The evening world. Newspaper, February 18, 1920, Page 16

_THE EVENING WORLD, WEDNESDAY, FEBRUA 1900 ‘Caled Min ee ee | 1% 1% 1% i . “ . | . . s MISCHLLANBOUS. hares | 100 Con Virgin! . ‘ 6 |] - Net Net Sharee High. Yom, tam} 400 Bell Pet 111 | 860 Creson Gold |. as eee High Low. Law. Che's low, Last. Che's 9100 Acme Com iss 1% 1% IN| 2900 Boone O11 4% 4% 44) 1700 DeBeers Mines oy 407% [Ad Rem! w% + 1% | Irom Products 42% 422 700 Actnn Explos . s v ? 2600 Boston Wroming ™ 1 1A) 1000 Divide Ear . | Ajax 73 ‘s | Jones Bros, 2 2 200 Am Candy vette, Se 200 Brarox O11 ' is 8 | 1900 Bi Mettador ........ 3 2% Alaska Gold 1% Kelly Spricgtield. (5 1200116 400 Am Mawiian Steam Co. 7311 1090 Burknett Van Cleave... 1M 1% 1000 Kureka Croesus 1% 1% Adega Join 1% ei ee tan 1000 Am Mareoul oo... 6M 2000 Carib Synd 8M 28) 700 48 Mlming ie 1% Ae, Cudtmen a SAG eee 31% 90% 100 Am Safety Raror ue Ht Carib Lead E we {a 1% 1% AM, Agri. Chen. [Boyes salle 4 ‘conciusions (00 Armour Leather « 10% 16% 1000 Cosden & Co. 5 | 1300 MWe 1 14% Am. Beet Sugar a py eg ine 900 Atlas Favs ny 200 Cushing Pete 2 . Y te 7 2k | Loew's Ine ig i 2600 Brit-Am Tob coup 4 $000 Dominion O11 sb | ise a oa fb M | tam ttteg a ice 2% | 5500 Brit-Ame Tob rte ™ 300 Deawi ele "i ie, Oar ie. & |e Vee. a oa . = (8800 General Asphalt + 1) 69 | :000 Rnginerrs Petroleum 1% | 1200 Yecla Mining . 4% 1% 4A Am, Semnaten ‘ r oein te, 400 General Asphalt pf... 148 145145 | aoe peel OOF 1%] sone Soueibe Meeneial sss. 9 2) Pt lameWene Brod ttt 3 we a a Tole 14000 General Motors... 2 34-28% | 1500 Kameraida Oi % % %/ 10000 "Kaos Divide .......... 8 8 8 | Am pi hd } Teavest. wurest. (hat por windy Re 1% 1% 1%] 2400 Federst OF 3% 9% 3%! 5000 Loutslons Co ie tia deg ras . . Cory | 2 2 i “ = “ 4 dar 9 bed : Study the Profit Possibilities of Il) Io siosacn cnem 5 maak Ga oe peo im Wile & ts ot Mullina “Boy 700 Indian Packing 13 400 Gienrock Oit 1000 “Metbadt % prelate Midvale Steet 100 Lovometile u ine Gert Obani poppy a oH Pt meen Ming.& #. la tee 100 Tama Locomotive. 7s 900 Heme O11 30) Nisteine ‘ Hl Mo, Ken, & Tex 1 1100 Mont Ward Co u ites ieee. Fowshiads be Gaal, Basis Sul Siku oben Mo, Pee. sss : - ; 100 Nor ¢m Paper om 0 Houston O11 $00 Prince a i: Oat te Middle States Oil +1 33 1200 Orpheum Cireuit .. n¢ 00 Hudewn Oli 1000 “Res ¢ Py ma National Acme, +3 ; Write me for the latest netws 01 990 Prefection ‘Tire 4% © Indiaboma Met 1000 “Rochester Mines a Steel Faris... 42% National Aniline, + oh PY stocks in which interested “and ate 050 Int Petrol 58% | 1600 Roper Group % ‘Sagar. my N@ional Biscuit +1 oa copy of above Letter. z 10 Invinctone 81 | 1000 8 Siiver Lead “ Tel. & Tel... 708 Nat, Condutt. ran] : 4 Bai. | 5%] 200 Tonopah Welmon: . 2 Woo! % ‘at. kn, & Stp + 2% % B’ 118 U 8 High Bpeed Toot 4 30% 2% | 1000 Tonopah Cash Boy ie oy ian | Nwtional Lead + 3% 2900 U 8 Hew ...c6.. cece * 46 | anh Gene ‘Beide + | Nevada “Cond + &! 3 1300 Cutted Piet Prot us 1% | 900 Tenspah txt “=the |Now 0. & 7. M + 1h i 1800 Uaked Profit Shoring .. 2% * | 1000 *Tono: — N.Y, Airbrake, é 40. 1800 United Ret Candy 0... BM 5% | 1000 “Tonopah Midway leients N.Y, Cootral.. 5 | 4 ate. v Viiceoe ta sad 200 Maracaibo Ol . i 00 Tonopeh Min . 2 Ann ‘Astor he K N.Y, Dock, + ‘ - Bra sYRAcusD ra be Seng) fe rj 400 Merritt Ol 19 18% 19 | 1000 “Tonopah Mizpan ? 7 | Ameets ftealization N.Y. NH. & i + ¢ - 200 Metex O11 ss ” 4% | 2000 “Tonopah Montana 6 6 16 | Amo, Dry N. Y,, Ont, & W. + | a Phone Broad 0016 A sc naaend bao on gon | 000 Metropolitan Pet m% 3 3% | 1700 “Tonopah Mescue oe gee Aten ee Nor Souter + ¢ Direct Private Wires to Canada amas aoe ee | ee 14 1418 | 600 United astern. 