The evening world. Newspaper, September 27, 1922, Page 22

RESUMED TO-DAY) COURT KIDNAPPING Losses Throughout Entire} Detective Gilbert's Machine List Extended to as Much Said to Have Speeded as Three Points. Socolow to Ferry. The downward tendency in the stock market, which set in a week ago last Monday when a war scare arose over the Near East situation, was resumed this morning and at the end of the third hour of busi- ness prices losses throughout the list were extended to as much as three points. As was the case yesterday no one group of stocks was exempt from the wave of selling. Rails, steels, coal stocks, oils and miscellaneous industrials all gave ground without displaying much evidence of support. Trading was on a relatively quiet seale, and it seemed at times that Hquidation was so regulated that it ; was kept in line with the absorptive ; power of the market. Leading issues in the railroad group nearly all made new low for the current downward movement, United States Sreel touched a new low at 102 1-8. The low of yesterday was 102 1-2. Equipment shares tell from one to two points and losses of similar extent were general throughout the lst. Seling was in face of the nouncement that an Allied confer- ence with Turkish chiefs for the purpose of suspending hostilities had been arranged for Sunday. Money conditions were satisfactory with the renewal rate for call funds being fixed at 4 1-2 per cent., industrial reports were cheerful and a large budget of railroad earnings for Au- , 8ust was somewhat more favorable than seems to have been generally anticipated. But none of these factors stiffened confidence in the market. It was progressively weak and in nearly every instance lowest prices of the day were scored in the afternoon. The wheat market also moved contrary to the character of the news on the Near East situation by rising two cents a bushel. Ignatz Pays $2 To Be a Sceptic, $1 ‘To Be Fresh’ “The Great Nicholas” Proves to Court He Should Be Paid for His Performances. Harry Ignats, twently-five, No. 40 t Forsyth Street, paid a ‘bet of §2 In Eesex Market Court to-day by order oc Magistrate Corrigan and in addi- tion a fine of $1 “for ®eing so fresh,” as His Honor put it. Ignats's two Bimoleons were handed over to a Russian performer who styles him- self “the Great Nicholas,” thirty- eight, No. 183 Southern Boulovard, the Bronx. He is an equilibrist, fire eater and all-around acrobat who! said he has startled crowned heads; all over Burope and is now engaged im similarly startling uncrowned heads in a Harlem museum. Nicholas and Ignatz were taken into An automobile belonging to the New York Police Department and driven by Detective George P. Gilbert of the loca) foree, was used to takv Walter Socolow, stolen from thr Court House, to the Cortlandt Street Ferry, according to a Baltimore correspondent. ‘ This was disclosed when copies of a Baltimore newspaper wit! 4 story of the “kidnapping” were read by New York authorities. The news- paper's correspondent, who says he was in the Police Department car that took Socolow out of the jurisdiction of the New York courts, relates also the active part taken by Asststant State’s Attorney Herbert kt. 9'Conor' of Baltimore. Socolow was rushed out of the court room, according to the Balti- more writer, as “Justice Martin be- ‘The writ is dismissed and the the sentence. Mr. O'Conor, went to New York to bring Socolow back with every resource he could command, took the last resource he had and shouted, “Tale him out, men’ Get him down#tatrs!