OCR Interpretation


New-York tribune. [volume] (New York [N.Y.]) 1866-1924, October 08, 1922, Image 42

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83030214/1922-10-08/ed-1/seq-42/

What is OCR?


Thumbnail for 8

Pacifie
Oil
f Company
Aft analysis of this company
wil_ be mailed to you upon re.
queat
We also solicit inquiries re?
garding the general financial
situation and individual securi?
ties.
W-C.HUTTON&CO.
>:?*_.-.?_!?*_? ist*
MF.JtBEKS
Xim York Stock Kxcbana*
Vv* York Cotton e_eh_.ni?
??>*???>_--?. Stax-k F.-chanc.
<*ttir??r> *???-. of TraiU
t ixj-iurjati stock K.rh_n_t?
??. _'. C_rb Market Atat'n
?C SroacVsy New York
Telephone l^wtin? Oreen 4140
riHST NATIONAL BAKU. VLUQ?
ClNClN'-iAT
Exchanging For
A Higher Income
Now is the time for you to ex?
change your low yield securi?
ties for those which bring a
greater return.
<*>ur bond trading- department 1? In
n position now to serve you to your
les'. fl?ivanta*??s. laet us know what
?securities you hold find wo will nr
i-aiitf?. the moat favora.1. exchange
possfb?e. You rnny recplve an tn
?TP-iiipd Inonme over the period of de?
clining yields by making an exchange
for a eeasonr.a
Non-C?llable Bond
Due in 17 Years
GIVING A SUBSTANTIAL
YIELD ABOVE THE AVERAGE
jFif? in the. coupon hclow. We will then
submit full details for your investi
aation. S'o obligation, of course.
C!ar??nce Hodsqn & Cb
' ' ESTABLISHED i$*S ??. ?NO
QPBC1AUZE IN 30UH? BONDS"
^ymiHINO ABOVE 7HB AVERAGE
135 Broadwe?y - New York.
Sen. for Descriptiva Circular R-18
Name?.
Addrrs?.
STOCK MANUAL
It contclns over 250 pages of
valuable condensed statis?
tics an?l Information relativa
to Blocks und bonds listed
on the ?eading exchanges In
United St.ites ond Canada,
// you cannot call, send for Booklet B ?..
WILSON & CHARDON
Members Consolidated Stock Kxoh. of N. T.
62 Broadway ISeu) York
Telephone Whitehall 1964
Missouri Pacific Pfd.
Circular of analysts
sent upon reQuest
FELLOWES DA?IS & CO
Jf?mi-.r- New ?Vorfc Mo.-k Bashanr*
t: Broadway. Tel. 4340 Broad.
Finished Cotton
Goods Are Firm;
Inquiry Sharp
Blills See Higher Prices;
Fall River Print Cloth
Sales Decline; Carded
Yarns Advanced Slightly
Special Vispatch to The Tribmns
NEW BEDFORD, Mass.. Oct. 7.?As
the finished goods markets held their
ground this week on the active trad?
ing experienced in the cotton manufac?
turing industry the last two weeks,
the cotton market moved up and closed
the week with a heavy inquiry and a
steadily increasing tendency to com?
plete sales.
Absence of many of the mill officials
from the city, either in attendance at
the National Association of Cotton
Manufacturers in Atlantic City or in
New York for seasonal business, took
the edgo off the New Bedford market.
Th<! finished goods market was firm,
with inquiry sharp, but, in actual
transactions, the bottom was estab?
lished on more restricted lines last
week. The raw cotton market forged
ahead d?jspite the handicap, but an?
other story woul4 have been told had
not other factors distracted mill men's
attention.
The improvement in the cotton mar?
ket applied especially to extra staple.
As the upward swing in prices started
early in the week, inquiries began to
flow into the market. There was a
distinct division on prices, however
Sales were accordingly confined to
t-mull lots tor quick delivery, both the
growers und the mills refraining from
commitments for future shipment.
1 rices on extra staple in New Bed?
ford advanced from half a cent to a
cent n pound.
*?_*> i*ct the movement of the market
and the sentiment as expressed by the
manufacturers at Atlantic City have
been toward higher prices generally
lhat the cotton situation is delicate
cannot* be disguised.
Carded yarns advanced ?lightly this
.week. Some cloth constructions
jBtrengthtwied their position, while nona
3ost ground in a period which afforded
opportunity for a decline. That the
mills have confidence in the ability of
finished goods to advance is indicated
by their refusal of commitments for
.future delivery. ,
The Fall River print cloth sales were
estimated at 180,000. This decline from
the average of the past month was at
? tributcd to the lack of demand for
wide constructions. The mills have
held firm on the new print prices estab?
lished last week. Low count 56-inch
?jroods featured the week's demand.
The low counts have been somewhat
ncarce and transactions have been with
fuil figures.
The tariff influence on cotton was
more in evidence this week than last.
Egyptians and Peruvians were subject
to more inquiry and prices strength?
ened. The Egyptian advance was more
pronounced, gaining 1 and 2 cents be
,.,.?-?. cf tr?a* f.-vor it l?no*v in with
the tariff removed. Pimaa felt the r?
; i i'.oii i ?ji;i the .Egyptian Sak interest
end prices on the Arizona cotton were
depressed. Piraas were alone among
the cottons that failed to improve its?
price level. Peruvians have not come;
into the New York market sufficiently,
yet to provide much buying from the
Short Prices
Iirejralar in
Act?v^Trade
Gose, However, Shows Ma?
jority of Net Gains on
Plus Side; Standard Oil
of N. J. at d New High
The financial markets yesterday paid
little attention to the Turkish ulti?
matum demanding that the Kemalist
forces be allowed to occupy Thrace.
The latter announcement from Paris
that the British and French reported
progress in their efforts to make n
settlement of the Near East problem
-jril a factor which had the effect of
steadying prices after a slight unset
| tlement at the opening..
Confidence that there will be no
clash betweeen the British and the
Turks was expressed in a stronger tone
to the foreign exchange market,
I sterling at one time being a cent above
tho closing quotation on Friday. The
' one exception, however, was marks,
which fell to a new low record. This
j was not surprising in view of the
i latest Reichsbank statement, showing
a record increase of 26,200,000,000 marks
j in circulation, which now stand* ?t
' 316,869,800,000 marks.
The movement of stock prices sug
i gested the disposition on the part of
trad?*"? *" even up commitments. This
: v.*aa reflected in the irregular display
? of prices at the closo of the market,
| although the majority of net changes
! seemed to be on the plus side. Stand?
ard Oil of New Jersey was bid up vio?
lently to a new high record price, tho
; prevalent belief being that the com
| pany will declare a large stock divi
; dend in the near future, following the
?action of the Standard of New York
directors.
The shipping? stocks suffered in con?
sequence of the Administration's
! order prohibiting liquor, not only on
American vessels, but on foreign ships
? entering American ports. The decline
j did not assume alarming proportions,
! however, because Wall Street construed
| the move to bo part of the government
program for creating sentiment in
favor of ship subsidies.
The extent of the week's advance in
j stocks was shown by the closing
j average of 91.42 for fifty selected Is?
sues, compared with 87.96 on tho
previous Saturday. The gain In the
bond list was less spectacular with a
movement up to 90.58 for fifty bonds,
contrasted with 90.32 a week ago. Yes?
terday's transactions in stocks were at
tho rate of more than a million shares
for a five-hour session.
The Russian ultimatum regarding
the occupation of Thrace had no im?
portant effect on the cotton market, nor
on European government bonds. Cot?
ton showed an easier tone toward the
last, but closed 1 to 10 points higher.
Tho wheat market was firmer, % to
1% cents up.
The Dollar in Foreign Exchange
Foreign exchange rates Interpreted
j development in Europe as favorable
j and steady advances were recorded in
' virtually all points of the list, although
?marks again fell to a new low record.
Cable rates on London advanced % of
a cent to $4.42%,
Changes during the week were to?
ward generally higher levels with the
exception of marks, which at .04% of
a cent were at their lowest point in tho
almost continuous decline of tho last
few months.
