The evening world. Newspaper, November 13, 1919, Page 25

‘Alnoka Goll . Alaska Jumean ag etree and Fu- ture Prices. . Waking courage from the fact that money to-day was in more liberal supply, the stock market recovered | tm. © part of the large loses recorded in, yesterday's demoralized trading. During most of thaqay funds were : posed ‘ jAm, Bos Mag. Am, Céttan Oil... [Am Sumatra Am, Drug Synd. jAm Expres... offered on the Stock Exchange at 16|Am. Hide & L. per cent., an inordinately high ra but which was reassuring when com pared with 30 per cent., the high mark Just before the close rates ily dropped to & per cent, High pricé spectatties again jumped ‘around in wild fashion, To illustrate, 4 eral Motors, after opening at 295, swith & gain of 15 pointy immediately SG Well away to 980 and then quickly ral- Hed. t0 825, A jump of 45 points over the low of the day. Similar demon- strations wete given by” Mexican Petroleum, Baldwin Lacomdtive, Re- tail Stores, American ‘Tobacco and United States Steet again proved to be the back log of the market. Trading in (t was in tremendous vol- ume, In fact, it was twice as active as any other stocks on the flat. If ac- . counted for more than 10 per cent. of total transactions, whieh &guin ran! Well above the 2,000,000rshare mark, | At one time it sold os low as 103, but under the stimulus of persistent and powerful bnying it gradually crept saboye 106, or to about the same level Prevailing immediately before yes- terday’s big smash, 4 Steadiness of Steel encouraged much buying throughaut the rest of the list. Railroad shares,.which are most acceptable as collateral in bank Joans, made an especially good show- ing. News developments w hich ordinar- ily would come in for much discussion received scant: attention! For in- stance, it was announced that Sena- for Cummins will move that the clause in bis ri iy Deli ‘ed, wil! tend to further com- * plicate the labor problem, but Wall sy studying Street is now too money conditions to be distressed b¥ other infisences. Foreign exchange made a_ better showing, the rates on England, France and Italy all displaying a pro- -ngunced -raiying tendency, The market displayed tL pally | ing power during the last our when | money rates collapsed. Stocks were rum up in @ manner that rivalled the demonstration of the recent bull campaign. .~ 4} may be stated upon offici in. formation that the reserve position of | the Federal Reserve Bank has been | materially improved. The ratio of! cash to deposits and note liwbility has | risen nearly 4 per cent. during the| past four days. Accusations that the Federal Re- | a thousands of investors are being heard on every hand, and there is a rabid and nonsensical cry that the ¥ Federal Reserve Bank be re- serve Bank has deliberately rut organized, These accusations are being’ mide | ' so turned Fs by big paper profits built up by the | heads we ‘by peaple who» market's rig that they were uow ing t recognize sthe dangerous sit ation that had been created. Either that or they were incapable of cor- rectly diagnosing the credit situation of banks throughout the country If any criticism is deserved by Yhe Reserve Rank it is because it did not “take the bull by the horns’ and! weeks ago check the senseless manipu- lation that has been going on, But the Reserve Bank secmed satisfied to] issue warhings, apparently in the & lhef that they would be heeded by the stock gamblers. ‘The money situation has rece ntly | become such that it was practically \ NEGRESS | MILLS PERJURER. imperative. for the ultimate good of American industry to call a halt. Aid! swore if the Reserve Bank had failed to call @ halt at this time the “blow up” later | on would surely have been much worse and there would have ben |yestoniay \ sound basis for « demand for a change | im the personnel of the Reserve Bank executives. The Evening World has