New-York tribune. [volume] (New York [N.Y.]) 1866-1924, August 11, 1921, Image 16

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New-York tribune. [volume], August 11, 1921, Page 16, Image 16
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New-York tribune. [volume] (New York [N.Y.]), 11 Aug. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-08-11/ed-1/seq-16/>

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Hinges
-il
on
Steel
Keen analysis of transporta?
tion conditions by big eastern
railroad official back from
tour to Pacific, in current
issue of our Investment Sur?
vey No. 25.
Increase your income by buy?
ing gilt-edge securities ap?
proved by banks. Our Partial
Payment Booklet S-5 tells you
how.
Scott & Stump
Investment Securities.
40 Exchange PI., N.Y. Tel Broad 133?
You are cordially invited to
visit our bom d room.
United Drug
The leading enterprise of
its kind in the world,
with gross sales, surpass?
ing $140,000,000 per an?
num.
Special report analyzing com?
pany's present status, earnings,
dividend record, hoofy value of
shares, etc., iogetiier rvilh
market highs and lows, mailed
free on request.
Ask for R-580
KOHLER.BREMER.?/G?
?STOCKS -BONOS ?
32 Broadway Hampton Hotel,
HEW YO-m. ALBANY. * *
Vital Unbiased
Articles
culled from the leading
financial periodicals?
Authoritative, frank discussions
bi/ independent financial irperts.
Finance* discussed and market
opinion.'! given on
American Sugar
Bethlehem Steel "B"
Interboro Rap. Tran.
Montgomery Ward & Co.
Repub. Iron & Steel
St. L. & San Fran.
Sinclair Consolidated
United Retail Stores
It la necessary to state stock
In which you ore Interested.
Sent Without Obligation
Mosher&Wailace
BTOCK3 ? BON DS ? ORAJN
MCXOWS \ consolktotad Stock E"o_wi_.??
of N?*vM>r'n.
53 Broadway 130 E. 42-*4 8h
Ten Leaders Among
Public Utility Bonds
Selling today to yield about 8%
Profit possiLUities attractive
Send for special descriptive bulletin,
L. A. HUGHES & CO.
100 Broadway. Tel. Rector 2853
Foreign Exchange Explained
Asir for Free Booklet J-2
Vim. H. McKenna & Co.
DOWNTOWN UPTOWN
25 Broadway 25 E. 43d St,
Bowling Green 3?73 Murray Hill 8u80
FINANCIAL_
TUB AMERICAN TOBACCO COMPANY
Redemption of Serial notes MuturlriR
November 1, 1021
The American Tobacco Company hereby
gives notice that It will rodeem and pay,
vn August 15, 1921, at the office ci Guar?
anty Trust Co. of Now York, 140 Broad?
way, Borough of Manhattan, City of N'tw
York, ail, to wit: $3.333,00?). at par ot Its
Perles C not?? dated November 1, 1P1S, ma
firing on November 1. 1921, at par with
Interest accrued from May 1, 1921. to said
August 15. 1921, and with a premium of
one per cant on the principal of said
notes. This redemption Is In accordance
with, the terms of Artlole IV of the trust
agreement of November 1, 1918, to which
17ie American Tobacco Company was
party of the first part, and Ouaranty Trust
Company of New York as Trustes was
party of the socond part. wh?reund?r ?25,
?00 090. at par of TCi serial gold notes
were Issued. Series A and Series B matur?
ing respectively November 1. 1919, and
November 1, 1920, having already been
paid; and this notice tu In accordance with
said Article.
Holders of any of said Serles C of said
??nal gold notes maturing November ;.
1921. may present such on. or at any time
after, AutruHt 15. 1921, at the office of
said Ouaranty Trust Company of New
To-k. and the seid noten wl'l be paid with
accrued Interest up to August li, 1921, ami
the premium of one per cent, as aforesaid;
whether -o presented or not, euch not?;?
?hall eeaa? to draw Interest on said Au?
gust 16, 1921, and coupons for interest sub?
sequent to that ?late ?hail bo void.
THK AMERICAN TOBACCO COMPANY,
By J. V. W. HICKS, Treasurer.
July 14, 1921.
TO HOLDERS OF"
Jeffcrton & Cleirneld Coal & iron Co.
N*<"Oiid MortgiMr* o?'. Bonds
SINKING FUND NOTICE.
Notice it hereby given as provided In
Article 3 of the Indent urn dated June 15,
l*9?i, securing the abov,: bond? that m-aled
offer* will b? received up to 10 A. M. on
Thursday, S*ptfir.b-r ID. 1021, by the United
Mati.-i ".Jor*Kii';r & Truxl V.o., at Its office,
?No. .... Cedar i-'-.r-ei, X,.w York, for the
sale f,, It ?? Truste" at the lowest prli.e
at which such bonds ?hall be offered, not
?x?eedlng 165% and accrued interest, of
?urn. on; ?: top a boy bonds to exhaimt
of Thirty Thousand. Six Hundred
? Dollars and seventy-four cents
<t??.?..'?. .4).
' '? ?all be sealed and endorsed "Of
?ale ot Jefferson * r.'learnelrt
1 Iron C ? ?..my ??% Bonds to Sink?
ing Fund" ar.<! a.ldre-vx-?! to the Trust
IX'imri ruent.
JEKKEUSON A ?".'.EAHFIET.D COAL 4
IRON COMPANT,
J*.y OKO 11 CLUNB, Treasurer
Dated, Rochester, N. v.. August ?o, nji.
1J?E MORTGAGK-IIOM* COMPANY
O* NEW YORK
Thn fo!!ov/;ng Bonds have been drawn
'or payment on October 1. 1931, on which
fiat? the Interest will rea??- Serles 3, Nos 8
9??, T??, 12(4, 1304. 143? 1479, 167?, l?(l?,
)*i2, and will be redeemed at par with
inters?' ?o that date upon presen: ailon at
any of the following places for payment;
in New York
At the office of The Mortgage-Bond
Co of New Vork, or
At the office of Ladenburg. Tbalmann
* < ornpaoy.
t? London
Ar the Banking Bouse ef Cou Us 4k
?Company,
la Park?
At the Banque de I'TTnlon Parlalsnne.
Jm AflMtard* i
At the Adminlstratlekantoor Bros? Jt
?osrnan C. K.
DIVIDEND NOTICES
SoutnwftleTB Power ft Lifat Company
fr*trrrr<l Hl'itk Dividend 88
'J he r?gulai nitettettf dividend of one
???; three quarter? *.<-r cent. (l%%)
the Preferr'd Stock of ?Jottthwestorn Power
& ?Agin ilhtnpunf h*e be?;ti declared, ?,xy
nui? K*pterober i, l$ti, to stockholders of
r?''*rd at to? eloo* >,C buslr,<??(? AiiKuut 13,
11?. WILMAM RK18E)'., Tr?s?ur?r.
South American
Trade Declines,
U. S. Figures Show
imports of Coffee Increase;
Shipments of Hides, Rub
ber and Wool Decline-,
Exports of Coal Advance
WASHINGTON, Aug. 10.?While im?
ports of rubber, hides, wool and other
important "South American commod?
ities declined considerably during the
last fiscal year, shipments of coiTee
and cocoa from Brazil showed marked
advances, according to foreign trade
summaries issued to-day by the Com?
m?res Department. Of the exports to
tho southern republics during the
year ended June 30 heavier ship?
ments of bituminous coa! were ex?
ceptions to tho rather general de?
cline in outgoing cargoes.
During the fiscal year imports of
coffee from Brazil aggregated 857,000,
000 pounds valued at 3102,000,000,
compared with 852,000,000 pounds
worth $191,000,000 in the fiscal year
of 1920. Cocoa imports from the
same country totaled 74,000,000 pounds
worth $5,000,000, against 64,000,000
pounds at $12,000,000 in 1920.
imports of cattle hides from Argen?
tina during the year aggregated 83,
000,000 pounds valued at $18,000,000,
compared with 174.000,000 pounds at
?,03,000,000 the previous year, and from
Brazil the total was 22.000,000 pounds
at $3,000,000 against 37,000,000 pounds
at $11,000,000 in 1920.
Argentina sent but 93.000,000 pounds
of wool valued at $18,000,000 to this
country last year, against 125,000,000
pounds at $59,000,000 the previous
year. Chile sent 14,000,000 pounds at
$5,000,000, against 18,000,000 pounds
at $0,000,000, and Peru's total was
253,000 pounds at $63,000, against
2,000,000 pounds at $1,00,000 in 1920.
Rubber imports from Brazil for the
year aggregated 26,000,000 pounds,
valued at $5,000,000, against 54,000,000
pounds at 519,000,000 in 1920, while
from Peru the total was 1,000,000
pounds at $398.000, against 4,000,000
pounds at $1,000,000.
Copper from Chile in 1921 totaled
43,0001,000 pounds, worth $7,000,000,
against 07,000,000 pounds at $15,000,
0(10 the previous year, while Peru sent
70,000,000 pounds at $11,000,000, against
78,000,000 pounds at $15,000,000 the
previous year.
