The evening world. Newspaper, June 24, 1921, Page 24

— Btock prices this morning displayed 4 firm tone, Even the volatile specin!- ties which recently have been muy ing in such an erratic manned fhuic- tuated within a narrow range and in nearly ail instances were able 10 register fractional gains, If there ‘was liquidation in the market it was) in such small volume us to be un- Roticable. Bears did not resume their hammer. ing tactics, possibly because the market is now !n what ciosely ap- proaches an oversold condition and possibly, also, because of the near | approach of the week-end holiday. | In these hectic market times it is] unusually hazardous for traders to) carry contracts over a holiday. The | firmuess displayed this morning | was due to the desire to close) _THE EVENING WORLD, FRIDAY, JUNE 24, | a dividend of 50 cents a ehare| | ould be declarcd to-day in addl- tion to the regular quart divi dend, Steel shares, the equipments | und in fact practically all groups| worked up to new highs for the | 2 TO 3. market maintained a firm tone | Phe | The Hat | to the end of the session wag helped by the aanvuncement | of the dividends by the Cora Pro- ducts Company, including the extra | of 60 cents u share Announcement of th | application of a | cuosins stock quotations ‘THE CURB-CLOSING High Low, Ade Ttumely 12m 12 | Ajax Rather 21% 1% | Alani » % Ninwka 1% 1% Alls Chalmen 2% 2 | Am Age Chem... 36% 36% Am Heet Sugar we OK Am Bom Memeto 31% 3M Am Can so ye Aen Car & Hound, 118 418 Am Car & Finn pf 106 108 tea Oxtton Vit i 16 Am Vang 4% 4% Aw 6% wu j Am te o Amn Wa Am 2 Aeu Lovomotive Ma Mlied (hen sT% Ain Salety Maxor aM Man Ship & Com Ain Smelt & Aus de mt it tee Voundey Aw sugar Am sugar ot Ain Samates ‘Tob tm Ve: & Tel Am Tabasco Am Tetaceo ota B.. 118 11S Am ‘Tel & ‘Tel tne “a w LA France 8% 8% short commitments before the end of the week. Buying for public ac- | count was a negligible factor in the | advance There aguin was 4 dearth of news of | market importance, The biggest | item of interest was the showing | made by the Fedcral Reserve Bank ip its weekly statement of coniti- tion, The rese rativ of the w York Keserve Bank rose 1 than 8 pointy to the highes< since the early part of 1918. ‘she reserve ratio of the system as a whole rose ubout three points and also stands at the highest figure since the eurly part of 1913. but) Wall Street's mood is such at the) present time (hat these statements failed to create the slightest specu- lative enthusiasm. Neither did of- ferings of cal] money in the out~ | side market at 4 per cent, induce | buying for long account. The volume of trading contrasted) sharply compared with recent ses- | sions. In the first hour transac- | tions totalled only 175,000 share: On most days of this week the first hour's business has totalled any-/ where betweon 250,000 and 400,000 | shares. 11 TO 12. | The market continued to have a very professional appearance during ihe peoond hour. The entire list contin- ued to move within a fractional range, and in nearly every instance small advances were shown over yesterday's closing figures. Traders endeavored to make capital out of the new steel price cuts expected to be announced during the next ten da: but it seems to be the con- sensus of opinion that these ex- pected cuts have been discounted by the recent sharp drop in prices. Additional evidence of the improved condition of the automobile and tire industry was found in the an- pouncement that tle Goodyear Company is about to employ 1,500 additional men. This is the first time in more than a year that the eompany has asked men to apply for work. Profits of the Ford Com- pany and the Studebaker Com- pany in June are expected to be the largest for any single month im their history, but euch factors fas these seem to have little if any weight in shaping market sent!