* “In the confusion a New York de- tective tripped and threw ‘Socolow's attorney and the crowd trampled over him, Several persons were knocked down. But the ‘flying wedge’ from Baltimore got away—and tn an auto- mobile ‘belonging to the New York Police Department.” After describing the scene at great length, the correspondent continues: “At the curb stood a big automobile, with Detective Lieut. Gilbert at the wheel. This car had brought Lieut Gegan and newspaper men to the Court House an hour before, Gilbert had been told to remain in front of the building for further instructions. “Bocolow ‘was thrown tnto the rear sent of the car. Mr. O'Conor jumped into the front seat and the corre- spondent was on the front seat with Gilbert. Hanging on the spare tires fm the rear of the car was another Baltimore newspaper man. ‘For God's wake, go,’ Mr. O'Conor yelled to Gilbert. * “In a flash the powerful car swung around a corner and the race for Barney Oldfield speed. said to the correspondent, and there- after it was the correspondent's duty to yell ‘Headquarters’ at each corner and get right of way. Several times the car narrowly missed posts of the elevated railroad.” The story begins with the state- ment: “Walter Socolow was kidnapped from the court room in New York yesterday by Detectives Charies A. Kahler and William L. Murphy of Baltimore. They snatched him from beneath Justice Francis Martin's nose.” = IMONTANA YOUTH UNABLE 'TO FIND BROOKLYN AUNT Beat Hts Way Here From Chicano— Big Brothers Aid Him. Great Falls, Montana, vagrancy when found sleeping in a hall- way, has asked tho police to search ‘for his aunt, whose address he was told was No, 465 State Street, Brooklyn, ‘The boy's father, Leo, died three years ago and the,mother, Anna, died four months ago, She told him before she died to go to his aunt. ‘The boy paid his way to Chicago and beat his way from there to New York. No one knew the aunt at that address, His money gave out and the Job he got here did not last, When arraigned in court a few days ago the Catholic Big Brothers agreed to shelter him and @ position has been found for ‘him in a long Island biscuit company's He thinks perh be used in one of bis acts, and Ignatz, who saw bim with the lamp, wanted to know “What's the idea” on a bright day like this. Nicholas said he would light {t and eat the fame. Ignatz was skeptical. A two-dollar’ q bet was made and Nicholas did the stunt. When Igante refused to pay Nicholas said be could do more; then he inverted himself, walked on hi hands with the ighted lamp on his head. Ignats still refused to pay, and the argument which ended im court started. Aton Se MRS, REEVE AGAIN HAILS PHYSICIAN INTO COURT Favor Massachusetts Democrats Beer and Wine Plank. SPRINGFIBLD, Mass., Sept. 27.—A plank expressing belief “in the legal use of beer ad lght vines” was contained in tho platform of the Democratic State Convention an reported by the Resolu- tions Committee yesterday. eS ee SS ee CONGRESS LOOKED , OVER 13,711 BILLS; PASSED ONLY 1,057 Would Have Cost Govern- ment Vast Amount to Enact All Into Law. WASHINGTON, Sept. 37.— More than 13,000 bills—13,711 by actual count—of all sorts and de- scriptions were introduced tn the House since the 67th Congreas went to work in April, 1921. Clerke checking up to-day found that of this number 1,057 were Some mathematicians attempted to figure how much it would have cost the Government and how much time would have been re- quired had all the measures pro- posed been enacted, but they ran out of pencils and paper. “Anybody can throw a bill into the hopper,"’ sald a veteran legis- lator, “‘but it takes a wise man to put it through the mill,” Bal Net op, fi 8 mon. @rone Tal. after tax Net op. ther NORFOLK Aug. xroms $7,006,104 Hal. after tax 112.441 Net op. Ineo.....- 1,614,600 % mos, gross OKATTRIO Pal, after tax 19,800,449) et op. tnco 14,315,707 t op income Dee R-montha gros. 8,011,185 Dec Balance after tax 1,063,023 Dee Net op tneome 721,427 Dec AUGUST nae aed FARN- NEW Aug. gross after YORK © PHILADELPHIA AND 490,408 Dec Deg Dec Hal, after . Ine, Net op. the Aug grow Dee Ralance after tax ATCHISON BY8TEM. Company report Aug grows Dec Net op tneome... 1% 1 Ne Company report Aug groan é Not aft tax tal Income 1,454,376 Inc Bur after eh i Ine. 8 mon grow. Inc Inc Inc Inc ax. a 8. 995,400 492.400 BALTIMORE AND OHT Company report Aug gros B14, 11,284 Def aft tax 174.,020 et op dot ; x mon roms Hal att tax Net op income. N Company report Aug gross Net aft tax $10,094. 2'82 1150 — The Iron Age, in its weekly of stock trade condiltions “Placing of lurge ordens for the $40-a-ton price, which on is replaced by $43, trade what is probably the tive week in railroad muaterial ever known. reservations wiilch will become defi- nite tonnages later, In the Chicago district. this business amounts to about 450,000 tons and will be tons by the end of the week. President Newman Erb of t the initial dividend on tha non. Jative preferred stock, deferred on at count of the shopmen's strike, delayed indefinitely owing to the un- certainty arising from the pref distribution of coal under orders. Sept. 23 totalled 212,110 ears, high since April 1, accordiny The American Smelting an ing Company ordered from 6.25 to 6.35 cents, Car loadings for the week Oct. 22, 1921, according to a ment issued by the Associa’ Railway Executives. the previous week was 14,321. ings were 93,367 ahead of the sponding week of last year. Directors of the Company decided not to to be acted on at this time, a FOREIGN EXCHANGE. To-d'y Yeu, Sterling (par 4.86% per sovercign). Demand 440% 41M Cables 4A 4A France (par 10.3 cents per franc). Checks ) TAO 7.03% Cables 0 7.84 Italy (par 1 er Mra) 4.29% Cables 4.27% 4.80 06%, Switseriand (par 19.3 conts per franc). Cables 18.68 18.00 Holland (4 ents per florin). dies SRIT = -BR.T0 Belgtum (par cents per frone). Cables Tt (7.21 Austria (decimal of a & Demand 0014 Greece par 19.3 cer 0018 Cables es... 2400 -2HS RHO Sweden (par 26.4 cents per crown). Gabler ....+. 242 26.45 26.05 Norway (par 26.8 cents per crown). Cables ....... 16.98 16.04 16.08 Denmark (par 26.8 cents per crown). : ++ 2075 20.82 20.98 Spain (par it * é Cables ... 16.22 15.1 19.25 Hungary (decimal of a cent to the crown), Demand ...... 03% 04% OF Cxecho-Siavakia (par 20.4 cents per erown) Demand ........ 307 310 8.02 Poland (decimal of a cent to the mark) Demand .. OL 11% ONE Finland (par 19.3 cents per mark). Demand . + 210-888 2.18 EY} Amer Rank Note. 1.00 Unit Cigar Stores, 2 Un Bt ex 1.90 No i Deo. $1,631,401 ONTARIO AND WESTERN. 19,700,3 , LK AND WESTERN. 12,070,091 1 FINANCIAL NOTES. has given the stecl most ac- All important lines tn the country, and many smaller ones, have either contracted afr their 1923 rails wholly or in large part, or made Arbor Railroad to-day declared that Coal loadings for the week ended Statement issued by the Association of Rallway Executives. This exceedetl the previous week by 16,968 cars, another crease in the price of lead, this time Sept. 16 totalled 945,919, highest since Increase over Williams = Tool order the payment of the 2 per cent quarterly dividend on the preferred stock, due Germany (par 20.3 cents per gold mark). ‘Checks 08 OT t to the crown) to the drachma). Jugo Slavia (decimal of centn to the erown) Roumania (decimal cent to the leu). 