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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, July 19, 1921, Image 12

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Province of
Buenos Aires
(Argentino Republic)
5% Sterling Bonds of 1915.
A direct obligation of the most
important province of ?He Argent me
Republic secured by a first charge
on certain taxes.
Callable at par for a sinking fund
through which all bonds should be
retired by 1931.
Aside from a current return of
about 7rr. should Sterling Exchange
return to parity and bonds be called
at par, die holder would make a
profit of over 8(ryo on his investment.
Letter No. M-UO wilt infercsl you.
Merrill, Lynch & Co.
Member? New Ycrfy Stocl? Exchanga
120 Broadway New York
Uptown Office, 11 East 43d St.
Chicago Detroit Milwaukee
Denver Los Angeles
BRssBBSaaai _nH
Wholly Tax Exempt
CITY BONDS
Yielding
5.00% to 5.50%
1:
.Municipality
Troy, N. Y.
??ic'a, N. Y.
Olean, N. Y.
Kornell, N. Y.
Mt.Vernon, N.Y.
Salamanca, N.Y.
Tonawanda, N.Y
Maturity
1926-?941
1928-1941
1924-1929
1925-1935
1927-1928
1925-1941
1927-1951
Descriptive circulars on above
?r t various ?>' er County, Town
Village and School District Bonds
: Municipalities In this State
ing 5.00% to 8.00% Income
sent on request ior cli ular T- 19.
8.33%
A Preferred Stock
Company earning many times
Dividend and Sinking Fund
requirements, no bonded debt.
Particulars on Hrquest
Rollins, Kalbfleisch & Co.
Members N. V, Stock Exchange
52 Broadway, New York
Telephons Broad 7064-5-6
Standard ?il
of Mew ??rk
Bought, Sold & Quoted
2 Rector St., N. Y. Phone 6780 Rector
Franklin Insurance
Home Insurance
Penna. Coal &
J.K.RiccJr.&Co,
I
Western States Gas & Eiec.
City and Suburban Homes
Baraqua Sugar *
FREDERICH. HATCH & CO
ttOSTON.CHICAGO. PH1LA.MONTREAL PrTOEUR??
RAILROAD BONDS
_?tttblJ?hod 1878.
Members New Yorlr Steel; Exchange
52 Broadway New York
Liberty Bonds
All issues and denominations
UofKlit?Sold?Quoted.
Harishorne & ??attelle
Uambers .Vet? YorH Stuck Kxehunw
25 Broad Street New York
TBtaapHONE: BROAD ?7<o.
STANDARD
New
19th
Kdltion
Booklet.
Mailed
to Divest on
Free on
Kequest.
CARL H.PFOR^HEIMER ? CO
?'hone 4800-1-2-3-4 Broad. 25 Broad St.,N.Y.
CONSERVATIVE INVESTMENTS
Securities purchased outright; on
Partial Payment; or on margin.
Correspondence invited
John Muir & (o.
?derniers New York St?cf; ?Izcfiaig?
61 Broadway New York
Nail. Bk. of Commerce
The Menge! Co. Com.
McCLURE, JONES & REED
Uembers 3?10 York Steck Bjrehnntie
115 Broadway Phono 9321 Hector
Paris Market Quiet
JARIS, July IS.?Trading was quiet
on the Bourse to-day. Three per cent
rentes, 56 francs 60 centimes; exchange
on London, 40 franc? 60 centimes; five
per cent loan, 82 francs 70 centimes.
The dollar was quoted at 12 franca 80 "A
centimes, V
Little Change
si races in
Dull Session
Atlantic Gulf Feature of
Listless Trailing; Less
Activity in Bonds; For?
eign Exchange Lower
In five hours of give and talco at the
Stock Exchange yesterday Tittle was
accomplished. Aside from the ex?
changes of floor traders, few transac?
tions took place, and the day's session
was the least active since the inordi?
nately dull trading of July 6. Only
328,900 shares changed owners.
Atlantic, Gulf and West Indies was
conspicuously active against a back?
ground of listlessness. The common
stock closed at 10a?, 274 points net
lower. While the stock was being hard
pressed, speculators spoke of a culmi?
nation of the difficulties of the company,
but officials denied any change in the
situation. General Electric was again
a target of selling. After a rally, Mex?
ican Petroleum, one of the few stocks
in which any interest was shown,
turned lower, and declined 3^4 points
net.
Despite the irregular character given
the market by outstanding instances
of weakness, security prices generally
wero firm. The averages of both rail?
road and industrial stocks closed
higher.
In the bond market quotations re?
mained steady, but the volume of
activity was much smaller in the early
days of the month, when the reinvest?
ment demand stirred the marketplace
for fixed maturity obligations. Govern?
ment issues constituted at least half of
the day's business.
In the commodity markets the
strength of last week was followed by
; a day of falling quotations. Wheat
; prices at the end of the day's trading
were 3*4 to 3% cents a bushel lower,
] and the decline was ascribed to an in
' crease in the visible supply and to
) lieavy receipts at primary points. More?
over, internally *he market was primed
for a reaction. ?
Cotton prices slumped 43 to 44
: points, but a partial recovery toward
the close effaced 10 points of the loss.
' Speculators guided their operations in
accordance with the favorable weather
j over the week-end and the outlook for
I this week.
Following the initiative of the London
market bankers bid lower for sterling
; in a quiet market, and the dollar value
of the currency dropped 3^ cents, to
?3.58?,?, the lowest rate quoted since
January. Continental currencies fol?
lowed the leadership of the pound.0 The
action of the market represented ap?
parently both the effects of the de?
mand for dollars to pay for American
exports and for the next German
reparations payment.
Money and Credit
There will be continued heavy gov
| ernment withdrawals from the banks
! this week, the sum to be taken out
! to-morrow amounting to .$24,750,000.
In view of this condition no substan
i tial reduction in the rato for call
| money is expected in the immediate
! future. The rate held yesterday at 6
j per cent.
Yester- Year
day. ago.
j On industrial collateral. 6 9
On mixed collateral. 6, 9
Time money (mixed col?
lateral :
Sixty days. 6@6% 8(5)8%
Ninety days . 6@6% 8@8%
Four months . 6@6% 8@8%
Four to six months. 6@6% 8@8Ms
Bank Clearings?Bank clearings at
New York yesterday were: Exchanges.
$397,000,000; balances, $61.,000,000.
Silver?London, 37%d; New York,
domestic bar, 99^4c; foreign, 59%c;
Mexican dollars, 45%c.
-o
The Dollar in Foreign Exchange
Foreign exchange rates on Europe
slumped sharply yesterday, the weak?
ness being attributed to demand for
dollars abroad' both for German and
for Allied accounts. Preliminary prep?
arations for the next reparations pay?
ment are believed to be under way, and
it is probable, that the installment will
be met with American dollars.
Cable rates on London dropped 3%
cents from Saturday's final figures,
closing at $3.58%, the lowest point
reached since January and less than 5
cents above the record low of the year.
Continental rates acted in sympathy j
with sterling, and it was said there
was a strong demand for dollars for
Allied account. Trading in the local
market was sluggish. German marks
sagged and Polish marks continued to
sink into new low ground.
South American rates continued
easier, and quotations in many in?
stances were nominal.
El'ROCK
YeMer- Previous Year
day. day. ?pro.
