New Britain Herald Newspaper, March 26, 1921, Page 11

ted Fruit .. 104 Inited Retail St U 8 Food prod 2 U S Indus Alco. 69 B UV S Rubber Co. 737 U S Steel 823 S Steel pfd. . 1003 ah Copper ... 48% a Car Chem 30% Willys Overland, §% LOCAL STOCK MARKET TODAY (Furnished by Richter & Co.) Rid Asked 120 123 106 108 140 145 90 180 20 mo v.!'v 73% 823% 109% 4T% 30% 815 HYd Elec Light Bouthern N E Am Hardware |Am Hoslery Am Brass Bristol Brass Billings and \ponu‘l -} Colt's Arms KEagle Lock .. Landers, ¥ .nd ¢ N B Machine Wiles-Be-Pond com North and Judd . ... Peck, Stow and “ikox Stanley Works Standard Screw com cavill MTg Co ut and IHine nion Mfg Co Tel IHERS HUST WGRK That They Benefits m Officinls Declare Have Funds o - Strikers, 1 i pirminglan, AJa., March 20.—Union, conl miners were warned in an official ‘:‘ statement issued today by Van L. Bitt- No to" Pay ner, international reprementative, that they must immediately secure work in order to. take earc of themselves and. | thelv families, as the union benefits will cease after the week onding April 9, Mr. Bittner's statement to the miners follows “*All men shall immedintely apply for work and get work in and around the mines as it will be impossible for the organization to continne to feed you after the week ending April 9, 1921, ¥hig Is the actian of fhe infernational executive board apd is final, - Thou- nds of miners throughout the country idie and will recetve no relfef what- ever from the organization. In gl other strikes relief has been paid, for only one week after the strike has been called off but in Alabama you will re- telve relief for threé¢ weeks after the governor's decigion has been rendered and seven weeks after the strike has. been called oft." v PLANS l-‘lR SMOKER. A Ihwl win I'rcahla. at Mceeting When D, N, Casey Will Discuss Olvic Affairs. Feeling that the importance of the taple to be discussed at the “Citi- @ens’ Smoker,” to be given by the Chamber of Commerce next Tuesday evening in Turner Hall fully warrants the action the lacal chamber has token particular pains te invite the city fathers to attend the meeting and to hear Daniel N. Casey speak upen lc matter: Tho speaker will ap- pear in IHartford before 'the ' State Chamber of Commerce Tuesday aft- ernoon and will then proceed to New Britain, President A. Buel nr the chamber 1l open the meeting and preside. Bev., John L., Davis, pastor of the Trinity Methodist church will speak rPr.cufln- Mr. Casey. JITY'S LOT SOLD. l Mayor O. F. Curtis signed a deed j this morning for the transfer of a rbundlnz lot on Market street to the Central Realty companpy.. The lot was sold for $150 following its con- demnation by the tax collector in leu Of back taxes owed to the city. b GONGRESS TO TURN T0 FISCAL AFFAIRS Condition of Country to Receive Attemxon First M1 to The Herald.) 26.—Definite an- Spec ' New York, March | nouncemént has now been made of | the programme for the new sassion . of congress which is to assemble on {April 11, The emergency tariff question will be first considered, fol- | lowed by the adoption of a biil | calling for' the establishment of a system for the American valuation of ! imported commodities and a so-called } “anti-dumping” measure. Affler |thesa laws Wwill come the beginning of work -on-a plan previding for a | permianent tariff law. Meéantime the “Sgnate Finance commmittee will start, its hearings relative to the amend- ment of internal revenue legislation, inciuding the. income tax. and the excess profits tax. The programme shows that the fiscal and industrial vondition of the country is to have | primary attention and good . results are hoped, though the rank and file ‘o( the busingss community would un- deubtedly -prefer —.to _see taxation given the foremost place in the ses- sipn’s ‘programme. There js_little_or no indication at present of a settlement with the Gerthand Chat wHT pefinit- conimer- iual felaliofiships 1o be resumed upon & . satisfactory . Allied 'fmfl have penetrated deeper into Ilh‘rmh territory and are now oc- ‘cupyin “imporiant area nian .oceupation of Silesia has been