New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 03, 1922, Image 18

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New-York tribune. [volume], October 03, 1922, Page 18, Image 18
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New-York tribune. [volume] (New York [N.Y.]), 03 Oct. 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1922-10-03/ed-1/seq-18/>

Newspaper Page Text

T
The South's Answer
A virile spirit of progress is astir in the South, ?
aroused and sustained by the rapid development of
great natural resources. The South replies in posi?
tive terms, without reservation or apologies, to the
question about its achievements. In this twenty-year
record the figures tell a striking story of industrial
gains:
1920 1900
M'f'g Product?.$9,fcDO,000,000 $1,564,100,000
Petroleum, bbls. 254,230,000 17,102,000
P?S iron, ton?. 4,401,000 2,642,700
Phosphate, tons. 4,048,000 1,489,000
The conversion r^f raw material into marketable
goods has caused a sturdy growth of cities where
industry thrives. Safe and profitable investment is
provided in bonds issued to build new schools, new
streets and roads, office buildings, apartment houses
and hotels. We specialize in issues of these classes:
Southern Municipal Bonds, exempt from
Federal Income Tax,
Yield: 4.40% to 6%
First Mortgage Real Estate Bonds
secured by income-earning buildings,
Yield: 7%
CALDWELL&CO.
46 Cedar Street ~| New York City
Telephone John S12S
Nashville Chicago Detroit St. Louis
Cincmncti A'en> Orleans Knoxville Chattanooga
Birmingham '
IJr TO THE HOLDERS OF
Massey-Harris Company, Limited
and
Massey-Harris Harvester Company, inc.
Ten-year 8% Sinking Fund Gold Debenture
Bonds due October 15th, 1930
Nolice is hereby given that pursuant to Axticl? Four o? the Trust Agreement be?
tween Massey-Harris Company, Limited, Massey-Harris harvester Companv. Inc., and
United States MorltraKe and Trust Company, Trustee, dated October 16th, 1920, there
nave been called by lot tor payment on October 15th. ?922. at 102 %% of tho principal
?mount thereof with accrued interest, bonds of the above it-sue bearing Serial numbers
? ?? follows:
0002 023? 0663 0882 113? 1631 2115 247? ?919 3224 3732
0021 0253 0693 08S3 1142 1692 211? 252? 2920 3.116 S755
0026 0239 0602 0884 1144 1693 ?117 2527 2936 3317 8761
0029 0327 0<?S 0913 1157 1705 2149 2601 293? 3346 3760
?030 0331 0629 092* 1197 1736 2152 2655 2940 33S9 3761
0034 0334 06S6 0937 121? 1766 2174 268? 296? 3415 3778
0062 0340 0CS7 OS39 1311 1799 2176 2641 8915 3421 3779
4)063 034? 0691 0949 1223 1*17 2244 2645 2990 3425 2780
0084 0350 0693 0960 1268 1939 2247 2647 3016 3426 3810
0087 0369 0695 0951 1318 1940 2264 2661 3022 3427 3S27
0092 0363 0737 0961 1324 I960 2262 2654 3040 3459 3840
0096 0366 07411 096'i 1334 2000 2281 2655 3044 3493 3929
0104 036? 0752 9992 1380 2011 22,-2 2661 2034 2528 3920
? 107 0382 0755 0V93 ?4S8 201? 2301 2663 3111 S5S2 3943
C117 0393 t'786 0994 346 3 2019 2303 27SS 3115 3543 S944
0165 0426 0790 1000 1464 2023 2374 2770 3131 2647 3960
0171 0430 0791 1020 1465 2025 2376 278? 3138 3569
0174 0433 0793 1021 1469 2027 2386 2794 3144 3665
0196 0444 0816 1040 1470 2021 2410 2838 3145 3567
0203 0445 083? 1047 1513 2041 2413 2862 3169 3583
0231 0452 0859 1091 1633 2049 2433 2873 3186 3600
ft ~i*J2 0.121 0860 1112 1535 2059 2441 2894 8217 8663
?Z33 06.-,6 0SS1 1113 1612 2114 2442 ?912 3232 3699
Hili'ers of tuch bonds are -wc-uested to present same for payment with October
36th, 1?-22. and all sul ?er-ueiu coupon? attached, at the principal ofHc? of the United
8'ales Mortgage and Truat Company, 65 Cedar Street, Borough of Manhattan, Cltv o?
New Yo:k, N. Y., on October 15th, 1922. Interest on the said Bonds will cease on said
date, and any coupons lor Interest pertaining to any such bonys and maturing after
?aid da!? slial become and be null and void. '
Dated September 13th. 1922.
MASSEY-HARRIS COMPANY, LIMITED
and
MASSEY-HARRIS HARVESTER COMPANY, 3NC.
What Things Cost
Quotations are cash prices in primary markets
Commodity ?n? unit. Previous V 1920 rantre
FOODS? ^ Yesterday day. 11 ?ch. Low.
