Newspaper Page Text
DIVERSIFIED KINGDOM OF DENMARK ??<? Kifern?! Gold Rond?, I?ne 1943 to .> ?eld about 7.0."". ANACONDA C0PP?K MINING CO. r'ecnrrd iiolil Bond?, ivrlrH H, Dni- 1J)?U to yield about "'S". PENNSYLVANiA-OHIO POWER & LIGHT COMPANY 7?.?". ?.olii Bon.Is?Pue r.llO to ?lolei about :.8?*. TV? '????? amend for investment ; ; Circular? upon request. The National City Company MMn Offlf?: Nation?! City lU-k ButKUn? Cptown Office: Fifth Are A 4.ini St ""TUg?ffUV?i^ .JWMIIUHillW ' Jelke. Hood & Bolles MEMBER* N-Y ?TOCK 8XCH*.V4?B BONDS FOR INVESTMENT 40 WALL TEEET NEW YORK i^)i,T^tfiT?r>wiw3?T FAILURE correctly to anticipate varying maiket conditions and fluctuations in inventory values may mean that from the crest of pros? perity an industrial com? pany faces complete disaster in six months or a year. RAILROADS are not subject to fluctua? tions of this sort. Founded 1797 Seasoned Investment.-? 30 Pirn* Street, New Yorh J.K.R.ee ?Sy\&C:>. Will Bu; 100 \eolinn \\ ???<? P. & P. com. 10<? Air lin'i:i l l?n ?_?? Vim r. Ill'; iti . In?, imi Vine) loan t b i le pfd, fiO Vmi ' ll 111 < a. ar i Olli, ? pfd. M? Ame-, < yanamld < oin. & pfd. ?>-. Am ! itho.-rniph <'<"ii. 1(KI Aim i i. : m Mi 1er 2." " i 'a- I'm hind OmfBt pfd. imi ( oai Soles (o. a? I . I.. U.i U. A Western Coal li.o Kinp'i ? -ii. A lion com. 4 pfil. Hi final..-a Ifih. Km' 1.1 in 1:11 lt., K ? tifr torn. 25 11. \\ . .l.ilin - Mftlil Hie com, fit? Imr< l?-oll-Kand rom. * ptd. Kin Int. Pulp com. A pfd. 100 Kirbj I am. com. A pfd. r.u Limn l.iio'ii'iiiiu- pfd. 2R Vm tiulirw-- A 1 in ln-s <*om. Zt, Mi .-liai-i.?>. .'. Mol?is l?k. ?lock .">(? Midland Si cm il i?-n .-M) .".allouai I'm ! Cms 2nd National till ol S. J. pfd. KM) \;li *-ltean ni fond loo V V. suite to ?*. com. & pfd. $.V0''< N. V. Stute liys. 4Vfes 50 Norlhtern Securities r>0 Old Dominion S. -, Ml I'nciflc toui.i com. ro Pocnliontltfi fuol coin I0t> ivnh. t ?ni A Coke ?.'.'. IMulpH-Dodlte t orp. i dm? K. .1. Hcjnold? lol>. pfd SO Royal IliiMiia- Povt' pfd 200 Splitdorf flu com & pftl 25 Victor Tttlkln* Machlm ?; 100 Waul Halt In? com A pnl SO Weher Plano pfd 20 Winchester ( o. com ?j J.K.Rice, Jr.lt C#. Phon? 4M? ?? 4*1? John 3* Wall St.. N. T. Central Ajuirre Safar Del., Lack. & Western Co?! Fajardo ougar Goodyear Tire & Rub. Con?. & Pfd. Homo Insurance Stock & Ri ;bts Kiiby Lumber Coru. & Pfd. New Jersey Zinc Stock & Rights Northern Securities Stubs Specialists in n.'l Dividend Scrips ? ?Hunts C.C.Kerr&Co. 2 Rector St., N. Y. Phone 6780 Rector ?. <-- ........ . ' Moi?ie?ns.'Rights' J.K.Rice, Jr. & Co. ? iones 4000 l ) 4010 John 84 Wall st . N v Bonds for Investment! Harris, Forbes & Co Pin. Street, Cernor Will?**? NEW YORK h Bankers Trust Co. Borden Co. N. Y., N. H. & Hart. Deb. 4s t?cCUJRE, JONES & REED ?i?.be/s .Njii York Stock .; -. ; ..-,-e IIS Ureadwu.i' Phone I'/Jil licitor ? Sel ling Mm "c nient Halted for Finie On Stock Market i Shorts Sinns No Anxiety to Cover, However, in Di niinished Trading; Little ?Vr.-siire From Outside { , - h tin flucl oatioi i o quotations on ipeculativo securities yesterday there ""as ii" ?nd C M n of ?\ nervous rush on ? le part of pro 'es ?ion . hoar traders to take ?-- profil which hi d accrued to hem from the precipitate decline i .' ix <la;. - ful low ? ig Election ! ' On th coi tro r-, , de -into a few exceptional i es, as n lieplogle Stec!, ' hoi short of sec irities i ?? caled a con ? : dent att itude, an I In v ? (| no over anxiety to cover their commitments, On the other hand, the nature of the ?'- ling demonstrated that the fierce ng movement had at least tempo? rarily spent itself. Trading was on a significantly diminished scale, and comparatively little selling pressure originated from outsiders, as the mar ket again foil under the domination of professional traders. Floor traders in ? ? a few instances acquired stocks in the morning for a quick turn, antici? pating fi further technical rally. When this spurt failed to materialize, there was soil i g later in the day from these in-and-outers. Around midday, a. on Wednesday, stocks touched the lowest levels of the day on heavy professional sell inc. In the afternoon the rates on call ! money, which had renewed at 9 per cent, dropped first to 8 per cent, and shortly before the close of trading, to 7 per cent. Although closing prices were near the high for the day, the decline in money rates caused no spir? ited recovery, and some stocks in? curred net losses for ?he day. How? ever, the average of thirty representa? tivo industrial stocks rose to 