{ title: 'The sun. (New York [N.Y.]) 1916-1920, November 01, 1919, Page 12, Image 12', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn83030431/1919-11-01/ed-1/seq-12/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn83030431/1919-11-01/ed-1/seq-12.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn83030431/1919-11-01/ed-1/seq-12/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn83030431/1919-11-01/ed-1/seq-12/ocr.txt', label: 'text/plain', meta: '', }, ] }
Image provided by: New York Public Library
Central Teresa , Sugar Co. Common Traded In on New York Curb.' Bernard J. Ferris Specialist 25 Brotd St, N. Y 'Phone 64 Broid f Investment Securities fc.C.MEGARGEL &Co. 27Pine StreeC-'Neoj'i&- rk. W, F. Ladd & Co. SaeetaMr t Tllnajr, L4d c C. Investment Securities New York Associated Oil Co. of Texas Bought-Sold-Quo- ted Stock will be traded In on the New York Curb Nor. lit Circular on request. Kohn & Company Uembera New York Curb . Market Association V 35 Broad St., New York Telephone S50-SS- 1 Broad Wanted Offerings Aeolian Weber Piano & Pianola Common & Preferred J.K.Rice,Jr.&Co. Phones 400C to 4010 John. 30 Will St.. N. V T r th Suggestions for Investors may be had on request A. B. Leach & Co., Inc. Investment Securities. 62 Cedar St., New York Chicago Philadelphia Boston Buffalo Cleveland Baltimore Minneapolis MONTGOMERY'S CO. 14 Wall Street, New York PHILADELPHIA CHICAGO H. Raphael & Co. Irwalmenl Securities 74 Broadway, New York Telephone 5333.4 Rector Investors read Ik Wall StreetJmal German Ilnuk Statement, Bemjn. Oct 31. The statement of tho Imperial Bank of Germany for tho week ended October 23 shows the following changes. In .marks: Increases Treas- ury notes, 75,331,000 ; notes of other banks, 1,282,000; Investment, 4,100,000 ; circulation, 216,369,000. Decreases Gold, 631,000; total coin and bullion, 405,000; bills discounted,, 2,224,485,000; advances, 3,582,000 ; other securities, lOS.OSO.OOO; deposits, 2,477,188,000; other liabilities 11,900,000. Total gold holdings are given as 1,094,481,000 marks. Pennsylvania Crnde 'Oil Market. On. Cutt. Oct. 31. -- Credit balances. 1 4.2C. Runs, 85,733; average, 78,577. Shipments, 42,644; average, 48,150, FINANCIAL NEWS NEW AND COMMENT Day'a sales Year to date . Dir. PH. Alt, In I. Market Is Active and Strong 43 43 Better Class of Stocks 72 n 76 96 Are' in Lead. 2 1T4 2 46 7 49 60 STRENGTH LASTS ALL DAY 98 99 124 124 .63 63 . Specialties and Steels Bound 102 184 103 135 12 7 Forward in 116 116 7 Spito of News 67 68 4 That Is Depressing. 11 11 80c 86 36 131 132 45 46 ItUtAAd Of nn 11 n Wrtf tied find imm t 69\ 70 rogular stock market, which everybody 129 129 (4.80 had expected on account of the unfa- vorable 80 80 Impression which the market 106 107 created on Thursday, Walt Street had 57 58 an actlvo and remarkably strong- session 44 44 yesterday, with a better class of stooks 65 66 leading than on any other day this week. Tho whole list opened higher and the 97 99 86 80 strength which developed at the outset was continued throughout the day. not 125 135 withstanding' the obstacles placed In the 44 44 way of speculation by tho uncertainty 145 146 over the'eoat etriko situation and the 103 104 very high rates for money. It was In 99 99 truth a very surprising exhibition of 3079; 308 tho market s underljlng strength, which 143 144 was made all the moro convincing by the 65 66 manner In which some of the specialties 20 21 and steel shares leaped forward in lace 66 06 of news which ordinarily might have 7 10 been expected to depress prices any- where 15 25 from 1 to more than 5 points, 3 3 But It was not out of line with what 64 55 Wall Street has boon experiencing. It 125 126 was merely a repetition of what hap 89 90 .pened when the steel strike was first 78 80 called. 187 188 10 Nevertheless commission house senti- ment 72 74 was still very cautious. This was 15 16 not on account of the coal strike or any 145 145 other industrial consideration, but, as 103 105 has been pointed out frequently, because 39 39 of the very uncertain technical situa- tion 60 52 with which the financial district Is 93 94 dealing. This point was again empha- sized 126 127 very strikingly yesterday by the 1 1 sharp rise In call funds to within a point S7 88 of the highest onaclal quotations this year, 102 104 and, furthermore, by the fact that bank- ers 116 116 held out no hope of relief until there 107 107 has been a material, slackening of the 16 17 present once of trading on the Stock Ex- 20 20 change. There were rumors afloat again 67 70 yesterday concerning a statement that 107 109 may bo Issued by the Federal Reserve 133 135. 10 Board on tho speculative situation 10 11 50c and In some quarters an attempt wan 25 made to place such a construction on 82 33 the report of business conditions which 83 84 was published yestertkiy morning by 53 53 agent of the local Reserve Bank. But 70 74 thua far no real Indications have como to 149 160 10 light of any step In this direction by the 98 99 board Itself, although It is well known 106 106 In speculative circles that the majority 56 67 of bankers are opposed to any such wild 44 46 speculation as has gone on recently In 134 135 the Wall Street market. 