The evening world. Newspaper, June 6, 1919, Page 20

SS Meeting and Concert Sunday, June 8, at 8 P.M. at The Hippodrome OPENING OF |BOY SCOUT WEEK (June 8th to 14th) SALURDAY EVENING We have all the latest Victor snd Co'umbia Records MADE IN U.S. A. At Grocers and Delicatessen Stores B Poacher 331 Sprig St. N.Y. Your Vacation Where to Spend It _ WThe SUNDAY WORLD’S : SPECIAL SUMMER RESORTS NUMBER Will Be Published Next Sunday Found” articles WHOLESALE MEAT LOWERBY$7T0S8 PER 100 POUNDS Housewife Can Can Fil Market Basket at Less Cost Than for a Year Past. By P. Q. Foy. (Special Food Expert of The Evening World.) When the large beef companies were short-shipping this market and freez- ing up enough meat each week maintain an artificial situation. Thy Evening World did not hesitate to ox- pone their methods, and this flood of publicity trained on their system com pelled them to change their question- able business manipulation. ‘This brought a more generous food supply to New York city, and tnet- dentally lower prices. The supply of freah meat is heavy and prices are $7 to $8 per 100 pounds lower than the highest point last winter. The dest cattle are offered in the wholesale houses at 200 to 2c per pound, while most of the large retall mark»ts are not paying over 17¢ to 18¢ @ pound | for the beef that they will sell over the counter at the end of the week. ‘The retatl dealers are not giving the consumers the benefits of the lower wholesale prices. You con call it profiteering or anything olxe that you want to. The Food Administration per- mitted the retailers to take abnormally large profits on a small volume of business. This enabiod the retailers to cut up one or two steors and make the same amount of protit that they made on twice the quantity of meat handled in pre-war times. It is not fair for retailers to over- | charge consumers, as they are now do- ing, for meat, When the wholesale to | price » or the cost to the r 6c or 7c a pound less, the ce is entitled a proportionately price on th ats, base! on th sale cost. EVENING WORLD “FAIR PRICES” FAIR TO THE RETAILER. The quotations given in The bve ning World Fair Prices ailow the re- tailer a generous profit in fact, much lower orices can be charged the consumer and & good margin of profit be left the retailer, The or- dinary edt of meat are now lower than for over two years, and while there may be a slight reaction from present prices, it will only be a tem- porary one, as the days of extreme high prices are gone forever. The lesson of the war will result In Increased production of foodstuffs, and the only danger that lurks in the future is that of overproduction, This was made possible by tne use of thousands of American farm tractors and other kindred inventions there is great saving in man fp C. W. A. Hare, Director of 8: advised the House Military Ate faire Committee that it would be dis- astrous to farmers to permit th a plus army meats » distributed among the consumers of the United States, It appears that the large beet packers always manage to have th friends at Washington, The army surplus of meat would amount to one and one-half pounds for each of our 100,000,000 consum- but this meat is put up fu . ounces to the pound; r is not included in the marked elgbt on the packuge as in the case of meat packed for d use. Perhaps the large pac sirous of permitting the public to get used to full weight foods. The prices on butter and exes in Tresponee to the exposu of th ulators’ methods by The Bvening World down to the lowest point in many months and consumers should get the benefit of the lower prices uoted. ‘The arbitrary advance in rentals In the public markets will compel the retallers