New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 04, 1922, Image 19

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New-York tribune. [volume], October 04, 1922, Page 19, Image 19
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 04 Oct. 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1922-10-04/ed-1/seq-19/>

Newspaper Page Text

Established 1865
57 YEARS AGO
AT the close of the Civil War, the firm
/\ of Hambleton?z Co. was established
in Baltimore, Maryland.
Today, we have offices in Baltimore, New
York,'Philadelphia, Washington and other
important centers,?each equipped to ren?
der a complete investment service and in?
terlinked with the organization as a whole
by private telephone lines.
We particularly invite Bank business on
the basis of a complete service which has
been developed by more than half a cen?
tury of sound investment practice and
which has proved highly satisfactory to a
large number of Banks and Banking In?
stitutions throughout the United States.
During the Convention of the
American Bankers' Association
Delegates and their friends are invited to make
u??ot the conveniences afforded by our quar?
ters in the
HOTEL COMMODORE
They arc also cordially invited to visit our
New York Office, 43 Exchange Place, when
in the Financial District, and to make use of
the facilities of our organisation.
Telephone: 7120 Hanover
43
Philade
e Place,NewYork
ia BALTIMORE Washington
iComr
m
B? S
??'i:
^?O
THE CANADIAN BANK
OF COMMERCE main?
tains 520 branches mainly
throughout the Dominion of
Canada and Newfoundland.
These widely distributed branches enable
this bank to orfer unexcelled facilities
for handling Canadian collections, and
for the transfer of funds between the
United ' States and Canada.
This institution also has branches in London
(England), Mexico City. Havana, Kingston
(Jamaica), Rio de Janeiro, Bridgetown (Barba?
dos), Port of Spain, Saa Fernando (Trinidad),
St. Pierre et Miquelon, as well as correspondents
in other important world markets.
Our New York Agency will ba pleaded to answer
inquiries regarding this 32rvic2, or to supply
authentic information about Canadian business
conditions, activities or possibilities.
THE CANADIAN BANK
OF COMMERCE
CAPITAL, $15,000.000 RESERVE, $15,000,000
New York Agency, 16 .Exchange Place
Agents -F. 8. Francis. C. L. Foster, C. J. Stephenson
Hr-ad Office-Toronto, Canada.
Direct Italian Service
for American Bankers
AMERICAN BANKERS are
brought into close contact
w?th all the most important Italian
commercial centers through the
New York Agency of the Banca
Commerciale Italiana. This bank,
the largest financial institution in
Italy, also maintains extensive for?
eign connections, especially through
m affiliated institutions covering
all countries in South America,
"'siting bankers are cordially in
8**d to call at our New York
Agency and become personally ac
?Ha??ed. with this far-reachinj or?
ganization.
Bcanca Commercialeltaliana
NEW YORK AGENCY. 62-15* WILLIAM STHLET
?lOVANXl COSTA. Agent,
Head Office, MILAN, ITALY
.'"??Uce.Jr.&C?.Buy^Sell
?Victor Talking
'achine Stock
Rice, Jr. & Co.
36 Wall St.. N. T.
I ^Becomes Chairman i
^S?r^Surety Company!
*? Hui?. . hirty >'ears ?' service in '
10iw Surety Company, of New |
.-,-,-,
? York, President William B. Joyce ac
? cepted yesterday the chairmanship of
the company. The position was cre?
ated for him, partly as an honor and
"partly to free him from the great de?
tail work involved in the presidency.
Mr. Joyce will continue actively to
guide the company's policies as rank?
ing officer.
He will be succeeded as. president by
E. A. St. John, who has been the Na?
tional Surety Company's vice-president
and assistant to the president since
1916.
Directors voted to increase the cap?
ital of the company from $5,000,000 to
?7,6C0,000.
Upturn in Prices
On the Curb Led
By Standard Oils
New York Shares Advance to
New Ui?h Record at 577;
Vacuiur. Stock Touches
New Top for This Year
Standard Oil shnrnn featured tin up?
turn in price on the curb market yes?
terday, independents participated in
the better tone, and industrials, ai
though quiet, were well supported and
in fairly good demand.
Standard Oil of New York shares ad
viinced to a new high record at 577,
but pro?t taking scaled down the gain
before the close. The net advance was
13 points. Vacuum Oil touched a new
high level for the year and showed a
net gain of 23 points for the day at
550. Magnolia, Gulf Oil, Standard of
Indiana and others prominent in the
list scored substantial advances.
Continental Motors rallied frac?
tionally on reports that a new no-par
issue of stock was contmplated to re?
tire the preferred shares. Radio
worked fractionally higher.
Industrial?
Kelp?, Open. High. Low. Laut.
