New-York tribune. [volume] (New York [N.Y.]) 1866-1924, November 27, 1920, Image 12

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New-York tribune. [volume], November 27, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 27 Nov. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-11-27/ed-1/seq-12/>

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-y;???ys^?.i jw?n.MIIIMi.W'jr-? ''?W*,'<!l.*^r**jy
.
Phone Rector 5000
Joseplithal & Co.
120 Broadly, Wew York
U embers
Sexo York Stock Erchanp?
Private Wires to
Principal Cities
s?
rvvTHiM :,;r' V!jr' 9' Commercial Banking
?h?%1sHA'iHAM& PHENIX
/#\ NATIONAL BANK
\Y.i,/ rapitul & SarpltM $12,000,000
? ?" -;,*,! Rrsourci'S .SI.Ml.0(10.0011
.'..'. \\ 149 Broadway, Singer Bldg.
y .-?I I '. Il'iinihfi
THE BANK OF AMERICA
ESTABLISHED 1812
with which is merged
Franklin Trust Company
v.,,, and \\ is.. New York.
Corn Exchange Bank
Home Insurance Rights
Guaranty Trust Co.
McCLLRF., JONES & REED
Me her* .Veu> V
US Broadwa?
Exchange
I'bonc 3321 R?etor
Heavy Selling Sends
Wheat to New Lows;
Market Is Nervous
Flour Price* ?!ill Soft After
Declines of 25 to50Cents;
Many Slop-Loss Order
Uncovered on the Decline
Th.* downward readjustment of val
". : ?? again ? progresa in tht; wheat
in ' y toi lay, an ! new low recorda
wtn i d. There was unusual?
ly ? -. much of which '.vus
credited t?.. Wa ', Street account, ar.<l
st o 1 - rders were uncoveied on the
.
', Exporters reported a good demand,
the day bo ng estimated at
1.7' . Is of American wheat at
Gdli [ ??:? . - i.. .?( r our holiday Brit
nto t he Winnipeg
. it i it ?'? ; ,000 b?shols
y>? ' Ti is buying made but
util? . on pricea, however,
and ; ??'is were onlv
??? ? Blipht y above the lowest at G"^ to 7
Ce M ? ' : : ? .
The i - f the weakness was
hi'iifcved ' ie dui to extreme nervous
nes - o. ? r '' mc .1 '?( nditions. The
weaki ' ? ? market and ru
m rs i : ii : a difficult es in the cot
t.? r, ira in Great Bi tain coi tributed
to tiv- ?: ?i rr i there were
r ? ; < ? ? ' intry banks
' n ? ? D ko ta ad beei f irec 1 to
cl? ?? '? ? if the i xport demand
?? ? c ne from Southern Eur pe, especially
iron : ? . n and Italy, and Belgian buy?
ers, who ... r. ake purchases on
: the market, and it
wai has supplied its
.-.??. nt, and, more .ver, is
gtttmg more liberal offers from the
Soul i re.
F.o'ir ;. ces experienced a farther
cr? p ol cents per barrel, and
lending gra? ? a were quoted at ?8.25,
*-?' wi.- ,- t r that mills would prob
. ,.?:,.% accepl ?r bids. In the
local market \'o. 2 red and No. 2 hard
.. .?*":>? quoted at $1.79% c. i. f. track
Suv, York.
? Corn Resists Pressure
Caused by Wheat*s Fall
Thf err. market felt the inf.uenco
o* the break in wheat, but again
B_huwed independen! resistance and at
: ?;:?? day values were ',(?
-.?lower to 14c I igher. There was noth?
ing especi . ih in the new? of
? r y, but the trade was not inclined
to pre ? the selling rude as the mar
*? ? ket is now on about a pre-war basis;,
v.hich. f.any think, discounts many of
.<. fac rs in the situation.
Rece , ? ? '.?. ere a tr ifle larger at
ut the country is not
and stocks i ecently have
ight d? cre? se. In tl :
mar! t No, 2 yellow was
?;'..? and No. ~ mixe?; at
: '' '.' ???'. York, ten days ' ship
S
. ? rr
????a Y?ar
,e, o?/..
? 11.68 V.
Oats Market Is Easier,
Shorts Prove (,ooil Buyers
market was i*a??f r early
ifluence of the
: t shorts were good
?? a ? d ' aal quota
of V4 to -c.
'. 'he Went were
pts over the two
?
In the n arket Mo, ] whitn
????? ??, 60V4c;
No ?': ?? ? ?? c; So 4 white, 58 '-k;
fancy < ? ?'?; ordinary
-, ail ele
-
.No I whit? ... 53 , ' ?? '-, ,t 1 '?/;?.': v,
,???,. ... y. t
Hf- M
?*?w Trti
I low ..
;? ? :
linn
" 3 % a
? ? '*/'* !'"? v'.'i-in T??r
? '?1?1, ??o
2 ?1 ':?- -.., $? et
'.. iot at Ions wer?
i Pr?vlou?
- .?? Y-nr mc<,
') ') \ %. I ? 5
. ( % ?. 11) 7 :
? ? a '. ; i? \. ti ?/
Iyondon Money Market
LONDON, Nov 26. Bar a Ivt r, 48%d
O* r '. .' < <?. bai Kt'Ul, i 1 7 i (JiJ ; rr ? ?
- r rt-r t UiffCOUnt i ?
hill?, <' 13 19^8% ;>*r ????nt; three
, '.II !'' ?,*r rrnt. Gold
priminm *t LUbon, J 40.
Stocks Decline
But Refuse to
Break Sharply
Dividend-Paying Rails Are
Higher. Despite the Move
to Capitalize Bearish Busi?
ness Events
Despite developments in the busi?
ness world which operators for the
decline sought to capitalize! industrial
securities moved irregularly yesterday
and tended lower, but did not fall pre?
cipitately in price. On the other hand,
the dividend paying railroad stocks,
particularly those of corporations own?
ing coal hinds, were eagerly bought
and moved higher.
The announcement by Jones
Lauphlin. leading independent steel
manufacturers, of a reduction
prices to the level established by the
War Indusfries Board in March, 1919,
means that the long expected yielding
of this basic industry to the influ?
ences of deflation has come. The
Other independent steel companies, ac?
cording to advices from Pittsburgh,
will probably follow, and elfuce the
premiums over the scale continued in
effect by the United States Steel C >r
poration. While demand for the baro?
metric metal outstripped the supply,
buyers were willing to pay a higher
price to independents in order to get
deliveries. But now that the effective
calls on the steel mills equal only!
about h'-ilf the capacity of the com?
panies, the Steel Corporation, which.!
! steel men declare, produces one-half
the total output of steel in this coun
1 try, could itself take care of the cur
i rent demands. If this is true, the rea?
son for the cut by the independents
is patent.
