The evening world. Newspaper, November 21, 1919, Page 31

(News and Gossip of To-Da ‘ tise dip Fenda ture Prices. | {Btock prices wwayed back and forth [Am today without displaying a definite | 4%. 4. Professional traders appeared {@ be mainly responsible for changes } am Am, Present speculative uncertainty js} Am. im most part to the money sita- |™ 4m, ‘The opinton seems to be grow- | ‘sm, stronger daily that the powers | Am, that be in the motey market will not | 4” bi quotations. (| |Penmit a now outburst of bullish ac- tivity, bd Am _ For the first time this month | Au. bfokers were able to renew their loans | 4m. At per cent. Late jn the day the call \\™ rate dropped to 6 per cent. But bulls| am Am Exceptions to the general jist were | A@. | |thie volattie General Motérs ana! A™ \/eatiafly volatile Cruotble Stetl. Those | sm, ‘twp iasues wore the worst sufferers | 4m. | | #@re only mildly enthused by this. im the recent smash, At one timo to-day they both showed advances of approximately forty points over re- cent low marks. Another stimulating factbr wag a sharp recovery in foreign exchange rates, particularly demand sterling, the pound over yesterday's low mark. Copper ‘shares were particularly weak. TAquidation coupled by pro- fessional selling forced the leading imsues off more than three points. ‘The cause of the seljng was the announcement of the pipduction and earnings statements of Utah and Chino for the @irst ne months of the year. These statements indicate that copper producers have bean una- ble to check rising costs, and that current dividend disbursements are mot being earned, Small attention was paid to the conference between coal miners, op- stators and Govenment officials who are endeavoring fo adjust wage dis- putes. Thig situation, although of unusual tance, is overshadowed circles by money 1 85 i é if eft fl Hi Ff i aay group have ed futile. During the few mnimutes of trad. | Couset ing @ ‘wave of selling was felt and {On Gas Co ‘the matuet fell back quite sharply, | Co Inter Cal M. af the day. cea No ame who has thoroughly jonme ont atudied the money situation ie basing On the contrary, it is everywhere | Pome Mine . . recognized in best posted financial qmartery that until the turn of the new year the supply of funds for pur- vanes of shack epeculation ix roinr to| Fano Mitre + Moreover, it is understobd that Wederal Reserve Bank governors, now ta session in Washington, have re-| Peon Tots - solved that the credit facilities of the Mien rigs New York institution will never again | General elec... We permitted to be absorbed by stock | General Motors Gonerat Motors pf. speculators to the same extent as was Gen, Motor Des. the case recently. As a matter of fgoodrich ‘fect, Federal Reserve Bank governors fare understood to have claimed that the demands on the credit facilities of “the demands of what the governors term “bona-fide business.” “gels ‘eo oftcits at” she be- | AFTER 55 YEARS’ SERVICE, THE MARY POWELL RETIRES Three Generations of Hudson River | Residents Set Watches by Popular Steamer, From Kingston on the Hudson came 5 | Word to-day that the ald river steamer, | the charge was made that Lautman made appointments with prospective nh partment of Commerce have de- ded to cail an international con- ference to stabilize the ex- whange situation, which announce- ment?@was mado exclusjvely in this column yesterday, it is expected ghat rates of exchange will rebound sharply from yesterday's record low marks. In fact, it will not be sur- prising if English exchange jumps 5 to 7 cents to the pound sterling before | Mary Powell, after fifty-five years of | has been sold for junk to th ison Valley Waste Three generatio: the close of business Monday. ‘This, |» of course, will tend to generate a bet- {51 ter feeling regarding the stock | pany. murket, ers along the river front have set their i watches in the afternoon by the passing Holders of copper shares ean find |of the Mary little cause for satisfaction in the | boat were the first and last chapters of the summer vacations of many families of 1 Statements of the Nevada Consoli- dated and Ray Consolidated compa- nies for the third quarter of the r. ‘These pre two so-called porphyry p of nearly five cents per pound com- pared with the first quarter of the ear, The company earned only a Ray Consolidated fared somewhat better. Its coats of production In the third quater wore 15.63 cents per WAR RECORD “BIOGRAPHER” ompared with 14,84 cent in pound, L the secon quarter. For the first ne months of this year it did not D cugn half its dividend requirements, T GRAL ange for the day at Chicago: Or Higo, Close, Ose, Pt si hat 1% 0 [354 18 je aR aad «nh Mo 8 Gate. omy bia we THE OUTSIDE MARKET. ON stocks were in excellent demand In the outside market “\ their domosntration of atrength en- 100 Glenrock Ot ‘ 1200 Guffey Gillespie. ‘ 1200 Marsenthe Of m™ mu om 000 Metropotiten Fy: New demand for ol! stocks is based ' Nz prices for crude ol] in Kanras, Ohio and Texas fields. +i Tropical Oil, White Ot] and Interna- tlonal Petroleum. Protea @ Sanaa. s Eee REP PE reESSS ex backing American Tobacco Securities ts : was male evident by t ivelite 4% | trade circles, an the prevailing rates Sy] mean that 9 1m | ae to be paid by British buyers for ay It jumped approximately 4 potnts without meet- ing profit taking sales of important It is @tated that nearly 7b of outstanding American 0 sharos have heen exchanged Martell Motor | SMerweit Motors Mt: May Dew, Soren %% rm 144] $4.05, om easier money in New York, Asphalt rosoverea 4 mere pointe of 4: [there is no backbone jn the market, | $+el itt last, nalt how ws selling came into the market, which seemingly waa induced by the actionary trend dieplayed by the big board, The close was irregular with oll stocks showing stubbornne: rere 14 | tion of the peace treaty, The rat tt re 1% om ” MIRCETDANRODS. Sef £ 1600 Aetna! Expo 1900 Aw La Prince Eogine 100 Amal Tire Stores... 1800 Am Marcon . 0008 Am Te fen... 1600 Am Safety Rasor...... 400 Mettiaa Agr Tob coupon Ltt+hepe: nee PY enn We jovar the m as. Avohiaon pt whieh rose more than four cents to| Baldwin Jom, Fevrcrr a - _—_—_— EE 2100 Central Terees |. ‘200 Farrell Coal . Pitigereiei oe cent, with the floating supplics Ld fopumen nt. Borrow: ret red to dlap tei ff i Pa Sees exee i Hi err weve Eudes ea | 900 Hendeo Mite . 1100 Hupp Motor ~ iff ai id ij ff i i i i g é k 2900 Nor Am Paper ; : k 206 Peon C & C... ti were res iit ? df : =Fse rh gore ww ow. ze Sunte - erea “Pek he =e 1+ Re ii ROK FECES ES CE i nil i ff fewer [Pte beeen et oe t * ™% * * % “ 33233 if if + + + + + Fete i ~ eee Wyoming 1100 Rurknett Van Cleave. 2600 Carib SyM@ oe. cees ee 200 Cities Service “Botte 200 Comamanwealt 800 Comten & C ++ $14 8% | Toimaceo Prod. . lets 1000 Can NX Sis 2¥ See ERTEE an Dk hh hh kA Se ah lk oh ct © Uniew On. -- Fa , Us, Ry, lav, Co, Un. Retail Store STERLING RKACTS. Demand sterling sold off 11 ; frane ehecks off 4 centimes ire checks declined 7 centimes| 0 francs per rep of Mare Than Million Bal G Ftd WASHINGTON, totaled 1,577, round peseta cables sua Bureau annoui SeK FF EF Fert cables 8.95; frane cables gilders demand sterling cables 4.04 1-4; Va, Caro, Cham, BANKING AND FINANCI ‘ EARNINGS. Utah Copper Co.—Report for Sept. 30, 1919 quarterly, same 1918 period follows: Net oper- ating profits, $1,762,700, decrease $2,- otber increases, $281,624, in- crease $141,685; LIVINGSTON OIL LIVINGSTON REFINERS MIDDLE STATES O1L ALLIED OIL TEXAS-RANGER PROD. & REF Latest information om request D.Kuarr dn.aCo, ; lnveetrant Beomths compared with Galt states Steed, the New York institution by stock} tiwkci & Barker speculators have been greater than} !inois Inspiration Copper. « decrease $626,187; total profits, $2,419,512, decrease $2,- Attorneys Talley and creame $3,694,400: Geftelt, $17,482, la- berg, Lautman conducted the “United | crease $1,266,009, * and solicited and got |subscriptions for book to be pub- lished some time to be known as Seribes Review of America, 1914-1919." The volume was to be @ record, it Was represented, of the yof the captains of industry in their | Work in aiding to “wim the war." presentment to nine months as from company's quarterly ports follow: Net operating profits, | decrease $9,431,319; arnings for the Estodlished 1900 Snrozr Bunswa )= New Youn TEL, CORTLANDT—2643-4-5, 8373-4-5 Same ee ee LIBERTY BONDS Bian i, Ee Tet. tobe 8176-6-6-7. decrease $4,873,470; the Grand Jury Production in third quarterly against 28,046,978 for second cost $14.8) pound, against in second quarter. Copper.— Quarterly ctive Sergeant Blood a River trips on the Press).—Letvia and Lithuania hav. Lidl Uussian” Bolshevitt 0} e months as com- send & delegation nings for nine piled from company's quarterly r ports follow: Total profits, $899,385 the causes of youthful “cutting from afternoon school sessions on | the weat side none was so potent ag the and are noted for their low} temptation of early summer and early production costs, fall to get away under the docks and Yet in the third quarter it cost the |strip, rada Company 21.68 cents to of river front duce a pound of copper, an increase | 9 laway THE CHASE NATIONAL BANK of The City of New York, ¥ srochotfitnsimmee %. une defying the half-t ops and breast the “roll- the Powell, which passed 34th Street on the tick of quarter past followed half an hour later by iitle more than half its dividend re-}the Chrystenah, which wae sent to the | if Gulremeata for the period, Junk pile some time previous. Production in third quarter 10,4 $95 pounds against 10,541,471 In se ond quarter; cost per pound in third $15.70 against $14.16 in sec- ond quarter, DIVIDENDS. Bast Coast Fisheries—Initial quar- terly of 1 per cent on common stock and regular quarterly of 1 3-4 per cent, on preferred stock both payable Jan- thre ond Weak, olf Oo Bankers Trust Company has been appointed transfer agent for the capital ACCUSED OF SWINDLE!: URITIES CORPORATION November Cuba Company—Roegula: nual of 3 1-2 stock payable Fel United Pasteboa: Var Quarterly of 1 ferred stock payable 5 California Packing Corpo Regular quarterly of stock payable Dec. General Electric Compan; juarterly cash pf $2 pe ividend of 2 per cent, in stock stock of the Hercules Paper Corpora r cent on preferred Standard Gas and Electric Company has called for redemption $302,144 dtvi- as rip outstanding, issued sevoral ‘The scrip will cease to bear interest after Deo. 18 and should be presented at the ¢ompany’s office, ay es os tne A. Albert Lautman Charged With Getting Money Under False Pretense, A. Albert Lauuman w dicted and arrested on false poneen, (tees #1 on common Pht dity $540-by fatze Sart THE EVENING WORLD, FRIDAY NOVEMBER a1, 1919. FINANCIAL NEWS AND PRICES } name \cent with 1 94.30; 2d 4, Hf tory Loan 93-49, 99.88; Victory Loan 4a, 99.96, ANXIBTY. ition of American ex- 5 |change is causing anxiety in London tremendous premium ” purchased in tho United States, Tate this morning was called at 14 | but opinion in Lombard Street is that 14/ While the recent uneasiness caused by the eonstant declining tendency has 1 | been accentuated by the non-ratificas according to opinion in London, likely, te ‘be unstable until the treaty Question js wetiled and official actiot ") yaace regarding the granting o! lower exchange rate is also a jutary caume to the hich prices realised for arrivals of allver, while, ‘on the other hand, Ametica, Spain, and other countries, In view of the ad- %! verme are taking offerings rele in the open markot at 103 per ounos, or 21 per cent. w it prices, @ money market in England is ally toning, daily —logns which are iy wanted commanding 0 land’ 61-9 per int freely in use trade a by customers for their ex- panding businesses and the financing of the large numver of cotton bills oy arriving. mdon market opinion i» that the year will be got through without a high bank rate, but that money will “MOWRY. and io at § per cent. This is lowest renowal rate since Oct, 30, when call money opened ind renewed at 6 per cent There was a fair amount of money offered and demand was moderate. ‘Time money. re are bid- ding 71-2 per o traely for loans, | 21.—Cotton 14 from tho 1919 crop @ running bales, bales as half bales, the Cen- ed tond: For a of 1918, ‘the total count~ BILLIE This is ure CURS FLUCT VaTi 'N ORS AND yt INDUS RIALS © but there ts little money avaliable fow loans were made, at § por but the amount ts small ave made at 71 in commereia pounting At 5 Iz per 9) $1500 a ehare, ind [ing Of stoek jresult in eplitt: shares of leas par par value or the issuance (common atock. fein OPlieved the are dil aand by local banks {y light of paper being country banks. MAY LIST. S$. 0. [asttEs, Aat 4 1-40, 94.40; 24 41-45, 99.76;| The listing of Atlantic Renn! 103 108 1 94 4 1-4m, 94.94; Ath 41-49, 92.80; Vio~ - FINANCIAL, | BANKING ANG Texas-Ranger Producing & Refining Co. © Officially listed by the New York Curb Market Association Aft xhaustive ¢: oe rae lye éxamination of the it and potential inher price than the Present Dividends at the Rate of 24% per Annum, inquiries of investors, especially those fa~ earni: “7 power jus ry We invite the i miliar with oil ene Senreenes Cireular on request C. D. KNAPP, JR. & CO. Katablished 1900 Investimem Securition Singer Bidg., 149 Broadway Telepuone Cortlandr— Stoneham Yearly Handbook — Oil—Mining—Industrial Miscellaneous Securities © ~- reviewed, with a history of eapitalivetion; toneham & Co. Broad eet New York One companies wtocks: be scarce. Pa nae eae Cy ion ¢ beliese this andbook to be cer isaued, and represents Cull money, both clanaes, lending formation, = fi Chas. A. Oramatio Motion Pieture Star in Somerset Mai ‘Caeser’s Wife” at mis on fhe ibe: A PORTRAIT IN COLOR For Followers of the Film A Beautifully Printed Souvenir Pic- ture of This Very Popular Actress 600,000 copies will be given free with next Sunday’s World. Edition limited to this amount Order from your newsdealer in advance