New-York Tribune from New York, New York • 27

Business News fJiHE continued convers.on of goods Into cash by retailers and small jThbeTs 1 last week served to relieve the credit strain to some extent The 5ieht progress being made in clearing up the railroad congestion "aide toward his end. Commercial bankers, however, continued to Tmpreas their clfenti with the necessity for conservatism and liquidation client? Commercial paper and bankers' acceptance rates continued steadv throuch an a far Hirers Sell Piere Manufacturers of women's under? wear, summer dresses and children's garments, because of the slack season they have had. are turning some of their surplus stocks of piece goods into ready cash. The favorito outlet for this merchandise, it is said, is the small town retailer, who is now in the market looking for cheap merchan? dise. The goods that the apparel makers desire to rid themselves of are the novelty fabrics, principally printed goods that they fear will not carry their styie appeal over until next year.

Reports continue to reach the cotton goods market concerning the hifth prices that some retailers are obtain? ing for their goods. Even at the cut prices some retailers offer now, it is said, there is a wide margin between the wholesale and retail costs of goods. The public, it is felt in primary mar? kets, has shown a willingness to pay proportionately higher prices for un? cut goods than they have for ready made garments. Supply Of Staples on Hand Silk buyers who have visited this market recently are convinced that it is impossible to buy staple goods at their own price in any large quantities. The stocks of available goods on hand an the jobbers, who are practically the only branch of the trade carrying any accumulation at present, run largely to the novelties and cheap erad? of georgette and other crepes.

Mosl of the large mills making staple fabrics were far behind on their or? ders and deliveries when the slump in silks came, and as a result have not piled up much stock, they say. Can? cellations, which are being strenuous? ly fought, apply mainly to goods not yet made. The lack of surplus supplies, ac eording to the large producers, is the strongest feature in the market and will prevent any further demoraliza Markets in Other Cities Baltimore ale? i ipen. High. Low.

Last. JOCnml 40 in 40 40 .1.40 140 1 10 1 40 Bank. 41 41 41 41 Ison 27 37 37 6 Kentucky 3 Am S3 2H 23 23 13 lelltv. 120 120 13 4 4 4 4 61 Vi 61 25 Wash, A Bonds 12000 Cnlt Ry in 4s. do 1st 4s.

61 Vi Boston 10 Ahmeek (15 56 Heart Sf Cal 7fl Carson 28 pper Range. 4 0'S 4 20 Davis Daly. ie East Butte 2 Mayflower 7 North Butter 10 0 2 13 61 65 40 10 17 17 18 28 61 54 1 4 14 3 6 Mai 41 40 1 1 i 7'. 7m 70 I 1 01 6 1 do pf. 2i Utah Railroads 22 Boston Alb.124 124 124 1 oston Mass Bleo 3 iio pf 7 'a 7 7 Miscellaneous 3 Am Atr Chem.

80 so 10 do pf Si; 86 7 Amoskeag ht 217 Am T( Tel. 9 63 Am Wool 90 60 mi i Bosl Mex Pet. a Bast? in 36 100 1 ern .23 23 22 Elder 150 Gray 2 4 Greenf D. 60 69 Int 21 21 21 7 0 int Prods 20 20 20 do pf 61 61 100 Indus Gas 21 21 21 18 Island OH 6 6 153 Llbby 60 Loews 10 1 0 i0 .1 lonnor Co Mass Gas 70 76 76 do pf 59 Mex I nv il Leather 1,1 2 Ne? En? Tel. 85 Ohio Body 27V, 0 irpheum 29 29 29 29 19 Pac Mills .160 160 1 160 140 ms 2 1 22 2 1 22 Il il ura I i aldorf 21 21 21 21 Bonds 71 9( 21 6 2 10 1 59 $6000 Miss Rlv 5s.

7 1 Boston Curb Market Bid. Ask Arl? Ext Ariz Bohei la f. Hawk Mon Mai 6 alaveni 2 Mettils 50 5 5 25 Nat I. 4 Bid 21 Con Coi i row Ri a 15 0 Y. 22 24 jCafi il B.2 1 16 Badsden 0 i 0 Hoi jroi I.

Ir i Jei Verde 1: .40 Baltic 15 17 Nixon 10 i inondaga 20 50 19 Pioneer 1 Ranger Pet 15 20 l. 1er i 1 Metals. 15 16 Mi 4 7 Tcxana ..13 14 ill Verde Ex 32 Yukon i i Detroit 110 Continental 9 9 Pel Edl? on. 100 10O 10" Sugar. 1 'i bio HI 1 ID 145 1.45 I ackard do pf.