confirmed by the plebiscite taken on March 321, and to the extent the ecoenomic position of the Germans is proteeted. This eventually should prove a factor tending to assist the sottlement of the pending difficulfies. TV appliction ©of the Soviet govern- mgnt for a trade axreement with us max-lead {o some arrangement like that entered into by Great Britain with Russia. . Railrond Pmblem l’ The week's developments in the rallroad situation’ have produced testimgny on the part of the trans- portation managers, showing that their net earnings, #ir consequence of a redugtion in freight volume amount- ing an some linek ¢o 30 per ceut, have..fallen. to g figure less than 1 per cent of the capital valuation. At the sameé time it has appeared that ‘the roads find it impossible to Keep up the agreements as to hours of labor and division of employments anade doring the war, agnd that if these should be continued there will be a great diversion of business to the ‘equipment companies in order to reduyce the cost of the repairs under the present systeh. The plan for a semi-government guarantee of the interest on railroad securities of- fered on behalf of the owners of such securities has mnot attracted much serfous attemtion in view of he belief that it amounts to. a re- quest for government intervention on the side of the owners of the re- curities, while thesc responsible fcr it apparently take issue with the of- fort to pet an equitubly revised sys- tem of agreements with labor. pressions on the Lart of some lea:l ing railroad mnnage.s as to rramic conditions have be«n encouraging because of the cpraion expresssd by iphem thut the grrier has Leen turned” in railroud depression and that there is ground te cxpect an " proving condition ot revenue from this time enward, Basiness Cenditions. Although it I <ifleult to a exact evidence Ifuvr uny opinion the subject it would seem that chere basis. \gnln? » 'ovcrlookmg a real oppo e from your surplus fu "y i uest we will mail you a list of Investigated and which are recomm ~~all offer attractive income with a Easter Greetings To All Our Friends New Britain Trust Co. Open Tonight 7 to 9 o’clock important improv business condi- that the roads in accepted a is a slight but ment -in the trend-of tions. Announcement marine employes of the New. York hanbor have wage laboring classes see the necessity wage reduction If business is to get started again, especially now that the cost of living is steadily growing less. During the past week there has continued to be better tendency in textiles than dur- ing the weeks immediately preceding while there h: also been perceptible advance in the demand for auto- mobiles, shoes and leather and other manufactures in common use. has been a general prevalence favorable weather conditions in the agricultural regions with good acr age devoted to the various products but with a wholesome disposition in the wcotton and other regions to duce the excessive acreage was culivated during the season 1920. The carryover from last is shown by current figures to even larger in cotton and grain t had been expected, and this tend to held down agricultural prices for months to come. Little aid is expected by imtdlligent from the proposal to put through congress a tariff bill tantamount to an embargo on staple farm prmluf:ls.: Unemployment although still exten- sive in many industries is yielding to some extent in those lines where de- mand is reviving while retail de- mand has on the whole maintained itself unexpectedly well. Bank Rates and Reserves. While there has been a -definite reduction in the during the week by about one-half of 1 per cent, the general conditions in the market have continued not far from the same as heretofore. reserve system rose slightly, reaching 51 per cent as against 43.5 a year agp. This is a favorable development and is cut tends to the belief that the | of | a distinctly | There | of * which | of | year | observers | charge for call money | The | ratio of the Federal reserve, strengthened by the continuous de- !ecline in the amount of funds re- quired for