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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, August 08, 1921, Image 10

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-08-08/ed-1/seq-10/

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A WELL SECURED
20 Year
Public Utility
BOND
Yielding over 8.10%
In no calendar year since
1913 hava net earnings
failed to exceed twice
mortgage bond Interest.
Avaraga for this period
2 1-3 times.
Circular fully describing this Lisue
sent upon reauest for AK-ilt
The National City Company
Mali Ome?: National City Bank Building
Uptown Office: 42nd St. & Wad. Avo.
One Industry
Grew 16 Times as Fast
As Population
This is the record o,f electric
utility companies in the United
States from 1910 to 1921.
The growth of electrical needs
of the Nation continues steady
and uninterrupted, adding
strength and value to sound
electric utility investments.
A conspicuous example of this
remarkable growth is shown
by
Standard Gas & Electric Co.
A Byllesby Utility
whose 6% Gold Notes
Yield 8.85%
Ask tor Circular NYT-?6
describing this investment
H.M_fyllesbry-&Co.
Incorporate ?i
III Broadway New York
Chicago ? Provldvrtc? - Beaton
Floyd-Jones, Vivian
& Co.
investment Securities
15 William Street, New York
Miinh.Ti New Tori: Htaok KxelkABg?
Telephone Broad 3352
-,-,
EDWARD B. SMITH as Co.
Members New York Stock Exchango
Bonds for Investment
NEW YORK PHILADELPHIA
MUNICIPAL BONDS
Yielding 5% to 8 c'o
*^ MrerrA ??_-????"i-r _?
89 Liberty Street New York
Savage Arms 2nd Pfd.
United Cigar Stores
Gen.BakingjCom. & Pfd.
J.K.Rtce,Jr.&Co,
Phono? ??e? to ?1010 John. 36 Wall St., N. T?
Bonds for Investmesl
Harris, Forbes & Co
Mm StrMt, Cenrar WU?
NEW YORK -L >'
Park>Union
FOREIGN BANKING COSPOR?HOH
55 Wall Street, New York
BRANCHES AT
fihanjrhai Yokohama Tokio
San KranHmr-n Seattle Purl?
Guaranty Trust Co.
National City Bank
National Bk. of Commerce
McCLURE, JONES&REED
Uernher? .Yet* Tori* Sfek flsahan??
ItQ ?roadway I'honr 3321 JUctor
New York City Bond?
I'orm, Rat*. Maturity. Bill. Anls. TU1d.
Intel 4V4?, J9?7. 90>? 8114 4.97
'?o 414?, *li"*'5. 99*4 91'/i 4.98
< . 1963. 90K, Si Vi 4.99
do 4V??, 1967. 90% 91>* 6.00
?JO 4:?a. ?OH?. 86 V4 8 *?*?,, 4.99
.. 4 ?a, 1964. 86 Vi r?;1* 0.00
?? , 4>4?, 1962. ?61.4 ?6% 6 o:;
<Jrj 4 Ib, I960. 85 '4 66% ?. 02
do, 4'/??, I960, op. 1930 85'4 66% ?7.00
?.-, 4a, 1959. 80 V4 81V4 f. 11
t?o *t?. 1966. 60?4 ?5 >4 6-1?
do 4?, 1967. 80'.4 81 14 ti"
Be? 4-, 1966-1961. 80 81 Vi 6.17
<lo 4?, 1936 . K. 86 88 1.11
)???- \y?%. X964. 71% 77(14 6.17
Coup 3%a. 1964 . 7ivt 7:*4 6.17
..-. 1960-1964 Jne.. 70?? 73*4 6.17
.?, 1940 1050 Inc.. r, 750 6.10 -
?i 921 960 II ? i 90 6.30 -?
-. ' oup (?fr?a!)
4>4*. 1921-1932 Ir,.- .... 6.06 6 34 ??
.. 4?4?, ;'i2J-!3-!l inc.. 6.00 6.30 -
Chemical Stocka
Ann Cyn.. 16 20 lOr.Mlll ..139 135
?lo pf.., 38 4:: Ky Solvay 26 70
Caaaln Co. 159 45 i do pf... 93 99
DowfCb... -- 20 iMarrtmac. 70 16
Du Pont- ? i {?More C pf 7i 78
?K? dividend. iMulfd Co . 41 00
?rf.tiry.nt i- Companies
BW. A*V"1 . Bid A?K"!
Arn Alinde..260 210?Crt Arcrr ...220 27?6
':i'/.,f NT.1M 179 Hanovar . .. 16
f7n-,/r,r,wl?h ..liO'J I26|Hom? .340 350
KM ? PbO<?..47& ?8S|N_tl l.'.hrrt.y.170 180
FnnnkiiD ... 70 lOINlagara ,.,,iao 136
Ofoba A R..1200 ?iftt&yvaaaot... ?>0 76
Hulear Stock?
C-r Hof. . 1? 2'? ?'Ml.Amii? 2? 3',
C*M H??, % 2 Cchg . . ',
Ht) Pt... '- Yt Y:,>?..,:k? ]<;4 107
OAguIrri?. 67 60 NI NI<|U*I 160 200
Klrdo naw 63 ;,?; 8av*nna_, so 20
Ort W?#t.l26 14*3 - ?- ?.' ;., li
do ?f... ?I 10? 1 ?Je* <iivld?nd.
???i-... 19 26 I
The Trend in Finance
Contrast Between Dullness in Speculative Securities
and Activity in Investments Feature of
Market of the Moment
DULLNESS and apathy in the market for speculative securities,
with prices fluctuating irregularly and uncertainly; activity and
increasing interest in investment securities, with prices continu?
ing to move forward in gratifying manner. Here is an extremely interest?
ing and significant contrast presented in the financial markets at the
moment.
