The evening world. Newspaper, May 16, 1919, Page 20

ww renee ew! oe — feos ;RAND TT FURNITURE CKEDIT rERMS A a | Moat me Pr SH RA FISHER Bros COLUMBUS AVE BET 103 & 104"SsT \ AUY You Need Is a Bottle of make the entire fam- praise the same sim- foods they've dis- for years. At Grocers and Delicatessen Stores. E, Prtcherd, S91 Spring St, N.Y. great advantage in with the Old Re- ‘Miable House of 43 years’ Petanding: You're assured of obtaining the best PIANOS, PLAYERPIANOS 891 LIVINGSTON ST., BROOKLYN ——— — “oy - Lieut. “Jim” SBurope, jase band leader and wer hero, who was plain in Boston last week by a drummer in hie band, left an estate yatued at $1,000. His widow has filed an application for Jetter® of admintetration. BANKING A AND wd Atbale od abd JO -SILVER- BOOM IS HERE With Goverument restrictions sm ered, the world clamoreg tor Yeet quantities of elrer metal, 4nd the prion goine wp, une oft ook for 9m old faahioned tenm om Bilvery te exceedingly bright. Tre following ues sand out te excoliam purchaece: Cobalts Nintesing Adanne Milver Kerr Lake MeKiniey Dar. Temiskaming My office 9 heodquer- tare for information on oth eotive siver stocks Telephone, Write or Call SWITCH STOCKS Many far-sighted investors are now taking profits in new oils and specialties and re-investing in some of the Sopsat god beth 40 the a“ jor turn and long pull. THE MARKET ANWALIST Of May 14 wilt erent be indumae SOM ish hee led free quest for 33ers ScHMIDT & & Deery Comets Se hn We Silver Stocks tg ail carry most Loony i sp ee oe Should Sell Mach Higher ‘and covers many of the leading silver producing eompanes. Copy 620 Free on Request, Chas, A, Stoneham & Go 41 Broad 3treet pow York ESTABLIQNED 1993. NO PROMOTIONS We have consistently urged the purchase of Rangeburnett oil vom ~ ebay Pree Bure Advance to very ‘Traded ta om New York Our. BUY how — BUY TO-DAY en Bequest. WALILn in vibxce 4co 50 Brand Bty News and Gossip of To-Day’s | Market—Present and Pu- ture Prices. Following yesterday's check to the forward movement in stock prices, which was due mostly to short sell- ing and profit-taking by profeasional traders, Duiish speculation, in which public buying predominated, broke out afresh in to-day’s market, and the demonstration of optimism re- garding the future was about the most impressive that has been wit- wessed in the market this year. Transactions were on a@ larger scale than yesterday and again crossed the 1,500,000 share mark. Every group of stocks participated in tho new up-swing exception of the tractions, Brooklyn Rapid Transit and Interboro issues were subjected considerable profit-taking and re- newed short selling, which was promptod by yesterday's sensational rise, and lost more than two points. There was heavy accumulation of railroad stocks throughout the entire semion. The standard issues, in- cluding both transcontinental and trunk line gtocks, gained from two to three points, while the lower priced non-dividend paying shares attracted a large speculative following and showed gains averaging about polio Buying of these shares appears to ‘be based largely on confident expec- wo 000,000 for railroad rewuirements, These expectations have much to do with current strength of both equipment and steel shar Both of these groups again were Retonge td ously strong in to-day's market, the equipments being under the leader- ship of American Car & Foundry and Baldwin Locomotive, both of which | ined more than two points, United States Stecl was the bell-wether of the stwel shares and gained more than a point after first displaying an early reactionary tendency, @trengih continued throughout the ist ups the end of the session, vil food, motor, rubber, tire and shipping © shares scoring gains ranging from 1 to more Wan points, Kyen the coppers, which appear to have had comparatively few friends heretofore, were bid up briskly under the leader. ship of Inspiration Commission houses reported tha! according to their loan account active public participation