The evening world. Newspaper, December 13, 1921, Page 23

F (For other page 24.) market news, see 10 TO 1. Speculative optin in an important degree inarket this morning, um@ weile ac tivity was centred ely a spe- clalties, gains extending to more than a pvint were not uncommon, while in a few instances net ad- vances amounting to more than two pints compared with the close of ast night were registered There was Little in the way of busi ) was manifested tthe stock ness news to stimulate activity, but remarkable rates strength of it seemed that the in foreign exchange day, the continued bonds and the tranquility the money market in view of ‘epa rations for taking care of huge Gov ernment financing on Thursday and also preparations for taking caro of year end xettiements were sufficient infucements for holding to the con- structive side of the market in spite of the recent extensive advance Foreign exchange rates this morning were reactionary, which was to be ted considering the extent of rise yester ‘* advgnee. But at no time was the ‘exchange market actually weak, and while demand aterling.at one time showed a loss of more than three cents compared with, the close of yesterday, most transkctions were within two cents of yesterday's close. In the stock market oils were in the strongest demand, particularly the Mexican ixsnes, and Mex. Pete and Pan-American soon showed . net eains of more than two poini The move, as far a could he as- certained, was purely speculatiy and was mostly at the expense of « large short interest who have steadfastly held to their position wince hecame known that the American oi! men Mexico failed to result in modification of Mexican taxes on the production and exportation of crude and fuel oil. Next to the oils, independent stcel shares and the coppers were wmost it recent visit of in favor, Independent steels were plainly influenced by progress that hos been made in negotiations in- " © 2 consolidation of more than Nalf a dozen of the r Pi oduc Reported merger lations were likewise respons for quiet secumulation of Chile Copper, Anaconda, Utah, Inspira- tion and others in the copper group Railroad shares failed to follow the lead of the industrials and oils. Improvement in. railr earnings and the strengthening of th: finances of the carriers generaily feom to ve lost their force, tem- porarily at least, as a market fac- tor. In many “quarters the ex- planation advanced that rail- road shares are being sold in order to raise funds to meet‘income tax payments due on Thursday, but this seemed hardly plausible, as such selling would be ‘felt equal force by the industrials any with {71 To 72, The forward movement of Industrials gained further tum in the second hour. seemed to be an unusual of Mexican Petroleum and American stock in the market both these issues extended their advances to more than three points. Other oils followed in sympathy with particularly active buying in Houston which was credited to pool account. Replogle Stcel led the Independent steels upward. Tt was stated that this corncern, con- trary to opinions that have’ beer held, probobly would be included in any consolidation of the larger in- dependent steel companies, It rose nearly three points, Rails continued to be ‘backward, but squipments were firm, and textile shares and food stocks Were gen- erally higher. Money loaned for purposes of stock speculation, r +Payable on demand, renewed ‘at 5 Per cent, — 12 70 1. —— @hortly after the turn of the noon hour it was announced that direc- tors of the Chicago & Northwestern Railway had ordered the payment of tho regular dividend on the com- Mon stock which is at the rate of ber cent. annually, ‘This issue im- mediately rose about two points, but the remainder of the railroad group, with a few comparatively ‘unim- portant exceptions, continued to rule fractionally under the final figures of yesterday Rubber and tire shares still felt the influence of rising crude rubber prices. Motors were generally higher and tobacco shares, includ- Ing American Sumatra, which subjected to heavy selling yesterda’ were steady. YOY Buying of Mexican oll issues con- tinued in such volume that short- ly after the turn of the fourth hour Mexican Petroleum rose close to 121, for a net in of more than five points, Pan-American : ros more than four points and oth domestic oil shares rose from one to three points Independent stecl shares and the cop- pers