New-York tribune. [volume], December 08, 1920, Page 18, Image 18

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

                
Reaction in Wheal
Wipes Oui \<lvanee
Registereil Monday
Selling Renewed on lack of
Export Buying and Bear?
ish Construction of Oppo?
sition to Aiding Farmer
A sharp reaction occurred in the
wheat market yesterday and prices
lost practically a'.; or Monday's ad?
vance. Th% left the market 18 to 120
cents above the recent low point, how?
ever, and the reaction was about one
third of the total upturn which had
taken place during the last ten or
eleven days.
The decline was due to renewed
selling, prompted largely by the fact
that exporters have refused to follow
the advance. The only business re?
ported yesterday was 160,000 bushels
to France, and this was said to be in
the form of covering to till old con
tract?. The British buyers, who
some hnd thought m ere about ready to
come into the market, were rtitl our,
and the only encouragement from that
source was a request to local shippers
to continue to make offers.
The opposition on the part of Sec?
retary Houston to the proposed re?n
actment of the War Finance Corpora?
tion received a bearish construction,
as it was thought '?> be an evidence
that there will be serious opposition
to many of the plans proposed to sus?
tain the price of agricultural products.
On the whole, there was qu te nn
array of bearish news, but although
some authorities were disposed again
to favor the bear side others wen- of
the opinion that the worst of the pres?
sure is over and that the world's sup?
ply and demand situation ccntinues
to possess elements of decided
etrength.
In the local market No. ? red and
No. 2 hard were quoted ?it $1.98 c. i. f.
track New York.
The range of prices:
Mo n d ri ? ' 9
Op"n. nigh. I.ni Close close
P?e. 1 ; : ; 77 1 70 U 1704 1 ?
March . 171 173 4 167 4 167*i 175 4
Corn Turns Weaker
On Bearish Reports
! I ' corn mu rkel w as \\ ?-?% through ?
out tir.- , y, v os .ri- at , nly slighl ly
al o\ i- ili? h ??.-. ? ? wit h net losses of
lo :: ? ? <? The action of wheat
erved ! t- eck bu; ;. ng an ' commis ?
oUl freely on reports that
i ?I .ii"-'..'iml for cars was
"'.v t hat t lie count ry was
coi ;i r? it "i fi eedom.
A rcnort by a leading commission
! ouse r ho ' - " i loss of S.3 per cent
i nd fi. 1 per cent of cattle
throughout the country was looked
up,m as bearish from a feeding point j
. f view.
In the local cash market No. 2 yel?
low n-a? quoted at $1.02%; No. 2
mixed, ','7%c. c. i. f. New York, ten
dav ?' % ?? pm? '
rest ?relay's Previous Year
New York : ? ' ? cl ?J". ago.
N i 2 II w. $1 02 4 J1.07 \ $1.724
i"' :
Pc . iiibei.73*4 .764 1.30*ri
V . .76 ??., . 7 S "4, 1.7 7
Outs . at? .??,. t ?s only moder
activo bul i.? ' How -"l wheat ami
? i -i . ,h? showed nol losses of
1 i? Rni'rlpts w. a tri fio larger
tits and til. v. as some
?iitl pul.? na lucre? ".- I
;,,.,...,.,' ? . luntry.
In ???? cash market N'o. 1 whit?
*..a> ,;?! ? : at 64 ' . ? N'o, 2 v. lilt?. 6 ( "
.,i ., I ??. 63?*r?3 '????. No. 4 white,
fane clip] i white, r,? '...?; or
, ; ? whiti 63441 644? ? all el?
? ^
Yesterday's Previ ius T?ar
v. w T >rl< ? .? ( loso. ago.
it*.634 $0 631 .1-f.i*,, $0.874
I 'hi' '.I," ?
Di bei- . ^< 40S 7-',
May_ .51 \ .70',
Kye Market wi It,
Yesterday's Pr?v ..*> Yerar
? nW York ? . los ? . is? ago.
No. :: \Vest?i n.$t.80 I - $1.80
l'lniir and Meal Q i I ns were:
yesterday's I 'revloua Year
ago
? ' ' i 9.7 > ' 001i 0.50 $14.00
ninr-al 2." 2.501/2.75 1.71 3.00
!t> floui 8.25 . , s.25'a 1.55 7.7511 ?.10
Brail ? r.00 4.. . .i ,i 16.00
More Gold Arrives Here
The <; amor Finland, arriving here
??'77 from Antwerp and Sont I
? ton brought $2,700,000 in gold for
Kuhn, I.? i ii & Co The consignment
wns pari of ?i supply which the bank
ve I.i receiving from London
sevei ! months, and which now
total ' ? ? ? n at? ly $70,000,000.
Miscellaneous Markets
Public Utility Seeuritl-s
nid *cc
Adiro-.daok To-.ver *? Licht. '
'to pf.
American Mght an i Tr iction : ? ? 112
dorif. 71 ? '
America n Gas & Eli
do pf.
Amotinan Power .'. Light. 4?
do pf. " C4
American Public Utilities. 10 20
do Pf."
American Wafr Works.' j '
do 1st pf . 40 45
do participating pf. 4 7
Caro'.:"..i P R & 1. 29 7 4
Central Statea Electric. i ?S
do pf. 43 4 7
Cities Sen ice.65
do pf.? ' ?
? i i ba nkei ??' shan s. . . ' \ .\
do 7" deb Sei ?es C. 92 4
do 7% deb Series D. * '
do 7?, pf E. . . i; ,
Col Tad i Po ?????".
do pf. SO
Commonwealth P R & L. 10
do pf.
Electric Bond & Share. 7"
Empire Dist Elec pf. 60 70
Empire G&F Co 1st S ? I 6a '26 !
do 6cc conv notes, 1324. ?<'. 86 te
do 8% pf stoci. 84 te Sute
Federa! Light & Tri ... ', 9
vlO pi. 4", I II
Gas * Electric Sec. 250 350
do pf. 7 5 85
Northern States Powi r. 40 45
do i '. ! 79
Republic P.v & Light Co. ? S
do rf .- 20 24
Jouthi . n ? ialifornla Editor S ?: 88
do pf. 93 '-7
Standard Gas & Elec. 10'
do pf . 33 X
5?rro Ry, Light & Power. i 3
do pf. ? 3 o
United Light i- Rya. 20 23
do 1st pf. 61
Western Power. ?9 22
do n^w pf. D9 04
Trust and Surety Companies
Bid Asked' Bid Aak" '
Alliance . ... 75
An Surety.. 6ri
Hankers . ..325
Bond St Mt?T..195
Bkiyn T Co.480
Cent Union. 3 40
? 'olurr.bia ....30?
Comrcl . ... 15?
Kqultable . 2-5
Empire T. .:i00
Frrr.r? L fc T350
Fulton . . . .270
Fidelity . ..JO?
'luaranty . .304
Ha.-Ulton ..2.5
Hudson T .li5
Kings Ca. . .820
Law Mtg- -11?
Lawyer? T.. 125
86 Lincoln Tr.. 165
72 Alarm.'c rs .. 1 9i
7 . Mei :.". . ...290
205 Vletiopitn .2.?
600 Mtge lond. 75
? 50 M ii T ?( W.ll5
310 Nat Suretv. : 8 5
? N Y I. ft T . ' ?i
. ? ?" G ft T. . .28 5
? IN T Til -
360 N V ...
? People! . ...275
II" R?-ai'y Aaaol 0?
310IT G & T. . 285
245 l'n State? .81?
170 i ' S M * T. 395
SSO C S T ?luir. 7 5
120 Westchjtr . 13S
'WAS* M.lit
lt>5
205
??>ii
i . *
> ?
4 0 ?7
lniurar.ce < omtianies
Bid A?k. B'd As!
Am Alinee.27e 230!Great A*:i ..255 265
City of N Y.190 210|Hanover. ... 85 ?
romwlth ...309 22.7 Home.r, ! 5 6 0
f'ontntl. ... 65 4'' Nat liberty: 7? : ?
Kid tr Phoe.610 625 '.'ajara . ..130 .4?
?franklin. .. . 80 9? Biuy vesant.. 60 71
Olob? ?5 R.1000
Tobacco Stocka
Bid Asked, IVd An, ?d
G W Hmel55 1C0 lp R-T T . 98
do pf... ** 93 Wemy B..155 : ? 2
J H Young 99 100 do pf... 83
do pf... ?4 89 MacA&F.lOS ...
1,'nl? L?aft 40
Miscellaneous Stocks
Bid Asked Rid At ted
Am Chicle 2"< 31 r*rk W pf 90 97
do pf... 63 -5 Draper ''. : ^ ; te r.: ?;'..
?Am Lthr. '1 25 D ;. & w 17: : ?
?do pf. . r0 fix ?-?-.. ; f ia 9 2
Am Mfg. .14" : : ? .? ;. pf ? 3
do pf... 82 ? : I 100 l'i
Am M* F. 150 160 "'?' .1 /? w 140 150
Am T'l pf. ^k\\\\\\\\\\\\\\\\\\\\\\\\\\\w
Arn Typ F
ALT N J 25
Atlas P w < ' 1 0
B B *.-'!) 80
'lo 2d pf ?
Bot CM
Bush T pf ' .'
( elluiold 1 40
. 1 ? , ,
do pf... 89
City Inrs : -
?Ft dlvl len
65
r ? ? . i
?:-' i '?
R} !? .
? .
'?'.:(
' -
i Pf
? ; "
Valvol pi .'
w * 1:
'Yale ft T 21
?
I I .
' ?
Safar Stocks
B:-! Ask?-d| Bl I A.>
Car S'il? . 4r'
<"en* M\% .
15
C Agi
r ?
'..''. '?, t
? ?? '.. I '40 _
^^?^^^^
Steel e.nd Ordnance Sto<-k"i
Bid ?? ' ? ' I
^ksSSSSSSSSSSSm
Atlas I '
Bab & '?'?
< ? v >. , ?
Carb :-?<?'
do 1st pf ?. 0
do 2< pf
Colt a ... 49
Du Pont :
do pf... 7?*
"?
East "? eel
'
1 - '
?B ?
-
'
?".
?'
Thorn ? '.
i'. ! A?
America . . . 2'/0
Atlant'-. . . .T.',
A--. Erti b
>'.??i-ry . . . J 70
Bowery . . 428
Bryant P ISO
Bway ( ,n : hi
Bronx Nat .-.'i
Bol? a St D ... 33
Csn Mercan. 198
''.'?-- .
f hat ?V ft, 210
t'Ul?. Ki 140
' hernU al . I '.
'Iiy . ... 360
( ?al * Iror 240
< ',!'.r,la.? 384
< - imbia . Z'.'t
'irr.rml'ti . ? : S
New York Bank .Stocka
Bid Aaked
v.*.
- 9
. ,,-?.. rr|
:<- Marrli .0 .
