The evening world. Newspaper, June 17, 1919, Page 14

| aisplayea at tie opening. The general | theory was iat money would be eas- | ler, but the bull contingent wanted | confirinatic suming aggressive operations. tes opened at 10 per cent. Cail P WALL STREET fs and Gossip of To-Day’s | was the signal tor « general buying movement, whieh grew proportion- | market—Present and Pu- ately when the renewal rate was an- ture Prices. | nounced al 9 per cent, and later when the rate for new joans dropped to 7 per cent (all speculators in the stock market) fy 1 w'clock the leading specula- fresh cow’ to-day when tive issues were up from 3 ww more rates showed considerable| than 7 points, General Motors went from yesterday's high rate of) per cent., which, incidentally, wns | highest ~2rk touched since the ization of (he Federal Reserv: up 6, Studebaker 6, and U. 8. Rulwer, in which there was the strongest kind of buying on the decline, went up nearly & points, Other tnotor and tire ‘and stocks rebounded sharply | *aresa were eagerly bought with re- final prices of last night sultant substantial advances, Where was considerable temerity ‘The movement of U. 8. Steel, which ROCKINCHAIR Athletic Underwear /ar Men & Boys you've worn it you'll be glad you! ought it; you'll De enjoying » bodily freedom and ¢: ol comfort onty genuine patented Rockinchair can 5 rovide, Prove it—try « couple of suits. son & Ervin Norwalk, Conn, healthful— POMPEIAN OLIVE OIL —“always fresh’ Makes a Rich Creamy Mayonnaise Dressing Fruity Flavored and Appetizing Sold Lverywhere of this belief before re- | for ight industfial collatera) and this | | | | | } fay trading in these he heavy and all of tu: 4 3-4 per cent., showed decline: market's displayed. market commitment break in the stock market first began |'™ additional SPORTS ST accounted for 25 per cent. of the day's transactions, were closely watched. After early hesitancy it be- gan to make headway and sold as bigh ag 105 5-8, @ gain of 2 1-2 points. Other ste®™ issues were quick to foi- low and advanced from 2 to 4 points without meeting much opposition. What lent.added encouragemmat to the bull element was the fact that standard issues, including rails and coppers, displayed considerable buoy- ancy. Gains in these issues ranged from 1 to more than 8 points. It became very apparent that the inside position was much more healthy as a result of the re- cent decline. it is a well known fact that @ large number of poorly mar- gined avcounts went by the board und that the market does not now contain @ dangerous number of wop wae orders Brokers {ool that the money crisis | is & matter of bistory, although it is admitted that caution must gtill be In view of the fact that within two weeks large eums must be drawn from banks to meet July 1 in- terest and dividend disbursements it is Rot considered a propitious tim to resume the bull campaign on a reckless youle. ‘Chere is tuo much dangér thut banks wil again murk up money ites and ruoy check unwarranted manipulati Vurther ease in money rates in the 1ate wtteruvon brought a new rush of buying orders into the market and prices viowed at about the highest of (he day, gains in the leaders extend- iny from 2 to nearly 10 points, Hub- er, motor and vil shares, old ravor- ites, Were in particulary guou ae- mand, Swel croswed 106. The crumbling a y of stock mar- N ket prices yesterday, with doclines in! quite @ number of the highly specu- lative issues extending ty ten points or more, resulted in an urgent eail from brokers to customers for ad- ditional margin, In most cases the necessury wherewithal was supplied, but the weak tohe at the opening tnia morning was due in large part to the closing out of contracts of qelin- quents, Une objection the Federa! Resery 8 had to the reckless bul: specula- nm was that an extraordinary amount of Liberty Bonds was bein, used as collatera! to finance stock But since the hi t a week ago to-day, Liberty Bonds have