New Britain Herald Newspaper, June 17, 1916, Page 11

CONCERNING FUTURE Believes Conditions Will Adjust Themselves in Post-Bellum Period CLEWS OPTIVISTIC New York, June 17.—Because of | numerous and strongly conflicting forces a very mixed situation exists | ip the financial district. ‘The war is | ¥eing more vigorously pushed than éver and, aside from a fearful waste of life, is costing over $80,000,000 daily, a goodly portion of which is | coming this way. This latter sum not all additional loss, because many, millions would be spent in any event for feeling and clothing the, millions of men if engaged in peaceful pur- suits. Armies and navies would have to be paid for even in time of peace, and it should be remembered that the territory and industrial plants of two of the most important belliger- ents have escaped thus far withont | damage. The awful struggle has cost | terribly in blood and wealth, some | losses being entirely beyond calcula- | tion; but some deductions have to be made from current outlays, and noth- | ing is gained by exaggeration or mis- caleulation. The financial position of some of the belligerents will be a serious matter of adjustment when peace comes, and that period cannot be safely predicted. There is a very suggestive growth of optimism in this | direction, and’ belief grows with strange persistence that the war will end during the present yvear rather than face another dreadful winter. Expectation of peace must have s##¥re foundation; though whether it has its origin in weariness of spirit | among those who suffer or recognition | of coming disaster by those who gov- ern, cannot be determined. Perhaps | war madness is giving way to peace sanity—at least let us hope so. After the War—What? peace approaches this country will gradually adjust itself to the new conditions. A few departments of industry may suffer, but many more will benefit by return to the normal. | Temporary reactions may come with | or after peace, but it stands to rea- | son that in the long run the world | will'benefit by the restoration of g¥o- | ductive efforts and the stoppage of | destruction. Very likely the recuper- | atiye powers of all the contestants will be greater than expected. We | will lose much of the munition traf- fie, but may look for expansion in steel and other industries, in foreign | trade, in shipping, and in development | of the many enterprises deferred by war. This country is wonderfully strong industrially and financially, | and is better prepared in many re- spects—costs of production expected | ~for trade ekpansion than any other | gation. i | Another favorable factor is the po- litical outlook at home. Many bus- iness interests are gratified at the nomination of Mr. Hughes as the re- publican candidate, since his leader- ship not only strengtherns their | hope of success, but also assures a | campaign free of unnecessary animos- ities and disturbances. The nomina- tion of Mr. Wilson means a check to extreme radicalism. As already stated in these advices, the chief issues will be patriotism, preparedness and the tariff, the two former including a more vigorous though peaceful for- eign policy. Since there is no great | division of opinion about there prob- lems, the outlook is for a compara- tively quiet, although lively —cam- | paign. The output of new legislation will be at a minimum. The Exchange Situation. God imports have been renewed, over $50,000,000 having already ar- rived, evidently with the intention on the part of London of keeping the | exchange situation in a favorable po- | sition and preventing the firmer rates | which looked probable a week or | two ago. Thus far the exchange sit- | uation has been skilfully handled in spite of enormous foreign purchases | o munitions, etc., and what with the establishment of large credits, the return of foreign investments, and | gold imports, the situation 1s well | unider control. Our home business | outlook continues very satisfactory. @rops are rather backward, the com- posite average of condition, according | o the government report, being 9 ger cent. below last vear, chiefly on ccount of injury to wheat. Farmers, However, are securing good prices for | their crops, and in view of the sur- | plus wheat carried over no scarcity is anticipated. Fruits and hay promise | big ylelds. Nearly all producers of | raw materials are securing good | prices for agricultural and mineral | poducts alike. Many divisions of labor, especially those engaged in mynitions, are securing abnormally | high wages, and these promote trade | activity. War profits have stimulated | trade in many directions. in some | cases to the point of extravagance. | Bankers Vs. Promoters. | If we look at the reverse situation, the unfavorable factors are fairly nu- | msrous, and somewhat spottf. Per- | Baps the most unfavorable feature is | the Mexican situation which is threat- ening and will probably develop with | thore or less clearness during the next | few weeks. Another element of weak- fiess is the liquidation In munition ghares, which are inevitably affected By the shrinkage of orders in that direction. The motor stocks have also come somewhat into disfavor, owing to the recent manipulation, also thé failure of the newly proposed | eombination which should be really regarded as a wholesome feature, in- asmuch as it proves that the best of panking opinion is opposed to such P wholesale and questionable promo- f4ion schemes. Had this flotation been gnccessful it would undoubtedly have gxcited much hostile criticism and obably started another anti-corpor- jon movement. One other element grave uncertaintf which cannot be | when { them for she had picked | cash, declared he DEMOCRATIC CONVENTION IN SESSION o profits which they have enjoyed seem taoin shrdlu emfwyp vbgkqj xzfififf to have completely upset the labor leaders, and a return to normal con- ditions after the war will not be easy to accomplish. The controversy be- tween the railroads and their em- ployes is also of a threatening char- acter, and is seriously disturbing con- fidence. The steady offering - of American stocks held abroad has also tended to prevent recovery in ra road shares and high grade invest- ments that might otherwise have oc- curred. Rumors of a United States bond issue in this direction were sug- gestive. Rumors of a British hond sue were probably tion, and due to the distribution of a large block of these bonds as div dend by a prominent munitions con- cern. A Russian loan of $50,000,- 000 was offered and quickly taken. Tt is also reported that a French loan is impending, and other nations are seeking fresh credits. Between these two sets of condi- tions the balance appe to favor moderately hopeful views. Certain specific nearbf prospects are good, while the more distant outlook is un- certain. From either standpoint, care- ful discrimination is necessary. Many of the speculative issues have had a big rise and further liguidation is in prospect. On the other hand, the better class of investments. particu- larly the railroads have been some- what neglected. There is an abun- dance of money seeking employment, and well chosen investments can be made with confidence. HENR YCLEWS. GYPSIES RETURN MONEY. Pick Fred FElliott’'s Pockets of $80 But Get Frightened and Return Coin A band of wandering stopped at the office of the Gulf Re- fining company late yesterday afier- noon and one of the female mem- bers of the party entered to tell for- tunes. The staff had an enjoyable time jollying the fortune teller, but she left she had the laugh on Manager Fred Elliott’s pocket of $80., Elliott followed the band up Stanlev street, demanding the return of his roll. He was laughed to scorn whereupon he telephoned for the police. In the meantime the gypsies returned the $80 with interest, the interest con- sisting of threats and epithets. When Officer Malone and he patrol | arrived Mr. Elliott, whose anger had been appeased by the return of his did not want to prefer any charges and would not identify any of the party. The police then ordered the nomads out of town, JOY RIDERS ARRESTED. Officer Walenczius arrested A. S. Martell of Hartford on Main sireet at midnight last night on a charge of taking an automobile from Hartford without the permission of the owner. Martell had a woman with him and had possibly taken the car for a joy ride. He was turned over to the Hartford police, who had reported the theft of the machine about an hour before. Basil Riley, a student at St. Ber- rard's seminar: Rochester, N, Y., is home for the summer. 5. CAPSULES erlooked is the labor situation. The ent advxances in wages in the mu- tion industries and the spectacular | moderately without founda- | gypsies | NEW, BRITAIN DAILY HERALD, SATURDAY, JUNE 17, 1016, . WEATHER FORECAST. Fair For Next Few Days Washington Predicts. ‘Washington, June 17.—Weather predictions for the week beginning Sunday, issued by the weather bureau today say North Atlantic states: Falr, ris temperature next several days, pro ably followed by showers two days of week. Moderate warm weather dur- ing week. Middle Atlantic states: Fair and warm next several days, local thunder showers probably, how- ever, after Thureday. ng FOREIGN ORDERS REPORTED. New York, June 17.—Rumors that foreign buving orders were peiding in the copper market have not yet heen followed by any defini reports of business, and re-sellers are still offer- ing small lots of electro c at from 27 to 28 for nearby and forward de- ivery. The quotations of the leading agencies have been maintained, how- ever, at 29 to 29% for October and later positions. TRINITY COMMENCEMENT Hartford, June 17.—The class of | 1916, Trinity College, held its class day exercises in Alumni hall today for the third time since 1870, the rain making | honor of the occasion. Finnegan. necessary the change from campus to hall. The fifty members of the class | participated. Convention of Democrats in Session A5 R 0 MANY AT SENIOR PROM. The class of '16 of the New Britain High school, which yesterday after- moon terminated its school days with graduating exercises, held its closing the school gym- The event was social function in nasium last evening. largely attended and proved one of the most successful senior promenades in the history of the school. The gym- nasium was attractively decorated in College and hanners were effectively ‘e pre- High school 1sed and the school colors v dominant in the decorations. Lynch’s orchestra provided music for the dancing which lasted until midnight. The grand march was led by Class President John J. Kiniry and the vice president, Miss Catherine The patrons and patron- esses were Principal and Mrs, Louis P. Slade, Mr. and Mrs. Marshall Da- | vis ana the Misses Mildred Weld, Mar- | garet Seltzer, Millie Mary Ward. McAuley and SIXTY AUTOS SECURED, Further plans for the annual out- Second Ward Republican club’at Savin Rock on June 24 were made at last night's meeting. Tickets are selling well and the party will go 10 the Rock in sixty automobiles, leaving Franklin - Square at 12:30 o'clock. Another meeting will be held Friday night. ing of the Officers Learn As Well as Something the ‘“Rookies” If the Plattsburg camp is a train- ing school for prof: onal and bus- iness men, it is also proving a school of practical experience for the regu- lar officers in charge, since the size of the student commands under their tutelage this year is making them u their war science and campaign v dom in working out a scheme will bring the men to proper battle- field and adequate camping grounds. This problem will come to the fore more particularly in the July en- campment, when there will be four full regiments, about 4,000 men, to handle, or just four times as many as they have had at any time before. Looking ahead to that four regiment maneuver campaign, a tentative plan is being worked out for sending the regiments ahead one or two at a time on successive days, none knowing where the other is going or what it is doing and then bringing them together in a series of mimic com- bats. No. 1, rifle practice at Platts- burg; No. 2, view of the camp; No. 3, left to right, Major Peter Murr: United States army, in command at Plattsburg, and Captain Halstead | Dorey, United States army, second in command. | were to RD 14116 AsYLu ST. ‘Serge Dresses from our regular stock, $7.45 and $9.95 values Special for Monday Only, at $4.95 In blue and black fine botony serge, several differ- ent styles; sizes 14 to 42 in- clusive. Watch our special offer- ings each Monday! g CROSS ININVASION OF SOUTH AMERICA Five Christian Colleges in Brazil Will Be Merged June 17.—Recom- mendations for the evangelization of Indianapolis, South America were made at a meet ing here of the Religious congress, who were appointed to in- vestigate religious conditions in South America. - The conference was con- cluded yesterday- One of the important recommenda- tions was that all the five Christian collges in Brazil be merged into one great Christian university with its seat at Mackenzie college at San Paulo Brazil- The existing colleges belong to various evangelical denominations. Other recommendations were, that christian normal schools be estab- lished in varidus countries of South America; the establishment of a post- graduate theological school at Monte- video; that training schools for deac- onesses and nurses from the local population should be established. The question of how best to reach the intelligent classes of South Amer- ica were discussed- It was stated by the delegates, who made a religious survey of South America, that the great majority of the educated people of the continent do not attend any church, and that there are vast areas in South America unoccupied by evan- gelical workers: Panama City Ifems Something for every lady as well as every gent at the Elk’s Carnival. -advt. The weekly payroil of the department totaled $1,137.34. New England Trolley Trip Books, 15c. Adkins, 66 Church street.—advt. Miss Helen Robinson of Oalk street is suffering with a sprained ankle, which she sustained while attenaing | an outing of the Aetna Fire Insurance company at Fort Griswold yesterday. H. B. Clark of Maple Hill has re- turned from a trip to Florida. Vincent Moore of High street is ex- pected home tomorrow from the Catholic University. Paul Bartlewski of North street re- iurned teday from St. John Kanty college, Erie, Pa., for the summer vacation. B. S. Szoplikowski, a student at St John Kanty college, ie, Pa., will spend the summer vacation at the Lome of his parents on Allen street. The directors of the Chamber of | Commerce will hold the regular monthly meeting next Tuesday after- noon at 4:30 o'clock. Edward F. Foley will sever his con- pection as organist at Fox's theater July 1 and will be succeeded by Pro- | fessor Southwick of Meriden. street The Dancing Of Today. (New York Evening Post). The annual convention of dancing masters is a reminder that the ‘“new dances” of two years ago did not de- velop along the lines predicted. They lead us out of the desert of waltzes and two-steps into the prom- ised land of graceful and complex dances. But along came the one-step and that quintessence of simplicity soon monopolized the fleld. Nor do we hear so much of the older gen tion on the dancing floor, or stories of grandmothersidancing away their 80th birthday celebrations. Follow- ing the revival of many forms of folk- dancing, there might well have been a hightened interest in artistic va- rieties of social dancing. But at pres- ent there are those who even hope that the dancing masters may restore the waltz and two-step that we had from the day of Tennyson's ‘“‘dancers dencing ingtunel | Natl Lead | Nort & West RICHTER & CO. MEMBERS NEW YORK STOCK EXCHANGE. Represented by E. W. Eddy. 31 West Main St., City Hall Building Telephone 18 ‘Bristol Brass Rights Bought, Sold and Quoted FINANCIAL NEWS HEAVINESS GENERAL | ON STREET TODAY Further Depreciation of Values Canses No Joy in Last Session New York, June 17, Wall Street, 10:30 a. m.~—The fina] session of the week opened with a further depre- ciation of quoted values, for which the more serfous aspects of the Mex- | ican situation were primarily respon- | sible, Declines of a point were registered by Mexican Petroleum, United Iruit and Studebalker, with 2 poiuts for Air Brake, while other specialties lost material fractions, together with United States Steel, Reading and St. Paul. Moderate gains were made by Beet Sugar, Inspiration Copper and Willys-Overland. Heaviness became more general later, Petroleum extending its loss to almost 3 points. New York Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- chauge. Represented by E. W. Eddy. June 17 ,1916. High Low Close ..91% 90 91 2 20 20% 591% 59% Am Beet Sugar Alaska Gold Am Car & Am TIce ... Am Can . Am Loco Am Am Tel & Tel 13015 Anaconda Cop . 84 7% AT S Fe Ry Co 1056% Baldwin Loco 883 EES @ ponnons 907% Butte Superior 79% Canadian Pac 5% Cen Leather 54 Ches & Ohio 6414 Chino CGop 52 Chi Mil & 9855 Col F & I . 433 Cons Gas ....%....137% Crucible Steel .... 84% E 375 . 53% Gen Elec ol Goodrich Rub ... 76% Great Nor pfd ...121% Gt Nor Ore Cetfs .. 37% Tllinois Central ..106 Inspiration 4934 Kansas City so 26 Lack Steel 1% Lehigh Vall . 