New Britain Herald Newspaper, December 28, 1916, Page 11

NEW BRITAIN DAILY HERALD, THURSDAY, DECEMBER 28, 191e We know what you are thinking abbut—where to get that new over- t come to our | can see every style Thent of patter: Prices? The ahywhere for Overcoats. hile you are herc let you with satisfactory wear. store, where you and a big assort- can find reliable | lowest you good honest us supply winter under- NEW BRITAIN, CONN City Items Acording to the popular vote of the members of the Young People's so- ciety of the Methodist church the fiscal year will start January 1. The niembers will enjoy a social half hour each Sunday from 7 to 7:30 o'clock. Six of the young men of St. Mark's church gave a minstrel show last eve- ning in connection with the child- ren’s- Christmas party. The follow- ing took part: Clifford and Stewart Hellberg, Charles Keeher, Howard Mitchell, Dewey Barnes and Joseph Jackson, Only two days left of the Clearance Sale at Loughery’s, Y. M. C. A. Bldg. | —advt.. Mr. and Mrs, Aibert Grauer, form- erly of this city, who have been re- siding in Worcester for several months, are visiting friends here. They will soon remove to Boston to | malke their future home. Joseph Haffey, manager of White's cafe, who is ill at his home on Wash- ington street, is reported as consider- ably improved today. TInventory will be taken Traut & Hine Manufacturing pany on Monday and @ Tuesday of next week and in consequence the plant will be closed. The annual meeting of the company will be held early in February. Retiring President P. Henry Cor- bett will install the officers of the Jofal branch of the Bartenders union In Eagles' hall Sunday, January 7. TThomas P. Crean, who has been connected with a Philadelphia con- cern for several months, has returned to his home in this city. Mrs. Charles H. Johnson of Belvi- dere has announced the engagement of her sister, Miss Oagot Schulstad, tos Rudolph Bradlau. sraydon Cowles has returned to Plattsburg, N. Y., after spending the holiday vacation with his parents Mrs. G. B. Cowles of this the com- at Mr: and city. SPELLACY IN FOOD INQUIRY. Will Attend Conference of District Attorneys in New York. Hartford, Dec. district attorney Thomas will-go to New York tonight to attend a gonference Friday of the United States district attorneys of New York, Penn.,, West Virginia, Maryland, Delaware, Connecticut and Rhode Island. The meeting will be in the office of Assistant Attorney General Swacker and will be in charge of J. Spellacy was President W. leyan University. eral education, and the responsibility RESOLVE. TO MAKE A WILL and then do not put it off from day to day, but do it now and apjoint the Commercial Trust your Executor, which can always be depended upon for efficiency and faithful- ness to duty. Particulars fur- nisied upon request. Company as COLLEGE CLUB BANQUET Edward Martin, Harvey Nourse, Cles- Parker and Samuel Burns | | v&nll Elected Officers, New Britain college boys 11:30 today at the Y. M.'C. A, for a business meeting and a banquet. Robert Sengle, a student at Yale Law school, called the meeting to and asked far nominations for dent for the coming year. Martin of Yale was elected. Martin then took the floor and pro- ceeded with the election. Harvey e of Weslevan was elected se Clesson Parker of Middlebury | was elected vice president, and Samuel | Burns of Cornell was elected treas- | urer. The number, of different col- leges represented at the business | meeting was eight mare than last vear. Men were present from Colum- bia, Weslevan, Ohio State, University of Maine, Georgetown, Fordham, Yale, Harvard, Syracuse, Renssalaer, Massachusetts Agricultural college, Middlebury, Williams, Vermont Uni- versity, New York University, Cornell, Ohio Northern, Rhodes City college, Dartmouth and T#inity. After the business meeting the club adjourned to the banquet hall. After dinner, Robert Single introduced Ed- win N, Lewis of the New York Tribune as toastmaster. ‘“Néd's many friends gave him a royal greeting and it was not until a signal for silence was given that the applause ceased, The first speaker of the afternoon A. Shanklin of Wes- The tally was a gen- met at order presi- Edward President lege education, and the responsibility that automatically falls on a college man. President Shanklin gave advice to the boys about the true source of happiness in college life, and before many minutes, the entire assembly agreed with the speaker in his views. Ansan T. McCook of Hartford told the boys about the true condition of the United States military machine. Mr. McCook was a non commissioned officer at the Plattsburg camp in 1915 and he collected a great deal of data which he used to plead for prepared- ness. DINING ON CHARITY, INHERITS $150,000 Destitute Family Learns of Bequest While Eating Christmas Dinner Jurnished by Philanthropists, Albany, Dec, 28.