The evening world. Newspaper, June 18, 1919, Page 16

TO PROHIBITION All Prices Slashed On Our Tremendous Stock of We Must Close Jul 8 DON’T WAIT! BUY oe BE Deal with a reliable eancern, CAREFUL Femeeaopeta. Pages | We refgr you to the Manufacturers’ Treet Company, ove bankers for many gears, ap to our standard and integrity. SPECIAL 10-DAY OFFER 10% DISCOUNT sgctacer mat ss art ce made on case #tar indicates, 859 8TH AVE, NO,BRANCHES Phove Columbus 9176-2191. Convenient te Babway, 1 and Street tiers Special Notice We Still Have a Stock of BURKE'S UINNESS tm Splits, and advise these who are Secustomed to using it as a tonic te provide for their needs without delay. Call BRYANT 5244 if Unobtainable at Your Dealers. E. & J. Bure, Lrp., 620 West 46th St., New York We also bave ample supplies of Burke's ‘Three Star Irish Whiskey imported in glass. | OLD CROW RYE Reg. VU. & Pat. of. imate sts WHISKEY HAND MADE STRAIGHT big gpg STRENGTH AND QUALITY AS ALWAYS SOLD BY ALL FIRST CLASS DEALERS BEWARE OF RE-FILLED BOTTLES H. B. Kirk & Co., New York, N. Y. WORK MONDAY MORNING WONDERS, EEE DRS UChr’ WALL STREET News and Gossip of To-Day’s Market—Present and Pu- ey condition aided the edvance. ing the best renewal! rate obtainable ty brokers was § per ‘gent. Dut later in the day the ea! cent. for stralmht industrial eoftateral What partieulariy eheered the ull element was the comparative buoy- ancy of Btecl common. This Issye, which is always the lexitimate market leader, sold at 07 §-4, an ad- vase of 1 3-4 points over last night's Avail price and its bh had a simulating effect on the eptire jist. Equipment etepks were prominent leadera, American Losomotive ud- vaneing nearly 6 points, Baldwin Locomotive 8 points and other shares im the sume clus: shewing propor- tenate guins. There was ag news te account for the strength in these iamyes although the report was eir- culated that the Railroad Admini- stration had finally decided to place large orders of locomotives, freighi care, &e. This report fatled ww feeelve confirmation jo = official quarters. Motor stocks under the leadership. ot General Motors, which af one time showed 4 gain of more than 7 points, were in good sepceulative demand. They were helped by re- ports that orders are piling up to such ap extent that plants are now over-tamed, Sentiment regarding the general mayhet was benefited by the stat ment iqvued by the Iron Age, a rec- ognized stee} trade authority “Improvement in the steel situation We ammertod strongor terms this week. Millis schedules show it, par- tieularty in the Middle Weat. In a number of finished lines Sookings are larger and the opinion thas been ventured that May output will siand as the jow record of the year.” ‘Wall @treet is inclined to disregard developments in the foreign situation, and is concerned prinolpally with in- side technical market conditions in which of course is included the money situation. However, it seems to be the prevailing financial belief that Germany, in spite of contradic- tory newspaper reports, will sign the peace treaty without further import- Ont objection, There has been heavy accumulation of stocks on this theory. The stock price movement was ac- edlerated in the last baif hour by in- creased public demand which appar- ently was attracted by easier money conditions, American Car @& Foun- dry, Pan American, General Motors, Steel, Texas & Pacific, Bethiehe: Steel and Maxwell Motors were con- oploucus for their strength at the close. Now that money conditions are back to what may be termed normal bull speculators have apparently re- sumed their campaign for higher prices on an intensive scale. At the opening this morning highly speculative favorites topped yester- day's large gains with further ad- vances, running from 1 to 5 points. General Motors and American Ice were the star performers, But