New-York tribune. [volume] (New York [N.Y.]) 1866-1924, November 18, 1920, Image 17

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New-York tribune. [volume], November 18, 1920, Page 17, Image 17
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New-York tribune. [volume] (New York [N.Y.]), 18 Nov. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-11-18/ed-1/seq-17/>

Newspaper Page Text

W. F. Ladd & Co.
Investment
Securities
New York
Safe
Profitable
investments
Bonds:
Municipal
Railroad
Industrial
Write for Suggestions.
FrAZIER6-G).
65broadway, new york
Ttl. Bowl in? Gr-;n 6025
PHILADELPHIA
WASHINGTON BALTIMORE
PITTSBtJRG
How To Pick The
Best investments
HTHct. shrewd buyer of
* securities selects his in?
vestments only . after the
evidence of actual facts has
proved the safety of his se?
lection.
The proof of actual experi?
ence, of thousands of suc?
cessful investor.?, is con?
tained in a new booklet
published by S. W. Straus
& Co.?the House with the
record of 38 years without
a dollar's loss. It will give
you real facts upon which
to base your choice. Write
today. Ask for
BOOKLET B-482
SW.STRAUS&CO.
150 Broadway, New York
Telephone Corllandl 8064
38 yews without loss
to any investor.
An extremely sound
1st Mortgage Bond
to yield 8%
Dm Serially. Limited Issue
Secured by property valued
at more than TWICE the
issue. Protected by earn?
ing? estimated seven times
interest requirements.
In common with other high
trade bond issues of equal
stability we anticipate that
?profit may be realized on
their purchase.
Send for details
Scott & Stump
-_?*veitm?nt Fecurnies
SPECIALISTS IN ?11.1. LOTS
?tack Exchange Bid*., Philadelphia
I, ??* York Office ?10 Exchange PL
wrilali, Chamberaburg, Cuate??,.Ha.
I'ennnylvan.a.
American Chicle
Common Stock
?|K.Rlce,Jr.&C?.
T?^^J? ?m John. I? Wall 8t.. N. T.
Empire Steel & Iron
Babcock & Wilcox
Columbia Trust
SAH hatch &ca
^"?"?UliCAGQ PMLA.MOKTREAl. PITTSBURGH
QtonUl-i 'M Ytars ?( Cammsrclal Binkini
HK? CHATHAM & PHENIX
(f) NATIONAL BANK
WR(. Capital ft 8urplu?.$ri.ono,000
tJTOK^ tHo?ourr<>(? .$|50.tMX>.<M)-0
HnK 14? Broadway, Singer Bid;.
Ifc^*: And II Branche?
Cuba Loan Dropped
As N. Y. Banks Fail
To Agree on Plans
No Concerted Action to Aid
Sugar Interests bv Sup
plying Credit; Smaller
Group May Take Action
-? -%
Plans for the formation of ?in Ameri?
can banking pool t<4 extend substantial
credits to Cuban Sugar interests in or?
der to aid the island in solving its
pressing financial troubles have been
abandoned. Representatives of several
New York blinking institutions inter?
ested in the proposed arrangement
under which, it was hoped to extend
ma??5 ?&?ro?at,n* from $35,000,000 to
?>50.000,000 met in final conference yes?
terday, and at the termination of'thc
meeting announcement was made that
the program had been rejected.
One of the bankers who had partici?
pated in the discussions which have I
been going on for several days in con
nection with the projected credit ar?
rangement said after the conference
that the banks have been unable to
agree on a single plah of action, and
lor that reason it had been deemed best
for each bank to handle the situation
as it sees lit.
"This means," said the banker, "that ?
there will be no concerted action on
the part of the group of banks which ;
has been considering the formation of :
the pool. Wo found on getting to?
gether in a series of informal con
ferences that there was too great a
divers ty of interests among the banks
to make it possible for us to join hands. \
Some of the banks have branches in
Cuba, others have made loans there
through agents and others were not
- directly concerned, although they have '
been a party to the discussions. It is
now a case of 'go as you please' on the
part of the banks so far as making ad?
vances to Cuba."
The inability of the large banking
group to get together harmoniously in
a program for a dug Cuba does not
preclude the possibility of concerted
action by a smaller group, it was hinted
by bankers who still believe that some
plan will be worked out ultimately for
meeting the situation. It was inti- .
mated that the National City Bank or :
the Guaranty Trust Company might
take independent action to th s end, al
though officials of these institutions
would make no statement on the mat- j
ter.
Hankers who have studied the Cuban
situation at close range declared yes- '.
t.erday that all that can be done now to ?
help things 'will bo an extension of the j
moratorium. Action to this end is be- '.
lieved certain within the course of the
m p fortn g.ht, s r.ce the moratorium
? .pires on December 1.
The carry-over of the last Cuban
sugar crop, now stored in warehouses
- . island, is estimated at 250,000
1,1 DO tons, according to a compe- ;
tenl authority. Cuban banks have
loaned heavily aga nst this sugar, und
in many cases at prices considerably
above the current market quotations.
One of .. '- ? f "?' reliev- ?
;.,.- ? '??' ? ? '??? "'? the New
-. Govern ??.tent
'I rimsuci
1947.
2d 4s, 17 17'. . .
1st 4'4 - -
Is? -2 \ Is.
7.1 4 '.?i 8, 1 0 CP .
3d 4%8, 192S.
?tli -ips. 1938.
. - 4 V. 1 923. .
Paies.
. 347,000
4,000
2J? 000
5,000
2,99: ,000
. 1,119.000
2 911,000
1,191,0 ?'
212,000
leid.
3.92
? 77
7. ! 0
; 1 -..
6.30
... 08
Llborts "'-'y-- ?
do 1st 4s.
?li 2d la .
do 1st -i '/is. .
do lst-2d 4V??
do 2d 4 ?< a. .
do 3d 1 V? >?.?. .
rlo 4th 41,48_
Victory 1 % ? ...
do 3 \ :? .
Quotations
Net
Hli?h. Low. Last, chg<
; i 92.90 92.92
- ..-i 88.00 t - . -'
. - i S 5.20 8 5... 4
.06
16.00
. 5.9 0
?8.50
?6.H I 85
0 h 7. 7 0
96.00 96.00
86.48 8 90
.S-.1-1
DU.OO
0
?i5 - o
-.18
+ .70
?.20
- .14
-? .50
?? ,14
.42
- .14
? .7-0
(-.19
Bid and Asked Quotations
Liberty Bonds Yesl
Tuesday.
