New Britain Herald Newspaper, November 4, 1915, Page 15

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

| Our Contains everything that Store is of vital interest to the ' housewife. We are exclusive agents for the | Acorn and Richmond — Ranges We have always | OF -Perfection Then too, our sets of a great supply THE Qil Heaters furniture for every room in your house is worthy of the closest inspection. Our prices are always right. ‘The L. Porter Co. Complete Housefurnishers, Undertakers and Embalmers 332 MAIN STREET. ROCKEFELLER USED "T0 CRUSH JoY LINE ought Out at Trial of New Haven Directors Today New York, Nov. 4—The personal influence of Willlam Rockefeller was enljsted by the New York, New Haven land/Hartford railroad to crush the lcompetition of the Joy Steamship line, according to testimony adduced iy at the trial of Rockefeller and other former. directors. of oad on the charge of monopolizing the interstate commerce of New | gland, '-I‘etlers written by John M. Hall, | former. president of the New Haven; Percy R. Todd, vice president, and other persons were dntroduced, . by pwhich: it appeéared that Mr. Rockefel- jer was asked to place before Henry . Flagler, owner of the Florida East 'oast rallway company, the fact that he Joy line ‘had leased a steamer ! om ‘the Flagler company and was jtrying to charter another to run in lcompetition with the New Haven lines. Standard Oil Directors- “'Flagler ‘and Rockefeller were at that time directors of the Standard ! Oil _company, Rockefeller forwarded him a letter from John M. Hall Tequesting that steps be taken to pre- ‘ent ythe steamers being used by the Joy Tine. The outcome of the correspondence vas that the Joy line was prevented from getting the boats. ) ! Through the influence of the New fiaven with the Long Island railroad, he Joy line according to other let- lers, was prevented also from leasing “steamer from that road. 5. _ Paid $10 a Day. Ten dollars a day was paid by the ' New Haven to a steamboat captain p discontinue lighterage service he fhad given the Joy line between Prov- idence and Fall River, according to ' her correspondence and rates were duced to the American Sugar Re- ing company on condition that ould divert shipments from the Joy the ' it | the Metropolitan Steamship Company was then an independent line. Judge Hunt declined to entertain the objec- tion, on the ground that the letter was an answer to a request from Todd for information. The letter further spoke of the Joy Line’s poor finan- cial condition at this time. In July, Haskins wrote to Todd suggesting that he issue an annual passon the New Haven to Capt. Hora- tio Hall, of the Dominion Line for refusing to charter a steamboat of that line to the Joy Line. This, ac- cording to another letter was done. ‘Watching Joy Line. + ‘Another letter from Haskins to Todd informed him that the Joy Line had chartered the steamer Cocoa in ' Florida from the Florida ast Coast Raijlway company for three months. Todd then wrote to John M. Hall, president of the New Haven, suggest- ing that he “Might drop a note to Mr. Rockefeller (Willlam) and have him explain the Joy Line situation to the Flagler who owns the Florida East Coast and try not to have the ter renewed at the end of months.'” The letter also’ said that Joy Line was trying to charter the steamship Martinique from the same interests. “Every other avenue against them is blocked” he added. “Hall, accordingly wrote to William Rockefeller, stating: ‘I do not be- lieve Mr. Flagler would care to have the Florida East Coast lease their boats to the Joy Line in opposition to us.” He suggested that Rockefeller refer the matter to Flagler. “I know of no other way to defeat the Joy people in their endeavors to secure these steamboats in’their oper- ations against us,’” Hall's letter added. Rockefeller Sent Letter. A few weeks later TFlagler wrote to Hall stating that Rockefeller had forwarded his letter and explaining that e had officlally retired from the Florida East Coast and that J. R. Parott had succeeded him as ‘presi- dent. “Personally,” Flagler wrote, *“I would be very glad to do what I can, it you’ll tell me what can be done.” Hall then wrote to Parott who re- plied: “You may be assured that we will do nothing to interfere with the interests of the New York, New Hav- en and Hartford, especially where it affects you personally.” Similar Letters Introduced. Similar letters were introduced to [ine (o the New Haven lines, | Another wrangle as to whether gov- proment should be required to call i R. Todd, former vice president ofi New York, New Haven and Hart- d railroad, marked resumption 0 the trial. The govern- jtent . annotinced yesterday that it (Wwould not call Mr. Todd to identify jletters he had written, as it did not areé “To underwrite” him #s a wit- pess. Counsel said they desired to [prové only the authenticity of the ers, which would be done by an- pther witness. Attorneys for the defense protest- d@ today that Mr. Todd should be equired to appear as the identify- Png=witness so that they might cross examine him on the contents of the fletters. " “We do not care to prove our age by a co-conspirator,” said R. L. [Batts, of counsel for the government. Judge Upholds Government. 3. Judge Hunt ruled in favor of ovérnment. James W. Osborne, her government attorney, then re- umed the reading of letters from the és of the New Haven through which hopes to prove that the road frushed out the competition of the 6y Steamship Line. £ A letter from R. T. Haskins, gen- ¥ traffic manager of the Metro- Moli?h Steamship Company, to Mr. 'odd, in June, 1901, sald he had in- 'ormed a friend of his in reference td the Joy Line interests, that “Their des will be taken off and laid out on the Long Island shore to dry, to be warning that further enterprises of s Kind might be avoided. It looks me as though they were getting pretty tired. They are tired of los- you are hitting them hard on hi rovidence business.” 9 Rules For Government. Attorney for the defense protested ““the letter was not relevant the an- as show that efforts were made to pre- ! vent the Joy Line from leasing the Shinnecock from the Long Island Railroad company. A letter, dated Aug. 28, 1901, from W. F. Morrill, one of tae vice presidents of the New Haven, informed Todd that he would attend a meeting of the Long Island railroad directors the next day and “See Mr. Baldwin, (president of the road) and tell him not to permit the Shinnecock to be leased to the Joy Liné.’ Two days later, Todd wrote to Has- kins that there was no danger of the Shinnecock going to the Joy Line. Methodist Church to Sccure Rev. Warran F. Cook. | There has been a marked increase in the attendance at the services of Trinity Methodist Episcopal church since the coming of Rev. Warren F. ! Cook as pastor and the feeling is general that Mr, Cook should have an assistant. The official board of the church has taken cognizance of the fact and has appointed a committee to procure a suitable man for the place. The committee consists of M. H. Camp, chairman; James M. i Burdick and Curtiss Sheldon. They plan to have a student from the Hartford Theological Seminary or Wesleyan fill the position for the present. If in the opinion of the board the plan is successful, a per- manent assistant will be chosen in the near future. Aid for METHODIST LOVE FEAST. The public is invited to attend the mid-week services at ‘the Trinity Methodist Ipiscopal cHurch tonight at 7:45 o'clock. It will take the form of an old-fashionea Methodist love festival. The topic of the evening will be “If this were imy last supper with friends.” { [ An unconventional wedding was the motoreycle marriage recently cele- brated in England of an army officer, released temporarily from his duties. The ceremony was performed at the old parish church, Greenwich. The bride, in a khaki shade costume, ac- companied by another lady rider drove ERA OF PROSPERITY FOR STEEL TRADE Demand Never So Overwhelming as at Present The Iron Age says today:— Never has the stcel trade seen de- mand so overwhelming as at preseut and at the same time output expand- ing on such a scale, under steadily advancing prices. The tide has ri rapidly this week with increasing signs of excitement. In pig-iron history down as the month in which the country’s yield first reached 3,000,- 000 tons and the daily output crosscd the 100,000-ton mark. When war order tonnages of six figures are band- ied about so commonly, it is hard to believe that the year opened with a daily pig-iron production of only 51,- 000 tons or half what it is now. i Pig Iron Output, At 3,125,491 tons in 31 days, the October pig-iron output respresents 100,822 tons a day, against 2,852, 561 tons, or 95,085 tons a day, in September. On Nov- 1, with 276 fur- naces going, the capacity in blast was 101,819 tons a day, against 97,635 tons a day for 268 furnaces on Oct 1. Thus including charcoal iron, our pig-iron output is now at the staggering rate of 37,600,000 tons a year, or 1,500,009 tons more than the rate of one month ago, More furnaces are preparing to go in blast, but on the other hand some of the steel companies’ furnaces thai have been hard driven for months | must soon go our for repairs. ! Demand for Iron. l An old-time buying movement in steel-making iron has been under way this week in the Central West. In the Pittsburg and Valley districts 175,000 tons of basic and Bessemer iron has been taken, chiefly by four interests and at Buffalo 70,000 tons of hot metal has been bought for de- livery in the first half of 1916. Basic iron has advanced 50c to $15.50 al furnace and a further rise in boih Bessemer and basic is indicated. Buying of foundry iron is more gen- eral and contracts for the first ha:f of 1916 are now freely made. The | week has brought an average ad- vance of 50c¢c in coke foundry irons and $1 in charcoal iron, even though merchant furnaces increased their | output last month by more than 2,000 tons a day. Southern iron, fol- lowing sales of nearly 150,000 tons iy two interests in October, has gone to $13 for No. 2, while sales for the first half of 1916 have been made at | $ 50 and higher. Mills Holding Back. An extraordinary situation exists regarding prices of finished steel. O ders have been sent in with the re- they be entered and the buyer notified of the price, In mosi lines it is a question of finding a mill that can make the delivery desired. On their part the mills are holding | back demand for next year, Only *ho | largest buyers seem able to get pro tection on their manufacturing costs for 1916, and some manufacturing | consumers may find their output cur- | tailed by lack of steel In plate shap have open ¢ October gocs a few mii!s lnml thesc : late in the yeur have no difliculty in getting | British Officer on Leave Has Motorcycle Wedding | vation is sheer tonnage | goverament P meet to the church on a new machine on which the newly married pair left for & brief honeymoon. All the guests Were motorcyclists and drove to the church and to the reception on their machines. The couple met first at a cle club run. On the young lady’s twenty-first birthday her finance ave her a motore e, i ton above the 1.50c Pittsburg, Buying Still Insistent. Under existing conditions cabled statements that the Allles will cut down their purchases of American steel because of high prices need not be taken seriously. Such buying has been, and is still insistent. American steel makers have really been slow to believe what is now plain, that the dominant factor in the domestic sit- of steel that is to be fired out of guns. In Great Britain the Iron Age's cable says that requirements for shell steel are beginning to occupy clusive attention, new inquiry of this char- acter there amounting to 2,000,000 tons. Railroad buying is pressure, 1o Pennsylvania has set- tled on 175,000 tons of rails, 44 per cent, or 77,000 tons, going to the Steel Corporation, per cent each to the Pennsylvania and Cambria companies and the remainder, 21,000 tons, equally divided between the Bethlehem and Lackawanna com- panies. The Boston & Maine has placed 25,000 tons with the Lacka- wanna Steel company, Railroads Buying Cars. In recent weeks the railroads have bought upwards of 27,500 cars and as many more will shortly be closed, the latest inquiry being for 9,000 for the Pennsylvania railroad. | VIOLATOR ARRESTED. Lucius H. Kendall of Maple Hill has been ordered by Detective Ser- geant Bamforth to appear in court tomorrow morning on a charge of vio- lating a traflic ordinance. Tt is charged that on Tucsday night Mr. Kendall left his automobile standing beside a hydrant on the west side ol central park. still at high TRAFFIC YALE ROWING SCHEDULE- No Entry for Poughkeepsie But Coach Thinks It Should be Included. Now Haven. Nov. 4.—The competi- tions of Yale oarsmen during the present ccllege year were forecast in the rowing schedule made public today. No entry has been made in in the Poughkeepsie regatta but it is undersfood that veteran oarsmen have felt that the university has material enough this year to form a crew to be entered in that event. Head Coach Nickalls is known to have expressed his canfidence that Yale would be able to turn out a crew which would be a strong contender for first honors 1gainst all the crews boated in that regatta The year's schedule opens with the race against Columbia on New Haven harbor, next weck Iorfday. The first spring race will be with Pennsylvania at Philadelphia April 2. At American Henley at Schuykill on May 11 Yale will enter a second eight and the freshman ecight. he Blue will Cornell Princeton in the i event on Lake Cayuga on The scason will close with it New lLondon on June and Head Coach Guy for 1oy ind returning bsence Nickalls now plans after the Colum- bia in IFebruary. In s crew candidates will be drillesl on the water and at the ma- by Assistant Coach Charles W. to leave i chines { Imans, Miss Mabel Parker, d nd Mrs. B, W, Parker, is home visit from Colorado Springs, Colorada, Ll the past 1ghter of Mr, on a she has heen residing for cight years. the | THEY CERTAINLY DO HAVE STYLE Never in your life have you ever seen more recal style—more of that definite, clean-cut air of correctness which you want in your own clothes —than there is in our new H. O. P. COATS They are made.of all-wool fabrics —which means that their good looks remain as they were when you bought them. Pay $25—and make your choice from a selection which we have pur- posely made extra large and extra varied. Suits, $14.95 to $50.00. Coats, $9.95 to $150.00. MARKET REACTION IS BUT TEMPORARY All Stocks Are Expected to Reach Higher Prices Before Long (Furnished by Richter & Co.) During the past few days there has heen quite a reaction in some of the local stocks. speculative of our We believe that this reaction has just about run its course and that more before long a which should send prices up again Colts Arms sold down one hundred points from its recent high and sales today have taken place in the neighborhood of 860. American Brass is off about fifteen points, and is now 255 bid, 260 asked. Standard Screw is offered at 325 with no real bid. Niles-Bement-Pond common stock, on the announcement that the company had declared at 1 1-2 per cent. quarterly dividend placing the stock on a 6 per cent. basis, sah sold lower and is now 172 bid, 183 asked. This is due to disappointment on the part of speculative holders who thought the stock would pay larger dividends. New Departure company common stock has reacted from 172 to 166 bid, 168 asked. Bristol Brass holds firm at 72 bid, 74 asked. The more conservative of our local stocks have hcld firm and some have advanced in price. American Hard- ware is 120 bid, 122 asked wrich is two points above last week's quota- tion, Lander, Frary & Clark, which sold as high as 64 has reacted and is now offered at 60. Stanley Works, which sold at 73, is now offered at 71, 69 being the bid price. Sales of Union Manufacturing company have been at 80, and sales of New Britain Machine at from 77 to 80. Stanley Rule & Level has sold in the neigh- borhood of 390- At the recent meet- ing of the Hart & Hutchinson com- pany stockholders, an increase of cupital from $200,000 to $300,000° was authorized. There have been no sales o7 this stock in the last few weeks. We understand that this company is doing very well and needs the ad- ditional capital to take care of its prospective business. The Insurance company stocks of Hart{ord have been stronger. partic- ularly Hartford Fire which has sald from 750 to 780. Aetna Fire is strong with sales at 378, National Fire is 376 and Phoenix Fire, 385, Standard Fire is stronger at 66 bid, 70 asked. Hart- ford Ilectric Light is also strong at 282 with recent sales in the neighbor- hood of 285. We wish to repeat that the present on, in our opinion is only a tem- 'y one and we believe that fore long an active and advancing market will be in order. buying movement will be started TO HOLD POVERTY SOCIAL. The New Union Britain Christian Endeav- “Poverty So- cial” in the chapel of the First Bap- tist church tomorrow evening will levy fines on any who wear the fol- lowing articles: Stiff collars, or cuffs, silk velvet patent leather shoes, rings, bracelets, watches, necklaces, beads, faney pins, fancy combs, hair cuff links, pins, fancy or any other raiment, which does not have a hole or a patch. or will hold a ribhor socks i p: T s RICHTER & CO. MEMBERS NEW YORK STOCK EX CHANGE. . Represented by E. W. Eddy. New Britain Nat. Bank Bldg. N » NEW DEPARTURE RIGHTS Bought, Sold or Quoted BOODY McLELLAN & CO. MEMBERS NEW YORK STOCK EXCHANGE. 111 Broadway, New York. Kstablished 1879, Stocks and Bonds for Cash or on Margi Direct Private Wire to New York NEW BRITAIN OFFICE, 309-310 N Telephone 10132, AT'L BANK BLDG. ¥. T. McMauas, MORE IRREGULARITY ON STOCK MARKET Gains Outnumber Declines—Tele- graph and Telephone Shares Rise New York, Nov. 4, Wall St, 10:30 a. m.—Further irregularity was shown at the opening of today’s stock market, although gains outnumbered declines. There were additional substantial ad- vances in telephone and telegraph shares, and Studebaker led the =so- called specialties with a gain of 13-4 to 166-3-4. Consolidated Gas was among the conspicuous utilities, rising two to 147. Crucible Steel added to yesterday’s decline with a loss of 31-4 at 723-4. United States Steel was slightly lower on an offering of 2,000 shares, but soon recovered. New York Central was in active demand, but Canadian Pacific denoted in- creased realizing. Minor rails were in good demand. Close—Prices in general were at their best in the last hour, witah a resumption of the early actlvity. The closing was strong. New York Stock Exchange quota- “4ons furnished by Richter & Co. members of the New York Stock Ex- change. Represented by E. W. Eddy. Nov. 4, 1915.. High Low Close 69% 67% 68% 337% 32% 33% 1Y% 70% 71% 87% 863 87 27% 26% 27 618 G9% 61 L106% 106% 106% 68% 66% 68% 92% 91 926 116% 118% | 231 231 128% 120% 52 52 8285, 86 109% 111% 129 ) 95% 913 439 67% 1888 | 59 61% 54 96 Am Beet Sugar .. Alaska Gold .. Am Ag Chem ... Am Car & Fdy Co. Am Ice . . Am Can . . Am Can Pfd Am Loco ... Am Smelting Am Sugar ... Tobacco . Tel & Tel ...130% Woolen cm.. Anaconda Copper . AT S Fe Ry Co.114% Baldwin Loco ...131 B & O . . .. 95% BRT . 9214 Beth Steel .......439 Butte Superior 68% Canadian Pacific .190 Central Leather . 59% Chesapeake & Ohio 623 Chino Copper ... 54 Chi Mil & St Paul. 96% Col F' & I ves 57% Cons Gas .......147 Crucible Steel ... 76% Del & Hudson L164% Distillers Sec . 46% Erfe 1st pfd General Electric ,180% Goodrich Rubber . 75% Great Nor ptd ...127% Gt Nor Ore Cetfs. 61 Inspiration ...... Interborough Interboro pfd ... Lehigh Valley . Maxwell Motor Mex Petroleum ... National Lead .... N Y C & Hudson 104% Nev Cons ........ 15% NYNH&RR . 8T2% N Y Ont & West, 33% Northern Pacific. 117% Norfolk & West .. 121% Pac Mail 8 8 Co . 81% Penn R R 61% Pressed Steel Car.. 71% Ray Cons . 26% Reading ... ... 85% Rep I & S com ... 53% Southern Pacific.. 103 % Southern Ry 2504 Southern Ry pfd . 64 Studebaker Tenn Copper Texas Oil Union Pacific Utah Copper . U 8 Rubber Co . U 8 Steel U 8 Steel pfd Va Car Chemical, . Westinghouse Western Union 59 % 6914 VILLA PUZZLES ENEMY. Carranza Officials Mystified As To Next Move. Douglas, Ariz., Nov. 4.—Alth | thwarted in his attempt to take Prieta, General Villa today was to have Carranza officlals myst| as to his next move. Five hun of his men were said to have ready reached Naco and 4,000 tr it was reported were seen Siraggl along the dusty roads between two points. General Calles was sald to have off reinforcements on the way %o Villa. TO LEAVE OONSTRUOCTION O Norman Smith of Hillside place resigned as draftsman with the lin Construction Co., and has cepted a similar position with MecClintock, Marshall company of East Liberty, Pa. He made many friends in the city ing his residence here and his ing will be generally regretted. a prominent member of th Met] dist Baraca class and an in q in drafting at the Y. M. C. A. ni school and both these orga Erle 4“3y will miss his services. ECONOMY INSURES Extravagance beckons on every hand. The temptation to spend foolishly is ever present, so that e verybody must choose between the straight and narrow path of industry and thrift that leads to finan- cial independence and the broad one of extravagance that leads to destruction of COMFORT AND HAPPINESS This is not putting it a bit too strong, as you must admit if you will look around and see the living examples of the resuits of both courses. Care for your money and it will care for you. A savings account in a good bank is the best place for savings. We pay 4 per cent. on savings accounts. The Commercial Trust Co. e Executor or Administrator. CAPITAL $750,000. M. H. WHAPLES, Pres't. Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORAT (ON organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian SURPLUS $750,000 Connecticut Trust and Safe Degosit Co, HARTFORD, CONN.,

Other pages from this issue: