New Britain Herald Newspaper, April 29, 1916, Page 11

N NEW, BRITAIN DAILY HERALD. SATURDAY, APRIL 29, 1916. “THE PIGTURESQUE SIDE OF CALIFORNIA” § A Delightful Travelogue * BY JAMES W. ERWIN OF SAN FRANCISCO REALISTICALLY DEPICTED BY BEAUTIFUL VIEWS IN NATURAL COLORS AND MANY INTERESTING MOTION PICTURES WEDNESDAY, MAY 3, AT 8 P. M. Under the Auspices of the Sunday Scheol. ADMISSION 25 CENTS. TRINITY METHODIST EPISCOPAL CHURCH TIRES The tire business is the main thing with S We've been through all branches of it ever since the start twenty years ago, and know how to give real, sat- isfactory service to the tire user. Whether on repairs, new equipment, adjustments or renewals, you'll find our facilities and service unsurpassed and our prices ~the most economical in the end. You’ll get the best in all tire matters at Jack the Tire Expert’s in Hartford. For tire trouble on the road, call Charter 4641 For satisfactory solution of tire troubles any- where, everywhere, any time, all the time, Entrust Your Tire Troubles toUs THE AUTO TIRE (0. Jack the Tire Expert 129-137 Allyn St., Hartford. Charter 4641 | the last quarter were | combined output for thi | prices would approximate { ication in business affairs. An Investment-- Not An Expense If You own property which you rent, you must have it wired for Electric service. Tenants are demanding mod- ern conveniences and every house that is not wired will become more and more difficult to rent. You will have to wire your property soon or have it standing idle—why not be a little ahead of the procession and have it wired NOW. The wiring of your property does not represent an expense, but an invest- ment on which you will obtain a high re- PROSPERITY REIGNS, ~ EVERYONE IS RICH But It’s Dangerous Intoxication, Henry Clews Believes (Spectal to the Herald.) New York, April 29—The ecffect of the war upon some industrials is phenomenal, particularly upon those | engaged in fron and steel production. For example, the United States Steel Corporation’s net earnings during reported at about $60,000,000, or five times what they were a year ago. Similar re- sults are being reported by other cencerns in this industry, although it must be remembered that compari- sons are made with a period of de- pression. Copper mining companies are mak- ing extraordinary profits. and their vear will exceed 2,000,000,000 which at current average consider- value of considerably pounds, ably over $500,000,000 in product, compared with $280,000,- 000 last year. Moreover, the entire output for 1916 is said to have been sold to the allies, who seem to have secured all the surplus copper in the country. When the war is over there will be a tremendous vacuum in Germany which this country will be called upon to fill. The oil companies are also securing their full share of present unprece- dented activity. Since January 1 the Standard Oil companies have dis- tributed about $30,000,000 in stock dividends, and many of the com- panies have accumulated surpluses almost equal to their capital stock. A number of the chemical companies, especial those making elements for explosives, are having similar ex- periences are too familiar to call for reiteration, further than the fact that orders for munitions from the allies are still coming forward more freely than at one time anticipated. Profits Not Satisfactory. Such bulging profits, pleasing as they may be, are not altogether sat- isfactory. They are much exaggerat- ed by high prices and inflationary conditions. Beyond question they create a species of dangerous intox- The whole industrial fabric, while running at top speed, is put more or less out of gear. Costly changes and improve- ments are being made that may be suddenly wiped out of existence when peace comes. Commissions are many and heavy. Extravagance is inevitable and careless business methods take ! the place of economies formerly en- forced by necessity. Opportunitics {able to continue on the present ba | or not. for graft and greed are innumer- able, and the morale of many estab- lishments is seriously impaired or destroyed. A hazardous situation is being created which, though recognized, often lightly regarded because of the immense profits in immediate view. Toresight may effectually prevent the disasters which would ordinarily fo! low such excesses, but the effect is demoralizing alike and labor. The latter naturally expects a share in these extraordinary result and is securing it without much diffi- culty. Many concerns are disposed to deal liberally with their help, and numerous wage advances have al- ready occurred in industries making these unparalleled profits. Tt would probably have been better for all con- cerned, if instead of higher wages bonuses had been given the men, with the assurance that they would ¥ continued as long as present ext ordinary conditions last. When ar contracts cease and conditions settle down to normal—if hot to a of positive reaction—the wages que tion may become acute; for the me: not clearly understanding the sit tion, will be unwilling to submit to a return to former wages, regardless of whether manufacturers will be to capital Some better and more fle ible method of adjusting wage dif- ferences should be found than strikes. Capital needs more fair-minded and more liberal leadership. ILabor needs more intelligent and le prejudiced leadership. Each needs to consider the other’s point of view. selfishness should give place to in- telligent self interest, of fair play should animate the lead- ers of both interes The warlike spirit which prevails between capital and labor is simply absurd and injur- ious to both. Capital and labor are unavoidably partners, one of which assumes the risk and management while the other gives manual skill and labor. For both sides harmony is better than friction, and the share allotted to each out of the social pro- duct should be the ou‘come of open- minded negotiation; not brute force or brigandage on either side. Railroad Crisis. The issues between the railroads and labor must shortly be met. It very evident that the demands of the trainmen who are only one-fourth of the railroad employes, for an ad- vance In wages amounting to about $100,000,000, have neither the sup- port of public opinion nor the W rant of facts. These men already re- ceive relatively high wages, and con- cessions made to them would have to be made to others. The re- sult to the railroads would be an add- ed burden which, in spite of recent Detterment in their financial condi tion, they cannot in all justice be compelled to pay. Tor some of the roads these exactions would prob- ably mean bankruptey. the public will have to pay either in impaired service, or the bil higher It Cost the Ford Motor Co. $15,000,000 Last Year to Keep Their Word Over 300,000 Owners received $50 Each. A Guarantee From This Kind of a Concern Is Worth Something. BUY YOURS TODAY THE UNIVERSAL CAR, period Blind | and the spirit | soon | If enforced, | FORD ONEPRICE CLU 0 I]H 116 ASYLUM ST. (" HARTFORD. H He bought his shoes here at Innch time today and said it would be a con- venience to have it delivered quickly —s0 we put a “Special” on it. This delivery service of ours we mention in passing because it may be important to you to know about it. But really, when you see the style and quality the King Quality people have put into these new Spring shoes, yowd buy your shoes here even if you had to carry them home in a newspaper. and passenger rates. The | power of the unions to enforce their | will and create widespread public loss, confusion and inconvenience needs some legal raint not yet pro- xided. No organization of capital would be allowed for one moment to precipitate such a crises as these men have threatened; nor would they be allowed to imperil public interests by insisting upon similar demands: If the government is to continue regulating | the railroads, it may have to also | regulate the employes. ng wages | | freight is a necessary sequence of if law is to be based upon simple jus- tice. 1 Dividends | and interest payments for May are estimated at about $137,000,- 000, or more than $5,000,000 in excess | of 1ast vear. The increase is smaller than expected in view of the large | profits made by many industrials. The reasons why distributions have not| been heavier are several. Large sums have been charged off for depreciation. Still largeer sums have been takes out of earnings and put into plant, reap- pearing in the form of surplus and I stock dividends; and all concerns are feeling the widespread rise in the cost of doing business, as well as the nu- merous concessions to labor, which will soon cut down dividends to more normal proportions. War Not Wanted. War continues the ruling factor in financial affairs; our relations Germany still being the first There is some hope of a satisfactory adjustment of the submarine question owing to the more conciliatory spirit manifested by Germany during the last few days. Later rumors have been distinctly favorable. It would be premature, however, to be over- confident in this respect. What the outcome will be cannot possibly be foretold, but one fact has Tecently been disclosed; that neither the people of Germany nor the people of the United Stats wish for war. Symptoms strong enough on the surface have al- ready cropped out as almost conclu- sive within the past few days on the part of the Kaiser and the German people, indicating that a break in dip- | lomatic relations between the two na- tions is not actually desired. There- fore, 1 feel that such united influence may almost be relied upon in prevent- ing a rupture at the present time espe- cially as it is for the mutual interest of both nations to continue peaceful relations. Developments in Mexico, though not entirely sfactory, have not thus far.been of a disturbing na- ture. The next most important prob- lem is the labor situation which, how- s to be adjusted by wage The presidential cam- ever, RICHTER & CO. MEMBERS NEW YORK STOCK EXCHANGY, Represented by E. W. 81 West Main St., City Hall Building Eddy. Telephone 1840, 10 shs Stanley, Rule & Level Co. 50 shs Waterbury Gas Co. 20 shs North & Judd Co. 50 shs Union Mfg. Co. FINANCIAL NEWS MARINE SHARES HIT NEW RECORD Constitute Almost Third of To- day’s Dealings in Wall St. New York, April 29.—Almost one- third of toda operations consisted of Mercantine Marine the latter rising almost six points to well above 90, the |1 common gaining 7-8 to 25, a s active stock market common and preferred, a new record, and mere Trad- of such a fraction under its maximum. ing in these shares was feverish character as to canvey the belief that a settlement of the com- pany’s difficulty is at hand. The market otherwise seemed disposed to sag. The closing was firm. New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by I W, Eddy. April 29, 1916 Low Close Am Beet Sugar .. 69% 69 Alaska Gold .. Am Ag Chem Am Car & Fdy Co Am Can . Am Loco Am Smelting Am Sugar Am Tobacco . Am Tel & Tel Anaconda Cop A T S Fe Ry Co. Baldwin Loco B & O BRT . Butte Superior Canadian Pacific Cen Leather Ches & Ohio Chino Copper Chi Mil & St Paul. Col F & I Crucible Steel Distillers S Erie Erie 1st pfd Goodrich Rub Great Nor pfd .. Gt Nor Ore Cetfs. Inspiration ... Kennecott LA Kansas City so.... Lack Steel ....... Louis & hville. Max Motor com.. Mex Petroleum National Lead N Y Air Brake. Y C & Hudson v Cons YNH&HRR 60 Northern Pacific 111!/2 Norfolk & West. Penn R R . . Peoples Gas Rep I & S com Southern pacific Southern Ry Southern Ry pfd.. ing company of the fore today on the stock exchang The new | reached yesterday today at and today 1- tations ! Brass, 2 Scovill Machine, NEW DEPARTURE CLIMBS After Going to 200 Yesterday, Brist Concern Stock Reaches New Hi today 210—Stanlecy Works Stron The New Departure Manufactu Bristol is much high of 200 . which w was overshadowd when the stock s freely b 210 was askec Works was also strong] and was in good demand at 2 bid and none offered. Other qu follows Stanley were as Bristol B Americg Bement, Por 60-16 2 American Hardwa anders 61-62; New Brita] 78-80; Union, 80-82; Col orth & Judd, 103-104 | ational Surety, 242-245 NONEY DEPOSITED in our SAVINGS DEPT. Depoéits conce; 308,213 Ford cars were sold last year. “The Universal Car.” Your necessity. They serve everybody, please everybody, save money for everybody by reliable service, economical operation and main- tenance. Why experiment? Watch the Fords go by! Talk with the owners of Ford cars. Investigate for yoursélf. Prices lower than ever. Runabout $390; Touring Car $440; Town Car $640, f. o. b., Detroit Why pay more? Studebaker 5 iri r it - turn. By wiring your property you re e duce the length of time that it stands idie after one tenant moves out and before another moves in. Only two months saved in this way will ordinarily pay the entire cost of wiring and fixtures- and after that any saving of this kind is all “velvet.” Just think this over. running ahad under full | steam, but quietly and rather smooth- ly in spite of the fact that the conven- tions are only now a few weeks dais- tant, Home trade is still active. Rail- road earnings testify to the activity in f Uf transportation. Steel mills are run- |1 a record-breaking rate, hav- 5 rs for 1,600,000 tons of r Steel pfd 1153 | plates Va Car Chem. & 42 iz | Westinghouse ... 5 56% 53 ‘Western Union 911% 9 91 Willys Overland 259 PLANT NOW The growing of Nursery stock is no small part of our business. We have | a large and choice stoex of Cal. Privet, Berberry, Flowering Shrubs, Shade | and Fruit Trees. Your own judg- ment should tell you the advantage of buying nursery stock at home. United Fruit Utah Copper .. S Rubber °325,00( Assets ning at 1 ing orde and 400,000 tons of steel shapes for 1917. Cotton mills are well supplied with orders; in fact the whole industrial fabric continues at high speed, and the cessation of munition orders, if that were probable, would not at this time mean any serious| contraction of business. Home conditions warrant a lvmt.«’*l‘ stock market, but as long as the sit- wation is so seriously exposed to shocks resulting from the war, it will be unsafe to depart from the present policy of caution and day-by-day op- e s. The latest reports of r road earnings have been wn;;‘l:;:_'lé £ Viets’ Greenhouses | encouraging, and backed by e 22 : vorable rumors from Germany, a good | Tel. 1973- 48 Clinton Street trade outlook, and the buying of a} considerable short interest, explained the strength which developed on Thursday. For a limited time only, we offer: Special prices on wiring Special discounts on fixtures Free 40 and 60 watt Mazda Lamps 12 montlis to pay for wiring and fixtures. Iet us give you an estimate today. "Phone 230 for details. The UnitedElectric Light & Water Co. 'PHONE “Electricity for Everything.” ’PHON 230 230 HENRY CLEWS Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficient trustworthy service, to act as Conservator, Guardias Executor or Administrator. CAPITAL $750,000. SURPLUS $750,000 Connecticut Trust and Safe Deposit Co. M. H. WHAPLES, Pres't. HARTFORD, CONN| GERMANY’S REGRETS- Berene, via Paris, April 5, 18 g . m.—The German minister by spe- cial instruction of Chancellor Beth- @ |mann-Hollweg has called at the Swiss cpressed deep- 22 Main St., New Britain est regret for the violation of Swiss territory by a German oplane on Wednesday. The minister stated that the aviator had been dismissed from | Torrington the aviation corps and that all flying Winsted in the region adjacent to the frontier llx.ul been forbidden. Branches: ‘Willimantic New Britain Headquarters Hartford Manchester