The evening world. Newspaper, April 26, 1921, Page 20

Although the stock market had shown a pronounced upward trend for four consecutive trading sessions, prices this morning continued their ed@vancing movement under the leadership of olf and motor shares, and severaj issues were able to regis- ter now high marks for the year. Gains in the highly speculative specialties extended to more than two points. In the more stable issues gains ranged fom substantial frac- tions to more than a point. ‘There was considerable profit tak- ing throughout the list, which was to be expected considering the extent of the recent rise, and many professton- al traders, believing that the market 300 York receiving the most et May 16th. Use the a blank piece of paper structions contained in ebligation what. Get One of These *485 Playerpianos $3.50 a Week This is @ real opportunit price and on the easiest sort I would almost be willin, these playerpianos. I have » for 8500 up to 1918, since which time and a more all ‘round, satisfactory They will play and play for years and or involve you with « nickel’s expense. ia Also Baby Grands at $595, and Uprights at $325 upon the same relative easy 3 year payment plan. Piayerpiano, Bench and 10 Rolls Music, Your Own Selection, included. Price $485. Terms $3.50 a week. Delivery free in Great- er New York. Li 291 LIVINGSTON ST. Between Nevins & Hanover, within one block of Nevins and De Kalb Subway Stations, BROOKLYN Daily Stock Market Review VOTE TO-DAY ANDERSON PIANO To be given to the institution in Greater New nothing to vote, nor does your voting carry any ver with it. 'y to procure # good playerpiano at a low of terms, & for you to write your own guarantee on old the same Is due for @ reaction becnuse of tech nical conditions If for no other rea fons, put out new short contmcts. But buying power has so expanded that these offerings were easily wb- sorbed. ‘The materially improved prospects of an early settlement of the German Indemnity question was the factor that probably contributed most to to-day's market ‘improvement. Not only did it Induce fresh buying of stocks, but It was responsible for a rise In the rate for French francs to the highest point touched this year. The speculative fraternity took due nate of the fact that while the mar- ket by Its recent rise has demun- FREE votes up to and includ- coupon below or fill in in accordance with in- the coupon. It costs players for years, selling them they have sold for as high 4 9750, Playerpiano has never n built, never give you a moment's trouble (Signed) Tear This Out and Mail at Once. Anderson & Co. lide 291 Livingston St., Brooklyn, N.Y. Catalog will be sent of records and rolls, Mark with a cross on coupon yes or no, Lown a pian Yes...No... lown a playerpiano; Yes...No... lown a phonograph; Yes...No... I vote piano to be given, to the .. or the $500 Anderson , delivery FREE, My Name City APRIO State.. ‘ Note:—This coupon is published for your convenience. You may fill in the above information on a blank sheet of paper if you pre- fer, your vote counting just the same. You may vote for the piano to be given, FREE, to any organized Club, Association, School, Church, Hospital, Y. M. C, A., Y. W. C. A,, Y. M. H. A., K. of C. or charitable i in Greater New address in an envelope or paste on back of an ordinary 1 cent N BROTHERS Brooklyn's Biggest 2 221, 223, 225, 227 Grand Street VictrolasGrand estore, Aeoli Guaranteed first class Porcel, Top Kitchen Table. FREE Bl thie week with nny Purehass of Furniture amonnting to 875 or over for accounts. ee Credit House 164, 166, 168 and 170 Smith Street Cor. Wyckoff St. and Kecords at our Sintih St, Store, an-Vocalions' sou cnn buy \goou ves ng Koom Salts during our Spring Sale x ew Garments $1.50 Weekly on a $30 Purcha: At Our Grand as Mawes serns 2425, BOYS TWO 49.06 PANTS SUITSAE Up MLS COATK 9 15 DP DREASEND p \ v ™" ‘THE EVENING WORLD, TUESDAY, APRIL 26, 1921. Kanme City 6o.. % WR — % Kanes Clty 6 of &) — j Nels Soriegteld.. OR @ KN Ronnecot: Ooner, 20% 2% 0% i Kepdame Tire .... W% 1% 16% — 4 vie cere MO HO M0 + OM 4% 48 K+ HH Gr 4 2% m% 8s — o wo * 34% 18% * ™% we me + © 7 7 +* ow Hy 1% — 1% te 1% ” wo 4% ns oe) 8 8 4 a + h my muy + ie 124 IK % By BH + & 194 16% a ma + 1h 2 24 4 ‘ 1% 1h + fe i Sd 20% on Mi MA + aM M+ 2% Bet W ™ mu +2 Oe U4 1h 3% BH + % 2% m-— % Ah 4% -— & Be HB + 1% ~~ o% Dn rs ma ” 6% WH “ whe NM » Be Wh + IM 3% 8% ah + it om iS + 1 2% m-- *% e « 44 1G 1% 0% 60% — % BH WE — M ee : Zh Te & Pan Am Petrol B or oy, ” Pena RG ........ OM Bh BH— & Venn Seab'd Steel, 1% us a= & Teople’s Gan... 47% 46% 67% 4 % Tere Marquette ... 19% 18% BW%&— %& P&ilads Co... 1% MH Net Phillis Peerol 900 Dm | Pere Arrow 4 Sa Ww -— & Pierce OU pty 1o% 1 + Mus & Wet Ve. TR OT T%+ & Pond Orenk Coal. 6% 16h 6 + & ‘Prewed Steel Cer. M5 86% MM + % | Pullman Company... 105 105 n6 | Punta Aleg Gaeee. eh 24% @4-— 2 | Pure Ol once cece oJ —-*%* Rail Steel Springs, 68 + 2% | Mand Mines . 2 42 Kay Copper ” + * Reading . 1% + % Raplogie Stor... 4 + 3% Kop Iron & Stent. ay + w% Rep Irom & Steot pf 91% + % Reeth Motor... 19 eal | Royal Dutoh NY. OT LORT, Apr and Bath her and bea ‘To08. 3. tetra 6 h Fa | strated that it ts extremely respon- | Sive to good news it Is at the same | | time able to disregard unfavorable | news. For instance, the Central | Ivather Company to-day made known | a the fact that in the first quarter of | .4, a me ea thin year Its operations resulted in| Aw wame bow ts 8M tH ® deficit of nearly $4,000,000, Yet! Alaska Gold, 1 1 1 Jeather shares showed fractional AlteObelmen sie He TK gains compared with the closing (6m wo Hm rm + & prices of last night. Also, refined | am Beet suar.. ion re ms Sugar was reduced to the lowest | Am dikech Mee... 60% 0 OO Price since before thhe beginning of | Am Brake tno. w 4 40 the war, Sugar shares, however, Con- | Am Oma ........, 90% 9% 90% tinued to rule firm, Am Car & Pdy.. 125% 125% 126% * Gains tn oil stocks were made in the |Am Hl & loth # O% 4% 4h — face of tthe announcement that the | Aw lee .. Bh & BH + % Standard Oil Company of Indiana bad jm feo of + Ab OK H+ & reduced the price of gasoline three | Aw internation... #h 4 4 + le cents a gallon, which practically forces | Am Janmel Oi HH KH HH 4B an abandonment of expectations that | Am Locanour:. co 4s Whe & the price of crude oil in the Mid-Contl- | Ajved Chem . th &h nent field will soon be advanced. Am Gafely ilazor... 8% O% OH + Bethichom Stee! was the leader of! Am thw & Com... 0% 8% Oh + the steel group, rising about two rm Go & He... 4h 61h wa+ points on expectations that the regu- | Aw sm & dtd uf.. 18 ® me + & Jar rate of dividend on the “B" stock | Am geo! Huunery.. 30% 80 OH + will be declared this week. Steel! Am dager ........ 4% WK Be — 1% shares were ulso stimulated by €X- Am Gamat Tt... Ti 10 10% + ih pectations that the quarterly Statc-| am Ti & ‘Tel... 107% 100% 100% 4+ % ment of carnings of the United States | Arq Tabasco UT ano 116% 110 41 Steel Corporation to be issued after | gm Tubmccn oe B.. 116% 116 116% 4 the close of the market this after- | Ac, woot, Tm 8M TTR AK neon will show a surplus of approxi- | 5 Am. Zinc, o . 9 - Ww mately $5,000,000 after allowing for! 2m Zim. of nu ma ma— k common dividends, 3 me 4 \ It became known before the open- | Ausconda ---..--. AIK 4 Ail + IN f hy 7 Amt fealimtion 2% *% 2% ing of the market that the Interstate Commerce Commission had sanc- | A%,Dr Gove... Si BRL + 1 tioned the Burlington financial plan, Amonatal ui .... 108% 108% 108% + 6 but railroad shares continued to be | Athien ify, --.., 83% St ar+ & more or leas backward. There still|Atheon Ry. pl .. 7 78 76 — % seems to be a disposition to await ac- | At. Binm & AL. 3% 3% 3K — tion on the Pennsylvania dividend be- | At, Gull & W. L. 41% 3 KR fore making market commitments in| 4t.G.& W.l uf, O% %% BB +1 this group. Copper shares were firm, | Auto Salm Oony % 3% I+ % During the middle of the afternoon | Auto Sale Con ie 12 IM + OH the advancing movement in the gen- Adantic Priit 6 ¢ 6 + % era! list was temporarily checked by Asin Nichols Oh Oh OM aA wave of profit taking and new Ratwm Loo Oh SH short sellimg in the ol] shares, and Tal & Ohio Gh BH BY + most stocks in this group not only Met & Ohio of... Wh 6% Mh + lost all their early gains but showed |@utontiae Otmicg a oN & loses of a point or more compared | Heth Gtod ....... 6% 06 ST + 3% with the closing fisures of last night. |iteth Steel Sp o.. 107% 108% 101% In the last half hour, however, |eth Sed B...... 1% OF Mh + o& when word came over private wires |Mtlm Rep T of. Th 7% Th — % from Washington that the latest | Burs Brow 2 #8 B+ MK German note to the Government con- | Bram Tem cc, ae, taining indemnity proposals was fa-| Bute Gop & Zin, 6 3 6 + vorably Teceived by Gtate Department | Rute & Snperior BH i 18% + officials, the whole list spurted for-|Bamaiale B..... 2 2 ward again under leadership of the|Caddo Cent Of... 18% 17% 184 — ateels and the tone at the close was Calif Packing o 6 @ strong. Oalt Petroleum en 6% WK % Money renewed at 61-2 per oent.| Calif Pet pf... nu Tf 6 The grain and cotton markets were |Cahmet & Ariens 61 81 BL + atendy. }Oan Nectie ...... MBM MI lh — % a | Cen Leather - 3% HY Wy (aReRTY BONDS [Onn Lemther of... 7% 72% The — % Priem 2 P.M |Cerr De femen,... 30% 2% 80% + % aS is 2s wey, Cmte eee. OO me NY oe ee oe eae aera. oe ou sh’ She he fe Wh 45 som cua SP Rhee WM WM 4 tH Dp i6 14 7R6.000, hs + 2 tye mao 0% SG:32 Ramone (OM Poo Tool... Oe OM OM — 1% Oy Be Oa EO Beltstdetcre Sf Se Vion Wye 9780 ide rte Bboy CA TAP pete bolas ma at bf DIVIDENDS. © Gt Wentern of. 17% 1TH TTR — Buckeye Pipe Line Co., declared | Obile Copper 2% NK 12 + % regular quarterly $2 dividend, poy. | Chine Qoppe a able June 18, to stock of record! (Gy maa i we oe a June 1. ~ 3 Imperial Oil Corp., declared regulatd Ca dust Mea a on maT © 1% @ + % monthly dividend of 1 per cent. on| Gauene ¢ on Gro... 8% 8% 8h the common stock, payable May 15 ; to stock of record April 30 oo oe ee eee : Consol Cigar. 0% 0 0% — = = Se = | Comol Gas. 8% 1% 8% — % BANKING AND FINANCIAL. Consol ‘Textile 19% 19% 10% | Con intorcel Min 6 5 CRF % | Cont Gandy 1M 1% 1M + Coaden OD 4% + 4 To + ih | 1% — % How to Trade | cm ean o — % In the Mark one & n the Market ||| OR and other rules and @ | /cn & BE Morcm % % %— & methodsof interest to Cupo te Bop x BE OK traders are given in our free Dale alee: <)+ SOR) COR ORR tien de Tio Gi * * a+ h booklet, ‘The Investors end Traders Guide.” Deo & Kio Ge pt. 1% 1% 1% — : Dome Mina) ...... 20% 18% 2 +1 Yio Int of WH 18% 18% — % The General Rules of brie 3d of | 18% 18% WH— % Trading—The Rights Famous Mayers .., 90 T6lh 70% + 2h of Stock and Bond eee Om a cae Holders—The Deposit Fish Rubber 16 13% + Requirements for Car- Freepom. ‘Texas 16% 164 16% — Ww rying Stocks—How to fonts Wis yin beet st 2 Give a Broker Instruc- General Ekectrio .. 107 10% 130% -- 1% tions—Broker's Com- Gonoml Motor... 138% 1K te mission Char ges— eee re re How to Indorse a Stock Goodriah ..... 38% «38 BH + Certificate — How to oe ee eee, 4 bern pl. - Group Investments. Great Nor Ore ..,. 30% 2% 30% + Call, or write Grome Cananca .., 2 BD Bh EW-411 = |Qule States Stet). lM} | Hesketh & Barker . 56% 36 Bh Ask for latest available Mendes... aK 2 rT Houten OW . 8 2 a4 news on any active sécurity ms | | ice sctom Wh Mh th Diinoie Central . - ~ 2 JONES & BAKER | |istmeiine SSS |] | taniration Copper. 90% 30% 90% + % Sracietete to Newt York Inter Qonm Corp Ce ek oy ‘arb Market Secarities | Inter Gone Cow pf, 13 18 3s + & Inter Agr Corp. Ce. ae, BROAD STREET OFFICE | Inter Agr Corp pf.. 47 4t ro Peete |] | inter Marventor .... 