The evening world. Newspaper, September 14, 1922, Page 20

‘BEARS ARE ROUTED AND STOCKS SOAR Last. Chee. High. Low. Laat. Ch i Advance i ee Houston ¢ H2ly 80% RZ + 15, ir Reduction 8% FO% + 1% Hupp Motor . 2 2 3 . Ajax Rubber 18% 138% 18 Me Hydrautle ites 8 ci ah Ba Hy tad don ee Ains Gold Mines % : . Sharp Conflict in Early Hours) ee dunes inn ou Inittnots Cent 119% 114% 115% + 1% fe [Uttnote Central pf. 18 118 A * Allied Chom .... 68%q 824 BAG + Ends in Higher Levels Ailed Chem oh iNe ati ate” Cant |tndiahome Rem, 04 4a Ow A Alli Chalmers tH mL Int Comb Bng... 28% 28 BB — All Along Line Alls. Chalmers t : js jalmers pt 108% 4+ %| Inspiration Copper 41% 41% 41% | shell Am Ag Chem. . 89% % {Int Cons Corp pt 4% 4 4% y Am Ag Chem pt 1% -- % [Inter Agr Chem, 8 ct ss i @herp conflict this morning be-| Am tet Buster. H+ Ulta An chen ot ot ate itn Qween newly formed and powerful on od Shoe bid 1% Hinter Cement 3% BAY % cliques and interests determined | 41) ON" 4 AUK M Tinter sarvemters, We 12 to extablish market values at a sub-] Am Car Foundry 10) 8 ie a fas ine.. 14% 14% % stantially higher level resulted in af Au Car Foun pf GIS Ce Wee ad ‘ complete rout of the former and one] Am Cotton Oil... He Inter Paper wo Bay % of the strongest markets that has] 4m Cotton Ol pt Inter Pa pf Bta. 80 0 deen witnensed in several weeks. [Am ie nts, He, Blin predic ak dea AR Cae Bhortly after the opening of bust-]Am tee oc... NTH +H] inand Ol es OME Mees, bear cliques pursued their fa-[4M yb pho Tet [OT Case cssessee oh 8h G4 4 millar tactics of searching around the} Am Linseed ON . 7 + % ‘ en i” ut i ) Am Linseed Oil pt oe - i Ust for weak spots, and after finding] 4” Yinseed Ol pf ree y OM]S Kayser No. 4K 48K 4K — fan issue that seemed to lack proper] Am Radiator .... 119 Kansas City Bo.. 26 24% U4 + % . q | Am Safety Razor, iw + w| Kan Clty Bo pt. 08% 68% Bm er Senners, “We emnaah it. Bull snp & Gom., 20% — | Kansas & Quit, 4% 4KK ay ‘weak spot was found in United States} am smelt & Ref % | Kelly--8pring “4 “44 + & Rubber 8 per cent. preferred stock. We ay Paes bt. Kennecott 6% 30% 8% — In less than an hour this issue] Wael yo: pal ee cenien Bis He -% Gropped 10 1-2 points on sales of only] Am Stor) Fy pt. Laciedy Ga .s.c+ 00 1,800 shares, ‘The common stock of Am Sumer os tf |ae trie @ Wont 4s the same company declined § points [Am Sumatra @ lets vee Considerable pressure was also ex-|4™ Te @ Gable. TB fetmn teocon erted aguinst rails, and liberal sales} ab Tel @ Tel ve + Ween ae 184 of low priced rails were made, but ee Page 4 — MW] Loutn & Nash 148 pie edieired nt re ea jother Lode 11% $y Pa ‘ine payee itis however, the| Am WW ON — AMI Merntyre 1 Minow 1% i econg hour, vever, ¢ Mack Truck, Inc, 0% $ “ x AWWAE pfdpe pf 560 aT 40° + 1M] Mack Truc! pt 15) tables were completely turned and | Awwar pipe pro: oy og agp BMeM Truck tat pt HN > under the most vigorous kind of buy-| Am Wool. ; Rain 4 der BE : 4 5 ing the railroad list spurted forward [Q™ Wool pt Manat! Sugar 41% +1 in @ manner that was amazing even [4') V0 Paver? Manat! Sugar pf, 84 yi to the best friends of the market. It]An zine pr. Man Shirt 40% + % t was feadily disclosed that the supply | Anaconda... Mark St Ry pr pf 62% 4 | - of these issues had been so reduced {ail Amer Metal on by % by i by recent purchases for investment | All Amer Metal pt Mathieson. Al 484 Zeke accounts that it required compara-| Ann Arbor ...... Mex Seaboard 19% ay | tively small buying orders to bring | Ann Arbor pt... Mex Seaboard ct. 17% aie | about net advances of from one to} Ast Pry Goods . Moon Motore .... 14% | three, points. AGRA ee Middle States Ol 13% 1 The movement was led by Atchtson| Atchison pr Midvale Steel ay % i which rose three points to the highest} ai nirm @ Atl. Minn & Bt Louis. 