Apparently depression has restored
; a state of active competition in the
; steel industry. The news that this
?condition had become a reality could
! hardly have surprised any serious stu
i dent of the process of industrial re
adjustment. However, bear traders in
i securities took full advantage of the
item, and the stocks of the steel com?
panies, which have receded strikingly
for weeks, were heavily sold. Pres?
sure to a lesser extent was also di?
rected o ruhe copper stocks, as the
quotation on spot copper dropped to
! 13?4 cent?, a new low ligure for this
' movement.
In spite of the moderate declines
in the stock market, this medium for
I the interplay of spectacular forces
seemed conspicuously :irm in contrast
to the commodity exchanges, where
the lowest prices of the year were
quoted for cotton and grain. Unset?
tled financial conditions in Liverpool
and heavy selling originating both from
the South and from professional opera?
tors in New York, carried cotton quota?
tions down 90 to 145 points for the
day. January futures were traded as
low as 15.15 cents to the pound. In
the wheat mart, .March contracts
slumped to $1.48 a bushel, and De
cen b rr futures to SI.52 a b ishel. Corn
prices*? in sympathy, continued to ex?
plore new low levels. In th? foreign
exchange market fluctuations were
within narrow boundaries and were
without special significance.
Money and Credit
Call money ratea on the Stock Ex
chanj e yesterday were maintained at
.'i per- cent. Considering the fact that
$40,000,000 has be. n withdrawn from
', che banks this week by the govern?
ment, b >rrowers argued that the in me?
diate outlook did not indicate highei
rates. Time money was unchanged.
Yeai
Yesterday, ago.
! On mixed collateral. 6 7
: On industrial collateral.. 6 7
Time money (mixed collateral):
Sixty ??ay's . 8ro.81,i 5% ?< 6
Ninety days . 8(?t8Vis .r>;;. ?'G
Four months . 8 fa'8 4?, 5?i(g!?
F'iv.r to six months So,-;;. 5*i4(?.6
Bank Clearings -Hank clearings, at
New York yesterday were: Exchanges,
$924,129,096; balances, $94,355,240.
Silver?London, 48V.; New York,
domestic bar, 99':;c: foreign, 75*vt2c;
Mexican dollars, 57%c.
Sub-Treasury ? (,'nited States fund
leserve credit balances, $75,778,395.
Canadian Exchange -New Yotk funds
in Montreal, $138.75 premium per
$1,000; Montreal funds in New York,
$121.84 discount per $1,000.
The Dollar in Foreign Exchange
The foreign exchange market was
| steady yesterday, without important
changes in rates. Sterling held around
$3.48*-J4. Francs moved narrowly.
(.Quoted in dollars to the pound i
Week
Yesterday. *ago.
Sterling, demand .$3.4.-w*5 $3.45
Sterling, cables . 3.4950 3.4575
Sterling, sixty days. 3.4525 3.4150
Sterling, ninety days .. 3.4325 3.3950
(Quoted in cents to the unit)
Francs, checks . 6.06 5.97
Francs, cables . 6.07 5.98
'Belgium, franco, checks. 6.44 6.34
Belgium, francs, cables. 0.45 6.35
: Lire, checks . 3.66 .'1.70
Lire, cables . 3.07 :'..7l
Swiss, francs, checks ... 1 5.00 16.57
Swiss, francs, cables... .15.69 15.60
Marks, checks . 1.45 ] 36
Marks, cabli s . 1.46 1.37
Guilders, checks .30.50 30.25
Guilders, cables . 30.625 30.375
Austrian,crowns,checks .3150 .32
Austrian,crowns,cables . . .32 ..'!L'50
I Sweden, checks .19.20 19.05
Sweden, cables .19.25 19.10
Denmark, c! ecks .13 15 13.40
Denmark, cabl s .13.50 13 15
N'orway, checks.13.45 13.30
Norway, eaM..:-( .13,50 13 35
P? ? ?. checks .13.1 1 13.20
Pi ? ta s, cables.13.15 L3 24
Or?'? re, checks . 8.70 9.00
Greece, cables . 8.75 9.05
..Manila, checks .40.15 46.25
Manilla, or.bles ..'.-I 1.50 46 50
India, rupees, cheeks.. 28.50 29.00
India, rupees, cables_29.00 29.2E
rapan yen, checks .50.375 60.25
Ja? an, yen, cables.?11 ''-?> 50 50
Argentina, clrecks.15.75 7175.
Argentina, cabl is .76.00 75 00
' Brazil, Rio, checks.15.75 16 00
' Brazil, Rio, cable? .15.875 16.125
?Czecho-Slovakia, checks. 1.25 1.21
Czecho-Slovakia, cables..1.26 1 ?.'?
Dividends
Initial
Bherwln-William* Comnnny of Canada.
An Initial quarto Ij - l\ I'lcrH of 1 >,a p
cent h ?.haro has t.. ? r? i|? tared, payah
11 . . ? I, -, ?loch liohlei it of re. >rd
!??: . rnber 10.
Itrj{ iilur Declaration.)
Stock
Pay- hoi 1er?
Knt?v Period able. of lie
Arn Tobacco Co.,
:..' . lVd*/? 1 Jan. S n?-c. 10
A 1.'.-. n ".? ? V n I 1.1
-, l'i Co., pf . 1\% ?i Dec. 15 Nov. .10
Ba :???, n Lo? orno
Work? ... 3 ??.'",. ? a ';. n 1 Deo. *
do pf ... :?? t% a a.lan 1 De? 4
Cal r )'..? kin* Co, 11.50 g Do? IG No .? no
M d ,?? ?:
C? of Am -i pf i \ "i 'i Deo. 21 Deo. t
Com l'i,* ? '?. , pf Jl .'j u l .<?? . l .\\,v ;i)
Do i Ir I .n Iron *
te? Co. . .. 1 >?4% <i Jarf I Dei r
do pf - 1 %% ?4 Jan, i De? . II
H It Mall!.. ?
Co., pf . 1 V, 'i ,J?n. 'I Dec. 2'.
I?f. A ?':', Jun. : Dee, ! r
Ml !? ' I'D .
; ' n M In? i :.<". ,i?.n. ! Deo. i
I'Ulfl ? r,un?l Co,
pf ; K% o i"--.. it Nov. so
'.'. ? Karrell A
'", pf- . I \ % 'I Jan ?. Un- JO
m ? i , ? i ?. ?. m &
>:?'?''?? Co. pf ?.:'?? q Dec 1 li '.'?,* 30
.'? ? n - ' -.. 12 '/ Dec 1:0 Dec I
?"/ it T . . t i Jun 3 Dec I ?
a ft .. 1%% .| Jan. i !????? l i
United Dy?<*oo i
' '?< l'r % 'j Jan S lifi-, ]|
w. ??/? Corporailon,
1* pf. firlif- Va. I NOY. 1?
Transactions Yesterday in Listed Stock?
