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w 116 Manual of Sugar Companies We have prepared a handbook of the leading producing and L ' refining companies, which presents in convenient form figures on financial position with description of property and management. We suggest that investors interested in sugar se' purities make application for pamphlet No. 107, t Iv'c invite your inquiry on A Acadia Sugar Caracas Sugar Centra! Aguirre Cuban Amer Pfd. Fajardo Sugar Federal Sugar Voilv Sugar National Sugar Savannah Sugar New Niquero South Porto Rico 8% Preferred West India Sugar 8cf Preferred Atlantic Fruit Co. lc{ Debenture* Cuban American 6'"o Note* FARR & CO. Brokers in raw refined sugar 133 Front St. (Cor. Pine) Telephones John 782-783-5275-5276 Investment Specialists in ! Securities Sugar Stocks You Can Buy Odd Lots H ; I | any active listed stock, in any amount from One Share Upward on the Partial Payment Plan On this basis you can buy I -fire times as much stock as for cash outright, thus anticipating your ability to save over the next year or so, and taking full advantage of prevailing high investment returns and relatively low prices. Write for our Booklet Thrift' Savings-Investment, explain- | ing in detail cur monthly payment requirements and list i of Investment Suggestions. | Sent free upon request for Circular S-20. 66 Broadway. Neco'tbrk 4 Telephones.Rector 4663-4 fIL ; We Offer r 1 Investment and trading ac- | counts a highly organized service. rI Important news bulletins and stock prices posted throughout market sessions. "FINANCIAL FORECAST' mailed gratis. This veck features: Central Leather New Haven Railroad j i Skelly Oil Company Producers & Refiners Westinghouse Electric Correspondence on investment and speculative securities receive I individual and immediate attention. Special reports on .any ac- i tive securities sent upon request. I.MSWOIFESICO. y k'STAFLIS hiED 1D06 41 BROAD ST.. NEWYORR. Plrone Drtoiul 23 | Weekly Market Letter I Upon Request tea? ?ATabl:sheo iocs I Members NY Curb Market Allan. | ? BROAD ST, NEW YORK* Telephone Broad 7171. [tandaro NF.W 0 MAII.KD F.DITinjI I FRKE TTO* OKII.T jT KF.QCEST HH.PFOR7HF.i<VIER&CO. HlW M l 4 Hrnail. 23 Broad -? N. T. ^ETt! A Trac Com. &. Pfd. Got &. Elec. Com. & Pfd k Pr. & Light Pfd. Ry. Lt. A Pr. Com. & Pfd. RP.F.McConneli&Co. Mrmkrn N. V. Mlo'k Ftrhmnf | It'iraj, N. V. TH. Rowl. t.rrcn .lOW-IA ~ Railroad Bonds *: i < ircultir ' i rrtjuffi. HALLE & STIEGLITZ I '(: 1 Mitmlttr* .V. > ? -A .S'Oi-A. 30 BROAD HT.. NKW YORK Atlantic! City naltlmnr* "t , Long Term Bonds ?>cnd /or RiH-oiiunenilationi. I BLODGETT, HART 4 CO., Inc. 1115 Broadway, New York E Uoktiiti, Ciilriinn, I tn nl llutlulo. 11 i*r<? I'rivat? li n e*. CENTRAL UNION TRUST CO. of Now York. ?0 Broarlway. ItRAM'ltK* Mh A*rnnt> at itoth Strrrf Ibilnin \vrntir Of Unit Strrct Capital, Hiirpln* nnd litdMrlrd froflt* $00,000,000. r * ^ STEEL HEAD URGES ' BIG FOREIGN TRADE James A. Farrell Says It Must ; Be Encouraged or Country Will Suffer. j SERIOUS EFFORT NEEDED National Council Reelects Old Officers and Defers Action \ on Jones Bill. I < Expansion of foreign trade Is the remedy for business depression caused here by decreased domestic demands, Jamos ' A. Farrcll, president of tire United States Steel Corporation, told members of the National Foreign Trade Council, which met yesterday at the BUtmore. "In every business there Is a part of the production, roughly estimated as the last 20. per cent., which cannot remain unsold if the first 80 per cent, of the 1 sales are to prove profitable. Remove this last 20 per cent, and the whole op| eration will cease to show a profit. So I it is with the present productive capacity of the United States; a certain volume of foreign sales must be maintained or the industry of the country will suffer throughout. "In recent months we have seen various degrees of depression In our business, resulting largely from decreased domestic demands. Such a depression might in part have been avoided had our producers shown more desire to add the demands of an understocked world to those of local markets in the United States. Quite aside from the development or new outlets for our products, it must be evident that tho use of many markets must tend both to diminish tho risk Incidental to the use of any one market, and to supplement the seasonal consumption of one country with the dissimilar seasonal demands of other countries. "These considerations speak strongly