The sun. [volume] (New York [N.Y.]) 1916-1920, January 31, 1920, Image 10

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The sun. [volume], January 31, 1920, Page 10, Image 10
About The sun. [volume] (New York [N.Y.]) 1916-1920

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The sun. [volume] (New York [N.Y.]), 31 Jan. 1920. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030431/1920-01-31/ed-1/seq-10/>

Newspaper Page Text

....... , ,
io h
THE SUN, SATURDAY, JANUARY 31, 1920.
riione, Rector 5000
Josephthal&Co.
120 Broadway, New York
Mtmkti
Ntw York Stock Exchansc
Foreign '
Securities
Private Wires to
Principal Cities
5"I
ft? J
FERSMHB OIL
COMPANY
Operating in the
State of Texas
Full Jala on rtutst. 1
Traded in on N. Y. Curb
M. J. WHITELY
Specialists
Member N. Y. Curb Markr t Ass'n.
56 Pino St. Now York
Phone 1222-1223 John
CARSTAIRS & CO.
MEMBERS
New York Stock Exchangs
Philadelphia Stock Exchangs
New York Cotton Exchange
STOCKS and BONDS
71 Broadway
Pf.cne, Boulint Cretn-6110.
re
m
Texas Pacific
Coal & Oil Stock
I.
Phones 4000 to 4010 John. S6 Wall St.. N. Y.
Information concerning the. ST.
Cumulative Sinking Fund Pre
ferred Stock of the Pathe
Freres Phonograph Company
will be sent upon request.
MONTGOMEKY & CO..
14 Wall Street. New York.
Suggestions for Investors
may be had on request
A. B. Leach & Co., Inc.
Investment Securities.
62 Cedar St.. New York
Chicago Philadelphia Boston Buffalo
Cleveland
Baltimore Minneapolis
$16,500,000
REPUBLIC OF CUBA
Four anil One-Half rer Cent.
Gold Bond Due 11)49
(External Loan.)
Coupons duo February 1, 1920, df the
above Bonds will be paid on presentation
at our office on and after that date.
SPEYER & CO.
New York. JanuaTy 31. 1920.
all Investment matters, the Bond
Department of this Company offers a
thoroughly dependable service.
Guaranty Trust Company
of New York
THE
PHILADELPHIA
NATIONAL
BANK
METAL MARKET.
Jan. 30.
Did. Asked.
l.ad. New York.
. 1.60
8.75
9.13
Spelter. N Y, spot 9.(3 s.... 9.43
fcpelter. prime West,
spot 9.00
Enelter. crime West.
February 9.00 9.10
Electro top. spot 19.23
Klectro cop. Fob 19.27(5
Quicksilver JS3 00
Aluminum 31.50 32.50
Antimony 11.25 ll.M
J'latinuni, an ounce 1153.0)
Fig Iron. No. 1 X
foundry .00
Pit iron. No. 2 sill
con ' i (303 .... 45.0S
Pitts. Bess Iron 29.00 .... 39.00
Pitts, Bess billets (t.00 .... 41.00
OLD METALS.
Dealers' buying prices are as follotvi:
Copper , Cents,a pound.
Heavy cut and, crucible 11.73917.04
Heavy and lre U.OOSlt.JO
Light and bottoms 15.00913.23
Heavy and machinery comp l?.00fjl.6O
Brass, heavy 1O.2S01O.5O
Ilrass. llsrht .to 9.00
No. 1 clean brass tumlnxs 10.00010.23
No. 1 comp turnlngi 1. 13.73014 23
Lead, heavy 7.003 7.10
Tea lead I.75g
JUuc'scrap 0.000 (.23
LONDON METAL MARKET.
LONDON, Jan. 30. Following are the clos
ing motal quotations:
s. d. .Changes.
Copper, spot Ill 17 oTt U 2i M
Copper, futures W 12 ( off fl 17s td
Sales Spot, 100 tons: futures, 1200 tons.
Electro jcop, spot.... 122 10 0 .off 10s
Electro cop, futures. 124 10 0 off 10s
Tin, spot Ill I 0 all 15s
Tin, futures 113 10 0 off 10s
Straight Ml 6 0 off 15s
Sales Spot, 10 tons; futures, (00 tons.
Lead, snot ........... 47 6 0
Lead, futures 47 IS 0
Spelter, .pot 59 10 0 olf 6s
Siieller, futures 61 0 0 off 10s
Liverpool Cotton fllntllflea.
T.TvriwT. .Tun ,10 Week-lv rnitnn
' statistics: Imports 157,000 bull, Amer
ican, i03,ooo; siock atz.uou, American,
720,000; forwarded 99,000, American,
78,000; exports 34,000, sales 25,000,
American, 12,000', quantity afloat, all
Mnfls, 090,000 bales; Arrierlcan, 481,000
i
'FINANCIAL NEWS
Day's
Year
nid,
Slock Market Mnlntnlns Firm
Tone Throughout Session
of Inactivity.
81
mi
88
94
01
120W
OS'S,
138 H
115
fiow
14H
05H
117
110
m
OJli
TRADING ISTHOFESSIONAL
Motors Are Strong Feature's,
kut Are Overshadowed by
Independent Steels.
Despite the high money rates ana ,the
usual week-end tendenoy toward. Inac
tion, yesterday' stock market main
tained .a very firm undertone through
out. The market wan even mqre In
active and professional, If anything,
than Thursday's, but there was not
much comfort In this for the bear con.
tlngent, for tho very good reason that
thoy found It Just, as difficult aa over to
force out real atoclc' Tho motor were
ngaln tho strong fraturca of tho trading,
but they were rather overshadowed In
tho aftornoon by the rteolg, that la to
any, tho Independent steels, and by
Haldwln Locomotive, which went to a
new high record for the current move
ment. All In all, however, thero was no
special change In tho character of the
dealings, It was the name narrow,
professional affair that has been wit
nessed nil week, and the only really
significant thing about tho trading was
tho refusal of the market to go oft In
the face of tho high money rates. But
If It did not go down, It was equally
unresponsive to the efforts, .of those In
terests who would like to tee prices go
higher.
The market did not pay any attention
to tho money situation because It did
not believe , that It meant nnythlng
special at tho present time, but It could
not advanco of course, even though It
had before It such burllsh considerations
as another Increase jn 'steel prices by
tho Independent producers, the prospect
of n favorable agreement on tho rail
road bill sonic time next week and an
Increaso In wages by tho Steel Corpor
ation. These considerations ordinarily
would have pent the Wall Street mnrkrt
skyrocketing, but with money renewing
around 12 per cent, and Joanlng as high
as 20' per cent,, there was nothing else to
da but let the market tako Its own
course, at least for tho time being. The
matter of steel prices was the most
Interesting development Wall Street had
before It, and also the most favorable,
for Walt Street felt that If tho Inde
pendent Interests raised prices that It
wis a natural Inference that the Steol
Corporation would also do no eventually,
particularly In view of the announce
ment In the morning papers of another
Increase In wages of 10 per cent. The
Bethlohcm 3teet Corporation's statement
was viewed favorably by tho speculative
fraternity, but It had little Influence on
tho trading on account of money con
ditions, Ths whole market waa so professional,
in fact, tlint it would ,
97
44,4
13P
S6W
2CD
C7
167
WW
19
ns
01 '
u
23
4
r,s
SI', 4
89
105 '4
120Ts
30Ta
44
28 K
S3
93
13
103
22
8M
2i
23
S4W
127U
92 4
&
142
54 M
23
31!
