The evening world. Newspaper, June 9, 1920, Page 24

ne if FE BEessgs a i ne Pa A hs aa z ta a ee He zen L++) 1144141 + [eee P Tht +b lttetei tl Fit Vitite s ee eeteerececce Fe eee3 ceeesese “2 = FeeeSER Keer rer SS osskes I GLOSING STOCK QUOTATIONS tat, Eien, 90% —~ 1% ested sees” oF” eek” caveds PHht+etl bee i el eet ie iseeel et owe - eesesReceses eeese were er esses +t] Feet tl (ALA Lede bs peteet it Fthi ht Fee 444) 444+ i+ PF A eeere #eeee S¥se eres FF 2500 *Releher Divide 8800 *Releher Hext . 1000 Mig Ledge 1500 *Hoot 2000 "Host & Mont 1000 *Cat Min €00' Canada Cop 700 Candelaria M1 200 Con Vireinia « 2000 "Coren Silver 1000 Cresson Gord, 1900 +78 Salvador 1000 *Rrmna Sitver 000 *Tonorah Midway . 60° Tonopah Min 1800 "Ponape Mi 190 SFonopay Monten 1600 *Ponopah Tes us 200 Vutted Rastern 15 0 *Vievory fe THREATENED MRS. VILLARD. Mich. Low, Last, s 5 6 ee OR + % ‘ ‘ ‘ 7m 1 10 a FE Weoley & & OM 3 ye Me OR 00 es ey % % 3% 2 ti pacd % i ' ks si PRICES Btock Exchange price swings to- day were so narrow that but few of the floor traders had the courage to attempt to “scalp” a profit. Commis- sion house business was practically at a standstill, The Folume of traa- ing was approximately the same as that of yesterday, which wi the lightest of the year. The bulk of the day's business was done in the first hour. Because of the unexpected cut in Chicago and North- western’s dividend, announced yes- terday, bearish professionals sold the leading railroad stocks and circulated reports that additional important rathway dividend reductions will soon be announced.. However, no particu- lar companies were mentioned and the rumors were #0 yague that they failed to receive much attention. Out- side selling of the rafls was not in- duced, and the raid soon ended. After showing fractional recessions the railroad list crept up to around last night's final figures ing con- tinued in good demand on expecta- tions that coal properties soon will be segregated and that important benefits will accrue to stockholders. It was the most active stock traded in. ‘The Republican Convention at Chi- cago attracted much more attention than the narrow stock market fluctu- ations. Definite indications as to who will receive the nomination were eagerly awaited, A large number of big market operators, man who were lorgely responsible for the recent bull boom and the subsequent down swing, arg on the ground and if Low- den, Knok or some other so-called conservative is nominated it is antici- f tea that Chicago wires will be kept usy carrying buying orders, ‘These expectations are entertained despite the fact that money conditions are decidedly adverse to a bull price swing at this time. Time money \3 again al unobtainable and call rates to-day rose to § per cent. One factor back of the present stringency is that banks are making preparations for June 15 tax payments. But bank- ers admit that really easy money con- ditions will not prevail until the Fede- ral Reserve Bank is able to force an important reduction in the amount of commercial borrowings. As the seasion dragged on through the afternoon sugar and oll stocks came in for a larger share of epecula- tive attention because of the pros- of increased earnings most of companies possess. Equipment, and miscellaneous industrials were irregular. The foreign exchange markets were generally ateady with the exception of the rates on Far Eastern countries, which suffered somewhat because of the slump in bar sib Demand sterling was firm at $! The corn and oats markets were strong, and feet between 2% and 8 cents per yushel, LIBERTY BONDS. Second 41-48, 85.80; 31-2s, 9. 4s, 86.20; &d 41-48, 89.68; Vie: 95.40; 43-45, 96.40; 4th 414s, 85.64. DIXIE HEROINE’S DAUGHTER SUES Mrs. Mowery Seeks Separation and Husband Is, Suing for Divorce, Byrn H. Mowery, daughter of Belle Boyd of Mantineburg, Va., famed Con- federate secret agent and popular South- ern hetoine, appeared ‘before Justice Newburger in Supreme Court to-day in her suit for separation from Harold W. Mowery, prominent New York business mo which has been pending since 1916, Mowery has counterclaimed for absolute divorce. ‘Mra, Mowery names a certain Loretta Bean, and her husband names in his affidavit u certain Gus Williams. Mrs, Mowery sets forth in her am- davit ‘that she is the daughter of Col, 8. Hammond and Belle Boyd, and late King Edward, then Prince jes, was a guest at the wedding of her parents. fhe was married to Mow: ery in 1906. She says he is sales man- ager for the American Aprasive Metals ‘Mrs, Mowery was twice married be- fore her marriage with Mowery and has a daughter, She has chanced her counsel in the case ‘four times. Thi THE EVENING WORLD, WEDNESDAY, JUN STATE BARGE CANAL TRAFFIC +Waterways Costing $155,- + 000,000 Could Carry Food Cheaply to City. BLAME U. S, OPERATION. Great Artery Capable of Being Freighted With Commerce of Half the Continent, Sophie Irene Loeb of The Eve- ning World staf—a thorough investigator with a thoroughly well grounded knowledge of the aubject—has made an automo- bile tour of the highways and byways of the agricultural coun- ties of New York State for first-hand facts about farm con ditions affecting food production and prices. Professional farm- ers have quoted at length with referénce to threatened curtailment of production, scar- city of labor and high prices for farm necessities, but The Hue ning World is the first newspa- per to go direct to the farmers themselves for the facts. Miss Loeb has written a series of articles, which will disclose facts quite startling to the New Yorker and the country at large. The tenth article follows: By Sophie Irene Loeb. LITTLE FALLS, N. ¥., June 9.—It may be only a coincidence or tt may be that the two conditions have some relation to each other, but the de- cline of the commerce of the Port of New York 1s paralleled by the Cline of traffic on the State Barge Canal system. The Barge Canal 5; tem, for which the people of the State have obligated ihemselves to pay $155,000,000, was designed not only to bring food and produce from the fields and farms to the people of New York City, and thus reduce the cost of living, but also to feed the com- merce of the Port of New York. But the canal is working at only 10 per cent, of its capacity. It is, vir- tually, an enterprise rotting in Its banks, failing utterly in the accom- plishment of the purposes for which it was constructed and at this time serving almost exclusively private corporations to their benefit and profit and aiding the commerce of the Port of New York only to the extent that private corporations di- rectly utilize {t in their export and import business. General traffic ie a mall factor. In a study of the patrons of the canal I find that the Standard Ol! Company 1s perhaps the largest bene- ficiary of this great waterwey paid for by the people. I am told by lock- masters that more Standard Oil boats go through than any other kind. Not only thid, but it is Delieved that the cana} operations of this co: poration have proved so highly satis- factory that they anticipate economic and large development. ‘he tank barges of the Standard Oil Company last year carried more than 190,000 gallons as far west ax yracuse on the Erie Division and northerly to Whitehall on the Cham- plain Division. The mostly of gasoline and kerosene, ag- husband's ault for, abeotme divorce ie CHARGE BEATING BY POLICE. Men Attacked tn Restaurant Try to Fiend What It Was All About. Charging that two policemen be: them up without provocation in a res: taurant where they were quietly eating Sunday morning, Fred Gebhardt of No. 2500 Eighth Avenue and Frank Mathews of No. 145 West 116th Street to-day asked Assistant District Attorney Kilroe in he Washington Heights Court if he t the excitement was their two alleged as- ‘was Policeman Foley could tind out wh alleabout. One ‘sailants, ‘they sa the 116th stre tr Tye] ,,The policemen wi Bt » rd man when they saw = no ants, they sald. ‘The policemen ree a their prisoner, who they believe i ; eaped, ai attered Gebhardt and Iw ts | Matthews, it was charged. An investiga. i P* ton is under wey and examination ot H i the policemen has bee! t for June 28, “ "| PACKERS GET 60 ar GE | 60 ‘DAYS MORE. td $e Additional Ti Divest Them- we selven of “Side Lines.” EM ME] WASHINGTON, June 9.—The Die- Caroline Smith, negro’ servant, of No. 249 Wont 64th Street, to-day was sent to re days by Magistrate of Oewald Villard, Nation, who clali abusive Mrs. Villard sa! electrocuted. to each letter wi four « week. periodically wre ‘ Bellevue Hospital for observation for ten tn West Side Court, on complaint of Mra Fannie Villard, of No. 625 Park Avenue, wife formerly editor of the Evening Post, now editor the is she received threat the girl, direatened F to Kill her apd paid she, with a muynber of other prominent persons, should be girl 6! trict Supreme Court to-day granted to the several large packing companies an extension of sixty days in the time in which they may submit to the Court the plan for divesting themselves of activities held not to be allied with the meat business, Under an agreement announced ‘De- comber 18, 1919, the packers accepted an injuction deoree sought by the De+ partment of Justice which would force them to sell their holdings in public stock yarde, stock yard raflroeds and | terminals, market nowapapers am! other subsidiary activities, edlpreaereontin ke of Syracuse Dead. SYRACUSE, June 9.