The evening world. Newspaper, June 21, 1919, Page 8

‘Wall Street is imbued with the Wes that 230 Peace Treaty will de ) gigned next week, in spite of the fact “that Germans are complaining that will be unable to form a new inet to authorize the signing of treaty unless It is stipulated that nany will be permitted to become tis i & i i | oe i °% | 4 3 | me 33 Ps if u = Ea. 3 hy He Es mY Dees Mon, 10 to 7: Gxt. 10 t 19. KING AND FINAN hol of United States of | REVIEW OF THE WEEK {oon Stock prices, under the stimulus of easier money conditions, immensely better business reports and more definite prospects that Germany will readily sign the peace treaty, have moved steadily forward this week, with @ comparatively large number Of issues making high marks for all time From nearly every line of industry come statements that the trend of trade is decidedly upward, and that the outlook is viewed most optimis- tleally. Fed by such reports the market's speculative activity has not appre- ciably diminished, and the previous record of million share days made in 1901 has been exceeded. In that year there were 44 days in succession in which the Stock Exchange turnover amounted to a million shares or more. In the present market there have been 56 million share days and there is no indication that the string will soon be broken. Buying continues to come into the market from ali sections of the coun- try. It is distinctly a public market. It would seem that tens of thousands of people who were unacquainted with the ways of Wall Street prior to the war, received their first in- formal introduction to the market by the purchase of the various Liberty bond tasues, and ard now getting on terms of intimacy by making specu- lative trades. Commission houses are deluged with business. The supply of compe- tent and trained help has become ex- hausted, and brokers’ clerks have re- come exhausted physically by work- ing from sixteen to eighteen hours @ day in an endeavor to catch up with their accounts. Because of this, there is a stromrer likelihood that the Governors of the Exchange will de- cide not to open for business on Saturdays during July and August. It is probable that the matter will be | voted upon at a board meeting to be mans signing the peace treaty are realised market activity is altogether Ukely to expand, for all trade author- ities agree that the definite conclu- ston of the war will have a highly stimulating effect on business. ‘There are at least a score or more of the large corporations that have received big orders for materials of WAITER SAYS HER MOTHER HAS NO SENSE OF ROMANCE Tells Brooklyn Judge He Waited Three Years for Fiancee but Didn't Get Her. Joseph R. Raagas, a Filipino, of No. 119 Sand Street, Brooklyn, is a waiter on the Fall River Line. He has waited ‘three years to marry pretty Anna D. Becker, nineteen, who lives with her mother at No, 182 High Street. He was in the Adams Street Court to-day and) told his story to Magistrate Folwell. According to his story, Raagas has! often given Mrs. Becker money, He) says he helped to pay for a piano dur- ing the course of the romance with the daughter, After three years courting, Raagas decided to get the benefit of says he gave his fiancee ‘buy some furni- he called at the the mother, B 2,000 ball on TO HONOR ARCANIUM DEAD. Harold C. Knoeppel, Grand Regent of {the Grand Council of the Royal Ar- canum of the State of New York, will “|attend the memorial service for the ¥ He. will be Royal Arcanum of Queens Borough to be held to sorrow evening in St. George's Episeopal Church in Flushing. by hie staff accompanied from the 119 councils of Greater New York. “The service wil! be held for the mem- Ibers of the order who made the. su. wacrifice during the war, aiid for Those. who. died duri Charles A. Brown, rector of All Saints’ Chureh, Bayside, will Preach the sermon. Livingston Oil Corp. Traded In on the New York Curb announces first gusher over 2,000 barrels, block 87 Wag- goner tract, northwest exten- sion Burkburnett Field, Texas. C.D.Kuarr J2.aCo. ieernted 00 THE EVENING WORLD, SATURDAY, JUNE 21, [mrs | various kinds from abroad, but it has been next to impossible for agin concerns to arrange satisfactory ita, so shipments have been Sas ep. uD Once the treaty is: signed this dim- culty can be quickly ironed