Ss 150 Motor Car, Philadelphia 41 I 1 12 4 1 11 1 31 1 12 31 4 2 165 K0 Am Stores. 44 161 -ill I supi 25 II 21' 29 mil1 pc pf 31 ..1 31 11 Phil fraction 72 52 62 7 2 'I 981 Phil Eire .21 2' 21 21 1 Toi Belmonl I I I Sf Traetlon. 31 31 i i Imp 42 2 it i 'o 1 65 65 Bonds I.ehlRh Val 62 63 63 8000 do 95 95 95 95 i La ke Sup Inc 7s 7 2 .2 r.2 52 II Elec 1st 6s 82 82 82 82 elsba ti 7s. 98 S3 98 US Pittsburgh 151 kansas Gas. i 12 do pi 1 30 130 130 Gui Gilles.

.27 66 Ind Brew pf. 1 25 La 1 147 147 7" Lone star Gaei 26? 14V, Marland 4 114 Oklahoma lili 50 Puel Sup 30 Ohio Fuel Oil Bonds $6060 puts fis. 70 1000 Brew 50 33 13 13 147 147 4 4 32 33 49 6 0 Montreal Bid A8k Rid Ask Ablt C'i Ames 130 Del Ry.103 105 du pf im Glass 62 63 At Sub Rf Dom Steel.64% Bn TLAP 48 1110 rap.114 1 1 i 1. l.M.vl'C Can Can do pf. (i 103 Pan Ti' Curr Fact .25 Bid Adanao.

3 Ape? AtUs 12 Bailey 2 Beaver Ton 1 Crown Res, Davidson gome gom? Lake. 3 Bargriuvea. 1 98 93 Hi. Benin LUI.121 -i 123 Rlor Pap .139 190 Span Rlv. 95 do pf.

1.H% 185 1 vi 7 77 Toronto AHk Bid Ask 10 Lake Shore. 135 3 Molntyre 2 25 Mn Irp Can 1 2 5 New ray 5 16 Ptrsn Lake 10 16 3 Pore Crown Pr Dome. 1 4 7 5 Tek UK lies 7 14 Ti 8 Vacuum 1 1-16 3 16 3 Dome. '4 tion. The fluctuations In raw silk nre of little interest to the big manufac? turers, who arc in a position to sit back and wait for a revival of inter? est in finished gooda before stocking up on tho raw fiber.

Mfrs. Make Slight Price Cuts Reductions in tho quoted prices for fall shoes arc being made by leading manufacturers, but so far the declines have been slight. On high grado shoes the largest cut that has been reported in the market is $2 a pair on shoes that formerly wholesaled at $16. Other cuts run from 60 cents to $1.50 a pair. So far the reduction in prices has not stimulated buyers to any purchas? ing activity.

Wholesale shoe sales? men assert that the retailers will have to begin placing their fall orders next month if they expect prompt deliveries, but many of the retailers declare they are safe in holding off'until July. A prominent Fifth Avenue shoe re? tailer said yesterday that the liberal response to cut price sales hag eon vinced him that high prices was the chief factor in bringing dullness upon the trade this spring, lie is clos? ing out his high priced footwear at i actual cost, believing that any chance for normal profits for the remainder of the summer season is gone. Heeds of Trade Being Ascertained Definite information concerning the credit needs of the jewelry trade will be presented at the jewelers' conven tion in Atlantic City this week. Ques tionnnires are being circulated among the wholesale ami retail jewelers on which they are asked to state the ap? proximate amount of credit they will need to swing their business for the coming months. The tabulation of these questionnaires will present a fair pictures, it is expected, of the approxi? mate amount of money that bankers will have to furnish the trade if it is to proceed without a hitch.

Business Troubles Assignments MANLY DRIVE COMPANY, a New Jersey corporation, with offices at 15 Bx chansa Place. Jersey City, and 250 West Fifty-fourth Street, this city, yesterday assigned for the benefit of creditors to Th? loro M. Crisp, of 411 Park Avenue. Charles M. Manly Is vice-president of tho company.

Judgments Filed In New York County The following judgments were filed yes terdav, the first name being that of the debtor: Azario, Margaret $1,060.80 Brorisky, C. Tire and Rubber 256.33 Buehler, Gordon. Barth, Norbert (Vanitie Dress Co.) S. H. 1 Inc.

Cushman, Arthur 77. and Mabel Avenu? Bank of New Rochelle. Coateucas, Chamnelis 170.70 Bfficlencj Auto Delivery Con Trusteos of the Sailor's Knug Harbor in the City of N. 701.05 Edelstein, Maurice i East? rn Woolen Co.) D. Pre i man.

829.12 Pagelson, Harry, and Harry Mart People, t--. 200.00 Franco-American Chemical and Alfred P. rtobltallle A. IX. Export and Import costs.

171.05 Grossman Picture Film and Film Folk. Inc. 164.45 Harna, Earl Lebuis. Hey? Blanche A. V.7- .1.

M. Bai rett. 6,130.92 Interborougli Rapid Transit Purcell. 1.65?.50 Kendalito T.eddy. Levy, Samuel, Amster isn Casualty Co People etc.