3 3% 8% | Atetilam Ry. ces, Noctehy & weet ‘. t : and ali offices. ctl «al laa po ie 1200 Midwest Ret 190148187 800 Utah Revenue eI Auio Sales (or), Northern Pacific +1 ] saepiatpaaas ones. 100 No Am Oil 4 gu 4 | 3600 “Victory 1% 15) 16 | al, Commt Line Nova Scotia Stee! +3 j 5 4000 Attica O11 ' 100 Omar OU ss % 5% | 1600 West End ¢ oat "4 Hb] Ae. Gulf A WoL. Ty Obio Cities Gas 33 . ite Pease OU 1% 1% i] 1000 Whe Cape... Hot | Baldwin Loco, 5) 1124 Oke? & R + : by Prem dl sgn ah 600 Philips Pete ST 36-36 | 2000 White Caps Bat 2 2 | Baltimore & Ohio 38 ‘Ontario Silver + % 3 The St eha o> sees 1300 Producer & Nefiners... Nie 8 844 | 2000 *Witbert © 6 ~— Barrett Co, 110% 116%" 116% +1 [Owens Bottling .. ge | j i ‘on m fee fea meek Ot, 1 Ln | 3000 Yerrington ‘ 4 4 4 | Beth, Motore % 21% 31% + 1% [an Amer. Petrol... + 2% . ow WEEKLY MARKET LETTER Keb fos aha | 20000 altea Pecme anes Re pies ns lee ee tN pecans ar 0 Salt a ee bi Booth Fisheries . a We 10% %e | Penn, Geab, st! + © ; | Issued every Friday since site 500 Heqvoyeh Oil . % uy | 1000 Am Tel 6s az 5 @'kiyn Rap, Tran, . 13% 1k 18 t 1 | Peogde's Gus. ears : bE covers the active issues of the % 1 | 76000 Gen B 96% Butie Cop, “& Zine SN 8% BN + % | Pero Mara, + % 4 i P 1000 Liggett & Myers 6s 98% eu: abe Pig oy ; a Oils, Industrials, Pt ie Met Sree ’ Gitte & Superior. “254 wy a 2 | HUN, Co +a — Mining and Curb Securities. bee Soom ics mt \ Taher 7% 27% | anitteriok Co at tf 1 | Perce Arrow, + % 1 Caddo Cont, O11. 20, 20 20% Pierce + % H No one interested in the market, 1000 Geneer Pet » LIBERTY BONDS. Calif. Packing ; * lene aw. ve +18 : either as an investor or specula- y 200 Manton Ot % 3 1-26 96.50, off .20; Ist 43 90.40; 3d 4a |CBlif Petroleum .. + % [Pond Gk. Coal. — iM tor, should fail to place his name (Main 1400 Superior O11 rr 15 190.30, up .20; Ist 41-48 91.16, off .20; |Cansdian Pacit % “Prem Steel - oe ‘our mailing list, to receive a part 5 100 ‘Texas Ranger ™ Ml og 41-4 90. 4 J “~ [Cent, Leather . % + % | Pullman Co. + ‘of this full-of-value publi- B 1500 Texas Cow t.. 48% 48% 1s 90.66, up .02; 84 41-48 93.16, | Cerro De Pasco +1 | Punta Sugar +2 H akeever ros. 600 Trinity Ou S58 58 | UP .06; 4th 41-48 90.96, off .04: Victory | Cer.-Teed Prot + \%| Rail Steel Springs +1 ; Ame tor Copy No. 98 170 BROADWAY, NEW YORK cry, Led seca hag 18% 18% 18418 8-48 97.76, up .10; 43-45 97.78, off .06, | Chandler Mot 5 - M4 | Ray Copper: + Chas. A. Stoneham & Co. tee yok. we dae a Rigs Cine, & Ohio O54 92K HN rang + s. 0 Victoria ON new. ‘« 1% 1S! DENIES HUSBAND” CM. & 3. P. Ry 38 = 35% 30%) + 4 | Hemnington Typ + 41 Broad Street, New York 2340 Yule ont ee 'S CHARGE. | ‘bo. ps iy BB Rep tea & Bod. 101% ef . cuRS tem Males. * % RB ga ae oN RSS Oh, BR. 1, & Pac 2% — te 3300 White O11 31% 9% 5 Mrs. Rosalind Harrington Frost of }(.ti 1, ¥. Ope o 3.1" pe pedo hptar heli on 2800 White Be 2% %% 22% |Garden City, L. 1, filed affidavits ‘in the {@! Urea West ., CE Beg peolee itd eee a 208 Wenham oe ® |Chameery Court at Jersey City to-day in |e & Nor iy th LU | Semboura aanivine. § i 3 answer to the div A be i 4 " p 900 Alas-Br Col oe % 1% If} band, Elihu E Frost i Paanst ann ‘Chino Copoer ait: | Se oe a8 - 500 Arizona Silver 1% 1% 1% | Submarine Boat Corporation. Mra, {Ck © & 8 aN — 96} Seat 6 in i Lost, FOUND AND REWAI 000 *Auanta 2 2° 2 | Frost has « croas petition for divorce on |iRtt estoy " aati we a i (td “Teicha Divito. 