The evening world. Newspaper, August 18, 1919, Page 8

ANCIAL NEWS AND PRICES ‘News and Gossip of To-Day’s Market—Present and Pu- ture. Prices. ‘Stock market prices became prac- ly demoralized to-day owing to spread of labor troubles through- he country. Other contributing ni were the sharp drop in for- exchange rates, and the aggres- Government campaign against ty, | The local traction situation has ores home to ‘market aperators 7 Mm & most forceful way the scrious- of the labor problem. Shortly the opening of the market a ie Heyden Chem, Hawa: (it Keel Tex. Nie. States 0. Corp, i dane Culley -Gi Mihi Rint naan Ate ie that public support has been almost completely withdrawn, and just be- fore noon they made a vigorous raid which bad the effect of bringing prices of a great many active issues down to the level at which they were established prior to the beginning of the big bull campaign last February. Steel, equipment, motor and food shares were the hardest hit. Bank- ers seemed disclined to lend support amd shortly before 1 o'clock prices began to meit away. The following list gives the more important price declines registered up to 2:30 P. M. MOTORS AND RUBBER, jf Ht i i i in i 5 fn i ef ty { g 1 change on Italy to 9.29 line per dollar, all new low records. ‘This demoralization in the foreign markets, unless soon cor- ie eroay certain to act as an effectual check against the free ex- of American goods. if 8 ut ralli ed Sortaiued. TO-DAY'S PRICES Sales of stocks totaled 1,214,600 ares. shi CLOSING STOCK QUOTATIONS. Am, Ben Som .. Am. Incomotive Am, imeit, & Mel Ab, Steel Wary |A, Tel, & Tei Co, Apsevods Mining Ah, T aw F, At, Gait & W, 1 Raldwin Locomotive. Bat, & Ohio...... Beth, Stoel B ctf ‘Bktyn Ravid Tramit Rl, Petroteum. Central Leather anadian Pacific F He Sets ate slap Eguggsgsezssys3i titers Limesiiisiitist mii a approximately 50 cents per Poin the|last hour covering of short contracts by professionals, who put out large lines of stock earlier in the were feeb! Prices at the close BANKING AND FINANCIAL, Oil Officially Listed New York Curb | c. Kuarr JnaCo. beveerreuer , in 1918, Excello Tires have passed the ex- perimental stage, The stock in my judgment presents a splendid investment speculation, vr Toraes only ema. reeovery: from ‘te ow. ‘TRACTION BONDS. ‘The strike om the lines of the In- terborough Rapid Transit Co,|,hed little influence on prices of local trac- tion bonds in the forenoon trading. ‘Transactions were light and prices after 1-8, up N.Y, Railways Income 6s were unchanged 2. ird Avenue 5s were 1-4abt4. OILS ON THE CURD. Opened steady. Barnett, 1-8—1-4; json, 11-8—11-4; Amal. $—11-4; Sinclair Gulf, 53 1-443 1-2; Victoria, 2—21-4; Isl. Oil, 63-¢—65-4; Commonwealth, Merritt, 22—23; Simms, +2; Gienrock, 6—5 1-8; 8 1-2—10; Boston Wyo, Basin, 8 5-8-8 Federal, 23-4—8; White Eagle, 22 1- —#4; Queen, 7-10; Burk Van Clev 11-24, Noon prices easier, Commercial) Petroleum, 5! Sinclair Gulf, 63— Tov, Corp. %—23 1-2; Registered 22 88; Golden Gate 3 1-8—8 1-4; Hupp 12 8-4—18; Col, Tire 96 1-2—87; Otis Steel 36 1-2—38; Magma 36-42; @ub. B 15 1-916 1-2; Aetna 10 1-411; Hey- 3; N. ¥, Shipbldg, 54-87; Perfection 1 3-8—1 1-2; Pressman Tire 10 1-2—~11; Cal, Edonta 87-39; Cons, Aris, 1 3-16-- 11 Ledge 1-2-4-3; Boston M. 16—#0; Bo, Am, Gold Platn, 9 7-810 1-4, Noon prices easier. Tobacco Prod- ucts export sold up 1 from the low to $8; General Asphalt 75, off 1; American Ghipbuilding off 11-2; terborough Rapid Transit Te 841-2, off 1-4; Intercontinental Rubber, 20 1-2—22; Otis Bteel, 36—38; Ameri- can Wrapping Paper, 131-2—14 1-2; National Aniline, 45—60, ‘Two P. M., prices weak, Tobacco products, exported, sold oF, at ral. Anil, ;. Packers, 66—~1; phalt, 12 1-2-6, THE METAL MARKETS. Metal Exchange quotes copper, spot, 22 1-40.23 1-8; August, September, 2 1-20.23 November, 23 1-8 a 23.70; 81-20%; January, 23 3-4 Send for Speciat Report TO-DAY! Cons. Copper 6 1-2-6 3-4; Big| * a) ' OKA PRIVATE BUSINESS, ASSERTS KENYON Newark Mayor Urges Govern. ment Control of Foods Before Committee. WASHINGTON, Aug. 18.—Before the Senate Agriculture Committee to-day, the proWiems of the packers, thefr alleged monopoly of preparing and distributing meats and their al+ leged policy of expanding their busi- ess enterprises to the point of con- .