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The New York herald. (New York, N.Y.) 1920-1924, November 09, 1920, Image 15

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045774/1920-11-09/ed-1/seq-15/

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^HHiiiiiiiHiimmmiiiniiiiniiiiiiniiiij
j 80% |
Increase |
i in net operating income E
: for. month of September is E
E reported by the E
Virginian Railway 2
5 This is at the annual rate =
?i of over 5 times interest E
E charges on the E
is First Mtge. 5% Bonds ?
! (1962) ~
E which we own and offer E
S at a price to yield E
about 6% E
S TV? RnnJ. in Tammrv 1017 E
~ so'd on the New York Stock Ei
?: Exchange it a price to yield 5
~ less than e>%. ?
Details on request. ?
| Eastman, Dillon & Co. |
El Members ~
~ A'etr York .-toe*. Krrhanne ?
E INVESTMENT BANKERS ^
? 71 Broadway E
~ New York i:
ffitiiiiiiiiiiiiiiiiiiiiiiiiiliiiiiiiiiiiiiiiiiir?
Erie Lighting
Comnsnv
Firft Mortgage
5% Bonds
J A :l 1 1 OC7
uuv n.pi &i &) **/vi
Net, earnings reported over
twice interest on these
bonds.
The Company conducts an
electric light, power and
steam heating business in
the City of Erie, Pa., and
nearby territory.
To yield about 7%
Frazier<s-G>.
65 BROADWA V, NEW YORK
lei Bouilim Gti-sn 6025
PHILADELPHIA
WASHINGTON BALTIMORE
PITTSBURG
? Coffee
Sugar
Cotton
Futures
ll
Our Stork Market Review also jj
covering Coffer, Cotton nnd j
Sugar sent on request J
for 11-7.
1
Lambum &Ca
Spec/* lists in Sutfar ytoc/CT !;
Seven Vail M.Newfttk
Tel. RfSCrfR. P5310.
MEMBERS
A*. V. Slock Ex. A'. 1". Produce. Ex.
A". J'. Cotton Ex. Chic. Bd. of Trade
A'. V*. Coffee and Sugar Ex., Inc.
Condon Prod. Clearing House, Ltd.
r s
j Piggly Wiggly
Corporation
*
i Common & Preferred
j Piggly Wiggly |
Cl f
oiores, inc.
Clous A Stock
I t
Denrriitivc circular* ari'l
Quotationt on request. ,
VmTKINS & CO.
7 Wall Street, NewYork
Telephone Rrr*%>r
WE RECOMMEND
Standard Oil
of New Jersey
7% Cumulative
Preferred Stock
No bonds or mortgages
ahead of this stock. Assets
$400 per share. Average
earnings for past five years,
nifrr fiv#* fim^Q rliviHrnd ro.
quirements.
Price $105 Per Share
To Yield 6.7%
Deicrtptioe Circular
upon request.
McClure, Jones & Reed
Mem dot* yew York Stock Kxchnnge
115 Broadway New York
Telephone Rector 7662
'FIVE CROPS BREAK
RECORDS IN 1920
Production of Corn, Tobacco,
liice, Sweet Potatoes and
Pears at Highest.
POTATOES ALSO INCREASE
Corn Yield Is 3,190,126,000
Bushels?Tobacco and
Apples Show Gains.
By the A annotated Press.
Washington Nov. 8. ? American
farmers broke production records of five
: crops this year. Preliminary estimates
i announced to-day by tho Department of
\}jrlculturo show that the corn, tho
tobacco, the rice, the sweet potato and
the pear crops surpassd In size those of
any previous year In the country's history.
Very large crops, in some instances
closely approaching records, of
oats, barley, rye, potatoes, apples and
hay wero grown. Final crop production
figures will be announced next month.
Corn, king of ail crops and of which
the United States grows more than seventy
per cent, of tho world's output,
reached the enormous total of 3,199,126,000
busneis, or 75,000,000 bushels
moro than wero grown in any previous
year. This year's corn crop is the third
to exceed three billion bushels, the previous
record having been made in 1912.
In point of value this year's corn crop
| will not equal that of last year. Based
! on the December 1 price, which was
$1.33 n bushel, it was worth $3,334,234,000.
The crop of 1912 was valued
at $1,320,464,000, on the P ceraber 1
price of 48.7 cents a bushel, and the 1917
crop at $3,920,228,000, with the December
price almost $1.30 a bushel. The
j value of this year's crop, based on the
| November 1 farm price, which was 87.3
| cents a bushel, D estimated at $2,792,1
837,000.
i Iowa's corn crop la tho largest of any
! State, at 441,660,000 bushels; Illinois
i ranks second, with 302,631,000 bushels,
j and Nebraska third, with 250,998,000
i bushels,
S The tobacco crop this year, placed at
I 1.476,444 000 pound;? by tho preliminary
i estimate, is 87,000,000 pounds more than
j that of last year, when all previous records
were broken. Virginia, North Carolina
and South Carolina exceeded their
last year's production, hut Kentucky's
crop this year is 36,000,000 pounds less
than it was a year ago.
Production of rice mis year euecua
by 12,000,000 bushels the previous largest
crop in 1017, The output this year is
placed at 52.29S.000 bushels, almost half
of which was grown in Louisiana.
The sweet potato harvest will show
105,676,000 bushels, or 2,000,000 bushels
more than were grown last year, when
the crop exceeded all previous years'
production. Alabama's output is larger
than that of any other State.
The crop of years this year is placed
at 16,558,OX) bushels. The previous largest
crop was that of 1917, when 13,281,000
bushels were produced. California produced
more than 3,000,000 bushels and
New York almost 2,250,000 bushels.
