The evening world. Newspaper, November 28, 1921, Page 18

‘10 TO ii. was no mistakt stock market this morning. distinctly upward. All classea stocks participated in the rise Many issues that have long been in A comatose condition were revital~ ‘and kept pace with the real se the t con ranged from fractions to 7 well beyond 2 points. Considerab'c > fatrength was ‘kewise shown by the » bond list and by tie grain markecs Beyerar of the vr bonds we je to register new higns, for tie Fear Wheat rose wore than w com “B dushel, Cotton was inclined tv wines. Forelgh exchange rates : re on. no new developments of especial importance in finance, anes or politics to account for strong upward trend to-da' fea appeared that buying w: apeese/on a more thorough appr ‘ciation ‘that securities, including both stocks and bonds, are selling too low, considering the value ot —, and the general situation outlook. Phim and apparently well authen- ted advices from Washingtob the Arms Conference now held in Washingtot h up the matter of reparation or international debts at this se: Bion did not dampen speculative \ enthusiasm, although settlement of that the final disposition of matters will not be long layed. t emphasized the strength of the i rket to-day was the fact that fetch of tho buying was traceable. 7 to strong interests who are appur ently accumulating stocks, and 10 r important interests who have been in the market on a large 8, prices were — fractionally higher, and floor traders, operating onthe theory that a reaction is long overdue, roon began to put out lines of short-stock, centring their activi- ag largely in the ofl and st Such sales were easily an . a. 2 and before the end of the ‘hour the upward swing was well under way, ive. buying first appeared in equipments, then extended to | he ‘rails aud ‘fmally to the steel oils and other groups. The leadinj were able to register 8.60 of two points or more and, in ess or three Instances high "a orig f were within one. or poin*s of the last several years. were by the makeup earnings statements for Octo- | _ It was invariably shown that | gross traffic * receipts were | TBnaltor than in October of last) » Dec returns were substantial- | Mlarger and in nearly every, in- were large: than in Septem- jt. ees 11 T0 12. eee nt is buying continued = right ugh the second hour and the ive sy prices tor the morning, were Padretered just before noon. Rails ed leadership and most of the priced dividend payers we~ to show advances of well be- da point. Steel became in ac- demand and sold to a new high int for for the present upward move- it and within two points of the h of the year, Other Is dis- ed corresponding strength. 3 pase in money conditions was 4 by large offerings of time “money ‘at 6 pey cent. The renewal for money Rl gg reid on de- was 5 per cent., but there was th an abundance funds avall- that the rate was soon dropped 41-2 per cent. 12 12 70 1, i. = t buying continued throughout | eked during: tip mo noon hour, Botts and Utah touched new ag aid for the year, and quite oJ ber of stocas nee ag a Oy _eanipments also recorded new ie extent of outside buying couned considerable short covering, and buy- ’ of this class became an impor'- Ras * nd factor in the forward movement. - Even the best friends of the market, ‘are surprised at the fact that the _ Mist was able recently to make new with each succeeding day witl.