out. Bankers will then stand ready to ad- vance necessary funds to foreign governments and business to be used for the purchase of Amer- ican goods. The week's reports trom trade have been highly ¢: Incoming business is in larger than at any previous time A sbort time back it was to reduce operations of mille to fifty per Orders are now aon mill operations have wo aa and eevent th otal is ti © me noreasing Stocks of copper which at amounted to no less than 1,400,000,000 Ben ois bens cao Feeeee surplus of copper metal is about half a million 4nd producers are now so optimistic as to believe that the —- ban S reduced to that figure by t) the new year. Meanwhile Srioes ‘ame edvancing, and 17 5-8 cents per pound is asked of consumers who want im- mediate delivery, For August eves 16 cents in now asked, an advance o! 2 1-2 cents pound tee Onl resent low price. This condition has had de- flection in the price of copper shares, and this week they have given an ex- cellent demonstration of underlying strength, Reports of trade journals this week on business conditions should prove interesting reading to investors and trade! Dun's Review states: “Com- mercial advices are such as to leave no doubt as to their meaning, and questions of the genuineness of the business revival steadily diminish as bent te evidences of progress mul- Uply.” Bradatreet’s says: “Activit; mand, strength of prices Hs oom: igm as to the outlook stand out more clearly than at a other time since the signing of the armistice.” Fears as to the money market, due in large part to the deficit in re- serves reported by Clearing House banks in their statement last Satu: day have practically niess all indications fall to-da; statement will show considerable im- provement both as to loans and re- serves. Call money after momentarily touching 16 per cent. the hij mark in six years, ts now what might be termed normal. No further exciting flurry need be ex- pected the Comune ‘week, when cor- porat! begin to prepare for half: year interest and dividend payments, | 5 7 unless reckless market manipulators ive another exhibition of fireworks in the specialties. In that event call money rates may and probably will again be marked up. FRAME PROTEST AGAINST RENT BOOSTING BY CITY Produce Merchants to Call on Mar. ket Commissioner Day Regarding Washington Market Raise. A committee representing thirty-five commission merchants will on Monday Present @ protest to Commissioner of Markets Jonathan P. Day against the city becoming what they term “a rent Profiteer.” The committee will point out that privately owned property in the vicinitY of West Washington Market, where the city has boosted rents highest, 1s rented to commission mer- chants for a maximum of $1.27 square foot, while the city now proposes to| ¥. exact « minimum of $2.08 and a maxi- mum of $2.60, Several produce dealers who have been tenants of West Washington Market ever since it wag built, thirty- two years ago, say if the city’s proposed rent increases are enforced they will have to seek new quarters or co out of business. George F. Hinrichs saye that tenants have put in ice boxes and other fixtures at a cost of more than $500,000, all of which will come into the posses- sion of the city if ti nants quit. , NOTES. Schmidt & Deery in the current issue of thelr weekly publication state: “It has been the history of the market that Just as buying enthusiasm can carry stocks upward beyond the levels justi- fled by immediate prospects, so bearish influences usually drive stocks down declinos further than the eohiet Tacts justify, We see no reason for believing that this will not_hold true in the press ent Instances, ph causes which in- duced the “bul!’ of a tow weeks agot are still with ua. etait business indications "pol ont ia De point “4, periéd of prosperity inthis ‘fe feild. conditions steadily improviie ‘and 1 enouid mente be lost sl at the crops of 19 promise to be the greatest in the his- tory of the country. Cc, Hanch, Treasurer of Studebaker Corporation, has bee: cit orey Gen- Mana Motor Com- wit y il signal Pelton, who has been poy’ nt to Walter B. Flanders, former ident of Maxwell, is an- noed. The Coffee Exchange me! dames, Photo has been void. to fahin for $6,050, an increaso of $350 over previous sale, —— Pershing Goes to London Monday. PARIS, June 21.