180 i;-,? . 1
i p 4fe Trd? 10?
HO i o fin "
0 ? - ra? 0
It* !.:>-? ly .345
. , ?)
t Mi
S 4 0
270 .'?: CO
: i? '.'.,' Amn .. 160
- r ?- ? "i
11 ON Y Count) 16
26! ii A 14 9
'
Park 4f,n
l2&h'iib ?
fSSSSSmmmmmmmmWSSm
^SSSSSSSSSSSSSSM
< i?" pltn .110
C'/ba 18?
W ?' S<T?r 1<I
rirst ? .' .?21
F"?h Av? ? 9
V ; ? ? g ? T R ' 0
n*'*\4 . ??: ^^^^^^^^^^^^
f'hrmiral SuH-ka
p. -) Asked ?
Am Cyan 28 I/< ok ,'.
BBBBBBBB?B??a???H?BBa???a??H?l
By Pr-yl > .
c an^lr. '>, 2SB_
" msSmmmm^SSS^SS^L^SSMM
?/?i >??.,.? ;? ' .. lulfd Co. 48
f;r?,?.<- . , I '.
do pf . ' /;?.,. so
Bonds
n -
Appa'a'Msr.- ?e? r.? ?. f,
?bsolAnatl '.?? 4, Klee r.? ,", Ii ?2
Co) Gas ?V IStei - ?21.. 79
I?s ** Kle- ?,?, ;'/> Vi I
d'? 7?. ?921. . ?i
. ?0
> ';?
i 16
S
'70 A'.'. . . 2?t
' ? i - 1 v ?, o
' d B t a? es. 180
04? ' r, ,., K? . 1 70
V,a?h Ht? *?i
rorkvlli? *"4
: ?
r. ? ? r,a,
Il id Asked
i*" ? ? ? ? ,. col 58. .
Ill 7 . 77 7?
? l ' t i 1 i l ; ". '0
III ver P wi 1 .st 5a . 15 76
: : . '. ,??,.. , .... . , 70
Standard Oil Stocks
\ ?? ? ? ? .-. r*. ..- ? ? ? ,
Atlantl i.- nlng Co..1025
d o p I . 104 107
? I-*,) . . 100 4. '1
B u c k e "?..:': ? ? ? 7
igh Mfg. (7o Cons . 19;
.... ... ; ' 0 i J
C . 109 i 12
: ...',. ? J 1
Pip,. J,h
' . . .
pf, new HS
94
? , ;
' ? . . v
: : 16 ?i 17
?'.'?.. . . I.'?* ', ?
OI i i o ( > i 1 ( ".
? ? ' -.?'...
. . ?
Line tn . : : -
......... ;
if Ci ?
do ff ..
do of ? I
< ?
!
'. 0 ?
i-- ? &
r ?
; r . 95
' - . 7 17
v\ ash?i gl .a ( ill Co. 30
Miscellaneous Oil Companies
'????'? ' . ? '.'. 20
. <- "'
, .... 6
Elk n Pet Co .....
? Oil, Ltd . '"'
. . .
Mid? t P.-fin i
.
hv, .
!'? : . -. ' .'','?-,.'?'?
? ?? 11 ?
?-.?? ?: ; , 7 ?
V. -, . .. i & L Co.
' '.
New York City Bonds
Bid. Ask. T1
4 85
1 ?S
4 59
4.92
4.90
4 91
I i
4 95
4.HO
i . - .. . ? 2 l i
Ft? ?-?? - Is, 1955 '66 . ? : - '
1936 . -,
In ' I ' . , ' :- s, 1954. '74 '< '? '2 4.92
: ? 1 . 7 4 76 M, 4.92
Ft< .- ? ' i m- ... 74 70'/i 4.92
.... Inc 5.35 4J,. b5 -
P.' h ' ??'?>4 4a,
1921 -1930 Im ?.5? 4.96
do 4 4s, 1921 1931 Inc. . 6 SO 4.96 -?
do 4!-.*? 1921 1932 Inc., 6 7.0 4.96-?
.N'en York State Bonds
iron and reglotered form,
? t interdi able Coupon bonds regis?
te r a b
: Rato Mat irltv. Rid. Ask. Yield.
14? 1964 . 1 \i ' ! i ?J 4 4.3?
Hlghwaj p 44?, ' 963 . . 101 4 104 4.30
Canal I mi ? ? ? 1966 ,97 'I 4 II
. I-. ?? 4 . . .... 97 it 4 "?
'.,... .... 4 ' : '. 'I 4 ? 0
Imp 4 5:: 4 4.31
: 4 4.31
I ' ' . ?
mal I in p
'
4
4 32
4 : 2
1 etieial and Joint Stock
Bunds
and Bank
Bid. Ask. Yield
0 9 ', 6 02
- ' 7 ' i , 5.12
'?'?.. 91 4 5 ' 0
'? ' , ' i , 6.23
,93 5 60
'? : .. ' . b 6 r.
Short Tern Securities
do 6.1
-
A Thr?
A
% 10 14
i : "
? ?
S.7')
' 0
6. SO
I
....
. '. ? -,
(J H I & I ? 94 'i
?
?... ' . ,96 \ ?? ; \
I ?? ..; Bel ... 7: 1.92 4
' . . ' ' ? - ".97 4 9S 4
-I , ? .i ' '. ?.: . i . 4
'
? , .
I . . 9
;?'..., .,4 -, 521 S
;?????,' ;
. .
( ?
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?
I-..0 0
I .. .