600.00 r.oscarnr, John A. 444.20 Luge-man, Dress Mfg. Co Inc. 1.IIS.10 Magulre, Samuel Con? nelly 1,090.66 Motley, Alfred H. jr.

-Saks Co ISO.17 Plncus, vt. Wise Inc. 104.55 Tl tnelis Bros Co inc. J. 77 Emanuel et al.

1 24 Ed? arel 1. Coleman and Join? J. 1,248.61 lu lit-onx Count) At ena, John M. B. Ferris Jackson, Edna A Ennl 153J6 eyd Louis and Agin 1,113.73 Satisfied Judgments In New York County The first name that of the debtor, the second that, of the creditor and date when judgment as fil? A ndei son, Edward I.

-E Byrd 12, 1920 joo.OO I Export Agency, and David Herman Bruern Painting and Building Co. I leo. 29, 1919. .1330 65 I Will.ain and Ul? rich Russo: Dec. S.

101!) jog Jordon, Frederick and Charles Mann Commercial Dispatch Addressing ami livery Co Dec. 22, 1014 1 -r, Sheffield Farms Tan nenbaum; April 27. i 356 '0 Traul A alter, Stephen H. elsh May I 1920 7 Mc? 'i. May" i' 247.51 657 71 Holidays This Week In Basutoland, Bee i a land, Panama (probaby), South African mon.

In the United States: Arizona, Ar i kansas, California, Clorado, Connecti? cut, Delaware, District of Columbia, Idaho, Illinois, Indiana. Iowa, Kansas, Kentucky, Maryland, Massachu? setts, Michigan, Minnesota, Missouri, Mont.ma. Nebraska, Nevada. Now Hampshire, New Jersey, New Mexico, New York, North Dakota, Ohio, Oklu honia. Oregon, Pennsylvania, Rhode Isl? and, South Dakota, Utah, Vermont, ginia, Washington, West Virginia, Wis? consin Wyoming; also Alaska, Hawaii, Philippine Islands and Porto Rico.

Tuesday In Brazil (Stale of Goyas); west? rn Australia. Thursday In Argentina. Austria, Bahamas, Barbados, Basutoland, Bo 1 livia, Brazil, British Guiana, British Hoduras, Canada, Canary Cay man Islands, Ceylon, Chile, Costa Rica, Cyprus, Dominican Republic, French Guiana, Germany, Gibraltar, Guatemala, Ilayti, Hong Kong, Hungary. India. Ja? maica, Leeward Islands, Malta.

Mauri tins, Mexico, Newfoundland, Now Zoa land, Nyasalnnd, Peirn, Rumania, vi.tnt (Bangkok), Spain, Straits Settlements, Swaziland, Tasmania, Trinidad and Tc Lago, Turks and Caicos Islands, western i Australia, Windward Islands. In the United States: Alabama, Ar kansas, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee arnt Texas. Friday In Egypt. Saturday In Denmark, Iceland. To Fight Cancellations Cancellations of orders by retailers 1 has hit the waist trade so hard that tho Waist League of America has passed resolutions calling upon its members to cancellations, and insist upon acceptance of merchandise tendered for delivery, ami that the members affected take action i uolly and through this association to protect their interests to the full ex tent of the law." Polish-Aincr.

IBank for Warsaw lr- order to promote commercial re lations between the United States and Poland 8 Polish-American bank has recently been established In Warsaw, with offices at Ulica Zgoda 9, under the I name Central Bank for Commerce, In dustry and Agriculture. It is organized I "for the development of the fundu i menial industries of Poland." Norway Limits Profits On Imported Motor Cars Maximum of 15 Per Cent Al? lowed on Cheaper of Automobiles The Norwegian Price Control Com? mission has issued regulations cover? ing tho sale of motor vehicles limiting I the profits of dealers in foreign cars I to 15 per cent on the first $2,000, 12Va per cent on the next, and 7V? per cent on any amount above $3,900. This regulation became effective as of February 15, last. The percentage of protk is to be based on tile actuaf cost i of motor vehicles laid clown in Nor? way, including cost, freight, insurance and duty. Prior to the war, dealers were ac? customed to figure on a profit of ap proximately fiO per cent, "but about a year ago the commission fixen 1-3 per cent as the maximum profit.

This arrangement was xaccepted by the Automobile Importers' Association without protest. The present regula I tjons, however, are being opposed on the ground that the commission is ex ceeding its authority in attempting to regulate prices on merchandise of this since its authority is limited by I 'aw t'le control of the necessaries of life. The commission, on its part, defends its present action as a part of the general policy of restricting all imports with a view to forcing more favorable exchange rates for the Nor? wegian crown. 1 he automobile association is com? posed of some twenty dealers in dif? ferent parts of the country. There are about ten dealers not connected with the association.

