The evening world. Newspaper, August 19, 1919, Page 10

of Pennsylvania and prominent publican lender, was arrose: yaater- e copepirins vo ioot th North Penn bank, which cha on uly IE owing more than $2,000, bw. was Comntisaioner he | Geposited $402,000 of the funda ot 's| Ambler It en aniae | mee : Ambler, lt Is aaid, owed the bank " A, Aes: The lunct life insurance com; ‘and then | $168,00 | Prenat eShate Scere de We Wace on HS Hf Gare Ree he account. When Gov. Sprout took office he removed Ambler. “It is our contention,” sald Assistant MI XK J GORKY SLAIN District Attorney Gordon to-day, “that! BY REDS AT ORDER OF Ambler used the bank as an inattument | Berlin Hears Novelist Who Broke With Lénine Is Victim of “Man Killer,” LONDON, Aug. 19.—Maxim Gorky has been captured and shot by Let- tish troops by order of “Jake” Peters, the extteme Red, who was leader of the Houndaditch gang of thieves here in 1911, according to a report in Vorwaerts, the Socialist orgah in Ber- lin, iam Novelint « | Ine After Rev The arrest of Gorky, the Russian novelist and politician, has been re- ported several times in recent months. Born jn 1868, he was successively a painter of ikons, a peddier of beer, a soullery boy, gardener, watchman and baker's apprentice. He visited the United States in 1906. “Gorky’s fame as a novelist came quickly and declined as rapidly. H enlister in the Russian Army in 1914, After the revolution he seemed to be condly with Lenine and Troteky but he quarrelied and Gorky wrote in Mshed in Petrograd: “Lenine Trotaky and their com- rades are already infected with the indolent poison of power.” it despaches from Russia have called “Jake” Peters “the man-killer” and accut him of slaying hundreds of persons suspectéd of fomenting a counter revolution. This “Piping Rock” House will give you an artistic, permanent home of your own at a price no higher than you would have to pay for a medium grade automobile. ‘ It will. make you’ indeperident. of rising ‘4 Miners Want 60 Per Cent. Raise. rents and give you the satisfaction of owning [anu im astracte ine Ce your own home: . femand 2 alsty, per out ‘increase jn 4 o wages a@ sixhour Y wae evidenced H Because of the low price of the “Piping — [Vestionopinci’® '% ‘#rtiatrictcon- I Rock”, you buy it outright, and have no SARATOGA ENTRIES. » é mortgage interest to pay constantly. You Maar sg i own it absolutely free and clear. em lig x ° ' Price Only $1800 ‘ Exclusive of wiring, plumbing and masonry work ; \ ‘Has living room, two bed chambers, kitchenette, bath room, and large attic. f An all. house. Double walls and confined M p alr keep ‘cold in winter and heat in summer. , fe have a of these most attrrictive and sub- } bt ST Ne ‘and erect it on your _ ; Blew bane? brane ronda ate Small extra j Pr mrt tail wo tee the “Piping Rock” at our plant. You interesting. Terms: 25% with order. Balance when house is Feady for shipment. ~ - hice LOOK. RAN tj mat Rack HOW TO GET TO OUR PLANT:._ : US! he Take Grand St: car at Williamsburg Plaza—car passes our*door. LOUIS ‘BOSSERT & SONS, Inc. Street, Ss Track sep Clean, q9 a penn mie "i teh ne Telephone Stagg 2600 eee Tah ‘ . . AMELS meet your fondest cigarette fancies in so many new ways—they are se unusual in flavor, ; so refreshing, so mellow-mild, yet so full-bodied—that ° , you quickly realize their superior quality, and, become ‘ ‘a Camel enthusiast! Camels are unlike any other cigarette you ever amoked. ‘Their expert blend of choice Turkish and choice Domestic tobaccos gives you so many delights. It not assures that wonderful smoothness and re- om but it eliminates bite and harshness! And, smoke Camels without any’ unpleasant cigaretty aftertaste or unpleasant cigaretty odor! : No matter how fond you become of Camels! Smoke them liberally! They never will tire your taste! The blend takes care of that! Compare Camels with any cigarette