INN 1
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THE SUN AND NEW YORK HERALD, SATURDAY, ' APRIL 10, 1920.
1 .10
I I Fhone, Rector 5000 jl
I Josepltflial & Co. J
Ijj 120 Broadway, New York J
III ftfemlers LI
jjl Neto York Slock Exchangi : j
I
1:1
Foreign
Securities
Private Wires to
Principal Cities
FINANCIAL NEWS
AND COMMENT
NEW YORK STOCK EXCHANGE PRICES.
Friday, April 9, 1920.
Day's sales...
Year to date..
e-Closhig.'-
Pncps in Stock Mnrket Show km, i ak
Pew Changes in Active
1 Speculative Issues.
lBKH
lln't.l Psle.
1910.
1,217,488
77.305,361
MONEY JU3IPS TO 10 P. 0.
37
42
77
Ai
7S
21
2j
93 I
Open-
Int.
Equipment ami Independent
Steel Shares Are Main Fea
ture of Session;
44
1
122(123 ,
100 105 i
43 ! 49U
90 ' 97 " '
143 '14C '
49 49'
13il 13
149ilE0
wiiiiir
mm
8MB
TTninuiiimimiiniiimniiiii
ITe Specialize In
Carbon
Steel
Common
Kicly&Horton
40 Wall St, WaWVbrK
Phone i Uohn 6330
R'lllllMIMIIIIIIIIIimillllllllimnTTTTTTti
25
11514
102
13?;
00
93
106
22
68
105
47S
136
111
25
us;
102
14
01
90
107
23
69
106
47
130
113
98 99 10
104
108
96, 98
95 j 96
07 67
136 137
100' 101
1S
51
11
116
S2
78
10D
171
While various Individual stocks moved
j higher in yes tjrday.'s stock market, the
session as a wholo. pursued a very un
eventful course. The market blew hot
and cold In rapid succession, but, out
aid's of n rather sharp setback at the
closing, duo to a sudden Jump of the call
money rato to 10 per cent., It dIJ not
appear ns though the bear party had
been any more successful In Us attempt
to get prlceB lower- than on Thursday.
Thero was an excellent nbscrptlon of
stocks on a scale down all day, as was
the ease on the preceding day, and, not
withstanding the money flurry, which
was due to nothing more important than
tho usual cstra demand for fundH on
Friday to carry stoc'.tfl over the week
end, tho senoral run of active fpoculn
tlv shares closed about where they left
off on Thursday, a circumstance which
was' rather significant in view of the
amount of professional hammering
which they had to stand during the
dealings. A few special stocks actually
made probers, but they were exceptions
to llio rule.
There was nothing special In tho news
developments concerning the financial
situation. Whatever momentum tho
market had on the up side was due.
therefore, entirely to'tho enthusiasm tr.
speculative circles earlier In the week.
The trading fraternity tried very hard
to exploit tho rallioad situation to force
prices down, but Undine that this had
no influence on tho market, turned their
attention to tho possibility of higher
money at tho clcse. The best that they
could do, even In tho face of rising
money, however, waa to keep tho mar
ket from going up. A few special stocks
made progress in face of the selling of
the standard leaders, but they moved
ahead mostly on individual considera
tions, which had nothing to do with tho
ireneral run of stocks. On tho whole It
was a very unsuismcurj- ttuu iui . - i
both points of view, but there wus noth-. CJT,- -4?
Ing weak about Ifexcept the final put-'jjg 'jGO !
56 I 36,
12
j
SOcI
Cl
GOO Ariania Express
900 Advance llumcly ........
500 AJax Rubber
1700 Alaska Gold M
1S00 Alaska Juneau OM
1700 A Ills Chalmers Mfg
100 Am ArtIc Chcm pf
3600lAm lleet Sugar ox div..
1700 Am Hose!) Magneto
600 Am ltrako Shoo & I-'dy. .
3200 Am Can
300 Am Can pf
SCP0 Am Car & Foundry
100 Am Cotton Oil
3310Am Druggist Syndicate..
1000'Am Kxpresu ,
I900l.m Hide & Leather
100,'Am Hldo A Leather pf . .
OOOOiAm International Corp...
IbOOjAm La Franco Firo Eng.
rit.
1919.
1,311.341
55,032.293
13s7
fit.
1919.
GOSSIP OP WALL STREET.
l'lurrjr iu Call Money.
rtestrlction In tbo amount of money
which the banks could allot to Wall
BONDS IN NEW YORK STOCK EXCHANGE
Friday, April 9, 1920.
214,302 street resulted yesterday afternoon In a S'l8."?
'33,220,043
Year to date
Clot-Int.
38
42
70
2
2
45
92
90
123
39
43
79
2
2
45
92 Hi
92
124
104 103
.n .-.ft
1 lOOiAm Linseed Co.
100 Am Linseetl Co pf.....
12200 Am Locomotive
100 Am Ship & Commerce.
1300 Am Smelt & Kef
200 Am Smelt & Kef pf
1400 Am Steel Foundries. .. .
9600 Am Sugar Itcf
100'Am Sugar Hot pf
4900Am Sumatra Ton
900 Am Sumatra Tob pf.
S1
6!
.-1
U 44,'
m
4S
19
r.s
04
13
5Ti
117
S3
78
110
H7C
I'OOiAm Tel A Tel
100Am Tobacco pf new...
11700 Am Tobacco See
00'Am Woolen
100 Am Woolen pf
200Am Writ Paper pf
600 Am Zinc, L & Smelt. .. ,
200Am Zinc, L & Smelt pf..
4100IAnaconda Copper C4
100 Ann Arbor I 12
600, Assets Rpalisatlon 5
iuq Associated Oil Co '117
50
97
147
49
is?;
152
26
116
103
14
91
94
108
23
69
95
47
136
tVU.'. ItlSli 11!U
99 i 98:
104 94
96! 90
96 1 90
68! 07
139il36
30
97
145
41
13
150
26
115
102
13
91
94
107
23
69
95
46
4 Jt
38
42
77
2
2
44
92
20
121
38
42
77
2
2
44
92
92
122
104 103
49 49
97 97
144 146
49 49
13! 13
Net
Chani.
1
tt
1
sharp run-up of tho call money quota- ,
Hon from 6 per ont. to 10 per cent. '
There was no change in the tlrno money Bid. Aaked. Yield. Jl.OOOs).
.M..i, e.nnnnna 68.82 96.90 3.70 632 3s (1332-4)
1920.
10.314.000
1.045.954,000
89.20
97.32
97.50
143
25
114
101
13
90
94
106
23
68
95
46
133
99
94
; 96
. 98
67
'138
101-
1 4S
U1
E00
700
500
1800
Atch. Tod & Santa Te 1 SJ
Atch. Top & Santn, Fe pf.( 7S
Atlantic Iieflnlnj; pf 110
Ati. uuir s I S s 171
101
48
13
54
64
12
5
11
101
46
18
54
63
12
5
1T
S3 82
7SI 78
110I109
173 H71
25
115
102
14:
30
94
107
23
68
95
47
136
112
9.5
101
96
96
07
136
101'
48
1S
54
63
12
5 i
117
S2U
78!
109l
171 M
was put out by the banks at 8 per gs.gn
cent, making 10,000,000 In time funds 91,30
lent In the last two days. The most prob- $3,02
oblo explanation of yesterday's flurry In 97,00
call money was that there had been H2.36
some heavy withdrawals of funds ly in
terior hanks, obliged to prepare for con
tingencies In connection with the rail
road workers' strike. Somo credit has
been frozen because of this strlko and
1- 1 1 .Interior banks arc preparing for further
emergencies. This wan tho generally ac-
- U cented theory In Wall Street. Another 7S7.. ...osij
drain on tho call money market was tlio ulr.:,:!r!
fact that stocks have had a substantial j 10 . "0
incrcaso and urokers' loans reflect mi 1 68l
accumulation. Tlio demand, tnereiore, is citrofLyons m
considerably greater than It was a week
ago.
U
2
1
IK
3
nANGE OF LIBERTY BONDS,
Closing. Sales (In
upon.
45 1st CV..4 (1932-47)... 91.52
197 2(1,48 (1927-42) 89.38
178 lstcv. 4s (1932-47). 91.50
3,713 2d cv. 4fl (1927-42). S9.56
.. lsWrt CV. 4S (32-47)
6.39 2.070 3d 4s (1928) 92.04
5.16 4.090 4th 4s (1933-38).... 83.CS
5.41 1,612 Vic. 4S (1922-23)... 97.66
4.10 443 Vic 3s (1922-23)... 97.66
1919.
