New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 08, 1920, Image 17

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New-York tribune. [volume], December 08, 1920, Page 17, Image 17
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New-York tribune. [volume] (New York [N.Y.]), 08 Dec. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1920-12-08/ed-1/seq-17/>

Newspaper Page Text

Grand Trunk
Pacific Branch Line
First Mortgage 4's
TtvT 1959 and 1942
Thi? Road is now owned by
tJjc Dominion of Canada, be?
ing a part of the Canadian
National Railways System.
The*e bonds are a fir.-t mort?
gage and arc guaranteed as to
principal and interest by the
Province oi Alberta.
Owing to the exceptionally high
degree of safety, we consider
these bonds a most attractive
purchase at the present low
price.
Prke und complete descrip?
tion upon request
Kelley, Drayton & Co.
Utmbers Xew York Stock Exchange
lord's Cnurt Htiitding
40 Exchange Place, Ye? ^ or\ ( <.{<:
Tclepl - Br, a I ' '91
Safe and Conservative Bonds
for investment
Hollister. White ?t Co.
? ?:.
92 Cedar St., Cor. Trinity Place
New York
HORNBLOWER & WEEKS
: tabllshed 1888
Investment Securities
42 Broadway, New York
POSTO n c :aso
PRUVIOSNCE POHTIANU.ME, U-.T<l_ir
Financial Item.?*
? ? I presi?
dent r -. - fflcl?! Tire Com?
pany, su Cartinel!
.-?:. irthur
Sachs I.. ? irocti r.
Al a ;?; ? r ? ? .,. to ?,.':. le rs i I
tile Oet ? ? ? ??? ny I - pla
providing for ! ? ? ; ? ???"?. 0 - ? ?
lilt ????????? Li . il converti! ? .. ? ' :
bonds anil nt to the com
I ?ny a rtlfiea I Inco ; iration to In
rease tl immon stock b
(4,000.0 Cor the inversion o'l
bonds ?a
The Ainei ??...?? Corpora
: -riorrs s.-..- ? for 5- '-"? re - ;. i ? 1
which sho' froi '.? ?????
: . I eleven
lonths were S ? a rea.se ul
' ? ? fur
riff ] ' ' the preoMlinsr yi ??..
The P pon
.-. r
creas" ? ' ' ; " X o ve in Li
, whlli ? i
ere $113 - - ? ?,-??
i ? . ng per
M
Compa; ? ? poinl ???: ti r ? ??
;eni noi ? : ?.. ?
t he At Ian tri < ' ; .
Henry A. ' ?? iateJ
?rith the ' ' '? ? ?? ' ? '.
Co. as
The A- Rio tl
ieposii
?'.:.'.
'
er.' . :? ? I - - -.'??? i te
..i7r. | ....... - . ?..', -'..M?*.Mv - ? '
he Wei ? -. no:
.? ' id to sa '. r 5
?j Ign ent.
FINANCIAL
PENNSYLVANIA .?. JIAHOXIMi \ Al.l.i.V
Ii All WAY I OM1' YNA
' u r ? . - ' ' -...-..:.,.:. - L* r S
* the F ra ? R Iv ? .. '
' Pom . ' . .
la .'?...?.,. ? M 1,1:
[ ti
rusto [' ro j
?
mil ? ? ???:
ip to 12 ?
- t ? '.' .
?
i Ml'1,1) STATES (IOKl'(.Al.K A5 Hit?;
l O.MI' \ NY
CAM 1 ill BKEH'ER,
DIVIDEND NOTICES
UNITED f Rl IT C?.MP?NY
DIVIDEND NO. 80
?. dividend o!
. '? .
? * - 1020
?. . 11
-
?
...
RAILWAY' STI I I -SI'I'.IN'i < OMPAN?
30 < liur.li Stre? i. Ne? \ ork ( ity.
.. . ? ii ' ?
.
'? ??.
. ?
'
- .
'
? 0f ' '' ' '"
in? United Gas Improvement Co.
V YV. COR. BROAD i \t:< U STBBETS,
I
?
-* "? ' one and Ihree-'iaar
?'T. ;^r cent (87'Ac wt ?th >'?? i
,"' : ' ' ' : . , '.?.;..? ; '..???
?'"??roher 15, '.:>:'>, ? : . ? i of ?'??-. <"'.
? ? ?? i
: .
'....., ?. .
! W. MORRI1 Treasurer,
KELLY-SPRINGFIELD TIRE CO.
. ,' '..-.'- ollar and
'J ? *: ? : r ? ? the
?? ? ? ...
Jai ar- I
.... ...
? ? I I
'? i- I i : :;;.':' ?? : I >,
? -. ? II") I
?
.." I PI
? er than De? ei bei 24th.
GEon ;-.
. ' '
' ??pan)
:< ?
'?'?
?I } KRO?BB
NATlOVAr, MCOKICK ('OHI'**"'V.
.^?'?y.-- KHI'.K?j ?' '/;. '.'.-/ '
, ? '?? ??* i . ? ? .. ? ?? , ?? ?-, n Of i '
2 "?;????-... ... . . ,, ?? (?.?
** IW? 4( ' ? . , . f - ' :. J ? ?
'' ?' ;?/-. ? H?Rl?Ri?OIE ?: r?aimr?r.
>
Lelii^fi Operating
Methods Changed,
Says Pros. Loomis
Vetiou Taken lo Conform
to Court Decision in I)., !..
??V V-. Cuse Since Present
Suit Began, He Asserts
I'lie Lehigh Valley Railroad, accord?
ing to K. t.. Loomis, Dresident has for
the last four years bien operating its
ecu] properties in conformity with the
decision of the United States Supreme
Court In June, 1915, against the Dela?
ware, Lackawnnna <? Western, fn that
decision the Supreme Court held that
? h ? ailroad's i elat io.iship with the Del?
aware, Lackawanna and Western Coal
Company was in violation of the com
rcodit :c-r clause of the Hepburn act
i i '? the contract between the two coni
I an c con it uted a i lonopoiy. A de?
cree was entered enjoining the rail?
road company from (urthei transpor?
tation of foal umler its- contract with
the coal company.
In commenting on the Supreme
Court's decision thai the Lehigh Val?
ley must segregate its coal properties,
Mr. Loomis said yesterday that rjone
of the testimony relating to the con?
duct of the latter for the last four
years could be submitted in this case,
as the government suit was instituted j
si\ years ?fro.
Mr. Loomis also pointed out that tho
Lehigh Valley bough! most of its coal
properties in 1875, or befor? the Sher?
man law was enacted. U>- declared
thai one third of th? coal handh d b;
tin railroad was from the mines of iu
% i endi nt operators.
"It appears," Mi. Loomis added,
"tl at we have a busy winter ahead ?.r
us between studying how to form eon:
binations as the new transportation
act provides and to break up combina?
tions which have existed more than a i
quarter of a century, but which fhe '
Supreme Court now declares a monop?
oly in restraint of trade as the result
of*a sun instituted six years ago."