- '
?' IJ
10 10
?. '?O
10 Ou
'? ? 4
I 0 0 ? ,
1004
7 0 0
X o&
, 1
7 10
C ?0
? 9 0
o ; ???? ?. i o
94 4 V 9(1
'.4 \ ? ')?,
90 . 10 2?
' . - ' ?'.
:? 4 -, 10 2 ;,
'M ' ?,v
'.?. 7.00
fl K 4 h I, f?
i ; \ >? . i
m v. 7 :.'?
October Railroad
Kii ri lings Fail to
Net 6 P.C. Return
Indicate Total of Al>i>ut $92,
000.000. While Income
Would HnveTo?eSl 13,
000.000 To l?e Enough
With reports already mod? public
showing the October earning?* of 102
railroads of the country, having a total
mileage of 220,813, the indication*? nre
that all the carriers will fall short
of earning on.i month's proportion of
the 6 per cent investment rtturn pro?
vided for under the new transporta?
tion act by approximately $19.000,000.
Based on returns thus fai tabulated
for October the railroads ir? the East,
South and West should sh iw net oper?
ating income of alunit $92,300.000. Had
the roads earned the ful! amounl in?
tended under the new rales or at the
rate of (' p.?r cent on their property
investment, they would have returned
a net operating income of approxi?
mately $113,000,000. The October net.
was also less than the So-called test
p? ? od, which was ?50-1 ,.'>^7 0(>0.
October not operntinp- income of the
carriers, base?! on the repoits at hand.
and with only two important reports
still missing (the Burlington and the
Hocking Valley), should compare with
'.in test period about as f? '.low: :
N'et 'I eat period
income income.
East.$32.500,000 $35,830,000
Si uth . 1! ,r,00,. 12 410,000
V%.-t . 48,200,000 46,147,000
Total . 92,300,000 94 387,000
Rail road men said ye< terd ly thai
probablj one of the important reasons
for the fail :r ? of the < >ct< ber earnings
to m ? ' exp< ??' tions was that during
that month an abnormal volume of low
grade freight was carrier!, including
coal, i re, etc. This probably also ex
I ined why the railroad? attained a
new high record in the tonnage
handled, ["he i ecord for ' )c I ober, it
was ? mat? I, would he in excess of
13,.,000,000 ton i";'??s, compared with
12,70 1,000,000 t? n i miles handled in
Vr.?? t, which was the previous record.
-.
Livestock, Meats. Provisions
Livi bei t, lir to
prime I - SI 0.25(0'12.75 $1 1.00 n 7.0
Dr? s ?4 ?? i] beef,
I .-.?' v. n
: n to pi ill ?'.
? ? or ,, ;,- so
Dressed veal,
city, lb. IS? 24 '?! i
Liv? ewi -. II
lbs. 3.500 5.70 5 00(3 9 00
' ? ? i mutton,
lb.08? .14 .10? 18
[.?v. Ian ha, ; ? -
to prime, 7
"'.:?..
Die- 1 ?an bs,
,.:;..'.
?'.'.??:.' .i : i ?
...
Por bhl. . , ??,,??? ?., ? ,- ,|
beef. Iibl | ?,i.i ?0.00 . I I ?
Markets in Oilier Cities
Baltimore
?
Bonds
.' oono r'hc, ? ''
c. ?
! ' . 7"
: : i 1*i R- ? f 4s.. '"C
2000 United Ry li 44
Boston Curb
Bl
Ariz P - 17
Irla Tip P i
Rill Hawk. .16
Ros & Mon ? i 4
lir?n Rio:
in Cap
R,
1 I . 5 ??
. : ?
"
i '.
\ M? ta .
ilw M ' 'i
':..'? 5 . '. 15
it L ft. Z 2
Doug. ..14 20
| Nixon .7 \
Metals.10 : '
?'!:?' Con ..2
i ?-,.-. n Rh\ 19 :?'
?':? -t.: m .v. 42 If
11, ? 11 h 17 1 >
E ? ???? li B 2 1 '?:.'."
? <';?,, 4 5 ?7^H_
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(',?1 en . . .40 : -i Un Ver Ex.. 23'i 2 4
Horna. .07 Yukon "< 1*4
Boston
Mining
Sa ? ". ( ip"ii, llivrlr I. w La i!
20 An /. nc ... 7>< 75. *';
'.. ,\'!???? , 4- 4- 47 \ 4 ,' '.
: \ read kin i na ' ? .? ' 2'.? 2'?
60 Anaconda . : ' : ? 39 ', 39 3 I
i Arizona Co ml Ms 7't ? ".
7200 Big i !?,!?,. . 5 :> ?: ' .
27,0 Cal Ariz .45 16 4 16
59 Cal Hecla. . ..225 225 2:?: 2-7
1. i Carson 13 13 a; 13 1 \
25 Centennial '? 7 .' 7
250 Chino . I - *-, : ? ' 1 ? -, "? ' .
40 Copper '?: ? ?..;?'. 27 ? :"?' : ?? 27'i
10 Pa \\ ? ' . 4 te 4 te ?
364 Davis ! ml v. .11
4 . C ??' Ru'.te. ... - ' j xte 7 "t 7 5,
20 Griinliy . 20 20
2 ?:???? ni- ... : 0 *?; 7 ". 20 20
ro llaiviii?)< . . : ':
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: ' 'i l.a P
220:
? ' 0 '.; I ii
: ' ';.'?:., i
: ?"?< '? \ I *? lsi
I
,rHi Bull?
? ?
