New Britain Herald Newspaper, November 17, 1920, Page 11

Financial WALL STREET STOCK EXCHANGE REPORTS Wall Street, 10:30 a. m.—Assur- ances of leading banking interests showing domestic financial conditions Yo bo fundamentally sound and anoth- er brisk advance in British exchange stimulated a moderate demand for stocks at the opening of today’'s ses- slon. Investment rails showed the most substantial gain, Northern Pa- e rising 1 1-4 points and Southern Pacific a large fraction. Mexican Pet., Baldwin Looo., Genera! Electric, Cruciblo Steel and American Sugar Gemprised the other firm to strong is- suer. Rubbar and copper shares wero again inclined, however, to refloct ad- verse conditions in their respective In- dustries. Wall street, . 1:30 Broke sharply atl Nquidation and short selling effecting mevere dcclines in special stocks, The break soon embraced Industrials and ralls some of which fell under recent low records. Wall street close—The six per cont rate fof call loans falled to chock the market's reversal the general list falling to lower levels later. There was no appreciable rallies at the weak Clome. ' Sales approximated 1,100,000 shares. (N'ew York Stock Exchange quota- tions furnished by Richter & C mombers of the New York Stock Ex- Mgh TLow Closo 299 8% 29 Am Beet Sug .. 69 58 1] Am Can 26 4% % Am Car & Fdy 126 121 121% Am Cot Oil 2% 21 Am H & Leath .. a 7% Am Joco ...... 6% 1% Smelt & Ref 50 LLES Bug Ref com S4, 98y Sum Tob .. 7 TN Tel & Tel LI R 99y Tob «. 116 110 Am Wool oo 08 61% Afaconda Cop .. 41% 40% Atch Top & B I™ 85% a2y At Gulf & W ..114 110 Baldwin Loco ..101% 95% Balt & Ohlo 0% ELRTY Barret Co ... 117% Both Steel B .... 60% Bikiyn Rap T J13% an Pac .... 119 nt Leath Co .. 38% hes & Ohlo .. Chi Mil & S P Ch Rock Is & P Chite Cop . Chino Cop .... Col Fuel & Iron . Consol Gas . Carn Prod Ref .. Crue Sy Caba Chne Sug Eik Horn Coal KEndicott-Johnson 58 i coes oo 16% Erfe 1st pfd .20 Gaston W & W A% Gen Elec 119 Gen Mot Goodrich (B F) C 1% Gt North pfd ... m Cent Inap Cop .. Inter Con Int Mer M ‘e Int Mer M ptd Ing Niekel Int Paper .... Kelly Spring Tire Kennesott. Cop Lehigh Valley Maxwell Motor Mex Petroleum Midvale Shel s Paciiic Lead . S~ Y Alr Brake. . Y Central . YNMHM&H.. ort & Weat orth Pucific are Ol : m Am P T. on It R ferce-Arrow. . Pitts Coal. . on Steel Cur.. Ray Con Cop .. eading ... . top 1 & S . . oynl D, NY .. inclair Ol Ref. 26% loss-8 Steol & I 65 % outh Pactfic. . 112% outh Rallway.. 26% Btudobaker Co... 483 oxas Co . LN ‘exas Pacific.. 22 'ob Products ... b%% ranscont Oll .. 10 Indon Pacilc .. Allls-Chalm Mfg Am Am Am Am §9% 16 % % "y 24 60 5% 12% " 6734 T1% 22% Inited Fruit ...203 nited Retall St £ ] 8 Food Prod.. 35 ] @ Indus Alco. 7T1% & Rubber Ce.. 61% 8 Steel .. 83% ] 8 Steel pfd...106 Jtah Capper 63 n Car Chem....w 45 illy Overland. . % N CLEARING HMOUSE REPORT Exchanges ........ .. 98887y Balances ALL YANKEES LEAV San Francisco, Nov. 17.—Brig. Gen V. 8. Graves former commander-in fef of the American forces in Si- rin who left Siberia for Manila in pril was here today from Manila n route to Camp Dixon, N J. He that the last handful of Ameri- forces in Siberia, a group to Andle return of army equipment had ft Siberia recently. CALL FOR QUEEN MOTHER Athens, Nov. 17.—Queen Mother L of Greece probably will assume Fegency today It was learned here forencon. 8She Is the mother of laio King George who was assas- at Sulonfkl in 1915, Admira) LOCAL STOCK MARKET TODAY MW T W Asked 125 101 136 100 Hfd Elee Light Southern N E Tel Am Hardv Am Hosiery Am Bross ....... 175 Bristol Brass ........ 24 Billings and Spencer . 65 Colt's Arms 43 107 (3] % 26 &6 80 4“ 53 240 335 38 55 Rights N B Machine Niles-Be-Pond com .. North and Judd Peck, Stow and Wil ox Stanley Works Standard Screw com Scoville Mfg Traut and Hine ...... Union Mfg Co ....... 