maintained practically all theis early gains, but f cropped out in the railr most pressure centred on St,’ Paul issues. The bear crowd still seemed to be able to make capital out of the unfounded report that the compaay | will be unable to renew its $ Joan from the Interstat+ Commerce Commission, This loan matures within the next two months, St. Paul preferred fell to within about & point of its low record price es- tablished earlier tn the year, and other leading rails ahowed reactions @f nearly a point 2 70'3. ' Tho market closed strong with final ces of most of the industrials and oils at or very close to the highest of the day. Ia_the last 15 minutes of business Mexican Petroleum crossed 121 and we increasingly évident that large short ‘was very 000,010 hadiy trapped. Pan-American rored a net gain of more than 4 points. -! Burns Brothers, Famous Players, American Ice were among the spe- ctalties that were comspicuously strong, \ Rails firmed wp in final dealings and were evidently inuenced by the pro- nounced strength of so many Indu: trials o In nearly every i rlier losses were complete- ly regained. Demand sterling at 8 o'clock was quoted at 4.17 7-8, net loss of 2 5-8 cents compared with yesterday's final quotation, French francs showed a net decline of 14 points, The wheat market closed 1 1-2 cents lower, Cotton, after early weakness, rallied and losses at the close were limited to an average of about 10 points, ae Wall St. Gossip ‘Two private cars left the Pennsyl- vania Station this morning, carrying numerous officials of steel concerns and bankers who are vitally inter- ested in the proposed consolidation of more than a half dozen of the im- portant steel producing companies, ‘The inspection party will first visit the properties of the Replogle Steei Company. It had not been known up to this Ume that Replogle was bers actively considered as a part of the contemplated consolidation, As negotiations involving the pro- hosed consolidation progress, it d velops that, if finally effected, it wli! probably be large than originally be- lieved. “And it was learned to-day that the negotiations are making such progress that a definite offer to s curity holders of the various concerus it is proposed to consolidate may not be deferred beyond the ead of Janu ary The American Woolen Company has decided to abandon its attempt to compete in foreign countrise with the woollen manufacturers of those countrie The American Woolen Products Company, the export subsid lary of the American Woolen Com- pany, will be dissolved As was predict in this column ay on official authority, di- of the Chicago and North- een Railway this morning de- clared the regular 5 per cent. divi- dend on the common stock. The management of the company has been nonplussed as to how the rumor that the dividend would be suspended originted, It is stated that at no time was a possible suspension of div- idend payments even tentatively di cussed by the directorate. Following the aanouncement of the regular div- dend, the stcck immediately rallied ;™ore than two points and showed in of four points over the low of yesterday. Persons who are in close touch with the affairs of the Chandler | Motor Company assert that directors have not made up thelr mind as to whether it would be policy to suspend | dividend payments, and the question will not be decided until to-morraw, when d{rectors, at their meoting, will have available the sales sheets of the | company for the last three months. Signing of the four power treaty to- day was immediately followed by strong buying of foreign bonds, with those of China, Japan and France | being in particular favor. In many | instances gains amounted to more | than a point. An effort is being made to extend the powers of the Cuban Sugar Com- on until the end of February. s been proposed to wind up the {fairs of the Commission at the close of the present year, and a bill containing this provision has been in- troduced in the Cuban Senate. Friends of the commission are now endeavoring to have the bill amended so that the powers of the commis- sion will be extended another two. | month: d that the control of the | new Cuban crop be placed with the commission, It seems to be the con- sensus of opinion In the sugar trade | that such a move will work to the | detriment of sugar companies and to holders of sugar securities, | LIBMRTY BONDS AT 2.80 P. M, 95.60 95,30 95.46 97.40 97.10 