The evening world. Newspaper, July 7, 1919, Page 10

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ST & DIVIDEND NOTICES. (XGTONA of July F VE Sundays of; August GRR WALL STREET ' News and Gossip of To-Day’s | Market—Preésent’and Fu- ture Prices. ‘There was a sew Wurst of bullish enthusiasm displayed in the stock market to-day. On a volume of transactions that closely approached the high record of the year, or nearty 2,000,000, many industrial favorites were marked up for spectacular gains Increased optimism was based on reports which accumulated during the three-day holiday of greater ac- tivity in practically all lines of busi- Ness, Wall Street has long expected that the termination of the WAT | week. Al steol companies report that would be followed by unparalleled . These expectations are Sradually being realized. + To-day’s price advance was partic warily impressive ®ecause railroad and copper shares, recently !aggards, shared it to a noteworthy extent. For a time they occupied the place of wn- disputed market leadership, A highly stimulating Influence in | the copper group was the announce- ‘ment that sales of the meta! had , Deen made at 20 cents, and that all farge producers had raised their quo- the vessel was loading, was damaged. ECCI BANKING AND FINANCIAL. Livingston Oil Reports 4 Wells Brought In On its leases, since 21et, in addition Reisen stented cheater duction tion, as follows: Traded in on the New York Curb Descriptive Circular and Maps on Request. Investrm~r Broszre Sivcer BunpweG. New Yorn 1%, TEL, CORTLANDT—2543-4-5, 6273-4-5, The statements hersin, while not guaranteed, have been oblained from what y we consider to be reliable and authoritative sources, This week's this week. At hotels and news-stands 5e 50 Broad St. fel. Broad 2010 EASE HR ai Advance News The “INVESTOR & TRADER”— out tomorrow—aims to be first with market information issue, vestors and traders, contains many exclusive items concerning all the Industrials Oils Mines actively traded on the New York Curb Exchange. Read the editor's column on securities which may be unusually active Call, ‘phone or write for No. E. W.-796 Subscribe by JONES & BAKER SECURITIES NEW YORK Wtrect Private Wires DeTRoIT Dn nn we P 4 & THE EVENING WORLD, MONDAY, tation to this figure. Predictions are now made that there will be a further advance to 23 cents before fall, Utah Copper moved up 4 points to 43-8. Smelters rose nearly 3 points and other leading coppers gained from 2 to 3 points, Strength in the railroad lst ap- eared to be due to nothing more than a spread of the belief that a substantiat freight rate increase js on the tapi. At any rate the leaders in this group rose from 2 to 3 points. Motors moved irregviarly, Stute furnished a sensation by aviating more than 16 points, crossing 100. It js known that a large short interest had been trapped in this stock. But while Stuta wes soaring other motor shares and the rubber issues began to fall back. Steel issues were eagerly bought. U. 8, @teel made @ new high for the year, crossing 115, and Crucible made ja new high for all time at 120, up 6 points from the final price of iast Total sales stocks, 2,096,600 shares. CLOSING STOCK QUOTATIONS. Last, Ohm, Net. ora ' 00% an * pris? i; L4tee] L Lee) 1 +eeeel eeee” Fede e Seeskz . if orders aro piling up and prospects of ‘unusually big carnings are excellent During the afternoon the renewal of the bull speculation on a large scale began to make itself felt in the money market, ge i i U, S. Steamer Castlewood Damaged by Fire: i j Mer, Marine ct. . BUPNOS AIRMB, July %.—The |e aos oe American steamer Castlewood, which | \Verean Petroleum. 180 arrived here from New York, had a fire!wiami Cuoper to-day in bunkers of No, 2 hold, The cargo of Quebracho wood, with which oe ESR See cee eT REESE ce OF BANKING AND FINANCIAL. | Rit: iti ty to large daily prodoe- 25 bbls. 3,500 bbls. 100 bbls. rT pty LIBERTY BONDS. 31-23, 99.38, up .03; 2d 46, 93.82; Ist 41-45, 96.04, off .10; Bd 4 1-40, 94.26; 3d 4 1-40, 95.10, off .04; 4th 41-40, 94.26, off 04; Victory “an 3 3-4u, 100.10, up .08; 4a, 08; ath | Lean Opened strong: Cosden, 11 3-4—12; Ryan Oll, 5 7-8—4; Cities Service Bank Shares, 401-241; Glen Rock Oil, 661-8; Barnett Oil, 3-16—1-4; Sin- clair Guif, 69-61; Pitts.