18 APPROVED FO! FEDERAL TRAINING 4 310 30 Agent O'Kane Is Well Pleased With Results on the Opening Day for His Four Day Drive Here, The cases of 18 local ex-service men who have claims and who are seeking placement under the Federal Board for Vocational Training, were surveyed yesterday afternoon at the rooms of the Home Service Section of the Red Cross at City Hall. The histories of the men will be sent to the New York office of the federal board so that they may be rated and placed in training. The work Is In charge of Agent Joseph C. O'Kane, who is assisted by Miss Whipple of the Hartford office and the local Red Cross agent, Miss Avis Kemp. The ex-service men's organizations about the city, Including the American Le- gion, Soldiers, Sailors and Marines’ as- sociation and the Veterans of Foreign ‘Wars are co-operating with the fed- eral board. Agents in charge of placements were here today to secure posts for training for those already approved at the New York office. They will re- main in the city until their work is completed. Mr. O'Kane and his staff will be here for four days. It is estimated that there are about 65 men here who are eligible for training and who have not yet been brought into contact with the board. If the service men continue to come into the office they did yesterday, it is expected that the work will be cleaned up in the allotted time. e CHERNOFF GIVEN PHOENIX AGENCY Tocal Young Man Appointed District Manager of Company With Headquartors Here. Joseph M. Chernoff_ of the Phoenix Mutual Life Insuran: has been ap- pointed district manager of the company with headquarters in New Britain. His assignment came as a reward for his excel t services At the home office and as special repre- sentative in New Britain. Mr. Cher- noff is a graduate of the Life Insur- ance Salesmanship school of the Car- negie Institute In 1909 he repre- mented the Connecticut agency at the company's eonvention at Hot Springs, Va., being the youngest representative present. Several of his articies on Iife insurance subjects appeared re- cently in the “Eastern Undcrwriter,” a New York Insurance magasine. Mr. Chernoft has been connected with the Phoenix company for t three years. He acquired his education at the New Britain High school and afterward completed a commercial course at the Huntsinger | Business School of Hartford. Upon leaving school he entered the em- ploy of the Aetna Life Insurance Co Later the Phoentx offered him an op- portunity in their sales department which he accepted. The district office of the I"hoenix Mutual Life Insurance company, which will be in charge of Mr. Chernoff will be located in the Professional Building. MARRIAGE LICENSES Marriage licenses were lssued this afternoon as follows: Stuart S. Hell- berg of 130 Lincoln street and Miss Amalie M. Sjoberg of 117 street; Ernest Le Roy Woliver of 320 Main street and Mrs Sadle Coop- er of New Haven: Lewls Tray of 207 High street and Miss Marie G. Sys- ca of 60 Cherry street League of Nations Men Fired On By Lithuanians Warsaw, Nov 17.—Lithuanian troops fired on members of the lLeague of Nattons control commission as th were crossing ‘‘No Man's Land" from Gen. Zellgouski’s lines to those of the Lithuanians, according to dispathes received here today. The members of the commission were carrying a white flag. TODAY LAST DAY Hartford, Nov. 17.—Today is the last day for the filing of returns of election expenses witl the secretary sate. A large number of returns w received in the office this afternoon To Cure & Cold n One Day Take Grove's LAXATIVE sBnroMo QUININE tablets. The genuine bears the signature of E£. W. Grove, 30c — LOUIS PERLYSKY C. P. A. AUDITS ACCOUNTING SYSTEMS INCOME TAX REPORTS the | Linden | secretary’s | NEW BRITAIN DAILY HERALD, WEDNESDAY, NOVEMBER 17, 1920 | AMERICA MUST LOOK T0 FOREIGN LANDS Standard Oil Co. Worried Over Petroleum Situation Washington, Nov 17.