The body was i brought into existence during the war in connection with the difficulties growing out of the blockade and the 1 restrictions related thereto. It is pointed out by the associa? tion that the present price regulations will seriously affect the handling of the better types of pleasure vehicles i and trucks of American manufacture. An agent of an important American plant says that he has under order for delivery during the spring and summer 500 passenger cars and 100 trucks, but that he may have, to can eel the entire order and take up the I handling of other lines, as the profits allowed by the regulations do not give a margin sufficient to cover time, i experience, capital and risks of trade. American cars of all kinds have won i a high reputation in Norway during the last year, and the demand "has been I far beyond the ability of plants in the United States to make delivery. Jap Sugar Market Recovers After a period of depression in the Japanese sugar market, a recovery was noted the latter part of April when centrifugal which bad been Averaging ".7 yen a picul, reached 41 yen, while refined sugar had gone i over the 50 yen level.

This was re ported as largely due to the efforts of the leading sugar dealers to improve I the local market conditions by reduc- I ing the local visible supply through unloading their speculative accumula i tions in foreign markets, principally i in the United States and Canada, even though such foreign sales were made at from li-1 yen to yen. (The picul is equivalent to 133 1-3 pounds and the: normal value of the ven is $0.498.) I Norwegian 'Sank- Amalgamate At the annual meeting of Bergens Handelsbank it was decided that the proposition advanced by the board of directors, relative to the union of the I bank with Den Norske Handelsbank, of Christiania, be accepted. Bergens Handelsbank was organized June 1C. I 1910, with a capital stock of 10, 000,000 crowns Hen Nor 1 ske Handelsbank was established in 1886 and had on January 1, 1919, a capital stock of 41,111,200 crowns omm( CEREALS Wheat? If there nny ncrvousnnss In (he market yesterday over the fact that the States Grain Corporation will ase operations on Monday and the kov ernment erice of wheat to the farmer vil! withdrawn at that time, It was not apparent In the action of valuta, The Minneapolis market declined cents the day, but closing there for N'u. 1 Northern spring wheat were $2.05 to or 77 to 00 cents above government basic price which has In force for tho last two years At the seaboard and ut gulf ports firmer and reflected a continued active I demand from Europe.

The BrltUh com I mission was again In 'he market on Sat? urday and accepted practically ail the wheal offered them on ovvrnlghl cables. Sentiment In th? riarkel was very much divided. argued the world's supply and demand situation was suffi cl? ntlv strong to hold vnlues around present levels or to bring about future advances. Others said that the crop prospecta In America are Improving too rapidly to justify higher and predicted thai ir the last analysis the American crop i will prove to tie- dominating factor. market was feverish, with a ciulct trade.

Early in the day prices experienced on upturn of two to three I cents per bushel on covering, due to re- I ports thai Argentina had discontinued the shipments of wheat. This was later cor? rected, but while prices reacted from the advance, the late months closed lirm. The May position declined a cent a and was on an even basis with rush corn. Th" question now being discussed Is whether or not July will advance to the cash level whether cash corn come down to a basis with July. This will undoubtedly depend largely on the volume of the movo ment In tin- future, and to the outlook for the new crop.

The ear situation continued to Improve and It vus generally believed that much larger receipts will be experi? enced at primary points next week. Yesterday's Previous Toar New York: close. --lose Torn No. 2 yellow. I July 1 we? little Individual feature In tue market and pr.lces were Influen.I largely by the action corn The May position closed at advance for the day and final figures were under the high point of the season, which was earlier In the month.

Cash markets in the West wore lower, but the local market was again nominal on accoun? of small ar? with tho leading grades quoted at $1 40? $1.43. Yesterdav'? Previous Year New York ajo. No. 7 White. 47, $1.

I0(Q 1.43 $0.70 Chicago Mav. 1 r'4 July.81) firm. Testerday Previous Year Noi close GC'i Flour and were: Yesterday'! Previous close. clos? 1 -t i2.no???i cV, 4 i 7 i ti i.r.n R.flour i. ft (ft 11.S5 11 11.S3 i) Bran.

01.00 vi -42 Cottonseed Oil The-? was llttie feature In the market, and In the absence of Incentivo there vas little disposition to trade either way The cash demand was slow, and this together with a show of heaviness tn caused a decline of 15 to points I under very moderate selling. Total sales I for the day wen- 4.200 barrels. The of pries follows: Ft! 'ay's Open. High. Low.

Close. close. gpot 19.00? 19 00 I June. 18 7Sfi 19.20 1- 80 18.t'O 18.90 18.84 19.00 18.90? 18.05 19.10 I Sept 1907 19.05 IS.7? 18.9D?f}>18.98 19.15 0cl 18.60? 00 is 50 17.80 17 Si? IS SO 17.004?18.00 17 so Ji.il.... 17.25018.00 17.70 Butter, Cheese and Eggs ltiiMrr- Receipts were 4.7t".l packages.