14500 ?Acme ?oal... CI 68 66 60
2000 *Acm? Packing 37 37 37 37
100 Aluminum. ... 22 22 22 22
IS Am Light.H?H 140*-? 140Vi H0-.it
noOAmnl Leather. 14% 14% 13% 33%
10 An* Tvpe Ftlry 62 02 C2 63
"00 Reih Stlpfwl. 05% 96 85*4 OH
1 iOfl niilvnTllv llv. 10% 30U 30 3?H
4no.*Rr-Am Tob cpn 18% l*% is?? ls%
I'O.iUu'Hy P.jls... 3 % 1,'j 1,''., 1-',
1100 Car Ll'-ht. 2% 2'- 2% " \'t
3 00 do pf. 7% 7'? 7% 7 \
100 Chi NlpplP. . . . ?! 4 1 <
25 Celluloid pf...l06 ion :o8 ion
300 ?Columbia E:n. SO fiO 78 73
MoOCont Motors.. 1? 10% 1? 1?%
1900 Cuban D SuKar 6 6 >'< 8
300 Danipla Mot. . . 11 11 11 11
3 00 Dubiller C & R 6 l C 8 fi
8400Durant Mot.... 44',i 47',; 44% 47
500 Durant M ot I. 13% 13% 18% 13%
400 31 W Griffith.. 3% 3% 3% tu
10 Firestone T i?f. ss% 88% 88% 88%
400 Glen Al?l r*oal. 57% 58 67% 68
loo Good year Tin*. 9% 9% 9% 9%
100 at W Sugar pf.ioo?; 10?V4 106% 106%
S600 Heyderi Chem. 3% i % IS 1%
100 Inter Carbon.. 11% 11% 11% 11%
C00 Inter Rubber.. 4?; 4% 4% 4%
35 Lehlgh Valley. 70% 79% 7?% 79%
200 Lihbv MoN new S 8% 8 8%
200 Lincoln Mot A. 2 2 " "
r.oo Macy & Co w i 61 61 60%j gi
?no Mercer Motor?. 2% 3 2"? 3
400 do V t c. 2% 2% '-' % 2%
tOOOMesabl Iron... n 13% 11 11%
lOOMIIltken Tract. 2% J% 2% 2%
500 Nat Lcath new SJ4 9 8% 9
70 X Jersey Zlnc.168% 150 155% 166
r.00 X Y Toi pf....l0S% 10"*?4 H?t'% 10*%
1100 raeltr.nl Mot.. ir> 15% 3 6 3 5 V?
40 do Pf. 81 87 87 87
600 Phllltpsbom's.. 40% 41% 40% 41%
100 Philip Morris.. 17% 17% 17% 177?
600 Pyron? Mfc... io io-t 30 10%
1700 Prima Radio:. 1A 1S ' 1 % IH
5300 Radio. 4% 4'?a 4 > 4%
300 do pf. 8% 3% 3% 3%
1200 Roo Mot?"- Trk 3 2 % 3 3 % 12% 18%
400 St Law Pcldip. 30 30 11% 9 %
."r>0:> Schulte Stores. 62 68% 61 55%
C0O0 ?Soutl? C & !.. 4M 4 1 MS -14
500 Stardard Mot.. 8% 3% 3',; 34;
600 Stuf. Motor.... ro 20% 20 20'2
50 Swift & Co....109 109 109 309
500 Technlo:olor Pr 25% 25% 25% 25%
3 00 Technical Prod 5% 5% 6% 6%
200Tenn El Power 36% 15% 16% 16%
600 Tobacco Prod. 7 Vi 7% 7'i 7%
lOSTodd Ship. 66% 66% 6:: % 63 Vi
1000 ?Triangle Film. 25 25 25 25
1300 U S Lt &? H..., 7A 1 % If* 3 Vi
100 US Metal Caps 1% 3%. 1% 1 %
100 Cnlt Profl? Sh. 7 7 7 7
4100 IT Retail Candy 7 7 % 6% 7%
100 Wayne Coal... 2% 2s; 2% 2%
300 ?W End Chem. 61 63 63 C3
100 W Knit Mills.. 0 9 9 9
100 Willys lrt pf.. 16% 16% 16% 16%
3100 winthara M a . 9% 9% 9% 9%
100 Y'town S & T.. 69% 69% 69% 69%
Standard Oils
1100 Anglo-Am Oil.. 20% 21 20Vi 20%
10 Ch'broURh Mfg.205 205 205 206
10 Galena Signal.. 52% 62% 52% 62%
8840 Imp Oil Can... 112 120 112 119%
10 Illlnola P L. ...173 173 173 173
20 Indiana Pipe.. 96 9S 86 98
180 Ohio Oil.306 311 306 309
10 Prairie O & ?..640 640 64o C40
60 Prairie Pipe. ..26*? 269 268 269
25 Solar Rpf.370 370 370 370
3000 S OH of Ky..,107% 109% 107% 109%
66000 8 Oil of In 1... 118% 122 118% 321%
2060 S Oil or N Y..565 577 662 568
40 S Oil Of Neb. .198 200 398 200
506 Vacuum Oil... 535 053 525 550
Independent Oils
100 Alean Oil. 1 % l?1? 1% 1%
1000 *Allied Oil. ... 3 8 3 3
100 Am Fuel of... 1% 1% 1 % 1%
3300 Ark Nat (?as.. . 9% 30% 9% 10%
500? "Boone Ol!.... 12 12 12 3 2
9600 ?Boaton-Wyo. . 96 93 95 98
1700 Carib Synd.... 5 s; 5% 6% 5%
20 Cities Service...197 198 197 398
300 do B ctfa.... 20,% 20',; 20% 20%
100 do pf. 70 70 70 70
500 Cont Ref. 2% 2% 2%' 2%
4500 Creole Synd... 3 3% 2% 3
400 Duquosno Oil.. 2% 2% 2% 2%
13000 ?Engineers Pet. 27 27 24 24
3700Equltv Pet pf. 14% 15 1 4 r?s 15
35300 ?Federal Oil.. 106 106 85 95
3300 Olonrock Oil. .. 1-ft 1A 1 >s 1A
300 Granada OH... 1 1% 1 1%
8500 QUIf Oil W I... 63 64 62% 63%
?000 ?Hudson OH... 15 15 3 4 14
