Sugar Stocks'
Sharp Decline
Unsettles Mart
Weakness in This Group
Brings Average of Thirty
Industrials to Lowest
Level of the Year
A decline in suga?- recurlties yester?
day stood out in un otherwise colorless
session at the Stock Exchange. Al?
though trading was lighter than on any
i'revious day this week and price
swings were relatively narrow, the coi
lapae in quotations on preferred and
common sugar securities tended to un?
settle the whole array of stocks, ami
was sufficient to carry the average of
thirty representative industrials below
Monday's figure to the lowest level at?
tained thus far in 1920.
The average of thirty industrial
stocks yesterday dropped to 71.33, com?
pared w-th 72.0? on Thursday and 71.57
on Monday, the previous low record,
Mnd that of twenty rails declined to
?11.70, against 62 on Thursday and 61.05
?. n Monday,
The speculative position of the sugar
stocks, all of which fell to the lowest
quotations of tl year ;. ? stei la> i?s
adversely affected by the announce?
ment that the directors of the Santa
Cecilia Sugar Corporation had decided
to omit the regular quarterly dividends
on the preferred and common stocks.
In- view of the changes in the price of
sugar in recent months, the action was
not unpredictable, yet it helped to
iocus attention on conditions in the in?
dustry. The directors frankly attrib?
uted their decision to the "unsettled
condition of the sugar industry in Cuba
and elsewhere, and to the uncertainties
of the financial situation generally." It
was no long leap for the speculative
mind to apply these remarks to the af?
fairs of all sugar companies, and hence
?he precipitute breah i h i cks
American Sugar common tumbled to the
lowest quotation established In more
than a score of years. The simultane?
ous announcement of further price re?
ductions by the principal sugar refin?
ing companies completed the stimulus
which accounted for the decline, which
was facilitated by a lack of demand for
the securities.
Other price chants were moderate
and without significance, as the trading
represented essentially the whims of
professional operators, with a small
volume of fresh liquidation. Monsy
'en*, at 7 per cent all through the day.
The ?puit in sterling exchange car?
ried the pound 3v? cents higher, up t J \
$3B4^i as further buying to complete
end-of-the-year settlements affected the
market. At its high point, however,
?7>ne large banking institution felt the
time was propitious for selling bills
and offered $7.000.000 in sterling, which j
was enough to check the rise and cause
rates to tumble back. to $3.51. repre- ,
renting a slight decline since the clos
ing quotation on Thursday.
Foreign buying continued active in '
the wheat pit," and was the main factor
in cousin" r'c-'S t -'??n ''*' m "!- ? 6
cents a pound, in spite of heavy offers !
from the grain districts. Corn quota- !
tions similarly moved higher, but in the j
cotton exchanges trading was extreme- ;
ly quiet and there was a slight decline !
!n prices.
Money and Credit
There was a slightly heavier demand
for call money yesterday, and the rate
was maintained throughout the stock
market session at 7 per cent. On pre?
ceding days of the week the rato
had dropped to 6 per cent before the
close. The time money market was un
chan??ed.
Yesterday.Year a?-o
On mixed collateral. 7 7
On industrial collateral. 7 7
T.me niurey ?mixed collateral-):
Sixty days . 7%@7% 6
Ninety days . 7l'scP~^ 6
F"ur months. 7 't'7V4 6
Four to six months... 7 @7'.i 6
Bank Clearings ?- Bank Clearings at
New Y-rV yesterday were: F."??changes,
?889.597,679"; balances, $156.454,734.
Silver?London, 41d; New York, do?
mestic, bar, 99Hc; foreign, 64c; Mexi?
can dollars, 49V?c.
Canadian Exchange?N'ew York funds
in Montreal. 5177.50 premium, per
$1 000; Montreal funds in New York,
$150.74 discount per 51,000.
The Dollar in Foreign Exchange
Sterling exchangj developed pro?
nounced strength fo? a time in yes
tet day's market, the rate on London
cl'rr.blng at one time to $3.54-^, a new
hieh for the current recovery In the
afternoon, however, offerings increased
ano one large institution sold ap?
proximately $7,000,000 in sterling bills.
"This forced the rate hack to $3.51 at
th* close, where it showed a fractional
decline from the close on Thursday.
TVe other exchanges were generally
?rrn
Exchange dealers said there had
been a fair'y heavy demand for ster?
ling bills for several days In connec?
tion with the tn-I of the year settle?
ment?.
(Quoted In dollars to the pound.)
Yester- Week
day. Ai?o.
Sterling, demand. 8.51 ".44875
-tr-rling.. cables.3.5175 3.45625
ottrlin?. sixty days. .. 8.4750 3.41375
Sterling, ninety days.. 8.4550 3.39375
(Quoted in cents to the unit.)
Francs, checks. 6.04 5.87
Francs, cables. 6 05 588
P?l2;um francs checks. 6.34 6.20
Belgium francs, cables. 6.35 6.21
Lire, checks. 3 46 3.50
T ire, cables. 8.47 ' 51
Sir'ss francs, checks .15 07 15.47
3v-is? franc?, cables. ..15 10 15.50
Mnrks, checks. 138 1.34
Marks, cables. 1.39 1.35
Gnl'dera, cheeks.3140 30.48
Guilders, cables .31.50 30 58
Austrian <rr?-.wns, chks .2250 .3050
Austrian crown?., cables .23 .31
Fweden, checks.19 R0 19.30
**?'?-? ?den, cables.19 g5 1935
Denmark, checks.15 10 14.70
Denmark, cable?.15.15 14.75
Norway, checks.14 85 14.80
Norway, cables .14 90 14 ?",5
Peseta's. checks.13.06 12 89
Peaeta?, cablea.13.10 12 93
0>e.eee, checks. 7.60 7 10
Creer?, cables. 7 65 7.15
Manila, checks.45/,0 45.50
M?n;la, cables. .46 00 46 00
Tnd'a, rune?*!!, checks. .26.00 26 00
Trdia, rupees, cable?. 26 50 26.50
Japan, yen, cheek* 60 375 50 375
Tapan, yen, cables.. ,60.625 50.696
Argentina, checks.77 25 80 p,or,
Argentina, cable* . . .77 "0 go 875
B?-??!!. B'o, cherks ...14.38 15 875
Bra):!], Rio cables 14 50 16 00
Oecho-Slo-vakia, chka.. 114 1.16
<"7e<-M-S'ov?v?a> rabies 1 16 1 16
Pr.'and, check?.17 50 I8.no
Pcland, cable? .18.00 18.50
"Nrrw York Metal Market
On the New 7<-.>*V Metal Exchange tin
"f?*% dull, with Clan A quoted at 83e to
37c. CAtinn B 30?. v, Z"r, ?nd Strait? aMo
??nt? 83c to 37c. Copper, weak; ?pot,
December and January, 14c. Lead
-weak: *:>?* Yofk ?pot 4 75c a>aked and
Ea*t 8t Loui* ?pot, 4.75e asker! Zinc',
weak: New York ?jpot, 6c and Ea?t St!
LobIi h 70* ??(/?-H
?London mi*?! prieea follow! Lead
? pot, ?22 H, and futorca, ?24 Zinc'
?pot f'/r, |6a ?-,?: 'titur*? ?27 6* 'I'm
??.ari'lnrd ?p/>t and future*. ?74 6a
with ?ale? of 100 ton? ?pot and 900 ton?
future? end ?lactrotytte, ?r,ot. t>v, ?r,<
ftitar*-?. &:*>. Ti*,, ?t*r,rfard ?pM. $7)1
HU? tnXnrt?. ?215, with .,;?,-., ,,f ]t,c,
ton? ?mjcxyt and 4CO ton? future?.
t
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealings
(Copyright, 1920, Nei? York Tribune Inc.)
Dar Temr Janaary 1 te ?at?.
Yeatorday, before, ?to. 1520. 1919. 1918.
