The evening world. Newspaper, March 1, 1922, Page 24

THE STOCK then outstonding financial develo- ) ment to-cuy was not found in the {)) movements of stock prices but fi the continued strength of foreizn szchange “wes. Demand steriin, is performance in peee a ron climbing to $4.41 At this figure it shows an advance of no less that “25 per cent. over its low polr pe touched jess than two years ase Epramely $3.19, and at its curren ‘quotation the deprecia n from hormal value is only 8.6 per cen But this rise in demand sterling new high failed to have a stimu Jating effect on the stock market Prices in early trading were gener ally higher and it appeared for « time that the upward —movems would be resumed in vigorous fash fon. Shortly after the turn of th noon hour, however, the market on Monday gave indications that (1 recent rise has been a little foo rapid; that the technical position has become impaired, that the mar ket has become more susceptible to profit taking sales and that besore prices can be established at a pes manently higher level the technreat position must be improved or there must be unusually important ind favorable developments in the bust ness situation which cannot be fore seen at this time Undoubtediy the unsettlement of stock prices in late dealings was a partial | reflection of the weakness which cropped out in the grain markets In wheat liquidation developed in) such volume t both the May and July options declined 4 cents 1) bushel and at thelr low pointy | Bhowed a reaction of nearly 7 cents A bushel compared wiki the recent highs. Cotton also turned heavy Buch business news os was brought to bear on the stock market, ‘sid from the strength of foreign ex- change nd the weakness of most ns, was favorabl wats @ large budget of railroad operating | returns for Janua In every im: | portant tistance it was shown that the carriers have obtained such good grip on expenses that losses in gross rnings were converted into substantial increases in net earnings To ake the case of the Pennsylvania Railroad, it was shown that, al- though gross earnings decreased § $7,395,619, the company was able t report net operating income of $1, 966,000, compared with only $37,800 in January of last year Im case it might be judged that his) saving was at the expense of th property—-that is in expenditure for | maintenance and upkeep, it should be pointed gut that the actual or di- rect cost of moving « dollar of busi- ness in Januay was only 40.8 cents, compared with more than 49 cents in January, 1921. Returns of other important carricrs, “when analyzed, show much the same situation, And if, as now seems ultogether likely, the move- ment of traffic gradually expands from this time on most of the larger systems will be able to build up their earnings for dividends in a manner that will remove all doubt regarding the permanence of cu rent raeas of disbursements to shareholder’ Reports from steel (rade centres were not less fava@@ble chan raitroad net operating returns. Trade journals toa gr yer MARKET Equipments and oils were about the | firmest groups. waa a disposition to cre late set back it the | Adame Bapre me wort | Ajax Rubber of a bonus entur dav —, & “ey ASE eT wae e Be 55m TERHUNE G copy Rionr 1922 OY AP Lene Allin Chalmers Alls Chalmers! Enam & Sty than that bonus bill prospects was | Am the cause of market exception of a few Then, halting, he spoke with the deferential air of a well-trained servant. “Excuse me, sir," § Dayne’s compliments, served. Also, your wet clothes to the HAS HAPPENED. ROY BRENNER and his collie, Scott, thrown from a Fort Lee Some of the contents he re-| ferry boat, have been rescued from an ice floe in the North River by who sees the m from a motor boat, with a power- ht glass, and takes them to Red Ruin, an odd-looking place on isades, which is the girl's home. Hilda introduces Brenner to her who invites the stranger to stay and offers him thing, but when he thinks himself out of hea or bringing a stranger to the place. Brenner declines to let Dayne speculative US trained fingers ran hurriedly through his pockets. to more than two points. and dinner ts me to carry kitchen to be averaging about stored to their places. HILDA DAYNE. which renewed ut was marked up to in the last hour yawning and articles from Glancing about him, looped old-fashioned cur- “Very good!’ toward the