The evening world. Newspaper, June 13, 1921, Page 14

‘The liquidating movement on the Exchange was resumed this ning, and a dozen or more issucs istered now low marks for the r. “Tho most prominent of these ‘Was United States Steel, which also went below the low mark of 1920. During the first hour this stook sold @own to 751-4 for a loss of 15-8 Paints. All the steel stocks were ARarkedly weak. Crucible declined 4 points, and other of the indepen- dents declined between two and tree points. Sugar shares closely rivalled stcels in it of weakness. American Sugar i ining went down for a loss of ‘bout 2 points, Cuban Cane pre- ferred touched a new low record for it time and other sugar shares were $f 2% points or more. Unfavorable ‘influences in this group was the ing of the dividend by the Pun- Alegre Sugar Company and further drop @ the price of refined i : / Axican Petroleum was again offered i Jarge volume, and broke 4 points. As a matter of fact it seemed at “tithes that it was being thrown on je market as fast as it cuuld be jorbed without precipitating de Other oll shares hele 6inparatively well and their losses ‘most cases wero limited to frac- Bteralization. Ratiroad shares also gave indications arthern Pacific, Southern Pacific, Redding and other high priced divi- dend payers were offered on the Market at recessions ranging from one to more than two points. Onmethe other hand the motor and ctanges being about evenly divided between gains and losses. The cop- pers receded only small fractions, Money rencwod at 6 per cent.. but the 5 BANKING AND FINA vestors and » Traders Guide” This 64-page book—sent ‘on request—explains: The General Rules of T: ts of Stock | Broker’s Com- How to In- Call—phone—write for No. EW-446 !Will you tell us the stock im ‘which you are interested and let sus give you late market news? BROAD STREET $4, '' MADISON SQ. 4nd STREET 228 FIFTH AVE. Tel. Mad. Sq 1377 50S FIFTH AVE. Tel. Mar. Mill 7120 Direct Private Wires New York Chicage Besten Philedelphia Pittsburgh Detroit Baltimore Cleveland Jones & BAKER ‘MembersNew York Curb Market '—On Bunday, June 12. beloved wife of Theodor: 15, at 10 A. M. R. C. Church, . John's Cemetery. Requiem mass : = et WANTED—FEMALE. verienced increased supply of call funds re- ceived practically no consideration in shaping murket commitments. Neither did greater steadiness of foreign exchange rates and a five- cent advance in wheat influence sentiment. 11 TO 12. ——— The market continued to have « heavy tong throughout the secund hour, It seemed t) be without rallying power of consequence. Brokers reported that most of the buying camy froin the short inter- est, and the process of converting bear paper profits into cash fuiled to result in more than fructional gains, which were not sustained. United States Steel went one- eighth of a point below the low of tho first hour, and other stect shares extended their losses, by fractions, Declines’ in the equipments ranged from ono to more than two points. Mexican Petroleum, after rallying a point, broke through 126 for a loss of 47-8 points, 12 T0 1, _— There was no let-up to the liquidating movement among steels, certuin of the olls, the rails'and a half dozen Specialties during the noon hour. Among the latter, Famous Players, Loew's, Corn Products and General Electric wore weakest. United States Steel dropped to 741-4 for a net loss of 25-8 points, and its extreme weakness had a furthor unsettling influence on the remainder of the steol shares. Midvale Stee) was an- other stock that touched a new low mark for the yea: Money was offered at 5 per cent. in the outside market, but the com- parative ease of money failed to ebeck tho decline. Motor shares continued to rule firm, with espe- Ole Great Wesom cially strong buying being noted in Studebaker, TT07. fourth hour the market underwent @ vigorous rally which carried most of the speculative leaders up to the