- ment. United States Steel worked up to 715-8, an advance of more than a point over the low mark of yester- day, Motors were firm, Mexican Petroleum again worked up to 112, an advance of 9 points over its re- cent low, Marine preferred was conspicuously firm. Rails were| fractionally higher and without! e#pecial feature. H —— 12 TO f. Increased short coverning during the noon ‘hour imparted a firmer tone to the entire list. Rails were able to extend their advances to good sized fractions, and in many parts Of the industrial list advances over the previous close were extended to nearly 2 points, In many quarters it was believed that the big bear element have been de- terred from making further assaults on prices by the evidence of strong kind of banking support which the market gave yesterday afternoon. ‘These bears encountered the strong- est kind of buying in Mexican Pe- troleum, in United States Stecl at just above 70, and in various spe- Gialties. TT0?. receiver tur the Lepublic Rubber Company did uot have material ef- | fect. It simply served to renew discussion regarding the probabll- ity of the United States Rubber | Company cutung dividend disburse- iments When diivetors meet next Week and that sivck failed to Keep pace With advances in other parts of the List Mexican Vetruleunr and other of} shares held carly guins despite en] increaxed amount of profit taking near the close, and the gteel, rau road, motor and other gro: shares clascd at ov neu prives of the dy and as ranging from good sized fraction= more than U.S. sNSULHELD ON ARRIVAL HERE FORE eit Haeberle Baton. U. S. Com- missioner on Charges by Chambliss. Weta points, i Arminius T. Haeberle, until r cently United States Consul General at Rio de Janiero, Brazil, recently or- dered by the State Department to duty at Sidney, Australia, was ar- rested to-day as he was leaving the Munson liner Martha Washington, which docked at Hoboken from Rio and Buenos Ayres, The arrest was made on a warrant sworn to before U. §. Commissioner Edward Rt. Stan- ton in Hoboken, by Capt, William H. Chambliss, formerly master of the Shipping Board vessel Lake Elkwood. Chambliss charges that Haeberie and twelve others illegally seized the Lake Elwood in Rio ‘Harbor in Octo- ber, 1919, put the vessel in dry dock. sold its cargo of coal and its stores, appropriated the commander's money and personal property and pocketed the proceeds, The Recorder issued thirteen warrants on Chambliss’s rep- resentations that all, or nearly all, the men ‘he accuses would arrive on the Martha Washington. ‘The only arrests made wehe those of Haeberle and Archibald H. Price, who alded Haeberle, it is charged. Hae- berle, in October, 1919, was, In addi- tion ot his concular job, the agent of the Shipping Board at Rio. The charges made by Chambliss upon which the warrants were issued to-day have been put before