New Britain Herald Newspaper, August 25, 1917, Page 9

NEW BRITAIN DALY HERALD, SATURDAY, AUGUST 25, 1917. The early birds will get the pick of & lot of Summer suits that have been reduced in price. Not a regular sale, but better yet, #mo of our best suits which have een broken up in sizes are being closed out at $5 to $8 less than the regular prices. You are sure to find your size and a pattern you will like at a great sav- ing_ EBut come early. GCO. O S NEW BRITAIN, CONM SISLER SHOOTS UP “T0 SECOND PLAGE Displaces Speaker in American . League—Cobb Falls O Chicago, Aug. —Driving out tene hits in his last six games has given George Sisler of St. Louis second place among the American league batters according to averages released today. The St. Louis who forced Speitker, the 1916 batting champion, into third place, has an average of .352. Speaker is trailing a peint be- hind him. Bodie , the hard-hitting Philadel- phian, is in the 300 class for the first time this season with an average of 305. Tobb fell off four points within the Jast week, but is safely out in front with 381. The averages include games of Wednesday. Neither Chicago or Boston, which making a desperate bid for the pen- nant, has a player among the 300 hit- ters with the exception of Pitchers Ruth, the star Boston hurler is bat- ting 348 for 37 games, and Russell of Chicago 327. Felsch of Chicago leads the. regulars in batting with 297. CGwnie Bush of Detroit continues to show the way to Cobb, his team mate, in scoring. The Detroit shortstop has crossed the plate 89 times as against 87 for Cobb. Pipp of New York and Veach of Detroit remain tied for home run honors with 7 each. Chapman of Cleveland increased his total in sacri- fice hitting to 57 and his stalen base reco®™d to 38. Detroit continues to lead in team batting wilh an average of 257. Leading batters for half their club’s games: Cobb, Detroit, 381; Sisler, St. Louis, 352; Speaker, Cleveland, 351; Harris, Cleveland, 313; Chapman, Cleveland, 307. Walton Cruise of St. Louis batted his way into second place in the Na- tional league, deposing Kauff of New York, who is fourth. Cruise is hitting 318, with Roger Hornsby, a team mate a point behind. Rousch, the Cincin- nati slugger, continues to show the way with an average of 350. Horns- by, however, is leading in total base hittthg with 194. Cravath of Philadelphia, broke the triple tie for home run hitting by boosting his total to 9. Doyle and Wil- liams of Chicago continue to fight it out for honors in sacrifice hitting, each having 24. Carey of Pittsburgh add- ed 5 more stolen bases to his total, bringing it up to thirty-seven. Burns of New York is far in the lead in scor- ing,~having 81 to his credit. Cincin- nati with an average of 265, is leading New York by 1 point in team hitting. Leading batters for half their clubs’ games: \ - Rousch, Cincinnati, 850; Cruise, St. 318; Hornsby, St. Louis, 31 ew York, 314; Groh, Cincin- nati, 308; Wilhoit, New York, 304; Zimmerman, New York, 300. ~ star, SWEDE ENVOY HAPPY AT RESULT OF TRIP Lagéscrantz Believes He Has Con- vinced U. 8. Food is Not Going To Germany. —Herman L. T h minister Stockholm, Aug Ragercrantz, former Swed 6 the United States, expressed —satis- ction at the result of his visit to America where he went as a special 1 connection with exports “The Mcials T dealt with showed the great- consideration and courtesy,” he Laid, “and I have reason to believe a oundation has.been laid for obtain- ng a satisfactory outcome of the ne- Botiations which will now be contin- ed. There is a belief in America that kweden has been feeding Germany and atill doing so, but I am glad to say CHAMPION Great Lakes, Ill., Aug. 25.—Naman Favor, sixteen-year-old Texas young- ster, is lightweight boxing champion of 12,000 husky bluejackets in train. ing at the Great Lakes naval train- ing station here. No one would suspect this unas- suming, soft voiced southern lad of being the possessor of a pair of hands and arms that give him the respect of the whole station. Whenever he enters the ring he is at once the vorite of the crowd in the big natu amphitheater where the Jjackies weekly boxing inatches are held. Pop | TEXAS YOUNGSTER LIGHTWEIGHT OF NAVAL STATION ularity, however, has not spoiled him, although it well might. Moreover, he is not especially keen about becom- ing a championship fighter. Boxing has become one of the most popular sports at the Great Lakes