;-, i-. ?, 1 -j47. 92 90 '?- '-: '"I 93.00ft 93.20
1st 4s, Pit?.. 87.10ft R8.00 87.00? 89.00
2d 4s. 1942. .. 86.60 ? ? 86.00 - . 10ft 87.70
1st 4 'is, 1947. 87.10 87.lif ? 7 P? i 87.88
.-?I '. P m, 1942 . Hi k" i ? i 90 8! 66 -? 85 72
..?I 4 '? .-., 1928 .88.40 88.50 i 04ft 88.16
4th ?!?,;.. 1938. .-.-..??>?? 86.34 86.16ft 86.24
Vie 4%H, 1923 96.00ft 96.06 113 76 -- 95.80
VI ?..-. 192 : 96 00g) 96.06 95.76 ?-. '. 5.82
L're war issu? b:
2s regr, 1930.1 01 ??! <3? 1 o2
7.4 coup, 1930.101 >% <& 102
3? leg, 1946.... 8!? ft. '. .:
3a coup, 19 4C_ 89 ft. 92
(s ; eg, 1925. ... I 05 % # 106
? |>, 192.1 06 ', j : 06
2 . Pun coup 1936.101 u? 102 101 ii :?>:.
2s l'an reg, 1936. .101 ft 102 101 '?? 102
2a fan coup, 1938. i 0 L ft 102 101 ?( t0,S
.: Pan reg, 193S. . 101 ft 102 101 ft 102
3a Pan i?-s. ?* ft? 81 7a <H ?I
Sa l'an coup.7s (?> 81 78 4.? 81
: Phil 4a. 1934. . . . 75 "J. 85 7,, 'm 8s
Phil 4s. 1936_ 75 ? ?3 75 ? 85
Phil 4?, 1936.... 77. ? 85 75 <g 85
D C 33. 1965. 96 <d - - 96 & ?
Foreign Govt. and Municipal Bonde
(Interest To Be Added)
Bid. Asked.
Argentin? ?iuerrrat'l 5s, 1945... 7 1% 74
Belgium, Kingdom of, is, 1921. 99 %
101% & 103
101 Y* tS 103
S'.I ?? 7-2
89 ?1' '.-2
11 P i y 1 0 o
10 5 U ii >\<J S
19:
'7 %
99%
91 %
9 7 %
9814
98%
90-,
7 H s, 1 !' 4 5.
Canada, Dominion of, 5s, 1921
du not? s, 11)21.
do 1920 .
du 1929 . 91 % 91 %
do 1911 . 90% 91
Chinos.- ?luvt Hu Kug lly 5s, '61 41% 41
Cuba ?xtei-n 5s, 1944. 76 79
do 5.S, S. ries A, 1949. 79'i ?
do -I lis, 1949. 60 61
Dominican Hep 5s. 195-,. 76 76
City of Lyons 15-yr 6a, 1934.... 83% 84
du Marseilles 15-yr 6s, p.p. 82% 84
do Bordeaux 15-yr 6s, 1934.. 82*4 84
do Copenhagen 2D yr 5Va?, it 7 7
do Berno . 97
do Christiania . 98
do Zurich . 98 ?9
French Oovl 6s, Isl Ihsuo. . . . 100% 100%
do Paris ( Ply 0s, 1921. :-4 p 95
Govt of ?iv, itzerland 8s I i40. . 101 p 102
Jap Covi. 4P? strlg loan, L926 74% 74%
do 4 lis. 2d serles, 19 2. 7 4 ' i 7 t:?
do 4s, sti lk loan, 1931. 77 ???, ,\
do Toi!lo City 6s, 1952. 4 5
Un King Ut P. a i . : r 6Vis, '21 '?-.'?
lo 8-year 5 '? ?. .
-. 0, 1929
Mox Extern sti ig .so; .
do gold ?? Ol '41, 1554.
King q? Italy 5-> i- 6 ? - - ?
(Sale.-)
i Argentina Q 6s
1,000. ;
Ch?nese Ky 5s
50,00o. 4P*.
4,000. 41
10.00U. 41 Vi
2,000. 4 1 U
000. 41 V4 ? "
,,; l?. i ne s& n
tenu, reta
14,000. 9S ;
8.00 0. 98 Vi
City of Bordauux 6?
1,000. 82%
Pity of *llirlaiiania Bs
i 000. 98??
7,000. '">'?.
1,000.
? f Copenhagen
4 -i
88%
?lu 4 4 %
98 H
08%
4 7 - ?
98%
1 ?
. I ? - .
: ' <. . , 1 ' ,
. . . 100 ?>,
I 000.. . .100
0.1 00%
., oOO . 100 : i
I .0%
r Kwit.?,' mil
f 8 s t e n i p
I .
Pip
" 1,000. 75'i
City of l.?uns 6s
I 10. S3
1,000. 82%
City of Paria 6?
: OOO. 64Vi
14,000. 94%
cuv of Tokio 6a
. . . %4 7\
i ?ty ol '/.in ich T?
0. 98-?
. I 00. ?8%
I.,..., 88%
pooo. 98M
Dom Canada 5P?s
note? 19111
?.000. 97%
, .. 5VJ? 1929
S 000. 91% !
, . . till ?.fc
I 0,O?l0 .
1,000 . . . . 102
a;. P--, s. i 4 'j s
p liOO . .. 75
<. 0 ?301 . 7 l ?4j
do 2d s-r 4 S?
il. 7 4:-?
?u allg loan 4s
; 000. 57%
. .,s3?f. . 57\
10.
47.
K ..f Belgium s f
7 %s .1 P Mr. -
10...... 98%
. 97%
.i. 87 ?4
1,001 '.'7 ?...
I. '.-7 't
1.000. 97%
34.000.s30f.. 66
du I' .<? C 4s
4,000. 54
1,000. 63 Vi
6.000. 5J
Baldwin i.oco 5s
7.000. 9t%
1921 ?Bfech Creek 4s
... 9S%' 3.009. S2
1931 'Bfll T of Pa 7s J
1 poon . 90K1 p M reta
;?,oou. 90% l
1,000. 90%;
Prtncti R??p Sa J p !
M rets
2 000.100V, .
6,000.100%
9,000.100%'
6 600.101 ?-i
4,0(10.101 '?
1,000. . i. . . 101'i
3.000.161 %
6,000.101 %
3.000.101 %
1.000.101%
York bniika take over the loans which
the Cuban hanks hold necured by thin
sugar, but this 1h not feasible, accord?
ing to the bailors, who claim that the
sugar Is not uniform in quality and
could not be readily pooled.
Proposals foY o large Cuban govern- j
ment aocurity offering in this market |
which were under discussion several
weeks ago have been long since aban?
doned, owing to the impracticability of
obtaining the necessary legislation to
make the transaction possible.
Bankers intimately in touch with
conditions in the principal South Amer?
ican countries painted a gloomy pic?
ture of conditions there yesterday. The
rise of the American dollar to a record
premium has caused an almost com?
plete stoppage of business among the
United States and Chile, Argentina,
Brazil, Colombia and Venezuela. A
moratorium has already been declared
in Paraguay, and it would not surprise
bankets here to see similar action taken
in some of the other countries which
arc unable to sell their goods, and for
that reason cannot meot obligations in?
curred on imported products.
Bid and Asked
Bid. Asked
Adam? Exp. i. 7.0
AU Arn Cahle 90
Am Ac Cli pr. 81
Ann link Not? 42
do VT . 42
Am ?Wet S pr. 7i
A r. 'S & Vs. 4?