99% 2 92% — K % lephone Broad Inter Motor 7% oT aig + % tte Peer or Oh & MADISON SQUARE OFFICE Inter Mer Mlerine, 13% 35 % | BA Fifth Avenue Inter Mer Mar of 5% 06% 1% Madison Square 1377 Inter Nickel 10% 16% * a Invineitle O11 a 20% 4and STREET OFFICE | tam 00 “% 4% ‘ sos. Bats Avenue | Jewel Tea 9 ® % ‘Telephone Marray Hill 7120 Offices in 8 Principal Cities | | Wall St. Gossi all Ot. Gossip | Because of admittedly poor invest- ORN. WAYNE COUNOLL, No. 48, Jr. 0.|Ment conditions Wall Street has been U. A. M.—Brotiners, you are earnestly | rather sceptical regarding the suceces seahenied| be ation the tuners} Weriene.of jot the new Burlington dond offering. | ‘ tp “| Now that the Interstate Commerce day, April 26, In the South Third Street M.'E Church, ‘South Third Street and | Commission has sanctioned the new Union eyed Deeettre, 8 P.M. ahem, issue there has, for some unexplained we, eee, Sounetior | reason, been a complete revision of a hes add ¥ _lopinion. It seems to be purely psy- dies chological. At any rate, the best FUNERAL DIRECTORS. judges of bond market conditions now predict that the offering will be a Pronounced success. This new issue will be offered on Thursday. It amounts to $330,000,000, and #0 enjoys the record of being the largest amount of railroad bonds ever offered the American public at one time. ‘The bonds mature on July 1, 1936 and bear Interest at 6 1-3 per cent. They Wil be offered at 961-2, no have an income yieid of per cent, if held to maturity and conversion privileges are not availed of. The Burlington twsve enjoys another a Unetion ip that probably no other StL & Gan Fran. 22% we StL & Southwest 38 -—% 24 -* —% —% $18 + % + % +1% + BlomeShett Stee! +1% So Por Rico Sugar 60 -1 Souther Pacific... 7% Southern Ry 1% ~ Stand OH at N J. 154 + fe O Of NJ of, 108% + Stewart Warmor 20 % Stroaihen .. 41% + 4 Stodetaker |. % + 4] Submarine Rout 8% = |} Superior O41. . 8% -%* Ruwerior Seel 40 Tran Cap & Chom 10% 10% + % ‘Temas Company “ B% — Term & Pacific... 21% Pa % ‘Tex fe Pac Cont... 30% my — 4 Tutacco Products. 60% Be + 1% Tranacon Ott 1% 12h Wh % Union Oi 2% PY Bh + w Union \Padfic.... 7% 16% 17% + % LUnion Pec pf. 1% 1% 1% — Ny Vaited Aor MS 4% Sth + H United Dre .... 91% 90% 99% — 1% Unked Drag It of Hie 4% Mu + % United Frat .... 108 108108 United Fret Prod, 20% 3% WK + URim Ov... 2 mR mW Un Retail Storm., 54 82% Bh + US CI Pipe... 184% 18% 18% 4+ % U 8 Ind Al, 70% 8% @O%— % v + 2% u +% vu v +1 u + 1% -—%* + ot + 3% + ts Tie 20% 20% — . O14 61% — 1% Week Meryiand ... 10% 10 10K + | Won Meryi'd Od pf 17% 17% ITH + |Wee Pac Om .. 3% 2% ih OH WH + % “48 ° 9 4 ah + % at 41 ‘ Be sg + ts 49% 40% — 1 ae aig + it American corporate bond issue ever | had such painstaking care expended to ensure success, It is now believed that not less than fifty of the coun- try'’s largest investment houses will be Included in the selling syndicate. Overy section of the country will be tapped. And there are many old-time observers in Wail Street who insist that much of the recent improvement in the stock market is in the nature of a “window dressing”; thet bankers | back of the issue realized tnat finan- cial sentiment would have to be im- proved if the bonds were to be readily disposed of and that the best way to tone up financial sentiment would be to mark up stock prices. Underwriters secured the Burlington bonds at 91 1-2, so there is a gross underwriting profit of $11,600,000 in the deal, pro- viding al the bonds are subscribed for. Gates W. MoGarrah has been elect- ed a director of the inspiration Cop- per Company to succeed KE. C. Con- verse, deceased. FOREIGN EXCHANGE. French franes demand advanced to 0759 In late afternoon; cables, .074), up .002?20, Bankers attribute this rise te favorable developments in Germon reparations question and to better showing of French trade, in March 0p, (Lh a Grace, Heh, Caw, Cet. «NDUSTRIAIB, 9500 Acne Cra) ™ ™ 1 100 Acme Packing . ~~ th 100 Aetna Bxplon. ctf 6 6 100 Auto, Fuel a a | 100 etn. stowor # 8 28 | 200 Car tent * 8 2 1000 Chi Nipple .... ™ mF Teo Chic, & Rast, ML, Be 2% 1K 100 Chie, & bam, pid. 2% mm my 600 Columbia Emerald % % 100 Durant Mot mn 0% Om 1500 Kimpire Food ..... “ mw 100 Amperial Totmeco . u uM mM 100 inter, Rubber % Me 9% 1000 Perfection Tire t & 4 10 Tadio Com. 1% is 1200 Roy de France . 