New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 04, 1922, Image 20

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New-York tribune. [volume], October 04, 1922, Page 20, Image 20
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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-20/>

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Investments
Su i tu ble for Banks
Visiting members o? the A.B.A. are Invited to
consult our Bond Departments in the transac?
tion of their investment business.
We shall he pleased to offer suggestions for
the advantageous revision of ?nyestntei?i ;:sts, and
we offer all the facilities of oar comprehensive
wire service in the prompt execution of orders.
We are enabled to pffer an expeditious invest?
ment service to visitii members by means of
our direct wire con net tions with important banks
and bankers in the cities of
li
Chicago, Iix.
Cincinnati. O.
Ci.f.vft.ano, O.
Columbus, O.
Canton, 0.
Dayton, O.
Dekver, Colo.
F.S3*:. Pa.
Indianapolis, Ind.
Kansas City, Mo.
Louisville, Kv.
Milwaukee, Wir?.
MlNNF.ArOI.IS, M?NN*.
New Orlraxs, La.
PiTTsnuRt.ii, Pa.
ST. Louis, Mo.
St. Paul, Ms-nn.
Sn.vr.ON. Pa.
Spri*.. r.'ci.D, 0.
YoiNCSTOWN, O.
W. A. H ARK IM AN & CO.
INCORPOUATED
39 Broadway, New York
T.Icphnn. Whitehall 422 )
PIULADf-XPIIIA
BUFFALO
CHICA?O
SYRACUSE
1
MARW.'-'slff'MFUNY
SEVENTY STATE STREET BOSTON.
Take pleasure in announcing the opening
this day oj a New York Office
under the name oj
PARSONSJODD & (Y)
J / w INVESTMENT BONDS W/
4? EX T *?'?*,?*.'G E PLACE NEW YORK
Telephone Bread 277 z
The management will be under the direction of
Messrs. J. WATSON DOWNES and
T. RE ID RANK IN
Direct Banking Service
THE facilities of the French American Banking
Corporation meet the requirements of American
Business Men and Bankers for direct, banking service
with all countries where the French language pre?
vails, especially F ranee, Belgium, Switzerland, Egypt.
Asia Minor, and Syria, hesides the French Colonial
Dominions in Alfrei*ia, Tunisia, Morocco, West-Ceh
ral and East-Africa, Madagascar, Indo-China, Annar.i.
Oceania and South America. We shall be pleased
to furnish Bankers, Merchants and Manufacturers
with specific information regarding this broad service.
RETMCH American
Banking Corporation
Capital, Surplus and ? ndividrd Profits, $2,937,000
67-69 William Street, New York City
I'AVI, IK KAN. President
Interborough Rapid Transit Co.
10-Year Secured Convertible 7% Notes 'W. 1.' 1932
Price about 97% to yield about 7.32%
Secured by L R. T. 1st & Ridg. S's Phdged at S7l/2
01736 par value of 5s?market value (1267?for each $1000 Note)
Convertible into 1st & Refan?ing 5's (ht 3 yrs. at 78.20;
M 3 ycar3 at S.1.0'.'; last 1 year? at ST.97)
Circular* on request
LADD & WCOD
Members yew York Stock Exclxinge,
7 Wall Street, Telephone ?Vlvichall 3740
New York
Chas. D. Barney &. Co.
Members New York Stock Exchange
15 Broad Street
New York
Investment Securities
MEMBERS AMERICAN BANK Kits ASSOCIATION
MEMBERS 1SVKSTMKXT BANKERS ASSOCIATION
1428 Walnut Street
Philadelphia
Financial Items
T*. R. Brown, f'.riit Vice-president of the
American Surety Company, h?? been desi?
? ?tti'l oha teman of the Surety and Casually.
i'ompani?s Committee in tho approaching
..anual membership ili-i\e of the American
Red Cms?..
The Bmtrire Trast Company has been
appointed transir r B?ent of the capital
Mo'-k of the Cacdlnal Petroleum Corpora-!
ties.
t-V? I : .,.:'-. nt -
:. upoli ?
f' ? he < >>u?;U's- ri
-.. A?' (antier, ???, ?< ??? - ?' -"?
,i .m eclore ???' i he P ?? ? ?
i. .. .-.'t.-?-..-i.>? ,,i - ?. urmuai
'!".- formation; was araouneed jpeaterdsy
, ? " ? ?'....? o Hoc with office? .-.- ?
c? KitUariiit: Place, to Transact a
business in investment securities. Mr.
DoVoe was formerly with the National
.- >? Company,
Harsball & Co.. 70 Str.te Street, Boston,
? ? , <? openli g of ? New York of?
fice tinder the name of Parson?. ?>Odd ti?
nted
din?
fund tng
jr. is offering 5,000
preferred stock of (he
on Company at 105 a
dividend to yitld moro
U. S. Forecast Has j
Small Effect on
Prices of Cotton
Close Is Very Steady at a
I\i:t Advance of 31 to 41
Points; Little Southern
Hedge Selling Reported
' The last of the regular monthly gov?
ernment reports was published in the
otton market yesterday without any
pprec??ble effect on prices. The re
i.rt showing a condition of 60 nnd
an indicated crop of 10,135,000 bales
was very rlosely in line with the nver
age of recent private reports, and had
Bvidentiy boon pretty well discounted.