repeatedly | called attention to the weakening po-| sition of the money market and the hazards involved in marking stocks up indiscriminately, Several of the operators directing the manfpulation and have have recognized this danger, admitted it privately, but believed themselves so shrewd What they would be able to sense impending disaster and dump their stocks before the big smash cane. They are now wonder- ing @ow they could haye been” #0 et bankers will be surprised if} the money stringency does not con- tinue despite. the Market's smash Gash reserves of banks must be fur ther bullt up.and this can be most ef. fectively brought about by further liquidation in the stock market. Lo: house: unde @ently touched $) aggregate $1,400,000,000 ai present Dike tientner Falls Off 1 ¢ Vinduet, MIDDLETOWN, N.Y. Nov Stepping from the cabvose of teain at Salisbury Mills on the y= wer. ond, last night Ww see why oe 4 stopped, John J. ‘Men eto from Fa: ee ee [Am Hide & I. Am Tor . 2 aarvener Gos . Am Liners 5.0). Jroad ‘bill probibiting strikes will be extended so as to! cover other basic industries, This, it " M. & St. P. CR. Chi, Great Wert, Cli, & Nthwem ity Chile Copper Chino Copper C16. Ch, & St Col, Buel & Iron Col, Gan & Columbia ¢ Cova Cole Con, Caer ¢ Conk ue Cony Date G Covtienibd Ga Continenta) Candy. Corn Prot Delaware trie ut *Yaawoum Players, Potrtoariks el, Min, & Am, Hake! Mrs | Prospect Pla Velix |mer att |negro lawy who look fice. He demands §50,' ‘ous prosecution, mall | SIXTUS TAKES ES FRENCH BRIDE | Brother of Former Kmpress of Sane tein Weds in Pari ‘PARIS, Nov Bourbon de of Wall Street brokerage . ood to have re- 1,000,000. Bese es- timates pow obtainable are that they | ter of Pr Lure married peau the wha | toot, und: Wem Aostanty: Am Smelt & Ref., AS & Ret yf, Am Snuft ‘Ain Steel Poundries Am Soeur. ATS Too, Am Tobacco”. Am Wool .. Am Writ Mager pt. fon Tob of ew... Yims .. Asatinds sigs, Amin Realisation ,. Awo. Dry Goods Amooiated Ot Atehieon Ry, Auto Sales Corp. Atlantic Come 1 AM, Golf & W.1.. Athlon wl es Baldwin Loco, Raltimore & ¢ Barrett Co, ..4. Batopolis Mining . Heth, Motow Beth. Sten. Boh. Stor H...... Bicsm Itay. ‘Tran Bkiyn Union das Brum, Term,..... Burns: Brow, . Matte Cop. & Zine Tutte & Suyerior Butterick Co, Caddo Cent. 01 Packing Petroleum Petroleum of alumet & Ariz Canadian Pacifi jet, Paeumatic ‘Toot Rot & Pac, & Pac O% ible Steel Cmcible Steel pt Cuba Cane Gurar, Cnba Cane Sugar pe, Cuban Am. Stier, a Lats, & Wee, & Mud & Wo tir, & Rio Gr. w Kanoren Brau Kuadlc Jobnetou oly ttapber vera Chas: snetal Motom Gen, Gen, Goutrags {irony Mie Matorg. pf Motor Des Inmtration Conve aterbore « Inzerbory Con, | Inier. Agi. Gory Hacsewer Mer, Marine Mer, Marin Judge Dike falsely, that 1 ontractor, Manhattan, w Brooxlyn, ar-old daughter |éworg In & proceeding ugainst Jersey Special Sessions for support of She was found guilty |the child was not her has an action fechneider ) Jerse ney, Bt. Frage Pr ape loans vic Ba of. Wert & Maker Homestvke Min Ainola Gent a Co that he Jersey, a wealthy father of’ her! MMs #0 le ding againae | witness, Mills's for- | and ne cade to Relfschnelder’ Parma and Mile La Rouchefoucauld, day ag, the gure ‘Sixtus | ariny duritig the Aiivhe ipa Ao, Hugh} ‘olive, ataceatle arise | sete fp breegee wt en" core- THE EVENING WORLD, THURSDAY, NOVEMBER 13, 191 lee Ritter & Tire 3 Lehigh Vater... 45% Liggett & Méjom.. 205% Lome Wie... TOM 189 1% | Loriiard. | Lows, & Nashville, 110° 108% 108% — 2% 3 Maewell Motors lat, 00 8 Maxwell Motow 24. 33 82 2 = 1 May Dept, Storm, 120° 111% 120 + 8% vy, | Mexiotm Petroleum, 21-19 212 + ap 1 | Mla Nat, Cloak & Suit. ay |X. ¥. Alrtewke, 1ig |X. ¥, Contec N.Y, Dock Ohio Cities Gas... 2% JOwaiom B & Re Ontario Silver ‘Owens Bottling Pacific® Gas Van Aqer, Pean= RR... Penn, Seabd, Steel Peoples Gas t Pere Marquette Phil, Co Pierce Arrow Pierce 01 4 | Pitts Coat oy | Pits & Ww Pond Creek Coal Trans Stoel Pullman Co Punta Sugar Rail Steet Springs. 