New-York tribune. [volume] (New York [N.Y.]) 1866-1924, June 02, 1919, Image 16

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New-York tribune. [volume], June 02, 1919, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 02 June 1919. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1919-06-02/ed-1/seq-16/>

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Americans Leading
Britons in Trade,
Savs London Writer
Lloyil George Government's;
Industrial and Commer- !
cial Policies Scored by
C. B. Barham, of "Globe" I
Xew York Tribune
Foreign Pretf Bureau
The industrial and commercial poli?
cies of the Lloyd George government
are scored in "The London Globe" by
C. Basil Barham, a British writer on
industrial subjects. He points out
that, thanks to the indecision and
muddle in the government offices,
American manufacturers have got a
-ood start ahead of their British com?
petitors. He says:
"It is beyond question that the sign?
ing of the armistice gave British in?
dustry and commerce such a magnifi
icnt opening for business as has never
before been offered. The opportunity
vas there, goods of every possible kind
were in demand, Rritish commodities
v.ere eagerly sought for; German
trade and Germany's overseas markets
lay ready to our hand.
"The markets of the world lay open
:??> British enterprise and?strikes and
*bor disputes sprang up in legion,
: he government began to display a
itiablc indecision as to imports, ex?
ports and trade matters generally;
newspapers began to publish reams of
??.?-tides o" reconstruction, and there
"cmed a general attempt to persuade
[British manufacturers that they need
ot trouble about the trade and busi
-<>ss of to-day, bul that it was their
,iuty to begin to make plans for pro
icing some time in the future on a
i'e to be afterward decided upon!
American Expansion
?And meanwhile America has settled
her labor disputes and is producing
n vast scale.
''Her export:; have risen as compared
ith 1913 by about 150 per cent, and
. manufactured goods is building up
...i almost unassailable position in the
'ar East, in Latin America, and even
in Europe itself. Her trade in steel
.'igots, billets and blooms has increased
,-om a value of ?400,000 in IS? 13 to
::0,000,000 in 1918. Sheets and plates
re now being exported to tho extent
about live times their pre-war
: lue, anil she is sending out more
?an double the value of ordinary ma
hinery, excluding electrical and auto
?obile goods, that she sent out in nor
al times. Her exports of electrical
?achinery and apparatus have in?
cased from about live and a half
nllions to about twelve millions
-terling; she is selling abroad about
)uble the quantity of dynamos and
.10 tors, and hot- sales of insulated
- ire and general electrical accessories
ave increased by about 500 per cent.
1er sale of manufactured rubber;
oods has increased nearly four-fold.
nd during 1017 she made over 1,800,
'0 motor cars of all kinds. Metal
? orking machinery was exported last
.ar to an amount equal to an in?
case of over 230 per cent above p re?
ar records, and metal filament lamps, ?
give yet another example, are now!
ug sold by her to the extent of 14,
?0,000 per annum, as compared with j
j of 1,000,000 in 1913.
American Textiles
"It is not alone in the metal and al?
ii manufactures that she is showing
?.?eh amazing expansion. Before the j
ar her export cotton manufact- ;
valued at approximately ?11?
0,000. Last year they reached i
. value of ?37.000.000, of which about |
-"-'.000,000 were piece goods. Her ex
orts of manufactured woollens in
. reased from just over ?900,000 in 1913
to ?4,000,000 in 1918, and while before
'he war American mills made woollen
iotha and dress goods solely for the
?ome market, and produced none for
export, in 1918 well over 5.500,000
ards ware shipped to and sold in
overseas piarkets. Leather and leather
manufactures for the export trade
how an increase of over 50 per
cent, and the export trade in boots
;nd shoes shows a corresponding in?
crease. While it is true that some ap
, preciable proportion of the increases
n cntioned is due to the enhanced
prices ruling, it is clear that the value
)* America's export trade has increased
tremendously, and unless British man
.' r. facturer s wish to be left hopelessly
? behind in the race for the world's mar?
kets it is evident that they will have
to be up and doing, producing at the
present moment for the markets that
. sre waiting rather than wasting time
* in deliberating as to how they are to
"uture."
Lumber Market Rising
Trade Journal Report? Heavy
Demand From Many Sources
ST. LOUIS, June 1. In its
weekly review of lumber trade condi
-,ons, "Lumber," to-morrow will say:
"The whole world is buying lumber
n constantly increasing quantities;
the law of supply and demand is in full
operation and prices of lumber of all
kinds are continually rising. Manufact
urers of Douglas fir, not satisfied with
some half dozen price advances made
since the first of the year, are seri
ously considering making another ad
srice of about $4 immediately. The
-outhern pine market again advanced
last week; so did Pennsylvania hem
iock; so did California white and sugar
pine; so did cypress in the principa!
?nstributing markets; so did some of
the hardwoods. In short, the whole
lumber market is a rising one, so far
as prices are concerned, and it's
strictly a seller's market, for the mills
everywhere have about all the business
- '?>? can handle and buyers as, a gen
eral rol?? ar" paying th* prices asked
? ?thout quibble or question.
"Demand is general; it. comes from
vjilders of homes, builders of furni?
ture and builders of virtually every?
thing else in which wood in used. For
- eign demand is just now limited by
the number of bottoms available for
' lumber transportation. Indicating the
? genera! condition and trend of the
lumber market as a whole, the last
Issue jA the Southern Pine Associa
lion'? trade barometer shows an excess
vt shipments over production f<>r the
?<'-/. of over nine million feet, an
- ?< of order-, over production of
37,222,63$ feet and an excess of order?
over shipments of 27,867,816, or 2S.70
.per cent.
"Actual production and shipments
are both below normal, but orders ex?
ceed normal production 10.14 per cent,
which teilt the whole story."
Government and Municipal
Bonds
Week's ,-19IP-j
Sales (000 omitted). close. High. Low.]
3023 U S Liberty 3UB. . . 99.50 99.80 98.20
361 do 1st 4s. 96.52 96.00 92.50 |
16?4 do I'd 4s . 94.88 95.00 92.10
219 do 4 4s.95.70 96.64 94.20,
3610 do 2d 44s.95.20 95.36 93.20 ?
8027 do 3d 4 >?s . 95.96 96.50 94.90
11130 do 4th 4 4s. 95.40 95.72 93.12
6150 do Victory 4^8. . 99.96 100.00 99.88
I81 Am Kor Gov Sec EB. . 99Ti? 100 99A
156.") Anglo-French 5-yr 5s. 97% 97% 96%
B Argentine Gov 5s. ... 85 93 8?% i
57 City of Bordeaux 6s. 99% 102% 09
30 City of Lyons 6s.99 A 102'/2 99
84 City of Marseilles is. 99,'? 102}? 99
125 City of Faris 6s. 97% 100% 96%
4 City of Tokio 5s. 80% 83 797,
36 Dom of Can 5s 1921. 98% 99 96%
10 do 5s 1926. 98'4 981/2 96% ]
22 do 5s 1931. 97% 98 96%;
26 Imp Jnp lut ser 4V4s. 91% 92% 86%
4 do 2d ser 4 4?. 93 93 85%
60 do 2d 4 4s Ger stpd 87% 89 84
7 do is . . . 80% 80% 75
2 Rep of Cuba 5s 1904. 99% 100 92%
10 do 44? .85 85 82
748 UK of GB&I 5V4s '19.100 101 99%
122 do 54s 1921 . 98% 99?/? 97%
392 do 5 V. 1937.99% 101 a-* 98( 2 !