Wheat (No.v2 hard) bu. $1,23 $1.24 $3.50 $1.70
Corn (No. 2 yellow) bu.B2% ,82?4 2.313? .94'/2
Oaf? (No. 2 white) bu.51 .56 1.501 \ .60
Hour (spring put.) bbl. 6.75 . 6.75 16.25 9.00
Eecf (family) bbl. 14.50 14.50 ?3.C0 20.00
Fork (nie;,) bb!. ?6.50 26.00 4/.00 ?5.53
Susrar (Kramilated) lb.C62DQ.0C43 .C625 .?3 .08
C'c.Tre (No. 7 Hio) lb.10 1-16 .10 1-16 .1314 .OG'fe
butter (creamery, first) lb.36?.43 .36?.43 .71 .51'/2
V&?i (fresh, firit) doa.41(3.46 .4?c'--'-9 .S3 .42>a
TEXTILES?
Coiton (mldd".ne upland) lb.2045 .20C5 .43}4 .14'/a
I'rint clol?i (CO-in. 64-G4) yd.09?/8 .C9'/a .28 .07 i2
Silk (raw, Kcnsai No. 1) lb_ 7.95fe8.05 7.S0Q7.90 17.4i 5.00
Wool (fine MoiKar.a Beourod) lb. 1.20@1.30 1.20@1.30 2.CO .80
METALS?
Steel billets (PUtsburch) ton... 40.C3 40.00 65.00 43.00
Iron (No. 2s fdry., I'hiln.) ton.. 34.25 34.?* E3.5i? 33.00
Lead (spo!) lb .005 .066 .09i/2 .04'/a
Copper (?pot) lb.14 ,14 .19', ? .12'/2
'.m (Straits) lb.32 .32 .65U, 32
rU'B?FR, HIDES, ETC.?
Rubber (rib-smoked sheets) lb... .1514 .15'/a , .54'/2 .151/2
Hides (calfskin.-., city) 9 to 12 I OS. 3.20 3.20 13.50 2.10
Crude oil (Pennsylvania) bbl... S.OO COO 6.10 .5.CO
Coal (furnace-) ton. 13.25 , 13.C5 13.75 14.00
Cotton Holds Part
Of Cains Despile
Selling Pressure
Substantial Por lion of
Sales Appears !o Come
From the South; Close Is
7 to 20 Points Net Higher
An opening advance of approximately
half a cent on the better Near Eastern
news and higher Liverpool cables met
heavy selling in the cotton market to?
day. A good part of the pressure ap?
peared to come from the South, and
after sellin!*; at 20.90c at the opening
December broke to 20.50c in the late
trading. It closed at that price, with
the general market closing easy at a
net advance of 7 to 20 points.
Fresh buying on the higher Liverpool
cables and the more general hope of n
peaceful settlement of the Near Eastern
dispute wen? probably restricted by the
proximity of th<- two government reports
which are scheduled lor publication this
morning. There was a good deal of cov?
ering by early sellers at the Btart, also con?
siderable trade or commission house buy?
ing, but it was supplied at the opening
advance of 49 to 59 points, With the South
reported a heavy seller.
Two more private crop reports were
issued, one of them making t'nu oondltlon
52.5 and thi indicated yield 10,533,000
bales, while the other made the condition
50. A canvass of the local trade resulted
in guesses by eighty-one members of the
exchange as to the probable showing of
the government report this morning, point?
ing to a condition of 50.1. Opinions ex?
pressed yesterday as to the probable know?
ing of the ginning figures ranged from
3,7tio.ono to 4,000.000, with tho average
favoring the larger figure.
Very favorable weather for picking anil
marketing was reported In tho South over
the week end, but tho indication was for
showers or rather unsettled conditions.
Private cables Bald the Liverpool market
was higher on covering by short a and a
better but mod?late t.-ade oemand. South?
ern spot markets us officially reporl id
were 25 points lower to 19 points high?:-,
with miudiing quotations ranging nom
19.26 up to ?.0.75.
The local market for spot cotton was
steady and 10 pointa higher at 20.4.5c. -No
salts were reported.
'ihe rahge of prices:
Sat.
Open. High. L<>w. Close. close.
Oct. 2o.t?j 20.05 20.18 20.20??? 20.12
Nov.... ..-???- - ?? ??0.30 IQ)-20.20
Dec... 20.90 20.90 20.50 20. 50 ? 20.57 20.10
Jan.... 20.80 Z0.82 ?Hi.'til 20.33 ?<i -.'0.42 B0.26
Feb....-20.30KI)-20.2'J
March. 20.SS 20.SB 20.40 20.40(0)20.47 20.33
April...-?-2U.37?-20.25
Mav... 20.76 20.78 20.25 20.35 ? 20.42 20.2,"?