—While he, his wife and his five children were eating charity Christmas dinners, Willlam Skinner, resident of a basement in the slums of Albany, received a letter from England notifving him that a fortune of $150,000 has been left to him by his father, a prominent English bar- rister who recently died. Skinner was the business failure of the family and finally he was sent over here as a remittance man. Some weeks ago Dr. Creighton R. Storey, a local clergyman who devotes his time to the relief ‘of the poor, heard from neighbors that Skinner's six children WANTS INQUIRY OF STOCK “LEAK” \X//LLI,QM R.WwooD . Reports in circulation, mainly in New York, that an advance tip on the president’s peace move had been ob- tained by stock speculators and that some of them had profited heavi crystalized in the introduction of resolution in the house by Repre- sentative W. R. Wood an Indiana re- publican, providing for an investiga- tion by a committee of five repre- sentatives. When Secretary Lansing was told of the Wood resolution he laughed and said that he would be a | glad to have an investigation, Other officials said the gossip was ridiculous, "By the terms of the resolution the committee is to investigate ‘‘whether any one high in the administration of governmental affairs in the United States profited financially, either di- rectly or indirectly, by the fluctua- tions in the stock market accurring Thursday, December 21, 1916, follow- ing the two contradictory interpreta- tions given to the public from the of- fice of the secretary of state concern- ing the note of the president of the United States, dated December 20, 1916, to the belligerent powers.” The note was dated December 18. Photo shows Representative Wood. DEATHS AND FUNERALS Mrs. Lenora Solt The funeral of Mrs. Lenora Sol- tysicik of 148 Grove street was held at 8 o’clock this morning from Sa- cred Heart church with a mass of requiem. The burial was in Sacred Heart cemetery. Owen Connell; The funeral of Owen Connelly was at 9 o'clock this morning from St. Mary's church with Rev. John E. Fay officlating at a mass of requiem. There was a delegation attending from Daly council, K. of . The bearers were Timothy Hennessey, John Caufield, T. C. Smith, Michael | O’Neil, M. W. Halloran and A. Duffy. Burial was in St. new cemetery. James Mary's Mrs, Etta V. Ford. The body of Mrs. Etta V. Ford, who died at her home in Springficld, Wed- nesday, will be brought to this city tomorrow for burial in Fairview cem- etery. Mrs. Ann Markley, widaw of Michael Markley and one of the old- est residents of Irish birth in the city, dled today at the home of her daugh- ter, Mrs. Henry Willlams of 258 Dwight street. She had been a res dent of this city for many vears. Be- sides Mrs. Willlams, she is survived by a son, Michael Markley of Chicopee, Mass. ,and a daughter, Miss Mary Markley of this city. l | what Steel and Pig Iron Markets The Iron Age says today: Transportation troubl are the most obtruding factor in the steel market, just at ' time when the trade 1s making every effort to appraise the effects of peace talk. Many blast furnaces have been banked in the past week for lack of coke, the Steel Cor- poration alone counting 19 on. this list. The railroad rule, “When in doubt declare an embargo,”” is being enforced right and left. Southern iron is being refused by Ohio rail- roads. Pig iron and steel for New York harbor points are refused by Central Western lines and in the Pittsburgh and Valley districts iron and steel works are suffering from their worst tie-up. December, from the standpoint of production and shipments and hence of earnings, will fall considerably short of November with all the pro- ducers of steel. Unfilled tonnage statements will show an increase but it will ‘not be a favorable one. The fue] scarcity is more serious in all lines. Blast furnaces having by- preduct coke