—Francis Hend- ricks, Republican leader of Ononda for more than fifty years, died Francis. He: The next largest beneficiaries of the canal are the General Electric Com- pany and the Ore Carrying Corpora- tion, The General Hlectric ‘freight was largely export goods sent abroad. On the return journey these boats carried imported matter such as raw ma- terials, rubber and the like. ‘This concern sent last year nearly 17,000 tons more than the preceding year, The Ore Carrying Corporation car- ried nearly 17,000 tons more than the preceding year, This concern found that even ‘when the boats conveyed cargo on the New York trip alone and carried nothing in return the cost of transportation Was appreciably less than the ratiroad and the revenue higher. I cite these corporations only as examples, Of course they have every right to use the canal and will con- tinue to develop this form of trans- portation for their own economic aa- vantage. If the great purpose of the canal, which to bring to the tonnage carried, consisting gregated 46,151 tons, an increase of The! more than 30,000 tons over last year, (Cw swear} ONLY TENTH OF CAPACITY OF THAT GREAT WATER think of the thousands of people in the poorer sections of the city who could have fresh n vegetables every day at a minimum of cost if something were done about this canal. Potatoes Yaised in northern New York State, in the Black River dis- trict, fruit from Monroe and Or. leans, wheat by way of Buffalo and kinds of farm producta, to say nothing of other kinds of merchan- dise from the Great Lakes and all New York State's borders could be brought to New Yorkers in these hundreds of boats that could enter New York Harbor every day. At present, the farmers all alo the canal take their produce tu the nearest market in trucks and wagons, Year after year they only produce what ls necessary to supply these markets. But !f canal terminals were estab- lished, a largé group of farmers could’ bring their produce to them and the produce could go direct to New York. All estimates thus far given have shown that the éanal bas transported cargo on the whole much more quickly than the freight on the rail- road. The differential from water to rail is 20 per cent to 40 per cent. Thus it can be estimated how much cheaper potatoes and such other pro- duce of the State could be sold to the consumer in New York City if the canal carried a great number of boats on schedule time, one right af- ter the other. Why is it not done? Edward 8S. Walsh, Superintendent of Public Works, will tell you one of the chief troubles is lack of boats. Just at the moment he Is trying to get the boats the Federal Govern- ment used during the war. It seems to Mr. Walsh, as it does to all ine terested, that the Federal Govern- ment, having used the canal, might well present the boats to the State. Also he wants the Federal Govern- ment to quit all operation on the canal and let competition of private business concerns have the opportun. ity to develop. (It is commonly be- lieved that the Federal Government thas quit operation, but this 1s not a0.) Now all this may help, but af- ter a thorough investigation of the non-development of the Barge Canal, | would say that the chief trouble reatest com lies in itor of the canal horitative body, r, tells the rail- get and also “where to get on” in connection the Ne need not expect to see this costly wa- actually reduce the cost the operation greatest For ye freight has attemp: out results. If there we: terchange of freight ra could be continuous and’ com- bined carriers from Cleveland ago to New York by r: ont water... hioa watt ‘or years a co-operative scheme of railroad and canal which would allev all congestion in this State has failed to ma- terialize. the canal has come in determined to do something and the progress has ‘been ponderously slow. Capital has feared to Invest in boat equipment, not being sure of the safe differential as between railroad and canal nor certain of a co-operative method for handling freight wherever necessary. BANKING AND FINANCIAL. he Stoneham WEEKLY MARKET LETTER issued every Friday since 1903, N covers the active issues of the Oils, Industrials, Mining and Curb Securities No one interested in the mar- ket, either as an investor or AN) speculator, should fail to place N his name on our mailing list, to § receive a copy of this full-of- R value publication. \ N Ask tor Cony Mo, 99 A N Chas. A. Stoneham & Co. 41 Broad Streét, New York BRANCHES -Detroli—ALlwaukes LIBERTY BONDS |, here aaa ee PURDY & CO., Tel. John 3174-5-6-7. 