Newspaper Page Text
THE SUN AND NEW YORK HERALD, FRIDAY, SEPTEMBER 3, 1920. 11 On The New York Stock Exchange A Sound. Financial Condition Titer are 1,100 member f tin" New York Httutk Kvchnnge. Tin . er;igw of luisliiess fullui i 4 nmong (ham during; thu pnst tan years l less than 'i of 1 par Htinum. Unit of ti (ptticd with their creditors and fw relntuted, reduc-rrig- the absolute failures to !, of i. TIiIh parctntoci Ih lower thun that ot any other "... including national bunking. Thla reveal a nigh degree if business ability and hon esty among BmMnSa mem liera and suggest the de Mrablllty of conducting aa curlty transaction with flrma where rink la reduocd to a ii. miium: A. A. Housman C& Co. t Turk stock Bach. Nr, York t'otton Kiab. VCoi a Huiar Kick. New York Produce lack. Chirac Boerd of Trad. Associate Member of Liverpool Cotton Ass'n. to Broad Street, New York Branch Of fieri: M Writ I Id "I New York City, liberty Hullding, Philadelphia Member A List of INVESTMENT SUGGESTIONS will he sent on request Graham, Parsons & Co 435 Chestnut St. Philadelphia 115 Broadway New York Rector 9112-5 INTERNAT'L PETROLEUM The consummation) of the International Petro leum Tropical Oil merger places this. Company in a position to launch its elaborate plans of expansion. Mark ft position of the shares and their possibili ties disevssed in our circu lar No. 144, which will be sent gratis on request. M S Wolfe 5 Ca ESTABLISHED IDOS 41 BROAD ST. NEW "YORK. Phone Bread 23 HART OIL Corporation Class "A" Common Stock Dividend Rate I8r,. Payable l Monthly Or. hi Royalties and Oil Right! op. mr than 80,000 acres, well dittributeo, over pr . m field. In bnt producing territory, in Wells Complete. Large expaasien program. Circular T on Request. Price Par to Net 18. L. a. Hughes & Co. 100 Broadway. Phono Rector G3. National City Bank STOCK RIGHTS CLINTON GILBERT 2 . nl St.. N. Y. Tel. 448 Rector Wanted Guaranteed Railroad Stock FREDERIC H. HATCH k CO. 74ftwoyNV SUIlltHli) 8M Tab Reefer (M UIKE CONNECTIONS BOSTOitOTCAOa HULA MONTREAL. PITTSBURGhY I. M. TAYLOR & CO. lriforpf)T iVd INVESTMENTS 7 Wall Jtreet miedreghtn (In el tag pittalmrg- We hare prtparrd a rlrroiar c 11 bag An Exceptional Oil Investment Coey em nVewst. A5 ftr AT. t. MaRuire & Burleigh 170 Broadway New York TetVpAon Coeftaadt 3B73. CENTRAL UNION TRUST CO. at New Vork. SO Broadway. BBAJtt'HEa th Ai.nm at SOUi 8tree4 Madlsea Arena at 4t4 Street Capital. Surplus and I'ndltided i rof ii. $M,t,M. Long Term Bonds Send for Recommendation. BLODGETT, HART ft CO., Inc. 115 Broadway, New York Bostoa, Chicago, luea, BaffaU. Direct Prluott Wins. OILS START CURB'S STOCKS ON UPGRADE Doiunnd for Almost All Issues Dovtjlops in Latter Part of Session. Stocks In the" outside market re ponded -nterd.lv to the demand tluit ' developed soon after midday. The early . part of the aeiaion w:is dull und unln- 1 foresting, but a flam tone waa ahown. ! In the tntn trading prices moved for- wnrd subatantlally on a active demand that started In the oil group. "Hie meve rr.ent spread nil lliimugli the list, and! several Industrial nocks that usually display little activity came tu life and Nohl higher. Slmms Petroleum and (iiiieraJ Asphalt fold about two points hlglier on heavy trading, and Nnt'.oniil Oil of New Jersey eatabllahiHl a new high record, crossing S. In the Standard Oil group the tone was strong. , Submarine BMl made a substantial gain. Sales nuv"rd In Cirbo-IJydM-gen for the first time In Bvveiul moniw :nd the price wna well above the pre ceding transactions. 1'nlon Oroide was higher also. BiiiiiIh made fractional 'gains except Allied Packer, which declined 10 a new low for the preeent movement. Total sales and range o( prices fol low : MUUWRUIJ. Kales. Open. High. Low. 1100 Acme Coal,.., 2' H"i Aetna Kxptna.. 10 1 (Ml Aluminum Mfg 21 1110 Alum Mfg pf.. 83 ea 11.1 ts BROWN BROTHERS & CO. Philadelphia Established 1818 NEW YORK Boston Railroad Securities Long Term Mortgages Short Term Notea Convertible Bonds Equipment Issues BROWN, SHIPLEY & COMPANY founders Court. I-othbury I.ONDOX, K. ('. litenllasswl isio fjflaa rnr Traveler 123 Pall Mall. LONDON', 8. TV. Last. "i pf.. B 2 'a u n .is KM An f'hiele 11)11 Am f'hlrlo 0'i Am Cyan r,0 Aiu Cyan pf 700 Am Writ I'sp. .MAI An ' 1 Fuel 49', 10 II., rd Con Milk l7 r.0 II "on Milk f K3 300 llrlt-Am Chem 7 100 Hr-A Tub ng t'JT, 100 Ilrlt Eni Hteel XI 100 Br Km S 1 pf 4.1 Iliii-vrua 21 :I00 Huitdy ltuds . . MOO Csr Light S00 Cmbo Hydro. 100 Chi Nipple, . XM) Cont Motor" ... UKi rmvlrs. W A. . 100 liomlnkin Ml., M r.oo Empire Ttmr-s i:i'i .100 Hi... Coal. . . 'Jim t'.arlaml 8 . . 4i 100 tiardnrr Mot... 2t'i : ) Oea AHphali , .. M 0i Orape CHa 2U 1100 Crape Ola pf. Sfc (100 Hercules I'aivr i'.'i r.OO He V den Chetll.. 4 inn Hydraulic It! . 20' 100 Hyilrsollr S pf HO 1400 Indian I'scklug i ikh) Inter Rubber.. tl7i 100 Nat Clt nk rts SM Mm Nat Flrepro.if. . 0 400 N Fin proof pf 14 2,". N Jersey Zinc. 181 100 N J Zinc rts.. . 11 pis) Nor Am Taper US JOO Orpheiim Clrc. 27 100U IVrfectlon Tire IA I KJ0 nadlo Com. . . . 2 rim llaillo Com pf. a1 1 lJOll R, pub Tlrr . 1 . t00 II J Itryun II. . IW luo It Vnudcrvnrt.. 30 200 Subaiar Itoat.. t.ti Son Bwttt Intrmat. 