$11,173,000
910,013,000
91.60
89.00
91.50
89.06
98.00
92.40
S9.34
97.56
97.56
4.64
4.78
4.82
5.00
inch.
90.92
91.40
89.3S
91.60
S9.60
92.66
89.6S
97.60
97.6S
Low.
96.80
91.20
SS.90
91,30
S3.93
92.02
89.03
97.44
97.4S
1318,
33,589.000
350.966,000
Not
Last. Chgs.
96.82
.02
.30
,3S
.30
91.30
S9.00
91.30
89.06.
92.40
89.34
97.38
97.50
.30
.31
.10
.12
United State, Foreign Government, Railroad, Industrial and Other Bond'.
. ao
1 CO
fitl' M.VM 4W1
4 891ft
Srobd A L. adj
P a.
AngloFrenchU NVCltr4K57
May
2
Nov
1 071a'
NYCItyHM
1
out
the
7 89
City of Mar
seilles M
12 89
4 81
atrorrariiki!
..0713
osi8
1 tttu
NY City
921 8
NV City 49 Mt
3 S7U
Itepubllc Iron and Steel.
Itepubllo Iron nnd Steel stood
prominently yesterday because of
support It received while tho balance of
4 tho market was elumplnt; rapidly and
was one of the few stocks on the board j
that ("hewed an advance on tho flay s
......... ...... ..,.... .. 1 l5J I?3I 1 0114
4- 1
10
6..
5!!
10..
1!. .
V..
6..
10..
.SJ lAmBmelttntj
.R73 1 sua
.89 .f HI
.VO AmTtT fr t3
.wia a..
.SOI41 1
.89 10
Cent !( H NJ ta
3 B7G
CenRy&BUaM
4 80
04OCTHH
2 78
1 777j
OftOcv4H
1 7l7g
in 7i
2 TIU
IS 71
Chl&Alton JKi
7 35l
2 8J
Chi & Alton H
1 45b
CIliO joint (1
9i I 2 Olti
.1...
8...
10...
(Jen Klectrle i NOTexiSHs
.09 1 14 01
,10 1 Ml)
.OQU 1 fillll
.09ij,.v Y cen J)ji
........ UJ14 Tvuiniv
n . nou r. fllla
3 OQI4 N Y Cen debts i 6 Sfllj
I, uoH W "0 8abdAI,ref 4j
OenElecfia 1 1 8SV 3
1 88 fi SKI4 2 i
Oranby M cv 0 SHlj Routbl'ac cv ii
( series A N Y Cen 4V4a ,10 lOHa
4 t)2U 1 ' 27 ,nl
II ud & M fdg C 75S Sol'ac of Cal SJ
-- 1
u
1
!
1
'
14'i!M6i3l39S0O Baldwin Locomotive Wits 144'i 148il43 146 I',
3' 34
10 : 46, 4,
11S 123 f S1
47 ; 48 !2'
J00 jioo
ir,4, 16
lu
Bk. of Manhattan
"Rights"
J.K.Rice, Jr.& Co.
Pnonra 4000 o 4010 J tin. 30 Wall Sf. f.Y
MONTGOMERY tr CO.
&ondt Cutc5 -v. JVeftrrt3 Stocks
Philadelphia Ne w Yoil. Clncaqo
Suggestions for. Investors
may be had on request
A. B. Leach &: Co., Inc.
InTcilmrnt Srcnrltlf
C2 Ceci. . e . 1 orW
Cblcaco I'litladelphla Uoiton Buffalo
Cleveland Uililmora Minneapolis
te Equitable
trust company
'OF NEW "YORK
17. WALL STREET ,
Banning, Trwu 67 Intejmwmo
THE
PHILADELPHIA
NATIONAL
BANK
niVIIIKMlt AMI INTKKKST,
The Uoard of Directors lmn this day de
clared a Quarterly ca?h divliisnd of On
uouar ((i 001 per snaro and
burst of selllnK pressure In tho last
hour. ThU resulted In undoing most
of the progress that had been made
early In "the day, but that was abou us
far ns tho weakness went At the low
prices, fresh buying came Into the mar
ket end stocks steadied, closing nwmi
unchanged. j
As was th raro on tho preceding 1
day, thti equipment and Independent '
rteel shares wi-re the principal features, j
1 1 ,v Tf..T.1..'t,, r
inere was iu,u,fi u..
day. and Hafkell &" Barkt-r. another
equipment Issue, came in for special
prominence In the last hour. In the
Rteel group the movement was lead by
Itepubllc. which is being bought in antici
pation of an Important announcement,
which will bf ehher on the annual meet
ing, two weeks off. concerning either
a stock dividend or relative to a merger
with another forgo steel company. In
so far ns tho rest of the market was
concerned there was nothing of special
lmportanco In It. Steel common and
the other standard stocks followed a
very uneven courso roost of the day,
showing a good deal of strength at times
and extreme weakness at other stages
of tho session. In tho end they got no
whero In particular. As has been the
case all week, the railroad nharcs did
nothing whatever in spite of all the
bullish tall: that has been heard In
speculative clrcleB concerning the possi
bility of a fresh upward movement.
Thero was no life In the coppers either.
Tho principal reason for tho 10 per
cent money in the afternoon was on
account of tho extra demand for tunas
to carry stocks over the week end. As
there is no money market on Saturday
tho borrowing demand Is always heavy
on Friday?, but nine times out of ten a
flurry on that day has no significant
whatover as regards the actual money
ettiiotlnn. As was pointed out, bankers
are convinced that th money situation
will continue fairly easy, and as evl
rtencft of this, noint to the dumber of
new Issues which are being bought out
by Investment bankers. Tho foreign
exchange market was strong. Sterling
reminded from the low of yesterday
on the publication that the Bank of
Kngland Is getting reauy to release
further large amounts of gold to be
shipped to this country.
12' 12!'
126 1127!
1S 20
9 10 ..
26 27 ..
24, 25
SI 1 81' 6
S8V- 33'.-' ..
70 72 7
122!123 101
4i
10!
4:
1000'Ualtlmore & Ohio
100'Baltlmorc & Ohio pf...
9r0i!arrett Co
EOOlBarnsdall Cotp A
33500; Bethlehem Motors
3j 49600, Bethlehem Steel 11
SOO'Brooklyn Itnpid Transit
0 ii .
..I 46 40 46
04 ;t
46
129131 128I12S;
48 7 48
29; 32
93 101
16 16
itl 1 Til...... n n. ...... .. .At i 1
uuu uurna UroR iu'S :12S
200'Butterick Co ,20 20
9Lt' 10
8 I ft j
35; 37
5a 54
84 ! 86 1
107 ' 107'
33 1 35
S4H
1S
26
45
HOOjButte Copper & Zinc
800'Uuttc & Superior Copper.
1500, Caddo Cent O & It
400,Callfornla Tack Co
400 California Petrol
lOO'Callfornfa Petrol pf 1
SOO.Canadlan Pacific
2500jCentral Leather ex div..
ISOOlCerro de Tasco Copper.. .
28C0;chandler Motors '
200 Chesapeake & Ohio '
200:Chi & K III Kqult Tr ctfs.1
400 Chicago Great Western..,
1100, Chicago. Mil & St Paul.
10
10
27
25
I 81 I 81
39! 39
71 71
123 123
88 88
54?s! 54
161 162
4S 48
29 I 31l
9S'100!
16 1 16
12
127!
19'
10 j
27
24 I
81'
39 j
71
123j
87 1
53 "i
U
1
1
with tho Youngstown Sheet and Tube j
Company were continuing and that soma .
sort of an announcement as to a merger
with this company or a stock dividend )
may lie expected at tne annual meeting
two weeks hence, despite reports to tbo
contrary. Itepubllc is particularly fat In
surplus and has accumulated approxi
mately $91 a share. Its directors arc re
ported to be strongly In favor of trans
ferring soma Of theso accumulated earn
ings to stockholders.
12
127
19
10
26
24
81
83
71
123
86
53
66i 56H 58l 56)
J4 9 9 9
8 8i 8
37 37 I
'a
'
1
8;
37
63 ' 6
19 I ..
37'1
KOOiChlcago. Mil & St Paul pf 53; 53i 62
100 Chicago & Northwestern.! 85 85 83
6700jChlcago Pneumatic Tool.,110;ill'l07
36'
81
69'
83 ;
89 !
is:
37 !
96 !
12' 12
9108i
1K4 1105
270 271
97 97a 7
323 '333 j 10'
53, 51 I ..I
82 I S2 7
Mf. 101 ! r,
7' j 7'
40
C4
50
51
69'
S2
SS
IS
S6
93
S200 Chicago, It I & Pacific. :
200, Chi, It I ci Pac G p o pf..
