The evening world. Newspaper, July 1, 1919, Page 14

si PERS TELS OF HARD BATTLES ‘FUR FOR CAUSE OF LABOR that because the United States § ate considers treaties recommendation the Workers and deprivin their rights could pass the ba 1) nd wo know nothing about it. That is not actually, physically possible. ean obly consider redom- | week for seatence. tions! =The testimony of Walters’ xweet- heart, May Barry, No, 831 Hast sist! Btreet, is believed to have been the! When testimony y boy's cont sion to her, he said to his counsel: “The jig 18 up—no use making & With a pencil 1 drafted sgn cone dopted by th I ba a e annua ie Yee Labo 4 Hs eat i$ wv a Washington In Getober under. my [deciding factor: th the cus These recommendations she had finished hi cannot be kept secret, There will be at least one representative of labor from each nation in the International Is he bound to permit | defons: shat form the naraft Wonvention ved in a day or two eR erie a much more elated man than the two months under n of fighting was continu- on, and reached London considers proposals affecting the cause of labor? Unthinkable! ‘Me. Furuseth is the staunche: ablest advocate of the right: jam a a all 3 et ws oy i i} ise has at nly in seamen of nearly maritime powers. The labor visions in the League of Na’ iM, bo eer) nail the ke interests, of American alone that this draft convention up I declared time and again at the meetings of the In- ternational Comimission on Labor |Mr. Swann to-gay. jon that #o far as we in the! Mr. Swann s8nt the papers by regis- United States were concerned wo could and would take care of our- selves, and I would prefer, with the protocol ag workingmen oe in the ‘name ive, grou ine “Presi- the Amertoan ‘ederation h the courteny Gompers said he Of the lett tb: feo inte | Preslaent Wilson.” For ‘reason the Ws tia Me, Compete re. mentioning the name of Mr, Furuseth, who iy congratulated Mr. Go < Peri ra protoco! hich eh ~¥ % SO ee cen ee cee ne ets ee many other changes were adopted, t by the activities of the American Federation of Labor, rather than by | at the McAlpin Hotel, that draft convention. ——y + this draft convention for Inbor, not that ft win bring very much of light | Regd) 10 LEAVE FOR U. $. into the lives of American workers, but I do believe that its operation will have the effect of bringing light if) into tho fives of the workers in the ward countries, But 1 see in ie LONDON, March 26, 1919, ‘Woodrow ot the United States, poe rake and ov be, doing my duty to you if I to send you this letter, reptesentatives from States to the Conven' tional bor WILL JUSTIFY THEMSELVES. “What concerned me mort was that there should not be in the draft con- vention anything by which the stand- |row morning. of “Unless there is an unexpected change said Commander Scott ‘we will start the ReSt) ards of Ameri could be re- duced, I firmly believe that the labor ions of the League of Nations My adopted will have | this afternoon, stated. Mi the Eng- at @ meet- was voted ‘down, ve from Great Britain nd that they yn. I wonder how | ei! seaman shall not be pun- led, risonment for leav- ndered to Ris vessel.” Uy the. others voted tain. If this had hoes -. seaman who. might return to you ys ovary after having de- vessel tremendous srueeis | the was adopted as a to be read in connection with rticle 19 of the Constitution Conference on International copt by agreement? How can it be done except pias men repre- : vet boe ® af- Hee ee a ne A in real it what you will, as a result of the be some things rence of any Fecommendation or draft conven- to diminish the protection by its existing legi the Yt cape, concerned.” which war may one ma STRONG PLEA FOR THE LEAGUE i faa im Ip OF NATIONS, rat, ati Hy “The American Federation of Labor eat favors the reduction of armament How can that be accomplished ex- cept by agreement? If this treaty the League of Nations is defeated, what have we to stand a8 a barrier against increased armaments Defeat this co’ eee patties to some Baton fcr leaders. They were ae my deliberat that the failure to write these two ‘itions into the Labor Chey. will arouse, not only the wor! ple of Amerie: 1s people of we this Constitution ai a