| trolling the supply of other foods, came up for an investigation in the hearing on the Kenyon bill to extend ; Federal control over the packing in- dustry. “This is a radical bill, with teeth in it, which deserves the most careful but it js not a governme: d Senator K November, 7.95 04.15; December, 8.00 06.25, EARNINGS. Chesapeake & “Ohio Railway Co.— For year 1918: Met income of $4,437, 607, equal to $7.70 a share on commo: wtock, against $7, Or $11.25 on common stock in Procter —Year ended McKinley-Darragh-Savage M Regular quarter of 3 per cent. able Oct, 1. Electric Co.—Regular 3-4 per cent. payable GRAIN. Range for the day at Chicago: nN. ay High. low, ol “84 BR lias me" 4 Means of reducing the high cost of living were presented to-day by Mayors of several New Jersey cities in testimony before the House Agri- cultural Committee. Mayor Gillen, of ‘Newark, N. J., recommended ernmental owner- ship of all cold. storages; that the Government take over: an< control the car refrigeration rolling stock, now chiefly owned by the A that the Government continue the walé of not only foodstuffs but sur- plus leather goods, clpthing and other commodities, and that these goods De sold direct to the consumer, and that all goods found hoarded by Profiteers be sold in the same man- ner as those now being owned and sold by the Government to the public. Oo I New, Guarantees tums PLAYER PIANOS a FREE WITH EVERY PLAYER: TRolls of Player Music. 1A beautiful Player Bench. {Delivery to your home. WISSNER TO STOKE NEAREST YOU MONEY. ‘Call money. mixed and all industrial collateral 3 1-2 per gent. EXCHANGE. 7” Demand sterling opened %.%, off 1 1-4 cents, a new low, Franc checks were 747 per #1, off 1 centime, and lire checks, 9.24 lire per $1, up 1 cen- time, Swiss cables 5.67 francs bd £: Pesata cables IT MAKES LITTLE DIFFERENCE WHAT YOU NEED— } aad lr contet Wien Sterling A SUNDAY WORLD “WANT” WILL GO AND FIND IT for details of this sate. JOINT ANNOUNCEMENT Nemours Trading Corporation Perfection Tire & Rubber Co. To Automobile and Tire Dealers: Current with this @ contract becomes operative between the Nemours Trading Cerporation, New York City, and Perfection Tire & Rubber Ce., Ft. Madison, lewa, and Wabash, Indiana. Thereby the former becomes the exclusive General Sales Department for world-wide distribution of the entire output of the “PERFECTION” brand of Tires and Tubes. This arrangement consolidates the former existing “Nemours” contract controlling the export trade of “PEREECTION” Tires inte ene universal operation. Under the insistent domestic and pressing fereign demand for “Perfection” Tires this advance solves an economie problem for “Perfection” by releasing its organization forces now engaged in market development te empleyiment of direct pressure in multi- plying production and maintaining the “World Famous” quality of its tires, thus enabling “Perfection” to continue its amaz- img progrese—the marvel of all Tiredom— and step forward to its “Place in the Sun” as the sixth largest and “One Best” tire enter- prise. ; To Automobile and Tire Dealers—likewise the general public—the Nemours Trading Corporation requires no introduction, the antecedent and present control having been for the past century a world-wide symbol of business integrity and adequate resource, : We are assured, and proudly pass this as- surance on to the friends of “Perfection,” that under the guidance of the “Nemours” masterful organization it will make for a brilliant future in marketing “Perfection” Tires wherever automobiles are in use threughout the world. Automobile and Tire Dealers are requested to write for further in- formation in regard to “Perfection” territory, appointments, etc., hereafter to the General Sales Departments of NEMouRS TRADING CORPORATION august-8-1929, fhe WRIOURS TRADING CORPORATION, by em tation in the Directorate of the Perfection Company, Wil) dominete ite moutacturing B cio} ont ite om sales eres ipent on 18 aie-, tribvate Pertesticn produ te wghout the world. Wit the rinanoial resources and distributing facil- ities enjoyed thie Company, maximum cooperation an a oe eeeeeae fe assured aia agents representing the Perfection line. Warehouses ant sorsecn sean Se Padget Caghout ti ted Stetes, ree Mittaian of aii oréere on @ product which ie true to ite nam. . Thie te o merchandising proposit) dealer can artord w overlook and pond enee., on woh no tire we invite oorres-) \ \ TRADING CORPORATI OB ‘) ¢ ‘Vice-President NEMOURS TRADING CORPORATION 151 FIFTH AVENUE, NEW YORK PERFECTION TIRE & RUBBER CO. PRESTON E. ROBERTS, President and General Manager.