The Sun and the New York herald. [volume], May 05, 1920, Image 16

About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

Image provided by: The New York Public Library, Astor, Lenox and Tilden Foundation

                
THE SUN AND NEW YORK HERALD, WEDNESDAY, MAY 5, 1920.
For May Investment
Our May offering sheet
list 01 'artfully selected
issues nf high grade securi
ties, each yielding, at cur
rent prices, an unusually
attractive rate.
Included arc more than SO
.Municipal issues yielding
from 4.00 to 6
Write for Circular AD-30!
IMationalGty
Company
Main OCettNtUMtlCii Ssmk BUf
l'ptvnOtiFUtnAra.t 4Jfd!fc.
Ccrrttpcodent Offices In ovar 50 Cltlos
Service for
Out-of-Town
Investors
W't maintain a tor
ipenitnee department
uhlch is (specially
tquippci to adtiie out.
c.fctfn intulon uith
respect to Iheit present
UUlngs tr the con
sertatite intttlmenl of
ccallaUe funis.
Merrill,
Lynch
& Co.
120 Broadway
New York
Chicago . ,
Detroit
Los Ange'es
Memltri Nat York Stack Exthant:
90
of the milk bottles
made in the United
States will be pro
duced by the Thatcher
Mfg. Co. In addition
they will produce
115,000,000 condi
ment bottles per an
num. You may buy
the Ten-Year 7
Convertible Sinking
Fund Mortgage Gold
Bonds of this Com
pany at a, price to
yield 7M-
Circular No 8619 on rtquut
Bonbright & Company
iS flaiai.'., . New' York
Foreign
Exchange,
Securities
& Currency
Special Analytical
Circular upon request.
L W. Wagner & Co.
MMlitUt UST. CMcao
t .V. r. Stock Krehaun
Wsrabara -i -V. Y. Cotton Btthann
Chicago Boari Trait
S3 New Street (W) New York
t 14 Xit Utk it.
Itti. Alt. 4 Hi St
tfukll 103 Witt Hi St.
XCrtSt.,BricMv.
W.F.Ladd&Co.
Investment
Securities
New York
NOBLE & CORWIN
xa nng Hi. now Twk
EevtiWe T. Tex. Pac. C. &0.
Chase Nat!. Bk. Otis Elev. Pfd.
Telephone 1111 Broad
FINANCIAL NEWS-"
AND COMMENT
NEW YORK STOCK EXCHANGE PRICES.
Tuesday, May 4, 1920.
Day's sales..,,
Year to date...
After Early Recovery Stocks -MJ"-ft?- Hp's
Decline on Realizing, but
Tendency Is Upward.
1920.
840,912
98,932,541
1919.
Ex. closed
78,537,963
1911.
921,204
42,766,982
MOTOR ISSUES IMPROVE
Baldwin Lends Market Up
ward Money Easier Ex-.
change Featureless, .
1
1 J . .
r
I
The recovery In stocks continued
throughout the early part of jester-
day's session and the standard storks
gained nn average of about a point or
two all the way around. Tills sort of
a recovery always follou-n a ii.niin.
such as has been experienced for the laot
'fortnight, 40 that after the most urgent
part of the covering had been ifcm
pleted It was quite natural that stocks
(should sax off on profit taking, particu
larly In view of the fact that senti
ment was still very bearish. The ma
jority of commission house trailers still
I clung to the view that thn rally was
nothing more than a recoil In a bear
market and sold stocks aecoiillngly on
all bulges. This selling tended to give
the market 11 much weaker appearance
than It actually had, but It was notice
able that stocks wero well taken on nil
setbacks and that, furthermore, the
general market tendency was distinctly
upward whenever the pressuro suffi
ciently relaxed to permit stocks to fol
low their own course
While the professional traders were
very bearish, there was really a much
better feeling In conservative quarters
In the Street. For one thing It was
realized In these circles that the talk
about the possibility of a commercial
panic had been entirely overdono.
While it Is admitted that the process of
deflation has probably started In some
commodities, a good many people In the
financial community believe that the
stock market has nlrendy discounted
about as much as can happen In this
connection during the current year.
Stock market prices, while they h.ive
had a sharp reaction from the "top, of
course, are still substantially above the
pre-war level but no comparison can
be made of this on account of the tre
mendous amount of money which the1
average industrial concern has put back
Into Its property In th meantime. The
Important thing, however, is that there
lias been a substantial reduction In the
loan account. It Is estimated In re
liable quarters that the loans are now
substantially below the pre-war level,
which. If true, means that Hie stock
market has already done about as much
as can be expected "toward the curtail
ment of credit. Therefore It is figured
that any further curtailment of loans
outside of Wall Street should eventually
work to the advantage of the securities
market.
The recovery made very rapid pros-
ross again during the first hour or so.
( Steel common got up almost a point
uum .iiMiiu;iy s closing, uui tne moxi .
hpcctocnlnr feature was Baldwin, In I
which there was a further running In of
the short Interest. The motor stocks
did better under the lendership of Chwd
t Icr. whose directors meet lo-day to take
action on the stock dividend. ConslcVr
' lug the list as a whole, the specialties
jwere most active. There was a further
display of strength In Iteplogle, and
j there was also a very sharp bulge in
Bethlehem and Lackawanna in connec
tion with the merger talk about the two
companies. The rails were taken up
under the leadership of Reading, but the
JWPXth did not last very long,,'As a
matter or fact, it looked In some quar
ters as If the strength of the rails was
being used to sell the active Industrials.
In the last hour there was considerable
profit taking, nnd most Issues lost the
best part of their early gains.
The money market was,asler at the
outset. Call mrmey renewed at 8 pet
com., as cosiU9rl with 9 per cent, the
I day before, and the inte for new money
1 dropped back o K per efnt. Liter oil In
the diy. In hanking elicits It Is ex
pqcted that money will ease ntlll further
later on In 'the week. The banks nre
j pursuing a very conservative policy on
account or the expectation or a baiiK can,
and as soon as this Is out of the way
there Is a feeling that they will be more
liberal as respects Stock Exchange loans.
The foreign exchange market was dull
and steady, without any special feature
one way or the other. Some small lots
of gold were withdrawn from the Sub
Treasury for shipment to South America,
but nothing was heard of tho gold that
Is supposed to be on Its way to this
country from Great Britain.
MONEY AND EXCHANGE.
01 -a
66
Hi
2U
35
7
92
109
41
91
132
110U
44
12H
138.
19&
99
93 U
11
S3
94
13
22 ;
60
41
129
107
88
94
91
57
118
100
15
57
39
10S
7S
73
5
87
146
115
33
43
121
1 I
42
22
91
94
.9
124 1
8
52 "1
33
63
67
1
2
36
76
93
111
93
133
111
45
12
145'
20
100
90
11
84
94
13
23
60
41
131
109
89
94
94
57
119
100
16
""
40
111
79
74
C
89
150
116
34
43
124
1
45
23
94
94
9
13
9
in
10
12
7
4
SOc
6
7'
10
3
2
I. 1 .
I aai.t. 1
400
400
800
100
200
1200
200
1000
300 Am Bosch Magneto.,,.
1B.
pf...