4 U S of Mexico 5s_ 69 79% 61
? do 4s .55 61 50
3 N Y C 4 4s '57 May. 102% 102% 100% ;
3 do 4Us 1957 Nov. .102' 2 102% 100% .
13 do 4 4s 1963.102% 102% 100
8 do 4 4s 1965.102% 102% 100% !
I do 4'*.s 1967.100% 102% 100%
12 do 44s 1900.97% 97% 96
3 do 4%s 1961. 97% 98 96
4 do 4s 1957.92% 92% 90% i
State Bonds
33 Va df 6s Brown Br ctfs 69 79!/3 61
Railway, Industrial and Miscel?
laneous isgues
7 Adams Exp col tr is.. 65! a 67'-a 59
1 Alas G M cvt deb 6s s A 29 35 26
1 do cvt deh 6s ser B. . 30 34 26
27 Albany & Susq o%?... 79'A 79! ?> 73%
.".Am P/ist Tel 5s. 89'/$ 89% 89
61) Am Smeltintr 5s...... 91 93 89% |
89 Am Tel & Tel col tr 5s. 92 04 90
8 do cvt 14?. 91 91 85' a
269 do cvt 6s.104' '? 104% 100% '
25 do col Is. 85'. 4 85' 2 8334 ;
1 Am W Paper 5s ctfr... 89' 2 90',2 84
3 Ann Arbor 4s. 55% 58 54 % ,
26 Armour & Co ri es i'os 88',8 88% 86 !
30 A T &? S V Ken 4s.... 82% 85' 2 81' 4 :
1 do adj Is. 76 80% 74' ? !
29 do adj 4s stamped... 76'.4 78% 74 j
32 do cvt Is I960.1003.4 101 93%:
.".Atlanta & Rirm 4s.... 76% 80 74 ?
6 Ail & C Air L 5s ser B 95% 97% 93%
1 Atl C L 1st con 4s_82! 2 89% 80%!
1 do unified 4'..?. 83% 87 82
2 do L & N col tr 4s.. 77!4 78% 73%!
16 Bait & Ohio rfg 5s... 79 82% 76%
120 do cvt i'..s. 80 80 73
10 do Kold 4s. 78 82% 75
22 do prior lien 3'As... 89% 89% 88
2 do it'?a Swn div- 84% 86'4 83
? ?Beth Steel 1st ext 5s.. 96 96' 2 95' 2
27 do rf.c: 5s. 90 90 87'
130 do p m ?s. 86% 86% 80
?'it Braden Copper 6s. 97 97 92%
20 Bklyn Rap Tr con 5s. .. 66','2 76 62
128 do 7s. 83 84'/2 75
2 do cvt 4s. 43% 53 43
2 Bush Terminal 4s. 81 81 80%
12 Cal Gas & Electric 5s.. 93'.4 96% 92%
30 Central Foundry s f 6s. 80 82 78
5C of Ga Ray con 5s.. 93 93% 89
7 do p m 4s Chat div.. 74% 75% 74%
52 Central Leather ?en 5s 97 97 95%
21 Cent Pacific grtd 4s... 79% 83 78
4 C R R of N J 5s.102% 105 102
1 Ches e> Ohio con 5s_ 98% 99% 97'4
551 do cvt 5s. 91% 91% 84%
16 do gen 4'2s. 80% 83% 77
89 do cvt 449. 84% 84% 78
5 Chic & Alton 3s. 53 54' 50
32 do 34?. 38 40 35%
21 Chi Bur & Q Ken 4s... 82% 83% 80
2 do 4s 111 div. 84% 85% 82%
20 do ext 4s Neb div_ 92% 93% 91%
ISO do joint 4s. 95% 96 95%
2 do joint 4s reg. 96 95% 95%
1 Chi & East 111 Ken 5s.. 77 77' 75
10 do Ken 5s Tr Co ctfs. 77 77 70%
38 do ref & imp 4s. 35 35% 25
95 do rfK 4s Tr Co ctfs. 36% 373J 22
3 Chi Gas L & C 1st 5s. . 85 85 85
29 Chi Gt Western 4s. 62% 63'4 59
19 C M & StP cvt 5s ser B 80% 81 % 75% I
12 do gen 44s. . 82 84% 80
47 do cvt 44s. 79 81% 75
56 do rfjr 4 4s. 72 74% 68 :
1 do Ken 4s ser A. 73% 76% 72
2 do 4s 1925. 84% 85 81% i
77 do deb 4s 1934. 73 737B 70% |
7 Chi & Norwn Ken 5s. . .100% 100% 98%
10 do Ken 3 4s. 71 73% 70
5 Chicago Ry Co 5s. 773/5 81 71'4:
21 C Rl & P Ry gen 4s.. 76' 79% 74' I
119 do rfjr 4s. 74% 75 68% '
2 Chi St L & N Orl 5s. . 96 99 94% I
7 C StP M & O con Cs. ..107 107 105
1 do deb 5s. 95 97 92' 8 I
21' Chi Un Stn 44s ser A. 85% 89 85
8 Chi & Westn Ind 4s_ 65 65 61
99 Chile Copper cvt 7s. ... 119 120% 1033,8 !
260 do col tr 6s. 92% 93% 81% I
111 do 6s rets part pd... 93 93% 82% 1
1 Cin Ind Stl, & Chi 6s. .104 107 103' s j
17 C C C & St L deb 44s. 80% 80% 76
80 do St L div 4s. 79% 80 73
6 Colorado Indus 5s. 76% 77% 73%
; 14 Col & So rfg 4 4s. 80 80 77%
1 16 Comp-Tab-Record 6s ..84 85 82
! SO Consol Gas cvt 6s.103% 1043^, 100
1 Corn Prod 5s 1931.100 101 100
I 15 Del & Hud cvt 5s. 93% 953'4 90%
17Denv & Rio Gr rftf 5s. 56% 66% 45
13 do con 4s. 74% 75% 66%
1 Detr Ed Co rfg 5s 1940 93 94 93
12 Detroit Un Ry 44s_ 75 81 % 71
2 Distillers Sec (orp 5s.. 90 91 89%
5 Duluth & Iron R 6a_ 95 95 92%
3 Elgin .loi & East 5s... 96 9S 93%
1 Erie 1st con 7s.100! a 100% 99%
' do prior lien 4s. 69 70% 65
25 do gen lien 4s. 56% 57% 52%
do convert 4s ser A. . 52 52 46%
1 19 do convert 4s ser B. . 51% 52 46
40 do convert 4s ser I). . 54 55 48
1 Erie-Gen Riv RR s f 6s 98 101 95%
2 Evansv & T II con 6s. . 95 98 95
13 Geni Electric deb 5s... 99'% 101 97%
4 Ga Pacific 1st 5-6s.100% 100% 100%
I 5 Gt Northern 4 4s. 87 89 85
I 241 Gr Bay & Westn deb B. 13% 14% 6%
i 80 Hud & M rfs 5s ser A. 62 65 5434
: 95 do adj inc 5s. 17% 18% 14'
6 IC & CStL&NO jt 5s s A 91 94' 8 87%
2 111 Centl ref 4s . 81% 84% 78%
9 do 4s 1953. 76' 77% 73
8 Illinois Steel deb 44s.. 86 86 82%
6 Indiana Steel 5s. 98 98% 95
Price 1
Week's-1919->
Sale? (000 omitted). close. High. Low.!
