The New York herald. [volume] (New York, N.Y.) 1920-1924, April 12, 1922, Image 21

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The New York herald. [volume], April 12, 1922, Page 21, Image 21
About The New York herald. [volume] (New York, N.Y.) 1920-1924

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The New York herald. [volume] (New York, N.Y.), 12 April 1922. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045774/1922-04-12/ed-1/seq-21/>

Newspaper Page Text

New York Central
Railroad Company
Refunding and Improvement Mortgage
5% Gold Bonds, Series C
Dated Ottober I, 1911 Due Ottober 1,2013
Interest payable April 1 and October I.
Callable at 105 and interest on or after Ottober 1, 1951.
Denominations $100, $S??> $1000.
These Bonds, in the opinion of counsel, are legal invest'
ment for savings banks and trust funds in New York,
Massachusetts, Connecticut and Vermont.
They are secured by a direct mortgage on all the railroad
owned by the New York Central Railroad Company, the
main line of which, extending from New York City to
Chicago, is one of the trunk lines of heaviest traffic in the
United States. Every year since 1869, dividends have been
paid on the stock of the company.
We recommend these Bonds for Investment
Price at Market, to Yield About 5.30%
Ames, Emerich & Co.
Ill Broadway, New York
Telephone Rector 2402
* CHICAGO
RUSSIAN SECURITIES
Our descriptive cir
cular covering bond*
traded in this market
on request.
C. B. RICHARD & CO.
29 Broadway, New York
Established 1847
TO EQUITABLE
TRUST COMPANY
OF NEW YORK
METALS.
April. U. April 10
Bid. Aaked. Bid. Aaked.
spot. N.T. 4.P.', r>.10 4.95
I .pad. May 4.95 5.10 4.05
Prime W., Bpot 4.90 .... 4.87%
Prim* W., May.. 4.871* 4.97tf .... 4.9U14
Aluminum 18.00 18.50 18.00 18.SO
Antimony 4.75 r..00 4.?2Vi 4.87V4
KIM. cop., Ppof..12.50 13.00 .... 13.00
Pileo. cop., Way.. 12.50 13.00 .... 13.00
Pig Iron, No. 1
X foundry 23.00 23.50 23.00 23.50
PI* Iron, No. 2
X silicon 22.50 23.00 22.50 23.00
l'lg Iron, No. 3
plain, alllcon. .22.00 22.50 22.00 22.50
Re#a. Iron, Pitta 10.50 .... 10.50
Fleas. blta.. Pitta 29.50 .... 29.50
Qulfkallvcr *40 00 .... *49.00
Platinum, soft 190.00 .... 190.00
Platinum, 5ft Ir *05.00 ...r 105.00
Platinum #100.00 .... flOO.OO
LONDON, April 11.?Following ar? the cloa
fng metal quotation#:
I a. A. Chans#*.
Copper, apot 59 0 0 off J5?.
roppar. futurea.... 69 12 0 off ITa. fld.
TSIeo. cop., apot... 04 10 0
Klec. cop., futurea <10 10 0
Sales?Spot. 100 ton*: futurea, 700 ton#.
Tin, spot Jf?0 5 0 off f2
Tin, futurea W1 15 0 off ?2
Strait# 102 15 0 off ?2
Tx-ic#?Bpot. 80 lona; future#, 4i0 tons.
T.oad, apot 22 15 0 up 7a. Id.
T.tnrt future# 22 5 0 lip ia. Od.
Spelter, spot 20 10 0 up 2s. fid.
Spelter, futures.... 28 10 0 Vip ?s. 6d.
TO BOOM COP^T.Il HOOFING.
John D. Ryan, chairman of the board
of the Anaconda Copper Mining Com
pany, has written to the 10.000 stock
holders of the company suggesting co
operation In efforts to Increase the
sales of the company's new copper roof
In k products. He sets forth Hist a con
centrated effort by the thousand* of
stockholders to convince the iMibl'o khi
orally of the value of tills roofing will be
t fleeted In sales, earnings and divi
dends,
TO ADD fB0.4OOO.OOO CAPITAL. ,
Dov?K. Del., April 11.?A ehsrter filed
to-oay with the Stale l^spartment In
rj-sasas the capital stock of the National
Pottlind Pewit <" '? "onnl *Mens
.l.l""."""
'
ROCK ISLAND FREIGHT
EARNINGS RISE IN 1921
One of Few Lines in Section
to Gain, Says Report.
The Chicago, Rock Island and Pacific
Railway's management notes in Its
Htatement for 1921 that the road wan
one of the few In Its territory which
showed an Increase In freight earnings.
The balance of Income available for
dividends wu $5,780,259, which, alter
providing for preferred stock require
ment*, was equal to 2.96 per cent, on
the Junior ?hare Issue. The balance for
oommon stock In 1920 was 1.46 per cent.
The company paid off $7,491,096 of ma
turing bonds and notes and made pro
visions to meet more than $6,000,000
loans due In the early part of 1922.
The report showed these major Items
of income and outlay In 1920 and 1921:
1021. Itt'J'l.
Operating revenue. .$139,271.',024 $142,0211.161
Operating expenses.. 112,053,0f<7 131.188,704
Outsldo Income 2,417,822 1,78l,2(il>
Interest, rents, Ac... 17,271,572 14,7<iO,7IO
Balance {1.71)0,250 4,8t>M,l>V>
Surplus 2,2I2,'>CI ],905,670
i The report, Issued yesterday, 'stated
that 37,000 employees were on the pa.v
! roll, in contrast to 40,000 at the start of
i Federal control, but the wage bill had
I risen from $40,000,000 a year In 1917
to nearly $70,000,000. Relief from bur
) densome wage accounts, the report said, j
must come "before we can assert with
j confidence that railway operations are
! on a sound bas-ls."
:
FINANCIAL NOTES.