station. Under the leadership of Gunner Jack Kennedy, former light- weight champion of the north Atlan- tic fleet, the recruit is trained to use his natural weapons with advantage, ind unlucky will be the German ommander who attempts to try the 1d fashioned hand to hand method f encounter if the Great Lakes ained jackies are aboard. American high officials I have met know better. “The American way of administer- ing the rationing of the Allies and neutrals has my admiration. It is wonderful how quickly the Americans learned to deal with the task now fac- ing them. There is no doubt the Swe- dish government will handle the ne- gotiations from a practical point of view without insisting upon formal Jjudicial points. You can be sure that from this side the greatest willingness to obtain a positive result will be shown. “I trust I have made clear to people in office that our demand for necessities is bona fide and that we are not acting as a medium for sup- plying America’s enemies with any such things as we want from her.” HELLFERICH STILL BELIEVES IN U-BOAT Declares Lloyd George Has Failed to Reveal Real Damage the ‘Amsterdam, Aug. 25.—Vice-Chan- cellor Helfferich in the course of a de- bate in the main committee of the German Reichstag said the real rea- son why Great Britain entered the war was the fact that Germany's trade in 1917 would presumably have reached the level of the trade of Great Britain. This war,” the vice-chancellor said, “is the result of tension created by the fact that Great Britain was constantly feeling the glaring and increasing disproportion between her superior world and naval power and Germany's increasing economic strength. “One ought clearly to recognize that Great Britain’s object was our economic oppression. To abandon one’s self to any illusion in this. re- spect would be fatal.” Dr. Helfferich repudiated as unjus- tified the reproach that he ever had made any prophecies respecting the efficacy of the German submarine warfare. “Prophesying,” he said, “I leave to Great Britain. Premier Lloyd George's statistics in his latest speech are mere humbug. If the British premier, contrary to his declaration in April, now draws a favorable picture of the situation—although it certainly has not become more favorable—this proves first, that public feeling in Great Britain urgently needs to be comforted, and, second, that Llovd | George considers it necessary to play upon German public opinion. “This impression is confirmed by the obvious consideration that Pre- mier Lloyd George's words can only ned by the same direct men- ch operates, despite the pros- n aid, in the tremen- sh on the wqstern front with an immense concentration of men and material. This menace is not much on land or in the air as it is in the water. Good Weather Hurts Campaign. “The opinion, shared by Mr. Lloyd George, that fine weather is particu- larly favorable for U-boat activity is a mistaken one. Smooth seas and lulls in the wind are very disagreeable for U-boats, especially in view of the so enemy’s defensive measures, regarding aircraft in particular. Some U-boat commanders are of the opinion that submarine warfare can be carried on with still better results when the weather is not too fine and the nights are longer. “The navigation of ships under escort abstructs the scope of the U- boats, of course, but it also involves considerable disadvantage for the enemy, owing to the fact that such a flotilla is unhandy and has difficulty in eluding a submarine attack quickly. “As sea traffic diminishes sinkings, of course, will probably decrease gradually. Today the sinking of even a single ship is felt much more in- te: vy by the Entente than at the be- ginning of the U-boat war. The state- ments of our naval staff respecting the tonnage resources of Great Britain may be regarded as exact. Mr. Lloyd George'’s statement are artificial mani- pulations of figures. He mixes net and gross losses, anxiously avoiding defi- nite particulars as to total British losses in tonnage. “It is interesting to note his re- mark that all tonnage sunk among that requisitioned for the military must be compensated from tonnage available for commercial purposes. His statement respecting British ship- building must be viewed with the ut- most doubt. “For continuation of the warfare all materials and the per- sonnel required are ready in ample measure, so that, in a military respect, there cannot be any doubt that it will be continued efficiently.” LETCHITZKY’S TASK TO STEM GERMANS IN RIGA SECTOR U-boat In the desperate effort to stem the German advance .against Riga, one of Russia’'s principal ecities on road to Petrograd, General Letchit- zky was appointed commander again on the northern Russian front. He is considered one of Russia’s best gen- erals and served in the present war under Brusiloff. He was born in 1859, the » Henry Clews’ Weekly Letter (Special to the Herald.) New York, Aug. 25.