960 ?nterboro-Met V,.t>_42% 43% 27?8
50 do 412s ctfs. 40% 40% 30
395 Interboro R T ref 6b. . . 72% 74% 65
17 Int Agricultural 6s.82% 82% 76%
70? Int M Marine s f 6s. . .103 105% 97
1 Iowa Central 1st 5s... 80 80 76%
4? do rfg 4s . 46% 47', _ 42
20 Kan X! Ft S & M 4s... 71 76% 66%
8 Kan City So 1st 3s.61 64% 60
22 do 5s.86% 88% 81%
33 Kan City Ter 1st 4s... 79% 81 76
1 Keokuk & D M 5s. 70 70% 65
2 Lack Steel 6s 1023. 96% 983^ 96
10 do 5a 1960. 92% 93% 86
! L S & M So gen 3%s. .. 72% 73 71%
6 do deb 4s 1928.88% 90 86%
3 do deb 4s 1931.87% 89% 86
16 Lehigh Valley Os.102% 102% 101%
2 Liggett & Myers 7s_113% 113% 111
9 do 5s. 95 95 90
5 Long Island deb 6s '37. 75 84 74%
21 Lorillard Co 6s. 93% 93% 89%
2 Louis & N col tr 6b '31. 97% 100 97%
23 do unified 4s. 86 88% 83%
2 do 6s St Louis div... 101% 101% 100
4 Mich State Tel 1st 5s,. 91 92% 90
88 Midvale Steel cvt 5s... 89% 89% 86
1 Mil L S & W 1st 6s. . .101 101 100% j
10 Minn & St L con 6s... 78 73% 76
34 do 1st rig 4s.47% 48 41% I
?MStP&SSM 1st con 4s. 86 89 83%
7 Mo K & T 1st 4s.67% 69 62
4 do 2d 4s . 34% 37' _ 29
6 do 2d 4s Tr Co ctfs. . 35 36 28% I
in do rfg 4s Tr Co ctfs. 41 43 41
1 Mo Pacific con 6s.99' '8 100 98% j
2 do rfg 5s 1923.93% 94% 91%
10 do rfg 5s 1926. 92 92 88%
180 do Ken 4s. 62% 63?, 2 57%
? Montana Pwr Co 6s s A 92 95 91
2 Nash C & St L con 5s. 99 100 98%
RKew Orl T & M 6s s A 95 97% 94
94 do inc. 6s . 64% 58% 50
156 N Y C & H K deb 6s. .. 99% 100 97
9 do deb 4s 1934.84% 86 81%
8 do rfg 3i~s. 711 2 73 70
! do con 4a . 77 77 73%
1 do rfg 3V?a reg. 71 71 71
2 N Y C L S col tr 3%s. 67% 68 64%
1 do Mich C col tr 3M?s. 67' 8 70 65
16 N Y C & St L 1st 4s. . 82% 83 80
20 do deb 4s. 74 75 71
6N Y Connect Rys 4%9. 85% 86% 84
6NYGELH & P col 5s.. 93 94 91
1 do pur m 4s.7234 74 69
23NYNH&-H cvt. 6s 1948.. 82% 88 80
3 do deb 4s 1956.49 52 49
7 do deb 3 V-s 1964. 50 52 50
7N Y Rwy rfg 4s. 45 45% 39
149 do adj C.s. 15 16 10%
? ?lo ndj 6s ctfs-. 1434 143% 11%
1 dn 41.S. 52 62 52
27 N Y Tel gen 4 ?4?- 89 91% 87%
46 N Y W <fc B 4 V4?. 53% 64 42%
1 Niagara Kails Pwr 6s.101 101 95
1 do 5s. 95 961* 93%
(Norfolk & So 6s.89 89 85
HHNorf ?t West cvt 6s. .. 109% 110% 105%
1 do con 4s. 82% 86% 81
3 do divl 4s. 80% 82 79%
1i> Nor Pac Term 6s.107% 107% 10/%
in? Nor Pac prior lien 4s. . 82% 86 82
I I do gen 3s. 60% 61 % 58%
I Ontario Lt & Power 5s 90 91 89
1 Oregon & Cal 1st 5s.. 99% 99% 96
1 Ore Short L 1st 6s_101% 10 I % 10Q3B I
7 do con 5s. 98 987/s 96%!
33 >>.o rfg 4s. 87% 88 84%
21 Orc-\V H R & Nav 4s. . 77 79% 75'? '
M'ac Gas & Eleo 5s.... 86% 88 85% |
; Pac Tel <S: Tel 08. 92% 953-8 90% !
30 Perm R R con A\_a... 95 961 2 93% ?
70 do gen 4V?8. 87% 8934 84% |
1 do gtd i'-.n 1921_ 98 98% 973?
inn do con 5s 19C8. 95% 97% 94
13 do 4s 1948. 87 89% 86
J Peo G & C of Ch 5s.. 76% 77% 73
9 Peo & East 1st 4s- 60% 60% 50
20 do income 4s. 29% 30 1?
1 P?re Marquette 4s- 71 72% 68%.
26 do 5s. 89 90 83% !
31 Phila Co deb 58 1922.. 93% 94 91
1 Philippine Rwy 4s.... 54 54 45
Sn I'ierco Oil 6s 1921.10e! 112% 88
84 P C C & St L -('?s s A 92 94% 92
2 Prov Sec Corp deb 4s. . 40 40 40 '
3 Pub Serv of N J 5s. .76 80 75 j
46 Reading gen 4s. 83% 86% 823a i
2 do CRR of N J col 4s 83' _ 85 82' 4 '
3 Rep 1 & Stl col 5s 1940 96 96% 92'%
3 Rio Gr ce W 1st 4s_ 72' , 73 63% ;
14 R I Ark ?r L 4%s.... 70% 72 67
Id St L I M & So gen 5s 95 96% 94
t do rig 4s. 81 82% 77 '
12 do 4s R & G div_ 77% 77% 72% ,
ldO St I, & S F pr 1 4s s A 63 64 59
15 do 5s ser B. 78 79% 73% !
109 do adj 6s. 70 71 63
130 do inc 6s. 53% 56 40% !
USt L Swn Term 5s_ 64 64' '2 58% ?