ovens have no advan- tage, since they are short of coa A number of sheet and other mills have been shut down by lack of coal for reheating furnaces. With so many steel producers be- hind on their deliveries and loaded with orders that represent from four to eight months of operation, the pos- sibilities of later price readjustments aro not a matter of present concern. At the, me time, the 5 per cent. ad- vance announced' in the past week by bolt and nut makers and that of $2 a ton by a leading producer of bars, plates and shapes, do not mean uch advances mean when buy- ing is active. ’ The cffect of peace discussions is chiefly seen in the holding off of buy- ers who have figured on extended de- liveries. This applies to hoth pig iron and steel. In Ohio, a new stee company inquiring for 000 of basic iron, with first delivery May, has put off buying. The scramble for pig iron for the sec- ond half of 1917 lation against a scarcity Europe’s continued heavy buying, that the chance of FEurope's demand falling off is bound to have its effect. Railroad, shell steel and structural demand have figured in the curtailed operations of a holiday market. At Chicago 25,000 tons of rails, 15,000 tons of rail fastenings and 150,000 kegs of bolts and spikes were bought. The Wheeling & Lake Erie has closed for 5,000 tons of rails, and an inquiry has come up for 5,000 to 6,000 tons of light rails for France. The Baldwin inquiry for 30,000 tons of 63-in. shell stock is the principal item 1n war steel. On foreign ac- count the buving of 20,000 tons is re- ported and Italy's inquiry for 40,000 tons 1s still active. In structural lines award of 15,000 tons News shipyvard due to the pending for Newport extensions and the closing of 7,000 tons for the New York Shipbuilding Compan m- provement are of chlef interest. The supply of structural work holds up well and industrial extensions con- tinue to figure prominently. LANDMARK MUST GO Aroma of Beans and Hot Dogs Depart From Main Street Cros Soon—Action Follows Investigation. In compliance with an order is- sued by the officials of the ‘New Haven” road, the lunch wagon which has been located near the Main street railroad crossing is doomed and with- in the next few weeks its existence will be but a memory. | The action of the officials follows an investigation of the grade crossings in this city after the accident on December 9 at Washington street, in which Michael Claughsey lost his life and his two daughters and niece were taken to the local hospital after a funeral carriage had been struck by the Bos- ton express. The lunch wagon is lo- cated at a direct angle to the gate- man, and it is with the view of fur- ther protecting the public that the move is made for its removal. The wagon has been considered by many as one of the city’s landmarks. Maurice McGarry, one of the pioneers rolling | tons | in | late | | was o far a specu- | ‘ 'SPECIAL SALE OF 'LADIES’ SKIRTS All fall and winter Skirts, in checks, stripes and mixtures—Ilatest styles. Values up to $8.95 at $5.00 A fine assortment of colors, and | all sizes from 23 to 38 waistbands. iCE €] h@ 116 ASYLUM ST \9 HARTFORD. Q BROKER THINKS THE ’Expresses Belief Market Tonched | Rock Bottom Week Ago (Furnished by Richter & Company) We believe that the bottom of the recent break in the local market was reached several days ago. Since then stocks have been inactive but in most instances there have been fair eries from low prices. Several extra dividends have declared by our local factories. Union Manufacturing company, in addition to their regular quarterly dividend of two per cent, paid eight per cent. ex- tra. Stock is quoted 100 to 110. New Britain Machine, in addition to their regular quarterly dividend of two and one-half per cent, has declared an extra dividend of two and one-half per cent. A similar extra was declared last January and last July. Stock is quoted 100 bid, 105 asked. North & Judd has declared an extrg dividend of two per cent., payable ®December s(, in addition to their regular qu terly dividend of four per cent. This makes for North & Judd a total of ten per cent. paid from July 1st to Jan- uary 1st. It may safely be assumed that a total of ten per cent. will he paid the next six minths, making twenty per cent. for their fiscal year. The stock is quoted ninety bid, nin three asked. Traut & Hine, on Christ- mas day, declared an extra of one per cent. and also one and one-half per cent regular for January 1st. There have been several Traut &-Hine ex tras during the past three or four months and more are expected in the future. It is also rumored that an increase in capitalization will be made early in the vear. Stock is quoted sixty bid, seventy asked. Amer. ican Hardware, in addition to their regular dividend of one and one-half { per cent. has declared one-half per cent. extra. We belleve that this stock is mow permanently on a seven per t cent. b s, and that extra dividends I will he paid occasionally. 