134 ‘ 900 Routhern Coal & Irom. 1 ' 200 Btand, Com, ‘Tob. : “6 100 Mtandand Gas & 1. ytd 35 3 200 Sweets Co, 2% a% 800 Switt Internationa ™% = onw 800 U.S. Steam o% 500, 8. Ship. Com HOM 200 United Profit Sharing .. 1% 1% 1 1000 United Ret. Candy . & ™ a STANDARD OfL& 100 Anglo-Am. Oi ow ow 10 South Penn 01 Pn a) 800 8. O11 of ina m4 TaN TH | 1358, OU of X cs 36208 INDI LOOP Allied OM vee seeee not | ‘800 Arkansas Nat. Gas, 16 » Pty 1100 Boone on i 1% 1% 500 Bomon Wyouing 1 ey 5900 Carrih synd. ™ ™ ” 100 Clues Borvice IF etfs, U% UN Sih 600 Creole Syn ” % % 700 Deuay Ol i 4 & $800 BK Basin Pet, nr) 00 Pogineers Pet, eo tty 800 Fay Pete a of & 10 Fedora: Oi) 2 is 600 Gienrock Ot) . mm ” 200 Granade O1 . a“ 5 1100 Guffey Gillespie 17% 12M 2000 Hudeon O11 a’ 3300 Int Petrot. 16% 18% 1000 Keystone It me te 1100 Magnoaite Ot 30% 28 100 Marland .. s s 100 Merritt, Of 1% 200 Mea. Bade a) 1400 Mexican OU oh i” 1% 400 Mountain rod ie 1% Ale 2000 Noble OM o 3 wud New Mat b . a 11000 Obie Ranger “ a “ ' 900 Omar OU .. ™” ™ *» 100 Penook Ot ; 5% OKO 200 Prod & Meters. ~ 1% oo 0 fect Mook OAL » * 200 ett Creek Prod, now ON 4909 Steam é mh mm Oo 400 Saetty ol on oh Ly $100 Texan 0 & Lew %* %& 4% 660 United Tea Ot toh 100 United thusly s 2 2 600 Vieworia Ot ire » & % ” Ms i” a & so » *% sy P: ff ow . ' a a @ «& 2000 Caled Min. wm 10 15500 Casdtetarie M a 2 a» 10 Copper Tange nM 15 Con Virwinie mH Th Te 15900 Cortes Silver . ™ ct) @ S600 a Gold a ~ 2 3000 bana Silver IM lh 1% 19000 Bureka Cronus o a 100 Gold Cons. ce = 1000 Gold Devel a 8 2 Golditeld Flor ‘we, ” CJ » 200 Gold Silver sek. 6 6 6 3600 Gold Zone » w ow 1200 Great Bood ... 2 3 32 0 Herla Mining 3% a ah 1000 Iron Bloxson . » » aS 1000 Jumbo Ratenslan 6 6 6 1400 Knox Divido 6 Bw lb 2000 Alana re ” “ 100) MoNamnare Crescent i 10 100 Magma Cop L tallies 200 Marah Min. s e 6 10 Mohawk Min, a a) 1000 Motherlode .... ++ n 0 00 Muther Lode new... 5 && 8 4000 National Tin a ed 600 Nipissing ay ee 100 Ophir Sliver th iw » (W009 Mex Cans, seeee ™% ™ ™ 1200 Rochewer Mines. o ¢ 6 1500 San ‘Tox a oo oa 4 1200 Silver King Divi 2 2 2 wO So Am P & G, ” « oo” 200 St Croix Mines fh of ft 100 8 Silver Lead. &% ow 4 1700 Sucoess Min. 3 a a 100 Tonopah Belmont . oo 1% ih 1000 Tonopah Cash Bay... 5 5 5 3000 Tono Divide ™ at 1% 200 Tonoyak Ext... Mm Ww 1000 Tuno-Jim = B. 6 8 8 100 Tuoopah Min.. We lm In 2000 Tonopah = Mixpab s ’ 8 1000 ‘Tonopah Montana 8 ’ tiv ‘Tonopah Rescue Eula. 16 16 16 1500 US Continental. * * 900 United Kasten abo % oH 1000 Victory 4 4 200 Wea End i” ln ls 1000 White Cape 1 « # 1000 Wilbert... 4 « 4 4300 Yukon Gohd . mu ™ i” BONDS, 10900 Allied Packer 6: a) 480.0 Amer Agr Chom THs. OT 0% 2000 Ain Twi Co 22. Ty Thy 2000 Am Tol Gs 24 ........ 06% 90% 14000 Anaconda Cop 6 56% HK 10/00 Anscoada is 20 Bh 1% 11000 Armour & Co T Bh OM 11000 Heth SU Ts 95 eS 40000 Cir Bast A UL Be... OO 0% 3000 Cong ‘Textile Ts % 05 1000 Deer & Co THs 6 6 90100 Gondyear Bs my WH 7000 Goodrich Tizv Ts 0 11000 Grand ‘Trunk 6% % = HH 210.0 Guit OL 7 8% 9K 2000 Heinz Co Ts om 10.0 Inter Th T Ts 1% 15 10000 Humble OL 7 16% 96% 1:00 Kennerott a on 10000 Ohio Ciics Te ee 4000 Ohio Citles 25. Me MH 2000 Oblo Power 1 % mS 8000 Pan Amer Wet Te 1% he 1000 Sears Roebuck Ts 23... 