Railroad stocka . 201600 298.500 491.700 43,129.400 73.714.500 35.977 80C
O'her atoclia . 463,100 495.200 727.200 173,?J7T.700 230.934.200 105.962 100
All Mod.? . 664,700 793,700 1,213,900 216,807,100 304,648,700 141,939,900
Yesterday. Day before. Vrar a??, 1920. 1919.
|D. 8. roTrrnmant bond*.$18.558.000 $18.204.000 $20,164.000 $2.909.336,000 $2,661,907,000
Kailrond bonda . 3.009,000 2 217.000 2.316 000 343 691000 387,349.000
Oiher bond? . 3,431.000 6,12? 000 4.229,000 395 478 000 4C3.286.000
All bond? . 24,998,000 26,5-8.000 26,709,000 3,648.505,000 3,452,542,000
Record of Stock and Bond Averages
(Copyright, 1920, New Y.iv-k Tribune Inc.)
Yester?
day,
SO railroad ?lock? . 61.70
30 Industrial ?tocka . 71.33
50 Stocks . 67.48
10 Railroad bonda . 72.35
1C Industrial bonda . 82.06
5 Utility bonds . 69.53
25 Bonds . 75.67
Stock-?
Day
before.
62.00
72.07
68.04
Year
aro.
65.30
104.50
88.82
Ronda
72.68 73.33
82.16 90.75
69.23 73.72
75.58 80.38
Ranrethan
far 1920.
nirh.
73.80
110.30
92.05
76.97
91.45
74.53
81.71
Low.
58.60
71.33
67.36
66.73
82.63
67.64
73.94
Ranee full
year 1919.
Hith.
78.80
119.33
99.54
82.80
95.70
87.75
87.91
Hirh. Low. Dit.
1920. 1920. Rnte.
25 ?
14 ?
45 ?
24'/2 4
46
46S-?
72
Adams Expresa .. .
Advance Kumley- 200 15'
de pf . 200 46
Ajai Rubber . 700 26
Sales. Open. Rieh. Low.
200 26". 26% 26%
Net
nos?, ehre. nid. Ask. ,
3
53??
'8 ?
23 4
69 7
51 8
441/2 ?
38'. a 8
54*8 10
22% ?
73 7
147% 118% 12
116% 1C534 7
64% 16% ?
7
95
62%
10334
128%
613-4
101
6 % ?
36/2 7
37 4
35! 2 ?
9 1
51 3
793/4 6
95/2 7
?% ?
15'2
30%
122
53 "a
119'/:
14'/j
95
109'4
107
17?4
30'/;
72
102%
83
85
50
142
118/
1063-?
1123/4 92's 8
283 1041/4 12
97% 85% 6
Alaska Gold Min? ,. 400 I
Alaska Juneau. 1220(> 1
AIILs-Chalmer? . 1200 30
do pf . 2n0 70
Amer Arri Chemical. 2400 55%
Allied Chemical . 60O 47%
Amer Beet Suear . .. 3900 46%
Amer Bosch Mat ?? 600 55%
Amer Can . 3600 22%
do pf. 700 75
Amer Car & Fdy ... 1600 121% 122% 120% 122
do pf. 200 107% 107% 107 107
Amer Cotton 011 . 1800 17'/i 17'/4 16'/2 17
80 Amer Drue Syndicate 1400 7!
15i/2
46
26%
1
1'/?
30
70
06%
47'/a
46 "2
56! 2
23'g
75
15%
45
26
2614 +
15%? %
45 ? 1/2
26'/ l/2
26 27'/
153-8 15/3
43/2 45
26 26/
3 a
V,
?,a
38'/a
65'-4
22/2
73
1
1
30
76
56/?
47'. 2
40
57
7/e
Amer Hide & Leath 200 63/4 634
do pf. 1900 38 38'8
Amer Ice Securities. . 600 39'4 39'/4
Amer Inter Corp- 3900 36% 37/4
Amer La France. 603 9% 9%
Amer Linseed . 900 52% 62%
Amer Locomotive_ 600 81/2 81%
29% 29%? % 29
70 70?1 70
55/4 55%? I/4 55%
47 47/4? Va 47
39?7 39
5534? % 553?
22' 2? % 22% 23
73/2+ % 73/2 75
? 121/2 122/4
? 1 107 107!2
? % 16% 17'2
7 ? % 7 7/8
6"'a? '/<(? 6/4 63-4
36%? 2/4 3634 37/4
39 ? 1 39 42
36%? % 36 361/4
91/2? % 9/2 9%
61%? 1/8 50 52
81% + I/4 81% 8134
do pf. 700 100% IOO/2 IOO/2 100%+
8%
39
80%
68
80
26
83/a
99%
66%
4C%
83
68I/2
Amer Safety Razor.. 600
Amer Ship & Com... 8600
Amer Smelting: . 8900
do pf. 2200
do pf A. 200
Amer Snuff pf. 100 81%
Amer Steel Foundry 1900 29%
Amer Sucar . 240") 85%
do pf . 700 100
Amer Sumatra Tob.. 400 68
Amer Tel & Tel. 9100 97%
Amer Tob?cea . 300 112% 112% 112% 112%
60'
32!
7
165
61%
21%
66'/'a
24
20%
8/4
67%
74%
753/4
903/8
82
12/?
1041/2
176/2
22' a
148%
49%
54
50/,
43/a
!05'4 100 8
65 23 ?
32/a 2% ?
96 4834 5
1021/2 51 5
114 100 8
923/4 83 8
do pf new. 600
Amer Woolen . 9700
35% 4
10% ?
7 _
2 ?
18 4
39% 6
40 7
74 6
72 5
5 ?
82/a 7
99% 10
17% ?
85 7
2,'% ?
40% 4
33
35
Am Writing Paper pf
Amer Zinc .
Anaconda .
Austin Nichais.
Atlantic Fruit .
Assets Real Co.
Associated Dry (?earls
d? 1st pf .
do 2d pf .
Atch, Top & San Fe>
do pf.
Atl, Birm & Atl.
Atlantic Coast Line.
Atl, Gulf & W I.
Atlas Tack.
Baldwin Loco Co . . .
Baltimore & Ohio. . .
do pf.
2?% Barnsdall A .
2/2 do B .
87% 87%
60/, 61 Vz
32/a 32%
1063/4 107%?
18 18 +
17
13/
65
15
129
11%
29 %
27%
2S38
85'. a
?16
59
69
134
11 /a
100
104%
108%
240
613/4
1643-4
70%
17! 4
33%
44%
65
91%
12Q3.t
111%
41%
8-V%
71%
62
69
21 "4
41%
106
403/4
44%
3 6 %
65%
92%
67
56
95%
2"%
923/4
141/2
105%
46%
278%
100
60%
593/8
85%
9
16%
36%
13
535
28
29
147
104
21%
30%
223/4
43
78
95
91%
I 11%
4334
135
43
36 %
19%
1343-,
84%
9% ?
52 ?
48% ?
2% -
80 10
3% ?
4% ?
*8
8/a ?
10 ?
10% ?
60 6
1538 ?
42% 7
42 4
110 10
5 ~
81' a 7
35% ?
85% 7
175 8
25 4
72% 10
47 4
4% -
17 ?
25% ?
38 ?
6534 5
Barrett Co crfs .
Barnett leather ....
Beth Mol ors .
Beth Steel .
do B .
do 8% pf .
Bklyn Edison .
Bklyn Rapid Transit
do ctfs .
Bklyn Union Gas . . .
Booth Fisheries Co. . .
Burns Bros .
Brunswick .
Butte Copper & Zinc
Butte & Sup Copper.
Butterick Co.
+ 2
600
200
2900
1900
400
Cad''o Oil . 1400
300
300
200
200
700 112% 112% 112% 112%
60 8
23 % ?
64 7
54 6
36 ?
62 5
734 -
17% ?
45% 8
20 --
25% 3
20 ?
10 1
63 7
50 5
34% 4
73% 7
69
6
62%
17%
26/2
78/a
82 ?
26% 4
17% ?
54 7
Cal:fornia Packing
California Petrol .
do pf.