If you calculate the cost of the dol?
lar in terms of foreign money or cur?
rency exchange value?that is, if you
were buying a dollar with pounds,
marks or francs?its value yesterday,
compared with last week and the corre?
sponding date of a year ago, follows:
Yester- Week Year
day. ago.
In English..??....$1.11 $1.10
In French. 2.63 2.55
In Dutch . 1.03 1.03
In Swiss.1.04 1.04
i In Italian .......... 4.50 4.50
?In Swedish. 1.02 1.01
EUROPE
Yester- Previous
day. day.
GREAT BRITAIN (par ?4.86 a sovereign)
Demand....4.43% 4.41% 8.80%
Cablea ....4.42% 4.41% 8.81%
60-d bills (bu/g) 4.3S*?4 4.39% 8.77%
90-d bills (buy*g) 4.88% 4.38% 3.76%
FRANCE (par 10.3 cents a franc)
Demand. 7.00% 7.r>9 7.28%
Cables . 7.61 7.59% 7.30
BELGIUM (par 19.S cents a franc)
Demand. 7.12% 7.10% 7.19%
Cables . 7.18 7.11 7.17
SWITZERLAND (par 19.3 cents a frano)
Demand.18.73 18.69 17.93
fables .18.74 18,70 17.98
ITALY (par 19.3 cents a lira)
Demand. 4.28% 4.29% 4.01%
Cables . 4.29 4.36 4.03
HOLLAND (par 40.2 cent? a florin)
Demand.38.83 88.75 83.64
Cables .38.88 38.80 82.66
GERMANY (par 23.8 cents a mark)
Demand.04% .04% .81%
Cables.04% .04% .81%
AUSTRIA (par 20.3 rents a crown)
, Demand.0014 .0014 .08%
Cables.0014 .0014 .06%
NORWAY (par 26.8 cents a crown)
Demand.17.68 17.63 13.10
Cables ..,.17.70 17.66 12.16
SWEDEN (par 26.8 cents a crown)
Demand.26.60 26.46 23.00
Cables .26.63 26.48 23.05
DENMARK (par 26.8 cents a crown)
Demand.20.30 20.23 18.60
Cables .........20.32 20.25 18.66
SPAIN (par 10.3 cents a peseta)
Demand....-15.1? 16.17 13.24
Cables .15.20 16.18 13.25
PORTUGAL, (par 108.05 cents an escudo)
?Demand. 4.10 4.10 lO.oo
?Cables . 4.10 4.10 10.12%
GREECE (par 19.3 cents a, drachma)
?Demand. 2.85 8.00 4.30
?Cables . 2.85 8.00 4.35
POLAND (par 23.8 cents a. mark)
Demand.01 .011 .02
Cables.01 .011 .02
CZECHO-SLOVAKIA (par 20.3 eents a
crown)
Demand. 8.40 8.40 1.08
Cables . 8.40 8.40 1.10
JUGO-SLAVTA (par 20.8 cents a crown)
Demand.88% .38% .40
Cables .38% .38% .40%
RVMANIA (par 19.3 cents ?. leu)
Demand.62% .61% .88
Cables .,.62% .61% .87
FINLAND (par 19.8 cents a mark)
Demand. ?.26 2.25 1.50
Cables . 2.28 2.25 1.63
FAR EAST
CHINA (Shanghai par unsettled)
Demand.76.75 77.00 81.00
Cables .77.25 77.50 81.50
CHINA (Hongkong par unsettled)
Demand.48.20 67.30 67.60
Cables .48.25 67.50 67.75
?"APAN (par 49.8 cents a yen)
Demand.48.20 48.20 47.37%
Cables .48.25 48.25 47.62%
INDIA (par 48.65 cents a rupee)
Demand.28.90 28.90 27.76
Cables ....28.95 28.95 27.80
STRAITS SETTLEMENTS (par 66.8 cents
a dollar)
Demand....61.76 61.75 44.00
Cables .52.00 62.00 44.50
THK AMERICAS
ARGENTINA (par 42.44 cents a paper peso)
Demand.35.80 35.75 32.87%
Cables .35.85 85.80 83.00
BRAZIL (par 32.46 cents a paper mur?is)
Demand.1170 11.65 13.12%
Cables .11.75 11.75 13.25
PERU/(par 34.86 a pound)
Che?fks. 3.95 3.95 8.48
ECUADOR (par 48.60 cents a sucre)
Ch-.cka.21.?9 21.69 25,64
CHILE (par 36.5 cents a peso)
Checks.13.80 13.80 12.00
URUGUAY (par 10*.42 cents a peao)
Checks.75.80 / 75.70 67.37%
VENEZUELA (par 19 3 cents a bolivar)
Checks.18.88 18.38 16.12
C. mad taxi Exchange?New York fun?iw in
Montreal, 1-16 per cent discount; Montreal
funds in New York, U16 per cent premlnm.
?Nominal.
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dealing?
(Copyright, Itti, New YorU Tribune In?3.)
STOCKS *
Day Y?ar January 1 to date
Yesterday befar? aro 1822 1021 1920
Railroad ?tocks. ?43,700 97,600 30,800 44,073,000 26,696,100 40,483.900
Other stock? ....... 473,900 1,189,100 261,000 163,286,400 80,788,400 12733,400
AU stocka .? 817,600 1,286,700 288,300 197,360,400 107,480,600 167,771,300
BONDS
.Tannary 1 to ?ata
Yeatarday Day before Year airo 1922 1921
V. 8. K?T*rom*!*t bond?. 96.640.000 $4,250,000 12,688,000 $1,320,686,000 $1,604,697,000 ?
Other benda . 1.076,000 2.841,000 2,733,000 826,843,000 884,796,000
Railroad bonds ......... 1,866,000 3,330,000 3,499,000 1,049,216,000 666,091,000.
All bond?. 7,981,000 10,426,000 8,813,000 3,296,743,000 2.424,684,000
Record of Stock and Bond Average?
(Copyright, liai, New York Tribune Inc.)
CO Railroad atoelu
30 Industrial etocka.
50 Stecke.
??.?????
Tester?*
day
81.20
98.23
91.42
10 Railroad bonde .?.?....,? 87.4?
10 Industrial bond? ..Ma.^ 93.43
5 Utility bond? ........... 91.08
25 Bonds. 90.58
STOCKS
Day
before
81.20
98.17
91.42
Tee**
age
68.08
?7.40
89.40
BONDS
87.60 75.7?*?
94.-44 83.30
91.20 76.40
90.66 78.90
From Jan. 1
to date
High Lew
83.18 83.68
98.97 73.87
92.88 69.30
88.70
9B.26
92.36
91.72
80.88
88,66
80.63
83.03
Range foil
year 1921
High Low
67.38 67.*tO
79.13 60.30
73.38 61.02
82.12
87.63
81.05
88.30
High. Low. Dir, __, ?**?** _,,. _ _
1922. 1922. in $. Bat**. Open. Hit*. Low. Clou?. chge. Bid. Art.
83 48 - Adam. K-proas. 400 83 83 82% 82?4- % 81 82%
66',*. 46% 4 Air R?duction . 900 68% ?? ?? e4H+ 54 ?H J4'/*
18% ei/a ? AJa* Robber . 1600 16% 18 15% 16 - 1534 16
T'a Va? Alaska Gold Minea.. 300 % 14 % %? % % '/a
91% 66% 4 Allied Chem & Dira.. 600 S4,-_- 84% 84% 84%? % 84% 88
69% 37% '4 Allls-Chalmer?. 400 67 67 67 67 ? 1 87% 67%
42% 89%? Amer Agri Chem..., 100 88% 88% 38/* 88'/*? Va Wz 38%
77% 67 ? Amer Ban?. Noto.... 100 78 73 73 73 - 70 74
88% 61 4 Amer Brake Shoo Fdy 100 82% 82% 82% 82%? % 82'/2 82%
66_? 82'/? ? Amer Can . 2-00 65 65% 65 66%? % 85% 65%
11 OU 93% 7 do pf. 100 109% 109% 109% 109%+ >/4 109% 110
193 141 12 Amer Car A Fdy.... 200 188 188 188 188 ?1 187'/2 188
S-V. 15/*? Amer Cotton Oil.... 200 27 27 26% 26%? % tWa 27
7?4 4J4? Amer Droir Syn.... 1C0 6% 6% ?'/? _y*? '/? 6'/4 *Va
60% 33 ? Amer Inter Corp.... 1600 ?37% 37% 36% 37%? % 37"/4 87%
13% 914 1 Amor-La Fra Fit? B 300 12',. 12% 12'/? 12%- 12'/* 1?%
40% 29%? Amor Linseed. 3300 38% 39% 38% 38%+ % 38% 39
60% 52 ? dop.. 700 58% 69% 68% 69'/4+ % 583/4 69%
128% 102 6 Amer Loco. 1600 127 1?7y_ 120% 126%? % 126% 127
121% 112 7 do pf . 200 120 120 120 120 + % 119% 121
62!/, ?44 S Amer Metal. 200 48% 48'/? 48% 48'/_? Va 48% 49%
113'/4 107 7 do pf .?. 100 111 111 111 111 + ?/* 1103/* 111
8% 3% .23 Amer Safety Razor.. 300 7 7 7 7 + '/* 6% ?