The. stock market, depressed severelyl
for many months, is still plainly suf?
fering from the same influence? thot
have unsettled prices in the past, and
so far as industrial stocks are con?
cerned nothing has appeared on the
horizon to indicate the turn in busi?
ness has arrived which is necessary to
a revival of confidence and a restora- j
tion of industrial prosperity. The in- j
dustrial end of the stock market con?
tinues to be heset with adverse earning
?statements, dividend omissions and rc
! ductions, corporate readjustments and
reorganizations, and all the other fac?
tors which are the result of a pro?
longed period of depression from which
the country is now suffering.
Last week .Wall Street's speculative
| security market entered one of the
? dullest periods of the year. Trading
j almost came to a standstill at times.
| Brokers whoso business it is to ex?
ecute buying and selling orders had
, practically nothing to do. The only
| traders who did anything at all to speak
i of were the so-called professionals, the
? men who are in and out of the market
a dozen times in a single normal active
session trying to catch the swings and
scalp profits. To all intents and pur?
poses the market last week was com?
pletely in the hands of these profes?
sionals. When some liquidation of dis?
tressed holdings of stock appeared in
certain individual issues the profes?
sionals helped the movement along by
offering stock on the short side. The
whole performance was mainly signifi?
cant because the stagnation in the
market reflected the entire absence of
buying power so far as the public is
concerned. And Wall Street has never
had a real bull market without the
public coming in and pushing the cam?
paign through to the finish.
The. chief trouble with the stock
market at present is not the continued
liquidation which is going on from day
to day in various industrials as dis?
tressed holdings are squeezed out. It
is the lack of buying power. About the
only demand for industrial stocks these
days is coming from professional bears
who are seeking to cover. The public
?3 not buying, first, because confidence
in speculative values has been de?
stroyed, and, second, because it has not
the abundance of funds it had a few
i years ago to put into securities of thi3
character. A somewhat different situa?
tion is presented in the railway share
market, but here also the same lack of
buying power Is an important restrain?
ing influence.
For the first time since 1915 the rail?
road stocks in the average sold last
week above the industrials. Before the
war the average price of rails was
normally far above the level of the
average of the industrials. During the
war the industrials took first place.
>
Since the boom period of 1919 the ten?
dency of the rails has bean to work
upward, while that of the industrials
was to work downward, until last week
positions were reversed. This week's
charts show graphically what has taken
place.
An excellent bond market stands out
in bold relief in the general uneven
ness of the financial markets as a
whole. Th..' bond market has been
gradually responding to the changed
credit conditions for several weeks,
and bond prices in the average have
worked upward, until most issues are
now substantially higher. Tho public
may not have money to spare for the
purchase of speculative securities, but
it is finding some to place in tried and
seasoned fixed interest-bearing bonds.
This is a healthy sign, it is a tendency
that is likely to continue.
Recent developments have shown
I that an abundance of funds is avail?
able for short-term investment. The
i reception the country accorded to the
| last issue of United States Treasury
| certificates of indebtedness demon?
strates this fact. Here was a joint of?
fering of $.100,000,000 of securities
running not longer than a year and
bearing a comparatively low rate of
interest, for which the Treasury re?
ceived subscriptions in the aggregate
in excess of $1,000,000,000.
The Reason of the year is at hand
when the interior normally begins to
! draw more heavily upon the East for
funds with which to move its crops to
? market. The elfects are already seen
; in the shifting money currents and in
j rates. Last week the Federal Reserve
Bank of New York disclosed a sub?
stantial loss to the interior, while call
money rates in Wall Street worked up
to 6 per cent.
A leading banking authority refers
to the general situation thus: "The
fundamental difficulty upon which a
revival of business waits is still the in
I equality of values as between the va
I rious classes of goods and services. The
i normal basis of trade between people
j in different industries has been dis?
turbed, and it is only by the pressure
? of painful experience that the old rela
| tions are restored. The producers of
?wool, hides, sugar and foodstuffs are
? generally getting no more for their
! labor than before the war. AH of the
; people who have a part in the conver
! sion of wool, cotton and hides for the
farmer's use are. still getting 100 per
i cent or better above pre-war wages, but
naturally they are not all at work, for
the evident reason that the farmer can
I not buy as many clothes at present
?prices as when his own compensation
I was on a par with the compensation of
| those people with whom he is trading
! services."
Miscellaneous Markets
i
Public Utility Securities
Bid
A P 4 L, 9
do pf... 70
Am I. Tr. 91
do pf. . . 77
A G & El.104
do pf. . . PS
A P & L...
do pf.. .
a p mi...
do pf.. .
Am WWk
do 1st. pf
do pr pf.
CarPR&L.
Cent Ht Kl
55
15
26
40
Cities Bvc.117
do pf. . . 4?
do B sh 13V?
7 ?4 iliB 95
'. % a s c 75
7% dill
do pf 13
Col Ph..
do pf.. .
V 3
ev4
"0
A O A E 6s 76*4
A P & L 6? 7?
Appln P 6s 63
Col P 68. . 72
Ei Paso 6? 77
Asked Bid Asked
11 KPRtL. It 12
75 do pf. . . 23 31
94 E1B ft S pf 79 8214
SO E D El pf 60 70
106 EG & .'?' Co
33 Istftcl Cs 17 93
67 do8%c n 74 78
68 8?4, pf... 73 80
10 8% en rit 57 93
20 Fed L & T 6 S
5 do pf... 40 45
49 No St TMvr 36 41
9 do pf. . . 78 81
39 Rp U & L 4 6
6 do pf. ..13 17
45 So Cal Ed. 90 94
120 do pf. .. 98 192
4 7 SC G & El 8 11
13 V? fio pf. . . 32*4 34
100 T R L ft P 1 2
80 I do pf.. 4
78 ??n L ft R 20
5 I do 1st pf 69
7% West Pwr. 26
75 1 do nw pf 70
Bands
78V4IM St P 6?. 8614
72 U L ft R 611 70
72 UtahSec 69 66*4
76 WlB Ed 6s. 10
88 1
6
23
?1
27*4
88H
87V4
82 V4
New York Bank Stocks
America ...
Atlantic-. . . .
Am Exch. ..
T?? 1 tery . . .
