The evening world. Newspaper, February 28, 1919, Page 14

. . a se or ee 2on8 SVSNING WURLD, | rn WALL STREET News and Gossip of To-Day’s W.arket—Present and Pu- ture Prices, ——e ' OVERNMENT authorities, working in conjunetion i] with finan- t cial interes out stock swindling, an end to the activ ulent brekerage houses, The Evening World inv whe have been victimized by stock ewindlers or bucket-sh: to send in an account of thei experiences. Communications should be addressed to the Fin- an Editor, Names of corres- pondents will not be used with- jon, eut perm BANKING AND FINANCIAL. ——eEeEee eee MERRITT OIL —History —Properties —Late News —Dividend Possibilities Ths company 4s credited with bringing in ton big wells since the firet of the year. Analysts just compiled is yours for the askii Clip od. or mention M. 0. SCHMIDT & DEERY Members Consolidated Stock Exchange of New York New York Offices 36 Broad St 318 Fit Ave. ‘Tel. Broad 5242 | Tel. Murrey Hill 6550 Phila. Office, 628 Widener Bids, + nee mee een een rete - eet See ee 1918 QUOTATION AND DIVIDEND RECORD CURB STOCKS giving highs, lows, clos- prices and dividends fercad torcentirs year. Ask for Booklet 30". Sent without charge, as wi as the WEEKLY MARKE | LETTER, which gives latest information on active issues, i Charies A. Stoneham & Co. 41 Broad Street, New York BRANCHES: ee | A Sees. Boato: a-Troneter Tointelligently direct the market commitments of investors in the vari ous MINING, OIL and Industrial securities traded in on the New Y‘ Curb we have perfected « brokerage service that for the past 16 years has ered the standard brokerage ciency in every respect. Representation in every mining and oil centre of importance makes it possible for us to furnish ew to the minute information of incalcu- lable value in your market activities. WEEKLY MARKET LETTER, pub- lished every Friday, free on request CHAS. A.STONEHAM& Co. 4) BROAD STREET, + NEW YORK 199+ - NO PROMOTIONS UNION TANK LINE Fem a ‘and future of this Stand- Oil subsidiary set laine in polls letter. WRITE FOR COPY TO-DAY. L, L. WINKELMAN & CO. ated Sock Ex. of N.Y Members | Rew Yort Curl sarkel Ama.” 44 Broad Str New Yor! Wall treet Journal Buiding, TELEPHONE 479 BROAD, Direct Private Wise to Various Marketa | t eee ARTIAL AYMENT LAN geadlee you to scauire securitics on easy payments, Send for our & + Pemphiet covering this method of eH | tangible basis for the marked advance tant i > th: TE EE a Cn [| tene inauen have had. ‘Theve Inter-| Sia blessing to thous 5 y esis contend that the violent ad- | le wer 25 Pine St... N. ¥, Tel. John 1511 B\ vances in Mot Oil and Rubber} COPFRE— ands who have suf- AND ey TO THE PUBLIC, _ —"Ishares tend to hurt public particip ia ig 4 * |tion in the market by causing @ feel- | i fered for ears from t cant 5,20, ‘nlorm you thet 25,000 shares of the] ing of distrust in the legitimacy of | Deswnint ye ES" ‘TRIUMPH OIL AND REFINING co. | ih, rise these and other stocks have | Market closed steady imitating dstubborn rs been minaporoete 4nd the oman doe had. oe ]14.00; June, 14.90 to 14.85; July, 14.03 ani ae 4s a er "isms WHY FATHER WAS PROUD |to 1420; August, 13.00 to 18.96; Se) shin troubles, # BE J. cal MAN 2°00 =| OF SEVEN GIANT Sovs,| tember, 18.75 to 18,80; October, 13.70 to earn MPH On. & REFINING CO. | Prom Londen Opinion.) 