- ‘outa technical reaction, the pond market foreign Getern- ment issues and Liberty bonds * the ralis in point of strength. ry 43-49 sold at par. Money on gall continued in abundant munyly _e@t 41-2 per cent. OWL ‘Quite a little profit taking mide its appearance during the fourth hour, but In the main this was well ab- and guch reactions as d were mostly limited to trac- jons were Davison Chemical Sears Roebuck. The former more than 2 points and ed @ decline of more than 8 its compared with its recent It is a stock that has had its main support in pool operations and its weakness failed to influence other enemical shares or the market asa whole. There was no satis-| factory explanation for the 4 point) break in Sears Roebuck cement of a reveivership for Willys Company, which came the close of the market on y, did not unfavorably in- other motor shares. Suga as A group, seemed to be un- ‘to follow the rise in the rest of market. until the last it was well ab- wil not | more (han 2 conts a bushel. Fote clgn exchange rates were slightly lower, bepiialpimiil Wall St. Gossip| 2 ‘To-day's stock market w: respects the strongest and br witnessed sever) mont forward boy nt was impressive not only w of the breadth gad extent of the advance but because of the large number of industrial issues in Adv. Adax Aue Alas oan & Pound 145% Expr. Am Hide, & san Am An Am mn Aw that have long been dormant and‘ which became in active demand and ‘+ which scored substantial advances, Most of thgse issues were preferred \Am Bi She stocks offering a high rate of income return and buying seemed to come from Investors; Much of it was done ; by wire houses with connections in| New England and the West. | October earnings statements of rail now being made public, ur up to expectations, ‘There were than @ score of such statements d to-day, including those of the New York Central, Atchison, Ruck Baltimore and Ohio, Chi nd Northwestern, Norfolk and W ern and New Haven. These all showed healtny expansion in net carnings with the exception of Northwestern. And the net increases were scored in the face of heavy decreases in gross. The market ion of the railg .s a atrect reflection of improving net earnings, plus the aealthier financial position of the haha brought about by the ecsier cogdition of the money market ond the kreates ficility with hicd companies can sell xuipment trust certificates and other obliga~ tens, A syndicate, headed by the National City Company, is offering $20,099,900 New York Edison Company (% per cent. twenty-year bonds at 191%, t yleld over 6.10 per cent. rt The Brown Shoe Company reports for the oe be, ended Qct, 31 last a 307,000 bis he previous fiscal Jean There Was a deficit, after all char of $758,400, compared with a sueplu! of $362,000 in the preceding yea: Raror.. io & Com, Am Am am | Am Am Am va An AU Bir & At. Ath Const Line. Au Gull & OW 1. At Guit & Wis Atlantic Fruit Haldwin Loco Balt & Ohio. Balt & Ohio Batopilas Mining. . Beth Stoel .. Meth Steet § p Doth Steel B. Bkign Rap Tran. Bkiyn Rap Tran etfe see 119% |; Turng Broo .. Butte Cop & Zine . Hutte & Sxbet fore» Tarnedale B Caddo Cent O11 }Calit Packing The Utah coe Company shipped | Calif Petroleum direct to the end of January, | LIBERTY BONDE, Opening, %%s, 96.2 ast 96,20; 44 Ht 96.10; Bd 4%. 4th 4448, 96.40; 4% FOREIGN EXCHANGE oP Sterling demand, 3.99 78 up 3-8. French francs, demand, cables, ,0698 1 demand, .0407 1-2; cable: Belgian ‘franc: 8, es, 0665, up 0015; mand and cabl 4s, unchanged. .1893; cables, .18! Guilders, demand, .8548; cables, .8559, off .0925 demand, .1383; cables, Sweden kr, demand, S830; jorway kr, dé- mand, .1428; cables, .1428, unchanged; Denmark k demand, .1845; cables, +1850 up 0005, cacaeeeeguneenl VIENNA ONE VAST GRAVEYARD BUT FOR U. S.