Creamery, higher than lb. GO 61c: score, firsts, 90 to 91 score, firsts, acore, 65 P56Mic; seconds, S7 to S7 score. le; lower grades, held, common to choice, 4 58c; unsalted, higher than extras, extras, lusts, ti0c seconds, dalrv tubs, tinest. 68V4 V4c; good to prime, 64 (/j.B7c; common to fair, renovated, extras, firsts, ladles, cur? rant make, firsts. seconds, 17..: lower gra.le.?.

paiklng stock. current, Ha. 1. 41 No, 2, 40 lower grades, 37? 40c. Cheese Receipts were 2.237> boxes.

State, whole milk, fresh flats, Oolorod or whiles, 23 stc average run, 27 Ontario Potatoes for U. S. Canadians Make Good Profit on Shipments lo Markets A largo portion of the available pota toes in Ontario Province duding: its way to the American market. American buyers are paying $5.50 a bag (9? pounds) f. o.

b. Ontario points, and will take any amount that is offered aro glad to ffci then? Ten carloads recently left a Canadian town for an American center ami twelve more carloads a few days later. The only reason that largo quantities are not being shipped is due to tho railroad strike, which is causing shipments to bo held at border points and, in a way, is practically an em? bargo. Apparently, the lack of transpor? tation has hail no effect, upon (lie American buyers who are operating in Ontario. As to the quantity still avail? able, nothing definite can be learned A shipper stated that by sending po? tatoes to tho United States he benefited by the rate of exchange.

"American buyers," be remarked, "come iTlt.o our warehouse and olTor $5.50 a bag, and even buy cars at. that price without en touching them. Tin pay tho cost, of the potatoes and also prepay freight American money. The exchange on a bag at the present price is around 60 cents, and as a car contains about -150 bags, the profit, on (he car in exchange is about In this way we are able to make a little profit." New Shipping Consolidation Formed in Southern Sweden It is reported from Landskrona, Svve i Hen, that the three shipping compa I nies Percival, Ocean and Torleif have decided io merge their respective undertakings in one large stock com- pany. Tie paid-in capital will be at least 1,000,000 crowns ($268,000) and at most 3,000,000 crowns ($801,000) and at new company, which will bo known under the name Ocean, will operate seven steamers.

Bis; Gain in lo Argentina Exports of American textiles to Ar? gentina increased fiftyfokl between 1913 and 1918, says Trade Commis? sioner L. S. Carry in "Textile Markets of Argentina, Uruguay and Paraguay," a bulletin just made public by the Bureau of Foreign and Domestic Com? merce, Department of Commerce. Tak? ing advantage of the exceptional con? ditions brought about by the war, I manufacturers of such articles in the United States succeeded in selling I $18,814,000 worth of merchandise to the Argentinians in the fiscal year pre? ceding the armistice, as compared with sales amounting to only $312,000 before the outbreak of hostilities in Europe. The United States now occupies the second position as a supplier of textiles to this importan' market, furnishing IS per cent of the total imports.

The retention and expansion of the trade thus developed will depend, Mr. Garry says, upon the ability of American ex? porters to satisfy exacting require? ments in the face of determined post-j war competition. British Cars i'or Belgium Three thousand of the 13,500 British freight cars which were bought by the Belgian government have arrived at Erquelinncs. These ears were on the French front at tho time of the armis? tice. They are of excellent, construc? tion and said to be better adapted to Belgian railroads than the German ears, which were turned over to the Belgians by Germany.

France So Tux Foreign Stocks PARIS, May bill "proposing an ad valorem tax on foreign stocks not quoted on the l'aris Bourse is being drafted at the Ministry of Finance. It. will be introduced in the Chamber of Deputies next week. 111 loiver grades, held specials, 2 a 2--. average run, 20c; lower i twins, held.

specials, 30 colored, 31c; aver? age run, while ur colored, lower tirades, 201? 27c. Wisconsin, whole milk, held, twins, 2SC? 11. sin or doul daisies, held, 30 1 Vo ins Vim sh, 34c, mi Hti skli is, flats and tu ins, held, specials, 21((? 22c fresh spi Is, 19 20c; pi inie to lloice, to iroorl, I2fi I fie; lower il F.BKK Receipts wer 10,102 cases Fresh gathered, exl ras, doz. 17? 4Sc; slum packed, ru fii si 45 it u.c; fli sts 4.1 'si 45c l'l call i athei ed, xl ras. I 44 i'irsl i 2 si i mils ami pool er, 30 10c.

lilrti. N'o. stori packed, re; alai packed 3 No. 2 and poorer, 30 A I ehci i to choice, dry, i 35 state, Penn Minia ami nearby Western hennery whites, extras. 53c; extra firsts, 50 Uv gathered whites, firsts extra (lrsl 4i; under rades, 44 45 i Pacific Coast, white extras, 52 53c; extra firsts, 5 le: firsts, other I Western and Southern, gathered whites.