90 Ray Cover of x00 “Motos Seaboard Seem Ractnck a | Shattuck | Sinetaie ol | Sione sett . Pacific "Ex div _xkx.ttg Petrol Air ldae Ariz, Stee! “Altoras % | Westinghouse Whe Ling Willys-Overiand Willye- Overland White Mb Wilson Worthington Worth, Pr B Net High. Low, Lam, Che's: = > 4 oN 42% 30 7%. 7 Th + va st 4% so 19% uu mh 108% 40" My +1 " #1 PASTOR Loses DIVORCE. Rev, Christian Krepps Nam spondent, Denied Separation The Rev, Christian. Adqms Krepps, jourt Justice Ke os at No, 7 St. John's jus no evidence against: Mrs, Krepps co-respondent named by — the syman was Arthur GC. Lasswell, School in | Kreps’ picion. cr Mrs. Krepps has a suit for separae alleged tion pending. She says her husband | Lenahan from their apartments at has an ungovernable temper, that has struck ‘The management a [jung and the Herold Duke of Doude auv’ ile and Frardidaustie Wn agreement tor the parctiase of the|to pay a ‘morning. edition of r auts Zesing gndythe purchase of the} ening edition of (he Stauts Zeitung ner iihinnigsen GERMAN PAPERS HERE UNITE Staats Zeit » ry Cireulat the Herold. This evoning paper language In nouncement means one morning and one | Tu sday night of Dr ed In the German * says the ane te identity of [tae papers will ne sin no way affected, it ls the reall of tue modern teni te concentrate circulation im a tow vase” We Li pill a Salad iy Violent fluctiations in prices were witnessed in the outside market to- day with especih] weakness being ex- the socalled ‘Whelan %* group 6f stocks, and by the new pro- Motions in which there has been re-| cent wild speculation. American Tobacco tail Candy, Phipip Morris and Tobac- co Products, Export, all of which are Whelaif group were subjected to sevére pressure until late) in the day when tension regarding the | money situation was relieved, tem- porarily at least, by a drop in call rates on the Stock Exchange to 6) 400 Peder: Ol. 1000 Gtenrouk Oil 8000 Guffey Gilitmrie +s SS at att hibited by 200 Houston ott 1000 Talana Onl. 1400 Livingston 6000 Maracaibo Oil conatdered in th 1500 Metropolitan Pot. 700 Phillips Pete 1600 Producers & 1500 Ranger O General Motors, when issued, fur- nished an anomaly by holding around 36 and 37, while Geperal’ Motors pres- In On the Stock | 400 Galt Crest Bred: S00 Shel Tawepott 4000 Skelly Oil. + 400 Sime Pet. 1500 Southern States 400 Spencer Pet. jock traded Exchhnge was selling at 280. generally und@rstood that General Motors shares will be split the basis of ten for one, which would | ued stock worth about with the present make the i 100 ‘Texas Ranger 1000 Texas Cow 4 Practically all issues rallied aharply| 10% Tromcal Ou .. in the last hour, in sympathy with | j.go waite oi 1900 Alas-Br Col, 1000 Arizona silver 00 Belsher Divide 4069 *Relcher Divide xt 1100 Hig Ledge 200 Canada Cop 4100 Candelaria M 1000 Cone Arizon 600 Cone Coy M 00 Crewon Goll. 1000 *Cren \MeNamane, 2200 Kurka Croemas 1000 49 Mining ‘Joo Ferret) Coal 9900 Gey Asphal . | 700 Hayp Moto: MW Indien Packing 1} 700 later Rulber 100 300 *Nevade Oublr 30%) *Rocheder Mines - of, 1200 St Croix 1000 Tono Divide t 3000 ‘Tonoueh 100 *Dno-dim Bs. 2000 *Topovate Mil 1000 *Teveyah Wx -¢, weg Uastted Bgmern 21000 US Stewm, 12000 United Met : 1400 United Profit. simkr, B00 United Piet Prod pM 17% 10h 108%) + 2%} 1% 1% + & 1920 World Fitm 1400 AvgloAte Oi, INDEPBNDENT * Gou0 Allied OL. C00 Aimal Hopatty a) Boston Moxie strong: 78 1A up 3 3 + Vanadium, 541 1f0) Brknets Van Ceave Simms § 171-2, up 3; PALMER DENS GHARGE. - OF LABOR FEDERATION. Commitment His Department Not to Use Lever Law Against Unions, Noy 18, sdvised Senator Department “no opinion | dying the department and Fuel Act as asserted 68 3-4, up 4 Lets ACTS T0 sock ARMs SHIPMENTS TO MEXICO + ay) Large Order - Placed Brings Protest—Other Supplies Bought