1s 18 15 | her own account Col & Southem 2% + 1% | Southem Pacific .. 96% : Sole aes | POUKUES: | ie ciea a ie 8 | an oneae chan nia rie with tnfdatty [tl Urcaceine Se S|, : R05 wonl ie oI HELP WANTED—MALE. ie nie Leas ot gh] inte ashdawit admits "knowing “Sits [eon caer din. Ped oo 5 SS ~ ¥ : rost. but denles anything more than | ¢, af : ' Giamond caw; te. | OOK. Wenied, mood cook. Avwly © to 12, 7 / | Con, Int-Mino, 18% + | Studebaker so + % } ; aed te ent nw ertholanew's, 210 Mast 2a ot 15000 *Rost & Mont ss er |easual friendliness in thelr relations, | Co", Int’ rid [agente 8 be a Com Prod. si 4.1% | St. Jomo Lead. 16% % Gane s St, Ld San Fran. “20% + % + é Crucible Steel .. 2G + 9%] StL. & Souttwese 14 +1 ' a ' ‘ Cubs Cane Sugar. 45 4% — %|Sbell T. & T.... It pry if a . Cuba Cane Bug. pf. 81 50% 80% + 1 [Tenn Cop & Coen 104 + *% : os Con. Text, Cory... 21 3 % + % | Temas _O0..... 14s —- 4 BY a Del. Lack, & West 170 Tess & Wac. “ + % y iaalias 2 Gitecs os zi a | Poteet.) 70% +18 ‘ ' % Den, & Rio Gr. . 7% 1 | pee Ole Ad ‘ p Den & Ito Gr. pf, 16 12% 13} | TTanmue A AWaliame + % — : e ° Dome Mixies Mo 1% wiey % | Uabn Bee & P.. 80 + % 3 ae Badgen> Deal a ns ee Union Pacific «4 120% — 1% i O Uu Ss Qa e L ar > Kndicott-Johnston 115 2% 11h Union O40 bes $s ; ‘ VAG ccm mew United Alloy Ss. 448 a% - - @| Rerie 2% 20% United Fruit . 198% + 1% ; of . Famous Players »» 73% 72% Loge diated belt + % $ ‘ ’ Fisherbody 120% Un, Retail Stores. 1% + le : Fisk Rubber...) 98 Eon eis Oe. 18% + i i 2 Freeport Texas .. 23% ee ed 73m € . Ga 7 i 7 fabs 4 : e po ist we sh 8, Real & Imp, 46% +1 . preg Pipacdaneadel bd 8. Rubber...,. 100 + 1% ou can ge a ee 2 i St i 4 5 faa eeiagel Ps J, 3. Steel 99% % (seatromgco U.S, Steel pies) Aut % i , ae Via copies 2% 1X Granby Minn, CMe be s passable drifts. are cancelled indefinitely. 3 < A tight a the city in the famous But it is i in dry crystal form. j evaporated milk. removed to make it dry. \ : The clean, sparkli : your grocer’s to-day A milk famine in twenty-four hours—the prediction of milk dis” ‘ tributors, Loaded milk trains caught in the grip of the storms that are sweeping the northern part of the State—stalled in im- ilk piling up at stations waiting ior trains that situation—worse, it is reported, than the famine that faced blizzard of '88, possible to have fluid milk if you haye KRYSTALAK. Krystalak can meet this extreme emergency. You can get Krystalak at your grocer’s to-da It ia tot a condensed vn It is pure, fresh milk> unchanged the cream has been taken away so that it will keep, and the water re, fresh milk, not a canned except that white crystals are carefully sealed in the sani- tary blue and white para’fin covered package that distinguishes ‘ Krystalak. One package furnishes q You simply add water as you wish open until all is used; requires no ice, and does not freeze. Many people prefer it to fluid milk for cook ng; it is so uniform in q / so economical, The U.S. Government, itself, endorses it for its bacterial purity, digestibility, economy and other excel- The 50-cent package makes _ . 5 quarts 10c-a quart quality and lent qualities, ; iF | } | fou 1 use it. with a five quart supply. It keeps after it is You may use Krystalak for the first time to he'p you out in this crisis; but its convenience, economy and fine results will make . you, as it has every user, regard it as an everyday necessity. Go to your grocer to-day and buy the 50-cent package. Be assured of a constant milk supply—of the nourishing milk dishes you and your family require. KRYSTALAK Better for cooking than fluid milk At your grocer’s THE DRY MILK COMPANY 15 PARK ROW, NEW YORK High tow, baw | l Grew: Nor, Re, of, Watt, Riverside Drive, N. Y. City, and not at 8.80 o'clock, as was announced. Rela- tives and friends invited, HENLY.—GEORGE. Services at the CAMPBELL FUNERAL ‘CHURCH, Broadway and 66th st., Fri- day, 2.20 P.M. MULHOLLAND,—JOHN, died suddenty, ~ Monday, Feb, 16, dearly beloved husband of Alltia Mulholland (neo Seeling), be- loved father of Joseph J. and Harry M, Funeral from the late residence, 837 96th at.,, Woodhaven, L. 1., Thursday morning at 9.30 A. M., from Gate of Heaven Church, Orone Park, VAN NESTE.—At Ridgewood, N. J., pud- of busine: session. money to market of Rev, John A, Yan Ni Funeral service for family and tmme- diate friends at her late residence, on Thursday, Feb. 19, at 2.30 P. M. | Friends, neighbors and Claffis of Para- lie, Rumors Veuadium Steel Wavash pt, ass CURB FLUCTUATIONS - IN OILS AND INDUSTRIALS 3 until The’ upswing was due conditions, movement of foreign exchange rates, the favorable provisions of railroad bill which will be presented to Congreas to-day and to spread of knowledge of is known as an over-sold condition and that brokerage loans have in many instances been reduced between fifty to the in what fac were rife tha railroad mergers are on is | | t+t+tt+g+tet Green Bay... Wabash pf, B 1% Gul States steel West Maryland % Hawkell & Barker 35% West Pac Cory... % Homestake Min. 81 | West Pac Corp pt 1% Iimois Central Sis | Western Union. Lnmpiration Comer. Ot Westinghouse + Interbro Gon... 4 a Wheeling 4 Interboro Con. of. 111M + AK | WitlysOverland Inter, Agri, Oom.. 16% 16% 16% + % P White Motors... % Tot, Harvewer ... UT% 1T% 1T% +6 | Worthington + 1% Int, Mer, Marine . 31% 30% 30% *Kx dividend, Int. Mer. Mar, pf 814 KE BM HK oa Int. Nidal 2.0... F a Int, Paper . a DAVIS.—Funersl of ROBERT BEN- SON DAVIS. husband of the late Jennie Weed Davis, who died Feb. 8, “ Los Angelos, Calif., will take piace| Stock prices to-dy showed a further Thureday. Feb. 19, at 2 P. M. from| Substantial rebound from the low the home of hi: ughter at 330| prices of Monday. he tendency was decidedly upward from the beginning the close of the to easier the orderly the that the technically ot Gani f ‘1 Feb. 1 1030. and sixty per cent, Also, sentiment lenly of pneumonia, on Feb. i was encouraged by the favorable ROXSON: Peter eane WIKOFF, wile) cnaracter of a half @ozen or more annual reports which were made pub- t several big the tap is. mus are invited to call and@ pay their|One group named nncluded the | last reepects to Mra, Van Neste, Wednes: | Northern Pacific, Burlington and FOF otening, after § s'cleck, Great Northern, Another reported FUNERAL DIRECTORS. A telephone call will representative to may be, with the leas FUNERAL DIRECTORS. “CAMPBELL SERVICE” IS NOT CON- FINED TO NEW YORK CITY. bring our u, “wherever possible delay. We have personal representatives almost everywhere, FRANK E. at 66" it. ptesriot f Call “Columbus 8200” Any Hour, Day or Night. Occasions, Artistic Funeral Designs our Specialty CAMPBELL vA mia 23” Street at 8% Ave, ) SENATE CURB ON SALE OF SHIPS MAY ADD BILLIONS TO TAXATION (Continued From First Page.) de figures on replacements and repairs, nor does it take into con- sideration the stress of competition and the inevitable lowering of freight rates as the war torn world gradu- ally readjusts itself, Guided iby the assertions of in- terests which are committed to Gov- ernment ownership and control of the American merchant marine, mem- bers of Congress have declared on the floor of the Senate and the House that the thirty German ships offered for sale are, worth all the way from $125,000,000 to $215,000,000, As against this let us produce the public records: | HOW NAVAL EXPERTS VALUED SEIZED SHIPS. Some time after German skippers \ steamed into Atlantic and Pacific American ports and interned their ships because Germany had gone Into war with Great Britain, France and Russia, Cofgress directed and \ the President approved@an appraisal | ‘of the German vessels which had sought safety under the American flag. The object of the appraisal was to obtain a valuation which might be of value in case, at a later time, the German Government sand the United States should becomé in- volved in a controversy over thege ships. The work of appraisal was turned over to the United States Navy. The United States was at that time harboring 107 German apd Austrian ships of all classes. ‘he naval department app: board placed a valuation of $3) 000,000 on the whole outfit—not on the thirty ships which the Shipping Board now purposes to Ht but on the 107 ships which d fled to our ports to avoid British, French and Russian men - |and the ships of the White Leyland, Transport Nines. P. A. 8. Franklin the guiding spirit of the Internas tional American line and owns the sf Dominion and Atlantig Mercantile Marine is a des gcendant of the family af which Benjamin Franklin was a member His father and two brothers fought in the Civil War, one of his sone fought with the American A) France and another graduated from Plattsburg and served in this couns tey as an officer at Camp Meade During the war Mr. Franklin, at dollar a year, acted as Chairman the Bureau of Shipping Control of the Shipping Board and had charge of all tonnage owned, chartered, controlled by the Government. ‘Hig duty was to get to this country cse sential imports from all over the world and to get army supplies td “rance, Wiianer his direction 7,000,000 tond of freight were moved during the wai and when the armistice was sign he had under his ecritrol 1,185 ships, WHEN THE U. S. BACKED OUT, OF A TRADE. j Karly in 1918 a British syndicata ‘made an offer to the International Mercantile Marine to purchase thé ships of the White Star, Leyland, Dominion and Atlantic Transport lines. The International declined the offer. Then the United States Gove ernment, through the Shipping Board, lotferea to buy the ships of the Whitd Star, Leyland, Dominion and Atlantio Transport linés at something under $100 a ton—about what is offered nm for the thirty former German shi as they stand i The design of the Government was to take over the White Star, Leyland; Dominion and the surviving Atlanti@a Transport ships for bringing our soldiers and surplus supplie¢ home from France. It was costing about $80 to transport one soldi overseas, ‘That was the rate the Gor ernment was paying. The Shipping Board experts figured that at thé rate of $80 per soldier the ships would pay for themselves in a few trips. before the German crews on the ships had wrecked the machinery. before the passeng for transport purpos damaged by such use to the ex- tent of more thi which is the esti putting them into condition fi rvice as passeng carriers. The valuation on the Vaterland now the Leviathan—at that time wa: | $7,000,000 and she had aboard all her | magnificent decorations and works of art and all her expensive fittings |and she was brand new. The Ship- |ping Board is now offered only $9,000,000 less for 30 ships than the naval appraisal board fixed as the value of those 30 ships and 77 others. | THOSE 30 GERMAN SHIPS TOO OLD FOR JSEFULNESS., Those who want to force the Gov- ernment to keep the former German |#hips and go into the passenger and freight steamship business have spréad broadcast the intimation that the thirty ships offered for sale are prac- tically new ships. The fact is that the Leviathan is the only ship of the thirty that is not a veteran, and she is six years old. The average vife of a ship is twenty years—that is, ship- owners write off a ship @s qualified for retirerhent after she has seen twenty years’ servic ‘Two of the form are 26 years old. Two are 24 years old. The average age of the thirty ships—passenger and freight—is 18 years, The average age of the pas- senger ships is 16 2-3 years, Hidden away in the voluminous records of the Shipping Board are the records of a transaction which, so far as I can learn, hag not come to pub lic notice before now. It has an eye- opening bearing on the claim that the Shipping Board is in a conspiracy to turn over the thirty former German ships to British shiping interests. Before going into the transaction it might be well to say that Chair- man Payne of the Shipping: Board has thoroughly examined the Inter: ational Merchantile Marine Corpor tion and is satisfied that it is 100 per cent. American. The Interna- tional Mercantile Marine owns the + German ships In November, 1918, the deal wag closed, The International Mercantile Marine had agreed to sell ail its ships flying the British flag to the United States Government. Then the a mistice was signed and the United States Government backed out of its contract, which showed a prospective saving of $50,000,000 in troop and surplus supply transportation. Here was a case in which the United States was within reaching distance of acquiring a fleet of America’ owned ships flying the British fi all of which were in good condition and specially adapted to the purpose@ of the Government. Now, as to the question of the desirability of Government owner- ship and operation of the merchant marine: Great Britain controlléd th: shipping of that country throughout the war. But as soon as the war w } ever Great Britain immediately pro< ceeded to get back to peace condi< tions—just what tHe United States should be doing now—and turning over the ships and shipping to pri- vate owners. For this statement I have no less an authority than Hurley, who preceded me as Chairman of the United States Shipping Board, WAR OVER, ENGLAND GOT OUT, OF SHIP BUSINESS. Shortly after the armistice was signed Mr. Hurley went to Europe where he spent thre months in a survey of the merchant shipping sit~ uation. On his return to the United. States he submitted a report to the United 8 e ping Board, dated March’ 1, 3919, from which take the following extracts: in England the policy is to avoid ionalization of shipping and withdraw control_as promptly Possible, The movements in thi direction, while considerable, are subject to needful restrictions thus far. It was only the other day that a prominent English news storing th rule of private initiative. The sale af certain uncompleted standard ships has been arranged by: the British Government, and it may be well to draw your attention to the procedure under which this transaction was conducted. January, Lord Inchcape, in proposed consolidation was supposed to include the Union Pacific, Southern Pacific and Chicago Northwestern It may ‘be stated officially that these reports are decidedly premature to say the least It should be understood that any such mergers must, under the provi- sions of the new Railroad Bill, first receive the sanction of the Interstate Commerce Commission, which also has the power to supervise the details of any such mergers, including the issuance of securities which any mergers would necessarily involve. Cireuiation of such reports at this time must be construed as an attempt to fan up new speoulative interest in railroad shares which have long been neglected by the trading public Strength of railroad shares late yep- terday and in to-day's session can better be ascribed to the provisions ad bill which makes it pl that the carriers will receive a return of 6 per ceft, property investment, Steel, copper, motor, oil, equipment, on and miscellaneous industrial groups all moved forward confidently and quite vigorously. In the highly specu- lative issues sueh as Gen jand Crucible Steel gains amougted to around ten points. In the more®stable |ehares advances ranged from two to four points and more Money opened und renewed and loaned throughout the day at 6 per cent, and was at all times in liberal supply at that figure. Brokers do not believe that there is any imme. diate prospect of a sharp advance !n rates above this figure. Dealings in foreign exchange were of the perfunctory sort. Demand sterling hovered around $3.36 1-2, or about last night's closing Other exchanges were steady The cotton market moved irregu- larly, but with a heayy undertone. Local traders, who profess to be pes- simistic over the outlook, were mainly responsitle for changes in quotations Liberty Bond issues were inclined to be weak, losses ranging from 2 to 10 point Motors figure. wnat r to the Chamber of Shipping, announced that, in conjunction with Sir Owen Phillips (of the Union Castle Line), he had agreed with the Shipping Controller to take over the contracts into which t! shipbuilders for the construction of standard steame: About 137 such steamers were building, and this number was therefore in- volved. The agreement does not, however, reach the ferro-concrete steamers, few in number, which are under construction for the Admiralty. Lord Inchcape went on to state that the vess they w In the allocations re ard feud be had to the magnitude of Phillips are apparently Jittl than ‘the intermediaries between the Ministry of Shipping and the shipping companies. instead conducting the b vate sale, as h. di Iding contracts by a single transaction and has shifted to the shipping compa a body ti task of allocating the unfin tonnage. Such a procedue simpler for the Ministry and, 1 am informed, more satisfactory to the companies. ‘The terms of purchase and re- Purchase are not known. The 6 ti appearing in*the new: papers relative to the transac- ion between the intermediari is that some $100,000, volved. Undoubtedly ¢ is writing off a consider, of its construction costs, price made to the compani naturally a satisfactory on - ts ‘ Tt will be seen from this that the British Government, for generations the leader of the world in shipping, proceeded to get out of Government operation of the mi chant marine as soon as the armistios was signed and had the work well under way within three months after the end of the war. The Evening World is simply advocating that the United States Government do just what the British Government ‘has done and thereby save the people hundreds of millions immediately amg billions in years to com control and