—Gen, Pershing will 0 to London on Monday and from there will proceed to Oxford where on Tuesday he is to receive from Ox- ford University the de of Civil Law, Gen, turn to France on Wednesd Police Band tm Central Park. morrow evening’s concert ill be given by the Iter i wifock cond kM. Aareem 1919, Total sales of oes, 800,100 shares. CLOSING QUOTATIONS. Am, Best Gomer. * BFee es ced if sygiige Steer FFE F GH ddd Sesreysssbsgugeed iyi 2 Interboro eee FF i i . i ee FESS ER FTE dd} Ltt FLLe lee FF lLtte Felt Fete Fe eeee £4 +] in * 1% * in 1 % % % i ry OILS ON THE CURB. Opened firm. Amalgamated Roy- alty, 1 1-8-1 8-8; Cosden, 10 3-4—11; Barnett Oil, 3-16—1-4; Merritt Oil, bad Tiny 3-4; Pitts, Texas Oil, 12 1. ; Cities Servic Shares, 16 1-8— 118—126; Ped yi ‘ataclair Gulf, 59-59 ‘west "Rotining, 118-181; Glenrock il, 6 1-2-6 3-4, 11 A. M.: Salt Creek, 61 5-8—¢2; Merritt 28 1-4—1-2; Com. Pet, 58 3-4 —69 1 Int. Pet. 30—31; Sin. Guilt, aa, so 59 1- 2—40; Tex Close strong. ir Gut, 58 T-i Houston Oil, 120, ee 2; ‘Merritt, 281-2 1-4; Midwest, 181, up 8. THE COURS, Opened firm. Aetna, 9 3-4 to 10; Colonial Tire, 18 1-2; Brit. American ‘Tobacco Cpn., 22 1-2 to 23 1-2; Regstd. 22 to 23; Allied Packers, 82 1-2 to Curtiss, 15 to 8 to 7. Hupp. Motor, a to 38; Phillip Morris, 11 Submarine Boat, 16 1-2 to 17 1 DAE pov and 5 to 6 1-2; Heyden to 7 1-4; Contl. Candy, ry rk to i TA: South Amn. Gold Pl: tinum, 13 7-8 to 14; Inter, Cont. Rub- ber, 26 1-2; Retail, 83, up 1-2. 11 A. M.—Sub. Boat, 16 1-2 to 17 1-2; Retail Stores, 82 3-4 to 83; Col. Tire, 18 1-4 to 3-4; Allied Packers, 66 3-4 to 67; Int. Rubber, 24 1-2. fg vg strong. United Retail Stores 83 1-2, up 1; Hupp, 12 up 1-2; Berict Inter., 61, up Inter. Cont. Rubber, 23, off 8.1 Russian Gov- ernment 6 1-28, 66, flat, up 2 1-2. BANK STATEMENT, Average loans decrease, $104,- 721,000; demand dep., decrease, $36, 351,000; time dep, increase, $6,299,0 res, increase, $13,891,740 acti loans decrease $205,606,000; demand dep. decrease, $128496,000; time dep. increase, $6,649,000; res, increase, $31,064,580, GRAIN. Opening at Chicago. July corn 1811-2, up 1-4; September 1743-4 to 175, up 1-3 to 3-4; November 1505-8 to 1511-4, unchanged to up 5- oats 707-8, up 1-4; Sap B i.bs kos 31 Market closed strong; closing bid and asked prices: June, 23.15; July, 23.15; August, 22.10; September, 28.06; October, 22.86; November, cember, 22.50; January, ruary, 22.89; March, 22.83; April, 22.28 May, 23.23, PRARNINGS, Brunswick-Balke - Collender — Year 1918, surplus after charges, $1,162,562, equal after preferred dividends to 13 a share on $6, ,00C common tstanding, against surplus of Or $14.54 @ share in 1917, ann Department Stores— Year 1918, net profit ind all charges and Federal tax, $781,213, sgainst ards of Ann Arbor, 1914 with the organization's work had France and in Belgium, returned ie country for * | Daredevil $400,000 tor 7 for Four Big Houses—Construction Condi- tions Approaching Normal. Mintonaire’s Row is leading the new campaign of flat builders. It has #4,- | 400,000 for immediate work. Although the ulwent demand is for structures to housé the masses at moderate rentals, there seems to be no lack of capital for great buildings to house those who can pay from $5,000 to $25,000 @ year. Plans for four operations of this type on Fifth Ave- | rue were filed in the last week. Each house will be twelve stories high. All are designed in the most luxurious style. Two to cover 200x100 feet, will de built at a cost of $1,300,000, on tho | northeast corner of 97th Street for the estate of Gen. Licyd Bryce, Another to cost’ $1,600,000 will arise, on the 125x125 northeast corner at Tid Gtreet. A $1,500,000 house is pro- jected for a corner at 66th Street, In the west end, two thirteen-story | houses were projected, one on the northeast corner of West End Avenue and 1034 Streat by Jostpn Paterno, 100x98; another by Henry Mayer to | cover the sites of six dwellings on the northeast corner of 74th Btrvet. Plots for houses of less importance were bought in many localities, notable be- ing the sale of sixteen old dwellings on 48th. and 49th Streets, between Second and Third Avenues, to a syn- dicate which Will build six-story model flats for 300 families. In the Bronx, plans were ready for starting work on the Garden ents to