to operate under a heavier expenso—and may eVen lead some to charge a larger margin of profit. This is a colossal mistake by city authorities to inal wastage and incompetency in operating its market bureau, ‘The Hebrew housewives are the greatest victims of profiteering meat | nd poultry lers and should not more than the prices quoted on it meats and chickens Nearby vegetables are coming into market, and cabbages, beans, salads, onions, tomatoes are much lower in price, In fresh fruits, such as can- m who ft Don’t delay until the last minute—June 30—when the rush will drive prices wa fad all oe: Prepare Now for All Prices Cut to Sell Ont e Rye; 4s ‘hub are « ‘ds... ey; Ss Commercial Ie Cab Keystone Club and the reliable brands hibition! Best Prices 1.75 Mackey & Mackey pat XXXXX 3. 28 Perfection Scotch... .. Old Chatsworth Scotch James Boyle’s Irish XXXX.... PaMS eGwWiWew Aw, inlaw: 235 BRANDIES AND GINS MAK ah oo 2:00 & Not ” rect IAL QU Te avOTATIONS QUALITY WINES Pure Cal, Claret, ee 1,50 Bat, Gal Savaae Waters: Grown Court 'vaiiey edee Bordenu: ees 28s Fioriae eeebessceessesseverczsses eoesesseun s22se8. Me ie Cie, O14 Ruby Port Oporie: MISCELLANEOUS AY wine ogi Vingt BACARDI CARLTON TAMAica WOM? DO COCKTAILS 00, $2.20 8 Listed at Sacrifice Prices, Ask Us. IN LARGE QUANTITIES, 1 GOLDBER ESTABLISHED SINCE 1887 Eighth Av Ove Brenings Until 8 ¢’Cleck, oe the | cover up erim- | WALL STREET | News and Gossip of To-Day’s Market—Present and Fu ture Prices. have Re- Despite the that Federal warnings been went the Bank stock market has been too fast, mit by werve that the upward pace In the and that if sensational manipulation continued effective measures would be taken put a check on the market, bull pools were conspicuously active to-day and advances in spe- clalties of from three to nine points ommon. | most of the recent! favorites were not satisfactorily re- | sponsive to manipulative efforts, the bul! crowd initiated an intensive cam- | pain in the tobacco shares, The Tobaceo Products Co. announced last night that it would place its export | Dbusiness in the hande of @ separate organigauion which would issue 2 000 shares of no par value, Holders of Tobacco Products will be given the tobacco business are sharpening the Tobacco Products «Export Co, at #10 per share. « | This right to subseribe Is con- | sidered in Wall Street as a financial plum and reports were immediately taloupes, peaches, blackberries, straw- | berries, huckleberries and ‘water- | |melons, the wholesale prices are low |for early in the season, and consum- ers should consult the price list, which gives a liberal profit to re- tallers, FAIR FOOD PRICES IN THE RE- TAIL MARKET. The housewife should fill her mar- | ket basket with choice things to eat | this week at a lower price than wai possible in over a year. Profiteering | etailers are not inclined to give the umer the benefit of the declines in the wholesale cost, but they are | always sure to charge up the ad- vances, Pork and poultry remain | high, but if the consumers use these | sparingly the prices will soon come to were Finding t not un | MEATS, | Porterhouse steak, fancy, Ib. .43 a 48¢ Porterhouse steak, medium, 1b.42 a 450 Delmonico steak, 1b +43 a 460 Sirloin steak, Ib.. Hirloin, flat bone, Sirloin, second cut, Round steak, first out, ib.: Round steak, Ib ove Bottom round, bewe Gat ib’ Rib roast, det to 6th rib, tb Rib roast, 7th to 9th rib, Ib Rib roast, common, Ib Chuck steak, Ib. Kosher soup meat, Ib. Kosher shoulder steak, Kosher breast, trimmed, Ib LAMB, circulated that other companies in| ie tobacco business are shapening| their knives for a “melon” cutting. A large public following was thereby