T Dillon, Head b Co. announce that Interim
' receipts for the Soo Railway's first refund,
lng mortgage 6 |>?"r rent. Sinking fund gold
; bonds, aeries A, may be exchanged for defini
tive bonds oil surrender of the receipts to
the Central Union Trust Company of New
! York.
The Columbia Trust Company will act as
trustee ar.der a first mortgage executed by
the Crawford County Railways and securing
an Issue of $370,000 of the tatter's forty year
R per cent, ?lnklng fund gold bonds.
John S. Rellly, formerly of Sulsbacher,
Granger * Co., la with A. F. lngold A Co.,
specializing In railroad securities.
The New York Cotton Exchange will be
closed on April 22 Instead of on April 29. as
, originally derided, the earlier date being 1
due to an effort to begin demolishing Its
building as soon as possible. The Exchange
will be In 00 Wall street while Its new edifice
Is being erected.
Ollbert P. Cooper la manager of the local
office of 8easongood # Mayer, Investments,
140 Broadway.
T.uther R. Pollard, formerly with Horn
blow er I Weeks, is with the bond depart
ment of the Iocs! office of Cassatt A Co.
Mlllett, Roe ? Hngen, members of the New
Tork Stock Exchange, have prepared sr
analysis of the American Can Company'
position with partlcvlar reference to Its 7
per cent, cumulative preferred stock.
Sherwood * Merrlflpld are offering $200.
000 of till' city of Yonkers coupon 4.73 per
cent, bonds, maturing In 1924 to 1927 Inclu
sive, st s price lo yield 4.30 per ctnt. Thry
are tax free and legal investments for sav
ings banks.
SHORT TERM NOTES.
Rate. Dua. Bid. Aakal.
AlumCo.ofAm.. .7 Nor. 1025 1034 1034
AlumCo.of Am... 7 Oct. 1033 103 4 103 4
AmCottooOII... .8 Sept. 2.'34 Ofl 08 4
AraTelATel 8 Oct- 1032 100 7-lft ton 0-1?
AmTelATel 8 Feb. 1021 10015-18 1011,
ArnThread 0 Dec. 1028 MM 4 IOI
ArnTobacco 7 Nov. 1023 100'? 1011*
AmTobscoo..... 7 Nov. l<m 1024 1024
Anacondsf'op...6 Jan. 1030 00'< im?'?
Anacondst'op... 7 Jan. 1MN 103.4
An* VmOil.Mcl.. .74 April 1026 1034 1034
Armour.Conv... .7 July U.'30 1034 KM
RiORRColl ? April 1021 00.4 100
BellTelofCan.... 7 April 1046 103 4 103 4
nnthlehemStl 7 July 10.'33 1034 102 4
''anNorthcrnRy.5 4 Dec. 1033 100 VJ 1004
< anNorthernRy 54 Deo. 1034 0#4 1004
CanPaclflcRjr.... 8 Mar. 3.?34 101V4 1014
Cent Argentine... 8 Feb. 1037 044 054
ConsOasofNY... 7 Dec. 1.'33 101 8-18 101 5-18
CopExpAssn.Ine 8 Feb.1/5,'23 103 1034
CopExpAssn.Tnc.S Feb. 16.'24 1024 1034
CopKxpAssn.tnc.il Feb. 16/26 103 4 104 4
CudahyPacklng.. 7 July 15,'33 1004 101 4
KederaiHugRef... 8 Nov. 1024 004 1004
ThenFOood.cnv.7 April 1025 004 oofc
OulfOllCorp 8 July 102.1 IOO 4 1 004
GulfOIK.'orp 7 Feb. 1033 103 4 1034
njlleinz 7 Dec. 1030 1044 106
IIocJcingYallejr...8 Mar. 1024 004 1004
Humh!eOA.R 7 Mar. I6,'23 IOO 13-18 101
IRTconv ? Sept 1033 814 Si 4
KanCltyTerRy 8 Nov. 15.23 101 1014
KennecottCorp. .7 Feb. 10.10 1034 1034
UckdeUMAref.7 Jan. 1039 08 4 ??H
rhllmli'lphla 8 Feb. 1044 0A4 084
Procter Umble.7 Msr. 1033 101H 103
RJReynnldsTob. 8 Aug. 1033 1004 1004
I SearsRorbuck . . .7 Oct. 16.'33 1004 1004
I Sean Roebuck ... 7 Oct. 16,'?3 1004 ioi
1 Soivar ? o?. 1037 1044 10s 4
1 SonthwatHellTel J April 1035 103'? 103 S
SPCnDepotguar Dee. lB.'SS lf>04 1004
StalldOilN> Jan. 1025-31 104 100
; KtamlOllNY.... j May 1033 106 4 108
Swift Oct. 15,'25 1014 1014
Swift Aug. 15.'3I IO24 10a
TheTexasCo Mar. 1.38 101H 1014
X tsh?? f 'orp Sept. 15,'23 100 1004
YscuumOil ipiil 1088 1084 107
Wmt.FleeCn.mn.7 ipril 1025 1084 108 4
v |el i ' 8' fa* 1094 _ t'84 t?7'4 I
BONDS IN STOCK EXCHANGE
Contlnned from Preceding Page.
Ill Cent 4s 1952
1 83%
IU Cent to 1953
1 8018
Illinois Central
CStL ft N O
to A 19?3
e 85
'ndisna Steel
1st to 19U
:? ?0034
1 100
1 nterb Rap T
1st ft rf to W
is ae%
10 66
13 66%
10 66
3 66%
10.
6.
1.
2ft.
25
83.
2.
8.
18
0.
4.
8.
10.
1.
8.
41.
1.
.60
60%
66%
.60
.60%
. 6<i
0&7H
.6894
.66
.66I4
? 681a
.Go3?