—The Ameri- can petroleum industry must look in the future to foreign countries for its raw material and cannot “close its eyes to a potent of obstruction that looms in its way” due to the atti- tude of foreign governments, Presi- dent Walter C. Teagle, of the Standard Oil company of New Jersey told the American Petroleum Institute here o- day. “Certain governments, their realiza- thémselves but also directly to gross the sources of supply and re- serve the development of such sources to their own citizens, companies and capital” Mr. Teagle said, The speak- er classed these measures as tending to the ‘establishment of a systemn which we believe unjust, injurious and unwise.” He mentioned England, France, Japan and Mexico in connection with his presentation of the situation. Essentially, Mr. Teagle said, the American industry has to face the problem of production. During the present vear, he estimated the United States will consume 445,000,000 bar- rels of crude oil produced within the nation and import 120,000,000 bar- reis additional from Mexico. “These flgures matter little, but the tendency is all important’” Mr. Teagle said. "It emphasizes the rel- atively smaller part of our home pro- duction s going to play in the fu- ture. “Our British friends in endeavoring to explain the position their govern- ment has taken since the armistice, have argued that as ‘the United States is now supplying 70 per cent. of the world’s current production we should be well content with things as they are. This is an entirely fallac- jous view. Is it reasonable to ask that America is to go heedlessly on to the quick exhaustion of their own supply and then retire from the oil business? The American petroleum industry cannot accept such a con- clusion. It must look to the devel- opment of petroleum outside the United States.” As examples of “foreign govern- ments literally placing obstacles in the way of those who would like to assdst in the development of new mources of supply” Mr. Teagle cited the San Remo agreement “‘proposing a division of Mesopotamian and other Near East territory between the Brit- ish and French” and the “tripartite agreement” recently entered in be- tween Britain, France and Italy defin- ing spheres of influence in Turkey which is susceptible of diplomatic in- quiry to its true meaning.” Pointing out that the United States had never limited aliens in exploiting oll resources within its territory or reserved subsoll rights in privately owned land Mr. Teagle said it might be forced as a matter of self-protec- tion to consider the adoption of meas- ures reciprocally to consider its pe- troleum resources for its own peo- ple,” and stop the supply of present day petroleum products to other na- tions. NO CORPORATION TO DICTATE POLICIES Commenting Upon Possible Recog- nition of Mexico. | Washington, Nov. 17.—No corpora- tion, no grom -porations and no group of in i< 1s going “to de- Mver Amervican recognition to Mexi- co™ 1 was stated anthorifatively to- day at the state department. It was stated that as a preliminary to recognition the American govern- ment did not insist upon the abroga- tion of Article 27 of the Mexican con- stitution providing the operation of the article did not Infringe upon rights of Americans in Mexico. Officials added, however, that if the operation of the lawsd enacted under Article 27 were confiscatory or re- troactive, the United States could not accord recognition. The United States, | #t was deciared is actuated solely by | & desire to protect all valid interests of Americans in Mexico. In their discussion of Mexican recegnition, officials disclose® that various American corporations and citizens having interests in the south- ern republic had filed with the depart- ment statements of their desires in the | way of protection and guaranty of protection before recognition as af- forded. HAT UNION HEARING Charles Wimplcheimor, Officer of R. and W. Hat Co. of Norwalk, One of Those on Stand Today. Bridgeport, Nov. 17.—Charles Wim- | pleheimer, an officer of the R. and W Hzet Co. of Norwalk continued his tes- timony today in the trial ot the in- junction proceedings brought by the | hat company against tne United Hat- | ters’ Union of North Amecrica. When Wimplehelmer retired from the stand at noon a number of depositions taken from officials of the union who could | not be present at the trial and from | manufucturers of nats with whom the | plaintiff is said to have placed orders wera read. The Injunction proceedings charge the union with interfering with the hat company’'s business by calling a strik at the plant during April, 1918, also with censpiring to re the in. | and} L D. JUDD JUDD 23 WEST MAIN ST., NEW BRITAIN, CONNEOCTICUT Investments, Local Stocks Landers, Frary & Bought and Sold