Juno... ?? - .- 20..28???? 20,10
July_ 20.57 20.57 20.22 20.22',y?~? 20.02
Southern Spot Markets?Qalveston steady,
unchanged iu 20c; sales, 2000 bales! New
Orleans steady, ?'S points lower at 20c;
sales, i,7i4 buies. Mobile quiet, unchanged
at 10.35c; sales, 93 bales. Savannah steady,
10 punas higher at 20.25c; sales, nil'.
Norfolk steadyi 12 points higher at 20.25c;
sales, 485 bales. Augusta steady, un?
changed at 20.38c; sales, 125 bales. Mem?
phis steady, unchanged at 20.25c; sui.'S,
1.S50 bales. Houston steady, 15 points
higher at 19.90c; pales, 7,489 bales. Little
Hock steady, unchanged at 20c; sales,
4,422 bales, llallas steady, 10 point.-;
higher at 19.30c; sales, 10,952 bales. Mont
iron:? ry firm, 19 pointa higher at 19.31c;
baits', 3 25 bales. b
Cotton Statistics
Tester- Last Last
day. weei-;. year.
Fort receipts. 35,tissa 81,619 01,193
Exports . 68,505 8,410 54,348
Kxports season... 702,933 488,319 940,727
New York stocka. 03,012 07,162 140,945
Fort stocks. 644,(584 009,700 1,420,413
Interior roceipls.. 74,485 G2.95S 39,054
Interior shipment? 46,304 31,234 26,120
N. Y. arrivals_ 57 0,792 933
Liverpool Cables?Spot cotton In limited
demand at 32 points advance; middling,
12.57d. Sales, C.O0O bales; American, 5,000
bales. Imports, 22,000 baleB; American, 10.
100 bales. Futures were dua 10 to 15 points
lower; they opened strong at 10 to 26
points advance and closed quiet at a not
advance of 9 to 15 polnt3. Closing prices:
October, 12.15d; December, 12.97d; Janu?
ary, 11.92d; March, 11.82d; May, I1.70d;
July, 11.56d. Manchester?Yarns, quiet and
firm; cloths, moro doing. The 10:30 a. m.
bids follow: October, 20.04d; December,
20.83d; January, 20.72d; March, 20.82d;
July, 20.65d.
Cottonseed. Oil
Th? cottonseed oil market showed ear'.v
firmness on strength In lard and cotton
and eortinued light offerings of crude. It
reacted, however. In the afternoon under
realizing a**sjd a lack of outside buying
power and closed 1 point lower to 7 net
higher, with sales of 8.000 barrels.
Tho range of prices:
? Sat.
Open. High. Low. Close. close.
Oct..'.'.''. 8.68 8.67 8.55 8.69? 8.CO 8 52
Nov. 8.08 8.08 8.OS 8.07? 8.41 8.03
Pec. 8.08 8.12 8.07 8.OK? 8.08 8.02
Jan. 8.09 8.12 8.09 8.05? 8.07 8.02
Fob. - - - 8.07? 8.10 8.04
Mar- 8.23 8.23 8.19 8.16? 8.18 8.1?
Apr. ?- -?- 8.15? 8.28 8.16
May- 8.39 8.39 8.39 8.36? 8.40 8 31
--,**
Sugar and Coffee
Raw Sugnr Futures?Reflecting the frac?
tional advance In raw sugar and higher
prices established for granulated, futures
advanced 5 to 8 points on the call, sold
9 to 11 points net higher, fully discounting
the firmer spot market. The market closed
8 to 10 points net higher on estimated
sales of 16,000 tons. Wall Street,? the West
and sugar houses were the principal buy?
ers, with Wall Street disposed to take
profits on the bulge.
The range of prices:
July- 3.50 3.50 3.60 3.50? 3.52 3.41
Coffee I'utures?The range of prices:
Sat.
Open. High. Low. Close, close.
October. ??-8.95 9.01
November....- 9.02 9.08
December.... 9.15 9.17 9.12 9.10 9.16
January.-9.12 917
February.- 8,13 9.I8
March. 9.18 9.20 0.14 9.14 9 IS
April.-9.14 9.18
May. 9.17 9.20 9.15 9.14 9.18
June.- - 9.09 fl.10
July. 9.05 9.10 9.05 9.04 9.02
August. --8.96 goo
September- 8.98 8.98 8.87 8.87 8.98
Paris Market Improv?ed
PARIS, Oct. 2.?Prices improved on
the Bourse to-day. Three per cent
rentes 59 francs 50 centimes. Exchange
on London 57 francs 95 centimes, Five
per cent loan 76 francs 75 ceentimes.
The dollar wa3 quoted at 13 francs 17Vi
centimes.