2 St Louis Swn 2d 4s... 60 60 58
7 do con is. 64 64 57JA
5 St P M & M con 4s. .. 88 88 88"
1 do 4s Mont ext. 85% 88% 85' _ 1
7 San An & Ar P 1st 4s. 66'% 68 64% ,
16 Seaboard Air L adj 5s. 51% 53% 47%
1 do 4s stamped. 71% 74 70
3 do rfg 4s. 59% 60 57
49 Sinclair Oil s f 7s. 99% 100 95
2 do s f 7s with stk w.145 152% 98%
10 So Bell T & T 5s. 92% 93% 90
1312 Southn Pacific cvt 6s. .112% 114 100
5396 do cvt 4s. 86% 8734 8234
45 do col tr 4s. 76% 77' 75
14 do rfg 4s. 81 83% 79%
1 do San Fr Ter 4s_ 77% 80% 77
2 Southn Pac Coast 4s. . . 92% 93 92%
11 Southern Ry con 5s.... 94% 96% 92%
39 do gen 4s. 68% 69 66
6 Tonn Copper 6s. 94'/, 94% 91
1 Ter RR A of StL con 5s 93% 98' 8 93%
22 Texas Co cvt 6s.103 103 101%
4 Texas & Pac 1st 5a_ 92 92 87' _
31 Third Av rfg'4s. 58% 533-4 50
302 do adj 5s. 41% 42' , 25
1 Toi StL & W 50-y 4s '50 55 55% 45
7 Union Pacific 1st 4s.. . . 86% 893/4 84%
66 do 6s.103(4 105 10234
26 do cvt, 4s. 88% 89', 4 85%
31 do rfg 4s. 81% 83% 79
109 U RR of SF 4s TrCo ctf 33 3434 22
?7 I'n Rys of StL 4s. 50% 52% 48%
80 U S Realty & Imp 5s.. 76 77% 60
27 U S Rubber 7s.103% 104 1023-4
390 do 5s. 893a 89' ', 853a 1
1 TJ S Smelt R & M 6s. .104% 104% 9734
109 U S Steel s f 5i.100% 101% 99%
1 Utah Pwr & Lt 6s.88% 89% 88
2'.' Va Car Ch cvt deb 6s. .102 102% 100%
4 do 5s. 9734 97% 951/4
6 Virginian Ry 5s. 92% 94% 89%
12 Wabash 1st 5s. 95% 98% 93%
4 do 2d 5s. P7 89 83
l Washington Ter 3 4s.. . 75 75' ', 75
25 Western Electric 5s.... 973<4 99% 97
l Weitern Maryland 4s.. 62% 63 57% :
4 Western Pacific 5s. 84* 4 86% 81%,
16 West Un real est 4%s. 86 87% 86
5 West Shore 4s. 79% 81% 75
10 Wheel & L E con 4s... 64% 65%, 59%
66 Wilson Co 6s. 99% 100 96%
SWinston-S Southbd 4s.. 75 75 75
10 Wisconsin Cen gen 4s.. 76 SO 76
1 do 4s Sup & D div... 75% 75% 72%
47 Wilson & Co cvt 6a. . . .100 100 99%
Japanese Quit Farm for Factory
Over 175,000 people in Japan aban?
doned agricultural pursuits to work in
new and enlarged factories during the
[rend on the N
Curb Market
Note.?The Tribune assumes no responsi?
bility for the accuracy or authenticity of
curb market quotations. Transactions and
prices for the week ended May 29 were as
follows :
Industrials
Net
Sales. High. Low. Last, change.
12200 ?Aetna Explos. 11% 10% 10%-? %
100 -do 3d ctfs. 11% 11% 11%
500 ?Air Reduc... 60 59 60 + 1%
23('0 ?Anglo-A C C. 13% 18% 18%
400 B-A Tob coup 24 22'. 2 22%? 4%
23'"'' do re?*. 5% 5 5%
97000 Chalmers Mot. 15% -- 12%+ %
800 ?Con Cigar... 63 62 62%- 2%
1200 "do pref_ 97 8/ 97 ? 6
40(111 ?Cramp Ship. 137 125 135 +11
1130 Emerson Phon 9% 7 7%~ 1
400 ?Fairbanks Co 61% 60 61% ? Vz
13500 ?Fam PlavL.,.109 94% 109 -13
38500 ?Farrell Coal.. 57% 55 57 ? 1
9500 *F R T prwi. 353,4" 34 35% i- ' ?
25700 *Gen Asphalt.. 76% 67 76 + 8
4200 ?do pref_114" 106 114 -9
1800 Grape-Ola .... % \k % -
2800 do pref. 1% 1,', 1% -
6S0O?Hall Signal.. 8 6 7%-- 1*i
1650 ?do pref- 19 15 19
1400 ?Hayden Chem 3% 7% 8' s - y,
C?nnn Hupp Mot Car 103B 938 g3.4 - y.
200*1 T of G B S 15% 15% 15%- !,
24400 Int Rubber.... 33 28% 32 ? 3'.'
200 Jones Br Ten. 24'/, 24% 24% ? -'
1900 ?Lack Co Coal 22 " 19 20 ? 1
1400 ?Lib McN <fc L 32 30% 32 -
1750 Lima Loco.... c3 bu bl + 3
1100 ?Man Shirt wi 30% 30 30%- '?;
II3000 Marconi of Am 5% 434 5 -- j/,
9300 ?Nat Anil & C. 39% 34% 36%-- &/?
7800 ?Nat Coal & I. 71% 63% 71 f- 9 '
3400 ?News Print R 11% 10 11% ?
3000 ?N Mex & A L 4% 4 ?!%
?loo ?N Y Savold T. 57 55 66%? V
49(10 N y Shipb'inK. 47 42% 47 4- 6l;
100 N Y Trans_ 17 17 17 + 1
11560 Nor A P& P. 573 5% 534^- '/
1300 Pac Dev Corp. 68 66 68 + 1
3400 Pearson Coal.. 3% 3% 3%-- '.'
B0000 PerfectionT&R. 1% 1 1%-- r
18000 *P Morris w i. 13 12 12%??? \
3750 ?Remington Ty 79 76 76%+ '
400 ?Santa C Sur.. 40 39 39 - 2
15200 ?Savold Tire... 60 56 57%+ '
25o(( ?Simpson Coal. 7'4 6% 678 - %
1900 ?StandardG&E. 41% 38' 2 39 2
50 do pf. 4934 4934 4934
19500 Submar Boat.. 17% 16 164' '
1000 ?Swift, lut w i. 61 59 60 -' ',
2800Triangle Film. 1% 1"8 1 ' 8? 3
2000 *U S L & II. . 238 2! 8 2%-!- ;,!
57000 Un Profit Sh. 3 1%, 2A? 3
44000 U S Steamship. 3'4 2% 3% + i
I ion ?Warren Bros. 51 49% 50 ? 1
3300 Wayne Coal. ... 4 3% 3% -
31000 ?Wright-M Air 7 5^4 6' ? '.
200 ?do pf .85 83 83 4- 2
3800 Weber & Heil.. 17% 16% 16%? '
Standard Oil Subsidiaries
Ne
^nle?. High. Low. Last, chantre
4900 Anglo-Am Oil. 253^ 24% 24% - 1 ;.;
30 Til Pipe Line..197 195 197 + 2
20 Ohio Oil .391 390 39? - 2
1.0 Prairie Pipe L.303 308 308 4- 6
,'io So Penn Oil. . .340 335 335 - 5
? St O of Kv_440 440 440 ?-? 40
671 I St O of N J. .761 733 755 ; 25
30 y t O of N V. .390 388 390 4- 2
10 Union Tank ..136 136 136 + 2
105 Vacuum Oil ..454 445 448 ?-4
Other Oil Stocks
Net
Soles. HiKh. Low. Last. ehanRc.
16055 ?Allen OH _ 4% 3% 4 -
6150 ?Alliance O?R. 5% 5 5%-f- %
500 Alama Duke .. 8% 81 4 8% ??
56500 Amal Royalty. 1% 1% 13/4? Vs
180000 ?Am Vent O. 10 4 9 -
16000 ?Barnett Oil., A r* ft+ %
29600 ?Boone Oil ... 15 13 13%? %
61000 ?Bos-Wyo Oil. 62 60 61 ?
