The evening world. Newspaper, May 22, 1922, Page 14

; { | { } “of the Ascension. _OF MURDER ON TRIAL CONSPIRACY TRL Witness Says Lawyr In- structed Him How to File Bids or Estimates. Wallace M. Hyman, a contracting steamfitter, was the principal wit- Mess toalay in the trial of John Hettrick, inwyer and adjuster for the Master Steamfitters’ Association; Charles G. Witherspoon of Baker, Smith & Co., and Martin McCue, John M. Imbhoft and Louis Gebhart, charged with Griminal conspiracy in restraint of competition in the trade, Special Attorney General Timothy N. Pfeiffer had Mr. Hyman give a complete explanation of the workings of Hettrick’s, ‘code of practice’ and tamed the representatives of the forty or more firms who attended meet- ings at Hettrick’s office. Mr. Hyman explained that Hettrick had given him ali instructions how to file bids or estimates at the “cod office. He said that when it was “hurry-up" job he would telephone the amount of his bid in aad he would then get a telephonic authoriztion to take the job If the bid was all right. “What was the purpose of -tele phoning the estimate to Hettrick’s of- fice?" the Deputy Attorney General asked. “To see that the bids were fair and Profitable,” the witness replied. Before Mr, Hyman took the stand, Joseph M. Owens, a stenographer, an expert in the translation of shorthand i as a witness, tran State some of the short- ters which Hettrick’s of- flee clerks had testified were in the handwriting of Hettrick. The trans- lations pertained to action on bids that had been filed. a RECORDS DISPROVE 3D DEGREE CHARGE Schwartz Never in Custody of Police—Died of Pneumonia. Police Commissioner Enright had mo comment to make to-day on the hostile questions addressed to him last night in the forum of the Church Examination of police rdvords re- garding Jacob Schwartz, a prisoner who, according to Miss Blanche Wat- m of No. 38 Gramercy Park, was “beaten in a third degree examination at Headquarters so brutally that he * brought out these fact: Schwartz, Mollie Steimer and others were arres Sergt. Henry ee Section of acting under the dire of Major Fulle® Potter, who hi office at Police Headquarters. Schwartz was committed to the Tombs by United States Judge Clay- ton, charged with violation of the Espionage Act. After two months he contracted pneumonia and was moved to Bellevue Hospital, where he died. He was at no time in custody of the police. be 5 Se TWO WIVES ACCUSED Both Charged With Shoot- ing Husbands to Death Without Warning. For the first time in the history of New York State, it is said, two women faced trial in New York County to- Gay on first degree murder charges. it was the killing of a husband in each case, Both, it will be charged, were shot to death without warning, and the death penalty will be asked. Mrs. Francesco Maeniza, twenty- eight, No. 1762 First Avenue, was calied to answer for the killing of her husband Giuseppe on March 30 last. Mrs. Maeniza shot her husband in the presence of their eight-year-old son and upon the boy the prosecution relies mostly for conviction, The case was set for Wednesday. Mrs. Gladys Reeves, twenty-four, of No. 167 West 145th Street, was placed on trial before Su- Preme Court Justice Martin, Jealousy and a quarrel led to her shooting hy husband while he was asleep, the Prosecution will attempt to prove. Seer BOLIVIA DENIED PART IN TACNA-ARICA MEET WASHINGTON, May 22 (Asso- elated Press).