The evening world. Newspaper, August 14, 1919, Page 12

| ce comprises a. great a ‘Get wel f aaa that a conducted Including’ practically all the men and women employed by thofe systems, are controled by company officiais and were formed for the putpdse of avoiding an issue with the Amal- the 1 ah Pre Inventory Clegrances _ Summer Ficks—Bathing Dresses in the by com t y compa: members of gays the so-called (Opatioued trom First Page.) ough’s raise of 10 per cent. In wages and Receiver Hedges's reqv Judge Mayer of the Yederal Court 10 per. cent, granted to al! employees of the New York Railways Co. is & threat of jm strike of iy employees in Mai m at daybreak next Tuesday morn. ines Demand for recognition of the union, 15 cents an hour for motor- men and conductors and an eight- hour day will be submitted to the companies om Monday. , el wAny statements coming frorn off- these brotherhoods.” “are really statements coming officials of the companies not sure that they oMices of pany lawyers and ny stenographers on y typewriting machines, . “Here is the actual situation, Mor than 60 per cent. of the men and women employed on the cars of the Interborough, the New York Rall- waye—tho green lihes—and the Third sthe red «ln ¢ Arpulramated, fact that Judge. Mayer and ryice Commissioner Nixon of unce té-day that when he cal ‘we didn’t have ten of| our organization. increase be ated and sub- {om begin- day. If atrike. will be called.” the strike if demande ‘are pot mét ® the Bronx said to-: ‘The letter in part sent by Connolly, Acting President of the Interborough Brotherhood, to the members of the organization was as follows: oni) “The financial re not, com- have done the m ‘Weat of Fifth Avenue . , “The raise’ of 10 per cent. ie not sum- cient and further relief mu.t be had as quickly aa it is possible to obtain it with justice to all interested parties. NO HOPE HELD OUT FOR PROPER _ WAGE SCALE. condition of ‘the compagy does not hold out any hope ot @ proper wage scale, and we must seek relief of the public, “The oftigrs of the Brotherhood erything in their power to lay our arguments before the rep- ‘ysentatives of the public, but falied to recelte even courtesy at the hands of loipal authorities, representatives of the State are treat- ing, with persons who are not con- negted with the employees, the com. or the public of this city, 6 time Is here when our organi- fs @ true étatement, Anticipating hao must drop attempts at co-op- denials from General Manager Hed-- eration, which have resulted only in ley of the Interborough FRIDA\ ‘ _ Coats—Millinery ~ Reduction in many instances are half and more than half of original value. _ Final Clearance of SUMMER FROCKS. For Women and Misses’ ‘ Webs $4.29 to $8.75 i oo he cpg MICHIE Cer NS Were $42.75. cs a ’ Were $10.75 to $14.75 49.50 37.50 29.95 Pa iebeethines tone OID Were $32.74 10 $39.74... 4 Sweeping Clearance of WOMEN’S COATS Oe ag by models in Taffeta nef Silk Poplin;\regular and extra sizes in the lot—36 to 50 RRP Yr over 15. 00. BATHING DRESSES AND ACCESSORIES Marked **way below.” All sized in the lot—not at each price; Ba’ | Destoes — wore were $13.50 and $15,50.. to $25.00. . $1.40: 5. eas 2.86 thing 3.36 hel cones 14,75 6 75 Bathing Shogs and Slifpere- a were .68 to $1.15 : Bathing Shoes and Slivgore—: were $1.96 to $2.94.,,.., Bathing. Garters— Radical Reductions in Trimmed and Ugtrimmed MILLINERY |’ TRIMMED HATS ‘Choice styles in dies, tailored and sports penta -emast timings, desirable colore— » Were 85.05. 4.94 1.86 95, 57 *. UNTRIMMED HATS Afternoon . and Evening Dresses Greatly Reduced variety of styles in Georgette Crepe, Satin, Taff street and evening fae 4 3 i 2.74 * 3.74 .. 