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The New York herald. (New York, N.Y.) 1920-1924, November 18, 1920, Image 14

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14 ?
75,000 Patients
who could pay nothing were
cared for in 57 Hospitals of
Greater New York last year.
It cost $3.74 a day for each.
They averaged 16 days.
This Work Cannot Stop!
United j
Hospital Fund j
Npai)? snn nnn
?vv?av Y * J V V V J W V
by November 29th
WILL YOU HELP THE
SICK-POOR?
Send checks to Albert H.
Wiggin, Treasurer, 57 Broadway,
New York.
This Space Contributed
'
White, Weld & Co.
14. Wall Street
New York*
111 Devonshire Street
Bostor
> I
I jv
I
I I
| Munds,
Rogers &
Stackpole
[]
'
! Philadelphia |
1 Company '
of Pittsburgh
Our tpeeia le'ter.
sent upon request,
discussal ihU properrv
II
MEMBERS
N. Y. Stock Exchange
N. Y. Cotton Exchange
Chicago Board of Trade
25 Broad St.
Uptown Office
16 Vanderbilt Ave.
Including Youngstown
and other important centers
of a great industrial district,
this company serves over
300,000 people. Net earnL
ings now Si.977.063 an- J
nually. p
Pennsylvania-Ohio
Power & Light Co.
10 Year 8% Bond Secured
Kinlrintf l nnrl ( nld Vntno
Price 96 and Int.
To Yield Over
8.60% J
for Voider (1-ei
f Hollister, h
White & Go.
#2 Crdir St, cor. Trinity Pi.
w:w VOHK
'? *i
; - * .. ?. .v :
Seven per cent
Dividend Return
Guarantee?i
by one of America's
strongest Railroad Syr
terns whose averug"
earnings are about 9
times the amount required.
Description and Price
sent upon request
Joseph UJalker * Sons
Found.*! 1?W>
Member* N'W York Stock Excitant*
61 Broadway New Vork
Telephone Howling fire en 7040
fit'A It A NTFKI) STOCK*
1%'VHHTMI'.NT aoMis
I
1
L
FINANCIAL NEWS '
AND COMMENT
?
i General Liquidation Spreads
Over Stork List, Knocking !
Prices to New Lows.
I
l
MONEY IS MUCH EASIERj
Rails and Industrials Get Vio-j
lent Glows?Faint Rally
in Last Hour.
Those Interests which detected signs ,
of returning confidence in the financial I
markets on Tuesday had their theories I
very rudely upset by what occurred in |
yesterday's stock market. Instead of a i
continuation of the recovery, as might
have been expected In view of the hopeful
tendency displayed by stocks on the
preceding day, tha market was sold
again almost from the outset on a
statement which was given out by a
group of bankers following a conference
at the close of business on Tuesday.
That statement was obviously designed
to chi cr the financial community, and
particular stress was laid on the banking
situation in order to reassure the
speculative public. But at the same
time, while emphasis was laid on the
soundness of the general financial situa- j
tion, the statement carried unfortunately
a suggestion that the bear party j
could go ahead with the selling without j
fear of serious opposition, that Is to
say, providing the decline continued orderly.
The statement thus proved a boomerang.
and, after an hour of so of uncertainty,
another violent attack was
launched at the share list, and It carried
prices down to now low records
for the \pnr With the weakness of
stocks came fresh selling in cotton and
grains, which had shown rallying tendencies
on the preceding day. It Is to
he recorded in favor of those markets
that the downward tendency was by no
means as violent as it was on some days
last week, but it was plain that the
statement had upset all calculations for
a rally. Although the general tendency
of those markets was discouraging,
there was at least a ray of hope in the
continued upward tendency in the foreign
exchange markets, in which there
was another very striking gain in sterling.
The money situation also gave
Wall Street hope of encouragement, the
rate for new money getting down to fi
per cent, for the first time tills month.
This, however, was ignored. There was
a semblance of a rally in the last hour,
but it was more on account of short
covering than it was a reflection of
easier money or even the exchange
market. *?
As was the case last week the liqui
datlon was very general again. It
Involved the high grade railroad stocks
as well as industrials, although the selling
was more violent In the ease of
the Industrials. There wore sharp declines
again In Baldwin, In the steels
and In the motors, but the shipping
shares were really the hardest hit of
all. As a matter of fact, the break actually
started In American International,
which was sold from the start an
expectations that Its directors would
eliminate the dividend at their meeting
to-day. The weakness of that stock
was aggravated further a ?ood deal
by a report that there would bo a
shake-up In the management of the
corporation when the dividend wrs
eliminated. From that stock the weakness
gradually spread until It had Involved
the whole market, and once more
stocks were thrown overboard without
regard to value. Such Issues as American
Car and Foundry and others suffered
severe declines under the pressure.
The money situation was a good deal
easier than on the preceding day. There
was no change In the renewal rate from
that of Tuesday, but the drop to <5
per cent. In the last hour Indicated
that still further ease In money might
be expected to-day The money situation.
however, was overlooked entirely
In the struggle to sell stocks. Just as
has been the case several other times
this year What this showed was
what experienced observers have been
maintaining all the way along, namely,
that It Is the general business situation
and not necessarily the money situation
which is hack of the present decline
In security values. The continued recovery
In sterling yesterday carried It
to above *3.47, which represented a
rally of more than ten cents In a day
or so. Along whh the rally In that
exchange came further Improvement In
all Continental rates
MONEY AND EXCHANGE.
CALT. MONEY.
HlRh 8|L??t 6
Low > Renewal* 8
Veer's high 2." V? ?r'? tow ?
CLEARINO TIOfSK STATEMENT
fleurlnc Houko (-M-hange*. $Vkl,737,2721
balance*. |H7.2*d,i!47; Siib-TrrBHury debit
I balance*, 61,.3Ht.!iKJ federal U?**rvn credit
balance*. MA.OM.Ht.
SILVER MARKETS
Official bar ?ll?"r In New York: Domestic.
W|c per ounce, unchanged; foreign. 73\c.,
up 2Hc London. 6IXd.. un VI ; Mtilcati
dollar. WV.. UP IScCANADIAN
EXCIIANOB.
New York f-.in.ie in Montreal. 1121 *8 preru'um
per 61,000; Montreal fund* In Now
York. lu8 #4 j? r 91,000.
KORKIUN EXfllANRE
Ureal ftrltaln.
I'arlty Wednesday. Tuodsy.
*4 8<W> 1-nintnl. e'< rllio; . Id ?7H 83.4.114 1
Cable*. sterling... 3.4814 .1.44
Kankn*. 60 day*.. 8 44 8.3984 !
Rankers, 'Hi dare.. 8.4? 3 3784
The I'ontlnent.
