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

inancial ALL STREET STOCK XCHANGE REPORTS 14, Wall Street.~ the ateck market brief trading pe- Pressure from that sourc psed extrome declines of 1 to a pst 6 points among leaders, chiefly o ell, motor and steel issues. In- idual features of the reaction in- od Mexican Petroloum, Houston ., Atlantic Gulf, Studebaker, Ghand- , Bosch Magneto, Harvester, Sears- bebuck, Famous Players and somae IS e naclointind. chsetutcios: ils, notably Baltimore amd Ohio, lorado Houthern, New Orleans, Tex- and Mexico and “Soo” alse were avy. Tomsses were partially re- gved for @ time but the market ve way again in the final dealings. e closing was heavy. Sales approx- ated 375,000 shares. Yerk Sweck Exchange quota- turnished by Richter & Co., bers of the New York Stock hauged. is-Chal Mfg.. Heet Sugar. n Can m. Car & Fdy, m 1 & Lther 11% dmcomotive. 87% m Sug Ret em 43 n $umatra Tob 60% Tol & Tel. . 1063 ne Tabacco L1235 m Woolen 7615 nacondn Cop . 42 téh Top &'s ¥ 1% & Wt 140 014 Vew York. May jorta contrelled oughout joday High. a6 J" Low. 3614 Close. 36% a9 LLEY n._. Aher Co m' hes & Ohlo ni Mil & St P M Rk Isl & P hile Copper hino Cop 1 Gas Frods et ruMblo Steel ‘uba Cane Sug .anrm Jehne'n .l\u 152 ptd fenl Electria enl Motors opdrh (BF)Co.. t Nor ptd napiration Cop. terbor Con . it Mer Mar pfd 5 nt Nickel . n: Paper kel Spafild Tire. Kennecott Cop. & ack Steel ... Ahigh Yalley .. § laxwell Mator . tex Petrol fssourt Pac ... NH & H or Paa -'ll7. 615 87 14% % 50% 6% 2T% % 2l 0 . 40 26 % 581 11% 1191 1oy 60% 214 LL] 734 23 L1008 oy Con ding pl & 8 .. 1 D, N ¥.. nclatr O Ref $a Pactia Rallway tndebaker Co. . Fexns Co . Fexas & Poo Tobacco Prods Transcont OIl Vindon Pac ntted Pruit United Retatl St ' 8 Food Prod. 1T 8 Tndus Alco. 17 8 Rubber Co. U B Bteel " A Btee! pfd Utalh Copper Willys Overland. Cop,. 1103 e 14035 59 211 N1y Ty are 2% 7 82 825 100 109 . B8 b6 55 2% L3 8 LOCAL STOCK MARKET TODAY (Furnished by Richter & Co.) Bla Arkesl 185 140 108 111 .136 140 20 178 20 10ra’ Wiee Light .... 8h-rn N B Tel .. Hardware Heoslery 170 15 35 3 50 50 Am Pras Tiristol Brass ... o 1. uuw apd .'.nter . 40 Serew com Mg Co .. Trewt apd Tine Umnlon Mig Co .. Faigaore PWBS QUEEN NW‘NE Emlaews Beitioh Sorgeon Says To- Soewe Ts Less Harmtul Than Are Tom, Cofler or Alooho, Lewmdon, May 1f.-To the Towst :-mmn of the * social tubgoce snd al- M The -mc amonpt of tobac- “ maery Y amid Sr James, “nad 1150 ot "becoms necustomed 1o & comigdn amount. 1Y ooe smokes less nn‘;“ amother he teels the ef. Much p¢ i he had smeked WEEK'S REVIEW AND INMEDIATE OUTLOGK | Henry Clews, New York Financial Expert, Gives His Opinions Spectal to The Ierald.) York, May 14.—Germany's acceptance of the ultimatum of Allies fulfills the predictions of the past month and warrants the op- timism of dealers in foreign exchange who have held their bills for higher figures. There are still many serious financial problems to be solved in con- nection with the whele matter, as the publication of the detalled terms of payment clearly shows. Nevertheless the technical acceptance ofithe rep- arations plan at L t opens the way to practical consideration of the com- ing financing and ot the share which we ourselves are likely to take there- in. As soon ag the market has had time to digest the terme it should show the beneficial effect of the news. Better Ratiroad Prospects. The. better ¢arning situation of the railroads as reported during the past week is again bringing the rails for- ward in the investment market and trapsactions in these issues have 8s- sumed a much greater aotivity than has baen true for seme time past, not- withstanding temporary setbacks of values, New testimony of rallroad leaders before the Interstate Com. eroa committee has poinied to dis. continuance of excessive - government competition through low frejght rates on ghips, free tolls on the Panama canal and other forms of subsidy as the most feasible way of relieving the New final the | dangesqus pasition in which the roads now $ind themsolves. Meantime the eeonomies already made are hHeginn- ing to bear fruif, and as morg and more raflrgad reports are made pud- lic it seems plainer that many the lines @re getting. baek