attracted. Tobacco Products ‘moved | up 7 points to a new high, American Tobacco and Lorillard both went up 5 points. United Cigar Stores 21-2] points, and other tobacco shares about two points. Other specialities giving evidence | of pool manipulation were Atlantic! | Guif which aviated 10 points, Rubber, American Ice and Central Leather, which also made a new high for the| present bull movement, The fact that morning gains were not maintained in the afternoon sea- sion can be ascribed to timidity re- garding the money situation, That the big bull speculation has become unpopular with the Government's Treasury Department did not, pass unrecognized. At any rate profit taking develseill shortly after mid-day and U. 8. Stost, which had made a new high for| the year at 111 7-8, fell back to around 110 and the highly specula- tive favorites lost about 50 per cent. of their early gain. lt developed to-day that banks are disinclined to loan money on stock | market collateral beyond a three} months’ period, and there was evi- dence of some discrimination against straight industrial collateral in call loans when the rate was placed at 1-2 per cent. as compared with 5 1-2 per cent, for mixed collateral, ‘i Railroad shares moved irregular- ly throughout the session. Apparent- ly the public refuses to become en- thused about the speculative pos- sibilities of these issues until it can ‘be definitely ascertained what action | the Government will take to protect |Failroad investors when the carriers jare returned to private control on Jan, 1 next, Copper shares responded to the an-| nouncement that’ demand for the metal is now steadily exceeding pro- duction and showed gains averaging a| point or more. Predictions are again| being made in highly quarters that the metal will be selling at 20 cents per pound inside of a month. The market at the close continued to display @ nervous tone, changes for the day being pretty evenly divided. Trading was again very heavy, the volume of transac- tions being the third largest of the year, , Company’ ships under British regis- | try will result in a stiff battle at the June 16 to ratify the sale, It has become known that a pow- Leg of lamb, Ib Hindquarters, lamb, Ib Loin chops, lamb, 1b. Shoulder chops, lamb, Ib. Rib chops, lamb, Ib Chucks of tamb, Ib Stewing lamb, Ib Leg of mutton, Ib Shoulder of mutton, Ib Shoulder of mutton chops, ib: :27 a 320 Mutton chops, Ib +38 a 400 VE | Leg of veal, Ib.. a2Be Rump of veal, Ib. Shoulder of veal, Ib. Veal chops, loin, Ib Veal chops, rib, Ib.. Breast of veal, Ib... PORK, Bsksee BRERBeRseeRsEs Pork loins, Ib. Shoulder of pork, 1b Haima, fresh, "> Hams, smoked, Bacon, strips, 1b Bacon, butts, 1b Shoulder of pork, boneles EGG White, henery, dozen Brown, hennery, dozen Wostern, large, dozen. Western, mixed, dozen CHEESE. Full cream, fancy, 1b Full cream, good, Ib. Skim milly 1b... 0... BUTTER. ery, prints, fir ory, prints, good, » ery, fancy, Ib. reamery, good, Ib Creamery, fair, tb. POULTRY. Turkeys, fancy, Ib. io 80.0 820 55 a 70 apons, Phila pons, Phila., medium, 1b, ns, Western, 1b 8, lary Fow!s, medi |Ducks, Long I | Silzhen, young, pa Silzhen, old, pair... | Squabs, Ib | Powls, kosher, Yb. . +++ Roosters, kosher, Ib, i FISH—Fresh. a 56 a 580 54 a 560 40 a 420 823 1.10 d4o 26 a 280 10 a 120 18 a 200 aie 40a “32 9 a0 18 a 200 | Haddock, Codfish steak, b. | Market cod, | Salmon, Ib. Sea trout Halibut Sea bass, 1b, | Striped bass, | Eels, tb Kingfish, Ib Lobsters, Butterfish, Shrimp, tb. . Weaktish, Porgies, Ib. +26 a 300 15¢ | VEGETABLES. Asparagus, bunch T Onions, oid, Ib. ,.