Bowery . ...
Bv.av Cent.
Bryant I'k.
Bronx Nat..
Butch *. D.
?nt Merci.
Chase.
Chat ft Phe.
Chelsea Ex,
Chemical ..
City.
Coal ft Iron..27:0
Columbia .. .166
Colonial _360
Con mere? ..212
Cmwlth ...216
Contntl .129
Corn Exch.. .306
Comptn . ... 80
East River.. 170
First Nati.
Fifth Ave..
Fifth Nati
.167
.210
.230
.145
.425
.126
.130
.190
'.243
. 75
.435
.309
.845
.900
50
*Ex dividend.
450
150
255
100
212
230
1C6
100
860
169
Oarneld .
otham . ...
reenwlch ..
lanover .
Ilarrlman . .
nip ft Trd. .
ndUKtrinl ...
Irving Nat. .
Miihitn Co. .
h ft Met..
Vctroplfn ...
Mutual.
Nati Am....
New Nthr. . .
N Y County.
N T N B A..
Pacific.
Park.
Public.
Seaboard ..,
Second . ...
State .
23d Ward..
1/ntd States
Union Ex ..
Wahs Hts
Yorkvill? ,
215
190
2 3 5
775
3 47,
4S9
155
17 5
187
283
3 20
610
160
140
135
400
.300
.350
.230
.235
.4 7.0
.215
.200
.160
. 168
.236
.426
225
200
ISO
193
290
340
530
150
420
3 80
240
245
Tragt
Alliance -
tAmerPan ..
Am Surety...
Bankers ... .
: Bond ft Mtn
I Bklyn T'Co.
Cent Union..
Co! urn Ma . . .
i Commercial..
? Empire T...
! Kqultable T.
Fi mra L ft T
KiFl-llty . . .
Eu 11 on.
Guaranty ...
Hudson . ..
Klnc?.
Lawyer? T..
Law .vte ...
Lincoln Tr..
and
70
:? 2 5
275
300
255
': 4 E
200
235
I in
660
106
116
1SJ
Surety Companies
?iManufctrs ..200
? Mercantile ..290
?7 Aletrpltn . . .235
360 M IK Hond. .. 75
205 Mut T W_106
470 Nat Surety. .170
230 N Y 1, ft T. .6>;0
285 N Y Trust. . .200
126 IN Y Title...112 '
-?.Peoples . , . .270
262 Realty Asso.. 90
365 Tillo C,uar...295
216 Untd .States..835
2 iO 17 S M ft T. .260
240 U S T Cl. 75
?(Wstchstr ....110
??W ft. B & M. 16?
114 tSeo N Y Title.
120 : Includes AT sil
16(1
180
t. 6 5
310
116
280
100
205
Tobacco Stocks
O V7 Bel. 15?
do pf. . 89
J H Tourne HO
do l'f. ? 89
J.?..A ft V. 85
160
93
90
9 2
9 0
IPRTT.. 6?
Unlv Leaf no"
Weym H.. 1rs
I do pf.. . 90
Miscellaneous Stocks
I ?Am Ltd... 12'/? 12%
?U, pf . . . .-; : f.')
' Am Mf pf 70 75
, A H ft V ,160 180
Am Td pf 3H ''-'4
! Arn Typ F 40
! A DT '?< -I 36
Atlw? P C 11
iBIlt Bpl 76
do 2?! pf 68
; Rorden's. . 90
: Bush T i.f 66
Cellulo?d. .?01
j ChJ Co . *7
* do pr . ?5
?CHy Invt 66
C/k W pf. 16
45
92 V4
75
103
9 0
T* L ft W. 75
Draper C .124
tnt 811 pf. 83
Mina l. pf *:?
? ? ,!.!. 96
NKrigFu O 16
N Cp *' pf ' ?
P ft W pf. 8 0
Phelpa i>.14f>
Uy Bk? P. 70
do pf. . . 74
?H C 11 !.. 60
Singet , '?
fill.KMftP 36
Hloll 11 pf 94
W ft P. . . . 90
y al.-, ft T..230
95
100
160
75
Standard OU Companies
Dirt Asked; Bid. Ajltod.
AnBlo.Arn 36% 3 3% JP O A O. . 420
Ati nfne.?oo
do pf. . .105
Borne-.Scr.340
Buck P I., so
Chea Mfg.160
i pf... 95
Contl Oil .IOS
Cr? s 1' L.. 26
Cum V L..116
Eure P I,. 75
USO pf n 8 7
do pf old 99
do com.. 32
1)1 P L. . .350
Ind P I... 76
Int P CoTa' 3 3
Nati Tina. 22%
N Y Tran.140
Nrth P L. 87
Ohio Oil. .250
Penn-M F.?l9
ral P
jSolur Rig.3 5
| So l'Mpe T.. 78
So Pa Oil.II 0
Sw P P I, 57
S O ?al. 73
?S O 1"H?.. 70'4
.-. (i Kan. 540
S O Ky.. .390
s i > Neb... 355
?S O N* J.135
do pf. . .307
S O N Y.. 310
S O Ohio.370
do pf. . .107
1 I K Swan A F 30
23 % Cn TU Car 90
3 45 | do pf. . . 90
90 Vacuu 011.260
255 IWflh? OH.. 25
22 1 Tar $26.
.* BO
4 30
190
350
no
186
70?
6 6 0
400
106
3 3 0
107'
314
3X0
110
3 5
95
35
270
30
Miscellaneous Oil Companies
Util. Anfcod. f Bid. A?V.ed.
Atl I.obn
do pf. . . 50
BrAm O. 2 4
Con A i'o. 5
Elk Bsn P 6%
Imp Oll.. . fit
M?iK-n Pet.126
Mldw Bf.,140
60 I.Mtn Prod. 8
26 JN'rthw O. .20
6 !I'r?l A RCp 3%
6% tS Ck Pr 10%
86 Sapul R?e 3?,
130 IWSOAL.. .25
3%
10%
Mtrr OU.. 7'?, 8 I tPar $10.
