The evening world. Newspaper, June 9, 1919, Page 10

meetings are watched with unusual interest as it is generally believed that tho results of CLOSING QUOTATIONS. meetings to be held shortly will be forecasted by the action taken by the porphyry companies to-day. It fe known that the porphyry com- panies have made a dismal showing earnings thus far this year, and that the Nevada Consolidated Com- pany and the Ray Consolidated Com- pany have been unable to show op- erating expenses fully earned. Utah Company has not fared much better, Yet the best opi dividends will not be further reduced. There has recently been a very per- ceptible improvement in the copper Demand for the metal is @radually expanding and prices are Surplus stocks are being gradually.worked off. For this reason it is considered likely that directors will come to the decision that they are not stepping outside the bounds Of conservatinm by delving into ac- cumulated surplus earnings to meet current dividend requirements. Stock Exchange members are watching proceedings which involve the housing of the New York Curb Market with acute interest. influential members believe that if) * the Curb Market is put under cover it will grow to be an important rival of the Btook Exchange notwithstand- img the fact that the Curb Market has stipulated that it wil not deal im stocks traded in om the big board. When the proposition of housing the Curb Market first came up three years ago it was vetoed because of New York Stock Exchange opposi tion. However, as it apparently has bomhe to the point where there will t be no Curb Market at all unless it is put ander cover, and ag it is, in many fespects an important adjunct of the Btock Exchange, likely that no serious opposition will be voiced by big board governors or Members at this time. (7 In point of volmme of transactions |) the Curb has become the second largest market in the world, even the London stock Ex- 4 shares, Am, Tel, & T, Co, 107 Anaconda Mining. . Ate, T. & 8. Vy 100% Rektein Locomotive 104\5 —29 Rethdeheen Biel 14. Bkign Rap, ‘Transit 92% Gal, Petroteum. . Cnotrad Lieather .. Canadian Proifle,, 100 Chie, Mil, & Bt, PI, Mid, Refining, 186—188; Victoria Oil, . 23-4—25-8; Houston Oil, 126—190; | Flats and Small Dwellings Are Rushed to Meet Fall Rent- ing Scramble. i! i ? I+] i i i : i : Lieees i i & ef Creek, 57—68 1-2; Western States, it bi fear eer ce 3F =z sf Fi : i i 8 $ 3-8—8 ton O} 21-2—1 i E i i a | 2° Ro; yal ‘The Interboro Con, pd shares. ita + 59 1-4—59 i . i i ee | ! sere seesee MeMr, Marine et. Mer, Marine et. pf, 120% rH Cosden Company, 11 3-4—12. Hl bit ri Pennapivenia R. ¥, ritt, 29 3-8—29 1-2; Sapulpa, 81 Southern Railway . 18-161 Todacco Products . Morris, 121-2—12 3-4; Florence Bilvei 7>—80; Hecla, 5 3-8—6 yon, 34-85; Golden Gate, 3 3- lo altogether LIBPRTY BONDS. 3 1-2, 99.40, off 10; lat 4s, 95.40, off 20; second 4s, 94.30, off .08; first 4 1-4, 95.70, off 20; second 41-45, 94.70, off 4; third 4 1-48, 95.60, off .04; fourth 4.88, off .06; Victory Loan 4 3-48, Victory 3.3-48, 100.10, 11-2; N. Y. Shipbuilding, 42-45. Asphalt 78° 1-2—%5; Chalmers 11 Remington %—16; Boat 17 1-4—17 3-4 Inter. Cont. Rubber 29 1-2-0; Nat. Aniline 36-88; Peerless 3$—40; Swift|days' notice with the alternative of enting the apartments to Dene, Cigar ; Aetna 10 1-4—|2F@ retreating in haste from their | 10 3-4; N. Am. P & P 6 7-8-4. BENSON SAILS TO-MORROW. PARIS, June 9.—Admiral William 5. Benson, chief of naval operations of the United States Navy and naval adviser to President Wilson and the American delegation at the Peace Conference, left for Brest to-day. He will wail for the United States on the battleship Arkansas to-morrow, with his aide, Commander Andrew F. Carter, Cananea Copper Com; May production totaled 3,000,000 pounds 1 0 ounces aiiver and ‘and ‘Arizona Mining Com- 000 pounds in May Le yt 's May output totaled rn aloeotin March. . Chalmers Motors 10 3-4a1 Inter 58a60; Wright Martin 5 5-8a6;|to Nipissing 11 6-8a7-8, in April and $8, t ——— Intercont. Rub., 28, off 2; Manhattan |! Shirt, w. 1, 34, up 31. 