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The New York herald. (New York, N.Y.) 1920-1924, December 22, 1920, Image 18

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045774/1920-12-22/ed-1/seq-18/

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Sugar Futures
We announce that we have
become members of the
N. Y. Coffee & Sugar
Exchange, Inc.,
and invite orders in these commodities
under regular terms.
Sugar Stocks
We specialize in unlisted Sugar
Securities and solicit your inquiries
on
Central fguirre Federal Sugar
Fat,rata (imr \atrnnal Suffaf
Cuban Amer. Pfd. New Niquero
South Porto Rico Preferred
Weal India Sugar Preferred
Cuban American 6% Notes
FARR & CO.
I Membora
|| N. Y Coffee A Sugar Exchange, Inc.
i brokers in Raw ?' Refined. Sugar
Specialists in Sugar Stockr
133 Front St. (Cor. Pine)
Telephone John 64-5
J. K. Rice, Jr. & Co. Will Sc
100 Air Reduction
25 Ann rh iin Machine A Foundry
loo American Chicle Coin.
100 American Hawaiian 5. 5.
50 American I ignr Com.
50 American lithographic Com
10O Atlantic!.olios Oil Coin.
100 tlla- I'ort. < ement Com.
25 Itank of America
25 Itank of Manliallun Co.
25 Celluloid Company
loo city Investing Com.
100 Cllnclifielii Coal Com.
200 E. IV. liliioi Com.
50 Del,. l ack. A Went. < oal
50 Franklin Insurance
60 (irent Amer. In*.
25 Home Ins. Rights"
25 Ingersoll Rand Com.
100 .las. Itiitler Com. A Pfd.
I H I .ki.l. % ? 11,, v I '.in I Sill,.*
50 Midland Sfcurltles
50 National Suitar
25 National Fuel <?ns
50 Nat. Park llank "Riehts"
100 X. X . ?tatp R.v*. Cmi. (t I'M.
50 Niles-Benient-Pord Com.
100 IVnn Coal .V Coke
50 I'lv-lps. Ilmlitf Corp.
50 ItealtT Associates
25 Nlntti-r Manufacturing
25" -l"i?r Mf".. I fd.
10 Victor Talking Xlaehine
10" Word Rnki <g Com.
I 100 Woodward Iron Com.
J.K.Rice, Jr. & Co
Phones 4000 to 4010 John. 3(1 Wall St.. N.
UniteJ States Steel
National Biscuit
Vpon request tve shall bo
ph n 'ed to send our Weekly
Market Letter containing an
analysis of the above Issues.
CARPENDER,
CAFFRY & CO.
Jfrmbtrs Nrie York Stock Exchange
1 Wall St eet 521 Ft th Aren c
Tel. Ttector 3070. Tel. Vanderbllt 0540.
11
j Chas. F. Noble
Oil & Gas Co.
One of the vtrongeet indcpend!|
ent Oil Companies. Kerne over
f 30% ? pays 12%.
Special circular eu request
"The Oil Industry"
Pnbiiahrd monthly in tbc inicrcai
o( invtilori in nil aceuritiaa.
Free on requaat
R.GMegargel&Ccx
1 27 Pine Street, New York
LIBERTY BONDS
All issues <? ce. omi ta.io s
flartshorne & Battell
Members* Svw York Stock Exchange.
IS Breed St. New Yei
Takphonr BROAP 7740.
CTA M n A O r
STANDARD O .*2.1
Oil, | PAR TAME
INDIANA I STOCK
CARLH.PFORZHEIMER&CC
PTiones 4S00-1-2-3 4 Broad. 2.1 Broad St., N.
Merrill, European
I I r inancing
Lynch in y s
& Co. Circular on request.
120 Broadway, N. Y.
Members New York Stock Exchan:?
Amcr. Light & Traction
Morion Lachenbruch
42 Broad Street New York
Pnuttr Vires re. CHICAGO PHILADELPHIA ,5T lOtlfl
PITTSBURGH DETROIT CLEVELAND GRAND RAPID*
i rvJJ i -a
WUU LOIS
h rlt? Itept.. |4.
(hisholm & (hapman
%1r ohrra Srw York St oik Ext hnngt
71 Broadway, New York City,
M S-Wolfe si Co.
ESTABLISHED 190?
: Wembcrr OrnBH-tjt'd Stock Krrhrttic, of Mv
41 BROAH ST NF.WVORK
Phone Broad 23
Mark A. NoM? TI??lor? I'. Cnrw
NOBLE & CORWIf
I road 11. N?* 1 ork
Guaranty Truit S. 0. Califor tia
Bank Commerce Curtia Aero Pfd.
i I elephone Mil I road
^ ' . ?Special
Article on
ATCHISON GOLD 4s. 1995
Shonnard. Mills C-Ca
Members My Stock fjtchanq*
HO Broadway, N.Y
i
T BID AND ASKEI
V V. STOCK KXt HA.NGE Ql/OTATIONS. I
To the following price* accrued Interest Is j
to be added tn every ca?e:
FOREIGN BONCE. I
Bid. Asked. !
City of Berne 93 93% |
City of Chrlstlanla 93'% Ml( i
City of Zurich 641* 94% '
Argentine Intern. 3s, 1943 'Ws
Kingdom of Belgium (is, 1921 09% 100
Kingdom of Il< lglum Us, 1923 97 89
| Kingdom of Belgium 7'%*, 1843... 9d 98%
Canada, Don) of. 3s, 1921 987* 9D
Canada, I'oni of, notes, 1921.... 98% 98%
Canada, Pom of. 19'2d 86% ;
Canada. Pom of, 1929 87 88 i
Canada, Pom of, 19110 80 83% |
Clilnee- Govt Hil Kug Ry 3s, 1931 39% 40
Cuba Extern. 3s, 1944 73% 77%
Cuba Extern. 4%s, 1949 01 81%
Pomlnlmn Rep. 3s. 1938 72 72%
City of Lyons 13 yr. Us, 1934 78% 84 ,
City of Marseilles 13 yr. Cs. 1934. 78% 84
City of Bordeaux 13 yr. 0s, 1934.. 78% 80
City of Copenhagen 23 yr. 3%*, 1944 72% 73 i
French Government 83. I issue... 99% 100 j
French, I'arls City ds. 1921 91% 92 '
Govt, of Sw itzerland 8s. 1940 102 102% |
Japanese Gov. ?4%a, string In.,1923 75% 73% 1
Japanese Govt. 4%s, 2d ser., 1923. 75% 73% '
Japanese Govt. 4s string. In.. 1931 53% 38 j
..apanese IOKIO tny *iM- ? >
U. K. at. u. & Ir. 3 yr. 3%s. 1921 H7H 97% I
U. K. at. it. * tr. 3 yr. 3%s. 1922 94% 0414 I
U. X. at. B. * Ir. 10 yr. 5%s. 1029 88
t* K. at. B. A Ir. 20 yr. 5%s, 1937 8214 83 |
Mexico Intern, strl. 3* of 99-1943. .. 89%
Mexico Extern, (fold 4s of 04-1934. 29% 30% !
Kingdom of Italy 5 yr. 6%% gold. 81 84 j
UNITED STATES GOVERNMENT BONDS.
Bid. Ask.j Bid. Ask. |
4s coup 100 11? I 4s '34 81% 90
3s I'an reg .. (9 PI 4h '33. 81% 90
3s I'an cp. .. 90 |
Closing prices of stocks In which tluie ;
were no transactions yesterday:
_ Bid. Ask. j Bid. Ask. '
~ Adsms Ex. 21 2d 1 AmWhol pf 87 89
ss Advance R. 14% 14% ; Ann Arbor. 12 13
i. Alliance It. 71 .. J do pf.... 20% 3"
!ll A A ''able. 94 100 i A D G 2 pf 37 -10
A1 C M pf. 08 71 ! Atlas Tck.. 17% 13% !