67 67 No such fears; however, were allowed 42 43 to Interfere with anything that went on 63 C4 in yesterday's market. The share list 90 91 was stronger than ever If anything. Re- public 110 111 Steel, which has been one of the 27 27 leaders of the upward movement, made 63 rv, another very sensational gain, and In- fluenced 20 20 a verv spectacular rise in Lack- awanna, 41 41 another one of the Independents 46 47 which has profited very greatly as a 63 63 result of the war. The rubber stocks 71 71 continued very active, but they did not 70 70 occupy any such leading position as on 95 97 Thursday; but whatever was lacking 19 19 hero in the way of action was moro than 93 94 me.de up by such issues as the tobaccos, 14 14 which reflected the announcement of taking over another largo concern by tho 95 96 United Retail Stores, by the specialties 247 248 and by the oil shares, which gave evi- dence 105 416 of coming back lntoavor with the 43 43 public more strongly than ever before. 83 83 There was still a number of Issues which lagged behind, such as the motors, which 184 16 16 are Just now in the process of readjust- ment after tlvi long advance which they 13 13 have Just experienced. But outside of 3 4 these and the ra'ls the strength yester- day 35 35?; 33 34 was very uniform. The reason that money went so higr. 135 133 3 yesterday, tho rate being 19 per cent, at 104 106 15 16 the closing, undoubtedly was on account of extra demand placed on that market 24 25 by arrangements which had to be made 90 92 to carry stocks over the week end. There 106 107 is no money market on Saturday, and in 11 12 consequence all such arrangements have 152 154 to be made on Friday. Another reason 105 108 for the flurry was the 'proximity of the 61 61 first of the month payments, which will 45 45 bo made to-d- This always places an 2 26 extra strain on the money situation, par- ticularly 183 187 In ''times when there Is a very 81 81 active and rising stock market. Under tho 96 97 circumstances the money market did ex- ceptionally 173 174 well yesterday. Stilt It was 379 3S1 12 no inducement to those who are planning 92 93 operations In the stock market There 86 87 was Improvement In the foreign ex- change 89 90 market yesterday. Francs, which 65 66 have gone ,dcwn steadily for the last 84 84 week, were steadier, and there was a 43 43 sharp rise In Belgian francs. Sterling 40 41 also was slightly higher,. Other rates SO 83 were about unchanged. 62 63 63 65 MONEY AND EXCHANGE. 92 92 68 59 6 5 CALL MONEY, 17 17 Mixed Collateral. All Industrials. 86 87 19 High Low nigh ltw , 139 141 Lt 1 Last 19 62 62 Renewals Renewal! .... ... 9 112 112 Year's high SO Year's hlrb... ... Year's low a Year's low ., ... 3H 26 27 TIME LOANS. 71 72 Mixed Collateral, j All Industrials. 77 78 Sixty day t Isixty days J 25 26 Ninety day Ninety days. 65 66 iFour months 7 Four month 33 3- 4- months 7 Five months iFtTe 8lx months 8 ISIx months 7 48 49 COMMERCIAL TAPER, 158 158 Prime Indorsed BillslSIx months... ...SViatS 106 108 Receivable. I Other Names. 106 10S Sixty days SViSSttrThree to six 32 33 Ninety days....ie5HI month t355i STATEMENT, 67 67 1.20 OLEARINO HOCSE Clearing Ilouae eicharres. 64,355,t02 : bal. 108 anees. 278.101. 3'S; ueuii uui. 108 109 anccs.OH6.wl reaerai rcscno creaii oai. 99 99 36 87 EXCHANGE. DOMESTIC Boston, par; Chicago, par; St. Louis. 2MJ 46 46 3 lie. discount: San Francisco, par: Montreal, 107 112 8M.87H per $1,000 premium: Cincinnati, par; 76 79 ItlnnespoUs, J0o. premium. \l SILVER PRICKS. 100 102 Ear silver in New Tork,fI&K: off ze. : In 212 215 12 London, CSUd., oft Id.; Mexican dollars, MHc, 110 112 off 2X0. : 49 19 Prev. 65 72 Sterling High. Low. Last. Cloae. 61 52 Demand... Jl.ltVi 14.181, 84.HK 7 79 Cables.... 4.17U 4.18!, 4.17 f.KTt 40 42 rDenm'and... 8.77 8.86H 8.79V, S.8T 130 132 Cables 8.76 8.85 1.71 l.3 253 254. U.rl. - 25 26 TlAm.nd... 2.22 2.22 s.js s.so 63 . 64 1.20 s.so Cable i.U t.m JJormil Yesterday's Close 63 54 Rate Demand 12 12 nf Flzoh or Checks. Cabin 28 28 MCS Sterllnr H.1IU Si.17 47 48 5 1213 Pari 8.7814 8.78 22.1 Mark 2 90 2.28 70 3.50 1.1213 Belgium 2 33 8.!) 46 47 Chins 37 38 TJongkong 91 J4 61 62 snantnai .\' 113!) riret-c- e U.oo ls.lo 88 88 40.29 Holland 27\i 3J 22 (4 lmlitt Bombay 42 47 49.84 Japan Yokohama W; (1 CO.OO Philippine Islands Manila ,.. 4S4 49 5.1813 Italy 10.71 19.74 3e 90 hcsndlnavla Stockholm 23 95 14.19 Chrlstlanla 2J.C0 si,75 Copenhagen 21.20 21.25 South America 41.43 lllo K'X sor. l.OSM Argentina (gold).. M; MU 42.84 Buenos Aires 42 2S 42.45 19 20 Spain 11.28 19.23 E 1813 Switzerland .'..IS Gi.46 ItusiiD (currency),. Bid. Ask. COO rubles 8L0O 20.25 100 rubles 6.00 C.2S TIME BILLS ON LONDON. Bankers. I Commsroial. W iltrs $1.124 M daya $.!2W 90 days ,. 4.U W day 4.10K 14 14 83 84 101 103 89 90 7 8 16 17 48 49 136 136 72 73 55 68 64 65 82 33 100 100 85 85 79 80 63 63 61 53 - THE SUN, SATURDAY, NOVEMBER 1, 1919. YORK STOCK EXCHANGE PRICES. Friday, October 31, 1919. 131D. 1013 1,849,300 799,946 158,592,841 117,777,719 High. I Low- - I Clos-ea- t. Bales. IX I est. I lag. 800 Advance Rumely 44 44 48 44 400 Advance Rumely pf. ... 73 7H 73 73 900 AJax Rubber 96 97 94 94 100 Alaska Gold 11 2 2 2 2 1600 Alaska Juneau G M 1 .1 1 1 6000 Allls Chalmers Mfff 46 48 46 46 1400 Am Bank N&to cx dlv... 61 51 49 49 6200 Am Beet Sugar 98 100 98 98 200 Amor Bosch Magnetq... 8300 Am Can 100 Am Con pf 4700 Am Car & Foundry 150 Am Car & Foundry pf . . 