79.43 from 79.33 the previous day, and that oJ twenty rails climoVd from 70.65 to 70.70. The easlne of the cost of credit for speculative purposes had been antici? pated, as it was realized that the stringency rates.9 and 10 per cent were necessarily a reflection of a pass? ing condition, the durai ion of which was generally expected to be short. A partial offset to the outflow of funds from this eii = tn>^ during this crop moving period will be effective soon, is about S?O.000,000 of commercial hill-? drawn aga'usi transactions in cotton ! and wool.!: goods are falling due in | ' h ?? market. The extent of the skepticism regard? ing the stability of pre ont prices was ?hown by a decline in the grain and fore ??v. exchange mark' ts, after the ight n Ci veries tl ! ha ,-e recently been made. S'erling bi 1 wer quoted - cents ! -wer to the pound, and Euro? pean exchange v.< vr corresponding! ? weaker. The withdrawal of the British Commission from the wheat market caused prices to slump off from (A, ; ? 7J4 cents to the bushel, and corn quo tations again dropped to a new low level for the year. In the cotton mar? ket, however, the sentiment that ad versi conditions hive be n di coui ed prevailed and gains up to 15 points were registered in a quiet sessi in. The h 'nrishness existing has to sonn extent lessened the enthusiasm of un? tutored purchasers for investment se? curities, alt! ? ? gh it is patent that :A'. h grade bonds will benefit from di flaticn of commnditj prices. In the Ast, fortnight the brisk recovery in the bond market has been temporaria checked, as the buying power of deal? ers has been lessen d. 1'he latter are well ' 'eked up with issues now, and probably will bid for others avid > in the open market as ih y w rk oil theii present supply. The investing public until a few nays n?0 was absorbing in? vestment securities rapidly. Some of the eise in bonds has resulted from ? Hing by individ uals to e Uablish losses for tax purposes. Money and Credit Call money loaned nt 7 per cent yes ".'..;.? far the first time since Octo '??> r 21. Thi rein vval r ite was 1' p -? :ent, but shortly a ter the noon hour it became apparen I that the den : I for funds from brokers was slacken ng. This -.vas f dlowed by n drop in he rale to S per c. ;'.. und later on 0 7. Time money was unchanged. Y e n r Yesterday, ago. On mixed collateral . 9 !-: 0;i industrial collateral. 9 14 Time m 'a. v (mi xed co lateral1) : Sixty d i ya. K-'V"/ P1? :>V" 6 Ninet - day . . - ? - ? .:- '? ; F i ur montlis . . .. '8 ' -.? R a ? '? Four to six m nths 8C>r 8V? .'A Hank Clearings Bank clearings at N'< v. York yesterday were: Exchanges, $871,515,520; balance-, $73,282,279. Silver Lon ! m, 5 l'AU \ev. York, do? mestic bar, '.'?''? i'; foreign, 807?c; Mex lean dollars, ?' 1 ' c, Sub-Treasury United States fund re serve credit bi lance, ?'? ,507,893. Canadian Exchange Mew York funds in Montreal, $120 premium per 51,000; Montreal funds in New Yuri;. $107.14 discount pel s ! 000. The Dollar in Foreign Exchange Th.- lead i ?- Eun pi an i xchnngi de ? ,;. ,i ; i tel A ;. '? lowing the ra.il>' of Wednesday anil in most cases closed substantially lower. Demand sterlii ? closed at $3.36, off more than 2 cent-. in the pound. Francs lost 10 centime -: at a,Til'1... Lire were also weak. Cables from South American coun tries repcirt serious eondtions there be cause of unfavorable trade develo) ment ar sil ;: out of the abnormal e <? change situation. For all practical pur? poses, according to a leading hanker, the foreign exchange market between * the Unit? I States and most pi ints sou'.!) of the hi Grande has ceased? to function. Dealers in foreign exchange confirm reports that many millions of do! er-! of merchandise shipped fre?a the United States have been rejected by business houses in the Central and South American countries, (Quoted in dollars to the pound.1) Y i ster- Week day. ago. S terling, demat d ... $3 36 $3.41625 Sterling, cables . 3.3675 II 12375 Sti rling, 60 days .... " ' " 0 Ste rling, 90 days ... . 3.3051 ' Quoted in cents to the unit.) Yestei \V. ek h Francs, checks . 5.705? 6 ! ' 1 ranee, cables . 5.7150 6.12 Belgium,fiance.checks 6.01 ' 6.46 'telgium.france,cables ? 0750 ? : ! ire chi cks.3.40 3.5650 Lire, calles . 3.41 3.5750 Swiss, f ancs, checks 15.25 15.57 - Swiss, fr mi -. cables 15.28 ; ? 60 Marks, chi cks. 1.11 1.24 .darks, cables. 1.1; 1.25 Gui! ers, checks. . . .29.60 30 J n Guild : .. cabli - 30.70 ustri mCi ow ns.chks 27.75 3 1.00 \usti . - 31.00 ?:. ? h . ' - . 