The evening world. Newspaper, May 13, 1919, Page 14

THE EVENING WORLD, TUESDAY, MAY 13, 1919." a HIGHER RENTALS DEFENSE DECLARED TO) BE IMAGINARY Letter to Mayor’s Committee Says Landlords’ Arguments Don’t Show Fair Attitude, OF MEAT SURPLUS ABROA WASHINGTON, May 13.—Agreement of the War Department to unload its surplus meat. supplies abroad, thus saving’ losses big Packers in the United States ight immediate and ep dissatisfaction in many quarters Senator Kenyon, tows, dectared his intention of looking into the War De- riment deal hy mean of a Senate Fergiution “Those to eat more,” people meat at all would it said Kenyon. "And: they would be n} mighty interested to know why at- are made to keop the prices » of of war maker’ ts Iso plang a protent n afford to eat President, “Paper” and “imaginary” are the terms applied to supposed increased values and expenses offered as a do- fense for high rentals by profiteering landlords in a@ letter sent to-day to the Mayor's Committee on Rent Profi- lteering by M. William Wbrlich, No. 61 Hast 118th Street, His jetter in part read: “Arguments on the part of the landlord that costs ave gone up, say, 60 per cent. on the average do not show a fair attitude, The tenants know about this bigher cost of living and they both know that ft hits the tenant and family harder than it does the landiord in a business way. “Therefore, assuming a 6 per cent. return on the investment as the de- sired net profit, it would seem that the landlord would have to increase the rental to earn this same return on the Dduliding’s value, which has been enhanced by the new conditions, But is the landlord dealing fairly LEMON JUICE FOR FRECKLES Girls! Make beauty lotion for a few cents—Try it! ‘SUNDAY WORLD WANTS and how clear, soft and rosy white the skin becomes, Yest I ye! » WORK MONDAY WONDERS. | jess and never irteten—-Advt. situ ea Oe re ep ee I ie The woman who enjoys a brisk walk, or who is on her feet much during the day, may well ask the Regal Shoe Store to show her i Apes The ‘Regal Mineola Made in Cordo Russia Leather, $8.00 | Whether in Cordo Russia, Gun Metal, or “Regal White 4 Canvas,” here is an excellent example of our Pi ni } of style based on quality, A shoe that is as comfortable as it is good looking. Leather sole—134 inch Cuban heel, You will hardly find a shoe as good all through at equal Prices outside the Regal Shoe Store, RE GAL SHOES for MEN, WOMEN and CHILDREN WEWARK, HL 825 Broad wansey CITY 108 Newark Ave, ‘*Caden's Sheer Only) Yc Run-Down? When your system is un- dermined by worry or overwork—when your vi- tality is lowefed—when you feel “any how”—when your nerves are “on edge” when the least exertion tires you—you are in a run-down condition. Your system is like a plant that ° . . ° he Spring Rains Bring Grippe This sort of weather brings colds and grippe. If it’s just common cold people say, “there's po danger in that!” a many a fatal sickness begins with a cold—with vitality weakened—the system is ready for the Influenza germs. " in early to ward off the attack. Purge the system of toxins (poisons) by taking castor oil, or a vegetable tive made of Mayapple, leaves of aloe, and jalap, led into sugar-coated pills and to be had at all drug ores as Dr. Pierce's Pleasant Pellets. If the cold starts with a cough and it persists, then local treatment for this condition should be taken. A | well known alterative extract which has been on the market af or a great many years, and which has been highly recom- Mnended by thousands of users, is Dr. Pierce's Golden Medi- “ Discovery. This tonic compound is composed of an wxtract of roots and herbs without alcohol, and bas a othing effect upon the mucous membrane, allays the irri- ition and at the same time works in the proper and reason- way, at the seat of the trouble—the stagnated or DIO0G. ~~ 4at¥ cause Wincarnis Therefore benefit begins from sion for years. take and easy of a century. % ¥ Will you try just one bottle? Begin to-day to get well Full out the conpon and mail tt with 10 cents to pay packing charges. You will Liber sample Free—nct 9 mere taste, but te do sone Let you good. ‘Wincarais give you the bew health need. La nen my WANT” Wikh 00 ai BA a is drooping for want of water. And just as water revives a drooping plant—so Wincarnis gives new strength and new vitality to a “run-down’ ossesses a four-fold power. Restorative, a Blood-maker and a Nerve-Builder—all in one. promotes new strength, new blood, new the first spoontal o_o, Bal ag x08 You can feel your whole system being sure! new le is why so many Doctors have recommended Wincarnis. ‘The ingredients of Wincarnis havebeen reccomended by the madieal profes- lis formula is on every bottle, You to digest. Wincarnis has been famous in Europe for a third Thousands have testified that it has restored them to health and strength when they have been Weak, Anemic, Nervous or Run-down, when he increases the rental 25 to 76 per cent. over normal? “Granting that the book value of existing buildings has increased be- cause of the higher cost of materials that will have to go into new