New Britain Herald Newspaper, December 3, 1921, Page 9

NEW BRITAIN DAILY HERALD, SATURDAY, DECEMBER 3, 1921 Financial News |STOCKS NOT GOOD FNVIESTMENT NOW o iy GAINTS TRAINING CANP lat followed ¢ York, Dec. 8—After conside QUOTATIONS TURNISHED composed of former mem| 8 ! LELARInE Aallas Baile A and Cambridge tra " BY PUINAM & CO. | PafinaylvanilL Harty [ for their use next Spring, Manager Member New York Stock Exchange Discussing the investment "”""”“"\""” g aney f P St folh TUNNSLS 4 cof 4 | MeGraw and his board of strateg successor to Richter & oo, have oc I3 o stic « ald love | Roger W. Babson makes the follow- |©¢ v ) 0 ) HIBTBAT OL tradle carainitts oy l:\1 t I‘ | l.:“::\\rfin(‘\ lov 31 WEST MAIN STREET, NEW BRITAIN, CONN. L ¢ L \ i notes s S 1 1t take eworl ha again 3 : : broad but frregular dealings in the |'NF Statement: “Dividend cuts have | o o | n [to san Antonlo, Texas, Arrangement STANLEY Ii. EDDY. Mgr TEL. 2040 stock market, rafls belng relegated to | PCOMe an every-day oceurerte and | poney t ) | NEW OFFICERS ELECTED have been made with Harey J. Renon |~ ot ) the background Standard Ol of | Promise to continue at their present [guge or ' t P | At t A A % 5 owner of the San Antonio club of the Wi New Jortiey, General Asphalt ¢ rate for at least another yeay nmugt | td his rot whot a8 League hereby the par Jorsicy, General Aspha pid., farty branc 1 vill once more be at tl Trans-Continental Olle, General Elec Last month's ments on Amerl- | the bnsiness 1 Wt 2 Ay ected prosldc i e Bear \ ~ tric, Harvester and Independent Steels | can industrial stocks, common and |can foreclom $ to & Ml ”m ik 5 ; lisposal of the New Yorkers for their 50 1 ANL}' ‘{ WORKS particularly Repubile and Lacka. | erred, were $8,100,000 |asg than in [ imburse himse ri i restdent, John Quinn X ; onditioning exercise and also for ¢ y wanna scored gross gains of 1 to al-| November, 1910, and $5,300,000 |ess| vestment if PRI ry t ( i AR Danlon: I pe il eral exhibition games MET most five point Shippings also [ than in November last year, This vep- [ such stey r i f OF | pots \ rans treasire e 20 AALAVIMRQCAN HDW. CORP. were active and strong in connéction | resqits a loss of 23 per cent. or nearly [a definite period t st h 1! rer A chapla P Worthern Minnesota producer re with the subsidy reports from Wash- | oné-fourth compared with 1019 and|back as money at ¢ the Vinte santinel i con | cently shipped a ton of honey to ington, Industrial Alcohol, Interna-|16.0 per cent or one-sixth less than | agreed rvental m ; tiona Plaper and Union Bag led the t year stated periods in t stronger speclalties. The closing was| “There s néthing particularly | market value of 1 bonds ris L= = e firm with sales approximating 300,- falarming about such a development|proportion as its income w 1y | S v " | 1. JUDD G. JUDD T. SLOPER 000 sharet In the hond market|ag it {s but one of the characteristics | move food and clothes ; - : P Liberty and Victory issues continued |of the period of depression in every|tleylar line of business becon mo . " o to strengthen with a firm tone to the | husiness cyole or less profitabl A steady and & i general list “The trouble lles in the tact that|sured income of lotermine 4 o Mtg 37 478 |the general investing phblic does not |amount therefor he pl ] Allis Cham ! 