9% + % | price since 1916. It sold at 108 1-2. | Ati Coast Line Thine ae Cae.) Untoy Pacific sold above 154 to the] Atl Fruit aka z M4 we na + % | highest price since 1914, Pennsylvania | At Guit & WI. Mo Pacitic . i touched 48 and also touched a new} Aus tad ' Mo Pacific pt + 1% | high since 1919. Gains of a point were |i, pron. ‘Montana Power + 1% common among the higher priced |i Locomotive Mont Ward + 4% ‘shaves. Raita A Onis fg Patax Motora Ao) 5K. on Such demonstrations of strength In| Baitt & Ohio pf.. -% ae 5 here Poet On = | Tails 'so disconcerted bears that at- | Barnet Leather .. cet till breeder tetiaiad i ene: tempts to depress the market ended | !*rnadall A - Mexican Pet pt . ae " and the industrial list soon Joined jn} (\rnall fh --s+ Be ahatahic at ri the rise. Transactions were at the |), ()" 08 Mino + 14 | Nat'l Aeme 8 | rate of well over a million shares for {jut steel Hh .., TOY | Natt ttacuit 161% @ full five-hour session. Heth Steel pf 7 pe tot atl Clk & 8... Oy There was no let up in buying [Beth Steet pt § pe + % "1 Conduit baal - throughout the afternoon and most |Hooth Fish .. al aie Bta.. in \f ol igh prices of the day were |#r Empire ashe ‘ad pt f the high pri a er Beipire wee + ON [Nt or a a pe aie r touched in the last hour of business, |Br Em Steel 2a pt Nevada Consol. 16 Brook Fdleon — 14)? + 16% { Discomfiture of professionals who rese Hak Teh uy |N Or T & Mex . 77 rs have been operating on the down|yoon Roy cts, Pagh[S ¥ ate prake | wt | side of many of the industrials and|ijrown Shoe ..... NY Central .... 0% ee Public utilities became increasingly {prune Term yy [XY ont eset. x0 | e¥ident. Columbia Gas rose 6 points, | Burns Bros A. Da IN ¥ Dok nse. 90% ! Pacific Gas, 41-2, a new high for|Hurns Brow B.... + IQS SM Sart j the year was made by Postum|futte Cop & Zinc. bol a Nd dal Cereal, while other particular fea- | Reech-Nut Pkg .. + Mi Meck Ameren: 68 |. tures of strength were North Ameri- [Caddo Ott nao] TY Sectoral ean, Railway Steel Springs, Republic {CM Packing ANortiern Pacitic. 90% j Steel, Montana Power, Barnsdall,|*! Pere «-.-..-- + % Nova Scotia Stee! Callahan Mining =H ia Steel 40 Austin Nichols and Central Leather.| Caimet a Acts ¥TNunnatty Co The rise was unhampered by an] Canadian’ Pacific, + 2 [Ohio Body & Blow ' advance in ine rate for call money| Gent Leather decd | eu emiey sere } in the last half hour to 5 per cent.| Cent Leather pf. ed Patek ele 2 | It _was well understood that the] Con Gas of Balt. Se er aa em fy Bigher rate was due to the huge] cn Mil SP eo + 2% Owens Bottling. 88% 88% | amount of Government financing to] [tree De Pasco. Rp Pac Development. 54 4 4K — OM } be carried out to-morrow and that] oy) cuir Motors + K [Pac Gas & Elec, 9 % 85 89 + 8% | the money situation fundamentally] ones @ Ohio... + yg] Pacific on 58% m4 % | im _im a highly satisfactory position.|cni & Alton... = Gg] Pan-Amer Pet .. 82% j ‘The wheat market continued to be] cht @ Alton pf Tog] Ren-Am Pet Bo. TT heavy, declining more than two cents | Chi & East Il! N —% Shag ad oe | a bushel. Cotton was firm. Cht @ B Ml pt N. § teeees 48 { Transactions on the stock exchanse|Ch! Gt West... 6% 6% o% + 4] Tenn Beaboard ft el eay | exoveded 1,250,000 shares. Chi Gt West pf. 10% 14% 16% + WL EPS onette.” 90 3a% + } ncacecelameneliiees ek ec ten ae: ae ae Tt Ef mnnaaerpnia co. 44% Ne } 4 0g Phillipa Pet 5AM 58% — | FINANCIAL NOTES. OM & & P pf. + %[pterce-ar .... 124 12% — % dasa Chi & Niwont,.. + %Ipterce-ar peo... 0% B0% — 4% { The Crucible Steel Company to- |" f Pe ate 4g. [Perce on as cht Ny C eo 2 lrterce on pt. Mi 4 — @ay issued a statement for the four]; p 1apepept 92 91 2 + [pit Comte, Tim nh + % months ended Dec. 81, 1921, which]© R 1&P7pepf 105 101 108} | Pitty &@ WV... 40 o+ % Comp Tab & Rec 75% TRH 154 + lig] Pitts @ W Va pf. oe 9s +1 Barre # net lose from operations Off oon Gisar is 08% 8 ASH + %|Pond Greek 21% % $218,882. The profit and loss surplue | Consol Gas .. M1% 40% 141 —~ %]Postum Cereal 106% % as of the end of the year stood at|Conaol Textile Postum Cereal pt 110% % $24,811,378, which compares with | Cont Can Pronsed Steel Car O8ty 1 $26,467,605 on Aug. 31, 1921. Corn Products Prod & Re 40 % Chile Copper Pub Serv of 85% % Chino Copper .... Putiman Co ANT NS hs J. & W. Seligman & Co., and Clev Ci Ch &@8L Punta Alege 10 “ Hayden, Stone & Co., announced sub- | ¢ ¢ @ 8 L pt eriea (Olin: Bu z scription books on the $8,500,000 ; Pure O11 pt 101 Eastern Cuba Sugar Corporation 15- Ratiway Steel Spg 125% % year, 7 1-2 per cent. convertible mort- Rand Mines Me % Ray Consolidated. 