19.05 v. edi n, c*h ?? ! - - ' I '. nmark. chei 13.10 II 10 ? !:..? rk. cal . ; . tas, checks 12.2 5 ? ?. cables ?-, . .-.. . ;. . ;., ii i, cable? _ 9 05 P I '? ., checks. , .....40 ? I 6 50 ? la, cables ? ... .46.7s 16.75 . rupees, ch? cks 30.00 28 <5 India, rupees, cableB.30.25 29.00 ,1 ipan, yen, checks.. .50.625 50.875 1 ni i. ven, cables. 50 i 5 A 125 tt?a, checks. . . .76 00 79.125 V.: ina, cal les ... .70.25 . R ?, ? : -. |i a. . Ii ?. " I icho-sloval a, chks t.03 1.12 C2tcho-i>'ovj?iii?,cuble31.0?. l.lil Transactions Ycsterc?av in Listed Stocks Summary of Stoc! t Copyright TftMerdn: K-iilrnnd ?lock? 02 500 u;her ?locks . 504,900 All .stocks. 807,400 Yeaterdm I". S. iro-? eminent bonds $8 888.000 ni'i'roflit bond.? . 3,1'9,000 Oili-r bond? . 1,442.000 All bond? . . 13,509,COO 19: ', a rinr lirforf 476.700 n i3,7( ) ?80,400 Diit 1 cforc $10,704,000 3,2 ir,, ooo 1.912 000 15.9P2.000 Exchange Dealings ? York Tribune Ta- 1 Year January 1 to date. oro. 1920. 1919, 191? 504.700 35,802:00 61.401,8*0 ?0??8 1.745.200 155,410.100 205.991.700 92.708. 2,249,900 191,218,400 265,393,500 122,936. Yearatro. 1920. 1919 $12 '64.000 $2.501.303.000 $2,199 869 2.108 000 377,146.000 322,463 3.3?? O^O 323 21-1 000 333^193 17,794,000 3,206,723,000 2,8?5.?2r. 100 !00 700 0(10 ?"00 000 000 Record of Stork anH Bond Averages (Copyright, 1920, New York Tribune Inc.) Stocks Range thus Rang? fnll Yrstrr Hay Year far 1920. year 1919. dir. before *?o. nigh. Low. ??irh. Ti*ir. . ? ! a -.--?,.? neks 70.70 70.60 60.00 7.3.80 68.60 ?"8 80 03.25 30 Industrial ??oeks ... 79.40 79.90 1C8.83 110.30 79.33 119.33 79 20 50 Stocka . 75.94 76.20 92.50 92.05 74.4fl 99.54 75.92 Fond? 10 Rallrond bonds . 75 84 75.S3 78.51 78.97 66.73 82.80 72.83 10 Industrial bonds . 81.89 83 81 92.71 91.45 82.92 95.70 90.56 5 Utility bonds . 72.77 72.75 7350 74.53 67.64 87.75 71.80 25 Bonds . 78.37 78.41 82 39 81.71 73.94 87.91 60 2' 6 ' ' Hleh. Low. Dir. 1920. 1920. Bate. Sol-.?. Open. nigh. Low, Clo?e. 46 , 25 ? Advance Romely 100 25 25 23 25 - 883.4 34 6 Ajax Rubber ...... 900 35 35 34% 34?/2 .. 2'.. : ? Alaska Cold Mines 600 l% !'? 1% ' ' ?<? *?% 54% ? Allied Chem . 200 55 551-4 65 55% 4 92' a 8931, ? do pf. 10.1 92 92 92 92 - c*.<% 28 4 Allia-Chalmcrs . 2400 29 30', 29 30 ? 92 70?.a do pf. 200 71-.: 71% 71 ?.'2 71% 05 72% 8 Amer \gr rbem_ 600 74 74 73% 73% 961-2 S3'4 6 do pf . 100 82(4 82!4 82' 4 82'/fc IO334 63 10 Amor Ileet Sugar 800 64 64 63% 64 -4 1283,4 64% 7 Amor Bosch Mng. . . 900 65% 65' 2 6518 65% ?? 6I-4 263j ? *Amer Can . 3400 2753 27% 2634 27 - 101 85 7 do pf. 400 1473a 12*)'? 12 Amer Car & Idrv 116' a IO534 7 do pf. 200 1C8 1C8 1C3 108 - 54% 22J4 -- Amer Colton Oil ... 700 23 21% 23 24%->- 1' So 61 6 do pf. 200 *69'/2 69?/2 69' 2 69' 2 15% 8 .80 Amer Drug Syn . . 3600 8'/a 8?/a 8 8'a? ' 175 95 6 Amer Express . .. . 600 132 13? 130 130 ?6 303a 83.4 ? Amer Mide il Leather 400 9 * 8-1,, 9 - 122 55 7 do pf. 600 653-4 55% 03' 2 55% . 531 2 37 -1 Amer Ice Securities . 400 40 41 39 ?9 ? 1 119% 601 s 6 Amer In CI Corn . . 8700 63 63% 61 - 61%? . 05 61'., 3 Amer f.ins--) . . 1400 64 60'., 61 63%- 1 109% 82 6 Aincr Locomotive .. 23rO 00 9014 S3 S334? ' 17% 11 -- Amer Safely Razor.. 1400 11% 11% 11 1' ~ 73 73 7 Amor Radiator ... . 200 73 73 73 73 - 30! a 13% ? Amer Snip & Com... 2700 14 14 131-4 13:ib? 72 52% 4 Amer Smelting . 2900 55 55 54% 55 + 100' 4 88 7 do pf. 200 90% 90% 90'. 4 90! 2? 83 70% 6 do pf A. 100 76 73 73 78?2 50 33! a 3 Amer Steel Fdy .... 3400 34'4 34'4 33' 2 33'/g? 93>/2 80'2 7 do pf. 600 83 8! 83 83 ?1 142% 9-i' 2 7 Amer Sugar . 7400 08 98' 2 95% 961/4? 1 118''2 1C2 7 do pf. 200 105% 105% 105% 105% 1C6% 741/4 10 Amer Sumatra Tob.. 1600 79 79 77% 77%? 100% 02' g 8 Amor Tel & Tel ... 2401 99% 99% 99% 99% ? 283 104% 12 Amer Tobacco . 600 117 113?/2 116!/2 117>/24 2*0 102 12 doit. 1400 115% 117% 115% 117%-f- 3% 9734 85!4 6 do pf new. 100 83% 89% 893, 89%? % 05'% 00% ? Amer Woolen . 8600 64% 6-3 63% 65 - 1 07^,1 85' 4. 7 do pf. 200 92% 9?34 g234 92-%? '/8 613a 38 ? Am Wrlling Taper pf 400 44?/2 44' j 44 44 .- % 2f3.; 8% ? Amer Zinc . 800 8'4 8% 8% 8!4~- '4 69'2 40 6 do pf. 4C0 40 40 40 40 66' 2 46% 4 Anaconda'. 6900 48% 48% 47% 48'4? ? 9 671.4 23% 4 Associated Dry Good? 1300 24 24% 24 24%%- % 74% 65 6 do 1st pf . 100 58 68 58 58 ?2 !25 85"/2 6 Associated Oil . 200 110 110 110 110 f- 1 B7% 76 6 A1ch, Top ?!?-, Ran Ke 360O 8734 8_'3j 87% 873.) ? ?.4 82 72 5 do pf. 5-00 77'/a 77% 77' 8 77% r ' c( 12% 5 ? All. Birm & All_ 200 8 8% 8 8% - % 104'2 82'2 7 Atlantic Coasl Line. 200 93'/2 95 93% 95 -? 