London Metal Market
LONDON, Oct. 2.?Standard copper,
spot, ?63 15s; futures, ?64 7s 6d;
*TOC?n? yt?f*' Bp0t' ?71 10s: atures,
Sat,V Iin' -spotV ?164 10s: atures,
? S s '&? ~eod' 8Pot' *u 12s 6d:
Wheat Prices Fall
On Be tier Outlook
in the Near East
Something of a Selling Stain
pede as Market Opens;
Closing Quotations Are
1 to 1 Vi Ce??s Net Lower
CHICAGO, Oct. 2.?Wheat prices fe?i
to-day as a result of stoopape of war?
like moves at the Dardanelles. The
market closed easy, lc to l%c net
? lower. Oats finished Vsc off to ;?i', a
^?c up, and provisions unchanged to 7c
higher.
There was something of a Billing stam?
pede in the wheat market ?is soon ?? busi?
ness bogan, news at hand from Constan?
tinople showing a nearly complete rever?
sal from tho threatening outlook Saturday.
After values had dropped about 2c a
bushel, howjpver, it beca no apparent that
good-sized buying orders were waiting
around $1.04 for llio December delivery.
As this was tho third time ultliln a week
that similar support for Cie market had
unfolded at the samo level, the rush .to
sell was soon curbed and a moderate re?
action ensued.
Notice that the amount of wheat on
ocean passage had increased koo.OOO bush?
ed fn- the v ? ok was o.Tsei by the fact th?t
the VnlUil States Visible supply showed bu!
:ii!i,. enlargement and thai exporters were
bidding 1 cent r I l-s tel m?ro i 'mn on
Saturday tor wheat at potts on the Qulf of
Ml XiCO
Bullish estimates of the 1022 yield of
co-ii were chiefly responsible for the
strencth displayed by corn and oats.
Scarcity of offerings gave an upward Blant
to tho provision market.
Grain Prices
VTtical
Yesterday's Previous Year
close. o'.cs ?. aro,
O. C hard. . . $1.23 $1.24 $1.27 M
Chicago? Range of prices:
Prev.
Open. High. Low. Close, close.
~e. 1.11-1 U 1.04% 1.04 1.04% 1.05"^
May. 1.07U 1.08 1.0/ 1.07% I.M',i
Corn
Yesterday's Pro?
close.
>. 2 yellow. .$0.83%
Chicago:
September . . . .62 ' (
Decembor .59%
May .62
Oats
Yesterday'*
close.
No. 2 white. .$0.61
September ... .41 N
December.37' <
May .38%
15 ye
Yesterday'
'?ios.
No. 2 white f.o.b.$0:8014 $0.86
Flour and Meal
Yesterday's Previous Year
cio.*e. - losi . itno.
Spgpt.$6.E0@$7.00 $6.00?.?:.00 $7.90?$S.40
v.. .ai 1.92? 2.00 1.112 ??/? 2.00 1.75? 1.?0
Rye... 4.-.5'/> r,.00 4.76? .'..0.1 6.50? 6.75
Bran.. 27.00(1.1 28.50 27.00@38.60 24.00? -
Country Produce
Putter?-Receipts were 0.285 packages.
Creamery, higher than extras, Ib., 44V4?
46c; extras, 1?2 score, 44c; firsts, 36@43c;
seconds. 3;iVi@35c; lower grades, 32?33c;
centralized cars, !I0 score, 37 ?A @38c; 8*J
score, 36@36%e; 8S score. 36&@36%c; 85
to 87 score. 34@35c; unsalted, higher than
extra?, 46% ?46%c; extras, 1)2 score, 44 V??
46c: firsts, 37?43>?c; seconds, 34V4?36c;
lower grades, 33@34o; state dairy tubs,
tinest, 42@43o; good to prime, 3S@41vo;
common to fair, 30?37c; ladles, current
make, extras, 31?32c; llrsts, 29?29%o;
seconds, 28@28 '?c; lower grades, 26?
27 V4c;-packlng slock, current make. No, I,
28%c; 2>*o. 2, 27>/jc; lower grades, 25@27c.
Clieetji??Receipts were 1,641 boxes. New
York State flats, June, specials, 24V4?
25c; average run, 23 '/i ? 24o; New York
State flats, fresh specials, 24V4?25c; aver?
age run, 24c; twins, fresh white specials,
24c; Wisconsin, double Daisies, 23c; single
Daisies, 22?23'.{?c; Young Americas, 23?
23 He.
Eirgs?Receipts wero 7,137 cases. Fresh
gathered, extras, dozen, 62@54c? extra
firsts. 47@50c; firsts, 41?45c; seconds
and poorer, 23?39c; trade eggs, 24?27c;
dirties. No. :, 25?20c; No. 2 and poorer.
20?24c; checks, ]jooi- to choice, dry, 19?
23c; Refrigerator, extra firsts, charges paid
to expiring dates, 81@32c; firsts, 28%@
SOc; seconds and poorer, 23?28c; rcfrlgor
ator checks, local candling, 18?20c;
whites, nearby, 32041c; Pacific coast, 32?