0 500 Int Petrol. 21% 22% 21% 22%
7000 ?Keystone Ran. 40 40 3S 33
2000 ?Livingston OH 19 20 19 20
1400 Livingston Pet. 1% 1% 3% 1%
200 ?Lyons Pet_ 73 73 73 73
G00 Maraeaibo OH. 18% 18% is% is%
100 Marine new... 6% 8% OVa 6%
200 Marland Mcx.. 5'. 2 5 % 6% 6%
600 Magnolia Pet. .234 236 234 234
300 Merrltt OH.... 8% 8% 8% S%
3 200 Mexico Oil_ 1% 1% 1% 1%
2300 Mountain Prod 15% 16% 16% 15%
14200 Mutual Ref... 11% 11% IIe? 11%
300 N Y OH. 21% 24 21% 24
500N Eng Fuel... 80% 80% 80 80%
5000 ?Noble Oil. 21 22 21 22
1300 No Am Oil.... 2% 2% 2% 2%
8S0n Omar Oil. lis 1% ' *"V 1-'V
200 Pennok OH_ 8 S 7% 7%
100 Ryan Conn.... 6% 6% 6% 6%
3000 Salt Crk Prod.. 16% 16% 16% 16%
3800 Rait Crk Cons.. 11% 11% 10% 10%
000 Seaboard. 2 2% 2 2%
4100 Shell Union.... 13% 13 12% 13
664)0'Simma Pat_ 10% 11% 10% ^*%
COOO ?South P A R.. 17 18 17 37
1100 So Slates' Oil.. 18% 19% 18% 19
13200 ?Texan O & L. 49 53 4* 48
1900 Turmah. 1% 1-?, 1% 1%
100 ?Vulcan Oil.... 66 66 66 66
3100 Wilcox Oil.... 6 6 0% 5%
Mining
800 Alaska-Br Col. 2% 2% 2% 2%
lOOAlvarado Mir.. 6% 6% 6>; 6%
3 800 Am Expior.it.. 1% 3% 1U 1%
32000 ?Belcher Ext. ,6 7 6 7
38000 ?Big Ledge... 10 31 30 10
10000 ?Bost ? Mont. 9 3 0 8 9
2000 ?Irios Se M Cons 75 SO 73 SO
2000 ?Canada Cop. . 2 2 2 2
400 Canario Cop... 2% 2% 2% 2%
28400 ?Candelaria M, 60 65 60 66
6000 ?Corp Prov. . . . 36 36 15 16
2000 ?Crown Reserv 25 25 25 25
1700 Cons Cop IS,'., 4% 4 Vi 4% 4%
0800 Cortez Silver.. 1 t", 1% 1 i*i 1%
200 Cresson Gold.. 2% 2% 2% 2%
300 ?Dean Cons_ 61 62 61 62
4000 ?Divide Ext... 14 16 14 16
100 Davis Daly.... 4 Va 4 % 4% 4%
400 Dryden Gold.. 9% 9% 9',4 9%
looo ?El Salvador. .9 ? 9 9
7000 ?Emma Silver. 2 2 2 2
5000 ?Eureka Croes. 30 31 30 30
24000 ?Fortuna. 12 32 12 12
2000 ?Gold Deep, ... 6 7 0 7
14000 ?Oold Dev. 11 13 31 11
1000 ?Goldfleld Flor. 35 15 16 15
1000 ?Gold Oro. 2 2 2 2
600 ?Henrietta Sil.. 67 67 65 65
9000 ?Hard Shell. . . 8 8 8 8
6000 ?Hilltop Nev. .. 90 92 SO 92
300 Holllnger. 12% 12% 12% 12%
200 Howe Sound. .. 3% 3 % 3% S%
12600 ?Indep Lead... 4^ 49 46 41
3 00 Jerome V Div.. 8 3 .1 3
1000 ?La Rose Mln.. 25 25 25 25
49000 ?Lone Star.... 33 13 32 13
17000 ?McNam Cres. 10 10 9 10
4000 ?Marsh Mlnin-r 12 13 32 33
1000 ?Mohican. 22 22 22 22
6000 ?Morlngton. ... 2 2 2 2
16000 ?National Tin.. 22 30 2". 29
1000 ?Nevada Ophlr 20 20 20 20
700 New Dominion. 3% 2% 3% 3%
1100 Nipisslng. 6 6 6 6
300 N Y Porcupine. K."> 65 65 63
10000 ?Ohio Copper.. 27 2S 25 2?
200 Park Ctah_ 6% 6% 5% 6%
700 Ray Hercules.. 1% 1% 3% 1%
5000 ?Rex Cons_ 7 8 7 8
10000 ?Red Hill Flor. 6 6 4 4
4000 ?Rochester SU. 18 18 17 17
18000 ?Sandstorm K. 5 6 5 5
1000 ?Silver Pick... 10 10 10 10
200 So Am P A O. 4% 4% 4% 4%
27000 ?Spearhead. ... 11 ?8 10 11
2000 ?Success Mln. . 45 45 46 45
1600 ?Teek Hughes. 87 89 86 89
3000 ?Temlskamlng. 37 37 37 37
500 Tono Belmont.. 1U i|,v ill iu
4000 ?Tor.o Caahboy. 10 10 10 10
8300 ?Tono Divide. . 80 84 80 82
9700 Tono Ext. 3% 8% 3 A, 8%
4600 ?Tuolumtie_ 61 55 50 56
700 Unity Gold_ 2% 3% 3? i?U
5100 United Eastern, lil 1 ft j il lil,
1000 ?Victory Div.. 2 3? *" j**
??i22?.Tei.Bi,l?" l-f* "a iK 1%
13000 ?W End Ext.. 6 7 6 ?
11000 ?White Cape.. 18 17 15 16
1000 ?W Caps Ext.. ? a ? S
100 ?Yukon Gold. .. 85 95 85 95
?Sella cents a ?bar?
I
Investment Information
Questions of general interest to in
ventor? will be answered in this col
Sim}:, in which case only initials will
be nerd. Others tvill be ansivered by
mail. Address nil inquiries, inclos?
ing a stamped, addressed envelope, to
Financial Editor, The Tribune, l?j.
.VtmoH Street, New York City.
