
.: . pr . . 79 81
i hit liar pr. 108 lu;1
lui Motor Tr. 40 41
>lo lit pr. .. 7j 7>
do 2d pr .. ?0 it
. l'n ? l'e & : 11 43
'1 - !'.:;- & Ulna- "<i
'.? He ?? I C pi -.,1
I', re XI prl pr i i '
Petti Mulll
' do lil pr .. ??. :. .
' Pierce Ar p ?? i',
Pitts i ial pr - i S3 4
4 I- F W it C.IV.1 120
Pitts Steel pr s ! 90
P & W Va pr 79 SOW
Pond Creek C '.4 :?)
1' S i ' N I 70
Pullman Co. 112% 113
' ,i ><" Steel Spr. 94%
101
10
Hy
H..; I Mines
Re?s A- Co.
24
do
;j
Kfin T 1st :.- 86 9"
do 2d pr. . -", 02
Rensselaer ... no
;ii I & S pr. D3 98
S I. i 3 I' pr li 47
Scab A I. pr 17 IS
Si'an Rob pr. 105 108
Shat Ariz ... 7*4 8*4
[S S S .^ X pr ?3% 89
S :? H .-?ugar 116 120
do pr .10.1 109%
Standard MI11.120 140 '
so
7,0
lo pr . 75
Slewari War.. 31
Steel Tu e pr 6
? er pr ?>_
Sl.P SP> : .1
do pr ..... :-7 .
Tenuor 8% i:
T a P Id - : " 323
Tl lewater Oil .: ;
T.-r, & \v ? -r? io
do pr i-: fs .13 3?
rwln Cltj It T 87 .is
1 do pr ?' ? \ s
220
t'ndcrwood T.ISO
do pr .102
tr L'isur H?..1.M)
do ?>r .1U0*
L'nited Drue.. 105
1st pr. . . 4t
KO fUSS &
i Alio
?ici r & i" uv? 15
il? pr . 1H? l .
s Express. . ''',j "
s I A! pr ft 91
i tl 1st Dr 104'? 106V;
Did. Asked.
r. pr 4;,>-j 4-.
Car Cli pr.lOti
Va 1 C A: C. H!
Wabush pr 11 52
West'sa M 1st. 61
Wilson Co ?.r. SO
Wh 4 1, Kir -'.'-i
Willys '? pr. . GO'S
Wls Central. . 4:' Id
Woolworth . 1?BH 110
Wr & M pr A -' 90
do pr 1!. H- '"? ?'?''>
-:S
Equipment Bonds
(Quoted en Income
Name, l?ate.
Hak & Ohio. . 4 >.?
Beth Steel. ... ?
Host & Alb. . . 4-j
Buffalo, H 4- P 4V4-S
do
Canadian Nat. T
Canadian Nor. 4 V4
Canadian Pac. 41?
do . *
C C C 4 St L. 6
do . 6
Ches * Ohio. . 4 li
Ch It L A Pac 413'
Chic & M W. 4'i
CSt G & X O 3
Del i Hudson 4 ? -j
Brie . 4','j
! : Centi al_ 4
Kan Citj s,,. .
Louis .fc N'ash. ."
Ml 'h Central.. ?'?
dO . 3
M s p .v SS-\I 4:
<to .
N V (J Unes.. P
N ? Cent K 1! 4:
N Y c A- St G 4',
?: y \ Ji ,v li 4
Norf X Wesl
Nor Paclfli
Pac yv y.x p
Pennsylvania
Pitts * G E
Beading Co.
4 U
4-4'
6 S
Seaboa ni .
Southern Pac ..
do .
Southern Ry..
Cnlon Pacific,
['ilion Tai,!.. . .
Virgin lu R ? ?
iV ibash ... .
i\.?.
percentage
Maturity.
1920-'27
19'Jl-'2?
l920-'27
1921-'?rt
192I-'33
1935
l92?-'29
1920-'29
1920-'32
19 21 - ' 2 9
1921-'27
l?20-'27
1920-'27
1920-"j::
1920-'24
1 9 i 2
1920-^7
1921- : 2
! 9 J'i -' L' 4
1920-'23
1921-'32
1920-'30
1920-'26
1921-'30 '
1921-'30
1920-'28
: ' 1 ? :
1921 '25
19 1
i-6 1920 ' .