+¢ Onions, new, 1b Potatoes, new, tb. 100 We [6a To Sa 4c) : Ta 100 » 4a be +16 a 250 Cabbages, Corn, lo ears. FRUITS. \ Cantaloupes, each. 5 ‘ perous than ever before, a 620 9 $e to 27 points below its Hquidating vatue, 0 | BOBERBRSESBEES erful element in the directorate a | strongly opposed to the sale, and ft is | by no means uniikely that they will) sue a call for proxies to vote in op- position to the sale at the meeting. As a matter of fact, wel! Informed interests were willing to predict to- day that the sale will be abandoned without a fight, The opinion of some of the larger stockholders have been sounded out and !t has been ascer- | tained that they belleve that stock- | holders’ interests will be best con- served by continuing the business, and not by Mquidating at this time when there is every indication that! the shipping business during the next two years will be more pros-/ | F. W. Scott, a prominent Virginia! banker, and John W. Platten, Presl- | | dent of the U. 8. Mortgage and Trust | Co., are two directors who were placed | on the Proxy Committee to vote im} ratification of the sale at the June 16 meeting. They have now resigned from the committee because of their ‘opposition to the plan. It has been that Donald Geddes and lOnarles A. Stone, two other influen- | Mal directors, oppose the sale. "The stock market has beep sceptical regarding the proposed sale being car- \ried out from the time the plan was \first announced, Under the proposed lan the, preferred stockholders would \receive $167 per sbarg in liquidation. ‘The preferred stock Ras been fluctu- ating between 120 and 130 or from 87 |p Governors of the Stock Exchange 78 | probably will vote next Wednesday jon the proposition to close the Ex- change on Saturdays during July and August. The matter has been agi- tated every year for the past decade, t this is the first time it has been | pat ir) ‘a vote by members, Brokers ‘and their clerks have become physi- lcally and mentally fagged by the long string of million share day: ‘it is now believed that Gov | will act favorably on the petition, ———_ COTTON. Opened heavy. July 29.70, off 42 September 28.85, off 47; October 28.76, | off 87, ‘NOTES. Price | 5 TODAY'S PRICES Total sales of stocks, 1,780,300. Opened steady. up 1 0116 ON THE CURB. Sinclair Gulf, 68, Sholan, 60+-601-4; Boone Oil, | 11 $-4—12 1-2; Barnett Oil, 1-4—6-1) Nat, 71-8 8481 9 1-2— Western Basin, 71-8; 1 | Ranger, Cities 89; Coaden, 11 3-4—12 80; Viet. Oil, 21-2 wine prices irregular. 1-2: Royalty, 16-813 up 1-2 j fining, 187 Pric gamated Royalty, 15-8—13. Guit Ken. 53. B, 8., 38 3-4—88 7 Opened steady. 1-4; 11 4-2, up 1-4; 3-4—1; Tex. Ken. Service bank shares, 38 Merritt, 29 3-4— 3-4; Amal. Roya 18-4; Houston Oil, 125 Oil, 5 3-8—6 5-8; Glenrock Oil, 1-4; Hudson, Isl. Oil, Mid. Ref. Int. Pi States, 10 3-4 Omar, Queen’ O11, 61- 15-8 t., 80 1-281 1-2; 73-4—81-4; Elk Glenrock, 7— Stanton, 11-4— 13—15. Boone, 12— Amalgamated Sinclair Guilt 63, Houston, 126-180; Midwest Re- 1 Sholan, 50—6 at 2 P, M, irrogular, Amal- 62—63; Merritt, 29 3-4- 5 7-8-6; National Oi, Boone, 12—131-2; City Service Houston, 120—130, THE CURB. Nipissing, Am. & P., 6; F Tneeesont, 12, Chalmers, Rub., oH No. Peerless, 49, up 8-4; Magma, 34 Curtiss, 18—20; Golden Gate, 3 1-: H Per. Tire, Tie} 1-2; Cresson, 3 8-4—4; Big Ledge, 1-2—5-8; Boy, Caledonia, 39—41; 8—10; Kerr Lake, Potts Canyon, 2 1-4—8-8; Dar. Noon Tire, 23-4; Morris, 12 1-2—12 3-4; 13-4; 113-412; Asphalt, 73—7 Perfection, Licey at2F 891-2, responsible | 4t"h Nyt oi—64, prices irregular. Perfection 11-8—18-16; Un, Profit, 21-8— Unity Gold, 71-4—73-4; Philip Peerless 40, up 111-2; Nipissing, 4; Boat, 161-2 Inited Motors, 61—66. M, irregular, Peerless Chatmers, 10 3-4—11; off 1-4; Boat 173-8, up Russian 61-28 54, up 1; Russian 59, off 1; Ilunois Central 51-28 up 2} Anac. Ga, 100; Interconti- Chalmers, 11- up 11 11 3-4—12; Wrigh| paste. 