Eastern Cuba Sugar 74b
QnMtlnn?*?VIU you Vlmlly give me you?
ot-lr.ion with reca.nl to the ntw Imu? ot
the Hunter:? C'ubn Sugar Corporation p.ilrt
bonds at: ?:i Investment? Aro they safe, or
too speculative?? M. D. N.
Answer?The Eastern Cuba Sugar
Corporation TVs per cent bonds aro
no better than a business 3nan's in?
vestment, despite their mortgage se?
curity and the guaranty of the Cuba
Cane Sugar Corporation. This is a new
company entering the sugar business
at a time when the industry was in an
uncertain condition, snd the credit rat?
ing of the borrower is fairly reflected
in the fact that the 7% per cent coupon
rate was necessary at ? time when
first grade mortgage bonds are selling
to yield 5 per ??ent or less, and the addi?
tional fact that to this attractive in?
terest! rato the company was com?
pelled to add an option to purchase
Cuba Cane Sugar common stock at $20
ft share. This bond may have specu?
lative attractiveness due to the con?
version privilege, but it is certainly
not an investment for any one who can?
not afford to assume the attendant risk.
Speculative Stocks on Margin
Qnestlon-I receive your paper every
mornln? and thin Iff'the first timo T ever
????ote for Information In renard to stocks
I have on margin? Kindly give me an Idea.
Shftll r e?ll or hold out for D little bettor
price? shares I hove on margin! ISO
American Posch Magneto, i?o Anae?n?la,
?fio Chandler Motors, 200 Keystone Tiro
nivl Rubber, 20 ft. T.otits-Snn Francisco
common. 160 Tex:.? ?? Pacific Railroad, 100
Texas Pacific Coal and Oil, 200 United
?trite?. Industrial Alcohol. 400 Tenn
Seaboard Steel. IOO Tidal Oaage. Oil, 100
Kennecott Copper, 60 Transcontinental Oll,
tOO Acme Coal. f?0 American Sumatra To?
b?ceo und SO American Beet Sugar. What
Is your heit Judgment? I know T am very
well loaded up. so that Is why I take the
liberty of writing you for your advice.?
J. L. B.
Answer?Wo cannot make an excep?
tion in your case by expressing an
opinion or, questions of a pure!:' spec?
ulative nature.
American Water Works
Question?Will you kindly give me
whatever Information you can regarding
the capittfllwulon, financial position and
pr?sent earnings of American Water
Works and Electric Company, and how
you regard Its c p?r cent preferred stock,
which I underatand Is not receiving divi?
dends at present, from an investment
viewpoint ??O. J. s.
Answer?The American Waterworks
and Electric Company was incorporated
in 1914 as a successor to the American
Water Works and Guarantee Company,
whose properties were sold at a re?
ceiver's sale in that year. The com?
pany has outstanding $9,200,000 com?
mon stock, $10,00(3,000 participating 6
per cent preferred and $6,460,0J30 of 7
per cent cumulative preferred, on
which dividends have been paid regu?
larly since the middte of 1917. There
are no arrears of dividends on the 7
per cent stock. The G per cent stock
is entitled to 6 per cent dividends In
preference to the common. After 6
per cent has been paid on this stock
and on the cnminon, both issues share
alike in any further distribution. No
dividends have ever been paid on the
6 per cent stock. The company has a
funded debt of $38,783,000. Its prop?
erty and security account was carried
at $49,057,000 in the last balance sheet.
Net earnings during July, 1922, ag?
gregated $115,044, as compared with
$84/402 in July, 1921. In the twelve
months ending with July, net earnings
I totaled $832,102. as comparec? with
$516,209 in the preceding twelve
months. The 6 per cent stock has yet
to establish it?elf in an investment
position. At present the stock con?
tains a substantial element of specula?
tion and is suitable only for persons
! who can assume some risk.
Second Mortgage Rond**
Ouestlon-- Your advice h*a bien v?*r>
helpful Ih the pnst. Will yo'i pleas? ad?
vise rn? ?KiHit? ?! am being rt,ilt?d tj pur
Bham MOO bin?'; of th?* M tramar Hotel, of
Miami, Fla. They are called Mlramar
?btet twenty-year s p.;? Dent participating
mortgage bends, anil are hain't put out by
Bdward Iff, cIucbs. of the New York
Stock Exchange. What do you think of
them? I am not dependent upon* the In?
come but am trying to build up independ?
ence through systematic monthly Invest?
ments. ? 11. L.
Answer-- We do not consider Mira
mar Hotel 8s a high grade bond. It ia
a second mortgage, preceded by one of
$200,000, and maturity payment is
largely dependent upon earnings being
; sufficient to considerably reduce the
| amount of the existing first mortgage.
i In our opinion, you will be more suc
I cessfu! in building a capital investment
if you select securities that eliminate
a considerable clement of risk, and ac?
cept a smaller interest return.
Mesnbl Iron Stock
Question?I'.sve you any definite know!
edge ns to the standing of ths Mesab
Iron Company, GO.OOO shares of no pa
common slock of thin company havlm
b'.'cn recently offered publicly at $12 i
share. I n'-tice there is not much ac
tlvlty In this stock?in fact, has beei
rather weas for the last month or so
which Is, apparently, contrary to the ex
pjctation?! of Individual:* putting thl
stock on the market.?J, .T. J.
Answer?The project of the Mesab
1 Iron Company upon which an issue o
I o80,t?OQ abales o? stock Is based is
! ?speculative one and has to do with th
j development of low grado iron or
| properties on the Mosabi range. State
ments that estimated annual profits i
excess of $2,500,000 are possible an
that now is the opportune time to com
menee operations aro made by th
treasurer of tho company in a lette
addrcsed to the venders of this stocl
We do not know what were tho en
pectations of those interested in pul
ting this stock on the market, but
balarce sheet of the company as c
June ?30, 1922, does not reveal a cond
tion that warrants any other than
speculative value for its stock.