the Ship- ping Board and the State Department, neither of which took any action, Haeberle and Price were released in Mr. Carpenter's custody. pedal ital ae SUGAR CONTRACTS UPHELD BY JURY |! Validity of Agreements for Sugar at 22% Cents Sustained in Baltimore Court. The validity of contracts for sugar at 221-2 cents a pound, made between the American Sugar Refining Con- pany and dealers some months ago when sugar prices were at their peak, bas been sustained by a jury in the United States District Court at Balti more, The Franklin Sugar Refining Com- pany, a Philadelphia subsidiary of the American Company, brought suit against Frey & Son, large wholesale grocers, and the court and fury up- held the brokers’ sales memorandum as a binding contract. ‘The outcome of the Baltimore case has been eagerly awaited, as it in understood that a large number of wholesalers throughout the country have thus far refused to live up to Shortly after 1 o'clock the report waa ireulated that the Mexican Gov- ernment will nullify, by special de- cree, the recently proposed increase on export taxes of oil. This re- @ulted in a further retreat of the short interest in Mexican Petrole- ‘am, which hose above 118 and other Mexican ofi shares went up two points or more, Corn Products rose 2 points on ex- contract for sugar, made with the American Sugar Refining Company when that commodity was about 22 cents. President Babst of the American Sugar Refining Company states: “A year ago people were eager to buy sugar at wholesale at 22 1-2 cents. Sanctity of contracts has become one of the foremost issues in the busincss world.» The decision at Baltimore, like many others in the courts throughout the country, goes a long way in giving the prompt and per- emptory answer, which all right J vu, Gora avd SEIZURE: +] Granby Mining Ateh Ity pf Nt, Gate & Wot ot Riiwin Loco Haldwin Loco pt & Ohio Bat & Ohio pt Neth steel | Meth Steel ft Ithiyn Reid Tra Rin Rap Tran cto 10% 10% Cade 10% 10% Cnt Patong 6 6 [Cal Petroleum 38% Canadian Teific 105% 1 Lester H% De Cent Leathor pf (8% ORM Cero De Vasco By NY Cortain-ted trod Bh BH | Ohandier Motors my & Cha & ONO... ATH 8 CMe MP RR By COMAStP RM pt. S0% Ay Chi Vea Toot Sim StS RE & Bac 10% CULE Pog. O00 71 im 4 19M 10 1 we Chile Copper. 10% 10 Chino Comer 2 20% Cova-ola Ww oT Col & Geuthem. 3388. Col Gan & Elec... S44 he Columbia Grupho. 4% 4% Comol Cigar... 2K MK Commol Gas... 6% 8H Consol ‘Textile 1H 1S Con Inter-Cal Min 4% 4% Cont Gundy. 1 1 Ouden Oil. D> TK Corn Producta .... G1 @2's Sore ' une Cane Siar. Cuba Cane $ pf, Conyol Dis Chr & BM pt ctw, Cian Amer sugar Del & Hod... Den & Mio Gunde Dome Mince 1 khorm Oval Fadicott Johnson Kreovort Terme... \Aaohalt wil & Wie Gt Nor pt.. Gt Noe* Ore Houston Oil Ineriration Caper, , Inter Cons Corp. Int Com Cony pf Inter Agr Com. . “Inter Harvester, Autor Moor. later Pager .. Inter Mor Marine, - Int Mer Marine ot. a Kano City South. Maxwell Motor 1 gf 3% 3% Mex Petroleum .. 113% 10% Miami Cape... 10% 10% Mildle States Oil, 10% 10% Midvale Sted ..., 23% 3% M & St, Lous... 10% 1049 Mo, Kan & Tex... 2 ¢ Mo Pacific ah Mo Wacific ae Mont, Ward 1% ‘Mullion ‘Body S% National Acme , 19% Nat Kuam & 6to.. 42% 42 Nevada Covel .... 