New Britain Herald Newspaper, April 5, 1917, Page 11

SIGNS /OF EASTER. . [Every dophrtment of our store re- . ffects the proper and correct things to wear for Easter. Suits'in smart styles and dressy [ paiterns to fit the slim Young Men as . well as men of more liberal propor- ) tions. ®suits 315 to $30. | Spring Ovcrcoats, $18 to $28. Neckwear, Shirts, Gloves. | May we suggest a new Hat for | Easter. [ The ncwest shapes and shades, $2.00 | to $4.00. | { i § R NEW BRITAIN, CONN, WAR MEASURE MAY BE PASSED TONIGHT '_ (Continued\ from First Page) deterred tram acting by such warn- ings,” quresenmuve Harrison, democrat, {of Mississippi, assalled pro-Germam sympathizers and pacifists. *“I would suggest to them,” said he, ‘that they now employ their talents .eloquence, not in attempting to cause dissension among the American ople, but in addressing Kaisér Wil- lm, Bethmann-Hollweg, the Reich- g and the author of that remark- le sample of diplomatic ‘kultur’ the merman no |+ First expressions of the opposition to' the resolution came from Repre- | sentatives Cooper and Stafford of ‘Wisconsin and Representative Britten of Illinois, while Mr, Flood was re- mpung German violations of Ameri- ‘can rights which have led up to the ‘War :resolution. uldn’t the English mines in the Nwrth' Sea destroy American lves?” ‘Representative Cooper asked. [ | ‘To date England has not sunk one of our ships or destroyed an Ameri- COURTESY IN BANKING The Commercial Trust Company regards cour- tesy as a very important point and seeks to make it pleasant for its cus- tomers in the transaction of their banking busi- ness. Accounts . subject to check are invited. Clapp and Works, have since retired to private life, The resolution, as adapted by the senate, formally declares the existence of a state of war and directs the presi- dent “to employ the naval and mili- tary forces of the United States and thg resources of the government” to carry on war. A substitute resolution, affered by Senator McCumber, to declare the existence of a state of war after the sinking of another American, ship by Germany, was killed by a‘viva voce vote. The senate was not in session today, having adjourned over until toma: to await the action of the house on the resolution. The pacifists today continued their ‘work Wwith members of the house in an effort to defeat the resolution. Their leaders announced that in event of adoption of the resolution by the house they would then start work in opposition to conscriptgpn. I City :Items : ] More young men'’s suits at Besse- Leland’s—advt. The Modern Woodmen of America state convention committee will meet in Electric hall tomorrow night. Norfolk suits at Besse-Leland's. —advt. - POST OFFICE HOLIDAY HOURS. Postmaster Delaney has arranged the hours at the post office tomorrow as follows: One delivery of mail by carriers; stamp, registry and general delivery windows to close at 12:30 o'clock for the remainder of the day; one mail will be shipped out closing time, about § o'clock; the money or- der window will be closed throughout the day. can life,” sald Mr. Flood. Loud applause greeted the Teply. Mr. Flood said sixteen members had asked for time in which to speak @against the resolution. } Gooper Defends ! Representative Cooper launched {fnto a defense of pacifists generally ‘ana himself particularly. “I have been called a pacifist,” he said, “I voted for all of these pre- paredness bills. This campaign of slander has no regard for truth.” {» Mr, Coaper also defended his vote for the McLemore resolution, " “I was right then.” he said. ghould have passed. Canada dges ict permit its women to travel on mrmed ships, and neither should we. | &very pacifist in the country knows I [@m not a pacifist in the senate In which that word is used: Does it fiean because I do not want to go to war with a nation 4,000 miles away, ‘uecallse England and Germany vio- “rt lated our rights, that I am not an-| American?” Cooper broke his eyeglasses d found trouble reading certain cuments. A dozen members rushed orward and laid spectacles on the table in front of his. Turning to the chair, he said: “Mr. Chairman, I cannot surrender of my time to trying on specta- s roar of laughter swept the house. r. Cooper declared that the Ger- n government never had promised qualifiedly to abandon its subma- yine Avarfare. - Representative Flood made loud ymands to be heard, but Mr. Cooper puld not yield. Passage of the resolution in the jnate was marked by scenes of un- ual gravity and quiet. There had en more than twelve hours of con- puous debate featured by a three r speech of Senatbr La Follette, demouncing war and defending’ paci- efforts to prevent it, and Senator lliams’ retort that Mr. La Follette’'s #peech was more worthy of German Chancellor Von Bethmann Hollweg n an American senator. Mr. Wil- jams also characterized Mr. La ‘Wollette's speech as “pro-German, *Vandal, anti-president, anti-con- and anti-American.” Even o r adoption of the resolution there no demonstration from either senators or from the throng of spec- | ators among whom were members of le house, diplomats and government jals. Within a few minutes after the vote Was announced the senate a@journed and/senators and spectators mpd out silently with grave faces. /- Three democrats, Senators Lane, publicans, Senators @ronna and Norris, cast the negative wotes.” They were among the group of tWelve Whom President Wilson char rized as “wilful men” in connec fon with the defeat of the armed x'tmmy bill by filfbuster at the last on. Senators Cummins, Kenyon and Kirby, also among the twelve, voteéd for the war resolution. The re- maining three, Senators O'Gorman, FLIERS IN FRANCE FIRST TO CARRY FLAG INTO BATTLE NEW BRITAIN DAILY Steel and Pig Iron Markets The Iron Age says: The stirring events of have put ordinary trade considera- tions in the background. But lead- ers in the steel industry, the govern- ment’s main war resource, have been bysy finding ways to put their prod- uct and the best service of their plants at the country’s disposal. ‘There was further conference in New York Tuesday between the steel manufacturers’ committee and the metals commissioner of the Council of National Defense. It is probable that the government will buy in the near future for its own wants and those of ship-yards whick are to do its work, 500,000 tons of plates, shapes and bars. Substantial concessions are to be made from current prices, but the proposal to take a 10-year mark- et average was not adopted, as that would represent less than cost to com- panies not owning their own ore and coal. The problem is not as simple as it looks to be, or as the precedent of a 50 per cent cut in the copper price would suggest. Copper at one-half off the market still gives 100 per cent. profit to many producers. A steel plate price of 3c, instead of 6c, woul, mean a fraction of a cent above cos to a mill paying $35 a ton for basic pig iron. The integrated companies could only stand it by telescoping the profits now made on coke, pig iron and ingots. Government needs can be handled for the present without serious inter- ference with ordinary trade; but while war' requirements are only a small percentage of the total steel out- put, they represent a much larger proporfion of the plate tonnage, and some plate usérs may have to stand aside. What gives steel producers concern is the extent to which government buying will include> finished steel for various industries with which the gov- ernment will make contracts. The concessions the government will ask fyom these latter will call in turn for concessions on steel, and the trade is quite in the dark today as to the ulti- mate effect of these widely ramifying influences upon the price structure. Buyers of war steel for Europe have already inquired wHether orders placed by the United States govern- ment will delay deliveries of war steel for export. The answer is found in the announced purpose of this gov- ernment to put its resources at the Allies’ disposal to the fullest extent. Domestic consumers recognize that some export business that has not been entertained heretofore must now be given a place at the mills. Only time will show its volume. Until ‘various uncertainties are cleared, mills in the lineg specially affected by government demand dis- courage buying. Meanwhile market prices advance with even greater ease than was’the case at much lower lev- els. Machine-tool prices in various lines are reported also to have moved up an average of ten per cent. ‘Wrought pipe continues its upward movement by leaps-and bounds. One independent maker announced a $10 ‘pdvance March 26. The National Tube company and others put out new dis- counts April 2, representing $10 a ton higher for steel pipe, black and galvanized. On iron pipe the last ad- vance is $1, and on extra strong, $14. Cast iron pipe, which not so long ago was advancing by 26-cent steps, is now well adjusted to the new pace, the price going up $3 a ton in the past week, or to $50.50, New York, for 6-inch heavy pipe. In fixing-#7.50 a box as the price of tin plate for the second half, against $5.75 for the first half, the chief producer has come short of the expectations of some independent, companies which had set out to ask 8. It is a question now how much tin plate can be had at 7.50 by buyers not already covered by provisional contracts. Buyers rather than sel. lers-may make the market, in a way that is quite familiar. The leading sheet producer opened its books April 2 for the second hailf of the year at 4.95c. for’ No. 3 to No. 8 gage, blue annealed; 5.50c for No. 28 Bessemer black sheets, 7c. for No. 28 galvanized and 5.560c. for No. 28 tin-mill black plate. March was the best month for steel works and blast furnaces,-in point of output, since November, an indica- tion of * definite betterment in car movement. Pig-iron praduction for the month was 3,250,767 tons, or 104,862 tons a day, the highest rate since November, and comparing with but 2,645,247 tons in February, or 94,473 tons a day. More blast fur- naces are going in, in spite of costlv coke, and 331 were mctive April 1, with a capacity of 107,766 tons a day, against 316.furnaces on March 1, with a capacity of 97,167 tons* a day. The tension In coke is relaxing and the price for prompt shipment has come down sharply, 7.50 having been done ,with indications that $7 is pos- ‘sible, as against $12 as March came in. The situation in ferroalloys is tightening. The imperative necessity of manganese supplies will make that matter a first concern to Great Brit- the week =3 com .. SAYLESR. SERTNWM. THA 5 The Lafayette Escadrille, composed of American fliers serving with the L French army on the Oise, will be the first unit to carry the Stars and Stripes into battle on European sail, Arrange- ments are now under way by which the American fliers will receive official standing and serve as the first mili- tary organization to carry war to Ger- many. At present the plan is to have Lieutenant Commander William B. Sayles, Jr., American naval attache in Paris, swear the aviators into the ser- vice of the .Inited States and consti- tute them pa'rt of the nation’s military ‘ establishment. ain and the United States in working out the sea problem, and talk of fa- mine prices has heen somewhat over- done. However, as agalnst $185 as the basis of the last British contracts, small lots of domestic ferromanga- nese have sold at $300 to $325, and $250 has been offered on a first-quar- fer contract. Pig iron buying for the first halt of 1918 at prices $4 to $5 below the market for prompt delivery, is taper- ing off. But iron for 1917 advances with greatest ease the higher it goes. In the past week most Northern foun- dry irons have sold at $1 a ton, and Southern iron at $2 a ton higher while Buffalo prices range from $41 4o 345 for No. 2 X or $2 to $5 more than last week. Bessemer and basic frons seem headed for higher ‘evels. g - ———— — ~ Financial _ UNEASINESS OVER WAR TAX PROBLEMS Wall St. Brokers Concerned Over Steps Government Will Take Further aggressive selling by the short interest was witnessed at the opening of today’s stock market, par- ticularly in the various war shares. Declines of onc to two points were made by Bethlehem steel new stock, Central Leather and the leading cop- pers, with as much for Geseral Motors and four points for Sloss Sheffield Steel. U. S. ‘Steel lost a substantial fraction with American Can and marine preferred. Specialties in gen- eral were heavy. Rails also reacted, Reading losing a point. Recessions ex- tended to the railroad bonds, Penna. General 43 losing a full point. Marines and a few isolated special- ties steadied the list for a brief period after the opening but a broader sell- ing movement soon set in. Traces of liquidation in ‘various stocks were attributed to increasing concern re- garding war tax problems. U. S. Steel lost two points with two to al- most five in other steel and iron issues. Metals and motors averaged two point losses and Ohio Gas increased its set- back to six points. occurred at noon. Bonds were irreg- ular, investment rails showing heavi- ness. Rails were the heaviest features of .the afternoon, standard issues declin- ing one to almost three points. Rela- tive strength was shown by marine preferred, Utah Copper and Studebak- er, but elsewhere prices dropped back almost to low levels of the morning. Closing—Selling was resumed in the last hour, steel and other;leaders making new minimums. The closing was heavy. Sales were estimated at 900,000 shares. New TYork Stock Exchange quota- tions furnished by Richter & Co., members of the New York Stock Ex- change. Represented by E. W. Eddy. April 5, 1917 High Low Close .. 963% 95 96 3% 8% 8% 67 671 27% 27% 47% 47% 68% 68% 101 1013% 1105 111% 1247% 124;{. 80% 81 102% 163 581 b59% 78 8 67% 67% 142 142 43% 43% 159% 160 89% 90% 59 5914 553% Am Beet Sugar Alaska Gold Am Car & Fdy Co. Am Ice .. Am Can Am Am Am Sugar ... Am Te] & Tel .. Anaconda Cop . A TS Fe Ry Co..103% Baldwin Loco .. 59% B&O. BRT. Beth Steel . Butte Superior . Canadian Pacific Central Leather Ches & Ohio .. Chino Copper . Chi Mil & St Paul. Col P & I Crucible Steel .... Del & Hudson . Distlller‘l Sec . Prle 1st Ptd General Electric Goodrich Rub . Gt Nor Ore Cetfs. Tllinois Central Inspiration .. Kennecott Cop Lack Steel Lehigh Val Max Mot com Mex Petrol .. Natl Lead ... N Y Air Brake .. N Y C & Hud Nev Cons .... NYNH&HRR 44% N Y Ont & West Nor Pac ...... Norf & West .. Pac Mail S 8 Co Penn R R ..... Pressed Steel Car . Ray Cons .... Reading ... Rep I & S com So Pac . So Ry, So Ry pfd Studebaker . Texas Oil .. Union Pac Union Pac Utah Cop . U S Rub Co . 57% U S Steel .......115 U S Steel pfd ...118% Va Car Chem 401 Wiestinghouse ... 51% ‘Western Union . 963 ‘Willys Overland 33 . .160% 91% 57% 81% 501 6914 137% 181 28% 41 164 53% 333% .. 1041 55% 81 49 663% 17 32% LOCAL STOCKS (Furnished by Richter & Co.) There has been a very active mar- ket in the local stocks today, and some have scored distinct advances and others are somewhat lower than yesterday. Russell Manufacturing company, on rumors of large orders, and also talk of a capital increase, advanced with opening sales at 318 to 330. The market closed 230 bid, none offered. Standard Screw opened strong in the morning selling as high a.: 380. At that price, however, stock came in the market, and the market closed 375 bid, 380 asked. American Brass was off a little in sympathy with the New York market, and stock is quoted 325 bid, 328 asked. Sco- vili Manufacturing company is quoted 595 bid, 600 asked. North & Judd was active with sales in the neigh- borhood of 90" and there were sales of Stanley Works at 102. Colt’'s Arms was very active, opening at 109 1-2 and reacting to 105 1-2. At this point a good demand set in, and stock closed 105 hid, 108 asked. Below arc the closing quotations: American Brass ...... 325 American Hardware .. 13 328 142 Fractional rallies,| HERALD, THURSDAY, APRIL 5, 1917. H. O. P. Clothes For Spring .These beautifully modeled ar- ments fit as if tailored especially’ for you by the finest experts in the land. American Silver ...... Billings & Spencer . Bristol Brass ...... Eagle Lock Landers, Fra.ry & Chrk New Britain Machine . North & Judd ..... 87 91 Peck. Stow & Wilcox .. 30 31 Russell Mfg. Co. 330 bid none offered Standard Screw Com. . 375 380: Stanley Rule & Level .. 410 430 Stanley Works . 101 103 Traut & Hine . . 50 60 Union Mfg. Co. cee. 104 107 Niles, Bement, Pond C. 174 177 'Scovill Mfg. Co. ...... 595 600 30 . 104 63 84 59 86 33 107 67 88 61 89 (Furnished by Frisbie & Co.) The local market today has been quiet in sympathy with the New York market. Russell Mfg. Co., was fn strong de- mand with a closing bid of $330. Colt’s Fire Arms sold this morning at $110 but eased off somewhat to an offering of $107 in the afternoon. Standard Screw continues strong, closing 375 bid, offered at 380. The quotations at 2:30 were: Bid American Brass 328 American Hardware .. 140 Bristol Brass .... . 63 Colt’s Fire Arms ..106% Niles-Bement-Pond 173 Russell Mfg. Co. 330 Scovill Mfg. Co. 595 Standard Screw 375 Stanley Works .. 100 RUSSIAN DIPLOMAT MYSTERIOUSLY SHOT Asked 330 142 65 107 176 335 605 380 102 Police Inclined to Believe German Spy Was Responsible Baltimore, Md., April 5.