door. Mr. Dayne and aici UNCLE MAX, “By the way, are Miss Dayne dining a bugey fold of three he depouited the hundful of things he had picked up | girl f he smoothed | *)and re cajistea the fold and went back | Wo | Ain Smelt because these clothes would look rather queer for strangers | take his wet clothing “There is no one else dining with answered the have stared at it silken | tense interest. with more in- Scott had waked from his comforta- ble doze by the fire and was watching U. S. Girl Wins ‘Prize on How to \,|Brighten London « Indiana Young Woman Merely | t doubt i¢ they think of that curtain. | | Lists Best Features of Amer- ican Citie: Dayne said something about aul's clothes’ Is Paul his sual observer the bit of paper did not possess any features jof startling |haps, two inches long and an | wide, cut cleanly at the edges. | FOREIGN ‘rummaging through for something to fit me, ricks in all trades “And the odd francs demand, Ain La France friend of the r entleman who visits here, sometimes, and who left some of his , for it was dirty and smudged | from long lying in the pocket. Its soiled surface was blank. Brenner peered at it as keenly as if lit had been covered with the wisdom | Then he held it up to scrutinized | Atter which he tiptoed to the window curtainfold, with the selected contents of his own py're due to search my clothes and Swiss franes demand, {AU Birm & Atl puch cushions and all that. > of his suits Atl Guit & W wearing, sir. The way I've Pesetas demand, Sweden krone f there was purs and that you migi Your shoulders are al- r saw as wide | room for anything behind it.” ably be Paul most the only palr I eve And this suit fits perfectly across the shoulder ‘Thank you “But, begging pardon, Mr Dayne would y wear a butler's clothes, sir. (0 you're one of the two servants sked Brenner Jone except he turned back into the room he th Steel & pe his plumed SOUT LANCE SS has been awarded the ten guinea prize Mall Gazette for the best suggestions on how to make | of the world Miss Alice Young of Mishawaka, Ind., based her sugges- tions on what is done in America to towns attractive. ed by the Pall CURB MARKET \ loonapansiiadiniaalcnisiasesseinnasiihenenii” | Trading on the Curb Market to- limited to a small number issues, principally in the oils. ening was firm and na number of shares Butterick, Co here, are you?" Dayne told me he | for two old servan other is the e uf and dumb. She advo- Sloss-Sheff Stee! warm waiting rooms and good | irst impressions count. | “Electrify all railways within twen- | ty miles of London, eliminating the | high grouhd. Profit taking set up Brenner's } { whistled Scott to follow, downstairs. dered amusedly “So Paul denies emphatically that To be able stations to be kept clean. “Central heating on American prin- ciple, or gas fires, smokeless fuel or Cut out unsightly chimneys and present smoke. “More attractive window dressing, with good lighting after closing hours. Introduce district competition by offer- ing prize for smartest business section. “Hotels allowed popular entertain- ein: and dancing at meals at a pop- Light wines to be sold at after which #8 PRR pl the market firmed up again and was in most instances steady. Standard Oil of Indiana was again the leader of the Standard Oil shares, and Cities Service Common led the independent group. Cities mmon opened points were 14P 6 pc pf CRI&PT pe pf Chit Gt West... he is Paul, watch me better, I suppose; And the only other servant is a Hind That doesn't ac- ‘two old servants! Dayne said live with him here. Paul came bac gave him hell and butler for my benefit. Tex Gulf & Sulp. ‘Tenn Cop & Chem ‘Texas Company Chile Copper Chino Copper Cluett_ & Peabody Iex & Pac Coal.. Third Avenue at 193 and This advance and the fact that the rise has been sus- tained all week 1s due to the fact that oil prices in the Mid-Continent area are keeping up. of Indiana went to 88% affer which obacco Products, Transcon Ot Col Gas & Elec There ought Columbia Grapho Comp, Tab & Rec Standard Oil “Eliminate refuse on streets in all” Introduce waste bi parts of city. kets on bottom’ of lampposts. down all walls green plots, the one with the brains, to look out for jtells me you and I together in hiding gardens and plant trees in the wide streets wherever possible. “Lots of good music and entertain- | ments of all kinds. “Clean, light, modern offices on the American plan."