1100 Am Cotton Oil 200 Am Druggist Syndicate . 1600 Am Hide & Leather.... 3000 Am Hide & Lcather.pf.. 1400 Am Ico 900 Am Ice pf 47000 Am International Corp. 2200 Am Linseed Co 78001 Am Locomotive 300 Am Malt & Grain 23600 Am Ship & Commerce., 4000 Am Smelt & iter 200 Am Smelt & Ref pf.... 100 Am Smelt Seo A 100 Am Snuff 2800 Am Steel Foundries... 14300 Am Sugar Ref 7100 Am Sumatra Tob 2100 Am Tel & Tel 9600 Am Tobacco naoo Am Woolen 3400 Am Writ Paper pf 200 Am Zinc, L & Smelt... 3400 Anaconda Copper 300 Ann Arbor 200 Ann Arbor pf 1800 Assets Realization 2000 Associated Dry Goods.... 1400 Associated Oil Co 700 Atch, Top & S F cx dlv. . 1100 Atch, Top & Santa Fo pf. 16500 Atl. Gulf .1 W I S S 200 Atl, Gulf SWISS pf. . 50 Auto Sales Corp 46000 Baldwin locomotive AVks 200 Baldwin Locomot Wks pf 900 Baltimore & Ohio 200 Baltimore & Ohio pf 100 Barnet Leather pf 200 Barrett Co 1200 Batopllas Mining 2600 Bethlehem Motors 300! Bethlehem Steel .200 Bethlehem Steel 8 p c pi. 77000 Bethlehem 8teel B 1800 Booth Fisheries 300 Brooklyn Rapid Transit.. .200 Brooklyn Union Gas; 1100 Brown snoe 200 Burns Bros ex dlv 3300 Butte Copper & Zinc 400 Butte & Superior Copper. 900' Caddo Central O & R 5600 California Packing Co.... 6700 California Petroleum .... 100 Calumet & Arizona 1200 Canadian Pacific 100 Case, J I, Thresh Mao pf. 37000 Central Leather 1800 Cerro do Pasco Copper... 100 Certaln-tee- d Prod Corp.. 900 Chandler Motors 300 Chesapeake & Ohio 2500 Chic. Mil & St Paul .i... 400 Chic. Mil & St Paul pf... 500 Chicago & Northwestern. 2600 Chicago Pneumatic Tool. 1200 Chic, Rock Isl & Pac 100 Chic. R I & Pac 6 p c pf . 8800 Chllo Copper 300 Chlno Copper 1400 Colorado Fuel & iron.... 000 Colum Gas & Eleo ox dlv. 33600 Columbia Graphophone .. 100 Consolidated Cigar 500 Consolidated Gas 900 Con Interstate Cal Mln.. 500 Continental Can 13700 Continental Condi' 2700 Continental Candy rts.... 20100 Corn Products Ref 4600 Crucible Steel Co 2200 Cuban-Am- er Sugar 31000 Cuba Cario Sugar 1300 Cuba Cane Sugar pf 100 Del, Lack & Western.... 300 Denver Rio, Grande pr. 200 Domo Mines 200 Duluth, S S & Atl 100 Elk Horn Coal Corp 100 Emerson-Brantin- g 600 Endicott-.Iohnso- n 100 Endicott-Johnso- n pf .... 200 Erie 200 Erie 1st pf 700 Fairbanks Co 6000 Famous Ploycrs-Lnsk- y .. 100 Federal Mln & Smelt 100 Fisher Body Corp 200 Fisher Body Corp pf . . , . . 18000 Fisk Rubber 1600 Frceport Texas 1400 Gaston. Williams & Wig. 200 General Chemical Co 300 General Cigar Co 300 General Cigar Co deb pf. 7800 General Electric Co 3500 General Motors Corp .. . . 100 General Motors Corp pf.. 1100 General Motors Corn deb. 16400 Goodrich, B F lOOlGranby Consol M & S.. 1100 Great Northern pf 900 Great Northern Ore ctfs. 400 Greene Cananea Copper.. 8900 Gulf States Steel 1000 Haskell & Barker Car.... 100 Homestake Mln s 6 days. 800 Illinois Central 2200 Inspiration Con Copper.. 200 Interboro Con Corp 800 Interboro Con Corp pf . . . 100 Int Agrlcul Corrypf...... 200 Int Harvester Co now..., 14900 Int Mer Marino 4P00 Int Mer Marino pf 4300 International Nickel .... 38900 International Paper 600 Internat Paper pr stpd... 100 jewel Tea 100 Jewel Tea pf... 100 Jones Bros Tea. 100 8000 ld Tiro 100 Kr-l-- Tire 8 pc pf cx dlv 400 Kclsey Wheol Co 3600 Kcnnecott Copper 5100 ICeystono Tire & Rubber 7 '200 Kresge Co, S S, pf 7 100 Kress, S H, & Co pf 6 109500 Lackawanna Steel Co . , 1100 Loo Rubber & Tire 1100 Lehigh Valley 7 200 Liggett A M Tobacco pf . 1400 Loose-Wile- s Biscuit 200 Loose-- Biscuit 1st pf.. 600 Lorlllard. P. Tobacco,... 7 200 Louisville & Nashville... 7 900 Manhnt Elevated guar. . 6 200 Marlln Rocliwell Corp . . 2400 Maxwell Motor ,, 1100 Maxwell Motor 1st pf... 700 Maxwell Motor 2d pf.... 4000 May Department Stores. 13100 Mexican Petroleum .... 2 100 Miami Copper ex dlv... 12100 Middle. States Oil ....... 4 21S00 Mldvalo Steel & Ord.... COO Missouri. Kan & Tex . . . 2100 Missouri Pacific 200 Missouri Pacific of. 50 Morris & B3scx ,;. 3 600 Mulllns Body 400 National Acme Co 1000 Nat Aniline & Chem .... 100 Nat Aniline & Chem pf.. 300 1800 100 National Enam & St pf. 2100 National Lead Co 100 1 600 Nevada Con Copper . . 300 Now Orleans, Tex A Si 10 800 New York Air Brake; 6 80Q Now York Central.... 2 2200 Now York Dock....... 2 700 900 New York, N II & II... 7 400 Norfolk ft Western 7 1400 Northern Pacific 6 1000 Nova Ecptla S ft C...,. 41 000 Ohio Cities Gas 3H 100 Ohio Fuel Supply..... CoHttouci on CoIwium ( and T, GOSSIP OP WALL STREET. Steel the Leaders. 1917. Those conservative market leaders 95,871 Day's 155,776,867 who havo been' working beyond union Year hours of late to swing tho market away Net ICaajge. from the oils and the motors and 124 124 123 123 62 63 62 63 108 103 103 103 133 136 182 134 1 116 116 116 116 67 68 67 58 1 10 10 10 10 37 37 36 36 132 133 131 181 45 48 45 45 1 68 70 68 70 3 129 132 129 129 1 '80 80 80 80 105 109 105 107 1 68 58 58 68 43 45 43 44 1 66 66 65 6G 98 98 98 98 80 80 80 80 2 126 i25 126 125 4 44 ' 44 44 44 144 146 144 145 103 104 103 103 99 99 99 99 304 809 303 307 2 140 147 140 143 6 64 67 64 65 2 20 20 20 20 65 66 65 66 1 7 7 7 7 1 15 15 15 15 3 3 3 3 65 66 54 54 124 126 124 126 1 90 90 89 89 79 79 78 79 1 185 192 185 1S7 3 73 73 73 73 .. 15 16 15 15 144 117 143 145 3 104 104 101 104 39 39 39 39 50 60 50 60 94 94 .94 94 125 126 125 126 .