96% 90% 008 ONY 10 100 | [000 Swift & Co 7s o% 9% 19,00 Texas (Co Ts BH 9% 000 Vacumn Oli 100% 100 2000 Western Elee Te . Hh eM se for the first time in a num- ber of years had a surplus balance of exports. Sterling, demand, 3.94 1-2; cables, 9.95 1-4, unchanged, Lire, demand, .0488; cables, .0489, up .0006 1-2c. Marks, demand, .0155; cables, ,015 up .00001-2c, Canadian dollars, de- mand, .8912, unchanged. Belgian francs, demand, .0764; cable, .0766, up .0016c, Austrian kronen, demand, 0026; cables, .00261-2, Swiss francs, demand, .1740; cables, 1742, Guilders, | demand, .3498; cables, .9500, Pencino, | demand, .1898; cables, 1395. Swedish kronen, demand, .2835; cables, .2840. Norway kronen, demand, 1565, cables, 1570. Denmark kronen, .1800; cables, 1805, Argentine pesos, demand, .7180; cables, .7200, | laughing, n\ SYNOPSIS OF PRECEDING CHAPTERS. Brownlow Dids farewell to Paul Howe, her youthful lover, who le leaving the ittle town of ‘They promise to be true to enck other, ber Aunt Jodite, ‘sweeps her otf her fect and aunounces that ‘They are married ws rare oes mata” be 4 te living ‘ino: rr comes, tle et Marraret aunt's, who urges be Marearet tries tn vain bookkerver: ber lack of mod toon she and Kast conceals her emotions rience Te agalnat, her. 8 A week later Margaret secures @ position as Ml Keilor. the bookkeeper, a litle old woman fifty. oom ‘with a private fauly . UL, by the Prem Puplianing OD, Gowri: Nex’ York “arama, Wort.) CHAPTER IL. (Continues) PON consulting the now fa- miliar “want ad” sheet she obtained a list of what ap- peared to be desirable rooms. Closing her eyes she said “Hinee — meeney — meine — mo” — |Then remembering what Anabelle said about thinking, she'd find the right place, again closed her eyes, and said: “I'll take this one’—— Opening them she looked with interest at the ad upon which her finger had stopped. One of the secrets of Margaret's buoyancy of spirit wae that she played at life in- stead of taking it too seriously, She bad one ef those rare natures that could make a game of every- thing, The address was Tuverside Drive, far uptown Putting on her hat, coat and sable furs, she started ut. It was a trifle too early for a on | Sunday morning call, but she'd walk ja bit, then take a bus for the bal- ance of the trip if she felt like it. It was one of those crisp, Decem- per days, but with bright sunshine As Margaret’ walked, she breathod deeply the out-of-doors-pess and was glad to be alive. On end on she walked, though busses frequently passed her. At 72d Street sho \urned to Riverside Drive, enjoying — the beauties of the river, with an occa sional ship freighter or small pri- vate launch bearing a sheet of can. vas covering for protection from the weather. In summer the river, with its background of trees, had al- ways seamed perfect to Margaret. But this bleakness with the stripped and forlorn Jersey shore, had a dis- tinct appeal, too. She wished th> room she was going to see would Hot only be what she wanted, but would face upon the river, though that seemed too much to expect. Continuing to walk, she finaily reached her destination, at dsth Street and Riverside Drive The room did overlook the Hudson and was bright and airy. But it was more than that. Scrujulous cleanli- ness and dainty furnishings were thrown in for guod measure. For ai: these luxuries ehe would have to pay $7 a week, less than her downtown room had cost her. The trouble with @ lot of New York people is they don't know there is anywhere to live outside of a hotel, she thought. “Oh, I love it!" she cried. “May I move in at once?” “If you like,” replied her future landlady, smiling at Margaret's en- thusiasm and admiring her rich color and sparkling eyes. “We have a late breakfast on Sundays and dinner at about four. If you'll be here that goon I'd like to have you dine with Us I shall want you to meet Mr Davis.” The soft smile which ac- companied the words led Margaret to have some notion of how bigh that gentleman stood in his young wife's estimation. "I have considerable packing to do, but I wouldn't miss that dinner tor worlds and if 1 hurry | can make it Dinner in this clean, attractive place would be heaven. I haven't had a homey meal in month: and then something seemed to choke Margaret. She hadn't known before how bome- sick and lonely she was as every such emotion had been quickly stifled. Tears of gratitude came to her eyes. “| hope you don't mind if I appear to weep,” she sald with a twisted little smite. “I never was so happy