176' 2 1153/4 10 All Gulf & W I ... 12700 125% 125% 115% 11.0'4? 4% 20 0) 12 ? Austin Nichols . 100 12 12 12 12 ? '4 '.J3' 2 100 7 Baldwin Uo Co... 38000 IOS-'., 1063g 104% 105 ? 1 102% 95% 7 rio pf. 300 99 99 99 93 - '2 4938 27% ? Baltimore & Ohio... 2 00 44% 44% 43% 43%? % ISO 114 8 Barrett Company . I ! 125"? 125% 125% 1201%-- 1% 131 123% S do elf* . 1% ' 2 ? Batopllas Mining .. 400 32'2 3' ? ? Belli Motors . 600 96% 59% 5 Bethlehem Steel .... 600 1C2' 2 60% 5 do Class B . 16000 17 0!4 ? Bklyn Rapid Transit. 1500 13' 4 5% ? do r?fs . 6 0 15 5 ? Booth Fisheries Co . 6 0 123 84 10 Burns llro-, . 800 11% 0% ? Bulle Cop S-Zinc... 400 29% 12'? ? Bulle K Sup Cop... 400 27! 4 10 ? Rultrrick To. 20C 233.? 10'.; -- Caddo Oil. *0C es1 i 60 6 Calif 1 ricking . 1600 46 21% -- Calif Petrol . 700 134 11'i 10 Canadian Pacific ... 67G0 1 1C0 :??-? ... 7 Case, .I I pf. 104% 28% ? Central Leather .... 1300 f'''a 33% 4 Cerro De Pasco. 900 I64 74% 10 Chandler Motors .... 2/00 70% 47 4 Ches & Ohio. 160 I 17% 4% ? Chi .V: East III pf. . . I0 ; ?4% 7 ? Chi (.rent Western . I i 33% 197? ? do pf. I 44% 30' , ? Chi, Mil ?. St Paul.. 2400 65 4534 ? do pf. 2700 91% 67 5 Chi & Northwest! rn. 1200 111% 71- g 8 Chi Pneu Tool. 20U 41 ?a 20%, ? Chi, Rock M & i'ur. 550C 84% 6-' 2 7 do 7% pi . 4? I 71% 54 6 do 6 a, pf. <" ' 21| 2 12% ? ( hile -' opper . 1300 41% 2.0% 1% Chin? Con Copper... 3600 106 49 ? Cluctt-Peabody. 40% 25 ? Coca-Cola . 25 0 44% 28 3 Col i'lifl fi Iron... . 40.1 65' 2 15 I Columbia Graph 3S J 02% 74 7 ,- pf . : - 67 00 :> Columbus das tt Elec 1300 80 55% 7 Consol Cigars . 100 90% 73% 7 Con?>ol ',? . 27C0 203a 6% ? Con Int Callahan Min 103 973n 68'-2 7 Continental Can .... 700 14% 7% ? '? tintinen) ?' t'andy .. 34.00 10o'4 76 4 Corn Products . 6700 I07 100 7 do pf . 100 46'4 20 3 Con Teitlle . 600 47% 30 2% Cosden . 160O 36 ?6 35 " 27:- 2 107'/2 fi Crucible Sleel . 9 . 1107-? 112'2 1(9 1 2 SO-., 7 do pi .-1. ' I 89% 8978' 8994 6 3 34 7 Cuba-Amor Sucar .. - ' 00 30 34' ., 59% 23% ? Cuba Cane Sujrar 27 29 29% 28% 85% CO 7 do pf . 32 aj 71% 71% 69 36% 21 2.36 lie Beers. 0 21 21 21 1C3 8314 9 Delaware ,<L Hudson. 7C0 104' a 104' s 104 0 1% ? Den & Rio Grande.. 1600 1% l% 11 17-a ? do pf . 12700 3 ' 31 . 2T-? 101 92 7 Beere Co pf . 100 92\, 02?a 92*, 13 9% I llrniir Minis . 1400 12% 12',; K" 28 18 ? Elk Born Coal. 400 18% 19% 18' 147 59% 0 Endicott-Johnson .... 900 61% C1r8 6!', 104 90 V do pi .-. 200 90 90 90 21% 9% ? Erie . 2400 10 '-M 16% '6 50'-; 17'2 ? do 1st pf. 600 25 ' . / ; , 25! 95 62 8 1 amcus Playera 400 63 ... 6 i , 62 S1 '?? 78 t do pf . 100 78 78 ?*-; :.i 26% 2 Ted ,M:n .?? Smcl' t?l 0 30 108% 97% Either Hod? pf_ 98 ., 93 4 98 4S 17 ; ! iak Rubber Tira.. 1) 18 ; 'S38 17 06 . 16 ? I'reeport Texas . ' <30 18 19 18 19'2 3'2? t.HMon Williams ?509 4 , ?'- ., 4 75% 5S% 6 (,.-lierai Cigar . . 600 58% r^' ,, 58-' 172 131 8 t.eneral Electric Co. 1600 134% 134% 131 42 14% t.enrral Motors .. 24101 15'4. 151 ? H73 15-?4% 15 893.4 66'4 6 do pf . 300 67 67 67 ' 67 4- -4 67 69 f.5'4 63'a 6 do 6J, deb 400 64% 64'4 63% 63' S? % 63% 64 85 g 4"',a 6 ti^odiifh. It 1 . .. 900 <7'a 4^'4 46 " 17 "- 47 48 05: 2 23% ? (.ranby Mining 100 25 25 25 25- 24 20' 91'., 6b-'4 7 f.reat Northern pf. . 1700 87% 87% 85% 86%->- % 86% 87 41% 30 4 Great North tire suba 400 32 32 31% 81%? '8 01 ', 32 00 24% 3 Hydraulic Steel .. . Y> 24% 247g 24% 24%? % 24% 20 1734 7 ? ( ulf. Mobile t North 400 11% 'V IV, |1>,4 , ' 13 35% 25%-? do pi . ?00 27 27 ' 27 27 - 1 26 23 84% 39 ? Golf Stales Steel... 400 41% 4V, 41% 41%-i- 1 40% 41' 78% 00 4 Bask K Bark Car Co 1200 60% 6034 60 * 60%- % 60'4 60' 71 45 ? llome.stake . 100 48% 43' , 48% 48%% %. 48'. 2 50 23% 12'2 I Hupp Motors . ?00 12% 12% 12% 1234 - % 12% 12' '16'2 75 ? Houston Oil . 3900 93 93% 90 92 ? 1'4 92 &7;4 80% 7 Illinois <en>rnl 300 90'4 91% 9<"> ... 91 % .- i/4 90 91' 27 13%? I'U'I Agriculture .. 200 16% ^6% 16% 16%-' % 16'4 16' So' 60 ? dn pf. 000 69 70% 69 70% ? 2% 67' ? 71 61% 38% 4 In .-..raton Cupper . J400 40 40 39'-2 39;2? 1% 39% 40 6% 3 ? lnlrrbor-Cons Corp 270 4 ',. 5 .-, 4% 5 4 ? 4 5 Ci: 3% ? do pf . 600 '0% 14% 14% 14% % 14 .. 15 42 a rp ? _. 7 int'l Harvester ... 600 100 10|38 98 ., 98! 2? 2% 98% 10 0 15 104 7 do pf . 200 104% 104 4 104 4 101 .-- -- " I04' 51% 15 ? Int Mer Marine..... 6700 15% 16% 15 15%? 4 15% 16 11% 58 6 do pf . 0000 60% 61 53 58%? H4 58% 59' 70 34 ? Int Mntur Truck 700 06 4 36% 06 ?6 4 33' > 36 84 72 7 do 1st pf. 200 73' ? 73'2 73 73 ? 1 73 74 71 69% 7 do 2d pf . . 500 61 61 6' 61 % 60 62( 91% 56 ?- International Paper . 