in Spain. are being mede t search of the ret ltaree supplies of disclosed 4 |tlon purchased tn Burop ver Food ‘Nationale D'Armes of and it was lear | Department that th a entire sup shipment of the, arms on the grovind international Orders also, . but that country is mot @ siknu e ayms conyent ‘Arfungements { formerly pastor of the 16th Street Bree | our of Belgium wo Wan boavi ted Methodiet Episedpal Charoh in Brooke | ig was, ata: LY Iyn, this morning lost the divorce sll seived « had brought ageinst his wif ‘The Ya’ Student been given by, pa «SICK CHILD SAVES EVICTION. Manual Training Higit | Brooklyn and a member of ebureh, The wexton of the church, aid he had seen Mrs, Krepps | plicati Lusswell in the Sunday School | @ room but had seen nothing to warrant jc “ity Py prnbi Pe Spi to Pets Mr, | Bridget Wilkenson. That week-ends may be nts who remain wt their me Court to-das reserved until next Monday on an ap- of mandamus of called us a 166 W ebSter Avenue, fov Haggerty and said a child Ross, Was seriously ill and hat both families would move use next Monday Herold to Com- fe | rooms for ism, a writ of eenabmius rants for Mrs. the Staats Zel- | nounced to-day nahan after their Minn., an actual 1 and labor will do toward harmony in in the opinion of Lieut,~ Herold by the} Leopold Cordova, | sting economic vett, © Superintendent Mooney What 'we must work ed to und labor ‘have mutual In recognigable by both,” interview, 1% 1% 9% 10% er 13% 10% m 17 1% 1% as 1% ° 1% 118 cay 1516 WG Awph., 1- of the bor pledging orgunize yet to the coul strike Palmer's statement, rhomas withdrew hia \resolution | Department ygarding its polley , {forcing the Lever Act, -_—___—__- YALE FOR SUNDAY SPORTS. 11 Indorses the Litt- Rae. mn. Nov oval of the ban on Counelt of | ynounced to-day more profit nis courts, it courses be — KILLED IN AUSTRALIA FLIGHT Plane | Crashes at the Start. 14,-—Tdeut he Australian Flying Corps, his navigator, ted from Hotfffilow this morn- ing for 4 flight to Australia, were killed | ofter they be; r airplane eras! wh -——_—- 5 hd an IN 5 2 o> . 1916 10-10 19.18 116 1) 1110 2 day's fnancial district re in ite loans from peak to $55,000,000. account is down from $25,000,000 to $15,000,000. One house which handles trom 5 [000 to 75,000 hares dally reports a 4% ey 100,000 to $3.000,000 in SILVER SBLLING AT $1.90 8-4 Silver New York $1.30 8-4, and this local quotation | per (tory 4 |to standing common stock. Lee Rubber and ‘Tire Corpor Yor eight months enced Aug. 31, ofits hefore Mederal Shell sl Securities, | t. of Justice | in en-| ‘open on Sun- | | their journey. d near Surbiton, Col." toward ein capital | Al sale rests, Roosevel up | ton und 5 ‘ Pl equal after preferred dive, Write hare OM $4,802,800 comm Connolidated” Textile Nine months ende come before peeling Na dhate ap Linke mares Ks ie 3.79 Cibee wit the companion be allowed Canadian Natioain Rallways—F' | | | | 2,220,000 shares. LIBERTY BONDS, i eat aoe 80; 2d 4m, s fies y lat 4 1-48, ma ad 4 ted, 92.005 | Bay SE ein fillies ompapy. Initial! wAsiitNGTON, Nov. othe VL! Mian Jan, t; “reeuiar ua quarter at VL i ae, 99.32, DRASTIC LOAN REDUCTION, ‘Wall Street has not witnessed a more severe speculative house-clean- ing since 1916 than that which has been in progress this week, Wedne: outpouring of j Stocks with-ules in excess of 2,5 000 shares has had no patailel since President Wilson's famous peace note forced the market to absorb 3,176,800 shares on Dec, 21, For forty-one minutes after’ i clobe of trading on Wednesday jticker Kept recording final dealings, \ectipaing the former record of twen- ty-eight and one-half minutes made on June 3, 191 Leading brokerage houses’ die unan- imous in reporting substantial reduc- tions In their loan accounts as a re- arait of thie heavy sellin ‘hs igwest borrowers in The rts a redaction 0,000,000 at the |! loan | otion from $3 6 last two weeks. yeents $ over 4) Wednesday's quotation, and although the London price is unchanged, the ‘Far Bastern exchanges have firmed is respons: ble 13) the rate was i2 cent, for mixed collateral, Six per cent, P.M. per) was the price at 240 On the floor of the Stock Exchange it was stated that with money at 16 per cent, there Was not much demand for call funds at that (igure supply was offered. A fair LIBERTY BONDS AS MARGIN ‘There was unusually heavy trading in Liberty Loan and Victory Bonds, | particularly in the 4th 41-49, which | " made a new low of 92. 