Summary of Stock Exchange Dealings
(Copyright, 1920, New York Tribune) Inc.)
Day" Year January 1 t? dat?.
Yesterday. before. aso. 1920. 1919. 1918.
Railroad stocka . 221.400 296 500 401.700 37 16" 400 69 623.900 32.849 6n0
Other stocks . 467 500 369.300 8 IV? 0?0 159.312 300 215 908 500 99.198 500
All stocks . 683,000 665.800 1.382.900 196.481,700 285 622,400 132,048,100
Yesterday. Day before. Year airo. 1920. 1919.
TJ. S. government bonds $8 939 000 $9.589,000 $21.447.000 $2.699.844.000 $2,338 991.000 i
Railroad bond* . 2.316 000 2 961000 2,161.000 305 961.000 348,-'89,000
O her bonds . 3,<"0ir00 2.556 000 3 1 "6 000 352 183 000 364.543,C00
All bonds . 14,250.000 15,ICO.000 20,78-1.000 3.357,993.000 3,05O,C23,0C0
Tilth. Low. Di?. Net
19,00. 1920. Kate. Sal"?. On?n. Rich. t.atr. CAo%*. chge. Ttid. A?k.
46% 18 ? Advance Ttumely _ 100 18 18 13 18 ? 1% 17 19
72 50 6 do pf . 200 50% 50'/a 50% 50'/a-|- % 51 53
88% 31% 4 Aja* Rubber . 600 3.*% 34 3234 34 + 1 34 34%
3 1% ? Alaska Juneaa . C00 1% 1% 1% 1%- 1% '%
53% 23 4 Allis-Chalmer? . 9"0 30'4 30(/4 30 30 - 30 31
95 65% 8 Amer Art Chem. 52r0 69% 6q% 65% 67%? 2 67' > 67%
62% 46 ? Allied Chemical . 2700 53 53' 2 52% 53% f % 53% 53%
103% 51 8 Amcr Bret Surar. 700 53% 54 52' 4 52%? 1% 52 53
128% 63% 10 Amer Bosch Mas_ 400 68% 68% 68'8 68':- 68'. > 69%
61% 22% ? American Can . 700 26% 26% 25% 2534? % 25% 26
101 79 7 do pf. 2:0 80% 80% 80'4 80'/4 + 1% 79. 81
147% 118% 12 Am Car & Foundry.. 1200 124% 125% 123% 123'2? 1 123% 124%
86 61 6 Am Cotton Oil pf.. 100 63 63 68 68 - 65 75
15 7% .80 Am Drug Syndicate. 700 8 8 8 8 - 7% 8
175 95 8 American Express .. 200 115% 115% 115 115 ?4 116% 125
30% 7 -- Am Bide & Leather. 1600 8% 8% 8% 8%? % 8 9
122 44 7 do pf. 900 47% 47% 47% 47%+ % 47 48
53% 37 4 Amor Ire Securities.. 230 40Va 40% 40 40 ? % 40 43%
119% 38%? Amcr Int'l Corp.... 46C0 43 43% 42% 42%? 1 42% 43
14% 9 ? Amcr La France_ 100 9' 4 9% 9% 9%? % 9% 9%
95 51 3 Amcr Linseed . 1600 65% 67% 65% 67%4- 2 57% 57%
99% 80 7 do pf. 200 88 89 88 89 +2% 88 92
109% 8"% G Amer Loco . 3400 85 85 84 84 ? % 84 84'/?
44% 22 ? Amrr Mall & Grain. 100 22 22 22 22?1 22 24
17% 9% ? Amcr Safety Razor. 31C0 10% 10% 9% 10 - 9% .10
30' 2 11% ? Amer Ship & Com... 1900 11% 11% 11% 11%? % 11% ^7/i
72 42 4 Amer Smelting . 2700 46 46 45% 45%? % 45% 45%
100% 86% 7 do pf . 200 88 88 88 88 + % 87% 88
83- 70% 6 do pf A. 100 73% 73% 73 73 ? % 72 73';
50 26 3 Amrr Steel Fdry . . 200 31 31 30 30 ? % 30 30%
93% 82% 7 do pf . 300 83% 84% 83% 84%- % 83 84','?
142%' 90% 7 Amer Sugar . 1200 94% 94%
118% 100% 7 do pf . 200 103 103 1
106% 66% 10 Amer Sum Tob . 300 73 73 72 72 -- V, 4 >"*'/2 'J
1003., 02% 8 Amcr Tel & Trlcjr... 6700 98 98% 98 98%? % 98% 98'
97% 85% 6 Amcr Tob pf new.. 200 90 90 90 90 - 90 90'
165 60% 7 Amcr Woolen ...... 4100 67% 70% 66% 70%+ 3 70% 70?
105'. 90% 7 do pf. 100 92 92 92 92 - 90% 92'
59% 31 6 Amcr Zinc pf. 200 31 31% 31 31%? % 31% 34
66%. 36 4 Anaconda . 8600 40% 40% 39% 40 ? % 39% 40
82 " 75 7 Austin Nichols pf . . 100 70 70 70 70 ? 1 65 70
20% 11%? Atlantic Fruit . 1400 14 14 14 14 + 1% 13 15
67% 19%? Assor Dry Goods.... 700 22% 22% 22% 22%- 22% 23
74% 55 6 do 1st pf. 300 56 56 56 56 ? % 55 56
7534 473., 7 do 2d pf. 10 473i 4734 4734 4734- 46 47'
125 85% b Associated Oil . 400 104 104 104 104 + 6% 103% 106
903B 76 " 6 Atch. Top ? San Fc. 6100 81 85% 81% 84%- 84 85
82 72 5 do pf. 200 77% 78 77% 77%,- 77 78
12V, 5 -? All. Birm ? All... 400 7% 7% "7% 7%- 7", 7'
176% 83% 10 Atlantic. Gulf & \\ I 3000 103 103 99% 102%- 102 102!
19% 4 ? Au'.o Sal?'.- Corp.... 200 4 4 4 4 ? % 3% 5
148% 91% 7 Baldwin Loco Co_ 29000 95% 95% 93% 94%? 1% 94% 943
49% 27% ? Bali i .V- Ohio. 800 39 40% 38% 39%+ % 39 39:'
62 40% 4 do pf. 600 4"% 50 49% 50 - 49% 49?
