The evening world. Newspaper, January 7, 1921, Page 32

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

INANCIAL. NEWS ano Priors... igh, Low, BH ash 4 ai: resumption of business on | Ady. Bxchange this morning! Ade traders again endeav- tO depress prices by selling eeeers but, as was the case yer- » they were unable to y. heir attack was centred ‘on Mexican Petroleum and leading oil shares.’ Losses ‘n time extended to 4 miuch as three points, but when rest of the market refused to pay of to the weakness in the oils c ine | interest ceased operations BMAS prices resumed thelr upward BY noontime industrial shares in it le known a large short inter- 9 registered substantial gains. instance, American Woolen rose over six points. “International Paper four points, Crucible more two points, United Fruit! six Vanadium Steel and Replogle gained two points and in other of the market advances of a or more were common. ‘There was no @ews to account for eontinuance of the forward move ‘and ithe action of the market strongly suggested that there & marked scarcity of stocks and the large short interest is find- ts position growing more and | uncomfortable. also was further evidence the market has become callous jo \wnfavorable trade news. Reports received that prices of certain products are being lowered and v are pelng reduced and that process of deflation is being con- in various lines of trade. But ‘ket is no Jonger sensitive to announcements. It is evident the feeling is spreading in the "Am, Hect ugar Am, Bow: Magneto Aw, Brahe Wtce ie Drug aynd,., Eaprem. . & Laath Am Steel Foummiey Am Super es, Aen Super i... n Toten Aen Tel & ‘Tet An Ties Am ‘Tot it now, . Amu To cus ‘Anaconda’... Amets Realization Aso Dry Gols... Atehiaon Ty AU, Gort & Wii pt Baldwin Low 6... ot t 11% + Hutte Cop. & Zine Butte & Superior, . Butterick © Caddo Gent, 104), Pal, Packinne Porceam ... L, Petroleum pf Galieet @ Asses Contre! Leather ... Central Leather pt. De Pasco, \Mteed rod... ‘Ctmndier Motom Peet in geveral years, has dis- the worat phases of the bus- ? 23 ce tee ee = Ep: = ins} age es Fate ef =F PRooP Peek i ° Z =z a cH if e ® a z sess FEeERE aReese = HEFEFEEFE FEES ES Ee Eee ete Ltt eetetee+te i + B238° FFEEPETVIGE fet eet seeepcugye fa USSRRSRBZeweesaes 52538 eer Sette | [teettte TUG it rates continued to ing closed with a of three cents. Cotten closed lar. erent re ote tom Owe: ii? rH i ie Page TERE i Up .20; an, ene, up ‘8 8-48, 96.96, up .04; this, 98.96, GN EXCHANGE. OPENING. p&e= demand 8.62 3-4, 2, up 21-2 cents; French francs, |, cables .0597, off .000 0138, cables .0139, unchanged; Baars, demand aes, jan francs, demand =e , cables 0627; Swiss francs, de- guilders, pesetas, 1320, cables .1325; Sweden demand .2065, cables .2070; kronen, demand .1610, cables ; Denmark kronen, demand .1615, Kang City Co pt, Kelly Springticlt . Kelsey Wheel Kennecott Copper, . Keyatone Tire . Lackawauna 5... = i 2 gige Soaeh Beer eeSE FKSCCR KLE” eFeeLEF - ewe FRESE SRL OER rreeey eeetecerrerer My + 14 68% + 1% 5 1 7) 55% + | eeeeesere | Leela Laie & Navi. Mave! Sagar, | Man. hie | Ste | Maxell Motor | Maxwell Met tnt | May Dox Seam. Midvale steel Minn & Se Lente. . Mo Kan & Ter ., Mo Peaific .., Mo Paeitie Stuitina dod | Natiount Biseit | Net. Cloak & 5. | National Condo Nai, Ba. & St National Lead. | Novada Gooml Ox P. JOntario Biber Phim Petrotenco ce Arrow, Arrow Pierce Out “Pitefurgh Coal, Pitts & Wet Va.. Pond Creek Coal Premed Stoel Car Paliman Company Punta Aleg Sugar. . Hie 7 ain 1% 18% Rep Ieon & Stool. Rep Motor SL & Ran Fran. . StL Souttow Bt T, & Southw pte 38% f++¢ flit te ita eeaascess eeetace r++ 4 |W: Marviand pt, ig | Wem: Pac. Corp, ou Western Union West Airbrake . Westinghouse .. i | Wheeling & LE. 4 | White Motor White Oil ». Willys Overland. 