inst the League of Nations. not charge that this was the tention, but considerin, ion from labor loaders here, ‘ould look somewhat like that, Peference to the proviso or with whom T we spoken caught the word ‘ex- and then sald: “ ant and and compete large armies, great munition navies and turn thi ove int back? shaw we he in tl ore international disputes only be checked by ¢! ment of war? | think "In spite of politicians who simply aim to contol the administration of the affairs of our Kepublic, despite men who may have selfish interests, men who consider votes au the domt- nating factor for their conduct, not going to play into thelr hands by consenting to support a policy that would leave the world expgsed to the horrors of war at-any time any na- tself strong cnough T do not know if it be possibi you to write these two di sate the Labor it I did not you with this information, shall expect no answer | Fespectfully and faithfully yor ANDREW FURUSETH, “PREDICTED DOWNFALL OF THE to draw the sword, LABOR FEDERATION. , bandon her belief that her tsolation makes it un- b that in other labor crisce Mr. F to have agreoments th had displayed euch as tha by his attitude, : It 1s because Ameri Most important them was his disagreement oe dee section reas hed by the or- Sm yr A eee ago mon left the soll of America and within sixteen hours landed in Bu- op tn aero- planoe from America to Europe can Burope to America, We few days al Washington jon the ‘American Labor would assume in the event oe now de by unantinous vote,” said Mr, ir. Furuseth said to ino, ds the death knell of the Federation of Labor, and forty Years of work for labor have destroyed to-da: ‘WAS & note of y other peoples, t is eawential for us to see all other countries, and to bring @ the time by agrecment when w live in peace “I am not @ blind follower of fi proud of that declaration ‘of "t care who he is, 8 any other weniment ever ‘ory of our move- Federation of ie not ‘dead and TE am not yet lence and # heart that seoke to the Teague of Nations . because Mr. Furuseth is the American LY ad Witton on a it, together with officers of the n Feduration of Labor, on the rein apposition. As Signs | After May Barry Testified— He Killed Grocer. by @ ury in the ¢ sions, Judge Ro: ky presiding. Walters last toh killed GOVINO ACTS TO RNG in the weath: about ¢ may Wedesday morning, paace ditliratdin maelves to LATONIA ENTRIES. ad ‘shocked’ at the labor pro- visions. Mr. ned wae x oes stat mee ing of the International Commission : that he had had-conferences with @ | “vie na committee of the Parliamentary Com- i of the British Trades Union Congress, and a committee of the British Labor Part: approved the covena: far that ‘shock’ prev “T can ‘scaretly remember any con i vention of our federation or any | ok. hem; on hia meeting of labor men of whatever rene, Te shade of opinion that has met with- out condemning war, without com- monding international peace, and I can be obtained Shall somebody in the United States act as a achoolmaster to the peoples and the Governments of the various countries and say them: don’t you fight; don’t you Py L—The entries for toamorrow's races ¥ 112: Move | :letaes (im). Cost, ih, 118! votter mat mgt te “HO: ‘sncnen ‘Poste me ia ae ion U clalniter Ko ie fia nerigi OF LABOR. international war, He an attempt to help the workers, masses of the backward countrle highe: da better life, onp: of our country to-day | throw open further opportunities fa repetition of the world war, 'BOY CONVICTED OF MURDER | \ON SWEETHEARTS EVIDENCE “Jig Is Up” Said. Wiliam Walters ‘William Waiters, nineteen, of No. in executive! 