25% 6% ? Amer Ship Com..... 11800 22% 22% 21'/* 22%?1% 21'/? __.'/_
?714 43%? Amor Smeltta? ..... TOO 62 62 ?2 62 - 61% 62'/*
10314 86/e 7 do pf . 100 101% 101% 101% 101%- 100% 101%
97% 87 6 do pf A. 100 97% 97% 97% 97%? % 98% 99
46'/8 30% 3 Aftier Steel Fdy...? 900 ?4'/* 44% 44% 44'/*? % 44'/* 44%
85% 64% ? Amer Sugar. 200 80 80 80 80 ? % 79% 80
112 84 7 do pf. 100 109 109 109 109 ? % 108 110
47 23'/* ? Amer-flnmatra Tob.. 100 39% 39% 393/4 39%- 393/4 40
128'/* 114% 9 Amer Tel & Tel. 2500 123% 123% 123 123%? % 123% 123%
4% 2% 6 do right. . 3600 4 4% 4 4 ? % 4 4%
169% 128% 12 Amor Tobacco . 200 161% 162 161% 162 ? % 162 163
165% 126 12 do B . 100 159% 159% 159% 159%+ % 168 159
23% 6 ? Ainer Water Works.. 100 2634 26% 263/4 26%? '/* 23 27%
55% 17'/*? do pf . 1?0 53% 63% 53% 63'/a? 1 63'/* 64%
105 78/* 7 Amer Woo! . 1600 100 100 99% 89%? % 99% 99%
21 12% ? Amer Zinc & Lead.. 100 19% 19% 19% 19%-- 19 19%
67 47 -_ Anaconda ........? 2200 52% 52% 62 62 ? % 52 62%
63% 43 4 Asno Dry Goods. 300 63 63 62% 62'%? % 62% 62%
91 757a 7 do 2d pf._.,, 100 G9% 89% 89% 89%? 1% 89% 90
135% 99 6 Associated OU ...-* 800'122% 124% 122% 124%- 123% 124%
108% 91% 6 At.hi.on ._,..., 1100 106% 1063,-4 1063,4 108%? % 106% 1063/.
95% 83 5 do pf. 200 93 93 93 93 - 92% 93
124% 83 7 Atlantic Coast Lino. 700 120 120 119% 120 ? % 119% 120
5% 1% ? Atlantic Fruit . 100 2 2 2 2 ? % 2% 2-M
43% 23% ? A?, Gulf & Wast Ind 100 30% 30% 30% 30%? % 303/4 31*
31'/* 18% ? do pf . 100 21% 21% 21% 21%? % 21 22
1330 900 20 Atlantic Refining.... 20 1320 1330 1320 1330 +55 1340 1400
22% 13%? Atlas Tack ......... 100 19% 19% 19% 19%? % 19% 19'/
40% 9% 7 Austin Nichols ..... 600 36 36 353/4 353/4- 35% 36
16% 10%? Auto Sales pf. 100 11% 11% 11% 11%? % 10% 15'/
140% 9234 7 Baldwin Locomotive. 2100 137% 13734 137% 137%? % 137 137'/
60% 33%? Baltimore & Ohio.... 1300 65% 6534 55% 553/4? % 65% 653/i
66% 19% ? Barnsdall Corp A.... i?00 38 38 37% 37%? % 37% 37^
1% %? Batopllas Mining.... 100 % % % %- % TA
45% 30 .48 Beech-Nut Packing*.. 400 44%? 44% 44'/* 44%? % 44 48
82% 55% B Bethlehem Steel B. . 2600 75% 75% 743/4 76 ? % 74% 75'/
77 68 7 British Em Stl 1st pf 100 74 74 74 74 - 71 78
124% 100 8 Brooklyn Edison. 100 118% 118% 118% 118%+ % 118 118?
29 6?4 ? Brooklyn Rapid Trans 600 24% 24% 24% 24%? % 24 24-/
24% 6% ? do ctfs . 100 20% 20% 20% 20%? % 20% 20'/
64% 42 ? Brown Shoe . 300 69% 59% 69% 69%? 134 69 62'
92 80 6 Baff, Roch & Pitts pf 33 92 92 .2 92 - 92 94
61% 28% 2 Burns Bros B. 300 48 48% 48 48%+ % 4734 48'/,
8% 6% ? Butte Copper & Zinc 100 7% 7% 7% 7%? % 7% 7V,
35% 2034 ? Butte & Sup Copper 600 33% 34 33% 34- 3334 33?
34 18 ? Butterick . 100 20% 20% 20% 20%? 1 20% 2.V/
86% 68 8 Calif Packing . 300 85 85 84% 85 - 84% 85'/
71% 43%? Calif Petroleum. 1700 65 65 64% 64%? % 64% 64?;
11% 5% ? Callahon Zinc A Load 100 9% 9% 9% 9%- 9% 93/
151% 119% 10 Canadian Pacific... 2400 14634 147 145% 145%? % 145% 146'/
93% 68 7 Case, J I, pf. 100 92 92 92 92 + % 88 92
44% 29%? Central Leather. 300 41% 41% 41% 41%+ % 41 41"/
82% 63%? do pf ._..?,. 200 79% 79% 79% 79%- 79 791/
41% 3234 ? Cerro de Paseo..,.? 400 39% 39% 39 39%+ % 39 39?
79% 4734 6 Chandler Motor?.... 800 62% 63% 62% 62%? % 62 63
79 64 4 Chesapeake & Ohio.. 11O0 74% 74% 7334 74%? % 73% 74'/
105% 104% 6% do pf . 600 106% 105% 105% 105%*? % 105% 105'/
1234 1% ? Chic & Alton. 300 8% 3% 3 3 - 234 3'/
20% 3% ? do pf . 200 6 5 B 5 ?? 4% 6
10% 4% ? Chic Great Western. 600 6% 6% 8% 6%+ % 6% 61
24% 11%? do pf . 200 14% 14% 14% 14%- 14% 15
36% 16% ? Chic, Mil & St Paul. 400 32% 32% 32% 32%- 32 32?/,
66 29 ? do pf . 1200 60 60% 49% 50%+ % 50 601/
95% 69 6 Chic & Northwestern 100 92 92 ' 92 . 92 ? % 92 93
60 3034 ? Chic, Rock Isl & Pac 1500 43% 44 4334 44 ? \/~ 44 441/
9334 70% 6 do 6% pf., 400 92% 92% 91% 91%? 1% 92 93
105 83% 7 do 7% pf. 300 100 100% 100 100%+ % 100 100?/
27 15%? Chile Copper . 2500 26 26% 26 26%+ % 26% 261/
33% 25% ? Chino Copper . 400 29 29 29 29 - 29% 30
78% 41 4 Coco-Cola . 4700 78% 79 78% 78%+ % 78 78'/
114?. 64% 6 Columbia Gas & Elec 100 108% 109% 10.34 109%+ % 109% 109'/
.6% 1% ? Columbia Grapho ... 200 3% 3% 3 3%-' 3 3L
79% 65% 6 Comp Tab Record... 300 72% 7234 72?4 723/4? % 72% 73
42% 18%? Consol Cigar . ?00 39% 39% 39% 39%? % 39 40
47 44% ? Comm Solv B. 400 45% 45*4 4534 45%? % 45% 46'/
60 48% 4 do A . 100 49% 49% 49% 49%+ % 49' 491,
146% 85 8 ConBol Gas . 2600 138 138% 137% 137%? % 13734 138
15% 9 .? Consol Textile . 600 10% 11 10% 11 + % 10% 11
92 45%? Cojntinental Can. ?100 88% 89% 88% 89%-' 89% 89}
126 91% 4 Corn Products . 4000 I2334 124% 12334 124 ? 1% 123% 124
120% 111 7 do pf. 200 120% 120% 120% 120%- 120 123
53% 31% 4 Cosdcn & Co. 6200 49 49% 48% 48%? % 48% 485
1% 1 7 do rights., 4600 134 1% 1% 1%?? ? ?