8.74 49 98 14 ana (34 Large and medium styles, Georgette and satin Were $2.87... tone Panamas—-were $1,57 and $1.87... Wn BBA hy } WORLD, TH Arba — A \ ial s ppm to the compensation to énabje tn to niet the Public increased coot of the commodities of cially tite and,back those demands by de- lied termined drastic-action which will, tie sttike in Brooklyn we had ‘7,900 being to us the attention of those who of the 10,000 persons working on the are interested in Keeping these lines care enrolled and Receiver Garrison inpisted throughout the strike that per cent. “The fact is that Mr. Hedley and ested in the Amalgamated Associa- iver Hedges are either as ig- ae it of the strength of the union &8 workers of the City of New. York a Receiver Garrison was or they are not living wage. We telling the trutf when they talk aboyt of conducting operation, “It seems to us that the present “City Administration is more inter- tion than in giving the Transit ‘6 perfectly capable our own business, and we will not permit the Amaiga- “At & o'clock to-morrow night ® mated or any other outside orenarees) meeting will be held at the Lyceum tidn to interfere with our legal rights, | in Bast 6th Street,mear Third Avo- nor will we permit the masagement | nue Which wjll be attended by all the of the Interborough Rapid Transit) urlonized employees of the Inter- Company to deal with any other or-!a downward trend to-day, There was boro subway and élevated lines and ganization than the Brotherhood of an early-attempt on the part of poolg the green and red surface lines or|Intérborough Rapid Transit Company to work up @ new public following. their representatives and this meet- employees. ing will formulate demands to be! Union leaders age ove J the hg eal presented tu the companies on Mon- Povo gy of subway, elevated’ carmen in attan continde enrolling members of the Amalgamated Adsociation, despite per cent. increase, Federal] Judge Mayer wrote to ‘Frederick Royce, General Manager for {the receiver of the B. R. T., to-day, directing him to receive a committee of employees who‘ will present demands which led up to the it strike. ‘hie step was taken after the checking up of a list of 7.900 | union employees out of a total of 10,000 men and women emplayed on the cars of Brookiyn. Close watch is being kept by Fed: eral Judge Mayer on the possibility of a strike in the Interboroughgand New York Railways Companies. While Judge Mayer declines to dis- cuss the situation it is known that he views the conditions in Manhatt: in an tirely different light to that existing among the B. R. T. employees, In one case the Amalgamated As- sociation successfully worked for or- ganization among men whose local body was mor&, or less chaotic, In the other there is local organtzation, in which . 2 oe ta be absolutely ssatisfied. Brooklyn the Amalga~ mated fone fertile fleld for organiz- ing and establishing a branch of the organization, while in Manhattan more than % per cent of the car employees belong to thelr own Broth- erhood and protest against what is termed outside interference, sonally studied jaws of the Brotherhood in Manhattan and is said to be convinced there is no 'n- centive or reason for the planting of discontewt just so that the Amalga- mated may broaden its activities in hithérto forbidden ground. Judge Mayer, it was to-day learned, has been shown that less than 10 per cent of, the Manhattan street ~ail- Way mon belong to the Amalgamated, RECEIVERSHIP FOR 1. R. T. ” SEEN BY NIXON UNLESS IT GETS FINANCIAL AID WASHINGTON, Aug. 14.—Munt- cipal ownership of the transporta- tion system in New York City, certain to come “In the fulness of time,” Commissioner Lewis/Nixon, of New York, told the Federal Electric Ratilways Commission to-day in re- reviewing the financiat condition of the New York traction lines. As an immediate remedy, he said, a con- solidation of all the underground, ele- vated and surface lines under the control of @ single holding company was advisable, . As matters now stand, the Com- missioner gaid, the Interborough Rapid’ Transit Company will pass into a receivership before the fitst of next year unless means to meet its operating expenses can be founds