16 Reading Remington Type . Replogle Steel Republic Steel Rep Btecl! pf .. Reyn Tob pf B. Republic Motors. Bage bonds had been closed, subscrip- tions having been received ia nn amount in excess of the offering. 1a Graph . in Copper Coden Copper pf Crucible Bteel ... Crucible Stee! rts. Cructhle Steel pf. Cuban Am Bug.. Chicago dispatches stated that the offering of $50,000,000 Swift & Com- pany notes had been twice oversub- Cuban Am Sug pt Rels & Co. “ scribed. Cuba Cane Sugar Royal Duteh 2% Cuba Cane Sug pf Bt Joseph Lead. . n It was stoted to-day on apparently] or Carpet ss Sta Bt Fran. n+ h reliable authority that the Utah Sec- | Detrot! United StL a Bt pf, Hh MM +t Ow urities Company, contrary to current | Davison Chem Si L & Southweat 33% AR 83% Feport, will not be dissolved at the} Del & Hudyon » a La BW pt. BL Bom BL + expl 8 re & Weel a Cee Bugar. 3 3 3 a of the trust agreement on Detroit Edison Sterling Prod ... ay 53 53 id Dome Mines Savage Arma... 12% 12% 18% — 4 DuP De Nemours Beab'd Air Line. 7% 7% Te + The Standard Steel Car Company | gastman Kee Beab'd Air Lb pf. 1 uy Ue + % of Pittsburgh announced a 15 per|miec stor Bat .. Henra-Roebuck 10% «00 ROH + OM t cent. increase in wages of all day | Elkhorn Coal Ahell Trad & Tr, 40% 40 4% + workers, piece workers and tonnage | Emer Brant pt Sinctatr Om My BBN aan + & men at Butler, Pa., plans to become | Endicott Johnson Bo Porto Rico B.. 48 476 4B Stein Matunday, Endicott-John pf Bouthern Pacttic 4 08 * 2 Erie ... Southern Railway. 27h 26% ont 2 Erte 1st pf So Ralway pt 64 O3q OM The American Railway Association | irie ea pt Ftand O11 of Cal liSy 14 AN & Teported 70,455 surplus freight cars | amous Players . #tand Ol of N J 18K 186) 18TH OM on Aug. 31, a decrease of 60,506 since verge Ptan O of NJ pf 16s, 116 m ih 7 Aug, 23. Freeport Texas Stewart-Warner . 46 Gildden Ol .. Btromberg Car BN mu + ee ee af Goldwyn Pletu tad Win + % aol n . Atudebaker . 1h te DIVIDENDS. Gen Am Tank ¢ Submarine Bost... 0 ot General Awphalt . 6% — % Pay- — Btock Superior OW. 8% Mate. alle. of Moa'losneral gusmme,, 1980 Awoets of Amer:. ty at eneral Electric. . 4 4 21m Pet Men.. 8 9 Set. 281 Genoral Motore Relea ie 10% 10% acd . ia oy a5 [Ge Motors Del Cop & Chem 10 % La Free En pf 1%4Q Rept. 251 Gen Mo Deb Ope renin Cop wo § O&Gar 8. Q Bept. 20 |g, Texan Coo... Jeary O & Gas S2.extra Bept. 30 | Goodrich pt Texas Guit ule ap Phetpe Dodge . #1. @ anby Mining seas Panes: H Centwa! Aguirre $1.50 @ lat waehar pe d Hopp Motor pf $1.15 Q Nor Ore Cts } Third Ave 3 Am Wholes'e pt 1%Q Guan Sugar ap, tanner oOo oh et ‘Air Reduction . $1. aa Gulf Mobile & arene “4 % 1Q Habershaw Tria i”, Be Fe ea ot 1%Q Deo. 15 Hartman Corp Fag y 10 «100, 1009 = & 1.02% Q Cot, 16 Hendee seccecssce 20% 28% iy Toh Pree A Bt» nab pas eae ——- . . ” x THE EVENING WORLD going the rounds in brokerage houses that the company is making a dismal showing in earnings and danger of reduction. goon after the market opened. By the smashed down more than 10 points and the common three points. But in- side interests quickly came to its sup- Wall St. Gossip. THH MARKET'S TREND. There were many impressive to the market to-day. While the Curb Market nied to be largely a fer ure The was certainly nothing to indicate that“ ‘ ‘ of the session was firm the peak of the upward movement] (i ajinus the bulk of the has been reached. And there was aj forward largely strength di Stock Exchung noticeable lack of evidence that the technical position of the market has become unsound. The manner