30S lSim Sweets Co luo runs Tool lr.ts) tj B b a H. 3900 V S Kt-am. . . 17im Vn I'roflt liam rn IWt Candy ir Hi 3o'4 S'. JN IS 1 1 10 n tus 39 113 mk M 97 pj lis S3 4.1 M ns Ml rts 02 IM, si 4'i SC, ni 3'. 4 III an iiH 134 II US 2i!S IS 2S 3'i ,1S 30 12'i . .O' . IS t ss IS 11 03 10 Si MH 30 avi SM r& s 4SS 07 S3 7 ISS la 43 1 -2'i 1 I 1 as M os i tiu H 1S s $ IS 4', S4'i 3S S4', SO Oil US ss 11 1 1 1SI II nS 1 ss :is is 3i 30 13', - s S - S -1 -1 s OCTOBER COHON DP $7.50 BALE IN RALLY Shorts Cover Heavily, With Extended Holiday Start ing To-morrow. 41X1011 Ka A L lU. . . 0700O Sinclair Q 7s., limo rt w riell 7s. . .tonno co 7.., 7000 I'ulon Tank 7s 1.10ISJ West hUnc 7s. . HU pas OS am U71. 9t-S r.4H on l)H4 wH !)7 UK FortrcirsM noNPri. 1I..V1O0 nerlln 4s 1HU, m inno Frankfort 4s. . s.t s.i 14')0 Hanover 4s SI "I IftflOOO HamhurK 4Vjs. SOS M tnOO 1-lpjlg 4a 19 !) m 4s SO jo WOO Munich 4s 19 in 1000 Swiss .".Ss.... N37i .'!"i pi I 03 97 is S3 '-'I SOS If) SO II) m 3 Hank ot EnKlsmrt Statement. LOKPOK, Sept. 2. Weekly statement ot tlw) Llank of Hngland: Total reserve decreased 1,588,000, circulation In creased f 1,639,000, bullion Increased t.M',973. other aeourltles decreased 416. 000, public deposits increased 1.06n,0tt0, other deposits Increased (11,7487000, notes reserve decreased (1,(11,010; Oov i runient sccuritiea Increased 15,1.13,000 Proportion Ot reserve to liability, 11.56 Per cent. : last week. 14.30 per t ent. Dis count rate, 7 per cont. BONDS IN STOCK EXCHANGE Tl U 'US DA Y, S K I'T KM BK 1 1 Day s sai. s 110,711,000 Year to date 3,167.196,000 RANGE OF LIBERTY i losing. Sales ( in 1920. 1919. $1 0,706.000 s.iOMS.i.noo BONDS, S l.or. 1916. r. 724. 000 (.517 oon Hid (1,10 15.10 84.(0 S,r. 53 .", 04 !'6.50 N4.32 S.-..26 i .",.4 4 91 44 Asked. Yield. J l.OOOsJ. imi.ou 65.50 63.00 h5.IO 85.10 8 8. 36 83.30 93. 4 R 9S.48 4.14 5.04 5.20 5.20 5.40 6 07 5.54 (.45 5.10 I0U TSS MS NM Colon Carbblr. 04'; (TOO Wayne coal... dm list Willys Corp.. . . KH KiTVlllvs C 1 pf.. 72-S 100 Willys C 2 pf.. SSAi STANPARD OILS. 900 Anglo-Am on.. 2ts -' 1 lOPouth r. nn Oil 27S 272 C5 S Oil of N Y-.a') 3A5 l.NPEl'ENDENT OXLK IS us MS tau 7SS ltt s r.OO Allen Oil IS Ssimii Aiii.M on t SI Inn Atlantic i. int. 1600 Atlantic Pete, TOO Blery Oil... . son Ulg Heart... 1400 lieune Oil 7500 Iloston W'yo. . sonnrsios Oft... ii I'arlb Pynd. . MW) Clt ierv H -ts. i sh i i.uihlng Pat . SOU0 Penny Oil 4700 Elk Bas Pet.. 2200 Engtn Pt rm Esmeralda OIV 1020O Federal oil . 600 C.lenrock Oil. . PS) (Iran Oil 200 Hercules oil . . 800 Home Oil 7uO Int Petrel 200 Kny CO Gas 7.-.IS) Lance Creek.. 400 Livingston .... 3300 Marea.v OH , , irsm KaraeaUM 0 :ioo Met rlrt ( lit . . 1400 Nat Oil N J., nm No Am oil. . 1KMI Oiiln Kane r . 3JOO dmsr 0U 100 ranhandle ino Panbandlr pf. . BOO Peanek on HO I'rod'r Ref'rs 'VI Rod Rork CHI. . -too Klrkard Tesas. 1200 Salt Cr. Prod. 300 Baptdpa P-et.. 400 Settled Prod.. 610o Slmms Pet... 600 Bkelly oil lOOSIncl. 8 Pf.. 300 Superior Oil . . 100 Tesas Rannr lOOOTexon O. a U lOOTronlcal Oil.. -on tTolted Tex. Oil viti victoda Oil n. ltd Sooo Western States S 2100 White Oil .... 1S MINING. Ool... ir. i .'IS is 10., (4 S IS ait is it 2S is 4 IM .US IS a 3 l! 4U s', SS as (5 70 7 S 31S (fi IS 14 9S MS 19 S s Is 1S 19 72 as rs RU as 3i S IS 9 IS ii IS t 4 IS 34 IS ft r.'i s as 7.1 OS OS S 1 30"i rS IS is 9S 62S ISS 18 s 18 s 18S .,:.!' 3S8 iss 9S SS 1 a 33S S IS OS IS s 2S IB 8S 4 IS (4fl IS Bj 3 19 14 4 9'. SS s as To 7 S S rw .ws 5S IS MS OS 6?S 18S S 18 S IS s 19S - s il s - A s i s s - s - s s w s 1 - s s s s -1 s s - s - s V i 1300 Alai-Hr ISih) Atlanta ... S00O Hlg Ledge. . PHO llooth T . 90im llos a Mont.t 90 5100 Caled Mln...tS0 SHOO Calu A Jerome S 400 Canada Cop.. . S 700 Candelarla M. S 800 Con Virginia.. ."S 3000 Cortez Sllver.t 62 SS!HS) Cresson Gold.. IS 13S00 Plvlde Ext...t 30 who Donate Am., i 100 El Salvador... 2 -Mm Emma Hllvor.t CtxiCi Eureka Croc.. 170O Eureka Holly.. 500 49 Mining sin) (iolden tiate. . 3000 lold Cons . . . f .wni Hold Ui!Vll...t looo uoldnelq fi 10OO Hold S Pick 4201 I Hold Zone t SOUO tlreat Uciid.., V Honduras Syn. 200 Iron Blossom.. 4S00 Knox Divide. t IMS) Loulalnna Co. 33IM) McNamara . . . 3100 MrNam Ores 1200 Marsh Mln...t 1000 MotlierlcKlo 101) Motherlode 10O Nlplsslng .... 1500 North star ,.f HOOOphlr Silver .. 10O Prince Con . . . IS(K) Rex Cons 1 2000 Rnch Mlnee ..f 4200 Roper Croup. . 1100 San Toy t 1400 Seneca Copper. MlOn BOv K Plvlde.t son .-Union Silver L II 67 19 00 6 10 IS 0 s IS s s OS 4 t 13 t 0 .14 It IS ll'l s 4 13 0 so I 1'S s K (8 OS 30 1 1 6 s IS s s 0 4 13 -I -1 A .S - H -1 A - A 1 S s 14 t 51 n.. r.S .. 9S a 6 6 A 4 16 4 1A 4S IS 100 Ho Am P (i 000 St CTAilx Mines 300 rt Silver I., a. I S 1300 Success Min. .t 4 SOOTono Belmont. Ht (000 Tono C Uoy...t 7 5500 Tono Divide... Hi SOOTnnopah Ext It, 5700Tono-Jlm II.. t 15 soon Tono MMway.f 12 1700Tonopab Jlln.. 1A 1000 Tono Mlitpah..t 12 1200 Tono Mont....t 8 S000 Tono R Eula.f IIU 8 Con t SHOO unit Eastern.. Unit SOUO Victory t 3.128 West End 0..t 110O Whits Csps. 1300 White C Ext. 480U Wllbcrt t 3 3000 Yerrlng'.on ,,,f 3 BONDS. $24000 Allied Tsrk ( 01'-, 30i"' Am Tel 0. 