New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 24, 1921, Image 11

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New-York tribune. [volume], December 24, 1921, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 24 Dec. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-12-24/ed-1/seq-11/>

Newspaper Page Text

inaconda Copper
Stock Offered to
Aid Brass Merger
__
225.125 Unis-sn-pd Shares To
Be Sold to Holder? in Ra-,
t?o of 1 to 10 Held to Raise
Fund* for New Projeet
* " "?
T_ erde? to raise additional caah in- ;
rtl-id in the transaction by ?which th* j
tjnconda CoppOT Mining Compnay pro
I Is*** t0 -l"<<u're t,?? business of the j
faZ_rte*n Bras? Company the former :
L% offer, through a syndicate. 223,125 '
-issued shares to its stockholders at |
?0 ? share in the ratio of one share .'
;?aewstork for each t?n shares held. '
?i*? subscription right? go to share- i
?older8 ??** recaxi Jano*?7 8 next.
?j?roada ' ?; offered $150 a share j
,??h and thro? shares of its stock for '
l^ei shar? of American Braas stock, i
-h? ronner e-iirnpany has an authorized j
'_bW et $ IV?.000.000. divided into'
'-fO?.OOO shares of $50 par. Of this
j^g7S0 ??hares are unused. Subscrip?
tions to :he new frock, -which has been ?
irifrwritrer at par, are to be made to
.'-<. National City Bank on or before i
tattcri
In a Utter to Anaconda shareholders ;
*ihn P. R**-**" - -airman of the board.
Vm thiat the underwriting syndicate:
??'?I recer-re the usual commission of 5 !
??'cent.
7he present ...arket quotation for
-*? stock of the Anaconda Company."
?M sods, "is below the par value. To i
?ake it possible to organize and com- !
riete ?he syndicat? under this condi
- is necessary that some of the j
r_ ?hould undertake a part of
.'?is syndics:e obligation. If the amount
.-* Brass shares which may be depos
;:'.d and acquired by Anaconda sha!!
?tquirs pajrmenl in cash in excess or'
tka iil.i??'.*.. - '?'ill be realized
?g the underwritten offer of stock to !
?ait-holderi :' the company the
TJaited Metals Selling Company will ?
mame ar. obligation to reimburse the ;
?-ndicsTe "' 7 such excess of cash so to '
be furnished by it- on or before Febru
?ry 1.192S, *???'-- interest, and the United '.
Metals Selling Company -trill receive
?from Anaconda ar. equivalent of such
aWigration in shares of the Brass Com?
pany acquired >y Anaconda, valued at
ISOO a shar-- or other securities of
e^aa! value.
A statement of the condition of the
American Brasa Company on Septem?
ber 30 las* snowed a total of $24,835,
I'tj in liquid assets. The plant value,
tron the basi.; of the offer which the !
Anaconda has. made, representa
$.:-5?,523.
a
Day's yew Issues
A syndicate headed by the First Na?
tional Bank ani including* th?? Anglo
sud London-Paris National Bank of
San Francisco; Kissel. Kinnicut &. Co.,
?dark, Dodge & Co.. Stacey & BraSn.
?l?redge & Co., Bemick, Hodges & Co..
F.edmond & Co., Kountze Brothers and
Salomon Bros. & Hutzler yesterday
received the award of $7,000,000 State
e? California twenty-four-and-a-half
vear average 5 per cent highway im?
provement bonds, sold at auction at
?j?cramento. The price paid was
109.129, equivalent to an average 4.39
per cent basis. The issue was imme?
diately offered to the publi# at 110.52.
equivalent to an average 4.30 per cent
basis.
Th? Guaranty Company yesterday of?
fered at 103 and accrued dividend
$0.000,000 United Cigar Stores Com?
pany of America 7 per cent preferred
stock (1*321 issue"'. At this price the,
yield figures at 6.80 per cent. The new
stock will rank pari passu with the,
outstanding 7 per cent preferred stock.
Proceeds are to provide additional
forking eanital. Th? stock met with a
ready demand.
The Board of Port Commissioners of ;
New Orleans has awarded to a syndi
esta composed of the Interstate Trust
and Banking Company, the Hiberaia
Securities Company, the Marine Bank
and Trust Company, the Whitney Cen?
tral National Bank and the Canal and
i'ornmercia? Savings Bank, all of that
<:*y, $3,500,000 thirty-six-and-a-half
*e_r average general improvement and
Jla?O.OOO twenty-seven-and-a-half-year
Bonuses Less Plentiful
In Financial District
Bank? and Investment Houses Which Have Enjoyed
Prosperity Recently Are Liberal, lint Brokers'
Clerks Get Only "Merrv Christmas" This Year
Wall Street's Christmas ia a mixed
affair this year. The seasonal spirit as
measured by dollars dir-trihuted to the
rank and file of employees who make
up the great bulk of the district's popu?
lation ii not running so high as during
the period of war prosperity or even
a year ago, when depression hsd taken
a grip upon tho business and souls of
the community.
Blasted hopes are chiefly the portion
of the employees of brokerage houses,
although as the weeks passed and no
active trading developed, their expecta?
tions had been modified. Some firms
are paying bonuses, but where a dis?
tribution has been made, it has gon
erally been below the amount allotted
to this purpose in 1920. Typical of the
reduction is the fixing of the bonus
to officers and employees of the New
York Stock Exchange at 4% per cent.
A year ago they received 10 pr-r cent
of their annual salaries.
Employees of banking institutions j
and houses and investment concerns
have fared better. This is due, first, j
to the improvement in the business of
basks following the passing of the
worsfl uncertainty at mid-year, and
second, to the prosperity of* bond de?
partments and bond houses. ,
Morgan & Co. Bonos
J. P. Morgan <fr Co. are planning a
distribution to their employees in line
with custom, but, as usual, the amount
is not announced nor is a comparison
with last year's bonus indicated.
The Federal Reserve Bank of New
York is expected to give some seasonal
bonus to its employees, although it also
adheres to a policy of no announce?
ment on the subject. The distribution
will probably be smaller than a year
ago, when and if approved by the
proper authorities.
The National Bank of Commerce has
paid a bonus approximating that paid
a year ago. The Bankers Trust Com?
pany ia distributing to employees, as
tn 1920, 6 per cent of their annual
salaries. The Guaranty Trust Company.
which for the last three years has
maintained a profit-sharing plan ob?
viating a bonus,, is this year giving
employees, officers excluded, 2% per
cent of their annual salaries. The same
ratio applies to the Guaranty Company.
The National City Bank, which a
year ago distributed 5 per cent to its
employees, is not expected to pay a
bonus. It holds to the theory that
employees should be paid on a salary
basis strictly according to their warth.
and indicated in 1920 that the practice
of Christmas distributions would be
discontinued.
Amonnts Sam? as 1920
Among the investment banking
houses the payments made a year ago
are generally duplicated. Such repre?
sentative firms as Dillon, Read & Co.
* and Harris, Forbes & Co. have followed
! this precedent.
Bonuses announced yesterday in
i eluded 10 per cent of the annual snl
; nries to officer? and employees of th#
Lincoln Trust Company, "additions!
compensation" of 15 per cent to officers
and employees of t h ?^ United States
Mortgage and Trust Company.
j Employees of R. M. Grant & Co. will
receive the usual bonus, based on their
annual salari?*s and on a sliding scale
according to length of service. Those
with the firm for two years or more
will receive over 10 per cent of their
yearly salaries.
Hemphill, Noyes & Co., in addition to
insuring the lives of their employees
and guaranteeing an arrangement
whereby in the encouragement, of thrift
employees are obtaining from 15 to 20
per cent on their savings, are distrib?
uting a Christmas bonus of 10 per cent
of salarie-.*, and 2 per cent for each ad?
ditional year of service.
No Exchange Celebration
The Stock Exchange, contrary- to its
usual custom, will not hold a Christ?
mas celebration this year on account
of the construction work that is being
done on the new annex at the corner of
Wall and Broad streets. Because ot
the demolition of the old Wall Street
entrance one can now enter the ex?
change only on Broad Street, and it was
feared that the congestion would be
too great if an attempt were made to
handle the crowd of relatives and
friends of the exchange employees whe
usually attend these functions.
Preparations were being completed
yesterday for a big jollification botr
on the Consolidated Exchange and th?
new Curb Market Exchange. Thf
Produce Exchange will not have it:
Yuletide celebration until New Year's
when the usual circus stunts will bi
presented to the poor children south o:
Canal Street. Business on the Curl
Exchange will cease at 11 o'clock to
day so as to permit everything to be it
readiness for the afternoon's festivi
ties.
?Sold in Demand
The United States Sub-Treasury am
the banks have been doing a rushinj
business in gold pieces all week to fii
the holiday demand. Mcjpt of the call
have been for the 52.50 denomination
but the limited supply at the Sub
Treasury waa exhausted by Thursda
morning. Eagles, double eagles an
half eagles are more plentiful, practi
cally all the banks paying them cut o
demand.
As a general rule Stock Exchang
firms have been fail!;/ liberal with en
ployees, but not to the extent of som
more prosperous preceding year:
Some houses are basing the extra yeai
pnd compensation on length and fait!
fulness of service. Bonuses apply pai
ticularly to those firms which have lai
off a substantial number of clerks du*
ing the last year. Where lay-offs hat
not been the general rule few bonus?
have, been distributed.
average canal improvement 3 per cent
bonds.
Subscriptions to the $30,000,000
American Sugar Refining Company is?
sue were well in excess of the amount
offered. No formal announcement of
ailotrnents is to be made.
U. S. Trade Commissioner
To Australia Here ISext Week
The Bureau of Foreign and Domes?
tic Commerce, United States Depart?
ment of Commerce, announces that
Trade Commissioner A. W. Ferrin, who
has recently returned from Melbourne,
Australia, will be in New York from
December 27 to 31. inclusive.
While in this city Mr. Ferrin will
make his headquarters at the bureau's
New York, district office, 734 Custom
House, where he will be glad to con?
sult with manufacturers, exporter., and
others interested in trade with Aus?
tralia. Appointments to see Mr. Ferrin
may be made by calling Broad 0794 on
the telephone.