in which railroad stocks surged upward was Impressive. It was clearly estab- lished that the floating supply of the ing gains of from 8 to 5 poin' » THURSDAY, SEPTEMBER 14, 1922 today con- professional and Het in sympathy played on the New York ts, affuir, the undertone throughout most in moved late with Standard Oil shares were the feat- ures, Standard Oil of New York mov- up 8 points and others showing The movement was influenced by better class of rails is restricted. The}ypeports that the price of Pennsyl- movement certainly was not based infyaniy crude oil is about to be ade major part on the oMeial ending off vanced twenty-five cenis a barrel the shopmen’s strike. It was a con-} This report, coupled with the an- tributing factor, but a minor one. nouncement that the Texas Company Ending of the strike has long en-|had increased the price of higher tered into market calculations. The larger buyers of the better class of rails, having been duly impressed with the manner in which carriers weathered the shopmen's strike and the coal strike, are now visioning a heavy expansion in traffic, which they believe will be handled at a highly satisfactory profit. And in certain instances definite knowledge of con- solidations and merger has been in traders. rallying power, mostly gained which promise to have bene-|two points, and Marna ficial rewults for bidders of shares of] the most prominent feat companies concerned. The average] mining list. The bond price of rails has advanced approxi-} wa ure grade crude oll in the Mid-Continent fleld twenty-five cents a barrel caured shorts in the oil shares generally to retire a part of their contracts. ‘The industrial Hat maved in largely cordance with the whims of floor Messwb! Iron failed to show transactions being at the low record price of $10. Mack common stock gave evidence of accumulation scoring a gain of nearly Copper was of the department strong, the higher rates of money, ent financing Last % 4 20 mately 20 per cent. Yet optimism re-| tue to huge Governr garding their market outlook has not] to-morrow, apparently beine without been stronger at any previous time] ‘fect this year. oe - Share High. Low THE OM, STOCKS. INDUSTRIALS. Oil stocks had difficulty in follow-|*Acme Coat 2 ing the market's upward trend. The] *Acme Packing 44 40 statement of the Standard Oil Com.| Aluminun: 20 20 pany of New Jersey that it is not cy lila pid. 23 planning to purchase control of the] (i ic irae i mete’ Phillips Petroleum Company, of Mar-} iyi cies pta 98, oT land Ol, Phillips Petroleum, Cosden] tirit aim ‘Tob coup... 1% 19% and one or two other producers damp-| puddy Buds erceene 1M 1M ened enthusiasm somewhat. Many re-|Car Light pd ccc.) TT cent purchasers of oll shares at lower] *Car Licht pfa , 9508 prices figured that their optimism re-| Cent Teresa Sug % 1% garding the ofl outlook might, after}! Ninvle 4 4g all, have been too unrestrained, and] (¢!vleld pil 10453 104 took profits, But no one, as tar as} (in Sates Bl ere known, has asserted that the Stand-[ooim soivets “nh aay 434% ard Oil Company of New Jersey was] coniey ‘rin Pott 16 1% planning to purchase the properties} cont Motors 9% (Om named. The reason for the formal issuance of a denial was not made quite clear, A denial from the Stand- ard Oil Company of Indiana would be much more interesting. Cosden Oil was one of the few able to con- tinue its upward course. It sold above 52 for a gain of 2 points. Comgrave E Cuban 1. rs Chen & Oflo rta .. ches & Ohlo ptd .. Daniels Mot . Dublier C & R Durant Mot Fed Tel & Tel... Gimbel Brow Gillette SR RAID ON RUBBER, ¢ Alden Coal Goodyear Tire ...... Hayes Wheel Inter Carbon F Kuppenhetmer. B Kuppenhetmer pf. Lehigh Power, Macy & © : Mercer Motors...... Mesaba Lron National Leather...... NY Telephone pf....... NY Alrbrake rts Phila ectric pf. NY Alrbrak: Philip: Morris. Prima Radio. Radio com. Radio pf..... Reo Motor T hulte Stores... THE The market raid on United States