4 Am Bect Sugar cem to have been aware of this fact. | the uncertain profit or profits, due the |§ f% Y’ o B 23 WEST MAIN STREET. NEW BRITAIN, CONNECHICUT TR b i AR a e T o | B ons who W VG h i) Investments, Local Stocks Telephone 1415—1816 Wall street-=«Gilg and usual favor ites furnished the bulk of today's D Orrenr by parcel post Am Cir & wd appalled hy lsts shown me--not on e Am I & Leath 12% t, | by the widow and untrained youth but|investment—who heliet S G = 3 e Am Locomo 0814 [ by the man who is keen in his own |investment—are Am 8melt & Ref 433 3 g business. Thelr lists of “investments’” [ imon and prefeirc fl]e Wl“ Buy Am Bug Ref com 55% b 5 |are generally over-loaded with stocks|income has cen \ v the [ | fl. g MED W : S ‘I Am Sumatra Tob 828 42 3 which at times pay dividends. They | present may not o ,Lé‘ ) ,‘:’fi;# u s CO ILL Am Tel & Tel..118 5 5 have counted on these aw income and |gaible i ooy o :'_ l e | PR TR Am Tobacco 134 ars very seriously embarrassed ¢ ¢ some lines of industry | he Am Woolen 015 8014 [result of the cut in dividends. 7T r | thoroughly liquidated both ‘ y ' N 53 Annm.mh Anu “, 67 unfortunaté position is Aueé to their 79 e SerTEaTs =2 your W for a 5> Cusadian Pac 1514 ) § risks of production, transportation Central Leath Co ¢ 200, and mérchandising —— buyi il w Britain National Bank Bldg. 10 Central Row &S RAE Telephone 2580 Telephone Charter 8000 i [ Q 5 g &I DONALD R. HART, Munager Member Hartford Stock Chi Rock 1 & P, chaser of common and preferred |may be hcaded 4 Chile Copper 2 1 cks is zun‘ms ng money for tr 3| or gcrap heap, and re ol 5 5 ,M“m interest in the ' Investn ¥ H A i pe Y 5 2 P o Cuba Cane Sug. 79 73 g LS e barar il the. Hrokder aanes S 7 ‘«f M" : STANLEY WORKS, Pfd. st 3 , e b Gy f"g@ & — Price On Application — Qa‘«tnp. wew. 7 s chen thére are any. One | money, set .-la" o Gen Elee v into fhis position | once. You Gt North pfd Ingpir Cop lana market wise, Thei Ir b ‘} (‘ ; sregard of o very fundamental point. | should be bought— ought as a|ig 8 Jke (. 18 “t fl)mg t i 041 ; “gtocks have an essential place in | speculation by who reali ¢t @ fl, Balth & Ohm our financial structure. Without the ¢ are speculati ) p oo, ; i ml m Deth Stee] B 7 BoE -t commitment of s6me funds to the | future and for yoar Wit} i 5’0‘.,1'» i ¢ m s a ¥ | NEW BRITAIN HAKTFORD Ches & Ohio § 571 [with the hope of selling fo Chi Mil & 8t P 4 business could not be done y pu il Member N. Y. Stock hange Exchange. Chino Cop . L 2 iy 3 tock cértificate estq continue to ¥ 5,_;:;? JL m@@ b i ” Co! Tuel & Irén 26 [ i § ligation in his favor but “Decidc a ] Endicott-John .. the word, and subjécts himselt to the | 3 £ It Erie 1st pfd % rleks roprietoyst and t the B ¢ ¥ prietorship and takes the prir We Do Not Accept Margin Accounts Good (B F) Co 2 ) Interbor Con . ¥ 3 = - Inmxhnr Con pM “Investment on the other hand is o tare § 1K JOHN P. KEOUGH .;?-‘C/Zfl \:!lé]‘l ‘E' AR di‘ens 0{ Oihers Hem T Member Consolidated Stock Exchange of New York Open Tonight Tto 9 Rl Woterbury TOCKS Bridgeport Ee Danbury i New Haven Middletown BONDS Springfield Direct Pricate Wire to New York and Boston of the United $t s without the ship- ping board's pern ion.) 27 e = Pk S The Groton Plant It Baper o 7 627 “Concerning theé reports 6f an in- Kelly Springfield 4 lictment c¢harging padding of payrolls ecott Cop.. 5 25% lat our Groton, Conn., shipyar s is ands as § Lack Stel ..... 48 § \so impossible as full i rincet De Lehigh Valley. . 57% wag made by government off X A Mex Petroleum 1121 % % | reported that there was no padding of | scoring weapen in th lgfl‘ralr: Steel . 4 29% | payrolls at Groton. Kven had there | on, athletic officials I\fl&&\/un Pacific 1{\ g 9 een pml‘ung fnasmuch as our con- |taday pointed out that T\,“' Lead R*}‘é tracts with the shipping board all|tance record js still N Y Central .. 76Y% rovided for the delivery of a certain l\:' YNH&H 134% Yy E onnage at so much per ton the gov- Norfolk & West 987 98% 8 ) crnment had no concern beyond the G. F. GROFF, Mgr—Room 509, N. B. Nat'l Bank Bldg.