The evening world. Newspaper, October 6, 1922, Page 29

Mammoth Bankers’ Convention, Greatest Ever Held in New York, Winds Up With a Gigantic Ball Open. High, Low. Last. 70% 82% O41 05% Ajax Rubber 16 @ 10 Alaska Juneau 1% 1% Allied Cher 8% 8 Allied Chem pt 12 There Were Six Orchestras and All of Them Busy, a} {ie "cnumers ae . Am Bosch 4% Glorious Finish—To-Day There Will Be Post Con- = | 4m Gan aon : Am Can pf. 100% vention Social Activities. 4m Car Found, 188 Am Chicle on Am Express .... 143 ‘The greatest convention which New York has ever known is history—| Am Hide & “14% officially. Socially, {t will last through the day, é Reg Ico ne The American Bankers’ Association, with a previous eecord of 4,900] Am Wh attendance, decided this year to hold its meeting in New York. It was hoped eq jee ys ythat 6,000 might come, but when tho registration room olosed yeserday,| am Radiator .... 191% ‘almost 12,000 bankers, from every part of the United States, had oome| Am Safety Rez t Bhip & CG 33) 237 to New York to hear the leading bankers of the Nation discuss the peob-[ 4" gut a ne, ara GI Ot Gite Jems of to-day and tell their remedies for the tlis in question, Am 8 R pf A O8% 8% = P5% on-& Am Bteel Foundry ‘The grand ball of the grand conven. oe Gamdite tion took place last night in the grand] room floor of the Commodore was ml-| Aim Tel & Tel. ballroom of the Commodore. There|Taculous, In the morning there wero] Am Tei & Tol ris hich one|'"@ Information booth, the stands] Am Tobacco. were four ballrooms tn which One} \iore one got theatre tickets or ne-] Am Tobacco B .. might dance. Each of these were/gotlated for favorable golf links for| Am WY Me & RP he chek Bats packed until the lights went out and|the afternoon. But at night —thas] i QPP.) he orchestras went home in want of | “4% 4 different story. Am Wool . The pretty girls who had invelgled] Anaconan breath, Anacond: Six thousand delegates left to-day men who knew not a brasule from al Amer Metal charley borse had left the golf a Amer Metal pf for West Point to witness manoeu-f partment. Telephones had been re- ven Ba i ae a0 y Academy, Of} Moved, typewriters had been taken q Vers at the Military Academy, {| tome and booths-and compartments] Af" 0," these, 2,500 went on the Steamboat) which had been useful and active in| Ait Fruit Washington Irving and 1,800 on the}the morning were transformed into] au Guit & W Sandy Hook, leaving the foot of West] bowers of fragrant blooms or vistas] Atl Git & W T pe : Nichols A, tt. ‘Thasothers| Of ferne, Austin Rene Gtresy at 10 A, Mt. Tnaie The soft collar, which had been| Bald Locomo . went by special train, Luncheon was very popular, even in the best of bank | Bald Lore pf served aboard for those on the bouts.| president circles, was ditcarded last| pernadall A The first arrangements called for| night in favor of the ‘up-and-at-'em''| neth Stee! B. only one boat, but so many wanted] collar and the boiled shirt. Nothing] Booth Fisheries « to make tho trip the extra’ accom-| hitherto had been formal, and the| Brit Emp Steel. modations had to be secured. During] bankers had their first and only|B RT ste... the trip the Executive Council and] chance to exhibit their evening duds.| Butte Cop & Zinc Administrative Committee of the As- sociation will hold meetings on the Washington Irving. ‘The delegates who like to play golf ‘will have a tournament on Long Ysland, and about 250 of them will| tricts stopped dancing to the tune ‘play during the doy..at the Cherry| Which they had on graphaphone rec- alley, Garden City and Piping Rock| ord a month ago. They liked ‘em. ‘Clube. The ball committee, which distin- ‘They are to compete for the St.| sulshed itself by sending every one Wouts trophy, the New York trophy] home happy at a scandalous hour this and other prizes. During the week} moruing, was headed by Charles A. : Bm N pe about 1,000 of the visitors havo ac-| Delafield, with these assistants: Chel- LeRiCWiLtees cepted the invitations of metropolitan] lis A. Austin, Charles H. Murphy,|cni Great W pf. golf clubs. Samuel McRoberts and Lewis E.