- - 1 1 Itt 1 36 -- 87 86 37 t- 1 102 108 102 103 3 116 116 116 116 107 109 106 107 1 17 17 16 16 19 19 19 19 68 68 68 68 1 106 108 106 108 2 131 132 181 132 10 11 10 10 \24 '24 24 24 33 33 32 33 82 84 82 84 1 63 64 53 53 1 71 71 71 71 2 149 149 148 149 1 99 99 99 99 104 107 104 106 2 57 67 57 67 1 44 44 44 44 135 135 134 134 1 67 57 57 57 41 43 41 42 63 64 63 64 1 91 91 90 91 102V!. 110 102 110 10 27 27 27 27 64 64 64 64 21 21 20 20 41 41 41 41 47 47 46 46 1 62 63 62 63 1 71 73 70 71 1 70 70 70 70 96 96 96 96 19 19 19 19 U 93 94 93 91 1 13 14 13 14 1 .. 95 97 94 96 245 250 245 247 -- 1 390 410 386 410 20 43 44 43 43 1 S3 83 82 83 181 181 181 181 2 16 16 15 15 13 13 13 13 4 4 4 4 36 36 36 36 33 33 33 33 186 139 135 135 105 105 105 105 15 16 15 15 24 25 24 25 86 91 86 91 5 107 108 106 107 11 11 11 11 2 151 151 151 161 107 107 107 107 61 62 51 61 46 46 45 45 25 26 25 26 185 185 1S5 185 2 82 82 81 '81 97 97 96 96 173 176 173 173 1 3S0 886 380 380 1 92 92 92 92 87 87 86 87 .. v89 91 88 89 65 66 65 65 84 at 84 84 48 4S 43 48 40 40 40 40 78 84 78 80 4 62 63 62 63 1 63 63 63 63 91 91 91 91 57 58 57 68 1 6 5 6 6 17 18 17 18 1 88 63 S8 88 2 189 141 139 141 2 61 63 61 62 1 112 113 112 112 1 26 27 26 26 70 73 70 72 4 79 79 79 79 26 26 25 23 66 66 66 66 6 34 34 34 34 1 48 48 48 48 16,6 158 156 168 2 107 107 107 107 1 105 107 105 107 2 32 33 32 32 67 68 67 67 108 108 108 108 109 109 109 109 1 94 101 93 99 6 36 37 36 36 46 46 46 46 110 111 110 111 76 79 76 79 2 100 100 100 100 215 215 218 215 2 113 113 113 113 49 49 48 49 70 70 70 70 61 63 51 51 xj 79 79 78 78 1 41 41 41 41 127 131 127 130 6 251 257 251 253 3 25 26 25 26 63 65 62 63 1 68 64 63 53 12 12 12 12 28 28 28 28 47 47 46 47 70 70 70 70 46 47 46 47 37 38 37 37 61 62 60 62 1U 88 88 88 S8 14 14 14 14 83 85 83 83 102 102 102 102 1 89 90 89 89 7 7 7 7 17 17 17 17 .. 48 49 48 49 1 . 138 138 137 187 73 73 72 72 65 59 65 65 64 65 64 64 3 82 83 32 88 100 100 100 100 84 85 84 85 80 82 79 79 53 54 63 63 63 62 62 82 .. Closing. nl. Asked. Yield the other speculative things wlth which tho general public, has been dabbling 100.70 mopped their brows after yesterday's 95.00 close and declared that they aro com 93.00 96.30 96.10 95.20 93.12 93.16 100.96101.50 95.10 95.14 93.24 mencing to seo daylight. For the steel shares fairly boiled yesterday afternoon and, although there were some drastic reactions at tho close, when tho money rate shot to 19, per cent, practically every stock of tho group closed tho day 99.46 99.48 with a respectable gain. Thero was 99.46 99.10 yesterday moro activity In the steel shares than In eny other single day this week and some of it at least repre- sented United switching out of other Issues. Of course In special cases, such as In AngloFrrrch 31 97 Republlo and In Lackawanna, there 1 87 were special considerations back of the 1S6 97 advance', but tho manner In which large 178 07 blocks of buying orders for United 10 8)7 74 States Steel, for example, were thrown 8 yesterday afternoon tnto tho market 3 07 demonstrated that there are a good r,0...d many people yet In the market well up- holstered 10. . . .,.97 with capital who bolleve that 0, , ,90 4 07 tho steel shares nru yet a purchase 3 19. 97 llepnlille Iron nnd Steel. 1 ,V very peculiar condition exists In 37... 17 00 Republic In tho first place It tho pro BO. ..'f. ..97 14 07 fessional opinion Is to be believed It is 1 selling out of lino with other steels. In City of Paris 1 tho second plnce It has accumulated a 1 tough short Interest on the way up 2 4 which Is battling for every Inch of the X..T. ...Oflll ground lost. In some ways the condi- tion 2 In Republlo '.mrallels that which fl prevailed In Crucible some time ago, 0 when the tenacious shorts were obliged United Klngdm to make a private settlement. Tho cur- rent 4 t.Hs 1,71 move in Republic it must bo re 10 membered, started below par. Somo of 1 those who went short of the stock at 1, par and below nre still short. It sold 16 2 yesterday up to 143s and closed tho S day with a net of 11 polnto. One 1 of the saddest features of the situation 44 Is that tho pool that started on its up- ward 10... .97 way stepped out of tho market IS A at 125, at what tho members considered 10 good profits. ?.'ow dark looks are di- rected, Iks 7 at the pool manager wherever ho 5 goes. Tho members of tho pool, al- though 10 they havo added several good 8 1 dollars to their bank rous, aro convincea S that ho knew something. 13 J What la It Going to Dot 9 IV Any good clairvoyant, mind reader, 10 etar gazer or oulja board manipulator 39 1 who can display a union cara ana give Dom Canada any assurance that prognostications will 1421 be at least 50 per cent, correct need 1 not aro fa'r in Wall Street to get a jod. 1928 For Mme of the best little guessers In 8 the district have been' so far wrong In 2 1S31 this market that they have thrown Bep of Cuba away their favorite rabbits' feet which 1904 thev carried for. lo these many years. 