3400 58% 58% 07'; 67'%? % 67% 58 49% 23 Invincible <>il . . 0400 29 29% 29 29 ?? % 29 29' 2i ? ?:' Inler Nickel . 2600 '6' a 16% 16 4 16'%-r % 16'4 16 9% 6 j .SC Indiahcma . 400 7 ,, 7% 7% 7%- 7% 7 51% 34! . -- Iron Products . 600 36% 40 3b' . 40 -r !'? 2 07' 2 391 7 I 5 ? 1 land Oil . 3900 5% 6% 5% 5%- 5% 5 27% 13%? Kansas City Sooth .. 3600 23 23'4 2'% 22 ? % 22% 22 152 2 42% -1 Kelly Springfield 600 45 45 44 44: R? % ?4% 45 ?S 46 ? !\cl;,f> Wheel to ... 200 50 50 50 50 ? 1 ,50 55 33% 21 2 Kennecott Copper . 2900 2"% 2" 2 21% 21% - '% 21% 2; % '.20 Key.tone Tire 1400 12% 12% 11 . M'-'g? 1% 11% I1 91 ! 57 6 Lackawanna S-r,-! I4l ? 08%. 5? ^ OS . rc% - a 5a j ?9 2434 8% ? Lake Erie ? Wesl I6 !( 'a 6 ? 3% !6 " 19 16 - do pf 2' 4 ?? |4 ? 1 20 36 ? ? '. '-ha:b V?llcy 1200 52% 52'2 "a 0 _ 52 00 11 '. 99 7 i- A. My Tob Co pf 100 10 ' 1 - % IOC 1C2 18% 2 ! 'ws, Inc ?% n-% ?? ' 4 19% " r^ M ? Loft ( ndy ' : 2 ' ' ' - _? ' ' '1 70 33 - Lonse-Wiles Biicuil '--0 ? 3- '?A .-.-? : ; 2 98 ' Lerillard, P pf 100' 4 1 4 100 10E -? '. 94 ' i"iaM \ NnOa I ?: ? -?. ? 04 2 107 64% 56'2 1 Maiks? Cos pf 200 r<r ? 57 51 , 5? ? % ? ai 9 2 10 Manati Susar I'OO 8.? 80 80 80 ?? SO 8. 65% 08% 7 Manhattan Kiev 4 I 59% 60 59% 60 -- 1 59 6' 30% 10% 2 Martin Tarry . 200 17% 17% 17% 17%- 4 17 11 38 * 2 2 ? Maiwrll Motor Co 000 2% 2% 2% 2%? % 2% 25 2 3 ? do rtfs 2 8 2% 2% 2%? g 2 ; _'? 148 12 Mexican Petroleum ?? 2 168 % '60 1 16' ^6 ''??>, 2 Miami Con Coppei ? ' - . ., 18% 5% 11 "??4 10 1 ^00 Middle S.-ue-, Oil f 00 ' I . ?.'?, 13'4 \ '0% ' '? . 34 ' '..O. il .Steel .. ; . . : J5% a :? ? -' 01 9 ? Mitin .V ?l 1 nf? 600 '7 , 17 .-. 'i 4 16%? % 16 ? 1' 00 60 i U, St P, 6 tit H i 1 iO? wu i* ?? co - M ? 90 Hirrh. I.ow. D?t. Srt . . 1920. 1920. Rato. Sales. Open. Hl*h. l>w. (loue. chge. BM. A*K 11 3% ?? Mo. K?n?as 4 Trias. 6C0 4 4% 4 4 - 4 4/8 18 : -- do pf . 400 7% 7% 7-% 75?- 7*4. 8 3144 21 ? Missouri Pacifie . . 3600 25'4 25% 24% 25 ? 2j 25% E5% 36 _ do pf . .-. 1600 47% 47% 46% 47 - % 47 *7% ?in 19=. Moni Ward & Co... 600 20' 4 20% 20% 20%+ % 20% 20% 40 30 " 31 ? National Acme , , . 3900 32 32 30 30 ? 2_ 86% 44 -. ' National Aniline , , 400 54% S3 54% 34 h, ? % g;-. S3 .' He pf . -0"1 89'/a 89'i 89% 89'/z? ' ' 39 531/4? do ctfs . 400 63!/a 53% 53'- 53%+ % SO 30% ? Nat Cloak A Suit... 200 32 32 32 32 ? 1 IIO2/4 76 7 <lo pf . 300 7C 77 76 77 - 13 3 ? Nat Con & (able... 300 5'/? 5% 6% 5'/?+ '?'? t 89'i 49% 6 Nat Enamel & Stptr. 1400 54 54 49% 49%? 2% 1021/4 88 7 do pf . 200 88 88 88 88?2 93% 70% 6 Notionnl Lead . 400 71% 71% 71>/2 71 "/a? % fl->4 4'4 ? Nat RR of M? 2d pf 900 6'/2 6% 6?/2 6% + % 17% 10 4 1 Nevada fon Copper. 703 10'., 11 10% 1C%? % 117' 84-, 10 Ne? York Air Broke 270? 85 86 84'.- 86 !'2 84% 64% 5 New York rentrai... 9G0O 30% 80% 79% S?%? ^ 6C ' 2334 _ N V. (hi .'-'? Si Louis 305 51 53% 51 53% ? 3% : 48% 20 2'/2 New Y..rk Dock... , 20? 23 23 23 23 - 65 " 44 5 ''?<, rf . 200 45 43 45 45 1 37';, ;-i . __ \ y, -, || & ;?; -1300 30 30 2" 29' 2? % 27% I? ? NY Ont ? Western 700 21% 21' 4 20 ? 21 A, 103% 85 ? Norfolk P Western . 7C0 98 93 96'.; 97%? !-2 G1 48 5 \'<?r'h Ameriean . . 400 55 55 53' 53 ? % 957a 66% 7 Northern Pacific ...25100 90'/4 92', 2 B3'/2 91 ?1 77' , 36' . ') Nov;> Scotia Steel . . 900 33 33 38 38 55'-2 39" 2% Ohio rue! . 100 39 39 39 39?9 5% 3' .- .40 Oklft Produ & Ref 6700 3% 33.? 3% 3% 9% 4%? Ontario Silver . 4nO 4% 4^4 4% 4"'4 157 -107 8 Otis Elevator 2C0 125 125 124 124 ?2 28% 25 2 Ocpheum Circuit. . . 200 25% 25'/4 25% 25% + '4 417, 167a? Otis Steel . 203 13 13 18 1S % 61 4 4", 5 Pocilio Gas & Eler. . 900 50% 50'4 49 50 ? % ,1116% 71% B Pan-Amer Petrol ... 10900 79'? 79'2 77% 7S'/2-f % ,?111% 6734 6 do It . 1900 73 73% 71% 71%+ "< I 47% 23 4 Parish & Bineham.. 200 20 23 23 23 ? '\ 1 44 37% 3 Pennsylvania Kail .. 2500 42 42'4 41% 41%? ''a I .05 4 13% ? Penn Seab Steel ... 60? 14 14 13% 13%? % ! 45 27 ? Peoples lias & Coke. 1900 39'/2 40 38% 39 ? % ' 32 22 ~ Pcre Marquette .... 2700 23% 23% 22'2 22% ; 63 0'.. 6 do r>f . 400 61 61 61 61 ? % 42'/2 30' g 3 Philadelphia Co _ 2600 38% 38% 38 38'/2 : 441/a 33'/2 ? Phillips Petrol . 1400 34 34 3 3'', 34 + 'i . 82% 24 ? Pierce Arrow . 5100 26% 26% 243,, 25%? % I 108% 7434 3 do pf . 7900 82 82 74% 77 ? 3% | 23's 11 ? Pierce Oil . 400 13% 13% 13 13 ? % 98 79 8 ' do pf . 8"0 83% 83% 83% 3.0%? 3, ! 72'4 61% 5 Pitisbursh Coal _ 200 5334 61% 5834 61%i- 2% .' 60% 36 4 Pure Oil . 2600 33 3814 37% 38 + '-4 ; 39% 21' . ? Pitt? & Went Va . . 1700 32 32 3134 32 27% 12% 1 Pond Creelt Coal ... 