41'. ISc; state, Pennsylvania and nearby Western, hennery browns, extras, 49c; gath ired brown and mixed extras, firsts to extra firsts, I2? 46 Livestock, Meats, Provisions yesterday. i'ear ago. Live steers, fair to prime, 100 Dressed beef, f-ldes, lb.1417 .19 IS Live veal, eom on prime, 100 lbs. 15.00ff 17.2.1 1.1 50 00 Dressed a city, ,27 203 .20 LI lbs.

7.00 rj 1 00 6.00 10 25 Dressed mutton, city, .1 .20 i Live lambs, fall to prime, 100 lbs.1-4.COS 17.00 19.00 21.00 Spi ing lambs, 1 00 lbs. is 00 21.00 I 1 spi lambs, lb .39 Dressed lambs, city, lb.2S 34 Hogs, 100 15 00 20.25(0 2-W00 Dressi I hog bacon, lb 21 .28 Mess pork, bb! 4 LOftftf 12.00 57.Ou? 5S.00 Mess beef, bbl IC 00 i 0 35.1 00 Lard, Middle West, 100 lbs. 20 S5 ci 20 'A. 34.21 3 1 1.30 Shipping Shows Recovery to ar Level in Kong Hong Kong shipping returns for 1919 show a sharp recovery from war con? ditions; but the full effect of changes in the general shipping situation in this part of the world does not appear in them very strongly, since most of the change actually made came in the ia'ter part. of the year.

There'was a notable increase in American, tonnage in the port, but here again the increase does not appear so strongly as it will the current year. Changes in the shipping at Hong Kong so far the current year have chiefly in the way of additional Ara ships and the inauguration of two American feeder services from India, the Dutch East Indies, Indo? china, and other parts the Far East to Hong Kong. VYhilo it is understood that the Japanese lines are about to increase and improve their services by the addition of new vessels now in the course of construction, actual changes in such lines have not yet beerj made. Electric Monorail for Tokio With a view to relieving the con? gestion of traveling in Tokio and ar? an auxiliary to the municipal electric car service, it is reported, several business men of the capital have ap? proached the government for permi sion to build a monorail electric tram? way over the rivers and canals in Tokio. The scheme proposes lo in? troduce cars capable of accommodat? ing fifty persons and running at an average speed of about twenty-five miles an hour.

The estimated cost of such a line is 581,000 a mile and the proposed capital of tue company is $7,500,000. New York's New Street Ties Together Travel Routes of This City and Other Cities of Country A new highway was added to New York's street system yesterday when' the arcade under the south side walk1 of the Thirty-third Street block extending from Sixth to Seventh Avenues was opened to the public, The street is 710 feet perhaps twenty feet wide, has a glass roof and on one. side is lined with the show windows of Gimbel Brothers' store and trades people in the Hotel Pennsylvania. At Sixth Avenue it con? nects with the McAdoo tubes, Sixth Avenue, the surface and elevated lines and the Brooklyn Rapid Transit Sub? way. The Pennsylvania system, which readies out to the Golden Gate, fun? nels into the arcade.

Directly at the west em! of the passage is the Inter borough system which operates through Seventh Avenue, west side Manhattan and the Bronx, and by means of the shuttle through Forty-second Street ti east side Manhattan and the Bronx and sections of the Borough of Queens. The block long underground street. ties together the rapid transit of Man? hattan, Bronx, Brooklyn and Queens, the Jersey City terminals ot the Pennsylvania, Delaware, Lackawanna Western and the. Erie, and tha transit system of Newark. The completion of the thoroughfare makes it possible for ono to come directly from tho Girnbcl Brothers' store in Philadelphia to their Xew York store without once coming out in the weather or an open highway.

It may be said that one can hoard a train anywhere on the Pennsylvania sys? tem and arrive at any important point in Manhattan, the Bronx, Brooklyn or "Queens and not have to conic out in the open in the meantime. Took Year and a Half to Build New York's newest street, as it well may be called, although privately owned, will be as free to public use as if it were opened by the commun? ity. It has taken a year and a halt' to build and a big heap of money. 2,000 Home Sites in Queens Big City To Be Auctioned Jamaica Realty in Unique Location, Amid Series of Terraces and Abounding in Natural Charms. Within Easv Reach of Transit Service The biggest lot sale so far this year will be held on Saturday, June 12, and on the following Monday, when the Matawok Land Company will dispose at auction of 2,000 lots, at what is known as Jamaica Estates, in the Hill section of Jamaica.

The sale will be held on the premises at 1 p. under the direction of Joseph P. Day. The lots to be sold lie east of Mid? land Parkway and Tryor Road, with frontages in Hillside Avenue, Grand Central Parkway, Union Turnpike, Midland Parkway, Hollinswood Ave? nue, and all the many roads and ave? nues lying between these boundaries. Midland is the main en? trance to the Jamaica Estates, and all of property be sold lies east of that 120-foot wide thoroughfare.