6 J3y all rules of averages and speculation 1 tho market should nan, tney say. ncy ChlneseOovt add that It should have halted a con- siderable 6 time ago. With strikes on nnd 8 more strikes threatened and high money Japan eao they Just can t see how the market can 2 eo on uo. Still It does. And since most of uer ntd 1.... these men, who aver for publication that they wouldn't touch the present market NYClty4i) with a ten foot pole, aro sold out bulls 1 one can hardly blame them for hoping singly and In concert that something Adanu 4 Lxp ...Sllj will come along to bring prices Dack to 1 their senses, which they Interpret to AmBmeitat mean at a level at these sold oui 1 bulls can hop nimbly back In. Tho truth AmTT is that many supposed wise men of the 1 Street have missed their market. There 4. aro many bearish market factors abroad, 2,. . but none of them seem to havo the power 11.. to stop the advance. 18.. II.. AmTJtT ScHlplnur tfce Market. 9 Tho manager of n reprecentatlve com 2 841 AmWrliingP mission house in Wall Street declared yesterday afternoon that much market momentum Is being furnished by in and out traders content with a point or so profit and who quickly check heavy losses with stop orders. \I believe this to be true,\ he said, \ because wo are doimr about the same volume of busi ness that wo did back In July and yet our loans aro some 60 per cent, under Bid. I Ask. those of that period.' 9 10 9 9Ti ;il Money Tlnht. 141 143 . mnnar rin V P ft Til ,'i V after- - 68 68 n ID ner mnt ttlut ImfOrn the 100 102 closo and finished at that figure. 75 Y, 77 eral goou-slze- a outsiue loans wero ne- gotiated 62 62 at 20 par cent. It was tho 37 39 second time this year that the money 85 37 rate has touched that figure and un- doubtedly 131?i 132 represented withdrawals and 2i 3 rhlftlng ot lunus incment to me io- - 427s 43 the day at 9 per cent, and Increase In 41H the rate wus gradual and steady. At 1 41tf 42 o'clock the rato was 10 per1 cent.. 22? 28 at 2 o'clock 12, at s:io lf, at z:3U 64 U 64 IT o. o .ir. 1 nnrt nt 3 o'clock III. 34 34 Two large maturities S93i 90 One of them Is tho British loan of 104V, 108 tiQKnnnnnfl niitstimillnir. 20 21 The ouicr is tne rrencn cities iuum, ui aDoul 43t,uuv,uiiu is ouisiunuint. 64 65 In addition November 1 maturities are 3It1 33 reported to bo exceptionally heavy. 28 29 thn nntntnn that the 104 104 money rate will ease considerably after 125 127 93 94 103 103 Comluif Holidays. '22 22 Next Tuesday Election Day will be 81 81 a holiday on tho New York stock 101 102 chango and at the banks and it will 64 65 nrove a welcome one to brokers of the 140 140ft exchange, so ot mem ugam nave 104 105 fallen fr behind In their clerical woik. i073-;:i0- A succession of million-shar- e days this 14 15 month and days approaching the 27 i 29 2,000,000 mark has strained again tho 88 89 machinery of many commission houses, 21 22 and double shifts, which some of them S 9 have put on, havo been ut work con- tinuously 216 220 attempting to catch up. In- cidentally 60 60 a petition is being circulated 76 77 among the members of the exchange for 91 96 holiday armistice day, a on 250 254 11. Yesterday's business fell Just bare- ly short of the 2,000,000 mark. Total 105 106 sales for October will aggregate more 108 108 than 36,000,000 shares, the largest turn- over 25 25 In any month slnco January, 1906, 63 63 when the total Bales were more than 94 95 38,000,000 shares. At no time during 140 140 the month did a full day's business fall 126 127 below tho 1,000,000 share mark, and 48 48 the average for the twenty-si- x business 12 12 days. Including the short Saturday ses- sions, 336 338 was approximately 1,390,000 51 61 shares. 101 10 67 57 I'oaalldlltlea In .Stock, Dividends. 67 68 The possibilities In the forthcoming 41 42 Supreme Court decision on the question 122 123 whether or not stock dividends aro tax- able 53 54 are almost unlimited for large cor- porations, 152 157 surpluses of which have grown '52 52 to largs proportions. They have been 207 209 a potent factor In the current market 11 12 and will remain such until the decision 117 117 be announced. The Standard OH stocks 30 30 probably would roap the largest bene- fit, 85 85 but some of the standard Industrials 106 106 listed on the Stock Exchange will not 36 38 be far behind. Somo Idea of the possi 134 135 bility of dividing this surplus, should 132 131 the Supremo Court decision ,113 114 favor- able, may ho gained from the following table, prepared by a Wall Street statis- tician and showing surpluses and just sha.-- e surpluses of seventeen repre- sentative Industrial stocks. Surplus. Share. Amarloan Oar A Foundry. $31,824, (10 $104 American Woolen 11,714.611 98 Amarloan Sugar Banning, 21,818,420 47 Amarloan Locomuttv ... 21,841,078 17 Central Leather 10.860,053 74 Cruclbla Steel ,.. 28,82(,II2 182 General Electrla 12.2(0,880 44 Oeneral Chemical 11,117,800 102 Goodrich I0,C19,U7 81 International Paper 10,104,881 95 Lackawanna 82,771,280 96 National Biscuit 17,781,788 40 National Lead 18,859,807 78 Republic Iron ft Steel.... 35,122.483 129 United SUItf nubbar 41.848.0(2 in United fitatas ttteeU 48(,tM20 91 Wilson Oo 1,7$,2 98 80 BONDS IN NEW VoRK STOCK EXCHANGE. 93.12 93.22 gain which 106 Friday, October 31, 1919. 1919 sales . , $13,686,000 $9,284,000 to date.. k 2,885.503,000 1,491,741,000 RANGE OF LIBERTY BONDS. Sales (In $l,000a). Open. High. Low. 100.80 3.43 897 3s (1932-47- ) ......100.94 100.98' 100.64 4.31 65 1st CV. 4s (1932-47)- .. 95.00 95.00 95.00 4.47 201 2d 4s (1927-42- ) 93.16 93.20 93.00 4.65 135 1st cv, 4s (1932-4- 7) 95.00 95.20 95.00 4.72 783 2d CV. 4s (1927-4- 2) 93.18 93.20 93.02 ., 4.89 1,957 3d 4 Vis (1928) 95.16 95.0S 4.78 3,236 4th 4s (1933-3S).