in the market is larger than at any time since the bull movement fret got under way. Money conditions were slightly, easier, Which acted as am encouraging | factor i bullish operation: Call louny On mixed eoilateral were ob- tadnable at 64-3 per cont. Without any known development in the tragtion situation to account for the movement, traction shares and bonds haye suddenly taken an un- expegted spurt in the stock market and heve scored advances that ar nothing short-of sensational, Wail Street is noppluased by a jump in interboro preferred of thig week, by # jump of similar ex- tent in Brooklyn Rapid Transit and proportional advances in the prices of bonds of both companies. A lar; short interest existed in these issu: whieh have been forced to co heir commitments with heavy losses. Ku- more perwist that a 7-cent tare will be allowed both companies and in addition that there will be a partial revocation of transfer privileges, but these reports are not being taken seriously in best informed quartors. Increased fares and modification of transfer rules are not anticipated for some time to come, The soaring movement in stocks appears to have been due to a well planned eampaign by an ener- getic bull clique which employed following, For instance, a story was circmlated on the floor and in the lobbies of the Stock Exch: te @ho is generally understood tober ponsor for an oil stock now tals ctively traded in om the Curb manner which bears his name, had ee to numerous politicians who 6 @ voice in settling the seven- cet fare and transfer questions, call Union ae tations that the @rst act of the extra | seesion of Congress, which convenes 1B, 8, Ritter next week, will be to pass a General ||; Deficiency iN appropriating $1,000,- | anon Commer ine pointe | f these | ™ rather novel methods of attracting a | ay CLOSING STOCK QUOTATIONS. Net Mien. Leet, Chas. orn Lak we as 1 o Low. oh 73% 3 um 100% as vom 1G 6 100% ws 71% * Am. Can., Ain Laxo. Am. Bem. & fat, am, Mel Foun. Am. T. & T. Co,, Meaconda Min Ateh,. Te & &. ¥. M. Gulf & Wot Locomotive. « & bio Steel i ot = Kap Tren.. Cal, Petroleum, Conte! Leeuisier Camdma wate. Gas, & One C, Mo & mH Bs Cam Onner Coma, Hod, Go Crosle Bie Genori Moiam Co. +1" L+ttetet < aeere S55 SERRE vi% woe us om “% wim a iss 154% 18% 0% Intattory Com, Intetoro pf, Keuneoott Copper Lehigh Valiey Maxwell Motor . Mer, Marine et Mer, Marine et +tH leet ll + Heese lette! SESS Fee EC eS Ser eeST Se FF ttt l+tteeee 8, Ind, Algae. . A, tal . 6, Steel ut + +4tte £2 8 LIBERTY BONDS. 81-28 99.80, up 98; Ist 4s 95.60, up 10; 2nd 44 94.30; Ist 41-45 96.80, up 20; and 41-48 94.40, up 4; 3rd 41-45 95.54, lup 4; 4th 41-48 94.50, up 6, 2 P. M,—3 1-2s, 98.10, up 18; Ist 4s, 95.60; 2d 4s, 94.30; Ist 4 1-48, 95.72, up 12; 2d @ 1-48, 94.36; 3d 4 1-48, 05.54, up 04; 4th 4 1-45, 94.48, up 04, om thousands of shares of this oil stock at figures suvstantially below the current market quotation, T was an unspoken understanding, so|4 tock Exchange story goes, that recipients of these yalual Ht: tions will act favorably on ¢ cent fare matter when it ip again pressed for consideration, Whether the story bas any foundation ij or not, it eceived with consider- ble credel and had much to do ith the vigorous buying movement ia traction shares and bonds, While many specialties continue to show @ smart upward trend th fessional element of t turned bearish and have line of stocks short. The that the market has become what Is termed over-bought and that its tech- nical position is unsound, Existence: of @ large short interest is shown in the heavy borrowing demand for stocks in the loan crowd. This bor- rowing demand is particularly large in the steel and equipment stocks. tee.