* Pe made an early gain of 8 points over its opening price of 173. Line was selling at Petroleum was ste Consol Textile . Con Int-Cal Min. . soing to ge very pretty ady. Cont Insurance was a mixed dustrial list. Corn Products Corn Prod pt Crucible Steel eres eyes make z Phillip Morris ‘Tobacco Products Export 1S Realty & Imp of the gang made the important announcement | that the United States Steel Cor- | poration is now operating its mill at from 60 and 65 per cent. of ca- pacity; that independents are oper- ating at nearly 50 per cent. of 2 pacity and that mills of the country as a whole are operating ut a per cent rate, At one time law | year the United States Steel Co} ation was operating at less than | © per cent. and independent mili» were all but entirely closed down “But witroud stocks were unable to respond to the more favorable net oy sung results, nor were steel stocks able to respond to improved trade conditions. In early dealings United States Steel sold at 95% ing at 6 3-8 sold off to be- % DENY MOTION TO DISMISS PLAYFELLOW TRIAL | Cuba Cane Sug pf © were awaitin: Del & Hudson. . advancing from 6 1 Shipyards went to 79, la Intercontinental Rub- ber opened at 8 1-2 and in the early sold up to 8 3-4 Motors held above 2, its high being veland Auto after opening t 82 reacted 5-8 of point. Silk sold up to 28 Razor made a gain of about 3 points Utah Copper Second Day's Session Opens With Vanadium Steel ndicott-Johnson down to stroke Wabash pt A Wabash pf B. ased on the ground that Play- to make friends w Fam Players pf. Rech, port Texas. veterinarian, IN UPON BY A THUNDEROUS WILD BEAST ROAR, FOLLOWED BY A SCREAM OF MORTAL TERROR. ity of San Paulo 8 per cent HIS VEE RRON UW ARC DORES wold bonds of 1952 were admitted to the list to-day, and after opening at anced to 100 en Asphalt pf. ‘Justice Cropse: t Pac Corp pf of water gi have produced the antmal’s condition Paul was standing Westinghouse which, adding the dividend of 1% | per cent., which recently came off | the price, was a new high since addressed once more the y lazily blinking at the flames. he said, softly, yet with, — — HOTEL PAYROLL FOUND, jen Motor Deb. ——— floor, in token of his appreciation king thus in- » man had long Wheel & LE pf. . testified to, by of Roy's trouble in sr nby Mining -- Yo one Yepuld do such a thing. rded clothes and carried them t 1920. After trade journal surveys | about 2 points from its high of the terestedly to him since fallen into the habit of talking s though to a human, and it Gray & Davi aces ea Northern pf. the kitchen. t Nor Ore... 2 EMPLOYEES SEIZED Assistant Bookkeeper a “1 didn't ask you that it were done, would ‘t produce such « l asked you if were made public the stock ran off | Willys-Overland two wan eaten we're close to the end of it. day and other steel stocks turned | distinctly soft A professional raid against Pierce Ar- row which caused a 3 point reaction in that issue had an unsettling ten- baccos, chemicals and sugars were unable to withstand realizing sales. BANKING AND FINANCIAL, ,Do you know |: the methods of market trading and ~-what you should ex- pect from a broker? Traders’ Handbook answers more than 100 questions on points that will help you in your stock- market transactions. Ask for copy Also ask for latest news on stocks which interest you Dis New York Chic Pittsburgh Detroit Baitim: ‘Three New York Offices 225 Fifth Ave. Tel, Mad. 8q, 1377 50 Broad 8 . Tel. Broad 7150 505 Fifth Ave, Tel. Mur. Hill 7120 raine in Boston Arrested. ness said it would WORCESTER, ert Coulthurst, of the Hotel disappeared yesterday with the payroll dency on other motor shares. To-|of $7,448, was arrested here to-day Bay State House thirty-six, of No. 1 be the end of our = was openiy What a fool i Gulf States Steel served to lighten his loneliness own lives, along with it motion to dismiss being denied, of the conversat assitant bookkeeper ‘Touraine in Houston Ol . r this careless evidently the head of the technical side of the thing, and Paul the brains for a right man was at home, Scotty, when we got here. | It's worth the dousing in the and the pinochle game | with death by drowning. He broke off and once more let him- | into the chair, to the blaze, r, on the stand FIRST CORN IN RUSSIA FROM U. S. RELIEF FUND sed With Appre Reaches Starving. , March 1 (Assoctated Press). first of the corn