417 Kast 66th Street, was convicted a | of murder in the firat degree to-day urt of General Sess was remanded to the Tombs for a) Or, fo, 312 Kast 70th iy to eet enough to @ dan fee ‘whtll bene weeks tried to enginee or § jive Saws wer ST utes Hanley circumvented the plot, THERE FT Gov. Alfred KE. Sprout has demanded {he 6 per cent. rate being named, that Gov. Sprout of Pennsylvania sur- | Which js the legal maximum, must render Harry K, Thaw‘ for arial here be considered as nominal. “It was not for the promotion of the on a charge of assault. The demand is Mt made in extradition papers prepared; the bull speculator was the fact that here by Distelet Attorney Swann, which | 4Uring the recent sharp flurry in the Governor signed and returned to) TO-MORROW, SAYS REPORT LONDON, July 1—The Edinburgh PREDICTS LABOR PROVIGIONS |v .spondent’ of the Daily News re- ported to-dey that it is officially an- pounced the British dirigible R-24 will; he recent general upswing to an im- leave for America at 2.0'clock to-mor- Ere Lor: | FIFTH RACE—Pare, $1,500; fourzearchée ant U9: one mile ands slsterntin, (raion, 10) al Dar, 104; Gtorennon, 1} Taster , 100; ° Ruts Riley, oa enice\eblowashe slated ; woather cleat rack faBl, ——E not win, I mention this lest anf one might imagine that because !t haa future | been my privilege to co-operate and lend support t some of the policies nation will be required to arm| advocated by President Wilson, with each other | would follow aim anywhere. WILSON THE SINCERE FRIEND “It has been my privilege to co- cperate with President Wilson on the labor provisions in the League of Na- tions covenant, I know that in his mind and heart he has been the sin cere friend of labor, I believe that in this covenant lies the emancipation from oppression of all the working peoples of the world, I believe that its rejection would be a greater disas- ter to the world than any other in 1 aM | recorded history. “Never in the history of the world have the nations been confronted with so serious and Important a prob- world tlempt the} ple in the most} *. here is a meas- ure which cannot, by any stretch of of, freedom, for more justice, and Pt ea gla ° to be the harbingers of the better di {to them, they are to near ea at for which the poets have sung asibie ‘relation ‘atv the philosophers dreamed, and between the peopice aad which the workers have made the governments of our country and| Sacfifices and achieved. That is the) be shown by the annual report to vo tunity presented to the people! in the close nelguborhood of 065 pee “Ask the workers in the mines, the factories, the workshops anywhere | whether they want peace and good) tinction of having its common stock fol! at 110 and being a conspicuous Asi, market leader in the bull movement, aithough it is in the non-dividend | paying class, Buying of tho stock | has been aggressive because knowl- edge js spreading that carningy are breaking all records. A prominent A p0- sition to know the facts of the situa. liquidating value of the stock eausle iquidating value of the # equals per share, will on earth or whether they would them whether they would help in im- | proving the ditions of the worke: of other countries when they are a. sured that their own interests in our own country cannot be impaired, and bility to Aht on for the ay cannot it of American WALL STREET} News and Gossip of To-Day’s ie Market—Present and Fu- ture Prices. — scored substantial gains. When the session opened it wa the genoral belief that the flurry in money was over; that inasmuch as full provision had been made for) taking care of midyear interest and dividend requirements, rates on call loans would ease off. The assumption was soon proved | to be incorrect, for lenders of money on demard obtained § per cent. on mixed collateral and 9 per cent. on , industrial collateral, There is prac- | tically no ‘time money avaliable, and What worked to the advantage of money professional traders put ot a [large line of short stocks. This, of course, furnished an excellent founda- tered mail to Gov. Sproul at Harris-|tion for a further rise. And when burg. Hp wrote @ request for immedi- ate action and outlined the case which the State's witness was Freder- Take my chances in labor legislation [ick Gump’ Jr., a Western boy. whom the State alleges was abused by Thaw | shorts attempted to buy in their con- tracts they found that the supply of stocks coming on the market was ex- | tremely Imited, Steel, motor, tobacco and food | shares led the upward movement and gains ranging between two and four points were general Coppers gave an excelient demon- stration of strength. Sentiment re- | garding these issues has undergone | distinct improvement. In the first place they have not participated in ;Dortant