Adams Express,
Advance Ilumcly
Ajax Rubber
Alaska Gold M
Alaska Juneau Q M
Allls ChalmcrH Mfg.
AUIs Chn'mera Mfg pf. ..
Am Beet Sugar,
;i6iio
95
9
22
17
75
Sl
67
117
:i
45
147
52
6
8
21
33
49
80
91
32
60
71
16
31
62
34'
4S j
59 I
20'
.7.
10
51
4
10
4
96
23
18 1
76!
31 I
69 !
118
72
46
148
53
7
S
34
50
82
92
33
61
72
16
32 il
63, 5
35 j 1
36 S
4? I 4
59 5
3 1
2100
500
1100
100
500
. 600
200
r.oo
2000
5700
200
3200,
,4200
2300
2100
2600
1000
1200
200
1200
1200
100
3500
6300
200
200
2600
S00
200
2200
200
300
' 400
SOOlAtl. Gulf & W I S S.
55200 Bladwlu Locom'tive Wka
2600 BalUmore & Ohio
300 Baltimore & Ohio pf
GOO Barrett Co
300 Batopllas Mining
100 Barnsdall Corp A
1400 Bethlehem Motors
2000 Bethlehem Steel
64900 Bethlehem Steel B
100 Booth Fisheries
SOOiBrooklyn Rapid Transit.
100BI;lyn UVTrun ctf of dep
lOOiBrooklyn Cnlon (las
600 Brown Shoo ,
200 Brown Shoe pf
00Butto Copper & Zinc
S00 Butte & Superior Copper.
.700iCad.1i Cent O & K. .-. .
lOOjCallfornla Puck Co
400'Callfornla Petrol
lOOICallfornlu Petrol pf
400ICiinac;ian Pacific
3S00iCentral Leather
Am Can
Am Can pf
Am Car & Foundry
Am Car & Foundry if . . .
Am Cotton Oil
Am Druggist Syndicate. .
Am Kxpress
Am Hide & Leather
Am ,IIIdo & Leather pf . .
Am International Corp..
Am La France Fire Kng.
Am Linseed Co...
Am 'Locomotive
Am Safety Razor
Am Ship & Commerce...
Am Smelt & Kef
Am Steel Foundries
Am Sugar Ref
Am Sugar Ref pf
Am Sumatra Top
Am Tel & Tel
Am Tobacco pf new....
Am Tobacco Sec
Am Woolen
Am AVoolen pf ..
Am Zinc. Li Hmelt
Anaconda Copper
Associated Dry Goods...
Associated Oil Co
Atch, Top & Santa Fe...
Atch, Top & Santa Fe pf.
Atlanta, iiinn & Ati
Atlantic Cpast Line
33
63
66
1
2
76 .
93
109
41
91
134 V.
!llO
44
12
129
20
100
89
11
83
94
14
23
59
40
130
108
88
94
jilt
59
109
100
15
57
108
77
73
5
S7
148
116
32
44
123
1
45
23
94
93
9
12
S
55
116
95
8
23
17
7 1
31
67
116
. 72
.1 46
.'147
3
6
60
78
S3
14
38
f0
12
93
136
96
50
80
11
99
9
9S
12
19
CALL MONET.
Mixed ColUteril. ,' ., All Induilriali.
rrirb
LOW
Lilt
Htnewatu ...
Yrir'i hlxh.
Yeir-s low
Hlfh
LOW
ILiit
Renewila ......
Yiir'i hlih
Tear'n low ,
Si
38
128
32,
21
13
90
61
82
143
ei
sou
84
11
39
90
12
95
40
137
97
51
81
11
103
10:
1 !,y
1 12
iisn I
fiOOlCerro de Pasco Copper
2900lChnndler Motors ,
SOOlChcsapeake & Ohio...,
S00 Chi & Bast III Eq Tr ctfs
iuuu unicago urt Western.... 8
300 Chicago Grt Western pf. 21
1700 Chicago, Mil & St Paul.. 34
1300 Chicago, Mil & StPaul pf 49
400 Chicago & Northwestern. 80
1000 Chicago Pneumatic Tool. 89
17300 Chicago, R I & Pacific... 32
1000 Chi, H I & Pac 6 p c pf . . 61
200 Chi. R I & Iac 7 p c pf.. 71
1000 Chile Copper 16
S00 Chlno Copper 32
lOOiCIev, C. C & St Louis pf.. 62
SOQlCoca Cola 34
lOoiColorado Fuel & Iron.... 36
200lColorado & South'n 1st pfl 48
1700 Columbia Gas & Elec...J 59
olOOiCcluinl.Ia. Graphophono...). 35
llCOOjCoIuml-Ii Graphoph rts..: 1
. 100Concolldatcd Cigar pt
zuu consolidated Gas ....
MItkI ralliteril.
Slxtr day tpM
vln(T diTH SDSU
Four months satH
Fire month! JWIH
Six month! S5J5WI
TIME LOANS.
Prime
All Initllalrlal
Slxtr daw., J0l
Ninety dm I'iJM
Four monthi. ...Ilia
Five month via
SU month SU0
COMMERCIAL TAPER.
Indorsed Dlllil Olhpr Njmei.
RecelTlble. ISixtT din 7
Slxtr dys . 7 Ninety days 7
Ninety day (Six months 7
tlx months 7 I
CLEARING HOKE STATEMENT.
Clearlnr Houie exebanret. J91J.K!.7; bal
ances. tS0.W4.762: Rtlb-Treaaury debit bal
ance!, Ui.ta: Federal rnerre credit bal
ances. VJ.W.Zlt.
DOMESTIC EXCHANGE.
Boitoa, par; Chlrato. par; St Louli. ISO
lie. diieount; San Franclaeo. par: Cincinnati
par; MInneapolti. 10c. premium.
CANADIAN EXCHANGE.
New Tork fnnda In Montreal. I10J.TJ ore
mlnm tier 11.000: Montreal fnmli n v.
Tork. (94 discount per (1,000. .'
SILVER MARKETS.
Bar illrer In New Tork. Jl.ooti. off t
London. UKd.. oft lUd. : Mninn rinit'nr.
Sic., off lHe.
FOREIGN EXCHANGE.
290
28
75
71
66
29
73
34
29
13
57
36
63
18
S3',
FfT.
rloie.
Sl.SJ
Bterlinr Hlfh, Low. Lat,
Demand... l7U 1.UU
Cables 3. 3.11 111
Franca '
Demand... .I0 (0.1 CM
Cables 1.11 1.01 c.oi
Mark-.
Demand... 1.79 1.7S i;i
Ckblea l.M l.TS 1.7J
Normal Teiterdays CIoi.
rata Demand
of Exch. or Cheeks.
4.14 Kterllnr ,
C01
(.01
1.74.
1.75
kJMams Express Co. 4s, 1947
ew York, New Haven & Hartford
4s, 1922
REDER1G H. HATCH & 00.
- , Eitablllhed iUS.
ban Reor 6340. 74 H'mar. .Naw Totk
F'SfMNBCTloNB.
tfalf-fBlU.,UsBUil u4 FUUterfb.
23.1
1J.20
1.M
40 20
:.4i
o.n
CO 00
19.30
..W
Marka
Belgium
Ch'na
i Hoarkonr
. Sbanibil
Greece
Holland
India
Bombay Jjnin
ToVohama
Phi'lprlne Iilindi
Manila
Italy .
S-ndlfl!ivia
Stoc'bam
rhriailiiila
(.04
1.74
S
K
t.?;
11.55
ZS.40
4S
!0
m
4.(0
21 1;
in.:1)
17 03
CablM.
W.MU
. 6.05
1.7
(.49
M
1 2(
11.(0
34.M
43'i
7
52
3
11
125
32
83
19
69
42
14
113
27
31
80
rTi
29
16
134
101
64
62
129
45
2Ul
21
13 I
94
62
84
1'
41
SOc
12
M'i
4IH
Jf.30 ,
I9.3H
17.12
44.42
Ml
42. M
19 30
19 .
143 42
tl.4ft
(0 daya.
W dljl...
Coaeahaten
South America
Olo ti'i
Argentina froid).. 97.(0
Buenoi Aires 42.70
Spain ..i , 1193
Switzerland 17.73 ,
Urnrflay MU
R ml Turreney)
100 rublea l.M
BOO ruble l.M
TIME BILLS ON LONDON.
Banker. I Commercial.
... :.M 7H, w days 11.71
.!!$). dill
129
173
21
33
45
12
7
24
40
63
95
31
63
100
9
73
79
4
13
36
70
27
41
34
43
291
29
78
72
66
30
73
35
31
13
59
37
64
19
Suva
8
52
3
12
126
32
84
19
69
43
14
113
27
32
81
42
30
10
188
103
67
63
131
47
10
1
6
6
6
SOc
7
900 Con Interstate Cal Mln..
3200 Consolidated Textile, ....
1300 Continental Can
900 Continental Candy
14000 Corn Products Ref
400 Cosden & Co
7500 Crucible Steel Co........
lOOCruciMe Steel Co pf......
5900 Cuba Cane Sugar
100 Cuba Cane Sugar nf
1600 Denver ft Rio Grande pf .
10 Detroit Kdtson Co
7001 Domt) Minos
lU')!F.ndii-ott Johnson p'
2000 Erlu
S0OKil. iNf.pf
SOOOU'amous P'.iyer.i-f.asky. .
100 Famous Plajers-L pf....
900lFederal Mtn & Smelt pf . .
lOOlF.sher iiody Corp
llOO KNk Rubber
1500'Freeport Texas
400iGaston V & Wigmore. . .
80iGcneraI Chemical Co pf . .
300iGeneral Cigar Co
300
700;
1400
2000
7800
General Cigar Co deb pf.
General Electric Co
General Electric Co rts..
General Motor Corp
General Motor Corp ctfa.
97.20
42.K
17.00
17.71
9IU
2.0
i.eo
21 "
74
.58
39
4
27
OS
25
49
130
174
21
33
45
12
7
24
40
65
98
33
63
112
9
74
80
5
13
38
71
29
45
35
35
1.20
6
3
L oeu.
73
60
40
4
7
27
70 '
300 Genera'i Motor Corp pf . .
400 General Motor Corp deb.
1400 Goodrich (B F)
100 Gray & Davis
1300 Great Northern pf.....
1500 Great Northern Ore ctfs.
200 Greene Canonea Cop....
1000 Gulf, Mobile & North....
300 Guir States Steel
200 Hendee Manufacturing .
4, 1400 Haskell & Barker Car...
1 2500 Hupp Motor
300 Illinois Central
60c 300 Indiahoma Ref
6 1800 Inspiration Con Copper.
500 Interboro Con Corp....
300 Interboro Con Corp pf.
2500 Int Harvester Co, new..
1900 Int Mer Marine
1300 Int Mer Marino pf
600 Inter Motor Truck rts. .
1700 International Nickel ...
4400 International Paper ...
500 Iron Products. Corp
500 Kansas City Southern..
600 Kelly Springfield Tire..
1900 Konnecott Copper
700 Keystone Tire & Rubber,
14000 Lackawanna Steel Go. .
300 Lehigh Valley
300 Liggett & Myers Tob rta.
1000 Loews, Inc
1100 Loft, Inc
100 Lorlllard (P) Tob
'200 LouIsvllJc & Nashville...
200 Mackay Cos
300 Mackay Cos pf
1000 Mannti Sugar
300 Manhattan Elev guar. . .
800 Martin-Parry Corp rts.. .
300 Maxwell Motor
200 Maxwell Motor ctfs
100 Maxwell Motor 1st nf....
7 HOOIMays Dopt Stores
10 6500 Mexican Petroleum
21 400 Miami Copper
1.60 3000 Middle States Oil
,4 6400 Midva'o Steel & Ord
900 Minneapolis & St L now.
100 Missouri, Kan & Tex....
3000 Missouri Pacific
1300 Missouri Pacific pf
100 Montana Power
100 Montana Power pf
100 Mont Ward & Co
600 National Aniline & Chem.
100 National Biscuit Co
100 National Conduit & Cable
6 "100 National Enam 4 Stamp.
61 500 National Lead Co
100 Nat R R of Max' 2d pf..
600 Nevada Con Copper, s . . . .
200 New Orleans. Tes & Mex.
2400 New Vbrk Central
200iN Y. Chle & St L
2 150 N T. Chic & St L 2d pf
2 100 New York Dock
2 100 New York Dock pf....
6500!New York. N H & H...
700 Norfolk Southern
800 Northern Pacific
300 Nova Scotia 8 & C
41 2400 Ohlo Cities Gas
40c 1200iOklahoma Prod & Ref..
100 Ontario Silver Mining. ,
300 Otis Steel ,
700 Pacific Development ...
61
79
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37
91
11
95
41
139
86
50
81
10
104
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12
20
70
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61
84
143
1
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29
76
71
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33
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87
32
60
71
16
31
62
34
on i
38-a
35 I
lHl
.60!
79
84
14
I7
90
11
95
40
135
96
50
81
10
104
10
98
12
19
70
84
38
128 1128
3i
21
13
90
61
84
143
1
289
28
76
70
65.
28
74
35
29
13
57 '
37'
63
18
85
8
52
3
12
123
32
84
4
19
69
42
13
112
37
31
79
41
15
29
16
137
101
64
61
126
45
I
IK
23
20
44
125
172
21
32
44
12
7
23
39
63
95
32
62
112
9
72
78
4
13
36
70
27
41
34
50
28
20
74
68
39
4
7
26
69
88
148
116
33
13
124
1
45
23
93
94
9
13
s;
35
11S
9.'