19.30 rranee, tenia a frane:
Demand 6.07 1,01
fabled 0 08 8 112
IP 30 llelgltmv, cent* a Iran*:
Ikimand. 0.11 6.24
fable* fl.42 6.28
IK 30 Pw Itr.irland, cent* a fruno*
1'emand 15.02 1.3.57
fable* 15.0.3 I8.K0
10.30 Italy, cent* a lira:
Drinnnd 3 61 3..V.
fable* 3.82 1.50
fS.no (lermaiiT. cent* a mark:
t>*mand 1.40 1.39
fable* 1.50 1.40
20.80 Fwedun, cent* a krone:
Demand 13.20 10.00
fable* 10.2."' 10 0.3
20 80 Norway, cents a krone:
Demand 13 41 13.30
f nOIe* 13.50 16.35
70 80 tierimark. cent* a krone:
I>emand 1.1.4.3 1.1.35
Cable* 13.50 13.40
13 30 Clreere, i-ent* a drachma
Demand t'.lO P. 10
6 16 t.io
4
i
THE NEW Y(
NEW YORK
1920.
Day's salt's 1,088,0'
r-Cliutnir. ~-|LHv. j" Ft
Bid, i Auk. ;in? Sales, f (
21% 23 | .. 000(Advance Kumely
32% 33 } 4 600 Ajux Ruiiher
1 %! ..[ 1000 Alanka Gold M
1% 1%! .. TOOjAlaska Juneau O M
6051 [ .. 2100 Allied Chem & Dye w 1..
28 29% [ 4 2000'Allis Chalmers Mfg
70% 71 7 100 Allis Chalmers Mtg pf..
70 72% 8( 600L-Vm Agrlc Chem
39% 60 81 300 Am Heet Sugar
67 69 10 TOOiAm lJoseh Magneto
88 89 7 201 Am Brake & S Fdy pf...
24% 25 .. 6500 Am Can
88% 84% 7 100 Am Can pf
121% 125 12 8600'Am Car & Fdy
21% 22 I .. 20001 Am Cotton Oil
8% S%j80c 1100,'Atn Druggist Syndicate..)
127 130 1 8 900! Am Express :
7% 7%| .. 400 Am Hide & Leather
48% 49 i 7 2600|Am Hide & Leather pf..i
??*i o zzaowiAm international corp..I
0 30 j lj 1001 Am La France Fire Eng.;
58 63 j 31 1300 Am Linseed Co
841* 87 I 71 500j Am Linseed Co Pf
82141 S2T*: 61 72001 Am Locomotive
22 I 24 ! .. 3001Am Malt & Grain
1014 t0!*i ..I 400 Am Safety Razor
Tilt "2 4! lOOiAm Radiator
121*1 13V*i ..] 4100]Am Ship & Commerce...
47 V* i 48 4 10600! Am Smelt & Ref
86T4 87 7] 200;Am Smelt & Ref pf
74 1 7644 C1 lOOjAm Smelt Sec A
31 1 311* 3| 1900!Am Steel Foundries
821*' 86 7' 7001 Am Steel Foundries pf...
97 I 97V* 7t 2600!Am Sugar Ref
105 107V* 7 100'Am Sugar Ref pf
7144 7244 10 4600'Am Sumatra Tob
994* ! 99*4 81 1200iAm Tel & Tel
108 jlOsl*! 12 2800] Am Tobacco
105 107 I 121 1200 Am Tobacco 14
63 j 631*] 7 8700(Am Woolen
41 I 42 j .. 400 Am Writ Paper pf
714] 81*i ..| 300 Am Zinc L & Smelt
40v*t 4014i 4; 13700]Anaconda Copper
19 ] 20 41 6001 Associated Dry Goods...
1001*1113 C| 200 Associated Oil Co
821*[ 831*' CI 4800)Atch, Top & Santa Fe...
77 ! 78 ' 5! 700'Atch. Top & Santa Fc pf - ]
7 I 71*| -.1 200[Atlanta, Blrm & Atl j
89 j 93 I 61 800'Atlantic Coast Line
10914 'HI | 10; 7200! At, Gulf & W I S S
66 ] 5SV*j 5 1001 At, Gulf SWISS pf...i
701* j 75 [ 7 100[Austin Nichols pf
974h 971*1 7 60500!Baldwin l-oco Works
97 '100 | 7 100 Baldwin I^oco Works pf.
3844l 39 I ..I eaoolRnJHtv""? x. ouia
50%| 51 % 4| IOO]Baltimore & Ohio pf \
112 1117 8i COO (Barrett Co
) .. ..] 200(Barrett Coem Ch con ctfs
2%j 2% .. IGOOiBethlehem Motors
57 I 68 51 600! Bethlehem Steel
103 (104 I 81 30o!Bethlehem Steel 8 p c pf.
57Ms I 58 I 5 94001 Bethlehem Steel B
4%! 5 .. 900'Booth Fisheries
12 ! 13 .. ICOOlBrooklyn Rapid Transit.
7%! 8 ..] 600 Brooklyn U T ctfs of dep.
55 62 .. 400' Brooklyn Union Gas
86% 87 10; 300'Burns Bros
11%I 12 .. lOo'Butterlek Co
5%' 514 400 Butte Copper & Zinc....
12 ( 12% 900;Butte & Superior Cop....
15% 16 ! .. 1400 Caddo Cent, O & 11
65%' 66 ! 6 lOOOlCalifornia Pack Co
19%| 20%, ..1 ISOOiCalifornia Petrol
65%| 67 I 71 100[California Petrol pf
47 I 50% j 4| 100(Caluniet & Arizona
115% [116 1 101 11300|Canadian Pacific 1
37 37%i ..1 2600 Central L/eather
87 j 90 ) 7) 300(Central Leather pf
S3 33%! 4 1500 Cerro de Pasco Cop
I 41 j 4i 500'Certain-teed Prod Corp..|
74 I 76% 101 4300;Chandler Motors
60%l 61 J 4 j 3800(Chesapeake A Ohio [
j i o i ..i svunjnicago & Alton I
8 10 ..I 200|Chlc & E III Eq Tr etfs..
8 9 ..J 300!Ohio & E I pt Eq Tr ctfa.j
8%' 9 1 ..I 400(Chlcago Gt Western !
22Vi 22%' ..) llOOjChleago Gt Western pf. j
35%i 36 .. 3800 Chicago. Mil & St Paul..
52%! 54 i 46001Chicago, Mil & St P pt...
77% i 78 [ 5' SOOjChicago & Northwestern.
30%' 30% .. 13200;Ch!cago. B I & Pacific...
65 | 67 6 300]Chlcago. R I & P 6 p c pf.
77 77%! 7 1400 Chicago, R I & P 7 p c pf.
12% 12%l .. 6400lChlle Copper
20%! 20%11%i 1400;Chlno Copper
48 ] 53 I ..1 lOOjClev, C. C & St Routs....
21%' 22%! 12100 Coca-Cola
29%! 29% I 3! 700" Col Fuel & Iron..
28 i 30 ..I 200'Colorado & Southern !
53%j 54 5j 800,Columbia G & Eloc
13%| 13% li 8400 Columbia Graphophone ..
39 | 40 4! lOO Comp Tab Record
54 55 7 400'Consolidated Cigar
75 I 79 7 200lConsolidated Cigar pf...
80% | 81% 7' 1600,Consolldated Oas
7%: 7% 2| 1300!Con Interstate Cal Min..
mo . o .ivu v unsouuiutu leAiiie ....
