New Britain Herald Newspaper, October 16, 1915, Page 11

GENERAL BUSINESS . BOOM PREDIGTED Hemry Clews Sees Decided Im- provement in Next Three Months ‘New York, Oct. 16,—As usual, the geéneral public is late in realizing the eXtent of changed financial condi- tiolts; and the question is repeatedly agked, what caused the rise outsNle the stocks affected by war profits? Eeryone appreciates that a certain lass of industrials must profit by r, in spite .of the larger losses else- where; also that this country stands to Yoee less and gain more than any other from the tragic struggle abroad. But what are the factors that are carrying this rise into other classes of investments? They are chiefly these: n extraordinary harvest, and an equally extraordinary redundance of money. Combined, these two in- fluences are quite sufficient to account for the recent strength of the stock juarket, although there were others ervihg to stimulate the general buoy- puaicy, such as the successful placinz bf the Anglo-French loan and the pparent cessation of the public hos- ility to railroads and other large cor- jporations. Last year the new wealth produced | American farms was officially plac- at about $10,000,000,000. This jear it will be nearer $11,000,000,- P00, than ten. The five principal ns crops of the United States fmount to not less than 5,827,000,- P00 bushels, compared with 4,943,000~ D00 bushels a year ago. This is an Bcrease of 884,000,000 bushels, « fain of tremendous importance con- B ring the good prices and the good arket assured for the surplus. Eu- fope will need all that we can spare; wring prosperity for the American Armer and good business throughout [he Western agricultural districts. lhis in turn means heavy demands pon transportation facilities, better | ilroads for equipment and all sorcs materials. Thus the bounty of na- ‘e is already beginning to stimu- e trade and industry through all 8 channels, and the next three ponths seem destined to witness a decided improvement in general isiness. The stock market, Tecog- fing these conditions well in ad- ce, has already begun to discount pm; hence the strength in rallroads @ the upward movement in the bet- class of industrials which has not 6t spent its full force. , Great Abundance of Money. hg.nexv. factor of importance is e eat abundance of money and tremendous increase in credite Jgilities made possible by operations Faew banking system. Our large sur- § reserves; enormous stock of gold 1d in this country, and the new nking system are three elements fhich combine to produce a powerzul latéonary movement. Opinions may ffer as to the desirability of such flation, but the fact will have to b recognized that the movement is and has by no means as yet run course- Our credit situation is minently sound, and a much i:.xpansion can be permitted der esent conditions, without in y ,degree weakening the general vation. The execution of war orders is still iving a very decided effect. It is pt only keeping the lines of industry mediately affected extremely busy, pt the wages and the profits thus ob- lied are gradually filtering into fher channels of trade and doing eir share toward improvement. Pre- rations to finance the new for- tn 16an created little disturbance the stock market, although pay- Iits by the underwriting syndicate came due on the 15th inst. The lécess of this issue was a foregone [nclusion, and has already been am- discounted.. There will be no dif- 1ty in shipping the grain and cot- b which are now' beginning to come vard for export. This loan has Huestionably averted a serious cri- in our foreign trade which would jve injured us more than France England. Without the loan our ers would have been unable to ve found a market for this énor- Bus surplus, and a business up- val of some sort would have been vitafle. As it is, the exchange affon has been greatly relieved d no serious difficulty is anticipated. high prices obtained by some urities have undoubtedly encourag- foreign selling; and this, too, will prd some relief in the absence of lequate merchandise imports is ely run on an enormous scale, imgy having been made that the ess the end of the calendar year be over $1,000,000,000, and may s~high as $1,500,000,000. The continues a controlling feature ffinance, although we are well ad- ted to present conditions . Attractive Opportunities. n view of the excessive rise in some reg purchases will have to be made bh zrowing discrimination. There still attractive opportunities in he of the specialties, in a number e well established industrials and tandard railroad issues. The lat- have received increasing atten- , but have not yet come into their . Earnings are beginning to in- ise* heavy traffic is in prospect, a serious car shortage is already png the imminent possibilities. pe of the roads have shown much er net results as a result of en- economies; and nearly all will pbliged to enter tH{ market for cars, locomotives and other Iplies much more freely than for ral months, all of which will ben- b the steel industry. There is a ed. cossation of hostility to the sds, which will tend to restore 1 The war, however, renders many in- vestors somewhat cautious, and cap- ital generally insists upon and se- cures good terms, notwithstanding the abundance of money and credit. In spite of a reactionary movement, which may or may not extend, there has thus far been no real loss of buoyancy in the stock market. Ac- tivity has been maintained at an un- precedented level and there are as yet no material symptoms of its abatement. The undertone is strong; the speculative spirit is thoroughly awakened, and shows a disposition to turn from the somewhat hazardous war shares to industrials and other securities of a more substantial char- acter. This change in the drift of speculation is both wise and welcome; the erratic gyrations of the war group having been violent enough at times to threaten the whole market. The recent decline has served to eliminate weak spots and bring in fresh buy- ing. HENRY CLEWS. CONDEMNED TO DEATH. Negro Who Attacked White Woman In Newport, Ky. Newport, Ky., Oct.| 16.—Harry Gar- rison, 18 years old, a negro, was con- victed here yesterday of having at- tacked Mrs. Luella Crowder, white, and condemned to die in the electric chair at the Eddyville Penitentiary. When the foreman of the jury re- ported the verdict, Mrs. Crowder who was in the court room, exclaimed “Justice has been done.” This is the first time the death pen- alty has been ordered in Campbell County since Scott Jackson and Alon- zo Walling, both white, the murderers of Pearl Bryan, whose headless body was found near Newport, were hanged in the jail lwre on Mprch 20, 1897. DANIELS APPROVES DOCK, Work on San Francisco Project to Be Begun Within Sixty Days. San Francisco, Oct. 16.—Following the announcement from Washington yesterday that Secretary of the Navy Daniels had approved the plans for a big dry dock at Hunter’s Point, on San Francisco Bay, local representa- tives of the Union Iron Works said to- day that actual work on the $2,000,- 000 enterprise will be begun within sixty days. John A. McGregor, president of the company, is in Washington today to receive the official approval of the plans- The dock when completed will be capable of accommodating the largest of the government’ proposed new bat- tleships. RECONSIDERING DECISIONS. Believed Cardinals Wi N’ A Anne Gould’s Marriage, Paris, ‘Oct. 16, 8:40 p. m.—The committee of cardinals appointed by Pope Benedict to reconsider the de- cisions of the Rota Tribunal and the Segnatura Tribunal in the suit of Count Boni De Castellane for the an- nulment of his marriage with Anna Gould, now the Duchess of Talley- rand, met today to examine the po- sitions of the litigants and the pre- vious decisions of the church courts. The committee, composed of Car- dinals De Lai, Van Rossum and Bis- leti, adjourned without reaching a definite conclusion but is expected to confirm the last ruling of the Rota, which maintained that in the eyes of the church the marriage is indissol- uble, . GEN, SMUTS HITS BACK. Cape Town, Unian of South Africa, Oct. 16, via Londan, 12:37 p. m.—In a campaign speech at Potchefstrom, Transvaal. Gen Jan C. Smuts, minister of the interior, mines and defense of the South African Union taking as his text the demand of the nationalists that “Premier Botha and Gen. Smuts must go,” declared nothing would “suit him better than a deliverance from the hell in which he had lived for two years: but that the govern- ment would stick ta tae people to the end.” He added: “If the nationalists, finding themselves in a small minority after the forthcoming general elec- tion, attempt an armed protest I can assure them they again will have mar- tial law.” REAL ESTATE REVIEW, Fifteen Transfers Recorded This Week ‘With the City Clerk. The following real estate transfers were recorded with the city clerk this week: Michael. McMahon to James J. Wat- son, land and buildings on Elm street. Edward O. Kilbourne to Walter Donahue, land on Carlizn street. Lena Gorback to Anna Orzal, land at Overlook tract. Edward G. Babcock to New Britain Boys, club, land on Court street. Ernest W. Christ et ux. to Mary N. Upson, trustee, land on Liberty street. James J. Watson, et al. to Adolph Mynhart et ux., land on Allen street. James J. Watson, et al. to Adolph Mynhart et ux., land on Allen street. ‘Tony Brudnicki to Albert Halpern, land and buildings on Oakland ave- nue. Albert Halpern to Sarah Fish, land and buildings on Oakland avenue, John R. Bowman to Mary Ellen O'Brien, half interest land and build- ings on Farmington avenue. Michael J. Slattery to Mary E. O’Brien, half interest land and build- ing on Farmington avenue. William H. Porter et al. to Albert J. Porter, land and buildings on Wood- land street. Estate of Elias Ringrose to Mary Ringrose et al, land and buildings on Beaver street. m i# favor as investments. The @ market continues very active, ‘thére is evidently an abundance apital awaiting employment when ms are sufficiently attractive. The Vibberts Co. to John A. Hoff- man, land on Beverly, Lomsdale, Dresden and St. Claire avenis. Charles E, Collins, trustee, to Julius [ Miller, 1ana on Wolcott street. PERSIANS TO UNITE FOR CITIZENSHIP Decide to Abandon Old Country Ties For America Concluding that all home ties have been severed by the terrible mas- sacres to which they. are being sub- jected by the Turks and Kurds, the Persian-Assyrian people of New Brit- ain have decided that America is good enough for them and propose to make this country their permanent home. With the aim of fostering this idea the Tiglet Pieleser society, which was organized a year ago, has taken quar- ters in Begley’s block on Main street and will open a night school to teach the Persians the English language and how to become American citizens with the hyphen extracted. It will be the aim of the society to bring all their fellow countrymen into the ranks and they will invite. prominent law- yers and other citizens to address them and aid in the necessary teach- ing. The society has a sizeable mem- bership and has $200 in its treasury. Officers have been chosen as fol- lows: M. B. Sulliman, president; Israel Peters, past president; David Benjamin, prelate; Joseph Sarkhoosh, treasurer; Ephriam Ismail, secretary, and Nvia E. Eshoo, assistant secre- tary; Abraham Badal, guard; David Badal, sergeant at arms, and Abra- ham Marcus and Philip Palus, trustees. The executive committee is com- posed of Israel Peters, chairma. Baba Palus, secretary; David Elia, Foshia E. Babila and Nvia E. Eshoo. The society is declared to be the only one of its kind in the country and its plan of campaign is unique and may prove of important and far reaching character, because if it is successful here will no doubt be followed by the Persians in other cities throughout the country. POSTMAN RESIGNS SUCCESSOR CHOSEN Fred A. Johnson Tenders Resignation As Carrier—Sanderson Is Ap- pointed in Plaoce, Fred A. Johnson, for three years a member of the mail carrier force at the local post office, yesterday after- noon tendered his resignation as an employe of the government and turned in his keys and other articles belong- ing to the office. His resignation at this time was somewhat of a surprise. He was appointed a regular carrier on June 1, 1912, Postmaster W. F. Delaney last eve- ning notified W. S. Sanderson. senfor sub carrier, of his appointment as suc- cessor to Johnson pending the san tion of the post office officials in Wash- ington. Sanderson was appointed a substitute on December 7, 1908, and has had considerable experience with the various routes in the city. He com- menced his duties this morning. DOCTOR’S