New Britain Herald Newspaper, December 8, 1920, Page 11

Financial WALL STREET STOrX EXCHANGE BEPURTS Wall Street, Cwse.—Oils, motors, fhlpp‘n‘ and reils added to their iosses later, rominal rallies in ' the final dealings arising from short cov- , oring rather than real support. The Closing was heavy. Sales approximated 900,000 shares. (New York Btock Exchange quota« tions furnished by Richter & Co, members of the New York Stock Ex- change.) Close 30% 52% 25% 1235% 185 5% 8415 4% 92 2% 9865 116 1% 3814 82% 109 " 26y 54 10 116% 3T% 62% 304 29 Ll 181 9% 68 % 0114 23 17% 56 13% 20% 3 120% 16% 41 8% 8T% 2 3% 9 14 % 53% 14% sy 54 8% 18% 52% 2% 1681 High Low Allls-Chalm Mfg 31% 30% Am Beet Sug ... 54 52% AmCan ........ 28% 28% Am Car & Fdy ..126 125 Am Cot Ol 18 % Am H & Leath 814 Am Loco ... . 84 Am Smelt & Def 45% 44% Am Sug Ref com 92 0134 Am Sum Tob 2% 2% Am Tel & Tel .. 98% 988, Am Tob .......118 116 Am Wool ...... 78 1% Ancon Cop . 33 283 Atch Top & 8 F 83 821 AtGulf & W1 ..112% 108% Buldwin Loco .. 94% 8% Palti & O ...... 37% Beth St1 B ..... 55 Bkiyn Rap T .. 10% Can Pac ......115% Cent Leath Co .. 30% Ches & Ohlo ..., 83% Chi MIl & St P . .31% Chi Rock I & P Chile Cop . % Chyne Cop . Cons Gas . Corn Prod Rct Crue St1 Cuba Cane Sug ., Kik Horn Coal , . ¥ndicott-Johnon Brie ... Goodrich (BF) ¢ HM Gt North pfa 11l Cent Inspir Cop .. Inter Con .. Mitér Con pfd . Int Mer M . 4% Int Mer M pfd .. 53% Int Nekel ... 14% Int Paper . 49 % lack Steel. Ga% Kennecott Cop. L] 1 h Val . 53y Maxwell Motor.. 2% Mex Pet ... AT Midvale Stoel 1% Mis Pacifie .. 10 Nat Lead «. 7% N Y Central .. 3% NYNHaH 194 Norf & West .. 100 orth Pacific . Pure Ol ...... Pan Am P& T. Penn R R ... ‘Plareq-Arrow . Pitte Coal ... Ray Con Cop . Reéading Mep 1 & 8 . Royal D, N Y .. Sin Ol Refin South Pacine south Rallway . Studebaker Co.. Texas Co ...... Tex & Pacifio .. 20% Tob Proa ... 53% Trans Ol ... L Union Pac . 119y 83 say | 20% 0% 20 60 1% 89 66% 4% 263 101 % 1My 4% 50% 201 533 9 118% 20% 67% o 255 ..108% 238 453 50% .. 301 198 56% 19% 663 3N 80% 51 35 % 198 56% 21 67% 66% 81 51 36% 5% it S Steel 'Utah Copper ee B18§ Va Car Chem .. 37% Willy Overland 6% LOCAL STOCK MARKET TODAY Asked 118 102 137 90 172 23 60 42 52 51 35 7% 63 42 52 230 Bid Htfd Blectric Light 114 Bouthern N E Tel Am Hardware . Am 3losiery ... Am Brass . Bristol Brass Billings "and Spencer Colt's Arms Eagle Lock L F and C N B Machine . Nlles-Be-Pond com North and Judd .... Peck, Stow & Wjlcox Stanley Works Standard Screw com Scovill Mtg Co .. 350 Traut and Hine . 35 Union Mfg Co .. 50 CLHAIIYG nolm nmt‘r ruh.n-n BENEFIT PERFORIAHGE Amphion Club Will Present “First Tady of the Land” at ¥. W. C. A, For Members of the Woman's Club. Tt was announced at the local High school this morning that the Am- phion dramatic club would present “The First Lady of the Land” at the ! next Tuesday for the ' Y. W. C. A benefit of the Woman’s elub of New Britain, the play will be given at 3 o'clock and for members of the as- sociation only. It will also be in the form of a dress rehearsal for the club as the costumes will arrive on Monday. The play will be presented to the public on Friday evening of next week at the school auditorium and a large crowd is expected. Mrs. A. C. Guil- ford the club advisor, is sparing no expense in making this one of the greatest plays yet given by the local organization. She has refited the cos- tumes for a cast of twenty from Her- man Buchholz and Son of Springfiald, Mass. The cast have been rehears- ing faithfully for the past few weeks and have put much of their time and energy intd the play in trying to make the play a huge success. Music for all of the performances will be fur- nished by the High schoo! orchestra under