'SS 94S 7000 Armour a Co. 7s 90S 17000 Anglo AO 7.S 90S 9000 9O0 H L Us 67S 1000 Goodrich T 7s. 93S 15000 Inter It T 7s,. 5 aWO Ktnnacott C 7s 03S aaOOON Y Cent 7s.,.10OS 60000 NY.NH B 4s 73 5000 Ohio 0 Ta. t A A S 14 58 6S 9S 5 S s A 8 A 4 13S 4 1A 4'i IS s I IS is is 13 IS 1A 12 a SI 6 .2 9 IS s I AOS IMS 90 98S 86 9SS 04 "! 100S 7IS M 1 13S s 8 H 3 14 58 SS 9 i s 0 a A 4 16 4 1A 45 IS ' s 4 III IH 1H 15 12 IS 12 a 22 as M o nt 8 1 : 3 00''. 94S 90S 90S 87S 9tS as 92S lOO'I 73 84 1,051 3 s ( 1932-47 ) 4 1st OV. 4s ( 1932-17) . . 35 2d 4s (1927-42) 6.1 1st iv. 4Sa (1932-47) 764 Id cv. 4U (1932-47) .. 1t-2d cv. 4Ss. (32-47) 786 3d 4',s (192t) 2.023 4th 4 Ss (13.1-38 ) . . . 703 Vic. 4g ( 1922-23) . . 394 VIC, la ( 1922-23) . . . . . 3 'is reg Open. 10. no 85.20 83 00 85.41 84 90 ((.10 83.10 95.50 93.56 90.00 Net High. Low. ITst. Chgs. 90.06 89.90 88.94 Oc, 85.20 83.10 S3. 10 4-.P) 85 00 84.80 84.80 4.. 16 85.90 85.44 85.52 .OJ 85 12 81.90 85.10 .34 88.40 88.02 88.32 4-. 22 .85 40 85.06 85.30 4.. 22 95.56 95.44 93.44 08 95.56 95.48 95.48 .02 90.00 90.00 90.00 4- 30 The cotton market allowed a decided rallying tendency yesterday, reflecting ( heavy ahort covering; by Wall Street and : uptown Interest In an effort to lighten 1 commitments before the extended hoU I day, which wilt close the exchange from 'to-night Until Tuesday morning, Tke highest level was not attained until' the last hour, when October options rose more than 17.50 a bnlo above Wednea- .lay' final price and the remainder of the list ndvanced nbout a cent a pound. The trade could find but little to account 'for the general rally except short cover : lug. due In part to the unfavorable Wtathtr In the central anil western seeiions or the belt. The official map showed nearly three Inches of rain at Memphis, besides considerable elsewhere, snd detailed weather bulletins were in line with the map. At the outset prices wpre IS to 48 points higher In a firm nnd moderately active market. Cnmmlnsslon houses were buyers after the call, but selling by the South nnd local Interests carried the market back to about a la-el with the previous closing, from where the ad vance continued. Covorlng was active st times, with offerings readily absorbed, bear showing a much lees aggressive attitude yinn In previous sessions. Sen timent was undoubtedly Influenced by the Improved tone In the local security market. Liverpool was a little better than due at the opening; and at midday In that market, English cables reporting good American demand. Spot business there was quiet, sales amounting to 4,000 bkles. A few Wall Street opcratora be lieved they saw some signs of a little fresh buylnK power on the Idea that the market might turn for a time. I wus Die general belief, however, thai ihi n.arku's advance was the result of a purely technical condition. Covering lontlnued active to the cjoge, which was net 90 to 150 points higher. poi cation here was 154 gateta New Orleans, spot, 29c. United States, Foreign Government, Railroad, Industrial and Other Bonds AnaloFreucli Js 1H 90-S 80 Wis 1 Ot)! I ion 2. . s7.. 03i City of Bor deaux as 11 84 1 ItrofLyons s 4 s3s 8 at City of Mar seille!, 6s 1 611 0 81 city of Parts i 'An Kit,' a AT&SKRen t 10..S.T0...7.'.U 1 7.W, 4 755s 111 7m 14 75SB I) 7.1 13 784 ATiSPsd) 4 2 AXI'j s30. tamped in .10...AR3s Z 70 ATAsFRMl 4s 1 ' Charl a: ' MA.-I I' cv Is 10 7nia a 7i 0 M at (4 )' Km 4 7 721;, 3 72S C M 8t 1' cv 4Hs rn 701 j a 70 c m St P ftl lift 3, 10. :i . ' -d AtCoasti.lne'i . .ens receipts ..9311 r. 00 I I.. 1 . 11 . a., a,. (. ..A3I, . .O-'Us . ,aaig . .034 . ,aai4 . .631 , ..Ols . .A.'ilj 61 CultedKlnitaml a OOU Ss 1931 I At Coast Line ii C M i: SH" ileti 10 9C1 1 74U1 4S a 9Js Atl 0 L M 4s M A3 1 06 1 671a S 04 10 OcSIAuaA N W Its ChlMIIAStP in 11 90S 1 83 i 5 07 M Its ret I Halt ft Ohio i 1 en 1 OII4I 31 801 j Chi ft it W 7i OtS 0 8'4! 1 Mil UPS 1 Suits, 5 IOII4 .1 Rt4l I lOPj BesOa ttN it ion I 1 10 A 1 4 1 1 I 2.. . ,011 ..OtStl . .OISi His 1N rets 13 6.1 I 13 S47g 1 85 i AH IM7 7 2 I K2l4 1 82 1 1 2ts 5. 62 j 1 6214 Belgian Oov7Ss I 20 071a' 1 Ti 3 D78 3 971.41 1 7l4! '7 7lj Belgian Oov tki tan 1 0K1 I OH (tiillan(lov'-jS S 9214; SeUsrGovlsrrtt; 43 47 0..aS0...74 Interhoro-Me Xorfft W dlv 4s col trust 4Ss 20 7t 1 1.1 3 741j .1 i.iia a 74 5 10 1 74U 40 11.I4 2..30...731s 40 L'lTg North Pac 414s t 10 1 ; I l.Ha NorthernPsc ts 40 153s 1 70S 40 1 51s 3 7 certificate 3 70I3 4 1.1 NerthernPat Ji Inl Ar Ch ' 7 &412 5 7.M4 Or.t (kl is j, let M Marine j ii..so. .. 7i l Sll 10 87 2. 0...s1l4iOrRail4Nav 1 2. ,aM...Sl4 2 76 1 Ptt Ore Sh L fd 4. TewaCentral ts 7 TTg I 43 preWab RR.k 1 1 Nav W , S KOtt9 lei A I , .041 a 1 . .04Sl Perm m .Hi 1 . . 0.. . is... 3... 2... a... loss . lojia . 102s .1091 .IO2I4 .10U-18 nl, C A V W m 4s .c.vl stampedj .ati' ir rata ,09 ChlRIAPRv), .aOU 1 7p) ,09 tl KlftP fd 4s .eoiH' a 7ni .00 1 a an BftOr-4H ( "8 0 69 I 14 slj 20 8-Ua' ChlUnSta 4'js 1 6V 1 77 1 (Stg Chile Copper "s 1 OxSjI 10 90 6 ASI4 Chile Copper ss Halt ftp gold 4- 1 74 3 n-,i, 0 73Sj 10 e.i?Bi as "4 AO CCCftStljjmts 1 fl.;ia, 1 01 a 4 66 1 Con Gas 5-vr 7s 3 OAlai 1 6t7H Bal-MO 1 111 S 1 3 60S; 1 967a BaltAOSWJlfs I 9i-R 13 73la 7 s 1 743s Cuba Cane s ct g 741 f 8KI3 BftoPLKftl ft 8H City of Coprn hagen sm 4 75S8 Did Canada Ss 2 9079 3 91 Dom Canada St BM a 9 in 3 77a 1931 1 W4 Rep of Cuba Is 1904 1 8.Ha I t of Mexico Ss 1(1 36 C8 of Mexico 4s S.sSO, '-' TV Va la 10 00 BftO Tolftt 4 3.. 