The lots are widely distributed over all the series of terraces and hills that rise from Hillside Avenue, north to Union Turnpike. Holliswood Ave? nue is the boundary of the tion in which lots are located. Convenient to Transit Service From Hillside Avenue, at Midland Parkway, it is only a comfortable walk to the li. R. elevated and subway station in Fulton Street, or the Hill? side (Jamaica) station of the L.

I. R. 11. From Hillside and Holliswood Avenue it is a short walk to the L. I.

R. R. station at Hollis. Hillside Avenue is the main auto? route through Queens to Nas? sau and Suffolk Counties. The trolley line system in operation from Man? hattan, Brooklyn, Long Island City.

Flushing, Hempstead and all center in the station and business sec? tion of Jamaica which lies south and of Jamaica estates. Commenting on the sale Mr. Day said yesterday; present owners whom these lots reverted in foreclosure proceed ings) deal exclusively in acreage prop? erly and have no facilities for the marketing of lois by private sale. Hence this extraordinary opportunity is presented to homo seekers, specu? lators ami investors, to obtain these lots at bargain prices. This is the proverbial 'opportunity of a "No such New York City property wiil ever again be disposed of at auc? tion, for the simple reason that nit ture has not provided another such beautiful and accessible tract avail? able within the limits of the great city.

A Place of Natural Charm "Nature has done for Jamaica es? tates what no landscape architect could ever do. Nowhere else within the same distance from the center of Man? hattan will be found such diversity of rolling wooded hills and beautiful ra vines. To this must be added the work done by the former owners of this attractive residential park and high land oasis. "Every part of the Jamaica EstateL? property lies on what is known as the 'backbone of Long The nattfral drainage is north toward Long Island Sound, south toward the Atlantic Ocean. The elevation is such that to the south the ocean can be seen, and t.T the north, Long Island Sound and the hills of Westchester County.

"Jamaica has now a resident popula? tion of also many tine churches. schools, public bui'dings, theaters and shops, beautiful streets and all the ad vantages that go to make living con venient and comfortable. "As the running time to Jamaica from the Pennsylvania station, or from Flftt bush Avenue, Brooklyn, is only eighteen minutes, and as there are several hun dred trains daily, in addition to the B. II. T.

elevated service at a 5-cent fare, this residential park and the forthcoming sale should appeal espe? cially to the family of moderate means and to the student of real estate who knows of the fortunes made in Bronx and real estate since the operation of improved transit facilities and coincident with the influx of added population. "Owing to the depressed market con? ditions of to-day the prices these lots arc expected to bring at the forthcom I ing absolute public auction will make them cheaper than any within the resi dential limits of the city of New York." Many Stores and Offices On West Side Leased The II. M. Weill Company leased stores at 45l' Seventh Avenue, to Bar- nett Bros; 45 1 Seventh Avenue, to Hyman Bernstein; 143 West Thirty third Street, to Sherman Himmel; offices at 151 West Thirty-third Street, to J. J.

Pogerty; at 153 West Thirty-third Street, to Harry ('. Lion; at 153 West Thirty-third Street, to J. W. 153 West 'thirty third Street, to the Hudson Tailor? ing Compan a i 150 Thirty fourth Street, to Smallwood at 14G West Thirty-fourth Street, to' i the United States Internal Revenue Department, and a loft at 207 West i Thirty-fourth Street, to Benjamin Naidis, and Alexander Michaels. J.

Arthur Fisher leased to Cohn Hecht, a store at 71 West Thirty eighth Street; to Weinstein a loft at 755 Seventh Avenue; to S. i Fishman, a store at 753 Seventh Ave? nue, and to William Goldberg, a store at 751! Seventh Avenue. Two Sales at Misht Of Brooklyn Realty! Auction soles of Brooklyn realty will be held by the Jero Johnson, .1 Coin-! pany in the Montague Street salesroom i on the nights of June and June 8.1 I At the first sale sixty-three lots in the 1 Bay Ridge section and a number of I dwelling properties will be i while at the second sale, tenement and dwelling houses will be sold. There was nothing to tell the us ands and thousands of folks who tramped through Thirty-third Street to and from the Pennsylvania station that the earth under their feet was being scooped out and carted away in sacks. The heavy pedestrian and vehicle traffic and the fact that ob? structions are barred by the Fire De? partment because it is a lire station block made it necessary for the George A.

Fuller Company to carry every bag out to Seventh Avenue and then to the street level. The street is the result of a mutual plan of the Pennsylvania Railroad, the Hotel Pennsylvania interests and Cim? bel Brothers for the improvement of conditions, particularly traffic condi? tions, in the neighborhood between Broadway and the Pennsylvania station. A previous step in this direction was the agreement covering the discontinu? ance of the use of Thirty-second and Thirty-third Streets by the delivery trucks of Cimbel Brothers for loading purposes, and the carrying on of load ing operations in quarters below th? street level, reached by electric ele? vators in private passageways at tho rear of fhe big stove build ng and the Hute! Pennsylvania, which is owned by the railroad company and leased to th? Hotel Statler Company. 25 Store Windows on Street Along the new street are twenty-five display windows of Gimbel Brothers and store tenants of the Hotel Penn? sylvania. They re arranged along the property si de of the street.

