The evening world. Newspaper, August 20, 1919, Page 14

testing automobiles which are a development of war experience. Realizing that the modern motor- ‘Must successfully meet the most riding conditions, the Willys n Company planned and car- Pied out the idea of subjecting the new a it car the company has been for two years, and which, on July 7, ang sted to arrive about Sept. The route being followed Motor rt Corps is that Lincom Highway. the army trucks participating L convoy are three of ti an nd cars, which on the market this season, Company makes no ‘as to price or date of the announcement A A nes oe car w! moderate {and wilt soon be deliveréd to _ Wugene P. Herrman, Prosident or fhe Herrman Motor Truck Co. Bs Kastern Stewart distribu Sensunces the’ appotaimaarrel ¥. B, Hague Company of No,22-34 A New Model of an Old Established Line That Recently Reappeared in New York City EVEN - SEN GB! Ov F S CARLTON MOTORS CoRR, And Sussex Countios and Ruth & barry, re) as Stewart agents for Pas- of service and in Particular all three agencies, mates, ore equipped to natlefactior DURING HORSE SHOW WEEK There pre goven makes of foreign Motor cars among the list of ex- hibitors just amnounced for the an- mua! agtomobile salon to be held dur- Commodore, where the floor will be utilized, in. main ballroom, the vesti- le ahd the east and west ball- France will be represented by the De Dion Bouton, Peugeot and Re- noult; land by the Rolls-Royce, Sidele; aisran nd Ronbeom; & iy. iter. The of the list te made up of the eibmestic makes: Brewster, Daniels, Locomobile, lanna ond Porter, Body ‘exbibiting are Brooks-Os- truk, Fleetwood, Holbrook and Ru- bay. Westinghouse Air Spring Laid- law, 8. Smith & Son and A. Faure are accessory Cage co ME, ib: LUBRICATION THE MOST IMPORTART FEATURE “Many an automobile would be kept from going to the repair shop and many dollars saved by motorists if they would pay more attention to lu- brication, It is advisable to change the oil in @ car after it has been run 500 miles because after that it loses most of its lubricating qualities, ac- cording to experts,” declared George Stowe, President of the Mitch Motor Car Company of New York. “There is no doubt a considerable percentage of cars that go. into repair shops suffer from under-lubrication. Bome motorists become careless in this respect and a stiff repair bili is che result, No car is so good that it 4) will not suffer injur/ through im- proper care, We make It @ point to impress on the minds of those who purchase Mitchells that lubrication is a@ matter that is of the greatest im- portance if they would have their car ready for use at all times. Burned out bearings are not only expensive WUT aE 2'f Bll A HoT SPOT “Chalmers a ES 4 3 Never Says “No” Aiea ii i | OU never hear a groan or a whimper of complaint from this present day Chalmers, It does what you ask of it. It takes a command like a willing servant and responds like a thoroughbred, And it wears well; but in a way that you never grow tired of. not only in its “inner works,” (So many persons want a new car every other year!) The more it runs, the gentler, the easier it seems to get over ground, You will find the underlying cause in Hot Spot and Rams-horn, two devices which have advanced Chalmers two years ahead of other cars in engineering. They “crack up” and condition the raw gas in a way that produces terrific power with pussy-like gentle- ness. You obtain a brand new sense of driving ease, and when you want to “let loose” in a quagmire road or on a tortuous hill your Chalmers never says “No,” You'll find it to be, as so many others have discovered in recent months, one of the few great cars of the world. $1685 f. 0, b, Detroit Chalmers Motor Car Company New York Branch, 1808 Broadway Corner 59th St., New York City Phone Circle 5550 OPEN EVEWINGS BRONX BRANCH, 175th Street and Grand Concoi ree | skirts.” |e heard above all other noises, entirely