—LORENZ Great Surgeon Warmly Indorses $14,000,000 Drive of Jewish Relief Committee. «oar Indorsing the work of the Amié*fcan Lorenz said to-day: “Without the help America given, Vienna would to-day be one vast graveyard,” Im referance to the aid given jewish organizations, he added: “They tell me that the Jews of America are to give $14,000,000 more to ald the people of Eastern )Kurope. It is a noble gift. “I have been in Vienna ever since the war. Until your President's proc- lamation of a few days since, 1 was, technically speaking, an enemy of America, but there is no enmity in my heart. Lam brimming over with love and gratitude to Anurica for what she has done for my countrymen. “I have watched the work of the American Jewish Relief Committee as, with gifts which your generosity lavished upon us, they fed the starv- ine children and cared for the sick 1 destitute. I have sald it before, nd [ cannot say it too often, that, without the help which America has so freely given, Vienna to-day would be a vast graveyard. “Uncounted thousands of children in rope owe their very lives to the Joint Distribution Committee and to the organizations who raised the money that committee disbursed. |. “The greater part of it came through ; the American Jewish Relief Commit- e American Jewish Relief Com- mittee has-my heartfelt thanks and the thanks of thousands of others. success in the present ap- jpeal for $14,000,000 depends the life and comfort of other thousands no needy. “| am not of their faith, but hu- manity knows, no race or creed when there is a work of mercy done. There~ |fore, I say. God bless the Jews of | America and prosper them In this new asi The American Jewish Relief Com- | Mittee’s appeal for $14,000,000 is be: \ing directed by David’ A.’ Brown of Jewish Relief Committee, Dr. Adolph ¥ F has at ‘genet & Ariz ™!! BM 1% 2 1% career Guilt Petsolnnn of # ents |Chi, Mil & At Pe @ pound, will be above 14 cents etore | en, Mi & StP pt as newmatic ‘Tool 53 toro De Taso, Ds Del & Hudson. Del Lack & West 112% Dame Mines ....5 Ymulicott-Johmon e 4 Granby Miaing Miinois Central, Indiaboma’ Refi Indian Kefining Luter “Harvester Inter Me Inter Nickel Invincible Oil. Island 01 Jewel Ter Jewel Tea pl.. Jones ‘Tea anaas City Kaname City So Kelly @pringtield Lehigh Valley Lig & Meyer Detroit from the committee's head- market was not at any At quarters at . 103 Park Avenue. Louis Marshall is Chairman of the and its members include Lae 4 tase fame Logo . Centra) Taather pt Johandler Mgtow Cubs Cane Super e “im ay Oy + My 46% 9 Consol Testile + Con Int-Cal Mint 7 ‘s + 10% Grfat Northern pf. ftoter Mor Marae Mar pf 19% + 78% + aM Tnppiration Copper. Unter Cons Cory vf Inter Agr Corp... - wh a6 iteel take Erle & Wert tou lee Rud & Tite . 26% oe i+ wm + wm + IW + w+ Alt + 48+ i% — “+ wM + 86% 14 — wis + 3% — wi w, Mont Wand». Montane Power. Seek Oban eta SS EREEL ERE th] Pas Devel Com... Ran Am Betrol eRe Am Pet B. Penn RR. Penn Bead ‘Steet. tg | Patton 1% | Pieroe Aurom 44 | Pleme Arrow pt is Pierce O Pitta Coal... Pitts & W Ve Pod Creek Coal Pemeed Stool Car. | Pullman Co... ‘Panta Aiee. Soar “44 Pure oi. nig Hail steel 8p. a 1% 1% 4 , Heading tet ot ay | Heeding 24 of. 14 | Remington Tre 6 Rep te Beet Rep ‘Iron & Steel. . Rep' Irn & Bt i Rey Motor . ‘ Seaboard ‘Air Lines. Sealvoard Air Lit Sears-Roasack Seam-Reedack Seana Corer Shattnok Aritpag Sinclar, O} $0 Porto Riso [southern Pacttic. , [Southern Ry. Southem Ry pt. ‘Stand Oil of N Stand 0 of N Stromberg Studebaker | Sutmartne Boat. Superior 011 “| rexas Gulf Sul Leon Cop & Chem, 49% — he St ae 11% Btls + 1% B% + te iy “Tobacco Products, "6 Trunscon Oil Oh + 6] 78% + 1 MN = 45 j"Tranave & William ‘Twin City ‘Rapid. Union Bag & P. Union Pacific ‘pt. United Drag: Unitel Fruit. tu Utah Capper. Urah Securities... %e | Vanedivm Steel | Va Caro” Obem.... 4 [Va Caro Chem gt. . ak — 1 Wash Paso of + 1S) Worth Pama of B. 6 18 - + it 26% 8% % 3 :|McADOO ABSENT. IN HUMES SUIT ‘| Star Witness Files Deposition in * $500,000 Love Tangles. ; G, McAdoo, Auguatas L. Hu sf millionaire, in the alfenation suit for $500,000 fled against him by Lieut, Lorimer C. Graham, U. 3. .N. did not appear in court to- day but filed a deposition testify- ing to, Hums's moral uprightneas. Graham is suing Humes for a!