SOO'Chile Copper
1000,Chlno Coppor
400Clev, C, C & St Lou s. . . .
700 coca-Cola
700 Colorado fuel & Iron...
9900,Coli!mMa Gas & Elec. . .
3500ColumbIa Graphophonc.
lOOIConip Tab P.ecord
lOOOIConrolldated Cigar
100 Consolidated Cigar pf...
600 Ccusolldatcd Gas
COOICon Interstate Cal MIn.
22500ConsoIidated Textile ...
S200iContlnental Can
8300'Cor.tinental Candy
ISSOOiCorn Products U'ef...
I 63 j
1 85 '
1107 j
I 35 -I
64 I
; 18! -367,1
. 4S .
1 36,
,' 46 I
64-.; -f
50 1
01 , .
69
12
300 Corn Products P.ef pf....U04 104!l04il04
4500'Cnicible Steel Co '273 1273 ,269l270
MONEY AND EXCHANGE.
12 13'
100 105 I
11 12
24 24 ?i
115'117
99, 100'
13f 14 .
21 I 22
81' 8,'.
8S 90
14. 15
8 I 40
36 36 ! 35
64i 64! 04
19 I 19 ; 18
36ii 87' 36
4i; 4S' 4S
! 36, 36 36
40 40 33
' 63 65 64
,1 30 60i' 50
.'31 ! 51 ! 61
'69 I 6! 69
! S2i 82 62 82
, 88 I SS i STifjl 88
1 ;.' iii' it
I 35! 38 35 I 36
! 97! ss S-HI 93
' 12 13 12 12
100!100! 99l 99
2
0
37 97
494 523
53 53
82l 82
99
- H
-
-
1 "
2
Sloveuient of Gold.
Approximately 3,t00,000 In sold was
withdrawn csterday by bankj ,or ship
ment to South America. Thla may be
augmented by more withdrawals to
day. The outward movement of gold,
however, was of'itet by tho arrival of
$10,000,000 from London on the Phila
delphia and consigned to J. P. Morgan
&. Co. It wilt be sold to mo Kederal
Heserve Eank and tho physical trans
fer made to-day. No olflclal news of
further gold shipments has been Issued,
but it Is known that tho movement, until
completed, will bo limited only by the
space available on first class Bteamers.
Considerable amusement was caused In
the lnancial district jvoieraay oy n
London cable hinting that the gold
movement miy be one of transshipment
of tho metal from' Ixmdon to South
America. Of course, this is out of the
aucstion. The cold now coming In Is
for one purpose to aid the retirement
of Uie Anglo-French loan. Ai Ar
gentina is indebted to lSnglantl nnd
i:ngland is indebted to the United States,
It would hardly surprise Wall Street
if there should be some strlklne of in
ternational balance, mero bookkeepln;
operations, between the three, especially
ns the Argentine loan 13 duo on May 1j
04Ij' r,2 043
11438 Chlll&Q gm 49
91 1 ,7
2 7lV
3 7fll2
4.......9I7 1 81 I Chi B& (Jill 4s
(I O.S AmT&T Clt 3 1 79
It 047S 2 79lj ChlBiQIll JK
3 047s 1 705(i 7 71
.11 943i C 79lj Chi at West i
7 947a C 795 1 Mia
10 fH3a a 80 11 84
25 DI1J AniTJtT Clt 4i OMfcPugttH 44
II . 91 II 1 1 1 7734. 3 CJIj
10 "trg'AmWritlngl'Ss OM3tP cv es
IHil?Jrc:i 2 SUi
1 033 AnnArbor lt4
I I'JIj 1 0
1 93Jj Armour 4K'
lUitm rcti 1 81
o 9tla AT&SFCV4J
94 sua 1V40
f, OIW 5 S1U
1 911a' 2 S3
IH 1837
I...
1..
2..
4..
1..
1...
..88
..877a1
. .S734
..h77, .
..713
AT&8Pceu4l
751 4
1 7W
7 7,MS
13 75lg
T4:BPadJ 4s
ktaniueil
8s . 4 r.sla
Don, Canad Jl x At CoastLlne 4s
ie:i I 3 7413
J B7Eg,.MI U Ij Ct 4.1
Dom Canada Is
mi
fi 92
tta
3 04S41
IS 9S.
mi
a 9i
1 9034
1117 of t,pm.
ktlen m
1 7878
to 781a
EH of Mexico h
4. .(30... 37
1
AtUIDan 1st 4
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4...
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8...
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Chi Mil Jt Ht 1'
Oil' W is
2 07lj
CblMil&StI' 4s
1 fl77g
IMS
1 TV
OASWtmil
1 U2:4
CJtXWdeblSJl
3...C. . . S7I3
Clil Uys 1st is
3 0314
ChlKI4Pref4
5934 1 IW3 Southern Itv Ss
..I9I3 1 M'ii II 83
..69 NYCenUSlKi 1 821a
,.5ai 0 . . .m-14 2 vi
. .,9V SYC4:8tl,ilh4s South ltyirm4
..ctii 3 ii7r 4 .... fi7ia
09 .NY (las KM II, . ... . -OiH
1 TJ A 67Ij
...2214 NYlKLtII 22 57l
...22lj il'4$ SoutllllyStliU
. ..231a 1 M ! K Ot
...22.1a X Y N II 4 II Term ltH Assn
. . .2234 cv 6 of St L 4l;a
...227a .', 73 7 81 I
. . .23 I X Y Itys ndj Is Texas Co cv t
...23Ia 1 7 I 5..., ..1047s
. . .23 NY Tel tlb 61 r, 101
. .2318, 2 94-Th TulrdAv adj Is
1.
3...
...
r...
1...
6...
t
Mud Man ad
18...
20...
12. . .
IS...
2:..
1...
2.V..
r9...
3...
...
r,..;
30..:
3.
Pressed Steel
Car Company
XME have issued a
vv special circular
outlining the position
of the Pressed Steel Car
Company in the steel
car industry, record of
earnings since its or-
ganization in 1899, divi
dends earned and paid
since 1899, undivided
earnings of subsidiaries,
book value of Common
Stock, high and low
prices of Preferred and
Ci mmon Stocks for the
past ten years.
Send for Circular No. 1693
Spencer Trask & Co.
25 Broad St., Now York
AI.HANY nOSTON 4IUC.4(i()
Members New York fitoelc Exrhati:;e
A..
II..
2..
5..
1..
1..
19..
.C4!j
,....G4U
(V4I3
,...643
5438
....61
...O4I4
..23 1 IMI3
..2234' 1 91
III Central K XYTeIpn4lj4
10 895n' 4 781s
111 Cen 4s nil is 7SI4
10 04 NYWestctiMfr!
Ill Cen rf 4 55 & Boston 4K
2 HVli 2 4().'4
III Cent Om Ss, Xorf.tW cv Si
2 .. ...',2 9 100
lnterb It T ref 10 997g
Is ItU I s 1001:
20.,
33. . . ,
20... ,
1..
C...
. . .5JV Northernl'acls
..OJlS 2 73-Trt
. .5.1 I 1 7314
. .347a ' 727a
3 29
Unl'ac ifyr ts
2 98
(1 08lj
l()l2-.30.9778
1 9Sl
Cnlonrac cv 4s
2 631a
10 S3lj
Unionl'aclflc 4s
V...
2 .
3..
8 .
1...
...81
...80-M
...SO-lg
...81
...sols
Hi 10 3 unionracreria
6314 NorthcrnPacJJl A 7113
531s C .njlal A 7Ui
..UVI4 umtoiityinvM
1 0913
Tractors Corp.
Kan. &Hock. Coal & Coke
Metropolitan 5c & 50c Stores
niDKICHSENflRDS.
JJ 5 BROAD ST-N-Y-Tel.
IIanoer 'aSi
.84.1s' CbiStLANO s
.,.84 I 11 891a
...834j ChlSUVIItlsJ.
...8313 1.... 99
...83 Chi ti Wind C
...832 4.. .100
.1494 6I!J
.' 53! 65
.' 82l S3 .
,i 99' 99
I 7 7
S7l
25 j
16
94 j
S4U
1631.:
I
37:
26 i
i6;
96 ,
S8 !
136 i
t 13
!104
11?
Jo
I 13
'104
I 12
25
100 Crucible Steel Co pf.,...' 97l 97
ao.cuDan Anicr Sugar...,
19000 Cuba Cane Sugar
600!Cuba Cane Sugar pf . . ,
loOjDeere & Co pf
lOOIDcnver & Itlo Grande..