—The business world received a considerable shock from the government’s soft coal price- fixing proposals, which proved more radical than expected and will prob- ably not be carried out to the ex- tremes feared in some quarters. The cut in soft coal, though tentative, was particularly unsettling and somewhat prematurely accepted as an indication of the future policy of the govern- ment. Action on hard coal, sugar and other articles has been less drastic. The administration is undoubtedly jus- tified, as a war measure, in putting some restrains upon the upward rush of prices and unscrupulous profiteer- ing. It is also justified in buying mu- ‘nitions upon as reasonable terms as possible; ;but as experience proves, it is already treading upon questionable ground, and interfering with uncon- trollable economic forces in ways that may easily do more harm than good. Price fixing, as in case of steel, is not infrequently impossible. A price that is fair at one time or in one place, is quite unfair under other conditions. Fluctuations are unavoidable in all markets; costs of praduction vary and we cannct control articles of foreign origin. To put prices down without reason and to unduly curtail profits checks production and throttles en- terprise. There is no surer way of in- creasing supplies than by permitting good profits, or vice versa, of decreas- ing supplies than by destroying profits. There are some things the government cannot do, and one of these is it can- not run the business of the United States, but can and should reasonably cantrol it. If it confines itself to checking extremes and to setting the example of paying fair prices for what it wants, and if it will foster co- operation between industries and aid in removing impediments to distribu- tion, that is about all it can legiti- mately accomplish. Price-fixing and industrial control have been attempted in Great Britain upon a much wider scale than here for a longer period and under mare favorable circum- stances, but the effort has thus far proved a failure and is rousing a great deal of opposition. in business circles thgoughout England. General business is quiet, as usual during the mid-summer season. At the moment this tendency is aggra- vated by the uncertainties injusted through experiments in government control. In due season these plans will become more definite and business will undaubtedly continue to improve, although ordinarily August is a month of deterioration. ¥From many quarters the advices are that the grain yield Is large and quality good. Bank clear- ings are running from to 30 per cent. ahead of last year which, allow- ing for the advance in prices, shows that the volume of business is if any- thing ahead of this time last year. Our maneta situation will bear watching. Forthcoming huge bond issues will of course be the domina- ting factor. It must also be remem- bered that present high prices for farm products and merchandise will impose larger demands upon the banks than usual when the usual autumn movement begins. Values on the stock exchange have shown marked declines this week, owing to the price-fixing palicy of the govern- ment, to the proposal to increase taxes on profits and to unfavorable news from Russi The bears seem to have been considerably elated by recent suc- cesses, and there is still a conseder- able short interest extant. Fluctua- tions will largely depend upon the news from Washington affecting the control of industry and prices. It is to be hoped the revenue bill will soon be passed and that congress will adjourn. Highly disciplined soldiers such as Germany commenced the war with, will hereafter have to give way to the superiority of the big life-killing war machinery now in which calls for skilled mechanic The war is now a war of herculean ma- chinery, which makes it the more costly and desperate in its slaughter- ing powers whi it lasts, but will make it shorter in the