New Britain Herald Newspaper, June 4, 1921, Page 11

Financial ALL STREET STOCK ‘EXCHANGE REPORTS Wall Street.——Shorts had very much their own way in perfod of today's short atfock market resuming their at- tacks oil and foed shares. osses in those stocks ran from 1 to almeost 5 points Tobaccos, equip- menta and indepondent steeis also were under pressure Che Iatter part of the session wit- nessed a rally in the general list al- hough shippings and sugars showed urther depression. Southern Rallway haves were Atlantie Coast l.ine rising mine points and Louisville nd Nushville atmost 8 peints. The ‘losing was irregular. Sales approx- mated 350,000 shares. Further trength of Liverty 3 1-: per cent onds, eh rose to 38.90, almost hree per cent ov rethe recent low, g the feature of the bond market. lew York Stock ¥xchange quota- % furnished by Richter & Co., mem- tw of the New York Stock exchange.) Hig Close. matters the early session against buoyant Allis-Chal Am Bee: m Can m Cotton Oil m 1 & Lther Am Locomotive m Smit & Ref Am Sug Ref cm Sumatra Tob 509% Tel & Tel. . 104% Tobacco A2 Woolen 4% nad¢enda Cop tech Top & § t Gult & Wt [ Mwin Loco Balt & Ohio oth Steel B jiirkn tap Tran “entl Lther Co ‘hes & Ohio h Ml & pé “hi Rk Is1 & I *hile Copper *hino Cop "uel & Iron Prods Ref rucible teel uba Cane Sug Mg Sugar. A ptd wWEk W Kleotrie - .13 enl Motors ioodrh (BF) Co it Nor pfd 1 Central nspir Cop nteYbor Con nt “#ler Mariny nt Mer Mar pfd n nt Paper Lot wprgmd PTiro 9 {ennecott Cop Mack Steel wohigh fex Petro flamourt Puc $ Y Cent) SY NH & ¥ Norfolk & West Nor A ure Ol Pan Am & T Penn B R croe-Arrow Con Cop 4 ding Rep 1 & S Royal D, N inclalr Ol Ret Jows-8 St1 & v » Pacific Railway tudebaker exas (0 et & Pac obacco Prods ranscont Oil "nion Pac Tnited Fruit ited Itetail St ' % Food Prod. 187 1 8 Indus Alco. 61% T 8 Rubber Co 64 8 Steel 80% tah Cop 52 Willys Overlund 87 Pacific Of1 3 crraAniNG x " Balances Co 107 % 58 15 WOUSE REFORT w. ¢ Mect Iov and 9. For Two Tssued dune 7 The W. C. T. 1 utive commit- es has called two meetings of the or- anization, one for June 7 and the ther for June 9 The first mecting il he held at the home of Mrs. sdwin Hitehcock 1t Maple Hill, The ubject for di will be “Les lons from the Frances Wi ird A follow T econd will be home of Mra. Aden Y ' The o exe cussion life of social ho will meet held Andrus of will be the Mission Day. ELKS’ GRILL Open to Public. 2 wion ration of Flower SUNDAY (Dinner gerved Celery — Olives — Sweet Pickles Consomme Julienne Chicken Okra Biroiled Fresh Mackerel Muitre 4' Hotel Salmon Steak Grilled iled Tongue with Fresh Spinach. Koast Nirloin of Beef au Roast Nat Turkey, Giblet Mashed and Boiled Potatoes ew Peas, Creamed Onions Fnglish Plum Pudding. Pie and lce Cream. Tea or Coffec. DINNER from 12 to 3 | PEACE GONVENTION DELEGATES LEAVE! Sail on Nieuw Amslerdam Today for Vienna New York, June 4.—The guard of the American delegution te convention of the Wowzan's Peace and at Vienna, July 10 the steamer Europe group are Miss advance the annun International League for Freedom to be held to 16, safled today on Nieuw Amsterdam fo The delegates in th Jane Addams, Dr. Alice Hamiiton, Mrs. C. Kohn, Dorothy North and Miss Mary Smith of Chicago, and Mrs. Florence Kelley of New York. New York women were banquet to Miss Addams companions last night Che United States will he represent ed at the convention by 20 delegates and 10 alternates. The Woman's In- ternational League Peace and Freedom has branches in practically every civilized nation. Miss Addams of Hull cago, is the international and will preside at the sessions. Miss Mabdel Kittredge, of New York, pres- ident of the United States branch of the organization, will take a promi- nent part at the congress. Special arrangements have bean made to provide an adequate food supply for the American delegates, for although food at present, is not re- ported scarce in Vienna, money to purchase it is not easily obtainable. Therefore, each delegate and alternate has remitted $10 in advanc to cover the cost of food suppiiex while in Vi- enna The hosts and he; House, Chi president convention meetings will be held in Musikverein hall which has a | seating capaecity of 2,000 persons. Nu- merous Interpreters will be assizned to the convention The program will include such top- ftes as ducation is the Way to orts Against the War Ani- and Revision of Treat- After the Vienna convention there will be a two weeks' school of inter- nationalism at Salgburg at which noted international Yeaders will deliv- er addresses. Another party of delegates sailing early in June on the Noordam will comprise Mrs. Harriet Connor Brown of Washington, D. ¢".: Miss Mabel Kit- tredge of New York: Mrs. John Ret- tinger of New Jersey; Mrs. Mary Hal- liday of Los Angele and Miss Rose Standish Nicholls of Massachusetts. A third party will start June 30 on the steamer