Needs Safety In List
Question?'Will ,"ou kindly advise me J
to the b"-:t way fur ni-., to Invest $15,01
j which will form a Ian?; part of my li
j come. I must invest only in safe secUr
i tie?, bt*t of course wish p.j largo <i retui
for my money an possible. Do you a?
viso ?ruaranU?-?! mortgages as part of tl
investment??Mrs. A. It. A.
I Answer?Guaranteed mortgages i
fiued by some competent house cou
j be made a part of your investmen
| We suggest that you place .$2,000 (
i $3,000 in thir, class of security and tl
! rf'7T!?inder of your $15,000 in Canadiz
? Northern 7s, due 1910, selling recent
? to yield about fi.7 per cent; Unit?
States Rubber 5s, duo 1947, yieldii
about 5.7 per cent; Pre'.fie Gas ai
! Electric os, due 1942, yielding about E
per cent; two shares of New York Tel
phone 6Vt: per cent preferred etoc
?:c!lir,g recently around lOS'/i?; '
'Louis-San Francisco prior lien 5"^
due 1942, yielding about 5.7 per cei
r ??????????- '
Four full columns of in
vestment questions and an
steers tcill be published ir
The Tribune every Sunday
I and Monday. On other day?
I one full column will appear
3 05
300% 100 ?i
93 08%
Bonds
Sales (000 omitted). Open. High. Low
$2 Allied Pack 6s..." 75?4 75% 75%
8 Aluminum 7s -25.104% 104',* 1041?
4 Am Lt Tr f.s... 307 % 300 107%
4 Am Tel 6a 1924.. 101H 101% 10U?
1 Anaconda Cop 68.301% 301% 101%
2 do 7fl 1029.103% 103% 303%
5 An*.Am O 7%s..303% 103% 103%
5 Armour A Co 7s.104% 104 'V, 304%
3 Reaverbosrd SS.. 73% 73% 72%
2! Beth Steel 7s '23.100% 105?,?, 305%
34' do 7s 1335.102% 102% 102%
3 Bklyn 1' Gas 6a.. 105 106 105
7 Can N Rv eq 7s. .110 K 110% 110?^
< ran Pacific 8s...100% 100% 300%
2 Cent Steel Re. ... 307 % 107 % 107 %
1 Cities Ser 7s B..130 130 130
7 Tons Oas Bait 7s.30:3 3 00% 109
4 do 6?.3 05
2r, ?lo F. Vas.300
2 Cons Textile 8s. . 99
3 Cop Bxp Ss '24. .302% 302% 302%
3 Cuban Tel 7%S. .107% 107% 107
1 Beere & Co 7%.vl02% 102% 302%
44 Bat City Gas 0s..102 1 02 l? 102
3 Gd Trunk 6%?...108% 306% 106%
7 Gulf OH 7s.303% 104 303%
2 Tlood Rubber 7s.300% 300% 300%
6 li-.ter R T fis.... 95% 1)6 95%
T5 do 8s ctfs. 96% 96 95%
20 It City PAL 5s. 93 93% 93
1 Kennecott C 7s.. 104% 104% 304%
4 Kings Co Lt 6VjS.300% 300% 300%
39Laclerto Gas 7s..101 103% 301
4 LlRSrett W W 7s.303% 303% 103%
1 Merch & Mf? 7s. 90 9? 99
1 Nati Acme 7%a.. 08% 98% 98%
3 Nati Leather Ss..l00% 300% 300%
5 NY NH A H 7s.. 85% 85% 85%
4 Pub Ser N J 7s. .304 304 103%
7 Robert Gair 7s. . 99 99 99
6 Sears-Roe 7s '22.100 300 300
3 do 7s 1922.303% 301% 301%
1R Sheffield F 6%s.lfll% 303% 301
2 Rolvay et Cie Ss.106% 10S% 100%
9 S'we.st Bell 7s. ..102% 302% 102%
3 S Oil N Y 7s '26:. 108% 306% 306%
1 do 7s 3027.106% 306% 106%
6 <lo 6%B.3 00?; 3 09% 109%
6 Sun Oil 7a.302% 3 02% 102%
1 do Cf../. 99% 99% 90%
10 Swift & Co 7a'81.102% 102% 102%
24 do 5s. 97 97 96%
17 Tidal Osage 7s...101% 101% 104%
4 union on col 6s.101% 101% 101%
4 I'nit Oil Prod if. 99 99 .99
30 Ln Ry Hav 7%s.304% 305 304%
SU S Rubber Ss. . . 8s % 88% 88
33 Vacuum Oil 7s..308% 308% 10s%
1 Wickwlre-S 7%s. 99 99 1)9
Foreign Bonds
3 9 Argentine 7.?.100% 3 00% 100%
C Can S S 7 s. 95 % 95 % 95 &?
364 Kins of Neth 6a.. 94 % 94%
18 3<tng of Serb 8s.. 83% 83 %
7 Mex Govt 6s_ 56% 65% 64%
10 XYNHAH fr 7s. . 70% 70% 70%
3 R?p of Peru 8s..100 100 300
2 Russian 6%? ctfs. 32 12 12
H'S Mex 4.1. 39% 39% 39
Total gales stocks, 848,700 shares.
Total sales bonds, $627,000.
Last.
75%
104%
3?i9
1 03 %
3 03%
303%
103%
104%
73%
3 06 %
3 02%
3 03
110%
100%
107%
"130
3 09%
105
100%
98*4
102%
107
3 02%
302%
3 06%
104
100%
or,
95%
93%
3 04%
3 00%
3 0'3%
303%
93
98%
3 00%
85%
103% .