- .. 93.30 93.33 4.8S 2,589 Vic. 4s (1922-23).- .. 99.62 99.52 99.46 3.89 430 Vic. 3s (1922-23).- .. 99.50 99.54 99.48 States, Foreign Governments, Railroad, Industrial and tslAmTAT clt 4s O Mat St Per Ind lllAIowa 4s Mldrate Htl is 6 70 4K 7 701s 1 87 1 701 o 8 7334 Interb R T ref 3 S04 Armour 4K 1 731 fa 190S 1 861 3 824 3 73 45 ..831s1 1 87 3 82's 21 73U 09... ...83 Mo Kan&Ok Ss or AT SF (ten 4a O M A St 1' fd 0.... ...5.31s 1 09 007S 7 79I4 11... ...A3 Mo K A Tex 2d 10 70 0 63 20... ...8214 2 34 8 3 787g Chi Mil & St P 20... ...821 Mo Pao gm 4i 12 78-1- O & P W 5s 10... ...S24 2 671 8 O 79U 2 08 20... ...62 12 6738 7 79 C & N W grata ...5134 II 67 Od'slATASKartJis 1 98 31... ...62 Mont Pwr 5s stamped O NWrmli 1... ...62U 2 885s 0078 2 731a 2.. 79 1... ...5134 Nat Tulie 8s V7 lAT&HFBhl, 4s Chlltl&PBy 4s 6... ...Si's 2 9JI4 15-1-0 2 70 1 73 10.... ...5H4 NewOrlTerTsA I AtCoaatl.lne 4s ChlBt&P ref 4s 3..., ...517fl 1 6914 5 78 8 67 0... ...611' 1 69 S738 1 7014 12 667S 10... ...AIM NO Tex & M Si fi At O Line clt 4a 3 C6I4 20... ...61 1 64rt .801s 6.1 731a 2 6' 78 2.. ...81&8 6 6434 90 Bait or Cbii Chi tin Stn 4Ua 2 5178 N Y Oen deb 6s 9818 28 OM4 2 83 8 3 S1U 1 04' 00 15 058 Chi & W Ind 4s ...81 1 9414 BftO9al0?8 2 CO 7.... ,..614 941 96 1 804 Chile Copper 7s 26..,. ...61 4:::: 94U O5I4 IS O8I4 in n;ig 1.... ,..60l4 10 941 90 1 68 4 112 12.... ,..81 18 94 1 ... ... 00U 1 1121a 6. ..6O-J- N V Cen 2Hs n O cr 4( 13 112 Interboro-M- et 10 70 97 2 09 o 113 col trust NYC&StLdb4s 971ll 4 08Tb 7 1131 0 25 3 76 9738, BaliAO mid 4s Chile Corner \ 10 251 NY lat KM II 07141 1 OHIB 28 87 1 23 k P5s 978 4 09 1 861 1 1.2434 0 S018 97U Balt&Ohlo !Hl 1 86g 20 25 n y it n a 11 978 2.. 84 13 80 8 241 CT 61 9714 S 84-1- CCC&StL 4Hs Int Agr Ch 5s 1 741 973s BattAOSW24 1 801 1 84 N adJSs 7 8U 1 798 .\. 84l8 32 8 97IqB&OPLE& 6 80 I...- -. ...8414 N Y Tel deb 81 973. WVa4a Col So rxt 4 Ml 1 837g 8 09U 071.1 6 1 797S Int M Marine 8s 11 tiOIfi Beth Stl tin is ComTabBec 6s 2 97 NVIelgm4Wi 929. 9 88 1 SSU 2 9034 1 86I4 OTIj BethStl (a 1934 Con Gas cr 8s 21 VI- - 2 86U 2s 16 871j IS 997g 7 9034 NYWeatchcafr 923( 6t 7Av cn Dol&Bud cr Ss Iowa Central 4s r i iz- - 929a 2 49 9 86S4 8 4334 9 43 938a Bap It 7s Den at Bio O 4s 4 433a NorffcW cv 61 WJIol S OO 27... ....045, 1 43 4 105 929a BIcp Bap Tr 8s Den BO refta KCFtS &M 6s 4 1041 921 7 3Z 1 66I4 2 101 1 10434 023g Bkn B Tts I Detroit Cn 4K Kan C flo ref 5s 7 104I1 021? 8 30 2 69 1 77 Norfolk tWU 92U Oal Oaa & E 8s Erie 1st con 7a Kan City So 3s 4 791 8s 10 001 3 991 14 571 a 1 70U 9038 2 998 KanCltyTer 4s 11. (30... 79 9714 1 (W8 Eric 1st con 4s 1 741 NorfAW dlT 44 4 91 1 60 LACIt Stl M 1823 1 J8 S518 2 OOI2 3. 69 1 961a flortnernrar 43 Cent Pacific 1st Erie ct 4a scr A Lack Stl 8s 1959, 1 78 03 . 76J4 1 414 0 ...97 8 771 5s 10 78U 1 42 16 9734 23 7738 Cent Pac IWi 3 41 1 981 j Northern Pac Js 1 82 4 Erie cv 41 sec B 1U w 1 60 O O CT ( 48 3 42 60 100 S 60l8 783a 8 833a Erie cr 4s Ber D 6 oqi 28 .S30... CO 10 83 14 2S 4SI8 60 100 Or & Cal 1st ts C rr 4Hs 4 45 3 9918 3 943s 1 79 3... ....4.M8 10 99 14 941 ranii Chea O Mm 2... ...461 60 100 z va 8314 1 778 4... ...451s 10 100U 3 971g Chi Alton Ss 8... ,...45 10 101 Pac Tel & T 5s 1 4C?s 10. .451 25 103 4 908 CBAQ Joint 4s Erie ten 4s 4 101 renna ts 1918 10 95I4 1 4SI4 1 1011 39 93 1 9638 6 43 10 1UI 8 03ls ChlBAQ gm 4s 3 4RU L8&M8 4s 1831 9 027g 4s 1 81 Erie Penn Coal 27 851 6 V3 50 2 801) col tr 4a Lehlah Val as Penn am 4Ws A 501 3 4 80 6 82 1 1015a 1 846 11 as ChlacEastlll 6a Gtiir&shipiiss Liggett & M 7s IS 811 861 2 72 1 73 o 111 t'enna 4Hs 1921 CnMrTtHstlll 4a liar Ieml I'd 4s Liggett & II ri Ui34 1 2Sl8 1 70 2 92 Pierce Oil ts 1008 Chi Ot Went 4 Bud M fdg 5 905s 1924 .100 1 661 te Scries A Lou at Nash 4s 9 1049s .IOOI4 2 8 0 56 11 S3 P Lorlllard 7a ..1001s Ch Ind A Bo 4s 1 551 Lou ft NStLte 4 110 ..10014 4 7018 6. .S30..66 1 99'4 Pub Serv Corp .100 CMatMP CT 5s 21 ....6618 Machat lty 4s cfNJts 1 73lg nudkllan ndl 6 50 3 65 4 73 3 14 2 501 12 61 8 7314 2 131 Minn 8c St L ts Beading gm 4s 2 723g 5 131a 2 411 6 821 C H&Stl'gni 1 13 6... 1 821s, 4H 2 14 5 1..4134 2 82 1 7C1 Illinois Stl 4Ki MStPiSSil 41 BepI&S ts 1940 1 77 12 84a 2 833s 6 941l 9134 Bep ofCubatWs J 6H4 611 971a CT (H 2......100U dt Im 861 3 85lg 9 S5 AmT&T cv4h'j 3 7s 1 S3 Sev are duo which many many November prove 1918. 95.18 93.20 4KS 897g Bway Ban NEW YORK STOCK EXCHANGE PRICES. Continued from Columns 3 and 4. lOpcn-- I nigh Inc 42 In t. Sales. 50c l'OOIOklahoma I'rod & Ref... I0 10 4400 Ontario Silver Mttilng. 9 9 9l 5 1100 Otis Elevator 1393. 145 138 3 12001 Owens Bottle Co 63 69 6S 7 200 Owens Bottle Co pf 100 100 100 3 300 Pacific Development...,. 70 76 75! 5 700 Pacific Gas & Electric... 62 62 1 100 Pacific Mall 38 38 38l 100 Pacific Tel & Tel - 35 35 9400 Pan-Am- or Petrol & T.... 131 134 130,122 400 Pan-.- m Petrol & T rts.. 2 2 2l 2300 Pennsylvania R R ex dlv 42 42! 41C-- i 2300 Penn Seaboard Steel 40' 100 Peoples Gau. Chicago.... 41 41 41 600Pere Marquette. 23 23 22 100 Pcro Mar prior pf ex div. G4 61 300 Philadelphia Co 34 34 34 18100 Pierce-Arro- Motor. 86 90 86 100 Plerce-Arro- w Motor pf.. 105 105 105 1400 Pierce OILCorp 20 20 20 100 Plerco OiTCorp pf 105 105 105 2900 Pittsburg Coal of Pa 621: 65 100 Pittsburg & West Va.... 32 32' 321 1000 Pond Creek Coal 29 29 28 ; 11200 Pressed Steel Car. ...... 