closing figures of last week. Mexi- can Petroleum recovered ali its carly decline, and other oils were able to show fractional advances. The forward movement was partici- | pated in by all classes of stocks, | but the steel shares were not as re- | Sponsive to short covering as other groups. The leaders of the upturn were the motor shares which have displayed conspicuous strength throughout the recent drop in the market, ~ TO 3. The market's forward movement gained further momentum during the last hour, and the manner in which prices soared upward sug- gested complete bear demoraliza- tion. Studebaker continued to lead the rise, and scored a net gain of more than 5 points. Mexican Pe- troleum rallied about 7 points from the low of the day. Sugar shares converted early losses of 2 points or more into gains of about the same extent. Even the steel shares and the rails joined in the rise, and all but completely made up their early declines. Trading was highly excited and during the last half hour was at the rate of more than 2,000,000 shares for a full five hour session, The tone at the close was strong. There were no news developments to account for the sudden switch in the market's trend. It had become known that tho short interest has become so large as to be of un- wicldy proportions, and with the lifting of liquidation bear operators, who endeavored to cash in their paper profits discovered that they could do so only at sharply rising prices, | LIBERTY BONDS, Lib, 81-28, opd. 88.76 off .06; Ist 41-28, 87.92, off 04; 2d 86.92, off 02; Sd 91.46, off .08; 4th, 87.10; Vty. 43-45 9836, off .04. FOREIGN EXCHANGE. 3 o'clock storling, demand, cables, 3.747-8,° up 11-8. French francs, demand, .0796 1-4, cables, .0797 1-4, up .0006 1-4. Lire, de- mand, .0510; cables, .0511, up :0019. Belgian frapos, demand, .0795; cables, 0796, up .0006. Marks, demand and cables, .01403-4, off .00011-4, Cana- dian dollars, demand, .8920, off .0018. Greek drachma, demand, .0610; cables, 0615, off .0003, Swiss francs, demand, -1668; cables, 1670, off .0006. Guilders, demand, .3283; cables, 2285, off .0010. Pesetas, demand, .1290; cables, .1292, up .0002. Swedish Kronen, demand, 2220; cables, .2225, unchanged, Nor- way kronen, demand, .1450; cables, 1455, off .0010. Denmark kronen, de. mand, .1690; cables, 1695, off .0010, DIVIDENDS. Advns Rotem ‘am Tel & Tal. ‘Hoth Steel 8 p ¢ | Ohandler Motors . | cade Copper Chino Omer Col Fuel & Irom. Shortly after the beginning of the | cot & Southem. Col Gea & Bier... . Columbia Grapbo. Comp, Tab & Rec. ‘Oonnol Gas . Consol Textile ..... Con IntCal Mining Cont Can . i Cont Candy . Cont Inst . + Condon Ol. Com Producte . Crucible Steak |... (Cute Cane Sugar of ‘Ouben Amer Sugar Davison Chem .... 37 we Th + 4K Del & Hatson.... ‘3 Del Lack & Wet, 220 27 28 —2% Den & Rio Gr pf... 1% 1% 1% Great Northen rf. 06 62 Great Nor Ove... 27 26% Inter Pawn. Inte: Mer Marine,, 18 12% Inter Mer Mar of, BI 49% Inter Nickel 12% Invincible Ol . uw 1h Ialand O11 am 8 tron Prodacte ...., 28% Jewel Tra... To Kan Gity Bo....... tle Kan City So of BO Kelly Sowingfield... Sy iy Kelsey Whosl...., 82 St w 1% 0 The directors of the Punta Al war ‘Company voted to ruc ty what appeared to be a race. quarterty dividend due at this time, ee THE EVENING WORtD, MONDAY, JUNE 13, Ady Hameiy Adv Rumely wl... Ajax Hubber so... Alas old... Alle-Chalmers Allie Chalmern uf Am Bank Noto Am Ties sacar Am Mosch Magneto Am Can oe Am Car & oun. Am Cottna Oil. Am Drug: Synd. Am ilide & Leth Am Ilide & 1 uf. Iw oe Am lee thee... Am Intermional Am Lamweed Oil Am Locman . Allied oer Aim Safety Mancow Am Shiy & Com, Am Sowlt & Met. Am Smelt & Nal of *Am Snuff tee! Foundry . Am Suvar Am Sugar vf. Aan Sumatra Te, Aw T & T re. Am Radiator Am La France Am ‘Totmeoo Am Toh cw T.. Am Wool... A mWool 0... Am Writ Paver of Am Z.ok of Avaconda .... Amociaiel Oil... Atohingn Wty Ati Hirm & Att. AU! Coast Line. . Atl