struc- tures, the arsumed increased value is still on paper, and only imaginary. It stands to reason that property de- Preciates physically with age. An tn- biased conservative judgment weuld make the assumed appreciated value equal to the actually rapid depreci- med value, “Under normal conditions the ever- age flat cunts the landlord @ per cent. of the rental received, which is bis gross annual income, The remaining 66 per cent. represents his earnings im the shape of interest on his invest- ment, amounting to 6 per cent. on the value of the property. Now, this operating expense of 45 per cent. con- sista of about 16 per cent. for all taxes and insurance, then about 18 per cent. goes for upkeep, repairs, janitor service and redecorating, while 11 per cent, is the cost of beat, hot water and public lights. “The use of coal for heating has ‘been less than normal. And the nor- mai cost is full 10 per cent. of the operating expenses of a flat, The next large item consists of repairs and re- decorating, amounting to 12 per cent. Of all costs, Landlords have been ne- glecting repaira. The fact remains, therefore, that on half of the operat- ing expenses the landiord has in most cases shown a reduction, while on the other half there has been no increase, It is clear that the costs of operating apartment or flat buildings of the average middie class type have cer- tainly not increased.” Dr. L. A. Dreyfus, President of the Staten Island Civic League, declares in @ letter that mmuch of the rent profteering could be avoided if proper tranaportation facilities were pro- vided to that island. ‘Miss Hlisabeth Manning, Manager of the Lenox Hill Settlement, in @ letter to the State Reconstruction Committee, says that “the tenement difficulty is due to speculators, to the fact that tenements are mortgaged s0 heavily that there is nothing left to make repairs with, and to the hard- ships to tenants because of the dan- ger of eviction if they mike com- plaint,” The housing committee of the Merchants’ Association draws the conclusion “that Yent profiteering does not exist to any such extent as |the exploitation of @ comparatively few notorious cases would lead the public to suppose.” Herman Doctor, a manufacturer, of |180 Longfellow ‘Avenue, Bronx, & director in the Hebrew Welfare Alji- ance has suggested that about acres of city land near the old Jerome reservoir be leased to discharged soldiers and sailors. The reconstruction commission meets at Bo: Hall, Brooklyn, at 30 o'clock this evening. Housing and kindred subjects will be dis- cussed. 8100000000 Cotten Feo! Planned. NEW ORLEANS, May 1 ‘The pro. posed plan of. organigation for the American Cotton Export Financing Corporation, a pool of cotton produc- ere and dealers, for export trade, as made known here to-day at a con- ference of cotton interests, provides for @ corporation capitalized at $100,- 000,000, be paid laygely in Liberty Wash Out Dandruff The only sure way to get rid of dan- druff is to dissolve it, then you de- stroy it entirely. To do this, get about four ounces of ordinary liquid arvon; apply it at night when retiring; enough to moisten the sealp and rub it in gently with the finger tips. Do this to-night, and by mornin; most, if not all, of your dandruff will be gone, and three or four more ap- plications will completely dissolve and entirely destroy every single sign and trace of it, no matter how much dan- druff you may have. You will find, too, that all itching and digging of the scalp once, and your hair will be fluffy, lus- trous, glossy, silky and soft, and look and feel a hundred times betts You can get liquid arvon at any drug stor It is inexpensive and never fails to do the work.—Advt. constitution. It is a Tonic, a nerve force and new vitelity. The You can feel it doing Fhanl it find it pleesant to WALL STREET News and Gossip of To-Day’s Market—Present and Fu- ture Prices, OVERNMENT authorities, working in conjunction with responsible financial Interests, are beginning an ag- @ressive campaign te stamp eut stock ewindling, and to put an ond to the activities of fraudulent brokerage heuses. The Evening Werld invites readers whe have been victimized by stock ewin- dors or ‘bucket-shops te send in an account ef their experienses. Communications sheuld be ed- dressed to the Financial Editer, Names of correspondents will net be used without permission. ‘There is no sign of a decrease in Speculative interest in the Stock market and transactions again to- day were well over the million share mark. However there was a general shifting of commitments from oil shares and some of the other recent favorites into railroad and equipment shares, and these issucs enjoyed about the best market they have had this year, Greater optimism regarding the railroad outlook is based on favorable financial legislation to be enacted at the pending extra session of Con- grees, Gains to-day in the leading railroad stocks ranged from one to three pointe, In connection with the general rail- road situation one of the most promi- nent railway executives in the coun- try states that he