Boston Wool Market
BOSTON, Dec. 23.?"The Commer?
cial Bulletin" to-morrow will say: "The
demand fof woo! this week has been of
fair proportions, due in part to specu?
lation on the part of dealers, but also
in considerable measure to piecing-out
orders from the mills, which meet the
advanced prices reluctantly. Fine and
medium W00I3 are very firm and tend?
ing upward. While low wools are
somewhat higher, scoured low South
American wools have shown an ad
1 vanee of perhaps 5 cents a pound for
the week. The mill situation shows
, comparatively litle change, although
! rumors from New York state that the
' goods market is in slightly better
j shape, which seems to be reflected
: more or lesa?, in the yarn and tops
' market.
Miscellaneous Markets
Public Utility Secnritie?
* ?"'?? *? Bid Ask
.. ?? '? '7I.*Tli6sH 73
? ?f. ..II It Col Pwr.. IVk ?Va
ein pf. . . 83 IS
34 C P P. 4L. 12 15
??** t- - do p?. . . 32 35
* o Jt' r - x ' EB * 5b pf 8*>% 92
?f *,L -' ' '' s ' E D B pf. 79 75
*1?*?U ' '- ''' EG* F 1 fis 95 S?
Am Peu. 8 is do 6% on 91
-.i?& . do 8'. pf 90l*, ?8
??Wchn p ? 6 Fd- l * T 8 1?>
f-S^?S '* No Sta pr 87 DO
Wt Su E i l? do pf... S7 a')
??,? pf Hi-PR* L 4S,i 6
Lltl.? 8VC.19? do pf. . . 16 2?)
aopf 6t*?i 57i? 8o Cal Bd. 9S 98
aoB ih. 21 21 2 do pt...lOS 110
?J*V ? StdO& El 18 IS
-? C ... *-i 9,514 do pf... 4-i 43
r-2 TRL& P % 2
?*S B ' ? H do pf... 6 ?S ?
?"O'lspf 8 _ ?r;n L & Ry 20 81
?op. R. rr-j . - ; do 1st pf 68 70
?is en cm 77 u, ? ?WttPw... 25 31
w MJt..l42H ? . do pf nw '73 SI
Miscellaneous Stock*
*m Ltd.. a 19 csr- Invst 55 60
i^-??'i^ 74 pt?W, SS 90
!*Vi?? ' '- l Draper C.140 147,
7?Tt? F ?'??" Exe Bufff-t 92 86
XSJ'1 P- 3 i * mt 811 pf. ?2 87
^Pj.-, B0 Nat! Ckt 75 85
ADTvr"; B? NCprttf? -
Ati?. d ~J 40 45 p & w Pr- Si 9i
S * t ,'-? 42 4* Phclpa D..180 190
?L5"?1-.* S'J4 s"*^ Ryi Bk*P 90 ?
?So-'dpf. M _ , -,.lo pfV, Si 50
Chi1--1:" : ' BtLBMA P 88 43
,? >0' 9i 99 "W 4 B... 92 ?6
J" Pf. . 01 102 Tat? & T..260 270
Steel ?nd Ordnance Stocks
am * B:,? A,k Bid Aok
Atl.ri?1-280 2SS EraStlpf. 40 50
?&?? f^*;-11* 11? ?Hero Pw.140 160
Ctoh ? ^10i 104 d?> Pi-*- 95 9?
^?,fat*J- Nil ?f. t* P. 40 . i
tvittl" P* ' do pf... Si ??
VPnn.' T ?4 ?**?"? Mfr.340 ?
?*??;?? ' Thmp Iron 15 25
RM a ?-7' "? VV'i-rornW 5 20
? 8 4 t? 2( ; ?Ex dividend.
Bonds
?\P?t??"!? ?* j M St P ?a 88*4 tt-?
AnaAk*1 ? *T U LAR ?a 78 78
^pf"" ** Ut?hSec6. 9? 97
Tob?ceo Stocka
d^ 3*-?X !7? PR-*-T.. ?8 Tt
)!",?'-?? 104 ?Unvral Lt.130 133
do ?T* ,3 90 w?>^ B..187 ?
?WA4P.103 107 I -Ex divld?-id.
Trust and Surety Companies
?'????ar? B,Ld *??*, Bid Ask
US,,,'"' 70 - Manufctrs ..210 ?
?4 Sur;*a--- r ? Msrcant!?.. 275 800
KV", ?? Metiopltn ...245 -
?oad ??;--?i-3 32?!Mtg- Bond.... ?5 96
burn*, ,-*:r- ??Mut T W.105 US
^-rti r,.;. ^',: <-? N' Y Title....138 145
C*haiw"ton*??0 ?-Nil 8urety..l95 200
CrUr,-"'5 ?1B'N\T L4T..580 -
B?m Tr ?? -?S2 ~i-v T Trust. . .213 ?7
ESokA'VfS 2?? People'? ....290 ?
SKJi1;* ri2" ?'Realty A.so.U? 120
''uiton ??2 21?iTttlo Guar...385 280
^UafaBfV'??S ??0.uid State?...930 ?
??S^* ?,1-^ 196,u S M 4T..360 370
K?nts "iii'? ?:UBTG....77 87
?ma T? l2A ,SB W * R A M. 150 160
Insurance Compsiiies
i-a i?w. Bi<! ?*"'' Btd Aak
r>o*Ph."^0 32S Ntl Elb?rty..l60 180
?tsaklto^"*^0 ?S;Nr!a?ara ....135 1770
?P?*? * *b"?,?^ 96;Stuyvant .... ?0 75
' KtAj?? 22! .?l'ntd States.. ?3 46
'?M?r*a..?i? 37?-w?*rtc?istr ....83 SI
New York Bank Stock?
.237
.147,
.117)
America . .
Atlantic . .
Am Exch .
Battery . .
Bowery . .
3-ay Cntl.
Bryant Pk ..165
Bronx Nil. . . 150
Butch & Dr.. 130
Cent! Merci...190
( has?.285
Chat <_ Ph;..:?il
<"he:sp Ex. . 8?)
Chemical . . . 485
City.833
?7oai & Iron..205
20f.
255
oiumbla
Colonia! . .
Commerce.
Compton .
Cmmnwlth
Contlnntl
Corn E-i-li.
East Rvr. . . .170
1st National.915
Stb Ave.900
Bid Asked. ? Bid. Ajked.
186 195 5th Ntl . . . .150 ?
.225 ? 'Garfleld .215 230
242 ?lotham ... .100
155 Greenwich ..27.5
? Hanover ... .820
130 Harrlman . .200
175|Imp ?- Trds..f,0.
lriO Industria!_ISO
140 lrvlns Ntl.. .19S
200 Mnhttn Co.. .214
290 Mch & Met . 340
: 70 Mutual. . . . 810
SO-Ml Amrcn . . X30
SOOiNew Nrthn
N T N B A
Pacific.40
Park.400
Public.234
Seaboard ....2-10
Standar?- ...210
State ....
13?H23? Ward
?4l7ntd States. 160
L'nlon Ex. ... 195
Wahc Hts. . .235
YorScvlUe . ..425
150
250
247
100
215
125
740
HI?
ISO
120
940
.120
.450
?200
475
415
410
242
250
250
Standard Oil Companies
Bid. -ii-.srt.
Ansio Am. 18 18%
; Atl RfK..l?J'j0 1050
i do pf. . .112 114
] Borni?-Scr.320 340
! Buck PpL 83 8 5
Ches Mfg.180 190
do pf. . .104 107
Contl O Col20 123
Crea Pp L. 27 29
Cum Pp L.120 130
i Eure Pp t, 77 79
! OSO pf nwlOO 105
do pf oldlOS 10?
do com. 40 42
111 Pp La.155
! Ind Pp Lu. 81
; Intl Pit Lt 16
! Ntl Trans. 2?
? s T Traa.145
or Pp L 90
hio Oh 269
Pa M-?x V 3 7
P- O A C
Pr Pp Ln...225
Solar Rfg.335
Sou PpL. 76
Soufhw Pa???
Sw Pa P L SO
?S O Cal.. 91 %
-S O Ind.. 87?i
S O Kan. 560
S O Ky. .435
IS O Neb...l60
?S O N J.179
do pf
Bid. A.?Ued.
60 570
229
35.7
79
200
54
9 2U
160
83
y ?'** '
O?
Miace?i.
SONT..S6
S O Ohio.. 330
d . pf. . .112
16*_? Swan & P 30
"n Tk Car 94
150 i do pf...101
94 ?Vacuu Ol?.300
i :2 WshK on.. 33
19 ?Par $25.
eous Oil Companies
9%|Merr O Cp 8%
42 M?dw P.fn.175
20 ?Min Pr Cp 10
OV'S Ck Prd 12?4
845 Sapu; Rfn 3 %
"Wat Ci L.30
?Par ?10. .
575
445
170
18.1
11 3 !
388
400
114
4U
98
105
S10
3S
'?*
At! Lobo?. 9
do pf... 40
?BrAmOLt 29
SikBiCP 8%
Gulf OH. .235
HmbOAR?2--.i> 240
! Imp'O Lt. 104% 1?5
! Mann Pst.l?0 165
S a ??rar Stocka
Bid. A?ke?.? Bid.
13 17 [Ort Wst pf 97
2 S
60
47
140
Chemical Stocka
Bid. Aa?-.e-d.' Bid.
Ky Selva y l?
183
10%
13
8%
.40
Car Sur?.
CenU Sug.
do pf... 2
C Afuirre. 57
FJrdo new 44
art Wst... 120
[National... 90
?NI Nique.. 125
?Savannah*. 17
do pf... 65
Am Cy-n...
do pf. . .
Casein Cp.
Dow Ch...
du Pont...
O raze 111. . .
g
?Mulfd Co.. 40
:M?rrimac. 78
?Merc C pf 68
?Ex dividend.
100
20
92
150
20
59
Arted.
45
?0
140
; Certificates of Indebtedn?ess and United
States Treasury Notes
Appro-.
Tear Bti. Asked. Tield
1923 100A 100^4 3.65
1922
1923
19?3
1933
1923
1923
1922
1923
1922
1923
P. Ct.
.. 6%
.. 5
.. r,%
.. 6?
Menth.
