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The New York herald. [volume] (New York, N.Y.) 1920-1924, March 24, 1922, Image 14

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u
ANALYTICAL
REVIEWS
Our analytical re
views of any of the
following stocks will
be mailed upon re
quest
United Fruit
General Motors
Northern Pacific
General Electric
California Petroleum
Spencer Trask& Co.
25 Broad Street, New York
M.BANY BOSTON CHICAGO
Member* New York Stock' Exchange
Members Chicago Stock Exchange
If
'X\ iiniiimn-. l
Spok ane, Port land
& Seattle Railway Co.
Eq nipment Trust 6% GoldSot es
Due Jan. 15, 1927-19.12
First Mortgage Bonds
and Stock of this Com
pany owned by the
Northern Pacific and
the Great Northern
Railway Companies.
Price yielding about
5.75%
The National City Company
Main Office:
National City Bank Building
t ptownOffice: 4-nd St. &Madi.*>n Ave.
Exempt from All
Federal Income Taxes
City of
Lansing, Mich.
4-%% and 5c, "c Bonds
Due Serial!//
1926 to 19.16
Legal Investment for Sav
ings Banks and Trust Funds
in New York and other
states.
' Prices to yield
4.50% to 4.40%
'according to maturity)
( oniplete Circular on request.
Estabrook & Co.
24 Broad St. 15 State St.
New York Boston
Hartford New Bedford
I'rovldencc Springfield
It
State of
California
5% Coupon Bonds
Due July 3. 1943-49
Exempt from Federal Income Taxes.
Legal Investment for Sacings Banks and
Trust Funds in New York and
other Slates.
Price to Yield 4.35%
Remick, Hodges & Co.
14 Wall St. New York
I orre?nomlenU K I T><* v f'o., Ho.ton
J. K. Rice, Jr. & Co. Will Buy
?Ml Nat. Bk. nf ( onum-rie vll.
im? Nill. Ice I .ending (all |?)
10 Nilen-Bement-Pond rem.
HM? North Bi?er In*.
.">? N. V. Mutual (>a? li K h t
l?Mt N. V. Mate IIt. l om A I'fi
"?O Old Dominion n. s,
l (Ml Penn Coal A ( oke
I mi Porto Kiran Am. Tnh.
">? Ko>al Making Powder PfH.
Mm Ken It.? \?<.ociate.
M Mafel.t I ar lllg. ft I |?
"i? "?iligee Mfg.
MK?Mlitgei Mfg.. ltd.
Mm Thnrber ICartlien Product*
IttO t . *. Kire In*.
UNI Ward Kaking I'fd.
I (HI Virginian Hjr. Com.
IM W. Vn. Pulp A Paper
'!!) Vale \ Tonne Mfg.
J.K.Rice.Jr.&Co.
I'lionea 4000 lo 40 m John. Mi Wall H|.,
U.%
investment Bonds
Bank & Trust Co. Stocks
MCCLURE, JONES & REED
?4r J Mrmtrr, l?tw Si?t f xihtrtf,
IIJ Broadway Phon, 7wt2 R(wf#f
National
City Bank
CLINTON GILBERT
I 2 Wall Street, N. Y Tel 4?4K Reel*
FINANCIAL NEWS
AND COMMENT
Storks Keoede?Marks Fall to
1-2 Cent?Reserve Ratio
?t New Hiffh.
The most interesting financial devel
opments \esterday were outside the
stock market, but It was evident in the
rather general reaction of prices in sev
eral markets that a relationship existed
in the Influences affecting them. The
tall of lierman exchange to .29 >4 cent
wa a plain reflection of the latest rul
ing* of the Reparations Commission.
Never before had the mark been quoted
lower than that figure, and, in addition
to considerable speculative pressure
against the quotation, it was altogether
probable that sales represented hurried
transfers of funds from German centers
to outside countries. Cabled news said
tnat the program for enforcing an ad
ditional tax of (50,000,000,000 marks
(paper) and a possible forced levy on
capital through a loan had had a most
Oppressing influence on the German
( overnment, and it was reasonable to
assume that the effect was no less pro
nounced on Germany's business men and
capitalists. The ratp recovered slightly
from its lowest point. Other Kuropean
exchanges were somewhat lower than
they were on Wednesday.
A sharp fall of grain prices seemed to
bt connected partly with the easier ten
dency of foreign exchanges, although all
consideration of this market must
r.eeda be tempered with knowledge that
the advance of February and the first
half of March had made prices vulner
I able to realizing sales. The wheat op
: tiotis fell 2 to 4 >i cents a bushel. Corn
futures receded l?i cents and in cotton
j lieavy selling of March contracts brought
! a fall of nearly cent a pound net.
The adverse manufacturing situation in
New Kngland was mainly accountable
fcr that retreat, with the exchange posi
tion making its influence felt on senti
ment in respect to export outlook.
All things considered, stocks gave a
better account of themselves than might
have been expected and bonds held up
well In the face of a firmer money
situation. For the first time since
fixed period loans softened nine days
ago there was a slight edging forward
of rates, consequently little money was
i offered under 41-.. per cent, and most
' loans were placed at that figure and
4% per cent. Call money for the second
| day of this week went to 5'i per cent.
' Those rates are by no means unusual,
but the stiffening tendency lent ?m
, phasis to last week's artificial ease,
; caused by accumulations of funds in
New York for income tax payments and
! Government transactions.
Stocks ended the day lower in most
cases than they did on Wednesday, but
| the large majority of recessions were
fractional and many shares gained
? ground. No surprise was attached to
' the fall of 2Vi points in Northern Pa
i cific, which its. reduced dividend ex
plained. and also the concurrent re
j action of 114 points in Great Northern
I referred. Steel stocks were fairly
: steady, aided by news that the industry,
represented by the United States Steel
j Corporation, hod gone to a higher level
i of operations this week -^ian Wednes
! day's trade reviews indicated. The cor
i j oration's plants, due to real activity a.t
one of two centers, are operating at
| close to 70 per cent, of capacity.
As is usual a week after a quarterly
I tax date the Reserve system showed a
; strengthened position. Members' de
I rosits declined no less than $174,600,000
1 end. as reserve* were about $3,.".00.000
? larger than they were for the week be
fore and circulation declined more than
fi.200.000. the ratio of cash to deposit
rnd note liabilities advanced 2.8 per
cent to 7S.4 per cent., the highest point
since September 21, 1917. That showing
hardly suggested permanently rlrtn
money rates.
FOREIGN EXCHANGE.
THURSDAY. MARCH 23, 192!
OKKAT BRITAIN.
f n, uj. Thurs- Wednes
*4 sflis Sterling: . <Jay.
Demand $4.3N5?
4.M
Hanker*, 60 d*. 4.3.V4
Banker*. 00 d*. 4.'14
THE tONTINKNT
lit 30 Franee, rent* a franc:
Demand
Cables ? ? ?
1 !? 510 Itelfrium. rent*
I i.niand
Cable<
19 30 rtwltterland. cent* a
Demand 19.4".
Cable* 19.4"
lMt Italy. ? "nts a llm:
IVmtnl B.I I
Cables r>.11'
23 SO Ormany. cent* a mark:
Demand .".0 .32",
Cabin* ?1" .3. ?*
2fi 80 Sweden, cunt* " l'roiie:
L)?r>mnd ...26. IS 26.20
Cable* 20.20 26.25
26 80 Norway, cent* a krone:
Demand 17.55 1?..".;,
I'ablf* 17.60 17.tlii
2t: 80 Derimar-l<, i . nt? a krone:
Demand ...21.2". 21.30
caMn 21.30 21.:::.
Ill UO irnt* a drachma
day. Mar. 16.