- leged allenation of the affections of his former wife, now Mrs. Humés, who obtained a Reno di- vorce from him, Graham alleges this {s void, In addition, Graham is gulag Mrs, Humes for “a valid divorge,” as he calls it, At the ate time peisnesl Seeenpe bank- 400 Am Writ Paper. 169 Brit Amer Tob reg.. 1400 Bat Amer Tob omip. 100 Burns A 1590 Bums, Boon 600 Cal Gr Fruit. ‘tire 500 Labbe” MoNeit 810 incon’ Stotors A 100 National Learner . 10 New Jersey Zine KT. 2a8222 ‘ce 40.0.0 8 Bhip Cor..., 2900 United Profit Sharing. 700 United Ket Candy. 1€0 Wayne Coal 800 West Bad Chom. 600 *Willrs Corp .. 900-Willys Corp: 1st “p. STANDARD 01! 4 Net Trans 145 Prairie Pipe “25 8 Ott of Kaas, 3000 BOL of Ind. 408 Ol of NY. ' INDEPENDENT 1400 Alem Oil 500 Allied Oil 600 Arkansas Ni 1490 Boone O11 .. 840) Botton Wyoming 900 Cartb Bynd ,. 15300 Cittes Service B ets. des Cities Service oid Tet’ | Giiend, @2 1300 Glenrock O11 100 Grana®s Ol 8599 Hudson O81 2000 Imperial 2500 Int Petrol. 1200 Keystone Ranger 1000 Lance .. 1000 Lirinyston 1500 Lyons Peto . 5500 Meridian Pete . TOO Merritt OW . 69990 Meateo Ol) } 200 Mountain Prod | 6900 Noble oi 230) Omér Olt ; 70% Peanok Olt 200 Ryan Cons + 200 Sapulpa Tet 300 Bkeny On 400 Southern POR 100 @penter Pet 260 ‘Tidal 1090 ‘Tuckenay 2000 United Tex Ol ,, 200 Woedbum . 4900 Oil .. 1400 Alas-Br Col 100, pirarado Min #0:Gons Cop M. 1200 Cortez Silver 3300 Crémon Gold 400 FL SAtvador 34206 Kurphe. Crows ..., (00 Gold Devel 2300 Gold States 2000.Guld Youd. 1800 Heda: Mining». 200 Howe Sound , 2000 Tos Blosson 600 Kuox Divide 1900 MeNaprare .. 300D MeNamuinre ' Creveem 900 Tone Divide 350 Tosopah Mi 690 Tuotumno 800 United astern 200 United Verde 10% | FP) 35 6 Citter Serice 1. Col Grapho ss. 10,Cons Gas Ralto 3 Cons Gas Datto 6 Copper Fxp 89 2 Copper Kap $s 24 2 Deer & Co Ths. 8 Gen Asphalt 8 36 Goodrich Tire is. 3 Grand Trunk 6%¢. 15 Gulf OM T8...0006 iM 1 41% 6 8, 101% 100% 100% 99% DOM 105% 107% 107% 108% 29% 100% 102 101% 108% 100% 100% 106% 104% 90% lw? 107% 105% 908 100% 102% 101% 104% 100% 100% 106% 104% 100 102% 101% 104% 100% 101 + 106% 104% 100 28 Western Elen 7s. aL henna SES lla % “JO MARBLEFIR FIRMS » AND 33 DEALERS — UP FOR SENTENCE Judge McAvoy enapane One Case and Suspends Five Other Charges. Representatives of twenty-nine cor- ‘porations in the Marble Industry | Employers’ Association and thirty: ithree individual members of’ that |body appeared before Justice John ty|V- McAvoy it the Supreme Court this afternoon for arraignment fo> 4} sentence on their pleas of guilty to '%} violation of the Donnelly Anti-Trust « | Law. eo [weeks ago. i 3 | he corporations and. individuals were indicted as a resillt of disclos- ures brought out by the Lockwood Committee and Samuei Untermyer of conspiracies to charge excessive prices for building. supplies. ‘They 74 | Were represented in court to-day by Herbert 8. Smythe. The prosecution was represented *by William A, De Ford, Special Deputy. Attorney Gen- Tw] eral. 2 | In line with his procedure in other 24! matters of the kind, Justice McAvoy | took up*the case of each corporation and each individual separately and Ustened. to statements on both sides, He said he would require in each in- 44 | Stance a full statement of the volume of business done by a corporation, a| partnership or an individual under i dictment and the amount of profit realized. On motion of Mr. De Ford, sen- 5’ ‘tence was suspended in the case of the ; |John H. Shipway & Bro. Corporation. ss |The indictments against Batterson & 11} Bisele, No. 101 Park Avenue, and the $7) {talian-American Marble. Company, ay an No, 608 Christopher Avenue, Brook- 14 [lyn, were dismissed because of se 42 |vices renderéd by these concerns