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The New York herald. [volume] (New York, N.Y.) 1920-1924, April 22, 1922, Image 16

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045774/1922-04-22/ed-1/seq-16/

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prince & fflfjttelg
EttaMisbed 1871
Standard Railroad
Investment Bonds -
Members Nat York. Stock Exchange
52 Broadway New York
Uptown Office. 5b5 Fifth Ave.
J.'K. Rice, Jr. & Co. Buy & Sell
II Farmeri Loan ft Trust Stk. '
Fidelity Phenix Insurance J
First National Bank ' I
I Mechanic* 9l MetaU Nat. Bank |
National City Bank
U. S. Trust I
J.K.Rice, Jr.& Co.
1 "hones 4000 to -W10 John. 36 Wall St.. N. Y.
BIG STANDARD OIL JOB
FOR SOUTH AMERICA
Contracts to Be Developing
for British Company.
The Standard Oil Company of New
Jo rsey ban just negotiated a contract
with the British Controlled Oil Fields
Company, under which the Standard will
f' clop the properties of the British con
cern in 'South America. The Standard in
seeking fields for development in South
America lias made arrangements to
handle the properties of the Maracalbo
Oil lisploration Company and other con
cerns with important acreage in the
southern continent.
Actual development work on these
p .Myrtles will likely lie done by the
Standard through its foreign production
department, although its subsidiary, the
West Indies Oil Company, which is ac
tive in South America, may get the job.
rioads have been constructed on the
British property, as well as camp sites,
water supply and locations for port term
inals. Seven wells have been drilled In
the El Mene district and in tlv> oil was
encountered. Four of these have been
capped. No pipe lines have been laid in
the district, and no commercial produc
tion has been reported. A main depot
and distributing station has been ac
quired at Punta Batijo.
AKE ERIE & WESTERN
PROSPERS IN MARCH
Reports Net Ooerating In?
come of $58?23.
Operation of the Lake Erie and
?Western ltailway in March resulted In
net r:? IIway operating Income of 108.023
utter deductions for operating expenses,
taxes and adjustments for joint facllUv
rents In contrast to a net operating
deficit of $35,202 in March. 1KJ. and a
net operating income of $58,871 in Feb
ruary, 1912. Its gross operating reven
ues were $769,903 In March, In contrast
with $741,050 in March, 1921, and $700,401
In February.
In the first quarter of this year the
road's grosg operating receipts were $2.
152,660, out of which net railway oper
ating income of $172,111 was saved Id
contrast to gross revenues of $2,172,073
and a net operating deficit of $311,915 ic
the corresponding period-of 1S21.
EQUIPMENT TRUSTS.
(Quoted on a percentage basin.)
*. , ? ... Maturity.Kate. Bid. A*k. |
Atoh.. Top. t 8. F.. 1923-35 i; r..'Wi s 20
Atlantic Coast L...1923-35 tl r> tut ft to
Atlantic Coa*i L.. .1933-3(1 1114 5.(15 r. in
Tiaitlmor# & 1 >iiio...1922-27 4'j 5.75 540
llaltlinor* * Ohio. ..192:1-35 11 s,*5 r>.V>0
llethleheni Steel.... 1922-30 7 K,.v> fi rm
Huff., R. * Pitta...1922-35 -<iJ-ri-C s.HO ft.35
Canadian Pacific... 1922-32 4<3?4* 5.70
Coil. It. R. bt N. J.. 1028-3." ? 5. HO 5 25
< he?H|w?ke ft Ohio. 1923-35 IWI'i 5.(10 5.30
Clil., B. A Qtilnoy...1923-35 0 5.(10 ft.20
fill. A N'thwestern. 1922-23 l'} ,-,.:,o 5 no
Chi. if. N'thwestern. 1P23 ,tr. K s.(iO 5.37
Chi. h N'thwestern. 1925-3(1 04 ft.HO r.].'17
Oil.. R. 1. A Par... 1922-27 414-0 5.T0 ft. 50
* "hi-, R. I. * Pae. ..19T1-35 K ,*,70 ft SO
-s?-A n. 0.1922 24 r' r.,70 ft. 40
c.. 0.. c. * Ht. l. . 1922-211 r,-a .1.70 5.50
Delaware t Hud... 1923-3r. rt s.flo ft. 40
Erie Railroad 1922-21 4'4-5-fl O.OO ft 80
Ureal Northern Ry. 1923-35 8 ft. 85 5.40
2?"<ral 1922-27 4>4-5 ft.no 5.40
Illinois Central 1923-35 1; 5 SB 5 10
Illinois Central 1925-3H H'A-7 S.IVO 5 30
Loulavllle A Nash. .1922-23 ft 5.SO 5 00
LouUtllle tr. Nasli. .1923-35 8 5.55 r. 3S
T<oul*?ille A Nasli. .1922 tf'4 s.V, ft'-y:
Mlutrlfian Central... 1922-8.1 5-8 son r. ri7
M.. a P. A P. 8. M.1922 M 4!14-5 S 75 535
M., 4 P. A H. 8. M. 1922-35 ?-?V*-7 S.7S r.Vi
Mo., rfan. It Texas. 1922-24 .1 (1.25 5.7S ;
Nat. Hteel Car L...1922-2* H H 10 7 fill!
New York Central.. 1922-32 4'C-5 s 2."
New York Central.. 1923-35 ?i " 5.(15 ,-,'4r,
New York Central.. 1923-35 7 5 no ft 40
N. Y.. N. If. * II.. .1922-29 -I't-S-fl il.no 0.00?
Norfolk A Western. 1922-21 4'J 5.00 5.2.'.
Norfolk it Western. 1923 .15 tl s.go ... in
Northern Pacific., .1lrW-)IO 7 5.?n 5 10
T'aelflc Fruit Exp.. 1925-35 7 5.80 5 35
Penn. Gen. Freight. 1922 23 4-4li 5.50 son;
Pcnti. (Sen. Freight. 1923 35 8 s.(55 ft 35
Per* Marquette 1923-35 (I 5.70 ft.50
Pitta. A l.ak?j Erie. 1923-35 (i-6'4 5.(IS ft.40
leading Company.. 1922 27 4V. s.so &15,
Seaboard Air Line.. 1922-27 4Vir-'<-? 8.00 S.Sol
Southern Pacific... .1922-2(1 4U 5 50 5
Southern Pacific.. ..1923-35 0-7 8.50 ft!30
Southern Railway.. .1922-2(1 4'4-5 ft.75 n SO
southern Rail-rev...1923-35 11 5.73 ft,so
St. Li A Han Fran.. 1923-35 8 5.75 5 so
Hilton Pacific 1924-;<s 7 ft.SO ft,25
Virginian Railway..1922 3ft (l 5. Ml ft so
Wabash Railroad. ..1922-35 8 S.?o s.so
MONEY MAEKET.
FRIDAY. APRIL 21.
Renewal 3UILa*t 3U
J"*1 3J4IYear'* hlgb n"
Low SVilYear'e low 3
TIME LOANS.
Mined collateral, 60 to 90 day* 4'i
Mixed collateral, 4 to U month* 41.
Industrials, U0 to 90 day* 4V4S4V4
Industrial!, 4 to 8 inontli* 4'i04V
COMMERf IAL PAPER.
Be*t name*, 4 to 8 month* 414
Other name*. I to 0 month* P-i
DISCOUNT RATE, HENERVE BANK,
Commercial paper, ?I5 day*, 44; 80 to 90
daya, 4%; Liberty honde hihI Metory notea,
IS day*, 414; 1? to 90 day*. 4<4; bankers'
meccptance*. 15 to 90 days, J?4,
?Fixed November 2. Previous rate, 6.
fixed September 21.
OPEN MARKET R
Call loans and acceptance* .*1
Discount ratea on prim banker*' a. ept
? ncea eligible for pnrcl.asa by Fed' ral Re
?eivB banks:
Bid. Ask. Bid. Ask.
30 days 3H 314 90 dsv* ;i*t au
day 3fc|120 days 3H
( LEABINO HOIKE STATEMENT.
Clearing House cxchsnge*, |882,100.000.
lalance, $77,300,000; Federal Rastrve credit
valances, $01.800,000
SILVER MARKET.
Official bar silver In New York, domestic.
99%c., unchanged: foreign, 8844*., up He.;
]<ondon, 3l%d., unchanged; Mexican dollars,
? ?:j4c., unchanged.
Range of silver prices this year.
Highest. Lowest.
London n.'.'Hd., ^prll 19 32'Jd., Feb. 2*
New Vork 70i'.. April 1U 02%c., Feb. 2"
FINANCIAL NEWS
AND COMMENT
Investment Buying Appears inj
Industrial and Kail Issues
?Libertys Sa^.