61 .65 ] 7 100 Continental Can
5%I 6 ! 1 2800'Continental Candy
74%' 74% | 4 19600'Corn Products Ref
100 101 I 7 300;Corn Products Ref pf... 1
34 I 85 |2% 2500iCosden & Co i
101 '101% | 8] 22400[Crucible Steel Co M
32%' 32%! 41 4900'Cuban Am Sugar
26 i 26%; ..[ 5300 Cuba Cane Sugar j
6=, | 69 j 7 400 Cuba Cane Sugar pf !
101 ,101%' 9; 300 Delaware & Hudson '
200 1225 ! luj 100,Del. Lack & Western. j;
1%I 1% .-I 1700Denver & Rio Grande
1%. 2 470<?;Denver & Rio Grande pf.
11% 11%I l1 lSOOIDome Mines !
7 I 8 I ..| 2001Duluth S S ft Atl pf
18 I 18 I 500'Elk Horn Coal Corp
55 | 56 ! 5 1600! Endicott .Johnson
15% 15%! 111001Eric
23 23%) .. 2300 Erie 1st pf
17 17 Vb i #00! Erie 2d pf
.. 47V4! [ 100! Fairbanks Co
48 47 8; 8700 Fam Players-Losky
71 78 | 8 100 Fam Players-Lasky pf...
26V4 30 7 8001 Federal Mln Smelt pf.|
15Vi ( 15% 3 1300!Ftsk Rubber I
16% | 17 .. 650 Free port Texas I
4 I 4Mi .. 900 Gaston W A Wlgmore.. . j
60 61% 2 SOOlGen Am Tank Corp ]
140 8 100;Gen Chemical Co
55 56 6| 300 Gen Cigar Co J
82 86 j 7! 100 Gen Cigar Co deb pf....
118% 119V,I 8| OlOOiOen Electric Co t
13% 1364 t 1 1*1001 Gen Motors I
66 67 61 200iGen Motors pf !
6064 6164 6l 13001 Gen Motor Corp deb !
70% 71 7! 1100.Gen M Corp deb pf 7 p cj
40 6, 41% 6( 2300 Goodrich. D F I
18 20V*' 300 Granby Consul M & R...|
79V* 79Vte! 7i 8600 Gt Northern pf
306, 1 31% 4 800 Gt Northern Ore ctfs.. .
22 I 22%! 2j 600!Greene Cananea Cop....
12%i 17 j 2| 400 Ouantanamo Sugar ....
25V, 27 I .. 100 Gulf. Mobile & North pf.
89% 40 ! .. 300|Oulf States Steel
70 74 7 200 Hartman Corp".
17 18 .. 100! Hendee Mfg
54 66 4 BOOOiHaskel & Barker Car...
10% 11 | 1 1300 Hupp Motor
23\ 26 I 8 lOo Hydraulic Steel
81% 82 I 4200 Houston Oil Co
87 89%' 7 700 Illinois Central
6% 7 !60c 100 indlahoma Ref
83%| 81 4 4700:Insplratlon Con Copper..
l%* 5 .. 1100 Interboro Con Corp
13%: 14% .. 400 Interboro Con Corp pf...
15 1 16 1 .. 1300' Int Agrl Corp
67 68 | 6 100;lt,t Agrt Corp pf
94 I 07 ?! 1900 Int Harvester Co new...
13% 14 3400 Int Mer Marine
61V 62 6* 11900 Int Mer Marino pf
31 % iC% . .1 100'Inter Motor Truck
56 69 71 20O Inter Motor Truck 2d pf.
14% 15Mt . [ 4000 International Nickel ....
56 68% .. 8000 International Paper
72 72% fi! 800 Inter Paper pf atpd
24\! 25 .. r,900 Invincible OH
86%' 30% 3,,0 Iron Pioducts Corp
5 ! 6% .. ?300|Island Oil & Trans Corp.
10%' 15 I .. 100'Jewel Ten pf
16% 16% 2 600 .lorya Uri?? Tea
20% 204* .. 2600 Kansas city Southern...
45 45% 4 100 Kansas City Southern pf.
40 41 19001 Kelly SprinufieUl Tire...
44 46 .. 100 Kelacy Wheel Co
19% 19% 2 ( 6400 Kennecott Copper
10% 10% 1.20 2X00 Keystone Tire A Rubber.
6] 820o!Lackawanna Steel Co...
jg% 19% j| 400|Iiee Rubber A Tire
10.80 Spain. cents a P9!,e,*= .???
Demand 13 06 12 00 too 82 Pb
Cablea 13.10 12.0.1 j->(
40 20 Holland, cents a florin- c?
Demand 30.28 20 00 TM 00 Hi
fables 110.3tW 80 00 r?
61.40 Russia, cents a ruble: ft
100 rubles .85 7> 48 60 R<
ROW rubles.... 7."> 0." I>,
20.80 Austria, rents a crown: (.'?
Demand 31V, 2H 40 84 Y.
Cables.. .33 20Vi p.
m.CO c-cecbo-Plovakla. rents u rrown: C(
Demand.... 1.20 1.12
Cables 1.30 1.13
10.30 Rumania, cents a lei: 38.44 Rl
Demand 1 64 1.41 Di
Cables 1-44 143 G<
%
3RK_ HERALD, TH
STOCK EXC
WEDNESDAY, NOV
1919. 1918.
79 1,730.900 523,900
)pen- |High- | Low- | Clo?- | Net
Ing. | eet. | est. | lng. I Chang*.
31 I 21 | 20 20 I ? 1%
34 | 34 33 38 I ? 4
1%' 1% 1*4 1*4 ? 4
14 14 14 14i
52%I 53 504 50%, ? 1%
3041 304 28% 294' ~ 1%
71 ! 71 71 71
73% ( 73% 73 73 ? 2*4
59 | 59 58 58 ? 1
68% i 69 674 69 4- 4
8941 39 4 89 4 894
26 ( 26 24% 24% ? 1*4
834i 834 834 834 ? 1*4
1254!1254'121 11214! ? ?%
22%! 23 21 | 21 1?2
8%! 8% 7%1 8 ? %
127 1130 125411254 ? *1%
74! 7% 7*41 7 % I ? 4
50% | 50% 48% 1 48% ? 2%
51% 5- J 48% | 49% ? 3
?%' ?% f% 9% + %
60 : 60 I 54 ! 54 ? 8 %
86%! 86%| S3% 83% ? 3
85%; 8C I 81%. 82% ? 2%
23%, 23% 23 ! 23 ? 1%
10 10 10 10 ? 3%
72 72 72 I 72
13 : 13 12%: 12% ? %
50% 50% 47%: 47%; ? 2%
87% 87%; 87% 87%! ? %
75%j 75%i 75% 75% ? 1%
31%: 32 j 30% 30% r- 1%
85 j 85 j 83 S3 '?1%
08%: 98% 90% j 97 ? %
105 ' i105 '105 '105 + %
75 1 75 I 70% 72 ? 2
99% I 99%! 99% 99% ? %
115 1115% 1109 109 ? 6
114% 1114% 1108 109 ? 5%
64%j 65 I 63% 63% ? 1%
42 ! 42 I 41 41 ? 1
7%i 7% 7% 7% ? %
41% 41%: 40 40% ? 1%
20 ! 20 I 19% 20 ? 4
103 ! 105 ' 10276'102% ? 4%
85%i 85%! 82 % I 83 ? 1%
77% 77%| 77 77 ? %
7%| 7% 7% 7% ? 1
90% 91 90 90 ? 3
114 114 Il08%!ll0 ? 4
58 j 58 68. | 58 ? 1
71% 71% 71* 71% ? %
101%!l01% 95% 97% ? 3
97% 97%l 97%! 97% ? %
40%! 40%! 38% I 38% ? 2
50% i 50%; 50% ! 50%
115% 117% 112 112 ? 1
114 11C 113% 113% + %
2% 3 2% 2% + %
f.O 60 58 | 58Vi ? 2%
103% 103% 103 103 ? 1
50% 60% 56% 57% ? 1%
4% 5 5% I 4% ? %
13% 13% 12 ; 12 ? Hi
7%! 7% 7%: 7% ? %
61 i 61 ! 61 61 ? 3%
87%1 87%! 86% 86% ? S%
11%; ii%i n%' n% + %
5% 5% 5% 5% ? %
12 12 11 11 ? 1
15 I 15 1 13% 14% ? %
67 i 67 i 65 (65 ? 2
19%| 20% I 19%i 20
66% I 66% I 66% I 66%
48 ! 48 ! 48 ! 48 ? 1%
118 % 1119 115% 115% ? 2%
37%; 38% 37%; 37% ? %
90 ! 90 ; 88%; 88% ? 1%
34%; 34% 32%; 33 -- 1%
41 | 41 I 40 I 41 ? % ,
73%) 75% 73% 75% 4- 1%
63 , 63% 60% 61% ? 3%
9 I 9 I 8 ! 8 ? %
9%l io ; 9%; io
S7? 8% S%! 8%l ? %
o u. I o a; l i! .v. I a ( ? su.
