New Britain Herald Newspaper, March 25, 1916, Page 11

1916. NEW, BRITAIN DAILY HERALD, SATURDAY, MARCH 25, LYMAN GAVE $25,000 TO HIS RELATIVES into the state but no guarantee of this could be given. The interstate com- merce commission viewing the tion is determined to get cars unload- ed at any costs and wherever cars are found standing idle and ths con- GAIN IN N, B. MACHINE Chestnut Street - Manufacturing Con- N0 SOLUTION FOR RICHTER & CO. MEMBERS NEW YORK STOCE EXCHANGE. ]TORD ONE PRICE cl? Represented by E. W. Eddy. New Britain Nat. Bank Bidg. Tel 840 114116 ASYLUM ST. 2 4 Y MK lton $Son cern Jumps Up a Point Today and AR SHORTAGE OF COAL ~ Railroad Gompaniyilgs Completely Tied Up, Officials Say The meeting of the Connecti Chamber of Commerce delegates with the New Haven road officials in New Haven yesterday with a view of ing the freight question and secur the lifting of the embargo long enough to get shipments of coal into Connecticut resulted in no tisfac- tory arrangements. The railroad of ficials protested that they are doing everything in their power to relieve the situation and will continue to do so, rantee that it will The road is completely clain. State but can give no g the demand. tied up, they satisfy Faces Coal Fan This the situation through- out Connecticut just where it was and leaves New vn with less than supply coal on hand. \bluated reports presented at the meeting yesterday from twenty-four various towns and cities about the state showed the proximity real coal famine here. One sizable town hiad but seventy-tive tons and anoths town could scrape together buz fifty tons. It shown that there is not more than ten days’ supply of coal for families in this state present, including that which has been shipped but not delivered. The railroad «delegat all po tangle seven big York with commissione tion. tories &l leaves v week's of was officials informed the company is doing to straighten out thc h day the presidents of railroads meet in Ne an interstate commerce and review the situa- In extreme cases, such as fac- A closing down or dealers clos- ing up because of lack of coal, the: take immediate steps to rush a small quantity through. By thus taking care of isolated cases they hope to tide matters over until the congestion s relieved. Cannot Lift Emba impossible to lift embargo at present, the were informed. and only weelk the Pennsylvania Railroad was compelled to place an embargo on consignments to hospitals and similar places where a scarcity of coal would work a great- er hardshiy In New York city there are 25,000 freight cars to be unloaded and distributed. In Philadel- phia there are 8,000 and in the smaller c the freight vards are tied up in proportion. Hope was expressed by the railroad juen that within a week or two it may be possible to lift the embargo for day at a time and dribble a supnly the Tt is the freight delegates ies | signees taking no steps to unload, the railroad plans to unload the cars by | the roadside. The result of yesterday's meeting was the naming of a committec from the state chamber of commerce and the railroad to keep in daily touch with the situation and see what can be done towards Increasing the coal supply. Each chamber of commerce and businessmen’s association in the state presented a list to this commit- tee today stating just how much coal is in their respective places and just what is at present en route from the mines. Secretary Andrews of the New Brit- ain Chamber of Commerce and F. H. Johnston attended yesterday’s meet- ing from th OPPOSED TO CAN 9 U. S. Marines at Ha Glad 1t Was Abolished. Gonaives, Haiti, March debate held by member of the Tnited States Marine Corps on duty at thi place, 97 voted for and 11 voted against a resolution that, “aside from the personal liberty issue involved, the abolishment of the canteen was a splendid thing, and we members of the United States Marine Corps, on duty at Gonaives, are solidly against any movement looking to its restor: tion.” The Marines at Gonaives say they are not more temperate or abstemious than other U. S. Marines serving over the world. Will Be Held in Bristol Monday ning of Next Weck- ve- The New Britain Christian Endeav- or union will hold its quarterly meet- ing at the Bristol Baptist church hapel Monday evening. Two new ines of activity will be inaugurated tnd therefore the meeting is an Jortant one. Leon Soper, formerly president of | he -Federated Young People’s society | will give a talk on a new phase of C. B. work. The local societies will leave m the 7:35 o’clock dinke im- THE LURE OF THE MOVIES, of 141 Chestnut ined to the police iged 7 and 11| vears sectively, who are affected | by the lure of the movies. Last night i the irate parent came to headquarters | and complained that his sons visit the | Scenic theater every night and when | he goes there to bring them home | the management will not permit him | to enter without a ticket. His case | was referred to the prosecuting attor- ney. Peter Samonis street has compl | Steel common, worth { also had : Steel Alleged swindler Transferred Stocks to Wife, Baby, Mother-in-Law The New any, which ha and Others, ishing busines the Hartford stock and gained a point Union Manufactu zained, selling stocks remained ing price Bristol Bra Brass, 271-273; No 103; Amerl Standard Screw, Eement-Pond, 61-62; New Stanley Works, Peck, Stow and New York, March second amended bankruptey filed yesterday against John Grant Lyman, a now indicted for using the mails to fir defraud a brokerage busine leges that just prior to his d ance on February 11 he transferred stocks valued at $25,800 to his wife, his infant son, his mother -in-law and others. The petition is filed by Rudolph Guenther, Inc., and the American Mul- tigraph Sales Company, who claim respectively $1,505 and $17. It al- leges that between February 1 and 9 Lyman transferred twenty-six shaves of Standard Oil Company of California stock, worth $7,800, to nis wife, Leo- nore; ten shares of Ohin Oil stock, worth $3,000 to his infairt son, Grant M, Lyman; 100 shares of United States $10.000 to Jane Hartman, his mother-in-law, and $5,000 to Louis B. Thoret, whe ran his brokerage business under the name of John H. Putnam & Co., at 68 | Broad street. Lyman had before his 464 in cash and checks, tha p. saye, of which $35,000 came two banks and $5,464 was a ce check of Renskorf, Lyon & Co. 100 shares of United common. When Ly: caught in St. Petersbursg, February 24 only $15.000 was report- ed found on him, but he said he had $34,000 in all and did not know where the remaining $19,000 went. by 73 Locomotives, Equipment Has T Ma ar New Haven, tives, coaches stock to the value been added to the | the last two vears to the value of Leen ordered but cording to a night by the corpor Of the 1,236 ordered in the from September 1, ary 1, 1916, 477 livere come 100 zage cars, mail cars, 20 6 club cars, 15 cars, 50 cabooses, ne, 15 mult ©nd 26 multiple un Might Fla., se inc es, 171 ———— . City ltems { | A daughter has been horn to Hr. and Mrs. George Humphries of 3 Xel- | There are sey street. j crdered but have lJivered. Of these, 1otives and are Fifty powerful | lives are promis President Corbin Screw can Hardwa turned from J. H. Wickham, general o nizer of the International Machinists’ union will addre: an open meeting of the local branch in Machinists’ hall to- morrow afternoon at 3 o'clock. Rev. M. S. Anderson entertained ! the members of the Gospel Emman- | ual church at his home on Prospect street last evening. | Dr. F. N. Seerley of Sp feld will ! the week shows deliver an ddr on “Sex Hygiene” | 2 70 reser to mothers at the Y. M. C. A. Wedn | iegal requiremen day afternoon, April 5. j crease of $7,132,1 Charles Glover of the Division of the Ameri- | corporation has re- | C 1 a trip to the south. f which has not be | the road nor to it time.” These loco the main lin New York, ment of actual cor ~ “JoChase the Chill- - BurnSocony Kerosene HERE'’S nothing like a_good oil heater for warming up chilly places and helping out the regular heating system in extra cold weather. An efficient oil heater (we recommend the Perfection Smokeless Oil Heater) will give ten hours of clear, odorless heat on a gallon of kerosene. SAFEST It will not and BEST smoke and it will not give off (.)dor,'so long as you are careful to fill it with reliable fuel. The best way to make sure of always getting safe, clean, dependable fuel is to buy it by name. Say “‘Socony”” (So-CO-ny) to the grocer’s boy when he comes to take your oil can. Socony Kerosene Oil is the name of the Standard Oil Company of New York’s best kerosene. It is a quality product—so much better than ordinary kerosene that it is decidedly worth asking for. If your dealer sell will display the Look for this sign. rays to recognize a reliable dealer. of the easiest s genuine Socony Kerosene he Socony sign in his window. It is a quality sign and one We recommend the following oil burning devices as the best of their kind: New Perfection Qil Cookstoves and Smokeless Oil Lanterns. Standard Qil NEW YORK-BUFFALO Water Heaters, Perfection Heaters, Rayo Lamps and Company of New York Principal Offices ALBANY—BOSTON Britain showed ng -64 1 Hardw Departure, Coaches $4,500,000 statement ration. piec twenty-eight coach baggage milk i prove the reliability of CLEARING HOUSE REPORT. March So Does Union Mfg. Co. Machine com- been doing a flour- activity on exchange today , selling at 82-84. company also $3-83. Other at the follow- (e rm American Judd, 100 124-1 88; rth & Lander: 182-185 i Wilcox, TO SPEND MILLIONS FOR ROLLING STOCK ' and 3een Ordered by New Haven Road. Locomo- 1d other rolling of $6,000,000 has rch equipment within | stock ha and rolling more delivered, issued not las s of equipment Other | months | HARTFORD. Suits for Stout Women a Specialty ANNOUNCING THE NEW SPRING DISPLAY OF THE ; FAMOUS H. 0. P. - Clothes For Miss and Lady. In announcing our Spring Dis- play of H. O. P, Clothes we wish to lay especial emphasis on our Suits for miss and lady. We want vou to see their exceptional style, high quality and great de- sirability for the average woman. H. O. P. CLOTHES stand at the top in the clothing trade; they are acknowledged to be without an equal for character, styles and price. They guaranteed the smallest detail. SUITS $14.95 are down to | 1o $50.00. 1913, up to Janu- | pieces have been de- | lude 3 electric lo- 39 smokers, baggage and and smokers, cars, 15 postal 1 crane, 1 wreck- iple unit motors it trailers. 15 units that have been not yet been de- 89 are steam loco- funeral ca passenger in August the satisfactory for some will go on locomo- “to im- ‘n patrons mot The ate- nditions of clearing s ! house banks and trust companies for | hold of that they ve in excess This is from last a 10 week service, | to | de- | WEALTH WASTAGE - BY WAR ENORMOUS | Almost Unbelievable Sums Being Spent By Battling Countries | | (Special to the Herald ) York, March 1916.—The of 1th merely imperfectly Accurate figures are not not the and e | cea, diverting the cnergies of millions of men from con- New we | | was enormous through war expenses i | understood. include on ailable, and could estructionn of property land nor the loss from | + | structive to destructive efforts. Ger- many’s monthly are | estimated at about $500,000,000, and the amount of $10,- war expenses r credits to when about end of 1915; louns aggregating additional 500,000- | 000 have been announced. Germany’s debt at the end of this y what it annual interest 580,000,000, Germany also helped Bulgaria, Turkey Austria-Hun- gary; the latter spending about $300,- 000,000 monthly, War costing Great Britain nearly $ 000,000 daily, or over $7092,000,000 monthly, and credits amounting to $8,000,000,000 had been voted up to the end of 1915, since when another $2,000,000 €00 have been announced. Gr Britain has also aided in financing France, Russia, ITtaly, Belgium, Ser- bia and Montenegro, and the Chan- cellor of the Kxchequer recently E: ted that Great Britain will sub- sidize her Allies to the extent of £2,000,000,000 during the current financial vear. France borrowed about $2,00,000,000 during the first vear of the war. Italy is spending nearly $100,000,000 monthly on war, since ar will be about ten times was before the leaving charge of approximately war, an has finance and is $5,000,000,000 up to January 16th. But these terrific outlays are merely a part of the penalties of war. The cost of living has advanced seriously in all of these countries. Food has risen over 40 per cent in Great Brit- ain, over 60 per cent in Germany and probably still more in other belliger- cnt countries, All the belligerents are facing inflation in varying de- srees, and they are handicapped in international trade