to ty the prosecution, sy! Sentence was suspended 15 » in last quarter 1921 3 deposit ments; rates, etc. kw commission pay you to read tinese | BANKING AND FINANCIAL, —GASOLINE SITUATION and its possibilities —Companies that may show big improvement in —Wiill 1922 be big year for copper? —Market position of shares of Coal companies —Market trend, past three months, charted — —Price range, volume of trading on over 100 stocks —Bonds yielding over 6% —How to buy or sell tequire- Jones & BAKER New York Curb Market _ Private Wires mate Sor Se Fee ieee Rien seme sd cre els in the The pleas were entered two the | Sa |__ BANKING AND FINANCIAL. TCONFESSES HE WAS SHADOWED | Youth Admits $28,000 Boston Bank Robbery — Two Others in Jail. r DETROIT, Nov. :28.—Mistaking for Michigan Central train arriving here this afternoon, John Petkew! enteen years old, sev- confessed to them that he had participated in the $28,000 payroll hold-up the A. G. Walton & Co. shoe factory at Cltcl= sea, Mass,, last Saturday. Petkewicz turned over to the two citizens $5,000 in cash which, he said, was his share of the loot obtained in the hold-up. “I know you two are detectives,” Petkewicz told the two men in the smoking compartment of the train. “I know you are after me for that Bos- {ton bank job, You might as well arrest me right now,” they said the boy told them, The two men, Michael J. MeDon- Detroit and William M. Coney of Chicago, questioned Vetkewicz at length and the latter, beginning t» suspect they were not officers, de- manded the return’of the money he had tossed into their laps. Instead, they turned him over’ to the police upon their arrival here. Petkewicz told Edward H. Yox, Chief of Detectives, that he had left Detroit about «a month ago with a man who had bullied him into bee ing an outlaw. Petkewicz is being helg for the Boston authorities. BOSTON, Nov. 28.—Dolice announced to-day that John Dubok of Scranton, Pa., arrested last, night in’a room in Everett, where $20,000 was found, had admittéd that the money was part of the Joot in the $28,000 payroll robbery yutside the shot factory of A. G. Wal- ton & Co, at Chelsea last Saturday. He @dmitted dlso that hé was one of the robber band, they said.; James Luna of Olyphant, Pa. ad- thitted driver of the bandit car, was ut & hospital for treatment of a .wound inflicted by bank messengers during an exchang? of shots. outside tional Bank of this city, $8,000 not yet recovers) Was hidden in assist In locating it. }gases of David $. Traitel of the | resentation of his - seven: father, Benjamin D. ti |was an employee of the concern. and {did not share in the illegal profits. Edward J. McGratty of No. 96 Brook- jlyn Avenue, Brookly: PL lag brother and partner, Gratty, and Jacob 8. Po 1884 Seventh Avenue ‘absolved his ‘rother and partner, Michael ‘Iried- man, and sentence’ was suspended in cach of these cases, , all cases under advisement und an- nounce all the it the same time. When the gase Steam Marble Com: Herbert Smyth, eounsel for the de fendants, argued that nothing had been brought out in regard to the ac- tive participation of the company or Albert» H. Ericson, its President, in the trust. He urged that n view of this fact sentence be suspended, ‘This suggestion was opposed by Mr. De Ford. Justice McAvoy imposed a Ine of $500 on Mr. Ericson and re- served sentence on the corporation tantil the completion of the hearing, BANKING AND FINANCIAL. || COPPERS Merger Rumors, ‘Advancing Quotations and Possibilities Conviction is in Wall Street rat le Lm Copper interests state that consump- Horch copmer a now atthe rete of ‘of which ||] 75:000,000 raat iaeg opr drawn from surplus now placed at be- |] tween 500,000,000 and 600,000,000. ier sarommcelty iwbich scant either in storage above gro Pad native wale