8i
"'
i7;
77
31
67
117
71
46
148
53
C
8
21
33
60
80
91
32
61
71
16
32
62
35
36
48
59l
of U
1
61
79
84
14
38
90
12
95
40
137
96
50
81
11
104
10
98
12
19
72
84
39
128
32
21',
13
90
62
S4
143
1
289
29
76
70 t:
639,
28
74
35
30
13
57
37
64
19
85
8
52
3
12
24
32
84
4
19
69
43
14
113
277i
32
80
41
15
30
16
137
ioi:
64
62
131
45
1
23
20
44
130
21
33
45
12
7
24
40
63
95
32
63
112
9
72
80
4
13
36
71
27
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34
50
28
21
74
60
40
4
v7
27
69
Nat
Ciange.
"2
"
1
4
GOSSIP OF WAIL STREET.
afternoon did not stop u;P'd. MM, .
by profit taking. Taken MJ ? (1932-47). ..... . 9.00
wcver. the averages ox- ?:?? ?J-5? hAi iV ?v: J1?.2'41'-' iiAA
1
8
i ,
.(
1
1
1
1
2
- 2
1
1
- 1
1
-
3
1
2
1
2
2
1!
Mnrkinir Time.
An Irregular market, which ' puzzled
Wall Street ifontlderahly and left it about
where It started, was tho net result of
yeitcrday's trading. The market started
off with a rush, 'ndependent steel stocks
In the lead, to bo Joined by the rail Is
sues. A turn In the money rate to 6 per (
rent, in tho late
decline caused
ns a whole, however, tho averages cx
hlblted last night an advance on the
day's trading. Most tapa watchers ex
pressed the opinion that the market la
merely marking time, awaiting tho next
news development of Importance and Is
In a' position to go either way rather
rapidly. The most Important factors In
tho Immediate situation are the decline
In the call money rate, plans for aid for
the railroads, the low point to which
brokers' loans have fallen and resump
tion of the gold movement within a short
time. Against them are to be considered
the' extreme thinness of tho market,- that
tho public generally nro not Ir.toreited In
stocks, the wide decline In Liberty bonds
and proposed legislation for n heavy tnx
on stock sales. The turnover yesterday
was considerably under 1,000,000 shares.
BONDS IN NEW YORK STOCK EXCHANGE.
Tuesday, iMay 4, 1920.
1920.
Day'H Kales $15,314,000
Year to dato '. , 1,337,345,000
UANQE OF LIBERTY BONDS.
Closing. Sales (In
1919.
Ex, closed
1,147.057,000
84.80
85.50
85.00
89.10
85.02
96.22
85.00
85.70
85.04
89.20
85.66
96.26
5.13
5.20
5.41
5.81
5.51
6.12
96.20 96.22 6.03
66 2d 4h (1927-42) 85.10
89 1st CV. 4S (1932-47). 86.50
1,481 24 CV. 4s (1927-42). 85.20
.. lat-2d ov. 4s (32-47)
1,287 3d 4H (1928) 89,68
2,570 4th 4s (193J-38) 86.70
1,840 Vic. 4s (1922-23)... 06.32
25 Vic. 4s reg 95.90
861 VIC. 8 (1922-23)... 90.24
High,
91.00
84.60
85.10
'85.90
85.20
89.70
85.74
96.38
95.90
96.30
Low.
89.30
84.30
84.80
85.40
85.00
80.10
85.60
96.22
95.90
96.20
1913.
$5,069,000
468,760,000
Net
Last Chgs.
89.40 1.90
84.30 .10
84.80 .18
85.58 .12
85.04 .00
89.10 .62
85.62 .18
96.26 .20
95.90
96.24 .06
United States, Foreign Government, Railroad, Industrial and Other Bonds,
Minor Mteeli.
Even If no merger result from tho
smoke screen of rumors going the rounds,
the Independent steel corporations are at
least having a lot of fun In tho market
and attracting no llttlo attention to
themselves as well ns adding solid dol
lars to the soiling price of tho stocks,
Bethlehem U, Lackawanna, Republic,
Midvale, Vanadium and Iteploglo formed
u gruUp advances of which ranged from
a net of a point to 2 points. The mys
tery which has shrouded the proposed
moiger was not dls:ullcd yesterday, al
though one hears on every hand that It
Is going, through BUre. I'nlted States
Steel, Incidentally, gave a very poor ac
count of luelf In yefttei day's market. It
did not display the market leader's usual
vim and snap and tho demand for It on
both sides appeared to be very thin.
After selling up from 94' to 95 It
dropped back to "34 for a fractional
loss for the day.
1
1
3
3
1
"
- 1
2
a.
1
1
1
1
1
2
1
1
1
"
Any
Street
llnll Stocks Advance.
one travelling ubout the Wall
district and Into Innumerable
An'loFrrnch 8il NY City 4Us 00
1 &7I2
NV City 4s ItSS
1 sail
VaCn n I1& Co
ctfa
2 841a
All) it sun 3Ha
. 1 07
Am Agr cv ,6s
1 00l3
Am Cot Oil 9s
4.. .....83
AmSmclt&HJa
2 74B8
1 747u
1 741s
AmTJeT cv ns;
1.......V334
2....... 04
1 0ll8
, 4
i ,..4u
Ij 3l4
1 033i
, AmT&T clt is
10 (Ws
.1 us
12..,. OS 1-10
... w.nsis
1... es mo
102 OS
3. ...08 1-10
28 08
3.. .07 IMA
3 OH
I.. .07 1B-10
141 OS '
City of Bor
deaux C
1 87lj!
I 7.
.1 S738
Clt yof Lyon 8s
1 S713
1 873s
City of Mar
sellles 1... . ...7lj
.873
City of I'ariita
0 SOU
0 00
1
commission houres daily Is always surei
of getting this bit of advice from all of
them: "The ral's are cheap." Endeav
ors to get the public Into rail stocks have
persisted until they amount almost to
organized propaganda. Most of It has
failed because every time the rails have
moved the next day or ro has found their
prices back at the old levels, with the
purchaser piobably facing u loss. In
most cases they have been unable to hold
rallies. Yesterdaj's market for u time
developed Into an all rail market, with
all of them moving forward buoyantly
and In many Instances registering mwl
erate gains for the day, but closing off
considerably from the htehs. Back of
the rail move were the announcements
that the Interstate Commerce Commis
sion had taken up the valuation problem
and that roads of the Eastern district
had applied for a 30 per cent. Increase,
the Southern roads would ask for a 30
per cent. Increase and the. Western roads
petition for a trifle less. Arguments
presented In behalf of the rail stocks
at this time appear to be waterproof,
but, for some reafon or other, probably
because of the very uncertainty of their
situation, the public docs not become
Interested In them as a group.
Money Definitely Knsler.
