The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920, September 30, 1920, Image 14

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The Sun and the New York herald. [volume], September 30, 1920, Page 14, Image 14
About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

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The Sun and the New York herald. [volume] (New York [N.Y.]), 30 Sept. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030273/1920-09-30/ed-1/seq-14/>

Newspaper Page Text

IS ftvonihlro St
BOSTON
Munds,
FINANCIAL NEWS
AND COMMENT
klDDHR.PEABODY&CO.
18 Drotd SI
NEW YORK
Cnnfiifiliitf nnrt GonfllcMiif,'
Prico Movements Oonllnuo
to Mark Dcnliiiff.
CD
7H
85
T4H
71M
Govcrnmont Bonds
Investment Socurltlos
Foreign Exchange
Letters of Credit
BTJ3KLB AND OILS LOWBll
S3
87
182
1)0
Hails mhU'iiMIq Utllltlofl To
MOi'd QIobIiik Aro Favor
ites With Traders,
.11
it
DIM
7IK
I CcfftspondaDlJ ol
flaring Brothors & Go.r Ltd.
LONDON
Trading In the stock market wan dls-
tlngulshed again yesterday by n series
of confusing ami conflicting prleo move
ments In tho Industrial anil npf clalty 1
stocks, hut In tho main the trend contln-i
iid downward, Certain group tllnptftyexl I
letter resistance to tlm selling, hut any
encouragement that might hnva heen
derived from uch stock wu more than
offset hy the selling campaign conducted .
from Mart to finish In in vend other
groups, notnhly tho toel and oil utockw,
nil of which closed materially lower on
the day, Tho steal shares broke on run-,
tinned talk of. prlco cuttlnir, hut In tho ;
wiso of tho oil share tho Street bod nn
entirely new argument, that of price
cuttlnir, Tho financial community, how
109
U
18
CO
1(1
107
WA
OS
7!i
U'S
127
71 U
mi
Rogers &
Stackpolc
ever, won not Inclined lo look upon ru-
mom of cuttlnir of oil price a tho real I
1H
R7
m
7fl
II
03
mi
3
10K
lW
MH
sr.
reason for tho decline In tho groap, a '
It had not suffered the readjustment thnt
Philadelphia.
Company
of Pittsburg
had taken place In other groups, hut to
experienced observer tho .fift that onn
company announced a reduction of gnu
oleno price while tho market was do-
rlinunr seemed to no more man n moro
coincidence,
Thern wa nn change durinrr tlm day
In connection with the steel prlco sltun
linn. Hovernl further cula were mndo In
tho automobile trade, hut generally they
had heen discounted, In pltn of tho
fact that (hero wu no announcement
iihout steel prices, the flnnnclnl corn
munlty wa moro .strongly convinced
than over that reductions of price In
tho tnel trade would hnvo to he made
soon. In that connection tho Street Ih
Qur Sptdil Lrllcr, tml .
upon rtquttt, titeutt
tltit iwycrty.
1 2:1
r.
so
00
102
.nay
ID
90
7W
17
120
r
MEMBERS
N. Y. Stock Exchange
N, Y. Cotton Exchange
Chicago Board of Trade
V Broad St.
Uptown Office
16 Vanderbilt Ave.
Inclined to Plnco great Importance on
the return of Judgo (lary from Kurope
next week, hut, -n tho llrst reduotlon
aro likely to como from independents
those wno aro luunlly won informed on
tho uhject do not expect nny announce,
ment from tho steel corporation. Jf tho
uteri corporation decides to cut price
thnt cut will not como until tno inno-
nendontM linvn to lower their prices to A
level thnt will compare fnvornhly wUh
tho corporation's HChedulo. Tho now
ticker carried n Aport that tho Amerl
can car and Vonndry Company had pur
chased steel nt lower price than those
now prevailing and for a time It looked
lis If tho wavo had started In, but that
report wa denied Inter ly an offlclnl
of that company.
While th steel nnd oil stock wore
going down tTio flnnnclnl community, as
hefore, turned It attention to other di
rections. Tho railroad stocks received
a good part of that nttcntlon, but toward
tho closlntr traders took up tho public
utility Mock nlso. I.lko tho railroads,
the puhllo Utility stocks havo not bene
fited from tho tremendous Increase In
Iirlces nnd operating costs nnd thu It
Is believed that, with prices of commodl
tic coming down ull alonK the line,
tl'cso compunles eventually will como
tack Into tho position which they occu
rred In tho market prior to the war.
Thero was hardly n stock In thu utility
l,roup that did not share In the Improve
ment, but tho butter Rrndo or stocks nat
urally recdved most attention. Tho
rails, oh Nfoie, continued upward nnd
nt tho cJoko had recorded n new hlirh for
the year In tho nvcrnues. Tho Indus
trials, on tho other hand, cancelled their
nttlro sain of the preceding day, leav
ing; tho nveraue of tho twenty Indus
trial within a frnctlon of n point of tho
year's low.
Tho monoy market was firm, calt
money solnir to 8 per cent. Just before
tho close, duo to the preparations for
(lovernmont withdrawal to-dny nnd tho
continued prepaotlons by tho bank to
meet the OctoBer 1 Interest nnd divi
dend disbursomcntii. As tha first of tho
month Ih only n duy off, It Is expected
that money will continue high to-day,
although no such flurry ns wa experi
44! 43
215 !230
.1SUI
70
00
15
23
'14
10
12
28
COUPONS
Payable at Our Office
October !, 1920
39
t
7CH
77
39
08
80
-OS
14
20
CO
32
33
,33
no
67
20
44
74
83
9
27
10
82
30
120
40
30
BRUSH ELECTRIC . CO.
in a'h, mm
KNOXVILLE.GAS CO.