—Tel. 1012 North Pacific . 82 1 ufillment of our contracts, according Pacific Oil ..... 45% L 2 | to stipulated terms.” Pure O 38% k Mr. Morse has asked W. H. P. Emeé ment Kick Pan Am P & T 50% 2 50% | rich o Parls attorney to come to|tance of 65 vards and sailed strai i < : 36 PEARL ST., HARTTORD Tel. Ch. 3551 If‘n_n R R veees B4 4 | Havre for consultatton, followling |between the goal p ¢ a prom- | 4 £ Pierce Arrow .. }13 14% | word ftrom Attorney Donald Harper |inent broker and man cf i | 5 — Investments — Pittsburgh Coal 62 ] of Paris that he would be unable to| Baitimore, Mr. Haxall still {s an « ot a R : Ray Con Con R act. The American financlier nsists|th stic follower of the gridiron| - o i > g &5 = Reading . . he has no intentlon of fighting by |and sees every “big three” contest ; y gflj ¥ 1\) GN_ 5 legal means against returning to the | can, E, B —_ : Foyal Dy 3 e United Btates but merely wishes to o % PR oA TR R ‘i We Own and Offer a Well-Secured & “' A have representations made in Wash-| CRAVATH 3 o Y , South Paclifie ington that his request for a delay in Los ‘Angele South Railway . P E 9% SN S, Y 1 e P o T o¥e o 3 g be granted. 16 mer N ¢ 4 Studebaker Co . 1 d ety Sl A 3 ; i P b .Et gt t BexasiGonn i " 5 Y Willing to Return the, Phlladelphia Natlonal = League ]G5 1 u ic E Y y re erre Oc . Texas & Paclfic . % 45 “Should baseball elub manager of the % s 2 . 8 Attorney Gen. Daugherty| [.ake club of the Pacific Coast leag 7 e N j ;ga’|::§§ntpig:il ! % refuse my request” Mr. Moree told the| last season, Will never agaln manage |’y 3 BAYa fiq N ’i'( v Current net carnings are running over five times the Union Pactfic .. 127 h ;.0 | correspondent, "I will réturn on the |4 baseball club, he has announced ; b By %N i Y #/a dividend requirements. United Fruit ...1247% Fasie on Monquy. The m job 1s one of tu J 24 Mr. Morse appeared in good health|and abuse, according to Cravath, | [ M Prov e find d 3 53 2 2 abuse, accordin 4 5 | rovi -»mn na rg up a surplus fund equal i L LT and spirifs affer A night's rest at the | Gavey's ambition o be |l i [oimadetion eeiting i} Bl q e e 7 | Hotel Contnental. The surveillance | scout for some major 16aguc team, 1 | ¢ ! E' T B K d to two years® dividends on the preferred stock as a special ' : Nl ¢ | to Which he was subjected, while con- | declared. £ J & protection of the dividend. U 8 Steel ...... 843 83% stant was quite discreet, one police of- o ; icati ) B ¥ Price and particulars on application. TR Utah Copper ... 59% 5914 fo S | A 9 n ficer being stationed on the third floor FINE TATHER FOR GAME | 3 Va Car Chemical 20% 293 ML B A Organized 1862 Willys Overland 5 5 of the hotel where Mr. Morse oc- Seattle, Dac. 8 Gh L aiilen TRl AGE = Total Assets—$12,685,522.05 cupled one of the best rooms and an- " Yiet ¢ the | - other officer near the hotel entrance, lent “m,‘]l‘:' t}‘j\‘“‘ ,‘,;“, ,.:; “,.,].l.,m;”"i % (Putnam & Co.) “MT‘ RSt B ca e 1 Penn! Sta{siana University| Pid . .Vorne.'who sailed on the Paris trom shington football teams. TV 130 35| New York a week ago vesterday—a sectional contest is expected to few days before it became publicly el Both ¢ known that a district of Columbia | g% % TR00HE CEOWE. FOLH & Erand WO uldRhe as ke torInvaatiol| s v A s e LR NS gate his ship contracts—follows: e Din 4 u are directed and required to ; . 