99
100
101 %
3 0*1 %
100%
102%
% 30?;%
% m%
3 09%
302%
9-?%
302%
36%
104%
301%
99
105
83
108%
99
94%
3 00%
96%
94%
80
54%
70%
100
32
39
Miscellaneous Markets
Public Utilities Securities
Ask
26
97
141
96
Bid.
Adi P & L 24
do pf .. 95
Am L Tr.339
do pf. . . ?4
A G A El. 172
?o pf... 45
Am P & L.13S
do pf. . . 86
Am P Utl. 16
do pf... ?3
Appal Pw. V7
do pf...130
CnrPR * L 65
Cntl Sta IS 3
do pi... 70
Cities Svc.197
do pf .. 70
do bk ?h 20%
do7?%di,B130
do O ... 96
do D... 91%
do pf BB 66%
?o pf B. 6%
do c,.h c 77
do silt i!. 166
?Colo Pw. 22
A G A E ?s 99
AmPAL 6s 66%
Appl P 6?.. 90%
Chrcl I 8s 96%
Col Pw 58. 92%
176
46'i
142
91
20
36
30
199
70%
20%
94%
67%
?It
Bid.
Col Pw pf 90
C P R A L SI
do pt .. ns
OABOE7pf 24
DU413 6 pf 85
BlBASb pf 95
EmBE pf 7t
EGAF S p? 90
Fdl L A T. 37
do pf... 72
Gas Se. 6 pf 64
f?&ES 7 pf ?8
?No Sta P 9?
??O pf.. 93
Rep Ry Lt 13
do pf... 45
So Cal Ed.108
do pt.. .122
Std G A E 30
do pf .. 48
Toi E.l 7 pr 8 4
U L A Ry 6 7
do 1st pf 76
Wstn Pwr 41
?do n pf 85
?Ex dividend.
24
Bonds
100 ?El Paso 6s. 77
97y.|Mt C P 6s. 86%
92% U L A R 6s 93
97 YV G J 88.102%
94 |Wia Ed 6s 99
Miscellaneous Stocks
65
67
15
60
4%
64
116
108
100
324
63
60
100
118
95
D L A W. 98
Oraper C.160
Exc Be... 30
li.tl SU pf.100
Lh Vly S C 78
Ntl C?kt. . 75
Ni Lcrc pf H0
NPATy pf 9?
Phelp? B..163
Ryl Bkg P107
do pf... 98
S C H L.. ?0
?Singer .. 98
StLMRA P 3?
VanRaalte 47
W A P... 92..
Yale. ... 310
89
S7
76
95
39
"5
74
7?
100
t?8
16
48
130
126
21
60
90
69
79
43
68
94
104%
100
103
62
66
85
10?
113
110
99
85
100
:.i
.160
Am Exe ....ES5
America. . . .210
Battery ... 335
Bowerv . . . .426
Rwe.y Cntl... ?
Bryant VU
Bronx Ntl
Brrnx Boro..10?
Btch & Drv.130
Cent Merc ..210
Chane.''45
Chat &. Phe..363
Chelsea Ex . . 90
Chemical. . . 505
City.310
Coal & Iron..200
New York Bank Stocks
Firth Ntl ...
?15
11:'
14 '?
165
170
140
Jarfield
Columbia
Colonial .
Commerce
Contntl .
Corn Esc.
Cosmpltn . . . 6!
East River . 17?
First Nat 1.1175
Fifth Ave.. 102!
220
325
2-?2
130
'.'.7
Gotham. . . .
?nwlch .
Man?ver . ..
Karri man . .
Imp & Trds
Industrial .
Irving Nati
Manhttn C..
?Mol? ?* Met.
26.1 Mutua?. . . .
110 Ntl Anin. . ..
610 Nw Nthrind
343?t*act?;c. . . .
?i Park.
?-/Public . , . .
?[Seaboard . .
23S Standard. . .
110 State.
?UM 2 3d Ward . .
75 L'nUl States.
? Wslijr Uta.,.
1225 Yor''ville . .
165
285
ISO
38 0
5 SO
150
203
"4 00
SOU
300
444
320
.310
210
305
250
160
200
Trust and Surety Companion
Alliance. . . . 8;i
Amu Surety. 7!1
HkXY ?fc TT..450
Bankers .. . .360
Bond ft M IE -'55
t'kyn Tr C. .450
Centl Union..413
Columbia .. .325
Cmmrcl T . .105
Kmpi.e Tr .300
Eqult Tr . ...280
Frmrs I. &T 400
Fdity Int .. .204
Fulton .2 to
Guaranty ...221
Hudson ....?70
nSiLnwyrs Mtc.
82 Lwyrs T ...
???OlManufctra .
SOfllMetropltn .
StO Mtg Bond .
? Mut T AV..
4i?|Ntl Surety ..
3351N Y Trust. .
125'N ?Y Title. .
240
.'100
11?
115
230
851
Uli
505
212
265
234
T !'.!?*
y ASSO.150
Guar . .'13
tl 8 M & T.. 305
t; S T Guar..106
N Y Trti3t...350
Westchstr ..145
WeatTtlft Tr.190
Kings Co .. , i?O
Insurance Cornnanleu
Am Alli.ir.ce.2S0
City N York. 100
Cmmnwlth...300
Ful & Phe.
Franklin . .
Globe & R.
Grt Amn .
300'lTan'jver. . . . fi;
.600
3 100
. 2S0
200 Home:.. . .
325 Nati Lib .
630 Nlaffara ..
OSlStuyvsnt. .
? Wei tchstr
. 420
.172
.174
. . 50
. .39
390
500
3 60
207
265
4C6
321
260
310
3 SO
193
310
125
130
240
25 6
4 25
315
86
430
290lL'td States... 47
Standard Oil Companies
um.