51;
83 ',4
09
18?s
3
8
40 i 41
3
52
91
62
;s,s
SO
H
30
102
12
85
225
99
00
S3
107
12
12
23
26
84
for Wall Street' to have paid attention
iu any consideration. The reason that
Baldwin and the iTlOtfirH fl (llQ niar1 ftn
sharply was bocauso tho whole Interest
of the speculative fraternity centred in
iiio issues, ine street lias long since
been convinced that fill mnhf atnW I
135
102
will lead the upward movement this
year, or rather that the upward move
ment will begin In the motor group, and
It Is taking no chance of aretttne- lefi. an
12
19
13
81 i
some big Interests did last year, when
tho market started on Its upward cam
paign. So far as tho rest of the list Is
concerned there was not enough Interest
In It to speak of. Steel common, for
Instance, fluctuated within a range- of
about a point all day. While the same
story was true of most of the other
stocks, except, of course, the Independent
S9
42
27
98
,90
165
314
81
80
'i9
96
steels, which followed Baldwin upward
In the final period of the session. Tho
rails Old nothing at all. notwithstanding
tho assurance' received overnight from
Washington to the effect that an agree
ment Would be reached next week on tho
railroad bill.
Thcr reason that money went higher
yesterday than on the day before un
doubtedly was on account of the extra
demand for money on Fridays. Inas
much as there Is no money market on
Saturday arrangements always have to
be mde on Fridays to carry stocks over
to Monday, This puts an extra strain on
the money market each Friday and
usually results In sending rates up abovt
the normal figure. Bankers were still
of tho opinion that money will, rule
high for the next fifteen or twenty
days, but In somo quarters It was
felt that there might lie a slight relaxa
tion next week. Tho foreign exchange
market was very weak again, with ster
ling down to a new low record for all
time and other rates generally lower.
There was a slight rally In sterling In
the last hour, but not enough to be of
any account. The denkness of the ex
change market -was very discouraging
In banking circles, but It had no particu
lar Influence on stocks.
77
Zo
79
104
57
88
no 'A
11
19
78
127
39
96
24
84
70
50
135
103
30
33
84
22
65
98
MONEY AND EXCHANGE.
101
68
31
58
CALL MONEY.
Mixed Collateral.
High 34
Low 12
Last 14
Itenewsls .... .... .12
Yesr'a high 20
Yesr's low C
All Industrials.
Hlgli 20
Lpw 12
125
W8
in 14
mewals II
41
49
12
8
24
39
47
37
65
87
Yfar's high 20
iar's low 6
TIME JOANS.
Mixed Collateral, f All Industrials.
Sixty days THISlxty day n,
Ninety day 'fclNlnety days SH
Four months iHlFour months S'i
Five months Tii Five months Hi
Six months 7'4Slx months ii
COMMERCIAL PAPER.
Prime Indorsed BlllslSIx months
Receivable. I Other Names.
Sixty day iMSm Three to six
Ninety dsys....SH05Hl months ..CHQoS
CLEARING HOUSE STATEMENT.
Clearing House exchanges, t;cs,ei0,73s; bal
ances, tS7.622.CM: Sub-Treasury credit bsl
ances, 172.214: Federal re.-irve credit bal
ances. S60.1U.4M:.
DOMESTIC EXCHANGE.
Boston, par; Chicago, par; St. Louis, 230
15c. discount: San Francisco, par; Montreal,
11.10 per 11,004 premium; Cincinnati, par;
Minneapolis, lCc. premium.
SILVER TRICES.
Bar silver In New York, ll.8(U. off Uc: in
London, 14'id., oft Ud. ; Mexican dollars,
Jan. 29.
Bid. Allied.
1. 50 8.75
112
9.10 9.00 9.12'i
10
82
6
16
9.00
9.12M
13.25
19.25
153.00
32.10
108
11.50
69
26
17
95
'57
78
70
47
9
8
37
73
92
49
39
28
40
71
18
94
61
27
99
88
99
21
74
34
43
51
11
103
11.11 11.37ft
S1M.UI
(5.00
11.03,
off Uc.
FOREIGN
EXCHANGES.
Prev.
p'oi1.
1.1 1
S.52ii
Sterling Hith. Low. Lsst.
Demand .. JS.5i lt.9; 13Mt
Cables 2.32 S.M'.S 5.51U
Francs
Demsnd... 13.22 13.!',
Cables 13 20 13.33
13.11
13.21
13.20
13.13
Normal
rate
of vxeb.
Yesterday's Close-
Demand
or Checks.
Cable..
13.51U
13 33
1.30
13.13 '
1.00
1.I3;
13.75
33U
43
!i
U
13.50
11.53
17.63
16.10
27
91
!1
11.30
t.o
Ask.
4.00
1.13
4.I6P5 Sterling ..
I3.50U
5.1J13
238
3.1113
Par!
Marks
nelgium
China
Hongkonr
Shanghai
Greece
Hoi I ml
India '
Bombay
Japan
Yokohama
Pli lipplne Islsnds
Manila
Daly
,andlnavls
Sicckholm
("ir'.MIania
Copenhagen
South America
Rio
Argentina (gold),.
Iluunos Aires
Spain
Hwltlerland
It lisils (Currency)
COO rubles
inn ruble...
13.30
1.29
12.17
1.00
1.(5
li.es
3SH
2'1
49
49
13.32
19 43
17.53
13.00
11.23
3.71
Bid.
19.24
40.29
32.44
49.lt
MOO
S.1I13
26.10
107
!(l(2
18
18
83
41
78
1C0
5..,
42.11
19.30.
6.IHJ
11.49
150
1.30
TIMK BUM ON WJSDON.
Bankers. I CommtrdaL
M days k..H.(.Vi!60 days ti ll
90 days .J.3.4IUIW dsyl ,1.41
NEW YORK, STOCK EXCHANGE PRICES.
Friday, January 30, 1920.
1920, 1310.
62,920
10,290,122 11,831,495
sales
to date.,,.
1517
0
'pen-1 tilth
Low
est. All.
in ,
Hales.
8H4
1
50
88 U
95
92
300 AJax ltnbber
300 AlttBlca dnld Mines.. , , , . .
1600 Allls-ClmlmerH Mfg
100 Allls-Chnlmem Mrs pf,-,,
100 Am Aarlcul Chemical ...
900 Am Beet Sugar
700 Am Hosch Magneto ,,,,,,
4700 Am Can
100 Am Can pf
1001) Am Car & Foundry
100 Am Cnr & Foundry pt...
400 Am .Cotton Oil
,4900 Am Druggist fiyndlcnto.,
1G0 Am li.TpresH ,..
CCO Am Ulan & Leather pf...
3400 Am International Carp,..
600 Am La F Flro Unff
2300 Am Linseed Cn
5400 Am Locomotive
70C Am Ship & Commerce,...
200 Am Bmolt & Hef
2C0 Am Hmelt A Hot pf
600 Am Steel Foundries
600 Am Sumatra Tobacco , . .
4900 Am Tel & Tot
200 Am Tobacco , . .
2000 Am Tobacco Sco
4900 Am Woolon
400 Ani Writing Paper pf ...
1Q0 Am Zinc. Lend A Smelt.
81
81
IT
IK
49
87
94
89
1
49
87
04
91
1
49
87
04
91
121
120
122
120
65
99
56
98
66
98
W
98
7
1381,4
12
138
138
137
115
110
7i
115
115 .
El
4
51
14
97
61
14
97
60
14 U
96V4
80c
1?