A C A- P pr.107
Am Col ?til pr 68
Am SiilpliKlB.. - ?
Am ?snuff . ...100
do pr . 78
A Sum T pr, 83
Am Tel & C. 41 ui
A To pr new. Ml1 . 'in
Am Ztiio pr.. 34% KB
Arm Arbor ..10
A 1? ?; 1st pr 56%
do 2d pr... 4"
Auto ?-'ales Co 4L?
do pr . 9
Austin Nichols 13
Marnsdall ... ?
do II . ?
llamett 1.0a.. 25
do i>r . 70
lUtnpl.as M.. %
Hcth S 7tli pr r.ft
pi: Kdlfton... :?o
Ihoc 38
1112
4 il
109
75
100
iO-.'H
51
no
KB
20
50
17.
14%
do pr
S3
Biirift l?rs pr 9"J
Huff It ti IP 60
.lo pr . 80
Huff A Sus.. 72
.Ir, pr
42
1
95
47 V:
S 6
100
10?
r.o
toira Central
Ka.mer .1 .. . 78
KCFSAM pr.. 5*
Kelly Kpr pr. 7't
du S p,? pr, 8.",
Kelsry Wheel. 4!-,
do pr . 77
KeoK A 1) M. n
,.?lo pr . P",
Kress & Co. . 7?
t.nclede Cas. .. 4.7
I. K A W pr 30
l.lgg A M T, .121
do U .120
?V\V 11 1st pr P6
do 8d pr. .,104
Mack m? Cos p- 57
Mafiatl Rug pr SO
Manhat Beach
Mar Rockwell. -
May I?rpt St.. 08
Mex Pet pr.. ???'
M loh Central.
MSPAfiKM pr
.P. lud llties.
Mont To.ffr..
do pr ... .
Morris A 17s.
Mulllns lly pr
N'a-iii A Chat.l
N ?? A S pr.
Bid. Asked.
Hush Term...
?'an Potithern. 36
< ?-.a .1 1 pr.. 88
Cell of N J..210
C A N XV j.r no
C S 1' M 4 o ?r
CCO A s i, pr?02?
Cl A Pitt?.. (Il
Ciuett Peab pr 87
C A s 1st pr 40
do 2d pr... 40
Cont Can pr.. 'JS i??
P.ni Pis Co.. 67V4 68V?
ire? carpot. .. 7,0
Cu Am Su pr 0:1
l'i-ero Oo pr. . un
l'a? CI.em. .. 20
I'ft Rdlson... s?7
l'i't In HU. . s
Ea.it Kodak.."?13
'I" l-r .10 fj
Durham Hoo. ; 7
do pr . fu
Klee st Bat..IOS
1-Jlkhorn (J pr. 3,1 37
Km Brant .. h 10
, ?lo pr . ? 70
Kndl .lohn pr 81H? ,vl
Pile A .Pitta.. 45 55
l->d M A s. 7 s
Fisher Hotly., r." un
?0 pr . -is 14 100
Gen Chcm pr. P.ty, no
??en ClBar pr 8S 95
Pray Darla... 12 in
llomcstako ... is
lilt llar pr.,100
In M T 1st pr 69
lut l'nper pr. 9.?j
lut Nickel pr 83
lut Sait .... 65
?Si*4
??'a
7..
t...?.;
71
SI
10O
09 li
94
82 V4
101
02 W
626
W)3
11!?
t'O
90
S0
n;i
4SV4
90
10
90
47?
130
130
i?.?..
02
\ 1: A S ,.
Kat l^a.l ?pr.lOH 104'
MIR M pi pr su 14
N'YC&Sfj 1st. 07 7:t
N' Y Dook pr 44 ?i-,
?V Y 1, A VV. 7 s 00
011.1 Bler pr.. ?- "?
mis Meel pr.
Owens Ifot pi
l'aclllc Coast.
renn
li
"la A /;.. !!
1,-i
?10
l'ettl Muni
do 1st pr..
"Ml ,l"lles .
l'Util Sleel r? ,.?
P A W Va pr 73
"r st Cur pr [??
?' ? C X J.. 58
'?y St Bpf pr.101
?eus A i'n pr 60
Item T 1st pr. -
?lo 2d pr... -
rtensselaer ... ?
Scars 11"? pr.10.1 .?,
-??s S a I pr si?; 86
S I' R Sug pr 98 m,;
Standard Mill, too 120
110
100
70
103
70
?0K
s:,
110
do pr .
Ktudotmker
Sup Ktcel
T A 1
8U
- - !?! tr.220
lidowater O?l.103
l\SL& \v ctf.s. ]s
Twin City It t 40
do 1 r -^?
104
101
M
10
41%
,.-??..00-4 85
1 n Clsar St..100 17,0
, Drug 1st pr 44 43
? s Express. 0'.', 7
?X g I Al pr 02" 04
,- '. ?, II '"? il7'i 43%
?est l'a.- pr. 73 73
Wilson Co pr 85 89
>Us Central,. 35 ? 4-,
WootvTorth pr.106 109
Protective Group
For Mexican Bonds
In Default Forined
Holders Asked to Deposit
Securities Before Decem?
ber 1, According to an
Agreement Just Keached
Speyer & Co., noting as a protective
committee for holders of the Mexican
Government Irrigation 4 4 per cent
sinking fund gold bond*, in default
since 1914, sent out a call yesterday
for the deposit of these securities with
the New York Trust Company as de?
positary op or before December 81,
subject to the terms of the bond?
holders' agreement dated November 18
The bonds, aggregating a total ol
$25,000,000, were placed by Speyer ?S
Co. in the United States and abroad ir
? October, 1908. The bankers in tiieii
I circular to holders state that default
I was made in the payment of the inter
? est on these bonds on May 1, 1014, an?
| that since May 1, 1919. default has als?
been i mode in the sinking fund pay
ments provided for the redemption o
these, bonds. Payment of principal, in
terest and sinking fund is uncondi
tionally guaranteed by indorsement b
the Mexican government. The amoun
of defaulted interest on these bond
is more than $9,(100.000 and the overdu
sinking fund nayments total $1,125,001
Call for the deposit of the $40,000,00
4 per cent bonds of 1?53 of the Mex
can government, which are also in At
fault, will be made by Speyer & Ci
no-xt. week. This issue was sold in th
United States, England, France an
Germany In 1904.
In connection with the calling fc
deposits of the Mexican Irrigation 4--i
Speyer & Co. say:
"Speyer & Co, have made repeat??
I effort? on behalf of the bondholders 1
i have the interest and sinking fund il
stallments paid and to have the Mex
can government make good its gua
antv, but without avail.
"General Alvaro Obregon, who hi
been elected President of the Unit?
States of Mexico and who will assun
office on December 1, is reported, ho?
I ever, to have publicly declared that tl
pew Mexican government 'will reco
! r.ize all legal foreign debts' and th
all its debts will be paid 'as far as pc
sible.'