Bituminous coal exports to Argen?
tina during 1921 aggregated 2,000.000
tons, valued at 819,000,000, against
933,000 tons at $7,000,000 in 1920, while
976,000 tons at $11,000.00') was shipped
to Brazil, against 540,000 tons at $4,
000,000 in 1920, and 496,000 tons at
?5,000,000 to Chile, compared with
165,000 tons at $1,000,000 in 1920.
Exports of cotton cloths to Argen?
tina in 1921 aggregated 33.000,000
yards, valued at $10,000,000, against
49,000,000 yards at $11,000,000 the pre?
vious year, while 12,000,000 vards at
$4,000,000 were shipped to" Brazil.
against 13,000,000 vards at $4,000,000
and 17,000,000 yards at $3,000,000 went
tc Chile, compared with 20,000,000
yards at $3.000,000 in 1920.
Exports of mineral oils to Argentina
aggregated 45,000,000 gallons, worth
$17,000,000, compared with 51.000,000
gallons at $15,000.000 in 1920. To
Brazil the total was 54.000,000 gallons,
worth $15,000,000, against 48,000,000
gallon? at $12,000,000, and to Chile
34,000,000 gallons, at $5,000,000 against
69,000,000 gallons at S6,000,000 in 1920.
More Troubles Ahead
For Paper Companies
Although Many Problems Have
Been Solved Future Is
Not Certain
Special Dispatch to The Tribune
MONTREAL, Aug. 10.?Although the
situation regarding tho newsprint com?
panies in Canada is gradually clearing
and the major problems are being
solved, there is still considerable un?
certainty in the financial position as
a result of trade troubles. Omission
of dividends by the Abitibi and Bromp
ton companies recently has unnerved
investors in paper securities. Now
comes the rumor that the dividend on
Price Brothers & Co. stock, which was
recently divided on a five for one basis,
will be passed. The dividend is % of
1 per cent quarterly, equal to 15 per
cent on the old shares.
Predictions are being made, despite
the excellent showing in tho financial
statement of the Spanish River Com?
pany, that no company will be able to
maintain its present dividends for
long, nor will they be able to maintain
them two years hence. This probably
is an extreme view, however, and many
are holding out much confidence in the
future for the industry.
International Acceptance
Bank Sells Some Stock
The International Acceptance Bank
announced yesterday the sale of some
of its stock to the Den Norske Kredit
Bank of Christiania, which will give tho
American institution a strong Scandi?
navian connection. The Christiania
bank has total resources of 375,000,000
kroners,
James P. Warburg, son of Paul War?
burg, head of the International Accep?
tance Bank, has been made secretary
of the latter institution.
Drnby Motor Truck Co.
Plans to Double Capital Stock
S-peoial Dispatch to The Trihue.
DETROIT Aug. 10. The Denby Mo?
tor Truck Company purposes to in?
crease its capita! stock from $750,000
$1,400,000 by the issue of 65,000 shares
of 8 per cent non-accumulative first
preferred stock at $10 per share.
A special meeting of the stockhold?
ers has been called for August 26 fo
pass upon the matter as well as upon
$300,000 first mortgage five-vea r 7 por
cent bonds, $100,000 class A and $200,?
000 class B.
Canadian Wheat \ ?eld
Sp?cial Da patch to The. Tribune.
MONTREAL, Aug. 10. The q;op re?
port of tho Canadian Bank ?1 Com?
merce, just issued, gives the average
yield "f wheat, n* compared with the
average of the last decade, fairly hign.
It is estimated Alberta will have >>n
avi ri :': yi( Id of 79 per cent; Manitoba,
100 per cent, and Saskatchewan, 134
per cent.
It is ?aid there arc still 13,000,001
bushels ni old crop grains to be moved
from the h> ad of the lakes before the
new crop begins to corne forward.
Every effort will be made to avoid con?
gested < levator condil ions.
? ? -
Stock Exchange Listmps
The New York Stock Exchange has
admitted to list the following:
$20.000,000 Pittsburgh, Cincinnati, Chi
cago &. St. Louis Railroad Company
genera] mortgage 5 per cent gold
bonds, series A, 'I'"' June I, 1070;
$60,000,000 Pennsylvania Railroad
Company, flfteen-yaar 6'/?? per cent se?
cured go!?! bonus, due February 1.
1930; ?! ooo.ooo Stern Brothers K per
cent cumulative preferred ?tock, and
$12,277,000 Delaware, Lack?wanna &
V/extern Railroad Company cupital
Btvck,
Investment
Information
?,-,
Questions of general interest to in?
vestors will be answered in this col?
umn, in which case only initials will
be used. Others will be answered by
mail. Address all inquiries, inclos
ing a. stamped, addressed envelope, to
Financial Editor, The Tribune, 15U
Nassau Street., New York City.
L-:-1
Divisional vs. General Mortgages
Question ? I shall bo much obliged If
you will give um your opinion and any In?
formation thereto on the following point:
While there are Instances where a railroad
divisional first mortgage Is not to be pre?
ferred to a general mortgage on tho whole
property, as a rule It would appear that
first mortgage divisional bonds are to be
selected in preference to the genoral mort
~as?i bonds of the. same railroad. Now,
what the writer Is getting at is, what are
tu?' points to look for In deciding whether
a divisional mortgage Is or is not to be
sell cted In preference to a general or re?
funding Issue'.' For Instance, as an ex
ainplc, let us consider at random the
Ml?" ???and. Cincinnati, Chicago & 8t. Louis
Railway Company. Do you not consider
tho Cincinnati, Wabash Si Michigan Hall?
way divisional first 4a, 1991, a superior se
curltj t?> the gen?-ral 4a, flue 1393? The
maiket does not Indicate this, for the first
bond is quoted at G2Vj to C4, whereas the
general mortgage bond Is quoted at 66 V4
to 07. Or, take the St. Louis divisional
first collateral trUBt 4s. 1990, quoted at 65
to Sfi, which is practically th" sumo yield
basis as the general mortgago issue. The
Cairo divisional first 4s, 1P;;y, at 72 to 74,
also present possibilities for an exchange.
Similar selected cases might bo pointed
out. While It Is reported that the Mis?
souri, Kansas & Texas Hallway reorganiza?
tion will upset some of the theories preva?
lent as to the desirability of divisional is?
sues, it must bo remembered that tho
Eastern roads v,-<re. built up on an entirely
different basis from tho Western roads In
that the one constituted a merger of a
number of properties, such as tho New
York, New Haven & Hartford, and the
other an ambitious project, conceived, built
'i1,' ,'>oruleJ moro or less us a unit.?
Answer?The best test that we know
of as to the value of a divisional bond
is a careful study of the relation of
tho mileage on which the bond is a
first lien to tho operations of the sys?
tem. If the track on which the divi?
sional bond is a mortgage is an abso?
lutely essential part of the operation
of the more important parts of the
system it is unlikely to be disturbed
even in a drastic reorganization, ana
in such case it has a greater security
than a general mortgage on the sys?
tem, which is subject to an average of,
we will say, $20,000 a mile prior liens.
Market price does not form a good
criterion of the value of bonds unless
the bonds are actively traded at fre?
quent intervals. With nn inactive di?
visional mortgago bond there may be
variations of as much as 5 points or
more between sales, representing the
greater or le,ss urgency of either the
sale or the purchase. In the instance
that you cite the Cleveland, Cincinnati,
Chicago & St. Louis, Cincinnati, Wa?
bash & Michigan divisional first 4s are
secured by a first mortgnge on 204
miles of road from Rushville, Ind.. to
Benton Harbor, Mich. Benton Harbor
is on Lake Michigan. The piece of
line from Benton Harbor to a connec?
tion with the main line of the New
York Central & Hudson River at Niles
is probably a valuable piece of line
from a traffic standpoint, but it is not
the only line from the main line of the
New York Central to Benton Harbor,
and from Niles south to Rushville the
line is a somewhat wandering one,
which, after it lea/es Goshen, touches
no important cities and is paralleled
for a good part of the way by tlie more
important line from Michigan City
down to Indianapolis. All such studies
as these are hypothetical, of course,
but our own opinion, after having fol?
lowed with a good deal of care and de?
tail all of the more important railroad
reorganizations since 1008, is that the
Big Four general 4s, due 1993, are a
superior security to the Cincinnati,
Wabash & Michigan divisional first 4s.
The original plans for tho Missouri,
Kansas & Texas reorganization would
have treated divisional mortgage bond?
holders pretty strictly on the basis of
the value of the division to the opera?
tion of the system as a whole, but the
latest plan under consideration treats
the Missouri, Kansas & Eastern well, we
believe. There, is not a great deal of
difference in the principles of Western
railroad and Eastern railroad reorgani?
zation, we think. You mention the
New Haven. If you care to look in one
of the manuals and study the Boston &
Maine reorganization we think you
will be inclined to agree with us that
the leased lines, which are analogous
to divisional mortgages in many cases,
were treated with stern justice.
Holds a Well Chosen List
Question--The writer would greatly up
predate vour opinion on his present hold?
ings ($1,000 denominations), together with
Iks contemplated purchases, also listed
below- safety of principal main requisite.