Steel and Ordnance Stocks
Am Brass.147
Atlas Pit .112
?Hab A W104
Carb Steel 15
do Ibi' pf 50
do 2d pf, 23
Colt A_ 28
Du Pont....109
?do p;
3 Of.
2 0
CO
113
70
Em S et 1 -
do pf... ? ?
?Horc Pw.122
?li, pf . . . 80
Nllea B P. 50
r!o pf. . . 80
Si ..v Mfff .280
Tliom 1 ron ?
Vi Ini !oi n^r 16
Woodw.... 40
25
?3 5
137
S3
56
Kast Steel. 15
'Ki dividend.
Short Term Securities
98%
Scour Itjv Rate. Due
I Alum of Am 7s, 1925.... 91
Amer Cotton Oil 6s, 19 2 4. 90%
' AmT Toi & Tel 63, 1922. 98%
do 6s, 392-1. '.'?* ??.
Amor Thread 6s 1928.... 96% '/;?,
'. Amor Tobacco 7s. 1922. ..100% 100%
do 7??. 1923.100% 3i'0 %
Anaconda Copper 6s, 3929 88% ? i
; do 7s, 1929. 92% 93%
AiiK-Am OH Ltd 7%s, '25.100'/?. 3n?r?
Bell Tel of Can 7s 1925.. 93',, 96%
? Uethlehem Steol 7s, 1922. 99 , 100 ..
do 7s, 1923. 99 % 99%
Can Pacific Ry 6s, 1924.. 97% 98%
?-. n Argentine Ry ?3? 3 927 82 83%
Chi H 1 <fc Pac Ry 6s, 1922 99
Consol Gas N Y S* 1921 . .100
Ccpper Kxp Assn 8s '22.. loi
?h. 8h, 1023.100% 101
do 8s. 1924.103
do 8s, 13 25.101%
Cmiahy Packing 7s 1923. 99
Fed Sugar Rcf 6s 1924 . . 96 %
li F G?.oihioh con 7s. '33. 90 i.
Cuir OU 6s, I923. 97 y
irockln? Valley 6s. 1924. . 9
Humble OU A Rof 7s '23. 97% 98
Inter Hap Tr con 7b, '21 . 79 '? til
Kansas City Term 6s 1923 97% OS >-?
Lacl ?1 L 3st & r?-f 7? "29 90% 91%
3,iK ?V- Myers Tob 6s 1921. 99% 100%
?Philadelphia 6s, 1922 .100% 100%
Proc & Clamblo 7". 1922 . 100 r. : 00 \
1923.100% 101
Bid. A<4k. Tlcl.3.
!i 1 98% 7.3 3
90'i 91 14 ??. J i ?
C.90
7.1..
6.45
| 0
6.3 3
v o
8.10
7.35
8.00
6 75
V 16
100%
101 %
Put? Serv N .1 con 7n. '23. 9C1
R 4 Reynolds Tob t;s. '2.: '? I
HciLis Koebuck V:?. 1921 . 911
do 7s, 1922. 98%
?h, 7s, 1923. 97' i
Bin? Iftlr Con OH 7 \ *. '25 '? ! %
Sotvay 8?, 1927. 9m
Soul hei n Ry 6s, 1922. . . . 97%
Sr. v esl Bell Tel 7s, 1933 . 98
: t Paul r i > (ruar 5 %s '23 96 %
Swift 6s, 1923. 99 ',
do 7s. 1926. '? >
T? sas Co 7m. 1923 . 99 .
Utah : ecurltles Rs 19.'I2, . 90
West El? C ' ' -'i is. 192 1.100 ;
302% 7.20
91 %
98%
? i o
6.15
?
'7
100%
100%
0 i
9 7*,
98%
97%
100
6.00
30 80
< 5 i
100% 0.
Long Term Securities
A rrn?nr eonv ! I, 1930. . .. a i
At)0?iQ It. f 6%s 1931 . ..101
CJuii Oil 7s, 1933 .'-,7 '
Kenn.It Cop 7s, 1930, . 93
N Y On! col tr 7s, 19: 0 ', ? !
NWBi-il T lui ml? 7s '41 102
J', : i, V. . Tl B' i 1930.. 'i'"
Bland OH (Cal.)' 7s, 1931 , , 103'
,;., N Y 7s. 1 19 : 101'
Vi.' um i Oll 7*, 1930
i- ?? riubh? ? ??-. 19
Wostlnu 131 & M '?>?'? 7s
97%
101%
98 %
93 ' ,
3"-::i
102 ;
99 %
104
106
101 %
102 %
102 \
| .30
S oo
i. so
6.60
i. I .
? 10
7 20
I 100%.
iiu-j for p.?><
t ucliibor 1. 1321, ?U
Transactions Last Week in Listed Stocks
Summary of Stock Exchange Dealings
(Copyricht, 1921, New York Tribune Inc.)
Stocks
Week Year January 1 to date.
Last week. before. ago. 1921. 1920. 1919.
?Railroad stocks . 440,000 378,000 673,500 21,139,200 35,401,500 58,201,600
j Other stocks . 1,704,700 1,848,100 4,390,900 82,922,200 104,312,900 125,901,200
| All stocks . 2,145,100 2,226,000 6,064,400 104,061,400 139,714,400 184,102,800
Bonds
Jana-rr 1 to date.
Last week. Week befere. Tear ar?. 1921. 1920.
U. 8. roTemment bonds.$32,040,000 $32,801,000 $34,531,000 $1,147,161,000 $1,519,424,000
?Other bonds . 9,761,000 12,885,000 11,147,000 274,355,000 336,301,000
?Railroad bonds . 16,126,000 19,906,000 12,652,000 399,759,000 430,703,000
j All bonds . 57,927,000 66,592,000 63,330,000 1,821,275,000 2.286,428,000
Record of Stock and Bond Averages
(Copyright, 1921, New York Tribune Ino.)
