The evening world. Newspaper, May 20, 1921, Page 32

a] 10 TO 11. (Although the few over-n »p ments brought to bear on the mar- ket this | favorable, | to be unmistakably Bpeculative fraternity seemed totally | @isinclined to give due weight to factors of fundamental importance. Rather, there is a marked dispos!- tion to lay exaggerated stress on temporary influences, most of which are of minor importance. attention was paid to the h favorable Federal leserve statement issued after the close of ght di mostly morning were the price tone continued weak, ghiy sank | the market yesterday, This state ment disclosed a ris nh the rat of the New York Fe Rew ' Bank of 3.2 the reserve points, ratio up to the Point established since Augus 1918. The ratio of the Federal Ite serve System asa whole rose about | @ point. This clearly foreshade easier credit and money cond but the stock market was unin enced, | Mo-day speculative quarters were} willing to admit that the seriousness | of the foreign situation has been EG grossly exagse that the exchange of b notes between the Engilsl and French Governrhents over the Sil Sian matter has been largely for) the benefit of the electorate of those | countries. This fact hus | mu | ) incingly indicated by the tranquil manner in which foreign exch rates have moved. But the feeling regarding the Silesian ques tion has failed as a st lant to the | stock market. {Money on call this morning renewed | at 7 per cent. the r that has been in effect during the past few day but there was noticeable reluxa in time money rates. Loans for 60! and 90 days were reported to ha been made até 3-4 percent, bankers have steadily been quotin @ per cent. recently. But easi money rates likewise failed stimulate buying. @here was the usual crop of rumors whe reas | | | j \ regarding impending dividend r+ @uctions, and these were the gov- “<-erning influence in the market !. @peculators persist in believing independent steel forced to follow Company pay- suspend + that most of the | companies will be |. the lead of the Republic | and either considerably reduc ments to stockholders or payments entirely (Because of these rumors Crucible was sold down for a loss of % points ‘ @uring the first hour of business to @ay and other steel shares went down from substantial fractions to more than a point United States Steel, however, whose divi- | @end is considered absolutely safe, | showed a loss of only one-quarter ef a point, while other steel stocks | were weakest. (Mumors that directors of the North- ern Pacific will cut the present 7 per cent. dividend at the next meet- ing of the board resulted in a loss ‘ef 11-2 poluts in that stock, In th fstance it is known that the strew fs simply indulging in a guessing contest. The matter has not been iscussed, even informally, by the » board of directors and should the impending railway wage reduction approximate 20 per cent., as is now anticipated, it is considered unlikely | fn best banking quarters that uny | | visor 4 reduction will be ordered. Mowever, the weakness of Northern) Pacific had an unsettling influen @n other rails, and losses running | from fractions to more than a point ‘were general. Pennsylvania, in which a large short interest still| exists was an excuption. | BW the miscellaneous industrial 1i American Linseed showed a loss of 4 points, on account of the suspen-| sion of dividends announced after! the close of the market yesterday, and National Enameling showed imilar loss on renewed talk of Gecrease in earnings because of ( ™Man competition. © shares held steady, with Mexican Petroleum giving evidence that the hort interest in that issue is ove crowded, and tobacco and shares were firm. American bacco moved up to a new high for the year, ee 11 TO 12. here was little change in the ch acter of the trading during the 6¢ nd hour. Rails continued to be! “ore or less reactionary, steels Wowed little rallying power, while | Atrican Linseed, Enameling and ethe. specialties that were weakest cables *\ mand, @urim the first hour continued to | be tag in at prices. about