The character of yesterday's dealings
in stocks Indicated that some of thq
exuborent investment buying of bonds
had flowed over Into high gra'le indus
trial preferred and railroad shares,
while speculative endeavor was re
strained. In the last hour a demon
stration, which savored somewhat of
last week's professional activities, ap
peared in Studebaker, Mexican Petro
leum and one or two other volatile
issues, establishing several new high
prices for this year, but the market's ;
generally strong tone, noted throughoutj
the day, was the accompaniment of nor- !
mal and orderly buying, spread through j
the narrowest list of the last ten days, j
Transactions again went well beyond j
the 1,000,000 share total. The turnover, j
however, was the smallest since April 3. |
and the investment qualify of purchases 1
suggested that easy money conditions
had turned for the time being attention
toward dividend yields rather than to
profits through Qjrice movements.
The most impressive gains were
recorded in public utility, express, rail
road equipment and steel company pre
ferred Issues. The Impression of grow
ing business in steel lines was strength
ened by news from producing centers
that orders -vrere pressing on mills in
larger volume than in March, while the
Steel Corporation's program for building
a $15,000,000 tube plant bespoke pros
pects of expanded production in direc
tions in which facilities had not been
increased by war orders in 1918 and
1919. It is rather difficult to get a true
picture of coal strike effects. The shut
down of independent mines in the Con
nellsville district evidently has forced a
reduction of coke making, which is
affecting adversely certain steel works
in the Pittsburgh territory, but reports
indicate that the largest unit of the
industry is not having difficulty in main
taining- operations equal to 75 per cent,
of capacity, largely because of large
production in its own coal mines. At
the end of this ir.ontn, it noi before, it
should bo possible to determine how far
new coal output has supplemented stocks
accumulated prior to April 1 In supply
ing mill and furnace demands. The
strike is not altering expectations of
continued large scale operations, and
an earnest of the much Improved steel
outlook was presented yesterday in a
renewal of conferences between largo
independent company representatives for
perfecting merger plans outlined last
autumn.
Call money stood at 3 */? per cent.
The rates for mercantile bills, accept
ance* and time loans established on
Thuraday stayed in their positions of j
ease, and the increase of member bank j
deposits in the local Reserve Bank at j
midweek forecast a sizeable increase of .
New York Clearing House bank reserves '
to be reported in to-day's statement, j
The question as to whether or not the |
abundant money supplies here are teni- j
porary, expanded by the current de
posits of proceeds of many new security
issues which will be checked out later,
may bo raised. There 1*. however, no
sign that such deposits will not bo re
placed by new ones, as security offerings
are coming along at a tremendous pace.
Th# principal strength of the older
bonds yesterday was displayed by the
second grade rails. Liberty issues
sagged slightly and most of the foreign
group held Bteady.
The presence of heavy buying for
forei-cn account was displayed in a
4 cents a bushel rise of May wheat to
tlio highest price on the current move
ment an<| within 2% cents of the year's
best. The quotation lost part of the
advantage before the close, but was
strong. Cotton also went forward under
sizeable speculative purchases.
FOREIGN EXCHANGE.
riUDAT, APRIL 21. 1K>2.
liRKAT BRITAIN.
Parity. Tliurs
$1.81118 Sterling: Friday, day. Apr. 14.
Demand $?.41% $4.41 >4 $4.41>4
Cables 4.42 4.41H 4.41 >4
Hankers. tio d*. 4.38% 4.3**4 4.38
Danker*, IK) ?*. 4.37',, 4.36% 4.36%
THE CONTINENT.
19.30 1'rance, centa a franc;
Demand 0.31'i 9.27 9.28
Cable* #.32 #.27H 9 28'4
19.30 lielglum, cent* a franc-'
Demand M.57M> 8.53V4 8.574
Cables 8.OS 8.M 8.58
19.30 Hwitserland, cent* a franc:
Demand ?6 4 I 1R.44 19.44
Cables 19. W 19.4H 19.18
19.30 Italy, runts a lira:
Demand 5.41 r>.MH b.44
Cables 5.414 &.3T 5.444
23.80 Germany, cents a mark:
Demand ...... .36'; .334 .33*
Cables .!W,i .33% .'!?!%
20.80 Sweden, cents a krone: ,
Demand 25.08 26 00 2(1.00
? 'able* 20.08 -il.0 .' 2?.10
20.80 Norway, cents a krone:
Demand *.....18,98 1*8.". 18 70
Cable* 10.0:1 18.no 18.75
20.80 Denmark, rent* n krone
Demand 21.2:; 21.17 21.25
Cable* 21.28 21.22 21.30
19.30 Ore*ce, cents a drachma'
Demand 1.55 4.55 4.55
Cables 4.57 4.57 4.57
19.30 Ppaln, cents a peseta:
Demand 1.1,$3 I5.S2 13.58
Cables 15.55 15.54 ir,.r<T,
40.20 Holland, cents a florin:
Demand 37.90 37.87 37.90
Cables 37.95 37.92 37.95
51.40 Russia, cents a ruble:
100 rubl?* Otl'i .07 .OH
noo rubles 07 .07'/* .06'i
20.20 Austria, cents a crown:
Demand 01s, .01% .01K
Cable* 014 ,01'i .01'/i
23.80 Poland, cents a mark:
1' maml 02*4 ,02'ii ,02ri
Cables 0:1 .0:: .03
20.30 Hunfary, cents a crown:
Demand 1.34 .13 ,18V
Cables 14 .14 ,I4'4
20.30 Juso-filavla, rent* a crown:
Demand 33"; .S3 "4 .33
Cattle .31'4 .84
19.30 I'lnland, cents a mark:
Demand 1.89 1 ?8 1.92
Cables 1.80 1 80 1 93
20.26 Ciecho Slovakia, cent* a crown;
k l>emaid 1.99 2.0B 2.02tj
Cables 2.00 2.03 2.03'*
19.30 Rumania, cent* a leu:
Demand 7? .71*4 .78
Cables 75 .70 .77
$4 . 10 Turkey, cent* a t^ound:
Demand 72.00 72.00 70.00
Cables 74 00 74.00 72.00
/ FAR KANT.
108.32 Shanghai, cents a tael:
I?emaiid 75.23 75.50 73.23
Csble 7fl 00 73.75
78.00 Hongkong, cnt* a dollar:
Demand 50.124 56.124 54.73
Cshlf- 56.50 56.50 55.25
48.00 ll<i'*rf.ay, cenl* s rupee;
?'<emand 58 00 2*00 28.12V4
Cables 28.25 28.25 38.37H
49.84 Vnknliama, cent* a yen:
Demand 17.50 47.50 47.374
Cables 47.75 47.75 47.624
Norm AMERICA.
32.14 Rio de > itii, centt a mllrols:
Dentan 13.75 13.75 13.75
C.tble* .. 13.80 13.SO 13.81
42.45 Duettos Aire*, c? nts a peso
Demand <j.VU2U .'t.i.rt'j',4 35.87',
Cables 35.70 33.70 35.
103.42 Uruguay, cents a dollar:
lH>mand 78.374 78.624 78.374
Cable* 78.50 78.75 78.50
30.50 Chile, cents a peso;
Demand 11.124 1I.12H ?
Cables 11.19 11.374 ?
CANADA.
New York fund* In Montreal. $J0 premium
a *1.000 Montreal funds In New Vor*, 119.61
illscvunt a $1,000.
NEW YORK STOCK EXCHANGE QUOTATIONS.
FRIDAY. APRIL 21. 1912
Day's sales
19227-?r-ClonlnK.-, if'Tv.i
High.| Low. | Bid. | Aak. |ln>.| Sales.
1922.
1,148.-149
1921.
1.131,613
lOpvu- Hi<h-1 Low. j (,'loa-l
I Iiik. >-it. | eat. [ ing |Ch'ni;c.
1920.
1,426,282
Met
ai%
' 51
50%
99
39%
67
70
41%
69 ! 48 66 I 68
19% | 16% 18% 19
r.O 31 % 49 r.o
18%! 13% 17% 17%,
* % %
1%' *s 1 1%
69%; ?5% 66% 67
119%!l01 106% 107
51 | 37%
100 : 80%
41% I 55%
70%! 55%
77% 57
44 I 81%
49
63
50%I 32% 49%
105%! 93% 105 166
164% |l II 162 163 I 12
13% | 7 12% 12%
27% 19% 25% .26
6%! 4% 6% C%
142 !127%il41% 143
72%! 58 j 69% 70
114%! 78 107 108% j
82%! 72 80 80%
48 i 38% 45% 46%| ..!
12%! 9% 12% 12%! 1
S6%! 29% 33% 34 ..
117%|.102 1116% {116% 8
8%l 3% 7%, 7%! ..
18% I 5% 18 18% | . .|
F.Q1Z 1 .1Q El . KU -.iJi' ! I
50%;
99% I
39%;
(.8 j
73
42 i
16%: 47 j
62% 62% I 41
43% I ..
fmm
59%! 43%
98%| 86%
93 I 87
138 '109%
39%! 30%
76% I 54%
100 ! SI
36%! 23%
58
97%
92%
133%
39
76
99%
34% I
58%, ..