5 4 Bristol Brass ... UL T A e | ; i § ; Colt's Arms .. . : “Daugherty, Attorney Iy Mg el It ! ¢ t i IEMm. Lufk e The attorney general's t S|P j"‘ho ¢ 5 ; 3 % o : anders, I & . in reply to a cable from Morse, as ey VRE : g J Lime N B Machine Co ... ing tlh:l he be permitted to remain MaAY RUNNERS ABROAD, | §§ . ’ 2 ‘ 1922 Xn‘las CIUb Niles-Be-Pond com 9labroad until January 5 and request- *hiladelp Dec lecommen- %o ; : North & Judd ing that the American embassy be | dation that the Universit¥ of Penn- || : Ay - Peck, Stow & Wileox 27 29| notified to that effect. sylvania send a two nhle or four |f : Gt & Y L I J : Russell Mfg Co ..... The attorney géneral's cable to the| mile team to the international trac | X i § 4 Scovill Mfg Co .. American embassy at Paris, read meet to be held in London April s, | B iiss % ok B ¢ Onlg Standard Berew .... “Please direct and require orse has been made to the University [ Sy ! B | : Traut & Hine : o ‘ ; Union Mfg Co . e e—————— | gl e Open MORSE MUST SAIL ' e 7 to 9 o’clock FOR HOME MONDAY M 0 W &"‘“ 4 Ours is the only club in New Britain paying interest Hfd Elec Light Southern N E Tel .......109 American Brass . .. 280 Am Hardware Billings & Spencer com .. sl SO S S 1gton pronour their cellent shape. The only SFS A et e s i gt S deposited in our what vague, and in today's message he : ors to the extent of $4,464,283.85—this being the b R e ' SAVIN‘ DEP }% RVE“V‘ EN ! it 14 amount it has paid to its depositors during this period. ! physiolan to the late 'rmw; ' ve i i L | These depositors vealize how good it is to have a sav- 5 5 {l (Continued From First Page) from unomi ,v_\ .nrnt, iln~ l,‘w 5 hds h(‘.pl‘d its deposlt- sulting L Piug, in regard to an operation. This | hiff m;u account in a Mutual Savings Pank. Does not this would necessitate delaying his snllllnz ® - ® ] ress vou with flw wisdom of saving a part of your until the departure of the steamship 3 g i d ; arnings each mont This Pank furnishes a safe George Washington on January &, up to and }iilc u ln? £ el e i th : rl s TR b .‘lr‘.’ Morse (‘g\’prv ssed disbellef in > { place for denosit and is paying interest at the rate of the reports that he had been indicted, 11, per cent. on all deposits. received hero in Washington dis- DECI.:MBER 3 »i It invites you to call at this Bank (pictured above) patches. - T@l open an acconnt in your name and receive a depositor's Indictment Quashed " s : 5 in passhook. The Denositors ave the only ones that share “The report of my indictment I ! : connection with the Tunis ship deal” in the pro its of this Bank. There are no stockholders |::fn:;nvlp‘:lf ,',.u“1"\(\‘-?;0?;;|T(edn::\s'hn: raws n‘eres X l‘Ofl(i t‘ e ‘ l to receive dividends from the earnings of your deposits | |2 charge more than a year ago in New h e —— = R — ()[Vl{ 9TH 3 York state and the indictment was quashed at the request of the ship- e oara. s oo s Se— /| CHRISTMAS SAVINGS CLUB (Mr. Morse was {indicted 1920 on a charge that, through an| mmmuwmwmmm agent, he had sold the steamer John B om : Tow A . <hi 5. McCullough to the government ot | e ]he P'W“ (,r . Conn(\cg!c“t T!’“St Company Now Open For Membership Tunis in violation of the law proscrib- i 5 g ng sale of a ship registered under the | _ TR o il Corner Iifain and Pearl streets, Hartford, Conn. American laws to anyone not a citizen A ! s N - N e —— st # Capital $1,250,000. Surplus Funds $2,000,000.00 g - R afe Deposit Boxes, $5.00 and upwards PALACE ‘ ! I Settlernent of Estates, wills drawn without charge Starting Next Sunday I f SEXPERIENCE” Forei 11 Exchange to all parts of the world. Wk ] e i; : enings 7-© [l i LETTERS OF CREDIT — GENERAL BANKING § | NEW BRITAIN NATIONAL BANK | L3 R L Over 8990,000.00 has been saved in this city M M A through our clubs. of New Britain l,,.] !‘ by mail. It is ~~..f«~ and saves time. » o i II'THE ONLY NATIONAL BANK IN THE CITY niiiiiii