9834 6234? Crucible Steel . 1000 85 85% 85 86 ? % 84% 83
18% 8% ? Cuba Cane Sugar... 700 13% 13% 13% 13%? % 13% 13'/
41% 15%? do pf . 200 36 36 35% 35%? % 35% 36
28 14% ? Cuban-Amer Sugar.. 2600 23% 23% 22 22 ? 1% 23% 23}
65% 43 ? Davlson Chem . 300 ?48 48% 48 48 ? % 48 4SI
141% IO634 8 Delaware & Hudson. 1000 136 136 136 136 ? % 136 136'/
143 110% 6 Del, Lack & West... 100 138% 138% I3734 138 - 138 138'.
118% 100% 8 Detroit Edison ...... 200 11234 113% 11234 113%? % 113% 113?,
89% 18% 2 Domo Mines . 2000 37% 37%. 37% S7%? % 37?4 38
169% 118 8 Du Pont de Neraour? 1000 168 158% 157% 158%+ % 158 159
88% 70 B Eastman Kodak .... 400 85% 85% 85% 85%- 85% 86
67% ?40% 3 Electric Stor Battery. 1600 55% 55% 68 65%? % 65% 65!
44% 22 ? Emerson-Brant pf ... 100 36 36 36 86+1 35 36
89% 76% 8 Endicott-Johnson .._, 900 84% 85 84% 84%? % 84% 84'
18% 7 ? Erie., 400 16% 16% 16 16%- 16 16'.
28% 11% ? do 1st pf...,.,... 700 25% 25% 25% 25%- 25% 25',
20% 7% ? do 2d pf. 100 19% 19% 1834 19%? % 19% 19!
20% 14 ? Fairbanks . 200 17 17 16% 16%? % 16 17!
107 75% 8 Famous Players . 600 98% 88% 97% 97%? 1% 98% 98*
107% 91% 8 do pf . 300 104 104 103 103 ? % 103 104'
62% 37 5 Fed Mln & Smelt pf. 100 60 60 60 60 ? % 60 60'
138 75 10 Fisher Body . 2000 133% 138 133% 138 + 4 137 139'
103% 76% 8 Fisher Body Ohio pf. 400 93 95 95 95 - 100 120
19% 11%? Fisk Rubber Tire- 400 12% 13% 12% 13%+ % 13% 13=
26% 12%? Frceport Tosas. 1600 23% 23% 23'/* 23%? % 23'/* 23=
71 45% 3 Gen Amer Tank-. 100 67% 67% 6734 67% + % 66% 67'
73% 55%? Gen Asphalt. 200 64% 6.% 64% 64%? % 64% 84'
109 106 ? Gen Baking pf. 100 109 109 109 109 + 1 108 ?
15% 8% 6 G.n Motors .25600 14% 15 14% 15 + % 14% 15
86 69 6 do pf . 100 85% 85% 85% 85%- 85 80
89 6734 6 do 6% deb. 400 85 85% 85 85%+ % 85 85'
100 79% 7 do 7% deb-.... 100 99 99 09 99 + % 88% 99
18% 13%? Glidden Co . 100 13% 13% 13% 13%? % * 13% 14
8% 6%? Goldwyn Pictures..,. 2800 8 8% 7% 7%? % 7% 8
44% 32% ? Goodrleh, B F. 300 33 35% 35 35 + % 34% 35!
91 80% 7 do pf . 200 83% 83% 83% 83%+ 2% 83 84
35 25 ? Granby Mining. 800 31% 3134 3I34 31%+ % 31% 81
95% 70% 7 Great Northern pf.. 900 93% 93% 92% 92%? % 9*134 02
45% 31% 4 Gt Northern Oro subs 100 39% 39% 39% 39%? % 39% 40
14% 6% ? Guantanamo Bhgar.. 100 12 12 12 12 ? % 11% 12
47 16 ? Gulif, Mob & Nor pf. 300 42% 43 42% 43 _ 43 44
04% 44%? Gulf SUtes Steel- 13100 90% 92% 90% 91%+ 2 9134 92
3% %? Hablrshaw Electric. 200 1% 1% 1%, 1%_ 13/ 1
103 80% 7 Hartman Corp . 100 85 85 85 86 _ *) 8b' 87
90% 70 ? Houston Oil . B50O 88 89% 88 8834? 1 88% 88
24 19% 2 Hudson M.tors.-1700 21% 21% 21% 21%? % ?ia_ 21
23% 10% 1 Hupp Motor? ....... 600 22% 22% 22 22 - % ?S o
116% 97% 7 Illinois Central . 400 115% 115% 115 115 _ 114 115
118 105% 6 do pf. 500 116 116 118 116 + B_ 11B 116
B 3% ? Indiahoma Refintng.. 300 4% 4% 4% 41/,_ 41/ 4
11% 6?4-Indian Refining. 100 8% 8% 8% 8/_? '/_ gu_ a
45 37% - Inspiration Copper.. 800 38% 38% 38% 38%- 134 88g 39
1..-U !_> ~ ?n*?Tb?i? o*?-. 100 1% 1% i!4 i?/4? *5g 3!;
?2% 3% ? do pf . 300 3% 3% 3'/* 31/L- u ,.,* .
43% 33 - Inter Agriculture'pf. 100 37% 37% 37% 37%Z Y* ,,* ?
S0% 20% 2 Inter Combustion.... 1000 28% 28% 28 2_3? V ?./ II
S8_ H 1 *??????*???.. -r- m 15% 15% 58= g igt 1
87-*>8 53'/? 6 do pf . ____ e?ji/ coa,- fi03, .' <*? "?*f '?
19 iw~ r,er?ickei.?*16^ vr X4 ;27 7-va sa s
3 >\- ??~?:::::: S h \ % %|? S
22% 10 ? Jewell Tea . 200 19% 20 1037 o?%- %
30% 22 - Kansas City Southern ?? 24% J?% ?* g T",/ "_> 2?
7% 3%- Kansas Gulf Co. 3600 3% 4 ?1/ *L? W Z3% 24
48% 34 - Kayser, J, new. 1400 46% 4k ?2_ ?%7 % *X* 3
106% 94 7 do pf ?cw. Jg ?S* ,_?* ,?* ,J!%+ % ?% ?
63% 34%- Kelly Springfield.... 4600 41% S?, ?? .LTT 102 1W
39% 25%- Kennecott Copper... 1300 VA ?v t7* ?%+ "\, 42^ 42
24% 7%- Keystone Tiro . 2600 7% _?_ %y 3LT __ *tf* 3E
16. 110 7 Kre.ge, S S. 100 18B ?a ?a S .-!/4+ % 8 8
83 44 - L^ka^na Steel..: 3_? 'J-L %, 1* % +? ? ? ?C
E6% 10 ? Lake Erie & Western 100 353/ ?_? ?li? BV/*~ % 81 81
72 66% 3% Lehlgh Valley . . ? *? 67% J?* ?^ lf?+ * *** 3?
??-_.___,_____. 67!/2 68 "- 67% 68
68%
23%
67%
141 Vs.
61%
107
69
40
94%
52
68
43"/a
69
46%
38 ?
108 7
25% ?
72 6
67 4
15% ?
62/4
SO!/*
38
32
35
22%
??!>?
14lV"a 101
21% 131/a
?504 '/3 108-H 12
?"?4/a 1<*V? 6
32/e
31%
16
45/a
14%
19%
48%
25/4
63%
25%
17/a
11%
206
12 6
25% 2
11% 12
27/a ?
