New Britain Herald Newspaper, May 7, 1921, Page 11

&inancial ALL STREET STOCK EXCHANGE REPORTS Wall Street, Further profit taking d renewal of bearish pressure ainst more speculative shares made r extremely Irregular conditions in da stock market. The issues of ent strength such as steels, oils, otors and related shares were un- rtain or heavy. Some of the rails, rticularly coalers, showed firmness ut trading in that quarter was con- Acted. The few elements of strength pmprised minor coppers and other tal stocks, United States Realty 4 California Petroleum. The clos- bz was heavy. Sales approximated 5,000 shares. | (New York Stock Exchan lous “urnished by Richter embers of the New York changed. - High ~halmers Mfg 38% Sugar .. 41 n . 81% m Cotton Ol .... 21y m Smelt and Ref 42 m Sug and Ref .. 01% m Sumatra Tob . T1% m Tol and Tel ..10815 m Tob m Woolen naconda Cop .. teh T and 8 F .. t Guif and West I dwin Loco . . It and Ohlo eth Steel B . kin Rap Trans an Pac . nt Leath Co o8 and Ohio ... I Mil and St P 28% | Rk Isl and P .. jhite Cop ine Cop .... ol Fuel and 1 on Gas . orn Prod Ref .. ucible Steel .... jubs Cane Bugar . 21% H orn Coal | quota~ gl . brie 1st ptd . jpston W and fen Elec jlen Motors t Mer Mar .... Mer Mar pfd . t Nickel t Paper .. elly Spring Tire . ennecott Cop ck Steel high Valley . axwell Mot ... ex Petroleum ftidvale Steel .. Jiss Pac .. it Lead .... Y Alr Brake Y Central ..... Y, NHand H . jorf and West ... orth Pac . an Am P and T A R R Arrow L A55% 204 in Oll Ref loss-8 8 and I . outh Puac outh Rail udebaker Co .. xas Co Koxas and Pac 'ob Prod 'rans Ol Unlon Pac . Inited Mruit nited Retall St 8 Foed Pred J 8 Indus Aleo . i 120 RETIEH .. B8% J & Steel pfd . ftah Cop Ya Car Chem Villy Overland . D. OF C. SOCIAD. last social event to ba given the rame of the Daughters” of ilo will be held at the Tabs' hall ext Tuesday evening in the form of whist and dance. charge is Catherine O'Leary, olla Daly, Margaret Burns, Sadle Birace, Mrs. Campbell, Mrs. O'Brien, frs. Erwin, Mrs. Bonefant, Mrs. tark, Mrs. MacNamara, Mrs. Cleve- nd, Mrs, Hallinan and Mrs. French. ELKS’ GRILL Open to the Public fHonrts of Colery Sweet Gherkins Cream of Celery, Consomme Princess loast Young Turkey Giblet Sauce Bacon Dressing Cranberry Sauce oast Loin of Beef and Dish Gravy neapple ¥Fritter Fruit Sauce Mashed Potatoes Botled Potatoes Golden Rod String Beans Combination Salad Home Made Ple or Tee Orcam and Cake Demi-Tasse LOCAL STOCK MARKET TODAY (Furnished by Richter & Co. Bid Asked tess..132 138 .107 111 136 140 20 176 Hfd Elec Light . Southern N E Tel .. Am Hardware . Am Hoslery Am Brass Bristol Brass Billings and Spencer Colt's Arms Eagle Lock Landers, F and C . N B Machine Niles-Be-Pond com North and Judd .... Peck, Stow & Wilcox .. Stanley Works ... Standard Screw com Scovill Mfg Co .. Traut and Hine Union Mfg Co . . ITALIAN CIVIC ASSN. Meeting Held at Grammar School Last Evening for Purpose of Forming Organization—>50 Members Recetved Nearly 200 Itallans gathered last evening at the Grammar School hall from the different Italian societies in the city to perfect the formation of the new Italian Civic Association of New Britain. A group of 20 Italian 42 | leaders under the direction of Mr. Sposato, who has been organizing for the past week, was called for a dis- cussion of the purposes of the asso ciation. The meecting was called to order at 8 o'clock by Chairman Sposato. The following speakers were called upon: L. A. Sprague, who spoke on the ad- vantages of such an association to those who desired to join courses for the study of English and the emi- grant of being American citizens; N. Rago, secretary to Mayor Brainard of Hartford, spoke at length on the necessity of all Malians in the city joining and making a clvic associa- tion, which would reflect credit upon the Ralian population of New Britale. Mr. Russo, editor of the “Italia Nuova™ of Middletown, gave a talk urging the men to become members and to become American citizens. Dr. Avitabile