The report showing S.883,006 bales
ginned prior to Septerhber SE was a shade
smaller than expected, and would probably
have been reconciled with even a lower
estimate of a total crop, as the trade be?
lieves thnt tho crop has been much more
rapidly picked than usual. After selling
up to 80.95o, on those reports, however,
December broke to 20.50c under realizing,
after which it ??-covered a good part of
the, loss on claims that a 1 filling move?
ment was beginning to develop In tho
South. These claims were colored by the
smaller volume of Southern hedge selling
reported around the ring, nnd tho market
clo. cd very steady at net advances of
31 to 43 points.
The market opened firm at an advance
of 20 to 28 points on the rather lighter
ginning than expected, relatively firm
Liverpool rabies and a feeling that the
firmer early tone of the stock market re?
flecte?! confidence in a peaceful solution of
the near Eastern difficulties. There may
also have been some buying on a possi?
bility thnt a weather disturbance in the.
Gulf would cause unsettled conditions
along the central Gulf coact, and tho mar?
ket sold about 40 to 55 points net hither
right after the publication of the crop
figures. It almost Immediately eas?d,
however, as the report failed to stimulate
any aggressive buying, and trading was
very quiet during the middle of the day
and early afternoon. Near, months lost
nil their tarly advance, but the later de?
liveries held a shade over Monday's clos?
ing figuren, and th? entire market firmed
up late, closing at rallies of 50 to 35 points
.rom the lowest. On the basis of last
rear's returns this ."e.i on's ginnlngs would
point to a. crop of about 10.C00.000 bales.
but many In the trade believe that nearly
, 40 per cent of the total crop was ginned
to September 25 this year, and that tho
yield might yet prove below 3 0.000,000
bales. Southern spot markets as officially
reported were unchanged to 35 points
higher, with middling quotations ranging
from 3 9.50c to 20.75c.
Tho local market for spot cotton was
steady and 35 point:? higher at 20.80c.
No sales were reported.
Tho range of prices:
Mon.
Open. High. Low. Close. clore.
Oct_ 20.40 20.55 20.15 20.51 <fr 20.55 20.20
Nov....-1 _ -? 20.?5?-20311
Bee_ 20.75 20.95 ?0.50 20.83@20.S5 20.50
.Tan... 20.50 20.80 20.37 20.70? 20.73 20.33
Feb.... 20.59 20.59 20.59 2".75(??' - 20.36
March. 20.CO 20.95 20.4a 20.8l@20.85 20.40
April... ?? - - 20.78?-20.37
May ...20.05 20.84 20.44 20.70# 20.80 20.35
June... ??- 20.?4?-20.28
July... 20.42 20.C0 20.34 20.530-20.22
Southern Spot Markets?Galveston steady.
35 points higher at 20.25c; sales, 1,700
bales. New Orleans steady, unchanged at
20c: sales. 5.524 bales. Mobile steady. 25'
points higher at 39.50c; sales. 374 bales.
Savannah steady. 35 points higher at
20.60c; sales, 39 bales. Norfolk steady, 25
points higher at 20.50c; sales, ?94 bales.
Augusta steady, 3 2 points higher at. 20.60c;
sales, I2C bales. Memphis steady, un?
changed at 20.50c; sales. 3.000 bales.
Houston steady, 30 points higher at 20.20c;
sales, 9.643 bales. Little Rock steady, un?
changed at 20.90c; Falos, 2.78G bales. Dal?
las steady. 85 points higher at 19.65c;
fales. 7,481 bales. Montgomery firm. 31
points higher at 19.62c; sales. 216" bales
Bort Worth firm, 30 points higher at
19.60c; sales, 2,050 bales.
Cotton Statistics
Tester- Last Last
day. week. year.
Tort Receipts.... 63,397 64.532 69,061
Exports . ??- 9,210 24,833
Export season.... 702,933 497,529 965,658
New York stocks 63.800 66,988 3 47.740
Bort stocks. 696,078 661,48? 3,445.466
Interior receipts. 63.345 40.856 61.960
Interior Bhlpm'ts. 35.267 22,696 38,910
N. Y. srrivals... 3,533 731 3,077
Liverpool fahles?Spot cotton quiet at
21 points d?cline; middling, 12.36d. Soles.
5,000 bales. American. 3.000 bales. Im?
ports, 10.000 bales; American, 6.000 bales.
Futures were due 16% to 21 points lower;
they opened quiet at 8 to 10 points de?
cline and closed quiet but steady at n
net decline of 6 to 10 point?. Closing
prices: October, 12.07d; December. 11.88d;
January. 3!.84d; March, 11.74d; Mav.
3 1.63d; July. 3l.49d. Manchester?Yarns,
irregular; cloths, o. fair business.
Cottonseed Oil
The eottonseeil oil market was firm
early on .covering, but eventually reacted
under soiling of later months by refiners
and an easier trend In the lard market.
Final prices were unchanged to 10 points
net lower. Outside trade was very light
during the day. but there seemed to bo
a. fair amount of local business, and sales
aggregated 23.700 barrels.
The range of prices:
Mon;
Open. High. Low. Close. close.
