New Britain Herald Newspaper, December 16, 1916, Page 11

NEW BRITAIN DAILY HERALD, SATURDAY, DECEMBER 16, 1910. | “Tt’s a badge of respectability to be n bundles during the carrying olidays.” | Here's Joat for or just ‘the kind of a winter the active, the alert busines nan, “means bu man who Medium Iengty ange from pla ey in patterns that n grays to the smart patterns of beautifully blended TR RS A Continuous MERRY CHRISTMAS A bank account with us is suggested as the best Christmas present because it is substan- tial and constantly increasing— thus affording continuous Christma, 4 per cent. Interest Savings Accounts. a Paid on NEW BRITAIN, CONN. | | | | | the surpris : many traceable c I t TO TEST CORRUPTION ACT. & Brewers Will Carry Case to Supreme | a | by b Court. Pittsburgh, Dec. 16.—Arguments motion >ht on the fments br ript to dismiss the indict- | under the federal cor- | act st seventy- | Wo brewing corporations in the state e £ o pr agair of , Pennsylvania were heard in S the e A X a indicted for | 4 Inited rday. The corporations were alleged cont aign f | | es district court here m-f | Attorneys for both | g es declare the will be carried | o:'the United States supreme court | p, regrirdless of the decision ‘of the dis- | ret court in order to test the con- pitutionality of the act. BIUNDER 16.-—Nobody 1 today, b to D, 1 blun- SAY NOBODY Honolulu, Dec. dered, army officers sa Wi in re- ju artillery Wi ordering to the islands a of horse-drawn for the Ninth Field organization. When cently ge mount * s quipment artil- ery, a motorized e equipment was re-shipped the last weelk to the mainland it was reported that it had been shipped here under a misapprehension as fo the character of the equipment reguired. Officers kaid that as a matter of fact the mo- torization of the regiment was not de- iged upon until the horse-drawn 2quipment on its way here. Wi fr w o the butions to political cam- | 1ation mm, in the first quarter of 1917. companies have been the and from Canada it all tr Steel and Pig 7 !mn M@g‘ketsi The Iron Age says: The one day that has elapsed since ng announcement of Ger- ce provosal has shown no fects in the steel market. f actual negotiations for peace iould be undertaken in the near fu- ure it s conceded that the develop- nents in the steel industry would be hly important; but at present the rde is dominated by the belief that this stage no basis of agreement be found on w the war can be ended. All calculations of nd sellers of steel have long been ased, not on the imminence of peace, ut on the indefinite continuance of war and the present price struc- ure has been built up by the war. ffect on prices of actual negotiations or peace, should they come, is not v sked in the current discussion. For months cont between Am- rican steel manufacturers and the llies have been dr: gainst an abrupt f emand for war pu A stipu- in some contract that if hell steel is not specificd the buyer ake soft steel in some form, as s, plates or shapes. Concerning the steel corporation’s ease of over 1,000,000 tons in or- November, it is stated on au- | that out of nearly 00,000 ns booked in that month less than n per cent. is to be classed as export ir business. The German peace proposal st as greater efforts were bein cth on behalf of Great Britain ance to get American steel. eek one sale of 0,000 tons rounds is reported for pe an ich domestic buvers wn so as to guard s off in the is came put delivery The price One or two steel negotiating for le of round lots of forging steel s intimated that the steel that can be furnished rom this side will be taken That Chicago district mills con- ibuted 500,000 tons, or about half | f the steel corporation’s gain in un- | as about 43ec. I 'RUE. we have man show you for Chr useful, and some that name the most attractiv the gentlewoman, we sh The Gift of Gifts. artistically decorated g virtues of the ideal gi even if duplicated. OUR ASSORTMENT IS COMPLETE— 1ALL BOX: R THOSE YOU WISH TO REMEMBER. + Initials or Monograms on The GIFT of GIFTS thatare merely beautiful, some that are really give precedence to CRANE'S LINEN LAWN— This fine stationery, in ness, Usefulness—and it is always acceptable color, from one of a thousand dies we have on hand. Adkins Printing Co. wan st v dehightful things to 1stmas giving some are both Asked to e and useful gift for ould be compelled to ift boxes, has all the ft—Beauty, Correct- ELABORATE BOXES FOR THOSE TO WHOM A MORE PRETENTIOUS GIFT IS FITTING. your selection in gold or GREW IN CHARGE OF EMBASSY IN BERLIN ! that Berlin secretary of the Berlin charge d-affaires, is the man who re- Joseph C. Grew, American embassy in and ancellor von Bethman- to the erman suggestion to ceived from C Hollweg for transmi United States the G ion was ready consider peace negotiations. Mr. Grew, who represented the United States in Am- bassador Gerard’s absence, is a young man for so important