of the need for a permanent American foreign trade. But such a trade cannot be secured without the serious effort of our business men They must be Induced to equip themselves for foreign trade; to devote some portion of their products to foreign trade, and to demand of the Government that willing support of legitimate enterprise to which they are entitled. Other nations are older In the field; some control cables, coaling stations, harbor privileges, banking facilities, railroad and shipping systems. It is doubtful whether private American enterprise can at this late date obtain similar facilities unaided. "If, however, we can obtain from the legislative and exceutlve branches of our Government an understanding of those problems with which we are faced, I am confident that the American business man can meet this foreign competition. If he only appreciates the real need for foreign trade which this country is now experiencing." Exemption of American citizens resident abroad from the Federal Income and excess profits taxes was urged at the meeting. An Investigation of the situation was decided upon. The council voted to defer action on the Jones shipping bill, as It was declared Impossible to tell how it would be administered until the President had appointed the five remaining members of the Shipping Hqgrd, which at present has a membership of but two. A subcommittee on the bill consisting of Mr. j Farrell P. A. S. Franklin, Welding I Ring. Henry Howard and Hendon Cubb | was named. Cleveland. Ohio, tofts selected as the placti of holding the; Fllghth National Foreign Trade Convention next spring. New Orleans, Philadelphia and Boston sent invitations. The old board of officers was reelected. WORLD TRADE BODY! TO AID COMMERCE I.A. C. Bedford, Officer of InterI national C. of C., to Attond First Areotins:. # * j j A. C. Bedford, chairman of the Boor<3 j ui uireciorn ui mc oianu.n n v>? ' umpany of New Jersey and vlcc-chalrman of the International Chamber of Commerce, sailed yesterday on the Cunard liner Mauretanla to attend the first meeting of the latter organization in Paris on October 11. Mr. Bedford said the new body was the "practical expression of the conviction of business men of the five key countries who were allies during the war that some central International commercial body is necessary to facilitate the commerce upon which the destinies of the world roat." He said the fact could not be overlooked "that International disputes are almost j invariably the fruit of Jealousies arising out of international trade rivalry." Mr. Bedford said further that It was 1 his firm belief that "freedom of trade j and equal privilege an i opportunity i without the menace of restrictions on ! Imports and of Government control or ' monopoly are essential to world accord, end that one of the methods by which future financial cooperation between Europe and America can be realized Is by having our people Invest their capital. brains snd onergles in European ' enterprises. Just ns Europe has done formerly In ours, to take pot luck with them In realizing succeed." Jesse Issdor Straus of R. H. Macy & Co.. who will visit the firm's offices In Paris and Ixmdon. "warned dealers and holders of large stocks to prepare for the decline in prices, which he declared was surely coming. "The downward trend has begun," he said, "and let us hope that the liquidation will he grad uauy nwinnui'-q. i nopw wno noin stocks must accept the situation nnd not try to oppose it tt Is fair that the consumer receive all possible benefit on the down grade, tor he paid all the advances on the up grade." 'SCHIFF PARK' PROPOSED. The Ttowntown Chamber of Com- ! merea. an east side business men's organisation, made a proposal yesterday to' name the -jmrkway 'n Delancey street from Hotvery to the tVllllnmshurg Prldge "Schlff Park," In honor of Jacob Hrlilff. Notice of the action was sent to Mayor Hylan and the Park Commissioner. Kast side mothers take their children to the parkway for airings durlntrtho summer. PKWJTSVLVANIA OIL MAItKF.T. On. City, Sept. SO.?Credit balances, fSlO; runs, 110,382; average, 00,(41; ehlpmenta; 68,719; vcrag^ 37.3D6. THE MISCE! snonx rr:::>i notes.\ / Security. !i Lj j... r.id. Asked, r AmCottonOUCo.t. 2,'21 '.12 oju AmChJdiaCo. . . .0 ' 22 04 V 0811 AraChlcleCo.. . .0 ( 1 > 00 ik) 1 AjnChtctoCo. . . . 0 ?.. ,S7V 01 V AmTel&TelOo... 8 Oct. 1 i_2 0-1'4 05 ? AmTelATolCc... .. F.