98 ; 7
93 ! 5
134%! 12
39%
76%
too
J24%!.114% If % 123%
142%|129% 140% 141%
138% 126 il36%;137
102% i 96% 1.100%
32%| 17% 29 U
95% 78 %
108% 102%
37% 22%
17% 12%
42%i 36
54%| 47
51% 2?
82
102
93%
105%
34%
17%
42%
53%
49%
82
100%
. 91%
% 4
83 !l01%
2% i 4%
<o?s
91%
91%) 85
5%
103
5%. .
1020 IDCO 1975
13%
23%
9%
68
3%
92%
104
33%
52%
40
19%
19%
%
51
90%
114
55%
4%
100
19%
%
6%
5%
70
50%
18%
101 %
30%
93%
105%
35
17%
43%
53%
50%
82%
100%
92%
4%
102%
4%
1000
19%
32% | 33%]
24 % I 25
84
4%
117%
110
48 %
60%
50%
53%
85
5%
118
112
48%
61
51
53%
35%! 36
1 J 1%
75 ' 75%
97 1100
[412
79
6%
105%
27
21%
34%
28
85
7
119%
110
49%
61%
50%
53%
36%
1%
78%
101
113
80%
8%
110
29%
1%
24%
23%
103
56
132%
42%
99%
34
7 L
30%! 20% | 30%! 30% I
15%I 10%] 13% i 13%,
78% 68 77% 73
58 I 43% 55%i 56 i
20
113
79% !
107
27%
23
20%
102%
65
22%
20
102
54
115 132 1132%
2s%: u 4i%
94 I 97 ! 98%
28 I 27%) 2S j
5 V4 & /*
98% 83
7% I 5%
62%; 58
145 1119%
6%!" 3
80 68
40'i 29% | 38%
74 ! 63%
37% 32%
47% 34
96 I 97%!
7% I 7%
59 ! 61%
143 'l 13%
5% I 5%
*0 I 85
38%
73
37%
45%
*6%
!%
37%
44%
76%
10i
79% 47%
66% 54 63%! 65%
9% 1% 9 | 9%
26% 12% 25%! 26
47%! 31%, 46%! 47%
8% I 5% | 8%! S%
23%! 14%j 22% 22%
29%; 16%! 28%! 28%
47 1 29 I 35%! 46
76%I 59 j 76%! 77%
112% 100 U0 115 i 7!
71 I 59 ! 67 ; (Si ? 4'
48%! 30%' 47% I 47% I .. I
83 i 70%1 82%) 8r%| 6!
96 ! S3 V? i 95% I 93% I 7|
k:? i 51 1 ?3 64 %.1 5
93 V 83 I 93 94% 71
19%I 15%!. 19%' 19% . .1
29%; 25% I 28%! 28% i I
90 ! 72%; S8 90 | 5j
60%! 43 ' 52%! 34%! . .1
56% I 41 I 56% 56% I 4'
33%I 24 ! 31% 32 ! ..
51 ; 38 !? 50%1 r.o%' s
85% 64%! 84% S4%l 6|
4 I 1% 3% 3% i ,.
18 %!? 13% I 16% 16%! ..|
78%i 56% 77 77%| 4|
118%! 85
15%; 12
2%
68
72
108%
42%
67%
88%
26%
94%
19%
45%
66
91%
31%
52%
80
14%
78%
117 117%
14 14%
% 1
66 66%
71 71%
103% 103%
41 41%
64% 64%
87% 87%
22 22T&)
94' 154%
8% j 16%) 16%
40%! 15% | 34%| -14%
f-6%1 48% I 62%: 63%: ..
122' % 106% 1120 % 1122 1 9
119% 110% 115% 113%; 6
108%; 100% 107 107%! 8
88% 18% 27% 27% I
5%' 2% 4 I 5 ! ..
10%; 3% s%' 10 j ..
'00 1600 :7 6. > 1775 |f25
179% 1125 |172%[172% 12
9 1 2%' 6% I 7% ..
87% I 76%! 86 ! 86%; 5
lio 104 109 109%: ;
13%! 7 i 11% 13%
11% 22%, 23%
7% 15% 15%
75% 81% 81%
37 I 39%
75 |124
76%! 96
11%! 18
20% I 12%'
23%
15%
85%
41
127%
96
18%
40%
124%
96%
ln , m*i
16% 16%
i%| %! % %
63 | 4S:'? 60 i 60%'
67 1 55% 63 %l 63%!
76%| 65 I 76 76% 6
164% 135 1163 % 1101 *12
i 3% I 8%' 12% j 13
81 ! 67% 79% 79%
??% ??"4,
34 %j 41%!
42
90% 80%] 90
%! % ??
80% 70 V 75%
45% 31% 41%
31% 25%l 30%
14%, 6%
16 5
38% 16
90%: 44%
3% %
81% 15
75 I 55
18%! 10%
9%' 3%
82% I 70
109%' 97%
4% | 3%
10 1 5%
42%^ 37%
5 ! 1
12%
36%' 26
28%; 22
41%
91
76
42%
81
12%
16
38%
85
2%
19%
74
18%
8
79
13
15%
37
84%
2%
19
73
18%
7%
78%
107 11 OK
4 ; 4 %
6% 7
41% 41% I ..
3%: 3%; ..
9%! 9% I ..
34 I 84 % '2%
86%; 26% 1 2
500|AdaniH Exp...
1200 Adv namely...
1001At! Rumely pf.
2400 Ajax Rubber..
100" Alaska Q M...
700 Alaska Juneau
1800| Allied C & D..
300|Al C & D pf..
66%
18%
48%
17%
%
1
66%
67%! 66%
1 ! 18%
67%! +
19 ! +
48%! 48%| 48%:
17%i 17% 17%|
%i % v+
1 1 1
67%l 66%
106%! 106%' 106%
50%! 51 ; 30%
96% ! 100 1 96%
39%; 39% I 38%
#7%I 67%! 67%
' 72%! 72%
42% I 41%
47% | 46%
63 I 61
49%! 48%
104%[106%;i01%
162 162% 1162
12%l 12% I 12%! 12%
25%! 25%! 25%i 25%
6% 6% 6%! 6%
133 i142 138 1142
72 %j
41%i
8*1
48%)
66% ?
106 % I?
50%! +
99 ! +
39% I
67%
72%
42
46%
S3
+ 2*
49% + IV
105%!+ %
162% I + 1
? %
? %
5000 Allis Chalmers
800 Allis Chal pf..
300 Am Ag ("hem.
100 Aui Ag Ch pf.
200 Am Bank N...
1000 Am Beet Sug.
1100 Am Bosch M..
2700 Am Br S & F.
11400 Am Can
600 Am Can pf...
300 Am Car & P..
1900 Am Chicle
200!Am Cotton 0(1
i.00!Am Druff Syn.
3300; Am Express .
4001 Am II & L pf. 6D%, 69% 69 1 69
5001 Am Ice 103 1103 107 % i 107%!?
1001 Am Ice pf S0%l 80% 80%i 80%l
2100' Am Inf. Corp.. 45%i 46% 45% 46 j +
700'Am lA F V E. 18% I 12%! 12 ! 12
COO!Am L>in3?ed ..j 33%! 33%: 33% 33%'?
!0001 Am I.O'-O 11681117% 115% 116%| +
42001Am Saf Razor! 7%| 7%I 7% 7%!?
6900 Am i>hlp & C.! 17% I 18%| 17% 18 | +
2300:Am Hm ? Ref. 57%] 58%! 57% 58%| +
700!Am S&R pf..l 97%! 97%j 97% 97%! ?
100!Am gm Hoc Aj 92^; 92 %! 92% 92% +
%
274
%
400!Am Snuff 134%il34%!l34%|134%
90001 Am Steel F...I 38%
5400lAm Sugar ...,| 73%
300|Am Sugar pf..t 100
39%! 38%I 39
76% I 75% | 76%
'* 1100
100
!100
I 17001 Am Sum Tob.| 34%! 36%l 34%| 34%
j 5400 Am Tel & Tel. 122% 123% 122%|123%
| 2400 Am Tobacco .|140%|141%|140%|141
2200 Am Tobacco B 137%!l37%ll36% 137
! 100 A.m T pf new.; 100% 1100% i 100% 1100%
I 200 AWW&E6*. pf| 31%; 31%| 31%! 31%
3800!Am Woolen ..] 92%' 93%| 92% 93%
200'Am Woolen pfl105%|l05% 105%|105%
300!Am Writ P pf 34%
2200 Am X. L, & S.. 16%
400! Am Z, I.&S pf 41%
6500 Anaconda .... 53%
3400 Ann Arbor pf. 49%
100!As D G 2d pf..! 82%
3100! Atch, T & S F.I 101%
300,A. T & S F pf.1 91%
63001At. Birm & All! 4%
SOO.Atlantic C L..
5800tAtlantic Fruit.
SjAtlantic Ref..
200!Atlas Tack ...
3000'A, Gulf & W I.
1400[Austin Nichols
100 Austin Nich pf
100 Autosales ....
21600!Baldwin Loco.