been coming on the market in unusual supply. In a surprising number of in- stances customers who are usked for margin deposit Liberty their bro! Yester- ds was very rious issues, the Victory This Bonds with with the exception of activity and weakness was caused in \t jarge part by brokers selling out the | collateral back of accounts in which the margin was nearly depleted, and |° which clients were unable to build Germany that she Mexico up again In the speculative turmoil caused dy the highest money rates tn six other stock market factors 1 but forgotte: The threat of fl not sign the treaty and tho invasion of by American troops receive peace only passing attention. now gradually really ¢ seen until after t “Tt'ts the opinion of excellent bank- ing authorities that money rates wil! decline, but that not again be n of the haif y money he. turt | year, Money that was drawn from banks for the payment of Federal Income | taxes, due last Saturday, is now be- ing redeposited. And the sharp re- action in the stock market is of it- self condvcive of lower money tes, as in package. Fah 5, . wlan bai In Summer Eat The Meat Of The Grains In no other cereal will you find such distinctive flavor GrapeNuts The solid nutrition of prime wheat and malted barley, ready to serve direct from Rich in the elements nature needs for keeping up vitality, without overheating. No cooking. No waste. i RY ARNE Un § jue Warm BE, & M _> = LIBERTY BON Ds 3 1-28, 9944; Ist 4s, 94.80, Off .10; 8.66, off 08; 1st 4 1-48, 95, off 4 1-44, 93.90, Off 18; 3d 4 1-48, Off 06; 4th 4 1,48, 94.08, off 02; Victory 4 3-45, 99.96, up .02; 3 3-48, 100,02, off .06. TO-DAY'S PRICES '| Total sales of stocks 1,433,700 shares, mmmiaa| CLOSING STOCK QUOTATIONS. High. Low, Last, Oboes. Am. Bret Grape m4 Bt mh + 3% Am. Can ay 1H OH + Am, Ixxcanmnive..: 83% 80% BI + 3 Am. Senet, & Rf, 0% THY 80% 4+ Am, Mee Kiry “ . 41% + Am. Tel & Tei Co, 100% + Atecomia Min re " + An Ta 8. ON + Ath. Gui & Wo 1, 171% + Hertwin Locomedive 06 + Reh, & Ohio “we + | Heth, Steal 8 crty. 88 + 3% | Bktyn Rep Tranmt 0% + 3% On), Petroleum us + 2% Omntral Leaitier,.. 101 + 4% Canadian Peciic,. 1! +s Ce, & Ohio. an ++1% ama ner @ + 2% Chino Copper “a +m Com . 8% + 35 0% + 2% 11% + % 216% +126 10% + % o +1% 1% + % 20% + 0% 04 + % w% + % a +m 404 +28 1G + 0% 1st +44 Mien! Oncor pals Mubvale Steet +2 Mo, Pacific + 1% N.Y, Ovotra! + 3% Ya Nn + % Nomis Wacite . % J ¥en, tt x ja & Ww. Ve ™~ wm 41% | Meauing SK 8TH + 2% +4 + + | Teras ae 1 P. M.-3 tes, 99.43, off 0.02; Ist 4s, 8, 93-68, off 0.12; Lat 94.90, 2d 4 1-49, 94.02, i 3d 4 1-48, 95.28, off 0.05; 4th |) Up 0.04: Victory 4 3-43, i 8 8-45, 100,04, off 0.04, OILS ON THE CURB, Opened steady, boone Oil, 10 1-2— Cosden, 1€ 1-4—10 1-2; Boston Wyoming, 65—67; Federal Oil, 3—1-4; Gienrock Ot], 6 1-8—8-8; Omar Oil, 45~50; Mid, Ref., 168—70; Houston, 115-120; Sapulpa, 7 8-4—8; Savoy Oil, 9—11; Mid 168—169; Sinclair Gui, 53, off; Merritt, 26, off 1-2 Commonwealth Pet. 67 1-2 to £; Int. Pet. 27 to 37 1-2, Noon prices strong. Ranger Oil, 3-4—7-8; Int, Pot. 26 1-2—271-2: Com. Pet., 68 Salt Creek, 60— 1-2; Cosden, : Amal. Royalty, 11-8—8-8; ‘Tex. Ranger, 51+ Merritt, 2 Sinc. Cons. 7 5-8—3-4; : Boston-Wyo, + Stanton Oil, 13-8 11—18; Fed, Oil, Mid. Ref., 170— Sine, ¢ Merrit Victoria Ol, 2 1-4—2 4 M. prices strong. 12 1-2; Ranger Oil 10 1-4; Sapulpa, Booe, 10 1-8 8 y Oil, Open Mcnday aut Saturday Evenings MICHIGAN FURNITURE COMPANY All June Specials—Redaced— Same Liberal Terms on These SALE OF High Grade All Models Sold on Liberal Terms, he Weekly ty w — H aso W The ams Ww 1.00 1000 Yards First Quality Many Patterns Special » re" 6e yard F rice inciades measuring laying. {9—11; Stanton Jatgr oe. ae a sss 84.69 oft eo 4.30 Pe acs All thoroaghty ee ; Dertectt Leben Pom A a Stay! Malt 110 Seedemtor s3%1 Deceinber ty a Out day cork, off BS, < METALS. oul, clair Cons, 64-341 M1454 id Ret, 171 1-2—17 ‘Omar Oil, 45—48; Queen Oil, 11—1) Boston Wyoming, 64-66; Amal