11; Peerless, 40, off (Prom the Philadelphia Record.) Mugsins—Skinnum §| success in the stock mariet entirely to Rare fieeenh seas ts i n 61-2 per cent. MMA LLL changed. Banks are asking 6 per cent. for accommodations and money | is lending at that rate and at 63-4) Per cent. for 60 and 90 day periods on Manhattan really needs new homes all industrial collateral. Renewals, only for those who happen to be un- are being made at 52-4 per cent. housed by the transformation of old Mixed money is 51-2 per cent. to| flats or dwellings for business uses— Process waich ls always under way. is, however, amounts to much less EXCHANGE, than’ 20,000 persons a year, so Man- hattan is in a fair way to produce Lire| housings greater than its increase of and cables to| People. Its apartment projects are of the larger type, most of them intend- Demand Sterling was slightly ed for families able to pay rentals firmer at 4.63 3-4 and Cables 4.54 3-4.| above $100 a. month. | Swiss Cables were 6.26; Peseta Cables| sought movement to alter its thou- sands of old private dwellings for three or four families, or into small bachelor suites, Is under way vigor- ously in all residential sections. Such houses will make homes of a higher class for several thousand more peo- ple before next fall. Brooklyn and the Bronx are lead- ing the rush to house the masses. Bronx flat builders filed plans this week for big structures to cost over $1,000,000, and plans have 53-4 per cent. ing to 6.42 and caibles to 6.40, checks firmer to 7.9: 7.90, 20,18; Stockholm Cables 25.70. Guild- ers Dem, 39, Cables 39 3-16, Dee, + Ale 18D. “10% Discount on All Pisichases Dent THIS WEEK WE WILL OFFER THIS WONDERFUL INDUCE- TO THOSE DETERMINED TO HAVE AN EVER-READY AND UNFAILING SUPPLY OF HOT WATER. WHETHER YOU BUY FOR CASH _ OR ON OUR INSTALMENT PLAN, THE 10 PER CENT. DISCOU Many. Landlords and Tenants are sorel the shortage of the supply of hot water. A Gas Water Heate impossible. We have Gas Water Heaters for use in ‘Homes, F. y tried at this season of the year on account of makes such complaints factories, Laundries, Hotels, Stores , or by Druggists and Confectioners Gas Water Heater that will provide hot water wherever hot Bt crhied wont: there's 0 WILL BE ON DISPLAY IN THESE GAS OFFICES Nos. 212-218 West 57th Street No. 1909 Amscerdam Avenue No. 32 West 125th Street No. 20 Webster Avenue, Long Island City Consc idated Gas Company of New York GBO, B. CORTELYOU, President % ‘i ici med 2 stint isthe RES No. 2084 Third Avenue No. 529 Courtlandt Avenue No, 1815 Webster Avenue Total sales of stocks 1,715,900 OILS ON THE CURB. Opened steady. Morritt Ol, 291-4 Amaigamted Royalty, 11-2 Sinclair Gulf, 62—62 1-2; Hudson Oil, 17-8—2; Island Otl, §— 81-8; Cities Service Bank shares, 388-4—391-4; Cosden, 11 8-4—12; Glenrock Oti, 1-8; Boon: 18—13 1-4; Omar Oll, 55—68; Elk Basin, 101-2—11; Federal Oil, 43-8; Boston- Wyoming, Range: Noon prices irregular. Amalgamated Royalty, 11-2—-15-8; Com. Pete,,|T@@lty excianges and constructional 4; $8269; | associations throughout the metropol- Sholan Oil, 611-253; Texas Ken.,/ jtan district indicate that homes for| # fully 180,000 persons will be provided ; Anglo-American, | b¢fore next winter, Pet., 80—80 1-2; | will be able to find new homes in the greater city. Projects are under way already for Ranger Oil, 3-4—1;| “Pbroximately 4,500 families, mainly Sholan|in apartments, struction of private dwellings in all _| suburban sections is expanding every ane day, and a record-breaking muss of TRE CURB. houses costing from $3,000 to 87,00 will be started during the next three Cal. Jer. 6-16—7-16; Cons, Arison, | months for occupation