conservative bankers are not reluctant to state that if market fire- works continue, money rates will again be jacked up. During the past few days the Fed- eral Reserve Bank has been subjected to much criticism for what is termed the arbitrary method of creating a scarcity of call money. Acousatio: are heard that the bank statements have purposely been made to show up poorly, If money rates had to be put up, it is argued, due notice should have been given, and the public would then have been enabled to take means to protect their market position. ‘The memory of the bull manipulator Appears to be defective. Notice was given three weeks ago that the bull speculation had become too reckless, and the Federal Reserve Bank and responsible bankers advised against {ts continuance, But their warnings went unheeded. Now that the headlong speculation for higher prices threatens to break out afresh, it will be interesting to note if now warrings of a further stringency will also go unheeded. In thia eonnoction it !s pointed out thet within the next two weeks further large withdrawals must be made by corporations from banks for the pur- pose of meeting mid-year interest and dividend disbursements. Several recognized banking authorities state they will not be surprised to see call money again touch recent high marks if the rampant bull movement con- tinues. One of the big surprises of the mar- ket is.Interboro preferred, Yesterday it advanced €1-4 points, This repre- than 20 per cent. in one day. No one oan be found who has « plausible row. * CLOSING STOCK QUOTATIONS, i Am, Best Sugar... Amn, Can ‘ *, Fre 8. +. cr. in, Bon Pies. Am, Tet & Tet Oo, Avaconta Mining Sgsascy 233 E8o a Fe a 7 ee Sretees? eeeces “ei e" esseetedit rleers see sURSEESREuss=sypeeaegn3zgsges-sgboegsess mT QUUNSRESEgSessysezerzsS5esezesgarseegyiievas FLEE LFHt Ee FEES LE LER EHEEE EEF (ete HOO 14444 teeta rete ee f, if SEESESSS*E* = Fo LIBERTY BONDS, 31-24 99.36, off 06; lst 4s, 94.60, off 10; 2d 49 94.00, up .10; Ist 41-4 ,95.00; 2d 41-48 94.10, up .04; 8d 41-45 96.34, off .02; 4th 4 14g 94.18, up .04; Victory Loan ‘43. ae: 2 ty 100,00. , off TO iat 4 ets 9 that | . a explanation for the mov cominue to multiply that @ T-cent fare Will shortly be granted. In fact, the story was circulated that new T-cent fare tickets are now being printed. in view of the recent as- sertions of the Mayor and Publié Ser- vice Commiasionern that they are op- posed to an inereased fare at this time such reports must be taken with a large grain of salt, ‘The most reasonable expiagation for the sharp up-awing seems to be that the bull Jool which is known to be operating in the issue ve a fine tanning to operators wi had the temerity to sel the mock short dur- 1 Be me meneres market weakness on United States Rubber also parently, intrenched in the mystery class, ‘The stock has been persis- tently bought on every repeveion and Togday it made a new fh for the vear, It is soning aroun 126, notwithstanding ise fact that Ht is a won-dividend payer, and avvording (9 official intimation will not pay a divi- dend this year. Rumors are everywhere heard that the du Ponts are buyiug heavily into the stock for the purpose of acquiring control. This report probably was aspired by knowledge of the géneral daqvinitivenses of General du Font it that the Rubber ny would make « very valuable ad Janet to the General Motors Co., in which the du Ponts have a very sub- stantial Interest, HONOR DEGREES CONFERRED WHEN NW. Y. U, GRADUATES 212 Henry Emerson Fosdick and W. G. Bissell (Buffalo) Honored at Commencement, The second part of the Highty- Seventh Annual Commencement ex- ercises of thé New York University was held at 8.40 o'clock this after- pe noon, Graduates from the College of Arts and Pure Science, the Behool of Ap- plied Science, College, the School of Pedagogy