Great Britain (par $4.8? a sovereign)
Demand . 3.58% 3.61% 3.88%
Cables . 3.58% S.G2'4 3.87%
COd liilla (buy'K) 3.5:1% 3.57% 3.87
80-d bills (buy'K) 3.52 3.55% 3.79%
FRANCS (par 19.3 cents a franc)
Demand . 7.74% 7.7?% 8.S3
Cables . 7.75 7.80 8.33
BELGIUM (par 19.3 cents a franc)
Demand . 7.58% 7.G5% 8.83
Cables. 7.50 7.C2 8.S5
SWITZERLAND (par 19.3 cents a franc)
l'enuind .16.46 1G.50 17.70
Cibles .16.48 16.62 17.76
ITALY (par ID.3 cents a lira)
Demand . 4.41% 4.53 6.88
Cablee . 4.45 4.53% 6.89
HOLLAND (par 40.2 cents a florin)
Demand .31.00 31.82 34.87%
Cables .31.02 31.84 35.00
GERMANY (par 23.8 cents a mark)
Demand . 1.28% 1.34 2.61
Cables . 1.29 1.34% 2.62
AUSTRIA (par 20.3 cents a crown)
Demand .14 .14 .67
Cables.14% .14% .68
NORWAY (par 26.8 cents a crown)
Demand .12.85 13.30 16.80
Cables .12.90 13.55 16.90
SWEDEN (par 26.8 cents a crown)
Demand .20.95 21.02 22.10
Cobles .21.00 21.07 22.20
DENMARK (par 26.S cents u crown)
Demand .14.95 15.55 16.45
Cables .15.00 15.60 16.55
SPAIN (par 19.3 cents a peseta)
Demand .12.85 12.S8 16.04
Cables .12.S? 12.89 16.06
PORTUGAL (pur IOS.05 cents an escudo)
Demand .12.75 ?s.oo 15.12
Cables .13.00 13.25 15.15
GREECE (par 19.3 cents a drachma)
Demand . 5.45 5.65 12.90
Gables . 6.50 6.60 12.95
POLAND (par 23.8 cents a mark)
Demand .05% .06 .58
t'ublts .06 .06% .60
CZECHOSLOVAKIA (par 20.3 cents &
crown)
Demand . 1.29 1.33 2.43
Cibles . 1.31 1.34 2.4S
JUOO-SLAVIA (par 20.3 cents a crown)
I 'einaiid .C4 % .65 1.70
Cables.65 .65% 1.72
RUMANIA (par 19.3 cents a leu)
Demand . 1.38 1.44 3.00
Cables . 1.40 1.45 3.05
FINLAND (par 19.3 cents a mark)
Demand . 1.68 1.70 4.76
Cables . 1.70 1.72 4.80
"fAR EAST
CHTNA (Shanghai par unsettled)
Demand .68.00 69.00 103.00
Cable? .68.60 ?7.50 103.60
Transactions Yesterday in Listed Stocks
Pnmmary of Stock Exchange Dealing?
(Copyright, 10 21, Now Yorlt Tribune Ino.)
STOCKS
P?v Year January 1 to date.
Yesterday, before. ajjo. 1921. 1320. 1919.
Railroad stock? . 41,700 14,900 40,400 20,431,800 33,983,200 49,622,300
Other Stock? . 287.200 94,900 266,300 78,366,900 96,379.100 110,824,500
| All stock? . 328,900 109,800 312,700 98,788,700 130,362,300 160,446,800
BON_8 January 1 to date.
Yesterday, Day before, Yenr nr.o. 1"21. 1920.
.11. S. arovernment bonds $1,852.000 $1,631,000 $4,216,000 $1,147,600,000 $1,433,847,000
i Knilroad bond? . 1,703,000 732.000 1,801.000 242,002,000 3.05,563,000
j Other bond? . 2,464.000 636,000 2,439.000 350,571.000 384,580,000
I All bonds . 9,019,000 2,999,000 8,466,000 1,740,173,000 2,123,990,000
Kecord of Stock and Bond Averages
(Copyright, 1921, New York Tribune Inc.)
STOCKS Range Jan. 1 to Range fall
Y?ster- Day Year date. year 1920.
day. before. n?ro. ITIjsfl?. Low, High. Lew.
20 Un liront! Block? . 62.06 61.75 62.20 60.60 57,40 73.80' 68.60
30 InduKlrinl stocks . 65.03 64.86 90.87 79.13 68.53 110.30 67.67
50 Stocks . 63.84 63.62 79.40 74.12 51.08 92.05 64.30
BONDS
10 Railroad bond* . 72.94 73.13 69.87 76.23 71.01 76.97 66.73
10 Industriel bonds . 81.54 81.65 83.21 84.53 80.45 91.45 81.30
5 Utility bonds. 72.80 72.70 69.26 78.70 70.13 74.53 67.44
25 Ronds . 76.35 76.45 75.08 78.41 75.25 81.71 73.94
Hljrfi. Low. DIt.
1921. 1921. in*.
1'/a
m
65/2
391/4
83
66/2
51
65 Va
32%
1
35
28%
69? 4
351/4
2534
32 i, '4
231/2
129% 115/, 12
231. 2
8/4
135
13?,
6734
531/4
62/2
911/2
V5'/8
10
14
4434
83
31%
96
IO7/4
88
108/,
157s
4'/2
114
8
40 /,
29%
21
73/a
66%
4
63.4
32%
67
24
631/4
85/4
40%
953/4
129% 111/2
12734 110
82I/4 57
10
43/2
107/a
84/a
7/a
9
76
44/a
94/4
42%
35
1
62/a
65
14%
6
64%
49%
7'/a
119'/4
6/a
431/4
96
32/2
86
65/2
31
46%
71
34%
78
123/4
271/4
31/a
12%
62! 4
63
42/4
61
913/8
21%
76 /a
41%
107?/a
33I/2
23
67%
434
21%
253/4
9%
69/4
15/4
83 /a
19%
20I/2
783/3
117/2
10
7%
33%
93
76'4
2/4
5
18
15%
62/4
30%
14%
39/a 5
41/a 5
9!/a ?
4 ?
54 6
25 ?
4/4 ?
101 10
4 --
31% ?
68% ?
23 ?
47/a 6
46 ?
22 ~
32 ?
60/s 5
22% -
6834 7
9 ?
19/a
19 ?
4/a ?
17% ?
52 6
2834 4
21/4 ?
77/, 7
1'!% ?
59
25%
51/a
12%
67a
19/a
1
10/a
10
4
52
11 3B
451/2
11
12%
40/4
_ 80
138% 119%
161/4 9/a
70%
44 /3
79/a
32/2
26
48/a
60%
25/8
16%
93
7/a
1334
37%
5%
16
100/,
17/4
63%
73%
17
26
61
26%
60
25%
20
25
50/2
13
10/a
'85/a
2
6/a ?
29% ?
3/a
9 ?
71/4 5
9/2 ?
42 6
43/a -
13 ?
10 ~
Sale?.
Alaska Cold Minos... 600
Alaska .llint-nu . 200
Allied Chemical _ 1700
Allls-Chalmera . 1200
do uf . 300
Amer A;rr Chemical. 600
Amer fleet Sugar...'. 800
Amer Bosch Mag.... 1300
American Can . 500
Amer Car & Ftlry... 200
Amer Coll?n Oil_ 100
Amer Drug Synd.,.. 800
American Express . . 600
Amcr Hide & Leath. 200
do pf . 300
Amer Inter Corp.... 1600
American Linseed . . 200
Amor Locomotive ... 300
American Radiator .. 200
Amer Safely Razor.. 1100
Amer Ship & Com... 200
American Smelling . 500
do pf . 100
Amer Steel Fdry_ 200
Americnn Sugar .... 6300
do pf. 600
Amer Sumatra Tob. 1100
Amer Tel &, Tel. 3600
do r'ghts . 16200
American Tobacco . , 800
do B . 300
American Woolen ... 2100
American Zinc . 100
Anaconda . 200
Associated Oil . 200
Atch, Top & San Fe. 200
At!. Birm & At. 200
Atlantic Fruit . 500
Atlantic, Gulf & W I 62100
do pf._ 800
Baldwin Locomotive. 6200
Baltimore & Ohio... 600
Barnsdall B . 100
Batcpilas Mining ... 200
Bethlehem Steel _ 600
do Class B. 9800
Bklyn Rapid Transit. 100
Butte Copper & Zinc 200
California Packing .. 200
California Petroleum, 1600
Collahan Lead & Z.. 100
Canadian Paciflc _ 1400
Case Plow . 300
Contrai Leather _ 1900
do pf . 500
Cerro de Pasco. 300
Chandler Motors _ 5100
Chesapeake & Ohio.. 200
Chic, Mil & St Paul. 300
do pf . 400
Chi? & Northwestern 100
Chic, R I & Pac_ 300
do 7% pf. 100
Chile Copper . 7800
Chino Con Copper... 200
Coca-Cola . 300
Col Graphophone _ 900
do pf . 100
Col Gas & Electric. . 600
Comp Tab Record... 300
Consol Cif-ars . 200
Consolidated Gas . .. 300
Consolidated Textile.. 300
Continental Candy . . 200
Corn Products . 3100
/a Cosden & Co. 500
Crucible Steel . 11700
! Cuban-Airier Sugar . 300
Cuba Cane Sugar.... 2600
do pf . 4600
Den & Rio Grande pf 500
Dome Mines . 100
? Elk Horn Coal. 200
Emerson-Brandt . 100
Endicott-Johnson .... 1100
? Erie . 200
? Famous Players . 9600
? Fisk Rubber Tire.... 1800
Frceport Texas . 300
? General Asphalt _ 15300
i do pf . 100
I General Electric Co.. 4200
! General Motors . 2300
i do 6% deb. 200
- Goodrich, B F. 1200
' Great. Northern pf. . . 400
1 Great North Ore sub. 200
- Gulf, Mob & Nor pf 300
Gulf States Steel_ 200
I- Hask & Bark Car Co 300
Hondeo Mfg . 200
I Hupp Motors . 30O
7 Illinois Central . 200
?60 Indiahoma . 1700
Inter Agriculture ... 1300
Inspiration Copper .. 300
Interbor Con Corp... 200
do pf . 400
5 Inter Harvester . 1300
Inter Mer Marine_ 700
6 do pf . 600
- Inter Paper . 600
Inter Nickel ,(. 600
Invincible Oil i. 1200
Open. High. Low
1/, Va V:
1%
39
31/?
70/s
36
281/4
34
26
I23/4
1%
38
31/a
70/a
36
28/a
34
26
122",
Net
Close, chgt. Rid. Ask.
Vr- /a %
1%? '/? 1% 1%
38/4+ % 37 39
1%
^M_
30/8 3O/4? 1
69/a 69/a? 1
35% 35%? /.
30/2 31
68% 70
35% 36
28/a 28/4-|- 1/a 27Va 28
33
28
122
33/2? 1 3234 34 Va
26 + % 25/a 26%
123/4+ Va, I22/4 122%
ie/a ia/2 i8/2 i8?/2+ 1/a 17 19341
434 4% 434 434+ 1/4 4% 4%
114 114 114 114- 113 116
10% 103a 10% 10%- 10*4 12
61 51/2 51 51/2+ % 61 61 Va
33"b 33% 32 32/2+ </4 32% 32%
23% 2334 23% 23%? % 23% 24Va I
81 i/a 80/a 31/2+ 1/2 80/2 81/2[
68/2 68/a 68/2+ Va 68/2 70
4/8 4 4/8+ /a 4 4/a
6%? Va 6% 7
80 Va
68i/2
4/8
634
36/a
71
6%
37/2
71
6%
36/a
70
371/2+ Va 36/a 371/4 [
70?2
25% 26 25% 26
69 70i/2
2534 26
67/2 68% 67/a 6334+ % 67% 68
83 88 88 88 - 87 >/2 88!
4C/2 47/4 46 46/2? ?/, 46/4 46341
103 103/s 103 103 ? Va 103 103/
A % A A- A *
121 121 '/2 120% 121 + Va 12034 121
120/2 120% 120/2 120%+ % 119% 120/21
67% 68/4 67/2 67/a? % 67% 68
8
37/2
98
82/2
2 Va
5
21/2
16%
73
37/2
I6/2
%
42
4/s
58
341/,
4/4
8% I
2/
434
3
B'/al
42
8/4 8/4 8/4-_
37% 37/a 37%+ % 37 37341
93 98 98 ? /a 97 98Va I
82/2 82/a 82/2+ /4 82'4 8234
2/2 2/2 2/a? Va
5 5 .5 -
21/2 I8/2 193/a? 27a 19% 19/21
17 16 17 - 16/2 19
73 74/2+ 1/4 74/4 741/2I
37 Va 37 Va + Va 37 Va 38
16 Va I6/2? Va 15 Va 20
%- % % |
_43 ? Va 41 45/a
45/4 4634 45/a 46/2+ % 46% 467a |
101/2 10/2 10/a 10/2- 10/4 11
4/8- 4 4% I
B8 + Va B7/2 68/21
33 ? 1 32/2 34
4/4- 4/4 4/2|
IO9/4 109/4 10834 1087a+ % 109 109/2
4/4 4/2 4/4 4/2? Va 4/4 4/2
35% 36% 3534 36 + 1/2 3534 36/8|
70?1 70 72
25/a? % 25 25/2
497a+ % 49/a 60
53 + 1% 63 54
26 + Va 25% 26/21
- 3834 39/41
_ Va 63 66
30% 307a+ % 31 31/4
737a 73%+ Va 73/2 74
9% 10/a+ /a 10 10/4
227/3 23/2
% 29/2 29%
4%? Va 4% 4%
19?2 18/a 22
54/2+ Va 54/4 54341
75
38
16'/2
%
43
4/a
68
34/2
4/4
4/n
58
32
4/4
70/2 70 Va 70
25/a 25/a 25/8
497a 50/a 4934
?53
26
53
25%
63
25/a
33% 3834 38% 3834
63/4 63/4 63/4 63/4
31! a
73%
10/3
31/2
73%
IO/4
227a 2278 22% 22%
29% 29/2 2938 29/a
4%
19
4/2
19
43
19
541/2 64/2 54
30/a 30/a 30/j
30/2? 1
30
27/4 27/4 27/4 27/4+ /a 27
33
28
86 86
14/a 14/;
%
65 65/
"4
86 36 + Va
14/a 14/a
% %- Va
65 65/4
27/8 27/4 27/8 27/4
52%
1-"/;
834
I6/4
17 Vz
4
60
54%
14%
934
I6/4 161/4
17/a 17/a
85/4 85341
14/a 15
% %|
647a 65/2
27/4 27%
63 5 3/2
52% 53 Va + Va _
13/a 14 + Va 13% 14% |
8% 9 + I/, 87b 9/8
22/a 24% 22/, 23%+ 1% 23% 24/2
2 2 134 178- 17a 2
I6/4- Va 16/4 16/2
17/3? Va 17 18/a
4 ? 2/8
60 -
4
60%
4
60
1234 12% 1234 12%
47/a 47/4 46 46%
1
4 8
60 6O/4
127a 13/8
46% 47
13 13
49/4 50/a
87 87
12%
4 S1/
87
11/a 11/a 11/a 11%+ Va "Va 11%
12%? % 12/2 13
437a? Va 43?4 49
87 ?? 85 88
17a 118/a 119
Va 10'/2 1034
/a 63 65
Va 30/2 31/a
68 68 Va
Va 27
119% 121% 117% 113/2
103/4 10% 10% 10%
63 Vz
30%
67 7 s
27/
63 Va
30/a
63
27/,
63/a 631/2
30 30/8-f
67% 68 - _
27/z 27/a+ Va 27 28
20/4 20/4 20/4 20/4? 1/4 20 20%
30 31 30 31+1 29 33
54 54 54 54 - 50 64/2
14 14 14 14?1 14 15
II/4 11/? 11 11 ? Va IO34 11?
91 Va 91/2 91/2 91/a? /8 91/2
2/4 2% 2/4 2/4+ Va 2/a
7 7 634 63/4? 1/4 6%
3/a 3/a 3/a 3/2
10% 10% 10% 10%
74 747a 74
11 11/4 10% 11/4
44/4 44/a 43/2 43/a
92
2/4
7
33 '4
33/4
11
74
33/a 33/a 33/a 33/a+ Va 33
3/a
_ ? 10/2_
74/a+ 1/8 73/a 7434
1034 11%
_, Va 43% 44/4
51% 51% 51% 51%+ 34 6034 61%
1334 1334 13/a 13/2? 1/4 13/a 14
10% 10% IO/4 103/s? % 11/8 11/4
Hlfh. Low. DIt. N?*
1921 1921. in $. Cale*. Onen. Hlg-h. Low. Clone, chee. BM. Auk.
47/a 2% ? Island 01! . 1900 2% 3 2% 2%- 2% 2%
113/? 4 _ jewr| 7ea . 300 9'/2 9/2 9'/4 9'/4? '/4 9'/4 9'/2'
28% 18'/2 ? Kan Clly Southern.. 800 24'/. 24% 24/2 2474+ '/4 24'/2 25
52 45^ 4 do pf . 300 40'/4 48'/4 48'/,,, 48</4? % 49 50
64% 31% 4 Keliy-SprlnsrUeld . 200 36 36'/a 36 36'/a + % 36 36/2
80' 70 6 do pf . 100 76/4 7?I/4 76'/4 76'/4? 1% 75 80
22% 16 _ Kenhecott Copper ... 1500 19'/2 19/2 19/2 19'/2- 19 19?/2
17% 8'/4 ? Keystone Tire . 1400 11 11% 10% 11 ? % 10% 11'/,
21i/2 10 ? Loew's, Inc . 2900 10% 10% 10'/4 10%- 10% 10%
89>/2 37 10 Manat? Sugrar . 600 40 40 40 40+3 37 40
6S'/2 36'/. 7 Manbatlan Elevated.. 100 42 42 42 42 + 2 41 43
25 18 ? Marlnn.1 Oil . 200 14 14. 14 14 ? </g 13'/2 14
7 3 ? Market St Rway. 50 3% 3% 37s 37a- 3% 4
45/2 31 ? do p pf. 200 31 31 31 31 ? 2'/4 29/4 32
I671/4 87% 12 Mexican Petroleum . 41300 104'/2 107'/4 39% 101 ? 3i/4 100% 1011/4
24 15% 2 Miami Con Copper... 400 20% 21 20?4 21 + Vz 20% 21
16% lO'/g 1.60 Middle State? Oil... 1200 10% 10% ' 10'/2 10%? % 10(/2 10%
33!/2 20'/2 ? Midvalo Steel . 2800 23 23 22% 23 ? \A 23 23|/2
23 16 ? Missouri raclfic .... 600 19 19 13% 18*4? '/4 18% 19'/4
56'/4 46/2 3 Montana Power _ 200 48 48 48 48?1 48 49
25 14%? Montgomery Ward .. 200 17'/a 17'/4 17?/8 W8- 17/s 17'/2
28% 18'/4 ? Mullins Body . 300 18'/4 18'/4 Spy* 18/4? % 18 19
36% 25'/?? Nat Cloak & Suit... 200 25/8 25% 25/a 25%? 2'/8 25 29
89 64 5 N Y Air Brake. 100 64 54 54 54 ?1 53'/2 56'/2
74'/2 64 5 New York Central... 200 68?4 68'/4 68'/4 63'/4 + ?/? 68 69
39 20% 2/2 New York Dock. 400 29?4 30 29% 30 ?1 2*/2 31 </2
104% 88% 7 Norfolk & Western.. 300 93|/2 93'/2 93'/2 93'/2+ 'A 93 93/2
62 54!/2 5 North American _ 800 59% 69i/2 59 69 ? ?_ 68 60
88/4 61% 7 Northern Pacific .... 160O 71% 72 71% 72 + i/2 72 72!/?
48 40 2/?> Ohio Fuel . 100 41 41 41 41 + 1% 39 44
4 1% ? Okla Prod _ Ref.... 400 1% 1% 1% 1%? '/s 1% 2
30% 20 2 Orpheum Circuit .... 200 20'/2 20'/2 20 20/2- 20 21
16 9J/8 ? Otis Steel . 1300 10'/2 10% 10'/_ 10%+ % 103^ 11
41'/a 27'/2 V/2 Pacific Oil . 1700 34'_ 34/2 34'/4 34%+ '/a 34/4 34'/2
79% 38!/2 6 Pan-Amer Petroleum. 6600 49 50 48 48 ? 1'/4 48 48/e
71?4 35?4 6 do ? . 430O 42'/4 43 42 42 ? '/, 42 43
4134 32'/4 2 Pennsylvania R R... 4800 34'/4 34% 34i/i 3434 + % 34% 3434
17 6% ? Penn Seaboard Steel. 500 734 73/4 7% 7%+ ?/4 7'/2 8
57% 33% ? People's Gas & Coko 100 60 60 50 50 - 50 51
23% 1534 ? P?re Marquette +... 300 18/2 18'/2 18'/2 18/2 + '/4 18 20
65 37y2 ? Phillips Jone? . 200 65 55 65 55 +12 61 57
78 67 7 do pf . 300 77 78 77 78+4 75 80
31'/2 16 ? Phillips Petroleum .. 600 17'/2 17!/2 17'/2 17'/2- 17'/2 18
42'/4 15'/8 ? Pierce-Arrow . 4500 183^ 18/j 18 18'/8? ?/4 18 18/4
11% 6'/2 ? Pierce Oil . 300 7 71/4 7 7/8? '/a 714 7'/2
64% 52 6 Pittsburgh Coal . 300 62'/4 62'/2 62/4 52/2+ '/2 62'/2 63
111'/2 89'/2 8 Pullman Co _-.... 200 96 98 96 98 + 2?/2 97 98
511/2 25 ? Punta Alerre Sutrar. 1300 28 29 28 28 + "/4 28 29'/4
3634 24% 4 Pure Oil . 1400 25% 25?4 25'/2 26/*? '/8 25t/2 25%
90'/, 73'/2 8 Railway Steel Spring- 200 81 81 81 81 ? % 81i/4 85
106 98 7 do pf . 100 100 100 100 100 + 1% 9834 105
15 11 ? Ray Con Copper. 200 12'y_ 12"/? 12'/2 12l/2- 1234 12'/,
89|/4 6034 4 Reading . 600 67'/2 68 67'/2 6734+ "/2 ?7'/_ 67%
55 37l/4 2 do 1st pf. 100 38 38 38 38?1 38 40
57% 38'/2 2 do 2d pf. 200 39 39 39 39?1 38/2 39
10 8 ? Reis & Co. 200 6 6 6 6?3 6?/4 8%
73'/? 41|/8 ? Rep Iron & Steel_ 2800 46/2 47 45'/2 46/4+1?/4 45'/2 46
39/2 18 ? Replo/rle Steel . 200 19 19 19 19 + i/a 19 22
69% 46'/2 5.20 Royal Dutch . 3900 55/4 56 54'/4 54i/4? % 54/2 55
25% 19'/a ? St Louis & San Fran 200 23'/8 23'/2 23'/? 23/2+ /2 23 24'/,
30'/_ 19'/2 ? St Louis Southwest'n 500 23 23 ?3 23 ? ?_ 23 23/s
7l/4 5i/2 _ Seaboard Air Line... 100 5?/2 5/2 5l/2 5/2- 5/2 6
983/4 62y? ? Sears Roebuck . 4900 64-y_ 6534 64'/2 65'/2+ 1 65 6534
20% 12%? Seneca Copper . 100 13'/4 13'/4 13'/4 13'/4? 1*4 13'/4 15
7'A 4% ? Shattuck Arizona ... 300 6% 7 6i/2 6'/z? <A 6/2 634
28% 17%? Sinclair Oil . 600 2C(/a 20i/8 19% 20 - 20 20'/s
101 67'/2 6 Southern Pacific .... 300 75!/2 75'/2 75% 75%+ </8 75% 755-?
24% 17%? Southern Railroad .. 200 193/8 19% 19?4 19|/4+ '/8 19% 19V{
73?/_ 6734 4 Stand Oil of Calif.. 100 73 73 73 73 ?? 73 74
110 105'/? 7 Stand Oil of N J pf 400 106% 106% 106% 106%- 106% 106%
37 21 2 Stewart-Warner . 200 25 25 25 25 + 1% 24 25
46 26% ? Strombers Carburetor 800 30% 31 30% 31 + </z 3034 31
93'/4 43% 7 Studebaker. 24600 7934 80% 7934 30 + 1 7934 80'/
10% 4'/2 1 Submarine Boat .... 300 4'/2 4'/2 4'/2 4'/2? y4 4 4%
IO34 7 ? Tenn Copper & Chera 600 7'/2 7/2 7'/2 7'/?? '/? 7'/i 8
45 29 3 Texas Company _ 4100 33% 333^ 33'/4 Z3%- 33'/4 33^
27'/a 16'/8 ? Texas & Pacific. 400 22'/4 22',4 22 22'/4? <A 21% 22'/
.36% 163/4 1 Tex Pac Coal & Oil. 300 18'/4 18% 18'/4 13i/2+ "/8 18'/2 18?/
58/4 45 6 Tobacco Products ... 300 55/4 5534 B5'/4 65%+ 1'/8 54'/4 543/
13 6% ? Transcon Oil . 3800 7% 8 7'/2 8 + yz 7% 8
25'/2 17%? Union Oil . 600 18% 18% 1834 18%? 1/3 18% 19'/?
122'/2 111 10 Union Pacific . 1400 118 118% 118 118%+ % 118% 119
68 62'/4 4 do pf . 300 62'/? 63 62|/4 63 + '/2 62'/4 63'/
34 19 ? United Alloy Steel... 1700 2434 25'/2 24% 25'/2+ '/2 23'/2 25'/
106 81>/2 8 United Dru?; . 1100 83 83'/8 83 83 ? '/8 83 85
207 95% 8 United Fruit . 1100 103'/4 104'/4 103 103'/4+ 1/4 103'/4 104
12?/4 7% ? United Rway Invest. 300 7% 8% 7% 8%+ % 8/2 83/
26 17/a ? do pf . 2400 19 19'/2 19 lO'/r? '/> 19 21
2714 15 ? U S Food Products. 1500 16'/2 16/2 16'/4 -\6y2- 16 17
74'/2 48 8 U S Ina Alcohol_ 3300 49!_ 50'/4 49'/, 5O/4+ % 49i/2 50/
58% 41'/8 ? US Realty & Imp.. 300 47 47 47 47 - 46 47
62/4 48 6 United Retail Stores. 800 52% 5334 52% 53 - 53 54
7934 47'/8 8 US Rubber. 1900 49/8 49% 49 49%+ !_ 49/2 493-?