purchased with American Congre of $20,000,000 starvation belt when a tr himself from a found aijencid Ulinois Central Indiahoma Refin.. Indian Refining « Inspiration Copper 88% | “I will drive you over to Fort as dinner is finished, if your The Paterson trolieys don’t run very often, later in the eve- ile Le Se CHINESE AMBASSADOR RETURNS TO LONDON Wellington Koo Sure ference Cements Friendship for ‘the brain and motive isn't home | I gather he is Also, that h That is a bit of luck for us wouldn't have been bluffed so easily about not taking my ctothe: Brenner turned to the bed and be- power here. r in the Touraine, Most of the is alleged to Trainioad, Purch which Coulthurst have taken was recovered, counting more which they found in Coulthurst’s posses- Coulthurst at first denied he had taken the money but kiter confessed, cording to the police, and he and Walker were charged with larceny, Leeann 'WIFE SHOT IN BED, HE CONTINUES ASLEEP | Husband Does ice Find Woman Dead. ANTONIO, Tex, oe Int Cons Corp pf Inter Agr Corp.. Inter Harvester. mighty reste of you to"’——— Chinese Ambassador n in Washing- Wellington Koo, to England, he let his head | droop on his chest and shut his eyes. He had caught the sound of an all but! noiseless step in the hallway outside thanks, his teeth beginning to chatte; He was shaking af Hilda jumped to Inter Paper ; who has bei Int Mer Marine... Int Mer Mar pf convulsively. y feet in alarm. with thought as he did so. from the skin out, In the mysterious Invincible Oil “you have @ chill! Administration the worse he was clad, A second hater a discreet tap sound- At the same moment for —and before Brenner could call Come | or so much as -the door opened wide. as though from a| the |for half an hour. Iron Products Koo and baby born during the Novorossysk, now moving “It's nothing 2 ton declared Brenner, lift his head from |his words coming with jazalike irre. |sponsibility from between chattering ‘ve been fighting it off I'm afraid the cold wet have stuck in. I'm feeling « He tried tor Int Comb Eng Kansas City So.. pans City So pf Kelly Sprinfieid arrived at Novorossysk and two and the unloading Odessa since The chief misfit’ was in the sleeves. Roy started up, ed on the suc enner’s own found dead sleeves of Paul's coat dangled threshold stood a man. cargo Was lightered and ta very tips of his fingers, least two inches longer gated a shot they se, then slumped Itmply"- sleeve was at as | PIRATES WHO KIDNAPPED | a WOMEN SENTENCED | :;, the visitor's was neatly and his short hair was smoothed down on each side of ‘To all appearances he was | very correct upper es and my country _— ADLER HOLDS UP MOVE TO UNSEAT CLAESSENS | Patanesris , his whole pert shivering, “If you can—can drive mo over tole) he mumbled. \/ in for some- I'll tell them, there, how good his wife when the polic rolled back Lackawanna Steel awakened by the shot, a gorilla!’ he told himself, was found in the yard eer ‘LANDIS QUITS BENCH; MACK SUCCEEDS HIM But Roy's cov upon the serv glance had fallen s large and powerful They hung at the ends of the longest pair of arms Brenner had ever ‘Two Moro pire Paterson associate call to thank you, Louls & Nashville umittee. inches longer than the imprisonment Manal Sugar claimed Hild: out a night like this stage, the tailors tell me not fit to go It would be the You must go to bed. Martin Parry Math’on Ali Maxwell Mot y by their shapelines: strength and were carried Was tempor- Majority | ago near the « piracy committed nearly two years Dutch East ran his fingers pockets of the esident Harding Acts. which he had And one of them was a than the other, twenty-four full two inches longer New York, was to-| Muay Dept Stores, “You must st , st stay Let us help yor fob-pocket of the t bottom of this his touched a wadded To Roy's expert feel of a crump! Jed tt forth men were beaten Northern District, ted States Court, 1 cated upon | F perfunctory broken In upon by @ thunderous tollowed by @ scream costume Shows quieter taste Kenesaw M became effective and held captives ‘ao returned to their homes Island of Sulu, where they were arrested. and spread it open on If it had been the original mythical million-dollar bill Roy, could What's the until Presiddnt Harding appoints @ successor to Landis, of mortal te (To Be Continued fo-Morrow) ; ligible because he Was unseated twice The man took an apologetic step