10.. 1.5. . 20.. 1.. 1.. 0.. 1.. 10 Hla Cuba Rtk 4 731a .501a i DelAIIod rwis ROSI I s.ii (7 (Oh 5034 ....SOIk . ...t ....Wj ...61 ...507g ...SI lieth 6ti 6s I93J 2 . . 79 Bkn Rap Tr 7s certificate 4 37 Bkn Rap Tr Ss 3 2.1 Bkn Codas 1st 1 73ia S 74 ;s:in lluffBAPittsSs so z a 1 84l2 Drift 1 1 ud fd s 1 777j Den ft O Ss 6 72 Den ft Rio d at 1 6.1 1 6,11 a Den ROfdli 3..S30. 48 ft 2 0 8 10 VI 1 ..54, ..(da ..as ..S41H . ..Mia ...1.1 certiorates a .12 a 84 rtMt Tun 1U. s 2lHi BusbTernuil Ss A 72 Domlncn Rop U 70 1 73 10. .30. . .(43ia nusn 1 emu s r.ne rsi con - S - H A -1 -1 -A 1 2 S 8 8 634 25..S30...R334 .2 64 CUneseOovt ts ibT. 423, 2 43 ra 423 Jape-Mlat4S 3 73 22 724 12 73 12 724 .-naneseJdtS slo.80.. 7tla I ...72 2...J3...7Ha 14 714 Japanese 4 8 7.1 BushTermnl 4s 1 721a Csnada So 5s IS 821a 10 83 1 Caro Ctinch- fleld ft O is .1 74 Cent of Oa Ss S 87.I4. Cen Leather Ss; 19 90 ( entPaeli.e 1st; 2 72U 1 73 I 30... 721 j S S5S S &5.I4 S 60 Erie cv it sr A IS. . 7.. 1.. S.. 2.. 7.. 1.5.. 1.. 10.. ..42 ...43 . . . -) ...43 . ..43I4 ...431a ...4418 ...43U .4 I Erie cv 4s ser B a 4214 a 42ia 4 4214 . 1 I ii'l ..ti 12 43 S..,. ...73 1 Erie cv 4s ser D 7. S 8... 4... 10... 3... 8... .8701 Oft O ev Ss 41 ...87s ...S7 ...S7ia ...ft7 . . .8713 VaMBUftOo ctfs 10 64 NY C4ty4Hs.S7 May 4 ao 1 807a NY City 4s 1957 8 80S NY City4slWl 1 .to emKmelti-it at 17. aJO 1 10. 10 9 3,.30 1 9 Am TftT cv 10.. 1.. 7.. 1.. 10.. 4 . 1.. . . 7434 ..74 ..744 ..741a ..74S ..78 ..74 Hi ..7ft .7414 4.. 13... 6... 2..., 1.. . 80. . . IB...' 8,.., 1... . a...' I..., ft.... so. ch 2. in. 10... 13... . ..803s Al.. . . . . ...8OI4 10.. . ..80S! 1.. ...803a' . . SOIj hes ft 8034 ,..80 , . .soia ...81 ,..811 ...80S O 4'i1 ,44 ..47 ..47l3 ..47 ..47S . -4IS.1, ..47 ..40Sg ..47 10 I. 11. a. Erie gen 4s 0 47 4 47I4 1 47 0 47.18 4 4712 .7310 Kla Cast C 4Us ..74 I 1 7tVU O O n ll,i Bock Val 4' is , v.'S 1 Tt.llud Man M 1. 1 13 21 1 1... . 4... . 1.... 2 S. 4 6 O4I4I 1 103 8 11134 4 10234 S 8.1 ft 102 Kan O 80 fd 5s 05 102 14 A94a 1.1 1077, Kan city go .It I 3 103 3..30...:i41) 2 102 KanCltyTer 4s 3 0S SOU 0 102 2 AH 3 10f Ky Central 4i 1 102 1 (W'a 4 1021- KroAt Des M Lst I 2 102 8 70 2 102 Lack sti ss Itmlreaan 5s lam 7 9013, B BBS UUtiU 4 IMS 1 1 g.-,l) 1.: 82ia' 0 an LSftM8ai93l Penngm4ViA 0 80 , 10 77 I.chish VeJ ss 1 0 77 1 8013 4 7NI I.isaett ft M 7s Penna 4S lM 3 1041 1 10 gxia I.011 ft Naih 7s Penna 4s 1904 receipts a 771a 3 lOHo PeoGACMSs 4 IOih 2 r78 LmtANcoltrS Proria ft F 1st a saw 1 37 IAN AKAC 4s Pro ft E lar 2 69 8 27 I . ft N Mo 51 44, 7 2s1a 1 63 ! 6 2u tUdvaio Ml Ss Per Marqss ' 1 77 79 B 77 12 Pkila On cv at S 78 MM 10 777 S 8' MlnuAStLfdSsi 1 gfl. 11 rH4 30 SI 2 52 Minn ft St L 4s 10 44 S 437B 11 44 Mo U East lst 10 40 llo K ft Tex 4 8 .18 3 6M4 certmcaius 3 33 Mo K ft Tex 2d P Lorlllartl Sh 1 79 8 70S 2 791 Pitta an Obi A St L 1 , A 7 78 Reading gm 4s 2 .'.801 3 8C UepIftS SS 1940 2.. 87 RloOtandeWis 1 (W 2 06 34Ja BloOWci l trlt 10 34 j 8 .12 Mo Pacific ron, 2 84 3 Osls.StLAIron.il 4t Mo Par 6s 19.' 1 .1 74 9 80 6 73 Mo Pac Ss 192t;St LA Iron IM, 3 84I4: RivAUulf4s Mo Pae fin o, S S (7 -67UI .57 .(7ta .57; .57 .S7Ui .tWlfl .ft7u! 17 I I 0 31.. 3 1.1. . 1.. 4.. 2.1.. 17.. 8.. 3.. 1.. Mont Pwr 2 NO Tex A M CsA 1 03 N O Tex A M 9s 1 53 2 S3 6 fl.1 1 .IMS N Y Oen deb s S 90S 21 001a N Y Cen 4 St 0 74 5714 StLASanFran series A 13... S... 4... 0... ft... 94... 3... 6... . .sola ..S9 ..SOIj ..sou ..SOf ..sou ..80 ..6913 ..3914 . . -,' .k. .804a' StL ftBsnFran ...17 ..57 ..S71a ...17l4 ..87 ...10 ..57 l 7.. l!! 2.. 12.. a.. 11 .. St I filial W 5 2 ODI4 3 601 5 01 8t 1.8 W con 4. a 01 9 on 1 3 Ot 1 0114 6 01 34 StPftKCSUS" 9 OA S 04 SaaAAAI'.vsKis S OS eeabd A L adj 3., 10 20 II).. 3I .3!a3 .3'.) .3S .30 .38(1 at 31.75 up. Long Term Railroad Bonds When the European Wax broke out in 1914 high grade long tirrre railroad bonds were selling to yield about A. then followed the flood of ratroean liquidation and heavy borrowing by our own Government, with the reaulting steady decline in railroad bonds to conform to the increasingly higher kurreat rates paid on new security issues. Today high grade long time railroad iMoes can be purchased to yield a return higher than has been obtainable in any previous year for more than a generation. The enactment of the Transportation Act of 1980 followed by the increase in rates granted by the Interstate Commerce Com mission has greatly clarified and strengthened the railroad situation. We recom mend to investors the purchase at this time of long time railroad bonds. We own and offer with our recommendation the following railroad issues: " 1 Tletdlng AaSaut Norfolk A Western, Consolidated 4a, due IMS C.M Lak) Shore A Michigan Southern, Collateral 3 Spi, duo IMS tststtast I.7S Loulavllto NaahvftlB) A. K. S C.) 4s duo IMS S.87 Central Pacific Refunding 4a, duo 194S m 8.M Oregon-Washington R. R. A Navigation First A Rfd. 4s, duo 1SS1 S.MS Atchison, Topaika A Santa fm (Cal.