New Britain Herald Newspaper, January 20, 1921, Page 11

Financial WALL STREET STOCK EXCHANGE REPORTS m.—8hip- and Wall street, 10:30 a. Rings, food, otor shares Mrong features at the opening of to- jay’'s market. ranging from large fractions to a full made by Atlantic Gulf, American In- ternational, Cuban-American BSugar, Balifornia Pkg.. General Electric, merican Car, Utah and Chino cep- Pors, Bosch Magneto and Stromberg rbureter. General Asphalt also l@ded moderately to yesterday's sub ptial gain with Sumatra Tobacco n Potraleum and Central r. Slight reactions marked b early dealings with Baldwin Lo- L, American Tobacco, Retail Stores Corn products. Fall Street, Noon..—Much of 1y advance was lost in the first ir when selling of Baldwin and erican locomotives, Goodrich, fted Fruit, Industrial Alcohol and ®in arolina caused ctions of 1 to points. This followed by purchases of oils shippings, as well as a variety sclalties. Texas, Pacific rose 2 3.4 TInternational Paper . Writing Papor Pfd. 2 and Rem- on Typewriter 3. Rails were ne- ed, the only movement in that rtef being a galn of 1 1-2 points Texas and Pacific Call money pened at § per cent and demand bills London rose to $3.77 7 the ghest quotation since last July. Wall street, 1:30 p. m.—Olls and o eontinued to improve at Houston Oll increasing its vance to § points, asphalt rising amatra tobucco 3% and Sears 3. Ralils alwo became mod- otive. Reading and New ntral gaining a point each, fle"%exas and Pacific cxtended its n to § 1-4 points. jall streot’ clowe— Roalizing sales, partly by cal money's rise 7 per cent and pressure against ls and equipments, precipitated equipment, metal provided the firm to Gains point were the R AR T | | Coal and , reactions of 1 to almost 4 points later. Sales approximated 850,000 sharee. -— (New York Stock Exchange quota- tions members of Exchange.) Allis Chal Mfg.. Am Beet Sugar. Am Can Am Car & Fdy. Am Cotton Oil.. Am H & Iaher. Am Locomotive. Am Smelt & Ref Am Sug Fef com Am Sumatra Tob Am Tel & Tel.. Am Tobacco Am Woolen .... Anaconda Cop.. Atch Top & S F. At Gulf & W Baldwin Looo .. Balti & Ohio... leth Steel B... Brkn Rap Trans Can Pacific Central Lther Co Ches & Ohjo... Chi Mil & St P hi Rock Isl & P Chile Copper Chino Cop Col Fuel & Ir... Consolidated Gas Corn Prd Ref.. Cruc 8t Cuda Cane Sug Elk Horm Coal Endicott-John .. Erie ceee Erie 1st pfd . . Gaston, Wa&W . Gen Electric Gen Motors . Good (BF) Gt North pfd Nlinols Cen Inspir Copper .. Interbor Con .. Interbor Con pfd Int Mer Mar the High. 37% 9% 28 % 10 847 39 95 % 82 99 % 1197% 69% £01 13% Seedd 43 607% 29% 2T % 12% Int Mer Mar pfd 57 Int Nickel Int Paper Kelly Spring Tire Kennecott Cop.. Lack Steel . Lebigh Vailey .. Mex Petrol Midvale Steel Mis Pacific Nat Lead . N Y Central .... NYNHG&&H.. Norf & West .. North Pacific Pure Oil 5% 1683 32 19% 74 TI% 21 1011 8413 New furnished by Richter & Ce., York Stock Low. 38% 48 29 79 1% 96 24% “eon 188 20% 4.. 127% 1% 0% 6 80% 35% 5% 14 -5% 551 16% 60 7% 203 56 5% 163 % 1Y% 1914 723 2% 203% 101 82% Close. 363 48 5714 13% 116% 413 601 7934 123 23 29 79 7185 9% 24% NEW BRITAIN DAILY HERALD, THURSDAY, JANUARY 20, 1921. Pan AmM P & T ... 4 Pean R R ....... % 4 Pierce Arrow A Pittsburgh Coal Pressed Steel Ray Con Cop Reading Rep'1 & 8 .0 .- -- Royal D, N Y .... Sinclair Oit Refin . 2 Slors-S Steel & 1 5 Bouthern Pacific . Southern Railway Studebaker Co Texas Co Texas & Pacific .. Tobacco Products 57 Transcont Oil Union Pacific United Fruit United Retail St U 8 Food Prod S Indus Alco U 8 Rubber Co U 8 8teel ... U 8 Steel pfd Utah Copper Va Car Chemieal Willys Overland 7616 g LOCAL STOCK MARKET TODAY Bid Asked Hartford Etectric Light 5 130 Southern N. M. Telephone . Amorican Harl@iware American Mosfery American Brass ! Bristol Brass . 