The evening world. Newspaper, June 29, 1922, Page 19

** ghange member breathed an audible NOT ON THE TICKER IN WALL STREET An Intimate View of Financial Men and Affairs. —_—_— Re By R. R. Batson. When the French liner France edged out her pier yesterday bound fer Durope, more than one Stock Bx- sigh of relief. The reason was that the France had as a passenger Sey- Mour L. Cromwell, President of the chang: Cromwell's administration of Stock hang, affairs js in marked con- with that of his predecessors. fe. is proving a terror to brokers ‘who, for the sake of making an extra @ollar, sometimes are inclined to de- viate from a policy of honesty and ®@quare dealing. ‘When Cromwell was first elected President of the Exchange he had very fixed and definite ideas as to how the organisation should be run. These ideas were advanced in com- mittee meetings and were discussed and con with that awesome wolemnity peculiar to Stock Exchange committees. The trouble was that in committee they never seemed to get beyond the discussion stage. As one ®overnor puts it: “Cromwell always e into meetings with an elephant f@nd went out with a mouse. Cromwell then changed his tactics ‘and precedents were broken by the wholesale. Mutilated red tape was figuratively scattered all over the executive offices. It became the policy of the president to first carry out. iis decisions and inform committees afterwards. ‘There was for a time much grum- Ditng and discontent. The idea of not conferring with committees on mat- ters of policy was too revolutionary. But such insurgency as existed has been effectively quelled, Cromwell is now looked up to as one of the fablest, if not the ablest, chief execu- five the Stock Exchange has ever had. It is everywhere appreciated tthat he is the one man to save the Stock Exchange from incorporation, if it Is to be saved, But at any rate the partners of houses whose capital accounts are fn an anaemic condition, and who, therefore, faced the possibility of be- ing forced to sell their memberships or merge with other houses, will have gix weeks of comparative content- ment, for Cromwell will not return nti! August. Incidentally, Strong, Sturgis & Co., of which Cromwell is a member, en- Joys the di-tinction of being the only firm that ever has had two partners act aw Stock Exchange President. fving costs continue to tumble, The Wnited States Radium Corporation @nnounces that you may now buy a milligram of radium for $100 instead of $120, the former price. In other words, you may carry as much as a _ Brain home for $6,500, whereas if you purehased it last week it would have cost $7,800. Failure of the Panhandle Railroa4, fll of whose stock 1s owned by the Pennsylyania Railroad, to declare a @ividend at yesterday's meeting of directors, has given rise to the im- pression in many quarters that the Parent company will not increase its Fate from 4 to 6 per cent. this year The most that Samuel Rea, @ent of Pennsylvania, will say re- garding dividend prospects Is that the company will restore the 6 per cent. rate as soon as it Is able to do so. % another quarter, which can speak with practically equal authority, it ts tated, that providing the coal strike im terminated at an early date, and railroad shopmen do not strike, as . they now threaten to do, Pennsylvania will go back on a dividend basis be- fore the end of the present year. In connection with Pennsylvania, It fs currently reported In the financtal district that the company will tai over control of the Pittsburg and West Virginia and guarantee 4 per cent. on the latter’s common stock. This identical story was widely cir- ulated more than two years ago and it is officially stated that the report. has no more truth than formerly. ORDER EXPEDITES FREIGHT RATE CUT WASHINGTON, June 29.