23% 23V 22V 22*4 ? 1%
37 ' 37 ! 84%! 37.% ? 1%
65% I 55%: 62%! 52% ? 2%
78% | 78%I 77% 78 ? %
32% 32%' 29% i 30% ? 1%
65% 65% 65 65% ? %
77 5*' 78% 77%: 77% ? %
12%; 12% 12%; 12% ? %
21% 21% 20V*1 20% ? %
40% 40%; 40%' 40% -(- 1%
23 28 21 %' 22 ? 1
3! ; 31 ! 20%; 20% _ %
20 j 20 i 28%! 28% ? %
55%: 56 : 54 j 54 ? 1%
14%! 14%; 12% 13% ? %
39 | 30 I 39 | 30 ' ? 1
57 I 57 I 55 55 ? 4
70 j 79 | 77 | 77 ? 2% 1
82%: 82% 80 ; 80% ? 2%
88 7%| 7% ? %
18%' 18%' 17%| 18 ? %
60 I 60 I 60 ; 60 ?5%
6%; 6%; 5% 5% ? 1%
77%, 77% 73% 74%! ? 2%
100%; 100% 100% 100% | ? % 1
35%j 35%' 34%! 34%I ? 1%
106 106 1 99%;i01% _ 4%
32 | 33 ; 30 31 1 ? 1% ,
97 L'. I 971A' or. ! 97 I li '
~ /4 - ? , * 1 73 j
r.rt ! fin ! gh% 68%! ? %
101%|101% 101 '101 ? 1
225 225 225 '225 ? 4%
ml m1 ml i% ? %
2 % 2 %! 2 ! 2 ? %
I!",1 12 ! 11%, 11% ? %
S%| 8%l ?%! ?% 4- 1
17 Vi 17%: 16% I 17
55 ; 58 : 55%! 56 ? 2%
15%! 16%j 15 I 15% + %
23%: 24 ! 22% 23 ? %
16%' 17%; 16%i 17 + %
47%, 47%! 47%1 47% ? 4
56 I 56 ! 45 | 46 ?11
71 | 71 71 71 ? 7
31 31 | 30%! 31 4 1
15%) 15%' 15%' 15%
16%' 17 16%' 16% ? %
.1 A \J ' .1 ' .4 I \1
j?7? ? t ; 78
61% 61% 60 ! 60 ? 1%
131 131 131 131 1 ?19%
55 I 65 1 63 I 55 1 ? 1
84%' 84%' 84% | 84% ? %
1187*! 119%' 118%! 119% i + 1
14%' 14% 13% 13% ? %
67 I 68 67 68 i + 1% '
62%j 63% 60%' 60%, ? 2%
72% 72% 70% 70%! ? 1%
40% 41% 40% 41%' ? %
20 ! 20 20 | 20 ? %
83% 83%' 78% 79% i ? 4%
81% 31%! 30% 30%, ? %
23 I 23 22%| 22%' ? %
16%: 16% I 157*1 1574 ? %
25% 25% 25%: 2o% ? 1%
38%. 88%t 87 ; 37 ? 3
71%: 71%! 71 71 ? 2
17 17 17 17
59%| 50% 54% 54% ? 6%
11% 11%! 10% 10% ? %
24 1 24 24 24
87 1 87% I 80% 81 ? 7%
89% ! 89% ' 87% 88 ? 2%
7 I 7 T 7
347* 347*1 32% 34 ? 1%
5% 6% 5 5
14% 14% 13%l 13% ? 1
15% I 15%' 14 14 ? 1
67 I 67 j 67 67 ? 1
97%! 97%j 92 92 ? 6%
1474; 14%i 13% 14 ? %
03% 65 1 61% 61% ? 2%
32 82 I 32 82
57% 67% 67% 57% ? 2
10 lo% 14%: 14% ? %
56 06 52% 53% ? 2%
72 72 ;iH 7m ? %
26 26 24 24 ? 2%
36% 86*4 86% 86% + 1%
5 5% 5 5
11 11 11* 11 ? %
16 10% 16 16 ? %
21 % 21V 20% 21 ? %
45% 45% 45% 45% ? % 1
41% 41% 38% 39 ? 2%
45% 45% 45% 45% ? %
19% 19% 19% 19% ? %
10% 10% 9%' 9% ? %
56 56 51%' 52% ? 3%
18%I 18%| 18 j 18 ..
Far Baal.
i?n?hal. cents a tael;
mand 00 00 P0.00
iblos 00.50 #0
making, cents a dollar ii.and.
08.00 1(7.00
ib'ea 68.50 f.T.r.O
mibny, cents a rupee
nmnii .'to.oo so.on
Kl 23
ikohnnm. cents a yen: i
ninnd 50.50 .0 r.O
ibles 50.7". ".0.75 c
Month America.
O de .Janeiro, cents a tul'-e's: a
(mand 10.25 16.12%
hlea 16.37% t? 58 1
URSDAY, NOVEMBER 18, 1
HANGE QUOTATII
EMiiEK 17. 1920.
1920.
Year to date 189,934.41
,|i5Tv7j I |C
Pld. A'k. !tn J.I 8aleu. [ L
497fe 50 '3Vaj 1700'Lehiph Valley i
99 j 106 | 7' lOOl.igpelt & Myers Tot) pf. j]
1874 19 l?; 2' 1770ojI.oew.s Ino
10?;i 10>4j .. 2400 Goft Inr !
