New Britain Herald Newspaper, August 13, 1921, Page 9

Financial WALL STREET STOCK EXCHANGE REPORTS (Special to The Herald.) ‘Wall street—Efforts to pring about aj further rise as the result of favorable overnight developments were unavail- ing today. Active liquidation of rub- ber, leather and Can shares some of which recorded new low figures, caused selling out elsewhere of earlier pur- chases. The closing was easy. Sales approximated 150,000 shares. U. S. Rubber first preferred broke five points, the common and central Leather pfd, 3; Continental Can, 23, Central Leath- er, 2%; Maniti Sugar, 2, and Ameri- can Can pfd, one point. Central Leather was gffected by reports that a reorganization of the company was con- templated which would involve gn as- sessment of $5 a share on stockholders. (New Yoak Stock Exchange quota- members of the New York Stock Ex- change.) Allis-Chal Mfg.. 30% Endicott-John 58% Erie 13% Gen Electric 115% 114% Gen Motors ,... 10% 10 Interbor Con ... 3% 3% 1it Mer Mar pfd 42 42 Iut Nickel 13% 13y Irt Paper 46% 46 — Kelly Spring Tire 39 3814 Kennecott Cop...18% 18% Lack Steel 38 38 Mex Petrol 991 - 98 Missouri Pac 19% N Y Central .... 710% NYNH&H.. 16 North Pacific . 76y Pure Oil .... 26% Pan Am P T 46% Penn R R .. 37% Pierce Arrow 14 Ray Con Cop . Reading . . Rep I S Royal D, N Y ... Sinclair Oil Refin.. Southern Pacific .. Studebaker Co. .. Texas Co. . Texas Pacific . Tobacco Prod Transcont Oil Union Pacific ... United Fruit .... United Retail St U S Indus Alco . U S Rubber Co U S Steel . U S Steel pfd Utah Copper ..... Willys Overland .. 8% High -26% 30% 58% 1314 30% 583% 13% 115 10% 3% 42 13% 46 Am Can .... Am Cr & Fd...123% Am Loco 843% Am Sm & Re... 34% Am Sg RI com. 64% Am Tel & Tel..105% Am Tob .120 Am Woolen . 89 Ana Cop 35 Atc Tp & § F.. 84 At Gt & W 1.. 21% Bald Loco . T4% Balti & Ohio .. 36% Beth Steel B .. 49% Can Pac ...113% Cen Leath Co.. 28% Ches & Ohio 53 Chi Ml & S P.. 26% Chi Rk I & P.. 31% _Col FI1 & In.... 23% Cn Prd Ret ... 66% Crucible Steel .. 54% Cub Cn Sug 9% LOCAL STOCR MARKET TODA Furnished by Putnam & Co., Bid Asked ..125 130 .106 109 148 153 .125 130 . 25 28 12 16 28 31 45 50 Hfd. Elec. Light . South N. E. Tel . American Brass . Am. Hardware Billings & Spencer . Bristol Brass " Colt’s Arms Eagle Lock Landers N. B. Machine Niles-Be-Pond com North & Judd . Peck, Stow Russell Mfg. Scovill M13. .. Standard Screw . Traut & Hine . Union Mfg. Co. Stanley. Works CHILDREN DIE FROM STRANGE POISONS New York Health Authorities Working to Solve Mystery—May be Polsonlbernes New York Aug. 13.—Health au- _ thorites were working today to solve the mystery of a poison which has taken the lives of three children of one family within a week and resulted in the illness of a half dozen others in the same neighborhood. The poisonings were reported ves- terday by physicians who vainly treat- ed the three children of Patrolman Andrew Lenox.-Andrew Jr. died Frday Catherifie two dsys earlier and James on August 4. All exhibited .ympzoms similar to those found in cases of toadstool poisoning, but atopsies failed to dis- close traces of the poison. -Another theory advanced was that the children had eaten poison berries found on vacant lot near their home. > FACTORY NOTES The Stanley Rule and Level factory shut down 1a¥t night for ten days. The plant will reopen Monday, August 22, aud & eut in wages amounting to approximately 12 1-2 per cent will be 'at that thme. The screw pro- men: of the New Britain is being, operated sma]l .gang of men, M m !orr whlch !Mr‘ iy Spvey $ e 9 ’,", WEE'S REVIEW AND IMMEDIATE OUTLOOK Henry Clews, New York Financial Expert, Gives His Opinions New York, Aug. 13.