—An In- terstate Commerce Commission order to-day gave all common carriers, in- cluding electric lines and water car- rere in addition to the steam rail- roads, authority to make the 10 per cent. rate reduction in freight rates effective Saturday, without publish- ing schedules more than one day in advance. This will make it possible for a large number of carriers to get the new rates into effect on July 1, al- though it has not been possible for all of them to prepare schedules and give customary notice to shippers The order was the last of a series nding rules and _ regulations whidh might interfere with the gen- eral 10 per cent. reduction, 2 lie aes LIBERTY BONDS Liberty 31-28, opened 100.08. Firat 41-48, 100.14; off .02, Second, 100.00; off .02, Third, 100.06, Fourth, 100.20; off .04. Victory 4 8-48, 100.50. FOREIGN BPXCHANGD OPENED EASIER. Sterling, demand, 4.88%; cables, 4.89%, off %. French francs, de- mand, .0881; cables, .0881%, .0004%. Lire, demand, .0484; cables, -0464%, Off .0001%. Belgian francs, demand, .0790; oables, .0790%, off 0008. Guil demand, .3825; cables, $880, unchanged. Swiss francs, de- mand, .1898; cables, .1895, unchanged. Greek drachma, demand, .0318; cables, 320, unchanged. Pesetas. demand, .1553; cables, .1555, un- changed. Sweden kr., demand, .2560; cables, .2565, unchanged. Norway Xr., demand, .1615; cables, .1620, up 0008. Denmark kr., demand, .2133; cables, .2138, off .0005. Alaska Juneau ., & Ohio pt... Batopilas Mining Bklyn Rap Tran, 27% 26% 26% Bkiyn RT ctfs 23% 21% 23% A, 1200 128 120 Butte Cop & Zinc 6% 6% 6% Caddo Cent Oll.. Leather. Cert-Tweed Prod thandler Motors . 68% A it Ry pt. cM@& PRR pt 41% Chie RI @ P... CRI&P 6 pe pt at West Ch Great West pf 145 rthw Ry. Cl Cin Chica StL 74 Maxwell Motor A Cluett & Peabody. Maxwell Motor B \ Con Int-Gal Min Cont Can *Cont Insurance Gorden Ol .. Corn Prodw Crucible Ste ‘ Crucible Stee! pt Cuba Cane Sugar Cuba Cane Bug pt Chie @ B itt n,. Chic @ HIM pt n Cuban Amer Sug Cuban Am Sug pf Davison Chem De Beers Min .. DLaw. Dome Miner lee Ator Bat Elkhorn Coal . Hndicot-Jonn Erie 5 Erle Ist pf. Erle 2d pt . Fairbanks Famous Players . Vink Rubber Freeport Texas .. General Asphalt Gen Asphait pf General Cigar General Electric. General Motor F = 1 = 2 = = = sere see © ee ef FE OF i ee et Bf Gen Motor Bess 20% 26 «9 — 1%] Gen Motor deb 88% 8TH 87% — %] Wen Motor @ po. 50% 0% Oy — | Lioodrich 1% 1M 1M — 2p Ciranby Min 1d 112, 119) = 8%] Ort North pt .. 90% 08% 09% + BI Green Can Guan Bugat .... Guif States Steel Hydraulle Bteel Houston O11 Hupp Motors 2 i = Indiahoma Refin . Inspira Copper «. Int Cona Corp ... Int Cona Corp pt . Int Agr Corp pf « Int Harv Inter Papp Int Mer Mar Int Mer Mar pf. Int Nickel . Invine Ol Island Ot . Iron Prod Jewel Tea . Jones Tea . Int Comb Bng. Kan City 80 Kan City Bo pf Kelly Springfield. . Kelsey Wheel Kennecott Copper. Keyatone Tire Krenge .. Laclede ‘ Lackawanna Steel eeeise cee FRESE DUE th Fee 41% ATH 47% [= 43 42% t+ eeeerE ere & (bette 6% aK — 1% 0% 0% — YW] Lee Rub & Tire 1% Lehigh Valley RR 2% Loew's, Inc Louls & Nashville 42% 78% 8% 4% 20% 28% /Marlin-Rockwell Math Alk Works McIntyre P Mines Miam! Copper ... Midvale Steel 14 \ | Minn & St, Lo 11% 44 Mo Pacific The hungry half hour before bed-time HERE comes a time— when you have been working late or playing hard —in the late evening, when ou begin to have a faint and Lane feeling that must be satisfied! But you know from experience that rich .food eaten late at night is not good for your digestion or your health. : Malted milk is an ideal food to take at such a time be- cause