100'Baldwin Lo pf.
6900;Balt & Ohio...
4001 Bait & Ohio pf
900
15200
2900
Barnet Leath.
Barnedall A...
Barnsdall B...
3400jBatopilas ....
6001 Beth Steel....
300'Beth S 7 pc pf
300!Beth S 8 pc pf
56001 Beth Steel B..
200jBooth Fish
100 Brooklyn Ed
101%
4%
9S5
19%
32%
24%
84%
4%
116%
110
49
61
48
52
35%
t
75%
35
17%
42%
54
50%
82%
101%
91%
4%
102%
4%
985
19%
33%
24%
84%
4%
118%
UO
49%
61
50%
53%
36
1
75%
34%| 35
16 %
41%
53 >4
49%
82%
101%
91%
4
101%
4%
985
19
32%
24%
84%
4%
116%
110
?18%
60%
W
51%
35
1
17%
42%
53%
50%
82%
101%
91%
4%
101%
4%
985
19
33
24%
84%
4%
118
110
48%
61
50%
53%
35%
1
+ 5%
%
99%'100
74%! 74%
99% 100
500lBrit E S 2d pf.' 26%
3200 Brook Ed rts..| 1%
3200! Brooklyn R T.
300! B R T ctfs....
2500; Brook Un Gas
112% 112% 112% 112%
78%| 79%: 78% 79%
6% I 61,* 6%| 6'i
;105%!105%|105%}105%
23%
20%
98%
59 %
13U
40%
98%
28%
6% 1
28% I 30%
13%| 13%
78 | 78
56 ! 56
96%
1%
23%
20%
103
59%
132%
41%
98%
28%
26%
' 1%
22%
20
98%
59%
130
40%
98%
28
6%
28%
13%
77%
56
96%! 96%
7%; 7
58 58
80
76 I
63 j
9 I
24% I 26% ! 24%
45%I 47%! 45%
8%' 8%! 8%
20 Buff. R & Pitts
5500 Burns Bros ...
1400 Burns Bros B.
100 Burns Brou^pf.
690 Butteriok ....
2100 Butte Cop & Z.
9990!Butte & >Sup..
400 Caddo v.' OA R
lOOICal Packing...
600 CaI Petrol .... 56 56 I
100;Ca! Petrol pf..
7100l('allahan Z&L] 7
100falumet & Ar.| f)S
2600 Canadian Pac. |l43% [144
500|Cas<; (Jl) PW| 5% 5%
100!Case T M pf.. SO | 80
IfloojCen leather . 38 ! 38%
100|Cen Leath pf.| 72%! 72%
2400'Cfrro do Pas.. I 36%! 37%! 36%
100 Certain-teed .. 44% 44%' 44%
4300 Chandler Mot.: 76 I 77 ! 76
700 Chew & Ohio..! 63 ' 65% 65
100 Chi & Alton. ..1
11700 Chi &? East 111.
3700 Chi ^ E III pf.|
400 Chi Gt West. .I
SOOiChi CIt W pf..; 22%; 22%l 22%
4200{Clil, M & St P-! 2S%: 20 28
1900|r\ M & St Ppfl 46%! 46%j 46
2300'' 'hi * N W...I 76 ; 76% 75%
500Chi & N W pf. 110 ! 110 |110
lOOlChi Pneu Tool 67% e7Vi 67%
6800 Chi. R I & P..
200IC.RI&P 6pc pf
IOOiC.RIA!-P 7pc pfl
1827|C, St P, M & O
600 C.SP.M & O pf 92%
14500 it'hile Copper.. IH'4
1300IChino Copper.! 28%
100|C,C,C & SI j pf.! 90
lOOlClueJt. P & Col 53 I 53 I 53
Il600|f'ora-Cola ....I 54%) 36% i 54
300 Col Fuel & Ir.! 32 ! 32 1 32
900!Col & South...! 50%; 50%| 30%
76001Col Gas & EI.I 84
7700|Colum Graph.) 3"
800!Col Graph pf.. 16'
5900|Conip Tab R..I 78:
8300!ConsoI Gas . . .1171,
27700'Consol Textile.; 14
200;Consol Distrlb.; 7i
8001 Con t Can ! 65
lOOICont Insur ...; 72
55001Corn I*rod Ref 103%I104%!103
6300'Co^den & Oo..| 41%l 41%! 41%
2400!< 'ruclble Steel.! 64% 65 ! 61%
.100 Crucible St pf.| 87Vi 87%! 87%
2700jCub Am Sug..! 22% 23% 22%
tiOOICub Am S pf.! 91 I 94 | 94
2000[Cuba C Sugar.l 16%
1200]Cuba C S pf..l 85'i
4200 Davison Clien
lOOlDel *: lIudHon.
2oo;Doi, i, & w.stiin:
100'De troit I'al Co. 107
27
1%
22%
20
102%
59%k<.
132%
40%
98%
28
%
1%
? %
+ 1
+ 1
+ %
+
+ 2%
+ 2%
? %
? %
- 1%
4- 1%
+ %
+
%
%
+ 4%
2%
47% 48 | 47%
82V 82% 82%
95% 95%! 95%
64%! b4% i 63%
92%
19%
29
90
+
+
+ 1%
~ %
+
30%|+ 2%
13 % ? %
77%;+ "%
56 !? %
96%; ..
7%;+ %
58 ? 1
143 + %
3%|? %
80 !+- 1
37%; 38%I + %
2% 72%|? %
37% I f 1%
44%|? %
76% | + %
65% + %
9
26
47
?%
22%
28%
46 | +
76 !
110 ]
67 % i ?
47%!
82% +
95% !
64 U I ?
93 !
19%! +
+ 1%
+ 1%
%
18%
28JsI 29
90' 1 90
I
't
?%
14%
%
66
7
83%
3%
16
77
117
13
'. rt
65
72
53
56%
32
50%
84%
3%
16%
77%
+ %
+ 3
? 2%
+ 2%
16%! 16%
35% | 34%
64 ] 62%
i%!121% 121%
116
'107
14
%
66
72
103%
41%
64%
87% I?
22%
94
16% >
34%! ?
62%
121% -
%
1
%
%
1%
%
? %
27%
4%
9
770 J 770
172 172
6% 7
86
UO
1300|Domi Mine*, - j 87%) 27%
200 Dill. S S & Atl I 4%! 4%
200 D. H S & AH pfl 9 j 9
50|East Kodak -.'770 770
300!Elcc Stor Bat. 173% <173%
."?OOlF'mer Brant,..! 6%' 7
800:End Johnson.. 86%| 86%
SOOlEnd John pf.. 110 ! 110
3300 Erie
4100'Erie 1st pf.
2000! Erie 2d pf
1000'Pam Play-La*
200]Fed.M & S pf.
200(*Fisher Body..
100!Fisher B O pf.
1700 Fink Rubber..
700,Freeport Tex.. I6%t)16% 16%
130()!r,us. W & Wig %!f S %
700 Gen Am T C.. 60 60% fiO
2000 ('.en Asphalt., f.3% 63% 68%
18001Gen Cigar .... 75% 76
115%; 115%
107 |107 j
7% +
4% ?
13% 13% 1W
23% 23
16 15%
81 %l 81%
40 40
124 121
96 j 96
18%| 18
23%
16
81%
40
124
90
18%
? 1%
800 Gen Electric.. 168% 164
^62400'Gen Motors
100[Gen Mot deb..
300 O M d pf 7 pc.
700 Goodrich .....
200 Goodrich pf...
800 Granby rts....
1400 Great Nor pf.
900 Great. Nor Ore
1700 Greeno Can C.
1200 Guan Sugar...
2600 Gulf, M ti. Nor.
1700(Gulf, M*Npf
18100 Gulf States H.
500 Habirclmw EC
400|Hendae Mfg ..
800 Homcstake ...
11400!Hupp Motor ..
500(1 lydraul Si eel.
5001 Houston (Ml ..|
500!Illinois Cent..|
3001 Indlnhoma ...
100:Indian Ref ...|
1000
1800
IP 00
400
18%
79%
93% !
41%
90%
75%|
42
29%
13%
S I
18%
79%
94
41%
163% 164
12%
79%
98%
41%
90%! 90V
% i %!
86
110
13%
23
15%
81%
40
124
96
18%
16%] ?
% +
60% +
63% | +
76 1 +
+
13 | +
?%
94 ?
41%! +
? %
%
2%
%
%
76
42%;
31%
12%
16 I
38%
86%:
2%! 2%|
is % | 19%;
73% 74 I
41%
29%:
12 I
13%|
34%
83%
L",!
Inspiration C.
lAterboro C ..
Interboro (' pf
Int Cement
1
7% |
78%!
108 !
4% |
6%!
41 I
3%:
9% I
34 1
18%;
7%
79 Vs.
108
4%;
6%
417*1
8%
9%
34 !
72%! 74
17 ' 18%
7\ 7%
7s % I 79
90% + %
'41 ..