Gulf & WI. auG & WI of, Atlantic fruit Raldvin Law ..... Bait & Ohio... Halt & Olio pf. Meth Steet Beth Steel B Hoth Piaierien. Biya Rap Tran Aklyn Union Gas Burne Hrow ‘ Butte Con & Zine Hutte & Superior. Rutterick Co Haredale 1 Caddo Cent Oil Calif Packing .. Oalit Petroieum Canadian Pacific Centml Leather Central Leather ot Cerro De Pasco . Chet & Ohio OM &@ SPRR OM & St P RR vf Chi RT & Pac. CRI & 2 6 ee oR PT oe of Chic Great Wert yt hic & Nw Ry.... C1, ©, Ch & StL Lowe & Newt. Mamati Siar. Man Dierated. . May Dept storm S44 Petrolewm 132% 20% LY ou Milde 6tatee Ob Mina & ot Loule Montana Power Me phiam & Sty Nevada Comat & M66 56% aM abt 16% New York Onn tral. NYNH & H. yrfolk & Wart. Nora Scotia Bt. Nat Rit of M1! pf Orphonm Chrome Van-Amer Vo B Pere Marquee Fond Creek Coal Vresied Steel Car. . Inuita Aleg Sag Vars & Bingham . Mail Steel Spes Remington Type . Reyublic Motor Nopal Dutoh N Paro Oil pt. St Joseph Lead St Lb & Ban Fran we L & San F tba SW Seaboard Air Line. Sears Roobock . Seneca Copper Slom-Sineft Steal . Stang Oilo NJ. SONI of... Stewart-Warnet 16% 16% 16% — % o% ' 12% 12% — % 18 18% + 4 A 12% 12% Pamous Player pf. m7 7 1 Ten Cap & Chem Texas Company Texas & Pacific . tex & Pac Coal Trans & = Williame 34 fwin City Rapid. Underwood ‘Type Ua Bag & P. La Pood Prod Up Ry Inv Oo... Uo Ry Inv Co pt.. Un Retail Stores Vanadium Steel a-Car Ohomical Va-Car Chom pt West Marytand . Westem Union Wheeling & LE. Wieling & L i of Willys Overland Overland pl 33% High, 40 . 12% Lee Iter & Tiny, 2 ow Ligoit & Meyers. . 150 11% L4™ . 107 46 ~ 19 3 n 2 2 as ir ro 1% ry 0% 74% 10% Da ry 10% Be 1% o 1 he oi 49% My 3h fs » 136% oy 20% 15% 2K 20% 10 106% 16 Se 2» oT 59% a 16% ++ 107% 50% cay = BM ™ 1% 2% o% 3% 8% 1% 33% 10% ™ Ms Me Tota) wake, 1,069,400, | (600 atited Ou “ vivsse ++tet FEeEE wre 18% Iron & Steal 434% 13 58% 64 10M, neeeres Pa % | ptt a ane t+} iteitid ro Ae + eee eR ERR OK KF FFT SEKE iv2l, 99 Complete Stock Tables —Financial News 200 Chie & Kast ttt. 400 Glen Alden Guat. 300 Goldwyn ti STANDARD oma. 1200 angio-am on 13% 1% aS 400 8 U of tnd a INDEPRNOENT ors. 10) Atkaneas Nat 200 wait ‘™ 20 ret MOS 1000 Boston Wyoming o on {4400 Carly Sind 6 i ere. 1 saa Seniiw ; we us 4 a0 tice “Keates, 2% 13 360 r¥hoe yf wo | 100 Cltles Service It pf, ‘ iJ , | 100 Create sud ed ee 500 Denny Ou... a 500 Linglurers Petroleum oo. mY 1000 Wederat OL, we MD Mudron VIL ‘ * ve Int Petro 13 18%] Maracaibo OU Whe uy 100 Meritt git Shy Metin Ui) Mountain Prod, Now O11 Noro Vil fee... Vroducory & Mefioers. .. Salt Creek Prod... Stmuna Tee Skelly Ot a Teron O & L.. ‘fy United ea OF % 4% Uuited dtoyalty 2 Fy 00 Cortes Suver . Cresson Gold lit Dundie ane % Eureka Croemus 2 30 Bureka Holly ers Gold Cons Gold Deve. Goldfeid Morence 2 5 vy 100 Great Tend. 1 1 1 200 Hela Mining ‘ ‘ 4 1000 tron Blosson . Cn eee} 600 Jumbo Extension 5 5s 6 A formal conference of bankers has heen arranged for June 14 for the purpose of discussing ways and means to relieve the situation caused | by ‘the demoralization in the sugar + market Special attention will be wiven to the undermined financial position of Cuban financial institu- tions and business concerns. A pre- | the coming and more important con- ference, The increasing seriousness of the sugar situation is given by bankers the decline in the stock market. Va- rious sugar concerns made heavy | market at and above |The drop in sugar to legs than three sulted in losses running into the hun- ‘dreds of millions of dollars, A num- !ber of banks made heavy loans on sugar at 15 cents a pound and higher. and protecting loans has forced the | gamping of available securities on the }stock market. In only one instance, so it is understood, did the loan ac count of a lending bank get into such a condition that the credit position of the institution become precarious. ‘al And in this one instance, so it is suid by people in a position to know the