4m at 99.30, 70, ag Cid Vic® | the year. Weuknens in | imal yeu die’ a ae fl these bonda is attriouted to selling by’ individuals for thi » purpose of pro- tecting margins in stock necounts. EARNINGS. Thdustrigy Al¢ohol—Preft a "six. months ended! Surplus after charges ur, | Of $940,449, equal after preferred diva, ween 3 $12,000,000 out- iH ? ralry Primes, | June 30, Nine months Net peonits betor ‘Téxas-Ranger Producing & Refining Co. Officially listed by the New Ydrk Curb Market Association After ap exhaustive examination of the properties and business of this Company, we are convinced that its present and potential earning power justifies a much higher price than the current market quotation. We invite the inquiries of investors, especially those familiar with oil Singer Bldg i FINANCIAL NEWS AND PRICES } iw oie As ue A ‘ r crease $9,217, Ps DIVIDENDS, cA Reading Company, Regular wl terly of 1 per cent. on first. prefer stock payable Dec, 41, "4 Hennig Proposal, National Sugar Refining Company | Funding by $250,000,000 | ot New Jerséy. cee quarterly of | Is Substituted. week November, $1,048 increase 1 ISrense from a, Jen 1, 523, | rejected to-day the rise | per cent. preferred. 14. merce Committee's pli |" Bastman K Gompany. Regulnt |ihe $15,551,000 owed by fect to |eaeeee, of 21-2 per — and 40 (Government for te extra of 71 common and regular quarterly 11-2 er vent. me preferred, all pa: 5 fetid Standard Oil ‘Com pemeeeinare approximately (that, amount United grates 5 geen commas legislation fom the railroads. Specia’ common Yinder the Dennison plan, adopted stock and regular quarterly 3 ed PEF 134 to 66, practically all thé: money — Pak Feces or Fieg- [owed by the Government to coblebayonuente| the Government and the es would be secured demand poten phate ti Mes ot on common sera © per cent. be re oes J Urging extension of Government con- trol of railroads for two yours, the “conference on Demoeratie Control of ' | the Rallroade to-day sent |p open Change. letter to Congres, ie “In many ways the public Is roost tng better service than a ihe be Ie mueh lower raters then jowners are Genanding® 413. lenge letter declared. os a mae | neue "wobece ton os yaa Sart iy md Orns. LANCASTER, Pa. Nov, te-Leat Harold 8. Vanderbilt has been elected L#bacco ~ iting at 80 conte a a director of the Pullman’ Company to| Bound for wrapper grades today pea new high record, Ml an existing Mrgy oat Other directors “nthe Bank of ‘in seata rah 4 aie. ° Ban nd rnintmum ee count rate Fo I ANKING AND manera tent. SSS ee | BOWIE ENTRIES. TRACK, BOWIE, Ma ¢ entries for to-morrow's rm ERT RACK me | Chen fui, 106: Tit taxes of ‘or a t * ‘ for free 1 to $8.96 a share on 100,-\ 3, aymnter A " of Market Despatch ae TO-DaY. Mexico Limits Sliver Exporta MEXICO CIT Nov. 1a, “Bet lot | limitations upon sitver Mexico Were placed 1 ing companies thy reasur, Dep: that 50 per cent, or 0 the Goverime: export more than 50 per cent, of their ‘iret_produ Present Dividend Rate, 24% per annum. Circular dn request D. KNAPP, JR., & CO. Betablished 100 ment Securities 149 Broadway, New York City ndt 254: Te. © of, NBTI4 A Portrait in Colors of Miss Billie Burke — Dramatic and Motion Picture Star FREE WITH NEW YORK SUNDAY WORLD, NOVEMBER 23d : * IN GREATER NEW YORK AND VICINITY He hy = oH pupae, hale a ia ii sa