in the world at any price! ‘ , j “3 |R- J. REYNOLDS TOBACCO COMPANY, Winston-Salem, N.C. . | __ JAKE PETERS, 1S REPORT . companies would dwindle if the we:| of the list, | wark. j| side character.” ;] Noticeable that all offerings at Or! Canadian Pacific, second week of uli later it led the market's recovery. ‘|ment from 2 to 4 points, and even CLOSING QUOTATIONS. Net High, Low, a4 oy eo 73% iy. 90% 18m Go, 101% 100% /@ he News and Gossip of To-Day’s =: Market—Present and Fue | | _ ture Prices. the eee etet There was ‘another determined at- tempt on the part of the bear crowd, which has had much to do with the ‘recent decline in the stock market, ‘to foree prices dowt again to-day. | On" Except in @ few isolated instances \these efforts were unproductive of desired results. The market opened | strong, then momentarily gave way to. the bear assault, but goon recov- ered Maintained @ strong tone to the end of he session, Tobacco shares were subjected to most pressure. George Whelan, the market sponsor of these iswues, sailed for Europe @ few days ago. Coincl- jy’ serine ot dent with hié departure the bear | yer Pedioun crowd announeéd that they would | Mism Copper “break” ‘Tobacoo Producta and | iiirale Git United Retatls Stores wide open.” At|y.'y. Gentrsi one time to-day’ Retail Stores “ex-|N. Y. & N. rights” sold as low an 61. Adding the | Northen Py value of the “rights” the market | hems price would be about 911-2, Yester- | pedivs day it sold at 106 and closed last | Rap. ste. night at 101, Tobacco Products was | Sinclair Oi about ag weak ag Retail Stores. It at |Srmenm Pure, ‘one time sold at 90 142 for @ decline |etuiaker Co. ‘of more than 6 points, but later re-| Tess Company ... 4 covered about half its loss. ag Farge ‘The bear crowd, which is captainea|T™e* ratte... i me by an operator nfeknamed by Wall], s. nateer Street the “Boy Plunger,” devoted a|U, 8. Stee part of its attention to food Gand } ay ed of . leather shares. culated as to how profits of these ee Leeeeteeeteeet se ee eater crak 26 seeces ee a% HERE LESH EE LE Ht et ee FF EEE a1 + 2 ae+ % LIBERTY BONDS. 3 1-28, 99.74, up 2; 1st 4s, 94.00, off 10; campaign against the H, C. L. 1s gressively and successfully COM-| 34 49, 92.80; 21 41-4 93.20, off 6; 3d ducted. American Hide & Leather} 4 1.49, 94.80, off 10; 4th 4 1-49, 98.1 pfa., Corn Products, Wilson & Co.| victory 8 3-48, 99.70, up 10; 4 3-48, and kindred stocks showed early | 99,64, up 4. losses of from 3° to more than 4 points, but Iater recovered in sym- pathy with the strength In the rest BARNINGS, Canda Copper, year 1918—Loes from operation, $19,574; depreciation U. 8, Steel was the market's bul-| of reserves made total deficit $150,587. Brokers reported that buying| Jones Brothers Tea Company—July, of this stock was of @ strong “in-| $1,410,962, increase $230,048; At any rate, it was! months, $9,099,315, increase $1,319,977. around par were quickly taken, and) August, January With the exception of tobacco and| 4,000. food shares most of the recent, specu- lative favorites gave a good account of themselves. ll stocks gained frony 2. to 6 points, motors and equip- $3,298, increase, $689,000; 1, $95,825,000; incréase, $8,- DIVIDENDS. Tonopah Extension Mining Com- pany, regular quarterly of 5 per cent. and an extra of 5 per cent., both pay- able Oct. 1. 2 the rails and coppers showed a firm| American Power & Light Company, tone. regular quarterly of 1™per cent, on General market firmness was more | common stock, payable Sept. 1. noteworthy because It was main- tained in the face of further demoral-| National, Transit Company, an extra ization in foreign exchange. Sterling | Of $2 a share, payable Sept. 15. Pre- dropped to $4.19, francs to 8.08, Ger-| vious extras have been 50 cents a man marks tos sean. and Italian chars. exchange to 9.45 lire per dollar, a new er records. te Fairbanks-Morse & Company, regu- Money ruled easier. Ve | preferred stock, payable Sept. 2. a w Crucible Steel Company, regular paney tor alk onthe at ax per cent. | quarterly of 13:4 per cent. ‘preferred stock, payable Sept. 30. Monday on demand .was obtainanle| Stock, payalle fpr ty scining Com- Sh RUA Bae See pany, quarterly of $1 a share, ‘pay- able Sept. 22. Three months ago 50 ‘The speculative atmosphere of Wall | cents, and six months ago $1 were Street has been greatly clarified by | ald. General Electric Co.