New Britain Herald Newspaper, July 31, 1915, Page 11

_'reignlfl_ammerce Shows Total - Exports of $4,768,000,000 ’5«‘, (Special to the Herald) o “New York, July 31, 1915.—War . now _been waged for prac- 1y a full year, and during that e nearly two and a half million lives hve been destroyed and’ about ~§17,000,000,000 issued in loans. These ‘figures do not include wounded and” missing, nor the amount lost through damage to property, derangement of de, etc., all of which are incalcul- le. In some instances the losses will as great as they .appear, for the son that armies and fleets would ve required usual pay in time of simers of food and clothing, though on a less wasteful scale. No one can L § .peace. and both would have b & i {l’fi een con. ¥ b §couple of years, the cost will prob- estimate or even approximate the real property losses of the war. Som» authorities have put the figure thus' far at $26,000,000,000 and over. The moral and human damages, however, must be regarded as vastly more ser- s than property losses. So, too, < Is the inevitable setback to civilza- fon which this war will impose. . Ma- wigrial “losses at first seem the most _imposing and create the greatest im- on. Nevertheless, = they will be he first forgotten. Infinitely beyond these must be ranked the awful wast- age of the flower of humanity, Pro- perty ruin will be chiefly remember- in the form of big debts, heavy tion, ruined cities, while the loss of valuable lives will be reflected in iddened homes, a less virile popula- on and other losses beyond calcula- n. ‘Should the war not last more than ly be borne much more easily than ipected. All ¢f the countries in- blved have grown greatly in wealth | and population since their last great war; and in view of ithe increased ilitary Headquarters Near Firing Line Has Businesslike Aspect In the accompanying illustration is shown staff ' headquarters of the French army’ near the firing ltne in France. The French run a close sec- ond to the Germans efficiency. Every movement is closely figured out, in and daily the plan of campaign fis mapped out at the various staff head- quarters. be justifiable, others are undoubtedly alth and earfiings per capita this le may weight no hevier upon . present belligerents than previous reat wars. Each nation, even Ger- ny, upon whom the strain will be will - show unexpected ca. . both resistance and récu- | Our foreign commerce which has en, s¢ deranged by war show- total’ exports of $2,768,000,000 for fiscal’ year ending June 30th, an reasé of $214,000,000 over last éar. Imports during the same period egated $1;674,000,000, a de- ase of $219,000,000 during the elve months. These figures left B excess of $1,094,000,000 in ex- Tts; Q!’;“flk 00,000 more than a Bar ) are about ‘what was efpected, and plainly reflect the ab- iprmal difficulties under which for- g i, conducted, At the, mo- exchange situation few-weeks the ou e of , grain _and acotton ‘will begin and the shipments of war munitions will continue to ex- pand for months to come; so that in the absence of larger imports a con- tinued heavy excess of exports must be afiticipated for the remainder of the year." ’ ' "¢ ) . All indications on the Stock Ex- hange point to reviving activity. Transactions have been largely trans- T the war group, which now one-half to three-quarters of the daily dealings. The advances in these shares have been extremely sensational. In some instances they may' be justified on account of the enormous and very profitable con- tracts for ammunitions which it 1s known have been secured. The diffi- 4 Cuity of securing accurate information regarding these contracts, however, affords abundant room for exaggera- tion and misrepresentation, Naturally the speculative spirit has been keenly | vlentiful and easy money with pros- l reflection. | ing activity and strength of some of | exceptional, and caution is particular- ly urged in operations in these shares. A healthy feature has been the widen- the leading railroad lssues, which have long been neglected. At the | moment railroad traffc is still be- | low normal, but.indications point to an early recovery which, coupled with | better rates,' will probaby prove a turning point for the railroads, Divi- dend rumors, both favorable and un- favorable, have been current re- specting some of the prominent is- sues, but the more frequent improva- ment in net results has imparted a decidedly better tone in railroad shares, and some substantial recov- eries have already taken place, Business Situation Encouraging. The geneéral business situation at home is growing more and more en- couraging. We are sure of & good erops and good pr