ICO Ddnver & Rio Gr, cash
400 Denver & Bio Gr pf. . . .
10!Detro!t Edison Co
100 Dome Mines
1000. KIk Horn Coal Corp...
300,End!cott Johnson
100 T-'mllrvitf .Inlinom n'. trtrt
400lErie j 137,
200jErie lsfpf ' 21
6C00Famons Players-Lasky. ..I S3
lOO.Famous Players-L pf... S9
lOOiFcucral MIn 4 Smelt 15
200' Federal MIn & Smelt pf.. 39
400 Flik P.uhber ' 37
lOOlFreeport Taxas ' 26
200:Gaston W & Wlgmore.J 16
lOOiOenerat Chemical Co pf. 93
200:Genernl Cigar Co deb pf. 86
99;
13
104
12
t
13
104
12
ill5 116 115 115
100 1100
13; 13
CALL MONEY,
llliid Collateral. I All Isdcstnals
lflV.
uarterlv I
Stock Dividend of Three Percent iJ) i",
on me uomman ioi-rt or tnia company, nnw!iii .
payable In Common Stork of this Company, i vl?!.. t,Wi ..X
ooin payaoio amy i. vt.v, 10 stocKDoiuers , yrr;..
vi Tecum ai mi Lio.e til uii.in.HV Anr I tt I -
19:S:
Check In payment of the cash dividend ' Mixed Collateral
nd h Certificate oj conmion atock or nlslny dart
warrant rcprefentlng a fractional share oflxr.et7 dys !f
Common Stock, or both. In payment ot UisiFour mnnthi tn
utvA .ivi'.riiu iiu l4 mailed
Dated, New York, April 6, 1S:0.
!'. A. SEAMAN. Secretary.
BANKS OIL. INC..
OF I.()IIMANA
110 Droadnuj, New ork. SnIte13C?.
March Uih. u.-o.
The Board of Directors of th Hanks Oil
Company has declared a quarterly dividend
of "K per cnt. In cash, payable to all
HOCkholiTers of reeord April 10, 1950. A
further stock dividend of lx p,jr cent, was
declared on the amount of capital stock
"held by each stockholder of record April
J9, 1920. Cash dividend payable April 13
and script certlfl-ato Issue.i April 15 and
redeemable In stock certlflcato on or be
fore the 1st day of September, 1s:o.
O. K. At.t.KX. Secretary
Five months.
Six month....
...
.19
CROCKER-WHEELER COMPANY.
AmiMre. New Jerxey. I
At a meetlriK of the Hoard of Director. 0II2Se.
ot Crocker-Wheeler Company held March I ' "
vL. w Hiici, uiviucnua oil
H y on the Preferred Stock and 2?i on I ..
the) Common Stock for the quarter endinir ' Sterllni
March Jlt were declared, payable April Demand
15th, 1920. to stockhnldera of record at the 1 Ob,'c"
Close or ousinesa April bin. i evsncr
! iiAMi. Secretary.
Hlrh 10
Tiw
...10 llJist 1
wenewsls
Vttr' hlih 25
Yeir's Inar i
TIME LOANS.
1 All Industrials
.'ttty lam Vi3
VlnetT dys 40
Four months. .'.JiflJ
Fire month. tt8
Sli months ....V,t9
COMMERCIAL PAPER.
Prime Indord Kills' Other Naxei
IteeeiTsble. ISlxty Aut 7
Sixty Osts 7 Ivir.etT dsvs 7
Vlr.ety days 7 I Six months 7
Six months 7
CLEAKIXO HOUSE STATEMENT.
Clfsrlnr Honne tJtbanres. J5t3.3M,t91; bal
ances, f.7H.Cv4.4JO: Suh-Treesury credit bal
ance!. H:s.-4- Federal reserre credit bal
ances. r3.C27.S03
DOMESTIC EXCHANGE.
Boston, par: Chlcuro. par: St, Loa!. ZZQ
15e diseoant: Kan Frandsco. par: Montreal,
I'lSO per J1.0M premium: Cincinnati, par
Minneapolis, ICo. premium. '
SI LYE R MARKETS.
Bar silver in New York. Jl It. off Jo la
London. es'd , off Hid.: Mexican dollars.
FOREIGN. EXCHANGE.
Demand...
Cables
Msrks-DemanJ...
Csble
TICK IIAXK OK AMERICA
A atock dividend- of 200'4 nnfi a easi
OlrMenrt of IH. enndlMon,! on th n.n.
pesed merrer of FrarAlIn Trust Company ' v.',
Into The UanK of America becomlnr 1
lectlre. have been declared by the Hoard ' ,s
of Directors, payable, after f).l merger !iS.iiB,
Hank who shall hate bi s, Ubolders of
record at 3 P. M. 01 April it. 1920.
W. M. HENXKT. Cashier.
Hlrh
J3ttt
4.00
13.S7
15.13
!97i
S.9Sti
MM
lf.00
r.s st
2.MU
1(03
1J.M
Prse
close.
M'i
S.t3
1391
13.2!
374 '376 !
37: 37
75 73 I
8S ! 90 J
71', 72
94 94
AiV, 4G I
3S
p
69
73
60
22
S
68
4
15
23
78
39
10
70
73
61
22
Si60c
59 j 6
4; ..!
16 ..
24 ..
134;i36! 6'
COOlOeneral Electric Co
700'General Electric Co rtR
1900'Genernl Motor Com 2
9100lGeneral Motor Corp ctf.! 3S
ii'oo uenerai Motor Corp tieo.
600iGcn M Corp deb pf 7 p c.
4300'GoodrIch B F
100'Goodrlch 11 F pf .
100'Granby Consol M & S....
SOOlGreat Northern pf
1200 Great Northern Ore ctfa.
200lGulf, Mobile & North....
loOOjGulf States Steel
19600IHaskell & Barker Car..
100Homestake Mining
2S400lHupp Motor
1100ilndlahma Itcf
21
86
89
15
39
3S
25
16
93
6
11
S3
89
15
39,
100
13
21
84
89
15
39
37,
26
16
93
S6
Cnrlion Steel.
Humors which originated In Pittsburg
and reached New York yesterday were
to the effect that the Carbon Steel Com
pany would declare a t.tock dividend.
I Charles Mchnlght, president of the cor-
1 poration, took occasion yesterday to
1 deny tho report. "We have not consid
ered or are not considering or about to
Ji I rnnsWIer the ileolaratlnn of o ?4neL ,1lrl.
dend." he declared.
Dividend I'OHallillltles.
Tho lead taken by 'such corporatlona
as Crucible Steel and Studcbaker In tho
declaration of large fctock dividends has
Just commenced to open tho eyes of the
men listed in the directory of directors
to the ripo field of opportu; ty which
has been opened up. One authority, who
is under the impression that the ground
has merely been scratched In the first
few that havo been doc'arcd and that
others are certain to come, submits this
list of those in tho possibility claw. It
shows the approximate surplus a share
1 Car and Foundry, ?10l ; American Loco-
lis I motive. $91; American Sucar Heflnlr.g
.. !151; American AVoolen, !U : Atlantic,
f 1'Oulf and West Indies, $118; Central
I Leather, J"6; International Harvester,
:31.
.
'136jl56 155l55
37
95
152
80'
70
23
84'
47
13
134
90
37' ..I
96 I 6!
'160 1 ..:
si
1800 Inspiration C Cop ex div
300 Interboro Con Corp
100 Interboro Con Corp pf..,
lOO'lnt Apr! Corp
lOOiInt Agrl Corp pf
1100!lnt Harvester Co, new...
2500'lnt Mor Marine
26001 Int Mr Marine pf
200.1ntemat'l Motor Trwk.
3 3 3
379:374
f aSlil 37t
6
90
72
94
46
79
39
9
70
70
60
21
8
53
.1 1 .
I T4
13 I 15
'24 I 24
! 80 ! 80t:
!133135I134
I 37! 37 37
1 96 97 95
loH ilbS
76
90
73
94
46
79
39
9
72
73
60
23
8
59
J, 4
I J
90
71
94
4
78
38
0
69
6S
60
21
8
58
4
15
24
80
3
374
37
75
90
71
94
46
Ti
JS3, FTCi.ed Steel Car. $ 115 ; Republic
Iron and StKil, $112; United Fruit, $97;
United States Itubber, $67, and United
States Steel. J91.
G .Want OH IJJ) Chit W InH
Itep or Cuba J.ij 2 83I3 8 6
,'w, 1 ....... .-.m. i.iic VVL,l,ri w.
9H4 ntOCT4)y1 f.R 7813
1.