cover a block and house 250 families. More than $500,000 smaller undertakings were put on record the: And in| Brooklyn and Queens fiat builders | rushed forward with a great volume | of plans to meet the, home rcarcity. | Rtter @ careful investigation of the | building situation, the Advisory Coun- | oil of Real Estate Interests, in which | President Alfred E. Marling of the | Chamber of Commerce; President John | J. Pulleyn of the Emigrant Industrial Savings Bank; Alfred Milbank, Jesse Straus and other representatives of [large interests are prominent, an- nounced to-day that conditions were approaching rapidly to normal. “It is quite probable that the pres- ent renta) level is sufficient tg en- courage new construction,” said the council, “The normal production of | housings has been interrupted for a! great period, and large numbers of people are now able to afford better housing, thus promising adequate re- turns on the ruling costs of material and labor., The Lockwood Legislative Committee reports $35,000,000 av: able for mortgage inyestments—on! enough to furnish hoffsings for about 15,000 families, or @,000 persons, yet it is more money than could be used in this matter defore fall. “Whether savings banks will desire | to undertake the responsibilities of building loans under the new jeg ive acts remains to be seen. Few if any of them are equipped to wandle this class of business with proper protection to the interests of their depositors, and a comparatively small amount of their funds will get to builders just now, probably. In fact, any real benefit from this source | is open to question when we recall | that it is the savings banks that must | absorb these millions of mortgage in- | vestments. “But we look in vain to any of these laws, either actual or provosed, for clear intent to attract capital into the housing field. Politicians respon- sible for these acts seem to have no other object in view than to placate the present demands of one class of voters. After all these weeks and | months of agitatfon, how much di: cussion has occurred regarding co! ditions under which building could br resumed and whereby capital would be attracted in competition with other sources of investment now open? “Speculative or professional build- ers still seek to operate along their old lines—that is, by investing little or no capital of their own in their! projects. Lending institutions, on the other hand, have seen the error of thelr ways in encouraging his type of builder and they are seeking now to protect the interests of their de- positors and others whom they may represent. Has anything been done to overcome this situation? “From the investment standpoint, it is useless to overlook the compar- ative return from other securities in competition with real estate gages. No general relief for housing #) is possible or should be expected until money is attracted to the real estate and mortgage markets as a sound business prpostion. The housing need: of the community cannot be met por- manent; philanthropy. It is plain that capitalists must get the present value of their money, or else the pub- lic must wait until the course of events shall restore natural condi- tions.” WILL ECLIPSE ALL OTHERS Stunts, Racing, Battles and Music by Stars on Programme, ‘The super-circus of ihe police at Sheepshead Bay the week of July 19% 26 promises to outdo anything yet of- fered in the way of daredevil, hatreurl- ing and fever producing stunts for the swelling of the Police Relief Fund. Last year’s performance was one to | i tt lms | ne baCUIe PER ‘River. A SATISFYING EXCURSION Newburgh and Beacon Poughkeepsie $1-5° pend Jeo BENi.B B. ‘Opeut|) = BE E ee Misa hi pevtotany hep aa Leave Franklin St., rain or shine, 9 A. M., W. 129th St., 9.30. Central Hudson Line Vacation Trips by Coastwise Steamers No better way to put mind and body in perfect health. Exhilarating days and balmy nights. A restful and invig- orating voyage. Fares include meals and stateroom berth. Excellent rail connections to and from all Southern points. OLD DOMINION S. S. LINE, for Old Point Comfort, Norfolk, Newport News, Richmond, Va., and all points South. Leaving daily except Sun- day from Pier 25, N. R., New York OCEAN 8. S, LINE, Mondays and Thursdays at 3 P. M. from Pier 35 N. R., New York, for Savannah, Ga. and