1 A A Ch pf. 7d 80 At Refln 930 >
J Alb A Sus.120 150 AusNlch pf 00 02
Am Sg 1st. 91 1 Auto Sales. 2% 3 I
A Rk N pf. 39 43 1 do pf 0 20 j
Am B S pf 00 73 BarnettEth 20 23
Am BW 3h. 44 *48 ! do pf 00 70
do pf.... 83Vi 8714 Barrett ...102% 10."
Am Em pf. 75 85 i do pf.... 95 100
. Am Had pf .. 100 I Beech Crk. 29
A Shlpbldg .. 80 Beth St 7<% Ms 93
do pf 80 Bkn Edison M2 90
Am 8 SecA .. 70 Brown S pf 75 81
A Snuff pf. 78 82 Buf t Sue. 72
A Sum T pf 78 82 do pf 7>4%
Am T A C. 47 53 Burn B pf.. 98 105
GUGGENHEIM DENIES
CHARGES BY EILERS
i : . _ i
Smelters Holdings ot President
Are Said to Total
83,000,000.
I#
Y Tlie charge made by Karl Kllers In his !
? action for a writ of mandamus giving [
* him access to the stock books of the >
? American Smelting and Refining Cor- i
poratior. that Simon Guggenheim, president,
and his brothers, who are in the !
management of the company, have but
1 small stock holdings was vigorously de- ,
| nied yesterday in a statement issued by j
the company.
Mr. Ellers. through his attorney, W.
U. Goodbody, declared that the present
action results from his desire to protect
his own holdings as well as those I
of other stockholders.
"The attack of Mr. Ellers," said the I
statement given out by the corporation, j
; "is the attack of a discharged employee, i
j As to the charge of Mr. Ellers that [
President Simon Guggenheim and his
j brothers have only inconsequential holdings
of American Smelting and Refill_]
lng stocks President Guggenheim's pres~
ent investment in the company repre- j
= sents a par value of 13,000,000, and his !
I brothers have substantial holdings."
J On the stock books of the .^rner'cac
Sme'tlng and Refining Company, it was
learned, the president Is listed as holding
only a small amount of stock, while his ,
brothers are down for but a small per- 1
centage of the outstanding capltaliaa- :
noil. 11 ../is poimeu oui. iiuweve., -.uui
< no true estimate of their holdings can
be obtained from these lists.
1 In hi* statement through his attorney,
Mr. Ellers said: "The characterization
of the mandamus proceedings of Mr.
Fillers as an attack by u discharged employee
Is far from the fact. Mr. Ellers
is. and was during bis affiliation with
the American Smelting and Refining
Company, entlre'y Independent of his
salary from that company, and his
present action Is the result of his desire
; to protect his Investment as a large
stockholder of the American Smelting
1 , and Refining Company nnd the holdings
f all stockholders, and particularly >f
the many friends of the Fillers family
^ who Invested because Mr. Ellers and his
P family were identified with the management.
"He found that It was not possible to
r* do so as a member of the board of
directors and deliberately put blmse'f |
into a position where .Simon Guggenheim
waa forced not to permit him to be roJt
elected at the last annual meeting. Mr.
" , Ellers feels that he can lay the matters
before the stockholders more effectively
from tho outside than he could from the
I Inside."
ROYAL BANK OF CANADA GAINS.
). Deposits Rise 9A1,R00,000 Darin*
I.sat Finest Yesr.
Z rreaericK t. waitier or tne .New Tora
office of the Koyal Bank of Canada, who
made public yesterday Its annual report,
showing an Increase In deposits for the
fiscal year ended on November 30 of
f61.KO0.000 from $393,554,156, to $456,017.386,
said that the annual statement
Is the best In the history of the company.
T)eposlts elsewhere than In Canada
Increased J42.000.000 and these do?
posits totalling $164,106,090, continued to
? be largely In excess of the commercial
loans elsewhere than In Canada, which
amounted to $102,674,210.
Current loans In Canada Increased
| more than $40,000,000 to $163,747,409.
Savings deposits Increased from $269,465,169.
to $331,688,678 Eumlngs Increased
from $3,423,264 In 1919. to
$4,253,649 In 1020, and $3,134,010 was
added to the reserve fund. Total assets
?I were reported as $394,670,013, and liquid
i assets given as $279,197,713. were equal
I to more than 50 per cent, of the llabllI
lties to the public, while actual cash In
I hand and In banks was shown to he more
than 30 per cent, of the public liabilities.
OFFER RIORDON CO. BONDS.
Hanking; firnap Placing Vil.ROO.OOO
4 iMOf of Palp Makers.
Harris. Forbe9 A To.. K. H. Rollins
A Sons, 1'arklnson A Hurr, Coffin A
Hurr. Inc., and the Royal Securities
Corporation will offer to-day an Issue
of Irt.ROO.OOO of twenty-yeBr first mortgage
and refunding 8 p?r cent, bonds
of the Rlordon Company, Ltd., at 30
and Interest, yielding about 8.10 per
cent. The company Is one of the largest
manufacturers of blenched sulphite pulp
? in the world, and wmtrols one of the
1* greatest holdings of pine and pulp wood
. timber lands and lennen In North
America, an area aggregating 12,105
i square miles.
Net earnings of Its properties for the
first ten months of 1920. not Including
Income accruing from subsidiaries, were
$3,218,082, or more than three times the
Annual interest charges on the total
. funded debt A sinking fund Is provlded
In the trust deed, which. It is
estimated, will retire at least 80 per
cent, of the issue before maturity.
London Market.
Lonbow, Dec 21.?Bnr silver, 40d
ounce; bnr gold, llRs. 9d.; money, 434
per cent,: discount rates, sort hills, 834
per cent.; three month hills 834 per cent;
JJ j gold premiums at Lisbon, 140.
HIaj avj
5 QUOTATIONS BOl
Bid. Ask. Bid. Auk.
Buf R ft P. 00 83 ManatlS pf .. ?3
do pf So 105 Mar)In R.. 13 "1
Huah Term .. Ho M l> S pf.. 93*. 96 Hi
l osr pi pf .. 30 Mich run., do .. Day s .?a
C RRofNJ. 175 100 MPSSM pf. H!? 03 Year to
Chi A A pf 8 13 do I I .. 33 30
Chic E I ct 6 H Mor I Es.. 60
do ct pf.. 4'i 6 Mull I) pf. i3!i ..
Cert Prod..' 30 37 I N C ft St L 09 10o
do 1st pf. 7814 .. I Nat Aniline 40 17
do 3d pf. 63 73 I Nat Bin pf.1001* 107 ClOdilll
CHtPAO pf S3 05 ' NatRftS pf 80 0- .
CCC ft 8tL 31 31 N K M 1 pf 7 14 ""? AS
do pf 78 M LarkW. 81 88 89.80 89
C'.ov ft Pit. 0<> 0t$ NYCftSlil P 30 0b
Col Kuel pf 80 01 v,Jo.r;i.pf; aLi 1 84.50 So
Col S 1 pf. 47 33 NorfftV! pf 641* <?% .0 g ,
do 2d pf. 40 60 Ohio Fuel.. 40 ->0 84.50 84
Comp Tab. 33 37 Otis El pf. .. 8. 85.40 8o
Con Coal M .. 83 Pae Coast. JO M | 83.60 83
Con Can pf 9t!vi 100 do 1st pf. 60 100 |
Corn PR pf 1>2 100 . do 2d pf. 4.. 00
t'rex l aru 67 Pac Dev... 13U 14 80.1O 30
Cub AS pftVj ?3 Pac TftT. 37 40-\ | 84.00 84
Davison C. 25 26 Pac Mall.. .. 13
Deere pf... 81 94 lenney pf.. .. bO 94 94 94
Det TJdlron t'O 96 leorla ft E . 10
Dlumd M 107 110 Pere M pf. 40
iiiiikw ib a .1 i Pet-Mu ... 3." 62 1 144.94 94
do pf 3 K do pf *06 |
lOurlmm H. 32% 33 Philip J... 20 32 j
do pf 84 37 do pf 63 73
Elk H V pf 33 37 Pit In CI pf 34 63 United .