6
7
6
1
V I
U7i4
110
110
117
110
109
109
111 ,
14
85
14
14
14
84
98
25
68
98
44
91
99
260
07
BO'l
3
84
100
98
25
100
2514
08 4
98
44
25
us-a
08
98
45 ,
02 U
100
260
93
44
91
137
99
99
200
68
205
68
158
56
20
58
08
158
157
65
19
58
61
160
55
50
19
58
01
19
100 Am Zinc, Lead A Sm pf.
58
01H
svo Anaconda Copper
9fC Ann Arbor
2C0 Ann Arbor pf
800 Assets itcitllzntlon
700 Associated Dry Goods ,
400 Atcli, Top & 8 F ex dlv
100 Atlantic Coast Line ...
2S001AU. Gulf 4WISS,,.
61
10
24
12
25
10
24
11
24
4
1 .4
58
4
53
09
83
59
81
82
89
105
81
89
89
89
162
16C
121
10
163
8
93500 Baldwin Locomotive Wks
116
121
116
31
31
1062 Baltimore & Ohio
433 Daltlmoru & Ohio pf..
100 Bethlehem Motora ., .
100 Bethlehem Steel
14400 Bethlehem Steel B . .
300 Booth Fisheries
100 Bums Bros
100 Buttcrlck Co
500 Butte Copper & Zinc.
31
44
31
44
29
95
444
29
95 V4
43
29
95
98
98
98
97
14
108
13
13
106
22
10
106
231,
22N
9i
26
22
9
25
22
84
127
92
9
9
26
23
85
26
23
8414
128
600 Butte A Superior Copper.
400 Caddo Central O A It,
22
Ot'O California Packing Co., . .
85
750 Canadian Pacific
6f 0 Central Leather
600 Cerro do Pasco Copper..
11000 Chandler Motors .'
200 Chosnpeuko A Ohio
100 Chicago Qt Western pf .
100 Chic, Mil A St Paul ....
600 Chic, Mil & St Paul pf..
1000 Chicago A Northwestern
1400 Clllc, Iiock Isl A P.tc...
100 Chic,, It I A Pac 7 p c pf
lEOOjChlle Copper
COOjChlno Copper
127
92
127
92
55
93
56
143
53j
55
141
54
23
141
54
144
55
2S
54
23',:
23
37
52
83 1
36
51
36
36
51
83
52
81
83
26
20?
26
69
18
26
70
69
18
uu ;
18
13
3iV4
36
371
38
36
38
37
40
37
KVVH.OCU-V.OIU'
200
400
800
200
100
200
Colorado Fuel & Iron...,
Colorado A Southern .(
Columbia (Iruphoiihtne .
40
23
40
23
51
91
62
82
4
23
51
52
92
Colum uraphophono Pf..
91
'91
63
Consolidated Clg.i-
Consolidated Clglr pf...
6:
62
S2
80
18
82
82
30
500
Consolidated Gas
80
SO
1S;
30
88
SOOiCon Interstate Ci Mln..
300 Consolidated Textllo
200 Continental Can .........
ll0 Continental Can pf
400 Continental Candy
7600 Corn Products Hef
10600 Crucible Steel Cp
21 0 Cruciblfi Steel Co pf
5800 Cuba Cane Sugar
500 Cuba Cane Sugar pf '
200 Del, Lack A Western)
COG Denver A Bio Grande pf,
400 Dome Mines
18
30
81
19
30
30
89
103
88
102
12
R5
lu-ts
102
12
S5
12
-12
86
224
99
fU
223
227
228
99
99
50
S3
173
99
50
83
50
83
49
83
173
12
12
173
13
"3
13
12
24
13
12
25
27
12
300 Elk Horn Coal Orp..
100 Kmerson-Brantlng . .
100 Emerson-Brantlng pf
500 Kndlcott-Johnson . . .
200 Kndlcott-Johnson pt .
14l0 Erlo
3' 0 Erie lit pf
24
24
27
84
135
102
12
19
11
81
88
42
26
99
90
165
I 27
27
84'
86
84
136
102
12
19
14
82
88
42
26
99
90
166
135
136
103
103
12
12
20
14
19
lOOlErlo 2d pf...i..
14
82
90
81
1000
Famous Playcrs-Lasky
90
43
1300
1400
2600
200
300
1S00;
14500
400
Famous Play-Lasky pf. ..
FIsk Rubber
.43
iFreeport Texas
28
99
90
100
93
General Chemical Co pf .
General Cigar Co deb pf
General Electric Co. .. .'.
General Motors COrp .. .
168
314
166
319
312
82
General Motors Corp pf..
81
80
81
80
81
80
I960
General MotorB Corp deb.
SO
79
361.0 Goodrich, B F
1.00 Goodrich, Q F, pf
78
96
77
38
79
iovs
96
96
96
78
1300
Great Northern pf
Great Northern Oro ctfs.
Gulf States Steel
Hartnnn Corp
Haskell & Barker Car....
Hupp Motor
Illinois Central
77
38
300
38
38?i
80
107
SU0
100
900
1100
200
400
20C
1000
300
200
100
5200
500
78
79'
105
58
16
78
105
58
105
59
68
15
89
56
15
1054
88
56
83
56
88
Inspiration Con Copper..
56
3
11
4
12
Interboro Con corp . . . , .
Interboro Con Corp pf...
lnt Agricul Corp
int Agricul Corp pf
Int Harvester Co new. ...
Int Mer Marine
Int Mer Marine pf
International Nickel
3
11
20
4
11
20
20
20
80
80
128
40
97
24
81
81
129
129
129
39
97
24
40
39
97
24
96
900
100
24
120
Int Motor Truck
122
122
122
81
85
75
50
3350
100
Int Motor Truck 1st pf...
80
85
70
50
80
85
70
60
136
80
81
.70
50
2500
International Paper
100
International Salt
800
300
100
Iron Products Corp
Kelly Springfield Tire....
Kelly Spring T 8 p c pf . .
Kennecott Copper
135
4
8
o
136
104
135
104
104
104
30
37
85
1400
30
37
84
14
23
67
99
80
39
84
16
23
67
99
30
37
83
14
22
67'
99
1.20
6800
Keystone Tire A Itubber.
600
600
400
100
300
100
200
300
400
100
200
8800
Lackawanna Sttel Co....
Liggett & M Tob rts
23
68
Loft, Inc
Loose Wiles Biscuit
Loose WUos Bis 1st pf . . .
100
108
Lorlllard, P, Tob pf
Mackay Cos
Maxwell Motor
108
108
103
70
32
60
69
31
30
59
69
31
31
59
69
31
30
69
Maxwell Motor ctfs.
Maxwell Motor lstpf....
126
7
10
May Dept Stores
Mexican Petroleum
125
198
126
199
125
199
197
41
50
13
9
25
40
48
38
65
88"
1.20
15900
Middle States Oil
41
49
12
9
24
40
47
38
65
87 I
41
49
12
9
24
40
47
38
65
87
39
49
12
9
24
40
47!
33
64
87l
4
9(10
100
600
100
300
illdvale Steel A Ord
Minn A St Louis new....
Missouri, Kan A Tex
Missouri Pacific
Missouri racinc pf
Mulllns Body
4
200
3
800
National Acme Co
Nat Aniline A Chem
Nat Aniline & Chcm pf..
800
116
2UU
National Biscuit Co pf...
114
114
114
10
83
6
16
100
400
Nat Conduit A Cable
National Lead Co
Nat R R of Mex 2d pf....
Nevada Con Copper
10
84
6
16
10
84
5
16
10
83
5
100
1
1100
.16
109
10
5
600
New York Air Brake....
109
109
108;
69
26
17
96
57
7S
71
47
9
8
37
75
93
42
40
29
40
71
19
94
62
28
99
89
99
21
73
33
45
52
600
600
100
400
100
New York Central
New York. N II A H
New York, Ont A West..
Norfolk & Western
North American Co
Northern Pacific
Nova Scotia SAC
Ohio Cities Gas
68!