Present holdings: Threo Virginia-Carolina
Chei leal 7M?8, two Adirondack Power and
Light 6s, two Virginian Power i'S, one
Do Laval Separator 8s, r>i??; Interna?
tional Mercantile Marino 0. on?. Northwest
Bi 11 Telephone 7. one J. H. Williams & Co.
7, two Van Camp Packing Company 8s, two
; nited States government r,'i per cent cer?
tificates, two French government 7'-j?. one
Cleveland, Cincinnati, Chicago & St. Louts
Railroad C, two Evansvllle, Indiana *
Terre Haute 7s, first mortgage; one Illinois
?''?iitra! 6V4, on? United Railways of Ha?
vana lift, equipment. Contemplated pur?
chases: One Niagara Fal:s Power 6, one
Pacific (laa and Electric 7, one Louisville
Si. Nashville 6%.?C. II. L.
Answer?The list of bonds that you
hold is a gooil one. .Some of the in?
dustries presented are passing through
rather a severe period of. d?pression,
notably the Virginia-Carolina Chemi?
cal. The bond is affected in market
price by the severe depression in the
fertilizer industry. We think, however,
that the company is a strong one and
should have no difficulty in earning its
interest charges. You have only two
foreign governments. In our opinion,
in a list of twenty-two bonds you could
wisely have four or five of the foreign
governments and take advantage of the
high yield and high degree of safety
offered by these bonds because of pres?
ent market conditions.
General American Tank Car 7%n
Question?Ara tho General American
Tank Car 7'?s, due 13:<1, a safe Invest?
ment, In your opinion (price $'j7.j0 and
Interest) 7?B. M.
Answer?Wo consider the General
American Tank Car 7'? per cent equip?
ment trust certificates, due 1931, as a
good investment, but not quite in the
same class of investments as a rail?
road company's equipment trust certi?
ficates would be. The General Ameri?
can Tank Car manufactures and rents
railroad tunk cars, whereas a railroad
company buys only such equipment as
it needs to carry on the business, and
therefore cannot afford even in the
case of receivership to default interest
on equipment trust certificates. As
a general rule a car manufacturing
company is in a quite different position,
and hero the equipment trust certifi?
cates are in the tinture of a note se?
cured on manufactured goods for sale.
This issue is a lien on 2,400 cars val
ucd at $4,600,000. The certificates are
outstanding in tho sum of only $2,880,
000.
Northern Pacific 6 Is Good
Question?1 have a Northern Pacific j
Railway 6s, scries .'I bond. Do you con- '
Klder it good, or had I better lut It go and
gol ti Northern Pacific-Great Northern.'
Paid 97 \ for lt.?J. I,, ?i.
Answer We consider tho Northern
Pacific (i per cent bonds a good invest?
ment. If it came to a choice about.
buying one or the other, we would pre
for the Northern Pacific-Great North?
ern joint OVa per cent bontls, but do
not think that you need feel that you
must ;?hift from one into the other.
Four full columns of in?
vestment questions and an
nicer* are published in The.
Tribune every Sumlay
-i
Cotton Is Weak
Despite Bullish
Reports on Crop
Stock Market Weakness In?
fluences Futures; Close Is
Not Firm, With Prices 8
Net Lower to 2 Higher
With crop news and cotton goods
reports about as bullish as ever, the.
cotton market developed wenkness yes?
terday, and after selling off 30 points
from the early high point closed quiet,
with prices 8 points net lower to 2
higher. Covering orders in the last
few minutes checked the decline and
brought about a moderate upturn, but
even ot the close the market was by
no means firm and lnckcd the buying
power which characterized the trade
all last week. The South once more
sold hedges rather freely and stock
market weakness had much to do
with the heaviness that developed in
the early afternoon.
The belief In market circles that the
weather report would be bullish proved
correct, but the market did not respond
to the extent anticipated, largely because
of the pressure from Wall Street and the
weakness in that quarter. Tho trade has
becomo so familiar with adveran crop
news in the last week or bo that there Is
a tendency to believe that recent advances
have about discounted bullish conditions
and many of the long accounts acquired
since tho government report have been
liquidated.
Southern spot markets n's officially re?
ported were 10 points lower to 12 higher,
and ranged from 11.26o to 12.66c.
The local market for spot cotton wa.s
quiet and flve points lower at 13.25o for
middling. No sales were reported.
The range of prices:
Tues.
Open. High. Low. Close. close.
Aug_ - -- 12.S7?S>- 12.91
Sept...- 13.02?- 13.09
Oct_ 13.39 13.48 13.15 13.24 ? 13.25 13.30
Nov...- 13.45?3>- 13.53
Dec_ 13.64 13.94 13.61 13.71? - 13.73
.Inn_ 13.85 13.35 13.G4 1.1.7-4 <f7> - 13.75
Feb_-?? 13.80ciD- 13.81
Mar... 14.OS 14.28 13.91 13.99?- 14.00
Apr_-?14.01? - 14.02
May... 14.17 14.25 13.99 14.06? - 14.0.",
June...-14.08? - 14.07
July... 14.25 14.25' 14.25 14.16? - 14.14
Southern Spot Markets?Galveston steady,
unchanged, to 12.65c; sales, 488 bales. New
Orleans steady, 12 points higher, at 12.25c;
sales, 1,363 bales. Mobile nominal, un?
changed, at l!c; sales, 12 bale?. Savannah
steady, 13 higher, at 12.13c; sales, 174
bules. Norfolk steady, unchanged, at 12c;
sales, 1,074 bales. Augusta st?'ady, 12
higher, at 12.25c; sales, 47 bales. Mem?
phis steady, unchanged, nt 11.50c; sales.
600 bales. St. Louis quiet, unchanged, at
11.60c; sales nil. Houston quiet, un?
changed, at 12.60c; sales, 2.012 bales. Littlo
Hock steady, unchanged, at il.25c; sales,
143 bales. Montgomery firm, unchanged,
at 11.25c; sales, 193. Port Worth quiet,
unchanged, at 11.50c; sales, 385 bales.
Cotton Statistics
Tester- Last Last
dav. week. year.
Port receipts .. I?.498 8.60:* 4,025
Exports . 0,759 24,366 10,321
Exports season. 97,632 25,381 66,172
N. T. stocks... 156,235 156,784 35,965
Port stocks ...1,321,367 1,328,634 714.861
Interior receipts 9,400 8,170 2.080
do shipments 9,670 9,340 6,880
N. V. arrivals.. 1,064 1,501 585
Liverpool Cables?Spot cotton good In?
quiry at 9 points advance. Middling, 8.63d.
Pales, 8,000 bales; American. 6,000. Imports.
1.000; none American. Futures opened
steady at 10 to 13 points Hilvane?-. Closed
steady at T< to 21 points adv nc.e. Octo?
ber, 8.93; December, 9.05; January, 9.06;
What Things Cost
Quotations are cask prices in
FOODS?
Commodity and unit. Yesterday.
Wheat (No. 2 hard) bo. $1.36
Corn (No. 2 yellow) bu.80
Oats (No. 2 white) bu.49
Flonr (spring pat) bbl. 8.00@$9.00
B?ef (family) bbl. 15.50
Pork (mess) bbl. 24.75
primary markets.
Previous 1920 range.
.60?
.06^8
.38?
.34?
.0615
.1325
?07;/8
5.75
.85?
90
Sugar (granulated) lb.
Coffee (No. 7 Rio) lb.
Butter (creamery, first) lb.
Eggs (fresh, first) doz.
TEXTILES?
Cotton (middling upland) lb...
Print cloths (38/2?64x60)_
Silk, raw (No. 1 Sin.) lb.
Wool (fine Montana scoured) lb
METALS?
Iron (2x Philadelphia) ton.21.50@23.50
Steel billets (Pittsburgh) ton.... 33.00
Lead (spot) lb.045
Copper (spot) lb.11^8
Tin (Straits) lb.27
RUBBER AND HIDES?
Rubber (ribbed-smoked sheets) lb -14>/2
Hides (calfskin?, city) 9 to 12 lbs 2.60
day.
$1.36' a
.8V4
.51
8.0C@$9.C0
15.50
24.75
.06@
.06?8
.38?
.34?
.1330
.07
5.75
.85?
.0615
.90
21.59@23.50
33.00
.044
.11%
.28
.14'. 2
2.60
High.
$2.50
2.31%
1.503-4
16.25
28.00
47.00
.23
.16%
.77
.89
.43%
.26
17.45
2.00
53.50
65.00
.09'/a
.19'2
.65/2
.64i/a
10.50
Low.
$1.70
.94/2
.60
9.00
20.00
29.50
.08
.06!/?
?51'/i
?42/2
.14/2
?07/a
5.00
.80
33.00
43.00
.04'g
.12/2
.32/2
.15/a
2.10
March, 9.IG; May, 9.21. Manchester: Yarns
quiet, cloths dull.
Cottonseed Oil
The market closed with prices $?14
points net lower.
The range of prices:
Tuesday's
Open. High. Low. Close. close.