The Brooklyn Rapid Transit Com- pany already is in the hands of a re- ceiver, but the Third A'venue System, he sald, appears'to be “getting along all right” for the present. \Nllldadiee GENUI lida i dere) Papa» Diamoxos OUR 40TH YEAR AUGUST SALE / Carats Se ORROW AND FRIDAY st shal nm mle @speckal madre res NS nd ‘tl iy and 4 Carut too sh dhamwe Key Ruarantged. fo nQeun welait a Be tere tobe with the =, a eh riuiant es | chee ‘ ete an cag we make auch wn \ SA org niers filed’ f offer ft remittance accom~ MARKED-DOWN SPECIALS 20 Rood specials a» an inducement to ot \ “our GUARANTEE Diamonds purebared from us o wot full value oF retu fs hin one year of date BGUTTERS SONS Tr ANASSA SAU STicuimesst 7 OMASSAU Stiveccare NASSA AU Lis that they will) from ab.as to| ports they mi rm SIRET | News and Gossip of To-Day’s | Market—Present and Pu- ture Prices, ‘Thiss proved’ unsuccessful. Pubtic buying, according to commission houses, was inconsequential. Bears were quick to take advantage of theft ;OPportunity. In+the last hour they made a vigorous raid on the market Prices receded without evidence vf supporting orders. Losses extended" from 1 to more than 4 points in lead- gree o |ing active issues, ‘What encouraged the tear crowd | Was indisputable evidence of a thin market in the highly speculative stocks that ently have scored sen- sational gaing under the stimulus of sion while most of the list was yet displaying a firm tone, such stocks as Jewel Tea, Homestake Miiing, Stutz Motors, American Sumatra and Several others were recording losses ‘ranging from 3 to more than 6 points. | The action of copper and railroad stocks suggested quiet though per ent liquidation. In so far as railroad shares are concerned this can easily be understood, In the case of'copper selling appeared to be due to lack of demand forthe metal. Big producers | have “pégged” the price at 23 1-2 cents per pound for future delivery. Consumers refuse to pay this price, Andependents are making small sale: as low as 22 cents per pound, The opinion that the big prodycers will have to remove the peg from the market is becoming a conviction in well posted quarters. The particular object of Tear pes- sure seemed to be U. 8. Stecl. It at one time was able to show an ad- vance of half a point. over last night's final price, but when the bear raid started in tHe last bour it quickly broke ground and dropped below 10?. Other steel shares feil off in sy: pathy despite highly favorable trade reports. Loseds in the active speculative'| . wi Stock market prices again showed manipulative effort. Early in the ses-' CLOSING QUOTATIONS, _ nee thy rm = 18) + a4! — 1%! -—% — 4% —i% -1% won <1 =~ 1% 3% —1% « Me ™ * * wre PERL ELEat ergs % * -2e ~ 1% is | Lew \eilemt Cowper... 1% | {Midvale Steel.....4 50% Mo, Pacifi 8- % N. ¥. Comteal, 12% — 1% N.Y. aN, H. 1% + % Souther Pacific . o- % Pennsylvania RE. 4% 4) Pitts, & West Vr Mi 324 Bay — is Reading — 1%! Siriait “On * =e = 8 | 0, Tem Company 2 235 288 ‘ | Tetacco Products .. 100%" 100% 101 — 2% herd Parc 19% 1h) La 8, Ind, Akowol 188 120% 12 (U.S, Rother... 10% 128 1 JU, 8. Seow ...... 108% 101% 101% LU. 8. ster aa 3 618 ze Utet Cocner 58% HN 8 . | West. Bo & M 5% WN % LIBERTY ,BONDS, « | Ld 445) ott 8; 2! 95.00, up Victory | i |41-48, 93.80, up 4; 4th 41-48, 33-48, 99.82; 43-48, 99. 78. 4% NOTES. ‘The Stock Exchange has admitted to the list’$6,891,900 7 per cent. second pre- jpany certificates for cumui referred stock of jative 7 per cent. Steei ‘oundries; temporary certificates for $5,960.20 8 per cent. preferred stock of Kelly-Springfield Tire. Co; temporary certificates for 2,000,000 shares common stock Transcontinental ce ny, without nominal or par value; $2,000,000 capital stock (10 par) of Merchants stocks soon amouhted to 3 points or more. Atlantic Gulfsbroke more than 6 points, Wilson & more than 4 points, Central Leather about 4 points. Aside from trade reports, news de- velopments of