Calumet & Arizona
Canadian Pacific . .
Case Plow .
do pf.
Central Leather ,.
do pf. 600
Central of N J. 100
Cerro De Pasco. 1400
Chandler Motors. 2400
Chesapeake & Ohio. . 700
Chic & E IllinoU pf 900
Chic Gt Western pf. .
Chic, Mil & St Paul
do pf .
Chic & Northwestern
do pf.
Chic Pneu Tool.
Chic, R L & Pacific. .
do 7% pf.
do 6% pf.
C, C, C & St Louis. .
do pf.
Chile Copper . 8100 9 9
Chino Consol Copper. 16C0 18% 18%
Clnett-Peabody . 3C0 46% 47
Coca Cola . 1100 2r% 20%
? Colorado Fuel & Iron 1400 26% 26%
Colorado & Southern 200 26% 26%
I Columbia Graph _ 17600 103,? 10%
do pf. 200 63 63%
5 Columbia Gas & Elec 700 54% 54%
1 Computing Tab Rec 200 34% 34%
7 Consolidated Gas .... 900 79 79
Consol Int Calla Min 700 5% 5%
? Continental Can .... 100 62 62
1 Continen'al Candy .. 400 5% 5%
4 Corn Products . 3400 65% 65%
3 Con Textile . 200 18% 18%
2% Cosden Co . 19C0 28 28%
8 Crucible Steel . 9700 80% 83
7 do pf. 200 82 82
4 Cuba-American Sogar 1900 27 27
Cuba Cane Sugar ... 5600 1834 19
do pf . 2400 61% 61%
Denv & Rio Grande. 600 % 1
do pf . 1400 13,' 15,
10/a?
12%?
62 +
24% +
68 -
42% +
400
6900
4900
1600
7600
200
400
100
200
'? "*
10
15
9'/,
510
15 ?
5% ?
513/4 6
843/4 7
9% ?
17% ?
12'% -
32% ?
71 5
45
71
5
25
80
2.30 De Beers .
1 Domef Mine?
East Kodak ....
Elk Horn Coal
Emerson-t?rant
Endicntt. Johnson
do pf .
Erie . 2400
do 1st pf ...._ 2!00
do 2d pf. 200
Gen Asphalt . 16700
do pf . 9C0
Famous Player?
do pf .
Fed Min & Smelt . . 2r0
do pf . 1200
50
2700
2200
400
Fisher Body .
10% ? Fisk Rubber Tire . .
13% ? Freeport Texas ...
1% ? Gaston Williams ..
117 8 Gen Che in Co ctfs. .
84% 6 do pf ctfs .
77% 49 2 Gen Amer Tank ...
75% 54 6 General Cifrar .
182 118 8 Gen Electric Ce ..
do rls .
General Motora .... 19100 13%
do pf . 200 68%
do 6% deb ....... 4-3*0 60%
do 7% pf . 1600 7O34
Goodrich, B F. 2700 34
Granby Mining . 100 18%
- HomeMake . 100 50
7 Great Northern pf ., 3900 73
4 Great North Ore sabs 4600 26
.50 Greene Can Copper.. 700 18
2 (.nan'anarno Huj-ar . 100 ?14
Gulf, Mobile & North 100 9
do pf . 700 21%
Golf ?State* Steel_ 1600 32'%
Hupp Motors . 1600 9%
Ha^k & Bark Car Co 700 54%
4/4
42
893/4
85%
93
86%
65%
71
91%
41%
38%
20%
17 %
35%
84%
23%
78%
116%
97%
27
61%
6%
17%
142% 88
11? 100
61% 11'/
2% ?
12% 1
64% 8
60 6
69% 7
333/4 6
18 ?
45 ?
653/4 7
25 4
17 %
14
7 ?
21% ?
30 ?
9% 1
60 4
7O/4 ?
80% 7
10% ?
2'/% 4
1% 1% 1% 1%+ % 1/
16% 16% 16% 16%+ % 16
10% 10/4 10% 10/4- 10
510 510 ? 5 509
15 15 ? % 35'/
% 6% 6/2+ Va 6
% 51% 52%? % 52'/
% 85 85% + % 85
12% 12/2? % 12'
% 18% 18 '/a? % 18'/
% 13% 13%- 13
383/4 42 + 2% 42
74% 78 + 4 75
45% 46 ? 13/4 46
71% 7I/4? 1% 71
5 5 - 5
% 25 2?3/8_ i/8 25
82 82 - 82
% 10% 10/2- 10'
% 14 14 ? % 14
% 2% ? 2%-? 2'/
200 122% 122% 1223/4 1223/, a- 1% 122
100 84% 84% 84% 84%- ?
200 50 51 50 51+2 48
100 54 54 64 54 - 54
2900 1193/4 1193,4 118% 1191/8? % 119
400
100
30 513
400 15
700 6',
900 523/
1200 85',
600 46
200 72
%
%
?'/*
111 %
179
913/4
80
47%
28%
8%
7/4
21%
44%
3
87%
W%
1 162%
1?
Houston Oil . 9900
Illinois Central . 3600
Inter Agriculture ... 700
Inspiration Copper . . 7100
[nterbor-Con Corp .. 700
? do pf . 600
? Inter Harvester . 1400
7 do pf .
? Int Mrr Marine. 700
44 fl d? pf . 2200
28% ? Int Motor Track. 200
45 ~ Inter Paper . 1200
7<l 6 do pf ?M?* . 100
20% ? invincible Oil . 2000
12 ? Ifiler Nickel . 3'j0'i
e% .60 Indiah.iiria . 1MX>
4% ? Islund Oil . 4P.00
%
7% -
1'/ 2
\Z% -
40 4
?4 1
m n
Jewel Te? .
d() pf .
Jhiii-h leu .
Hun-.?? City Bonth.
do pf .
Kelly ? prinafieM . .
do 8% pf.
200 3'/
100 8|
900 16
400 18'/
300 44
1400 3f)
200 81
fl:gh.
1(120.
'15
33'/2
48%
9134
57%
38%
56%
2C7
36
DIt,
Rate.
115%
183%
112%
45
6934
6534
3O/2
33
6234
222
?e
71%
523/4
21
11
18
31%
55 %
40
69%
10034
125
59
98
13
89%
931/4
834
17%
65%
117
84'/',
48'/2
37/4
273^
29
1051/2
61
95%
77/4
22%
29%
5%
9%
28%
41%
65
39! a
78
61 ?4
3838
11638
1113/4
471 a
44 "
36(4
45
32
57%
68
42' s
44' -,
82%
108' -;
23 %
72'/;
50%
397 4
80'- 4
273/4
113%
68
124
120
106/2
22%
103
61
65/a
29
124%
10634
93/2
123%
25>/4
Low.
1920.
40
1634
5%
47
35
16
39%
12714
161,2
9%
102
125
94
10'2
57
66
38%
12/2
2
3%
148
15
10'4
30/a 4
9 ?
3 ?
334 ?
16% ?
36 ?
14/8 ?
49 3
93'/4 7
97 7
45'.
Kelsey Wheel ?Ce
Kennecott Copper . .
Keystone Tire .
Lackawanna Steel . .
Laclede f?a? .
Lee Rubber ft Tire..
Lchi?h Valley .
Liggett & Myers Tob
Loews. Inc .
Loft Candy .
Loose-Wile? 2d pf...
Lorillard, Pierre ....
Louisville ft N?sh...
Mallinson .
Mackay Cos .
Manat? Sugar .
Manhattan El?rrat?Ml .
Martin Parry .
Maxwell Motor Co. ..
do 1st pf ctfs.
Mexican Petroleum
Miami Can Copper..
Balen. Open. High. i^?w. CToce. cl
900 ?W 40 40 40 ??
?MOO 16% 17 "8 1?'/2 16%+ V
1600 7/4 7% 7/8 7/4? V
3400 49% 50 48/2 49 ?1V
200 40% 40% 40% 40%? '/
300 I6/2 16% 16% 16/2? 3
1600 54 54 53/2 331/2
50 130 130 130 130 -
2100 16% 16% 16/2 I6/2? 1.