125 129 I 12 300 Lorillard (P) Tob :
100 101741 7 60o> Louisville A Nashville... M
5944 60 k 100 Mackay Com
58 | 55 | 7| 200jManhattan Kiev Guar...
15 | 17 1 2! 200iMartin-Parry C ex dlv...
274; -74i 100 Maxwell Motor
5 774! .. 100 Maxwell Motor 1st pf....
274' 37*1 .. '100;Maxwell Motor 2d. pf
99 . . 7' 100,Mays Dept Stores pf....,
160 160:4 12' 234001 Mexican Petroleum .... 1
16W, 1674 2| 500 Miami Copper
12741 18%'1.60 88001Middle States Oil
3 4 74 3 4 V 4) 5000 Midvaie .Steel A Ord
14 1 15 | . .1 OOOMinn & St I. new
37* 4 j .. 1800!Missouri, Kan & Tex....
7 74, 774( .. 300 .Missouri. Kan & Tex pf..
23 i 2 3 74' .. 5100'Missouri Pacific
43 I 447?j .. 2600 Missouri Pacific pf
1974 j 21 j .. 700 Mont, Ward & Co j
-.1 ; ij ivu aiumns isouy
106 ; 110 ' 71 100;Nash. Chat A St Louis. 1
28 80 3% 400 Nat Acme Co
49 I 61 j 200 Nat Aniline A Ch cash..
j .. j ..I 400|Nat Aniline A Chcm etfs
87 | 88 | 71 100!Nat Aniline A Cheni pf. .
| .. i .. 400; Nat Aniline & C pf ctfs..
101 1103 ! 7 200 Nat Biscuit Co \
104 i 110 J 71 200 Nat Biscuit Co pf j:
30 | 31 j .. 600 Nat Cloak A Suit j
4%' 5 .. 400,Nat Conduit A Cable
45%! 46% 6 1300! Nat Enam A Stamp
68 | 68% 6 41001 Nat Lead Co
5% j 6 .. 19001Nat H H of .VIox 2(1 pf..
9%( 974 1 31000! Nevada Con Copper
S3 i 69 6 300jNew Orleans, Tex & Mex.
80 : 83 ; 10| 200 New York Air Brake....
75%t 76 | 5| 11300 New York Central j
51%| 52 I --I 2001 New York, Chic & St L.j
20 I 22 (2%| OOOjNow York Dock
26 I 26% 5400 New York. N H A Ilart...
1874; 19 | l, 1600|New York, Ont & West..
16 I 18 i .. lOOjNorfolk Southern |
95%| 97 7 2000!Norfolk & Western I
64 i o!) 4' 200 Norfolk & Western pf...!
61 j 64 i 5 500|North American Co
85% j 8k%( 7i 16900|Northern Pacific I
38% 39 , 51 1400;Nova Scotia S & C I
12%| 14 | lj 400|Nunnally A Co
14% j 14%;2% 1000|0hio Body A Plower Co..
3%: 3 % j 40c I 7300 (Oklahoma Prod A Kef... I
24 "3%i 2! 2000 Orpheum Circuit '
122 ,131 8 100,otis Elevator I;
14 fo | .. j 1300 Otis Steel I
SOLtl f. .1 ! 1! o.in!,, .. ... .. I
??/*i " i ?i ivvajwi'iis jiotxie c:o
18 13%! ..I 200 Pacific Development ....
48% 49 I 5 300; Pact fit: Gas & Rlectric.
39 [ 41 | .. 500 Pacific Tel & Tel
78%' 77 | 6 10100 Pan Am Petro. & T
69%; 7J 6 1500! Pan Ant Petrol & T E
19%! 20%I 4i 400 Parrish & Bingham.....
40%! 41 i 3| 2830jPennsylvanla It P.
37 ! 38 .. lSOOiPeoples Gas, Chicago...
21 Vi; 2'J ... 1500!Pere Marquette
42 46 .. 800 Pere Marquette pf
50 60 5! 100 Pere Marquette prior pf.
36 37 31 1100 Philadelphia Co
75 80 7j 100 Phillips Jones pf
31 32 .. I 1900 Phillips Petroleum
22 22% .. j 4900 Pierce Arrow Motor
12 12% .. 2200 Pierce Oil Corp
79 79% 8[ 15 OV Pierce Oil Corp pf
59%; 60 5 600 Pittsburg Coal of Pa.?
85%i 89 6] 100 Pittsburg Coal of Pa pf..
26%; 27 .. 1800 Pittsburg & West Va....
14%| 15 1| <>00 Pond Creek Coal
81 84 8 1300 Pressed Steel Car ex dlv.!
03 i 105 ! 8| 2000 Pullman Co jl
50%! 51 I 8! 2300 Punta Allegre Sugar
33%: 34 i 4| 3400 Pure Oil
84%I 86 I 8; 1600 Hallway Steel Spring....!
at i 23 li as v ?
11% I 11% | 1| 33001 Ray C'onsol Cop
8" % 87% I 4 40200jReading
54 j 54%! 2, 3001Reading 1st pf
54%| 55%! 2! 300 Reading 2d pf
33 | 35 .. 500 Remington Typewriter ..
76% i 76Vb 2400| Replogle Steel
26 I 26% 1700!Republic Motor Truck...
65%! 05% 6] 8500|Republic Iron & Steel...
90 ~ j 03 71 300 Republic Iron & Steel pf.
9 i 10% ..| 200;Robert Reis
69 ! 69% 5.20 4900|Royal Dutch Co N Y....I
25 J 25% 4500iSt Louis & San Fran j
36% 39 .. 600 St Louis & San Fran pf. .1
28 29 .. 1000 St Louis Southwest I
40 I 42 .. 300)St Louis Southwest pf-.
15% 17 .. 30(1 .Savage Arms Corp [
3 V4. 4 .. 2001Saxon Motor 1
7%l 8 I .. 3001 Seaboard Air Line
14%! is .. 700 Seaboard Air Line pf...!
,06%!l0fi%! 8 1700[Sears Roebuck Co jl
17 %j 17% j .. 700 Seneca Copper
5%; 6 I .. 100[Shattuck Ariz Cop
45 I 45%;74c 1200]Shcll Trans & Trading..
25%; 25% .. 17400|Sinclair Consol Oil
54% 54%| 6[ TOOOiSloss-Sheffield S & I
95 ! 105 12 lOOSouth P R Sugar 11
108%;109%! 6) 6780o|Southern Pacific [1
24%| 25 | ..) 11600;Southern Railway
59%! 61%, 51 1500 Southern Railway pf....!
522 '624 I 20j 70>Standard Oil of N .1 i(
522 1624 ' 20! 9'Standard Oil of N J*....!l
105 ,105%! 7; 400 Standard Oil of N J pf...
2Ti i CRli Jl * *?
n 4 luuigiewitri warner Speed..|
46%i 48 4] 2500|StrombcrK Carburetor ..
46%' 47% i 71 13300 Studehaker Corp
10%! 10% ..! 2200|8ubmarlne Boat
16% 16 21 11001 Superior Oil
43 44 6 lOO'Superlor Steel Corp
30 31 4 200 Teintor Corn & Fruit A..