—The Chilian delegation to the Washington conference to-day declined to act as an intermediary for receiving on behalf of the Chilian Government the note in which Bolivia asked for a seat in the conference. It was indicated a similar reply would be made by the Peruvian delegation. As Chairman of the Chilian group, Carlos Aldunate formally notified the Bolivian Minister, Adolfo Ballivian, that he could not transmit to Santiago jan request presented Satur- a negress, ' _ SETBACK IN CONTEST OF HOTCHKISS WILL Burrogate Cobalan to-day vacated an order for the examination of Mrs. Mabel Hotchkiss Roche, of 61 West 86th Street, before the trial of the contest pf the late Supreme Court ice Henry D. Hotchkiss's will. irs, We contested their father’ Mrs. “OF HETIRICK AT SAY LABOR ROW = RREXEGUTIVES FEARS $200,000 the Building Trades Employers’ Ass0-| in the White House dinner conference Florence Strong Hotchkiss Mrs. Helen Eblerman, daughters, will, that Mrs. Roche used undue Roche has denounced THE EVENING WORLD, MONDAY, MAY 22, 1923. Clothing Worn by Men and Women Is Affected by Proposed New Tariff “FEATHERS NO ADVANCE HAT 10% ADVANCE ‘AR WOOL, ADVANCE 7OPNOY, ILK TIES NO INCREASE, BOT Duty ON HE SILK IS PROHIBITIVE. SHIRTS 1S% ADVANCE WOOL AVERAGE ADVANCE 145 % @— LACE ADVANCE 50% TF WOOL ApvANCE 70-\10% \F SILK EMBROIDERED + Sir Ernest Shackleton Appe APYANCE 50% and Sir Arthur Sees His Departed Son. SUITS ADVANCED be 50 TO 90%, 0, FORS NO Tol O., May 22.—What ADVAN CE. Arthur Conan Doyle describes as the of most day night when Doyle, his retary, Capt. W! combe, and Lee Keedick of the h Miss Ada M, Besinnet and a group of Toledo investigators, The spirit form of Katie King, spirit familiar of Sir William Croo! was ‘materialized.’ Doyle has | throwing on the COTTON years ago. .ized” for Keedick, who was his ture Manager and Keedick 4 not n Spiritualist and sitting in his first seance, He said positively recognized Shackleton, could not be mistaken, his face within two or three in sir Arthur and Lady talked"’ with ABoot JOO 7 SHors TAKEN OFF FRE LIST. MADE DYMABLE AT c PER_ PAIR PLUS Gooce | SPATS IF Woo. ADVANCED Samer. m4 Woo, CLOTH SHOES TAKEN FROM FREE LIT, 12¢ PER PAIR. PLUS S%, Doyle and their son, mother and other relatives and frie who are de: written 1 ages, they assert. to the Doyle party. around a large table room in the WON'TTIEUP ALL | MEET TO DISCUSS | GEMS LOST AT SEA Miss Besinnet had ends As soon as the lights were tur per werent out sitters. conscious. yatched from Employers Feel They Must] Hold Session With Interstate Stand by Dioguardia, as Commerce Commisssion He Kept His Contract. Lasting Two Hours. Woman Robbbd Aboard Ship Has Little Hope of Recov- ering Her Jewels. The medium Two the table a tran: voices medium was now Half a dozen different d the Victrola in vocal baritone, soprano, contr and treble voices, all clear and tinct above the tones of the inst ment. Vague semi-luminous forms seen in the centre of the table Patrick J. Crowley, President of the Building Trades Council; Christian G. Norman, Chairman of the Board of} . Mme. Bronislava Lamprect von Petschenko said to-day she regarded 200,000 worth of jewels lost from her trunk on the trip over on tho steamship Peninsular State as lost forever. She is an attractive woman of thirty-five, here to corganize a movement to aid Russian intellectu- als who have taken refuge in Ger- many from the Soviets, and is at the Waldorf. Mme. Petschenko was promenading the deck with a man ‘‘from Chicago,"' whose name she gave the police, and he volunteered to carry her keys, which were dangling from a ring m her hand. Soon afterward he ab- sented himself half an hour. Two hours later Mme. Petschenko opened her trunk and found that the silken bag in which she said she had placed the jewels was missing. “And now the police have let the man go," she said, ‘Because he did not have the jewels they said they had nothing to hold him on. It hap- pened a week ago. I am sure the man had a confederate on the boat and between them they hid my precious jewels, valuable to me be- cause of their associations. They were not insured, “I do not know what made me trust the man with my keys, They were annoying me and when he offered to carry them, I, thinking it was for just the short period of our prom- enade, was glad to let him. Then, when we sat down, I had