the low On the othe.nand the oil stocks ex- | tended théleariy gains under lead- @xship of Miican Petroleum, and the Coppers ud tobaleo shares Sterling cables, 4.001 French francs, cables, .08 0002 1-2, Lire cables, .0557 1-2, off | Belgian francs, demand, 0879, up 000 Can- rs, demand, .8975, un- up 0015. demand, 1 Swedish kroner, 7; 234, up. kroner, demand, .160 1605, up — 0010, 5; eabl ind ‘cables, and, 18! mand, 8 : pesos, de- ine DIVIDENDS THE EVENING WORLD, FRIDAY, MAY 20, Kelly Springfick! holy Wheel Kennecott Oh Ivrea Teclale Gas Lockawanna Lee haibier & Tabiali Valley The Amer can Linseed Company | passed the a y dividend of 75] cents a on the due at this time. 'T ly dividend of $1.75 a share on the preferred stock was declared. | The Mackay Companies deel dividends ¢ common and 1 stock, stock of record sha common stock regular quarter the preferred 1 to Call “Columbus 8200” Any Hour, Day or Night FRANK KR CAMPRELL ‘THE FUNERAL CHURCH" tae. (Non-Sectarian) 1970 Broadway at 66th St. Dewstews Office, EA ‘St. & Sth Av. HELP WANTED—MALE. SANT elderiy, wanted to run elevator, ‘Acoly Engineer, 07 liesde st. BANKING AND FINANCIAL. Bondholders! Thousands of investors ewn Bonds cought a his levala ‘ew grasp the full possbilities shrewd exchanges present We have prepared a special le! ter Living 8 pion whereby ie ylelding Is may be profit bly exchanged into high-yielding is | sues. Also describing use of | dormant purchasing power adopted by the keenest tracers. | Wette fer “Bend Euchanges"’ L.L. Winkelman & Co. 62 Broad Street, New York WHALEN Commissioner of Plant and S' Jen will drive the first riv el of the new municipal fe $8, ten Island INIMIMNN Get the “Investors and Traders Guide” —no charee it tells the genera! rules of tradi deposit requirements, @ommission charges, ete. Call phone — write for No. BW 430 Offices in 8 Princi, Cities Labs Direct Private Wires TO DRIVE A RIVE nthe Mariners Harbor yard of Shipbuildin BANKING AND FINANCIAL, | 4 tructures et in the| 1 rry boat 1 Com- 000. BANKING AND FINANCIAL. Uh) A AM AML Latest Bid, Asked and Sale Prices of New York Curb Market stocks are continually posted and well in- formed representatives are at your service in our Board Room. For those who do not find it convenient to t our Board Room, quotations and late market news can be obtained over the tele- phone. Make our Board Room your market head- quarters or call us on the telephone. Tell us the active New York Curb Market stock in which you are interested and let us keep you posted. Our conveniently located offices: BROAD ST. Ree Tie MADISON SQ, 238 CErs,Averce 42nd STREET 70 aan sis0 JONES & BAKER Members New York Curb Market Adame | Sharer Hie. low ast | INDUSTRIALS Ade | 200 Acme Coat 1 Siar [aver % me ‘+ 4 % Maha old D S + 1% mM Aeths Hap ci? 10% 10% 10% ra a Nei % | 100 Amal Leather 15% 164 15% Am Agr Chem. 46% | Mex Dee role iq] 1100 Chie & wast It % 14% Am Beet Sugar a oh ty] 200 Chie & Past I pe. 3 Aun Bowe Magneto 46 “ * 100 DL & W Col ra wt 31% SN) Am Oss Be We 1% OM ed to give ® good account of wees na iss . 1% emselve Th Cee IM iO. 1a o 0 he 4 it 1% | a An Dry; 6% Ow | rf % . * 12 TO 1. Am Hide & 1% 11% | Mont Wiel 1% 16% 19% 15% —_ Am Hide & Lan ot ot fe -- 1 [Nah Amer Go i a 8. 8 aets Am Intemational 6 % | National Conduit | 100 Mme Co “3M Ohio Railway was made just before 56% ¢ | Need Goma {| 4109 Tenn Ny te a oP oe 7 6 7 1 o'clock and came as a surprise to 4 “ay New York Aur 4| ou § Serie ' a 7 . OM Ma | Now York Cor 2 | 900.0 8 Shp Corp. ‘ most of the traders, The stock io SIS toe ; 3 | 400 Untied Retail Candy mom promptly dropped more than 4/ Gs Gb GINewn aM. be a whol points and had the effect of further | Am Gmelt & let of 78% 784 Thin + YIN Y Ont & W 16% — 1m] 2 Obie on 200 300 scus- | Am @enuft . 