5 ?
7/e ?
Ml/5 ?
18 ??
43/a ?
12 ?
13 1
10/4 2
123'% 7
28 ?
1 .?
30% ?
81 7
85 6
3 ??
13/4 ?
84% 8
%
8
5
1
2
7
5
48
65%
105
HO/4
7/4
19/a
82%
3%
100%
01
351/4
30/a
125/8
99%
28
90%
4%
28
163
16/2
42%
14'/8
91 Va
69%
8S/2
82 Vz
4914
13%
99
263/8
40%
74%
45%
59/4
24%
49
12
71 '
49/a
723,6
97%
41%
2434
116%
Hi/a 105% 8
51 24% ?
7234
51%
12%
19%
96/4
44/8
3/a -
73/2 5
2/4 ?
12% ?
116 8
9% ?
24% 2
3/2
62% 6
44% S
48% 6
44 e
331/4 2
6 ?
59% 6
10% ?
19 ?
60/? a
31/a 3
28/4 2
8 ?
18% ?
5% ?
32 ?
39% 4
6734 ?
85 7
23 ?
49 36
9834 60
139% 105/a
63/4 303/4
1261-4
19
83
59/2
91
41
78%
95/2
14/a
58%
67
20/4
?-2%
58
54/a
24%
5/4
947/a
23/4
??8/2
38%
102
11%
96%
28%
68
67/4
24
141
136
228/2 169
Hieb. Low. Dir,
1922. 1922. In $.
62% 3/a Lima Loee?,
11 ? Loew's, Ine ........
Loose Wile? III......
Lou ft Nash .?,.?.,
Mack Truck ?........
Marknj? Co .........
do pf ...m.aaaaaa*
Malllnson .........?
do pf .???...a
Manat? Surer ......
Manhat Guar.
Ma.ili.nt Shirt .
Mar St Ry prior pf.
Marlond OU .
Martin Panr ,..,..
Min* Dept 8t?W**e ...
Mclntyre M ........
Mcx Petrol .
Mex Seaboard O ,...
do ctf .
Miami C Cop .,
Middle States OU...
Midvale Steel ......
Minn ft St L ......
M, K & T new.
do pf n ..........
Mo Pacific ..?
do pf.
Montgomery .Ward.,'
Moon Motors .......
Motherlode Minina:..
Not Biscuit .
Nat Cloak ft Suit...
Nat Con & Cable...
Nat Enamel ft St..,
do pf.
Nat I^iad .
Nat Kit of Max 2d pf
Nevada Con Copper..
New Or, Tox & Mex.
N Y Air Brake righto
N Y Central.
N Y, Chic ft St L...
N Y, N H ft Hart..
N Y, Ont & West. ..
Norfolk & Western..
North American ....
do rights.
Northern Pacific ....
Okla Prod .
Orpheum Circuit ....
Otis Elevator .
Otis Steel .
Owens Bottling, Mach
Pacific Develop .....
Pacific Gas & Elec..
Pacific Oil .
Pan-Amer Petrol .,.
do B .
Pennsylvania R R...
Penn Seaboard Steel.
People/a Gas ft Coko.
Peor?a & Eastern....
P?re Marquette .....
do pf.
Philadelphia Co ......
Phillips Petrol .
Pierce Arroiv ?mfl
do pf.
Pierce OU.,,??
do pf.
Plggly Wig Stores...
Pittsburgh Coal .
Pittsburgh Steel pf..
Pitts & W Vo.
14/4 I/a Pond Creek Coal....
66/2 6 Postum Cereal ....,-.
do pf.
Prod & ?lefn,......
do pf .
Pub Ser Corp of N J
Pullman Co .
Punta Alegro Sugar..
Pure Oil. ..
Rway Steel Spring-...
Ray Cons Copper...?
Reading .
do 2d pf.
Remington Typ 1st pf
Replogle Steel .
Republic Iron ft Steel
- do pf .
- Republic Truck .
3 Reynolds Tobacco B.
3.88 Royal Dutch .
1 St Jo Lead.
St LouU-San Fran...
do pf .
St Lou!.?? Southw pf.
Savage Arms .......
Saxon Motors ......
Sears, Roebuck.
Seneca Copper.
35% .83/a Shell T & T.
183^ 2 Sinclair Consol.
do pf .
8kelly Oil.
Southern Pacific.
Southern RR .
do pf .
So Porto Rico Sugar
Splccr Mfg .
Standard MUllng_
Standard Oil of Calif
Standard Oil of N J.
Steel ft Tube pf.,...
Sterling Products....
Stewart Warner,....
Strontberg Carb...'..
Studebaker.
do pf.
Sbmarine Boat.
Sweets Co .,
Tennnesseo C ft C...
Texaa Company.
Texas Gulf .
Texas & Pacific.
Tex-Poc Cool ft Oil..
Third Avenue .
Tidewater Oil.
Timken Roller B....
Tobacco Products....
do pf .
do A .
Toi, St L ft West B.
Transcon O .
Underwood Typowr..
Union OH .
Union Pacific .
4 do pf.
2 Unit A! Steel .
7 United Cigar St pf..
3/a United Drug 1st pf..
8 United Fruit .
United Ry Inv.
do pf .
United Retail Stores
U S C I P & P.
U S Ind Ale.
O 8 R ft In?.
U 8 Rubber.
do 1st pf .
U S Smelt ft Ref..
U S Steel .
do pf .
Utah Copper.,.
Utah Sec Cor.
Vanadium Cor .....
V Raalte 1st pf.
Virginia-Car Chero..
Va Iron C ft C.
Vlvaudou .
Wabash .
do pf A .
Wells Fargo .
West Mary .
West El pf .
West Pac .
Western Un Tel_
Westinghouse Mfg...
do 1st pf .
Wheeling ft Lake B.
Wh Eagle.
White Motor? .
White OU .
Wick Sp S .
Willys-Overland ....
do pf.
Wilson Co .
Wisconsin Central ..
Woolworth.
Wright Aero .
26%
94 8
13/2 -
71 % 4
45% 2
55 ?
25/2 ?
46/4 ?
74 ?
2 ?
43 3
47/4
12%
20% ?
36 ?
323/8 _
10 ?
1/s ?
69% ?
9% ?
97% 8
9/e -
78/8 6
17/e ?
4534 ?
43 ?
17 ?
113
91%
90
58%
52%
59%
139/a
118
834
6
1234
50/2
61/a
36
3234
25%
?154
32/a
67
115
89/a
74
.20/8
63
45/a
24/8
36/4
79/a 10
100
334 _
2 ?
9% ?
42 3
38/2 4
24 ~
23 1
14 ?
IO734 ?
28/2 3
5234 ?
88 7
76% 7
14 ?
7/2 ?
145/4 125 10
25 17/4 ?
15434 125 10
80 711/4 4
41/4 25 2
104% 7
41/a
11934
7/a
20/4 ?
43% ?
16% ?
37 ?
55% ?
49/2 ?
91 8
3234 ?
82 5
114'4 7
60% 2
114
51%
157
19%
36/2
87%
39
6734
88%
67/2
107
4534
106%
123
71 /a
23'/?
63%
100
36%
94/a
14
14%
35/2
93
17/4
112
24%
121/4
65/8
75
16/a
33
54
11%
21%
10
49/*
60/a
33/4
199% 137
11 6
30/4 ?
90 7
26/4 ?
43 ?
6/a ?
6 ?
19/8 ?
66/4 5
8/4 ?
101 7
13% ?
89
49/a
65
25 2
35/a 4
7/2 ?
12 ?
4/a ?
24 ?
27% ?
25 ?
8
1
Seles. Open.
1200 607/,
700 21%
600 6,1
200 138
1000 69
200 99 Va
10O 69
COO 361/4
100 93
100 42/a
200 62
100 42/4
200 69
1600 39/a
200 30
100 140
100 17/a
20000 180y8
8100 15/4
2000 12/a
100 29
6700 13%
2100 S3/a
100 8/a
600 18/?.