133 is bid for the stock, 138 asked ex dividend, with recent sales from 135 to 137. Stanley Works has declared four per cent. quarterly for January 1st, plac- ing the stock on a sixteen per cent. basis. Landers, Frary & Clark has increased its capitalization from $4,- 000,000 to $5,000,000. ch share- recov- been CRISIS HAS PASSED MEMBERS NEW YORX STOCK EXCHANGE Represented by E. 31 West Main Street, W. EDDY Telephone 1840 City Hall Bailding} shs shs shs shs shs shs shs shs shs shs Niles-Bement-Pond Stanley Rule & Level Stanley Works Landers, Frary & Clark New Britain Machine Bristol Brass Colts Arms North & Judd Scevill Mfg. Co. American Brass FINANCIAL NEWS ON' MARKET Many Popular Shares large volume ican situatien. ers other than rails, converging about the petroleum, Central and various other better known tions were plainly ings werc more active similar period Losses were greatly ing the forenoon, West Indies leading decline of 7 3-4 points. cielded 2 5-8, coppers aicohol 4 1-4 troleum and sugars and mining shares, 2 Bonds were increased back Anglo-French low record and breaking 5 points. shs Chile at lowest the noon and when selling its course. prices in appeared attended the diminished the last hour, ing actual gains on closing was heavy. change. High 891 113 89 Am. Beet Sugar Alaska Gold .. Am Ag Chem PRICES G0 DOWN Yield to Heavy Selling Wall Street—Liquidation accompanied opening dealings in stocks, the move- | Chino Copper ment being attributed to the European developments and the Mex- Losses of one to over 3 points were recorded by most lead- with metal Leather specaltids. ping shares also yielded easily and the | equipments and reactiona than of the week extended Atlantic, with and motors 2 to | leather, res, to 10 points. in making a new ‘ Steel and some other leader cd rallied only slightly to Marines were about nly issue to manifest relative strength. Closing—Recoveries of 1 to 3 points some specialties mak- the Sales approximated 1,000,000 shares. | New York Stock Exchange quota- tions furnished by Richter members of the New York Stock Ex- Represented by B. W. Eddy. | Dec. Am C Am Car & Fdy Co Ice an .0c0 .. o 76 Smelting 102 s : 55% 64 | Aam « { Am Am Am | Am Tel & Tel | Anaconda | AGAIN Forced to| L126% 828 L1043 Cop Ry C Loco 80 ATSFe 0 | h'\llh\!n |> R J T Butte up: or Canadian Pacifi Central Leather | Ches & Ohio in fairly toda Chi Mil & St Col F & I Cons Gas .. Crucible Steel | Distillers Sec | Erie Erie 1st General Goodrich Great Nor Gt Nor | Inspi Kansas latest Paul. heaviness group, motor i pfd Ship- | Electric Rub pfd Ore Cetfs. ation City dur- ! Kennecott Cop Gulf and | Lack Steel an extreme | Lehigh Val U. S. Steel | Louis & Nash Max Mot com pe- | Mex Petrol to 4| Natl Lead .. N Y Air Brake N Y C & Hu Nev Cons copper INYNH&H N Y Ont | Nor Pac muni- Deal- in any S0 paper, the set- | R R 5 & West were after later, run | the West Mail § S Co.. Penn R R Ray Cons Reading Rep I & S com Rep I & S pfd So Pac O RV tudebaker Texas Oil y Union | United Fruit Utah Cop |U s Rub Co U S Steel .. U S Steel pfd Va Car Chem Westinghouse “estern Union llys Overland 135 have dealings of day. The & Co. 28, Low, 871 103 8814 1916 Close 89 10% 89 1 461 1081 124% % 109% 19% facturing Company and 600. This have been [ cent, and the time is slightly Earnings are three times dividends lieve that the stock worth between Contrary to this stock at 20 vield over is that is selling between vear id at the rate of 128 per the t the rate paid. intrinsically 500 and $700 the general is primarily about selling cent. This under { 51-4 per considerably sic worth. Billing ing at rate stock is quoted rnings will ra $500,000 and § represents a points, and we recommend this stock investment. Russell dividends of 20 per 100 bid, ge this year 0,000. present the icent. least be- per of at We decline do not as an per be- a Spencer stock intrin is pay cent. 105 betwee The presen| of hesi attractiv Meanufacturing Tholder is entitled to subscribe to new stock at par in the proportion of one new share for each four shares now hveld. Rights are quoted nine and onequarter bid, nine and three-quar- ters asked, and as it takes four rights for the privilege of subscribing to cach new share, new stock stands the purchaser in from 61 to 64. So far there has been very little trading in the rights, but they seem to be in gzood demand. All of our local com- s are in a very prosperous con- and the outlook for the future is extremely bright. As we sald beiore we belfeve that the reaction in the war stocks has run course. American Brass has ral- od from its low point of 320 to a quotation of 340 bid, 350 asked. This come to this city and speak at the | stock has paid twenty-five per cent. in proposed dinner here of members of | the past two years, and althouh earn- the party throughout Hartford coun- | ings are four or five times this amount ty. At present there is no member of | it i5 very probable no increase in di- the party occupylng morve public at- | vidend will be made until the war i tention than the Park City politician j Over, and when that time comes W | s and with him as the leading spirit | Pelleve that the American Brass com- the suceess of the undertaking would | PAnY Will pay a large cash dividend of receive considerable impett 100 per stock, we have learned, on good | Company is offered at authority, that of the 13,000 men em- | dends paid at ployed at the Scovill plant only 3,000 | cent month, are engaged in the manufacture of |that munitions. The present price of Scovil] represents a decline of 300 | The Fire points from its reccnt high and |of Hartford should be distinctly attractive in- | Aetna Life, vestment now. ndard Screw Com- | Accident & mon has also .declined over 200 |necticut General points, and quoted 380 bid, 410 | ford Steam B asked. We believe that earnings this | and Travelers past vear have becn at last $300 per | Aetna Fire is 400 share. For the past two quarters | 810 bid, 815 asked 20 per cent. extra has been paid and | hid, 395 asked, Phoenix the yield at the pr time ex- and Stanc tremely attractive. s-Bement- asked Pond has declined from believe It ie quoted now 175 bhid, rnings are running at the 70 per cent. on this stock company has been ver: ns as regards dividends: 10 per ing the present rate. The 300, rate it sell and divi pe rumore consider; in the lunch cart business in this city, conducted the place for many vears and later John F. Leeney was the owner. For the past few years | Maxwell & Hill have conducted the business. The present made plans for Gevrge Anderson, who is assistant te | were without food or adequate cloth- the attorney general in charge of the |ing. Dr. Storey investigated and the investigation into the high price of | three older children were sent to the living, including foodstuffs. The con- | Humane society, while philanthropists ference will doubtless establish a | did what they could for Skinner, his uniform plan of investigation to get | wife and two younger children. the information desired On Christmas Day the three older children shared in the turkey dinner provided by the Humane saciety, while the charity committee of the Kiwanis club furnished turkey and “trimmin’s" for the family left at home. They were eating this when the letter ar- rived. Skinner will get $750 a vear for six years under his father’s will and then will get all the income from the $150,- 000. His children will divide the in- : J _of Augusta i come after his death. Zeprer of sald New Britain, praying | skinner has a brother who is a lieu- that an instrugient in writing pur- tenant in the English army and has porting to be the last will and test distinguished himself at the front, mént of said deceased may be proved, approved and admitted to probate, as per application on file more fully appearsy it is Ordered That said application be heard and determined at the Probate Office, in New Britain, in said dis- tréct, on the 4th d of January A. | D, 1917, at 9 o'clock in the fore- noon, and that notice be given of the pendency of said application and the time and place of hearing there- on, by publishing this order in some