-u. 1024 ?2** 1 AmThreactOo.. .. a I n?c. 102a 03 95 AniToliaccttOo.. .7 Nov. 1920 00 V 100 , AmToliacooCo.. .7 Nov. 102J 90V100H t AmTobtMX?Oo.. .7 Nov. 192 2 99 K OPyi I AmTobaccot'o.. 7 Nov. Ill2i ?!"/ I Anaconda<"im('u.i> Jin lurj 01 U 92.V Ang-AmOllC'ol.t 7J| April 1021 00on '<} I AnnourACoconvo Jo 13/20^4 04 ' tw ; yflnonr&Co conv7 July l.\'?o 95V 90 I BtthStoelCopp.. .7 July 15,'22 97 V 08 W | UetnStoiKJorp.. . 7 July 15,\"1 f.fi'. 07V ranPadHoRwy. .0 M#r. 2,'a-l 04 04 VJ | < en \r8vntlnuRy.a fab. 1027 84 80 I '?B,"!<VKAlJoin<') A July 1021 (<5V 00H I ChllUAi'acRfo.O Feb. 1022 03 05 I ' ' > .v-iu .lt} I II I> July 1U29 87 H CubOSugCo oouv7 Jut!, lu.io o^.'j' nJ't Oudl'aekCo 7 July 10.'23 07 >j 98>? FederalSugROo.. 6 Nov. 1024 03 05 ThoHFOood conv7 April 1925 02 1)2 44 tJulfOIK'orn.. . . 6 July 1.121 07U 08>j GulfOlll urp. Jul. 1 >22 OO'a 07 U QulfOllCorp ti July l>'23 '.*-11>5>4 HoekVidleyRR. .0 M nr. 1024 00 03 JntRapTCo eonv.7 Sept. 1921 03 >*l-i KhuC'TitHvCo. 0 Nov. 15,'23 04?i'. 06 KniulPcottCopC!.7 Feb. ltl.10 02W 03 Ij LncGI.ColArof...7 J.>t . 1020 00 I.1kA:.\I> crsTbC o.O lu-c. i021 07 Jj 08 Vt Philndolphlaf o. .6 Pro. Is22 02 "3 Jtj I'ennsylvanisiOoAK Juno 15.'21 07Ji i'B'-t PrucAGamOo ..7 Aior. 1021 l>'.jSt 100S* ProcAGamCo. .7 Mar. 1'>22 00?-< 100 ProoAGamC'o 7 M;.r. I.>23 Wi-i 100 PubSC'afNJ conv 7 Mar. 1022 85 S6V4 RJHnldsTbOo.. .6 Ans. 1823 ' <!'? ?" HincldlrOonsOUC May I.*..'25 01 H Olyj, HouthernKwy . 6 Mnr, 10,'22 85 .*? 9SK SouthwgmBTolO 7 April 1025 03 03 J* StPCriDp gu?r.. ,5H 1> C. 15.'23 ' '3K 03_ StviftAC,, li \u-'. 1V-'1 88 M 08? The'l cxiuiCo. . . .7 Mnr. 1,'3-i 08Ji '. 87k I'SRubberCo. . 7)4 An". ' 07 -4 08K I tiibSorurCorp.. a s. pi-. l.'>.'22 .-2 , 84 , 55 UitKlecCocav. 7 April 1025 08 Ji 'JS)y PUBLIC UTILITIES. Bales. High. Low. BUI. Ask. | 535 Cities Service. .i5 285 202 207 lOtlO Cities Serv pi. 110 . 01 i 60 010/4 | 943 Cities S pf B.. 5", i 5% 6>t '21143 C S bank ehs.. 34 14',-j 14V4 85 58100 C S deb B 130 115 131 140 48000 C S deb O 06 05 05 07 485 Em G A F pf.. 84% 54 84 80 Bid. Ask. I Bid. Ask. Adir PAL. 13 1? lEOSFCo do pf.... 70 75 C% convt Am L&T..120 130 nts 1024.. 84 86 do pf 83 86 do 8?0 pf Am G&E.. 87 89 s'.o.-k 81 80 do pf.... 16 38 Fed 1. & T 6 9 Am P&L.. 45 50 do pf ... 40 45 do pf 65 68 G A P Sec.250 350 Am P U.. .. 20 do pf 75 83 do pf 30 N On I I,t.. 10 1454 Am \V W. 2 3 do pf 44 ?S do 1st pf 40 45 N O Eluc.. .. 18 do par pf 4 7 do pf 55 Appalach P 2 6 N St at is P 29 32 do pf 13 18 do pf.... 76 79 Car PR&L 26 28 Rep JUL.. 7 0 do pf.... 85 95 do pf.... 27 31 C States E 7 10 S < 'al L'rtl. 79 82 do pf.... 42 47 do pf.... 92 96 Col I'otver 7 9 Std G & E. 12 14 do pf.... SO 90 do pf 35 37 Comwealth TeniiRI.il'. 1 3 P R & L. 14 17 do pf.... 1 3 n pf 30 39 En I. A II 16 19 E OAS pf 79 85 do 1st pf 54 56 Em r>E pf CO 70 West Pow. 18 20 Emp G&F do mv pf 60 63 1st * coll Os 1926.. 92 96 STEEI. STOCKS. Bid. Ask.I Bid. Ask. Am Brass.. 192 196|East Steel 60 Atlas Pow. 140 150! Emp Si I. 30 35 do pf 78 78 do pf 73 89 Bab A WI1. .106 108'Here P. 203 216 BlUa, E W.279 2251 do pf 92 94 do pf 85 Nlles-B-P ... 86 89 Cnrb Steel.. 55 60' do pf 95 do 1st pf. 88 lOOiBeovill Mf;:..170 400 do 2d pf.. 35 65|Thomas Iron. 40 45 Colts Arms.. 49 51 Winch Corp.400 4"<0 Du P Pow..220 228|Woodward... 50 53 OUT ( BOSTON. | MINING. Sale*. Open. High. Low, Last. 5 Ahmeek r.7 .",7 ^7 .">7 2n Allou-/. 2.;% 23% $?% 23% - ? Arcadian Cons" 3% 3% 3% , 120 Anaconda ... 52% 52% 52% 52% ino Aria Com !i 0 0 ? 120 Cat & Arisi 50 r,ii 55% 55% 37.5 Ills Hi-art so; S% 8% 8% 21 Cal & Hecla. .27"! 280 27ti 280 400 Carson 21 21% 21 21% 25 Centennial ... 0?; 0% 0% 0% 70 Copper Range 35 3.5 84% 31% 102 Davis-Paly ..8 8% 8 8 10 Inspiration . 45% 45% 45% 45% 200 Island Creek. 54 54 54 54 15 Islam(1 C pf. 75% 75% 75% 75% 455 Kerr Lake... 3% 3% 3% 3% 50 7,asa!le 2% 2% 2% 2% 08 New River... 37 40 37 40 50 New River pf. 95 95 ' 05 05 102 Nlplsslng* ... 0 0% 0- 0% 285 North Butte... 15 An 14% 14% 50 Osceola 37 37 30 3(1 20 Quinsy 45% 45% 45 45 135 Seneca 15% 15% 15% 15% 43 U S Smelt pf. .44 44 4 1 44 650 Utah Apex.... 2 2 2 2 15 Utah Cons 0% 0% C% 0% 300 T-'ah Metal 1% 1% 1% 1% 10 Wolverine 13 13 13 13 RAILROADS. 10 Bos S- Albany. 120 127 120 127 113 Bos Kiev 63 03 62% 02% 05 Bo:" & Ma I no.. 38 38 38 33 210 N T N H & H. Sfl 30% 35% ::<! 5 Old Colony.... 81 82 81 82 15.5 Rutland pf 25 25% 25 25% 11 Vt S Mass... 77 77 77 77 MISCELLANEOUS. 30 Am Agr pf 83% 88% SS% 8.814 344 Amorkcag .... 