other Southern points. SOUTHERN PACIFIC S. S. LINE, Wed. and Sat. 12 noon from Pier 48, N.'R., New York, for New Orleans, La., Gulf Points and Pacific Coast. For passenger information and reservations apply to companies’ offices or Consolidated Ticket Offices, 64 Broadway; 57 Chambers St.; 31 West 32d St.; 114 West 42d St. Phone (all offices) 6700 Bryant. Or write J, J. BROWN, G. P. A., Coustwise Steamship Lines, Pier 49, N. R., N. ¥. UNITED STATES RAILROAD ADMINISTRATION Director General of Railroads Afternoon Tri Ee RUS Saturda “HIGHLANDER” AND “GRAND REPUBLIC” SUNDAYS. s7%: bboy Battery Pier 9 A. M. and West 132d St. 0.20 A, M. WEEKDAYS, Str. “‘GrandRepublic’’W.'s3ir'st.'s, ELEM. Bs 132d Bt, 980 A.M FARE ROUND TRIP Yok tere, AdUlts, 566. Chit 300. Fundave and Holl- MUSIC. REFRESHMENTS, fear Stountatn’ Line, Tel wowllne Uren TORS” "SPEND SUNDAY SAILING TO NEWBURGH AND RETURN, 81 Great White Flyer “Rensselaer” ae eee AERTDTRINE Of the seme steam justo-—Restaurant, We" Weat 1320 Bee 10 A ae, DSON NAVIGATION COMPANY NIGHT BOATS TO ALBANY AND TROY. ;METROPOLITAN | LINE VIA CAPE COD ht Through the Canal Both Wer Yor 18. Foot of Murray Bt Two hour Wil leave Pi HU .40, included) at 6. Tickets and Information RING Tg Leave matey gauge 10,96, ST Broad sas, 0 Ocean, 1.80 P.M. FOR SALE. fee tr ,Gele Waltham Water, $1 wath Hudson River by serie ‘omnections to all Al arough call Uekate IDEAL TRIP Saturday Afternoon See the West Point Dress Parade “Comfortable Str, HOMER Fy EL eettat Biat Rethink cam | Nensurent, ‘the palatial 1 ay ‘overt leaves West Point T P. Poughkcepaie, bi steamers offer an deal afternoon, on the ‘connect return steamer to New York same day. CENTRAL HUDSON LINE OUT ON THE SOUND i Sunday Excursions | Good Satie netrertoes nts, To B Cit: Lowell To Bridgeport | pier 14, Ni, Fulton St., 10.15 A. Me Trip ate tnt War Tux) @ido iteamer Richard Pec To New Haven Trip Fare(incl. gs, Tax)at, Canea Stat din), fig New England Steamship Lines Tipe ioe" SUNDAY, June 22 ¥. Pe mnitting ToAtlantic Highlands, Fare 4 Ader Rach Ly. Battery 9.21 eM, Music, Dancing SANBAUAY rite DAILY TBIPS Bepin WEDNESDAY JUNE 25 EXCURSIONS. C.R.R.ofN. J. EXCURSIONS SUNDAYS JUNE 22 and 29, 1919 ‘LAKE HOPATCONG $1.50 (War Tax, 120 additio Lepve West ey St. 6.20, Libe jackson’ AV. sim Broad Bt., Newark, 8. Tet ATLANTIC ( CITY $2. 50 A ei be ‘Ste, Newaries + 5.00 aan C.R.R. of N. J. EXCURSION Sunday, June 22. MAUCH CHUNK, $2.00 (War Tax, 16c, Additional) W234 St, 8.20, Liberty St, 8.30 A, ML Jnckson Aven Jersey City, 8.48 A. M. Broad St. Newark, 8.45 A. M, POLIGEMEN'S SUPER-CIRCUS | DANCING ACADEM! DANCING ACADEMIES, THE DANCING CARNIVAL| Formerly at the Grand Central Palace. NOW AT ST. NICHOLAS RINKS St3N54" LADIE Since nearly 50 of our men instructors have returned from the war and are now with us teaching dancing, we are prepared to take care of the ladies during the AFTERNOONS. Come, and to the music of our Marimba Band enjoy an after- noon of pleasure and at the same time learn the latest steps. 3 Lessons Individual 25c Instructors Not necessary to take lessons. Lady Floor Manager will introduce you to suitable partner for dancing. Open Daily and Sundays, 2 P, M. to Midnight. Roller Skating on ground floor. Dancing on second floor. CORNELIUS FELLOWES, Manager. make the world st up and take no- tice, but the programme for next month, with its fyi urcuses, auto- mobile racing, sham battles, cavalry drills, all kinds of athletic events, to say nothing of operatic coacert num- bers by the greatest of stars, the Po- lice Band and the Police Give om will make the moet wonder! ROLLER SKATING St. Nicholas Rink, 66th St., near, Broadway. comets doce, Pra “A Picnic for a Nickel.” Dyckman Street Ferry, to Interstate Park. 2,000 Free Bath Houses BEST Route for Autos to N, J, Refreshment Pavilions, —_—_—_—_—_—_—r AUCTION SALES. For ‘Long Island City, N.Y, , ad continuing until ‘all the material and sccumulation until date of disposed of: 10,000 lickers and 1,000 Ponchos, $00 Tents, 35 Kitehens and Dini 42,000 Carrier Packs, Hageous Chairs, Fi Artery Clamps, Opts,” 10°00" iba Physician) | munition Cases, | Cotton "Tags, “condemned aad SUMMER RESIDENCES TO LET. BOG SUE Cat ee Ta Boye’ suaen " Dae CaN Oe an e, TAIN, direcuy 0 the Hudson athletic trail ton Senrtern, 10° Wall te FOR SALE.