facts, directors immediately came to the bank's aid by putting up more than $20,000,000, ‘he position of this at any previous time, Bankers assort that there are no similar “sore spot cations. stee} stocks have evidently become discouraged at the failure of recent price cuts to induce new business. Incoming orders of the United States Steel Corporation probably do not amount to more than 2% per cent of capacity, Incoming business of most independent stee! concerns ranges from only 10 to 20 per cent. of capac- ity. These independents are quietly underbidding each other in their ef- forts to secure orders, but these tac- tics have simply served to lead con- sumers to the conclusion that steel prices haye not reached bottom, and holding off waiting for still lower prices. Directors of the Cru- chin Bisel Company mee) ile wast 80 MILES AN HOUR SPEED MADE BY COP Motorcycle Speeders After Exciting Race on Staten Island. Motorcycle Policeman Maurice Ge- sobeidt of the Staten Island force drove his machine at a speed of eighty miles an hour this afternoon | to overtake two speeding automobiles | on the Amboy Road. The two cars, driven by Carl Wingate of No, 6278 Broadway and Henry Reers of No. 588 Boulevard, both of Bayonne, started southward from Annadale in off as the cars, Policeman — Catches | roadway, the pedestrians had to get making more than fifty-five miles an hour, went roaring by. Some one telephoned to the police two of Gescheidt | to make up the two miles but also to increasing not Avemue and forced them to stop, and then he took them before Mugis- trate Fetherston at Stapleton Magistrate fined them $50 cach. pee KAHN DINES WITH K TWRUSSELS, June 18 the American finan at dinner Saturday King Albert and Queen and Queen thanks to Mr. Kahn for the generosity | As {here are no sidewalks om the of Americans to Belgium, Vhe Wall Street expects that the dividend will be radically reduced. to the rising re onlyloral Reserve Systein, or the drop in local call money rate to 6 per cent. the |The present plentiful supply of call dit situation is found in the time scarce at 7 per cent. further sensational break to-day, It 15 Sbare. High. Low, Laat. iNDUSTRIALA. 400 acme Coal... ™ 1 1% 400 Amal Leather 1S MIS (0 Auto uel ‘ ar) 100 Brit Aw Tod coup. 12% 440% 40% es a 100 Joter Rubber s% 848K 409 Southern Coal & Irn... 3% 8 600 0 8 Sean ao ou & 800 US xbip Corp... a as 100 United Prone Sharing... 1% 1M 1% 20 United Ret Candy an 3300 Universal Gum , Adauta 1 Bs ledge al Booth, : 3 Hos & Mont 60 Caled Miu 9 Candelaria M 000 Sun Ou &e a ay | 10000 Swirt & Co 96% 96 | 2000 Vacuum Oil. | ruttonga strane, liminary conference was held to-duy | ! by bankers who will participate in| 1 as one of the major factors back of | {: for three-vear-olds ; one commitments in the raw sugar| 100 Seddam. cents a pound. | cents a pound at Cuban ports has re- | ani w bank has now been made as strong as | {Invented ty Edison, Screen Has and that there is absolutely no dan- | ger of more serious financial compli- | Liquidation of stee! securities to- | day was heavier than at any pre-) vious time this year. And nearly all | civic clubs and the Chamber of Com- the steel issuos touched new low | merce here to-day, Dr. John T: Tie records for the year, Holders of | 34 tsnited States Commissioner of ‘The speculative community ts in such a peasimintic frame of mind that absolutely no aftention is paid vrve ratio of the Fed- money ia attributed to preparations for making income tax payments on He caught up with them at Hugne-| June 15. When these tax deposits are transferred from the account of individuals and corporations to treas- ury account, they no longer figure on reserves of clearing house banks, and when the Treasury begins to draw down {ts balances in local de- G Atavenr,| positaries it ix believed that call Kahn,]inoney rates will again work higher. er, was entertained | A truer index of the money and fn the Royal Palace |‘ Elizabeth, their = money market. Time funds are Cites Service common stock had a! ments sald out. COMPLETE CURB QUOTATIONS Share. en. Law, Lat 1000 Knox viride so tt | 1200 MeNamara wo 6 8 1000 MeNamara Crescent 8 8 1000 Marsh Min... . 