153 102 8 Barrett Company ... 100 118 113 118 118 + 1% 117% 119
111% 100' 2 7 do pf ... . 200 10V ;, 101% 100% 100%-r 34 100% 103
1'/
23,
55
5 do Cla-s I!. 8900 56 56 54% 54%? 1 54%
8 do 8% pf. 400 103 103 103 103 + % 102
Brooklyn Kap Tran., 900 12%. 12% '2 12%? % 12
? do ctfs . 700 7% 7% 7% 7%? 3fl 7, 4
? Bo I'll M'hcric! - 46 >0 - 4 '. 8 4 ? % 4
10 Burns Bros . 400 87 87 37 87- 86
? Butte Cop & Zinc . . . 200 6 6 6 6 - 5%
? Caddo 01 900 15 13 15 15 + % 14%
6 California Racking. 4C0 63% C.%. 62%, 63 ? 1% 62%
Calif Petroleum. 1700 18% 18% 18% 13%? 1% 19%
4 Ca.umel ii .r?:?:?:.. 1 I0 II ,, 46 e ?6% 46%+ % 45%
10 Canadian Pacific , 0,'CO 117 117% 116% 117 ? % 116-%'
;? Central Leather... . 3400 0,0%, 39% 38% 38%? % 38%
7 do pf. 400 90 90 90 90 -- 1 83%
10 Chandler Motors % 76 75% /5%? 34 75.,
4 < 1; ; ?p. ?:. & Ohio 18100 64% 66% 63% 65%? 1%, 65%
? Chic ? E Illinois pf. . 100 0%. 6% 6% 6%? % 6
, ? < hie G! H'es'ern pf 300 23 23 23 23 "? % 23
, ? Chic, Mil & St Raul 8000 33% 35 ?3' 34% ? - % 3438
1 ? do pf . 1200 00 g 53% 52% 53%+ % 53
Copper. . 7100 20% 20% 50
idv . 400 55 55 55
80 52 4 7 Consol Cigars . 200 56% 56% 56% 56%? % 67
89% 76% 7 do pf. 200 77 77% 77 77%: 2% 77
93% 73% 7 Consolidated Gas _ 600 81 81 79% 7934? 1% 79%
2038 6% 2 Con-, lot C'aJI Min... 200 7% 7% 7% 7%? % 7
97% 54 7 Continental Can .... 1700 62 60%. 62 63% r 1 62%
14% 5 1 Continental Candy.. 2300 6 0 5% 5%? % 5%
85 66% 5 Continental Ins Co.. 300 Co1? 60% 60%, 66%? 1 % 66
105% 67 4 (om Products . 7900 70% 7 0% 72% 73 ? % 72%
107 99% 7 do pf. 2:0 100 100 100 100 f % 99%
47% 17% 3 Con Textile . 2 . 20 19% 19%? % 19%
4338 30 2% Co.srfen & Co. 21 0 ?4 ., 12 32 ?2 , 31%
278% 87 3 Crucible Steel . 25 00 92 02 .. 83'., 89%? 4% 83
60% 28% 4 Cuba-American Sugar ... i0% 3 % 30%? 1 30%
59% 23%? Cuba Cane Sugar 1700 25% 20% 23% 20%? 2 23%
85% 64% 7 do pf . 400 69 69 67% 67%? % 67%
9 %> ? Denver & Rio Grande 700 % % % %+ % %
16'% % ? do pf . POO 1% 1% ', |% % 1%
28 16%? Elk Horn Coal. 200 17 17 17 17- 16%
29 ;;8 ? Emerson-Brant . 500 8 8 8 8 - 7
147 53% 5 Endicott-Jol-.nson .... 400 56% 56% 56% 66%+ % 56%
104 83% 7 do pf. 200 88% 89 80 % 89- 89
21% 9% ? Erie . 2400 15 . 10% 15% 15%? % 15%
30% 17%? do 1st pf. 700 23 24 23 24 - 3A 23%
22% 12%? dr. 2,1 pf. 100 16% K>!. 16% 16%? % 16
95 45 8 Famous Players . 1000 ' i% 55% 54 55 + % 64%
48 14 3 Fisk Rubber lire... I '. 14% 13% 14 ? % 14'.-,
36% ?O34-- Freeporl I ?a^ . 000 17 17 17 17 - 163,
19% 3% ? Gaston Williams ... 400 4 4 4 4 ? % 4
75% 64 6 (.encrai I n-ar . 1200 57% 57% 57% 57%? % 57
172 118 8 General Electric Co. 290C 127% 127% 120 126%? 1% 126
4% 2% ? do rts . 6 00 5% 3% 3% 3%? % 3'/?
42 12% 1 General Motors . 36100 15% 16% 15% 16 + % 15',
85% 60% 6 do 6% ?Ici. . 400 66% 60V, 66% 66%+ % 66
85% 39% 6 Goodrich, Il F. 600 41% 41% 41% 41%? % 41'/
55%, 19%? Granb> Mining - 200 20% 20% 20% 20%? % 20
91% 65% 7 Greal Northern pf 2700 80% 81% 80% 80%? % 80^'
41% 29% 4 (.rent North Ore subs 0 0 *29% 20% 30 : % 293.
31% 19' ._. ? Greene Can Copper.. .' 23% 23% 23 23 ?1 23
35% 23%? Gulf, Mob & North pf 200 25 25 25 25 ? % 25
2 0 4 10 1 Hupp Motor . 000 ll 11% 11 11 - 10%
78% 50 4 Mask & It rK Car Co " I 60 60 59% 60 .- 1% 59V
116% 75 ? Houston Oil . 2700 81 82 " 80 81%? % 81 '
46% 17 ? Hendee Mf<; . I00 17% 17% 17% 17'4? % 17
97% 80V, 7 Illinois Central . 900 80 80% 89 89%+ % 89
61% 31% 4 Inspiration Copper . I200 34% 34'% 34 34%? % 34
6% 3 ? Inlcrbor-Cons C'orp . 2400 0 5 4% 4%? % 4'
17% 8% ? do pf . 400 ' % 13 12 12 ? % 12
142% 88 7 Int'l Harvester .. . 200 93 ., 93% 9234 923.;? 1% 92'
Truck.
2 r! ,
Sl pf
700
12
38% 7 Manhattan Elev .... 100 55 55 55 59 ?
2% ? Maxwell Motor Co . 0 I 2% 2% 2% 23?_
106% 157%
1.60 Mi die S ates Oil . . 8 !O0
4 Midvale ??eel . . , . 46 0
M""' Ward . " I 20% 21% ???)% 21% J 1% 20',
Montana Powei . .. 2C0 60 60 59% 59%+ % 69'
Mull'iim Hody 0 ; : , 24</2 24% 24%+ % 24'
. National Verne ... 1 . " . ;") 28% 29 '? 1 " 29
National 111 euil pf. . ! 0 1 ,% 105% 105% 105% + % 105
National Aniline .... 1100 V , 52 , 52% 52%? % 53'
,l" i'1 . 100 88 88 88 fi.'l - 88
''" ,!'< . 600 62% 53% 62% B3% I- ">A ?
"" P' rlfn . . . 200 88' 8 I' .. HH' ., 88' j |- 1/4 ?