.66
. 057g
.66
.6.V4
1 66
i. ?-VU
1 66
1 05%
Interboro Met
4^s 1930
2 181a
11 18
4 171a
4 18
2 17ia
11 1778
certificates
10. 163s
40 16%
6 1618
4 16
6 157g
8 10
5 151a
1 16
10 lsia
1 1(1
1 loi a
Interna M M
1st Clt 6s 1941
38 00
3 9614
1 P5%
5 00%
Interna Paper
Is A 1947
1 sua
Interna Paper
to Ser B 1947
28 84%
2 84 .'is
Invincible Ol
to 1931
2 9?
1 9611
Iowa Central
1st to 1938
1 801s
Iowa Central
4s 1051
Man hat is 1990
13 ...66
Man 8W Col
to 1934
6 9358
Market Bt By
to 1924
4 9434
Market St Br
con to 1914
10 0038
1 9064
Mex ret of Dal
rn fa 193(1
43 104
Mich State Tel
1st to 1934
1 971a
illdv Stl ft Or
col to 1936
4 86314
20 87
1 8614
Mllw Gas Lght
4s 1937
2 OII4
Mlnu ft Bt L
1st con to 1934
1 70%
Minn ft HI L
ref to 1963
6 48
3 4778
10 481a
2 40
Minn ft Bt L
4* 1944
9 46%
NY Chi ft St L
1st 4s 1937
2 851a
NY Edison
?Hs 1941
0 U0
3 1101a
1 11034
6 uoia
4 110
ft Ubls
2 110
1 110%
2 1?0%
2 uoia j
3 110
NYOKLtl ftP
is 1948
1 831a I
NYOELH ft p
4s 1949
11 82% '
2 821a
1 81
N Y ft Jersey I
1st to 1933
A W4%
N Y N H ft H
deb <? 1948
Packard Motr
to 1931
7 IOBI3
Paris-Lyons
Med 6s 58
wben Issued
22 83U
57 833s
5 83l?
35 83%
1 831a
21 8338
at L ft 9 F By
to ser C 19'Jj
t 98
Bt L A 8 F UK
?dl to 1955
20 80
1 7934
8 791a
2 70%
1..S4 ..70U
12 79%
1 7978
44 g31a St L Southwest
11.
.7218
.72
. 72%
.721fi
.72
? 72i8
.72
.7134
? 72ia
10 4?34[N Y N H ft U
11 47
M St P&8SM
?K* 1931
8 iona
Mo Kan ft Tex
to ser A 1942
wben issued
S3 8K%
1 0 8334
4 83ly
5 83
1 1 831.1
3 83
20 827g
MoKan ft Tex
4r Ser B 1967
wben Issued
5 69
Mo Kan ft Tex
es ser C 1932
when issued
50 9534
70 . .9578
4 2 0.5%
17 9578
25 06
Mo Kan ft Tex
adj to 1967
when issued
1 0 5378
4 3 51
18 5378
40 54
1 1 6378
58 54
17 -.334
10 5338
Mo Kan ft Tax
(leb 4s 1957
10 401a
1... .47
N Y N H ft H
3Hs 1954
1 44%
N Y N H ft II
cv deb 3Ms ds
6 4434
N Y O ft West
ref 4s 1993
5 7214
N YOh- ft W
gen 4s 1955
1 66?8
N Y ft Putnam
4s 1993
2 83%
N Y Railways
ad J inc tolMS
10 93i
10
10
15
10
20
10
10
oia
9%
9%
01 4 ,
0V8
0% |
0~8
10
ccrtlflcato
2 834
N Y Railway*
1st 4a 1942
3 87
certificates
2 351a
10 35
10 351s
1st 4s IfflO |s Y State Rys
113 ... ,.77%| teH 196J
833s
10 831a
Pennsylvania
7s 1930
2 10:44
2 10714
2 . J7 . .107
1 107
1 107U
3 1071a
2 10714
Pennsylvania
6Ks 1931
5 107
10 107U
47 107
3 1078s
1 10718
Pennsylvania
gen B 5s 1958
10 971.t
1 973s
10 971g
1 98%
10 97
4 . .csh. .0034
9 08
Pennsylvania
gu 4Hs A 1965
5 8884
1 8838
Pennsylvania
eon 4Hs 1953
4 9318
Pennsylvania
31as B 1941
3 7?8b
Pa Real Estate
4s 1923
1 083g
Peoples Oas
6k 1943
1 10314
I'eo Oas O CM
ref to 47
5 88
I'eorla ft East
1st 4s 1940
1 0 76U
Peoria ft East
luc 4s 1990
1 32
10 3Ua
6 32
Pere Marquet -
A to 1960 8
1 9484 1? 45
3 95I4' Seaboard A L
Philippine' By *?" 1980
1st 4s 1937 ! fctamped
20 50 I 2.... ft87fl
6 56I4 Shar Stl Hoop
P C O ft St ""
to 1952
11 80
St L Southwest
con to 193:
5 75
1 7SU
1 7ft%
StPft KO ShLu
4H? 1941
1 1 79ia
SanA ft Ar P
1 1943
3 751a
Sav Fla ft Was
6s 34
1 9978
Seaboard A
to 1943
9 68
1 6 5818
2 JS8%
8 581a
7 58*8
6 r8%
4 50
5 5873
2 50
5 6912
2 5934
43 5978
1 5934
8 597S
5 5934
1 0 6078
4 5934
2 6912
Seaboard A L
ad] 5s 1949
6 253s
1 7 251a
1 2 2?