$1 :;9>i I4.34H
4.39'i 4.34H
4.85*
4.34S
9.00 9.07'
ft.06!i 9.07li
a franc:
8.45 * 49V4
8.45% 8.50
f rani;:
19.45
19 47
5.1 IH
, 5.12
Demand 4.48
Cable* 4.50
1 ?? u? Spain, ? ? nt;. a pe?i t
? If "
11. mand
Cable* .
40.20 Holland,
Demand
? ?able.
51 40 lltiHMia.
100 ruble*...
500 ruMr*..
20 Jt'. Austria, ei?nt*
I?etn:ind
Cable*.
2,1.80 Poland, rent*
I lemand
Cable*
50 30 Hungary?
Demand
Cable* H
20 10 Itlifo-Klui la, rent* a
110
??nt* h llnrln
37.80
>'Ht* a ruble:
<?1 own:
.01%
.or .
ma r i :
0J?
.... .<?%
ent* * Mov ii
12
4.50
1.53
15.03
15.65
? 01',
.01 u
JM
4.29'?
8.96
8.9tl'i
8.31 '/*
5.32
19.41
19.43
3.03
5.03 "4
?36U
,:1U%
25.95
JO. 00
20.00
20.05
37.60
37,65
.01'i
.01 ?
02' .
OS1,
Demand.
? 'able*
:!0 I'lnland. cent*
Demand
Cable*....
.31
32
i mark
2.15
16
13' i
t own:
.31';.
32';,
5.15 1
2.16 ;
i rrown:
< awie:< - - I"
Vii 2V ?'/??? hO-Hlovakia. cent*
Demand 1.80
Cable* 1.81 1.74
19 "o Itnmanla, rent* a leu:
Demand 75 .7.V?
? 'able* 70 .76',
?l 1" Tutfcry. rent* a pound:
Demand 66.00 <17.50
Cable* 0"00 09.50
FAR KANT.
108.(2 .-'hanirhat, cents a tu*l.
Demand 72.35 7.' 25
'?able* 72.76 72.75
7' 'Mi Hongkong, tenth a dirtWr:
Demand 54.25 .-,4.01)
i 75 54.5o
0* 00 I'...nil..iv, tent* a rupee
Demand V?*.I2? ? 28.12H
? ?abb- 2ft.37'.v 38.57 ,
ris< Yokohama, cent* a >en:
I wmanil . 47.50 (7.50
fable* 17.75 17.75
MM I'M AMIMIf A.
V. t 111r. lie .Innelro, cent* a milrel*
.13%
.13%
? 74\
.7B*
r,-.on
<17 00
;i 50
72.00
2H,no
2*.27>
47,37*'.
47
m
DemAnd
I* Bullion
Demrnnl
.
f j tlfwinmy
f ?omarifl
Cablet ,
1*1.91 ?.*nf
refit* a fM??o *,
... 36.?r,
. . UI.H7 M.m
?nt# a dollar:
an.7*
. e, . HO. 1171 >
(AMADA.
\Y Vorfc funds in Montr**!, $2* 75 pre*
mn n *1,000. Monttenl fundi In Tork,
iM tHtcount a $1
aft. 00
mm
HOW
NEW YORK STOCK EXCHANGE QUOTATIONS.
THURSDAY. MARCH 23, 1922.
Day's salt's
" J?22.
High.| Low. |
io%T
Hid. | Ask. iln$.{ Sales. I
1922. 1921. 1920.
815,538 643,412 1,237,251
|Open- | High-1 Low- j Clo?-| Net
| inn. | em.
18%
56
i7%
%
64%
109
47%
94
41"
I 45% |
I 13%
%
55%
1101
11 37%!
I 86%
29%
15%!
54 ;
16%:
14%
53
16%
%: % I
63 is | 63 % '
109 109% |
44% 45
93%
39
67%! 57 i 66
94 i
39%,
70
31%!
31 %
31% I
51 I
32%'
S4
44 :
47
62%,
47%'
12%
27 %i
56 i
6%!
16 !
71% I
114% |
82% 72 !
4i? % 3811
11 %l 9%
35%|
52%: 55 I
41 % I 42 I
41% 42%!
59 69%;
45%; 45%!
7 I 9%1 10 |
19% | 24% I 25 I
41 | 52%! 55 I
4%| G%! 6 j
12 14%, 15 |
58 ! 68%' 68% i
78 111 1112 I
80%! 81 I
42%: 42%
11
29% | 33%
111% 1102 107%
90% 82 86
8 % 3%! 7%
15% i 5%' 13%
">4%I 43%' 50%I 51 ! ,.|
138 :109% 124%!126%' 12!
36 I 30% i 35% 35% 31
74% 54% 69% 70 ! ..I
100 84 ; 97'A 99 7|
35%! 23V4' 31%! 32 | ..?
70 54 60 66 I 51
124% 114% i 120% ! 120% .9
142% 1129 %, 135%! 136% I 12
300
100
100
1000
800
100
4700
500
( eat.J^ lng. |Oh'i>se.
%
IB I?
54%! +
16%' .
%|?
63%; +
'/?
I 11%'
34 I
il08% 1
!
! u 1
7001Adv Rumely..| 14 | 15 j 14 |
300 Air Reduction.' 64 54% 54 \
15<M>! Ajax Rubber..; 16% 16% 16%
500 Alaska G M... % % % !
6100,'Allied C & D..| 62% 63%: 62%
100'Al C & D pf... 109 10H 109 1109 ] +
3900IA1HS Chalmers 45%, 45%: 44%; 44%i? 1
300 Allis Chal pf.. 93% 94 93% 94 + %
Am Ag Chem..: 39 j 39% i 39 | 39 %|? %
Am Bank N...! 67%' 67% 67%! 67% %
Am Bank N pf! 53%! 53% 53%! 53%| + %
Am Beet Sug. 41% 41% 40% i 41%|? 2%
Am Bosch M.. 42% 42% 41%: 41%I? 2
Am Br S & F. 59% 59% 59% I 59% +
Am Can 45 45% 44%] 45%
Am Chicle .... 9% 9% 9%> 9%
1100 Am Cotton Oil 24% 25 | 24%; 24%
100 Am Cot Oil pf. i 54 54 j 54 i 54 ? 1
300 Am Drug Syn.j 6 6 6 ' 6
400 Am Hide & L.: 15 15 ! 14% I 15
6001 Am H & L pf.' 69% 69%l 68 Vi I 68% ? 1
26001 Am tee |112% 113% 111 % 111 % I? i
200! Am Ice pf I 80% I 80%i 80%! 80% |? '
2500|Am Int Corp.. 43% 43% 42%! 42% ?
600 Am La F E.| 11% I 11%; 11 ! 11 ?
10001 Am Linseed .. 33% 34% 33% I 34
4600 ,Am Loco |108%|108% 107%'108 j?
300; Am Radiator.. 86%, 86% 86% I 86%!?
2200lAm Saf Razor! 7%I 7%, 7%I 7%
1400!Am Ship & C.| 13%' 13% 13%j 13%!?
1700lAm Sm ft Ref.1 51 i 51%! 50%! 50%|?
100 Am Snuff |126% 126%!126%,126%( + 1%
14500!Am Steel F... I 34 | 36 34 | 35% + 1%
%
%
138%'126 ! 132 1133
102% | 96%:i0l 1102
12%! 6 I 10% 11%
31%i 17% | 28%t 29%
90%! 78% I 8C% 86%
29%! 22%l 25%: 26
12%' 14% | 15
12
6!
16%
40%
52%
10%
50 ! 29
57% I 43
100 I 95%
88%! 85
36% 37%
50%) 50%
18 ! 19
49 I 49%!
54
96%
86%
2 V
%
83
2%
... 13%
31% 23% I 28
27% [ 9%| 25%
92% 106%
54%'
96%j
&\
90% I 92 !
3 Vi i 3%
19%I 20%!
28%!