o a pesition in whish they are abie to esver their expenses out of current earnings. Tt is annoupced that The Railroad Board will rendér ity declsion on the wage dispute gn the 1ith of ngxt month. This i= still some distance off, but it iy not doubted that the roads witl be accorded the right to reduce wapges; and this continues to be the incentive for picking up railroad ghares. Industrial Developments. F¥urther decline in the ynfilled or, ders of the United States Steel cor- porution by abeut 440,000 tons for the month of April brings the orders naw on hand down to the lowest level they have reached for a long time, al- though the volume still remaining on the books i some 5,500,000 tons. The unsatisf ey foature of the stecl business does not lie in the volume on hand but in the fact that demand is still evidently falling off, recent changes not having sufficed to revive it. Conditions in the stesl industry, however, are not paralleled in some other lines, there being a wmarked growth in textile activity and a steady extension of demand in sundry other branches of trade. The unemploy- ment reports of the Bureau of Labor Statistics shaw a technical reduction during April, but they do not take account of events since that time mor are thelr figures representative of the entfre sitnation. A feature of im- portance is the prospect of 3 large wheat yield this vear. Phis means much to the whole world in the mat- ter of Jower food costs, besires giving the raflrodtls good hauls. Market Review and Outlook. Market activity haa continued on a substantially high Jevel during the past sveek, although the purchasing movement has not been so wel] sus- tafned as it was during the preced- ing week and reactions Have occurred n various issues. The outstanding feature the week's tions prebably been the rel- atively greater strength of the rails and the loss of ground by the industrials. No very good reason for this state of affairs can be assigned other than the delay of the readjust- ment process. The truth is, of course, that the market is regulated by sup- ply and demand, and the former, in the case of the rails, in emall owing to the fact that no new railroad stocks have heen manufactured for a great many years. Buying In great volume, therefore, is not required to give them an uplift. There s no new reason for the selling of the steel stocks ex- cept that trade in the steel and iron branch is still wofully slack and does net show any particular signs of Un- provement for the immediate future. HENRY CLEWS. ELKS’ GRILL Open to the Public $1.50—SPECTAL SUNDAY DINNER—$1.50 ot transac- han SPECTAL Hearts of Celery Queen Cream of Tomawo Comwomnie Prinoess ROASY JOXG ISLAND DL(KIJNG bmn. Apple zuv Mashed Yellow Turnips Mashed Potatoes, Duchess Olives Style, Combination Salad Fremch Presding Home Made Ples or Toe Cream and Cake Demi-Tasse NEW BRITAIN JUDGE C€LARK TO RUN. Is Hartford Republican Nominee for Judge of Probate Court. Huitford, 14—~Judge Walicr i H. Clark republican nomi- nee for judge of probate to. succeed Judge L. P. Waldo Marvin, secured, as the result of yesterda)'s Caucuses, ten votes from Hartford, four from Wethersfield and two fromy Windsor Locks, giving him the neces- sary sixteen delegates to nominate him in a convention of thirty. Bloom- fleld’s two votes are for John ¥, For- ward and West Hartford's four dele- gates are for Frank M. Mather. Glas- tonbury, Newington and Rock Hil two each, but the eight delegates to be chesen teday camnot chanme the verdict already given in favor of Judga Clark. May will be the hav SHOOTING IN SOUTHINGTON. Bitter Quavrel Between Nrighbors ¥nds iv Gun Play Last Night i Southington, May 14.