8% 84; .. 3200 Tenn Cop & Chem
47 47%! 3 1661)0 Texas Co
26 26%! 1 2000|Texus Pae Coal & Oil...
21% 21% I .. 2400|Texaa & Pacific
16% I 17% .. 800 j Third Avenue
12%' 13%|2% 200 Ttmes 8q Auto Supply..
63% 54 I 6 2700[Tobacco Products
| 87% 7 lOOTobacco Products pf....
9% 10 I .. 1400[TranscontincntaJ Oil ....
41 42 6 lOOjTransue & Williams Steel
76% "7% 3 300iUnlon Buk & Paper
24 | 24% | .. 6000[Union OH
I .. I 10, 10300iUnion Pacific
64%' 65%' 4| 1000'Unlon Pacific pf
32%) 33 ! 4 300!United Alloy Steel
100 105 l Ri lOOjUnlted Drujt Co
100 201 8| 1690;United Fruit Company..!'
10 11 I .1 300'Unlted By Investment...]
21 23 I ..] 1900|United Ky Invest pf i
.. I 3! 13700:United Retail Stores
40 40%' 5: 900;U S C I Pipe & Kdy pf. ..|
an sou! ?l Ann it " ~
o roon rrod Corp j
70%! 71 i ?! 4100IU S Ind Alcohol !
37 38 I ..I 2700iU S Realty A Imp I
CO ' 60%: 8J 12700]U 8 Rubber
?9%|l00%! 8j 200]U S Rubber 1st pf
46 145% 6; 300 U S Smelting. R & M....
8174' 82 ' 5; 63800 U S Steel
105% 106 | .7' 1300 U 8 Steel pf
60%] 50%, 6' 9500,Utah Copper
49 ! 50 6j 6000 Vanadium Corp
43%| 43%1 4] 10001 Va-Carollnn Chem
103% 106 ! 81 300]Va-Carolina Chem pf....
34 98 61 200 Va Iron, Coal & Coko....
11% 12 2 600 Vlvaudou V
9 9%I 2100 Wabash
24% 25 .. 22000 Wabash pf A
16 17 .. 700;Wabash pf B
10% 10% 2 200Weber & Hellbroner
10% 11 2400 Western Maryland
18 19% 500i Western Maryland 2d pf j
33 84% 800 Western Pacific 1
85% 86 7 300,Western Union Tel
94 95 7l 2001Westlnghouse Air Brakei
4*>% 42% 41 8800]Westlnghouse E A M... .1
B5 4 200 Westinp K & M 1st pf..
mik. 10% .. 1200Wheeling A T.ako Erie...
10 19% .. 800 Wheeling A Lake Brie pf
,u 40 4 25oo'White Motor
ia 18% 3200 White Oll
in 23 4 200 Wickwlre Spen Steel....
??// *1 ^ ' *
I 7* I ? "4 1 Iiwwv ?? rn.?H V/V?Tiaiia
49 49:'?. 7[ 400,Willys Overland pf
46 48 0! 200 Wilson & Co
100 107 !\ 4001 Wool worth, V W !
454k 46 6 1200 WorthlnKton Pump
7fi | S2 " 100|Worthlnston I'unip pf Al
Odd lot*.
NoTE?Odd lot transaction* arc not roeordei
svere made at price outside of the regular full lo
42.43 Piieno-i Aires, cents a peso: r?ri
Demand 32.8744 33.23 "Al
Cables 33.00 33.3744
im.45 tlnuniay. csnts a dollar: imtTBTri
Demand *3.12*4 7H.00 noua-ro
Cabins 73,3*44 7H si.*> son. forn
lias beer
WIM. All. SPAKMII II \ \ K S. ^ sixty-fire
Barcelona. Nov. 17.?All Hpunlsn h|nn jlr,f|
ranks have agreed to form a bank credit ,
tompnny to avoid bank failures by aislean<;<:
dura* a money orlsin. The cap 1" ans
tal has boon fixed at 2o,00'i,o0n pesetas creditors
["he Instlliulon. It Is announced, will be admitted
remanent. its n?a?U
&
L920.
3NS.
1919. 1918.
3% 28 0,210,135 126.9-3.960
ipon- Ut?h- I Low- | Clou- Net
tng. |_ eat. j_ ln>. Change.
To%1 504,1 49 ^ ( 49% ? 1%
101%; 101% 101% 101% ? 1%
19% I 19% 17% 18% ? %
10 I 10% 9% 10% + %
126% !126% 125 125 ? 4
102 % 102% '101% 102 ? %
60 60 j 60 60 + %
53% 55%j 55 55 ? 1
15% 15% 15 15 ? %
2% 2% 2% 2% + % :
5 % i 5 % | 5 % 5 % ? 1 %
3 13 13 3
99 99 9',f 99 + 1%
164%(165% 1159 160%! ? 3% ;
17 | 17 16% 16%; ? *4 |
13 I 13%; 12 12V ? % j
34%; 35 ! 34% 34% i ? %
H-?S H"H It it
4 % I 4 % 3 % i 3 ' k ? %
7%1 7% 7%' 7 % ? %
34 I 34 22% 1 23 ? 1
45 ; 45% 43% I 43% ? 1%
20% 20% 19%: 20% ? %
25 25 25 J 25
107 107 107 107
30% 30% 29 29 ? 2
50% 50% 49 49 ? 4
49 50% 48 50 ? %
87% 87% 87% 87% ? 2%
87 87% 87 87
102% 102V4 101 1?1 ? 2
106% 106% 1106 106 ? %
31% 31% 30 30 ? 1%
4% 4 % I 4% 4% ? %
48%j 48%| 45% 45% ? 2%
71%: 71% 67 68 ? 3
6 % j 6 % 6 % 6 ? %
10% 10% 9% 9% ? 1
59 1 59 58 58 ? 1%
82% 82% I 82 82' ? 1%
77%! 78 j 75% 75% ? 1%
55 55 I 52 52 1?4
21% 21% 20 20 ?4
27% 27 % I 25% 26%! ? %
19% 19%) 18%| 10 I ? %
15 15 I 15 i 15 | ? 3
99%: 99% 95% 95% I ? 2%
W? tj{> bo t>s> I ?' *
r.l 51 5014 BOH I ? 3% \
89% 89% 85 85%, ? 2% j
38 38% 38 38%] ? 1% j
13 13 13 13 j ? 1%
14% 15 14%! 14%| ? 1 |
3% 3% 3%l 3% ..