forgotten them, and they did not recur to my mind when he excused himself to go for his pipe. He did not look like WASHINGTON, 22,—Seven ilvoud executives, the ‘coup of nineteen which participated May representing ciation, and tbe se Steet ang Saturday night, at which President head of the Independent rers’ haptary «action: b Union, which is made up of hodcar-|Harding asked voluntary ny riers and bricklayers’ helpers, agreed [the railroads in certain rate reduc- to-day in the prediction that the quar-|tions, to-day held a two-hour session rel between Dioguardia and the Build-| with members of the Interstate Com- ing Trades Council would not cause a] ing ¢ ion general strike in the building trade. |™¢rce Commission. 4 ‘The Caldwell-Wingate Construction] Although formal announeement o Company on a job at No. 381 Fourth! the conference, made by Datel, Wil- Avenue recently announced a cut in{jard, President of the Baltimore and pay of unskilled labor from $10 to $6] Onio, one of the conferees,” merely a day, The members of the Interna-| said the meeting was ‘‘for the pur- tional Hodcarriers Union generally] pose of discussing the rate situation, known as ‘the Afesandro union’'|the session generally was regarded quit work, The members of the Dio-|us the first step by the railroads to- guardia union, which has a §7 a day] ward possible compliance with the the Victrola. ized"’ that only the medium saw, to the other sitters. ed for a clearer vision, bright and sustained light and } dick ejaculated in a sfartled t “Shackleton."” ‘The sitters on ei side said the face was that of a o shaven man. There followed of boys, men and women, lecture, was definitely ognized. Sir none Arthur | ‘‘conversed’’ innet, and sald that the child pli a little hand in his. Jand, ‘talked with their son Kingsley Lady Doyle's mother, the other and his wife. at least, until I lost my jewels, After that no one talked to him. pec IDENTIFIES SHEETS IN BUCKETING TRIAL were given. and given to the recipients. 8 do more.”’ A sitter on either side a hand of the medium and in a Official of ‘American Cotton Exchange Is First Wit- ness in Case. First testimony in the prosecution of the American Cotton Exchange on a charge of maintaining a bucket- shop was given to-day before Justice Marous in the Supreme Court. Charles G. Healy, Secretary of the Clearing House of the Exchange, identified sheets on which the Ex- change reported transactions to the Clearing House. Also named im the indictment are Randolph Rose, formerly Vice Pres dent; G. W. Pratt, Secretary and ¥y Stood 7 to & for Acquittal— WHI Ask New Tria LOS ANGELES, May 22.—The Burch murder trial jury was discharged to-day without reaching a verdict. Jurors said that the final ballot w seven to five for acquittal. This division was unchanged since Saturday after the first ballot of six to six. The four women on the Jury voted for acquittal. ‘The case was placed on the calendar for next Saturday to be set for a third trial, x slightly dazed and very tired, i ———————___ LOWER OIL PRICE Cheaper. a decreased cost of gas were tesi MINERS WILL REJECT WAGE CUT WEDNESDAY Commitice Is Drafting Reply Based contract with the Building Trades] President's request and toward carry- Employers, continued at work, ing out the agreement made at the The Building Trades Council has} White House conference suspended the Independent Laborers’ line — Union, which has 15,000 members. "Ny men's wages have, not, been] 1WO BURIED UNDER cut," said Dioguardia to-day. ‘Those LIQUID CONCRETE who were getting $10 were getting more than their contract called for. I] ry 7 7 more han ther contract called for | "Three Others Escape as Dam ing to it. Construction in Jersey Mr. Norman said that the Building ~ Trades Employers felt that in any Collapses. controversy they must stand by Di Two men were buried under twelve guardia just as he had stood by his|tons of liquid