41c; other AVestem, 30?35c; fresh. New
Jersey, hennery whites, uncandled, extras,
'70076c; nearby hennery whites, extras,
local candled, 73@-75c; nearby and nearby
Western hennery whites, average extras,
66@70c; extra firsts, 62@66c; firsts, 65?
60c; nearby gathered whites, firsts to
extra firsts, 55((?63c; under grades, 40?
-)3c; pullets eggs, 40?56c; Pacific Coast,
whites, extrac, 65?66c; extra firsts, 60?
64c; firsts, 56@58c; mediums, 48?56c;
pullets, 40?45c; other "Western, and South?
ern, gathered whiles, 42?56c; nearby and
nearby "Western hennery browns, 54?68c.
Potatoes?New Jersey, cobblers, sack,
$1.40?$1.C0; giants, $1.20? $1.86 ; No. 2s.
60060c; Dong Island, 165 lbB., $2.25?
2.40; 160 lbs., $2?$2.15; No. 2s, $1@$1.25;
sweets, New Jersey, bsl;., 35c?$1; Eastern
states, bbl., $1.26@$1.76; Delawaro and
Maryland, bsk., 30?70c.
Livestock, Meats, Provisions
Yesterday. Year ago.
Steers, fair to
prime, 100 lbs. *$8.00@10,iS
Dressed beef,
sides, lb.10? .19
Live veals, com?
mon to prime,
| 100 lbs. 9.00@15.00
I Dressed veal, city
lb.13? .24
Live ewes, 100
lbs. 3.50? 6.00
Dressed wethers,
lb. :.15? .16
Dressed mutton,
city, lb.08? .14
Live lambs, fair
to prime, 100
lbs. II .0O(?7)13.75- 7.50? 9.00
Dressed lambs,
city, lb.16? .28 .15? .21
Hogs, 100 lbs... 10.25@11.15 8.76? 3.25
Dressed hogs, ba?
con, lb.16?.16^ .141', ?.14-li
Pork, bbl. 28.00039.00 25.00?25.50
Mess beef. bbl... 14,00016.00 12.00?14.00
L a r d. M i d d 1 e
West, 100 lbs.. 11.95@12.05 10.50?10.60
Stocks Ex Dividend
Date. Kam?. p c
Oct. 10?Alliance Realty Co,. 2
Oct. 11?Am Coal Co of Allegheny Co.. 1
Oct. 6?American Ice Co. 1114
Oct. 6? do pf . j i?
Oct. 14?American Shipbuilding Co.... 2
Oct. 14? do pf. 1%
Oct. 14?Associated Dry Gods Corp... 1
Oct. 14?British Empire Stial Corp.,
Ltd, 1st 73> pf, ser "R. 1 &?
Oct. 14?Chicago Pneumatic Tool Co... 1
Oct.. 3?Cosden &. Co. 1
Oct. 7?Del. Lack & West R R On_ 1%
Oct. a?Dome Mines Co, Ltd. %
Oct. 10?DuPont l>e Nemoura ff< Co
(B I) deb. 1U,
Oct. 9?General Motors Corp, pf . . - y.
Oct. 9? do (trr ,leb. j ix
Oct. 9? do 7% deb. " j a
Oct. 10?Harbison-Waiker Ref Co, pf. , 1 u.
Oct. 6?International Paper Co, pf_1 U
Oct. ?? do stpd, pf. ]i4
Oct. 3?Peoples' Gas Light & Coke Co. 1H
Oct. 2?Philadelphia Co. ?
Oct. 14?Sinclair Consol Oil Corp......' ?
Oct. 14?Sterling Products, )nc. %
Oct. 6?Union Bag ?St Paper Corp_'. lix
Oct. 6?U S Smelt, Ref & win Co, pf.. V
?at. i?~-Western Pacifie R R Corp, pf? 1
Bid and Asked
following are the closing bid ?rM
asked quotations of stocks listed on
the Stock Exchango in whi-v thcr?
?/era no transactions yesterday:
Bid. Asked."
Ad Bumely pr ">4 58
Alb & Sus..180 200
Al leg Weit...100% ?
All Am faille. 117% 119
Alll Realty .. 71
10
Araal Sugar..
Am Rnk Note 70
do pr . 52
A H S & Fy. 77
do pr .110
A U & F pr.121
Am Chicle pr 20
Am Coal _65
Am Cot Oil pr B3
A Linseed pr. 50
Am Malt & O ?
Am Metal pr.109% 11. _ ..