1 27
7 2612
Seaboard A L
ref 4s 1959
10 44U
10 44%
10 44%
445&
44
443i
447s
s r 8s 1941
.47
4 4634
KC Ft Set ft M
4.S 1938
7 7814
Kjf C Southern
ref to l?&i
2 87U
6 87la
1 8734
10 ?8
1 875s
Kan C Southn
3s 1950
5 60
1 061s
1 0 661a
Kan O Term
4s I960
5 81
Kelly Spr Tire
a f to 1931
1 1 10634
1 1 107
3 100%
Keokuk ft IIM
lh 1923
1 871a
2 897S
Kings C EI.ft I'
prate 1997
2 108
Lackawanna St
1st to 1923
1 2 9938
Laclde Oas Lt
ref 5s 19.14
4 90
L ICrio ft Wes;
?d to 1941
25 8H4
L 8 ft M So
deb 4s 1928
8 92%
3 93
4 025b
L S ft M So
deb 4s 1931
6 9134
2 92
4 01%
9 013r
1 7 0U2
1 917g
2 92
Lake 8h ft MS
SH* 1997
10 791a
Laded Oas Lt
? ef to 1934
2 90
Lehigh Valley
clt to 1928
12 I02%j
Lch Val N V
4J-.S 1940
1 897h
Lehigh Val CI
1st to 33
1 90Sfi
Liggett ft My
7s 1944
3 1143|
Long Island
deb to 1937
5 79
Long Island
ref 4s 1949
10 7778
2 78
Lou ft Jeff Bge
to 1945
1 82
l/oulav ft Naab
7h 1930
4 107U
Louis ft Nash
5V? 2003
9. 1021a
31 102(4
8 1<W%
Louis ft Nash
to 1940
1... .
Louis ft
All K ft
4s 1955
8 $534
Manatl Sugar
7Ms 1942
when issued
4 lOOIg
Mo Kan ft Tex
notes extd
3.5 721a
Mlt-sourl Pacific
gen 4s 1975
- 37
to A 1970
1 947g
4 95
Pitt CO ft St L
con 4}j9 A1940
10 09I4 I 2 931 r
5 6OI3 IMttsCC ft St L|
13 09 | 4Ms Ser C 1942
1 601 ; 3 91%
04% N Y Susq ft W Prt Rlc-A Tob
64381 1st ref to 1937 8s 1931
641a r. 62 1 1001a
643s N y Susr, & w 1'ort RwyLt A
64! 11 gen 5s 1940 Pw- 7Ms 1946
643s Ifr, 50 | 3 1041a
64l< N Y Telephone i 1 104
6438 ft ser A 1941 1 104I2
641a 17 103 Portland LftPr
6414 1) io3(8
2 64:% ] j03l4
14 64U 2 103
5 6-418 j 103*4
14 64U j 1027s
2 64*8 1 10:il 8
2 6414 1 1027y
7 6418 1 103
Mobile ft Ohio N Y Telephone
gen 4s 1938 to 1??
2 7234 3 1031a
M on tana Pwr I 1 ??? ? ? 103%
17.
19.
44.
10
.0.
1.
1.
1st A to 194
i......94%
14.
.95
. .01
Nash
Ciu
Morris ft Co
1st 4K.s 1939
; 8434
Nassau Elec
cn 4s 1951
5 51
25 491a
Nat Rys of Mx
p 1 4Hs 1957
1 36U
July cpn on
1 35
1 3412
1 35
9 38 1
National Tube'
5s 1952
3 09la!
1 100 |
N O A North
east 4 Ha 1952
8 8213
5 83
N O Tex ft Mx
to 1925
5 683a
1 68(4
10 68I4
1 9 68
3 6818
57 68
2 6818
1 7 68
Newport, ft Cin
Bdjre 4l*s 1945
10 M)
NY Air Brskc
1st 6s Mils
a w?i t
NY Central
7< 1930
2 0 1061a
2 107
4 10638
N Y Cen'rul
cv deb to 19J3
1 10234
2 1025s
0 103
3 1(13%
1 8 10234
6 10213
N Y Central
fd to 2011
when Issued
302 941a
10 94 Jg
N Y Central
2011
.... 836,s
N Y Central
deb to 1934
N Y W ft Bos ,
4' 'is 1946
4 49la
3 4934
2 50
Nor ft Southn
to 41
1 8878
Nor Southern
ref to 1961
7 69
2 68
Nor ft Westn
cv 6s 1929
2 IOR34
2..S0..1O8
IO8I2
to 1942
1 84
i'rodft Refiners
to 1931
withwarrants
1 102
2 10134
Pub Ser O N J
to 1959
2 8212
16 83
Reading ft ft A
BCft 14s 9719
5 84
j 8438
Rio Grande W
to 1939 ,
3 78%
1 7834
.9914
2 99
2 991a
Sine Con Oil
7Hs 1923
26 10334
1 10312
11 1035g
11 103^4
SlnclstrCon u.l
7s 1937
receipts
l: 08%
3
1 08'a
3 08341
10 98%
3 ?83| (
6 OSlai
3 98.34
1 98%
1 9834
South Pacific
cv 4s 1929
10 901a!
13 90341
6 901 a
South Pacific
ref 4s 1955
4 8034 I
' 2 8714
So Ry Mob AO
coll 4s 38
? ? 74U
Term As?n t>tL
4* 1953
1???*..80
Third Av Ry
adj inc to 1160
32 53
B 52I3
6 53I4
10 53%
10 53
9 63U
Third Av Ry
1st 4s 1960
1 64%
7 64I3
Tide Water u
6Hs 1931
ccrtiflcatc*
5 10l3j
5 1017a
2 102
Tobacco Prod
7s 1931
6 9934
5 901a
Tol St L ft W
4s 1959
2 6813
Irl-Cty R A L
1st to 23
20 10038
V nion Pac 0? 28
3 1031 j
1 i??4
20 10313
Union Pac 4s V
8 91U
1 7 91la
Cnion Pacific
cv 4s 1927
6 94
8 94U
Union Pacific
I d 4s 2008
2 8618
1 86
Union Tk Car
eo tr 7s A 1930
1?.. .103I4
6 1031a
0 10334
United Drug
to 1941
2...\ IO6I3
United Hys In
to 1926 "
2 85
j U S Real ft Iin
to 1921
1 94
U g Rubber
"Ms 1930
4 106
1 1161s
V S Rubber
5s 1947
6 883h
4 S8I3
1 88%
1 881a
1 88%
1 881 a
US Sm R A M
conv *s 1926
4 98
US Steel 5s 1*1
fl IO2I4
3 1021s
4 10211
9 10178
1 8 101 (4
Utah Pow & Lt
to 1944
2 92I4
1 921a
Vii-K CC 7k* 32
10 1*578
12 9018
7 90U
10 O018
.06(4
.961a
.93%
oflia
97
9634
.9714
South Pacific
4s 1949
1 80^4
1 81
3 8034
Rio Urande W
col 4s 4'i
7 001a
8 671s
1 677y
South Pad no
tS F T 4s 50
3 8U3
4 8134
3 8178
?s icoPRSugarNJ
R I Ark ft La lst 7s 1941
4Hs 1934
5 SORg
1 80'a
97%
97tp
97
5 9634
7 97
2 9634
5 9 713
1 t(078
4 97
1 973g
1 9714
5 97
1 97%
Virg C Cto 192J
3 981a
Virginian to 62
3 9313
0 9334
6 937g
West Mary 4-. 53
r.rti3
r ?