Official estima:'-: of "the amount of
unmined coal on the properties owned
by the Lehigh Valley's subsidiary corn
pan ? placid the total at between
R00,OOO,OU<> and 1,000,000,000 tons. An
idea of the present worth of these I
properties is obtained from the pr?s- ?
? .:t selling price of coal at the mines.
I ich is $8 a tori.
1; was ?aid by company officials that '
it was still too early to discuss the
nature of a probabl ? dissolution plan,
but that, it' the court permitted, the
itock of the coal companies would be
turned over to the Lehigh Vallty Rail-!
11 ad stockholders.
The Lehigh Valley Coal Compariy.the
principal ! ubsidiary of the railroad, lias
outstanding $9,456,000 stock or S50 par
value and a ho::.led debt of $11,683.000.
Last year the company earned a sur?
plus before dividends of $3/07,876,
equal to about 35 per cent on the stock,
'The profit and loss surplus on Decem-?
bei- 31 lo ' stood at $10,600,61 1,
Coxc Brothers & Co., which under
tri" Supreme Cour s decision must
also be separated from the railroad,
ran ed 44 per cent on $2,910,150
outstanding (par value $50) and had a
profit and loss surplus on December
31 of $1,085,080.
Harahan Heads C. ?X O.
-V. J. Harahan, of Norfolk, yesterday
was elected president of the Chesa?
peake & Ohio and the Hocking Valley
?1 way *. He succeeds ; 7 '?.' ?
' ? orge W. St? veni . M r. Harahi n a
ii '.'..* of *' e Seaboard Air Lino
Railwa; until he ?oined t he United
States Railroad Administration durir .-.
?? war.
Dividends
I'V.'I
II-ti.iUn I'owtlrr Coin pun.- ra
ilivitl? ?! .''.;?? i -. .. . ??? ? I??-? n
I, ' ' ' :;'-..
? r- ???.-.. . 7 :.?! o' - ;? .- both ]
?? ? rnli? r : i r. . si cl.ho lern i :' ? :
IN ?;; nlir 1 irilnral ions
I ?? ?o?l. Pnyabi or K? ?
.? ' ?..._.'. ?>-.\ l-'.'Ii ; i>.. ? . ;
? ' .*. ?
??: ?. <-.%' \ .??/. ,-r it.il
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-
" . i . I ? : : . ?: .Tun ' '? - V.
r ..... 7. ' ? I i ? ?? ::.
o pi ; . . ?; lu i ? ' ?
.?...?::.'. -.;???
In t Tr.-I ? ' ' ' '
Slocks i*.\ IH> idend
... ? ? . ; . " tnt
? ?'"-. 10- ? ?'.- an Toba ? " . ' '? ??
:??-.! 0 A- ,. ? ? ; ? S. ?? S.
??? . 7 i . . .'. . .. "4
? ????-. : . r7 . ? : .? ; :. x
Co., 1 !0 ihar? . . ' '4
1 ?*
:... : 0 ..... i ? 1 v . 1
;??.:- !o n J .;
. .. . ?? ?:. - Co. . . ?
? ?. r Vail :? P?y
;.? : ' M . Ii ..:??'? . 10c
Dec. ...'..-.. I. ? 7 ? .. 1V4
Dec. 10* ! . ? ,,.;>:,!'. V. ...,:- & ?7 . 1 ?*>;
10 II .-:. .r.;;?"??? ' ?''? ' ? ' ' '?
1st pf, t. i ... : \
D*i .10 1st pf. v. t. c. acnes
, ' . i -. ? ?
' ? ? -,.'' !. ?-. ' . " r .? r.-, .
.... 7 I- ? - . 1: ; i rj-.itfai ::
Pi . ?
':??..?
10 lo st . .It
I '?'.' :. '
?;..:.. 11U III .'?'.;?.
H'ri: I ; * : j
?: 1. - ??? <
\ & l.thr Co pf. .
??'... '''''I ... 1*4
!.'? live Co. . .
1%.
;-':??.':. ? ?
r i ? '.,..
nhv/ It ?
' ?' ;?'
? ?.? ' ? ' ? CiilUh.ii
; I ? . : '? . ' ? :
Un-ll'-ott-Juhu i '
?
: ?? ? I'laj . ? ?? ?
(Juif S S Un. HI Ti clin I ,7 : .
7 i lei L K it ? " l?--a i .:?? s '
? : ?..,.- I - ; ' ; : ? ' ?*
?... i ,iont ? a Power Co . . 94
,....* t?o pi ? ;"?
.7, ? .*:?:. i ? ' C ? \) ','. . -4
do [.t V T C |il. ;>
;. . i]& L i :. ? i ' ? .1-4
; ..... ,-, ,'iirth Ami-rlcHti Co IV?
public I ? Co pi ? '. \
? I . .'?.'??,.fe CO pi ? ? 1 -4
?,<,<,. H ? ? . Kapl I Tran I '
> o pi .... ???
-, Pi 4
?? ' I'iipc-rb ' - Inc. utk. . I?J
Equipment Bonds
(Q Ifd on Incom? p! enl SB? b? v.?. )
?olma Rato. Maturity. B!-l. ? ik.
Bali & Ol lo... 4>A 27 ?' ' ? 7 1?
.... r, .... 7 21 '30 7.2.'? ?.T?
>r ? . * A . . -.', :r.-0.7.0 7.00 6...?
?, ... . R f, ?? 4iA.| 1921 '33 7.2S ?.S?
,6 '? 7.10 0.01
. ? :? , oo e.so
* r. :,.% :?? ? t ??: ? k.oo 7.?0
c ... lian Pac. ? 1":M7., ! !? 6 "'
< <?
I ?21 '.' 7.10 ?.?'/
Che. ?? Ohio 6* ; 8-76 ???
r r. j f C . '. ?? - L'J20-'S!. ? -5 6.?6
chi & I '?'? - i ? - ? *? o"
( -r L * N O I ? ?20 ' % ? '?
!.?-. f.- Hurta? n. 4 Vi ?. ' ? '; \\
t.... 4,. s !?.-)?'...' "i i-> 7.M
KrUco ' ??' " ' "'? * ^
m contrai . 'v, ? I! 2? '-7 7 00 ?.I?
6.86 ??4''
4 V r? i 6
C. Ha * Naah. I l?2? :^ 7 ^ ? lin
?y. h Central. ? *...,?? S o
1381- '30 7 10 ?.It
V.
IS',
? ?- '?' ' 8M. ?? , ?- :?"-.
?; 10 ?i l,%
I3?1-' ... ?. 10 ?.S?
i -... ? .. ? -, ;i ?i t ; ?
. ?. ? 7.SO ?, ,
*"',.;, ' ' ' 7 ' 30 7 10 ?i t,9
y; T ? Line? , . ? !?-'-? 7.00 6.b0
:. * -. i i?.. ' -.
Oo . '
H r ( ??,-;. 4 .
a.
N I N H * II, ?'? ' ? ' ' :* " ' ' ' "
Pac Kr tBxp.. ' 7 ' *-g5 5*i!