26
17
95:
57:
78
71
47
9
8
37
73
93
42
40
28
40
70
19
94
60
28
99
83
98
21
74
34
45
51
69
26
17
95
67
78
71
47
9
8
38
73
93
42
40
29
40
71
19
95
61
28
68'
26
17
95:
57
77
71
47
9:
8
37
73
91
42
39
28!
40
70
19
94
60
27
99
2000
6
4
400
1300
700
300
900
100
2900
800
(400
50c
Oklahoma Prod A Rcf...
Ontario Silver Mining....
Otis Steel
Pacific Development
Pan-Am Petrol A T
Pennsylvania It R
Peoples Gas, Chicago....
Pere Marquette
Philadelphia Co
Plerce-Arrow Motor
Pierce Oil Corp
900
700
14100
600
300
Pierce Oil Corp pf
700
Plttsburir Coal of Pa
3900
700
700
900
300
600
200
Pittsburg A West Va....
Pressed Steel Car.-
Punta Alegro Sugar
Railway Steel Spring...)
100
88
99
21
75
34
45
51
98
21
74
34
45
61
nay consoi copper
Reading
Reading 2d pf...
100!RepIogle Steel
100nepubllo Motor Truck...
25700! Hepubllo Iron A Steel....
lOOIRppubllc Iron A Steel pf.
27001 Royal Dutch Co
116'
106
107
114
103
107
116
103
107
114
103
107
71
8.70
18
18
700 St Louis A Han Fran..
18
18
18
19
18
18
2000
100
3700
24900
200
Saxon Motor...,
Bears-Jtoebuclt Co pf...
Shell Trans A Trading..,
Sinclair Consol Oil ,
Sloss-Shcff S A I ex dlv,
Southern raclflc
116
116
116
116
S8
41
79
87
41
78
99
88
42
78
100
37
40
78
100
l
4400
99
Cshttnueo on Columns 6 and 7.
GOSSIP OP WALL STREET,
Tho Ilrnke on thn 3fnrke(,
Tho money brake, clamped tightly on
the market, ereaked and bulged yester
day as stocks tried to move forward
against It. ' As on the previous day, It
produced a market the undcrtono of
which was Irregular and In which prac
191(1.
087,405
14,402,217
Dny's
Year
Clos.
Inn.
Ne
Change,
81
1
49
87 '
94
Mi
93,30
tically all activity was confined to tho 01,62
motor, equipment and specialty shares. 90,30
Other stocks, except the new oils, which (11. CO
wore hammered )y tho bears without 90,80
much result, were entirely neglected,!
Without n month's precedent of such 93,03
gyrations yesterday's movement of tho 90,38
call money rato would have literally 98,00
Beared Wall. Street Into a shiver, Yes- 08,00
terday It was a brakd on forward prog-
!
ul
i
120
55
98
188
115
1
60
14
97
Money "opened and renewed nl IS per, Uni,ed
117
110
cent, and ran up the scale to 20 par
cent, before 2:30 o'clock, the highest
U S 2i re
10..
14
84
figure It has touched ulnca December
Anstorrenrn '1
10 037s
1! OA
I i D0.I4
1 on
4 0o7
01 O.Vtj
31, when call funds loaned at 25 per
rent. Tho closo was at 14 per cent.
Kven this high rate did not prevent
friends of such stocks as Baldwin Loco
motive, Kcpubllo Iron and fitoel, Vana
dium Steel, General Motors and Chandler
from staging a demonstration and again
making tho day a storrld ono for the
shorts.
Ilnldrrln Locomotive,
One of tho market leaders yesterday
was Baldwin Locomotive, which moved
from Its low of 110 through 121 on a
voliimo of business which approached
tho 100,000 share mark. Ono of tho
r.ccullar features of tho market In Bald
win is that It Is practically all out of
town business, and In this move, at jcust,
tho play has been entirely taken uwny
from thoso generally Interested In Bald
win's fluctuations. Most of tho. orders
are said to have originated In Phila
delphia. Baldwin Is reported to be op
erating at the present time very closo
to its capacity. Railroads cannot wait
much longer to replenish their equip
ment needs and there Is believed to be
enough equipment business In sight to
assure leading equipment manufacturers
of capacity oporatlons for at least thrco
years. Baldwin, It must be remembered,
13 ono of tho corporations which have
considerable surpluses from war earn
ings to distribute among stockholders.
It has been reported frequently In tho
financial district that, like American
100
1
'
"
1
"
"'
1
"'
1
-'i
3 ,
4
4
frl
-"
1
1
u
25
08
93
45
91
99
260
68
n
so
71
10C4
50
19
68
61
iniyor nor
deaux 61
3 001s
dtyofLyons ti
10 Oats
11
24
vuy or Mar
seilles 0.
4
12
r
82
89
,165
wiy
120
31
a
8
10
4
O
'i
S
43
29
95
98
13
106
a2
25
unirraKinguni
10
1
13
i
30
fl
23
84
137
92
m
IVa
27
fl
17
4s
65
'Woolen and several others, it Is awaiting
14
a decision In the McCotnber enso involv
ing the tax 'on stock dividends before
proceeding with the expected distribu
tion. 64
23
36
61
83
ni
0.1
T
'3
1
, , Atlantic (iulC.
The confidence of the oftlclals of the
Atlantic, Gulf and West IndleB Kleum
shlp Company In tho future of the busi
ness of their oil subsidiaries was evi
denced again In the announcement made
yeatprday that the company was adding
to Its fleet of tankers and arranging to
charter others. Four of these vessels
have been ordered by the company from
the Sun Shipbuilding Company, all to be
delivered early next year, making In all
a total of fourteen tankers to be con
strutted for Atlantic Gulf for deliver
within the period of about a year. Op
erations of the oil subsidiary In Mexico,
whlla hamjiercd somewhat by lack of
shipping, will be pushed ahead, It was
said, and enough tankers chartered
pending delivery of the new vessels to
handle the business. Tho big steam
ships Slbney and Orizaba, which were
commandeered by tho Government dur
ing the war, have been returned to the
26
69
13.
10
4
51
18
37
33
umcanaaastti
1921
40
23
uom(naaa u
1921
52
91
62
1....
1C3I
1....
1929
1....
1911
82
80
19
30
S3
CblneseGovt 5s
2 4713
lsnaneselst(
12
85
226
99
3
"
15
50
83
173
Japanese
12
1..
1..
1..
32..
12
24
27
84
service of their owner, which now oper
ates seventy-one vessels In addition to
those belonging to the United States
Shipping Board.
2.,
Japanese
135
103
1 S
10..S30...8R
20 6S78
.1 to
fllj fiMj
fl !,VSA
2..C. ..70
20 SSI4
14 SS78
Tokyo ts
5812
NY Clty4)isflt
2 O3I4
1 03
NYCIty41s6
1 03
NY City(slS5
3 8S1j!
NY City 3MsS!
May
2 701j
Armour OJi
6 S3
1
Steel Workers Wik.
Tho announcement made on Tlmrs
12
19
14
81
89
'42
28
99
90
day by the United States Steel Corpora
1
"i
1
1
1
2
1
"
1
r.
1
tion that it would Increase llie wages 0:
Its' laborers 10 per cent, on February 1
led to much speculation In Wall Street
yesterday as to what the attitude of tho
Independent steel companies would be
on this proposal. It was generally con
ceded that with the possible exception
pf the Midvale Steel and Ordnance Com
pany all smaller producers would have
to pay a higher rate for labor, even
though they should not feel In a posi
tion to do so. Steel men declare that
165
314
31
SO
79!