1 ? i ? ,
: 4 : 1
" . ... 7 : ?
hatl uc . ... :,'
''i Si M . ? ys l.a nd : (1
4 9 Sii|.>-i ?or & H 1?
2i :, Ti Inity . I
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ill, ),l 1 ?
I'lllll IViiii
1 ijiii
1
1 A? A... 1: 1:
1 Host01 ? ?'? . I', I ???< ' ' , ?
, ,: si n & M
1 ? ? ?? .- Ri i::n : ? 1 ,,
146 N Y N 11 ft II . , ? . , |., !.?
I Old Colon}
I'lTIl nil ,-. M ....
: HI Wi Ht Ell ! . ' ? , - . ? '
: ' do ; : . ?
.11 ?Kcellnneous
620 Anin .'???? . . . r.2te '.? : ' .
I' do pf. 8 2 x j M ..- S1 ,
: ? ??? n oil . :. . . , : >
? ios!; .11; . . 7 1 7 1 70 \ : ?
.' 0 ,1 ',,11 I'm ?j Svc '. 1; 2 2
m Sugar pi'. 102 ! 02 102 10"
G ? '.;;.?: Tri. . 99 99 14 ??- l? ijjv
n v. I p| ?i , ? ..?
\ 11VI - A 111 III 10 1. j ,
4 ' ' Ulas Tnclt . . \:< \ 19% 1 ?I 1,4 ; ., ?
100 Boa Mi \ I'd . . 1 1 1 1
..'?.
I te
Eli
158 1 ? ' ir,7s
??'l> i ? '?'. 129 , ! '??,
: '. IVindil
11111 Products
do ; ;
Oil. . .
;
Mi,
'? i i~\ 1 ? ;
' ' ??-. ute 1
" 1 ;i ihi pf. oo*;
I < X 1 |, s I te
978 Nu
-, lOllR '1 '1
( I ) 11 ? 11 ?, I
'? I II. Il (J '.| Is
'? . 91
I
in . ? '
i? : In
100 100;.. 1 o
: ? 201 I98*i 201 "
' te f' te 4 i
. 21'4 : : ;? 24 : 1
I -1 - J ?
k i ft 1 r 1 ? 11 1
' T, United : i.
:, do ;r
i : "1 ? mu? .1 . ]
lorf 1 , ', 17% 17?; ! . *,
I '? '.'. I '.'.'., It'll lgl,i IV 1,4 1.4
, |.r 70
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10000 Mnrri . ? i ' ? .
Detroit
9 ".
: : ?? i". : ? r , 212
: h .1..I s 23
: . ' ' : : ;. 9 *
I2'i 1
75 pi 77\ 7 ,4 7".*4 75'
? c . in vj : 7 ifi% : 7
J Philadelphia
91 <t \ 111 cr ('? 11 ' 0 "o "0
. \ 1: ? "t ?? : , 1
7 l'i ?I
I ? '.. 7 .1 170
" . 21 , 214
> ? ', 614 ? ? '
1, 511'? 50'?
17 !
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Pittsburgh
M -I
v. 11 ? ; M ; :' ?
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1
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Km,,Is
Montreal
1 94?; '.! 1 \
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Toronto
I i i I A
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II
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f, A
Business News
Better Tone in Wholesale
ra
??c*?! ?*-*?
?S'
Unexpected Increase in Hol?
iday Sale*-? lend??; Encour?
agement to BeliefBusiness
Will Revive Next Monlh
i A decidedly better tone exi '? ii
manufacturing and wholesaling circles
in textile, apparel, shoe and kindred
lines this week as a result of the ap
l parent, improvement in retail trade,
i The Christmas business last week and
this week so far i as exc.led expec?
tations u!" many merchants. The whole?
salers feel thai a fi II ng up of : he re
lailers'coffers through holiday trading
will put them in a position to do some
real buying to replace depleted stocks
shortly alter the first of the year, ami
upon this theory is predicated the
: general belief that January will see
a revival of business in many wholesale
lines that are almost stagnant at pres?
ent.
The retailers are pushing sales this
year harder thai ?? d ng tin ; - ?
? in'. hopping sea on. Reduct ions on
1 wearing apparel a re ; ' i ., n
ing business in this cli i of inerchan
.; -.? '.?.;. ich ord inarily lag ,: ?, ; . ? . the
current season Reducl uns also are
being made in furniture, household
fui nishings, r. rpel s and p ece . odi a
full moni h be foi o Lh ?? se ale
. I; staged
M up y ret a i lers, accord in? to repi
: ?'? ng the marke! from all c? us
of the count rj. are not waiting - t
January to run their r? | nvei
tor; sales, but ai pul i i 1
c... selling even ' - now, I ipating thi
usi wave of i luctioi . Lrike
| the trade right afl i he first of ?%??
year.
Despii .? the 7t1:. of consu
? : :; .'? ,,. rc| ,,.- ig-, the fig i"?- - ' epoi ted
to the ?- eil? ral R ? ? ? ? t in each
of the t ?? ? Ive Re er\ ' disl rief ?? show an
inc rea ?? in rel :. nel sale ? compared
r . ;, ', -. ear, PI fa? nust also be
...... into eo? " n that with the
;.. , . ? . i ??? ; duriiip I ' las! few
months pre -eni retail pi ce i in genei al
are not above thos. - i ng '
time h eating that the
urn" o? i ? ' in units of mer
? , aboui up to the Iindard
? ? ? la ' year.