A deluge iof money, working back to
the banks after liquidating May 1 divi
dend and Interest payments, was of
feied tin call yesterday afternoon, with
the result that the call rate, which has
ruled at an average of 7 per cent,
since April 12, declined to the 6 per cent
rate, at which figure It closed.' It was
reported that considerable of the money
offered late yesterday afternoon was
without takers, as tho majority of In
quiries had been filled earlier in the
day and at a higher rate. Money has
been high, with a single exception, since
April 12. On that day It loaned at 6
per cent. Again on April 20 It loaned
at that rate. In the meanwhile It has
traversed a wide range, touching a max
imum of 13 per cent. Banker's are of
the opinion that the rato for the time
being will be a moderate one.
4 SMj
1 00
23 Wu
lullcdKlnndm
SU 1121
" 03i
1 05
I U.M8
Z 113
2 031S
1 03
12 OSIg
(Ha 1922 rrta;
7 V3
12....1..0334
Ks 1929 rets
4 OII4
2 01
2 01 14
3 007g
ii 1937
I.
I...
2...
1...
K...
1..
21...
IS...
12...
35...
. .75's;
7 70
Japanese JcHKs
fr4 741j
10 745a
1 7434
Japaoeso 4s
2
1
Brokers' Loam at Loir Eliti. '
One factor In the decline In the money
rate yesterday was the absence of heavy
demand for money with which to carry
stocks. Brokers' loans, in consequMce
of the drastia shake-out which has taken
place, are at a very low ebb and art au
thority dclareil yesterday that they arc
at the lowest point In two years. A
house which has been taking consider
ably more than $1,000,000 from loan
brokers has cut Its Indebtedness to
$500,000 and probably will cut It still
further when Its present loans are
called. That Is probably a safe criterion
of what la happening all through the
Street. Brokerage offices are literally
bare of stocks.
va
1
1
1
1
5
1
1
1
6
4
2
6
5
1
Liberty Bond Decline.
The sharpest smash In prices, since
their Issuance, of tho first issue of Lib
erty bonds occurred yesterday afternoon
when the first 3s. known In Wall
Street as "the rich man's bond.'' de
clined, on heavy liquidation to the new
low of $89.30 for a $100 bond. The
close was at $89.40, at which they were
off $1.90 on a $100 bond from Monday's
lose. The third 4 per cent bonds alcn
struck a new low mark nt 89.10 for a
$100 bond. At the low price of $89. PI,
the first issue of Liberties now yields
4.14 per cent., while the balance run
from that yield -up to 6.12 per cent., the
yield price of the fifth 4 per cents at
$96.26. No explanation for weakness'ni
United States Government Issues, out
side of tho fact that the New York
market has been obliged to take a tre
mendous volume of such bonds from all
parts of the country, which have bean
pressing for sale, was found in Wall
Street
NY nty4KJ7
May
4 04
Nov
3 04
NY City 4Hs3
1 oda
NY C!ty3KnJ4
Nov
n 7!v
is 80
r. sua
n.., . '..71
7 7414
3 7414
1 7-llg
AmT&T clt 4
11 M 1
10 fills
10 S3U
Am Writing? 7s
4 8018
Armour 4J js
1 75
ATfcSFcv 4s
1 008
AT&HFgen 4s
2,.a30.. ,701a
1 7U4
8 711
4 713a
AT&8K riJ4s
stamped
1 84
C 04U
Atl & Cbarl Bs
2 84
Atl OL clt 4a
8. 02
Pnlt Si Obio 0s
12 SO
7 SOU
10 Nl
.1 8.-,7g
1 Ml
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10 RM4
10 85418
II & O ft 1095
2 5!
1 (1038
8 09
B & O CV 4Hs
1 603s
1 CM?
0 60
6 f.87s
Balt&O gold it
'2 osao
1 C.OI4
Balt&Obio 3K
1. . .8034
Balt&OSW3Ks
10 0938
Bait 4 O !' L E
4: W Va 4s
1 ft3
BiO Tol&O 41
431a
BethSlrcl ex in
4 00
"'7334I 4 81
Ubu Hai ,1-9
2 38
Bkn Un 1 1st
2 C2l8
Buih T Bldg 3!
1 74
Cent of Oa a
O 84
1 83
Con Leather Ss
10 02
CenNawEns 4s
1 BUs
Cent Tactile 1st
1 OAla
8 033
O & O CT 3.1 46
2. 731a
2 7334
7 74
1 73ia
3 73l8
Cries & o 4Xs
12 70
C & O cv (Mi
S 67
2.,s30...0fil4
2 07a
2 0734
Chi Si Erie 1st
1 72 I
8534
.857g
,n
.8378
2 no
UmCanadaSBs
1931
2 057a
c oaij
: w
2.- OO-Ta
Com Canada is
7 97la
3 073s
192(
2..,....88lal
3 8S7gl
1929
1.......0038
1931
1 80
0 80l8
1 89
Rep of Cuba Is
1904
10. .i30.. ooij
City of Copen
hagen I
4 70
Ilep of Cuba 4 Ms
20 73
CRof Mexico Ji
7... ....31
Japaneselt4Ii
...7BI8
70
4
2 S93s
5 69I4
e so
0 5834
1 sole
U..I30...5834
10 5834
21 50
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3 40U
cni&Aiton 3Kt
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CB&Q joint ts
A St
4 Otis
10 01
3 MI4
21 U4 .
10 0418
8 04
Chi Ot Wct 41
7 8138
CM&81P cv It
1 031a
(J M 3C Bt r cv
4K5
3 034
2 (Vti8
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4K
1 727r
O M Jt St I' fd
5 547B
CblMIliStl' 41
1923
2 721g
O M&StPdob
4
2 54
Chl&NW ex 4s
1 80
Ctt N Vgm4a
2 07
1 0714
ChlStPM&O&s
1 8t78
Chi& Wind 4a
3 8(1
ChJRI&PrrMi
7 Bala
2 0U
1 021s
7 OZ
Chi & W Ind 4s
2 381a
Chllo Copper 71
15..' 0S18
4 091a
7 09U
2 091a
Chile Copper w
2 75I4
10 7318
f..." 75
CCC&StL 4V1
2 71
Con Oaa S-vr "
1 100
2 10018
2 100
.1 lOOls
Cuba Cans flcr
110 00
O O6I4
11 eoia
5 97
DelAIIudrerti
10 70
Den St Hlo O 4s
1 60
3 59
Dent 110 reft!
8 44
10 4334
Detroit Un 44a
....OO
DesMAFDcxls
1 40
E TVtO con
3 91
Erie 1st con 4s
2 50
Erie cv 4i er B
31 31
4. ....... 'Ilia
1 32
ErIocv4ifer D
2 35ia
Erie gen 4s
z ua
Cen Electric ti
6 0778
7 073i
Gen EleclKs
1 05
Oranby M cv
M senea A
2., SSla
Great Nor Mi
1 74
Bock Val 4H
2 ,63
Hud&Man adj
3. 2)
1 1034
Hud si M rag
3s Scries A
?....,.. 5.V
3 537g
111 Cent 4S 1(33
1 6134
2 61lfi
III CVnt ref 4i
0 681a
60
1 OOI4
IndUni9teel is!
