New Britain Herald Newspaper, March 14, 1921, Page 11

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inancial [I'STREET STOCK HANGE REPBRTS Thae week schange with ehanged, heavy spec- welling ~oon hegan, however, forced soma important issues rty With last week's lowest fig- Pressure was most pro- ainst tha oils, steels, rail- dwin and Sears Rocbuck, n Pet. dropped 3 1.4, Fan- an 2 1-4 and General Asphalt nt. Crueidle fell 2, Soars, Roe- n and Union Paoific 1 and 13-4, Tamous Players 11.2, Bteel, S5t. Paul, Reading, Ches- and Ohlo and Baltimore and 2 to 3.¢. Chicago Northwest- 'd. opened 2 3.4 higher, Kelly 11.2, Utah Coppor and Western 1 3-8 and Amer- ng and Ray Copper 1-2 to These gaina were shaded when weakness elsewhere becamo 1 Street, i on the variably stock | etreet close.-—Depression be- more marked in the final hour b Gulf, Reading and Tobhacco tor speclalties leading the r reaction. The closing was s approximated 600,000 shares. York Stock Exchange queta- furnished by Richter & r3 of the w York Stook ge.) Close. 4% 407 26% 122 19% % A8 a7% 20 793 102 1 5 63% 8N TN 4% High. as ELAY Low. 4% 403% 261 121% 19% 8% 82 37y 90 TN 102 1% 63% ETE™ 934 ETEN 8% 3! b5 124 Mfx.. Sugar. otton Ofl.. & Lther. tive hndlt & Reot ag Ref cm jumatra Tol ‘el & Tel. 102 obacco 117% oolen 64 % Cop .. 35% & 80 it & Wt I 41% in Loco LA & Ohilo N ool B ... 65% Rap Tran 12% 'Pacifia A11% Lther Co. 38 & Ohio % Mil & St'P 4% Rk Is1 & 7 24 Coppa . N Cop 20% tel & 6% Gas .... 80 Prds Ret . 0% ble Steol 6% Cane Bug. orn Coal . cott-Johna'n Irom ,NHand | , and West Steel Car Con Cop aker Co Co and Pacific . Prod . ns O . om Pac ... d Fruit od Retall 8t Food Prod Rubber .. Bteely R Steel I"fd B Copper . Car Chem . ys Overiand .. N 167 anig 311, ™ AL STOCK ) ) {Purnished by Richter & Co.) Pid Anked 120 103 Y1 50 185 14 1“0 a% 53 63 J21 Blectrie Light Mthern N ¥ Tel rdware .. mory A tol Hrass . inxy and 'Mmm it's” Arms . | ings which MARKET TODAY | | moving except | be | lllustrated ALLIED-GERMAN ROW IS SERIOUS Heory Clews Regards It as Putting Off snabihzatlon (Speeial to the Herald.) New York. March 14.—A complete breach between the Allies and Ger- many with respect of reparations and the occupation of border terri- tory by France, with a threat to col- loct customs duties and sequestrate them! as well as perhaps to scize part of German exports. have been the significant developments in the reparatio struggle. Our market has persistently refused to regard this breach as anything more than a temporary episode in the game which GermAny has been playing for & reduction of payments. This is shown by the comparative firmaess of exchange and foreign government bonds. The situation, however. s undeniably serious and final adjust- ment on a_workable basis seems to be correspondingly deferred. Tariff and Taxation. President Harding's administration has lost no time in getting to work on pressing economic questions. The president has announced that he will call the extra session of congréss for some date bhetween April 4 and the middle of the month thereafter. and that the leading business to be dealt with will be revision of the tariff and revenue laws. There is still difference of opinion which of these subjects will be assigned the commanding position. There is also difference of opinion ax to the best substitute to be adopted for the present excess profits tax but assurantve is given that the session will not fail to act definitely on the modification of our tax system. Among other subjects of financial importance which it has become plain will certainly receive at- tention are . betterment of railroad conditions beth as to rates and wage relationships, the definite ending of the present condition of war with Germany by the adoption 6f the Knox resolution or some similar measure declaring our belligerency at an end, and probably a bill providing for a definite budget system. All of these factors should be of considerable 1m- porftance in producing a favorable effect upon the general market out- 100k. The Treasury Situation. Secretary Mellon's letter addressed to bankers in which he outlines the treasury position makes a more hopeful showing