ArEfntlneOvSs
1 7llj
Jaianeselst4is
7S7S,
1....
10. . . .
Japanese Jd4Ki
1
29'... .
3....
1....
3... .
913..
4.-..
3.,
4.. .
6...
10...
0.
.01 CCCAStL HtL
..OOI3 4S
..01s IS Ct
..(Ala Col So rat 41i
. .Co i 3 72
7V Balt&O gold 4si 1 7IU
84 1 01 I 1 71
787$ Dalt&Ohlo Con Oss-yr t
79 ' 2 2 19 lOOlo
786 BaltAOaWSJft 10 1007a
HS4 2 711s 100.8
79 I 7 71 18 10013
78 iBilti-OTolU & 00l8
7871 4 47I4 2 . . . .IOOI3
v iuau r corn Froa ss 34
UHIlealty&I is
13..
2. . .
C...,
c...
2... ,
B. .. ,
4...,
...Hllj
...84.S
...81'2
... Sl'hf
...sua
...8t34
...8413
M34
Intcrboro-Mct
col trust 4Ki ' (.
10 19 Or i Cal 1st 5s
eertiacates 1 2 91
20 19 OrSbLfd4s
2. . . ltSl 3 K
IntM Marine fa lo sols
10 00 7 SO
Iowa Central 4s Pacific Oas Is
3 42 3 78i
KauCSorefSs 2 7834
1 0913 rtnnats 1994
Kan City So Ji 2 S37g
4 fit 21 S-.I3
nmuirier is rvnn era 4vt a
0 fis 1 7;l2
IO U74 2 7(il
LaekStlSsIPJl 1 7fi
1 OJI4 3 73I4
tacK oil w iM9 renna 4H 19.'l
1 90lg 3. ..9ala
9014 I'ero Marq&t A
22 ..91 I -J 81
LsiMftVlMl.l'blii Co cv'ss
. A 70U 19:i
Lehigh Vales I 2 St
4 9013 Readies cm 4s
1 PCi4 13 7S
' '-oia UlArk&U4i4i
UigcttJt M 7s 11 02I3
2 10434 :, 62-Vj
l.ixgett & M ts 4 f,2la
1 S534 StLilronM 4
Lou & Nash 4.1 r 'i.
WV4s 10 99 I 1 . .7913 StI.A RinFran ValnmCtl!
8I3 l.... ..SVg 6 '. 9334 1 L&N AhJ:C 4s Scries A 1. ..S2ls
'8I4 DethStl ts 1M4 Del A: Hud 4S's 3 I 1 57341 Vlrrinlan Ilyii
8 I 1 83 . S O6I3 I Midvalo Stl Is; 11 57I3 2 7.4
SI4' 1 827g Del&Hudcv 1 83 i. 57l4i Wabash lit
83g Dcth fitl fdc s 2 815s! 2 S3I3 R 371j 5 .. 77U4
8I3 3 831s Den & II O ts' Ud LSAW 1st 1 .. .. 07I4 Western Klec is
Tin: hank or amkhica.
New York City. April 1, lt:o. To The
Stockholders Of The Bank of America:
Please Take Notice. I. That a special
meeting of the stockholders of The Hank
of America will bo held at the office of
the Hank, at No. 4 4 Wall Street, In Lbs
lfrirouglt of Manhattan, City 0 New York,
on the 27fh day of April, l'JSO, at 11:30
o'elock lu the forenoon, for the purpose ot
rnnslderine and taking action upon the
followlnj- (1) The approval by the ftoc
holders of an aerecmeut made and entered
Into by Tho Ilank of America and Kranii
lin Trust Company, approve! by the Su
perintendent of Hanks, pursuant to the
provisions of the . Hanldne Law of the
State of Nciv York for the merger of
Franklin Iru.-t Company Into The Hank
of America. (21 The Increase of the num
ber of Directors ot the Hank from nine to
twenty-ton. (3) The tale, conveyance and
transfer by Franklin Trust Company to
The Hank of America of all of the prop
erties, rlBhts. privileges and franchises of
Franklin Trust Company, subject to the
Litter's liabilities. (4) The amendment of
tho Articles of Association of the Hank tn
I the followlnc particulars: (a) Section 1.
Uh ,Ifi I l'n 1. The name of this Association shall
I I be. 'The Dank or America,' and Its busl-
" J.v"niM of discounts and deposits Is to be
I 8 1 carried on In the city of New York.", to
O 8 Itubber Ss , JO amended so that ns amended It will
1 83-V read's follow: "See. 1. The name of this
1 Vl-ti jijnk Bh.-UI be 'The Hank of America" ami
3 S3Aj ' Its (principal ofTke and plaee of business
3 83.14 . shall be Ip tho City of New York and It
12 8313,1 t.iny open, occupy or maintain such branch
4 S3l offices at such places and for the tr4ns-
U S Steel sf 4 tlon of such business as may be autho
r. uua lied by Ian.-' (b) Section :. of Article 1
.. o.-j I now prnvMIng ias amended purj'iant
1 iihC. reso'ujlon pa.eu at a specia.
1 90l4
1 Ortl,) .
1 Mt
Ctahd North ii
1 9u!8
I'tah Power Js
1 Wl
SIi Bkn Rao Tr 7si 2 0
Japanese 4s certificates Den&nOreris
1 MI3I 7 44 10 4
1 WUi Busk T Hklr ts 2 4778
1 04 3 73 4 48
10 04U'Cen Dlj Tel Js 3 14
2 M I l..t P03g 4 48
6 6H41 3 01g 10 4718
87 C4Tj, Cen Leather is Erie 1st con 4s
J 4I3 7 94 1 61
2 645j Cen Cla cn is 2 521
1 34' a 80 Ene cr 4s &or U
" 643gi Cent PadCe 1st 1 39
1 WI4I 3 70 I 2 38
1 645g' 19 70lg ft 37Sa
18 04S4 Cent Tac IKs I 2 377g
20 MI3 JC W iErieCY4sserD
S. . . . . ..641.1 Cent Par tl.4 ' 41
Tokj-o Is 1 Cfllui 2 4004
3 SSlj 2 67Ia Erie sen 41 .
I I 3 42
tn
meettnc of
atneithoidera on October 7. 1S95). that tb-
amount of the capital stock of the Ban .
shall be 91 500 000. consisting of 15,0 Of
shares of the p.r value of 1109 earli. to re
amended so tha as amende.) It Till rvt
us follona: "See. :. Tn itmount of Its
taptul 'stoik sha'.l ba Five million five
huni'-cil thou'jml dnl'jrs I 55 500.COOI dl
MdeU into lift.v-fle thousand iSJ.0001
enr.r.s of the par value of One hundre
dillar. (1103) each" (c) Section I. o'
Article III. now reading' ns follows
'.Ve. t. The powers of the As.oclat'.ot
thall be e.erclr,i and Its business be con
ducted by nl.ii- Directors, t-.very Director
9171 "nan 00 a onren or me cnueo Mates 0
uv,i,li 1 America arm snail nwn anu nom at ai
I in ,ltlms. In his on right, at least ten shs-e.
., ' of the capital stock of the Association.
tv.f'.;.i'-7.f to be amended to that aa amended It wl :
Wcstraclflc lst aa , fonong : .-,., j. Thfl p()T.r, e
' i the Association shall be eterclsd, and It
t(t hnoro4s hulness conJucted by twenil -tv.-o. rilrec-
reKileri.-(l ,ors. Kvcry dlr-etor shall be a cltlxen o'
1" 09 m,. United States of America, and shs'
II nsl ... a n.l hnl.1 at all fin,. In 1.1. nnn
mo rac i,s iir.-j 3..;....oies Wheel I. K 4 h, ' rleht. at least ten 1101 shares of the capl
3.. . ,.S7l4 1 6H3 10 OUa tsI stock, of the Bank." (di Article IV
MorgLaATexes 1 61 Wli A: LE cn 4s I no' rcadlmt as follows: "The Board o'
2... 9Sii 2 Cllj r... . .53 I Directors, out of the funds of the Assocl-
fat Ematnel 3s StL A SanKrau IMIsoa Si Co cv I atton, shall defray all Its expenses, am.
A 9fl3 lnc 6j j 2 uiaii twice In each ycir may declare and psi
ij 91.V i rni-n aiviuenua Hi- uizy nil? ueri:i r.spe-
4""" 9tli dlent. and as shall be lawful, out of tha
, olo surplus profits of the Association, to th
OOJj'Sll.Jt; SsnFmn
Mo K & Tt 4, Scries 11
2.. .c. .0778! 3 C7I4
Mo K & Tex M 5 07
, - ,.29l8! 11.......0J34
MoK&Tei fdg ML A SanKraa
certincates Series O
.30
1 ;
.S.-.1J
Mo Pacific con 8tL& Sanl'ran,
a ocia adl I
Nat Tube es
2 90
3..
