The evening world. Newspaper, March 29, 1919, Page 4

ni ~ $100,000 FoR BULOWNG 29, 1919. THE EVENING WORLD, SATURDAY, MARCH a rn ee ' ‘ | a | Movements of stock prices this | A week have indicated that the mar- | - - News and Gossip of To-Day’s !ket's tine of least resistance stilt ts] | upward, It has been demonstrated | Am, Beet Sugar jae P Ain, Can Market—Present and Fue that tho nonting supply of stocks ts] Aa esi A masse ( —— a ture Prices, small, that prices are still very re- | Xion ri | even ster house at the south cor- sponsive to good news, while advers: | 40. 7... %| “irst Quarter Of|ner of sth Street and twelve stories developments have only a smal} and | Ath ball Plans for First “ 150. |etbe orth corner of Z3d Street, the OVERNMENT authorities, tomporary effeut z s | At, ii rh 9 rolve Outlay of 150 |owners respectively being J. E. BR. workin in eenjunetion n 5 ries Le : ‘ 4919 Involve a mY |Carpenter and | Hudson Investing Sin teepentibig "Tinoneiel Financial sentiment still is quite | Malt. & iio. x! a or Last Year. |Company. A. W. May will build they . [optimistic. The iargest danger spot | Bkijn Kap, Trawit rm | Per Cent. Over Las think at Fuverside. Drive and 168th| [aterests are beginning en ag f «| Cal, tetrobeum: ro ‘ : me third at sraide Drive and 186th) srecsive companion to out | seems to be the foreign political situ- | (S),Aremem. ae 7am Btrect, It willl be o' -stor ; Reval Laat | W FOR MORE FLATS ligne from plans by F. F. French, who] @toek swindling, and to put an = ation. Bankers freely admit they | Ga ge Oey RY $| NO’ ji : “wNTS*\ designed also the Fifth Avenue! end to the activities of fraudulent = do not like the manner in which the | chino’ Comper.. re + 8 ae struct the 66th Street corner. brokeraye houses, The Evening Bolshevist movement is spreading | Corn, Pal, Co. a + ga} i In the Pershing Square hotel group) World invites readers whe have and in certain high quarters regret | [nm Be, Comp Sees 90,000 Promised for +n. four-story Murray Hill is . ; : ht 4 Apartments When Victory | tout" ot $10,000,000, In the midtown| @l@re or pucket-shope to « ures are not being taken by the| Qmt Sie. t $ wy te { Is Subscribed loft zone Woodbury G. Langdon an account of their experience once conferees to crush this new at- Tnnparation Cone) ees 8 Loan Is Subscribed. |started the spring activity this week | Commumieations should be tech ob citination, ‘Maweren, (A (EEEE TE $ wet f ——_— with plan & fiftecn-atory Duane | dressed to the Financial Editor | i. ict wh ee that the spread One uy ue t & to cost $00,000 on West dist Street, does yet app a ee ae ‘ ‘J Metropolitan builders are lending pi tcrial fteview is busy already with poueedal beh yng dati will net of Holsheviam bas appreciably re tae BN oie — 12 the after-war boom. its $1,000,000 skyscraper extension ns be used without permission. | duced buying power in the market. i iby we = Plans filed during the first quarter/the Beventh Avenue corner of Ite Rea e ageremsive| The advancing tendency shown this ‘Coppers aS | alld show a volume of operations Street pia vg FOR 4 7 mice a 8 bay aiies (week, and particularly during the : ie 46, = % proaching normal and projects an- HUGE BUILDING OUTLAYS pool manipulation several specia latter part of {t, was due largely to Be ‘ nounced, but not placed on record, MANY SECTIONS. scored substantial advances in to- pope AvIAGIE vida oF Gant i Ff | . "| ' i ore convincing evidence pusi- e % \ f ser cent.| Schools will take $10,000,000 almost | day's two hour stock market session. |" aa, a a p swell the totale by 18 per ¢ Mel atvonce., ‘The National Bibi Insti-lOn the other hand there was con-|"¢%9 Improvement, The opinion 1s] cia Filings call for estimated outlays of (ite plans $1,000,000 offices of fifteen “d k-end profit taking in| &rowing that the worst phascs of | jlceding ge $20,105,000 in comparison with $16,340- stories at Nos. 214-216 West n siderable week-end profi iz the. Head}iniidente frold & war (| Widmer cKeobes: WOM @00 during the c.-reoponding period Street. ‘The twelve-story hospital | standard issues, and most of the vet sti a | Sathorn Rainwas as las the ta in hand for for Beth Israel on Livingston Place price changes for the day were down. ;! «ace basis have been experi::.ced prosenber Oo. hd sev eiiuagated pinches and 16th St wile for $1,000,000; and that they have been fully dis+| tess Comoe... Hemedinte undertaking exceeding) Heth Moncs Hospital in Brooklyn, | : » a counted as far as the market is con-] Voion Macificn. 6 120% $50,600,000. $360,000, and the t Navy Hos- | al Motors continues to be a SG. Lends, Aloo. Ta the greater city plans fled call| pital, $460,000. Four big banking | speculative favorite. There ure ru-jcerned. Another favorable influence| 4 c ist $13,840,000 Jaat| Structures in the financial district) mors current that very important de- | this week wos the official statement i 000, against § " | will take over 1,000, the most IM. | veiopmenty are impending in th that the Pence Conference is making % ear. New s vive ou:lays! Powing tc 31 stories at Nos, 8-12 é é dees me $19,425,009, $4,990,000 more going for| Wall str hing on « > Joh b | fairs of this company, which will add More progress than appears on the alterations. This stands against the) Astor's site as an sion to the’ materially to the value of the shares. surface. To this may be added the LIBERTY BONDS—32 1-2s, 99.06, up {M18 totals of $10,600,000 for new butld-| Bankers’ Trust Huilding on the ad- | in omcial quarters it is stated that | growing prolubility that the League] 9; 19¢ 49, 94.44, up 2; 24 4s, 96.70, up 6; ings and $3,240,000 alterations, In the ili *The, allan. Savings ‘Bank | the company'y business is growing of Nations covenant will be readily | y4¢ 4 1-48, 94.60, up 10; 2d 4 1-48, 93.64; entire metropolitan district new| Plans a ten-stofyshome at Nos, 60-62| very rapidly, but no unusually im- ratified by the United States Senate. | aq 4 1-44, 96.28, up 8; 4th 4 1-48, 93.70, Dulldings call for $33, $ reet to cost $280,000, | portant new developments, such us An early singing of the Peace Treaty | yp 2, papeshey 94,000,000 is wanted for . wed in speculative will be regarded as a constructiv 2 480,000 for witerations, comparing w'th| new theatres, many of the movie] re being discusse: bbs has e . « last year's record of $12,600,000 new|kind. ‘The big Moss house for the|circies, are known, ‘The stock to-day market deve ent of much import-j cing has been satisfactorily ar. buildings and $9,840,000 alterations, | ROrthwest corner of Broadway and) at ono time showed an advance of ance and will undoubtedly generate | ranged, increased optimisin as to | Mant-::an ee --9 $11,250,000 for the| 1st, Street will coat $500,000, B. 14 14 points over iast night's final much new buying. The importance| the outlook of these companies has | three months, ‘ nina be 4918 ocr Valenti r area 0008 re price, but later lost about half of the being attached to the ratification of {not visibly increased, — There con- of $6,000,000. ‘ther are new buildings| Kramer's, for Broadway, ( Wash- | gain tie League of Nations covenant ts|tinues to be much quiet investment T= for $8,100,000 and $3,150,000 al-| ington Ave 4 100th Street, $85 Other speculative favorites were hardly cccond to that of the Peace | buying of these shares on the theory j and vite "Ripe . 000; Louis Gold's and Joseph Kelly 34 Products, which gained more ‘Treaty. lthat current dividends are well safe- terations. New buildings last year] in Brooklyn, $200,000 and $140,000 each; | Corn es 4 4 . : 6 points, 2 su ints, American Cotton uarded under Government guaran- took $4,000,000. Sol Brill's at Far Rockaway, $100.00, than three 4 , FF lia bali dutbona trated: What the } Brook! 66 kyscraper offices of twenty-eight Oil, American Linseed, and Mexican (ees, but there is increased confusion | ye stands next with $8,550,-' siories at Nos. 78-86 Trinity Place, «n| porroieum which gained more than CUt In steel prices will be helpful to| o¢ opinion as to what Is likely to 008, of which $7,300,000 goes for new erican Bank Note Comp pahspttre that industry, While it Is true that /jappen when the roads are turned -structures, Its record last year was! site, will cost $3,500,000; at Now, 18-27 | two ¥ . $4,290,000, with alte 000, the rest going for new buildings. Queens is an easy third, with plans Mled for $2,900,000 mew buildiegs and $410,000 alterations. This compares with $1,260,000 new structures and ($4,000,000 and more than $5,000,000 in’ Other ate: $275,000 alterations last year. The Bronx has recorded $975,000 outlays, $850,000 going for new struc- tures. Its record last year was $1,- 700,000, with only $100,000 alterations. Richmond's $450,000 includes $375,- 000 new buildings. It compares with Broadway for the Cunard Line, $1,500,000, Newark is preparing for one four- teen-st mi structure to be built by L. & Co, at a cost of smaller work, Builders of private dwellings are eager to hurry a multitude of pro- jects. In the city there are several of a type led by the $150,000 house of six stories for G. L. Winthrop at No, 15 Kast Sist Street, but the great $260,000 new buildings and $75,000 inass will spread on all sides over Chances a year agu. the suburbs, led by improvement of NEED $100,000,000 FLATS TO country estates involving vast sums. SMASH RENTS. More than $100,000,000 of flats and apartments are needed before next fall to provide homes for 85,000 fam- fies in order to smash properly the landlords’ corner in rents, but o} very few such structures have yet een undertaken. Builders are seek- tions. They have been told to wait until the coming Victory Loan shall be an assured success, ‘Then the $100,- 000,000 is expected to become available at once, and plans are ready for oper- ations in all sections where vacant sites are available, especially aleng the new rapid transit linus. Larger city projects under way first. Th apartment structures to cost $1,500,000 ¢ starting, two on Fifth BANKING AND FINANCIAL DIVIDE STOCKS The new Nevada district toward which the attention of the ent wining world is now directed. Ina few months ore disclosures have been made that are placing Divide in the front rank productive center of great importance. All the latest mews, details of development and ota stical peporte #8 ae Goie Zone Divide Eas! Divide Brougher and 20 other operating properties will be furnished on request. ASK FOR BOOKLET D 30, Charles A. Stoneham & Co, A Broad Rireet, New ¥ +) BrouancHiar Sore Onicago, — Ds Wattfond | Fatablished 194 Mitwaukee — Bomoa adelpbia, ‘Torun . No Promotions, Salt Cae | Producers Ass’n Bought Sold Quoted This Company new controls the major part of tne productive field of the Salt Creek oil producing district of Wyoming. It con. sequently is beyond any doubt one of the biggest oil producing companies in the United S Complete & important detai!s on applica‘ir L.L. WINKELMAN & CO, 44 Pro sore wrew Yo Wali Street Journal Buildin, TELEUHONL GIT0 BROAD, MIDWEST OIL (Freferred and Common) Complete end important details stainang to those active oil wes will be forwarded upon ap- je for Special Letter M45 L. L. WINKELMAN & CO. 44 Broad Strest New York © wetting | HERE'S AMAZING DISCOVERY! HALF A MILLION OUTSIDERS Elevated Express Scores Beat in Finding Visitors Don’t Pay More | Fare Than New Yorkers. e@ Plevated Express ha nd come out again and put a “beat all over its contemporary, The Sub- way 58 A “beat” aa alr every- |) ly knows is a piece of news which the rival ne: hasn't ‘printed yet. And the Elevated . Express busted right out on the windows of | the elevated Interborough lines with- out the slightest consideration for its underground rival, This notable achievement -has been cooked up in the Elevated Express office with the pEveatest strategic sccrety, ebvioust since the last issue appe:. j Aiareh 4, And this is it: New York is full of lion outsiders in town the day of the th Division parade and commuters and the like to the number of some | half @ miiion are running wild, sim- ply wild over us every old day. Get it? it's awfule-what with taxes and rents and everything. But the horrible part of all this | Starling revelation is that they are all riding over New York's transpor- ation lines for five cent. fure G-r-ter-H! Strangers riding for cents just ax though they were New Yorkers, Unspeakable! Bt eee “WATCH ON RHINE” TELLS likely to be converted into actual or-|Koreign “Trade, of the University of air, se Dle- y Yor! Express. There is hope he | ’ ders are large, Sales this week have! Nim, oye sat the annual banquet mind of President Shonts, who amounted to about 130,000,000 pounds. Be acl BA Sd Pa 1 he | AMPA of rescuE | —_—--- Although temporary railroad finan- | good and Herbert Leon Cope, “LET EVERYBODY PAY A , > ¥ | SHVEN CBNT PARE, THiey THI Ye Me C, A: Arranges River Trips, STRANGDRS WILL HAVE TO PAY “| Jane y |r TOO. AND. NW YORK With Says Official Paper of Army HAV 2 THE LAUGH ON THE PooR| of Occupation, | a — The first issue of “The Watch on the | N O | Ic E | Re the oMcial newspaper of. th BENJAMIN WINS TITLE |Marne Division of the Army of Occu- | pation, p ed Andernach, Gere i IN BOUT ON COAST. many, Feb. reached The Evening a geten sim baal | TO THE EMPLOYEES OF Benjamin is now the recognized Ught particular erest to home folks | Vaetans KS 1s a column describing excursions on | taett hanaon af Caine uesin| Rgmen dereng teense) SUTLIUS KAYSER & CO. i} Utle here night by punishing arranged for every soldier dn the sya rou Bsa Californian ‘Third Diviston on leave. The stearmer stopped ihe, 'Bout in the ‘Tita swan | Stall urgent, gears frome to a A Satisfactory Agreement Wil Masha. Ca a herve: |e week to in, with an hour's stay weight, Ww ; ‘ that cily, whieh i# occupled by th * * : Clare ec teanuinge Gh PAGAN: asidahe. Ga cites dave Ten Sane ate At a meeting this morning the employees of Daiey and KO. Kruvosky. fouunt a Cote she Thine past © oo . Julius Kayser & Co., who have been on Hr-rount draw. the {fleet a‘lively iIntereat tn the problem of a strike for the last three weeks, voted to tan 10,800 aie f = retum to work next Monday morning, an ros recoipts amounted h Pours aad blige oar Rap agreement having been reached between the » Mich, March 29.-A toms = 87,090,000,000 ALBANY, Mare resources of the under th | intendent | 000,000,000. The banking reporte Skinner | RIDE HERE FOR FIVE GENTS ing loans from the big lending institu- | visitors, There were some two mil-| H the State Hanks, institutions | supervision of State Buper- are nearly $7, According to the last re. paris pralianl ihe sata prior to the of 6 wor! war was $420,370 | ‘These advances were not nearly as | significant to the trading element ax | the decline in Steel to 98 1 Later, /it rallied to 98 6-8, the closing pri shares sold off in sym- pathy with U, 8, Steel, although there | were further reports of increased ‘mand for steel produc One ason for the conversion to- day of paper profits into cash was the from Paris that matters | at the Peace Conference are not pro- ceeding smoothly, Wall Street has been banking on the signing of the peace treaty by the first of April. If reports from abroad are accurate, the peace treaty may not be signed for several weeks, Any pronounced im- provement in this situation is likely to be followed by new aggressive buying throughout the list BOYS FOR “CIRCUS ALIBIS” | IN GREAT DEMAND TO-DAY Middle Aged Gentlemen Seek Nine- Year-Olds as Usual Excuse to | Take in Big Show. At one time to-day ft looked as if the New York mothers of boys nine years old might decide to ask a cash price for “circus alibis.” So many prosperous looking, middle- aged gentlemen have been ringing doorbells and asking if there isn't a boy in this house who would like to wo to the circus and that member of the Amalgamated Union of Mothers of Nine Year Old Boys are thinking of roing into the Situations Wanted Jeolumn, after this fashion SITUATIONS WANTED. CIRCUS ALIBI Hoy, 9 year okt; guaranteat [never naw a circus; accompany ‘middle niet gentlemen who int have Gein] excuse for Bona tingling I mi Barn A Ha: nh heenorade ard (mato report hetred ine other, Hox \ performance of the |mreat Madixon Square Gai- den is going on this afternoon, The more formal opening will take plac | to-night miere show In ian ter dire to Immediately ad y by the company's refusal to accep’ The resumption of servic der the franchise raie of 5 conte, it Seaman # the local traction restore street | vice, suspended since last Sature Juction of the @-cent fare rate, was | Issued in Circuit Court to-day on appile cation of Acting Mayor R, F, Johnson, ts ordered uns there has not been the rush of buying! )aoK to private control and Govern- orders that were expected in some ment guarantees are withdrawn. quarters, demand has improved, and ne cost of railroad operation has| f the volume of inquiries in the steel tisen in a startling manner, and it) market may be pted as an indi-!|\, heginning to appear. that a new cation of orders that are pending, the | ceneral advance in freight rates must | unfilled tonnage statements of the |i» allowed if many of the large com. | various large steel companies may) panies are to show current dividend | soon be showing increases, whereas | gishursements fully earned. have been reported for) months past | The biggest customers of the steel companies yet to come into the market on a large scale, These in-|A further drop is almost certain to clude the ratiroads and t Govern- | restrict our export trade movement ment, which, it Js understood, will/to England, which is our largest soon place large orders for Navy re- | customer, quirements, Building companies are} In the last three years we have sold more active in construction work and {Zoods to Great Britain to the value; automobile companies are speeding up of nearly six billion dollars, and in} production to keep pace with in-|this period our trade balance against | creased public demand for pleasure | England has been about five and a| Those two lines of industry | quarter billion dollars, If the value} ace! decreases Much interest attaches to the| sterling exchange market and rates are this week touched a new low level. vehicles July 613-41 to 612% oft | share on the 100,000 shares, agminst 1-8; September 641 $7-8, of | net of $83.67 » » share in preceding 1-4 to up 1-4, | year, The company pals per COTTON=4 tor day share In dividends in 1918 Old-- | & Teele produced 67,968,867 pound copp: mvt year. Unsold copp the close of 1918 68,490 pounds. e Island Company reports net profits for the year 191s er $1,200,000 tax: Reserve of $1,181 - a3, a de ve of $1,053 as com ed with 1917, in which latter you amounted |v Greek Coal TO-DAY'S PRICES Total sales stocks, Bond sales, | Market closed irregular; old’ con- | | 578,500 shares tracts up 1 to 6 points, new up 3 tol + $8,344,000. off 16, 766, 3 reserve for taxes ‘amounted to CURB—Openca steady, Merritt O11, | COPPRE—Range for day: | $900,000, After preferred dividend 32 1-8; Sinclair Gulf, 46 1-2 and 47; | SRas TG PTs 1oMs | 1888 profits were equal to $7 a shus Swift Int., 63; P, Morris, 12 1-4 up 3-8, | yutmer 0 AG AA Ata MY) on 118,801 shares of common. stoc Eleven o'clock prices—Sinclair Gulf,| Market steady. May, 15.20 to 16.30; inst $15.87 a share in the previous 47, up 1-2, a new high; Swift Int.| Juno, 14.85 to 14.90; July 14.50 to! * made a new high at 65. up 2; Merritt 114.55; August, 14.82 (9 14.3 | DIVIDENDS—Bureka Pipe septem- DiI, 921-2, up 3-8; P. Mortis, 123-8. inher, 14.14 to 14.18: October, 14.06 to| © Wuirierly dividend of $4, payab up 5-8; Asphalt, 68 to 65; Standard |14,07; November, 13.97 to 12.08; De. | M@¥ 1. This is a cut of $1 from pre- Motors, 8 to9; N. Am. P. & P., 43-4 to | cember, 13.88 to 13.89; January, 19,98 | OU “lvidend 17 Hupp, $56-8 to 8 3- Union | to 13.89; February, 13.88 to 13.89; | Tek . ‘ ; “ a ‘ Y. 3 t 89; At the Texas & Pacific Rail Motors, #5 1-2 to 46 1-4; Midwest, 15 | Mare h, 13.88 to 13.89; April, 13.88 to} .» 8. Meldrum was elec to 16; Steam: ips 2 1-8 to 2 1-4 + | 18,89. President, to succeed Marconi, 4 1-4 to 4 1-2; Boat, 18 1-2 to| - Church Osborn as Chairmai Intorcon, Rubber, 171-2 to 18; \INGS — Buffalo, Rochester | an J. L. Lancaster as President. Other Sinclair Warrants, 7 to 80; Magma,jand Pittsburgh — February gross | officers elected were Finley J. Shepard, to 29; Houston, 79 to 80; Peerless, | $1,067,002, decrea. $28,429; iwo| First Vico President; Kingdon Gouit 20 to 22; Chalmers, 8 to 9; Aetna,|mont® gross $2,467.87 increase | and C, 1, Wallace, Vice Presidents, ant 91-4 to 91-2; British Am. News, | $287,104; net operating “deficit IC, W, Velteh, Secretary and Treasure. The Bankers’ ‘Trust Company is now reoeiving subscriptions for the new issue 28 1-2 to 24: Wright-Martin, 4 to 4 1-8. | 228, decrease $69,190. ‘The close was reactionary. Swift! St. Louis Southwes Inter, 8; P. Morris & Co,, 121-8, Up} ross $971,498, increas of vine Ao, Oklahonss Producing and 3-8; Merritt Oil, 307-8, off 11-4;|months gross $1,970,775, 5 Lt Sinclair Gulf, 46, off 1-2 | $71,656; net o Col, Omden Lett $270,778, — 934; decre “4 . An estate of $270,778 was left by Co XCHANGE-—Sterling cables were | New York, Ontario and Western--| Wilts L. O: who died last July 2 weak, selling down to 4.58 but later |robruary gross $615,507, decrease (4n? Was President of the Brookls n rallied to 4.581 Demand was at | 966.922; two months cross $1,409. CTH ea Rl | uh pirroeatee ewen 4571-2, Lire continued unsettled, | increase $42,297; net operating deficit |in Brooklyn. Almost the entire estate is checks being offered at 7.30. Guilder | $159,178, increase $178.55 distributed ainong the testator's daug’)- gables were cusier at 40 3-16. Swiss| Virginian Railway — February | — cables 5; Peseta cables 20.25; Stock- | gross $598,609, decrease $171,461; . halm cables Francs demand 6.03, }two months gross $1,551,019, in- |§, h Ch Id cables 6; lire demand 7.30, cables |creise $120,821; net operating deficit | et the Maren 7.23; guilders, demand, 40; cables, | $226,915, decrease $493,530 A Good Example 40 3-16, nadian Pacifio—February gross CLEARINGS—New York, $607.615,- | $11,064,167, increase $1,489,865; two| Use, SOZODONT yeurself Cod 448; increase, $111,180,189; Philadel-| months gross $24,072,475 increaso| teeth white and sound; the gums phia, $66,443,307; decrease, $4,092,237; net $2,534.62 increase | firm and the breath sweet and Boston, $45,954,439; increase, $1, | wholesome. au. Willys-Overland-Year 1918, net in-| Are you doing your full duty to Sub-Treasury di at Clearing} come after charges and tuxes of| your child to avoid future hac House, $143,726; Federal Reserve ; $5,536,264, equal, after preferred divi-| {feuble? Procrastination | ie i — ith Bank creditor, $41,393,634. thief of teeth—arres it wi dends, to $2.54 a share earned on | 1,664,825 shares of common stock GRAIN—Opening at Chicago: May | outstanding, against $3.16 a share in| corn 1.45 3-4 to 1.45 1-2, up 1-4 to un- | 191 | (9 OF? changed; July 1.35 to 1341-2, up 1-2} Calumet & Mecta Mining Company to unchanged; September 1.283-4 to| for 1918: Net profits of $4,349,196 | 1.28 6-8, up 3-4 to 5-8; May oats after reserving $600,000 for Federal | 621-2 to 621-4, unchanged to off 1-4; taxes. This is equal to $43.49 per FOR THE TEETH Liquid —- Powder or Paste SOLD BY DEALERS EVERYWHERE Jranklin Simon 8 Co, Fifth Avenue, 37tb and 38th Sts. promise to be even more important | of the English pound drops materially customers of steel companies within | further, English exports will be stie- | the next few months, and, a8 a mat-| ulated, while a profitable import bust- ter of fact, they have been largely re- | ness by that country will be extreme- sponsible for the better business ex-} ly difficult, English credits in this perienced by the steel companies since | country have been practically ex- the price cuts were announced hausted, and unless our bankers In connection with the present mar- open new lines of credit our trade Ket position of, steel shares there 15] balance with England is likely to one important faet that should not be | decline. lost sight of. During the war period} In certain banking quarters the ri ; e ussets} opinion bas been advanced that the steel companion built up large assets} Hoi, Sound may drop as low as out of earnings and thexe assets sorve| 44." nmi’ may be considered & very as an excellent foundation for the pre'| unlikely development. The pride of ; : ‘ 4 og.| England in the prestige of her pound vailing market prices for these shares p is almost certain to force her to asuin United States Steel ts an example.| protect the sterling market before Figuring on the most conservative | the $4 level Is reached. | basis the book value of each share of Steel common stock to-day ts in the! AD, MEN DISCUSS TRADE. close neighborhood of $125, The bovk value of the shares of practically! Development of Foretan Fields Be- fore Buffalo Meeting. every other large steel company is. as near as can be figured, in excess! RUFFALO, March 29.—The develop- nent of the foreign trade of the United of the present selling price of these shares. | States to keep pace with the country’s cies | rapidly expending factory production war ‘The week has also witnessed a ma-|one of the principal topes discussed at the business and reconstruction conven: tion of the advertising affiliation here to-day The subject was brought before the advertising clubs last night at the open- ing banquet by Burwell S. Cutler, Chief of the Bureail, United States Depart- ment. of Commerce and Dr. W. EB Aughinbaugh, Chairman, Department of terial inge for the better in the cop- per industry. Consumers have appar- ently arrived at the conclusion that prices for the meta! are on rock bot-| tom for demand has shown notable improvement, and inquiries which are employees and the Company which was satisfactory to both parties. ARTHUR SMEDLEY, Chairman of the Committee. it An Hour of Light for an Hour of Night and We Will Add Another Half Hour AYLIGHT SAVING originated in Europe and was later adopted by Congress. Its purpose is to ex- change an hour of night for an hour of light. Franklin Simon & Co in behalf of their employees, are glad to add an extra half hour to further increase the benefits chat will be derived from the Daylight Saving Plan. It has always been in line with the well established Franklin Simon policy to shorten business hours during the hot Summer months—early daily closing and closing all day Saturdays during July and August. When you retire tonight there are two important things for you to remember— First— Set the clocks and watches forward one hour. Second — ' Commencing Monday, March 31st, Franklin Simon & Co., will close at 5:30 P.M, instead of 6:00 P. M. Daylight saving makes the sun the time- keeper instead of the clock. The benefits are many and real. The home-going rush hour will be in daylight, decreasing the possibility of accidents. More time for recreation and outdoor exercise. And there are nnnumerable other advantages, Our employees appreciate it. Do you? Will you do your shopping early? oe SE