and the Graduate School to the number of 212 received diplomas. Honorary degrees were conferred upon William Grover Bissell of Buf- falo (Doctor of Public Health), and Hhrry Emerson Fosdick of the Union Theological Seminary, this city (Doc- tor of Divinity). Maurice Francis Egan, former United States Minister to Denmark, addressed the graduates. The New York University Summer Washington Square eR School will open on June 80. Regular academic courses will be given at University Heights and at Washing» ton Square. The Department of Physleai Education will hold sessions on the Raymond Riordan eatate at Lake Chodikee, N. ¥, , lS OFF ON FLIGHT TO ITHACA. Five Cornell Aviators Leave Minesta | earnings on Piet Bep. MINBOLA, June 18,-—The five Gorm netl aviators who were to fly to-day and to-morrow from Roosevelt Field to Ithaca to attend the Cornell sem\- centennial, made @ fine get-away at m Far Rocka- TO-DAY'S PRICES OILS ON THE ovens. Opened firm, Houstoa Oil, 120; Glen Rook Oil 6 1-6-6 Texas Rangers, 5—6 1 Royalty, 9 1-2—1 4-4} Cities Service Bank ghares, 86 1- 9-8; Conden, 10 1-68-40 1-2; Ou, e16— Hydson Oj), H 1-2—8-4; Island 16— Vietoria 66 4 ed 4-2 ‘stom, 116-120; Cosdem 10 1-849 87 1-4—27.1-2; Mid " ba Guit, 65 1-2 int, One Le Py ‘prices firm. Gosden, Sinclair Gulf, $6 to cla Gonzeliaarea, 4 to 64 1 . 1 57; Galt to 588-4; Juternationat Pennok, THE CURR, Opened fi Allied Packers, 64— 1-4; Aetaa, 9 3-4—10; British-Amerigan ‘Tebacco Company, 22-23; registered, a 1-223; Ourtiss, 15—1 Eureka, p Motor, 9+ Savoid das Bi apo jubmarine Boat, 16—3-4; Chem, 6 4 Heyden 6 7-1 nal 8) Continen- 2-3; Magma, + © 1-4—60 1-2; Inter, Cont. Ru up 1-4, leven A. M. prices: Boat, 16 1-3 to 17; Hupp, 91-2 ta 96- N Am. l. & P., 6 to 6 1-4; Nip. 11 1-4 to It 1-2; Wright-Martin, 5 to 6 1- Swift int, 56 to 58; Aniline, 35 to 36 Chalmers, 93-4 to 1 Peerlens, 371-2 to 39 1-2 Cons, Cigar, 71 to 73; Asphalt, 713. to 72; Russ, 61-28, 49 to 54 fat; Aetna, 98-4 to 10 Retail Stores, eis to 801-2; Int. Rubber, 871.2! ber, 23, 113 6 Gontinental, ‘Tire, 16 to 16 1- 56 to 58; Un ed a State Btoam- hi A 2 to 3;. ny 17; 0 beeatied Rupees Hi 28; ja Talon Me a Hota $0 to. 501-5, Mam Pei Int, Rub, 27 Phil, Morrts,, 11°1-2 to 12; Dn. Reta, 80 1-2; Martin Parry, 28 1-2; Allied Packers, 63 8-4 to 4; Colonial Tire W. 1, 16 & r] ‘9 16; Cal. Jer., 5.16 to 7.16; Hecke, 6 to 6 1-4; Swift Int 4 ups Magma a tor 3t: 1 Aniline, 36 to Kets wo 8 1-8; Ag HH 1-2 to Cons. Ci 7 Retali Stores, 80 to 80 inupp.s 9 i 4 to 10 1-8, MONBY. 4 ‘The pre-opening demand for call money on the floor of the Stock Ex. change was exceptionally light com- pared with the request before the ing of the money market on the t previous days. Earl: uota- tions wore 8 per cent for mixed col- lateral and 8 1-8 for all industrial. Shortly afterward 6 per cent was the ruling price, In time money a few loans have been made for the 30-day period on all ait tetustrin} epliateral at 6 per cent is not as large as dur- ioe the past few days, but borrowers bid 6 per cent. for accommod:tions covering all ot collateral. dates on both classes Very little money is Banks gained from the Sub-Treasury yesterday $4,014,000, but lost since Friday $6,586,000, EXCHANGR, ~ , Franes were better with checks at 47; lire cables 8, after reacting to sterling demand assumed a ady tone, Guilder cables were -2; Swiss cables 5.32; ; Stockholm cables 5 a wig ui m4 up ¢ to ae 4 to 41-4; Sapien ‘Decemb 41-45 by SAKES. a tig 13-8; ‘sept December 13-4, to 15 upd i 4 to 168. COTTON, On first call prices were off 6 to 16 points. Improved weather conditions and lack of buying power brought selling into the ring. Liverpool sold in local market and stop orders were caught. Traders and Wall Street sold. ‘The buying was scattered. COFFEE, 20.50 to 20.76; Ps pay ato Wo 55; December, 20.05 to 20,08; March, 20.04 to 20.06; May, 19.95 to 20.00. EARNINGS. Jones Bros. Tea Gales—May $1,423,- 43, increase $257,785; five months 96,257,484, Inerease $939,575. Ri June ‘tvealeon. increase $148,000; from January 1 $67,846,000, inoreape $3,901, 000, Binelair Oil and Refining Company for quarter ended March 31, net coralaae operations, §3,5M,068, lecvenas compared Hendee Mfg. Co.