New Britain Herald Newspaper, August 7, 1915, Page 11

- MOST FAVORABLE Heary Clews, However, Advises b ¢ Starp Lookot for Setbacks (Speclal t¢ the Herald. New York, Aug. 7.—The war group of the Steel shares are energetically discounting future prosperity. contracts have of course been the chief stimulus. Many machinery and nanufacturing plants have been urned into munition ractories, a few of the largest concerns having secured cnormous contracts which must be filled within- the next few months. There is much exaggeration as to both profits and size of some of these orders, but large profits are unques- ticnably in sight for a few special con- cerns, and meanwhile the speculative oirit has been thoroughly aroused after a long period or torpldity. The concerns securing war orders are in- evitably large consumers of semi- manufactured materials, tools, etc., 4nd their sub-contracts with pro- ducers of Taw materials are chiefly re- sponsible for the present activity in the iron and steel trade, which is aily * expanding. Th:s Industry is cing a veritable boom. Capacity is how employed to at least 90 per cent. and many concerns are fully employed Or running overtime. ¥rices are ad- vancing daily and promise to go con- slderably higher. It is estimated that war contracts are absorbing about 20 to 25 per cent of current raw materi- als output and that domestic trade has not yet reached anything like the rormal level. Buyers, however, are eing forced to place orders more eely than intended in order to an- icipate higher prices and to secure deliveries. The building trade is re- viving. Ship building is active and railroads are placing orders more freely for rolling stock and equip- ment, though rails stili seem to be somewhat in comparison neglected. The outlook for the steel trade, how- evér, during the next twelve months seems unusually seseate. Peace is not in sight and war orders will continue. ©Qur own government will also prob- ably be a large buyer for army and navy equipment and domestic trade ig practivally certain of rurther re- ¢overy. When peace comes our ex- ort trade in cars, locomotives, bridge aterial, .etc., should be greatly stimulateqd for the reason that the territory devastated by war will have te be promptly rebuilt and deliveries will be more promptly obtained from the United States than from any other direction. Demand from this source cannot be expected to continue. It is Quite likely to” abate later on, espec- ly as Germany and England get ack to something like normal in- @ustrial activity. Neverthetess, it is evident that for some time to come the American steel industry is in for & period of decided prosperity. This has been largely discounted by the rise in _the war group of Steel shares and liguidation may be expected to in- crease as the advance progresses. General Outlook Promising. The activity in Steel will soon be re- flected in Dbetter business conditions throughout the iron and steel dis- tricts. Large movements of ore are gxpected on the Lakes. The railroads will benefit-from larger traffic both w§ys. Labor will be better employed a¥ higher wages, and the fall demana for many articles of clothing, food and furnishings will be in large volume this autumn. In the agricultural dis- tricts the outlook is quite as promis- ing, Some slight decrease in con- ditions. may be caused by last week's unfavorable weather, but the agricultural outlook as a whole iz. unimpaired and the indi- cations remain for good crops at satisfactory prices in all parts of the “country. Even the cotton situation is not so bad as at one time represented; and the South while unaoubtedly in- cenvenienced by the war, though no more than certain other sections of the country, will doubtless emerge in fairly satisfactory condition. ‘War continues to dominate the mar- ket, although the situauon fs less threatening since our foreign rela- tions are decidedly more satisfactory. Our differences with Great Britain are in a fair way of adjustment. They effect property rights oniy and arbi- tration will be adequate to settle the differences between us, just as it has been -in numerous controversies for the past one hundred years. Our dif- ferences with Germany are rather more serious, since they involve the ;utety of American lives at sea. But ortunately Germany has lately shown & ‘more concilatory spirit and is ap- War | Slcn e . ende Ing to prevent ‘any erately unfriendly” episodes. ‘Transportation