February
?March
"Maren
?Marc?i
April . 4%
".Tun? . C %
?Jane . 5 %
Ausm: . ? >??
?September. 4%
?September. r.%
j ?December.. 4%
??June . 5% 19:
(?September. 5% 192
?Acceptable lu paymer.
on the dtttes of maturity.
Now York City Bonds
Ferra, rate, maturity. Bid. Aak.
Inter 4%?, 1967..103% 104
I01j_ 102? 4.67
t of Federal taxes
do
do
do
do
do
4_
4%s, 1965.103%
4%?, 1963.....108%
4%u. 1957.
104
104
.?03V4 104
?%?, 1966.- 97%
4%a, 1964., 97%
?%_, 1?<_. 97%
Yield
4.30
4.80
4.29
4.28
4.30
4.80
4.30
Security, Rate, Due. Bid. Ask. Yield
?Io ???^s, in?;o. 97% 89 4.31
do 4'4s, 1 0?0. op. 1920.. 97% '?'> 4 3'i
do 4.-, 3 97,3. ?:; % 35 4 "7
?Jo 4s, 1958. 93 s-_ 95 4^27
do 4s, 1 fir,. 934 9., 4 27
Reg. 4s, 1355-V-6. 93% 84% 4 23
do 4h. ir?;;5. ?3% 96 4 32
Inter 2'-js, 1954. 8 4 86 4 31)
Coup 8%?, 1954. 84 86 4.30
Riff 3%?, 1950-*54 inc.... 84 Stf 4.30
do 3%s, 1940-*50 inc.. 4.50 4.20 -
do 2%s. 1322-*30 In'.-.. 4.36 4.40 ??
Reg coup (serial) 4 *? s,
7922-*52 inc..*. . 4.75 4.35 -
Reg coup 1 serial j 4%S,
1922- 3*1 inc. 4.75 4.35 -
New York State Bonds
Issued in coupon and registered form, -.lot
interchangeable. Coupon bonds reg-lstsrasle.
Cana! & H'wav 5s. 22-'20 4.25-_
do 5s, 1930-1940. 4.20-_
do 5s, 1944-1970. 4.19-_
Canal Imp 4%8. 1964...109 112 3.90
Highway Imp 4%r, 1963.109 112 3.90
Cana! Imp 4%r, 1983....104 107% 3 90
Highway Imp ?Vis, 1965.104 I071, 3.90
Barge Can Ter 4*.4s. 1945.103 70-3% 2.30
Highway Imp 4s, 1967... 100 102 3.90
Cana.i Imp 43, 1967.i00 102 3.90
Highway Imp 4s, 1960-*62
mc.100 103 8.90
Highway Imp 4s. 1958... 3 00 102 3.90
Canai Imp 4s. 3060-C2 inc. 100 102 3.90
Palisades I S Pk 4s. '61..100 102 3.90
Brg Can Ter 4s. '42-46.10O - -
Federal and Joint Stock Land Bank
Bonds
Federnl -farm Loan 6s,
1338, op. 1923.100% 101% -
Federal * Farm Loan 5s,
1941. op. 1931 .103% 392% 4.83
Federal Farm Loan 4V?s,
1339, op. 192 4. 9S 99 4.6?
Federal Farm Loan 4%s,
193S. op, 1923.* 98 99 4.5S
F?d?rai Farm Loan 4%s,
3937, op. 1922. 91 99 4.8C
Chicago Joint Stock Lar.d
Bank 5%a, 1951, op. '31.10_% 193% 6.11
Chicago Joint Stock Land
Bar.k r-s. 1039, on. 1824. 99 100 5.13
Chicago Joint Sto. a Land
Bank 5s. 1938, op. 1323. 39 100 6.1."
Short Term Securities
Security. Rate. Pue. Bid. Asked. Tield
Aium Co of Amer 7a, 1925 99% 100% ? 6.91
Am Cotton Oil 6s, 1924.. 95 95-j 7.41
Am T?l A Tei 6s, 1322... 59? 100% 5.83
do 6s. 1924. 99% 100 8.01
Am Thread Co Gs, 192$...100 100-, ;? 9.
Am Tob 7a, 1922.100% 101% 5.51
do 7s, 1923.101% 102% 6.Si
Anaconda Cop 6s, 1929.. 98% 86% 6.5
do 7s. 1929. 99% 1001,. ? ,,
An-Am Oil, Ltd. 7%s,'35.102 192% 6.8
Armour conv 7s. 1930...101% 102 6.0
Bell Tel of Can 7s. 1925.100% 100% 6.7
Bethlehem Steel 7s, 1922. 99T-? 100% -
do 7s. 1923.3"0 100% 6.6
Can Pacific 6s, 1924. 99% 100 6.0
Cent Argentine- Ry 6s, '27 89 90% 8.2
? C, R I A P Ry Co 6s. '22 99% 300 6.0
i Con (las Co of N Y 7s. ?22.300% 301 -
Cop Exp Assn Ss, 1922...100 100% 5.0
do 8s. 1923...100% 101% G.3
do 8s. 1924.102 102% S.S
? do Ss. 1925.103U 103% 8.?
Cudahv Pack Co 7s, 1923.100 % 101 6.3
Fed Sus Ref Co 6s. 3924. 96% 97% 6.9
Ooodrlr-h conv 7s. 1925... 96% 97 7 9
Gulf Oii Corp 63, 1928.... 99% 100 *_ 5.9
do 73, 1923.102% 103% 7.3
H J Heinz Co 7s, 1930...103 104 6.3
! Hook Val R R 6s. 1924.. 96% 97% fi.S
Hum Oil A Ref 7s, 1923. 99% 100% E
Interboro R T con 8s. *22. 71 72 ?
Kan City Ry Co 6s, '23 99% 100 ?.?;
Kennecott Cop 7s, 1930.. 100% 101% 8.1
Lac Gas L 1st A ref 7s. '29 97% ?8% 7.;
Procter A Gam 7s, 1922..100 100% 4."
do 7s. 1923.101% 101% 5,1
j Pub Ser*" N J con 7s, *22.1?S0 300% C.S
R J Rev Tob Co 6a, '32..100% 100% 5.?
' Sears Roebuck 7s, 1922.. 99% 99*? 7.,
do 7a, 192- . 99 99% T.?
, Solvay A Co 8?, 1937.101% 102% 7.1
; Southern Ry 6s, 1932. 99% 93% 8.1
j ??'we? Beil Tel 7s. 1925.. 100 100% 6.1
? St P Un Dep trtd ?Vis. "23 98% 99% 5.1
?Stan Oil NTH 1925-'31.104% 108% ?
do 6%s,' 1923.105% 105% 6.
! Swift & Co 7s, 1925. 99% 99% 6.
do 7s. 1931 .101% 101% 6.
! The Texas Co 7?. I92S. . .:00% 101% 6.
?Utah Securities 6s. 1922. 96 97 10.
Vacuum Oll 7s, 1936.106% 106% 6.
Weed JXloo conv 7a. 1335.133% 123% 5.
investment
Information
Questions of general internst to in
vertorn will hr answered in this col?
umn, in which cane only initials will
be used. Other? will 6a answered by
mail. Address all inquiries, inclos
\ng a * tamped, addressed envelops, to
Financial Editor, The Tribune, ?S4
Naxr.au Street, Now York. City.
A Good Investment
Question?"Would you advise the Northern
State? Power 1st 5s. Serlos A, due 1941, aa
a conservative Investment for a woman o?
about sixty v?,ir? of ng?. and can you fur?
nish n-.e with nom?-- detail? as to th? secur?
ity back of the bond and the business ut
tho company7?-A. O, 34,
Answer?Northern States Power first
and refunding 5s are aeenred by a
Hen, cither direct or h y the deposit
of tho entire outstanding: issues o?
bonds and stock, on all of the property
of the company. The total amount of
the bonds under this mortgage, includ?
ing both 6s and 6s, is $27,5tt7,500, and
then- are $7,323.000 prior lion?! out?
standing. The properties of the sys?
tem supply electric light and power
to some 290 communities in Minnesota
North Dakota. South Dakota, Wiscon-?
sin, Iowa and Illinois. In lf?20 the
Company, earned more than double its
interest charges. We think the bonds
a good investment.
For a Small Inheritance
Question?f have just Inherited 85 200
and would appreciate it. if you would give
me a list of safo bonds to vieid 6% per
cent or better. I pee you speak of a Hy
dro-e.ectric or Power bond, which would
Pay a higher per cent and be-equally safo
and what is your opinion of tho Queens?
land bond???nias G. v.*.
Answer?-Wo think highly of State of
Queensland 7 per cent bonds which, at
the present market prices, yield about '
6% per cent current interest. The
yield to maturity is a little less, be?
cause the bonds are selling ai a
premium, recently at 108%, but you I
can offset this by putting part of your I
money in:.o lower coupon rate bonds j
selling at. a discount We suggest j
Colorado A Southern refunding and '
extension 4%a. due 1935, recently sell?
ing at 84%, which gives you about o?i '
per cent if held to maturity. Among j
the hydro-electric bonds that, yield ohi
per cent or over, we suggest Puget I
Sound Power and Light 7%_, due 1941,
recently selling around par, and Con- !
nect cut Light and Power first refund-'
ing 7s, due 1951, recently selling at al
little below par. For the fifth bond we i
suggest New York Telephone 6s, due |
1941. and recently* selling around par. I
With the $200 we suggest the. purchase .
of two shares of American Locomotive !
preferred stock. It will be necessary !
to add $20 or so to the $200 to make up
the purchase prier.
For a Widowed Sister
Question?While personally - In posi?
tion to Invest, I have a widowed sister
who lian about S7.O00 which she wishes to l
? ? ? :? In fair yield securities which are
ibly safo As she depends entirely
on n ? advlco and judgment, which ? n
too ?..lid. i Hsk you to please crii
g list which T have submitted
? will rtot act on It definitely with?
out your advice: Ten shares Southern
Pacific, ten shares Illinois Central, ten
shares Allls-Chalmerg preferred, ten shares
Standard OH Company "of New Jersey pre
ferred, Jl.OflO Canadian SVfce, 19?9; ?1,000
Northwestern Bell "?"' lephone, 1941; $1,000
Diamond Match 71.?, 1935. At present
prices the stocks will average 7 29 ??ni
the bondi? about 6.44. Do you think this
list Is reasonably ta.f-- or would you sug?
gest a change1?S
Answer?In our opinion it would be
more conservative to buy Baldwin Lo?
comotive preferred arid American Car
and Foundry preferred in place of
Southern Pacific and Illinois Centrai
stock. The other investments you sug?
gest are high grade, in our opinion.