Spot_-?-?- 8.70?? S.70
Aug.- ?. 65? 8.75 K.?;5
Sept_ S.75 8.85 8.68 8.69?8.70 8.78
Oct. 8.80 8.SO 8.74 8.78?8.80 8.85
Nov. 8.45 8.46 8.45 8.3608.42 8.51
Dec. 8.45 8.46 8.30 8.32@8.36 8.45
Jan. 8.48 8.48 8.33 8.35?S.38 8.48
Feb. 8.46 8.45 8.45 8.3S?iiS.45 8.52
March.. 8.66 8.56 8.51 8.50?8.52 8.GO
Sugi
car and Coffee
Raw Sugar Futures?The range of prices:
Tuesday's
Open. High. Low. Close. close,
Aug_ - - -. 3.20?3.22 3.22
Sept_ 3.25 3.25 8.23 3.22? 3.23 2.25
Oct. - -,- 3.15?3.17 3.17
Nov. ?- ?- ?- S.10@3.12 3.12
Dec. 8.05 3.05 3.04 3.05@3.0S 3.06
Jan. 2.95 2.95 2.95 2.94@2.95 2.98
Feb. 2.85 2.85 2.85 2.81@2.83 2.88
March.. 2.81 2.81 2.81 2.31 (a 2.83 2.82
April...-?? 2.85? 2.87 2.S6
May_ 2.87 2.87 2.87 2.87?2.88 2.98
Juno.... ?- 2.94? 2.95 2.9G
July-'- 2.03? 3.04 3.04
Coffee Future??The range of prices:
Tuesday's
Open. High, Low. Close. closo.
Aug.... ?-.- G.33?6.35 6.20
Sept.... 6.35 6.45 6.35 6.43 fij) 6.44 6.29
Oct.-?,- - 6.58</f6.59 6.45
Nov.-, -?? 8.73?6.74 6.60
Dec. 6.81 6.90 6.81 6.88?6.S9 6.75
Jan. ---?. -? 7.0ir?i7.03 6,88
F?'b.- 7.14? 7.15 7.01
March.. 7.25 7.29 7.25 7.29@7.30 7.13
April... -?- 7.39?7.40 7.23
May.... 7.48 7.48 7.45 7.49?7.50 7.32
June.... ?-?- 7.594f7.60 7.41
July.... 7.65 7.69 7.61 7.69@7.70 7.50
Butter, Cheese and Egga
Batter?Receipts were 15.316 packages.
Cramery, higher than extras, lb 43 VJ?
44c; extras, 92 score. 42 Mi? 43c; firsts, 38
ffi>42c; second?, S5V4 if 37 He; lower grades
33<fj-35c; unsalted, higher than extras, 45
4;45','jc; extra?, 44?4l'.c; llrsts, 39?43c;
seconds, 36? 38c; state dairy tubs, finest,
41?42c; good to prime, 38?40c; common
to fair. 33? 37c; ladles, current make,
firsts. 34?35c; seconds, 29 H ?30c; lower
grades, 2*?'?:2''e: packing stock, current
make. No. 1, 30c; ?o. 2, 29c; lower grades,
26? 28 V4o.
Cheese?Receipts were 3,224 boxes. State
flats, specials. 21@21Hc; average run, 20
!tr20'ic; state twins, specials, 21@21Hc;
'average run. 20?20tt.e; Wisconsin, double
i Daisies, fancy, 20? 20 Vic; single Daisies,
I fancy, 20@21c; Young Americas, 22@23c;
! slate skims, 8? 15c.
Kggs?Receipts, 3 8.451 cases. Fresh
I gathered, extras, dozen, 42@45c; extra
?firsts, 38@41c; firsts, 24@37c; seconds, 29?
33c; frade eggs, 23@30c; dirties, regular
: packed, No. 1, 26? 28c; No. 2 and poorer,
j lS?25c; checks, fair to choice, dry, 22?
?24c; refrigerator eggs. special marks,
?fancy. 37@3Sc; firsts, 36?36%c; seconds.
|31@34c; white eggs. 40@44c; state, Penn?
sylvania and nearby Western, hennery
whites, extras. 55? 58c; extra firsts, 51?
54c; fusts, 47? 50c; gathered whiten, firsts
to extra firsts. 47? 54c; under grades. 38?
16c; Pacific Coast, white, extras, 55? 58c;
extra firsts, 51@54c; firsts, 47@E0c; under
grades, 40?46c; other Western and South
i ern, gathered whites, 34@47c; state, Penn
? sylvanla and nearby Western hennery
browns, extra, 4G@48c; gathered brown and
mixed colors, graded extras, 42? 45c; firsts
to extra firsts, 36? 41c.
Livestock, Meats, Provisions
Yesterday. Year ago.
Live beef, fair to
prime, 100 lbs. $8.00@10.0O |13.25?1&25
D r e h s e ?1 beef,
sides, lb.12? .19 .IT? .25
Live veals, com?
mon to prime,
100 lbs. 6.50?11.BO 14.00920.00
Dressed veal,
city, lb.11? .20 .209 -82
Live ewes, 100
lbs. 3.00? 5.0? 6.00? 8.50
Dressed mutton,
city, lb.07? .12 .10? .18
I Live lambs, fair
to prime, 100
lbs. 9.00?12.50 11.00@13.50
i Dressed lambs,
city, lb.16? .20 .18? .31
Hogs, 100 lbs... 11.80012.50 16.50?18.00
I D r o s s e d hogs,
bacon, lb.17 IG? .18 .23?i?.24t<?
; Pork, bbl. 24.50?J?25.00 33.00?34.00
; Mess beef, bbl... 12.00?14.0O 1S.OO?19.00
! Lard, Middle
West 100 lbs... 11.2B@11.35 18.90? 19.00
-?
Utah Power Earnings
Combined statement of Utah Power
i and Light Company the Western Colo?
rado Power Company and Utah Light
I and Traction Company for the year
| ended December 31, shows a surplus
i after charges, taxes ?nd depreciation
i of $974,489, compared with $1,012,152
| in the previous year. Net earnings,
I ?ftcr taxes, amounted to $4,086,694,
1 against $3,771,039.
Wheat Depressed
On Free Selling;
Lack of Exports;
Slowness of Demand Re?
sponsible for Weakness
in Grain ; Increased Re- :
ceipts Turn Corn Lower i
CHICAGO, Aug. 10.-?Heavy profit- ?
taking sales more than wiped out in j
the wheat market to-day advances i
due to the government crop report.
Prices closed weak, IV?c to 2V4c net!
lcwer. with September $1.21s* to $1.22
and December $1.24?? to $1.25. Corn!
lost l%c to 2c and oats *V'?a4c to;
Ti8(<7lc, and provisions 6c to 80c.
Although the wheat market opened with |
general buying and a material upturn in ;
prices, the fact soon bocamo evident that ',
speculation had fully discounted whatever j
was bullish In the official crop estimates'
from Washington beforehand. Much of
the selling on the advance came from a !
big elevator concern. The volnmn of of- !
ferlngs from this source and from other j
houses that co-op"rated proved far too ?
grout for the buying power in the market j
and caused values to move down gra?ld |
during almost the whole session, despite |
export purchasing here of about 600."OO |
busheis and notwithstanding that 20.000 .
barrels of flout- had been taken at the sea- i
board, partly for Russian relief. Some in- j
terest was shown in a British estimate ?
putting tho world's probable Import needs
at 632,000.000 bushels, as against an estl- j
matod exportable surplus of C64.000.000 j
bushels.
Enlarged country offerings weakened
corn. Oats fell in sympathy.
Sharp breaks in the price of hogs pulled
down provisions.
Grain Prices
Wheat
Yesterday's Previous Tear
New York: close. close. ago.
No. 2 hard.$1.36 ?1.38V? -
Chicago?Tho rango of prices:
Tuesday's
Open. High. Low. Close, close.
Sept. 1.25% 1.26% 1.21 H 1.22 1.23?;
Dec. 1.28% 1.29 1.24% 1.24% 1.27
Corn
Yesterday's Previous Year
New York: close. close. ago.
No. 2 yellow-?0.80 ?0.81V* ?1.74'i
Chicago:
September... .?6% .57% 1.47%
December... .65% .57% 1.24%
Oats
Yesterday's Previous Year
Now York: close. close. ago.
No. 3 white_?0.46V4 ?0.48 $1.00
September .36% .37% .72%
December.3D Vi .40% .70%
Rye
Yesterday's Previous Year
New York: close. close. ago.
No. 2 West, i.o.b.?1.22% ?1.23%
Flour and Meal
? Yesterday's Previous Year
New York: close. close. ago.
Sp'g pat.?8.00?9.00 $8.00?9.00 $12.75@13.75
<"rnml.l.92H@2.05 1.92%?2.05 3.90?? 4.00
Ryo _ 7.25@7.40 7.26@7.65 10.50?11.00
Bran.. 24.00 24.00 50.00
?
Jewelry Sales Favorable
A small but steady flow of orders
are coming into the retail jewelry es?
tablishments in the Maiden Lane dis?
trict. While there are a few retailcs i
who continue to lament at the poor
showing of sales so far this year when
compared with the three preceding
years, the majority are of the opinion i
that sales compare favorably with nor- |
, mal or pre-war year?.
Markets in Other Cities
Baltimore
Sale*.