Roy- jalty, 1 1-8-1 8-8; Texas Ranger, 6 1-4 6 1-2; Commonwealth Pet 68—58 1-4; Pitts Texas Oil, 10, -8—10 Balt Creek, 60-61; Cosden Co, 6 1-4—6 3-8; 8-10 1 Federal Oi, 1-261; » 26 27 1-2. Prices at 2 P. M. quiet but firm. Merritt Oil, 26—261-2; Houston Oil, 115—120; Commonweath Petrol: 5666 1 Glenrock Oil, 61-4— Pitttburgh-Texas Oil and Gas, 10 —105-8; International Petroleum, 71-4—273-4; Texas Ranger, 5 1-8— -8; Sinclair Con., 64-66; Sinclair Guif, 641-2—66. THE CUR! Opened steady, Aetn: 9 5-8—10; Big Ledge, 1-2—9-16; Hecia, 6 1-8— 1-4; Mck. Darragh, 60—€4; Boston Mont., 76—80; Perfeetion Tire, 1 5-16 —1 1-16; Cons Ariz., 1 3-16—1- conia, 39—~41; Cal Jerom United Profit, 2 1-4—8- Rubber, 2%, up 1-2. National Aniline 35 to 37; Swift In- ter. 54 to 56; sing 11 to 11 1-4; U. Retail Storey 77 to 78; General Asphalt 69 to 71; Cons. Cigar 65.to 68; Swedish Govt. és w. 1, 09 8-8 to 99 5-8; Chalmers § 1-4 to 9, 3-4; Peerless 27 to 39. Prices at moon were strong. Biz Ledge, 1-2—9-16; Cresson, 4 1-8— 43 Heyden Chemical, 67-#—7 Savoid Tire, 64—56; Sub. Boat, 16—| 161-2; Uni. Retail, 79—80; United | States Steamship, 2 7-8—8; Kerr- Lake, 6 3-4—6, The P. M. prices strong. Inter- | 3-8—-4; Cal- | ‘al continental Rubber, 2 edo Cal. nia, 40—41; 8. Int April operating revenue, $3, increase $693,012: four montha’ ope | ating revenue $11.00 ineo! 3: income 9, I operatin. increase $1,1 % Minneapolis, Juni 6.40 to 6.60; July, 645 to Marie, year Aug., 6.50 to 670; Sept, 63 to charete Oct., 6.60 tu & curtoN, 8 | Canadian Pacific Rallwa * winiam J Shaughne: y Was electe: Market closed strong.—Closing B {director to fll the vacancy caused b: 55A00; August 20, 47A50; Sept. 20, 39 | Victoria, B. C., A40; Oct. 20, 22A4; Nov. 20, 06A7) Dec. | been desirous 0 19, 89A90; Jan. 19, 83A6; Feb. 19, 794A) who has for some time f relief from busine: cares and responsibilities, Bay thea’ TAG; April 19, GATI:| “ene diréetors of Crucible Steel Com: 7 " cowrEs, Dany of America have failed to de- Oven,” High, Low. Laat. |clare an initial dividend on the com- ay ae Bx Bw way|Mon stock or any Liberty Bond di: cates ** BS WS 13S Sis] A opectal ting of Aetna Bi March sl 19.80 10. special meeting of Aetna Explos- Mag. Oat 19S Wl 19:08] ives bis gn 2 stockholders has been — called for July 10 for the purpose of DIVIDENDS. taking action on the readjustment International Agricultural Corp.,| Plan. , Transfer books will be close from June 21 and be reopened July 11 An oil well flowing nr juarterly of 1 1-4 cent. on beeen, aris Beg Lead barrels an hour and pfd stock payable July 15. | was bought in by the Texas-Ran National Fuel Gas regular quarter- Frodugiag and oars Company Fr’ ly of 2 1-2 per coat, payable July 15. / 487, ,The new, well 1s located in a 40- Jersey Central regular semi-annual | Wichita County, Tex. surrounded by out of coal earnings of $2 a share /such famous produce: C) the Golden payable June 80; also regular quar- ie, United, Thrift and Burk-Wag- Sey, eee ee Rae ee ot OF mei the blanest produest at the "Aeld Share payable Avg. 1. This is the fifth well to be brought in Lehigh Wilkes-Barre Coal regu- tar semi-annual of $3.25 a share pay- |>¥, th Texas-Ranger Company. ‘Seven other well, re drilling on the 40-acre able June 28. tract and at lowa Park, in the same leounty. Derricks are being erected EARNINGS, | preparatory to starting work on seven ther wells. American Tetephone & Telegraph | "Chile Copper Company's May produc- ry CIA” Fd 1-4; . Dar, 60—64; United-East- ern, 43-4—7-8; Gresson Gold 41-8—; 5-8; Submarine, 16—1-2; ship, 27-8—8; Allied Packers, 63 7-3; Colonial Tire W. 14.15—1-4; Aetna, | Natl. Coal, 7 Hey- | 5 B Candy, | 3-8--7-8; Perfection ‘Tire, 15-16.1 United Profit, 214—3-8; Big Lodge, 2—9-16; Boston Mont., 78—82,, United Metall, 1-2—79 1-2; N. | Shipbldg., 43—45; Philip | Morris, 11-2—18, | es at 2 P.M. quiet but firm Morris, 111-2—12; Un, Retail, | 80; Savold Tire, 56—58; Submarine 16—16 1-2; Heyden Chem: H 5 