Am Radia pr.119 ? Man Kiev ... 52
Am B&Kpt 09% 100% Man Sl?rt pr.104%
do pr A_97 97%|Mar St By
Am Rnuff pr.100 110
Am St Fy pr..l03 105
Am Tel ft C. 03 65
A W W 6 pr. 46% 49
do J pc pr. 8? 91
Am Wh pr... 00 92
21
48
120
120
... Bid. Asked
Rresge pr , ,.X12
Kook ft D M. 4
do pr . 20
Kress ft Co.. 80
do pr .los
B ft W pr 75 ,,
Llgg & M pr. 119% 122
, do B .211 225
u-\V B 1st pr.lfll 102
do 2d p.'... 116 110
Lorillard pr..iio mo
"ai-kay Cos... 97 100
, do pr . ?9 uni,
. Mae T 2d pr.. 83 85
57V4 Mallinson pr.. (10 02
% Man Sugar pr. 80
Manhat Beach
Ann Arbor .. 16
do pr . 43
Art Metals... 14% 15%
Asseta Bl Co. 1%
A D O 2d pr 89
Atlantlo Pet.. 23 23%
Atlan nef pr.115 118
Atlas Powder. 140 150
do pr .91 95
Atlas Tack .. 10% 17
Auto Bales Co 2% 3%
do pr . 11
Bald Loco pr.116
Darnot Lea... 5:>
do pr . 90 ?i
Barnsdall I?. ..28 ?7
llayuk Bros... 56 60
do pr .....118 122
Boech Creek... 88 ?
B Nut P pr.101 ?
B S 8 pe pr.lU% 115
00 B . 72% 72%
Br Euip St... 12
do 1st pr... 71
do 2d pr... 33
Brown Sh pr 07
Brunswick ... 2%
Buff 11 ft P. 72 ?
do pr .8? 91
BiilT & Sus.. 71% 90
do pr . 50 55
Burns Brs pr. 97% 100
do prior p. 110 IIS
Bush Term... ?
do pr . 06
Can Southern. 53
Carson IUU... ?
Cue J I pr.. 90
Caso Plow .-v. 4%
12%
118
12%
34
?8%
100
?7%
55
10
91%
5 y?
l'IOW .... 4
Ceil BU N .r.fiSO
Certain lit pr ? 07
O 8 P M ft O 85 87
Cl & Pitts.. 70 ?
O'luett Pua... 60 65
do pr . 97% 102
C ft S 1st pr 62% c:i
do 2d pr... 88% 59
Con Cigar pr 78 9'-*
Con Bist ... %
(>m Gaa Bait ? 119
Cont Can pr.106 ??
C P & u pr.118 122
Cre? Carpet. ..26 35
Duero Co pr.. 73 75
Det II ft Sw. 67 ?
Dot Mack ..25 90
do pr .40 ?
Det Un RB.. 66% ?
Diamond M.!l?5% 106%| do lit pr..
D S R ft A.. _
do pr . 5 6
East Kod pr.108 ?
Klklliirn Coal. 19% 20
do pr . 37% 40
Em Brant .. 7
do pr . 35
Erie ft Pitts.. 54% -
Fc?l M ft 8. 12% 1
1? Pr . 58% ?0% IShat Ariz
FUlier By pr.110
Ms B Oh pr 92
lit!
i?%
4.'I
3
(iaston Wms.. %
tin Asphalt pr 02
?en Bilking. .123 132
do pr .105 111
Gen Cigar pr.103 108
do pr deb. 102 107
O M 6 dob.. 83% 84%
Gllllland O pr 40 65
Gulf M ft N. 15
do pr .40
TTaliirahaw El. 1%
Hack Wat ..17 ?
-Helmo O W.,!05 ?
do pr .107 ?
III Cen pr w i.112% 113%
Indian Ruf... 8' 8%
do pr .68 ?
Int Cement... 30% 30%
Int G N w 1 23% 24%
Int Nickel pr 81 82%
Int Paper pr. 85 100
do pr gtpd. 77
Int Salt .... 70
Iowa Central. 4
Jewel Tea pr. 63
?loi ft East.. 85% 86%
KCFS&M pr.. 67 67%
Kaysor 1st pr.101 J02
Kelsey Wh pr 0? loo
Kelly Spr ?r. 81 84
82
1%
52 to
- 7% 7%
2? PJ .85% 41%
do 2d pr... 21 22%
|Mat Al W... 40
Max Motor et. S
do 1st pr ct 5
do 2d pr ot 1
May De St pr.110
Mex Pet pr.. 08
Mich Central. 230
MSPASBM pr 84
do lsd lines. 65
M K ft Tpr.. 13
Mont Pow pr.108
Morris ft E?. 77%
Mullins By pr ? 95
|Nash ft Chat. 115 125
Nash Motor. .475
.do pr .105
Nat Bla pr. .123
N C ft S pr. 95
N E ft s pr. 98
S3* I*ad pr.H3
NRR M 1st pr 8% ..