Production of other crops, as shown
by to-day's preliminary estimate, follows
: HucUwheat 14,32.1.000 bushels,
against 15,532,000 bushels forecast last
month and 16,301,000 bushels produced
last year. Potatoes, 4 21 252,000 bushels,
against 414,986,000 last month and 357,901,000
last year. Sweet potatoes. 105,I
676,000 bushels, against 103,779,000 last
month anil 103,570,000 lafft year. Tobncoo,
1 476,44 1,000 pounds, against
1,478 877,000 last month and 1,399,158,000
last y?-ar. Flaxseed* 19,736.000 bush Is,
against 11,701,000 last month and S.O1#,000
last year. Apples, 236,187,000 bushel.",
against 227.979,000 lart month and
147.457.000 last year. Sugar beets.
8,812,000 bins, against 8,970,000 last
month and 6,421,000 lest year. Peanuts,
37,499,000 bushels, against 39,217,000
last month and 33.263,000 last year.
Weight, a measured bushel, was an
nounced an follows: Wheat, 57.4 pounds,
against 06.3 last year; cats, 33.1, against
31.1; barley, 4C, against 45.2. Production
of corn, according to the preliminary ?"tlmato,
in the principal producing States
follows: Ohio, 154,105,000 bushels; Indiana.
190 131,000; Illinois, 302,034,000;
Minnesota, 115.050,000: Ioora, 441,660,000;
Missouri. 211.S08.000; South Dakota,
100,800,000: Nebraska. 250,988,OOOjKansas,
151,038,000; Kentucky, 96,-1
624,000; Texas, 172,250,000.
COFFEE MARKET.
Tho loonl coffee market opened yesterday
with a decline of 3 to 11 points
and under pressure of continued llriuld-tlon
sold lower later in the day, at 2
o'clock prices sho>ving net loascx of 22
to 25 points. A few lower cost nnd
ft eight offers from Rio and Victoria
seemed sufficient to swing the exchange
rrnrket to lower level. At the close the
market was at the day's low point and
showed net losses Of 28 to 38 points.
Italian of prions:
Open. High. Low. Close. Sat.
Nov., fl.9V7.tK> T.23
Her 7.53 7.33 7.18 7.10-20 7.1*
Tan 7.32-34 7 68
7.65-57 fl.OU
March 8.10 9 10 7.89 7.*7 *9 9 10
?" ' 9.02-04 9..14
MAI-.'. 8..18 8.40 8.18 8.18-18 8.40
.Tune 8.12-14 8.85
; Tilly 8.7- 8.7r? 8.741 8. IN- 111 H.Nh
AHK ?r>7-:.0 8,8:.
S-pt 8.80 8.80 8.7(1 8 0(1-8.8 8.P*
, Oct. 8.78-80 0.10
COFFEE CABT-ES.
Itto wan 125 rpIs higher for future*. Collar
rati'. 1(10 higher, at 51700. and exchange H'llower,
at 12148- Receipts, B.noo bags, and
lis k. 482,000 bag". Santos spots not quot'd.
Futures 7.8 to 100 lilghur. itecelpts, 81,000
bays, and stock, 2,207,000 bags.
Itecelpts at the ports were 70,000 bags,
ngalnst 20,000 last year and 25,000 two
years ago. Sao Paulo had 57,000, against
I,000 and 15,000, and Jundlahy .'18,000, against
II,000 and 12,000 bags respectively.
ltaln was n ported In three districts of .Sao
Paulo and showery In two.
Cleared from Santos, V-,700 bags for New
York.
llrazlUnn coffen statistics;
T.nst I .net
Yesterday. Week. Month.
V. Y. deliveries... P.820 10.IW3 7,008
IS*. O deliveries... 5,274 Not In. 28.?0I
Total deliveries.., 15,100 10,1812 1:1,7511
N. Y. stock (101,Oil.| 000.550 818,505
N. O. stor k 880,027 157.703 ai8?ViO
Stock at all ports.l,2UO.mu 1,258,114* 1,1.12,14.1
Afloat H10.8O0 ,150,700 HOI 200
Visible supply 1,800,800 l.OIN.ol.t 1,7.1,1,.11,1
I-.iist y'r's visible. 1,011.725 1,501.004 1.559,308,
FINANCIAL NOTES.
Empire Tnist Company has been appointed '
depo Itary for North Tesas Oil eapdal stock i
under a voting trust agreement dated November
1, IW20.
Finn' or* Trust Company hn* bom mnwln'oi!
transfer aprnt !n Now York for Liggett'*
Inurnatlondl, Limited atork.
Mercantile Trust Company ha? boon appolntrd
transfer agent of General i'bono- !
graph preferred.
Olhlden, Onvldgc A To. have Issued their
.Monthly letter on the bond market. '
George 8. Jonee of Mncon, Ga., has boon
appointed vloo-proaldent of the Guaranty
Trust Company.
Guaranty Trust Company has born appointed
truitoe of the Amerlran Ship add
Commerce Corporation trtist Indenture,
dated August lit, 1f?n. and securing an authorised
Issue of 92.I24.UUO par value of ten
year sinking fund 10 per cent convertible
nataa, due on A ague t 18, ifir
THE NI
CHICAGO BANKERS
TAKE NEW ISSUES
Buy $10,000,000 National
Leather and ,$10,000,000
K. C. Power Notes.
OTHER OFFERINGS SOLD
Genera! Electric Co. President
Denies Reports of Proposed
Financing'.