96
77
there Is a grave shortage of good labor
in practically all plants In the country
and should wages paid by tho Steel Cor
38
79
105
68
15
poration appear much more attractive
to the workers than those ot the smaller
concerns the labor situation witn tne
latter would become even more acute.
Although very few smaller concerns
88
56
4
have announced their Intention to meet
the Steel Corporation's Increase, it Is
considered likely that nearly all of them
will soon do so. In the case of Midvale
the situation Is somewhat different, a
liberal wage Increasa having been
granted by that concern at the begin
ning of the year.
11
21l
20
80
129
77
106
101
39
96
24
132
4
11
122
Steel Prices.
Although It may be assumed, from tho
80
85
70
50
202
statement ot Judge Gary, that the
United States Steel Corporation has no
present intention to advnnco its prices
for steel products, thero Is a general
belief In tire Industry that the Inde
pendent companies will advance their
quotations within a short time. Many
smaller companies are petting fancy
premiums for their products and the
outlook for an excellent demand for
many months Is believed to foreslindow
higher prices. It appears to be the con
census of opinion in the financial district
that if tho Independent steel companies
advance their quotations It will not be
long before the nctlori Is followed by
3G
13
135
104
200
1
30
38
84
16
22
67
99
1
2
'2
"
1
"
1
-'
1
"
"
4-
v
4-
"
1
1
.
2
'1
1
u
1
90
02
91
32
121
67
40
108
69
31
31
69
194
11
2S
SS
20
the Steel Corporation, long the leader In
granting higher wages and the last to
take action on changes In prices, upward
or downward.
125
199
02
67
107
51
126
114
70
40
103
113
74
52
60
109
90
S
21
51
30
57
S6
11X
53
11
f,t
28
-73
41
49
12
9
24
40
47;
38
65
87:
llnm'merlnR the Little Otla.
Unsuccessful In their efforts to make
any sort of progress on the down side
with the motor and steel stocks, the
recognized bear contingent gavo most of
Its attention to the recently organized
oil stocks yesterday, but even In this
group had only moderate success. Mld
dlestatcs, Sinclair, Transcontinental and
the others which have recently come to
the big board bore the brunt of the
attack and," despite tho heavy assault
all Closed the day within fractions of
the close ot the day before. It Is
reported that the Waldorf crowd is still
heavily short on the market The slzo
qf tho short Interest In these three par
ticular stocks may be Judged by the
tremendous borrowing demnnd for them
In tho loan crowd. Kach day sees quite
a considerable skirmishing around for
loanable stock?.
114
10
83
5
16
108!
09
26
17
95
67
78
71
47
9
8
37
73
92
42
39
28
40
71
19
94
61
27
99
88
99
21
74
34
45
51
United Ilrlail Stores.
Wall Street had yesterday the story
that the United Retail Stores Corpora
tion was angling for control of Gllmer'o,
Inc., which has an established retail
srocery business In tho South. This
company has a chain ot wholiualo and
retail establishments In Winston-Salem,
Greensboro, High Point, Durham and
122
03!
II
of the
Reno
Union
elected
Lexington, N. C, and Danville, Lynch-
burg and Roanoke. Va. According to ; Company 01 uosion. ,,...,
the report Gilmer, Inc.. has ( under con-; X0
sideratlon plans for the opening of 1,000 iicit" M. Bouvler. first vice-president: D. S.
retail grocery stores In the United States, ilalehnrt. vlo-.pin.ldent: P. O. Fischer, vice-
Getting Home tbe Ilncon.
A large brokerage house with
nections m v-anaua nnus 1 iseii iacing a 0uan',y Tru,t Company'ha. Jt iued
peculiar problem of getting home the n edition for 1JM of Its book, "Bank
pronta of last year's buslness. Tho and l'ublle Holidays Throiuhout the World. '
profit!) amount to approximately 2)150,-, Central Union Trust Company has lieen
000, and at.the present rato of Canadian appointed transfer ajent for thn si.yo.ooo
exchange to get this money transferred of i "- lCp anr ' lr
Into dollars in a -New York bank will .C Sta been appointed
cost approximately $15,000. Tho firm 1 tfer aie nt of Continental Credit Cor
finds that it- can get 6 per cent, on the poration stock.
$150,000 for a year In Canada' and Is Liberty National Bank has been appointed
considering the feasibility of putting It registrar of Wanl La Franco Truck Corpora
to work there, with tho hope that It can tl w"1 f'' . . . .
h km.ohi hnm. next v.sr at a rm. Emest Smith b Co. hare orrantted a de-be-
brought home next year t con- , atil ia !ntifn aecurltles. Emest
s(derbly reduted cost Smlih, head ol the firm, made a trip abrosd
116
103
107
18
18
116
88
41
78
100
BONDS IN NEW YORK STOCK EXCHANGE.
Friday, January 30, 1920.
1920,
sales , , $15,140,000
to datn 343,010,000
1919,
(13,224,000
277,079,000
range: of libertv bonds.
Closing, Sales (In
Bid. Asked, Yield, SLOOOs).
Open. High. Low.
UMU 3,57 450 3fl (1932-47) ....
98,78
08,80
98.40
01,60
90,40
01.70
00,40
4,03
4,60
4.79
4,91
13 1st cv, 4s (1932-47)
91,52
90.44
91,56
90.50
9 1,7 J
00,70
91,48
90,30
I!, 51)
90,30
93,02
9Q.88
98,00
98,00
40 2(1 4H (1927-42)
120 1st cv. 4s (1932-47). 91.70
2,208 2U CV. 4s (1937-42).. 90.C0
., lst-2d cv.4s ('32-47) L ..
1,659 3d 4S (1928) .1 03,30
4,429 4th 4H (1933-38), ... 91.00
1,037 Vie. 4H (1923-23).,,, 98.08
2,305 Vic, 3s (1922-23).... 98,08
93,08
90,90
98.00
98,06
r.,27
4,97
6.22
4.21
93,30
01,12
98,14
98,10
S,1"' IY,rel" Government, Railroad, Induitrial and
Adams Kip 4s
Cties A O (Wi
Krlecvlswr I)
NO Tex As M f
... .101
1 07,)
.1 7lj
1 75
GKAQ joint (1
3 (WI4
5 0I7h
2 11434
3 041n
1 041
25 Oil,
7 II478
2 Dim
3 Oils
6 0424
15 OHi
2 04.1(
13 04l3
1 OCH)
10 0413
Chi Ot Wrrt 11
3 5.11s
1 ssia
A 55l8
5 55
0 M
CM&l'UjctBfa
3 fl3U
fl (VI
OMJeStl' CV Jl
C 07
OM At Strum
0s ,
2 75
1 78
C 11 As 81 i" CV
4 Hi
in 7ta
1 08
7 0734
C M A tit I' Id
(Ki
2 58
10 5734
Chllllt&Stl'd
1 07
O ll&Htl'deo
44
5 Mlfl
2 50IJ
j 58ia
1 50
Chi Mil i St P
O Si V W Ii
1 08
Chi M ti Ht P
IHs
1 no78
Otc ,V WrmH
2 OOI3
Chl& NWslfs
6 05
3 3814
I'Ia Cent cn Is
a At
8 6.1
,4 , ,n
Am Acr deli Cs
1 80
ns 6214
on 62
N Y Cen con 4s
a VI
Urn Elcctrlo 1
1 OOlfl
1 07
AlilBmelMcll&i
Great Nor (Ifs
fl 07)3
...I,, HI
1 B37
1 8
llud & M filK
12 07
1 SI.I4
1 HIS
N Y Cen deb (1
3 ,.77U
S 0.178
AtnT&T CV ti
10 ,087a
Cs rirnrs A
N ten
1 00
c u.iai
l...OS'13-irS
1 OMj
1 579a
10 5714
n uu
13 063a
15 ,00
NYC4StI.dltl
6 071s
A VOIs
7 571a
nr78
O.VIi
0.17,
O.M4
10 uu
4 R7I4
Hildas ManadJ
10 UOIs
J uu
fi 155ft
N Y Dock (
2 07
NY Oat r.U II
Asl'Ss
AmTAT clt 31
20 S2li
1 13:u
0 isia
1 s:
ill Centra svi
10 t)2!s
1 Otla
4 8II4
N Y Tel drh 9i
3 ,0314
1 O.llft
10 O.II3
. 1 3.1
1 0313
I0...T...H2
2 112
fl fill
3 017a
1 817a
iniiianaHieei m
AmTATrvdSi
1 02
001.
oo.i.