25%
44%! 31%
8%! 5%
20%; 14%
60% I 61
6% 6% I
12%! 14 ||
22%| 23
42% | 43
8%! 8%
19%; 19%
-? 8 ? * 7S if-TBI i 7B
24%! 16%! 22%I 22%
38%I 29 *| 36%] 37
72%' 59 I 69 Vi I 69%
42% I 30%! 40% I 40%
80% I 70Vi I 78% I 80
94 83% I 92 j 92%!
18%' 15% 17%! J7% |
29%| 25%! 27%| 27%I
65% 54 : 61 ! 64%|
47 ' 41 46%! 40%;
31%! 24 29 ! 30 !
48%; 38 47 ! 47%!
60 ! 55 60 I 60%!
85%! 64% 82 I 82%
4 ! 1%' 3% i )3%
18%! 13 : 13% 13%
72% 55 Vi 65%! 66 Vi
111%! 85
15 ! 12
3 Vi i
13% [
65%! 66 Vi 4
107 1107%: 7!
13 ' 13%! ..|
2%! %| % %! ..!
63%! 45%! 62% 62%' ..
107%i 91% 103%|103%: l'l>|
US% 111 114 1115 7
37 31% I 35%! 35% !2% !
67%' 52%' 56 j 56^; 4
26% 14%! 23 I 23%! ..
19%! 8% I 15%1 16 i ..I
40%! 15%| 35 ! 35%! ..!
63%I 48% 55% 56%I ..
1 J8%'106% 116 1117 ! 9
1;9%'110% 114%'ll.-> ! 6
108%!100%'l07%108 1 8
28%! 18%' 27% 28 ! 1
4 ' 2%l 3 I 4
740 600 720 730
' 34 35% 10
84%I 70%! 82 ' 82% 6!
12 1 7 ! 11%: 11%! ..
18%; 11% 17% 17%' ..I
12% 7%' 12 12%! ..I
85%! 75%I 78% 79 I 8'
99 '91%! 93% 94 J 8
10S ! 75 '102 '105 ! 10!
96 ! 76%' 94% 95 ! 81
17%' 11%' i?>4 16% .J
20%: 12% I 17%! 17 % I ..I
1 Vi I %I SI % I
? f 2r>
! 3!
45%
?>5%
90
3
65%
108
157 '136
10%' 8% |
77 | 69 '
67%:
79%;
34%'
so %:
26 %!
70 Vi
31%!
76
SS
41%
S7
30%
8(1%
28%
1 '%
11%
2" %
9C % I
3%'
62 %
15 %!
9%'
79%
103 i
4 %
42 '
3%
9%
11 %!
43%;
36%;
27%!
95%!
17%
72%
35%!
78 !
70 :
16%
100
71 %
19
35
3
70
41
57%
46%!
100 !
31 !
19% J
174 j
50% i
?4';.
-?> 4
?%
16
14%
10%
3%
70
58
90
153% 1
10%|
76%
75%
87%
38%
84%
27%
72%!
35%
12
58%
91
54
10%'
88%
39
84%
61V*
15%
7%
"4 %
35%
27%.
12%
10
24%!
3 :
53%
1"'%
8 1
97%'104 Ml 1101%!
1%
37%
1
3%
6%
33
26
22 i
79%
13%
62% I
25%
68%:
54
11%
60
43%
100
59 '
i:%!
24
1%'
38%!
34%
4%
81
39%
3%
8%
10%
39
33
25 Vi!
94%
15%
69%
34% '85
77 ' 77%
06%' 68
15% 16%
3'
3?%
?"*%
H
11%'
39%
34
26
94%
15%
70
2%
71%!
46 !
1 0(1
63 !
17%
29 1
1%
63
38
34 %
61
25%
15%
110
40
13
70
45%
62
I 17%
28
1%
1 62
37%
1%
25%
' 55%
13%
96
: 29%
17% I 18 I
1135% 1136%'
! 47% ' 48 1
60%' 61%
a .> ??*
43%
97 I
29% I
7800'Am Sugar
300 Am Sugar pf..
1500:.\m Sum Tob.
600!Am Tel & C..| 63
2500!Am Tel & Tel.; 121
71 71 69% | 70 I? 1
97% I 97% | 97% | 97%!? J
32% i 32% I 31%! 32 ' + J
I 65 I 63 65 !? o
!121%'120%|120%
600 Am Tobacco ..1136% 1136% 135% [135% |?
200 Am Tobacco B!133%,133% 132%!l32%|
700!Am T pf new. !100%|101%:i00%tl01 %| +
1000:Am W W ft El1 11%I ll%i 10%! 11 |?
500!AWW&E6% pf 29*4 i 29%' 29 | 29 |?
3100;Am Woolen ..i 86%' S7 86%! 86%!?
200'Am Writ P nfl 26
14%
38
50%
17%! 19
48% i 50
26
14 % j
38 |
50%;
54
97
a. i 87%
2%I 2%|
90%' 90Vi
3%! 3%
19 ! 20
7% 28%
, 25%
i 1%
! 63
1 91
I 69%
1 6%
62%! 62^il 62%
15%! 18 ' 15%
3001 Am Z, L ft S..
400 i Am Z, I,. & S pf
3900'Anaconda
1500,Ann Arbor ...
4100jAnn Arbor pf.
200!Asso Drv Gds.i 54
2200iAtch. T & S F.| 96?
400'A, T & S F pf.
400lAt, Birm ft Atl
300 Atlantic C L ?
100 Atlantic Fruit.
800!Atlas Tack ...
1000! A. Gulf & W I.
300 Austin Nichols! 25 | 25%
10300 Baldwin Loco. !106% 107%
3200 Bait ft Ohio...! 37%! 38%
lOOOlBait & Ohio pf| 56 ! 56
200! Barnsdall B...J 25
16100 Batopilas I 1%
500'Beth Steel i 63
lOOlBeth S 7 pc pf: 91
llOOOBeth Steel B..1 69
400 Booth Fish ...| 6%
1001 Brit K S 1st pf
16100|Brooklyn R T.
10200 !b R T ctfs....
400 Brook Un Gas! 92
700 Burns Bros ..:i28 128%
26001Burns Bros B.! 11%1 41
100 Bush Term pf.J 90% 1 90%
lOOlButterick ....j
100 Butte Cop ft Z|
llOOlButte & Sup..
9001 Caddo C O& R
300'Cal Packing...' 75%!
1200'Cal I'etrol .... 51%I
lOOiCal Petrol pf.J 89%
1600 Callahan Z ft LI 6%'
2600, Canadian Pac. 135%'
100'Case. <J1) PW! 5 I
3700!Cen leather .! 36%
lOOjCen Leath pf..! 71%
600 Cerro de Pas.. i 35%
2500!Certain-teed ..! 42%
3600iChandler Mot.j 71%
1400|Ches & Ohio.. | 61%
2000 Chi & Alton. ..I 6%
600'Chi & Alton pf 14%
2100,Chi ft East 111-! 22%
300 C&EI eq tr pf.
300'Chi Gt West..
900 Chi Gt W pf. .
1600'Chi. M & St P.
2200!c. M ft St Ppf
1800;Chi & N W...
2900|Chi. R I ft P..! 40Vi
100C.RI&P 6pc pf] 78%
200 C.RI&P 7pc pfi 92%
2600 Chile Copper..! 17%
500'Chlno Copper.! 27%
26
14%
37
">0%
17%
48%
54
96%
26
| 14%!? %
37 ? 1
| 50 Vi ? %
! 19 :+ 1%
i 49% 1+ 2
I 54 ! ..
96% i? %
2%
90
3%
19
27%
25
105%
37%
55%
1%
63
91
68
6%
2% .
90% ?
3% ?
20 ! -f
25%| +
106V4!?
38% +
55% ?
25%,+
1%[ +
63 I?
91 ; ?
68 Vi!?
6% +
62%|?