a only thirty-six vea old. He was graduated from Harvard in 1903 nd began his career in the consular and diplomatic service in 1904 as clerk to the consulate general in Cairo. Since then he has served in Mexico City, Petrograd, Vienna and Berlin. Mr. Grew’s home is in Boston. post, being indicates the pa u- last month, activity of domestic buyers, larly the railroads. Already fully 450,000 tons of rails has been sold there for delivery in the first half of 1918. An additional 20,000 tons has been taken by the St. Paul road, ing its total 60,000 tons. It pected that the Pennsylvania road’s orders for 205,000 tons of 100- 1b. to 130-1b. rails will soon be placed for 1918 The railroad situation in the Valley and Pittsburgh districts has gone from bad to worse. A number of blast fur- naces are short of coke, due to recent embargoes, and some are likely to be forced out of blast. Shipments of finished material are also seriously hampered and the closing of some mills may be necessary if product ac- cumulates further The week's advances in finished steel products have been chiefly in spikes, which have long ben out of line, in tie-plates, sheets and in iron and rail carbon b: Some produc- ers, with more moderation, have made a $2 advance. Wire products are ex- pected to go higher, probably $2 or $3 a ton, before January 1. Tt is expected that the contract price on shect bars for the first quar- ter of 1917 will be fixed at close to For export billets and sheet bars $60 has been paid, and a centr: western sale of ingots for domest conzumption was made at $55. The pig-iron market has lost its fe- verish activity and in some ai s there is a marked falling off in de- mand. Prices have reached a level that causes buyers to hesitate. Besse- mer iron for export has sold at $35, Valley furnace and on a more limited of buying domestic users have that price. Foundry iron has filled orde: a | advanced $1 in some markets, but in other districts is unchanged. HUNTERS KILL 400 EILK. Livingstone, Mont., Dec. 16.—FHunt- ers estimated that 400 elk were killed just outside the northern houndary of Yellowstone National park during the last two days of the hunting sea son which closed last night. Heavy snowstorms of the last week forced the elk from mountainous regions of the park into the . lower altitude where the hunters were waiting for them. From Winter Coids with Hale’s Honey Of Horehound and Tar It stops coughs before they become serious. Contains no opium nor anything injurious. Pike’s Toothache Drops Stop the Pain | home | an g Henry Clews’ $ Weekly Letter S NN | | | { [ (Special to the Herald.) New York, Dec. 16.—I doubt very much if President Wilson will take part in a peace proposition at this time without its being in accord with both sides. As a neutral nation it is obvious and almost mandatory that that should be his attitude, hence the president is likely to wait before tak- ing any serious action in the maltte The position that is taken by the Al- | lies will doubtless decide the presi- | dent’s action. We must not expect | any pronounced ' position meanwhile. | The Teuton peace proposal, from ap- | pearances, is evidently largel) for | consumption and not for the | general acceptation of the Allies, nev- ertheless it affords meat for thought; it may lead to counter-proposals and | in that case final conclusions may | bring about fruitful results, especially | as all nations 'and all peoples thereof | desire peace and the stopping of the greatest brutality in warfare that the world has ever expeorienced. It is to be hoped therefore that the peace proposal may start a propaganda that { will result in definitely and perman- ently stopping the movement has to be the warring nations other and it is to be is a sincere intention now by Germany and peace will finally grow early date. But there ot cause for doubt that the Allies will favor- ably consider it at this juncture. Peace proposals from Berlin caused a severe reaction in the stock market, especially in shares which had bene- fited by the war. The announce- ment came upon a market already weakened by over-buying, making the fall all the more precipitate. A tem- porary recovery followed, after which the market became demoralized. Just what would happen marketwise in event of an early peace is somewhat difficult to positively anticipate. If hostilities were suspended, armies would certainly not be disbanded un- til peace terms were actually signed by all the belligerents, a conclusion that may demand montis for accom- plishment. During such a period war orders might continue, though poss bly on a diminished scale. Peace or no peace, Great Britain will in future buy less munitions here than formerly because she is now prepared to pro- duce in full for herself and in part for her Allies, especially with the forth- coming assistance from Canada. When peace does come Europe will continue to bu here in large