Pure Oil
Questloi ?1 am Inclosing herewith an Is-*
sue offered concerning the Pure Oil Co.
preferred stock, and would ask you if you
kindly ad lae me as to the sound?
ness of these stocks as an investment, and
not as speculative??O. O.
Answer?In oui opinion Pur? Oil
convertible 8 per cent cumulative pre?
ferred stock is a good business man's
investment. You can see for yourself
that in each of the four vears ended
March 31. 1918, 1919. 1920 and 1921, the
company has earned many times over
its dividend requirements on the pre?
ferred.
Rarit?t! Refining Bonds
Question?I am contemplating the pur?
chase of Ka rit an Refining Corporation 7
per cent and participating first mortgage
ten-year bonds. Can you give me some
information of fhsrn? Do you consider
them a good investment? T have been
credited with dividends In scrip on iom?
preference R stock City ?ervice. What la
scrip??H. H.
Answer?Raritan Refining Corpora?
tion 7 per cent bonds, due 192'.), are
secured by a first mortgage on an oil
refining plant near New Brunswick, N.
J. Sinclair Oil co__olidated is tho
marketing- i gent 'or the company's '
products. The bo;, i_, we think, are a
good investment. Dividends paid in
scrip means t>-ct the company issues
a note promising to pay a certain sum
either at a specified time or under cer?
tain conditions.
Small Denominations
-
Question?Through the sale o * some
property I have acquired $2,50? I would
like to Invest It at a fair rate of Interest. ;
I have been a constant reader of your :n- ;
vestment column and ? have prepared a.
list of -rtiA seenrities I prefer: Ten shares ;
United Sta'-s Rubber first preferred, ton,
shares Philadelphia Company, $500 Oood
year Tire Ss. 1031; $200 Sinclair 7Hs, i
1926; $100 American Telephone and Tele?
graph 5s, SiOft Pennsylvania Railroad 7s, ;
$1(10 United Stute?. P.uhher 7s, 1923: SlOt?
Southwestern Bell Telephone 7s ?!'" ;
Western Electric 7s, 1925. I wisn you
would: examine thl* list, making any
changes you think advisable. I would !
like to hare the bonds in ?mal? denomina?
tions. If the bonds I have listed ?re net \
issued in small denominations, would you
recommend some to rue that are.' ? R. A. C.
Answer?There is a ecrtain amount |
of speculation involved in United States ;
Rubber first preferred under present
circumstance-, we think, and Phrla- ?
delphia Company stock is somewhat
speculative. The Pennsylvania Rail- \
road 7s come in $F>00 denominations |
only, as do also the United States Rub- \
ber T^s mot 7s). You would be more j
conservativa if you bought $500 of the I
Pennsylvania 7a and only $100 of the
Goodyear Tire, which come in $100 de?
nominations. Colorado & Southern
4V_3, due 1934, come in 3100 denomina?
tions and are a good investment, in
our opinion.
M, K. & T. 4s
Question?3hould an Investor who has
$1 000 Missouri. Kansas & Texas first 4s.
1990, and $1,000 Missouri, Kansas * Texas
second 4s. 1990, ksep his bonds or seil them
or accept the exchange offered by the re?
organization, if he la concerned for rea?
sonable safety In this, say 2 per cent of
his diversified holdings? I have read the
plan of reorganization, but am not much
helped In* it Only the Inclosed announce?
ment from the first mortgage committee
In making 'he choice which, as they sageiy
sav, 'it esanntially one for the individua:
bcmdholder."?C. H. H.
Answer?We advise you to exchange
your first mortgage Missouri, Kansas
& Texas 4s, and in your case, since you
arc a holder of both first and second
4s, to exchange the second 4s also. The
plan, in our opinion, is favorable to the
first 4s and rather unfavorable to the
second 4s, but we believe that your in?
terest, being a holder of both, would
lie in seeing the plan go through and
your investments would then again be?
come a regular interest-earning invest?
ment.
r--;-'-;?!
Four full columns of in?
vestment questions and an?
swers are published in The
Tribune every Sunday
Day'? Dealing? in Bonds
The Market
Tho good reception accorded new
?-??sues that have been put, upon the
market tins week Is attributed in a
measure to buying* by investor*' wjio
have sold their holiiiuirs of outstand?
ing bonds nt a profit and ?witched to
the new. This proceeding-, while satis?
factory to the offering banker**, tus
had th>-?. f*fTe?.*t of reversing; the trend
in the Hst of bonds generally. Trading
was quint yesterday but reaction con?
tinued in force, the decline in Liberties,
however, experiencing some check.
Transactions
Sales Tlald,
Llborty ia, ?947*.81,467,000 B.88
do 2d '*. 1942. 4.000 4.7?2
do 1st 4?4s, 1947. 121,000 4.33
do 2d 4%a, 1112. 1,480,000 4.56
do 3d 4%s. 1929. 1.872.000 4.13
do 4th 4%a, 192?*. 1.832.'100 ' '7
Victory 4%a, 1023.8.281,000 4.7"
.. ',. *, L923. 855,00 i ... ?0
Quotations
?llsh. Low Last Ctigm.
Liberty 3%a. 94.30 9*<..**I 94.10 +.M
do 2d 4a. 9i.H0 94.71 98.80 ?.08
do T.Bt 4%?.... 06,28 96.70 96.38 ?.10
?lo 2d 4%a.... 98.86 94.92 95.80 4-.04
do 3d i%a.... 97.20 9?..70 97.20 .20
?lu Ith 4*)4S... 96.40 ?7,.i*4 9?.24 ?.04
?71ctory 4%e>._too.tu 100,00 100.o? .03
do 3%?.100.04 100 00 100 04 4-.02
Bid and Asked Quotations
Libert v bonds. Yesterday Thursday.
3%s, '33-'47... 94 00* 94.20 98.34? 93.39
1st 4a, *43-'47.. 90.100 Ort.40 98.26? 9?.4?
2d ta, '27-*47.. 95.80? 98.90 9?.66?8) 9.7 90
tal y,s, '_"*'?.,- 96.20? 96.38 96.36<3> 9?i.40
2d 4',?. '23-'3l 95.80? 95.86 95.70? 98.78
3d 4',?j, 1928. 97.20:0 97.28 97.00? 97.10
4th 4%e,1938. 96.20? 96.24 96 16? 96.22
Vlo 4%a,'33-'2S.100.03(}J100.08 100.02?100.04
do 3%?V23-'23.100.02@100.08 too.?r*T? 100.04
Pre-war Issues:
2s. res?. 197?O-ioi%l?ioi% 100%?>181% ?
2s, coup, 1930_101%*?$ 101% 100?i?l?H4'
4o, ret, 1933. ...104% ?104% 104*.,? ? ?
48, coup, 1925...104*4? 104% 104Si#104%
2b. Pan. c. 1938.100%? ? 104%?8>104%
2s. Pan, r, 1936.. 100 H ? ? 190%? ? ?
2?. Pan, r, 1938..100% ?101% 100%?181%i
3a, Par, re*. 80 ? 83 SO ? 83
3s. Pa a coup.... 80 ? 83 80 <cr> 8.!
Phil 4s. 1934. . . 89 ? -? 89 ? ?
Phil 4i, 19?S. SO ? - 80 ? ?
Ph 4s, 193*. 80 ? - - ?0 ? ?
Dof C?l 3s, 1988. O? ? -? S3 ? ?
Foreign Govt. and Municipal Bonds.
(Interest to be added)
Bid. Asked. '
Argentine Intern 5s, 1345. 76 77
Bel-clan 5-jrr tie. 94% 95
do 7%3, 1947,.114 104% j
do Sa, 1945. L05% I?-??,?
Bergen 8a, 1945.106%
e 88, 1945.106% 107
Bordeaux 6a, 193*4. 84 84% |
Brasil 8s. 1941.103% 104 '
Canada, is, 1926. 95 96%
da 5%*, 1929. 9t*H 98%
do is. 193! 94% 95 'A
Chile 8s, 1941.100% 100% j
do 8?. 192t7. . 83 ?.,, B9 ??- '
Chin Gov H u Kur Ry us, L351. 44%
I hi ana 8s, 1946 . 108% 107
Copenhagen 5%s, 1944 ?6 86%
Cuba Extern 5?, 1914 ,.., R4% 84%
do 5a. Series A, 1914 78% ?
do 4%s, 13-19 .,,., ... 75 7? %
Denmark 8s, 1845. . 107 107 % ?
8s, A 1946. L0? '.or
. B 1946.106 107
do 6s, 704: . . 94% S 1%
France 7 4?. 1941 " I % 94% j
do Se, 1345. 99 *t 99%
Italy 6-yr 6%s . . 93% 94%
rapai (s sterling loan, in:; . 72% 72%
?lo 4Mi?, sterling loan, 192C . 86
do 4%s, 2d ?sen*?., 1927 .. , ;, , 88%
Lyons 15-yr 63, 1934.?4 85%
Marseilles 15-yr Us, 1935. . s I 87.',
Mexico Exter gold 4s, 1954... B9% 40V-J
sterling; 5s, 19 4 7,.53% 54??
Norway 8 s, 1940.108% 109 '-,
Queensland 7s, 1941 .107 1071..
R;,> ?le Janeiro 8s. 1943. 100 100'I
San Domingo 5s, 1968 . . '.7-a 88
San Paulo 8s, 1936 ... 100% 100%
Sweden 6s, 1939. 94% 95
Switzerland 8s, 1940 .11.2% 1*12%
66 u 63
Uruguay Sa. 1948.102% 103
Zurich 8s, 194.7 .los 10s
I Kingdom 5%s, 1922....100 100%
do 3%s, 1923. '.19 loi,
do 5 ? y 7, 1937. . 9 i
?; Suies)
Argentin? G Dominican T7 ; c... 95%
5s 1946 5s 19E8 Rap of Chile
.... 78 1 .... 85 Ss 1326
Chinese Ry 5s 25 .... 85% ??? 99u
1951 Fren?-*!*. Rep,3? - ??2
?? <5 1?" 1 *.. 99H
L 500. 45 1 , 99% ; _ 9?ma
C 1 t Ber- . 99% 1941
gen 8s 1945 7 .... 99% 5 . .'.loo"'?