WE OFFER STANLEY WORKS PREFERRED. F.G. JUDD . T. SLOPER & CO. .Telephones, 1815, 1816 Clark “RIGHTS"” Deaths and Funerals. Mrs. Emma Weber Heinisch. Mrs. Emma Weber Heinisch, wife of George Heinisch, died this morning at 5 o'clock at her home, 416 Arch street, after a month’s illness. She was 42 years of age and is survived by her husband, one son, George Howard, three brothers, Jacob, John and George Weber. The funeral will be held Friday afte:noon at 2:30 o’clock from the home and at 3 p. m. at the Erwin Memorial chapel in Fairview cemetery. Rev. Dr. G. W. C. Hill will officiate. Mrs. Henisch was a member of the Daughters of America, the Shepherds of Bethlehem and the Degree of Poca- hontas. CLAN DOUGLAS ANNIVERSARY Lodge Observes 23th Ammiversary of Organization at Enreriainment and Supper Ileld Last Night. The 25th anniversary of Clan Doug- las, O. S. C. was celebrated last even- ing at the Junior O. U. A. M. hall. An entertainment and supper featured the evening. A history on the organization since its foundin was gziven by Stephen Robb, Chict John \iller pre- sided. The principal speaker of tha evening was Roval Deputy McCullun of Hartford. Tho enscrtainment con- sisted of Miss 1val Grant, soloist; Miss Robina Blair, highland dancer: Alex- ander Tompkins, soloist; Willlam Blair, soloist; William Mullee, piper; John Drummiond, soloist; James Law, concertina; John Thomson, soloist; Miss White,pianist and James Mc- Arthur, planist. Mrs. Walker Dilair, Chief Daughter, of Lady Wallace Lodze D. O. 8, presented Clan Doug- las with two Tartan Plaids as a gilt from the ladles. There were about 150 present. HIGH SCHOOL NOTES. Girls’ Li ry Society Will Fold Mo Tomorrow Afternoon. The Girly Literary socfety will meet tomorrow during the sixth period. After the regular business meeting a debate will ensue on the following resolution. Resolved: That immigration be furthar restricted. The participants for the negative side are: Phyllis Senning and Louise Holcombe, on the affirmative Carlotta Sloper and Bernice Wient. The debating club will also meet tomorrow during the sixth period. Amendments to the constitution will be voted upon and a Musiness man- ager will be elected. ” The business meeting will be followed by an im- portant question of the day. Re- solved: That the bodies of the dead American soldiers buried in France, be brought back to the United States Mr. Harvis and Mr. Kimball will be on the negative side with Mr. Gwosd- off and Mr. Oldershaw on the af- firmative. DOHENY IS ELECTED —— San Francisco Man Heads Committee Investigating Conditions In Ireland —Judge Goff Vice-President. i Washington, Nov. 17.—The Amer- ican association for the recognition of the Irish republic was organized here today by Irish leaders from all over lh‘(\ country who were summoned to Washington by Eamonn De Valera, president of the provisional Irish re- public. The new organization is designed to supplant the Friends of Irish Free- dom anl to absorb the membership of that organization and to give Mr. De Valera advice for working out his plans and those of the Irish repre- sentatives. Edward I Doheny of Los Angeles, ‘who presented the minority resolution for recognition of Ireland at the dem- ocratic national convention” at San Francisco last June, was elected pres- ident of the organization. The vice- presidents are Judge John W. Goff of New York; Johnt Castelline, of Cinein- nati, and Major Eugene Kinkead, of Jersey City. John J. Hearn, of West- fleld, Mass, is treasurer, and Daniel 8. O'Flaherty, of Richmond, Va., sec- retary. TABS ANNIVERSARY Annual Event Will Take Place This Evening at Organization’s Hall on Lafayette street. Nine 25 year membership medals Will bo presented this evening at the 39th anniversary exercises of the Y. M. T A & society at the organiza- toITs hall on Lafayetto street. Elabor- ate plans have been made for the event and in view of tho fact that the num- ber of medals to be presented is ona of the largest in the history of the organization, it is expected that the attendance will also be large. An entertainment will be furnished 'Y the Tempo Quartet of Hartford, consisting of solo numbers and quar- tet selections. Prof. Charles W. Wells, magician, will also present a turn. Dancing will follow the speaking and November Victor records, C. L. Pierce & Co.