—Regular quar- recent pronounced market weakness. terly dividend or ae k Ray pbs It is known that pools are making] Oct. 15, plans for a pew and vigorous - pajgn for higher prices. COFFEE. Sentiment, as reflected by operators} Opened easier, September, 214A; and day to day traders, has. under-| December, 20.304 20,35; March, 20.250 gone considerable improvement. A 20.30; May, 20.20 a 20.25. During the|lar quarterly of 11-2 per cent, on|} Ir a3 TODAYS PRES. Total eales stocks, 1,042,000 shares. .EXCHANGB DEMOK- ALIZED. FORBIGN Trading in exchange was dem alized at the opening. The announce- ment by Lioyd George of the aban- donment after Sept. 1 of extreme import restrictions by the British Government was the cause of weak- ness in sterling. Jriine checks were off 7 centt at 8.06 france per $1 and lire chi off 7 centimes at 9.37 lire per $1; ¢ GRAIN. Swiss cables, 5.69 franes per $1; pe-| Range for the day at Chicago: seta, cables, 19.18; Stockholm, co ln dies, 24.50c; Belgian cables, 8.24 | ar Wiis yale franes per $1; mark cables, 5c, and | Dec wow ag gage Vienta chbles, 2 3-8c; sterling, de- es, mand, $4.19; ‘cables, $4.20; francs, Wy Bhs BE unite per $1, demand, $8.06; cabies, # R 8 + 8.03; lire, units per $1, demand, 9.37; cables, 9.35; guilders, demand, 36 3- 4 + cables, 7c. + BIG REDUCTION IN LOANS. Wall Street brokers’ the last ten ys. On Aug. 8 agi gregate uh tlon mentioned ‘above. The peak of Wall Street borrowings was reached on July 28, when loans $1,760,000,000. "From these stood at figures it will be seen that loan count has been reduced mately $450,000,000 in @ little m than three weeks, OILS ON THE CURR. Opened irregular. Royalty, 11-4—41 3-8; Barnett, 1- 3-16; Commonwealth Petroleum, 57— 58; Omar, 62—47; Simms, 30—30 1-2; Cities Service Bank Shares, 45— Queen, §—11; Boston-Wyom- 23-4—8; Elk 451- ing, 69—~10; Federal, Basin, 8 1-4—8 3-4; 78-8; Stanton, 13-8—11-:; $1-2—10; Ranger, 6-8—J-1; Creek, 55 1-4—-56; —8 3-4; Cosden, 9 7-8—101-8; Gi Sapulpa, 71- rock, 4 5-8—4 7-8; Vulcan Oil, 12—13; Merrit! 120; 6 1! Sinclair Consolidated, 62 3-4—63 1 Victoria, 2—2 1-4. 21 1-4—22; Houston, ‘udson, Ll 1-4; 1 12.80 prices quiet and steady. Sin- clair Gulf 62 1-263; Cities Service B loans now Stand at approximately $1,300,000,000, a reduction of about 10 per cent. during Street . borrowings were about $1,450,000,000 but liquida- tion in the stock markets since that period has brought about the reduc- approxi- Amalgamated Savoy, Salt Western States, 3 Island Oil, 3-4; Sinclair Gulf, 62—62 3-4: eam icn 3 | ids Bre! 1 Baths TM AT ee eb 1 Graphone 43 4- 12+12 1-2. MONEY. months’ money on mixed coll or- Some loans aye being made, but it said the volume is small. are being exercised all industrial obligations. the 35 points but immediately points wheh Liverpool speculative interests sold. the market after the call. ac- Ore | satintactory. . —K—K—K—"“—__—_—_—_ BANKING AND FINANCIAL, — Suppose You Have $5,000 To Invest--- — o— and you wish to en- Joy— —a maximum degree of safety; shares 45—45 1-8; Simms Pet. 30— 80 1-2; Com, Pet. 67 1-268 1-2; —a good dividend Shell Transport 67 1-268; Midwest yield; Refining 164—166; Sinclair Consoli- de ted 52 1-2—63 1-4. Two P. M. prices dull and heavy; Amal, Royalty, 1 1-4—1 3-8; Sinclair Gulf, 52*52 1-2; Sinclair Cons., 62— 52 3-8; Commonwealth, 57 moral “wil Simms, 29-29 1-2; Salt Creek, 54 1-2; Shell Transport, 67 1-2—68 1-2. THE CURB, Opened irregular. Aetna, 101-4— 65—57; Con. Copper, 101-2; Packers, 61-4—61-2; Up. Profit, 25-8—27. —the possibility of a market apprecia- tion in the value of your purchases. There is a simple method used extensively by ex- perienced investors which should be studied care- fully now by intending purchasers of stock, Brit.