—Suffering from a dangerous gunshot wound in his chest, about which he remains stubbornly silent, Michael Porzakov- sky, a distinguished member of the Russian diplomatic service, is in a critical condition at the church home | and infirmary. He was shot yester- day in his sleeping room, at the Bal- timore Country clu® where he staying. P Two theories are entertained re- garding the affair, which the mem- bers of the Baltimore Country club have done their best to shroud mystery. The friends of the attache in Baltimore declare the wound was selfinflicted accidentally while the Russian was removing a sepvice re- volver from his clothes. The police have been told the wound was inflicted from a gun and not from a revolver. They find it hard to reconcile the fact that the o’clock Tuesday evening, and that the’ -|.shot was fired after 3 o’clock in the raorning, with the statement from club members that it occurred when M. Porzakovsky was undressing to go to bed. They are tracing clues which lead them to believe he was the victim of a shot from a German spy, bent on assassination. Color is added to this theory by the fact that Mr PorZakov- sky is known to have come to Amer- ifca within the last two weeks, that his mission here was of the utmost delicacy and diplomatic importance and that he was Teturning from a conference with the Russian ambas- sador at Washington with a most im- portant message for the new govern- ment in his home land. DEATHS AND FUNERALS. John R. Johnson. The funeral of John Robert John- son, will be held from the Erwin mortuary chapel at 3 eo’clock tomor- row afternoon. Hilda Johnson. Rev. Dr. S. G. Ohman officiated at the services for the late Hilda John- son at the Erwin mortuary chapel in Fairview cemetery this afternoon. Oasimer F. Bourgeois. Casimer F. Bourgeols of 134 Dwight street died at 6:15\o'clock last eve- ning at his home. He is survived by eight children: Edward and Frank of Chicago, Ill.; Victor of Hartford, Thomas of East Berlin, William of this city, Mrs. Patrick Kelliher of this city, Mrs. Willlam. Buggy of Crom- well, and Miss Evangeline Bourgeois, who lived at home. Prior to eight vears ago, the deceased was a res- ident of Cromwell. He was a member of De Soto council, K. of C., of Crom- well. Arrangements for the funeral have not been completed. Mrs. Elizabeth T. Lapthorn. The funeral of Mrs. Elizabeth T. Lapthorn will be held from her late residence, 518 Church street at 2 o'clock tomorrow afternoon. Rector Harry I. Bodley of St. Mark’s Epis- copal church will officiate. Harry B. Arnold. The funeral of Harry B. Arnold was held from his late home at 92 Russell street at 2 o'clock this after- noon. Services were conducted by Rev. Henry W. Maier, pastor of the First Congregational church. The fu- I neral was largely attended. The ! burial was in Fairview cemetery. was | in | BOUGHT & SOLD man said goodby to his friends at 11, Richter&Co. MEMBERS NEW YORK STOCK EXCHANGE 31 We-tl Main Street, City Hall Building Telephone 2040 50 shs New Britain Machine Co. 50 shs North. & Judd 50 shs AmericanHardware - 50 shs Stanley Works . 50 shs American Brass 50 shs Niles Bement & Pond 50 shs Landers Frary & Clark FRISBIE & CO. Investment Securities 36 PEARL STREET -:- o ege HARTFORD New Britain Nat’l Bank Bl'd’g, New Britain F. W. PORTER, Local Represéntative. NILES BEMENT POND CORBIN GARAGE 123 Chestnut Street, New Britain, Conn. Full machine shops equipment for all FACILITIES UNEXCELLED. AUTOMOBILES OVERHAULED. kinds of machine work. CAREON B(/Rh'l‘ OU’I‘ SCREW MACHINE 'WORK. GRINDING OUT CYLINDERS . A SPECIAIZY. FORD cylinders ground out—oversize pistons and rings fitted complete with wrist pins and bushings $16.00. STORAGE AND SUPPLIES OF ALL DESCRIPTIONS. OPEN DAY AND NIGHT. TEL, 800. | If You Want Good Bottled . Beer, Wine or Liquors, | Order Same fromt PHILIP BARDECK, 185 Arch St. ’Phone 482-2 EDWARD T. LOFER Maker and Repairer of MUSICAL IN STRUMENTS | Fine violin repairing and bow hairin a specialty. perience. kinds of fine repair work. Over twenty years ex-| All.work guaranteed, Other THE WELDON, s. Asylum Street, Hartford EASTER ADKINS PRINTING CO. 66 CHURCH STREET Connecticut Trust and Safe Deposi Co. A STRONG, RELIABLE CORPORATIQN organized and qualified through years of . eficlent, trustworthy service, to act as Conservator, Guardian Executor or Administrater. CAPITAL $750,000. U SURPLUS $750,000 Connecticut Trust and Safe Deposit Co. B 1L WIIAVLES, Prest. HARIFORD, CONN. A e A A s e ¥ F S - kY