600 15% 15% '5 15 ? % 113% 84 3 Pressed Steel Car 900 92% 92% 91% 01%? % 124 10534 8 Pullman Co . 1900 106% 107% 106% 107%+ % 120 56'.. 3 Punm Al-jrre Siljrar. 2700 33 59 57 57 - 106% 88 , 8 Railway Steel Spring 00 88% 88% 88'4 88%? % 107 96% 7 ?jo pf . 400 105 105 103 105 4- 1 22% 13', 1 Ray Con Copper 2700 13 13 12% 123;.? % '03 Ci% 4 lieedinr .36900 06% 97% 95% 96%+ % 61 32% 2 do Is! pi. 600 56% 56% 56 66% 65% 33'4 ?. do 2.i pf. 4C: 57% 57% 57% 573^+ % 94 38% ?- Perr.insr'.on Typcvrtr . 2C0 40 40 '??-% 38%? % F0 60 7 Rcia & Co. i 00 69 53 69 *69 ?- 1 124% 68 6 n-.i Iron & Sirrl_ 6900 70% 70% 69% 70 55',, 23 ? Rep Motor Truck., . 400 23 29% 20 29% 93 2 3 1' ? Rcplogle Steel . 7500 75% 80% 75% 78 + 5 v.; 123% 69 3 50 Royal i?i, ch . 144.' /2% A% 7Z% 73%+ '% f-3% 18%? Sn.....e Arms . 400 19 19 19 19 - 21% ? -- Saxon Motors . 120C A". 3% 3"? 3%? % I778 13% 1 St Joseph Lead .... 100 14% 14% 14% H'/k? !'8 337a 15 ., ? Si I.o-iis Sr Ran Kr;-n 2'"', 27% 27% 26% 35%? 1 . 40 11 ? St Louis Southwesl . 2GC0 ?1% 31% 31 31%- % 49% 20'3 ? do pf . 1700 44 -14 43% 43%? % 11% 0 ? Seaboard Air Line . 900 8% 8% 8% 8-3~ % 25% 7 1 Sania Cecilia Scurar. 400 7% 7% 7'8 7%+ % 243 103 8 Sears Roebuck . 5000 137% 103 103' 4 105%? 2% PJ;4 44 .74 Shell Trans & Tr. . 1000 43 43 47% 47%+ % 23% 143/,? Seneca Copper . ... 4600 22% 23Aa 22' ? 22??+ ?j 48% 23% ? Sinclair Oil . 12700 28 28% 27'/? 23% ?- % 82% 54% 6 Sloss-S!icff St ft Iren 400 56'? 56'. 56% 56%4 1% 110% 88% 6 Southern Pacific .... 96700 114';. 114% *'1'<j 112 4? 1% 300 100 20 So Porto Rico Smrar 100 110 110 110 110 f S ... 03'4 18 ? SouC'crn Railroad .. 3400 23 28 27 27%? '4 66% 50 5 <1(. pf . 100 62% 6233 62'3 C-2-A - 1A ?370 600 20 Standard Oil o1 N J 33 650 C5C 1 13% 100' a 7 do pf . IOO.J 105' , 51% 263/4 4 Stewart Warner . .. 300 27% _ 118% 50 4 Slrombcr? Carburetor 900 57% 58V?j 57 57 ? % 56% 126% 49% 7 Studcbakcr . 19600 51 51% 50 51 ? 1 50% . 14 10% ? Sub Boat Corp. 1200 11% 11% 10% 11 ? % 10% 20% 10: 2 Superior Oil . 730 16% 16% 16% 16%- 16% t3fla 8% ? Tenn Cop & Chem. . 3600 9 9% 9 S^-- % 9% 53% 40 2 Texas Company . .. 15800 48 48% 47% 47%? % 47% 47 17 ? T. ,:. < .?? Pacific.. . 2/00 22 >:, 231.- 22'.'2 23'.,- 23% 53% 25 1 '!.-< ?- Piic Coal & O ?400 27 27% 26 26 ? 1 26',4 223,4 0' , -- Third Avenus R K . 600 16', I67a 16% 16%- 16|-2 14% I31/4 2% Times Sqnure Au:?. 900 14% 14 . ' ^ ., 13%? % 13 95' 2 67 6 Tobacco PrcducU . 273 3 60 60',; 59 60 + % 60 10b 83% / - <lo pf . 100 36 86 * 86 86 - ?5 33% 9 ? Transron o;l .. 3800 10% 10'% 10% 10%..- % 'm., 66% 40 5 Transuc W S(-e! .. 400 42% 42' B 42% 42'/a+ '8 42 127 73% 8 t.'nion Ft;'.f & Pap.-r 400 78 78 77 77 '- 76's 33 25%? Union <>;! . 1400 20: 4 26% 25% 26 - 26 129% 110 10 Cnion Pacific .... 3900 123% 124% 123% 124%4 53 32 - 1 ?;.,.,: Alloy ...... 900 ?2 143 104 8 1 nited Dru,;. ? 104 53 44 3' 2 d.) Ul pf . 224% 176 12 Cnited Fruit . 2700 206! 15% 7'y ? Cn?ed Kr Ituest . 14C0 11 52% 10 ? do pf . -8% 36' ;, 6 V S food Prod .... 116% 73% 8 1" S Ind Alcohol . . . 69% 38 ? IS Realty & [mpvt ! 96' 2 50 3 1 nited Ketail Store-s 143% 67! ,8 U S Rubber . 76 49' .6 V S Sm It .?? R I 109 82% :? ! S Sioel. 115% 10-'.' ., ,' do pf . .... ' 80% 55' g 6 Utah < opper . 97 42 o Vanadium Steel . . 30' 4 46' 2 4 Vs-( ar ( hernical 120! 2 76 6 Va, Ir. Coal & ( oke 21 10% .: \ !\ audou . 13 7 ? Wubo-sh . 34% 24' 2 ? do pf A 15' 1 il ? 1 ? Western Marviand 27' a 11 ? (tr. 2d pf ... . 40 20 , -- Western Pacific 73 54 .. 6 do pf . 92% 8m,| ,' Western I nion Tele;: 119 33 7 Westing Air Brake. 55'/i 44' _, .4 Westinjrhouse Mfg 25% 20'4 ? White Oil ?'?' 4 2i 2 4 \\ irkwirc-Spenier 87! z 46 3 Wilson Co 16 o -- V heel & Lake Erie . f!9% 4! 4 White Motors 32 7 1 Willys Overland 93 47 7 d-? pf . ?1 ',1 ? Weber ,< Heilbroner. 95'4 451 a 6 Worth Tump & ,\i . . Bid and Asked A '. m lEi; v I I '?: ? R P. s Ji K( A 1. - A .' . . ? \: I s-,- ,,f '.,;.? - ' ? . .' - : : \m U ?? fi ( ? v . ?Ii i .'. ( Viii 10 A:.: Bub ". ;.' < *.:?. .-. & l 4 A-.'i Wh .-' v . i rbor lo pi A i ' Il - ! pf A At I ?' ' ? Uef lOr.O !,i ..' KM Auto S i . :;? J ... ,' '.: ? rto H Bu ?". l^i'?i :? .'?!? Pf - ??: ? & !'.''- , II Gen Cigar pf SS '?i pf del Corji -; :: '. Paper pl . ! Sail I .- i i'.i! ... ' I--, pi i ? I'm . : ;?* ' B. .". . i ' '. ' ;. - : l|u Hi) !!? a . ? ? pf . i . pf Buff R & r - ? ... ciiia * a:;.?i r * n w pino C .-'. r M 4 . rto pf ''? ' ?'( ?' & St! pf ? i r-T., k m? . ' . ?? I'.-. ;?' - C ? A S 1-J ' !o 2d ?' ?.. :'? '? ? ? ,'-? i- u . ? ' ? ? I fit '." ;??-??. \t ..' ?' -,v: l l?f l\ ... Wh :?' K >; & O M. '.' ? ? a (lu 1. \ \f Tob ! ? ? r. n ; pf : R'lg I " 1"! un ' '? .Van >. 