.00
Nqr ft VVcstti Rome w'ft O^ SouthSKn Uwy,
4s 1995 - ' ?(-'?? (?M 1
,86
7 8684
1 8079
Northern Pa<
Is ser B 2047
1 1051a
1 105
North PacUlj
to 1997
3 85
No P Ot N Jet I
cv 6 Ms 1936
15 10434
15 10478
10 10434
3 4 1047S
7 10434
12 104%
8 104% J
36 104% ,
Norwest Hell 1 -
lit 7s 1941
1 10714
2 107
2 107IS
21 107
1 107l4
Oregon ft Cal
to 1927
1 9814
1 9734
Oregon RbortL
coos 6s 1946
guaranteed
28 IOO
Oregon ShortL
ref 4s 1933
4 901s
1 90%
? 90%
3 00-%
3 5 01
Ore-Wsh ft N
4* 1961
? 79%
3 80
1 79%
8 SO
10. ~.. .88U|Oti? Steel Co
to 1922
2 097s
St LI MA So
4s 1929
2 8014
10 80%
10 80.%
10 8078
25 81
5 8014
St L I M ft So
Rft O to 1931
5 813s
10 811s
51. 817S
: 81
2 82
10 81
If I, Peo ft NW
to 1948
1 102
StL R SI ft r
/ to 55
ft 821 i
St L ft 8 K BR
gen to 1931
1 9714
6Ks 1956
11. 9834
12 98%
1..... 98.(4
0 987a
20 9834
2 98%
6 9834
1 ns78
1 98(4
8 fi?78
3 98%
1 99
9 087e
14 99
5 9914
5 99%
1 987s
ft 09
?6 9Ms
ft 99
2 90U
Southern By
1st con to 1991
1 P4U
1 94
2 93%
.94I4
2 e?nt
3 06%
20 OOI3
West N YS1'
1*1 to 1937
S 75
West Pacific ii
3.
.99
St L ft 8 K Ry i f-outhern Ry
A 1953 j
.. .7U41
.. .71%
...7078
.. .71%
...7113
. ..7II4'
.7Ha
St L ft 8 F Ry
to ser B 1950
1 86
8 8519
47 85U
2 8518
10 8514
1 86%
gen 4s 1956
37 00 !
5. 0.5% |
21 00 ;
1 6534
ft 0578 i
8 66 1
10 05%;
12 06
3 65%
1 eft.%1
10 067a
2 60
I 05781
0. . 653i I
. . .60
8818
N Y Central
con to 1998
1 HOia
10 80
N Y Central
IVie 1997
1 771a
N Y Central
L 8 coll 3Ms94
2 .3ia
to A 1941
2 101
3 101%
1 102
Pac Gas ft Elec
gen A to (942
12 90
2 897a
Pacific Coast
fa 1949
1 78%
St L ft 8 F By I titunil Oil orCal I
Inc to I960 I 7k 1931
10 6834 5.90 .10014
10 68% 2 1003s
I 68.(4 1 106%
1 69 , 13 107
1 68% 2 10013
13 09 Steel ft Tube
1 6*3si 7s 1941
1 6878| 5 . ,?7. . 977g
20 09% 2 98%
A 09 2 9814
2 69% 1 1 "8%
3 69 1 9814
? .09%| 2 08'a
15 60 I 7 98%
West Pac lst 46
1 87
West Shore
lst 4s 2361
3 8OI3
Si 81
W?wt Un 6!*i 30
15 108
Wofcthsii Eft M
7s 1931
5 106%
2 100%
3 106%
1 106 I
IO 100%
7 100% i
WftLERLEDv j
rirf A 4!*jS f.O
10 64% I
1 04% !
6 6434
4 60
Wlclrwtre Spen
Steol 7s 1935
3 06%
Wiikb ft East
lst to 1942
0 65
Wilson ft Co
7%s 1931
2 101
2 10078
20 100%
1 100%
18 100%
Wilson ft Co
lst rn A 1941
2 9634
2 06%
8 06%
2 07
1. . 00%
1 07
1 0?%
Wilson A Vu
conv to 1918
ft 89%
10 893.1
IV is Cent Ky
1st gun 4s 49
1 77
Wis Central 8u
ft Dili 4s 1934
1 77
UNITED STATES TREASURY STATEMENT.
?p?c<a! TMxpatch to Thi Ngw Yogx Ilmum
New York Herald Bureau.
Washington. ?? C? April II.
close eff business. April B. 19
Revenue receipts and expenditure* at th
This
month.
W.1.-J1.87
Correspondlng
period
last year.
6.008.17;
25.HOI ',.1- .
14.175.880
258.840
.. 64.476,453
0.227,643
?7,*45.oen
18.243.703
32.428,220
6.762.910
104,SOT
64.940.483
42,421.138
107,967,621
?Fiscal
year 1922.
$257,331,438
Corresponding
period fiscal
year 1921.
5223.284,311
1,710.781.020
9?;.. 134,715
337.951,54?