75% I + %
42 + %
81 + 1%
12%j+ %
16% + 3
38%!+ 41^
84% + 2
2% + %
19 I? 1
%
1%
107
4%
6%;
41
3%
9
84
98 79%' 95% 96%
110%!l05%il09%!l!2
21 \ 13V 19%| 20
84%' 6*!%i ^3 1 83%
19 | 1'%j iS%| 18%
52 ! 43% 48 | 48%
:o%! 18*41 >8%: 18%
700! Int Comb Kng1 2ti%! 26%
107 ! ?
4%
6% ?
41%! +
8%
9%
34 ?
x5! 200ilnt Hfirv Co..] 95%
200! Int Hitrr pf.
2200;Int Mer Mar..
1300!Int Mer M pf.
24100! Int Nickel ...
19001 Int I*aper ....
n^oo'invlnclb'e nil.
108%
20%
83%
17%
48
I "r ,
96
108%
20%
83%
19
48%
18%
26% i 26%
96% I 96
108%;i08%
20
83
17%
48
18%
20
83
18%
48%
18%
1
%
1%
+ 1
+ 1
? %
1%
1%
Year to dato
tWJ 3 r-Clo?tli?.?, ! fjtv.i I
Hit'll-1 Low. 1 Bid. | Ask. Sales. !
3524 30 31 >41 ..|
3 . % % %: ..
21% 10 20% 21 I
4214 34% 42% 42^1 . .|
7% 4%!- 5% 6%l ..I
28% 22 27% 27%I ,.|
68%! 52% 5!) i 69% I 4'
PS "1 I 93 ; 95 i 8'
?19% "4%i 4i%! 49 | ..|
lv)l%, 90% 100 :10] % I 8
ill ! 91 1106%! 107% I ..
32% I 25%; 32 ! 32%I ..
19% 15%! 19 1 lD%i ..
17 \ 110 141 {143% I 6
-.6%! 4 J ! 54%i 05%I ..
lOuilron Product*.
2700!Island Oil & T
400! Jewel Tea
3700iJones Bros T..
4001 Kan ft Gulf...
21001 Kan City So..
300!Kan C So pf..
lOKayser ft <'o..
1922. 1921. 1*20.
78.794.489 50,410,29^ 82,418.039
[Op.n- 1 iriBh-1 Low -1 Net
I ing. 1 ml. I ?wt. | IPS- ICh'nyi.
31 I 31
% I %
20%! 20%
41%! 42%
5%| 5%
27% I 28
58 I 58%
93 ! 93
bo !
17% ;
34
23% 2
152 V. ' 3 U1
04%! 42 i 05%
18 ! 10 i. 16%
34%i 36%! 33
35%; 26% | 33%
0"% 56;)g | >j2%
315 91 1112% IIS , .
116 '107% ;112 ,115 ! 7
ia%! 11 i 17%! 18 ;
18% 9 12%; 12%: 1
;>l I 36 1 19 i 49%i ..
153%ll47% ; 140%} 150 I 12
115 j 109 j 107 Il12%! 7
115%! 108 !113% jll9%( 7
i% 25%: 42%' 42%
31
%l
20%
41%j
??;?
37% i
58 !
93 I
48%
31 1 +
%' ?
20%! +
42%
5%
27%
58%
93
48%
2300lKeilv Spr Tire* 48%! 49 H
100'Kel ST 8po pf'101%,101% 101%|101%
300 HI
tvei r> 1 opv i?i iui iiivj 75} >v* /si,v*
Kelsi-y Wheel.'106%'107 :i06%!107
Kenneeott ... 31%) 32%i 31^' 32%
Koy Tiro & R. 19%I 19%! 19 ! 19
Kresge <S S).!l44 144 ]143%!144
3900
1500
400
16001 Lack Steel ...I 54%
700;Lacledo Gas ,.| 64%
200!Li K & West.. 17%
700 |L E & W pf.. 33
400:Rub ft T. .1 33%
55%'
65%
17%J
34 1
33%
64%
64%
17%
33
33%
65%
66%
17%
34
33%
3% 2400i Lehigh Valley. 62%! 63%] 62% 62%
700|Lima Loco ... 113 |113% H12%!112% + %
100Us & 31 T pf.!ll2% 112%'112%|112% ? ?<>
2900!Loews Inc ...! 17%' IS 17%! 17% -r V;
+ 1%
+ %
1
%
2%
%
%
200!Loft Inc ! 13 ; 13
120l>'Looso Wiles Bi 4*%' 49%
1000:Lorillard. P ..'152% 152%
100! Lorillard, P pf 112 j 112
LOO' Louis & Nash. 1119% 119%
84 1
7 S
t*!>
04%
23%
52
t>0
49%
65
43%
32
P7
34
29
34%,
6S 59%
21%! 11
120% i 101
21%1 13%
135%
oa
-0%
16
36%
12%
18
16%
8%
9
14%
68% 83 , 83%
73%! 77% I 79 1
72 ! 90 I 91 ;
57 ? 63 ? 64%;
15% "21 I 21 % I
30% ! 45 f 48
73%| 71 ! 70 '
33 ! 49%
62%
39%
28
63%
29%
29
28%
67%
20%
119
18%
132%
89
7!
41
32
5%
35
20%
23%
106%
79%
25%
11%
27%
49%; 7
64 4:
40 :i%!
29%
64
29%
30 I ..
29%! ..
67%. ..
20% ..
ii9%; s
19 1
132%! 12
92 ! 8
13400).Mack Tr Inc.
3000 Mack Tr T 1 pf;
1400 i Mack Tr I 2 pf
500:Ma. kay Cos...!
lOOlMackay Ccwpfi
700 Mallinson & Co
lOOlilanari Su*ar.
lOOiManati Su? pf
9700!Man Klo Guar
6700iMan Elec S...
lOOt^Manhat Shirt.
40%! 43%
81 1 84
5%| 78
12% 12% ? %
48%! 49%
150 1150
112 112
119%'ll9%
40%! 42%
81 1 84
5%. 78
89%J 89% 89% 89% +
Kali. I fiSl- esu' 63V. ?
63%' 63% 63%[ 63%)
' 21%:
n
? 1%
? %
+ 1%
4- 2%
4- 3
+ 2%
%
%
21%
47
74%
49
58%
21%!
47
7 ;? i :
49%
65
21%
47
74%
48%
58%
IdOIMkt S R 2d pf. 29%
lfOOlMkt S R pr pf. 64%
40%] 40%' 39%
500! Mart-Pariy
SOO'Marland Oil
lOOMathieson AW
8400 Mux Motor A.
3900' Max Motor B
1 n-.
30 j 29
65% 63%
-< '??
29%
67%
20%
29
27%
29%
67%
800 Mays Dept St.!ll8 ,
3400 Melntyre Por.J 18% 19%! 18%
29% 29% i 2|
10%
10%r 16ai
V 7%
1 % | S%
7% 14
14%! 15
35%! 35%
U %! 11%
17%: is%
;7% 24 %j 37
25% 16 24% I
59%! 43%! 59
Tr: 1/ ! a ? ?7A1
17%
8
12
14%
37%
24%
69
1.20
<i>%| 63 ; 70% 71
105% 1100% 1-104
29%
I 28
! 29%
i 68
! 20% I 20%
jll9%|118
106001Mex Petrol . .*132% ! 132% 131%
100 Mex Petrol pf. 90%! 90%! 90%
S00iMiami Copper.
6300 .Mid States Oil.
110001 Mid vale S ft O
3100! M & St L new.
200 M, K & T war.
200IM.K&T war pf
100 M, K ft T '
200 M. K & T pf. .|
13000!M. K & T vr i.l
?iOOM.K&T pf w li
4!00 Mo Pad ft j !
4200.Mo Pacific pf.j
300'Mont Power..
29 %| 29%]
14%; 15%
34%j 36
11% 12
17% 17%1
17 ] 17 I
7%
8%
14
37
24
58%
:o%
29 %
14%
34%
11%
17%
17
8%
14%
37
24%
59%
70%
21%! 12
16%l 10%
145 1123%
4% I 1
43%! 30%
94% I 85
16 i 7
6% I 3
21% 21%
15% 16 I
143 145 !
100!Mont Pow pf..] 104 |104
5i00 Mont W & Co: 21%! 21%
37 |
92% i
13 I
6
3% j
37%!
93 I
14%!
6%;
Jo0!Xat Acme
400! Nat Biscuit
200!Nat C & Cable
2000 Nat En & St..
500! Nat Lead
. 15%
141%
3%
36%
93%
1OO0 NRU of M 1pT 13%
18%! 13%! 17% | 17%;
69 ! 54%j 68 ' 69 '
92% 72%! 91%' II %
68 i 51%' 67% 67%
73 1 61%! 72 j 72%
35% 28 35%! 35%
59% | 53% 59% I 59%
24%' 12% 23%! 24
30%! 19% 27%! 28
107%! 96% 106% '107
60% I 44% 69 | 59%
43%! 38 42 I 42%
8%| 3% 7% i 7% j
82% 74% 77%! 77%
36%i 20% 30% 32
12%! 9%. 10%; 12
14%! IT 12% 13
3 I 2% 2%! 2%)
9%! 4% 7% I 8 I
20%; 12% 18%l 18% 1
143% 116 138 1140 I
16%l 9% 11%! 15%!