—One of the most encouraging developments of the week was President Harding’s stand on the tax question, in which he boldly advocated fair and posi- tive reduction of both taxes and ex- penses. Reform in these ‘directions will not only be a relief to business but also an important factor -in the revival of confidence. Trade news has a better color and the prospects for autumn business in many lines have continued to be increasingly hopeful. There has been an im- portant improvement' in the credit situation during the past month, and this th what had preceded i1t makes a notable change for the better with- in a short period. The administra- tion’s plans to help business, espec- ially the carriers and its progress with disarmament plans, are long- range factors that promise much for the future. Payment of principal and interest on the foreign debt, in- cluding German Reparation, is also an element of serious consideration. Foreign exchange has been much disturbed by the unsettlement con- nected with these transactions, the éffect being to hamper our foreign trade, especially exports, which show a continued heavy diminution. Im- ports suffer likewise, and some means are necessary by which our purchases abroad can be faciliated, since our foreign debtors will be much better able to pay us in goods than in dollars. The Farm a Controlling Factor. With news from all parts of BEurope, and especially from Russia, indicating an unusual crop shortage, the fact that our wheat output is es- timated at from 750,000,000 to 800,- 0000,000 bushels is of controlling significance. The opening of large credits for the shipment of wheat to Europe shows that foodstuffs will maintain their primary place in our export trade and that there is every reason to expect good prices That the farmer so considers them is shown by renewal of demand.for finished goods in the producing re- gions—a fact indicated by the re- serve gystem’s index o6f retail trade when geographically” analyzed. Condition of the Railroads. : One outstanding feature is the de- cided improvement in the position of the railroads. That net operating in- come of the Class 1 lines was well above $50,000,000 for June contrasts most hopefully with the deficit of about $16,000,000 for the same month 2 year ago but by no means tells the whole story. Sincé July 1 earnings seem to have gone steadily ahead, and it must be remembered that sav- ings in labor costs, likely to amonunt to $1,000,000 a day, and in fuel cost, likely to amount to $4,000,000 or more per month, have now taken ef- fect. These and the various gains in 2fffoiency that have been introduced shofld give the July returns and those of succeeding months an even more favorable position, relatively speaking. Reductions of export rates lately announced, as well as the much more far-reaching, though less obvious, cuts in transportation costs, due to reclassification and re-arrange- ment of charges are already greatly ncreasing the amount of freight passing over some of the lines. The fact that in these circumstances cer- tain of the rails have suffered re- verses during the past week or two merely shows that the investment public has not yet full recognized the real change of outlook as regerds the transportation stocks in any practi- cal way. . Market Outlook. Considering this week’s