—Regular of 1 3-4 Then? cent. on preferred stock payable ‘ul; 1 Trust Co,—Regular quar- payable jterly cent. July 1. ‘American Burety q ; Amalgamated 7 of per cent payable June Procter & Gamble Company—Regu- ‘per coat, in'new common stock. Weisbacin ‘oinpay agelar ie Fi p he gde POA. red and 2 per cent. anual on common. Philadelphia Company — Regular of 11-3 per cent. on com- phd Republic Railway and Light—Reg- ular quarterly 11-2 per cent. on pre- ferred, payable July 15. E. W. Bliss Co, extra of 6 a share in addition to regular quarterly of 62 1-2 cents a share on common stock and regular quartetly dividend of 2 er cent on preferred, aji payable COLLEGES GIVE DEGREES TO ARMY-NAVY LEADERS Yale Honors Admiral Sims, Amherst Gen. March and Brown Gen, Crowder. Honorary degrees were conferred to-day upon many military and other leaders by several American universi- thes, Yale bestowed the degree of Doctor of Lawe upon Admiral William Sims, Doctor of Divinity upon Bishop Charles Henry Brent, Chaplain Gen- eral of the «American Expeditionary | Forces, and Master of Arts upon) Ofvillo Wright, the airplane inventor,| and others, The granting of 148! Honoris Causa, including seventeen post obitum B. A. and six Ph.D. de- xrecs, to men in the war service wos i uly 1 Eastern Car Co., mebsidiary of Nova feotia Stee! & Coal Co., divi- dend at rete of 6 per cent for year ended Dee, 51, 1918, thus wiping out all arrears of dividends on com. pany’s preferred stock up to first of, presemt, year. New England Tal. & Tol. Co. reg War quarterly of $1.75 a share, pay June #0, i Waterbury Metal Workers Strike, te WATERBURY, Conn., June 18.—ms Joyees of four Waterbury metal sage r nts deft their work to-day, in cord ‘ i ons at B mass mecting 0 of | ‘wortaon. last nicht. ‘They © varie one wage an& other demands. an incident of the day. Admiral Sims in his hs god eaid that this war had Uy war cole fatter cha‘ Tarene sone. | Universit; feomierrea the de we upon Major 5 a Advo- avid F Houston. h, Chief of Stat jnored by Amherst legree of Doctor of j reo of Doctor of Di- vinity waa alko conferred on Lewis hurston | R bu Congrega fajor Gen colve, the ¢ Georae Livingiton Oil IMPORTANT NOTICE of 3% In ord rec on books of the Field, Te: rounded by, within 40 Nees and if the mately what the Cergpa very large increase in yy a Merl should be obtained; possibly 5,000 to 10,000 barrels daily. 35 wells, practically offsets, to be drilled. Another refinery under construction in the Burkburnett Field. For further particulars regarding above Corporation reference is made to the porting Agencies and any bank in Tulsa, Okla. Descriptive Circular'and Maps on Request. C.D. Knarr dz.aCo. Lstablished 1900 Bronzer Sincer Bune TEL, CORTLAND T—2543-4-5, 8273-4-5, The statements herein, while not gu what w Books close June 25th for July dividend to all stockholde: to jo. particigate in this disbursement an tock sm afer Agent, befare June 25th, 1 lopmen 18 wells drilling; 9 of these wells are drillin remarkable Northwest Extension of the Burkburnett nd are practicall ‘gushers.”” They consider to be reliable and authoritative sources, Traded in on the New York Curb Over 20,000 Acres, Texas and Oklahoma. Gasoline Absorption Refinery. Large Production and Earnings. Dividends 3 per cent. Quarterly, ‘TO STOCKHOLDERS of tec in the in the offsets to, and sur- ould, all be finished results are only approxi- is justified in expecting, a leading Commercial. Re- oe New Yorx varanteed, have been obtained