600 ?44%
200 21/a
60O 68
? 400 21%
1200 17
200 10/a
900 197
100 61%
200 1%
900 66/4
100 100%
200 108%
100 4
300 16/a
700 82
14-00 %
2000 96%
100 8934
1500 3034
200 25/2
700 119
600 96%
100 27
100 86/2
200- 234
800 26%
100 159
200 12 ;
300 4O/4
400 4/4
600 86/a
8500 58%
9100 76%
2400 73/4
1400 48/4
2000 8
100 96/2
100 21
800 87%
100 74/e
100 ?43%
1000 52/B
200 14/a
400 34%
1400 7
100 60
200 43
800 6O/4
100 97%
200 S8/2
200 20
400 114%
100 111
6200 49%
100 47
300 96/?
2500 130
600 48
1000 32
100 122
900 16/a
1600 78%
100 62/2
100 91
2500 36
40O 68
100 8634
300 2%
22C0 66%
3200 68
100 18%
600 09
200 51
200 63
1800 17/a
200 4%
100 90
100 10/4
100 38/2
32200 37
600 101
2900 11%
2000 04/4
8800 2534
11400 64
100 45/a
400 20/4
100 136/2
17000 129/4
23000 224
100 80
1000 68%
200 61%
300 66/4
16000 131%
200 115
2000 8/8
1200 2/4
100 934
2-4000 60/4
100 60 Vz
2100 30
1600 26%
100 21/a
400 153/a
3000 31/2
3200 63/4
200 109%
3500 85%
200 74
22O0 15/8
100 145/4
100 19/a
110O 150%
100 78%
100 37%
100 114
200 49%
" SOO 155
100 14/4
800 32
3300 8T/2
200 34
700 65%
2200 87
6400 52%
500 100%
200 43
28400 106%
200 122
400 66%
200 213/4
1400 46/2
100 100
100 28
100 53
100 13%
300 12
700 32%
700 83
100 14/4
600 109
100 17%
1800 116%
300 62%
100 72%
100 12%
30O 31%
100 50/g
200 7%
600 13
600 7
200 43%
500 45%
200 31
300 ,199/a
100 10/4
i High, Low.
60% 60/,
21% 21/a
61/a 81
138 138
69 68%
99/4 98
69 69
86/g 85%
93 63
42/a 42/a
52 52
42/* ' 42/4
69 66/2
39% 89/4
80 80
140 140
17/a 17'/a
184% 180/a
16% 15
13/a 12/a
29 29
13% 13%
33% 83/a
18/e 18
44-jl 44%
21% aW
58 67%
21%
1-8%
10% 10/a
200 197
61% 61%
1% 1%
65% 66/4
100% 100%
10834 108/a
4 4
16'/a 16/a
82/4 82
% %
98 96%
89% 89%
30% 3084
25/a 25
11934 119
96% 96%
27 27
86/2 86/z
2% 2%
26/8 25%
159 159
12 12
4O/4 40/4
4/4 4%
85% 85
59/a 68/a
78% 76%
75 73/4
48/4 48/a
6/B 6
96/2 96/a
21 21
37% 37/a
74/g 74/2
43% 43%
52/a 61%
14/a 14/a
35 34%
7% 7
60 50
43?/e 43
60% 60%
97% 97%
38/a 38/a
20 20
114% 113/2
111 111
49% 48/a
47 47
96% 96/a
130 128
48% ?48
32/2 32
122 122
15% 15/a
78% 78/8
62 Vz 52/a
91 91
36% 34/2
68 57%
8634 863/4
2% 2%
66% 66
58/2 67/a
18% 18%
29% 29
61 51
63 63
1934 I7/4
4% 4%
90 90
10/4 10/4
38/2 38/a
3734 37
102 101
11% 11
9414 93/a
27Vs 253/4
68 64
45/a 45/a
20/4 20/4
136/a 136/a
132 129/a
228/a 223%
80 80
68/4 67/a
51% 51*4
66/4 66/4
133 131%
115 115
8/a 7%
m 2/4
934 934
5O/4 49%
6O34 69 Vz
30 . 30
27 26%
21/a 21/a
153/a 162
31/2 31%
64 62%
109% 109%
86% 85%
74 74
IS/4 14%
145/4 145/4
19/a 19/8
150% 160%
78?4 78%
37% 37?4
114 114
49% 49%
155/2 155
14/4 14'/4
C2 31
82/4 81
34 34
65% 66%
88% 87
64% 62/4
IOO/2 100%
43 43
106/a IO5/2
122'/,, 122
86% 66%
21% 21%
46/a 45%
100 100
28 28
53 53
13% 13/4
12 12
32'/i 32
93 91
.14/4 14/4
109 109
17% 17%
II734 116/a
62% 62%
72/a 72/a
12% 12%
31% 31/a
60% 60/a
7% 7%
13 12/a
7 7
43% 43%
48 45/a
31 31
199/2 199
IO/4 IO/4
Mel
Close, chge, Bid.
60%- Va 60%
21%-?-? 21/a
War- V/a 61
138 ?- 137
59 -i- % 88%
98 ? 2 95
?39 _? oe%
86%? % 83%
?3+1 ?O
42/g- /a 41%
62?2 52
42/4? /? 41%
86/a? 2/4 66%
39'/a?? 39/a
30 ? 1% 30
140 -f- /a 139
17/a- Va W-*
185%+ 3/4 183%
18/?+ Va 1?
13/4+ Va 13
29 + V? W/a
13%-? 13/a
33%+ Va 83'/?
m- Wm
18 ? % 18
44%? % AAV?
21%? V? 21/4
68 ? Va 68%
21%- 21
16%- 16%
1034?- 10%
198 + 8 197/2
61%+ % 81
1%- 13/-?
65%+ Ve 65/4
100%+ % 100
108/a? 1 108
4 ?- 334
16/a? % J8
82/4+ /, ea
%-" /* %
97/,+ % 97%
8934? 1/4 89'/4
30%? 1/8 30%
25 ? >/z 25
11934? 1/4 119/2
96%? % 96/a
27 - 28
86/a- 86/4
2%-- 2%
25%? % 25%
159 ? Vz 155
12 ? /, 11
4014? 40%
4/4- Va *V,
85/4+ /a 8434
6834? Vz 68%
78%+ 1% 78
75 + 134 74%
48/4? % 48/a
8 ? /8 6
96%- 96/a
21 ? % 20/a
37%- % 37%
74'/a+ Vz 74
4334_ Vz 43%
613/4? Vz 61%
141/2- 14
35 + ?/2 84/a
7 - '/a 7
60 - 48
43/,+ % 42/a
60%+ /a ?O'/z
97%+ % 96
38/a? % 38
20 -? 20
113/2? 1/4 113/a
111 ? 1/4 111
48%? % 48%
47 - 44
96%? /a 96/a
128 ? 2/4 128
48%+ % 47/2
32%? Vz 32/a
122 ? % 121
15/4? /a 16'/*
78/4? Va 78/2
52/2- 52/2
91+1 90
34%? % 34%
67%? % 5734
86%? 3/4 86/a
2%+ /a 2%
56 ? % 58
68/2+ % 68/4'
18%? /a 18/a
29/4? Va 29/a
61 ? Va 60/a
53 - 52%
I8/4+ 1/a 173/4
4%? Va 4/a
90 ? 1/a 90
10/4+ Va 10
38/a- 38/a
37 + /? 37
102 + 2 97/2
11 ? % 11
93%? Vz 93/2
27/a-i- 1% 27
67%+ 3% 6734
45/8+ /a 45
20/4? Va 20
l36/a+ 1/a 136
131/a+ 1/a 131
228/?+ 7/a 228/a
80+1 79
57/a? 1 67%
61%+ /, 61 Va
66%? % 56
132%+ % 132%
115-115
8 + Ke 7/2
2%? /a 2
934- 934
49%? % 49%
60 ? /2 69?/a
30 - 29/a
26%+ % 26/4
21/a? 1 21/a
152 ? 1 162/a
31/4+ % 31
62%? Va 62/a
109%+ 1% 107/a
85%? /a 85%
74+1 73
15 - 14**/,
145/4+ 2% 143
19/8? /a 19/a
130%? 160
78%? % 78
37?4-- 37a4
114 + 2/j 111
49%? % 49/a
155/2- 153
14/4? % 14
32 ? % 31
81%? % 81 %
34 ? /g 34
65%+ % 65
88/4+ Vz 8734
B4/a+ 1/a 54%
100%+ % 100%
?43 - 43 '
105%- 105%
122%? r/? 1211/4
66%? 1% 67
21%? % 21%
46/4? Va 46/4
10O+2 99
28 ? /?. 27?4?