was also a speaker. Similar eorganizatons have been formed in other parts of the state and one is contemplated in Hartford. Meetings will be held regularly for the social and educational benefit of the Itallan members. Nearly fifty new members were signed up last night. The three principal objects of the as- sociation are to teach English to those who do not understand the lan- guage, to teach the Itallan language to the younger members, and to en- courage citizenship for every Italian in New Britain. AT EASTON, PA. four Local Women Attending Me- All Mission Auxiliary Thirty-Eighth National Convention in Penn. Mrs. H. C. M. Thomson, Miss Cor- nella Chamberiain, Miss Mary Whit- tlesey and Miss Frances Whittlesey, of this city, are attending as dele- gates from the New Britain McAll Auxillary, the . Thirty-eight Annual Meeting of the American McAll as- sociation now being held at Easton, Pa. put fiftten minutes were required to raise $15,000 for the completion of the foyer at St. Quentin, at one of the morning meetings. writes Miss Frances Whittlesey from Eas- ton, so great is the enthustasm dis- played over the work of the mission in France. The, opening session of the meet- ing s presided over by Mrs. Frank B. Kelley, president of the associa- tion, who spoke In New Britain recently. Of eogpedial interest was the address of Dr. Harry E. Fosdick, D. D. pastor of the First Presby- NEW BRITAIN DAILY HERALD, SATURDAY, MAY 7, 1921 WEEK'S REVIEW IMMEDIATE OUTLOOK Henry Clews, New York Finanoial Expert, Gives His Opinions (Special to The Herald.) New York, May 7.—Definite prep- arations for the adwance of Allied troops into Germany have been fol- lowed by a short-term noxification to the Berlin government that it must accede to the basis of settle- | ment already outlined by the Adlies or else prepare for the utmost penalty. As for our own part in the situation, Secretary Hughes' positive refusal to act as mediator and his criticism of the German terms as unsatisfactory has destroyed the last hope of relying upon the intervention of the Unitea States to mitigate Allied demands. that under these circumstances sterl- ing exchange has continued its ad- vance to a point near $4 shows the confidence that is entertained by the | business world in the eventual ac- ceptance by Germany of an ade- quate adjustment plan. It dent that the Germans are on the eve of submitting new terms which it is believed will be good enough to recelve serlous consideration at the hands of the Allies. Prices and Readjustment. A further definite step in the pro- cess of readjustment has been taken by the United States Steel corpora- tion in making a reduction of wages estimated to amount to about 20 per cent. As a matter of fact, the cut is very small considering that wages during the war period were raised anywhere from 130 to 180 per cent; nevertheless, the reduction fig re- garded hopefully, as it cannot fail to have an important effect upon the mind of employes generally. In- dexes show still further reductions of price level during April, although | the downward movement has evi- dently been arrested and the aver- age reductions which are now report- ed are largely the outcome of the process of “eveming up.” There is still a large gap between wholesale and retail prices in many commodi- ties, and the Federal Reserve board in its monthly statement on busi- ness conditions ascribes the present retardation of teadjustment chiefly to this very cause. Improvement in railroad operating figures as well as in railroad incomes continues to be in evidence. An encouraging piece of news is the announcement that more than 75 per cent of workers on the short line railroads have ac- cepted the reductions ordered) It may be taken for granted that labor in every branch of trade will before long do likewise. Market Review and Outlook. The market during the past weeck has been active and strong with prices advancing during most of the time and an unusually large turn- over has