Outlook Improving. On the Stock Exchange there is a disposition to pay more attention to the best class of industrials and rail- road shares. The latter have been ne- slected for some time past ror reasons quite familiar. The transportation outlook is rapidly improving. Good crops mean good business and larger iraffic prospects at the West. Acti- vity in steel means similar conditions over a large section of the East. Gen- cral business here will show corres- ponding improvement. Credit is gen- erally sound. Collections are fair. July failures were the smallest in the | past two years. An eurly decision is anticipated from the Interstate Com- rnerce commission on ratiroad rates. Some of the roads are aiready report- | ing better gross returns, owing to en- fcrced economies. The era of divi- dend passing is probably past and the better class of railroad stocks can be | absorbed with greater conndence than at any time within the last twelve months. Foreign sales of our se- | curities have ceased for the time teing, although they may be renewed under certain conditions. The foreign exchange situation has been eased somewhat by the Canadian loan trans- &ction. There has been coniinued talk 1 of placing large foreign credits in this market or endeavoring io create a market for foreign government bonds crn this side, but thus far they have met with little success ana need cause no apprehension. Funds are abun- dant in this country and savings are apparently accumulating faster than a year ago in spite or qull business. Our financial situation as a whole must be regarded as eminently conser- vative, sound and promising. We re- gar the outlook in general as favor- able, but advise much caution and a sharp lookout for setbacks arising from developments in the war or possible collapse in some of the cverworked war group specialties. These advances have been too rapid and too hazardous. HENRY CLEWS. GERMAN SUBMARINES CLAIM MORE VICTIMS i Six British Fishing Smacks Sent to Bottom—Danish Steamer Hans Emil Set on Fire, London, Aug. 7, 12:57 p. m.—The British fishing smacks Hesperus, Ivan Ces and Fisherman have been sunk, bresumably by German submarines. The fishing crews were landed today. The fishing smacks Heliotrope and Challenger also have been sunk. The Danish steamer Hans Emil has been set one fire. The crew were saved. BRITISH CRUISERS AT CALLAO. Lima, Peru, Aug. 7.—The British cruisers Kent and Newecastle arrived at Callao this morning and are tak- ing on provisions, .._.ACCEPT CHALLENGE. Chicago, Aug. 7.—The Chicago Yacht club has accepted a challenge from the Indian Harbor Yacht club of New York, for championship races for class 6 boats betweer the east and west for the Manhassett trophy, it was'ahnounced today. The craft wil compete off Chicago, and the first race will be on Sept. 4. PLAN TO CONSOLIDATE. Providence, R. I, Aug. 7.—A plan for the consolidation of the Provi- dence Telephone Company with the New England Telephone and Tcle- graph Company through an exchange aof stock was submitted to the stock- holders of the former corporation for approval today. . ROSE RESIGNS POST. ‘Washington, Aug. 7.—Robert F. Rose, of Montana, today resigned as one of the foreign trade advisers in the state department. Mr. Rose was appointed by Secretary Bryan and was his close personal friend. MACK BUYS MEYERS. Philadelphia, Aug. 7.—Connie Mack, manager of the Philadelphia Amer- icans today announced that he had purchased Catcher Myers of the Dav- enport, Ia. Club. The - price was not made public. BAKER LOSES FINGER. Peter Smith, of 26 Smith street, a Laker employed at Hallinan’s bakery, had the first finger of his right hand caught in a dough cutter about 7 o’clock last night, cutting off half of that digit. He was given medical at- tendance and removed to his home, On the sweet-smelling eart Old Omar Khayam w.uld sward brain award Never get’s anywhere, he e N S N e e S G Gee but I envy the guy that is lyin’ around h 'neath most any old tree If I had a chance to go aloafin’ like him have nothing on me I wish. to this Michael, or most anyone else That I could rest thoughtfree on the green pasture With the knowledge aworkin’ throughout my tired That a swim in the brook would be a short walk’s Il tell you one thing, you can take it from me, There’s nothing like loafing when you’re feeling tired But the fellow who loafs with no let up at all will never be hired So when vacation time comes I'll say to you vJust