: ; . ,,r, t (u 1920 "- 7.09 ? 40
Put. r L ?'.. ??ei [i*? ';,:: ???? ????
p.?adlng ' ? ?
i.
?lo
27 7 00 ? 4 0
Bl?ard . .4 2 -. I > ' - I ? '-7 00
pa 4 ,. . 0 : i 7 2b ? l?
?/ 1934-'2S ?.Al ? I?
Ko ,t(5*?rn l'y < ? 5 1920 :'' 1 :,? ?*?
Union PM-ino 7 1924 ai ?.7? ? J?
i Union Ta- - 4 V. 6 1930 7 "0 ? 90
I v ,...? ,?v . -1 1921 '?O 7 "'. . JO
Investment
Information
Questions of general interest f in?
v?*tar$ ttnll be answered in this c#4
um,t, in which case only initial? will
fcs used. Others will be answered fcy
hieii. Address all inquiries, tr?a?M
ing a sto.mped, addressed evvelope, tm
Financial Editor, Th? Tributie, 16i
Nast.au Street, ?\'cv> York O/fc.
Bond Should He Bought on Its Merit?
Question- N'.'hat information can you
prive me Iti r?ijfird to the safety of the St.
.Toseph & Oranrl fslaird first mort'gaite
bonds, duo 1944? This is a small road
; and the stock Is practically all owned bj
the I'nlon Pacific Railroad. These bonds
are .""Hing from CO to 66. Considering the
lo? i? ce and o'ly twenty-four years to
run, pro they n&t ;i good investment, in
tsinuch as the Union Pacific owns about
00(1 y. tho $13,500,O?O capifal ui
ol the ruad V?C. M. G.
Ai.ower St. Joseph & Grand Island
first 4 per cent bonds are ?ecurod by
first lien on '258 miles and by deposit
' of $126,000 of stork of the St. .?oset)h
Terminal Railroad and of the St. Jo?
seph Union Depot. The Union Pacific
owns 70 per cent of the stock of
the company. This in itself does
not mean that the bonds are sound.
although we believe the mortgage
is secure enough at present. The
fact' that the Union Pacific is in?
terested in the property would indi?
cate that there ii a close traffic ar?
rangement between the two roads. It
?s our opinion that a bond should be
purchased on its merits and not be?
cause of the interest of a larger cor?
poration In the property. To be Pure,
a guarani?, by u strong corporation is
of benefit, but the; o bonds are not guar?
anteed.
Bom! Is Good, Problem Is Individual
Qucsl .-. ? Pleaso (five your opinion of
the Anaconda Copper Mining Company
urolil bo'.-ul.". Serlesi U, 7 per cent, 1929, a? a
-,' ?: I'Xtment for a small investor, say
$1,000? Ii, A.
Answer The Anaconda Copper Com?
pany 7 per cent, bonds are well secured,
in oui opinion. The collateral consista
of stocks of subsidiary companies and
incomo has been ample to caro for all
charges and leave a- very fair balance
bi aid v. Of course, as you probably
know, mining securities are not rated as
high a?? many other corporation securi?
ties, owing to the uncertainty of the
business: While we regard these bonds
as safe, at the same time much depends
upon the proportion of your $1,000 to
your total capita!. If it is large we be?
lieve you would do better with a bond
with a baler rating. You might con?
sider Boll Telephone of Pennsylvania
7 per cent, 1945, and Westinghouse Elec?
tric and Manufacturing 7 per cent, 19111,
F
irs Dire Things for New Haven
'?'????? ri Will you Rrlve your opinion
of th.' condition and prospects of New
. 5 ,".v Haven & Hart Turd Kallroad?
! ' , you thinli a recclvi '-."hip likely ? ' low
this uffi-i t ' lie 4 per ? enl ilebont ure,
" ',V oilo1 roceli ,? .- bond i be Issue
? ,??.,. chai ce tin ' hin obligation
?. ouid ! : Kid ru A pvli, i ;i .: '.' \V< uld
? luers be ass' t.n?'d o ?imply lace
. iirt her decli ? In 1...1.... t value .' -T, I 5
Answer We cannot undertake to pre?
dict the future of the New Haven road.
Recently counsel stated that unless ad?
ditional rale increases are granted the
road could not pay its way. On the
other hand, it must be remembered the
law states that the mads shall receive
ates ns will in tire opinion of the
lnl ? ate Commerce Commission show
.'. return of SVs per cent or 6 per cen?
tl ? ? property valuation of the roads
.vithin ?. certain group. Numerous firms
have issued statements showing what
ercentagc should be earned on the capi
tal stock?. Do nol forget that nearly
e .
Qult<
road in the country has immediate
of new equipment and repair.
naturally, if New Haven went into
; t?: . ) ?hip all the debenture bonus
oiild be ndverselj affected. As to
assessment, that would depend entirely
po the needs when reorganization took
place, When new capital is required the
place to look for it is to the owners.
And the owners arc the stockholders.
This does not always mean the owners
?'."?? acros -.
Seeks as High Return as Possible
own ii..?????' ,.i ( /... French
. ? ? . ?nt ? per conl bonds, bul owIiik
tli io'i, f c nd!.: ii i . no! s a: i? ii 5
in-1 the pro) ?:? si curlty r r i...
. . ,'. Ill iou h ?food enoucli lo
? .,'-?,?? . ? ?oil In ? ? .-.t. ?"??? fur tho r.'i.?O?
i ? : . : nils'.' I : :? : of n . .
.?'..... ??'?.?!...''. r I urn n.i
time ha% e an
?:? ?? ed i? i ' . II. !?'
*, ? .?'?? If you feel nervous about
olding.3 you niighi consider the
[lowing, ull of which are high grade
? . ? opii ion : Hell '1 elephone of P inii
; . ??;. lia 7 ;? : ceii , 19 ?5; Canadian
N'orth m .: ?hi mu? ?'. 7 per cent, 1940,
guaranteed by the Dominion; Illinois
.? i ' : ? '?; per cent, 1940, guaranteed b;,
l ? . -d . ?.,' Steel Corporation,
and N.-?::,' I ? "?:.? and Tele
er i nt, 19 ill. 'i'lur yield on
i issues i ?. ??' over 6 per cent.
Diversification invariably Desirable
ICimJi; : i your opinion
t hi foil ?w . .,?? : . v. idow'a invest -
n.em !'?:.!:? :? , ' ::>::?;. [lethlehi m
?'..-.? .'.??? lean Supar Ko
. .. - ' : paro ? ??-'??? ? 15 Ii.
A '.. ... I hi three issues are
ouhd, i . our "j?!;: ion. Much depends
?m total amount of your capital.
: ? . ion is of great importance.
!'? rhapa one of thi steel bonds is suf
cinnt. ?i'ou n gli . institute for the
r . American Telephone and Tele
., pi r cent, 1946, or Montana
? ? ,' ompanj first 5 per cent, 1943.
Submarine .Boat'? Bond Holdings
Ci , . : ... cl that the Sub
?narliii H ' |.oration owns $16,194,012
? hey , ..?i inore I han
SI per ai ?? '.' 11 the r'.rt'ires
you i onslder it a Rood
eut to pul moni y Into It at the
o ? ni ? ..,? pri e ' -il. W. H.