24% 24% 23 24%! ? 1 j
122%,122%.122%!122%; ? % 1
15% 15% 14% 14%] ? %
50% 50%I 50% 50%; + %
19 19 18% 18% J ? 1
49% 49% 49 49 + *
39 39 37% 37% ? 2 j
77% 77% 75% 75% ? % |
71 71 C9% 70 ? 1% |
20 20% 20 20% 4- %
40% 41% 40% 41 ? %
37% 37% 36% 37 ? %
22% 22% 21 21% ? IV*
45 45 44 44 ? 1% i
61 61 61 61 ..I
37% 37% 36 36 ? 1%
78 78 78 78 ? 2%
31% 31% 31 31 ? %|
28Ul 24 22 22U ? 1I
12 12% 12. 12 ? %
81 82%! 79% 79% ? 2
60% 60%, 59% 69% ? 2%
So7m 85% i 85% 85% J ? %
28% 28%' 26% 27 ? 1%
15% 15% I 15 15 ? %
85% 85% 81 81 ? 6
05% 105%. 102% 103% ? 2%
53 I 53% 50 50% ? 2
34% 31% 33 34 ? 1
86 I 86 | SI 84 ? 4% !
22 I 22 j 22 I 22
12% 12% 11% 11% _ j
90% 91 8 1%| 87% ? 3
54 54 54 j 54 ? 1
5.)% 55% 54 55 ? %
35 35 35 I 35 ? 1
79 79 76%' 76% ? 2
26% 26%' 25% 26% + %
67% 67% 64% I 65% ? 1%
90 92 90 92
10 10 io 1 in 11
71 ! 71%| 68%! 69VfeI ? 1% !
27% 27% 24% 25% - 1% I
37 38 37 37 i ? 1
30 30 28% 2.8% 1% I
?% 43% 41 41 _ r
17 % i 17 % 17 17 I ? sz
3% i 3% 3% 3% j -f % j
S % i 8 %' 8 8 I ? % I
15%] 15%) 14% 14%) ? a"
06% 107% 106% 106%; ? 1
17% 17% 17% 17% _ %
6:6 6 6
46%) 46% 45 45 ? 2
26 j 26% 25% 25% ? "%
fin % I i>j% 54% 541/ o
100 '100 100 loo . 1
111% 112% 108%'IOS _ 2%
26%| 26% 04% ?4% _ 1%
61% 61% 59% 507* ? 1%
527 '627 622 622 ' ?18
530 i 630 622 625 ;
197li|1o7^!10r> ,05^,i +"*
27% 2.% 26 26 ? 1
52 50 I 46 46 ? 5%
48%; 45% 47 - 1%
10%) 10% 10 I 10 _ ?
16 16%; 15% 1 16
44 44 I 44 44
31% 31%| 31 31 ?'2%
*% 8% 8% _ a;
4? 1 J!*1 46% 47^! ? %
V.t. I 51.. I 36%; 26 I - %
'*1 zl 21% st
16% 16% 15% 15% _ %
13% 14 13% 14 i 4- %
56 56 % 53% r,a% _ 2
84% 84% 84% 84% - %
" 1? | 10
41% 41% 41 % j 41% _ %
77% 77% 77 | 77 _ 2
25% 25% 24 24 ? 1%
122% 122% 119*|ll9U -2%
64% 64% 04%! 64% + %
32% 32% | 32% ! 32 V. ? %
100 !l00 loo 100
203 203 |19S% ,200 ! 2K
11 11 10%! 10%' _ lv;
24 24 21% 2l%| - 3%
61% | 61 % 54 57%! ? 4%
40% | 40% 30% 39%) _ il
rlil 30
?l%; il%l 7o%! 70% __ 1
8?% 39% I 37%* 37% _ 1%
60% 61% 59% 50% _ u
100 100 1100 too
43 45 | 45 45 ? 1
82% 83%' 8074, 81% _ 7l
106% 106% 105% 105% _ %
51% 62 40% 50 ?3
48% 49% 45%| 46% ? 3
45% 45% 43 431/
104 104 103!*|l03% ? %
96 06 95 05
12% 12% 11% 11%
9% 9% fi 0 _
26% 20% 24% 24% _ lt* [
17 17 16 i? _ 3
10% 10% 10% 10% _ %
H 11 10% 10% % 1
19% 19% 19% 10% _ ?? 1
34 34 33 83 ? %
86% 86% 86 86 ? l
96% 96% 95% 05% _ 1%
42% 42% 41% 41% _ %
61 61 61 61 1
11 11 10% 10% _ 14
21% 21% 19 19 _ ?
41% 41% 89% 89% ? 1%
19 19 17% 18% _ %
22% 22% 21%' 21% _ 1%
7% 77t 7%' 7% ? %!
504-4! 50',] 49 ! 49 -J I
47% ] 47% 47% 47% I
107% 107% 107 107 ' ? 1
49% 49% 45%: 45% I _ 4%
80 ) 80 I 80 | 80 .. |
il In separate lino unless sales
t ransre.
RECEIVER NAMED.
N. Texas. Nov. 17.?J. O. Jncklorly
a State Dank Examiner.
1 appointed receiver by the
it District Court for the CeriumInln*
Company, operating fifty
itlons In Texas and Louisiana
worn* the application of two
who filed the suit the company
owlns; $8B(00V, ami estimated
i at MSn.Mt
TOPICS OF WALL STREET.
Wire Trouble Hinders Marlirl.
To add to the confusion of yesterday's
trading in the stock market practically
every telephone and telegraph wire between
New York and Chicago was put
out of business by a heavy snowstorm
In the West. Wire conditions were particularly
had in the Buffalo district, und
the trouble extended down through
Pittsburg. One brokerage house succeeded
in getting a single wire through
to Chicago at 2 o'clock yesterday afternoon.
Under' normal circumstances It
works half a dozen direct wires all
day.
.\vernite? nt Ktw Low Mark.
The whole decline In many industrials
and rails yesterday brought the average 1
of the industrials to 75.21. the lo'west '
point 'since January, 1917, a decline for i
the day of 1.44. Ralls declined 1.92, 1
bringing the average of twenty representative
of them down to 77.72. I
Through that decline the progress made ,
by stocks In approximately two years ;
has been wiped off the slate.
American International.
Wall Street Is keenly Interested In today's
meeting of the directors of American
International Corporation because
of the widespread reports in commission
houses that there will be a readjustment I
of Its dividend to meet changed condi- f
tlons. The corporation's directors are
reported to have declared that It has
ample resources to maintain its dividend j
at the present $6 rate, hut that some of
them are Inclined to the belief that a1
conservation of resources is in order.
The paid in cash back of the stock, now
selling around $.">0 a share. Is reported to
be approximately double that figure.
Marine Preferred.
The decline In earnings of the International
Mercantile Marine, due to the
slump in foreign commerce, has given
rise to the repon that its directors have
agreed tentatively that no further ex
Irn dividends will bo paid on its pro- |
forrod stock this year. The last one of |
r. per cent, was paid on August 2, and I
loft a balance of 42 per cent, in accumu- I
latod payments, whirls the directors have
boon discharging gradually on the instalment
plan, 5 per cent, extra at a time.
P. A. S. Franklin, president of the com- i
pany, is in Europe, ami one of Its di-1
rectors declared yesterday that no do-1
cision would be reached until his return.
Money I.onnM nt <t Per Cent.
Wall Street's favorite axioms that
money is a factor in the market only
when it is hard to got was proved true
again yesterday. The opening and re- j
newal rate was 8 per cent. Then If
dropped to 7 per rent, arm nnniiy 10 n
for the first time in several weeks. No
attention was paid to the deellne in the
rate by traders, however, anil they continued
to offer stocks all around the
room. It was reported that several
millions of dollars offered at the close
of the market were not wanted.
Chemical Mcrtter Assured.