Bewspaper published in said New Britain, having a circulation in said District, and by posting a copy there- . of, on the public sign post in the Town of New Britain, in said Dis- l.rlct, and return make, . i BERNARD F. GAFFNEY. Judge. Stanley Horwitz, Stanley Horwitz, four manths old son of Mr. and Mrs. Harry Horwitz of 1082 Stanley street, died this morning following a brief illness. The funeral was from his home this afternoon Wwith burial in Beth Alom cemetery. the nd should are per Is this stock higher bly and Life T quoted 800 bid, 810 Liability 5 Life nce stock follows Aetng Con Hart bid, 515 asked| bid, 890 asked] bid, Hartford ¥ National Fire Fire 400 d Flre owners have already re changing the location of their business, and will open a res- taurant in the new building directly across the tracks, owned by Berk- woitz & Mag. They will prohably take possession about January 10. | asked At a Court of Probate holden at 5 New PBritain, within and for the Dis- | i trict of Berlin, in the County of Har ford and State of Connecticut, on the 28th day of December, A. 'D., 1916 Present, Bernard -Estate of New Britain ceased. Upon the petition URGE B. & M. REORGANIZATION, Directors Cook and Carr Belicve That Is Only Way Out. F. Gaffney, judge. August Zehrer late of An said district de- bid 6 TRYING TO GET KING. Efforts are being made by the lead- ‘ ers in local republican circles, to se- | i | | Boston, Dec. 28.—Two directors of the Boston and Maine road, Charles Sumner Cook of Portland, Me., and Samue] Carr of this city, testified in the receivership proceedings in the federal court today that in their opinion reorganization of the road was necessary to Insure its financial stability. The proposed plan of reorganiz tion Mr. Carr said would assure di dends on the common stock within ten vears. Mr. Cook said he favored reorgani- zation because he thought it would put his stock on a dividend basis. ked is is 64 an unusually for investors. great, but intrinsic v the same. We bel be safely bought | vestment or speculation present attractive o timd por. ine ha re tha for cure John T, King, a member of the republican national committee to of | offers tunity he dec been vative | main cent ocks vield lues ve be- is END OF SPECULATION, now Dresden, Dec. 28.—To put an end to speculation that has prevailed for a long \hile, the state of Saxony is to purchase and own its coal fields. Ex- sting coal fields that are privately owned will be operated as before, but they may not be extended, nor may other fields be purchased privately. The coal flelds of Saxony have for years presented a rich. speculative field. Tt has been the practice, per- mitted by law, to buy on speculation, and in consequence the purchase of a field has almost never indicated that the purchaser intended to operate, but rather that he hoped and expected to sell at an advance. The public has hardly benefitted from the practice, Connecticut Trust and Safe beposit Co. A STRONG, RELIABLE 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. M. H. WHAPLES. HARIFORD, CONN. i cent. or possibly 200 per cent. stock is not selling above its in- value at the present time, and lould be considered an extremely at- active investment without taking in- o consideration the speculative pos- bility at all The same can be said of practically all the so called war stocks, all of which we think are selling below their intrinsic worth. Colts Arms in particularly fine shape. The sto is on an 80 per cent. dividend ba: now and at present is quoted 800 bid, 825 asked. The vield is pre tically 10 per cent. Scovill SANK 128 V Amster. 11:52 a. in the Say- ) Order am, Dec. 28, vi London m.—Announcement is made Berlin newspapers that the of Merit has been conferred Captain Valentine, commander of German submarine for sinking 128 ships of a total tonnage of 282,000, Included among the boats sunk are a French gunboat, a troop transport, four steamships loaded with war ma- terial and a French submarine con- Voying fourteen coal steamers. 6,048 A Be-lin, Dec. 28, by ville.—“The number sassiiated in Iast during the Russian invasion has now been. officlally made public by the Koenigsburg statistical office and totals 6,040, of whom 99 were wom- en” says a statement today by the semi-official Overseas News Agency. wireless to of civilians as on in 1914 |a is K Pres't. I e e s e e T e e e e e e e e