Chicago banking syndicate* took the
lead yesterday In purchases of now
financial issues, one syndlcato announcing
the purchase of $10,000,000 of National
Leather Company five year S
per cent, notes and another acquiring
$10,000,000 or more of Kansas City Power
and LJght Company notes.
In New York, Blair & Co., syndicate
| managers, announced that the Galena
j Signal OH Company issue of $1,".00,000
of ten year 7 per cent, gold debentures
! had been oversubscribed heavily and
1 that the subscription books had been
j closed. J. P. Morgan & Co. closed the
subscription books for the unsold balance
of Standard Oil Company of New
Jersey preferred stock and dissolved
its syndicate, having placed the entire
issue with Investors. Rumors regarding
General Electric Company financing
were shown to have no foundation,
the president of that company asserting
that it would do no financing at
this time. The proposed National Biscuit
issue Is still the subject of negotiation.
The National Leather Company, which
was organized to take over the tanningleather
business of Swift & Co. under
the Government's decree compelling the
packers to segregate their subsidiary interests,
has sold, it was announced yesterday,
$10,00?>,000 of five-year 8 per
cent, notes to a syndicate composed of
the First Trust and Savings Bank, the
Illinois Trust and Savings Bank, the
Merchants Loan and Trust Company,
the Harris Trust and Savings Bank and
Lee, Higginson & Co. It Is understood
that the notes were purchased aL96 and
| that they will be offered at par.?
The Kansas jClty Power and Light
Compnny note issue went to a Chicago
syndicate, of which Halsey. Stuart & Co.
I and the Chase Securities Corporntion
are inr uniy m-w x??ir\ intuiunfl. ?u?v
I company has a note Issue of $5,000,000,
i given on January 1, 1920, and maturing
on January 1 next. On that day will
mature $6,000,000 of first mortgage and
| collateral trust 7 per cent gold notes,
| issued on October 1, 19'.9. The new
financing Is for meeting those maturli
ties. The Kansas City Power and Light
j Company was formed in 1919 and took
over In reorganization on September 30,
1919, all properties of the Kansas City
j Light and Power Company and the
: Standard Electric Light Company.
COTTON GINNING REPORT.
In 1020 Production la 7,171,352
Itnnnlnit Hnlea.
Washington, Nov. 8.?Cotton ginned
In 1920 prior to November I amounted
to 7,471,352 running bales, counting
round 'as half hales, which numbered
160,749, and Including 23,428 bales of
American-Egyptian and 562 bales of Sea
Island.
Ginning* In 1919 prior to November
i 1 were 6,305.054 running bales, includ
5 ing 70.423 round bales, 14,080 hales o'
American-Egyptian and 3,203 bales of
; Sen Island
Ginning by States: Alabama, 411,404 ,
Ar'zona, 30,014; Arkansas, 519,439;
1 1 1 <1 1 ? > . lrwi.la 1 0 707 CP n.
pi*. 994,954: Louisiana, 270,195; Miauiisippl,
478,948; Missouri, 26,782;
North Carolina, 155,157; CTICahonia
; 470,058 ; South Carolina, 858,715; Tenl
nossoe, 114..147; Texas. 2,903,718; VlrJ
ginia, 3.088 ; all other States, 2,684.
COTTON MARKET.
Short covering rallied the cotton market
after another decline of about 20
j to 40 points In the first two hours of It3
i session of yesterday. The recovery car
j rleci options up 12 to 41 points from
I Saturday's final bids, the trade taking;
j acme cotton at the low and accelerating
j the reaction. Despite the better torn
| late in the day sentiment In all quarters
was against the market and real
buying power was lacking. Most traders
thought the rally Just the natura
outcome of the market's oversold position
and the fact that smaller shorts
were taking profits. The Census BuI
reau ginning report, which placed th?
total ginned to November 1 at 7.147
?."2 running bales, against 6,305,054 In
the corresponding period a year ago
v as bearish but evidently hud been
| discounted.
The market was unchanged to 20
points down at the start. Ldverpoo,
Wnll Street and the South were anion*
?h? heaviest early sellers and feollnu
was affected by the break In foreign exchange,
the stock market's decline, poor
cables npd ?ho good weather mar
After prices hnd fallen about 18 to 40
points buying by shorts developed and
caused the market to Improve.
Iluytng Increased and soon carried
i the market over Saturday's final love,.
Demand was not (treat enough, however.
to rauae any decided change In
the market's trend. Sentiment in Wall
Street was against anything of that
kind. Consequently all of the rally \va ?
{ r.ot In I t A better undertone was
shown throughout the afternoon and
right up to the close. Final prices wer?
.ir? points higher to a point lower. Ixical
spot closed up IB points at 20.48 cents.
Range of prices:
gaturOpen.
High. ts>w. Close. day.
November 10.10N 18.80
December IP 00 19.50 18.85 19.47-30 19.18
January.. 18.48 10.00 18.35 18.95-19.02 18.05
February 18.85N 18.53
Man-h.... 18 35 18.80 18.20 18.08-78 18. <8
April .... 18.WIN 18.50
May 18.37 18.63 18 01 18.48T 18.13
June 18.30N 18 30
July 18.15 18 32 17.73 I8.I9T I8.20
August... 18.00 18.00 18.00 18.15N U.1*
fkplrmb'r 18 00 18.00 17.83 17.90T 1" o
Ot labor. 17.115 18.00 17.75 18.0011 18.05
hJPVS^LocS 1. 20 45; New Orleans, 19 23.
lHWON BTATI8TIC8.
Tester- l.ast I.ast
day week. year.