8 90U
Illinois Atl 4Ks
1.......74
S 73 lj
Int Ars Ch M
1 7834
8 701
12 70U
O 70)8
10 70U
Interb It T roi
3a 1933
13 82lj
7 5338
13 5318
B 83
15 5314
3 533
20 8313
10 5338
20 631?
MO 5314
27 64
10 5378
!0 8334
35 531a
Interboro-Jlet
rol trust ti
14 10
20... . .ICI3
Int II Marine 4s
10 80 I
3 80H
IowaCentral 4a!
1 3918
1 39
Kan City Bo 11
7 5034
Kan City Ter 4s
3 033a
4.: 3la
Keo&DeaM st
2 031s
1 OS
Lack Stl Sa 1023
7 027(1
Lack Ml 3s 1930
7 89
10 90
1 8978
1 01)
14 ooia
L Ic N 80 M 4s
3 7,938
Wil!3 4s ISIS
soia
2 80l
2....... 778
4 80
L8&M8 4S 1931
10 7.M3
Lehigh Val s
3 vo
Liggett St M 7
0 102
1 lOHa
registered
3 103
1 100
Liggett & M 5s
3 80
Lou & Nash ii
2 75
1 75l4
3 7414
10 75
L & N 80 M 4s
1 59'4
Midvale 8ll 3s
13. 801a
Minn 8: 8t 1, 4s
3 3834
N Y N II it II
cv Os
2 60
NYOnt& W 4s
2 85U
K Y It ref 4s
certiilcates
0 28
N Y Ilyi adj Ss
1 0
N Y Tel deb 0s
7 89
NYTclgm4Ks
14 74l3
8 7414
1 743s
NYWestchestr
It Boston H
1 39
Norf WcvOs
11 1.957s
8 001a
Norfolk St W4s
1 09
NorthcrnPac4s
1 70
5 0908
4 70lg
StL St SanFran
Series B
1 631a
5 641a
Htl.fcHanrran
fieri ea O
JJ 8H4
10 83
8tL& SanPran
adjfts
4 8034
19 87
1 571a
8tL k SanFran
Inc is
A 4334
1 44
10 4412
1 45
1 441a
ft 44
13 431a
St L& Iron Mt
Hir ft Gains
2 633j
2 633a
StLoulsaW lit
5 6OI3
Cochrane
Harper
& Co.
Ill Broadway
NEW YORK
60 Stato St.
BOSTON
Invincible
Oil Corporation
Latest Circular
on Request
WEEKLY LETTER
diving current news and development of
INDEPENDENT
&
STANDARD OILS
Furnished upon request
0 70 iSeabd A L adj
2 50U 7 331a
1.... ...501a,8outhlac cv 3s
G....,,.S03a S 981a
Nor States I'wr' 43 0834
1st 5s 8er A
2 74
tnt rower s
1 82
Or Sh L fdg 4s
1.. 77
2 7034
3 761a
Pacific oaa 3a
6. 7434
3 74'
Pac Tel 8c T 3s
1 82
renaylvanla 7j
when Issued
16 IOII4
lOUs
01...
1...
23...
3...
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IOlOg
MSIP&8SM 4s
10 73 I
Mo E Si Tex 4s
2 537S
1 53
Mo Pacific con
10 068
Mo Pac urn 4s
0 52!a
0 5214
4 831a
O 323a
Mont Pwr 5s
a 8178
NewOrlTertsA
3 61
NYAlrBr cv es
1 033a
NY On debts
1 873s
3 871a
1 877a
1 87a
0 871a
K x cen 4i(
1 701a
N Y Ccn deb 4s
10 6034
v cen 3s
3 0278
2 0711
NYCJkStLdb
3 671a
MY lias KM II
it P4s
8 COI4
Fenna 3s 1903
17 823a
S 8214
Penn gm 4Hs A
2 '318
1 76
2 751a
i'enna 43 1949
10 79
Pere Marq 3s A
2 80
I'hlla Co cv 5s
1923
10 8SI4
P lorlllanl 7s
3 101
P Lorlllard 5s
2 80
registered
2 79
PocaConCol 3s
3 8OI4
Pub Berv Corp
ofNJta
0 00
Peo & E Inc
3 19
Reading gm 4a
8 75U
2 7534
1 761a
Bead JO clt 4s
s sosg
' 33 85
1 8513
RIArk&La 4Hs
3 6134
1 6Ua
2 6134
StL & Sail Frail
Series A
083a
OSI3
BSli
BoutbPac cv 4a
1 761s
I..I....70
1 731a
South Pac rrf4s
6 6934
4 7018
1 697.)
South Pac 4s
1 627g
1 023s
4 627a
Southern ByCs
o
1 ,7sia
2 78ia
South Rygm 4s
15 85
Texas Co cv 0s
12 1017a
ThlrdAv ref s
1 41)8
CnPae 10-yr 0s
10 07ift
5 071a
5 073i
UnlonPac cv 4
0 801n
OnlonPadflc 4s
10 79
2 7938
2 7934
4 7978
1 700a
Union Pacrertj
1 6838
2 63
1. ...... .0774
Va RR SP fdg
Cn Trust ctfa
8 23
CSRcalty&l fa
1 80'8
0 81
U, 3 Rubber 7s
1 1001a
D 8 Rubber 3s
1 80
1 801g'
U 8 Steel r 3s
7 931a
15 93l8
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1 0334
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Utah Power 51
5 75
Va Iron OJe O Ss
1 ..75
Virginian RySs
0 75
Wabash 1st
2 83
Went Md 4t
6...... -4)
WrotUnlon 4H
1 73
Wilson 4: Cocv
2 ..87
1. 8G7s
Foreign Bonds
Government
& Municipal
Many high-grade Foreign is
sues are now selling at prices
which return a very liberal
yield and in addition offer pos
sibilities for market profit.
We specialize in the pur chat e
and sale of these securities.
liartshome & Battelle
Members New York Stock Exchange.
25 Broad .St. New York
BID AND ASKED QUOTATIONS.
N. Y. STOCK EXCHANGE QUOTATIONS
UNITED STATUS GOVERNMENT BONDS.
Bid. Ask.
American Woolen.
1
u
1
!
"k
The heaviness which has characterized
American Woolen since announcement of
Its proposed new financing was con
tinued yesterday. A good sized short
Interest has been built up In the stock
between 115 and iw present figure,
around 109. There was yesterday a
flicker of response to the declaration by
William M. wood, president or the com
pany, that tho fifty-seven- mills of the
company have not been closed for thirty
years and are not going to closo this
year because of a strike of textile work
ers. Asked If the company proposed to
slve any Increase to employees, he re
plied: "There undoubtedly will be some
Increases granted to employees." Mr.
Wood tcok occasion to defend thn 31. 1. 1 A 1.0c Df.,101
000.000 of profits rolled un last vear bv . Am M i q 37
the American Woolen Company. "It Is
true we made $15,000,000 profit,'- he de
clared, "but that Included what we made
out of our raw stock, which, was very
considerable."
2s, registered...: 101
2s, coupon 101M
4s, registered 1064.