Elec Ftor.. 86 83 PKW C pf.113 120 | Krpnrh R(
Emor It pf 20 60 Pitta Stl pf . . 85 ! recclp
Fairbanks.. 40% 48 WWVg pf. 68 76 j ?.>
Flaher lldy 70 85 Pr St C pf 91 I?5 , fX
do pf 1)7 100 Ity S 8p pf 99 102 | A,
Gen Ch pf. 82 81) Ren A Sar. 08 ..
Gen CIs pf 76 78 Uobt Rels. tl 10 7
Goodrich pf 60 *72 do pf.... 6114 64 }
Gulf MAN. 8 II Rep Stl pf. 81 85 *
Hablrs El.. 11 *13 Rem let pf. .. 82 ?.5- ;.
Hartman.. 68% 7014 do 2d pf. .. S3 City of I a
Homestake 48 50 SlossS pf.. 70% 8714 3
Hvdral Stl. 16 21 SL A SI'" pf 27% HI 27
Jiul lief pf. 82 .. SL&RW pf. 31 34 I
IntMT 1 pf 68 71 SPor Sg pf 95 10d 5
Int Nick pf 70 85 Stand M pf 70 80 21
Int I'ap pf 85 105 Stern It pf V?? 04% I 0
Int Salt.... 5614 Stmleb pf,. 80 05 i I
Iowa Cen.. 3 8 Sup Oil pf. 05 07% I 3 ....
KC KS pf.. 58 61 Sup Stl pf. 05 07% | J
K.tyser ... 70 75 Texaa L T.2(H"t 3iK) ] C'Tdtiil Kli
do 1st pf.lOO i2o Tide W Oil.168 182 AUs 1621
KSpTH% pf 70 73 Tob Prd pf 70 84 8i
do 8%.... 75 85 TSLAW po 6 10 la" 07
Ivel Will pf 70 98 T\v City pf .. SO aide urn
Keo A V M t 10 Cndoiwd ..120 150 ?n
do pf.... 20 .. do pf.,.,100 120 ?
Kreage SS.121% 140 Un CI* St..126 150
do pf 03 102 do pf 0814 105 j '*
I.acledeGas 38 40 U Drg I pf 40 44% i
LE A W pf 2214 23 t'S In AI pf 91% 01% , j
Lis & M pf 00 100 Va-C C pf. 03 05 I 20
LUgett B. 120 134 Va Ry * P . . 45 ! 62 ..
Lae-W2 pf.10314 105% West 1st pf 50 60 1?2?
Man Bch... % 2% Wickwlre 8 16 25 6
Man El S.. .. E7 Wllaon pf.. 78 83 ?2
Man Shirt. 10% 10% *Ex dividend. 23
' UK'S 1937
EXCHANGE AIMS AT
35
BEAR RAIDS IN PROBE; I:;::
Belgian Uc
2
5
Data on Houston Oil Trades ;;;;;
Demanded?TCeplojjle Steel , ii".'.""
Inquiry Likely Too.
2
3
* Action of the New York Stock Ex- 1 8w,8-'^?|Vr
change yesterday in asking its members 7
to report all transactions that they j ?
conducted in Houston Oil stofk from City of Be
December 14 to December 20 was con- |?
s'.dered in the financial district to be "j
another step In the direction of lessen- 5
Ins the activities of big operators who
have been forcing prices down. It has tianio
been known for some time that the Ex- J
change has been much opposed to the City of C?
efforts of some of these plungers. 13 hager
While no official of the Exchange DmCanad
would talk yesterday, or even admit thai. 3
the members had been called upon to ^ 1829
make a report of their Houston OH deal- ?"!!!!
ings, It was learned that such an order ?on'S]*n*
1021
had been sent out to the various mem- 28
ber houses by Secretary E. V. D. Cox. 8" 192#
The tumultuous career of Houston OH 2
on the Exchange for the last week has uf'" Vr>,'
been a feature of the market, tn the p
latter days of last week sudden attacks ig
on the stock broke it sharply from a leu
high point of S4 to a low of Gf>. rfubse- 18... ..
quently it recovered 2Vi points and I'minicu 1
closed the week at 67^4 for a net drop ij
of IB points. On Monday the raiding CHof Mex
was resumed and on transactions of 1
4.20ft shares .1 break of more than 11 ChlneseOt
points occurred In the stock. J
That the .Stock Exchange will call for jip^Meii
similar Information regarding recent j?
transactions In Rvploglo Steel was ox- ts
pressed yesterday as the result of the jf^rinu)']
violent break of that issue. Coming on ,0
the heels of the Houston episode the go!'..
drop bore what was believed to be the <to
earmarks of a bear raid. 10- nn*
Opening at 69, at which it closed on j
Monday, Replogle was quiet and inac- at..'"..
tive throughout the morning. Just after a
the lunch hour, however, there was a j 1*:
sudden burst of activity in the Issue, Adams Kj
and breaking sometimes more than 2 j 3
points between sales, It sold down to : Alaska 6
47'4. a net loss of 21% points. At this 5>?rl?
point there was a let up in pressure I AlbVSua
and the stock Jumped back several [ ,
points, only to come down again to Am Agr d
around r>0, where It remained for the 1
rest of the session. The closing figure Cot '
was 52\fc. off IS'4 points from Monday's ] AiiiSmciu
final figure. 1 1
13
more independents w!'.".'i
reduce rail prices a?;;::::
5
More independent producers of steel 10!'.!!!!
products are cutting prices on steel rails 20
to 147 a ton. the figure quoted by the ' 1?
United States Steel Corporation. The A2
Cambria Steel Company, a subsidiary 7.'.','.'/.
of the Mldvale Steel anH Ordnance Com- j
pany, met the steel Corporation's figure j 2
three days ago, but not until yesterday J
did the fact become public. The Ilethle- j|"|"
hem Steel Corporation was reported , 4!!."!'.",
yesterday to have lowered to the name 1
level the prior* It Is asking for steel . ' t*T ?
rail*, but no official confirmation of the J6
report could be obtained. The I.acka- Ha..'.'.'..
wanna Steel Company was the first In- AmTUT
dependent to make known a slash in .
rail prices. ' 10. 7. ..
The action of the Independents Is con- a7!!7.
shlered significant In view of opinions a
expressed from time to time In steel 4
circles tha* the Steel Corporation would i J"""
be compelled to increase rail prices to |
operate nt n profit The Independents, ?!!....
It Is understood, have stood pat for the 1
last few weeks, waiting to see If the
Steel Corporation would Increase quo- !
tattons. and their decision Is taken as i *7' !
an Indication that the bigger company AmTAT <
has finally let-rmined to make no in
crean*. rj "J""
AnnArbor
PRODUCE. Af^
is
M'TTKH ''reamery higher than extra*. 8......
lb.. MH?."Tc.. extra*. 02 score, Wlc.; flrata. 10
00 to 01 sore, 4814? MHC ; flrata. 08 to AO A T A 8
acore, 44?47c second*, A3 to AT score, 87? B
42c. i lower grade*. ,18? ,Klc.; unsalted, high- SO
er than extras, 3Bt.4?flOr.; extra*. 8*?!W>c.; 10 ....
fltwt*. 4(1 <8"'7c., second*. 34?38o.: held or 1D#0
storage, high scoring. 30V4?31Hc.; extra*. 8
499ftnc.; flr?t*. 41948c : aeeond*. 34? j
40c.; lower grade*, 28?33c.; T-anlsh ca*k*. aTASKCx
fr**h, 30?32V4c . Htate dairy, tub*, flncat, ^
B2?AJc.; good to prime, 41?"!*".: common to '
fair, 80?42c.; renovated, cx*ra?, 4<V.: ladle*. ?
current make. ftr?t*, 27?28c.: second*, 23H ? ? ..