harmonious, A but these also put the ear out of com- mission while the repair work is be- ing done.” AUTO SHOW WILL SURPASS AL FORMER EXHIBITS For the frat time in its history the automobile industry will enjoy, this winter, ample housing facilities for the annual national snow. This con- dition has been brought about by the addition of one of the largest struc- tures of their kind in the world. Several important facts indicate that the coming exhibitions will be the greatest in the history of the in- dustry. The holding of the two de- partments at the same time will in- @ greater attendance of dealers prospective buyers. The manu- facturers will have a greater variety of improvements to exhibit than for many years. By reason of the added space the exhibits will be more com- prehensive than formerly, The uo- recedented demand for cars, aside rom all other considerations, indi- cates a record attendance. The details of arrangements are follow: . §-10—Twentieth Annual No- tlonal Exhibition of passenger cars and accessories at Grand Central Pal- ace. Jan. Me ae | Exhibition of commercial cars accessories at Eighth Arunlery Armory, Kenenbeidge Road ci AUTO INDUSTRY FAR BEHIND IN PRODUCTION If you are one of those who con- template the purchase of an automo- bile of standard make “within the next twelve months, you will do well to arrive at a decision immediately. Otherwise you are certain to have many months of waiting for delivery. G. H. Larson, head of the, Oldsmobile Company, cites one or {we reasons for empty salesrooms in Broadway's Automobile Row, and the unusual shortage that is prevailing through- out the entire industry. “The motor trade began the year with @ shortage of approximately 750,000 cars and the manufacturers would have had difficuliy enough meeting a normal demand in 1919. The result of the under-production in 1918 will be felt throughout 1920 also. “In great metropolitan districts such as New York there will be an- other source of increasing demand. This will be found among the people who are moving to the suburbs and commuting to the city. Business men who were content to be without an automobile while they dwelt in the city proper will be anxious to own a car as soon as possible in the out- NEW EXPLOSION WHISTLE IS DISTINCTIVE WARNING Amid the din of noises with which @ great city is usually afflicted, it is pleasing to hear occasionally in the mage of traffic a warning that, while sufficiently distinctive in character to is The Buell explosion wifistle has characteristics entirely apart from the usual. It is not an exhaust whistle, but is actuated by cylinder compression, This whistle is pro- duced in two styles, the single tone or the chime model. H. B, Root, the Eastern distributer for the Buell, Manufacturing Com- pany of Chicago, which manufac- tures the whistle, states that it ts sold with a guarantee of ten years’ service, and js so simple in its con- struction that it is practically inde- structible, News and Gossip of To-Day’s Market—Present and Pu. S ture Prices. Finding further substantial support in the character of the news, beara made another vigorous raid on the stock market to-day and prices dis- played a pronounced downward tendency. Attention was pretty equally di- vided between the much more serious aspect of the labor situation and the continued melting away of foreign exchange quotations. Wall Street has persisted in the be- lef that steel workers have been so handsomely dealt with -that they would reject the proposals of labor leaders that they present demands for higher wages und shorter hours. Ap- parently, Wall Street and certain prominent steel executives are about to be disillusioned. At noon a poll of 300,000 workers in the Youngstown, Pittsburgh, Cleveland and Chicago districts was begun, and if the claims of labor leaders are only fifty per cent. substantiated various steel con- cerns will be called upon to grant