-Arlzona) 4,s, dua 1962 .00 Canada Southern First Ss, duo 1M2 , M 6.10S Chicago, Rock Island A Pacific Refunding 4s, due 1934 7.S0S Complete information ea ratrucst Harris, Forbes & Company Pins Street, Cornsr William, Nsw York puiflts of $7, 379,413, cqmparerj with $7, 146.759 in the previous year. Gen cm! expenses and ordlnnry taxes totalled (1.1.16.967. wliiln ((63,768 WAS set aside fur Federal taxes. Interest, deprecia tion, Ac, amounted to (3.845,667, nnd other Income to (326,223. Preferred dividends for the year aggregated (224, 854, and on thu common stock $2,180,851 wns distributed, leaving a flnnl surplus of (43.531. Ilange of prices : Open. High. Hept. pet . Nov. Dee, Jan. Feb. Man-h April May . Jllle) July . 2.V00 94.00 2) 411 S3 40 27.20 25,00 2A.74) 24.70 Low. fs'sa 24.90 94.23 23. 00 23.28 (8.(8 i.2.1 24.20 2.iuSo 93.(0 23 00 COTTON STATISTICS Close. 27.73 N 2d.U5-27.10 81.88 N 2.V2.V3.1 24..-0 7,3 94.40 N 25.30 24.15 N 94.(0 HI 95 X (3 90-91 Wedne day. 211.25 25. 50 24 12 24.17 23.58 23.45 23.28 23.20 2.1.10 24.60 22.90 Last Year. 0.706 12.002 533,470 st.675 834.20i 8. 10. Peahd A Mil 6. 4.5 South Pac cv l 9 let 3 97 ,1 OS 10 0814 2 9-4'i 30 ,9.S KruthPLc Ay 4 I I ft.. (30. 1 1 10 2 1 rota rou n.ij 76 7 0 H roia .70 6outb Pac fd it IB rt 8 741j 1 78 4 7.11s 3 7.11 : 8 76 3 7.1ia 11 71 fcouth Psc 4S 1 67 Thursday. Week. Port receipts (1.J93 4.WI Expert 7,(Cd) s.7do Exports season 1JS.707 llS.umi New YnrV- stock".... 28,751 2!),S12 Port storks 711.401 708341 li.ierlor rr'elols R.M it :,:n Inferior shipments... n,3D( 5,230 4578 N. w y.irk arrivals l 301 ijsi r.07 I.lv, rpol enhirst Spot uulet a' 10 points decline; niiodllnr. 21 11 ,j sales. 4.000. A ericos. .t.issi: imports nil; futures openmi sles.lv at (9 to .50 points decline ; ,1 li i.sular at 33 to 53 points nitvager. Or lober, 18.98; Deeember, 18.34; January. W 13; Man-h. 17.81; May, 17.51. Manches ter; Yarns anil cloths thill Mew Orleans Cotton Market. NW ijin.EA.V8, Sept. 2. Short cover ing preparatory to the triple holiday put the price of cotton strongly higher to-day, Ixist rrlces were at gains of H9 to 119 points. Close: October. 25.4tC. ; December, 24. 23c. ; January. 2SJ4&; March. 23.60c; May, 2,3.40c. .pot quiet; middling (revised), 3c. GENERAL PETROLEUM REPORTS HIk Profit, by Paper 31111a. Moxtrbau, 8ept. 2. Profits of the Spunlsh River Pulp nnd l'a)er Ml lie. Lid., equalled 22 Ms per cent, on the common stock laat year, after allowing ftr ileSpreclatlon, says the annual report, Issued to-day. FDIMCIAL NOTES. r "" 1 TIip Consuniprii Tower Company has r f 'iiiiUMl the appointment of K. W. Clark t Cc. of rhlladi'lphla as transfer agpnt and of the Fidelity TruM Crnpany as rpfftstrar of the preferred nnd common stork. In their 1 1 rid Il-xUnpyl, (lardy it Co., Ine., of New and the rretnry or n.-islPtsnt seTe tnry of the roinpar:' at .fnckson, Mich., wers appoints! traiwfer agents of tho preferred ttfXft nnd th latter also frnnsfer affrnt of ths rnmmon stock. Tin- National City Bank Of lVsW ToYk and th" P-oplea National Hank Of Jack Ron, MVh., were appfdrtsd repjl-f rarj uf the preferred -fork and )ltdenpyl, Hardy sV Co., Inc.. of New Yorlt reRlstrars of the temmon stock. SSil Stone & Webster IO Milk Street BOSTON INCORPORATED 120 Broadway NEW YORK ;( So. Dearborn St. CHICAGO EXAMINATIONS AND STUDIES c Industrial and Public Service Properties REPORTS on Valuation and Operating Efficiency Frank aVWIIeke, formerly associated with the ItVIt ittrcrt Journal has opened an of- j flee at 30 11 road street to deal In Investment t m urltles. Elk Dasln Consolidated Petroleum Com j pany's report to .stockholders shows (1,090,- 72 1 net earnings for the six months ended I June 30, 1020. Dividend payments were 1 r.75,482 on $9,000,000 capital stork, leaving 1 a balance to surplus of $4115,238; profit and lots surplus on June 30 ns $1,612,713; cur ; rim assets as of June 30 totalled t ....,', as-alnst current liabllitios of $1,581,827, Central Petroleum Imperial Oil, Ltd. Magnolia Petroleum Mexican-Seaboard Tidewater Oil Douglas Fenwick & Co. 34 Watt St., N. Y. Tel. John 340 r( Tradl Profit SbAtv Decline front Prevlneit Year, The n port of the General Petroleum Corporation for the year ended June (0, 1920. shows n surplus after charges and Federal taxes of (2.449,236. equivalent to SlOTi.t a share earned on the common stock nfter the deduction of preferred dividends. This compares with $12.91 n share earned on the" common In the pre ceiling year. Oroaa profits Were (7.(69.304, ngalnst which were eelling and marketing-expenses of $389,891, leaving net trading Kffertlve Ortolier 1, the Southern Pacific Dues hnw announced tlie restoration of the pre-war schedule of the famous Sunset I. un it". I between X-vc Orleans, Los Aiuteh s ami San Kranelsro, which was P ngthened by the r-tiector OtUTtil of rtallroads under Federal control. Announerment mas made yesterday from Chrlstiania that it has brrn iteclded to arnal gamate Den Xorske Credllbank with the Northern and Ovtrtea Banking Corporation, Hnii(iils-oc Exnonbank of Cprlstlanla and that all the assets and liabilities of the latter re to he transferred to Don N'orske Credit bank. Tlie actual fusion will take plare about Dei-ember I, The rombinrd lnttltu tlons will h'-e capital and reserves of about KkOOO.OM kronen. . ( was anaoaneed rwrterday that (leorre a. 