The committee which has charge of j
the consolidation of the chemical and j
dye companies to he known as the Allied ]
Chemical and Dye Corporation has ad- I
dressed a letter to stockholders of the j
General Chemical Company, the Solvay :
Process Company, the Semet-Solvay
Company, the Garrett Company and 1
National Aniline and Chemical Com- j
pany, Tnc.. advising: them that more than (
00 per cent, of the outstanding shares !
of those companies has been deposited j
and Is under control of the committee j
The time for depositing' securities unne.r |
the plan will expire on November .10 j
Moving Pletnre Storks.
The sharp declines yesterday in the [
so-called "picture" stocks, which lnclud
Famous-Plovers. I-oew and Orphean- j
r'lrcult, although the latter is net strict 1\ I
a moving picture stock, was the resul- j
of a raid on Famous-Players, in which
the hears are reported to have dislodged
a big block of vulnerable stock am'
,'oreed it on the market. The decline In
Orpheum and I-oew's was considered b>
orokers to be a sympathetic oi.e. Otli
einla nf nit thi-oe of those corporations
declare that business is excellent and I
that current receipts far outdistance |
those of the corresponding 191:* periods I
famous-Players put out a new Issue of
$10,000,000 in preferred stock early In
the year, adding a charge of approxi
mately $800,000 to tt:e corporation's an
nual dividend requirements.
Jnpnn llriiws (inlil From Inilln.
Information has reached several international
bankers in New York that
.'.-.pan has heen drawing heavi.y on her
gold reserve in India, and they reach the
onc.lusion that gold Is being transshipped
to London- The bankers point
to the present strength of Japanese exchange
in Europe In support of that
theory Approximately $9,000,000 in
gold was withdrawn by Japan from her
loposlts In Hombay on October 13.
I.ondon Arbitrage.
The London Stock Exchange has followed
the lead of the New York Stock
Exchange in acting to cancel the emergency
regulations prohibiting arbitrage.
The action of the London committee Is !
subject to confirmation by Exchange j
members at a vote to be taken on Mon- !
dag. Members of the Exchange who i
conducted arbitrage dealings before they
were prohibited say that because of the
foreign exchange situation and the fact
that foreign held securities have been
liquidated to a great extent the possibilities
of profitable arbitrage transactions
at present are few.
foreign Exchange Steady.
Althought the stock market paid little
attention to foreign exchange yerterday.
in cverv dnmrtmcnt of It wis
regarded by bunkers as nn Indication
that the situation In Europe was gradually
Improving. The purchase of grain
anil cotton bills In practically every European
centre has again taken on the
aspect of activity. Dealers declared
that the ninrket In foreign exchange had
been oversold In the last few days. These
advances were recorded: British pound,
up 4V4 cents to |3.47*6: French francs,
up .0016 to .0607 ; Belgium francs, up
.0017 to .0641 : Swiss francs, up .0005 to
.1562 ; Italian lire, up .0016 to .0361:
German marks, up .0010 to .0140; Swedish
kroner, up .0020 to .1920; Norwegian
kroner, up .0015 to 1345; Spanish pesetas,
up .0046 to .1306. and Dutch guilders.
up .$35 to .3025.
CONSOLIDATED EXCHANGE.
( 1 *
Successful hear drlvesagalnst numerous
unsupported specialties Induced wide recessions
In those Issues during the first
half of yesterday's Consolidated Stock
Exchange trading and suhseaiiently led
to price domnr.Hlznynn In all division*
KnsUln* lossts In active industrials
averaged 3 to 10 points, and In rails
ranged from 2 to more than 5 per cent.
Under the stimulus of 6 per cent, fall
funds and higher allied exchange figure*
were eorly afternoon rallies of a point
to 3 points, but on volume liquidation
near the end a majority of active properties
fell back close to the Iowa of the
day and the year.
EXTORT*FROM NEW YORK.
Exports from New York yesterday!
Wheat, 477,735 bu.; corn. 8.574 Int. : rye,
224,877 bu.: flour. 12,743 sacks; bacons.
33,000 lbs.: lard, 570,000 lbs : grease,
40.000 lbs.: oatmcnl. 500 bbls
PKX VVI V tM t oil, MARKET.
on. City, Nov. 17.?Credit balances,
ffi 10. Huns, 108,172 bbls.; average
54,508. Shipments. 76,702; average.
06,(61. I
T^TJJ : ' *' g v; , . ^. >
? ? A Study of
Bond Values
Whether a long term ^Vi%
or 4% bond selling at 50%
j or 60% of its par value, or
one of the new issues yielding
8% or better, should be
purchased, is a problem the
! average investor is meeting
to-day.
? A solution is offered for
those who send for our
If circular No. BX-10.
| A.B.Leach&Co.,lnc. ,
/nrrslmenl Securities
J 62 Cedar Street, Ne* Yor'i
Ronton Chicago Buffalo Cleveland
l'hiladt-Jplila Minneapolis Baltimore
g
Municipal Bonds
Cincinnati, Ohio
| Cpn. 6s. 1928?To yield 5.35%
South Dakota
State Cpn. 6s, 1940
To yield 5.'I0%
Omaha, Nebraska
Cpn. 5s, 1945?To yield 5.05%
Tennessee State
Cpn. 4s. 1929?To yield 5.10%
Chicago, 111.
Cpn. 4s. 1927-1928
To yield 5.25%
Dallas, Texas
Cpn. 5s. 1929?To yield 5.30%
Particulars on these and
other Municipals on request
J.S. Bache&Co.
Bond Department
42 Broadway New York
| 7.S2%
i A cumulative 8% Preferred injur
of $\0(X).009, with an unbroken
dividend record since IfW, followed
as it is by $11,000 009 of
Common stock paying 5%. offers
an exceptionally attractive investment.
This company is nationally
known, inil'ions of dol
lars having been invested in ad
vertising its trade marked name
and product. There are abundant
indications that it faces a
prosperous future.
Write for mir Cirnilnr A P
IXOBEY& KIRK
Memberi New fork Stock Exchange
25 Broad St., New York
, An Excellent
Long Term Investment
Providing
SAFETY OF PRINCIPAL
AND HIGH YIELD
Cities Service
Company
Series D 7% Debentures
To Yield 8.45%
Interest earned 12 times
Circular "D-31" on request
Henry L. Doherty
& Company
Bond Department
GO Wall Street. New York
PKftl Coffee
Sugar
Cotton
Futures
Out Sfatk Market Retieit
tent on request
for //-14.
t t -
Lamtjorn&ia
Specijlists in Sutfar Stocks
Seven \/aIl Si NewYork
Tel.Rector. e3io. ^
MEM HE US
N. V. Slock. Ex. N. Y. Produce Ez.
AT. Y. Cottim Ez. CMc. lid. of Trail
N. Y. CofTa and Sugar Ex., tne.
lAmrtrm Prod Clearing Itouxe. Hit
Bankers Trust Co.
Guaranty Trust Co.
N. Y., N. H. & Hart. Deb. 4s
ncCLURE,JONES&REED
Mem' <-M Sev York .S'Oft EJ change
I in Urnmlwiir Thonr 3321 Hfrtnf
I '
I

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