I f.', 1033
4
1 SOUTHERN ONTARIO
GAS CO., Ltd. -
lit ft'a, 10,11
Henry L. Doherty
& Company
60 Wall Street New York
enced Inst month Is anticipated. It 1
70
relieved that money mny ko a trlflo
103
hlKher to-duy than It did ycslorday, but
no ono looks for much hlRhur than 9
240
4VJ
per cent money, nnd If tho rnlo goes
thero It Is not expected to contlnuo
there lonR. Tho money situation -Is
much rosier than It has been for n lone
tlmo nnd for tho time bclnR Isnot hav
ing much effect on price. Nbthlnc of
rroclnl Importance occurred In the ex
cliaiigo markets.
3
NORWEGFAN THRIFT
and industry nre 'famed
throughout the world. Nat
ural resources are well
developed foreign trade
tonnogc Is the largest per
capita In the world.
Kingdom
of Norway
Twenty Ya'ar 8
Sinking Fund Gold Bonds
Prlco at Market
to yield about 8
Aak for Folder 8.H.N.
Hollister;
White &Cfo
pi Cedar St.. Cor. Trinity PI.
turn tork
Boiton ThUndelphU
11
7
11
35
23
14
61
60
19
23
MONEY AND EXCHANGE.
CALL MONEY.
IIIeIi.. HILs.it 8
Low 7 Hrnewsla 7
Vear's Msh zoirear's low 8
CLKAniKQ. HOIIOn STATEMENT.
Clearing Homo . exchanges, 742,538,870:
US'
32
21
22
. 8
66
balances, ttl7,3l.1,DR9; Suli-Treaiury debit
balances, M.i.nja: trnerai iteaena creoit
balances, 1(11,001.0.18.
B1L.V1.II H1AHK1-.1H.
Official bar silver In New York: Domeatle.
DliVic, per ounce, unchanged ! fortlfrn. 0.'4c,
Ml ftc.i Lrfinnon, mis,a., on a,; Mex
ican dollars. 704c.. off Me.
ICO
CANADIAN KXCIIANOE..
New York funds In Montreal. IIOT.M) nre-
82;
mlum per II.OOOs Montreal funds In New
141
fork. 07.0fl per fl.ono.
FonririN nxciiANQB.
18
67. I
78
J
85
80 I
33
27
17
66
12
30
104
89
7
45
4
13
19
114
20
UIIEAT UniTAIN.
Parity. Wedneada'
nesdav.
, 13.47
Tuesday.
llJfOil.1 Demand, aterllnir.... 13.41
:i.4n
3.30H
3.43H
U.43H
inDiea. aivrupK. ... . .t.1111
Hankers, 0 da-a.... 3.43
Ilankera, 00 Any:.., 3.41
nit! CONTINENT.
10.31 France, cents a rranc
Demand n.iui
Csbles 0.07
10.3) Holt lum, cents a frano
Demand ...... 7.0.1
Cabl 7.03
19,30 B ltorland, cents a franc
Demand 11.03
Cables ..' 10,03
10.30 Italy, cents a lira
Demand 4.17
Cables 4.18
23.80 Germany, cents a mark
Demand 1.03
Cable 1.(13-
16.60 Hwrilen. cents a krone-.
Demand ............ 10,00
Cables ,.20.00
'20.60 Norway, cents a krone
Demand 14.13
Cables... ,.... 14.20
20,80 Denmark, cents a, krone
Demand 14:13
Cable t 14.20
, 10.80 Greece, cents a drachma
.Demand 10.23
Cables 10.33
10.80 Spain, cents a peseta
Demlnd l'.fxl
Cables 14.70
40.20 Holland, cents a flortn
L'emand 31.10
Cable 31.20
S1.40 Ilusais, cent ft ruble
V rubles 1.10
D0O ruble M
20.3 Austria, cents a crown'
Demand 43
Cablea 1.. .44
8.71
0. 72
7.00
7.10
10.00
10.12
4.10
4.20
1,0.1
1.04
20.00
20.10'
14,13
14.20
HAX
14.20.
10.40 '
10.30
'14.(13
14.72
31.12U
31.23
1. 'io'
1.00
.44
WE RECOMMEND
New York,
New Haven &
Hartford R. R.
Debenture 4s
Due April 1, 1922
( A74
38
17
73
62
34
7
6
, 3
'7
18
.43
20.23 Ciecho-SIovakla, tenia a krone
24
48.
54
'34
54
23
iiemanu 1.....
Cables ....1.4 1,30.
FAIl EAST.
103.32 Bhanchal, cents a tad .
Demand ............IDT,..-
Cable 1 100.00
78.00 Hongkong, cents a dollar
Demand ........ ..,. T.'.Ml
CableaN , 70.00
32.44 llombay, cents a rupee
Demand 33.00
Cabl' 113.23
V4D Yokohama, Cents a yen
Demand M.12U
Cablea '. , M.3714
BOOTH AMEniOA.
1.S2
1.37
103.no
1UI.00
,73.r.o
70..00
Prico at the market
1 to yield over 17
McClure, Jones & Reed
Member New York Stock Exchanss
115 Broadway New York
Con. Rector 7662
33.00
33.23
62
38
EI.12U
01.37 Vi
4 1.42 nio de Janeiro; cents a mllrela
4 A
Demand 17.02V4 17.MH
J7
49
bftui.n .............. J..IU AI.IU
42.84 llueno) Aires, cents a peso
Demand 37.23 37.BO
20
Cablea 37.37H 37.02H
103.42 Uruguay, cent a. dollar
Demand 1V1S7W 04.87H
Cables , ftf-Wi S4.62H
13
139
101103
THE BUN AND NEW YORK HERALD, THURSDAY, SEPTEMBER 90, 1020,
NEW YORK STOCK EXCHANGE QUOTATIONS.
WKDNBBDAY, HIBlTWMUlim 80.
J010.
944,011
1919
Day's sales
1,638,090
i.,.i.ii..i..it...ii.ii
r-dloalntf.-!
m
1
TfTihT
Law
11
ma, a.
titles',
1.
Inn.
. 4B
-OU o JHX UIHMIIT IDMt.ll...