it is so nourishing and so quickly and easily digested. But get the new kind —Borden's Chocolate flavor Malted Milk. The chocolate flavor is already in it and adds much to its palatability. It has all the food value and nourish- ment of malted milk and the chocolate flavor besides. Take it hot every night For sound sleep and complete relaxation take hot Chocolate Malted Milk before retiring. Make it your habit to take it every You'll find yourself feelin and fit the next day. nerves and overtaxed strength. And it satisfies that hungry feeling. You can get Borden's Chocolate Malted Milk at your own grocer’s or druggist’s. Get a package and begin using it tonight. You'll do the same tomorrow night, and the night after that too. THE BORDEN COMPANY Borden Building Minis is the tenth year that i've been Insured mpany and nothing hae hap- T've made up my mind to try another company ROCKEFELLER WILL LEAVES HIS ENTIRE ESTATE TO FAMILY "BANKING AND FINANCIAL Fourth edition of the only complete book on trading pro- cedure in New York Curb stocks. Other featuresfcovered: —comparison of prin- cipal stock markets —Dividend records, Earnings, Assete— tabulated—of issues traded on New York High The will of the late William Rocke- feller was filed for probate this after- a MBP&SSM.. Nat R R Mex 24. t Enam & Btp 60% accompanying will gives the vaine of the estate as in real and per- sonal property In this State, There are no charitable bequests and the entire estate passes to the York Central 95% ee goss sere22 Oklahoma P & Owens Bottling bet i+t Pac Develop Cor Se se 4 % % Pai wi? ira % % “ % “ % % n * % ” M “ ++t1 = * Pierce Arrow pf. s eee 25 Ferre 4 4 % % * % “ Beree BF FS EF SERRESS SESE —trading terms defined Weat Maryland “Investors & Traders Guide” Prod & Refiners l+++411 Willya-Overtand. lee ee 1 -% + % ~ % — % — 3% + % -—% -% & BAKER New Yerk Curb Exchange Willys-Overiand pt IN Central ...... 108% . Total sales, 784,100, Piawvergh Seer tenarere hereon Three New York Offices Broad 7150 Mar, Hill 7120 Mad. 8q. 1377 i Rep Iron & Steel Rep Iron & Stl pf 92% Republic Motor Royal Dutch NY f 1 WASTED MONEY. (From the Minneapolis Tribune.) Insurance Agent—I dropped in to mind you that your policy expires morrow and to ask you to renew It. Economist—Very sort; St L & San Fran ’ | New York Savines BANK N. W. Cor. 14th St. and Eighth Ave, QUARTERLY DIVIDEND Credited July 1, 1922, at the rate of 4% _SAVINGS BAN Interest Credited Quarterly nte ua BANKING BY MAIL reer love Mecretary. LAKELOOK, Treasurer. n Mondays from 10 A. M. to 7 P. ta From 10 A Me told Maes thot from 10 M. to 8 P. Lian Pe pl loney to on and Mortgage The Franklin Savings Bank EPOSITS OVER IN THE CITT OF NEW TORK PAR VALUE 1089 193d consecutive semiannual dividend hag been declared at the rate of FOUR PER CENT per annum on all deposits entitled payable on and after July 17, 1923. Dividends on a after July 1, 1933. service! Convenient hours! Deposits on of July 13, ifleft until October 19, will draw interest for the full quarter. Open Mondays 10 A.M. to 3 a4. Saturdays from 10.4.1. to 13 ot. Holidays excepted. Money to Loan on Bond and Mortgage Put Your Savings in a Savings Bank! Sixth Avenue and Ninth Street, N. Y. St L & Southw pf 44% Bahta Cec Sugar. . % “” % % % % % % % % * % % Southern Ry pf Stand OM of N J 121% Bt Ol of N J pf 116% Stewart-Warner Submarine Boat . Tex Gif & Sulph bh RE PEE ‘Tex & Pac Coal Mex Petroleum .. 