severe test the market has had to withstand it is not acting badly The passing of the sugar dividend which has been paid regularly for so many years, the advance in money rates, and the prob- ability, that congress will adjourn until’ next Sers~mbo>r without acting on the railroad relies bill, are all contributory causes and sufficient in themselves to diminish the buying power of the outside public which admittedly is already very small. The faict, however, that daily sales are not running more than a half mil- lon shares is proof that no liquida- tion -of consequence is taking place dnd without this the professional element, who are still bearish, will have difficulty in bringing about any material decline. The market has already discounted the passing of dividends and should now take a look to the future, which will mean re- storations in a number of instances. To be sure this will require some little time but if trade and other au- thoritative rports are to be rclied upon there would seem to be no doubt that business is on the mend. Even in the steel and iron branch where orders have fallen off so tremendously, those in a position to know do not hestitate to say that the outlook is much brighter, and so far as the railroad relief measure is oconcerned it is disappointing of course that there should be any de- lay, but after all, it only means a postponement of thirty days, when congress will reconvene. There is no hope of course of any marked re- covery that would stick at the pres- ent time; on thé other hand, it is not well to be 0o bearish with prices down to the present low levels. HENRY CLEWS. BIG GAME TOMORROW New Britaiw”and Hartford Postoffice Teams to Battle at St. Mary’s Play- grounds—Contest at 2:15' o’Clock. The Hartfdrd postofice baseball team accompanied by a delegation of fans, will journey to this city tomor- row, to meet the New Britain post- office nine at St. Mary’s playgrounds. The game will start at 2:15 o’clock. The Hartford team will have the fol- lowing players with them tomorrow. Santoro, White, McDonald, Smith, Banning, Conrors, Neilson, Myers, ng, Alling and = McTeague. The New . Britain team will be made up frem the following: Connelly, Coo- #4n, Renehan, Lynch, Brink, Dobruck, Murray, Swason, Lahar, “Red” Ctml’- Delaney. BRAVES GET BAD ' JOLT FROM PHILS to-Tailenders Boston, Aug. 13 (Natjonal).— Philadeiphia hurt Boston's pennapt chances by winning both games of 2 double header yesterday, 10 to 5 and t to 0. The Boston team made twelve hits off Smith in the second game but could not score. The score: o First Game. Philadelphia (N.) ab M’'nroe, 3b J. Smith, 2p L'eau, rf .. Walker, If W’tone, *It Kon'y, 1b . Williams, of Park’n, ss Peters, ¢ G. Smith, p Betts, p ... | cormoommrbmenn ... | hormmmEReLE @ - 3 coawohorrmumo % o | amornuooowme ~| cococcccoron Cruise, Brckel, Holke, 1b Ford, 2b Gibson, Scott, p Watson, Fil'gim, Cooney, Morgan, *Nich’ron :Christ'ry - - CooOPorROOBOORNWHO CooPooOoNWHWHO MDY CoHOHOMNRKNOO RO cooo0orccoHoooD Totals ........38 *Batted for Watson inning. :Batted for Cooney inning. Philadelphia 2 2 2 2 Boston ..030001010—5 Two base hits—Lebourveau, Xon- etchy, Willlams, Boekel. Three base hit—Gibson. Home runs—NMonroe, Lebourveau. Sacrifice — J. Double ‘play—Fillingim, Holke. Left on bases—Philadelphia, 7; Boston, 7. Bases on balls——Off Betts, 1; off Fillingim, 1. Hits—Off G. Smith, 4 in 1 1-3 inning; off Betts, 7 in 7 2-3 innings; off Watson, 2 in 1 2-3 innings; off Fillingim, 5 in 3 ‘nnings; off