4s, coupon ' 106U
2s, Panama, 1930, registered 101U
2s, Panama, 1930, coupon 101U
2e, Panama, 1038, registered 101U
2s. Panama. 1933. coupon lOl'.i
.Is, Panama, registered 80
8s, -Panama, couiwi K)
Phil. Is!, la ml purchase 4s, 1031.. 85
l'lill. lsl. public works 4, 1933... 83
Phil. lsl. public works 4s, 1930. . . 83
District of Columbia 3-05 97
TOREIGN BONDS.
Anglo-French Kxtcrn. .'.a, 1920.... 9
Argentine Intern. 3s, 19 1 J. 705;
Canada, Dominion of, notes, 1021. POU
Canada. Dominion of, 5s, 1021.... l'7'.i
qannda, Dominion of. 1921)
Cannda! Dominion of. 1929 0OV
Canada, Dominion of, 19.11 89H
Chinese C.ov., Hu Kug Ity. 3s, '31. 431,
Cuba IMern. 3s, 1011 00H
Cuba Extern. 5, series A. 1949... 8114
Cuba totem. 4',J. 1919 73!i
Dominican Ilep. 5s, 1938 834
City of Lyons 13 yr. 0s, 1034 8,j
City of Marseilles 13 yr. Cs, 1934.. 87H
City of Bordeaux 15 yr. 6s, 1934.. 8"H
City of Copenhagen 23 vr. V6b, '44 75S '
French, Paris City 6s, 1021 89Vi
Japan, Gov. 4 Vis, sterl. loan, 1925 73H
Japan. Gov. 4H. 2d series, 1925. 74H
Japan. Gov. 4s. sterl. loan. 1931.. 68
Japan., Toklo City 5s, 1052 53
U. K. G. B. is 1. a yr. 5is, 1021.. 93
U. K. G. B. & I. 3 yr. 5V4s, 1022.. 93
U. K. O. B. b I. 10 yr. 5Hs, 1920. 90
U. K. G. B. I. 20 yr. BHs. 1937. 83
Mexico Extern, sterl. 5s ot' '90, '43 30V4
Mexico Extern, gold 4s of 0l, 1951 2854
102
102
107
107
102
102
102
103
8(1
M
05
95
93
98
7Ui
Wi',4
074
8874
0Vi
SO!,
44
91
82
73
83
68
83
88
76
89i
76
75
5SU
57
05
Mil
01U
80
30
29
Ctoslng prices of stocks. In which there
wero no transactions yesterday:
Bid.
Advance It 33V4
AA Cabln.108
A A Chem Wl
do pf... 8914
OH jr. Ha
" I A Bk Note 41
do pr... 4u
Am B S pf 82
Am Bk SU. S7
do pf
Amer Coal 55
ACotOpf ..
Amer lcc.. 42
do pf.... 58-
A Llns pf.lOOU
6
1
4
1
1
2
C9HUf4 OA o&ttfag fa
More Stock Dividends.
Two more corporations are antlclnat-
Ing distributions to their stockholders of
Juicy melons In tho form of stock divi
dends. One of them Is the Union Bag
and Paper, stockholders of which have
approved an increase from $10,000,000
to $20,000,000 In Its capital stock. The
dividend, of 50 per cent, will be paid to
stock of record on May 20. and the bal
ance will bo retained in the treasury to
be used in extending the business. A
call for a vote of stockholders of tho
Ajax Rubber Company on May 18 Is be
lieved to foreshadow a stock dividend.
Stock holders will be asked to vote to
repeal a resolution, adopted considerable
time ago, that no part of the surplus
stock now In its treasury could be dis
posed of except by consent ot Its stock-
noiMTav
A Smelt pt 91
A 8 Sec A 80
AStlFpf. 83
Am Snuff. 05
do pf.... 79
A Sum T,. 8811
1I0 pf.... OOVi
Amer Tob.223!i
A Tel k O 50
a w r pf. 39
A Zinc pf. 48?t
Ann Arbor 104
do PL... 20
A D G Ipf 0
do 2d pf. CO
Assets Heat 34
AG4W I pf MVs OS
At Iteflu.llOO 1200
do pr....intt'.i lou
Autn Halox 10 12
do pf.... 20 U.-.M
Burnett L. HO , 70
do pf.... 89 !.
Ask.
37K
110
88
01
1110
42
44
91
OS
240
82
43
f,0
101
lOl'.i
31"4
OIK
8t
91
101
83
80Vi
05
233
53
42
54
12
21
o.-,
IV,
Bid. Ask.
Unlil I. pM00i,4 102
Uarrett pf.ia.14
Beecli Crk 20
Ileth 8 7 05
Bk Edison. 02
Brunswick. 7
Buf & Sus. 68
Buf It 4 P SO
do pf.... 73
Burns Dr.. 117
do pr....ioo
Busn Term . .
Butterlck.. 15
U Pack pf.117
Cal & Ariz 00
Can South 41
Caso pf... 94
C Leath pf.102
cr. NJ...183
Cert Prod 49
do 1t pf 84
do 2d pf. 81
ail 4k Alt. 7
do pf.... 10
O I i; ct pf
CXr.W nf.110
'CStPAO... 60
do pf.... On
CCCAStL. 41
Clevt Pitts ..
C Peabody 83
do pf ... 98
Cot A Eo.. 20 .
do 2d pf. 40
Col Gph pf MV4
Corup Tab. 4914
u can pc. 100
ron Inaur.-'o
110
27
103
U2
8
69
118
Mil
85 1
13li
128
fit
50
Ri
103
20.1
54
IOV3
13
71i
118
03
03
47
80
80
10014
21
50
87
51
103
Corn P pf.103
Crex Crpt.f.8
401
5
Bid.
Cub A Sug.550
do pf....l00
Del A Huil. 92
PI.4W 173
Deere pf.. 9611
Den 4 R O 011
Det & Mck.100
Dot United 90
I'lam'd M.113
Dul SS&A.. 3
do pf.... 7
Durham H 50
do pf.... 95
Elk I! P.. 2211
do pf..,. 37
Klec Stor.110
Kmcr Br . 21
do pf. .. SO
Fndlc J...102
Erie 2d pf 13
Fed M I- 3 12
Fnlrbanks 0."
FI1O1 D pf.101
Gen Chem.159
Gen Clg pf 04
Good'chpf 01
Uranby. ... 37
G Htl 1 P.. 00!i
llarlmann 80
Ilarv pf.. 109U
lionieatnke .18
jr.t Agrlc. 10
do pt.... 81
Int Mot T.107
do 1st pt 73
do 2d pf . 63
In Nick pf 80
Int Pap pf 80
do pr St. 71
Int Salt.., 03
Iowa Cent. 4
Jewel Tea. 10
do pf.... 34
Jonas Tea. 23
Kan CS pf
Kayaer.... 03
do 1 pf...107
Kel 8 T pf 80
do 8... 0914
Kel Wheel 63
do Pf.... 93
Keo & D M 3
do pf.... 20
Kresge ...145
do pr 101
Kress S II 86
do pf,...10t
Lacled Gas 38
LakeEW 814
do of.... 14U
Lee Tire... 3 Hi
Llgg & M.160
do pr....luo
Lor'rd pf.104
Looae-W. . 40
do 1st pt oai
do 2d Ef .10311
MalUnson.. .11
do pf.... 7
Man Beach
Martin Py. 23
Man Shirt 27
ManSug pf, 03
Marlln II.. 56
Main Alk. 29
MayDS pf.102
Maxw 2pf ..