Martin Parry, 2828-4; Al- lied Packers, 63 1-2—64; Col. Tire, 15— | 151-4; Continental Candy, 6 1-2—6 3-4. | MONEY At the opening of the cal! money market to-day the situation pre- sented an entirely easier position than existed during the last few days of trading, Demands this morning were moderate compared with heavy requests for funds at opening yester- day and o1 Friday last, Only 910,000,000 w: demanded and sup- pulied, At the opening of the time money market demand for obliga- tions aggregated about $20,000,000, with borrowers bidding 6 per cent. but no funds were offered. Commercial paper te dull. There is 4 little business doing at 51-2 per cent. for etter names of regular maturities with high class short paper occasionally discounting at 51-4 per cent, Country banks are larger buyers. The bank acceptances quiet and unchanged Spot delivery: is | market 0. Pe mabe, gsi ml on: i Inet. "Gk, bt i ‘enor, he, poumbr, bke, 4% B: nel, bk, bie, 6 B, Thirty” days delivery: m0, BB U. 8, Steam- | | KLEINS RAPID SHOE IMPORTANT OPENING The Most Modern Shoe Repairing Shop in the U. S. This shop occupies a large store, 50 by 100 fect, at 113 Nassau St. and ig installed with the most modern machinery for repairing and rebuilding shoes. The machines are the latest model electric po’ nd the opera- tors are skilled shoe workers—specialists in their lines, which excellent equipment makes 1,000 pairs of shoes a day possible Each customer ia allotted an individual retiring booth, y ean try-on as the work progresses, eliminating all confusion, and under the accurate eye of a master workman. The Job is inspected minutely from start to finish, insuring the highest class of work. WE MAKE OLD SHOES EQUAL TO NEW. i nites PUR mcHese CEA Wonk. ar re precisely the mame as those used in the male The planest clase” of new (shoes, nly ‘the vent materials ant tan ‘leathers used in our leather work and we uss only the. we Cavertiacd ota soles, when leather is Not desired. and all the vertined standard fibre Dest make of Rubber Heels. “Come! Put us to the test: anpoint us your Shoe-valet wear and greater eatisfaction Parcel Post Deliveries Paid Within 50 Miles. ma ite co 1 13 Nassau St. Between Beekma: 4 BromeS PIN Wash you get longer | BANKING AND FINANCIAL. BANKING AND FINANCIAL. = EXCHANGE. Lire improved, rising to 8.01 for ca- bles. Demand sterling and franc, checks continued under pressure of | offerings ard eased off to 4.60 1-2 and| 6.35 respectively, Among neutrals Guilder cables firmed up to 39 5- while Swiss cables fell off to 5. peseta cables, 20, and Stockholm ca- bles at 26. Sterling cables, 4.61 1 francs, cables, 6:38; lire, demand, 8.03 guilders, demand, 39. CLEARINGS. New York $1,138,652,116, increase $694,854,875; Philadelphia $85,483,110, in- Boston $99,599,460, ry debtor at Clearing House $129,441, Federal Reserve Bank creditor $127,767,639, GRAIN, Range for day at Chicago: Metal Exchange quotes Electrolytic | Copper spot 17 1-4B; June, 17.30B;/ July; 171-2 to 17 8-4; Aug., 17.70 to} Sept., 17.80 to 18.00; Oot. to 18.00 1-8; Nov., 17,92 1-2 Lead stead: 6.12 1-2 to 5.35; June, 5.16 to 5.35 5.15 to 5.87 1-2; Aug., 5.20 to 6.40, Spelter firm. East St, Louis spot, JAMAICA ENTRIES. RACE TRACK, JAMAIACA, L. L, June i7.—The eniries for to-morrow’s | two-year-ol ila: five amd 0; Bide Hick. jam, 108; Voauor, Ireland, 114; Lady ‘or ne mile and 0, § CBM, 06; Bouween Hie Lt thiee-yearokle and up Have Many of Your Friends Made Money?— and quietly retired to comfort because they made wise, timely and well selected invest- ments in the booming New York Curb Market? It is probable that some of them learned the way successful investors or traders arrange their investments to insure @ greater degree of Safety and Profit through our booklet (free to intending traders and investors) “Market Strategy” Every salaried man or employer who hopes to make his knowledge of affairs bring him a comfortable income in dividends, or from the upward swing of his market purchases should order this exceptional booklet AT ONCE. Call, ‘phone or write for No. E. W.