Coonty, none in 1 inning; off Morgan, none in 1 inning. Hit by pitcher—by Morgan, 1 Konetchy. Struck out—By Betts, 4; by Scott. by Fillingim, 2; by Cooney, 2. Win- aing pitcher—Smith. Losing pitcher —Scott. Umpires—McCormick and Klem. Time of game 1 hour and 55 minutes. in the fourth in the eizhth 002 0-0—10 Smith. Gibson and Second Game. Philadelphia (N.) ab r” Monroe, 3b ...... b Emith, 2b L'veau, rf W’tone, 1t Lee, Ib ‘Williams, Park’'n, ss Henilve, ¢ G. Smith, p o ccoromoNnon HONMHHHONME OO CMwORNDARD mooooKoHOB Totals .. Powell, B’bare, 'worth, Cruise, Boeck’l, Holke, Ford, Gowdy, C'Neil, Seott, p Biaxton, p *Nixon :C’bury . Nich’son Totals *Ran for Gowdy in ‘nning. :Batted for Scott inning. -Batted for Braxlon in the inning. Philadelphia’ . ° the seventh in the seventh ninth 00020100 1—4 Boston -000000000—0 Two bese hits—Lee, Williams, Gow- dy, Christenbury. Stolen base — ‘Wrightstone. Sacrifice—Lebourveau. Double play—Lee and Parkinson. Left on bases—Philadelphia, 6; Bo ton, 11. Bases on balls—Off Smith, 1; off Scott, 1; off Braxton, 1. Hits—off Scott,- 7 in 7 innings; off Braxton. 2 in 2 innings.. Struck out —By G. Smith, 2; by Scott 2. Um- pires—Klem and McCormick. Time of game—1- hour and 37 minutes. Losing pitcher—Scott. Three Wins in Row. Piitsburgh, Aug. 13.—Pittsburgh made it three straight from Chicago by winning yesterday’s game 12 to 9. Cheeves.was knocked out of the box in the first inning when 13 players went to bat. The visitors bunched hits in the fifth and ninth, the last rally falling short with two men on base. The score: Chicago (N.) r 1b e Grimes, 0’Farrell, Daly, ¢ Cheeves, p *Wirtz e L S I R CoNONOHMHNNE COHORRWHNWRO CoO0OoCCONRWOP e e S COMMERCIAL DEPAR\'BHENT Mitchell's Men Drop Two Games| Grimes, p Burns, cf B'eroft, ss Frisch, 3b Young, rf . |Kelly, 1b Jones, p . :Killefer ....... Totals Pittsburgh (N) ab-r M'ville, ss Bigbee lf tson, Bha.rt Sb 2b Whltled 1 Grimm, 1b Brottem, ¢ Coorer, P . EEE T C S b0 1o b e o C oMWW Lk RO Moo oRmOC D 1921. “*Ran nning. & Jincinnati 20010000 1—4 3t. Louis . 00000011 0—2 Two base hits—Bressler, Clemons sacrifice—Hargrave. . Daible plays — Bohne -and Daubert; Kopf and Dau- nert. Left on bases—Cincinnati, 3: 3t. Louis, 5. FPFases on balls—Off Marquad, 1; off Luque, 1; off Patrica, 1 off Sherdel, 2. Hite—oft Marquard, 7 in 8 innings; off Riviere, 1 in 1 in- ning; off Luque, none in 1 inning, >ff Pertica, 2 in no innings (nome out in first); off Sherdel, 8 in 8 innings. for * Schultz in the ecightn 21 27 the 12 *Batted sixth inning. :Batted for Jones inning. Chicago 00013200 Pittsburgh 70002102 Two base hits—Tierney, Grimm Brottem, Cooper, Maranville. base hit—Bigbee. Sacl‘lfice—sulh van. Double .plays—Hollocher and Kelleher; Cooper, Maranville an. Grimm. Left on bases—Chicago, Pittsburgh, 11. Bases on ball Cheeves, 1; off York, 1. Hits—o'f Cheeves, 5 in 1-3 inning; in 4 2-3 innings; eff Jones, innings; /off Cooper, 13 in 9 Hit by pitcher—By Cooper, cher). Wild pitch—York. pitcher—Ches:ves. nan and O’Day. for York in in the ninth 2g 1 (Hel Losin;, Umpires—Bren- Grimes Beats Giants. New York, Aug. 13.—New lost more ground in its pursuit oi ‘Pittsburgh by “dropping the third game of its series with Brooklyn yesterday, 3 to 1. Grimes held the Giants to four hits, three of which were made by Frisch. Two siangles la pass and a sacrifice won for the Superbas in the first inning. Score Olson, ss J’ston, 3b Neis, rf .. Wheat, 1f Myers, cf Sch’dt, 1b . luf, 2b Miller, © HHMoOHONON CNWoWNOHMO New York (N.) ab Meusel, If R’lnigs, 2b Snyder, ¢ Nehf, p *Brown Sallee, :Berry .Stengel o P wloccocsccccoran 'bl oooco~oooowooR i Sl hoormmpmnnames Totals *Batted for Nehf in inning. :Ran for Snyder inning. -Batted for inning. Brooklyn .... 