Nal < on ? < able (? 0 4% 4% 4% 4%? % 41
Nal lit ..I Me? 2d pf 600 6% 5% 5%. f,i 2? % 61
Nevada Con Copper. 3 0 9% 9'., 9''2 9% | % 9'
Ne? Oil In .V Me? 900 67% 69% 67% 69%. i- 1% 59'
New Vork Air Hinke 6O0 87 87 87 87 | 1 86
N-iv Voili (?rural .. 4600 76% 76% 75% 76%+ % 70'
N V, (In <fc Hi LouU 600 60% 50% 50% 80% |- % 61
Record of Stork and Bond Averages
(Copyright, 1920, New York Tribune ,-.,?,)
Stocks Ranee ?has Range fnll
Tester- Day Year far 1920. veur 1919.
dnv. before. ago. Hi.rh. Low. "~ '"'*. Low.
20 Ra'lroad stocks . 68.10 67.70 6V65 73 89 58 60 78.80 53.25
30 Industrial stocks . 74.80 75.57 101,00 110.30 72.00 119.33 79.20
50 Stocks . 72.12 72.44 36.46 92.05 69.38 99.54 75.92
l?onds
10 Railroad bonds . 75 54 74.45 74.46 76.97 63.73 82.30 72.83
10 Industrial bonds . 8^03 83.03 92.03 91.45 82.?2 95.70 91.56
6 Utility bonds . 70.30 70.-'0 73."4 74.53 6".04 87.75 7180
25 Bonds . 77.09 77.07 81.26 81.71 73.94 87.91 80.21
I High. Low. Di?. jfet
i 1920. 1920. Ra?e. Sat?.. Onen. Hir-h. Low. Close chge. Bid. Ask,
? 48% 18% 2% New York Dock. 300 22 22 21 21 ?1 20 21
? 37% 20 ? N Y, N II * H_ 13100 22% 22% 21% 223?-t- % 22 223?,
j 27% 16 1 N Y, On' ft West... 200 '0% 19%, 19% 19%+ % 18J4 19%
105% 85 7 Norfolk & Western.. 15600 100% 105% 100% 104 '+ 4 103% 103-%
61 48 5 North American .... 200 55 55 52 52 ? % 52 55
\ 95% 6634 7 Northern* Pacific ... 12700 87 87% 85% 86%:- % 86% 87%
77% 35% 5 Nova Scotia Steel... 6"0 37 38% 37 38%- 1% 33 39
5% 3% .40 Okla Prod ft Rcf... 2700 3% 3% 3% 3%+ % 3% 3%
28% 23 2 Orphcum Circuit ... 200 25% 25% 25% 25%- 25 25%
i 41% 18%? Otis Steel . 600 15% 15% 15% 15%,? % 15'2 16
?65 46 3 Owens Bottling Mach 2"0 49% 49% 49% 49%+ % 49 50
'116% 71% 6 Pan-Amer Petroleum. 14100 77' '?_ 77% 75% 76%? % 76% 77
?111% 66 6 do B . 1700 72% 72% 70'., 71?1 71 72
? 44 37% 3 Pennsylvania R R... 4700 4 1% 41% 40'2 40' 2? % 40%, 4034
! 36% 1034? Penn Seaboard Steel. 900 11% 11% 11 11 ? % 10% 11
j 45 27 ? People's Gas ft Coke 300 35% 35% 35 35%? % 35% 35%
| 32 18%? Pere Mamuette _ 1400 20% 20% 20% 20%- 20% 21
? 42% 30% 3 Philadelphia Co _ 2700 06% 36%, 35% 35%? 1% 35% 36%
i 82% 2OI/4? Pierce Arrow . 2700 23', 24 23 23 ? 34 22% 23%
108% 7434 8 do pf . 2'"0 77% 77% 771-% 77%+ 1% 77% 78
j 23% 11 ? Pierce Oil . 16^0 12%
| 72| 4 51|'4 5 Pittsburgh Coal _ 700 59%
i 50% 30 4 Pure Oil . 3900 34%
39% 21%? Pitts ft West Va ... 17100 33%.
! 2734 12! 2 1 Pond reck Coal _ 3^0 14
| 113% 77 8 Pressed Steel Car ., 300 84
, 124 100% 8 Pullman Co . 9"0 104%,
j 120 48% 8 Punta Alegre Sugar. 1900 51
! 106% 81 8 Rail S'eel Spring .. 300 65
107 96% 7 do pf. 200 104
22% 10 1 Ray Consol Cop _ 4600 12
103 64% 4 Rending . 39100 88
61 32% 2 do 1st pf . 200 54
65% 33% 2 do 2d pf . 200 53%
94 32%? Remington Type ... 300 35
124% 63% 6 Rep Iron & Steel ... 3600 67%
106% 89 7 do pf . 200 89%
93% 34% ? R-plogle Steel . 1700 77
1233?, 65% 5.20 Royal Du'ch . 9500 63
25% 6% 1 Santa Cecilia Sugar. 700 5%
21% 3 ? Saxon Motors . 900 3%
17% 13% 1 St Joseph Lead _ 100 14
33% 15% ? St Louis ft S^n Fran 2900 2434
'40 11 ? 'St Louis Sou'hw .... 700 30%
4934 20% ? do pf . 300 12
20% 10 ? Seab Air Line pf . 200 14%
243 99% 8 Scars Roebuck . 41^0 103%,
13 5 ? ShaMurk Arizona
90' 4 4
23% 1
4834 23%
Sloss ShefT St ft Iron
118% 88% 6 Southern Pacific ....
33% 18 ? Southern Railroad ..
66% 50 5 do pf .
730 600 20 Standard Oil ci N i .
113% 100% 7 do pf .
118% 39 4 Stromtjcrg Carburetor
126% 41% 7 Studehaker .
101! a 83% 7 do pf .
14 10 ? Pub Boat Con?.
60 41 6 Superior Steel .
20% 13% 2 Superior Oil .
53% 4Q 3 Texas Company ....
47 17 ? Texas ft Pacific.
E33s 24% 1 Tex & Pac Coal ft O
34'4 10% 2% Times Simare Auto.
95',. 43% 6 Tobacco Product-? ...
106 82 7 do pf .
333., 8% ? Transcon Oil .
66' 2 40 5 Trnnsne W Steel
43 27% 2%. Twin City Rap Iran.
38 21% ? Union Oil .
129'', 110 10 Union Pacific .....
69% 61% 4 do pf .
224% 176 12 United Fruit .
32% 13 ? United Ry Invest pf
25% 10% ? U S C I Pipe ft F...
5*5 4 39% 0 do pf.
75% 29 6US Food Products. .
1163a 66''2 8 C S Ind Alcohol...
69-% 35% ? l! S Realty ft Invjvt
96% 54 3 Cnitcd Retail Stores
14334 58% 8 OS It.r'nbcr .
76 41% 6 US Smelt ft Ref. . .
109 ?0 5 U S S'eel .