'i lr ha leslg):. d front the board of dlrec- is of (he Middle States Oil fompnnv AMERICAN WOOLEN Both Side of Ksvoi-Tahlo and unfavoraM factor- pre-war war and pre.'isnt stata. Many nfhf?r f-.'fttnrps and rrvtrxn rn MARK FIT OPINION. A Hat for R. H. MacMASTERS & CO. Members Consolidated 82-84 Broad St. Ptmt! Uroad 6.160 C.Hft'AOO Stork Kxeh,. K. Y. New York Ffrsf Fronr MILWAfKEE Weekly Market Letter Upon lteqoest gBTAJSUaagD ioo Members N Y Curb Market Aeen. 25 BROAD JSX, NIW YDI. A. Hi" Curb Stocks Carried an Margin. FLECTIONS AND MEETINGS. 10. aao. ,.ssi 5..aa. ..oo-u 4. OS Sout ern Ky It 0 an? 1 84l4 8 81 Kent 1 1 By gm 4i 13... .,...00 3 601a 11 H4J7 l..f30. . .0Otn 90 6078 8t Ky Mtr ts 1 S8 Tol StL & W 4 s S 471 4 1 471a Cnl'ac 10-yr at 9.5 98 t'nlonPaciniMs 4 8U4 81 1 siu am 18..... ..81U I'nlonPac cv 4 id 81 niotu'ae fd 4s Serita B 0. 8.. 60.. 30.. 8.., IS.. 3.., 0... 6... 4... s. 7014 ....701 ....70 ....701, 7014 ....70ta ....71 TOS4 ....706 ....70 ...7034 ..TSSj ..734 ..74 ..737 ..74 ..337 74 t hlAAiion lt 10 87 JI 371 Chi St Alton Is t Sarlat A 9 7 1 7 671 Hud A 51 an ad 21l. I... . 6 10.... I.... 4... . 9... . 10.... 4.... I.... 2H B - H BBU 10 4ls .'.) . is 1 nay joint 4, .B.M4' 2 0.5 .OSIgl 8 O1M4 .I4 4 Vo .0511 1 9.M4 ..).! I 10 l).i .95181 1 951a, 111 Central 1U A 111 T A T dt H OilAITait 1114s 1 STSt 10 77131 certlflcatea Illinois Stl H 1 a 78i 3.5 39a a 78 3 '813 10 ...S'jig intern R T fd 01. 2.. 10 . .21 ..217, ..23 . 21Vj ..217, ..311 ..2134 . .39 . .311 ..917, .92 .917, aa Am TAT clt 4a 4 751 . AmWrltlngPTt, 1 771$ Armour twt 7 7( 90 :. .32 Chi A Erie 1st 1 74 .Chi Ot TTeat 4a S SStg I ti SS IN 19 4714 10 47 98 4714 31 471g 1 4714 N Y Can con ta 10 60 N V 1 en 3Ht registered 10 04 N YCAStLdbS 3 (HI 4 r (las ma 11 A P 6s 3 731g M i (aa r.Lt H A P 4s if. dt N Y N B A O cv ts 13 761j N YNHAH4S56 I SO NYNHR4SS 1 61 I NYOntA W4s 4 020, 1 3 N Y By fd certlflcates 8 20 j Is I Oct w gin B 4 40 N Y Tel deb tt 1 87lg 4 88 NY Telgmtij 2 761 1 78 761 4 77Ig N Y Westchest f A BoMoata 3 48 Nnrfolk A W 4 t 74 75I4 StL A SanVran t... 9... si... 1... a... a... a... 0 .87 .soia .87 8ls set SHI, sola StLAflanFran adj ta IS.... 38... , 9 19... . 19.... 8 9.... as... . 6.... 30... . Ii.... 3 S. .60 . .6aia ..08 . .6nia ..0034 . .66ia ..60 . .Soia . .60.1, ..etji . .66 ..6flia .60 HtLA BaaVPaa incti 30. is.:. 1... 0... 1... a... 1... 34... a... s... ... 7... s... ss... sa... 1... .56 ...S6I4 ... SO ...86 ...64 . . .sa . . ..-.) 4 . . .861 . . .66 ...S6I4 . . .M3g ...sa 1 ...S4 ...87 ...6714 ..,(7 BID AND ASKED QUOTATIONS N. V. STOCK EXCHANGE QI 0TATI0N8. CS'ITED STATES CKTVERNMENT BONDS. BID AND ASKED PRICES CLOSING. should Accrued Interest follow ins prleea: I's, rrulstered 2s. coupon 4s, registered 4, coupon , 2s, Panama. 11)36, registered... Sa, Panama, 1030, coupon 2a, Panama, 1988, registered .. Us, Panama, 1938, roupon ."s, Panama, registered 3s. Panama, coupon Philippine Is. land pur. 4s, 1934 Phil. Is. pub. work 4s, 1935... 11)11. Is. pub. works 4s, 11)30... District of Columbia 3-63s FOREIGN BONDS. Analo-Freneh Extern Ss, 1920. .. Argentine Intern. Ss, 194,5 Kingdom of Belgium Ss, 1921.... r Ingilom or iieigium 41s, 1925 ad.led to tha Bid. Asked. ..101 ..101 ..105 ..105 . . I00i ..100i ..100H ..lonu . . 77 .. 77 ,. 73 ' I? 93 101 101 106 106 HU'. 101M lOITi 10ts SO 80 S3 an ao Hid.Aslted. . tWi 100 t n IBD fd I'n Trust Stf 3 94 United y In vS 2 a7 18 Rubber 7it S 9814 8 98 1 OSI4 9XlH '. r30 , .07 U Uiibbar Sa B 77 I TTI IT v s.,.J, a. I 1 '"'' - ,'t'M , 13 93 I h StaM sf t 91 .01 OH J "I. I "Us .911 .01 .9Ha .91 .91 .01 oiu 75U L Kingdom ot Belgium "Hs. 1945 Canada. Dominion of. 5s. 1921.. Canada, ln.tnlnlon of. notes, 1921 Canada, Dominion of, 1926 Onnda, Dominion of, 1929 Canada, In .minion of, 1931 Chinese Gov. llu Kug Ry. Ss Culm Extern. 5. 1044 Cuba Extern. Sa, series A, 1949. . Cuba Extern. 4Vjs. 1949..., Dominican Rrp. 5s, 1908. . .1 City of Lynns 15 yr. ds. 1934 City of Marseilles 13 yr. Os, 1934. city of Bordeaux 13 yr. Ss, 1934.. City of Copenhagen, 23 yr. (Ma, '44 l-'ieii. 11. I'nris city us. iikii . 08't, asu BOH 7i 081 97 M 37 90U 87(4 1051 42S 85 1. 830., 8 l..sS... 1 s30 . 14 10 8 10 10 .0 I..., sou S3", S3 83 S3 73 03 of Switzerland 8s, 1940 10'J fatal) tl Gov. 4'aS. ter. !.. 192,5 72-". .rfpan-.'se Gov. 4'.js, 2d ser.. 1025 72 Japanese Gov. 4a, ster. In., 1931... S7 Japanese, Tnkyu Cby 3a, 1952 S3 I . King. 0. B. A I. S yr. Slis. 1921 96 V. King, G. B. 1. 3 yr. 7.i-..s. 193-2 01 C King. 11. B. L 10 yr. r.14. -29 84 C. King. 0. B. A I. 30 yr. 5(,s, "3T7 K', Mexleo Ester, ster. Sa ot '99, '45 36 Mexico Extern, gold 4 ot '04, '54 . 23 Kingdom of Italy 3 yr. 9A94 gold . . I'tahjt North to 4 8S Utah Power 3s 1 72 4.. Va Ctro Ch lit 1 Ot Wabash 1st Closing price of ateeks tn were no- transactions yesterday Bid. Ask. thlch there a 86 Wabash 2d 1 83 Westers BJa at 1 931 West Md ta 3 Soig 2 85 14 Watt Pad Sc lit 3 79 1 7 t)l 4 13 79 Weat Shore 4 8 731 1 74 registered 13 69 7 70 West Union Ss 3 70 WheelAI.K4T;s 1 S3 Wh LE cn ts 1 84 a st !.... ..841, Wilson Co 1st a 87 WltaoaA Coo 1$ 831, Adv R pf. ''l'j Alax Rub 40',i ' I A A Cable. 