The evening world. Newspaper, March 10, 1919, Page 6

WALL STREET History Market—Present and Fu- Properties —Earnings ture Prices, —Dividends —Market Range OVERNMENT = authoritiss, other important data working nies tebacce. com Lad ad with respo Interests, ere beginning an ag- aressive campaign to stamp out stock swindling, and to put an i Scumint & DEERY mi tran Members World invites readers who have” Consolidated Stock Exchange of NewYork New York Offices “TIA” FOR TIRED Haga, | AT AS, Phila. Office, 62% Widener Bide. LOCOMOTIVE An extraordinary investment me- dium of rare ealibre, We have sis for dist Li intereated, write for Special Lewer 46 L. L. Winkelman & Co. ‘a careful analy- Pee Oke we direct Patents Wire to Various Markets “Tin” makes and sore-proof STOCKS AND BONDS | Our Service Is at Your Command. Eugene !, Callahan & Co. 50 road 6t.. N. Ve Tel. Broad T447-0. | and bunions. foot-gladdener known, Sunday World Wants Work Monday Morning Wonders Ses | whole year. sweaty, sme | At fin tried shoes w feet; you you'll Accept no sub. Thirty-fourth Street A Special and Unusual Sale of and other interesting articles from the far East, will take place to-morrow (Tuesday) in the Oriental section of the Fancy Needle= i, work Department. Tempting Values will be offered CHINESE EMBROIDERIES Mandarin Skirts $7.50 & 12.50 Sleeve Bands 60c., 1.10 & 1.75 Centerpieces . 3.00 & 6.50 * Motifs for applique . . . Sc. TINSEL TAPESTRIES Library Scarfs . .. $1.35 & 2.25 Table Covers a ane 95c. & 1.90 Pillow Covers (silk-backed) ae 85c. > Also a limited number of Carved Trays ° Se. , (Fourth Floor) . . . Sweater Novelties now being shown for Women's and Misses’ Spring and Summer wear, include some new and exclusive effects in fibre matelasse—a recent innovation which has won speedy popularity. Practically everything that is new and desir- able in sweater fashions, in silk or im weol, may be obtained in the Sweater Department. The smartest color effects are prominently featured, (T' rd Floor) News and Gossip of To-Day’s PURFED-UP FER? y| Railroads were We Specialize Only in You're footsick! Your feet fee tired, ju ffed-up, hafed, aching, DIVIDEND PAYING _ || tite; puffed-up, | chated feet remarkably fresh | points. “Tix” takes the pain and burn right out of corns, callouses “Tie” is the grandest the world has ever Get a 25-cent box of “fiz” at any drug store and end foot torture for a ever have tired, aching y i only wish you had THE GVENING WORLD, MUNVAY, MARUM 10, ‘1p19. been victimized by stock swin- diers or bucket-Mops to jooount of their Communica’ dressed to the Financial Editor. Names of correspondents will not be used without permission. That the publicdappetite for stoeks hae been whetted by the success of pools Ww marking up ‘quotations of their favorite specialties was clearly shown to-day. Outside buying orders were larger than for any previoug day this year. $ At whe opening there wes shown to be an accumulation of over the week- end buying, orders. Prices opened generally higher, With General Motors, rich and equipment stocks being featured. Both Tails and Steel stocks were heavily bought and showed gains ranging from fractions to more than a point and a half. U, 8. Steel was the centre of inter Jost, Bearish professionals sold this Instant religh for sore, aching, tender ixwue vigorously in the face of LIMA feet and strength in the rest of the List, and corns. the best the #tock could do was to soore an. advance of one-half ‘point over Saturday’ close, while certain other industrials were advancing from two to four points. Later in the seanion Steel Feacted to below the final price of Saturday, bears being aided by the unfilled tonnage state- ment which showed a loss in unfin- [ished business for February of 673,000 tons. The amount of unfilled busi- ness on the books of the Steel Cor- poration is now smatier than at any September, 1915 in strong |time since demand |Reading was the leader of this group, At one time it showed a gain of 13-8 The floating supply of this stock ig #0 small it lends itself readily to manipulation. Union Pacific, St Paul and, Great Northern were also well bought. ‘These stocks were by Washington despatches stated that tentative plans for railroads had been formu helped which financing lated led the copper group end by y had guined 21-4 points, It spiration, Anaconda and the minor CLOSING QUOTATIONS. ett June, 16.02 016,04; July, 14.69) © copper shares sold up in sympathy. -—— ‘hanane August, 145141453; Sep- ‘There was the usual bAaliiah demon High. Jae Laat, N.C. [tomber, 14,88.014.25; October, 14.25 0 stration in Mexican Petroleum and|Am cart oe ise i “114.27; November, 14.16014.18; De- General Motors. Rawat! re. — iS jecember, 14.08a1410; January, 14.03a Shortly after midday the inabifity t G [405s February, 14.080 14.05; March, of Steel, which is tho real market] | ed 8 14.08, leader, to foolow the advances in S| GRALN—Chicago range for day: other parts of the list induced con- Ii 5+ 8 CORN. siderable profit taking and recessions q ae | from the highs of the day were gen- #2-— 4 eral. The opinion was voleed in many |! 1gk = By quarters that the market has be-|<¢ Sm py come overbought and needs u reac- Bey t 2) Further irregularity developed in 2° +,% the last hour with gains and losses | f bse +38] for the day being pretty evenly di- Rae He + 18 | vided. Transactions were the heav- | frmvition ‘copper: 4s at oR lest of the year, . io tz sews rity ue “ up 264 to:®, Outs—May up 15-8 to There are a large number of as- wy Rt 18-4; July up 17-8 to 2. tute Judges of market conditions who 100% 307 10, COTTON—Range for day: believe that the spirit of stock spec- woe ivy ts yanaGld_ Oomtrts, Open, Mn Low, Last, ulation is now growing so rapidly 40% 46% Si iin seed oo 8.39 B45 that within a month million-share BR? Ry t 3 wy BW) Bebo days will be the rule rather than] S18 (it ae 82 el 9.00 Wy. the exception, Public participation | Hem. it. 1 #8 aE 4 sm me 0 in the market has recently become | jiwallog .-.. ue 4 | Bs ii doe as larger and larger. Friday was the Erion Kadi P Atty | Wish dead tis ee ae first million-share day this year. | Zenner nalbw : BF | ned turday transactions ran over ‘ . wy yy Ss | The New York Cotton Exchange 10,000 shares in a two-hour session at y* — {f| Issuage the following statement; “Mr. and Stock Exchange members are | : BY Bw = 4 requests that until further wagering that there will be at least ° Mf, ty) tb fn re v4 Cotton Exchange three days this week that transac- 5, ne ‘tan ‘ta + 1% | dence they maby Tine tages clears tions will run @ milton shares or| Wein BBM dom Sy 4b ® [eontracta we Aad bs iad LIBE, 3ONDS-— A. lesee tasapure’ ot credit teelauc,. ne ae) Bea BARNINGS—American Telephone whipping up public interest must be |! Boo 419/and Telegraph Company, year 1918 Se oR 2%’ net income available for dividends of even) tee vatioue Gye Srererve. = i ate bs Of $0 | $49,901,321, equal to $9.93 a share industrial stocks who, sensing a ma- | 51 440.000.) 6 24 Se $i Carmed' on’ $401,007,588 ataok, ganinat terial improvement in business con. ditions in the near future, marked up the prices of their favorite special- tles when news announcements were decidedly against them, The suc- cess of these pools, together with more tangible indications that busi- ness readjustments from a war to a peace basis are fast being completed, is having phe effect of bringing the public in the market on a large scale for the first time in six months or more. ‘There are several developments promised for this week which are |B. Altman & Cao. MADISON AVENUE -FIFTH AVENUE, NEW YORK Thirty-fifth Street New Importations of Chinese Silk Embroideries| Spring & Summer Cottons recently received from abroad, are now dis- played in the Department for Cotton Dress Fabrics, side by oside with the American- made textiles—of which there is an unusually large and interesting variety. Chief among the imported materials are some highly attractive novelties from France, and a choice assortment of genuine Scotch ging- hams in checks, stripes, plaids and plain colors. Wool challis, which is rapidly re- turning to favor, is also shown here, in a number of pretty patterns that will make up into charming Summer frocks. A special feature, just introduced (the sale of which is restricted, in young. feminine favor. The New are now ready in the Vogue Pattern VOGUE PATTERNS for Spring and Summer New York, exclusively to B, Altman & Co.), is “Grandmother Chintz” a revival of the old-time prints that were in | their heyday when our grandmothers were These attractive cottons are faithful | reproductions of the old-fashioned designs, and are sure to find their way quickly into (The Department is on the First Floor) Modes in | Section, on the Fourth Floor, | discount }5.49 Vy . Line an important effect in eculative sentiment. To- morrow there will be a meeting of Washington for the purpose of de- vising means by which the railroad financial situation, left in @ critical aituation by the failure of the last Congress to pass the General Defi- cency Bill, can be remedied, It seems a safe prediction that bankers will agree to finance the requirements of the atrungor systems whose securities will readily meet with investment fa- vor, while the War Finance Corpora- tion will take care of the needs of the weaker roads, Announcement m likely to be made this week of the extent of the price reductions in finished steel products. A committee was appointed at the meeting gf steel manufacturers last Tuesday to decide upon the extent of the reductions and their mmen- dations are expected to be made this weck. Pittsburgh despatches have reported that price cuts will run | from $3 to $15 per ton. Those persons best informed regarding the situation cut of more than §5 per ton. Further cuts in copper dividends are scheduled for this week, the most |important of which ts Kennecott. Howe: it appears that copper divi- dend reductions have been discounted marketwise. Wall Street, or the speculative element, is firmly of the opinion that a turn for the better in the co} situation is at hand, and that th Jes of metal which reached 25,000,000 pounds last week will be followed by larger sales. _—_— TO-DAY'S PRICES Tota} sales 1 CURB—Open¢ Gulf 32, up 1- 600 shores. steady, } Midwest Refining 158 to 185; General Asphalt 66 to 67; Royal Dutch 831-2 to 841-2; Boat 161-4, up 1-4, Eleven o'clock prices: —- Boat opened at 161-4 and quickly moved down to 151-4, off 8-4; Sinclair Gulf sold at record high of 823-8, but re- acted to 318-4; Royal Dutch 841-4, up 11-4; Asphalt 66, off 748; Peerless 25, up 11-2; Magma, 27 to 29; Swift Int, 48 to 49; Writing Paper, 5 to 51-4, Houston, 78 to 80; United Motors, 43 to 421-2; P. Morris, 105-8 to 10 Midwest, 153 to 155; Nat. Trans,, to 28 1-2; Cosden, 73-4 to 77-8; Arr 241-4 to 241-2; Aetna, 95-8 to ¥ British American Tobacco new, x-cou- | 5 to 261-4; Impl. Tob., 16 3-4 to} ; Verde Ext, $2 to Steam- 8 to 81-8; Wright-Martin, 4 to| Anglo-American Oil, 181-4 to) ; Inter. Rubber, 181-4 to 18 3-4; Inter, Petroleum, "211-2 to 92. The close was irfgular, Midwest 155 up 2 Royal Dutch, 89 1-4 up 21-4; Asphalt, 65 7-8 off 1; Sinclair, 31 8-4 off 1-8; Boat, 16 1-2 off 1-2. ship, | MONEY—Call, mixed collateral opened 41-2, high J, low 41-2, closed 5, renewals 41-2, ruling 41-2; indus- | “i 5, high 6, low 5, closed . ruling 5 per cent Commereial paper i4 discounting in moderate volume sgt 5 per cent. for better names regular maturi- | ues. While this is said to be the trading rate, occasionally something very prime and of short maturity will | 1-4 per cent. lower. Both local and country banks are buying, but requests for paper emanate prin- | cipally fom or. | EXCHAN Franes continued heavy, reacting #ightly fyrher to cables 20.92; Stockholm sterling, «4.75 3-4, 16; franc trials ope 6, renewals ubles demand guilders, demand 4 } Door 4.00 NB Market closed firm Switt & Company's sales of Beet tn ‘ bf bankers and railroad executives in) do not anticipate an average brine | Fur-Collar Coats Sinclair | ork City. for the wool sading Gaturday | Maron &. avera allows: Domentio Boot, 23.0 av. ' net income of $38,471,106, or $8.83 a share on $486,658,724 stock in 1917, DIVIDENDS—R. J. Reynolds To- bacco Company regular 13-4 on pre- ferred and % per cent. on common {and class B common, all payable April 1 ;| MISS MORTIMER TO TAKE 7 ular quarterly dividend of 13-4 on pret@red; regular quarterly of 11-2 and usual extra of 1 per cent. on com- of on Jan. 31, on Dec. 31 and 9,288,453 tohs ‘Web. 28, 1918. NOTES—The Controller of the Cur- rency has issued @ eal! for conditions of national banks a# of March 4. Herbert B. Smithers, for fifteen years & partner of F. 8, Smathers & Co., has become a general’ partner in the bank- 13g house of Knaych, Nachod & Kuhne 120 Broadway, He’ recently returned from France, where, with the Tank of Major, he had charge of the organiza- tion and operation of the Finance Divi- sion of the Ordnance Department, Unit- ed States Army. Inspiration's February output talvd 6,600,000 ounds, compared with 060 pounds in fanuary and 7, pounds in December. Greene- Candnea's output in February totaled 4,000,000 pounds of copper, 112,870 ounces silver and 650 ounces gold. Robert C, Myles jr, g member of New York Stock ha admitted to the firm of Greer, Crane & Webb. the been oe STAND AT HER TRIAL TO-DAY French, Officer's Statement Says | Defendant ‘Was an Expert Handler of Autos. Miss Hdith Mortimer, of Wheatley Hill, on trial @p-a charge of man- layebter nm the second degree, before | Supreme Court Justice Aspinall in Long Island City, in having caused the death of Nathan Waaserberger, whom she strpek with ber automobile, was to take the Atand in her Wy defense this af- ternoon. Statements of Capt. Poree, the French officer, who was In the machine with "Dodge Manufacturing Company, reg- and Miss Mortimer at the time of the ac- cident, were read at the morning ses- sion, He stated that he had had fit. teen years’ experience in automobiles declared that Miss Mortimer's | \ handling of the maching was that of an expert. ——=___— To Selze $4,000,000 im Alien-He! Stock Bonds. uf On application of Francis P. Garvan, j|Allen Property Custodian, Judge, Knox [of the United States District, Court is- sued an order to United States Maral Thomas D. McCarthy this moraing, recting him to seize $4,000,000 in ratlroad bonds and stocks held in trust for the Munich-Bavaria Re-Insurance Com- y. The securities are in the custody Sational Park Bank and Laden- Burg, Thalmann & Co, “SYRUP OF FIGS”. CHILD'S LAXATIVE Look at tongue! Remove poisons from stomach, =! liver and bowels. Accept “California” Syrup of Figs only—lgok for the name California on the package, then you are sure your child is having the best and most harmless laxative or physic for the little stomach, liver and bowels, Chil- dren love its delicious fruity taste. Full directions for child's dose on each bottle. Give it without fear.—Advt. OPPENHEIM, CLLINS & © | 34th Street—New York | Will Close Out Tuesday | | About 165 Mostly Small Sizes Suitable for Women 34 to 38 Bust Measure Developed in superior Velour Cloth, straight-line and belted models, with choker and shawl collars of Seal. Reduced to 15.00 Entire remaining stock of Winter Coats and Suits greatly reduced THE FRIEND OF ALL MEN, WOMEN & CHILDREN. fam ever ready to help those suffering trom Constipation, Biliousness, Headaghes and Disorders of the Stomach, NOTE: y tae and liver, * TWO OF THESE DELICIOUS LAXATIVE BLOOD PURIFY. ING PEPPERMINT CANDIES EATEN AT BEDTIME WILL GIVE YOU PROMPT RELIEF AND PERMANENT BENEFIT, YOU_ WILL FIND THEM MORE SATISFACTORY, MORE GENTLE AND PLEASANT IN ACTION THAN ANYTHING YOU HAVE EVER TRIED, GET A BOX AT THE NEAREST DRUG STORE, 25¢-50c-$1.00 (Trial DIRECTIONS FOR RABIES AND CHILDREN OF ALL AGES ARE PRI Size 10c) NTED ON BOX