44
44
42
1
1
68
74
84
76
71
87
43
SOOIAtaxlta Uold M, ,
IH
2001 Alaska Junoau (1 M,,.',,
1?
1
mi
1800 Allied Chcm & Dye wl...
C9
76
pv
75
68
70
9i
75
7
7M
m
193H
200 Allla Ohnlmr Mfnr Pf
74
400 Ajii Afillo Chum.
100 Am Hoot Himar, ........
500 Am HobcIi MKncto,.,,,,
84
86
84
75
76
75
7116
71
71
87
lOOIAm Drake H A lMy pf...
1AAI -!..
87
87
J7V'oiii vim 1 . 1 1 .
lOOIAm Can pf. ,,,,
1300 Am Car & foundry,,,,..
38
83
83
87
131
32
87V4
87
87
13214
133
133
100 Am Cnr A foundry pf,,,
100 An) Cotton Oil
800 Am PnwKlHt' Hyndlcnto, ,
200 Am III1I0 A Ioathnr,.,,,.
2100 Am Jlldo A I.eiithfT pf,,,
4400 Am'Intornittlonnl Corp..
now
110
110
110
33
33
29
23
0H
'0
9
10
0
10
18
11
69
71
11
sat
r.2
58
09
61
71
71
71
91
94
uvviniu j.ui'umuiivv ........
100 Am Lofomotlva pf
03
94
03
113
101
101
101
101
15
UOOIAm Hafnty Itnxor ,
ISOOlAm Hhlp A. Cnnunort'o...
16
16
14
16
13
1AM
18
18
69
18
2000 Am Hmolt A llnf
69
30
68
60
30
700 Am Hteol I'V)unilrl,.,,,.
1200 Am Hugar nof
2100 Am Humntnv Tab
30
80
108
108
107
108
87
87
85
90
100 Am Humtitrn Toll pf.n.,
S5
07
85
07
85
07
85
07
07H
1100 Am Tel A Tol
400 Am Tobacco
1200 Am Tobacco II
4300 Am Woolen
2200 Am Writ I'upt-r pf
2900 Anaconda Copper
120QAiwotN Itrnlliuitlmi
t2V4
129
129
130
128
138
127
138
130
127
7l',i
62 H
73
65
62
24
68
85
77
11
03
72
56
62
8
24
68
85
77
11
93
70
53
51
3
23
58
84
77
11
03
71
62
62
3
21
68
85
77
11'
03
'
24
58
77M
400lAnHocifttC(l Dry (IochIh...
200 Aho Dry OoihIh 1st pf,,,
3300 Atch, Top A Hnntn Fo....
200 Atcli, Top A Hnntn Fo pf,
1100 Atlantn, Illrm A All
400 Atlnntla Const Mno ,
2200lAt, Clulf A W I fi fl
lOOjAt, Oulf A W I H H pf,
39S00llnlrlwln Locomotive Wlta
22200' lln'ltlmoro A Ohio ..
1800nnlUmoni A Ohio pf
11V4!
94
118
00
141
142
110
141
112
02
02
62
io8uoo;ioo
108
44
51
16' 44
45
61
38
c
61
38
38 ':
100 narnsibll Corp II
400;ilnrrott Co
38
38
130
5
90
89
104
71
7
12
8
50
91
7
16
130
1130
1211
1
00
89
104
08
7
10
0
49
00
7
15
63
129
I 5U
700 llethlehrm Motor I 5
4
90
69
95
300 Uothlchcm Hteol 7 p c pf. 90
95
JO Hi
m.
m
12M
8V4
CO
04
7U
an in.n.i..i..... it. -m ..l nn.
uv -ovuiirui'iii ruri 1 p u pi au;i
400!IJothlolK'm Hteol 8 p 0 pf. 104
7400lotlilt'hem Hteol 11 70
lOOIHonth KlHhcrleri 7
7900Ulrooklyn Ilnpid Transit,, 10
3500lllklyn It T ctfn of (lop... 7
1200jllrooklyn i:nlon (Inn.... 49
iOO'IlnniH DroH 90
800'Ilutlo Copper A Zlno 7
700iCaddo Cent, 0 A It 16
lOOtCallfornla Tack Co 63
ROOICallfoniln Petrol 27U
104
I 1
69
7
12
8
49
91
7
16
10
17H
05W
27 Hi
04 Ml
27
63 -20W
6
120H1
2800!Canndlnn I'aclili! ..' Ill9l120!ll0
2600!Centrnl leather (43 I 45 14
200;C'entral of N .1 220 1220 1220
mrt ft 1 1". .1. It, ...... it, t nn I ft t son
120! 4-
44!
20 I
3.1 I
39
77
H7
16
28
10
10
12
20
39
01
4wuviv,vnti lie 1 nrtil t 1 tli' 1 Ui I JnVlt
4800IChnndlcr Motor ( 77
77 75; 70 I
67! 66; 67 :
CU00Chennprnlo A Ohli j 67
1700 ChlcnRo A Alton' ! 1571
300ChlniKO A Alton pf 23 I
100!Chlo A 13 111 Kt Tr ctfs.l 14T.I
800lCho A R III pf Kq Tr ctfs 17
2400'ChlcnKo Ot WoHtern 12!
"OOlChlwiRO Ot Western pf.. 29 '
1U
23
14!
17 I
12l
15
10 I
23 I
14'
23
11
16
12
28
38
58
76
79
3K
09
80
16
12
23
39
61
76
80
29
39
61
70
80
39
69
81
0
14
10400!Chlc. Mil A fit Paul 39
13900Chlo, Mil A Ht l'atil pf... 69
lOOOjChlo A Northwestorn.... 76
400Chlo 1'neumntlo Tool.... 80
lOlOOjChlc, H 1 A ITiclflc 39
800 Chic, It I A 1' fi p 0 pf . . . 69
76
73
39
9 til
69 I
80!
70 I
14W!
09
80
700 Chic, 11 I A 1' 7 p 0 pf... 80!
lOOIChlc, St 1', M A Omaha. 68!