823 Louis & Nash L1341 Max Mot com 8614 Mex Petrol 104 67 137 .1 St Paul N Y Air Brake ... NYC&Hud ....106 Nev Cons 17% NYNH&HRR 62% Northern Pac ....114% ...182 Penn R R . BT7% Peoples Ga Pressed Steel Car . Ray Cons Reading a-ion Rep I & § com ... Rep I & S pfd .. So Pac S So Ry ... So‘Ry pfd Studebaker . . Tenn Cop Texas Oil Third Ave ... Union Pac United Fruit Utah Cop .... U S Rub Co, U S Steel .... U S Steel pfd Westinghouse Western Union Willys Overland 4 49 1025 4614 107% 9814 2214 681 1381 433 188 64% 137 163 79 547% 85% 118 605 495 2821 50% 22% BANK CLEARINGS, New York, June 17.—The state- ment of the actual condition of clea ing house banks and trust compant for the week shows that tliey hold $93,681,740 reserve in excess of lega! requirements. This is an 2 of $21,408,440 over last week. | | | | | The committee will |in the LOGAL STOCK MARKET No Action Today and the V Stocks Are Quiet—Bristol B Rights Expire on June 22. The local stock market was q today with little activity. Std holders of Bristol Brass today celved final notices that all righ the new stock dividend must be up by June 22. The quotations of morning were as follows: Bristol Brass 67-68%, Bristol B Rights 7%-7%, American Silver 29, American Brass 295-207, Bill & Spencer 109-110; Colts 835 ex-div., Eagle Lock 69-71, Land Frary & Clark 70%-71%, Nati Surety 290-292; Niles-Bement. 173-175, North & Judd 111-113 vill Manufacturing 6 598, Stand Screw 345-350, Stanley Works 85 New Britain Machine 88%-85, P Stow & Wilcox 34-86, Union M facturing 90-92, American Hard: 187-1381%. Did He Mean Editors of House O (Exchange) A country school boy, was told write an essay on editors and th the result: “Don’t know how newspapers ¢ to be in the world. I don’t think 300d Lord does, for He ain't got n{ ing to say about an editor in Bible. I think the editor is one of missing links you read of, and st: bushes until after the fl and then came out and wrote thing up and has been here ever si I don’t think he ever died. I n seen a dead one and never heard one getting licked “If a doctor makes a buries it and people nothin’. “When the editor makes a there is big swearing and a 1 but if a doctor makes a mistalke is a funeral, cut silence. “A doctor can long without anybody it is, but if an editor to spell it. . “If a doctor goes to man’s wife he charges for but if the editor goes he charge of buckshot. “Any old college can make a 4 tor, but an editor has to be born. mistalke! dassent mist flowers and use a word knowing uses one he see anot the vil gets The Best They Can Expect. (Chicago Herald.) Advocates of woman suffrage realize that the best they can exp in the way of a democratic platf declaration is a plank along the 1 of that adopted by the republic in Chicago. If “states’ rights” strong enough to cause a republi convention, it may be taken granted that the classic ““ rights” party will assuredly go further. Northern democratic delegaf particularly those from states wh the woman vote 'is large, might willing to go just as far as eithe: the suffragist bodies desire. But southern democratic delegates may] | counted on to oppose anything threatens even remotely to Indo futher federal interference with power of the states to deal with s frage questions. This does not that many of them may not be fectly willing to indorse the eq| suffrage principle, as was done Chicago. However, such a declaration wo be an immense gain for the s cause. It was a great thing when republican party for the first time its history gave adhesion even tos | abstract justice of the principles will be a greater thing if bothu historic parties of the nation cam induced to take a similar stand. ' moral gain will be incalculable, # will be felt in every sort of’io# paign the woman’s suffragists hen forth undertake. Mattabessett Tribe, No. 14, L O M., and Indianola Council No. D. of P., will decorate the graves their deceased members tomorr meet in the h m receive flowers. at 9:30 a. to A daughter was born Friday to M Frank Kuanss at the New Brit hospital. Connecticut Trust and Safe Deposit Co. A STRONG, RELIABLE CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardiaa Executor or Administrator. CAPITAL $759,000. SURPLUS $§750,000 Connecticut Trust and Safe Deposit Co. M. 1. WHAPLE; Pres't. HARTFORD, CONN.