New Britain Herald Newspaper, February 27, 1920, Page 11

Bz;lthrobe Sale CASH 1% THE GREAT 'QAN&UJR AND T I ‘Oll want o make peace between yourself and a critical world you can’t do it by pin- ning ten dollar bills to a shab- by suit. Tt isn't the cash itseif that is going (o impress the folks whose friendship you prize. Dress yourself in a manner that will prove your politeness and give your vigor a chance to whip into shap your well- laid plans, The Farrell Clothing Co. 271 MAIN ST. s FINANCIAL | WALL STREET STOCK Wall Street, 10:30 a. m.—Gains ex- ! tending from 1 to 6 points were made almost at the start of today's market due in ratés fo of the movement cles, icr part to | call money. embraced General !]lolors. Studebaker, ¥. S. Rubber, | Mexican Petroleum, Royal Dutch, American Woolen, American Interna- )timml. Baldwin, American Car, Ma- rine Pfd., coppers and scme western rails. The advance was well main- tained throushout the first half hour. f New York Stock Exchange quota- tions, furnished by Richter & Co., imem ers of the New York Stock { Exchange: i Feb. 27, 1920. i High Low Close | Allis-Chalmers Mfg 39% 38 38 { A Beet Sugar .. $0 1815 19% | Am Can . 411 40 2 { Am Car & Fdy ..128 126 e @l s H & Leather. Loco Am | Am - CITY ITEMS Women's $6.50 tan lace now $4.75. Damon’'s Shoe § Eastern Mil now locuted | at 133 Main street e ! A meeting of the Christian En- ! :“r"‘ ,’,.““l = deavor executive committee was heid | Tenl Bas last night in the Y. M. C. A, = g & % i Cen Teaih Co . Dance, Bardeck’s hall. Saturday | Gpes & Ohio might. Alpha String Orch.—advt. Bargain week commences row, Saturday, at Besse-Leland's.— | Chile Cop R advt Chino Cop ... Viking A. (. dance tonight Bunga- | Corn Prod Ref. how. Oleatt’s orchestra.—agdvt Crucible Steel The Ladies’ Auxiliary of the A. O.| Luba Cane Suga. H. will hold its regular meeting to- | By Horn Coal . night in K. of C. hall. Endicott-Johnson Millinery e n str All member: the Palish reer building, are asked now —ad the of to attend a meeting Su tenement brick apartment house Pearl Court to William M. Gorde through the H. Dayton agency Burgain week commence W, 5. lay, at B tomo land tomor- located campaign for tion and community well as those interested. hall at 2 o'clock at Warsaw d street Bargain week :nces tomor- row, Saturday, at e-Leland's.— | Int er Mar ..... advt. Int Mer Mar pfd K. K. Kalmanowitz has sold a six { Int Nickel . on Humphrey Am Smelt & Sum Tobd & Am Woolen Anzconga Cep Am Chi Mil & St P Chi Rock I & F Eria > 15t ptd ... ton W & W Gen Motors ... Goodrich Co . Gt Nor prd Inspiratior. C Interboro Con Interboro Con pfd T Int Paper Kelly Springfield Kennce Copper .ack Steel Lehigh Valley Max Motor Mex Petroleum on The bLoard of directors of the ¥. M.-| \rigvale Steel . A, will hold its postponed Aissouri Pac. .. aonthly meeting in the directors’ ~a: Lead dom at the “Y” on next Monday X y Afr Brake pvening at 8 o'clock. 'C. H .Barnes, 3 v ‘Central .... eneral secretary, will make a'report N y N H & B R R ! " the Jo shington, D. C. €k at B e-Leland Dance, rdeck’s hall, srdham University tomorrow. ronference which he attended commences tomor- Saturday night. Alpha String Orch.—advt. | EEE Ol G - Harry Ginsber who has been Ray Cons ..... home for the pas owing to a ULeading seyere attack of the “fiu”. will return Rep,T & S . Bargain week commences tomor- | o row, Saturday, at Besse-Leland's Slose ot S i Southern Pac e Southern Ry .. Viking A. C. dance tonight. Bunga- | ginqebaker low Olcott’s orchestra.—advt. g G Bargain week commmences tomor- xas & Pac .. row, Saturday, at Bessé-Lelend’s.— | Tobacco Prod vt Union Pac Northern Pac Ohio Cities Ga Pan Am P & T Peon R R Pittsburgh Coal Royal D, N ¥ Sinclair Oil Ref .. —Frisbie & Co. WATERBURY NEW BRITAIN Direct Wires to HARTFORD, X Italian Government Treasury Bonds FREE of all present or futare FPALLAN TAXATION t Collect Coupons Coupon bor We W I ITALIAN LIRA has owing to the depreciation of foreign exchange the T approximately 6e. 1,000 LIRE BONDS are o per 1,000 LIRE. As the value the bLonds jncrease proportion would be about $(28.00 for ca Ihe following tabic gives the bonds in UNITED STATES in the value of the LIRA from NEW BRITAIN LIRA these bonds will be worth HARTI'ORD. NATIONAL BANK BLDG. EW YORK AND BOSTO Free of Charge. @ normal value of 19 At present A is worth ficred by us at approximately $35.00 of the LIRA increnses the value of atcly. At the normal value of the $103.00. The prolit in this case ¢h 1000 Lire bond. the par value and interest return on carrency, at each one cent inerease the approximate present to the nor- mal valuc. Vahue Par Value of Interest of the Principal Return LIRA 1000 LIRE 50 Lire 7 S 70.00 LN 80.00 p_ Q¢ 90.00 10 100.00 1 110.00 12 129.00 13 . 150.00 1 110.00 | 15 150.00 16 160.00 " 1% . 170.00 | 18 3 150.00 “f9.2 193.90 *Normal rate. The above table shows conclusively vested and the vield on the or that both the principal in. iginal investment increase propor- tionalely with the retarn of the Lira to normal. Tel. 1840 1841 F. W, Porter Weid EXCHANGE REPORTS | session by a wide variety of issues. The undertohe suggested a more cheerful sentiment in speculative vesterday's Leaders NAMED INTERSTATE COMMERCE MEMBER HENRY Washington. — Former Governor Henry C. Stuart of Virginia, has appointed a rhember of the Inte Commerce Commission to James S. Harlan. TUnited Fruit .. United Retail St U S Foba Prod . U S Indus Alco ... 81 U S Rubber Co ... 96% U S Steel ... . 94y U 8 Steel pfd L1103 Utah Copper - 1 Va Car Chem . 53 Willys Overland .. 24% 57 BOSTON SYMPHONY TO BE UNIONIZED It Trustces Do Not Agree. Players © Will Form New Orchestra of Their Own Boston, Feb. 27.—Unless the Boston Symphony Orchestra players are recognized as a union by the trustees they will form an archestra themselves under union affiliation. according to a statement made by a committee of the players today. Ninety per cent. of the members have joined the union and financial back- ing for the proposed new orchestra has been offered, it is said. Unionization “is the only thing that will hold the organization together,” the statement declares. “The play- ers have not received a sufficient salary, and being- non-union men could get little outside work. As a result men have left the orchestra year after year to join the union, and the constant change in membership! has been a damper to proper team work.” Frederic Fradkin, concert master of the orchestra, joined the union ves- terday and it is claimed that many of the plavers who bave not joined have announced their intention of doing so. The trustees have recently rejected a request for an increase of $1,000 a yvear for each player, but have ex- pressed a willingness to have a fall season of popular concerts to add to the players’ receipts. SWEET Selitaire Diamond Ring 0 only, 2 A This exquisit with genuine, b cat_diamond is X at $50.00. Come in and geé it to-day. Wear it and pay only 31.90 » week. RWEEY'S FOLICY: Yen must be satisfied or ne sale. Stere Upen Saturday Evenius. Cut this it with you. Adyvt out. Bring It is good for $1.00 on any purchase. N. B. H, ! ! NEW BRITAIN DAILY HERALD, FRIDAY, FEBRUARY 27, 1920. ! LOCAL STOCK MARKET QUOTED (FFurnished by Richter & Co., Stanley R. Eddy, Mgr.) Bid Hartford Iilec Light 190 Southern N Tel Co 97 American B o.avne 312 95 American WIS American Hardware Ameri ilver Billings & Spence Bristol Brass .. Colt’s Arms Co . Landers, Frary & Clark ational Mar Lamp . ew Britain Machine. . iles-Be-Pond com . 11 orth & Judd Mfg Co 78 Peck, Stow & Wilcox 1 Russell Mfg C Scovill iai Standard Screw com .. Stanley Rule & Level Stanley Works e Traut & Hine .. Union Mfg Co . 104 CLEARING HOUSE REPORT. New York, Feb. 27.—New York| Clearing House statement today gives; and exchanges as’ $846,992.42 ances as $74,335,114. smgerm, S g ma pn Go down to the Doherty Market if you want the best, this week we will have Fancy Vermont Turkeys and Ducks, fine Broilers, Roasting Chic . Fowls, al, ¥ , Fresh Shouldes wectbreads, Calves’ Liver, H. C. Tripe, Lamb Stew, 15c per b, Swift's Premium Hams and Bacon, Sperry and Barmes Hams and W. SLOP O. Telcphone 18131 IL L. JUDD, F. G. JUDD JUDD & Investinent Securities Rooms 309-310 Nat. Bank Bldg. Asked e Sder oot e @ *‘Own a share in the factory where you wor best brands of Conee Teas and canned goods. Telephone orders given careful at- ) tention at - DOHERTY'S ! i « e | American Hardware Corp. Stogk at a price to net 7% | A few opportunities for the man eSS — === = = = = who is looking for two and three 3 - { family homes centrally located. ars ] | and also a 36 room house suitable for boarding house. Only two minutes CONNECTICUT MUTUAL BUILDING, HARTFORD from Main street. i Room 210, o WE OWN AND OFFER: Colts Patent Fire Arms Stock to yield 9¢ atl. Bk. Bldg., Tel. 2120 T. FRANK LEE, Local Mgr] Come in and sec — : ]”B. SOLOMON, Agency | 325 MAIN ST., ux before these go. TEL. 977 THE A. C BUSINESS— EARNINGS— SINKING FUND— PREFERRED DIVIDEND VOTING POWER MORTGAGE— AUDIT— AMENDMENT OF PRO- VISIONS — PURPOSE— RESERVE FUND— We have complete data