70
14
68
11:
26 I
600 Clillo Copper
1 ' 54
26
1
4
3!
4
5
300
Chlno Copper ! 26;
20
60
S3
34
33
r3
coo
Clov, C C & St lulfl....i 62 I
6
3!
I cn 1
f 32l
59
I
1300
Coca Cola , ' 32f
32UI
33, H
lOOlCol Fuel A Iron..,,.
33
33 33
33 ' 33
51 I 51
COOIColomdo A Houthern
33
CI
67
21
44
73
St
9
27
10
83!
37
28!
33
61
38
20
44
9
100 Colorado & South 1st pf..
1500 Columbia O A Klec
4000 Columbia OrnDhonhono
C7
68! 57
20
45
70
li
21i 20
4
100 Comp Tab Ilecord
300 ConBolldntod Cigar
2500 Consolidated Oa.i
200 Con Interstato Cal Min..
1000 Consolidated Toxtllo ....
1300 Continental Candy
11000 Corn Products Itcf
COO Cosdcn A Co ..-
0400 Crucible Steel Co
2000Cuban Am Suimr
44
.74
84
9
28
10
84
37
41
73
81
9
2".
10
71
71
84
9
28
41
H
3
277;
,s
10
82
1
4
10
82
36
82
36
37
2
8
129
125126
40
41
41i
37 I
40
40
;-
I t4
37
77
105
3700 Cuba Cano SuRar
100 Cuba Cano Huriu pf. ..
100 Dclawnro A HudHon...
200 Del, hack A We.storn...
1000 Denver A Illo Oronde..
1700 Denver A lllo Ornndo pf
200 Detroit United Hy...
800 Domo Mines . ,
36
35
37
76
76
76
76VJ
104
104
104
104
245
244
244
212
n 1
24
4
3
92
11
7
2
3
2
3
92
11
3
92
11
3
-
92
92
11
"11
6
10
1900Duluth. S S A Atl...
1400 Duluth. S H A Atl Df
7
6
10
1A'
7
12
50
24
15
01
93
19
,28
70
33'
21
23
8
68
12
36
23
15
62
9?
19
28
69
82
21
23
8
65
12
36
23
15 1
01
92
19
T
32
21
23
S
65
100 Durham Hosiery Mills.
100 Elk Horn Coal Corp....
100 Emerson Brnntlng
600 Endlcott Johnson
100 Endlcctt Johnson pf....
6600 Erlo
2800 Erlo 1st pf
400 Famous Playcrs-Lasky
300 Federal Mln A,'Smolt pf.
1900 FJskTniihhcr
700 Frecport Texas
100 Gaston W A Wlgmoro. .
I 100 Gen Am Tank Corp....
100 General Chemical Co...
100 General ClRar Co deb pf
SOOOencml Electric-Co....,
12400 General Motors.
200 Gen Motor Corp deb....
36
23
15
62
92
19
27
68
82
21
23
8
65
30
23
"15
60
92
19
27
68
32
21
23
8
65
1
-1
"
158
lGtr
ISO
150
150
85 .
83
83
83
83
142 '
143
143
141!
141
18
68
79
49
87
80
33
28
17
67
14
30
18
68
18
68
79
49
86
80
33
28
18
66
14
30
18
67
79
48
86
79
33
28
18
65
14
29
18
67
79
48
86 '
80
33
28
18
66
14
30
100 G Motor Corp deb pf 7 p c
79J
7.700 Goodrich (B F)
160 Goodrich (n F) pf
lOlOOlGrcat Northern pf
49
86
79
33
28
18
66
7
4
2
2
300,Great Northern Ore ctfs.
100
900
1200
Grceno Cananea Cop.,..
Guantanamo Sugar
Haskell A Barker Car...
4
1
700
Hupp Motor
14 '
3
200
4000
Hydraulic Steel
Houston Oil Co.....
29
105
107
107
103
100
90
7
800
100
600
21500
Illinois Central
Indlahomn Itcf
Inspiration Con -Copper..
Interboro Con Corp
90
7
45
4
90
7
90
7
45
8
00
7
45
4
7
60c
4
45
4
4
13
6200
200'
Interljoro Con Corp pf. .
12
19
15
12
'19
13
19
20
Xnt Agrl Corp
19
110
200
4400
Int Harvester Co new.
fat Mer Marino ,.
113
113
113
113
HA4I
20U
20
71
38
18
74
19
20
72
2500
100
Int Mer Marine pf
Inter Motor Truck....
International Nickel ..
International Paper . .
Intcrnatlonn.1 Salt
70
71
38
17
73
39
18
38
38
17
2300
18
73
,34
13500
100
74
63'
35
7
34
72
63
63
36
63
34
3300
600
Invlnclblo Oil 1 ,
Iowa Central
33
7
8
7
7
300
Iron Products Corp..,
35
33
83
6
3
2200
1600
Island Oil A Trans Corp.
6
6
6
,3
7
18
24
48
Jewel Tea
0
5
3
7
8
19
600
300
Jewel Tea pf
8
18
24
49
55
64
63
18
24
Jones Bros Tea
18
24
24
3900
1400
Kansas City Southern...
Kansas City Southern pf.
49
65
60
60
24
50
48
2100;
1600
100
Kelly Springfield Ttr6.
55
63
54
Kelly Spring Tiro rts. .-. .
1
1
Kelsoy Wheel Co
Kelsey Wheel, Co.. tv
Kennecott Coppor . ...
64
63
54
54
90
63
23
13
,63
23
13
3800
23
23
13
63
1.20 , 1200
Keystone Tiro A Rubber.
10 y
13
63
1000
Lackawanna Steel Co...
63
36 .
20
35 -
61
35
63
40
700
2100
700
100
1300
1300
400;
Lnclcda Gas of St li....
38
23
38
38
23
38
Lako Erlo A Western..
20
35
L..ko Erlo A Western pf.