62 % Hongkong (par 69.82 cents per dollar) Cables ...cecce, OTIS «OTIS OTIS Calcutta (par 82.44 cents per rupee) CCales cose 28.08 28:75 28,00, Argentina (par 42.45 cents per paper peso) Demand ..ssss++ Bid 85.45 Brazil (cents per milrela). Cables. + M95 1200 Chilo (par 20.00 cents per paper peso) abl WIS 148 = ee DIVIDENDS. THE EVENING WORLD 1,081 1H 1,143,060 48a 800,185, 845,000) ‘wae0,200 950) review say! rails at Oct, 1 it has 500,000 he Aun ~cumu- wilf be erential priority a new ig to @ id Min- in- ended state- tion of Load- corre- WkAgo 18.70 28.75 Tt 0004 Bal 35.75 18.87 Nov. 1 Oct. 20 Oct 14 Ort at Oct, 31 Readjustment Plans of Standard Oil Companies Stimulate Trading. By R. R. Batson. As matters are now shaping up. Wall Street may witness an outburst of speculation in shares of certain Standard Ol! compantes which will be reminiscent of that which took place following the dissolution of the trust nearly twelve years ago. It ts persistently reported, but not officially confirmed, that certain of the Standard Of] units are contem- plating the splitting up of their shares in @ readjustment of capital which will result in important benefits to sharcholders, Three of the companies specifically mentioned are the Vacuum Oil Com- pany, the Standard Of! Company of New York and the Standard Company of Kansas. Wail Strect has been kept in the dark as to just what plans the man- agement of these companies have in mind; that ty, it has not definitely been learned whether stockholders uf these companies will recetve a large stock dividend or be given the priv- ilege of subscribing to new stock at a figure that will carry extremely valu able “rights."* In anticipation of early announco- ment of plans of capital readjustment shares of these companies have been unusually active and have scored violent advances. Yesterday Standard Oj] of New York soared 35 points and touched 633, a net gain for the day of 29 points. This represents a gain of 67 points in the last eight trading days. In the same period of time Standard Ot! of Kan- sas has advanced 35 points and Vacu- um has gained 38 points. Stock of the Kansas and the New York compa- nies is selling at new high prices. Stock of the Vacuum Company 1s within less than 6 points of its high- est price of the year. Thane three companies are showing phenomenally large earnings per share on their present capital. ‘The Vacuum Oi! Company now has only $15,000,000 stock outstanding. and at the close of 1921 had an accu mulated profit and $62,640,000, equal to more than $400 Kansas has only $2,000,000 stock and accumulated surplus earnings at the close of 1921 stood at $6,768,000, equal Standard Oi] Company of New York, 16 per cent. annually on its $75,000,- 000 stock, has accumutated and undis- tributed surplus earnings which to- talled more than $167,000,000 at the close of last year, An interesting opinion on the busi- ness outlook ts furnished by the Na. onal Bank of Commerce. It states: “The foremost question of the mo- ment is whether the remarkable ac- tivity of the midsummer months will be followed by a period of gradually and conservatively increased business, or whether it is the forerunner of a period of secondary infigtion. The in dications point cleariy to the conclu- ston that good business ‘based prima- rily on domestic requirements is ahead for the autumn months but that in- flation in the generally accepted sense will not occur. “Manufacture is o1 basis, na sat! excepting in so far as oe stries have suffered trom lack of coal und inadequate transportation fa- cilities, Crop yields are excellent for Practically all crops except cotton, ac- cording to the September estimates, and the forecast is for a cotton crop more than 2,000,000 bates above that of last year. Unemployment is practi- cally Non-existent. Retail and whole- sale business in the United Staten during the autumn will show consid. erable expansion