7500 ?Cit S B T sh. 39% 39 39%4- %
19000 ?Com'w'th Oil. 55 49% 53 ? 3
21500 ?Con Am O&G. 1% 1% 1%
57'.?Contl Kef ... 16 12 16 4- 1?/2
65700 ?Cosden Oil .. 12% 10 11%+ 2
20 ?Crystal O&R 1% 1% 1%
300 ?Curman Pet.. 1 1 1 ? %
20OO ?Duke C Roy.. 1% 1% 1%
10200 ?Elford Oil. ... 1 -'4 1 -1- %
8800 ?Elk Basin Pet 1038 9% 10%- %
21300 ?Ertel Oil _ C% 7 7 - 1%
34000 ?Earner Oil ... 20 18 19 + 1
44700 ?Federal Oil .. 3% 2% 3 -I %
19400 ?Glenrock Oil.. 734 7% 7%-- %
33500 ?Gulfport O&R 38 29 35 -
1415 ?Gum Cove 0.123 122 123 + 2
3500 ?Here Pet Cl A 11 10% 11 + %
20200 ?High Gravity. 25 23 23 ?2
29000 ?Homa Oil Co. 58 51 51 - 4
14200 ?Home O & R 39 37% 38 ? %
3700 ?Houston Oil. 144% 130% 130'V 11%
13000 ?do pref- 7% 4% 5' 2 -
3100 ?Hudson Oil.. . 2% 1% 2 - - %
2900 ?Inter Pet.... 32 31% 3134 - %
22.Mli) Island () & T. 8% 8 8% -
: 134" ?Ky Oil & R. . 25 24 24 +11
22200 Kentucky Pet. 5% 4% 5 -
16000 ?Lance Crk R. 1% 1% 1% %
2800 ?Lou Oil & R. 42 41 41%? %
11000 ?Merritt O C. 32% 303-4 31%- 38
15000 Met Pet. 4 3% 33.4 - ' 8
11700 ?Mex Pan Oil. 11% 10', 11%; %
15000 ?Mid States O 2% 1% 1% ? ' .,
4275 ?Midwest Re!'. 190 1S7 188 -
19300 ?Midwest T O.. 138 1% 1%? %
23S00 ?Morton P wi 4 4 4% 43,4
1350 ?Nat Oil . 6% 6 6 ? %
S000 ?Northwest Oil 65 64 65
25000 ?Ohio Ranger. 1% 1% 1% - ' 4
1000 ?Okla & T O. 5' 2 5 5%- %
55000 Omar O&G.. 60 5:1 58 ? 2
8900 ?Orient O & G 6% 5% 6 ? %
?2000 ?Osage N O S 1% 14 134 - -
11200 ?Pennock Oil. 17 16 16%? %
105OO ?Pitts Texas.. 9 3% 9 -
28800 ?Queen Oil.. . 1-1 13 14
L0500 ?Rangeb Oil.. 2% 1% 1%-- %
8600 ?Ranger Gulf. 22 16% 22 u 6
35000 ?Ranger Oil... 1% 1% 1% %
12000 ?Range H Oil. % % ft? i,
9000 ?Rickard T Co 1834 16 18%+ 2%
5000 ?Rock Oil. 1 % 1 + %
2000 ?Roy Prod Corp 1% 1% 1%
44000 ?Ryan Oil.... 6% 5% 6 -
10900 ?Salt Creek Pr. 57 55 56 + %
5450 ?Sapulpa O&R. 9 0% 9 + %
9100 Seauoyah O&R. % u % ?
1450(1 ?Simian Oil wi 50 44% 47%? 3
36500 Sinclair Gulf.. 62% 59% 60%? 1%
43000 Southwest Oil.. 52 46 52 + 4
23600 ?SouthwestP&R 6% 534 6 ? %
23500 ?Stanton . 1% 1% 1% ?-'
14800 ?Sterling O&R. 20 12 20 :- 7-%
lH70fi ?Texas N Pet.. 1% % 1 ? i?
'38000 ?Texas R.O&R- 4' 4 3% 4%+ %
L7100 ?Texana O&R. 55 48 50 + 2 *
?K
Net
! Sales. High. Low. Last. chge.
? 20500 ?Texas P & R. 8' ', 7 8%4- VA
117200 ?Texas Steer O. % % %? %
! 1440U0 ?Texas O & T 1 % %
! 16000 ?Tyopa Oil ... 2 1% 1%-- %
| 27800 ?Texas York P 1% 1% 1%
43000 ?TrioStateO&R 234 2% 2' 2
400 Valverde Oil.. 6% 6% 6%? 1%
? 1500 ?Vera Con Pet. 1% 1% 1%? %
6900 ?Vic Oil new. . 3% 234 3 ? %
18000 ?VirkyTexO&G. 1 & 1% 1% - ?,
6600 ?West Va Pet. \\ % 7B
11500 *W St O&L n. 8% 8% 8%-~ 34
19770 ?"Y" Oil & G. 1% {_ 1%-r- %
Sales.
10200
103300 Alas-Br C M..
58800 ?Alaska Mines.
6100 ?Alaska '/, & C.
9600 ?Allied Gold. ..
16000 ?Amer Mines.. % % %- I
1200 ?Am Homl ?VI.. 1 1 1 -
7300 ?tAriz Butte.. 67 60 65 ? 2
2570(1 ?Ariz Silver. .. 1} % %? ^
3500 ?TAtlanta .... 41-? 4% 4%-I
21600 *.\tl Ores & R. 1'., 1% 1%
I3800 Big Ledge Con % % t|- '
20700 *B<>rber Corp. . % j*a ' 8
5500 *fBooth . 11 10' 10 ?- 1
9500 tBoston Mom.. 72 70 72 -- 6
2300 Buffalo Mines.. 3? |J %
15000 f-BUtte-Det .... 3 3 3?1
300 Hutte-N Y . . . % % %--- ' a !
17000 ?tCaledonia M . 39 36 38 + 2
5000 *c.-,l & Jerome. % ??? A ? -
5900 Canada Copper 2 1% 1JJ4- -fa \
75550 ??Candelaria S 1% 75 1%-r %
15300 ?Cascade S M. 2-% 2-',, 2%- ?
9000 tCashboy . 10 9 9% - % :
12200 ?Corbat SM&M 5% 4 5 --- %
,",7ihi Con Ariz Sm.. l'A iS 1% r?
l500Con Cop Mines 5% 5% 5% ?
9200 Cresson Gold.. ??% 4% 4%?- %.
17700 ?fCrown CG.. 3b 34 34 ? 1
450 Crystal Cop... 1% 1% 1% - ? :
35700 Denbigh Mine.-. % % %+ 5
5000 ?tDiv Charter. 25 23 23?1
2500 ?tDiv Syn of N 16 16 16 - ;
17500 El Salvador Sil 4% 4% 4%? %:
7300 ?Eureka Cr M. 2% 1% 2 ? %
3000 ?Flagg Tun M. 8 7% 7?/2? 1%
6800 ?-?-Florence Sil. 80 SO 80 -)- 2
45300 ?fFortuna Con 80 75 80 f 20 !