1900 10 10% 10 10%
200 103% 1031/4 103% IO3/4
200 127% 127/s 125/2 125/2? 1}
200 98% 98% 98 98 -
300 10/2 10% 10 10 ? 1
200 57 57 57 57 ? ?
700 66% 66/8 66 66 ? 1
900 46/2 47 46/a 463/4? 1
200 12% 12/2 12% 12/2
200 2/2 2% 2/2 2/2? \
200
1.60 M'ddle State? Oil. .
20900*162% 163 1603/4 160%? 3% 160% 161%!
600 1334 15% 15% 15%- 15/4 15"'
7600 11% 12% 11% 12 ? % 113/4 12
Midvale Steel . 8100
83%
21%
17%
33%
40%
40
49%
11%
20%
24/3
243
13
90%
43%
118/a
24%
310
33%
66%
91%
730
-a
83
2%
45
66%
3-3/4
8
31
78
64%
17%
15%
16
10
85
48
6674
30
10%
10
3%
3/2 -
23
13% ?
45%
37% -
12% ?
41%
15%
71%
66
12%
37%
7% '
27 -
15 -
37
55
30%
28| 2 '
19% ?
59
10 ?
51/4
30 -
21%
66%
12
77
54
99%
41
80%
10
643/4
32%
33%
20
58%
8/
34%
49%
3
12%
2%
113/4
I5/4
23
11
20%
6
10
14%
89%
5
365-p
Minn & St L new... 14?90 103
Mo, Kansas ft Texas 1400 31
do pf . 400 41
? Missouri Pacific _ 1500 17V
? do pf . 21C0 37
? Mont Ward & Co_ 800 14V
3 Montana Power . 100 49
7 do pf . 300 931
7 National Biscuit .... 200 101
? Nat Aniline ctfs ... 600 48'
7 do pf ctfs . 200 84!
? Nat Con & Cable .. 300 3
6 Nat Enamel & Stp.. 200 47'
6 National Lead . 600 68
? Nat RR Mex 2d pf.- 200 5
~ Nevada Consol Cop.. 3600 8*
6 N O, Tex & Mex_ 40O 58
10 New York Air Brake 400 82
6 New York Central .. 2700 69
2/2 NeW York Dock .... 200 20!
? N Y, N H ft H. 16900 16
1 N Y. Ont & West... 200 16:
? Norfolk Sou-hern .. 100 13!
7 Norfolk ft Western.. 900 97
5 North American ... 200 50
7 Northern Pacifie . .. 4600 76'
5 Nora Scotia Steel .. 1400 30
1 Nnnnally . 1200 11
2% Ohio Body . 2C0 10
.40 Ok!? Prod A Ref . . 3600 3
? Ontario Silver . 300 4
2 Orpheum Cirenlt ... 1500 24
? Otis Stee! . 400 14
3 Owens Bot Mach ... 2100 46
? Pacific Oil. 2600 37
Pacific Develop _ 200 13
5 Pacific (ins ft Elec.. 200 47
1 Pacific Mail . 300 15
6 Pan-Amer Petrol . 10200 *76
6 ^do B . 700 *70
4 Parish ft Bingham . . 400 13
3 Pennsylvania Rail . . 4900 39
?- Penn Scab Steel ... 700 7
?? People's (?as ft Coke. 81C0 35
? P?re Marquette . 2200 16
? do pf . 100 37
5 do prior pf. 200 5?
3 Philadelphia Co _ 1400 34
? Phillips Petroleum ,. 1900 2S
Pierce Arrow . 2100 1?
do pf . 200 l?
Pierce Oil . 1400 1C
Pittsburgh Coal .... 900 5?
Pure Oil . 1200 3?
1%
%
- Pitts & West Va_ 600 30
6 do pf . 200 71%
1 Pond Creek Coal_ 200 13%
8 Pressed Steel Car.... 1200 80
Pub Ser Corp of N J 100 54
8 Pullman Co . 3700 101
8 Punta Alegre Sugar. 5800 40
8 Railway Steel Sprifi? 400 *81
1 Ray Con Copper. 3100*11%
4 Readme . 12900 82%
2 do 1st pf_._ 700 53
2 do 2d pf. 900 57%
Rand Mines . 200 21
6 Rep Iron ft Steel_ 6600 59%
7 do pf . 400 87%
? Replogle Steel . 600 70
5.20 Royal Dutch . 9600 58
205
70
18
50
79
600
113% 100/
51%
118%
126%
160
14
20%
133-3
53%
47
533a
16
95%
34%
38%
66 Va
38
129%
69! 4
53
26
25
393/4
104
8%
11%
7
40
17
24
10
?181-4
36I4
20/j
110
61/?
30' j
Santa Cecilia Sugar. 300
Savage Arms . 600
Saxon Motors . 200
St Joseph Lead. 400
St Louis ft San Fran 2400
do pf . 400
St Louis Southwest. . 900
do pf . 30O
Seaboard Air Line... 2C0
do ?.f . 200
Seneca Copper . 1600
Senrs Roebuck . 8900
Shatturk Arizona ... 2C0
74 Shell Trans ft Tr.. . 1900
Sinclair Oil . 8900
? Southern Pacific ... 19600
rio rts . 16400
! So Porto Rico Sugar 200
Southern Rail . 4900
do pf . 300
Steel & Tube pf _ 100
12%
Standard OU
60 602
224--H 176 12
15%
25%
55%
78%
116%
69%
96%
1433/4
115%
76
109
1 I534
80-<R
13%
97
801/4
112/2
21
13
3"%
23%
76
15%
27%
40
7H
92%
119
65! z
25
82%
16
28
69%
32
93
145
95%
933/4
76
7%
10' ';
39%
16/;
63%
35%
51
58/s
9'J%
29'/;.
78 4
10-%
48'
2
7
35/4
29%
91
6%
7
19/?
13
46%
?%
1 I
20' -,
54%
80!...
89/4
40%
14>4
XI
9
la
31/a
5/?
26
100
39
7b
65
do pf . 1200 103% 103% IO3/4 103%
Stewart Warner .... 400 26% 26% 26% 26%
Rtromberg Carb _ 1600 29V4 29% 28 28 ?
Slndebakcr . 14100 40 40% 39% 40%
Stand Milling . 100 104 104 104 104 ?
Submarine Boat .... 900 8% 8% 8% 8%
Superior Oil . 700 13 13 12% 123/4
Tenn Cop ft Chen? . . 2200 7 7% 7 7%
Texas Company _ 8900 42% 42% 42% 423?
Texas & Pacific - 300 17% 17% 17% 173^
Tex Pac Coal ft Oil. 1400 35% 35% 34% 34%
Tide Water Oil rts.. 300 14% 14'/e 14 14 ?
Tobacco Products . . 1600 50 50 493/4 50 ?
Times S(? Auto .... 700 8% 8% 8% 8%
Tr.-in.scon Oil . 8100 7% 7% 7 7%
Transue W Steel ... 300 37% 37% 37% 37'%
I'nion Oil . 3100 21 21 20% 20%
Union Pacific . 4G00 115 115% 1147a 114%
do pf . 400 64% 65 64% 65
Cnited Alloy . 300 30% 3C% 30% 30%
United Fruit . 600 200 200 198% 198'-7,
United Ry Invest ... 600 9% 9% 8% 8%
U S Ca.st 1 P & Po.. 400 11% 12 11% 12
do pf . 300 42% 42'/4 42% 42"4
U S Food Prod - 1900 18% 18% 18% 18%.
U S Ind Alcohol.,.. 1600 64% 64% 63/2 63%
U S Realty ft Imp.. 400 39% 39% 38% 38%
United Retail Stor?. 3100 51% 52% 51% 613/4
United States Rubber 4600 62% 62% 61% 61%
do 1st pf. 400 99% 100 99% 993/4
U S Smelt ft Ref... 400 32 32 31 31%
United Slates Steel.. 271O0 79 79% 78% 73%
do pf . 2400 106 106 105% 105?.