NYC&SL 1st.. 99 1011*4
do 2d pr... 88 88
N Y Dock pr 55
N Y Harlem. .109
N Falls pri pr.107
|.Norf ft w pr 75
Nor Cent ... 71
No Scot Steel 83
Ohio Fuel .. 60
Ont Stiver .. 7%
Orph Ciro pr. 90 100
Otis Eleva pr.102% ?
Otis Steel pr. 55 65A:
Owens Bot pr.104% ?
Paclflc Coast.. 10 18
do 1st pr... 37 43
do 2d pr... 16
Pacido Dovol.. 4%
jPaciflo Mall.. 13
Pao Toi ft T. 55
Pan P C B. 6
p^ ?'??????? 9ifl w
Par & Blng.. 10% n
Pcnncy J C pr 93
Peor?a ft E.. 19 ?0
Pcre ?far pr 72 73
do prior pr. 77
Petti Mulll... ?
do pr .
Phil Jones ....
1 do pr .85
% Pitta Coal pr. 09
V V W ft C.125
do pr .138
P & W Va pr 00
Pr 8t Car pr.102
Kys Sec .... 70
Ry St Spr pr.110
Reis ft Co..
do 1st pr..
Bern Typo
47
115
?7%
??
69
15
109%
500
110
124%
100
104
117
00
83
83
64%
?7
7
79
? 115
100
91
105
73
117
15% 18%
63 78
34% 35
88 90
68
79
do 2d pr.
.Hens ft Sar.121% ?
Uteyn' Spg _ 18 27
[Biyn Tob ... 79% 85
, do pr .116*4 117
7%|Rutland B pr. 34 45
Heali A L... 0% 7
do pr . 10% 10%
Sears Roe pr.106% 110
8%
Shall T ft T 38% 38%
93% B-S S ft I pr 70
77%
65
% S P B Hu pr. 90 105
Splcer M pr.. 90% 93
SUiel Tube pr 80 83%
Stern B 8 pr. 99 102
Studebaker pr.115 118
'Sup Steel .. 81 32
do pr ..... 90 ? '
,8un Oil pr.. 98 68%
Temtor A ... % ??
T ft P id t?.340 400
Third Av BB. 20% 21
Tidewater OR. 142% 145
TSL& W ctfs 68 70
do pr ctfs.. 57% 58
Trans ft W S 32 37
T C It T pr. 90 ?
Underwood T.113
do pr .HI
L'n Tank _112
do pr .110 .?
TJn Alley St.. 87% 38
Un Cigar St. .130 ISO
do pr .....112 118
Un Ry Invest. 13% 14
?do pr . 90% 31%
U S Hoff M. 20% 2l?
B 8 I Al pr 96%
U S S ft B pr 48
U S Tob _54% 60
do pr .m
152%
119
116%
112
48%
do ? po -"tr.100% 102%iV JUm-J?'it 05 iff
New iSBU?
$6,132,000
The Ohio Power Company
First and Refunding Mortgage 5% Gold Bonds
SERIES B
Dated July 1,1922 Due July 1,195?
Coupon bonds of $1,000, $500 and $100 wtili provision for registration of principal. Coupon bonds of $1,000, ?changeable
f ,r fully registered bonds. Principal and interest payable in N,~w York City. Interest payable January 1 and July 1. Oat
standing: Series A 7% Bonds $10,000,000; Series B 5% Bonds including this issue, $6,132,500. Redeemable asa whole or in
part on any interest date on four weeks' notice at 105 and interest, on or before July 1, 1927; at 104 and interest in the next
fiv# years; at 103 and interest in the next five years; at 102 and interest in the next five years; at 101 and interest in the next
five years, and at 100i/2 and interest thereafter prior to maturity.
The Company aeree? to pay interest without deduction for the Federal Normal Income Tax up to 2%
The Pennsylvania Four-Mill Tax Refunded
CENTRAL UNION TRUST COMPANY OK NEW YORK, TRUSTEE
The fo!low(n? information is summarized from a letter to us from Mr. R. E. Breed, President of Tha
Ohio Power Company and of the American Gas and Electric Company:
The Ohio Power Company owns and operates large electric power and l'rght generating and distributing systems in
important manufacturing and mining sections of Ohio. Its transmission and distributing lines, amounting to over
1,345 miles, serve communities having a total population of approximately 375,000 and including 75 cities and
towns, among which are Canton, Newark, Bucyrus, Steubenville, East Liverpool and the Wheeling district west of
the Ohio River.
The main power stat:cn, located at Windsor near Wheerng, West Virginia, is one of the largest steam generating
plants-in the United States and has its own coal mine immediately adjacent.
The First and Refunding Bonds are recured by a direct mortgage hen on the entire property of the Company con?
servatively appraised at over $30,000,000. The mortgage isa first lien on a substantial part of this property and
on the balance is subject to only $2,540,000 prior tonds outstanding under closed mortgages, which must be paid
at maturity and not extended.
