The evening world. Newspaper, July 25, 1919, Page 14

Oe awn Ol DULS FLYER OS SEIN LE . aS ME. __ After Leaving Mineola at 8.25. Me, July %.—Lieut, Col. ‘Harts and his crew of four men )@ Martin bombing plane arrived to-day on the second leg of their from Washington around the of the United States. machine left Mineola at 5.25 & M.'and reached here at 1.06 P. M., & perfect landing on the State Grounds. ‘trip was uneventful and we had engine trouble, but it was cold up fm the clouds and my hands ” said Col. Harts, “The flight of miles from Washington with the ‘overnight in Mineola was made 7 hours and 27 minutes of flying Or an average of 75 miles an + ‘The time from Mineola was 4 and 40 minutes.” ‘Col, Harts pians to leave here at to-morrow morning for Cleveland, ¢ the next stopping point on the Ne : Army Men Expect to Make _ Trip From Mineola to Seattle ~~ With Only One Landing. DAYTON, 0., July 25.—Capt. Roy N. left MeCook morning in a Martin bombing plane New York, where in a few days he start on a transcontinental trip to fy Mineola Field from Dayton without Seton. He ts planning to make only one f Big on a the pte tite Aight yer in the “Seartin bomber are ut. be ge Lieut. F. Cerruti 10 HURT WHEN ELEVATOR PLUNGES FOUR STORIES Four Passengers Severely Injured in Accident at Hat Factory. An elevator in the six-story loft building at No. 46 Great Jonos Street fell from the fourth floor to the base- ment early to-day with ten pans ee of the passengers w: severely and one, it may be, seriously injured. The building, leased by Ru- jand & Whiting of No. 6 Beckman Street, is occupied by hat manufac- turers, The injured, all of whom went home, are: John Crogan, forty-five, of No, 605 Columbus Avenue; abrasions of the left leg. Martha Scholl, twenty-one, No. 615 Lecust Avenue, Rochelle Park, N. J. ebrasions of the left arm. Abraham Moskovits, forty, Bast Sth Street; laceratio scalp. Morrie Cohen, twenty-four, —— New Jersey A the intestines and dislocated knee. > DIAMOND MERCHANTS FREED No. of the and Paul Goldmunts, of Goldmunts jamond merchants, of No. trict Court on motion of assistant United States District Attorney Harper. The defendants were indicted for alleged violations of the internal rev- Inwa and accused in civil suits im- portations in the sum of $142,000. Convietion was originally obtain Government, but it was set At the second he assent of quashed the Magistrate House ts Better. o>) baggy of Magistrate Frederick said at bis | No, OTT “hn gal agama OK) brush that will hold its —a reliable dentifrice that will clean thoroughly. recommend a guaranteed Klenzo Tooth Brush TSS Based Crean, DU UULUUTANAADENUTVAUULRECOLDODNDDRSEAOGTAUDUOOT CASUAL HOTTA © LAWYERS CLAS AS COURT FAVOR CHT I GAS CASE Judge Manton Believes Burr Has Right to Appear at Hearing. Strong intimation was given to- day by Federal Judge Martin T. Manton that he believed the city of New York was entitled to have its Corporation Counsel officially in the 80-cent gas rate fight now ‘e'ng waged before a Special Master. While Judge Manton reserved his decision on the plea of Corporation Counsel William P. Burr, he made dt plain that he considered it right that the city should have the oppor- tunity of appealing to the United States Supreme Court for a chance to appear in the hearing. Col, William Hayward, as counsel for the Public Service Commission, and Deputy Attorney General W. W. Chambers for the State, added a word to Mr. Burr's plea, insisting that only the city had money enough to wage the fight against the power- ful gas company. John A. Garver, attorney for the Consolidated Gas Company, argued against the grant- ing of any stay which would stop the present hearing and denied the right of Judge Manton to halt the case. Judge Manton asked for briefs by next Monday, Col. William Hayward declared the Public Service Commission was only trying to hold the fort until