"There are a number of foreign loft
of the Mexican government secured a
unsecured and other guaranties giv
I.y it, on which default has been ma<
? as well as a large amount of oth
! claims against it, which will have to
| recognized and provided for by t
i Mexican government.
i "We therefore consider it imports
: that the holders of the above bor
' should unite without delay for 1
! proper and effectual protection of th
j interests."
Temporary certificates of depo
? will bo issued by the depositary i
I changeable for engraved bearer cert
I cates and it is planned to list the c
! tificates on the New York Stock 1
j change. Arrangements will be mi
j for receiving the deposit of the boi
j in London, Frankfort-on-Maln, Ber
? and Amsterdam, where considera
blocks are held.
The Day's Bond Market
1.00 0.101
7'. 000. 97%
6.000. 97 V4
1,000. 97%
?' ?00. 97i/fc
?lo Os 1021
7 000. 99%
do Cs 1925
:0,000. onii
2,000. 92
3,000. 91
U K of ?ireat Britain
& i r. 'i,s 1921
1,000. 80
5,00o. 88%
?.ooo. 8ST4
25.000. ss.\
do 5Ha 1937
2,000. 85%
1.0O0. 85%
2,000. 86
3 ?il Mexico 6n
. ? 0 0 .
.000
1 2,000
98% |
95
2,000. ;.4%
11,0 o O. 0 7)
4,000. 94%
3 5ViS 1929
5,000. 8 9
?i.ooo. 8 s%
?o.oon.
B.OOO.ftSOf
10.O0O.s30f
20,000.
3 1,000.
5,000. ... ,
?lo 4h ^B_
1,000. r;s
8,000. n 7
N T City 1 '/?8 1966
7.i>00.^^^^H
4 1 Vi
Railway, Other Corporations
?.sk
L-r A
?1. Ol?
li
21% I
21 ?
2.OOO. 40
?-lo ctfs of deposit
stamped
35,000. 38 ?-;, i
Broukl;. n U Elev Ds
2.01)0. 62
Bush Term Bldg ,7k
1.000. 7 0 i.?
Pallf Gaa i K Es
3,000. 82 %
. 8 2 H
SI,000. 18
Am Ag Ch deb 5a
8.00 I. 92
Am Col ton ' 'il 5s
r..on?.. 77 m
5,000. ?6% 2,000.
Am Smelting 5s Canada Su 5s
. . 77, ?i| 1 0,000.
. 77 P. l'ar Clinch ?i- ?
. . 7 7 >?i 2,000.
? ? '."[* Cen fa. Hic firt?
? - ?-' 10,000.
? - - 1,000.
10.000 . .
? ? '" ; ao.oOfl.
8,000.
1,000. .
2,000, .
8,000. .
2.000. .
1,000. .
4 000. .
1.000. .
Am T A- T
3,000 . .
1.000. .
1,000 .
p:\
? . i.
-...
I ."("I ..... 78
29,000.8-A
8,000
."Sftn. ?,r. Ches & Ohio con 5?
1 Y". 2,000 . 07'%
? nn?9 .? do CVt 6a
1,000.
'7.0 0.0.
puno.
<<0
10.000. 797,4
7 000. Til'-',
pono. 70 ?..;
-.000. 7!H,
14.000. 7 9%
do 4 ??a
2,000. 8 2',
1.000. 82
5.000. 81% |
do rol 4s
2,000. 7 0 %
17.000. 7fi
4.i.r.o. ?.; i;
2.000. 76%
Arn?,ni- .?y Co 4'/4s
4.000. 7 ? t?
0.000.
1(7.000.
1 00,7.
t.ono.
1.000.
T ?.- s :??
?. 000
2.000.
I - 000
3.000.
gen 4.
- 000.
Fi.000 ?. 0I
? 00 .
s ...... . .
:
? .
l.'i.O I. .
?U ;. P ??
2,000. ...
do cvt -
: 000
?0.
' ! 1 ., O
! i ' . . . .
: .i.
7-.-.
. f? '?.
7 %
27,000.
1,000,
5,0'jfl_
4.00(1. 84 ?4 ?
5,000. s 4
5,000. ?Pii-i
5,000. 88%
4.000. S3
(lo RCIl 4MtS
3.000. 75
do ci l 4 ? a
7.000. . . .
3,?>00. . . .
?.ooo....
35,000. . . .
C & Alton rfg
1.000. . . .
do 3-..."
2.0- 0. . . .
3.000. . . .
2.00,1. . . .
C B K- Q Illinois 4s
2.000. 80?,4
do f?ui 4s
9.000. 79
. 00.79%
'do joli ? 4a
25 000.
8 5 K. I
hi\ |
'"3 Ti
74
M?*
100,
9 6 %
P", P.
?I ?I ;'l
3 0,000. 9? '?.
: 9,000. ;.C",
? C & l!ri- lat 5a
-? : I' OOO. f-0
?| 2.000. K0?<
I 000. SO
?it "Western 4*
4.000. 59
M S Ht 1- cvt 2s
s?r K
4,000.7 0:?
7.000. 69"
dO --?' m 4 Pr?
10 000. 7 7
Chic
do
! 0 O 0 0..
000 .
Atl Cn?Hi Lin
000....
2.000
lie. I f l . >? i'.
S 000
do 1. a N ?
: ? i
18 000 .
102
102 P
?- p.- I 1 i s
. 0 P
\p. IP
N f .
Ralt ??
8 :
ohlo Os
r, nro ?-. ? ?
n oo.i
2,000 . ..p
7-000 ... 01 :
1 I,
'O .'
7 il ???,
7 :
7 A ?..
0 ??
7 0 ' i
69 i
11.0 f. ???
o-ioH_
do sroi ' 4a
io oon. 70
?? ono..-?..*,
1. r n o.69
?lo o I S H*
?.ooo. .*.... 81 %i
5 oon. 83
1 non.82 p
do Pitts T. El ?
V,- Vo. 4 a
1 o o n o . . . . fi S
Beth Stppl p m 5s
10 000. 7<?
Brooklyn Kd Co 5?
?or A 1949
5.000. :??;
Brooklyn Bap T 7?
4.000. 4?
! I) 0 0 - '
4 s lfi
- 1 3.
.:.-, il h Is ? - ?
9.0O0 ....
d? ?r---i 4s ..-?i- .
' "' ...
:? n(io
d? 7 Lis
i. o o o ... 5 s ? ;
- ' S V W ,11 v
3.000 . 9S%
Phicai.1. Ky r.s
5,000 . C 2 ' ?
C T. I A- P rfg 4s
; - 00 .
67
.... t. ?i ?->,
?
'?>0l_
-..0 00. 67
10. 6 ? ?S
a.000. 8C>??,
C <fc N W 7? temp
rets
1.000. ? -1 -.
C St P MAO 6s
1.000.101
Chic l'n Station SVis
sor C interim ctfs
8.000.104 Ti
T.000.104%
3.000. 10S
do 4?,s ser A
_? 1.000 . . 7 9 ??