I Port receipts 38.85| 45.050 4.3.82
Reports 52.220 43.327 21.807
H * ports season.... 1,208.443 1,047.784 1,192.01
I New Tork stocks.. 22.118 22.3*3 100.39
fort Mac It* l.lfHi.xiu j.it- (I'm i
Interior receipt*.. 3*.*70 51,80* .12.IOC
Interior shipment* 20, lift <0.(1 l.'l 4.1,1"'
New York arrival* 1,583 3.274 2os
Liverpool cahle*: Hpot r< tton modern'
demand, at 41 point* de. tine: middling,
11.14(1 Male* 1.000. Amerlran 4.000 Inipor'
24.000, An.-rlan 18,000 Future* open
easy, at 31 to 42 point* decline. <7in?ed
quiet, nl 10 to "7 point* derllnn. Clfcdmj
hMs; December, 14.23d.; .Tanuary, I4.00d.
i March, 13,81-1.: May. 1.1.T0d.; .fitly. 1.7,12
Manchester: Yarn* dull ami coaler; cloth*
quiet.
OlltlMlY BANK STATfi.MK.YT,
nrnt.iK, Nov. 8.?The statement of
the Imperial Mark of Uttmnny as of'
October 30, nhows the following change*
1 Increases?Gold. IS,000 rucks; tronsuty
certificates, 1,090.202.00(1 marks; hill*
5.389.080,000 marks; advances. 2,480,000
rnarke; circulation. 1,5.10,338,009
marks; deposits, 5,508,184,000 marks:.
Decreases?Coin, .181.000 marks; note*
In circulation, 1.354.000 marks; Investments.
28,381,000 marks; securities, 29,373,000
marks; liabilities, 93,149,000
marks; gold holdings, 1,091,686.000
maif
I
5W YORK HERALD, 1
' rEESESE^!^SSSS^SS!!SSS!IS^E
iiggssissgs ?
SsSh??? ?f?KBj5ii31;
MM M 1!
Common sense sugges
doing business with a
voted 40 years to 1
and friendly service i
GARI
Nation,
riFTH .
WHERE 23
CROSSES
1 ?MM???
I
NEW ISSUE
$1,5C
State of
Golc
Due serially $37,500 each April aj
Principal and semi-a
and October 1 payai
Exempt from all F
Eligible to Secure Postal
value not (
Legal investment for Savii
in New York, New Jersey an
Total Debt about 2?
Population 1920 i
MATL
| Apr., 1926, to Oct, 1934.
Apr., 1935, to Oct., 1937.
Apr., 1938, to Apr., 1942.
Oct., 1942, to Oct., 1945.
I
I
Complete circ
Estabrook & Co.
New York-Boston
Merrill, Oldham & Cc
Boston
BID AND ASKE
N. V. STOCK EXCHANGE FLOTATIONS.
To the following prices accrued Interest Is
to tie added In every case:
UNITED STATES GOVERNMENT HONDS.
Illd. Ait.
11. riglstered 101102
2s, coupon 10114 102
4*. registered 103'* lod
4s, coupon 10.114 10*1
IN, I'an., 103(1. registered 101 lO-'
Fan., nolo, coupon 101 10?
2-\ Fan.. IKtS, registered 101 102
... Fan., lo.'tN, coupon 101 lie
Sla, 1'nn., registered. 73 31
8s, l'an., coupon 73 HI
ITill. Is. land pur. 4s, 11*34 7.1 83
1*1:11. Is. pub. wit. 4s. 113] 73 83
Mill. Is. pub. wit. 4s, 1030 73 H3
Rl.t. Columbia 3.03s 03' ..
FOREIGN BON 118.
Argentine Inter. 3s. 1043 71 72
Kingdom of Jielglum (Is, 1021 01>H 01*44
Klngdoni of Belgium O , 11*23 01'* I" ?
..-I- -I r ii. ,1-1..?. en - iiij". I (MI llMll.
Caiman. Dominion of, 5s, 1921..., 0s% 99
Camilla. Dominion of. note*. 1021 08% 08%
Camilla, Dominion of, 1926 91% 01%
Cunaila, Dominion of, 1029 . Mil 9HV*
Camilla. Dominion of, 1031..... 9<>% 9n%
Chinese' Gov. Hu Kug Uy. 5s, 1951 42% 42%
Cuba Extern. 5s, 1944 70 7914
Cuba extern. 3a. aurlc-a A, 1949... 7*%
Cuba Extern. 4<4i. 1949 63 ?%%
Dominican Hep. 5s. 1958 "1 7i
City of Byons 15 yr. Ms, 1934 till 80
City of Marseilles 15 yr. B?, 1634. 83 8tl
City of Ilordeaux 18 yr. lis. 1934.. 83 8t)
City of Copen. 25 yr. 5%s, 1914... 75% 70
French Government 8s, 1st Issue.. 101% 101%
French, Pari* City ?s, 1921 05% !?*'*
Gov. of Switzerland 8s, 1040 103 103%
Japanese Gov. 4',is, stiff. In., 1925. 74% 75
Japanese Gov. 4%s, 2d her., 1928 . 71 , i-i
Jai ancse Gov. 4s, stiff. In.. 10.71.. 57% *8
Japanese, Toklo City 5s. 1952.... 51% 51%
V. K. Gt. B * I. 0 yr. 5'is, 1021. 98% 98%
U. K. tit. 11. * I. 3 yr. 5%<. 1922 . 01% 01%
IT. K. Gt. II. It I. 10 jr. 5%s. 1929 8*H 88%
IJ. K. Gt. 11. It I. 20 yr. 5%s. 1937 87 87%
Mex. Extern. Sterl. 5s of '99, 1945 47% 47%
Mux. Extern, gold 4s, of '01, 1954 30% J' Vj
Kingdom of Italy 6 yr. 0%% gold. 85 88
Closing prices of stocks In which there
were no transactions yesterday:
Bid. Asa. Bid. Ask.