Rubber shares was carefully prepared. For several days stories have been that the 8 divident is in It appeared to be @ campaign to undermine conti- dence in that issue and in the common stock. The assault on it was started per cent. preferred end of the first hour it had been port and within another half hour it recovered more than half its loss, The uthern Coal & Iron.. raid was probably intended to unsettle] St Law Felds.... confidence in the rest of the list, but] Standard Motor Stutz Motor... Bwift International, Bwift & Co.. ‘Technical Prod... Tenn El Power.. Eenn Bl Power 2 if so It lacked the desired result, Only a few months ago there was much concern felt in market circles over the supposedly serious predica- hess ment of the New Haven road. There} Tenn Ry L & P..... was pessimistic shaking of heads} Tobacco Producta...... Todd Ship....-...++ when the problem of whether the road would be able to escape receiv- ership was discussed, But there hae been a marked change. It is now stated on reliable authority that the company has $10,000,000 cash on hand or in bank, and it is known that of- ficials view the outlook with consid- erable optimism. President Pearson has felt able to take a avcation for the first time in more than two years. Timken R B.. USL4&UN...., USL &H pt U 8 Idaho Sugar.. United Profit Shar new. United Retail Candy,... Union Carbide... Wayne Coal......---++ *West End Chemical. Youngstown 8 & T.... Buckeye PL Atlantle Lobos Galena Signal Anglo-Am Ot High. Low. imperial ON Can.. Union B&P.... 18% 76% Hilinots PL Union On W% 1914 Prairie Pipe : Union Pacit! 14% 152 South Pa Obl. Union Vacific pt 18 8 Ol of Ky... Union T Car pf 10 8 O1 of Ind eaee United Alloy Steel 38% PON Ot NY.ccee oes United Drug .. 80 8 O!l of Nebraska OW Un Drug Ist pf. 49% Vacuum United Ry Invest 14% Un Ry Invest pf. 9035 INDEPEN Un Retail Stores. 8514 Rian rat ars 1% Die Bieta “] Atlantic Guit 91% WCEP pies. 18 % | Arkansas Nat Gi 9% Da Foes Ered, OM ‘4 | Boston Wyoming 80 U 8 Ind Alcohol %| carb Synd 615 U & Realty .... ot %| Cites OService + 205% U 8 Rubber Lay Cities Serv B etfs. 21%, US Rub lat pf. 1014 Citlen Bory pt ove. 6a U 8 Smelt .... folumbla Pete "7 U B Bree .. Cont Ref U B Bteel pf Colombia Syn Utan Copper Cosden & juity Pete Federal Ot! Glenrock O11 Utah Securit! UB Smoelters pt Vanadium Stoel Va Caro Chem pt Int Petrol Vivaudou, Ine... +Keystone Ranger .. me Wabash RR... Living Pet Ny Wabash RR pf A tans Pe @. Weber & Hell .. aracatbo 4 Weat Maryland Marland Mex ae | West Mary 20 pf Merritt O11 WeWeat Fecitic me Slexiee Ot Weat Pac pt Midwest ¢ i Western Union. 116% _ q] Mountain Road Woatinghous Klee. 64 + gp Mutual Ret Wheeling @L B.. 11% t B]New Wheeling&l. B pt + mpomer White Motors... Pennock O11 White Oo... ig | RvaH Cons Wickwire Steel Hi] seit creek Cons Wilson Co + 1g] sepulpa Ret Overland Corp Ab | Seavoara Over Corp SY shett Union Wisconsin Simms Pet Woolworth + gy] outh States On Worthing Ab | Bren 2 Worth Pump pf eTexan 0 & L White Eagle Oil S| Wilcox OFF ‘ tex Dividend, ‘Total sai anit ih WOT IN INSANE ASE unt a vy . aT. PRYER, M iced en : more than 100 persons endangered in| ievis Da a a riot at the State Insane Hospital *Bureka Croesus 0 here carly to-day acct) ts . io DENT OILS, 1y i" o% 204 1 6% 9 45 220 584 104 2455 1% 38% 100% 1814 56% u 8 100% BN 1% ST 1 1 Pry 28 4 Shares. High. Low. Last Henrietta ....., . 60) Hecla Mining ww 4 Hollinger ..... 0.0665 18% 13% 4% 8 wee 50 Kerr Lake . tie ON ‘La Rose Mining .....5 90 25 *MeNamara Crescent 1. 1) 1 im Magma Cop ........0.65 34% BM B44 Magon Valley jove National Tin secs. 8 xn New Cornelia siovee 18M 18% New Dominion siccceee DM BM OM Nipissing : Ca ae *N ¥ Porcupine . nd Oho Copper... he eee Park Utah ey *Peeergon Lake 16 1818 Ray Hercules 1% 1% 1M Bo Am P & GN 4% 4% 44 *8tand Bil Lead 19 wow ‘Success Min 48 4848 *Teck Hughes ... 