the direction of Miss Olga Har- vey. s PUBLIC WORKS MEETING. Several Items of Goneé Over at Board's n. After 4 hearing upon the proposed establishment of a sidewalk grade on the south side of Stanley street from Francis street to Commonwéalth ave- nue, last évening the board of public works voted to establish & grade as [ recommended. A wpetition of the tel- ephone tompany for permission to place loading c¢oil§ In two subway tndnholes on Main street was favored and adopted. City Engineer J. D. Wil- Ham reported that the preliminary work of cutting away Central park by narrowing sidewalks on both sides and cutting away the north cornérs would cost 310,500, < Upen petition of E. O. Kilbourne the board voted to mccept Commoh- wealth avenue If the grades are satis- factory to the engineer. Matters of routine business were transacted and a number of minor petitions acted up- on. BABSON OUTLINES DEPRESSION GURE Thrilt and Unselfishness Remedy, Says Statistician Thrift and unselfishness constityte the cure for business depression, said Roger W. Babson, noted statistician and economist, speaking last night before _the Hartford Advertising club, at the Hotel Garde, on ‘“What Is the Matter With Business.' The so-called business barometers such as diminishing bank clearings and reserves, and falling market stocks, merely registered the under- lying determining cajgses, said Mr. Babson. These dgeper causes were two-fold. First, the amount of money reserve held by the people would show whethier they were thrifty or extrava- gant, and secondly, the attitude of the people. toward living. ““The matter now with business is spiritual,”’ asserted Mr. Babson. It is fundamental. Since the middle of 1918 the attitude of men has changed. Thrift and self-sacrifice has given way to extravagance and selfishness, and now many of the people would rather ride in the cart than pull it.” Mr. Babson opened his address by citing ten factors that point to con- tinued prosperity. First, he said that wage earners and farmers today hold S0 per cent. of the Liberty Bonds, which goes to make up a big reserve buying power. Second, prohibition had resuited in great saving. Up to July 1, three billions of dollars had been spent an- nually on drink, and now 20 per cent. of that amount had = gone into the banks, and:the remainder into home- building. Mr. Babson predicted no change in prohibition legislation next year. ’ Third, our banking system is very flexible. During th€ last thirty to sixty days the systerj had greatly im- proved. ‘‘There willgkbe no financial panic,”” he said. Fourth, manufacturing has been standardized, and seasonal fluctuation has been considerably eliminated. For instance, the man who is iceman in the” summertime is coal dealer in the wintertime. Fifth,” we have the largest crop in history. In considering crops, the amount raised, not the price, per bushel was the impértant fact. Sixth, our merchant marine, the second . largest in the world, had in- creased our foréign trade. Mr. Bab- son made here a significant statement by Rointing out that if all our foreign tradeyfvas tied up in American ports, the st we could lose would be 5 per cent. of our total business. Seventh, reduced taxation would come In 1021 bringing with it the elimination of the excess profits tax and the reduction of surtaxes. Busi- ness would be less handicapped. Kighth, the new republican admin- istration will demonstrate what it ean d6 to help business. Nifith, we have Decofmeé the richest country in the world, and since the war have become the great creditor nation. Tenth, advertising would. help to steady business, and it was already be- coming the economic force in the pro- duction ana distribution of goods. In the face of these factors that ould make for good business, Mr. Babsoh said there is repression and that “we areé In thé nidst of the most radical adjustment ever witnessed. The peak o good outiness was resched in Januaty of this year and there ias been a decline sine ——— e The regular meeting of the Ladies’ Auxiliary, U. 8. N. V. will be held Thursday evening at the State Armory at 8 o'clock. 