A A Cable.l<si KB Aus Nlch.. 12V4 13%
Ml'li p w I 91 02 do pf.... 7? 80
Alb It Bus. 120 150 Auto Sales 5 7
\m Hg 1st.100 101 do pf.... 9% 15
till Bit pf. 43 47 Belt! I, pf. 08 100
A Bt S pf.. 75 811 Harnett L. 23 03
A Ilk Sh pf 87 80 <lo pf.... 73 90
Am Coal.. 35 .. IlamsdallA .. 30
A Cot O pf. 70% 75 do B 58
Am Expr..l33 138% Barrett ..129 130
A Bhlphldg .. 10?l Beech Crk 25 35
do pf K*t Beth S 7%. !M> ?
A Hint It pf 01 02 Bk E'llson. 90 03
irnS Sec A 79 80 Bk tin Gas 60 ill
HtlFdy pf 94% 85% j BrownShoe 3(1 40
AmSug pf.105 107% do pf.... 90 85
A SumT pf 93 87 Buf It. Sus 7.3% ..
\m Tob pf 00 91 do pf.... 43 50
A tVhol pf 01% 95 Buf R * P 00 85
AmZtncpf 40 42 do pf.... 00 1<K>
tun Arbor 15 20 Burns B pf 99 110
do pf.... 23 31 Bush Term .. 85
tDryll 2pf .. 51% cnl Pae pf 80% 80%
ttlasTrk. 22% 23% (1*1 A Aria 82% 54
\t Coast D 95 Od Can South. 30 50
\t nsftn.1100 1150 Case Plow .. 0
do pf....!05 107 do pf 05
OFFERS THEATRE STOCK.
I.nrw Olrlirslrs Anniversary of
Opening
Official announcement, made yctcrday
by Marcus Loew. explains the plan
of offering stock of Loew's. Inc., to
natrons of the Locw theatres. In connection
with the celebration of the titrenth
anniversary of Loew's New York
heatres, he said, he Is offering a Mm
I mnouni 01 morn in patrons "11 ?
r>nrtlRl payment plan that his offer
?ay be within reach of all. That ato< k,
ie said, represents an option on a
imlted amount of aharea atlll remain'n(f
In the handa of the syndicate which
recently provided additional capital for
'.lie expansion of the business.
The price at which the stock Is offcred
la 122 a share on a partial payment
plan coverln* six months.
nnoAOWELf. riionrrTioN*.
Ilroadwell Productions, Inc., has 1nmcased
Its capitalisation from $.1i?Vi00.
represented by 60.U00 shares of common
^tock, to 22,800,000, represented hy .W.'OO
aharea of common stock, par value $10,
ind 900,000 shares of preferred stock,
r?ar value 210, payable at 8 per cent, per
innum on the common and 10 per cent
on the preferred. The recapitalisation
has been approved by the Secretary of
state of the Commonwealth of Ma^sachusatt*
I
TUESDAY, NOVEMBER 9,
jts the a^viaabUity of
Bank which has debuilding
up a helpful
for business men.
7IELD
al Bank
AVENUE
rd Street
broadway
i .
>0,000
: Oregon j
i 4'/2S ;;
tid October, 1926 to 1944 inclus ve
nnual interest April 1
>le in New York City j
ederal Income Taxes
Savings Deposits at market
>ver par.
igs Banks and Trust Funds
d all the New England States.
o of assessed valuation.
:ensus, 783,285.
IRITIES
'Price %}'{ & Interest
At prices to yield 4.85%
Price 96 & Interest
A . _ I J M OftA'
At prices to yield 4.ou->0
ular on request
Remick, Hodges & Co.
New York
>. R. L. Day & Co.
Boston
;
?
D QUOTATIONS
litd. Ask. Mid. Ask.
Case pf... 85 80 Math Alk.. OP !' "?
CRIlofNJ. 221 235 M.'i> MS pf CP
Cert I'lvd. 40 f.l M. xl'i't pf 'J'2 1'mi
do Kit pf ho .. Midi font. Ifi C5
il< 2d pf. llh* .. MI'.-SM... 83 hi
Chi tt Ait. 0'4 ii do pf.... ?:i or
Cltl B 1 Ct.. 0 12 doll.... 66 6h
db pf !> I'd Mor & E.. 00 h"
CStPAO... OI'H TO Mont Mow 62 01
do pf CD 02 do pf.... 05 Oh'.
C&NW pf.110 115 MulllnsBpf 7.1 ..
CCCAStL.. 50 ? StL.lOl 112
do pf.... 0.-. 70 Nat Ills pf.105 100
Cli'vArittF i.o NatC&S pf 70 78".
CI l'eah pf h7 01 Nat Ld pf.102 100
Col 'IV I pf uo 120 N Ity M lpf 8 14 1
Col It 3 pf. 52 54 Ij Nl l.xdrW 78 Po
do 2d pf. 40 51 NVCSI.lpf 70 7'.
ColHrph pf 72 7/ NYDock pf 45 47 j
Comp Tab 42 4.1 NYStateRy .. 3"'s !
<k.n elk pf 80 hiVj NuigFM pf .. lot i
Con Coal M .. K-". Norf I S.. 18 22
ConCar pf PT'i 100 North Am 68 oo
Ccp Inhur. f-8 71 NunnuUy.. 14 15 .