7 Bs OD Tonopah Belmont xp..s 1% IM 1% *Tonopah Divide ve BO Tonopah Ext « ay hth th Tonopah Min . th oh Tuolumne ...cccccccssee OB OO Ok Unity Goid . + 8% 8% BM ‘United Eastern » % 1% 1% United Verde + 80% 80% BONG West End C.....66 he ny BC Allied Packers 6s Amor Light T 69 Anconda Cop 68 ....+ Anaconda 7 20 Anglo Aimer Olt Armour & Co Atl Guilt & Beth 8 Ties Meth Steet Te 103% Can Nat Ry Eq 7s ut Can Nat Ry Eq ds . 910914 Can Pac Os ag 1013, Cent Steel 86 .......... 107 Char Iron & Cities Service 7s D Cities Service 7# C Cons Gas Bult 74 Cons Gas Balt ts 105% Cons Gas Balt Stes 100% Cons Textile 8s 98% Com Power Gs 90% Copper Exp 8s 19244 Detrolt City Gas 6s 101% Deere & Co 7! East Cuban Sugar 714s 190 Goodrich Tire 7s 103 Gut On 1 104% Humble 01 + 100% Inter RT 8s vee Me RT &s oft m4 Gas 6a + 98% Kansas City PL 50 Kennecott © Laclede Libby MeN 10249 Liggett WW 104 Manitoba Power 7s 0 National Acne 7% . 09) National Cloak & Sult 8% 105 105 National Leather 88... 101 101 NYNH&H SG BBS Phila El + 100% 100% Phila Elec +103 108 Paulista R a) Phillips Pet 718.000... Public Serv N J 7# ... 104% Robert Gair 7s 91014, Sears Roebuck 100% Shawsheen 7s .... 106 Solvay et Cle 8s 107 South gONY BONY so Swi 103% 108% 1073 LOM, 1014 108 is t Bell 7s Tw 25 .. & Cod Bwitt & Co Swift & Co ‘Tidal Osage 7s ... 104 Unton O11 Col 68 ....... 101% 101% 1014 Un Ry Hav 7s ....06. 108% TOUR 100% U S$ Rubber 5 tees 90% 00% 90% Valvorine a 100 «100100 acuum Of 108% 10814 10815 Western £ 108 107% 108 FOREIGN BONDS, Argentine 10034 10025 1008 Can 8 8 7H. WA MWA French 48 ..ec0cccc00025 48M 48 King of Netherland 66. 95% 95 King of Serbs ......... 95% Any Mex Gov 38 ... 10% 10% Mex Gov 68 ....cecc.555 DANG Fy NYNH&H Fr Te... 12% 72% Rep of Peru 8s ........ 99% 94, Russian 6% etfs . + 18% 18K IRN Swiss Gov Sige 105% 104% 104% US Mex 4s... + 80% 38% 38% ee ‘To-Dy. Sterling (par 4.86% p Demand 4.43 ables. 443% Franc (par 19.3 per franc)— Checks .. Cables bab Italy (par 19.8 cents per lira) 442 Checks fear age) MID) 484) Cables cece. 423% 419 LY Germany (par 20.3 cents per gold mark)— Checks sees 00% 08K 07! Switzerland (par 19.3 cents per frane)— Cables .... 18.70 18.75 18.00 Holland (par 40.2 cents per florin)— Cables . a 58.70 BR. Belgium (par 19.3 cents per frane)— Cable Me - - Austria (decimal of a cent to the erown)— Demand .. 0014 001414 0015 Greoce (par 19.3 cents to the drahma: Cablos Ae ee TY Sweeden (par 26.8 cents per crown)— Cables 28.44 26.48 26.50 Norway (par 26.8 cents per crown) — Cables : 16. 16.70 16.6 Denmark (par 26.8 cents per crown)- Cables .. 21.26 21.800 21.45 Spain (par 19.8 cents per peseta)— Cables +1615 15.29 15.50 Hungary (decimal of @ cent to the crown) Demand ......05- 04% 04% 0414 Czecho Slavakia (par 20.8 cente per crown) —~ Demand 3.31 3.36 a5 Poland (decimal of a cent to the mark? Demand 014% 01K 012% Finland (par 19.3 cents per mark) Demark .....--5- 216 818 2.14 Jugo Blavia (decimal of a cent to the erown)— Demand coe MD 30% Roumania (decimal of a cent to the leu)— Demand A a5 06 a Canada (( cent per dollar) Demand 1.1 0.04 99.00 99.96 Japan (par 49.8 cents per yen) Cables 90.04 19.90 90,06 Hongkong (p 82 cents per dollar)— Cables. 7 MT.25 Calcutta (par 32.44 cents per rupee) Cable; 28.00 29.00 trazil (cents per milrelay~ Cables 12.00 18.20 13,75 Chile (par 20.00 cents per paper peso) Cables... - 13.95 «14.25 (13.75 cccmbemeanniicien FIVE HELD IN 85,000 EACH Ay WRECKERS. ppt, V.—-Five with the railroad conr Pennsylvania men arrested petion dynamiting of bridge here last month were held in $5 000 bail each to-day for court. ‘The men under arrest are Daniel Beffany, Horry G. Seidel, Heobert J. Pratt, I Kk All Phillips are sald to have coyfessed. Gregory and L. M. Phillips dium of another cut in prices in order ever, pessimistic statements as to the crude oil outlook, which were so commonly heard as recently as a month ag NOT ON THE TICKER IN WALL STREET An Intimate View of Financial Men and Affairs. ‘canine Plan to Reduce Crude Oil Production Gets a Rude Jolt. By R. R. Batson. There has been warm