in my life.” Mrs. Davis repeated the details of Margaret's visit to her husband as she went deftly about preparations for dinner. “[ couldn't make ber out at all, Frank,” she told him. “She's good looking and well dressed and appears to be accustomed to nice things, and yet she was completely carried away by our simple home. Perhaps she's lost her money—or something. Of course, I contdn't ask her much about herself. She offered to give me refer- ences but I told her I didn’t need them.” “Perhaps it would have been well to take them,” mused her husband thoughtfully. “But then if you like her, why she's alright.” It seemed to Margaret that never had she enjoyed a meal 90 much 2s the one which Mrs, Dayle so capably prepared that. Sunday afternoon, though it was much simpler than many @he had eaten. They starte off with celery and olives, ro chicken, mashed potatoes, rich crean gravy and cranberries, Then there was head lettuce salad with a roque fort cheese dressing which was fol- lowed by apple pie. “Tf it weren't such a terrible bro- mide, I'd love to say that everything tastes exactly like mother a 1 ’ sighed Margaret happily over her d . “You are a famous cook, Mrs, Davis. I'd give almost anything in the world to be able to cook such food as this.” “Why bless you, I'll gladly teach you,” said the younger woman, pleased with such sincere praise. “Will you, really? T mean it died, and she was one of thos capable, efficient people who pre- ferred to do things herself rather than watch any one go about it clumsily. She taught me some thin about housework, but cooking ha always been a sealed book to me; though I'l admit I never actuaily felt the urge until this minute. | have Saturday afternoons free and Sundays, so {f you'll figure out how you can teach tne something about jt with the least time And effort on your part [ll be the willingest little pupil you ever saw, Would you con- Mrs. I'd try not to be a bother.” Roth that Indy and her husband laughed and exchanged glances, “Mr. Davis told me that if T rented a room the next thing I'd be doing would be taking boarders, \sider giving me my dinners, jae the young wife. “And I told him I was just twenty-one when my mother | fo hotel on Mtn Mireet. That night ake dines 0 back © Smdith's and not try to ‘postion with ne adden Maver are wed. Margaret feels badly at the separation which must come, York. John Baier, @ Is going to take her te ibetin Uncle Ufo (ouetber, te ness be dies fe ie Seas Karna enn her aunt, and decides to go to, work. ig ivetining sgencles, aa; &, stenographer jin anuounscs thai abe la’ (o be. mare clerk with an automobile company. Annabelle irieude her a{ once, and suggests that she take ® ” explained Do Not Miss To-Morrow’s Interest« urged Margaret. “Take ti to think it over, but please decide to keep me properly fed. That night she sat for a long time by the window with lights turned out, watching the wonderful panorama outside. The dark shining surface of the river was spotted with occa- sional lights on the boats which wera anchored there, More lights played on the Jersey side. Now and then rhe could see a street car winding its way through th Palisades, or a beetle-like slowly moving object which she knew to be the Port Lee Ferry, shuttling back and forth across the wide river, A deep sense of peace and happiness settled over her and she breathed a sigh of contentment as she snapped on the light, aad, taking out writing materials, began a letter to h t Dearest Honey. oning Judith: Tt is as still and calm and quiet here as if 1 were in Vinton, [a As I sat by the window to-night looking into the semi-gloom with the lights flickering over the river and on the opposite shore | wus reminded of the many times you and I have watched the sane acene from the windows of you apartment with something of the same emotions. 