An ..?: The Submarine Boat t'or
pi rat on is ties its earnings statements
ce i . ar only. For the year IP 19
th? b; anee sheet showed, among cur?
rent a- ?-.., $533,610 Anglo-French
bonds and $15,660,613 Liberty bonds
and ( nitcd States Treasury certificates
a market prices. Assuming that the
yearly income on t?rese securities was
itbo'ir. 5,55i,000, the amount would bo
equal to about $1 a share on the stock.
?' do not regard the stock as an iu
vestmenl ;ue, although it has valu?
able . sets. The :;}u'ir is sensitive to
earnings, and the shipping business
an uncei tain one at best.
High Yield Stocks Should Be Watched
i . . ,.? ,'. Ill . iu Kivo mo your opinion
,'ins locks for a man who has
red ?? ..... : : .vhlch he wishes to
I eei infelj Kelly Tire 8 per cent pre
I'ii ? Ari uw '- per cent preferred,
. . . . -, per c '?ii Pi eferred, ISndl
; , en! preferred and
;,. n common? J. C. 11.
Answer We should call tho stocks
you mention business men's invest?
ments, oxcept Endicott-.lohnson pre
, ? r, ,?., winch ia entitled to a good rat
,. ... The others arc not of the best
grado, although all, with the exception
of Endicott-Johnson common, have in?
vestment merit. The latter is specula
.,-, because it is more sensitive to
earnings. When you speak of invest?
ing safely you should remember that
the safest issues are those w-hich arc
so well secured as to both principal
and income that they aro not easily af?
fected by earnings and other develop?
ments, Wo know of no present reason
,?; v the dividends on those prcforred
stocks are not safe, hov/evcr. If you
watch your investments closely wo see
no reason why these preferred stocks
ar<' not suitable for your purposes.
Four full column? of in?
vestment questions and an?
swers are published in The
Tribune every Sunday.
'?? Prices Again Sag
In Curb Trading;
Sweets Is Active
Oils Generally Heavy. With
Small Declines in Many:
Asphalt Turns Weak After
Goo?Jl"Di?pIay of Strength
Tha curb market turned reactior.ary
' again yesterday after a promising dis?
play of strength and final prices were
i generally lower, although in. most
i cares losses were fractional. General
Asphalt weakened a'ter a small train
and ragged to 40Vi or. the final sale, a
not decline of l?i point?.
Sweets, on the other hand, ruled
firm-and was in ?j-ood demand moat ol
, the day, with i-.n advance of % on the
final sale, pushing the price up to 2Vs>,
; a !:i*rh for the movement. Tobacco
Product;* was under pressure and lost
''J nnints at the tina! price of 8. United
1 RetailTiahdy held fairly steady, clos?
ing at 8***? net unchanged. Hercules
Pr.pcr eased off a point from the early
? high. ?
Oils were heavy for the most part,
International Petroleum declining
fractionally to 17.on the final sale.
Simftrs "was off % at 7% and Cario
| .Syndicate broke under 10, closing at
j 9%. Maracaibo registered an advance,
however, and closed nt 16.
The mining group was quieter, but
bonds moved inure briskly, although
price changes were small and unim
? poi tant.
I nduHl r?a1?*
' SrIp-i ' "Open Hltrh I nw T..?.- '
700 ?Acin ? ' :?.ial . . > '. 1 ?? i !? 1'?'?
r. no ?Aetna Exp . . :? ' \ '? '-.. 1) 4 5 Vi
500 *A II it'll I'H-rk . ?'? ** : ??
200 ?Am Hawaiian 45 45 4 ? 45
200 Automatic I'l. OS 68 '!T 7, C7 ',
8 00 ?Br-Ajn Ch ("p '? 5 4 "a 4 7r
3000 Br-A m T coup 12 12*' 12 12*.;
: 1000 ?Mr-Am T re?,'. 12 32'/? 12 lfe'i
500 "Car i.i ft r. :'. 't : % 2 ;4 .: \
2300 ?Chi Nipple. . 8*4 S i; 8 8*i
1 Of. *Clevi Auto. . ?17 47 4?! ? . I :
' 3500 ?Crude ? "h oui l'a l ", I % I'i
500 ?Kmplre T ft S 18 Va IS Jr, IK ?... IS'i
:;',,! *i.-arre!l Coal, lit 1?; 15 ?i ]5<,'.
2 m ?Farn ! CI to' 66 65 C I 65
; go "Oar -.tor Mir. ?O7,? i r i6% it
200 ?rtarlnnd S S. fi ?i 5 ?"? 5% *,
' 6000 *Uen Aephalt.. 4 2 42Vi 4" ?0'4
6000 ?Goldwvn l'lct ."? 6 -I ' ? 1 'j
400 ?Hall Slunal. . .7, 3 '4 3 *., 3 -j.
000 "lli-irui-.s l'np. 20 20 ID 10
(?00 "I !>.-.-?l-r, Chem 3*? 3 ti .'; "?, 3 '4
400 rmllan P?o ic. . 3 '?? 3 % .: ti 3*i
2O0 ?McKay Co 11 I U " ;? 1>.? 1 ?.'
?ill ?Line Mo al A 2.1 2.1 20 20
lfio? ?Mercer Mtrs. 6 11 ? '-4 D 5 W
2?)0 ?Munson i'u:'. 14 .11 11 14
200 No Am P ic.- P ! '-j 4', 4 =i I *??
700 Perfection Tire l % l'4 1 'a Ws
600 ?Radio ?'o ?'?'! 2'i 2 '4 2', 2'i
iO'iO * I!:t Co pf VI I 2 '-. 2 \ 2'?
:'?;;. ?H*,?/. Van R p C ? ? " 60 00 " 60
200 ?Knckawy R M : f. -t B G??
100 *Royd.c F T )'. ,7? : '., ; ' ? .. ".,
200 ?Stand O ft Kl 10 Vj II 10 % : !
100 <-.-rtitr.il Gas pf M ?- '. 33'i S3',; 33*.'
7'.M'.-1'Ols of Am 2**a 2*>?, 2% 2 Vi
; 10 ?Tob Prof Hip ? '?. o'?j s
700 ?L* ?? R M ? n?: - S '.-j 8Va 8 -4 S :
200 ?Un Shipyard . I r
300 1.1 S nistibutllB 30'?i 30'/, SO 30H
200 r H fillip Corp 2 2 2 2
0 US Steamship l V? ' :4 i1, l " i
;?:..* o Wayi ?? i : ,. :. . . '< i/t .. ;, ?? ., ?? y
?Jini ?Willys Jr?! pf. 31 SI 2S 2S
Standard Oils
D00 ?Anglo-Am Oil 10 m ? - i.:, ?s
10 ?So Pa OU. . . - - 250 2 ) ' 250
1 56 ?St OU ri lai) . ? 323 320 32 '
. I "71 Oil X V . . ? 305 357 357
Other Oil,
500 10 ?tAUied ?'7.. .15 17 .1
700 ?Atlantic 'i (i 3V? :? ?,
2 "00 ?IP,on? t ?il. . . . !. % 1 7-, ; ,
(Cantlniiod on next pn?r)
Treasury's Biggest
.r ~~ i
Financing of Year
rW
To Be Done To-day
, ..?-?. ... ?.??