-486 JONES & BAKER SECURITIES 50 Broad St. 505 Fifth Ave. Te. Broad 2010 Te. Murray Hill T1120 NEW YORK PHILADELPHIA Direct Private Wire PITTSBURGH CHICAGO DETROIT BOSTON SUBMARINE BOAT NORTH AM. PULP & PAPER | Operations of these two divergent companies during re- cent months have been of a character to escape the analyti- cal attention of the average investor, We have prepared a perfectly unbiased review of their present status which will be presentec to market investors who are interested, No obligation entailed in sending your reques: L. L, WINKELMAN & CO. STOCK BROKERS, 44 Broad St., New York Telephone Broad 6470 "hua in ss At the meeting of the Board of the Company 5,096,000 pounds against 6+ Vand 4.508.000 19 March tion to! Make a note of our most con- and A prices June 20, 65460; July 20,/the resignation of James Dunsmuir of | Venient shop for you. |Let it remind you of the most shirt satisfaction for the least money. We are the largest shirt special- its in America. Twenty-three shops at your ser» vice. A money back guarantee of ab- i 4;80lute satisfaction with every, * shirt you buy. | Let us show you our large assort~ ment of our fine woven madras shirts now worn by hosts of New York’s best dressers, priced af $2.65 leadquarters for Olus Union Suits (Chain Shirt CARGEST SHIRT SPECIALISTS IN AM Hotel Pennsytvania aif pertatt B17" Rrondwa: 1407 Brea 4 Cortland? St. 1484 Riera i Naneau St. BY st Delancey st.” 204 v 123th Be BROOKLYN SHOPS | 367 Fulton st. 431 Falton BWARK SHOP, 170 Market 34. | Betanepe berantom BANKING AND FINANCIAL. PESOS ea Why the Silver Stocks Are the Big Purchases of the Day N A SURVEY OF THE MaR. kets, one is impressed by the solid technical position in which the silver stocks e entrenched. Although the price of silver re- cently jumped to $1. per ounce, the highest price In 30 years the silver issues have not to discount marketwise the of prosperity that is now opening for the producers of the precious white metal. HILE OTHER GROUPS of securities have been lead- ers in the histofical Wall Street boom of recent weeks, the Silve 4s a whole, have scored only modest advances, certainly, they have not discounted the silver boom that is 0 clearly indicated. The Silvers to-day occupy much the same posi- tion as the Coppers did in 1915, when many people begun to wonder \f the Coppers would ever move. What the Coppers did in the great war boom is now a matter of stock market history, Sitver STOCKS, THAT 15, the seasoned issues, repre- sent outstanding investments and speculations, which are worthy of the immediate and thoughtful eon- sideration of forward-looking in- ‘stors and traders. Many of the Silvers are genuine bargains, while others pay handsome dividends showing an unusually high invest- ment yield. MY = STATISTICAL DEPART- ment has prepared @ special ana- lytical review of the silver indus- try amd the leading silver stoci and makes a suggestion for @ $1,000 silver group investment. If you have your eyes on the Silvera, you will want to read this letter. Send for your copy to-day. My office Is headquarters for in- formation on all Hiver Prompt and cour- teous attention given all Inquiries. 42New St Toronto Cobalt Porcupine Buffalo Direct Private Wires to Canada and “ll Office: Central Leather Co. A prominent factor in the leather industry, certain to benefit to a marked extent as a result of the world- wide demand and high price for leather A detailed su Gs mmary of the history outlook for Central wer aa, tiat , ral Leather. rot parte Ular interest, to Investore. Is fentura in this w ‘a Market Letter. <4 with late news telative to Ohio Cities Gas Continental Can Cuba Cane Gaston, W. & W, No, EW-440 free on request, HARVEY A WILLIS «Co. SOK ~ 4 STABLISNED EEMDSERS “CONSOLIQATED jac oem “Gawvonte Phone BROAD 127) \oKether VANDERBILY 7037 | STORY OF RANGER WEA