107% + 2! Norfolk & West 06 S O of Indians . cd 1% unsettling the railway lst. Discus- 4m Smt pf Aline ae Oh — 18 tS Facoun on ne sion was renewed as to the likelihood a W love eens ae aaah INDEPENDENT O1LS. of other railroads reducing or cut-! Am sam Tobacco., ™% + WL NC teat ater BI ne 8% rid 1g | 2200 Aled on ni | ting payments, and it seemed to be Tel. 06% S]okuP & R 3% h “ the concensus of opinion «mong, well Sa i” line pee re ised informed observers that the North- | Amn Tel & ‘Tol rte Otis Steet Pad Pit eh ern Pa will reduce the dividend Am La France ib Onvonn Bort y| 10 ct to's t th ting to be | Aumtin-Nidhoke 4 10 hd be Shida battle Madar OR . 00 Denny Oil e ee week: t ISSUE | Am Wat Paper of 1 ¥ Basin Pr iow for the move- " 00 Bik Has Pet ns wi the foon hour and pe ee ass of im than 2 ae Np yeaa =] 400 Guffey Gillespie pots compared with «he close of % Geatardiy | Penn Sead Steel Ie] 00 thudson 01 ) | 4 | eorte's Gan 1 | ae Beleenia “To. 4] Pere Marquette ri 0) Maracalbo “4 Meateo O11 { for the heaviness of raiis * Midwest tet 1589 is and extreme weakne #1 x00 Nowo O11 % or three issues the 3 500 Novo OM pf. .see ™ spec al influences are at work, Leth steel 8 pe “ 1] xu0 Omar Ol a market Was without particular Iroducer & Mafiners.... 44 ire the fourth hour . ums Pek 8% tinued firm, ©) “400 Skelly O11 4% vied generally higher | 1700 Teton O & Lies % closing es of last nip ta | 200 United Tex Ot % n showed gains te 0 United Royalty Py from Iesized fractions t | MUNING, than a pe Equipments: 7 Pe n nh sympathy with the 1 1 altho ds w ne + ‘ tuinable in ma Hd 60 w ous 6 Foreign sal i hange rites tional oval Duteb SY al “ $ to 15 points ding in He tea 4 | virkets, as in stock market, | Chanute ‘sto Le Maran nH = od was compar itvaly dull Chee & Ob UL & Gan i of 1 | 1200 Cresson Gold Is pened CMa sre it 1 | 1300 Dolores Esperanza 4... 28 9 7T M & Seu R of 1% | 200 Dundie Anz 5 2 TO 3. Hacun ‘Toot ; | 1500 kt Salvad * savage "7 7 | 1500 urma Py ; Dur last half hour pre Sa1on Motom BY , aM 0 bureka 51 against the market was iner GAeOAE like ae 10k 10. 40 | 1:00 Hureka ‘ nd the whole list went down t> cin Neate oak 14g | 1500 Gold Cons fg new lows for the day. The oil Seneca Commer i 1000 Gold Devel 2 shares, which had been about the shattuck Anzona 1200 Goldfield Florence firmest group, led the decline. |« Shell T & T | 1000 Gold Kewana tae | Mexican Petroleum dropped more | Sinclair O11 d Silver Mok ‘ than four points compared with its jaw Slons-Shett Steel | id Zove 1B cartier high mark and showed a net Gol & camera Sea eaclta | str lee. loss for the day of about three !eal Gas & Hianne Southern Tt | Mining s points Houston Ol went down + Southdrn Ry nt ] 400 Jron Blossom wv the ond a half points and the Stand Oi of NJ. t | 200 Jumbo Hatenston i weakness extended tu the copper Stand O N J pt 1084 rai . 16 and tobacco shares, which had dis- |Consal ‘Teatile Studebaker 785 14] 0 played a comparativ firm tone con IntCal Mining > Boat s1 ral ) MeNamare Creesent 0 in earlier dealings: he loss in perior Ot Te ike ay (| 2200 Marsh Min 7 Utah Copper measured more than | caste in Cop & Chen O14 Ve Me % r Lode new. Sta two points Corn Product ~ ° ‘ s Inilroad sha 1 Dreiuets of ‘ res liquidation, wh phe steal ‘ 4 induced by inc ws Cane Susar i n Losses in Cava Qane Sue a 6 idend ch & BLM cts of 4 " to more than two |consel Lieirutons js King Dirlds 1 points. The tone at the close was |ekun Amer Sugar 4 | 900 So Am P & G: ‘ weak, Da & Hvdeom bid Min ten & Jue ir yf | iW Lowe Mine F 1 Paxdivote Jahnean United Mood Prot t bee . Vn Ky Inv Co 1y 0 Ere Int pl Un etait Storm ‘ ue ts Erie ad ut Us CI Pipe, 8 s Panes Vayern o@. US Ind Aloobot “ ‘od H Fancus Payers. Us Realty & Iam Ss ae. iy Fed Min & Sa. eee | ah 8 ys Directors of the Chesapeake | Eimer Wedy oe: i fn Ohio Railway, at a meeting held to- | Pilk Istine bee vey | 00 Witbere aie | day decided to defer action on t chu abeta t + | 700 Yukon Gold 1 1 en Avetielt % FORHIGN BONDS. dividend due at this time, The c Gaston, Wil & Wig Utaty 18] ca mai da ae Re ee ae pany has been disbursing 2 per ent raf Mloctri: Vrab 1 | isSino anil ‘be Se 8, Re semi-annually President Hanra eal Motor Van A BANDS. han, when questioned about the} Goal Motor Deo | gsenian kee ee Board's failure to take action on the|Gen, Mour 6 pc Ya Cam Clown 1 | 4000 Am dividend stated that ther have sim= | cao V.saudou 4! 