100 104 '100 PC0 Pullman Co ex illv 123 123U23'123 12200 Punla Alegre Sugar 95 95' 93 2300 Railway Steel Spring.... 100 103,100'10338 ' 73 74 109 109 115 116 80 80 13 13 78 79 114 115 77 79 29 30 11 12 22 24 1116 117 67 57 75 76 34 34 83 84 1115 116 cat. 42 61 42 41 42 64 62 200 Ray Consol Cop 22 22! 22 2200 Reading 81 81( 80 7400IRemlngton Typewriter... 100 105 98 16500iRepubllc Motor Truck... 65 66 55 148000i Republic Iron & Steel.... 130 143 138 100 Republic Iron & Stl pf... 104 104 104 65 108 14 63 48 51 67 25600 Royal Dutch Co N Y 106 1 lOOiSt Joseph Lead 14 100 St Louis Southwest pf... 27 Savage Arms Corp 90 2100 Saxon Motor 21 22 200 Seaboard Air Lino 9 9 9 Sears-nocbuc- k Co ex dlv 218 218 139600 Sinclair Consol Oil 60 61 60 6 16500 Sloss-She- ff S & I ex dlv.. 72 72 7 100 Sloss-Sheffle- ld S & I pf 94 1200 South P R Sugar 245 245 8 100 South P R Sugar pf 116 115 115 6 16900 Southern Pacific. 107 107 1200 Southern Railway 24 6 500 Southern Railway pf 63 63 63 4 2200 Stromberg Carburetor. 94 95 93 4 44200 Studcbaker\ Corp 6 700 Stutz Motor 128 128 3 IffOO Superior Steel ,Corp 47 900 Tcnn Cop & Chem 12 12 10 6800 Texas Co 342 336 2800 Texas & Pacific 52 51 'o 3200 Tobacco Products ex dlv 102 101 17600 Transcontinental Oil 55 67 'o 1400 Transuo & Wilis Steel... 66 6300Unlon Oil. 42 io 1800 Union Pacific 123 123 122 4 3700 United Alloy Steel 64 200 United Drug Co 152 152 152 3 100 Ulnlted Drug Co 1st pf... 52 52 10 2800 United Fruit Co 211 211 208 100 United Ry Investment... 11 11 11 52000 United Retail Stores 117 118 116 1700 USUI Pino & Fdry.... 30 1900 U S Food Prod Corp 85 86 85 2200 U S Ind Alcohol 106 106 106 300 U 8 Ind Alcohol rts 35 76700 U S Rubber 134 138 134 200 U S Rubber full paid.... 134 135 134 U S Rubber 1st pf 113 113 113, 3400 U S Smelting, U & M 74 \4 73 241500 U S 10$ 110 108 600 U S pf 115 115 115 2300 Utah Copper 80 100 Utah Sec Corp 13 13 13 400 Chem 77 77 100 Chom pf.... 114 114 114 600 Va Iron, Coal & Coke.... 77 600 Wabash A 400! Western Maryland 11 200 Western Pacific 23 23 23 600 Westlnghouse Air Brake. 114 116 111 34C00 AVestlnghouse K A M..., 56 '68 56 'j 29) 11, 7700 Whlto Motor 75 76! 13300 Willys-Overlan- d Vi 1700 Wilson & Co 84 82 ioo Wool worth. F W. pf 115 115a 116 3100 \Worthlngton Pump.... 109 106 31 300 Tr'ortlilnBton Pump pf 80 80 80 107 DNREST TEMPERS TRADE OPTIMISM 1917. $5,780,000 851,291100 Last. Chgs. Not Labor Restlessness Oasts on 100.70 96.00 .20 Outlook Shadow Which 93.00 95.20 .20 .16 Is Deepening'. 93.16 .04 95.14 .08 MICES HAVE ADVANCED 93.21 .04 99.46 .08 99.62 .02 Evidences of .Contraction of Other Bonds Hctnil Trado Show Plainly BtL&IronM 6 03 5s In Sections. j BtLft Ran Fran Eerlea A 11. 67 8... .S71g That the present labor unrest, coming 10.... .67 months of disaffection, casts a 20.... .87Ig 29... .67 deepening shadow over tho economic 43.... .6014 outlook and tempers tho optimism en- gendered 10.,.. .67 21. .6034 by present business activity In 8tL Series A SanFran II many quarters, Is asserted In a trade re- view, 2....-...68- I\. Issued to-d- Another review 4 81 10 OSU declares that finance, trade and lndus-tr- y- l 68lg have displayed really remarkable 8tL& SanFran Incla steadiness and equanimity considering 6 401 the nature of the blow aimed at the 6 41, StLoulsSW 1st country's Industrial llfo. 6 621 nroffsfreet'a will say y In part: 8PM&MM ex4s \Except at a few strike ridden commu- nities, 1 SOU notably New York city, some 1 SOU Seabd A L ndj coal mining sections and a fowvof the 3 40U smaller steel centres, where reUuced 1 40 wage payments are affecting some lines, Seabd AL ref 4s retail buying does not Beem to have been 1 48 affected materially and at the grcnt ma SoutbPac ct 5s 10 108 jority of cities purchasing continues 20... ..1081 nctlve with some noting cool .weather as 30 10SU stimulating trade, whlto others report 10 10S1R that excessive rains and bad roads, nota SoutbPac 11..S30..N133 cr 4s bly West and South, slow) things a little. 1 82 In wholesale and Jobbing lines the report SoutbPac ref 4s Is practically c clean sheet as regards 3 7SI4 good trade, and the only complaint Is 6 783s one of delayed receipts of supplies of South Pac 4s 1 7144 goods or materials adequate for existing 1 71U demand. Owing to the possibilities 8oPacSPter4s reduced fuel supplies affecting output, 2 761 the country's Industries show perhaps the Southern By ts most concern, this because large addi- tional Z H71 ThlrdAv ref a demands are reported piling up on 6 40 U already filled order books. Complaints of labor scarcity and Inefficiency pre- venting 1 93 manufacturers equalling outputs UnPac ts 1 1021 others years come as heretofore. 5 103 DnlonPaclflc 4s Prices nave Strengthened. 1 84 \Prices have strengthened quite no 2 841 Un BB SF fdg ticeably, sharpest Increases being In Un Trust ctts basic supplies such as pig iron, semi- finished 20 28 steel and coke, but It is worth UnltadBylnTSs noting that the possibilities of retarded 40 70 or checked receipts of foods and animals CSBealty&I Ss 1 78 from the farms have resulted In slightly U 8 Bubber 5s hteher prices of leading foods at whole- sale. 3 871 Groceries have stiffened on larger 8 87U buying, and so also have cotton goods. In 1 87lg which renewed activity has developed 2 87U 1 871 at big primary markets. Raw cotton US Smelting ts has advanced sharply, but for reasons-- bad 11 107 crop reports, flue to threo weeks or V B Steel tt U a month's rains In some sections not 1 99 14 connected with tho coal strike, white to- bacco 3 3...C..100 9914 at some primary markets has 1 93a reached unprecedented price level on 4. 