I Government Will Borrow
$500,000,000 for 6 Mos. I
u f 5,?/i P.C. and for Year I
at 6 P.C. : Rato Unchanged
The Treasury Department undertakes
to-day the biggest piece of financing in
? more than a year in a new offering of .
$500,000,000 or thereabouts of sis
month and one-year certificates of in?
debtedness. On the six-month maturity?
the rate ? 5??i per cent and on the
ore-.vet,,- notes 6 per cent.
These are I e same rates which have
been in effect on these maturities for
several months. The action of the
rreasurj n iking no change in tiro
interest rate on its borrowings occa?
sioned ;.:? surprise in financial cir?
cles, where it was believed that the
easier money position would bring a
reduction irr the rate on any pew
Trea ur; issues. Federal Reserve Bank
officiais said, however,, that the Treas
rry w;is endeavoring to meet market
conditions with tha new issues.
The new issues are 'mown us Series,
TJ 2-1921 and Serie?- TI) 1921, respec- ?
tively, the six-month notes maturing
on June 1,5, 1921, and the one-year
r 3SUC on ? lecembei 15, 1921.
The certificates of these series will
be accepted at par with an adjustment
?if accrued interest in payment of in
come and profit taxes payable at matin-- '
?t ? of ce r tilica ter. The certificates of tho .
six-month issue will have one coupon
attached, payable at maturity of the ?
certificates, while the issue maturing
on December 1-5, 1921, will have two
coupons, pavable on June 10 and De- i
comber !5, 1921. '
Treasury certificates of indebtedness
of Series I'D 1920, maturing December
1.5, 1920; of Series A 1921, maturingJan- ;
: nary 3, 1921, end of Series B 1921, ma?
turing January 15, 192!, will be ac?
cepted at par, with an adjustment of
accrued interest, in payment for any
.certificates of the Scries T.I 2-1921 or
'I'D 1921 now offered which shall be,
subscribed for ?nd allotted.
Asks to S.-ssie Bonds
1 WASHINGTON, Dec. 7. The Cen?
tral of Georgia Railway Company ap?
plied to-day to (he Interstate Com-!
merce Commission for pnimission to
issue $60,000,000 in refunding and
genera] mortgage bon?!?, ? il.000,000 of
?which would be used to r, nbursc the.
treasury of tire road and for addi?
tions and betterments; 534,462,300 to
refund a like amount of pr.r value of
prior bonds, and !?>17,537,7?0 tur the
purchase of new equipment. Th?- bond
?would be dated April 1. 1919, and
mature April 1 1959.
The Delaware ?r Hud >; Railroad
Company asked permission to issue.
common capital stock to the value or'
$9,631,000 to be u led to convert $14,
451,000 worth of ?5 per cent" twenty-:
year gold bonds issued in L915. Con
? version would be on the basis of ter?. ?
shares of stock for $1,500 worth of
bonds.
At the same t,m the Detroit-Toledo
Shi'!-,' Line Railroad Comoany asked
permission to increase if- common
I capital stock from $1,5CO,000 to $2,
500,000.
The Day's Bond Market
U. S. Government
Tru'.MM.ftlons
do i.,. 4 lis, 1947
(lo : - id 4*is
do 2d ?! '.,??'. 194::.
5.0 '
Quotation?
5!-5. '
. :i".",'i fio
. 85.1)0 8
rhge.
. :. 4
i
lul-t'd t
1st 15
L'd 4V,
fi ! 00
8 i . I
94 00
gt! 10
' ' ' 0
94 Oil
Rii 0 2
S5.i:
4 :..i. . . .'; .. : f, si.i .: s -. :
4'i H. . 85.68 85.4 I 85.!
4:-?i?. !? .61] 95.50 8? :
? . . 5.5.85 >.' "?..' 0 055!
Hid and Asked Quotations
v.- .'..-...??? Mo
,0
il
.SI'
i
2d 4:;. 1942.
: ? t .... 1947,
2d 4 ' : .-. I 04
3d 4', e, 192?
4th -? . ? . ? 938 .
Viet. t',/. in:
do 3 vis, 192
!'; ? - (Ta r
"' r g, If 3 0
:.s , ou i, an.'io
3 rear, 194C.
'?a coup, 1946.
4h re?, 1921
...! i .u;,. in: :
. ? ?, ? r,0 (1.1. lu Cd 85.40
\ 0 4 'n Sf 10 s'' 04 rm? . 0
fi ? ? r,. u '..",.? ,, ,-. <?:...?
SX.OB?t'Si i Si ffS?. l'i
. Si ..;;,( .?? i, -,. , 4 ;. ... i 8fi.fi ?
"J '
' " '?
8'.'
,104
2... l'an r, 1936 .
t.M l'an c, : itis.
:m Pan r, 1938
3s I'm. res . .
:?? Pan coup . . .
l'hil 4.-, 1934
i'hil 4 s. 193.5.
l'hll 4s, 193G
....
92 - ,' 9 .
n? r, i i i o 4 ' ? m
IOS \ 10 1 U W107.U
101 ., 100 ?? i-,! .
;?',: \ loo i?,ioi ,
101 >< 100 S'flOi -.
0 ??' : i5 '.
? 1 (? ;
? si
i> o
Fore
19?
? :
1 ? ? S2
* j ?< ?
-;'.;? 8 5
s ; ?.j ?i) y 5
95 @ ?
isrn ?iiiv'i and Municipal Bonds
(Intercst To Be Added)
I ? . . i ' . r . . ,!
City o? i 'hrlstlana .
City o? Zurich.
Argentine l nternal : s, 194.',.
Kingdom or tieliiium 5.<, 1921
do
6s, 192.
98-%
! i >?
90 -'i
. 1 -I!
; - ? j
Canada, Dominion
do notes, 1921,
dO 19 2b' .
do 1920 .
do 1931 .
Chinese t'ovt liu ICuij Ry in,
Cubu Extern 6u, 194 4. .
du (,.?, sei lea A, 1949.
?I?, 4 Mi a, 1949.
: ) lomlnlcan Republic 6a, I til ? .
City of Lyons 15-yr 6a, 1934
City of Marseilles 16-yr 6s, '4
'.'ity oi' Bordeaux 16-yi 6s, 5.1
i Copenhagen 25-yr 5Vss, !j\\
French Govt 8s, lat Issue.
1 French Paris City 6s, 1921... 3 3"i
Oovt of Switzerland Sa, I940..102Mi
Japanese tiovt 4 ;,.';, Bter In '25 75Va
do 4 Hs. 25 series, 1 925. ?-.
du 4s utcr In, i 921. r , ;4
do Tokio city ,'?. : 925 .... 45 >.-.