on file in our office which we will 5 Legal proceedings regarding this issue have been under the supervision of Messrs. Alling, Webb & Morehouse and Messrs. Bristol & White of New Haven, Conn. Richter & Co. 31 West Main Street, New Brtain. $400,000 GILBERT COMPANY New Haven, Conn. 8 p. ¢. Cumulative Preferred Stock Free From Present Normal Federal Income Tax and Connecticut Property Tax Par Value $100 Per Share Dividends Payable Quarterly; March Ist. Callable as a whole or in part for Sinking Fund at $115 per share. Preferred as to dividends and assets. Entitled to $115 per share on dissolut.c The A. C. Gilbert Company commenced business in 1910, manufacturing educational toys. In its first year the total sales were $37,000. Last year it had become the greatest toy manufac- turing business in America, if not in the world, with sales of over $1,700,000 in 1919. " One of its first products was Erector, a steel construction toy. Then wireless and electrical outfits, chemistry sets, telephone and telegraph outfits, toy motors, aeroplanes,. etc., were added to the Gilbert line. A small electric fan—the “Polar Cub”—is also manufactured and the com- pany has orders on its books now for over $500,000 of these fans. The profit from the man- ufacture of this article alone, it is expected, will more than pay the dividend and sinking fund requirement on the issue of preferred stock, without taking into account the very profitable toy business. These Gilbert toys retail at prices ranging from $2 to $75 and are bought by people all over the world, wio consider the price not a payment for a toy but a payment for the education of their children. As an indication of the growth of the Company from the standpoint of earnimgs, the yearly sales have been as follows:- 1911 $ 37,272.66 1914 $ 374,626.46 1917 ‘$ 771,802.11 1912 59,610.42 . 1815 831,049.78 1918 1,053,843.47 1913 141,736.09 1916 1,182,236.20 1919 1,710,086.23 Upon completion of the present financing, NET QUICK ASSETS will be approximately $180 per share and the TOTAL NET ASSETS approximately $235 per share of this preferred stock. The company does not include as an asset anything for good will, although it has spent hun- dreds of thousands of dollars in advertising. Net profit for the past five years applicable to the preferred stock dividend were equivalent to approximately two and one-half times the requirement and for 1919 about three and one-half times, 5¢ of the par value of the largest amount of preferred stock at any time outstanding to be pur- chased or redeemed by the company annually at not exceeding $115 per share. Stock to be retired and cancelled. % 20%¢ of the net profits of the Company shall be set aside until a fund is formed equivalent to 16z of the outstanding preferred stock. Preferred dividends to be paid from this fund in any years in which the dividend is not earned and the fund to be rebuilt to 16¢. before dividend on any other class of stock may be paid. 8 If by July Ist of any year the sinking fund requirements for the preceding year and years and all other provisions relating to this preferred stock have not been complied with, the preferred stock assumes sole and exclusive voting power and retains it until all provisions * have been complied with. No mortgage or lien can be placed upon the property of the Company without the consent of two-thirds of the preferred stock. . certified accountant, and to each preferred stock- There shall be an annual audit of the affairs of the Company by a report of the operations of the Company shall be mailed each year holder. The provisions protecting this preferred stock are an amendment to the -charter of the Com- pany and can be changed in the future with, and only with, the consent of three-quarters of the preferred stock at the time outstanding, but in no event can the rate of dividends be re- duced, or the preference in dividends, or in liquidation, or the right to accumulation of divi- dends, be curtailed or destroyed, or the provisions for retirement,” sinking fund and proper dividend reserve be altered without the consent of all such cutstanding preferred stock. 1 The money derived from the issue .of this preferred stock will be used to increase the works ing capital of the Company. ; be pileased to submit upon request. We offer this stock, subject to allotment, when, as, and if issued, at * $100 per Share and accrued dividend, yielding 8 p. c. SPECIAL CIRCULAR UPON REQUEST Judd & Co. National Bank Building, New Britain. Frisbie & Co. National Bank Building, New Britain.