quantities for comstructive instead of destruc- tive purposes. Turope will also buy | our copper, our oil and other raw ma- terials in large quantities in order to fill the voids which now exist, also 1o start present idle industries. ports of cotton alone will go far towards offseiting the 1 of mnunition ship- men Morecov this country as dependent upon munition for prosperity as it was two ago. We have gotten a prosperity @ momentum entirely our own an activity derived very solf-d Hypment In- flation has enormously stimulated home industry, and while war profits have undoubtedly been the prime cause of this inflation, still the in- creased consumption of many com- modities and luxuries in the United States can be attributed to home pros- perity. Even our export trade is less dependent than formerly upen muni- tion orders, which now constitute less than half of the increase and little more than one-third of our total ex- ports. Peace, when it does come, will also bring another beneficial offsot in a revival of imports, the lack of which has so profoundly deranged our for- eign trade. Peace will hasten a gen- eral return to normal conditions in other respects, and it would be unsafe war. A peace started between some time or hoped that this that direction that permanent out of it at eel orders years We is not § to assume that to end the war will be injurious to business simply hecause certain industries which have been en- riched by the world's misery must readjust themselves to a peace foot- ing. Though peace is not yet in sight, it is highly important to recognize the changed attitude of Germany. Tt is the vital factor in the whole situation, The Central Powers have not won any of the great objects for which they started yet they have achieved re- markable military successes and di played a marvellous power of resist- ance to the Allies, which the latter will have to take into consideration. | Germany may never have a more op- portune time for making peace. Both sermany and the Allles should be al- lowed to definitely state their position, so that the world may learn how far part they arc and what basis re- mains for mediation. In all prob- ability the views of both sides may prove so widely conflicting as to make any serious peace movement at this time impossible, Nevertheless, the movement is one to which the dic- s of humanity should give every ble encouragement, and avert if ible a continuance of the war even greater savagery than now. The most difficult problem to be en- settlement will with the Balkan nations. So far as the stock market is con- cerned, a new stage has probably been reached, namely, the beginning of re- adjustment of affairs to a peace basis. | The demobilization of the great armies on both sides may he long way off; yet worldwide ex means that the forces of d ruction are on the wanc and that the dawn of the new era is close at hand, While | the world inancial markets per- | be a countered to effect a permanent peace | wustion | formed strange deeds when the war began, it is not to be supposed that those same things will be undone when the end drays mnear, nor that | conditions existing in J 1913, will be in any degree restored. That there will be extensive readjustments to the new conditions goes without saying. There should be no cause for panic; | more time will be given for action, | dip ats will supersede generals; news will be more encouraging, and hope will cast out fear. Such chang in fundamental conditions must reflected in values, Munition be | hares | m‘rflmfiwfié #CE CF9 D) 1147116 AsyLum ST HWARTFORD. HOLIDAY GIFTS AT THE H. O, P, STORE FOR MEN Neckwear (in fancy boxes), 50c to $2.50. Shirts, $1.00 to $3.50. Toilet Sets, $1.50 to $22.50. Military Cuff Links, Scarf Pins, 50¢ to $2 Shaving Sets, $1.50 to $1 Suspenders and Belts boxes), 50¢ and $1.0¢ Gloves, $1.50 to / 00. Umbrellas, $1.00 to Sweatc L Shoos, § Mackinaws, $4.50 to $12, Caps, 50¢ to $1.50. Bath Robes, $3.50 to § Fur Coats, $18.00 to $1: STORE OPEN 7 2.50. (in fancy will of course he adversely affected, though it should be remembered that many of these have {aken precaus tionary measures to meet all such contingencies. Industrials which have been unduly inflated must lead reac- ‘tion; and yet these may suffer quite as much from increased expenses as from loss of war orders, Commodity prices have been pushed to such dizzy heights as to compél economy among nearly all classes of consumers. These high prices spelled extraordinary pros- perity for the grower and and the miner, not to speak of organized labor, but they also meant extra hazards for manufacturers and dstributors, many of whom stocked up more freely than usual to protect themselves from scar- city and high prices. Our whole ma- chinery of production and distribu- tion has been thrown violently out of gear by the Ruropean cataclysm, and a temporary slowing down for the pur- pose of establishing