3; Savold Tire, 55-57 Lead Continental ‘candy, C., 111-161 3-4; Un, Profits, 21-8—2 3-8, guilders demand 38 Swiss cables 5.25; Stockholm cables 25.75. to emphasize more forcibly | the strong foundation underlying present market, In this connection a ne | aa Market authority quoted. Basically, the strong market is founded e | oO the country’s record-breaking crops | and unprecedented exports, Which prom- ise not only to continue undiminished, but to grow volum April exports, | for exam ached the startling total of $715,000,000, establishing a new monthly. record ‘py the large margin of | $92, detain H, Fallerton, ae & Yalcott, has joined ber Bond Department of th ra’ Trus: mpany and will nave charee of the | ain apie bee ty ain oP vasa a, formerly or | Call, mized collateral, newing at 4; all Ind. re! There are the strongest kind of Banks lost 40c | Prospects that the proposed sale of| aay $362,000; are \the International Mercantile Marine | $4,150,000. meeting! of the stockholders called for $'4s- ee CRY HER Sep' ber, lending and . 61-2 per cent. ‘Treasury yester- since Friday EXCHANGE, Sterling demand 4.62 1-8, cables 1 francs demand 6.47, cables lire demand 8.07, cables. §.05; 7-8, cables 39; peseta cables 20.04; GRAIN. Bange at Chicago: CORD 3 Fae? Ree ae ve He he — Eu3 a #22 as oe es a2 “e + ses i Aa Lied . tem: off 13-8@11-4; December, off up|. eisceveses see FRERE FE +l ieeb tite +1 + i +} PULittet+ i+ Fees 2 2 eeeeeic eeeeeerere 116% Bly o% Pieter leiiil LIBERTY BONDS, 31-28 99.62, up .02; Ist 49 95-32, up 02; 2d 48 94.30, off .10; Ist 41-48 96.00, Up .10; 3d 41-49 94.74, off 06; 3d 41-48 95.56, off .04; 4th 4 1-43 94.96, Bochanged. Victory Loan 4 3-48 99.98, off .0: 100.10, off iy 2 P, M.—8 1-2s, 99.52, up .02; Ist 4s, 95.34, up .04; Ist 4 1-43, 8, up .10; 2d a + off 10; 3d 4 1-4, 95. ria, 100.06; 3 3-45, 100.08, off .08. Oats, September, off, 3-4 17-841 3-4. Di ir, T-Ball. at BARNINGS. New York Central, year 1918—Corp- orate income account surplus, after deducting ordinary fixed charges and war Laxes of $24,400,345, equa to 9.80 per cent, on $249,509: stock out- standing, compared with 0.21 per cent. in 1917, 18.31 per cent. in 1916 and 11.11 per cent, ie i916. Michigan Central, 191 urplus over ordinary fixed ch rges and war taxes of $2,569,563 eq ing, In 1917 company earned 18.35 per cent. Cleveland, Cincinhatl,’ Chieago and St. Louls, 1918: surplus under Federal compensation of $4,736,706 after ordin- ary charges and war tax; allowing for dividends on $10,000,000 5 per cent. pfd., balance is equal to 9 per cent. on $47,- 056,300 common stock outstanding. In 1917 road earned 10.06 per cent. on common, DIVIDENDS. Stutz Motor Car—Regular quar- terly of $1.26 a share, payable July 1. United Lt. & Railways Company— Regular quarterly of 1 per cent. on common and 11-2 per cent. on Ist preferred stoek, payable July 1. BANKING A AND FINANCIAL, _ BANKING AND FINANCIAL, Livingston Oil Traded in on the New York Curb Orders Executed at the Market Over 20,000 Acres, Texas and Oklahoma. Gasoline Absorption Refinery. Large Pro- duction and Earnings. Dividends 3 Per Cent. Quarterly. Development ; 9 in the Northwest kburnett the Stonebluff and 1 in the Osage Nation flip Oklahoma, Prac Ucally all offsets; {n numerous in- stances to “* 2,500 barrels and over. come in at intervals within 60 days. Two of these wells are now about to Cl te te tae i aoe aera come President J. K. 85 wells, practically offsets, to be drilled. The oe Soegene bes the Burkburnett Field. tor further particulars regardin; poration, reference is made to R. Bradstreet & Co., and