controversy in the financial district over the future of the oil industry. There have been many—and these included officials of large companics—who insisted in the belief that crudé ofl production should be further reduced through the me- to put the industry on a firmer basis. But in other quarters reduction in output has been decried as unneces- sary, and proponents of this view are having thelr Judgment borne out. When Mid-Continent crude oil was recently cut to $1.26 a barrel, and oil in other flelds was reduced in propor- tion, claims were made that the re- duction was forced by the larger com: panies for the purpose of making easier their acquisition of crude oll supplies, and in order to deplete the alue of properties so that it would be possible to obtain contro! of prom- ising territory at a relatively low cost. ‘These assertions may not have had the slightest foundation in fact. How it now begins to app that’ » had If they did have the oil situation such remarkable little if any warrant. is at that time undergone has change that the larger companies are indulging in a lively scramble to se- cure production and territory whieh promises to be developed into prolific producers ‘There are two excellent r this competition. First, production In Mexico, which at one time amounted to approximately 20 per cent of the world's output is petering out in un- mistakable fashion, The Standard Oi: Company has announced that there is no reasonable hope that the $500,000,000 placed in Mexican prop- erties by investors will be recovered The output of the Transcontinental Company, the Standard Oil unit op- erating in Mexico, has dropped to a minimum, The same is true of other producers, In the judgment of com- potent ofl experts, unless the Mexi- can Petroleum Company, which is re- garded as holding the cream of un- developed territory in that country is able to devélop new sources of sup- ply the output of Mexican oil, in- stead of approximating 20 per cent of the world's production, will drop to a comparatively insignificant per- centage. It is now stated to be down to less than 6 per cent, of the world’s output. Another reason for the competition for oil production and promising ter- ritory is that whereas there was much complaint regarding the comparative lack 0f demand for crude oil a short time back, it apparently has become the consensus of opinion among oil experts that the day is not far dis- tant when demand will tur outstrip production; that it will become a question of where oil can he secured in sufficlent quantities, rather than what can be done with production, Lessons taught by the coal strike, and the practical knowledge gnined by railroad and industrial heads as to the uses to which crude ofl can economically be put have had much to do with recasting opinions. sons for It developed at the recent hearing in Washington on the gasoline situ- ation that while the Standard Oil companies produce approximately 20 per cent. of the oil of this country their holdings of crude oil stocks tn storage aggregated 52% per cent. of the total. That the judgment «* the Standard Oil companies should dic- tate the acquisition of so much of} for storage was somewhat of a Jolt to pessimists on the oil situation. But if reports currently being heard in Wall Street can be relied on, and they have all the ear marks of reliability, the Standard Oll Com- pany is planning to further fortify its position in the domestic ofl indus- try. It is now known that plans for ex- tension of activities have been so de- veloped that negotiations’ are under way for the acquisition of the Pro- ducers and Refining Company, Phil- lips Petroleum, the Cosden Company and the Marland Oi! Company. LEATHER'S INVENTORY, earnings state- CENTRAL The next quartery ment of the Centra Leather Com- pany is awlaited with unusual in- terest by persons who are closest stu- dents of the company's position. It is claimed that earnings will be pretty much what