CAR SMASHED. B Hartford Man Is Accused of Reckless- ness By Witnesses. An automobile accident that may have a police court sequel as the mat- ter has been placed in the hands of the prosecuting attorney, occurred at 5:15 o’clock yesterday afternoon when Dr. D. W. O’Connell’s new touring car was badly smashed up on Main street. According to witnesses, Abraham Katz of Hartford, driving a truck owned by the Haffman Wall Paper company of that city, tried to pass the United Electric Light and Water company’s car. driven by Charles Twining. In turning, Katz's car banged into Twining’s machine, driv- ing it violently, against Dr. O’Con- nell’s auto- It is said that Katz did not sound his horn to warn Twining and also that he was driving in a careless man- ner. HIGH SCHOOL NOTES, The informal ballots for the elec- tion of class officers in the Sophomore and Junior classes were held yester- day. The three highest candidates are eligible to run on the final ballot which will be taken next week. For the Junior class the results are as follows: President, Harold Byett, 44; Edward Bassett, 41; Herbert Corwin, 29; treasurer, Clifford Odin, 20; Ed- ward Mag, 17; Howard Stotts, 14; Alfred Lewitt, 14; vice president, Ruth MacMillan, 28; Grace Hatten, 22; Gertrude Luddy, 14; secretary, Gertrude Luddy, 21; Ruth MacMillan, 16; Sally Humason, 12. Those whose names appear for two offices will have the privilege of choosing the office they wish to run for. For the So- phomore class: President, S. Dyson, 65; A, Neumann, 26; J. Butler, 16; ‘vice president, B. Benzon, 42; J. Dun- ham, 25; G. Fletcher, 24; secretary, G. Fletcher, 22; M. Martin, 20; J. Dunham, 16; treasurer, B. Hibbard, 36; G. Wells, 19; S. Dyson, 13. %25 7% COUGH o &3 It is not safe nor necessarx You can relieve it with Hale's Honey Of Horehound and Tar It does not upset digestion or nerves. Is pleasant to the taste. Contains nc opium nor anything injurious. \ Al druggists. ¢ Tey Pike's Toothache Drops /; i City Items } Mrs. Thomas W. Clark of Boston is visiting her sister-in-law, Mrs. Fred D, Watkins. of 489 Main street. Six barbers at Crona's. No waiting. —advt. Engine companies No. 1 and 2 were called out early last evening to Long's shoe store on Main street where the awning was on fire. The fire was started by a cigar butt dropped from an upper window. The annual fall shoot of the Putnam Phalanx will be held at Scheutzen Park in this city within the next two weeks. Women’s Kid Gloves, 79c a pair. at Curran Dry Goods Co.—advt. In the case of Sam Robinton vs. Louis Blair judgment has been award- ed the plaintiff ta recover $79.01. Klett & Alling represented the plaintiff and D. E- O’Keefe the defendant. The case was argued before Justice of the Peace F. B. Hungerford. Albert Grauer Jr., with his bride has returned to his home after a twno weeks visit with his parents on Cot- tage Place, ; Quarantine on a case of diphtheria on Pine stret was released today by the health department. Miss May Horton of New York is spending the week-end with her par- ents on Wallace street. Mrs. Fred Winkle of Cherry street, wife of the well known constable, was taken to the Post Graduate hospital in New York last evening for treat- ment. She is in a critical condition witn heart trouble. Marriage licenses were issued today to Stephen James Cosgrove, a rail- road clerk, of 106 Park street, Hart- ford, and Ruth Esther Anderson of Plainville and Axel Theodore John- son of 113 Shuttle Meadow avenue and Hulda Elizabeth Anderson of 279 West Main street. Six barbers at Crona’s. No waiting. —advt. PEDDLER CHASED OUT OF TOWN. A peddler who has selling carpet beaters, etc., about the city for the past few days was ordered out of town by Chief Rawlings this morn- ing after he had located the man on Sheffield street. The man gave his name as William Hayden and Water- bury as his home. He made a prac- tice of securing the sympathy of the good housewives by telling them he lives on different streets in the city and is selling beaters to get money to pay for an operation on his daughter who is blind as the result of scarlet fever. His entire story was a myth. been NO ACTIVE PART BY WILSON., Washington, Oct. 16.—President Wilson plans to take no active part in the 1916 pre-convention cam gn, but will spsnd the summer at Shadow Lawn, near L.ong Brancn, N, J. Later he may write a number of letters on issues and rcceive political ‘leaders. The presi lent <pects to go to Shadow Lawn immediately after the adjourn- ment of congress and befare the con- ventions are held. From there he cz keep in touch with headquarter: the democratic national committee in New York. ¥ STRIKE CALLED OFF- East Liverpool, Ohio, Oct. 16.—The praposen strike of kiln firemen in the gencral ware potteries of Fast Liver- pool and Wellsville, Ohio, and Chester and Newell, West Virginia, which was to have bsen inaugurated Manday un- less *heir demands for increased wages were granted has been called off. The men decided last night that this was an inopportunc time to call a strike. Get ’s When You Ask For It In order to standarize your pur- chases, the articles you buy must have distinguishing marks to enable you to identify them. For your protection Duffy’s Pure Malt Whiskey bears this trademark. RE M It serves as a means of identifica- tion and acts as a guarantee of the high and unvarying quality Duffy’s has possessed for over 50 year: | If you buy an imitation or “Just as Good,” there is no question but that you will be sorry later. Better be safe first than sorry later. “ Get Duffy’s and Keep Well.” | Sold by most druggists, grocers and | dealers, $1.00. If they can’t suppiy you, write us, 4 The Dufty Malt Whiskey Go., Rochestar, N. Y. HARTFORD Sults for Stout Women a Specialty. Intentions Are Like Confederate Bills A Confederate Bill is fine to gaze upon, but it Gets you nothing. You may have intended to make the ac- quaintance of H. O. P. Plushes. This season, this week, this day, come to try them on. $25.00 or $30.00 is soon forgotten, but an H. O. P. Garment will serve you with grace and satisfaction. $35.00 Fur Trimmed Suits are sell- ing very fast. —_— COUSIN VS. COUSIN Harold Bassette of Emmons place is the tennis champion of the High school. The new champ is a retir- ing, bashful sort of a young athlete and neglected to inform the sporting the Herald of victory, editor of als because he does not seek any public- ity. He is the High school correspond- ent of the Herald and succeeded in keeping his new laurels from the type until today. Bassette defeated his cousin, E. Bassette, for the tennis crown. Both played through the preliminary sets and succeeded in weeding out all other aspirants. When it came to the final clash Harold Bas- sette was too much for his relative. | making. Fas nion' HIMMGV Manton 4 N M S P & XN N2 N\ N2 - S <2 . W 8759 Girl's Russian Dress, 10 to 14 years. Girls will wear a great man: one-piecd, rockalihisTesuiTas welllas Haiieliers 1 This one is very simple, easy to make and easy to adjust and consequently is especi- ally desirable for school wear, although it can be converted to afternoon use if a more dressy material is employed for th On the figure, plaid cotton gponge is shown with plain linen band the frock is admirably well adapted to autumn wear. Washable 'materials are by all means to be preferred for school use and these are quite heavy enough for the early. eason. The skirt consists of one straight | iece, laid in plaits. The blouse is made, ith ' dropped shoulders and with at] tached sleeves and it is perfectly loose with only the under-arm seams to be sewed up, the skirt being joined to it on the line of the stitching. For the 12 year size will be needed 2% yds. ot material 27 in. wide, 2 yds. 36, 136 yds. 44, for the blouse; 315 ‘yds. 27 in. fois 24 yds. 36, 2 yds. 44, for the skirt, ollar and cuffs. . The pattern No. 8759 is cut in sizes for ',n—ls from 10 to 14 years of age, It will e mailed to any address by the Fashionf Department of this paper, { on receipt of ten ceats, RICHTER & CO.” : MEMBERS NEW YORK STOCK EXCHANGE. Represented by E. W. Eddy. New Britain Nat. Bank Bidg. Tel 840 STANDARD SCREW and COLT’S ARMS NORTH & JUDD BRISTOL BRASS NILES-BEMENT-POND Common BOODY McLELLAN & CO. MEMBERS NEW YORK STOCK EXCHANGE. 111 Broadway, New York. Kstablished 1879, Stocks and Bonds for Cash or on Margin Direct Private Wire to New York NEW BRITAIN OFFICE, 309-310 NAT'L BANK BLDG. Telephone 1012. F. T. McManus, Mgn FINANCIAL NEWS WAR SHARES MAKE GAINS ON MARKET Undertone of Exchange, One of Increasing Caution New York, Oct. 16.—The record of today's brief session of the stock ex- change was one of uneven declines folowed by general recoveries at the end. Initial prices were more or less confusing and unsettlement became more general later, on selling ot United States Steel and other poten- tial issues. A number of the war shares were lower by one to two points and such ralls as Louisville and Nashville, New Haven, Erie Second preferred and Rock Island showed similar declines. The rally in the final dealings was led by Baldwin Locomotive and Bethlerem Steel, the latter rising seven points from yester- day’s close at the new record price of 485. The closing was steady. Bonds were firm. Wall Street, 10:30 a. m—Specialeies particularly war shares, made some upward progress at the outset of “o- day's moderate trading, but the un- dertone was one of increasing cau- tion. Baldwin Locomotive, Cruci- ble Steel, American Steel Foundries, General Electric and Westinghouse advanced from material fractions to two points, with slight gains in Penn- sylvania, Atchison and Ontario and Western. Rock Island added a point to yesterday's decline at 19 1-2 and New York Central was slightly low- er. United States Steel held at:yes terday’'s low level of 821-2. Fer- tilizer shares were active at advances. New York Stock Exchange quota‘ Yons furnished by Richter & Co. members of the New York Stock Ex- change. Represented by E. W. Eddy. Oct. 16, 1915 High Low Close 67 43% 847% . 643 .106% 67% 95 Am Beet Sugar Allis Chalmer: Am Car & Fdy Co. Am ( Am Am Am Can pfd Loco Smelting ... Am Sugar . 112% Am Tel & Tel L1243 Anaconda Copper . 75% AT S Fe Ry Co.106% Baldwin Loco .133 BEE ON. T 917% BRT Somod L Beth Steel .484 Butte Superior 60 Canadian Pacific .165 Central Leather . 654% Chesapeake & Ohio 57 Chino Copper ... 495 Chi Mil & St Paul. 90% Col B &1 o0 000 583 Cons Gas saman 14T Crucible Steel 95 Distillers Sec .. 35% Erie 34% Erle 1st pfd 53 General Electric .179% Great Nor pfd ....121% Gt Nor Ore Cetfs. . Interborough ... Interboro ptd Lehigh Valley Maxwell Motor . Mex Petroleum National Lead N Y C & Hudson Nev Cons cesene NYNH&HRR N Y Ont & West. . Northern Pacific Norfolk & Wes Penn R R Pressed Steel Ray Cons 8% 97 20% 7% 96% 19% 159% 16] 65% 1343% 69% 531% 83% 114% 4“y 68% 8% Reading cue Southern Pacife.. Southern Ry Studebaker .. .162 Tenn Copper ..... 68% Union Pacific ...134% Utah Copper ..... 70 U 8 Rubber Co .. 68% U 8 Steel .. . 81% U 8 Steel pfd . 114% Va Car Chemcal.. 463 Westinghouse . 70 Western Union 79 LOGAL STOCKS ARE MORE ACTIVE TODA Trading Is Heavier, But Prig Fail to Stilfen Tocal stocks are more active tod past but while thy considerable trading in active issues prices are still weak - - NosmBoseS than for a week has been | little change is looked for in the n future Jt is pelieved, howgver, t will grt it is possible this period of uncertainty ually pass of and some unfcrseen condition. may rek n another wave of heavy transacti | on a rising market Colt's Fire Arms is quoted’ today 815-825; Amerizan Bross 240-248 W sales between: Bristol Bruss = 66- New Derariure 165-1 Stand, Screw Common 290-300; NIk Bement-Pund 148-1560. New Bri stocks are quoted. Landers, 56 1 57 1-2; American Hardware 119-12) North & Judd 105-110; New Bril Machine 80; Union Works, % and Stanley Works 65-68. WEEKLY BANK STATEMENT. New York, Oct. 16.—The statem of the actual condition of clear! house banks and trust companies the week shows that they hold $18! 263,720 reserve in excess of legal quirements. This is a decrease of §. 111,000 from last week. MACKENZIE WHIST, The Mackenzie Wrist club met night at the home of Mr. and M Alex Gordon, Monroe street. whist and set back games were ished a supper was served. The n meeting of the club will be held the home of Mr. and Mrs. D. B. wick, Stanley street on Hallowe'en, THE COMMERCIAL TRUST CO. Open Saturday Evenings From 7 to 9 Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORAT iON organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian Executor or Administrator. CAPITAL $750,000. SURPLUS $§750,000 Connecticut Trust and Safe Deposit Co. H, WHAPLES, Pres't. HARTFORD, OONN,