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

UL NN REVIEW BY CLEWS U. S. on Threshold of Great Com- mercial Expansion Abroad New York, Dec. 31.—A large por- tion of the civilized world is still aining every energy toward de- ction and hatred, instead of con- tion and good will. Exhaustion in front of several of the prents, yet the struggle goes on unquenched ferocity, the chances g that worse bloodshed and worse Btruction must be endured before e end arrives. Only one of the great powers has been able to avoid he conflict, and that, thanks to its seographical position, is the United States, which is also the only nation benefiting in any degree from this unhappy struggle.. On the other hand we have been forced to endure pa- _tiently many annoying inconveniences. We have given generously for relief f the suffering people of all nations, and must, continue this held indefi- nitely out of regard to humanity. Our own particular losses in the war have been chiefly those resulting from the violent derangement of our for- elgn trade. -There were heavy losss on the import side of the account, fPhich were fortunately more than ompensated for by profits on the export side. What we have really gained by the war cannot yet be ac- curately gauged, either as to per- manence or importance. Hitherto, our greatest advantages have been in | opportunities offered rather than in things actually accomplished. Weo have not always availed ourselves of . these opportunities, but now the doors of opportunity have again been flung ‘wide open, with the probability of remaining open: and the United States, without doubt, is on the thres- old of great commercial expansion road. output of manufactures at a 'h lighter ratic than growth ef lation, while its growth in agri- ire barely keeps pace with home ds. It is within the realms of nty that exports of manufac- s will increase enormously with- e present generation, while our Tts of farm products may prac- Xlly cease. Surplus products from ur mills must find foreign buyers, p 8ain which we will be obliged to et foreign competition, selling at Prices, terms, quality, style, etc., that ill command a preference for Amer- pn products. Looking Out, Not in. t would be folly for us to expect t these foreign markets will he In all probability a fierce or supremacy in this respect v er the W particulariy art of Germany. Much of gn commerce will be tem- lost, and she will be serious- icapped in its recovery by ; commercial and even hu- ustion. . Nevertheless, . she a Bupreme struzgle for re- pd by her wonderful or- powers plus her sclentific B and government help she oubtedly rally more vigorous- d effectively than her ‘enemies fire disposed to expect. Great Britain has also suffered in her foreign trade. Mt relatively much less than any of e belligerents, because of her abil- v to keep open the world’s high- ays for herself and friends, while sing them to her enemies. When ar ends Great Britain will un- edly recover more quickly and arger gainer by the war than | the belligerents.. With her pire more firmly welded as a unit pbably than before, with the world e of war for a long period there- er, with her people strengthened, ered and energized by adversity, her territory undevastated, sho be more free than ever to pur- er policy of worldwide develop- and peaceful conquest. Our commercial rival will undoubt. be Great Britain, but in this & will be stimulus without danger Flong as the spirit of fairness and ledom possesses both nations in ir intercourse—and provided al- vs that both nations preserve the gness to reason out all differ- of opinion and interest as for gst hundred years. The great- unreadiness of American man- ers to meet the requirements ign markets, which hitherto ve often been indisposed to a8 a permanency, preferring and ease of the home mar- ntly their viewpoint is illustrated by the in- displayed by many of ¢ business organiza- trade. Slowly but ing recognized that ir our products abrqud ‘pared to buy freely in t excessive tariff check as imports; or in other st avold shutting our- le endeavoring to shut | Our new banking sys- tés the placing of for- it Is now realized that fthe loan, also that if Bel 1to foreign countries st in their developmen M credit more freelr past. The American requires the aid of the ker, who in turn must fucate the American ir- t whose support any ning of foreign mar- impossible. American ust also be induced to ews of business and itions, assuming that 0 find larger fields of d does not_wish to ut of the export husi- P detriment. fer the War. definitely answer the ion what will happen define the new map This country is increasing ! of Europe, or foretell the effects of this struggle upon the monarchies of Europe. Nevertheless, the out- ‘come of certain new tendencies can be somewhat apprehended and read- I justments of great importance are inevitable. When peace comes dem- | ocracy will make great strides, es- | pecially in Great Britain, Germany and possibly in Italy also. Class dif- ferences will be largely modified. A better understanding will be attain- ed between extremes in the social scale; also between capital and labor, partly as a result of the comradeship | bred through sharing common dan- gers on the battlefield or in the trenches. In spite of new animosi- | ties many old ones will be forgotten. Many old problems and many former evils will melt away under the new ones pressing for solution. It is safe to believe that out of this tragic struggle of fire and sword much good will eventually come. In some re- spects the world will be saner and better than before the struggle. Even the bitter hatred now eating into the vitals of nations will gradually soften and disappear. And above all it is reasonahble to hope that no other great war will occur for many yearl to come. Some preventive, in the form of enforced peace if necessary, will be applied. Great changes are to be expected in the formation and purposes of the various governments; and unless all signs fail we are to see a widening of government activi- ties the world over, especially in the industrial field. The war forced Great Britain into socialistic meas- ures on a scale never before con- templated and it remains to he secn whether that government will loosen its control of railroad, insurance, shipping and the manufacturing en- terprises undertaken as war measures. Increased government regulation seems inevitable. How far that will extend into actual ownership remains to be seen. Suffice it to say that Eu- rope has to face a long and unsettling period of reconstruction and read- justment to new theories of social ac- tivities which will cause much un- rest. The reflex action of the war upon the political situation in the United States will also be an inter- esting problem. With its consequent stimulus upon American trade and industry we are already familiar, but whether the unrest and extravagance of this country, derived from prolong- ed prosperity, will be checked as abroad, only the future can determine, This country has not been chastened by serious adversity or overwhelming crises for many vears, and we cannot expect to entirely escape the reflex action of the upheaval in Europe. which sooner or later will reach these shores. Conditions at Home. Home conditions are distinctly bet- ter than a vear ago. Of much en- couragement is the shifting attitude of the government towards big bus- iness from one of open hostility to one of friendly regulation. Harsh in- vestigations and prosecutions have ceased. So also has corporation-bait- ing, because it no longer pays politi- cally, and hurts industrially. The new Federal Commission is at work endeavoring to tackle the stupendous job of regulating the commercial af- fairs of the United States in the spirit of fair play. Its great difficulty will be to decide what is and what is not fair competition. Many of the old political issues which throttled enter- prise for years have ceased to exist, and it is years since business had so little to fear from unintelligent hos- tility as now. While this change is partly due to recognition of the in- jury to capital and labor alike from such hostile polictes, the war was un- doubtedly a powerful factor in this evolution because it diverted atfpntion from old problems and forced atten- tion upon the new. In place of tar- iff, bankthg and other problems we now have such questions as prepar- edness, revenue, shipping, etc., all of which can be'traced directly to the European struggle. The coming year, 1916, will be a presidential year and consequently a year of much talk and little action in the legislature, but in spite of this the political outlook so far as business is concerned is less disturbing than a year ago. The commercial cutlook is also encourag- ing. The year 1915 proved a year of big crops; the largest and most pro- fitable on record. The long era of prosperity which American farmers have enjoyed is assured for another season. Even in the South, where the output of cotton showed a large decrease, growers are likely to secure a larger value through the nearly doubling of prices. Interior merchants are consequently anticipating good business for at least the first half of the new year, and have had to buy freely for the replenishment of empty shelves. . In the East, business has been materially aided by marvellous activity in the steel industry, incited at first by war orders, but intensified and prolonged by what is far more substantial, an awakened home con- sumption. Many important buvers, especially the railroads, had post- poned orders as a matter of econ- omy. With the turn of the tide, this accumulation of business came out withea rush; and the consequence” is present record-breaking activity in the steel trade, which thus preserves its reputation as a reliable business barometer. American railroads have also benefited by these conditions; gross and net earnings for the last quarter of 1915 ywing a most pro- nounced and’ ¢ aging turn the better. In’ industrial world the revival has bPéen more marked than elsewhere. The causes were largely those just named, but the war has been a powerful stimulant in this particular field. The financial sitnation successfully adjusted itself to war conditions; our hanks are sound, and there has been a phenomenal expansion in loans without imperilling the limits of safe- ty, thanks to the successful working of the new banking system and the flood of gold pouring in from Europe, amounting in the last twelve months to about $450,000,000. Money is plentiful and well distributed, as shown by activity in the retail stores on the one hand and a good invest- ment demand on the other. The great- est danger to American prosperity at this time is excessive inflation aris- ing from the plethora of funds and the war, and a special obligation is for | placed upon our bankers to restrain such tendencies. It is estimated that during the year we have taken back fully $1,000,000,000 of our securities held abroad, while we have granted | loans to the amount of about $800,- 000,000. In addition we have taken back large sums of other obligations which, cannot be traced, so that it is safe to say that foreign investments here, which at one time amounted to $6,000,000,000, has been lessened ful- ly $3,500,000,000, showing a most re- markable investing or absorzing pow- er in the United States. By means of these transactions we have greatly re- duced our obligations abroad; our remittances in the future will be less and we will be to that extent better able to meet our domestic require- ments for capital at home. If the war had done us no other good, it has proved and fully awakened us to a reallzation of our financial inde- pendence. Henceforth we will be less and less a borrowing nation, while our ability to lend abroad will cor- respondingly increase. The net result will be to immensely advance New { cludes nearly | self-support. York as an international financial center. London’s pre-eminence in this respect is not likely to be ser- icusly shaken by the war, but New second. Abnormal Foreign Trade. Abnormal conditions continue in foreign trade. During the twelve months ending November 20th $1,336,000,000 more than a year ago. Imports during the same period $128,000,000. for this period and it is estimated that the excess for the vear ending December 31st will approach $2,000,000,000. This phe- nomenal expansion was chiefly to larger shipments of foodstuffs and munitions, the latter including any- thing from explosives and firearms to mules and automobiles. It has been practically offset by loans, gold imports and foreign sales of exchange situation was decidedly ser- | icus and caused a marked deprecia- tion in the pound sterling. As a re- sult, however, of the Anglo-French loan and the recent mobilization of | British credit, exchange has greatly improved and now appears to be well under contrel of London bank- ers, so that no further crisis such as was seen last summer | is likely to be again experienced. The chandise were to the belligerent na- tions; Gérmany and Austria excepted. The British empire is now taking nearly one-half of our exports, and France, Italy and Russia have also been much heavier buyers than us- ual. Of course, our foreign trade, enormous in bulk, is too abnormal or one-sided to be really satisfactory. When the war is over readjustment to a peace basis will be necessary; but a return to former conditions need not be immediately expected. Should inflation put this country upon a high- price level, the necessary readjust- ment will be all the more awkward and difficult. Great Britain, Ger- many, and France are almost sure to be upon a much lower cost basis after the war than ourselves. For a time France and Belgium will bo actively occupied in reconstruction, but it seems that both Great Britain and Germany will escape with litile destruction of cities or plant. Both these countries will again engage in fierce competition for foreign markets, and unless we are prepared to meet this competition, we must expect to lose a very considerable percentage of the advantages recently gained in foreign markets. It may be that wages in Europe will not be able to match some of the articles made in the United States, these being prob- lems that must be worked out in the future. In this connection, one other thing must not be forgotten. Suc- cessful trade must always be of mu- tual benefit, or it cannot last. Eu- rope's losses and misfortunes can- not premanently be our gain. The more impoverished Britain, Germany or France become, the less able will they be to buy from us; and. less we buy from them the less we can sell. As in domestic trade, so in foreign, real prosperity lies in as abundant and free an interchange of products as possible, all friction and interfer ence inevitably meaning losses. Local Outlook. The position of the stock market is | vastly better than a year ago. This fact has been largely discounted by | the rise which culminated in October. reached $1,730,000,000, a decrease of | The excess of exports | was $1.707,000,000. | due | credits, | securities, etc. For several months the | | vessels to New York to help break the | certainty. greatest increases in exports of mer- | | ordered from the Midvale Steel com- | be rolled at seaboard. | & T., which earlier bought 15,000 tons. The decline since then was largely in the industrials most affected by the war, it being recognized that their | abnormal profits cannot continue for the reason that the belligerents are ! now better able to supply their owi munitions. Nevertheless, many of the industrials will benefit from the legitimate revival of business induced by a rich harvest and the late ple- thora of money. The railroads, how- ever, stand to benefit more substan- | | tially than any other class of invest- ments from present conditions. Their earnings, gross and net, are showing most encouraging gains. Operation has usually been reduced to the low- est cost, public hostility has been greatly lessened, and a realization ex- | ists of the harm that has been done, so that the outlook for this great in- dustry is better than for several vears. There is the possibility of a | too free return of American stocks and bonds held abroad; but this is hardly likely because the British gov- ernment, through its —mobilization scheme, will control British selling | and will not intentionally spoil its own market. Besides, the amount of such investments for actual sale | cannot be large, and much of what remains consists of high-grade in- vestments held in trusts, etc., and likely to remain abroad. At this writ- ing, the chief obstacle to a more ac- tive and stronger market is the pros- pect of dearer money and the com- ing presidential election, which prom- ises to be a warm contest. The war has thrust aside many of the old is- sues, and in place of corporation and | money trust-baiting, we already have preparedness, revenue and shipping. A prolonged discussion seems proh- able over preparedness, and owing to | a clever and persistent propaganda. there of the peopl:» being stampeded by ungrounded fears into appropria- { for the Cuban Railways, | been made on the new basis. | at about $17 and tions for a much larger fleet and ar- my than necessary. When peace comes none of belligerents will be in a condition to be anxious for another war for some time, at least. Hence none are likely to have serious de- signs upon the United States, and if they did, a quick strengthening cf our navy on defensive lines and the creation of a reasonable and up-to- date army would meet the require- ments for defensive purposes. It is absurd to believe, as one estimable authority would have us, that we need as large a navy for our protec- tion as the British empire, which in- one-quarter of tho world’s population, territory and trade. Great Britain has a widely- scattered empire and her people live upon an island wholly incapable of The United States is a continent, has unlimited resources, agricultural and mineral; and no for- eign army, even if it landed, could go bevond the coast for more than a few miles. There is no sound ren- son why we should lose our poise and be swept off our feet into militarism or navalism, the consequences of ! which have proved so ruinous to oth- ers. Still, I believe in amply pre- | paredness. York promises to soon become a good | HENRY CLEWS, GREAT PRESSURE our | exports aggregated $3,437,000,000, or | FOR HOME ORDERS Steel Companies Turn Mills to Domestic Trade New York, Dec. 31.—The Iron Age said yesterday: The British and ments French govern- their New York agents are putting forth every effort to get and deadlock in steel and munitions ship- ments, but the situation is full of un- Meanwhile the steel com- Panies are turning some mills to home orders on which there has been great pressure for shipments. Generally new buying of finished steel for domestic use has quieted down, and there is satisfaction at this, as the feeling has been growing that price advances have gone beyond safe bounds. Lake shipyards, for example, see a check to vessel building in a 1.80c basis for plates, which means that an ore carrier cost $60,000 more than when plates are 1.05c, as at the beginning of the year. Holiday Interruption. Mill schedules have had a mini- mum of holiday interruption, in con- trast with conditionis one year ago. The export embargo caused some holding up earlier and this is one factor in the considerable increase in unfilled orders expected in the Steel corporation’s statement. Mills are carrying over into January much low- priced business booked for this year but beyond their power to roll. The railroad embargoes on iron and steel and coke have crippled a num- ber of New Jersey and New England foundries. In Connecticut several foundries have shut down for lack of coke. In other cases foundries have been forced to buy prompt pig iron at high prices from furnaces on rail- roads which are still accepting pig iron. Estimates Grow. Estimates of the scale on which war steel will be bought next vear grow rather than diminish. France has pany 384,000 8.8 to 11.8-in. shells, while heretofore only rounds and bil- lets have been bought here. An in- quiry for 33,000 net tons of rounds for France has brought out a 2.90c price. Another lot of 80,000 tons for export is pending in New York. Barb wire for France is again in de- mand on a large scale, about 30,000 tons being bought this week, much of it at 3.25c. Sold Up to October, 1916. The rail mills of the Steel corpora- tion are now sold up to October, 1916. The Southern Railway has placed 23,000 tons, of which 12,000 tons will The same mill has taken 15,000 tons for the M. K. The Texas & Pacific has bought 7,000 tons from the Tennessee company and the Lackawanna Steel company has booked 4,000 tons for the Interna- tional Railway at Buffalo, 4,000 tons 5,000 tons for the Burlington and 3,000 tons for the International & Great Northern. Tin plate has advanced 15c a box to $3.75 and several round sales have Export | tin plate has sold as high as $3.80. Demand has been coming on a large scale from the far east and contracts have been made with consumers there running through 1916. Welsh tin- plate makers are much concerned over the loss of much of their export trade to the United States. Situation Stronger. The foundry pig iron situation is stronger and there has been consider- able buying in spite of the holidays. At Buffalo the greater part of the 75,000 tons of resale iron that has been a factor in that market has been disposed of. The first sales were made later sales at $18 for No. 2 X Furnaces on the south | shore of Lake Erie have advanced | prices 50c a ton. Southern iron is for the most part on a $15 basis or higher. Foundry operations are on an increasing scale, but there are evi- dences of overbuying of pig iron for the first half. As in finished material, some part of the bookings for first | half are likely to be shipped in the third quarter. Canada in an order of December 27 has prohibited the shipment of steel scrap to this country. In view of the large amount of steel sent from this side to Canadian munitions plants, a modification of the order will be asked for by shippers of ihis steel who have been importing Canadian scrap. { row morning at 7:30 o’clock and 10 Suite for Stout Women a Npecialty. Now that we turn the leaf and begin in the year 1916 Just a word in passing—QOur growth makes us believe that the public likes —For Man, Woman and Boy Starting Monday morning our doors are open to wel- come you bargains throughout our entire store to City Items Semi-annual sale starts at Hal- joran’s today. Open tonight.—advt. Daniel Pouzzner, former Berlin correspondent of the ‘“Herald,” has been selected as a reporter on the Syracuse University paper, The Dally Orange.” T he paper has thirteen re- porters and they were selected from seventy candidates. Mr. Pouzzner is a student in the law department of the class of 1919. Join New Britain National Bank's Christmas Club tonight.—advt. PANAMA-CALIFORNIA EXPOSITION CLOSES Will Be Succeeded at Midnight by the Panama-California Interna- tional Exposition. San Diego, Cal., Dec. 31.—The Pan- ama-California Exposition, after a full year’s operation will close finally at midnight tonight and will be succeed- ed by the Panama-California Inter- national Exposition which also is to continue for twelve months. The passing of the old and the launching of the new exposition will be made the occasion of a gala cele- bration. Formal official ceremonies tomor- row marking the opening of the new exposition will be participated in by Commissioners from foreien coun- tri government representatives and the governors of several western states. SCHMIDT CONVICTED ON MURDER CHARGE Jury Fixes Penalty at Life Impris- onment—Council For Condemned Man To Ask For New Trial Lds Angeles, Cal., Dec. 31.—Mathew A. Schmidt, who was convicted of murder in the first degree last night, as an accomplice of James B. McNa- mara, in the blowing up of the Los Angeles Times Building here Oct. 1, 1910, will appear in court next Mon- day for sentence. The jury fixed the penalty at life imprisonment. His counsel will file a motion for a new trial and it has been agreed that the case will be continued until Jan. 12 for arguments on the motion. David Caplan, who was indicted with Schmidt on the same charge of which the latter was convicted—that of having murdered C‘harles Hagger- ty, one of the twenty victims of the I.os Angeles Times explosion, also will appear in court Monday. Caplan's case was to have been set for trial that day, but this matter also will be continued until Jan. 12. MAY HELP FREIGHT SITUATION. 1. C. C. Declines to Suspend Schedules for Reduction of Time Allowance. Dec. 31.—The commission Washington, inter- state today declined to suspend schedules of the Pennsylvania, New York Central and other trunk line railroads which pro- vide for a reduction from thirty to fifteen days in the allowance of free time on export freight. This means that the commission has approved the free time allowance reduction beginning Jan. 1. It may improve congested freight conditions at the port of New York. The reduc- tions apply also to freight shipped to Boston, Philadelphia, Baltimore, Norfolk and Newport News. commerce TO OMIT SERVICE. The service scheduled for this eve- ning at St. Mark’s church will be omitted. Services will be held tomor- RICHTER & MEMBERS NEW YORK STOCK EXCH, Represented by E. W. Eddy. New Britain Nat. Bank Bldg. 20 SCOVILLE MFG. CO. 40 NORTH & JUDD 40 NEW BRITAIN MACHI 30 UNION MFG. CO. FINANCIAL NE GENERAL ADVANCES |AMERICAN B ON STOCK MARKET NOW AS HI Broad Buying Results From Out- | Bristol Brass to P come of Austrian Situation New York, Dec. 31, Wall Street, 10:30 a. m.—The last day of the year on the Stock Exchange opened with wide and general advances, the out- come of the Austrian situation being signalized by a broad buying move- ment. United States Steel's initial offering consisted of 12,000 shares at 89 to 891, an overnight gain of two points and duplicating its maximum of the last five years. Shares of the so-called war classes were one to three points higher, with especial strength in Studebaker, Bald- win Locomotive and Republic Steel. Coppers rose more moderately, like- wise rails, but the oil group added substantially to recent gains. Close—Oils, Mercantile Marine pre- ferred tobaccos and other high priced issues dominated the later dealings. The closing was strong. New York Stock Exchange quota- dons furnishea by Richter & Co.. members of the New York Stock Ex- change. Represented by E. W. Eady. Dec. 31, 1915 . High Low Close Am Beet Sugar .. 70 69 70 Alaska Gold ..... 25 25 26 Allis Chalmers ... 31% 31 31% Am Car & Fdy Co. 78% 78 781 Am Ice 26% 26% 26% Am Can .... 617% 60% 61% Am Can pfd .....112 112 112 Am Loco .. . 69% 68% 69 Am Smelting ..108% 105% 108% | Am Sugar L.116% 114% 116% Am Tobacco ..206 208 206 Am Tel & Tel L. 127% 127% 127% Anaconda Cop 91% 89% 91% AT S Fe Ry Co.108% 108% Baldwin Loco ....119% 117% | B&O ..... .. 96 96 i BB T .. 88% 88 | Beth Steel .......460 459% | Butte Superior 2% 2% Canadian Pacific .184% 183 | Cen Leather ..... 64% 54% Ches & Ohio . 641 64 | Chino Copper ... 55% 553% Chi Mil & St Paul.101% 10014 Col PUR T .08 5214 Cons Gas .144 144 Crucible Steel 3% 73 Del & Hudson 153% 1583 o'clock. Holy Communion will: be administered at both services. l Distillers Sec 481 488 Erie 44 43% Erie 1st pfd 59 59 General Elec ....174% 174% Goodrich Rub ., 76 % 75 % Great Nor pfd 127 127 at 69-70 that Henry city, author and lecturer d Gt Nor Ore Cetfs. 51% 51 Inspiration 46 46 Kansas City so .. 32% Lehigh Valley 82 Maxwell Motor 6% Mex Petroleum 124% National Lead 67 N Y C & Hudson .110%% Nev Cons ........ 16% NYNH&HRR Y% N Y Ont & West .. 31 Northern Pac . 118% Norfolk & West ..122% Penn R R 59% Ray Cons .. Reading Rep I & § com Southern Pac Southern Ry Studebaker .. Tenn Copper Texas OIl .. Union Pac Utah Copper . U S Rubber Co . U 8 Steel .... U 8§ Steel pfd Va Car Chemical, . Westinghouse Western Union Willys Overland TAFT AND RICE CONFER. Washington, Dec. 31.—Former President Taft as head of the execu- tive council of the American Red Cross has had a conference with Sir Cecil Spring-Rice, the British ambassador, | respecting the admission to Germany and Austria of American hospital supplies intended for Red Cross or- ganizations. A satisfactory under- standing was reached. 76 123 110% 16% 31 118 121% 697% 256% 84 55% 104% 24% 167% 631% 88 7% 117 495 69% 49% 69 884 236 236 ty-five thousand 66% | brandy and rum confiscated state emptied in a sewer here 77% | The process required three work on the part of the who worked in relays in ord vent being overcome by the . la. 88% da tween would not be inaugurated Ji had been planned. ginning of the service will bd shortly. at 8 o'clock nual church to a close shortly after midnig Cent, iDvidend Ji Today, renewed act] can Brass was the fi Hartford Stock Exch: quotation on this sec 276. Bristol Brass wi 1-2, but thi not include a dividen one-half per cent. pa ary 10, All other local stocl boards at the followin 890-900; North & American Hardware, 1 ard Screw, 265-280; Pond, 190-192; New B 82-84; Union Manufad pany, 83-86; Landers, 63-64; New Departure, vil Manufacturing, 48 Works, 72 1+2-78 1-2, Surety, 208-2132, TO PASS ARODUND S Taylor's Comet Which Barly in the M Cambridge, Mass., Dec| Comet, discovered early and visible through in the northwestern skis its passage around the according to calculation: the Harvard Observator; Prof, A, O. Leuschner, d students observatory, at H The orbit of the comet| short one, requiring not ive years to make the jo from the sun. It was light of the comet was gradually. AVERTISING BAR Pittsburgh, Dec. 31.--Al advertising, especlally thoj dars are barred from cou | federal offices according received here by the Unj marshal from the attorne; Washington. The notige the department of justice 3 hnew calendar bearing t ment’s seal and requests t! substituted for any now | H. T. BAILEY 8| Boston, Dec. 31—It was Turner Baile; educational subjects, had lected by the National bure cation to assist Philander United States commissione; tion in making a survey of schools of San Francisco. will leave for the west nexi 32 5132:' SEWER GETS BRANDY Charleston, W. Va., Dec. pints of] prohibition departme TO GIVE RECITAD A piano recital will be gi Theron Hart at the South C] tional church on January 2 Lilllan will assist Mr. Hart during 4 ning. der the auspices of club and the members of t! rey, |17ation will have charge of 56% Jof tickets. Eubanks, a messo The recital will be the TRAIN Berlin, Dec. 31, m.—Announcement was y that through train se Berlin and Con BAPTIST CHURCH N The annual meeting of the Aid society will be held this At 10 o’'clock ) service o It win “Watch Night” will be held. BUY OHIO OIL A Standard Oil Subsidiary which nets 149,. stock should sell for $1000 a share and is the best p chase among all the Standard Oils. Reasons why, fg the asking. JOHN H. PUTNAM & CO. 49 PEARL ST. HARTFORD, CONN. 318 MAIN STREET. SPRINGFIELD, 68 BROAD STREET, NEW YORK. SERVICE POSTPO via Londg he date —