103% 91'/2 8 do 1st pf. 200 93 93 9234 923^? y4 92(/2 94/
44'/2 37'/4 3/2 U S Smelt & Ref pf 300 39'/2 39'/, 37'/4 37/4? 1 37 39
86/2 70/4 5 US Steel. 24600 713,4 72% 713,4 7Z</2+ % 72% 72/
112 105 7 do pf. 800 109'/a 109/8 109 109/a- 108% 109/?
59/2 4534 2 Utah Copper . 300 48'/8 48/8 47/2 47'/2? l/4 4734 48
41 25'/8 ? Vanadium Corp _ 200 28/a 28% 27% 27%? % 2734 28?;
IO234 60 ? Va-Car Chemical pf. 200 73 73 73 73 + '/. 72 73'/
9 7 ~ Wabash. 200 7% 7% 7% 7?4- 7% 7%
2Wz 18 ? do pf A. 200 20/2 20% 20/2 2034+ % 20% 21
11/2 8% ? Western Maryland .. 200 10 10 '.0 10 + i/4 9% 10
21 U/a? do 2d pf. 200 I8/4 18/4 1814 I8/4+ '/a 18 18'/
30% 22'/a ? Western Pacific . 700 23 23 23 23 ? 1/4 23 24
70/2 61 6 do pf . 100 63 63 63 63?3 61'/2 65
94 81 7 Western Union Tel.. 200 83% 84 83% 84+1 84 85
96% 87 7 Westing: Air Brake. . 100 87 87 87 87 - 87 83
49% 41% 4 Westinghouse Mfa; .. 1400 42'/, 42'/2 41% 42 ? i/? 42 42y
11'/a 7/2 ? Wheel & Lake Erie.. 500 8/2 8/2 8/4 8'/4? l/4 8% 8'/
17% 7 ? White Oil . 300 7 7/4 7 7'A+ '/4 7 73
10/2 5'/4? Willys-Overland . 500 7 7'/4 7 7'/4+ % 7 7\>.
7% 6/2 ? Wright Aero. 190O 7*/2 7% 7/? 7%- 7% 73/;
CHINA (Hongr Kons par unsettlad)
Demand .49.60 40.75 72.76
Cables .40.75 50.00 72.85
JAPAN (par 49.8 cents a yen)
Demand .47.87 Vj 48.00 61.37V4
Cables .48.12% 48.25 51.62V4
INDIA (par 48.65 cents a rupee)
Demand .23.00 23.12?^ 38.50
Cables .23.25 23.37 Vj 30.00
STRAITS SETTLEMENTS (par 5G.8 cents
a dollar)
Demand .42.50 42.50 41.75
Cables .42.76 42.76 47.00
THE AMERICAS
ARGENTINA (par 42.44 cents a paper
peso)
Demand .28.37% 29.12% 41.12%
Cables .2S.50 12.25 41.25
BRAZIL (par 32.4;'? c? nC8 a pup. r mill- is)
Demand .10.50 lo.r.o 23.00
Cables .10.62% 10.?6% 23.12%
PERU (par $4,80 a pound)
checks . 3.56 3.56 4.79
ECUADOR (par 48.60 cents a sucre)
Checks . 3.59 3.59 -
CHILE (par 36.6 cents a peso)
Checks .10.25 10.25 21.00
URUGUAY (par 103.42 cents a peso)
Checks .60.26 60.75
VENEZUELA (par 19.3 cents a bolivar)
Checks .16.52 16.52 -
Canadian KxeliniiE?.?New York funds In
Montreal, 13}i per cent premium; Montreal
funds In Now York, 12% per cent discount.
Equipment Bonds
(Quoted on income percentage basis)
Name. Rato. Maturity. Bid. A.i
AU Coa^st Line. 6 V? 1832-'27 7.00 6.40
Bait <fe Ohio... 4% 1921-'27 7.50 6.76
Beth Steel ... 7 1921-'30 7.60 7.00
Boston & A... 4% 1921-'30 7.25 6.50
Buffalo R _ P. 4V?-5 1921-'33 7.25 6.50 i
do . 8 1921-'3;i 7.25 6.50 !
Canadian Nat. 7 1935 7.10 6.90 :
Canadian Nor. 4%-5-6 1924-'29 8.60 7.00 1
Canadian Pac. 6 1921-'32 7.15 6.50 !
do . 4% 1921-'28 7.15 6.50 ?
C C C &,St L. 6 1921-'29 7.25 6.60 I
do .... 6 1921-'27 7.25 6.50
Ches ? Ohio.. 6VJ 1924-'36 6.90 6.2S
CKI&P.4Vi-5 1921-'27 7.75 6.75
Chic & N W.. 4% 1921-23 7.25 6.60
do . 6% 1925-'36 7.00 C.45
C St L _ N O. 6 l!i2l-'34 7.25 6.50
Del & Hudson. 4% 1922 7.25 6.50
Erie . 4%-3 1921-'27 8.25 7.26
do . 6 1922-'28 8.00 7.25
111 Central ... 4% 1921-'27 7.25 6.60
do . 6% 1926-'36 7.00 6.40
do . 7 1925-'35 7.00 6.40
Kan City So.. 5 1921-'24 7.60 6.50
Louis & Nash. 5 1921-'23 7.25 6.50
do . 6% 1922-'3? 7.00 C.40
MSP4SSM 4V?-5 1921-'26 7.25 6.50
do . 6% 192G-'35 7.10 6.40
do . 7 1921-'30 7.25 6.50
Mich Central.. 6 1922-'30 7.25 S.40
NYC Lines.. 4% 1922-'28 7.25 6.50
do R R_. 7 1922-'35 7.25 6.35
N Y Cent R R. 4% 1922-'S3 7.15 6.45
N Y U _ St L. 4% 1921-'26 7.30 6.50
do . 6 1931 7.10 6
N Y, N H & H. 4%-5-6 1921-'23 ?.50 7.60 I
Norfolk & AV. 4% 1921-'24 7.00 6.25
Nor Pacific. . . 7 1922-'30 7.10 6.50 !
Pennsylvania.. 4-4% l!'21-'23 7.15 6,60 !
Pitts & L Erie 6 V? 1921-'3S 7.10 6.35!
ReadiilK Co... 4% 1922-'27 7.00 6.50
Seaboard . 4>,a-6-? 1921-'27 8.50 7.25
Southern Pac. 4% 1921-'26 7.00 6.40
do . 7 19-l-'35 7.00 6.35
Southern Ry.. 414-6 1921-'26 7.25 ?.60
Financial Items
Ernest F. Clymer has become associated
with Hornblower & Weeks at their New
York office.
Th? Empire Trust Company has been
appointed transfer ag^nt of the preferred
and common stock of th? Selkirk Gold
Mining Company.
Bid and Asked
Following aro the closing bid and
asked quotations of Btocks listed on the
Stock Exchange In which thai* were
no transactions yesterday.
Bid. AsV.od. B'rt. Ajktd.
Adams Ex.... 40V4 41%'Con It B N J.170 180
?"- ?' 80
71
70
% ~%
88%
30%
89%
31
70
no
62%
53 V?
47%
70
40
93
82
110
Auv Ilumely... IS 18 ,
do i>f. 36% 41%
Air Roduo.... -?9 8?
Ajax Rubber. . re ?l
AU Am Cable.104 107
Al? Heal_
A C Dye pf.
Allls Chalm.. _
do pf. 68%
Amal Sugar.. ?
Am As C pf.. GO
Am 15k Note.. 61
do pf. 45%
Am r.cet Sugar 50
Am B S & F 41
.lu Vf. DO
Am Ciui pf... 78
Am Car pf.,,109
Am Chicle_ 15 ?\i
Am Coal. 56 ?
Am Cotton OU 17 in
<lo of. 36 42
Am lee. 53% 54
<lo pf. ?30 61
Am La France il 9
Am I.ln Oil i)f 55 63
Am J,m-o of. . .103 106
Am Malt & O 11% 13
Am Radiator.. 68% 70
Am S pf A... 67 09
Am Snuff.100 110
?lo xst.,72 81
Am Steel F pf 79 81
Am Sum pf. .71 80
An, Tel & C ""
Am Tub pf n
Am Whole pf. 92
Am Wool pi.. 84
Am W P pf..
A Z & I, pf.