20
2
3
2
Lee Rubber A Tiro...,
Lehigh Valloy .......
Loews Ino ,
19
60
20
14
19
19
19
60
60
60.
60
21
21
21
20
13
13
Loft Ino
I 14
142
jnotT.
1142
142
1 -i
I 12
I 71
nioi
19)0.
1011.
087,045
Year to ilato. ... ......n m ..
162,783,945
238,017,185
-"Wir
Clisnjrt
""pieslMfl
Up'irvllil'"'
f alas, I
Law.
sat.
ma. 1 abh
69
01
40
10
39
69
lOOlMuckny Con pf. .........
60
59
90
61
20
96
44
20
43
06
60
20
48
4
12
PH
5
KI
-
800 Monntl nuiiar ,....,
1800 Manhattan Elevated guur
100 Mnrtln-I'nrry Corp ..mm
200 Mnrlln Jtocltwoll Corp...
5800 Maxwell Motor ., 1 ...
200 Maxwell Motor ctffl.....
8800 Mnxwdll Motor lt pf . . .
60
S
4
4
1
3
12
0
6
!
I
10
f
6
fl
HT4
JOOlMuxwHI Motor Int pf ctfs
I
6
1600 Maxwrll Motor 2d pf. ...
100 Mux Motor 2d pf dtfa.,..
-
A-
73
74
200 Mayu Dept Hlorc..i....
74
100
74
74
S
180
19
183
183
Mftw aioxican roiroieiun
iioaIiii I 1
1P1
10
19
vu uiiinim inpper ..........
19
19
14
87
15
1,00 14000 Mlddlo HlnteH Oil.,..,...
15
87
16
14
87
87
28001 Mid vnlo Wool A Ord
38
3
18
10
78
8300 Minneapolis: A Ht h new,
10
19
18
77
1
76
77
ivuMiiiui, mj-Mun.i,...
77
6
11
0
0
1900 Mlasniirl, Kan A Tex,,,,,
1600 Missouri, Kan A Tex pf.
DMA lf,M,,H, ti..,l..
0
11
29
6
11
11
10
20
51
29
20
20
-
-
oivv .uinnijuri I'libiim 1
63
66
37
33
80
6800 Mlwioiirl Pacific pf
100 Montana Power ........
1700 Mont, Ward A Cn
700 National Acma Co,,
700 Nat Anlllnn, A Client... .
200 Nat Anlllnn A Chcm pf ...
200 Nat Biscuit Co pf.. ......
100(Nut Clonk A fliilt pf....
200 Nat Knnm A Htnmp
600 New Orleans, Tex A Mox.
100 New York Air Brake...,
7300 Now York Central.
2800 Now York, Chin A Ht h. ,
200 N Y, Cho A Ht h 1st pf,
100 N Y, Ohio A Ht L 2d pf..
100 Now York Dock
7900 N Y, Now II A Hart..,..
.1900 N Y, Ont A Western
700 Norfolk A Western
100 Norfolk A Western pf...
8800 Northern Pacific
2700 Oklahoma Prod A ltef...
100 Orphenm Circuit
100 OtlH Elevator pf
SOOOtlH Htecl
100 Owens Bottle Co,......
100 Pnultlo Development ...
62
69
28
33
80
89
63
69
28
82
80
89
61
69
1
59
27
37
33
80
89
31
8
-
80
89
- 3
105
107
105
100
IDS
-
- 2
80
57
84
68
50
Oii
76
62
00
63
25
36
24
t7
69
40!
83
68
68
98
76
40
63
60 ,
22
35
24
96
68
83
4
37
82
21
48
30
83
68
59
93
77
63
65
60
33
20
24
82
67
58
93
70
40
60
60
22
35
p3
3
- 1
68
-3
03
76
53
04
60
23
35
23
f-
1
fl
3
I
1
7
4
7
'90
06
68
84
4
37
83
31
48
30
48
93
85
42
18
37
18
29
33
40
31
13
73
37
17
94
61
90
68
82
4
37
82
21
48
30
'48
88
81
42
18
34
18
28
62
88
33
13
70
35
17
94
01
110
70
38
93
102
14
92
45
48
51
77
34
72
80
67
40
4
27
1
2
1
4
28
40o
21
48!
30 1
48
22
49 I
31 j
48!
so;
83 1
42
SOO Pnolllo tlas A Elortrle,
48
jvt
89
82
42
18
37
IK
28
62
40
34
13
71
35
10
,91
60
27700
Pun Am Petrol A T 92
UOO'Pnn Am Potrol A T II. ..I
85
1
3fiOOIPonhHylvnnla It It
200 Pnnu Heahnnril Hlcel..,.
4700 Peopled (Ins, Chicago,,,,
1300 Peoria A Eastern... .....
4600 Pero Marquette .........
400 Poro Mnrqttotto pf......
14700 Philadelphia Co
2800 Plcrco Arrow Motor..
900 Plcrco Oil Corp
1600 Pittsburg Coal of Pn
42 i
18
37
18
29
63
40
34
13
71
35
17
91
70
18
31
18
29,
63
38
34
13
71
36
17
1
1
1
2
12700'Plttsbiirg A West Va...,
1 UOOjl'ond Crook Coal
S 200ll,it'NKO(l Htevl Car
4 100'Piibllf Service Corp N .1.
8' SOOIl'iillinan C(
X 2l00!Puntn Alk-Kre Hmrnr
4 lOOOIPuro Oil
?! 200Itnllwny Hteel HprliiR....
5
M!
01 I
1
1101U
UOTi'llOTs
3
70
70
38
93
1
1
38
38i
38
93
93
95
110
102
7t 100 Hallway Hteel Spring pf,.
102
102
14
14
1 200! Bay Consol Cop..
14
93
.45
48
51
79
34
74
11
93
45
48
51
79
34
76
88
93
pj4
44
47
53
79
33
74
80
15
32
4 13200 llenillng
43
47
lOOlltradlng Ul pf...