-Am. Tod. Corp, 228-4—28; “Market Strategy” Registd., 22—23; Col. Tire, 30—33; pa ey ed. svar aat Bis 1-9<6-8; Me, ¥.. Ship, to date; is « free vest Eastern, Ph a pocket booklet which ar) clearly explains this I eigee method and gives several easily understood ex- i amples of how it operates. ter. Mot 84—86; Ist pf ; 2d pid, 6e201; Pac, Dev, 6871-2 Ask for Booklet E.W.-610 12.30 prices qutet and steady. Teter. ¥, continental Rubber 20 to, 2; Otis Steel 35 to 6; Allied Packers 55 to 7; JONES & BAKER American Writing Paper 13 1-2 to SECURITIES 41-3; Magma $1 to 42; Am. Ship. 141-2/|/ gg Brosd St. 605 Fifth Ave. to 5; Aetna 10 1-4 to 26 to & Tob. Pro, Ex 21-2. 2—16 1-2; South. Am. Gold 101-4; Asphalt 74—-76; Heyden Chem. 3 7. Ind. Pack., Am, Ship Com. 33-33 1-2; | Savold 61—58; 356—85 1-2; week ago probably 75 per cent. of the floor members of the Stock Exchange were bearish, To-day the ratio seems to be completely reversed. Big bankers are cofhmitted to the constructive side of the market. The: is much important financing to be done, not only on the part df cor- porations, but municipalities and for- eign Governments as well, and a good stock market is essential. Secondly, stock prices are now down to practically the same level as they were before the bull boom got under way. Gotrinsic values again are @ potent factor. in shaping market judgment, Thirdly, there has been ballt up in the market a large and commodious short interest which, while possess- ing big paper profits, ts far from com~ fortable. Shrewd market observers are of the opinion that a determined attempt to convert these paper profits into cash will, result in a sharp rise in prices. It is argued that this big short in- terest now furnishes the market with an excellent and effective shock ab- sorber; that if prices are to go ma- terially lower news much more un~ favorable than the market hes yot had to contend with must be brought to bear. “inability to successfully predict} where this bad news will come lies in the fact that Wall Street is ®ecoming callous to Fd toreatenes the railroads to laborization of Loree unl and BANKING AND FINANCIAL. | eee = AGE SERVICE if STABIL TY ~ a= exchange conditions, and the more important bankers are be- ° Rock= ginning to belleve that a successful Ye/ a0 ins\ cost of A cam) t the high living will ultimately have ty vel Sor Secure Lavestments healthy influence on the mai _— NEW YORK WOMAN ROBBED. | - ive, Melville $7,500 in Gems, NORFOLK, Conn., Aug. 19.—Rings, brooches and bracelets, valued at $7,500 belonging to Mrs, Charles E, Bigelow and her daughter, Mrs. Ward Melville, of New York City, were stolen during Monday night from the Bigelow sum~ mer home here, it was announced to- day ' BANKING AND FINANCIAL. | Dp. 30 to 8; No. AM. P. & P, 4 to 41-4; Hupp 12 1-4 to . "M. prices dull and heavy, Sub. Tel.Broad 2910 Tel. Murray Hil/T420 NEW YORK Philadelphia Detroit Pittebars) Chicago Direct Private Wires “‘Bomes 10— “Brains and In- vestments” Book . Coupon TO-DAY! Col,.Tire 30—32; at rg RK idee : ti Some institutions are offering six eral at »| 6 per cent, but borrowers do not ap- pear desirous of obtaining loans for this at the asking rate owing to easier call money market. There is @ firm demand for all in- money with borrowers bid- per cent. for accommodations. Renewals it 6 per cont. ‘on mixed loans and. 61-2 per cent. on January, ‘The market at call was up “17 to he foreign selling orders came into the foi jon spot houses and Wall Street bought. ‘The map was considered }