20 Railroads
30 Industrials
50 Stocks_
10 Railroads
10 Industrials
5 rtilities ..
25 Bonds
Last week
High. Low.
66.40 63.85
66.79 65.70
66.60 64.96
75.28 75.0*5
82.24 81.85
74.45 74.05
77.76 77.64
Stocks
Year aga
High. Low.
64.10 62.55
85.50 83.83
76.94 75.48
Bonds
71.88 70.87
83.75 83.43
69.05 6S.90
75.97 75.59
Rango Jan. 1
to date
High. Low.
66.60 57.40
79.13 63.53
74.12 61.0S
76.23 71.01
84.53 80.45
73.70 70.13
78.41 75.25
Range full
year 1920
High. Low.
73.80 63.60
110.30 67.67
92.05 64.50
-78.97 66.73
91.45 81.30
74.58 67.44
81.71 73.94
Bate.
July 29
Jan 12
Jan 10
Fcb 8
Feb 9
May 18
Jan 14
Jan 26
May 2
Jan 6
Jan 7
Feb 28
Feb 15
Jan 5
May 2
Jan 29
Jan 20
May 2
Feb 23
Jan 20
Jan 11
May 9
May 13
May 18
May 2
Apr 29
May 6
Apr 22
Jan 31.
Jan 29
May 5
Fob 26
Jan 7
Jnn 20
May 2
J an 20
May 24
Jan 4
Jan 19
Jan 27
Mar 1
Mar 29
May 24
Jan 31
May 23
May 4
June 1
Jan 20
May 16
May 11
Jan 13
May 6
May 4
Mar 23
Aug 1
Jan 24
July 28
Jan 3
Jan 7
Apr 30
May 12
Jan 58
Jan 21
Jan 27
Jan 11
May 9
Jan 11
Jan 3
May 6
May 6
Jan 1 I
Jan 16
Mar 123
Jan 25
Jan 25
.Muy 19
.May 20
Jan 7
May 2
Aug 2
Apr 19
Feb 17
May 13
May 13
?Ian 8
May 3
Jan 11
Jan 19
Jan 12
Mar 7
.Jan 20
Jan 20
Apr 30
May 18
Jnn 6
May 9
May 9
Jan 12
Jan 12
Jan 11
Jan 11
Jan 11
May 18
May 10
May 10
Fcb 11
May 11
Jan 20
Jan 19
Jan 13
Aug 3
May G
Jan 29
May 6
Apr 27
Jan 3
Feb 10
May 9
Jan 13
Fcb 18
Jan 6
May 17
Jan 6
Jan 3
Jnn 7
Mar 26
May 2
Jan 11
Jan 17
Fcb 14
Low
1921.
26 Vz
30
18
i ',
1
100
35
83
28-"-g
32
56
47
25%
55
30
23 Vz
76%
1151
108
1574
41
114
Date, in
Jan 3 ?
June 21 4
July 11 ?
June 8 ?
Jan 3 ?
'/4
VZ
40%
42
57
29%
8
21
56
731/2
981/4
4
6'/2
32%
67
95
24
631/4
8 51/4
40-%
95%
111 Vz
87
110
57
93
22
7%
33%
1
24
55%
93
7 61/4
751-2
77
18
1534
12 Vz
820
103%
50%
10
621/4
30%
47
14%
391 2
41 I/2
87
0334
3 .';
9/2
6
51
8 V/4
4
10/4
HI/2
10
53%
7
I2
3
7
7
8
9
12
6
12
7
7
68'
4
41*2
1C1
31%
64| i
190
23
237a
47!/2
46
4
6%
74
22
32
60%
95
49
22%
56!/2
68%
o
191/2
36%
79/2
19
22
52
27%
49
4%
17%
28%
21%
65
b
77Vz
143?
42
%
59
25%
51
77
6%
Feb 15 7
June 23 4
June 23 7
June 23 4
Aug 6 ?
June 13 ?
Jan 11 4
June 23 ?
June 22 6
Aug 1 ?
June 21 ?
June 25 7
June 17 12
May 23 7
June 23 ?
June 13 ?
July 15 8
Apr 14 ?
Feb 2 ?
Jan 25 5
Jan 4 6
June 23 ?
June 10 1
June 13 ?
July 6 7
June 20 6
June 20 7
July 13 ?
July 23 ?
June 23 ?
June 20
Jan 3
June 21
July 9
June 16
June 20
Jan 3
June 21
Jan 4
Jan 3
Fcb 21
Feb 21
Aug 4 ?
June 22 ?
Jan 3 ?
July 28 ?
Jan 26 4
Jan 6 6
June 20 6
June 20 6
Jan 3 5
Apr 27 7
June 17 ?
June 17 ?
Jane 20
June 25 20
July 19 7
Aug 5 7
Apr 20 3
June 24 7
Mar 11 ?
Mar 14 4
June 29 ?
June 24 5
June 22 5
June 13 7
June 22 8
Aug 5 ?
June 13 ?
June 7 ?
Jan 12 ?
Jan 8 10
June 20 ?
June 20 ?
Jan 4 ?
June 16 ?
July 28 6
Jan 5 ?
Jan 4 7
June 22 ?
Jan 4 2
June 20 10
Apr 7 ?
Aug 5 ?
Mar 22 8
Mar 10 ?
June 21 ?
July 14 6
June 20 ?
Apr 21 ?
June 23 ?
June 18 ?
June 20 ?
June 21 ?
Apr 15
July 1
June 29
Mar 11
June 21
Mar 11
Apr 15 ?
Mar 30 ?
June 21 ?
June 25 ?
Apr 4 7
leb 24 ?
July 29 ?
June 20 6
Jan 8 ?
Jan 3 4
July 28 ?
June 28 ?
June 21 4
June 24 ?
Apr 19 7
July 8 ?
Jan 6 7
July 9 ?
June 6 7
July 18 ?
Jun*21 5
Mar 11 2
July 15 4
June27 7
July 11 ?
Adams Erp .
Air Reduction .
Ajax Rubber.
