The evening world. Newspaper, July 9, 1919, Page 16

ene e OP eae re tte ta tS a ats a a | KGELSIOL VAVINGS BANK] The Franklin Savings Bank fim the City of New York, ' Corner Mth Ave. and 424 Street. etmi-ennual dividend bas se & 88 BOWERY, COR, CAN. 148TH SEMI-ANNUAL DI Par Bars ovseret in rate of Usion Dime Savings Ba th Street and 6th Avenue. & Pa airaed aera conse, ARE gi » 1919, 38 uly ae. ) | Ra an cl, SE x1 et i Fite : ‘Metropolitan Saini Bank , a IVDEND Aint ati “ENDING CENT. PER ANNUM OF ,betok a) President DUNNING, Secretary, i ie aoa) ‘TH FRANKLIN pret Ber Mome Building and Savings, ‘ 88 FARK KOw, NEW YORK, 4.2 PER CENT WALL STREET of 7 points, Maxwell common rone News and Gossip of To-Day’s | nearly ¢ points, Chandler about 7 Presen\ points and Studebaker 3 points, There Market t and Fur are, numerous stories of mergers, ture Prices. stock dividends and what not, but the There was no convincing evidence given by the action of the stock prices to-day that the bull movement which has been going on sinct early in Feb- ruary, is in its culminating stage. On thé contrary, bull cliques are as ag- gressive us at any previous time, and their efforts are meeting with a full measure of success. mous, allowed to rest white another is taken up. To-day the motor, shipping, to- bacco and certain of the agricultural shares were paraded. In the motors White Company was jacked up to a new Mgh with a gain real’ reason for the eager buying is that nearly all motor companies are working at full capacity to catch up with public demand and that prospec- tive profits are comparatively enor- No new developments occurred in the shipping situation, but Atlantic ulf rose 6 points, Marine common 4 points and Marine preferred more When one group of speculative fav-| than 8 points, orites show signs of lagging they are adian Pafific furnished a sensa. BANKING AND FINANCIAL. _ | BANKING AND FINANCIAL, aoe = Over 20,000 Acres, Texas, Okl Large Earnings. Dividends 3 , 36 Wells in No (Baburnets fs homa. A’ C.D Knarr de. Ne ae 1900 wwe consider to be ed in Trowertiee, prodwetons o or, "Mocks covered "he ‘of our investment Geckly, “The M Annaliat.” Copy ‘teithout obligation upon re- quest for 113—No, 38, SCHMIDT & DEERY Members Consolidated Stock Exchange of N.Y. New York Offices ! ft Will Show You make dnvestors money int uher hee _ How money multiplies when invested in sound securities. “New to determine the dollar value back of your stock certificate, How to trade for profits in the stock market. And 100 otrer loete thes point the way “Oils, Industrials _ Mining and Curb Securities are covered most thoroughly and comprehensively in the STONEHAM WEEKLY MARKET LETTER which las been issued ever Friday since 1903, Through dil times and bad, War times and peace, the aim of this letter has been to give the un- biased opinions of experts in the above securities, No one interested in this class H of securities should be without our letter, \ Write for this Week's Issue, V-30. Charles A. Stoneham & Co, 41 Broad Street, “|| Livingston Oil 4,625 barrels oil 15 ,000,000 cubic feet gas 800 gallons gasoline * Total Capitalization $3,000,000, Lea agag $2,221,940, }% Quarterly, DRILLING OPERATIONS : ‘tension 9 Wellsin Offsets y Snipaniead to ‘‘Gushers.”” Traded in oni the New York Curb to * Dedcriptive Cireular'and Maps on Request. aCo. SINGER = hae ee New Youn a. contin sonst ee Soksngece Apache oe) h is RESOURCES 10 points, but the remaigedr of the railroad list refused to crawl out of the market rut into which they have again gone, Steel shares were unaffected by an| astonishingly poor report of ee) Lackawanna Company for the seco the company failed to earn taxes and depreciation charges by $233,000 year the net profit was $2,830,000, Steel common moved irregular! Crucible, Midvale, Bethlehem ‘and other independent steel’ companies were up from 1 to nearly 3 points. As indicating the contrary mood of the stock market it was strongest while money rates were highest, The prevailing rate on call loans until early afternoon was 9 and 10 per cent, When rates dropped to 6 and 6 1 ®an to fall off and in many instances about one half of early gains were were lost. Profit taking was partly induced by expectations of a poorer crop re- port than was issued in June. This report showed that the condition of wheat had deteriorated from 93.8 per cont, to 86.6 per cent. and that the This, however, shows considerable improvement over last y yield, Oats and other crops also showed considerable deterioration. n took on a firm tone at din many cases earlier highs were exceeded. This despite the fact that unconfirmed reports | were circulated to the effect that the Federal Reserve Bank will issue an- oher and more pointed warning against the danger of overspeculation. pt iomal eos vn mip tor” theen.rear-olde fie 118; Sanero ay = Be per cent. around 1 o'clock, prices be- tion when it rose to 170 for a gain of | ¢ Total sa: whereas in the same period of last | sm, meet Sacer Am, Can. Am, Am, Am, indicated crop is 1,161,000,000 bushels. | Bi* Maxwell Motor Ofer, Marine et. Mer, Marine pf. Mex, Pet Miami Copper . Midvale Steel . fo, Pacific . “St Seeger, “IT Sin RACe ‘Comeitions: Uhre “ibantomMiak!, ; “Sewmondas 103! Weather clear, Dancer 21, Pe claimed OILS ON THE CURB. Hee lee lL eee eee eeeeel te + + +4+++411 te]e+ ttt 11 » woe SELF SET ESE F FFF KCTS +it}t FINANCIAL NEWS AND PRICES TODAY'S PRICES stocks, 1 701,100 phares. quarter of this year. Lt showed rr CLOSING STOCK )CK QUOTATIONS. een eee eres s 2 eeseescees weereces” 2? Opened firm. Sinclair Cons. 62 3-4, up 1-4; Houston 1 Midwest Rtg. 18° to 123; Barnett 180 to 182; ou CITY OF NEW YORK CONDENSED STATEMENT OF THE CONDITION AT THE CLOSE OF BUSINESS JUNE 30th, 1919 LIABILITIES Loans and Discounts... . $89,371,004.67 Capital. .7..... United States Bonds (Par) 7,674,000.C0 Surplus “and Undivided Oth Set td end. yer Clete reyes Cuter Stocks Bonds. 2'638,570.46 Other Liabilities... .. CASH ry EXCHANGES 34,064,279.66 $151, 185,354.28 $3,560,000.00 3,646,474.02 2,910,770.00- 18,492,814.87 $151,185,354.28 Main Office, 149 Broadway, corner Liberty St. Branches: Battery to Bronx Canal and Thompson Sts, Bowery and Grand St. Ninth’ Ave. and 14th St. Broadway and 18th St. 5th Ave. and 33d St. 67th St, and 3d Ave. Broadway and 61st St. i 86th St. and Lexington Ave. Broadway and 105th St. Lenox Ave. and 116th St, 125th St. at Lenox Ave. Broadway and 144th St, One Hundred Years of Commercial Banking We Invite Your Account BANKING AND FINANCIAL. iE BANKING AND FINANCIAL. : hdatrite Oil, 27 to 28. 3-16 to'14; Amal. Royalty, 1 1 41 3-4 to 42; Cosden, 11 7-8 to 1: ‘Transcontinental Oil, 47 1-4 to 47 1 Glenrock Oil, 6 1-8 t Pet. 31 to 31 1-4; Pet., 59 1-2 to 60; Texas Prod. Ret 7-1-2 to 3-4; Houston Oil, 1f7 to 1 rhe wo Oil, 1 1-2 to 1 5-8; Island OF Sinclair Gulf; 68 1-2> to Continental Retini Boone, 10 3. 17-88 Stanton Ofl, 1 1-8—1 torla Ol), 21-82 2.8; Ranger Ol], 5-8— Queen Oil, 11—-1 tional Petroleum, '29—30; States, 6—6 1-2, Noon prices strong. Sinclair Gulf, 58 to 69; Sinclair, 63 1-4 to 1- 2 to 28; Amal, Royalty Southwest Oilf 25 to 30; Cosden, ae 117-8 to 12; Miwdwest Ref., 180 to 182; Cities Ser, Bank, 42 Commonwealth Pet., Simms Pet 71-2 to 7 3-4, ‘THE CURB. to’ 42 1-4; 59 1-2 to Opened firm. Retail Stores 97, up 21 Philip Morris 15 1-2, up 1 1-8; Aetna 12—12 1- nial Tire 24 to 25 60; Allied Packers 64 to 65; PP Motor, 11 1-4 to 11 1-27 Sub- Boat, 16 1-4 to 16 3-4; Wright- 1-2 to 4 3-4; marine Martin «4 Gold Piat., 11 to 11 1-8. Big Ledge, 1-2— 84-87; Hecla, 6 3- Chemical, 7 1-2-7 3-4; Continenta Candy, 7 3-4—7 7-8; Caledonia, 39-42; Cons. Ariz,, 1 1-16—1 3-16; Submarine, 16 1-4—16 3-4; United Profit, 2 1-2— 26-8; Perfection Tire, 1 1-8—1 New York Shipbuilding, 62—54; 3-4—18-18; M Inited St 7-8; Cresson Gold, 3 prices strong. | Reta Marconi Am: orris, 15 to 54 to 56; So. Am. Clinton Wright, Tob. Pr., 120 to ber, 21 to 23. The close was irregular. 0 5: 38 1-4 to 36 1-2; Hay. Gen. Asp. Philip Morris, 18 1-4, up 7-8: to 1 8-8; Cities Service Bank Shares, to 6 8-8; Simms Commonwealth to 7 8-4; Victoria Oil, 2 1-8 to Tnterna- Western 31 to 81 1-4; Tex. Prod., + Curtiss 15—19; Colo- Savold Tire 58 to British American Tobacco Corporation 20 1-2 Hen 20 to 22; Asphalt 81 to Pyrene, 17 to 18; Magma, 45 to 49; South American Boston-Mont., Hoyden Jer. 3; Int, Contl. Rub- p 1-2; Retail Stores, 96 1-4, up ramp, 173, up 1; Teteredat. Rb, 21, or ke MONEY. Call, mixed collateral, opened at 9, high 9, low 6, renewals 9, ruling 9 and closed at 6 per cent.; all ind. opened at 10, high 10, low 6, renewals 10, rul- nd closed at 7 per cont. gained from SubjTreasury $1 337,000 und lost bince Fri- 4 “EXCHANGE. Sterling deriand 4.47 1-2, *| 4.48 1-4; Francs demand cables cables 6. Lire demand 8.41, cables %39; Guilders demand 38, cables 38 1-8; Swiss cables 5.54 1-2; Puseta cables + |19.65; Stockholm cables, 25.05. GRAIN, Range for Gay at \ goad ly wr re i its» 9 He sy 61.10 GOVERNMENT +. REPORT, Corn condition July 1 was ago, 87.1; ten-year average, 8 Spring wheat ‘condition, 80.9; month ago, 91.2; year ago, 86.1; ten-year average, 83.5. Winter wheat condition, 89.0; month bara 79.6; ten-year “ condition, 86.6; month year ago, 81.9; ‘ten- year 6 2,815,000,000 318 Indicated corn bushels; year ago, final, 2,589,000,000, Indicated spring wheat crop, %22,- 000,000 bushels; month ago, 343,000,000; 1918 final, 858,651,000, Indicated wintet wheat crop, 839,- 000,000 bushels; month ago, 898,000,090; 1918 final, 558,449,000, 1] Indicated all wheat crop, 1,161,000,- 000; month ago, 1,236,000,000; 1918 final, crop, 8,160,000,000; COTTON. sBEssy suse B83 zs 2 Sanity ees EARNINGS. Pacific Coast Company—May gross | tration of Mrs. $372,896, decrease $63,798; elevert months’ gross $4,987,917, decrease $688,- 216; net after expenses $671,798, ~ crease $233,199. Lackawanna Steel Company, ford June 30, 1919, quarter, deficit after charges and dep. of $288,086 com- ‘pared with profits of $3,830,498 in, June, 1918, quater. ; DIVIDENDS, . £ Bordeps, Condensed Milk Company! —Regular semi-annual dividend of 4" per cent. gn common, payable Aug, 15, and quarterly dividend of 11-2 per cent. on preferred stock, paya=' ble Sept. 15, 4 GIRLS DENIED FLUFFY HAIRY Startling ‘Testimony at ‘Western, House of Refuge Hearing. ROCHMSTER, July 9—At “t hearing before a Joint legwlative com= mittee into charges against Mrs, Flora P, Daniels, Superintendent. of the Weat- ern House of Refuge, Albion, Mrs, Au- rita T, Desmond of Syractise, a former matron, testified to gross immorality of the part of some of the inmates, This was due,.she said, to the care- lessness of Mrs. Dantelé, Mrs, Des- mond testified that under the adminis- Daniels’s predecessor, Miss Curtin, the girls were not allowed to wear their hair fluffed up or curled, but had to have it plain. Mrs, Daniels did not care hipw they fixed their hair, “When they were allowed to wear their hair fluffy aad curly,” said Mra, Desi “they became coarse in a 8 PARIS PLANS ALL-NIGHT rere Cabarets, Restaurants and} Malls Open July 14. ¢ PARIS, July 9.—For the first time! five years cabarets, restaurants dance halls In Paris will be granted night privileges on July 14, the tonal, holiday. On the nights of the twelfth and teenth the ‘regular closing hour of o'clock will be changed to 2 in morning. . a —__—__ Henry J. Snook Dies. o WATERTOWN, N. Y., Juty 9—He J. Snook, sixty-six years old, Treasurer, died suddenly at his h here at midnight. Death was due heart failure. Authorized Exchange Dealers: NEW AND USED BUICKS Glidden M Motor and Supply Co., West 58th St. Po Bay sf -g hf the cylinders. the world. Phone Circle A Hot Spor Chalmers does these—and more Ts saves wear on tires. It saves wear on all working:parts. It relieves vibration. It increases mileage on gas. It starts quickly on a ‘cold day. It runs cool on a hot day, It reduces engine knocks, It reduces carbon deposits. It keeps spark plugs clean for a long time. It gets more power out of gas. It accelerates faster. It rides more smoothly. It is absent of all carburetor and engine noises. All because of Hot Spot and Ram’s-horn. “cracks up” the raw gas and gets it in excellent condition for combystion, like a fine chef preparing an omelet, while Ram’s-horn tosses it gently but with amazing speed into You simply get more for your money every time you fill up the gasoline tank of a It is fast being regarded as one of the few great cars of Hil WN ia Chalmers Motor Car Company New York Branch, 1808 Broadway Corner 59th St., New York City OPEN EVENINGS BRONX BRANCH, 175th Street and Grand Concourse 5550 ot Spot Chalmers. § Hot Spot