New Britain Herald Newspaper, October 28, 1916, Page 15

NEW BRITAIN DAILY HERALD, SATURDAY, OCTOBER 28, 1916, — - J Come in and pick out a handful of neckties. | We have a large assortment to choose from—all the new- git in neckwear is here 50c to fL. Shirts made of madras, per- cale, scisette and silk $1 to $5 {l Gloves in just the shade and size to suit you. f| New shapes in soft hats now. DR. CLINTON J. HYDE. shell fire saulted violently by the French. So said a great Sea Commander— and he stuck to it—and won. So I say to you: “Don’t give up.” People sometimes think they have te heavy loads to shoulder, too per- plexing difficulties to solve, too severe | conditions to overcome. When we look back over the pages of history, we find that men Itved who carried far heavier loads, were confronted | with infinitely greater problems, yet whose purpose remained steadfast until their work was cempleted. The most adverse conditions could not ¢heck their ambitions—and they were of the same clay as ourselves ‘Wil you concede that you have less ambition, less ability, and less power 10 combat conditions successfully? Are you a mere creature of circum- stances, to be swayed hither, as the wind blow There s a time when you, too, felt you could accomplish whatever you undertook to do. Nothing was | then too d for you. Your eye was Vright, your step elastic, your tho! clear, your working power and vitality almost unlimited. But the battle of life has been too hard for you and thrown you into a weakened condition, from which to extricate yourself seems impossible. You have lost your grip, your energy, your ambition. And in your despair you feel like throwing up your hands ard making no further effort. DON'T DO IT. You can regain your loss. Fight for it. But to carry out your fight to success you must have a rong ally. I can help you in your struggle. J can furnish you the weapons with which you will win your battle. Come and see me taday. Are you going to lie down or fight? Dr.ClintonJ. Hyde Specialist in and Chronic Diseases. TRUMBULIL: STREET, Hartford, Conn, 9 to 12, 1:30 to 5; 7 to 8. 10 to 1. Fee As Low As $2.00. -, 254 Sundays DR. G. RICHARD BAUR, CHIROPRACTOR, 145 Arch Street. adjustments given the Fifteenth, free For until all All November photograph Don’t Give Up | .coming more and |Vaux Is Most H;niy Contested Point In Franco-German Baittles at Verdun [ # £ N The picture herewith was the first of Fort Vaux, northeast of Verdun, to reach the United States, t shows the damage done by heavy to the fort.captured by the in the early weeks of the to take Verdun and now as- Re- attempts ports of the fighting at Fort Vaux in | June said that the Germans took the fort at a cost of 80,000 men. “Bor seven days we underwent the most terrible bombardment that any posi- tion was ever subjected to. Forty- eight heavy caliber guns at least, mostly eleven and twelve inch, con- centrated a fire of hell upon our posi- tions,” said one of the defenders. FORT VAUX, VERDUN, FROM ONLY - PICTURE OF FORT INRMERICH (NOTICE. SHELLHOLES) Major Raynal was the French com- mander of the fort, who was com- pelled to yield. The German official report of the taking of Fort Vaux said, “The armor of the position had long ceased to be any protection un- der the heavy pounding.” Fort Vaux crowns a height from which its pos- sessor able to sweep the heights of the Meuse to the east. Henry Clews’ Weekly Letter (Special to the Herald.) New York, Oct. 28—Speculation and prices have touched levels un- dreamed of, and the impression grows that still higher altitudes are in pros- pect. Wheat, cotton, pig iron, sugar, wool, als, and nearly all com- modities are on the upward path, war chemi being almost the sole impetus, War’s absolutely Men, munitions and money must be had regardless of cost; waste is go- ing on upon a vaster scale than ever, and supplies of all necessties are bhe- more depleted. While such forces are at work, high price: ble, and no one can predict where they will end. Possibly if not probably, they will continue ad- vancing until consumption is checked or production is increased. The only certainly is that as long as war lasts, no permanent decline can be antici- pated. There are some who believe that the war will end as suddenly as it began; but a more reasonable view is that peace will come only as a re- sult of exhaustion, somethng not yet in sight. Recent