concrete and three oth- Ki \ dual long |°"% Rarrowly escaped death when a Ce eens. be th] wooden form into which concrete was Anterican Federation of Labor over} being poured in the construction of the Building Trades Council's recogni-] the Wanaque, N. J., Dam collapsed tion of Dioguardia, in preference to] suddenly to-day. the international union. Samuel] The dead men were P. Durkin of Gompers told the Lockwood Commit- | Haskell, N. J., and Lawrence Biggio tee recently he thought the council] of Brooklyn, both concrete workers, ought to force the unskilled laborers} The five workers, in hip boot into the international union, were standing thigh deep in the semi- ee liquid concrete vie the big wall GR) NT collapsed, and the concrete started to SECOND DISAGREEME pour out in a six-foot stream. Two IN BURCH MURDER CASE | of them were carried over a forty-five foot drop and buried beneath twelve tons of concrete. The three others managed to scramble to safety, Bodies Are Recovered From Lake Brandegee Follow- ing Search. NEW LONDON, Conn., May 22.— The bodies of three youths were re- covered from Lake Brandegee, at Waterford, to-day after a search had been in progress since Sunday after- noon, when the boys went fishing. The hodies are those of Frank Hezanson, fore Public Service SPOOKS IN TOLEDO DO WEIRD STUNTS FOR CONAN DOYLE remarkable seances of his experience was held here Satu ir Arthur with Lady New|] * York Lecture Bureau sat in a circle screen the picture of Katie King taken by Crookes many intimate friend, ee Kings- ley, Sir Arthur's mother, Lady Doyle's i. They received personal There The sitting was at the home Miss Besinnet, in this city. were six Toledo guests, in addi The visitors were living There was no staging and no ut the phenomena developed. Lights the room and hovered tambourines harmony with the Victrola, a whistling voice accompunied, were dim form of human shape beside A face was ‘‘material- the accompanying light was visible Keedick said he saw several facey which he did not recognize and plead- There came « “materializations” most of them draped with the white material which Sir Arthur defined as ecto- plasm, and under the “arch,"' which Sir Arthur describes in his {lustr “Pansy,"’ a child control of Miss Bes- They talked of Miss Besinnet's recent visit to Eng- When Sir Arthur and Lady Doyle ters could not hear the spirit votce, but only the responses of Sir Arthur Keedick received a written message of a personal nature and a message to be conveyed by him from a ‘‘medi- cine man" to a woman whose Initials The messages were written darkness by the hand of the medium idenly the control said “I no can minutes she recovered consciousness, CUTS COST OF GAS Soft Coal Shortage Causes Shift to Coke, Which Is ‘Two elements expected to result in to by*Carleton H, Macy, President of the Queens Borough Gas and Electric Light Company, at a rate hearing be- Commissioner Semple to-day. Mr. Macy declared he High. 06% 7 1% x 1h ow 30% “0 40% 00% + 40% «105 162% 120 28% Adams Express .. Adv Rumoly pt Ajax Rub! A ars CaraFoun pt Cotton On . Drug Bynd . Hide & Leath. H&L pt Tee, Ice pf. ; Am International. Am Linseed OU. Am Linseed O11 pt Am Locomotive . Allied Chem ... Batety Ri Ship & Com. Smett @ Ref... Sir one idd- lit- the kes, yeen 141% 101% Tobacco ... Tob pt new. STOCKINGS The face of Sir Ernest Shackleton, eae ae ADYANCED Antarctic explorer, was ‘'material- ch ven 13% lec- Radiator .... was Am Zinc .. Am Zine pf. Anaconda D Asso Dry Goods.. Associated Oll Atchison Ry Atchison Ry pf... Atlan Borm & Atl ends of UOn} Atianta Fruit . Baldwin Loco, Lait & Ohio Balt & Ohio pf. Barnsdale A Barnsdale B, Beth Steel ...... Beth Steel 8 pc.. eth Steel B..... Looth Fisheries. Brooklyn R T.. Brook R T etfs... Brook Union Gas. Brown Shoe Burns Bros A.. urns Bros 5 tutte Cop & Zinc Butte & Superior, peen ned was and Calif Packing Gailt Pet ........ Calumet & Ariz. Canadian Pacific. entra Leather.. Sentral Lea pf .. ro De Paseo. tain-Teed Prod dier Motors . & Ohl .... hic & Alton Ry. Chie&Alton Ry pt CM&SPRR C M&st PF F pf Chic Rt & Pac.. © R I&p 6 po pf ae- alto dis- tru and but ee- one. ther lean Chi & Northw Ry. Guha Gorber 5... Chino Copper . cccesL. Cluett & Peabody. Coca-Cola 7. Gol Fuel & iron. Gol & Southern... Col Gas & Elec... Columbia Grapho. Comp Tab & Rec. Consol Cigar Consol Ge Consol Textile . Con Inter-Cal M. Cont Can Consol Distrib. Cosden Ol . Corn Products Corn Products pt Crucible Steel Crucible Steel pf. Cuba Cane 8u; Cuba Cane Bu Chi é EB lin. Cuban Am Sugai Davison Chem . De Beers Min. Del & Hudson DL& W Det Edison . Dome Mines . Dul S Shore & Ath Elec Stor Bat ... Kikhorn Coal . Endicott-John Be von Erie ist pf... Erie 24 pf. ted rec- with laced and sit- took few Great Nor Ore. Greene Cananea Guan Suga Guilt Staten Steel. tified Houston Ol . Hupp Motors Mitnols Cent ; 3 3 igned a contract with the| !ndishoma Ref 4% . i his brother Joseph, and of John Green, | Treasurer; Angelo F. Jennings, Mar-| had just 5! e Reply of the Wage Scale Committee} np, body of Joseph, who was only ten |!" Gouko, Edward L. Patton and| standard Oll Company of New York| inter cone coe ou of the anthracite miners to the proposi-| years old, was found fathest from |@ymond Palmer, directors. The Ex-| for 5,000,000 geilons of gas oll at five] Int Cons Cory 5 tion of the operators, it Is expected, | shore and about 26 feet from the over. {change 18 the first to be indicted] and two-fifths cents a gallon. The] Inter Agr Cory) 10% will be made Wednesday under the State law making it a] last contract price was six and one-| Inter Harvester 102% eetings of the committee and the} had attempted to swim ashore, a dis-|felony to permit the bucketing of] half cents. The reduction in less than] Mter Paper .. 51K drafting of the reply, tance of two hundred feet. orders. a year is now more than seven cents, | ner Mer Mar |. 26% The “reply, as forecasted | by iui The witness described the methods| About four gallons of gas oll are|inen nema’. dae miners, will be a flat refusal ¢ doing business on th to manufacture 1,000 cubic f vine . pchaby will Ne backed up by statistics] JAMAICA BAY WILL Bucbense and then aie the oe gas ki Intend ‘Olt s me Cabbage by une miners tie ‘ainets| GET 30-FT, CHANNEL |Clesring Hous ier cry gre teaech ahr Penge dG will set forth that no material saving Healy testified that the sheet of A, | coal strike Rae onde it virtually im-| Jewel Tea : 20% in the price of coal to the consumer . i T. Jennings & Co., for Nov, §, 1921, possible to obtain coal or to place] s°wel Tea pi would result if the terms. offe: | $447,000 Available as Soon] siowed they bought trom Ormabes| orders for coal. As a result ho hag] Jones Tee ---co0. 43% the operators were accept as Harding Signs and Landaeker thirty bales for March | been compelled to purchase coke, Coal} Kansur City So. 28% Jarbor Bill delivery at 18.22 cents. The sheet of | is priced at $11.95 a ton, coke at $9 al Keny Epringtield. 62% MAIBR NAMED AS STATE COMP. Harbor Bill. Ormsbee & Landacker showed they | tom: Some gas engineers contend that| Kernecott Copper 88% TROLL, WASHINGTON, May 22.—"An ap-|bought from Jennings & Co. a lke | the use of coke instead of coal woufid au 2 ALBANY, May 22.—William J, Mater of Seneca Falls, troller, was a) Gov. Mill number of bales, also for March de- livery, and at the identical price, In this way, it was pointed out, both brokers collected commission on two bales, the. Clearing House collected revenue on two sales, as did the Ex change, without the brokers being re- quired to put up @ penny in margin because the sales evened each other off, propriation of $447,000 is avallable First Deputy Compe] ProPration } 16 and jointed Comptroller by] **™Y engineers are ready to start work ting the late}On the thirty+tgot channel in Jamaica Bay, as soon as the Rivers and Har- bors bill is signed by the President, saicy| Representative Bond, New York, said to-da: “Dredging of the bay should be way within two months, facture gas. SRA. PLYMOUTH, well h Plymouth, Cherbourg and Ham) 6 died during the voyage of cer hemorrhage. materially reduce the cost to manu- Se PASSENGER ON CARONIA DIES QT ng., May 22.