H53i 104%, 7 do pf.
80% 49% 6 I tah Copper.
97 41 6 Vanad urn S'.eel ....
80% 36% 4 Va-Car Chem .
112' 2 103' a 8 do pf .
21 " 10% 2 Vtvandou .
13 7 ? Wabash .
34?4 20% ? do pf A .
15% 8% ? West Maryland ....
27% 11 ? do 2d pf .
40 20' 2 ? Western Pacific ....
923g 80% 7 Western Union Teleg
119 89'4 7 Westing Air Bra!:-..
55% 40% 4 Westinghouse Mfg
25 17 ? White Oil .
32% 45 5 Wilson Co .
16 9 ? Wheel ft Lake Erie.
28 15 ? rio pf .
69' 2 36% 4 White Motors .
32 6% 1 Willys Overland _
93 47 7 do pf .
48 23 ? Wisconsin (.'entrai
95% 42% 6 Worth Pump ft M .
*Ex dividend
43' a -74 Shell Trans ft Tr . . J400
14%? Seneca Copper . 3900
23% ? Sinclair Oil . 8010O
i1 6 Sloss Sheff St & Iron 7n0
Bid and Asked
n1
Adams 1 ?
All |-Clia id ; r '2
Am Ai,t Cli pf -
Am Hunk Not Vi
do pf .... 40
Am lit Sug pf 70
An: H S & V. I ?
do pf . SO
Am C A F pf 10S
ft'
21) . I K
I,.,
?? V Si
pf...
?j so Wl ;??'.
; - ? |i M.
do pt
A .
(0
AI
I/X--II Pf..ll
A:.i ." IItl pf. .
Arn ruin T ;,f sr!
Am Tel b i'.. -V
Am Wh pf... Ill
Ann Arbor . . 12
do pf . 25
Assets ftenllis. 3
Auto S C?.r pf 9
Hal.l I..?-.. Pf 9?'
lintopilas Mil
Hel i SI 7 pf S>
Itrklyn Hdl-mn S3
lirklyii I <!.... '
llrown Sh ?? i :
li pf . -0
Rrown Hn.s pi 92
llruiii'Wlek ...
Buff It ?v. I'., i' r
do pf. S5
llul? in Susi.. 72
Pf
.. & M Toll Pf .
-:v i.-w it pf
n :t| i<> ist pf.. .?.". oa
r.s in 2d pf '-?n
n v, i... '. ?-1 pf ton i r
& Sash ' 101
vi , C
'..?
61
? . pf
M,ii. j Sugar ,??
do pf .. ? ?
V .i lien
Mnrlin K.v-ku
Martin I'ary
M;uli Alk W
Ml i AI 1-1 pi
' [if ... 2 '
I)
1'? in
C.ll rtllll
?:.
.1 I ill -:
Ci'l : of N .1 200
Cilio & A tut]
do i>f . 13
!':.;? & M 111 7
C & N W pf 107
Chle Tu Tool i'.O
C St P M A: O 05
do pf ..... S9
C '" I' & SI I. 4 6
do pf .. . . 621
C ?iiett-l'.-.l pf. -
Co & S I ?' pf 49
do 2?l pf - 47
Col C.rnpli pf. 60
i 'out Can pf. . '?'''?
r.o
M Sil" A SS.M 7? : -
?lo pf.13 ion
to i i r.2
M . . |.?. - pf :n?
Mullllis Ifj pf ' U
. li ,\ i liatt 101 112
N Clk .V Si pf 71 : :
! N lln & -! pf SH 90
?i ' N n I., ad pf too li lot
'n UK. ? M i ?t pi li'ij '
?I NYI'?-Srl, I ;?!' i'.O
do : . pf.. .:
S1! Nor! k - tilth l ."-j : t
s .r -s \v pf. i : ?
n:
?l I'a.'ifli
pf
It M pt
ast .
l'a ?
Pari
rp.'t
Crue Steel pf. -'?;
C;i to. Sug pf 93
H?,? Co pf.. S4
D?truit l: ILson 95
Detroit V It H -'.
East h'Mnk ..SIS
do pf .100
' i pf
Tel S Tel 37'
ill & 111 B 1
,? A IV; ;.
Mara pi ;
pf ? ?
M
Du'
fi A.
pf ....
Dorn lloslorj ?'
do Pf .
Kl.-,. Stor lint '??
ink It Coal pf
llrant pf
Plus ? ??. pf .
! i" & w \ ,i pf
; IT Stl Car pf
i I' S I' ? ' V .1.
Rel- .V Co
do pf
m T-. i-i pf
Mi
I",.! M n A H
do pf .
Fisher !'?< 1" .
do pf ......
Oen Client . i
?lo pf
On ClBsr pf.
du pf <l"li
C.H.tr-'i pi .
ilr.iv Davis
<; H Si I I .! pf
I'annmn i'.--r-.i
I. A
Ft?
|,,
J'.-s s * 1 |rt -
S I' ll sun pi ' '
S>;i ,| M UM .:
I . :>'
' ?i-T ?? el pi
- 1 A V !,! T . i
Tl lo W nil 'il
TSI f. YV pf ??
It T n'
S
\
7 1
II?
? .t. i-r
, ' ultn I III
I,, I.? pi
IT H 1
lut At' pf 62
Int Mnrr pf 102 10-, | r-|;,,', ;..,,.?? | ,
I M TI? I I pf 6R 73 ; ' HS .'. It pf |..i-, I ?
do 2d pf '."? no VVnli,if.li |if It r
Int Paper pf . KO 104 j \V I.. -,. , K,p ,
Int Nickel pf.. R2W -" W Mfii ;,r pf i
Inl Salt .. ?0 W . i ? , pf -,,
I. ?vi Central '? '? W . t. . ... pf inr,
Jewel Ten * C. W l\V \t pf A 75
.1 Kayvr 70 SO i .1 . pr H . ,
KCFtSiM pf 50 60
-'-?-?
Monthly Earnings
Southern Par I tie S.VHtem
October irroHS ... $29.?17.?,98 Inc. $5.787,679
Net op lue,mi? B B82 337 I leo SI I 100
10 month?' aro?? 230. ?09,47.4 Ine. 36.136,407
.Net op. Incomi I4.990.S04 l>cC.16,725,026
I'lllteil (?u1* anil r.lcelrle
October itrnvi $1.062 ,02 Inc. $161,644
Net aft.T taxea... 289.210 Oeo, 34,90 1
Total Income. 291,269 I. ?5,203
Burp.art.lUed.ohg?. 131,uns Doo. *2,li9
More N. D. Hunks Close
Depletion of Reserves in Ttvo
?Makes 15 in Fortnight
FARGO, N. D., Nov. 26. Two more
North Dakota banks closed their doors
to-day as a result of depleted reserved,
bringing to fifteen the number o finan
? ciul institutions that have shut down
?for similar reasons in the last two
weeks. Those closed to-day were the
j Farmers' and Merchants' Bank at Sher
? wood and the Farmers State Bank at
Kirrimr-,
The closing of state banks at this
time is owing to withdrawals exceeding
I collections to a po nt where the re?
serves have become depleted, accord?
ing to 0. K. Lol'thus, State Hank Ex?
aminer.