97.36 97,04 96.84 96.94 97.86 97.64 97.80 96.46 97.14 97.34 98,98 98.98 99.98 100.02 100 100 | FOREIGN EXCHANGE OPENING. | Sterling | | | | demand, 4.18 7-8; cables, 4.19 3-8, off 15-8. French france de- nd, .0811; cables, .0812, off .0008. Lire demand, .0464; cables, .0465, un- changed; Belgian frane demand, .0779; cables, 0780, off 0012, Marks demand and les, .0054, off .0006 1-2. Greek drachma demand, ,0415; cables, .0420, unchanged. Swiss francs demand, 1938; cables, .1940, off .0002. Guilders and, .8638; cables, 3640, up .0015. Vesetas demand, .1513; cables, .1515 up .0005. Sweden kroner demand, | .2435; cables, .2440, off 0033. Norway demand, .1515; cables, .1529, 0015. Denmark kroner demand, cables, .1915, off .0010, | a FEWER OUT OF JOBS; BETTER TIMES IN SIGHT Louis H, Sullivan, director of the In- dustrial Ald Bureau, No. 129 Worth Street, to-day said he believed unem- ployment was definitel yon the wane He said the great need is for emp'oy rs | to continue to register thelr unt i'jed Jobs that there need be no worthy per- son idle while there is work to be done. He sald the average daily registration at the bureau last week was 150 as compared with 390 in the Inst two weeks in September. The market according to the direc- tor Is flooded with women atenog- raphers and secretar There is a dearth of women for domestic service, tho bureau being unable to fill the Pe. sitions vacant, It is the belief that a revival of business will follow the holi- | days wi ~" will further un- HEALTH OF HORSE BASIS OF DAMAGE SUIT FOR $100,000 Veterinarian Testifies Playfel low Suffered Only After Losing Third, Race. yfellow, full brother of the famous racehorse Mon O'War, ran two races last June without display- ing symptoms ‘attributed to “crib- bing,” and only displayed these al- leged symptoms in his third race, on June 22, when he was badly beaten. This statement was drawn from Dr. Harry C. Crawford, veterinarian, No, 189 Shelton Avenue, Jamaica, to- day in Brooklyn Supreme Court, where Harry I. Sinclair’s action to ‘over $100,000 paid to James F. Johnson for Playfellow is on trial. Dr. Crawford, a witness for Mr. Sin- Henry . Cochrane, attoreney Johnson, a Brooklyn turfman. After the race, June 22, Dr. Craw- ford examined the horse at Aqueduct, “ft saw he was suffering great dis- for tress," Dr. Crawford said. “He had difficulty in breathing, | and his stomach was distended far beyond normal." “Did you recognize this horse as on0 you had seen run jefore?” asked M Cochrane €3,” “You observed this horse after the two races of June 4 and June 18 at Belmont Park. Did you examine him after these races” “Y did." o “Did you observ. tions that you sa © of June 2: said the witness slowly. any of the condi- noticed after us The Crescent A. C. of Brooklyn heads the list of games to-night when that team meets the fast quintet of St. Joseph's College of Philadelphia at the New Mooners' court, ‘The home aggregation will line up with Butler, Kinny, Stannard, Parmelo, Simms, Nicklas, Griffin and Barker, ‘The Silent Separates of this city travel to Bridgeport to-night to play the Bridgeport Y. M. H. A. The Sep- arates, who rank as one of the fore- most combinations in this vicinity, are expected to score a victory over thelr Connecticut opponents. The Jersey City Police Quintet added two more victories to their long by defeating the Capitol Five of ‘Trenton to the tune of 37 to 20, and by subduing the Yonkers Big Five by a soore of 30 to 19. Manager Butter- field is well satistied with the work that his men are doing. The Englewood Club was compelled to accept defeat for the first time this season at the hands of the Rockaway Whirlwinds by a score of 30 to 29, in | game which was filled with thrills |from start to finish. Johnny O'Hare of the victors scored an unusually |long shot Just before the end of the | contest, OTHER RECENT RESULTS. Condor A. % 38 Kips Bay 7 ethtns, Five, 8 Soutkampton Five, 19, Unton Co Columb; te College, ‘Alumul, Hall the New York Separates conquered the Inter- city Big Five by a score of 45 to 36. Goidie, Lennon, Milligan, Crouch and Driscoll comprised the winning com- bination and Hart, Lawlor, Weymzn, Brown and Cushing played for the Intercity Five. NO OPPOSITION HERE, Ethical Culture School almost broke the record for scoring by de- feating the Clark School, 162 to 6, Capt. Seid and Bonneau, centre, scored over 100 points between them. Avila of the Clark