use your bean, at least once in a while, { “Let the Herald work for you while y... e away . Keep tabs on the news, loaf, swim, and SMILE. Personal Gertrude Bowen Edith Geer, and Emma McChristy will spend their va- | cation at the “Bayside,” Block Island. | i Texans and Bandits Have Battle Miss Hattie V. Sherman, a member of the reportorial staff of the New Milford *‘Gazette,” is the guest of Mr. and Mrs. Walter L. Halladay of South Burritt street. Joseph Haffey will leave tomorrow morning on an auto trip through New ! York and Pennsylvania. He will be accompanied as far as Albany, N. Y., by Professor E. F. Jores cof Fox's theater. uring Mr. Jores’ absence Professor F. F. Harmon will preside at the organ in the theater. Miss Cynthia Hancock of Warlock street left today for a short stay at Cosey Beach. Miss Bessie Stack and Miss Alice | Fitzgerald of the Y. W. C. A. left to- | day for a two weeks' sojourn at Block Island. Mrs, August Ostlund and daughters, Lillian, Edith and Florence of Bassett street, left this afternoon for Cosey Beach, where they will remain the rest of the month, Mr. and Mrs. James Webb of Roberts street will lave tomorrow for a week’s stay at Block Isiand. ‘Walter Sanderson will week-end at Woodmont. William Farmer of Bridgeport, spend the week-end here. COMPANY E READY FOR TRIP TO FRONT ‘Will Engage in Week's Rifle Practice At East Haven Range With Other First Regiment Boys. Company E, the shooting company of the First Regiment, is prepared to leave for the “front” on the 7:22 train Monday morning. The front in this instance will be the state rifle range | at East Haven and a week of mis- ketry instruction will follow. The company is well prepared for the event, having quealified according to regulation requirements on the in- door range. Captain E. R. Low will tdke with him 55 men fully equipped for duty. The first three days will be given up to instruction practice and the last three days to record work on the ranges. The other officers of the company are: First Lieutenant Jam F. Hatting, Second Lieutenant Donald K. McLagan, First Sergeant William H. Smith, Quarter Master Sergeant Arthur H. Johnson, Sergeants Web- ster, Bober and Hartman and Co porals Olson, Jones, Veley, Schuetz, Simons and Paul. Company E will form part of the Second Battalion, the other compan- jes being Company F of Hartford ur der Captain Coughlin, Company H of Hartford under Captain Thompsva and Company G of Manchester under Captain Harry Bissel, the whole un- der command of Major Purcell f Hartford. As stated Company E is considerel the shooting company of the regiment and the local boys are determined Lo live up to their reputation as crack shots. In the past two years they have captured indoor shoots and have won the coveted Barbour medal. VON JAGOW MAY RESIGN. German Toreign Secretary Probably ‘Will Give Up Post. London, Aug. 7, 5:9 p. m.—The correspondent at Amsterdain of the Exchange: Telegraph company hears from Berlin the early resignation of Gottlieb Von Jagow, the German for- eign secretary, is probable. The minister's retiremeht will be attributed to ill-health, but the real reason, according to the correspon- dent's advices, will be due to two blunders, the first being the Austro- Hungarian note to the United states | regarding the exportations of muni- tions, which was sent to Washington without consulting him, and the se- cond being the revelation contained in the Belgian Gray book that Herr Von Jagow urged the division of the Belgian Congo between Germany and France. ITALIAN SUBMARINE SUNK Sent to Bottom of Adriatic Sea in En- counter With Austrian Submersible. Paris, Aug. 7, 4:55 a. m.—The Ital- ian submarine Nereide is reported to ‘have sunk in an encounter with an Austrian submarine off the Island of Pelagosa in the Adriatic sea, accord- ing to a special despatch from Rome. The Nereide, which was built in 1913 was 134 feet long with a beam of fourteen feet and a displacement of 315 tons gross. Her peace time com- plement was seventeen men. THREATEN HOME AND SHIP. Houston, Tex., Aug. Because of threats to destroy his home with dyn- | amite, Willilam Weatherford, treasurer | of a local firm of cotton exporters to- day moved his family from his resi- dence to a hotel. The threat was received over a telephone and also menaces a ship supposed to sail to- day with a lcad of horses for the allied armies. Mr. ‘Weatherford would not say whether the ship will sail. A close guard is maintained over the Weatherford home. KIRCHER NOT SECURED, Little Rock, Ar! Aug. 7.