the day were colorless. Money, however, showed a better Gime loans were made at 6 per and call rates dropped as low per cent. Transactions again failed to cross the million share mark, Further: evidence of the fact thet stock market pools are not discouraged at the labor and industrial outlook was found in the action of prices at the | opening of the Market this morning. | Equipments, oll, tobacco and certain of the independent steel shares ‘were taken in hand and soon recorded gains ranging from a point to more than two points. . Courage of these pools is largely de- rived from the improvement in the labor outloof. It now seems likely that strikes which threatencdl a week or #0 back will not now occur. - | Western shopmen arerreturning to > ork, little or nothing is now heard of new wage demands by employees in the big steel centers and the Rail- road, Brotherhoods are much less | belligerent, Furthermore,. the cam- paign” against profiteefing gives initial promise of prernne healthy results, Big earniyes and. prospects of “melon” cuttings is the bait attract- ing stook buyers, Most big industrial companies whose securities are listed ;Unprecedently big earnings, and in spite of labor disturbances their out- look could hardly be better. The sur- plus of these companies piled up in the last year lends strength to the charge that thére has been piratical profiteering. Public interest in the market has fallen off, temporarily, at least, and one of the reasons for this is that ‘there apparently has been an orgy of unscrupulous profiteering in Wall Street, ° According to commission houses certain of the specialists on the stick exchange have been reaping a. har- vest, not so mruch on legitimately earned commisisons a# on the differ- ence between the prices at which they buy and sell stocks und the r @ to their principa’ For instance, according to these com- t= | Mission Be uses a specialist ts given an ord bay 500 shares of Oyster ‘at ‘he market.” The market When the customer order Oyster ticker at 97. Soon after it rugs up to say 100 1-4. It possibly quickly reacts to 98. The customer after much neces- sary delay notified that his stock ‘ag purchased at 99 8-4, ‘This is only one of many instanc in which floor specialists have been criticised, Often times such criticism is without real basis, Frequently: it seems wholly justified. At any rate commission houses have lost many customers who have become disgusted at the bad | treatment they believe they have re- ceived. home on‘ the pretest that a rope wa needed *with which to tow an automo bile that hid broken down, Dean Trabbic, Deputy Sheriff of teh. was shot and killed from am Fy by Y four men at an early hour this morn- city. na jing. _ Tole rum runners are sus ROTABLIOHES iare pecies, on the Stoek Exchange are piling up) National Bank. the ‘asnerican Locom Co. At 0 tive $6, hat Wittiam mnt Wooain and Wr toon: Amer! the place gened,. Mr, Rober Geo ge "Sheldon, deceabed” George PART OF FLATBUSH DARK TO-NIGHT,- SAY STRIKERS Fitters in Meter Shop ¢ of Brooklyn Union ‘Gas Strike and Others Join the Walkout. Between 500 and 600 fitters in the meter shops of the Brooklyn Union Gas Company failed to report for work to- Gay. These men are employed at in- staljing meters and ranges, and the company sald the strike would not im- pede the service greatly. In a statement the company explained that an agreement was reached with the men last. October that established six grades among:the strikers, with wi at from $3. to $4.4 a day. Now the men demand from $4 to $6 a day, and this, the company said, It cannot pay. Tonterdhy an increase of 25 cents a day) was granted to all employees, but the strikers maintain this is not a suffi- cient advance. Union leaders said some jobbers, lamp trinmera and helpers in Flatbush had joined the walkout and that as a result parts of Flatbush would be dark to- night, Leptantpnaipenctiia AUTO TRUCK KILLS WOMAN. Held fpr