I'i. Kt tit Ur ,'.? i 5 yr . '??..; '21 98
do : '? r 5 'js 1922 . 25
<5? 10-yr 5>as 1929 . ? s ',.
do 20-yr 5 '.-s 1937 . 83
Mexico ext ster in 5s ot '99, 4.,. . M ? ?
do KOld 4s of 04. 1954. : 4 ?
Kingdom of Italy d-yr 6 '??., p o
100'
S 4
7::
100??
94
102 %
. 5 l,i
i-, '-j
ICOld bull'is.
(Sales)
Argentine Q ts
1.000. 7 0 V?
Chines?: lty 5s
1,000. 42Va
6,000.4I?i
1.000. 11 'i
City ?>i Iterno hi"
t-, n.Ii ri is
2.000. 35 Va
6,000... .95
City of Christiania Sa
1.000 . . 98 H
City of i loponhagen
1.O00. . .
: i 10
9,000. .
i\o 5a 1 921
20.000
6,000 .
do 5s I '-'?
:.o 00..
8,000 .
<io 6a 1931
|,0 0
:
!0,000
3,000.
1,000.
30
J P
City of Marseilles 6s
1,000. 79-?,
City "f Puns 6s
30,000. 9 4
14,0(0. . 94
i I : ench Rep
, M rets
: i
4, 7,000. . ... .P
1,000
4,000
; 2,000.
i 1,000.
lia i?
: u
.100!
i' n
:
o.
9 3 ?
4 5',
t.000. . .
10,000 . .
6,000. . .
City of Tokio
1.0,10. .
2.000. . .
1.000.. 4.''.
CU y of Zurich 8a
2.00". ') ? >
2,000 ... Dl? ??
3.000.'?' ' :.
Dominican II 6a
1 (Kin .
Dom Canada S'/jfl
note? 1921
19.000.98 \,
17.000.98 ?<i
do S'4? 1929
2.000. H9'4?
100'
r 1 u. n d
;. 000
.
?
?OV O?*- ?3 ?
? r Hi
1,000 ' ' -.
', 3,000.I ''-' ' i
1,000. :
l.ooo.. : "?.
Isp lut ser 4 'j-i
I,no?.
I 1
i ii ,i.
7 5 *t
; I :
: 6,000
8,000. .
1 non
x 2d ."-r 4 '^.m
1,000.7 ', !i
60.000, . "??%
?,000. 7RVi
4, u 9 0. 7 6 U
MlOO. .
..000
UelRiun '?
IP Mr?
iba .
1,1 00.
' 0
V Cil ? -i
: -
?
?
r-. 4 v,s i:
lo 4 m s : ?
Raihvav. Othe
< .orporattons
111
. m_
. \* i ?!.'
? ?
,- ?
? ,
I'? la J !>
1 7 ? ?
.1017-6
. 1 0 3
.102
: '
87
. Tuhau
. '.'. i' H
I
.
?. r i
???
o
' F
-.s ;
?
| : . | ; .
...
: a D00
'?" "' ' ,
? . ' ped
i -??. o o o. : - ?
klyn r i:,.. . -,s
4.000
E?roi .-.???: i ?as 5s
2,000. . - :,
Buf II ., p .?, .. .
2.000 . , -i ?e,
Callf fin . ifl"gs "
1,000
. S3 M
c'.
?n
ni
1.0 00 7o
I, o o n
flo ?lili r ? .-.., . ..
5.000. 7 ? i ?
..... Is 190 0
?.000 t ?
Ati & c \ r, 5s
C ''
1,000 l'oiv",
[.000 ? ? ? '
entra] ' ithi-i
2.000
-.- .
' 000.
'
2o,r .i
2.000
: ooo..'.'" ;
' Mue
? h ;
i%oo
hi.
cvt
?
4*!
do u I -..i r '
do T. ,r ? ?
'
7 *
Pru ! I ? -
Palt'ft . ihlo Ga
l. ooo ?! :
" 000 % r
dO r* ? ', '. g
2 loi .671
?4
S 4 M
84^
R t ...
8 1
7 I Y
." i *;
r.:.. i i.pnor Us
-.'...
? . . . .
'7. .' ? ".?: rf'g
6 s ' ;
' l?
5.000. .
' .
'
i I
n i ? '?
- ooo
2,000. .
H .. ? ' B,.n 4.?
' 0 .
i ooo.
10 000.
1 C r i
DS?4
01". '.'.
0*t?J
m; 4
D8*t?
Carrying on the Work
of a Charity
To see the development of*
charity, to watch its grow?
ing power for good, to aid in its
maintenance, and to provide
for its future advancement, are
things which are dear to many
men.
If you desire to accomplish
these objects, the services of
our Trust Department can be
of great value.
By creating a trust now you
make your intentions effective
at ?nee, and see the result? **f
your benevolence during your
lifetime, without giving youf
personal attention to the details
of investment, reinvestment or
administration.
Your benevolence need not
end with your lifetime?it may
be continued when you are
gone, carrying on your philan?
thropy through years to come.
We invite you to discuss this
with us?at any of our offices.
Guaranty Trust Company ot New York
Fifth Avenub Opfics
Fifth Arenuc ic 44th Street
140 Broadway
M.4D!50r*l AvENUI OfFIC?
Madison Avrttsuci 60th Strc?
Ghawo Stueit Omet
26S Grasid Street
Capital 5c Surplus $50,000,000 Resources over $800,000,000
2,ooo.s30f.. oc?; 10,000. :
do Joint 4s reg , 1.000. '?
31,000. 96 4 i Illinois Central 5
C ft Erie 1st 5s
1,000. 77 '
C Ind & Louisville 6s
8.000. 1.1 |
C M ft St P cvt 5:1
K.-r I,
1 O.O00 .
20,00.1 .
17,000
3.000.
? evt I
5,000.
7"j0|_
10.000.6S
::,ooo. 63
. .000. 63
? rfK 4%
2 non. B9*H
. ? 00
2,000. ',,-%
07
6 a 4
4,000. 19
2,0007. . . !0
1.000. 7'.i ?'(,
7 F* r 4s ser A
15,000. . 68
1,000.63''
a o :.'-,a
1.000. 58 5'
do 4s C M ft P Sd
3.000. 64
'7. ft ;?; w ', s temp '
re?-i
1,000.IC i
18.000.102%
do net- 4r; stamped ?
! ,000. '.i'-.
7,000. 904
R.ooo. 004
"7 o r o.9 0 %
!'.000. 904
do 4s 1952
1.000. 71*4
do 4n 1053
2,000. 67%
5.000.68
do c St I. ft N O
Joint 5a
2.000. 84 %
5,000. 84';
Ind 111 & Iowa 4"
5,000. 74
Interboro-Met ? '?' s
1,000 ... 7
5 ooo. . .15',;
25,000. 15
do ctfs of deposit
17.000. i :i
2,000. 1 " ' ;
::... o o o. i a
9,000.1 3 %
In;? rhoro It T rfg I s
4.000
'100 .
51
1,000."v
, .'"".1 . 50 '?-,
I,OOO . . . 50%
v 2,000. : o
24,000. 411
40,000 . .