I ?20-'24
I ?.".-' 0
192D-'35
1920-'23
1 32 1 -':'. 5
1921-'27
i-ti 1920-'27
1920-'2ti
1925-'36
? 1920-'2S
1924-'35
:,.?.' 0
bus'.?,)
Bid. Ask
8.00 7.8?
7.^,S (i. 7 5
7.10 o 7 3
7.60 ? ?0
7.60 ?.?l
7.10 ?.90
8.1:3 7.5?
7.20 S. 7 3
7.60
g. 25
7.30
7.30
7.15
S.00
8.3 0
7 50
7 50
7.10
8.23
6.75
?.73
6.9 3
6.. S 3
6.50
7.00
6.3 0
6.J?
f. 3 0
7.00
K..3 0
Ui't 2 3
1 ?et 22
Oc
30
' ?i 1 lu
Oi ? .?..>
? ?et -1)
Oct 2 0
il''. 20
Oct 23
?ct -
0< t : :
, (et 20
I Oct 21
Oi ; 20
act 30
o< t z:
Oct 30
Oct : v
(je: ? ;
Oet 23
Oct 20
( lot 25
Oct 21
, I, t 30
Oct 29
(jet 29
Oct 23
Oct 21
Stocks Ex Dividend
Coinpn t: Per C
VI: ls*-t halmei s Mff C. .
v ti li, Top A Santa r e H.. Co .
Brow 11 ' Shoe < '.o, 1 ne.
Burns Uro* pf.
Cln, Sandusk; a- i lev RR Co pf,
Cluett. Peabody A-. ?'?,. Inc.
Consolidated < 'oal i '?,.
1 lorn Exchange Bank .
i' nnectlcul 1 : ? <v Gt? Co.
do pf .
Durham lloslei > Mills pf.
i 1kU< r Body 1 irpjurat ?on . .
do pf. I
General Cigai ? ? [ni
,:., .-ana El ?< Ry, G & P Co.
do p?.
Kayser, Julius, & Co. 1st pf...
Kelsi ! \V heel 1 0, 1 nc, pf
Kress, S. !!.. a.- Co.
Milwaukee Bl R> & Lt Co pf..
New Central ''oal 1 '<? of W \'a.
Norfolk & West Ry Co adj pr..
Pai ific 1 loast Co.
do 1st pf .
do 2d pf
Phillips-Jones Corp pf temp..
Pit ?' & W Va H, Co pf.
h a 7>. ta Cecilia Sugar Corp...
Beai -, Roebuck & Co.
Tobacco Products Corp, script.
United ''.tfar Stores Co of
? America, stock .
Willys-Overland Co.
Wilson & Co. Inc.
?1 M?
??uo
Dividends
Rate.
Am Bx Nat Bk : ' '.
Ft Worth lJ & I.
Co pf.: -\ ' .:
Jeff-Clearfteld C
& r pf.?; .00
Pao P &? I. Co pf. \'->.f,.
Pitta o & G Co.. ' V -
! Port (Orel G &
c Co pf.is?f;
Smg Mfg Co. atk ??' ?
Stock
Pe- I'a v- holders of
rl? ! able Record.
s-a Nov. 1 Oct . 2:
q Nov. ? Oct. 21
Nov. lJ Xov. 10
0. Nov. : Oct. 2 -
q Nov. !3 Oct 31
q Nov. 1 Oct 22
In Wall Street
London New? Help?) Market
The course of .stock market prices ,
at the rr.omerit seems to be under the
direct influence of the news regarding ;
the great strike of British coal miners.
Dispatches on Monday saying that
there had been n serious outbreak by
the unemployed in front of the resi?
dence of Lloyd George caused traders
to sell stocks, and declines were the
rule at the close. Yesterday the con?
verse was true. Prices moved sharply
upward on the'cables that the way to
negotiations for a settlement of the
strike had been opened by a labor
member of Parliament. It whs evident,
that shorts had become nervous over
the possibility of an adjudication of
the differences between the coal miners
und the government and decided to
cover stocks that had been sold for a
fall. There was little indication, how
1 ever, that the public had entered the
market to reap the benefits o*' the
' much heralded preelection rally.