Spot... - - -.- 8.4-?r??l?.00 8.75
Oct. 8.60 8.61 8.49 R.49(ff 8.55 8.59
Nov.... 8.18 8.16 8.00 8.03 @ 8.03 8.17
Bee... 8.16 8.16 8.00 7 99(f)' 8.00 8.06
Jan.... S.30 8.31 8.01 8.01? 8.02 8.05
Pel.- 8.030 8.06 8.07
Mar_ 8.24 8.27 8.14 8.15(fp 8.17 8.15
Apr....- - 8.18(? 8.30 8.15
May... 8.45 8.45 8.35 8.20? 8.39 S.35
U. S. Cotton Report
About as Expected
By William Wriittam
All things considered, tho cotton con?
dition report ar of September 25, offi?
cially put at 50 per cent, is not dis?
quieting from the point of yiew of
what the trade expected. Unofficial
forecasts averaged 50.8, wbiic the aver?
age guess of eighty-one members of
the New York Cotton Exchange came
remarkably close to the official figure,
being 50.1 per cent. The indicated
yield per acre of 139.2 pounds is a ?
satisfactory increase, over the final
yield of only 124.5 pounds last, reason;
and. although the indicated crop of
10,135,000 bales is much larger than
the final count of 7,953,641 bales last
year, it, cannot be considered as at all
reassuring in the light of the fact that
the consumption of American cotton in
all countries during the six months
ended July 31 last was 5.947,000 bales,
which was at the rate of 11,894,000
bales for the year, or 1,759,000 bales
more than the indicated crop for this
season.
It is also to be borne in mind that
? the takings of the six months were
! from last year's crop and that they
I were at the rate of 3,940,351 bales per
j annum more than the production. In
I other words, the first six months of
j the current calendar year saw 75 per
cent of the crop of the entire year used
I wp; and, as exports are increasing, the
! protracted mill strike in Now England
vh-tually over and the number of spin?
dle hours in American mills increas
; ing, there is nothing cheerful in the
I prospect of the crop now being picked,
j predicted at 17 per cent below the
| comparatively low rate of consumption
? durinrr the first half of 1922. Inci
| dentally, as indicating the present
! status in this country, the consump
i tion by American lnilla during August
] totaled 527,404 bales, an increase of
j nearly 69,000 bales over July, and the
largest reported in any month in the
last two years.
; Government Estimate
Is Cut 440,000 Bales
This year's forecasts by months, with
' condition as of the 25th of the preccd
i ing month, previous years' crop, with
. condition en September 25 and the
, acreage of these years follow;
! Year. , Crop. Condition. Aereas*.
! ?3922 .10.136.000 ?0.0 34,485,000
! +1922 .30.676,000 57.0 34.485,000
fil$?3 .33.449.000 70.S 34.852.000
BIS it .11,065,000 73.2 34.852,000
1?81 . 7,953.841 42.2 31.678.000
11)30 .3.1.439.603 69.1 86.383.000
3939 .13,420.763 54.4 33,666,000
: 193S .12,040,532 54.4 36,008.000
3937 .11,302.375 60.4 33,841.000
Ill-tH .16.334,930 73.5 36,832,000
: 1912-3921 .32.279.348 59.5 34.607,700
?October forecast- tSeptember forecast.
t-August fjrecast. {July forecast. ??Record
; j?ear.
Cotton Ginnings Show
An Increase Ovre 1921
WASHINGTON, Oct. 3. ? Cotton
ginned prior to September 25 totalled
What Things Cost
Quotations are cash prices in
Commodity and unit.
FOODS? Yesterday.
Wheat (No. 2 hard) bu. $1.2S
Corn (No. 2 yellow) bu.84
Oals (No. 2 white) bu.53
Dour (?print; pat.) bbl. 6.75
Beef (family) 11). 14.50
Pork (mess) bbl.26.50
primary markets
Previous 1920 range.
Sui'tir (granulated) lb.
Coffee (No. 7 Rio) lb.
Butter (creamery, finit) lb.
Egcrn (freili, first) doi.
TEXTILES?
Cotton (middling upland) lb....
Print cloth (38-ln. 64-60) yd_
Silk (raw, KanMil No. 1) lb.
Wool (fine Montana tcoured) lb.
METALS?
Steel billet* (Pittsburgh) ton_
Iron (No. 2x fdry., Phlla.) ton..
Lead (?pot) lb.
Copper (spot) lb.
Tin (StrnilH) lb.
RUBBER, HIDES, ETC.?
Rubber (rib-smoked sheets) lb. . .
Hide.?* (calfskins, city) S to 12 lbs.
Crude oil (Pennsylvania) bbl....
Coal (furnace) ton. 13.25
.0625?.065
.09%
.38@.43
,38(g.42
.208
.09'a
8.00@8.10
1.25@1.35
40.00
34.25
.057
.14
.32
.1554
3.20
3.00
day.
$1.23
.833/4
.51
6.75
14.50
26.50
.0625(8.064
.10 1-16
.36c? .43
.41@.45
.2045
.091/s
7.95@3.05
1.20? 1.30
40.00
34.23
.065
.14
.32
.16/4
3.20
3.00
13.25
High.