4 | Willys-Overland pt te | Wilson & Co. 4 | Woolworth | Worth, Pane %4 | Worth Pam yt A 44 | Worth Bump 7¢ 8, a *Ex-Dividowd, Total aden 1,212,000, $et [Heb teette $F$ [+ FHtetH % M 1% [44+ 4+ or ‘ OILS AND INDUSTRIALS 2D 4 seh nidh Cy ene Killed Stenting Ride. Abraham Wels cs year-old measonger of No. 101 Hop- King Street, Brooklyn. was riding on a Bureau of Highways truck this aly ternoon on Fourth Avenue, Hrooklyn. tr he lad started the wheela ot NIMC oa 6800 Mexioo 0%) 160 Midwent thet 190 Mountain Pro 2000 Noble “Out 100 No Am O11... 1900 Omar O11 100 Pennok it 5 | 1400 Producer & efiners. Stockholders Should Know Their Rights This up-to-date book. let clearly explai of them; also those of bondholders, etc. ¢ It also telts: The General Rules of Trading.« : The Rights of Stock and Bond Holders. The Deposit Require- ments for Carrying Stocks. How to Give a Broker Instructions. * Broker’s Commission Charges. How to Indorse a Stock Certificate. How to Group In- vestments. i How to Use Collat- eral in Trad ng. Call, phone or wri Ask for No, EW-334 JONES & BAKER Specialists in New York Curb Market Securities eeste 0 United Tex Ov 100 Vitoria OY new 60 Valean Ol MIYENG. | > 1500 Atas-br 2000 Areadiai 1500 Atlanta 10 Big Laetan ns Cop M 110 Con Vireinla Heela Miving 2000 Jumbo Extensi | piyia 10M) MeNawpara 1490 MeNaww Tt Motheriede . © Mather Lodo new 1800 ar | 1200 tacts 1100 Sen Toy 10.0 Silver K 1200 8. Sit 1800 Succes Min 00 Tenopalr Belmopt 1000 Tonopah Cach Boy ") Tone Divide 1400 Tonopah Ext 1300 Tono-Jim 1300 Tonopah » Midway 2400 Tooopah Min . 3500 Tonopah Mizpal 1000 Tonopah Montana 1509 Tonopah Rescue Bul 200 Un astern. 1000 Wish Metals 14.0 Victory. 20 West Rnd ( 76000 Whits Caps. 2000 Wiibert pis BROAD STREET OFFICE 50 Broad Street Telephone Broad 7150 MADISON SQUARE OFFICE | 225 Fifth Avenue Tel. Madison Square 1377 42nd STREET OFFICE 505 Fifth Avenue Telephone Murray Hill 7120 Offices in 8 Principal Cities 19000 Swedish Ge... boy mand DIVIDENDS. tie Ampskeag Manufacturing Com- declared the regular quarterly nd of $1.50 on the common and alte semi-annual dividend of $: on the mereeree works, both | 200 ailied sayadle Feb. 2 Kk of record} 500 Mrooktyn ame 7. 3 100 Car Light Akay fompany of | 1100 Castmers Motte. 2 'e Lee} INDUSTRIALS Hin, 1 700 Acme Coat Low, Fajardo Sugar Biloo declared the regular. quar- Cleveland Auto. per eent. dividend, payable stock of record Jan. 22 baker One of the » the Increased demand for @harés is found in the report as @ result of an investigation tions in the industry leading producers have decided to their stocks of copper from ep! the time being. It is ‘@ number of constructive have been discussed at in- my 800 Inter abhor 200 Nor Am Pays 8800 Perfection ‘Tire 1700 Baltio Corn 800 Redlo pd . 3 1100 Republic ‘Tire Bub * $e - 00 0 8 Distributing 100U 8 Keom . 