| cni Mil & St Paul ‘The ones who went to West Point] Pierson. Chi Mil & St P ad ‘will return to New York at 6 P. M.| At the head of the Floor Committee | &h! # > ent oRte Popeot Six orchestras started to play at 9.30 in the various dancing parlor: and they didn't stop until the wiv of bank presidents from remote di & Alton vt.. st LN was John W. Prentiss, who had these The transition from the business to} able assistant: Mrs, Courtlandt D. he social‘ environment on the butl-| Barnes, Mrs. James A. Burden, Mrs. Cornelius N, Bliss jr.. Mrs. Arthur O. . Choate, Mrs. Guy Fairfax Cary, Mrs. | Col Fue & iron ’ William Shippen Davis, Mrs. Joseph | © st Ga é . Davis, Mrs. J. Liayd Derby, Mrs. | °° mba Gran Edward C. Delarield, Mrs. Edwin A.|Comp Tab & Rec Fish y ‘ , Mrs, Guy Emerson, Mrs, Lydig | contol Cigar « Hoyt, Mrs. Arthur A. Fowler, Mrs. Charles A. Lindley, Mrs. Herbert 1. | Consol Testile Pratt, Mrs. John T. Pratt, Mrs. | Cont Can ’ Dwight W. Morrow, Mrs. Seward | Corn Products - Cosden Oil ....++ Prosser, Mrs, Henry P. Russell, Mrs. | Grueinie 8tecl Jackson BE. Reynolds, Mrs. Willard D.| cuban Am Euser. 2813 ‘ Straight, Miss Nancy Jay, Mrs, Reeve Cuban Am Bu pf. Schley, Miss Ruth V. Twombley, Cuba ¢ fu pf 5 Mrs, George Whitney and Mrs, )*Del Lack & W Whitne Piven as tman Kodak Early Selling for Professionals} New York nas ended its role aw host = de luxe, Must of the bankers will Followed by Healthy go home to-night, but over 1,000 are Reaction staying for the Hagen-Sarazen golf Erte 1st pt. Erie 2d pf - ‘ Famous Players Fed Min & Sm pt match at the Westchester-Biltmore Saturuay, and a like number ts stay- ing to see whether the Giants will be| tioncr Rody sn able to send the Yanks once more ‘to| tisk Rubber ..... baseball obscurity. Freeport Texas . or dden Oils CURB Goldwin Pietures Opencd irregular. Shell Union 13 1-4, up 14; Sehulte, 47 1-2, 1 1-2; Radio, 4 1-2; N. J. Zine, up 1; 8. O. Kentucky, 1- ‘The stock market for a brief time ‘this morning suffered a slight attack of ague as a result of the overnight despatches that there had been a hitch fn negotiations between Turks and the Allies to settle the Near Hast ‘question. Stocks that have been lead- ing the recent recovery in prices Int, Pet., 22 3-4; 8. O. Ind., “ ‘ere hastily dumped on the market]; : Impl. Oll of Can., 120, off 1-2; big Aad avie 14 by the end of the first half hour] Mutual, 7-8 to 11 8-4, up 1-8, to| Gt Nor Ore cts many of the speculative leaders] unch.; Contl, Mtrs., 10 1-2 showed losses extending to as much . five points. ‘This early eclling was mainly for the account of professionals who had been deterred from raiding the market during the earlier part of the week because of the large volume of public purchases. Their raid to-day was aided by a few nervous holders of stocks who seemed to fear that there might be a repetition of the break of nearly three weeks ago. But the drop in prices proved to be ‘of short duration. Before the end of the first half hour the market's for- ward movement again got under full swing, with specialties which are he- lieved to be in line for a “melon” cut- ting soaring in spectacular manner. The early attack on prices was di- eted principally at Standard Oi! and fexican oll shares, It proved to be an unfortunate selection on the part of bears, for not only was selling easily absorbed, but before noon fresh gressive buying caused most of the stocks in this group to sell up to new high marks, many showing net gains of ten points and more. What greatly added impetus to the forward movement was the announce- <nrent of the Standard Oil Company of ew York that it had dectded to dis- ribute a 200 per cent. stock dividend and reduced the par value