-Texas, 131-2—133-4; Simms Pet. $1 8-8— 811-2; Amal, Royalty, 11-8—13-3; Sat Creck, 64—€41-2; Victoria Oil, 21-4-21-2; Merritt Oil, 27—27 3-4; Houston Oil, 116-120; Island Oil, 78-4—-81-4; Qil, 471-4-471-2; Mid- west, 181-183. Noon prices strong. Island Oil, 13-4—T 7-8; Simms Pete,, 31 3-4—32; Com, Pete., 59-69 1-2: Ou, 41-2 —614; Sinclair Gulf, 5! i—6 1-2; Sinclair Con., 63 1-8—63 ‘Trans- cont, 471-2—476-8; Glenrock Ol, 6 1-8-6 1-4; Merritt, 271-228; Salt oaks: See ; ‘Amal. Royalty, 11-8 ~—it THE CURB. Opened strong. Aetna, 11 7-8—12; Hupp Motor, 111-4—113-4; Bureka, 221-4; Wright-Martin, 4 7-8-6 1-8: Savold Tire, 591-261; Allied Packers, —66; British-American Tobacco Conp., 22-23; Registered, 21—23; South American Gold Plat., 117-8—12: Bub- marine 16-17; Colonial ‘Ti: Reta 811-4, up 84; Intercont. Rubber, Noon prices strong. Allied Pack- Sub. Boat, 16 14 Phil. Mo: Col. Aetna, 113-4— 166-110; Fisk 38; Tire, 24 1-4—24 8-4; 3; Cramp, Ship, Tire, 49—49 1-2. MONEY. Call—Mixed collateral opened 6, high 20, low 6, Renewals 6, last 2 ruling 6 per cent. Industrials opened 61-2, high 20, low 61-2. 61-2; clade 20 per cent. Time money market is unchanged. FREE to in- funds and business is restricted to few renewals at 6 per cent. for shorter periods On all industrial collateral, There i. Umited volume of money 6 per cent. for the 80 and 60 day peri- ods, but the demand is light. There are @ number of requests in the market for long period money, but borrowers are forced to finance com- mitments in the call market. Some improvement is noted in the commercial paper market, A moder- ate quantity of paper ls now finding its way into the market and is being taken largely by country banks, al- though purchases are $2.00 the year choice bit of paper is taken at 61-4 Pebanks. gained 8 $2,389,000; since Phdny, # EXCHANGE, Demand sterling continued weak, falling off to 4.48 1-4, a new low rec- ord, Remittance has been under pres- sure of huge commercial bill offerings. 505 Fifth Ave, Treasury Tel. Murrey wa T1230 000, 228; from Jan. 1, $40,009, Lenders are pot offering any new |s JULY 7, cables, 4.49; Francs, cables, 6.74; Live, demand, ; Guilders, demand, 37 7-8, cables, 38. CLBARINGS, New York $402,960,449, decrease $26,162,474; Boston $85,247,082, decrease $10,338,547. Sub-Treasury creditor at Clearly Ld House $458,375; Federal Reserve Bank creditor $68,869,413. \ GRAIN. Range for the da ih a i i ioe Ore 10% ae Ee agen . 91.60 G00 81.90 +00 up 356-8; September, | December, up 7-8—! Oats, July, off 1 September, | up 1-4; December, up 5-8. Lard, July, unchanged to up 2; September, up 2. at Chicago: fe ae Deremuber a 43 2100 foo Sos Congolidated Gas of Baltimore— April, gross, © $1,008,881; increase, $16,737. Ten months gross, $10,774,- 255; increase, $2,110,867. Net after tax, $3,151,455; increase, $282,405. Grand Trunk Railway System— Fourth week June, $1,488,681; de- crease, $283,161, From Jan, 1, $29,- 581,242; increase, $5,609,068, Colorado and Southern — Fourth week June, $662,284; increase, $41,- From Ji in- Canad June, $3,977,000, Jan. 1, $74,847,000, ii Canadian ional Railw: 31,043; decrease $56%,- 85, increase week June, $1, $4,565,356. Buffalo, Rochester and Pittsburgh Company—Fourth week June, $8,440,651 Shell Transport and Trading Com. pany, Ltdé.—Year 1918, surplus after exper 4,091,976 against 2,638,058 pounds in preceding year. DIVIDENDS, Brown Shoe Company — Regular quarterly 13-4 per cent. preferred payable Aug. 1. N. ¥., Chicago and St, Louis Rall- road—Regular semi-annual 21-2 per cent, second preferred payable July 22. . Harriman National Bank—Semi- annual of 5 per cent. payable July 5. Curtiss Aeroplane and Motor Com- pan; mi-annu: 31-2 per cent. preferred payable July 15. NOTES. ‘The New York State Superintendent of Banks has issued @ call for condition rivate mn ‘ution: Sune 30, The Nationa) ptrol Currency has issued @ call for con of banks as of the same date. mt Ee gee tn UNION WITH GERMANY ABANDONED BY AUSTRIA Secretary of Foreign Affairs Says Nation Cannot Go Against Wishes of Allies. PARIS, July 7 (French Wireless Ser- viee).