a better balance will tend to prolong present activity ind facilitate a more equitable distri- bution of the proceeds. Ou ity touched high water mark a month ago profits were then at their zenith and the evening-down proce already made considerable progres Speculation had been carried to most dan level the straint imposed hy Thigher money rates proved timely and beneficial. Caution has been advised for sever: weeks past, and the technical condi- tion of the market will undoubtedly be improved by the heavy liquidation of the last few days. The monetary situation has improved owing to the contraction in loans and renewed gold imports, which have reached nearly §80,000,000 for this month and almost $600,000,000 this year. On ¥ day there was rally followin break of Thursday, with the indica- tion that the worst of the shock had spent its force, hence a still higher range is a natural sequence. HENRY CLEWS an erous ana re- GOOD TASTE. Worn with a tailored suit worsted invisibly striped with this luxurious a great d and half close turban very berries circuit of once neck. velvet with exactly in th it round navy grow The | | prosper- | of navy , white, | vle of pointed fox cuts | front. | MEMBERS NEW YORK STOCK EXCHANGE Represented by E. W. EDDY 31 West Main Street, City Hall Building Telephone 1840 shs Stanley Works shs North & Judd shs American Hardware 100 shs Bristol Brass 100 shs Niles-Bement-Pond 50 shs American Brass Co. 50 shs Colt’s Arms 50 shs Scovill Mfg. Co. 100 100 100 FINANCIAL NEWS 541% 1013 367% MARKET IS STRONGER ANTIPACIFISTS N[5 RUSSIA GIVE HOPE Stock Market Shows Signs oii Recovering from Slump | Favorable, Says Local Quotations Given, » | close today Wall Street—The probable attitude | {pere was of the Entente Allies toward the Ger- a little more Bement-Pond and The quotations follow: American Brass . ... 335 Americs ardware 184 Billin Spencer 120 Bristol Brass 68 Colt’s Fire ATms ........ Lande: Frary Clark Marine Lamp Marlin Arms o Niles-Bement-Pond North & Judd Russell Mfg. Scovill Mfg, Stanley Work | Torrington | Traut & Hine FExchange quota- j Union Mfg. tfons furnished by Richter & Co. | National Surety members of the New York Stock | Standard Screw change. Represented by E. W. Dec. 16, High Low 101% 99 6834 281 50 313 108 111% 126 87 10414 6835 847% 83 558 5514 9414 6614 man peace poposals, as suggested by | the Russian Duma’s firm nd other over-night events, which to discourage the idea of early peace negotiations, prompted much short coverings during today’s brief session. Specialties made further recoveries of 2 to b points, with 25 for Bethlehem Steel. Some of this advantage was relinquished with the dealings of the second hour. Rails ngain stood out for their consistent strength. The closing was sron otal were estimated at 750,000 Bonds were irreguular. and ved es share: New York Stock 250 x- ’ 400 Bady. | 916 1916 | | | Advertised i.etters. Close | 100 69 29 Am Am Am Am Am Am Am Am Beet Car Ice Can Loco Smelting Sugar .. Tel & Tel Anaconda Cop ATS Fe Ry C Baldwin Loco B & O B PR Beth Steel . Butte Superior Central Leather Ches & Ohio Chino Copper Chi Mil & St Paul. ol F & I Cons Gas ..... Crucible Steel Distiller: Erie Sugar & ¥a maining unclaimed at 1916: Tiss Mary Adamowska, ale Andrews, Mrs. M. A. Bailey Anna Boyt. rgaret A, Cad ank Chaffin Carlson L. A, Cushman Deerfoot, on Brnst, Charles S, Gray. vron Denke, George Henderson, Mr. Moffman. Jim Turley. M lward Johnson, 1,0uis Tedonni. G. B. Landin, Erie 1st pfd Mrs. J. O, Larson. General Electric 17214 Miss R. Martin, Goodrich Rub ... 1.. Madezskl. Gt Nor Ore Cetfs. | Ta Morton. Inspiration Newton. Kansas City so ' H. Noble. Kennecott Cop. Penfleld Lack Steel Julia Reynolds Lehigh Val .. ... . G. M. Rainhara Max Mot com .. wanson Mex Petrol Natl Lead N Y Air Brake . N Y ¢ & Hud Nev Cons Mrs. Sandgrer C. C. Warner Mrs, White. iss Emma Wadin Iadv R. Watson, jr, \iiss Madolin Whitney, T. B. Wickwin, Jusef Wilek Miss Helen Wells, (¢)) Y Nor| Norf Pac Penn Ont Pac & Mail R We R Steel Reading Rep T & So Pac So Ry So Ry pfd Studebaker Texas Oil Third Ave Union Pac United F: Utah Cop U S Rub Co U S Steel 1143 U S Steel pfd 119 Va Car Chem ... 45 5% 4 of list. w. on date F. DELANEY, YOUR NECKWEAR it 8 .109% 65 114 108 7% 4 6514 s & wr = Connecticut Trust and Saie Deposii Co. 3 STRONG, RULLABLE CORPORATION organized and qualified through years of efficient, trustworthy service, to act as Conservator, Guardian Executor or Administrator: CAPITAL $750,000. SURPLUS $750,000 Connecticut Trust and Safe Deposit Co. WA DLES, HARTFORD, CONN. T A A . General Tone of Market at Close More Richter & Co.— According to Richter & Co. the local | market looked more favorable at the and during the morning demand American for The following is a list of letters re- the New Brit ain, Conn., post office, December 16th, Ask for advertised letters and men= Postmaster. ALWAYS, ‘1 Wilgon's | 5, | |