20000010 0—3 New York ... 00000100 0—1 Three base hits—Johnson, Miller. Stolen bases—Neis, Frisch. Sacrifices —Neis, Nehf. Double plays—Frisch, Rawlings an Kelly; Bancroft, Rawl- ings and Kelly. Left on bases-—New York, 8; Breoklyn, 4. Bases on balls—Off Nehf, 2; off Grimes, 6. Hits—Off Nehf, 7 in 7 innings; off Sallee, none in 2 Hinings. Struck out—By Nehf, 1; by Grimes, Wild pitch—Grimes. Passed ball—Miller. Losing pitcher—Nehf. Umpires— Moran and Rigler. Tie of game—1 hour and 57 minutes. the in the ninth Sallee in the ninth ¢ Tird Victory for Reds. St. Louis, Aug. 13 (National).—The Redd. won their third consecutive victory over St. Louis yesterday, 4 to 2., Bohne was the individual star, as he was yesterday. The score: Oincinnati (N.) ab r Neale, rt Bohne, 2b Groh, 3b Roush, cf D’bert, 1b Bsler, If | ‘Wingo,. ¢ Kopf, ss M’uard, p Luque, ommommoann cocoCPomnomn oRwoCoRMHRE CorHOPommMHO fowooocouwow coooPo009@0 Hornsby, F'hir, 1b McHenry, Lavan, -ss Dil'fer, ¢ Clemons, ¢ Afsmith, c Pertica, p Sherdel, p Riviere, p *Smith it Totals + wi struck out—By Marquard, 3; Dby erdel, 3. Wild pitch—Riviera. inning pitcher—Marquard. Losing pitcher—Pertica. Umpires—Hart and Ems Time of game—1 hour and 34 minutes* JUGHES TO HEAD" U. S. DELEGATION Senator Knox, It Is Unofficially Sald, Will Also Be on U. S. Personnel. Washington, Aug. 13.—Announce- ment is made at the White House that President Harding had informed sceretary Hughes that he would be 1cad of the American gdelegation to international conference on- the imitation of uxumemt and questions \ffecting the Pacific and the Far East, which is té agsemble in Washington >n November 11. No authotized statemént of other elections by the president has been made, but i§ is understood that Sena- tor Knox of Pennsylvania will be ene >f the delegates. There is reason to believe that Mr. Knox has been noti- fied. A democratic member of the sen- ate will be appointed on the delega- ion. According to report, the pre: lent’s inclination is toward the selec- tion of Senator Underwood, demo- atic leadeg _of the senate. The' unde%;nding that Mr. Knox will be appointed will cause much surprise outside of administfation cir- cles. It had beeh rather ‘generally taken for granted that Senator Lodge, 5y virtue of his position -as chairman of the committee on foreign relations, as well as his leadership of the sen- ate, would be the senate’s republcan representative. Senator Knox, how- ever, is also a member of the com- mittee on foreign relations and was formerly secretary of state. He has 0 jbeen active as a senator in questions g aftecting foreign policies. With [re ect to the Versailles treaty and Ofthe league of nations he is an ir- reconcilable. FRANCE GETS TEXT OF HARDING’S NOTE - : Message of . Invitation to ‘World. Dis- armament Conference is Received Today Paris, Aug. 13—(By the Associated Press).