Ann Arbor.... ?
do pf. 15
Art Metals_ 13
Assets Re. 1%
Asio Dr G... 39
do 1st pf... 62% 65
do 2d pf... 54
A T & S F pf 77
Atl Blrm A A 2%
Atl Coast L.. 84
Atl Petrulm... 14
Atl Ilo?n.850
88% 91
93%
86
5 29
5% 27
15
Cent Corp. 25
do 1st pf... ?
do 2d pf... ?
Chic B Se Q..198
Chlo & K III.
do pd.
do pf.
Chlo -tit W..
do pf. 16% is
Chlo n w pf. 96% ns
Chic Pn Tool. 49% 50
C R I & P pf 63 64
C St P M & O 49 63
do Of. 73
C C C & St L 37
do pf. 00%
C18T9 A Pitta 57
Cluott Poab... 85
do pf.
Coo? Cola...
Col Fu & Ir.
do pf.
%
7%
79
29%
29
38
62%
80
9%
_^^_^^_ 106
Col & So. 85% 37
do 1st pf..
do 2d pf...
Con Clear pf..
Con Dlstrlb.
51
45
65
7%
63
4S
70
8%
C<;iis Text_ 14% 15
Con Can. 42
do pf. 75 95
Con Insur. 60% 02
Cn Pr.Rf pf.. 98 101
('ret Carpot.. 33 50
Crue Bteel pf. 76 82
Cu Am Rug pf 72 7S
fiaris Client.. 34 37
I'? Beers. 15 22
Peer? C pf... 69 80
Del * Hudson 96
1) L & W....174
Den & R Q.
q? | dO Pf.
i?/ pet Edison... ?..
l?2pet & Mac... 45
"* do of. 50
39%?Pet U R R... ?
Ilia Match... 100
.Dome Mln_ 16
?9 |D S 8 & At.. 2
3 do pf. 5
86 |imi & Sup... ?
14T4;Durham Hy.. 20
?20 | do of. ?
_ 185
1% 2
?lo of.103 103 (East Kodak 6">5
au Tat*,.... 15% uni dopf ":::io5
Aust Nichols. 8 8%
do pf. 52 68
Auto Sales Co ?>% 3%
?I? Pf. 11 13%
Raid Loco pf.. 95 99
B & 0 pf.... 50% SI
Barnott Leatli 40 55
do pf. 70 96
Barnsdall .... 15 23
Batopll M_ %
Beech Creek. . 34
B Nut P pf.. 94%
Beth Steel pr.. ?
do 8% pf., 87% ??
Booth Fish... 3% 4%
Bk Edison.... 90 ~
B R T els_ 6%
Bk i:nion Uas 62 70
Br.i-.vn Sh. 29% 41
?I?' Pf. 73
Brunswick ... 2
Burr R & PH. 60
do pf. 80
Buff A Susq.. ?
do pf. ? 43
Bums Bros... S6% 89
do pf.100 110
Bush Ter.? 100
Butte Si Sud. . 12
645
120
Klee St?r B..115
Elk Horn pf.. 38%
Bin Br pf.? 2S
En -Johnson pf 93% 94
Erie 1st pf... 18$ 19
lo 2d pf.
Erie * Pitts.
Fairbanks
F a m Flow of. 73
12% H
45
35
-?%
78
97
.6%
3%
75
85
"?%
39% 45
88
% Fed M & S..
? do pf. 21% 24
? ?Fisher Body.. 80 89
?*?%! do pf. 95 98
FM Tire. 11% n%
Freoport Tex. 12% 13
Gaston W. 1%
Gon Am T... -
l) Asph Df.
Gen Cigar...
do Pf.
do 1st uf..
Gen Motors..
<i? nf......
?ii 7* deb.. 72
Glllllapd o pf 20
("oodrlch . 30% 31 "A
?lo pf. 64% ?
? ?ratios- M,... 17% 20
Grajr__J)arls.... 11,
88
100
84 90
10% 10%
65 70
71%
Butterlck _ 23% 24%'?.t North Ore 27% 2?
Cad lo ?Ml. 10% 11 ?Greene Cop... 20 22
Calif Pet pf.. 71 73 Guan Sugar.. 8 8%
Calif & Ariz.. 45%, 47 iGulf M & N.. 7 7%
Can South_40 45% do pf. 20 20%
70 72 |Hablr Eleo... ? 10
35% 36%?Hack Water pf ? 26%
70 72 ?rinrt Corp_ 69 73
7% 8%,Home Mln.... 58 68
do pf. t 12 ?Huustco Oil... 92 S3
Case J 1 pf.
0?U Leather
da pf.
Chic A Alton.
Bid. Ask?d.
Hupp Motors. 10% 10%
HydSt??l.... 6V4 10
111 Cen 11_ 68 ?
Indian Rf. 7% 9
do pf.? 85
Int Agr pf_ 87 88
Int Cement.,. 20 25
Int Barv. 99% ?
Int Mot Truck 31 32
do 1st pf... 68 69
do 2d pf... 58 61
Int Nickel pf. 75 00
lut Paper pf.. 00 103
do pf stp... 68V4 70
Int Salt. 45 ?
IiiTincible Oil. 11% UVA
Iowa Central. 4-4 7
Iron Products. 25 29
Island Oil_ 2%, 2%
Jewel Tea pf.. 28 30
Jol & East... 90V? ?
.le.r-s Tea. 18 21
Kn C F S pf.. 6014 ?
lvayaer J. 73% 75
do 1st pf. ..104% ?
Kelly Sprg pf 7.5 80
do 8%. 72 77
Kolsey Wh. pf ?o 87
Keok & D M. 5 10
do pf . 20 ?
arengo .130 140
-?to Pi". 97% 112
Kre:is &. Co.. ? 82
, do pr . 8g _
Lack steel ... 37% 39
Laclodo Gas... 48 f>2
/' 3 W... 10 14%
T do pf . 19? 22
Lee T & R... 2a% 27%
Lehlgh Valley. 50% 51?
Ligg _ Myers. 146 151
"? Pf . 9SV4 103
.,*? ? .142 145
Urna Loco.... ?4 68
do pf . _ ,r>
Lk.ws Ine ... lojt 10%
Jx>ft Candy .. !l(? ' oa?
L-VV Biscuit.. 30% 38
do 1st ?if... 114 n9
do 2d pf- flo U 115
Lorillard .144 * ,54*
. do pf .100 l?a
Louis & Nash.110% 11"
Mackay Cos... 61 05
(la pf . 55 ?_
Maninson ;;:: ia ?S*
-do Pf . 56% i;i)
Manat? Bug pf ~? p0
Motion Coal.. 340 700
Matihat Beach % 2V4
Manbat Elec. _ ??^
Manhat Kiev.. 41 43
Manliat Shirt. 21 23M.
Mar St By pf. 10 17H
do 2d pf.... _ 7
Marland Oil.. 1314 14
Marlin Itnckw. r,2 1?
Martin P_ry u2 ,5
Math Alk"& IP 38
Max M 1st pf 3% 5
do 2d pf.... 114 01/
do A ..... .-_* 45%
????? g . 8 9
May Dopt St. 79 83
do Pf . 96 ?
Mt? Petrol pf 89 89%
Mich Cent ... 5S 0?
M te St L new Uli l?
MStP 4 8SM 04 ??
do 1 1. si 50
Mo Kin 4 T. 2 ">i?
do pf . m ??
Mo Parirlo .. iS?? ig?
Mont Pro? pf 93 "
?,r,Tws *?***? 64 ?0
Mulllns Body. 18% 1914
.. do Pf. Ki _ "
?uh* Chat. 90 105
-N *t Acini? ... 14 15
Nat Biscuit ..110 115
??to Pf .107 11214
N Clk _ St pf 57 ?3
N' <>?id & C. l* 114
N Knaro * st 45 47
do pf ...... 39 95
Nat Lead _74^4. 78
vd2 _. ;.101 105
N R M 1st pf 4 ?
do 2d pf.... s% 4%
N g T & M.. 49 50
N Y C & St _ 47% SO
do 1st pf... 58 60
??? 2d Pf--.. I?M 60
N X Dock pf. is 53
N Y O _ W.
Y Ship.... 20
Norfolk South. 1>% ?
Norf & \V pf. ?5% 67V4
North Am ... 58 60
N Scotia Steel 21% 25
Nunnally _ 9% 10
Ohio Body ... 7%
Ohio Fue.1 ... 39
Okl Pr & Raf 1%
Ont Silver ... 8%
h-ph Ciro pf. ?
Otis Bli?T _ 90
do pf . 75
Otis Steol pf.
Owens Bot ..
do pf .
Pacifie Coast.
do 1st pf..
do 2d pf...
Pao Derel ..
Pacific Mall.