100 Pen Ter Pu pf
2 Con Power. . . . KM
40 Con ('onl. 84
(14 Morden pfd.. . . Il %
30 Houston Oll pf 7"
tin Merchants Hk. is
10 N- Amstm Cas. 93%
10 Wh. Lui & A pf 27%
Bonds
$1000 Con Coal 58... 77%
,'.000 City of Bal
lOfio uni Ry 7'M
moo Uni Ry, Inc
Open. High. Low.
8%
S4
?%
IR
93 M
77%
00 00 98 Vi
102 102 102
42% 42% 42%
Boston Curb
Bid
Ariz Extn... 1
Ariz Silver. .10
Ariz Tip Top ::
Blk Hawk. . 6
Dos & Mon 67
Chief Con... 2f,,
Calaveras . . 75c
Crystal new.37
Denbigh .... 7
Eagle B B.. 2
Eureka Cro.,26
Fortuna .. .?
Gadsdeti . . .40
Moma Oil... 3
Iron Cap. S V?
3D
S
2%
28
60
Iron Bloss... 1 4
La Rose
.16
In Jestic.... 6
Mex Metals..?
Mldw Moss.?
Mutual D ...28
Monareh ...?
Nati T, * Z..?
Nixon.3
Rainier .... 2
Svn Metals.. 6
Silver Reef.. 3
V.n Ver Ext.22
Yukon ... 1
40 Boston Ele
IL'
34
On
Railroads
0." %
82
Bust
C J
Am
Am
do
R- Maine. If)
S Iifd .... 70
N II ?M1. 1 G
Pneu. ;i %
I'f . 12%
HuRar. . . . 65 H
I'f . 88%
Am Tel.105%
Am Wool. 68 %
do pf . 97
All Gulf. 21%
Atlss Tack. . .. 14%
Esstern Mfg. . 13%
Eastern S S . . . 20
Edison .If, 8
O'tl Eler.. 117
Gorton . 5%
K.fM
6 S %
97
21%
14%
13%
168
SS
10 5
ti S %
97
11%
M'a
13%
20
158
5%
168
115
60 Gray . H 11 10% 10%
10 Greenfield _ 22% 22% 22% 22%
6 Intl Cotton M.. 37 37 27 37
10O Island Oil. 2% 2% 2% 2%
10 Llbbv . 9 9 9 9
6 Lo?'ws . 15% 15% 15% 16%
140 Maus Gas. 72 72 71 71
39 do pf . 61 H 61 'i ?Il 61%
6 McElw 1st pf.. 76 76 7>i 76
4 0 Mergenthaier. .118% 119 118% 119
F.O Matheson . 11% 11% 11% 11%
11 Miss RiV P pf. 65'i 66>.? 66% 65%
320 Mex Inv. 22 22 20% 20 ?4
ISO Nat Leather... 7% 7% 7% 7%
20 New Eng Tel.. 103 10:! 102% 102%
28 Pac Mills.160 160 160 160
37 Swift . 97 97 96 % 97 I
130 United Drug.. 63% 54 53% 64
6 do 1st pf. . .. 3D 39 39 39
115 United Fruit..104 104 103 103%
195 I'nlted Shoe... 35% 36% 35 35%
6 do pf . 23% 23% 23% -:;:
680 Ventura . 17% 17% 17 17%
60 Waldorf . 19% 20 19% 20
60\\"Bltham . s'4 8% 8% 8%
6 do pf . 45 46 45 4<i
100 Warren Bros.. 15 15 15 15
Bonds
?17000 A G W Es.... 49 49 48% 49
4000 Miss Rlv P 5s. 78 78 78 78 I
1000 New Eng T 6s. 34% 84% 84% 84%
Boston
Mining
20 Ahmeek . 47 47 47 47
10 Alione;-. . 10 1!? 10 111
10 Anaconda .... ?0% 35% 35% 35%
32 Bnrnsdall *.*. . . 15% 17 10% 17
10 Butto Super... 12 % 12% 12 % '2"-;
30 Cal Ariz. 40% 40% -It", *. 40%
1130 ("arson . 12% 12% 12% 12%
6 Copper Range. 30% 30% ?10% 30%
IK) Davis Daly.. . . 6% 6% 0% 0%
M?) Franklin . 1 % 1% 1% 1 %
35 Island Creole. 05% 05% 63 Or,
20 Isle Royale. . . . IS is is is
225 Mayflower O (.' 3 :" 2% 2%
63 Mohawk . 4S 43 47 17
20 New Cornelia.. 13?; 13% 13% 13%
e'u Nlpisslng . 4% 4% 4% 4 %
SO Osceola . 21% 22 21 22
35 Pond Creek... 14% 14% 14% 14%
150 Sup Copper... 2% 2% 2% 2%
25 Sup St Boston. 1% 1% 1% 1%
1 100 Tviohimne .... 40 45 40 40
50 U S Smelters. 29 29 29 20
150 do pfd. 37 Vi 88 37% 3S
Chicago
112 Armour Leath. 12% 12% 12% 12%
320 Case Plow _ 4% 4% 4% * %
50 Cudahy . 55 55 55 55
riOOCont Motors .. 5% 5% 5% 5%
50 Lia Match ..98 98 98 98
50 Hartman . 70 70 70 70
25 I.lbby . 9 9 9 9
1450 Mitchell Motora 5 5 5 5
ISOMontgy Ward. 17% 17% 17% 1<%
450 Nat Leather.. 7% R 7% 7%
225 Orpheum . 20 20 19. 19
90 Pick & Co. . . . 23 23 23 23
3S0Plg-gly WlRirly. 13% 13% 12% 12%
5 0 Pub Svc pf... 80% 80% 80% 80%
45 Quak Oats pf. 83 83 83 83
35 Reo Motors .. 1S% 18% 18", 18%
50 Scars Koebuck. 65% 65% 65% 65%
66 Shaw ., 4;;"4 4 1% 43% 44%
180 Stew Warner.. 24% 24% 24% 24%
115 Swift ii- Co... 97 97 9'M.a 96%
620 Swift Intl ... 24% 24% 24 24
75 Stand Mas pf. 33% 33% 33% 33%
40 Thompson .... 40 40 40 40
60 Temtor A ... 6% 6% 6% 6%
1900 Union Carbide. 45 45 44% >4%
65 Uni Paperboard 16 15 16 15
150 Wahl . 40% 40% 40% 40%
85Wrlgley . 73% 73% 73% 73%
Bonds
$1000 Chi Rvs 1st 5s. 64% 64% 64% 64%
1600 Dta Match 7%a.l04 104 104 104
Detroit
50 Am Lt & Trac 92 92 92 92
200 Charcoal . 1 J 1 1
675 Contl Motors.. 5% 5% 5% 5%
'M, ?'or Edison ... 91% 91% 91 91
50 Ford Of Can.. 245 245 24:1 242
225 Lincoln Motors 15% Lr>% 16 1?
400 Packard . 6<;s 6% 6% 6%
Mr> do pf . 63 62% 62 62%
100 Reo . 18% 18% 18% 18%
Philadelphia
50 Amer Gaa .. 35 35 35 35
30 Amer Stores. . . 67% 67% 67% 67%
125 Elec Sior Bat.106 106 104% 104%
35 Ins Co of N A 29 2.) 29 29
14 ii Lake Superior. 7 Vi 7 Vi 7% 7%
3 Penna Salt. ... 67 67 67 67
110 Phlla Co cum pf 82 32 31% 32
101
226
18
230
135
35
$3000
1000
1000
7400
Phila Klee . . . 22%
do pf . ... 26%
Phila Rap Tr. 16%
Phlla Trac. ... 54
Tono Belmont. 1%
Union Trac. ... 30%
United Co N J.168
United Gas Imp 33%
W Jersey & S S 30
WestmTd Coal 60%
Bonds
A Gas 4t Elec 5s 74 74
Atl Refg 6%s.l01% 101%
Inter Rys 4h. . 30 30
Phil Elec 1st 6s 87 88%
Pittsburgh
26%
1 6 %
54
1%
30%
68
33%
3 0
26%
16 Va
63
1%
30
1 !'? i
26%
I 6 %
63
1%
30
168
33%
30
60 V? 60% 60%
74 74
101 % 101%
30 30
87 68%
2290
120
100
20
303
20
60
60%
Ark Nat Gas. .
A Win Gl Ma.
do pf .
Parnsdall "B". IS
Guffey Gilles.. 11
I nil Urew pf. . 7
Lone Star Gas 19
Mfrs Lt & lit. 46%
N'at Fircpr'f'g" 6%
Ohio Fuel Sup 43
Ohio Fuel Oil. 13
Okla Gas. 23
Pitts PI Class. 11 7
West Airbrake S7%
Montreal
9%
66%
46%
6%
46%
6%
4 3
9
65
18
It
7
19
46%
6%
4 3
13
23
87%
Ab P * P. 20
Atl SUK Rf 24%
Bell Tel. .104
Brinp Pap. 19
Cn M & S. 15
I'?,m Brdg 67%
Dom S Cp 27 %
Bid
Adanac . . . .?
Apex.-?
Allas.35
Bailey.?