: i
< n ?
3.000. ...
: i 5 s 1921
10,000.
1.000.
1 'hica i-'., l'v...-.
:. 000
74
? ?. 7 '
no |
,-:l
Oflf
0 0 7,
'-.000.
I . I : ? .
2,000.
700?_
it I ft P RPII 4
7.000. 71
1,000.7'??"..
- o rfK Is
17,000. . .65'
5 4
5.000 . .
' . ""i.
l.ooo. . ,
* 000.
* 0,000 . .
12,000.
'..'.000 . .
10,000. . .
In'. Mer Marlr.e 6
3.000.
1.000 s30f .
: o.ooo.
K C Ft 7 ft M (s
5.000.
1,000.
7 o,io
7000. . . .
I Kansas City ?
2,000. . . .
2.000 ....
: roo.70?4
? do ',s
14.000. . . 52 ?i
lo.ooo. . .. :.',
l.ooo. S2 "N
4.000 .... 52 *-.;
Kan City -j-erin 4s
i i I 00. 70'.
".000. . . 7'i 7?
40
4 8 "?
41 -,
48 '?i
6 2 ';
M
71 <?
I Kentucky Cen 4r*
1,000... . 66
Kings Co El 4m
^^^H 1.000. .
,;- if. Lack SI ? ??: 7i 1! 22
Rfi : 5.00.1 . 911
, - r. do 5s ' 950
?-.: lo.ooo . ,
2,000. ... . 75'
'? Lacle le On if St
" -, Louis lot ;' i
3.000..
I'll Station i ;.n [Lake Sh.
,'. West : id 6s
? ' .1
. 1,000
,000
3.000 .
. ,',,? i?.
10,000.
10,000,
10,000 .
7000.
? ' ,?? St
1,000,
. '. I
? do 4s : ,31
2.OO0 . :
. Li high '.'.... ? .
1.00O. . . .97 ',
u,!Lehi?*h V of l'a ..?
', o , 0...... 0 S ?
!i..-r; .." K... ;
1,000. S5*-i
i? Liggett ". M 7s
?' 2.000.71,1,
I.', 2.000
:, do 3 i
1.000.
:' 1. ? "' c
1 L ng Island
1.000
.<? L Tillar-i Co
1,000. .
.101
80 %
v- 0 ',
ol Induwtrial 6.1
I 000.
do
.?i" ' ...?.,',
So : ?I 4s ?? ??
7SS.
SMC
D
5,000.
?7COn ,_
& So ammmmggggggggggggfggggf. .1'
2.000. . . SO' -r,?-'. ?5%
i^^H i^^H .
Louis ft Nash te
'.i.ooo.105
1.000.104 *%
... unified 's
1,000. .. . : ', '
7,000. . . . SO'-i
,000. . . . HOhn
1,000. 80 U
do St Louis 6s
6,000, . . . 994
c. i So K'. joint -is
1,000. 66
lonhattan liy 4s
10,000. 51V
_? 2.0u0. 5!s4
. ,:'. ? ! ? Mich Cell ;? b 4 ?
1.000. 84 4 5,000. ;7r
S4,'*|Miavale Steel 6s
" ' 13,000. 7 :'?.
?'?' ? 10.00(1. . . . 7*. '-?
16.000 . . 71
: ooo . 7 : ?-.
' ' Milw Gas Light 4s
7% -. i0 ... , 894
---^?^^?-----^B^^E'*! Mir.r.
,?,: ? - . 68 U
' * do 4s
-, ? 1.0?: I . 424
'' * II St I- ft S S M 4s
,.. 78 4
12,000 . .
C t.. ?.la.? tem?
? '.
: 000.
10 0.
1.000.
.'.000.
) 0 0 . . , .
1.000. ...
r... Cil M? S??
cvt deb 7 i
S S Vi .
1? 000.
It i. In p
,000.
do
.000. .
i.n 4n
) ?
). 13 j
Detroit ?' P.ya Pia I
1.000. 62 ;
Erie prior '...-n 4m
10.000. . .... 52 i
10 .
' 'i0 0. . .
g? 11 lien
1.000. . . .
7000. . . .
7 OOO. . .
M IC <v ' >kla : ?
M K ft ? 1st 4'
14.00".
do St L
000.
5 7 \ i
2 5 Vi
lOO.
41
evt 4s ser A
2.000. 404
3.000. 40
2,000. . . 404
4.000. 4 0
; ooo. . .. ??? ?
7000. 39
7.00 J. Si
do gen 4s
"'.?.
100.
...-.
:vt 4s ser n |i
,000.
,000 . ... 'J *
?l 4s ser 1> i Mont
10,001. r, :* r
? . . . :,:.?
:. . 531
1.000. 53
1,000 . :,-,?
r, ;... t.a power 7>
2.000.
,01
100
9 9 ':*
. 9 ?Mi
1000. .
10
2.000. .
r "i..
Ft W ft Rio
;' 000
Gen Elec d?
1.001. .
: 000..
3.000
2.000. .
do deb 5s
3,000.'
do .:'-..->
1.000.67
? ireal N? rth.-m 1 7s
54,000.7:.i
[locking Valley 4'-?? '
l.ooo. 7 0 ,
Hud & M rfg 6a
2 000. 0.1 *.
7 OOO.?:.>",.
2.000. ?'? ' 7
1,000. 60?, '
1 000. 004
do Inc 5s
6,000. 2141
I- 000. . . .
1,000. . . .
National Tube
2,000
N Orl T v : le
* - ',
its
HO
C?O
4.000..-' :
' 00. 5 7
'-' S* C? ntra] col 7s .1
P M Interim r :r.
6.000.11 :
S ?00.71: '-j
..,000.I02U
1 0 10 s7f.. .101 "4
6.00 . . ,102
1,000.'-"'-' 4
1,000 .; '.
C?O it *- h I. s
7.000. . ..914
l.OOo. ., ; r.j
12,000 .... 91 ?,
1,000 . 91 4
1 n.oiio. 0!
21,000. 90%
'?'".oi'hi. 0[
13,000. ?0*i?
t
Utah - Nevada - Chino - Ray
We have prepared complete statisti?
cal studies of history of these four
copper properties since organization
which will be mailed upon request.
Hayden, Stone & Company
MEMBERS
\ei..' York Stork Exi hangt
Boston Stock Exchange
25 Broad Street 87 Milk Street
New York Boston
Stone & Webster
lSCVH.rOKATr.ti
!??/ Milk Street 120 Broadway 33 So. Dearborn 5t
BOSTON NEW YORK CHICAGO
EXAMINATIONS AND STUDIES
?/? Industrial and Public Service Properties
REPORTS
vn Valuation and Operating Efficiency
do ' ' r ' '?
oo is 1934
P< oria * E 1?
12.000
1,0 ? o.
21,000.. . 77
000. . . 16~,t
do rfg 3 tes
!. 0 '' 0 . . . . G 7 ?v
15.0. 67Vs
X Y < ' & Si 1, 1st 4s
25,000. 79',.