than had been ox- pected Mr. Mellon believes condi- tions to be fundamentally sound. ife thinks, however, that rigid economy and steady saving will be necessary in order to maintain this satsfactory outlook. Assuming that these req- uisites ean be secured, he forecasts an income tax payment on March 15 which would be sufficient to cover current maturities and interest, or about $600,000,000. With this and the second instalment due about three months later h ebelieves he can cover current requirements and leave a small surplus for the fiscal year. An issue of $400,000,000 of certifi- cates of indebtedness represents loss than the old certifi- cates which are falling due. That investors are now holding from 90 to 85 per cent of all outstanding certifi- cates is a (act stated by the secre- tary of the treasury which clearly fllustrates the success that has been had in eliminating war paper from banks. Banking and Busincss. With a world carryover of cotton estimated at 10,000,000 bales and a stock of grain on the farms on March 1, estimated by the department of agriculture as the largest for many yoars, wheat being 207,500,000 bushels, or 26 per cent, higher than a year ago, it is natural that bank- ing improvement in the farming dis- tricts h been slow. Products have moved as fast as there was any sale for them, but the large output of last year left a surplus which had to be carried at some point, and has in fact been carried on the farms. This ac- ecounts for slownese of liquidation in the interior and affords a reason why banking conditions have not im- proved faster and why the volume of eredit has centinued =0 large. Further readjustment is evidently in progress as indicated by the continu- ous though moderate dropping of wholesale prices with additional re- adjustments in retail prices. 1In these circumstances and with increas- ingly heavy demands from customers which they cannot fully satisfy. the scantiness of investment funds in the market is understand. Rallroads and Industrials. The poor showing of railroad earn- has been made for some time past has continued and operat- ing results for recent weeks will un- doubtedly show on the averags even lower returns than the latest that have been made public. This affords easy to | @ souna basis for wage reductions of varying amounts announced by the Pennsylvania and other roads. It is now recognized that one difficulty lies In the unsatisfactory character of the new rate structure as artificial- Iy established by the government anthorities, which practically pre. vent many heavy materials from under narrowly iimit- conditions Barly revision will necessary Meanwhile railroad share quotations naturally show the Lbad effect of the temporarily unfav. orable conditions. The trend of many corporation annual reports summarizing results for 1920 iy well in the statement of the ed is well calculated to make share- holders nervous. That been a greater outpouring of stocks, particularly at this time, when the London conference has failed to agree upon reparation terms, is rather surprising and can only accounted for by the belief that this week's unfavorable developments are not of a lasting nature, coupled with the knowledge that the amount of stocks carried by Wall street generally has been reduced to small proportions that anything heavy Nquidation is not possible ’ HENRY CLEW TWENTY TEAMS ARE TO such like COMB CITY FOR FUNDS. (Continued from First Trinity Methodist church, urged the men t ohelp the needy and to lend a hand to the organmizations which are helping those who need it. “Tt is a case of safe protection,” said Rev. Dr. Davis, “and we must protect those who are in poverty and perchance as to neglect them Page.) lent work of the Visiting Nurse Asso- ciation and felt that it was the duty of each city to care for its needy. tev. J. Leo Sullivan spoke in high esteem of the work of the Boy Scouts and the Boys’ Club and felt that a great deal of commendation should be extended to the leaders of these organizations and the men in charge. With the vounger generation grow- ing up, proper protection must be granted them and this can properly be done through the channels of