70 70 70 70 302 Am Pneu pf.. 10% 10% 10 10 27 Am Sugar pf. .100 in.; in.; 100 20.5 Am Tel 07% 07% 07% 07% 2 Anter Wool.... 72 72 72 72 23 Amer Wool pf. 05% 95% 05 05 045 Atlas Tack 22% 2;.', 21% 21% 200 East Boston... 4% t "t 4% 4% 30"t lleacon Chneo.. 6% 6% 5% (1 92 Eastern Mfg.. 2"% 3d 20% 80 100 Eastern S S pf 75 75 75 75. 11 Gen Eltc 142 142 112 142 120 Oray 15% 10 15 15 100 Greenfield 20% 40 39 40 4 Int Om.-nt 20 20 20 20 300 lot Prods 21% 21% 21% 21% 5 Int Prods pf... 44 44 44 44 ISLlhhy 12% 12% 12% 12% 125 Loews 11% 12 11% 11% 26 Mass Gas 82% 83% 8" 83 31? M< x'lnv.*.AHTM! .77% .77% i:7% 27 MI < Rlv P pf. 43 is H .|S *< Mullln Pnrty.. 20 21' 2:> 20 20'. Natl 1,'ather.. 10% 10% io 10 IAS Natl r'II ?V <?Ti ?% ?S New En* Tel.. 97% t?: !>"> Or. 12 Ohio H<0y .... 17% 17'i 17*1 17% f.R Orpheum 27"', 27% 27% 27% 200 Po.ith 1'hos . 21% 21', 21% 21% .7 l a Mills 100 10" .1W irn n Root .. 27% 27%- 27% 27% 12', Kirrra* Mag../12 12 11% 11% 100 Swift .100% 100% 10", 10 , 87 Swift Tntl 30 .7014 :to .70% 10 ITn Prnir 10<?% loon. 100% 100% 10 Pit Pr 1-t of. 40 40 10 4ft 100 Pn Twist Prill 27% 2.7% 2.7 27 .77 Pn Fru't 100% 1P0% 100% !!' % 280 Pn 8i101 ...... 80% :ih% ,70 247 Ventura 18% 1014 10% 10% 10 Waldorf .. ... 13% 13% 18% 13% 14.7 Wnlthnra W... 21 21 21 21 47 Walworth ... 17% 17% 1:5 17% 100 Will * liaum 24 24 23% 21% RONPS. $rooo Am T'l Ra 80 so (to *0 1000 Ml<< R pow R.I 74% 7?% 74", 74% 1000 Swift 7a 88% 83% 8.7% 83% CONSOLIDATED EXCHANGE. An advance In the call money rate to 9 per cent (rave rlae to substantial declines In moat Industrials during the final hour >f yesterday's Consolidated Stock Kxeh.nnge trading. I/ossis were widest In the motors, oils nnd specialties and ranged from 2 to 4 points In active Issues of those groups. In the rails were net gains of 1 to 3 points at the maximum, with moderate recesslone in those properties on profit taking anles at the end. HANK OF FRANCE 1TATEMKJIT, Paris. Sept. 30.?Tho$wepkly statement of the Bank of France shows the following ehanxos: Oold In hand derreaaed 1,002,000 francs, silver In hand decreased 4,701,000 francs, notes In circulation Increased !>1S,210,000 frams; treasury deposits decreased 8,467,000 francs, general deposits increaaed 226,289,000 francs, bills discounted Increased 328,333,000 francs, advances Increased 4,942,000 francs. No fresh advances to the .State during the week. (IITt.ll SC IIANTOW K!,EOTHIC. Edward B. Smith A Co. are offering at 99'4 and accrued Interrst 11,000,000 of Sernnton Electric Company ten year 8 per cent, secured gold bonds. They will be dated October I, 1920, mature on January 1, 1931, ajid be Issued In coupon form of 11,000 and $500 denominations. They are callable at sixty days' notice at 105 and accrued Interest during their first year new york herald, llaneous m; NEW YORK BANK STOC KS. Bid. Auk . Bld.Axk. America ...200 210 Garfield Nat. .230 240 Atlantic 215 . 'Gotham . IWi 20" Am Exeh....2ilO 270 Greenwich ...22.-1 ... Battery 100 200 Harrlman .. 540 555 Bowery 420 ... I Hanover 815 8.80 Bryant Park.150 160i Industrial ....105 205 B'uay Cent...150 100 Imp * Trad..510 520 Bronx Nat... 150 10.n.Irving Nat....220 230 Butch * D... 37 43 Liberty 375 885 C'haig 31)0 400 Manhat Co... .203 213 ( hat & 1' 20. > 273! Much A- M 313 323 Clulfta Ex...137 li" Metropolitan ..350 ... Chemical ....5MI 583'Mutual 400 ... City 3(X) 310 Nat Amorlcan.145 155 Coal A Iron. .2 .0 New Noth 183 103 Corann'rco ...217 222 X Y N B A...460 480 Colonial 350 . NY Co ?-3 ... Continental ..120 . lark 480 400 Columbia ...170 180 Pacific 270 ... Corn Kxi-h. . .330 340 Public 303 820 Coainopolltan.llO 120 .-5 aboard 030 015 Commercial E M". ... Second 423 47 Com'wealth. ,' 225!State 205 213 Cuba 1 n 190 23d Ward 100 ... Ea*t River. . . 100 United Htatos.170 180 Fifth Nat... 1 IT Union Ex...'..173 185 Ptflh - "Wah Uts 32.-, First" "> ? 'VVorkvUlV ;i.;;373 Foreign Tr n TRUST AND TY COMPANIES. ,;l 131(1. A*k. . co Lawyers T....130 MO Trust* .'Lincoln Tr 130 100 Am Surety... ni 70 Manufac're ..103 203 Bankers 330 300 ter T 310 .. Bond A Mtg. 21 r. Metropolitan... 253 ;or. Cent Union...303 S7.3!Mlge Bond 70 80 Brooklyn Tr..48.7 300 Mut T of W. ..103 123 Columbia ....303 313 Nat Surety...,"(>o 210 Commercial ..155 ... x V L I 4 T.325 373 i,mP. Trust.. .300 New York Tr.590 010 r-qultable ...203 805'X Y Title 118 121 rarmcrs LAT.885 393'Peoples 273 200 {\!'J 270 Realty Aaso...100 110 ig.deIlty 200 2J0'Title G it T...303 313 Guaranty ....313 353|Unlted States.810 830 Hamilton 233 203 Li S M tc T...400 410 Hudson T....MO . 