% 114% 115%
I'tah (7opper .
l.'tah Secur Corp . .
Yanndium Steel
\ irr inia-t.ar Chem
do pf .
34C0 ?48'i
600 9
1300 37'/
1430 30^i
300 93
Viva'udou . 16C0 7:,?
Wabash .?. 1400 7'
do pf A. 2300 20
do pf B. 300 13/
Wells Kargo Express 400 52
Western Maryland . . 200 10
do 2d pf. 300 15
Western Pacific .... 200 26',
do pf . 200 69
Western Union Tel. 400 83V'
Westing Air Brake. 300 91
Weatinghouse Mfg .. 1900 41'
White Oil . 110O 15}
Wilson ( ?1 . 600 38
Wheel ft Lake Erie. 2600 9'.
?I? Pf .100 17
White Motor? . 1400 34'/
Willys Overland .... 2600 6'
do pf . 1400 31
Woolworth . 200 106',
Worth Pump AM.. 200 39!
do pf A. 300 75
do pf H. 200 67
%
?Ex dividend
Exchange (,'liih Elects Officer?
The Foreign Exchunga Club <>f Now
Y?il< h:iM elect?' I Gci>rgo 11. Kietz, of
the National Park Bunk, nresident,
succeeding Norlh Mcl.enn, ?>f the?
Nlpchnnicn and McIhIh National Bunk.
The new vlco-protild ?'?in nie George L.
Leblanc, of thei Equitable Trust Com?
pany, und B, A. Dili?, of the Nutiomil
? City Bank. Robert B Raymond, of the
[Chemical National Bunk, Ikih been
chosen accretary and treasnier. The
I new executive committee consista of
I Fred I. Kent, of the Bankers Trtiat
i Company; Ralph Dawson, of the Guur
I anty Trust Company; C. J. Stcph
onson, of the Canadian Bank of Com
mi>rce, and North McLean, of the !
I Mechanics and Metals National Bank.
In Wall Street
Ryan Settlement Soon
Negotiations in progress between the
attorneys of Allan A. Ryan and the
group of banks r.o which Mr. Ryan is
indebted, according to bankers, have
neached the stage where announcement
of asi agreement will probably be
made the early part of next week. Al?
though it was denied yesterday that
any papers have yet been signed, it is
understood that Mr. Ryan's loans from
the banks will be extended for a period
of two years, with the assets turned
over to a number of trustees. It was
reported that one of the stipulations
by which this underwriting has been
arrived at was that Ryan's suit against
the Stock Exchang: for $1,000,000 dam?
ages would be dropped. It was also
reported that those associated with
Ryan in the purchase of Stut?. Motor
shares in the adjustment with the
"shorts" have made final settletnent in
the pool account at a considerable loss.
Increases Margin Requirements
An important Broadway wire house,
which has always had the reputation of
demanding ample margin requirements,
has notified its customers that a* fur
; ther increase will be put into effect
after December 23. Tite average re?
quirement of this firm ha? been from 33
to 40 per cent of the customer's debit
balance, but this is to be advanced to
50 per cent. The reascri given was
that the firm did not wish to encourage
speculation in a market like the pres?
ent one, where the day-to-day fluctua?
tions are hard to catch.
Selling for Tax Purposes
? Brokers repoit that there is still a
large volume of selling going: on by
individuals who wish to establish losses
! in their 1921 income tax return. One
j large commission house said it knew of
! a large selling order in American
Sugar Refining for this purpose. In
; this quarter it was also stated that a
lot of taxation selling is going on in
General Motors.
Risky Business
Kxperts who work every day with the
foreign exchanges and who are con
'] versant with the rapid fire ups and
downs for rates, do not look for much
activity in way of arbitrage in
stocks between New York and Lon?
don. Until the exchange market
quiets down and cea3es its wild gyra?
tions, arbitrage dealings will be ex?
tremely risky, the exchange men say.
"An arbitrageur might one minute see
a profit in a deal between London and
?New York" said one exchange author
1 ity yesterday, "and the next minute a
i swift movement in the exchange rate
| might more than wipe the prospective
? profit out."
Sears Roebuck
' Despite the reassuring statement is
I sued earlier in the week relative to
! the Sears Roebuch dividend, the stock
| continued to display pronounced weak?
ness yesterday. After selling at a
I high of 9278, the stock slumped to
?89',-4 in the late trading and closed
with a net loss of 3^ points, making
i a new low record for the year. The
i statement of Vice-president Loeb
relative to dividends said that the
I next regular disbursement will be
j voted in February unless something
i calamitous happens.
A Message from Madrid
William H. Remick, president of the
! Stock Exchange, received a cablegram
?yesterday from the head of the Madiid
: Stock Exchange recommending the
! purchase by American investors of a
j new Spanish government issue of 450,
! 000,000 pesetas treasury bonds. The
? bonds are to run for six months with
the right of renewal for a full year.
The head c# the Madrid bourse points
out the possibility of a profit on ex?
change if the bonds are purchased at
the present depreciated value of the
peseta.
C. & O. Equipment Financing
Equipment ordered by the Chesa
, peake &. Ohio Railway will cost ap
| proximately $8,118,050. This will be
j financed partly by $-1 500,000 equipment
trust certificates recently authorized by
the Interstate Commerce Commission
and a loan of $3,759.000 from the gov?
ernment revolving fund, part of which,
however, will probably be used for
' other corporate purposes. The new
j equipment consists of twenty freight
j locomotives, five switching locomotives
? and 1,000 steel cars, which will form
j the bulk of the total expenditure.
Railroad Mergers
Professor William Z. Ripley, of
j Harvard University, who has beets re
! tained by the Interstate Commerce
j Commission to make an investigation
of possible railroad consolidations per?
mitted under the new transpo;tation
j act, will present his report shortly
; after the turn of the year, according t*o
i dispatches to the financial district from
! Washington yesterday. Professor Rip
| ley has been diligent in his search for
j suggestions and lias conferred only re?
cently with railroad executives here.
He has attended numerous meetings
! where the question of transportation
j lias come up, and railroad men believe
that his report will contain many
practical suggestions for the I. C. C. to
utilize in drawing up a tentative plan
for merging roads in certain territorial
groups.
Steel Price Averages
The disparity between the steel
prices quoted by the independent man?
ufacturers and the United States Steel
Corporation h.i? narrowed down as a
result of recent revisions until it now
amounts to but $3 in the average. In
other words, the independents are ask- I
inp an average price of $(".6.49 a ton on
eight leading steel products, whereas i
the corporation's average is $63.49. !
There has been practically 310 change
in the average price of the independ?
ents this week.
To Offer New Stock
Official advices received in the Street
from London ypstcrday were to the
effect that the Mexican Eagle Oil Com?
pany is p'anning to offer new stock :
for subscription at the rate of one :
share of the new for every two shares '
now held. Control of tl3i.~- company
was acquired several years ag) by the
Royal Dutch, and it is one of the !arg- '
est producers of oil in Mexico.
Stock? Ex Dividend
Hate Coi .puny !'er Cent
flee 20?Albany ? Susi] It Ft Co ?pec. .. 2
Dec 20?Amor Ag?.- Cher? Co, com.... 2
Dei: 20? ilo pf . 1 Mi
Deo 20?Amer T?l ?- T?-I?'S Co. 2
Dec 20?California Petrol Corp pf. Is*
Dec 20 -Chandler Motor Car Co... 2--,,
D.-o. 20?Chic, Hurl ?V- Qulncj II 11 Co. 2
Dec Id?Co! & Southern Ry Co lat pf. 2
Dee. 18? do 2d pf. 4
Dec. 20?Cona Intcratatc-Cal Mln Co.. l?
Doc. 20?Continental Can Co, I no. 1\
Dee. 20? do pf . 1 "*
Dee. 20 ?Dayton rower ,fc Light Co pf. IV?