?24Hc.; lower gra.lca, 22923c.: packing ??*ro? "
atock, held, 23c.: current make, No. 2, 2IH ,,
#22r.: lower grade*. 107121c. flrM* 731
( KKK8K State, whole milk. held, early
made, flat*, *pep|al*. lb., 2714928c,; fall pnTATt
mad*. 2B? 2814c,; average rttn, 24?2."c.: fre*h 180 lb*.,
apeclala, 24?2.V average run. 22922V4C-1 State, 18r
lower grade*, 2092114c.; twin*, held, ape. pennajdya
clnl*. 20928,- average run, 2?92T?c.: Wla- 82.#0?82.1
conaln, held. flat*. 2rttf27c.; held, twin*, 2(1 Jeraey ret
?27r.; single dnlalea, held. 28927c.; double |2.7">?$3;
daisies, held, 28?27r.; young America*, held. $1?1.7!>;
2O4f20<ic.: fre*h, 27?27?4e.; aklma, held, ape- Jeraey. bi
elat*. 189 20c prime ,(o choice, 13471THC.: Southern,
fair to good, 1291414c.; lower grade*. 10c. pOI'l.TI
EGOS?Fresh gathered, extra*, dor.cn, 77? .Bmt jh.,
78c.; extra flr?t*. 7."T7flc.; flr*t*. 7214974c.; (jp^r.'gc..
reconda. 08?72c.; dlrtle*. No. 1, 3S^.*?ttc,; nj,.,; poor
cheek*, fair to choir., dry, 48?"2r ; re- .jr r'Hl
frlgeratnr. flrata, dtWfille. ; second*, 3rt?Mk".; Virginia,
State, Pennsylvania and nearby Western ,,Tt, t.nxet
hennerv white*, extra*, 8V.; extra firsts, 82 hrollera,
ff*3c.; first*, 80981c,: gathered white*, flrata fryer*. I
to extra first*. *(Vd8,V.: under grade* 72? , ffiWI.8
78r ; pullet*, ?"970r. ; Pacific coast, white, poxes. 2.1
extra*. 83c : extra flr?t?. 82?83c.; flrata, 80 J3ff88c ,
?81c.; under grades, 78?78c.; pullets, select- ern, 2292
ed. small, out, 73?78c.; usual site*, 83?7(V-. ; 40r.; Mai
other Western and Southern, gathered OFKSR:
whltec*. 70?82e.; State, Pennsylvania and 30040c. I
'A WAV W * * y X>i-(L
"4DS IN STOCK EXCHA
TUESDAY, DECEMBER 21, 1920.
1920 1919.
?? $34,442,000 ?|Hi?oOO
date 4,460,094,000 8,758,408,00(1
HANOE OF LIBERTY BONDS.
tAll Liberty bond transactions subject to 1?16 brokerage
5. Sales (In _
c ed. Yield. $ 1,000s) Open. Ilisrh. Low.
.90 4.0" 1,522 3M.S (1932-47) 89.90 90.00 8#A2
150 3Vis, reg 89.80 83.80 89.80
.50 .. .. 1st cv. 4s (1932-47)
.70 .. 39 2d 4s (1927-42) 84.00 84."0 83.50
.50 5.26 280 1st cv. 4Vis (1932-47) 84.98 85.10 84.80
.70 6.18 4,280 2d cv. 4VtH (1927-42). 33.60 84.20 b3.52
.. lst-2d cv. 4V4s (32-47) .. ? L.20
6.40 5,520 3d 4V*s (1928) 85.76 54.40 85..0
.02 5.40 7,210 4th 4Vi? (1933-38) 83.90 34.30 83.86
60 4th 4Vis, reg 84.10 84.10 83.92 ?
.96 7.00 7,065 Vtc. 4^8 (1922-23)... 94.91 55.06 94.86
5 Vic. 443S, reg 94.80 34.80 94.80
.96 6.00 2,853 Vic. 3%s (1922-23)... 94.92 95.00 94.84
Foreign Government, Railroad. Industrial and Ot
n 8 I A TASK sen 41 Cht UftQUl 314s Hudft Men adj N Y Cen ?W8 If
M I 4 74 1 70 an 22 ) 5
100 1 3 74U Chi & Erie 1st 10 213*
1001a 8 74 2 70 21 21ia S Y Omcon ii
100 4 7378 1 7flla 1 21U U a,,/s!
10018 48 7334 < hi Gt West 48 ft 213s N Y Cell 344? IE
100 ; 30 74 2 50 13 21U ?
IOOIh 34 731a C MftStP CV < 10 21 -.vAVi; a*^'l.8l100
' 11 74 3 05 111 Cen ex ihe N1 CenLS 3Ws.fi
ri8?s ATKcSr adl 48 10.. flftlB j 7.1 ?
.02 1 CICU C M ft St Pem Illinois Stl 4W? 10 >?a3|
.l)l:U stamped 4}-is 2 7rtl2 ^ * ^on *"
.'.us 1 Ols 12 741ft 4 77 3-l*? |B
Ulla ATA8FKOk 4.* C M 1 Ht l> cv Interb K T fd 2 SO I
(1134 4 ?31a 4H? 91 im ?'i.V ? riTla.s
.017m At Coast Line 7s 4 651s 1 475g NYConBy4>4s
.101 1 0634 2 471a 1 7rt jS
.(ill? AtCoastLine 4s 21 05 20 475ft 0 78
0134 ? 74 2 ?5la 1 *7* 2 .....77 o
igdm All C L fit 4s 2 #5 2 47S & * N H & II 8
2 67 1 0534 a 1712 CV ?s
9778 ?I'tntlcKnilt?' 2 65 1 10 471ftI 1 fi?'3
13 16 7 621ft 6 6434 2 471a 4 57 S
I 3 62 3 65 10 471ft 7 56
947a Bull at OhioOs C M ft 8t P fd 1 47)8 NYNHJSHla 10
.0434 1 SSI3 4Ws 52 47 | 16 40
946,. 6 88 1 5834 10 4714 550 401g
.943. 4 S8I4 14 50 j 10 . .4738 NYOntft W4s 8
Oftfa 1UOM I !><> ( 14 58 ; *10 471a 2 SO
.04?h 1 65 2 5778 31 4714 N Y Rys adj As
948ft 3 6-1 12 58 12 4738i 1 31ft
13 6414 5 5734 37 ... 471a certificates
.8H34! 5 64'8 1 571ft 5'. 47 ! 18 31ft 8
,881a1 2 64 1 571a 7 4718 3
88 7 6513 CbiMllftStP 4s 1 4714 10 33?
1 63 10 641a 15 4718 N V Rys fd 4s 8
.83 B ft O CV 4V4# C M & 8tP dob 15 47S 1 1634
. 8318 16 647ft 4s 25 471s N Y 8 Hys 4Hs 8
.83 1 641a 5 08 2 4714 2 47
.8278 1 6413 3 50 05 *71* N Y Tel deb to
83 3 641ft (C&NWdeblMO 1 473ft 2 84
.8278 5 64UI 6 00 20 471ft 2 83
83 2 631a| C A N W gm 4s 5 471s 1 84
.8278 3 63 4 70 26 47 5 827ft 8
.823ft1 1 64 1 74 Interboro-Met. 5 ..82-S
iv7!4i! 6 63121 Ch A NW 3V$s col trust 4 hs 15 S23i
.0684 15 63 8 64I4 1 131a N YTel gm 4Hs
.06 ! Batt&O gold 4s CANWMIlSpa 101 14 1 2 721a
,061ft 1 64 A N 4s 1 certificates 12 73
,061a ? 6334 10 75 1 123ft! 1 721a 8
06 ! 28 031a Cbl Rys 1st 5s 9 126ft 2 73
9.534! 7 6334 15 56 11 13 | 11 721a
.96 I 5 631ft 1 55U ' Int Agr Ch 5s I 4 73
ov tsi 10 63 2 653g| l 72la NY Weefhestr
4 63I4 10 54I9 i IntAGtNor 1st A Boston 4 (js S
.89 ! ? 63% ChiRIAPRy 4s j 2 88 j 1 343ft
.87 18 63 1 671a IntM Marineta-NorfAW cv 6s 8
6m Balt-StOhlo 3V# ChlHIAP fd 4s j 1 77 I 3 102
,|.s 1 "0 11 631ft! 2 7634 15 IOU4
1017ft BaltAOSW 3^8 2 6334 1 8 76 | Norfolk A W 4s
102 3 737g 4 ?31aj 2 761ft 4 7312
102U 1 72 4 64 1 Iowa CCD 1st Ss 4... .'...73 8
rnoKs 11 73 2 6312 ! 17 70 INorfAWdlv4s
lcat.es 4 78U 11 6314 I KC Ft8A M 4s j 6 741.1
041ft B A () PL K A 1 631ft i 1 62 \ 6 733ft
dchfts W Va 4s 14 0314 3 61<s Norf&lVPoca4s
,ts 1 601h ChlUnStn 4Hs 7 6114i 10 75
.95 ' 2 5014 35 76 5 61 1 NorthernPac 4s
,941ft BAO TolAO 4s 14 751ft KsuCSofdJs 2 7312
ris- 4 52 Cbl A Wind 4s 10 70 4 7314
,gu 3 61 t 2 55U 4 70U 25 7312
.9418 2 52 I 2 6634 Kan City 80 3? 41 731ft!