Commercial Credit
i ,, n ,.:-,? i , r "i'"-. Ts ; op : : a
gradual deei - i n tlie volume of
: . . - . beinn ; ? ml in this mar?
ket, ... neiden! v. th the lowing up in
'?.,.'. ?7, es remain un? ? i . d
I ; to 8 pel cent, ,'itri I arger vol
? ? - ? : ? d cu the 1 a t '. i ? r
i ? ... C ' ' 'I
decided mak
o f 1 i now,
7 ? kei ' acceptance ra i tin I
ves ter day bj th.i Ann \.- I ce
Retailers Here Do
WelU Says G'mbel
Optimism concerning tho future
1,-?s:!;??;s outlook is expressed by
neniar:! Gimbel, of Gimbel Broth?
ers. Department store retailers,
particularly in New York, he be?
lieves, have little complaint to
make concerning the present vol?
ume of trade.
"Every one in our line in New
\ ork," he said, "seems to be doing
a good business. Retailers are
taking lo? ses on some of the good
purchased at high price-, and are
replenishing ; heir st ck at i h i
lower prie ? '< vel ? now current.
5 he ? Liblic appears to be respond
?i ir well t" t he new prices, There
xeems to have been few excep
lioi to the general decline in
< uncil remained unchai ged aa fol
.?. ?
nbei .'.5 ?. Member
:.. . . Banks
Buy Si i Ru
Auction Being Watched
American Woolen's \elion F\
perte?! to "Start Something"
["he a en. tock ol
vercoatings of t ?? American fS
' mpanj nexl ,veek expc ted to
'star ?mothing' the ? loi ?
loi til v market . 1 1?re : ? ?oim pec
coneornii thi ?? ! thai
n ue. I:
? i ' ., jobbers, her than
othin-j . be ' if
, ? L ho IP
. can bi (loin iva
? ' or 1 on'.? sell
y.;.- no , i ? ' ? ? ? i ' odd : ' I ? ? p e c i a]
? month.
\ ' lugh over? oats ind o rcoatinj
. lab c sali
car than nil and n ' i ?
, the ?i n n ricteil
in eompai ?' - ' ! : rev,
? ... i
[.?on I aid to cxi.
...... ? . i
?at i ifui'tiirci try I
new e! ! ? a I Hi : . ?
Retailers Seek to Close
Manufacturers Safes
! >b ?< <?{ lo "*\ ni'air I !omp< lilion"
in Direet-lo-(!onsumer Dis?
tribution by Producers
5' Retail Cloth.ici mil Furnishei
\ ? no ' ???\< Y o rk is mri] ? - a
n i
;ur\ ey ol the many o- c;.i licit i - iiac
turors' on lei iali w th the ?nt oi
of com] oi ? ?? ?
;' " . tion to ' '? te the ?ales can be
! e retailers ;. ? ert tha thej
ire bo: ?:::' sub ieel ? <! to un fa: r co n pel i
m i I facui who
i are 'oiling i ireel o o im ; ?? Some
5 .? .. ?
to the p :; n ' eir own
: howroom ? or work ! i p ??.. w 1 le ol he r s
re opeiatin.il ? ' ' names in
tore I up in
In add iti?n to liquidai ni of th
.ictoi there : ev il '?'? le (ale
? .. es of work clothii rts, pa ?amas,
? , in wh ici two or n i m i fac! ur
,.??. ;.,?? inti re ti d TI i e ? o?perati\ e
, wbolesa le sa!, . I owi ver, do no! fall
? the ban o I he rd lei nee
o not i each ' iblic ilii eel I;
?i , proi.lui r ? ?: direel i con
..,..;..-.... ... thai iirplu
ha\ ?? been er. ated by tl.ancel
,.'' , ??<*, rs and ? turn of m 'rchan
I . .. ;-.. ,.. ? ;,. ,. ? ,..- ? t tl
.,. n i?Ta-a.<--1 un rs are t ?usl ?tied in ig?
noring li ? rotaili'i in their elforts to
. ..-.? mulated merci nd
Wmdd \id Lace industry
Belgian Seeks Removal of Tariff
Barrier
,\ plea for the' reduction of the
\mei can r.n:f on Bi lgian hand-made
laces is made by Louis Key/or, lace
: dealer and manufact ircr of lii gerie, of
Rru els, who i ; now in this count ; .
r nl ? ii omel hing : done to st imulate
the ! rodil' lion of laces in Belgium, he
s: ?d, the cen? tirios old art will bi osl
; entirely, ' e belie? e .
"America i our I"1- ' mai ket," he
?aid, "but you r tariff lo ? c isive
; almo I p oil bitive and tends
toi la rd arl becau e ?1 keeps? ?omo of
our mo ' exqtii .: ?? producl out oJ
you r countr; ?? i I '? "i.
"Wo are not pi ; n ytiiing like
the amount of li ne laci s thai we did
before the war. Our men are for the
mo ' pari ongnp; d ?n reconstructing
the n ' - of Bolgium and are there?
fore unable to take care of the work on
the farm ?. Then foi e, I he ?< omen mu it
for Iwo montl ? lake care of I he fa : m
work. Thi - 1-.. . ? ?. from . I e r
la ! al Lice making, and il al o
rough? '. ' 5. ir ? and : ?o - hal | d es
great i, nu ?? the iniltistr? I fear iin
: i then general ad\ mee i f d m ?
: ei ' ion, moro att ractivo fields will
hin " ":?'. and the Bi Igian laee ind is
ry, thi producl ion of some ol the
nu ' exquisite laci i in t he world, w :
almosl ceasi ."