10 10 New OrT & Me... 41% | 4h Now York antral, 08% 60 Now York Dodi... 20% 20% NYNH& UL... 16% 15% NY Out & Woe. 17 0 a7 \Nosfolk de Ne 1% Nor Pac oO Nat RR Mex lw 4% 4% Oklahoma PAR. 2 1% Orphen iret mK fl Pac Der Cor 10% 10 Vac Gas 60% 80 Vacitic Oi MS fan Amer Pol 49 40% Pan-Amor Pet B.., 43% 41% eon It Ik. Si 32 Seavert Bul 7% OT eaple’® ‘i 48% 47 ore Marquctto. 4 16% Woilada Company... SO ty Piillipa Petroleam,. 17% 17 Here Arrow 10% Pierce Arrow pl... 39 a8 Pioree Ob .. 8% 6% Pitudaing Coal... Gt 62% Vite & Wet Vo., 35 AM Pook Ork Coal 12% 12% Lan, Chee 12% -— 4! ay — *” Ww +. a4 + % ah + us 4+ 4 108-1 ws 4 40m 4 nun + & ah +h RM + 1K +2 ye % mh M+ 1% Be mB +h 2 unt Avenue shad Nowxo Prxncte,. “1% ‘Trannon Oil 8 Union Bag & tw « Union Ou. Union Pactiic 1%) Eni Waite ye | United Alloy ... United Drug Unieat Deug Lt pt \g | Unwed dun... % {| Usited vood Prod. 16% 15% M4 [Om By I om. :o8 i% % [Vo Ry InvCogl. 18 Te |v otal) Scores. By Mh 4) U8 Ind Aleobol.. Gon 40% 4) U 8 Teaity & Im 43 3 [US Rether US Ba foor tet yt WIT S Steet 10% UG Sted of 10%9 4] Utah Coser + {HT Va Oar Chem vf 03 61M Rion + 1% | Wotan , Th 9% OS% — 1% | Wotan of A 10% 19% 2 Water pf B ao M Weetern Maryland., 8'» ® Weet Md 2d nt 16% 16% "Wert Union ca ‘86 Wertinghowse ay ne bE Wheel & LE s 7 ‘ . y White Motor 30 whe 3 TTR [waite on... 848K TL * | Watveoveriand Coch Tih + | Willye<verkamt Hy at 1p% — ty | Woolwerh of... 108 1 00% | TEX Hirklend, ‘foal eaten, 63,400 16 i -————~. 2% 30 +3 an ; W i ah + ? £1/Wall St. Gossip ren a - VOSS] 89% + 1% 1% — 4% + %| Wall Street brokerage houses nave ae 41 |!mmeasurably added to their reputa- 64% + 2% {tlon for financial stability and good + 3 |management by the manner in which + 2%/iney have withstood the current fi- H nanclil and business depression. The x 1% | @rop in prices has been of panic pro- 1 % 1 2M cy Ved air % ” 1 14, reer SE 1, | 0003 1-2. Lire, cables, .0473, off .0003. 4 | Belgian francs, demand, .0793; cables, | 0794, off .0008. Greek drachma, de- — 1%] mand, .0603; cables, .0608, off 0010. 2 Swiss francs, demand, .1683; cables, 3% — %| 1685, off 0004. Guilders, demand, WS% + 3%] 8296; cables, .3298, off .0002, Pesetas, 10% + % | demand, .1313; cables, .1315 off 0013. 10% + %|Sweden kronen, demand, _ .2: 2% — %|cables, .2230, off .0005; ' Norway 10% + \%|kromen, demand, .1427; cables, .1432, 2 -— %|off 0003, Denmark kronen, demand, 17% + % | 1687; cables, .1692, off .0003. BH +t —_—_—___- 83 + ia + 1M LATONIA ENTRIES. Wenae Sonrenensenned 4% + ack Hae tuner inet 10 stra ie 44+ Wie + Mead 1% + % w+ % Me + 1% COe+ bw m+ he 2+ ou NE.” Above 10 % ahs" Racn i i we + % ae, Ber Ww: 105; * 108 “eo +4 de 10: Bahorte “+a . + claim) ea Famed aun: fr ae it iow tt ‘Cowen +2 2: Wa MK + % Rrosct Wandicap; for inree oe Bi tha mo + & Petrarch. 95: Fire Brand, 100; Advo ms ince Velo, 107; Our Flag, : we +t = — 1% oh % -- % Bit % h—- & wit Mh + IN a set % Vanadium Steel % ** portions. During the last six months Ai contrast to ‘High, Low, Tast itn Ms 12 Be + Oe 7 aiM4 [Hop tron & Stori. 