17% +
15%' 17%: 15%: 16%l+ 1%
92 i 90%| 90%;- 1%
128 :i28%!+ %
40%
90%'
31%
6%
25%
12
31% I 31%
6% | 6%
is;
26 Vi
12%
26%
12%
75%
51 Vi
89%
6%
135%
50%
89%
6%
1
36%: 35%
71 %| 71%
35% I 35
47 I 42
72%| 71%
61% 60%
7 ! 6 |
14% 14 I
22%l 22%:
42%! 42%| 42%
41%
90%
31%; ?
6% .
25%! ?
12 !?
75 ?
50%
89% | + %
6%!+ Vi
134%! 134%? %
4%j 5 : ..
35%:? %
71% ? Vi
35% ? %
46%!+ 3%
72 U.
60 vi ? i Vi
6% ? %
14 I ..
22% - %
42%
8% 8 Vi i 8%; 8% ?
19%( 19%: 19%! 19%! ?
22%! 22%! 22%! 22%!?
36 v? I 37"g 36%j 36%:?
70% 69% | 69%!?
40% 40%! 40%! .
78%| 78%! 78%|?
92% I 9^%! 92%!?
17% l7%! 17%! ?
70%
.1 200 C, C, C & St L! 65Vi 65% 64Vi! 64Vil? V
27%! 27%: 27%!
II 2100'Coca-Cola ...?! 46 | 46%' 46
200lCol Fuel & Tr.
200!Col & South..!
100 Col & So 1 pf.'
2500:Col Gas & El.!
U.300 Colum Graph.!
9u0 Col Graph pf..!
2000'Conip Tab R..I
30
47%
60 I
S2%!
3%
13%
67 Vi!
29%!
47 |
60 '
82 I
3%'
13
65%!
46%:
29% -
47 i
60
82
3% 3% 3%' 3%'
13 1 13% 13 13% +
67Vi1 67 V*! 65%! 66% +
3200|Consol Gas ...!107% 107%'107 !107% ?
2300 Consol Textile! 13%I 13% 12%! 13 I ?
800!Cons Distrib..| %! % %! %i
600 C'ont Can 62% 62% 62 Vi 62% +
2300!Corn Prod Ref;i03% 104Vi 103%!103Vi' ?
-OO'Corn P Ref. pf'114%|ll4% 114%|ll4% +
1?00ICosden & Co..! 35%i 35%! 35%: 86% ?
2900|Crueible Steel. 56 % j 57 ! 56 I 56 Vi!?
24 I 24
15%| 16
34% 35%
+ %
2400jCub Am Sug..
2400'Cuba C Sugar.
2700lCuba C S pf..
3100iDavlson Chem! 56^
3001 Del & Hudson. 116% 116% 116
400 Del, L & West,115 115 115
23 I? 1 Vi
15%: 15%
34%! 3:,
% 56
'116
! 115
100 Detroit Ed Co 107% 107% 107% 107%
700 Dom" Mines.. 28% 28M- 27
100 Dt:l, S S & Atl! 3-V 3%' 3%
101 East Kodak .. 730 730 727 !
100, Elk Horn C pf! 34
1600 End Johnson..! 82%
1700 Erie I 11%
1400 Erie 1st pf....! 17%!
100 Erie 2d pf ! 12%'
6300 Kam Plav-Lasl 78%
400!Fam P-I^as pfi 98%
34
82%
11%
18
12%
79%
93%
34 i
81 'm
11%;
17%
12%:
78%
28% +
3% I .
730
34 ! ?
81%' -
11%'
17%'
12%'
% +
95
15
I %
I 56 '
' 57%
! 90
1153
10%
87%!
38%'
84%
28 :
72% ;
35%,
12
8% I
300'Fisher Body..
lOOlFisher B (? pf.j 95 95
5200 Kisk Rubber..! 16%; le^k
1600+'reeport Tex.. I 17%! 17%
300lGas. W fc Wig %'
100 Gen Am T C.. 56 ! 56
18400 Gen Asphalt..! 59%! 60
100 Gen Asphalt pf 90 90
900 Gen Electric..1165 155
9300 Gen Motors 10%| 10%;
100 Gen Motors pf 77 77
300 Gen Mot deb.. 75Vi 76
300 G M d pf 7 pc. S7% 88 ,
500 Goodrich 1 38%' 39% I
100 Goodrich pf... I 84%*' 84%
.'ton Gran by CMA8.I 28 28
4700iGreat Nor pf.1 72%' 73%
500 Greal Nor Ore; 35% 1 3."%
200 Greene Can C. 27 27 '
500 Guan Su?ar... 12 1 12%'
900 Gulf, M & Nor 9 9
OOO Gulf. M & NT pf 25%j 25%I
11(10 Gulf States S. 72% 72%
300 Hablrshaw EC 3 3 2%
700'Homestnke ... 62%' 62% 6- |
700 Hupp Motor .| 15% 15V* 15%
5500 Hj draul Steel.' 6% 8% I 6%'
800'Houston Oil ..| 74%! 74%! 74%
500 Illinois Cent
800 fndialioma ...! 4
lOO Inwph'atloii C. 40
4100! 1 nterljoro C ..! 3%'
2700'Interboro C pfi 8%!
100'Int Agri Corp.! 10%
700'Int \gCorppf! 40 I
200'Int Cement ..' 83 % I
2400 Int Comb Eng' 25%| 26
500 Int Harv Co..' 95
900:Int Mer Mar..! 15%
1500 Int Mer M pf.! 70%
1300!,Int Motor Tr..l 34%: 35%
200 Int Mot T 1 pf 77% 7
100 Int Mot T 2 pf 67%
93% 93%'+ %
102 ! 102 % 102 102 ? 1
16%
: 17%:?
%
56 ?
58% ?
90 !?
!153%' ?
10% ?
77 1 +
'? %
1%
4
1%
%
1
88 '
39 Vi
84%
28 :
72%
35%
"%:
8%'
24 I 24
71% 71%
' 2%
62
15%
8 ,
T4%
+ 1%
+ "i
1M
V.
1
M
1%
1
1M
101 % 1101% 101 %I101%
M*u
40
3%
9
10%
40
33%
15%
70%
3 % I
39%|
?vi
8%'
io%|
3% I
39%
3%
8%
10%
39%! 39%'
33% I 33%i
L'osooilnt Nickel
300 Int Nickel pf.
121*0 Int I'aper ....
10 Int Paper pf..
200 Int P pf stpd. j
63001 Invincible Oil.'
500 Iron Product?.!
7000 Island oil & T.!
100 Jewel T?*a pf..
600 Jones Bi*os T.'
TOO Kan Gulf...!
5u0 Kan City So. .'
100 Kan C 80 pf. .j
2400 Kelly Spr Tire
1700 Kclsey Wheel.|
2800:,Kennecott ...1
2700! Key Tire ft R.'
700 Kres*e rs 8)1136%
600 Lack #lteel . . . j 48%
500 Laclede Gas ..' 61%
15
70%
45%
100
63
17%
27
1%
63
370.
43%
94
29%
1T%
67"*i
1?% I
71%
46
100 |
63 !
18
27% I
l%l
6.1
38 Vi;
25%
94
!?'%
70
34 f{
77%
?.7%
14%
70%
15%
100
6?
25.**' I
I 94 !?
: 15%: ?
I 70 1?
' 35%! +
< # ?% 1 -4~
67% I?
f 16 ! +
I 71%l +
I 45%! +
1100 I
I 63
1 %
1%
%
1
Mi
1%
1%
17%! 17% -
27%!
1%
63
37%
1%!?
63 |
38%! +
25%'?
65% I?
43% |?
25% 25%!
55% I 56%
44% 43%
97%| 93%! 96% f 2%
29%! 29% r 29% -
18 j 17%| 18 | +
137 1136 ! 136 ?
48%' 47%' 47%! ?
61% 60% 61%
1%
7i
Year to date ? ?