$3.50
2.313,4
1.50'/a
18.25
28.00
47.00
.23
.13-54
.77
.89
.4334
.26
17.45
2.0*0
65.00
53.60
.09 V?
my?
.0654
Low,
? 1.79
My?
.60
9.00
20.00
29.60
.08
.06?/a
.611/.
My?
.14'/a
.071/2
5.00
.80
43.00
33.00
,041/g
?12'/2
.32
.54/a .15i/2
10.50 2.10
6.10 6.00
15.75 14.50
i 3,883,00o bales, Including 76,168 round
| bales, counted as hnlf bales; 1,660
| bales of American-Egyptian, and 902
I bales of Sea Island, the Census Bureau
'. announced to-day.
The amount of cott.on ginned be?
tween September 1 and September 25
, totalled 3,065,835 bales, against 2,246,
I 162 bales a year ago.
Sugar and Coffee
navr Sugiir 'future*?An active raw and
I refined market whs quickly reflected In
? futures, the market openlnj*- ?"> to 13 points
; higher on Western speculative support and
; buying for trade, account. The bulle was
j not. checked until December sold (o 3.53e.
! nnd March to 3.35, or 11 to 14 points net
higher on active months. Wall Street then
? took profits on a theory that at this sea
I son of the year no sustained bull move
! ment was likely, and they seemed dis
j posed to take advantage of the quick up?
turn. This pressure brought about a re- I
I action, the market closing 5 to 16 points j
net higher, with sales estimated at 67,000
tons. The rango of prices:
Monday's
Open. High. Low Close cloi
Oct. --S.46@- S.
July. 8.69 359 3.55 3.55@3.56 3.60
Coffee Futures?The range of prices:
Monday's ?
Open. High. Low. Close, close, i
October .-8.R<5 f-9*5
November-?.93 MS
December _ 906 9.06 900 9.01 9.10
January .- - 9-02 ??!>
February.-?-03 9.13
March . 9.11 9.11 9.03 0.05 9.14
April .-905 U.14
Mav . 910 9.10 9.04 9.06 9.14
June .??-'?-O? ?-0S I
July . 8.98 8.98 8.96 8.92 ?04
August .- - *-8T 8-96
September ....--8.S3 8.S7
Livestock, Meats, Provisions
Yesterday. Tear ago.
Steers, fair to
prime, 300 lbs. 58.00@10.25
Dressed beef,
sides, lb.10? .19
Live veals, com?
mon to prime,
100 lbs. 9.00@15.00 9.00@16.00
Dressed veal, city
lb.13@ .24 .12? .24
Live ewes, 100
lbs. 3.50? 6.00 3.00? S.00
Dressed wethers,
lb.10? .16 -@
Dressed mutton,
city, lb.OS? .14 .06? .It
Live lambs, fair
to prime, 100
lbs. 12.00@14.50 8.00@ 9.05
Dressed lambs,
city, lb.18? .23 .14? .21
Hogs. 100 lbs... 30.25@31.25 8.750 9.25
Dressed hogs, ba?
con, lb.3f,???*.36% . .14%?.14%
Pork, bbl. 28.00@29.00 25.00@25.50
Mess beef. bbl... 14.00@35.?0 12.00@14.00
Lard. Middle
West, 100 lbs. .31.90@12.00 10.40@10.5O
Miscellaneous Markets
(Continued from urecsdln? onge)
Short Term Securities
Security. Rate. Due. Did. Asked. Yield
Copper Exp Assn 8s, 1924.102 102% 6.10
do 8s, 192.'....,.103% 104 6.20
Cudahy Pack 7s, 3923-101% 102 4.90
Federal Sug Ref 6?, 1924.300''. 3 01 6.411
Gulf Oil Corp 6s, 1923-101 101% 4.30
do 7s. 3 932.3 03% 104% fi.40
Hocking Val fis, 1924....100% 101 5.00
Interboro conv 8s, 1922.. 95 9? ???
K City Ter Ry ?", 1923..100% 101% 4.80
Kennccolt Cop Cor 7?, '30.104% 105>? t.io
Lac O Lt 1st r?*f 7s, 3929. 301 101% 6.70
Lib McN & Lib 7s, 1931.101% 102% 6.67
Sears Roebuck 7s, 3922..100 100% 4.05
do 7s, 3923.303% 101% 6.25
Solvay fr ?"o Ss. 1327.106% 107 6.32
Sthwn B?>ll Tel cvt 7s. '2:,.102% 102% -??
St P U D guar 6%s, '2.1.100% 301% 4.25
S O of N V 7s, 1325-1931 .104% 110
do 6%s, 1932 .109 109% 6.33
?Swift ?t Co 7s, 1925. ...101% 101% 4.40
tdo 7s. 1931.302% 103 6.12
Vacuum Oil 7s. 1936.308% 108% C.02
Va-Car Che m 5s, 1923_100% 100% 4.40
?Called for payment at 101% October 15.
1922.
tCalled for payment at 102% February
15. 3923.
Certificates of Indebtedness and United
States Treasury Notes
Appro*.
Month P. Ct. Year. Bid. Ask. Yield.