Dee. 20?l?)alrbanka Co pf. 2
Dec. 18?Ouantanatno Sugar Co. S
Dec. 20?Hondeo Mfg Co pi. 1 **
Dec. 30?Joliet ?v Chicago R R Co.... 3 -\ ?
Der.. 20?Kreaa, S 31 ?- Co, pf. 1\
Dec. 18?Dooae-Wllea Blscull Cn 1st pf 1\
Dre. 20?Malllnson, II H & Co, Inc. pf. 1 \
Dec. 18?Manila B31 It U & I, Corp.... IS?
Dec. 20?Manhattan Blec Sup Co. Inc.
temp . IS
Dec. 18?Mexican Petroleum Co. 3
Dec. 38? do Pf . 2
Deo. 18?Pan-Am Pet * Tran Co. It?
Dec. 18? do Claw C. IS?
Dec ?'0? Penns Co .i ?3 pf . l \
Dec. 20 ?Pierre CHI Corp pf. 1
Dec. 18?Railway Steel Sprint; Co- 3
Deo. 18?Ray Cona Copper Co. ?*
Dec. 18?Sloas-aiinff Steel & In Co pf 3 \
Deo. 20- si ron, li Curb Co of Am, Inc. S
Dec. 20?Tobacco Prod Corp pf... 1\
Dec. 30?Unltod Prull Co. 4
Dec. 18?U S Trust Co.2f>
Dec. 18?Utah Copper Co. IS?
Dec. 20?Wbrthlngton Pump & Mach
Corp, V T Ctfs. pf A- 1%
Deo. 30? do Vf B. 1%
?
Irregular Trend
Again Prevails in
Trading on Curb
Standard Oil of N. Y. in De?
mand and Corporation's
New Bond Advances; Mo?
tor Shares Continue Active
Securities of Standard Oil of New
York featured trading on the curb mar?
ket yesterday. The stock was in good
demand and advanced sharply, selling
up to 341 at one time, an upturn ol '?I
points from the low. The close was
?30. The new bonds of the $30,000,000
issue sold at a slight premium.
The California company's bond was
at a discount at one tim?, however, but
rallied to par on the final sale. Trad?
ing in the bond gronp was active
throughout the day, the other gTOUDS
being more or less neglected. Oils.
were slightly weaker and industrials
ruled irregular.
Motor snares were fairly steady, as !
a rule, although there were a few weak
spots which yielded under pressure. \
United Retail Candy eased off frac?
tionally, but Sweets was steady at 2hts.
Maracaibo was slightly lower at 13%,
I and Sa.t Creek ~ie st, ck >r ?-:e u.use. id
! again. Carib Syndicate declined to 7%.
Industrials
Salea Open. High. Low. Last.
looo ?Aetna Exp... 94 94 9H 9%
800 *A1 Pack Ino o 6% ? 54 6
600 ?Air Reduction 39 3? 37 38
100 ?Am Chicie .. 28 28 28 28
200 ?Am Haw S S. 30 80 30 30 i
100 Auto Fuel S... 67% 67% 67% 67%
200 ?Br-A T coup. 11% 11% US "I
30? ?Car Lt & P.. 2% 2% 24 2%
1000 ?Chalmers ctfs % % % H
300 *Chi Nipple... 7% 8 7% 8
300 ?Cleveld Auto. 45 45 4?*- 44
200 ?Cr Ch:n com. 14 14 1 ?4 !'/? i
500 ???m Tu & S.tl 18% 19 38% 19 (
20 Firestone T pf 72 73 72 73
200 ?He.rcules Pap. 17 17 16% 16%
i200 ?Heyden Chern 2% 2% 24 2%?
300 Ind Packing... 3% 3H 3% 3% I
1000 ?Kay Co Gas.. 1% 1% 1% 1%
65?Leh V Coal 3 64% 65 644 65
1000 ?Mercer Mot... 3 8 1 1S
400 ?Munson Fur C 144 14% 144 14%
600 No Am P & P. 4% 4% 4 S3 4%
300 ?Peerless Mot. 1? 19 19 19
700 Perfection T.. 1H lA 1% lA
300 ?Pr Sh C&RSC % % % %
200 ?do pf . 1% 1 % 14 1%
200 ?Pyrene Mfg.. 8% 9 8% 9
2500 ?Radio Co w S. 2 2 3% 1%
3 500 ?do pf w t.. 2% 2Si 24 2%
23J0 ?Republic Rub 1% 1% 1% 1%
200 ?Roy Fr T P In 3% 2% 3% 3%
2500 ?Sweets Cof A 2% 2 4 2% 2 4
200 ?Swift Inter... 25% 25% 25% 26%
400?Tob Pr Exp.. 7% 7 4 74 7 4
75 ?Todd Shlpyds 72 734 73 724
15000 ?Triangle Film A % A %
100*Untd Motors.. 354 354 35% 354
800 Un Profit Sh.. 14 14 1% 14
1500 ?Un Ret S Cdy 7% 8 74 74
200 US Dlntrib_ 294 294 294 25 4
2500 *U S Dt &. Ht. 4 % '? H
600 ?do pf . 1 14 1 14
1 BOO U S Ship Cor.. 14 14 1 14
650 ?Willys 1st pf. 24 24 19 19
Standard Oils
Sales. Open. High. Low. Last.
30 ?Eureka PL.? 90 90 90
20 ?Ohio Oil. ? 283 288 28?
260 *S ?olNT..- 341 ?29 330
Other Oils
Sales. Open. High. Loir. Last.
12000 ?fAlUed Oil... 17 IS 16 16
4200 ?Boone Oil- 14 14 14 1%
3500 ?tBos-Wyo Oil Vit 4 % %
4500 ?Carib Trad... 74 7% 7 4 7%
1000 ?Cit S B T Sh. 214 314 SI 314
2200 ?Cushing PeL. A A % A
1200 ?Denny Oil... 14 14 1 14
2100 ?Elk Basin P. 7% 84 7% 84
4500 Engineers Pet. 14 14 14 14
1500 Federal OH... 24 24 " 24
100 ?Gilliland Oli. 17 17 17 17
j 600 ?Glenrock Oil. 2 24 2 24
1100 ?Granada Oil. 54 54 4% 4%
1500 ?Guff-Gill Oil.. 204 264 25% ?6
150 *do pref_105 107 105 107
1500 ?Hudson Oil.. 4 % 4 4
3300 ?Internat Pet- 16% 16% 164 16%
1100 ?Lyons Oil.... 11 % %
80O ?Maracaibo O. 134 134 13 134
155 ?Marland O?!. 22 22 22 22
700 ?Merritt Oil C 114 114 H*i 11%
1700 Mexico Oil- 1% 1% 1% 1%
3500 ?Midwest Tex. 4 A 4 A
3000 Nobl-i O & O. f? ft ?U t?
2700 ?No Tex OH.. 4 4 % 4
500 O O & G (n). 24 24 -34 2% i
400?Pennock Oil.. 54 64 & 5
BOO ?Red Rock Oil % % % % ;
1300 ?Rick Tex Co. 4 4 4 4
200 ?Ryan Con wi 114 11% 114 11%
100 ?Salt Crk Prod 26% 264 264 264
400 ?Salt Crk (nw) 9% 10 9% 10
4300 ?Simms Pet... 64 6% 6% 6%
2500Skelly Oll. 7 4 7% 7 7 4
8600 ?Tex-Ken Oll. % % % U
9200 ?Texon O ?4 L % a 4 %
3300 U S OU Corp. 1% 14 1 14
3 300 ?Victoria Oil.. % 1 4 1
2000 ?IVoodburn OU 14 14 14 14
Mining
Salea. Opea High. Low. Last.
4400 AI-Br Col Met. 4 4 4 A
214 ?Alvar M & M 9 94 9 f?
2700 Ar Globe Cop.. H % A 4
3200 ?tAtlanta .... 1 14 1' \u.