7000 8 Ship 00 United Profit j 1900 Matted. tet Candy whieh d ie, improved condi- fase’ ml. Share, Hie STANDARD OILS. 900 Anglo-Am Olt 20% 2 8 ON of Cal, 826 8 © of Indiana new 208 OW OF NY .ececeees 09 INDEPENDENT O1LM, 10 Low. 2004 Kngineers Petroleum, 1000 Federal O12 ‘ 400 Gienrock On 2000 Hudson Ou 100 Kay Counly Ges 100 Lone Star Gas, 2800 Int Petrot 2.0 Maracaihe au 200 Merritt Ow 0 Mes Paw 13% | LOST rr) . *{eamers “and 5000 afiicd Packer Gs, #9000 Am Tel 66 22... 10000 Am Tel 6s 24... 40000 Ansconda 7% 29. 000 Auglo Amer Ol Ti4a 1900 Arwour & Co : 1000 Beth Steel 1 10000 Heth Steet Our Guaranteed First Mortgages and Certifies bsolutely secure, 7 Va a New York . Title & Mortgage Company 138 seer aM 100% 0 90, Wo 81% 4% 0% 0 9% 160% 15000 Heinz Oo 7 2000 Kenneoott ¢ 8000 Morris & Co 7%s 1 Cloak S$ Be... NYNHW & H 4s. 0000 Ohio Cities Ts TH. 190000 Sinclair © 74s ‘i 0% 5000 Solvay at Cle 8s 9085 Stee 02% | 100% 100% 100% 100% 4 10% 100% 100% 100% 100% 104% form 101% “101%, 3% 183% 100% o5% 28% SAVINGS BANKS. | | 100% + 100% 100% + 10.% (10% 102 102% 8 88%, 100% 984 Union Dime Savings Bank 40th Street and 6th Avenue A incest bor a ral FOUR PER CENT. 57000 Swit & Co Ts, credited Jan 1, 1431, and payable 10000 ‘Texas Co Ts 3000 Union Tank 1000 Va Carolina Chem 74s 4000 Western Rive 1 pike is er Raa mer Register Dooley Gets 84,000 Job. Matthew BE. Dooley, former Ri Kings County, was to-day ap: by Comptroller Craig, Deputy Coll Mf Aasesument and Arrears for Kings, at | a salary of $4,000 a year, to take ‘the | place of ‘Theodore Christmas, who wa: ml ped from the rolls six months »go. a Aropped tt empuey ‘was also. appointed | terest credited Jan, Ist, at the rate of Deputy Collector for Queens, to take | Four Per Cent. the place of Ferdinand Becker, who re- | annum, on accounts {rom #3 to signed yesterday, ‘The position pays Deposits made on or before 1 reateraey uty Dempsey lives in| damlOuh draw interest {rom dan. Lote Fiushing. BRIAN G. HUGHES, President, WILLIAM M. KERN, Controller HOWELL T, MANSON, Treasurer _HARRY P, REGAL, Secr i H RIVER SHYINGS BANK Ath Street. u trp CUAL, DIVIDEND. FOUR EER CENT ont the rateo oF alii OH all depusita from $5 4e 00. a ereta, puyabl and after Jan. 7h 1024. adie yd Deposits to guns te wil ‘draw interest” Vit. 199 Money deposited om or before. Jan. draws interest from Jan, 2 1921. ALEX UF, W. KINNAN, President , "Treasurer, HtaNie P. WAzALD. Secretary ' Dollar “Savin ngs Bank s Bank OF THE CITY OF Third Avenue and 147th St, nted stor oreo. VANZL—VIRGINIA. Campbell Church, Bway 66th st., Jan, 8, STIEBELING.—ELSIN 1. Campbell Pu neral Church, Jun. 8, 2 P.M. Funera} 114. M _ FUNERAL DIRECTORS. a Call “Columbus 8200" Any Hour, Day or Night FRANK EB. CAMPBELL “THE Ls prcats CHURCH” Ine. ‘om-Sectarian) or before from Jan, BANKING BY MAIL. ARLES Koi President, JORGE T, CONNET'T, Seo'y & Treas, “NEW YORK SAVINGS BANK N. W. Cor 24th St. and 8th Aveaus Dividend Jan. ist, 1021, at the rate of Los. FOUND AND REWARDS. Tosi aetween am, Garoust Hall, Brookly vontalning i ro no bor questions asked. Ba th ivr r m smo METAL 3 ‘s tig a Laswe Car mitre be git Toward if returned Wo i iat with diamond ol N Pee Il, betwen BA Bt sed 8 oe ht Finds? will’ please communteate with Pinkerion's Relient Detetles_apeaer, 18 nanan ot yt eae : Pak rote. By: mee aire NG ae Biber ace, ete Sl he 6: tinder | Fai Ce NES IC aeventoen- | Th FUUK | PEK CEN 1 (3 SP G_AND FINANCIAL NKING ~ Madison Square Office Werecently opened an addi-° tional New York