The evening world. Newspaper, September 22, 1922, Page 26

—_—— ‘After Day of See-Saw Trad- ing Closing Hour Brings Brisk Upward Movement. ‘with a decidedly heavy undertone throughout most of the session, the stock market in final trading to-day rallied briskly urider the leadership of standard shares, particularly Tails, and closed with a firm tone. It was a day in which the nerves of most stock speculators were kept continualy on edge. Unfavorable ‘War reports were succeeded by re- ports of an optimistic nature only to be later succeeded by pessimistic reports, and the market fluctuated fm accordance with the tenor of all. Not only was early pessimism created by the character of Buro- pean despatches, but the foreign Beavy tone although the volume of Dusiness was lig! brokers preferring to’ ther developments before commit- ting themselves to a large extent. The wheat quickly responsive to war scares, was decidedly strong, advancing two cents a bushel, with buying in the Chicago and Winnipeg markets at- tributed mostly to Huropean inter- What further added to speculative i te z i 33 r FH 5 A 2: Ag 3 3 i Fa 3 i i : i Am Am Am Int Corps... 38 Am La France .. 18 Am Am Am % Radiator ... 124 Am Safety Razor 7% Am Ship & Com 21% Am Smelt & Ret. 63 Am Smi't @ R pf 103% Am Steel Foundry 44 Am Am Am Am am Am Am am AWW&B. AWW & Epfépept 48 AWW &@ Lpfipept: os Am W: Am Zine . Atl Pruitt .. “ Atl Guit & WT. 20% Ating Ating Tack Austin Nichol Bayuk Bros Bald Loco . Balt & Ohio .,., eagoossss3e9o Feant2,eeeeeere}2 Bartey= ? J He # ff se sR83 TETl+t+ey 4t+ #11141 HFT Ti ieteeient = 1itte)tl we ee veer eeeee se +++! l+i4++til J Kayser N Kanaan City 80., Kan City 80 pf.. Kanaas & Guit., Kelly-Spring . Kenneoott Keystone Tire Liggett & Myers, . Lig & Myers pf. Mother Rode 11 MeIntyre P Mines Mackay Co ...... Mack Truck Ine. YIM tno 94 pt. F #eFeeS £. Sekesesd eer FFF 4 eeterre eax" seer ” weeeere eegeedseecs Free Fee e Mallinvon & Co .. Manat! Sugar ... Magma Copper .. Man Elevated .., Man Bhirt ....... Mar 8 R prior pf Mar 8 R 24 p Marland O11 . Marlin Rockwe! Martin Parry . Mathieson Al . Mex Seaboard Mex Seaboard ct. Moon Motors Maxwell Motors A Maxwell Motors B May Dept Stores. Mexican Pot .. Mialm Copper ... Middle States O1l. Midvale Bteel .... Mo Kan @ Twit MK &Tptwi Mo Pacific ...... + 104% 14% 10% Nunnally Co . Oklahoma Refin.. Ontario Bilver .. Orpheum Cirouit. Otis Elevator Pe) rquette Philadelphia Co Phillips Jones ... Pressed Steol Car Prod & Ref .... Pub Ser of N J.. Pullman Co .. Punta Aleg Sugar Bteel pt Southern Pacific. Southern Ratlway Southern Ry pf.. Stand O11 of Cal, Btand Oli of N J. Stand Ol N J pt Stewart-Warner . Stromberg Car .. Studebaker Submarine Boat Sweets of Amer ‘Texas Coal @ Oil. ‘Third Ave . Tidewater Ot . Tobacco Prod ... Union Pacitig Union Pac pf.... : 98% 36 218% 218% 16% 110% 21% 21% 884 58% 2 2 158158 ~ 60% 60 81% 50% 108% 114% 16% 78% 38% 91% 36 30% 17% 118% BH 09 40% 46% 96% 8B. 80% 80% 1% 11 2% 2% mh 1% 24% 23% MT 147% 10% 10% 40% 38% 4% 4% 86% 8 ST 65% 1% 71% muh 8 0% 48 16% 80% 30 31 11% 0% 6% 95% + 182% a a2 a1 oT eERseSELeS fF = ;|and labor are rising. 93% 88% + 1K 25m ay 110 196 nm™% 50K 51% 25% 25% 62 62% 14 191 Sim BLM o% 2% 115% + 1% 105% + 34 116% 116% — % 40% 50% — 1% % 1Mh 26h + H 0% % 2% + % 10% + % 0% + % 4™% 29 4% «2% 2 8 + 4% + Ma B+ * * 144% 144% — 1% United Alloy Bteol 38% ef seres “2 8 # | oand THE MARKET'S DECLINE. It did not appear at any time to-day that the decline in the market was due in major part to b¥arish professional attacks. Last night brokerage houses sent out calls for additional margins from many speculators scattered throughout the country whose equi- ties In thelr aecounts had become anemic after the decline of. Monday