Slight Deerease Shown
In Raw Siik in Storage
A sli :' de reas, ? tl amounl
??? ?'? lill: h ..i in ? ? iiv m .
Hirers ?.nd dealers oi !
pan d to N'oveml ei !, . ? :, wti ?a
: ' ' ' ' :. I public ;, ? ' da; :
. A ocia I ;. :' ' ? 1 . I'i. .
oml r fiinin hov d : 7 1 !e in
' rage iii 111 07 in D com ?:?.
fhi . ? n began c n,.i
ures ir. fei r n ry of I
?K.0L?1 '??. ci ivor? report? d \ ?
.. ere ise wa : i, ? ch month thi
: , '. . ..." i
In In',' the li'pn roso to i
then t..*??:? ?? ' . s r,
? ?? i'| ti'inln ,, ?
"*n ml '.":. ht ii
rea ? I ' '.: ?
Lea'her h Weaker \xn'n
i The ! id a i I I? ?'?? er marl:, ;.-. are
howii ? ren? : ed i il ? this week,
wil h many rumoi urn of I , ??
.I, o1' sacri
i : .- reported itu " " in p' : ici. in
ictivit; u I N't'v Kngl ml hi
tori 5 '..,..!: ? ? ?. .... i ?n
!.. : ? r In a pointu ? I
price an be obt lied I'lie '?? I ? ra-le I
of eoloi I c km in - pni led ? Ifered
in I he Bosl on ma rkel al . cents h
W >il S'il Hoover's l'uni!
Hi i In rl Hoover, w ho is ! rying to
raise n I'm d of 100,1)00 v hich
: .> ?.n ne i ho woi k of :'? i ding ?I a rvin
. : i Iren in I lurope, has calleil tijion t lui
! National Retail Dry Goods Association
to formulate some plan of a national
campaign to%vard this end. The asso?
ciation heads and Mr. Hoover and his
aids have been in conference for several
i days. The association has not arrived
at a definite conclusion as to the meth?
ods ii'.' raising the funds, but has com?
mitted itself to helping Mr. Hoover. It
is thought likely that some comprehen
siv? plan embracing all branches of
business will be formulated, and that a
campaign wil be made in January.
Textile Mills Closed
Forty per cent of the 700 textile
mi ;j ;' the vic-.nity of Philadelphia
are closed and 25 per cent have re?
duced . ? . ra! ,:?;, according to the De
ci mbor 1 lei - b : dness con liti? ns
in the Philadelphia Federal Reserve
district.
divers Arrived
i . i
BOSTON lias K l>wlg,
. ,] ... : I M Mu
?. . ; . n u nil ... ba t h -
anil n f a ri t a Miss
: ii. knit uiulerwi
'?;-.',;
|.\*. -*?' Skitter;
IU 7 .
(Continued on n? nt pagul
Curl) Market
o : Inued nom preceding p ige)
27 00 ? Vu ... , U 4
i) i
? .'..lb'n Oil I 4 1-4
Mining
. I'nllnti 'i
? nt/i per ?linr?.
Executor Trustee
Chartered 1822
The Farmers' Loan and Trust Company
Nos. 16, 18, 20 ? 22 William Street
Branch Office, 475 Fifth Avenue
At Forty-first Street
New York
London Paria
Foreign Exchange
Administrator Guardian
Member Federal Reserve System and New York Clearing Houie
Absence of Buying
I'nsetlles Prices
In Cotioa Marke!
Weakness of Liverpool and
Failure of Trade to Show
Improvement Are Factors
in Causing the Decline
A feeling that the recovery of about
2c a pound fron- r? cent low records
was sufficient to discount any actual
improvement in the situation was evi
n the action of the cotton ?
.-. est erday.
It was doubtless encourage ! by the
weakness of Liverpool, the less favor?
able tone reported in the stock market
and the decline in exchange rates,
while it, also was pointed oui that re?
views of the goods trade showed little
betterment in business *o far as first
hands v. ere concerned.
Selling was held in check by bullish
reports from some of the Southern
spot markets, but such advices !
to stimul?t? lemai he lowest
prie? il ' ? daj vv? e i ached in the
late 11 iding, when .1 ?? ? old ai
' "..', -:,', or 57 points nel :" .v? : That
? - . ised at 15.93c. v ? ?
eral mai ? i ing barely steady at a
net deel ne of 25 to 42
T ie C? us ii poi on | .iri c
?o i. 'h r 1 is e cpecl ed i h s morn
ing. On the avei ig? < le\ en
,-ear *, aboul 5.5.3 * r cen? e total
? lias be? 'i .' i prior to ] I.m
bei I but a gii of a litl .'or
?. . ? won Id
? .rod oui ? .' ?" il the
larger ?? ? ?' ? f the yield, o
'..-?? , . on and I i
ilk of i ton in seed,
-
t oported were urn ? i to ?
r, except for H
., | '?-...' M
iota ? ' '' ? ?' . markel '
. ? " - ?
The
quiet and A r, at lG.23e.
. ;ales -w ere i port d.
???
; ? ?
Mi
I
"
10.30 l'j.-IS 15.S9 11
: '. - ? '
'
- '
Sont Iipi ii Spot Mil rl
? :
:
qui? i
M
low.-r al
? ?
'? (I
ilnusioi ' . ; "
- : ? '? ?" - ' '?'
I'.'l '
11,3
? | v. ??'. ?toail
? I .