Chmbrs Frl. 2
Cnniagas ... 1%
Crown Rsv. . 6
Dome Lake. 5
Grt N'rthn . .?
Gold Reef .. 1
Ilarsraves..?
Hollinger .. 6%
Lake Shore. 1
30 % Lrntd Ltd. 69
25 MLH&PC. 81 %
? .N'atl Brew 61%
20 QRLH &? P 25
15 % SpnRvr pf 61 Vi
63 Tomt'O By 70
27% ' Waygmck. 32%
Toronto
As"k
3
3
6
1%
10
9
8
f. u.
1%
Bid
Mclntyre . . 1 '?;
Mng Crp Cn Vi
N( wray .... 2
Ptrsn Lake.. 4
Pore Crown. 10
Pore Tsdl. . .?
Pore Imprl..?
Pis E Dome 1
Tck Hghs...lO
Tmslunng... 15
Thmp Krst.. 8
'Vacuum Gas 3
West Dome- 5
60%
82
til %
71
32%
As';
1%
1%
6
35
Miscellaneous Markets
Public Utility Securities
An
A l*
A P * L
do pf. .
1. Tr
pf... 7
? El. if
pf... .'!
K: L... i
do ?f. . . e
Am P Utl
do pf. . . 1
Am W Wie
do 1st pf i
do pr pf.
CarPR&L. :
I '??it St El
do pf. . . '
Cities Svc.ll
do pf.
do 1) ?
9 0
As'.;? Bid
C P R ? L. 10
?io pr... :"i
Fin ,?:? S pf 79
E M Kl |,f CO
EG ,<?? n* Co S 7
do?'.", c il 76
8% pf.
1 I
KO
DO
?n nt 87
46
lis
Fed L
? do pf
No St P
do pf
Ile pit .t
; ?l,i pf
Se
& T
98
17
94
102
14%
1 3 %
77? d s C
7rn d ? n
do i.r B
('O? l'-V..
do pf.. .
A G A E 6s
A P A I. Cs
Applu I' 6s
73
4
6%
70
?I E
1 do pf.
st a & ei s il
45%! do pf. . . 32% 34
13% T R I. A V 1 2
100 I do pf.. 4 6
xo Un 1- A n 20 23
77 r|? 1st pf 69 6 1
5 West l'wr. 2 5 2f
7%. do nw pf 70 7 2
75
Bonds
78%|M St P Cs. K6?4 88 %
72 U I. A R 6s 70 73
72 UtahSec 6s h ?S '-_ 87%
76 Wls Ed 6?.
82%
Trust and Surety Companies
Alllance
f American .. ?
Am Surely... C2
Bankers .... 295
Bond A Mtg.195
Bklyn T Co..425
Cent Union...330
Columbia . . .275
Commercial.. ?
Empire T...300
Equitable T.2;',5
Frmrs L A T.345
Fidelity
?,Munurctrs
? Mercantile .
67,Me!rpltn ..
300 .Mir Bond. .
205 Mut T \V.. .
450 Nal Surety.
SI0
245
75
105
170
140
V I, . ?.
1 2 5
180
;o 6i
lion
Guaranty ..
Hudson . . .
Kings .
Lawyer? T.
Law Mtg ..
Lincoln Tr.
.200
! 218
. 160
.660
. 106
.115
. 15S
2.15 N V Trust . . .396 302
136 IN V Title... 112 116
? Peoples . . . .270 280
262'Realty Asso.. 90 100
356 TlUe Ollar.. .295 305
21? l'ntd Hiatos..835 ?
250 i: S M * T. .260 270
225 U S' T il. 75 10
? Wstchstr ....110 ?
? W & H A- M . 150 160
114 tSee N Y Title.
120 ?Includes AT stk.
1861
Miscellnneotis Stocka
?Am Ltd.. 12%
do pr... 3.1
Am Mf pf 70
A M A- F .16 0
Am Td pf 3%
Am Typ F 40
A I > T N .1 3 :?
Atlas P ?'. 38
il M fi- Spl 78
dO 2.1 pf 66
Borden's. . ??0
Bush T pf 65
Cellulo?d. . 101
Chi Co.,. . ?7
do pf,.. 96
?City Invt 66
Crk VV pf. ?r,
?r.s dividend.
3 V?
92%
75
101
11 ? 1, .?;? ' V . 7 5
[Draper C..124
Int SU pf. 83
Mina L pf 86
Nntl Cskt. 95
N'EngFu (i 16
N ?'!? st pf 96
P .<*.- W pf. S0
I'tielps n.145
llv Bkg P. 70
do pf. . . 74
?se H L. ,69
[Singer.... 92
StLRM&P 38
Stoll B pf "4
W AB.., 90
l Vnle A T..2J0
16
Car 8tig...
Cent Hug
do pf. .
C A g u lire
Kl id o n?YV r, 2
Ort West . 1.10
do pf. . . 9?
67
Snprnr Stock?
20 i Ml Am...
,i 2 , Mo pf.
1 National .
NI NI,m?.
Savannu h
, do pf
140
103
114
150
15
36
160
7 6
77
61
95
40
1"7
200
?Et dividend.
Chemical Stocka
Am C:
IB
20 [Orazelll
?lo pf. . . 26
faseln Co. 30
Dow Ch.. . ?
Du Pont., 8
?Ei dividend.
hy solvay 26
i do pf... p.
Merrlmac. 7(
?Mero C pf 75
iMulfd Co.. 4t
70
99
8.1
A m
City
Alineo. .250
of N Y.160
n wit Ii ..300
Fid A l'hue.. (75
Franklin ... 70
Globe A R.. 1200
Insurance Companiea
Hid Asked.
80-Grt Amer .. .230
170 Hanover . .. 85
325 Home.340
485 Nati Llborty.170
80 Niagara.120
?'Stuyvesant... 50
350
ISO
130
Steel nnd Ordnance Stocka
Am Brass. H 6
Atlas Pw.,112
?Bah A V, 104
Curb Steel 15
do 1st pf 50
do 2d pf 25
Colt A_ 28
Du Pont . . 109
?do pf,. 67'
East Steel.
?Ex dlvid
/En
306
20
3 3
113
15
end.
35
a & i -
do pf. ..
?Here Pw.132
do pf... 80
Niles II P. 60
do pf. . . so
Scov Mfg.280
Thorn Iron ?
WlnCornw 15
Woodw.... 40
III
Anglo Am. 15
All Rfng.900
do pf. . . 106
Home Ser.340
Bu'-k P L. 81
Chea Ml'g.160
do pf. . . 95
Con'.I Oil.106
Cres P L.. 2*
Cum P L..115
Eure P L. 75
(.1 S O pf n 8 7
do pr old 90
do com.. 33
III P L... .150
lud P L.. 75
Int P CoLt 10%
Nati Trns. 22%
N Y Tran 140
Nrth P L. *7
( '111?) "il- .250
Peiin-M F. 10
Standard Oil Companies
Asked? Bid Asked
16%|P O A O. .420 430
Pral P L..185 I'.O
Solar Rfg.335 350
So Pipe L. 78 SO
95 0
108
3 no
83
180
110
120
79
90
154
S Pa P L.
So Pa Oil.
'S o Cal.
?S O Ind.
S ( > Kan
S O Ky..M?8
s i? Neb..
?S O N J
do pf. .
,S() N Y.
S O Ohio
79 i do pf. .
10% Swan A F 50
23% Un Tk Car 90
145 do pf.. . V2
90 Vacuu 011.260
255 ?Wshg Oil. 25
22 I ?Par $25.
New York Bank Stocks
660
395
150 160
13 5 139
106% 107!
3 11) 214
3 70 3.S0
107 110
America
Atlantic .
Am Bxch.
Battery .
Bowery .
.167
.210
.230
. IIS
.425
. 125
.165
..150
Bway Cent
Bryan! Pk
Bronx Nat
Butch A Dr.130
Cent Merci.. 190
Chuso.2D0
(hat A Phe..245
Chelsea Ex . 75
Chemical . . .4 35
City.309
Coal A. Iron..220
Columbia ... 1 55
Colonial ....350
i loinrnerce ..212
Cmwlth .215
Contni I . ... 120
i 'urn Exch ... 306
Comptn .... so
East River. .170
First Nail . . 8 t 5
5th Avenue. .900
|tll NattOlll.lSO
.215
. 190
. 187
.28 3
. 320
175|Garfleld
22') Gotham
240 Greenwich . .235
15 5 l! anovor . ... 775
450 Harrlman .. .245
1 0 Imp ,v Trd, .490
1 75 Indus? rial . . I 55
180 Irving Nat . . 175
11? Mnhttn c,
200 Meh A Me
300 Metropltn
255 Mutual.)10
ion Nntl Am.15?>
440 Surr Nthr_140
312 N v County. 135
230 N Y N B A. . 400
165 Pacific..loo
Park.160
215 Public.238
Seaboard . . . 336
? Second.150
- State.2IS
loo 23d \\ ard . . . 200
Untd Stales.. 1 60
8<HM'nion ICx ... 188
?jWi'lig Hta....235
lioli'orkvlll? .. .42$
3 6 '
6 10
1 10
19 ;
Miscellaneous Oil Companies
Bid. Asked.1 Bid. Asked
At! T.nhos. 12 13 Mldw Rfg.135 145
do pf... r.o 60 Mtn Prod. 7% 8
Br Am O. 24 26 Nrthw O. .20 .25
Cos A Co. 6 6 Prd & RCp 3% 3%
Elk Bsn P 5% G tS Ck Pr.. 10% 10%
Imp-Oil... 8;, 38 Sapui Ufe 3 3%
Mar-n Pet.125 130 WSOAL.. .30 35
Merr Oil.. 7% 7%l (Pur $10.