the demands or face the alternative of a probable complete tie-up in the in- dustry. One labor leader made the claim that early results of the poll showed 199 out of every 200 workers in favor of presenting new demands. Bears made@ vigorous faid on Steel and equipments stocks, and lesses ranging from a point to more than 3 points were registered. However, it was noticeable that little reaj liquida- tion developed, and it was easily dis- cernible that the market is in a healthy technical position. Some little professional buying de- veloped on the statement of the Iron Age, a highly regarded steol trade authority that: “Pending an actual test of strength, lwbor union claims concerning the strike vote at large steel plants have been sweeping, but with continued suppression of the fact that the unions in various mechanical lines are but a fraction of the whole body of employees—strikes may come, but @ general and long continued stop- page of production is now indicated. In some directions it is known that results of concentrated efforts of or- faniers in the past two months have en disappointed. This buying was not lasting, how- ever, and in the last half hour a new attack on the market carried prices down to the lowest of the day. ,Bteel broke 99, a loss of more than 2 points nd the lowest the stock in the later trading was a break in English sterling to $4.12 1-2, a de- cline of about 11 points in two days. Exchange on France, Italy, Belgium all made new low records for all time, . As far as can be learned by diligent investigation, bankers have been un- able to devise means by which the demoralization in the foreign ex- change market may be successfully checked. In fact, various banking committees have been without practical and construc- tive results and the impression is fast becoming a conviction in the finan- cial district that the situation will be left to correct itself, ‘The foreign exchange situation and its importance is little understood and appreciated by the average stock market trader and investor, yet it is @ powerful influence in the com- mercial life of the country and in the shaping of stock market values. As an economic influence big bank- ers are placing it on a parity with current labor disturbances and many financial authorities attach to it even greater importance. The value of the English pound sterling has receded to $4.121-2,. a new low record, This represents @ depreciation of about 15 per cent. from its normal or pre-war value. All other important foreign exchange rates have just made new low rec- ords, and there is as yet no reliable gf ir i? i fF i: Ssbeppetaergegiez ‘Nor, i] §-3§ ri hi * 1% b Me ie % % >it He = 2333385 RRepseessyseas sigsigstapsses-cegsyse tse ” * LIBERTY BONDS. 3 1-28 99.76, up .04; Ist 4s 94, off .10; 2d 4 92.78, off .08; Ist 4 1-48 94.20, up 10; 38 4 34s ae Off 08; 344 1-40 4.84, 4th 4 1-40 off Victory 3 3-40 99.10, off 99.64, off .06, MONEY. Call money, mixed collateral, lend- ing and renewing at 4 per cent.; all industrial 4 1-2 per cent. Mixed money rates on time have dropped to & 3-4 per cent. bid, al- though little money is offered aad lending at this rate. All-industrial money is offered and lending at 6 per cent. for all periods from two to six months. Renewals are made cn this basis. NOTES. INSTANT cc oT B J) srvice ‘ Odd Lots Full Lots Open wire to the exchange floor ala Telautograph to the Curb M Simms Pet. 28 1-2—30; aa 1-81 1-4, ces dull, Glenroock, 1 international Petroleum, Sinclair Gulf, 62 1-4—52 3-4 Sinclair Consolidated, 62:1-2—52 3-4; Commonwealth, Petroleum, 58—59; Shell Transport, 67—68; Am. Royalty, i OM pny Wee oe reed » cxery KARDOS & C0. THE CURB. Opened firm. United Profit., 25-8 Ledge, 1-2—5-8; Perfection, 1 13. Con Copper, 6 1-4—¢ 1-2: Golden Gate, 27-8—31-8; Asphalt, —16; Am. Ship Com., 34 1-2— Curtiss, 7—11; Colonial Tire, 30— Aetna, ‘10—10 1- 3; Allied Packers, 65—57; Brit. Am, Opn., 23 