over that of the cor- responding period of 1921. “It must nevertheless be recognized that even though crops are large, dol- Jar wheat, a consideruble decline in the price of hogs stnce the first of June and relatively low prices of other agricultural products have reduced the vurchasing power of the farmer. The situation ls similar in respect to other important classes of raw materials. ‘These conditions, and the fact that not far from 1,000,000 men were continu ously out of work as a result of strikes during the greater part of the sum- mer, are major factors which have effectively blocked inflation at this (me. Business is being booked for re quirements of the immediate future and forward buying ts cautious. Goou business is assured, but it is not res. sonable to expect a boom." Out of every dollar taken in by railroads in 1921, 46.9 cents was ex pended for wages and salaries, ac cording to figures issued by the Bu reau of Railway Economies. Mate rials and supplies took up 20.6 eents ond the fuel bill 9.6 cents, The ap- pended chart, which shows the dispo- sition of each dollar, should be of in. terest to every holder of railway se. curtties: WAGES. AND SALARIES loss surplus of a share. The Standard Company of to more than $300 a share. The which since the early part of 1919 has been paying dividends at the rate of WEDNESDAY, SEPTEMBER 27, 1922, Alr Reduction Ajax Rubber Alaska Gold Min Aleka Juneau Allied Chom Allts Chaimers pr Bafety Rasor Ship & Com Smelt & Ret 6 &@ Ref pt. Steel Foun . Stool F pt . Anaconda All Amer Metal. Asso Dry Goods. Anno O11. Atchinon Atchison pt... ++ Atl Coast Line... Atl Gulf @ WoI.. At Guilt €W T pt Balt & Ohio. Barnadall A Reth' Steel B. Heth Steel pf 7 pe Beth Bteel pt 6 pe Brooklyn Edison. . Brooklyn RT. Burns Bros A.... Burns Brow B.... Butte Superior .. Boech-Nut Phe. Caddo Of .. Cat Packing . Cal Petroleum ... Callahan Mining... Cent Leather pf.. Cerm De Pasco.. Certain-Teed Prod Chandler Motors... Ches & Onto. Chi & Alton.....+ Chi & BM pt n. Chi Gt Wort pt... Chi Preu Tool... OM EB P...... CM @ Bt P pr... Chi & Northwest. CR1IAP...., Chile Col Fuel & Iron.. Columbia Gas. Columbia Grapho. Comp Tab & Rec. Consol Cigar, . Corn Product foxden Olt Crucible Steel... Cuba Cane Sug pf Davison Chem. Del & Hudson. Endicott-John Erle Erle Ist pt - Fatrbanks Goldwyn Pictures. General Asphalt. General Electric. General Motors Granby Mining « Great North pf. Gt Nor Ore cts.. Houston Oil Hydraulic Stee Hiinois Centra! Llinois Cent pt Int Gomb Eng...- Indian Refining. Jewel Tea J, Kayoer N . Kansas City So .. Kanuas & Guit . Kelly-Bpringfield. Kennecott .. Keystone Tire ... Lackawanna Steo! Lake Erie & West Lehigh Valley ..+ Liggett & My's pf Lima Locomotive, Loew's Inc «5.666 Lorillard . Mother Lode . Mack Truck Inc.. Mallinson & Co... Manat! Sugar pt Moon Motore . Magma Copper .. Mexican Pet Mtamt Copper Middle Btates Oil ‘Midvale Stee! Minn & 8 Louis. Mo Kan & Tex.. Mo Kan @T WI Mo Pacific pf. Mont Ward . ‘Manhattan ct Nat Cloak & Suit Nat En & Sta... National Lead pf iat L 2d pf Nevada Consol NOT & Mex... N ¥ Central NYNH&H.. N ¥ Ont & W. - N&éw z North Am Onto Body & Blow Okla Refining Orpheum Cir . Otis Steel soree+> Owens Bottling . Pacific G % Blee Pan-Amer Pet Parish & Bing «. Penn ROR o-.ese Penn Boaboard .. Peoples Gas . Pore Marquette .. Philadelphia Oo.. Phillips Pet . Plerce-Arrow + Pierce-Arrow pf.» Pierce Ot s+. Pittsbyrgh Coal. . Postum eres! Produc & Refin.. ’ ( Open. Famous Players.. Northern Pacific . High. Low. Last he | 14% 14% M 1% 8% 101% Open. Public Bery of NJ OF Pullman Co 11% Punta Aleg Pure On, Pure Oil pt Pierty Wirely Rati Steet 8 Reading .... Replogio Stee! Republic Steel Rep Stee! pt. Heyn