to the extent of from 7 to 38 per cent, according to their relative credit, which is event- ually deflected in high priced com- Of the untold human no measure can be taken in rful war bill which Europe must pay for in this and many suc- ceeding generatior Market Hit By Peace Premature a slump in carly portion these rumors k. caused peace reports war stocks dur the of the week, but when proved false, recovery rromptly followed. Peace is prob- ably in sight, and may come earlier than expected, yet it ig still dreary months away. Germany continues making a splendid fight, but grows apparently weaker time progres- ses, while the Allies gain in strength. Undoubtedly the latter will persist in pursuing their advantages to the limit, judging by the utterances of their national leaders and by the en- ormous new contracts for rations and other supplies still in process of negotiation. When peace, however, arrive—and i coming should hastened by every possible effort— it will vitally affect the securities market. The war group when it s the end of its feverish prosperity must be expected to decline material- 1yv; while, as to s effect upon other shares, that remains to be seen. Tt s not yet appear that peace would injure American stocks as a whole. In some respects it would certainly benefit them, For instance, the in- fiux of American securiti from 600,000,000 had been voted up to the and Russia had spent a total of about ! | tors in 50 shs Landers, 50 shs Peck, Stowe & Wilco 50 shs Stanley Works Frary & 50 shs Union Mig. Co. FINANCIAL NEWS MARKET STAGNANT, WAR RUMORS HURT | Rails Yield Most of Yesterday's Gains and Are Heavy New York, March 25.—The market was stagnant, with mixed price changes, during today's short session. News of further marine disasters in the European war area acted as a par- tial restraint, but traders were in- clined to close out standing contracts apart from this development. Rails yielded most of yesterday’s gains, Reading showing marked heaviness. Investment issues evinced a like trend. The closing was heavy. Bonds were irregular, but Anglo- French fives were firm. 10:30 a. m.—Fraectional changes, with a preponderance of gains at- tended today's early dealings. Trad- ing was light, offerings being mostly in small lots. The only exceptions were Reading and Kennecott Copper which changed hands in amounts ranging from 1,000 to 2,200 shares. Advances included Baldwin Loco- motivesf American Zine, American Linseed Common and preferred, Pitts- burgh Coal preferred and Mexican Petroleum- Gen. Motors recovered some of its recent loss, rising 28 to 480. Crucible Steel, Studebaker and Southern Pacific were silghtly 'lower Anglo-French bonds were strong and active, New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy. March High 30 1% 30 71 Allis Chalmers Am Beet Sugar Alaska Gold Am Ag Chem Am Car & Fdy Co. Am Ice .... 28% Am Can ...... 62 Am Can pfd .....111% Am Loco 6% Am Smelting ..101% Am Tel & Tel ...130% Anaconda Cop 861 AT S Fe Ry Co..103% Baldwin Loco ....105% B & O . 885 BRT 85% Butte Superior 993 Canadian Pacific .168% Cen Leath . 56 Ches & Ohio 644 ino Copper .... b4 Chi Mil & St Paul. 94% Col F &I Crucible Steel . Distillers Sec Erie = Goodrich Rub Great Nor pfd .. Gt Nor Ore Cetfs. Inspiration Lack Steel Lehigh Val Max Mot com .. Mex Petrol N Y C & Hud Nev Cons Northern Pac Norf & West . Pern R R ... Ray Cons .o Reading .. Rep I & S com . So Pac . So Ry o Studebaker Tenn Cop Texas Oil . Third Ave Union Pac .. United Fruit . Utah Cop .... U S Rub Co . U S Steel Va Car Chem ‘Westinghouse 6614 Western Union 9034 Jwiuys Overlana ..230 20% 68% 69 445 47% 78 78 703 L1083 ..106% 1T 114 .122% 567% 24 88 61% 99% 21 62 .13 144 8114 52% 851 46 abroad would quickly cease. Ex- change would resume more normal conditions. British necessity for selling holdings of Americans would come to an end, and Germany has practically parted with all her Ameri- can investments. The frightful des- truction and diversion of capital for war purposes would stop, and the tendency toward drearer capital would consequently gradually disap- The mental depression now yreighing upon the whole world would materially decline, and mnew hope with its refreshing stimulus take its place. As capital cheapened with diminished waste and returned to normal rates, the effect would be helpful to American shares and bonds. American capital now going W eful expenditure would once more be turned into productive en- terprises. Many a new venture has 1iad to postponed for the past vear or two because of the insistent demands for money. Our and our factorie: would difficulty in securing the funds they now require. On the other hand, our export trade would be vitally affected by peace. The ex- ports of munitions would cease with the execution of present contracts. This would mean 1 traflic for our railroads from that source. Imports might revive partially, but it is well to remember that Europe will be able to sell us little and buy only rigid necessities for some time to come after the war. For foreign trade speci we will be obliged to seek new fields, particularly for exports; and this our financial and industrial leader: dy fully alive to. So much for the principal foreign fac- this stock market, Wealth Not Exhausted Yet. Domestic influences will begin to exert their natural influences when the war is over, if not before. Peace will overcome the forces which have completely dominated this stock markete for nearly two years. Money, crops and industrial conditions will once more become the main factors upon which to form intelligent busi- ness opinion. For the time being e are generally favorable. There 1 a great abundance of loanable funds at reasonable rate and in spite of the great expansion of credit there is as yet no sign of serious weakne: nor is there any likelihood of such while our bankers contjnue their conservative policy in loans and ear. be foreigr railroads have less into | our gold supply is adequately mal tained, While we are still feel the benefit of last vear's big harve the outlook for the coming o season is still indefinite. The ind trial situation however is exceedin, active, and outside of industries fected by the war there is a distin| revival in enterprise. Labor is wi | employed and securing good wa The cost of living has advanced so! what, but nothing in comparison wif the rise abroad. Building ingly active in the principal citi | Railroad traffic is very heavy, and i big roads are reflecting their { proved financial position by placin} | iiberal orders for new equipment. i the steel trade there are as yet nl signs of reaction, unless it be tha | prices have risen to a point whiel | ¢bliges in many cases a postponemel of orde The steel industry is how | ever extraordinarily active, the outp | of pig iron having practically doublel in a little over a year. This count: is now making iron at the rate of nearly 40,000,000 tons a year, Thy textile and clothing industries are als: enjoying unusual prosperity. As ye| there are no signs of reaction in an of these lines of industry. On th contrary, those best informed antiei pate a continuance of activity at leas| until the end of the year. Our min eral industries are also running at toy notch, earning unprecedented profits| The monthly compilation of dividend returns reported a distribution o about $200,000,000 in April, an in or se of more than $18,000,000 oves t vear. Exports are still running very heavy. Taking the situation as a whole, the outlook is exceedingly satisfactory; although it shouid be re- membered that many of these stimn. | lating influences have been liberaily counted and the market is still uns avoidably dominated by events in thel theater of war. Politics at home have assumed & Guleter and less disturbing phase, Mexican problem, hewever, ous potentiulities and v become a factor of impor- tance if more scrious military opera- tions prove necessary, as is not at alj vnlikely, Mexican securities have raturally been more active, and will fluctuate In sympathy with the fors tunes of war. The securities market at the moment is between two fires, Europe and Mexico, which calls for a falr amount of conservatism HENRY CLEWS ———— organized and qualified th trustworthy service, to act M. H, WHAPLES, Pres't. nnecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION rough years of efficient, as Conservator, Guardian Executor or Administrator. CAPITAL $750,000. Connecticut Trust and Safe Deposit Co. SURPLUS §750,000 HARTFORD, CONN, o e