1- ae 1-2; Regstd., 23-24; Un, Eastern, 4 1-2; Cressen, 2 7-8—3; —121-4; Col, Grapho., Sub. Boat, 16—17; isgice, 31—4 Wright- Martin, 4 3-4—6; South Ain, Ptat., Pac. Develop., 63— . Motors, 80—84; ist pfd., 86—90; 24 pfd., 61—65. Noon prices quiet and Allied Packers, 54—56; ~ again creeping upward in price. Heyden Chemical, be 3 33 1-2; Vanadium Co., 38 8-8 One P. M. prices quiet. Tob. Pro. Exp. sold 28 1-2, off Am. Ship wa steady around 36; Intercont. Rub., 18 a22; Cramp, 1608 90; Otis Steel, Ba 36; Allied Packers, 54a 56; Am. Wr. Ppr., 18414; Nat. Aniline, 47a ternat. Mtrs., 80a 84; lst pfd. Wp 24 pd, 0 a 65, Two P. M. prices dull. Submarine RK 16—17; Indiana-Pacific, 30 5-8— 10 7: Heyden, 87-8—9; P. Morris, isoisa 2; American Ship Commis- sion, 34 1-4—34 1-8; Colorado Grapho- Copy Free—Ask for 126—38 SCHMIDT & DEERY Members ‘The Board of Directors of the Bankers’ phone. 4441-2, and Bavold Tire, Trust Company made the following G48 pointments yesterday: W. A. Hender- . . son at present Auditor of the Company, IN STERLING. th a, he ring the secon: hour to be Aasiatant ‘Treasurer; H. E. Whit-| ster! ‘reco! - ite made a indication that demoralization will not continue, ¥ A tew weeks ago Sir George Paish, one of England's foremost econom- ists, predicted that the value of the pound sterling would decline to $4.00. Certain leading American bankers proclaimed him a@ radical pessimist and pooh-poohed the! prediction. These same bankers last might ad- mitted that they would not be sur- prised if the English pound declined to below $4.00, ard one prominent banker stated that he would not be People who have itched and scratch: ed for years get peaceful sleep ani rest through the use of Cadum Oint- ment. It stops the itching at once and is very ing and healing wher- ver the skin is irritated or inflamed. Cadum Ointment is good for eczema, pimples, blotches, itch, tetter, scaly skin, eruptions, chafings, piles, rash, [esi scabs, ringworm, cuts, ef ‘Cadum Ointment h ashe Retreat eet Authorized Exchange Dealers NEW AND USED Glidden Motor and Supply Co, sn BH Ns BUICKS surprised if it declined to around $3.75, The English Government has an- |nqunced’ its intention of removing all ,;import restrictions on Sept. 1. Most |Amerioan exporters probably will ac- cept the announcement without much enthusiasm. ‘The present low value jof the English pound makes the cost jof American goods practically prohi~ |bitive to English importers, and the |outlook is that exports from this side during the next few months, or until the situation is corrected, will be comparatively small, ‘The demoralized conditions existing in foreign exchange has been one of the main causes of the sharp down- ward tendency recently displayed by the corn, oats, cotton and provisions markets, -—— Italian Troops on Way Inte He Yr PARIS, Aug. 20.—Italian troops are on |i way into Hungary, according to ri 1-4, but rallied to ree 12. iH. a the T: be a in| covering. Franc checks declined rhe Board of Managers of the Coffee to] other centime te 8.24 & Sugar Exchange will meet Aug. 2 to confer with committee ou port charges and delaps in shipping. Meet- ing of members of the exchange will be hela’Aug. 27 to discuss commission rates on coffee and sugar contracts, Directors , have rging the company’s business. Pritehitt a Co. have underwritten the conferences of |& © Rr ‘Tinker, vice-prei fdent C'Ehane” National Bank; Joseph De Wycoff and yard C. Cogeswell, an Albany banker. one Porto Rican American Tobacco d its regular quar- fompany has passe’ an- r $i. Lire checks Gropped ae eto 9.54 lre per $1. Swiss cables 5. frano per $1; neattes 19.38 ote. 5 Stockholm cables % cts.; Belgian ca: bles 8.60 franc per $1; Mark cables a Sta, and Vierins cables 08.10 cts. Sterling cables were $4.13 1-2; Franc cables Lire cables 9.52; Guilders demand 361-4, cables, 36 1-2, EARNINGS. Grand Trunk System—Second week August, $1,461,258, increase $176,194; 1, $38,466,723, increase Rochester and Pittsburgh —Becond week August, $281,685, ys crease $172,201. Kanawha & Michigan, year 1918— Balance after orders, changes and taxes, $944,670, equal to $10.50 a share now at the rate of ap- $200,000 monthly, as Pipe line runs from leasehold interests, Northwest Ex- tension, Burkburnett Field, Texas, imatel: Officially Listed New York Curb Latest information on request. C.DKuarre Ja.aCo, RR 1900, Buffalo, ory dividend on which action was due | ° at this time. A quarterly dividend of 3 per cent. in scrip has been paid since May, 1918,. prior ty which the divid rate'was 4 per cent. quarterly. Standard trie It has been remarked by a great mony people that the residents of thi far West are much more enthusiastic und interested over an endurance run or an automobile than their fellow countrymen of the eastern section of thg country. ‘hat is not due to the fuct that tho Westerner, as fiction writei would have us believe, sporting blood in his vel L. Sanford, manager of the New York | US ‘ranch of the Dort Motor Car Com- peny. the ability of a motor car to travel long distances and endure grilling hardships of road and means more In the West than in the East. “Distances in the West are greater between towns and cities, between service stations and even between places where water for the radiator can be obtained. “To the Easterner it is hard to con- ceive of the perils of bein; itranded 9€ or 100 miles from any assistance, He simply takes it for granted that his car will perform. Tf it doesn't, it is inconvenient but not necessarily vital. “The Westerner realizes that the car he adopts must perform faithfully cr his very lite may be endangered. tual belief in the car's roadability.” GAPAGITY OF THE STUTZ PLANT TO BE INGREASED! Word was received recently by the William Parkineon Motor Sales Wo: alt’ edis “* | GeBSaeal, pany that the plant of the Stutz M tor Car Company of America @ianapolis will be greatly en order to in the output of Stutz cars. Already workmen are excava ing for the additions to the present plant. The present annual capacity of the plant is 3,000 cars. Officials of the company planned to increase the the it by at least 60 Scien this Aon ot nani soar “It ig based uport the fact that| j in period prior to Jan, 1, 19 plus was $905,217, or $10.06 Surprus for 1917 was $1,168,777 or $12.87 a share. DIVIDENDS. Standard Gas and Electric Co.— Regular quarterly of 2 per cent. on preferred, payable Sept. 15. Ajax Rubber Co.—Regular dividend of $1.50, Cuban American Sugar Company— Regular quarterly of 2 on common etock and 1 $- on preferred stock payable Bept. 30. ‘Congoleum Company, Inc.—A divi- dend at the rate of 7 per cent. per annum on Ist preferred stock cover- ing period from July 3, 1919, to Aug. 3), 1919, payable Sept. 1. Range for day at Chicago: ——<$<—_—_______ Now Active On the Curb! This moderate-priced Tire issue repre- pena 8 cont ompany that fs making api from $61,000 In 1916 to $690,7. in 1918, Excello Tires have passed the ex- perimental stage. The stock in my judgment presents a splendid investment speculation. Send for Special Report TO-DAY! elements | )%j* Corn—September up 11-2—1 124; | December off 11-8—13-8;. May off 11-8—11-4, Qats—December up 1-4, CURB RECORD Civing complete high and low quota ton records for the year to date, covering tandard and Independent Oil-~Industrials ‘tnd mining curb stocks. NOW READY POR DISTRIBUTION Write for Copy CHAS. A STONEHAM & CO. 41 BROAD ST, NEW YORK City. TELEPHONE—BROAD 6969. COTTON, 30.85 ee AND FINANCIAL. CU-MOR CHEMICAL CO. Has Declared Initial Dividend 2% QUARTERLY able Sept. 2—To Stockhold Cu-Mor Chemical Stock eon the New York Curb prices are predicted by those in company aff WATCH THIS STOCK Executions and quotations by any reputable broker. immediate purchase. Henry O. Ellis OCotvert Bufiding, Baltimore. of Aug. 25. We advise tts 7 Wall St. New York City