9B14 short crop reports. With few exceptions, 11 100 however, the general price movement Uuh.t North Ss bo said to reflect quite sharply tho 1 93s Wabash 1st response of the markets to the demands a, .VIM4 of labor for a still larger share of the Wnbaab 2d profits alleged to lie In tho present ac- tive 4 8134 trade and Industrial situation. Such 1 811 an lmmedlato reflection of the fact that Western 1 Elec 971 Ss labor costs are the basis of much of the WHaon&Oo 1st prevailing high level of all values 11 99 rarely before been afforded.\ Wilson 8c Co cr Dun's Review says part: \With 1 971 some strikes reaching a settlement and II 978 3 97U others apparently nearlng a conclusion, 8 978 the situation would be less disturbing If Wis Central 4s fresh troubles were not constantly arts- - 1 6934 Ing or If there were definite assurance that more stable conditions would soon be witnessed. Yet demands for adjust- ments In wages and houro of employ- ment have continued In manufacturing and mercantile channels and pros-pect- s have not been Improved by the menace Net of a walkout among bituminous coal Change. miners and tho possibility of still greater 10HI Inconvenience to the country's Industries, 9 U43 Workers nnrc Loss Ilnylnir rower. 1 \Tho disorganization which results 'inn 1 from the many existing controversies \5! and the decreased efficiency of labor not 62 1 alone seriously rebtrlcts production and tends to advance prices fcy further de- pleting already meagre stocks ot various 1 commodities, but also diminishes pur- chasing power of thousands of worker, and evidences of a contraction of retail 2 trad? are more plainly discernible In 1 some sections. \While distribution to consumers 64 mains remarknbly heavy, with demands 34 for the costliest goods a conspicuous fea 89 2 ture In many Instances, yet buying 105 3 abated In localities where 20 strikes have been of protracted duration, 105 and despatches from parts of the Pacific 64 coast, where operations at the shipyards 1 have been Interrupted, Indicate rsnialler movemcnt high priced mcrcha'idlFe 4 .The prevailing condition, however con \ Jtlnues one ot Inability to fully meet re quirements, and many sellers are select 3 Ing, rather than soliciting, their custom ers, and find allotment of supplies neces- sary. \ So long as labor unrest Is prenem In aggravated form, with a consequent 12 limitation of outputs, the scarcity of 11 goods will not be quickly remedied, nor 1 will readjustment of prices to a less In 1 Hated position be an early development ROBERT H. TRBMAN RESIGNS. \ Will Continue io Serve an Director 9 218 'o of I'rileral Ilrarrve llnnk. 60 Robert 11. Treman, senior depuo 76 14 governor of the Federal Reserve Hank 94 of New York, has resigned from active 257 12 service for that Institution. The an- nouncement 115 of his resignation, effcctlvo 108 1 nt the close of business yesterday, was 25 made by Pierre Jay, Federal Reserve 1 Agent. 1 Mr. Jay. stated that In July, 1916, when Governor Stroruj's health nccessl 6 tated his taking a long rest, the directors 2 Si requested Mr. Trcman, who Is president the Tompkins County National Bank of Ithaca, and has bcon a director of the Federal Reserve Bank slnco Its organ- ization, to undertake active service In 1 the bank as ItB deputy governor, After 2 Mr. Strong's return, nt tho time that tho United States entered the war, he 4- - yielded to the urging of the directors to 1 continue In that office to assist 152 3 In the work of financing the war but 52 only with tlis understanding that ho 208 1 might retire when that work grow 11 pressing. For more than three 117 'i he has served as senior deputy gov- ernor 30 1 of the bank and. In Gov. Strong's 85 absence, as acting governor. 100 In addition to the general duties of 1 his office he has assumed from the out- set lesponslblllty for distribution 135 2 135 United States certificates of Indebted- ness, In which the Hocond Federal 113) 73 -'- \ district led all others In volume 109! 1 purchased. 115 Although Mr. Trcman resumes his 80 Ithaca residence will continue to act as a Federal Reserve Bank director u 78 1 Pari llnurae Trading-- . 111 \ 77 Paris, Oct. 31. Prices were firm on \ tho Bourse Three per conL rentes, 69 frnncs 10 centimes for cashj Exchange on Iindon, 30 frnnci SO cen 116 '3 times. Five per cent. loan. 90 francs u centimes. Tne dollar wni quoted nt S 76 1 fr mcs 81 centimes. 34 84 1 i:inorts Prom N- - York. 115 Rye, 164,863 bu. grass Feed, 131 bags 107 1 flour, 6,005 sacks: hops, 652 bales! lubri- cating oil, 277,200 gals. I.OW- - Clos-- eat. 1 Ing. 3S 35 2 41 23 10 ' 35 32 2S 1104 93 22 81 101 ! 1140 104 110(5 107 14! 14i 27 27' 27 94 137I140 127'127 j 12! 12 33C 101 67 66! 41l 41 122 S.70 800. 90 21 . 200 21S 79 . . 94 94 20 257 108 25 25 . . 139 141 47 4S 341 62 102 65 68 41 61 51 62 . 29 29 37 33 100 ' . . . , Steel Steel 79 79 78 76 73 nf 29 29 11 I 71 34 35 34 82 108 V. , . after . ' , ot ' of v i t may ,. . , has In 10 68 of - of 53 less years 37 of j he 13 29 11 23 77 57 ; , 80