5400 ?Gold /. Div.. 1,4 177 84 - - 4
10200 tGoldfleld Cons 18 17 18 ?? 1
34100 ?Gold Gate Ex. 4% 338 3%-f- ?4
200 ?tGold Merger. 4 4 4-1
1000 ?Ham M & S.. 1% 1% 1% - A
27300 ?t'Harmill Div. 25 15 20
23150 ?tHasbvk Div.. ?3 17 20 ?4
2S45Hecla Mng ... 5% 5% 5% - A
7300 Howe Sd w i. . 5% 4% 4% - %
3500 ?tJim Butin-.. 38 37 38 -j- 1
4000 -?-Jumbo Ext . . 13 13 13 1
37000 ?tKnox Divide. 20 17 19 ? 1
100 La Rose Cons. % A ,'? . - |
39000 ?1-Lib Bell Div. 16 13 16
47500 ??Lone Star C. 10 8/2 8%--1%;
45O0 I.i uisiana Con % % -%
25400 *tMammoth O 70 65 70 5
1(5000 "tMacNam Cr 36 30 30
1904.'fMacNam M V 2 99 1 -% + A i
14000 tMcKin-Dar .. 64 61 62 -I
19000 Magma Chief. r>8 % i"? - V.i !
700 Magma Cop.. .36 33 34 + 2
20300 ?Mangan of A % % %-- 14
3000*tMarsh Min. 8 7% 7%-- 1% |
6000 Mason Valley. 3% 2% 3%4 ^4
400 Mohican Cop.. A A A - - j
4000 ?tMecca Div.. 28 25 25?3
9000 ?tMother 1,ode 44 42 43 f- 1
26650 ?Nat Tin Corp 4% 3% 4'/2-r- %j
22900 ?tNev Divide. 17 11 13-3 |
?0000 ?+Nev Ophir M 40 30 38 : 8
22100 Nipissing _ 13 11% 12% %!
I3400 tNixon Nev... 23 21 23 ? 3
2500 ?Onondaga ?VI. 3% 3 3% %
31200 tPotts Canyon 70 65 70 -2
2800 ?Ray Herr_ 2% 2% 2% - - ;
2000 tRochester Min 22 21 21 1
12000 ?tRoyal Divide 22 19 13 --3
1S0O0 ?tSan Toy. ... 12 1! 11 - 1
8500 Seneca Cop C 25' 2 23% 24%+ % !
.'! 100 ?Silver D M.. V/2 1% 1%? '/a
6S500 ?tSilver K Div 29 22 29 ? 4
15000 Silver K of A. 1% 1 1 A ?
49300 ?Silver PI C. 1%, % 1 ? 34 :
31000 ?Simon Silv-L. 7|/4 3% 6 ?
5100 Stand Silv-L.. ??, % -,- |
29500 tStewart . 39 25 30
5S000 ?vSuth Divide. 82 19 19 + 1
l son ?Term C rts. 1 % '
lOOTon Belmont.. 3% 3% 3% ?- '/s
11400 ?Tonopah Div. 9', 2 8% 8%-f- %
11400 Tonopah Ext.. 3 2% 2, - A
250 Tonopah Min.. 4 3% 2% :- %|
1800 ?Tenn Cop rls 1 % 1 ?
2150 United East... 4% 434 4,1- A !
5200 Un Min of A. % % % -
15300 *tU S t'ont M 16% 15 15 . 1%
1500 ?Un Verde Ex 39 38 39 ;- 4
4000 Unity Gold M. 7% 7 7% % ?
1400 ?Victor Pwr M 5% 4% 5%-r- %
9700tWash Gold Q 94 72 93 -20
3600 West End Con 2% 2 2%-- %
14000 ?tWest Tree M 33 30 31 ? :
19600 |Wh Cap Min 19 16 19 - 3 ,
100 ?Wh Knob C p 1% 1 V/t
H 200 ?Wilson Si?v M 1A 1% 11 .
X
Bond?
Net
Sales (000 omitted). Hipch. Low. Last, change.
$210 AT&T 1-y 6s wi.100% 100 100 ??
37 ?Anacon \.b w i. 99% 59% 99% - %
10 ?Can Govt 6s.. 9934 99% 993/4 - -
1 ?C of Ga 6s 1929 99'4 99' 4 9c)i 4
25 ?C R I & P.. 99 98' -> 90
'M 'Hoc'. Val 6s.. 9834 98% 98%-! %.
50 ?111 Cen 5'. s w i 97' , 97' '8 97' 8 %
140 ?Int R 7s wi.. 91%, 90 91%: -,3..
3 ?L C 7s n 1929.100% 100% 10O3(i ? %
5 ?N C&C 6s 1927 90% 90' -, 90?/24 4
8 ?NYT db 6s wi. 101% 101% 101%
220 ?Rus Gcvt 5V'S. 59 45 52 8
690 ?do t'Cs. 67 53 63 5
35 ?StPUD 51-2s wi 99% 99"/a 99%- 1%
5 ?So Ry 6s wi.. 99% 99% 99% -
25'Swift Co rts.. 7% 7 7%--- 3.4
65 ?W Co cv 6s w 1 99% 99% 99% -- 1 4
?Cents per 6hare. tUnlisled.
Trust and Surety Companies
Rid Ask Bid. Ask.
Alliance .. ?35 75 Lincoln T.. I77> 1X5
Am Surety, 07 70 Manuf'rs_ Hi'?
Hankers .. 480 427 Mer T & D. 215
Bond & Mtg 255 260 Metropol.. .. 360 3*0
Brooklyn... 490 510 Mtg Bond.. 93 !tS
Cent Union 4.">."> 465 M T of \V . 105 125
Columbia... 344 31!) Nat Suretv. '.'.-i7 263
Commercial 105 110 N V 1. I & T 785 KOO
Empire T.. 295 305 Now York T 005 615
Km ul ta ble. . 4X0 485 X Y Title.. 107 $113
FarmL&T 460 470| Peoples 290 310
Franklin .. 288 2351 Queens Co. . 70 80
Fulton .... 240 2G0 Realty Asso 85 ?
Fidelity ... 220 230|Scand'n ... 320 _
Guaranty.. 412 41X T G & T... 't!)H 405
Hamilton.. 855 265 Transat ... 170 180
Hudson T.. 130 140 In States . 000 930
tlrvlng T.. 100 800 C S M & T . 415 4.M)
KiiiK's Co.. ??:(0 65(1 C S T Guar. 00 _
Lawyers M 130 135 Wcstch'ter. Bid MO
Lawyers T. 110 1!."|W&B T&M. 105 175
?Includes on.--h.-iir share Irving Trust.
tSee Irving .National "Bank.
?K\ riRlUS.
arket
1-"-if.it: -?OTc-IOTP . IQIft , HM9 10S..40 ~_
-1915 p=zzZ-1916--Z=2 ;-^?ZZZZZ [?~Iijlg-^=j rJan^ r-Feb, ,-Mar-, rAprn r-May-f :June, rJuly,
EiE&zrtt zt zzzfczt?zb ^zmzbz^ J^^^lliTP =*44-t-^-h-4t4^^
lOO^m^pHzE iti^^Ewb: ??-??zgzii qrzi?gfe zggB^
zzrn !4-+?diii. =tl?T i h -:-:=- -U- R-F- ???^ ' p^FR^v ' R ^M -H-+
; 95??jzii%i^^ : : ; ; H ffi ^JJJ?^E^E^eSti
soSgziizzi^
8^lB^tinr-J^?^:zxj:i;V:/\:zzi:iZ|i?izizt. : :.: :?EEzzzzzrizz^^^ 85
! JW^HtEE Y ^ffi: z-fff\JiiizS B: L* CT :^^^??zzzzztzzzzzzzEEzzEztE
MAI_'-4/? :+TMZ|zrz_zpn-it^^^czM ' XCCP?>- ^~v?s+r7 i?uzir?zrzpznp-XiinzrL
? I | j i ? i/| j 1 ; ESEmzaEEzJEK zt3zEirrz=zzz^zz^EEzEE^=zEE=z?
{ i! ! ft / ! ' ii -+--i~l T ' ? i-hf-1-?r-t-? ?j I i -j~\rt?i-r M ) ?H-i-H?I M" I-^-_L_ _i_XL _IZ _I_-?1??J?j?
65 i ? ? i ift i i ? ' i ill--4? -4-H-H-H- -H-r I i ?? -i? i i -H-h--hzH?t?F1--=r:- 6?
, w-^-r^-.r.f).|..r-, , , , -?,,,,, -4-?_,__ ?i????^?^?j?H-t- -ri-h?l?rt~"Zzzz'z?H?h??r?-1?r?HH--?