and yesterday These calls were met only in part and at the opening there was considerable selling out of ac- counts, After this first wave of sell- ing the market rallied slightly, but around noon, when European news became more disturbing, there was what appeared to be real liquidation. As prices declined there was little scale buying, and it appeared that the best support the market fad came from shorts, who sold at higher prices and who evidently deemed it a pro- pitious opportunity to convert a part of thelr paper profits into cash. THE MONEY malucer. The advance in the renewal rate for call funds, with Which speculative operators on the Stock Exchange are principally financed was not wholly expected, but !t was regarded as ex- tremely doubttul whether the highor rate Was responsible in a measureable degree for the market's unsettled tone. The 5 per cent. rate named to- day was the highest since the latter part of last June. Present scarcity of funds is well understood to be due to withdrawals fro mthis centre by interior tnstitutions who can employ their funds more profitably’at home now that the movement of crops is getting under full headway. No serl- ous flurry in this market is antici- yated. MOTOR PRICE REDUCTIONS. It was evident that the announce. ‘ment of price reductions by the Hud- son and Essex motor companies per- turbed holders of motor shares gener- ally, and what added to their. pertur- bation was that reports were in wide circulation that the Studebaker Com- ‘pany and the General Motors Com- pany would also soon announce price reductions. Reports from automobile centrés recently have been so opti- mistic and have been so insistent that demand for pleasure vehicles was holding up in such a remarkable manner the impression became fixed that present price schedules would not be changed for the balance of the year. What lent strength to this view was that the cost of raw materials It should be ‘borne in mind that most of the more’ important manufacturers, particularly those companies whose shares are listed on the Stock Exchange, will have a sizable margin of profit at re- duced prices. STANDARD OLL RECAPITALIZA- TION DENTED It has been persistently reported that the Standard Oil Company plans 4 readjustment of its capital structure, and that the stock would probably be split up on the basis of four or five shares for one. This report was denied today in official quarters. THAT CRUDE OIL REDUCTION. Pittsburgh despatches telling of a reduction of twenty-five cents a bar- rel in the price of Wooster crude oil came as something of a shock to the many prophets who have been pre- dicting an advance in the price of crude because of decreased produc— tion, increased demand and dwind- ling stocks held in storage. But oil ‘<perts emphatically stated to-day that the cut announced by the Ohio Company must not be-accepted as a true gague of teh general oil situa- tion, and that the next important change In prices in the Mid Continent, Wyoming and Texas fields probably will be upward. It was pointed out that a premium of twenty-five cents a barrel is now being paid over open market quotations in the Mid Conti- nent fleld for crude of a higher grade. High. Vivaldou Inc .., 13% Wabash RR 12% Wabash RR pt A 82% Weber & Heil .... Westinghouse Ele 68% Wheeling ALE. 124% White Motors 50 White OU ....... 8 Wickwire Steel 13% ‘Wilson Co oe AT Overland Corp... 7 Overland Corp pf 43% Wisconsin Cent... 31 Woolworth Co. 14 Woolworth Co pf. 124 Worth Pump .... 42% Worth Pump pl A 72% 2% tY% Wright Aero .... 