,931ft Bell Tel Pa 7s 4 6514 10 523? 7 731H
jpen- receipts I 1 55lft KanCltyTerfts 1-1 ?212
1 3 1013ft 1 Chile Copper 7s 1 68I3 ? 73 "!
,72 " 1017ft! 5 001ft 1 08I4 1 721ft
las^s 2 102 I 4 003ft 13 63 NorthernPac 3.
6 1013ftt Chile Copperas 4 673ft 2 631ft
.9812 BethStecl ox 5s 1 2 64 Lack 8tl 5s 1033 Nor States Pwr
r. 871ft' 11 637ft 3 01 1st 8s Ser A '
.87 BethStlfdSs 1 18 63 1 90 4 76
,867ft 10 77 ! 5 62 1 901ft 1 761ft 1
ida 5s 3 763ft 4 63 Lack 9tl5s 1?50 Ont Trans 5s
Beth Stl 5s 183? ! 10 6378 1 73 1 65
,087ft 1 75 j C O CA 8t L#s Laclede Gas 6s Ore Bh L hi 4s 1
,081ft 3 7filfti -1 863ft 1 71 1 765ft
1 75 j CCCA8tLgm4s 2 70 2 7678
.871ft 3 '...751ft! 10 65 L8ft US ft* '.Ml 18 761a
,861ft 1 75 I Col 80 ext 4k4s 5 7878 OreWashRR A
ba 6s 2 76 5 6918 11 78 Nav fd 4s 1
26 75 2 60 L8 AM 83^8 1 68
tfil.. UeaHen Prm Ac I U MOIa 11 A7 n nol .
10 82 2 61? ! I.ehlfth Val ?3 Pacific Gm S?
.79 10 81la 8 6918 1 98I3I 65 78
'It'pis Bkn U?i> Tr 7s 7 69 I 12 98 | 35 7812
.73 1 41U Colo South 4a i LehValcon 4H"1 A 80 1
. 723s 8 41 2 773g I 1 7712' 1'rnDt 7?
leo4s certificates (1 7HIa 1 Liggett A M 7? 1 1031a
.30 aia 401a! 1 7618 j 2 1011a 1 IO3I4I
>vt 5* certificates 5 7A#b ] Liggett A M 5s 1 103% I
40 stamped | 20 751? ! 1 77 1 1021a|
.3914 2 371a Com Tab Bee ?s | Long 1st fd 4s 10 102V
?t4Ssi Blin Un El 1st 2 81 j 1 67 Penna As IMS |1
,7A5gl 6 A9U ConGasA-yrTs i Lou & Nash 7s 1 8614'
.767(51 stamped 12 98.% ; 2 103 0 881 r!
.761% 1 1 6&I4 41 0878 ! 1 1021a 6 8578
d4Hsj Bko UnGas 1st 2 99 j 6 102 10 8684
.75 | 3 7.434 6 0914 j Lou A Nash 4s >1 H512jl
.7614 BimhTsrmnl is 1 99 19 79U' penn 8m 4H,? A
,768s 1 69 Cubs Cane 8 ct ; 19 79 i f, 7tt
,761a Bush T Bldg 5s 1 7714 ; LA N AKA O 4s tt 75%
4a 2 71 11 77 ! 10 701a 6 7.->l3
667g 1 7034 21 7012 L A N 80 M 4s!p?,nca 4Hs 1921
.66 BushTermnl 4s 6 77lg 2 67 | 3 ,983s
,661a 1 68 10 76 Manhat By As 32 98I4
,661a Cal Gas AK 56 Del A Hud fd 4s stamped Penna 4 4a 1M0
1 831a 3 741a 3 6264, 6 88 1
;p 4s 2 H37H; Den A R O 4Hs 1 62 IPeoQACfdis
.56 Can North Ky7s 6 65 Mldvale 8tl As 3 62
cv As receipts Den A Rio G 4s 6 723* pere Mara 5s A
1 A 13 0978| 6 6113 i 31 72U 3 7984
.15 15 9934 J * 60 10 7234 J 79%
q3VAs 6 997(i DesM<ftFDex4s 23 72% 3 793.
691a A 99-V a <0 10 72l8 p Lorlllard 5s
eb As 50. 997g Det Tun Alyf 17 721j 2 77%'
881a Centof Oa As | 1 75 2 721s pUh Perv Corp! I
511 As I 21 85 E T V A G con & 72'a of N J As
.74 I 2 85U |....... IM 10 Z2'8 1
kBSs Ceu Leather As Er1o jgt ron 4, 8 72]a Reading gin 4s j
,72V Cent P?d<ic let ^ jgj? 9 72 V in!" ) *" . 771a I
721a 10 7H%' 3 Minn A 8t I. 4s 7 78 j V
72L4 8 8 Erte crilintTA 3 ^ 3 77 V
72V 1 7lV 13 3(l ; 7... ... .40 Rev! J C clt 4s
.721a 13 71 ^ 35 I MHtPAS8M 4s! 14 87 !
"V 38 JO'a Erie crte'eerR 3- -: --7ftV; RepIAS it IMO1
72% 1ft 703? 2 ..sftio Mo K 4c To* 4a f, 8.1
I2 ^ 7oV 3))), \) jasV 7ft .66[a RloUr&nde W4s \
.12V ChweAOhlofts r . 351,, 11 54V 1 6O.I4
.7218 3 88 2 35 ' RlAlitAL?4Hs V
I*,8" ,,1." S7V Krle cy4?,erD Mo K A T?J Jd ? 63I4
.94 I A O ? h?| 3 40V I 7 2 4 1 63V V
.937* f. 70U ? 40 ! Mo I'*0 8s >?? 0 633*
03v ft 7(? j n-;:;::;HOI4 3 *6i? ? ?* *
M"' 3 78.1s 20 . .. 397* I Mo Pec gm 4a 8tC A SanFren
2J? J 7MI* Erie sen 4a 77 81 | Serle. a
?3U 4 " 0 12 70/81 1 1934
??"r 3 771a l.:;.;..3WW 6 10 60
03)8 2 78 ! f>, ,b80. . .3912 7 87 . I 10 691a V
931HI 8.......771a[ in 391 j 1 6...... .50% 1 ,00
J5J2 ] Z13* Efle Peiin OoeJ ' 73 (j * 10 fl913 X
1 ZUi col tr 48 77 7>OV 1 0(1
7?, 8 ,iS? 2 721fi 78 2 591a
.7834 10 77 2 .7212 i 78 80',,, ML A KanFrto
cv 4s CAOcv 4VJ* I 5 ' *7214 8 W"4 Berlea R \
68V r, 7084 i * C4U, Mont l*wr ?s 20 71
r,i J". 3 70iai | ,t 731'a ! 2 80.74 8tL A SanKrao \
7^ 7 ;0|4 ptWAB fir lit 1' trTD-yij . 8<>r,? ?