105% 1 8,'f.. 99U 1 500.100%
* Bord 12 - 99-s, 10 . ;.,, s
Sa 1S34 I 3 .. .. 99% 2 . 100V4
I-i ... S3 7, . . 997a y 100%
83% : 93% t ....100%
4 . .84 i 99% 1 _100 ?4
9 S3 Va - 99% ! 2 ... .?OO'A
? ... M 99% 4
:.13% 23 . . 89?% 1946
... 83% 2 .... 99?? B .... 99%
,84% l ... 99% 2 395*
4 _84 7%3 1541 (?ga?
ll ....84 18 - 94% 1 . . y3.-,8
City of Chris 1 .... 94% Rep ,-,f <y;Uba
8 - 1945 1 - 94% ?a 1904
... -707 4 . 94% ? .... S4H
City of Copen- ? 94% ?> .... $43$
hag-en 5%s 2 ..... 94% 4 s
1 144 S - 94% 1914
1 ...85% 2 1. . . 94% ir ... 75%
.' Lyons - ?"Si*-- 94% (Us 1949
Bs 1934 2 .... 94% 3 .... 78
7 - 83 i 2 .... 94.% r6P 0f Urug
. .. *< Gov of Sw-ltz- 5S 1948
-::-, 1.7 erland s f 8s ; . . 1,12%
5 _ 83% l!'4J 1 ... 103
? 83% ', ?? ??}''". . .i03y4
R3% : ....112% : .., ..,^,,.
?-' ? S3%l ? ?? -.112% y . ..10*
City of Mars JaP 1st ser gt of ?jueens
61 1934 +'s 1925 und 3 f is
17 _ S3 10 ... 88% 1941
*3% I .... 88% 2 . . .107%
4 .. . . X4 1 - 86 V4 11 ... .107?),
1 . 33^ Fi;K loan -la 8 107'-?
83% J-931 foot Sao Paulo
7 -4 11 .... ?2%; a f 8s 1936
City or Rio ?1? ? ' ' :'i'*? I ... 100%
.-;f , ?'??-.:.'* ? ?100%
Ss 1946 , ' '??? ',-,;" J ??? :.>
2 . . 7 00 " ???.'-> 7 . ....100%
. :01V? . : "???lUKofG B
10 .. .100 K (,r ?? :r,\ .<? ? ,1,3 1022
? .. .100% ,?,:, u"- s" 2.2 .. ,100
7 ....100% , ,..., . ?jA0I.1I 0
? .,..10014; \ ??? J??* 1 ....100
.100% .', ?fl?^ 1929
1 . ...100 \ ? ??{057* S .... 99%
: . 100% 7 - ",'??.; * 2 . ... 98%
?M 105 ."
100% 2? . .105*4 5 .... ?8%
2 ....100 -7, ? 1' * ig .... 99
7 0,-,-.
,105%
500.10?
..10
7 16
100% ; 0? 193
.???100% ,-f;u,'? ,?
City of Zurich ", ' ,S1,^4"' , 95%
8a 1945 , \l ?????X2? 8
95%
9 f 7%s 1945
11 ..,.104
, 1 ...103%
107% - 1. , '
1 ... 108 , &e0:i02% ' '7 -
Danish ?- 751 s 1 ...104 ' ***? *'
t gold <s aer 6s 1925 - ?" ' s?,
A 1946 1 .... 95 ' - f?-*
1 500 105% :; . 94% . ?, ,' 0 :? ,.
?06 ; '?4 t .- of Brazii
ser 13 1946 . 94*, ?J la41 ...
I 500. 105% 1 ... 35 -f -?2?t,
, .106 K of Donmart * -:r",' \*
io6% ss i94? ? * -'??:;:.:;?
; an 5%a ?? .. . .107% - - ' ? -*"*| * '
uotes 1329 3 ....108 '.} ,,'?
96% 4 . 107*4 [: ?'? ,23??
96% 6n :ot5 TV . .-/ ??"]":;:
' .... 96% 98 .. 94'; 10 .. 103%
< . -">'* 5 . .94% ' - ?? -r'??*?
.. . . UH K of Norway '.lu*'v**
96% 8? 1949 V 3 ?if lies 5a
- . 90% 7 109 1945
1 '- 96% ' , 64%
?i . ... 96% 5 . 103? 4? 1954
. Ou-iij i _108% 5 .... 40
5s 102-i i ! ? ."-i :; .... 40<-+
10
96% K of Sweden S.40%
96% Ss 1939 N Y City 4%?
.. 96% 4 .... 91 ?-j 1957 May
5 .... 94% 25 _103%
2 - i'4% 1 . . 95% 4%s 1971 w 1
i .... 94% .10 .. 94%! 50 .... 1014
Ra ilway, Other Corporations
Adams Exp ; 11 .... 86% i rfgr, 5a 1995
4s 1943 CVt 43 19.16 I .... 7 7
3 _ 75 4 .il I .... 74%
Alb & Sus?! Armour Co t .... 76%
3%? 1346 4'4?a 1939 2 .. . 76%
.75% 1 . . . 87% 13 .... 76%
--76% 4 - 87% .1 _ 74
A: i Ag Ch A 1' & S F S . .78%
7%? 1941 gen 4s 1995 evt 4%s 1933
7 _100 2 .... 84% 4 .... 7314
4 _ 99% 6 .... 84T? 71 . ... 73 V.
.100 ? .... 84% 4 .... 73'-*
: .... 95% ? CVt 4s 1355 : 1 . . . . 73%
Z - 99% 1 ... 77 12 .... 73%
1 .... 99% ' 1960 1 .... 13%
1 _ 99% 5 .,..91% gold 4a 794S
1 .... 99% adj 4a st;?d 1 .... 70
. -.'9** 1995 : P L B ??- W
99% 1 ..... 78% Va 4d 1941
crt 5a 192? .. 77% 3 .... 72%
7 _ 96% Trans Sh L Siv S%9 L925
Am Smelting! 4? 1?58 2 ....86
5s 1947 t I _ 82% T & ?J 4s
2 _ 87% All Co?Mt l5.i 1953
? . . 87% 7s 1920 6 _62
,87% ' ....105 ; ....63%
I .... S7% . 2 _104?; 3 - 62
2 _ 87%: L & X 4a 2 .... 32%
3 .... 87% ? 1952 4 - 63%
1 .... 87 %| 8 .... 77**. Baidwln Lo?3
i _87% At! Fruit Co ' 5s 1940
1 _87%: 7s t?m a f 1 - 96%
5 _ 87%) cvt a 7s 1934 Beth SU ttg
?I .... 87 5 .... 2f% 5a 1343
5 .... 88% .5 .... 24'-4 1 .... 9!
11 .... 87% 5 _ 24% p m ?s 1936
Am TAT 6 - 24% ... 80%
cvt 63 1925 1 ....24% 7, 88
7 . I<S?% H .... 34% r 1 96
2 ....107% Atlas Pow Bwy at 7th
12 ..,.107%, 7%s 1936 AV 5? 1943
6 . . .1>)7%: 6 . . ..103 2 ....60
8 ....107% 5 .. ..103% Bkiyn Ed ren
col 5a 1946 Bait ft Oh.u 1? aei* D 1940
1 _ 91% 8a 1329 1 _106%
! 4 _ 91% i 5 - 95 : 2 -10?
col 4s I?* ? S - ?4% 2 -195%
1 .... 86% ! 1 ... 94 'i sen 6a ser B
1 i9-"1 ,___; ' 2 ... ?t%\tah V Coal
i' -100***, Don S- R ?i : 5s 1933
Bklyn R T i rfg as 1 j65 4 .... 98%
7a 1021 47 - 45%U,ehI*|rh VaJ
4 . . . 6? | r? - 45%; ?? 1928
*5 '-?"?'- ._ j ? ? I ? 1 ... .100*4
I -,.6, * ?r *'?, I ct?" of <1"l' LorlllaM Co
i Bklyn n sil 4 .... * t 7s 1?44
**? 1?:',) -.?., ; ?Hj *S 1938 ? ... 11114
Q .... 73% 4 . , ; ; l, _, j??f ;i
4'-i'l 1967 , IL. _ 7 ?*, ti
3g ???? ?? -* :::: ?.-S ? :::: 'SJ
' - ? - - J3 1 7 i 1 ... 78%
B_" .?_* Ur DatrottB?l ist Loo A N??h
M 1880 o. _?_ *? *__ -? ??.io
f* *','* ??T? B i I40 2 1?6*).
1 - .fit 4 . .100% unified 4s
- ???????' % ? , (,,i \1 1949
Cal G -t E ' * !.;'*.* e.
?! ''"* , ; Sou ?H? ?<?- A
i ?-.,.-.- 194C w t
100 19 ? ?OSU
rrg 6a 194*0 ? ? IP%
o? ??_ 20 l ?B V4
',' ;; ; 902 ? .... i"2H.
s . ??_. 2 ????in?H
- Detroli f Ryi 2*> ?? loa?
? ? ? ' '' '*? 41 ? i ? ' ? . 102H
? ',*,' :2I% **, ?a* MAnhat Ry '
X"i* p.
gold Ib
11)40
. . . .10914
. . . 101? Vi
! I?* II
4s 1990
? ' !-!-> Diamond M'a! * ,'?* 67
i ????107'?! f . , 7? Market St
(San Pac deb J?0 * -?* r*-;- i.tcon
240 7?, 1 ... 108 ?" ln>4
S*f ff'J * ? '?07I MarUnd OH
08 1S38 _, 1?,-,--' ,' *? a. 1324
I . . . 837/4 Distillera S C ? 1J~* ?,
C*nt, ?*?* con u? m' i- Mox P of Dal
OS l!?45 _*_'?'? n f .??-?? ?".u
l .... S3 Du Pent de N ? r cvt Ss
Cent Leather l H? 1331 ty ,?,.