Tob pf ..B 964%) | Republic Motors. Royal Dutch .. St Jovoph Lond . & L &@ st Fr pt High. of 121% 40 9% 14% 4% 1% ow 7 St L @ South pt 2 3 20% 20%) Bterling Prod 61% 61% 61% GI] Bavage Arms 102% 102% 102% 102 Baxon Motors Ce a 8" Alr Line pf 1OL% 106% 104% 104% | Beara-Roeduck .. Toe THK THN THR | Binclar O11 Blosa Bheffieid Bouth Pac . Bouth Ry .. Stand Ol of Cal Stand On N J.. Btewart-Warner Studebaker Submarine Boat Bupertor O11 ed Mts oli ©o Guit Sulp.. 7 Coal & OM ee Tye | Tidewater Ol... 3 aay oy] Tobacco Prod... Be Say] Tobecco Brod A rane-Cont OL yu GOK ta ae Timken Roller B. We Wu 38 gy] Undorwnod Type. Te TN T% TSH] Valor Pe F yor sor or, non 111% 110% TM TTL Oe a United Drug Un Ry Inv pf Un Retall Stores 1 & Food Prod... US Ind Alcohol. U 8 Rubber U 8 Rubber Ist pt US Mireles US Steel pf Utah Copper Utah Seaurities Vonadium Steel. . Wabash RR West Maryland .. Wentern Union Wee'tghouse Elec White Oll Wilron Co... Overland Corp.. * LWwoohworth Co. White Eagle Oil. “Bx Dividend, my 81% LIBERTY BONDS. Liberty, 3 1-28, opened, 101.10, off 04 Ist 4 1-48, 100.30, off .02; 2d, 100.02, up .02; 8d, 100, off .03; 4th, 100.14, off .06 Victory 4 8-48, 100.62, off .02. Called, 100.62, off .02. CURB. Opened firm. Schulte, 55; 4 3. Intl Pet., 21 3-8, Simms, 10 1-2; $. O. Ind., 119 5-8; S. O. N. Y., 849, up 2; Packard, 14 3-4, tip 3- Gulf Oi] new, 64; Mutual, 11 3-4, off 1-8; Mtn. Pars. 15; Amalgamated Lthr com., 11 7-8, up 1-2. FOREIGN EXCHANGE OPENED EASIER. Sterling, Gemand, 4.40 3. cables, 4.40 5-8; off 5-8. French francs, de- mand, .0759; cables, .0759 1-2; off 0004, Lire, demand, 0425 1-4; cables, 0425 3-4; off .0002 3-4. Belgian francs, Radio, up 1-8; demand, .07. + off 0004 1-2, off, -0000 8-4. Greak drachms, demand, -0820; cables, .0825. Swiss francs, demand, .1866; cables, .1868. Gild ers, demand, .3879; cables, .3882; up .0003. Pesetas, demand, .1521: cables, .1523; off .0002. Sweden kro- ner, demand, .2689; cables, .2643; off -0008, Norway, demand, °.1695; cables, 169: -0005. Denmark, demand, -2077; off .0004. RICHARDS WINS BY 4.000 iN Ar- LANTIC COUNTY, ATLANTIC CITY, N. J., Sept. 27.— One of the most bitter local contests decided ut yesterday's primary election was that in Atlantic Couniv, where former Assemblyman Emerson L, Rich- ards defeated State Senator Charles D. White. who sought renomtaniion on the Republican ticket, by nearly 6,000 votes, BANKING AND FINANCIAL, ‘Do you want to know? Some of the interest- ing and valuable facts about the New York Curb Exchange, 119% 59% 20% America’s second mi largest stock market. wy The class of stocks traded on oe On ies offered by 1 portunities a ts Eochanee, . The mechanical tions 4 Seceneary to le your ‘yaad The cost to you for buying, me selling and the carryi 38 pages of valuable and necessaryinformation for traders. Ask for Investors & Traders Guide ONES & BAKER New York Chicege Bonen Fi Piusburgh etre Baltimore Three New York Offices 805 Fifth Ave. BUS CORPORATION GOING IN POLITICS: WILL HAVE A LOBBY Will Support Motor Candidates and Have Big Fund to Do It With. “Corporations making motor buses and motor trucks in particular ani automobiles in general have hithert: taken little or no interest In politics in New York State. The traction Inter ests have for years had their Jobbier at Albany. But this year we're going to go into politics in full force, ani’ will have 2 good, big fund back of us, too. ‘We are going to support the candi dates who will be reasonable to the legitimate uses of the motor bus and : SAVINGS BAN Ks. idle IF you the account til one of our dividend periods — which are Janu- ary 1st and July 1st—it will receive a larger race of interest For 72 years we have Leen