43% Reyawlie Motor . le Wosal Duteh NY, 50% StL & San Fran, Wy StL & Sowtiwat 20% StL & Sout pt 25% | Sema Motors Seas Air Line 4» 4 Sear-ltortrick Seneea Cop. Sel T & Sinclair Oi. Slomasielt Steel HK Uorto' Rico saz sonits Tine South By... Stand vil NJ of | Stewart: Warner | Stross erg Studebaker Submarine thet ., Superior Ou Vy Caro Chem stocks of a great many compunics have fallen to the lowest quotations in their history. At times prices have virtually collapsed. A large number of houses obligated themselves in syndicate undertakings, pniy to find that their capital had be- come tied up in securities that were practically unsalable. And money rates have beon abnormally high. For the last six months it has been prac- ically impossible to obtain funds re- } Payable at fixed dates. Yet in sharp other perlods of acute financia! stringency and panicky de- clines in security prices there has not na single brokerage failure of consequence, There have been one or wo Instanees where a helping hand had to be extended, but as matters now stand Wull Street brokerage houses probably never have been in a healthier condition, By a gradual and healthy process of liquidation loans have been reduced from §$1,700,- 000,000 to approximately $600,000,000, and many firms are In such a strong Position that they are large lenders of funds in the call money market. These brokerage houses have carned a large merit mark in the Book of Public Confidence. LIBERTY BONDS. Liberty 81-28, opened 87.42, off .04; Ast 41-48, 87.42, off .06; 24, 86.78, up 08; 3d, 91.26, off .02; 4th, 86.86, off .04; Victory 33-4s 98.36, off .04; Victory 43-48, 98.36, off .04. FOREIGN EXCHANGE OPENING Sterling, cables, 8.73 1-4, off 1 1-4. French francs, cables, \.0796 1-2, off 1921. ——= We Carry a Full Line of ‘Pictorial Review’’ Patterns Saturday Sales RomenetRe Sars High Low. Lant INDUSTRIALS. 1200 Arms Coat 400 Acine Packing 100 Aetna 1 £000 Heopine Pood 00 Glen Aiden Cosi {00 Mado. ea i : L. A. PRICE, eree _ Satisfaction Gaaranteed or Money Promptly Refunded 100 U 00 1 Lou INDEPENDENT ous oll 2200 Allic 1/0 Malt P 400 Boone 011 3000 Toston Wyoming 4100 Carib Synd 2200 Citica Service “B" 150 Cities Service pf. 870 Citles Service old 1(0 Creo'e Syn 600 Denny Ot 500 Fk Basin Pet 1160 Engineers. Petroleum 600 Gililland Olt 10 Guffey Gillespie 500 Uudson Ol MM 12% au etfs ~ New Y ork? 8 Biggest Value in Women’ 8 Styles that are original, jaunty and Stott ing, patch pockets and belt. Sizes 36 to 4.9 [. W ‘omen’ 8 One Piece Knitted Bathing Fight 50c | Values that pombe! meccunttia as out of the Women’s All- Wool Knitted | Women’s Extra Size Bath- Excellent Quality Light Weight Venetian and Satine ordinary Bathing Suits With Tights ing Suits. Sizes 46 to 54 to Sew ma, seat thar" | $2.49 to $3.98 500 Noco Ol... = 2000 Noble Ott 100 Pennok O11 ‘ 800 Producer and Te finers — t . i Powd. FACE Graduation Special—Boys’ All Wool Serge |; | P i Wen Ger eae ie e owder i 800 Simms Prt 1% Two | All shades, spe- i Pe ppc acl 3% | || cial a box, Satur- gee a Suits | f"39e. 1009 Alea asectesiies 1 mae Baga and Ramsdell’s 1800 Boon id Reg. $ Cold Cream 4 3 Gee Bee ta ‘Mont 48 $15 Value, 10 95 i eons iad ies een c 3500 Cortes Silver. 7 Looks well, fit well and wear well. || |) Vaginal, Douche Syringe, 800 Cresson Gold . 200 Dundie Ariz 500 Inu Crocmus, 2400 First N Cop. Rotary Spray; Regular 98c¢ 64 Cc | | i Regular #8... UZ | White Pine Tar Moth | | | | Guaranteed all wool blue serges and neat mixtures; hand felled collars; alpaca lined coats; neat stripes, browns 1000 Gold Cons 75° ¢ i . 