—The Austrian Government has given up, at least for the time being, the idea of a union with Germany, Dr, Otto Bi the Secretary for For- eign Affairs, declared in an address delivered last week at the congress held by the Councils of Workers, ac- cording, to the Veinna correspondent of the Temp: all he ‘Austria, Foreign Secretar; the permission Entente, and y ing, could only exist by and assistance of the that is why it has abandoned the idea of uniting with Germany at this time The essential thing for present, the Gecretary added, was the mainte- nance of "the unity of the proletarian Shae mY BBOOND 140} Renewals | ‘Yam Bien 1o6 8 POURTH TACK The yourokds; five fu offered in half-and-half collateral at |‘ READING, Pa., July Reading Iron Company's etx plants went into operation to-day because of a wage dispute. ‘There will'be a con- ference to-morrow between company officials and representatives of the em- ployees because of the reduction from $14.37 to $10.60 @ ton for puddiing. About 3,000 men are out. Beautiful Gravure Picture Souvenir of the NC-4, now on exhibition in Central Park, ready 2 ma) A ahke to cut out and frame, will be printgd in the Picture Section of , s , ' Weis. > “GOAL SHORTAGE” (5 PART OF PLAN | Cotton, grain, packers and other | drafts are appearing in great pro- fusion, while the demand is rather limited. Lire cables were weak, off 7 centimes from the opening at 8,10. Franc checks were also lower at 6.76. | Swiss cables were 5.52, Peseta cables | 19.66, Stockholm cables 25.20. Bterl.ng | | (Continued From First Page.) Great incentive of war and the stupendous need of fuel for the conflict. Having raised the price of coal 60 cents a ton, at the rate of ten cents a month from April on, the coal opera- tors insist the public should imme- diately buy. SHUT DOWN MINES IN APRIL; MAY DO IT AGAIN IN AUGUST. There is abundant proof in this section that the coal barons not April and part of May to prevent a too plentifal supply of coal and thue a cheaper market, but that a similar shutdown wiii occur in August. In that month the top Price of the 50-cent jump will have been reached, and the pub- lic is mot expected to rush in orders. Plans are already per- fected to then announce that the Public is not buying enough coal to warrant mining. The coal barons in their publicity campaign assert that the Govera- ment-fixed prices of last year we Inadequate and that Fuel Director Harry A. Garfield and his assistants have so stated. tt is asserted by thore who have always been close to mining in this section that the Govern- mental prices were such as to al- low a more than handsome profit to the operators, and that, when fixed, these prices allowed for the raise of pay to the miners. In fixing the 50-cent jump for this year nothing was added to the miners’ pay. Unprejudiced experts of this seo- thon furthermore declare than when Director Garfield set his prices it was after consultation with and by advice of @ man who operates in coal on a large scale and who has been able since to obtain leases on coal fields which no one else could even ap- proach, One of the dominant reasons for a Probable coal shortage, assigned by the operators, is the labor situation. They declare that the ending of the war has resulted in thousands of miners quitting their work and rush- ing back to Europe to see the land of their birth, PROOF THEY’R LYING ABOUT LABOR SITUATION. Local officiate hereabouts have yet to find one single case of a foreigner leaving his work in the mines to return to Europe, While some have discussed such a trip, none has as yet been able to ob- tain a passport. Officials say also very few of the foreign element once past the first generation show any inclina- tion to even see Italy, Greece, Aus- tria or other countries of Southern Europe, If there is any such desire, Say local officials, it dies out with the first generation. The claim is made by operators that labor is scarce and that returning soldiers formerly miners with plenty of experience have declined