the management wants to make them, The showing so It will be said, will depend largely on what basis the inventory account in figured, Leather prices have cently been advancing. If the man- agement decided to mark inventories up to current market prices the Cen- tral Leather statement should be de- cidedly lavorable re- TOCK ENCMANGE SsBATS pE- CLINE. Value of seats on the New York Stotk Exchanye continue to decline One sold to-day at $86,000. The last previous sale was $90,000. About a month ago .a seat was transferred at| 6,000. The high réeord price is $115,000. > iy 48 id 4 he ath Vietary 4 Me circums should be Jury HAD PREMONITION OF DEATH BEFORE HE WAS STRICKEN Didn't Know He Was to Ba Victim, and Warned Fel-« low Workman. James Spearo, aged fifty-seven, employed for many years at the Van Riper Co, machine belt manufacturers, Paterson, N. Jy sensed the approach of death tos day a few minutes before he waa stricken with a fatal heart ate tack while at work. About 11 o'clock Spearo turned to a fellow workman and saldt “T feel as though going to die. He urged someone {# Death ts near,” the workman to be careful what he at luncheon lest he be poisoned. Spearo ro- sumed his work but shortly after= ward was selzed with a heart at- tack and pitched forward dead. He leaves his wife and ten chil+ dren, living at No, a4 Murray Avenue, Paterson, ALMIRALL JURY ATTACKED BY COURT Judge Martin Criticizes Body in Kilroe Appeal. In reserving decision in the appli cation of former District Attorney Kilroo for permision to inapect the minutes of the Almirall Grand Jury which indelted him for conspiracy and compounding a felony, Justice Martin in equity term of the Supreme Court to-day said from the bench: Abie) serious question under the ances whether these minutes riven to Mr. Kilroe. The Grand Jury just about ran hope that no other Grand ever drawn in New York City will do so."* “One of the best grounds for grant- ing this application is that not single indictment found — by Almiral Grand Jury ever stood the test and the only case where a con viction was had was the Kilpoe case in which the higher court granted a new trial on the ground that the trial Almirall wild, the in the lower court had been unfair." Kilroe was indicted from the fact that while on the staff of Dis trict Attorney Swann he consented to a dismissal of ndictment for gamy brought against Napoleon A Bourasse, broker and former 8 tant United States Attorney, after Rourasse had paid $13,000 to Helen Montrose St. Marie, a motion picture actress, who had complained that he had married her while he was legally married to another woman. —-—-- WOMAN’S DELINQUENCY DUE TO BAD MARRIAGE Talented Masielan, Arrested ay Vagrant Out on Prebation, Mrs. Otsette Calza-Bina, who was ar rested on a charge of vagraney wher found sleeping in a doorway at No. 124 Macdougal Street, two weeks ago, was givén a suspended sentence by Magis trate Ryttenbery in Essex Market Court Inveatigation disclosed that the wo man was well-edueated and a tulented musichin and had concetions of wealth and refinement. An unfortunat r riage had been responsible for het weakened mental and physical condi tion, She had been evicted from severa hotels in Greenwich Village because lack of money to pay her rent. In cout to-day a well-dressed woman who re fused to reveal her identity promised Magistrate Ryttenbers to take care ‘of Mrs. Calz-Bina, who later left the court fp her custody BANKING AND FINANCIA) Only complete record of the active stocks and bonds on the New York Curb Exchange. September issue PRICE RANGE It contains on stocks: range for month —range for year —1921 high and low ~par value —ticker abbreviation dividend rate It contains on bonds: —maturity date —rate —interest dates —month’s high and low price —range for the year ‘phone, write or call at one of our offices and ask for PRICE RANGE. Ready for distribu- tion September 14. 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