12.000. 4 5?, C A Wem Ind 4s
(Jo Ctfs of deposit I 2.OOO. 5!>
1.000..43 I ?.000. 58%
k
Chile Popper 7s
1,000. 92%
r.nno..02%
5,000. 91
do 6a
2.0 00. K9%
16,000. 70
20.000. 70',
41,000. 70
5.000. 69%
16.000. (! o
7.000. 69%
6.000. 69%
1.000. 69%
Con foul of Mil 5a
1.000. 75%
C C C A St L 4%?
2.000. 74
Col F A I gen 5s
1,000. 78%
Col A So i % s
3.000. 73%
5.000. 73'4
do 1st 4s
1 7.000. ???MA
70.000. 82
Columbus G ,t- B 6a
1 000. 80%
Comp-Tab-R 6a
1.O0O. 80
Con tins temp 7a
4.000.100%
2.000.100%
3.000.100
4.000.100%
2.000.100%
12 000,....100 '
?7uba Pane Sugar
. t deb
S.ono .
13.000.
87%
87
Del A II temp
3 00O.104
do rig Is
1,000...... 79'
Don A It ?1 Imp 5a
ppoo... ..s
do I'-a
Kan City Term 4s
2,000. 72
1,000. 72%
l.ooo. 70%
10.000. 73 '
Laclede ?Jlaa of St B
1st 6a
3,000. 74%
Back Steel 6s 1950
1,000. 77%
B E A West 1st 5a
14.000. 82
Lake Shore 4a 1923
10.000. 85
3,000. 84%
do 4h 1951
1,000. 82%
10.000. 81%
Behiirh V con 4 Via
10.000.80^
Behlrh V of Pa 4b
1.000. ... 70
Dlggett A M 7s
1.000.104%
1.0OO.105
1.000.104%
Bong? Is.oiul rfg 4s
5.000. 60%
DorlllxKl Co 7s
5,OOO.sl5f..lOB
2.000.105%
B oula A Nash 7a
2,000.104
do A K & 1 ' div 4s
1.000. 71 %
?So St I,oula 6s
1.000. 99%
1.000. 99%
Midvj.lr- Steel Os
i.ro-i. 7S%
6.000. 76
Minn A St I. 4s
fi 000.44
IM St P A S S M 4a
1.000. 77
Im k a- t lat 4?
5.000. 60%
2.000.
2.000.PS i 10 000. 60'-'
5 000. 63 %j 1 n00. SOt?,
do rfg Sa B 0f)o. 80%
10.000 . 49 15.000. 60%
Detroit hid 1st A rfg do ?t 6s
ta v"'- " ?. 3 000. 28%
^ ';,???-,r,.n -? M K A Okla 5s
do rfg 5a 1940 2 000 . . 70-A
" 00?. ?---%|mo Pfl'tlflc Cs 19?1
',.000. 90%
Detroit & M 1st 4
l.ono.03
Detroit P Rya 4%a
2.000. 63%
Erie prior lion 4s
2,000. 52%
4.000. 53
do gen lien 4a
10.000. 44%
4,000. 45
do cvt 4s sor A
l.non. 41
1.100. 41%
do cvt 4s ser B
1.000. 41
9.000. 41%
do cvt 4s acr D
l.ono. 47'?
1.000. 47%
do Gen Hiver 6w
6.000. 83%
Gen Elea deb Cs
1 .non. 98 ?:.
do .1.1. 5a
5.000. 86
4,000. H C %
G Bay A IV deb B
5.(i00. ... pi.,
II11.I A M rfg 5s
5.000 . .'!
: 000. ko p
2 4.000 . .
?? Ol 0.
I do,
2.000.
do lue 5s
do gen 4a
3.000. 56%
2.000. 65%
2,000. 8$
3.000. 65%
1.000. F.8%
?pnoo. 6"
10 0 0 0. 5 4 -V,
? 10 000. 55%
1.000. 55
Montana Power 5s
1.000. 93
Montreal Tram Ps
5.000. 00
N'asp/i". l-7]ec 4a
2 000. 21
N'at Ilv. M 4%s
? 000 ... . "714
do p* 4a
1 0 000.nib'. . 2".
20 000.s30f 25
Valions! Tub,. 7?
r. ooo. 87%
1 000.... 88
V O ri A V E r?f A
Imn 4 '..s
" *| 2 non. 7R
G1 TV Or! T c- Mex 5s
6 000 . . 7 7 P
I H 6.000. R7%
fi,000. 57':
60 ' v V rv>\ti?a! col 7a .T
' ' P M Pi'crioi reta
I 000...... 1 01 '?'?
5.000.
Illinois c ?n
3 000
do rfg ta
1 onr .
do 4a 195
?
. 1 n-j
10 0 ,
', non.10 ;
.10 leb (la
lftoo ?v
.!
.7.00. . ,
dO ".-? s 19;
Ai. -'" ''
?Jfti ' i P? 1. h S :..? 11
. 000 . 90'
?nterin,r..- Met 4 1.. -,
67%
3 7
?", 0 ' n
? n3
do -tfs of d
6,000. 18 '
2.007 ?7
I:.P>-P,-.' I I [ftf ?__^___mmmm_mmmm
' 000. 58
15.000. . ' v T ""p T'" *"
do rfc :???:..
1000 ...
do P ? 3 % a
- or-0.
V Y X f * H i,
1.000 . ...
n* v -?-.,-.? n?-? c
,-? -
\
' - ? ? P ?-, :
lnt Me- Marins Ss
? 000. . ,,):,
22.000 '
3.000 ... soi
? 3
I MlOl_
? .000, . .
,7 000
'
I ?
S9%
7 9 \
50
Iowa Central 4a
8 000. 42%
K C Ft s i m ),
S i. 0 0 0. 6 4"..
9.000. 8 4.%
Kansas City So 6?
?.000..., -1
1.000. 7i-1,
2.0 lO.gSOt.. 73
3.07?. 7.7^
4.000. 73%
do Sa
12.000.... Gji,
n . - ? ?.-.
' 1 '- '?> '.'.. 'e *'?
< urn . " - ?
A W e ? I ?s
l.fl 1.10;
10 soo.1 02%
I D 000.lO?'i
'? a:n.1 0* %?
1 0. ? 0 0 . . . . 1 0 2
Ao "on 4'.
-, 001. . 70
4.000... . 7<%
2.O00. 76 %
1 flOO. 7?
N'nr Pacific. 4a
;. Oflf.. 7'
2 000. 78%
16 00?. 77
If? 000. 7?*?
1 000. 77
j-00?. 53% do 3a
5.100. 63 2 101. .... . ISU
1.000. 6J% J.0O0, . . . 65%
Investment
Information
Question* ?f central interest .9 in?
vestors mil be answered in this e??W j
umn, in which case only initials will
be need. Others will be answered %y
mail. Address all inquiries, inclos?
ing * stamped, addressed envelope, tu
Financial Editor, The Tribune, ?H
Nassau Street, New Yuri: City.
?-? . _ j
Wishes to Better His Posltlot/
Question?I own ?J3.O0O Atlanta & ilhiur
liille Air Line Railroad 6s, duo 1944. for
which I paid 87. would you kindly a.'.Via?
me liovy I run Improvo mv Investment
poaltlon. Would purchase City of Mcfl
treal 6b, due 1947, at 76, be advlsablo?
?S. B. A
Answer?The Atlant? & Charlotte
Air Line 5 per cent bonds are hiafh
grade. The present price ts about Bit.
There are, of course, many issues
available which -would yield more than
these bonds, but in obtaining a highey
' yield you may be weakening your ii.
! vestment position. We regard the
Westinghouse 7 per cent bonds, 19.31,
i recently issued, as a good investment/'
They yield about I1.*, per cent, but the/ ?
I are not secured and are, of course, not
entitled to as high a rating as the At?
lanta & Charlotte. Some of the recent
issues of 7 per cent railroad equip?
ments are entitled to good ratings, buk
practically all sell at from two to four
points premium, and we do not suppo-.-e
you care for a premium bond. The
City of Montreal 5 per cents, 1947,
were issued by the Catholic School
Commission and are an obligation, both
of that commission and of the City of
Montreal. They sell for about 76 in
New York, which means about 88 per
cent in Canada. The bonds arc payable
in Canadian currency, and therefore !
you are speculating upon Canadian ex?
change. We regard them as safe, so
far as principal and interest are eon?*
cerned. There are several issues of
good, seasoned, preferred stocks which
stand well. Among them are United
States Steel, American Car and Foun?
dry, Standard Oil of New Jersey, Na
tional Biscuit and American Tobacco.
Holds Block of American Ship
Question?Plenae advise me what you i
think of American Ship and Comnfferce. I
hold a Uirire block of stock ai /bout 30.
Please advise me as to the ea,*hlnsa, ?nan- I
| agement and prospects. ? I!. It.
I Answer?The American Sf.'p and
: Commerce Corporation ?/ a holding
i company having 669,183 shares of stock
: outstanding. The last r?po/t of earn- ;
j ings was from July IS, l?l9, to Decem?
ber 31, 1919, whoa the equivalent of 17 '
cents a share wa ?^earned. At that time
there were on.y 521,005 shares out?
standing. Last summer W. A. Harri
iriari was elected president to succeed
General Goethals. Recently the com- ?
pany ha9 formed an alliance with the
Hamburg-American Line. The company
plans a large expansion program, with
what result we cannot attempt to say.
We regard the stock as highly specula?
tive, not only on account of the large
amount outstanding, but because the
shipping business is an uncertain one
at best.
Swedish Internals Sold Here
Queatlon-?Will you kindly Inform ma of
the prlcea of Swedish government bonda
at the preaont rate of exchange, their
yield In per cent and year of maturity?
16.000. 56%
Or? A. Calif 1st 5s
15,000. 88%
1,000. 88
5.000. 8$%
Ore Ry s-, Nav 4a
1,000. 77%
Ore-W R II & N 4?
1.000. ?!)%
Ore Short Bine 4a
8,000. 80
Pacific G & m Rs
2,000
1,000
4,000_
Pacific T & T 6s
5.000.
6,000._
1,000. 81
Penn 7s 1930
8,000.104U.
3.000. ._ .. .104%
2.000.104V.
1.000.104
79
78%
78
3
82%
81%
So Pacific cvt 5h
25,000.111%
5,000.111%
60.000.HO'-.
25,000.109%
5.OOO.100%
10,000.109
2,000.no
30.000.109
10.000.108%
do cvt 4b
14,000. 77
1.000. 77%
1,000. 76%
1.000. 76%
22,000..
20,000. .
?Jo col 4a
2.000. .
do rfg 4a
90.000. .
23.000. .
?5o San F
000
70%
;.?20.104%iSouthe'rn Ry 5a
_ 74 V,
_ 74H
Term 4a
72
,104
.104%
00%
SO %
9 0
90
81
.kc of
66'
.000
tooo
do 5s 1968
1.000. 00
2,000. 90
2.000. . . .
10.000. . . .
2.000_
do con 4 %a
1.000. . ..
do g.-n 4 Via
lo.ooo.. ..
80.000. 80%
do 4s 11148
1 ')? 00J._ 8 3
pnoo.7 81 ?4
Peo <;?h A
Chi co go
...OOP!
Peorln A E 1st 4s
1.000. 62%
1,000. 627?
P?re Marquette 6m
1.000. 83%
Pitta C C & 9t L 5a
aer A
1,000. 85
2,000. 84 %
Readln?? gen 4a
38.000. 84
1,000. 84%
1.000. S4 ?.,
19.060. 84%
17.000. 8 1%
1,000. 84',?
t..000. 84
8.000. S4%
10.000. 84 ?7,
9 000. 84%
14.000. 85
14.000. 84%
3.000. 84%
14 000. 85
do C N J 4a
2.000. 91
| Rio G w lpt 4a
1.000. ?6
do col Is
1.000. 53 P.
1.000. 7.3?,
Ark A I. 4V.H
1.0.10 . . . . r, it %
f> 000. . 66%
58%
6.1 %
60%
c i-.
P. I
100.
fin
i. n o o. r, o ?,
;,.ono. 66
2.000. 66 "
l St B lr Mt A So P.
I'.OOO. 87
S.OOO. . . 8 7?,
do ?-.
1 0 n o.. . 7 3
8t B A S I
2.00O.
?,; B!
2.000,
7.000. .
1 1,000
r A
01
r. 0 \
61
(7 '. ??-,
? 0 %
6 0 %
. 0 o 0
1.000
do 4s
9.000
1.001_
I ? nno. 60 li
9,000. 601
23 000. (70?,
33 000. 60
1.000. cn-v
2,000
1.000_
1 000. 60
<3o 's Mub A. O d
17.000. 59
?Third ?v rfg 4s
4 ono. 49
4 000.
Toi St T, A W 4s
7.Ono. 49
Cnion Pncitin 6a
2.nno. 99
2.000. 98 ?-',
2.000. 98%
?3o 1st 4s
6 000. 80%
4 00 0. 8 0 v.
t.OOO. SO"-'.
4.000. 80*
?> nno.'0'.,',
3 ono. 8 07-.
??.000. 80 iw
15 nno.KiOf.. i*'-??
1.000. 80%
do let 4a reg
1.000. 73
do evt 4a
6 OOn. 8 0*4
II ono. 80%
do rfe 4s
? ono. 74
10 one , u3Cf.. T"?1
l.ono. 73??,
United Ry Tnv 5a
Pltrs '?.?me
1 ono. i77
|m Re's of S F 4s
Ctfs r.?* deposit
3 nnn. an
9 000. in %
* 0oo. ;-)
T" 9 RnM-11-.r temp
7 % s I n 10
I n nofi. ?i?
?7 n n o.'. o o? '.
inoi ,97 -,
T' P Pte?1 s f 5S
1 o n iyi. n -.
;mi. i,- ? ;
n nno. n"
2.000. 92%
T'tnh x- Northern "?>
! nno. 80
Pish V-r A I. -?
1 nno . 79
Vi Iron r ?. ,- ; ?
3 0.1,1. 0?,
Va .i ?=--> eon Fs
in n-.o
Vera C * P 41 *
non
1.000. 60% vtrgtp'?i Rv Sa
H_
13,000.
PO?O._
P C 0 71. 71
do ud.) t>?
1.900. CI
10.000. 6?
15.000. 64
10.000. ' t
- . . . .-7 4
1,001. o ...
do Inc Os
4,000
?%
non.
?Traba ?h Ist Bf
"? ? '?. '
?_'. 0 01.
4.000. --' '
25.000. . . "
10.000. . .49'
. ? j ....:??>
1.0O0.. . . 49'
2.000. 49'
6.000. l?'
/ S-.Tii T? rin 5s
20.000. t\\
- i
P
W ? 'S_
! rm.
Weit Pnelfic Ea
i 001
Western i'nl-m
in no.?
1.000 ...
r i"
! ?? 4a
1.0 10. .
con 4a
2.000.
3.0U? . . ,\ . C't
St P i K C 8 L 4%s
10 000. "4%
St P M & M con t*
1.000. BS%
do 4a Montana ext
2.000. S2
Sav Fia 4 W ?a 1
1.000.100s;'|Wet>t
Seaboard A t, adj 5*|
1.000. 39
4 000. 38%
1.000. 38 .
3.000.IT%
do rfg 4a
7 ooo. 43 '
6,000. 4<J j
So Ben T A T Sa '
1 000. S0%
:? non.
: .?? ? . <?? i.
? on p .. or. i
1 .nno. '
i c o n. ..-.',
i o o n. n -, i.
v fi
71
_h?-e 4 a
" non.
Wh?i ?P T, E con 4f
2 nno. 59'
IT'lann -"n 1st ta
?} 000 . 87
do evt Sa
10,000 . . t i
1 n o ? . g s
? nin , 041
20 000.84
i
!
TO THE HOLDERS j
OF
$25,000,000
4l/2% Sinking Fund Gold Bonds, due 1943
OF THE
"institution for Encouragement of irrigation Works and Development of
Agriculture, S. A."
(Caja de Pr?stamos para obras de Irrigaci?n y Fomento de la
Agricultura, S. A.) 3
Principal, Interest and Sinking Fund Unconditionally
?Guaranteed by the (Mexican Government
?Default was made in the payment of the interest on the above
Bonds due May 1st, 1914, and, since May 1st, 1919, default has
also been made in the sinking fund payments provided for the re
| demption of these Bonds.
The payment of Principal, Interest and Sinking Fund is uncon
ditionally guaranteed by endorsement by the Mexican Government.
Since the above defaults occurred, we have made repeated
I efforts, on behalf of the owners of the Bonds, to have the interest
and sinking fund installments paid, and to have the Mexican Gov?
ernment make good its guarantee thereof, but without avail.
General Alvaro Obregon, who has been elected President of the
United States of Mexico, and who will assume office on December
' 1 st, is reported, however, to have publicly declared that the new
Mexican Government "will recognize all legal foreign debts," and
that all its debts will be paid "as far as possible." ?
There are a number of foreign loans of the Mexican Govern- jj
ment, secured and unsecured, and other guarantees given by it, on
which default has been made, as well as a large amount of other *
claims against it, which will have to be recognized and provided for ?
by the Mexican Government ?
jj We therefore consider it important that the holders of the above *
? Bonds should unite, without delay, for the proper and effectual pro- *
tection of their interests. To that end we invite holders of the abovo \
mentioned Bonds to deposit the same, with all unpaid coupons at?
tached, with the New York Trust Company, as Depositary, at its
office, 26 Broad Street, New York, or with its agents, on or before
December 31st, 1920, subject to the terms of a Bondholders' Agree?
ment, dated [November 18th. 1920. Copies of this Agreement may
\ be obtained from the Depositary or at our office, 24-26 Pine Street.
Temporary certificates of deposit will be issued by the Deposi
Itary, exchangeable for engraved bearer certificates. Application
will be made for the listing of the engraved certificates on the New
York Stock Exchange.
We will make no charge to depositing bondholders for our ser?
vices under the Agreement.
New York, November 18th, 1920. SPEYER & CO.
CADWALADER, WICKERSHAM & TAFT, Counsel.
I ii
: i
Are auch bond? free of taxes? What Is
your opinion of auch lnv?;atment ??C. A. B.
Answer?There are three issues of I
Swedish government internal bonds !
which are dealt in here, tiie 3 peri
cent loan of 1888, payable at option of I
the government, quote?! between 30 ;
and 31, the c .inversion toan 3 per cent,:
due 1950, quoted between 31 and 36,
and the ',',}-, per cent loan of 1908, due ?
after December 20, 1920, quoted be?
tween 35 and 36],2. The first loan is
in denominations of ?245, ?98 and ?49.
The second is in denominations of
?"990, ?495, ?198, ?99, ?49 10s and
?19 10s. The third is in denomina
tions of ?1,000, ?500, i'100 and ?20.
All quotatioi-s are dollars per 1,000
kronen. The conversion loan is free .
of Swedish taxes. We tind no provision
in this respect regarding the other.-.
The yield ?-aniiot be computed, be- i
cause the price of kronen fluctuates
I from time to time. Such purchases,
are speculative, owing to the fluctua- ;
tions of exchange. If you believe
| Sweden will eventually be'able to im-?
! prove her trade position with this
country, the bonds may offer very good !
opportunities.
Coppers N'ot So Well Off Now
Question- Kindly give, m? soi?e Informa?
tion i---ar.-n-.iini,- ?'.t?o ?le Pasco mining
slock ami ,?t.it" whether you consider li
;. (rood business man's investment. 1 'u you
consider A-tcliison preferred * safe Invest?
ment and tho common -.x good busln ?-.-<
man's Investmont? Als., please state whai
is the par value of Sludebalcer, Chandler
Motors, Pressed Steel Car and \i -
Car and foundry common, and wheth
you consider them a good business n m's
Investment.?Q. r. M.
! Answer?We do not class copper
i shares as good investment-;. The ( erro
' de Pasco Company has been a largo
: producer and its property is said to
contain a great amount of ore. Dur?
ing the war period the company earned
a substantial amount on its capitaliza- :
tion, in 1917, the equivalent of $9.85
on 697,299 shares. In 1919 it. earned
?5.66 on 898,227 shares. This is the]
Mast report published. Production thus I
? ?'ar this year has shown a considerab
falling off, and the. price of the meta!