Berengaria, formerly the Imperator. That party will include Mrs. Josiah Charles Marriam, Mrs. Henry Villard and Miss Selden of New Yortk: Mrs. Wilfred l.ouis of Phila. delphia: Miss Mary Winsor of Hav- erford, Pa Miss Tsabel! Lamonte of Bound Brook. N. J.; Mre. C. Laddey of Newark, N, J., and Miss Matsuio Takizawa, a Wellesley eollege student, who will represent Japan at the con- vention. LOCAL STOCK MARKET TQDAY |- (Furnish cd by Richter Bid & Co.) Asked 140 111 Hfd Elec Light Southern N E Tel Am Brass Am Hardware Billings & Spencer Bristol Brass Colt's Arms BEagle Lock Landers, I ana C N B Machine com *Niles-Be-Pond com North and Judd Peck, Btow and Russell Mfg Co covill Mg Co andard Screw anley Works Traut and Hine Union Mfg Co com Wilcox . 40 .100 300 com com ST. JOSKIPH'S DEFEATED. Freshman Baseball Team At School Prove Best Players, The Freshmau High school base ball team defeated the St. Joseph's team yesterday by the score of 31 to 5. Watson and Sczensky were the bat- tevy for the High hool team, white Hincehuff and McCabe were the slab artists for St. Joseph's The 8t. Joseph's team was no match for their opponents and they were al- lowed but two hits, The linup for the Freshman team was as follow Sharzynski, catch; Watson. pitch Stanbly, 1st base; Mechler, 2nd base; Linn, short stop; Reano, 3rd base Butler, left field, Kuncewicz, center- field and Drezek, right field 700 GETS BIG SNAKE Big Boa Constrictor i« Pound on Ship in Hoboken—Ilmmediately Sent to Zoo. New York, June 4.—Svengali, a 12 foot bos-constrictor sleepily dosed in a cage at the Bronx Park Zoo today, ap- parently unmindful of the fact that to him went the honor of being the argest snake ever captured in\ Ho- boken. Svengali was rudely disturbed from | his slumbers on board the steamer | Coppename when shipwrights repair- ing the veasel tore out planks upon vhich he was reposing. The reptile was not down on the cargo list of the vessel, but arrived as a stowaway. The theory was advanced that he crawled aboard through the porthole as a tree root upon which he was rid- ing fleated by the vessel, which docket at in a tropicl port The boa was stunned by a fall | caused when the Hoboken workmen NEW BRITAIN DAILY HERALD, SATURDAY, JUNE 4, 192!’= IEI( S REVIEW AND! HERE'S BEAUTY FOR THE 'BEACH IMMEDIATE OUTLOOK Henry Clews, New York Financial Expert, Gives His Opinions pecial to the Heralc w York, June 4.—The first pav- | ment of the German reparations dues has at length been made and is taken #s & domonstration of the ability uf German financial and industrial or- ‘:nnlznunn to carry the strain im- posed upon it by the program of the Allies. Included as an element in ! this first instalment of 1,000.000,000 gold marks, or in round numbers $250.000.000 ix 3 sum of about $80,- 000,000 in draft§ on New York part of this transfer consists of eriean currency and other loc ligatio Further progress quieter conditions in Siles gradual approach [ coal sirike settlement in Great Britain are ele- ments in making the adjustment of foreign relations to a | peaceful basis | Better Prospects of the Railroads. Domestically the important factor n the week's developments has been the decision of the Railway bourd reducing the pay of employes by an ave of about 12 per cent The cut js regarded as very moder- ate by railroad managers. although it should effect an economy af about $400,000.000 per anpnum. Neverthe- jess (he reduction, amounting as it does to- oniy about 50 per cenr of the advances zranted last summer, is insufficient to meet the needs of the railroads even with their pres- ent scale of rates. The concession. however, is noleworthy because of its being the first gevernmental de- cision against the extravagant claims | of labor, and if coupled with a rad- | ical agreement of the working agree- ments should result in material fngs for the lines April returns, which are now meore and more ful- Iy available, show that decided econ- omies in railroad expenses have been brought ahout, althoush it should be remembered that these savings are in many instances merely the postponement of necessary work On the 171 Class I railroads April operating income is $27.500.000, against 321,200,000 a vear azo. The aectnal situation can be v much betier understood a little later ‘ en the readjustment of wages Yand prices is more nearly complete Progress of Business. In spite of a somewhat further fall of prices due to the general evening up of values in different branches of the industrial organiza- tion, better progress toward normal business conditions is evident The principal obstacle now visible in textile and other allied lines is the uncertainty of buyers with regard to the future price outlook. many bus- iness men being still reluctant to commit themselves far in advance because of their fear that prices may prove unstable. In automobiles the recent cutting of prices has r sulted in a large number of buying orders for cars. especially of the low cost type, but profils on sales are nmn\.