38 ! 24%! :,6%i 36% |
13%j 6%; n%' 11%!
70% 62% I 69% I 70 !
60 44% I 58% 58%!
06% | f8?i| 64%! 64%'
59%I 44 57 1 57%
12 ; 7% 7%] 7%
17 ! 11%' 14%! 14%
95% 90% 96 ! 97
43 ! 33 % I 41%! 41%
11 %l 6% 10%! 10%
87 ' 59% 8?%! 87
31 j 19 30% 30%
50%! 67 | 6x
63 I 75 1 76%
31%! 38% j 39
28%! 38% 38%
16
145
3%
37%
93%
10 I
6%!
5!
!%'
5
2!
7i
x5i
I ..I
9000iNRK of M 2pf 6
1100; Nevada Con C 17V
700|N Orl, T & M. 69
4400 X Y Central.. 92%
400!N V. C fc St L 67V;
900 NY.C&SL 2 pr. 71
4S00LN* Y Do.;!; I 33%
1000IN Y Dock pi..! 58%
8900!N Y. N H & II! 24
1200 N Y, <>nt & w: 27%
3700!Norf & West..! 106%
17900INorth Am Co. 58%' 59%
23001North Am pf-l 42%I 42%
1400 J North Am rts. 7% 7%
1000|Nor l^acitlo ... 77%! 77%
100iNova S S & C.I 30%!
100iNunnally 11% I
200'01iio B & B Co 12%l
1800]0kla P & Ref. 2%I
200!Ontario Silver. 7%!
?00 0rpli Circuit
8%
13%
30%
24
68
70%
104
21%
15%
141%
3%
36%
92%
13%
6
17%| 17%
69
92%
68
73
35%
59%
24%
28
107%
47
74%
49%
64
39%
29
63% ?
29%;
27%;?
29% ?
67%| +
20% +
119% +
19 +
132% +
90% I?
29%!
15
35%: +
11%
17%
17
7%
8%
14
36%
24%
59%
70%
104
21%
16
145
3%
37%
93
16
6%! +
17%
69
91%
67%
72%
35%
+ 2
? %
%
n
'%
%
%
%
1%
o%
1%
+ %
+ 4
+ 1
1
+ 4
81 12001 Otis Elevator. 137 ;i40
69
91%
66%
71
33%
58%' 59
23% I 24
27%! 27%
106% 107 +
58% 59 +
42%I 42%
7% 7%;+
77% 77%! +
30% 30%' 30%! ?
11%l 11% 11%! +
12%! 12% I 12% ?
2% 2% i 2%! ?
7%i 7%! 7%?
18%] 18%! 18%! 18%!
? %
% I
- '/?
2%
67 %
76%
40
?9%
23%
49
12
63%
71%
109
13%
27%
7
58%
65%
110.5%
34% 1 23
86 j 76
19% 14',
83 1 43
31% 24
90 1 66
23 i 23%
46%! V
9%
60%
70
108
34
86
18
82
29%
61
70% 5
109 : 8
34% ; ..
88 ! 6
is%;i%
82% ..
30 I ..
400!0tis Steel I 14%! 15
600!Ow<mik Bottle.! 36%! 36%! 36%
8100]Pacific Dovel..! 10%| 11%! 10%
800 Pac Glut & El.] 70%! 70% j 69%
9100lPaeitU: Oil ...I 58%I 58% 58%
3800' Pan Am Pit T 64 I 64%; 63%
600|Pan A 1' *. TBI 57%! 57%! 56%
IOOO:Pan'dle !' & Rl 8 8%| 7%
400! Par & Bin*...! 14 *4 I 1?%; 14%
100|Pentiey (.lOpfl 95% i 95% I 9o'?
4600 Penn R R 4l%! 42 1 41%
10400' Pen 11 Se.ib St.1 10%! J0%] 10
2300! Peoples Gas ..
39<W) Pere Marq ?..
400jPerc Mar,| pf.
100,Pere M pr pf..
700,Phila Co
700'Phillips petrol.
4200 PlercM; Arrow..
2000;Pier?'e Ar pf..
lSOO^'ierfi- (Ml ....
1300'Pltts Coal of P
9600! Po.?tum Cereal
1137 !139%] +
I 14% | 14% I ?
85% I 87
30 31
67 67%
76%; 76^
38% I 38%
38% 3S%
:%
46%'
9%1
60 !
68 '
2900iPostum <' pf..'lo;
127% ,105%; 126%! 126%
43%' 30% 39%: 40
8%! 29%] 33%; 33%
102% 99 j 102
103% 94 101
17 13%! t?%
80%
41
1%
8%
58%
87%
47
66
14%
31%
32%
47%
6%
10
14%
'%
71% 77%
25% 33%
4%
46%
74 ]
43
7
55%
81
47%
102%
103
16%
77%
33%
*7%
56
81%
47%
7100' Pitt* & W Va.
400; Pitts it W V pf
600' Pond Cr Coal..
700!Press S'e?-i C..
2800!Prod & Ref
10600 tPub Ser N J.
100|P Serv N J rts %] %
7900!Pullman 124%jl27%
600jPunta A1 Sug.l 39% ] 40%
2200]Pure Oil 33% 34%
33%
85
18%
82
30%
89%
23%;
47%
9%
61%'
7l%|
109 I
34%
86 i
18%!
82% i
31%
?5%
30
67
76%
38
38%
22%
46%
9%
60
68
107
33%
85
18
82
29%
36 %!?
11 %' .
69%! .
68%! +
64 % ] +
67% +
7%!?
14%| .
95% +
41% I?
10%' ?
87 1 +
30%] +
67%' +
76% j
38% ?
3?%( +
23 1 +
46% 1?
9%' +
% !
89%! 88
200iPure Oil pf....'102% 102% 402% ! 102%
46% I 63 I 63% 15.20
12%
20%
20%
32%
1%
2%
14% 14%
30% 30%
31% 32%
47%! 47%
4% 6
8% 8%
3% j 12% 13
59%' 76%! 76%!
-'3%) 10%; 13% 14 I
9'. 7% 9% 9%
56%| 18% 32%I 33 (
46%l 34% 43%! 44
91 % | 78 | 91
25% 17% 24%
57%I- 45% 56%
184 169 |178
115%|113%!114%
109 I 91% 106%
81 %| fS 80%
42%
69%
123%
109%
7
6%
5
6%
12%
48%
91%] 6
56%]
178%!
114% ]
107%
82
41%
56%
4%, 11
35%! 56
78% 1123 % 1123%
100 | ICS % ] 100
3%I 6%; 6%
3% 5% 6
3%! 3% 4
1% 2%I 3
9%; 11% I 12
42 ! 46% 49%
46% I 41% - 42 42% if2%
30%' 23 1 28%; 28%i li
36 ! 24%! 35%; 35% I ..
415 !31S 350 !420 | ..|
24 I 14 ' 21%! 22 ..
135 1109% 1130 1133 I ..
71 % j 57%] 69 1 69%] %?
32 | 15 | 32 I 33 ..
44%' 27 1 44%' 45 I ..
13%! 7%' 11%, i2 | ..j
71%; 55 | 63 ' 65 1 6
22 I 17% | 21 % | 21%! ..I
140% 1125 1138% ! 139%| 10|
76%| 71%I 76 | 79 | 4|
500!Ry Steel Spr.. 102%
2900 Rav Con Cop..] 16%
1400;Reading 78%
600 Replogle Steel.! 33
200]Replo?le S rts| 1%
900 Rep Motor Tr. 7
1500!Rep Iron & St. 55%
200]Rep lr & St pf 81%
7600;Reynolds TobB 47%
22001 Royal D N Y.. 63%
900;St Jos I>ead... 14%
3200 St L # Kan F. 30%
29001 St Louis S W. 31%
3400!St L S W pf.. 48
900 Sun Cec Sugar 5
1200]Scab Air Line. 8%
lOO Seab Air L pf. 12%
lrtoO Sears Roebuck 77
500 S?neca Copper] 13%
700;Shattnck Ariz. 9%
25900[sinclair Cons.. I 32%
200 H|os?-Sh S * 1 44
6800!Southem Pac. 91%
S800|Southern Ry.. 25%
1400'SoiHh lly pf.. 57%
1735]Ht Oil of N J..J 178
500 St O of N .1 pf 114%
3700|St Oil of Calif. 107%
8001 Steel & T pf.. 79%
1200 Stew War Sp. 41
1300 Strom Carbur. 56
70100lStudebaker ... 121%
200iStiidebaker pf. 109%
3700|Submar Boat. 6%
400 Superlor <Jll .. 5%
2200|Sweet? Co Am 3%|
lOO Tem C ft F A. 2%
490? Tenn Op ft C 11%|
96?0 Texas'Co 45%]
1400 Tex Gulf Sulp 41 % I
3000!Tex P C ft Oil. 28%]
9200!T? xas ft Pac.. 35%
2iTe* Pac L T.. 380
800|Thlr<l Avenue.; 21%
? 400 Tide Wat Oil..; 129
103%
16%
78%
33
1%
7%
56%
81%
48%
63%
14%
31
32%
47%
5%
8%
12%
77
14
9%
33
44
91%
25%
57%
180
114%
108%
81%
41%
66%
123%
109%
?%
5%
3%
2%
12%
46%
42%
28%
36
380
61
70
108%
34%
86
18
82%
30
89%
124% 126%
39% 40%
33%! 33%
102% 103%
16%] 16%
77% 77%
32%' 32%
1%
%
? %
+ %
+ 2
+ %
+"%
+ 1%
? %
? %
7
55%
81%
47%
63
14%
30%
31
45%
6
8%
12%
76%
13%
9%
32%
43%
91
24%j 25
57 57
177 % j 178
114 % 1114%
10614 1106%
79%! 81%
40%, 41%
56%] 56%
120% 1123%
1% ?