5s 182 ? *3 -IM e ' " 'io?
.-v., n:!'* .'. ? "';,:!^ i '.::'.v?i%,
:"--,,; S',! DaquVa'ne 2 M,lch1 *_-?? T
H? 6? 1949 85 -?J-, ?
i " Ij l" I 20 " " 3 oo U M1-Va1'*' Stesl
Short L, 4s Brie prl lien u? -..
1954 ' ?i* 199? g "' tS-i?
3 ... 71 6 .... 68 * "" g|C I
R R o? N J 2 .... 58 Vi I '.'.'.'. %t\\
" ! "*'..., . .',. t ... 83%
- . ...103?4 ? .'"??? io 83-S
CSrro t?"! , f?i_Uen 4;i M * ?t L rig
Pasco cvt si 1998 Ba 19fl2 ?
8a 1S?1 l .... 4*7 -w ,,. .?i !
???''*' * . .. . 4ZV4 4n 1C'4*J
I _m*,* ? 3 .... 42 H 5 ai i
I ,U3V5 5 .... 42 j " j4 ,
Ches jk < - cvt 6 ???? *?S!msP_88
?"" ' ?*'? 0J, ' ? ? M ?Ss 1931
il - ?4 H c. 4s e-ir A _ .. ;oi
*: .... 84% 1963 . 2 .. 100*4
a ?? ? 84% ' .... 35 3 ,...,oi
7 ..??8414 c. 4s air B m k ?fc T 5s
cvt 4-^s 133i- 19S3 nta :?3?5
? 83t*i i ? . .. . S8 15 .... 59
1 ??.??53* 2 ?*-? 89? 2fl *? 1980
9 s6f. Su iij .... 38 I 22 .... 50
'?'? ? ? ? ? J:lVi| cv 4? eer I> ! otfs o? deooe
'; -??" 19?3 , lo .... ??>
3 ? ....83%. ,1 - SiVii lit 4s 199?
4 ? ? ? ? ** ?? 3 ... 3 9 4 74
?????!!* 8 ???? a?H? rfs-?a 20tf4 ?
1 - ?,*V 18 _ 88H 1B _ 731, I
: .... J3% ?; .....38% 2 .... 73 I
?I" 4'*1 ,2i ? -?-? "8 4: ?xt 6s 1938 I
?"? ?2i_ 7 ???? 8?^ 18 .-?? 37H
r.?. ?-. ?-.;?;* i 2 ???? "7'-j r.ew pr ll*n
Chic *.A-- ffirle *: Jer Ss Cs ?er A
*?'?'* i'n'l.,, 1965 B .... 77H '
.3 ' -7 -. g" ?o ? 7 :?
rfg .73 194S? -fflrie-Pa col 4s : ] ' 77%
Chic & El Cl! S -, ' ; 77% !
4s ctfaloi ri*?k Rubber l '. 1 V7V?
?:p,iS ,3*i#6_' S? 13? I? - T.T%
* *?? "^ 11 - .100% S .... 77V4
7 *'?- :;*:* Gen Bleo U^b 8 _77?5
c. ?_'" " '?* ? os 1340 s ij ?b ser A
5s new co , 10a m .... *?
?*,5! ,.,, d-?b is 1952 10 . .. 44%
Il *??* ?22 5 .... 9.7% 1 600. ?Vi
}?- '?? Bf?' 4 ?"?? ?? 20 .... 44%
o "' ' ??* Good:, ear T it 6 - 44%
--'?' '"??_? R s f ia 1931 5 - 44%
,7". ?_,;,?* 27 _ 99% 35 . . 44 *-,
&.^,lB 1S^ SI .... Hfl-i 28 ... 44%
1.932
! _ 8GV?
6 _ *??>
-; + *-_;
4 ... ''9 V. 8 .... 4 ?* S
10 s?f.. 99 6 1 - 44 %
5 .... 99% 25 . . . 47, '._
1941 1 - -.44%
* 1 6 .... 4 4 %
C '*' SVeat 4s
1959
1 .... 60%
1 . . ' *' ?*.
. 60%
, - ? f jr. qi t> i ....110 ?
"r.v \. _.r -P Q Trunk Ry p * 4s ser B
2014
' *, 3 .... 44 \
S . . 44"'
nf ?"'an s f I .... ?"4."*
1? . . . . ?1
fa l'J40 ;. . . - ?4?
.. ..109% 2 .... 84%
rnl 4.,a l?8J ., .?S-, p i fla Ber -
.}. i'iV? -',-' 6s 3936 ?i ... 91
cv 4?.S I 133 ,
2 ... ''. 0
44 . - . . "9 4
?? r? %
91%
100 ! 2S .... 91
100% t . . . 91
100 21 .... 90%
100% t .90%
:.- r .'.?100' Mo Pacifie
Aiiii ??? ; ; HiSS? 5?iv2v"'-4
* ?*?? "**? 2 ....100 5 .... 92%
7 ' ' 5* 4. slOf 94%. ., 1886
i .... os ?? Gt \;or 7a 3er
4 .... no
2 4 .41-?
,*^ "3 ::::??7
... ?5
A 1938 g-: 4g?197G
29 . . .108% 10 . . . 80%
3 -107 : 10 - 10%
-i ??-? ?*-*. 106%
54% ! - ..106%
3 - o4-^ log-/ , Bft^
19 . ... 54% ... 1 fi?-v ^r, .
106%
106% ? ,?:;
lOi-. 5 _?0'
4<? 192
6 .... 68
199 .... 69%
s .... 68 S7 ;; ;,,.;i;
-1 .67% j .106%
10 . .68 ? x . 108% t
d?b"4."lBM -?^ M0t,'lfe 0hi0
'.$;? 2 . .106% jjiv 1931
10 . - b5 <;4? 1J6I - ?eu,
gn! 4s ser AM 4 _ ?7% " ' " rns?
r7SC9.8975% l| ? 88* iS*
C & N W gnl Hud ?. M rf
5s 19S7 5? 1957
- - 100 so _ ::. .-'?n ?/m
- ? ?>?*???? .1 .4-r* 4'_,o ion?
4 . . .100% 2 7.7 y S?'
2 ... 74**-'
? 106 ino ."-s 195
??0%
60-4
MoTitsna Pv.r
5h 1941
1
27
*_* Nati Tube Js
195
97%
N O T A Mer
03%
1 6%a 1930 15 .... 48%
4 .... 10? % ! . ... 48%
5 -108 20 - 48% f
> gril 4? 1987 ' 20 .. . 48% o
2 -83%. 15 - 48% M V *,,*?.
(Chic E-tv-ay 5s 20 .. 4* ?7 , -*,'-*n
,.,.,- ..,, _,-?? ?s 1920
r.... 68 "2 :::.: as .-, *.???,???>
.... s- m cent .,*..; G,lb *3 1?(3,5,.
'?C Et T & I-g-nl 1S_0 J ???? "%
4? 19S8 2 ..97 .; - Hi%
10 . ... 71% 4a JL96-J -.98
79 tf. . .75', B .-.. 97*?
i _79% ! f .... 78 4 ... 97%
rig 13 L934 . . 7- '.j *??" !3"4 .
31 .... 75 ; i . .78 ?' -83Vi
10 . . ."4-%J rfg ? 1958 '?"?" ?"-*? ;,?->7
74% L _S2 S* -,? ? 7 4
-.- ? r c & st L
[75 : : . . S2% d?b ?," 1981
Chic l.:i srn 3%a H"'52 5 .... (il
? t?'-as e?-r C 1 1 .... 75 .,?._;:;? 8('
I 1963 llll C A C St -^^ Edimon 1st.
1 ... .111% L & A" O 8%s aer A
? _111% Joint 5s 1963 1"i<>
..112 ..... 9e?4
- ser A - ? 90% 105%
I 796:; ' :; . . . 90% 24 ... 105%
.*, . . . . 88 v. 1 .... 90% -' . L?5',
.S?V_ XU C t?! L div 1'? - .105%
; .1 8g I 3 %s !13? 12 . . i 06 '?<,
Chic & "W Ind! t .-..71% 3 . 105%
: 7%a 1935 1? St?-1 4%s 17 .. 1 Or, H
1 ... .100% 1940 14 ... .10.8%
4s 1952 21 ' .... 87 2 ... .106%
? _ ,?,?>% tnd ?teel ;3 2 105%
, .... ?9 3 19a- 3 . 106%
; n$ 6 .... 66 1 ... .106%
Chile Copper , * ??? 98%iN T G B I. H
7a L923 Int-Met 4%3 .'c P p ni 4s
i 1 ! _ 99% 1058 194J
99% ? ?*;?, 9 ?l;;... ??
9j w ctfs of depos N' T N H & H
3 . . 9914 ' ???? 7% 6s 134g
?s 1932 ?* ZH I ?? ?- 64%
84 9 . , % 5 .. . 7,4
1 S3? ,;*'- " :' rfg 2 .... l.?,"t
?j ., , g4 5s 1966 n c. deb 4s
1 ' . .-, i i ."..,.. 52% -(955
CGC ?-. St I. I - ji-j* 27 .... 40
gnl 4a ill"' - '* ?? L'rJJ- d*1^ <s 105 5
1 . 7? .'2% l - 41%
; Clev Ali i 4a 16, - *17> : - ?
; '64 J ? ? 52% cv deb C%s
1 _ 88%. 5?>_? 1956
? Colum ?j & E ' ?'? -;/? 25 .... 87
?s 1337 . 7 - 1 N T K-.-S adj
5 ....83 5s 1943
3 - 39% , f ,. - - - 8%
Coi Industrial' ." ,_"ri -u*,? 6%
Es 1934 ' ("? lJL ,, etfs of des?
2 .... 72% l ????!!? ; .... 6%
Col & Su 1st a """ S?i '?'**? 4s JtiSOf
4a 1929 . ? ' ;s. '' ?epoalt 1942
1 ???? 88% iL", : 5. -KJ ? & w
.: . . 88 '?JA . M? rfS u3 1987
. S9 ' J?Di -, ' ? ??? 62'*
Comp-Tab-R . ?i;: "* *l Sa 1940
?a 1941 ? ?s ? - 3?i,^?