103 we 1 a a co Dt 87 I Alb A Hua.120 . Ami He 1st 984 I A Bk Note 44 pf.... 40 Am II S pf 78 m I!l( Sh 32!i do pf.... 84 Am OF pf.108 Am Coal . . S3 A Cot O pf 82 An. Ice... 38 do pf.... 97 AniLaPrno 0'4 Am I. Ins. . 69 do pf.... 83 A Loco pf.100 Am MAO A Sbiphldg . . A ismelt p( SO A Snuff pf 78 Am Hug pf.106 A SuniT pf 80 Am Te1C. 47 A Who) pf 8UI4 A Zinc pf. 4 4 Ann Arbor 10 do pf 28 ADrj'O tpf 59li dn 2d pf . . . Atwetsltsal 2 Assoeia OIU 88 AG4WI pf 1 At Refill. 11 50 do pf....ioe 83 48 106 03 110 47 43 69 63 87 112 tk 30 58 It I 70 90 100 33 J00 03 87 ltd 00 .50 94 48 BJ 62 81 3 99 84 1228 110 Bid. AusNlch pf 78 Auto Sales 3 do pf.... 13 Bald I. pf. 95 Bnrnett L. H do rf... . 89 RarnsdallA 30 Barrett pt.102 Beach Crk. 25 Beth Steel. 73 do 74... 90 do 8...10B Bk Edison 83 BrownShoo 0 do pf.... I Brunswick. 4 Buf A Sas. 70 But HAP 58 do pf.... 89 Bum Br.. 92 do pf.... 98 Bush TsTm . . Cal Pac pf 96 Cal Pot pf 60 Cal t Ariz 56 ( an South 30 case pf.. . no Case Plow 8 do pf CP.RofNJ 215 Cert Prwd. 48 Be 1st pf .. C Altpf 17 CANW pf.Wl C Ot West 38 CBtPAOpf S3 ClevAPttts. 67 coias ipf. so Bid. CI Peabody . . do pf ... 93 Coltirph pf 78 i ,mp Tab. 4.V4 con cig pf so Can Can pf 98 Con Insur. 68 Corn Ppf.100 Crex Carpt SS Cru Stl pf . 94 CubaCnpt 76 Cub A3 pf .. Davison C. 34 lie Ileers.. 2d Deere pf... 91 Det Edison 93 Det t Mck 93 Dlam'd M.10O IKinie Mln. 11 Durham II 43 do pf 92 Elk HP pf 31 Elec 8tor..l'.0 Enter Bran IS Eadic J pf 118 Fed MAS 10 do pf.... 33 Fairbanks. 47 Fish Body.lOO do pf....lOO Gaaton ... 8 Gen Ch. pf 93 Gen CIS pf. 80 do deb pf 75 C, A Tank. 66 Oon Mot pf 72 Ooodr'h pf 88 Gulf Steel. 53 do 1st pf . . Tlartman.. 78 I lar vi stir 123 do pf....103 nomcstake 47 Int Agrl.. 18 do pf.... 77 Int MT Ipf 75 do 2d pf. 39 Int Nick pf SO Int Pap pf 93 Int Salt... 65 a t.-ent 5 Jewel Tea. 8 do pf.... M Jours Tea. 19 KCttFtS pf SB Kayaer.... 90 do ltt pf.103 Kel SpT pf 73 do pf.... 82 do 8... Kel Wheel. 52 do pf f)2 Keo 4 DM 414 do pf 00 Kresge SS.I'21 60 pf. ... 93 Kress 8 II w Lee Tire... 51 Ugg A M.I.I7. Liggett P, 130 I. 4 M pf .100 Lorlllard .135 pf.... 1)5 ' LW tmt pf 93 do 2d pf .mi Malllson... 16 do Dt.... 55 Man, Beaeh Man Shirt. Markay. . do pf. ., ManSug pf Mir n r? SB I Math Alk.. no.j 80 SA 9714 97 68 9114 88 4.1 81 72 83 84 84 84 n !H 102(4 73 73 57 S3 96 91 80 6214 36 29 91 Ask. 82 8 13 96 00 00 43 106 33 ,3 93 107 93 73 93 8 83 100 93 115 86 87 20 61 on 91 12 05 250 51 SO 19 123 27 96 62 89 40 Jl) MayDS pf . BT Mex Pet pf 90 Mich Crnt 77 MSSM pf.. S7 MSSMLt... 31 Mar 4V Ka. 3 Mont Pew. 41 MulllnsBof - NC A StL.19S Nat Arme. 34 Nat Btsc..l7 4b pf,...10SA Nat ClkAS 41 NrtE? pf $6 Ask. Bid Ask. J Nat Lead. 73 74 100 do pf....toi ins 80 N Ry M Ipf 8 14 47 NY Air Br 97, 98 0 NYI.acW 78 85 105 NYcSLlpf 60 70 70 NYDock pf 40 48 101 NlagFP pf .. 104 60 Nbrf&W pf Oil 72 05 North Am. 53 .14 76 Nova 8 Btl. 43 48 100 Nnnrrally.. 13 15 33 Oh ltd 111 . . 22 28 Ohio Fuel. 48 81 96 Ont Silver. 5 5 08 Otis El pf. 78 82 06 OwensB pf 90 100 115 pBc Coast. 25 '40 12 do lst pf 60 100 SO do 2d pf. 45 00 07 Pae O E 43 40 'WVi Pac T T 40 4 2' i 135 da pf.... 88 00 20 Pac Mall.. 27 .".I 70 Parish A B 23 L'7 u Prnneypf. 75 88 35 Peoria E 11 12 05 Prt-Mnl... 33 40 105 do pf.... 95 115 100 Phillip J.. 50 50 8X do pf.... 81 83 98 FierceApf 88 93H 95 PlereeO pf 80 80 83 PCCAStl. . 70 72 70 Pitta CI pf. 84 65 74 PFWC pf.113 IL'0 89 pitta 8tl pf 83 m 84 PAWVapf 74 75 93 PubServtce . . 55 80 Rand 27 r7 127 Ry St Spg 04(4 07 107 do pf....IO0 110 48 Robt Rela. 10 10 18 do pf.... 70 81 "05e Remington .50 53 77 do 1st pf nk 111 83 do 2d pf. . . 04 83 St Joa Ld. 18 17 103 Sav Arma. 38 .39 Hears Roa!l30 142 g do of... .106 112 10 Rloae-8 pt. 83 89 30 Shattuek... 8 B 'i) SPR Sttg...m 140 do pf . .104 106 06 Stand Mill. 115 150 115 do pf.... 73 83 7-. Stem B pf 98 98 84 Studeb pf.. 88 95 ts, . Sup Stl pf. 05 98 da TemtOT A. 41 48 86 do B 43 4 7 Texas LT.085 325 Tide W O.100 210 ! 1 10 Tab Pd pf . 84 SB 102 TStLAW... 8 14 07 'in pi . 16 241 23 TransAW.. 44 43 155 Twin City. 34 37 14S do pf.... 85 85 106 Cnderw'd 1..4 IBS 148 de pf.... 117 100 Un ClgSts.130 175 98 ilo pf. .. M 104 104 Un Drug.. 105 108 20 do (at pt 43 48 70 do 2d pf . 95 2 Ua Byrfd 5S 56 33 4to Pf.... as 90 83 US Expr. 8 7 60 CTCIPtpe. 13V, 14 90 da pf.... 38 44 58 ' PSInAIe pf 91 05 30 USRub Ipf.lOd 1i8 int uasinei pr 42 41 04 V s stl pr ipnu 107 90 Va-CC pf.105i 107 ! 92 Va I CAc.lin 111 1 56 Wens Fsr. 541 IV) ; 5 Westlst pf 0! 73 05 ; West A RKYl 191 Wilson pf . . . 93 110 Willys Opt 73 76 35 WaaTh pf.105 110 1 12 Wthtm pf A . . 80 8o .... 6 do pf B 84 6 Ex 4ttTtad. STANDARD 0 I L CARLH.PFORZHEtMER4-CO. Pbanrs 4800-1 2-3 4 Broad. 25 Bread St. V Y. NEW Mill EDITION BOOKLET MAII.rit ntEE rro.v REQUEST City Investing Safety Car Htg & Ltg. American Cyanamid FREDERIC H. HATCH & CO. 7BuJay NY -tBIAtVSMt tr Tel Rector 6340 tviKf coMsec"rioMj5 1 BOiTON CKCNX). RilLA.MONTRKAL, P1TT8UE0H Merrill, Lynch & Co. 120 Broadway. N. Y. McmbtTt Nem Vert Slack Exchante. 