1 M ? M ? . pf ?-. a . ? ? . . ' V?. ' -? , ; pf ? ' , ",' ... ' ' ?rfHL ? pf 6? 1 V V ?. & \V Detroit Ea?on 2? ??>1 i l'ijtflc T 4 T ii BM Asked P?nn J r p' ~ . Peor?a ,t Kast 11! ?5 Pore Ma.ro. pf, 4i v.. Mm ? 11' ?' i '? VV A: C 113 12ft 1' -.-,-.-. pf ..; l* S W Va pf i' ?-??? : i " .lo I' s f rif X ,1 ' ' M n -..-,.. - i ? "?? - r :?* Is! til lo ! pf Ren .i ,<? Sara - Hop 1 .v 5? pi '? ? i ~-nr Roe pf -'. S S A I pf ?14 ? :? f: Su? ??' ?0 Stan lard Mil 110 120 to pf , Studabaker pf S i gn Super Stoel pf ?j \t* pMTV,S HZ? Tide W Oil TStL&VY fs i] i'? ? i pf etfs i .', T-v C Rap Tr I 4> . "i, i ''?'-???' An I! i-dsjgL l0?Hns t?o pf n , PI a ; I SR ? v '? a- IJIJ tt ^^^^^^___m ... W Porto Bip ?"" itl'K lit pf son ) . >* Is <>? Wqolwor?i . . . do pf ..,- ?- .' W PA M pf A 7.1 uo pf h : Offer Nova Scotia Bonds j $2,000.000 Issue Taken bv New York and Canadian Syndicate The Canadian province of Nova Sco tia has sold to William A. Reed & Co and th,; Dominion Securities Company of Canada an issue of $2,000,1.; , (r cent ton-year gold bonds, dated * :": "?.i"' : ?'-". ar.:i due November*? '.' ' ' ?re beinK oft*.d ??' . me pul...,- at ;<:;% and interest -o net more than 6.90 per < .? Bank of England Statement LONDON, Nov 11.?The weeklj statement of the Bank of England fof lows: ?old . -?133,4T?.SSS Ine ' Ri serve . 14,OS0 000 : n ' .\, tes reaei ved . 1 3,441 ? -ulatlon . . 1?7.S4? " ; : . : ' . 13.Il i-i in Other dep. . 112. ! i0 1 ??? t'.ov - -' a--- lea. ?" ' 1.0 ! Oth>r securities ' I.I i0 !>??>. . The pi iporl ni ???? the bank' resi . s week is 10.64 per ce:::; ' mat. week ?: was J.ol per cant. ?320,92? ' S . . T ? ' lu Wall Street Say* Worst In Over Ranke rs who hn vo ??' d ?ed * he pr? ? ont condition of the credit ? art thn' the worst of our trouble? are>be hind us. A financier in close touch with the ! i i' ral Reserve system ex pressed it i personal opinion yes? terday thai the peak of the credit crisis has passif!. He looks for tight money up to the end of the year but thinks ?hat after that I tuatioi easier. The r< ' ;i i n flo " o ' mone . ised for crop-moving purposes should begin soon, it pointed out, although the attempt on the part of the farmers to withhold their products from the mar? kets may interrupt temporarily the normal movement of bank ng funds. No Action on Southern Pacific Few ??? ? nformed pe iple ( ?pecte i any de ite ac .??,.. ... Southern Pacific exec i tivi comn ' ' ? and board of <? with regard to the proposed segrega tion of the oil properties. Accordingly there was little disapp ntment when no announcement was forthcon i ; the end of the meeting. TI e fact is, there are many complex matters to be worked out in ci nncct ?n wit h the ?egregation, so that it will not be ur ? ?. iffii al cemet ? - mad ? of the dt liled plu .. Sout h Pa n g y i lerda} whei 114, but i t soon ... led, _- to 111% around m ng at off A . I retained the market A;?.' ? i with i turno mon 10 i,i 00 ? hares. The Lull in Bonds The present lull in the bond market is not taken serii uslj n investment circle?, liven the fad that bond prices have sagged off somewhat of late is causing ;'' great concern among the expert?. They say by way of explana? tion that, the bond mark ?'. hdd to take a lot of new stuff for a while ana it whs only natural that i1 should quiet down temporarily, part cu arly when ; the stock and cornmodAv markets have been suffering so severely. "The trend of the bond market upward," ob? served one of the exj ? rts y sterday, : "ard this current hes tation is n thing to worry about. You always get these lulls even in the best of markets." It is an interesting sidelight upi n the ap? petite of the invi itment public that the :>!d outstandin ; bon 1 is ties of low oo'ip^n rate3 are n ?? in great d rhe pub] ic, it - ? ? is, :; k een I ? I high coupon Btuff of fairly long ma turity. New York Air Brake Direct ?rs of the N'ew York -Vr Brake i n ?? ? . are scheduled to meet lividend act ? ? next Wedn< ?day and : . hat a luctiun in the ? ? i" S'i t share woul-J rdei ed. A direct or. a >ked to conin ii on tl unfav ?? ?le rumors ; ? foil ou : "Sale? of our : the ten months L9 'A v ere more than were dm - tl ? ? ng per a yea r a _ ?. " he cu i re :it yeai ' a record one so far a our regular business are We are nil ; oui pre I 10 per cent ... rate vith ai left over and there is no rea . . cut at ' '?. ' ' mei n<? .n.. On the cont ra rj ? I ( usual 2% per cent d "? an d. W . * eondit i n and, ui . ? manj other . . ? -ial comnan ies, plate any new finar.cii :' - tor said that uni rders companj 's bo ks are suffic ?? the plants rum ing full for f ur ? oi I Still Bearish One of Wall Street I ear operat rs stock tensely bearish, [le ta le from t he troubled int ernat i :i t situ ation. Seeking ( heaper Ties ? ? , ? nprecedi t o w h i ? ? - . i s s -t i < hav( ri n, . ? R has decided ta i rd ?