3 i ply decided to defer yments until] Gicat .vorthern gt Waban Se | 4000 Anseoinda te 30. the trend conditions had been| inc: Sor ore Ye | {10\0 Aneto Am O0 Tee more clearly demonstrated, Gulf bist fel. +R] 33 " sarecgate Hartman Corp 1% | LIBERTY BONDS. Hadkell & Barker Wentinghouse 1% rice 12 noon, Law, Lant Henmten O01 Wheeling 4 1 8 ral Pint 44a mi Central bd | Second Incheltena Revinieg, ft. | Fourth Tnapiration Commer bs #| $0000 1 usb 0 nh Victory 3 ee ee | S000 Tubby MaN. & i, 7 Agr Corp. j 500 Morris & Co Ths. Aart Corp pf 88 20 | Nar Leather 8s |FOREIGN EXCHANGE Marventer H Onio Powers 18, | 1921, We Carry a Full Line of “Pictorial Review’’ Patterns L. A. PRICE, eres. Satisfaction Guaranteed or Money Promptly Refunded = | West 14th Street—Between 5th and 6th Aves. | Saturday we feature extraordinary values in ‘harming Silk Dresses ich Satin 3] 5 Of Clinging Taffetas and Mignonettes and Canton Crepes Crepe de Chines Frocks That Are Easily Worthy of a $25 Price TUNNING clinging and fluffy effects, such as are meet- ing with great favor just now in the exclusive spe- cially stores—new and charming st three of the ney pictured—browns, blacks, navys and ys. Sizes 16 to 20 years and 36 to 42 bust. Saturday Morning Sale 4 HOURS ONLY--9 TO 1 P.M. Box Pleated Skirts Rich Plaids and White Gabardines Smartly styled and neatly tailored in regular and extra sizes—25 to40waistbands— superb § 2-95 plaids—Copen and tan, brown and tan and navy and tan~-also white gabardines An Unrivalled Purchase and Sale of Girls’ Exquisite <, White Dresses For Confirmation or Graduation Wear A collection of charming overskirt § sty of superior quality White Organdie beautifully — trimme with dainty laces or ‘embroidery set off by colored ribbon bows and anit values that excel anything in the city at vastly higher prices. ‘Sizes 8 to 14 years Cretan Frocks Fine Net Frocks Sheer beautiful Or- | One pictured at right, ae lie, in charming | with two overskirt ef- new styles, elaborate- | fects, richly trimmed ly trimmed with fine | with fine lace. Size es and ribbon to 16 years. Suit- One pictured | able for confirmatior $5.98 fons: $9.98 tion or Dainty Silken and Nainsook Undergarments ay a, Hie at left. Sizes Sto 14 years. The “Star? Massage Shower Bath Pas \\) That Are Worth Up to $3.29 Y { Crepe de ‘Nt \ Ginee ane he 95 Satin Envel- “ey opeChemises Lh Bors 1] Satin Camisoles and Bloom- Biiacatlnt aH yall Gath ae ers, Mercerized Petticoats, Fine Nainsook Gowns and Envelope Chemi Wind- sor Crepe Gowns and Billie Burkes. | A wide variety of dainty garments, rich!) trimmed with fine laces and ribbons, hig) quality materials—superior workmanship odd Jots—salesmen and house sumples~-white and flesh—all at a tremendous saving. Boys’ *15 All-Wool Two Pant ceasories; regular $5.00. “Forhan's” Tooth Paste For the Gums ethe benth ands ur- Ope -32e Toc Cle | rests p3 | \ \ 1 Kiss or en Talcum Powder, Limit ° ~ > | Blue Serge Suits $ 95 2 . For Contirmation or Graduation AY | Guaranteed all-wool serges and mixtures; hand felled collars; alpaca i lined coats; neat stripes, browns and grays; pants full lined; Sto | 17 years. Vem 4 ’ Boys’ Natty New Jean Middy Suits pal (as Also Oliver Twist and Junior’ Norfolk Suits ©) | Neat washable suits; with fast color braid trim- $ S) { mings in contrasting shades; sizes 3 to 12 years 25 I\ Hats to Match, 50c Ne. Half Price Sale of Untrimmed Millinery and Flower Wreaths Sy Reg. $2.95 for untrimmed hats in black and colors; hun- dreds to choose from. 75¢ A Surprisingly Low Price on Colonials Pumps and Oxfords ‘Lo? For Women and For Semi- " Misses Flower Reg. $1.50 Wreaths; : : 2 beautiful coloring Values Up to $7 one-day, half-price A goodly variety—three of sale, which we picture at left smart dressy models of Girls’ $2. Ready- patent colt, dull kid, vici to-Wear Hats kid, tan and white wash. able kid, white Sea Islanc Choice of cotton, ete.; all sizes and Shaice of 1 0 widths, good assortment many che de heels, many low he high he ful effects at half price Hest vi Store Hours: 9 A.M. to 5:30 P.M. ues of the