1' S Title G... 80 8.3 Klnvrs Co 630 660|Westchester ..133 .. Lawyers M... 110 US West T L M..103 173 See N. Y. Title & Mt(t. Co. MISCELLAMCOUS STOCKS. Bid. Aslc.l Bid. Ask Amal Ltli. 24 30 dFlsk nip 8.3 00 do pi.... ?7 75 Jjnt SUv pf. 88 92 Am Chlclo 39 41 Loh V OS. 82 83 do pf.... 62 do Lima L pf. 83 83 Am Mfg. ,.M9 133 Nat Casket.100 * no do pf.... 83 87 Norton 1 pf 99 M4F..150 loo NJZ nw st.177 ISO A Thrd pf. 3% 3% Nun L pf. 9.3 08 Ani7ypoF 38 4J Phelps D..173 200 . d? ?* 82 87 PrattftD pf 93 97 * P T N J 23 33 n lik Pdr.U0 120 Atlas I c. til .. do pf.... 84 87 Banih Bros Pat H A L. 64 68 ASplni 1 p 82 83 Singer Mfg.127 130 Barnh Bros St L IlMil' 40 4.5 A Spin 2 p 83 .. Stoll ell pf. 03 08 Bor C M./ 98 98 8 I) Warren n wBp-;- 82 83 pr pr,,f03 98 Rush T pf 65 . y Raalte Co C'ty Invest 00 70 Inc 18 29 Celluloid. ..150 155 do pf.... 65 73 Chllda Co. 86 89 Valvo pf... 97 100 dopf 92 96 Waltt A B. 92 98 DL&W Co.160 1(15 Yale &. T..275 283 Drup Crp. 128 131 j SUGAIl STOCKS. Bid. A?k.| nid. Ask. earn ens... 30 33 C.odcli S pf 87 90 C Agulrre.100 105 [June Cent..150 200 Centritl ... 15 20 Mat-Am ... 25 35 00 pf.... 43 55 I do pf.... 80 90 lajardo ..100 107 | Michigan.. 10 Uu Federal ..105 109 I National ..MO 145 (It West...380 400 N Nlquero.230 330 do pf....U3 117 iSavannah.. 45 50 Godch'x S. CO 3.2 | do pf 78 82 CHEMICAL STOCKS. Bid. Ask.I nid. Ask. Am Cyan... 27 31inrasselM ...137 130 '('o Pf 5." 60] do pf., 93 By Prod.,.. 93 98 ICy Solvnv... 75 100 1 'esoln Co.. 40 irOMerrk pf.... 85 93 I >ow Chom. . 2551 Mcrrimac ... 74 78 Du I' Ch pf. 10% llty|Vulford Co.. . . 50 C' d Ch 90 05 Seinet 3 105 170 a? l'f 93'j;Solv Proc 200 240 y F TOWN MARI BOSTON CURB CLOSING. Bid. Ask.I Bid. Ask. Ariz Ext.. 3 4 1 La Rose .. 22 30 Ariz Bllv.. 20. 2?- .Majestic .. 10 15 Hos A Mon 4(1 41 'Mex Metnls 30 C5 Blk Hawk. 30 40 Mid Moss.. .. 40 Calaveras.. 1 Monarch ..4 0 f'htef Con. 3% 1 I Nat L & 7.. 4 0 Crown Roe 10 20 ! New Baltlo 3 4 Crys no\n. 38 39 Nev Doup.. 10 10 Denbigh.,. 15 is i Nixon 4 7 Ml SJ. oy 1 Rainier . .. CO 60 Fortuna .... 5 (Seven Met.. 9 It Gadsden.. 50 60 Silv Reef... 7 8 Homa .... 6 7 |U V Ext... 30'4 3! Iron Bios.. 20 40 lYukon .... l'i 114 Iron Cap.. 8.'t# H\\ * CHICAGO. Sales. Open. Illrh. Low. I.ast. 100 Am Radiator.. 7:i 7.5 7.3 73 112 Armour Leath. 1">'4 15>i 1.314 1514 40 Armour L pf. or.'. 9.3>?, {1.314 03 H 200 Armour nf.... 0i ' 4 01 tH"!i 01 30 BrlHcoe Motors 2" 20 20 20 27." Case Plow !! it 0 9 700 Chi C 4 C Rys 1111 200 C C & C Hp!. 8 3 71i 7?4 ll.'i Cuilahy 67 67 60 66 200 Com Edison...101 10114 101 101 210O Cont Motors.. 8 8 7% 7% 323 Oodrhaux 00 00 00 00 20 Ot L It 4 D... 66 66 66 66 2." Hartman 7014 70'* 7014 7014 100 Hupp Motors.. 14 14 14 14 21001.it). M -N ft L 1214 12'4 12 12 180O Mont Ward... 27 27 2Vi 2044 70 Mitchell 14 14 14" 14 2300 Nat Heather.. 1014 10V4 10 10 150 Orpheum 27l4 2'7'4 27 27 120 PlgRly IVIftply. 3014 SOU , 2h"4 2904 400People's Gas.. 3714 38A .3714 3814 14O0 Reo Motors.... 2314 2314 22' 22 400 Sears-Roe 128 12s 126 126'; 300 Shaw 82'4 82*4 81 <4 82 4000 Stewart War.. 3014 30'? 80 3n 100 Struid Gas 4 E 13 13 13 13 1400 Swift Inte 31 31 30 30 400 Swift 4 Co 106 100 10314 106 60 Tomtor Prod A 41 41 41 41 3?r>o Union Carbidfc 63 6.314 6214 63 li.oo United Iron... 1714 17'4 13 16 OOWahl 48 48 48 48 2 '< West Knitting.. 1414 14'4 12 12 50 Wilson pf 88 88 8714 8711 BONDS. $8000 Armour 414s.. 80 80 ?o ~"80 6'"0 Armour 7s.... 9BT4 95*. or, St. e-.iu 7000 Ch C Rjr 1st fia 6SI4 6214 6214 62U Ga.-< 4 C 5s 6U 1:0 do (10 JOoOCh R Ser B Bs. S3 25 33 .3.3 2 m Ed 1st 5s. 78 7s / 78 78 1000 Com El 1st 5s. 76 76 78 70 PITTS BIRO. Open. Illah. Low. I.ast. t;0 Am W C M...10T 107 10.3 105 -) 11 Ar'.dinras Gas 1014 10'4 9'4 9M ' ens P A.... 41 41 41 41 ' 0 Hydso Hydro. 134 1% 1H is 100 ' rn'go L 4 Z 6 6 6 6 20 Consul Ie<t.... 3U 314 314 su 2" " ff tllllos. 31U 81'i Sl-4 ?V2 !""l I'eiMrshaw H 15% 15% 15* 15* J""' | 1 Tlrew 1% l'? 1T4 1* PV' Ka> C Ou... 2 2 2 2 1i iO I,one Star Oa* 30 30 30 30 880 Marland Refln 4* 4* 4 4 20 Mfru I, A II.. 34 53 r.3 53 230 N.'i' rirep'f pf 13* 13* 13* 13* 23 Ohio Fuel Sup. 50 50 50 50 135 Paragon Ret.. 20* 2fi% 20* 20* 100 Popler Gar. 39* 3D* 29* 30* 10 ri'ehu-g Coal 70* 70* 70* 7o* 10 Pit: - C <al pf. 83* ?" * S3* 85* 00 Pitts 1' Cila.ea.100 100 159* 150* 05 I* H lifts* ... 