interreserve bank redis- i counting. The latter is now down to {a low level and the fair inference to be drawn from the situation is that there has been a distinct. growth in ;lhe ability of the several parts of the country to provide for their own cur- rent necessities. - Meanwhile exchange ;despite the discouraging German sit- {uation has maintained itself firmly. | The expectation of many British ob- servers that a cut in the rates at the Bank of England will be initiated early in the coming month continues to be stated in positive terms. Market Review and Outlook. The week had been a period of larger trading but with good de- mand for a number of the specialties which have tended to work higher levels. Investment support from the outside public has somewhat lacking and while the dertone is still encouraging it can hardly be expected that the general | public will show sufficient courage { to make purchases on a liberal scale until more progress has been made !in setting the wage question of the ilroads and in other directions. Still the outlook encouraging., and while yat times may display a tude, due profit taking sales, ‘ indications for higher levels, | based in a many | merit. } HEN | i halting atti- to are great VRY CLEWS. WEATHER REPORT | Unsettled Tonight, With Showers Probably w Haven. Mar Haven and vicini er probably with tonight and Sunda For Connecticut: Unsettled er with probably showers tonight and Sunday; warmer in interior to- i night; fresh southerly winds. Weather conditions. Light Local Tomorrow. .—For Ne llght local showers toward | been | an- is decidedly more ' the market | the | instances on Unsettled weath- | weath- | RICHTER & Member New York Stock Exchangs 31 WEST MAIN STREET, NEW BRITAIN ca STANLEY R. EDDY, Mgr. 10 SHARES NEW BRITAIN NATIONAL BA COMMERCIAL TRUST RIGHTS F. G. JUDD W. T. SLOPEI] JUDD & CO. \ 23 WEST MAIN ST., NEW BRITAIN, CONNEIICUT Investments, Local Stocks Telephones, 1815, 1312 We Offer and Recommend; COLT PATENT FIRE ARMS STOCK JOHN P. KEOGH Member Consolidated Stock Exchange of New York. -STOCKS BONDS Direct Private Wire New York to Boston. G. F. GROFF, Mgr.—Room 3509, N. B. Nat'l Gank Bldg.—Tel. 1012 Thomson, e & Co. NEW BRITAIN NATIONAL BANK BUILDING 0 CENTRAL now. HARTFORD, CONN. DONALD n. HART, ) TEL_ We Offer Whitlock Coil Pipe Co. at a price to yield 10% e 2580—2581 The Hartford-Connecticut Trust Corapany Corner Main and Pearl Streets, Hartford, Co Capital $1,250,000. Su-plus Funds, $2,000,000.00 bafe Deposit Boxes, $5 and upwards, Settlement of Estates, Wills drawn without charge l' oreign Exchange to 2il' parts of the world. LETTERS OF CREDIT GENERAL BANKING, Bank by mail. It issafe and saves time. T e ARE RETREATING A well defined disturbance central TURKS this morning over western Kansas is causing unsettled showery weather in the western and central districts. ! Pleawsant weather continues fn the | southern sections. The temperature is mild in all sections east of the Mississippi river but falling be- tween the Mississippi river and the ! Rocky mountains. It is below { freezing in Montana and North Da- kota and below zero in northern Canada. i | Conditions favor for { unsettled weather with ature and occasional ! i { Mustapha Kemal Pasha, Natiol Leader, Arrives to Take Comm: March 26. (B Associated )—Mutapha Pasha, the Turkish nationalist has arrived in -Shehr, one g objectives of the Greek offensi’ cording to advices here today. A nationalist official statemeng Thursday states that the na forces are retreating on the front. Constantinople, Pre: this civinity mild temper- light showers. The .Condition € to the:€omptroller of the Currency each year at idefit or Cashier, attested to by at least three Di- in the city where the bank is located. il, and other matters pertaimng to the bank’s con- ports have occasioried the bringing of charges by tbanks for illegal banking p.ractlces and the . g~ keep its hands clean, as the date for the nor is the nature of the lnt}mgafions national banking system, thh’way of the safeguards have beer‘lf,my’ded by the tional banks. Annd_ its relation to