—President Harding’s official invitation to the French government to take part in the confgrence at Washington on disarmament and Far Eastern questions will be dellvered *o the French foreign office today. Acceptance of the invitation was taken as a foregone conclusion. The French delegation it was understood as is usual with meetings of the su- preme council, probably will be small as it is known that Premier Briand does not favor an enormous entourage of secretaries and exports. France through the French embassy at Washington is recelving many, of- fers to lease a house for the accomo- dtion of the French delegation during the conference. ‘Washington, it was pointed out to- day, appears not to have specified whether the delegations will be the guests of the American government as has been the practice at meetings of the allied supreme council, notably in the case of Italy at San Remo of Bel- gium during the Spa conference. South Norwalk Appen-s - As Oyster Field Again South Norwalk, Aug. 13.—For the first time since 1914, oyster men have found a set in the local waters ac- cording to the report of Captain Wil- liam I. Stevens. So far as known this the first set to be reported anywhere in the state this season. From thirty five to fifty oysters have been found on shells which have been drdtiged from the grounds off Roton Point and other spots here. New England Polo Games to Start On August 20 New York, Aug. 13.—Play for the New England polo circuit cup will start August 20 and end on Labor Day at the Myopia Hunt club, Hamilton, Mass., the Polo association announced today. Members of the, New England circuit 0 are Dedham Country and Polo club, 0| Point Judith and Westchester clubs and Myopia. Polo All are expected to 1 | enter teams. e e e —— The Hartford-Connecticut Trust Company Corner Main and Pear] Streets, Hartford Conn. Capital $1,250,000. Surplus Funds $2,000,000.00 Safe. Deposnt Boxes, $5 and upwards, Settlement of Estates, Wills drawn without charge Foreign Exchange to ‘all parts of the world. LETTERS OF CREDIT — GENERAL BANKING ‘Bank by mail. INDUSTRIAL LOAN DEPARTMENT VACATION CLUB INSURANCE DEPARTMENT SAFE DEPOSIT BOXES. LWERTAN Cne Open Saturday Evenings 7 to 9 It is safe and saves time. SAVINGS DEPARTMENT FOREIGN EXCHANGE DEPT XMAS CLUB BOND DEPARTMENT TRUST DEPARTMENT PUTNAM&Co. Member New York Stock Exchange Successor to Richter & Co. 31 WEST MAIN STREET, NEW BRITAIN CONN STANLEY R. EDDY, Sgr. TEL. 2040 WE RECOMMEND THE PURCHASE OF Stanley Works Common Stock This company has paid uninterrupted dividends since 1887 in addition to stock dividend and stock increases at par ($25). Present rate 109/, Below we give price range which would indicate that at present market (about 41) the stock is low, yielding over 69, 1912 54 1913 - 50 1914 50 60 1915 51 74 1916 72,—118 81—107 80—100 1919 93—122 1920 ~ 48— 55* *Ex 1000, stock dividend. JUDD & CO. 28 WEST MAIN ST., NEW BRITAIN, CONNECTICUT Investments, Local Stocks Telephones, 1815, 1816 58Y% 58 1917 1918 §f WE WILL BUY AMERICAN HARDWARE @Thomson, Tenn & To. NEW BRITAIN HARTFORD New Brlhll lldu—l Bank Eldg. 10 Ceatral Bow Mlmlml.r Telephone Charser 3008, We Offer: STANLEY WORKS Common and Preferred. Prices’ On Application. JOHN P. KEOGH Member Consolidated Stock Exchange of New York. w?,:erbn;iy STOCKS xl:: ven Danbur BONDS = Middletown Springfield Direct Private Wire to .Ne'r York and Boston. G. F. GROFF, Mgr.—Room 509, N. B. Nat’l Bank Bldg. — Tel. 1013 We have thousands of customers who enjoy checking accounts—are’ you one of them? Cancelled checks form one of the best and safest receipts for bills paid and there can be no dispute when you hold a check that has been through the bank. Open Tonight 7:00 to 9:00 WE OFFER YOU the service of a strong, 6ld banking or- ganization, which is especially qualified to handle your banking business with satisfactqry results.