—advt. Automobiles belonging Josephine Dunham and E. W. Pelton collided this noon at the corner of | | Shuttle Meadow avenue and Lincoln street. Only slight damage was done, as both machines were traveling slowly at the time of the collision. Excelient thin ribbon ecand also | plain and salted nuts for Thanksgiving. McEnroe's West Main St.—advt. Allan . Church, commissioner of the United States Naturalization court, heard applicants for citizenship | papers today at the city court room. The next meeting for the admission of aliens for citizenship, will be held on December 28 Victor November Plerce & Co.—advt. Unfavorable reports were received here today in regard to the condition | of John F. Mullen who 1is, at St Francis' Hospital, at Hartford. Removal sale at Besse-Leland's. —advt. A daughter was born at the New Britain General hospital today to Mr. and Mrs. John Denko of 140 Cherry street, and a boy was born to Mr. and Mrs. Gustave Nordgren of 42 Olive street. November Victor Pierca & Co.—advt. A daughter was born today to Mr. and Mrs. Williarn Brennan of 48 Water street, Southington_ at the New Britain General hospital It will pay you well to come to the New York Sample Shop mark-down sale.—advt. The regular meeting of the Ladies’ Auxiliary U- 8. W. V. will be held Thursday evening at the State Arm- : ory at eight o’clock. Victrolas at C. —advt. Mrs. A. L. Gayler of this city sprained her ankle while alighting from a trolley car in Unionville, Mon- day. Aldernfan H. P. Richards, who has I been seriously ill at his home for the | past week, is unchanged in condi- | tion. N The Alpha string onchestra will give an informal dance at the Y. W. | C. A. Friday evening of this week. The Colonial club, pool and card players of Meriden will play the local Kenilworth teams at the club to- merrow evening. Victor November | Pierce & Co.—advt. | ! Lieutenan and Mrs. Willlam J. Hartnett have returned from their wedding trip and will make their home on Fast Main street. Lieuten- ant Hartnett is with engine Company ! No. 2. Removal sale at Besse-Leland's.— advt, | .No. 6 Fire Station Will Cost the City $18,527.55 The November meeung of the com- mon council, which is to be held this evening, will hear a report from the mayor and the finance committee upon the completion of No. 6 fire house. The total cost of the structure was $18,527.55. The original appropriation was $12,000. to Miss records, C. L. records, (. TL. Pierce & Co. records, C. L. ! 5 YA B LA RICHTER & CC Member New York Stock Exchange 31 WEST MAIN STREET, NEW BRITAIN, STANLEY R. EDDY, Mgr. TEL. 30 SHARES NORTH & JUDD MFG. C Price to yield better than 69 KEOGH Member Ounsolidated Stotk Exchange of New York. STOCKS BONDS Direct Private Wire New York to Boston. e G. F. GROFF, Mgr.~—Room 509, N. B. Nat) Bank Bldg.~vTek CHRISTMAS —MONEY TO THE FOLKS IN THE OLD COUNTRY Remittances: of all Foreign Countries EXPpe through our own European offices DRAFTS. Mail and Cable Money Orders to all parts of the W4 FOREIGN MONEY BOUGHT AND SOLD AT CURRENT RA We special e on Remirttances to Italy, Poland, uania, Latvia, Esthonia, Germany, Austria, Hung Rumania, Czecho-Slovakia, Nurway, Sweden, D mark, France, Great Britain, Bulgaria, Spain, Gre and Syria, . GEORGE A. QUIGLEY 297 MAIN ST. Telephone 1052 NEW BRITAIN, CO! Ty § Savings Bank of New Britain THE BANK OF THE PEOPLE Surplus and Undivided Profits $841,691.03 ing problem. Doing Busin ess Since 1862 Total Assets $13,700,843.52 178 MAIN STREET In the investment of its deposits considerate thought is given to the hous- Since January 1, 1919, $1,903,840 has upon Real Estate in $1,754,050 United States Government securities are owned by been loaned upon first mortgages! this community in aid of building homes for the people. this Bank. Both of these classes of investment are the strongest that there are. Both are helpful to all the people. in the Bank pictured above. Everyone realizing this we feel sure will deposit 41/2% Interest on ail deposits. Open Monday Evenings 7:30 to 9:00