Pacific T & T 48
Pan h P & R. 5
do pf . 63
Parr Bing .... 10
Ponney J C pf S2
Peor?a & Bast 10
Pero Marq pf. 37
. do prior pf. 48
[Pottlbone .. _
. do pf .107
Pldla Co .... 29
Plerjs (Ml pf. 50V4
Pitt? Coal pf. 84
P l't \V & C.119
Pitts Steal pf. so ??_
P & W Va... 26% 27%
dO pf . 74 yg7"
Pond Crk Coal 13^ 14
Pr Steel Car.. 70V4 71%
N Y _ & W.. 80
TY Nn & n 17%
V.. 17%
Bid. Asked.
90
18
18
27
10
54
6414
107%
29 V4
51%
87
83 M.
69Vi
22
55%
22
75
75
32%
2%
12
3%
10
65%
99%
37% SfiVi
S3 37
72
45
do pf . X0
P S C of N J ?8
fvys Secur ... 55
Hand Min ... 20
Hois 1st pf.., go
Kern Type ... 19%
do 1st pf... _
do 2d pf... _
Rotiss _ Sara-lO? _
Itoplogl? Steel. 18% 23
Hep Iron _ s 45% 48
?d<> Pf . 83 84
Rep Truck . .. 12V? 14
a I>u N Y S. 54% 55
St Jo Lead... U 12
St L S W pf. 33
Santa Cw Sug 3
SaTage Arms.. 10
?Saxon Motor.. 8%
S?ab A L pf.. 9
Sears Roeb .. 05
do pf . 93
.Shells T Tr
?Skss-Sheff !
?do pf . 65
S P R Sugar, 35
do pf .. _ 9j
Southern Ry.. 1994 1974
?rV-MilL il* loi*
? do pf . 66 6r
Si Oil of Cal. 73% T8%
Standard OU..132 134%
''" t?-.106? 106$
Steol Tube ... T2% 76
Stern Dr<? pf.100 120
Stow't Warner 24 25
Sfudehaksr pf, 93 ?s
Superior ?l. 4?4 '
Sui?.rl(V SteeL SO
L* Pf . 92%
Tomtor A a
- B ....'! 5 ?
TAPWTr.2.10 300
Tj'Ird Ayentie. 13% 15
[Tidewater ?"Mil 10 150
To!. PriKl pf.. 78% ?*
jTstl.iW rtfs. 10
'do i>f nfs.. 16
Transue Will.. 30
Tw City R T. 88
do pf ._
Und Typ? ...131%2?iJ
..?toPf ......101 113%
,Un Bag & p, 60 63
'?inon OU .... 18% ]?
Union T?ik... _ 100
do pf . ~ 100
Un Clgar St.. 133 200
do pf .100 105
4%
S3
11
12
19
34
*3%
95
Bid. Asked. Bid. Askeo.
U Alloy Steel 23% 24 Wells-Forgo .. 64% 58
U Drug 1st pf 38 42 West Uli Tel.. 84 85
U S CD?&F... 14 15 West Air Bke. 87 88
do pf . 4* 45 Wostlngh pf... 68 60
U S Hxpr?s.. 5% 0% White Motor.. 31% 32
U S I Aie Vf-- ? 92 White Oil ... 7 7%
U S S & Ref. 29 80 Wtck-Spen ... 10 15
do pf . 37 89 Willys-Over pf 28% 31%
Utah Recur .. 8% 9% Wilson Co ... 81% 35
V Baalte 1 pf 79 81 do pf . ? 80
Va-Oar Oiem. 25% 26% Wool worth ...110 112
Va I C & C. 70 80 do pf .105 ?
Vlmidou _ 6% 7 Worth Pump.. 42% 45%
I Wabash pf B. 18% 18 do pf A.... 73% 80
Weber-Hell .. 10% 12 > do pf B-56 59%
; . a ? i ?
Seek to Collect $5,000,000
Cotton Merchants Organize a
Committee on Cuban Debts
New York cotton textile merchants
having claims outstanding in Cuba havo
organized the Cuban Cotton Textile
Creditors' Protective Committee to
hasten collection of amounts past due.
Claims aggregating more than $5,000,
000 have already been filed with the
committee and it is said, that all the
larger cotton goods houses in New
York have joined the organization,
Ferdinand C. Tcwnsend, of Town
send, Dix & Pogson,' secretary of the
committee, states' that total claims of
the New York textile firms are in the
neighborhood of $10,000,000, of which
amount the committee expects to
handle between $5,000,000 and $7,000,
000. To-morrow is the last day on
which claims may be filed with the
committee. Money received from any
Cuban merchant will be distributed
only among New York firms who have
claims against the merchant, in pro?
portion to the size of the claim. No
pooling of interests is contemplated.
Railroad Valuations
WASHINGTON, July 18.--The Inter?
state Commerce Commission announced j
to-day the following tentative valua?
tions of railroads: Gulf, Texas A West?
ern, $1,667,771; Timpson & Henderson
(Texas), $392,643; Montana Western,
$186,500; White River Railroad (Ver?
mont), $392,222.
Stocks Ex Dividend
Per |
Date. Company. cent.
July 25?Allls-Chaltners Mfe Co. 1
July 21?Am BxohaiiBe Nat Bank_ 3% !
July 23?Am Tob Co, Mengel stuck.. .?4.75 !
July',!!"? do pi.$4.75!
July 20?Brown Shoo Co, Jne, pf. 1% :
July 21?Burns Bros pf. l%i
July 20?Central RR of N J. 2
July 21?FlBhor Body Corp. 2%
July 21? do pf. 1%
July 23?General Cica?' Co, Ino. I%i
July 20?Homestaka Mining Co. %
July 26?Julius Kayser & Co 1st pi.. 1%
July 21?Kelasy Wheel Co pf. 1%
July 20?Kress A Co. S H. 1
July 20?Milwaukee El Ry a L Co pf. 1%
July 23?Mullin? Body Cqrp pf. 2
July 23?Nashville. Chat A St L Ry.. 3% j
July 25?Pacifia Coast Co 1st pf...,.. 1%-!
July 20?Phillips-Jone* Corp pf. 1%?'
July 19?Reading Co. 1
July 13?Royal De Co, E?i Tr N V au.?2.7l?i
In Wall Street
Deny "AGWI" Receivership
When Atlantic, Gulf & West Indic3
broke to 18% yesterday, a new low since
1916, the Street was filled with adverse
rumors, but directors declared there
! was not the slightest foundation for the
! report?. They asserted that the com
! pany is now in better shiipe than it was
! three months ago. having arranged f.?r
! all pressing maturities until fall. Or.?
explanation for the day's selling was
I the announcement that Judge Mant?n,
j in the United States District Court, had
i di nied the motion made by the Atlantic
Gulf Oil Corporation to amend the orig
. inal decreo of the court so as to do
away with the services of a special mas?
ter appointed in connection with the lit?
igation instituted by Henry C. Mount
and others. The money impounded by
prior order in the same litigation still
remuins in bank. The legal controversy
grew out of the contract for oil wells
in Tuxpam, Vera Cruz, Mexico, in 1913.
and under it the complainants claimed
? they were entitled to $350,000 a month.
Pending the outcome of the litigation
$700,000 was deposited v/ith the court.
Doubt Ford Purchase of Wabash
If Henry Ford is seeking to buy the
Toledo & Fort Wayne division of the
Wabash Railroad, New York officials of
the road know nothing about it, William
i H. Williams, chairman of the board of
directors, said yesterday. Mr. Wil?
liams treated the report as more of a
jeke than a matter to receive serious
consideration. "If Mr. Ford wants con?
trol of the Wabash," he said, "why don't
he go into the stock market and buy
it?"
Taking North Dakota Bonds
Sales of North Dakota bonds through
the state's New York office are continu?
ing satisfactorily, according to the local
representative. Figures on total sales
are not available, he said, however.
Among the recent purchasers, it was
learned, was the Central Savings Bank.
This institution has contracted to take
a large block of th?e securities if con?
ditions are satisfactory, one of the offi?
cers said. It is understood that the
bank's proposals have already been met,
and advices from North Dakota said
that the Central Savings took at lea^t
$100,000 worth of the bonds. Negotia?
tions with other banks for large blocks
of securities are said to be under way.
Break In Exchange Rates
Yesterday's break in foreign exchange
rates, carrying cable rates on London to
$3.58%, a net loss from Saturday of 3%
cents, was not altogether unexpected,
as it was believed Germany would soon
begin preparations for meeting the next
reparations payment, and it was gener?
ally understood that the transaction
would be made through the purchase of
dollars, in spite of the protssts in Lon?
don and Paris against this procedure
because of the exchange unsettlement
it entailed on previous occasions. The
decline in rates yesterday was directly
attributable to purchase of dolars for
German account and buying of bills
for Allied account which were too
large for the market to absorb.