from LARGE. PROFITS: SAFETY agai Write, PITTSBURGH TIN PLATE §54 Union Ateuien pam New York Offices, 170 Broadway, Cut out cu aud mail thie toda: nearest offic ve {Or Te with bonue 6 *Sommou Btock Till with full eperticulars: ares of tena’ Gescription of tin ‘Com. now Stuck wold 100% piegmlum, telegraph or phi & STEEL CORPORATION Pui Wt eet Btoel Corp. To Preferred Btock plate and eeel SUBMARINE BOAT - cent months have been of a c! present status which will be who are interested. Broad St., New York al NORTH AM. PULP & PAPER’ Operations of these two divergent companies durin; Hy attention of the average investor. We have prepared a perfectly unbiased review of their be presentec to market investors No obligation entailed in sending your request. L. L. WINKELMAN & CO. STOCK BROKERS, haracter to escape the analy Telephone Broad 6470 investment comment. or telephone. mise prospects of excellent 50 Broad Stes TEX-YORK PRODUCING BOUGHT—SOLD—QUOTED The phenomenal strength of this issue on the Curb, in the face of breaks elsewhere, is exciting favorable If you desire to know the reason write for information ‘There are inherent factors in TEX-YORK‘ which pro- Cc. W. GALVIN & CO, Inc. and speedy profits. Key tore Why the Silver; ‘Are the Big of the D. N A SURVEY OF ‘THE MAR. kets, one ja impressed solid technical position in the silver stock Although the “price at iver issues have not to discount marketwise tho for ine ak that is now ie produ h Hae gReatucers of Pho , OTHER Gi Of securities hi beer ers in the ‘historical Wi boom of resent weoks Tie 48 a whol scored d boo lay occupy much | the gaia as the C wren many” peopie bet aid hat the So tor bo market history, HILE pers did in the now a mest ia: THAT es, | repre- gent outstanding investments i and speculations, which are worthy of] the immediate and thoughtful con- sideration of forwar tan ins Nestors and Silvers are others pay han showing an unusually hij ment yield. high aveat: ILVER sTdCKS, the « MY = STATISTIC. DEPART- ment has prepared a special ane- lytical review of the ailv S try and the leading He atooks, aud makes a suggestion for i $1,000 silver group invest vou have your eyes om the Bi Hew, eit want £0 read the letter. lend for your copy to-day, My office is headquarters for in. formation on all actlye silver stocks, Prompt and cour- teous attention given all Inquiries. BWI St New Detroit Rochester Buffalo 42 Toronto Cobalt Porcupine Direct Private Wires to Canada and Ali Offices, through dull times and Bood: when war conditions prevailed or the markets “boom have published, regularl, x, Market Lett thoroughly and. compre- ively leading and active fe ae Industrials, Mining and Curb Secu Curb Securities ‘one interested in the mar et, either as an investor or tor, should fail to ae Mame on our mi to receive a copy of this full of-value publication. will prove the un merit and reliab'lity of the STONEHAM WEEKLY MARKFT LETTER. Copy V-30 on request, Charles. Stoneham& Co, 41 Broad Street, New York BRANCHES! Detro!t—-M ilwaukee—Bosten ford-—Philadel phi ished 1903, RYAN PETROLEUM —Did you notice the strength of this issue dur- ing the irregular market WHAT WAS whi capitalizatio: and other fundamen tal investment te Send for a number of date,’ copy of the current “T arket Awnal- containing a compronatel ve ue. Yo obliga- for 106, No, 38. SCHMIDT & DEERY Members Consolidated Stock Excrange of N. Y, Bi 319 F Filth A Ave. Tel, Broad 1770 TDi, Mur'y Hil wae Phila, Oftiee, 693 Widener Bide. _ MPORTANT TO ADVERTISERS Swday Classified Advertis- ing fopy should be in the World Offte by Friday Evening. funday Supplement, Section Oyplay Advertising Copy should in the World Office by "hursday, at 1 P. M, Sunday Main Sheet Display Copy should be in the World Office by Friday Evening, owing to nefessasie Sianae’ ee "Sahay omiteae? EARLY COPY NECESSARY