1
2
100;ilendlng 2d pf
30
7R
. 200
Itcmlngton Typowrltor .,
1500
1800
23100
Beploglo Steel
Republic Motor Truck...
llepubllo Iron A Hteol',...
-
1
34
3
73
80
20 2700
Boynl Dutch Co N Y.
88
14
1 lOOiHt. Joseph Ixwl i 14
14
14
31
9400,8t Louis A' Han Frnn....' 32
30o;st Louis A Han Fran pf.l 44
540o;st LouIh South western.,! 37
1 100;t Louis Southwestern pf 43
600finvni;o Anns Corp 30
1500Huxon Motor j 4
32l 31;
41
1.1
44 I 44
37
37
3S
43
30
I 36
12
OA
43
I 41
1 23
- VS
24
4
10
18
5
n
10
19
127
100
63
32
64
97
32
4
10
1900Hcnbonrd Air Lino
700 Senlwird.AIr Lino pf....
eOOl.Sonrs'ltochuck Co
10
10
18
18
19
126
106
128
110
8
7
127
127
lOOlSears Kocbuck Co pf...
10G
63
100
62
31
02
-
- 1
53
31
02
06
31
63
63
74c
1300 Shell Trans A Trading...
15200 Sinclair Consol OII
300 Sloss-Hhcfflold S A I....
17000 Southern Pacific
12700 Houthern Railway
1000 Southorn Railway pf...,
31
32
2
1
67
04
36
31
06
95
31
03
31
03
63
1
- 1
1
632 642
l'Htandard Oil of N .(,
.163,4
63,
634
632 1642
SO Standard Oil of N J 1632
635
632
104
t04ll05
10008tnndnrdOII of N .1 pf,.10r.
103
30
63
55
SI
18
50
31
66
65
300 Stownrt Warner Speed..! 30
30
30
04
SSOOIStrnrnlierg Carburetor
23100lHtudchnker Corp
100;studubnker Corp pf...
800 Superior Oil
OS,
6
60
57
54
8.6
I 86
86
81!
18
51
10
47
37
38
14
21
66
20
19
24 !
12
45
18
60
18
18
900Huperlor Steel Corp..,
50
50
9
47
36
300
1 41500
600!
2300
Tenn Cop A Chcm
9
9
9
Texas Co
50
60
47
Texas lnc Coal A Oil....
Texas A IMclfio
Third Avenue
Times Sq Auto Supply...
Tobacco Products
Toledo, St L A W
37
37
1 ,
20
69
16
13
24
12
46
28
37
38
36
37
12
20
65
16
18
24
11
43
27
33
14
20
1800
14
300
4600!
20
69
16
66
17
100
1400
18
T, St L A W ctfs of dep.
T, St U A W pf ctfs of d.
Transcontinental Oil ....
.19
23
1300
12
43
5300
800
13
46
28
Trnnsue A Williams Steel
27
28
1600
2800
400
300
100
, 400
6300!
Union Oil
Union Pacific
Union Pacldo pf
Mnl.A.I Alln..
123
123
123
124
122
64
38
65
38
65
38
65
SSU
65
38
,... i,. t.tiwjt oivr. ......
United Cigar Stores
United Fruit Company..
5
175
199
145 '
145
199
145
3
- 6
1
-
-
- 1
-
-
1
-
-
-
- 4
-
198;
199
198!
13
13
28
70
14
7
02
81
50
76
United Ry Investment.,
United Ry Invest pf....
United Retail Stnre6..v..
11
25
71
14
6
65)
82
48 ;
78
13
28
11
25
69
14
6!
61
81
47
75
3100!
69
10000
13
100
u 8 C I Pipe A Fdy
14
7
65 I
82
48
78
6
400
6700
2000
660
10600!
100
200
89600
U H Express
U S Food Prod Corp.,..
U H Ind Alcohol
U 8 Realty A Imp
52
81
48
76
U S Rubber...,
105
106
U 8 Rubber 1st pf
U S Smelting, R A M....
U S Steel
U S Steel pf
Utah Copper
Utah Seo Corp
105
105
105
55
86
57
36
50
80
00
87
66
85!
106
106
200
106
100
106
60
61
10
65
82
12
11
1200
61
8
07
62
11
11
31
16
22
88
61
0
67
60
8
64
60
11
11
30
9
1300
.7200
800
1800
65
62'
12
Vanadium Corp
Va-Carollna Chcm
Vivaudou V
.63
12
11
31
11
2900
Wabash
1
'
1'
1
30
15
21
38 '
31
16
Wabash pf A,....
Western 'Maryland
7VUU
8600
16
14
22
Western Mnryfand 2d pf.
22
21
38
1300
Western tticltlc ....
38
72
72
73
48
400
Western Pacific of, ,
72
47
72
47
1000
8100
Westlnghouso E A M
47
47
15'
16
Wheeling A Lako Erlo..
15
16
27
15
-
- 1
- 1,
- 1
- 1
T
-1
- 1
-
t
T-
-
26
27
45
29
1900
1000
300
Wheeling A Lako Erlo pf
21
14
26
44
White Motor
44
43
28
11
Wlckwlro Spen Steel
27
28
12
27
11
67
60
38
11
67
14400
600
iWlllys Overland . ...
11
67
49
39
Willys Overland pf..
Wilson A Co
69
69
60
40
700
300
100
6Q
38
50
40
Wisconsin Central ..
62
66
Worthlngton Pump pf 13. j
62
62
62
Odd lots.
NOTE Odd lot transacUons nre not recorded In ssosxato
woro mado at price outsldo of the regular full lot range.
PEOTE8T CANADIAN BATES.
1011.
inco of Manitoba,, produced figures to
show, that tho operating ratio ot tho
8
4
railways is much lower
New Iln.Il Tariff Work Hardship
In Fnfr nMr.H
2
3
3
an lVful, it In Maid, '
Ottawa, Sept. 29. Recent Increases
.,-
,v. ..amy uelween
in freight nnd passengor rates granted
Canadian railways by tho Dominion
Railway Board work a severe Injustice
to Uie thinly populated Western prov
inces, according to speakers who ap
peared to-day at a hearing beforo Pre
mier Melghen and soveral 'members of
his Cabinet Business Interests In the
rjxrortTs pnoat xmw vomc.