Anglo Am.21
Atl Rfs..llS0 :
do pf...116
Borne Scr.425
Buck PL. 07
Chesbro . .200
do pf. . .110
Contl Oil..143
Cres P L.. 36
Cumb P L150
Eurk P I,. 9*
G S O pf n.lOft
no pr oidio?*
so
Hem O&RL.50
111 P L. . .372
Imp O Lt.119
Ind P L., 16
Int Pet Lt 22
Mnfrn Pet.234
?tl Tsns.. 25
N Y Trns.170
Nor P L.110
Ohio Oil. .309
IIS
440
98
?13
148
?7
160
9.4
103
112
55
260
174
120
27
175
112
313
\1 Mex F. 30
':? O & G.6S:
34
645
272
375
99
223
64
128%
122
600
i'rai P L..203
Solar Ref.?CS
Sou PL.. 07
Sou Pa 0.218
3\V Pa P L 60
?S O Cal. 127H
?S O Ind. 121 "4
o O Kan..SE
*S O Ky. .108'A 109 %
S O Neb. .190 200
?S O N.J. 203
do pf...ll7
SONY. .568
S O Ohio.495
do pf. . .118
Swan & F 30
L'n Tk C. 130
do pf. . .109
Vacu OU..548
Wash OU. 22
?Par $25.
20S
11 7 %
672
500
119
83
115
112
652
Miscellaneous Oil Companies
Atl Lobos. 9
do pf??. 30
FiAmC Lt S3
Gulf Oil. .760
do pf. . . 63%
Merr O Cp g Vi
Ol?
lltn Pr Cp 16*?,
Mutual Oil 11 >i
R Ck <"n O 10 ?A
8 Ck Pr A 16??
Hapul Ref. 3V4
W St O-fcL .26
15%
11%
10%
3'i
76
Am Ctr...
dj Pf..
A m ft tr,
?GWHfl.
do pf. .
J S Younir 90
do pf.
40
35
770
64
8%
Tobacco Stocks
79 |*MoA & F118 121
do pf... 99 101
? R A T.. 68 72
Unvsl Lf.3 23 126
do pf. . .105% 107
?Ex dividend.
93
250
175
115
95
95 100
Chemical Stocks
Am Cyn.
do pf. .
Casein Ci
du Pont.
Graselli .
23
. 57
. 40
13
.132
60
46
14
136
Ky Solvay 25
Mulfd Co.. 30
M?rrima?. :.">
Merc C pf. 71
Car Sue:... 15
Contl Su?*\ *
do pf... 2
C Acuirro. 75
Fjrdo new 74
Federal ... 105
Sugar Stocks
11/ IGrt Wstn.259
% iVilNtl Am. . , !0
2 5 N'ational. .125
78 Oil Nique.. IE 0
77 (Savannah. 50
110 I do pf. . . 54
Steel and Ordnance Siockt
Atlas Pw.,138
Colt A . . . 25
Bast Steel. 20
Hero Pwr.180
do pf. . .102
148
27
30
198
105
iNllrs B P. 50
do pf. . . 87
Scov Mfe.320
? Wnodw . . 35
iWIn C nw. 20
265
20
145
64
97
52%
92
350
New York City Bonds
Form. Rate. Maturity. Bid. Ask. Yield.
Inter 4j%?. 1971.107% 108% 4.08
do 4%b. 1967.-107% 108% 4.08
do 4%s, 1966.107% 108% 4.08
-do 4%s, 1963.107% 108% 4.07
?4.07
4.05
4.07
4.07
4.07
4.07
4.07
do 4%?, 1967.107 108
do 4%s, 1B72.103 104
do 4Us, 1966.102% 103%
do 4%s. 1964.102% 103%
do 4^8. 1962.102% 103%
do 4%s, I960.102% 103%
do 4%s, 1980-1930.lOOVi 101%
Investments
CjRAHAM, PARSONS & Company purchase and deal in Municipal,
Public Utility, Railroad and Industrial Bonds and Notes. There are on our list
of investment offerings, sound well secured obligations selected to meet the
requirements of Institutions, Trustees and Private Investors.
Municipal Bonds
Yielding from 3.95% io 4.25%
Rite %
City of New York Registered ??'.'.",',".,
City of Philadelphia, Pa., , \y7
State of California. 4
Allegheny County, Pa.;. 4
City of Bethlehem, Pa., School District ...... z
State of Oregon.
Citv of San Francisco, Cal.
4*2
4>?
Railroad Bonds
Yielding from 4.60% to 5.35%
Jamestown, Franklin & Clcarfield RR ist Mtge. . , .
Lehigh Vally R. R. Gen'l.
South Pacific Coast Ry. ist Mtge., ,
St. Paul Union Depot Guaranteed Notes .....
New York Connecting R.R. Co. ist Mtge.
Macon Terminal ist Mtge.
Central R. R. & Banking Co. of Ga.
Lake Erie & Western R.R. Co. ist Mtge. ..... 5
Missouri Pacific Ry. 1st & Ref. Mtge. .ill,, 5
4
4
4
7
4?4
5
5
Maturity
Nov. I9J4
Mar. 1949
July 1938
Mar. 197,6
Apr. 1951
Apr. 1944
July ?934
1959
2003
1937
?923
?953
?9$*
?937
?937
1926
Public Utility & Industrial Bonds
Yielding from 5.00% to 6.02%
Madison River Power Co. ist Mtge. ,
Northern California Power Co. Sinking Fund . ? , ,
New York & Westchester Lighting Co. Deb. . . , *
Long Island Lighting Co. m Mtge. . . , ", , , ,
Wheeling Electric Co. ist Mtge. . . . " .' . , .
Whitaker-Glessner Co. ist Mtge. . . . '. ... ,
Witherbee Sherman & Co. ist Mtge., ,
Public Service Corp. of New Jersey Perpetual .