resulted. There has been very satisfactory strength in prac- tically the entire list. In’the rails this has been Jargely due to the well confirmed belief that economies to be fIntroduced, including wage re- ductions, will enable the roads soon to make a much better showing, par- ticularly mow that the outlook for business is so much more encourag- ing. The fact that railread stocks have again been taken in hand and that some of the low-priced shares are once more lsoming to the front is calculated to do much in restoring confidence in the market, as they are always favorites with the public. HENRY CLEWS. WORD CONTEST CLOSES. The word contest conducted by the Palace theater, in comjunction with the world’s greatest picture ‘‘Passion” came to a clasc this morning at 10 a. m. and the fellowing awards were made. First prize went to Miss Rea The fact | is evi-| 'BRISK WEEK NOTED N BUILDING TRADE ! Thirty-five Mm Issued by Inspector The building report for the week ending May 7 is as follows:— ! Albert Johnson, 36 Sunrise avenue, | frame coop, $35.00; Prospero Franch- | inio, 492 Allen street, frame dwelling, 1 $10,000; Joseph Woginck, 191 Flor- ence street, frame dwelling, $5,400; | Wexler and Goldberg, 7 Lafayette street, remodel store, $4,000; John A. Johnson, 151 Dwight street, altera- tions, $500; A. D. Lipman, 151 Wash- ington street, brick garage, $800; D. C. Judd company, 91 Arch street, re- pairs, $300; Charles Oldershaw, 83 Vine street, re-roof, $500; Frank Brunstein, 110 Greenwood street, re- pairs, $100; Henry Blakely, 118 Fair- view strcet, repair steps, $25.00; Frank Kloskowski, 379 High street, frame garage, $125; Angelo Buc- ckieri, 96 Winter street, re-roof $25.00; L. H, Sharman, 154 Fair- view street, frame garage, $500; Carmine D'Agostino, 145 Daly avenue, tool house, $50.00; William Sternberg, East street, frame storage and | 37 l l 382 garage, $700; S. Cendrowski, Horace street, frame garage, $300; City Coal and Wood Co., 143 Elm street, brick store house, $500; J. B. Parsons, 21 Parkmore street, repairs, | $35.00; Nicholas Scapellatti, 140 | Hunter road, frame dwelling, $6,000; Nicholas Scapellatti, 8 Sterling street, frame dwelling, $6,000; Nicholas Scapellatti, 12 Sterling street, frame dwelling, $6,000: Nicholas Scapellatti, 16 Sterling, street, frame dwelling, $6,000; Louis Prele, 97 Greenwood street, chicken coop addition, $30.00; Ernest Franchini, 413 Allen street, frame dwelling, $6,000; James G. Williams, 1654 Stanley sfreet, frame coop, $25.00; Joseph Walker, West Main street, frame dwelling, $5,000; J, Sunthwich, 699 Stanley street, brick garage, $600:; People’s Church of Christ, Court street, remodel, $200; P. Crona, 122 Main street, brick office, $1,000; Axel Nelson, 270-272 Corbin avenue, frame dwelling, $10,- 000; Hilda Peterson, Andrews street, frame dweling $5,000 Patrick Ahearn, 37 Franklin square, brock garage $500; S. Nogice, 139 Beaver street, addition, $500; Hyman Horwitz, 90 Church street, brick toilet, $200; S. Shurberg, 451 Main street, metal sign, $200; Total, $77,150. TONIGHT AT FAIR Novelty Entertainment of Many Laughs Will Be Presented A novelty entertainment will be]| presented tonight at the K. of C. fair in the State Armory, the program to commence at 8:15 o'clock. Crowds | have been flocking to the armory all| week and it is expected that tonight's | attendance will be equally as large. The fair will come to a close Mon- day evening with the awarding of~ cash prizes. A program of enter- talnment will be provided and danc- ing will be enjoyed the same as on other evenings of the fair. NEW BRI ORGANIZ ‘the city’s prettiest baby. (TY ITEMS. Records for Mother’s day at Morans —advt. Joseph Saliski was arrested today by Patrolman William O'Mara on a drunkenness charge. May Victor records Pierce’s.