2800 ?tBelch D (a p) 3 ' 2 24 24
3800 ?tBelch B (a p) 4 44 34 4?
1500 ?tl-?ooth . ?; 3 3 3
IOOOO fBost it Mont. 42 42 41 42
3500 ?tCaledonla ..16 IS 1? 17
3750 ?tCandelarla S 12 12 \ \ 4 \\y.
3500 ?tCashboy _ 6 0 6 6
lOOCons VIr Silv.. 2% 2% 3% S%
3100*Cortez Silver. 63 64 62' 64
600 Cresson Con G14 1% 14 \y.
5800 DIv Ext (a p) 28 29 28' 2S4
?800 Emma Sliver.. 24 .! 24 S
?0000 'Bur Cr M Co. 39 39 37 ' 38
3000 ?tEureka Holly 14 1% 14 ju
2200 ?Forty-nine M, 4 4 4 ?
12700 ?tGold Z Div. 22 23 "2' 23
2800 ?tGoidf Cons.. 5 5 5 5
2500 *+Goldf Dev. .. 34 2 14 2
S500 ?tHarmill D M T' 24 19 ' 24
750 Hecla Mng ... 4 4 4 Vi 4 4 4 A
1250 ?rJim Butler.. 16 17 l? 17
2300 t.Iumbo Exten r, 5 6 3
2700 ?tKewanas ... 34 2 1 4
3600*tKnox Dl\-ide 7 s 7 8
5000 ?Lone St C M 44 44 44 4%
1000 Louisiana Cons % 4 4 *-.;
IO00 ?fMacNam Mg A A A A
600 Magma Copper 17% 374 17 17
3500?tMarsh Mng. 64 7 64
200 ?Mother t. Cop 54 54 54 64
10 ?N Jera Zinc. .135 13,3 135 135
800 Nlplsslng M C. 74 7% 74 7%
ROO Ophir Sil M Co A ?- ,V ?,
800 Prince ('on ... 4 A 4 A
2000 Ray V Cop Co. 1 t>, 3 14
500 Rex Consol ... 5 6 5 0
3400 Roner-G M Co A, A A -1
2500 ?tSilver Pick.. 44 5 44 G
500 ?So A Cid ? PI 3 4 4 8% 4
300 s: Croix Silver 4 4 4 " %
200 Stand Silv Ld. A A A A
3700 ?tSuccess Mng 1 2 1 2
3300 ?Suthorld DIv. 1 34 3 14
427 ?Tone. Reimt. . 3 Ar 3 Ar 1 At 1A
3700 ?Tono Div- 3 A. 1% 3 Ar 1%
t?OTnr.o Exten .. 1% lA 14 1 .T,
325 ?Tono Mng ... 1% 3 4 1% 14
12'Ofnt'l Eastern.. 2% 2 4 2% 2.\
3600 ?fVict D (a p) 4 5 4 4 4
?600fW End Cons. JJ 1 *.{ ;j
73no ttVh Cans Mg. 6 6 ? S
.3000 -i-Wh C E (a p) 1 1 t 3
DOOOWilbert Mng... 1 1 1 ;
Bonds
Sales (000 omitted). Open. High. Low. Last.
40 ?AIM Packers 6s 524 52% 63 4 5'%
3 2 ?Am T&T 6a "22 93 4 93 \ 93% 9 3 n.
5 ??lo 3924 . ... 93% 924 91% 9"4
40 ?Anaconda C 7s. 89% 89% 8O4 804
9 ?Ang-A O 74a.. 99% 994 994 994
10 ?Armour 7s .... 94\ 04% 9-H.. P4"?
333 ?He? h St! 7S '*t5. 944 944 ?4'~ Jl\
7 '?"an N R 7a "33.3004 300% 1004 3OO4
140 ?Cons t?as 8a... 98% OS 4 98% 9*%
. I ?Con Text 7s w 1 94 9-1 93% 93 4
20 ?Denmark 8s . . . 974 97% 974 97%
s ?Goodrlch 7s '25 M 84 8 3 4 S3 4
2 ?Gov of Swed 6s 88 88 87% 87%
30 ?Int Rap Tr 7s.. 66% 67% 66% ?7
2 ?Kennecott Cp 7s 89 89 89 ? 89
20 ?Kdm of Norway 994 99% 99% 994
5 ?Lacl ?.Tas 3.t 7s. 86 Sfi 8fi 86
! ?Lorillard 8s ...300% 100% 300% 30n\
'.'O'Vat Leather 8a 994 99s? 99% 99\
3 ?NY XT! A: H 4?. 59 60 68 4 C?0
3, ?Oh C Gas 7e '23 92 92 9? 82
1 ?do 1924 . 92 92 92 ?2
?do !9"5 . 92 92 92 92
10 ?Seah?! Air L fia. 45 4? 44 45
8 ?Sears R 7a 1-y. 974 974 97% 97%
10 ?do 2 y. 94 4 94 4 94 94 4
3ft ?do 3-v. 94'? 94*4 93% 94
30 Sinclair 74s ... 8S4 5U, s.8 4 88'4
10'Solvay & C 8a.. 99'4 99 4 99 994
19 ?S O Cnllf 7s... 994 3004 99% 100
20 ?So N Y 7s '25 . . 100'4 100'; J00 300
S ?Swift 6n '23. S74 97% 97% 97%
60 ?do 7a '25..... 94 94 934 9"*??
5 ?Swiss Gov 5 %a. 79% 79% 79\, 79%
5 ?Tex C 7% noteM 97% 97% 97% 97%
F, H'ii Tank L 7s.. 99% 300 99% 100
!0?YV?Btn Elec 7s 974 974 974 974
German Internal Bonds
(Quoted In ?lollara per 1.000 marks)
VnrUn (000 omlt'd). Ourn. High. Low. Last.
162'Berlln 4a. 1-4 124 1?4 334
10 ?Frankfort 4s..14V? 14 4 14% 144
12 ?French 4s . 41 41 41 43
?Unlisted. tSell? ceota per ahere
Parif? Market 1103^
PARIS, Dec 17.?Prices were heavy
on the Bourse to-day. Three per cent
rentes, 57 franjes 20 centimes; ex
clanero on London, f>S francs f> con
tisno?; 5 per cent loan, 85 francs, 20
contlmea. The dtliur vsh? quotod ?t lt>
ir.'incn 10 centimes.
Orders executed and
inquiries invited in
all listed stocks
and bonds
A. A. Housman & Co.
MEMBERS:
New York ?Stock Exchange
New York Cotton Exchange
N. Y. Coffee & Sogar Exchange
New York Produce Exchange
Chicago Board of Trad?
Associate Members of
Liverpool Cotton Association
20 Broad Street, New York
BRANCH OFFICES:
:s West 33d Street, New Vorlc City
Liberty Bulldln?, Philadelphia
Amsterdam, Hoiland
Atlas Portland CementI
Com. & Pfd.
General Baking
Com. & Pfd.
J.K.Rice,Jr.&0.
tfMftea ??M? U? ??!? Jeka. ?? Wall ?:.. N. f.
.?.?rwaM '*? Vean ef Cemnarelai ?Btukiit?
^?SS1 CHATHAM & PHENIX
r^ NATIONAL BANK
?r . Capital * ?Sarplae SlS.WO.&oe
- ION'*' Rr*?,,^ce? .8150,000.000
SanK W Broadway, Singer BU|,
^jw.^. And 12 Branches
Welch Grape Juice Com. & Pfd.]
Bankers Trust Co.
National Park Bank Rights
McCLURE, JONES &REEDI
Jfemfcer? Hs*s York stock geh?ngt
115 Itre*dway Chen? X3?I rUttm I
Dividends
Extra
BATTERY PARK NATIONAL BAVTC-I
An extra dividend of 3 p?r cent ? ?hartl
has been declared In addltj-.n to the regu-j
lar semi-annual dividend of 3 per c?ntl
both payable January 3 to s'.c-kholclerii
of record December 16.