, 1922 >1 r-Closinf .--, |Div.f
Higll.t L.ow. ( Bid. | Aak. jln*-i 9>lf?. I
Is I 10 16%I 17 | ..I
34% 26% ! 33 I 33% | . . ;
3.".% 26%: 32%' 32% 2
61 % I 36% S 58% 58% 3% I
108 %! 104% 106 71
107%' 98 105% 106 , 7
165 {153>4 1160 161 12!
116 (107% 112%jU3%| 7
16%! 11 14% 15%: ..
1922. 1921. 1920
50.631,038 38.730.699 85.827.868
|Op*n- i High-1 lx>w- I ('16a-1 Net
i ins. I ext. | est.. | tn>. ICIi'ngc.
1 17 TT7 | 17 i? %
I 33 : 32 I 33 %?
32%| 31%: 32%: +
58% 38%i 58% .
107%'100 106%! .
107 100 1107 |?
161 1161 |161 |?
13% I 9 I 13%
41% i 36 | 37%
133% 1147% 1147
115% 1108 114
23%I 15%, 21
32 ' 30% 1 46
49%! 33 I 39%
43% i 33
11 3
46%; 17
?>-, I rjci
67 I 35
37
30%
15
57%
13%;
38 I ..
149 i 12
111%, 7
22 i ..
50 I ..
39%; 7
37%: 1%,
8%; ..
35%; ..
16 ' . .
58% | 6
lOOjL E Ai West. ..! 17
100'L K ft W pf.. 33
2800!Lee Rub ft T.. 32
lOOiLehigh Valley. 58%
1300'Lima Loco ...1106
200 Lima Loco pf.'lOO
100 Lig & M Tub..! 161
4('0 Lig ft M T pf.l114%,114%ill3%fll3%i +
2200LLoewH, Inc ...i 15%! 15%I 15 ! 15 ! ?
2100'Loft. inc | 13% 13%! 18%! 13%'
100!Loose W Bis..I 37% I 37%! 37% 37%j?
lOOiLorlllard (P).|148 148 1148 ;148 !?
100'Louis & Nash. i 114% 1114% ; 113% 1113% i +
400:MalIinson & Col 21%! 21%; 21%! 21% ?
lOOIManatt Sugar. 47 | 47 ] 47 | 47 |?
39% 39%! 39% ! 39% I ?
37% I 37%! 3fc%! 37
34 I 20%i 26% 27
25% 1 5% | 21%! 22
29 I 22%I 25% 26
34%I 22 ! 33% 34%
19%! 11 ' 18 18%
115 :i01 112 113
21% I 13%! 20% 20% 75c|
128% 106% 119 119% 121
28%! 25%! 27% 27%
14% 11%! 13% 13% 1.20
35 I 27%) 33%; 33% I . .1
10% 5 I 9*1 10 I ..|
13^ 7%! 12%! 12%! ..|
34% 24%! 32%1 32%; ..I
23%! 16 ' 21%! 21%l ..'
55%I 43%! 53 1 53%! ..I
70% 63 65%: 66%! 3!
17%! 12 ! 16 ! 16%: . .1
20%' 19%: 28%! 28%I ..
E0%: 19%! 28%! 28%
300 Man El guar..
1200 Manhat Shirt. |
500!Market St Ry.l
lOOMkt S Ry 1 pf I
400 Mkt S Ry 2 pf!
1200'Mkt SRy pr pf1
1100]Mart-Parry ..I
3300; Martin Rock..!
8%, 8%! 8
32 ! 32 I 32 |
16% I 16%l 15 I
58%| 58%! 57 I
27 ! 27 I 26%!
22%! 24
25%
34
8 !? %
32 I? 3%
15 I? 3%
57 %j? 1%
26%!? 1%
22 14- %
25%;+ %
34%!+ %
900'Marland Oil .J 25%
4001 Math Ai1( "Wks! 34 ; 34%
800 Maxwell M B.! 18 18%! 18 f 18%! +
1*400!Mays Dipt St.112% 1113 1112 1112
17300!McIntyre Por. 21%l 21%I 20%i 20% ?
28900'Mexican Pet.. 120% 1121% 118%il 19% ?
800 .Miami Copper.! 27%' 27%' ?7%l 27%!?
8000'Mid States Oil.I 13%! 13%! 13%l 13%!?
7500iMidvaie S & Ot 33% 34 1 33 I 33% I?
1000I.M ft S.* L new.' 10 10 1 9%l 10 ! +
3800,Mo. Kan ft T..I 12%! 12%! 12%! 12%
400'Mo, K ft T pf. 33 | 33
21%' 21%
53% I 53%
13%l 10%
?14%! 36
32%: 32%I? 1
21%! 21% I ..
52%' 53 !? ?'
63%' 65%I 63%! 63%' ..
16% I 16 ! 16 I? 1
28% I 28% I 28% |?
8% ..
88
2%
43%
91
941,
13%l 13%i
42 I 43 !
85 ' 90
2%i 2%I
30%! 34%! 34%'
81 I 85 | 89 !
85
90 6
4% ..!
14%: ,.|
63% I 6'
63 ! ..!
5%L 3 ! 4 ^
13% I 13% I 14=?i
6;, 1 54% I 63
C7% I 57 ! 62
88%I 72%! 86%! 86%I 5!
33%! 28 I 30 I 30% 12%!
20%' 12%! 19%! 19%
24%! 19%! 23%! 23% 2l
.19%! 12%! 19 ! 19% ..I
102%! 96% !100% [101 7!
60%' 44%! 54%I 55%! 3l
43%! 38 ' 42% I 42%! 3i
8% 8% 6% | 7 1 ..I
82% I 74% 74%I 75 !
11 J 11 ! 12%! i3%!
3 2% 2%! 2%
8% 4% I 7% 8
IV I 12%' 15%! 15%!
141% 1116 Il34% [ 135 !
12%| 9%| 11%; 12%I ..|
51 I 40%' 51 | 52 ! 71
34%' 24%! 31 1 31%! 2'
11%' e%! 8%! 8%' ..'
68%! 62%! 66%) 66%! RJ
50%! 44% I 48%! 48% i 3,:
58% I 48%! 53% i 53%! 6'
32% 44 ! 48%! 49 I 6;
12 ! 7%! 7%l 8% ..!
73 I 69 ! 60 ! 80 1 S!
38%| 33%! 37% j 37%) 2
10%' 6%I 7%: 8 I ..'
84%' 59%! 80 ! 80%| 51
19% 10%! 14%; 16 !
28%! 19 I 26%! 27 I
60% ! 50'4 I f.O i 60% |
39%; 31%| 37%! 37%!
102%! 82 84 i 83 !
36%i 28 ! 35%! 36 1
18%' 13%: 16%; 17 '
38 ! 27% 33 ! 35%
12 ! 7 I 8%; 8%'
71 39 ' 32 1 54 | ..!
93 | 90%: 92%; 93 | 6'
28% 23 ! 27 ! 27%! . !
18%; 14%l 17%! 18%'l MjI
72 I 63 1 69% ! 70%l
30%I 24 ! 27%! 27%! ..I
87% 66 i 85 I 86 1 4
124% 105% 1122%! 123 8
43% i 30%: 40 I 40% ..
38%: 29%! 29%! 30 I 2|
102 ! 99 ! 99 ! 99%1 8
1% 11-161 .. I . . ! .. |
100%; 94 I 96 I 97 1 8
115% ! 108% '113 :120 7:
15%: 13%! 14%! 15 : ..!
76%! 71%! 73%I 73%: 4!
48% t 43%! 43% I 44% 2:
51%! 45%' 46% 46%; 2!
42 ! 24 ' 36%! 37 ' ..
63 | 50 58 ! 35 ,.|
41 I 23% 31 I 31%l ..
8% 4% 7 I 7%l ..!