Ho An unidentified woman about “sixty years old was killed at Seventh Avenue and Barrow Street to-day by,an auto truck ‘of the Herman Chemical Works, No. 280 Adams Street, Brooklyn, deiven by Henry J, Putters, No. 61 West Sixty- eights Street, Putters is held on a charge of homicide, * Putters continued in his machine after the aecident os far as Greene and West Fourth Streew. The driver of a Patroiman Huber, who arrested Putters. ee COP LOSES’: PRISQNER. Raymond Keegan, who twenty-six, aid he had no home and who was ar- rested at 119th Street and Second Ave- nue Tuesday on a charge of suspicion of burglary, escaped from the Harlem Court room @ few, hours after. his ar- west, It became known to-day. Keegan's case was last on the dooket, and the prisoner, under guard by Pa- trolman Link, was waiting in a corri- dor just outside the court room. /The patrolman stepped to the rear of the corridor man unguarded and he fled eet | 2 DBAD, 40 HURT IN.CRASH. B. & 0. Locomotive Hits Street Car With Ponto Party, MARIDTTA, ©., Aug. 14\—-Two are dead and between thirty and forty in hospitals as @ result of atcrash Be- [Demand sterling eased to $4. ery wagon behind the truck pelted i ee san MENA iil 1,006,900 shares: Total sales stocks, ol on THE CURB. ned —_stefdy. Amalgainated Pr 1 1-44 Barnett Oi, 1-81-4; Simms Pet,, 81 1-482; Com- monweal Pet., 56—59 1-2; Oll, 2-2 1- Sinclair Guilt, 68 3-4—/ 541-4; Barnett, 1-8—1-'; Merritt Oil, @2 3-4—23 1-2; Vulcan Oi), 12 1-2— 18 1-2; 45 1-4—45 1-2; Cosden, 10 §-8—10 1-; Shell Fransport, 67 1-2—-68 1-2; Sin-; clair Cons, 538-454 1-4; Houston | 130; Hudson Oil, 1 1-4-1 3- , 6 1-2-6 8 1-4; Prod. and Ref. 1-4 % 91-2; Sapulpa, 7 1-4-7 ik Bas’ #—8 1-2; Glenrock Oil, 5-5 ret ton-""yoml:¢, 57—60;' Midwest 2-31-81 Mid. Omar, 65—%; Lance, 7-8-1; Boone Ol, Vietoria Olt, 23 1-4: Western 6 1 . Ol and 3 Two PM, prices, dull. | 5 to 61 Come Petroleum, 581 Houston Oil, 110 to 13 €8 to 69; Midwest Refining, 168 to 17 THE CURB. Opened steady, Otis Stee! 87 3-4— 381-2; Magma $8—42; Submarine Boat 1817; Aetna 10 1-2—8-4; Bureka 1 3-8—1-2—Heyden Chemical 3—1-4; Asphalt 77—80; Hupp Motor 18—13 1-4; Allied Packers 59—60: British American Tobacco Corpora- tion 23—28 1-2;. Registered | 22—2 Colonial Tire 40—41; Delatour/ Reve 22—24; Hecla 5 1-8—5 re fee tion Tire 1 B—1 1-2; ‘Phinp Morris 1%—18 1-2: South American 3-4; Unitea | Profit Sharing 2° | American 5 5-8 —) 77-80; Hupp Motors 13—13 1- Two P.M Rubber, 22 190 to 481 Nat. MONPY. ‘ ferred cumulative convertib! eee : | and $9,872,100 common stock Fisk Haik|~ Call monéy, mixed collateral, 1end-; ber “Com $10, temporary |ing and renewing at 6 per cent.; all industrial 51-4 per cent. - The demand for call money is ligtit. Brokers at 11.30 this morning had $6,000,000 to loan but at that bour none had been made. Banks lost to Sub-Treasury yester- $2,702,000 and ‘since Friday ‘There has been withdrawn from the Sub-Treasury for shipment to 4 South America gold coin. aggresating $53,500, There has also en- xaged for shipment to Gansde coin aggregating $7,850. e Bank of England’s minimum discount rate is unchanged at & per cent, EXCHANGE. There was a amovmt of com- mercial billie in market during the morning and the trend of rates was generally toward lower levels. 1.30 3-8 and recovered to $4.305-8. Lire checks were weak, falling off to lire, per $1, 9.16, which is within centime of recent low records. Franc checks de- clined to 7.86 francs per $1, and mark and Vienna cables to 053-8 and 02 3-8 respectively. Swiss cables were 5.67 francs per $1, peseta cables 19.17 cts., Stockholm cableg 24.80 ¢ts. and Belgian cables 8.10 frafics per $1, sterling cables $4.31 %- Fri unites per $1, cabes, 7. lire units per $1, cables '9,14; guilders demand 37 3-16c, cables 37 5-16c. RNINGS. Pacific Gas and Hlectrié Company. | —Gross earnings for twelve months ended June 30, 1919, were $24,603,406; expenses $16,088,925; net earnings $8,514,480; total net