"The primary cause is the sudden
?drop in pr?ces of grain and stoek to a
point where, if sold now, will be a
1 severe loss to the producer, and he re
: fuses to sell," he said.
French Loan Growing
Subscriptions to-Internal Issue
?{each High Figure
PA HIS, Nov. 20.- The new French G
per cent loan, including yesterday's
"Commerce Fay" subscriptions, has
passed the 26,000,000,.I franc mark,
according to figures made public in
.financial quarters ture to-day.
It is expected that subscriptions,
when the loan closes ''our days hence,
will total 30,000,000,000 franc's.
Barre (\ t.) Hank Accused
BARRE, Vt., Nov. 26.?State Bank
Commissioner George Carpenter filed
with the county clerk at Montpclicr
to-day a bill of complaint setting forth
his reasons for closing the Barre Sav
ings Hank and Trust, Company Mon?
day after that institution had been
subjected to a run. He paid the books
failed to show the bank's true con?
dition when exam ned in October. It
is also alleged that the bank failed to
ke p a proper reserve in cash, that
Liberty bonds carried in the bank state?
ment wore really the property o indi
? viduals, and that the bank has made
oxees ive loans.
Stocks F\ Dividend
?inte. Company. l'er cent
Nov 27 -Potnwnro ,v Hudson Co. :: ' j
, Nov. ::o i il.-iiii.m l Mulch Co. 2
Nov. :t0 En h I.i Koilali Co., 2V4 .-vira 2%
du pf. It,
uri he i n 1 ron ? >: ?? Proper
tl.-H, T C. II I. 2
Nov 10 Norfolk .v Western Hy Co.-.. l\
S'nv ' ' Nunniillv Co . i
- nv 0 nl i-.l ' ': ; ?', Si til es l'"., pf. . 1 \
Nov ? AJux Rubber Co I no. 1
i N?iv :io American II x pre its Co. 3
Nov. 30 Am. To!. A Cable Co. 1 Vi
Nov 30 California Parking Corp. ! v?
N..v 30- Crete Carpel Co. 3
Nov 30 Rhin A Pittsburgh H. H Co., 7?
Nov. 27 llaiU.iiMu.il Water Co. '?
Nnv 27 tlo pf. %
Nov. 30?Southern Pacific Co. IS*
N..v. 30? Souther? lly. Co. pf. 3 V*
?Nov. 30?U. a liuliiriiilal Alcohol Co. .
In Wall Street
The General Motors Deal
Terms of the deal whereby the du
Font and Morgan interests acquired
upward of 3,000,000 shares of General
Motors stock held by William C. Du?
rant, pr?sident of the company, in?
volved trie cash payment of ?27.000.000.
it was reported in banking quarters
yesterday. The additional amount due
in payment for the stock consisted in
shares of the du Pont Securities Cor
poration, and the whole transaction
involved approximately $50,000,000.
Market Opinion Mixed
Since the downward course of the
market was checked on Monday by the
announcement that the holdings of
W. C. Durant in General Motors had
been taken over by the du Fonts and
J. F. Morgan & Co. the opinion on the
market has been decidedly mixed.
Some observers have it ail figured out
: that security prices may reach a
[ "double bottom" within the next few
: days, to be followed by a period of
dullness that, will prboably extend
until some time in February. They
expect that an upward swing will
develop which will wipe out much of
the losses of the past year. Others
arcrue that the industrial shares have
n it fully discounted the readjustment
now under way in the basic industries
and that they 'must go lower before the
discounting process lias been com?
pleted. Easier money, they say, will
I not counteract the downward tenti
!ency.
Lower Commercial Rate.
Action yesterday by one of the large
' natii nal banks in the financial district
in reducing its commercial discount
rate ''rom 7 to 6 per cent was generally
1 accepted ns foreshadowing a lowering
; of rates all along the line. Rates on
'? prime bankers' acceptances were rr
? d.uced "Mj of 1 per cent by dealers on
' Wednesday. In announcing its reduc?
tion in its lending rate to commercial
i customers the bank said yesterday:
"The president of one of the largest
downtown banks, feeling that the com
! mercial discount rate of 7 per cent
| which his bank has been charging has
; been in operation sufficiently long
I to serve its purpose in bringing about
a proper adjustment, has to-day au?
thorized a chancre from 7 to 6 per cent.
: He feels that this is a proper and fair
course to pursue in the interest of
business in general and. further, that
it will convey to the public mind a
justifiable reassurance of the progress
'? being made as a result of the policy of
j the Federal Reserve Bank.'' it was in?
timated in financial circles that other
brinks might make similar concession-;
to their commercial borrowers, which
would in turn mean a reduction of a
: full 1 per cent in open market rate -
on commercial paper, which have lately
! been holding around 8 per cent.
Brazilian Loan Revived
Bankers interested in a proposal to
i make a credit advance to the Brazilian
government ,;"!'-r discussion several
weeks a;;.) without definite results
were said yesterday to have resumed
legotiations. The amount mentioned
when the project was first broached
was $40,000,000. The present negotia?
tions are understood to be for a credit
ich smaller size.
American Woolen
American Woolen common stoo?
rather prominently yesterday as a spot
of strength in a market that was ? x
ceedinj; -? rreg ular. It gaine I 2 I
points net at JOVz. An ana:y of
position of American Woolen pre?
pared by .. hange house sa> s
the end" of i Ictobe r I %? com -
pany's c i h balam u wa ? ? 10 >>11 i, i r
more than t\\ ice ?1 - notes paya
-??lick assets w t< '. 10,0 10,01 ', w ith hi?
ve i tori? s ?nark', d di w n to curre m
levels. This was equivalent to $9.50 a
share for the presenl $40,000,000 com
! mon stock after deduct ng the pre
1 ferred at par, During the war period
tii" equivalent of $4*3 a share for the
present $40,000,000 common was worked
back into the property. Woolen is of
course affected by the slump in the
textile industry. The percentage of
idle woo! machinery in the country is
lid to be larger to-day than at any
time in six years.
Copper at 13?4c
A new low price for copper on the
'present downward movement was re?
ported to have ben established yes?
terday with the sale of half a million
j pounds at 1M% cents a pound. The
? market continues entirely in the hands
of the buyers and they are purchasing
| only !..r their most pressing needs.
, M any producers assert that on pres?
ent day operating costs they lose
n on ;, if the metal is sold under 16
cents a pound. In 1918, wl en t e gov
. ernment fixed the price of copper a:
26 cents a pound, it also stipulated
; that miners were to be paid on that
basis. Since then the companies
; agreed on a wage scale based on the
; selling price of the meta!, but m no
lease were the men to be paid on the
basis of less than 18 cents a pound.