34 Pine St., N. ¥, LOST, FOUND AND REWARDS, a , average consumer of the congested areas all kinds of produce, is cer- fw accruing to the individual con- sumer. All along the line, the men operat- ing the locks and those in close j teuch with the canal eituation com- plain bitterly of the disuse of this gigantic artery of transportation. With great pride these men took me into the power houses and showed me how millions of dollars bave been spent in the most up-to-the-minute machinery in the world. It all works like @ push button Process, It is the last word in mod- ern mechanics, Hundreds of boats coutd pass through these gateways, where only a few are moving, It takes fifteen or twenty minutes for a boat to go through. Thus in twenty-four hours, | nearly one hundred boats could ‘ae T stood on those various locks along the line and noted the sur- it ye ' tive country, i sould’ pot” ely: bul ae . i tainly defeated as far as any benefit | being RANDER.—JACOB, CAMPBELL Fv. NPRAU CHUROH, Friday, 11 A. M, SELL.-EDWARD. CAMPBELL ¥U- NERAL OHURCH, Wednesday, 8 P. M. a FUNERAL DIRECTORS, At Your Service, Day or Night FRANK ©. CAMPBELI, “THE FUNERAL CHURCH” Inc, (Non-Seotartan) 970 Bre at +e Official after official connected with’ ‘There is plenty of money ready, not | —— only In the concerns who dre using the canal to its utmost advantage, but on the part of other investors when these’ few elemerits are fully devel- oped. But somehow, somé way, just as the railroads did everything to discourage the canal development, Just. so to-day it is practically im- Dossible for those in power to secure any co-operative scheme or inter- | chanee of freight that will settle the matter once and for all and thus in- vite full development. One mistake has been made in the building of the canal. The height of the bridges is but 15 1-2 feet and this admits naturally of only certain styles of boats. ‘ | "The present effort in getting the |Doats from the Federal Government for the State and the seeming lack of development during the Federal con- trol of the canal are described by Mr. Walsh as follows: fi “During the 1918 season of naviga- tion the canal banges operated by the Railroad Administration carried but 18 per cent. of the total canal ton- nage. In 1919, notwithstanding the Railroad Administration had in ; Vice fifty-seven new barges of a total cargo capacity of perhaps 28,500 toni they carried, during the entira season, only 194,852 tons, or less than 16 per cent, of the total tonnage. “While the total canal traffic in- creased 7 per cent. that portion transported by the Government ser- vice decreased 2 per cent. Such a record, therefore, in my judgment, is not indicative of the ability of the Federal canal service to aid in the restoration of commerce to the waterways. | “On the contrary, I believe that the operation of Government barges carrying cargo that otherwise would be transported by independent opera- tors detracts from the ability of the independent operators, who are striving earnestly and diligently to build up traffic, to expand’ their rer- vice, enhance their revenues and add new equipment to their plants. “The task of restoring traffic to the waterways is a difficult one at best, and nothing must be permitted to stand in the way of its progress. The first requisite in the undertak- ing is the formation of many strongly financed, well-equipped carriers, “T find there are men who look with favor on canal transportation projects and are eager to engage in the busi- ness under certain conditions, and one of tie controlling conditions is that Federal utilization, control and jurisdiction of the 8 be dis- ‘continued. Few, if any, shipping men are willing to compete with @ subsi- dized Federal canal gervice that ope- rates without regard to cost and