9.173.767
8,280,343.392
2.4#>.727,0rj
1,121,802,08",
605.055.481
9.524.938
4,410,98,5,227
Receipts ordinary:
Customs
Internal revenue:
Incon.o and profit! tag
Mlsc?llai.eous
Miscellaneous revenue
Panama Canal tolle, *0....
Total ordlnlarv
Kjtresa of ordinary recelpta over
ordinary disbursements
Excess of ordinary disbursement*
over ordinary receipts ..??????
Total ord'.naiy disbursement* .... 48,242,910
?Receipts and disbursements for June re I'-hlnf the TreastiryJn_July_*re_1nclUded, ?
000,783.285 828,84^808
8.630.'65flion 8.891.189,818
FOREIGN MARKETS.
JiONDON, April It.?Trading In *llt ed?e
..arurltles was quieter after early flrmnesa,
oil shsree wore Irriuular and British Indut -
irlal Issues warn firm In the Htock Exchange
to day. Quotatlona follow:
Bar silver, ns(<jd. an ounco.
l'ar (told. its*. fid.
Money, 1!'4 par rent.
Discount ratai Mhort bill". per
cent.; three month* bills, 2*4^-+# per cent.
i'Vj per cent, conaola, ">H!s
British 5 per cent, war loan, 100'^.
British 4% per cent, war loan, 94H.
Dc Beera, 10H.
Band mines, ?H
PAniP. April II.?Prices were firm on the
Bourse to-day. Quotation* follow :
Franca. Cent.
3 per cent, rentes fiT !W>
Exchange on London 47 ?!)
.1 per rent, loan 77 11,1
United States dollar 10 8f,
T7. n. PHK WAR noMl.l,
Rid. Ask.j nid. Ask
2s r MO ..102^ ICCH4 ? I 4s '34 SO* 83
3s c '48.. . 87 .. IT' I 4* '31. 85
4s r '23,. 104% lor.i^io of C 3-08 1)8
P 2* r '38 10214 lOSmiTaw 4s '41. *9
M?r '38 103", . . |p B 4a '40 8T
DIVIDENDS.
Htock of Pay
Record. able.
Cudahy Packing Oo.. a ,
pf.. #8.50 April 21 May 1
Edleon Klwtrlc Illuminating
Co. fBoston), 'l.. *3 April MS May .
Martin Tarr.v Corp., <1-. 50c.May 1* June 1
WelU r?r?0 Exp. Co., ?2.50.May 20 June 20
KX DIVIDEND TABLE.
Pfit \
American Oa* A Rleetrto pf 91.50
April 14?
Atlantic Refining pf. 1.78
British Empire steel, 7% pf.. "B" 1.75
Consolidated Coal l.."0
iMlson Electric Illuminating. Rroctnn.. 2.50
Tngersoll-Rarxl 2.50
I'ero Marquette. "1 pf 1.B7
Pere Marquette 5* pf cum i.no
Pere Marquette pr. pf 1.25
April 17?
Carolina P?-war * T.lght .50
Mulltna Pudy Corp. pf....# 2.<m
April 1?~
Rending Co 1.00
April 20?
E. I. dn Pont da Nemour?. deh 1.50
K. I. du Pont do Nemour* 1.50
April Sl
Fl?har H ? ?.. 1.T5
Fl'ln r p..d" f.ftO
50,000 Shares
United States Hoffman Machinery Corporation
Voting Trust Certificates for Common Stock
We offer for subscription when, as and if issued and received by
us, and subject to approval of Counsel, Voting Trust Certificates
for 50,000 shares of Common Stock. We reserve the right to reject
any subscription and to allot less than the amount applied for.
Subscription books will dose on Wednesday, April 12, 1922, at
3.00 P.M.
We believe the Common Stock of this Company, is an attractive
speculation and recommend its purchase as such.
Price $20.00 per share
Delivery will be made of Voting Trust Certificates in temporary form
Application will be made to list tha Voting Trust Certificates for Common Stock
on the New York Stock Exchange
Descriptive circular will be furnished upon application
F. B. Keech & Company
Hayden, Stone & Company
New York
New York
Boston
BREAK IN EXCHANGE
PULLS WHEAT DOWN
Liverpool's Drop Also Has Ef
feet, Despite Beports of Rot
tor Milling Demand.
Chicago, April 11.?Wheat closcd un
settled to-day at to 2c. net lower,
with May $1.31*', to $1.31 Ti and July
$1.20 to $1.20Vfe. Corn finished un
changed to \ic. off. oats unchanged t/<
^c. down nnd provisions unchanged to
a sctback of 20c.
It had been expected by many wheat
traders that in view of the advance
hero yesterday the Liverpool market
would show an upturn to-day. Disap
pointment in this respect was emplia
.Mzed particularly by a decline In
sterling and by advices of disturbed j
financial conditions In Greece. Besides. 1
export demand was slow, and the view
was pressed that all known bullish fac- |
tors had been fully discounted for the
present.
Better milling demand at. St. Louis.
Knnsas City and Omaha helped eome- ,
what at one stage to rally the -wheat I
market here, but toward the end a re- i
nownl of weakness became evident ow
Iit more or less to gossip that two j
Minneapolis mills were offerim? to sell
in Chicago hard winter wheat purchase 1
in tlie Southwest. Selling of 100,000
bushels here to go to store was al?o a
late depressing factor, especially as to
the May delivery. (rnfavora.b|e crop rc- '
ports from parts of Kansas were vir
tually ignored.
Persistent rainy weather made the
market for corn and for oats relatively ,
steady. Business, however, lackcd vol- I
ume.
Provisions as a rule were lower. In I
line with hogs and on account of in
creasing stocks of lard.