93 '.-??', 1.40
? 81% k'ck's* NT 8t*r*?'*'?
Conwl Qaa 7? M 6s 192s 'iun'Hs"!:
! 1325 -.. ion? .fc0
1 ....103% 4. l'g'ss 7 *???"?
. 103% - ?., '' ?_??? fir-)
: Cuba C Sugjir j ' " " 7: 2 -"?' Telepli 6a
; cvt deb Si Kan ?7':'v ' S.7 !'''*1
Stpd 1?3I? ?K 'O'.l - ...IO?-4
! n ???? 53 -J" ?";-. 63% - ??-?101H
' 28 . . g-j 1 -101%
? ?*;? B . I*?ll5
Kellylspring- : ?-'--1*1-**
*-. - ..^ - F* .-a_ , m, n
Qeld Tire
101'
-' ? 67 -old Ss'1931 ?. --'?'-f*
-?6? io- ....103% r^ * ??J*1i*
;?.67 ? L . . .103% 10 ????101%
c:fs O? d^p i ...103 i a ????101%
1 ....63 *' 5 ..103% - -.??l?i%
Cuba R R 1 .. .103 ?!> -loi*
7%s 1?4.? Kings Co E T^ ^- -101%
7* ....100% & P p m 6b. - ----^??**
3 -100%; 1397 6 -101%
8 _100% 3 _109 ? 8 -101%
?s 1352 -Lacle ?steel 5s 8 ...101%
3 . 76 l??O 6 . -101%
; Cuba-r.-A Su* 2 .... ?*:% 2 ....101%
col 8s 1931 4 .... ?3 S ....101%
1 . . .102 3 ...? 83% 1 -101%
. .1084, :;.... 83 1 ...?oi%
... 102 ie 1323 5 -101 >i
4 .. .101% ! - 97% 10 . ...101%
4 ....101% T.?ke 3 h or* 4s 1949
De) & I? cv 5s. 1928 . .703%
: ?935 I! - 89% 6 . .103%
5 _89 I Liggett 4; M 5 - .104
1 _ 89% 73 1944 1 . .103%
! * ? ss 1 5 ?Ulli 4%? ::-39
::? *!" 1343 I 5a 1351 g .... 88%
i i .... as*?* i .... n%\ t .... ?9%
Executor ?rustee
Chartered 1822
The Farmers' Loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue
At Forty-first Street
New York
London Pari3
Foreign Exchange
Administrator Guardian
Member Federal Beserre System and New York Clearing Ho-w
N T W * En R T >-k 4 L, Stac* A- '. i
4 % a 1346 4 % a 193 4 7a 19 5 ]
4 ... 20 2 86% 7 .
4 , . . 31 "? St 1. I M ?Si 1,
8 . . '.1 *f, 1929 Ter.
9 ... . 29 3 . .79% i- .
2 .... 30 4s Ru- & G Term R R As
Ma rara F P div 1933 of St L 5s
5s 195: 3 . . . : 74 '1944
1 ... 93 '- i" r, * S F i
Norf & W cv ?st'.. A :^5i 4%a 1939
6s 7929 9 .... ?8% 1 ?'
2 . . . . 103T* B ???%"? .,-??
J . 1 r,4 5 68% i 5s .
104 ? 68% ..1 . ?;'
. la 1998 '?' ? 08'4 ?
- j t 5s aer B 195?.? 16 . . . 4fi
div 4a 1944 ; 81 % ' TM?wa r i
8314 '-' s" '*? 6**n '
r . r Pac:?:.- 8a 4 .... 81%
aer B 2047 S ? ^l1**;
?t mg i.-f s^r C '92 T ft O ?5 l3t !
4s 1997 '-J ???? -i3*? 5"
10 _ 8 4 T, ... 93 ? 4 - 91-*
H 83-ic adj os 1155 Tr-Cy Ry & L
- _ 83% 1 - ?? 71% Bs 1923
4 . . 83%' * ? ??? 71% I 2 .... 95% .
l? ?saS 1 _ 71% Un Pacifie ?5s ?
;.; 2v4y "* i -?-. 7i% is:?
1 -au U ? ? ? ~! % ? 102%
? C ? bI1* 14 .... 71% ,.JLA2%
' ?n 1 .... 71% trt 4s 1947
1% * 58%
1 .... ?9%
Gt Nor joint
6%s 193? | 10 .... 71%
1 05 %
71% 10 . . 89%
,06? 71% : 89
* ioI% ' T! rf? 4e 2008
- ' 1ftS?? ino i(5 '- "*"' ??? $?
" ? "infj 20 . ?4% 7 rank Car
; ' ' 7 ;;: ?* 21 ? ? - 7? mo
{'??a 5 4 'a. 2 . ?04
,.,.,:, p, St L Sua cor. Cntd Drug Sa
a? ??E 1941 *S 1932 t?n*P 13il
?s s?*rB 1941 i .... M l8 ... l04
i ?iwn-a??U Tei St I, Swn Ter 8a 1936
: <? 18411(V, 6s 1952 "j . . 92%
? ' ' ?!?' K .... 71% L .... 94%
-, ? ??J2? st p ?^ Kan '-' vord Ry f-.v.
- ??";25* Short X. 4%a 5a Pltta Is
4 -i''. 1941 su?. 192?
1 .... 1 ?S7? i 77 j 7. -^
? ??* ;-,0?* 1 '.'*. 76% Un Ry'?f 8t
I ? 3 *.--? i;"1 ?> 5'. P M ?t M L 4s 1524
Ontario Pwr 4s Montana 10 ..., 50%
? B* -*9*0 Kn est 1927 17 S Real:. 4
. ' . -y ,' -, . + - S6% I 5s 1924
? ?- & (.al 1st gan a i A P 1 .... 02%
"S I3-' 4s 19 4 3 U S r.ubb-r
, 5 ... 9a% ... 89% 7%a 193,,
Or Short L >?a 5?ab * r? 00n .14%
; 194? os 19-?? 2 . .
18 .... 97% 3 _42% 2 A?4*i
4 C. .38% 2 _ 43% 1 .. lOl
I 2 .... 99 ? - -r, % - _103%
5 ? ? ? 2, % 2 .... 42% :..
4b 1P29 2 .... 42%
I? .... S71, 7 . ..42 ;
:. *? :s ? - 42 Va ]
Or-W R K &? 2 _ 41%
N 43 1981 2 _ 41% 60 104 7
1 ... 77% adj 5s 1849 H .... S-JH
2 . . 7T**i 25 .... 1? 1 .... 86%
Pac Q 4 E 5s 2 .... 14% a7?
j 1*4 47; I 8 .... 14% 1 . . . 6 .
1 .. . 87% 4 - 14% ) . 86%
j 1 .... 38 rfg 4s 1350 t* S g .:
2 . .. SS% 4 ... r; 's ?i 1988
4 .... 88 7 .... 31% 2 . . . -?(5%
??-i 1 ... 2 2
? Pan T & T as 4s ej.ar.iped rj g Steel s f
1 197?7 19S0 ?S is?s
2 - . . 91% 4 - f.0 3 _ 99%
1 Packar.i MC 1 .... 60 7 .
; 8s temp 1931 Saab & Rnoke m iy-,
; ... 100 5s y . su;,
j Pari-A-n P?t ?? - 88 rjta?l P
i ?S- Tr 7a 1930 1 ? 5.i 5s 1 :-4 4
J .... 95% .Shsror. St H ij
; . . 36% 1st Sa aer a -, ?- -,
Paters 4 P G 1941 4 .... 89
& El ?a os - ? - ? 9SU 2 .88%
2 B7f.. 83 2 .... 98% ; V) *
P-?-nn 7a 1930 Sinclair Con Va-Car Chein
1 ,.. .105% ? -.i cvt 7- s deb 7
6 ... .106% i;?2c, S ?
gold 6ias 7 . ... 98% *
l?3i 1 _98% 1 .
4 ... ?'T, &i 7 ....98% Es 1
7 - 103% 21 . , 88%
6s 1983 1 ... 98% Va Mld ?* ser
5 ...-93% 1 . . 98% ?. 1! i
17 _ 93% 1 . 18% 1 .... 93%
5 .... 97114 1 .... 91 "?-;,?i?-a.n RV
Sni 4-..?!36?;So Bel: T & T sa 1939
:? ....85% 6s 19 11 -, " ' ,?- ?
18 .... 85% 3 .... 93% 2 "?" 14??
15 .... S5% So Pac CVt 43 l ??1?
real eat 4a -923
1923 10 .... 86% Wab-j
lo .... 96-? 2 .... 86% lAoa
P^?> ?7aa 4 C 11 . .. 86% ?',' n3
o? C 5s 1947 2 .... 86 ^', e_* Vgxg
1 .... 88 rie 4s 1956 3 ?' -??/, j
Peor A E 1st S3 ... 84 West' ..
4s 194i> l .... ft.i-? j-^
2 .... 69% 21 - B4 A|?' 99
lnc 4a 1990 S . ... S4S, w M**r
2 ....23% - .. M H 4-1952
nUIip Ry 4. 0?,: 4. 1956 *? ??* ,?!;!
I-3' , ? .... i?** West s ho r; 4 3
10 ... 42 5 .... 78% '** -'" --
Harco Oil Sa So P Rico S ? - ??
1931 .?f N J 7a j .... ?-a
17 . .109 ' 19,,5 Wcal Un
Port F. T.? 4 7 ? 7.1, :9-?i?
P 7 "S 1945 i0 - !?6% ? 106%
[ .:. .101% - ? .95% 6 -106%
.100 Southern Ry ' s"- iJJ^*
, Por Klran Ata sa 1994 1 ? ''''
j Tob Ka V.141 jg ng 7 ....106%
5 . .102 13 ;.-? 9 . 7 08
Port Hy 5a -- 6 7--. 4'*?s J-??:'':,
: ? HO ts 1956 ' 10 ,
?2 y ?1 -... Westln? Elec
; P . d ?. Ref 9 . 81 7s 1921
. rjj ?s 1 8? % ' 5 ... .104%
5 .... 101 * "81 1
j Pub S o? N J 2 _ 81% Wilson Co lat
5a IT.;:? 6 .... 60% *a 1041
8 . .74 3 .... 80% 4 .. .84
l .... 74% 1 ... 60% I 1 .... ?4%
Reailln?* ??an ? ... 81 .2 . . . 94*.?