German successes in Rumania tend to lengthen the war, because they stimulate German confidence and stiffen British stub- bornne: Winter 1s rapidly ap- proaching and active campaigning must soon cease. Both sides will, of course make strenuous preparations for resumption next spring, possibly developing more desperate fighting then than anything yet experienced. The only conclusion at present at- tainable is that the war will con- tinue for some months to come, and with it a further inflation of prices. Even with a truce, a full year might be required before a treaty of peace could be completed and signed, dur- ing which period the great armies would be obliged to remain in readi- ness for a possible renewal of hostili- ties. Unfortunately weary months of strife and destruction are still ahead. In line with these expectations Great Britain has just arranged for another loan of $300,000,000, making $800,- 000,000 to that country since the war began. This loan, the proceeds of which will undoubtedly be spent in the United States, seems to have been placed before the funds were strictly needed, with a view of checking he inordinate influx of gold and conse- quent injurious inflation. Since the war we have received $627,000,000 net in gold, chiefly on British account. This has been a powerful factor in creating easy money on this side and demands are insatiable. ilridents. Office hours from 2 to 5 and 7 to P. m. Excep has had much to do Wwith stimulating credit expansion. To some extent new -her holdings of clasticity aided inflation. So, too, did the increased value of stocks used as collateral. Bankers here fully real- ize the incipient danger of excessive expansion and are acting accordingly. Bank reserves have been materially re- duced lately, the total excess reserves | in New York a week ago being down to about $69,000,000, compared with $188,000,000 a yeear ago. The new British loan will impose a temparary check upon cheap money, hut Great Britain will eventually be obliged to pay her bills in gold, se- curities, commodities or service of some kind. Her gold we do not want; American securities are becoming much reduced, and war Pbitherto has checked her exports of raanufactured products. In the latter respect, however, Britain is making marvelous recovery, and today with only half the labor that was employed before the war the exports of the United Kingdom were almost equal to the volume of 1914 In September Pritish exports were £43,000,000, an increase of £11,000,000 aver last year, : _ while imports ‘were £77,000,000, an ircrease of £7,000,000. The nearer Great Britain comes to mnormalizing her foreign trade, the more easily will she finance the war. Meanwhile this country is steadily strengthening its financial position at home and abroad. | Our banking power and prestige have jpenlarged enormously, while all of the belligerents have in these respects lost materially. Ewven the primacy of f.ondon is temporarily overshadowed, and Great Britain, which for genera- tions has been the greatest trader, the greatest carrler and the greatest banker in the world, is abliged to see her pre-eminence in these spheres im- paired. In time she will doubtless re- cover from her losses, and even ex- ceed former standing in these re- spects, but the United States has made very substantial gains on these lines, and is practically sure of heing a good second, with Great Britain’s lead constantly diminishing to the United States. This market has shown further sen- sational advances in both commodities and securities. Wheat and cotton have both touched extraordinary levels, and though reactions occurred, the outlook for a continuation af high prices is unchanged. The principal minerals show marked strength, and the iron trade continues unchecked in its headlong prosperity. Steel shares continue making fabulous earnings Shipping engaged in foreign trade is doing likewise, and many an old veesel has lately sold far ten to fifteen times its original value. This coun- iry is building ships with feverish energy, and we might have established respectable merchant marine U®yur legislators understood the business they so successfully de- siroyed. Industrial and commercial activities are at high water mark. Bank clearings last week wer hout 40 per cent, larger than a year ago, when returns were breaking records: Federal reserve system through “isaHroud