< IIK AWI PRICK*.
prov
WTfKAT? Open. High. I,n? Ul.,-:e. Close!
l.-il'S. 13';",
'-1 HIM 1 I!?'h 1211'^ 1211,
CORN-'"'' IM'" ,U* ,,V*
May r.!>", iio'i r.naj n-i r,., ,
? ? '-I". ?."U ?.;:s
September.... (!<;>. ().-,?? K-,
OATS- -
"ay RT?i 8Hi 3715 .".7% 37>4 ,
July.... \ 40^ 491, |0!^ 4f),
RyE^*'"" 42H 4"H ?"7? 4- 4
^'?jr loevj ire jot^ io6\
tIardI'"" !H'"i 86,4 84*
10.97 11.00 1090 1090 11 <K
Ju'y 11.17 11.27 11 17 11.17 11.27
NEW YORK PRI(E8.
WHEAT?No. 2 red and No. 2 hard. $1.*5>.
?i?;>Bi .lt0.ba'. ''?y1'*' No- - 1x0,1 Durum,
*l..J?<i e. I. f., track N. T.. to arrive
No. 2 yellow and No. 2 white
7fWio.: No. 2 mixed, 70>4e., c. I. f N T
OATS?No. 2 white, 4?Hc.; No. 3 white.
whl,'> 'ancy clipped,
? ordinary clipped white, 40-ff
.?O'-e.. nil elevator.
"V^0- ? Western. ?1.12?4 f. o. b.. and
? 1.11 c. I. f., >,. Y. export.
^.NARI.BY?Mailing, 73'V777Hc. e. 1. f. New
HAY?Ne. 1. *2S#30; No. 2. $2(1*^2* ? No 3
F.i@T7; shipping, $I2rt|ut p^r ton. '
INTERIOR RECEIPTS.
_ , . Wheat. Corn. Oats
T'sterder ?.'??!.000 Mfi.000 322 nOn
I.ast wr?k 411,000 ?;(7.00rt Sa' IAO
Last yea. (ii i.ooo 43fl.ooo 320,000
SEABOARD CI.EAR ANTES.
Elour. Wheat. Corn.
Trsetrday fW.OOO M.oon too 000
I.ast week ir.000 <514.000 107000
I?ast year 21.000 ;B|,0oo #4 (w??
PRODUCE.
W07.BO: Raldwln,
V.' i, n sr?ner. $.^7: Northern Spy. *r,..W7f
II. Rmi Ha'is, f) .">04} 7 . Russet, so
ordinary tuirraded. IMJ5.B0; Newtown Pip
pin, W cstern. box. $2.2.Vtf4; Wlnexap. $2fft
bets, $2.2.-^ I: American Black, fyf
3...0; Romo Beauty. $2.28#4: Delicious, 4: I
Bfn Davli, 3.25.
BEANS?Marrow, chc|Ce( domestic, 100
'' ? ficx. $7.1.'">07.23; medium, $7.IS !
kotsnashl. Japanese. $300; medium. !
Rumanian. Jfl "Mfi.rfl; r. ,1 kidney, ,
?o"^ lmP''r,?l- white kidney. $lo|
than extras. I
?uiloT,', W 87r ; firsts,
?.i?? ' ' ' ? MVi?34c.: lower grades.
31 $32c.; cnntralUwd ears, ?o ?eore. 3fle. ftfl
Si-ore. 3M?33^c.: M score, St%tr.l4H?,; H5 1
to S, scow, 3S9A4c.; unsalted, higher than I
extras, ; extras. 02 score 3SJJ391ie
firsts, 3MM:<iUc. : eeeond.1. lW?.HHo.; lower,
<lalry, tubs, finest,!
?W;W?e.MRood to prime, 33?3.V.; common
to fair, .lW33e,; Indies, current make, ex- !
?"S 2R'^27'ic.; firsts. 24?28c.; seconds. '
v*2.lc.; lower crades. 20fl!22c.; ps( klnil
stock, current make. No. 1. 23c.; No 0
21'3022c.; lower itradea, 1^20^6. ' '
/'HEKSB-Vew York State flats, fresh ?pe- i
clals, lfil4#19c. j average run, 17'W!>1*c : '
twins, held specials, I8u,c.; average run
ITHfUdc.; flats, held specials, 241?2^''
3.W24<\; Wlecnneln fresh
double daisies, 18V4(?10Me.} single daisies
young Americas, 2.'to.
KtitiS?Fresh gathered, extias. do*. 30*
31c.; storage packed, extra firsts, 2f''?2l"ic.
firsts, 27' <2XHc.; regular nneked, e?tr? 1
? -' <l! *c.; firsts, 23fl -7c,; seconds.
; trade egi- . 2.".'.?/?;I'-'.c, dirties
torng.- packed. No, 1. 23^-.; regular packed! ,
o. I 22Vt'('23c.; No. and poorer, 211 - ft 1
; ' hecks, fair to choice, drv, 21>4'93t<%<. '
n ,l,rs(.v hennery whites, cnt,dled extras I
tsvmc, nneandlsd extras. 3fl?:i7c.; nearhv I
"(I nesrby Western hennery whites aver
|? extras, extra firsts. XMM.V.firsts 1
"'' '^'j.? "osrby gathered whites, firsts to
xtra firsts, aOW31c : under grades, 27"J29c ?
?clflc coast whites, exttas, 37c.: extra
a?M?l.'!W'?2r j xvr*'.*' ,)nd,r (trades,
ffl29c.. other \VcHtern and Routhern gath
r.d whites, 2,?32c.; nearby and nearby
'e-tem henoer- browns, sxtras. Me. ? pear
y brown and ml*cd colore, gathered extia?
30931c.; firm* to extra fir*!*, 23,i92B,V'.;
dtick ^cc". Haltlmore, Mai \ land snd Vlr
Klnla, tot? IRc., Western and prime Southern.
XVtAOc.; fur Southern, good to prime, 309
33c.; goose eggs. $191.50.
POTATOES?Maine, 1*0 lbs , ?3 5094; 195
lb?., IW3.2S: State, ISO lbs., $3.50?.l75;
State and Maine, 150 lb* . $2.7593; Jersey,
150 Il)e , $1.5002; lx>ng Inland, bbl. *494.50;
Virginia, second crop, $2 75: Bermuda, bbl.,
$4-5 11; Worlds, bbl., $2 50?%25; Cobblers.