6 5 100 Motherlode now 6 8 5 2100 National Tin s 8 of 00 Nipisaing ea 1200 Nex Cons. eS i 1 0 Htochester Mines . ‘ 6 6 507 San Toy .... qo ‘ 500 Silver King Divide . 1 1 1 400 8 Silver Lead a 1000 Succeme Min 2 : 2 1400 Tonopah Helmont . Is tw Itt 1000 Tonopah Cash Boy . 5 6 fy 3700 Tono Divide 1M it 1% 100 Tonopah Ext . ee) 1000 Tono-Jim Tt . 8 ‘ 8 100 Tonopal Midway i a 200 Tonopah Min. Me Mm 1000 Tonopah Mizpan t ul 1 1000 Tonopah Montana . 6 4 8 500 Tonopah tescue ry i] 400 United Fasten. 4 2 | 1000 Victory .... 3 3 200 West End © no 20 White Cape ’ 1 1000 Wuler Avid a 1 FOREIGN BONDS 5000 Runetan Gov Sha +e t& ow | 7000 Rumian Gor Gis...... 20 18 30 14000 Swine Gor 5ibe 19000 2000 Aluminum P 1000 Am Tel és 23, 14000 Am Tel Ge 24 4000 Anaconda 7s 29 “000 S000 Beaver Boards & 1000 Beth Steel ts 4000 Both Stoel 7 2000 Can Nat ty Ha 10000 Chi Union Sta 2000 Cons Gas &&.. 19000 Cons Textile 1 1090 Copper Fxp &s 2000 Copper Fiap 8 2 | 4090 Coppor Exp 8s 28. 0% 3000 Cudahy 7 100 2000 bmpire G & ¥ 66. * 1000 Gem Asphalt 8 98'9 4000 Goodrich ‘Tire - 18000 Grand ‘Trunk 6%! 4 35000 Gulf O81 Ts... 1% 8000 Heina Uo 1% 12009 Humbie Ou) 95M 5000 Kennerott ¢ 5000 Olio Powers 7 99 90 9000 Sears Ioebuck 4 OTN 1000 Sears Tloobuck + 10% 90% 4000 Souther Hy ts. sie 95% 95% 95a | 1000 Southwest Bell Ts...... 96h 96% 90%) 1000 8 0 101% 101% 101% 20008 ON ¥ 7 3 50008 ON ¥ Glas... 100 190100 9000 Un Ry of H + 93% 93% +100 100 08% 98% 98% 5000 Western Elec fell 20 points, or from 140 to 120. The jstock has now fallen 80 points since |Saturday morning, when it became known that the company will pay the next dividend in scrip instead of } cash, —_—_—>——— MONT PARK RACE TRACK, N. Y., June 13.—The following are the en- tries for to-morrow's races: FIRST RACE—Claiming; for two-year-olds; five Index, Hore We ‘Index Home 171? $Veilet Cotlenn 104, Voozerig SL fThistiebloaw 172 39) Farewet 8 *Pancake.....100| 181 *Dovenrooat SI Pars. Russ [102 1s) *Wreakla 71 of 1St Briarelilt 10) 145 Mabel A —Condiions; for three-year-olds We. one mile Index Hor 165! Devastation Daranocr THIRD RACE~ furlongs: main cours. Index Hore We. Index Hore, wt Actress ......100) 1S} Siren Maid. 157? Major 1839 Cum San | s Blue Telie Gin 115 = CH openilL 1S head FOURTH RACE—The Handic 15s Yeuuw 1 Nt Camofieur . 183 Whisk... FIFTH RACE—Claim.ng; for. throe-sear-olds rd: one mile and & sixteenth eeeeT12 | 08 "Heed Girl... 18 Oi) Ss Crystal’ Ford! if 2) 18} Whisk . 100. *Fib. Uihbet..106] 101 tAmer, " itoy’ Whack 112) 140 Sunny’ Land five futlongn;. seraipse as Bf 1a? Fe eI il 186 Ning ‘Sin " i uv i ~~ Leghom mY 181? Juno. *\pprentice allowance <laimed, Weauher elogr: track ‘ast WILL SHOW MOVIES IN BROAD DAYLIGHT, Only Been Seen by President and Few Others. LEXINGTON, Ky. June 1° —At a luncheon given in his honor by| Education, showed « new “translu- cent” motion picture screen invented by Thomas A. Edison and a number of other men working together by means of which motion pictures can be shown without darkening a room. The screen, according to Dr. Tigert, |had never been shown in public vefore, only President Harding, a number of United States Senators and Government officials and some motion picture men having seen it in operation. By means of this screen, the Commissioner said, he hopes to introduce visual education in the pub- lie schools throughout the country. a PUSHCART HURTS THREE. Hit by Anto, It In Knocked Onto Crowded Sidewnlk. An auto truck going downtown at falr speed on Second Avenue this afternoo struck the pushcart of a peddler trying to run across the strect between Lwoth and 101st Streets. Tho cart was hurled to the sidewalk and knocked down arv- eral persons. Ida Goldstein of No, S71 Bast rove Street, Pinkus Cornman of No, 197 They were able to go to thetr homes, Prices realized on of carcass boot} ending Saturday, 11, 1921, on ship. to 17.00. cet cents per pounilAdvi. 