of the shares from $100 to $25 Other spectacular gains were Fisher ju Pont, 43-4, American National Biscuit, 4, to a new high record; Houston Oil, 6 3-8, May Department Stores, 3 3-4, R ; Latest | den Mot Deb 6% i | Goodrich _ Open as EW t Until 9 o’Cloc rALSUITS TOP COATS and OVERCOATS Snappy, Up-to-Date Styles Special, Extra Fine $ All Wool Men’s Suits 15 { BOYS’ nolds Tobacco 6, Tidewater Oil 4 1 Fall Vnited Fruit 5, Western Union 4 and Woolworth 5 6-8. Styles At the same time more representa- tive shares were able to give an ex- " Buy Direct from Maker! cel’ nt account of themselves. United e q BPetn Mecca untio‘a aew bint for Remember: We are manufacturers. Our prices are always lower. States Why? No show, no blow, just a plain wholesale showroom—but we give the present movement, equipments \ were ie &trong and rails gener-]§ YoU seed American courtesy and factory prices ally showed advances extending from Open Saturday Night Until 9 o’Clock good-sized fractions to more than 4 point. The foreign exchange markets were unfavorably affected by the foreiso Mews, with demand sterling wip THE EVENING WORLD, FRIDAY, OCTOBER 6, 1922. Tobacco Prod A.. #-Cont Ol Timken Roller Postum Cereal Pub Serv of N STOCK QUOTATIONS Jon Pacific pf Pierly Wisely ited Alloy Bteel+ 87% May Dept Stores Gulf Btate Stoel Hudson Motors Houston Oll ., k Minn & Bt Lou Mo Kan &T Ww MoK&T pew 18 Rub fet pt Mo Pactflo pt 8 Bmelters.... Int Cons Corp .. Int Cons Corp pt National Biscult,.t Vanadium Steel . 47 Nat Cloak & Suit : Va Caro Cher Int Mer Marine , Int Mer Mar pt . Inter Nickel , L & & West pe Santa Cee Bugar Invincible Ot Werting Alr enting teas Wenting Uiee vis. 62% Beaboard Air Line Seaboard Alr L pt Sears-Roebuck Beneca Copper Wickwire Btoel «+ see BH 4 44% ros Te J Kayney N . Kan So . North Amer pf.. Kelly - Springt’a Bouthern Pacifi Keystone Tire .. thern Hallway Bouthern Ry pl Giand Ol of Cal Btand Ol of NJ BStand ON N J pe iis Worth Pump pf B "Bx dividend, Lackawanna Bteel Lehigh Valley «+ Pan-Amer Pet B.. Birombers Car Mack Truck Ine . Mack Truck tet pf Penn Seaboard Man Bleo Sup Pere Marquette Marlin Rockwell. Martin Parry ss. Mex Seaboard .. Mex Seaboard ct. n Cop & Chem ‘Texas Coal & Ott . Pittebargh Coal . Maxwell Motors B oft BANKING AND FINANCIAL, BANKING AND FINANCIAL. BANKING AND FINANCIAL, eee Bonds We Recommend A diversified list of Bonds offered to investors through offices in more than fifty leading cities in the United States and Canada. are legal investments for Savings Banks and Trust Funds in New York, Massachusetts and Connecticut. STATE AND MUNICIPAL BONDS ations of States, municipalities and other political rederal Income Taxes (both nornial and surtaxes), and is collectible without certific City of Buffalo, N ,Y., Coupon 4148 ......... City of Chicago, Ill., Coupon 4s.......... City of Camden, N. J., Coupon 414s8....... City of Des Moines, Iowa, Coupon 4/8... . State of Missouri, Coupon 5s..............s00+ City of Detroit, Mich., Coupon 414s.......-.. State of South Dakota, Coupon 4348... «64: City of Warren, Ohio, Coupon 5'18.......... City of Fort Worth, Texas, Coupon 5s. Mecklenburg County, North Carolina, Cannon 4348. E] Paso County, Texas, Coupon 41/s.... Income derived from the ol subdivisions in the 1926-1952 1924-1934 1939-1945 1942-1952 1925-1932 1940-1962 1937-1948 1956, opt. 1926 4.60 CANADIAN GOVERNMENT, PROVINCIAL AND MUNICIPAL BONDS Province of Ontario, Gold Coupon 5s. Province of Alberta, Gold Coupon 5s Greater Winnipeg Water Dist., Gold Coupon 5s.....; Province of Alberta, Gold Coupon 51/2 RAILROAD AND INDUSTRIAL BONDS Southern Pacific R.R., First Refunding 4: New York Central R.R., Refunding & Improvement 5s... Kansas City Southern Ry., Refunding & Improvement 5s. . Sinclair Pipe Line Co., Sinking Fund 5s Northern Pacific Rwy. Co., Refunding & Improvement 6s. . St. Louis, Iron Mt. & Southern Ry. River & Gulf Div., 