end; therefore, the side that has the preponderance of facilities and money backing is bound to win. For that reason the present war is not likely to hold qut through another severe winter in my opinion. The trenches will not af- ford the protection to life on the battlefield in the future that they have in the past and the war has been prolonged up to the. present time largely owing to the shelter of the trenches. The steady rise in power Allies and corresponding among the Central Power: ens the hopes of an early peace; al- beit the end of the war is not yet in view. Germany is by no means ex- hausted to the point of submission to the well known terms of the Allies. Nor are the Allies vet able to de- liver a decisive military blow. At the moment their policy appears to be that of wearing the enemy down; the relative rise or fall in the strength of opposing armies being of more significance for the time being than the acquisitions of territory which are geographically trifling. As the war goes on, talking and planning for peace become more and more defilte. Opinion is divided as to what the effect will be upon Amer trade, much depending upon the in- dividual point of view. There is no doubt that peace will necessitate ex- tensive readjustments. These will come gradually and will by no means demand a return to old conditions which is impossible. Concerns de- voted to war business will be obliged to serap considerable of their plart or prepare for other lines of work. War profits would of course disap- pear, and a few lines of endeavor would cease entirely. But very im- portant offsets would quickly apear. The fact that the world had turned its face from destruction to recon- struction .would at once set loose great ~ economic forces. Optimism would promptly succeed despair, and the work woul of the decline strength- R < ‘-‘.”4"4‘. [ d Already to Show You Boys’ School Suits $5.00 to $15.00 that would soon overcome all con- | fusion and hesitancy. Our steel mills would recelve no more war orders, but far better, they would be pressed with orders for shipbuilding, for | railroads, for buildings and for all | kinds of construction work in al: parts of the world. Our textile mills would soon recover from loss of war orders and be fully occupied .with | both domestic and foreign orders. | Our secondary industries, such as | automobiles, typewriters, agricultural implements, machinery, etc, would also be pressed with orders to make | good war losses in Europe. Our min- eral producers would be equally sure of good markets and good prices; 'S0, too, would the American farmer who may rest assured of good prices for all he can grow for some vears to | come. The truth is war has impover- ished the whole world. The waste of life and wealth has been inconceiv- able. Millions of lives have been destroyed or impaired, and the expen- ditures for war since 1914 of all na- tions have been over $90,000,000,000. Everything grown or made by hand of man is scarce. Years will be required to refill the enormous vacuum, and the scarcity of men or labor at a time when most needed means high wages, high prices and 2 long period of industrial activity. Of course, there will be periods of weak- hess and,_depression. There will be grave impoverishment of some sec- tions, as well as the crushing burden of debt upon all. Difficultie, at pres- ent unperceived, are likely to de- velop, and recovery from war does not mean escape from all its losses. But let it distinctly be kept in mind, peace when it does come will find the United States elevated to a pre- eminence industrially, commercially and financially that would have re- quired a generation to attain, had it not been for this cataclysm in Eu- rope. The war enriched us enormously, because of the profits obtained in our foreign trade and the fact that we have been the least affected of any of the great nations. We have suddenly become world bankers. securing a position that will not be surrendered. Even should Great Britain recover her leadership after the war, we will still be a close second, instead of a distant third or fourth as before the war. Our foreign trade shows phenomenal growth, and while a better balance be- mports and exports may be still we have gained a foot- hold in foreign markets that will not be relinquished. The future of Ameri- san export trade is exceptionally bril- liant. By far the most significant re- sult of the war