1 M
Inlerb It T rtf
AmT&T rlt 41
1 77l3
It IMS
l....i..903i
14 5013
16 50
10 501c
5 6OI4
25 60 (,
NYTolsnHKl
or Paris 6i
1 777a
i soia
1 Vi
2 77
8 SO
oi7H
02
OII9
0134
(Ills)
ni7H
Oil)
AT&Hl'CVII.
2 8OI9
JUCKJ
1 3..S30...S!
:i sola!
71 m
KYVntciirtr
I: Itoston (Vis
AT&HKKrnll
2, 6OI4
6 61-88
7 f0.1a
8, .630... 70-18
1 37
NorfJtWfvli
3U 77
ATlt Hl'adJO
stamped
interboro-Net
rnl trust M
1 10278
NorrolK w ii
2 781a
IMS 1121
3 6078
AtCoastl.lnelJ
2 70U
1 1778
047s
OS
947a
Z 17
10 ,0
10 nia
NorfAWPorails
l alt & GUM si
(ertincates
5 78lj
11414
017,)
04 3j
n S43a
6 171a
rortherare ti
4 SI
intrtRr ins.
no
4 7i8
NorStntesl'wr
Z 8418
0 !M7
2 OI1t
SI
..P4
1 79l3
Itttsser A
fi....
fl.. . .
... .
3(1,.. ,
1....
...S3
ini si aiannnsi
7 OJ
B ,,82l3
U173
1M3 rcu
0378
04
0J7a
1929 rns
...H.I1i
...M7S
Ont Pwr 4s
4 85
1 1127a
hsno Eorrr&i
OrflhortUne Si
. . .M
3 711a;
1 101
...S3T
2 71
Ksn City 80 Si
O......60
Ky Central (J
1 73
I.S&M3 41 102.'
3 8.1
LS.t MS s 1931
Ore Wash RllAs
2...
fl...
1...
Nav rcfls
04
. ,,B.l7a
0814
37g
. , ,H38
I mil
i U4
6fa 1937
II ti O Is 199)
2 02
Pac Tel & T Is
1 87.18
R7lj
S7is
S7lj
S7I4
a oiij
Penna ts 1911
a 01
l!&Ocv(Hi
1 001b
1 821a
l viia
1 0014
00
K2U
HI Ul
ChlKl&l'roNi
1 821
r. ,ont4
OOlj
2.,
..051a
4. 0OI8
Ionian vai 11
3 OSI4
6..
17..
7..
1..
4..
1..
. ...05l4
....03
...,0114
. ...M71
....0434
... B5
. ...fltll
..00
4 0978
nslt&u gold 4,
.1 Ot
. ,..S078
....001s
ixng isi run 41
1 no
2 119 1 2
...07J
...O.T?6
...Bill
...OSI4
Ealt&Oblo avjs
. . . .Win
v 2 ,.8I
renn Km (Hi A
Lli NnshnnOi
10 6OI3
DaltAOSWJtj,
2 701)
3 7018
1 Nirw
fl 100
LAN AKJt0 4s
2 70
I.cu.tN St I, 3l
in sua
1..
2 813s
Penna Ks I Ml
1 Oils
Chi 4: W iml4i
5 577,
t 67.1s
Chile CopDor7s
17 105
Chile Copper Si
2 MN,
1 705S
CCC.VStL (lis
cccis'tLgmu
1 8314
Col So est (lis
7 70
ComTablteo Is
2 80
Con Gas 5-yr 7
ilhca Issued
1 100
Climb Tel Si
7 8314
DelicIIudrcNs
1 78
Den & Rio a (1
3 C33a
Den & Rio 0 (1
5 633g
Erie cen 4s
2 40
fi.i 39lj
1 393,
3., 39l
7 3934
15.,s30...30
3 40
trie 1st con 11
3 53
15 52
. . .
41 70
lltOI'Llli
W Va is
1 5
1 6OI4!
0 01)3
10 ooia
llanbat ity 11
stamped
1 57
fi 02
I'cnm 44 1911
5...c...fcS
fere Marq 5s A
5 Ml
fl...f ...Mlj
1.... ...53
IScthStcc! K it
2 fllils'
Midvale nil it
a 4ia;
Pco i- E Ine
1 7.134
4 7.II4
i 07
Beth atl fdK fii
1 '.843.
11 n k lex (1
1 S'J
Ho K 4: Tex 2d
10 23l8
4 20
Mo l'ac Is 1023
1 01
10 001a
Mo Pac lis 1926
4 18
P lorlllard 7i
1 ,1091a
Pub Serr Oorp
ofN JK
1 6fll8
1. ....... 05
Reading cm (
13 701)
2 7038
2 79l4
RIArk&La 41$i
7 02
2 OII4
1 6II3
2 013j
1 731 j
O B41j'
2d(tst
uetu atl ss ni
723
O SH3
. .72ia
..723g
. .7214
7 so
Drarici, (.'op fe
5., 01
BS.11 liaii Tr V.
6 301a
Bkn Cn Kl 1st
3....:.. 02
atamtwd
2 02
( ent of Ga 9,
2 00
1 8UI4
Cen Leather 3,
1 9513
Cent Pacific 1st
1 7334
3 72
Cent"rac"jl$a
2 80
O tc O cv 3. (9
2 78
C Ac O cv Ois
0 7378
. .11
S 1 89
721,
4s
Mo Pac ts 19H
6 823a
Mo Pac em 41
1 56la
1 60
2 6OI2
Mont Pwr Ss
1 84b
1 85
NatRyMexlHs
I6I3 22
NcwOrlTer(sA
1 04U
1 03
4 8278
N Y Cen dehls
St LARockMSs
2 70
BtLoulsSW .Is
3 687a
StL & San) ran
Series A
1 6078
2..S30...60I4
11 57
BtL&SanFran
Series B
5 67.1
StL AcSanKran
Perlcs O
2 817S;
StLAs SanPran
adj J
fl..630...B91a
0 00
92ia
'3.
4...
12...
5!.!
1...
0,..
3...
..0.1
1 7
1 7373
. .02)4
..02
..9178
. 02
. .9218
..03
..02l8
!J., 530... 611s,
1 7334 Erlecv(sserA
CblDAQ rm 0 351 r
3 7913 ErlocvlsstT II
ChlBSQII13K' 5 34
.72ia 15.,
.337a
2..s30...69lal
NEW YORK STOCK EXCHANGE PRICES.
Continued from Columns 3 nnd 4,
,-Closlns.-, iDlv.l
nid. I Ask. ltaS.I
lOpen
I Int.
Hlrt-1 Low- I Clos
est. . est. I lng.
Rals.
21l
400,Soiithern Railway
SOO'Stromborg Carburetor..
23uOOPtudebnker Corp
lOO'Studebakcr Corp pf
1400'Stutz Motor
4001SuperIor Steel Corp
200 Tqnn Cop & Chem
21l 21
76 77
1051107
101 1101
134ll34
4SI 49
11 11
202!203
102 1193
192 U92
35 36
13) 13
21 21
76! 77
105 106
101 101
132132
48 I 49
77
106
101
133Vii
49
12
203 V-
11
200
10
2000'Tcxas Co.