4 avings Bank of New Britain Surplus and Undivided Profits $868,635.13 A MUTUAL BANK Began Business in 1862 178 MAIN STREET\ \ Assets $13,798,567.77 Deposit in This Bank Your Christmas Club Checks 4]/2 % Interest Open 9A. M. to 4P. M. Monday Evenings 7:30 to 9 Saturdays 9 to 12 | l | cussed. j —advt | of the interational code of radio sig- “CITY ITEMS Rough dry washirg at 9 cents & pound beginning Dec. 13. Union Laun- dry & Dry Cleaning Co.—advt. A daughter was born to Mr. and Mrs. B. P. Hockmuth Tuesday after- noon. Mother and child are doing nicely. Tonight is the big night at the For- esters’ fair. Be on deck.—advt. Take home a set of china from the Foresters’ fair tonight.—advt. The Boys' eclub, Ladies’ Auxilia held a meeting last night at wh plans of the organization were dis- Miss Helen Bergandahl is president of the auxiliary Entertainment and dancing at For- | esters’ fair tonight. Be with us There wil be a meeting of Camp No. 70, Woodmen of the World, at Turner hall this evening. A smoker will be enjoyed and oiiicers for the en- suing year will be elected. Arrange- ments have been made wheieby State Manager Garvin of New Haven will address the meeting. Joseph Williams, was day by Officer Axel Carlson, charge of assaulting his wife. Removal sale at Desse-Leland’s. —advt. A Wodinsky, surrendered himself | today at the police station, affer | learning he was wanted on a charge of | assaulting one of his tenants on Con- nerton street. Coal—Egg ana Pea mixed for the | furnace , $19.00 per ton. Phcne Citi- zens’, 326.—advt. Removal sale s~advt. M. Jartman reported to the police today that his automobile truck had broken the traffic post at the cormer of Franklin Square and Main street, He paid the required sum for re- pairs to the post. Foresters' big parade tonight. Come otit —advt. Have your photo taken for Xmas by Johnson & Peterson, photographers, 125 Main St. Phone 873-2. Make an appointment today.—advt. If vou haven't been to the Fores- ters” fair you have missed something. Come®tonight and find out what. —advt. Three cases of diphtheria and onc case of scarlet fever weré quar- antined this afternoon. MACHINE SHOP CLOSING Plant Will Suspend Operations ¥Fri- arrested to- on a at Besse-Leland's. Three Weeks, day Evening For Reopening Monday, January 3. Factory departments of the New Britain Machine company will sus- pénd d&perations Friday afternoon of; this week and the planty will remain closed wuntil Monday morning, Jan- uary 8, President Herbert H. Pease announced today. Notices notifying operatives of the decision to shat down for three weeks were posted to- day in each department. The pur- pose ofsthe suspehsion of work, it is explained,.is to enable the inventory to proceed smoothly. Office employes are not affected by the closing honur. When the plant reopens it will be under an eight hour day, five days a week. Only about 500 employes are af- fected by the closing, the force of operatives having been previously re- duced very materially on account of the general busfiness depsession in the automobile industry. GERMAN CABLES ARE NOT YET ADJUSTED Question That Affects This Country, | France, England and Japan Still Unsettled. Washington, Dec. 8. — Technical recommendations of the delegates of the five allied and associated powers at the preliminary international