. -4 VV
. ...4.M4I
,...4.V8
,...4SU
....4M31
Standard oil Company.
JL Ci
1
u
7!
r
, ill e s, 4ytv'(,va u l r ijn 1UJ illJl
300;inter Motor Trtic lot pf. 80; 80, S0
iou, inter .Motor xrucK xa pr. 71
23i .. 1400Internatlonal Xickel
Sl' .. 4300' International Paper ....
49 I .. 1300Iron Products Corp
15 I ..' eOOiJowell Tea
134 -4l 900'KelIy Springfield T4re...
92 ' . ' 600 Kelsey Wheel Co
32 32'i' 2; 2900IKennecott Copper
39 40I1.20 2S00:iCeystone Tiro & Rubber.
81! 81' 6' 16200 Lackawanna Steel Co...
34l 33' .. 200iLeo Ilubber & Tire...
44 1 44.'3
S.i !
50 '
14i 16
.'134 134
1.7S
1.77
1.72
1.73
1.7S
1.74
t.7J
1.74
Yesterday's Close
uemsnrl
or Chech,. cb!e
NEMETH STATE BANK.
A quarterly dividend of C has
len declared, payable on April 10,
1920, to stockholders of record March
XI, 1920.
KARL SCitriNK. Cashier.
Office of The L'nlted (ins Improtement Co,
,N. W. Corner Broad and Aroli Streets.
Philadelphia, alarch 10, 1920.
Tile Directors havo thli day declared a
quarterly dlvldnd oi two pr cent. (1."
ntr share), payable April 15. 1920. to stock
holders .of record at the close of business! .
JIarcU 31, 1920. Checks tH be mailed. 4-4.42
H.97UJ
II 03
1.7J
14.12
13 KU
14.90
i.;i
14.M
19.20
40 2
12.44
O.U
uttn
1. W MORIIIS. Treasurer.
DISOLL'T10N NOTICES.
kcw is lirt
firm of OADKI. & WBISSMAN has this
day been dlsrolved by mutual consent, Mr.
JJ AX WELSSMA.N succeeds to the copart
narahtp buslneje and assumes all liabilities.
Sated, New York. April Ith, 1920.
JACOB I- 0 ABEL,
5 U13 1-aiis
U.I Mirks
5.18:3 Belrluai .1
Chins
Ilonykonr
Shanxtal
Greece
llo'land
Indn-
Dombay
Jinan
TeVohsiai
Ih!lippin Ialsai-
."aniia
5.1 2 II sly
It.V) ScandinavH
Stockholm
Chrlstlanls
Conenharen
South Amertea-
nio
Arrentlns (cold)
Uueaoi Aires...,
Epaln
Sxltxerland
103.42 Urumay
H.4( Russia
Mi rubles ,
100 rabies
TniH nitJJI ON livnfl
Bankers. I CemmerdaL
10 5iy Stva(i days jxi2?4
90 dJ ?.'it days..
H t
4214
19.M
S.1J11
97
L42
US
rr.s
m
:4 a
?! M
19 M
'.J.Ti
57';
MU
41 14
17.V
u.12
i.w;j
1.S0
70
20
113
63
137
23
ou:i
56
29
32
I 20
145
64
133
29
37
60
32
4;
47;
'i
21.60
'.'.VI I
ai.fn
2S.U I
sii
41.JS
17.M .
CM
1.00 "i
l.
1 14
202
24
33
-48
14
72
8
14
6
10
2
1.60
4
133
203
24
35
48
13
74
8
14
27
44 ..
OS 3
37' 37 ..
46' 46i 4
37 373
C6' C61 ..
97' 57 1 7
118
lOOILehlgh Valley
100 Liggett & Myfc-s Tob rts.
22600 Loews, lnc
1700 Loft. Inc
300 Lorillard XV) Tob
1200 Lorillard (P) Tob rts....
100 Mackay Cos pf
4700 Manatl Sugar
100 Martin-Parry Corp
400 Maxwell Motor
100 Maxwell Motor ctfs
600iMaxwell Motor 1st of
SOOlMaxwell Motor 1st pf ctfa
zuuiaiaxwell Motor 2d pr
100Maxwell Motor 2d pf ctfs.
200Mays Dept Stores
22800lMexican Petroleum
200!.ilamt Copper
960(M!ddlo States Oil
13900Mtdvae Steel & Ord
100 Minneapolis & St L new.
100 Minn. Rt P&SS M
600Mlsyot)ii, Kan & Tex....
300 Mlesoarl, Kan & Tex pf.
700'MIwourl Pariflc
200 Missouri Pacific pf.
SOOI.Montana Power ..
300!Mont.Vard & Co..
SOO.MuMins Body
1 32
40
80
33
44
16
33
i.U?4
145V4
7
64
134
29
37
31
59
55
33
27
183
03
24
35
47
15
73
8
14
27W
( '
I 8St!
46
38
9
69
73'
60l
22
8 I
68 1
4
16
24
80
134
37
95
158 14
80! ..
I I 70 70 I ...
23: 23 j 23 I
85' S4 84l 1
30 48 1 4S 2
14' 15 -t- U
132'133l iu
The Standard Oil Company of Xew
Jersey 13 in the market for $100,000,009 j
1; of new monev. Whether It will li nt.
new preferred stock or of notes has not
S- I lin fleplHpil. The ftnflnclrti. tn Via Tinn- I
4 died by J. P. Morgan & Co.. probably 1 AS22"tfBf?t,et?' mi 1W)
o . v;in iw n,,. ihin , ,. .. I Arsentloe Intern. 6s. 194S
I has been reported frequently that the
i j Tevaa and Pacific ("onl and Oil Com-
ti j psny's properties In, Texas are to bo ac-
. if Cjuired by Standard Oil. This renort.
JL .J however, has been authoritatively denied. 1 HitS. 5"u
- lexas ann rartrics stocKholders will Cuba Extern. I, series A, 1J'..
meet on April .1 to vote on a proposal Uub Exrrrn. 4Hs. lo
to incr-OTse the capital stock from Dominican Rep , 1958
ts nnn nnn t innnnrni ! Wty of Lytms is yr. 6 1934
iv, . rv,vv,vv. . ,',111 Ul n .1 U.n.lllt:n 1CJ
iiiuj ii ui3- citr of Tlonieaux li it. fs. 1934
BID AND ASKED QUOTATIONS.
UNITED STATES GOVERNMENT BONDS,
Bid. Ask.
rvcistered loii; 103
..WUi 102
..14 107
..1M 107
..101U 102
..101' 102
. .101i 1
..Wlli 102
.. n n
.. fi 80
.. !,
.. 113 93
.. K S3
2s, coupon
4, registered
4S. COUDOIl
Panama, 19ai, rtsistered
l'anama. 1934, coupon
2s. Panama, lfM, resistered
r-anarna, 193S, coupon
ts, Panama, retiatered
is, Panajna. coupon
Will. Isl land purchase 4s, 1934...
Phil. Isl public, werks 's, 1935...
Ihll Isl public works 4s, 193J...
District of Columbia 3-S3s
FOREIGN BONDS.
, Si
this new Issue, nt least.
, !S
, 7Ui
, 97'i
IS
. li
, Ml.
si
Canada, Dominion of. notes. 1921.
Canada, Dominion of, Ss. 1921.
Canada, Dominion of, 1933
Canada, Dominion of. 192
Canada. Dominion of. 1931
Chinese Gov., Hu Itu Ry. Js, 1901.
Jlis
4- V.
trlbuted to stockholders as a stock dlvl- ' ctir of Copenhagen 25 yr. Js, 1941. 7S
dend.
FTench. Paris City 6s. 1931.
Japanese Got. 4H. sterl. loan, 1933
Japanese Gov. 4Ct9, 2d Kriee, 1923..
Japsneeo (lor. 4s, sterl loan, 1931...
Japanese. Toklo City Is. IK: ,.
U. K. G, B. & I. a yr. 61,1. L1JI....
U. K. G. B. A I. 3 T. DHs, 1922 ...
V. K. (5. B. ic I. 10 yr. 5sS, l?2.
t:. K. G. D t I. 20 yr. DH. 1937..
eS4
7SS
7SH
64U
li
MX
9114
S7H
' Mexuo Extern, sterl Z of 1943.