7% +
55%
81%
47%
63
14%
30%
32%
47%
5%
8%
12%
76%
14
9%
33
43%
91
+ %
? %
+ %
+ %
+ 1%
+ 1%
+ %
21% 21% 21%
133 1129 jl 33
+
1700|Totocco~Prod.!t 69%]'?9%j*69 | 69% + %
- --- ? ? j, J :l2 |+ m
44%j 44% + 1%
n%; 12 1+ %
63 I 65%! + 1%
21 HI 21 %| + %
7' < l .SLAW ctfaB
200|T.SL*W| 1 fB
6300 Tranwnn Oil..!
lOOOKTn Bag ft Pap
10800'i;nlon Oil H
M
148
14%
18 %
36%
56%
3S%
10%
49%
67
67%
33%
(119% 1143%
14.i
7%
20%
43%
16%
2%
37
17'/<
33
33%
144
17%
33%
36 36%
4%; 4%
, 47%^ 48%,
55%' 66 I 66%! ..
I 51%' 65% | ?5fc ! ..
106 ; 93 101% 103% | 8
41 I 32%: 40 I 40%] ..
47 I 42%! 45 ! 46 |3%
100%i S2 1 f.9%1 99%' 5
118%'114%!118%l18%i 7
68 I 60%! 66%i 67 2
17%; 9% 16%] 16%f ..
45 30% 43 43% I ..
36%| 27% 34%' 35
94%' 43 48 i 50 ..
13 ! 6% 1?%l 1!! % I ..
10% ('. I" ..
31 ' 3
44% 1 44%
11% 12%
63 I 65 %
21%| 22 ???????
1000JUnion PacHlc. i:t8%|U9%;i38%il??%|+ %
2C0|l'nlon Pac pf.l 76% 1 76%I 76%! 76%|+ %
300(1 "n Alloy Steel) 33%| 34 I 3J%| 34 |+ 1 ?,
300;iTnlt??d Fruit.. 143% 144 '1 *S %' 144 |+ 1
lOOlUn PJiper Bd. | 14%| 14%' Il%l 14%I ..
? 18% I 18% 17%! 17% - %
33%; 33% 33%] 33%!+ %
49%! 50% 49% 50%!+ 1%
36%! 36%! 36 j 36 |? %
4%| 4%'
48%! 49
700'Un Ry Invest.
200'l'n Ry Inv pf.
10.-.00 rnit Retafl st
16oonr s C I p ft F
400'tT S Pood Pr..
2000 tT S Ind Al?'0.
1400 IT S It ft Imp.1 66%' 66%
200011* S Rubber...' 65%| 66
30o U S Rub 1 pf. ;i03%'|03%
2900 C S M, R ft M.i 40 41
IOO USS.P. & M pf 45% 45%
18400 (I S St "el I 98% 99%
900 1' S Steel pf..]11* !118%|H8
2l00li;tah Copper..
300 1'tsh Srnir ..
3900] Vnnadlun
600;\'a-Car Chcm.
100! Vn lr. C ft C..
2600 Vlvaudou
700 VVubrtsh
% 67
16 ?i 16%
13 ! 43%
34 34%
49 I 49
17%! 17% -
33%] 33%! +
49%' 60%! +
: 36 | 36 I ?
1 4%| 4%' .
I 48 48 I ?
66%' 66%! +
65%) 65% 4
103% 103% I +
40 40% I +
; 45%! 45% +
I 98%! 99%! 4
118 % | +
67 +
65%
16%!
42%;
34
49
12% 12%' 12%
3%' ?" ~"
0 t
9%'
1*?% |?
43% ?
34%,+
49 ?
12% ?
9%f +
GOSSIP OF WALL STREET.
Merger Aniiuunctiuruta Soon.
Details of the proposed consolidation!
of the Cuban-American Sugar Conipanj
with the National Sugar Refining Coin
| pan> and the Pierce-Arrow Motor Cai
?"<" my with the Lafayette Motoi
1 any aro expected to be made pub
H> xt week. It was believed tha'
both nwrgers would be announced ir
complete detail before the end of thii
week, but officials of the consolidating
concerns said yesterday that it woulc
bw impossible to give out anything 01
the plana until next. week. In the cas?
of the sugar properties, it was said thai
possibly a fortnight mignt elapse befo.v
; there would be anything new to an
| nounce. That the two mergers would
I go through has been assured, and th<
reason for th< delay in making detallec
| announcement j is understood to be the
j time necessary for smoothing out vari
I ous small difficulties, largely technical,
Pittsburgh Coal Stronger.
There was better demand for the
Pittsburgh Coal Company's shares yes
terday than at any time since the be
ginning of the coal strike. Most of thai
buying was based on reports that non
union miners are beginning to go bach
to work and that the backbone of the
strike will have been broken in a fe?
days if the rate of return continues as
great. Certain brokerage houses had
advices from the coal district that non
union workmen were returning to their
lobs in increasingly large numbers and
that by the end of another week, if the
returns continue at the same rate,
many closed non-union mines would be
operating at a very respectable per
centage of capacity.
Idle Freight Cara Increase.
The diminished demand for coal can
?HnZ7?fnt \he coal 8trlke <? re
riected in the latest surplus freight
car report of the American Railwaj
Association a car service division. Idle
freight cars of all Classen on April 8,
a week after the beginning of th<
walkout, were 4J0.5W. an increase ol
a-,850 compared with the number idle
on March 31. Of that total 259,605 were
in serviceable condition and the re
maining 160.941 in need of repair.!. Sur
plus coal ears were 122.259, or 49,793 more
!fan ? number reported idle on March
<>?? Idle box cars increased 3.!W to
W.393.
Money Continued B?*r,
Rates in yesterday's money market
virtually were unchanged from those ot
Thursday. Call money opened and re
newed at SV4 per cent, and was un
changed throughout the day Outside
of the New York Stock Exchange call
loans were arranged at 3 per cent.
Time money was available at 4^; per
cent, and it was reported that thirty
flay loans were made at 4 per cent. A
good demand for prime commercial
paper at 4V? per cent, continued.
Rail Wave Decision.
Local railroad officials received wltli
interost the news that Albert Phillips,
labor member of the Railroad Labor
Board, had asked President Harding tc
reconsider his recently submitted resig
nation on account of a favorable turn
in his health. It Is now unedrstood
that Mr. Phillips will resume his duties
early in May, probably In time for him
to cast his vote on the pending appli
cation of carriers for a general 1(1
per cent, wage decrease. Announce
ment of the decision is expected around
June 1. Tho conjecture of certain
authorities is that the board will grani
an average wage cut of 6 or 7 per
cent., which would lop off approxi
mately I2J6.000.000 or *250,000.000 from
[ the roads" annual payroll.
Anaconda Copper Mining.
! Strength in the shares of the. Ana.
| conda Copper Mining Company > esterdaj
was the result of buying by lntarust!
I which place credence in reports dial
' dividends are to bo resumed in July
It was said that the rule at which
I copper has been sold has so cut down
the surplus and placed tho producing
| companies so much nearer a good earn
ings basis that tiie Anaconda director!!
feci that they will be safe In resuming
the payment of distributions to stock
holders. Interests Identified with the
company decline to discuss the question
of dividends at this time.
Equipment .Stocks Again Strong.
Equipment stocks continued yesterday
to be favorites with buyers and. with
Pullman in the lead, advanced substan
tially on the day. Pullman made a new
high at 127*?, following the circulation
of rurnow of Increased dividends, extra
dividends. Ac. American Car and Koun
dry was another of that group to make
a sizeable gain In the day s trading. On
light trading. It advanced a point tc
16-1 a- Baldwin Locomotive got up to
118;,i. The big buying of equipment by
rsJlroad companies, which has l>een
going on for several weeks, was aug
mented yesterday when it became known
that the Chesapeake and Ohio and the
Baltimore and Ohio had placed substan
tial orders, the latter with the Pullman
Company.
