The evening world. Newspaper, April 4, 1919, Page 24

Se ee wore ere ee ee nN a Ts nn ee t } | WALL STREET | |News and Gossip of To-Day’s | Market—Present and Fu- ‘ ture Prices. Uncertainty as to wh it the outcor Of the steel price disa vent W be restricted § tradir to-day {stock market, and most part | prices fluctuated within a narrow fange. Another restraining factor were confusing despatches from broad regarding the progr or lack of it—being made at the Paris Peaee Conference. Wall Street, is still entirely at sea fae to whether the price schedul wil) be maintaine whether Di fector General Hines of the Railroad Administration will realize an evid | deatre to have an open rket fo with prices governed nd regarding The disagreement Matter has not caused stock market Heuidation for the reason that tt Is concensus of opinion that, if th @chedule is abandoned, steel prices ‘will surely seck a permanently higher level, though there may at first be a ———— GRAND RAPIDS FURNITURE” CREDIT TERMS the| jat | | | general though temporary shading | f prices. U. 8. Steel commanded most atten- tion in to-day’s market. For the greater part of the session it moved listlessly within a range of one point f last night's close, but in the last hour moved up for a gain of about a point for the day. Other steel shares were almost neglected, One of the favorable news items of the day was that the U. 8. Cham- bers of Commerce, after canvassing | all the business organizations which lit represents, that the weight of businens opinion of the country favors the repeal of the Sherman Trust Law. Attention of Congress will be called to the result | the poll, and Wall Street expects that the recent agitation to have the | law repealed will be stimulated, The | fa hat the law is still on the statue | books has had much to do with the | present disagreement regarding ateel | prices, Under the leadership of Southern Pacific, In which accumulation has been going on for several weaka, rail- road stocks moved up quite briskly in the last hour. Southern showed a gain of 21-2 points and other railroad shares gained from 1-2 to 2 points. Copper shares were at y through- out the session and shipping shares were practically unchanged. Adams Express became a feature, moving up ascertained THE EVENING WORLD, FRIDAY, APRIL 4, 1 ——— As matters now stand, according to the best information on the subject, steel manufacturers will not be re- quested to participate in n new con- ference, If this information can be believed every one concerned is going to sit around, Micawber-lik | watt for something to turn up. It should be stated very bluntly |that unless definite action is soon to | bo taken to clear up the muddle, some of tho larger manufacturers are al- together likely to serve notice that they no longer feel bound to recog- nizo the agreement and that, in order to keep their plants operating at a satisfactory rate of capacity, they where new business will surely be in- duced. The uncertainties of the situation are bound to have a deterrent effect on the upwanl movement of the stc market, and until there are new de- velopments one way or the other the big operators and traders will be in- cline’ to restrict their market com- nm scat ‘There ts further ground for the mu- picion that the British Government, in s;'te of the recent announcement Sterling is the Exchange market again supporting that market, The current strength in these mar- kets is popularly ascribed to cover- | 7 points from its opening price. American Sugar was another strong spot. Money continued easy. Sterling Ex- change rates were steady, Bankers tn close touch with Wash- ington do not have much hope that he disagreement between the In- lustries Board and the Railroad Ad- ministration regarding the schedule of steel prices recently agreed upon will soon be cleured up. Apparently the large volume of raflroad orders for steel will not be placed im the market in the immediate future. Considerable surprise is expressed the report that Seoretary of the Treasury, Mr. Glass, has taken aides with the Railroad Administration in the controversy. It has been under- stood all along that Mr. Glass had COLUMBUS AVE given his O. K. to the schedule, The question is everywhere asked in Wall Street why the Railroad Ad- ministration was not consulted when the schedule of prices was made up. If that had been done the present unpleasant situation could hardly have arisen. = BET.103 & 1O4"ST NEW PUBLICATIONS, BLIND ....! ing by shorts, It should be explained that the reason for the short covering is that evidence of new Government support accumulates almost daily, The death knell of one of Wall Street’s famous rumors was sounded yesterday when it was officially an- nounced that the American Govern- ment has given up all intention of purchasing the ships of the Mercan- tile Marine Company now under the British flag, and that no new negoti- ations were being held with the Brit- ish Government involving the pur- chase of the ships by that Govern- ment. These reports have done yeo- man service in aiding the pool manip- ulation of the shares. However, it be- comes definitely known that earnings of the company in 1918 were equal to the large earnings of 1917, and that thus far in 1919 earnings have been equal to those of a year ago. ——— LIBERTY BONDS, 3 1-28, 99.02; let 48, 96,20, up 28; 2nd 4s, 93.76, up 12; Ist 4 1-48 95.14, up .04; 2nd 4 1-4s, 93.76, up 10; 3rd 4 1-45, 95.84, up 10; 4th 4 1-45, 93.84, up 14, NEW PUBLICATIONS. CE TO FACE with starvation, her money gone, her eye-sight failing, beautiful, cultured girl answers an advertisement for a wife. She goes west to meet the “wealthy, chivalrous ranchman,” as she pictured him, But before she sees the miserable squatter to whom she has offered herself, he is stricken blind. } Around this dramatic situation, Emerson Hough, America’s famous {:Movelist, has written his greatest book—a book for all men, for all women, e SAGEBRUSHER 6y Emerson Hough Tonight—cur! up in an easy chair, and let Emerson Hough entertain you, amuse you, thrill you and inspire you with this great human drama of a girl's desperate venture and ® man's noble sacrifice, Let him take you to the hills of Montana, where even in Nature’ most sacred spots, villainy and treachery had penetrated, Follow Mary Warren through one of the most amazing sit- uations in which a good woman ever found herse. Meet will further reduce prices to @ point (« that they had withdrawn the peg from ¥'"y i same applies to French Exchange. | teuling c . c Mid-West, Ay CURB. Sw Noon prices were dull. steady at 51; Merrit, 30 plair, 44 1-4, off 1-2; Swift Midwes Houston, 79 to 81; Cosden, 8 8-4 to ‘The close was firm. wp 1-2; P, Morris 159 1-2, cott, up 5; MONEY. Mixed collateral 4; all Industrials opened 41-2, high 41-2, low 41-2, renewals 41-2, rul- ing 41-2, closed 41-2 per cent, EXCHANGE. Sterling check rate rose to 4. 2 while Frane Cable went to 5.8 a trals were also firmer, Gu 8 cables 403-4, Swiss cables, 4.98, Px seta cables, 20.45; Stockholm cable March $4,245,000, incre: 70,000, ner Sinclair, 4 opened & high 4, low 4; renewals 4, ruling 4, closed 27.10; Sterling demand, 4.67 1-2; cabl francs demand, 5.89; cables, Ure demand 7.10, cables 7.05, guilders 401-2, cables 403-4 CLEARINGS—New York, $687,765,- ine., $133,925,9 Philadelphia, inc, $ 5 Boston, |, ine., $9,09; A Sub Treasury Creditor at Clearing House, $791,505, Federal Reserve Bank Creditor at Clearing House EARNINGS, Canadian Pacific — Fourth week “"" CLOSING STOCK QUOTATIONS. 414 ‘ i | % b Steady at opening. Merritt Oi! 29 3-4, | jaw up 1-8: Sinclair Gulf 44, off 3-4; Phitip | Morris 113-4, off 1-8; fon 60-1-2, up 21-2; to 62, licott-John- {ft Inter. 60 | Endicott-J, | t., 61 1-2, P. Morris, | off 1 1-4; | Magma, 30 Asphalt, 63 Hupp, 7 718 to 8 1-8; Mthr. Lode, 3 to 4 1-8. \kee & St. Paul Raflway Co. with the Wederal Railroad Administration has een signed. -_— ‘EVEN COFFIN OPENED Railroad A ministration’s Protest at te Vi ‘ ker, were offered to the District At Methods in Virginia, Bring torney to-day th J ion Inquiry. McIntyre at the John Doe nity. WASHINGTON, April 4—Complidnt |, 270 coter Fave the names of seven: by the & teen witnesses who had been interviewed y the Ratiroad Administration to the by the ataff of the Atte Department of Justice against alleged mproper methods employed by Federal Assistant District Attorney Pecora i alc , t understand why th lcers in the State of Virginia in tn- pen es eae clad shies the Prohibition 1 has bee, Attorney e took physica ‘ possession nA », Who made tomey General Palmer to ; an affid Ar ran (Pach ible n for on the wit stand, in John Doe pr It is alleged that the om |On the ¥ A dinetty: Lik Violated a coffin containing a dead | ou s® te out Aine wane In their search for contrabang | Ju2z@ Mcintyre said this man had mente OP Linuor “ker he Bint, committed perjury in one oF the other of M4 i be # the State iiose atatements, and was one to whom WAR STORIES SO FUNNY SHE DISLOGATES JAW Two Surgeons and Policeman Re- quired to Aid Woman After {Smith Signs Meas' is Vermont Listening to 69th Veterans, { Governor Vetoes Burlington Bina Cavanaugh, twenty-two years Appropriation. old, No, 1414 Amsterdam Avenu nie, Avid —_ | ighed so heartily to-d cr stories |, ALBANY, April 4.—Gov. Smith to-day friends who had been overseas with the old 69th Regiment, that she dislocated her jaw It took the combined efforts of Po- Nee Sergeant Daniel Kelleher of the West 125th Street Station, and Doctors Mahon and Carroll of the Knicker- ker Hospital to get the woman's nto place, After several hours at the hospital, Miss Cavanaugh was sent home and 1 not to listen to a mor s about _ FIRE EMPTIES SCHOOL. Children Leave tn Minute and Halt When Blaze ts Found, 1 No, 16, ate Street rd Avenue, Brooklyn, was 2 & minute and a half this m after an alarm of fire. mptied atte A blaze, starting in the baseme hot air flue and c » pour Into a classroom on © to a call fr Shannon, the ‘fect order and with- ante. m Prin 600 ire Was extinguished with little 14 FLY UP 25,000 FEET. French Aviator Takes Passengers Paris, lowest reg about twenty degrees below temperature ed wa zero. ———————___ BOWIE ENTRIES. $61,000; from » $ Paciflo—February Increase —$1,225,41 gross $23,991,803, erating inc 01, Pacific Bross, $372,707, decrease $156,20 Coast Company- months' gross $3,768, 567; net after expenses $018, crease $222,639, Compilation of aggregate earings of sixty telephone companies in the United States show WU.414 tz de AYVAT,isA deo. Ds, Company—Regular DIVIDE! Rubber vu 8 quarterly dividend of 2 per cent, on first preferred stock, regular quarter- ly dividend of 1 1-2 per cent, on sec- ond preferred stock, both payable April 30, Walter P. President and General Manager of tt 1ick Motor Car Company, has been appointed Vice President in charge of all general mo tors operations and assistant to the President. Mr, Chrysler will continue as President of Buick Company. He Sim Gage, the sagebrusher, who knew nothing, who was nobody, but whose heart was as brave as a lion's, as tender as a mother’s, And young Doctor Barnes........1 How would you have acted were you in his place? Page after page of thrilling incidents, romance, plots, excitement, humor and sentiment—all that you like best in a story, a play or in life itself, Even if you've never bought a book before, own The Sagebrusher. You will want to turn to it again and again to keep fresh in your mind its people, its stirring incidents and its scenes, Get a copy of “The Sagebrasher™ today at ang bookstore, department store, or at the leading stationers. Four full- page illustrations and colored jacket. $1.50 per copy. D. APPLETON & COMPANY 35 West 32d Street, New York Give Books! THIS iS AN APPLETON BOO Read Books! Own Books! will be succeeded as General Manager ‘by Harry H. Bassett, Assistant Gen leral Manager of the plant for several jyears Proposed transfer of § nombership: seat of Danie James A, Garland, ck Exchange tice, allamince cualmed, xioience, Wire 4: GM. Miller 109: BANKING AND FINANCIAL, Ranger field famous. millions of dollars. go. Chicago by fast expres: OW; seat of Nathan Ar to ) the |old W. Pierce, partnership transaction, controlling interest. and seat of Richard G. Wagner to W Colford Anderson, consideration $74,000 Elected to membership: William H. James, Herbert L. Jones, J. Herbert Ware jr., Frank C, Rogers and H. Dun can Bulkley, The plate mills |Steel Company at duced 126,999 tons in March ad of the h was of Homestead 16,665 tons ah record, wh | The Board of Manager York Cotton Exchang: t previou in May, 1918 of th has voted close April 18 and 29, ‘The contract of the Chici the Carnegie to on Good Friday and Saturday, » Milwau- name. | IN DRY STATE SEARCH t, went | ~ IMPORTANT NO The Duke Gusher — Duke Extension Oi! Co, HUDSON OIL CO. The Duke gusher has made, and is making, the Depth of this well, 2,752 feet. Duke Extension Oil Company is drilling just 3,400 lineal feet from the Duke gusher, and 4,200 feet from the Knowles gusher, which came in at 11,000 barrels, and is making 5,000 barrels settled production. Duke Extension well is 2,674 feet deep—only 78 feet to The Duke Extension well can be drilled-in within 48 or 72 hours, and drilling will begin as soon as a special gate valve arrives, which is on the way from Hudson Oil Company has acquired a large interest in Duke Extension Oil Co, Negotiations are under way, and are expected to be successfull whereby the present interest will If the Duke Extension well is only one-half as large as the Duke gusher, Hudson shares will sell well up into two figures because of Hudson’s small capital, Buy Hudson Oil and secure certificates in your own Watch the market for the most spectacular movement recently recorded by the stock of a real oil company, handled by real oil operators, J. J. BUTLER, Specialist 307 Broadway, New York, N.Y. Phones Worth 248-249-7481-7482 919 SWANN GETS ORIGINAL DOCUMENTS IN BAFF CASE Tendered by State Attorney Gen- eral’s Office Through Judge Mc- Intyre at John Doe Inquiry. ‘The original ned documenta in the Batt of the At case, tu over to the offlce 1 of ‘New York whe the ter out of t It to Deputy Attor wann he would direct the atte: Grand Jury, $6,800,000 BARGE CANAL TERMINAL BILL SIGNED mn of the signed the Sage Bill, appropriating § 800,000 for proper terminals and facill- | ties for Barge Canal traffic. ‘The Assembly Rules Committee voted | out the Machold Bill, appropriating $950,000 for the construction of Barge | ‘anal terminals at Newburgh, Kingston, nkers. | 4 April 4.—Gov. | t to: ‘a bill appropriat- ing $200,000 for a terminal at Burlington for the use of barges from New York 1 BANKING AND FINANCIAL, SLAND)| OIL | Information on this prop- erty will be gladly furnished Hellwig & Reutter Investment Securities Members N. Y. 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