in the fall, ie- Big Ledge, 1-2-4-8; Cur- | ports show that hundreds who bad in- Liss, 15-20; Bureks, 13-4—3; Philip | tended to wait until prices of mates rials and labor should come down have changed their ideas on this mat- ter, and are hastening ahead with their plans, believing that Prove more profitable to get their in use a% soon as possible Balt Creek, 4; Ranger Ol, 3-4—1; M! ‘clock prices steady. Midwest, bee yp) Ol, 120-130; Tex. 11-2~1 5-8; Opened steady. Caledonia, 38-40; Asphalt, 78 1-275; Hupp Motor, 9 9 Submarine Boat, 17 1-4—17 3-4; 10 1-4—10 3-4; U. ; Boston Montana, 7%—~77 homes Gold, 43-4; British-American Tobacco | rather than to delay work for an in-| Sorts mice abort mustered, 22-24; | definite period because the loss in! a tae, be rae Perfection ‘Tire, | U8 promises to amount to more than 1 1-16—I 3-16; United Profit, 1 3-8—| could be gained by lower prices, Landlords of the profiteering type, | Noon prices irregular. General|who began to threaten tenants into igning leases of one to three years | exorbitant rentals under a few International 58-60; Wright, Martin | ,, 5 3-8-5 5-8; Nij ing 11 3-4—12; Two o'clock prices Ri Nat. Aniline & $ Copper 36a8; Peerless Motors 39240; The close was steady. Asphalt, 74; Chalmers, MONEY. ' Call, mixed collateral, lending and | renewing at 6 per cent.; all industrial| BRONX AND BROOKLYN LEAD WN FLAT BUILDING. Manbattan bas projects “under way 20,000 more persons this year, in spite of the fact that stativ- is un- tics show its population to have been ically stationary during the pas" pines low ing Banks gained from Sub-Treasury patattes: $239,000; since Friday $5,305,- The time money market Frances were firmer, checks advanc- GRAIN. Range f ne cago: fen am SEO pa Chane, Inaty » fe. ni, uly On Rat w+ 29 july e+ S BRe 8 « ‘ * = to webeagal. WwW mR i ‘4 Deo F : ‘ ie. “oe ge 22 Be Market cio strong up 1 te 200 point. The present standard of form of! contract used on the New York and New Orleans Cotton Exchanges comes within the provisions of the Federal Cotton Future Act, the United States Supreme Court in effect held to-day by dectining to review judgments for $23,215 awarded New Orleans cotton brokers from Fred Browne of Fort Smith, Ark. on a cotton futures transaction, t 19.62 to 19,64, September 19.49 to 19.61, Oc- tober 19,32 to 19.33, November 3 cember 18.95 to , February 18.79 to $89,867, Increase $216,501; five mont! sales $8,565,351, increase $1,428,170. DIVIDENDS, 8, 8. Kresge Co, 2 1-2 per cent. common and regular quarterly 1 8-4 ber cent, preferred dividends, payable uly 1, Loose-Wiles Biscuit Company, reg- ular quarterly 1 3-4 per cent. first preferred, payable July 1, Utah Copper declared a quarterly dividend of $1.50 a share, Chino 7% cents, Ray Consolidated 60 cents and HOMES FOR 130,00 THS YEAR IN NEW WORK OF BUILDERS Profiteering landlords are things of } | the past. Builders increased their rush to re- ; Si Heve the housing shortage this week, letoria Oil,| and exhaustive surveys of the situa- r Oil, 3-4-1. tion completed more than 1,000 families, ombracing over fifty se te operations, They call for over $3,000,000. Its work on small private dwellings ‘s growing fast, more than 600 being under way at costs of $2,500 to $10,000 each. The majority of these builders are spec- plators who have been prominent in that field for many years, their hold~ ings having been sold with a rush during the recent few weeks of ex- cited buying by families who sought to raise themselves out of the pos- sible reach of profiteering landlords. SMALL HOME BUILDERS. BUSY IN ALL SUBURBS. Queens is putting up inereomng masses of tiats in Long nd City districts and small dwellings in every available outlying section. Queens- boro Corporation is planning apart~- ments there to cost $2,000,000 and the Mathews syndicate, which has put up over 800 six-family houses in