these organizations. He also spoke favorably of the Visiting Nurses’ work and the various other welfare ocieties and hoped that New Britain would go over the and subseribe its quota. The foliowing is a list of the vari- out teams organized, and the chair- men: Team No. 1: Corbin Screw corporation, chairman, George E. J. J. McGrath, H. M. Swanson, Conant and J. Corr. Team No. Ruauu & Brwin company, chai man, C. McKenna; Rowland Andrus, L. Neuman and A. Tyson Hancoc Team No. 3: Stanley Rule and Level company, chairman, E. L. Warren: J. E. Stone, E. N. Smith, J. B. Miller and C. H. Fox. Team No. 4, Stanley Works, chairman, R. C. Germond; P. . King, T. A. Wooster, J. F. Connors and F. C. Conlon. Team No. 5: Lan- ders, Frary & Clark, chairman, W, H. Rattenbury; J. N. Kempton, II. A. Johnson and 8. H. Traut and B. Btarr; F. H. E. Meyen. Teamn North & Judd, chairman, P. J. Ward, 8. M. Mec- Cutcheon, W. L. Bell and A. J. Hilde- brand. Team No. 8: P. and F. Cor- bin, chairman; J. B. Comstock, H. M. Brown, M. Culver, Charles Quigley and Robert H. Wilcox. Team No. §: Vulean Iron Works and the American Hosiery, George Bean, William Cul- vert, Dudley Walker, I.. H. Taylor and A. Cross. No. 10: Hart and Cooley, Hart and Hutchinson and The Fafnir Bearing company, chairman, Sidney Montague, E. R. ‘Goodwin, Charles Stanley and Charles Merwin: No. 11: Small plants, chairman, J. 8. North, Paul K. Rogers, A. B. W. A. Kinne and E. & Shjeri- No. 12: Real estate and insur- chairman, Frank Holmes, 1. W. Hatch, Pater Crona. ¥. H. Shields and E. W. Bennett; No. ers, ete., A. A. Mills, . V. Harry Hancock and O. A. No. 14: R. L. Matsin, chairman, Manning. P. F. Stahl. F. Faulkner, and H. M. Guest: No N. 8. Faulkn J. W. Marsland, J. Farley, Leland Pierce and R. Strickland: No. 16: chairman., B Loom Chief William J. Rawling Chief Noble, Willinm Cowlishaw and W. B. Il No. 17: man, A. A Gioes %. M. D. Harry Milkowiiz rorge and Alfred LeWitt; No. 18: E. Reeks, chairman, Dr. John E and Dr eorge H. Dalton No. Chairman, George Macau- ley, C. 8§ Ramsay, F. Fl. Shields, C. W. Upson and August Bergstrom. No. 20. Rotary club. Leon A. Sprague, John W. Lockett, E. J. Porter, Geo. H. Dyson, W. L. Hatch and J. R. An- drews. No. 21, Woman's team: Chair- Howard Pars=ons, Mrs. Mrs. W. H. Mre. George T. Kimball, Mrs. George Guest and Mrs. William Bacon. The next meeting and luncheon of the corporation will be held Wednes- ’dny noon at the same place. top ‘h rlm Travers, J. H. Raymond. Team No. 6: Hine, chairman, Ramsdell and H. No. 7: M. Holmes; F. disease, rvrohnbh' mean the spreading of sick- ness.’ He complimented the excel- A\Y sehora: D T . Bates, It is hoped that the people of efty will respond nobly to this drive !nnd help the workers to go over the top. [hc-ra from the various team captains. BIRTHDAY PARTY Miss Aveline Riley, daughter Mr., and Mrs, J. H. Riley of 101 mont street, entertained a number of friends at her home yesterday alter- noon, the occasion being her ecleventh birthday. Dainties were served and each of the guest coatributed to the afternoon’s entertainmeni. The host- exs i& n pupil at St. Mary's school STORE IS LEASED. Charies N. Leonard. Theodors Herrmann and Philip have taken a five-vear lease on tha first floor of the building at 165 Main street. The yearly rental ia $2,400 pavable in monthly installments $200. The firm will continue to business at that stand under the name Leonard & Herrmann. do there has not be ' firms | would | over- | R. C. Twitchell, ! Por- | Plumb- | chairman, chair- | Saxe, | LewWitt | Rattenbury, | Reports | on the progress of the drive will be | the | er] Herrmann | | RETURN" FROM CONFERENCE | Local Delegates of the Girl Reserve Club of the Y. W. C. A. Hear Inter- esting Talkers at Providence, R. 1. The local delegates to the Girl Re- | serves club sectional' conference held | in Providence, returned to this city | last evening. Miss Agnes Johnston ! was in charge of the group from New | Britain. She reports that over one | hundred and sixty girls from fifteen ! high school girls clubs were the guest ; 0of the Providence Y. W. (. A. Re- j serve club. Miss Johnston is « rI's work sec- { retary of the Y. W. C. A. and