95 ! 93
32 I 31
40; 39
82
35
44
16
24
20
143
7
64
139
29
37
31
61
56
29
27
133
206
24
36
49
15
73
8
14
27
45
G7
38
47
.200!NatIonal Ac'mo Co I 37' 37
buv'.auonai Aniline ft Chem.' 67 07
' CT
72 74 3
11 12 ..
73 79 6
87 87 .6
14 15 1
107 109 10
200
200
10O
600
700
4400
300
eoo:
National Anl & Chem pf ,
national Biscuit Co...
National Cloak & Suit
National Conduit & Cable
National Enam & Stamp,
National Lead Co
Nevada Con Copper
New Tork Air Brako....
87
no
73
12
7S
85
IS
110 j
87
116
73
12
78
87
15
110 1
79
35
44
16
82
20
145
7
64
134
29
37
21
59
65
29
27
132
202
24.
35
47
15
73
8H
14
27
"7
C7
38
46
37
6
S7
115
73
UK
77
85
14
108
31
40
81
33
44
16
33
20
145
7
64
137
29
37
31
60 .
5
29
27
132
202
24
85
48
15
73
.8
14
27'
44 I
67
38 :
46
37
66
87 1
115
73
11
78
87
14
108
o'.i
1
li
3
'i
1U
1
m
u
'i
Subscription Itecord.
Something of a record has been estab
lished n the rnpldlty with which the
two h!g "railroad Issues have teen
snapped .up. It was announced yerncr
dav that the J36.2E0.00ft of 7 tier rent.
equipment trust notes of tlio New York 1 Miilco Extern. foM 4, of '04, 1S34. 20
Central anl the 530,000,000 of Penn
sylvania ten year 7 per cent, bonds have
been dispoted of and the books closed.
The entire S86. 130,000 was subscribed
In less than twenty-four hours after
the books were opened.
9A
71S
PTV1
52
10
91U
45H
?2
K'l
73
f7
M
W
PO
74
so
70
TS't
814
r-Vi
f3
ton
SlH
Sagnr Shares.
Closinr prices of stocks - In
trere no transactions yeaterdsj-:
Rid. Ask.
Adv It pf.. 634 70
AI i Mfs. 41V1 4ti
do Pf 2U
A A Chem.. MS tli
Alb & Susq .. 1M
A Ilk Note. '43 47
do pf 41 45
Am B S pf 15 91
A Bk S pf 220 240
which there
Am C Y pLUSVi 11
Something about tho swift movement
In tho sugar shares on tho big board
yesterday reminded the old timers of
Wall Street or tho old flays wnen tne
sugar shares used to hold the market
leadership In much the manner aa tt
now la held by the steel shares. The
I current movement In the sugar Issues,
caused by the advance In the raw prod
uct, ar.d the added probability of stock
dividends by some of the leaders has
carried sdmo of them into new hlgn
eround. For instance, theso advances
...r. r.crtsteren hv the ctoud vesterdav : Am Tel A C Ct
ch,n American un 31 14. South Porto- Ann Arb pf 524
rican tin C Punta Alegra up 2, Ameri
can Beet Sugar up 1, Manatl up 3
and American Sugar Refining up 4. Tho
only one of the group which showed a
fractional loss on the day was Cuba
Cano, which, after establishing a high
at 55, dropped below 54 on profit taking.
Practically alt of tho others closed at
the high of the day.
Amer Coat. 25
A Cot O pf.. 83
Amer lor... 30
do pf 3
Am Loe pf.104
Am MAG
A Shlpbdr.. -.
Am H See A 41
A St Fdy pf 91
Am Snuff...l
do pf...... 91
Amer Tob. 209
30'i
S3
103H
to
125
V.
J2
112
$0
270
American Snmntrjs Preferred.
-ri. e-Antli American KumAtra
. , in,: ...
preferred within, the last few days, our-
t4 i ,rhtch an approximate 13 point ad-
A Dry Ode. 45'1
Klo 1st pf. (7
do 2d pf.. 07
At ntr A- A ;
At t'oest U 87
AGlWInf. ti
At Refininr 10 1400
Auto Sales. 12 13
do Pf 20 Ti
Ratoptlaa .. 1
Bald L pL.Wl
Ilsrnett L.. S3
tlo'pf Jl
Barrott pf..le4
neech Crk . 2S4
102
'
10$
27U
Rid.
Alk.
97
100
IU
12
97
tti
3H
M
8
70
Doth Steel.,
do 71....
do pf.113
Booth FUa 11
Bkn Edison 95
Bkn Un Oas K
BrownShoe.10)
do pt n
Brunswick . V
But t Bus,) ..
Buff IU P M
do pf 73
Burns H pf.lw
Mush Term ..
Cal Pack pf.!17
Cal & Art:. cr
Can South. 41
Case pf K
C Leath pf 103 103
CRR of NJ.192 yo
Cert Prod.. M S7
do 1st pf. i'IU -
do 2d pf SI
CM ft Alt... 74
do pf 12Vi
O K I ct pf 9
CANW pf...U6
O Gt W pf. 21
CStPaOd
do pf
CRIAH7JJ.. 74
CCCASLpf. 65
ClereiPllU ..
Cl Pesbody. 9t
do pf 904
W i So... 23
do 1st pf. W
do 2d Pf.. 43
Col Grph pf M
110
92
126
es
7
M4
la
10
lt
214
C3
974
73
93
1014
24
U
to
Itid.
Coil Gas.... S5
Con Can pf.lw)
Con Insur.. 73
Cub AS pf.lM
Del JL Hnd. ',4
D L & W..vj
Del Edison !")
IX't t. Mck.101
Det United. ..
.Dlari'nd M.113
n,i r. 1 .
do pf 6
Durham JI. r."
do pf ?9
Elk II P pf 27
Elec Stor...31D
Eniex Bran 25'i
(lo pf f2
Erlo 2d pf.. 13
P P Iji p( SS'i
Fairbanks.. 65
Fisher Body.123
do pf 1W
Cen Chem..lt
Cen Cliars 704
do pf a
Gen Mot nf. 84
Gray A D.. 2a
untnc u...
OuiiMiNpf 2s4
Gulf Stl Ipf 90ii
Hartraann.. 92
Harves pf..iu
Hendee M.. 33
Illinois Cen 90
Int Nick pf 17
Int Pap pf W
do pt it.. 734
Int salt.... 074
Iowa Cent.. S
Jewel T pf. 37
Jones Tej. . 22
Kan C S.... 17
do of -i-i
Kayser 119
du 1st pf in;
Kel Sp T pt 91
00 ism
Kel Wbl of.. 95
K-o i D M 4
do pf 21
Krwje 8 S.14S
do pf 1J24
Kress S II . SO
do pf 101U
Laclede Gas 40
Lake'BiW. 8
do pX 13
Ust 4 M..160
do pf 103
Lorll'ni pf.lOI'i
Loose-Wiles 53
do 1st pf W'i
do 2d pf..l!t
Louis U N.103
Msl'aeon.... 41
do pf so
Manhatun. 41
Man Beach
Man Shirt. 30
Maekay.... m
Man Suipf 93
Marlin R
Math Alk.. 23
May DS pf IO24
Ilex Pet pf 91
Mich CfinU. 15
.MPS8M pf. n '
MSSMLL... 52
Mor &. E.. ..
MonPow pf to
MullltrsB pf 97
N C A StL ICS
Nat Ills pf.11.1
Nat C4S pf ii
Nat EAS pf 97
N Ry M ipf S
do 2d pt.. t
Ask.
SS
lt-3
S)
110
5J
155
105
IM4
120
S
10
f.7
103
4.1
123
2!
K'4
15.j
W
S3
W)
103
1V
71
lot
37
SJ
31
!'7
91
113
JO
92
H
M
704
70
7
21
174
47
113
II!
W
1(3
91
42
12
19
51
Bid.
Nat Id pf..i07
N O T A M 414
NYLackAW fa
NYC A StL... 3t
do 1st pf. 54
do 2d pi.. 41
N Y Docl;..
do pf
nyoaw. ...
Nla; P P..
do pf
North Am..
Otis Stl tif.
Onerw It pf ..