the Ridgewood section, is planning 1,000 more along the Corona dual extension, the, first unit of fifty, to house 300, families, being projected around the Lincoln Avenue station. More than 650 private dwellings are under way in the borough, nearly 100 being of the two-fumtly type — Edgemere, Richmond Hill and Woodhayen lead in this form of activity, having re- tively ninety, seventy-five and xty dwellings der y. Jamaior foriy,/Eimhurst and [dgewood, More than 100,000 positions all, steady, Endj-|Tenants who realize that there will cott-Johnson 7781; Gen. Asphalt|/be plenty of new apartments and 73 $-4a4 1-2; Aetna Explosive 10 1-4| dwellings 43-4; Amer, Marcon! 4 7-845; Sub-|tbem and they are being marine Boat 17 1-4a3-4; Inter Cont.|@lso by the larger conservative realty ubber 29030; Cramp 8 & E 130a5; | interests as well as by the Nathan Chem. 36a8; a | Hirsch committee and Commissioner ext October are defying of Accounts Hirshfield. Rental agents owners who increases 0) promising at about one-third of the: calculated advances and man; learning that their tenants re! ign any leases at ali until well into tbe summer, Swift | admit for housin, years, the main city growth hav- confined to the suburbs. a Thi But the long- son in the Hronx flat averages less than $700, the weeks projects will provide homes for over 1,500 persons. ‘This rate is expected to be accel ated immensely during the next three months, and more than 20,000 persons should be provided with new homes bg ed ki is ‘ni ris fully 40, suring on ly, 40,- hs or quarters for 10,000 largest project under ‘way was announced during the week by City & Suburban Homes which wal ald mevdel Hoke f families on lomew' jo, ‘at @ cost of $2,000,000, from plans ders in other parts of the th have projects under way for BANKING AND FINANCIAL. SOLIDITY AND PERMANENCE OF STOCK MARKET EXPANSION Does a critical anal market fundamentals indicate that present activity is based on solid values and does a survey of influences governing the im- mediate future justify the belief that still higher prices will pre- vail? These and other factors of timely interest are discussed in our Market Letter of June 6, 1919, which also gives latest de- tails and information on Boston & Montana | Brit. Amer. Chemical Big Jim Cons. Bigheart Prod. & Ret. Candelaria: Sholan-Sinelair Tex, Prod. & Ret. | Southwest Prod. & Ret, A resume of the silver situation has also been prepared, which contains timely information on Tonopah Divide Eureka Bullion Silver King Con. Tintie Standard West End Con. Write for Circular $30. Charles A. Stoneham& Co. 41 Broad Street, New York. Chicago. Hartfor Are You Protecting Your Oil Profits? —Many investors have made handsome profits in oils this year. —There are still good possi- bilities in this direction but it may be wise to be- gin diversifying. Industrials, oils, 2 and mines are all treated comprehensively and impar- tially in our weekly publi- cation “The Market Annal- tat’. Current issue forward- ed gratis upon request for 10§ No. 88. SCHMIDT & DEERY Members Consolidated Stock Exchange of N. Y New York Offices Main Office Uptown Office Phila, Office, 628 Widner Bidg. One of the best of the American- made care—certain te benefit by the present activity in the autome~ bile industry. A comprehensive report. referring in detail to the history, present status and outlook of the Stuta Mo- tor Car Company, will be found in this week's Market Letter, whtob alse features late news regarding Central Leather American Woolen Continental Can ‘Sinclair OU ‘Chandler Motor No. EB, W. 435 Free on Request. HARVEY A WILLIS a Co. "MEARS COMSOUDATRD SWC | 4 BANKING AND FINANCIAL. NATIONAL ICE FARRELL COAL A combination of closely correlated com- panies whose near-future market career bids fair to engross widespread investment at- We feel that we are in possession of ex- clusive