"tobacco Stocks
G W Hei..i53 n;:; IP R T T.. 63 65
do pf . . . 90 93 1'nlv Leaf.140
.T S Young so '.?o Weym P.. 155 163
do pf. . . 88 93 I do pf. . . 90 93
Mc.V A F. 86 '.'0 '
New York City Bonds
Form. Rate, Maturity. Bid. Ask. Tleld.
Inter 4%S, 1967. 90% 91% 4.97
do 4?.,s, 1965. 90% 91% 4.98
clo 4'.?s, 196!. 90% 91 ?a 4.99
do 4%s, 1957. 90% 91 '^ 5 00
?I?, P,s, 1966. 85 ?a 86% 6.01
do 4%s, 1964. 85% 86% 5.02
do 4'4s, 19 6 2. 85% 86% 5.03
do 4',s, I9C0. 86% 86% 5.04
<io 4 %s. 19G0, OP, 1930 86% 86% 5.04
do 4s, 1959. 81 % 82 6.07
do 4s, !9.'-S. 8! % 82 6.OS
do 4s, I 0r,7. 81'i 82 6.09
Reg. 4s. 1955-1956. 80% 88% 6.16
do 4s. 1936. 8-', 88 6.13
Int.-?? 3%s, 1954. 72% 74 5.12
Coup :;?js, 1954. 72% 7? 6.12
Reg 3%S, ! 950-1954 Inr.. 72% 74 5.12
do 3%s, 1040-1950 Inc.. .r,.3?> .",.10
do 3%s, 1921-1830 Inc.. 6.00 6.30
Reg and Coup (?-?'ri.ii)
4%s, 1321-1932 Inc. 6.00 6 30 -
do 4%s. 1921-1331 Inc.. 6.00 6.30 -
New York State Bonds
Tssued in coupon and registered form,
not Interchangeable. Coupon bonds regis
terabie.
Form.Rate. Maturity. Bid. Ask
Canal ami Highway 5s, 1922-'30. 5.00 -
do 193A-1940 . 6.00 -
do 1944-1960 . 6.00 4.7C
Did. Ask. Yield
Canal Imp 4??s. 1964. 96 !??( J ,; i
Highway Imp 4%s, 1963., '.??; 98 4.61
Canal Imp 4 ?, :?. 1965.... 90 94 4.5??
Highway Imp 4 %s, l 965 . 90 P I A 5f
Bu rgo ? 'an I'er 4 %s, i 945. 90 '.' I 4.?;,
Highway Imp 4s. 1967.... 86 8S 4.6?
? 'iin.il I mp 4s, 1967 .B6 88 4.61
High Imp -Is. 1960-62 Inc BG SS 4..,-.
do ?'.???1. 80 83 4.6!
?'anal Imp 4s, 1960-62 Inc *.?', 8s 4.6:
Palisades I S Pk 4m, i 961 86 ss 4 6",
Barge Can Ter 4s, 1942-46 88
Federal and Joint Stock Lnnd Banl
Bonds
Bid. Ask. Tleld
Federal Farm Loan 6s,
1941, op. 1931. 99% 100% 4.91
Federal Farm Loan 5s.
1938, op 1923. 99% 100 6.0?
Federal Farm Loan 4%s,
19.19. op, 1924. 92% 33% 5.0
Federal Farm Loan 4%s,
19.18, op. 1923. 92% 93% 6.0
Fedei ?1 Farm Loan {(u,
1937, op. 1922. 92% 93% 6.0
Joint si,,,Mi i..ni.! P..ink
r,s, 1939 op. ir,.'4. no?i 92% 5.6
John Stock Lnnd Hank
6?. 1931, op. 1923. 50% 92% ?.?
! United States Treasnry Notes and Cer?
tificates of Indebtedness
Month. Year. Bid. Ask. Yield.
?September .. 1921 100 100,^ 450
?September_ 1021 loo.v, 100*\ 4.10
October .?1221 lOO,?, 100? 4.40
October . 1921 3 00% 100% 4 55
?December_ 1121 100% 100% 4.60
February. 1922 100% 100% 5.00
?March . 1923 100 100% 6.02
?March . 1922 lOO-A, 300^, 6 ('2
?June . 3922 100% 300% 6.18
August . 1922 100 ,V 300% 5.23
?June . 19 2 4 100'-, 100% 54 5
?Acceptable In payment of Federal taxes
on the dates of maturity.
Short Term Securities
Bid.
97%
90%
9 8%
97%
96%
Security. Rate. Due.
Alum of Am 7s. 1925. .
Am Cotton Oil 6s, 19 'A
Am Tel & Tel 6s. 1922
do 1924 .
Am Thread 6s. 3 928. . .
Am Tobacco 7s, 1922.100%
do 1923 .100%
Anaconda Cop 6s, 1929... 88%
do 7s 1929. 98%
Ang-Am Oil Ltd 7%s, '25.100
Bell Tell of Can 7s, '25.
B? thlehem Steel 7a, 1922
do 7m, 1929 .
Can Pacific Cs. 1524.
Cent Arg Ry 6s, 1927. . .
Chi ); I & Pac 6s, 1922.
Consol Gas of N Y ?
Co;.i'ir Ex Asan Es, 1922.
do 1923 .
do 1924 .
(io 1925 .
Cudahy Pai .< 7s. i 923 . . .
Federal Sugar Ref 6m, '2 i
Goodrlc? 1 ; F conv 7s, '26
Gulf Oil 'is. 1923.
Hocking Val R R 6m, '24
Humble O & R 7m. 1933. .
Int R T con-.' 7s. 1921 .. .
Kan City T Ry 6s, 1923 .
Lac G I, 1st & ref 7: . '29
Liggett & M ?s. 1921 ....
?Phllad? M hla ? v. 1922. ..
Proc .? <; imble is. 1922 . .
.... 1923 .
Pub Serv N ,1 conv 7s. '22,
im s n ?Ids It .1 6s, 1922. . . .
S< ara Roebuck 7s, 1921. .
do 1922 .
do 1933 .
Sin lair Cons ? hi 7 '-..s. mm,
Ask. Yield.
98 7.60
91 % '? 35
9?%
97 V
97%
100%
16 ;%
V ? M
100%
96 '..7%
99% 100%
!' 3 -, 9 3 %
97% 97%
82% 83%
7.02
6.45
6 05
6.55
- 06
>? ; :
7 50
7. S 5
(?.8:
8.12
6 85
9.95
9S"
.100
100?
. : oo '
.101
. 98'
. S 5:
99% -
' ? , 6.99
101% 5.55
101 7.39
1 o l % 7.45
? 7.20
9 % 7.28
7 30
91% 9.97
MM-,
9 7 %
90%
,l(n
: io%
. o%
99'?
"-%
78
i>8 :3
HI %
I
.
100 M
1"! %
?7
-
ll)(l%
08 %
97 ;
f 10
? . -
.: v..
g 60
,. ..
. - ?
?
6,95
7 94
8 is
192
Solvay
Southern Ry l Mumm . .
S'wi it Bell T 7s, 1926.
SI P l:\ De guar 6%s,
Swift 6a, 1921.
?I" 7s. 1925.
91 ii
:
96%
99%
91% ?o.oe
The Texas 7s. 1923.
1'toh Sec 'is.
u istcrn Elec
19 2'.
'.. I -
9 7
9 7 ? h
97%
r o
97 %
'"??"h : o .,
. 90%
i.100% 100%
I.onpr Term Securities
1930.
I 931 .
1?"
.,. )f>1',j
41.102
...
. . . 103 '??
.. . 101??
. ..101
...101
.101
'.'7%
1?". %
. I
I
102',
104
105
101 %
10! %
l"l\
s l 5
10.92
V BO
?
6.93
6 7 2
7.54
?
,. GO
Armour
At Ref 6%i
Gulf Oil 7s.
Kennt*? ol t ? 'op
N Y Cent coll tr 7- '
N'w M II T Mi mi;,- 7s.
Penna R H coll tr ? ??,?.
Stand OH ? Ml 7>i. '31
do N Y 7s. 19?5-'S1 .
U S Rubbi-r 7 %s. 1920
Vacuum Oil 7?. 193K
Westing Elec 7?, 1931 .
?Bonds colled for payment on October 1,
1921, at 100%.
? ?.
6.83
6.84
???i???m^mmmmmmmmmmmwmmmmm.mm
Changes Are Small
In Dull Trading
On Curb Market
Some of the Prominent Oila
Advance Slightly Only to
Drop Back When Support
Fails; Bonds Are Quiet
Little took place in yesterday's trad?
ing on the curb market to relieve th?
dullness which has prevailed for sev^
eral days. Cities Service common anc
some of the other oils were in demand
for a time, but sagged later when sup.
port failed.