18.75; November, 13.60 to 13.65; Desom-|, The use of this wonderful remedy : ee Enter | 461,, gi, sem stantanuer the authors |ter, 1864 to 1886; daxuars co, Drings peaceful sleep and rest to peo- a meer jess and uciress, tells of an incident in| yo 3). vebpuary, 1249 to 13.34 |ple suffering from skin troubles. It LIQUIDS and PASTES: For Black, White,Tan , Iniy in Irelanc A few months ago,” she| 7) eee | stops the itching at once and is very Sh DIVIDEND ‘ PAYING, )/ titi som of Brin'Tived tp Ni’ tamily " soothing and healing wherever the and Ox-Blood (dark brown) Shoes St fever iantllke gone skin is irritated or inflamed, Much STOCKS AND BONDS pan Ain't they fine boys” inquired the sufforlng may be avolded by the use THE F.F,CALLEY CORPORATIONS LTO, ather \ tment, which is good for @UFFALO, Nu Bervice ie at, Your Command, They are,’ f agreed. | geen on . ee Rey tier TABTOOG, eczema, blotches, scaly skin, eruptions, (80 Broad 8. ™ ¥, Tel. Broad 7447-8, Profit taking was in evidence in to- | for the year. day's stock market and prices were about two points from its high record] NY inclined to be reactionary throughot for aji time established last year. jand that, | will not be reduced. the session, although several speciai-) ties made new highs, It was indl- cated that the bulk of the recent large short Interest had been forced to cover thelr committments, This seemed to be particularly true of| motor and oll shares, The opening was irregular, with an evident disposition in motor shares to convert paper profits into cash. General Motors showed an fractional gain but almost immediately declined to 148, points from the close of yesterday. 4 Other motor shares, including Stu Arrow gnd Studebaker, lost @ point or more, ‘There was a pronounced bullish demonstration in American Interna- tional which has been practically dor- mant recently. It sold up to 61 3-4, a gain of 6 3-4 points. The movement neemed to be due entirely to pool | operations. ; On the strength of reports that negotiations are on for the purchase jot & large block of Hide & Leather preferred shares held in Holland, the | common stock wae taken in hand and | marked up 2 1-4 points to a new high This issue is now only Pierce Steel shares were unaffected by the optimistic utterances of Judge Gary. | He stated that the seriousness of the }habor situation had been exaggerated as far as be knew, prices ‘Wall Btreet per- | sists in the belief that prices of din- ished steel products will come down, | And the fact is pointed to that cer- , dered in the Pittsburg district. | tain reductions have already been or- The leading Steel shares, including United States Steel, were fractionally lower. An attempt to depreas copper shares was made by circulation of the false report that the Government will initial | a loss of nearly five! 4 CLOSING STOCK QUOTATIONS. ™ Am Rent Sugar * !{ pany, * % 8 : lincrense § | inc % g $ | aencit $722, year and $535,108 1918, net federal in 1917 profits after tax, $459,212 Net proft charges on preferred stock out of which di- vidends aggregating 4 per cent. were na during year and that in addition per cent. was earned on common aoe Accumulated dividends on preferred now amount to 22 1-4 per cent Atchison: increase $2,19 $1,738,268, decre ating income $429,047, St. Paul: January gross $11,064,718, $3,662,199; deficit after tax $531,761, decrease $71,828; net operating 116, decrease $213,007 Baltimore and Ohio: January gross $13,332,117, increase $6,800,482; deficit January gros $12,028,440, after tax net oper. decrease ba e $339,; $1,704,713, nce Great Norte after tax $1,587,284, decrease $1,280,542; (i Se cs ‘yb net operating deficit $1,706,964, dc Ineaore Con, if | crease $1,477,576 oe ‘| Chicago and North Western: Jan Py tary gross $9,795,841, increase $2,986,- i$ | 238; balance after tax $80,609, increase | *% | $1,176,821; net operating income | sa97,094 N.Y, Central, 4) DIVIDENDS—Pan-American Petr Sirtiorn “Pacts ‘y]and ‘Transp. regular quarterly of Pennwirania K. it ttn ke Want Va. Reming [ten at "Boutieen, Hanif Southern Raitwayd, Stndabaker Op. eran Com Tolmcny are PEST STE Tobsceo Producte—Bx-rights to-day, Total entes, $04,400 shares. A reaction came in the late trading, starting with heavy offerings of Mex. Petroleum. The stock went into new low ground for the week and weak- substantially maintained this year by & heavy volume of equipment orders Atintic Gulf was up 5 at 104 Body eold at 531-2. Fisher which it is believed will soon be| There was an irregular opening. placed. Leather and Tobacco stocks made ‘The session progressed and irregu-|early gains and were bought in large larity continued to the close, volume, The Steel stocks were dull, —-— and Motors were lower, Genera! Financial sentiment now etrongly | Motors opened at 163 1-4 and sold off veers toward the side of optimism. |+, 148 in a few long strings of sales. The better feeling has been brought | american Hide and Leather preferred about by the advance the market ha | repeated its record high at 98 3-8, A had. Three weeks or a month @€0| rush of buying orders in the common Wall Street was unmistakably pessl-/nent the stock up 11-4, to 19 1-2. mestic, Business was poor, compam-| Ruying was credited to the interests | tively, and ‘had every indication of the selling was quite With a large short asily absorbed. Interest having 79 to 81; General Asphalt, 68 1-2, off -4; Inter, Con, Rubber, 19 1-2, up 3-8; was signed the leading motor com-|41 3.4 to 42; Gal, Sig. common, $8 to panies did not have enough pleasure] go, Gosden & Co. 8 to 8 1-8, is one of the big reasons why stocks in this class have been so aggressive- ly bought recently. A big increase in motor business means a big increase in rubber and tire business, #e rubber | , and tire shares have also been active- ly taken in hand by pools. Increased 19 1-8; Sinclair, 28 1-2, off 1-4, MONBY—Mixed collateral op 1-2, high 6, low 5 1-2, ways 5 1-2, ruling 61 high 61 od Rail -2; Ind. openedé, low 6, closed 6, Railways 6, closed 6 $1.75 @ share on preférred, payable April 1, and regular quarterly of $1.25 a share, par $50, on com- mon, payable April 10. The dividend on the common will be pald as nearly |as possible one-half in cash and one- | half in Liberty bonds, 4th issue. Mexican Petroleum, Ltd, reguiar * | quarterly of $2 per share on common and preferred, the common on April 10, preferred April 1, Common dividend is payable one-half cash and one-half Liberty Bonds, 4th issue. Vulcan Detinning, 1 3-4 per cent. on preferred and 1 per cent. on account of back dividends, payable April 20. Yale & Towne Manufacturing Com- sell its stock of copper, which 18 UN-| nese spread to other industrials, pany, regular quarterly 2 1-2 por derstood to amount to more than 190,-| Distillers made a new high for the|cent., payable April 1. 000,000 pqunds, at 12 cents per pound.|year at 687-8, but lost ground.| standard Oil of Kentucky, regular Copper shares aftor declining f{rac-| Am, Locomotive touched 67; Am. Car] quarterly $3, payable April 1. tionally ruled generally steady. &Foundry made record high at 943 Pettibone Milliken Company, regu Equipment stocks are in good de-|Butte & Superior, in anticipation of| jar quarterly 1 3-4 per cent. on first mand throughout and the impreasion|the argument of the U. 8. Surreme| and second preferred, payable April 1 prevails that the excellent earnings |Court in Famous Minerals Beparation| Dodge Mfg. Co., regular quarterly | of these companies in 1918 will be |Company suit, advanced over 4 points.|1 3-4 on preferred; payable April 1. Atlantic Gulf & West Indies, regu Jar quarterly, also $1.25 per share on wreferred for the remaining quarters of 1919, payable July 1, October and Jan. 1, 1920, Yukon-Alagka ‘Trust Company, reg- ular quarterly $1 per share, payable Meroh 31 NOTES—The meeting of the Pennsy! vania Railroad directors to consider the annual report, scheduled for to-day, has been postponed until Monday. Kuhn, Loeb & Co. are making applica tion to Stock Exchange to list so-called dominating the company. United|New York #hares of Royal Dutch Pe- getting poorer. All signs pointed to) Cigar Stores rade a new record high|troleum, now being traded in under the 1 slowing up in practically all lines | at 1-4, Products, ex-rights, sold|™Mlsleading name of “Royal Dutch of industrial activity. The profes-]at 86 3-4, Steel common, ex-dividend, | Shel." sional eloment of the Street, believ- 12 14 per cent, was off 1-4, at 92 7-8, |, Stockholders’ Protective Committee of " 7 é the Savage Arms Corporation, headed ing that they had portents , me by William H. Childs, Preisdent Barrett aright, heavily sold stocks short. But} CURB—Opened steady. Houston Oil, Company, and which is agitating for payment of @ big cash dividend by the company and a reduction of the capital been built up, powerful pools, believ- | Midwest Refining, 169 to 161: Aetna, |Stock, has sent another circular to the ing that the business depression willl 7.8, up 1-8; Moat, 15 1-4 to 16 8-4, Stockholders asking for proxies for an- ve ace’ 2 nu meett a se alert Surety: nn accumu-| Noon Prices: Boat, 148-4, off 1;|°%e! meeting: lated stocks and marked up prices in |inter, Cont, Rubber, 181-2, off 5-8; 4 manner so easy that they them-|atidwest Ret, 167; Asphalt, 68; Royal NEW ORLEANS ENTRIES. selves have been surprised. Dutch Shell, 863-4; Russian 61-28,| ° 5. seria eget Motor, rubber and oil shares have eo "| FAIR GROUNDS, NEW ORLEANS, 68, wp 11-2; Iillinols Central 61-26] 7. 4p, ; been the favorites of these pools for|oe's som 1.4: Merritt, 24 to 241 wi, Feb, 28.—The entries for to-amor the son that companies in these |i.) my, ot. sé Eeltain: ae Th fry rome races are as follows » benefite 01 . ‘ weed RAT RACK Purse, for two lines of industry are benefited most|ig 4.2 to 171-2; Brite-Am. to ; : me r by the coming of pea It has been |543.4 to 251-4; Houston Oil, 79 to stated on what seema to be reliable!gy, Inter, Pet 0 231-2; Sinelair Mi Q b) a + bites z ed unjoy, V3; 119. authority that when the armistice/ cui, 283.4 to 29; United Motorm, WACK—Claiming, three year ohla ata five a bait fun 113; Mist Fauntleroy, 108 er Wi a 108; Rarly Morn. 11 os cars on hand to supply a week's! ‘The close was dy. Houston, 108: Marie Connell, 0 Ww normal peace demand. Motor com-|go 1-2, up 1-2f) Royal Dutch, 1-3, Me Mise, 108; Math Alt panies are confidently preparing for] o¢¢ 1-2; Asphalt, 66 7-8, off 11-8 0, Aimy eligible 4 le 1 : . Churchill Downs, 104; Little Maudie. 4 largo intrease in business, and this|den, 8 1-8, up 1-8; Int. Cont. Rubber, | ge tine lke tite teeaten ty 7 THIRD KAOE Te tex Handicap; for thre year-olds and upward; five and a half furious, Charlie Lesdecker, 110; Amume, 111; Mane Mil ler, 108; Orlando of Hi 103; Frankiin, 115 abil, 110: Hall WoW! Hastings, 112 Kate Hrignt, 107; It Lams, 10M, UIT AOE y; for i 10s; I ruling 6 per cent = A) a motor sales mean @ larger demand) exCHANGE—Clone. There was re-| MINI HAUK—Clalming: four-year.oide ard for oil and gusolene, and Jargely On) newed weakness in francs, checks eb a Sistons this theory ag well as the freer move- ; i falling to 47 5-8 Pesetas were a ment of of] for export, forecasting | «trong feature, cables rising to 21 larger earnings, of shares have been Stockholm cables 28.15. S| sharply bid up. mand, 4.7572 1-2, cables Admitting all the favorable condi-! francs, demand, 6.47 5-8. ie! ME Mtg OL Hons in prospect for these industries, | 54g 3-8; Swiss franca demand, 4.90, oo oo a the more conservative element of the| cables 4.85; guilders, demand, 41, ca street are finding it extremely difficult | blew, #1 1-4, to believe that there i# mufficient war- |rant for Motor, Oil and Rubber shares! GRAIN—Chicago range for to-day cielo jmoving up from 20 to 35 poi as| CORN wer done within the last month, It is a}! abe 0 131% | serious question if pools operating in | stam oN | these stocks have not carried the| }% eat By | movement too far in 80 brief a time. At least it can be said that many] waded al ly for an advance in the general list | Oats Ma wo: July, up SS to | would prefer that pool activities in] Bradstreet grain exports: these shares cease until there is more | 4, ee ta, hands on any of ¢ em except in definse,’ " silf- | BARNINGS—General Baking Com- has proveda Cadum Ointment ine Free made in America ‘ eh preparation from the original formals FAVAY, FOU Aw a ROMANCE FULL OF HOLES. dust Like Dowghnots Saye Bride, Accustng ¥ 46, Lvas, | O’LEARY SUSPECTED LAWYER | Settn,| nd. nis Saye Southerners Are More Clans Than the trish, 1 have just | in my life as there js in the doughnu own refense to-day in his trial for vio I sell,” Mary L. Schmitt, twenty-six, a|lation of the espionage law, swore that bride of four months, told Magistrate|in March and later in 1918 his nerves Short in the New Jersey Avenue Court| so ed that he was wrought n Brooklyn, to-day, when she ap-| up by the playt of his children about appeared to press a charge against the house and other trifling things. N 5 Himrod Stree fe h She hmitt and said he appeared in the bakeshop where she employed and told her if she didn't go back to|firat assigned to this ca live with him, he would. “sh as! you and Attorney General full of holes as her doughnut chmitt! both Southerners, I regarded you with Waa sentenced to thirty daya in the suspicion. There is more clannishness workhouse, mong Southerners than Irish, Lamberts Bee Line to | Diamond Economy HE difference between buying Diamonds at Lamberts |} | and buying them in some other stores is like the difference between getting to your journey’s end | in a bee’ line and taking a long, roundabout road. | The beautiful gems you see at Lamberts in Solitaire Diamond Engagement Rings and other jewelry are direct middleman gets none of your money. go toward a high rent. Neither does a big overhead charge ab- sorb some of your cash. Middlemen’s profit, towering rents importations. The Nor does any of it $100 and fancy fixings in $150 the store necessarily mean high prices, $200 and the absence of them from Lamberts $300 modest establishment means low prices, fac- $450 tory prices in fact. Solitaire Diamond Engagement Rings $10.00 to $1500.00. Men’s Diamond Rings, $12.00 up; Lavallieres of solid 14-karat gold, with a small statist $12.50 up Watch Guarantee Means Much Before we were willing to guaranteee this watch we had an expert in our factory examine every piece of metal in it, to make sure it was fit to sell to a Lambert customer. We do the same thing with all the other watches in the shop al- though we buy from watch- makers whose output keeps time the world over. No pains are too great to insure the sat- isfaction of the watch-buy- 4 ing public in this store, any ieee Walther, established in one neighborhood movement, $66:00; for forty-two (42) At the beginning of the first year of the forty-second, we sold Seamless Solid Gold Wedding Rings. We have sold them ever since, encouraged by their ever-spreading reputation for stanchness, and for a beauty that never grows dim. Your choice among styles. We make no >» charge for engraving 18-karat, $5.75 up 18-karat, $7.00 up 18-harat, $8.50 up 18-karat, $10.00 up #2-karat, $6.50 up #2-karat, $8.50 up #2-karat, $10.50 up ¢-karat, $12.00 up LAMBERT BROTHERS Diamonds —Jewelry—Watches Third Avenue corner 58th Street Store Open Daily Until 6; Saturday Nights Until 9 id 14-karat gold, plain polished, open-fa ewest WHEN you purchase a Pease Player Piano you receive the direct benefit of what three- quarters of a century in. the Piano Manufacturing business has taught us. Each Pease Player Piano is thoroughly representative of the highest class of workmanship, and the combination of Unsurpassed Tone Qualities, Exceptional Durability, and Artistic Case Design insures satisfaction to the most critical. _ When our ONE PRICE system is considered it makes the pur- chase of a Pease Player Piano a first choice. PRICE $550 up Write for Catalogue 1s Taken in Exchange. Convenient Monthly Terms PEASE PIANO CO. 128 West 42d St, N.Y. 34 Flatbush Ave.. 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