4S 1997 4-? Mo? 4 C? " ??? 04%
4 ....87% d'. 1938 cv ?s 1928
j R?p 1 4 Stl 2 .... 87 20 .... 86
t 5s 17'40 5 .... 88% 3 - - *5 'a
I -92 Stand OU Cal - ....85
1 - 91% 7:i 1351 2
; Rio (? W 1st v . . 105% Wlsconadn C
4s 11'39 4 . . , .195% 4s I3i0
74 y.
.10..-.
.?rr?
. 74% ? 7 . . 105' S ?s
1949 : -105% 193(1
.'5 2 5 .... 10 6 5 .
-
To flgure the preola? yield on a bor.'l lt
' is necessary ti use yield tables, but :be
? apprasi.nari yield can rouglily be figured
out by thi* following formula: Divide the
j ctosir.g quotation on a bon?5 Into tu? rate
i of the annual return.. If the bornl Is ?elling
: below par you n.uat alio? also for the
; appr-'ciatic.'i of th? "principal. To do thia
? subtract the market quotation from par,
? or 1OT. ai/d divide the remainder by the
' number ^,P.' :? e-irs the bond has to run be
fore maturity. For example, if a 6 per
I rent bond la seiltr.g at jo and has ten
j years to run, th*? annual return w . a
-;.?IC por cent. The difference between par
and the r.-.ar'ist price will be 10 points.
! dubtractlng ?9 fron 100. E'l-vidine ten
; points by ten years, the q?iot>ent will be 1
i This rljrure is to be added to ?i.?16, ? h;ch
, is th'i annual return, and *he result, 7 I*,
; per cant. **rilj ?iva you th? appr?jtir.-.^i-?
; yield.
Herrera Envoy? Ousted by
New Guatemalan Regime
SAX SALVADOR, Dec. 23 t By Tho
'Associated Press;.?Word was re
j ceived to-day that the new government
! of Guatemala, vhtsh recently over
?threw the Herrera regime, . bad can
\ celed the credential? of the Guate
? malan Ministers to the United States,
i Engtand, France, Spain, Mexico, Sal
j vador, Costa Rica and Honduras. A'.'
I these diplomat? were appointed by the
i Herrera government.
j FINANCIAL MEETINGS
::THE ANNI'AL MKETING o? the !Stt*?kho:.r
, ers of the Mayer Tank Manufacturuu
L'oir.pa*-.;*, Inc.. a corporation of the State of
' New York, will be held at the principal oft! -
?of the Company at No. 212 Ruaeell Btnei
Borough of Brooklyn, County of King? on
'. the 2rd day of January, 1922. at 2 ecu*
? P. M-. for thti transaction of any and all
business that may come before tne meeting
inciudimg f.ne election of a Board of Directora
| to htild offi?*e for the ensuing year.
iMtt?d, K?w York, December 34th, ?JSt.
?.OC13E MATKR, Secretary.
Wires of More Firms
Removed by Exchange
The Stock Exchange announced
-?Jay that additional wire con?
nections of non-member firma with
member firma had be??n removed,
due * of the
membe rs - furnish to r'v- ? -
tativea of the exchange certa:*.
formation to which it was entitled
in accordance with the terms of the
ajrreement signed by the son
memb:
The latest action of the exchange
authorities follows similar action
taken earlier :n the week in the
case of seven firms in Middle West?
ern cities. The tirms affected by
the order annout^ced yesterday were
.said to be located in Gra
Saginavr, Mich : To>co, Cleveland
and Columbus, '
Bid and A*ked
Foiiowing are the closing bid a.--*
asked quotations of stocks listed on
the Stock E??change ?t? which there
were no transactions yesterday:
Bid. a Wd
VI?!.* Elp - S
Ad Rumely pr ? S3 E?"-* & D M
Ail Am Cable. 104 lo p
Amal Bogar -<- Kraage ?
Km A? fh pr ?J STViKiefca
?? Bnk -? ? ?? ' ?j 57%L E 4 W pj ? .
(V B 8 * Pi 1*4 M HMTm v *?
do pr . " ? ,a ? ' ''??
A O 4 F pr. 114
t.Tj Chicle
Ail Coal
: Am Eipr? ?
Am lea pr.. o*"*
: Ain 7- France i*% 10 Mall?n?? -
. ai I/.*-> rr ?an fi igar pr -
Am Mai* & G 14% ' Manhat Beacb '--i " a
Am Sadi?. ' v; - 4
' Am Bnuff ....109 --
,lo pr ...ST
Am Tel 4 C- 54 - " " il**
A To pr now $,; "*** ' "
, Am Wh p-. B pr et 2 4
Ann Arbor .. 8 lo A
do pr . 29% : lay fl
' .-.-? Metals 13 JiSPA- I 8?
A T> G let pr 75 <8 - 81
lo --. pr "4 18 Mo? Po* pr 88 180
? . 1950 Mall?n? r?7 p.- ?
Atlaa rack ..? 8 Net Biscuit 123
Barnetl Lea v?t lx*?,i ri I >
.., r- .- ?- NTC&SL 1st
I Bamadall I - do . . -; '?
Batorrtla.-. M % %!* Y D
Beecii Creels 10 ?j S T '. * *'.
B Nul P -?- ?:? N
1 Be?.l; BtaeJ pr T1'1 91 *orf A W pi -
do 8 D& pr.105% 105*4
Bkn r. : -
Brown .--i: ??? vi i , ?? r
jo pr ' Qn pr
Bruu ride ... .S - -
BufT * Si;v.
do pr .. - - ?>* ?'>
Bums Bra pr.iea lia Pao Tel a
Tan Southen ?4 - )*? 1' A- R pr 78 ?*:%
Case 'If ' ? 54
Certalntee pr S3 S
do ..-? .
?2 ?' '? 4. - !. : . I :
to pr 'i
r; A p Pr - J
? Huit! Pea pr 86 -
Cent Can pr I0a ? Be i t
Crex Carp? 48%
Cu Am So pr t M
De Been ?.
Det Edlso tt "??? i ?*?? -
Del . RJt . ... - . t
D S S * A St
Du 'har? Bo
do pr ?* P 7i Bug ?
; E?f R ?
85
?-.--?.
I Falrbai ig s T 8
I F M ?t S pr. :w
I Fisher
i Flsh 11 ? ; ,
j Gen Cigar pr.101 102 1 rai ?
. -
GUI! ai
G M Je K pr 1" - .
Hartman C ,. - ? \
; Bandee Mfg . - - '
i 111 Cei .
? Tru IT;.- pr - . v
I M r 2(1 ? ? ?
! Bit Nlck? I' t? I ?
! Int Papi - k pr 44
I Sali * -... i
' ,!<?? * Bail Waal I
. Ki'fSAM pi Weal n
! Ka-rae i -. ' w ia
rio 1st pr 100 110 WooUrortli pr 7
ECaUjr Bpe pr 7- M, u- & M pr A 82 87
"> ? po ?i- r B_88 ?8
' Relee-* Wheel 5? H3 Wright Aero.. S*? 9
PROPOSALS
PROP" MB h
THE fLE1? El. VNi) \M* riTTSBrRt.II
HAII.ROAO COMPANY
77 ?. Ki.AND ? November SSUi. 1927.
i Sealed proposais for the amia of General
Mortgage Bonde of thla Compai
? of the sjinking Fund, a* not to exce>ed paran
accrued interest, to the amount of 185.020.00.
; -.ill be received at the office of ICeesi ?
ov, Lanier & ?_ompany. 59 Cedar Street.
\>\v York. N. V. to the cloae of bualness
December 21s:. 1S21. Proposals must lrd'
'laii ?eriea of lx>nds. "A," *'B." "C" or "D.
And alao. in th?? case of '.vrles "B," n-.<A?t
Indira"? ?he number o? hn-i's bearing cou?
pons for ?17.7.1 and for 822 V. each respec
lively. Bonda a'-'-eptM -7.!',1 be pal?! January
!rd, 1922, with Intarael ? i that ?la:e. at tha
office of M**=r.rs. Winalor.. I.ani?r & Ca.. aa
h.)Ov.' Ij" not pr????nt.ed n?i tiiat l,<y the right
la res??r- e J tu re.? I
3 1-. ? LOSS !"r?9 surer.
DrVTDEN O NOTICES
COSDEN AND COMPANY.
I >,., ?unber SI, IStl.
* a BoR-i of Dir-- - aien e.
Company h-ic. thla A* -eg
lar ? .:-?? i ?.n
one-half c:i'x ?62%. -.? pel g I"
com ? on .?i: r.ar ? . m
? (12 % par
ahare ,. ??< 0r
r?e pen ? ? .
Feftrua / , ?'
recoi a at . ?u? t
2r<l. Thti Sto?-:; hook?? open.
By order of the B"??.--) of 1 :--?--ore
!_
Gar?eld National Bank
rn am ?wr? -?s?i> ?r.
:?:i
-
dividend
an *-?u-;< : |?V upon the vu,
st'x-y kank. payable fre?
and St^'?- tax. ,n and after DveemlMl
1911, to !?'."*kiiol?iers of record at ta* cloae
I Of buainetts December ?7. l?2*
_ ..-,,. -.-unie-.-.
' THE GREENWICH BANK
Of tlM> tlty or New York.
Dei n -
At a luaaltwg of ?f Dtraetera
held thia
( and an axtr . a Ca
i Stock of thia Ba bared, pajead -
' and after Januar .rrs of
' recorl ?yn^^mlv-r
? ujnunD : P?TBW
B. B. ?I K KMi.HT IN? .
8? \?,
K??je '
?
*?r?,1 bv the Board of Directora upo? th*
Flrel -Pre/p-red Cap!'.< B. B. * ?S.
Knight. Inc., payabi* eg Janu?
*o First Preferred ? i at record
lek noon, Dc-'rabT 24. 18J1. Ttaa
j tranafer book? arttl not b<- cioeed.
i> :. ? mjox,

New-York tribune. [volume], December 24, 1921, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], December 24, 1921, Page 11, Image 11 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], December 24, 1921, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924