has had several years experience in this line. After completing the course i the Y. W. €. A. work at the National Train- ! ing school in 1919, Miss Johnston was Grl's work secretary of the Pasadena, ‘alifornia High school Reserve club. | This is the oldest Girl Reserve club on the I'acific coast. Miss arol }'\\ hittimore of this city was the song | «weader of the group. Mildred Peck | wrote the song which was entered into the song contest by the New Britain wirls. Miss Helen { local club, Dixon. president of the spoke at the conference on “An Al Around Girl Reserve and what she should stand for.” Agnes Diehl and Edna Olson also attended the vonference as representatives of | the High school Girl Scouts. The Gi,rls’ Reserve is me high school girls ‘branch of the Y. C. A. and has as its object to promote Christian citi- zenship in the home. CONFESSES T0 MURDER Perth Amboy, N. J., March 14.— George Washington Knight, negro, 22, today confessed he attacked Mrs, Edith Wilson church organist. who murdered near her home Satura night, accord to the police. COMMITTEES NAMED New Britain Committee for Relief of Ireland Has Appointed Men to Aid in Drive to Be Inaugurated Soon. i At the meeting of the New Britain committee for the Relief of Ireland this #vening, Lawyer Delaney of New London. will explain the work re- quired to make the coming drive a success. Mrs. M. T. Creap, district chairman and Martin Kelly, the city chairman, has announced the following committees to serve. O. F. Curtis, mayor of city; A. Quigley, Morris D. Saxe. M. Paones: Anton Charles Muller. John §. The general committee sist of the clergy of all denominations in the city, one member from each assaciation and from the various societies and organizations. If there are any from local organiza- tions, etc.. who wish to he repre sented they are asked to leave their names at the headquarters for Relief of Ireland, at 319 Main street, which will Rev. George Angelo morning. is treasurer. be opened tomorrow Patrick Daly TO WAR ON SNARING. Game Wardens Threaten to Make It Unpleagant for Law Violators. The practice of snartng which is re- ported to be indulged in by some hunt- ers, must ceaxe. This is the nature of edict from Game Warden Willlam Smyrk. In the recent session of the superior couit, there were two cases of thisx sort to come up for trial, but the accused men paid the fines imposed in the lower court and vacated their ippeal The Harrie Brainerd of Col- W. N. House of Haddam rounded up by Game Warden Smyrk and Charles Alihous® on December T8, at Rocky Hill. In the town court of that place they were eacn essed §2. nd costs amounting to cach. Besides the fine the men lose ir hunters' licenses for a period of lwo years, according to Warden Smyrk. ~R,evmon Commlttee to Hold Session Tonight The principal matters to come up for consideration at tonight’s meeting of the charter revision committee are the proposed changes in the form of city meeting and the proposition of pensioning policemen disabled in the performance of their daties. Other maitters to be reported to the council { Wednesday will be discussed. men. cheste d Neck, were CONCERT FOR IRISH A concert and ball will be given under the auspices of the Commodore | John Barry Council. A.'A. R. 1. R. for ithe benefit of the homeless and destitute people of the Irish Kepublic, at Turner hall. Arch street next Thursday evening, March 1921, | 'he. music will be furnished by Lynch's orchestra. Tickets can be sc- cured from members. ODGE MEF . Alexandra lodge. No. 24, 1. O. Daughters of St. George, will hold its regular business meeting Wednesday | evening in Turner hall. A class Dfi four candidates will be initiated after ) which a social will be heid. On Thurs- day afternoon the members will be en- A4 at the home of Mrs. Clifford f 47 Winthrop street. MUSIC AT HOSPITAL. | The attaches of the New | General hospital received a | surprise toda when a new { machine arrived at the hospital. From the information secured. some un- known person in purchasing a ticket {for a drnwm( rrrentlv wrote the Britain pleasant Vietrola SAYS MORMONS CALL CHRIST POLYGAMIST (Continued from First Page.) Mormon hushand, she