—Presi- dent Hedges of the St. Louis Amer- jcans- denied today the report -that outfielder - Kircher .of Nashville, had been secured by the Browns. 36 | a | former local resident, is spending the 'POSSE KILLS THREE MEXIGAN OUTLAWS for Ten Seconds Brownsville, Tex., Aug. 7.—Fighting tnree against twenty, three Mexican outlaws were killed by a posse last night at a farm house about seventy- five miles north of here. One posse man was slightly wounded. The fight lasted hot more than ten seconds. The posse heard that the gang of a dozen bandits which raided Sebastian yesterday and killed two had separated, most of them going to their homes on the American side of the border. The officials were after one Mexican who had been recognized among the raiders of Sebastian yes- tedday and did not know any con- federates were with him. Twenty Mounted Men. The posse, led by State Adjutant General Henry Hutchings, Sheriff W. T. Vann of Cameron ccunty and Ran- ger Captain Henry Ransom, totalled twenty mounted men. About 10:30 o’clock in the evening the posse galloped up to the suspected house, encircling it. Most of them left their mounts near the back porch. Two Mexicans on this porch opened | fire. The posse men replied with rifles. A third Mexican, seen trying to run from the house, was shot down. Twenty Mexicans Arrested. Since last night officers have rested twenty Mexicans all residents of the American side of the border, on suspicion that they were members of | the gangs of bandits which have been | xilling, robbing and burning in this | section for three weeks. General Hutchings indicated that he believed the Texas Rangers, ir brought here, cculd restore law and order. He also is considering whether to advise Gov- ernor Ferguson to call out national guardsmen. Hutchings today sent the sovernor a long message. The American manager of the ranch | where the three Mexicans were killed last night identified tne bodies as Mexicans who reside en or near the ranch. FULL MILITARY ESCORT. Fort Teery, N. Y., Aug. 7.—For the first time in the history of Fort Terry an enlisted the honor of 2 full military escort Friday when officers and men of the One Hundred «nd Fifty-Seventh company C. A, C. turned out in a body and marched to the transport landing to bid farewell to Sergt Major Clyde F. McDonald, who has been transferred | to wort ” ndman, New Bedford. Notice of his promotion from sergeant to | sergeant major and the order of transfer ~ame from Washington at | the same time. Sergeant Major Mc- Donald ias been at Fort Terry four years. ented hira a gold watch, full jeweled and bearing the inscription: *‘Pre- | sented to Sergeant Major Clyde IV, Mc Donald, Aug. v, 1915, by the office and enlisted men of the One Hundred and Fi U. 8. man was accorded U. S. WILL PROTEST. Washington, Aug. 7.—The United | States will protest against the deci- | sion of the German prize court in the case of the British steamer Indian ! Prince, sunk with a cargo of Amer- | ican-owned coffee in the South At- lantic last winter by the German aux- iliary cruiser Prinz Eitel Frederick. The. court had justified the sinking. | The state department takes the view | that it is another clear violation of the Prussian-American treaty of 1828 | and the principles of internationul | law.. Ambassador Gerard wil make a formal protest, which is expected (o bring the case up for diplomatic dis- cussion, DRUM CORPS HOLD CONVENTION. Aug. 7.—Thirty-three fife and r.m corps, mostly from Con- Torrington, necticut towns, are here today for the thirtieth annual convention and field day of th: Connecticut Fifers’ and Drummers:’ association. held in the armory last night, a par- ade givea this noon and fleld day events this afternoon. The festivities will close with a ball at the armory tonight. Awards of prizes for best appearance, etc., in the parade will be announced this evening.| AUSTRIA EXPRESSES SYMPATHY. New York, Aug. 7.—Austria-Hun- gary has expressed her sympathy for the United States in the case of the sinking of the steamer Eastland at Chicago, with the loss of more than 900 lives, according to the following statement issued today at the Austro- Hungarian consulate general here: “On the occasion of the staggering disaster of the Eastland, the Austro- Hungarlan ininister of foreign af- fairs, Baron Burian, has requested Ambassador Penfield te convey to the United States government the deep felt sympathies of the Austro-Hun- garian government.” LAUD WILSON'S EFFORTS, Houston, Tex., Aug. tion commending President for his efforts to keep out of the European conflict but at the same time demanding protection for ship- ping was adopted here today by tle Texas farmers’ union in their thir- teenth annual convention. 7.—A resoiu- Wilson An automobile tire was stolen from 15. J. Porter'’s West Main street garage Aamericans, | ar- | Officers and enlisted men pre- | fty-Seventh Company, C. A. C., | A dance was | ap mflflllflum&. HARTFORD i There are thousands of well dressed LADIES and YOUNG LADIES who buy all their Clothes here. Ladies who demand quality and cor- rectness above everything. And they all come back— our friendship has been doubly strengthened because they can not only get com- plete clothes satisfaction, but also more for their clothes- money than they can get anywhere else. You'll get the habit, too, if you will purchase some of the numerous bargains now being offered in this department. Every sale we make is meant to give you one hundred per cent. satisfaction, and no sale is complete or final until you're sure it's right. CLOSE FRIDAY P. M. — ) DEATHS AND FUNERALS. ‘ Amle Kadziewski. Annie, the four months old dal_u:h- ter of Mr. and Mrs. George Kadziew- ski of 22 Star street, died last night. The funeral was held this afternon. Joseph Gudat. Joseph Gudat, aged 55 vears and 9 months, died at 5:30 o'clock this morning at the New Britain Gcne_ru,l hospital, He was a native of Russmr: Poland and lived® with his wife and 1 year old son at 63 Booth street. The | funeral will be held Monday at 1:45 from his late home and 1t | 2:30 o'clock from St. Matthew's Ger- | man Lutheran church. Rev. A. C. | Theodore Steege will officiate and in- | terment will be in Fairview cemetery. o'clock EXPLAINS BRITISH NOTE, Barcaly Throws Light on Seizure of American Ship, Neches. Washington, Aug. 7.—Colville Bar- clay, charge of the British embassy, called at the state department today to explain the recent British note on the seizure of the American ship Neches. The British note, he said, because of its brevity, did not fully | present the British reasons for the action; that the ship had not taken in | reprisal for violations by Germany of the rules of naval warfare and | that the rule regarding such deten- tions and seizures was not intended to apply to the United States alone but to all neutral nations. State department officials said hc | explanation placed the case in a dif- | ferent light, which will be recognized in the forthcoming reply to the Lon- don foreign office. ADMITTED TO BAIL. i i . | Ttight Officials of United Hebrew Trade Union Held for Murder. New York, Aug. 7.—Eight officials | of the United Hebrew Trades Union, | indicted for the murder of Herman | | Liebowitz, who was beaten at the | headquarters of one of the unions dur- | ing the cloak makers' strike of 1910 | so severely that he diled next were admitted to bail today by | preme Court Justice Ford, The eight men are said to have a defense fund of $200,000, raised i\'.mnn friends, available to fight | case. | | | i | POST OFFICE RECEIPTS, | Poster ... F. Delaney reports that | ! the receipts at the post office for the | month of July amounted to $11,475.21. The receipts for the corresponding month in 1914 were $11,773.18. This | leaves a deficit of $297.97, which is not considcred bad wnen the condi- tions in Europe are taken into con- sideration. " COV. OKUMA GIVES IN. Tokio, Japan, Aug. 7.—Owing to the persistent pressure which has been exerted by the elder statesmen on Count Okuma, the Japanese premier now is inclined to remain in office. INDICTED FOR “GRAFT.” Boston, Aug. 7.—Five mebers of . the city council of Revere were in- dicted by the grand jury today on a charge of receiving gratuities totalling $200 for granting licenses to Juak iust night. dealers, All pleaded not guilty. | Am Car & Fdy Co. Am : Interborough | Mex Petroleum .. RICHTER & CO MEMBERS N Represented by E. W, Eddy. New Bri American Hardware New Britain Machine Stanley Works Colt’s Arms North & Judd W YORK STOCK EX CH tain Nat, Bank Niles-Be New Dep New Dep: Bristol Brass Eagle Lock The facilities of our office are service will be not only satisfactor; Telephone 1012, BOODY McLELLAN & C( MEMBERS NEW YORK STOCK EXCHANGE. 