traffic is very heavy, earn- the previous year. ings showing increases of fully 10 per cent. and over campared with a year ago. November dividend and interest payments will exceed $154,000,000, Which is about $10,000,000 ahead of There is an active demand for all desirable investments and good bonds are readily absorbed. Attention is now being turned to desir- able preferred stocks which have been somewhat neglected owing ta the erormous earnings of leading indus- trials. Speculation in the latter con- tinues upon a tremendous scale but prices are now so high that further advances usually bring out fresh realizations. Railroad shares have been more active on both investment and speculative account, and their better position which has already been cet forth in these advices is being gradually realized. At times the market is somewhat reactionary and in view of large commitments to the leng side is sensitive to unfavorable news. The election thus far has been an almost negligible factor, and will ortly be a matter of history. In about another week this issue will be settled and out of the war, leaving one important factor eliminated from ths situation, HENRY CLEWS. CUMMINGS-McLEAN DEBATE Section of Seats Will Be Reserved In ‘Waterbury Hall for New Britain if Names Are Sent In. Ex-Senator George M. Landers, in conference with State Central Com- mitteeman James A. Hynes of Water- bury yesterday, arranged for the re: orvation of a section of seats for New Britain people at the debate in Wa- terbury Tuesday evening between Ho- mer § Cummings, democratic can- didate for United States senator, and Geo. P. McLean his opponent at the polls. Those who wish to attend,irre- tive of party, should send a postal stating their intention to Chalrman W. F. Flanagan of the democratic town committee. They must be able to be in the hall by 7:30 o’clock. The number of reserved seats will depend on the number of cards recelved by Chairman Mangan. They should be posted to reach him not la- ter than Tuesday evening, Mr. Landers can inform Mr. Hynes of the number going from New Britain. All applications must be in writing. Eric Oberg, a prominent Swedish citizen, has been added to the list of names for the democratic rally at the Russwin Lyceum on November 1. Mr. Oberg is secretary of the Ameri- can Society of Swedish Engineers and is editor of a prominent techni- cal journal He is highly educated and a polished talker. It is expected that hundreds of New Britain's Swed- ish voters will want to hear him. Other stars on the bill will be Bain- bridge Colby, the progressive varty leader, who former lived in this city. s0 0;15’5 RICE ¢ TK‘I'HGASYL@XM S’r.cl" HARTFORD. HALLOWEEN Are you attending a dinner party or dance? Have you all the dress ac- sou should have? If not, We can supply you. Financial COPPERS ASSUME WALL STREET LEAD litah and China Feature With; Rails Neglected Wall Street—Copper shares and the issues of other companies large profits from foreign formed the basis of toda sion, rai even the minor showing relative neglect or tion. New high records were made by Utah and Chino Coppe: also Central Leather and Cuba Cane Sugar common and preferred. Atlantic, julf and West Indian was again in demand, with some of the equipments and utilities, but petroleums, Pitts- burgh Coal, the motors, Western Union and National Biscuit vielded to 1 to 2 points. United States Steel was under moderate restraint. The closing was irregular. Total werc estimated at 550,000 Bonds lower, contracts hort ses- hesita- shares. New York Stock Exchange quota- tlons furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy. Oct. 28, 1016 High Low Close Am Beet Sugar ..103% 103 103%4 Alaska Gold 12% 12% Am Ag Chem .... 82 81% Am Car & Fdy Co. 68% 673% Am Tce 28% 28% Am Can 6315 62% Am TLoco Lahor 838 eag Am Smelting .....111% 110% Am Sugar .122 2 Am Tel & .1331% Anaconda Cop 9714 AT S Fe Ry Co.107% Baldwin Loco 84 B & O 881 Butte Superior ... 653 Canadian Pacific .1743% Central Leather 98 Ches & Ohio 69 3% Chino Copper ... 621 Chi Mil & St Paul. 4 Col B & ETE - s Cons Gas = Crucible Steel Distillers Sec Erie Erle 1st pfd General Elec Goodrich Rub .. Gt Nor Ore Cetfs. Illinois Central Inspiration Kansas City Lack Steel Lehigh Valley Louis & Nash. Max Motor com.. Mex Petroleum ..1091% National Lead 681 N Y Air Brake...158 N Y C & Hudson..1081% Nev Cons. ...... 