4 qoney yronided ae marriog Louise Wenton. a lsclose to him information regardi Hugh's Secused af the shooting. Also. In Monte cussing gure 0 rewcaing watemer, girl 105% 1093's Luss | to play us false! Jones!0i | 6 | Si ACK FF ich iiliem: tw | The necessity of meeting contracts [ode he RAGke: Nahai” fille: two-reer who had been sitting man who seemed to be her husband, rose and left. A moment before she had exchanged glances with the watcher who, apparently at her bid- ding, rose and followed her. st D8th Street, and Nettle Hontg of No. 221 Bast 98th Street were attended by Dr. Hahn of Reception Loxpital, you not? od from 14.00 couts 8 per pound and averaged GE) By William Le Queux. on bl SYNOPSIS OF PRECEDING INSTALMENTS. ‘A myrtery surrommdn the death of Mugh Henfreys father, who has left the son s Jarve wum of Carlo." wi Mihcn ‘ake ia abot, Out Hot fatally.” Hugh le Kanscomp with who High ls tn love but who is being avis Uuriog ainuinca Atugh is mysteriously aided AL thiowes, Whose tdentity and motive are boih piivertio,” “who promea to ake wer 0 Hut penons whom ‘ine mystcrious man, warns Dorisa against, Hugh ts told mls aafety. |) Dorie by sppototment. They are ‘and arranges for ‘Khe Sparrow,” who discusses |t wi in to leave Madrid. CHAPTER XXIUL (Continued. ) ell who gave me away to Scotland Yard!" exclaimed 66 URELY you don't suspect | that it was this Mr. How- Hugh, surprised, but at the same timo recoliccting that The Sparrow had| been alurmed at the detective's visit | to Dorise. He knew that Benton and Mrs. Bond had suddenly disappeared frum Shapley, but the reason he could only guess. He had, of course, jav prvof that Benton and Molly were we! ization. Again ho tried to extract from tho what she knew concerning his) father’s death. But she would tell him nothing. “I am not permitted to say any- thing, Mr. Henfrey. TI can only re- gret it,” she said quietly. “Mr, Frank- lyn is at the Ritz opposite. I should like you to meet him.” And she took him across to the elegant hotel opposite the Neptune | Fountain, where, in a private sitting room on the second floor, she tntro- duced him to a rather eldviy, artsto- cratic-looking Englishman, whom none would take to be one of the most expert jewel thieves in Hurope. When the door was closed and they were alone, Mademoiselle suddenly | revealed to her friend what Hugh had said concerning Howell's sugges- tion that he should travel to Madrid Pranklyn’s face changed. He was in- stantly apprehensive. “Then we certainly are not safe here any longer. Howell probably intends ‘We must leave this | place—all three of us—all three of us) —ax soon as possible. You, Lisette, had better go to Paris and explain matters to The Sparrow, while I shall fade away to Switzerland. And you, Mr. Henfrey? Where will you go “To France,” was Hugh's reply on the spur of the moment. “I can get to Marseilles.” bers of the great criminal orgun- ‘es. Go by way of Barcelona. It is quickest.” said the Englishman. “The | express leaves just after 3 o'clock.” That afternoon Hugh, having only! been in Madrid twelve hours, left again on the long, dusty railway jour- ney across Spain to Zaragoza and down the valley of the Ebro to the Mediterranean. Reaching Marseilles, he took up his quarters in the big |Louvre de Paix Hotel, still utterly | mystified, and still not daring to write to Dorise. Tt was well that he left Madrid. for, just as Lisette and Franklyn had uspected, the police called at h hotel—an obscure one near the sta- 100|tlon—only two hours after his de- for three-year-olds; xix | parture. Then, finding him gone, they sought both Mademolselle and Frank- lyn, only to find that they also had 2 | fled. Some one