that assumes no obligation td produce a profit from its operations. | “I had believed the termination of the Federal Contro} Act, returning the rail system to their owners, would free the waterways from the obstruct - | Ing Federal influence. | “Transportation legislation pend! ‘in Congreas, however, does not estas Mish definitely the status of the in- land waterways on which the Govor i. ment has operated barges and Jt } proposed to transfer the Government's inland waterway activities from tue Railroad Administration to the Unitea States Shipping Board, to be dealt with by the Shipping Board under t1s provisions of the Shipping Aot of 1916. “If, in this summer/the Government should continue its ‘canal operations through the agency of the Shipping Board, the situation would be ua- changed. “There still would remain in op- eration a Governmentally subsidized transportation service with which private enterprise is reluctant to compete, in fact, with which it de- chines to attempt to compete. \,"L do not understand that the Ship- ping Board is authorized under the Shipping Act to operate vessels or barges it controls, but must permit of their purchase, lease or charter when persons or corporations came forward with a proposition that sat- isfied the terms and conditions of the purchase, lease or charter prescribed by the Shipping Board, “If, therefore, pending legistation will be the means of terminatnig the Federal Government's activities of the New York waterways and of re- leasing Government barge equipment for private operation, the problem confronting the State is solved. “On the other hand, if the measure now before Congress’ does not have such effect, I urge the imperative necessity of the introduction in Congress and early passage of legis- lation that will rid the waterways of the State of the destructive Govern- mental operation. “Aside from the fostering of com- panies who may furnish a common carrier service, I have been at great pains to point out to the larger man- ufacturing Interests the economies that may be realized through the operation of modern barges engaged exclusively in the transportation of commodities produced and consumed by these concerns. “Among the concerns who have given the subject consideration m be mentioned the Solvay Proce: Company of Syracuse, the Hocker Hlectro-Chemical Company of Nia- gara Falls, the Lackawanna Steel Company of Buffalo and the Ameri- can Locomotive Company of Schenec. tady. yours with a the summer, Authorized Exchange Dealers NEW AND USED BUICKS MA are aide - Those Good Brakes XWELI d by special steels Why Wish? Why waste time wishing for the freedom of the roads and the fields? The world is all Harley-Davidson Motorcycle Swift, dependable, econom- ical, it will spread your vaca- tion over every idle minute of Write for catalogue or come in now and pick out your Harley. Easy payments if desired. Open week days until 9 P. M. Sun- days and holidays until noon, Harley-Davidson Sales Co. 583-535 West 110th Street, Near Broadway. Bronx Branch: Webster Ave, cor, 165th St, ee Dual Valve Series in both open and closed models are ready for immediate delivery, Attractively priced. Harrelds Meter Car Co. Brakes seem to be one of the overlooked features of a motor car, In a Maxwell they have had the extreme of attention. For instance, a road engineer, in about 500,000 miles of ex- perimental driving, has con- stantly tested and studied them. That is why you can check the speed of a Maxwell in an instant and bring it to a standstill either by foot brake or hand brake. Special steels in a Maxwell are largely responsible. They give it extra strength in wear and endurance, but they make the car light in weight. Corner 59th Street - . Phone Circle 5550 Brooklyn Distributor: 1410-14 Bedford Ave., Thus when you call on it to halt, the brakes are not required to “wrestle” with superfluous weight, and the momentum of the car is easily stopped. These are steels made to Maxwell’s own formulae. They equal, pound for pound, the steels in any car built. But no car has steels just like them. In a large measure they con- tribute to Maxwell’s growing prestige, as expressed in figures like these: nearly 400,000 now in use; and 100,000 more for the year 1920. MAXWELL MOTOR SALES CORPORATION NEW YORK BRANCH, 1808 Broadway New York City OPEN EVENINGS BRONX BRANCH, 175th Street and Grand Concourse Maxwell-Chalmers Sales Corporation Brooklyn, N, Y., Phone Prospect 8411