the city legally get into the fight, with its resoucers, its various departments and offices. Mr, Burr argued that the gas com- pany was wealthy and using, in its case, even a judge who had granted the aret injunction in the case in 1908, ty a mean to impugn former Judge {acombet" a Mr. Garver. “I mean to say,” answered Mr. Burr, “that Mr, Lacombe is in fia boned yee chief counsel, that he granted the first injunction and that William L. Ransom, formerly coun- oy of the Public Service Commission, 0 Of ir counsel,” "William Chambers, deputy At- torney General, said that at the out- set the Attorney General was under the impression the city was to become @ party to the sult. Mr, Newton, he bsg needed the city in the action for purpose of giving it the necessary maaasis ‘backing. Aside from this, he said, if the city is not a party to the action the “people of the city will be |@ deprived of their day in court to). which they are entitled t He said that the Levisiature had appropriated $50,000 to defray expenses of the seven gas cases. This was en- tirely Inadequate for the appraisal of @ company’s properties which in one enge alone would run as high as 000, He said it is bis opinion that the company had been preparing its case for the last three years while the de- fendants had had but three months. He said that the gas company “had put out a surprise attack on the ANE OF an IN GREAT BRITAIN a Coal Workers Accept Principle Laid Down by Government and Will Go Back. LONDON, July 26 (Associated Press).—The strike of approximately 4 quarter of million men in the coal mines that threatened to paralyze in- dustries, was settled to-day. Ax official report issued after a con- ference held to-day between Premier Lioyd George and the executive body of the Miners’ Federation said an agreement had been reached and that the principle laid down by the Gov- ernment in its proposition had been adopted. ‘The Government proposition, based on the interim report of the Sankey Coal Commission that the reduction of output through reduced hours would be less than 10 per cent., af- forded a Government assurance that piece workers should not suffer any loss in earnings and that the piece rates would be Increased by an ameunt which on the average was found necessary to correspond with the 10 per cent. reduction in hours. In order to carry out this agreement, says the report, it was necessary to fix a definite rage of reduction in working time resulting from the in- troduction of the seven-hour day, and after an examination of the figures it was decided to accept forty-seven minutes as the basis for this calcula- tion, Late in the day, after the reaching of the agreement, Secretary Hodge of ‘the Miners’ Federation issued a state- ment strongly urging all districts at- fillated with the Federation loyally to accept the settlement and resume work. Herbert Smith, the leader of the Yorkshire miners, has kept aloof from all the negotiations, and it 4s not yet| certain that he will accept the settle- ment. Leon Aboutabeekh, a Syrian mer- chant, of No. 130 Pacific Street, Brooklyn, wants his name changed to “Leon Atallah, J han the applicants rather of Cook- it of 4 he one riaicule In the rie this SSantty im 1904. came a citizen o Aster Hetr te Celebrate Seventh irthday tm Adirondacks, Mr. and Mrs. William K. Dick and Mra. Dick's # John Jacob Astor 34, who have pas: the spring and early summer i their country plac Ivlip, Lh 1, have taken Ve) fautkner i camp on the lower St. R the Adirondacks, At venth ptringey will be Seldbrated #00n, ‘AMERICA FORE” THE CONTINENTAL INSURANCE COMPANY One Hundred and Thirty-third Semi-Annual Statement—July 1st, 1919 ASSETS Bonds and Stocks Total Assets. Loans on Bonds and Mortgage. ... : . Premiums in course of collection..... Interest, Dividends and Rentsaccrued. Cash on deposit and in office......... $32,037,706 .00 725,000.00 2,700.00 2,673,439.14 334,590.28 $,235,653.03 - $39,009,088.45 LIABILITIES Unearned Premiums ... ceeeeeees -$14,206,474.72 Losses in process of adjustment...... PRM TURIN. hs Sosbs'ts sc sedenss Reserve for contingencies..........: 1,410,464.70 732,151.37 100,000.00 Reserve for dividend, payable July 10th... Capital. Net Surplus..... 1,000,000 .00 10,000,000.00 11,559,997.66 $39,009,088.45 Policyholders’ Surplus $21,559,99 DIRECTORS WILLIAM L. ANDREWS WALTER P. BLISS GEORGE BLUMENTHAL JAMES C. BRADY JOHN KERR BRANCH F. Ww. F.R. KERT, Vice-President JAMES H. DOOLEY HENRY EVANS F. W. KOECKERT WILLIAM J. MATHESO! DANIEL G. REID OFFICERS HENRY EVANS, PRESIDENT WILLIAM QUAID, Secretary H, W. LARUE, Assistant Secretary O.F.GROVER, Assistant Secretary J. P. HOLLERITH, Assistant Secretary PAUL L. HAID, Assistant Secretary _MAIN OFFICE 80 MAIDEN LANE NEW YORK J. E. LOPEZ, 2d Vice-President & Secretary ILLARD, Secretary ERNEST STURM, Secretary J. A,SWINNERTON, Secretary J.R. WILBUR, Secretary GEORGE M. REYNOLDS SAMUEL RIKER, JR. CARL J. J. SCHMIDLAPP N. WALLACE WILLIAM WOODWARD J. J. HOEY, 2d Vice-President C. E. ALLAN, Secretary J. F, CUNNINGHAM, Auditor Managing Branch Offices CHICAGO, MONTREAL, SAN FRANCISCO SHIFTING SCALE MINERS SETTLED OF FARES URGED FOR STREET CARS ees ae New York Expert Also Favors State or Municipal Regula- tion of Traction Business. WASHINGTON, July 25.—Repre- sentatives of Electric Railway inter- ests to-day completed their testimony before the Federal Mlectric Railway Commission. Featuring the final day's testimony ‘wes a concrete plan of relief of- fered by Harlow C. Clark of New York, editor of a street railway men's Magasine, who has made an inten- sive study of the financial situation facing the country’s traction systems. Included in Mr. Clark's recommend- ations were: Immediate temporary relied by in- creased fares, subject to revision later; adoption of a plan for the permanent conduct of the street rail- way business, under State or muni- cipal regulation, this plan to include machinery fur determining a just re- turn, based on the interests of both investor and’ public; establishment of a system of charges for service by which rates would automatically increase and decrease to meet new exigencies; operators to be permitted to share in the earnings, establish- ment of the right of governmental agencies to purchase the utility should it desire and relief of com- panies from special charges and as- sessment such as paving costs and 80 forth, James L. Quackenbush, counsel for the Interborough Company of New York, testifying before the commis- sion yesterday, declared: “Unless we can get an increase in fare between now and January, means a receiver for the Interbor- ough. If you are going to do some- thing, get busy. Put a little oxygen into the patient and then if a major operation is ni perform it.” He declared the District Public Service Co! had “completely failed” in its duty to be an impartial tribunal between the industry and the public. Taking up the present condition of the Interborough, Mr. Quackenbue! said the company on Jan. 1. would be $5,000,000 short of meeting its fixed chores os a 5-cent fare. He declared ere had borrowed to its rg nothing beyond f possibl “if we scrape t) Ww joa By $ ooh tel 8-cent fare in Now York, 1 cent to go to the city to enable it to cant fixed downed eee * on its interest in th: also there should “tgs @ rea- sonable adjustment on surface lines where inordinate profits might be made on such a fare. BAY STATE:MAY TAKE OVER ALL ITS ELECTRIC LINES Gov. Coolidge Appoints Commis- sion to Study Public Owner- ship Plan, BOSTON, July 26.—The Legislature which ended early to-day adopted yesterday an order for a commission to investigate the street railway sit- uation and report upon the advisabil- ity of public ownership. pili dle eS ARMY BALLOONIST MISSING, Disappearance of Clayton E. Hope ‘ Is Ani ed. The War Department announced to- y that Clayton Emerson Hope of Willimantic, Conn., recently discharged as @ private from the army, has strangely disappeared. Hope, who served with the 69th Bal- loon Company in France, was honor- ably discharged May 19. "He had pre- viously written his mother that he ex- pected to be home in oo ‘Twe Dead, Four Missing tn Manches- ter, N. H., ire. MANCHESTER, N. H., July 26.— Two persons are dead and four others missing following @ fire which stroyed two t nt houses early to-day, The damage is estimated at $100,000, EMPIRE RESULTS, EMPIRE CITY, Yonkers Yonkers, N. ¥., July HT .CE—For two-year-olds; felling; puree, SG” five’ toriongs.-- Bright Gold, 12 (Schuttinger, 2 to 5, out and out, first; Brutus, 108 (Pita) 30 to ind 8 to 5 second; Acid Test, 166 {rienereeky: Tig 48 to dana tio d third, Time 1081-5. Pokey Jane and Bread Line aiso ran. ——— EMPIRE CITY ENTRIES. RACE TRACK, YONKERS, July to-morrow's races RACE — selling; about alx Grimaikin, 11; dock L : BMPIRE WALL STREET News and Gossip of To-Day’s Market—Present and Fu- ture Prices. ———— ‘To-day’s stock market contrasted quite sharply with recent sessions in that trading was orderly and price | changes comparatively narrow. Un- til well along toward the close it seemed that the new long string of successive milHon-share days would’ be broken, but a spurt in activity in| the last hour carried the total of transactions slightly over that mark. | oat There were no fresh news develop- ments of financial importance. Lack- ing new developments, both bulls and bears seemed willing to adopt a Mi- cawber-like attitude and wait for something to turn up. In consequence of the unexpected suspension of the usual extra dividend ‘by the Bethlehem Steel Company yes- terday most steel stocks had to con- tend with renewed profit taking early | in the session, but this was soon ab- | sorbed and steel stocks then showed | fractional advances over yesterday's closing quotations, ‘The small amount of bullish aggres- siveness displayed was confined prin- ctpally to the shipping shares and Particularly Marine preferred, But Atlantic Gulf Marine common and American International all made @ firm showing. attempt was being made to lift rail- road stocks, but while most of these issues managed to score advances the attempt was mostly unproductive of satisfactory result. Every day there is heard in the ing care of the railroads following first of the new year, It is nearly everywhere agreed that there must be some form of government guar- antee of earnings or of interest char- ges until various properties can regain at least a part of their old financial prestige. ntil definite plans along these lines are drawn up it is extremely improbable that railroad shares wil) gain m popular favor. The price tendency at the close was uncertain and more or less ir- regularity developed although most changes for the day were in an up- ward direction, ‘The money market continued to be comparatively easy with loans on mixed collateral being made as low as 61-2 per cent. and on straight indus- trial collateral at 61-2 per cent. ‘Curb Lists Grand Pacific Copper. The New York Curb Market Asso-' ciation has admitted to the ist the 2,000,000 shares (par 31.00) of the Grand Pacific Copper Company, Of this stock there are 1,242,000 shares outstanding. The company has no bonds or funded debt. The property is two miles from the Magma and has been operated for about three years. Trading in the shares is to be martes nent Monee. next Monday. WIFE OF ANTON EHRMANK, FLORIST, BURNS TO DEATH Clothing Accidentally Caught Fire | From Water Heater in Home at Passaic, Mrs. Anna Ehmann, wife of Anton Ehmann, the florist at 34th Street and Broadway, was today burned to death at their home, No. 292 Brook Avenue, Passaic, N. J. Mr. Ehmann and his two sons, Will- jam C. and Louis C., had just left the house ,the former two to look over the home of Mrs. Marble, a daughter of the florist across the street, while Louis Louis ieft for the store in New York. After inspecting the hause the others saw smoke coming from the kitchen of their home, i Ne og jouse they found the Running to the y envel to St. Sarvs ‘8 Ay terval ot hen fla: set Sothing. “Bh by a dion Sheree Se died shortly dt. FORMER BROOKLYN MAN SOLD RED PAPER IN RUSSIA Lusk Committee Witness Says He Openly Declared Himself to Be aneAfiarchist. ’ Ven Svare, a Cleveland lawyer, who, as a member of the Czecholovak Com- mission was in Petrograd at the over- throw of the Kerensky Government ba the Bolshevik, testified again to-day before the Lusk Legislative Cammittee which is investigating seditious activi- ties, The witness produced a copy of a peper, ‘the Sivinsky Anarchist,” which he sald he bought at Krosnoyarsk from & man who o) openly de declared himself an Anarchist an: had formerly lived in Brooklyn. An extract from an article he translated as follows: “There is aot a single large city in America w there is not a factory or € maine where othe. bleed of our working bro! has flowed, who have Sled in the siruegle fo better the lot of the The Examiner-in-Char, States Employment Servic Second Avenue, Brooklyn, writes to @ friend on the staff of The Evening ‘World a letter from which the follow- ing paragraph is taken: "T want a job £5, n ensign, naval aviation, who loft ertmout College to enllet in the service, He wants ce in a commerel: ‘At one time it appeared that a new] 1; financial district a new plan for tak- |. their return to private control at the - QUOTATIONS CLOSING 3 P. M. Net, Ch'pe. ttl tth Brook. R. T. Cal, Petroleum, Central Leatter. "Canadian Pacific. . Chi, M, & Bt. P, ‘Chino Copper +++11+l s #eeetFe cveece Com Pred, Oo, | Crucible Steel | Brie bol rg Lp leet+ ¢ # Fever *® teil 1 +t . weeresrcr ae eee ee FRE 111% 47 HN + wy [++ lee bleelete +1 0, up .06; Ist 4s, 94; 2nd up .06; Ist 41-25, 95.90, off 8 95.04, off .10; 4th 4 1-48, TO-DAY'S PRICES Total sales stocks, 1,039,200 shares. OILS ON THE CURB. ‘The opening was strong: Sequoyah, 5-8—11-16; Sinclair Gulf, 57-871 Savoy, $1-2—10; Intl. Pet. 311-2— \Wostern States, 4 5-8—47- Royalty, 15-8—-13-4; Queen, Burk. Van., 2—21-4; Boston Wyo., 65—67; Simms, 32—321-2; Cos- den, 111-4—113. Omar, 6-65; Midwest itet,, 179—181; Ranger, 1-2—5-8; Victoria, 2'1-4—2 Sinclair Gulf, 5771-2; Shell Trans., 751-476; Boone, 9 3-4—10 1: Ol, 73-8—7 1-2; ‘Sapu Federal Oil, 3—31-8; 261-2, NOON PRICES STEADY. Sinclair Con., 69—1-2; Sinclair Gulf, 571-2; Elk Basin, 9—1- 581-289; Simms Amal. Royalty, ‘Transport, 75—76; Cities Service, 46— —11 1-3. ulpa, Merritt, 26— CURB. Opening strong. Sin. Cons. 59 3-4; Tob. Prod. Ex., 37 1-2, up 1-2; Asphalt, 9C, up 2; Houston, 130, up 2; Ald. Pkrs., 60, up 1. “NOON PRICHS—Steady, Tobaceo Protiucti export, sold 371-2, up 1-2. General Asphalt was steady around 891-2, Boat, 181-2 to 191-2; Interconti- nental Rubber, 24 to 25; Cramp, 200 to 210; National Aniline, 49 to 51; Al- lied Pacekrs, 591-2 to 601-2; Peer- less, 44 to 47; Aetna, 101-2 to 103-4. The close was trregula: tinental Oil, 49 3-8 up 88; Houston, 1 up 2; Com: Ptr. Simms, 32 off 1; Sinc. Con., 59 ott 3-4; Cramp, 204 up 4, MONEY. Call money, mixed collateral, lend- ing and renewing at 6 per cent; in- dustrials, 6 1-2 per cent. TIME MONPY. Borrowers are bidding 7 and 71-2 per cent. for time loans for all periods, but little new money ts in evidence. A few renewals have been made at 7 per cent, on all industrial collateral, Odd-lot houses are bid- ding 8 per cent. for time funds, but their requirements have not met with response from lenders. EARNINGS. Buffalo, Rochester & Pitts., 34 week puis, $280,767, dec., $146,202; from Jan. 1, $7,282,308, dec., $2,701,020: Canadian Pacific—Third week July, 3,202,000; increase, $558,000, From Jan. 