23% NYNH&HRR 614 N Y Ont & West.. 295 Northern Pacific .111% Norfolk & West...143% Pac Mail £ S Co.. 2 Penn R R Peoples Gas Pressed Steel ( Ray Cons Tel 50 it deriving | issues, | sales ‘¥ | illings 31 West Main Street, 50 shs Traut & 100 shs Landers, Richter&Co. | MEMBERS NEW YORK STOCK EXCHANGE Represented by E. W. EDDY City Hall Building Telephone 1840 100 shs Bristol Brass Hine 100 shs Billings & Spencer 50 shs American Brass. 10 shs Scovill Mfg., Co. 20 shs Colts Arms Frary & Clark 100 shs Stanley Works UNIONMIFG. AT 140 Bi FEATURE TODAY | ' Stock Has Had 30 Point Rise in' Few Days | Concluding a week of sensations on | the Hartford Stock exchange, Union Manufacturing company of this city made a grandstand finish today by jumping ahead to $140 share asked and closed at $130 per share bid. This stock held for months in the neigh- Lorhood of ninety and then went ahead to about 100 where it held for some time. During the past three days ame into sudden demand and to- day’s figures mark the week’s end of a thirty point rise. Niles Continues Boom- Niles-Bement-Pond continuing its sudden activity of the past few days gained another ten points this morn- ing when it closed 215-217. This gain | is accompanied by reports that the preferred stocks are being bought in. There is ahe the $8,500,000 common stock 6,300 preferred subject to call in 1921 at 105; also 1,916,500 Prat! & Whitney guaran- teed 6 per cent, preferred subject to call in 1921, $2,000,000. Pratt & Whitney common stock, = $400,000 Ridgway Machine Co. preferred stock, subject to call at par, and $125,000 Ridgway Machine Co. bonds. It is | reported that out of earnings the | preferred stocks of both the Niles Co. | and the Pratt & Whitney Co, are be- | ing brought in to be retired at ma- | turity and that the Ridgway pre- ferred will be cancelled after pur- chase, thus leaving only the $125,000 | Ridgway bonds oatstanding. i | Other Stocks Spurt. i Russell Manufacturing company | was also moving briskly this morn- | ing and after a ten point rise stopped at 365-375. A ten point rise was likewlse registered by Colt’s, 875-880, and Standard Screw took a twenty roint leap, closing at 500-520. Mar- Iin Arms, which had a sensational rise | ago was ont much in de- | an sagged somewhat, The quotations to- | Brass an Silver American Brass ... & Spencer 1 Bagle Lock aiy e Landers, Frary & Clark National Surety Niles-BementPond North & Judd . Secovill Manufacturing . . 94 81 1-4-82 1-2 279-282 215-217 92-94 715-730 BEACH & NEW BRITAIN NATIONAL BANK BUILDING. REPRESENTED BY L. S, JONES. Standard Screw Stanley Works ew Britain Machine nion Manufacturing American Hardware ... Russell Mfg. Co. ... Marlin Arms ut & Hine & PYPTtr- ar0?qaddont. . 500-520 98-100 87-90 180-140 . 187-189 866-875. 63-68 . 60-65 «.8ved v City Items Lynch's orchestra at Court Charter' Oak Fair, Turner hall tonight.—advt. Friends of Mrs, Martin A. Andrus will be pleased to hear that she is recovering from the effects of her re- cent fall. Mrs. Andrus is at the home cf her daughter, Mrs. Frederick O. Hernhardt of Madison stregt. Mrs, funeral of Thomas South noon. William_ D. Felt attended the L. Cheney in Manchester yesterday after~ The Italian republican citizen's club will hold a meeting tomorrow after~ ncon at 2 o'clock in Bardeck's hally Arch street. Senator George Klett will be one of the speakers. Mr. and Mrs. Charles A. Galpin have rturned from their honemoon which was spent touring the Berks shires. Court Charte Oak Falir, Turner hall tonight—advt. Making a Business Pay Is the earnest endeavor of every practical business man who desires to be successful— and in this connection he realizes that a sound banking connection is essemtial. Make the Commercial Trust Company your depositary—it is strong and assures efflcient service. AUSTIN ROOM 410 TEL. 2120 NATIONAL BOUGHT Al BILLINGS AND SPENCER SURLTY D SOLD York, Boston, Chicago. Direct private wires to Hornblower & Weeks, New Reading Rep T & Southern Southern Ry Southern Ry Studebaker Tenn Copper Texas Oil Third A Union S com.. Pacific pfd. 435 161% v B 106 3% Rubber Steel Steel pfd Westinghouse Western Union Executor or Administrator. CAPITAL $750,000. B 1L, WIAPLES, Pres' Willys' Overland Covnecticut Trust and Safe Conpecticut Trust and Safe eposit Co. 3 STRONG, SELIALLL CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian SURPLUS $750,000 Deposit Co. HARTFORD, CONN., e e s