“ ianatey NOTES, Elected to membership in Stock Ex- change: Henry A. Schatzkin, Arthur R. man, and W, Eldrige Tobias, Pro- pee d transfer to memberships ; Less of uis Wolf to Charles B, Wiggin, con sidration $79,000; Russell e, de K es § Ran. conaiders: L. sideration $80,000; Frederic Ernest C. Rollins, consideration $80,000, |° the stock exchange to close the ex- Decoration Da: ——> JAMAICA ENTRIES Wace MACK TAMTACA, JABTIAUA, 1, : “lane, Si, Tire, Wil} Waster sow, 108; Wor Lye.zeer-ckda; NH mw: thy to2} Moadiman, "110; 2 to the | ® ee that a wel) known traction | sunt \nu Bir rear olde and | no. Le etek Vi, mi Craig 18} Slaw: veneer, font anthithedd “| newals for 60 and 90-day periods at | w issue of A petition ‘i. "pel is cireulated on change on the Saturday following “hard | 7:95) stralgat Por: condi ry fining Company has advanced the price of lead from 6 cents’ to 5.10 cents. Metal Exchanges quotes copper strong. Spot, 151-2 bid; May, 15 u-8 bid; June, 153-4 to 161-4; July, 15.90 to 164-8; August, 16 to 161-2; Sep. fember, 161-4 to 169-4: October, 16.30 to 17. Lead strong. Spot, May, 4.97 1-2 to 5.10; 5.20. Spelter firm, East St, Louis spot, 6.07 1-2 bid; May, 6.101-4; June, 6.15 w 6.32 1 July, 6.08 to 608 3-8; Au- gust, 61-4 to 6.45; September, 6.30 to 6.50. TO-DAY'S PRICES Tota! sales stocks, 1,624,400 shares. CURB, Opened steady. Houston 120 to 128; Sinclair Gull 69 8-4, off 1-4; Intereont Rubber 821-2; Midwest Refiging 186 to 188; Merritt Oil 82, up 3-8. Boat 161-2 Int. Ptr, $0 1-20 311-2; Hupp, N. Am. P. & P., Mid. 4921-2 bid; June, 5.19 to Asphalt, 10 a 72; Endot J, 80985; Br. Am, New, 270271-2; Aetna, 101- 11; Lima, 62, 66; Wright Mrtn, 47- 5; Standard Mtra, 7471-2; Nat. Ani- line, 801-20811-2; Hetn., 118a122; [py Mrrt., $1 6-80 82; Curtias, 18a 22; Int. Cont. Rbr., 311-20 321-2; Ang. Am. 258-40261-2; Binel G, 691-2060; Swift Inter., 67 069; Peerlees, 33 a 33; Libby, 301-2 0 811-2, Noon prices were quiet and irregu- lar. Rusglan externa! bonds were weak, 61-2 selling off 1 1-2 to 46 and 6 1-29 off 1 to 67: Wilson Interborough Rapid Transit 7s 861-2 up 1-4; Swift Int., recovered 2 from low to 59; Peerless steady at 33; Niplasing moved up 8-8 from tho '** low to 11 Gnternational Petro- leum 311-4 off Boat, after re- acting 17 sold Mf to 161-2; Sinclair 59 1-2 to 60; Intergontinental Rubber $11+2 to %; North American Pulp & Paper 61-4 to 61-2; Wright Martin 43-4 to 6; Midwest Refining 186 to Sapulpa 1-3 to 8 8-4; Endicott- J 80 to Bb: Mrrt, 311-2 to 313-4; Houston 118 to 122; National Aniline 301-2 to 311-2; Cities Service Bkrs. shares 393-8 to 391-2; Britis American new 27 to 271-2: Actna a 4 to 11; General Asphalt 70 to ne prices were dull and irregula: Lima 50 to 55; Remington 74 to 16 Asphalt 70 to 72; Houston 118 to 123; GRAIN. Range for day at Chicago Changer % 8 loots 66% HOR a 66% Sis, Bhs GN 4 fxr 49.60 Alt $h30" ait Corn—July, 2 to 21-8; September, off 11-8 to 11-4, Oats—July, off 11-4 to 11-8; September, off 7-8, to 9-4, Bradstreet's grain exports: Wiest ~10 3 cons 4,00 bet i.e a4 BARNINGS. The balance sheet of Swift Inter- national Company, cabled to Chicago, showed on Dec. 31, 1918, a surplus of [resources of $117,955. against $102,605,400 in previous year. Pypfit and loss surplis Parnes to 870,- 443,441 azainst $53,948.40 Pittsburgh & West Virginia, year 1918—Net income after charges and taxes $989,231. West Side Belt RR. Co,,for 1018, ro- ports a deficit after charges and tax of $130,612, Chino Copper, quarter ended March 31, 1918—Net operating loss $173,441 This compares with profit of $66,801, or 7 cents @ share—par $—earned on 44,349,000 capital stock in December 1918, quarter and $1,124,254, or $1.29 8 share in March, 1918, quarter, Safety Car Heating and Lighting year 1918—Net profit after deprecia- tom and Federal tax $622,866, against $748,613 in 1917. DIVIDPNDS. Standard Ol! Company of Ohio, regular quarterly of $3 and usual ex- tra of $1, payable July 1, Wayland Oii and Gas Company, regular quarterly of 2 per cent, on common stock, payable June 11. Philadelphia Electric Co, regular quarterly of 13-4 per cent payable June 14, West Penn Railways regular quare terly of 11-2 on preferred payable June 16, Copper Range, quarterly of 60 cents inst $1 last quarter, payable June American