has excellent rea- son to delieve that the Government will turn back the railroads to private control not later than January 1 next, and that there js @ strong possibility that they will be returned prior to that time. Oll shares bave lost in popularity since Sinclair Gulf gave such an un- expected and sensational demonstra- tion of @ weak technical position last Saturday by breaking moro than twenty points on sales aggregating less than 2,000 ghares. The opinion has spread that the oils have been moving up too fast, and need a sub- stantial reaction before new highs can: be made. The leading oils were subjected to profit taking to-day, and lost from one to three points. Coppers gave further testimony of being in a@ liquidated position by steadily bolding ground in the face of very poor statements of earnings by some of the important porphyry companies in the first quarter of the year, The leading producers ad- vanced the price of the me! for 60 day delivery at 16 cents per pound. Evidence that an open market for steel products is likely to result im higher prices was furnished by an advance of $2.00 per ton in steal plates by @ big producer. Steel stocks were strongly bought and ruled gen- erally higher. There was a further rise in the price of allver in London, and this in- duced fresh bullish activity in silver stocks. American Smelting, Ontario Siiver and shares of other companies that produce large amounts of the metal became speculative favorites. Tn the late afternoon there was a fresh volume of profit taking throughout the list and price changes became very much mixed. It was noticeable, however, that railroads, copper, steel, equipment and silver shares, showed pronounced resistance to pressure. ‘With sliver quoted in London at the equivalent of $1.21 in New York, the bighest price since 1890, speculation in shares of companies that do an extensive business in the metal is in- creasing. The most important silver stocks listed om the Stock Exchange are United States Smelting, Amer- ican Smelting, Ontario Mining and Anaconda Copper, Also, several ot the Jarge copper mining companies are largely benefited by the rise in silver prices as the silver content of their ores runs into large figures, However, current strength of cop- per shares is due mainly to materially improved 4emand for copper metal, and the large producers have moved up thelr quotations a peg to 153-4 cents per pound. It is indicated that export figutes for May will show a large increase over April and June figures promise to be larger than at any time since the middle of 1918. Domestic demand is also showing a hea!thy increase. There has likewise been a larger demand for steel products since the price stabilization plan was definitely abandoned, Consumers have evi- prices will not be further reduced, As a matter of fact steel manufac- turers are prophosying that quota- tions will aoon be lifted, In antici- pation of a higher level of quotations there has been important accumula- tion of steel shares, particularly United States Steel, by Interests who | disregard current discouraging trade conditions and the low income return |on the stock, but who prefer to take \a long took ahead and anticipate | probable conditions six months hence. REE TRIAL COUPON ward . & MANGd Wonk Bhd biiert, Mew ‘Fork Send me the free sample of Win- earnis, I enclose 10 cents (coin or cover cost of aad (Please 5 forwarding. | Wforts are being made by a newly \ formed bull clique to attract a fol- \lowing in rafiroad shares, and Read- ing bag been selected as the bell- ‘wether, The main favorable argu- | ment advanced is that various will be" dently arrived at the opinion. that| Solvation tie extra yen 6 a a a CASTORIA Congress convenes @ week hence, The difficulty in creating a larde public demand for railroad shares at this time in spite of probable fa able financial legislation bv Congress is that earnings are going from bad to worse and the number of com- panies that are unable to show even their fixed charges earned is con- stantly increasing. However, it seems to have be- come the consensus of opinion in the financial district that the unprece- d@entediy poor earnings which rail- roads are now showing will force an increase in freight rates of from 10 to 12 per cent. at an early date, Utah Copper—Net. profits $481,324, equal to 29 cents a share. Preceding quarters $3,331,728 or $2.05 a share. One year ago $3,810,664 or $2.35 @ share. Ray Cons.—Net operating lons $152,- 208, Precqding quarter net profits $408,113 or % cents a share. One year ago $1,106,862 or 70 cents a share, Nevada Cons.