said was their teaching, could be called to the king- dom. ‘lders in Audience. The speaker =aid that there were Mormon elders in the audicnce at the moment; that she would be able to pick them out as she had been able to pick Mormons out of the after- noon meeting: that every word she said would be reported to Mormon headquarters. She declared that the command of President [IHeber J. Grant of the Mormon church was the law of the Mormons. Mrs. Shepard recounted the inci- dent of Joseph Smith, the Mormon prophet, when he was called to Washington to testify in an investi- zation regarding the Mormons. She asserted that he had sald he lived with four women who werc his wives, that he would continue to do so and that he would take his chances with the law. The spehker declarcd that Senator Smoot was in reality an ambassador from a kingdom within the United States to the United States: that noth- ing or no one could make him tell the secrets of the church other than its president, Heber J. Grant. Take Tithes. Mrs. Shepard declared that mem- bers of the Mormon church were obliged to give a tenth of their in- comes to the church if commanded so to do by its president. She gave an interesting description of the eat Salt Lake an hundred miles long and fifty miles \\'ide. twenty-five per cent of which is §he stated that the Mormons own»d lh\i lake; that it cost them 65 cents a ton to prepare the salt therefrom and that they sold it for about §9 a ton after shipment. he asserted that so strong were the arms of the church that its power already reached into all parts of the country. Harding Gives Hearing. Mrs. Shepard told of her speaking in President Harding's church and of her interview with him the following day. She said President Harding had remarked that there was a law against polygamy but that she had corrected him. There is a law against the practice to cover the territories of the United States, passed while Utah was stilk a territory, -was her comment. She said that she gnd oth- ers are now working for a constitu- tional amendment to forbid plural marriages in this country._ Polygamy. The speaker stated that while open polygamy had been suspended by members of this church, women were still “sealed” to mean: that they and their children are accepted in the best society in Salt Lake Ci but that owing to the necessity of de- fending |he church, women refused to state who was the father of such children. As an instance she cited the case of one woman who had been called to Washington to testify. and who had replied “I don't know™ to a question as to her child’s father. Subsequentl; said Mrs. hepard. a Mormon court had awarded that woman a share of the estate of the recognized father of the child. Thus, she stated. polygamy Wwas stamped out only officially but that members of the church recognized the practice. The audicnce was visibly shocked and impressed by the speaker’'s warn- ing against what she termed the Mor- mon Menace. Mrs. Shepard is the only woman out of forty speakers sent out by the National Reform association. MRS. SHEPARD WRONG SAY MORMON ELDERS Young ldaho and Utah Men Declare Church Has Stopped Polygamy. who lectured on the Metho- Mrs. T, 1. Shepard ““The Morinon Menac church evening, statements at dist last muade erron- concerning the Mor- seried T Harvey’ eous mon Nielson Elders of the Mormon church that Mrs. the Mormon Theology ' when she gave her authority for the alleged Mormon teaching that Jesus Christ married three wives and lived to sce his children. These young men, hailing from Idaho and Utah respectively, declare that they are two of 3,000 young Monmons who traveling about the country prosclyting for that church. They say that the church pays nonc of their ex- penses and gives them no salaries. Their Mormon fathers, they say, pay their way. They spent two three months in this city, making a housc-to- house canvass recently, at which time they distributed tracts. crted by them that Mormons who I e married more than one wo- man openly have been excommunicated from the church, but that Mormons who had more than one wife before the “‘manifesto’” against polygamy, had been allowed under the law to support their several wives and familie: Their explanation of the plural mar- riage is that if a man marries on earth, after his wife died, he will have more than one wife in Heaven. teachings Sherman and J. Stringham, today. They declared Shepard did “Key to not read from SAMLOW IN TOW ldward Samlow, a former local boy Member New York Stock Exchange 31 WEST MAIN STREET, NEW BRITAIN STANLEY R. EDDY, Mgr. We have buying Orders for New B % Machine Common. JOHN P. KEOGH Member Consolidated Stock Exchange of New York. STOCKS BONDS ' Direct Private Wite New York to Boston. G. F. GROFF, Mgr.