58 58 57* 57* 25 Wwt Alrb'ko.100 100 100 100 DETROIT. Sales. Open. High. Ixiw. Laat, 225 Char, ml Iron. 3* 2* 3* 3?4 3400 Cent Motor*.. S 8* 7* 7* 25 I'ot K.:i-..n 93* 95* 95* 95*j FINANCIAL NOTES. Erneat Smith * Co. have Issued a circular (living detail* of foreign Government bonds and a summary of their prearnt Investment itatua. A. O. Marcus haa rejoined th* firm of Hlrach, I.lllenthal A Co. and will be In uharge of It* foreign department. Farr A Co. have prepared a "Manual of Sugar Companies," which briefly outlines tha capitalisation, enrulng power, dtvldnnde, history and directorate of auch cotnpanlee. Columbia Tru*t Company has been apiv'lnted trustee of Pan-American Petroleum Transport 110,000.000 ffrat lien marine Mil ?M -n* 7 no l cert iKlas O -M ??'?- - duo In 10.10. ' " Edward l-'. MoManus of the banktn* firm of T.awrenee Turnure A Ho. has been elected n director of tho Corn Exchanan Hank. Ml 1< a truetee of the Emigrant Industrial Havlnftn tlnnk ntul a director of tho Now 1 ork Dock Company. Amrrlcnn Smcltliis and Refining Company lia< reduced Its price of load from k to 7*1 cent* a pound. W. IV I.nnr, recently with Marrl*. Forboi A Co., Is with Sutro A Klmhley'e bond department. Henry W. Banks and Robert Hall Crate ' nnsnlttne engineers and chemlata. ban formed a partnership under the firm name oi Hanks A Cra1( with offlena In 184 M'e* Forty-fourth street. Tha firm will speelallsi In report* and valuations on public utilities rhcntP-al plants and water purtflcatloi projecte. At the annual meeting of directors of th( IWel*u Cct-tUt CwiKjteliua, liciti jgsttxdajl FRIDAY, OCTOBER 1, IRKETS NEW YORK CITY BONDS. \ Appro*. | Form. Rat* and Maturity.- Bid. Ask. Yield. Inter. 4%s, July. 19*" 92 92* 4.90 Inter. 4%?, June. 1905 92 92% 4.00 Inter. 4%s, March. 1063 92 92% 4.91 Inter. 4%s, Nov., 1957 92 92% 4.93 Inter. 4%s, May, 1957 92 92% 4.03 Inter. 5%s, April. 1900 86% 87 4.90 j Inter. 4%s, March, 1904 86% 87 5.00 ; Inter. 4%s, March. 1902 86% 87 5.01 , Inter. 4%s, Sept., 1900 86% 87 603 Inter. 4%s. March. 1900-30... 80% 87 6.1K1 Inter. 4s, May, 1959 82% 83% 6.02 Inter. 4a, Nov., 1958 82% 83 i 6.02 . Inter. 4s, May. 1957 82% 83% 5.08 | Regis 4e, Nov., 1956 82 83 5.06 j Regis 4s, Nov., 1055 82 83 5.0j Regis 4s, Nov., 1936 84 ... Inter. 3%s, Nov.. 1955 73 74% 5.06 Inter. 3%s. Nov.. 1954 73 _i4% 6 07 i Regis coup. 3%s, May, 1954 . 73 <4% 5.0? | ?Yield.? Bid. Asked. j Coupon 4%s. 1924-1032 2 ,5. ( oupon ?%s. 1919 J-00 r'.UO 1 Coupon 4'is. ' 1 ^ Coupon 4%s, ?- > Reels. 3%s, V40-1953 5.|6) 5.1 Regis. 3%s. 1930-1939.... " ?0 Regis, roup. 3%s. 1922-1929 8 r'il? i Regis coup. 3%s. 1919-1921 ?-9? I Regis. 8s. lP40-?953 . J-lg Regis. 3a. 1926 1930 ? <*> g ?5 Regis. 3s, 0 00 ? ^ NEW YORK STATE BONDS. Approx. Form. Rote and Maturity. nid.Asked.Yield Coupon 4%s. Jan.. 1904 99 10- J.JU Registered 4V;s. Jar., 1964.. 98 101 4.4 Coupon 4%s, Sept., 1903.... 99 J Re: ls. 4%n, Sept., 1003 98 101 4. lu Coupon 41,4s. March, 1965... 03,4 Regis. 4Hs, March. 1065.... 94 . Coupon 4>4s. Jan., 1965 03% 95% 4...0 Regis 4!4s, Jan., 1965 94 Coupon 4%s, Jan., 1945.... 94 "Regis 4%s. Jan., 1945 94 Coupon 4s, Jan., 1967 90 ... . Coupon 4s, Merch. 1967 88% 91/4 Coupon 4s,,1958-62,^ighway 88^ 91,4 44. | Coupon 4s, Jan.. 1940 88 Regis. 4h, Jan., HMO ' Coupon 4s, Jan., 1042 88/4 Regis. 4s, Jan., 1942 88 STANDARD OIL STOCKS. Bid. Ask.I Bid. Anglo-Am. 21 22 PrP %; ; ??? 77Atl Rcf.,1150 1200 Solar Re*.395 4b do pf....l07 109 South PL.120 U< Borne-Sor.41." 430 SouthPa..205 -.o Buck P L. 90 9.1 S W Pa PL 03 ?7 Chea Mfg.213 2.10 I Strl of Cal.JlO 3iu do pf....lOO 103 !Std of Tnd.090 ^05 Continent..120 125 IStd ?1 6-jO Orea P Ij 29 SI 8t<i of Ky .370 3PO < ' P T Tnc 140 145 Std of N^.420 440 Eur P L 120 125 Std of NJ.MO WO Galena-Big 47 r.l do pf^. .104% I'1. * do pf old 90 95 St<l of NT-3iO 37.. do pf nw 88 91 Std 43u 111 P L...160 103 d? P*-,;-1 J2? Ind PL... 90 95 Swan A F. 65 7.. Int Petrol. 32 85 Un Tank..120 1-3 Nat Tran. 20 81 do ?? N Y Tran.170 ISO Vacuum .-S5u 300 North PL. 97 103 I Washington 30 3.) Ohio 300 310 S<d subsid Pa Mex F. 45 50 I en bloc. 1640 Pierce .... 13 13%!8td old et do pf.... so S3 I all on...22.0 Pr O & G.550 563 | I TOBACCO STOCKS. Bid. Ask.lR J Reyn A Am Cigar. .120 128 new 75 90 do pf 74 781 do B new.. 41 43 G W Helme.155 1651 do pf......?8 10O do pf 93 96iunlv Leaf...150 200 J S Young..130 140! do pf 106 108 do pf 78 85 Weyra Bru..l0S 175 P R-A T. .110 120! do pf 90 93 CANADIAN WAR LOANS IN NEW YORK. 1 Bid. Ask.| Bid. Ask. r,U?. 1922... 86% 88 3a. 1931 79 82 5%S. 1923...861/4 88 514B, 193.3.... 85 8. r.'Za 1924. '..851,4 S7 5%s, 1934. ...81 83 5s. 1925 83 85 5s, 1937 82 84 514a, 1927...8514 87 1314s, 1037 8014 88 CETS 625 Lincoln Motor. 40 40 39% 40 800 Michigan Sug. 10% 1074 10% 10% 500 Noble Oil 1.12 1.12 1.12 1.12 1500 Packard Mot.. 14% 14% 14% 14% 4200 Reo Motor.... 23% 23% 22% 22% 200 Timken 32 32 82 32 PHILADELPHIA. 20 Am C.as 32% 32% 32% 32% 120 Am Stores.... 50% 50% 50% 50% 111 Cramp 60% 59 50% 69 378 Elec Storage. .122 124% 122 124 2O0 Gen Asphalt.. 48 48 48 48 10 Ins of N A... 28% 28% 28% 28% 410 Keystone Tel. 8 8 8 g 600 Lake Superior. 11% 11% 11 1} 245 Lehigh Navt.. 61 61% 61 61% 10 Ph Co 6% pf. 34 34 34 34 60(1 Phil a Elec.... 20% 20% 20% 20% 605 Phtla R T.... 15% 18% 131* 13% 205 Tono M xdtv. 1% 1% 1% 1% 135 Utlion Trac... 25 2,5 2.3 25 371 U U Imp xdlv. 35 35% 34,1 u4% BALTIMORE. Sales. Open. High. Low. Last. P2! 20 Atlantic Pet.. 31% 31% 31% 31% 20 Cons Coal.... 88% 83% 83% 83% 1000 Celestlne 115 115 115 115 220 Cons Power.. 9274 93 92% 02% 10 Com Credit... 45% 46 45% 46 45 Davison Chein 39 39 39 39 20 Un Ry com... 12% 1274 1214 12% BONDS. *1000 Cons C rcf 6s 72% 72% 72% 72% 1000 Cons Pow 4%s 73% 73% 73% 73% 6000 Cons Power 0? 93% 9374 93% 93% >/mn l",IT,O T>niva<- 7a 07 07 97 97 3000 United Ry 4s. 62H 02V4 62'4 62V4 1000 Wash B A 5s. 6944 69U 09% 69?? SAN FRANCISCO MINING STOCKS. DIVIDE. Bid. Ask.1 Bid. Ask. Allied Dlv.. 1 2 Junior 1 2 Alto Dlv.... .1 RIKnox 8 10 A.inex Dlv.. 1 2 McN Cres... 11 12 Belcher Dlv. 5 R'Myra 5 6 l llelchsr Ext 8 9 Reno 2 8 lirouEher . 19 20i Revert 0 7 Divide ... 1.75 1.85 Rosetta .... 1 8 Divide Cons 8 41 Royal Divide Ext.. 28 80|Sllv?r Kin*. 2 3 Kn?t Divide 3 4! Syndicate GmlVl Zone.. 38 38IT0BBery .... 2 3 ' Hnsbrouck T 6 81 Verdi 4 5 Hennessey. .. 1|Victory 7 8 Horseshoe .. 1 2! , TONOPAH. 1 Cash Bov... 8 OiMontana Con 8 12 Jim Hmler. 14 IrtTNorth Star.. 5 8 MoNamara. 19 21iRoscue 20 22 Midway ... 11 12|Tono Ext.. 1.50 1.80 Mlzpah Ex. 10 12|Weat End. 1.10 1.15 GOLPFIELD. Atlanta .... 1 8|Great Bend., .. 1 Booth 3 4'.1 umbo Ext.. 7 9 C o D 1 Kewanaa ... 1 2 ' Comb Krao. 1 2|Lone Star... 5 8 Cracker J.. 5 0 Red Utile Flo 2 3 ' Florence G. 14 18 Silver Pick.. 5 II Gold Cone.. 8 9 Spearhead ..3 4 MISCELLANEOUS, i Amparo 1.40 1.501 Rochester M .. 12 , Ariz United. 12 14'San Toy 5 7 Eden 20 SOjTocopa 7 9 Mayflower . 1 2: United Amal .. 1 Nevada II.. 1 2 White Cape. 9 11 Nevada Won 12 14 White C Ext 1 2 i Round Moun 14 15| Yerrlngton... 3 4 MONTREAL CLOSING. Bid. Ask. | Bid. Ask. Ames'pf.. 5914 WiiDome Iron. .. 57 Asbestos.. 93 03V4 Dom Tex.. .. 130 I Atl Sugar.129<4 129'AlShawlnl*. 108 107 I Brazilian.. 35?4 88 Span Rlv..U7?4 I17V4 I Bronipton. 77 77H do pf....12114 122 Can Car.. 41 .. Stl of Can. .. R5V4 Can Smelt 24 .. IRIordan P.. .. 20.1 ICan S 8.. 85 85<4 il.au rent Ido 11114 112' , I .in pf 7*'i 7.'. I Montreal P 7f><4 Ml Cement .. .. R7W Quebec .... 2flt4 do pf 01 I ?~ P Albert Preton, Its president, reported that that company's net earning:* for twelve monthe ended on September 18. S03O, after , deducting reeervee for taxes. Interest, Ac., amounted to 0*0.81. which In In exoesa of 11 per cent, on Ha capital. Theodore G. Smith, vice-president of the Central Union Trust Comauny, was elected a director of , the Foreign Credit Corporation. E. L. Bylvetter, credit manager, was elected assistant 1 treasurer of that corporation. Alfred Borden, for sixteen years with ths i firm of Procter A Borden, Is with Potter Brothers A Co. Elder Steel Steamship Company announces that jr.OO.OPO par value of It* T per cent. . serial gold notes will be retired at maturity i to-day. They are payable by the Guaranty , Trust Company. John T.. Mee has been appointed euperIntendent of agencies of the National Surety i ^Company. B'lIIIsm It. Draplcr. Jr., who has served In that position, has been promoled . to administration duties. [T ; ) crsTon* nrcrriPT* i Receipt* for duties at the Custom House yesterday worn $*>!>$,568.90, of j which $208,412.18 woe for merchandise xvlthldrawn from bonded warehouses and j $450,156.72 for recent Importations. . j The National Bank t of South Africa, Ltd. J Tots'" Resowres Exceed $430,000,000 10 Wall Street New York it. r.. miinor.ns. a tent. i 1U 1920. ' u AN investor with an income of $! yielding about'7#% to equal tfc Mississippi bonds and about 8^ City of Cleveland and City of Cincinna the following and consider them specia of prices on other offerings of similar \ high grade taxable bonds. $50 State of Mississ Dated November I, 1920. Principal and semi-annual int Prices to 5.70% $1,0 City of Cincinnal Dated August 1, 1920. Principal and semi-annual int< Price 101.9C Yielding a $1,01 City of Cleveland Dated September 1, 1920. Principal and semi-annual int< Price 101.9< Yielding a All of these Bonds are legal investmen New York-State. 