; ? ' . Uli
?nia
: - ? ? r
I .
r ut 11
( ni ton Statist!? ?
rr.it'i ?? I .aft
i :?.
" '
'. ' 7
....
i i,:k
? ?
? .
-? ? ...- ? " 'm
port
10 to
h n
t: x i... r
\ Y ? .
1-1
11
-, Y arrival
Liverpool Cables.
....
el ? ? r i . ?_? . ? H
?'...,: I . Il
point!? nival
teaiiy, at 8 to l Dec,
11.1 7*1 ; Jan.,
,lu ...... Mai ht-s,ier: V.i: ns
1 ill cloths i
Cottonseed Oil
'1 ?.,?'.? ? . .ii
vith total ' ; . ? ? The un
? . however, .'. ' h
??ral lack ul bu s power, anil prier a ai
the el. i wer ' to "2 lowei.
?vas . :? : ' pressur. to sell, but
...:.? . -, other eonimoilities, ? ?.
I ' ?ally in gr?a es, served to check buy
1 he range of pri? -
' '
' I] 11. II .;h Low. ? '!,, , 3,
.... ?'.'??.
l-'eb
.... .
'. ? r
... :
|
'
inaugurate Move to Cut
Li/2'1 Cotton Crop 3i> V. {..
MEMPHIS, Tenn., Dec. 7. A reduc?
tion ."' r." leas; 0 per c? : : in the
cotton acreage in i. . ' and u crop oi
ni7 ::: re ',..',;: C, bales was
! red cted by \V. B. '. . ? pson, former
i' ' ?ident oi the N ?.. i ean ? | ,n
I i) ;e, in an . ? 3 hen to la-,
1 e cotti -r c 11 '? ' ircr ca
? at ? a can ... ;
? "?'" '"'; -' ' "". nd crop
the
to re-1
the cot! . -, ? , ...
If ol it ? . - .. ? '
: T] c?liv?l
i'po.ie ?
i-minati n
Raw Sugar Declines
To iSeic /.:*;'? for Ye
? ' : . w
? "t :
vv r1: 1
' " . : 's .
ind p-ici
? ' ? ?i. A
ir m ;, : ? .
-
: I
I) -in
" ??? '. I remii
: A -. ? : y imp, ,..-.
'? 'I f'1'" im mediate de! v . .
? wpver
Fut
w ') ,'
p 11 '" : nd final p ice
points lower, new low
r,'- died.
. . :..'.... ?f p,
ea ? r at f
w ' .'". ! to
ground boin
' m
1 1
Open rilBh :
1
1
.1 5 00
-, ?
M .'.
' III?
,Ulj 6.13 '.,.;
Coir?-.- Knlurr?. '1*1 *. ,,-,.?,, ,?
; ;%^' r yest. r?*ny. ,,, buj n8 inter
1 ?
1 to offer at lov ,
? nul iv .is reported dull ?
..... 19 points net lowi r
The ran :? of prii es:
v
i ' ?? ? .
rice. 6.50 I 6. ?50 6!
b
'
u i
I
i
7.S2 7.S3 7.SO 7 ? ' ? i
4.048.00 * '
? i - ? ,
-.;-_., -
Rut ter. Cheese ano I .:,;?'
Ruder ,,-... ? ? ?
lier tha
s 11
lower ara I ? '?
'
. ? ? . . 44t*? ?-'.
high
: . . I ".'. tS. *~Q
'
I 34c; stal ' . ' ?'
?
r?nova i f'43c; ladles, c?
r : ' , ' ? COI . ' ? . x ?
...-;?? CUI
rent ma.... 7:,. 25 ,? 26c. No. 2, 24c
,.: - ? .
Cheese ::??? 2,7t3 boxes. State
ruado
.i ?
.--???
ils.: ? run, 23 (g123
I ? '.
?, a 1 s ._-??. ? Wla
? ? -'? ?? :, ', Singl ,
n i, ln-id Doul
. .
? :
?
1 4::- li '' ? ' ' ' ? s. 1 - -si,
...... ? ?
. , ? S6c
'
'
I . :.
? . ? . ?.
. . , i ? , ? . :
i % 1 mil
!
, ... |d .... ?. . ,|]
?
I ? ?
, . ? ? ? StH ?
3 ?
a, *
Reduction in Marine Losses
Loss, ? September
I ? l '
? . !
'..'.'.'.
I
Rumania l<? Intern Jews
. !
; . ? ? .
;;( 1 i -1 1.. '. '
.
?
!'. it to-i vas! ol the
: . fugC : .
it frGm the Navy
U. S. NAVY
New
Catalogue
Table and
Kitchen
War e
Now Reaciv
Pai
?t
ng
??
? i
Skimmer?
I
i'
.?are :
liver
? ire
? ? ??
? : e
. are
Til .vare
i'. ...
in ?!
Plan
... ...
? ii .
'.
'.'?.;;.
Many i y ?
a. y i w ? "'?-";?
I'll WiltTS |
;.??,' large oi
; ? :"
, ? ...
'? ?: ban . . ?
hone. f. th
?
'
i
Navy I' ?, f
; .... ?i and
3rd Ave., 1 N '.
Eu rene H. i!
r coa
r the i\ia.vy
IABILITY judg?
ments following
accidents are constant?
ly growing in size.
j re the limits of your
autot ? He liability
?"?"?'? ? " ? high enough?
1 can fell you.
CHESTER? M.
CLOUD
Insurance Manager.
TO
Corporation? - Firm? - In livi lual?
37-39 1 IB1 RTY ST., Nets York
1 clephone John >70