underground. Those, therefore, who purchase good copper stocks now asd Milhag exercise sufficient patience to await developn nents: which must come, tape oe the deple- tion of the copper lus, the the minés and the resump- tion of dividend ‘payments, should be able.to secure substantia! profits on all purchases at current prices. iaatiedy’sivey ai cx at Het es 4 favorites: ty Cony Free Upon Request McCall, Riley & Co. Youk Breed st. New Yoru Rector 2101 raga PRIVATE WIRES SAFE AND SUCCESSFUL, MARKET TRADING HOLDUP BELIEVING, detectives two fellow travellers on a| Ra Three employees of the First Na- who had charge of the moncy, identified Dubok. He told the police that most, of the Chelsea, and he was taken there to Traitel Marble Gompany*‘on the rep- | ar-old t hey his | Justice McAvoy. suid he would tauell | of pf Brooklyn A ie reached, | WOMAN FAINTS WHEN. SENTENCED TO JAIL Viusintonaite Mayonne M Meld for Assault Mrs. Peari Van Horn, a: handsomely Kowned Soung woman, fainted 1h court this inorning at ‘Bayonne, N. J., when Recorder William J. -Cain sentenced her to jail for thirty days for driving an automobile while intoxicated, and alng held her in $1,000 bail on a ch of assault. ; She admitted she had had “a tittle In Hudson County Boulevard . Knocked down ‘two po Olsen and Edward Jonas. struck & te'ephone pole and Mrs. Vw’ Hom's back was 90 spraine ed that d te be treated at the Bayonne car her but’ were not They ae the names of Dante! No. 226 ast 119th Street, and West | 101st ae TWO TRAINMEN CHARGED WITH STEALING MAIL Taxicab Chauffeur Also Arrested by Federal Agents. *. B. Kelsch, of Suffern, N. ¥., and J. ard of Mahwah, N. J., trainmen on the Eric, and Arden Brush, a taxicab driver of Suffern, are in Jafl in Suffern charged with having robbed the Unite! States mail.” According to the Federal detectives, mail # containing registered mat- ter and@arcel post have been disappear- ing on the Erie between New York and Suffern for the last six weeks. Inves- tigation was said to reveal that the two trainmen. th off and that Brush received them. reel post mat+ been found in the homes of the alleged. ter hi men, it f Dropped Dead tn Subway During Rush four. R. Chase-Morris, fifty-five years old, owner of an automobile accessory shop and service station at No. 293 Seventh Avenue, dropped dead this morning q ing the rush ut the Times 5 lion of ‘the Interborough Subway: 3h was changing from a si pte (oa. Bete enth Avenue train. His body was iden- tifled by a ‘budineas avsociate. —— aes Cox'n Father Dead | father of James BE, Cox, Governor and Demecratic Presidential nominee, died at his home here last night. He was eighty-eight years old. BANKING AND FINANCIAL. Searchlight Sketches Chart ‘analysis showing con- dition and possibilities of Worth While Ametican Securities. The following now ready: Am. Int. i l can jeans oe ie pers Kelsi ‘Am. Sugar Am. Sm. & Rei. Anaconda * Mex. Pee ami Mid States Oi Oil Nevada Cons. I]] General Asphalt {]] General Motors Haskell & Barker | Uub 1 Requests for any ot the above Searchlight Sketches incur no obliga- McCall, Riley & Co. Members Consolidated Stock Excnange of New Yor 20 Broad St., New York ‘Telephone ‘Rector 2101 Philadelphia Hari DIRECY PRIVATE WIRES Royal Dutc) Sinclair U.S. Stee! LEGAL NOTICES. UBGAL NOTICE, ROTION Je ero aiven hat TALL sOm DAY. Auctigueer. nhl!ael et oeiy Nereiuaiag “Uenesiba at site arist ere Ue, pen, New hoe city mk fa Nhe afternoon of TN) RE SOLD FOR STORAGE LIDNS. Mr RG, Adsme—Que bine fox ‘earl oe bive a "aot eh FoR Be aes Lapy 8. Fiteh “soa:t, One Fite INTEREST & DIVIDEND NOTICES. WEXAS GULP SULMHIL 4 ater cutlery dituicad, of bacon share bas a de LOST. FOUND AND REWARD: JA f— Lady's gold waloh, wih bh Beach Gala, See con Tints Sauna 7 Sunn eebsak he Site ia Si oi dead ea toi i 0