1st 4s. Crown Cork & Seal Co., First Mortgage Sinking Fund 6s... . . Sugar Estates of Oriente, Inc., First Mortgage 78........... FOREIGN GOVERNMENT BONDS & SHORT TERM NOTES Sinclair Crude Oil Purchasing Co., 51/, Kingdom of Denmark, External 6s......... Gov’t of the Argentine Nation, 7% Treasury Notes.... Japanese Government, 4% Sterling Loan... . PUBLIC UTILITY BONDS Utah Light & Traction, First Refunding 5s, Series A...... Detroit City Gas Co., First Mortgage 6s, Series A. ce New York Steam Corporation, First Mortgage 6s, Series A. Portland Ry. Lt. & Pr. Co., 1st Lien & Ref. Gs, Series B Offered subject to prior sale and change in , 1952. opt.1942 Sept.15, 1942 % I Complete information regarding of these issues will be sent upon request. j The National City Company Main Office: National City Bank Building, New York Uptown Office: National City Building, 42nd St. at Madison Ave Offices in more han $0 cilies im the Open 84% 1455 m% 781 a5 Retail Stores 81% ve 0% 8 Food Prod 8 Ind Alcohol. . Wabash RR pf A 02% Weber & Hell 210% + 100 13 Overland Corp Overland Corp pt. Woolworth Go s+. 196 40% 0 LIBERTY BONDS: Liberty 8% opened 100.62; Int 4a, oft 0.02; 100.06, off 0.04; 100.40, off 0,025 EXCHANGE HASIER, demand 3-45 BANKING AND FINANCIAL. Many of these Bonds is exempt from all Approx. Yield % 3.80-3,85 4,00-4.05 4.10 4.10 4.10 4.125 4.30 4.40 4.40-4.45 4.50 5.05 5.05 5.08 5.10 5.25 4.55 5.03 5.40 5.40 5.45 5.60 6.30 7.10 5.90 6.10 6.20 6.50 5.60 5.80 6.10 6.20 demand, .6428; 0428 1-2, off .0002 1-2; Belgium franc, .0004 5-8, off 0000 1-8; demand and cables, .0318, Swiss franc, demand, .1867; mand, ,3874; cables, .3877, off .0001 mn Bweden kroner, -1764, up .0904; ADVERTISEMENT. The Truth About Overcoat Materials An Interesting Statement Made by Clothing Manufacturers. Tt is not overcoat atyles we cerned about, but the materials frou which overcosts are made. take care of the styles, if we have the correct materials to start from. But a good overcoat material—a material that combines warmth with weight, that is all wool, stand the roughest kind of wear in the worst kind of weather and noc look crushed and worn, but retain its dressy appearance—such a material is difficult to find in any of the woolen dd abroad, And it’s the only kind of overcoat material we 0% 1% called, 100.12, Last year we thought we had it ani discovered we'd made a mistake. Well aid for that mistake! money on many overcoate— on every single one that failed. to rantee because the what it had beer represented to be to us, The fact { that many houses were compelled t+ place labels on their overcoats, stat- ing that the materials were not guar- anteed for hard wear. That mistake taught us a lesson We won't have to refund money this de 4 careful seleetion of overcoat materials for this season and have absolute confidenes wearing qualities. able, warm, of correct weight, in dark, attractive colors. roughest possible usage. we have developed in the very newest fashions. And the prices on these * Just the usual and Maisel genuine wholesale prices. with which the publio is by now wel acquainted. But remember—you are buying direct from the manufaetur- ers who have gained the public's con honest, stralght- forward sales policy. Just stop in and look them over—+ after all, winter {s nearly here. please don't forget that our absolute tee of thorough satisfaction or money refunded still holds good ov well a9 the suits and top- coats we make. Rabi atieet in the Tn’ come up to ou’ material was ol They are servic by of Better FINKELSTEL.. & MAISEL, Makers of Clathae, o FACTORY AND SHOWROOMS, 810 Broadway, Opp. 11th St., N.Y. DIVIDEND rg a t ‘New York, Septe Board of Directors BAVINGS BANKS. NORTH RIVER SAVINGS BANK avinvatt LM treet, The Franklin Savings Batx ef the City of New York, FOUNDED 1859. 42nd St. and 8th Ave. or PooN PER CENT. PER ANNUM, payable on and after will ‘draw! inters