6114 133% 20% Qor 127% 15 a ' 7615 §915 35% | 5% 14 15% 551 15% 613 4Ty 203 56 5% 162%; 3% 19% 74 2% 20% 101 82% 36% Billings & Spen Colt's Arms -. . Eagle Lock Db osan Landers, Frary & Clark New Britain Machine Niles-Bement-Vond, com North & Judd ........ Peck, Stow & Wilcox . Stanley Works ..... Standard Screw, Scovill Mfx. Ce Traut & Iline .... Union Mfz. Co. com CITY ITEMS Removal sale at Besse-Leland's.— advt. | Edward Swain, the young son ofl Dr. Charles Swain, sustained a frac- ture of the wrist yesterday afternoon, while on his way home from school. District Deputy Henning Johnson of South Manchester wiil be in charge of the installation of officers of Val- kyrian lodge, O. of V. tomorrow eve- ning. Louis Groski was arrested today hy Traffic Officer John L. Carlson for alleged overcrowding a jtney. |GENERAL ASSEMBLY HAS LITTLE T0 00 (Continued From First Page) Dissatisfaction over the present sys- tem of weights for a bushel of vek- etables, seed ,fruit, by a bill to establish new weights for the bushel of various articles, and an- other bill would permit cities of 20,- 000 to appoint a sealer of weights and measures. The present law applies to cities of 25,000. The Connecticut Institute for blind asks for $20,000 reimbursement for outlay in teachinx blind persons the manual trades. Tracy Brothers of Waterbury, who did emergency war construction work, ask again to be reimbursed £1,500 which was paid on a forfeit clause in a state contract. Several additional bills in behalf of world war veterans and concerning their right to use of Fitch’s Home and the advantages of the soldiers’ hospital board was offered. Other Dills included thes By Mr. Walter—To establish the parole system at the reformatory. and to penalize trespassing on land state institutions. By Mr. Clarke—To repeal the Iaw under which Waterbury was author- ized to increase its water supply. etc.,, may be met the of Griswold For Judge Judgeship resolutions were Alex. Arnott, judge, and R. E. Car- ney deputy judge at Manchester; M. H. Gerssler, judge and Archibald MacDonald, jr., deputy. Putnam; O. H. D. Fowler, judge and H. I.. Dav deputy at Wallingford;: G. G. G wold, judge and E. W. Meldrum, dep- uty, at Berlin; Jervis D. Brown, judge and G. J. Smith, deputy, at Milford. Mr. Marsden proposes an issue of $150,000 for school house purposes in Madison. In automobile bills Mr. Sherwood of Westport proposes one to make the owner of a machine liable for negli- gent operation even if operated by an- other, and making a machine condi- tionally sold liable io attachment. Both houses adjourned until Tues- day. for CLEARING HOUSE REPORT. Exchanges DBalances A Safe Investment to Yield 8% These Points are " Considered the Most Essential by Discriminating o Investors £ in the Selection of Public Utility Bonds $800,000 EL PASO ELECTRIC COMPANY 5 Year 79 Gold Notes Dated July 1, 1920 Due July 1, 1925 Denominations of $100, $500, $1,000 ) TERRITORY SERVED. EI Paso Electric Co. does the entire street lighting and commercial power business in and adjacent to El Paso, Texas. lation is 100,000. MANAGEMENT. The property has been under STONE AND WEBSTER MAN- AGEMENT since 1902 and is in excellent physical condition. paid dividends on its common stock since 1910 and at the rate of 10% per annum since Dec. 15, 1915. The estimated popu- The company has SECURITY. These notes arc to b sccured by pledge of all of the bonds, notes and stocks of the subsidiary operating companics. now owned: or hereafter which have an aggregate value of $6,000,000, subject only to the lien of a closed $1,000.000 Collateral Trust Bond issue maturing January 1 acquired, , 1932, EARNINGS. For the twelve months ended May 31, 