186 Bat Middle States Ol 13% 2% N. B. C. Lemon Harlequins, pkg. Sunshine Philo- night. It’s good for tired Real Canaias t Shee 122 Geert Otives, _17c¢ we, 28c Bon Bon Cake, 14 Ib. pkg... Roast er Corned: ish, ver” 20 Marshait’s Kip- 15, va pored Herring), “°° - 12c 10c Potted Moat; small, 6c; large Little Sun-M. CHOCOLATE Domestic Sardi; mon, 4 can... Green and Geld Ginger Atpecss Ruppert's - erbocker, 4 for 25c (Ze deposit on bottles) Stop in any Butler store and get your free copy of our “Home News" ches, No. 1, Cae aciene 9 Sir’ stomey-buy Onte % nveniendly Ja A semi-annual dividend at the rate of 4 per annum has beer declared and will be credited on all accounts entitled thereto on June 30th, 1922 — AFTER JULY 1, 1922, INTEREST WILL BE CREDITED QUARTERLY, OCT. 1, JAN. 1, APRIL 1, JULY 1 OPEN MONDAYS, 9 A. M. TO 9 P. M. CLARENCE 0, BIGBLOW, Pre Accounts of Societies Accepted per annum on sums from $8 Fd $5,000 entitled thereto under the DEPOSITS MADE ON OR BEFORE J ULY ioth WILL DRAW INTEREST FROM 104.4 to 8p. uu. Other days from WEST SIDE SAVINGS BANK ——<— Deposits made on or before July 13 will draw interest from July 1, 1922 nt, WILLIAM V. HUDSON, Becy. & Treas. GREENWICH SAVINGS BANK Sixth Avenue and Sixteenth Street, New York Depits mate oo FOur Per Cemt tereneravisonse entitled to interest Per enum, 4 ead after ‘quarterty. from July 1, 1922. a Lae ie 17, L. DeG. QUACKENBUSH, Treasurer SAVINGS & LOAN ASSOCIATIONS. SAVINGS @ LOAN ASSOCIATIONS. eee eee eee Vi“ me -Build d FIFTEEN PARK ROW (Ground rLoor), NEW YORK announces its 67th cash dividend at its usual a - nual rate of 444% on Saving Share accounts to $5000, and 5% with an extra dividend of ! of 1% on instalment and income share accounts This Society, founded 1888, state supervised, prudently managed, is helping thousands { independence and to homes. Savings by m: Monoy earns from July 1, if saved on or before July 13. 4.1% AND Oven Eves, (except Sat.) to 7 till July +9 S%ONn SAVI NG “Times MORE DIVIDEND TO DSPOSITORS, JULY 1, 1922 AT THE RATE OF oF before July 10 are ‘will be credited and posits eeconted CHARLES M. DUTCHER, President %™ §! opwards. PRANCIS M. BACON a Secretaries 4 B. OGDEN CHISOLM INSTITUTION 341 and 343 Bowery PR Bestia savas onc PHAL AN UN'TRIGoS D1 V LUN) 2¢ pald to depopitors entitied the for the siz mouths ending June au, accounts not exceeding fire jollare at the rate of CENT. per annum, Payable on and efter Monday, July 17, 12a. GBUKGL dt. HALEY, President, WILLIBTON He BENEDICT, New York, June #, 10%, anda eae annum, payable on and July 17, 1922. interest from July 1, 1922. if Wi Prag aaa “July ate Interest / IN Beier unt "taat ay tthe brerous Credited and Paid f uarterly YN 76 Wall St. Jan’y, April, July, Oct. SAMUEL WEBSTER, Secretary. SAVINGS BANK 125TH ST. AND LEXINGTON AVE. The trustess have declared a seimt- iN Ly A DIVIDEND has been dec ARE 4% fg thomenian dg. zane aa oat “oy ‘a o FOUR PER CENT. Money deposited on or before July 10 wilt draw interest from July 1 Dot eneue on same trom, r on oF before July from July 4 Reginali will be unually as hereto ILLB, President R. BRINCKERHOFF, Secret = uarterl TROTTER, quarter ERE, & Scent Asa't. Se DRY DOCK SAVINGS Corner 3rd Street, New Yori IE Trustees have declared a dividend for the three months ending June 30, 1922, on all deposits entitled there- to under the By-Laws, at the rate of FOUR per anh pee Deposit. made on or before July 10 will be entitled to ANDREW MILLS, President. ANDREW MILLS, JE, Let Vico Pres. FREDERICK SHERWOOD, Treas. 8TH SEMI-ANNUAL DIVIDEND Union Square Savings Bank to $5,000, a able on and a July 17th, Deposits’ made 10th will draw tntorest ie not withdrawn rest Of Ast. nds will be paid ary. 4 pen 10 to 3. Mon. 10 to 7 Bat. 16 to 93. ‘ be f omens ACCOUNTS OF SOCIETIES ACCEPTED. drink to fill wp your inneh basket, : REAL ESTATE ADS. FOR MUST BE IN THE WORLD OFFICE BEFORE FRIDAY. Circulation Over 600,000 The Sunday World Real Estate Section