The activity ‘of the steel trade ‘Wwhich is now run- ning at nearly 90 per cent. capacity is also a helpful ess factor, es- pecially in view of better prices. ‘Throughout the agrieultural districts and the manufacturing districts there will unquestionably be greater pros- perity than a year ago. The purchas- ing power of the people is increas- dng. Owing to the war and its sober- ing influences, economy in both the | /home and the shop has become gen- | oral, Savings are undoubtedly accumu- lating. These would séek investment it conditions were only more settled | and propitious. Theé war, however, and its grave possibilitles impose a aroused. Some of the advances may‘ pects of its continuance is also a stimulating factor of considerable im- portance. In the steel trade, although activity is largely due to war orders, the railroads have been more ready purchasers. So, too, have the build- ing interests, whose crders have been held back in the hope ot securing bed- rock prices. Apparently these were reached some time ago; hence the out- coming of belated buvers, Reports from the interior indicate o wider dis- tribution in all staple products, and the cotton goods trade has opened the season with encouraging results. Num- erous strikes occurred in various parts of the country frequently ending in concessions to labor, increase of pros- perity wherever the latter exists. The chief object of concern is, of course, our relations with Germany. These are likely to assume a more friendly aspect. The hope that a dip- iomatic break will be escaped is the sinecere wish of every true American. ‘Fiveryone should stand py the Presi- dent in his efforts to preserve peace. Nevertheless, the sitution i of Gangerous possibilities, which at any | ime might have an important effect wrpon the market. The excessive activ- ity in the war stocks is an element of danger, The outlook is for an active market for some time to come. Or- | dinary home conditions are favorable to higher prices, but the influences at work are 8o complex and so abnormal ihat exceptional prudence is required in all financial transactions. Germany Will voucede. ‘When the German government is decided restraint upon all new invest- ments and new enterprises. For the time being investors prefer to place their funds in securities vr proved sta- bility and profit; the exception being the venturesome few who are staking iheir chances upon industrials receiv- ing war orders. Loanable funds are ’ niade to realize that the president does not really mean in his attitude that the submarine warfare must stop, eXcept againét American ships and our citizens, it is reasonable to expect that Germany will concede our contention. {1 am quite sure she wili, after due HENRY CLEWS. RUSSIA AND ALLIES MUST CRUSH ENEMY | War Must Be Continued Should It Last for Several Years, Says Mr., Polivanoff. Petrograd, Jaly 31.—The following statement concerning the conclusion of the first year of the war was pre- pared for The American Press by M. Polivanoff, Russian Minister of War. “My opinion in a few words, after one year's duration of this war, un- precedented in the world’s annals, is as follows: ¢ ‘““The enemy is strong* and cruel, and that is the very reason why Rus- sla and her heroic allies must con- tinue the war—should it last for sev- eral years—until the enemy is com- pletely crushed. (Signed) “‘Alexei Andreievitch Polivanoff, Minister of War.'" EIGHT KILLED IN MINE, Laborers Hurled Under Avalanche ot Coal and Broken Cars. Pittsburg, July 31.—Eight men were killed and twelve injured at the Patterson mine of the United Coal company near Elizabeth, Pa., fifteen miles from here, yesterday afternoon when a cable hauling twelve cars up a steep incline broke. The cars left the track and toppled over to the Pittsburg, Virginia and Charleston Railroad. Laborers work- ing on the tracks were hurled under an avalanche of.coal and broken cars Among the killed was Samuel M. Dougherty, the coal company super- intendent. Vi RD (i) It Asnnn 82, o HARTFORD Suits for Stout Women a Specialty. | IT IS HOT —it is hot even if you wear an H. O. P. Summer Suit— but it is not as hot, not any Wwhere near as hot as if you had a regular suit on. Buy an H. O. P. Summer Suit of Palm Beach, Mohair or any of the other light weight H. O, P. Summer fabrics and you will feel far more com- fortable than you do now. $7.50 1o $16.50 Sizes 36 to 46 Stout. GAINS MADE BY RAILWAY SHARES Industrials Hso_arficipate in Advance on Stock Market variant character of the market dur- ing the last few days, attended by several slumps in the War Shares, | made speculators more conservative and ‘there was no rush to buy