office with customers’ room on the sec- ond floor of the Brunswick Building, 225 Fifth Avenue, between 26th and 27th Streets. You are invited to make.full use of all our facili- ties, including continuous quotations, information files, special reports, etc. Tel. Madison Square 1377 JONES & BAKER Specialists in New. York Curb Market Securities 50 Broad Street 505 Fifth Ave. Phone Phane Broad 7150 Murray Hill 7120 225 Fifth Ave. Telephone Madison Square 1377, New York OFPICES IN 8 PRINCIPAL CITIES Direct Private Wires PE AL. A LL ees BANKS. _SAVINGS BANKS. BANKS J GREENWICH H SAVINGS BANK TI] incorporated ror S. E. COR, 6TH AVE. A 16TH Seat NEW YORK Interest Rate January 1, 1 FOUR“PER» CENT: Per annum, payable on all sums from $5 to $5,000 on end after January 17, 1921 cy] OPENS AN* “ACCOUNT DEPOSITS MADE ON OR BEFORE JANUARY WILL, hase A| PN a pt FROM JANUARY 1, 1921 JARLES M., DUTCHER, President Seeretanes : i _FRANCIS M. BACON, JR. B, OGDEN CHISOLM Thin STAA WAL ¢ [EMIGRANT Bank SAVINGS ft CHAMBERS STREET, NEW yorK. The Board of Trustees has declared @ Semi-Annual Dividend at the rate of Four Per Cexi. Per Annum ON ALL DEPOSITS ES TLED THERETO, . To give our depositors the full advantage of the days of grace allowed by the Banking Law, interest will be paid pas January 1, 1921, on all deposits received up to and including January 13, 1921. | 0 | | | $5 to $5,00 *ASSE EUS §2 10,000,000" The tranklin Sarings Bank Te the City of New York Corner Sth Ave. and 42d Street 420th consecutive semi-annual divi- dend has been deciared at the rate of FOUR PEK CENT. per annum on all deposits entitled payable on and after January . 1921, ‘ Deposits made on or before the 10th of January will draw interest ‘com the Ist. Amount dué depositors....$40,705,867.13 urplus PAR values... .. .4,799,997.07 GAIN DURING YEAR 1920 Depostors over. . eye. 8,000 Deposits over . $8,000,000 PHKNEST K, SATTERLEX, President. IDE, Comptroller, ‘AIO Secretary. EDUND 9. MEYNOLDS. Asst, See's EXGELSIOR SAVING S BANK 4 PERANNUM gh all sume of RS a Fu ates Posite made on ye before ‘5 draw interest. fom Ja Accounts can be opened by m booklet, “Banking by Mall," sent freo. WILLIAM J. ROOME, President. JOHN C, GRISWOLD, Recretary. 2 2aE2 STE a4 assert 128 AND 130 BOWERY, Branch 87 Liberty St. NEW YORK, Dec, 18, 1920. A semi-annual dividend at the rate of FOUR PER CENT. citizens’ Savings wi 46-58 BOWBRRY, COR, WAN AL 121ST SEMI-ANNUAL DIVIDENT she Trustees have ordered rate of FOUR (4%) PEA per annum hasybeon declared and will be crvdited to depos tors for the period ending De cember 81, 1020, on all sume from $5 to $5,000, and will be payable on amd after Munday, January 17, 1921 Money dh will draw interest from Jam of one snvor petore Jamuary” 10° will. draw crest from Junuary 2 HENRY SAyYL 2PWIN A. LAH, Bec: 1ARL A. RICHTDR. Anat WAM. £, KNOX, Vice-Pres, & Comptrolier, JOSEPH G, LIDDLE, Secretary, BAVINGS & LOAN, ASSOCIATIONS BAVINGS od LOAN ASSOCIATIONS For Home d Savin FIFTEEN PARK ROW (GROUND FLOOR), NEW YO! announces its 64th semi-annual cash dividend at the usual yearly rate of 414% on savings share accounts of $10 to $5000 and 5% on all A inetallovent and income share accounts. Franklin Society, 33 years old, State. super. von, prudently managed, is serving many thousands. Let it Serve you. Information on request. Savings y mi OPEN EVERY EVENING TO 7 TILL JAN, 10 