Conversion of Rail Bonds
Up to yesterday $111,095,000 North?
ern Pacific-Great Northern joint 6%
per cent bonds, due 1936, had been con?
verted into Great Northern 7s. Only
S8,940,000 had been converted into j
Northern Pacific 6s. It is said that one
reason why the Great Northern 7s are
now selling at a lower price than the
joint 6%s is that a number of bond
houses, seeing the way things were
going, thought that there would not be
enough Great Northern 7s to supply all
their customers, and that they con?
verted joint bonds into Great North?
erns on the expectation that in this
way only would they be able to meet
their customers' demands later, but
that they overjudged the extent of the
demand, and for that reason there is
an oversupply of Great Northerns
temporarily on the market. The joint
6%s can be converted into Great North?
ern 7s only up to $115,000,000.
Baldwin Moves Higher
An advance of more than a point to
74% in Baldwin Locomotive was at?
tributed to buying on the expectation
of a good showing for the first six
months of the year. Advices from
Philadelphia said that the company's
record for the first half of 1921 would
be better than that for the correspond?
ing period of las'; year. Earnings in
1920 were approximately $14 a share,
and the showing this year, if continued
at the present rate, is expected to be
about $15 a share.
Rebound in Sugar Stocks
Sugar stocks reflected the stronger
market for raw sugar yesterday, and
most of the active securities in this
group advanced substantially on the
belief that the turn has finally been
reached. The prospect of a loan to
Cuba which will permit of the with?
drawal of a million tons or more of
sugar from the market for an in?
definite period and the outlook for
favorable tariff legislation were the
bullish factors. American Sugar ad?
vanced 2 points to 68% and other ac?
tive stocks were higher. Cuba Cane
7 per cent bonds also were in demand
at higher levels.
Ho?ly Dividend Deferred
The decline in sugar prices In re?
cent months has caused directors of
the Holly Sugar Corporation to de?
fer action on the 7 per cent cumula?
tive preferred stock due August 1, it
was annnounced yesterday. A state?
ment to stockholders said that the di?
rectors considered it better tc reduce
bank indebtedness than to pay
dividends at this time, pointing out
that t\te outlook for improvement in
the domestic beet trade was brighter
and that payment of dividends would
be less burdensome later.
Coca-Cola Earnings
Net earnings of the Coca-Cola Com?
pany for May were $376.680, and for
June are estimated at $400,000, mak?
ing total net for the first six months
of 1921 approximately $1,672,878, ac?
cording to figures made public yester?
day. For the corresponding period
of 1921 net amounted to $3.089,298.
Sales for the first half of the current
year totaled 7,906,771 gallons, con- !
trast-d with 11,368,865 gallon? in
1920.
Expect Regular Pullman Dividend
Directors of the Pullman Company
are scheduled to meat for.dividend ac?
tion the latter part of this week snd,
according to information received in
brokerage quarters yesterday, th? ,
regular 8 per cent rate will be main-'
tained. The ?tock has held up well
in the recent wave of industrial liqui-,
dation and the present selling price
around 95 Is in Itself an indication
that there will be no change in the
rate at this time.
London Metal Market
LONDON, July 18. -Standard copper,
spot, ?70 12s 6d; futures, ?71; elec?
trolytic, spot, ?"74 10s; futures, ?75
10s, tin, spot, ?164 12s 6d; futures,
?16? 17s 6d; lead, spot, ?23 7s 6d; fu?
tures, ?23 6s; zinc, spot, ?26 6s; futures,
?27.
Dividends
Pay- Holders
Kate.Period, able, of record.
By-Product?
Cok* Corp. ... T? <3 Aug. it Aiis. 6
New Martlnsville
Ulass Co stck.100ft
1 ..vi,,.- - \Vhart?n
fron & ? pt.,1%% Q Au?. 1 July Si
Six Leading
Tobacco Companie,
Booklet containing ^
?criptive report and his.
tory of all the followi*
companies mailed on H I
quest?
American Cigar Ce.
Weyman-Bnitoa Co.
Geo. V. Heime Co.
R. J. Reynolds Tob. Co,
MacAndrevs & Forbes Co
Porto Rican-Am. Tobacco C?
BRISTOL ? BAUER
Phone. Ee cr or 4594
Specialris m all Tobacco Secafa,
1
Our ?FeeHy
Suggestions
Approi.
I'rice Ylel4
Gt. Nor.
Gen. 7s
1936 ....98% \15%
Del. Ed.
Com. 8s
1931 . . . 10014 1.%% ?
Un. Drug
Conv. 8s \ ?
1941 ...100 8.00^1
B. &0.
P. L. 314s \
1925 ...8314 8.50%
On request we shail be
glad to mail, regularly,
our investment pamphlet
?"Weekly Suggestions."
Hitt, Farweli & Park ?
160 Broadway
Tel. Cortland 8950
C. & O. Seeks to Unite
With its Subsidiar!
Plans for Taking Over Oper
tion of Smaller Company S?
to I. C. C. for Approval
WASHINGTON, July 18.?Authcri
to unite for operation the Chesaptii
& Ohio Northern Railroad with i
Chesapeake & Ohio was sought of ti
Interstate Commerce Commission i
day in a petition filed by the latter, *j
parent company. Three tentative pl?j
were outlined for approval, the p*
tion indicating that if none of thi
was satisfactory the carrier would?
come a suggestion by the coramisi
to accomplish its purpose.
The applicant railroad owns the sil
of the smaller line, but indi?
doubt as to the commission's probd
attitude in view uf recent refusals!
grant authority for such unified opfl
tion where bot? roads are now ge
concerns. It w?s stated ^pecificallj
the petition tljnt no application ?
made under piovis'ms for consola
tion of the transportation act, as I
properties are low under one raamf
ment and in subltance commonly own
Under the Clay;on ami-trust aet,i
ever, the p^tiion asserted, conur
dealing in supplies and materials :
the two roads cinnot exceed $50.000
one year, which affects "heretofore!
ficient economical operation of tin
properties as a tem."
The three proiose-i plans treto?
erate the Chesajpeake & Ohio North?
a3 an extension t>f and by the Che
peaks & Ohio, acquirement of?
smaller road by ?onveyance or au??
ity to assume direct liability fora
outstanding in?btednesa of the Ch?
peake & Ohio j?orthern.
-,-1?
Early Buying of Coal
Is Adfiseil by Hoovfi
not too high ? the pre
there should bl a recove
activities in n
junction with f?e large ii
U
Commerce secretary See? Po*
eibility fcf Difficulty in
Gettnp Cars Later
WASHINGTON, July 18.?Secrete
Hoover has ad ised pub?c
pa??es to buy heir winter coal supt
early instead f waiting for possit
lower prices.
"I am com need," said Secreta
Hoover's lette: ? made public to-fli
"that, due to tr? .general depression, tl
price of bitumi aus coal at t
not too high & the present time. >
ry of busing
taken in ?J
?c ,?vge increase in PJ
. :?nd the in4*B
to linance their msM
tenance there ire possibilities of derj
opments of a bost serious situ?t.on
regards coal rrfvement. B
"I cannot bj feel that the Inters?
Commerce Cotrnissicn, in the *aC,J\
warnings thei have sent out in *?
connection, weald not be dispose? *
give any'priorfy in such an event"
State BanU in Kansas Close
SALINA, Kai., Ju?j 18.-The Peo?'-'1
State Bank w?s closed to-day by ?
State Bank lomin ssioner. 0ffic*
said tL? balk Was placed in the ha??
of the comcisii?.p*t "pending i'3 r< \
ganization.'
Snail'* Cork Industry
A convenios of cork pro?,?c*j*M
manufacture recently held in Mao. j
adopted a jititiots to the Spanien f^'
ernment tttake measures to pf'"
?>nd fosterthe cork industry., a
hVa held arirnportatu place in bps
commerce ? foreign markets. y"*J
mercial AttCh? Ch?ties H. Conn???
ham report-that the last gathering ?
cork in Apm amounted to ?J0,<w_"
kilos,. vak>4 at 25,000,000 PesY?,
The numbeiof workmen employ? '"
this industrias been 85,000, e?rn?l
50,000,000 pettas in ?ages yearly- ^
ItWfon Mark?! tfuie* v_
LO?foV, Julv 18.?The tone OfW
" * was quiet to-day. ?J
r gold, 113s 9dj_ ??
: discount rates ?
,,t; three-month P?"|

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