—For =hooting Carl Deckert last night with a shot- sun following a quarrel, Conrad Zeim- et is held in Southington jail without bonds on the charge of assault with intent to kill. The shooting is the climax of a long-standing fend over a disputed right of way on land claimed by Zeimet to be owned by himself. Deckert, it is said, elaims that he has a right of way through the land. Late last night, Deckert's copdition was reported as not serious. The shots entered his face, hand and leg. Vanillia Wi The F‘m| o onjoy & race And gayly chesr the spesders Vanilla q sets the pace, Andis the - ch Jead Eatract, tga, ¥ $avors Puns and true, It gives & winning flavor. Raker'y Cortiied Flaver- ing Extragts are sold by all &rogpess who cage. On reguest we will send Hry. DAILY HERALD, SATURDAY, MAY MILLER 10 GRADUATE S Locat’ VioMnist Now Plans to Con- tinue UWis Sendies and May Possibly Go Abroad. . Charles Miller, son of Mr. Miller of -Flartford avenue, will be graduated frem the Combs Broad Street’ Conservatory of Music at Phil- adglphia on Wednesday of next weck. Following his graduation he plans to cither study abroad, or with one of the leading instructors of this coun- Mr. Miller was graduated from and Mrs. 14, 1921. the local High school two vears ago and for a short time was leader of the Palace orchestra. e is regarded as an exceptionally brilliant young wiolinist and recently pliyed at the Wanamaker reception in Philadelphia. Also, last February, he was accopnded the privilege of leading the Metropolitan orchestra at New ¥York during one performance. —DENTISTS— A. B. Johnsen, D. D. S. T. R. Jehnson, D. D. S. National Bank Bldg. GAS and OXYGEN ADMINISTERED Do the members of your family know enough about your business affairs to manage them success- fully if anything should happen to you? This is a question which every thinking man asks himself—a sat- isfactory solution to this problem may be found in utilizing our TRUST DEARTMENT—in mak- ing us your Executor or Trustee. Open Tonight 7 to 9 P. M. New Britain Trust Co. A Bank Statement Easy to Understand. New Britain National Bank STATEMENT OF APRIL 28, 1921. c Bank Owes to Depositors . .........000ivereoennnn. A eopservative b inker alwaye hes this indebtedness in $3,120,269.88 mind, and he arranges his assets so as to be able to meet any request for payment. For This Purpose We I. Cash and Due (Gold, Bapk Notes and fpecie) Have: fromBanks ....,............. and deposits in other returnable on demand. U. S. Government Securities . Bonds .. Of railroads and saleable, Loans Payable in less P T T R of first quality and easily other corperations, than three montis on the average, secured by cellateral. Stock in Federal Reserve Bank ., Banking House and Fixtwres .,.,,... TOTAL TO MEET I VII. This Leaves a Which becomes the policit pew depos with us for many NDEBTEDNESS . ... Surplus of % e bt its and retain those which have been years. upon which $ 562,410.75 banks 830,095.02 368,518.45 2,491,033.16 largely 24,300.00 213,255.55 $4,489,612.93 $1,369,343.08 property of the stockholders after the de- positors are paid, and is a guarantee fund we lodged “The Only National Bank in New Britain.” | Malling Lists RMBMWWM B3 'RICHTER & C Ifember New York Stock Exchange g 31 WEST MIAIN STREET, NEW BRITAIN, C( STANLEY R. EDDY, Mgr. TRL. 25 SHARES LANDERS, FRARY & C 50 SHARES NORTH & JUDD, 50 SHARES COLT'S, 50 SHARES STANLEY WORKS. 4L D JUDD F. G. JUDD W. T. SI. JUDD & CO. 23 WEST MAIN 8T., NEW BRJITAIN, CONNESTICUY Investments, Local Stocks Telephonea, 181! We Offer and Recommend: NORTH & JUDD Price On Application. Member Consolidated Stock Exchange of New York. STOC¥® < Danbury Middletown Direct Private Wire to New York and Bostom'fi A G. F. GROFF, )Igr ~—Room 509, N. B, N“'l Bank Bldg. — @homson, Henn & ¢ NEW BRITAIN NATIONAL BANK BUILH 10 CENTRAL ROW, HARTFORD, CONN. DONALD R. HART, Mgr. TEL We Offer: 50 SHARES NORTH & JUDD, 50 LANDERS, FRARY & CLARK 25 AMERICAN HDWE, CORP., 50 STANLEY WQRKS, Preferred. Prices On Apphcafion N‘UTMEG PUBLICITY BUR YLet us plan for you a “Dircct By Mail Advertising Campu are a sure getter of vesults, MULTIGRAPHING Typewriting STREET. OF ALL KINDS Addressing 551 STANLEY TELEPHO! -~ e e The Hartford- Connechcut Tmst Co Corner Main and Pearl Stfeets, Hartfo (,apltal Su‘plus Funds, $2m0 Safe fieposnt Boxes, $5 and upwards. Settlement of Estates, Wills drawn without Foreign Exchange to 3!l parts of the world LETTERS OF CREDIT GENERAL BA Bank by mail. -1t issafe and saves time: Worldwide Banking Setvice OUR relations with leading banks in every country give us unusual facilities for the trans- action of foreign banking business of every description. Let our Foreign Department serve you We have special faalma for the economica purchase and transfer of forcign exchang