?December.. 3% 1922 100 - 3.30
?December.. 4% 1923
December IB. 4% 1923
?Miirch. 4% 3 923
May 20. 4% 1923
?June. 3% 1923
?September.. 3% 1923
?June. 5% 3924
"September. . 5 % 1924
?March. 4% 1925
?December.. 4% 1925
?March. 4% 1926
?September.. 4% 1926
?Acceptable in payment of Federal taxes
on the dates of maturity.
Joint Stock Land Bank Bonds
Bid. Ask. Yield.
Joint Stock Land Bank
6s. 1963-'31.301 103 4.60
Joint Stoc3c Land Bank "
5%S, 3963-3933.303% 105% 4.75
Joint Stock l^,and Bunk
5?, 3939-1924 . 99% 100% 4.83
Chicago Joint Stock Land
Bank 6%s. 1953-3931 ... 105% 106% 4.60
Chicago Joint Sto^k Land
Bank' 5s, 1937-3940_ 99% 100% 4.65
Chicago Joint Stock Land
Bank 6s, 3953-1933_102% 103% 4.65
Chicago Joint Stock Land
Bank 6s. 1953-1932_103 103% 4.50
New York Metal Market
Tin -was quiet with Straits and
Straits shipments quoted at 32.75(0;
33.25c; standard, 32.50, and 99 per cent,
32.62V2@32.?5. Copper quiet, standard
spot, October and November, 13.25?
13.62V?c, and electrolytic spot, October
'and November, 13.62]/?@14c. Lead firm;
New York spot, 6.65@6.75c, and East
St. Louis spot, 6.25@6.35c. Zinc
quiet; New York spot. 7.15c, and East
St. Louis spot, 6.75@6.85c.
?
London Metal Market
LONDON, Oct. 3.-?Standard copper,
spot. ?63l2s6d; futures, ?64 5s elec?
trolytic, spot, ?71 10s; futures, ?72 10s;
tin, spot, ?164 17s Od; futures, ?165 17s
6d; lead, spot, ?25; futures, ?24 7s6d;
zinc, spot, ?32 17s 6d; futures, ?32 7s 6d.
Stocks Ex Dividend
Date. Nf.mf. p C
Oct. 30?Alliance Realty Co. 2
Oct. 11?Am Coal Co of Allegheny Co.! 1
Oct. 6?American Ice Co. ] s?
Oct. 6? do pf., t j yj
Oct. 14?American Shipbuilding Co...! 2
Oct. 14? do pf._' ] a?
Oct. 14?Associated Dry Goc** Corp..! 1
Oct. 14?British Empire Si??rt Corp.",
Ltd, 1st 7% pf. n*r B.' \ *?
Oct. 14?Chicago Pneumatic Tenl Co... 1
Oct. 7?Del. Lack & West R R <"%>... \u.
Oct. 6?Dome Mines Co. Ltd., %
Oct. 10?-Du Pont De Nemours & Co
(E I) deb. lu.
Oct. 9?General Motors Corp. pf . . 'it
Oct. 9? do 67, deb. " ?2
Oct. -9? do TU deb. . 13
Oct. 10?Harbison-Walker Ref Co, pf.'. l u
Oct. G?International Paper Co, pf... ju,
Oct. 6? do stpd, pf. j t?
Oct. 14?Sinclair Consol Oll Corp.' it,
Oct. 14?Sterling Products, lnc. 2
Oct. 6?Union B?-r & Paper Corp....' j 14
Oct. 6?IT S Smelt. Ref & Mil?. Co, pf.. %
Oct. 10?Western Pacific R P. C?.ip. i?/ ?S
Wheat Higher on
Uneasiness Over,
Eastern Parley
Unlooked-For Strength in
Liverpool Market;
Heavy Speculative Buying
of Corn Also a Factor.
CHICAGO. Oct. 3.?Wheat prices de?
veloped an upward tendency to-day, ow?
ing- largely to uneasiness regarding tho
outcome of fthe armistice conference at
Mudania and as a result of heavy spec?
ulative buying of corn. The market
closed firm, % to l%c net higher.
Corn gained % to l%c and oats 1%
@1% to l%c. The finish in provisions
wa? unchanged to 7 cents lower.
Nervousness among wheat traders asso?
ciated itself In particular with unlooked-for
strength shown by tho Liverpool market, a
circumstance difficult to harmonize with
prospective peace at the Dardanelles. A
decrease In the Canadian visible supply
tola!, notwithstanding tho big movement
of wheat from farms In Canada, was an
additional bullish factor. Fresh estimates
of world import requirements and of the
1922 Canadian yielil were of only tem?
peran' effect In easing the market during
the middle of the session.
Bulges In the value of corn gave wheat
much of the rene?ved upward Impetus
toward tho close. Besides, a better flour
trade was reported, together with higher
premiums for wheat in position to be de?
livered on the spot.
Commission houne buying of corn was on
a broad scale, bullish crop estimates Issued
yesterday having a decidedly stimulating
influence on demand. Oat3 reflected "the
action of corn.
Grain Prices
Tsar
ago.
$1.27
Wheat
Yesterday's Brevlous
close. close.
No. 2 hard....$1.25 $1.23
Chicago^?Bango of prices:
Brov.
Open. High. Low. Close, close.
3.05 3.064 3.047? 1.06H 104%
1.08*4 1.08% 1.07% 1.08% 1.07%
Corn
Yesterday's Brevlous
close.