: lias shown a large d id-ease. 1 . may be
! that most copper shares have sorni
! what discounted this condition, ai d for
' that reason the slocks muy offer >
i ulative opportunities. Atchison pre
! ferred is, in our opinion, a good
vestment. Earnings have been ample
for many years to care for preferre?!
i dividends nd leave a substantial
' amount for the common. The common
stock is speculative, less so, per?
haps, than most railroad shares,
! but the fact that the railroad
tion is .-'ill more or less uncert; in
place- the -lock in this class.
Studebaker, American Car and Foun
[ dry and Pressed Steal Car are 510')
par value, ("handier has no pur value
Wo regard all as speculative, beci
? h -y a-re very ensil .o ri ? p
Dividends arc based to a very larg
tent on these earnings, and therefore
vary from time to time.
Holds Good Kailroad Issues
Qnestlol . iwn H.OOU N'ash
? 'i... ?:. n ii ga Rail? oa.i
. lort?fage bon ?. ?lue ' ?_-.
.... ti. Chicar.) & ??t. I cent,
and SX, 000 Kiel? ..-..PP.
., per < ?...- . due ?ni ? s i S
Ulee ker and l-'ulton ? '?? I ? ?? . ..
YV ! . . is your opl nlon ??> . p
-, ? -.? y safo t" ir In r-esl.. enl ' Would h
b ?? : -?? to dispos? f th.
? nd in v. il tu? pi oc ?eds in good
sto. ,.-= or h Id ? he ?
< ? : : ?-???;.
sell and ? that wo
be i .-.? t- Investm. .' ' i am i ? ??
tion .? It? -. I art afford
? -? ! ? .' 13
Answer Your three railroad bonds
are. of very good grade. We see no
present reason .'or gelling them. AH
.?ire well secured and enjoy good i u
kets. The Bleecker Street and Pulten
Ferry bonds caul their last co
The?.e whs a delay of a few weeks, but
at present prices, around 25 per cent,
ve believe it unwise to sell. Thei'O is
value to the property.
Four full columns of in?
vestment questions and an
atcer? are published in The
Tribune every Sunday.
WANTED el
100 Air Reduction
100 Aeolian W. P.&P. com
20 Amer, Alliance Ins.
100 American Chicle pfd.
50 American Cigar pfd.
100 Am. Cyana. com & pfd.
100 American Meter Co.
25 Atlas Ptd. Cement pfd.
100 Bliss, E. W., com.
100 Car. C'field & O. R. pfd.
100 C'field Coal com. & pfd.
200 Coal Sales Co.
25 Col. Fuel & Iron pfd.
100 Em. St. & I. com. & pfd.
25 Frank);n Ins.
100 G?nerai Baking com.
25 Glens Falls Insurance
20 Hanover Nat. Bk. stock
25 Hanover Insurance.
100 Hocking Valley Ry.
10 Home Ins. "rights"
25 International Elevating
100 Int. Pulp com. & pfd.
50 Lawyers Title & Trust
50 Lehigh Val. Coal Sales
10 Lehigh & W.-B. Coal
100 Lima Locomotive pfd.
50 Midland Securities
100 Mohawk Valley Co.
50 National Liberty Ins.
100 N.Y. St. Rys. com.&pfd.
100 Niles-Bement-Pond cm.
50 Old Dom. Steamship
100 Penn. Coal & Coke '
50 Pocahontas Fuel com.
50 R.J. R'nolds T. com. A.
50 Rolls-Royce pfd.
25 Royal Bak. Powd. pfd.
25 Singer Manufacturing
25 Victor Talking Machine
100 Ward Bak. com. & pfd.
50 Weber Piano pfd.
Jr. &, CO.FOR SALE
100 American Chicle com.
5C American Cigar com.
50 Ameri. Lithograph pfd. I
30 Ameri. Lithograph com. !
100 Atlas Ptd. Cement com. !
50 Bat. Pk. Nat. Bank stk.
100 Bliss, E. W., com.
50 City of New York Ins.
100 Clinchfield Coal com.
100 Continental Insurance
40 Del., Lack. & W. Coal
25 Equitable Trust stock
50 Gen. Baking com &pf d.
25 Great Ameri. Insurance
5000 Havana Tob. 5s, 1922
20 H.W. Johns-Manv." com. |
35 Home Ins. "rights"
50 Int. Cigar Machine
100 Int. Fur Exchange pfd.
100 Kirby Lumber cm. & pf.
25 Lehigh Val. Coal Sales
100 Lima Locomotive com.
100 Locomobile Co. com.
50 Midland Securities
100 Mohawk Valley Co.
50 National Fuel Gas
200 Nat. Oil of N. J. pfd.
25 New Jersey Zinc
100 N. Y. State Rys. com.
25 Niagara Insurance
200 Pathe Fr?res Phon, cm,
100 Penn. Coal & Coke
50 P. F. Collier & Sons cm,
25 Phelps, Dodge Corp.
500 Pyrene Manufacturing
100 Rolls-Royce Preferred
60 Singer Manufacturing
500 Singer Mfg. Ltd.
100 Splitdorf El. Preferred
100 U. S. Fire Insurance
100 Winchester Co. 1&2 pfd
20 Winchester Co. com.
o Jtnm.9
6 Wall St,, N. Y.
Phones John 4000 to 4010
I
Nevada Consolidated
Nevada Ccnso!icla7ed Copper
Co., one of the most consist?
ent dividend paying mines
among the porphyry coppers,
is the subject of ?:n analysis
in the current number of our
Market Review. Other stocks
discussed are:
imperial Oil
An^?o-American Oil
Cerro de Pasco Copper
National Leather
General Elertric
SiVelly Oil
Haskeil & Barker
-? ? .' ??,:?' ' fOT Ki, t
HUGHES &DIER
STOCKS?BONO??GRAIN
' ?? .'i - ;r.:i tr.d Pittiburih
Member: - - - -? Chictto Bd.
I o! Tra?1e, S\ v Produc? Buch.
42 New St.. New York
Telephone Broad 5140
509 Fifth Ay?*. Tc!. V?nderbilt 9533
67 W. 125th St. Tel. Harlem 5651
I'hiiacit'.pMa Pittsburgh Cleveland
HART O?L
Dividends 2% Monthly
?.OOfl Ar.-r>i of the (.'orj)o:-a.-.!on'8 ho'.d
'.ngs ai-3 >-a?#.l '?. prominent o<-.mpur.le?
arvl are being developed without coa!
? alty basta I
P. Hire? v.-rliK ? by
Compan-, itself now flowing 1,160 L>b7s. !
Price 52.00
Cai' or Write lor ?Attest H evos 'rom I
!).?? ; ??jM, Special AnCili/xl? and
Offloial Ciroular HT
AUTHORIZED REPRESENTATIVES \
L.A. HUCHES & CO.
Investments
100 Broadway Phooe Rector 2853
Liberty Bonds
Bought?Sold?Quoted
John Muir Et ??a
t?smirrs Net? Yeeh Stsdt Esthtiss?
61 Broadway
New York
i

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New-York tribune. [volume], November 18, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924