com- munications conference, as made pub- lic here today through tho state de- partment show that &lisposition of the formér German cables seized by | France, Great Britain and Japan in 1914 still remains unsolved. Desirability of more cablea between North Ameri and tha Orient and between America and Aust and a cable connecting North America and Italy as well as a proposal for tha | amalgamation of the telegraph and | radio conventions formerly governing international communications were among the recommendations. It also was proposed that a universal elec- trical eommunicaticns anion be estab- lished. 8o far as formulation of a code of international law relating to commun- ications was concerned it was decided to propose an agreement among the powers not to grant hereafter exclu- sive cable landing or radio rights serv- ing to check the development of com- munications facilities. Formulation of an international code determining the status of submarine cables in war time | also wag proposed. > Thé radio protocol, adopted pro- visionally by the Allies during the war was approved and added to, particu- lar attention being paid to the revision SIT TRELAND 8.—The British today refused to vise the of the members of the special committee selected by ~ the Commission of Inquiry on conditions in Ireland now in session here to visit | Ireland to study there at st hand. This means that the members of the commission. will not be permitted to visit Great Britain or Ireland. ‘Washington, MARTIN LOSI William Martin, of given a hearinz before Comm MeDonald of the state automobi partment yestérday, and at the con- clusion of the hearing, the operator’s license was permanently suspended. Martin was recently fined ™ police court for reckless driving, following a collision at the corner of Maple and was oner 1 Whiting streets. of 243 Soutk Main street, i Steege, Charles burial will be in Fairview cemetery. sition that name »f the lav HE‘S CHIEF OF REFORM BUREAU REV. WF.CRAFTS : Washington—Rev. Wilbur F. Crafts is superintendent and treasurer of the International Reform Rureau, which will hold a convention in Washington, Dec. 8 to 10. Discussion of the District of Columbia blue laws, it is believed, will lead to the convention backing the nation-wide movement for ‘“‘sinless Sabbaths.” Deaths and Funerals. Sarah E. Stoddard The funeral of Sarah E. Stoddard who died in Cleveland, Ohio, will be held at the South church chapel Thursday morning at 10:30 o’clock. Rev. G. W. C. Hill, pastor, will offici- ate, Burial will be in the Fairview cemetery. Mrs. Fannic Wallin. Mrs. Fannie Wallin, aged 41 years, died this the New Britain Gen- eral hospital. She leaves her husband Louis Wallin. The funeral arrange- ments are incomplete. afternoon at Alois Yaeggi Alois Yaeggi, aged 55 vears, died last night at the New Britain General hospital. The funeral will be held to- morrow morniRg from J. M, Curtin and company’s undertaking rooms. Services will be conducted at 8 o'clock in St, Peter's church. The burial will be in St. Mary's new cemetery. Andrew Peplau Andrew Peplau; aged 59, died last night at his home at 484 Stanley street. He was employed at the P. and ! ¥. Corbin plant. Surviving is his wife, |twa daughters, Mrs. Thomas Naughton and Miss Agnes Peplau; two sons, Al- bert F., and Robert 1. Peplau, The funeral will be held Friday afternoon from the late residence. Re C. T pastor of St. Matthew's Ger- man Lutheran church Will officiate at the home services at 2:30 and the church service at 3 o’clock. Burial “will be in Fairview cemetery. Mrs, Harrict M. Wells Mrs. Harriet M. Wells of Newing- ton, widow of the late Stephen M. Wells, died vesterday afternoon after an illness of about a month. She was age and