Mex Pet Pf 02
Mich Cent 83
StrSSM... CO
do Pf
MSSMLt... ft)
MKATpf.. IOH
Mor t Ks. ..
Mulllns By 3S4
do pr.... hi
N C 8L.100
Nat Acme. 30
Nat Anl pt 85
Nat IlUcIlO
NatE&S pf 93
Ask.
580
110
90
ISO
9i!l
7
103
03
118
4
10
07
97
23
43
123
23
81
191
134
12
83
105
160
100
!t.l
41
07
8a
112
M!4
10
83
123
80
B7
83
109
74
65
5
14
48
M
40
103
115
03
102
70
07
30
ICO
105
100
103
40
10
19
32
103
103
108
49
100
123
33
80
214
25
29
99
00
soK
101
32
07
TI
90
50
13
7014
40
112
37
87
111
99
Bid.
Nat ClktS 67
do pf.... 94
Nat Ld pf.104
N Ry M lpf 8
NY Air Br 97
NYLac&W 83
NYCSLlpf 51
NYOfiW... 18
.Nunnally.. lO'.i
NIagFP pf ..
NorftW... 0014
do pr.... 64
North Am ..
Ohio Fuel. 48
Otis Kiev. 129
Otis Stl pf ...
Owen BA3I 5114
do pf.... .. '
Pac Coast. 23
do 1st pf CO
do 2d pf. 45
Pac GE.. 4514
Pac Mall.. SO
Pac TAT.. SO
do pf.,.. 02
Penney pf. 02
Peoria A E 1114
Pcre M pf 4.114
I'el-Mul... 35
do pt.... 07
Phillip J.. 6214
do pf.... 83
Tierce A pf OS
PCCCAStL 6814
Pltti CI pf 85
FFWACpf.120
Pitt Stl pf 80
PAWVa pf 76
Pond Crk. 17
Pr S C pf.100
Pub Serv.. CO
Ry 8t S pf. 93
R Rels pf . 78
Rem 1st pf S3
do 2d pf. ..
SI Jo Lead 1514
S&vago A. 57
Seab Air L 7
do pf.... 13
Sears R pf ..
Slosa-8 pf. 90
StLASFpf 29
8 Ppr Sug.208
do pr,...10S
Stan MIII..130
do pf.,.. 73
Btudeb pf.. 0314
Sup Stl pf.100
Temtor A.. 42
do B.... 38
Third Ave 11
Tide W O.101
Tob Pd pf. 80'i
TStLAW... 0
do pf.... 14
do ctfa... 9
do pt ct.. 12
Twin City. 31
do pf.... . .
Underwo'd.171
do'pf....l0T
L Clg Sts.123
do pf....l00
U Drug lpf 49
do 2d pf.120
U 8 Expr. OH
Un R Inv.. 0
USCIPpf. 40
UnlnAlc pf 03
Utah Sec... 8U
Va-Car C. 63
Va I CAC. WS
WestM 2pf 13
W Pae pf. 50
tthlALEpf 13
Wilson pf. 02
Wis Cent.. 23
Wool'h Pf.107
Wthgn pf A 85
do pt B.. CTli
Ask.
73
08
10014
14
100
90
55
19
10
104
02
CO
50
134
101
5314
98
40
100
CO
47
33
40
CJ
03
12
4514
00
113
08
90
07
70
00
123
00
"77
18
101
63
105
80
08
08
18
'I'
14
11(1
01
32
280
113
133
83
08
103
43H
40
1214
200
00
13
18
15
18
:I3
95
117
175
112
50
10
53
99
U
6(1
lor.
19
01
10
00
28
112
00
70
Export From cw York.
Wheat. .111,397 bu.; flour, 23,110
sacks; beef, 60 bbls. ; lard, 1,200,300
lbs.; cottonseed oil, 160,'000 lbs.: rye,
171,452 bu. : hops, 131 bates; bacon,
2,836,000 lbs.; cheese, 189,840 lbs.; lubri
cating. Oil, 809,0013 faiJ, 1
Prl TJonrsc Trading;.
Paris, May 4. Trading was quiet on
the Bourse to-day. Three per ccnL
rentes, ES francs 80 centimes; exchango
on London, S3 francs 15 centimes; C per
cent loan, 87 francs 55 centimes ; dollar.
It francs 29 caatimes.
We have a few copies of
recent srr tetany prepared
articles on
AMERICAN INTERNATIONAL
SHELL TRANSPORT
ROYAL DUTCH
' GENERAL MOTORS
AMERICAN SfJQAR
Copictofone or
more sail on request.
SHONNARD.
MILLS & CO.
V'Mlcrs A'. "i Stock Exchang:
-., l.UOAUItAt. ,n. v.
1 CIXl'lK).'' K 1H TOR fcOal)
ALL FOREIGN
CHUCKS
rj?
BOKIDS
M
CURRENCIES
Bankers & Brokers
Why not avail yourselves of our tele
phone quotation service? We call your
office every morning and as of ten there
after at desired, giving quotation on
Foreign Checks. Cablet, Currencies and
Bonds. This service costs you nothing
' and saves you trouble. We are gltd to
serve you.
R.A.SOICH&CO.
10WaJlSt.,N.Y. Te!.Rettr52SJ-2
J. K. Rice, Jr. & Co. Buy & Sell
Amerfrnn Cyanamld Com. rfd.
Allan Portland Cement Com.
Hank of Manhattan Co.
Colorado Industrial 8s, 131
Kmplre Steel Iron Com. Pfd.
I-ehlgh Valley Cool Sales
N. Y. State Rys. Com. Pfd.
New Jersey Zinc -Bights"
Nlngani Insurance "Kithta"
Old Dominion Steamship
I'enna. Cool St Coke
Texas Pacific Coal Oil
J.K.Rice,Jr.&Co.
Phones 4000 to 4010 John. 34 Wall St., N. T.
Odd Lots
Write Dipt, 17.
(hisholm &"(hapman
Afrm6rJ Nrus York Stock Eicfusnjl
71 Broadway, New York City
Uptown Office ..50 E. 43nd St.
Harlem Office, 380 Ltoox AT.,cor.lJ3tn 81.
Bronx Offlca 391 K. 149th SS.
Ilrooklyn Offlca 32 Court at.
Yonkera Office 12 N. Broadvsy
Nenark Office, 777 Broad 81.
German Municipals
Morton lachenlnndL & Ca
42 Bxtortd.Strtfc. 'KW&rU
accAoo Dznaorr PHUjuxLn.afc pittsbub
A