_i-^-*^ttzzzzzizzTzzzzt?ztz-~H???r I ~1~1-n-?" i?rh??zt-~i-?rrt?i
-+?-+-*>?h-w?i?tt -j-t-e-t-t-h--rtiz? ri i" ' r-?zt?ztzt-jziz ztzt-zt-i
?o ? ? - \? < T-?r* t? 4zztrzrzri?~i??~H?rH~i?~f~ i~H-m?H?r?H~-zt--j?--f 6'
: : : r: ; ; : ? ? \> !"?TTTTr1~?i-t~" ! I 1 ~t~T t H^ir-'T'^H" ~1-M?M?I?T il 1 -Lzz~t-zzzz~z
? , , J \ , , . . , , . ? j j I | I I-'-+44-f-f-r?r-1-r-?-?r?|-H--f 'I -1 -1-4?-1?1? M-f?|?\-?4?1-1
55-tW Industrials' - ? '-? 'I I M-4- ?-1?t?f-??"?j?T?f-4~-i tTlil' -l~Hl3-H-'-"T-5
, . * . . . , , , ..^ -t-H.t?????-1-?i-r-f-4-i-4H-H?H?H?H??-1-r?r-!
: *\i':::::;?: : ri~H : : : : i.-rH r -H--H?|%r~ri?H-1?r ?|?{?I?I-?tt?rnijiztzzzz:?
i i _|ilI ; ?4-? ;.iJ-;:4J4t-Wi#frfF?#r^
The graph above sBows av crage price of twenty railroad stocks in one line and thirty industrial stocks in the othe
?nr th? first bnsmes? day of each month from January, 1915, to December? 1918, and the weekly high, low and closing averag
price, ?ince January 1, 1919. _ L ^ ??mE?E?g .^t?mmsm
Commercial Profit
For Germany Asked
In Helping France
Enemy Believes Great Op?
portunity of Increasing
Industry Lies in Restoring
Devastated War Areas
Foreign Prer.s Bureau
New York Tribune
What seems at first planee a frank
admission of the damage caused by
the Gorman armies, and of the Ger?
man desire to redress it, was published
recently in the "Vossische Zeitung."
A little study, however, confirms the
view generally held that Germany is
still unrepentant. The articles goes
the length of praising Germany for un?
dertaking the task o? restoring France.
which, in the end, is not to be without
profit to the restorer. This task can
only be appreciated, it says, by a visit
to the devastated regions of Northern
France. It gives examples of the work
to be done, selected from an official in?
vestigation made in 1916, and adds 'hat
since that date the destruction and
dilapidation have Kreativ increased.
[n the case of the mining industry
all copper, brass and their alloys have
been removed from the machinery and
(heir replacement will be not only
costly, but protracted. .Most of the
mines have become Hooded through
destruction of pumping machinery and
alteration of water courses, those in
an actual battle area being destroyed
completely. Machine and locomotive
works have been almost wiped out and
for many years there is certain to be
a great deficiency in their output. The
textile industry was one of the most
important in the North of France and
a long catalogue of the enormous
damage that has been done is given. A
shorter account is given of the ruin
of sugar works, distilleries, breweries
and minor industries.
Then follows the moral, from which
comfort is drawn, England and Ameri?
ca will bo able to give little help, partly
because they will have their own af?
fairs to look after, but still more be?
cause their machinery and their ideas
are so different from those, of France.
But here is neighborly Germany, who
knows all about French industry and
who is so quick and capable in making
machinery. What an opportunity for
friendly cooperation and reconciliation!
The French will get what they need
and German industry will be at its
full pitch again. In the words of the
writer:
"A practical share in the work of
restoration by free German labor and
t iie delivery of German goods is the
only form in which German industry
can bear its part of the burden and
is therefore the form that will serve
France in getting what she wishes."
Credit Men to Discuss
Nation's Problems
darter (ilass Among Speakers
at National Association's
Convention
J. H. Tregoe, secretary-treasurer,
National Association of Credit Men,
last night made public the programme
of the twenty-fourth annual conven?
tion, which will be held in Detroit.
June 10-13, with headquarters at the
Hotel Statler. Mr. Tregoe expects
that there will assemble 2,000 of the
men responsible for handling hundreds
of millions of dollars of the nation's
commercial and bank credits.
The morning session of Tuesday,
June 10, will be held at the Washing?
ton Theatre. The other meetings
are to take place in the auditorium
of the Chamber of Commerce.
Carter Glass, Secretary of the Treas?
ury; R. F. .Maddux, president of the
American Bankers' Association; Paul
M. Warburg, former member of the
Federal Reserve system, Edward
James Cattell, of Philadelphie.; Julius
Henry Cohen, a lawyer of New York
City, and W. li. Booth, vice-president
of the Guaranty Trust Company, are
a few of the many prominent men who
are to discuss business matters of
national importance.
F. B. McComas, president of the
association, will nns ?i the convention
on Tuesday morning, when addresses
of welcome will be delivered by James
Cousins, Mayor of Detroit, and A. J.
Peoples, president of the Detroit As?
sociation of Credit Men. Responses
will be made by E. P. Tuttle, presi?
dent of the Boston Credit Men's Asso?
ciation, and E. VY. Nelson, president of
the Lincoln Association of Credit Men.
iSovel MeShod Employed
To Staunch Oil Well
TAMPICO. .Mexico. .May 28.-?The
?guila Oil Company's well No. 4, in
the Potrero del Llano district, after
running wild for some time, lias been
finally closed. A unique method was
adopted to bring the giant under sub?
jection. When it was found that none
of the ordinary devices that were used
in capping previous big wells proved
successful in harnessing the monster
a rush order was sent to the United
States for a special hollow drill. When
it arrived it was used to make an
opening in the concrete cap, beneath
the surface. Through this hole mud,
small stones and other material were
forced by means of heavy pressure
until the hole was tilled and the flow
stopped, lt. is stated that the well
can be cleared of the obstruction
whenever it may be desired to again
bring it into production.
Guaranteed Storks
New York Slo k Exchange . li sins quo?
ta! Ions .'?!.! y 2D .
M vi
Sto :lt an ! Ciua ant ?- ?:? n? BIO Asked.
Albany & Sus <D& II).12.25 100 1S.">
Allegheny ,v W (B i: & P). O !).">. 105
Am Tel & Cable (W ?. .-> (?O " 05
Beech Creek INTO. ?? 20% :t:(
Cana Sou (M C-N Y C). . . . :t 15% IK
Contrai & So Am Tel. (1 110 mi
Clevo ? lY-h (PeniiRR).. 7 (?S>H 70
rlo betr'nl i Penn K R).. 1 ;;s 42
Det Hllsd .t So(LS&MS)... 1 00 05
Kii.-S: Bell (PfililRRI .. 0.10 55 70
? ?old & stuck (w U).o ?.r: <m
Illinois ?'??in I.? as .1 I.in? s. -I KB ?0
?lollt'l & i 1ik.il:,, (C'&A). 7 105 115
Kan Ft Se ,v M (Si l.&SFlpC 1 .,!) ?5
MahCoalRH i uni I l.s.v MS 20 B00 toil
M anil HI an Eli i- (1 R T) ., 7 ?7 'ill
Mexican T? leiiriiph .10 160 175
Minn SI l1 S SM I. 1 ,inea. 1 ?>7-;i 00
Mobile .-:? Uh pf (S ? !; I; ? I -,:, ?<i
Morrln ? !'. . . i ! ' I, A? \\ . -, '? . -,0'.. H<>
NYBk&M l"J pf ? i.t i'i?; i.. :, <r. " - ?