well known in iving are her daughter, Wells and two sisters, Robbins of Chicago, 74 vears of this city. Sur Mrs. W' m T. Mrs. David I | and Mrs. Louis L. Robbins of Newing- The funeral will be held from the home in Newington Thursday afternoon at o'clock, Rev. Henry W. Maier officiating. Burial will be in Cedar Hill cemetery, Hartford, ington. Marco B. Haling. After an illness of but one week, Marco B. Haling of 1193 Bast street P d away last night. He was 67 3 s of age and had been employved in the Russell and Erwin plant for more than a quarter century. Surviv. ing is his wife and two daughter Mrs. Edward Reynolds and Mrs. Stephens, also thrce grand- children. He was a member of Cham- berlain council, Jr. O. U. A. M, The funeral will be held from the late home Friday afternoon at 2 o’clock. Rev. G. M. sirian, pastor of the Stanley Memorial church will officiate. MISS SMITH MAY RETURN Woman Sought in Connection With Fatal Shooting Will be Asked by Lawycer to Surrender to Police. Fort Worth, Tex. Dec ~—A propo- Clara Smith surrender to Ardmore for possible in connection with the fatal shootirg of Juke L. Hanion, will be submiitted to the woman for final dceision, it was announced today by a law firm members of which say they confe 4 with J. L. Smith, father of the missing woman yesterday. Mr. Smith the attorneys said today on his way to a small town in Mexico to submit the proposal to his | daughter. They requested that the | firm not be published. Should Clara Smith accept the pro- posal to surrender the attorneys said they would defend jher in court and in- ! sist upon speedy trial if the charze against her necessitated taking the case; to _court. The womdn not in | Juarez But is concealed in a nearby Mexican village the attorneys declared, adding that they expected word of the l and return court action is I M. ICHTER & C( Member New York Stock Exchange " STANLEY R. EDDY, Mgr. WE OFFER:— 50 150 American 50 Union Mfg. = 31 WEST MAIN STREET, NEW BRITAIN, Q TEL. ‘North & Judd Hardwe Co. 50 Stanley Works 300 Landers Frary & C JOHN P. KEOGH . Member Consolidated Stotk Exchange of New '9 STOCKS BONDS Direct Private Wire New York to Roston. * 7 G. F. GROFF, Mgr.~Room 509, N. B. Natl Rank Mlag ».G. JUDD JUDD GC £3 WEST MAIN ST., NEW BRITAIN, CONNEO Investments, Local Stocks .mqlm North & Judd Fractionst Warrants Adjusted WE OFFER. SPANLEY WORKS PREFERRED, ~ 'CHRISTMAS MON To theFolks in the Old Co MONEY ORDER, DRAFT OR Ci GEORGE A. QUIGLE NEW BRITAIN, ¢ OPEN TONIGH We will be open this evening between seven o’clock for the pl;'_rpom of enrolling members 1921 Christmas Savings Cl ' ~— YOU ARE CORDIALLY INVITED TO JO Ours is the only Xmas Club in New Britain paying interest. Kempton, associate Association Miss Helen P. director of the American for Organiizing family soclal work,wiil deliver a talk at the meeting of the directors of the New Britain Charity Organization af 2 Center street this evening. She is the guest of Miss Cora Beale during her stay in this city. HARTFORD MAN ARRESTED Detective Sergeant A. J. Richardson arrested Philip Riox of Hart- warrant charging evading of responsibility. Tt is claimed that Riox., driving an automobile on the Stanley Quarter road Sunday night, collided with A. W. Piper's ma- today ford, on a woman's decision tonight or tomorrow. i chine doing some damage. PROBATION OFFICERS § The quarterly meeting o necticut Probation Officers” will be held tomorrow at House of Good Shepherd ford. The association membg the guests of the Mother S the home. Judge John H. Probation Officer Edward and Miss Cora M. Beale of ain will attend this meeting. LOUIS PERLYSKY AUDITS ACCOUNTING SYS INCOME TAX REPO Room 306 Pilgard Bu Hartford, Conn. Telephone Ch. 835