1920, the nct earnings ap plicable to interest charges were approximately 5 TIMES ALL INTEREST CHARGES on the Company’s bonds and these notes, moreover, average net carn ings for the past seven years have EXCEEDED 4 TIMES SUCH CHARGES. VALUATION OF THE PROPERTIES. The value of INTEREST the property is in excess of l.hc capitalization and the conservatism of the financial structure is shown by the fact that, of the total capitalization, bonds comprise only 18 per cent.. these notes 15 per cent. and stock 67 per cent. FRANCHISES. The carliest maturing franchisc of the¢ operaling companies pires in 1951. CHARACTER OF THE SPONSORS OF THE BONDS.. safety of a bond issue can be offered than the ENCED AND RELIABLE BANK vwhich, prior to its own endorsement of the issuc, has condpcted exhaustive investigations into the security behind it and then chased the issuc with its own funds for distribution um-un'_: its clientele. recommendation Exs No better evidence of the of an EXPERI- pur- Price and Circular Upon Request. | | JUST CONSIDER FOR A | ‘ MOMENT ‘ the amazing opportunities for profit- able invesiment in the stock market today. | | IT IS MANY YEARS | | | since buyers were so attracted recognized values as they ACQUAINT YOURSELF with this extraordinary situation by obtaining our | YEAR-END REVIEW and SUPPLEMENT recommends for purchase su to are mow. Free Upon Request. | MILTON HEIM & CO. | Mem- |Philadelphi bers (Consolidated Stoc] 74 BROADWAY, N, Y, 489 Fifth Ave., N Branches ppijadelphia, Pa. A. G. MANOR BLIND DETECTIVE!—A hullet fired into his eye 20 years ago made A. G. Manor blind. But he's still one of the most valuable detectives on the Richmond (Ya.) police force be- cause of his memory for voices and knowledge of crooks. STUDENT CONFESSES ARSON. St. John's Cadet Says He Burned | School Building to Get a Vacation. Syracuse, Jan. 20.—Austin L. In- gersoll, 17 years old, a freshman ca- det at St. John's Military school at Manlius, and son of a prominent El- mira druggist, confessed that he had set fire to three of the school build- ings because he *“hoped the cadet battalion would be dismissed for the rest of the year and he could home.” Immediately after his confession to District Attorney Frank P. Malpass, Ingersoll was indicted by the grand jury on three separate counts of ar- son, third degree- The three build- ings which were fired by the cadet were the Academy building, on Nov. 14, which was destroyed with a loss approximating $200,000; the chapel, which was set on fire Jan. 5, with slight loss, and Huntington hall, a fire in which on Jan. 14 caused little dam- age. The boy is held in jail pending the disposition of his case. £ ICHTE Member New 31 WEST MAIN STREE STANLEY R. EDDY, Mgr. B WE OFFER:— * 100 Shares Stanley 50 Shares North & Ju " 50 Shares New Britain 50 Shares Billings & Sper How Many Invisible Guests Will You Ha PADRBRERE JOHN P. KEQ Member Consolidated Stock Exchamge STOCKS BONDS Direct Private Wire New York G. F. GROFF, Mgr.—Room 509, N. B. Nat'l ¥, G. JUDD L D. JUDD JUDD & =3 WEST MAIN ST., NEW BRITAIN, @ Investments, Local Stocks . WE OFEER:— 50 SharesUnder The Hartford-Connecticut Ti Corner Main and Pearl Streets, 1 Capital $1,250,000. Surplus Fu . Safe Deposit Boxes, $5 and upws Settlement of Estates, Wills drav Foreign Exchange to all parts o LETTERS OF CREDIT GENE! Bank by mail. Itis safe and For Quick Returns Use Herald This is the 4th Day of Thrift “OWN YOUR OWN HOME DAY” Do you own your home? This is the question which Thrift Week asks you — if you can answer yes 10 to 1 you have carried a Bank Account — if not the first start should be with Your Bank. ' The Trust Co. offers you every Banking Facility — Open your account with a Bank of long experience.