' vb 4 70igi | m Montr l irnm ? 2 V
7?'a ft 7014 'V.'All, .1 ft .. 08 1 v ].V(Uii
.757* 0 70 Gen Electric flu | R ?? f)
7ftV 6 7014 ft -00V Monle Co I'd 9tL A RanPran 1
.76 12 701a * 7 , ? 72 i adj (j
78V 8 708* 3 j??8* MorrlsAKs?V 10 62
78V 1 7oia 7? M*' 1 071a' 1. 62ia
7ftV 1 70 7 ; 1'2? 1...... .07V 10 Ill
.757, CbeaAO 4><e Gen Electric ?* 1.../...67 | 8 61l?
7fiV 3 i'j7n 3_- : ' I? Naah CAStL lie a 62'
.75V 1 7234 Gt Falls !*wr fie 14 02 |20 617*
76 3 72*8 ? 1" ' ' '84, Net Tube Se 10 r,iv
clt 4b' >. 727* GrTr RjrCenTi 8834 3
.72 f'AOCrsln V ft* recelot* NewOrTer ?n.\ 1 Btl, A PhnPran
Kl* 1" 1ft 7Ua 2 79?? 13 89 incft,
73 PhlAAIton IV* .I :???B MITel* MJ? 10 48
let 4s 1 3,1*0 16......100 1 66 10 .. 461.
. 50 j Chi A Alton 3* G " Nor ,47f" 2 54V ft la.uj
2 43V 7 li 8 I NVAIrBrcr 4* 20 46
73 1 44 30 77V i ft 871a 10... ) ... *"-U
731* 2 43V llud A M*n fd N Y Cebtml 7a 4 46 1
.73 1 CltAQ joint ?a Je Series A 1 receipt* 1 4,Ha
cv ?K 40 9ft V 4 671a I 13 100V 66 4ft 1
.66ft* 84 9fiV 12 57V | N Y Cen deb 22 44V
66V ft tffi.v 8 671a 1 8 8914 10 44V
?7 j 8 95 V 2 67 14 89la 5N? 44V
. 54 96V HI Cent ? 1963 3 89% 7 4t 1
.80 J Chi RAQgirl 4a 16 06% j 4 8914 StlxwilnflW lat
79 t 21 7634 10 191 I 86 ft9 j 4 65
)I4H' Cbl RAO 111 4* 111 Cen M 4a SJ 1 887*1 StlxnilaSW Km 1
.77 I 8 ..708,1 JO 72 1 4 ft?M? I 1..... 30 |
'entern hennery brown, citn, 7T?^J> ! to down. $0'>M1: t to J lb*.,
hered brown and mixed colorn, $3.34*94.30; rutin, $1.30d|2. IJU
xtran, 77fl78e.; flrntn to extra (fx. till .2"; old. pair. 30973c
?7(V- Cottontnlln, Wentem, pair, 33
W'intern. pair, $191.40.
>FT-^iT-)",*,VhbiV' I'Ori.THV. I.IVK?l'T>WI,H:
$.1..>004.2.?. 1IWi lbi? $3.2 d$i. ,0. jo.-,-, axpreaa, 23'i.Hc.. CHICK1
. ' I.rf) tb" , $2 ',"6 ; 27o.; exprcnn, 27 1.10c.; hrotlai
nta. t(Vi 11'". $39982."; l.Vt Ibn.. expreen, 32if 40c.; old roontern,
3j l?ni Jr'and. bbl., $3.73$$4.23; TfllKKVH Kretxlit, 32c.;
1. I V) Ibe.. $2.VKM; long. 183 lh?.. t>t*CK8: Freight. 27934V.. "xp
ISO Ibn., $2 ::..T/$2 OO; No. 2, bbl.. Muncovay, 20922. . OKE8R:
Southern. bbl . $1,300)3; aweetn, gtir.; expreaa, 80r. HWAN: f
nk.. 7R*i$2. Maryland. $1 2391.73; praaa, ljr. PlnEONB fair.
bbl.. $1 .309.1 73. nr.-n. 4,'fMOc. CICINEAH:
IV, imRNWril TUHKF.Y8 Mary KABMTH: Kxpraax. earn. 220
330(13' ; ?A0r"2 Vlrxl 'a. I . ??.
TVeMern. f. . ?. Southern. nonf 1,1 VK 8TOI K AN II MICA
. 42918. ; rulla, .10940, .; t.|?|, 489 , . ?
ICKBN8: Near hv, lb , 30930r.; Common to prime ateera. ion 11
2MT40T ; Wantern dry picked broil- Common to choice bulla. 100 Ibn
i. 3O041<- ; ronntern, lb. 27934V.; Common to ehnlee coivn, 100 lb?
bbln.. 28933c.; roantern, .12930, .; Common to prime vealn, 100 Ibn
b 2V.V28r ; roanlem, '20033c. Common to prime aheep (ewei
IVantern dry nicked, milk fed, 100 Iba
03Tc.; corn fe.l, 230W,; bbln,. Common to prima lamba, 100 It
ncalded. 2.1910.- . nld cocka, Went- J.tve ho*n. 100 Ibn
3c. DT'CKA [,onr Inland, froxen, T'reaned beef. nteer nldea, lb...
-viand, 30040, : Wentern, 300 ?2c. . Hy dmna.-d veala, lb
Maryland, lb , 8A9?Oc ; Wantern, Preened million, lb
SQt'ABS: l,ar*e whlta, 8 to 10 Iba. preened Iambi, lb
vj
?dim*)
lNGE I, ? I
1918. J&
$16,939,000 My
1,977,173,000 \ {{Of
Net I Xg
L*st. Chgs. I ^
89.83 ?.08 1
89.80 +.14 !
Ti D?rol D
smo +oo 1 nc Koval ij
86.10 + .50 | *
84.00 +.30
83.02 +.43
KB -3, i Fifty-first Ai
| NOVEM
ItLSW con 4a
UAI
1 6884 "lrl1
(t 691a !
iti.&ironM 4a; Capital Paid up a
2.;;;;;; j Reserve Fund
iti.A iron Mt Undivided Profits
Rlv& Gulf4s I Dividend No. 133, payable December 1, 1920
o'"""J?7s Bonus of 2%, payable December 15, 1920...
tpikc8L4Hs 1 Notes in Circulation
!> -,l!i Deposits
tPMAM MOjte Due to other Banks
t i' M A M Due to Dominion Government
Mon ext 4s j Bills payable (Acceptances by London Branc
anA&APasais Acceptances under Letters of Credit '.
2 60
4 58
e*b A L fd 4a
1 39 |
AI
6...V..3S
iob. Cash on Hand and in Banks
2 32l? Deposit in the Central Gold Reserves. . ....
jg ! Government and Municipal Securities
eab A L 4a 2 Railway and Other Bonds, Debentures and S
stamped Call Loans in Canada
oBeUTATei'so Call Loans elsewhere than in Canada
8 8iia i
oath Pac cv sa a*
t 06la ,
jJ Loans and Discounts
lo!'.!". | !o23i Liabilities of Customers under Letters of Cred
io 93 Bank Premises
outh r?c c* 4a J Real Estate other than Bank Premises
+;i7s Deposit with Dominion Government for Secu
4..738a Other Assets not included in the foregoing...
II / ? ?
10 7334
louth Pac fd 4s
1 73Sg
14. .?30.. .7234 _ _ . _ __
PROFIT AND
outb Pac 4a
i?3 ?W. W Balance of Profit and Loss Account, 29th Nov
82 u Profits for the year, after deducting charges
l 823g all other expenses, accrued interest on d<
J ||'4 ; for all bad and doubtful debts and reba
louth Kyjtm4s i matured bills
7 57 i
5 573g '
20 ??? 1 APPROPRIATED AS FOLLOWS:
;;;; ;{;? Dividends Nos. 130, 131, 132 and 133 at 12 pe
jo ... .5734 Bonus of 2 per cent, to Shareholders
1 ?1^ j Transferred to Officers' Pension Fund.. ,
lb'..',-67U Written off Bank Premises Account
Perm nil Assn War Tax on Bank Note Circulation.