Cotton at 18-Cent Level
The advance of a cent a pound it
cotton contracts on the local exchange
yesterday was not entirely unexpected,
in view of the sharp decline of the
previous day. The bulk of the buying
was by shorts, the demand from this
source being persistent even at the
higher level. The improved sentiment,
which caused shorts to seek cover, was
laid to the strong tone of Liverpool
cables. An interesting feature was
the entrance of N'ew England spinners
in the market for the first time when
futures were selling near the 18-cen:
level Monday. Many in the trade took
this action to indicate that milis were
figuring on 18-cent raw cotton.
Shrinkage in Cotton Values
The statement of Secretary Mere?
dith before the American Bankers' As- .
sociation convention yesterday, as re- :
ported here, that at existing prices the
present cotton crop of about 12,000,000
bales would lack more than $333,000.
000 of bringing as much as it would '
have brought a year ago attracted
much attention in the cotton trade.
Many were surprised at the Secretary's
figures, for they had figured the defla?
tion at about 14 cents a pound, or
nbout $840,000,000. The slump from '
the even higher level of last spring ;
and summer, it was estimated, would ;
tntaii a loss to the Southern farmers ;
of nbout $1,000,000,000. Secretary Mere
aith's estimate of the loss in corn at j
$1,000,000,000, it was pointed out, was i
far below prevailing estimates of as '
high as 31.865,000,000 in the slump
from mid-July, which carried values ;
down 58 cents a bushel.
Sear?, Roebuck
The placing of a premium on loans '.
of Sears, Roebuck stock and the report i
that odd lot houses had refused to ac-\
cept short" sales for the time being '
caused a considerable amount of cov- I
ering in this issue yesterday, and by ]
the close it had scored a rise of 3
joints from Monday's last sale of
?08^. Commenting on the company's
showing for October, Albert H. Loeb,
vice-president, was quoted in Chictgo .
dispatches as stating that sales are off ?
more than 30 per cent mainly because
of the fact that last year they showed
the abnormally high increase of 60 per
cent. "We have had unseasonable
weather," he added. "There was heavy
buying of blankets, winter clothing,
etc., a year ago. If summer is indeti
nitely prolonged there is no telling '
how much worse comparisons we might
make, but, assuming normal climatic
tonditions soon, we will complete 19*20
with a fair increase. Our business is
good, all things considered, and there
is no justification for any prediction
of a reduction in the common dividend
rate."
Expect Lower Interest Rates
The case with which the $6,000,000
Swiss city of Zurich's twenty-five year
8 per cent bonds were taken by in?
vestors again emphasized yesterday
their lusty appetite for long'term se?
curities carrying a high rate of in?
terest. In view of the success of this
and previous issues carrying a similar
interest rate investment dealers now
are of the opinion that the rate will
have to work downward, particularly
as regards new domestic offerings. It
i.- known that bankers have been work?
ing for some time on a new Illinois
Central issue of equipment certificates,
and it was reported yesterday that
these may be offered on close to a 7
per cent basis.
Coca Cola and Sugar
Probably one of.the reasons for the
recent liquidation in Coca Cola shares
vas revealed yesterday in the ?-tate
lr.ent that no action was taken on tiie
dividend in September, when the dec?
laration was due. This does not mean
that the quarterly dividend of $1 a
share was passed. Directors are sched?
uled to meet October ;">, when the mat?
ter of dividends wil be taken up
Bankers connected with the company
said yesterday that Coca Cola is earn?
ing its dividend requirements, but that
funds had been temporarily tied up
because of the Cuban sugar* situation.
It is understood the company was com?
pelled to take a larger consignment of
the crop at one time than it had antici?
pated.
United Fruit
Talk of either an ^ctra cash or stock
dividend on United Vruit was revived
yesterday when the stock spurted from
206 to 21:C? and closed 8 points up at
213. Thin story served as an excuse
for bull operations last spring, but it
was later denied that such action was
contemplated. It was pointed out then
that because of the expansion in the
company's shipping operations, which
called for considerable cash outlay,
and since the inauguration of the $12
cash dividend last February, the man?
agement was disposed to move slowly
so far as stock dividends were con?
cerned. '
The Aetna-Hercules Deal
Despite the statement of officials of
the Aetna Explosives Company that
they know nothing of the reported ne?
gotiations involving a sale of the plants
to the Hercules Powder Company, cer?
tain directors express themselves as
confident that the deal will go through.