Changes were small throughout thi
list, Cities Service securities. Mara
caibo and International Petrgleum be
ing unchanged. Standard Oil, uf In
diana lost ?i at 69V-?. Carib Syndicate
which has been hovering around V\
for weeiis, dropped to 4.
Industrials and bonds were r>oq-'e?*t
ed. Glen Aiden Coal and United Rotai
Candy were net unchanged on th
final sales.
Industrials
Sales. Open. High Low. Lssl
200 Aem? Coal Po. .96 1 .96 1
200 Acm? Packing. 1% 1 % 1% jt
300 Par Lf A- Pwr.. 1% 1'? 1% u
300 Cont Motors... ;'. % 5% 6% at
300 Durant Motors. 2S 2S 27 " 27*
200 Emp Food Pr.. 32% 33 32% 321
ISOOGleii Aid Coal. 34% 35 34% 341
lpoo ?Perfec T fi- R. 93 '.'3 89 ' gi
S00 Philip Morris.. 2% 3% 3% 31
400 Radio Corp... 1% 1% 1% ??
100 Sweets Po Am.. 2% 2% 2*4 ?1
4600 Knit Profit Sh.. 1% 1A \\ ?
600 i: Ret SI Pan?!. 5% 6% 5% g
R000 *U S Ship Oorp 21 21 IS lg
3100 ?U S Steamship 36 35 34 84
100 ?Willys Corp. . 50 60 60 10
Oils
1200 Anglo-Am Oil. 15% 15% 16% 15
400 Ark Xat Pas.. 9 9 h % g
1100 ?Hoon? Oil ... 18 IS H 18
3900 ?Bost-Wyo . .. 6S 63 66 6?
2400 Parib Synd ... 4% 4% 3% 4
CO Cities Service.117 117 i!? ng
700 do B T sh.. 13% Li % 13 1?
2100 Elk Basin P.. ''? 6 6% g
500 ?Ensincori P.. 4<* 40 40 4"
1600 F-deral Oil .. 1% 1% 1 1
300 Gilliland Oil... 1 % 1 % 1 % 1
9200 ?Glenrock Oil. 7?4 R1 73 Tl
5100 ?Hudson Oil.. .17 17 15 1!
1300 Internat Petr. 1?% 10% 1">H 1'
J700 Maracaibo Oil. 13% 19% 19% l)
8300 ?Mexico Oil .. 70 7 J 67 ?*,
4200 ?Noble O & (i 18 ?4 17 11
3500 Omar O & G. 1H 1% 1% 1
600 Prod & Ref... 3% 5% 3% !
lOOSapulpa Ref C 3% 3% ?'% :
2000 ?.Sequovah O.. 10 1" 10 Ji
ZIOOSimms Pet ... 6% ?'? % 6% ?
1400Skelly Oil .... 3 : i 3% 3%
1200 Stan O of Ind. 69% 69% 69% 6
10300 ?Texon O & I. 53 61 61 6
Mining
8000 ?Alasba-Br C M 35 S3 S3 I
10?10*Big Ledge.... 24 24 24 2
33200 ?Dost fiz Mont. 68 63 66 6
2700 ?Candelaria Sil 30 31 39 s
3600 ?Corte-? Silver. . 79 .- ' 77 S
600 Cres Cons G M. 1<]? Mi 1H
3S00 ?Divide Bxten. 34 34 33 8
2500 ?El Salvador M 18 18 1S 1
52900 ?Eureka Croes. 40 40 36
6100 ?Goldneid Flor 42 4 2 40 4
1500 ?Gold Zone 1 Hv 12 12 12 1
12000 ?Harmill 1 > M . ! i 11 10 ;
5100 ?Knox Divide. . 12 12
5000 ?MacNam Mln. 18 1H
6700 ?Nat Tin & T.. 60 63 - i
600 ?Nevada Ophir 28
500 Nipissing Min- s 4 % ? d ! %
1100 ?Ray Here ? !op 28 2s 25
6800 ?Silv M of Am. 1% I ,T? 1%
1200 ?Sian Silv L. . 12 13 12
4700 ?Tonopah Div. 84 84 ?I
2400 Knit Eastern M 2% 2-?? .' ',
600 ?W Utah Ce;). 21 24 24
Bonds
Sales (000 omitted). Open. TTiph. Low. T.Mt.
20 Allied Pack 6s.. i I % 4-i^ -it'., 44%
30 A T & T 6s 3922 98% 98% 98 m 98H
28 do 6s 19^4.... 97% 97% 57 . 97%
1 Anaconda C 6s.. 88% 88% 8?
8 do 7s . 93 Mi 93% ' , \
3 Ang-Am O 7%
7 Armour A Co 7s 97% 97% 97% 97%
3 Belli St 7m 1935. 94% 95 94% '?3
18 Chi Un St 6%s.l03% 103% 10 M lo?,tj
34 ('uns- Mas Co S 3. .100 M ! 00 M 100
2 Cons T' xtilo 7m.. 101 m '1 % 101 V,
4 Galena Slg O 73. 93% 93?? 93% 9 \
18 Gd Trunk 6%s.. 97% 97% 97%
38 Gulf Oil Co 7m. . 97% 97'
30 Humble Oil 7s.. 97% 97% 97% 97%
44 Int lMip Tran 7s 78% 78% 77 -j 77%
3 Lib McN A L 7s. 95% 95% 9 % 95%
3 Sears R 7m'23 3v 97% 97% 97 17 "?,
20 So West Tel 7s. '?7', 97% 97 97
10 S O N Y 6%s'33 100' i 100% 100% 100%
1 do 7s 192C....102% 102% : , 102%
19 Swift 7s 1925... 97% 97V* 97% '-7'*
155 T'-x Co 7s notes. 99% 100
3 Vacuum cil 7s..101%
11 Western Elec M 1%
?Sella cents per share.
Exports 144 Million >f ore
Than Imports in July
Both Continue to Inline;
Gold Shipped In Gains
$44,451,000
WASHINGTON, Am m 10 Exports
and imports continued thoir steady de?
cline during July, but the country's
trad?? for the month resulted in a fa?
vorable balance of $144,000.000, ac?
cording to a stat? pi n -nig! t
by tho Commerce Department.
Exports for the month aggregated
$322,000,000, as compar?
000,000 last month and $61
July, 1920. Imports for July totaled
$178.000,000, against $185,000,000 la?'
month and $537,000,000 in July a yet"
ago.
For the seven months ended with July
exports amounted to $2,856,000,000, ai
apainp'. $4,897,000,000 during the same
mm'nth-., l ?? t v?mm\ while imporl
gregated $1,496,000,000, as 'compared
?. m '. $3, - ' ?? lui ?ng th? corre?
spond'''.:: period of 1! 20,
Imports of gold for Julv totaled $64.
268.000, as against $19,817,000 in th"
same month of 1920, whil?
pold amounted to ?m..7';-?.mom. as com?
pared with $21,872,000 in July las'
year. Silver imports for the mer.f''
aggregated $4,513,000, as compared
with $6,496 r^O in the san
last year, while exports were $5,112.
000, as against $5,494,000 in July, 1920.
Cotton Goo*?* Strong
Continued strength n tha
cotton goo?!s markets, ?althi
few exceptions buyers ai
to commit themselves to di
into the future. The gi
goods market has bei ?
and yesterda
inch print cloths were quoted at 7%
cents a yard for spot ? Some
in the trade feel that the of
buyers of gray goods to go
October in deliverie i, tog? ? ' ?
the tightening up of the n
will check the volume of I ?
fore long. On th?
are refusing to 1
goods at present pri? ?
the he!;cf that furtl r i - sr?
possible and profc
Chambrays and blea< '? : rood a?
being advanced slightly
in k< ? p ng with the 1
obtaining in the gray .
LIMITED ?PARTNERSHIP
N? T1PE IS HEREl?
HARRT S. GRAHAM '?' ?
267 Went ?9th Street. H.'
' m, Pity of New y?i J
MARKS, wl o ni
? , S* e w
? ? . ?
No 525 West End \
the Stal s ?
? o-partni rshlp ?*., !
under tl
GRAHAM
In th? i-:-.:... of bu;
'
?
i* York ? '''
New Yol a
sons ai ? ail ;!:?? |
ested therein, thai said 11 \K>0
S ? RAHAM and \R*'"lU*i* .1 MARKS a"
tho genei.,: pai tnei s all .'C full a
!!?? said S1GSBEE GRAHAM la the ?P*
rial pai fu i ?
SlfS'SBEK GRAHAM ? , ontrlbuted and
paid In ? ilu'C;
sand ($1 dollars us t*
... Thai the sat*
co-partnership i. ;,, commence a:\ the 1?'
day of July, 1921, an?! Is to terminate ?D
the 9th daj of April. 1924.
Dated Ac? York, July 1st, 1921.
liAKItY 8. ?1RAHAM,
ARTHUR J MARKS.
B.OSBEH ORAHAM.
Special Partntib

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New-York tribune. [volume], August 11, 1921, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924