to again so down in the mines. Not only is this assertion stren- uously contradicted, but plenty of proof exists to show that many returning soldiers have been de- liberately turned down when they applied for their old tasks. A sample of this treatment is con- veyed in the following lette: June 27, 1919. Mr. W J. Richards, President Phil- adelphia and Reading Coal and Iron Company, Pottsville, Pa. Sir; Lam twenty-six years of age, and the last four years in my service in the Reading Coal and Iron Company was outside at the Hammond Col- fiery, Prior to my employment as I worked six years as rer at the Hammond—alto- gether ten years. June 4%, 1918, I left for Camp Lee, Virginia, reached France Aug. 15, 1918, and fought in the Argonne drive and returned to America on May 29, this year, ‘I applied to the outside foreman of the Hammond and found that I could not get my old job nor one OF BARONS TO AGAIN BOOST PRIGES | similar to it. The only thing that | he would give me was outside labor. The man now filling my piace, so far as I can learn, wa not even a company employee, bu worked for the Lehigh before I lett. Friends tell me that if I go over the foreman’s head asking em- ployment that would give mo ns food a return as the man now taking my place, sooner or lal he would find a way to get rid of me. Iam not prepared to beljeve that I am to be thus penal for serving my country, and for that reason I am writing you. According to a well known ney here, this is only one of number of similar cases, The ro- turned soldier who wrote the letter is anxious to pay off a mortgage, and in desperation he appealed to the at- torney for help. ASSERTION MINERS WON'T WORK A FABRICATION. ‘The coal barons have recently as-| serted that the miners would not work more than two or three days week and that this was gpustug @ great drain in production. Inquiry among many miners in Pottsville, Minersville, Tamaqua, St. Shenandoah, Ash- land, Girardvitie and other ‘minii ns hereabouts strongly rof any such claim. The miners them- selves assert there is not a man whu does not wish to work his six days a week; that some of them, particu- larly on contract work, are fortu- nate to jown good pay and that it would be folly for them to even think of working only a few days a week. | “Here's my check, thanks to good luck in the it two weeks,” maida miner, as he showed a check for $190.40. “Do y-u think I am going to loaf, particularly now that boose Is cut out, when IT can draw down that kind of money? ‘The same applies to % per cent. of the men here. here is not a native of the co fields of Pennsylvania who does not blame the coal barons for trying to isguide the public with a tale of ‘coal shortage.” Vast virgin coal fields lie here which have never felt the blow of a pick and they are kept idle, according to the experienced miners in this section, because to de- velop them would mean a plentiful supply and cheaper coal for the pub- Proof of these claims is abundant. There is @ coal field here, ieaeed 0S the largest of operating companies, on which the company is paying an annual feo of between $15,000 and and $20,000 a year and which has never been touched with a picx. 60 rich Is the vein in this fleld that the operators are afraid to tap it and yet | they pay the tremendous sum just to keep it idle. Similar virgin fields are found throughout the region of Penn- sylvania coal mines. CLAIM OF NO STORAGE ROOM PROVED FALSE. Another favorite claim of the oper- ators is that there is Ss eo to re coal in antic! tion aeore oo! pat of @ public This region is rich with room for | storing coal. Natives here declare the | ‘eal reason for the operators’ asser- tion lies in the fact that to get a pub- lig demand for coal means the direct hauling of the fuel to the destination, thereby hot only saving the expense of storing but also rendering unnec- essary the double handling of the coal. A public demand, instead of storing the coal, means the saving of much money to the operator, Ono of the most interesting phases of the so-called coal shortage is that Of the local independent coal opera- | tore. Without exception