leaders movements jor the benefit of our depositors EMIGRANT | INDUSTRIAL SAVINGS BANK INCORPORATED 1850 SI CHAMBERS STREET NEW YORK | Credited Oc . Ist, WILLIAM FI WALTER R. BRINCKEIUH( oe ‘Open Mondays from 10. A. other days from 10 A vM M, P. M.'u Bus| ether. motor truck, and from now on will] buses if the Legislature will give have our representatives at Albany to! desired authority, YOUR savings are months to deposit— INTEREST computed by the month on deposits A deposit made as late as the third day of any month will draw a full month’s interest even if the account is withdrawn the first of the following month. If Saat ea Sn NEW YORK SAVI..GS BAN N. W. Cor. 14th Street and Eighth Ave. QUARTERLY DIVIDEND 1922, at the rate o! 4% per annum on sums from $5 to $5,000 entitled thereto under the By-.aws, DEPOSITS MADE ON OK BEYORE OCT, 3rd WILL DEAW INTEREST FROM OCT. ist. Interest Creaited Quarterly BANKING BY MAIL SING. M holidays Money to Loan on Bond and Mortgage look out for our interests in the of adequate legistation.”* So declared H. D, Chapin, Vi Vresident and General Menager of ¢ Selden Sales and vice Compan which is the New York City braneh the Selden Truck Corporation Rochester, N. Y., and which, in ta is a division of the Industrial Mot rporation, a holding company, Selden Truck Corporation is one of companies which has manufactu many of the buses now in use in ti clty, The White Motors Company “Corporations manufacturing 85.0 motor buses and trucks a year a having a total capital of $25,000,0 will be represented in our campaign,] continued Mr, Chapin. ‘We doa have to bring any arguments to he, ipon the City Administartion, as it favoraMe to bus transportation di velopment. It is at Albany whergy have encountered obstactes."" Li Mayor Hylan’s administratio twice tried in vain to obtain Ie jon authorizing the Board of nate to establish motor bus routes has committed itself to an expen ture of $26,000,000 for the const: tion, equipment and housing of 3, SAVINGS BANK wait three . remains un- n R. President. ENC KELOCK, Treasurer, ye trom 10 A. M. to 12 M., ped Baturda: EXGELSIOR SAVINGS BANK The Trustees have % Fel + nnn ordered t credited on ail sums of positors and upward thereto under t WO, DRY by-laws on Oct. 1 ble Ga rid at at the rate of Ret ae ten Deposits made on or before Oct. 4 will draw loterest from Oct, 1, t Credited and Paid Quarterly Y April, July and October "Accounts can be opened by mall Notice to Advertisers Display advertising type copy and release ord for el ne week day Morulng Wosld or. ‘The Erving World Mf received afver 4 P.M. thie day Preoding publication can be inserted ou space may permit and in order of receipt World Office, — Cops co Bade by The World mi {30% ony forthe uiday World wy Teceived by 1B. M. ‘Thursday. preseding ‘piles lon and "release mit be ae rides. Copy contaloing eugravings to be inade by The World must be received by Th % Say at Sunday Main Sbeet Y copy which bas settee Batt SE Pe, Tat i ed "as condition the order "ot “datest rece @tder. alee yee Dispiny copy or exdery released eter than provided” abvne, “uncn intind wi um 4 3 ef any cliatacter, woatsart cr lee ee : THE WORLD The Franklin Savings Bank of the Clty of New York, FOUNDED 1859, 42nd St. and 8th Ave. QUARTERLY DIVIDEND A dividend 1s been declared for the deposit entitled «of FOUR PER CENT. yable on and after posite mad: aran WEST SIDE SAVINGS BANK iath Avenue and Ninth Street. Trustees have declared 4 quarter divider at the rate of Annum, which ill be credited on ite entitled therete on September # re October 2, Tri ACCEPTED | er Stock Exchange and Curt ‘ions Appear Daily in Wall street’ Final Edition ot 4 Phe Evening World. [ =,