Crex Carpt 55 6I? Ohlld I- Ml lPtfc 18 ;
Cub AH pf. 0114' CC'i (tkla Oil... 3% 3'i i
Pu Biers 20 2". orph C pf .. 05
Met Edison 07 100 OwensU pf 05 100 i
not*Mark. 09 106 Pac Coast. 25 40 j
I>t United .. P.I do 1st pf 00 100 j
niam'd M.107 110 do '2d pf. 45 60
Durham H 37 80 Pan T & T 41 45
do pf... PI* 0.1 do pf... 801* 00
Elk HF pf 35 37 IVorla.%:.. 12 15
Elec Sfor 110 125 P< ro M pf. 48* 63 ?
Kmor Ilrar. 11 t" do p p... 61* 62'5
do pf 70 Pet-Mul... 34 45 ?
Endlo J pf 00 02 do pf.... U2 110
F.d M I S 0% 11 <4 Philip J... 25 40
r alrbank*. si% M i I'tineo pr hi Mtt]
On C lt m.HO l.r.o PCC48IL.. 8.1
<io at.. . w n;t htti > 1 pf. so W
i ,on riR Pf 8? 83 I'KWf' pf.113 12U
do dob pf 84% 80 TAWVb pf 77% fed
C.ulf M.CN. 13 13% Toml Crk.. 1.7% 1H
c.uif.?tMpf f0'4 ni rr Kt C pf. Oii% lio
Malilrs Kl. 13% 13 ?'ub Serv.. 02 08
HKfllwn.. "1 73'i Rud S3 21
Harv pf. .101% 107 U. ii a bar .. 110
!ln< k Vol. r.S .. Ilobt T'U. 10-i 1314
My lira I Stl 23 2314 do pf... 70 80
do pf. ft" Rom lot pf Prt
lilt A*rl. . 10 1014 do 2.1 pf .. OOP.
lot MT Ipf 73 73 Stan Mill..110 120
Int Nick pf 83 8" do pr.... 75 78
lot I'nn pf 0.7 103 Ftern B pf. .. PO'.,
ilo pf *t 70 71 PtuiP b pf.. 8.7% b7
Tut Fait... f.7 .. StJoal^ad 14% 1.3
lovatVnt. 10 11 81o*a-S pf. 81>4 M'/i
.Tone* Tea. 17 20 PtfrPK | f . 41% 41
K.'l'is pf.. 33 .. FPattnok.. 7 7'i
K.vlvr lpf.100 nr. 8 1' Sugar.106 110
K Hp T 0% 77 a* do pf.. .10.'. 108%
do ?l.... ft 01 Tom'or D 43 43 .
KelWht pf .. 00 Try:.* Co.. 48% 48%
k?o i r>M n io Tob rr pf 8r. mi .j
do pf.... 23 30 TFiI.4 Vpf 1.
Kri -.p .-8.121% 14.) T ' In City 38 10
.to |?f ... 01 ! >? do pf. . . CP4 8.3
Kr. as 8 II 70 110 Undirw'd 139 I7u
1,1- .In*. . .31 r.3 do pf .. .101 117
I.AM pf .100 103 TJCIgdta.llO 130
;.orird pf 100 103 do pf. ..100(4 no
I.. osr-W. -an .77 U Dmjrlpf 4.3',4 40
do 1*? pf 03 101 do 2(1 pf. 03 ,.
do 2d pf. 104 113 Un Dyrw'd on pn
Mnlllaon.. 10 1.3 U S ICapr.. 6% 7
.io pf ... 67 ?o nof'ir rf n% 42
Man r.nirh 1% 2'4 t'SInAlo pf 02 PI
Man F.l 8.. .. 30 I'SFm't pf 43% 13
Afndcny... 01 03 Va Uy A I" .. 4.3
MnnSugpl P? 83 Wab pf U 19 21
Maxwell... 274 3% W. at Ipf.. 112 ?3
do t*t<T>f 014 |1 Woolh pf.105 Id/
do 2d pf. 3 5
PRODUCE MARKET.
nt'TTI'R?Creamery, hlebcr TPan extra*,
lb., (M\47/6.3c.: e*tra*. 92 ecnr*. 04c.: flret*,
I f<0 to PI ecoro, fl6?415%c.: flr?t?, 00 to on
ore, 40?34c.; aecond*. o.i to 07 ?ror?i, 4Oft
i . lower grode*. MfRg . I>*nl*)i oa?ki,
| "'."die.; unaalied, higher than exira*, ?d l(
C7r.; extra*, 044103c.; finite, 401103c.; *er(
11rle. 49) 17c.; Mot* dairy tuba, flncet, 0071
02n.; good to prime, .3O4T.30c : common to
fntr, Jl|(|f49b.; renovated extra*. 46#47e.;
ladle*, current make, flrete, 37 U 18c.; aeronde,
34?S9c,l lower grade*. 324 330.1 packing
?toclt, current make, N'o. 1, 44c.; No. 2,
.".3c : lower erode*. 3ftT?12c.
PHKEKFr?State, whole milk. held fists.
specials, Ih., 27lJi2Se averse" run, 2t?23c.;
fresh specials, 24?2.V.; average run. 22'<.?
.\'le.; low r grades, 5IVV22r.; twins, held!
noctals, 2tltyt|27Vtr.; gverai'o rtin. 2102"'-.