7 he Bonds of Cincir sachusetts arjd Connecticut. The incoi tion under the Federal Income Tax Lav rr? i \l . I ne mationa Main Office: Nation Uptown Office: Fif Offices ii The New York Created for the Encouragement at Benevolent or Its Plan an rDIVIDUALS desiring to give d any sum, large or small, to be d< tional objects, either definitely c nnv well defined obiect. mav olace it of their own choosing, providing 01 Community Trust. THE TRUST COMPANY OR 3 becomes responsible for its investmei of the income is controlled by a Distr residents of the community, selected charitable or benevolent needs of th the members being chosen one each b merce of the State of New York, the dent of the New York Academy of IV of the Bar of the City of New Yerk, the Brooklyn Institute of Arts and Sci United States Circuit Court of Appet bers by the Trustees' Committee. S< Committee pass out of office each ye resentative of the current opinion of th THE INCOME is distributed by t1 to the directions of this Distribpti* designated by the respective donors, 01 as the Committee may find to be m< Trust and the best interests of the Con THE PRINCIPAL ADVANTAC the Community Trust is that under Committee, the donors receive the ast beneficiary charity has become obsok from the gift will be devoted to some with their^sdesires as possible, and t or legal action. THE NEW YORK COMMUNI' utiliration of wealth and for its wis< benevolent or educational purposes, obtained from any of the Trustees or > Tr\ \ The Equitable Trust Company of New York Columbia Trust Company The New York Trust Company United States Mortgage & Trust Company Metropolitan Trust Company Title Guarantee & TrusxCompany Manufacturers Trust Company Kings County Trust Company Lawyers Title & Trust Company Mercantile-Trust Company Frank J. Parsons, Acting Director 55 Cedar St., New York g^- ' nrenv-fgsljy v yo<*?^ 30,000 would have to buy taxable bonds j te yield of a 5.20% basis on the State of | i% to equal the yield of a 5.70% basis on tj ti bonds. We recommend for investment illy attractive in view of the present level jrade and in view of present market on 10,000 I lippi 5x/i% Bonds Due November 1, 1922-1945 incl. erest payable in New York City yield from to 5.20% 00,000 :i, Ohio, d% Bonds Due August 1928 jrest payable in New Yorlf City ) and interest ibout 5.70% 00.000 { 1, Ohio, %% Bonds Due September 1, 1928 srest payable in New York City ) and interest ibout 5.70% ts for Savings Banks and T rust Funds in mati and Cleveland are also legal in Masme from these issues is exempt from ta^ai. r 1 City Company Jfl ial City Bank Building j^H th Ave. and 43rd St. n Over 50 Cities 'ggggg" Community Trust JH xd Promotion of Gifts for Charitable, Educational Uses d Its Purposes r uring their lifetime or under their will, :voted to charitable, benevolent or educa- I letermined in their own mind or without ^ in trust with a Trust Company or Bank ily it is a member of The New York BANK accepts the gift as trustee and at and safe keeping. The disbursement ibution Committee of eleven citizens and for their knowledge of the educational, ie inhabitants of the community, six of y the President of the Chamber of Com/layor of the City of New York, the Presiledicine, the President of the Association the President of the Board of Trustees of icnces, and the senior Circuit Judge of the lis for the Second Circuit, and five memome of the members of the Distribution , ar, so that the Committee is always reple times. he Trust Companies and Banks according an Committee, either for the purposes * if there be no designation, to such objects ^ ast in harmony with the purposes of the imunity. rE in making charitable gifts through the authority granted the Distribution mrance that if, by the lapse of years, the :te, impracticable, or useless, the income other object or purpose as nearly in line his without unreasonable delay, expense rY TRUST offers a new plan for the e ana erncient application to cnaritabie, A Booklet describing the Trust may be from the Acting Director. uateea , fidelity-international trust Company American Trust Company Hamilton Trust Company The Commercial Trust Company of Nf.w York Hudson Trust Company Irving National Bank The American Exchange National Harriman National Bank The Bank of America Alvin W. Krech, Chairman Trustees' Committee WM * 37 Wall St., New York