extent, Most good market judges believe that they are in a posi- tion to give excellent response to the improvement now taking place ie the motal situation, Lack of buying of these shares may be erties are turned back to sharehold- era on Jan. 1. United Cigar Stores common will be A™ given the option of exchanging their | stook for stock in the recently organ- ized United Retail Stores on the basis of one share of the former for two of the latter, Stories were revived that mergers are being formulated. sional buying in the equiprhent, St more. vate operation on Aug. 1, accordi: financia! quarters in Wall Street. meeting interest payments, to 15 per cent. In sharp contrast with railroads, the equipment companies are prosperous than ever tho American Car and Foundry “| be able to continue its & per cent. account, share. ‘danker, one who is certainly ii tion, asse: 4) 41-295 1-2; unchanged; U. Cot, Tire, 211-228; 5 66 1-268), Clinton Wri. | 2 L Amphalt, 1-2—-10 1 Beth, Stet n ls, Bull epecylators in the stock MAT yeokiyn M, ne ket refused to BE discouraged to-day | Cx}, retrofeum by continued high money rates, and Central Leather ... prices of nearly all the favorites yiencd Tecifie Obie, “at & Mt. [Ooen, Prod, Co. 3 Big Ledge, “La United States Steamship, 27- South Amer)- General Motor Co. | Great Nor, Ore. . 3 Noon prices steady. | Ineptracion Comper: « E Intercontinental Rubber, 24 1- Interboro Con, yf... 65 5-866 1-2; Fisk, 6 3-4-3 7 Oder, Mar, et, of... M. prices quiet and firm, A: ‘Mexican Petrotown . | Miner! Copper. eeerpers # FR FF Gontinental Candy jated iu nited Retail Stores, 66 1-4—86 1- | opened at 8, high 8, low 6. renewal . ruling 8 and closed at 8 pe.. , industrials opened at 9, high 12, + onewals # Fuling 9 and closed at leet CLEARINGS. New York, $1,021,147, 4 inc., $92, 37. 53, [+++ aw **Tobacoo Produ ¥ op Philadeiphia, 10 LABERTY BONDS. Ast 41-45, 95.14, off .04; :) 2. od Sd 41-45, 95.04, oft 04; at ‘ t Dunkirk, N. Modiots ‘Loan bpeieem by EaeRe gest eee: Rails continued to move sluggistly. 33-48, 100.14; 434s, ‘6 OILS ON THE CURB. Opened steady. dated, 601-4, up 1-4; ascribed to uncertainty as to how the Government will take care of them RACE TRACK, LATONIA. Ky. July | anancially, if at all, when the prop- Sinclair ‘Consoit- | Midwest Re- !™*7,; Commonwealth Pet., otton BRIERE forecast to-day at 10,986,000 equi lent 550-pound baies by tho ment of Agriculture, basing its esti- mation on the June 25 condition of the growing crop, which was 70.0 p: cent. of normal, and an aren of 34, 000 acres under cultivation on that date, EARNINGS. United Light ond Railways Co five months ended May 31, 1919: Five months 4,157,444, incr ase terest charges, 620 $408, twelye month gross, ary cnerease $1,410,006; surplus after divi: dend and interest charges, $1,144,388, increase $70,435. Earnings applicable 2. United Light and Railways Co. for renine to May 31, 1919, amounted 4 $776, 72: inst $640,020 for zai period in 1918, For twelve mont ended May 31, 1919, they were $1,589: 970, against $1,815,602, an increase ot $177,368. DIVIDENDS. terly of $2, payable Aug. 1! common stock, payable ‘Sept. 2 OTE ae Mag oo} Survey's advanced atat reduction of copper in the United pistes In 1918 shows: Smelter Production of Fy ry copper during 1 pounds, against 000 potned in 191 ‘otal value output at an average price of 4.7 cents a pound ‘is $471,408,000, against $514,911,000 for 1917. The total production of new refined copper in 1918 ot 2,432,000,000 pounds, an incre 4,000,000 over 1917. * If the automobile industry this year only comes within 75 per cent. of its 1917 production, ‘the tire and. rubber business will enjoy an unprecedented! successful y according to Preston Roberts, Pregident of the Perfection Tire and Rubber “por g Mr. Roberts holds that any falting back of the contemplated production schedule by the motor vehicle makers will be more than offset, as far as the tire business ja concerned, by the record number of sales of used cars do- veloped because of the shortage of ma chines direct from the factories. The difference to the tre sales will be made by ¢ urers direct to the car ya Mr. Roberts The. membership of C. R. tao 9 of New York Coffee and 8 change has been sold to P. G. for $7,500, vious sale. oo Acetyline Torches Used to the Wreckage. WASHINGTON, July 1.