CEMENT SECURITIES CO.?An extrtl
dividend of 1 per cent a ?hare has beetl
declared In ad<?itlon to the regular quar-L
| terly divided of 2 per cent, both payablfj
! December JtJ to stockholders of
December 1?. ^M_
MARYLAND COAL CO.. OP WEST!
VIRGINIA?An extra dividend of
cent a share has been declared In ad?ll loti
to the regulaj* dividend of 3 per cent, b.-.lj
payable January 3 t-j stockholders oil
record December CO.
NATIONAL HARK BANK?An extrtl
dividend of 6 per cent a share lias be<
declared in addition to the regular qua
terly dividend of 6 per cent, both ; ablj
January 3 to stockholders c. recorj
December 20.
NIPISSINO MINES?An extra I
of 25 cents a share, payable January ! it
.stockholders of record December 31, hsi
been declared In addition to the recula;
dividend of 25 cents a share, payable,
January 20 to stockholders of recon
December 31.
TRUMBULL STEEL CO.?An extra dlv!
| dend of 12Vi cents a share has been de?
clared In addition to the regular quarerlij
I dividend of 50 cents on co:n:?:on a: ?i $17}
Sa share on preferred, all payable Januar; I
1 to stockholders of recoru December 20.
Regular Declarations
_H Pay- Holden ]
Rate. Period, abie. of record !
! Arn Pvrr A Lt Co
i Pf .1 H ">
| A very Co pf-l5*^*
I Brier Hill Steel. 60c
do pf .11.75
1 B'klyr. Trust Co. 6*&
Can Car & Fdy
pf ace urn scrip. 2 2 *? 'S*
e":ont!nental Ins..J2.50 S-A
Cosden & Co...62^c Q
City lovvst'g* pf.1%% Q
Fidelity Phoenix
Pire Ins. 15"?>
Goodwin's Ltd pf.l5?r5>
l?eme Sound Co. 53"!*
! Ind Pipe Line.. . $2
[ Hanover Nat Bk S%
' Loew's, Inc. ?Oc
North Pac Ry...l%9i
i Republic Motor
Truck, Inc, pf.$i.7C?
! Seaboa.-'l Nat Bk 3*35>
fieab'd Air Lino ^B^^_^^
I Ry Co int-$12.SO S-A Feb.
Standard Screw. ?r<- Q Jan.
do pf . 3?6 S-A Jan.
! Walter Kidde pf. oC? S-A Jk.r..
i Westingb'se Air
BrihD .$1.75 Q Jan.
Wilson & Co pM^T? Q Jar..
Jan. 2
Jan. 1
Ja-n. 1
Jan. 1
Jan. ;
Dec. c3
Feb. 3
Jan. ;
3-A Jan.
Q Jan.
Q Jan.
Q Feb.
Q Ja ix
Q Feb
Q Feb.
Q
Q
Jan.
Jan.
Bid and Asked
Following are the closing bid t&?
asked quotations of stocks listed or
tee Stock Exchange in which taezt
were no transactions yesterday:
Bid. Ask?-! f . ress A- o> 76 90
A? Aer ?Ch r-i ,7Vi?
Au- l'.li .Note. 41
do pf . 4?
Am l?t Su* pf 63
Ain li S * F 4.3
do pf . SI
Am Cot Oil pt 60
Am Biprve?.. .115
.\ru Ire Si?* pf 50
Ara "Ur,se*i i>f SO
Am Mall &. G 21
Am Sluph.dg.. ?
Am Snuff .... '-'0
87H
120
:
si
.?ro Sum T pf SO 6i>
Am Tel it C.. i?
An* Wh pf.... BO 3
A:*: 7.1 iC !>f. ? ? 2S
Ann Ar!?or .. . i3' ?
do pf.?1 -
eus? lY? .... ' .J?
Atlantic Ref .950 WO
Auto S "Corp. :i
do pf. 9
P.trn BeaUi pf ?u
I'arrelt Co pf. 99
Beth Pt : ?? pf 90
I'.rtUvu K.!:?i?>i. SO
I?. ?il Si.oe. . 35
do pf . 75
[turns Bros pf 96
Brunswick ... 4 vi
Buff A Su_*k*,. ? 72
?lo pf . ?
Canada South. 40
Certain Corp . 37
E A Host.
do i<t ... -.-;??:.
? & M Tob pr ? i
W li If. pf ...xt
?tvlLiy Coe p: ;.;
lanati ?Su? pf ><
? ..t.,!jai Boa.-b S
-ih Aii ??V.. 17
i?ty Depi t>u. 67
H
U
_H
do ?jf"".'. T".' o:.% ?4'-.
Il i entrai 90 ?
W SIP i SSM ?S8 71
Mo? ris i E?. ?O -
Mu.l Body pf 7o>, ?
- ? a- bau ? M
t B'.scuii pf.105^ -
3 a:
90
304
9
'.!
. 37'
\->
33*
du i?
1?'
Chic t Ai! pf 10
< ? ?s; P M fc O 61
do pf . *7
? *'?, ? "f>a pf. "*0
O.I A S 1st pf 40%
ilO M pf. . 4.S
("on Cigar pf. 72
Com (Vu pf. 98 i
Coot Imur ... ?6
( '?vx t'irpet ?
Cruo Stwl pf. -~
3 >^re Oo pf "V
I? I. A W...215 :
ivtroii i:.-;im?i m
Betrolt 3* R U -
I>n! S S St Al S
do pf. 5
rh'.rli I3,<? Pf. ss
Klee Stor Bat SU
Eik II Cnal pf "S
? - B-a?.*.' nf ?0
Ble A PltU. 45
I ulrbauks. . 4?i
?Xilier IMv pf !>7
G-raj Paris .11
1 M T-U '..: pf <*??>
du Sd pf .. R5
P ( Paper pf.. 85
hit Nlekei pf. 7s
Int Sait . ,N?<^
3i>wa Central., r,
.1 Kaviar .... T0
d?*? tu pr i?o
KrPtRAM iJf 5?
Kel Sp ?t V (.f 7 a
l-v<>l?fy W!? pi. ;o
l\ei* A 3> M. 4
?1o pf.i%
?N ?k A St pf 6T" h
9?
4 ?Ott?
>j: I^?ad pf'
;-:-t-)fM i?t pf
??'/-?11. 3 pi
do 2d jif
N V Doci pf..
? S W pf
Ohio KupI ....
? s ?-3 ov pf,
- ???- pf
iwens B M pf
' ?? A ? ??- .
* 1a ,V K.i^;
Pett Mul -,. ?:.
d ? i u pf.
" '
cl<? pf .
- -<l ?if
'?: -??.?Vi pf.
60 61
H
4i a
5?
9*
:<t
loi
a
m
a
?M?
so rt
S:: ?*
p*
3?
?T .
KM? .^^^^^^
d? pr ... 6.;1? 6?
1st pi ^^
do 2d pt..
fl?au A Sara ;><
*---:?- R ? ?
Sl-S **. A I pf SU?
' S' It >?-; ;- l?
N ? ! MU ? ". g
Kludet)aker pf. S?? f*
Superior Stocl I3i *}?
-?-. ???
T A V Ui Tr S15 ??*
I At ?t R : 1H i*
'4
if*
Toi I>o,l pf . ?50 ?J
TStL&W ,tfs 8 1?
do pf rtf? 15 7?
t\, tin u T ? J
.lo t>r ,2
V C S of Am. 176 I?
,1 , ?)' !>)Vj I?
3' Or?iC 3?t trf 4 ?}
'Y S ! Ai* Pf l>3 W
T* S S < U ;?' *\ '*
Tiipj a ? *;
?
Wli..*! I*?? pf ?"'. J*
\vt. o-tn? ? *?
Wi?>lm?itl> pf.103 1?
London Money Markrt
LONDON. Pec. 17.~B?r si'vrr, <1?
per ounce; bar gold, lit'?? L\l: moneft
?*R4 per cent. Discount nttcs: Short
and three months' bills. 6\ per cant
Cold premium at Lisbon, 140.