Gross and net revenues after taxes, maintenance and depreciation charges have been as follows for the three years
ended August 31:
1922 1921 1920
Gross Revenues $8,048,270 $8,154,096 $6,818,089
Net Revenues 3,247,395 2,939,614 2,226,938
Annual interest charges on funded debt, including the Series B Bonds now being issued, amount to only $1,133;625.
Net revenues for the year ended August 31, 1922, available for bond interest are in excess of 2H times this amount.
The American Gas and Electric Company, which is closely identified with General Electric Company interests,
owns the entire common stock of The Ohio Power Company.
We offer these bonds for delivery when, as and if issued and received by us, subject to the approval of otir counsel.
It is expected that Dillon, Redd & Co. interim receipts or temporary bonds of the Company will
bo ready for delivery on or about October 10, 1922
Price 93Vi> and Accrued Interest. To Net About 5.45%
Further information is contained in out circular which may be had on request
Dillon, Read & Co.
Lee, Higginson & Co. Continental and Commercial
Trust & Savings Bank
The information contained in this advertisement has been obtained from sources which we consider reliable.
While not guaranteed, it is accepted by us as accurate.
A Word of Welcome
IN welcoming the delegates to the
American Bankers' Association Con?
vention, the officials of the Bank of the
Manhattan Company think it may be of
interest to recall the nation-wide con?
tacts of this Bank, many extending
over a period of more than a hundred
years.
The Bank of the Manhattan Com?
pany was founded in 1799.
Even as early as 1805, when the most
rapid means of transportation was by
stage coach, making less than 50 miles
a day, the Bank had already established
connections with banks in Philadelphia,
Albany, Hartford, Newark,Trenton and
other large cities.
As the country developed and new
methods of communication and trans?
portation appeared, relations with banks
in points at ever greater distances were
established, until today its contacts arc
to be found in every part of the nation
and abroad as well.
In full confidence of the great mutual
benefits to be derived bythe discussion
of urgent problems at the Convention
now opening, we join with all New York
banks in extending sincere greetings to
the bankers of America.
Bank of the M anhatta*n Company
CHARTERED
'799
Viee-Prtiidents
?AME3 McNeil
I. D. Forster
Harry T. Hall
Edwin S. Laffey
P. A. Rowley
D. H. PlERSON
Frank L. Hilton
V. W. Smith
John Stewart Baker
Vict-Pres. and Cashier
O. E. Paynter
40 Wall Street, ZJ\Qw York
O F F 1C EI^S
STEPHEN BAKER RAYMOND E. JONES
'President First Vice-President
Uftown Oftick?31 Union Square, New York
Brooklyn Offices?St. Johns Place, Cyprus Hills, Liberty A-sienut
Queens Borough OrricES?Jamaica, Flushing, Long Island City, Far
Rockaivay, Rock?tvay Park, Rockatvay Beach, Seaside, Omens Park, Jack?
son Heights, Richmond Hill, Elmhurst, Maspeth, Corona, College
Point, Woodhaven, Brooklyn Manor, Ridgewood, Fresh Pen?
Capital $5,000,000
Surplus and Undivided Profits, $17,277,459.35
A i ft Catnips
W. F. Moor?
I. S. Gregory
H. M. B?cxtiN
W. A. Rush
Geo. S. Downing
E. S. Macoonald
O. G. Alexander
C. W. Cam?
D. W. Ketcham
W. S. Milan
Ellis Weston
W. L. Hopkin?
Bid. Astti'tl
Ta Car Chem 26% 27
do pr .64% '65
do B . 17% 20
Va B * P pr 68% ??
Va 1 C ft 0 58 51
do pr .80 ?
Bid. Aeked.
Wcst'se M pr. 70% 74
Wilson *-*o pr. SS 95
Wis Central.. 29% 31
Woolworth pr.124% 125
WP & M pr A 8C% 89
do pr B.... 70% 71-?
American Shipbuilding
The American Shipbuilding Company
report for the year ended June 30,1022,
showed a surplus of $1,490,446, after
charges, depreciation and federal taxes,
equivalent after preferred dividends to
WIM ? ?bar? on the $14,714,400 common
stock. This compares with a surplus of
$577,829, or 32 cents a share on $7,~
600,000 common outstanding in the
previous year.
Cluett, Peabody Report
The income, account ot Cluett/ Pea
body & Co., Inc., and subsidiaries ]
for the six months ended June 30, 1922,
showed net profits of $1,407,074 after
changes, taxes and depreciation,
equivalent after preferred dividends
to $6.17 a share earned on the $18,
000,000 outstanding common stock.
J.K.Rice, Jr.& Co. WIM Sefl
Kings Co. Ltg. &
8% Cum. Preferred
Circular on Application
J.K.Rice.Jr.&Cfe
Phone? 4000 to 4010 John. 36 W*!!^?,^?

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New-York tribune. [volume], October 03, 1922, Page 18, Image 18
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924