Although '.he conversations between
'he interest- in the two companies
have been ??hrouded in secrecy, it ?.???
yaid yesterday by a representative of
certain Aetna stockholding interests
that the company's shareholders have
been offered $10.25 a share for their
stock and, in addition, a block of Her?
cules Powder preferred.
Convertible Railroad Bonds
It is the opinion of some observers
that the security market of the next
few months will be primarily a rail?
road market, and recent performances
serve to coniirm this belief. Among
brokers there is a tendency to stress
the double attractiveness of the rail?
road convertible bond. As a bond it
is pointed out, that this security carries
all the assurance and safety which cus?
tomarily attends an issue of this char?
acter, offering as well the speculative
advantages of a common stock. "It is,
perhaps, r.ot going too far," said a
Broadway wire house yesterday, "to
say that the holder of a convertible
bond is assured of a somewhat better
market, for his security than is the
holder of a non-convertible bond. This
is especially /rue if the stock into
which the bond is convertible enjoys a
I Lroad and active market, in that case
the price of the convertible bond close
; ly follows that of the stook, sometimes
selling at a premium, provided the
stock rises above the conversion price.
Past experience has proven that while
convertible bonds readily follow the
i {rice of the common stocks into which
I they are convertible in a rising market,
they seldom sell as low as the stocks
in a declining one."
Free from
Federal Income Tax
$100,000
City of Monroe, N.C.
General Obligation
Street Improvement 6s
Due Sept. 1. 1926 to 1934
Monroe is the County Seat of
Union County in the heart of a
rich agricultural district, at tne
junction of two of the main
lines of the Seaboard Air Line.
The City has four hanks, fine
schools ar.d a diversification or
industries.
An unlimited tax can be levied
to pay interest and principa!.
Price 100 and interest,
yielding 6 <
Spitzer, Rorick
& Company
Established 1871
Toledo
Business Men's
Opinion on the
Sales Tax
Opposition to the
Sales Tax
Weakening
k
Dacuned in this week'? iwue of
THE BACHE REVIEW
Tht REVIEW U istue? aukb mi
Copies m*? be had upon rt?nttt
J. S. Baohe & Co.
ISTABI ISFTID IW3
itember$ Sew V*rk Stock Fxchan?t
42 Broadway New York
Brmmehsii an4 Corr?sr>nBd*ati
?kraajhant tha (Jaitad b:?:es.
t
A Judicious Selection
, of Railroad Bonds
may readily be made
from our circular T-49.
The bonds listed therein
are divided into i.:ree
distinct groups in accord?
ance with their in
ment position. The type
of bond best suited
investor's own needs may
thus be chosen v.
certainty of correct . elec?
tion.
Copy of ch
H-49 will be >ent
on request.
George H. Burr & Co.
Equitable Building
New York
Our Offices In 15
A N?uonil Yet a Person:;! Sen;?
RAILWAY
An analysis of latest six
months' report (earn?
ings $7.500,000 more
than in same period of
1919). with a discu:
of the prospects
common and preferred
stocks, is presented in
current issue of our
"Financial Forecast."
which also conl
feature articles on?
Reading Company
Amer. Locomotive
Anaconda Copper
Railroad Bonds
Copy nuill he m
on request / r A
/M-S-"SR>lfes2Co.
ESTABLISHED I'.-.
Members Qm?oli't?li'i?
af 1 BROAD .ST NEW YORK
Phone Broad - -
SlPRICHITT&Calj
Members NY. Stock Exchange | j
SIXTY BROADWAY
NEW YORK CITY J
li
Singer Mfg.
Bought, Sold, Quoted
J.K.Rice,Jr.Mo.
Phonaa 4009 tn 4o>0 J - : -\ '?> '?'?
Borden Co. Com. & Pref.
Guaranty Trust Co.
Amer. Pr. & Light Com.
McCLURE, JONES & REED
timber* Vm York SI
US Broadway I'hun ? I3SI I"-'1"1

New-York tribune. [volume], October 20, 1920, Page 12, Image 12
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New-York tribune. [volume], October 20, 1920, Page 12, Image 12 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], October 20, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924