WI*consln, hold twln?, 2 .V<,?2d'4e.: single
I 'aisle*. hold. 2flH '/27Ho.; Uoublo Daisies,
V" Id, 2<l'Tf?27Ho.: Vounit Americas, hold,
IIHr.; eklnvs, hold spm lats, |S<f20o.; prime
choice, FWMTHc.; fair to good, 12? ;
1414c.; torver grades, 10c.
KO0A- Fresh gathered extrAj, doron, 00? St
? ?tn? first*, SO?02c.: first". 74?7H<-.; nr
I ' iid?. (|r,ff72r.: dlr'l' *, No. I, f.2?".tle.: J2
>, t<?, fnlr to cholco, dry, 41" I Of ; rrfrliier n'or,
*i*'< lal murks. rnncy, 7i7'/.">8i-.; first*,
"ti'flc.; second*, RISftHr.; State, Psnnsyl- *'
\ inlo ?nd nearby ffctn rn honnory whl'c*, Mi
xtrn.. WVftpac.; extra first*, flOfftMc,; firsts, |
?l?irS*c : ca'hered whiles, first" to extra Si
firsts, *l#94c.; under grades, 70ftS2e.; ptil- c]
lots, nr.fi SOc,; Pacific const whites, aversK" fr
l>cst, 00c.; fair to good, SUfSSo.; medium oh
*!r.?, TMlSOc.; small, 0.1370c ; other West- or
crn nnd Southern gathered white*. (10?*%-..
F'nte, Pennsylvania nnd ncarhv Wsstem hen- hi
nery browns, extras, so?oor gathered rn
brown nnd mixed color*, graded extras, S3ff ,r
S.".".; flr.it* to extra flrnts, T4?*5o. 2'
rOTATUKM-Mains, 180 lbs.. $3 75*4.38; u
1920.
l I * i ? >
Hill I II I III"
Neve Issue
The Per
&
Ten-Year 8% E
Dated November I, 1920
From a letter signed by Mr.
The Company si
ohAiif civ hi inrlrnrl
including Youngs
The Company als
subsidiary compa
developed, prospt
United States.
These notes will
General Mortgag
bonds being pled
Net earnings for
prior charges, e>
earnings for the
on total funded <
light and power |
Power & Light C<
in kilowatt-hours
Notes offered when, ns and If is
AH !e(?nl details will be passed upc.
Sullivan & Cromwell, of New Yo
amlncd and reported on by Ston
Price 96 and
Bonl
25 Nassau Street
Th.
bee
Mexican Eag
Company, Lt
Common Stock
We have Drepared a
successful company.
It is con'ro!!e-i by the 1
is the second largest sh
rM-itenfinl oroduetion is s
barrels of oil per day.
?ef ner of oil in Mn co
upwards of 70,000 barrels
In 1919 dividends of 45
paid, together with valu
open market at $18 per si'
Copy of
be furntsI
SUTRO E
Mevibers Net
120 Broadway 5"
Naw York
TB
NATION/
BA1
OF NEW
214 Brc
^^Vtw NXnONAI !
Organized to lian
transactions of
world.
Establish
Safe Depos
__
sta, I3.60CT4. tfrO lb*.. $3#3.3S; I.oriB I?1 - I
nl. hltl , f44M.SO; round, IWt Ib.i , '
TM3.3S: lofiK. 18ft lbs.. :t 2": l.vi II - .
No. 2, bbl., ?1?2. J.niHi. rti, bbl I
"rf*9.i2f>; iwti, Jrrsry, basket, "Vf i
Maryland. basket, ilk flit in; .Southern, I
d? |:wn no. n? M . ?i M#t (
fill I THY. DHI'.SHKII n r. II Kit
irln* turkeyp, dry or tod, lb.. t-MMto.
HIi'kKNS-Nearby broilers, lb.. 4'. Hr.l
>er*. <Ht( *?.; Virginia broilers, .'i1 ilOe.,
tokens. 2fHf.Hr.: Western dry |)teke<t broil?,
b?*r?, ,1l<Mfte.; fryers, IU-42 lb* to
iron, aiifMe.; rnastar*. ,1Mf41r.i brollrra.
il?., aitfl.Tflr. | lord nhlrkrns. 3l*>.l2r
aals, 3VJ3flr.; Western Ir-d, bbl* , broil
*, 2 lbs. rarh *nd nndrr. 8Wf34r. ; fryers,
i 3 lbs. earh, 88032c . roasts, b'.fc 4 lbs 1
id avar, 82036c, kXJWUH-Weatarn *r>
$2,250,000
insylvania-Ohio I
Light Company
Sond Secured Sinking Fund <
Du
R. R. Stevens, President of the Company, ice
ipplies electric light and power in a territoi
square miles midway between Pittsburgh anc
town, 0? and serves a population in excess
io owns certain electric railway lines directly
nif s. The territory served is one of the r
:rous and rapidly growing industrial secti(
be a direct obligation secured by pledge of
e Bonds of the Company due November I
gcd in the ratio of 150% of bonds to 100
the year ended August 31, 1920, after de
tceed five times annual interest rcquirem
same period were equal to 1.57 times inter
debt, including this issue. The growth of
properties to be acquired by The Pennsy
ampany is indicated by an increase of more
during the past five years.
sued and delivered to us. subject to approval of !" *?
n by Messrs, Wlnthrop & Htimson, of New York, for th
irk, for the Company. The Company's pro;>ertics and
e .t Webster. Inc.
accrued interest, yielding ovi
Write, far circular
aright & Compar
lncorporatea
c* above Information. wl,i!o not ftuarantMtl, haa
11 obtained Irom sources wo believe to Ik- aeeuruti .