6. Ot, es, GILBERT LLOYD, 5 The Bowery Savings Bank ited om or before January 10 ry 1, 1021, MENRY A. SCHENCK, President. | jt means so much more profit for An Investment Message is our sixth effort to get this message to the people who are so fortunate as toy have ready money to invest it this time: a “Perhaps never again will there be such bargains in in- vestment securities as the market now offers and so we say to all, and this means+ you—scrape together all the money you can get with- out borrowing and buy in- vestment securities — and buy them now.” Since the first publication, Jot this. message a great | novement has been set on |foot in the purchase of in- {vestinent s rhaps je should try to make peo- Iple believe that we are ene = | titled to the whole credit for” | bringing about this situation. ‘We don’t want to fool you, jand we don’t want to. fools ‘ourselves. We are not the jonly ones whe have been watching conditions carefully land with perfectly — cool ds. The buying movement arted up is not based entirely on our advices [but on the advice of many ¢ thinking men experienced my | this line of worl. a | When our message Waser [first published inany of our {friends said: “After such 9, long and persistent swing of 5 {the market toward lower le> oy els how do you dare take tho jresponsibility ‘of telling peo-? | ple to. buy, and buy now?” + | ‘Phat is casv. If they buve jthe right Kind of sceurities,” rj | tnd buy them outright, they ant lose.” When we say ‘the right kind of seeurities we mean the sceurities of en-* |terprises Uhat must continue. {to operate and securities of an-underlyng character whose income cannot be | jeopardized by a business de- pression Busi | depressed. If this depression continues, or becomes more acute, it will quickly restore normal interest * rates. Nothing but a recovery of business to abnorn pro portions can make possible the , long continuation of the pres- , ent high interest rates. Busi |ness cannot even be restored tog) | normal until interest ratesa have been greatly diminished. The long continued high inter-* est rates has been one of the* most important causes, and suflicient alone to explain why investment securities have beerf dragged down to subnor- mal market values, and the on! thing needed to bring these values back is the establish- , ment of normal interest rates on». a reasonably permament basis. Think it over for yourselves and.i see if there is any other answer. So you see we do not feel we were really taking any great responsibili ‘ Buying has not only but it springing up vrapidly increasing rate. far, however, it has made few bare spots, on the gain counter. But the movement is gaining strength and momen- tum and nobody can say just how long one can safely wait. We think the best plan is to “buy, and buy now.” As we have told you before, we would like to have your con- fidence and patronage, but our advice is to “buy,—and buy now” and if our advice is good is set in, at So you than for the house through which you buy that if you do not want to buy upon our selection go to any house haying a good moral and finangial standing in you have confidence and y on their advice, As we have told you before, if you wish to rely on our judg ment we will treat it as an honor transaction, Yours cordially, HENRY L. DOHERTY, & COMPANY 60 Wall Street New York

Other pages from this issue: