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

Sas ORI NOM os ANNE a oe we The United States Government Offers, REVIEW OF THE WEEK This has been an historic week in peace treaty signed, credits can be = Ic business and politics, and the arranged. There has been stron¢ and Gossip of To-Day’s |CLOSING STOCK QUOTATIONS. [tamese of developments that have |buying of food, sugar and other : , Occurred is altogether likely to be felt stocks, including leather, on these ex- Market—Present and Fu- |in the stock market for a consider. |pectations ture Prices. able time to come. ‘The declaration of an open market | First in importance has been the | for steel products is welcomed by High, Yaw, Lat, Ps SH TH IH — 2M My me 76% 7% 3% — % Publication of the peace terms and | Wall Street. It has been known that onal price fluctuations ™ my «76M % the delivery of the treaty to the Ger- | consumers have been holding off e hat have rec.ntly been bid wp | - My 34 %% — 18) man delogates, with the stipulation |from the market in the belief that sharply featured to-day's two- 5 a i en stl tmat they must sign or reject it with-|lower prices would finally be agreed u ec r@) Oo me stock market rersion. Trading wy mK OM wi in fifteen days. upon. When they now begin to file A was extremely active, more 16% 104% 108 1 A business event of paramount im: | their inquiries they probably will find 1,000,000 shares being traded in, . 02% OM MK *! portance has been the discontinuanec | that prices in certain cases are above e fe at the rate of 2,500,000 “ Re AY +f of negotiations between the Raiiroatt | those named in the Industrial Board for a five-hour day. 2 21% — % Department, steel manufacturers and | schedule, and it will be surprising socks commanded most atten- % = + 8% the Industries Board without in any |if prices in any case are below those e et pees we 824. down Bs 64 — S!way clearing up the muddle created | named in that schedule, Vor that re) ictory otes ‘ertatic manner, but closed with ix oes a by tho refusal of the Railroad De-| reason the market for steel shares \ b b) ® tial net lonses for heed hea m P. Koos pore %! partment to recognize the price |disptayed strength when it was an- . a FA stocks were plainly influen 1% % 3 — % schedule originally agreed upon be-|nounced that the price stabilization b t ll b t d SS chacet aes romre RR Ge ace db pegs Bond ellen wil lig mrp No oversubscription wi e accepted. M Sinclair Guif, which is traded in eo” fry’ trtat Board. An open market for] ness is expected to improve from this B the Curb market. The perpendicu- 191 18% 190% + %|steo! products has been declared a# drop in the latter stock appeared been due to « professional on the discovery that there was @ slim amount of supporting in the market. It soon recov- most of its loss, but the senti- ‘effect on the oll shares listed fhe Stock Exchange was decid- Uhfavoradie and they were sold ae % or-— % 0% 50% 0% % 4% 4h — & ue UH— % a2 8% @ «= ay ay % - 9} oy 41% 4K + 1 om old 18% uk 1% 19% 10% 180% — 4% 2& 2h Bh as a 7 0 aa on mn" ow os — Oi) at one time showed o a ee sj De DK ~ mua & Director-General Hines of the rail- roads has practically admitted by giv- ing figures on results of operations during the first three months of this year that Government control of the carriers is a pronounced failure, Government control of other public utilities is likewise @ failure, judging by the statements made by Postmas- ter General Burleson, who admits that {the telegraph lines, which were high- time on and profits to expand, The fact that the railroad situation has been going from bad to worse has not induced new liquidation of railroad shares, for the reason that one of the first acts of the new Con- Gress probably will be to pass an appropriation bill giving them mucit needed financial aid, and the current frecord of earnings is so bad that it ts altogether likely to necessitate an ‘% ‘ly prosperous before the Government assumed control, are now being op- erated at a joss, Figures on the growing crops have deen published which exceeded the most favorable expectations. The % value of the winter wheat crop alone 1% 18% 166% + 2% mae 100% 9% DOK — 4h 1% 11% — ‘ mH — % no 6% - % Total sales stocks, 986,000 shares. UNFILLED STOEL TONNAGE. ‘The unfilled tonnage of the United States Steel Corporation showed a decrease of 639,887 tons on April 30, dooks showed to-day. The unfilled tonnage was 4,800,685, against 5,43 572 on Maroh 31, On Feb, 28 the to- tal was 6,010,787, and on Apfil 30, year ago, 8,74) ‘ isi AY ee CURB. . Opened steady. Sinclair Gulf opened off 9 5-8 points at 64 and broke to 43 in first five minutes of trading. Midwest Ref. 195 to 6; Merritt Oi 34, up 1-4; Houston Ol! 130 to 5. “After selling as low as 42, Sinclair Gulf recovered most of its loss, mov- ing up to 69. ‘The sharp break in this stock at the 3—] opening with sales from 64 to 42 com- pared with close of 635-8 on Friday, was caused by @ fairly large offering coming into the market when support- ing orders were missing. Eleven o'clock prices: Int. Cont. Rub., 38 to 80; Anglo-Am, Ol, 26 1-2 to 61-2; Boat, 148-4 to 61-4; Sinclair Gulf, 61 to 62; rock, 7 1-2 to 3-4 In preced- | Inter. Pet., 33 to 5; Mdwst., 193 to 6 net income was #17135,081 Nipissing, 12 3-4 to 8; Wrt. Mtn., 6 @ share. to 6 1-2; Caddo, Cent., 46 to 7; Asphalt, o, St. Paul, Minneapolis &l¢) to 71; Merritt, 32 1-2 to 33 1-2; year brcapreh tr aye after Swift Int., 63 to share on $39,618,045 combined |9; N. Am. P. & P., € 24 to 7; Hous. and preferred In \ton 127 to 30; Coaden, 9 7-8 to 10; Sa- yoor ares “amounted pulpa, 8 7-8 to 9; Aetna, 10 7-8 to The close was lower, Sinclair Gulf 99/61 1-2, off 21-8; Hetn, 130, off 5; Caddo Central Ref. 473-4; Merritt Paul, year 1918—Net income | 8% off 3-4; Gen. Asp. 701-2, off 2; ohgs, 241,508, equal to $5. Midwest 19,, off 31-2; Interoont. Rub. pre! ferred stock; one year ASO 31, off 1; Int, Pet, 881-2, ' ‘om preferred stock, 31, off 1; Int. 31-2, off 3-4 in previous year, OUTSIDE MARKETS PHILA.—Opened irregular, P. R. T. 4 up 1-4; Si Bat, 14 8-4 off Phila, Bleo, 25 8-8, 2 BOSTON.—Opened firm. May Old eatioser in action et Galen |Colony ¢ 1-4; U Fruit 188° up 1 1-2, ‘Co. vs. Freeport Texas Co. | U Shoe 54 1-4. &. Prod. & Ref. regular quarterly cent. on common stock, EXCHANGD, Sterling checks were firm at 4 68 3-8 after declining to 7 59, Lire Chis. t,| Recovered to 7 65, Swiss Cbis, were hold the conter of the market/ Cola, 26 85; Sterling Dem. 4 68 3-8, Chiu, ‘There apparently are eoon- | 4 69 3. Francs Dem. 6 18, Cols, 6 16; Feasons in plenty to support the) Lire Dem, 7 57, Coie, « 55; Gldrs, Dem, is in excess of $2,000,000,000, and it is indicated that production of other crops will be at record breaking fig- ree, Financial sentiment has been fur- ther cheered by the succeswof the Viv- tory Loan offering. The campaign which ends to-night is an assured success, and final figures are likely to show a heavy oversubscription. Finally, an extra session of Con- greas has been called by the Presi- dent to convene within two weeks, and tt is anticipated that much iegis- lation will be. passed favorable to corporate interests, particularly the railroads, These factors have done much to timulate speculative activity in the stock market. Transactions have been on @ larger scale than in any previous week this year, and yester- day's dealings were heavier than on any previous day of the year, Now that the terms of the peace treaty have been finally agreed upon, and there Js every likelihood that the Germans will sign within the stipu- lated time, after much verbal camou- flage, Wall Street is expecting busi- ‘ness to pick up with.a rush, Gur ex- Ports have recently been breaking all records, but it is current financial belief that by the end of another six months or so current export figures will be made to appoar relatively small. There is a crying need throughout Europe for goods which we have an abundance of. With the early increase in freight rates, not- withstanding the fact that the Direc- | tor General has expressed himself as being opposed to any such increase until it can be learned to what extent measures of economy he has put into effect will cut down expenses, Fig- ures on the growing crops have also acted as an excellent back-log to the market position of railroad shares. | Copper shares are unable to follow the upward movement in the indus- trial list for the reason that efforts | to work off the large surplus of copper metal stocks are meeting with Dut small success, As a matter of fact the surplus stock of the metal is probably as large if not larger than | @t any previous time, notwithstand- ing that production has been materi- ally reduced. Certain of the small producing companies with high costs have shut down altogether, and the larger companies with lower costs of Production, particularly in the por- Dhyry group have cut thei output fifty per cent or more. The price of the metal has been maintained around 151-2 cents per pound, but consumers do not show any marked disposition to lay in a supply at this figure. Money conditions have greatly aided bullish speculative operations. | The time money market been quiet, with a scarcity of funds, but in spite of the tremendous activity on the stock Contry and the fact that the en called on to sub- soribe. %0 500, 00. 000 to the Victory loan there has been an abundance of eal] money and rates this week have been as low as 4 per cent and have not at any time exceeded 6 per cent, With the close of the week finan- cial sentiment seems more optimistic than at any previous time. It seems to be everywhere anticipated that there will be a continuation of million share days, and that the market will continue to give a good account of It. welt. BANKING AND FINANCIAL. eee “Don’t Be ‘Short’ on ADAN, Mod Bava Shere Siotnetne att. ver mine. An lent penny epeculation. ATW natier Keystone? ™ PULr bp Red peettion ecetia ctve issue. Is 1 ii, 8, sere company's prevention 42 New Street Ask Me About These Active Stocks Mention stock s Which. interested and write for apeviot lot- ter--TO-DAY—mno obligation. Telephone, Write or Call HAMILTON B. WILLS MEMBER STANDARD STOOK EXCHANGE OF TORONTO, fee. "BESS Eelaas Bel ‘ end all Offices Phone Broad 6016 BANKING AND FINANCIAL. Uncle Sam's Bonds" ZZ ay ERNATIONAL RUB, ctorm Influencing récont 18 Point advance and. reasons for > Beery iW Wing the stock. etalle of the Keystone T! rk mn RE & RUBBER eae Drospects for the 7, be absorb aw fin New York VM LLMLLIL IMM LELLLLLL OLLIE LD Here are the facts that every investor should know: » Allotment—Applications from any one subscriber for _an aggregate amount of Notes not in excess of $10,000 will be allotted in full. Applications for an aggregate amount in ex- cess of $10,000 from any one subscriber will be subject to allotment by the Treasury Department. Interest Rate—44%, the highest rate of interest paid on any United States Government security issued since the Civil War period. Conversion Right—-The 434% Victory Notes are convertible at the option of the holder into 3 fully tax exempt Victory Notes at any time during the life of the issues. The 334% Notes are similarly reconvertible into the 434% Notes. Tax Exemption—The 434% Notes are exempt from all State and local taxes, except estate and inheritance taxes, and from normal Federal income taxes. The 334% Notes are exempt from all taxes, except estate and inheritance taxes. Maturity—The Government agrees to pay off Victory Notes in four years, on May 20, 1923, and reserves the right to pay them off at par and interest in three years. . Patriotism—This is your last chance to pay your share for the Victory we have won. Don’t let it pass. Act now—and leave no room for future regrets. In order that every patriotic American in New York City may have full opportunity to subscribe until the last moment, the undersigned banks will be open to take sub- scriptions to the Victory Loan This Evening of the oils, One indication 49 7-8, Obis. 40. BANK OF THE MANHATTAN CO. ndous increase in the Tat bANK or UNITED STATES, CORN EXCHANGE BANK, (Costinned), Wiens @UARANT’ i cana MME WAL es jedlecs’ Ave." Gtth st, COLUMBIA BANK. Broadway & Canal Bt. sizable COLUMBIA TRUST CO. f WARRIMAW NATION, been accompanied GRAIN, So ee ree 4 Yoo West Taam st, Mt HAL BARK, aivotations for crude bgt (ooening at Chicago, May corn on gr Wa Wisninaron jabs AERA pabhaner BANK. IMCL MATIONAL BANK. y 168 1-2 to 168, off 1 to 1 1-2; July reay & aath LINCOLN TRU ail the highs fiearade crude that | 165 gc as yen Peres taee COMMONWEALTH BANK. ‘arenas aie KER" TRUST GO, sae a Wwe ORYANT PARK NATIONAL BANK. ouNTRA MERCANTILE BANK, ht to the surface. been named | 156 to 1541-2, off 1-8 to 5-8; July oats gh om, 68 to 677-8, ungh. to off 1-8; Sept. 65 it ETAOPOLITAN TRUST CO, St, MUTUAL BANK: equ ABLE TRYST. C0, 09%, to 646-8, ad VAP Rie: © TRUE Oy mew PETHEMLAND BANK. of the United States Patan ere oe 28 ee cENTnAL AUST 00, uMion M EXCHANGE. NATIONAL BANK FAW AVE. BANK, th Si. . tof Labor, the Real Bats COTTON, th ae 30 sth ‘Ave, new ‘yore COUNTY NATIONAL BANK, ion, the Chamber of Com Range for day: FIFTH MATIQNAL BANK, the building Industries, bulld- otitis, Ke NATIONAL BANK, ONAL BANK. fed Yoon assoelations, ‘financl Hee | AY aN . fign Committee. Meyer If F) = Bie ATIONAL BANK of many kind gherte M enat closed eo nove an raeanen wan. A mig td rita ENE, Wty ‘Aver & 1101 COFFEE. Range for day: ¢ ae are sf, it VAN K. ty to-day an “Owne Your Hoine Father on- RS . to be held in the Tiwt Regi-| Mar reateey Ory k Avenue and 34th need read ‘ rom June 28 to July 2 Market olc oa Government Loan Organization STAY",'BA tion has been made to the bet Aves A Ht Second Federal Reserve District wan ace fa lt $15 000,00 capital | sia 18,20 to Heo Bul et Liberty Loan Committee, 120 B'way, N.Y. I a 4, S| Aug., 17.75 to 1 oe 17.85 to 17. geabies Dee, 17.03 to 17, is now belng traded This space contributed to Help inarket. Finwh the Job by ‘| Rainbow Division Maich, 16.83 lo} | Advisory Trades Committee Government Loan Organizatiou Second Federal Reserva District Adberty Losn Comumittes, 120 1 'way, BM. ¥: ahd Venda ovbuisaaae ‘iidacntlcsppieedistiaokascoaresns sami asomcanseenaharan Niki a UIA a hao A