they fai! to talk of the situation because of fear | of reprisals. Ali of them depend for | their living on coal from flelds leased | by the all powerful barons, thus lower prices he finds himself un- able to renew his lease. Likewise he is chary of telling the real conditions for the same reason. Just how strongly entrenched the controlling operators are is shown by figures recently compiled by a local expert in mining. He declares that one company controls about 45 per cent, of the Pennsylvania output and yet turns out only 12,000,000 tons a year, The parent company of this concern, controlling about 60 per cent. through its railroads, ete, mines jess than 20,000,000 tons a year. Typical of the real situation here- abouts is the answer of J. F. Farne, Justice of the Peace in Minersville. He is in close touch with many of the work. There is no need for @ coal shortage and it will be an artificial one, if it comes. The men don’t to saloons any more to spend their wages. Tho rea) reason is that the companies are leaving undeveloped’ huge fields of virgin coal because ther want the public to pay price they have set. Why, do you suppose, do I have to pay $7 a ton for coal when I live right over a coal mine? I used to pay $3 for it. Why is it that in this great anthracite region there are complaints being filed with the Fede thorities to the effect that the ratfromds are al- most smoking us out with their soft coal? . “There is plenty of coal here, there is plenty of labor, there is no shirk- ing by the miner. The responsibility is elsewhere and we know where it Nes. —_—_——X—K—_ The Bowery Savings Bank 128 and 190 BOWERY. BW YORK, June 9, 1018. ‘A eoml-annual dividend at the rate of FOUR PUR CENT, per annum hag been declared and wilt be credited to depositors on all sume of and upward and not exceeding which shall have been deposit e¢ at least three months on the first day of July next, and will be payable on and after Monday, July 91, 191% Money deposited on or before July 10 will draw interest from July 1, 1910. HENRY A. SOHPNOK, President, AM B. KNOX, Comptroller, JOskPA'O. LIDDLA, Becretary. ants be ed can ni Bankion by) LLIAM J. FOUR PER CENT. per annum has been declared on ae ‘counts up to and fncluding One Thousand Dollars CHARLES ROE, Presid GEORGE T. CONNETT, Secy. & Treas. im the City of Now York Corner Sth Ave. and 42d Street, Citizens’ Savings Bank 66 & & BOWERY, COR, CANAL BT. 118TH SEMI-ANNUAL DIVIDEND ey HENR| Metropolitan Savings Bank SEXAAERIDP AX, >> apes ‘You le ie lp To 9. at es ee ot FOR FOUR PER CENT. PER ANNUM miners and their famtiies, Said h It is ridiculous to say the m days. It is foolish to say the for- eigners are going back to the old country. ‘The men are anxious to ted to. the vylawe lot thes banitelee ‘$3,000. rm draw in HERT D. Al FRANOIS H, MOFFET, Be: OCU T=) Street Level Stores Prescriptions, ipti Drugs end Remedies; Toilet Pre- Boos Shek Room heads bee ps Sup- plies; Cigars, Candy and Soda. All in one store on one floor, easily accessible; ping or receiving Feral Stores oll . SAVINGS BANKS, Emigrant Industrial Savings Bank 51 Chambers Street, New York ‘The Board of Trustecs has declared « Gemi-Annual Dividend at the rate of 1|Four Per Cent. Per Annum ON ALL DEPOSITS ENTITLED 1MBRETO, DEPOSITS MADE ON OR BEFORE July 10th, 1019, WILL DRAW FON &. DALY, Comptrolier, ¢ INTEREST FROM JULY ist, 1919, NEW YORK SAVINGS N. W. Cor. 14th St. and 8th Avenue Dividena July Ist. ® it the, ot FOUR PER CENT ver rice weir all eume fi 3 so 2 3.000 ay ote Sha a qranaiu-t st RiAUORE. Rrcten: ‘WALTR 5 RINCKERHOFF. See’y. IRVING SAVINGS INSTITUTION 215 CusMEnne ST. N. 5 ‘The Trustees declared for the six months ending June 80, 1019, * “FOUR PER CENT. ape hy peli waren aden Oh, oF bslote aly. 0 w interes B. TENER, President, B. DUNNTN' GRORGE BR. by SAVINGS & LOAN ASSOCIATIONS ) Franklin yer Society \nounces te sam-annual cash niend the gual rate of our snd, Oop-Half Patt on alt arinae amare ‘$10 to $5,000, This is the 18 Conmsontive Dividend Ki Vor Home Building and Savings. 88 PARK ROW. NEW YORK, 4.>PERCENT]

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