Exports from Now York yosterday:
Wheat, 191,841 bushels; .pork. 100 bar
rels; bacon, 780,000 pounds; greece,
138,000 pounds; rye, 195,260 bushels;
beef, 108 tierces; lard, 3,317,800 pounds;
praina provinces seek to have tb In
creases readjusted.
GOSSIP OF WAIL STREET,
Industrial Pull to Hold,
1911,
97,711,687
Htocks failed to hold Ilia rally that
they mads on Tuesday and In a market
tin and wltli rreat Irreiril ftrlty 111 the en
Change.
tire industrial list saiwed toward lower
(9
P5
44
20
40
8
8
8
4
l
69
95
60
20
40
4
11
S
0
. 1
-1
- 6
-
-2
. 1
levels. The loss for the day tur iwcmy
representative, Industrial stocks was
70. annroslmatelv wlnlnir out TllOSdHy'M
I ualn and hrlnitlnif the average hack to
1 HJ.JJ, Roll stock took Uie lean away
! from Industrials early In the day and
Wall Htreet got a peep nt A two shied
, market, In which the rails went up and
the Industrial went down. Many fot
tors pulled nnd lnvulod thin way and
' that, which added to tha IrreguUrlly
JU
0
0
s
of tha market and conrusion or traders,
Heveral additional reductions were made
hy automobile companion, Money nil
vanned In tho lata afternoon to 8 per
cunt. On the other hand, now of ft
big shipment of god from Eniland was
Inilllshly construed.
ItnllH nt Now High I.firel.
Twenty rail stocks, practically all of
them hon-dlvhiend payers, tho possibili
ties of which to get back an a dividend
basis or fit Into some convenient merger
are very bright, rrosscd yesterday Into
new high ground for the year. In every
rase n now high flguro was attained and
In several cases It represents an ad
vance of 100 per cent, or more from
the year's lows, Tha rail market Is it
law unto Itself and Is not affected, ex
rept In a general way, hy considera
tions and factors that causa fluctuation
4
74
180
-2
10
15
-
-
-
-
P
-
-
- 1
-
'-
87
19
77
6
11
39
63
69
27
83
80
89
100
3
83
67
58
In Industrials, It is a rrcqucntiy an-,
vanced theory that tho current price I
cutting wavo Ih favorable to stocks of.
-
4-
03
77
63
05
00
22 U
35
24
06
68
88
4
27
82
21
48
30
43
89
82
42
18
37
18
29
62
40
34
13
71
87
17
04
61
that class, because freight will move
faster and roads, will he able to buy
equipment much cheaper than had been
anticipated. At nny rate, rail stock
were under prefigure of accumulation
yesterday and maintained a strong touo
all day, Rail stock which eold Into
new high ground yesterdny wero Minne
apolis nnrt fit. iouls, Western Mary
land second preferred, Wheeling nnd
Lake Erie, common nnd preferred 1
Omaha nnd fit. Paul preferred, Peoria
and Eastern, Kansas City Houthern,
Nickel Plnte.Chlongo and Alton common
nnd preferred, Atlantlt) Const Line,
Chesapeake nnd Ohio, Now Orleans,
Tcxn nnd Mexico, Pittsburg nnd West
Virginia, Lake Erlo and Western, Big
Four, Bnltlmoro nnd Ohio, Duluth,
South Shore nnd Atlanta nnd Wlscon
tdn, i:(tilpiurnt Price.
Iii view of tho outlook for n consld
ernbto reduction .In steel prices, rail
road companies aro looking forward to
a cut In prices chargod them for new
and repaired Icomotlves nnd freight,
passenger nnd other cars. Tho Street
hitherto has accepted the contention
that onn class of business which will
escnpo tho preciit economic trend Is tho
omilnmmit Una nnd even yesterday
8
5
1
1
1
f
2
2
',4
4
2
1
U
1
nenrly nil equipments HCored fractional
net gains In tlm race or a consuieninio
decline In Industrial nvernges. The wave
1
of price reductions, however, foreshnd
own n slackening volume of gcnernl
bushier-, which, In turn, foreshadows 11
quick drop In rnllroud demand for new
110
72
38
93
- 2
-
locomotives, enrs, kc, tiic question 01
equipment prices nn doubt will follow
102
tho workliiRs or tne law or supply onn
14
93
45
48
51
70
34
74
86
14
32
44
demand nnrt fallurn of equipment com
panies to reduco price would surprise
those who move In Important banking
nnd business circles. In such quarters
n reduction In equipment prices Is ro-
- 11
Rarded as Inevltnhlo and should uo ac-
-
comiKinlcd by a sweeping cut In Inven
tories liesklvH, companies, such as Bald
win and others, which havo done n lot
- 2
-
of foreign business without n complete
cash payment, may hnvo to dq somn
1
Important financing before the present
economic trend comes to nn end.
-
37
v42
21
Oil Price.
7
5'
Thero were those about Wall Street
Inclined to sniff the other day when n
4
10
18
127
06
53,
31
02
report wns published In this column that
production had Just about ctuiRhl up
1
unit consumption in tho oil industry
nnd that n reduction In tho prlco of
crude oil was nn Inovltablo nn was tho
1
cut In automobile prices and as un
avoidable as will bo a cut In steel prices,
-
-
-1
1
in met, tno nrcaK in oil nrlces tins
started. Reports from Texas nro to tho
effect thnt nt lenet one lnrgo company
has reduced Its crude oil prices nnd that
96 I
31
63
Rnsoleno at rilling stations can be had
634
ror approximately 3 cents lower than
tho peak, reached considerable tlmo na-o.