Northern Indiana Gas ?Si Electric Co. ist Lien & Refunding
1935
1948
?95*
*9j6
1941
1941
'944
1952
Detailed descriptions of any of the above bonds will be furnished upon request.
Graham, Parsons 3iCot
Yield
About %
3-95
4.00
4.05
4.125
4.125
4.15
4??5
4.60
4.75
4.80
4.80
4.85
5.00
5.20
5-3?
5-35
5.00
5.10
5-*5
5-3?
5-75
5-55
6.00
6.02
6.02
435 CHESTNUT STREET
PHILADELPHIA
30 PINE STREET
NEW YORK
READING
SCRANTON
PITTSBURGH
HARRISBURG
BALTIMORB
WASHINGTON
TRENTON
CAMDEN
<iAt Madison Avenue and 74TH Street
r* ?' *r-s:q^ <-s>v
C 3^i C~*
Mm Scm '-'Vr ;
*-r-~\
HERE is pictured the new building of the Madison
Avenue Branch of the Company?not really a branch office
but the headquarters of the Company in the district adjacent.
The Directors determined to house in this building a
complete banking unit. Their purpose has been accom?
plished and comprehensive banking, trust and safe deposit
facilities and the services of an enlarged staff are now placed
at the disposal of residents and business interests of the
neighborhood.
You are cordially invited to inspect the new offices
UNITED STATES
MORTGAGE & TRUST COMPANY
Capital, Surplus and Un divided
Profits over . . $7,000,000
Main Office: Fifty-Five Cedar Street
Branch: Broadway at 73d Street
Branch: 125TH Street at 8th Ave,
Form. Rate. Maturity. BI'l. Ask. Yield.
do 4s. 1959. 99% 100% 3.68
do 4s, 1958. 99% 100% 8.98
do 4s, 1957.99% 100% 3.98
Res; 4s, ?955-196?. 89% 100 3.88
do 4?. 1936 . 99% 100% 3.97
Inter 3%s, 1954. 91 US 8 88
Coup 3%s, 1954. 93 ?3 3-M
Rer 2%s. 1950-1954. 91 93% ?86
do 3%s, 1940-1960. 4.1S 3.90 ??
do 3%s, 1822-1930,..- 4.26 4-00 -
do coup (serial) 4%s,
1923-1932 . 4.?0 3.95
do coup (serial) 4%s,
192S-3S3?. 4.10 3.95 -
New York State Bonds
Issued In coupon a?d registered fcrm,
not .interchangeable. Coupon bonds regls
terable.
Form, Rate, Maturity. Bid. Ask. YieM.
Canal and Highway Ss,
1933-1930 . 4.10 3.80 -
do 5s, 1931-1940.. 4.05 3.80
Form. Rate. Maturity. Bid. Ask. Yield
do 5s. 1944-1970. 4.05 3.SO -
Canal Imp 4%s. 1961.112% 114%
Highway Imp 4%s, 1968..112% 114%
Canal Imp 4%s. 1965.10.8% 111%
Highway Imp 4%s. 1965..108% 111%
Barge Can Ter 4 Vis. 1945. 105%
Highway Imp 4s. 1907_3 03 105%
do 4s, 1960-3962.103% 1U5*%
do 4s, 1958.103 105%
Canal Imp 4s, 1967.103 3 05%
do 4s, 196l.?-3 9C2.103 105%
Palisades I S Pli 4s. 1961..103 105%
Barge Can Ter 4s. 1942-'46,1C2 103%
Federal Land Bank Bends
Ask
3.80
3.80
3.71
3.71
3.73
8.7S
3.73
3.73
3.73
Form.-ltai", Maturity.
Inter 5s, 1841-1931
do 5s, 1941-107-1.
do 6s. 1938-1923.
do 4 % s,
do 4%s,
do 4%s,
do 4%s.
do 4%s.
1942M932,
1939.1924.
fcfl 38 -19 2,3
iv. 7el922
193?-1932
Bid.
104%
3 04%
100
3 01
M
99%
Yi-iid.
104% 4.32
104?
3 0 0-"
4,:<3
4. JO
4.20
4.25
4.25
Short Term Securities
Security. I!at<-, Maturity. Hid. A?k. TUld.
Alum Co of Am 7?. 1925. .104% 104% 6 40
do 7s. 3533.10*% 10S% (?.20
Amer Cot Oil Co 6s. 1924. 9? % 99% ?.4$
Am T?! & Tel Co 6s. 1924.101% 1?>1% 4.96
\/n: Thread C.< 6?. 192?...103V* 103% f??l
Am Tob Co 7s, 1923.101% IOS 4.TO
Anaconda Cop c?, it:?..ws sos S.?1?
do 7?. 3929.103% 102% ?.I?
Anif-Am OH 7%?, 1925...102% 103% 5,92
i Armour & Co conv 7*, '30.104% 104% ?.lt
l: AL- O K H col C?. 1924..100% 100% 4.4?
Hol! Tel Co of Can 7?. ,2&.103% 104% |.u
Bethlehem Hteel 7s, 1922.10?% 106% -r
<lo 6s. 194?.100% 100% 6 9.4
i Can Northern Ry 5c, 19?5. 09% 09% 6 20
>; . r.'?-s 1922.100 100% 4.00
?lo .')?,?, 1924.100% 100% CU
?!.? Cs, 3 924.100% 193% ?40
<-..?. Paa ity C?. 3 924.500% 191 ?.Sfr
??? ?:? Arttrriune Ry ?s. '27. 9& ?S% 7.S*
j ion G Co "f N Y T*. '22. .100% 100% J.|!j
(Continued en ??xt ??(?)

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New-York tribune. [volume], October 04, 1922, Page 19, Image 19
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924