Remington Typewriter Contest.
The battle for control of tho Reming
ton Typewriter management may b?
stretched through many weeKs. * Ths
Supreme Court In L'tlca Is scheduled
to decide to-day whether or not the
8,500 shares of stock represented by vot
ing trust certificates can be voted by
tbe Independent interests. If they can
be voted, the margin between the inde
pendent and regular vote will be so
close as to make probable a contest
over certain proxies voted by the man
agement. The drive for proxies before
the lllon meelng uan so brisk that. It
Is understood, many votes given to ons
side or the other were changed without
adequate record of the changes being
made. The result of the election hinges
?.n tho court decision. It Is likely that
if the voting trust certificates bo ruled
out the majority for the management
will carry tho election without addi
tional action by the Independents.
PIERCK-ARRO W IMPROVES.
The Pierce-Arrow Motor Car Company
is another automobile company, the
business of which In the first quarter of
1922 showed a dlstnlct Improvement,
compared with thst of the first throe
months of 1921. The company reports
a loss of $35,238 after charges, deprecia
tion and taxes, as contrasted with a
deficit of HW.MK In the first quarter
of 1*21. Operating Income totaled
075, against 1180,194.
1?-s r-Cloifng.-?, |Dlv.| I
High.I I I Hid. | A?h. In| .; Ssles. (
214*, I 19%| 2 2%
21 % 12% 21
14S 10*4 j 14
85 66<*| 79
11% 8% 11%
20% 13 | 19%
24% 13% 14
67% fil%l <3%
8# ! 98%
64 I 49%; 62%
71 I 55 70*
10% ti : 10H
21% 12% 21
19 26 ! 48%
11% 7%: d%
1-200 ..
16%! 13 16%
?% 4%' 8%
44% 24 40
? 44 27%: 43
119 117 118
54% 43% 52%
?Exdlv. tKx rights, tin scrip. >
NOTE--Odd lot transaction* are r
were made at price outMd* of the regt
'J "
I 14%
, 80
11%
20
! 24 %
I ?4H
99
68%
i 72%:
' 10%
j 21%
49 I
J 10%
15%
, 8%
40% 1
| 44 '
120 '
1800 Wiibi
2001 Wabi
23001 Webt
1300 Welli
2000 West
900 West
2900 West
700! West
1000 West
7600 West
400 W B
?O0 Whei
600 Wh ,
3400 Wljlt
7300 Whit
3800 Whit
1300 WM
7?'00 Willj
2300 Willj
*00 Wllsi
200 Wool
500 Worl
imrington Jackson i Co.
Railroad
Bonds
43 Exchange Place
New York
WRITING PAPER SALES
DECLINE IN LAST YEAR
American Company Report*
Drop, Causing Deficit.
A drop in the American Writing Pap -r
I Company's gross Males from $34.33^,813 in
1920 to $12,069,346 in 1921 resulted In a
deficit of 11,944.775 after ali charges for
the year, according to its report. The
lost contrasted with a surplus of $1,687.
"73. or $13.50 a share earned on the
' $12,500,000 of its preferred stock in 1920.
Vhe balance sheet shows cash of
$1.400.(M5, against $2,844,810; accounts re
ceivable of $1,434,788, in contrast to
$2,384,170; inventories of $3,905,111, against
$6,873,392: accounts payable of $019,50.:.
in contrast to $2,245,249; notes payable
of $270,000. in contrast to $840,W), and
surplus of $5,566,536, against $8,083,'.V/.
I At item of $18,627 is'listed under notes
receivable wheh were not recorded in
the preceding balance sheet.
George A. Calliver, president of the
oompany. in his remarks in the repot'1.
Hays: "Your company In November.
1920. had unfilled grdera aggregating
; 28.0u0.000 pounds of paper. The demand
for paper sharply declined, followed by
! inevitable cancellations. Later it was
apparent that consumers and mert'hanttf
i had been inordinately stocking up. The
I year 1921 became therefore notable lor
! drastic liquidation of paper stocks, re
? tarded by a trmrked recession in busi
j ness. Export trade was reduced propor
tionately to the lowest experienced in
| many years. The orders of the first
quarter of the new year indicate that
the demands of the consumers are again
l?reaching the mills, demonstrating satis
i factorily that the intervening atocks
have been fairly well liquidated. Any
material improvement in general busi
ness for 1922 without doubt will directly
augment demand and Insure an tn
| creased volume of manufacture of tho
' papers made by your company.
exportof American
GRAIN, RISES IN MARCH
Increases $10,000,000, Com
pared With February.
Washington, April 21.?American ex
ports or grain increased In March $10,
! 000,000, compared with those of Febru
ary, but fell ofT approximately $16.00".
000 as compared with those of March,
1921, according to foreign trade re
ports made public to-day by the Com
i meree Department.
Grain exports were $42,000,000 in
March, In contrast to $32.000.Aoo in Feb
ruary and $58,000,000 in March, 1921.
In nine months ended with March grain
exports were $470,000,000. in contrast to
$893,000,000 in the corresponding months
of 1921.
Exports of wheat were 7.840.000
bushels, valued at $10,000,000. In March,
in contrast to 14,600,000 bushels, worth
, $28,000,000, In March, 1931.
Corn exports were 22.668,000 bn*
! worth $16,000,000, in March, In
i to 13.371,000 bushels, valued
i 000, In March. 1921.
Exports of dairy f>r' '
000 in March. lr *ror>' 11
in March. 192' ?
end'-d wit!"
I trasi to $39 o?' -
period of 19.'
Canned veg ? March
were valued a contra*! to
$220,000 In Mi . Exports of
fruits In March w -.orth $2,000,000. In
contrast to $305 300 In March, 1921.
Fruit exports In nine months ended with
March were valued at $15,000,000, in con
trast to $11,000,000 in tho correspondins
months of 1921.
ghkkk drafts to be paid.
Washington, April 21.?The Ore"!;
National Bank will honor In new cur
rency American bankers' rheeks .'ii?l
payment orders drawn against their
drachms# accounts irrespective ?t
dates of withdrawal or order, say '
cablegram from Commercial Attach*
Edwards at Athens, made public to-tlx y
by tho Commerce Department. T't
same treatment, the cable *aid. wo i I
be accorded accounts In other curreti'-l ?
and American bankers who carry
counts In Athens should have no un
easiness on account of the situation
FINANCIAL NOTES.
Benjamin N. Freeman. Carl T. NaumhtiiT
and William ln.-V*m>. manage- ?? I
assistant manage i "f the bond d?>parttn? ? ?
of Menr* L. fxjlierty A Co.. hava t?nderel
ttirir re?tgnatt"ii*. and on May 1 wilt !???
come s*?oclat<il an U i. .ager and ????? lai
managera of tha bond department of
TVollman A Co., member* of tha New York
Stock Exchange, 120 Broadwny.
John J. Powers, formerly of H"tt * C?> .
ha* organized the firm of J. Towers t C-> .
120 Broadway, for tha tranaactlon of a for. I;m
exchange business.
Pprlngs *? Co. hare moved to 07 W s't
street. Their telephone number la BowIIhk
tJreen 23?n. . _
The Trnseon Wtrel Cempa.ty will mow- on
, Monday Its !n<-a! office to 31 Union nmiarr
I Stanton'* Wirflfll Biitleff* for April, pn"
llrlieit by Frank T. Stanton 6 Co., has J-' "
i been Moued for distribution. tt contains n i
j analyst* of tha lladlo Corporation of Ami"
lea'* report.
Daniel K. Pom?roy has resigned a* vtt"
! president of the Bankers Trust Company to
devote time to his other Interests.
33% |~
14* + 1
79%' + 1
It* ?
20
34
;Open- | High-1 Low-. i'Ios-! Net
| Ins. I est. f eat, f Ing. I?'h'n?. .
ish pf A. I 33% 3F%"[ 32%
ish pf B.. 21 21 21
?r & Heilb 13* 14%, 13%
t Fargo..) 79 80 i 79
Md U*| 11% 11*
M?t 2d pf 20 ; 20% 20
Pnoiftc.. 23%! 24% 23% I
Par pf.. #4 64%' 64 64
Fn Tel. i 98 99 98 99 +?
K * M. .1 ?2 63% 62 62% i + %
M 1 pf-1 <0% 71 i 70 I 71 r 1
?I & L K.. 10% 10%' 10% 10% + %
k L M pf- 20% 31* 20% 21 ? <v
Motor. 47 It 47 ; 19 4- 2
cxi 10% io%; 9% 10 >,
e OH rta.I % %! %, %,? 's
Spen St.! 16% 15*? 15'? 15%'? 'i
s Over.. 8% 8%; 7% 8a?' + ?<
n Ov pf38 1 40% 38 40%! 4- IS
>n & Co..I 43% 44 j 43 44 1+ '<?
worth pf.111 118 118 !11S | +
h rump..| 53% 53%| 62*i 52% ? :!t
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