63?1 53
13%? % 13/a
12 - 12
32 ? % 32
91?1 90
14/4? 14 14
109 -?* 108%
17%+ % 17%
117%+ 1% 117
62/a? /a 62/2
72/a+ 2% 72
12%+ % 12%
Si/a? Vz 31 %
60/a? % 50/8
7%? % 7%
12/a? % 12
7 ? /a 7
43%+ %? 43/a
46 - 46/a
31 - 30|/2
199 ? % 192
IO/4- 10%
A?*.
61
21%
63
138
69
101
89/4
34
98
43
83
42
87/a
39%
31
140
17%
184
16/4
14
29
UM
V/a
??4
48
21%
69/4
22
16%
10%
200
62
2
65%
105
109
4
16/a
82/2
%
98
80
30%
26/2
11934
96%
27
87
234
28
158
12
4O/2
4%
86
6834
78/2
75
48/4
6/a
97
21/4
3734
74/a
43%
5134
1434
35
7/4
60
43
61
IOO/4
38/2
20/a
115
111%
48%
47
9834
128/2
48
32/a
123
15'/2
79
63
91/4
35
68
87
2/g
56%
68%
18%
29/a
51
53
18/a
4%
9O/2
10/a
39%
37/a
98
11%
9334
27/4
68
49
20/a
139
131%
228%
80
58/4
61%
66/a
132%
119
8
2/a
9%
4934
?60
30/2
26 %
22
154/a
32
63
109%'
86
75
15
152/a
19/a
150/a
78%
37%
115
50
155
15
32
81%
35
66/2
88/2j
54/a I
100%
43/a
106%|
122%
67% I
22 !
46/a I
101
28
65 .
13% I
12/a
32/o I
92%
14/>
109
17%
118
63/a
74
13
32
50%
8
12/a
7/a
44
46/a
32
198
IO/4
Financial Items
Merit? Rosenthal, of Ladenbur**, Thal
rnnnn & Co., eaiiod yesterday on the Ma
Sestlo for London and will be gone five
>r six week? ?Mi ft business trip.
The banning group beaded tcf ??.tr-rra
Broa. A Co., and Domtnlck ?_ Domlnlck, I
which purchased from an est?te its tot?!
holding? of approximately IS,000 abares of
the capital stock of the Glen Alden Coal
Company, yesterday announced that the
entire block, had been sold.
The- condensed statement of condition of
the Guaranty Trust Company of New York
as of September 30, Issued yesterday,
showed deposits of $481,219,748.26 and
total resources of $679,341,052.60. Surplus
and undivided profits total ?17,604.609.41;
an Increase of about $200,000 over the laet
published statement.Ji.sued June (A
It.$2
London Money Market
LONDON, Oct. 7.?Bar gold was
quoted as 03s 4d. Money was loaned
at 1% per*cent. Discount rates were:
Short bills, 2%@2% per cent; three
month bills, 2 [email protected]% per cent,
In Wall Street
Southern Railway
One of the strong ?pot? in yester?
day's market was Southern Railway
preferred, which moved forward to ft
new high for the year. Strength in
the stock is understood to be based on
tho prospects of a resumption of divi?
dends, which bava not been paid since
June, 1921. Directors are scheduled to
meet next Wednesday, and it was re?
ported that at that timo announce?
ment will be made that tha former 5
per cent rato has been restored. Tha
company is now in a position to take
such action. Based on the earnings for
tho seven months ended .July 31 the in?
dication* were that more than 17 per
cent would be shown for the preferred
stock at tho end of tho current calen?
dar year. In 1921 only 8.33 per cent
was earned on this issue.
Moon Motor Earning? Makes Record
Earning? of tho Moon Motor Car
Company in the September quarter
were about $400,000, a new high rec?
ord. Deducting taxes and preferred
dividends, tha net applicable -o 154,213
shares of common stock was at the
rate of about $9 a share, but it is be?
lieved that net profits for the full year
will approximate $5 a share. Directors
are scheduled to meet in December,
and there is talk that the present $1
annual dividend rate may either be in?
creased or that an extra dividend will
be declared.
Caveat Emptor
Lower costs of operation at gold and
Silver mining centers are being used
by a number of brokers to exploit the
stocks of companies that have never
had a record of sustained profits. A
sample of a recent circular Isiued Baya
that a certain gold-mining stock con?
tains more possibilities than any other
mining stock in tho low-pricod class.
Whatever the merits of this particu ar
company, it is a fact that tha securities
of fow gold and silver mining proper?
ties can be placed in the speculative
investment class. Those listed on the
Stock Exchange are selling at levels
which would indicate that stockholders
have little to look forward to in the
way of dividends for a long time to
come.
"Mex Pete** Gets Gusher
What was regarded as an important
development in the efforts of Mexican
Petroleum to prove up new acreage
was seen in the announcement yester?
day that the company had completed
its Chapapote Nunez No. 5 well for
60,000 barrels at 2,009 feet subsea
level. It was said to indicate a pool
not less than two kilometers in extent,
with boundaries unknown. The com?
pany is making arrangements to taice
25,000 barrels a day from the new well,
which is rated as a 75,000 barrel
gusher. The oil will be taken only ts
needed, as pipe line capacity is already
being used to the limit. That capacity
is approximately 125,000 barrels of
oil a day, to Tampico from the fields.
Pipe line connections are being made
to tho new well.
Week's Record of Bond Issues
Borrowings by public utility corpo?
rations comprised more than half the
new financing undertaken in the bond
market last week, which reached the
relatively conservative total of $60,
000,000. The issues offered by local
bankers generally met with a good re?
ception, hut the continuance of fairly
stiff money rates, unsettled conditions
abroad and the expectation that tho
government would shortly announce a
long term loan of large amount were
retarding influences c. the volume of
offerings.
Bankers Rest .After Convention
Activities of A. B. A. convention
week, which terminated with Friday's
entertainment features, left the bank?
ers who have participated in the various
sessions of tho meeting* a pretty tired
lot and many took the opportunity of
a rest over the week end. The absen?
tees were many from the financial dis?
trict yesterday, but in some instances
men returned to their desks to clear
off the accumulation of work that piled
up during their attendance at the
meetings. s
$23,051,900 Deficit in Reserves
The weekly statement of the Clear?
ing House banks, which periodically
presents the financial statistics bearing
upon the money position, reflects in
this instance the forces that have been
working for firm money. There was a
decrease of $81,588,650 in aggregate re?
serves, converting a healthy surplus
into a deficit of $23,051.900. Loans and
investments declined $7,707,000, while
net demand deposits fell 85.3,972,000 :
and time deposits $1,585,000. The prin- !
cipal change was in the reserve of
member banks in the Federal Reserve
Bank which dropped $89,770,000. Gov?
ernment deposits were stated as $35,
849,000.
The Pierce Oil Controversy
Tho controversy between the two
factions in the Pierce Oil Corporation
over whether the Pierce management,
should be continued was still discussed
freely in Wall Street yesterday. In
one quarter it was stated that the
company was in a position to pay the
quarterly dividend due on the preferred
stock October 1, having been provided
with funds by Henry L. Doherty, who
is one of the new members of the
board. This dividend apparently was
not paid because the old board was op?
posed to such action.
Silver?London, 35 "?d; New York,
domestic bar, 99*>4c; foreign, 69*4c*'
Mexican dollars, 52%c.
What's Behind
Active Stocks?
118?U. S. Cast iron Pipe
The United States Cast Iron Pipe
and Foundry Company was incor?
porated in 1899 as a consolidation
of eight companies representing
about 75 per cent of the pipe out?
put of tho country. Since the orig?
inal combination two additional
subsidiaries have been acquired.
_ne eleven plants occupy 900 acres
and have an annual capacitv of
450,000 tons. In the last baLice
sheet plant and properties were
carried at $25,897,000. Cash and
Liberty bonds totaled $1,514,000 and
current assets exceeded current lia?
bilities by $3,894,000. The bonded
debt amounts to only $650,000.