7 | Proof Bags The Gate wepiae and grays; pants full lined; 8 to 17 | 1000 Gold Silver Pick. 5 years. Il appare} | 1500 Gold Zone .. . | Hi 51.19 600 Hecla tinting 90 Iron Blosson 59U0 Knox Divide 1100 Mon Boys’ Washable orfolk Suits {300 MoSamara Crescent 5 Crash, linene or Palm Beach 8 .69 Pettey Napkins | 106aketherads nae. ‘ $10.95 cloth; smart, becoming { Special. . c 5800 Ney Hills Kiea. u 9 styles, tastefully trimmed; | Epsom Salts, U.S.P. 200 Nipissing 4 sizes 8 to 17. | || Pound.............. Ile 1000 North Star ‘ : = 2000 Rex Cons ™ 1000 Rochester Mines . 5 7 Ss oe Sale %,S"" Dresses Ro ae Summer 00 Tonopah Cash Remuera a Voile and Organdie Frocks of Unusual Beauty at jest ore al a Prices That Will Arouse Enthusiastic Buying. ‘00 , 1000 Tonopah Montana ie ip to up to 1000 Tenopah Rowue Bula. -s, 19 $5.00 ° $7.50 ° 800 United Eastern. 4 100 West End © 1000 White Caps 1000 Wilbert Sizes 16 to 20 yrs. and 36 to 46 bust. Hundreds of stunning tunic and surplice models, in exquisite floral and other deaien, in beautiful color combinations, with ruffles, collars and cuffs of white or self color organdie, trimmed in the daintiest and most becoming manner. 5000 Swiss G Sis, BONDS. 8000 Allied Packer 6s. 4000 Am "01 ce 22 2000 Am Tel Gx 24. 95% 4000 Anaronda Ts 2 1% 1000 Armour : ie ron ton ae es Saturday Morning Sale 1000 Meth Steel on 4 HOURS ONLY—9 TO 1P. M. Box PleatedSkirts 1900 Can Nat Ry Fu Te 9000 Ca & Fart Tl 5s... 2000 Cons Gas 8s. 100% 2000 Copper Exp 8 00% RicRURA 7000 Comper Exp 88 24. 99% ic: y Fy 5 $000 Galena 8 0 fs. ihe laids and White Gabardines Smartly styled and neatly "$6 in regular and extra styles—25 to 4| waist—three superb plaids —tan and brown—tan and navy—Copen and tab sale white gabardines. . 2000 Grand Trunk O% 8000 Guir Ol Ts. 7000 Humble Oil 1000 Inter RT 7H. 1000 Sears Roebuck Ta 6000 Sears Roebuck 7: 1000 Southern Ry 7: tteo 8 0 XY fe All eeecrtt White Satin Baronet Gthe 3 1000 8 ON Y¥ 6%p. 13% 2000 Swit & Co omy 6000 Swift & Co 6000 Vacuum Oil... 2000 Western Fleo Te. Smart Summer || Sport Hats This is one of the biggest Sport Hat values $ 1-95 _ BANKING AND FINANCIAL, _ Investment Opportunities offered this season—styles are absolutely new and in great demand; in some instances they are worth nearly double our sale price—Special . | velope Chemises of nainsook Values Up to $4.00 ] and batiste, prettily trimmed, value $1.50 Beautiful quality fabrie in | Silk and Satin En- handsome color combina. || Lot 2 Sik a Chemises, tions, Jap, floral and Oriental lace trimmed Italian Silk designs, prettily trimmed and i Vests, Crepe de Chine Bloom- made good and full, all sizes. || ers, Windsor Crepe, Billie i \| Burk d Night , Long Kimonos’ Value $8.00." eon le Half Bands, $1. Te ore ae oe Ait A Price Sale Ostric h pene ae simple comparison of current 0 tations with the high prices of = = ee ak moles searies Handsome Serpentine Crepe | Extra Special Values in rlabngie Kimonos | Lingerie | . Exceptionally | OF Silk, Nainsook and Batiste a L tage ah Pretty Models i 8) Se « ss ay 1 $2.98 Branch Offices ae $ 1 98 | Lot 1? DaintyNight Gowns Direct Wires te Vartus Marbets e \ Petticoats and En- 98c FUNERAL DIRECTORS. Call “Columbus 8200” Any Hour, Day or Night @ FRANK & campumiy—) "THE FUNERAL CHURCH’® tae. (Mon-Sectarian) 40, Made of good quality crepe; || Special. ood beautiful designs and color- Lot 8 Better quality of ings. Value $; the above, Sabor rately trimmed. $2.50. sm 8 V aluse to $5.00 § cial,.... Special...... 2. 98 Store eee 9 A. M. to 5.30 P.M. ‘ANITOR for three-family apartment house Ap- wy Edward Reo, 1062 Jackson ‘Bronx.