\'\rfly reduced to a- minimum is the prediction of the authori- nr-s that the steel apd iron trade will increase materially three months from now and that fall trade gen- erally will ow considerable’ sion The outlook, therefore, no means unfavorable, and if it were not for the fear of further important dividend reductions no doubt buvin power in the market would be mu larger. Ifforts on the part of the [ administration to further the develop- ment of export financing have been increased during the past week, at- tempts being made to bring about greater activity on the part of the war finance corporation and to adopt conditions in the Federal Reserve system mo1 to the current A ha needs of agriculture. The exXport returns, bringing the figures down to the end of April show a still further secession of our favorable balance of trade. dargely due to an increasin volume and value of imported goods, especially from FEuropean sources toward and for economic labor oo S T she intends to be utilitarian sort and need not Wheteher or not she intends to swim, she achieves her aim Bathing suits of really swims have no connection with fashion line! But for such as these one spends as much thought vening gown! Helen amount Pictures has even as to sport pearl trimmi uit of taffeta, while Lila Lee's (Para- mount’ is a striking combination of orange and black silk, the in which one for the sav- UR Forty thousand bushels ot corn contributed ‘ntral western farmers the starving children of Furope are heing ground free for the tfoover commis sion by the American Hominy any, at Decatur, Til. NEW BRITAIN NATIONAL BANK ORGANIZED 18 for com- UNDER UNITED STATES GOVERNME OUR VACATION CLUB helped hundreds to save vacation money. START NOW FOR NEXT YEAR Pay oDc $1 OO or $2 00 per week for fifty weeks. " SUPERVISION nd Market Roview Trading and Outlook. has been upon a relatively small scale with a somewhat pessi- mistic tone throughout the market, due to continuous dividend reduc- tions and the fact that business re- covery has been apparently so much deferred. Some unexpected dividend reductions durinz the past week as well as others that had been pre- dieted have tended to unsettie market prices, particularly in the sieel and automobile groups of stucks. The main reason why the Iroad <hares in particular have not responded to sreater extent to the an- is that the 17 1 is in and is disposed, ore, to news events whether favor- or unfaverable. Perhaps : disaippointment in ith the market is grade movement in the for the motor stocks as it freely predicted that the better in the dustry had taken place weakness in the steel rectly due to the fact that i has fallen off S0 seriousiy new orders are few. The 1t contingent are still arrayed on bear side but their aperation les aggressiveness, which may he ac- cepted as an ‘indication that these astute gentlemen are to feel their Way carefully present conditions. HENRY VETERANS TO MEET. Private Walter J. Smith JOIN OUR Vacation Savings Club TONIGHT Four Convenient Classes $ .50 $1.00 $2.00 $5.00 NETTING YOU $25 $50 $100 $250 EVERYBODY WELCOME nouncemant rut nore connec retro- been final turn auomobile in The renewed di- 1siness that for shaves is and show even disposed nnder | CLIEWS waBRiYAMCm' post, Vet- erans of Forelgn Wars. will meet at | S o'clock tomight in the meeting: place | action OPEN SATURDAY EVENINGS 7—9. ¥very Financial Service and a Iricndly Person at Turn i fetching and | trouble about | gone so far ' Member New York Stock Exchange 31 WEST MAIN STREET, NEW BRITAIN, C( STANLEY It. EDDY, Megr. TEL, 20 50 FAFNIR BEARING _50 STANLEY WORKS 40 LANDERS, FRARY & CLARK Thomson, THenn &a NEW BRITAIN New Britain National Bank Bldg. ‘elephene 2530 DONALD R. HART Mgr. HARTFORD 10 Central Row Telephone Charter 8000. We Offer: STANLEY WORKS NORTH & JUDD MFG. CO. UNION MFG. CO.. Prices On Application. . D. JUDD F. G, JUDD W. T. jUDD & CO. 23 WEST MAIN ST., NEW BRITAIN, CONNESTICUT Investunents, Local Stocks Telephones, 13185 We Offer: STANLEY WORKS, Common. JOHN P. KEOGH Member Consolidated Stock Exchange of New York. STOCK < New BONDS Spr] Direct Private Wire to New' York and Boston. Waterbury Danbury Middletown F. GROFF, Mgr.—Room 509, N. B. Nat'l Bank Bldg. — The Hartford-Connecticut Trust Comp Corner Main and Pearl Streets, h Hartford, ( Capital $1,250,000. Su plus Funds, $2,000, Safe Deposnt Boxes, $5 and upwards, Settlement of Estates, lels drawn without c| Foreign Exchange to all parts of the world. LETTERS OF CREDIT GENERAL BAN Bank by mail.. It is safe and saves time. Have you a checking account? Why not try paying your bills by check and save carrying money around with you — Convenience and safety are the two points worth remembering—Open up an account at This Bank.