to Americans will be the restoration of the United States to a fitting position as a maritime power. Our weakness in this respect has long been .a thorn in our national pride. Before the war we ranked close to the foot af the world’s sea-going tonnage; but within a couple of years, thanks to prompt seizure of a favorable op- portunity, this country may easily be- come a good second to Great Britain as a maritime nation. The establish- ment of a big mercantile marine speaks volumes for the future of American foreign commerce. The war brought us two essentials for interna- tional success—banking power and our own shipping. It is literally up to our business men and our states- men to pursue a liberal and construe- tive policy for developing our fareign trade and our merchant market. This cannot be accomplished by any system of artificial supports, reprisals or dis- crimination. It can only be accom- plished on a sound basis by hearing in mind that if we want to'sell abroad, we must be equally ready to buy, since foreign trade in the mass is nothing more or less than simple barter. Nor can it be too strongly impressed upon leaders of industry and politics that the fewer restraints we impose upon trade, foreign or domestic, the quicker and stronger will be its growth. Com- merce thrives best when least shackled. Incidentally, it may be said, the best safeguard against war is a widely dis- tributed commerce, because nothing will do more to preserve peace than the open door and equal opportunities to all. S HENRY CLEWS. EXPOSED BY CHECK. Newspaper Director Wa Furnishing Information to Germany. Paris, Aug. 25.—DM. Duval, director of the Bonnet Pouge, who is under ar- rest charged with supplying the enemy with information, has been shadowed for a long time beca of the suspici- ous voyvages to Switzerland until the end of May when a check for 450,000 francs was found on him at the fron- tier. Duval explained that this check was in payment for his interest in a casino near Constantinople which had just been liquidated. The check was restored to him after a photograph of it had been taken. M. Leymaire, head of the secret ser- vie, who was then director of the cab- inet of the minister of the interior, ordered the restitution of the check without having consulted the minister. M. Leymarie has just resigned and his successor will be announced in to- morrow’s Journal Officiel. The military oficers who was cognizant of the af- fair and failed to inform the minister of war has been blamed officially for neglect. M. Duval’ case will now go hefore a court martial. NEW YORK TO EAT FISH. Washington, Aug. 25.—A campaign to increase consumption of sea food to save meat was begun taday by the food administration with the appoint- ment of Kenneth Fowler of New York start with a vigor | to direct the movement. D) B the | 31 WEST MAIN STREET .. 50 shs Stanley 50 shs Landers, Richter&Co. MEMBERS NEW YORK STOCK EXCHANGE. NEW BRITAIN, OONN. TEL. 2040. 50 shs Colts Arms 50 shs American Hardware Works Frary & Clark | 50 shs Union Mfg. Co. Financial BALANGED MARKET * CLOSES THE WEEK Speculative Shares Under Pres- sure But Others Record Gains ‘Wall Street.—Such tendencies as were manifested during today’s dull session of the stock exchange resulted mainly from the weekly closing of short contracts. Moderate pressure was exerted against some of the cop- pers, equipments. and the more specu- lative shares, but this was fully off- set by the strength of oils, tobaccos, steels and rails. The feature of the latter division was the further ac- cumulation of Rock Island issues at gains of 1 to 3 points, The closing was firm. proximated 125,000 shares. bonds eased slightly at 99.96. ales ap- Liberty 99.928 to New York Stock Exchange quota- tion furnished by Richter & Co., members of the New York Stock Bx- change, Represented by E. W. Eddy. Aug. 25, 1917 High Low Beet Sugar 89 89 39 Car & Fdy Co. 73 73 73 Can L. 447 44 443 Loco e 6 67 Am Sniel i 10014 Am Sugar i Anaconda 741 Baldwin L 6615 BECS OB S R e siap Beth Steel o118 Canadian Pacific .162 Central Leather 887% Ches & Ohio .. 59 Chino Copper 5414 Chi Mil & St Paul. 677% Crucible Steel ... 793 Gt Nor Ore Cetfs. 363% Kansas City so 19% Kennecott Cop 42 Lack Steel 86 Mex Petrol ....... 951 N Y C & Hud ... 84% NYNH&HRR 31y Penn R R 52% Ray Cons . Reading ..... Rep I & S com So/Pac .. ..... . So Ry W Studebaker Texas Oil Utah Cop U S Steel . Westinghouse Willys Overland .. LOCAL STOCKS (Furnished by Richter & Co.) Below are the closing quotations: American Brass ... 