Alaska Cold Mines..
Alar-ka Junean .
All-Amer Cable ....
Allied Chem A Dye
do pf .
AIILs Chalmers ....
Amer Agr Chem....
do pt .
Amer Bank Not?. . .
Amer Beet Sugar...
da pf .
Amer Rasch Mag...
Low. Close.
100 104 104
5600 37 Vz 35/2
100 86 86
1400 32 30!/z
4500 34% 32
200 60 593,4
100 *53|'2 *53* 2
? 1
400
100
600
Amer Can. 7500
. 100
31
65 65
31 30
28'/2 26?
82 82
2200 1251/2 124
800 IO91/2 108
2O0 19 19
900 4% 4'
300 1181/2 117% 117",
1100 11/2 11 11
2700 543i 51 51
200 55 55 55
200 63 63 63
5600 351/4 33 33
100 8% 8% 8?
400 25% 23 23
100 60 60 60
9300 85"/a 83 85
400 102% 100 100'
1900 4% 4 4',
1700 7 6% 7
1600 37% 35% 35'
1800 72 71 72
2'
do pf .
Amer Car & Fdy...
da pf .
Amer Cotton Oil. . . .
Amer Drug Syndi..
Amer Express .
Am Hide & Leather
do pf .
Amer Ice .
do pf .
Amer Inter Corp...
Am-La Fra Fire Eng
Amer Linseed .
do pf .
Amer Locomotire . ..
do pf .
Amer Safety Razor.
Amer Ship & Cora.
Amer Smelting ....
do pi .
American Snuff . . .
Amer Steel Fdy . . .
American Sugar
do pf .
Amer Sumatra Tob
Amer Tel & Tel_
American Tobacco. .
do pf . 700 90%
do B . 1400 124%
American Woolen . . 34400 72%
do pf . 300 97%
Amer Writ Paper pf 800 23%
Amer Zinc & Lead. . 5C0 8
Anaconda . 5100 37%
Assets Realization.. 500 1%
Asso Dry Goods ... 100 30%
do 1st pf. 100 64
Associated Oil _ 3200 101
Atch Top & San Fe 10700 87%
do pf . 1200
Atalantic Coast Line 1700
Atl Gulf &. W I S S 541?O
do pf . 24C0
> Atlantic Petroleum .
Atlantic Refining . .
do pf .
Au.-tin Nichols pf...
Auto Sales Corp pf
Baldwin I.ocomotiTe 48000
Baltimore & Ohio . . 166C0
do pf . 1900
Barnsdall?II . 200
Bethlehem Steel ... 1600
do Class B. 35400
do 7th pf. 400
do 8th pf. 1000
Booth Fisheries . . . 3C0
Bklyn Rap Transit. 1100
do certificates . . . 300
Bklyn Lnion Gas. . 1200
Burns Bros . 400
Butte Cop & Zinc. . 200
Butte & Sup Copper 400
Butterick . 4100
Cadrio Oil . 600
Calif Packing . 2200
Calif Petrol . 1700
do pf . 200
Ca?ahan Zinc & Ld 1700
Calumet & Arizona. 35000
Canadian Pacific ... 14300
Central Leather _ 13000
do pf . 4800
Cent R R of N J. . . 100
Cerro de Pasco. 3400
Certainteed Corp . . . 100
Chandler Motors . . . 60200
Chesa & Ohio. 4200
m
1%
79'/;
88
241/4
23%
1600 13
200 950
100 107
100 50%
200 12', 7,
1!%
Chic & AltonJ:_
Chic Gt Western. . . .
do pf .
Chic Mil & St Paul.
do pf .
Chic ?t Northwn...
do pf .
Chic Pneu Tool.
Chic R I & Pac_
do 6% pf. 2200
do 7". pf. 2700
Chile Copper . 5200
100 73
200 8'
3100 183
9700 283
9700 44
6200 69'
100 101
300 50
27700 343
Chino Con Copper. .
C C C & St L.
Clnett IVabody ....
do pf .
Coca Cola .
Col Fuel & Iron_
Col Cas & Electric.
400
200
900
100
12400
300
2800
Col & Southern. 1000
do 1st pf. 300
Columbia Graphe. . . 3200
do pf . 500
Com Tab Recording 100
Consol Cigars . 500
do pf . 200
Consol Distributor?.. 100
Consol Gas . 5700
Consol Textile . 800
Continental Can .... 300
Continental Candy.. 1100
Corn Products . 9300
Cosden & Co. 14500
Crucible Steel . 21400
do pf . 100
Cuba Cane Sugar... 9000
m
Date.
Feb 16
Feb 28
May 11
May 16
Jan 28
Jan 28
Apr 21
May 6
May 4
May 2
Mar 24
May 9
May 9
Jan 12
Apr 29
Apr 27
Jan 28
Jan
May
Jan
Jan
May
May
Jan 21
May 6
May 11
Jan 11
Apr 19
Jan 13
Jan 24
Jan 11
Jan 7
Jan 26
65
20
120%
36%
53'8
65
81
103
6%
13%
771-2
741/2
64%
65
61' 2
39
tri/a
231/2
20%
33
Jan 25
Mar 4
May 3
Jan 8
Feb 1
May 6
Feb 4
May 13
May 6
May 6
Au* 2
Jan 7
May 18
Jan 25
Jan 25
Feb 16
Jan 29
Jan 11
Jan 11
May 6
Jan 18
May 2
May 17
Jan 24
Jan 18
Jan 7
Mar 17
July 5
Feb 19
May 6
Mar 30
May 5
Jan 25
May 9
May 11
May 2
Aug 2
Jan 11
May 17
Jan 25
Apr 30
Jan 5
May 13
Feb 7
Mar 3
Jan 10
Jan 31
Feb 23
Feb 3
July 6
?Tnn 21
Jan 23
Feb 14
Jan 25
May 19
May 10
May 10
June 15
Apr 29
Low
1921.
