The New York herald., October 01, 1920, Page 16, Image 16

About The New York herald. (New York, N.Y.) 1920-1924

Image provided by: Library of Congress, Washington, DC

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