—Room 509, N. B. Nat'l Lank Blg. L L. JUDD ¥. G. JUDD W. T. JUDD & CO 23 WEST MAIN ST., NEW BRITAIN, CONNE(TICU Investments, Local Stocks / Telephones, 121 We Offer: AMERICAN PAPER GOODS preferred - to yield 6.95. @homson, Tfienn & & NEW BRITAIN NATIONAL BANK BUI 10 CENTRAL ROW, HARTFORD, CON: DONALD R. HART, Mgr. System ——Part of our System on stocks and bouds that In some cases wo can even thousunds of dollurs ———1If yvou have any securities that vou are uncertain of, you immediately upon their probable future. \ of Service consists in looking up infy are inactive or have declined for any make suggestions that will save hum let 4 CITY ITEMS ¥ “Bright —adv Mrs. Tomanovich of S0 Clark street yesterday reported to the police that a fur coat valued at $400 had been stolen ! from her home. The ‘U (. G. E Britain will hold ing tonight. The American Hardware company has changed its dividend from «quar- terly 1o semi-annually It is claimed | that this is being done 1o reduce overhead expenses. > Vietrolas and records. Henry Morans' —advt. Thieves foreed ——— France Turns Bac] Clocks At 1 rch 14.—F) ter upon summer time a night when the clocks vanced one hour. The will end on October \u.lor. at Morans'. Paris, DRIVE 0. 880 their of regular New | meet. | NAME CO; Men Prominent in Polif Will | Announcément has b the following commit! the lIrish Relief drive this city from March 1 tin J. Kelly. M M into the | S i new Camp school on I'rospect street | 11¢V. Patrick Daly, Mg Curtis, ex-Mayor Geo Saturday night. Several tool chests | were broken and some of the contents ' lAWYer M. D. Saxe, Al IPaone: Anton Ciesc are missing. p el Muller and John Con mecting in the Y. M. ported to the po s small bank containing cioty Ball venishi, J been stolen from her be: selected. All Victor Products, —aavt. Charle: S Miller of a concert ness Life an entrance Beaver street today that a about §16 had home. Henry re- Morans' SR . Sa s GIVEN SURPRIS] surprise, Miller, son of Baker 1 Hartford at Wanamakers hall Philadelphia. recently. The concert | was arranged by Philadelphia society | wonien for charity. Mr. Miller ix | stndying the violin in Philadelphia. | 1¢ The Holy Famiiy Circle of St. Mary's { (able. church will hold a whist party at the | <ard Y. M. T. A. & B. socieyy hall at 2:30 | Was furnished o'lock tomorrow afternoon. There will | 4a%z band. be a musical program and refreshments | will vved. Ten prizes will be awarded to the winners at whist. Sophic Ligela. ared 12 years of 104 Daly avenue, was admitted 1o the New Britain General hospital with a frac- tured hip The management of the Y. W. (. A. has completed plans whereby two reels of' films depicting the confer- ence and camp activities of the AV Y C irls will be shown at the lycoum during the matinces on Mon- day and Tuecsday. Fireman Harry called the bed at Bethlehem, Pa., critically ill. Mrs. George W. Corbin, Mrs. Chas. P. Mcrwin, Miss Constance Corbin and Miss Georgia Parker are expected home today from Atlantic City where 4 they have been spending the past weck at the Chalfonte. There will be a meeting of the Muricl McSwiney club at St. Mary's school hall tonight at 7:30 o’'clock. All members are requested to attend. “I Never Knew,” Victor, at Morans'. advt. Mr. and venue, Winsted, honor of his | presented wil The evening playing and by is was di Be be Squires has been de of his mother where she s 10 Soldiers to Discuss Service Bureau Need Mayor Orson F. Curtis will meet with a committee representing the lo- cal servicemen's posts tomorrow even-

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