any bank in Tulsa, Okla. C.D. Knarr da2.aCo. Lstablished 1900 STMENT Sinczr Bupine ‘Tel, Cortlandt 2543-4-5, 8273-4-5 herein while not guaranteed have' been obtained Srom wias authoritative sources, — The statements Bh ceneiets fn be reelly 908 ‘ rat Fields, s, 2 in the Cow- Center, 1 In up to All due to ‘edicts ad building another re- above Cor- Dun & Co., ne. New York adh a2 Lk LIGHTNING DIVISION MEN BACK WITH GEN. M’RAE Capt. Raymond Belmont and Col. B, B. Brown Other Passengers on Sant Anna, Fourteen hundred and twenty-eight members of the Lightning Division (the 78th) came back to-day on the Sant Anna of the Fabre Line, which came from Bordeatx and docked at Pier No. 6, Bush Stores, Brooklyn. Among them were Major Gen, J. H.* McRab, Division Co nder; Licup! Col. B. B. Brown, 303d Engineer, ani Capt. Raymond Belmont, son of Au- gust Belmont. Gen. McRae said he thought the story of the division had been told often enough and he did not want to add to it now, He sald the total cag- ~ valties were 8,300.% The division fought in the St. Mibiel and Meuse- Argonne drives Lieut. Col. Brown had 44 of his officers and 1,098 men of his regiment on the shif with him. The other troops were 17 officers and 90 men of the Headquarters Troop. Capt. Belmont said he found life in the army “great” and that he was fond of it| He was met by his wife and Mr. and Mrs. August Belmont,, who took him away in a limousine, er on board was Father Joh A. Farrelly, No. 49 Audubon Avent pldin of the 303d Engineers, whp cited for bravery at Grand P where he administered absolution ® the dying under artillery fire. Other transports arriving were the Duca d'Aosta, from Ma follies, docked at Pier No: 91, Nor rise, {rom he with 11 soldiers anchored. * Financial Message 'HE supply of pened flow. ing into Wall Street, available for investments, is increasing rapidly, A large amount of this new wealth is coming from the West, where the demands for loans are not large enough to absorb the present money supply. | etapa beh is smiling on every section of Amer- ica, A bumper crop worth millions is almost ready to swell this golden stream. Un- precedented success is crown- ing our efforts avenue of our national life. While it is true, the buying power of he dollar is Jess, there are pall dollats to spend and these should be invested con- servatively and sensi For instance, one can ct Ladd soned dividend paying securj- ties, which will return « co! parative’ high income yi that will help to offset the de- creased purchasing power of the dollar. ECURITY values have not with the ei the great nytt of our coun- Special Letier on some of the good stocks to buy at this time, featuring LVERS OILS INDUSTRIALS PPERS GOLDS will give you just the infor. pelle yon hood eed TOO MUCH GASO- , LINE? IMPOSSIBLE! Any motorist wil teli you 80, also about the prices obtainable for this com= modity. . Theref. yan (I, Wyomi ne Olle the highest grade in the Pe ra Bg ee me strong marketwise. Special report covering tMe teue free upon request for 10 103-—No, 34, SCHMIDT & DEERY Members Consotiddrea Stock Exchange N.Y, New York Offices aditroad St, | 218 Filet Ave, Ty, Mary Hull 6648 Pulla. ‘Offiee, as Widener mids. Silver Stocks are at last receiving public recogniti that should pian ows “ cy higher market levels. Our latest report tolls why sliver Should Sell Much Higher and covers many of the leading silver producing companies, Copy & 30 Free on Request. Chas, A, Stoneham & Go 41 Broad Street, New York. BRANCHES CoscageDetisit- Ailwaukoe-—Rowton ESTABLISHED 1000.” WO'r PROMOTIONS: TEXAS OIL LEASES) 50 PER ACRE UF. Ol leases tm difternnt oft tn blocks of 40 to 80,000 roduetion, alemeniacar mated Sui) 2