111 Broadway, New York. Istablished 1879. at your disposal to buy, sell tain the best markets on all listed issues and we feel confl y but superior to any other. . DIRECT FPRIVATE WIRE TO NEW YORK NEW BRITAIN OFFICE, 309-310 NAT'L BANK ¥ T STOCK MARKET AS WHOLE NARRO Few of Active Specialties Advance Strongly at Opening New York, Aug. 7.—Many shares showed the effect of distribution un- der cover of the vigorous advance in special issues, but the general strength of the market was conserved until the railroad list began to sag. Prices then fell rapidly, going below yester- day’s finals in most instances. The closing was heavy. Unconfirmed reports of large bene- fits from war orders continued to af- fect sentiment to a high degree and although published earnings of some industrial concerns failed to disclose the huge profits alleged to have been gained, the public demand continued for this class of securities. Tenta- tive efforts to arouse interest in the railroad stocks were unavailing, not- withstanding the outlook for an in- crease in earnings. A few stocks made further striking gains. Cruci- ble Steel touched 92 3-4, General Motors 207 and Willys-Oveland 148 3-4, gains of 4 to 11 points. In the light reaction, however, Bethle- hem Steel gave way 12 points from the highest, General Motors six and Crucible seven. Bonds were easy. Wall St., 10:30 a. m.—Although a few of the active specialties advanced strongly at the cpening today, move- ments elsewhere were small and the market as a whole was narrow. Cru- cible Steel was the center of specu- lative activity. It was bid up 3 3-4 to 92 1-2, the highest price on record. United States Alcohol also made record by rising 3 1-2 to 69. Bethle- hem Steel, long after being quoted fractionally under yesterday's close Railroad shares were listless but firm. New York Stock Exchange quota- tions furnished by Ricnter & Co., members of the New York Stock Ex- change. Representea by E. W. Eddy, National Bank building: August 7, High Low 57 bag % 324 623 61% 595 L106% 54 813 L1103 .122% 69 % 1017% 1915 Close 55 Am Beet Sugar Alaska Gold 3 61% 5815 1061% 6214 80 109 122% 68% 1013% | Am Can Am Can pfd Am Locomotive Am Smelting Sugar 3 m Tel & Tel Anaconda Copper . A TS Fe Ry Co.. Baldwin Loco B & O BIR T Beth Steel Butte & Superior. Canadian Pacific Central Leather Chino Copper . Chi Mil & St Paul. Cons Gas . 106 | Distillers Sec | Erfe .... General Mtrs cm. . General Electric Great Nor pfd Gt Nor Ore Cetfs. Lehigh Valley .... 65 % 893 15 63 27% 1071 109% 57% 223 1497% ational Lead .... Y C & Hudson. ew Cons NYNH&HRR N Y Ont & West. . Northern Pacific .108 Penn R R Pressed Steel Car. Ray Cons .. Reading 59% By .. 1613 | tistical FINANCIAL NEWS Rep I & Bteel em. 43% South Pacific .... 88% South Railway ... 165 South Railway pfd 46% Studebaker 85 Tenn Copper 43 Union Pacific ....1318% ! Utah Copper 66% U 8 Steel 3% U 8§ Steel ptd 1126 V Car Chemical .. 36% | Westinghouse L113% | Western Union ... 70% Wyllis-Overland ..147 ITALY LEADS WO! IN POSTAL DEF Its Sons and Daughters A posits at Local Postal Bank—America Is Ed Secretary F. 8. Cadwell of savings department at the has compiled a list of the tionalities of depositors, found that the thrifty sol lead all others both in numl positors, amcunts deposi { of deposits. Natives of the United 8 having the second largest | depositors, are far in the it comes to amounts, and one of those who number $500 class. The following is the tabul prepared by Mr. Cadwell: | No. of Amt, Depositors Depo United States ... 150 Great Britain and Colonies [ Italy Russia Austria Germgny .. Hungary .. | a Greece . | Sweden | Roumania . Turkey Persia . | Bwitzerland | Argentine Rep. HAITIENS WANT ASSU Washington, Aug. 7.—Solg the Haitien minister, call the state department and necessity of giving some @ surance to the Haitien their sovereignty would n paired permanently by the occupation. i KILLED IN AUTO | Des Moines, la., Aug. 7. er was killed in the autome way race here this afternoon car jumped the track in fi grandstand on the twentys- We buy or sell for cash o gin any stock traded in, on York Curb Market. SERVIC Promptness, Accuracy an department render vice singularly distinctive. | Established 1908 Baruch & | Members New York Curb Ma 50 BROAD ST., NEW YOR Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORAT ION organized and qualified thr ough years of efficie trustworthy service, to act as Conservator, ! Executor or Administrator. CAPITAL $750,000. Connecticut Trust and Safe Deposit M. H. WHAPLES, .Pl'fl'!. SURPLUS $750,000 . HARTFORD,