income $9,083,487; surplus after bond interest $3,714,97 surplys unappropriated after deduc- tion of dividends $1,188,373. Western Power Corp., consolidated stacement for 1918: operating revenue $4,644,407, increase $635,854; total in- come $2,995,200, increase $479.7: plus after_gharges $1,260,728, $456,425, si Rubber Com, increase ie Fisk pany, five months ended May 31, 1919, net sales and earnings $16,924,658; net profits after deducting costs, deprec., é&c., $1,983,401;. previols surplus 4,4 5 other income $171,890; total surplus $6,581,214; dividends $449,573; for 1919 Federal Taxes plus $5,784,961. American Stee) Foundries: income account for six months ended June 30, 1919; net earnings $2,970, i $1,216,856; total increase, decrease, $1,0! arpias, $2,005 176, decrease, $963,14 is equal to $3.89 a ‘anare against $17.27, in same quarter of 1918. Kelly Springfield Tle Compan, income account for #ix months end 1919: gross profi®on sales selling and operating ex- provision 680; sure other incomes, = income, $2,053,531; previous au plus after total surplus, . $9,380,962. Colorado and Southern Lines week of August, $497,964. im $98,328; Jan. 1 to Aug. 7, $14,289,083, in- crease $3,285,223. DIVIDENDS. Lawyers’ Title & Trust Co.—1 i-4 per cent, payable Oct. 1. American Express Co, — Regular quarterly of $1.50 a share, payable Oct. 1, Eastman Kodak Co.—Regular quar. tarly of 1 1-2 per cent. on pretecred and 2 1-2,per cent on common ‘stocks, payatie it, 1, Y. Transit Co.—Regular quarter- ly We #4, payable Oct. 15, Union Pacific Company semi-annual of 2 per cent. ferred and $2.50 on common, payable Oct. 1,, PYouthern Pacific Company regular quarterly of $1.50 on common stock payable Oct. 1. regular on pre- both tween a Baltimore & Ohfo switch en-} Union Tank Car Company regular quarterly of $1.60 a share payable PTR ita Copemotive Company | quarterly dividend of $1.50 on com- mon stock, an increase of 25 cents; | sine and & street car at Parmanco, W. Va., this One man dropped dead from exeltement and a baby was killed in the crash. ‘The street car-was Milled with a picnic from Keno, Obio, ss usual quarterly dividend ps 13-4 per Victoria | Citles Service Bank Shares, | dividends Railroad Com: ees on preferred. © au. Hudso’ ft qilar share, payable Sept. BR Range September | Salt, Creek, | A free booklet telling depasii re- quiremenis. ete. THOUSANDS of men to whom the stock market has been strange ground have found this guide very valuable. Gives commis. sion rates, deposit require merfts and how to give ‘our broker instructions in person or by wire ar mail.—“It's no use waiting for your ship to come in unless you have sent. one oul ~Get your copy of, this Book to-day Ask for No. E. W.-608. JONES & BAKER | SECURITIES 50 Broad St. 505 Fifth Ave. O10 rel. M urrayHill@120 A DIVIDEND PAYING AND -PRODUCING COMPANY JAGGERS-} WALLACE® | Oil Corporation-$2 a Sh 20,000 Barrels Monthly | and 8 New Welis Contracted F Three 5% Quarterly Dividends Paid. Nest 5% Dividend October. 5, 1919. ers: Wallac fi just ny wiliin tetou ‘eet ot another 9.000 ba a ut stock ina tuction ax rapla ed now at $2 per share—money beck 4 in 10 days if fe! fied after therough investigation, BANK REFERE ban Enid Eni American Nat'l Wank: * Wieh! ita Falls, Write for Full Information To-day. JAGGERS-W ALLACE|m OIL CORPORATION. Fiscal Offices, ‘S12 Filth Avenue, NEW YORK CITY PERFECTION RUBBER CO. VF YOU investigated the possi. billties of Tire & Perfection Do you know (he details of the oom \H)pany's $56,000,000 contract with’ Key-| tone Tire & Rubber Co, and the ex- with the Nemou What is Perfection’s putential ea ing power and dividend prospects? and other important wues-| lion. about this attractive, k Tire waue, swell are pally write oF telephone for sour A | 42 New St. ne Brond—@016 1 , CALLS iD eBAVe YoU EVER TRADED io gore. tea A castomera re mak f'n the. Mock Matha. Randolph Ress | 50 earner REET, Hose YORK ‘hones pe a ib