Deo
May
'lose.
?0.83%
Year
ago.
$0.66%
? f?9%
.63
-lose.
$0.51
.38%
No. 2 yellow. .$0.84
Chicago:
December.61 Vi
May .62%
Oats
Yesterday's Brevlous
close.
No. 2 white.. .$0.53
December.38 4
May.39 %
Rye?
Yesterday's Brevlous
oloe? close.
No. 2 white f.o.b.$0.86Vi $0.86?,;
Flour and Meal
Yesterday's Previous
close. close. _,_.
Ppgpt.$6.5O@?7.C0 $6.50?$7.00 $7.90@$8.40
? 'meal 1.924? 2.00 1.92? 2.00 1.75(8) 3.90
rtye. .. 4.76M 6.00 4.75? 5.00 6.60(3? 6.75
Bran..26.50@27.00 27.00@28.50 24.00? -
.65 %
Year '
ago.
$0.47
-4014
Year
ago.
51.06
Year
Bid ana Asked
Following are the closing bid and
asked quotations of stocks listed on
the Stock Exchange in which there
were no transactions yesterday:
Bid. Asked.f Bid. A3ked.
Ad Rumelj ..18 20 IKeok & 1) M. 4 6
AiV? & Sits.. 100 200 ! do pr . 20 ?
Alleff West..'.1004 - iKrcss & Co.. 80
Ail Am Cable.1144 ?- I ?1o pr .105
A til lienlt.v ..71 - \Ugs & M B.210
Al Clialm pr. 100 100-*?. Uma. Loco pr.lll
74 L-W B 1st pr.101
320
320
225
Am link Noto 71
do
Am Beet S pr 7;.
A H S & F pr.llO
Am Chicle .. 84
do pr . 20
Am Cot Oil pr 53
Am Brun ... 6%
H0
do 2d pr... 117
Lorlllard pr. .110
' iMac T 2d pr. 8.?
0 Mallinson p.?.. 90
:9 Man Sua-ar pr 80
? Man Eloo Sup 5314.
. - .? 64 Mannst Bosch i;
Am 31 .V L,. 184 144 Mar St Ry -u
Am Ice pr.. 91 OUilMat Al \v"' 4??
Am Malt & G % 4 Max Motor ' c't ]
Am Metal pr. 1094 111 ; do lu Dr et -,
Am Radia pr.119 : do 2.1 pr et 1
Am Sin pr A 07 074 May De St Dr 110
Am Snuff ....14*4 148% Me* Pet or 9?
d<> Pr ?.m" U0 i Mich Oentrai.Mo
A hum 1 pr ?J5 4 70 MBP&8SM 1 1 R?
Am Tel & C. 62 61 ?13 K 4 T ??
A To pr new.3054 106 | do pr ...]'_ \
Am Wh pr .
A Wr Ta pr
Aim Arbor
Art Metals. .
Assets RI Co
A I) G 2d pr 90
Atlantic Knilt 2
AG * \V I pr 10
Atlantic Pet.. 23
Atlas Powder J 40
do pr . 91
Aus Nlch pr. 8
ion
HO
ISO
88
M
SB
<84
134
15
Morris & r.V 78
3 83* Muillni Ht pr .
9 21 Nash Motor 47",
i4 154 do pr ..: Jo?
14 1% Nat Cl & ?,. r,8
?LL*?? . ?5 iUW
:-,*.>at Con & C ]3i i7,
23^ Nat E & s pr 98 101
384 Net Lead pr.316
I? h?? M at pr 9
92 NYC4SL 2d.. 8?
- .- 89 N Y Harlem 109
Auto Hales Co 24 84 N Y I, & w' 00
ud0. ?>' . 114 324 N Y Shlpbld?: 35
? * O pr.. 84 ?34?N Falls prlpr 107
Bamct Lea pr B0 -- I Norfolk So ?8
95
500
no
100
101
118
102
3 7
Banudall B... __
Bayuk Uros... 56
do pr .1!8
Beech Creek... 39
B Nut P pr. 10:1
Booth Plih... 8?i
Br lamp st.. 12
do 1st pr... 71
Brown Sh pr 97
Brunswick ..'. a?
BufT R & p. 7J
89
184
85
54 4
??i ?Norr * w pr 75
62 Nor Cent ... 71
131 Ohio Fuel . 62
? ?Out Slltor . 71- -T7
? Orph Ciro pr. 94' 100"
8% Otis Kleva pr.1024
18%Otla Steel pr. 54 S5U
7o Owens Hot pr,1404 --
984 I'acini: Coast.. 3 0 ' 1?
3 do 1st pr... 37 45
?? do 2d pr... 36 an
"? 'Pacifie Mall.. 134 i.
BulT & Sus.. n% ?o I Pan"? &"it"Dr
<Io pr . 50 .?,.-, '" ?
Burns Br.? pr 074 101
do prior pr. 97 4 302
53
00
4?i
45
300
55
10
92
5*
4S
i>7
Bush Term.
Can Souther:
Carson 31111.
Case J I pr
Case Plow
Certalnteeil .
do 1st ur...