such as occurred early in the week. ‘The list held steady and when it became dpparent that there was a good un- dertone the demand increased. The market responded with a good ad- vance in which Railroads as well as Industrials participated. gains were 3% points in New York Air Brake, 3 in Bethlehem Steel and 21-4 in Allis-Chalmers. New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy, Nztional Bank building: July 31, 1916, High Low Close 57% 66% b66% | Am Beet Sugar .. BY JOE BUSHE. - O ; mas Snow was ing twilight. Though possessing a certain distinctive ajr, her coat was pit- tifully thin and ‘nad- equate. Though n?:t- < ke er shoes leaked and she wore no rub- ' bers. It is small wonder that the storm ly blackened, séemed merciless and cold. But when she turned in at the big store gateway, 4ér shoulders straightened proudly. “The old Fenway place,” she mur- mured, glaneéing about the gloomy, un- kept grounds, “and 1 am the last of ére not it would so hard interjected the other half ella’s nature that was al- ways ridiculing her Fenway pride. “Unless,” with malicious emphasis, “they chdnced 'to be also impervious at front door—upon she ever leave or en- of its other num- Miss Fanella Fenway the flurry of Christ- not beautiful as sheé hur- ried through deepen- there in Whalen that 1 care for? All the old families with whom We asso- ciated are gone. It is my misfortune that I am left alone in the old house.” “Why need you be alone? There are people all about you, common people to be sure, but kindly and good. And there is—Nelson Travers!” “A common farmer!” Miss Fanella could almost believe she heard a real Voice in the old hall with all the Fenway pride and scorn in it, a voice alarmingly like her state- Iy mother's. “It has been settled these 15 years,” she said, picking up the little lamp wearily. “Why must it be gone over again every Christmas?” Through the great cold rooms the light moved dimly, until she entered what had been the butler's pantry in the old regime. Here a small stove diffused a half hearted sort of warmth, and a little table and a leather chair were drawn close. “Here dwelleth the last of the Fen- ways;” she said derisively. “Yet too aristocratic to associate with ordinary mortals!” From her worn leather bag she drew a letter she had found awaiting her at the Postoffice. There were few persons using such stationery who still remem- bered to write to her. “Dear Miss Fenway,” she read, “are You still alone at the old place? If so, why can you not come with me to Japan this Winter and help me with the children? There will be no one in our party but ourselves. Please let me 'ou are spoke . the' tly, “Who Is know by the first of January.” There followed a page of details. The letter was signed by an old school friend now the wife of a successful finaneier. Miss Fanella’s hand trembled, her face was drawn and white. i3 N “A nurse maid,”’she moahed at last bitterly, “a common nurse maid! She put it kindly, and it is kind of her to think of me in my destitution, but that is what it means! Yet. isn’t it better J ORI o than cold and loneliness and starva- tion? I'm tired of being different from other people. I'll try to be as common cs the commorest for a| while.” ¥ 2 Suddenly the great' befl” pealed through the resounding old rooms. She lifted the little lamp in wonderment cnd threaded her way again through the icy gloom. No tradespeople called at the house, i “WILL YOU TRUST ME THIS ONCE, FANELLA? and certainly not at the hig front 4oor! And generations of superiority had taugnt the neighbors the futility of calling at the Fenway portals. “Good evening, Fanella,” he said as it he had parted with her but yester- day. Tomorrow is your birthday, I be~ lieve, and Christmas, too. Will you come for a ride with me?” Miss Fanelia gasped, as well she might. This, after 15 years of silence! from' the repulse of old Mime. Fenway? “J—what will the neighbors think?" she gasped. “You are 36 tomorrow, are you not, Fanella? Isn’t that old enough to act as you please regardless of the neigh- bors?” “I suppose f{t is, Nelson,” she ad- mitted with a smile. “But where?” “Will you trust me this once, .an- ella? I promise to bring you back whenever you wish.” Miss Fanella looked into the white night. Was she dreaming, or could this unlikely . thing really have hap- pened in the deadening monotony of her life? ‘What difference did it make, any- way? Henceforth she would be only a nursemaid. She looked back into Nelson Travers honest eyes pleading with her to trust him. About her the Wall, Street, 10:50 a. m.)—Trading began more quietly today with small changes on the first transactions. The The largest | Had it taken him so long to recover | warm.’ RICHTER & MEMBERS NEW YORK Represented by E. W. Eddy. New Britain Nat. American Hardware New Britain Machine Stanley Works Colt’s Arms North & Judd i BOODY McLELLAN & € NEW YO RK STOCK EXCHANGE. 111 Broadway, New York. Dstabl ished 1879, We will execute your orders for any lsted amount from one share up. We give the same carcful attention to the one share the larger customer. We will .ny.numhc!d-h-ru from one up for w.-‘u:’,ud—uu more on conservatd DIRECT FRIVATE WIRE TO NEW BRITAIN OFFICE, 309-310 NAT'L Telephone 1012. | 2% 6% 57% 106 53% Alaska Gold Am Car & Fdy Co. 57 Am Can .. . 8% Am Can pfd . .108 Am Locomotive .. 54% Am Smelting ..... 78% 8% 78% Am Sugar ... 108 108 108 Am Tel & Tel ....121% 121% 131% Anaconda Copper 693% 68% 698y AT S Fe Ry Co..101% 100% 100% Baldwin Loco . % 1% B&O .... 79% 79% BRT icoun 86% 85% Beth Steel . 255 255 Butte & Superior . 66 66% Canadian Pacific . 144% 144% Central Leather .. 1% 4% Chesapeake & Ohio 40% 40% Chino Copper .... 45% 45% Chi Mil & St Paul. 81 81 Distillers Sec 26 26% Erie 26% 26% Erie 1st pfd ... 41 41 General Electric 171 171% Great Nor pfd . 117% 117% Interboro pfd . T4% 4% Interborough 20% 20% Mex Petroleum 2% T2% N Y C & Hudson. . 881, 88% Nev Cons 14% 14% NYNH&HRR 62% 62 62 Northern Pacific .106% 106% 106% Penn R R 108 108 Pressed Steel Car. 50% 50% Ray Cons . 23 23 Reading .. 147% 147% Southern Pacific . 87% 87Y% 87% Southern Rallway 13% 13% 13% Southern Raily pfd 45 45 45 Studebaker 85 841, B4Y% Tenn Copper ..... 36% 36% Unoin Pacific L.1208 12813 128% Utah Copper 66% 66 66 U 8 Rubber Co.. 46% 456% 46% U S Steel ........ 67% 66% 66% U 8 Steel pfd L.113 0 112% 118 Westinghouse ....111% 110% 110% 32% 56% 57% 106 53% 20% e 41% 173% L117% T4% 21% 74 89 51 23% 149% CASE GOES OVER A MONTH. ‘Waterbury, Conn., July 31.—When Dr. George A. Faber was arraigned ~——— Executor or Administrator. law, 2,600. made. Ive NEW YORK ¥. T BANK in the city court today ¢ performing an o0 a continuance one month with bonds The delay in & made because the that Coroner Mix, of had ordered the away. The complaint & upon whom the alleged © The case was Coroner Mix yesterday &i was arrested last might. York, July New of the bride, the condition of clearing trust companies for t that they hold $180, B in excess of legal is an increase of $7,4 ! year. o cab to the courthe license and then u preacher Wi i orde the ed for A STRONG, RELIABLE CORPORAT ION organized and qualified through years of & trustworthy service, to act as Conservator, CAPITAL $750,000. SURPLUS ! drew up before a low, ample house :'Munedhorcanhnytomdur- one. “Fll be in in a minute,” he told her. “Take off your wraps and get her heart beating » opened the The wide, low rooms within opened pleasantly together, lighted by can- dles on ‘he mantels, and by softly shaded lamps. “How pleasant,” said Miss Fanella iloud, going to the open fire and thinking of her little stove in the but- ler's pantry. “l have dreamed of your sitting here,” said Travers quietly, coming to her. “And now I am going to ask you to eat supper with me—a Christ- mas supper, you know.” “] shall be most delighted,” an- swered Miss Fanella with a smile. The Fenway pride was muts for once. It was a quiet supper. Fanella red tea, conscious that her com] n's eyes were following her, Miss Fanella, stately furniture, upon which her pride had fed so many years, pleaded in vain. “Yes,"” she said, “I'll come. I do not know how far I shall go, though.” The man stepped info the old hall and held her coat. s lips closed over his displeasure when he felt the weight of it. She did not remember the worn gloves on the hall table, and omly thought about locking the door whem she saw Travers slip the key into I'is deep pocket. Wrapped in robes she seemed un- conscious of the storm, realizing only the pleasant sensation of companion- ship and warmth. and she enjoyed herself with a fierce deflant sort of we{nn& “Fanella,” sald the man, leading her back to the fire. “I will bless you forever for coming with me. I wanted you to see my home, to un- derstand just how simple and ‘nrr» tentious it is. I know I am only ‘common farmer,’ but I've always ed you, Fanella. I cannot endure it to see you live as you do, alone in take care of you dear? I not good enough for you. what it must seem like to but—" “It 18 comfortable Nelson.” Her voles I von } She was not even surprised when he words. “But I de At il L1 i Rg- £ E 1 & H . a1 3 She—Mr. perior intelligence. ] e He—How do you She—Because he knew more than he did. - E ——— “Great men often Tise “That's that great house. Won't you let me | gutoy beginnings,”” remarked right," v