Pac CoaL. 23
do 1st pf. M
do 2,1 pf . 45
44
Pac .Mall... 33
Pac T A T
Parish & B n;
Penney pf.. X',
lVoria & E II
Pcre M pf 4j
do p p.... 64
Pet-Mul.... TO
do pf 57
1-hUjip J pf H
PlerocAr pf 94
PiorceOll pf Jir:
PCCAStL.. 71
Pitts Cl pf. S9
PKWAC pfl20
Pitts Stl pf S3
PAWVapI. 75
Pr St C Pf.102
lub Serrleo S7
RyStSn pt..m
Rep 811 pf.. f.s?,
Read 1st pt 33
da 2d pf.. 23,
Rem 1st pf 92
do 2d pf.. K
Saafe A... ;o
Scab .U. nf IS
Slox!-3 pf... fj
SIW8I' pf. S2
Nf L S W.. 15 ;
do tif vc
t4 1 Sliattuck... nii
s fono Siig-,104
So Ry pf... K4
Stand 31 pf o
Sup stl pi.. n
Timtor A.. 434
do pf H.. 404
TcxPaeLT215
Third Ave.. 15U
Tide W OiLaco
Toh Pd pf. M
TStL A W 3
'Jo Pf la
do Ctfs.... u
do p 0..., )
Twin City.. 53
(In pf
1'n.Ier'd' pf.lnj
Un Ci? Sts.l-i",
U Drus Jpf rH
do 21 pt,.nv'
1TSCIP pt. u
I'S liiAIpf j;
Utah See.., 9'!
USSmeltpf 434
va-O c pf .!(:
Wab pf B 1?
West 1st pf a
West 31 Jpf l
West Psp nf
" us m pi , hi
Ak.
109
42
w
22
w
41
fx.
lot
101
fa
101
9$
4)
1C0
cn
M
.-.(4
42
42
95
13
4SU
67
!0
100
974
71
O
1?;
tt
79
irc "
7014
if
'a
ft!
164
M
974
:i
3f4
95
ncys: of which dividends notl-e ehall be
Immediately published, for at last "tei
days, in two dally iiwpapers prlnwd in
the City of Nott York. Any interest a, -rrulnz
on unclaimed dividends shall be!
long to the Association.", to be amended
so that as amended It vlil read aa follows
"Article IV. The Hoard of Directors, out o'
the funds cf the Ilank, shall defrav s'
Its expenses, and may declare and p
such dividends ns they may deem expe
dient, and as shall be lawful, out of tb.
surplus profits ot the Bank to the stock
holders or their authorized attorneys. An
Interest accruing on unclaimed dividends
shall belons to the Hank." (e) Section I
of Article VII. now reading as follows
"Sec. 3. The President and the Cashier
shall alien nil Certificates of Stock to'o
lesued by the Aafioilatton.", to be amended
so that as amended It will read as fallout.
"Sec. 3. The President or any Vice-President
and the Cashier or any Assistant
Cashier shall slg-.i all certificates of slock
to be Issued by the Bank." II. That a
special meeting -of the stockholders of Tbs
Bank of America will bo held at the office
of the Bank, at No. 4 4 Wall Street, In th
Borough of Manhattan, City of New York,
on the 21th day of April. 1920, at 12;li
o'clock In tha afternoon for the pu.-poje
ot authorizing the Increase of ths capital
stock, ot The Hank of America from 11,500.
000, the present authorised amount, con
sisting ot 15,000 shares ot the par value
ot 1100 each, to J5.500.000, consisting of
55.000 abarea ct the par value of J100 each,
and the disposition to be made of auoh In
creased capital stock. HI. That the stock
transfer books ot The Bank of America
will be dosed at 3:00 P. 31., on April 24.
jy:o. and re-opened nt 10:00 A. 31., on
April 2S, 1929. The attentlonof the stock
holders la called to the circular letter bear
Ins; even date herewith and sent by direc
tion of the Board of Directors. By order
of the Hoard of Directors.
Vllilam II. 1'erklns, President. Waltsr M.
Ilennei, Cahler and Secretary.
41
11
224
170
105
1.0;
79
1M
127 '
1M4
41
M'4
W
2
21
70
10O
M4
22
101
954
&
u
704
100
112
115
MO
.11 I
ei,i
WICKWIRE STEEL COVPANY
Notii'k 01 RKiH'MPriov or mtST moht-
OAGK SIX PKlt CENT. GOLD BONUS.
NOTICll IS HEREBY CIVUN that ail of
the aforcnId bonds outstandlni under the
1(4 (First .Morntace of Wlckftlro Steel Coinpar,
27 I to Bankers Trust Company, as Trustee
114 ! dated November 1, 1914, have been c.i'led
IIS , for redemption on May 1, 1920, at one turn
M dred two and one-half per cent. I1024',i
t the principal sum thereof and accrued
Interest, and that on and after Stay 1, isjv.
such bonds will bo paid, out of moneys de
posited with the undersigned for that pur
pose, upon surrender thereof at the office
of tho undersigned, at Its Corporate Trust
Department. IS Wall Street. New York elf.
accompanied by all coupons maturing on
and after the redemption date.
The undersigned will also ba prepared,
out of such redemption moneys, to pay an'
of such bonds which may bo surrendered
to It prior lo May 1. 1920, at one hundred
two and one-half per cent. (1024ft) of th
principal sum thereof, and Interest accrued
to the date of surrender. If accompanied b
nll Ml' COUJlUUS inaiUIIUs Vll MI1U 1.1.11! .. -.
! 1320.
1 Appropriate Federal Income tax owner
ship certificates must accompany all eo -.
pone maturing liny 1. 1920, and all bonJs
registered ns to principal must be accom
panied by proper instruments of assignment
i thereof In blank.
1 Dated March 20. 1320.
BANKERS TRUST COMPANY, Trustee.
Hv H. F WILSON. JR..
!7
4-?i
430
1
220
K
1
23
r,
21
St
Si
117
21
Wll Over pf
Wis Cent... as
Woo''th tif 111
Vthjrtn pfA ss
do pf I:,. 7.14
Ex dividend
l'X;
id, '
I j
644 1
194
A
47 j
21
lit
92
Vice-President.
tiit
WILLYS 0VEBLAND REPORT.
1
I ..n..A has heen recorded, recalls tnat
H the probable reason for this strength Is ; . ,.nA,, ... .....
to stir
and net
ho Increased to 730, soon, cor-ilstcnt with
material conditions.
CottHitued on Foltotrinj- Pa ft.
ft
... - .i..ia,i- 11, ci.eriana voiniiany ami nuosia
' 110 and accrued dividends. Its adtance 9 howg ' , ' nt ...rrlv,.
f 2?1 points cnWedne-day and 13 5".!"" $" ""T
" . ,w , . . a n . .... !. Plus tttA,uuii ui fitini,.ao.M4l UUU IU
. point Zy i 'J" J!" " " earnings of 16.808.737.28. The pre,
if ;te,T r ... Z Vh i,n.h tn it e"i KftTi dent ot tha company expresses his gratl
the closeness with which mo i,'J63,50V ,.. ,,, . ,
4-27: ? the stock outstanding Is held. The P""1;. "n.av,nS"
,7 "":.! in nn of Its best rears saTa 10 1110 curianeu prouuc-
. running fa, ahead of those of the cor- sIoj eLaV.W rM,,e,,n v.
I responding period of last ysar.
Llrerpool ftton StntUtl.s.
LtVKTsroot., April 9. Vcel;ly . cotton
statistics: Imports iqj.ooo ' bales,
American 82.000; stock 1.11 1.000.
American 900,000; forwarded 76,OOo
American u.guo; exports 9,000
TO THE STOCKIIOl.DKItS OK
, 11n.Aiv.t t1; ami iii:ii-iis i:oiti'M.
1 Notice Is hereby given that the ANNf A -,
MEETINO of the Stockholders of HIE
. DKLAWARE AND HUDSON OlMPAN'
will l,e held at the office of the C'ompar
No. 32 Nassiu Street. In the Uoro'Jgh ef
.Manhattan. City .of New York, on TlTs
DAY, JIAY 11. 1J20. at tv.-ly o '0
noon, for the elee.tlon of Managers of tin
rorpontlon for the or.tutiii; year, and
the transaction of such other buslners
may pruperly come bforo the meet 111.
Inr-luillng conslderlns ami voting upon Pis
approval and ratification of all a-i 0i e'
tin P-ird of Managers and Lie j-'
' ommlttee since the last annuel .rc'ii,
of stockholders, ami all matters ref, rred 'e
In the Annual Report tn Stockholders f
the flYal year ended December 31. 19U
The polls will opoi at twelve o'' Ioc
noon and remain open for at least one hoj'
stocKnoidera or record nt the close
Tho company's dally production, ho
Itays, is (50 cars, antl that schedule will can, 242,000 bale.
1
11.000, American 9.000. Pollnnrln - 1,.l.,... t... 1 te.a .k- .l .1.1. a
the weekly cotton statistics: Onmi'i,,, vote at such Annual ll.etinr
afloat, all kinds, 319,000 bales- Ameri. I Dy order of the Board of Managsra.
New York, March 20, 1920.
I