N V <v tin- com (.NYC) II 1 no | ;.,
?I" pf (N V ?'l. ..It ion 125
N' V Lack & W i I? I. ,<? W i . 5 !>?'. UK
Vorthw Tel (AV C 1. 0 .JO 50
Northern (oui (Ponn R R) K ?7 75
rittob Ft W & Ch (B R R). 7 IBB IBT/i
do ?pi (B R 11). 7 ISO 1.H5
Pith MoK & Y ( t. S & M S) 0 M) ?0
R.in?iaelii"r * Sur (DA II) K 115 J25
81* t h Ave tN ? Rya). 7 60 80
Executor Trustee
Chartered 1822
The Farmers' Loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue
At Forty-first Street
London
Administrator
New York
Foreign Exchange
Paris
Guardian
Member Federal Reserve System and New York Clearing House
Ann
wrp
THE splendid defense of Belgium made at Antwerp
by the Belgian Army under King Albert, later re?
inforced by the British, will always stand out in history.
Antwerp, Belgium's chief center of commerce and strongly
fortified position, had in 1910 a population of 302,000. Since
1863, when Antwerp was opened to the trade of the outer world
h}? the purchase of the Dutch right to levy toll, its position has
completely changed, and no place in Europe has made greater
progress in this period than Antwerp.
The following figures explain the wonderful growth of
commerce in recent times: In 1888 4,272 ships entered the port
and 4,302 sailed from it; in 1905 6,096 entered and 6,065 sailed
from it?an increase of nearly 50*^. In 1888 total tonnage was
7.800,000 tons; in 1905 it had reached 19,662.000 tons. Import*
in 1912 were $623,164,000 and exports $588,181,000.
HANNEVIG & CO.
139 Broadway, New York
Marine Financing
Foreign Exchange
Marine Securities
Letters of Credit
Com. & Pref.
Bought?Sold?Quoted
Circular on request
52 Broadway
rb Phone 5316 Bro
Specialist
20 Broad St.
1'!:
Wall Street Profits
Freely Spent in
The Retail Stores
Visitors Who Have Made
Fortunes in Oil Also Are ;
Generous in Patronizing; I
New York Merc h ants!
Most of the retail stores in this city
have done a record business in the past
week. Merchants who looked for a
slump after the remarkable pre-Easter
season are ready to acknowledge they
had misjudged the buying power of the
public, which, according to the man?
agers for some of the leading stores,
is increasing instead of decreasing.
This buying, so the merchandisj ex?
ports say, to some extent has its
source in the big profits that have been
taken out of Wall Street in recent
weeks. It is augmented by free speed?
ing of money by visitors from the
Southwest who have made fortunes in
the oil fields. Neither the high prices
at which merchandise of all kinds is
selling, nor the luxury tax?s, call forth
any particular protest from customers,
the department store managers say.
Early this week in anticipation of
;hr- holiday at the end of Ina week,
women began purchasing their mid?
summer and outing clothes. Sales of
white wash dresses, skirts, white shoes.
etc., symbols of vacation days at the
seashore and mountains, have been
large.
Merchants Here Fortunate.
"New York is in a particularly for
tunate position," said the merchandise
manager of one lar^e Fifth Avenue
establishment. "Wall Street is pros?
perous and the members of the Wall
Street crowd are free spenders. It is
surprising how quickly the New York
stores feel the reactions in the finan?
cial section. Our sales decreased dur?
ing the time that. Wall Street was in?
active. Along with this goes the oil
boom. There are hundreds, yes thou?
sands of people in New York who have
made easy money in oil stocks lately,
and money easily attained, especially
by those who have not had it before.
is just as easily spent. I'll hazard a
guess that 50 per cent, of the profit
gained from oil stocks arc spent on
luxuries rather than necessities.
"The returning soldiers also have
contributed to the general prosperity
of New York. Thousands of soldiers
' are paid off and discharged from the
; army at Camp Upton and other debar?
kation points in the vicinity of New
York. Most of these boys get three
months' pay and their $t?u bonus upon
their discharge. They spend most of
tins money right here in New York.
and not a little of it goes for new
clothes, shoes, hats, etc. They like to
?:.-!il home dressed in a New York out?
fit, since most (?f them never V?34ted
this city before. What they don't
spend 1:1 the stores they spend in other
i places, adding to the general prosper?
ity of the city and ultimately to the
retailers' prosperity."
From the viewpoint of the retailers
"hip business" is not without its draw?
backs. As the president of one- con
cern put it, "We must do rnor? but
ness than ever or po broke. 1 he a
pense <>f doing retail business hi \
more than doubled in the last ff>
years. While the higher prices c
merchandise, based on the old pc
I centage of profit yield us a greatr I
I net return, this advance is not guff
cient to cover our increased expense:
The retailer to-day who is not doint
more business than ever before is loi
uig money."
Caution Not Lacking
Back of the vast buying that is tak?
ing place the merchants harbor a fet?
ing of misgiving. Though the pub!.'
does not object to higher prices o'
merchandise, the retailers do. Stone!
of buyers who feel that the rnerchar
dise they are purchasing ?s too exper.
sive for the public, only to find tit
public takes it and demands even mot'
expensive Roods, are common. Tk<
merchants wonder how far this will gc
and where the limit is.
Meantime they work overtime tc
supply the wants of their customer*
They admit that the present market?I
a "strong seller's market," and the'.
merchandise in most lines is hard ti
get, even at advanced prices. Most o??
them have broken away from the hair
to mouth policy entered upon shortb
after the signing of the arm.'tice a*
are anticipating their demands further]
ahead.
Still, few of the larger stores ID
"plunging" on merchandise stocks >;
present. Most of them laid m stofi
for next fall a little earlier than usual'
but are inclined to await development!
before planning purchases for n?:
spring.
New Use for Salt CrysUk
experiment Proves Them (rooi
Kneergizer of Current
Common Rochelle sait crystals d!
b. used to energize electric current
in sound transmission over the VP
phone, according to an announces*
made by A. M. Nicolson, before '
Syracuse Section of the Amer?1
Chemical Society. Mr. Nicolson, *?
of the engineers of the Western El'
trie Company, in a recent experma
before the New York Electric >?-*'fI
was able to supply a current of "
ficient velocity to carry the sound*
phonograph through many circuit?
160 telephone receiver- diatriba**
among the audience. 1W- had c?r-'
to thus utili; e thi prop* rt es a* jf
salt in connection v ith his -v-"'1 'n
research department of lb comp?*
with which he is connected. Hi? **
periments began shortly after
United States entered the ***' 5
, were conducted for the purpose of ^
: proving the telephone. Compart?**
, few details were given <0i,iCernlf
: them, however, because the Navf ,fc
partaient did not wish discover?* f
this nature made public iiur?r? " 1
tilties. ,. ,,
The current generated b> . k.f
lho salt crystals is due t<-> what I?
fined as "pieso" electricity. >-l',r,"(
from the Greek and meaning I'-'
sure." It was first used by the Ft* jj
scientists, J. P. and P. Currie, ?'?thoU(,J|
i the general effect was described ne*?|
? a century ago, and the similar P/^j
electric current was understood ?* 1
peneral way hv the ancient rk?*J
phera, It i? said. _vr?*U*^i

New-York tribune. [volume], June 02, 1919, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], June 02, 1919, Page 16, Image 16
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924