quintet made the five points which his team was for- tunate enough to procure. The re- markuble part of it was that the time lyes was only fifteen minutes, clair, was being cross examined by |- COLUMBIA READY FOR _ FIRST HOCKEY GAME. Pointing toward the opening game of the season with Yale in New Haven to-morrow evening, the Col- umbia hockey team has been holding intensive workouts during the past few days. In addition to the prar- tices on the ice at the 181st Street Ico Palace on Monday and Friday evenings, the squad has gone through some of their paces, almost daily, in the gymnasium on Morningside Heights. This form of practice, now to the Blue and White, has materially aided in raising the standard of hooting of the men. In the absence of a regular coach, Tom Howard, a former St. Nicholas star, has been giving the squad as- sistance in their workouts. It is ex- pected that a coach will be appointed soon, but as yet no information |s forthcoming as to who the mentor will be. Capt. Ewen Anderson has recovered from the injury to his ankle and will be in the fray to- morrow night. Kopper at goal and “Dink” Squires at coverpoint have been showing up especially well in the trial work and will form the backbone of the Lion defense, oe Bracco Gonllet Mies Good Box- ing Italian Joe Gans and Phil Bloom fought a rattling 12-round draw before one of the biggest crowds that ever turned out for a fight at the Broad- way Exhibition Association in Brooklyn last night. Brocco and Goulet, winners of the six- day bleycle race which ended Saturday night in Madison Square Garden, had to disappoint the crowd after assuring Silvey Burns that they would atten However, their names drew a resoun ing cheer when a telegram from Brocco was read from the ring, saying: ‘Too tired to attend.” —$_ Grapplers Mast Finish This ‘Time. NASHVILLE, Tenn., Dec. 13.—Stan- islaus Zbyazko, world's champion wres- tler, and Charley Hansen of Omaha, | Neb., who grappled Monday night threr {ihours without a fall, have been re- matched to wrestle to a positive fnish here on Jan. 9, it Is announced. winning combination was quite fa- tigued when the final whistle was blown. Any girls’ team in this vicinity which is looking for games to played during the Christmas holidays may arrange contests with a’ fast quintet composed of college and high school stars by communicating with! Miss C. Streck, No. 315 East Street, New York City. Telephone J: rome 0386. ‘The following teams bave oj Condor Five, 118 pounds: auer, Helfman, A. Helfma: Schwartz, Marcus.” Fi Sam Heifman, York City. Riverdale anxious to dates: fine up with Krach- J. Fennon, 253d Street York. Mert, | Dates Joe Grobel, City, Paulist Brothers Annunctations, len, Comn= muntcate with J. J, Sweeney, No, 67 Nutgers Aye: Bue, dersey City Collegiate | Wanderers. averaging travelling. Manager, W. HH. Chrlatle, Marks Pisce, New York City. Berkeley Quintet of Union Hil!, 120 pounds. Also the junior team, the Buddies, average 110, Bounds. Manager, Joo Addo, No. 100 Palisade [Avenue, Union, N. J. nety-second “Siret Y, Mo FL A. home or Man 1. Lavy, No, 148° Bast tty, ‘ready won seven Home and home serie Poom 1700, No, tag's Tact. Juotors, "110 pounds, hom | mmf ang” home ‘perfor nay, be | Sultry Noo183 Stato street. tre travelliog. Street, Nysco Five has. sure. Moca, woods, Mishawak | Of the Lansles, No, Englewood Club. Byers, ab telephor |. Manager, J Ad “Avenue, weren Jack Fildo, beling, No, 13; 125 pounds, travelling, Bldridee Street, ae Three Jockeys Have Narrow En: cape From Serious Injury. NEW ORLBANS, La., Dec. 13.—Th jockeys narrowly escaped serious injury at Jefferson Park yesterday just at tho start of the fifth race when thelr moun! were crowded and knocked down In. t ccurse of a jam at the first turn. Two of the boys, J. Zoeller and nin, sustained no injuries at all, and C. An thony received only a cut'on his face, though he was badly shaken up and hail psult of the fast work the produce a cigar to ious taste, Ask a Cigar gives the Smoker Satisfaction from the first to the last puff —it’s good. 40 years’ experience as cigar manufac- turers, combined with skilled labor and carefully selected tobaccos, enables us to dealer today for ADMIRATION SOLD EVERYWHERE The Cioar that wins, to be carried off the tract suit the most fastid- Will_ptay | No C. O. D., Phone or Mail Orders Filled on Any of orn ENBE 9 L. A. 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