facts regarding them which should interest every exacting investor. Details mailed Nevada 371-2 cents a share, These are same as three months ago and are | payable June 30. ———— ‘Swift # Company's sales of Beef in New York Ct. for the week ending Saturday, June 7, averaged as follows: eats Mest, 10,48 cents per pounds—advi L, L. WINKELMAN & CO. STOCK BROKERS 44 Broad St., New York Pe ee ee TRXAS Oft. MAPS —Mape of Tesns. | Wichi Boanty Nowy Count Comanche ‘may ft the Panhandle Antieline aie a | thirty cach; Hollis, twenty-nine: | AID FOR SUFFRAGE ASKED... Flushing and Far Rockaway, seven- ——_——_ teen each. tnetllding of private dwellings 1s 60: ing on at a lively pace in a _ ~ Nd uffolk Counties, Westchester| WASHINGTON, June pe and the New Jersey commuting sub-|of twenty-eight States were to- urbs. Materials and labor are some-|urged by the National Woman's Party what cheaper there in comparison |to cali special sessions of their Legis+ ree ote reve vere toe ee who |iatures for ratification of the Suifrage bought land at the low levels prevail- | amendment. The Governors appeal to are in States where women have f or Presidential suffrage. “Belleving you earnestly desire the speedy termination of the Sutfrag® yestment value in the current market, | question,” the appeal stated, dine \These outlying suburbs report pro- | much as tho Legislatures of thiriys jects for housing nearly 30,000 porsons |£e¥si9, “tetore 21, ‘wo sk You vo calb ty dwellings before the end of the |, special session at the earilest possible: Zeass the total cost to approach $10.-| moment for ratification of the ame to Governors BANKING AND FINANCIA( BANKING AND FINANCIAL. | new printed reports now ready on Active New York Curb Securities NVESTORS and traders inter- ested in New York Curb Securities (some of which have advanced several hundred per cent recently) are offered the following one-page printed reports without charge. Arranged for quick analysis, giv- ing capital, organization, history, manage- ment, properties, earnings, production and (Please order by number) Perfection Tire (No. E. W.-258) R Petroleum (No. E. W.-259) BL apo: Silver (No. E. W.-260) Elk Basin Oil (No. E. W.-261) Pennok Oil (No. E. W.-262) Hollinger Gold (No. E. W.-263) Tonopah Divide (No. E. W.-264) Cosden & Com: (No. E. W.-265) Sinclair Gulf (No. W.-266) Island Oil (No. E. 267) Golden Gate Gold (No. E. W.-268) United Profit Sharing Co. (No. E. W.-269) LATEST NEWS ON THE ABOVE AND ALL ACTIVE N. Y. CURB MARKET SECURITIES with quotations, dividend notices, estimated sales, high and low levels, in this week's issuc of the Investor & Trader Sample copies free to investors and traders. Ask for No. E. W.-793 hotels and the in JONES & BAKER SECURITIES 50 Broad St. 505 Fifth Ave. eb, Broad 2910 © ret, Murroy mu TL28 NEW YORK PHILADELPHIA Birect Private Wires PITTSBURGH CHICAGO Deraoit BOSTON 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 ° 18 wells drilling; 9 in the Northwest Extension Burkburnett Fields, Texas, 4 in the Beggs, 2 in the Coweta, 1 in the Pumpkin Center, 1 in the Stone- bluf and 1 in the Osage Nation Fields, Okdahoma. Practically all offsets; In numerous instances to ”’ showing up to 2/500 barrels and over. All due to come in at intervals within 60 days. Two Telephone Broad 6470 of these wells are now about to come rca, President J. K. ion_ predicts 2, ‘O- 60 35 wells, practically offsets, to be drilled. The Company ts building another re- : finery In the Burkburnett Field. > For further particulars regarding above Cor- poration, reference is made to R.G. Dun & Co., Bradstreet & Co., and any bank in Tulsa, Okla. C.D.Knarr dz.aCo. Lsteblished 1900 Investrent Broxers Sincer Bunpnc ]§= New Yori Tel. Cortland? 2543~4-5, 8273-4-5 The statements herern while not guaranteed have been obtained from what we consider to be reliable and authorilative sources.