803 308 American Hardware .. 132 135 Billings & Spencer 98 102 Bristol Brass . 58 62 Colt’s Arms .. 96 99 Eagle Lock cesces 80 82 Landers, Frary & Clark 52 55 New Britain Machine . 86 89 North & Judd o AR 76 Peck Stow & Wilcox .. 31 33 Russell Mfg./Co. Sy 325 Standard Screw Com. 305 315 Stanley Rule & Level 395 405 Stanley Works . . 103 105 Traut & Hine 50 60 Union Mfg. Co. 00 105 Niles, Bement, Pond, C. 150 155 Scovill Mfg. Co. . 580 605 Am Am Am Am 18 179% 102 1215 474 311 BROKERAGE FIRM DISSOLVES. Messrs. Beach and Austin to Conduct Business Separately. Dissolution of the partnership Beach & Austin, brokers, was an- nounced today by members of the firm, Godwin B. Beach and George L. Austin. Both will continue in the brokerage business but will not be as-_ of A STRO: trustworthy service, to act a: Executor or Administrator. CAPITOL $750,000. Connecticut Trust an M. H. WHAPLES, Pres't. Close sociated. Mr. Beach will embark business under the .firm name Goodwin, Beach & Co., and Mr. A tin will continue in business as Geort L. Austin & Co. Edward F. McEnroe has-been m ager of the New Britain office Beach & Austin. WILL AID IN MEAT PROBE. ° Washington, Aug. 26.—Arthur Fairchild, Milwaukee attorney, sworn in today as confldential advi to Commissioner Davies of the fe trade commission at the nominal ary of §1 a year. He will assist’ | the commission’s investigation im the cost of the meat packing indu I try and aid Francis J. Heney, genel counsel for the commission in tH general food costs and distribuf inquiry. X RAGS. OLD RAGS, | 1S PLATTSBURG CR No Uniforms Arrive and 0ld Gag ments Are Used Plattsburg, Aug. 25.—At 5:30 ye terday the blast of reveille arous Private John Jones, of the Offices Training Corps, from dreams peopled entirely by Germans. He rolled fro his cot and scrambled into his khaM uniform. This was decorated with in| stains and other ineradicable spots | deposited there by its former owner. But Private Jones did not care; ‘Af | ter arraying himself in these casts | habilaments, he topped off his customs Wwith a battered straw hat with a pur. ple band, and trampled from his bar racks trying to feel soldierlike. I:oqching’ his elbow in line was Pri. vate Smith, also in a uniform much the worse for wear. Upon his head was an ancient white duck rowing hat of the style affected by collegians. Ii the rear rank Private Black, an un usually large citizen, had no uniform| except a khaki blouse. His trouse: and shoes were of civilian make and stvle. Upon his head was a golf cap, one size too small, was perched rak- ishly. The sixteen huncred men here are still short of uniforms, and will con= tinue so until the shipment arrives from the quartermaster’s department at Washington ordered six weeks ago. There are still some castoffs left over from the last camp, but these fit nobody in this camp. There are no hats left, no shoes of large sizes. Today the second increment of 1,600 men arrive here. They will get no un~ iforms until Washington sends them. Officers in charge of the camp. -cast. one look on the candidates for-come missions, drilling in their variegatedl headgear and announced that no more clothing would be given out until there was enough in camp to equip’ every man properly. Those of the second increment who neglected the warning to bring a uni- form of their own will drill in eciti- zen's clothes until the quartermaster's department has pity on them. Ironically, there came a letter to Colonel Wolf, the ccramandant, from the president of a French relief so- ciety. It urged that all the castoff shoes of former camp members be turned over to the society for ship=: ment to France. 3 ““Castoff is an unknown word here at present,”” an officer sald. ‘“We can’t outfit more than half of the men here. From present prospects we’ll send all | our shoes to France with soldiers in- side them.” BOOK PAPER TRUST ACCUSTD. Washington, Aug. 25.—Charges of concerted action to raise book paper prices were made by the federal trade commission today in formal complaint filed against 23 manufacturers and the head of their bureau of statistics. Buy an Indiana truck.—advt. Connecticut Trust and Safe Deposit Co. RELIABLE CORPORATION organized and qualified through years of efficient, s Conservator, Guardian, SURPLUS $750,000 d Safe Deposit Co. HARTFORD, CONN.