had given away their secret! In the evening Hugh ate his dinner alone in the hotel, and then strolled up the well-lit Canneblere, with its many smart shops and, gay cafes. He was entire! Unnoticed, behind him there walked an alert, business like man of about forty-five, He was well dressed, pos- sessing a pair of shrewd, searching eyes, and a mustache carefully trimmed. His appearance was that of | a prosperous Frenoh tradesman. Walking a little further along Hugh came to the corner of the broad Rue de Rome, where he entered a crowded cafe in which an orchestra was play- | ing. at a* loose end. undersized little Frenchman, an He had taken a corner seat In the window, had ordered his coffee, and was glancing at the Petit Parisien which he when the stranger who had followed him from the Louvre et Paix, took a vacant chair at his table. taken from his pocket, Suddenly a tall, dark-haired woman ‘All this passed quite unnoticed by Hugh, immersed as he was in his newspaper. Outside the man and woman met. | They held hurried consultation. The women told him something which evidently caused him sudden surprise. “T will call on you at eleven to- morrow morning, Madame,” he said. No. I will meet you up at the Reserve. I will lunch there at twelve. You will lunch with me, eh?” “Very well," he answered. “Au revoir,” and he returned to his seat in the cafe, while she disppeared without returning to her companion. The mysterious watcher resumed nis coffee, for he had only been ab- sent for few moments, und the walter had not cleared It away. Hugh took out his cigarette case, and suddenly finding himself without match, made the opportunity for which the mysterious stranger had been waiting. He struck one and handed it to his vis-a-vis, bowing with his foreign Then they naturally dropped into conversation. “An! M'sleur ts English!" ex- cluimed the shrewd-eyed lttic man, “You know Marsellles—of course. “T have been here several “{mes he- fore. 1 find the city always gay and bright.” “Not so bright as before the war,” declared the little man, sinoking at his ease, “There have been many changes lately.” He chatted merrily with the stran- wer for uearly half-an-hour, and then rose and left the cafe. When quite Close to the hotel the ot took him, and haltin, voice in very good Ker over= asked in a low Suiglish: “{ believe you are Mr. Heafrey—are “Why do you ask t inquired Hugh much surpriscd.. My name is Jordai William Jordan Fea,” laughed the man, “That is, In Monte Carle with a friend, Walter Brock Hugh tm pe by Li Passero, known to Hugh. Dorise ineets yh and who asks her if she jenly appears as Dorise and Howell and wen sc Lisette, with whom he become soquained while Aiding in Genoa Se ————__...- — I know, the name you have given a! the hotel But your real name ir Henfrey.” “That you were to go at once--t night—by car to the Hotel de Pane at Cette. A car and d you at the Garage Bes Rue Beauvau. I have arrang everything at the You are one of US and the man laughed lightly. up to Cette as soon as ever you can Your driver will ask no quesi will remain silent. He has his o¢ from the Sparrow." Mr. Henfrey,” litely, safe his hat and left him. way terminus, to the Rue E garage, wher was awaiting him in e outside, oh and bag,” replied lishman swered politel. entered de la Liberte to the Gare St. Charles ear by with a} looked Sure enough, was a watch, though sho protonia ; withont the univer edi movements. Cette with all speed the man’s reply. yesterday,” he added, to his seat and the 2 ze besides him. iiaihied the village of Lanco little place in total marked as they sped oe Martin Int they call the Cy the worst,” he added, able to decide. father® dea ‘urged by ber mother to cape by ot adowed by om allen Live with people who, sel)! mnvatertous I Passera, ‘Tbe en with him on Fi . ® plau to have Harold ie Tate oginen unum ia Vienna, of jewels. Being told by mer mother that Hugh lias becou