—Silas Ackerman, @ passenger on the steamer Caronia, from New York, May 14, for Lehigh Valley . Loew's, Ine Lott, Ine . Lorillard Louls & Nash . Lima Loco Manatt Su burg, ebral Last, Chee High. Low, Jaast. Ghee 00 — Kh |Man Shirt ....... 30% 80 oe Sy 4 Martin Parry .. 330 BM — 1% wa+ % 10% W% + %— % 1% 1% —1% m— ¥ 2 Kh % 30% + %| McIntyre P Mines 1% H+ % 98% + % | May Dept Stores. 118% 117% 118% + 2 “4K + h Mex Petroleiim .. 186% 1344 185 —1 “eo + 30% «30% — % 6% — % 15 wy — % 8 wear) 105 1 12% 1%+ % 162 1B 18K +14 120 — % 2% 4 SH 28% 5% OTR — 3% K+ % 3s (78 1% 0 oo — % 1% 5% 8 ‘ 40% 41% + 2% % 2% 2h + Oh % 18% 18% + % 4 6 66) — 1% 1% + % 31% = 87% % 88K IH — 1H MIN ¥ Ont & 8% oh Wh— % $ A + % +2 —% a"% + % + % 3 + 1%] Orpheum Cireult.. 20% 20% 20% — % Otis Elevator,.... 142 142 142 + OK + %]Otte Steel 0000 1 Owena Bottling . 3% 30% 3% — % + %]Postum Cereal .. 78% 17% 77% — %] Pac Develop Corp 11 10% 10% — % — | Pacitic Mail . 1 1% WH + Mh — Ww] Pacific O11 (w. 68% 6% + — 2% | Pan-Amer ret . 8% — Mh + %] Pan-Amer Pet 50% 50% — 4 Penn RR 44% tlh + + %] Peopl Wie HO + % i+ 4 33 88 + %] Phila Company a — | Philips Pet 48% 48% + — | Pierce Arrow % 10% 2%+ — \| Pierce Arrow pf. 30 89 30 — 1%] Pleree Oi . 1 #10 — % + yp Pittadurgh Coal. 52% 62 52 — % + % a _— % 20 20K + S + | Pressed Btect Car + % Pullman Company % Aleg Sugar =m ss =e + + + oe Cy ade + % i% -~% wi Hf Reading ist pf + Reading 24 pf j | Beplogie Steet —1% a | Rep iron & Steel - % 1 | Rep Iron & St! pf + 1% [Republic Motor + 3% Pitoval Dutch N ¥ - % + % = 1g + % + % ‘4 -% +% + % aay * [+++] 444141 1 FERS RE KeKKKEEK KKK KER EFS KEES a3 +++ 11 44+141 f+ +44++444+1 1 Be ee Ca = % Pterce Ol! pf... St Joneph StL & San i St L & Southwest StL & 8 W pf.. Banta Cec Sugar. Savage Arms Saxon Motors 3% Seaboard Alr Line 8 Seneca Copper .. Bhattuck Ariz. Sinclair Ol ..... Bo Porto Rico Su Southern Pac Southern Ry .... Southern Ry pf . Stan Ol of N J St Ol of NJ pt Btewart-Warner . Stromberg Studebaker . Submarine Bor Sup OM Sup Steel Texas Guit Sulph Tenn Cop & Ch’ ‘Texas Co Tex & Pac .... Tex & Pac Coal, ‘Third’ Avenue ... Tobacco Prod Transcon Oil .... Un Bag & Pape.r Unlon Ol .. Unton Pacific United Alloy . Un Cigar Store: United Drug .... Un Drug Ist pf.. United Fruit .... United Food Prod i l+4+4+1 1411 1 Un Ry Inv Co... + % + % +% — 1% -— % -1 + 4% +h -% Vanadium Steel. — Va Caro Chem —1% Va Caro Chem =$ Ya Iron C & C. east + % + 1% + tb + 2% —% o+ % W Maryland 2d pf + % West Pac Corp.. i+ -% West Pac Corp pf —- % Weatingbouse .... Ber + ol White Motor . = ag White Olt . aes Wickwire Steel Bee | ‘Willys-Overland ee Willys-Over pf. we Wilson & Co. Wisconsin Centr Woolworth ug Worth Pump 2% «52 Bk ‘Total sales, 1,668,000. —>— Wall St. Gossip Buying in stock market this morning was so heavy that transactions dur- ing the first hour totalled approxi- mately 580,000 shares. This was the largest amount of business for an hourly period for any day this year with one exception. An uncommonly large proportion of this buying was for public account, Commission houses that have ex- tensive wire systems, particularly those with Western connections, re- ported that they did the biggest business in several years. The average of prices rose to a new high mark for the year, with many of the speculative leaders showing a net gain of from two to three points. What made the forward movement particularly impressive was the strength of the low-priced rails.. ‘Wall Street had expected that the President would announce to rail- road executives at the White House dinner Saturday night a reduction in freight rates averaging 15 per cent, But the financial district was pleasantly suhprised to learn that the purpose of the dinner was, in reality, to bring about closer under- standing and co-operation between managers of the carriers and Gov- ernment departments. Appoint- ment of a committee of railroad executives, at the suggestion of the President, to confer with the Inter- state Commerce Commission re- garding a reduction in freight rates came in for considerable commenda - tion, Throughout the morning there was heavy and persistent buying of Eric issues, the two pféferred stocks ax well as the common. In the latte; issues alone approximately 50,000 shares were dealt in. It at on time showed a gain of two points. ‘There was nothing in the way of new to account for its great activity anc strength. Buying extended to lower grade rail- road bonds. A large number of is- sues were able to show. advances ranging from good sized fractions to more than a point. United States Steel sold up to a new high for the year at 1021-2. This is the highest price since 1920. Tho top figure for that year was 109. Last January steel sold at 83. Ap- preciation in the market value of the stock in the last four months has been more than $100,000,000. While the proposed merger of six of the larger independent steel compa- nies is now considered to have but a small chance of going through, stocks of companies directly con- cerned in the negotiations were un- affected marketwise. Sinclair Oi! sold above 37, a new high for the year, The rise was based in part on the announcement that the company is making active prepara- tions to develop the Teapot Dome in Wyoming There were 140, stockholders of the Pennsylvania Railroad on May 1. This is a decrease of 1,417 ¢ - hold- pared with April 1. Average ings per stockholder were 71.12 shares. The largest number of shareholders on record was 141,921 on March 1, = Further prouounced — improvement was reported in the copper metal market. Several million pounds were reported sold at 13 3-4 cent per pound, But copper shares seem ed to be temporarily overbought for they had difficulty in keeping market pace with the rest of the during the forenoon rise. AT LIBERTY BONDS 99.80 B18... First 45. Second 4s . Firat “$48. Second 4%s . Third 445... Fourth 44a. Victory 3% . Victory 44% FOREIGN EXCHANGE, Sterling, demand, 44455; cables, 4.45, unchanged. Irench frances, 9.04 119.00 100.02 demand, : cables, .0902, off .9004; Live, demand, .0510; cabl 051014, off 0001%. Belgian francs, demand, 0830 cables, 0881, up .0000%. Marks, .0032, off .0001 Gr drachma, demand, Cc 0430, unchanged, Swiss francs, mand, .1906; cables, .1908, off .000! Guilers, demand, .3878; cables, . off .0001. Pesetas, demand, cables, .1597, up .005. demand, .2595; cables, . Norway kh., demand, .1810, off .0032. Den mand, ,2180; cables, .1 BANKING AND FINANCIAL. nevevencrnuaenasnveentnTiH | Copper | stocks | Are we on eve of a | boom in copper stocks? Is the market action of this week a forerunner of a more a¢tive and rising Market for the copper stocks traded on the New York Curb Exchange ? Read the Copper page in current issue of— “Investor & Trader” copy free on request CALL—PHONE OR WRITE Jones & BAKER Members New York Curb Market Three New York Offices 805 Fifth Ave, ~ Mur. Hill7120 226 Fifth Ave. ~ Mad. Sq. 1377 50 Broad St. Broad 7150 a Annvveenemnsennnisccnetsni cents panini _—_—_—_—_—_— oO INTEREST & DiV4eND NOTICES. TEXAS GULF SULPHUR COMPANY, Dollar A quarterly distribution of One per shai of Director i at the close of busi. ockholders ‘will bo advived later as to what portion of thin distvifution ts tron, Free Surplus and what from Reaorve fo: Deplotion, “and ‘the company hax ‘bean ad ts Focors a that Portion from Re: probably not J. KNOBLOOM, ‘Treasurgr. serve for to