0% 10% 10% 7 % *Ex dividend, Total sales, 1,140,200. eases Cue hl WIFE AWARDED $42,500. FROM HIGH SCHOOL GIRL =" Woman Said to Have Alie~ nated Husband's Affections, WARSAW, N. Y., Sept. 22—Mrs. Marion Howard, mother of three chil- dren, was awarded $42,500 damages by & Wyoming County Jury last night against Margaret EB. Price, twenty- year-old ‘high school girl and heiress of Castile, for the alienation of her hua- affection: Motion for « Oct, 2. Fe ESSE KEE FER F 1st 14124 41% 41% —1 w trial is to be argued UES a ACTRESS TAKEN TO BELLAVUR. Mary Fennett!, a young woman who registered at the Hotel McAlpin three or four weeks ago, saying she had appeared on the stage and in the movies, was to- day t#ken to Bellevue Hospital by Dr. Foley for observation. The young woman had been acting queerly and to-day in reply to questions of House Detective Dennison stated she had taken veronal. She spoke incoherently, Miss Feni said she was twenty-three Po was (renty-three wears old and 7 As has been ty case in most ses- sions recently Standard Oty shares}, furnished most of the excitement on] a! the Curb Market to-day Recent persistent buying of/ these shares was supposed to be attributed in large part to plans of the manage- ment of the various companies to ask shareholders to approye a recasting o: capllal struetiires which would in- volve a ‘valuable ‘melon’ cutting. But the head of the Standard Oil Company of-New Jersey stated to-day that his company did not plan a capi- tal readjustment at this time, and it was supposed that current reports would be found to be equally untrue insofar as the other Standard Oj) units are concerned, * Despite this new impression Stand- ard Oil of New York advanced 8 points above the low of yesterday, Vaccum Ol! rose 5 points to 605, Standard Ol! of Ohio rose to 490, while Prairie Oll jumped 85 points to 640, What added impressiveness to the strength of these isseus is that they in most cases reached their high points, while the general list, includ- ing shares on the New York Stock Exchange, was decidedly héavy, Practically the only other impor- tant feature of interest was Schulte which continued Anaconda Cop *Acme Coal Aluminum : Am Writ Paper Bethlehem Btee! Borden's © Milk Bangor Aroostook ., Buddy Bud Car Light Car Light pfd Celluloid pfa Chi Nipple . Chi Nipple B . Cleveland Auto *Columbia Emerald Com Solvents "A" Com Bolvents “B' Cont Motors Cuban Dom & Durant M of Fed Tel @ Tel . Gimbel Bros pt Gillette 8 R Goodyear Tire Goodyear pt Hayes Wheel Heyden Chem Hudson Man . Kuppenheimer Lehigh Power Macy & Co Macy & Co pf... Mercer Motors . Mercer Motors V T C.. New Jersey Zinc. NY Tel pf.. Packard Motor ... Packard Motor pf. Philipstown . Philipstown p! Philip Morris Prima Radio . Radio com ..... South Coal & Iron 44 Stand Gas & Elec. Technical Prod . Technicolor’ ... Tobacco Prod Todd Ship ‘Timkin RB. United Prof Shar new.. United Ret Can Wayne Coal . *West End Chem STANDARD Anglo-Amer Ol! Crescent PL .. Imperial Ot! Can f 8 ON of Ind 8 Oot NY Vacuum Ol INDEPENDENT OILS *Allen Oil 40 *Boston Wyoming Carib Bynd .. Cities Bervice Cities Service B ctts Cities Service pt . Cont Ref .. Colombia Syn Creole Byn .. Engineers . Petroleum Federal Ol! ., Gilitiand OW Glenrock Ol! “Hudson O11 Int Petrol 0% 200 20% 70 Livingston Pet . 1 ot Maracaibo Ol) . Mutual Ref NY Ol New England Fuel No Am Ol . Omar Ol Ryan, Cons Salt Creek Prod Shell Union pf .. Simms Pet Southern P & R States Ol "Nevada Ophir. New Dominion. Niplasing Ray Hercules *Rex Cons. *Bilver Horn Aluminum. 7s Am Cotton Ol! 68 Amer Light T 6s Amer Light T 6: 6. Anaconda Ts 20... Anglo Am Oil THs. Armour & Co 7 Atl Gulf 8» Beth Steel Ts 23.. Beth Steel 7s 35 Can Nat Ry Eq 7 Can Parc 6s. Char Iron 89. Cons Gas Balt 6s. Cons Gas Balt 6s Com Power 6s.. Cuban Tel Deere & Co. Det” City On East Cuban Sugar Ts 100 Galena 8 0 Ts 106% Gen Asphalt 8s Goodrich Tire Gulf Ol 7s. Hood Rubber 7s Inter BOT 8s. Inter RT ct. Kansas Gs. Kansas City L & P be Kennecott 0 Lociede Gas Libby MeN & L 7 Liggett WoW 7s. Morris & Co. 7% 23% 105 108% 08% 101 Phila Elec 60 106% Public Sersw J Robert Gtr’ Sears Roebuck 78 22. Bears Roebuck 78 23. Shawsheen Solvay et Cle 8a Sugar States Orient Swift & Co, Ts 25 Swift & Co Ts 31 Tidal Osage 70 Unton Ol Col 6s United O11 Prod 88 Un Ry Hav 7%! U & Rubber Ss Vacuum Oll 7s ‘Wayne Coal 6s : FOREIGN BONDS. Argentine 7s 100% French Ss. King of Netherland 6s. King of Serbs 88 Mex Gov 35 NYNH&HFr Rep of Peru 88 Russian 6%8 Swiss Gov 545 U B Mex 4s. oe TEN ESCAPE AS SHIP 1S SUNK BY FIRE. Crew Flees Rapids in St. Lawrence River—Cook is Rescued. MONTREAL, Sept. 22.—While the 100 ton ferry-Richelieu lay just above the Lachine rapids in the St. Lawr- ence River, sunken and burning to the water's edge, her crew of ten to-day told oftheir escape from the craft mid-night as she dashed down the river, aflame and out of control. Fire broke out aboard the vessel, which plies between Montreal and LaPrairie, as she was in dock last night. Her mooring lines burned away and she was heading toward the Rapids at twenty miles an hour, burning from stem to stern,” before the crew awoke to discover thelr ci. Perhe men scra ‘bled into a small boat just as the i.ichelleu reached the heavy current which lead into the Lachine Rapids, but the cook was missing. “He had jumped from the burning craft and was rescued by his mates as he was being swept Into the Rapids. The Richelieu sank a few minutes later. + ea CAN'T FILM CANADIAN 80LON OTTAWA, Ont., Sept. 22.—Movie men to-day were denied permission to film the interior of the Canadian House of Commons. Speaker Ler aug, when bis sought, decla copecripre would not be in keeping wit ty of the Parliament. Rickenbacker See the tandem flywheel vibrationless motor Closed Care Jor Immediate Delivery HUNT MOTOR CAR CO., Inc, Sith Street at Broadway, Buildin, be reokion Telepho: | Brazil (cents per milrels). FOREIGN EXCHANGE To-Day. T't'y. Wk.Ago Sterlite (par 4.86% per sovereign). Demand . 441% 4.42% 4.42% Cables .. 441% 4.42% 440 France (par 19.3 cents per franc). Demand . Cables 1.50% 1.57 Italy (par .3 conta per lire). Demand . eeeeee Cables Baeeee Germany (par 20.3 cents per gold Demand . 07% OTH Cables 07% 07% Switzerland (par 19.3 cents per franc). Cables 18.06 18.70 18.73 Holland (par 40.2 cents per florin). Cabl 38.69 (88.70 38.70 Belgium (par 1 cents per franc) Cables TIT TAT — 7.10% Austria (dectinal of @ cent to the crown) eseee 018% 0014 0014 cents to the drachma). ae + 285 2.25 2.00 Sweden (par 26.8 cents per crown). Cables ..... ++ 26.45 26.50 26.42 Norway (par 26.8 cents per crown). secseesesees 18,85 16.84 06.80 ‘ke (par 26.8 cents per crown). ++ 20.85 20,05 21.22 cents per peseta) 16.25 15.14 to the crown). 6 08% crown). x 8.29 a’cent to the mark). 018% .0018% .0014% Finland (par 109.8 cents to the mark). Demand ...+ 219 2.19 Jugo-Stavia (decimal of a cent to the Demand 84 mM Roumania (decimal of a cent to the leu) Demand ... eT aT Canada (cents per dollar). Demand . 50 +100.00 99.08 n (par 49.8 cents per yen). "table, . cesses 46,80 Rae 48.50 ngkon! ar 60.82 cents per dollar) Helene ce niecssess 135. TAB. 87.00 Saloutt ar 82.44 cents per rupee) .44 cents per paper peso). ad ne , 85.05 85.65 8X75 12.60 par 20.8 cents per 815 8.12 2.18 crown). BT 61 99,07" Cables ‘ 12.50 12.50 ; bn 00 cents per paper peso). » nar apiermenonin Tamer aie} ——_—_—_——_ DIVIDENDS Payable Stock of Rebord Sept. 22 Oct 2 Sept. 26 Oct. 3 Sept. 80 Sept. 30 an a LIBERTY BONDS. ‘Will & Baumer All Am Cables City Investing Cp Peoples G ‘ 1% 1% Low, 101,32 = High. ++ 101,82 «100.64 + 100.16 + 100.24 + 100.06 + 100.72 .|NIGHT BOMBING ATTACK AT MINEOLA TO‘MORROW Public Invited to Exhibition Daring Manoeuvres. Artillery and air service units in the wimle warfare which began yesterday with Mitchel Field as the key position were repeating to-day_ the maneuvres constituting the same ‘problem’ which was worked out on the opening day. This consists of locating massed “‘en- emy" artillery and in stopping various “arives'? which hte hostile forces theo- retically direct toward unknown objec- tives. Opposing planes. continually strive for supremacy of the air and are directing the “fire” of the contending artillery. There will be no night flying to-night, although to-morrow evening at 8 o'clock the public is invited to witness an aerial attack with rea! demolition and gas bombs upon a “city” mapped out on the field, Arrangements are un- der way to accommodate 5,000 visitors. Loaded bombs will be dropped by the light of parachute flares released from planes, while four searchlights of a combined rightness of approximitely 6,000,000,000-candlepower will searc}. for the invadifs airmen. Diluted tear gas bombs also will be used. COAL RELIEF BILLS SIGNED BY HARDIN WASHINGTON, Sept. 22, Fuel Anti-Profiteering Bill and t} Borah Hill providing for a D Investigation of coal ‘tod were signed by President Harding te day. “ The Cummins-Winslo-* an eering measure gives the Inte Commerce Commission sweeping po ers.to prevent high prices by gor: ing the allot~-~t of coal cars, The Borah act authorizes appots nent: of a fact-findingy commissie vhich will Investigate ‘both the an, thracite and bituminous industri ind make recommendations to Con. gress with a view to preventing rep tition of the 1922 strike. Conrad EB. Spens, Vice President, the Chicago, Burlington and Qui Railway Company, was uppointed ‘ederal Fuel Distributer to-day under “he new’ Anti-Profiteering Act. Hair ts Turning Gray, use Sage Fee ‘OU can turn gray, faded hair beautifully dark and lustrous almost over night if you'll get a bottle of “Wyeth’s Sage and Sulphur Com- und” at any drug. store. fillions of bottles ofvthis old famous Sage Tea Recipe, im- proved by the addition of other ingredients, are sold an- nually, says a. well-known druggist here, because it dark- ens the hair so naturally and evenly that no one can tell it has been applied. \ Those whose hair is turning gray or becoming faded have & supprise, awaiting them, be- cause after one or two appli-+ cations the gray hair vanishes and your Abels become tuxuri- antly dark ahd beautiful. This is the age of youth, Gray-haired, unattractive folks. aren't wanted around, so get busy with Wyeth’s Sage and Sulphur Compound to-night and you'll be delighted with your dark, handsome hair and your youthful appearance within a few days. rash wont it Atte; to conceal complexio ficmienes tovally fail, and only se: to draw attention to the defects, Underneath most unattractive ski fs a clear, pleasing complexion— that is needed is the proper treatme: It ts surprising how often a brief u of Resinol Ointment and Resinol Soa] will clear away blotches, redness ‘roughness and give the skin its natur, freshness and charm. Ask your druggist for Resinol, \Resinol It’s a Tom Wye. DULY KET 50 2-pocket model 4pocket model $8.50 KNIT / \ Snug and neat. A tramp in the country, a walk to the office or school, or a ride in your car on a snappy morning— are more enjoyable when you wear a Tom Wye Knit Jacket. ~Just look at one. See how stylish and good-looking it is. That well-tailored ap- pearance will stay, too. Reinforced shoulders pre- vent sagging. Pockets stay There is never any bunching under the arms. Two styles’ in, beautiful heather mixtures. At men’s wear and sport- ing goods stores. Look for the Tom Wye label... Robert Reis & Co. Distributors New York City