200
100
Texas Co full pd sub rets
192
192
35
13
Tex Co sub rets 30 p c pd
Texas & Pacific I
36
14
203 '
000
100
100
Third Avenue
Tide Water Oil
205 205
203
200Tidc Water Oil rts.
I 20 I 20
20
90
25
62
93
33
122
67
49
196
12
29
SS
21
53
6S
107
52
300
Tobacco Ii'oducts
Transcontinental Oil..
Transue & Wins Steel.
90
90 (t
26
62
91
33
90
25
62
91
3900
23
600
62.
91
33
122
200lUnion Has & Paper.
2700 Union Oil
3125 Union Pacific
' 100 Union Pacific pf
200 United Alloy Steel
100 United Fruit Co
'100 United By Investment.. .
600 United Ity Invest pf
1500 United Retail Stores
2600 U S C I Pipe & Fdry...
200 U SOI Pipe & Fdry pf . .
300IU S Food Prod Corp
600U S Ind Alcohol
300U S Realty & Imp
6600IU S Rubber
100IU S Rubber 1st pf
100 U S Smelting, R & M. . . .
100IU S Smelting, R & M pf.
378001a S Steel
32 l
121
122
67 67
49 49
194 194
67
49
194
12
12
12
28
88
19
53
67
2S
SS
21
53
67
106
29
S8
21
53
07
107
106
51
51
51
126
Il26ll27
125
114
115
7li
47
105
113
75
52
69
111
92
8
),
53
10
60
S"
119
537,
11
62
29
74
123
S
6
114'
114
70
47-14
105
113
70
47
106
70
47.
3
105
113
10001 V S Steel pf ex dlv
113
200
10300
1500
100!
1600
300
Utnhi Copper 74
74
53
71
110
01
8
22
52
10
60
S8
118
S2
12
62
29
74
124
93
74
49
69
Vanadium Corp 49
Va.-Carollna Chem 70
Va-Carollna Chcm pf.... 110
110
Va Iron. Coal & Coke. ... 88
88
8
22
52
10
60
87
WabasH
Wabash pf A
400
100
S00
100
1300
wells Fargo Kxprcss .... n
Western 'Maryland .....( 10?;
Western Pacific pf 00
Western Union Tel 1 87U
400
Wcstlnghouso Air BrakeJllS
115
COO
1100
Westingliouso K & CM . . .
Wheeling & Lake Krie. .
53
63
11
61
28
74
12
61
2S
74
121
92
1700 White Motor
39t0!Wlllys-OverIand
40C, Wilson & Co ..
nOOiWoolworth, F W :..
SOlMVorthington Pump
I'.i
9.1 I
92!
FINANCIAL NOTES.
soveral months as;o to study European econ
omic conditions.
Irving' National Bank has lsued the fifth
edition of its pharaphlet. "Practical Ques
tions and Answers on the FederaL Tax
Laws."
Seth Barton French, formerly of nerrlck,
Borr & Co. and Kean, Taylor & Co.. and
Arthur S. Kittle, formerly of Kean, Taylor
& Co., have formed n partnership under tho
name of French & Kittle to deal in invest
ment securities. Their offices aro at 120
Broadway?
Seaboard National Bank has lust published
a trust service booklet 011 the opening ol
their trust department.
O. Humphrey, secretary and treasurer
Union Land and Cattle Company of
and secretary nnd treasurer of the
Wool Company of Boston, has been
vice-president of the Old Colony Trust
president: r . lirnuriiKfun, vu-iutj ,
R F. C. Benkl'cr, assistant cashier: O. 8.
Mason, assistant caihicr; V. Wllkonlnir.
assistant cashier; L. E, Zietener, trust ol-
It. M. (Jrsnt & Co. have Jmt
Phlet -ho ins the sdrsntagei
Statu Income taxpsjers to buy
Am.r-i,i.
. PJudd f to
11 jiews 10
cl.es nho
cr .cff ioru commanuics.
show ine aciuai
ous income tax
bonds.
II. I). Wsrren & Co. are
Issue nf fire year flrst lien
convertible gold notes of the
llefllnlns Corporation and are
scrlptlve circular describing those notes, which
are being sold to yield spproximstely 7.(33.
Charles O. M. Thomas vrss elected vice
president of the Consolidated Gas Company
yeaterday. Benlamln Whlteley was named its
tr.ssurer, and llcary M. Brundaga its iccre
CAR SHORTAGE IS
HOLDING DP TRAM
1918,
$4,995,000
113,236,000
Net
Ifolnllcrs and Manufacturers
Suffer Through Trnnspor- I
tatlon Famine.
Last. digs.
98.40
01.60
90,40
91.60
90,42
.40
.02
93,08
90,90
98,00
98,10
.24
.10
.00
.04
DEMAND IS INCREASING
J Uuslncss Honoris Indlcato Tre
Other Bond..
mendous Call for Textiles,
Sny Hovicws.
BlLiRinKran
incoj
2 41
3 4II8
8... ..,.41
1.30,, ,401s
1 415a
Stl.aw con 41
fi 61
h flHa
fill' 114 U 4l4
1 001s
Retail trade ns well as output ot
manufacturing centres has been held
up noticeably In tho hint week by car'
shortages, extremely cold weather an'd
tho Influenza epidemic, nccordlng to the
weekly trado reviews, Notwithstanding
tlioba conditions demand from jobbers
In the Wost nnd mill agents In the
K.ist for- raw material and manufac
tured productH Is Increasingly heavy.
Ksneclnlly Is there tremendous demnnd
SonAiAI'Mili
1 671a
Seabd A I, a lj
13 3OI4
Seabd AL ref (
16 48
Boulhl'ncrv i
11.
..103
.'!...,
1.,.,
6...,
a....
..10318
.,10314
..1027a
. .10214
for textiles, I ho trado reviews Indicate,
wllh nil of the uncertainty In that line
17,,,
,I02.Vi
Having practically uiBappouixii.
Tho condition of tho money and ex
change markets nnd tho tendency to.
ward donation has not been without
effect on tho Industrial and mercantile
world, Not only has tho depreciated
stnto of foivlgn currency affected very
unfavornbl, If It has not entirely
stopped nearly nil foreign business, tint
20, S30.,108
10 103b
(MithPacrv (1
3 7013
2 70I4
1 70 Id
foilth I'ac (s ,
10 70
fcutbl'kcirrii
2 7134
3 701a
1 70.14
7 701a
thero has been a growing tenuency w
ward complaint of Interference with
American export trade.
RratUtrerl'a Stalo 0 Trade, In rovlen.
Ing the situation, says : "Car shortagei
wintry wenther and the prevailing W
lluenza epMtmlo have been responsibly
for n slowing down In romo lines d
Industry, notably coal mining and lro
and steel manufacture, a slight shndlnj
in reiall buying nnd slightly more taid
collections, but against theso aro to bo
eet 11 much moro confident tono In buy
ing from Jobbers nnd wholesalers and a
practical disappearance ot the uncer
tainty noted liist week In primary lines,
especially texllles, .which havj Bold bet
tcr both at the Dnst and Vest under
the spur of active buying alike for spring
and fall. Of the unfavorable elements
noted, tho car, and u some sections, the
BoPacfUMeMs
3 721a
fculh Kytmd
1 59
1 f.8l4
5 681a
Texas Co cv cs
3 103
TlmdAv tef (s
1 48
TJnl'ae 10-vr i
1 1011a
1 10114
Cnionl'aciac 4s
1 82
2 El 61
Onion Pac cv ii
1 80lj
fi Sriu
Union I'ac ref ((
in ;74l
8 74U
United RylnvSi
power shortago shown on most railroads,, j
Is apparently the most serious. -j!
id 7.1
3 72H
fi 7Jla
Fuel Shortnco I Avntr,
CM Realty I n
6 781a
1 . . , , . , 783.J
2 ;n
1 783j
"Shortages of fu?I have become acute
at largo Iron and steel centres and th
short or Irregular supply of coal an
U S Rubber 7s
coko constitutes a dras r,lllt on produ
tlcn nnd shipment because lack of usu
1 102
U 11 Rubber Si
car Mippiy airo prevents shipment c
1...