??rst L Transferred to Reserve Fund
rhirdAv rd 48 Balance of Profit and Loss carried forward. .
7 4013 '
2 40 I
5 41
3 4013 DI7CI7D
rhlrdAv adj 5a KLuLll
28 25
ru'seriesai>4Balance at Credit, 29th November, 1919....
20 82 Premium on New Capital Stock
Jn Pac ni-yT ?s Transferred from Profit and Loss Account...
10 . Ofllo
* jjjjfi Balance at Credit, 30th November, 1920._
0 "912 j
L'nlonPaclflc4j
8 798o I
1 7914 H. S. HOLT, EDSON L. P
% I?* President. Mana
4"i"*|?o8 Montreal, 18th December, 1920,
DntonPaccvis . _
2;;;;;;.78Ss AUDITORS
sve report to the shareholders op t
nnlonPac fd 44 That In our opinion the transactions of tho Bank s
20 , 314 i , of the Bank.
" "3 ; That we have chocked the cash and verified the
-P Rubber 7H* 1820, as well as at another tlnac, as required by Sec
1 96.34 ' rhe entries In the books In regard thereto. We alsc
3 97ls it the principal branches. ,
1 98.1b 1 That the above Ba lance Sheet has been compared
9?la 1 returns from the Branches, and In our opinion is pro)
n u 'Rubber *. date of the Bank's affairs according to the bost of ?
under 6s i)V the books of the Bank.
c That we havo obtained all the information and ?
7:::::::71
7 701a
2 70*8
? Montreal. Canada. 18th December. 1920.
it!.'!;;!-7OI4 I
J 8 Steel sf Ss j
" 8978 New York Agency: Cor
*> ':;; i F. T. Walker, J. A. Bea
4A.'8ea?
2 4 ot?
20 8984
J tab Power 5s
* 6
'a Caro Ch 6.1 | ????
r, 891 a i
Caro Ch 1st ??????????????T???????.
feS COTTON. G
1 8OI4 |
la fo 1 Tito feature of yesterday's cotton mar- Chicago, Dec.
' la"p9/u wa8 a decline of nearly % cent a day a material 1
*> y 63 1 Pound In the last hour of trading on as a result of d
l a hash 1st sudden Wall Mtreet liquidation promoted cotton. Prices
* 84'a by the severe break in stocks. The drop 3 tic. net lower,
V.ibasli 2d_ j carried many options into new low 1.82 > ? and Mnj
a... . ground for the downward movement and gained
A.01"." 0:1 -v,'ar' March touching 14.46 and May changed to 8%c
l!! '.!!1o28| 14-60. Although prices rallied somewhat unchanged to an
3 oaia In tho last few minutes of business, when Bearish sent!
2.......9234 local shorts took profits, the final tone became especlall;
Vest Md4i^ was unsettled, the market finishing 15 dealings altlioui!
Vest Pacific 1st to 2R points net lower. Yesterday's ac-j was apparent tli
I givb tivity was confined to the closing hour ?ver the downwi
1 807s of the session. Prices were not much first, however, tl
8... .8o-'?4 ohanged at any other time; in fact., they urgent selling ol
test 8bor?^4s - ru]cj at a advance during much of turned up tempo
Vf4it'ilnlon li the day. Business was again evening up 'e8S to strength
1 7sia by professionals, few new commitments finance of weak
ViwtUniontHs of nny slie being made. The market notion proved r
1 paid little attention to customary fac- could be wlthstoc
\ esttnsh se 7S tors' Liverpool cables were about uis underwent a qi
j ^^,04i4 ldun and outside trade conditions no "fiowfall which
4..... ' .9 tis better. wheat counted n
3.......94U Itango of prices: weakening value
1 "Vig Mnn- the decline 600
16 941a Open. High. Low. Close. lay. were taken for I
4 94U December ,.14.75 14.5(1 14.60 14.73 14.90
16 94ls | Jnnuary ...14 SO 15.0(1 14.38 14.78-90 14.93 Assertions tha
10 94 March 14 78 18.05 14.46 14 (12-66 14 80 was in progress
2 5 9334 ! May 14.92 15.12 14.60 14 74 77 14 9.1 Strength of tha
1 037g July 15.02 13.18 14.68 14.80-83 15.02 were said to be
r 1528 1480 14 05 18-,? by way of the O
}" ?}, NKW ORLEANS MAItKP.T. IBghJr"ouoTnt
' Jal! N*KW ORLEANS. Dec. 21.-A quietly Je- ...."J* , .
?? 4 rllnln* nmrk*t rwrrirfl thf prlc* of cotton d?ncy Prc
' VA_V? . ,fl n*w ,ow level* for wimnti to-day, CHIC
AMlsonAOo lit both on upotH and contracts. The close in WHEAT?
27.... ** contract* was well down toward the lowest Open.
iVtlsonACoi r? levels, with the Hat showing net loaeeM of December 171
HI " 33 to 30 points. Close: January, 13.61c.; Maroh 163
3 7na? Maroh, 13.93c.; May, 14.00c,; July, 14.20c.; May 160
f2 80 October, 14.30". CORN?
to Central 4a December .... fill
6 69 LIVERPOOL f ABI KS. May 78
Spot cotton dull at IS point* decline; mid- 1 July if
rflln*. 0.01 d. Sales 3.00O. American 1,000. OATS?
Import* 10,000. American IS,000. Futures December .... 47
~ opened quiet at 12 to 14 points decline. May 411
Closed steady at 1 to 9 points decline. Jan., July 48
?5?T: dark. 10:39; March. 10.r>7; May, 10.70; July, 10.76; LARD?
INEAS: Fair, Manchester--Y'arna dull and easier; clotha January 18
RABBITS: dull. May 13.
?r>0c.; Jacks, ____ RIBS?
COTTON STATISTICS. January 11.
freight, 27? Yester- East Last May 11.
SNS: Freight, day. week. year. PORK'S.
freight or Port recelpta 61.787 43,6.12 41,694 January 22.
freight, 18c. Reports ' 1 39.308 2,144 12.670
express, 65o. export* season.. .2,241.880 2,06",450 2,610.411 NEW
res*. 80?32c.; New York stock*. 26.241 22.717 61,129 Nn ?
Freight, 26? i Port stocks 1,406.062 1,366,316 1,602,342 ? , ! Vi
Yelglit pr et- Interior receipt*.. 32.333 34,720 K1W iias'??%
freight or ex. Interior shipments 29.606 22.024 22.4U9 "G oalie 7
Pair. r.0?73c. New York arrival* 1,124 347 1,943 Shipment
SOI THERN SPOTS. No^Wdte die '
T nil n i l Norfolk quiet, 26 lower, at 14e.: sales, 440 white 61,
HI< K*- hales. Augusta quiet. 60 lower, at 14.18c.; S^aH elevator
)s. 97.60911.60 *alee. 872 bales. Memphis quiet. B0 lower, *RVE-Market q,
1.. 6.006" 8.00 *t 14.60c.; sales, 276. Houston quiet 26 f. 0, b. and 81.78,
I.. 2.008 7.00 '?*"r ? 13.76c.; sales, 2,916. Little nock RABl.EY Mark
I.. 12.00817.60 "nrh"n*ed' St 16c ; sale* 396 bales. fSo . malting. P7
I), Pallas steady, unchanged. at 13.46c.; sale* york
. 3 00? 6 00 on. Worth quiet. 26 lower, at 18.26c.; Rf CKWHY.AT?
>s 8.(101711 00 sales. 1,876. Halveaton quiet; unchanged, at ?2 nominal a
.. 1076*11.00 3.003 bales. Now Orleans HAY-M*rket ei
12<ft "0 gM^f lower, at 14c.: **!**. 374 bale*. jjo 2. $1.75 fo $
5? Mobile nominal. 25 lower, at 14<\; *al*e, nil. uhlDnln*. $1.40 tn
.07? .18 Sarannah nominal, unchanged, at IB.TBo.; a*RAW-Mark?