$2?7.28; sweets, Jersey. balket, $2.2593.
Delaware and Maryland, $1.11092 29; Vir
ginia, bbl., $2 7593.75; yam*. Virginia, bbl,,
$1.5093.78; South Carolina, crate, 11.230
1.40; Georgia, basket, $1.75.
POULTRY, DHKSSKO- Chickens, froten,
broilers, 27?43c.; fryers. 27932c.; roast*!*.
2*9S8c.; fresh slags, 21027c.; frozen. -iO
21>c.; fouls, fresh Weatem, boxea, 2ri939?.;
Kegs, 2<1932c.; bbla., dry, 23931c.; Iced. !'.>5
30c.; froc.cn, 28932c.; old pocks, freab. 'Mm
25c.; frozen, 30930c.; capons, frozen. West
ern. 88948c.; turkeys, young, fraah, 35941c.;
frozen, No. 1, 47?f5lc.; poor to good. 339
4flc.; old torn*. 35943c-: old hens, 40*84*' ;
ducks. I .on* Island, spring, 33c.; Western,
frozen, 20#2flc.; geese, Western, frozen, 169
20c.; squabs, fresh white, doz., $5?10.50.
roriTHY, inn Fowl*, freight, 279306.;
express, 29932c.; chicken*, freight, 21342c.;
express, !WUr,; spring brollara, freight,
70c.; express. 40970c.; capon* and Blips,
rtr?f>40?*.; old roosters, fretfchl. 14c.; turkeys,
freight, 2.VT30C.; express. |Ti940e.j ducks,
freight. 22fl"24c.; express, 2*988?.; Mua
covey. 17c., geese, freight, 15918c.; express,
10920c.; plgVons, pair, ?0<\; guineas, pair,
70c.; rabbits, freljht or expre**. 30982c.
LIVE STOCK AMI MRAT PnitTCB.
Common to prime steers, 100 lbs. $? Ort^i g.RO
'"onirnon to choice bull*, ion Ihs. 4 2f>.'a> 5.50
Common to choice com*. 1t i lbs. 1,259 5.25
Common to prime veals, I0t? Iba.. A.QO*flQ.OO
Common to prime ewes, 100 lb*.. 4.0?1| i 7.BO
Common to prime lambs, 100 Iba. ?.on9l4 00
T?lve hogs. 100 lb* 10.75 [11.50
Pressed beef, steer sides, lb IK > 14
city dressed veals, lb.., .Otjd 1 .10
Dressed mutton, lb 10 I .18
T>re?*?d ?4th?r?, lb Ill l .30 ,
IVe?ed I a gib*, elty, lb ?7< i .83
New Issue
$500,000
Miller Lock Company
First Mortgage 7% Convertible 20-Year
Sinking Fund Gold Bonds, Series A
Dated April 1, 1922 Due April 1, 1942
Imprest payable April lit and October lit. at the office of The Equitable Trust Company of New York. New Yotlr City,
without deduction for Federal Income Taxes up to an amount not exceeding 2%. The Company Trill also aaaurae
the payment of the Pennsylvania Tax of four mills. Callable only asm whole on sixty daya' notice en any interest
date at tOf> and accrued interest. Convertible at the option of the holder, par for par. Into 8% Cumulative
Preferred Stock, on any Interest date upon thirty days' notice. Coupon bonds In denominations of
$1,000 and $.100. reglsterable as to principal only.
Authorized $1,000,003 To be presently 'issued' $500,000
THE EQUITABLE TRUST COMPANY OF NEW YORK, Trustee
The following information is summarized from a letter of Mr. Edioard S. Jackson,
President of the Company:
History: The business of the Miller Lock Company was started in 1871. The Com
pany's plant, located in Philadelphia, is the largest in the world for the manufacture
ot padlocks. It also makes cabinet locks, keyless locks, rim night latches, house
furnishing and shoe finding specialties in metal, and there is an automotive de
partment for makinp parts for automobile manufacturers. The Company'-s
products are favorably known in every market of the world.
Security of Principal: These bonds will be secured by a direct first mortgage on
all the fixed assets ot the Company, now owned or hereafter acquired. The net
sound depreciated value ot the fixed assets ot the Company on which tlpese bonds
will be a first lien has been appraised by the American Appraisal Company as
of December 31. 1921, at $1,060,262.09. The reproductive value of these assets
has been appraised by the same Company at SI.MH,035.68. The net current
assets are over 100%"and the net tangible assets over 300% of the' amount of
this issue.
Security of Interest: The Company's earnings from 1911 to 1920 inclusive, a ten
vear period, averaged S123.8ol.12 a year, which is over three and one-half times
the interest charges on this issue, fn 1921, the Company showed a substantial
loss, due mainly to radical inventory mark down to figures considerably below
present market. The liquidation ot this inventory is now showing a substantial
profit. Sales this year are running considerably in excess ot the same- period
last year.
Sinking Fund: The Company agrees to provide a Semi-Annual Sinking Fund, be
ginning April 1st, 1923, to be used for the purchase ot bonds in the market up
to and including 105 and accrued interest. Through the operation of this.sinking
fund all bonds should be retired by maturity.
All legal matters will be passed upon by Messrs. Everett, Clarke f* Benedict, of Nfcw York, for
the Bankers, and by Messrs. Morgan, Lewis & Bockius, of Philadelphia, for the Company. The accounts
have been audited by Messrs. Ernst & Ernst and the appraisals effected by The American Appraisal Co.
These bonds are offered for delivery "when, an and if issued" and received by us and
subject to the approval of counsel. Interim receipts or temporary bomis may be delivered,
in the first instance.
Price 97 J4 ant^ interest, to yield about 7.25%
Lage Brothers & Co.
Members New York Stock Exchange
160 Broadway 208 So ..-La Salle Street
New York v Chicago
The above information !? not guaranteed but I* obtained from oourcee which w? believe to'be accurate.

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