.S018
Iron and steel, mill manufactured prod
net., which aro reported piling up. ,
"Lumber and other building material.
8...
18...
...,80l8
....86I4
....8818
....80
....sola
....80
....817a
1...
1...
3...
U...
also eol the effect ot cnr shortages and
the north Pacific coast lumber men areJJ
leportcd getting dizzy prices for product!
16.,
wnere deliverable, Western flour mills
are checked In whipping their product, n.4
UKHmellliisl.i
2 104
C 10334
1 10.13a
well ns In getting wheat, nnd tho moveJ
ment of corn and other grains from thiJ
U H tied sf Si
farms has been greatly retarded also,
fi S15...97I3
with some effect on collections. Tho 1
Influenza epidemic t subsiding at som
1...
2...
,.08
...9778
...98
,...977S
...98
, . . .0734
, .. .971a
western cities, but gaining at other
largo manufacturing centres, with s.
natural effect on mill and shop, output.
Wintry weatHer has had a slowing effect
1.
fi..
2...
Utah Power ii
1., 8t
VnlbnCiC is
upon city anil country trade liast and
; 1
nest, ana lias helped to make car sup
OlV. nnd. thprpfnr,, tlilnmanf. r.f
821a
maiiuise to aistriuuters, slower th
hoped for, but tho main trouble In tra
portatlon matters Is the nbsolute sho
ago of rolling stock und power on t
country's railroads."
Jim's Jfcufcio says; "Recent outs'
Ing economic features have not ap,
In industrial or mercantile dew
ments, hut rather in the sign1' 1
movements in money and exchan
kets. Action toward credit detia
which the raising of rediscou..
and the tighter control of bankln
have been a reflection, has a hlg
portant bearing on tho general ,
situation, present and future. 1
continued demoralization In foreli ,
chage, resulting partly from tho p
of financial liquidation, ia also 1
reaching Influence,
Report Interference With Tral
"With the currencies of leading Euro
pean countries depreciated beyond a'l
precedent commercial Intercourse bv
tween nation:) Is rendered difficult, an
In some Instances Impracticable, aim
complaints of Interference with Ameri-t
can export trado are not uncommon,
While the predominating condition with
domestic producers and distributers re
mains ono of Inability to fully satisfy
all requirements, yet signs ot hesitation
In forward commitments are not wholly
absent, and the question Is being moro
frequently asked as to how much longer
the rising price trend Is likely to con
tinue, and whether elements are not nov"
at work that may before long bring thr
Inevitable reaction.
'That advances in Dim's list of whole
sale quotations this week are fewer In
number than last week is not neces
sarily nn Indication of a definite check
to the upturn, and it Is conceivable that 1
prices of somo commodities for which
the demand larsely exceeds the avail-)
able supply, such as Iron nnd steel and'i
textiles, may go still higher. Yet a
price of some $18 a pound for raw silk
to clto one conspicuous example ot Irf
flatlon, has not been established with
out causing an Increase of uncertainty
and conservatism among manufacturers
of finished fabrics, rjnd doubts aro ex
pressed In other quarters where produc
tion costs havo been further enhanced
as to the ability of the retail trade t
pass on to consumers fven moro ex
treme prices than have lately been wit
nessed." Wabash 1st
1 89
1 S878
1 8S3j
WestPacWc 1st
82ia
10 8134
fi 8II3
2 8218
Wllson&Co 1st
2 9S
Wilson & Cocv
3 9134
1 04U
Wis Central 4s
1 0013
Net
Chaati.
1
"
i
ii'
203
193
192
36
13
205
-51
I 20U1 -
90
25
62
91
33
121
07'fi
1 74
j
4'
49
194
12
2S
SS
20
53
67-
107
51
126',!.
114
70
47-
103
113
74
52
69
110
91
8
l3i
IV
4
1
6
I'riinaylvnnla Crude Oil Market.
On, City, Pa., Jan. 30. Credit bal
ances. $5.25; runs, 69,030; average, 49
031 ; shipments, 42,681 ; average, 41,07,9.
B0ST0N AUCTION RESULTS. ,
10
60
87
118
53
11
62
29
74
123
3t
(I'mnl.lieil by Richardson. Hill & Co.)
2 First National Bank. Boston, 100-590.
10 Ilishti Fourth Atlantic National Bank, 22.
3 V. S. Worsted Co.. 2d pref., Sl-'i.
2 M.Ksachu.etts Cotton Mills, et. dir., 1MJ.
10 I' H. Worsted Co , 2d pf., SJU.
10 Everett Mills. 220.
27 Mass. Cotton 1U1I. ex. dlv,, imii-.
1 Wectamoe Mills, liWi.
3 Naumkeag Steam Cotton Co., 22.
2 XaumVeae Steam Cotton Co.. 210.
4 Ne.shua Mff Co.. common, 260Vi.
23 Naumkeai Steam Cotton Co., 210.
2 Dsvls Mills, 278.
5 Orinnell Mr. Co.. 223.
10 City Mfg. Co (ex. div.). 226V4.
5 Saco-Lowcll Shops (ex. dir.), 225.
5 Walter Baker Co., Ltd., lli.
4 Merrlmac Chemical Co., 95.
3) Herschell Splllnjan Co., pf., S5.
7 Union Tirist Drill Co., 27Vi.
10 Regal Shoe Co. pf., 90.
1000 American Trading Co., 200 lot.
27 Rights Fourth Atlantic National Bank,
255.. ssn.
M International Trait Co Boston.
Rights (icsnold Mills Co., voUus trust, 2TM
-
- 1
93
li -
a,
i
1
4
Issued a pm-, . i'i.i vsll. Mrr Co J!3
for New York ' inJ. tz As.orlat'es 152
municipal bimdi
""; 5j ow Jlfr Associates, isji,,
r.0B,Cn"ih.r.,iliM Wn. -two Mill. pf.. WIS and dlv.
person in tne rarl- v.irfhamntnn Ht ir Co s
purchase munlclp.l I SjKvSSir Co. prl. & dlv 1. 101H
a ensrt In
9 Lawrence (.as c. Jn,
7 Cambridge Cas Light (
dir.). 10O.
offerlnff a n.w
Ight Co.. 1(3',.
collateral tniit ; 132 Cambridge (las Light Co., 1(1,
Iji Porte Oil ami -5 Vail River (la
as Light Co., 160,
Issuing a de-i;n Botton Wharf Co., M'.i.
11 Collateral Ixan Co.. 9S.
1 Mcrrimac Chemical Co.. 91JJ. J
5 U, S. Knvelopo Co., 23SK.
1O0O Minneapolis General Klectrlc Co. ts, If
ZOO Am. XtJ VUUT. W Alif, WW, MI JB
1 Event! MiUs, VX.
J
A-

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About The sun. [volume] (New York [N.Y.]) 1916-1920

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The sun. [volume], January 31, 1920, Page 10, Image 10
About The sun. [volume] (New York [N.Y.]) 1916-1920