Bosch Magneto Corpora. ton, lar quarterly dividend of $1.50 a share payable June 30, Di- rectors have also voted to anticipate payment of $600,000 notes due Janu- ary 15, 1920, and have called them for payment at $101 on July 15 this year, This Is first maturity of the $1,800,000 seria) notes. Colorado Power Co., regular quar- terly 13-4 per cent preferred, payable June 16, Union Tank Line, quarterly of $1. payable June 25. Previously 2) company declared a semi-annual of $2.50, the last paid on March 25, Cambria Steel Company—Regular quarterly of 11-2 per cent. and 1-2 of 1 per cent. extra, both payable June 14. Previously company had been paying extra dividend of 11-2 per cent. Federal Mining and Smelting-- Quarterly dividend of 1 per cent. on preferred, payable June 14 Contest Over $200,000,000 LOS ANGEL May 16.—H: of the late Col. Robert F, Hunter, Indian $20,988,229, whieh is equal to $14.39 a are for the capital stock of 1,500,000 shares of the par value of $15 cach. The report di surplus was Prairie Oil Merritt 311-4 to S112; Endicott- Johnson $0 to 83; Aetna 107-8 to 11; British American Tobacco New 263-4 to 27; Aniline 301-2 to 311-2; Peer- less 33 to 381-2; Swift Inter. 58 to 69 Sapulpa 85-8 to 83-4; Cosden 93-4 to 10; Midwest 188 to 189; No. Am. P. & P. 68-8 to 63-4; Wright Martin 7-8 to 6; Nipissing 111-2 to 118-4; Curtiss 19 to 21; Cramp 120 to 12; Sinclair Gulf 591-2 to 693-4; Inteont Rbr 811-8 to 82; Int Petroleum $1 to 32; Glen Rock 63-4 to 7; Boat 161-4 to 17. ° the curb close was irregular, Boat | 6 34, up 1-43 Intercontinental Rubber | a2 up 1-2; Sinclair Gulf 59 1-4 off 3-4; Pheriess 341-2 up 21-2; Switt Inter- national off 2; Midwest 189 off 1; Mrrt 315-8; Houston 117 off 2. red, nd Gas, year 1918, ¢ for Men Up toany others in style and quality — beyond any others in the real values that our mod- erate prices represent. OUTSIDE MARKETS, Philadolphia opened quiet, Phila- Gelphia Electric, 251-2: Tono Mining, 33-4; Cramp, 126 bid, Boston opened firm. American ‘Tel. 1037-8, up 1-4; Shoe 63; Ventura 15, up 1-8, Blyn Stores—established on the principle that volume re- duces cost of retailing to the smallest proportions. MONDY Call, mixed collateral, opened 6, high 6, low 5, Rwis. 6, rulings closed all industrials opened 6 1- high 61-2; low 51-3; renewals § 1-2; rulings 61-2; closed 51-2 per cent, Business is restricted to a few re- Super Stores—big and com- plete, catering to the footwear needs of the entire family, do- ing the vast amount of busi- ness that permits small profits —growing year by year, they keep far ahead of all competi- 5 34 per cent, Mixed money ig un- hanged at 6 1-2 per cent. bid, offered lat 5 3-4. Banks gained from Sub-Treasury yesterday $540,000; lost to Sub-Treas- ury since Priday 4,154,000. EXCHANGE Pressuro continued on Ure during not indicate when the } trader and ranchmi have begun a ia daughter, a © which compe extending Aris. trom Marleopa to Fl Paso, T ops New Summer Oxfords Style 477 Men's Biack Vici Kid Oxfords, 4:50 A conuurtable, easy-fitting Oxford on @ straight last. Soft and fex- ible, A splendid shoe for warm weather wear, priced below manifest val its Style 401 Custom Last Oxfords, made of America’s best feather lish custom last, ‘the morning, cables touching @ now tors. low on move at 7.93, Franc cables were easier reacting to 6.84, Demand sterling firmed up to 4.05 3-4, Swiss | cables 5; Peseta cables 20,2 sterling demand 4.66 1-8; franca de~ cables 6.34; lire demand 7.98; guilders demand 39 1-8 cables 89 3-4, CLBARINGS Men's Beet! Mall Order Devt, 3240 hind An with tapering toe and low heel, One of the season's best. 9 Ses e By ar. ik Ae’ and lor? iy at} 8 Lire reene OV EAST SIDE STORES: Sd Ay. A 1220 a wear the Door Postage Including Insurance 10. Draft Only, 1d P.O Money Order or N.Y. New York $810,905, 160,19 Sub-Treasury debtor e Clearing House, $188,283; Federal Reserve Bank creditor $49,006,971, PRICE OF LEAD ADVANCED. 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