Sinclair Consolidated
Nearly 100,000 shares of Sinclair
Consolidated changed hands in yester?
day s market at a net loss of a" point.
the heavy turn-over in the stock gave
rise to ail sorts of rumors, among which
was one that one of the largest hold?
ers was se.ling to establish losses to
include in his next .ear's income tax
return. The Sinclair directorate ia
made up of a number of wealthy men.
?ome of whom, according to report
bought the stock at much higher fig?
ures. The liquidation which caused so
? much attention yesterday was under
| stood to have been augmented by a
J considerable volume of short selling.
-Norfolk & Western
? A four-point advance in Norfolk &
Western yesterday called attention to
the possibility that this read, along
with the Heading and the De'aware,
Fackawanna & Western, will divorce
itself from its coal properties, includ?
ing the Pocahontas Coal and Coke
Company. The stock was easily the
I feature of the railroad list, the high
| price of the day being 10,% compared
with Wednesda 's last sale at 100.
, Norfolk & Western is also one of the
roads that ate beginning to feel the
benefit of the freight rate increase.
September operating revenue; in?
creased 22 per cent over the cor?
responding month'a year ago, and it is
be uved that the gain for October will
bo even greater.
Anaconda Syndicate Dissolved
The managers of the syndicate which
underwrote $25,000 000 serres B 7
per cent bonds of the Anaconda Cop?
per Mining Company and offered 'hem
the middle of October yesterday noti?
fied the underwriters that the syndi
! eate had been dissolved, all bonds hav?
ing been sold. They were offered at
'.( . ' i and interest, to yield 7.02 per
i eut.
CanadianH Co Well
Investment, bankers pointed yester
dav to the quick sale of the $25,000 000
of Canadian Northern Railway twenty
year 7 p< r cent bends offered by lo?
cal bankers as indicative of the excel?
lent demand for prime issues of fairly
hing maturity. This issue went as well
ns the $25,000,000 issue of (?rand Trunk
Railway 7? offered several weeks airo.
Until issues have behind them what is
tantamount to a guaranty by the Do?
minion government, which makes them
doubly nttructiva from th* viewpoint
of security.
Our Circular on
Southern Railway
and
Pacific Gas & Electric
analyzes the prospects of
these two companies as
a Railroad and a Public
Utility representative of
those properties which
should benefit by their
changed status under
present conditions.
Ast? for Circuler E-20
A. A. Housman & Co.
I- New T?,l Sforll (l..v
New Y r-- c ?? , Kxch
,, . N'.TfofffJs %ir Eieirt
Members - S..* V ? . t;j .,
S ' : ?*'-" ''? ?rd i rr?(j?.
? ? . ' ? M , /
[ i iTrn . ?? *.
20 Broad Street, New York
ilranch OfnVe?:
211' ?>M 33d St. New \ork City
Liberty liuildlng, Philadelphia
Ainsteiduin - Uuiiand '
Cotton Breaks More
Than a Cent; New
Low Records Made
Weakness in Liverpool ami
Selling Pressure From the
South Send Prices Doun
90 to 145 Points
Weakness in Liverpool and re] irta
: of increased sellinc press ire fi
South led to a break of more than a cent
a pound in the c? et yesterday.
i Pre-holiday rallies were not only lost,
but all months except October made
new low recor ! -
January selling a: 15.15, compared
with 16 BO, %<> high p , ni if Wednes?
day, and 16 . cli se of Wednes?
day night. That delivery closed at
15.IS. with the general ?? trket c ?ing
barely steady ai a i e of 99
to 145 poi
There was a very sharp declin? ;n
Liverpool over the local : did iy, a::d
m advices publ I hi re befre
tl e open n?r n ire of a
Liverpool ck rig ? |
said that et rta n < ? ?
in d " ? _ to the cancella?
tions or' Ar
? :' c tton goi d -. T i '? irte : I
h was itei
? ressure
nd ? ? ?
of the holders of D
t.g to otices, al
i
This rr i r
able while
i ?I
1 accoun and
' - ?
rarriod activi lint
nel . ??
prices ?? ' ? i a few
point.
? ? .
lat r repo ?? s ? ndioated
an i m prove m e i
tion at Livi
Sou the r i
,, . ? , i
ing m
? i Mid
t at
re u p t o
the clos ;: .; i ' -- D< cember
contracts at New York.
Tl e ca rki ? cotton
was qi iet ai '"'.ver. as
15.85 or mid ?les were re
port? d.
The -a.;.-- ? '
- irsiUy'?
Ol ti. Htph V'.n . -se.
Dec .....16.21 ' ? '">
. .11 j.20 16.45
F? b ... ?'?
Mar ... .15.75 ?
Apr '?
M ay .... 15
1
? ;
l-UK .
Si-pt ....I i -6.00
? let _ 65 1 I! ?''
Southern Spot Markets I : quiet,
.1
bales. N< w Or'.ea er at
rn.nal.
E i i iwer at 15,! :
? ... - '
-, aajea
: . u we,
? "": f:
salea i u le t. 60
: ,wi - e ? . - - - ? ?"" '*?'?
,12 ? sales, 4 .-55.
( orton Statistlca
Tester- Last ?-??*
Tear.
Bcelpti ". ??'!
Exp? ?'i
Ex.sor I.' " r :4?
N. Y. stocks. V I"!
\ i
Interior receipts
do Bhlptm nts . ' . :
N. Y. arrl '
Liverpool t nhles ' ' ' ' "\
18 pointa - . >":.1.
??'? '???.'.
?
'
. ..
day.
March, I1.02d; M ...-?*
Man In ??''?
Cottonseed Oil
The n arkel lor col ' ". *
[ay. o?
??*
r her?
? > f
-
cl? e was 44
was '??>?.?
prompt ?- i I y I
other con
In*, th r. ivas
th re ??? ..--.'
. i for il
'! he ? ..
Opei
Spi t . . .. - -
I ie ?'..'..
Jan_ S 39 9 - ?
??'.?i. . . .
March TV- 7.72
?
Buyers A et Cautiously
In Dud Susar Market
: t?
Futures?Covering by ?hVJ
strengthened itv- market uf:--r ?" '>...,,
imr decline yesterday und Anal prlc*s **?%
SS to 4.1 pointa not higher, *???SK
alightly under th* beat for tha ?l*> ' ,,
IOC?! ?pot market wan up ti? ?s ? I?*
iCantlaui.it an sent D.mcl
in m t\ .-i n ?m ii|? -., ' **
tCtntlaucd on nut pas?)

New-York tribune. [volume], November 27, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], November 27, 1920, Page 12, Image 12 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], November 27, 1920, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924