25 '.i'1) S30f . 7"'
N V Iioi '- Co 4rf
:. f. o o. 6 4 V.
. 64 te ?Reading gci
.\ S ti K I. H & P ?! 1,0 . .
20.000. SI >?| L/C
Pirre Mar<iuctti
2,000 . 811!,
Pt'ila Co 5a 192*2
1.000. 87
Pitta C C & St i. 4 '-5 ;
.'? .- A
1,000. &?>%
1 Pub ;-?? " Ot 77 J 7s
1,000, . . 61U
)O0
80??'
4.?' lO ...
1,000 . 'j
I .. H 6s
d :, 4 s
2.000. 44
3o :.??? di u 4a 1947
2.000. . . . 46
S* O & W 1st 4s
4,000. .. go?;
Y Ilvs rfg i?
001 .21
do ' \ oi d. posit
l o. .
: ooo .... so1
000 t ',
),000. .
: 000 . . :;.-.t
8.000. ,xl
R I Ark & :. , ??
'..900. C4te
2,000. . 54
S* L lr Mt & S i
do 4s
,:. o 0 0
do I, T! . .
: ic
-?:... - '?'
' 5 \
7:-.;
. . 6 6 Vi
ooo.
0 0 ? .
2,00 -, ? '.
8,000 ' ; .
i.OOU . ?'( ;
', I
.'.050...
?00.
:, Ber u
4,
0
. .
74 !
,00(
N ? ?? .?? lin Ites
10.79
?1.000.
Ne rfol '. .t v- < ? : 6s
5.000.: ' i \
do : ?? 4s
4 000. 74 '
4.00m. 74 'h
Nor Pacifie il
101. 7 ? te
12 \ 0 0 0. 76
do 3s
10.000. 53?'
7.. il r, o . ... : 4 '? ?
Ore it Calif 1st 5s
fl.OOO.
: ooo .. s: ?.._,
i iro Phort .'..r..- Da
4 r, r, r,.;. ;
?'.?ii-:: ?; & K 5.1
10.000.7 S \
i.OOO. . . . 7 T. Tv
Pacil c T & T 5s
- 50. S 0 \
Penn 7s 193 0
; r. ioo. ... 104V
1,000.*. i t '.
'. 100 . , : '4 r.
? <? ? . . ! '? i .
0.
' }0
oo 4 te? 1921
2.000. ...
do a IS6S
1,000. . . .
7 0 ?*i 1.
18 OOO .
6.000.
" 000 ... .
2,ono.
do con 4 Vi a
: nno.
2.000.
i.OOO.
do gpn 4 '- s
g ,i c 1.
2 000.
- ; 000.
32.O00.
18.000
29,011,1 ...
c non.
do 4a !94S
2,000.
?:- i;er C
I
:
: " i '
. : i
G4*-?
'
49%<
4 3 \
... ? ?? ma! .'
?
s- 7> ,? :?: C s t. itea
OOO . 64
SI P C .. M :
Montana ext
20,000. ' '?.
iar ' A i- ad
'?. ?"? 7 ' '
7
' ?'? %
. 3 6 te
do rfer 4m
1.000. 4 0
S B' :: T & T 5s ;
5.1 to. si
. ' . ' : ItlC Vt 5??
10 100 . . . . 102H
.000.
ooo.
.0(10.
.102
22.000.
2,ono.
:
| ... ., r
1 1,000 .103
.102*4 :
i;
jO 100
. i 02 \ ,
?"?. i ?''A.. . '.'-*?
n r ?
102
1 ". 000 1 02 '4
1,000 . : 'i. '.
15 Oei .102 H
do cvt 4?
10.000.Y 8 H
United States
Oil
Corporation
BANTA & MORRIN
66 Broadway
New York City
Telephone: 9104 Recloi
?*
s8
?5.000. . . .
:?. ooo.
?. .
,' 4s
61 100.
6,0 0.
10
10 B?Of
-4.C00.
tK
,000
do San P 5
: i.i ?' ..
: >ut h i n Ry
00
: ooo ..
2 )00 . .
'lite
.?'?*.?
.. 4?
? -,
! 7 '-.
85",
85
6 000. 7 4
?^
??
'
74'. *
75* f*?
'
. . '
0
i ?'. ?? 0 . 1_
: 9.000. 74'?
Steel ? y 5a i,,
9.000. PI?, '
. . 9?*-.
"."0r ..
. .
? 1.1_
5..000. 9irt*3
10.000. 91%
?. ?? ; ?-._
10 '<? -?,
.. ?:?
PS
,0,000. 6?
?lo ', I Mob i- O (II
' 01 . 58
Av l?t 5s
8:000. 7 7 -
do %'l !? 5a
14 ? ;,.281
6 00 5. 28
Toi St '. & '?'/ 4s
. ..oui. :o
Cnlon Pa Irle 6s
1,000. 99"
'
. '. ' ii: .? northern 5* .
?-'*'l . 3.100. 8??..
Ctah Po . ? ? .'? :. 5a
r"' ' '. 7f,
l.BDO.' .
Va-Car Chei :: ral i ?
3.000. ::',
do r ?
500. ..... 81
: 0.00. 83
Va t.- .-'?n c.ri Bg "I ?|74]
000.6"*
dc
6.000
7.000
?o cvt 4a
0 1
./'?"? virr. ?an ity 5s
. . , 2.000 ? ! '
. , 2.000.. 6?
. 80 I
?ios
7 4 V,
lo rg *
r.ooB_
;,000 ... 74
t'n P.ds oC S F 4s
Ct/t if deposit
M .000 2 9
r; s Ri alty A I 5s
'i | ?;.R0V?
.80
I ." !:-mb-r temp
.090,.. 81 'v...'?.?8*
' ? ' ? )
. 8 4
I 000 - *. '
'.000. B3 '
?Vest ?tir~ '..tin ??*
1 000 .. . 741,
l.flJOO . 5 4 a
'00- . 5? *4>
2.000 .... 74
W K V & :?? 1st Ki
a oot . **:?
West Pacific S?. ?. ttxt
....SI te ..
".ooo. e: ??? t
\", <>?. ? n t 'nlon ?s .. ?p
? , o o o.? 2 ? - ? e
V.'eritlnirhouso Eier
i 4 in. .
3.000. &4??
1 onp. 94 ? h -
10.0U0. 97 !.. ;. s4i?|
5.000. ??-,;? 4.xoii::.... m:.,,
? ?'' '? 18.000 ? . . '????.x
a? I8??? n. Wheel ft :. E 4te> ,,
I...... 98 ; 2.0.10. SoOl
?O ? ?? Wilson Co 1st 6s
? ' ' ? ? ? ? ? it,000. ?IT fl
'?. l.'ioo.ST8a Vi
1,000- 74V ?lo cvt fia '.v
1.000.'15 I JdOOft. ?2?'4,'-'* ?fi?
^?Al 5,000. Slfe ?-"?*.
:' ,000..
10.900.
97 M
97 "?
:. i s
9 7 \
t . -*****?
*5?

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New-York tribune. [volume], December 08, 1920, Page 17, Image 17
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924