1, $8,444,000; increase, $6,159,000. General Chemical Company—Report for six months ended June 30, 191), shows total profits of $3,090,432, against $5,502,468 in same period of 1918, DIVIDENDS. ‘The Semet Solvay Company de- clared the regular quarterly dividend of $2 per share payable Aug. 15 to stock of record July 31. The By-Products Coke Corporation ——___ ANKING AND FINANCIAL. AL BA lel jernor’s Island to-day. declared the regular quarterly div- idend of $1.60 per ghate, payable Aug. 15 to stock of record July 31. The General Chemical Company 4 ag? the regular quarterly dividend 2 2 per cent. on the common stock, payable Sept. 2 to stock Aug, 21. x a special meeting the Manati Sugar Co. declared an extra div, of 5 pe, on com. stock payable in com. stock, an extra div. of 21-2 pe. pay- able in cash and reg. quar. div, of 21-2 pe. payable in cash. GRAIN CLOSING. Clone. 10514 on] 2 Hie 18 Swift & Co. subscription rights expire Saturday. In view of the small amount of rights sold in the open market, it is expected most of the shareholders in- tend to subscribe to the stock. ‘The Anaconda Copper Company has closed its zinc plant at Great Faits, Montana, because of large stocks of pare on hand which do not find a dy market at anything like reason- Sbly’ fair, prices The Sweets Co. of ed, made arrangements wi fe! Stores for the fai of he. aa 8 ‘Company. ‘he Manati Sugar Com, ranged to call all Its outstanding aes: at 110, Holders will be given a9 @ppor- tunity to convert. thelr, bonds into. stock prior to redemption. also planning to issu scribe to new common N. Y. INDIAN CHIEFS MEET. ‘= of Oar- © om Scott Reope: liste School. SYRACUSE, N. Y., July 25.—The campaign of the Indians of the astern States to secure the recpening of the Carlisle School for Indians by the War | |Department was started here to-day. Chiefs of the various New York State |tribes conferred with Indian Commis- sioner Hugh C. Scott, retired Major General, U, . A. in an effort to secure his pil The school was closed following the declaration of war when the War De- partment converted the buildings into army hospitals. Denies Recount for C. M. Byrne. ‘The Appellate Divisior of the Brooklyn Supreme Court to-day af- firmed the decis. > Crooeey denying a recount to Charles M. Byrne, who, on Sept. 3, 1918, was de- feated for State Committeeman of the Kighth Assembly District by Patrick Dimond. Cro led that not sufficient facts werrent a judicial review of the ‘The decision of the higher court, = The Marine Division picked up the body of an unidentified man off Gov- He was about forty-five and was five feet nine tn- ches tall, and weighed about 175 pounds. He had brown hair, was clean shaven, wore a blue sult, white shirt, white underwear and brown shoes and socks. The body was taken to the Manhattan Morgue. BANKING ANO FINANCIAL, Bethlehem Motors Full details regarding breed new combination in motor or industryincluding capitalization, history, Present business and pros- pects. International Petroleum behind the recent of this issue? capi- talleatien affect dividends adversely ? ‘omprehensive articles these a stocks and a score 7 othere in thia week's The Market Annalist.” Copy free upon request fer 36—~ SCHMIDT & DEERY Members Consolidated Stock Exchange of N. Y. New York Offices COPPERS We will furnish me ihe Se eee eng Sa SHARON DAVIS DALY MAGMA NEW CORNELIA ND, 8 oe gi mri ES & Sobicrr’ ‘YOUR Bustos CHARLES A. STONEHAM & CO, COPPERMINES CON. ARIZONA Lad LEDGE BROKERS, a ROAD Ay NEW YORK. 1908." NO Fromotions Tobacco Products Export Corp. This latest subsidiary of the famous Tobacco Products Co, is destined for a remarkable corporate and market career. Our special analysis, carefully prepared, will be distributed to discriminating investors who are interested. L. L. WINKELMAN & CO. ort i STOCK BROKERS Has a Little genom ledge off the t Ger- 44 Broad St., New York Telephone Broad 6470 ~