1 know you are seeing nothing more beautiful than this marvellous Hudson. All of which brings me quickly to the news of the day. I moved into an adorable room with a private fam ily on Rivorside Drive. Their name is Davis. He is a whole. some, big boy of about twenty. eight and works in a broker's of- fice on Wall Street SHE does all her housework, cooking and everything, and, believe me, Judith, she's SOME cook. She is perhaps, twenty-six and is nice looking and amiable and her hus- band perfectly adores her. I had a dinner with them to-night chat was delightfully homey and regu lar food too. I don't suppose Mrs. Davis could clash in her menus any more than she has in the fur- nishing of this room. Tt is rest- ful and pretty, though not in the least elaborate I'm hoping I can wheedle Mra Davis into taking me in as a reg- ular boarder. Gee, a person gew sick of hotel and cafe food! That's by far the wotet feature of tos knocking about. It was Anabelle who suggested this move, and again my bat off to Anabelle! She's the first person you must when you get . Judith, If I had your ulty I'd sure wr.te a “best sell around her, For considerably twenty years she taught xc somewhere in Kansas, and denly made up her mind / sud- she wanted to see how the rest of the world lived. brothers or She has no parenrs, sisters Perhaps that's the link that binds us, though it's about the only thing in which we resemble each other So she up and came to New York when she was close to nity, and she’s making her living and hap- py as the very mischief. She aax pia ahead, too — plans { achevement and success, It J Breat to hear her talk. 1 alwuyadd imagined that when an old mai reached that age she simply pu | ‘n time until she died’ I've written you about Laura, the girl she lives with, you know, Well, { read some of her stuff and it isn't half bad, 1 went over it with her and suggested revis- | ing and boiling down where I thought it would do the most good, then sent her to Bob Law rence and telephoned him to be nice to the girl for my sake. She was so thrilled at the prospect of ‘\ an interview with a real editor that it made me feel all cheerful inside, just watching her. ‘The upshot of it was that Bob bought two of her stories and wants more. They are really worth white You've no notion how stimu- lating incidents like this are to me and how | enjoy doing things to make people like Laura happy It is as if I've earned the right to help them with their prob- lems. In the ok days I couldn't have begun to get the same thrill beca: 1 was miles and miles away from them. 1 too am learning something of how the other half lives. More and more I am seeing the wisdom of breaking away from you as I did. I wasn’t living my life at all, but yours. I've thought a lot about it and understand that naturally you got a great deal more out of it than I be- cause it belonged to you. [ just trailed along and wus losing my individuality, which was slowly being absorbed in yours. Good- ness knows if I were to be ab- sorbed by some one I'd choose you as my absorber, but that isn't freedom. I may tire of this § after a while, but right now it seoms like a broader, fuller life than I ever experienced—an ex- pansion of Ma ret s it were. Of course, I shall never grow ens tirely away from the people we've liked. I see one of them oceasional- ly and enjoy such visits with more zest than if they happened oftener, Edward Clark continues to be nice to me. Frequently I lunch with him, always on Tuesdays Yos, he selects the day now. Isn't that more romantic than you imagined Edward could be? I like him immensely, as you know, but he's not my “true soul's af- finity.” Right now my soul seems to yearn for domesticity, to be as vital to some man as little Mis. Davis is to her husband, I be. leve I'd enjoy cooking for a man who looked at the the way Frank Davis watches his wife. Is it sec- ond childhood with me, Judith? I want a man to love me tremen- dously. And I want to love him more. I don't want a man to look at me with calm approval at the breakfast table. ing instalment.