191-2
12%
90
176
Vz
1
10</8
16
36
62
87
11%
16','2
11%
44%
7434
2P/4
75
8%
12/4
1
40%
80
53 %
80%
116
9! 2
62
61
7O/4
26%
62|'2
11
60
25%
18''4
73/4
20
25
50' 'z
49'/2
47
10%
85'/2
2
29%
31 2
9
703,4
99/4
9/2
42
28
66%
13
43 '/,
Wz
' 24
23?
4
8'/2
141/2
18' ,
45/2
34
70! 4
35
16
8%
75
32
40
19
17*/2
1381-4
97%
10
Date.
Dtv.
In 9.
7
14
29
Joly 11 ?
July 6 2
Apr 14 9
June 20 10
June 30 ???
May 1 ?
Jan 3 1
June 24 ?
Aug 4 8
Jan 7 5
Jan 5 7
Mar 12 ?
June 21 ?
Apr 14 ?
July 21 8
July 22 8
July 30 4
June 23 10
Aug 3 ?
June 21 ?
June 6 ?
Jan 3 ?
Jan 3 5
N?rt
Sale?. High. Low. Close, chs.e.
SSOO 30% 27 27 -
9200 17% 1534 1534? ?4
600.102 10O 101 + 1
225 200 194% I94/4+ 4' 4
1300 % 34 %? %
1%
17%
17%
36
59%
390O
1%
17%
18%
S71/4
61'2
d? nf .
Cuban-Amer Sugar,
Del & Hudson. .. .
Del Lack & West..
Den & Rio Grande.
do pf .
Dome Mines . 160O
Elk Horn Coal. 300
do pf . 200
Endicott Johnson .. 3900
do pf . 900 941/4 94
Erie . 11800 14% 13%
do 1st pf. 4200 21 19'4
do 2d pf. 700 1434 141/2 M'2-1- as
Famous Players_20400 49 46/2 49 + 2%
do pf . 400 78
F?n1 Mine & Smelt pf 200 22
Fisher Body . 500 89' %
Fisk Rubber Tire... 25100 13
100 12%
900 1%
II4? '4
17%+ 54
171/2? %
36 ? 134
593 s? %
84%+ 3-4
13' B? %
19'4? 1%
73-3
21%+ Vz
89%4-13%
9%? 4
12% - %
1%
31
136
100
97
55'
55
32
36'/
12'/
30"
33
Jnn
Jan
Jan
Apr 18
Jan 13
Apr 26
Apr 25
Jnn 4
May 9
May 9
Jan 4
Jan 31
May 18
May 9
May 2
Jan 11
Jnly 11
Jan 4
Apr 25
Jan 13
Feb 11
Feb 15
May 7
May 4
leb 7
May 11
Feb 17
Jan 14
May 10
June 6
Auir 4
May 19
May 18
Jan 12
May 6
Feb 21
65'2
87-%
1534
10
22
9
65
85
o
16
33' 2
14%
44
65
13%
102
25%
1
41
67%
100
3/2
9
46
64%
39
63
54
20%
44
13%
.16
20
76
21%
82
83%
Freeport Texas _ 100 12% 12%
?Gaston Williams ... 900 1% 1%
Gen Asphalt .107300 66% 60% 51%? 1%
do pf . 100 83 88 88 +1
200 57% 57 57 ? %
300 86 86 86+1
Gen Electric . 19100 120% 116% 117%
Gen Motors .32300
do pf ....
do 6% deb
do 7?'. deb
Goodrirh B F
do pf .
Granby Mining ....
Gt Northern pf....
Gt North Ore sabs,
f?reene Canane? Cop
Guantanamo Suear..
Gulf Mob & Nor pf.
Gulf States Steel. . .
Haskeli & Bar Car.
Homestoke Mining..
Houston Oil .
Hupp Motors . 4300 11?
Illinois Central _ 2700 98 ?94% *94'/4+ 1
.60 Indiahoma Rfg _ 4600 2% 2% 2% ~ t
Inspiration Copper.. 1800 33% 32! 2 32' 2? e
Intb Con Corp. 1500 4 3% 3%? '
do pf . 500 11% 11 11! s
Inter Harrester .... 11200 75% 71% 73%
do pf . 400 102% 99% 99%
Inter Merc Marine.. 1200 10% 10 10 -
July 15 6 Gen Cigars
Apr 25 7 do pf deb
July 29 8
June 20 1
June 10 6
June 24 6
Aug 4 7
June 24 ?
June 23 7
Aug 4 ?
June 14 7
June 24 4
Mar 11 ?
June 21 1
June 24 ?
June 21 ?
June 20 4
Mar 4 ?
June 23 ?
June 21 1
Mar 12 7
June 29
Mar 12 ?
June 13 ?
June 13 ?
July 27 5
June 20 7
June 20 ?
June 24 6
July 8 ?
July 1 7
June 24 ?
Jan 5 ?
Aug 5 ?
June 15 ?
1%
' A
do pf . 2200 46% 44% 45%4- 1%
+ 1
July
Jan
Jan
Jan
Feb
Jan
June
June
Mar
6 ?
6 ?
4 ?
3 ?
3 ?
5 4
7 4
7 8
1 ?
Mar 11 ?
Jan 3 ?
Aug 2 4
June 23 ?
Jan 3 ?
Mar 21 ?
Jan 14 2
Inter Motors . 1300 32
do 1st pf. 200 69
Inter Nickel . 4400 14%
Inter Paper . 11200 54
Invincible Oil . 18100 10%
Iron Products Corp 100 25
Island Oil . 6100 3
Jewell Tea. 6200 10%
do pf . 1000 32%
Jom-s Bros Tea. 400 18
Kansas City So. 9100 26% 25% 25%? ',
do pf . 2600 51% 49% 49%
Kelly Springfield.... 25400 44%
do 8% pf. 400 81
Kelsey Wheel . 100 60
Kennecott Copper ... 3000 19%
31
63
13%
50%
5%
25
234
9%
30
18
32
68 ? %
13%+ Vz
50%? 1%
8%? 1%
25 ? 3%
2%+ %
10 -4- 1%
30 -J- 4
18 ? 4'.-i
40
80%
60
18
: 4
40%? 3
80%? 2%
60 4- 1
18 ? 1%
Keystone Tire . 10300 14% 12% 12%? %
Kress & Co
Lacknwanna Steel..
Laclede (?as .
Lake Erie. & W pf.
Lee Rubber & Tire..
June 21 3% Lehigh Valley .
Jan 22 12 Liggett & Myers_
do pf .
Loews Co Inc. 9900
Loft Candy . 5600
Loose Wiles Biscuit
Lorillard Pierre ...
3 7
7 ?
6 1
3 ?
3 12
5 7
Jan
June
Aug
Jan
Feb
Jan
Apr 14 7
Jan 3 6
June 7 4
Aug 4 ?
June 14 7
June 24 ?
May 6 ?
July 19 ?
June 17 ?
June 25 ?
July 15 ?
May 23 ?
Auk 5 ?
Jan 4 8
July 6 12
Jan 3 2
100 75 75 75 ?20
1300 40 39% 39%+ %
1300 54% 52 54; 2+ 2
200 23 23 23 -
700 28% 26% 26%? 1%
2600 54 52 52%? %
100 155 155 155 + 2
200 101 100% 100%? 1%
12 11% 11%+ %
9% 8% 8%? %
100 33 33 33 + 1%
1500 150% 148 149%+ 1%
do pf . 1000 101
Louisville & Nash.. 700 112
Mackay Cos . 200 64
do pf . 200 55
Manati Snirar . 1200 38!'
100 100 ? 2%
108% 108%? 2%
63 64 + %
55 55 -
32 32 ? 6%
Manhattan EIct ....
Mailand Oil .
Market St Rway. ..
do prior pf.
Max Motor A.
do B .
do ctfs .
do 1st pf ctfs. . . .
do 2d pf ctfs.
May Dept Stores....
Menean Petrol ....
Miami Cons Copper.
500 49% 49 49?1
600 14% 14% 14%?
334 3%
31/
33
9
1 ?
July 20 1.60 Middle States Oil.
June 22 ?
Mar 11 ?
June 14 7
May 3 7
Jan 23 ?
Mar 11 ?
Mar 11 ?
Feh 3 ?
June 23 3
July 11 3
June 23 ?
Jan 4 7
July 18 ?
Apr 13 ?
June 23 6
July 28 6
Jan 20 7
July 28 ?
Mar 31 ?
June 21 6
June 21
Jane 20
July 16
June 24
Jan 28
Jan 26
June 18
Mar 11
July 29
Midvale Steel . 6900 25%
Minn A St Louis... 700 12%
Minn St P & S S M 2400 72%
do pf . 200 90
Mo Kan A Texas... 400 2%
Missouri Pacific- 3900 21%
do pf . 450O
Mont Ward .
Montana lower ....
Morris & Essex.
National Acme
National Biscuit . . .
Nail Cloak & Suit. .
Nati Conduit & Cable
Nat Enam & Stamp
National Lead .
do pf .
Nat R R of M 2d pf.
Nevada Con Copper.
New Or Tex & Mex
N V Central . 15800
5
5
5
5
2!_
5 do pf .
- N Y N H & Hart
1 NY Ont & Western
4 N Y Shipbuilding. ..
(Continued on paj? twelve*?
N Y Chic & St L.,
?o 1st pf-,.,
do 2d pf.
N Y Dock . 1200
300
5510
65
500 20!
Price Trend of the New York Stock Market
1 lie graph shows die weekly fluctuations in the average price of twenty railroad stocks in one line am! thirty industrial
stocks in the other since September 1, 1919
ER, PEABODY S Ci.
18 Broad St. 115 Devonshire St,
45 East 4 2nd St 21G Berkeley St
NEW YORK BOSTON
Government Bonds
Investment Securities
Foreign Exchange
Letters of Crs?ri
Investment Circular
on Request
Correspondents o?
BARING BROTHERS & CO., Ui
LONDON
Remitting Money
Branches
ENGLAND
FRANCE
SPAIN
ARGENTINA
CHILE
PERU
URUGUAY
MEXICO
Affiliations
BRAZIL
COLOMBIA
ECUADOR
GUATEMALA
SAN SALVADOR
VENEZUELA
NICARAGUA
Correspondents in Belgium, Holland
Italy, Switzerland, Germany, etc
Telephone Whitehall .
ANGLO-SOUTH AMERICAN
'"BANK, LIMITED
New York Agency, 49 Broadwiy
Readjustment
of
ALISES PACKERS,
INCORPORATED.
Depo?'*s under the Piar
Agreeme
1921, as modifie
i
I
the I r
of the In
v. ;w ?? ?: :
and the general approval of
Plan as
Comn
time within which
may be i
of busi
192!.
willing I i
Bummate the i
the present amount
ties*
withi
additional
Committ ?
steps to
!
efforts to cons
same,
? ' ?
JOH ' *
HB1 ?
. SU?
C. E. 5:
80 Bi
I3?T1
Danish Government
3 M % I I 909
Inter? "-Z
H U T CO.
SO Pine Street, ?w York.
Title Guarantee
& Trust Co.
CLINTON GILBERT
2 Wall Street, N. Y. Te!. 4S4?
New York State Bond?
Issued in <
not Intcrc
terable.
Form Rat? W
Cai .i' a :
.j : ?????
A*.
?
. ?
H Ighw
Canal
?
. ?
High '
?
; Federal and Joint .
?"U'nds
* il
t
i !
'. 941,
. Ft .:?;.,.
19738, i
?
I
?
' 8 i
il
IS
c
. ??
United States Treasury Notes and C*f
< **
l ir*
; H
11
tiQcat* s of ?ndebtcdne: s
M our h
r . .
October . .
?Dea
? M iron .
?J uno
?Accc
UU Ul< va','
: a uicuat
4 ?'?'
I
.;
., a? i.****

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