Slejf_,_*f?f?na V*0^ ?nd l03s ?"Plus
of $487,000 on December 31, 1921.
As of that date the net tangible
assets applicable to the common
^ioCAnamounted to I14.9S7.000, or
51-4.89 a share. The $12,000,000
common Btock is preceded by an
equal amount of 7 per cent non
cumulative preferred, on which 5
per cent has been paid since 19.6.
Previously dividends were paid in
irregular amounts in every year
since 1899 except 1916 and 1901.
No payments have been made on
the common since 1907. Net earn?
ings for a period "f 10% years erod?
ed December 81, 1921, averaged
4.57 per cent a year on the pre?
ferred. Last year less than 1 per
cent was earned on the senior issue
of stock. In the current year the
company has been handicapped by
non-delivery of raw materials and
shortage of labor, but a recent re?
port placed the rate of operations
at 70 per cent of capacity. Range
of common stock since 1910 \ High,
39 in 1922^ low, 7% in 1914; yes?
terday's close, 34.
Steel Industry \
Is Hard Hit by
Car Shortage
200,000 ToiWProdBcu
Piled Up at Mil!? f*
Want of Tran8portati0n
Facilities^ It i* Estimate
See Possible Curtailment
In 'Addition, River Ship,
mente to South and Wm
Are Checkedjby Droaght
Kpeoial Dispatch to The Trlhem
PITTSBURGH, Oct. 7.-Th7L,,
patcd car shortage has at lagt hit th?
steel industry and hit it hard p
tically every mill in the Pitubo?
Wheeling, Youngstown and Bher,
districts is piling It, produtf, **f*
ground for want of cuts in lu.u*
?hip te customers. A rough 2S *
?of thtf products thus B-ccum^A,
unable to move is given by a I /
steel manufacturer as close to SS
tons and still growing. ?-1?MN
diate prospects of rali ?,g ? J "?>??;
embargoes piling up frs'-rt* **?
sides for a movement eta.'Ctt?Jn
which will continue the at??. *9erto?
national rail transpon"'8 oa ?*?
the steel makers are act ?f*nf*W*
They all see the po.??^
again forced to curtail ntA**:*^
closing down furnaces ?d iS ?
was done when the shopa-j?TT,?*
was cutting off coal supplies.
In addition to ra?! triol?!?, ft
drought has dried up the rlveri-Jf
.extent that they are not now,?*?*
a?ble J?*JaLwinS ?te?* product? ?
the South. Southwest and Wes' ft,
unfinished status of canalization "of ft.
Ohio )3 responsible for this conditk?
steel men say and they complain tfe
0iA0.ng?e" hl? ,ke?* its P?ml?i*
1910 to nave the locks and dami ees
pleted in June of this year the ?a?
Ohio would now be available u ?
trunk line freight highway bet?,?
here and tho South for ail coaaodi.
ties.
Blast Furnace Operation? Gain
Blast furnace operation has ?twdfl?.
increased since the close of the ?hijy
, men's Btrike, and is now at about ??
j per cent of capacity as compared wit?
j 50 per cent six weeks ago.
Twelve sheet mills in the Mabesii?
j Valley are idle this week, due tc ??c
; cumulation of output, clogging ?.i-l?.
' ways and shipping platforms. Follow,
ing a survey, H. 1). Ehodehouse, triff
manager of the Youngstown ctsabe*
of Commerce, announced that hots
than 80,000 tons of steel products wer*
piled at various plants. Of thi*. n?
urne 20,000 tons included coaaodi.
ties ordinarily requiring box cars fo*
shipment, such as sheets, tinplate ui
plates, while the balance was prodtn?:
usually shipped in open top equipaos*
Shortage of box cars is, o? e?lspt
due to their diversion to the west fo
the grain movement. Lack of snfffc?
ent open top equipment is attribntti
to the heavy coai movement, absorb?
ing large numbers of such ear? M
therefore preventing their use for
industrial purposes.
Shortage of cars prevented ft?
Struthers Furnace Co., a merchant in?
terest located at New York, from lim?
ing it3 Anna blast furnace at Strata*!*.
Mahoning County, as scheduled c
October 2. The company had zus
arrangements for its coke supply/?
announced, but difficulties were en?
countered in moving the output to ti?
sta?rk.
Tho transportation situation lu
prevented movement of raw aaterli'a
to the steel plants in some instan*?'.
Though coal is moving freely from ik*
Pennsylvania field, all makers cots?
plain that they are short on low voll
tilo supplies, which come from W?*_
Virginia. Clogged condition of in
southern roads is largely respons.'bi*
for such interruption. Other in?
dependents complain that shipment**,
limestone have been held up and in?
roads have been made into resc?
stocks.
Orders on independent books, h ?i
main, are sufficient to occupy iW"
capacity over the balance of the ye??
including the carryover frcTn the taW
quarter. Thomas J. Bray, presidtmtcf
the Republic Iron & Steel comp??
points out that for the last five yet':
the steel industry has usually s?
some,difficulties to overcome to ?nan
tain operations, and the carrent ?fi?'
tion. therefore, does not present o??*
stacles which loom as out, o? iba ?j
dinary.
No Labor Shortage
Mr. Bray states that reported M?*
shortage in some centers is not *?
parent in the Youngstown district? bB>
explains that such a condition fl-*?*-1
be created if operations were ie ex
.pand to 100 per cent witkia a saen
time. The Republic eoajwv ?*3
enough business on its booto *? eP*\~
ate its plant at the current rate, esti?
mated at 75 to 80 pet cent, over UK
remainder of the year. v..?i
J. if. Kennedy, chairman, of the board
of directors of the Brier HBl ag?
company announced that ex?*??
involving outlay of $6,000,000 wjlij?
started this fall. The company w
enter the pipe and strip stee. tie.?-?
President James A. CampbeP. *??
Youngstown Sheet and Tube tB*w
states that it is not contempW?
merger with any other interest, a
nying reports that negotiation ik
been renewed with the .I?'*?,^?
Company. Chicago. It ? ??
likely that Sheet and Tube will ?*
lish a manufacturing connection w
Chicago district for the ?*?>*?"*%
pipe. Merger negotiations tMJ-.
vear disclosed the fact that p??"?
tho Chicago territory enjoy a o?-^
advantage in shipping pipe '?wjjj
Southwest, especially as coB.?r*Mfc.
the Mahoning Valley. On ?*mf??'?
of pipe this differential -n, ^Vj. t.?1
Chicago amounts to as nrteh e* |
ton. .. . QLMit sd
Reports are current that bwe?
Tube has informally con?w}f?g??
chase of the properties at ^?U,.
the Steel and Tube Company o? ?**.
ica and that representatives a - ?,
cently inspected the Chicago coop?
holdings. , .?_., ???I??
Eight steel mills, involving -*? ?.^ l
of $1,500,000, will be ???*??*.? WtJp
ton. \V. Va., within a year by w? fi.
ton' Steel Company. ^,e0.rdl"L,pi*
nouncement by D. M, ^'J^??
dent of the company. ^??tfi**
been awarded the M^j^Vw.bS^,.
Construction Company of ^""j^
Steel production will be con- ? ^
increased in the Shenango ^"^
trict by the resumption ol ? ^a.
works of the Carnegie Stee*J*?^
The plant was forced to close v ^
the scarcity of coke. ?^??Ji*
naces, twelve open-hearth -""Z?W
the bar and blooming ?*"? "?V?*
ed employment to ?PPro^Sd^
men. Resumption of the <^g*?0
will also put the FarreH ??'".*sS?
American Steel and Wire
normal capacity again. ..,,?a?*?,
Shortage of steel is the *^^>t
number of the Wheeling pi*"? Ca^t?
ing only part time this *-f^,W
steel shortage is due to tne_r?t^?*5
strike Situation, which has p' j^**
the shipment of the usual *?W*T
raw material to the localjP/a'!.l*?wr
The Laughlin plant of^tba A^^
Sheet and Tin Plate CpnipaW.^
forced to suspend last Friday.. ?*^
last few month*? .fifteen ??"A^-.U
been operating at the plant, ? ^
railroad difficulties finally c?o*?* ^

xml | txt