On the opposite side the ivory white tile is broken by verity-four in which will be placel announcements of the Pennsylvania Railroad Company. I 'o are provided into the Gimbel department store from the new passageway and two into the Hotel Pennsylvania. The Gimbel interests will nave stores on this level, lor in? stance, its drug department will have a big space on the arcade. Sale of Hisey Estate Land at Orienta Point Consists of About Fifty Extra Large Plots of Various Dimensions All the vacant residential building sites at Orienta t'oint. Maniaroneck, Westchester County, belonging to the Hisey estate, arc to be sold at auction by Joseph P.

Hay oxx the premises at 2 in. Saturday. June The Hisey estate holdings form a parr, of the property formerly owned by Thomas L. Rushmore, whose estate at. one time embraced all the property lying between the Esplanade, or Ori? enta Avenue, and Delancey, or Rush more Avenue, from Meadow Avenue on the north to Union Avenue, or Bleecker Street, on the south.

The property to be sold consists of about fifty extra large plots of various dimensions with frontages uxx Orienta Avenue, Claflin Avenue, Hilton Avenue, Forest Avenue, Beach Place and the old Boston Post Road, including a number of corners and junc? tion points. The properties are cl se to Maniaroneck Harbor and Long Island Sound. "Old Soi'1 Plant in Bridgeport Offered to Highest Bidder Tho "Old Sol" plant, near Bridge? port, is to be sold, with imme? diate possession, at auction on Monday, June II. at noon, on the premisos, by Joseph P. Day.

The property, which has siding from the N. Y. X. 11. il.

com? prises ac re a two nil base? ment concrete main build: power house, storag hou led xx loading plat foi Tin floor pac? is approximately squ re feet. ill Sdi 3C0 Jersey Lots At Roselle, X. on Saturday, Jun? 19, at 2:30 p. Jos P. il auct ion bui lo ica? ne the station and Lincoln Highway, oi Cl? Stre 't and Lh Avenu Roselle is one of the fastest re -'in.

New ark El v. it ii lod train an, troilev service. 'Park lu as? Bronx, To at Auction Former Estate of Leonard Mapes, Comprising 552 Lots Near Transit, ill Be Offered to Bidders The property known as 'Park Ver? sailles, formerly th" estate of I.e*^\rd Mapes, will be sold at au by Bryan L. Kennelly, on Monday. June 7.

at the Vesey Street sale-room. T'a- realty, comprising 552 lots, located two blocks from the 177th Street station of the Lexington Avenue Pelham Bay Park subway, and has a frontage of 1.000 feet on East Tremont Avenue, a street Iti'i wide, suitable for bus ness the Broadway of Fist Bronx), also frontage on both si of White Plains Road, a wide street, and on Leland Beach and Thicriot nues. il: sides of tie- property are apart ment houses an i une and two family h.iases. Bu-ine-- I. already the westerly end of the property on East Trem? nt avenue.

The property is or building now, with practically a', improvements. Four dwellings are includi in saie. There are two sub vays, Circe trolleys two railroads thin five blocks of property. 1'" Bay Park, ti gr at recrea? tion and amu ement centi of the F.ist Bronx, with gi tem ing, boat and ing, only six htatons he.yond property on the i Find Homes in Weslehester Mrs. Siggelkow has rented fur place nt Mount Ki co to Mrs.

Brown, of Brooklyn, and Smith Merritt his lome I at Armonk, to Julius Jaeschker; J. E. a dwelling at Harbor View ch, E. II. John sold 1 house on Boltis Lo a Mr.

Bo? Iman. Joseph E. i in the leases and sale. Club de Vingt To Be Made Most Interesting Art Salesroom in New York When the building in East Fifty eighth Street, formerly occupied by Mrs. 4Iawkesworth's (Cub de Vingt, is oponed again to the public it will be as the art auction room of Augustus YV.

Clarke, of West Forty-fourth Street, and formerly of Liberty Street. The building was the Vanderbilt stable, and was some time ago by Mrs. Hawkesworth for a tea room and dancing place. She hud a stage built at the rear of the building-, and the entire structure fitted up attrac? tively. Mr.

Clarke plans many chantres for the well-known dancing place. The floor will be fixed so that it will revolve at the press of a button. Art objects up for auction will be dis? played on the stage, and when sold the rear half of the platform will be turned to the andiene; with the y.i object on the catalogue sale. With the turn of the stage the catalogue number of the ob ec inting, statuary, furniture or whatever it may be will be flashed and held on a sign until the article ha? been sold. It'-is an innova? tion prove popular with art buyers, because it will make it posai? ble for every one to know and see what i being sold.

The place will be known as "Clarke's.".