633
3
A great many hirpu companies, of
courso, havo tholr output for tho vonr
106
30
06
sold nt around M 11 barrel, hut there
uie many nlifo that sell at tho market
nnd It Is by thnso corporations who must
keep their production moving that. It Is
anticipated, a cut will bo made.
3
-
-2
-
2
1
2
I
1
'
-
I
-
8
1
2
-
1
3
4)
1
'3
-1
1
."'5
86
18
50
Motor Dividend Cut.
The first motor comnnnv tn nil itu
9
47
dividend slnco unsettlomcnt nf i,!.
36
38
14
20
66
16
18
24
12
43
27
condition made prlco slashing neces
sary Is Pnlge-Detrolt, which announced
yesterday a reduction of tho quarterly
dividend from 3 to 1 ner cent, nn n.
$10 par value stock. Th rirnnt
Cnr Company recently omlltrrt tt divi
dend. Reductions In the prices of cars
wore announced yesterday by the Chand
ler aioior company, tho Cleveland
Motor Company, tho Maxwell Motor
Company nnd tho Chalmers Motor Com
pany. Sevorsl corporations mnnnfnn.
Uirlng cars nro guaranteeing purchasers
at current figures a refund In cnae they
shall mako reductions before March 1,
1921. According to a report from the
Franklin Motor Company, which an
nounced recently a eduction in pflce,
salos of its enrs throughout the coun
try hnvo Increased 833 por cent slnco
thnt reduction, in contrast to Its sales
records for tho first twenty-two dnvs nf
123
65
38
145
198
13
28
69
14
7
62
81
48
76
September.
Philadelphia Compnnr.
Tho market action of PhlliuloinhiA
Company In nn advance through 40
yosterday evidently is In discount of the
probablo extra dividend to which Its
directors have ngrecd. That dividend.
It Is' said, will bo 2 per cent, or $1 u
sharo. The present rnto Is 3 per cent
Slnco brnnchmg put Into the oil busi
ness tho company has become prosper
ous, nnd It is from Its oil earnings that
105
56
86
106
01
9
65
61
13
11
31
me exira win do paia. The corpora
tion's net earnings In August were
nearly four times wbnt they were in
August, 1919, although the former's
earnings fell behind thoso of provlous
months of this yenr. The gross for Au
14
gust .was $900,000. against nn average
gross of $1,300,000 for the nrst seven
21
38 '
7
months ot this year.
72
47
15
26
Ilond Specialist Snowed Under,
Bond specialists on the floor' of tho
Now York Stock Exchango nro literally
snowed under by tho heavy business
which has accompanied the rise In
bonds; Moro than $17,000,000 figured
on par values of such securities wero
traded In yesterday and every day this
week has rolled up an aonroxlmnt.iv
44
28
11
67
- 2
-
a
-
50
3P
similar total. Ono house had the ex
perience of having a bond order declined
yesterday because tho specialist did not
have tho time to execute It, and reports
on sales wero generally one to two hours
late.
Pnhllo Utility Stocks Strong.'
62
iin ni...
Tho strength of public utility stocks.
r ' uu HUlllUir 18SUC3. PTOb-
iou oy u. ti. r. and similar Issues. prob
. , ruiv lllllicri.il WSl.CUlIinC. ThK thonrv
mo two sections, i that nolltlcs wn a ..nn.i.wt. V''
was advanced In a few nuartnr h it
-- - ' StAVtUI
appears to bo rather far fetched. It coal GoodveaT Tire & Rubber Co
and every other raw material, of which vf I i . IVUDDer .v'
w.llmSi"!.17 iT.1'! ans heavy N Y- N. H. & Hart. Deb. 4s
buyers, should be slashed to lower levels, m a t r't n I n- .
such pried revisions, of course, would National City Bank Rights
give a decided Impetus to net earning
ffll5I:;n:!!!leu,1,,c,,!a income McCLURE, JONES & REED
Profitable
Investments
Almost unparalleled op
portunities now exlfit
for conservative and
profitable use of funds,
If lack of decision is
due to inability to select
the more desirable bonds
and notes, we shall take
pleasure in submitting
some investment oug
Ideations, Write for Circular DX-7
A.B.Lcnch&Co.Jnc.
Investment Sccurtllts
02 Ccdnr Street, New York
Jloaton Olileasa lluffslo Clevrtsn I
lldlsdrlphU MlnncapolH llalllroor
Goody
ear
Common
unci
Preferred
Listed on Cleveland
Stock Exchange
Direct Private Wire
to Cleveland
J.S.Bache&Co.
Trading Department
42 Broadway Now York
Ttltphone Bnai 6400
Kirby
Lumber
TOBEY&KIRK
Uimbtn Ntn Ytrk Stock rcAeaf
25 Broad Street
New York
181
legal Investment
nnd exempt from all tatatton
In the State of New Yoik.
Utica,N.Y.
'270
Registered Bonds
Maturing 1921 to 1938 Incl.
Prices to Yield
5.50 to 5. 10
Income
Descriptive Circular on Abate, nnd
Other Tax i:xcmpl Isiues Yielding
from n rb (IV, Sent an Itequeat.
JPECIAUSlSlfil lUHICimL BONDS
PHONB B7ST ntcwn
135 BROADWAY NEWTORK
MlLLEPL&jSQ
.Members .
$av&rk Slock ExcKancfV?
Securities Bought for in
vestment or Carried
on Conservative
Margin
Bnnch. Offices
212 FIFTH AVENUE '
svcoR.ss-spicrr
. LONGACRE BUIIDING"
,N t.CORnlCT A-DROADVAV)
HEWTORlt
h. J. Bymlngton. counsel for the prov
I,y 1

The Sun and the New York herald. [volume], September 30, 1920, Page 14, Image 14
About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

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The Sun and the New York herald. [volume], September 30, 1920, Page 14, Image 14 About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920

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The Sun and the New York herald. [volume], September 30, 1920, Page 14, Image 14
About The Sun and the New York herald. [volume] (New York [N.Y.]) 1920-1920