! Bn
leOil ?
d! Do
Int
Int
I.o
Mm
M<
| ?
special circular describing this
On
Wi
Royal Dutch-Shell interests. It "
ippcr of oil front Mexico. Its
tated to be upwards of 250,000 At
I ins company is ino r>?
and has a refining capacity of Pa
daily. P'
Sti
\% upon par (S10 M:x.) wire
table rights, which sold in the ,
| |
our circular will |
ied upon request.
iROS. & CO. n=
o York Stock Exchange
f St. Francois Xavier Street
Montreal
[E
VL PARK |_
SK _
' YORK ' h
iadway
^ vtrr.*
HF
die the banking
the mercantile nr'n!
! ''<1 I
>nd I
! x 4th<
KOKl
cd 1856 ""ft.
.. , Vs*
it Vaults.
'I C
drhrd, mlik foil. boxes, 2? r.'Oc : rorn f? ! J
,'iSc.; dry picked nnd Iced, bbls., ;
ltd, '.T't/.TIr Ol-D COOK?-Western. 21
ti'.'iit lil't'KH I.onu Island, froxm, 4i>r ,r
Al'.- l/irnt , whi'e. ? Id I' 'i l> ti V&5S
rt-7 lbs , dark, $.7, lit KM _
KtPORTS moM HEW YORK. NC
Export* front New York yesterday !
Wboat, 23.867 bushel*;; rye, 85.766 ...
bvi'helsI flour, 15,618 sacks; beef, 50 | Na
tlcrrrs: bacon, 2,818,800 pounds; lard., r."
1 578,000 pounds; tallow, 00,000 poundn; ^
Itiass seed, 200 bags; lubricating oil,
617,260 gallons. .
1
+ 15
5ower
Gold Notes
e November 1, 1930
summarize as follows:
~y covering
1 Cleveland,
of 300.000.
or through
nost highly
jns in the
$3,375,000
, 1930, the
% of notes.
^ducting all
ents. Net
est charges
the electric
Ivania-Ohio
than 150%
il details by otir Counsel
l* O an Iters, and by Messrs.
accounts have boon rxer
8.60%
ly
New York
Jl
sli itiilldinKH 5s 19B0
vp. Term. 4 Vnlley 4s 1895
nsolldutliin Coal 5s 1950
nver A ICIo (.randr Imp. 5s 1889
minima Rep. 5s 1958 4 1938
ernatjona| Paper as 1941
prnaUonnl Suit 5s 1951
uIhyIIIp 4 Jeff, l'.iid^r 4s 1945
mnolia Petroleum <>a 1941
Knn. 4 Te?. 1st ht J8M
w Amsterdam (las .Is 7948
w York Tel. 4'i? 1939
UtliH. Council llluffs SI. Kv. i??k
nsliiilicton H itlf r I'linrr 5* 19;i9
ii ynr t'nal On 19:17
r*t Vn. 4 Pitt*. 4* 1990
iiinflr 1.1,hoi Preferred
?* Kncland Fur! Oil
irafflnr Paint rid.
nnu. foal 4 <0ke
imdurd Paint
DUNHAM t|o
* Investment Securitie^^*
J Exchange Place. New York
Xcl.pl,ore, a;oo Id Hanmr,
loosmtt & Mott,
Founded 1797
Seasoned
Investment*
30 Pine Street
New York
. R c . .?r. & Co. Will Seil
100 .Mr Itrdnrllon
100 Aim-is 4 .mniimlit PM.
WMl Arolimi H rhf r I*. & P. Com.
t"> A'm r. I lllmsrnplilr Com.
100 Clinrhfit l<l 1 o.il Com.
.">0 4 ilr of Nm Vork ln?.
100 ( IIjr luii-itlng Com.
.Vol l l-rnmn M.icnrfn l'f4
loo Int. Fur I'.vrHanir rfil.
I4KI Kirlil I illnln-r Com.
100 I "Inch \nllr> 4 on I S?1m
100 1 Iniii I.oi mnotlip 4 oni.
TiOO I oromnldlr 4 o. 4'inn.
loo V I. Mat'' ltv?. Colli.
.? >'.it. 1 it* Hunk Mtk.
Btt !{ :?11> A?l>nrl:lt<-?
10 Wall ">t. I.\< tinngr Bids. I
If R?PD If ArTft
lit .*? e vv*j vt vv?
* 4(110 T Mn I':0 Wull Wt.. N. Y,
Binking House of
NRY CLEWS & CO.
?rrsol N. V. Stork ?nd< otton Kirhin* "
3. 1 .17 aud 19 Bro?d St., N. Y.
err*I slkiwer] r.n mvounts Ml trio
Cheque Pt<*'k? #ivl Bonds II'"H'rl
Hold fur Oiirh Arid csrrtil on conn' r
term*. Cotton r<mir?id? handl ?t
H.N l.KT I I ICS OF < III III T IN.HIK l?
t?i>i|or? It
LIBERTY LiONOS
I :tj i I I Ih \?p. Ill I nlon Sijnjrs
i J ITS IIiioiio Hi. Ill Fust not it it.
|ll miri "St., I'.rnoMtn.
Weekly Market
, Review
Sent on request
ARPENDER,
CAFFRY & CO. |
XrW lift .s ".a F.irhnvt
1 Will St. 520 Fifth At*.
I It 1-1 lor .1(170 Trl S underbill 0810 I
A. NoMs TtleoOor# C. fimrlt
iBLE & CORWIN
Krnod St. Mfw lork
t. Bk. Cotn'ce Curtis? Aero Pfd.
uitable Trust Bklyn City R.R.
1 olr |thon? 1111 llrfiail
- ?????W
'nli.riSl

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