WErmed 10 Louie Laubert, Dorise deca wot mert im at Farnham. ‘Ieturning to Shai (oreiren a iedter” trom” Dorigg aving “ae has Wy letter iey Manor | with Louise. He ta) is Hugh to Madrid to, ie Warne im against Hows he ins fallow Hugh started. The stranger, notic ing his alarm, bastened to reassur him. CHAPTER XXIV. rt 4 OU need not worry,” said the stranger to Hugh. “| am not your enemy, bu a friend. I warn you thi Marseilles is unsafe for you. Cet away as svn as possible. The Span ish police have learned that you hav: come here," be went an as he strollers at his side Hugh was amazed. ‘How did you know my identity?” he asked eagerly. I was instructed to watch for your arrival and to warn you.” “Who instructed you?” “A friend of yours—and mine—the Sparrow.” “Has he been here?” “No. He spoke to me on the tele phone from Paris.” “What were his instructions er awalis u, in t! uv rrow’s ordey understand,” But my bag?” exclaimed Hugh “Go to the hotel, pay your bill, «nt take your bag to tho station cloti- room. Then go and get the car, pre ¢ ur bag, and get out on the real tons, anc “Does the Sparrow ever come t seilies?” Hugh asked. Yes, sometimes—when anythous really big brings him here. 1 hay. however, only scen him once, fire years ago. He was at your hot. the police were so hot upon his he escaped by getting out of the wn dow of his room and descending means of the rain-water pipe. It one of the narrowest ever had." As the word they were passing a well-lit brass:r.«. A tall, cadaverous man pa and Hugh had a suspicion t exchanged glances of recosnit ‘as his pretend 1 at pelea? Pi led friend an agen For a few seconds he debated wi himself how he should act Hugh could not make up his mond whether the stranger was jeiate of the famous + whether he was very clev ing him into the net t was only that exchange of glanc. « with the passer-by which had arouss Hugh's suspicion. But that significant look cans: him to hesitate to ac ous stranger as his friend “Very well," he said at last. “Woe I see ‘the Sparrow I s EN how cle how perfect we for my escape." upes he hes left the man’s muouta on. an mew arr ly ept the myst : all tell th erly you approached mo, ant re your arrangemen s “I require no thanks or reward replicd the man py “My one desire js to get ¢ out of Marseilles.” And with that the stranger lifted He walked out wt the great rail- nd inquiring the way uvun soon found the & powerful open var roadwiis A smart driver asked in Fre: A as r neh “Where does M'sieur wish to go? To the station to feteh my ' the young Wng- “Very well, M’sieu the man an and Hugh having he drove up the Boulevard As he approached the consigne be along the platform and there. woman on the slightest interest in his Hugh put on his coat, and oarry- ing his bag placed it in the car. “You have your orders—ch?” asked Hugh, “Yes, M'sicur. You are to go to ett Is not that so?" Yes," was Hugh's reply, “Twill come up beside you. I prefer it, Wr shall have a long dark ride to-night.” “An! but the roads are good,"" was “I came from Cette he mounted fer got up Hugh sat there very thoughtful as the car sped oyt of t y s and ‘bust, Heanor seh eae he had come from Cette on t - vious day gave color to the ‘ane ira no net had been spread, but that th stranger was acting at stranger was acting at the orders ot not like that woman who had wntel-y so patiently his coming and pe the station, ' The man's remark that arrow. Yet he did It was midnight before they got to nM, an obscure jarkness, the driver re. through thr “This is Lancon, direct road ray Arles. From there Hugh was undecided. Was the man who was driving him so rapidly out of the danger zone hig friend or his enemy Tle sat there for “his is an outlandish part ot France.” he remarked to the driver presently “Yos, But after Salon it ts more desolate.” Do Not Miss To-Morrow's Interesting Instalment. \I ————samaeonennenanenet aanemanesneraenensenianneesnag/