—The official report on the New York Central wreck Y., says that when the) locomotive of Train Ni g ane lode alter telescoping the st faane tt pove the wrecl into ch ‘. ata mass that P, C. Crow! ane ager, of the New Tork’ Get Contra, who 8 was in Dunkirk, had to order acetyline flame torches to separate the wreckage. 58 1-4—59 1- 1-2; Ryan, 5 8-8—1-2; Amal, Royalty, yi.| ‘Tobacco stocks were stimulated by! y 1.44 the announcement that holders of! 55 \.9 BANKING AND FINANCIAL Producers Ref., 73- Yer Holston, Nee 20; hagas 2; Island Oil, 7 8-4—8 at Service Bank 3! 8, 4; Glenrock, 6—1-8 | plans for other big tobacco company How to Trade A booklet giving general rules of trading, free to investors During the last hour the market's upward swing made further headway 7 with particularly aggressive proies-| Gosden, 11—111- ederal Toul, 31-8 | Savoy, 9—11. nd Gugar issues, Speculative senti- oes prices steady. ment seemed to be more optimistic t nm at any time in two weeks or International Glenrock, 6— Amalgamated ‘Royalty, 5 Rallréads will be returned to pri- 46-46 1-4 Ventura, 16 ei. ‘Texas Ranger, “It’s no use waiting for your ship tc reports being circulated in high to come in unless, you have sent one out!” and firm, Am. Sinclair Gulgs According to this rcport, which is sald to, have come from Paris, this step will be taken, preparatory to turning the physical properties back to stockholders on Jan. 1 in accord- ance with plans officially announced. Lease, contracts and government guarantees of net income will be con- Unued until the first of the new year. Almost without exception railroads are now falling to earn the net in- come guaranteed by the Government, Bankers freely admit that unless les- islation is enacted which will protect railroad shareholders a large number of companies will have to cut div- idend disbursements and other com- panies will be forced ty suspend pay- ments entirely, As a matter of fact, the opinion is expressed that various smalier’compantes in a weak financial condition will have much difficulty in| There is no mystery about buying securi- ties outright or on’ account. This booklet tells commission charges and how your broker opens an account—the door of opportunity for you. National Oil, requirements, strong, Sincl. Cons ee 4, up 3-4; Transcontinental Oil, Call, ‘phone or write for No. E. W-493 JONES & BAKER 50 Broad St. Tel. Broad 2910 Opened stead: Allied Packers, PHILADELPHIA SECURITIES 505 Fifth Ave, Tel Murray HM 7128 NEW YORK Direct Private Wires PITTSBURGH DETROIT ad cher; Ring, “ine Sue: “white diamond, sperteas BANKING AND FINANCIAL, BOSTON ‘The situation 1s so serious that it is} planned to make @ vigorous fight for higher freight rates, for banking opinion seems unanimous that present abnormally bigh operating costs can only be offectively offset by an in- crease in freight charges of [rom 12 C. W. GALVIN & C0.’S RECORD IS FOUND CLEAN ‘The Disrtet Attorney's oye sabe the of C. W, Galvin & Kern, of No. @ Broad atreat, ended Friday, With exonerauion for the company, ‘linquiry grew out of a sa) iy efore, In 1918 the prosent -day ee 100 iy A COST OF 25 A GAL- A trial unekage, (81.25) makes fi ears n= pany earned well over $30 for each| share of common stock and even us- | » ft suming that it does not carn another gination, affect the rights and h xt three ye wii sts of the workers of the United dollar for the ne uree years it wiil States, which can in no way curb, | prevent, or hinder us in the work ot, dividend for that period, for such ing further every hour of every’ provision h jay Of every month of the year, Pe that we ahall be | pressing forward the claims of labor | 8°) alliances with We are so close veral years: ie At the close of the w declared himeeit eotirely satisfied with the explana-|* manne= in which the affairs) i. ot the firm wore being conducted . Herald, June 29. Libis le no expenment at avorte ‘of expert ra after two years hard work BY PARCEL POST ONLY, been made in @ re- orders only no Ghee! HOME BEVERAGE SUPPLY CO. 49 Belmont Place, New Brixhton, N. ¥, C. W. GALVIN & CO. Broad Birest, New. York ones Broad 2605-0; 7207-8. The American Locomotive Com- pany’s fiscal’ year ended yesterday @¥ and people in close touch with the | Management assert that the balance ‘available for common dividends will HEN you goon pt tion this Summer have | your favorite paper mailed to you every day. Evening World, 19 ger week 18¢ Fer week Sunday World, 6 ah Sunday Baldwin Locomotive enjoys the dis- ee a Emigrant Industrial Savings Bank 51 Chambers Street, New York The Zs Of Trustees has declared © Semi-Annual Dividend, at the rate of Four Per Cent. Per Annum ON ALD’ DEPOSITS ENTITLED 1MERETO, DEPOSITS MADE ON OR BELUKE WELL DRAW INTEREST FROM JULY t6t, 1 JOUN &. DALY, C TEX-YORK PRODUCING Active on N. Y, Curb $174 bid—$2} § asked Bought—Sold—Quoted Ask us why Tex-York has main- tained its firm tendency despite the irregularity of the market last week. Descriptive circular and “Story of Ranger” booklet on request, SAVINGS BANKS. JON J. PULLETN, President, SIX HOUR AIR MAILS First Plane Makes 123 Miles an and Chicago was’ inaugurated to-day with a six-hour service. ‘The first plano hours and there transferred Its mail to Another plane, which reached Cleveland at 9.90 A. M to the regular Cloveland-to-Chicago machine. ae MAN KILLED IN “WET” RUSH. celebration lust night. Frank C, Basen- beck, forty-six, a waiter employed at the Savoy Hotel, Fifth Avenue and 5! Street, fell down a stairway while rugh- ing to sérve hotel guests and was killéd. by Dr. Weiner, th iy c! a Indiana Pipe Line Co., regular quar- UCL OR Atchison, Topeka & 5, F. Railway, regular quarterly of 1 1-2 per cent. on NEW YORK-CHIGAGO BEGIN Hour} Reaching Transfer Point. Alr mail service between New A. M,, flew to . Pa. at the rate of 123 miles an , in time to tranefer the mail One death resulted from the “wet” is death was reported this morning BANKING AND FINANCIAL, RUBBER CO. HAYE YOU investigated the pos- uemvilitien of Perfection Tire & Do you know the details of the company's $56,000,000 contract with Keystone Tire & tuber Co., and the export agreement with the Nemours Trading Corp.? What is Perfection’s potential earning power and dividend pros- pects? These and other important quea- tions about this attractive, lo priced Tire issue, us well as the stock's market position, are dis- cussed in a special, new analytical ort, which I have prepared for FREE distribution to all inter- eiadden n increase of $500 over pre- COSDEN & CO. SINCLAIR CONS. Withir. the next few days, or less, there may be some in- teresting statements to make ge ling these two excellent il companies. We believe we are in pos- session of exclusive informa- tion regarding their imme- diate future, which we will be leased to disclose to those interested in either stock, or in oil issues generally. Write us to-day L, L. WINKELMAN & CO. 44 Broad Strest, New York TELEPHONE 6470 BROAD FREE-- The Bowery Savings Bank WILLIAM EB. KNOX, Comptroller. JOSEPH GO. LIDDLE United States Savings Bank three or #ix months ending June 30, 1918, at the rate of Maiden Lane Savings Bank| Dollar Savin s Bank I Wal. M KERN, Treawures @ PP aA ft larce Map in -MAP STORY OF RANGER CONTE ACn a COs Broad Bt. New Srork. i “SAVINGS BAN ks. 128 and 130 BOWERY. NEW YORK, June 9, 1918. A semi-annual dividend at the rate of FOUR PER CENT, per annum has been declared and will be credited to depositars on all sums of $5.00 and upward and not exceeding $3.000 which shall have been deposit. ed at least three months on the firwt day of July next, and will be payable on and after Monday, July 21, 193 Money deposited or before July 10 will draw interest fron. July 1, 1949 HENRY A. SOHENCK, President, EXGELSIOR. SAVING S BANK tater ered ins %, Per Annum go all sume of S. W. Cor, Madison Ave. and 58th St. A dividend hay been declared for the FOUR PER CENT. num_on all accounts rr ts made July tz will draw tn July 1. LOAD, TAINTOR, Président, 170 Broadway, cor, Maiden La Baturdays to i P. Pre eligr, Opens An Accor A. KIN OF THE CITY OF NEW YORK ‘Third Avenue and 147th ot. ¥ ited July rst, at the rate of Your Per Cen perannuin, on accounts from 9 Deposits made on or ators ily 10th draw interest from July 1, JBRIAN G. HUGHES, Prosideat,