56% I 46% 31 ! 31%! ..
87% 74 77% I 79 I ..|
45% 43% 43% I 44 I 3
113% 1112%i 112% 1113 I 7!
14 6 ' 11%; 16
54% 47%i 52%I 52% 15.20
14%! 12% 13%' 14 1'
30%' 20% 27%! *7% ..I
51% 36 48%! 50 I ..
29%: 20%; 28 I 28%' ..I
44%: 32% | 42 ! 42%! ..'
6>i! 1%' 4%l 4%' .J
i%: 3%i 3%| .J
1600 Mo Pacific
4300 .Mo Pacific pf
100! Mont power .
2900 Mont W & Co.' 16%
100'MulIins Body..! 28% I WM
50'Mullins Body..! 28%! 28%; 28%
300 Nat Acme ...J 13%.: 13%' 13%
200:xat Clo ft Suit! 42%! 42%! 42%i
100 Nat CI ft S pf.! 88 '88 I 88 ,
500 Nat C ft Cable! 2%
1900!Nat Enam ft S' 34%
100 Nat En ft S pf!
100! Nat Lead !
1300'N R of M 2 pf:
400'Nevada. Con C.'
400 N Oil. T ft M.
100 N Y Air Br. ..' 62
3750IN Y Central..! 87
100'N Y Dock I 301/!
15900 N V, N H ft H1 19%
2100'N Y. Ont ft W '
2900:Norl'o!k So
88%
S9
4%!
14%: 14
63
2% I 2% I
34%' 34
13% I?
42'% ?
88 '
2%;+
34%
88%' 88%i 88%!+ 3%
89 '89 1 89 1? %
4%
4% i 4%:? %.
14%' 14% ? %
63 ' 63 I 63 |? 1
62 62 I 62 !? 2%
87%' 86%! 86%!? 1
30%! 30%: 30%!? %
.. 20%: 19%! 19% I + %
3%l 24%! 23%l 23%I? %
17 I 19%! 17 ! 19%!+ 2%
300 Norf ft West..! 100% ' 100% 1100% ! 100% I? %
1200'Nor Atner Co.
500!Nor Am Co pf! 42%! 42%I
1200'N Am Co rts.
21600'Nor Pacific ...
100 Ohio B ft B Co
1300j0kla P ft Ref..
2900 Ont Silver ...
r00 Orpheum Cir..
6%
74%
13
2%
7%!
6% I
'5%!
13 i
2%:
8%
*> 3 %! t> 3 %
42%! 42%:
6%
74%
'13 !
2%!
7%!
j %;
i%
%
%
2%
1
15%! 15%! 15%!
13
2% ..
8%!+ 13,
15%! +
8' 200 Otis Elevator. Il33%ll34 1133%! 134 1+ 3
? I lOOOjOtis Steel ....I 12 ' 12%I 12 ! 12%!? *
71 350 0tis Steel pf..[ 50 [51 ! 50 51
2' 700 Owens Bottle..! 31% 31%I 31%: 31%'? '
.! 200'Pac Develop..! S%' 8%! S% S% ? 1
5| 300:Pac Gas ft El. I 66%' 66% 66%! 66%!? 1
31 5900! Pacific Oil ' 49 I 49% ' 48% I 48%!? 1
8700 Pan Am P ft T 54%? 55%' 53%
1300:Pan A P&T B 49%' 49%! 48
200'PanhanP & R.i 7% 7%
200 Pan P ft R pf.' 69 ! 69
4300lPenn R R 1 37%! 37%
8%
81%
13%
26%
60%' 60%
37%! 38
84 | 84
36 ! 36
17%! 17%
35%' 35%
s%: 9
69
37%'
s%i 7%;
81% 7!i%!
15%! 14%;
27%| 26%!
50% |
92%!
18%
70%!
18% 1
70%!
27%! 27%
83 ' 83%'
53%;? %
48%,? %
7%:? ??
69 '+ 1
37% I? %
8 ]? 1%
80 ;? 1 %
14%!? u?
26% I? %
! 60%! 60%'+ %
I 37%| 37%' ?
I 8i | 84 i? 2
1 35%! 35% ?
16%| 16%!?
! 35% | 35%!?
I 8%I 8%'+
I 49%! 33 I?
92% 92% I 92% i +
27%| 27%' ?
%
>3
1
17%! 18
69%: 69%:? i%
27%: 27%'? %
85%!?
84%
%
1700 Penn Seab St.
1500'Peoples Gas...
400-Peoria ft East.
1200 Pere Marq ...
200!.Pere Marq pf.
900|Phila Co
100:Phillips Jones.
HOOlPhilllpe Pet...
2900,Pierce Arrow.
900: Pierce Ar pf..
4400: Pierce Oil
900! Pierce Oil pf..
200 Pitt O of Pa pf
300; Pitts ft W Va.
300!Pond Cr Coal.
8001 Pr Steel Car..
300;,Prod ft Ref...
8001 Pub Serv N .1.
5200 Pullman 1121 % i 124%! 121% '123 |+ 1%
2000!Punta A1 Sug. 40Vi! 40%I 39%' 40 |? 1
8200!Pure Oil 30%j 30%; 29%! 30 ?
100!Pure Oil pf...l 99%! 99%' ??%! 99%' +
15500 Pure Oil rts...| 1%| 1%! 1A| 1A| ..
300 Ry Steel Spr.. 97%' 97% | 9C%! 96%'?
lOOLRy fit Spr pf.. 1115 !l 15 115 1115 ! ..
11 CO!Ray Cons Cop.! 14%; 14%| 14%! 14%[?
790'Reading 73%l 73%! 73%! 73% I?
100 Reading 1 pf..' 43%' 43% 43%! 43% +
16%; 46% j 46%! 46%! +
36%: 36%' 36%' 36%!
60 I 60 60
30% 31 ' 30%
7%
51%
78
44%
300!Reading 2 pf..
?OO'Reming Type.
lOO Rern Type 2 pf
1700 Replogle 8t? i.
1100!Flep .Motor Tr.
1000 Rep Iron ft St.
3(0 Rep Ir & St pf
1100 Reynolds T B.'
7%
31 %!
78
44%
f%
60
31
3
51
77%
43%
it?
"%'
44
200 Reynolds T pf112% jl 12% 112% 112% '
%
14
13:
49
4%
73%
23%
2%'
3%
39%
io%l
7 ir,!
4% i 4-1
9 I 9%
70 I 71 !
13%' 13!% I
8%' 8%
25% IS% 24% 24%
44 34% 40 % 41
:s%
8t>
22% 17% 21%' 21%
C-4%' 43-% 52 52%
183 1160 % 170% 172
115% U3%|114% 114 % I
98%; 91% 93 ' 95%
80 '68 1 80 80% I
49 : 35% I 44%' 45%!
103 79% 1103% 103%'
? I 3%' 5%! 5%'
100 Itobert Reis
2300'Royal D N Y..!
100 St .ros Lead...'
1400 St I. ft San Fr'
200 St L ft S K i?f.!
700 St 1^0 it is S W.
300 Si L S W pf. .!
3000 San Cec Sugar!
300'Saxon Motor .!
2600'Seab Air Line.'
2300 Seab Air L pi.'
3200 Sears Uoeb ...
800'Seneca, Copper'
200 Sliiittuck Ariz.I
25700'Slnclalr Cons.1
SOO'Slo^f-S S & I.! 40%
100 So P li Sugar.I 51%
4467 Si' Pacific .... 86
2700 So Hallway ...' 21%
300 So Kuilwav pf 32%
700 Stand (ill N J.! 172
14
52% ;
13%
27%
49 I
28 % !
1<
52 I
13%
14 |+3
48%! 48%!
27%' 28%
41 %
5%:
3%
4%'
9 '
70%
13%
8%
24%
42% | 41%'
5%! 1%!