—Net loss after de- preciation $111,159. Preceding quarter net earnings $10,189 or 1-2 cent @ share, One year ago $310,070 or 15 cents a share. ene STOCK EXCHANGE OFFICURS. William H. Remick was chosen Presi- dent of New York Stock Exchange at the annual election. Warren B. Nash Was named Treasurer, H. K, Pomroy, ‘Trustee of Gratuity Fund for five years, and Charles M. Newcombe for one year! Hamilton F. Benjamin, 8. L. Cromw 3, J, Danzigg, Bayard Dominick, H. @,. fobie, A. J. Rosenthal, Newton Stout, Arthur Turnbull, Richard Whit- ney and Willis D. Wood were elected rs of the Governing Committee for four years and James ©. Auc! for three years —-—> NOTES. Alexander Phillips, former ma: of the Paris office, has been made Vice President of Guaranty Trust Co. of New York. Benjamin G. smith, form- erly auditor of the company and comp- troller of the American Red. Cross Paris during the war, has been ap- pointed an assistant treasurer. Coicago, & Western Indiana RR. Co, has called $163,000 general 6 per cent. bonds due Dec. 1, 1982, payable dj J. P. Morgan & Co. at 105 and interes! The payment of interest on called bonds ceases June 1, 1919, The Census Bureau will issue a re- port at 10 A. M, Wednesday on the cotton consumed during April, The Jewel Tea Co. has sold 00.000 6 per cent. gold notes to banke: One Woman to Another By Marjorie Wayne “Isn't it wonderful how one learn Svelyn Grant as she ‘surveyed: the tie ae of her shoe reilectively, eS lercy,” laughed Grace Skilt “whatever call forth that plece of Wisdom? Did you think it out all b yeee dear, or did some one tell “I'm serious,” frowned Evelyn. “! ‘was thinking of something I found out recently. “And what did you find out re- Grace. td y ‘ replied Evelyn, “Edna Mer- about Amolin.” ou kogw how hard: it 4 now how ls al- fresh and wholesome | | | QUARTERLY REPORTS. ways to keep peT certainly do,” interrupted Grace. lo,” interrup' tiVhat with perwpiration and every: thing It le almost Imposnible."* “But it is possible—with Amolin, ald Evelyn, enthusiastically. “It's perfectly "wonderful deodorant that ponitively destroys alt odors from per- spiration or other causes, I know, be T've been using it ever since I bout it. I use it with my bath, it in my clothes, and keep ji for all sorts of personal uses.” Amolin is the personal deodo: powder. Is unscented, antisept! and ind healing.” It contains 190 excellent for healing, venting chafing. Amolin can gh. drug and department lor @ can, or 45c. a double Write The ‘Amolin ny, J., for a free sample.—Advt. it ing omg ars ca al Net Contents 15 Piuid Drao ACOn ‘4 35 Dosis 356 ENTS >, Of The Ask Your Quct Quist sul EYES TO WIN YOU Cheeks That Are Rosy, A Smile From Red Lips, You Can Have. A promise we can easily fulfil If you will use R. & G. Pills containing podophyllum—Nature's own vegetable ibstitute for calomel. You can ask your own doctor or druggist if this is not good advice. For a bad complexion, bad. breath, sick headaches, biliousness,’ etc., you need R. & G. Pills, containing podo- phyilum, . secrete bile, and to carry on the work Neawe intended it to do. to stimulate the liver, to G, Pills do not gripe or sicken 10¢ and 28c a box.—Adver- Holzwasser Home Talks No. 458 UK Annual May ‘are bring! {rma ail geotions Of r “bh people of toe city ‘the "most each an assortment til designs for the Dini Brn Ney i) Bay thine you wart to pay sarept then "at thet Falun if sophed on any furniture metal nish Spoken Here for New 80-1 Ci Easily reached from West Side by 86th of 69th St. Crosstown Cars, A3-RoomApartment 6825 VALUE $245 a a Porntere A4-KoomApartment ce ae er or = “Tutte $375 A5-RoomApartment Heinen $085 ERMS | = eo a ee ee a ** =——— —— ss oe Emacitin-f ablets deliveries have been resumed if un- aes And if you are. don't « An ounce of prevention than a pound of cure. Ou ¥ rece stom: rite for © ism, Ne gtHON Btw Broo! % Tele 6230 Prospect: Special Notice ANKER’S BOUILLON CAPSULES obtainable at your dealer. Telephone Bryant 5244 6 BeLvans Hot water Sure Relief 4 ts and Mothers Know That ~ Genuine Castoria For Over Thirty Years CASTORIA SLUMBER UTR GED? Are you compelled to arise from your slumber, once, twice or more, because of pain, irritation and abnor- mal condition of kidneys and bladder? Salmwort Tablets are guaranteed to correct the alka- linity of your secretions, this giving you undisturbed slumber, making for Rest at night, and Energy by day. Alb forms of kidney disorders cannot be succegsfully treated with Balmwort Tablets, but when these symptoms exist you will receive a gratifying re- covery if you use them; amount of urine secreted irregular, insufficient, too frequent, too copious, accompa- nied by pain, difficulty, smarting, © burning, irritation, pains in back and > groins and when the passage is foul of odor, highly colored, &c. 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Advt —_—__ Get Rid of That Persistent Cough Stop that weakening, persistent cough or cold, threatening throat or lung affections, with Eckman’s Al terative, the tonic and upbuilder of 20 years’ successful use. 80c and $1.50 bottles from druggists, or fan ELL-ANS FOR INDIGESTION | A Survey of Bad Features in a Series of Fifteen in eve GE extort These articles have been laws of those States which ha -various forms of Bone Dry World staff after a personal rb. prvenred by Louie Stibold of The ve experimented and limited Prohibition. ECKMAN LABORATORY, Philadelphia, the Good and of Prohibition in the United States BY LOUIS SEIBOLD Articles Now Running all phases of the dr most extensively wi : aie bd aol f +s ¥