-- ' America Inquiri? ive bei . ? . . . ?r the I ife of tie ? ' '.-... ? n .,;.. froi the N'orl \ n nati .?? ? ? '. u sed A 1er n rm . coi tioi he Pel yl\ . i fron .?? ally. W te oak, North America I for 1 5 H ' . ' ' ' ? ' ? ? o the i ' in the Un it i States have a rt li creosoti : .-? illy to their co A. G. W. Breaks Vgniu The be rish cont ;? ? oca .'? . ? At ' C! ' IVest J ?? ' :.::.; ni sui : ed : I i A ??' ? to ' r th '.' ' O; the rea for t ' ports tha oil properties I d ? . . salt water. These were declared to be unfounded. Stocka for Christmas Presents ^ A Stock E rm, in a let tei I clients, nt break in the market . ? ?rtunitj to buy I Sted :. and bond as uitabie Chri tma - g.ft^ Willys-Overland Si ecial wea .. . ? >ver lend : ue rday vas directly ts of ne? The story the Street hears :^ that the tor car coi .... to ro S30.000 000 and has iln dy ij proacl ed the bankei ? with ?. ? n. Detail of ?. ration were as vague >???- ' rd ? ; ; the; ,vere the daj !.. fore, v ws first gained c i i - ? i . r the I ? : ime yesti v laj rning, ifi. red both Will] Ovei ' f "re-i stocks freely and s ion had : or :ed a sharp recesi ion, The preferred was 'hammered below 50, bri iking from 56*4 to -17 and closing at 19M, off 7 ? The cam m a:i ;'. || ?rom ??% to 7 and closed a'. 7%. i I??? -. were new low price -i for the year. Money Flowing to New York. I-pward oi ? 1,000 o? commerc .-.' hi!!s drawn against tram icti i - in cot ton and woolen goods ar-- falling due in th ! maiket, it was learned yes i n day, with the result that the banking posil ? ikely to work easier in the course -1 :' w d ys '! he flow of these fund ni -.--'?> ? set in a mea lire, the bankers say, the efflux of money to the interior and to ?' .!< ' to re) eve the t i tu t i on : .. ? . . ? ? - n thi al! m mey rate to 7 p red to be ? '. ?? ? f the impi of the banks London Money Market I Di a .11. Bar per ounce; bar gold, 121s Id; i 5 % per cent. D count rates hills. .'?% G 13- 16 per c * r months v. : -4 pi r cent. Gold pn ':' .'.a: 140 -??-,-_? Holiduj in ?*?r? PARI?, . Holiday on the Bourse to-day. I I Union Pacific First Larii] Grant 4? ?947 Southern Pacific Refundir,!; Is 13?") Kansas City Southern 3a 1 C, C, C. & St. Lotus Debenture !%?? 1031 Ore?.-Wash. R. R. & Nay. Refunding U 1961 Chic, Rock Island & Pacific Refunding ts 1934 Southern Pacific CenU, Tac. Coll. tt 1945 Rhoades & Company! ?Xei bera Keso York Stock fr^Vinj? j 30 Pine St. New York ! TELEPHONE JOHN 6400 TXTE are prepared to *" <:>:ecute promptly orders in listed or unlisted securities for cash or on a conserva? tive marginal basis. Correspondence ir.:;'.ti Charles E Brickley *?& Co. Members .Yen? Yorl? Site} ErcWf? 61 Broadway, New York : Tel. Bovjling Creer? 8700 S3 State St. Wideaer tli(. BOSTON PHILADELPHIA Direct Prh-r.le Wires A First Lien and General Mortgage Power Bond issued by a com? pany serving Day? ton, Ohio, and tur roimdinj' territory can be purchased today it a low price to yield 8.20^ . Our Circular No. D 182 show? 20 years of steady growth in business and earning power. .' ->-.-%'. -? 'niai '. n '('?nest. Potter Brothers AND COMPANY Members .V. }'. Stock Exchangt \ Five Nassau Street New York Telephone Rector 6540 ' Comparative Study of Stock Groups : ' i epared for sra ler.ts in tal condition! and showing reis* ? m and definite - as to the -..-.-? ... j lowing .- 9 0j securities: Animal Prodocti Robber? Coppers S kipp is f Equipment? Ste*!i Motors >u;;?r? Oils lobicco Rails L?liti? The cross-cui rents in th? ??resent market, caused by conflicting trar'.e aon-iition?, render compan?"". of *t0C'J gr"ups a comprehensive ?!" to intelligent investing. Ask for Copy Ko. i-?. Ssnt without ?bticestio*. MSWoLFE^Ca. ESTABLISHED V injol-.iUyd S?ck ' DAD UTT^ K Phone Broad. ; ESTABLISHED ?000 Kernten tfcnsolUstrt '?*c' ' ___?f, fjlm 41 BKOAO APT, NEW \0? Ph?>nc Broad, ?3 I Robinson & Co. investment Socurit.M 26 Exclu??? PI??. 1W TaH. Mimbert Nn> Titrk Stock VmI N. Y. State Rys. Stocks & Bond* J.K.RiccJr.&Co. I'll ??? A -?' 1 ,l,i;-n *? Wall f fn Send for our List of Safe 7% Securitiei Glidden, Davidge & Co. M?i beri ! r*w Inrt -lock E????0?* 20 Bro.d St., Nrw Y^k-^-J