3 %;
4%'
9%!
71%!
13%
8%
25%
42 ?
4%' ?
3%
1% +
9 : +
70 ?
2%
4 %'
8%
70 '
13%! 13%
s%: s%
24% 24%
40%' 40%I 40%
51% 51% 51%
86% t 85% 16
21% 21%' 21%
52%' 52% I 52%'
172 % 171 171
6%:
2001 St Oil N .1 pf. |114%'U4%'114% 114%
700 St Oil of CaL.I 93% 95%' 95 I 96
300>St ft Tube pf. 79%' 80 ! 79% I 80
800 Stromuern; Car 45%! 45% 44%, 44%
33600 Studeljaker . .. 103%' 104%! 103 !103%
+ 2 V
? 1%
+ %
3-%! 4%! 4%' ..I
11% 9%! 11 I 11% .J
H.% 42 %! 43 I 43% 3
46% 38%' 40%! 40% f2',i
28% 23 I 25%' 25%' 1
34% 24%l 32 '
21 ! 14 ! 20
61
34
9"
32%
20 V.
61%
35 !
1. 7%l 9%: 9%!
11% 32%! 40% 41
42% 32%' 30% 42
71% 59% 50 I 59
20% 17% IS ls%
135% 125 1182% 1133 i
74% 71% 72%: 73%
103 102 1103% ,103%
r.1% 25 I 31 31%'
7" 60%: 65 67
145 119% 137 139
12%' 7%: 11%' 12%
56%
20%' 30% 31
43% I 43% 44
38% 16% 34% 3.1
70 50 ' 66 ! 66%
10%
* 1 3% 6% j .
49%! 37 '46 47 I .
96% I 90 ! 93 94 '
64% 51% 60%' 61
103% 99 103 103 I
38 32%' 36 36% .
45%: 42%! 44% 47 "'3'/
96% 82 ' 93%' 93%
US 114% 116% 117 :
65% 60%' 63 ' 63% I
16% 9%| 24% I 14%! ?
39% 30%' 3* | 38% I .
92 90 90 I 93
27%! 31% 34% .
67 : 78%j 75%! ?
6%; 10%
600 Subniar Boat.' 5 5%
500 Superior Oil...! 5^i 1 5%] 5 5 ' ?
1700'Sweets Co Ami 4%' 4%t 4 4%'
1000 Tenn Cop ft C.i 11 ! 11%' 11 111
13600 Texas Co ....! 43% 43%' 42%: 43%
2800iTexas Gulf Stir 41% 41%' 40%' 40%'?
3900:T?x Par C A O! 26 26 25% 25% ?
1900 Texas & Pac.J 32% 32%' 31% 32 I?
1000 Third Ave ... 20% 20% j 20 ! 20% +
? 90u Tob Products..! 61%' 61% 61 ,61%
200 T.SL&W p c B' 35%' 35% 35%' 35%! ,
.1 2400 Transcon Oil..) 9%! 9%' 9t? 9%
2' 1400 Tr & Wills St., 38% 41% 38% 41
3 310 Twin City R T 40 i 40 39%! 39% ? 2
6 600'Pn Uajf ft P.\ 61%I 61% 59%; 59%
1800 Union Oil ! 18%' 18% 18 18 '
?? 700'1,'nion Pacific. 132% !133 1132% 132%
4, 700 I'nion Pac pf.' 72%; 72%' 72%! 72%
7! lOOlUn Tank C pf. 103%1103% 103% 103%
J 600 ("riited All St..I 31 ' 31 ' 30%' 30% I
900 Un Drug Co...! ,69 '69 I 66 ' 66
8! OOOJ'nited Fruit..'138 :138 138 |l3S
700 I'll Rv ri)vest.1 12%l 12%! 11%; 11%
1300 l*n Hv Inv pf.l 30% 31%' 30% 30% + t
6 8700 Pii Retail St..' 45% 13%! 43%, 43% ? 1'
.! 3600 r s c r p ,<t f 34 35% 34 j 34%I ..
100iI'SPI 1'ftF pf.. 66 66 66 (itj '+ I
3100,1* S Food Prod| 5% 6%; 5% 3% ..
.! 1400 P S Ind Alco. 46% 46% 46 4H% !
7 100 V S Ind AI pf.l 93% 93% 93% 93% + i
4200,U S Rubber. .. 60% 61% 60%. 60% ? '
8' 100 IT S R 1st pf..tl03% 103% ! 103% 103%'? J
%
L 2V,
2V4
V4
"A
? 4
+ 1
'116% ,117
63%! 63%|
36%
78%
11 %I 6%
9% I 6
28% 19%
10% '
9%
14%
38 :
74?*
10%]
18%' i:
14 10% 12% I IS Va
* ' ,? I "l
17% ; 19
14%
38% I
92 ;
34%
74%;
10%'
! 9%l
26%; 28%!
10% 8%
18%: 13
10
16%
10%
f%l
20%' 13% 18% 19
58 ' 31 %! 52 | 54 ! 6
98% 89 ?8 I 98%
58% 19% 37%) 57% i 4
6
9%;
19% 12%! 18%' 18% I
41% I 35 j 39 j .19%'
ii I 7%: 9%' #%:
%! 1-16' .. I . . |
9%| 4 % | 8 | 8% |
100 IT S S, It ft M
300 UPS.RAM pf
17000 IT S Steel...
400 IT S Steel pf.
900'IJtuh Copper
200 Utah Secu ? ?
4400'Vunadlum ...
100 V Kanlte 1 pf.' 92
100 Va-Car Cliem. I 34T/i
5001 Va -Ca r Ch of.
1300 VIviiudou ....
4800 Wabash
17300 Wabash \,( A.
300 Wabash pf B.' 17%! 17%
100 Weber ft Hell.! 13 ( 13
200iWestern Mr!.. 10%
100 West Aid 2d pf
I4O0 Western Pac..
400 West Pac j;f..
10C0 West ITn Tel..
7001 West El ft M..
SOO'WI eel ft L E.
500'Wh iV I, E pf.
200',White Motor .
700 White Oil
4450 White Oil rts.
7800;Willys Over ..
36 i 36 36 36
45%' 45%; 45 ! 45 I
94%' 94%, 93%! 93%
116% 117
62% I 63 (?
14%; 14%|?
88 ?
92 |
34% +'
3% ?
17%
18%
53%
97%
10%. I
17%
19%
53%
98%
38
92 |
34% |
73 '
1C%|
8 I
26% I
17%:
1."
10%
10%
9
17%
13
10%
+ li
+ IV
M
17% I 17
18 % I
53%
97%
I9: _
53
98
9 | 9% 9 9 1?
18%; 19 18% 18% ?
39%: 39%! 39% I 39% ?
9%! 9%' 9%I 9 % I ?
3-32! 3-32! 3-32| 3-32|
8%' 8% | 8 | 8 |_
Cnntlnnerf on Folloninff P?RC.
TOPICS OF WALL STREET.
Steel Buiiurm Goen Ahead.
There is no doubt that the recent
srsr-2 ??& h
SSfoi.,. ? very ????"?' '""'C
rproSi;u^r??rr^b~.;
SHtr. "oily* oS^n'Tr
Sl'iwSSuo".'?" '?'
:s.?- ???>??? ,t. "wcS" lvs?
lew there has been a ^nsWerable im
provement even over those^urcs.^A _
e0r?pacHyli0s cons^rahjy moreen
full operation on the nasis ? ol
work. The increase in the capai .. ^
the corporation's -plants as a res ^ I
war manufacturing was such that oper (
S^"SS^?5!
of improvement in ?"8?*8"lndependent
new business taken by the lnaepenuc
steel compaies, although most of them
are not participating in the ii P
ment to so largo a degree as is the
steel corporation.