CSPM& 0 pr.1054 109
0 C C. & S L 78 80
'lo pr . 95 07
H & ritts.. 704 ?
duett 1'ea... 02 61%
do pr . 974 102
C & S 1st pr 03 64
do 3d pr... 58 69
Con Cigar pr ?3 82
Con Bist ... 4 sj.
Con Gas Bait ? 319
Cont Can pr.106
Cent Ins Co. 89 91
freu Carpet... 26 35
Cu Am Hu pr 95 97
Dot II & Sw. 67
Det Mack .. 2S 90
do pr . 40 ?
Det In R.R.. 6?4 ?
Diamond M..1054 106
D S S & A.. 3 34
do pr . 6 8
Du P N pr. 884 89
Durham Boa.. ? 37
do pr . 70 ?
East 3iod pr. 108 .?
Klkhorn C pr. 374 39
Km Brant pr 36 38
Erin & Pitts.. 544 ?
Fisher By pr.310 118
Fis I? Oh pr. 934 94
Gaston Wim.. 4
Par & Bin?. 114 i'4
I'cnnoy J C pr OS ?
Pore M prt pr 78 7?
Petti Mulll... ._ jj?
do pr .? ij5
Phil Jones pr 85 93
Pierce Oil pr ?fit 40
P F W & C.12,1 I_
cl? Pi- .1404
IOO4
110%
106
47
73
117
Pitt? Steel pr. ??
Post Cor pr..llo
Pr St Car pr.102
Pr & Rof pr. 44
Rys 8ec _ 71
By 8t Bpr pr.310 il(
Rcadln? 1st pr 52 4 63?
Reis A Co... 1.14 ?g
?do 1st pr... 63 78
Rem Typ? .. 35 Sj
do 1st pr... 90 94
. do 2d pr... 70 73
Rens & Sar.,1234 ?
Heyn Sp? ... 244 26
Reyn Tob ... 794 85
?do pr .1184 117
Rutland R pr. 35 45
Sears Roe pr.1064 110
Shat Ariz ...? 914
Shell TAT 384 39%
Baolly Oil .. lo? 104
S-8 St & I... 49 r,o
_ ? - . 70 80
8 I' B Su pr 92 105
Spl'-er M pr.. 904 93
Standard Mill.135 137
do pr . 94% 95
Steel Tube pr 80 834
Stem B 8 pr. 100
Studebaker pr.115
Sup Steel pr. 90
ISun OH jr.. 98
4 Temtor A
302
118
Gn Asphalt pr 934 M4JT * P Id tr'.340 400
Gen Baklng^.124 132 [Third Ara BR. 21
984
I
do pr .107 111
Gen Citar pr 103 108
do pr deb. 102 107
Goodrlch pr.. 814 82
G M & N pr. 41 45
Hack Wat ..17 ?
Heime G W..105 ?
do pr .107 ?
111 ftnpr? 1.114
Int Cement ..814 83
hit liar pr. .1184 119
Int Paper pr. 95 | 110
do pr stpd.. 774 704
Int Salt .... 70 1 ?
Iowa Central. ? 64
?Toi & Fast.. 85% ?64
KCFS&M pr.. 67 674
Kelsey Wheel. Ofl 98
do pr . 994 1024
Kriage pr ...112 ?
T.b Prod pr.1084 110
TULA XV ctfs 68 70
do pr ctfs. 57
Trans & W 8 31
T C R T pr.. 90
Underwood T. 343
do pr .312
,Un Tank _112 ..?,
1144! do pr .1104 Ul?
tra Alloy St.. 87% 174
Un Cl?af St. .130 180
do pr .1U 135
Cn Drug ... 804 81
C8C1P& F pr 72 74
D S Express.. 7% 8
IT S I Al pr 90 105
rj 8 Tob pr.lll ?
iBtah Copper.. 88
Utali Seo Corp 23
V liaal 1st pr 95 0?
58
1524
320
1184
864
Exempt front alt Federal Income Taxes and Tax Exempt
in the State of Michigan
$500,000
State of Michigan
Highway Improvement 4% and 4Vi% Bond?
Dated October 1, 1922 Due as shown below
Principal and semi-annual interest (April 1 and October 1) payable
in New York City, or at the Office of the State Treasurer,
Lansing, Michigan. Coupon Bonds in denomi?
nation of $1,000, exchangeable for
fully registered bonds.
Legal investment for Savings Banks and Trustees in New Yorkt
the New England and other States
FINANCIAL STATEMENT
(Officially Reported)
Assessed Valuation.$5,320,000,000
Total Bonded Debt, including this issue. . . 61,500,000
(Less th-an l3/8% of Assessed Valuation)
Population (1920 Census) 3,667,222
These Bonds are direct general obligations of the State of Michigan, and
were issued to provide for the construction of permanent State Highways.
$240,000
41/i?, Maturing October 1, 1937
Price 102.75 and interest, Yielding over 4.00%
$260,000
4s, Maturing October 1, 1942
Price 100.50 and interest, Yielding over 3.95%
Legality to be approved b\) John C. Thornton, Esq., of Nexv York City
Barr Brothers & Co.
14 WALL STREET NEW YORK
Telephone Rector 4500
All statement? contained In this advertlsemont, while not gruaranttefl, are takan from lnf?yr
matlon which we consider reliable and upon which we based our purchase of these bonds.