—advt. Joseph C. Andrews is recovering from an operation for appendicitis at the New Britain General hospital. Special discounts on Cornets, Trom- bones, Saxophones, Pianos at Pierce’s. —advt. Mrs. William Frey of 232 Chest- nut street left yesterday afternoon are here. from Bridgeport where she has been ! called because of the illness of her father who is reported to be in a serious condition. Hazel Egan of 50 Clark street is spending the month of May in Rich- ) mond, Virginia. The Dodger A. C. the Federal A. C. of Rockville ' in that town tomorrow afternoon. The local players and fans will leave at 12:30 o'clock from the corner of North and Beaver streets. Victrolas, records at advt. Miss Valerie Radil of San Francis- co, formerly of this city, is the guest of Mr. and Mrs. John Radil of 34 Liberty street. Miss Alice Beh of 42 Liberty street is visiting Miss Dolly Hubbard of Higganum. Mr. and Mrs. Sherwood of New- ington entertained Thursday evening in honor of Miss Valerie Radil of San Francisco. Emil Jacoby of Higganum visited relatives in town yesterday. The regular meeting of the Unity Rebekah lodge will be held Tuesday evening, May 10 at 8 o’clock. A large class of candidates will be initiated and all members who are in the tableaux are asked to report at 6:30 o’clock, The Girl Reserves will hold a Mother’s Day vesper service tomor- row afternoon at 4:30 o’clock in the Y. W. C. A. The public is cordially invited. Lawyer David L. Nair was notified by tag, to be in police court Monday morning for parking his automobile in the restricted district longer than the required time. Traffic Supervisor” Clarence Lamphere did the tagging. A. Halpern has purchased the stock at the store of Stanley Juuniewicz at 22 Orange street, at an auction con- ducted by Constable George A. Stark vyesterday afternoon. The sale brought $260. ) A daughter was born today at the New Britain General hospital to Mr. and Mrs. Frank McMahon of 123 Cherry street. C. L. Pierce & Co. have received the May Vietor records.—fadvt. At the K. of C. fair tonight, Miss Madden will introduce “Little Blue Eved Baby,” composed by her brother ¥Edward Madden. Billie Ziegler will give a baton swinging exhibition. Those selected home sites at Elm Hill Terrace and Morningside are be- ing: rapidly taken up. Free drawing of beautiful presents Sunday after- noon. The Bodwell Realty Co.—advt. Pierce’s.— WINS PRETTY BABY PRIZF. Myrtle Elsie Buechner, the daugh- ter of Mr. and Mrs. William Beuch- ner of 23 Rockwell avenue, was the winner of the $5 gold prize awarded ‘at the Lyceum theater Thursday. for Little Myr- tle posed for the movies Thursday night as an added honor. TAIN NATIONAL BANK ER 1860 UNITED STATES GOVERNMENT CERTIFICATE OF INDEBTEDNESS $500 and $1 Due June 15, ,000. July 15. Aug. 16, Sept. 15, Oct. 15, 1921 and March 135. 1922, FOR SALE AT THE MARKET TO YIELD APPROXIMATELY terian ¢hurch of New York, and the-| Zimmerman of 71 Vine street, second | talk im the French language given by Rev. Henru Geux, of Paris. ———— ] “BOOLERS" ARE ACTIVE r—o—— Mueh Interest Evinced in Burns Club Games The second round eof the Burns club toyrney was played off at the Rogers alleys last evening and history Te- peated itself, Crisgy still retaining a position, with Mrs. Alec Tomkins her most dangerous competitor. The Sooter-Jonnees won the sec- opd gAme of the series and the sco: now ia tied, Dame rumor has it Pilot Sandy Gordon is in communica- tion with Eddie Anderson and his rivgl teams are quite expectant. Teh third game of the tourney will be rolled off Thursday evening, May. 19 and Sandy wants the Tam.Q-Shan- tor tsam to report ten minutes earlier for intructions. Wext Thursgay, May 12, ths ctud will play the champign carpet bawlers of the stale, the Caledanian club of New Haven, in that city, and as honors are even the game to de a hummer. The journey will be made in auto busses leaving Frankln square at p. m., returning at 11:30 p. THESE ARE HARVEST DAYS FOR THE SMALD INVESTOR The whole is bidding for money at the highest interest rate in all history. Today you csn got $10 eon €100 with safety on high-grade prefetred valuable eomipan stocl m for Financial world every a certain stoek with k “rishts.” Statement, Reterences, otc to Miss Minnie Huber of 198 Hart street and third prize to Miss Mary Abetz of 134 Curtis street. These three young ladies made an excellent showing, over six thousand answers were received during the contest. Lincoln Park Nearly Sold Out. Lincoln Park is entirely sold out with the exception of four Lincoln street fronts, and now that we have nothing for sale on Mason avenue, a The committee | strangiehold ond the much sought for half dozen applications have been re- ceived for lots on that street, which we are ungble to fll. Lincoln street is the most valuable frontage on the whole property, and after these four lots are gone there will be a number of disappointed people. See that you are not one of them. The prices are very low for such large deep residen- tial plots, easy terms, but no reserva- tions ean be given. The Bodwell Realty Co., phone 1801. Deaths and Funerals. Eria U. Carlson. The funeral ot Eric U. Carlson will be held at 2 o’clock Monday afternoen from his late residence, 32 Hamilton street, and at 3:30 o'elock from the Swedish Bethany church. The burial will be in Fairview cemetery. John F. Brady. John F. Brady, aged about 60 years, of 200 Washington street, died this morning. He leaves two sisters. The funéral will be held Monday morning at 9 o'clock at St. Mary's church. | | | | | Heward F. Lockery. l Howard Frederick Lockery, the two year old som of Mr. and Mrs. Fred A. Lockery of 130 Hart street, died last night at the home of his parents at 130 Hart street. The funeral will be held Monday afternoon at 2 o'cleck at he _home. Rev. Samuel Suteliffe, | | ! > NEW ISSUE S % $6,500,000 The Connecticut Light & Power Company First and Refunding Mortgage 7% Sinking Fund Gold Bonds | population of 300,000 in Britain. praised at $15,248,000 Bond Dej $7,500,000 funded debt. alone is valued at more than $10,400,000, of which nearly $8,000,000 represents the property on which these $6,500,000 bonds are a first mortgage. Price, 95 and interest, yielding 7.40% ' The Company supplies light and power to a the Naugatuck Valley of Connecticut, and the cities of Waterbury and New ‘ The property investment of the Company is ap- or more than twice its The owned property veam will play artment 23 B 0 B R R PR B %lfi 5 B8 BRI B B SR B | RICHTER & C( Member New York Stock 31 WEST MAIN STREET, NEW BRITAIN, C( STANLEY R. EDDY, Mgr. TEL 320 We offer Néw Issue , The Connecticut Light & Power ( 7% MORTGAGE SINKING FUND GOLD BONI] Due May 1, 1951. ) - Exempt from Connecticut State tax. Also the co agrees to pay interest without deduction of any Nj Federal Income tax not exceeding 2 per cent. PROPH ENTIRELY LOCATED IN CONNECTICUT. Descriptive circular upon application. S RAPRERPRE F. G. JUDD W. T 8 | JUDD & CO. =3 WEST MAIN ST., NEW BRITAIN, CONNECTICUT Invesunents, Loca! Stocks Telephones, 181 We Have Buying Orders in SCOVILL MFG. CO. STOCK JOHN P. KEOGH - Member Consolidated Stock Exchange of New York. Miadicts BONDS %5 Middletown Direct Private Wire to New York and Boston. G. F. GROFF, Mgr.—Room 509, N. B. Nat’l Bank Bldg. — T4 { Thomson, em & & NEW BRITAIN NATIONAL BANK BUILLD 10 CENTRAL ROW, HARTFORD, CONN. DONALD R. HART, Mgr. TEL 2580 We Offer: 25 SHARES AMERICAN HARDWARE, 25 SHARES LANDERS, FRARY & CL4 Price On Application. The Hartford-Connecticut Trust Com Corner Main and Pearl Streets, Hartford, Capital $1,250,000. Su plus Funds, $2,000, Safe Deposit Boxes, $5 and upwards. Settiement of Estates, Wills drawn without g Foreign Exchange to 2ll parts of the world] LETTERS OF CREDIT GENERAL BA ,Bank by mail. It is safe and saves time. XIGTd GTd GTe] Gl ik BDTa GTd GTel New Britain Trust Co. It’s the long experience, through good and bad times, that is of value to you in your Banking connection. It’s the sound, safe policy followed during the peried of good busi- ness, as well as the care used dur- ing dull times, that protects you— our Jong record will convince you. Start your account with us. OPEN TONIGHT 7:00 TO 9:00.