Hull Earnings Drop.
final figures compiled by the Inter
; state commerce
i is. ~g*
?f S'^14 ">40 789. a shrinkage of $7o.44S,
: l' S.? ??h y~. ?' ??"Z:
,VM while net operating income aggre
80S 176 422. an increase of $2<.
$30 792 Although it is too early to
I v f" uvhruary's earnings with a.n>
I estimate Februan 8 ^ be sa|d that
: d,cfrce ? J net wfll not exceed that of
Februan better than that ot
January, but will ^ reeelpt8, as
j February, 19 ' 1orts of the Southern
| indicated in the P Southern, will
Pacific and Ka"sa Shrinkage from their
w ^ In transportation charges, will
rp.,tw'y otfset by lncr.,eM expend
J tures from maintenance of way.
nail Shares Heavy.
, t.??,,in?M in the market for
Ceneral heavines^ foUowerl thc re
i transportation ern pacific's quar
duction of the - ? hich wa3 not an
! ter,y ^ nntu t'ftcr the close on Wednes
icrft?t??;u??:
lounn shares appearing at T? '
against a p^vious closing priee^*r
In ?a?e9 of upward 0^20.80 ^ w
I rose to an Great North
J it closed off -Va P th^r decline of IVj
I ern also recorde recessions were
points to <- ,#? Ohio. Delaware
noted in Chesapeake Mobile and
and Hudson * t the downward
Northern. B^epUons A and
| trend were 'which recorded sub
Ann Arbor Issue . latter.8 preferred
| stantial Bainf,--0Tind its common stock
r,"'rd'
Oil Sliarex Weak.
, ...-auness of Mexican oil'stocks.
Ihe weaun , petroleum, was
I particularly Me*?'nU(lalion of undc
, attributed to cons > big companies
| veloped acreag| wil(lcaUinK purposes
in Mexico ror argument
whifh the'Mexicans, pointing out that
against the Mexican tQ indlcat3
a move of the kind . ,?BCnl produc
immlnent exhaustion sUv of finding
ing pools and urgen_^t arK'ument was
new production^ consolidation
met by assertion that t"e ^ ^ fhe
merely indicated present tin
companies t0 'le\* ? ,utl0 cost as pos
! worked acreage at as ,^l*cxUllu,tlon of
I sible and that. ? concerned it
producing P1-0?^' . . hlg Gn operators
had been admitted bj Wg o lWOrW
l lnher Body Corporation
vr . ??iv is the Fisher Body Corpoi *
, j?jl? ail business that it can
! "Like
ment goes on. 1 isner in the
1 commitments for . ) ave |01)(? sinct
' fall of 1920. all of which have^u g
ibeen liquidated and for ???e only for
the company has been Detroit
current needs. ? tllne while other-,
j plants are workup overtime ^verMe i*
! j?re not yet at cor * ? inaojty. Karu
at the annual rate oMll-30.
Another l)n> of Irregularity.
Although the preponderance of yester
j day's net changes was on the losinsr
side, the course of the market all
through the session was one of mixed
movements. At the close there was
1 mttch aimless moving about, some
. aha res displaying unmistakable tend
; eiu y toward lower prices and others
Just as surely pointing toward higher
levels. In the latter class were low
priced rails, which continued in per
sistent demand among traders, profes
sional and public, and, of all tips cir
' rulated during the day. they were about
I the only ones that did much toward
making good, industrial stocks have
advanced so much In the last few
i weekfl that traders have some huge
profits which they hesitate to Jeopardize
I and when the market becomes as
I nervous and uncertain as it has been
this week they take their profits and
step out to watch development* from
I the outside until they can sc? how
j things are shaping. Profit taJrtng of
that character undoubtedly has b*n a
biff factor in recent market heaviness.
Ararrlnn "tfrl rnnmlrim,
A strong spot among the industrials
yesterday was American Steel Foun
dries. which advanced two full points
tov3?J on transactions in excess of 11,000
shares. Other equipment stocks have
moved up sharply In the last fortnight,
but Htocl Foundries has been one of
the laagards of the group and was
| taken In hand yesterday on the theory
| that It was behind the market In other
: railroad equipment stocks.
Call Money Stiffen*.
Call money loaned yesterday as high
a? 5' per oent. in the N'ew York Stock
Exchange and outside after renewing at
4% per cent. Only a small amount of
time money was put out and Its rates
were only nominal, being to 43i per
cent, for sixty days to two months'
paper and 4s>i to 5 per cent, for five
and six months' paper. The low rate
for paper for thirty days, touched re
cently. was 4 per cent.; for sixty df.ys,
4'i per cent., and for ninety days, 4%
per cent.
ft. I'muI ilnyn tnrn.
The St. Paul Railway has placed or
ders for 4.000 freight cars, allocated as
follows: The Pullman Company, 1,000
cars; the Western Steel Car Foundry
Company, 1,000 cars; the Bettendorf
Axle Company, 1,300 cars, and the den
em! American Tank Car Company, .V)(l
cars.
\. P, Not n Hill III.H.I.
decent developments of Importance re
opening the .Northern Pacific, the Great
Northern and the rturlington Railroads
produced the usual crop of inadvertence..
In speaking and writing of those cur
riers as "Hill loads." Their grouping
under that term is long established but
Incorrect. The Northern Pacific Is noi
a Hill road despite the fact that th?
family of the late James J. Hill have n
small Interest In It. The Northern
Pacific shares an equal partnership wltii
the Oreat Northern in ownership of tb?
fluvlhigton.
New York
Connecting
Railroad
l?t Mortgage 4'Bonds
Due 1953
Principal and interest guar
anteed by the Penna. R. R.
and the N. Y., N. H. & K.
R. R. and secured by a
first mortgage on the road
connecting these systems.
Price to yield
about 5.20%
Full particulars on request
Graham, Parsons & Co
nut St. 3C
phia N
John 1205
435 Chestnut St. 30 Pin* St.
Philadelphia New York
M?Clave & Co.
Member* of
The New York
Stock Exchange
accept orders lor the
purchase or sale of
listed securities oa con
servative margins or for
cash and invite corre
spondence.
MAW OFFICE
67 Exchange Placa
New York
7Mttfr M'n
BRANCH OFFICE
(Direct wire t? the flcwr ?t
t%?. Krcbtnf*)
Hotel Aneonia
73rd St. A Broadway
Ttltftfnt Cttwmkvj fb'j
Illinois Central
Chicago, St. Louis & New Orleans
Joint Refunding 5% Bonds
Ul'K DECEMBER I. 1??:<
Secured on 1,462 miles of
road, including the main
line of the Illinois Central
System between Louis
ville. Memphis and New
Orleans, and providing a
Southern outlet to gulf
ports.
To yield 5.30%
Millett, Roe & Hagen
Members New York Stock Kxrhnng*'
52 WILLIAM STREET
NEW YORK
An Analysis of
Twenty Prominent
RAILROADS
with compact statistical
chart, fret upon rtqtutt
for circular H-2.
We invite correapoa
dcoce regarding your
investment problems.
?Trading accommtt mcetptfi
oh coiuervtrtntt margin.J.
f+imben.
<42 Broadway
Wew\brk,N.Y.
LstsbluKed 1888
Harris & Fuller
MEMBERS
New York Stock Exchanss
New York Coffee ?nd Sussr Exchsns*
I30 Broadway
NEW YORK
Union Trust Building
BALTIMORE, BIO.
Conie restive Accounts Accepted
ONLY on proper introduction i
Safe Bonds for investment
HALSEY, STUART
&. CO. inc.
Congoleum Co.
Safety Car Heating
Babcotk & Wilcox
FREDERIC H.HATCH& CO.
74 am* wiMeegRg**,
SOSTON-CHICAGO -PHIL A - MONTSC AL ? PITTSBUHAW
New Orl. Gt. North.
1st 5s 1955
Wolff &Stanley
Tel. Rector 2?*?'> 72 Trinity PI.

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