6 Stock Price Par and tcrued dividends Circular a-11 BOARD OF ELErTIONS-CTTT OF NEW YORK. MUNICIPAL B17ILDINO. BOROUGH OP MANHATTAN. Pursuant tn tna provisions ot noviion of the Elrctlon Law, notice Is hereby glveiv of a Special Election to be held en Septern hrr 16th, 1920, for a Member of Assembly of t. Hi Srant of Ntw York for the Eighth As- somblv District rf the County of New! York , tn accordance with the rallowuig Proclama tion Issued by the Governor of tha State : PROCLAMATION (COAT OV ARMS) STATE OP NEW YORK. Kxecutlve Chamber. WHEREAS a vacancy exists in tha office of Member of Assembly for the Eighth As sembly District of tha County of New York, Stat of New York, caused by the removal from of rice by the Assembly of the State ot Nrw York of Louis Waldman, Assemblyman from sadd district; NOW. THEREFORE, I, Alfred E. Bmlth, Governor of the State of New York. In pur sue nee of Section 293 of Chapter 22 of the Laws of 1000, aa amended by Section 412 of Chapter 891 of tha Laws of 1911, and con stituting Chapter 17 of the Consolidated Laws, known as the election law, do hereby Sonler and proclaim that an election for Member of Assembly In the place of satd Louts Waldmau be held In the Eighth As seinhlv trtstrlct of the CTonntv of New York. I .-'.'.if of New York, an the sixteenth dav i,r September, nineteen hundred and twenty, such oieetlon to be conducted In the mode prescribed by law for the election of Mem bers ot Assembly. ' GIVEN under my hand and the Privy Seal of the State at the (SEAL) Capitol In the City of Albany. thla twelfth day of August, In tha year of oar Lord one thousand nine hundred and twenty. BY THE GOVERNOR, Alfred E. Smttb. Jeremiah F. Connor, Secretary to the Guess aa JOHN R. VOORHIS, n CHARLES E. MEYDT, .TASTES KANE. JACOB A. LIVINGSTON. Commissioners of Election. New Tork, August 17th, 1920. OF NEW ( F JTstoblisAsd 1SSS H. F. BACHMAN & CO. Member New York Steak Bhrebi Philadelphia Stook gJxi New Tark Cotton Exebi St BROADWAY HARTSHORNS, FALES & CO. Member N. 7. Stuck Kxekattg 71 BROADWAY TVIephone 1(10 BowUnf Orsen PTe-BtV E.W.WgMrIU. Now Step Now York SECURITY SALESMAN FDR EASILY SALABLE SECURITIES. LIBERAL . corvMssiors. permanent. Address by letter only, Desk "C," Room 143. t.1 Brand si Standard Paint Nazareth Cement Nation Casket Conley TinQFoil LYON AND CO. SO Pine St., N. V. Tel. John 854 Wilson Tire A Rubber United Lt. ft Ry. Coat. Pfd. Term, Ry. Lt. ft Pr. Cam. ft Pfd. Utah Pr. A I t. Pfd. f H.F.McConnell&Co. Steaiairs V. T. ataaek 88 B'way, N. Y. Tel. Bowl. Oraeo 8680-80. BOARD OF ELECTIONS CITY YORK. MUNICIPAL- B1TLDING. BOROFGII MAN HA n A.N. Pursuant to the provisions at Section 293 of tho Election Law, notice Is hereby gtvn of a Special Election to be held on Septem ber 16th. 120, for a Member of Assembly of the State of New York for the Seventeenth Assembly District of the County of New York In aecordaace with th following Proc lamation Issued by th Governor of th Stale . PROCLAMATION (COAT 09 ARMS) STATE OF NEW YORK. Executive Chamber. WHEREAS a vacancy exist In th offloa of Member of Assembly for the Seventeenth Assembly District of tha 43ounty of New York. State of New York, eaosed by the re moval from office by tha Assembly of the State of New York of August Claessens, Assemblyman from said district: NOW, THEREFORE, I, Alfred E. Smith. Oovamor of tha State of New York. In pur suance or Hection 293 or Chapter 23 of th I Law of 1909, as amended by Section 83 of j Chapter 891 of th Law of 1911, and eon stltutlnr Chapter 17 af that Consolidated Laws, known as the election mWf da hereby I order and proclaim that an election for Member of Aaamnbty In ta place of mm August Claessens be held In the Smatetnth Assembly District of the Cotraty or Meet York, state of New York, on the aUteonth day of September, nlaeuwn hundred and twenty, audi election to be conducted In the mode prescribed by law far trie election of Members of Assembly. GTVEN under my hand and th Privy Seal of the Star at tha (BBAIt Capitol In the City of Albany, . this twelfth day of August, in th year of our Lord one thousand nine hundred and twenty. BY TITE Witerxor, Alfred E. Smith. Jeremiah F. Connor, Secretary fn tho Governor. joiin r. vooRrrrs. CHARLES E. HEYDT. JAilt-) KA.NK. JACOB A. LrVTNGSTON. Commissioners of Eleclloa. (rw Tork, Atrgsat 17th. 1920. . TO THE STOCKHOLDERS OT St. Leal Southwestern Railway Ca. St. Louis. MUtourl. Agut 25, 1030. Natice la hereby given tbat Ch annual 1 meeting ot the Stockholder of St. Louis i Southwestern BaSway Company will be held tt tb general of Sees af tha. Company m tk Rallnay Exchange Hullding, Stxth and Ot.v 1 Streets, In tlie City of St. Louis, Missouri. ! on Tuesday, October 5, 1920, at nine o'clock A. M , tor the election of Directors at tha , Company In conformity with tha by-law and , for the transaction of such eaheXbuslne at , may legally cats hettvre said meeting. Tho regular annual meeting of the Dtrer I lent of the Company win be held at the tame place, Immediately after the adjourn ment of tlie Stockholders' Meeting. The stock transfer books ef the Company wilt be rled on Saturday. SepteniHsii 4, 1920. at twelve o'clock naen and will be re opened at tea o'clock At M. en Wednesday, October 6, 1920. J M. HERBERT. Pretfdtnt. PAtrL J. IXWOCA. Secretary.