For the purpose of accommodating
th? citizens of the State"
From the Chart? of Th? F*rm*r/
Loan end Trtut Company, iSsS
many investors a Transfer
Agent means a rather preoc?
cupied man behind a grill.
Consider the goodwill accruing to a cor?
poration whose stock transfers are handled
in the spirit of accommodation.
THE FARMERS' LOAN
AND TRUST COMPANY
16-22 WILLIAM STREET
FIFTH AVE. OFFICE,'475 FIFTH AVE., AT 41st ST.
President: JAMES H. PERKINS
Vfce-Presidentn SAMUEL SLOAN . AUGUSTUS V. HEELY ? WILLIAM B. CARDOZd
CORNELIUS R. AGNEW . WILLIAM A. DUNCAN ? HORACB F. HOWLAND ? HENRY KING SMITH
Exempt from All Federal Income Taxes
$500,000
State of Missouri
4^5% Highway Bonds
DUE SEPTEMBER 1, 1927
Principal and interest payable in New York City
Net bonded debt less than one-half of one
per cent of Assessed Valuation
Legal investment for Savings Banks and Trust Funds in
New York, Massachusetts, Connecticut and other States
Price to yield 4.10%
R. W. PRESSPRICH & CO.
40 Wall Street, New York Telephone John 0307
MUNICIPAL AND RAILROAD BONDS
Bid. Asked.
Va I O te C 63 55
do pr .81 85
Va n & P pr. 68VS ?
WabMh pr B 21 23
Weat'te A B. 9* 101
Bid. Aaked
W>?t'se M pr. 71 74
Wilson Co pr 88 95
Woolworth nr. 124% 125
WP & M pr A 86?4 &X%
do pr ?... 70 71%
Country Produce
Bntt?r?Receipts were 14,029 pn.cKa.ffes.
Creaipery. higher than extrae, 44%@46c
extras, 92 acore, 44c; firsts, 36c$43c
seconds, 33*?@35c; lower grades, 32@>33'*
centralised cars, 90 score, 37 % @38c; 89
acore, S6?36ttc; 88 score, 35',i @35?ic;
85 to 87 ecore, 34<g>36c; unsalted, higher
than extras, 45V4@46%c; extra?, 92 acore,
44H@46c; firsts, 37@43%c; seconds, 34V4?
S6c; lower grades, 33 ?34c; state dairy
tubs, finest, 42<S)43c; good to prime, 38?
4lc; common to lair, 30 4p37c; ladles, cur
**<*nt make, extras. 31<3>S2c; firsts, 29?3>
^Hc; seconds. 28?28Vi(c; lower grade!,
26?27t/sc; packing stock, current niak.s
No. 1. 28 Vic; JS'o. 8, 27 %c; lower grades,
2?@27.
ChOCB?. 'New York State flats. Tune app?
elais, 24Vj??2So; average run. 23 Vi (rf 24c: j
Now York State flats, fresh specials. 24 S? ??o
25c; avcraKe run. 24c; twins, fresh white
specials, 24c; Wisconsin, double Daisies,
23?23%c; single Daisies, 23 Va t?} 24e; Young
Americas. 23 H @ 24c.
Eggs?Receipts were 20,131 cases. Kresh
gathered, extras, dozen, 48?33>&Oc; extra
firsts. 43@46c; firsts, 38?42e; seconds and
poorer, 20@36c; trade eggs, 24@27c;
dirties. No. 1. 25@26c; No. 2 and poorer,
20@24e; checks, poor to choice, dry. 19?
23c; refrigerator, extra firsts, charges paid
to expirinfC dates, " 1 ? 3 ?c : firsts, M ttO
SOe; seconds and poorer, 233jT*28?; checke,
local candling, IS?20c; refrlgerfttot* whites,
?H ?45?'
nearby, 32?41e: Pacific ('0,.*,t'w.i? ?
other Western. 80?S5c: fresh. >? _ It
*?y. hennery whites, uncandled e*" ^
@75e; nearby hennery whites, ^"TrW
candled, 73@75c: nearby and near? jt|
ern hennery whites, average **l*T?'-a'?t.
70c; extra firsts, 62?65c; first* ?-vti0
nearby gathered whites, firsts ".aj??!
firsts, B5@<i3??: under grades, "T'tjrij
pullet eggs. 404?&SC: Pacific *-'*?t?\?r??*M
extras. Of,ice.;- extra flrJLtf??. c.Sw*fr
firsts. 65 W 68c: mediums, 4'*?B6*"?J!?'lSl%
40?43c: other Western and SOU? (J|
gathered whites. 4S?6Sc: n9*r? J 55?. .
nearby Western hennery browns. ?-?I. ?f,
Potatoes?Jersey cobblers. W^?iiSt?
$1.60; giant?. $1.20??1.36; N?. ?*7 gj
Long Island. 3 65 pounds, 88.?6B-* ?^
pounds. $2?$2 15; No. 2. ?l?*lj?-.?A3
Jersey, basket. 35o?f?1 : Baal*?*? "??jl
bbls.. $1.26?$1.T5; Delaware and ?aw
basket. 30? 85c.

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New-York tribune. [volume], October 04, 1922, Page 20, Image 20
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924