.. .20? .27 salaa, nil. |20 a ton.
lank of Canada
.
mual Statement
BER 30, 1920.
3ILITIES
$20,134,010.00
20,134,010.00
558.035.57
> 585,979.48
402,680.20
41,672,973.74
455,017,387.02
14,965,810.47
19,972,801.38 *
h) 3,997,678.28
17,228,647.29
$594,670,013.43
SSETS
$147,509,386.19
23,500,000.00
34.208,399.70
tocks 16.117,459.49
12,899,573.85
I,,.*,,,,,.,*,, *,... 44,962,994.23
$279,197,713.46
$286,842,000.84
it as per contra....M 17.228,647.29
?... 9,498,425.46
966349.43
rity of Note Circulation.. ........ 860,000.00
76376.95
$594,670,013.43
LOSS ACCOUNT
ember, 1919 $1,098,418.7*
of management and
eposits, full provision
ite of interest on un
4,253,649.24
* $5,350,067.94
r cent, per annum. M $3,153,159.11
402,680.26
, , ? , 100,000.00
400,000.00
m...m.m.m? 180,295.47
?? ? 1,567,005.00
546,928.20
?
:VE FUND
.$17,006,00006
1,567,005.06
mmmm u<w?M?*WI 1,567,0054)6 I
EASE, C. E. tremu
ging Director. OenerafeSIanagetv
i* CERTIFICATE
HE ROY AX BANK OF CANADA*
rhlch have come under our notion have basa wuwa tha imam
Rorurltlm of the Bank a(> the Chief Office at 80th Nrrt-erabw
tlon SO of the Bank Act and that we found they agreed with
i during the year checked the cash and verified the aeourltln
by us with the books at the Chief Office and with the certified
perly drawD up so as to exhibit a true and correct view of the
>ur information and the explanations gives to us and as shown
'Trillinat.Inn* mniilwvf hv n?
JAMES O. noss. O.K.. at P.8. Rosa ft Bona. J
tier William & Cedar Streets
itson, E. B. Mclnerney, Agents
1 '
I
RAIN. !. FINANCIAL NOTES.
Hilary, Btuart * Oo. and the William R
91 _Wheat suffered to- fomptnn Company are offering to-day
Vw i .1 LfiTll ?.^8.000 of Oklahoma City Oklahoma Schoo
net bock tn price, largely Dtatrtct B per cent, bond*, $104,000 of which
epreaslon of stocks and mature yearly on January 1, 1940, and Janu
closed nervous at 2 & "ry 1. 194R. The bond* are a direct obltga
w?r.ii si cnua tlon of tho entire school district. They ar<
.. .. _ helng offered at price to yield BH per cent
r fl.oo1.58 >4 corn
J.; oats finished un- Director* of the Waring Hat Manufaetur
. higher, and provisions ing Corporation have declared the regular
, ' . quarterly dividend of 2 per cent, on Its pro
advance of ?0c. ferred stock, payable on January X to holaect
ment regarding wheat of record on December 23.
Y pronounced In the late _ ??
,h ... fhA on fast It E- L. Dohenv has been elected a director
;h. e\en at .ho outset 11 of ho NfttlormI SutTty Company.
iat httvnra wnfn imnojiv
ird awing of stocks. At Sutro Ilroe. t Co. have received a teli
lero was no evidence of gram from California stating that J. K
' ,?j ?v? orlr?f Armsby, the chairman of the board of '.1
wheat and the market CaIlf<>rT,la Packing Corporation, denies th
irarily, owing more or rumors that tiiat company intends to cut th
of corn. Then the In- dividend, and says emphatically that th<
moss tn stocks and in m?vo ' not contemplated and that its earn
. J? . h"vo *>"" very satisfactory and that th
noro of a W6lgm than company has four years' dividends In r?*
h1 and th? wheat market serve.
lick tumble. A timely
wilt hpln nrotert winter 8herwood A Merrlfleld, specialists In mu
will help protect winmi nlc!pa, bondli hav(| publl|lfi?d for dtatrlbu
omownot ns .1 factor In (jon descriptive circulars on Ion* and shor*
ia. It waa said that on term tax exempt bonds yielding 4.80 to
> 000 bushels of wheat r, ,? P*r cent. In the list ar<- Included bond.
i,?.. of Rochestor, Syracuse, New Rochells an<
jurope. Watertnwn and Onondaga and Jeffersot
t export business in eorn counties.
had much to do with the
t cereal Kxoort bid. Walter M. Adrtance, formerly asststan
J. r?. i ,i,V, Professor and lecturer In economics ar *
on a full working Njiis finance In Trlnceton University, has been ap I
ulf of Mexico. pointed an assistant secretary of the Ouar B
with com.
lona on hogs had a ton- 1
ivlaioriH. F.I.KCTIONS AND MRBTINOg. "
AtfO rilK ,--v
Mon- NOTICR TO THR STOCKHOLDERS. .
High. Low. Close, day. A special meeting of the sfteckholders of K
1.2 108 ldS>4 17044 w. Ilobtschon, Inc., will be held In Nea- Tork
V4 18844 iniv 182 >4 19444 City. U33 Hroadway, room 820, on the fourtii
i 182(4 187?4 158U 181(4 "lay of January. 1M2I, at 10 A. M., for thu
purpose of voting upon a proposition to In
'14 7214 9844 71 8041 crease the capital stock of the said corpora
144 78 78<1 7444 78% "nn from tho present amount of twentylu
7714 74i4 78U 74?I five thousand dollars (128,000 00), consisting
of 200 shares of capital stock at a hundred
14 48 4711 47n 4711 dollars ($100.00) each, to on# hundred thou
it. iV)V 404* 40*' sand dollars {$100,000.00"*, to constat of
15 40S 48% 4|) 48% 1.000 share# of one hundred dollar# ($100.00
*&ch.
00 18.12 12.87 12.02 12.02 WJ"JtT.,Jfa.th* b?"r,S 0f
n?o tin in <8 10 11 111 it directors Immediately followInii
18.80 13.18 13.4. 18-7 R w HOBJflCHON. President.
40 11.48 11.30 11.33 11.12 H. B. DICKINSON, Secretary
88 12.18 11.80 12.10 11.80 ^lTK annual meeting of the stockholders of
?? ?? ? this Compsny for the election of Director*
88 22.83 22..8 22.85 22.80 1 election of Inspectors of Election, end for
] the transaction of such other business a?
YORK PltK F.S. I shall come before the niee'ine. will bt held *1
red sn.l No 2 hard 41 08 I 'he offlco of the Company, M Liberty Street.
.... Q' ' * ' It. the City of Now York, the 4th day of Jan
v?*11c>\v MllUi* cind Mn 2 I i tflil, %t 12 0 Clock HOOD.
I. f., bewVork, ten days' I .T,hol#PnM Wl" rem",n epon UBtU 12:30
?clock P. M.
.It. and No. 2 white. 02c.: THE FIDELITY AND OMmAVTY COM
4 wtittd* fftnrv i ' ANi 'Jr NYjW i*'F\rv.
5.; ordinary clipped' wMt,! i TIIEO. ?. OATY. Vice resident gacrstary
j THE HANOVER NATION A I, "SANK
ul?t. No. 2 Western, $1.13 of the I'lty of New York,
c. I. f., New York. ' New York, December Hth, tun
et easy. Feeding, 8Tc. to | Notice Is hereby given that the annual
c. to $1.08, c. I. f., New I meeting of the shareholders of this hank
| for the election of Directors to eenre dur Market
dull. Sound milling, ; Ing the coming year and for the trans
100 lb?. ! action of such other business as may come
as*. No. t. 11.an to (1.M: before the meeting will be held at the bank
l.l.r>: No. 8, 11.00 to fl.TO; tng house, Nassau and Pine streets. Tuesi
|1.00. day. January 11th, 1021. between the hours
t dull. No. 1 rye, |tl to of 11 o'clock A. M. and 12 o'clock M.
W*. B. CABUD, JR.. Cashier.
t /
d

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